Amounts paid under the laws of a State, the District of Columbia, a possession of the United States, or a foreign country as income to the holder of a life or terminable interest acquired by gift, bequest, or inheritance shall not be reduced or diminished by any deduction for shrinkage (by whatever name called) in the value of such interest due to the lapse of time.
Cited in 1 Tax Court opinion, 1 order, and 1 brief.
Current through Pub. L. 119-102 (2026-07-12).
← Back to Internal Revenue Code
This is a Docket.tax digital transcription provided for reference only and may lag the very latest amendments — always confirm against the official U.S. Code linked above. Docket.tax is an independent tool, not affiliated with, endorsed by, or operated by the Office of the Law Revision Counsel or the U.S. Tax Court.