Treas. Reg. § 1.678(b)-1 If grantor is treated as the owner.

eCFR as of 2026-10-19 · Interprets § 678(b)

Section 678(a) does not apply with respect to a power over income, as originally granted or thereafter modified, if the grantor of the trust is treated as the owner under sections 671 to 677, inclusive.