Title 26, Chapter 1 — Normal Taxes and Surtaxes

Tax imposed

Definitions and special rules

Tax tables for individuals

Repealed. Pub. L. 94–455, title V, § 501(b)(1), Oct. 4, 1976, 90 Stat. 1558]

Cross references relating to tax on individuals

Tax imposed

Cross references relating to tax on corporations

Effect of changes

Expenses for household and dependent care services necessary for gainful employment

Credit for the elderly and the permanently and totally disabled

Adoption expenses

Child tax credit

Interest on certain home mortgages

American Opportunity and Lifetime Learning credits

Elective deferrals and IRA contributions by certain individuals

Energy efficient home improvement credit

Residential clean energy credit

Previously-owned clean vehicles

Qualified elementary and secondary education scholarships

Limitation based on tax liability; definition of tax liability

Taxes of foreign countries and possessions of the United States

Renumbered § 45C]

Renumbered § 45K]

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(2)(A), Dec. 19, 2014, 128 Stat. 4037]

Repealed. Pub. L. 115–141, div. U, title IV, § 401(d)(1)(B), Mar. 23, 2018, 132 Stat. 1206]

Alternative motor vehicle credit

Alternative fuel vehicle refueling property credit

Clean vehicle credit

Tax withheld on wages

Earned income

Tax withheld at source on nonresident aliens and foreign corporations

Certain uses of gasoline and special fuels

Health insurance costs of eligible individuals

First-time homebuyer credit

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(5)(A), Dec. 19, 2014, 128 Stat. 4037]

Refundable credit for coverage under a qualified health plan

Renumbered § 23]

Overpayments of tax

General business credit

Carryback and carryforward of unused credits

Alcohol, etc., used as fuel

Biodiesel and renewable diesel used as fuel

Sustainable aviation fuel credit

Credit for increasing research activities

Low-income housing credit

Enhanced oil recovery credit

Expenditures to provide access to disabled individuals

Renumbered § 21]

Repealed. Pub. L. 98–369, div. A, title IV, § 474(m)(1), July 18, 1984, 98 Stat. 833]

Renumbered § 23]

Renumbered § 29]

Renumbered § 40]

Renumbered § 30]

Renumbered § 41]

Renumbered § 45C]

Electricity produced from certain renewable resources, etc.

Indian employment credit

Credit for portion of employer social security taxes paid with respect to employee cash tips

Clinical testing expenses for certain drugs for rare diseases or conditions

New markets tax credit

Small employer pension plan startup costs

Employer-provided child care credit

Railroad track maintenance credit

Credit for production of low sulfur diesel fuel

Credit for producing oil and gas from marginal wells

Credit for production from advanced nuclear power facilities

Credit for producing fuel from a nonconventional source

New energy efficient home credit

Repealed. Pub. L. 115–141, div. U, title IV, § 401(d)(2)(A), Mar. 23, 2018, 132 Stat. 1208]

Mine rescue team training credit

Agricultural chemicals security credit

Employer wage credit for employees who are active duty members of the uniformed services

Credit for carbon oxide sequestration

Employee health insurance expenses of small employers

Employer credit for paid family and medical leave

Auto-enrollment option for retirement savings options provided by small employers

Zero-emission nuclear power production credit

Credit for production of clean hydrogen

Credit for qualified commercial clean vehicles

Advanced manufacturing production credit

Clean electricity production credit

Clean fuel production credit

Military spouse retirement plan eligibility credit for small employers

Amount of credit

Rehabilitation credit

Energy credit

Qualifying advanced coal project credit

Qualifying gasification project credit

Qualifying advanced energy project credit

Advanced manufacturing investment credit

Clean electricity investment credit

At-risk rules

Other special rules

Repealed. Pub. L. 98–369, div. A, title IV, § 474(m)(2), July 18, 1984, 98 Stat. 833]

Amount of credit

Repealed. Pub. L. 109–432, div. A, title I, § 105(e)(4)(A), Dec. 20, 2006, 120 Stat. 2937]

Special rules

Credit for prior year minimum tax liability

Repealed. Pub. L. 115–97, title I, § 13404(a), Dec. 22, 2017, 131 Stat. 2138]

Repealed. Pub. L. 115–97, title I, § 13404(a), Dec. 22, 2017, 131 Stat. 2138]

Repealed. Pub. L. 115–97, title I, § 13404(a), Dec. 22, 2017, 131 Stat. 2138]

Alternative minimum tax imposed

Adjustments in computing alternative minimum taxable income

Adjusted financial statement income

Items of tax preference

Denial of certain losses

Other definitions and special rules

Tax on base erosion payments of taxpayers with substantial gross receipts

Repealed. Pub. L. 101–234, title I, § 102(a), Dec. 13, 1989, 103 Stat. 1980]

Gross income defined

Adjusted gross income defined

Taxable income defined

Ordinary income defined

Ordinary loss defined

Treatment of community income

2-percent floor on miscellaneous itemized deductions

Overall limitation on itemized deductions

Repealed. Pub. L. 115–97, title I, § 11051(b)(1)(B), Dec. 22, 2017, 131 Stat. 2089]

