Current through Pub. L. 119-100Open in workspace
§ 65 Ordinary loss defined
For purposes of this subtitle, the term “ordinary loss” includes any loss from the sale or exchange of property which is not a capital asset. Any loss from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as “ordinary loss” shall be treated as loss from the sale or exchange of property which is not a capital asset.
(Added Pub. L. 94–455, title XIX, § 1901(a)(11), Oct. 4, 1976, 90 Stat. 1765.)
Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 65
Source: decipher.legal/usc/26/65 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)