26 U.S.C. § 1013 : Internal Revenue Code — Income Taxes — Normal Taxes And Surtaxes — Gain Or Loss On Disposition Of Property — Basis Rules Of General Application — Basis Of Property Included In Inventory

  • Date:

If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.

(Aug. 16, 1954, ch. 736, 68A Stat. 296.)
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