Annuities; certain proceeds of endowment and life insurance contracts

Services of child

Prizes and awards

Dealers in tax-exempt securities

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(14), Oct. 4, 1976, 90 Stat. 1765]

Commodity credit loans

Gross up for deemed paid foreign tax credit

Group-term life insurance purchased for employees

Restoration of value of certain securities

Repealed. Pub. L. 100–203, title X, § 10201(b)(1), Dec. 22, 1987, 101 Stat. 1330–387]

Reimbursement of moving expenses

Property transferred in connection with performance of services

Transfer of appreciated property to political organizations

Unemployment compensation

Social security and tier 1 railroad retirement benefits

Alcohol and biodiesel fuels credits

Certain amounts with respect to nuclear decommissioning costs

Repealed. Pub. L. 101–140, title II, § 202(a), Nov. 8, 1989, 103 Stat. 830]

Illegal Federal irrigation subsidies

Certain foreign branch losses transferred to specified 10-percent owned foreign corporations

Certain death benefits

Gifts and inheritances

Interest on State and local bonds

Repealed. Pub. L. 99–514, title XIII, § 1301(j)(1), Oct. 22, 1986, 100 Stat. 2657]

Compensation for injuries or sickness

Amounts received under accident and health plans

Contributions by employer to accident and health plans

Rental value of parsonages

Income from discharge of indebtedness

Improvements by lessee on lessor’s property

Qualified lessee construction allowances for short-term leases

Recovery of tax benefit items

Certain combat zone compensation of members of the Armed Forces

Repealed. Pub. L. 101–508, title XI, § 11801(a)(7), Nov. 5, 1990, 104 Stat. 1388–520]

Repealed. Pub. L. 108–357, title I, § 101(a), Oct. 22, 2004, 118 Stat. 1423]

Income of States, municipalities, etc.

Repealed. Pub. L. 99–514, title VI, § 612(a), Oct. 22, 1986, 100 Stat. 2250]

Qualified scholarships

Contributions to the capital of a corporation

Meals or lodging furnished for the convenience of the employer

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(19)(A), Dec. 19, 2014, 128 Stat. 4039]

Exclusion of gain from sale of principal residence

Certain reduced uniformed services retirement pay

Amounts received under insurance contracts for certain living expenses

Repealed. Pub. L. 101–508, title XI, § 11801(a)(9), Nov. 5, 1990, 104 Stat. 1388–520]

Cafeteria plans

Certain cost-sharing payments

Educational assistance programs

Employer contributions to Trump accounts

Dependent care assistance programs

Certain personal injury liability assignments

Certain foster care payments

Certain fringe benefits

Repealed. Pub. L. 104–188, title I, § 1602(a), Aug. 20, 1996, 110 Stat. 1833]

Certain military benefits

Income from United States savings bonds used to pay higher education tuition and fees

Energy conservation subsidies provided by public utilities

Adoption assistance programs

Medicare Advantage MSA

Disaster relief payments

Federal subsidies for prescription drug plans

Benefits provided to volunteer firefighters and emergency medical responders

Certain disability-related first responder retirement payments

Indian health care benefits

Indian general welfare benefits

Certain amounts received by wrongfully incarcerated individuals

Assignments to Alaska Native Settlement Trusts

Interest received in action to recover property seized by the Internal Revenue Service based on structuring transaction

Continuation coverage premium assistance

Certain contributions to Trump accounts

Scholarships for qualified elementary or secondary education expenses of eligible students

Interest on loans secured by rural or agricultural real property

Cross references to other Acts

Private activity bond; qualified bond

Exempt facility bond

Mortgage revenue bonds: qualified mortgage bond and qualified veterans’ mortgage bond

Qualified small issue bond; qualified student loan bond; qualified redevelopment bond

Qualified 501(c)(3) bond

Volume cap

Other requirements applicable to certain private activity bonds

Arbitrage

Bonds must be registered to be tax exempt; other requirements

Definitions and special rules

Allowance of deductions for personal exemptions

Dependent defined

Cross references

Allowance of deductions

Trade or business expenses

Interest

Taxes

Losses

Bad debts

Depreciation

Accelerated cost recovery system

Amortization of pollution control facilities

Charitable, etc., contributions and gifts

Amortizable bond premium

Net operating loss deduction

Circulation expenditures

Amortization of research and experimental expenditures

Domestic research or experimental expenditures

Soil and water conservation expenditures; endangered species recovery expenditures

Payments with respect to employees of certain foreign corporations

Repealed. Pub. L. 99–514, title II, § 241(a), Oct. 22, 1986, 100 Stat. 2181]

Amortization of cost of acquiring a lease

Election to expense certain depreciable business assets

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(34)(A), Dec. 19, 2014, 128 Stat. 4042]

Deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations

Election to expense certain refineries

Energy efficient commercial buildings deduction

Election to expense advanced mine safety equipment

Expenditures by farmers for fertilizer, etc.

Treatment of certain qualified productions

Repealed. Pub. L. 99–514, title IV, § 402(a), Oct. 22, 1986, 100 Stat. 2221]

Activities not engaged in for profit

Repealed. Pub. L. 101–508, title XI, § 11801(a)(12), Nov. 5, 1990, 104 Stat. 1388–520]

Repealed. Pub. L. 99–514, title II, § 242(a), Oct. 22, 1986, 100 Stat. 2181]

Recoveries of damages for antitrust violations, etc.

