Code of Federal Regulations Title 26. Internal Revenue § 26.1.662(a)–1 Inclusion of amounts in gross income of beneficiaries of estates and complex trusts;  general

There is included in the gross income of a beneficiary of an estate or complex trust the sum of:

by the estate or trust. The preceding sentence is subject to the rules contained in § 1.662(a)–2 (relating to currently distributable income), § 1.662(a)–3 (relating to other amounts distributed), and §§ 1.662(b)–1 and 1.662(b)–2 (relating to character of amounts).Section 662 has no application to amounts excluded under section 663(a).