FEDERAL · 26 U.S.C. · Chapter 1
Property acquired before March 1, 1913
Current through Pub. L. 119-102
In the case of property acquired before March 1, 1913, if the basis otherwise determined under this subtitle, adjusted (for the period before March 1, 1913) as provided in section 1016, is less than the fair market value of the property as of March 1, 1913, then the basis for determining gain shall be such fair market value. In determining the fair market value of stock in a corporation as of March 1, 1913, due regard shall be given to the fair market value of the assets of the corporation as of that date.
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26 U.S.C. § 1053 (Property acquired before March 1, 1913) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
United States v. Georgia Railroad and Banking Company
348 F.2d 278 (Fifth Circuit, 1965)
Trigon Insurance v. United States
215 F. Supp. 2d 687 (E.D. Virginia, 2002)
Dana A. Hinckley and Adelaide Hinckley v. Commissioner of Internal Revenue
410 F.2d 937 (Eighth Circuit, 1969)
Department of Revenue v. Leadership Hous., Inc.
343 So. 2d 611 (Supreme Court of Florida, 1977)
Weyerhaeuser Co. v. United States
32 Fed. Cl. 80 (Federal Claims, 1994)
American Exchange Irving Trust Co. v. United States
52 F.2d 1027 (Court of Claims, 1931)
Halff v. United States
5 F. Supp. 132 (Court of Claims, 1933)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 311; Pub. L. 85–866, title I, §47, Sept. 2, 1958, 72 Stat. 1642.)
Editorial Notes
Editorial Notes
Amendments
1958—Pub. L. 85–866 substituted "subtitle" for "part".
Statutory Notes and Related Subsidiaries
Effective Date of 1958 Amendment
Amendment by Pub. L. 85–866 applicable to taxable years beginning after Dec. 31, 1953, and ending after Aug. 16, 1954, see section 1(c)(1) of Pub. L. 85–866, set out as a note under section 165 of this title.
Amendments
1958—Pub. L. 85–866 substituted "subtitle" for "part".
Statutory Notes and Related Subsidiaries
Effective Date of 1958 Amendment
Amendment by Pub. L. 85–866 applicable to taxable years beginning after Dec. 31, 1953, and ending after Aug. 16, 1954, see section 1(c)(1) of Pub. L. 85–866, set out as a note under section 165 of this title.