Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 1287 (2024) — Denial of capital gain treatment for gains on certain obligations not in registered form
In general
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).
Definitions
For purposes of subsection (a)— (1) Registration-required obligation The term "registration-required obligation" has the meaning given to such term by section 163(f)(2). (2) Registered form The term "registered form" has the same meaning as when used in section 163(f).
Source: official text