26 USC 1021: Sale of annuities
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26 USC 1021: Sale of annuities Text contains those laws in effect on January 4, 1995
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter O-Gain or Loss on Disposition of PropertyPART II-BASIS RULES OF GENERAL APPLICATION
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§1021. Sale of annuities

In case of the sale of an annuity contract, the adjusted basis shall in no case be less than zero.

(Aug. 16, 1954, ch. 736, 68A Stat. 302 .)

Cross References

Annuities, see section 72 of this title.

Section Referred to in Other Sections

This section is referred to in section 72 of this title.