 Adjusted Basis. The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis determined under subsection (a), adjusted as hereinafter provided. "(1) General Rule.  Reports of the Tax Court of the United States - Page 655by United States. Tax Court - 1955Full view - About this book
 | 1970 - 556 pages
...1.1016 Statutory provisions; adjustments to basis. SEC. 1016. Adjustments to basis — (a) General rule. Proper adjustment in respect of the property shall in all cases be made — (1) For expenditures, receipts, losses, or other items, properly chargeable to capital account,... | |
 | 1966 - 516 pages
...depletion; periods during which income was not subject to tax. (a) Adjustments to basis must be made for exhaustion, wear and tear, obsolescence, amortization, and depletion to the extent actually sustained in respect of: (1) Any period before March 1, 1913, (2) Any period since February... | |
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