26-U.S.C.-64

§64 – Ordinary Income Defined

Pathway

Title 26 > Subtitle A > Chapter 1 > Subchapter B > Part I > Section 64

Details

• Reference: Section 64
• Legend: §64 – Ordinary Income Defined
• USCode Year: 2013

Provision Content

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.)

U.S. Encyclopedia of Law Coverage

26-U.S.C.-62 in the Legal Encyclopedia: Income Taxes

In this entry about 26-U.S.C.-62, find legal reference material, bibliographies and premiere content related to income taxes in the American Encyclopedia of Law, presenting a comprehensive view of the United States income taxes-specific issues, written by authorities in the field.

26-U.S.C.-56 in the Legal Encyclopedia: Tax Liability

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26-U.S.C.-59B in the Legal Encyclopedia: Taxation

In this entry about 26-U.S.C.-59B, find legal reference material, bibliographies and premiere content related to taxation in the American Encyclopedia of Law, presenting a comprehensive view of the United States taxation-specific issues, written by authorities in the field.

26-U.S.C.-57 in the Legal Encyclopedia: Liability

In this entry about 26-U.S.C.-57, find legal reference material, bibliographies and premiere content related to liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States liability-specific issues, written by authorities in the field.

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