26 U.S.C. § 1032
Exchange of stock for property
# (a) Nonrecognition of gain or loss
No gain or loss shall be recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury stock) of such corporation. No gain or loss shall be recognized by a corporation with respect to any lapse or acquisition of an option, or with respect to a securities futures contract (as defined in section 1234B), to buy or sell its stock (including treasury stock).
# (b) Basis
For basis of property acquired by a corporation in certain exchanges for its stock, see section 362.
Source: view the official text
Cited by 15
- 26 CFR § 1.1032-1 — Disposition by a corporation of its own capital stock.
- 26 CFR § 1.1232-3 — Gain upon sale or exchange of obligations issued at a discount after December 31, 1954.
- 26 CFR § 1.1502-13 — Intercompany transactions.
- 26 CFR § 1.382-1T — Table of contents (temporary).
- 26 CFR § 1.382-2T — Definition of ownership change under section 382, as amended by the Tax Reform Act of 1986 (temporary).
- 26 CFR § 1.385-3 — Certain distributions of debt instruments and similar transactions.
- 26 CFR § 1.404(a)-12 — Contributions of an employer under a plan that does not meet the requirements of section 401(a); application of section 404(a)(5).
- 26 CFR § 1.475(c)-2 — Definitions—security.
- 26 CFR § 1.61-6 — Gains derived from dealings in property.
- 26 CFR § 1.684-3 — Exceptions to general rule of gain recognition.
- 26 CFR § 1.705-1 — Determination of basis of partner's interest.
- 26 CFR § 1.705-2 — Basis adjustments coordinating sections 705 and 1032.
Nearby sections (25 sections)
- 1014 · Basis of property acquired from a decedent
- 1015 · Basis of property acquired by gifts and transfers in trust
- 1016 · Adjustments to basis
- 1017 · Discharge of indebtedness
- 1018 · Repealed. Pub. L. 96–589, § 6(h)(1), Dec. 24, 1980, 94 Stat. 3410
- 1019 · Property on which lessee has made improvements
- 1020 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(125), Oct. 4,…
- 1021 · Sale of annuities
- 1022 · Repealed. Pub. L. 111–312, title III, § 301(a), Dec. 17, 2010,…
- 1023 · Cross references
- 1024 · Renumbered § 1023
- 1031 · Exchange of real property held for productive use or investment
- 1032 · Exchange of stock for property
- 1033 · Involuntary conversions
- 1034 · Repealed. Pub. L. 105–34, title III, § 312(b), Aug. 5, 1997, 111…
- 1035 · Certain exchanges of insurance policies
- 1036 · Stock for stock of same corporation
- 1037 · Certain exchanges of United States obligations
- 1038 · Certain reacquisitions of real property
- 1039 · Repealed. Pub. L. 101–508, title XI, § 11801(a)(33), Nov. 5,…
- 1040 · Transfer of certain farm, etc., real property
- 1041 · Transfers of property between spouses or incident to divorce
- 1042 · Sales of stock to employee stock ownership plans or certain…
- 1043 · Sale of property to comply with conflict-of-interest requirements
- 1044 · Repealed. Pub. L. 115–97, title I, § 13313(a), Dec. 22, 2017,…