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(31), Oct. 4, 1976, 90 Stat. 1769]

Repealed. Pub. L. 101–508, title XI, § 11801(a)(13), Nov. 5, 1990, 104 Stat. 1388–520]

Repealed. Pub. L. 99–514, title VIII, § 803(b)(1), Oct. 22, 1986, 100 Stat. 2355]

Expenditures to remove architectural and transportation barriers to the handicapped and elderly

Repealed. Pub. L. 97–34, title II, § 212(d)(1), Aug. 13, 1981, 95 Stat. 239]

Contributions to black lung benefit trust

Tertiary injectants

Treatment of reforestation expenditures

Contributions to employer liability trusts

Start-up expenditures

Deduction for certain unused business credits

Amortization of goodwill and certain other intangibles

Expensing of environmental remediation costs

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(35), Dec. 19, 2014, 128 Stat. 4042]

Repealed. Pub. L. 115–97, title I, § 13305(a), Dec. 22, 2017, 131 Stat. 2126]

Qualified business income

Allowance of deductions

Expenses for production of income

Medical, dental, etc., expenses

Repealed. Pub. L. 94–455, title V, § 504(b)(1), Oct. 4, 1976, 90 Stat. 1565]

Repealed. Pub. L. 115–97, title I, § 11051(a), Dec. 22, 2017, 131 Stat. 2089]

Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder

Moving expenses

Repealed. Pub. L. 95–600, title I, § 113(a)(1), Nov. 6, 1978, 92 Stat. 2778]

Retirement savings

Archer MSAs

Interest on education loans

Repealed. Pub. L. 116–260, div. EE, title I, § 104(b)(1), Dec. 27, 2020, 134 Stat. 3041]

Health savings accounts

Qualified tips

Qualified overtime compensation

Cross reference

Allowance of special deductions

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(33), Oct. 4, 1976, 90 Stat. 1769]

Dividends received by corporations

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(41)(A), Dec. 19, 2014, 128 Stat. 4043]

Dividends received from certain foreign corporations

Deduction for foreign source-portion of dividends received by domestic corporations from specified 10-percent owned foreign corporations

Rules applying to deductions for dividends received

Dividends received deduction reduced where portfolio stock is debt financed

Contributions to Alaska Native Settlement Trusts

Organizational expenditures

Limitation on deduction of bond premium on repurchase

Foreign-derived deduction eligible income and net CFC tested income

General rule for disallowance of deductions

Personal, living, and family expenses

Capital expenditures

Capitalization and inclusion in inventory costs of certain expenses

Certain amounts paid in connection with insurance contracts

Expenses and interest relating to tax-exempt income

Carrying charges

Losses, expenses, and interest with respect to transactions between related taxpayers

Certain related party amounts paid or accrued in hybrid transactions or with hybrid entities

Sale of land with unharvested crop

Acquisitions made to evade or avoid income tax

Personal service corporations formed or availed of to avoid or evade income tax

Stapled entities

Repealed. Pub. L. 91–172, title II, § 213(b), Dec. 30, 1969, 83 Stat. 572]

Debts owed by political parties, etc.

Disposal of coal or domestic iron ore

Holders of life or terminable interest

Disallowance of certain entertainment, etc., expenses

Certain taxes

Certain indirect contributions to political parties

Deductions incurred by certain membership organizations in transactions with members

Repealed. Pub. L. 99–514, title VIII, § 803(b)(6), Oct. 22, 1986, 100 Stat. 2356]

Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation

Repealed. Pub. L. 99–514, title VIII, § 803(b)(2)(A), Oct. 22, 1986, 100 Stat. 2355]

Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.

Demolition of structures

Certain expenses for which credits are allowable

Repealed. Pub. L. 100–418, title I, § 1941(b)(4)(A), Aug. 23, 1988, 102 Stat. 1324]

Expenditures in connection with the illegal sale of drugs

Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes

Golden parachute payments

Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years

Terminal railroad corporations and their shareholders

Special rules relating to corporate preference items

Distributions of property

Distributions in redemption of stock

Distributions in redemption of stock to pay death taxes

Redemption through use of related corporations

Distributions of stock and stock rights

Dispositions of certain stock

Basis of stock and stock rights acquired in distributions

Taxability of corporation on distribution

Effect on earnings and profits

Dividend defined

Other definitions

Constructive ownership of stock

Gain or loss to shareholder in corporate liquidations

Complete liquidations of subsidiaries

Repealed. Pub. L. 99–514, title VI, § 631(e)(3), Oct. 22, 1986, 100 Stat. 2273]

Basis of property received in liquidations

Gain or loss recognized on property distributed in complete liquidation

Nonrecognition for property distributed to parent in complete liquidation of subsidiary

Certain stock purchases treated as asset acquisitions

Repealed. Pub. L. 108–27, title III, § 302(e)(4)(A), May 28, 2003, 117 Stat. 763]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(47), Oct. 4, 1976, 90 Stat. 1772]

Definition and special rule

Transfer to corporation controlled by transferor

Exchanges of stock and securities in certain reorganizations

Distribution of stock and securities of a controlled corporation

Receipt of additional consideration

Assumption of liability

Basis to distributees

Nonrecognition of gain or loss to corporations; treatment of distributions

Basis to corporations

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(49), Oct. 4, 1976, 90 Stat. 1773]

Foreign corporations

Definitions relating to corporate reorganizations

Repealed. Pub. L. 101–508, title XI, § 11801(a)(19), Nov. 5, 1990, 104 Stat. 1388–521]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(52), Oct. 4, 1976, 90 Stat. 1773]

Repealed. Pub. L. 101–508, title XI, § 11801(a)(19), Nov. 5, 1990, 104 Stat. 1388–521]

Carryovers in certain corporate acquisitions

Limitation on net operating loss carryforwards and certain built-in losses following ownership change

Special limitations on certain excess credits, etc.

