FEDERAL · 26 U.S.C. · Chapter Subchapter B—Computation of Taxable Income
Ordinary loss defined
26 U.S.C. § 65
This text of 26 U.S.C. § 65 (Ordinary loss defined) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 65.
Text
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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Related
Butts v. Comm'r
2015 T.C. Memo. 74 (U.S. Tax Court, 2015)
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Bell v. United States
(Sixth Circuit, 2004)
Source Credit
History
(Added Pub. L. 94–455, title XIX, §1901(a)(11), Oct. 4, 1976, 90 Stat. 1765.)
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26 U.S.C. § 65, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/65.