other property
Defined in 1 place of the United States Code.
Except as provided in paragraph (2), the term “other property” includes nonqualified preferred stock (as defined in section 351(g)(2)).
Source
- 2013–present26 U.S.C. § 356Internal Revenue Code · Receipt of additional consideration · for purposes of this section
Except as provided in paragraph (2), the term “other property” includes securities.
Source
- 1994–present26 U.S.C. § 356Internal Revenue Code · Receipt of additional consideration · for purposes of this section
If, in an exchange or distribution described in section 355, the principal amount of the securities in the controlled corporation which are received exceeds the principal amount of the securities in the distributing corporation which are surrendered, then, with respect to such securities received, the term “other property” means only the fair market value of such excess.
Source
- 1994–present26 U.S.C. § 356Internal Revenue Code · Receipt of additional consideration · for purposes of this section
then, with respect to such securities received, the term "other property" means only the fair market value of such excess. For purposes of this subparagraph and subparagraph (C), if no securities are surrendered, the excess shall be the entire principal amount of the securities received.
Source
- 1994–201826 U.S.C. § 356Internal Revenue Code · Receipt of additional consideration · for purposes of this section