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2019 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes
Subchapter O - Gain or Loss on Disposition of Property
Part II - Basis Rules of General Application
Sec. 1013 - Basis of property included in inventory

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Citation 26 U.S.C. § 1013 (2019)
Section Name ยง1013. Basis of property included in inventory
Section Text

If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.

Source Credit

(Aug. 16, 1954, ch. 736, 68A Stat. 296.)

Publication Title United States Code, 2018 Edition, Supplement 1, 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 O - Gain or Loss on Disposition of Property
PART II - BASIS RULES OF GENERAL APPLICATION
Sec. 1013 - Basis of property included in inventory
Contains section 1013
Date 2019
Laws In Effect As Of Date January 24, 2020
Positive Law No
Disposition standard
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