§ 683. Use of trust as an exchange fund

197 words·~1 min read·/usc/title-26/section-683

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(a)General rule Except as provided in subsection (b), if property is transferred to a trust in exchange for an interest in other trust property and if the trust would be an investment company (within the meaning of section 351) if it were a corporation, then gain shall be recognized to the transferor.

(b)Exception for pooled income funds Subsection

(a)shall not apply to any transfer to a pooled income fund (within the meaning of section 642(c)(5)).

(Aug. 16, 1954, ch. 736, 68A Stat. 235; Pub. L. 94–455, title XXI, § 2131(e)(1), Oct. 4, 1976, 90 Stat. 1924.)

Connections3 cite this · traces to 1

Cited by 3 sections

U.S. Code

statutes-at-large

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

Traces to 1 document

U.S. Code

Common trust funds
§ 584

6 references not yet in our index

Aug. 16, 1954, ch. 736
68A Stat. 235
Pub. L. 94–455, title XXI, § 2131(e)(1)
90 Stat. 1924
Pub. L. 94–455
section 2131(f)(6) of Pub. L. 94–455

Citation graph

cites case law

§ 683

Use of trust as an exchange fund

U.S.C.×2

Stat.×1

U.S.C.§ 584

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 235

Pub. L.Pub. L. 94–455, title XXI, § 2131(e)(1)

Stat.90 Stat. 1924

Pub. L.Pub. L. 94–455

Cites 7 · showing 6Cited by 3 across 2 sources