Treasury Regulations (26 C.F.R.)

26 CFR § 1.1016-6

Other applicable rules.

Official textecfr.govlast amended

# (a)

Adjustments must always be made to eliminate double deductions or their equivalent. Thus, in the case of the stock of a subsidiary company, the basis thereof must be properly adjusted for the amount of the subsidiary company's losses for the years in which consolidated returns were made.

# (b)

In determining basis, and adjustments to basis, the principles of estoppel apply, as elsewhere under the Code, and prior internal revenue laws.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.

In this part (40 sections)
  1. 1.1014-1 · Basis of property acquired from a decedent.
  2. 1.1014-2 · Property acquired from a decedent.
  3. 1.1014-3 · Other basis rules.
  4. 1.1014-4 · Uniformity of basis; adjustment to basis.
  5. 1.1014-5 · Gain or loss.
  6. 1.1014-6 · Special rule for adjustments to basis where property is…
  7. 1.1014-7 · Example applying rules of §§ 1.1014-4 through 1.1014-6 to…
  8. 1.1014-8 · Bequest, devise, or inheritance of a remainder interest.
  9. 1.1014-9 · Special rule with respect to DISC stock.
  10. 1.1014-10 · Basis of property acquired from a decedent must be…
  11. 1.1015-1 · Basis of property acquired by gift after December 31, 1920.
  12. 1.1015-2 · Transfer of property in trust after December 31, 1920.
  13. 1.1015-3 · Gift or transfer in trust before January 1, 1921.
  14. 1.1015-4 · Transfers in part a gift and in part a sale.
  15. 1.1015-5 · Increased basis for gift tax paid.
  16. 1.1016-1 · Adjustments to basis; scope of section.
  17. 1.1016-2 · Items properly chargeable to capital account.
  18. 1.1016-3 · Exhaustion, wear and tear, obsolescence, amortization, and…
  19. 1.1016-4 · Exhaustion, wear and tear, obsolescence, amortization, and…
  20. 1.1016-5 · Miscellaneous adjustments to basis.
  21. 1.1016-6 · Other applicable rules.
  22. 1.1016-10 · Substituted basis.
  23. 1.1017-1 · Basis reductions following a discharge of indebtedness.
  24. 1.1019-1 · Property on which lessee has made improvements.
  25. 1.1020-1 · Election as to amounts allowed in respect of depreciation,…
  26. 1.1021-1 · Sale of annuities.
  27. 1.1031-0 · Table of contents.
  28. 1.1031(a)-1 · (a)-1 Property held for productive use in trade or…
  29. 1.1031(a)-2 · (a)-2 Additional rules for exchanges of personal property.
  30. 1.1031(a)-3 · (a)-3 Definition of real property.
  31. 1.1031(b)-1 · (b)-1 Receipt of other property or money in tax-free…
  32. 1.1031(b)-2 · (b)-2 Safe harbor for qualified intermediaries.
  33. 1.1031(c)-1 · (c)-1 Nonrecognition of loss.
  34. 1.1031(d)-1 · (d)-1 Property acquired upon a tax-free exchange.
  35. 1.1031(d)-1T · (d)-1T Coordination of section 1060 with section 1031…
  36. 1.1031(d)-2 · (d)-2 Treatment of assumption of liabilities.
  37. 1.1031(e)-1 · (e)-1 Exchange of livestock of different sexes.
  38. 1.1031(j)-1 · (j)-1 Exchanges of multiple properties.
  39. 1.1031(k)-1 · (k)-1 Treatment of deferred exchanges.
  40. 1.1032-1 · Disposition by a corporation of its own capital stock.
Full table of contents →