26 CFR · Internal Revenue
§ 1.167(g)-1 — Basis for depreciation.
26 CFR § 1.167(g)-1
This text of 26 C.F.R. § 1.167(g)-1 (Basis for depreciation.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 C.F.R. § 1.167(g)-1 (2026).
Text
§ 1.167(g)-1 Basis for depreciation.
The basis upon which the allowance for depreciation is to be computed with respect to any property shall be the adjusted basis provided in section 1011 for the purpose of determining gain on the sale or other disposition of such property. In the case of property which has not been used in the trade or business or held for the production of income and which is thereafter converted to such use, the fair market value on the date of such conversion, if less than the adjusted basis of the property at that time, is the basis for computing depreciation.
[T.D. 6500, 25 FR 11402, Nov. 26, 1960. Redesignated, T.D. 6712, 29 FR 3653, Mar. 24, 1964]
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Related
§ 1.167
26 C.F.R. § 1.167
Nearby Sections
11
§ 1.167(b)-4
Other methods.§ 1.167(c)-1
Limitations on methods of computing depreciation under section 167(b) (2), (3), and (4).§ 1.167(e)-1
Change in method.§ 1.167(g)-1
Basis for depreciation.Cite This Page — Counsel Stack
Bluebook (online)
26 C.F.R. § 1.167(g)-1, Counsel Stack Legal Research, https://law.counselstack.com/cfr/26/1/1.167(g)-1.