Treasury Regulations (26 C.F.R.)
26 CFR § 20.2053-5
Deductions for charitable, etc., pledges or subscriptions.
Official textecfr.govlast amended
# (a)
A pledge or a subscription, evidenced by a promissory note or otherwise, even though enforceable against the estate, is deductible (subject to any applicable limitations in § 20.2053-1) only to the extent that—
(1) Liability therefor was contracted bona fide and for an adequate and full consideration in cash or its equivalent, or
(2) It would have constituted an allowable deduction under section 2055 (relating to charitable, etc., deductions) if it had been a bequest.
# (b) Effective/applicability date.
This section applies to the estates of decedents dying on or after October 20, 2009.
[T.D. 6296, 23 FR 4529, June 24, 1958, as amended at T.D. 9468, 74 FR 53664, Oct. 20, 2009]
Source: view the official text
In this part (40 sections)
- 20.2039-3 · Lump sum distributions under “qualified plans;” decedents…
- 20.2039-4 · Lump sum distributions from “qualified plans;” decedents…
- 20.2039-5 · Annuities under individual retirement plans.
- 20.2040-1 · Joint interests.
- 20.2041-1 · Powers of appointment; in general.
- 20.2041-2 · Powers of appointment created on or before October 21, 1942.
- 20.2041-3 · Powers of appointment created after October 21, 1942.
- 20.2042-1 · Proceeds of life insurance.
- 20.2043-1 · Transfers for insufficient consideration.
- 20.2044-1 · Certain property for which marital deduction was previously…
- 20.2044-2 · Effective dates.
- 20.2045-1 · Applicability to pre-existing transfers or interests.
- 20.2046-1 · Disclaimed property.
- 20.2031-7A · Valuation of annuities, interests for life or a term of…
- 20.2051-1 · Definition of taxable estate.
- 20.2052-1 · Exemption.
- 20.2053-1 · Deductions for expenses, indebtedness, and taxes; in…
- 20.2053-2 · Deduction for funeral expenses.
- 20.2053-3 · Deduction for expenses of administering estate.
- 20.2053-4 · Deduction for claims against the estate.
- 20.2053-5 · Deductions for charitable, etc., pledges or subscriptions.
- 20.2053-6 · Deduction for taxes.
- 20.2053-7 · Deduction for unpaid mortgages.
- 20.2053-8 · Deduction for expenses in administering property not…
- 20.2053-9 · Deduction for certain State death taxes.
- 20.2053-10 · Deduction for certain foreign death taxes.
- 20.2054-1 · Deduction for losses from casualties or theft.
- 20.2055-1 · Deduction for transfers for public, charitable, and…
- 20.2055-2 · Transfers not exclusively for charitable purposes.
- 20.2055-3 · Effect of death taxes and administration expenses.
- 20.2055-4 · Disallowance of charitable, etc., deductions because of…
- 20.2055-5 · Disallowance of charitable, etc., deductions in the case of…
- 20.2055-6 · Disallowance of double deduction in the case of qualified…
- 20.2056-0 · Table of contents.
- 20.2056(a)-1 · (a)-1 Marital deduction; in general.
- 20.2056(a)-2 · (a)-2 Marital deduction; “deductible interests” and…
- 20.2056(b)-1 · (b)-1 Marital deduction; limitation in case of life…
- 20.2056(b)-2 · (b)-2 Marital deduction; interest in unidentified assets.
- 20.2056(b)-3 · (b)-3 Marital deduction; interest of spouse conditioned…
- 20.2056(b)-4 · (b)-4 Marital deduction; valuation of interest passing…