(A)The term “gain” means— (i)any recognized gain on the sale or exchange of property used in the trade or business, and (ii)any recognized gain from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation or the threat or imminence thereof) into other property or money of— (I)property used in the trade or business, or (II)any capital asset which is held for more than 1 year and is held in connection with a trade or business or a transaction entered into for profit.


26 USC § 1231(a)(3)(A)

Scoping language

None: Default is title Scope
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