Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
54 lines
2.5 KiB
Markdown
54 lines
2.5 KiB
Markdown
---
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type: "LegalText"
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title: "26 U.S.C. § 1287"
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description: "Denial of capital gain treatment for gains on certain obligations not in registered form"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 26
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title_name: "INTERNAL REVENUE CODE"
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chapter_number: "1"
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chapter_name: "NORMAL TAXES AND SURTAXES"
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section: "1287"
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citation: "26 U.S.C. § 1287"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
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source_identifier: "/us/usc/t26/s1287"
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source_file: "data/legal/raw/us/code/title-26/usc26.xml"
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source_hash: "551b3db0c0203450c4ebc3cd135df83c6231e087acde6599e2c4b5a7d5aff75f"
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raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
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text_hash: "2fdf55b2e313cfe238272a8d1ffe4c2766d04a8625a5b4df6bc8dc914c2e21f4"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 26 U.S.C. § 1287 - Denial of capital gain treatment for gains on certain obligations not in registered form
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## Text
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(a) In general If any registration-required obligation is not in registered form, any gain on the sale or other disposition of such obligation shall be treated as ordinary income (unless the issuance of such obligation was subject to tax under section 4701).
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(b) Definitions For purposes of subsection (a)—
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(1) Registration-required obligation The term “registration-required obligation” has the meaning given to such term by section 163(f)(2).
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(2) Registered form The term “registered form” has the same meaning as when used in section 163(f).
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(Added Pub. L. 98–369, div. A, title I, § 41(a), July 18, 1984, 98 Stat. 552; amended Pub. L. 111–147, title V, § 502(a)(2)(D), Mar. 18, 2010, 124 Stat. 107.)
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## Notes
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Editorial Notes
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Amendments2010—Subsec. (b)(1). Pub. L. 111–147 struck out “except that clause (iv) of subparagraph (A), and subparagraph (B), of such section shall not apply” before period.
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Statutory Notes and Related Subsidiaries
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Effective Date of 2010 AmendmentAmendment by Pub. L. 111–147 applicable to obligations issued after the date which is 2 years after Mar. 18, 2010, see section 502(f) of Pub. L. 111–147, set out as a note under section 149 of this title.
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Effective DateSection applicable to taxable years ending after July 18, 1984, except as otherwise provided, see section 44 of Pub. L. 98–369, set out as a note under section 1271 of this title.
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