### Question
How does NORMAL TAXES AND SURTAXES define purchase?


### Answer
Under *26 U.S.C. § 1044*, **purchase** is defined as:

> given such term by section 1043(b)(4).

#### Citation:
  - *26 U.S.C. § 1044*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART III-COMMON NONTAXABLE EXCHANGES**

