### Question
What is the definition of 100 percent dividend?


### Answer
The definition of **100 percent dividend** is as follows in *26 U.S.C. § 805*:

> any dividend if the percentage used for purposes of determining the deduction allowable under section 243, 244, 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**

