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For purposes of this chapter, the taxable amount in the case of a direct skip shall be the value of the property received by the transferee.
Cite this article: FindLaw.com - 26 U.S.C. § 2623 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 2623. Taxable amount in case of direct skip - last updated January 01, 2018 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-2623/
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