### Question
What does nonequity option mean?


### Answer
**Nonequity option** has the following meaning in *26 U.S.C. § 1256*:

> any listed option which is not an equity option

#### Citation:
  - *26 U.S.C. § 1256*
  - 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**

