{"data":{"id":"us/26-cfr-1.643-a-7","jurisdiction":"us","citation":"26 CFR 1.643(a)-7","heading":"(a)-7 Dividends.","body":"Dividends excluded from gross income under section 116 (relating to partial exclusion of dividends received) are included in distributable net income. For this purpose, adjustments similar to those required by § 1.643(a)-5 with respect to expenses allocable to tax-exempt income and to income included in amounts paid or set aside for charitable purposes are not made. See the regulations under section 642(c).","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":"71c91a210f06c3a1d2c7eef4fd352643ded310a789ab67bf18231e13ed98c7e3","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.643-a-6","next":"us/26-cfr-1.643-a-8"},"notice":"GroundRules: Original legal text. Not legal advice."}