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26 U.S.C. § 2519 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 2519. Dispositions of certain life estates

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(a)?General rule.--For purposes of this chapter and chapter 11, any disposition of all or part of a qualifying income interest for life in any property to which this section applies shall be treated as a transfer of all interests in such property other than the qualifying income interest.

(b)?Property to which this subsection applies.--This section applies to any property if a deduction was allowed with respect to the transfer of such property to the donor--

(1)?under section 2056 by reason of subsection (b)(7) thereof, or

(2)?under section 2523 by reason of subsection (f) thereof.

(c)?Cross reference.--

For right of recovery for gift tax in the case of property treated as transferred under this section, see section 2207A(b).

Cite this article: FindLaw.com - 26 U.S.C. § 2519 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 2519. Dispositions of certain life estates - last updated January 01, 2018 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-2519/


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