FEDERAL · 26 U.S.C. · Chapter 1
Ordinary loss defined
Current through Pub. L. 119-102
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.
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Butts v. Comm'r
2015 T.C. Memo. 74 (U.S. Tax Court, 2015)
Keefe v. Commissioner of Internal Revenue
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Bell v. United States
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Source Credit
History
(Added Pub. L. 94–455, title XIX, §1901(a)(11), Oct. 4, 1976, 90 Stat. 1765.)