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Internal Revenue Code (Title 26 U.S.C.)

26 U.S.C. § 1011

Adjusted basis for determining gain or loss

Official textgovinfo.govlast amended

# (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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Nearby sections (25 sections)
  1. 989 · Other definitions and special rules
  2. 991 · Taxation of a domestic international sales corporation
  3. 992 · Requirements of a domestic international sales corporation
  4. 993 · Definitions and special rules
  5. 994 · Inter-company pricing rules
  6. 995 · Taxation of DISC income to shareholders
  7. 996 · Rules for allocation in the case of distributions and losses
  8. 997 · Special subchapter C rules
  9. 999 · Reports by taxpayers; determinations
  10. 1000 · [§1000. Reserved]
  11. 1001 · Determination of amount of and recognition of gain or loss
  12. 1002 · [§1002. Repealed. Pub. L. 94–455, title XIX, §1901(b)(28)(B)(i),…
  13. 1011 · Adjusted basis for determining gain or loss
  14. 1012 · Basis of property—cost
  15. 1013 · Basis of property included in inventory
  16. 1014 · Basis of property acquired from a decedent
  17. 1015 · Basis of property acquired by gifts and transfers in trust
  18. 1016 · Adjustments to basis
  19. 1017 · Discharge of indebtedness
  20. 1018 · [§1018. Repealed. Pub. L. 96–589, §6(h)(1), Dec. 24, 1980, 94…
  21. 1019 · Property on which lessee has made improvements
  22. 1020 · [§1020. Repealed. Pub. L. 94–455, title XIX, §1901(a)(125), Oct.…
  23. 1021 · Sale of annuities
  24. 1022 · [§1022. Repealed. Pub. L. 111–312, title III, §301(a), Dec. 17,…
  25. 1023 · Cross references
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