### Question
How does NORMAL TAXES AND SURTAXES define taxes imposed on the trust?


### Answer
Under *26 U.S.C. § 665*, **taxes imposed on the trust** is defined as:

> the amount of the taxes which are imposed for any taxable year of the trust under this chapter (without regard to this subpart or part IV of subchapter A) and which, under regulations prescribed by the Secretary, are properly allocable to the undistributed portions of distributable net income and gains in excess of losses from sales or exchanges of capital assets

#### Citation:
  - *26 U.S.C. § 665*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter J-Estates, Trusts, Beneficiaries, and Decedents > PART I-ESTATES, TRUSTS, AND BENEFICIARIES > Subpart D-Treatment of Excess Distributions by Trusts**

