### Question
Can you define what section 1256 contract means?


### Answer
**Section 1256 contract** is defined as the following in *26 U.S.C. § 1402*:

> given to such term by section 1256(b).

#### Citation:
  - *26 U.S.C. § 1402*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 2-TAX ON SELF-EMPLOYMENT INCOME**

