2015 US Code
Title 26 - Internal Revenue Code (Sections 1 - 9834)
Subtitle A - Income Taxes (Sections 1 - 1564)
Chapter 1 - Normal Taxes and Surtaxes (Sections 1 - 1400U-3)
Subchapter P - Capital Gains and Losses (Sections 1201 - 1298)
Part V - Special Rules for Bonds and Other Debt Instruments (Sections 1271 - 1288)
Subpart D - Miscellaneous Provisions (Sections 1286 - 1288)
Sec. 1287 - Denial of capital gain treatment for gains on certain obligations not in registered form
Publication Title | United States Code, 2012 Edition, Supplement 3, Title 26 - INTERNAL REVENUE CODE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter P - Capital Gains and Losses PART V - SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS Subpart D - Miscellaneous Provisions Sec. 1287 - Denial of capital gain treatment for gains on certain obligations not in registered form |
Contains | section 1287 |
Date | 2015 |
Laws In Effect As Of Date | January 3, 2016 |
Positive Law | No |
Disposition | standard |
Source Credit | Added Pub. L. 98-369, div. A, title I, §41(a), July 18, 1984, 98 Stat. 552; amended Pub. L. 111-147, title V, §502(a)(2)(D), Mar. 18, 2010, 124 Stat. 107. |
Statutes at Large References | 98 Stat. 552 124 Stat. 107 |
Public and Private Laws | Public Law 98-369, Public Law 111-147 |
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If any registration-required obligation is not in registered form, any gain on the sale or other disposition of such obligation shall be treated as ordinary income (unless the issuance of such obligation was subject to tax under section 4701).
(b) DefinitionsFor purposes of subsection (a)—
(1) Registration-required obligationThe term "registration-required obligation" has the meaning given to such term by section 163(f)(2).
(2) Registered formThe term "registered form" has the same meaning as when used in section 163(f).
(Added Pub. L. 98–369, div. A, title I, §41(a), July 18, 1984, 98 Stat. 552; amended Pub. L. 111–147, title V, §502(a)(2)(D), Mar. 18, 2010, 124 Stat. 107.)
AMENDMENTS2010—Subsec. (b)(1). Pub. L. 111–147 struck out "except that clause (iv) of subparagraph (A), and subparagraph (B), of such section shall not apply" before period.
EFFECTIVE DATE OF 2010 AMENDMENTAmendment by Pub. L. 111–147 applicable to obligations issued after the date which is 2 years after Mar. 18, 2010, see section 502(f) of Pub. L. 111–147, set out as a note under section 149 of this title.
EFFECTIVE DATESection applicable to taxable years ending after July 18, 1984, except as otherwise provided, see section 44 of Pub. L. 98–369, set out as a note under section 1271 of this title.
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