...not be Included as amount« falling within section 661 (a) or 662 (a) — (1) Gi/is, bequests, eto. Any amount which, under the terms of the governing...of a specific sum of money or of specific property and which is paid or credited all at once or In not more than 8 installments. For this purpose an amount...

...not be Included as amounts falling within section 661 (a) or 662 (a) — (1) Gifts, bequests, etc. Any amount which, under the terms of the governing...of a specific sum of money or of specific property and which is paid or credited all at once or In not more than 3 Installments. For this purpose an amount...

...not be Included as amounts falling within section 661 (a) or 662 (a) — (1) Gifts, bequests, etc. Any amount which, under the terms of the governing...properly paid or credited as a gift or bequest of a spécifie sum of money or of specific property and which is paid or credited all at once or in not...

...662(a)— (1) Gifts, bequests, etc. Any amount which, under the terms of the governing instrun||Ph.i* properly paid or credited as a gift or bequest of a specific sum of money or of specific property and which is paid or credited all at once or In not more than 3 installments. For this purpose an amount...

...Definition of a gift or bequest of a specific sum of money or of specific property. (1) In order to qualify as a gift or bequest of a specific sum of money or of specific property under section 663(a), the amount of money or the identity of the specific property must be ascertainable...

...for a gift or bequest to be excludable from the gross income of the recipient, (1) it must qualify as a gift or bequest of a specific sum of money or of specific proper; ty (see paragraph (b) of this section), and (2) the terms of the governing instrument must...

...estate came Into existence or the date when the trust was created is immaterial. (b) Definition of a gift or bequest of a specific sum of money or of specific property. (1) In order to qualify as a gift or bequest of a specific sum of money or of specific property under...

...terminate. Only the distribution to В would qualify for exclusion under section 663(a)(l). (4) A grift or bequest of a specific sum of money or of specific property is not disqualified under this paragraph solely because its payment is subject to a condition. For...

...always a separate share of the estate and may itself contain two or more separate shares. Conversely, a gift or bequest of a specific sum of money or of property as defined in section 663(a)(l) is not a separate share. (b) Special rule for certain types...

...provides that there shall not be included as amounts falling within section 661 (a) or 662 (a) of the Code any amount which, under the terms of the governing...of a specific sum of money or of specific property and which is paid or credited all at once or in not more than three installments. Under section 1.663(a)-l(b)...