Estates and trusts
(1) In general
(1)In general#
Except as otherwise provided in this subsection, this section shall apply to any estate or trust.
(2)Exception for estates and certain trusts#
With respect to any taxable year ending before the date 2 years after the date of the decedent’s death, this section shall not apply to—
(A) the estate of such decedent, or
(B) any trust— (i) all of which was treated (under subpart E of part I of subchapter J of chapter 1) as owned by the decedent, and (ii) to which the residue of the decedent’s estate will pass under his will (or, if no will is admitted to probate, which is the trust primarily responsible for paying debts, taxes, and expenses of administration).
(2)(A)#
the estate of such decedent, or
(2)(B)#
any trust—
(i) all of which was treated (under subpart E of part I of subchapter J of chapter 1) as owned by the decedent, and
(ii) to which the residue of the decedent’s estate will pass under his will (or, if no will is admitted to probate, which is the trust primarily responsible for paying debts, taxes, and expenses of administration).
(2)(B)(i)#
(3)Exception for charitable trusts and private foundations#
This section shall not apply to any trust which is subject to the tax imposed by section 511 or which is a private foundation.
(4)Special rule for annualizations#
In the case of any estate or trust to which this section applies, subsection (d)(2)(B)(i) shall be applied by substituting “ending before the date 1 month before the due date for the installment” for “ending before the due date for the installment”.