US Code
CHAPTER 1— NORMAL TAXES AND SURTAXES
Subchapter P— Capital Gains and Losses

PART I— TREATMENT OF CAPITAL GAINS

[§ 1201. Repealed. , , ] -

§ 1202. Partial exclusion for gain from certain small business stock - (a) Exclusion(1) In generalIn the case of a taxpayer other...

PART II— TREATMENT OF CAPITAL LOSSES

§ 1211. Limitation on capital losses - (a) CorporationsIn the case of a corporation, losses from sales...

§ 1212. Capital loss carrybacks and carryovers - (a) Corporations(1) In generalIf a corporation has a net capital...

PART III— GENERAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES

§ 1221. Capital asset defined - (a) In generalFor purposes of this subtitle, the term “capital...

§ 1222. Other terms relating to capital gains and losses - (1) Short-term capital gainThe term “short-term capital gain” means gain...

§ 1223. Holding period of property - (1) In determining the period for which the taxpayer has...

PART IV— SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES

§ 1231. Property used in the trade or business and involuntary conversions - (a) General rule(1) Gains exceed lossesIf—(A) the section 1231 gains...

[§§ 1232 to 1232B. Repealed. , , ] -

§ 1233. Gains and losses from short sales - (a) Capital assetsFor purposes of this subtitle, gain or loss...

§ 1234. Options to buy or sell - (a) Treatment of gain or loss in the case of...

§ 1234A. Gains or losses from certain terminations - (1) a right or obligation (other than a securities futures...

§ 1234B. Gains or losses from securities futures contracts - (a) Treatment of gain or loss(1) In generalGain or loss...

§ 1235. Sale or exchange of patents - (a) GeneralA transfer (other than by gift, inheritance, or devise)...

§ 1236. Dealers in securities - (a) Capital gainsGain by a dealer in securities from the...

§ 1237. Real property subdivided for sale - (a) GeneralAny lot or parcel which is part of a...

[§ 1238. Repealed. , , ] -

§ 1239. Gain from sale of depreciable property between certain related taxpayers - (a) Treatment of gain as ordinary incomeIn the case of...

[§ 1240. Repealed. , , ] -

§ 1241. Cancellation of lease or distributor’s agreement - Amounts received by a lessee for the cancellation of a...

§ 1242. Losses on small business investment company stock - (1) a loss is on stock in a small business...

§ 1243. Loss of small business investment company - (1) a loss is on stock received pursuant to the...

§ 1244. Losses on small business stock - (a) General ruleIn the case of an individual, a loss...

§ 1245. Gain from dispositions of certain depreciable property - (a) General rule(1) Ordinary incomeExcept as otherwise provided in this...

[§§ 1246, 1247. Repealed. , (3), , ] -

§ 1248. Gain from certain sales or exchanges of stock in certain foreign corporations - (a) General ruleIf—(1) a United States person sells or exchanges...

§ 1249. Gain from certain sales or exchanges of patents, etc., to foreign corporations - (a) General ruleGain from the sale or exchange of a...

§ 1250. Gain from dispositions of certain depreciable realty - (a) General ruleExcept as otherwise provided in this section—(1) Additional...

[§ 1251. Repealed. , , ] -

§ 1252. Gain from disposition of farm land - (a) General rule(1) Ordinary incomeExcept as otherwise provided in this...

§ 1253. Transfers of franchises, trademarks, and trade names - (a) General ruleA transfer of a franchise, trademark, or trade...

§ 1254. Gain from disposition of interest in oil, gas, geothermal, or other mineral properties - (a) General rule(1) Ordinary incomeIf any section 1254 property is...

§ 1255. Gain from disposition of section 126 property - (a) General rule(1) Ordinary incomeExcept as otherwise provided in this...

§ 1256. Section 1256 contracts marked to market - (a) General ruleFor purposes of this subtitle—(1) each section 1256...

§ 1257. Disposition of converted wetlands or highly erodible croplands - (a) Gain treated as ordinary incomeAny gain on the disposition...

§ 1258. Recharacterization of gain from certain financial transactions - (a) General ruleIn the case of any gain—(1) which (but...

§ 1259. Constructive sales treatment for appreciated financial positions - (a) In generalIf there is a constructive sale of an...

§ 1260. Gains from constructive ownership transactions - (a) In generalIf the taxpayer has gain from a constructive...

PART V— SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS -

PART VI— TREATMENT OF CERTAIN PASSIVE FOREIGN INVESTMENT COMPANIES -