26 U.S.C. § 1011
Adjusted basis for determining gain or loss
# (a) General rule
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 section 1012 or other applicable sections of this subchapter and subchapters C (relating to corporate distributions and adjustments), K (relating to partners and partnerships), and P (relating to capital gains and losses)), adjusted as provided in section 1016.
# (b) Bargain sale to a charitable organization
If a deduction is allowable under section 170 (relating to charitable contributions) by reason of a sale, then the adjusted basis for determining the gain from such sale shall be that portion of the adjusted basis which bears the same ratio to the adjusted basis as the amount realized bears to the fair market value of the property.
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Cited by 60
- 26 CFR § 1.1001-1 — Computation of gain or loss.
- 26 CFR § 1.1001-2 — Discharge of liabilities.
- 26 CFR § 1.1011-2 — Bargain sale to a charitable organization.
- 26 CFR § 1.1016-1 — Adjustments to basis; scope of section.
- 26 CFR § 1.1053-1 — Property acquired before March 1, 1913.
- 26 CFR § 1.1081-10 — Nonapplication of other provisions of the Internal Revenue Code of 1954.
- 26 CFR § 1.1245-2 — Definition of recomputed basis.
- 26 CFR § 1.1254-2 — Exceptions and limitations.
- 26 CFR § 1.1382-7 — Special rules applicable to cooperative associations exempt from tax before January 1, 1952.
- 26 CFR § 1.1502-50 — Consolidated section 250.
- 26 CFR § 1.167(a)-8 — Retirements.
- 26 CFR § 1.167(g)-1 — Basis for depreciation.
Show 48 more
- 26 CFR § 1.168(b)-1 — Definitions.
- 26 CFR § 1.168(d)-1 — Applicable conventions—half-year and mid-quarter conventions.
- 26 CFR § 1.168(i)-1 — General asset accounts.
- 26 CFR § 1.168(i)-8 — Dispositions of MACRS property.
- 26 CFR § 1.168(k)-1 — Additional first year depreciation deduction.
- 26 CFR § 1.168A-3 — Election to discontinue amortization.
- 26 CFR § 1.168A-5 — Adjusted basis of emergency facility.
- 26 CFR § 1.168A-6 — Depreciation of portion of emergency facility not subject to amortization.
- 26 CFR § 1.169-1 — Amortization of pollution control facilities.
- 26 CFR § 1.169-3 — Amortizable basis.
- 26 CFR § 1.170A-1 — Charitable, etc., contributions and gifts; allowance of deduction.
- 26 CFR § 1.170A-4 — Reduction in amount of charitable contributions of certain appreciated property.
- 26 CFR § 1.187-1 — Amortization of certain coal mine safety equipment.
- 26 CFR § 1.187-2 — Definitions.
- 26 CFR § 1.197-2 — Amortization of goodwill and certain other intangibles.
- 26 CFR § 1.199A-9 — Domestic production gross receipts.
- 26 CFR § 1.216-2 — Treatment as property subject to depreciation.
- 26 CFR § 1.217-2 — Deduction for moving expenses paid or incurred in taxable years beginning after December 31, 1969.
- 26 CFR § 1.381(c)(4)-1 — Method of accounting.
- 26 CFR § 1.381(c)(6)-1 — Depreciation method.
- 26 CFR § 1.410(a)-2 — Effective dates.
- 26 CFR § 1.421-2 — General rules.
- 26 CFR § 1.423-2 — Employee stock purchase plan defined.
- 26 CFR § 1.457-2 — Definitions.
- 26 CFR § 1.48-12 — Qualified rehabilitated building; expenditures incurred after December 31, 1981.
- 26 CFR § 1.503(e)-2 — Requirements.
- 26 CFR § 1.514(a)-1 — Unrelated debt-financed income and deductions.
- 26 CFR § 1.514(a)-2 — Business lease rents and deductions for taxable years beginning before January 1, 1970.
- 26 CFR § 1.514(c)-1 — Acquisition indebtedness.
- 26 CFR § 1.522-2 — Manner of taxation of cooperative associations subject to section 522.
- 26 CFR § 1.545-3 — Special adjustment to taxable income.
- 26 CFR § 1.6049-7 — Returns of information with respect to REMIC regular interests and collateralized debt obligations.
- 26 CFR § 1.612-1 — Basis for allowance of cost depletion.
- 26 CFR § 1.642(c)-5 — Definition of pooled income fund.
- 26 CFR § 1.742-1 — Basis of transferee partner's interest.
- 26 CFR § 1.860F-4 — REMIC reporting requirements and other administrative rules.
- 26 CFR § 1.988-2 — Recognition and computation of exchange gain or loss.
- 26 CFR § 1.992-1 — Requirements of a DISC.
- 26 CFR § 1.993-3 — Definition of export property.
- 26 CFR § 1.993-4 — Definition of producer's loans.
- 26 CFR § 15a.453-1 — Installment method reporting for sales of real property and casual sales of personal property.
- 26 CFR § 420.0-1 — Certain existing plans may elect new provisions.
- 26 U.S.C. § 1001 — Determination of amount of and recognition of gain or loss
- 26 U.S.C. § 165 — Losses
- 26 U.S.C. § 166 — Bad debts
- 26 U.S.C. § 167 — Depreciation
- 26 U.S.C. § 612 — Basis for cost depletion
- 26 U.S.C. § 742 — Basis of transferee partner’s interest
Nearby sections (25 sections)
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- 991 · Taxation of a domestic international sales corporation
- 992 · Requirements of a domestic international sales corporation
- 993 · Definitions and special rules
- 994 · Inter-company pricing rules
- 995 · Taxation of DISC income to shareholders
- 996 · Rules for allocation in the case of distributions and losses
- 997 · Special subchapter C rules
- 999 · Reports by taxpayers; determinations
- 1000 · Reserved
- 1001 · Determination of amount of and recognition of gain or loss
- 1002 · Repealed. Pub. L. 94–455, title XIX, § 1901(b)(28)(B)(i), Oct.…
- 1011 · Adjusted basis for determining gain or loss
- 1012 · Basis of property—cost
- 1013 · Basis of property included in inventory
- 1014 · Basis of property acquired from a decedent
- 1015 · Basis of property acquired by gifts and transfers in trust
- 1016 · Adjustments to basis
- 1017 · Discharge of indebtedness
- 1018 · Repealed. Pub. L. 96–589, § 6(h)(1), Dec. 24, 1980, 94 Stat. 3410
- 1019 · Property on which lessee has made improvements
- 1020 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(125), Oct. 4,…
- 1021 · Sale of annuities
- 1022 · Repealed. Pub. L. 111–312, title III, § 301(a), Dec. 17, 2010,…
- 1023 · Cross references