Rev. Rul. 85-20

1985-1 C.B. 183, 1985-9 I.R.B. 9.

Published: March 4, 1985

Section 642.-Special Rule for Credits and Deductions., 26 CFR 1.642(c)-6: Valuation of a remainder interest in property transferred to a pooled income fund.

  For purposes of determining the present value of life income interests in a pooled income fund under section 1.642(c)-6(b) of the Income Tax Regulations, the first taxable year of a pooled income fund is the taxable year in which the pooled income fund first receives assets.

Rev. Rul. 85-20, 1985-1 C.B. 183, 1985-9 I.R.B. 9.