Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_1385
Timestamp: 2019-10-17 19:07:29
Document Index: 611237116

Matched Legal Cases: ['§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385', '§ 1385']

Internal Revenue Code, § 1385. Amounts Includible In Patron's Gross Income
I.R.C. § 1385(a) General Rule —
I.R.C. § 1385(a)(1) —
I.R.C. § 1385(a)(2) —
any amount, described in section 1382(c)(2)(A) (relating to certain nonpatronage distributions by tax-exempt farmers' cooperatives), which is paid in money, a qualified written notice of allocation, or other property (except a nonqualified written notice of allocation), and which is received by him during the taxable year from an organization described in section 1381(a)(1), and
I.R.C. § 1385(a)(3) —
I.R.C. § 1385(b) Exclusion From Gross Income —
I.R.C. § 1385(b)(1) —
I.R.C. § 1385(b)(2) —
I.R.C. § 1385(c) Treatment Of Certain Nonqualified Written Notices Of Allocation And Certain Nonqualified Per-Unit Retain Certificates
I.R.C. § 1385(c)(1) Application Of Subsection —
I.R.C. § 1385(c)(1)(A) —
any nonqualified written notice of allocation which—
I.R.C. § 1385(c)(1)(A)(i) —
I.R.C. § 1385(c)(1)(A)(ii) —
I.R.C. § 1385(c)(1)(B) —
I.R.C. § 1385(c)(2) Basis; Amount Of Gain —
I.R.C. § 1385(c)(2)(A) —
I.R.C. § 1385(c)(2)(B) —
I.R.C. § 1385(c)(2)(C) —
(Added Pub. L. 87-834, 17(a), Oct. 16, 1962, 76 Stat. 1048, and amended Pub. L. 89-809, title II, 211(b)(1)-(4), Nov. 13, 1966, 80 Stat. 1582; Pub. L. 94-455, title XIX, 1901(b)(3)(I), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1793, 1834.)
1962--Pub. L. 87-834, 17(a), Oct. 16, 1962, 76 Stat. 1048, added heading of part II and item 1385.
Subsec. (c)(2)(C). Pub. L. 94-455, 1901(b)(3)(I), substituted “ordinary income” for “gain from the sale or exchange of property which is not a capital asset”.
1966--Subsec. (a)(3). Pub. L. 89-809, 211(b)(1), added par. (3).
Subsec. (c). Pub. L. 89-809, 211(b)(2)-(4), inserted “and certain nonqualified per-unit retain certificates” in heading, inserted provisions to par. (1) for the application of the subsection to any nonqualified per-unit retain certificates which were paid as per-unit retain allocations, and inserted references to per-unit retain certificates in par. (2).
Amendment by Pub. L. 89-809 applicable to per-unit retain allocations made during taxable years of an organization described in section 1381(a) of this title (relating to organizations to which part I of subchapter T of chapter 1 applies) beginning after Apr. 30, 1966, with respect to products delivered during such years, see section 211(e)(1) of Pub. L. 89-809, set out as a note under section 1382 of this title.
Except as otherwise provided, section applicable to taxable years of organizations described in section 1381(a) of this title beginning after Dec. 31, 1962, see section 17(c) of Pub. L. 87-834, set out as a note under section 1381 of this title.