{"identifier":"/us/usc/t26/s64","title":26,"num":"\u00a7\u202f64.","heading":"Ordinary income defined","text":"\u00a7\u202f64.\nOrdinary income defined\nFor purposes of this subtitle, the term \u201cordinary income\u201d includes any gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b). Any gain from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as \u201cordinary income\u201d shall be treated as gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b).","url":"https://projectusc.org/usc/t26/s64.html","content":[{"t":"sec","id":"/us/usc/t26/s64","children":[{"t":"num","text":"\u00a7\u202f64."},{"t":"heading","text":"Ordinary income defined"},{"t":"content","text":"\n","children":[{"t":"p","text":"For purposes of this subtitle, the term \u201cordinary income\u201d includes any gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b). Any gain from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as \u201cordinary income\u201d shall be treated as gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b).","tail":"\n"}]},{"t":"text","text":"\n"}]}]}