[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.652(c)-1]

[Page 101]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.652(c)-1  Different taxable years.

    If a beneficiary has a different taxable year (as defined in section 
441 or 442) from the taxable year of the trust, the amount he is 
required to include in gross income in accordance with section 652 (a) 
and (b) is based on the income of the trust for any taxable year or 
years ending with or within his taxable year. This rule applies to 
taxable years of normal duration as well as to so-called short taxable 
years. Income of the trust for its taxable year or years is determined 
in accordance with its method of accounting and without regard to that 
of the beneficiary.