• logo-lightlogo-dark

    decipher.legal

    Created by Michael Wessels
    1. U.S. Code
    2. Title 26
    3. Subtitle A
    4. CHAPTER 1
    5. Subchapter P
    6. PART V
    7. Subpart D

    § 1287 Denial of capital gain treatment for gains on certain obligations not in registered form

    (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) Definitions

    For purposes of subsection (a)—

    (1) Registration-required obligation

    The term “registration-required obligation” has the meaning given to such term by .

    (2) Registered form

    The term “registered form” has the same meaning as when used in .