1. U.S. Code
  2. title 26
  3. subtitle A
  4. chapter 1
  5. subchapter O
  6. part II
  7. § 1021

View all text of Part II [§ 1011 - § 1024]

§ 1021. Sale of annuities

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.)

CITE AS: 26 USC 1021