FEDERAL · 26 U.S.C. · Chapter 1
Basis for cost depletion
Current through Pub. L. 119-102
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.
Free access — add to your briefcase to read the full text and ask questions with AI
26 U.S.C. § 612 (Basis for cost depletion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.)