2016 US Code
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
| 26 U.S.C. § 1287 (2016) |
| §1287. Denial of capital gain treatment for gains on certain obligations not in registered form |
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(a) In general
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). The term "registered form" has the same meaning as when used in section 163(f). |
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(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.) |
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AMENDMENTS
2010—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. |
| United States Code, 2012 Edition, Supplement 4, Title 26 - INTERNAL REVENUE CODE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 1287 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 98 Stat. 552 124 Stat. 107 |
| Public Law 98-369, Public Law 111-147 |
