# 26 U.S.C. § 1021: Sale of annuities

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s1021>. Cite pinpoints as 26 U.S.C. § 1021(a)(1).

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

## Regulations

- [Treas. Reg. § 1.1021-1](/26/reg/1.1021-1.md): Sale of annuities. (interprets § 1021)

## Connections

Cites: none

Cited by: § 72 Annuities; certain proceeds of endowment and life insurance contracts

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 302