26 USC 663 - Special rules applicable to sections 661 and 662

U.S Code last checked for updates: Nov 14, 2026

§ 663.

Special rules applicable to sections 661 and 662

(a)

Exclusions

There shall not be included as amounts falling within section 661(a) or 662(a)—

(1)

Gifts, bequests, etc.

(2)

Charitable, etc., distributions

(3)

Denial of double deduction

(b)

Distributions in first sixty-five days of taxable year

(1)

General rule

(2)

Limitation

(c)

Separate shares treated as separate estates or trusts

(Aug. 16, 1954, ch. 736, 68A Stat. 222; Pub. L. 91–172, title I, § 101(j)(17), title III, § 331(b), Dec. 30, 1969, 83 Stat. 528, 598; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834;

cite as: 26 USC 663