Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1107
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1107
Character Range: 2142147–2142815

1107  Amount of disposition
  If a person disposes of ordinary income, the amount of the disposition is the amount that, in the Secretary's opinion, is:
 (a) if the person receives no consideration for the destruction, disposal or diminution—the annual rate of the diminution of the income because of the destruction, disposal or diminution; or
 (b) if the person receives consideration for the destruction, disposal or diminution—the annual rate of the diminution of the income because of the destruction, disposal or diminution less the part (if any) of the consideration that the Secretary considers to be fair and reasonable in all the circumstances of the case.