Source: http://www.law.cornell.edu/uscode/text/26/1234A?qt-us_code_tabs=0
Timestamp: 2014-08-23 12:10:40
Document Index: 551569222

Matched Legal Cases: ['§ 1234', '§ 1234', '§ 1234', '§ 507', '§ 105', '§ 102', '§ 1003', '§ 1', '§ 401', '§ 412', '§ 1', '§ 401', '§ 1', '§ 401', '§ 102', '§ 102', '§ 1003']

26 U.S. Code § 1234A - Gains or losses from certain terminations | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter P › Part IV › § 1234A 26 U.S. Code § 1234A - Gains or losses from certain terminations
a right or obligation (other than a securities futures contract, as defined in section 1234B) with respect to property which is (or on acquisition would be) a capital asset in the hands of the taxpayer, or
a section 1256 contract (as defined in section 1256) not described in paragraph (1) which is a capital asset in the hands of the taxpayer,
(Added Pub. L. 97–34, title V, § 507(a),Aug. 13, 1981, 95 Stat. 333; amended Pub. L. 97–448, title I, § 105(e),Jan. 12, 1983, 96 Stat. 2387; Pub. L. 98–369, div. A, title I, § 102(e)(4), (9),July 18, 1984, 98 Stat. 624, 625; Pub. L. 105–34, title X, § 1003(a)(1),Aug. 5, 1997, 111 Stat. 909; Pub. L. 106–554, § 1(a)(7) [title IV, § 401(b)], Dec. 21, 2000, 114 Stat. 2763, 2763A–648; Pub. L. 107–147, title IV, § 412(d)(1)(A),Mar. 9, 2002, 116 Stat. 53.)
2002—Pars. (1) to (3). Pub. L. 107–147inserted “or” at end of par. (1), struck out “or” at end of par. (2), and struck out par. (3) which read as follows: “a securities futures contract (as so defined) which is a capital asset in the hands of the taxpayer,”.
2000—Par. (1). Pub. L. 106–554, § 1(a)(7) [title IV, § 401(b)(1)], inserted “(other than a securities futures contract, as defined in section 1234B)” after “right or obligation”.
Par. (3). Pub. L. 106–554, § 1(a)(7) [title IV, § 401(b)(2)–(4)], added par. (3).
1997—Par. (1). Pub. L. 105–34substituted “property” for “personal property (as defined in section 1092
1984—Pub. L. 98–369, § 102(e)(9), inserted at end “The preceding sentence shall not apply to the retirement of any debt instrument (whether or not through a trust or other participation arrangement).”
Par. (2). Pub. L. 98–369, § 102(e)(4), substituted “a section 1256 contract” for “a regulated futures contract”.
1983—Pub. L. 97–448inserted reference to a regulated futures contract (as defined in section 1256) not described in paragraph (1) which is a capital asset in the hands of the taxpayer.
Pub. L. 105–34, title X, § 1003(a)(2),Aug. 5, 1997, 111 Stat. 910, provided that: “The amendment made by paragraph (1) [amending this section] shall apply to terminations more than 30 days after the date of the enactment of this Act [Aug. 5, 1997].”
Amendment by section 102(e)(4) ofPub. L. 98–369applicable to positions established after July 18, 1984, in taxable years ending after that date, except as otherwise provided, and amendment by section 102(e)(9) ofPub. L. 98–369, applicable as if included in the amendment made by section 507(a) ofPub. L. 97–34, as amended by section 105(e) ofPub. L. 97–448, see section 102(f), (g) ofPub. L. 98–369, set out as a note under section 1256 of this title.
Section applicable to property acquired and positions established by the taxpayer after June 23, 1981, in taxable years ending after such date, and applicable when so elected with respect to property held on June 23, 1981, see section 508 ofPub. L. 97–34, set out as a note under section 1092 of this title.