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26 U.S.C. § 1057 — Repealed. Pub. L. 105–34, title XI, § 1131(c)(2), Aug. 5, 1997, 111 Stat. 980]
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 94–455, title X, § 1015(c), Oct. 4, 1976, 90 Stat. 1618, related to election to treat transfer to foreign trust, etc., as taxable exchange.
A prior section 1057 was renumbered [section 1063 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section1063&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-26/section-1057-repealed-pub-l-10534-title-xi-1131-c-2-aug-5-1997-111-stat-980--45acff6e6a.md
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Source location: Title 26, Chapter 1, § 1057; chapter-001-normal-taxes-and-surtaxes.md
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### Statutory Notes
Section, added Pub. L. 94–455, title X, § 1015(c), Oct. 4, 1976, 90 Stat. 1618, related to election to treat transfer to foreign trust, etc., as taxable exchange.
A prior section 1057 was renumbered [section 1063 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section1063&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
(1) For nonrecognition of gain in connection with the transfer of obsolete vessels to the Maritime Administration under chapter 573 of title 46, United States Code, see [section 57307 of title 46](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section57307&num=0&edition=prelim).
(2) For recognition of gain or loss in connection with the construction of new vessels, see chapter 533 of title 46, United States Code.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1063
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Federal law — U.S. Code and appendices · legal_authorities
Page 2295
TITLE 26—INTERNAL REVENUE CODE
§ 1059
1 So in original. Probably should be followed by a comma.
§ 631(e)(13), Oct. 22, 1986, 100 Stat. 2275, related to basis
limitation for player contracts transferred in connec-
tion with the sale of a franchise.
A prior section 1056 was renumbered section 1062 of
this title.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Repeal applicable to property acquired after Oct. 22,
2004, see section 886(c)(1) of Pub. L. 108–357, set out as
an Effective Date of 2004 Amendment note under sec-
tion 197 of this title.
[§ 1057.
Repealed.
Pub.
L.
105–34,
title
XI,
§ 1131(c)(2), Aug. 5, 1997, 111 Stat. 980]
Section, added Pub. L. 94–455, title X, § 1015(c), Oct. 4,
1976, 90 Stat. 1618, related to election to treat transfer
to foreign trust, etc., as taxable exchange.
A prior section 1057 was renumbered section 1062 of
this title.
§ 1058. Transfers of securities under certain
agreements
(a) General rule
In the case of a taxpayer who transfers securi-
ties (as defined in section 1236(c)) pursuant to an
agreement which meets the requirements of sub-
section (b), no gain or loss shall be recognized on
the exchange of such securities by the taxpayer
for an obligation under such agreement, or on
the exchange of rights under such agreement by
that taxpayer for securities identical to the se-
curities transferred by that taxpayer.
(b) Agreement requirements
In order to meet the requirements of this sub-
section, an agreement shall—
(1) provide for the return to the transferor of
securities identical to the securities trans-
ferred;
(2) require that payments shall be made to
the transferor of amounts equivalent to all in-
terest, dividends, and other distributions
which the owner of the securit
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 1057
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.