Statute · United States Code
26 U.S.C. § 1032 — Exchange of stock for property
26 U.S.C. § 1032
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2026-10-22
(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.
Citator
26 U.S.C. § 1032 — Exchange of stock for property is in force in the current edition of the Code, and nothing recorded condemns it.
(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.