Special rules for credits and deductions

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Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter J—Estates, Trusts, Beneficiaries, and Decedents > PART I—ESTATES, TRUSTS, AND BENEFICIARIES > Subpart A—General Rules for Taxation of Estates and Trusts

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An estate or trust shall be allowed the credit against tax for taxes imposed by foreign countries and possessions of the United States, to the extent allowed by section 901, only in respect of so much of the taxes described in such section as is not properly allocable under such section to the beneficiaries.

( Aug. 16, 1954, ch. 736 , 68A Stat. 215 ; Pub. L. 87–834, § 13(c)(2)(A) , Oct. 16, 1962 , 76 Stat. 1034 ; Pub. L. 88–272, title II, § 201(d)(6)(A) , (B), Feb. 26, 1964 , 78 Stat. 32 ; Pub. L. 89–621, § 2(a) , Oct. 4, 1966 , 80 Stat. 872 ; Pub. L. 91–172, title II, § 201(b) , title VII, § 704(b)(2), Dec. 30, 1969 , 83 Stat. 558 , 669; Pub. L. 92–178, title III, § 303(c)(4) , title VII, §§ 701(b), 702(b), Dec. 10, 1971 , 85 Stat. 522 , 561, 562; Pub. L. 94–455, title XIV, § 1402(b)(1)(J) , (2), title XIX, §§ 1901(b)(1)(H)(i), 1906(b)(13)(A), 1951(c)(2)(B), title XX, § 2009(d), title XXI, § 2124(a)(3)(B), Oct. 4, 1976 , 90 Stat. 1732 , 1791, 1834, 1840, 1896, 1917; Pub. L. 94–528, § 1(a) , Oct. 17, 1976 , 90 Stat. 2483 ; Pub. L. 95–30, title I, § 101(d)(9) , May 23, 1977 , 91 Stat. 134 ; Pub. L. 95–600, title I, § 113(a)(2)(B) , Nov. 6, 1978 , 92 Stat. 2778 ; Pub. L. 97–34, title II, § 212(d)(2)(D) , Aug. 13, 1981 , 95 Stat. 239 ; Pub. L. 98–369, div. A, title IV, § 474(r)(17) , title X, § 1001(b)(8), (e), July 18, 1984 , 98 Stat. 843 , 1011, 1012; Pub. L. 99–514, title I, § 112(b)(2) , title III, § 301(b)(6), title VI, § 612(b)(3), Oct. 22, 1986 , 100 Stat. 2108 , 2217, 2250; Pub. L. 101–239, title VII, § 7811(j)(3) , Dec. 19, 1989 , 103 Stat. 2411 ; Pub. L. 101–508, title XI , §§ 11801(c)(6)(B), 11812(b)(9), Nov. 5, 1990 , 104 Stat. 1388–524 , 1388–535; Pub. L. 103–66, title XIII , §§ 13113(d)(2), 13261(f)(2), Aug. 10, 1993 , 107 Stat. 429 , 539; Pub. L. 104–188, title I, § 1704(t)(8) , Aug. 20, 1996 , 110 Stat. 1887 ; Pub. L. 107–134, title I, § 116(a) , Jan. 23, 2002 , 115 Stat. 2439 ; Pub. L. 113–295, div. A, title II, § 202(a) , Dec. 19, 2014 , 128 Stat. 4024 ; Pub. L. 115–97, title I, § 11041(b) , Dec. 22, 2017 , 131 Stat. 2082 ; Pub. L. 115–141, div. U, title IV, § 401(a)(137) , Mar. 23, 2018 , 132 Stat. 1190 .)

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