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nontaxable gift

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 2642 — for purposes of this chapter

For purposes of this subsection, the term “nontaxable gift” means any transfer of property to the extent such transfer is not treated as a taxable gift by reason of—

(A) section 2503(b) (taking into account the application of section 2513), or

(B) section 2503(e).