Title 26 — Internal Revenue CodeRelease 119-73

§1021 Sale of annuities

Title 26 › Subtitle Subtitle A— - Income Taxes › Chapter CHAPTER 1— - NORMAL TAXES AND SURTAXES › Subchapter Subchapter O— - Gain or Loss on Disposition of Property › Part PART II— - BASIS RULES OF GENERAL APPLICATION › § 1021

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 26, §1021

Internal Revenue Code — Source: USLM XML via OLRC

In case of the sale of an annuity contract, the adjusted basis shall in no case be less than zero.

Reference

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Citation

26 U.S.C. § 1021

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73