Current through Pub. L. 119-100Open in workspace

§ 1021 Sale of annuities

In case of the sale of an annuity contract, the adjusted basis shall in no case be less than zero.

(Aug. 16, 1954, ch. 736, 68A Stat. 302.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 1021

Source: decipher.legal/usc/26/1021 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)