{"identifier":"/us/usc/t26/s1287","title":26,"num":"\u00a7\u202f1287.","heading":"Denial of capital gain treatment for gains on certain obligations not in registered form","text":"\u00a7\u202f1287.\nDenial of capital gain treatment for gains on certain obligations not in registered form\n(a)\nIn general\nIf 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).\n(b)\nDefinitions\nFor purposes of subsection (a)\u2014\n(1)\nRegistration-required obligation\nThe term \u201cregistration-required obligation\u201d has the meaning given to such term by section 163(f)(2).\n(2)\nRegistered form\nThe term \u201cregistered form\u201d has the same meaning as when used in section 163(f).","url":"https://projectusc.org/usc/t26/s1287.html","content":[{"t":"sec","id":"/us/usc/t26/s1287","children":[{"t":"num","text":"\u00a7\u202f1287."},{"t":"heading","text":"Denial of capital gain treatment for gains on certain obligations not in registered form"},{"t":"subsec","id":"/us/usc/t26/s1287/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"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).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s1287/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Definitions"},{"t":"chapeau","text":"For purposes of subsection (a)\u2014"},{"t":"para","id":"/us/usc/t26/s1287/b/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Registration-required obligation"},{"t":"content","children":[{"t":"p","text":"The term \u201cregistration-required obligation\u201d has the meaning given to such term by section 163(f)(2).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t26/s1287/b/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Registered form"},{"t":"content","children":[{"t":"p","text":"The term \u201cregistered form\u201d has the same meaning as when used in section 163(f).","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}