§ 1.642(e)-1. (e)-1 Depreciation and depletion.
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/us/cfr/t26/s§ 1.642(e)-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An estate or trust is allowed the deductions for depreciation and depletion, but only to the extent the deductions are not apportioned to beneficiaries under sections 167(h) and 611(b). For purposes of sections 167(h) and 611(b), the term beneficiaries includes charitable beneficiaries. See the regulations under those sections. [T.D. 6712, 29 FR 3655, Mar. 24, 1964]
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§ 1.642(e)-1
(e)-1 Depreciation and depletion.
Treas. Dec.T.D. 6712
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