§ 24354
91 words·~1 min read·
/ca/revenue-and-taxation-code/24354A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions on the basis of the trust income allocable to each.