Title 26 — Internal Revenue CodeRelease 119-73
§65 Ordinary loss defined
Title 26 › Subtitle Subtitle A— - Income Taxes › Chapter CHAPTER 1— - NORMAL TAXES AND SURTAXES › Subchapter Subchapter B— - Computation of Taxable Income › Part PART I— - DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC. › § 65
Summary
Defines ordinary loss as any loss from selling or exchanging property that is not a capital asset; losses called ordinary loss elsewhere under this subtitle are treated the same.
Full Legal Text
Title 26, §65
Internal Revenue Code — Source: USLM XML via OLRC
For purposes of this subtitle, the term “ordinary loss” includes any loss from the sale or exchange of property which is not a capital asset. Any loss from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as “ordinary loss” shall be treated as loss from the sale or exchange of property which is not a capital asset.
Reference
Citations & Metadata
Citation
26 U.S.C. § 65
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73