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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 26 U.S.C. § 1056 Repealed. Pub. L. 108357, title VIII, § 886(b)(1)(A), Oct. 22, 2004, 118 Stat. 1641] us united_states_code code_section 26 INTERNAL REVENUE CODE 1 NORMAL TAXES AND SURTAXES 1056 26 U.S.C. § 1056 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip /us/usc/t26/s1056 data/legal/raw/us/code/title-26/usc26.xml cb21618e6fca0b0a609973e7fe87d669a6232eef01d2b527e93107f8f091ac15 a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4 6e7e7f8af8ae5a49dd7f2d7f9305444b68db1e31063884ed17954ea9cd00073e 2026-07-04 official
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26 U.S.C. § 1056 - Repealed. Pub. L. 108357, title VIII, § 886(b)(1)(A), Oct. 22, 2004, 118 Stat. 1641]

Notes

Section, added Pub. L. 94455, title II, § 212(a)(1), Oct. 4, 1976, 90 Stat. 1545; amended Pub. L. 99514, title VI, § 631(e)(13), Oct. 22, 1986, 100 Stat. 2275, related to basis limitation for player contracts transferred in connection with the sale of a franchise.

A prior section 1056 was renumbered section 1063 of this title.

Statutory Notes and Related Subsidiaries

Effective Date of RepealRepeal applicable to property acquired after Oct. 22, 2004, see section 886(c)(1) of Pub. L. 108357, set out as an Effective Date of 2004 Amendment note under section 197 of this title.