### Question
How does the law define specified gain?


### Answer
Under *26 U.S.C. § 4982*, **specified gain** is defined as:

> ordinary gain from the sale, exchange, or other disposition of property (including the termination of a position with respect to such property)

#### Citation:
  - *26 U.S.C. § 4982*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 44-QUALIFIED INVESTMENT ENTITIES**

