### Question
What is the definition of nonexempt portion?


### Answer
The definition of **nonexempt portion** is as follows in *26 U.S.C. § 2632*:

> the value (at the time of allocation) of the property or trust, multiplied by the inclusion ratio with respect to such property or trust

#### Citation:
  - *26 U.S.C. § 2632*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 13-TAX ON GENERATION-SKIPPING TRANSFERS > Subchapter D-GST Exemption**

