Internal Revenue Code · 26 U.S.C.
§ 1058. Transfers of securities under certain agreements
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)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 1058
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Added
- August 15, 1978 by Pub. L. 95–345
- Length
- 3 subsections · 235 words · about 1 min to read
- Cross-references
- cites 1; cited by 2 Code sections and 8 other regulations
In the case of a taxpayer who transfers securities (as defined in section 1236(c)) pursuant to an agreement which meets the requirements of subsection (b), no gain or loss shall be recognized on the exchange of such securities by the taxpayer for an obligation under such agreement, or on the exchange of rights under such agreement by that taxpayer for securities identical to the securities transferred by that taxpayer.
(Added Pub. L. 95–345, § 2(d)(1), Aug. 15, 1978, 92 Stat. 482.)
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited by 2 Code sections
Cited in 8 regulations not issued under it
- § 1.382-2T Definition of ownership change under section 382, as amended by the Tax Reform Act of 1986 (temporary).
- § 1.861-2 Interest.
- § 1.861-3 Dividends and income inclusions under sections 951, 951A, and 1293 and associated section 78 dividends.
- § 1.892-3T Income of foreign governments (temporary regulations).
- § 1.892-4 Commercial activities.
- § 1.954-2 Foreign personal holding company income.
- § 1.1473-1 Section 1473 definitions.
- § 1.1474-6 Coordination of chapter 4 with other withholding provisions.
Amendment history
From the source credit and the official notes, newest first.
- Added by Pub. L. 95–345
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter O Gain or Loss on Disposition of Property
- Part IV SPECIAL RULES
Nearby sections
- § 1054 Certain stock of Federal National Mortgage Association
- § 1055 Redeemable ground rents
- § 1056 Repealed
- § 1057 Repealed
- § 1058 Transfers of securities under certain agreements
- § 1059 Corporate shareholder’s basis in stock reduced by nontaxed portion of extraordinary dividends
- § 1059A Limitation on taxpayer’s basis or inventory cost in property imported from related persons
- § 1060 Special allocation rules for certain asset acquisitions
- § 1061 Partnership interests held in connection with performance of services
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Prior Provisions
A prior section 1058 was renumbered section 1063 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable with respect to amounts received after Dec. 31, 1976, as payments with respect to securities loans (as defined in section 512(a)(5) of this title), and transfers of securities, under agreements described in this section, occurring after such date, see section 2(e) of Pub. L. 95–345, set out as an Effective Date of 1978 Amendment note under section 509 of this title.