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26 U.S.C. § 1032

Title 26 Chapter 1 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 1032. Exchange of stock for property

  • (a) 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) For basis of property acquired by a corporation in certain exchanges for its stock, see section 362.

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