Limitation on use of preacquisition losses to offset built-in gains

Treatment of certain interests in corporations as stock or indebtedness

Repealed. Pub. L. 100–647, title I, § 1006(e)(8)(A), Nov. 10, 1988, 102 Stat. 3401]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(55), Oct. 4, 1976, 90 Stat. 1773]

Qualified pension, profit-sharing, and stock bonus plans

Taxability of beneficiary of employees’ trust

Optional treatment of elective deferrals as Roth contributions

Taxation of employee annuities

Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan

Deduction for certain foreign deferred compensation plans

Repealed. Pub. L. 98–369, div. A, title IV, § 491(a), July 18, 1984, 98 Stat. 848]

Employees of foreign affiliates covered by section 3121(l) agreements

Certain employees of domestic subsidiaries engaged in business outside the United States

Individual retirement accounts

Roth Iras

Qualifications for tax credit employee stock ownership plans

Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans

Minimum participation standards

Minimum vesting standards

Minimum funding standards

Collectively bargained plans, etc.

Definitions and special rules

Requirements related to automatic enrollment

Limitations on benefits and contribution under qualified plans

Special rules for top-heavy plans

Definitions and special rules for purposes of minimum survivor annuity requirements

Repealed. Pub. L. 113–235, div. O, title I, § 108(b)(1), Dec. 16, 2014, 128 Stat. 2787]

Insolvent plans

Treatment of funded welfare benefit plans

Qualified asset account; limitation on additions to account

Transfers of excess pension assets to retiree health accounts

General rules

Incentive stock options

Renumbered § 422]

Employee stock purchase plans

Definitions and special rules

Renumbered § 424]

Minimum funding standards for single-employer defined benefit pension plans

Minimum funding standards for multiemployer plans

Additional funding rules for multiemployer plans in endangered status or critical status

Minimum funding standards for CSEC plans

Funding-based limits on benefits and benefit accruals under single-employer plans

Period for computation of taxable income

Change of annual accounting period

Returns for a period of less than 12 months

Election of taxable year other than required taxable year

General rule for methods of accounting

Method of accounting for corporations engaged in farming

Limitation on use of cash method of accounting

General rule for taxable year of inclusion

Repealed. June 15, 1955, ch. 143, § 1(a), 69 Stat. 134]

Installment method

Special rules for nondealers

Gain or loss on disposition of installment obligations

Repealed. Pub. L. 100–203, title X, § 10202(a)(1), Dec. 22, 1987, 101 Stat. 1330–388]

Obligations issued at discount

Prepaid subscription income

Prepaid dues income of certain membership organizations

Deferred compensation plans of State and local governments and tax-exempt organizations

Nonqualified deferred compensation from certain tax indifferent parties

Magazines, paperbacks, and records returned after the close of the taxable year

Special rules for long-term contracts

General rule for taxable year of deduction

Repealed. June 15, 1955, ch. 143, § 1(b), 69 Stat. 134]

Repealed. Pub. L. 100–203, title X, § 10201(a), Dec. 22, 1987, 101 Stat. 1330–387]

Limitations on deductions for certain farming expenses

Deductions limited to amount at risk

Repealed. Pub. L. 99–514, title VIII, § 823(a), Oct. 22, 1986, 100 Stat. 2373]

Certain payments for the use of property or services

Special rules for mining and solid waste reclamation and closing costs

Special rules for nuclear decommissioning costs

Special rules for designated settlement funds

Passive activity losses and credits limited

Limitation on deductions allocable to property used by governments or other tax-exempt entities

General rule for inventories

Last-in, first-out inventories

Qualified liquidations of LIFO inventories

Simplified dollar-value LIFO method for certain small businesses

Mark to market accounting method for dealers in securities

Adjustments required by changes in method of accounting

Allocation of income and deductions among taxpayers

Interest on certain deferred payments

Exemption from tax on corporations, certain trusts, etc.

