§ 1.665(b)-3. (b)-3 Exclusions under section 663(a)(1).
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/us/cfr/t26/s§ 1.665(b)-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subpart D (section 665 and following), part I, subchapter J, chapter 1 of the Code, has no application to an amount which qualifies as an exclusion under section 663(a)(1), relating to gifts, bequests, etc.