26 CFR § 1.6644  Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.
(a) 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 § 1.6643) 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—
(1) Life contingencies determined as to each life involved, from the values of lX set forth in Table 2010CM in § 20.20317(d)(7)(ii) of this chapter in the case of transfers for which the valuation date is on or after June 1, 2023; or from Table 2000CM contained in § 20.20317A(g)(4) of this chapter in the case of transfers for which the valuation date is on or after May 1, 2009, and before June 1, 2023. See § 20.20317A(a) through (f) of this chapter, whichever is applicable, for transfers for which the valuation date is before May 1, 2009;
(2) 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 § 20.20317A (a) through (c) of this chapter, whichever is applicable, for transfers for which the valuation date is before December 1, 1983; and
(3) The assumption that the amount described in § 1.6643(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.
(b) 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 1.75201(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.
(c) 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.
(d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.6643) for transfers for which the valuation date is on or after June 1, 2023, 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 § 1.6643) for transfers for which the valuation date is before June 1, 2023, is its present value determined under the following sections:
Table 1 to Paragraph (d)
Valuation dates  Applicable
regulations 


After  Before  
010152  1.6644A(a)  
123151  010171  1.6644A(b) 
123170  120183  1.6644A(c) 
113083  050189  1.6644A(d) 
043089  050199  1.6644A(e) 
043099  050109  1.6644A(f) 
043009  060123  1.6644A(g) 
(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is on or after June 1, 2023—(1) 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 June 1, 2023, the present value of a remainder interest is determined under paragraphs (e)(3) through (7) of this section, provided that, in a short taxable year, the trustee must prorate the unitrust amount as provided in § 1.6643(a)(1)(v). See, however, § 1.75203(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).
(2) Transitional rule for valuation of charitable remainder unitrusts. For purposes of section 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is after April 30, 2019, and on or before June 1, 2023, the present value of a remainder interest based on one or more measuring lives is determined under this section by using the section 7520 interest rate for the month in which the valuation date occurs (see §§ 1.75201(b) and 1.75202(a)(2)) and the appropriate actuarial factors derived from the selected mortality table, either Table 2010CM in § 20.20317(d)(7)(ii) of this chapter or Table 2000CM in § 20.20317A(g)(4) of this chapter, at the option of the donor or the decedent's executor, as the case may be. If any previously filed income tax return is amended to use the actuarial factors based on Table 2010CM, the amended return must state at the top “AMENDED PURSUANT TO TD 9974.” If any previously filed gift or estate tax return is supplemented to use the actuarial factors based on Table 2010CM, the supplemental return must state at the top “SUPPLEMENTED PURSUANT TO TD 9974.” For the convenience of taxpayers, actuarial factors based on Table 2010CM appear in the current version of Table U(1), and actuarial factors based on Table 2000CM appear in the previous version of Table U(1). Both versions of Table U(1) currently are available, at no charge, electronically via the IRS website at https://www.irs.gov/retirementplans/actuarialtables (or a corresponding URL as may be updated from time to time). The donor or decedent's executor must consistently use the same mortality basis with respect to each interest (income, remainder, partial, etc.) in the same property, and with respect to all transfers occurring on the same valuation date. For example, gift and income tax charitable deductions with respect to the same transfer must be determined based on factors with the same mortality basis, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on factors with the same mortality basis.
(3) 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 § 1.6643(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.
(4) Period is a term of years. If the period described in § 1.6643(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 § 1.75202(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 § 1.75202(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:
Factor at 7.4 percent for 12 years  .397495 

Factor at 7.6 percent for 12 years  .387314 
Difference  .010181 
Factor at 7.4 percent for 12 years  .397495 

Less: Interpolation adjustment  .007992 
Interpolated factor  .389503 
(5) Period is the life of one individual—(i) Factor. If the period described in § 1.6643(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 June 1, 2023, is the factor obtained through the use of the formula in Figure 1 to this paragraph (e)(5)(i) to at least five decimal places. The prescribed mortality table is Table 2010CM as set forth in § 20.20317(d)(7)(ii) of this chapter, or for periods before June 1, 2023, the appropriate table found in § 20.20317A of this chapter. Table 2010CM is referenced by IRS Publication 1458, Actuarial Values Version 4B. The mortality tables prescribed for periods before June 1, 2023, are referenced by prior versions of IRS Publication 1458. Alternatively, the remainder factors have been determined for the convenience of taxpayers and appear in Table U(1) under the appropriate adjusted payout rate. Table U(1) currently is available, at no charge, electronically via the IRS website at https://www.irs.gov/retirementplans/actuarialtables (or a corresponding URL as may be updated from time to time). Table U(1) is referenced and explained by IRS Publication 1458, Actuarial Valuations Version 4B, which will be available within a reasonable time after June 1, 2023. 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, an exact method of obtaining the applicable remainder factors (such as through software using the actual adjusted payout rate and the actuarial formula in this paragraph (e)(5)) or a linear interpolation must be used, provided whichever method used is applied consistently in valuing all interests in the same property. The applicable remainder factors derived by an exact method or by interpolation must be expressed to at least five decimal places. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in § 1.6644(e)(4)) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is from 0.2 to 20.0 percent, inclusive, taxpayers may see the actuarial tables referenced and explained by IRS Publication 1458, Actuarial Valuations Version 4B. Alternatively, the Commissioner may supply a factor upon a request for a ruling. See paragraph (b) of this section.
(ii) Sample factors from actuarial Table U(1). For purposes of the example in paragraph (e)(5)(iii) of this section, the following factors from Table U(1) and Table F(3.2) (see paragraph (e)(6)(ii) of this section) will be used:
Table 2 to Paragraph (e)(5)(ii)
Factors From Table U(1)—Based on Table 2010CM
Adjusted payout rate  

