### Question
How is the "section 1202 gain" defined?


### Answer
The term **section 1202 gain** is defined in *26 U.S.C. § 1* as follows -

> an amount equal to the gain excluded from gross income under section 1202(a)

#### Citation:
  - *26 U.S.C. § 1*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART I-TAX ON INDIVIDUALS**

