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26 U.S.C. § 1013 — Basis of property included in inventory
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 20 words · no verdicts yet
in plain englishAI-generated · not legal advice
If property should have been included in the last inventory, its basis is its value in that inventory.
If the property should have been included in the last inventory, its basis is the value assigned to it in that last inventory.
the actual law source: uscode.house.gov ↗public domain
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.)
history & why it existsrecord from the source credit
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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