[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: 26CFR1.661(b)-2]

[Page 104]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.661(b)-2  Character of amounts distributed when charitable 
contributions are made.

    In the application of the rule stated in Sec. 1.661(b)-1, the items 
of deduction which enter into the computation of distributable net 
income are allocated among the items of income which enter into the 
computation of distributable net income in accordance with the rules set 
forth in Sec. 1.652(b)-3, except that, in the absence of specific 
provisions in the governing instrument, or unless local law requires a 
different apportionment, amounts paid, permanently set aside, or to be 
used for the charitable, etc., purposes specified in section 642(c) are 
first ratably apportioned among each class of items of income entering 
into the computation of the distributable net income of the estate or 
trust, in accordance with the rules set out in paragraph (b) of Sec. 
1.643(a)-5.