Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_356
Timestamp: 2019-10-18 23:18:08
Document Index: 593451346

Matched Legal Cases: ['§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356', '§ 356']

Internal Revenue Code, § 356. Receipt Of Additional Consideration
I.R.C. § 356(a) Gain On Exchanges
I.R.C. § 356(a)(1) Recognition Of Gain —
I.R.C. § 356(a)(1)(A) —
I.R.C. § 356(a)(1)(B) —
the property received in the exchange consists not only of property permitted by section 354 or 355 to be received without the recognition of gain but also of other property or money, then the gain, if any, to the recipient shall be recognized, but in an amount not in excess of the sum of such money and the fair market value of such other property.
I.R.C. § 356(a)(2) Treatment As Dividend —
I.R.C. § 356(b) Additional Consideration Received In Certain Distributions —
I.R.C. § 356(b)(1) —
I.R.C. § 356(b)(2) —
the property received in the distribution consists not only of property permitted by section 355 to be received without the recognition of gain, but also of other property or money, then an amount equal to the sum of such money and the fair market value of such other property shall be treated as a distribution of property to which section 301 applies.
I.R.C. § 356(c) Loss —
I.R.C. § 356(c)(1) —
I.R.C. § 356(c)(2) —
the property received in the exchange or distribution consists not only of property permitted by section 354 or 355 to be received without the recognition of gain or loss, but also of other property or money, then no loss from the exchange or distribution shall be recognized.
I.R.C. § 356(d) Securities As Other Property —
I.R.C. § 356(d)(1) In General —
I.R.C. § 356(d)(2) Exceptions
I.R.C. § 356(d)(2)(A) Securities With Respect To Which Nonrecognition Of Gain Would Be Permitted —
I.R.C. § 356(d)(2)(B) Greater Principal Amount In Section 354 Exchange —
I.R.C. § 356(d)(2)(B)(i) —
I.R.C. § 356(d)(2)(B)(ii) —
the principal amount of such securities received exceeds the principal amount of such securities surrendered, then, with respect to such securities received, the term “other property" means only the fair market value of such excess. For purposes of this subparagraph and subparagraph (C), if no securities are surrendered, the excess shall be the entire principal amount of the securities received.
I.R.C. § 356(d)(2)(C) Greater Principal Amount In Section 355 Transaction —
I.R.C. § 356(e) Nonqualified Preferred Stock Treated As Other Property —
I.R.C. § 356(e)(1) In General —
Except as provided in paragraph (2), the term “other property” includes nonqualified preferred stock (as defined in section 351(g)(2)).
I.R.C. § 356(e)(2) Exception —
I.R.C. § 356(f) Exchanges For Section 306 Stock —
I.R.C. § 356(g) Transactions Involving Gift Or Compensation —
I.R.C. § 356(g)(1) —
I.R.C. § 356(g)(2) —
(Aug. 16, 1954, ch. 736, 68A Stat. 115 ; Mar. 31, 1976, Pub. L. 94-253, Sec. 1(c), 90 Stat. 296; Sept. 3, 1982, Pub. L. 97-248, title II, Sec. 227(b), 96 Stat. 492; Nov. 5, 1990, Pub. L. 101-508, title XI, Sec. 11801(c)(8)(E), 104 Stat. 1388-524; Pub. L. 105-34, title X, Sec. 1014(d), Aug. 5, 1997, 111 Stat 788.)
1997 - Subsec. (e)-(f). Pub. L. 105-34, Sec. 1014(d), redesignated subsecs. (e) and (f) and (f) and (g), respectively; and added a new subsec. (e).
1990 - Subsec. (d)(2)(B)(i). Pub. L. 101-508 struck out ‘or (d)’ after ‘subsection (c)’.
1982 - Subsec. (a)(2). Pub. L. 97-248 inserted ‘(determined with the application of section 318(a))’ after ‘distribution of a dividend’.
1976 - Subsec. (d)(2)(B)(i). Pub. L. 94-253 substituted ‘subsection (c) or (d) thereof’ for ‘subsection (c) thereof’.
Amendments by Sec. 1014(d) of Pub. L. 105-34 applicable to transactions after June 8, 1997. Sec. 1014(f)(2) of Pub. L. 105-34 provided the following transition rule:
Section 227(c)(2) of Pub. L. 97-248 provided that: ‘The amendment made by subsection (b) (amending this section) shall apply to distributions after August 31, 1982, in taxable years ending after such date.’