Legal Alerts/Details

The Pass-Through Income Deduction for Charitable Remainder Trusts

March 27, 2019
Footnotes:
  1. The final IRS Regulations can be accessed here: https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf. A discussion of the intricacies of the Pass-Through Income Deduction is beyond the scope of this alert. The Pass-Through Income Deduction is complex and takes into account many features. The rules related to the Pass-Through Income Deduction are found in Section 199A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder.
  2. The proposed IRS Regulations can be accessed here:  https://www.irs.gov/pub/irs-drop/REG-134652-18.pdf.
  3. CRTs are governed by Section 664 of the Code and the regulations thereunder, plus certain excise tax, gift, and estate tax provisions of the Code and regulations relating to charities.

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