---
kind: "unit"
title: "26"
title_heading: "Internal Revenue Code"
key: "stA/ch1/schP/ptIV"
level: "part"
label: "Part IV"
heading: "Special Rules for Determining Capital Gains and Losses"
release: "119-102"
url: "https://uscodex.org/usc/26/stA-ch1-schP-ptIV"
sections_count: 31
---

# Part IV — Special Rules for Determining Capital Gains and Losses

Title 26 — Internal Revenue Code › Subtitle A — Income Taxes › Chapter 1 — Normal Taxes and Surtaxes › Subchapter P — Capital Gains and Losses

## Sections

- [§1231. Property used in the trade or business and involuntary conversions](/usc/26/1231.md)
- [§§1232 to 1232B. Repealed.](/usc/26/1232...1232B.md)
- [§1233. Gains and losses from short sales](/usc/26/1233.md)
- [§1234. Options to buy or sell](/usc/26/1234.md)
- [§1234A. Gains or losses from certain terminations](/usc/26/1234A.md)
- [§1234B. Gains or losses from securities futures contracts](/usc/26/1234B.md)
- [§1235. Sale or exchange of patents](/usc/26/1235.md)
- [§1236. Dealers in securities](/usc/26/1236.md)
- [§1237. Real property subdivided for sale](/usc/26/1237.md)
- [§1238. Repealed.](/usc/26/1238.md)
- [§1239. Gain from sale of depreciable property between certain related taxpayers](/usc/26/1239.md)
- [§1240. Repealed.](/usc/26/1240.md)
- [§1241. Cancellation of lease or distributor’s agreement](/usc/26/1241.md)
- [§1242. Losses on small business investment company stock](/usc/26/1242.md)
- [§1243. Loss of small business investment company](/usc/26/1243.md)
- [§1244. Losses on small business stock](/usc/26/1244.md)
- [§1245. Gain from dispositions of certain depreciable property](/usc/26/1245.md)
- [§1246. Repealed.](/usc/26/1246.md)
- [§1247. Repealed.](/usc/26/1247.md)
- [§1248. Gain from certain sales or exchanges of stock in certain foreign corporations](/usc/26/1248.md)
- [§1249. Gain from certain sales or exchanges of patents, etc., to foreign corporations](/usc/26/1249.md)
- [§1250. Gain from dispositions of certain depreciable realty](/usc/26/1250.md)
- [§1251. Repealed.](/usc/26/1251.md)
- [§1252. Gain from disposition of farm land](/usc/26/1252.md)
- [§1253. Transfers of franchises, trademarks, and trade names](/usc/26/1253.md)
- [§1254. Gain from disposition of interest in oil, gas, geothermal, or other mineral properties](/usc/26/1254.md)
- [§1255. Gain from disposition of section 126 property](/usc/26/1255.md)
- [§1256. Section 1256 contracts marked to market](/usc/26/1256.md)
- [§1257. Disposition of converted wetlands or highly erodible croplands](/usc/26/1257.md)
- [§1258. Recharacterization of gain from certain financial transactions](/usc/26/1258.md)
- [§1259. Constructive sales treatment for appreciated financial positions](/usc/26/1259.md)
- [§1260. Gains from constructive ownership transactions](/usc/26/1260.md)