Section 17751 Of Chapter 9. Estates, Trusts, Beneficiaries, And Decedents From California Revenue And Taxation Code >> Division 2. >> Part 10. >> Chapter 9.
17751
. Section 645 of the Internal Revenue Code, relating to
certain revocable trusts treated as part of estate, is modified as
follows:
(a) An election under Section 645(a) of the Internal Revenue Code
for federal purposes shall be treated for purposes of this part as an
election made by the executor, if any, of the estate and the trustee
of the qualified revocable trust under Section 645(a) of the
Internal Revenue Code for state purposes and a separate election
under paragraph (3) of subdivision (e) of Section 17024.5 shall not
be allowed.
(b) If the executor, if any, of the estate and the trustee of a
qualified revocable trust fail to make an election under Section 645
(a) of the Internal Revenue Code for federal purposes with respect to
that qualified revocable trust, that trust shall be treated and
taxed for purposes of this part as a separate trust, an election
under Section 645(a) of the Internal Revenue Code for state purposes
with respect to that trust shall not be allowed, and a separate
election under paragraph (3) of subdivision (e) of Section 17024.5
shall not be allowed with respect to that trust.