# Treas. Reg. § 1.356-5: Transactions involving gift or compensation.

Source: eCFR as of 2026-10-19 <https://www.ecfr.gov/current/title-26/section-1.356-5>. Interprets 26 U.S.C. § 356.

With respect to transactions described in sections 354, 355, or 356, but which— 

(a) Result in a gift, see section 2501 and following, and the regulations pertaining thereto, or 

(b) Have the effect of the payment of compensation, see section 61(a)(1), and the regulations pertaining thereto.