26 USC 735 - Character of gain or loss on disposition of distributed property

U.S Code last checked for updates: Apr 29, 2024

§ 735.

Character of gain or loss on disposition of distributed property

(a)

Sale or exchange of certain distributed property

(1)

Unrealized receivables

(2)

Inventory items

(b)

Holding period for distributed property

(c)

Special rules

(1)

Waiver of holding periods contained in section 1231

(2)

Substituted basis property

(A)

In general

(B)

Exception for stock in C corporation

(Aug. 16, 1954, ch. 763, 68A Stat. 247; Pub. L. 94–455, title XIX, § 1901(b)(3)(D), Oct. 4, 1976, 90 Stat. 1792; Pub. L. 98–369, div. A, title I, § 74(b), July 18, 1984, 98 Stat. 593; Pub. L. 105–34, title X, § 1062(b)(3), Aug. 5, 1997, 111 Stat. 947.)

cite as: 26 USC 735