# Treas. Reg. § 1.665(b)-3: Exclusions under section 663(a)(1).

Source: eCFR as of 2026-10-19 <https://www.ecfr.gov/current/title-26/section-1.665(b)-3>. Interprets 26 U.S.C. § 665.

Subpart D (section 665 and following), part I, subchapter J, chapter 1 of the Code, has no application to an amount which qualifies as an exclusion under section 663(a)(1), relating to gifts, bequests, etc.