TaxGuided
United States IRC sections

Statute section

IRC section 1222

Other terms relating to capital gains and losses

Country

United States

Section

1222

Updated

2026-05-20

Operative text

Section 1222 defines various capital-gain and capital-loss concepts, including short-term capital gain, long-term capital gain, and net capital gain. Long-term treatment requires the asset to be held for more than one year.

Cross-references

26 U.S.C. 122126 U.S.C. 1411

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Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.