26 U.S.C. § 6039H - Information with respect to Alaska Native Settlement Trusts and sponsoring Native Corporations

26 USC 6039H - Information with respect to Alaska Native Settlement Trusts and sponsoring Native Corporations

(a) Requirement 
The fiduciary of an electing Settlement Trust (as defined in section 646 (h)(1)) shall include with the return of income of the trust a statement containing the information required under subsection (c).
(b) Application with other requirements 
The filing of any statement under this section shall be in lieu of the reporting requirements under section 6034A to furnish any statement to a beneficiary regarding amounts distributed to such beneficiary (and such other reporting rules as the Secretary deems appropriate).
(c) Required information 
The information required under this subsection shall include
(1) the amount of distributions made during the taxable year to each beneficiary,
(2) the treatment of such distribution under the applicable provision of section 646, including the amount that is excludable from the recipient beneficiarys gross income under section 646, and
(3) the amount (if any) of any distribution during such year that is deemed to have been made by the sponsoring Native Corporation (as defined in section 646 (h)(5)).
(d) Sponsoring Native Corporation 

(1) In general 
The electing Settlement Trust shall, on or before the date on which the statement under subsection (a) is required to be filed, furnish such statement to the sponsoring Native Corporation (as so defined).
(2) Distributees 
The sponsoring Native Corporation shall furnish each recipient of a distribution described in section 646 (e)(3) a statement containing the amount deemed to have been distributed to such recipient by such corporation for the taxable year.