26Title 26The US tax code, read & explained

26 U.S.C. § 6019

§ 6019. Gift tax returns

165 words · amended 5 times · cited by 4 other sections

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No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Part of the code since 1954. Last changed December 17, 2010 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

Every change, newest first (6)
  1. December 17, 2010Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
  2. June 7, 2001Economic Growth and Tax Relief Reconciliation Act of 2001
  3. August 5, 1997Taxpayer Relief Act of 1997
  4. August 13, 1981Economic Recovery Tax Act of 1981
  5. December 31, 1970Public Law 91-614
  6. August 16, 1954Internal Revenue Code of 1954 (original text)

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Any individual who in any calendar year makes any transfer by gift other than—

(1)

a transfer which under subsection (b) or (e) of section 2503 is not to be included in the total amount of gifts for such year,

(2)

a transfer of an interest with respect to which a deduction is allowed under section 2523, or

(3)

a transfer with respect to which a deduction is allowed under section 2522 but only if—

(A)
(i)

such transfer is of the donor’s entire interest in the property transferred, and

(ii)

no other interest in such property is or has been transferred (for less than adequate and full consideration in money or money’s worth) from the donor to a person, or for a use, not described in subsection (a) or (b) of section 2522, or

(B)

such transfer is described in section 2522(d),

shall make a return for such year with respect to the gift tax imposed by subtitle B.