---
kind: "section"
citation: "26 U.S.C. § 7517"
title: "26"
title_heading: "Internal Revenue Code"
number: "7517"
heading: "Furnishing on request of statement explaining estate or gift valuation"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/7517"
units:
  - "Subtitle F — Procedure and Administration"
  - "Chapter 77 — Miscellaneous Provisions"
---

# §7517. Furnishing on request of statement explaining estate or gift valuation

- (a) **General rule—** If the [Secretary](/usc/26/7701.md?p=a-11-B) makes a determination or a proposed determination of the value of an item of property for purposes of the tax imposed under chapter [11](/usc/26/chstB/ch11.md), [12](/usc/26/chstB/ch12.md), or [13](/usc/26/chstB/ch13.md), he shall furnish, on the written request of the executor, donor, or the [person](/usc/26/7701.md?p=a-1) required to make the return of the tax imposed by [chapter 13](/usc/26/chstB/ch13.md) (as the case may be), to such executor, donor, or [person](/usc/26/7701.md?p=a-1) a written statement containing the material required by [subsection (b)](#b). Such statement shall be furnished not later than 45 days after the later of the date of such request or the date of such determination or proposed determination.
- (b) **Contents of statement—** A statement required to be furnished under [subsection (a)](#a) with respect to the value of an item of property shall—
  - (1) explain the basis on which the valuation was determined or proposed,
  - (2) set forth any computation used in arriving at such value, and
  - (3) contain a copy of any expert appraisal made by or for the [Secretary](/usc/26/7701.md?p=a-11-B).
- (c) **Effect of statement—** Except to the extent otherwise provided by law, the value determined or proposed by the [Secretary](/usc/26/7701.md?p=a-11-B) with respect to which a statement is furnished under this section, and the method used in arriving at such value, shall not be binding on the [Secretary](/usc/26/7701.md?p=a-11-B).

## Source credit

(Added Pub. L. 94–455, title XX, § 2008(a)(1), Oct. 4, 1976, 90 Stat. 1891.)

## Notes

### Statutory Notes and Related Subsidiaries

### Effective Date

Pub. L. 94–455, title XX, § 2008(d)(1), Oct. 4, 1976, 90 Stat. 1892, as amended by Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “The amendments made by subsection (a) [enacting this section and amending sections 2031 and 2512 of this title]— insofar as they relate to the tax imposed under chapter 11 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954, section 2001 et seq. of this title], shall apply to the estates of decedents dying after December 31, 1976, and insofar as they relate to the tax imposed under chapter 12 of such Code [section 2501 et seq. of this title], shall apply to gifts made after December 31, 1976.”