Feeder organizations

Requirements for exemption

Status after organization ceases to qualify for exemption under section 501(c)(3) because of substantial lobbying or because of political activities

Additional requirements for organizations described in paragraph (9) or (17) of section 501(c)

Organizations required to notify Secretary of intent to operate under 501(c)(4)

Termination of private foundation status

Special rules with respect to section 501(c)(3) organizations

Private foundation defined

Imposition of tax on unrelated business income of charitable, etc., organizations

Unrelated business taxable income

Unrelated trade or business

Unrelated debt-financed income

Taxes of foreign countries and possessions of the United States

Exemption of farmers’ cooperatives from tax

Repealed. Pub. L. 87–834, § 17(b)(2), Oct. 16, 1962, 76 Stat. 1051]

Shipowners’ protection and indemnity associations

Political organizations

Certain homeowners associations

Qualified tuition programs

Qualified ABLE programs

Coverdell education savings accounts

Trump accounts

Imposition of accumulated earnings tax

Corporations subject to accumulated earnings tax

Evidence of purpose to avoid income tax

Burden of proof

Accumulated taxable income

Income not placed on annual basis

Reasonable needs of the business

Imposition of personal holding company tax

Definition of personal holding company

Personal holding company income

Rules for determining stock ownership

Undistributed personal holding company income

Income not placed on annual basis

Deduction for deficiency dividends

Repealed. Pub. L. 108–357, title IV, § 413(a)(1), Oct. 22, 2004, 118 Stat. 1506]

Definition of deduction for dividends paid

Rules applicable in determining dividends eligible for dividends paid deduction

Rules relating to dividends paid after close of taxable year

Dividend carryover

Consent dividends

Definition of bank

Bad debts, losses, and gains with respect to securities held by financial institutions

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(82), Oct. 4, 1976, 90 Stat. 1778]

Common trust funds

Reserves for losses on loans of banks

Repealed. Pub. L. 99–514, title IX, § 901(c), Oct. 22, 1986, 100 Stat. 2378]

Deduction for dividends paid on deposits

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(83), Oct. 4, 1976, 90 Stat. 1778]

Reserves for losses on loans

Alternative tax for mutual savings banks conducting life insurance business

Repealed. Pub. L. 104–188, title I, § 1616(b)(8), (9), Aug. 20, 1996, 110 Stat. 1857]

Treatment of transactions in which Federal financial assistance provided

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(85), Oct. 4, 1976, 90 Stat. 1778]

Allowance of deduction for depletion

Basis for cost depletion

Percentage depletion

Limitations on percentage depletion in case of oil and gas wells

Definition of property

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(88), Oct. 4, 1976, 90 Stat. 1779]

Development expenditures

Deduction and recapture of certain mining exploration expenditures

Repealed. Pub. L. 101–508, title XI, § 11801(a)(28), Nov. 5, 1990, 104 Stat. 1388–521]

Gain or loss in the case of timber, coal, or domestic iron ore

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(90), Oct. 4, 1976, 90 Stat. 1779]

Income tax treatment of mineral production payments

Continental shelf areas

Imposition of tax

Special rules for credits and deductions

Definitions applicable to subparts A, B, C, and D

Taxable year of trusts

Certain revocable trusts treated as part of estate

Tax treatment of electing Alaska Native Settlement Trusts

Deduction for trusts distributing current income only

Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only

Deduction for estates and trusts accumulating income or distributing corpus

Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus

Special rules applicable to sections 661 and 662

Charitable remainder trusts

Definitions applicable to subpart D

Accumulation distribution allocated to preceding years

Treatment of amounts deemed distributed by trust in preceding years

Interest charge on accumulation distributions from foreign trusts

Repealed. Pub. L. 94–455, title VII, § 701(d)(1), Oct. 4, 1976, 90 Stat. 1578]

Trust income, deductions, and credits attributable to grantors and others as substantial owners

Definitions and rules

Reversionary interests

Power to control beneficial enjoyment

Administrative powers

Power to revoke

Income for benefit of grantor

Person other than grantor treated as substantial owner

Foreign trusts having one or more United States beneficiaries

Limitation on charitable deduction

Repealed. Pub. L. 115–97, title I, § 11051(b)(1)(C), Dec. 22, 2017, 131 Stat. 2089]

Use of trust as an exchange fund

Recognition of gain on certain transfers to certain foreign trusts and estates

Treatment of funeral trusts

Recipients of income in respect of decedents

Income taxes of members of Armed Forces, astronauts, and victims of certain terrorist attacks on death

Partners, not partnership, subject to tax

Income and credits of partner

Partnership computations

Partner’s distributive share

Determination of basis of partner’s interest

Taxable years of partner and partnership

Transactions between partner and partnership

Continuation of partnership

Treatment of organization and syndication fees

Nonrecognition of gain or loss on contribution

Basis of contributing partner’s interest

Basis of property contributed to partnership

Character of gain or loss on contributed unrealized receivables, inventory items, and capital loss property

Extent of recognition of gain or loss on distribution

Basis of distributed property other than money

Basis of distributee partner’s interest

Adjustment to basis of undistributed partnership property where section 754 election or substantial basis reduction

Character of gain or loss on disposition of distributed property

Payments to a retiring partner or a deceased partner’s successor in interest

Recognition of precontribution gain in case of certain distributions to contributing partner

Recognition and character of gain or loss on sale or exchange

Basis of transferee partner’s interest

Special rules where section 754 election or substantial built-in loss

Unrealized receivables and inventory items

Treatment of certain liabilities

Partner receiving income in respect of decedent

Manner of electing optional adjustment to basis of partnership property

Rules for allocation of basis

Terms defined

Repealed. Pub. L. 114–74, title XI, § 1101(b)(1), Nov. 2, 2015, 129 Stat. 625]

