26 USC 1013: Basis of property included in inventory
Text contains those laws in effect on November 14, 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
Jump To: Source Credit
§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.