§ 65. Ordinary loss defined

80 words·~1 min read·/usc/title-26/section-65

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For purposes of this subtitle, the term “ordinary loss” includes any loss from the sale or exchange of property which is not a capital asset. Any loss from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as “ordinary loss” shall be treated as loss from the sale or exchange of property which is not a capital asset.

(Added Pub. L. 94–455, title XIX, § 1901(a)(11), Oct. 4, 1976, 90 Stat. 1765.)

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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)(11)
90 Stat. 1765

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§ 65

Ordinary loss defined

Stat.×1

Pub. L.Pub. L. 94–455, title XIX, § 1901(a)(11)

Stat.90 Stat. 1765

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