[Code of Federal Regulations]
[Title 26, Volume 6]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.468B-4]

[Page 378]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.468B-4  Taxability of distributions to claimants.

    Whether a distribution to a claimant is includible in the claimant's 
gross income is generally determined by reference to the claim in 
respect of which the distribution is made and as if the distribution 
were made directly by the transferor. For example, to the extent a 
distribution is in satisfaction of damages on account of personal injury 
or sickness, the distribution may be excludable from gross income under 
section 104(a)(2). Similarly, to the extent a distribution is in 
satisfaction of a claim for foregone taxable interest, the distribution 
is includible in the claimant's gross income under section 61(a)(4).

[T.D. 8459, 57 FR 60994, Dec. 23, 1992]