### Question
How is the "qualified trust" defined?


### Answer
The term **qualified trust** is defined in *26 U.S.C. § 665* as follows -

> any trust other than—


(A) a foreign trust (or, except as provided in regulations, a domestic trust which at any time was a foreign trust), or


(B) a trust created before March 1, 1984, unless it is established that the trust would not be aggregated with other trusts under section 643(f) if such section applied to such trust

#### 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**

