# 26 U.S.C. § 1287: Denial of capital gain treatment for gains on certain obligations not in registered form

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s1287>. Cite pinpoints as 26 U.S.C. § 1287(a)(1).

## § 1287(a) In general

If any registration-required obligation is not in registered form, any gain on the sale or other disposition of such obligation shall be treated as ordinary income (unless the issuance of such obligation was subject to tax under section 4701).

## § 1287(b) Definitions

For purposes of subsection (a)—

**§ 1287(b)(1) Registration-required obligation.** The term “registration-required obligation” has the meaning given to such term by section 163(f)(2).

**§ 1287(b)(2) Registered form.** The term “registered form” has the same meaning as when used in section 163(f).

## Regulations

- [Treas. Reg. § 1.1287-1](/26/reg/1.1287-1.md): Denial of capital gains treatment for gains on registration-required obligations not in registered form. (interprets § 1287)

## Proposed regulations (not in force)

- [Prop. Treas. Reg. § 1.1287-1](/26/prop/1.1287-1_2017-19753.md): Denial of capital gains treatment for gains on registration-required obligations not in registered form. (REG-125374-16, proposed 2017-09-19)

## Connections

Cites: § 163 Interest; § 4701 Tax on issuer of registration-required obligation not in registered form

Cited by: § 165 Losses

## Amendments

- 1984-07-18: [Pub. L. 98-369](/26/act/98-369.md), 98 Stat. 552
- 2010-03-18: [Pub. L. 111-147](/26/act/111-147.md), 124 Stat. 107