Treasury Regulations, Subchapter B, Sec. 25.2522(c)-4
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Sec. 25.2522(c)-4 Disallowance of double deduction in the case of qualified terminable interest property
No deduction is allowed under section 2522 for the transfer of an interest in property if a deduction is taken from the total amount of gifts with respect to that property by reason of section 2523(f). See §25.2523(h)–1.
[T.D. 8522, 59 FR 9658, Mar. 1, 1994]
