### Question
What does 100 percent dividend mean?


### Answer
**100 percent dividend** has the following meaning in *26 U.S.C. § 805*:

> any dividend if the percentage used for purposes of determining the deduction allowable under section 243 or 245(b) is 100 percent

#### Citation:
  - *26 U.S.C. § 805*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

