# 26 U.S.C. § 2622: Taxable amount in case of taxable termination

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s2622>. Cite pinpoints as 26 U.S.C. § 2622(a)(1).

## § 2622(a) In general

For purposes of this chapter, the taxable amount in the case of a taxable termination shall be—

**§ 2622(a)(1)** the value of all property with respect to which the taxable termination has occurred, reduced by

**§ 2622(a)(2)** any deduction allowed under subsection (b).

## § 2622(b) Deduction for certain expenses

For purposes of subsection (a), there shall be allowed a deduction similar to the deduction allowed by section 2053 (relating to expenses, indebtedness, and taxes) for amounts attributable to the property with respect to which the taxable termination has occurred.

## Leading cases

- [Peterson Marital Trust v. Commissioner, 102 T.C. 790 (1994)](https://www.courtlistener.com/opinion/4694943/peterson-marital-trust-v-commissioner/)

## Connections

Cites: § 2053 Expenses, indebtedness, and taxes

Cited by: none

## Amendments

- 1976-10-04: [Pub. L. 94-455](/26/act/94-455.md), 90 Stat. 1888
- 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2720