Amendments
2018—Par. (13). Pub. L. 115-141 substituted “subsections (a)(2) and (c)(2)(A) of section 1202” for “sections 1202(a)(2), 1202(c)(2)(A), 1400B(b), and 1400F(b)”.
2014—Par. (1). Pub. L. 113-295, § 221(a)(80)(A), struck out “after March 1, 1954,” after “such exchanges” in introductory provisions.
Par. (4). Pub. L. 113-295, § 221(a)(80)(B), struck out “(or under so much of section 1052(c) as refers to section 113(a)(23) of the Internal Revenue Code of 1939)” after “section 307”. Amendment was executed to reflect the probable intent of Congress notwithstanding a second set of quotation marks around the text directed to be stricken.
Par. (6). Pub. L. 113-295, § 221(a)(80)(C), struck out par. (6) which read as follows: “In determining the period for which the taxpayer has held a residence, the acquisition of which resulted under section 1034 (as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997) in the nonrecognition of any part of the gain realized on the sale or exchange of another residence, there shall be included the period for which such other residence had been held as of the date of such sale or exchange. For purposes of this paragraph, the term ‘sale or exchange’ includes an involuntary conversion occurring after December 31, 1950, and before January 1, 1954.”
Par. (8). Pub. L. 113-295, § 221(a)(80)(C), struck out par. (8) which read as follows: “Any reference in this section to a provision of this title shall, where applicable, be deemed a reference to the corresponding provision of the Internal Revenue Code of 1939, or prior internal revenue laws.”
2005—Pars. (3) to (16). Pub. L. 109-135 redesignated pars. (4) to (16) as (3) to (15), respectively, and struck out former par. (3) which read as follows: “In determining the period for which the taxpayer has held stock or securities received upon a distribution where no gain was recognized to the distributee under section 1081(c) (or under section 112(g) of the Revenue Act of 1928, 45 Stat. 818, or the Revenue Act of 1932, 48 Stat. 705), there shall be included the period for which he held the stock or securities in the distributing corporation before the receipt of the stock or securities on such distribution.”
2004—Pars. (10) to (17). Pub. L. 108-357 redesignated pars. (11) to (17) as (10) to (16), respectively, and struck out former par. (10) which read as follows: “In determining the period for which the taxpayer has held trust certificates of a trust to which subsection (d) of section 1246 applies, or the period for which the taxpayer has held stock in a corporation to which subsection (d) of section 1246 applies, there shall be included the period for which the trust or corporation (as the case may be) held the stock of foreign investment companies.”
2000—Par. (15). Pub. L. 106-554, § 1(a)(7) [title I, § 116(b)(2)], amended par. (15) generally. Prior to amendment, par. (15) read as follows: “In determining the period for which the taxpayer has held property the acquisition of which resulted under section 1045 in the nonrecognition of any part of the gain realized on the sale of other property, there shall be included the period for which such other property has been held as of the date of such sale.”
Pars. (16), (17). Pub. L. 106-554, § 1(a)(7) [title IV, § 401(h)(1)], added par. (16) and redesignated former par. (16) as (17).
1998—Pars. (11), (12). Pub. L. 105-206, § 6005(d)(4), substituted “18 months” for “1 year” in subpar. (B) and concluding provisions.
Pub. L. 105-206, § 5001(a)(5), substituted “1 year” for “18 months” in subpar. (B) and concluding provisions.
1997—Par. (7). Pub. L. 105-34, § 312(d)(9), inserted “(as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997)” after “section 1034”.
Pars. (15), (16). Pub. L. 105-34, § 313(b)(2), added par. (15) and redesignated former par. (15) as (16).
1989—Pars. (14), (15). Pub. L. 101-194 added par. (14) and redesignated former par. (14) as (15).
1988—Par. (14). Pub. L. 100-647 amended par. (14) generally, substituting “reference” for “references” in heading, striking out “(A)” before “For special holding”, and striking out subpar. (B) which related to distributions of appreciated property to corporations.
1984—Pars. (11), (12). Pub. L. 98-369, § 1001(b)(14), (e), substituted “6 months” for “1 year”, applicable to property acquired after June 22, 1984, and before Jan. 1, 1988. See Effective Date of 1984 Amendment note below.
Par. (13). Pub. L. 98-369, § 541(b)(1), added par. (13). Former par. (13) redesignated (14).
Par. (14). Pub. L. 98-369, § 541(b)(1), redesignated former par. (13) as (14).
Pub. L. 98-369, § 54(c), designated existing cross reference as subpar. (A) and added subpar. (B).
1983—Par. (8). Pub. L. 97-448, § 105(c)(4), inserted “(other than a commodity futures contract to which section 1256 applies)” after “acquired in satisfaction of a commodity futures contract”.
Pars. (12), (13). Pub. L. 97-448, § 104(b)(3)(C), added par. (12) and redesignated former par. (12) as (13).
1980—Par. (11)(A). Pub. L. 96-223 repealed the amendment made by Pub. L. 95-600. See 1978 Amendment note below.
1978—Par. (11)(A). Pub. L. 95-600 inserted reference to determination of basis of property under section 1023. See Repeals note below.
1976—Par. (5). Pub. L. 94-455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.
Par. (11). Pub. L. 94-455, § 1402(b)(2), provided that “9 months” would be changed to “1 year”.
Pub. L. 94-455, § 1402(b)(1)(Q), provided that “6 months” would be changed to “9 months” for taxable years beginning in 1977.
1970—Pars. (11), (12). Pub. L. 91-614 added par. (11) and redesignated former par. (11) as (12).
1962—Pars. (10), (11). Pub. L. 87-834 added par. (10) and redesignated former par. (10) as (11).