Tax imposed

Life insurance gross income

Life insurance deductions

General deductions

Repealed. Pub. L. 115–97, title I, § 13512(a), Dec. 22, 2017, 131 Stat. 2142]

Rules for certain reserves

Policyholder dividends deduction

Repealed. Pub. L. 108–218, title II, § 205(a), Apr. 10, 2004, 118 Stat. 610]

Repealed. Pub. L. 115–97, title I, § 13511(b)(1), Dec. 22, 2017, 131 Stat. 2142]

Accounting provisions

Definition of company’s share and policyholder’s share

Repealed. Pub. L. 100–203, title X, § 10242(c)(1), Dec. 22, 1987, 101 Stat. 1330–423]

Contiguous country branches of domestic life insurance companies

Repealed. Pub. L. 115–97, title I, § 13514(a), Dec. 22, 2017, 131 Stat. 2143]

Life insurance company defined

Treatment of variable contracts

Special rules for modified guaranteed contracts

Other definitions and special rules

Tax on insurance companies other than life insurance companies

Insurance company taxable income

Treatment of Blue Cross and Blue Shield organizations, etc.

Determination of taxable investment income

Election by reciprocal

Credit for foreign taxes

Foreign companies carrying on insurance business

Annual accounting period

Repealed. Pub. L. 115–97, title I, § 13511(b)(2)(A), Dec. 22, 2017, 131 Stat. 2142]

Certain reinsurance agreements

Discounted unpaid losses defined

Repealed. Pub. L. 115–97, title I, § 13516(a), Dec. 22, 2017, 131 Stat. 2144]

Capitalization of certain policy acquisition expenses

Definition of regulated investment company

Taxation of regulated investment companies and their shareholders

Foreign tax credit allowed to shareholders

Credits from tax credit bonds allowed to shareholders

Limitations applicable to dividends received from regulated investment company

Dividends paid by regulated investment company after close of taxable year

Definition of real estate investment trust

Taxation of real estate investment trusts and their beneficiaries

Dividends paid by real estate investment trust after close of taxable year

Adoption of annual accounting period

Deduction for deficiency dividends

Taxation of REMIC’s

Taxation of holders of regular interests

Taxation of residual interests

REMIC defined

Treatment of income in excess of daily accruals on residual interests

Other rules

Other definitions and special rules

Repealed. Pub. L. 108–357, title VIII, § 835(a), Oct. 22, 2004, 118 Stat. 1593]

Income from sources within the United States

Income from sources without the United States

Special rules for determining source

Definitions and special rules

Source rules for personal property sales

Tax on nonresident alien individuals

Gross income

Deductions

Allowance of deductions and credits

Partnerships; beneficiaries of estates and trusts

Alien residents of Puerto Rico, Guam, American Samoa, or the Northern Mariana Islands

Expatriation to avoid tax

Tax responsibilities of expatriation

Foreign educational, charitable, and certain other exempt organizations

Tax treatment of certain community income in the case of nonresident alien individuals

Tax on income of foreign corporations not connected with United States business

Tax on income of foreign corporations connected with United States business

Exclusions from gross income

Branch profits tax

Cross references

Imposition of tax on gross transportation income of nonresident aliens and foreign corporations

Doubling of rates of tax on citizens and corporations of certain foreign countries

Income of foreign governments and of international organizations

Compensation of employees of foreign governments or international organizations

Income affected by treaty

Income derived by a foreign central bank of issue from obligations of the United States or from bank deposits

Adjustment of tax on nationals, residents, and corporations of certain foreign countries

Disposition of investment in United States real property

Taxable year of certain foreign corporations

Taxes of foreign countries and of possessions of United States

Repealed. Pub. L. 115–97, title I, § 14301(a), Dec. 22, 2017, 131 Stat. 2221]

Credit for taxes in lieu of income, etc., taxes

Limitation on credit

Applicable rules

Nonresident alien individuals and foreign corporations

Special rules in case of foreign oil and gas income

Reduction of credit for participation in or cooperation with an international boycott

Suspension of taxes and credits until related income taken into account

Citizens or residents of the United States living abroad

Exemption for certain allowances

Repealed. Pub. L. 97–34, title I, § 112(a), Aug. 13, 1981, 95 Stat. 194]

Repealed. Pub. L. 106–519, § 2, Nov. 15, 2000, 114 Stat. 2423]

Income from sources within Guam, American Samoa, or the Northern Mariana Islands

Coordination of United States and Virgin Islands income taxes

Income from sources within Puerto Rico

Limitation on reduction in income tax liability incurred to the Virgin Islands

Repealed. Pub. L. 99–514, title XII, § 1275(c)(3), Oct. 22, 1986, 100 Stat. 2599]

Repealed. Pub. L. 99–514, title XII, § 1272(d)(2), Oct. 22, 1986, 100 Stat. 2594]

Repealed. Pub. L. 115–141, div. U, title IV, § 401(d)(1)(C), Mar. 23, 2018, 132 Stat. 1206]

Residence and source rules involving possessions

Repealed. Pub. L. 108–357, title I, § 101(b)(1), Oct. 22, 2004, 118 Stat. 1423]

