# 26 U.S.C. § 2623: Taxable amount in case of direct skip

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s2623>. Cite pinpoints as 26 U.S.C. § 2623(a)(1).

For 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.

## Leading cases

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

## Amendments

- 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2721