Taxable amount in case of direct skip
26 U.S.C. § 2623
in effectFor purposes of this chapter, the taxable amount in the case of a direct skip shall be the value of the property received by the transferee.
Source: OLRC USLMURL: https://uscode.house.gov/download/releasepoints/us/pl/119/95/xml_usc26@119-95.zipFetched: 6/4/2026
