§ 64. Ordinary income defined

92 words·~1 min read·/usc/title-26/section-64

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For purposes of this subtitle, the term “ordinary income” includes any gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b). Any gain from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as “ordinary income” shall be treated as gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b).

(Added Pub. L. 94–455, title XIX, § 1901(a)(10), Oct. 4, 1976, 90 Stat. 1765.)

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CFR

§ 70.150
Release of lien or discharge of property.

statutes-at-large

Public Law 94–455
To reform the tax laws of the United States

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Pub. L. 94–455, title XIX, § 1901(a)(10)
90 Stat. 1765

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§ 64

Ordinary income defined

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Pub. L.Pub. L. 94–455, title XIX, § 1901(a)(10)

Stat.90 Stat. 1765

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