1. LawStack
  2. Title 26 - INTERNAL REVENUE CODE
  3. Subtitle A - Income Taxes
  4. Chapter 1 - NORMAL TAXES AND SURTAXES
  5. Subchapter O - Gain or Loss on Disposition of Property
  6. Part II - BASIS RULES OF GENERAL APPLICATION
  7. 26 USC § 1021
26 USC § 1021
Sale of annuities
through Public Law 119-27, except Public Law 119-21
USC

In case of the sale of an annuity contract, the adjusted basis shall in no case be less than zero.
Previous
§ 1020 Repealed. Pub. L. 94–455, title XIX, §1901(a)(125), Oct. 4, 1976, 90 Stat. 1784]
Next
§ 1022 Repealed. Pub. L. 111–312, title III, §301(a), Dec. 17, 2010, 124 Stat. 3300]

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