Source: https://www.charitableplanning.com/library/documents/469287
Timestamp: 2018-05-22 08:15:38
Document Index: 741381516

Matched Legal Cases: ['§\u20091', '§\u200920', '§\u200920', '§\u200920', '§\u200920', '§\u20091', '§\u2009601', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091']

Reg. Sec. 1.664-4: Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.
Rules for determining present value. For purposes of sections 170, 2055, 2106, and 2522, the fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) is its present value determined under paragraph (d) of this section. The present value determined under this section shall be computed on the basis of-
Life contingencies determined as to each life involved, from the values of lx set forth in Table 2000CM contained in § 20.2031-7(d)(7) of this chapter in the case of transfers for which the valuation date is on or after May 1, 2009; or from Table 90CM contained in § 20.2031-7A(f)(4) in the case of transfers for which the valuation date is after April 30, 1999, and before May 1, 2009. See § 20.2031-7A(a) through (e), whichever is applicable, for transfers for which the valuation date is before May 1, 1999;
Interest at the section 7520 rate in the case of transfers for which the valuation date is after April 30, 1989, or 10 percent in the case of transfers to charitable remainder unitrusts made after November 30, 1983, for which the valuation date is before May 1, 1989. See § 20.2031-7A (a) through (c) of this chapter, whichever is applicable, for transfers for which the valuation date is before December 1, 1983; and
The assumption that the amount described in § 1.664-3(a)(1)(i)(a) is distributed in accordance with the payout sequence described in the governing instrument. If the governing instrument does not prescribe when the distribution is made during the period for which the payment is made, for purposes of this section, the distribution is considered payable on the first day of the period for which the payment is made.
Actuarial Computations by the Internal Revenue Service. The regulations in this and in related sections provide tables of actuarial factors and examples that illustrate the use of the tables in determining the value of remainder interests in property. Section 1.7520-1(c)(2) refers to government publications that provide additional tables of factors and examples of computations for more complex situations. If the computation requires the use of a factor that is not provided in this section, the Commissioner may supply the factor upon a request for a ruling. A request for a ruling must be accompanied by a recitation of the facts including the date of birth of each measuring life, and copies of the relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (See § 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee. If the Commissioner furnishes the factor, a copy of the letter supplying the factor should be attached to the tax return in which the deduction is claimed. If the Commissioner does not furnish the factor, the taxpayer must furnish a factor computed in accordance with the principles set forth in this section.
Statement supporting deduction required. Any claim for a deduction on any return for the value of a remainder interest in a charitable remainder unitrust must be supported by a full statement attached to the return showing the computation of the present value of such interest.
Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is on or after May 1, 2009, is its present value determined under paragraph (e) of this section. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is before May 1, 2009, is its present value determined under the following sections:
Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is on or after May 1, 2009-
In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is on or after May 1, 2009, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(7) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under § 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, § 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).
Transitional rules for valuation of charitable remainder unitrusts.
For purposes of sections 2055, 2106, or 2624, if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died on or after May 1, 2009, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency on or after May 1, 2009, the present value of a remainder interest under this section is determined as if the valuation date with respect to the decedent's gross estate is either before or after May 1, 2009, at the option of the decedent's executor.
For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is on or after May 1, 2009, and before July 1, 2009, the present value of a remainder interest based on one or more measuring lives is determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or § 1.664-4A(f)(6), at the option of the donor or the decedent's executor, as the case may be.
For purposes of paragraphs (e)(2)(i) and (e)(2)(ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(7) of this section or § 1.664-4A(f)(6), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).
Adjusted payout rate. For transfers for which the valuation date is after April 30, 1989, the adjusted payout rate is determined by using the appropriate Table F in paragraph (e)(6) of this section, for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see paragraph (e)(6) of this section. If the interest rate is below 4.2 percent or greater than 14 percent, see paragraph (b) of this section. The adjusted payout rate is determined by multiplying the fixed percentage described in § 1.664-3(a)(1)(i)(a) by the factor describing the payout sequence of the trust and the number of months by which the valuation date for the first full taxable year of the trust precedes the first payout date for such taxable year. If the governing instrument does not prescribe when the distribution or distributions shall be made during the taxable year of the trust, see paragraph (a) of this section. In the case of a trust having a payout sequence for which no figures have been provided by the appropriate table, and in the case of a trust that determines the fair market value of the trust assets by taking the average of valuations on more than one date during the taxable year, see paragraph (b) of this section.
