accumulation distribution
Defined in 1 place of the United States Code.
For purposes of this subpart, except as provided in subsection (c), the term "accumulation distribution" means, for any taxable year of the trust, the amount by which—
Source
- 1997–present26 U.S.C. § 665Internal Revenue Code · Definitions applicable to subpart D · for purposes of this subpart
For purposes of this subpart, except as provided in subsection (c), the term “accumulation distribution” means, for any taxable year of the trust, the amount by which—
(1) the amounts specified in paragraph (2) of section 661(a) for such taxable year, exceed
(2) distributable net income for such year reduced (but not below zero) by the amounts specified in paragraph (1) of section 661(a).
Source
- 201326 U.S.C. § 665Internal Revenue Code · Definitions applicable to subpart D · for purposes of this subpart
For purposes of this subpart, the term “accumulation distribution” means, for any taxable year of the trust, the amount by which—
Source
- 1994–199726 U.S.C. § 665Internal Revenue Code · Definitions applicable to subpart D · for purposes of this subpart