2017 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes
Subchapter I - Natural Resources
Part I - Deductions
Sec. 612 - Basis for cost depletion

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Citation 26 U.S.C. § 612 (2017)
Section Name ยง612. Basis for cost depletion
Section Text

Except as otherwise provided in this subchapter, the basis on which depletion is to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain upon the sale or other disposition of such property.

Source Credit

(Aug. 16, 1954, ch. 736, 68A Stat. 208.)

Publication Title United States Code, 2012 Edition, Supplement 5, Title 26 - INTERNAL REVENUE CODE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 26 - INTERNAL REVENUE CODE
Subtitle A - Income Taxes
CHAPTER 1 - NORMAL TAXES AND SURTAXES
Subchapter I - Natural Resources
PART I - DEDUCTIONS
Sec. 612 - Basis for cost depletion
Contains section 612
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law No
Disposition standard
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