contribution. Any net income described in clause (ii) shall be included in the gross income of the individual for the taxable year in which it is received. (B) Excess contribution For purposes of subparagraph (A), the term excess contribution means any contribution (other than a rollover contribution described in paragraph (3)) which is neither excludable from gross income under section 139G nor deductible under this section. (6) Transfer of account incident to divorce The transfer of an individual’s interest in a parental leave savings account to an individual’s spouse or former spouse under a divorce or separation instrument described in subparagraph (A) of section 71(b)(2) shall not be considered a taxable transfer made by such individual notwithstanding any other provision of this subtitle, and such interest shall, after such transfer, be treated as a parental leave savings account with respect to which such spouse is the account owner. (7) Treatment after death of account owner (A) Treatment if designated beneficiary is spouse (i) In general If a qualified individual acquires such owner’s interest in a parental leave savings account by reason of being the designated beneficiary of such account at the death of the account owner, such parental leave savings account shall be treated as if the qualified individual were the account owner. (ii) Qualified individual For purposes of clause (i), the term qualified individual means, with respect to any account owner— (I) the account owner’s surviving spouse, or (II) any other person with custody of any child of the deceased account owner, but only if such death occurred not later than 1 year after the birth or adoption of such child by the deceased account owner. (B) Other cases (i) In general If, by reason of the death of the account owner, any person acquires the account owner’s interest in a parental leave savings account in a case to which subparagraph (A) does not apply— (I) such account shall cease to be a parental leave savings account as of the date of death,