FEDERAL · 26 U.S.C. · Chapter Subchapter B—Computation of Taxable Income
Carrying charges
26 U.S.C. § 266
This text of 26 U.S.C. § 266 (Carrying charges) 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 U.S.C. § 266.
Text
No deduction shall be allowed for amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Secretary, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Commissioner v. Idaho Power Co.
418 U.S. 1 (Supreme Court, 1974)
Alex A. Aboussie, Alice Aboussie, Robert Aboussie and Linda Aboussie v. United States
779 F.2d 424 (Eighth Circuit, 1985)
Foster v. Commissioner
756 F.2d 1430 (Ninth Circuit, 1985)
Queen v. United States
77 F.2d 780 (D.C. Circuit, 1935)
Oras v. United States
67 F.2d 463 (Ninth Circuit, 1933)
Oklahoma Gas and Electric Company v. United States
464 F.2d 1188 (Tenth Circuit, 1972)
Mickle v. United States
33 F.2d 684 (Eighth Circuit, 1929)
United States v. One Five-Ton Federal Truck
25 F.2d 788 (Third Circuit, 1928)
Duell Family Trust v. Ford
(S.D. California, 2024)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 78; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
Editorial Notes
Editorial Notes
Amendments
1976—Pub. L. 94–455 struck out "or his delegate" after "Secretary".
Amendments
1976—Pub. L. 94–455 struck out "or his delegate" after "Secretary".
Cite This Page — Counsel Stack
Bluebook (online)
26 U.S.C. § 266, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/266.