26 CFR § 1.263(f)-1

26 CFR · Internal Revenue

§ 1.263(f)-1 — Reasonable repair allowance.

eCFR · current through Aug 3, 2026

§ 1.263(f)-1 Reasonable repair allowance.

(a)For rules regarding the election of the repair allowance authorized by section 263(f), the definition of repair allowance property, and the conditions under which an election may be made, see paragraphs (d) (2) and (f) of § 1.167(a)-11. An election may be made under this section for a taxable year only if the taxpayer makes an election under § 1.167(a)-11 for such taxable year. (Sec. 263(f), 85 Stat. 509 (26 U.S.C. 263)) [T.D. 7272, 38 FR 9986, Apr. 23, 1973; 38 FR 12919, May 17, 1973, as amended by T.D. 7593, 44 FR 5421, Jan. 26, 1979]

Free access — add to your briefcase to read the full text and ask questions with AI

§ 1.263(f)-1 Reasonable repair allowance.

(a) For rules regarding the election of the repair allowance authorized by section 263(f), the definition of repair allowance property, and the conditions under which an election may be made, see paragraphs (d) (2) and (f) of § 1.167(a)-11. An election may be made under this section for a taxable year only if the taxpayer makes an election under § 1.167(a)-11 for such taxable year.

(Sec. 263(f), 85 Stat. 509 (26 U.S.C. 263)) [T.D. 7272, 38 FR 9986, Apr. 23, 1973; 38 FR 12919, May 17, 1973, as amended by T.D. 7593, 44 FR 5421, Jan. 26, 1979]

26 C.F.R. § 1.263(f)-1 (Reasonable repair allowance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.