Federal · Title 26 — Internal Revenue Code
26 U.S.C. § 2622: Taxable amount in case of taxable termination
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the value of all property with respect to which the taxable termination has occurred, reduced by any deduction allowed under subsection (b). For purposes of subsection (a), there shall be allowed a deduction similar to the deduction allowed by section 2053 (relating to expenses, indebtedness, and taxes) for amounts attributable to the property with respect to which the taxable termination has occurred.
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