Period is a term of years. If the period described in § 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after November 30, 1983, is the factor under the appropriate adjusted payout rate in Table D of paragraph (e)(6) of this section corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. For purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor. However, if an election is made under section 7520 and § 1.7520-2(b) to compute the present value of the charitable interest by use of the interest rate component for either of the 2 months preceding the month in which the date of transfer falls, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. In the case of a testamentary transfer under section 2055, 2106, or 2624, the valuation date is the date of death, unless the alternate valuation date is elected under section 2032, in which event, and within the limitations set forth in section 2032 and the regulations thereunder, the valuation date is the alternate valuation date. If the decedent's estate elects the alternate valuation date under section 2032 and also elects, under section 7520 and § 1.7520-2(b), to use the interest rate component for one of the 2 months preceding the alternate valuation date, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. The application of this paragraph (e)(4) may be illustrated by the following example:
D transfers $100,000 to a charitable remainder unitrust on January 1. The trust instrument requires that the trust pay 8 percent of the fair market value of the trust assets as of January 1st for a term of 12 years to D in quarterly payments (March 31, June 30, September 30, and December 31). The section 7520 rate for January (the month that the transfer occurred) is 9.6 percent. Under Table F(9.6) in paragraph (e)(6) of this section, the appropriate adjustment factor is .944628 for quarterly payments payable at the end of each quarter. The adjusted payout rate is 7.557 (8% × .944628). Based on the remainder factors in Table D in paragraph (e)(6) of this section, the present value of the remainder interest is $38,950.30, computed as follows:
Factor at 7.4 percent for 12 years .397495
Factor at 7.6 percent for 12 years .387314
Difference .010181
Less: Interpolation adjustment .007992
Interpolated factor .389503
($100,000 × .389503)..........$38,950.30
Period is the life of one individual.
If the period described in § 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is on or after May 1, 2009, is the factor in Table U(1) in paragraph (e)(7) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in paragraph (e)(4) of this section) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is between 4.2 and 14 percent, see paragraph (e)(7) of this section. If the adjusted payout rate is below 4.2 percent or greater than 14 percent, see paragraph (b) of this section.
The application of paragraph (e)(5)(i) of this section may be illustrated by the following example:
Actuarial Table D and F (4.2 through 14.0) for transfers for which the valuation date is after April 30, 1989. For transfers for which the valuation date is after April 30, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the section 7520 rate and the tables in this paragraph (e)(6). For transfers for which the valuation date is on or after May 1, 2009, where the present value of a charitable remainder unitrust interest is dependent on the termination of a life interest, see Paragraph (e)(5) of this section. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at http://www.irs.gov.
Table D-Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust
1 .958000 .956000 .954000 .952000 .950000 .948000 .946000 .944000 .942000 .940000
2 .917764 .913936 .910116 .906304 .902500 .898704 .894916 .891136 .887364 .883600
3 .879218 .873723 .868251 .862801 .857375 .851971 .846591 .841232 .835897 .830584
4 .842291 .835279 .828311 .821387 .814506 .807669 .800875 .794123 .787415 .780749
5 .806915 .798527 .790209 .781960 .773781 .765670 .757627 .749652 .741745 .733904
6 .773024 .763392 .753859 .744426 .735092 .725855 .716716 .707672 .698724 .689870
7 .740557 .729802 .719182 .708694 .698337 .688111 .678013 .668042 .658198 .648478
