26 C.F.R. § 1.665(b)-3 Exclusions under section 663(a)(1).
Title 26 - Internal Revenue
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.
Title 26: Internal Revenue
PART 1—INCOME TAXES
treatment of excess distributions of trusts applicable to taxable years beginning before january 1, 1969
§ 1.665(b)-3 Exclusions under section 663(a)(1).
