26 USC 84 - Transfer of appreciated property to political organizations

U.S Code last checked for updates: May 09, 2024

§ 84.

Transfer of appreciated property to political organizations

(a)

General rule

If—

(1)

any person transfers property to a political organization, and

(2)

the fair market value of such property exceeds its adjusted basis,

then for purposes of this chapter the transferor shall be treated as having sold such property to the political organization on the date of the transfer, and the transferor shall be treated as having realized an amount equal to the fair market value of such property on such date.

(b)

Basis of property

(c)

Political organization defined

(Added Pub. L. 93–625, § 13(a)(1), Jan. 3, 1975, 88 Stat. 2120; amended Pub. L. 115–141, div. U, title IV, § 401(a)(35), Mar. 23, 2018, 132 Stat. 1186.)

cite as: 26 USC 84