8 .709454 .697691 .686099 .674677 .663420 .652329 .641400 .630632 .620022 .609569
9 .679657 .666993 .654539 .642292 .630249 .618408 .606765 .595317 .584061 .572995
10 .651111 .637645 .624430 .611462 .598737 .586251 .573999 .561979 .550185 .538615
11 .623764 .609589 .595706 .582112 .568800 .555766 .543003 .530508 .518275 .506298
12 .597566 .582767 .568304 .554170 .540360 .526866 .513681 .500800 .488215 .475920
13 .572469 .557125 .542162 .527570 .513342 .499469 .485942 .472755 .459898 .447365
14 .548425 .532611 .517222 .502247 .487675 .473496 .459701 .446281 .433224 .420523
15 .525391 .509177 .493430 .478139 .463291 .448875 .434878 .421289 .408097 .395292
16 .503325 .486773 .470732 .455188 .440127 .425533 .411394 .397697 .384427 .371574
17 .482185 .465355 .449079 .433339 .418120 .403405 .389179 .375426 .362131 .349280
18 .461933 .444879 .428421 .412539 .397214 .382428 .368163 .354402 .341127 .328323
19 .442532 .425304 .408714 .392737 .377354 .362542 .348282 .334555 .321342 .308624
20 .423946 .406591 .389913 .373886 .358486 .343690 .329475 .315820 .302704 .290106
1 .938000 .936000 .934000 .932000 .930000 .928000 .926000 .924000 .922000 .920000
2 .879844 .876096 .872356 .868624 .864900 .861184 .857476 .853776 .850084 .846400
3 .825294 .820026 .814781 .809558 .804357 .799179 .794023 .788889 .783777 .778688
4 .774125 .767544 .761005 .754508 .748052 .741638 .735265 .728933 .722643 .716393
5 .726130 .718421 .710779 .703201 .695688 .688240 .680855 .673535 .666277 .659082
6 .681110 .672442 .663867 .655383 .646990 .638687 .630472 .622346 .614307 .606355
7 .638881 .629406 .620052 .610817 .601701 .592701 .583817 .575048 .566391 .557847
8 .599270 .589124 .579129 .569282 .559582 .550027 .540615 .531344 .522213 .513219
9 .562115 .551420 .540906 .530571 .520411 .510425 .500609 .490962 .481480 .472161
10 .527264 .516129 .505206 .494492 .483982 .473674 .463564 .453649 .443925 .434388
11 .494574 .483097 .471863 .460866 .450104 .439570 .429260 .419171 .409298 .399637
12 .463910 .452179 .440720 .429527 .418596 .407921 .397495 .387314 .377373 .367666
13 .435148 .423239 .411632 .400320 .389295 .378550 .368081 .357879 .347938 .338253
14 .408169 .396152 .384465 .373098 .362044 .351295 .340843 .330680 .320799 .311193
15 .382862 .370798 .359090 .347727 .336701 .326002 .315620 .305548 .295777 .286297
16 .359125 .347067 .335390 .324082 .313132 .302529 .292264 .282326 .272706 .263394
17 .336859 .324855 .313254 .302044 .291213 .280747 .270637 .260870 .251435 .242322
18 .315974 .304064 .292579 .281505 .270828 .260533 .250610 .241044 .231823 .222936
19 .296383 .284604 .273269 .262363 .251870 .241775 .232065 .222724 .213741 .205101
20 .278008 .266389 .255233 .244522 .234239 .224367 .214892 .205797 .197069 .188693
1 .918000 .916000 .914000 .912000 .910000 .908000 .906000 .904000 .902000 .900000
2 .842724 .839056 .835396 .831744 .828100 .824464 .820836 .817216 .813604 .810000
3 .773621 .768575 .763552 .758551 .753571 .748613 .743677 .738763 .733871 .729000
4 .710184 .704015 .697886 .691798 .685750 .679741 .673772 .667842 .661951 .656100
5 .651949 .644878 .637868 .630920 .624032 .617205 .610437 .603729 .597080 .590490
6 .598489 .590708 .583012 .575399 .567869 .560422 .553056 .545771 .538566 .531441
7 .549413 .541089 .532873 .524764 .516761 .508863 .501069 .493377 .485787 .478297
8 .504361 .495637 .487046 .478585 .470253 .462048 .453968 .446013 .438180 .430467
9 .463003 .454004 .445160 .436469 .427930 .419539 .411295 .403196 .395238 .387420
10 .425037 .415867 .406876 .398060 .389416 .380942 .372634 .364489 .356505 .348678
11 .390184 .380934 .371885 .363031 .354369 .345895 .337606 .329498 .321567 .313811
12 .358189 .348936 .339902 .331084 .322475 .314073 .305871 .297866 .290054 .282430
13 .328817 .319625 .310671 .301949 .293453 .285178 .277119 .269271 .261628 .254187
14 .301854 .292777 .283953 .275377 .267042 .258942 .251070 .243421 .235989 .228768
15 .277102 .268184 .259533 .251144 .243008 .235119 .227469 .220053 .212862 .205891
16 .254380 .245656 .237213 .229043 .221137 .213488 .206087 .198928 .192001 .185302
17 .233521 .225021 .216813 .208887 .201235 .193847 .186715 .179830 .173185 .166772
18 .214372 .206119 .198167 .190505 .183124 .176013 .169164 .162567 .156213 .150095
