Law Dictionary

To search for a particular term please use the following search box.

income distribution deduction

(Tax Law)

A deduction allowed to a trust for distributions to beneficiaries sometimes referred to as "IDD." It is limited to distributable net income and is designed to avoid double taxation on income flowing from the trust to its beneficiaries. IRC sections 651 and 661.

Source : Internal Revenue Service - United States Department of Treasury

Language : English

Return

Return to Law Dictionary Index