26 USC 1012: Basis of property-cost
Text contains those laws in effect on January 23, 2000
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
§1012. Basis of property-cost
The basis of property shall be the cost of such property, except as otherwise provided in this subchapter and subchapters C (relating to corporate distributions and adjustments), K (relating to partners and partnerships), and P (relating to capital gains and losses). The cost of real property shall not include any amount in respect of real property taxes which are treated under section 164(d) as imposed on the taxpayer.
(Aug. 16, 1954, ch. 736,
Cross References
Involuntary conversions, see section 1033 of this title.
Section Referred to in Other Sections
This section is referred to in sections 1011, 1033, 1043, 1044, 1045, 1278, 1361 of this title.