Amounts included in gross income of United States shareholders

Net CFC tested income included in gross income of United States shareholders

Amounts included in gross income of foreign controlled United States shareholders

Subpart F income defined

Insurance income

Foreign base company income

Repealed. Pub. L. 115–97, title I, § 14212(a), Dec. 22, 2017, 131 Stat. 2217]

Investment of earnings in United States property

Repealed. Pub. L. 104–188, title I, § 1501(a)(2), Aug. 20, 1996, 110 Stat. 1825]

Controlled foreign corporations; United States persons

Rules for determining stock ownership

Exclusion from gross income of previously taxed earnings and profits

Deemed paid credit for subpart F inclusions

Adjustments to basis of stock in controlled foreign corporations and of other property

Election by individuals to be subject to tax at corporate rates

Repealed. Pub. L. 94–12, title VI, § 602(a)(1), Mar. 29, 1975, 89 Stat. 58]

Miscellaneous provisions

Treatment of deferred foreign income upon transition to participation exemption system of taxation

Reduction of subpart F income of export trade corporations

Definitions

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(120), Oct. 4, 1976, 90 Stat. 1784]

Repealed. Pub. L. 94–455, title X, § 1012(b)(2), Oct. 4, 1976, 90 Stat. 1614]

Admissibility of documentation maintained in foreign countries

Functional currency

Determination of foreign taxes and foreign corporation’s earnings and profits

Branch transactions

Treatment of certain foreign currency transactions

Other definitions and special rules

Taxation of a domestic international sales corporation

Requirements of a domestic international sales corporation

Definitions and special rules

Inter-company pricing rules

Taxation of DISC income to shareholders

Rules for allocation in the case of distributions and losses

Special subchapter C rules

Reports by taxpayers; determinations

Reserved]

Determination of amount of and recognition of gain or loss

Repealed. Pub. L. 94–455, title XIX, § 1901(b)(28)(B)(i), Oct. 4, 1976, 90 Stat. 1799]

Adjusted basis for determining gain or loss

Basis of property—cost

Basis of property included in inventory

Basis of property acquired from a decedent

Basis of property acquired by gifts and transfers in trust

Adjustments to basis

Discharge of indebtedness

Repealed. Pub. L. 96–589, § 6(h)(1), Dec. 24, 1980, 94 Stat. 3410]

Property on which lessee has made improvements

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(125), Oct. 4, 1976, 90 Stat. 1784]

Sale of annuities

Repealed. Pub. L. 111–312, title III, § 301(a), Dec. 17, 2010, 124 Stat. 3300]

Cross references

Renumbered § 1023]

Exchange of real property held for productive use or investment

Exchange of stock for property

Involuntary conversions

Repealed. Pub. L. 105–34, title III, § 312(b), Aug. 5, 1997, 111 Stat. 839]

Certain exchanges of insurance policies

Stock for stock of same corporation

Certain exchanges of United States obligations

Certain reacquisitions of real property

Repealed. Pub. L. 101–508, title XI, § 11801(a)(33), Nov. 5, 1990, 104 Stat. 1388–521]

Transfer of certain farm, etc., real property

Transfers of property between spouses or incident to divorce

Sales of stock to employee stock ownership plans or certain cooperatives

Sale of property to comply with conflict-of-interest requirements

Repealed. Pub. L. 115–97, title I, § 13313(a), Dec. 22, 2017, 131 Stat. 2133]

Rollover of gain from qualified small business stock to another qualified small business stock

Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(78), Dec. 19, 2014, 128 Stat. 4049]

Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939

Property acquired before March 1, 1913

Certain stock of Federal National Mortgage Association

Redeemable ground rents

Repealed. Pub. L. 108–357, title VIII, § 886(b)(1)(A), Oct. 22, 2004, 118 Stat. 1641]

Repealed. Pub. L. 105–34, title XI, § 1131(c)(2), Aug. 5, 1997, 111 Stat. 980]

Transfers of securities under certain agreements

Corporate shareholder’s basis in stock reduced by nontaxed portion of extraordinary dividends

Limitation on taxpayer’s basis or inventory cost in property imported from related persons

Special allocation rules for certain asset acquisitions

Partnership interests held in connection with performance of services

Gain from the sale or exchange of qualified farmland property to qualified farmers

Cross references

Repealed. Pub. L. 104–7, § 2(a), Apr. 11, 1995, 109 Stat. 93]

Repealed. Pub. L. 109–135, title IV, § 402(a)(1), Dec. 21, 2005, 119 Stat. 2610]

Loss from wash sales of stock or securities

Straddles

Repealed. Pub. L. 101–508, title XI, § 11801(a)(34), Nov. 5, 1990, 104 Stat. 1388–521]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(134), Oct. 4, 1976, 90 Stat. 1786]

Repealed. Pub. L. 115–97, title I, § 13001(b)(2)(A), Dec. 22, 2017, 131 Stat. 2096]

Partial exclusion for gain from certain small business stock

Limitation on capital losses

Capital loss carrybacks and carryovers

Capital asset defined

Other terms relating to capital gains and losses

Holding period of property

Property used in the trade or business and involuntary conversions

Repealed. Pub. L. 98–369, div. A, title I, § 42(a)(1), July 18, 1984, 98 Stat. 556]

