Title 26 — Internal Revenue CodeRelease 119-73not60
§1021 Sale of Annuities
Title 26 › Subtitle Subtitle A— Income Taxes › Chapter 1— NORMAL TAXES AND SURTAXES › Subchapter O— Gain or Loss on Disposition of Property › Part II— BASIS RULES OF GENERAL APPLICATION › § 1021
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 5, 2026
Release point: 119-73not60