personal property

(A)In the case of stock, the term “personal property” includes stock only if— (i)such stock is of a type which is actively traded and at least 1 of the positions offsetting such stock is a position with respect to such stock or substantially similar or related property, or (ii)such stock is of a corporation formed or availed of to take positions in personal property which offset positions taken by any shareholder. (B)For purposes of determining whether subsection (e) applies to any transaction with respect to stock described in subparagraph (A)(ii), all includible corporations of an affiliated group (within the meaning of) shall be treated as 1 taxpayer.

Source

26 USC § 1092(d)(3)(A)


Scoping language

For purposes of paragraph
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