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26 U.S.C. § 1021

U.S. CodeFederal
Sale of annuities
About This Law
/us/usc/t26/s1021
Title
26 — Internal Revenue Code
Chapter
STA/CH1
Release
119-84
Release Date
2026-04-17

Section Text

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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.)

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