§ 1032. Exchange of stock for property

330 words·~2 min read·/usc/title-26/section-1032

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(a)Nonrecognition of gain or loss No gain or loss shall be recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury stock) of such corporation. No gain or loss shall be recognized by a corporation with respect to any lapse or acquisition of an option, or with respect to a securities futures contract (as defined in section 1234B), to buy or sell its stock (including treasury stock).

(b)Basis For basis of property acquired by a corporation in certain exchanges for its stock, see section 362.

(Aug. 16, 1954, ch. 736, 68A Stat. 303; Pub. L. 98–369, div. A, title I, § 57(a), July 18, 1984, 98 Stat. 574; Pub. L. 106–554, § 1(a)(7) [title IV, § 401(c)], Dec. 21, 2000, 114 Stat. 2763, 2763A–649.)

Connections3 cite this · traces to 1

Cited by 3 sections · top 2

U.S. Code

§ 1223
Holding period of property

statutes-at-large

Public Law 98–369
To provide for tax reform, and for deficit reduction

Traces to 1 document

U.S. Code

Gains or losses from securities futures contracts
§ 1234B

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Aug. 16, 1954, ch. 736
68A Stat. 303
Pub. L. 98–369, div. A, title I, § 57(a)
98 Stat. 574
Pub. L. 106–554, § 1(a)(7) [title IV, § 401(c)]
114 Stat. 2763
Pub. L. 106–554
Pub. L. 98–369
Pub. L. 106–554, § 1(a)(7) [title IV, § 401(j)]
Pub. L. 98–369, div. A, title I, § 57(b)

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cites case law

§ 1032

Exchange of stock for property

Stat.×2

U.S.C.×1

U.S.C.§ 1234B

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 303

Pub. L.Pub. L. 98–369, div. A, title I, § 57(a)

Stat.98 Stat. 574

Pub. L.Pub. L. 106–554, § 1(a)(7) [title IV, § 401(c)]

Cites 11 · showing 6Cited by 3 across 2 sources