{"data":{"id":"us/26-u.s.c.-683","jurisdiction":"us","citation":"26 U.S.C. § 683","heading":"Use of trust as an exchange fund","body":"(a) General ruleExcept as provided in subsection (b), if property is transferred to a trust in exchange for an interest in other trust property and if the trust would be an investment company (within the meaning of section 351) if it were a corporation, then gain shall be recognized to the transferor. (b) Exception for pooled income fundsSubsection (a) shall not apply to any transfer to a pooled income fund (within the meaning of section 642(c)(5)).","path":["Title 26—INTERNAL REVENUE CODE","CHAPTER 1—NORMAL TAXES AND SURTAXES"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc26@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:58:25Z","sha256":"3d2cbc2ec140b4e72050e97132055e1323d143802f18b292aec2b65fb2e4f176","source_id":"us","stale":false,"prev":"us/26-u.s.c.-682","next":"us/26-u.s.c.-684"},"notice":"GroundRules: Original legal text. Not legal advice."}