26 CFR 1.356-2
§ 1.356-2 Receipt of additional consideration not in connection with an exchange.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.356-2, § 1.356-2 Receipt of additional consideration not in connection with an exchange, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/109667
- Permanent ID
ys:prov:109667@1- SHA-256
75e001281e34ba5e785e6107ff6c3e6f057c653df7f419c8e19f5203eae21099
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If, in a transaction to which section 355 would apply except for the fact that a shareholder (individual or corporate) receives property permitted by section 355 to be received without the recognition of gain, together with other property or money, without the surrender of any stock or securities of the distributing corporation, then the sum of the money and the fair market value of the other property as of the date of the distribution shall be treated as a distribution of property to which the rules of section 301 (other than section 301(b) and section 301(d)) apply. See section 358 for determination of basis of such other property.
(b) Paragraph (a) of this section may be illustrated by the following examples:
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.