### Question
How is the "section 1256 contract" defined?


### Answer
The term **section 1256 contract** is defined in *26 U.S.C. § 1402* as follows -

> 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**

