Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return


Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Ordering of Qualifying Distributions - Private Foundations

Any qualifying distribution made during the tax year will be treated as being made:

  1. First, out of undistributed income of the immediately preceding tax year (if the private foundation was subject to the initial excise tax for the prior tax year) to the extent thereof,
  2. Second, out of undistributed income for the current tax year to the extent thereof, and
  3. Then, out of corpus.

Distributions are taken into account in the order of time in which made.

Additional information:

Ordering of Qualifying Distributions - Special Choice


Return to Life Cycle of a Private Foundation