19 .196794 .188805 .181125 .173741 .166643 .159820 .153262 .146960 .140904 .135085
20 .180657 .172946 .165548 .158452 .151645 .145117 .138856 .132852 .127096 .121577
1 .898000 .896000 .894000 .892000 .890000 .888000 .886000 .884000 .882000 .880000
2 .806404 .802816 .799236 .795664 .792100 .788544 .784996 .781456 .777924 .774400
3 .724151 .719323 .714517 .709732 .704969 .700227 .695506 .690807 .686129 .681472
4 .650287 .644514 .638778 .633081 .627422 .621802 .616219 .610673 .605166 .599695
5 .583958 .577484 .571068 .564708 .558406 .552160 .545970 .539835 .533756 .527732
6 .524394 .517426 .510535 .503720 .496981 .490318 .483729 .477214 .470773 .464404
7 .470906 .463613 .456418 .449318 .442313 .435402 .428584 .421858 .415222 .408676
8 .422874 .415398 .408038 .400792 .393659 .386637 .379726 .372922 .366226 .359635
9 .379741 .372196 .364786 .357506 .350356 .343334 .336437 .329663 .323011 .316478
10 .341007 .333488 .326118 .318896 .311817 .304881 .298083 .291422 .284896 .278501
11 .306224 .298805 .291550 .284455 .277517 .270734 .264102 .257617 .251278 .245081
12 .274989 .267729 .260645 .253734 .246990 .240412 .233994 .227734 .221627 .215671
13 .246941 .239886 .233017 .226331 .219821 .213486 .207319 .201317 .195475 .189791
14 .221753 .214937 .208317 .201887 .195641 .189575 .183684 .177964 .172409 .167016
15 .199134 .192584 .186236 .180083 .174121 .168343 .162744 .157320 .152065 .146974
16 .178822 .172555 .166495 .160634 .154967 .149488 .144191 .139071 .134121 .129337
17 .160582 .154609 .148846 .143286 .137921 .132746 .127754 .122939 .118295 .113817
18 .144203 .138530 .133069 .127811 .122750 .117878 .113190 .108678 .104336 .100159
19 .129494 .124123 .118963 .114007 .109247 .104676 .100286 .096071 .092024 .088140
20 .116286 .111214 .106353 .101694 .097230 .092952 .088853 .084927 .081166 .077563
1 .878000 .876000 .874000 .872000 .870000 .868000 .866000 .864000 .862000 .860000
2 .770884 .767376 .763876 .760384 .756900 .753424 .749956 .746496 .743044 .739600
3 .676836 .672221 .667628 .663055 .658503 .653972 .649462 .644973 .640504 .636056
4 .594262 .588866 .583507 .578184 .572898 .567648 .562434 .557256 .552114 .547008
5 .521762 .515847 .509985 .504176 .498421 .492718 .487068 .481469 .475923 .470427
6 .458107 .451882 .445727 .439642 .433626 .427679 .421801 .415990 .410245 .404567
7 .402218 .395848 .389565 .383368 .377255 .371226 .365279 .359415 .353631 .347928
8 .353147 .346763 .340480 .334297 .328212 .322224 .316332 .310535 .304830 .299218
9 .310063 .303764 .297579 .291507 .285544 .279690 .273944 .268302 .262764 .257327
10 .272236 .266098 .260084 .254194 .248423 .242771 .237235 .231813 .226502 .221302
11 .239023 .233102 .227314 .221657 .216128 .210725 .205446 .200286 .195245 .190319
12 .209862 .204197 .198672 .193285 .188032 .182910 .177916 .173047 .168301 .163675
13 .184259 .178877 .173640 .168544 .163588 .158766 .154075 .149513 .145076 .140760
14 .161779 .156696 .151761 .146971 .142321 .137809 .133429 .129179 .125055 .121054
15 .142042 .137266 .132639 .128158 .123819 .119618 .115550 .111611 .107798 .104106
16 .124713 .120245 .115927 .111754 .107723 .103828 .100066 .096432 .092922 .089531
17 .109498 .105334 .101320 .097450 .093719 .090123 .086657 .083317 .080098 .076997
18 .096139 .092273 .088554 .084976 .081535 .078227 .075045 .071986 .069045 .066217
19 .084410 .080831 .077396 .074099 .070936 .067901 .064989 .062196 .059517 .056947
20 .074112 .070808 .067644 .064614 .061714 .058938 .056280 .053737 .051303 .048974
Table F(4.2)-With Interest at 4.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout
2 Factors for payout at the end of each period
1 1.000000 .989820 .984755 .981389
1 2 .996577 .986432 .981385 .978030
2 3 .993166 .983056 .978026
3 4 .989767 .979691 .974679
4 5 .986380 .976338
5 6 .983004 .972996
6 7 .979639 .969666
7 8 .976286
8 9 .972945
9 10 .969615
10 11 .966296
11 12 .962989
12 .959693
Table F(4.4)-With Interest at 4.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .989350 .984054 .980533
1 2 .996418 .985806 .980529 .977021
2 3 .992849 .982275 .977017
3 4 .989293 .978757 .973517
4 5 .985749 .975251
5 6 .982219 .971758
6 7 .978700 .968277
7 8 .975195
8 9 .971702
9 10 .968221
10 11 .964753
11 12 .961298
12 .957854
