### Question
What does nontax portion mean?


### Answer
**Nontax portion** has the following meaning in *26 U.S.C. § 2642*:

> the product of—


(A) the value of all of the property in the trust, and


(B) the applicable fraction in effect for such trust

#### Citation:
  - *26 U.S.C. § 2642*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 13-TAX ON GENERATION-SKIPPING TRANSFERS > Subchapter E-Applicable Rate; Inclusion Ratio**

