Section 1221(redirected from 26 U.S.C.§1221)
Section 1221 (26 U.S.C.§1221)
The Internal Revenue Code section that defines a capital asset by explanation of things that are not capital assets.To find the law's text, see the instructions at Section (federal code).
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.