26 C.F.R. § 1.261-1. - § 1.261-1 General Rule for Disallowance of Deductions.

Current as of January 1, 1970

Section 1.261-1 - § 1.261-1 General Rule for Disallowance of Deductions.Section 1.261-1 - § 1.261-1 General Rule for Disallowance of Deductions.

Section 1.250(b)-6 - § 1.250(b)-6 Related Party Transactions.Section 1.262-1 - § 1.262-1 Personal, Living, and Family Expenses.

§ 1.261-1 General rule for disallowance of deductions.

In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.

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