{"data":{"id":"us/26-cfr-1.361-1","jurisdiction":"us","citation":"26 CFR 1.361-1","heading":"-1 Nonrecognition of gain or loss to corporations.","body":"Section 361 provides the general rule that no gain or loss shall be recognized if a corporation, a party to a reorganization, exchanges property in pursuance of the plan of reorganization solely for stock or securities in another corporation, a party to the reorganization. This provision includes only stock and securities received in connection with a reorganization defined in section 368(a). It also includes nonvoting stock and securities in a corporation, a party to a reorganization, received in a transaction to which section 368(a)(1)(C) is applicable only by reason of section 368(a)(2)(B).","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"64a0ba9596891c27f2791bc1ddfebe3f35ccb865b76d176a88cf5ed43a8f19ec","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.358-7","next":"us/26-cfr-1.362-1"},"notice":"GroundRules: Original legal text. Not legal advice."}