§1287 — Denial of capital gain treatment for gains on certain obligations not in registered form
Statute Text — 26 U.S.C. §1287
(a)In general
If any registration-required obligation is not in registered form, any gain on the sale or other disposition of such obligation shall be treated as ordinary income (unless the issuance of such obligation was subject to tax under section 4701).
(b)Definitions
For purposes of subsection (a)—
(1)Registration-required obligation
The term “registration-required obligation” has the meaning given to such term by section 163(f)(2).
(2)Registered form
The term “registered form” has the same meaning as when used in section 163(f).
Treasury Regulations
- Treas. Reg. §Treas. Reg. §1.1287-1 Denial of capital gains treatment for gains on registration-required obligations not in registered form
- Treas. Reg. §Treas. Reg. §1.1287-1(a) In general.
- Treas. Reg. §Treas. Reg. §1.1287-1(b) Registered form—(1) Obligations issued after September 21, 1984.
- Treas. Reg. §Treas. Reg. §1.1287-1(c) Registration-required obligations not in registered form which are not subject to section 1287(c).
- Treas. Reg. §Treas. Reg. §1.1287-1(d) Effective date.
0 Citing Cases
No citing cases found in the corpus.