26 CFR § 25.2522(c)-4
Disallowance of double deduction in the case of qualified terminable interest property
June 25, 2020
No deduction is allowed under section 2522 for the transfer of an interest in property if a deduction is taken from the total amount of gifts with respect to that property by reason of section 2523(f). See §25.2523(h)-1.
[T.D. 8522, 59 FR 9658, Mar. 1, 1994]
Tried the LawStack mobile app?
Join thousands and try LawStack mobile for FREE today.
- Carry the law offline, wherever you go.
- Download CFR, USC, rules, and state law to your mobile device.
