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Taxes on Failure to Distribute Income: Limits on distributable amount of split-interest trust

Generally, a private foundation does not have to distribute an amount greater than required for any tax year if for that year the entire corpus of the split-interest trust making distributions to the foundation had been taken into account by the foundation as an asset used in figuring minimum investment return.

Return to Life Cycle of a Private Foundation


Page Last Reviewed or Updated: 16-Sep-2016