26 USC 1013: Basis of property included in inventory
Text contains those laws in effect on June 30, 2024
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter O-Gain or Loss on Disposition of PropertyPART II-BASIS RULES OF GENERAL APPLICATION
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§1013. Basis of property included in inventory
If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.