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Internal Revenue Code (Title 26 U.S.C.)

26 U.S.C. § 1032

Exchange of stock for property

Official textgovinfo.govlast amended

# (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.

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Nearby sections (25 sections)
  1. 1014 · Basis of property acquired from a decedent
  2. 1015 · Basis of property acquired by gifts and transfers in trust
  3. 1016 · Adjustments to basis
  4. 1017 · Discharge of indebtedness
  5. 1018 · [§1018. Repealed. Pub. L. 96–589, §6(h)(1), Dec. 24, 1980, 94…
  6. 1019 · Property on which lessee has made improvements
  7. 1020 · [§1020. Repealed. Pub. L. 94–455, title XIX, §1901(a)(125), Oct.…
  8. 1021 · Sale of annuities
  9. 1022 · [§1022. Repealed. Pub. L. 111–312, title III, §301(a), Dec. 17,…
  10. 1023 · Cross references
  11. 1024 · [§1024. Renumbered §1023]
  12. 1031 · Exchange of real property held for productive use or investment
  13. 1032 · Exchange of stock for property
  14. 1033 · Involuntary conversions
  15. 1034 · [§1034. Repealed. Pub. L. 105–34, title III, §312(b), Aug. 5,…
  16. 1035 · Certain exchanges of insurance policies
  17. 1036 · Stock for stock of same corporation
  18. 1037 · Certain exchanges of United States obligations
  19. 1038 · Certain reacquisitions of real property
  20. 1039 · [§1039. Repealed. Pub. L. 101–508, title XI, §11801(a)(33), Nov.…
  21. 1040 · Transfer of certain farm, etc., real property
  22. 1041 · Transfers of property between spouses or incident to divorce
  23. 1042 · Sales of stock to employee stock ownership plans or certain…
  24. 1043 · Sale of property to comply with conflict-of-interest requirements
  25. 1044 · [§1044. Repealed. Pub. L. 115–97, title I, §13313(a), Dec. 22,…
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