26 U.S. Code PART IV— SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES

  1. § 1231. Property used in the trade or business and involuntary conversions
  2. [§§ 1232 to 1232B. Repealed. Pub. L. 98–369, div. A, title I, § 42(a)(1), July 18, 1984, 98 Stat. 556]
  3. § 1233. Gains and losses from short sales
  4. § 1234. Options to buy or sell
  5. § 1234A. Gains or losses from certain terminations
  6. § 1234B. Gains or losses from securities futures contracts
  7. § 1235. Sale or exchange of patents
  8. § 1236. Dealers in securities
  9. § 1237. Real property subdivided for sale
  10. [§ 1238. Repealed. Pub. L. 101–508, title XI, § 11801(a)(35), Nov. 5, 1990, 104 Stat. 1388–521]
  11. § 1239. Gain from sale of depreciable property between certain related taxpayers
  12. [§ 1240. Repealed. Pub. L. 94–455, title XIX, § 1901(a)(139), Oct. 4, 1976, 90 Stat. 1787]
  13. § 1241. Cancellation of lease or distributor’s agreement
  14. § 1242. Losses on small business investment company stock
  15. § 1243. Loss of small business investment company
  16. § 1244. Losses on small business stock
  17. § 1245. Gain from dispositions of certain depreciable property
  18. [§§ 1246, 1247. Repealed. Pub. L. 108–357, title IV, § 413(a)(2), (3), Oct. 22, 2004, 118 Stat. 1506]
  19. § 1248. Gain from certain sales or exchanges of stock in certain foreign corporations
  20. § 1249. Gain from certain sales or exchanges of patents, etc., to foreign corporations
  21. § 1250. Gain from dispositions of certain depreciable realty
  22. [§ 1251. Repealed. Pub. L. 98–369, div. A, title IV, § 492(a), July 18, 1984, 98 Stat. 853]
  23. § 1252. Gain from disposition of farm land
  24. § 1253. Transfers of franchises, trademarks, and trade names
  25. § 1254. Gain from disposition of interest in oil, gas, geothermal, or other mineral properties
  26. § 1255. Gain from disposition of section 126 property
  27. § 1256. Section 1256 contracts marked to market
  28. § 1257. Disposition of converted wetlands or highly erodible croplands
  29. § 1258. Recharacterization of gain from certain financial transactions
  30. § 1259. Constructive sales treatment for appreciated financial positions
  31. § 1260. Gains from constructive ownership transactions
Amendments

2018—Pub. L. 115–141, div. U. title IV, § 401(a)(173), Mar. 23, 2018, 132 Stat. 1192, substituted “Gain from disposition of farm land” for “Gain from the disposition of farm land” in item 1252.

2004—Pub. L. 108–357, title IV, § 413(c)(32), Oct. 22, 2004, 118 Stat. 1510, struck out items 1246 “Gain on foreign investment company stock” and 1247 “Election by foreign investment companies to distribute income currently”.

Pub. L. 108–311, title IV, § 408(a)(18), Oct. 4, 2004, 118 Stat. 1192, substituted “Gains or losses from securities futures contracts” for “Securities futures contracts” in item 1234B.

2000—Pub. L. 106–554, § 1(a)(7) [title IV, § 401(h)(2)], Dec. 21, 2000, 114 Stat. 2763, 2763A–650, which directed the amendment of the table of sections of subpart IV of subchapter P of chapter 1 by adding item 1234B, was executed by adding item 1234B to the table of sections for this part which is part IV of subchapter P of chapter 1 to reflect the probable intent of Congress.

1999—Pub. L. 106–170, title V, § 534(b), Dec. 17, 1999, 113 Stat. 1934, added item 1260.

1997—Pub. L. 105–34, title X, § 1001(c), Aug. 5, 1997, 111 Stat. 907, added item 1259.

1993—Pub. L. 103–66, title XIII, § 13206(a)(2), Aug. 10, 1993, 107 Stat. 465, added item 1258.

1990—Pub. L. 101–508, title XI, § 11801(b)(10), Nov. 5, 1990, 104 Stat. 1388–522, struck out item 1238 “Amortization in excess of depreciation”.

1988—Pub. L. 100–647, title I, § 1018(u)(24), Nov. 10, 1988, 102 Stat. 3591, substituted “geothermal, or other mineral properties” for “or geothermal property” in item 1254.

1986—Pub. L. 99–514, title IV, § 403(b), Oct. 22, 1986, 100 Stat. 2222, added item 1257.

1984—Pub. L. 98–369, div. A, title I, §§ 42(b)(2), 102(e)(6), title IV, § 492(c), July 18, 1984, 98 Stat. 557, 624, 854, struck out items 1232 “Bonds and other evidence of indebtedness”, 1232A “Original issue discount”, 1232B “Tax treatment of stripped bonds”, 1251 “Gain from disposition of property used in farming where farm losses offset nonfarm income”, and substituted “Section 1256 contracts” for “Regulated futures contracts” in item 1256.

1982—Pub. L. 97–248, title II, §§ 231(d), 232(c), Sept. 3, 1982, 96 Stat. 499, 501, added items 1232A and 1232B.

1981—Pub. L. 97–34, title V, §§ 503(b), 507(b), Aug. 13, 1981, 95 Stat. 330, 333, added items 1234A and 1256.

1978—Pub. L. 95–618, title IV, § 402(c)(4), Nov. 9, 1978, 92 Stat. 3202, substituted “oil, gas, or geothermal” for “oil or gas” in item 1254.

Pub. L. 95–600, title V, § 543(c)(2), Nov. 6, 1978, 92 Stat. 2890, added item 1255.

1976—Pub. L. 94–455, title II, § 205(d), title XIX, § 1901(b)(34), Oct. 4, 1976, 90 Stat. 1535, 1802, added item 1254 and struck out item 1240 “Taxability to employee of termination payments”.

1969—Pub. L. 91–172, title II, §§ 211(b)(7), 214(b), title V, § 516(c)(2)(C), Dec. 30, 1969, 83 Stat. 570, 573, 648, added items 1251 to 1253.

1964—Pub. L. 88–272, title II, § 231(b)(7), Feb. 26, 1964, 78 Stat. 105, added item 1250.

1962—Pub. L. 87–834, §§ 13(a)(2), 14(a)(2), 15(b), 16(b), Oct. 16, 1962, 76 Stat. 1033, 1040, 1044, 1045, added items 1245–1249.

1958—Pub. L. 85–866, title I, § 57(c)(3), title II, § 202(c), Sept. 2, 1958, 72 Stat. 1646, 1678, added items 1242–1244.