§1243 — Loss of small business investment company
Statute Text — 26 U.S.C. §1243
In the case of a small business investment company operating under the Small Business Investment Act of 1958, if—
(1)
a loss is on stock received pursuant to the conversion privilege of convertible debentures acquired pursuant to section 304 of the Small Business Investment Act of 1958, and
(2)
such loss would (but for this section) be a loss from the sale or exchange of a capital asset,
then such loss shall be treated as an ordinary loss.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §1.1243-1 Loss of small business investment company
- Treas. Reg. §Treas. Reg. §1.1243-1(a) In general—(1) Taxable years beginning after July 11, 1969.
- Treas. Reg. §Treas. Reg. §1.1243-1(b) Material to be filed with return.
- Treas. Reg. §Treas. Reg. §1.1243-1(i) The securities are either the convertible debentures, or the stock issued pursuant to the conversion privilege thereof, acquired in accordance with the provisions of section 304 of the Small Business Investment Act of 1958 (15 U.
0 Citing Cases
No citing cases found in the corpus.