Page:United States Statutes at Large Volume 68A.djvu/13

 TABLE OF CONTENTS

XIII

C H A P T E R 1. N o r m a l Taxes and Surtaxes—Continued SUBCHAPTER O. Gain or loss on disposition of property—Continued Part II. Basis rules of general application—Continued Page • Sec. 1016. Adjustments to basis — -_ 299 ! ' Sec. 1017. Discharge of indebtedness 301 Sec. 1018. Adjustment of capital s t r u c t u r e before September 22, 1938 301 Sec. 1019. Property on which lessee has m a d e improvements • 301 Sec. 1020. Election in respect of depreciation, etc., allowed before 1952 302 Sec. 102-1. Sale of annuities 302 Sec. 1022. Cross references-302 Part III. Common nontaxable exchanges. Sec. 1031. Exchange of property held for productive use or investment 302 Sec. 1032. Exchange of stock for property 303 Sec. 1033. I n voluntary c o n v e r s i o n s - - 303 Sec. 1034. Sale or exchange of r e s i d e n c e —; 306 Sec. 1035. Certain exchanges of insurance policies 309 Sec. 1036. Stock for stock of same corporation 309 Part IV. Special rules. Sec. 1051. Property acquired during aflBliation 310 Sec. 1062. Basis established by the Revenue Act of 1932 or 1934 or by the I n t e r n a l Revenue Code of 1939 310 Sec. 1053. Property acquired before March 1, 1913 311 Sec. 1054. Cross references -_ 311 Part V. Changes to effectuate F. C. C. policy. Sec. 1071. Gains from sale or exchange to effectuate policies of F. C. C 311 Part VI. Exchanges in obedience to S. E. C. orders. Sec. 1081. Nonrecognition of gain or loss on exchanges or distributions in obedience to orders of S. E. C 312 Sec. 1082. Basis for determining gain or loss 315 Sec. 1083. Definitions 317 Part VII. Wash sales of stock or securities. Sec. 1091. Loss from wash sales of stock or securities-319 SUBCHAPTER P. Capital gains and losses. Part I. T r e a t m e n t of capital gains. Sec. 1201. Alternative tax 320 Sec. 1202. Deduction for capital gains 320 Part II. T r e a t m e n t of capital losses. Sec. 1211. Limitation on capital losses 321 Sec. 1212. Capital loss c a r r y o v e r. 321 Part III. General rules for determining capital gains and losses. Sec. 1221. Capital asset defined 321 Sec. 1222. Other items relating to capital gains and losses— 322 Sec. 1223. Holding period of property ^ 323 Part IV. Special rules for determining capital gains and losses. Sec. 1231. Property used in the trade or business and involuntary conversions 325 Sec. 1232. Bonds and other evidences of i n debt e d n e s s - 326 Sec. 1233. Gains and losses from short sales 327 Sec. 1234. Options to b u y or sell 329 Sec. 1235. Sale or exchange of p a t e n t s. 329 Sec. 1236. Dealers in securities 330 Sec. 1237. Real property subdivided for sale 330 Sec. 1238. Amortization in excess of depreciation 332 Sec. 1239. Gain from sale of certain property between spouses or between an individual and a controlled corporation 332 Sec. 1240. Taxability to employee of termination payments 332 Sec. 1241. Cancellation of lease or distributor's agreement 333

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