§ 855. Dividends paid by regulated investment company after close of taxable year
(a)
General rule
For purposes of this chapter, if a regulated investment company—
(2)
distributes the amount of such dividend to shareholders in the 12-month period following the close of such taxable year and not later than the date of the first dividend payment of the same type of dividend made after such declaration,
the amount so declared and distributed shall, to the extent the company elects in such return in accordance with regulations prescribed by the Secretary, be considered as having been paid during such taxable year, except as provided in subsections (b) and (c). For purposes of paragraph (2), a dividend attributable to any short-term capital gain with respect to which a notice is required under the Investment Company Act of 1940 shall be treated as the same type of dividend as a capital gain dividend.
(c)
Foreign tax election
If an investment company to which section
853 is applicable for the taxable year makes a distribution as provided in subsection (a) of this section, the shareholders shall consider the amounts described in section
853
(b)(2) allocable to such distribution as paid or received, as the case may be, in the taxable year in which the distribution is made.