26 U.S.C. § 1059A — Limitation on taxpayer’s basis or inventory cost in property imported from related persons

(a) If property is imported into the United States directly or indirectly between related persons under section 482, costs included both in the purchaser’s basis or inventory cost and in the property’s customs value cannot exceed the amount of those costs included in customs value when computing the basis or inventory cost under this chapter. (b)(1) “Customs value” means the value used to determine customs duties or other duties imposed on importing property. (2) Unless regulations provide otherwise, “import” means entering the United States or withdrawing property from a warehouse for consumption. This section does not define “related persons”; it refers to section 482.