# 26 U.S.C. § 662: Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t26_s662

## Section

- **Citation:** 26 U.S.C. § 662
- **Heading:** Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 16, 2026
- **Source:** Publisher's official text
- **Location:** 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 C—Estates and Trusts Which May Accumulate Income or Which Distribute Corpus

## Text

The amount of income for the taxable year required to be distributed currently to such beneficiary, whether distributed or not. If the amount of income required to be distributed currently to all beneficiaries exceeds the distributable net income (computed without the deduction allowed by section 642(c), relating to deduction for charitable, etc., purposes) of the estate or trust, then, in lieu of the amount provided in the preceding sentence, there shall be included in the gross income of the beneficiary an amount which bears the same ratio to distributable net income (as so computed) as the amount of income required to be distributed currently to such beneficiary bears to the amount required to be distributed currently to all beneficiaries. For purposes of this section, the phrase “the amount of income for the taxable year required to be distributed currently” includes any amount required to be paid out of income or corpus to the extent such amount is paid out of income for such taxable year.

( Aug. 16, 1954, ch. 736 , 68A Stat. 220 ; Pub. L. 94–455, title XIX, § 1906(b)(13)(A) , Oct. 4, 1976 , 90 Stat. 1834 .)

## Nearby sections

- [26 U.S.C. § 641 Imposition of tax](https://www.frixlaw.com/law-library/statutes/usc_t26_s641.md)
- [26 U.S.C. § 642 Special rules for credits and deductions](https://www.frixlaw.com/law-library/statutes/usc_t26_s642.md)
- [26 U.S.C. § 643 Definitions applicable to subparts A, B, C, and D](https://www.frixlaw.com/law-library/statutes/usc_t26_s643.md)
- [26 U.S.C. § 644 Taxable year of trusts](https://www.frixlaw.com/law-library/statutes/usc_t26_s644.md)
- [26 U.S.C. § 645 Certain revocable trusts treated as part of estate](https://www.frixlaw.com/law-library/statutes/usc_t26_s645.md)
- [26 U.S.C. § 646 Tax treatment of electing Alaska Native Settlement Trusts](https://www.frixlaw.com/law-library/statutes/usc_t26_s646.md)
- [26 U.S.C. § 651 Deduction for trusts distributing current income only](https://www.frixlaw.com/law-library/statutes/usc_t26_s651.md)
- [26 U.S.C. § 652 Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only](https://www.frixlaw.com/law-library/statutes/usc_t26_s652.md)
- [26 U.S.C. § 661 Deduction for estates and trusts accumulating income or distributing corpus](https://www.frixlaw.com/law-library/statutes/usc_t26_s661.md)
- [26 U.S.C. § 662 Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus](https://www.frixlaw.com/law-library/statutes/usc_t26_s662.md)
- [26 U.S.C. § 663 Special rules applicable to sections 661 and 662](https://www.frixlaw.com/law-library/statutes/usc_t26_s663.md)
- [26 U.S.C. § 664 Charitable remainder trusts](https://www.frixlaw.com/law-library/statutes/usc_t26_s664.md)
- [26 U.S.C. § 665 Definitions applicable to subpart D](https://www.frixlaw.com/law-library/statutes/usc_t26_s665.md)
- [26 U.S.C. § 666 Accumulation distribution allocated to preceding years](https://www.frixlaw.com/law-library/statutes/usc_t26_s666.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t26_s662. Check the current official text before relying on it. Not legal advice.