Regulations of Connecticut State Agencies — Title 12
Conn. Agencies Regs § 12-714(b)-1
Special rule where a trust or estate has no federal distributable net income
# (a)
If a trust or estate has no federal distributable net income for a taxable year, the share of each beneficiary (including, solely for the purpose of this allocation, resident beneficiaries) in the items derived from or connected with Connecticut sources which enter into the definition of federal distributable net income shall be in proportion to such beneficiary's share of the trust or estate income for such year, under local law or the governing instrument, which is required to be distributed currently, and any other amounts which are properly paid or credited or required to be distributed during the taxable year. Any balance of such net amount shall be allocated to the trust or estate.
# (b)
While this section pertains to Section 12-714(b) of the general statutes, for purposes of supplementary interpretation, as the phrase is used in Section 12-2 of the general statutes, the adoption of this section is authorized by Section 12-740(a) of the general statutes.
Amendment history
November 18, 1994
Source: official regulations index (title 12 publishes as one PDF)
Nearby sections (25 sections)
- 12-711(d)-1 · Military pay
- 12-711(f)-1 · Purchase and sale for own account
- 12-712(a)(1)-1 · Partnership income and deductions of a nonresident…
- 12-712(a)(2)-1 · Nonresident shareholder's pro rata share of S…
- 12-712(b)-1 · Special rules as to nonresident partners
- 12-712(d)-1 · Alternate method of allocation
- 12-713(a)-1 · Connecticut taxable income derived from or connected with
- 12-713(a)-2 · Share of a nonresident trust or estate in distributable…
- 12-713(a)-3 · Items not in distributable net income of a nonresident…
- 12-713(a)-4 · Items derived from or connected with Connecticut sources
- 12-714(a)-1 · Share of a nonresident trust, estate or beneficiary in…
- 12-714(a)-2 · Character of items
- 12-714(b)-1 · Special rule where a trust or estate has no federal…
- 12-715(a)-1 · Modification of partnership items in partner's income tax
- 12-715(a)-2 · Modification of S corporation items in shareholder's…
- 12-715(b)-1 · Character of partnership items
- 12-715(b)-2 · Character of S corporation items
- 12-715(c)-1 · Connecticut income tax avoidance or evasion
- 12-716(a)-1 · Allocating the Connecticut fiduciary adjustment among
- 12-716(b)-1 · Method of attributing certain modifications among trust or
- 12-717-1 · Part-year residents: capital losses and passive activity…
- 12-717-2 · Part-year residents: net operating loss deduction
- 12-717-3 · Part-year residents: income or loss from business, trade,…
- 12-717-4 · Part-year residents: distributive or pro rata share of…
- 12-717-5 · Taxpayers to whom the special accrual rules apply