[Code of Federal Regulations]
[Title 26, Volume 10]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.951-2]

[Page 205]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.951-2  Coordination of subpart F with election of a foreign 
investment company to distribute income.

    A United States shareholder who for his taxable year is a qualified 
shareholder (within the meaning of section 1247(c)) of a foreign 
investment company with respect to which an election under section 
1247(a) and the regulations thereunder is in effect for the taxable year 
of such company which ends with or within such taxable year of such 
shareholder shall not be required to include any amount in his gross 
income for his taxable year under paragraph (a) of Sec. 1.951-1 with 
respect to such company for that taxable year of such company.

[T.D. 6795, 30 FR 937, Jan. 29, 1965]