{"data":{"id":"us/26-cfr-1.562-3","jurisdiction":"us","citation":"26 CFR 1.562-3","heading":"-3 Distributions by a member of an affiliated group.","body":"A personal holding company which files or is required to file a consolidated return with other members of an affiliated group may be required to file a separate personal holding company schedule by reason of the limitations and exceptions provided in section 542(b) and § 1.542-4. Section 562(d) provides that in such case the dividends paid deduction shall be allowed to the personal holding company, with respect to a distribution made to any member of the affiliated group, if such distribution would constitute a dividend if it were made to a shareholder which is not a member of the affiliated group.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"0a84c97b2477771a54c32d094c645c9350a2e8af95bfc2df7cc9bb24ae5e9071","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.562-2","next":"us/26-cfr-1.563-1"},"notice":"GroundRules: Original legal text. Not legal advice."}