Table F(4.6)-With Interest at 4.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .988882 .983354 .979680
1 2 .996259 .985183 .979676 .976015
2 3 .992532 .981498 .976011
3 4 .988820 .977826 .972360
4 5 .985121 .974168
5 6 .981436 .970524
6 7 .977764 .966894
7 8 .974107
8 9 .970463
9 10 .966832
10 11 .963216
11 12 .959613
12 .956023
Table F(4.8)-With Interest at 4.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .988415 .982657 .978830
1 2 .996101 .984561 .978825 .975013
2 3 .992217 .980722 .975008
3 4 .988348 .976898 .971206
4 5 .984494 .973089
5 6 .980655 .969294
6 7 .976831 .965515
7 8 .973022
8 9 .969228
9 10 .965448
10 11 .961684
11 12 .957934
12 .954198
Table F(5.0)-With Interest at 5.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .987950 .981961 .977982
1 2 .995942 .983941 .977977 .974014
2 3 .991901 .979949 .974009
3 4 .987877 .975973 .970057
4 5 .983868 .972013
5 6 .979876 .968069
6 7 .975900 .964141
7 8 .971940
8 9 .967997
9 10 .964069
10 11 .960157
11 12 .956261
12 .952381
Table F(5.2)-With Interest at 5.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .987486 .981268 .977137
1 2 .995784 .983323 .977132 .973018
2 3 .991587 .979178 .973012
3 4 .987407 .975050 .968911
4 5 .983244 .970940
5 6 .979099 .966847
6 7 .974972 .962771
7 8 .970862
8 9 .966769
9 10 .962694
10 11 .958636
11 12 .954594
12 .950570
Table F(5.4)-With Interest at 5.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .987023 .980577 .976295
1 2 .995627 .982707 .976289 .972026
2 3 .991273 .978409 .972019
3 4 .986938 .974131 .967769
4 5 .982622 .969871
5 6 .978325 .965629
6 7 .974047 .961407
7 8 .969787
8 9 .965546
9 10 .961323
10 11 .957119
11 12 .952934
12 .948767
Table F(5.6)-With Interest at 5.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .986562 .979888 .975455
1 2 .995470 .982092 .975449 .971036
2 3 .990960 .977643 .971029
3 4 .986470 .973214 .966630
4 5 .982001 .968805
5 6 .977552 .964416
6 7 .973124 .960047
7 8 .968715
8 9 .964326
9 10 .959958
10 11 .955609
11 12 .951279
12 .946970
Table F(5.8)-With Interest at 5.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .986102 .979201 .974618
1 2 .995313 .981480 .974611 .970050
2 3 .990647 .976879 .970043
3 4 .986004 .972300 .965496
4 5 .981382 .967743
5 6 .976782 .963206
6 7 .972203 .958692
7 8 .967646
8 9 .963111
9 10 .958596
10 11 .954103
11 12 .949631
12 .945180
Table F(6.0)-With Interest at 6.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .985643 .978516 .973784
1 2 .995156 .980869 .973776 .969067
2 3 .990336 .976117 .969059
3 4 .985538 .971389 .964365
4 5 .980764 .966684
5 6 .976014 .962001
6 7 .971286 .957341
7 8 .966581
8 9 .961899
9 10 .957239
10 11 .952603
11 12 .947988
12 .943396
Table F(6.2)-With Interest at 6.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .985185 .977833 .972952
1 2 .995000 .980259 .972944 .968087
2 3 .990024 .975358 .968079
3 4 .985074 .970481 .963238
4 5 .980148 .965628
5 6 .975247 .960799
6 7 .970371 .955995
7 8 .965519
8 9 .960691
9 10 .955887
10 11 .951107
11 12 .946352
12 .941620
Table F(6.4)-With Interest at 6.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .984729 .977152 .972122
1 2 .994844 .979652 .972114 .967110
2 3 .989714 .974600 .967101
3 4 .984611 .969575 .962115
4 5 .979534 .964576
5 6 .974483 .959602
6 7 .969458 .954654
7 8 .964460
8 9 .959487
9 10 .954539
10 11 .949617
11 12 .944721
12 .939850
Table F(6.6)-With Interest at 6.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .984274 .976473 .971295
1 2 .994688 .979046 .971286 .966136
2 3 .989404 .973845 .966127
3 4 .984149 .968672 .960995
4 5 .978921 .963527
5 6 .973721 .958408
6 7 .968549 .953317
7 8 .963404
8 9 .958286
9 10 .953196
10 11 .948132
11 12 .943096
12 .938086
Table F(6.8)-With Interest at 6.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .983821 .975796 .970471
1 2 .994533 .978442 .970461 .965165
2 3 .989095 .973092 .965156
3 4 .983688 .967772 .959879
4 5 .978309 .962481
5 6 .972961 .957219
6 7 .967641 .951985
7 8 .962351
8 9 .957089
9 10 .951857
10 11 .946653
11 12 .941477
12 .936330
Table F(7.0)-With Interest at 7.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .983368 .975122 .969649
1 2 .994378 .977839 .969639 .964198
2 3 .988787 .972342 .964187
3 4 .983228 .966875 .958766
