§ 20.2052-1. Exemption.
69 words·~1 min read·
/us/cfr/t26/s§ 20.2052-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An exemption of $60,000 is allowed as a deduction under section 2052 from the gross estate of a decedent who was a citizen or resident of the United States at the time of his death. For the amount of the exemption allowed as a deduction from the gross estate of a decedent who was a nonresident not a citizen of the United States, see paragraph (a)(3) of § 20.2106-1.