26 U.S.C. § 65 : US Code - Section 65: Ordinary loss defined

Search 26 U.S.C. § 65 : US Code - Section 65: Ordinary loss defined

For purposes of this subtitle, the term "ordinary loss" includes
any loss from the sale or exchange of property which is not a
capital asset. Any loss from the sale or exchange of property which
is treated or considered, under other provisions of this subtitle,
as "ordinary loss" shall be treated as loss from the sale or
exchange of property which is not a capital asset.