Section 267

The fact that a transaction may have been bona fide and at fair market value is immaterial.
Section 267. Code unannotated title 26. 267 u s. Losses expenses and interest with respect to transactions between related taxpayers a in general 1 deduction for losses disallowed.
345 a effective for sales and other dispositions of property acquired after december 31 2015 by the taxpayer in a sale or exchange to which section 267 a 1 of the internal revenue code of 1986 applied. Section 267 losses expenses and interest with respect to transactions between related taxpayers a in general 1 deduction for losses disallowed no deduction shall be allowed in respect of any loss from the sale or exchange of property directly or indirectly between persons specified in any of the paragraphs of subsection b. The amendment made by this section amending this section shall apply to sales and other dispositions of property acquired after december 31 2015 by the taxpayer in a sale or exchange to which section 267 a 1 of the internal revenue code of 1986 applied.
No deduction shall be allowed in respect of any loss from the sale or exchange of property directly or indirectly between persons specified in any of the paragraphs of subsection b.