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Internal Revenue Code · 26 U.S.C.

Subchapter O. Gain or Loss on Disposition of Property

Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). The official version is at uscode.house.gov (external site).

  1. Part I DETERMINATION OF AMOUNT OF AND RECOGNITION OF GAIN OR LOSS §§ 1001–1002

    1. § 1001 Determination of amount of and recognition of gain or loss
    2. § 1002 Repealed

  2. Part II BASIS RULES OF GENERAL APPLICATION §§ 1011–1024

    1. § 1011 Adjusted basis for determining gain or loss
    2. § 1012 Basis of property—cost
    3. § 1013 Basis of property included in inventory
    4. § 1014 Basis of property acquired from a decedent
    5. § 1015 Basis of property acquired by gifts and transfers in trust
    6. § 1016 Adjustments to basis
    7. § 1017 Discharge of indebtedness
    8. § 1018 Repealed
    9. § 1019 Property on which lessee has made improvements
    10. § 1020 Repealed
    11. § 1021 Sale of annuities
    12. § 1022 Repealed
    13. § 1023 Cross references
    14. § 1024 Renumbered

  3. Part III COMMON NONTAXABLE EXCHANGES §§ 1031–1045

    1. § 1031 Exchange of real property held for productive use or investment
    2. § 1032 Exchange of stock for property
    3. § 1033 Involuntary conversions
    4. § 1034 Repealed
    5. § 1035 Certain exchanges of insurance policies
    6. § 1036 Stock for stock of same corporation
    7. § 1037 Certain exchanges of United States obligations
    8. § 1038 Certain reacquisitions of real property
    9. § 1039 Repealed
    10. § 1040 Transfer of certain farm, etc., real property
    11. § 1041 Transfers of property between spouses or incident to divorce
    12. § 1042 Sales of stock to employee stock ownership plans or certain cooperatives
    13. § 1043 Sale of property to comply with conflict-of-interest requirements
    14. § 1044 Repealed
    15. § 1045 Rollover of gain from qualified small business stock to another qualified small business stock

  4. Part IV SPECIAL RULES §§ 1051–1063

    1. § 1051 Repealed
    2. § 1052 Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939
    3. § 1053 Property acquired before March 1, 1913
    4. § 1054 Certain stock of Federal National Mortgage Association
    5. § 1055 Redeemable ground rents
    6. § 1056 Repealed
    7. § 1057 Repealed
    8. § 1058 Transfers of securities under certain agreements
    9. § 1059 Corporate shareholder’s basis in stock reduced by nontaxed portion of extraordinary dividends
    10. § 1059A Limitation on taxpayer’s basis or inventory cost in property imported from related persons
    11. § 1060 Special allocation rules for certain asset acquisitions
    12. § 1061 Partnership interests held in connection with performance of services
    13. § 1062 Gain from the sale or exchange of qualified farmland property to qualified farmers
    14. § 1063 Cross references

  5. Part V REPEALED § 1071

    1. § 1071 Repealed

  6. Part VI REPEALED § 1081–1083

    1. § 1081–1083 Repealed

  7. Part VII WASH SALES; STRADDLES §§ 1091–1092

    1. § 1091 Loss from wash sales of stock or securities
    2. § 1092 Straddles

  8. Part VIII REPEALED § 1101–1103

    1. § 1101–1103 Repealed

  9. Part IX REPEALED § 1111

    1. § 1111 Repealed