# 26 U.S.C. § 64: Ordinary income defined

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t26_s64

## Section

- **Citation:** 26 U.S.C. § 64
- **Heading:** Ordinary income defined
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 16, 2026
- **Source:** Publisher's official text
- **Location:** Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter B—Computation of Taxable Income > PART I—DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC.

## Text

For purposes of this subtitle, the term “ordinary income” includes any gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b). Any gain from the sale or exchange of property which is treated or considered, under other provisions of this subtitle, as “ordinary income” shall be treated as gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231(b).

(Added Pub. L. 94–455, title XIX, § 1901(a)(10) , Oct. 4, 1976 , 90 Stat. 1765 .)

## Nearby sections

- [26 U.S.C. § 61 Gross income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s61.md)
- [26 U.S.C. § 62 Adjusted gross income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s62.md)
- [26 U.S.C. § 63 Taxable income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s63.md)
- [26 U.S.C. § 64 Ordinary income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s64.md)
- [26 U.S.C. § 65 Ordinary loss defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s65.md)
- [26 U.S.C. § 66 Treatment of community income](https://www.frixlaw.com/law-library/statutes/usc_t26_s66.md)
- [26 U.S.C. § 67 2-percent floor on miscellaneous itemized deductions](https://www.frixlaw.com/law-library/statutes/usc_t26_s67.md)
- [26 U.S.C. § 68 Overall limitation on itemized deductions](https://www.frixlaw.com/law-library/statutes/usc_t26_s68.md)
- [26 U.S.C. § 71 Repealed. Pub. L. 115–97, title I, § 11051(b)(1)(B) , Dec. 22, 2017 , 131 Stat. 2089 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s71.md)
- [26 U.S.C. § 72 Annuities; certain proceeds of endowment and life insurance contracts](https://www.frixlaw.com/law-library/statutes/usc_t26_s72.md)
- [26 U.S.C. § 73 Services of child](https://www.frixlaw.com/law-library/statutes/usc_t26_s73.md)
- [26 U.S.C. § 74 Prizes and awards](https://www.frixlaw.com/law-library/statutes/usc_t26_s74.md)
- [26 U.S.C. § 75 Dealers in tax-exempt securities](https://www.frixlaw.com/law-library/statutes/usc_t26_s75.md)
- [26 U.S.C. § 76 Repealed. Pub. L. 94–455, title XIX, § 1901(a)(14) , Oct. 4, 1976 , 90 Stat. 1765 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s76.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t26_s64. Check the current official text before relying on it. Not legal advice.