26 U.S.C. § 1036 — Stock for stock of same corporation
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 124 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
No gain or loss shall be recognized if common stock* in a corporation* is exchanged solely for common stock in the same corporation, or if preferred stock in a corporation is exchanged solely for preferred stock in the same corporation.
For purposes of this section, nonqualified preferred stock (as defined in section 351(g)(2)) shall be treated as property other than stock.
For rules relating to recognition of gain or loss where an exchange is not solely in kind, see subsections (b) and (c) of section 1031.
For rules relating to the basis of property acquired in an exchange described in subsection (a), see subsection (d) of section 1031.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 309; Pub. L. 105–34, title X, § 1014(e)(3), Aug. 5, 1997, 111 Stat. 921.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1997Amended · Pub. L. 105-34 · 111 Stat. 921
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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