Assertion: bequest | /r/HasProperty | excludable
Facets:
value: in order
type: OTHER
Source sentences:
text: Thus, in order 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 property (see paragraph (b) of this section), and (2) the terms of the governing instrument must not provide for its payment in more than three installments (see paragraph (c) of this section).