26 U.S.C. § 64 : US Code - Section 64: Ordinary income defined

Search 26 U.S.C. § 64 : US Code - Section 64: Ordinary income defined

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).