26 U.S.C. § 102
Gifts and inheritances
# (a) General rule
Gross income does not include the value of property acquired by gift, bequest, devise, or inheritance.
# (b) Income
Subsection (a) shall not exclude from gross income— (1) the income from any property referred to in subsection (a); or (2) where the gift, bequest, devise, or inheritance is of income from property, the amount of such income. Where, under the terms of the gift, bequest, devise, or inheritance, the payment, crediting, or distribution thereof is to be made at intervals, then, to the extent that it is paid or credited or to be distributed out of income from property, it shall be treated for purposes of paragraph (2) as a gift, bequest, devise, or inheritance of income from property. Any amount included in the gross income of a beneficiary under subchapter J shall be treated for purposes of paragraph (2) as a gift, bequest, devise, or inheritance of income from property.
# (c) Employee gifts
(1) In general Subsection (a) shall not exclude from gross income any amount transferred by or for an employer to, or for the benefit of, an employee. (2) Cross references For provisions excluding certain employee achievement awards from gross income, see section 74(c). For provisions excluding certain de minimis fringes from gross income, see section 132(e).
Source: view the official text
Cited by 29
- 26 CFR § 1.102-1 — Gifts and inheritances.
- 26 CFR § 1.1092(b)-1T — Coordination of loss deferral rules and wash sale rules (temporary).
- 26 CFR § 1.1092(b)-2T — Treatment of holding periods and losses with respect to straddle positions (temporary).
- 26 CFR § 1.1092(b)-5T — Definitions (temporary).
- 26 CFR § 1.117-1 — Exclusion of amounts received as a scholarship or fellowship grant.
- 26 CFR § 1.1235-2 — Definition of terms.
- 26 CFR § 1.1337-1 — Determination of tax benefits from allowable deductions.
- 26 CFR § 1.1377-1 — Pro rata share.
- 26 CFR § 1.25A-5 — Special rules relating to characterization and timing of payments.
- 26 CFR § 1.274-3 — Disallowance of deduction for gifts.
- 26 CFR § 1.46-1 — Determination of amount.
- 26 CFR § 1.61-2 — Compensation for services, including fees, commissions, and similar items.
Show 17 more
- 26 CFR § 1.61-22 — Taxation of split-dollar life insurance arrangements.
- 26 CFR § 1.861-20 — Allocation and apportionment of foreign income taxes.
- 26 CFR § 1.864-5 — Foreign source income effectively connected with U.S. business.
- 26 CFR § 2.1 — Statutory provisions; sections 511 and 905, Merchant Marine Act, 1936, and related statutes.
- 26 CFR § 301.9100-6T — Time and manner of making certain elections under the Deficit Reduction Act of 1984.
- 26 CFR § 31.3121(i)-2 — Computation of remuneration for service performed by an individual as a member of a uniformed service.
- 26 CFR § 54.4980F-1 — Notice requirements for certain pension plan amendments significantly reducing the rate of future benefit accrual.
- 26 CFR § 54.9815-2715 — Summary of benefits and coverage and uniform glossary.
- 26 U.S.C. § 135 — Income from United States savings bonds used to pay higher education tuition and fees
- 26 U.S.C. § 25A — American Opportunity and Lifetime Learning credits
- 26 U.S.C. § 274 — Disallowance of certain entertainment, etc., expenses
- 26 U.S.C. § 3132 — Payroll credit for paid family leave
- 26 U.S.C. § 45S — Employer credit for paid family and medical leave
- 26 U.S.C. § 62 — Adjusted gross income defined
- 26 U.S.C. § 6433 — Saver’s Match
- 26 U.S.C. § 7526A — Return preparation programs for applicable taxpayers
- 26 U.S.C. § 9506 — Inland Waterways Trust Fund
Nearby sections (25 sections)
- 81 · Repealed. Pub. L. 100–203, title X, § 10201(b)(1), Dec. 22, 1987,…
- 82 · Reimbursement of moving expenses
- 83 · Property transferred in connection with performance of services
- 84 · Transfer of appreciated property to political organizations
- 85 · Unemployment compensation
- 86 · Social security and tier 1 railroad retirement benefits
- 87 · Alcohol and biodiesel fuels credits
- 88 · Certain amounts with respect to nuclear decommissioning costs
- 89 · Repealed. Pub. L. 101–140, title II, § 202(a), Nov. 8, 1989, 103…
- 90 · Illegal Federal irrigation subsidies
- 91 · Certain foreign branch losses transferred to specified 10-percent…
- 101 · Certain death benefits
- 102 · Gifts and inheritances
- 103 · Interest on State and local bonds
- 103A · Repealed. Pub. L. 99–514, title XIII, § 1301(j)(1), Oct. 22,…
- 104 · Compensation for injuries or sickness
- 105 · Amounts received under accident and health plans
- 106 · Contributions by employer to accident and health plans
- 107 · Rental value of parsonages
- 108 · Income from discharge of indebtedness
- 109 · Improvements by lessee on lessor’s property
- 110 · Qualified lessee construction allowances for short-term leases
- 111 · Recovery of tax benefit items
- 112 · Certain combat zone compensation of members of the Armed Forces
- 113 · Repealed. Pub. L. 101–508, title XI, § 11801(a)(7), Nov. 5, 1990,…