Age  4.8%  5.0%  5.2% 
77  0.61491  0.60343  0.59223 






# of Months from Annual Valuation to First Payout  Adjustment Factors for Payments at End of Period  
At Least  But Less Than  Annual  Semiannual 
6  7  0.984374  0.976683 
(iii) Example of interpolation. After June 1, 2023, A, whose age is 76 years and 11 months, transfers $100,000 to a charitable remainder unitrust on January 1st. The trust instrument requires that the trust pay to A semiannually (on June 30 and December 31) 5 percent of the fair market value of the trust assets as of January 1st during A's life. The section 7520 rate for January is 3.2 percent. Under Table F(3.2), the appropriate adjustment factor is 0.976683 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 4.883% (5% × 0.976683). Based on interpolating between the remainder factors in Table U(1), the present value of the remainder interest is $61,015, computed as illustrated in Figure 2 to this paragraph (e)(5)(iii).
(6) Actuarial Table D and Tables F(0.2) through F(20.0) for transfers for which the valuation date is on or after May 1, 1989—(i) Remainder factors for charitable remainder unitrusts. For transfers for which the valuation date is on or after May 1, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the formula in Figure 3 to this paragraph (e)(6)(i) and calculating the final result to at least six decimal places. For the convenience of taxpayers, actuarial factors have been computed by the IRS and appear in Table D. Table D can be found on the IRS website at https://www.irs.gov/retirementplans/actuarialtables (or a corresponding URL as may be updated from time to time). Table D is referenced and explained in IRS Publication 1458, Actuarial Valuations Version 4B, which will be available within a reasonable time after June 1, 2023. The remainder factors from Table D also can be found in paragraph (e)(6)(iii) of this section, but only for adjusted payout rates from 4.2 to 14 percent, inclusive. For transfers for which the valuation date is on or after June 1, 2023, 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, § 1.75203(b) (relating to exceptions to the use of prescribed tables under certain circumstances).
(ii) Unitrust payout rate adjustment factors. For transfers for which the valuation date is on or after May 1, 1989, the unitrust payout rate adjustment factors are determined by using the formula in Figure 4 to this paragraph (e)(6)(ii) and calculating the final result to at least six decimal places. For the convenience of taxpayers, actuarial factors have been computed by the IRS, for interest rates from 0.2 to 20 percent, inclusive, and appear in Tables F(0.2) through F(20.0). Tables F(0.2) through F(20.0) can be found on the IRS website at https://www.irs.gov/retirementplans/actuarialtables (or a corresponding URL as may be updated from time to time). Tables F(0.2) through F(20.0) are referenced and explained in IRS Publication 1458, Actuarial Valuations Version 4B, which will be available within a reasonable time after June 1, 2023. The factors from Table F also can be found in paragraph (e)(6)(iii) of this section, but only for interest rates from 4.2 to 14 percent, inclusive.
(iii) Table D and Tables F(4.2) through F(14.0). The unitrust remainder factors from Table D, for interest rates from 4.2 to 14 percent, inclusive, and the unitrust payout factors from Tables F(4.2) through F(14.0) are as follows:
Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust
[Applicable after April 30, 1989]
Years  Adjusted payout rate  

4.2%  4.4%  4.6%  4.8%  5.0%  5.2%  5.4%  5.6%  5.8%  6.0%  
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 
Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust
[Applicable after April 30, 1989]
Years  Adjusted payout rate  

6.2%  6.4%  6.6%  6.8%  7.0%  7.2%  7.4%  7.6%  7.8%  8.0%  
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 
Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust
[Applicable after April 30, 1989]
Years  Adjusted payout rate  

8.2%  8.4%  8.6%  8.8%  9.0%  9.2%  9.4%  9.6%  9.8%  10.0%  
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 
Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust
[Applicable after April 30, 1989]
Years  Adjusted payout rate  

10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%  11.6%  11.8%  12.0%  
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 
Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust
[Applicable after April 30, 1989]
Years  Adjusted payout rate  

12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%  13.6%  13.8%  14.0%  
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly 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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
Table F(8.2)—With Interest at 8.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
1  1.000000  .976731  .965232  .957616  
1  2  .992089  .969004  .957596  .950041 
2  3  .984240  .961338  .950021  
3  4  .976454  .953733  .942505  
4  5  .968729  .946188  
5  6  .961066  .938703  
6  7  .953463  .931277  
7  8  .945920  
8  9  .938436  
9  10  .931012  
10  11  .923647  
11  12  .916340  
12  .909091 
Table F(10.2)—With Interest at 10.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  but less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  but less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
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 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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
[Applicable after April 30, 1989]
1
Number of months by which the valuation date for the first rull taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
(7) Actuarial Table U(1) for transfers for which the valuation date is on or after June 1, 2023. The present value of a remainder interest in a charitable remainder unitrust that is dependent on the termination of a life interest is determined by using the section 7520 rate, Tables F(0.2) through (20.0) (see paragraph (e)(6)(ii) of this section), and the formula in paragraph (e)(5)(i) of this section to derive a remainder factor from the appropriate mortality table to at least five decimal places. For the convenience of taxpayers, actuarial factors have been computed by the IRS and appear in Table U(1). For transfers for which the valuation date is on or after June 1, 2023, the actuarial tables are currently available, at no charge, electronically via the IRS website at https://www.irs.gov/retirementplans/actuarialtables. These actuarial tables are referenced and explained by IRS Publication 1458, Actuarial Valuations Version 4B (2023). This publication will be available within a reasonable time after June 1, 2023. See, however, § 1.75203(b) (relating to exceptions to the use of prescribed tables under certain circumstances).
(f) Applicability date. This section applies on and after June 1, 2023.