FEDERAL · 26 U.S.C. · Chapter Subchapter I—Natural Resources
Basis for cost depletion
26 U.S.C. § 612
This text of 26 U.S.C. § 612 (Basis for cost depletion) 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. § 612.
Text
Except as otherwise provided in this subchapter, the basis on which depletion is to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain upon the sale or other disposition of such property.
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Related
Commissioner v. Engle
464 U.S. 206 (Supreme Court, 1984)
Snell Isle, Inc. v. Commissioner of Internal Revenue
90 F.2d 481 (Fifth Circuit, 1937)
Kehoe v. Commissioner of Internal Revenue
105 F.2d 552 (Third Circuit, 1939)
The Beal Foundation v. United States
559 F.2d 359 (Fifth Circuit, 1977)
Weyerhaeuser Co. v. United States
32 Fed. Cl. 80 (Federal Claims, 1994)
Davis v. Commissioner
1956 T.C. Memo. 206 (U.S. Tax Court, 1956)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 208.)
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Bluebook (online)
26 U.S.C. § 612, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/612.