### Question
How is the term securities futures contract defined?


### Answer
The term **securities futures contract** is defined in *26 U.S.C. § 1234B* as the following:

> any security future (as defined in section 3(a)(55)(A) of the Securities Exchange Act of 1934, as in effect on the date of the enactment of this section)

#### Citation:
  - *26 U.S.C. § 1234B*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART IV-SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES**

