Testamentary trusts. A trust (other than a qualified subpart E trust, an electing QSST, or an electing small business trust) to which S corporation stock is— (A) Transferred pursuant to the terms of a will, but only for the 2-year period beginning on the day the stock is transferred to the trust except as otherwise provided in paragraph (h)(3)(i)(D) of this section; or (B) Transferred pursuant to the terms of an electing trust as defined in § 1.645–1(b)(2) during the election period as defined in § 1.645–1(b)(6), or deemed to be distributed at the close of the last day of the election period pursuant to § 1.645–1(h)(1), but in each case only for the 2-year period beginning on the day the stock is transferred or deemed distributed to the trust except as oth- erwise provided in paragraph (h)(3)(i)(D) of this section.
Appears in 8 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
