 | 1990 - 676 pagini
...termination but for the termination, the carryover or carryovers are allowed under section 642(h)(1) to the beneficiaries succeeding to the property of the estate or trust. See § 1.641(b)-3 for the determination of when an estate or trust terminates. (b) The net operating... | |
 | 1996 - 736 pagini
...contributions)) in excess of gross income, the excess is allowed under section 642(h)(2) as a deduction to the beneficiaries succeeding to the property of the estate or trust. The deduction is allowed only in computing taxable income and must be taken into account in computing... | |
 | United States. Internal Revenue Service. Statistics Division - 1957 - 140 pagini
...1099. N. Unused loss carryovers and excess deductions on termination. — Deductions shall b« allowed to the beneficiaries succeeding to the property of the estate or trust, if upon termination the estate or trust has (1) a net operating loss carryover under section 172 or... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1176 pagini
...allowed as a deduction, in accordance with regulations prescribed by the Secretary or his delegate, to the beneficiaries succeeding to the property of the estate or trust. For the purposes of this subsection, separate and independent shares of different beneficiaries in... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 1064 pagini
...allowed as a deduction, in accordance with regulations prescribed by the Secretary or his delegate, to the beneficiaries succeeding to the property of the estate or trust. For the purposes of this subsection, separate and independent shares of different beneficiaries in... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 1064 pagini
...allowed as a deduction, in accordance with regulations prescribed by the Secretary or his delegate, to the beneficiaries succeeding to the property of the estate or trust, for the purposes of this subsection, separate and independent shares of different beneficiaries in... | |
 | 1961 - 566 pagini
...contributions) ) in excess of gross income, the excess is allowed under section 642(h) (2) as a deduction to the beneficiaries succeeding to the property of the estate or trust. The deduction is allowed only in computing taxable income; it is not allowed in computing adjusted... | |
 | United States. Tax Court - 1967 - 1032 pagini
...termination but for the termination, the carryover or carryovers are allowed nnder section 642(h)(l) to the beneficiaries succeeding to the property of the estate or trust. • • • • • • • • • • (b) The net operating loss carryover and the capital loss carryover... | |
 | United States. Internal Revenue Service - 1978 - 630 pagini
...contributions) ) in excess of gross income, the excess is allowed under section 642 (h) (2) as a deduction to the beneficiaries succeeding to the property of the estate or trust. The deduction is allowed only in computing taxable income and must be taken into account in computing... | |
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... in excess of gross income for such year, then such carryover or such excess shall be allowed as a deduction, in accordance with regulations prescribed by the Secretary or his delegate, to the beneficiaries succeeding to the property of the estate... 