4 5 .977700 .961439
5 6 .972203 .956033
6 7 .966736 .950658
7 8 .961301
8 9 .955896
9 10 .950522
10 11 .945178
11 12 .939864
12 .934579
Table F(7.2)-With Interest at 7.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .982917 .974449 .968830
1 2 .994223 .977239 .968819 .963233
2 3 .988479 .971593 .963222
3 4 .982769 .965980 .957658
4 5 .977091 .960400
5 6 .971446 .954851
6 7 .965834 .949335
7 8 .960255
8 9 .954707
9 10 .949192
10 11 .943708
11 12 .938256
12 .932836
Table F(7.4)-With Interest at 7.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .982467 .973778 .968013
1 2 .994068 .976640 .968002 .962271
2 3 .988172 .970847 .962260
3 4 .982311 .965088 .956552
4 5 .976484 .959364
5 6 .970692 .953673
6 7 .964935 .948017
7 8 .959211
8 9 .953521
9 10 .947866
10 11 .942243
11 12 .936654
12 .931099
Table F(7.6)-With Interest at 7.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .982019 .973109 .967199
1 2 .993914 .976042 .967187 .961313
2 3 .987866 .970103 .961301
3 4 .981854 .964199 .955451
4 5 .975879 .958331
5 6 .969940 .952499
6 7 .964037 .946703
7 8 .958171
8 9 .952340
9 10 .946544
10 11 .940784
11 12 .935058
12 .929368
Table F(7.8)-With Interest at 7.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.0000000 .981571 .972442 .966387
1 2 .993761 .975447 .966374 .960357
2 3 .987560 .969361 .960345
3 4 .981398 .963312 .954353
4 5 .975275 .957302
5 6 .969190 .951329
6 7 .963143 .945393
7 8 .957133
8 9 .951161
9 10 .945227
10 11 .939329
11 12 .933468
12 .927644
Table F(8.0)-With Interest at 8.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .981125 .971777 .965578
1 2 .993607 .974853 .965564 .959405
2 3 .987255 .968621 .959392
3 4 980944 .962429 .953258
4 5 .974673 .956276
5 6 .968442 .950162
6 7 .962250 .944088
7 8 .956099
8 9 .949987
9 10 .943913
10 11 .937879
11 12 .931883
12 .925926
Table F(8.2)-With Interest at 8.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .980680 .971114 .964771
1 2 .993454 .974261 .964757 .958455
2 3 .986951 .967883 .958441
3 4 .980490 .961547 .952167
4 5 .974072 .955253
5 6 .967695 .949000
6 7 .961361 .942788
7 8 .955068
8 9 .948816
9 10 .942605
10 11 .936434
11 12 .930304
12 .924214
1 1.000000 .980237 .970453 .963966
1 2 .993301 .973670 .963952 .957509
2 3 .986647 .967148 .957494
3 4 .980037 .960669 .951080
4 5 .973472 .954233
5 6 .966951 .947841
6 7 .960473 .941491
7 8 .954039
8 9 .947648
9 10 .941300
10 11 .934994
11 12 .928731
12 .922509
Table F(8.6)-With Interest at 8.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .979794 .969794 .963164
1 2 .993148 .973081 .963149 .956565
2 3 .986344 .966414 .956550
3 4 .979586 .959793 .949996
4 5 .972874 .953217
5 6 .966209 .946686
6 7 .959589 .940199
7 8 .953014
8 9 .946484
9 10 .940000
10 11 .933559
11 12 .927163
12 .920810
Table F(8.8)-With Interest at 8.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .979353 .969136 .962364
1 2 .992996 .972494 .962349 .955624
2 3 .986041 .965683 .955609
3 4 .979135 .958919 .948916
4 5 .972278 .952203
5 6 .965468 .945534
6 7 .958706 .938912
7 8 .951992
8 9 .945324
9 10 .938703
10 11 .932129
11 12 .925600
12 .919118
Table F(9.0)-With Interest at 9.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .978913 .968481 .961567
1 2 .992844 .971908 .961551 .954686
2 3 .985740 .964954 .954670
3 4 .978686 .958049 .947839
4 5 .971683 .951193
5 6 .964730 .944387
6 7 .957826 .937629
7 8 .950972
8 9 .944167
9 10 .937411
10 11 .930703
11 12 .924043
12 .917431
Table F(9.2)-With Interest at 9.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .978474 .967827 .960772
1 2 .992693 .971324 .960755 .953752
2 3 .985439 .964226 .953734
3 4 .978238 .957180 .946765
4 5 .971089 .950186
5 6 .963993 .943242
6 7 .956949 .936350
7 8 .949956
8 9 .943014
9 10 .936123
10 11 .929283
11 12 .922492
12 .915751
Table F(9.4)-With Interest at 9.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain valuations
1 1.000000 .978037 .967176 .959980
1 2 .992541 .970742 .959962 .952820
2 3 .985138 .963501 .952802
3 4 .977790 .956315 .945695
4 5 .970497 .949182
5 6 .963258 .942102
6 7 .956074 .935075
7 8 .948942
8 9 .941865
9 10 .934839
10 11 .927867
11 12 .920946
12 .914077
Table F(9.6)-With Interest at 9.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain valuations
