26 U.S.C. § 6019 — Gift tax returns
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 160 words · no verdicts yet
An individual who makes a transfer by gift during a calendar year must make a gift-tax return for that year, unless the transfer falls within one of the specific exclusions in this section. One exclusion applies only when the stated conditions for a section 2522 deduction are met.
An individual who makes any "transfer by gift" (a term this section does not define) during a calendar year must make a return for that year for the gift tax imposed by subtitle B, unless the transfer is one of these:
(1) A transfer that, under subsection (b) or (e) of section 2503, is not included in the total amount of gifts for that year.
(2) A transfer of an interest for which a deduction is allowed under section 2523.
(3) A transfer for which a deduction is allowed under section 2522, but only if either of these conditions applies:
(A) Both of these statements are true:
(i) The transfer is of the donor’s entire interest in the property transferred; and
(ii) No other interest in that property has been transferred, or is transferred, from the donor for less than "adequate and full consideration in money or money’s worth" (a term this section does not define) to a person or for a use not described in subsection (a) or (b) of section 2522.
(B) The transfer is described in section 2522(d).
Any individual who in any calendar year makes any transfer by gift other than—
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,
a transfer of an interest with respect to which a deduction is allowed under section 2523, or
a transfer with respect to which a deduction is allowed under section 2522 but only if—
such transfer is of the donor’s entire interest in the property transferred, and
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
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.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 739; Pub. L. 91–614, title I, § 102(d)(3), Dec. 31, 1970, 84 Stat. 1841; Pub. L. 97–34, title IV, §§ 403(b)(3)(A), (c)(3)(B), 442(d)(2), Aug. 13, 1981, 95 Stat. 301, 302, 322; Pub. L. 105–34, title XIII, § 1301(a), Aug. 5, 1997, 111 Stat. 1039; Pub. L. 107–16, title V, § 542(b)(2), June 7, 2001, 115 Stat. 82; Pub. L. 111–312, title III, § 301(a), Dec. 17, 2010, 124 Stat. 3300.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1970Amended · Pub. L. 91-614 · 84 Stat. 1841
- 1981Amended · Pub. L. 97-34 · 95 Stat. 301, 302, 322
- 1997Amended · Pub. L. 105-34 · 111 Stat. 1039
- 2001Amended · Pub. L. 107-16 · 115 Stat. 82
- 2010Amended · Pub. L. 111-312 · 124 Stat. 3300
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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