[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: 26CFR1.662(c)-3]

[Page 110]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.662(c)-3  Termination of existence of other beneficiaries.

    If the existence of a beneficiary which is not an individual 
terminates, the amount to be included under section 662(a) in its gross 
income for the last taxable year is computed with reference to 
Sec. Sec. 1.662(c)-1 and 1.662(c)-2 as if the beneficiary were a 
deceased individual, except that income required to be distributed prior 
to the termination but actually distributed to the beneficiary's 
successor in interest is included in the beneficiary's income for its 
last taxable year.

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