### Question
How does SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES define floor specialist?


### Answer
Under *26 U.S.C. § 1236*, **floor specialist** is defined as:

> a person who is—



(A) a member of a national securities exchange,



(B) is registered as a specialist with the exchange, and



(C) meets the requirements for specialists established by the Securities and Exchange Commission

#### Citation:
  - *26 U.S.C. § 1236*
  - 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**