1 1.000000 .977600 .966526 .959190
1 2 .992390 .970161 .959171 .951890
2 3 .984838 .962778 .951872
3 4 .977344 .955452 .944628
4 5 .969906 .948181
5 6 .962526 .940965
6 7 .955201 .933805
7 8 .947932
8 9 .940718
9 10 .933560
10 11 .926455
11 12 .919405
12 .912409
Table F(9.8)-With Interest at 9.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .977165 .965878 .958402
1 2 .992239 .969582 .958382 .950964
2 3 .984539 .962057 .950945
3 4 .976898 .954591 .943565
4 5 .969317 .947183
5 6 .961795 .939832
6 7 .954331 .932539
7 8 .946924
8 9 .939576
9 10 .932284
10 11 .925049
11 12 .917870
12 .910747
Table F(10.0)-With Interest at 10.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .976731 .965232 .957616
Table F(10.2)-With Interest at 10.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .976298 .964588 .956833
1 2 .991939 .968428 .956812 .949120
2 3 .983943 .960622 .949099
3 4 .976011 .952878 .941448
4 5 .968143 .945196
5 6 .960338 .937577
6 7 .952597 .930019
7 8 .944918
8 9 .937301
9 10 .929745
10 11 .922250
11 12 .914816
12 .907441
Table F(10.4)-With Interest at 10.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .975867 .963946 .956052
1 2 .991789 .967854 .956031 .948202
2 3 .983645 .959907 .948181
3 4 .975568 .952025 .940395
4 5 .967558 .944208
5 6 .959613 .936455
6 7 .951734 .928765
7 8 .943919
8 9 .936168
9 10 .928481
10 11 .920858
11 12 .913296
12 .905797
Table F(10.6)-With Interest at 10.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .975436 .963305 .955274
1 2 .991639 .967281 .955252 .947287
2 3 .983349 .959194 .947265
3 4 .975127 .951174 .939345
4 5 .966974 .943222
5 6 .958890 .935336
6 7 .950873 .927516
7 8 .942923
8 9 .935039
9 10 .927222
10 11 .919470
11 12 .911782
12 .904159
Table F(10.8)-With Interest at 10.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .975007 .962667 .954498
1 2 .991490 .966710 .954475 .946375
2 3 .983052 .958483 .946352
3 4 .974687 .950327 .938299
4 5 .966392 .942239
5 6 .958168 .934221
6 7 .950014 .926271
7 8 .941930
8 9 .933914
9 10 .925966
10 11 .918086
11 12 .910273
12 .902527
Table F(11.0)-With Interest at 11.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .974579 .962030 .953724
1 2 .991341 .966140 .953700 .945466
2 3 .982757 .957774 .945442
3 4 .974247 .949481 .937255
4 5 .965811 .941260
5 6 .957449 .933109
6 7 .949158 .925029
7 8 .940939
8 9 .932792
9 10 .924715
10 11 .916708
11 12 .908770
12 .900901
Table F(11.2)-With Interest at 11.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .974152 .961395 .952952
1 2 .991192 .965572 .952927 .944559
2 3 .982462 .957068 .944534
3 4 .973809 .948638 .936215
4 5 .965232 .940283
5 6 .956731 .932001
6 7 .948304 .923792
7 8 .939952
8 9 .931673
9 10 .923467
10 11 .915333
11 12 .907272
12 .899281
Table F(11.4)-With Interest at 11.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .973726 .960762 .952183
1 2 .991044 .965005 .952157 .943655
2 3 .982168 .956363 .943630
3 4 .973372 .947798 .935178
4 5 .964654 .939309
5 6 .956015 .930896
6 7 .947452 .922559
7 8 .938967
8 9 .930557
9 10 .922223
10 11 .913964
11 12 .905778
12 .897666
Table F(11.6)-With Interest at 11.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .973302 .960130 .951416
1 2 .990896 .964440 .951389 .942754
2 3 .981874 .955660 .942728
3 4 .972935 .946959 .934145
4 5 .964077 .938338
5 6 .955300 .929795
6 7 .946603 .921330
7 8 .937985
8 9 .929445
9 10 .920984
10 11 .912599
11 12 .904290
12 .896057
Table F(11.8)-With Interest at 11.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .972878 .959501 .950651
1 2 .990748 .963877 .950624 .941855
2 3 .981582 .954959 .941828
3 4 .972500 .946124 .933114
4 5 .963502 .937370
5 6 .954588 .928698
6 7 .945756 .920105
7 8 .937006
8 9 .928337
9 10 .919748
10 11 .911238
11 12 .902807
12 .894454
Table F(12.0)-With Interest at 12.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .972456 .958873 .949888
1 2 .990600 .963315 .949860 .940960
2 3 .981289 .954260 .940932
3 4 .972065 .945290 .932087
4 5 .962928 .936405
5 6 .953877 .927603
6 7 .944911 .918884
7 8 .936029
8 9 .927231
9 10 .918515
10 11 .909882
11 12 .901329
12 .892857
Table F(12.2)-With Interest at 12.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .972034 .958247 .949128
