Statute · United States Code

26 U.S.C. § 683 — Use of trust as an exchange fund

26 U.S.C. § 683

Type
Statute
Source
United States Code
Jurisdiction
Federal
Date
2026-10-22

(a) General rule Except as provided in subsection (b), if property is transferred to a trust in exchange for an interest in other trust property and if the trust would be an investment company (within the meaning of section 351) if it were a corporation, then gain shall be recognized to the transferor. (b) Exception for pooled income funds Subsection (a) shall not apply to any transfer to a pooled income fund (within the meaning of section 642(c)(5)).

Citator

26 U.S.C. § 683 — Use of trust as an exchange fund is in force in the current edition of the Code, and nothing recorded condemns it.

(a) General rule Except as provided in subsection (b), if property is transferred to a trust in exchange for an interest in other trust property and if the trust would be an investment company (within the meaning of section 351) if it were a corporation, then gain shall be recognized to the transferor. (b) Exception for pooled income funds Subsection (a) shall not apply to any transfer to a pooled income fund (within the meaning of section 642(c)(5)).