§1246 — [§§1246, 1247. Repealed. Pub. L. 108–357, title IV, §413(a)(2), (3), Oct. 22, 2004, 118 Stat. 1506 ] Section 1246, added Pub. L. 87–834, §14(a)(1), Oct. 16, 1962, 76 Stat. 1036 ; amended Pub. L. 94–455, title XIV, §1402(b)(1)(W), (2), title XIX, §§1901(a)(141), (b)(3)(I), (32)(B)(ii), 1906(b)(13)(A), title XX, §2005(a)(5), Oct. 4, 1976, 90 Stat. 1732 , 1787, 1793, 1800, 1834, 1877; Pub. L. 96–223, title IV, §401(a), Apr. 2, 1980, 94 Stat. 299 ; Pub. L. 97–34, title VIII, §832(a), Aug. 13, 1981, 95 Stat. 355 ; Pub. L. 98–369, div. A, title I, §134(a), title X, §1001(b)(20), (e), July 18, 1984, 98 Stat. 668 , 1012; Pub. L. 99–514, title XII, §1235(b), Oct. 22, 1986, 100 Stat. 2574 ; Pub. L. 100–647, title I, §§1012(p)(21), 1018(o)(2), Nov. 10, 1988, 102 Stat. 3519 , 3585; Pub. L. 107–16, title V, §542(e)(5)(A), June 7, 2001, 115 Stat. 85 ; Pub. L. 111–312, title III, §301(a), Dec. 17, 2010, 124 Stat. 3300 , related to treatment of gain on foreign investment company stock.
6 cases·6 cited
Statute Text — 26 U.S.C. §1246
Statute text not available for this section.
6 Citing Cases
As enacted in 2003, section 1(h) (11) (C) expressly excluded from the definition of "qualified foreign corporation" foreign personal holding companies (as defined iç former section 552(a)) (FPHCs), foreign investment companies (as defined in former section 1246(b)) (FICs), and passive foreign investment companies (as defined in section 1297(a)) (PFICs).
As enacted in 2003, section l(h)(ll)(C) expressly excluded from the definition of “qualified foreign corporation” foreign personal holding companies (as defined in former section 552(a)) (fphcs), foreign investment companies (as defined in former section 1246(b)) (fics), and passive foreign investment companies (as defined in section 1297(a)) (PFlCs).
1246(a), 111 Stat. 788, 1030, has been modified to end the tax year of a partnership year with respect to the death of a partner for tax years beginning after Dec. 31, 1997. - 25 - is also excluded from the subchapter J estate when title to such property passes directly to an heir or devisee. “[E]ven though the real property is in the possess