§ 6034(b)(2)

paragraph (1) does not apply

UNDECIDED

0 of 2 settled

  1. 1

    § 6034(b)(2)

    ANY OF

    Paragraph (1) shall not apply to a trust for any taxable year if—

    “to a trust” Opening words
    “all the net income for such year, determined under the applicable principles of the law of trusts, is required to be distributed currently to the beneficiaries, or” § 6034(b)(2)(A)
    “the trust is described in section 4947(a)(1).” § 6034(b)(2)(B) needs Step 2 treated as section 501(c)(3) organization UNDECIDED
  2. 2

    § 4947(a)(1)

    treated as section 501(c)(3) organization

    ALL OF
    “For purposes of part II of subchapter F of chapter 1 (other than section 508(a), (b), and (c)) and for purposes of this chapter” Opening words
    “a trust which is not exempt from taxation under section 501(a)”
    “all of the unexpired interests in which are devoted to one or more of the purposes described in section 170(c)(2)(B)”
    “for which a deduction was allowed under section 170, 545(b)(2), 642(c), 2055, 2106(a)(2), or 2522 (or the corresponding provisions of prior law)”