Ordinary loss defined

1 rule

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.

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Encodings · 1

ordinary_loss26 USC § 65 · derived

26 USC 65

name: ordinary_loss
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 65
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/65
          excerpt: >-
            the term “ordinary loss” includes any loss from the sale or exchange
            of property which is not a capital asset
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/65
          excerpt: >-
            Any loss from the sale or exchange of property which is treated or
            considered, under other provisions of this subtitle, as “ordinary
            loss”
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/65
          excerpt: >-
            shall be treated as loss from the sale or exchange of property which
            is not a capital asset
versions:
  - effective_from: '1990-01-01'
    formula: >-
      max(0,
      losses_from_sales_or_exchanges_of_property_which_is_not_a_capital_asset)

      + max(0,
      losses_from_sales_or_exchanges_of_property_treated_or_considered_as_ordinary_loss_under_other_provisions_of_this_subtitle)

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statutes/26/65.yaml

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Rules

ordinary_loss

Derived

source: 26 USC 65

- name: ordinary_loss
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 65
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/65
            excerpt: >-
              the term “ordinary loss” includes any loss from the sale or exchange of property which
              is not a capital asset
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/65
            excerpt: >-
              Any loss from the sale or exchange of property which is treated or considered, under
              other provisions of this subtitle, as “ordinary loss”
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/65
            excerpt: >-
              shall be treated as loss from the sale or exchange of property which is not a capital
              asset
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        max(0, losses_from_sales_or_exchanges_of_property_which_is_not_a_capital_asset)

        + max(0,
        losses_from_sales_or_exchanges_of_property_treated_or_considered_as_ordinary_loss_under_other_provisions_of_this_subtitle)

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