26 U.S.C. § 65
Ordinary loss defined
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.
Notes of Decisions
Cited in 3
cases, 2004–2020 · leading case: Butts v. Comm'r
Butts v. Comm'r (2015)
“2d 611 (1996) : In this case, we consider the "look-back" period for obtaining a refund of overpaid taxes in the United States Tax Court under 26 U.S.C. § 65 12(b)(3)(B), and decide whether the Tax Court can award a refund of taxes paid more than two years prior to the date on…”
Keefe v. Commissioner of Internal Revenue (2020)
“27 See 26 U.S.C. §§ 65 , 165(a). Section 65 reads, “[f]or purposes of this subtitle, the term ‘ordinary loss’ includes any loss from the sale or exchange of property which is not a capital asset.”
Bell v. United States (2004)
“See 26 U.S.C. § 65 32(a)(1). No. 02-3295 Bell v.”
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