### Question
How is the "reportable policy sale" defined?


### Answer
The term **reportable policy sale** is defined in *26 U.S.C. § 6050Y* as follows -

> given such term in section 101(a)(3)(B).

#### Citation:
  - *26 U.S.C. § 6050Y*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART III-INFORMATION RETURNS > Subpart B-Information Concerning Transactions With Other Persons**

