26 U.S.C. § 1243 — Loss of small business investment company
submitted 68 years ago by Pub. L. 85-866 to r/title-26-INTERNAL-REVENUE-CODE · 78 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
In the case of a small business investment company operating under the Small Business Investment Act of 1958, if—
a loss is on stock* received pursuant to the conversion privilege of convertible debentures acquired pursuant to section 304 of the Small Business Investment Act of 1958, and
such loss would (but for this section) be a loss from the sale or exchange of a capital asset,
then such loss shall be treated as an ordinary loss.
Source credit: (Added Pub. L. 85–866, title I, § 57(a), Sept. 2, 1958, 72 Stat. 1645; amended Pub. L. 91–172, title IV, § 433(b), Dec. 30, 1969, 83 Stat. 624; Pub. L. 94–455, title XIX, § 1901(b)(3)(F), Oct. 4, 1976, 90 Stat. 1793.)
- 1958Enacted · Pub. L. 85-866 · 72 Stat. 1645
- 1969Amended · Pub. L. 91-172 · 83 Stat. 624
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1793
A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-866 on 1958-09-02.
all 0 arguments · sorted by: best
no arguments yet — make the first case