1 2 .990453 .962754 .949099 .940067
2 3 .980997 .953563 .940038
3 4 .971632 .944460 .931063
4 5 .962356 .935443
5 6 .953168 .926512
6 7 .944069 .917667
7 8 .935056
8 9 .926129
9 10 .917287
10 11 .908530
11 12 .899856
12 .891266
Table F(12.4)-With Interest at 12.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .971614 .957623 .948370
1 2 .990306 .962195 .948340 .939176
2 3 .980706 .952868 .939147
3 4 .971199 .943631 .930043
4 5 .961785 .934484
5 6 .952461 .925425
6 7 .943228 .916454
7 8 .934085
8 9 .925030
9 10 .916063
10 11 .907183
11 12 .898389
12 .889680
Table F(12.6)-With Interest at 12.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .971195 .957000 .947614
1 2 .990159 .961638 .947583 .938289
2 3 .980416 .952175 .938258
3 4 .970768 .942805 .929025
4 5 .961215 .933527
5 6 .951756 .924341
6 7 .942390 .915245
7 8 .933117
8 9 .923934
9 10 .914842
10 11 .905840
11 12 .896926
12 .888099
Table F(12.8)-With Interest at 12.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .970777 .956379 .946860
1 2 .990013 .961082 .946828 .937403
2 3 .980126 .951484 .937372
3 4 .970337 .941981 .928011
4 5 .960647 .932574
5 6 .951053 .923260
6 7 .941554 .914040
7 8 .932151
8 9 .922842
9 10 .913625
10 11 .904501
11 12 .895468
12 .886525
Table F(13.0)-With Interest at 13.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .970360 .955760 .946108
1 2 .989867 .960528 .946075 .936521
2 3 .979836 .950795 .936489
3 4 .969908 .941160 .926999
4 5 .960079 .931623
5 6 .950351 .922183
6 7 .940721 .912838
7 8 .931188
8 9 .921753
9 10 .912412
10 11 .903167
11 12 .894015
12 .884956
Table F(13.2)-With Interest at 13.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .969945 .955143 .945359
1 2 .989721 .959975 .945325 .935641
2 3 .979548 .950107 .935608
3 4 .969479 .940341 .925991
4 5 .959514 .930675
5 6 .949651 .921109
6 7 .939889 .911641
7 8 .930228
8 9 .920667
9 10 .911203
10 11 .901837
11 12 .892567
12 .883392
Table F(13.4)-With Interest at 13.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .969530 .954527 .944611
1 2 .989575 .959423 .944577 .934764
2 3 .979260 .949422 .934730
3 4 .969051 .939524 .924986
4 5 .958949 .929730
5 6 .948953 .920038
6 7 .939060 .910447
7 8 .929271
8 9 .919584
9 10 .909998
10 11 .900511
11 12 .891124
12 .881834
Table F(13.6)-With Interest at 13.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .969117 .953913 .943866
1 2 .989430 .958873 .943831 .933890
2 3 .978972 .948738 .933854
3 4 .968624 .938710 .923984
4 5 .958386 .928788
5 6 .948256 .918971
6 7 .938233 .909257
7 8 .928316
8 9 .918504
9 10 .908796
10 11 .899190
11 12 .889686
12 .880282
Table F(13.8)-With Interest at 13.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 1.000000 .968704 .953301 .943123
1 2 .989285 .958325 .943087 .933018
2 3 .978685 .948056 .932982
3 4 .968199 .937898 .922985
4 5 .957824 .927849
5 6 .947561 .917907
6 7 .937408 .908072
7 8 .927364
8 9 .917428
9 10 .907598
10 11 .897873
11 12 .888252
12 .878735
Table F(14.0)-With Interest at 14.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
1 Number of months by which the valuation date for the first rull taxable year of the trust precedes the first payout
1 1.000000 .968293 .952691 .942382
1 2 .989140 .957778 .942345 .932148
2 3 .978399 .947377 .932111
3 4 .967774 .937088 .921989
4 5 .957264 .926912
5 6 .946868 .916846
6 7 .936586 .906889
7 8 .926415
8 9 .916354
9 10 .906403
10 11 .896560
11 12 .886824
12 .877193
Actuarial Table U(1) for transfers for which the valuation date is on or after May 1, 2009. For transfers for which the valuation date is on or after May 1, 2009, the present value of a charitable remainder unitrust interest that is dependent on the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (e)(7) and Table F(4.2) through (14.0) in paragraph (e)(6) of this section. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication is available, at no charge, electronically via the IRS Internet site at http://www.irs.gov.
[T.D. 8540, 59 FR 30117, June 10, 1994, as amended by T.D. 8819, 64 FR 23199, Apr. 30, 1999; T.D. 8886, 65 FR 36919, 36943, June 12, 2000; T.D. 9448, 74 FR 21465, May 7, 2009; T.D. 9540, 76 FR 49595, Aug. 10, 2011]