Gains and losses from short sales

Options to buy or sell

Gains or losses from certain terminations

Gains or losses from securities futures contracts

Sale or exchange of patents

Dealers in securities

Real property subdivided for sale

Repealed. Pub. L. 101–508, title XI, § 11801(a)(35), Nov. 5, 1990, 104 Stat. 1388–521]

Gain from sale of depreciable property between certain related taxpayers

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(139), Oct. 4, 1976, 90 Stat. 1787]

Cancellation of lease or distributor’s agreement

Losses on small business investment company stock

Loss of small business investment company

Losses on small business stock

Gain from dispositions of certain depreciable property

Repealed. Pub. L. 108–357, title IV, § 413(a)(2), (3), Oct. 22, 2004, 118 Stat. 1506]

Gain from certain sales or exchanges of stock in certain foreign corporations

Gain from certain sales or exchanges of patents, etc., to foreign corporations

Gain from dispositions of certain depreciable realty

Repealed. Pub. L. 98–369, div. A, title IV, § 492(a), July 18, 1984, 98 Stat. 853]

Gain from disposition of farm land

Transfers of franchises, trademarks, and trade names

Gain from disposition of interest in oil, gas, geothermal, or other mineral properties

Gain from disposition of section 126 property

Section 1256 contracts marked to market

Disposition of converted wetlands or highly erodible croplands

Recharacterization of gain from certain financial transactions

Constructive sales treatment for appreciated financial positions

Gains from constructive ownership transactions

Treatment of amounts received on retirement or sale or exchange of debt instruments

Current inclusion in income of original issue discount

Determination of amount of original issue discount

Determination of issue price in the case of certain debt instruments issued for property

Special rules for certain transactions where stated principal amount does not exceed $2,800,000

Other definitions and special rules

Disposition gain representing accrued market discount treated as ordinary income

Deferral of interest deduction allocable to accrued market discount

Definitions and special rules

Current inclusion in income of discount on certain short-term obligations

Deferral of interest deduction allocable to accrued discount

Definitions and special rules

Tax treatment of stripped bonds

Denial of capital gain treatment for gains on certain obligations not in registered form

Treatment of original issue discount on tax-exempt obligations

Interest on tax deferral

Current taxation of income from qualified electing funds

Election to extend time for payment of tax on undistributed earnings

Qualified electing fund

Election of mark to market for marketable stock

Passive foreign investment company

Special rules

Averaging of farm income

Correction of error

Circumstances of adjustment

Definitions

Amount and method of adjustment

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(143), Oct. 4, 1976, 90 Stat. 1788]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(144), Oct. 4, 1976, 90 Stat. 1788]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(145)(A), Oct. 4, 1976, 90 Stat. 1788]

Computation of tax where taxpayer restores substantial amount held under claim of right

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(147), Oct. 4, 1976, 90 Stat. 1788]

Repealed. Pub. L. 94–455, title XIX, § 1901(a)(148), Oct. 4, 1976, 90 Stat. 1788]

Repealed. Pub. L. 94–455, title XIX, § 1951(b)(12)(A), Oct. 4, 1976, 90 Stat. 1840]

Repealed. Pub. L. 97–34, title I, § 101(c)(1), Aug. 13, 1981, 95 Stat. 183]

Treatment of recoveries of foreign expropriation losses

Alternative tax on qualifying shipping activities

Notional shipping income

Alternative tax election; revocation; termination

Definitions and special rules

Qualifying shipping activities

Items not subject to regular tax; depreciation; interest

Allocation of credits, income, and deductions

Disposition of qualifying vessels

S corporation defined

Election; revocation; termination

Effect of election on corporation

Pass-thru of items to shareholders

Adjustments to basis of stock of shareholders, etc.

Distributions

Coordination with subchapter C

Partnership rules to apply for fringe benefit purposes

Foreign income

Tax imposed on certain built-in gains

Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts

Definitions and special rule

Taxable year of S corporation

Transitional rules on enactment

Organizations to which part applies

Taxable income of cooperatives

Computation of tax where cooperative redeems nonqualified written notices of allocation or nonqualified per-unit retain certificates

Amounts includible in patron’s gross income

Definitions; special rules

Designation procedure

Eligibility criteria

Definitions and special rules

Tax-exempt enterprise zone facility bonds

Empowerment zone employment credit

Other definitions and special rules

Increase in expensing under section 179

Nonrecognition of gain on rollover of empowerment zone investments

Enterprise zone business defined

Qualified zone property defined

Repealed. Pub. L. 115–97, title I, § 13404(c)(1), Dec. 22, 2017, 131 Stat. 2138]

Regulations

Rules relating to individuals’ title 11 cases

No separate taxable entities for partnerships, corporations, etc.

Repealed. Pub. L. 115–141, div. U, title IV, § 401(d)(4)(A), Mar. 23, 2018, 132 Stat. 1209]

Repealed. Pub. L. 115–141, div. U, title IV, § 401(d)(5)(A), Mar. 23, 2018, 132 Stat. 1210]

Repealed. Pub. L. 115–141, div. U, title IV, § 401(d)(6)(A), Mar. 23, 2018, 132 Stat. 1211]

Designation

Special rules for capital gains invested in opportunity zones