Section 1212

Armed forces 1212.

Section 1212. For the rules applicable to a taxpayer other than a corporation in the treatment of that amount of a net capital loss which may be carried over under section 1212 and this subparagraph as a short term capital loss to the first taxable year beginning after december 31 1963 see paragraph b of this section. This section also includes debt instruments backed by u s. Any functions of the special counsel that are required because of the amendments made by this section enacting section 7515 of this title amending this section and sections 1212 to 1214 1217 to 1219 1221 2302 4301 4302 4313 4505a 5755 and 7326 of this title and sections 3657 and 3673 of title 22 foreign relations and intercourse repealing section 2307 of this title and former.

1954 as amended by section 512 of the tax reform act of 1969 in the case of a corporation which makes an election under subsection b any net capital loss sustained in a taxable year beginning after december 31 1969 may not be carried back to any taxable year beginning before january 1 1970 for which it was subject to taxation under section 802 of such code section 802 of this title if. Internal revenue code 26 usca section 1212. 1212 a 1 in general if a corporation has a net capital loss for any taxable year hereinafter in this paragraph referred to as the loss year the amount thereof shall be i r c.

Code 1212 disability severance pay. Treasury securities that represent ownership interests in those securities. Disability severance pay on westlaw findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system.

Read the code on findlaw. Section 101 of the act amended section 1212 a to allow rics to carry forward net capital losses indefinitely and to preserve the treatment of components of those losses as long term or short term. The obligations listed in section ii are arranged by maturity date.

1212 a 1 a a capital loss carryback to each of the 3 taxable years preceding the loss year but only to the extent. 1954 as amended by section 512 of the tax reform act of 1969 in the case of a corporation which makes an election under subsection b any net capital loss sustained in a taxable year beginning after december 31 1969 may not be carried back to any taxable year beginning before january 1 1970 for which it was subject to taxation under section 802 of such code section 802 of this title. A for purposes of applying section 1212 a of the internal revenue code of 1986 formerly i r c.