26 C.F.R. § 1.1052-3. - § 1.1052-3 Basis of Property Established by the Internal Revenue Code of 1939.

Current as of January 1, 1970

Section 1.1052-3 - § 1.1052-3 Basis of Property Established by the Internal Revenue Code of 1939.Section 1.1052-3 - § 1.1052-3 Basis of Property Established by the Internal Revenue Code of 1939.

Section 1.1052-2 - § 1.1052-2 Basis of Property Established by Revenue Act of 1934.Section 1.1053-1 - § 1.1053-1 Property Acquired Before March 1, 1913.

§ 1.1052-3 Basis of property established by the Internal Revenue Code of 1939.

Section 1052(c) provides that if property was acquired after February 28, 1913, in a transaction to which the Internal Revenue Code of 1939 applied and the basis thereof was prescribed by section 113(a) (6), (7), (8), (13), (15), (18), (19) or (23) of such Code, then for purposes of subtitle A of the Internal Revenue Code of 1954, the basis shall be the same as the basis prescribed in the Internal Revenue Code of 1939. In such cases, see section 113(a) of the Internal Revenue Code of 1939 and the regulations thereunder.

Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.