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

26 U.S.C. § 1053

Property acquired before March 1, 1913

Official textgovinfo.govlast amended

In the case of property acquired before March 1, 1913, if the basis otherwise determined under this subtitle, adjusted (for the period before March 1, 1913) as provided in section 1016, is less than the fair market value of the property as of March 1, 1913, then the basis for determining gain shall be such fair market value. In determining the fair market value of stock in a corporation as of March 1, 1913, due regard shall be given to the fair market value of the assets of the corporation as of that date.

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Nearby sections (25 sections)
  1. 1036 · Stock for stock of same corporation
  2. 1037 · Certain exchanges of United States obligations
  3. 1038 · Certain reacquisitions of real property
  4. 1039 · [§1039. Repealed. Pub. L. 101–508, title XI, §11801(a)(33), Nov.…
  5. 1040 · Transfer of certain farm, etc., real property
  6. 1041 · Transfers of property between spouses or incident to divorce
  7. 1042 · Sales of stock to employee stock ownership plans or certain…
  8. 1043 · Sale of property to comply with conflict-of-interest requirements
  9. 1044 · [§1044. Repealed. Pub. L. 115–97, title I, §13313(a), Dec. 22,…
  10. 1045 · Rollover of gain from qualified small business stock to another…
  11. 1051 · [§1051. Repealed. Pub. L. 113–295, div. A, title II,…
  12. 1052 · Basis established by the Revenue Act of 1932 or 1934 or by the…
  13. 1053 · Property acquired before March 1, 1913
  14. 1054 · Certain stock of Federal National Mortgage Association
  15. 1055 · Redeemable ground rents
  16. 1056 · [§1056. Repealed. Pub. L. 108–357, title VIII, §886(b)(1)(A),…
  17. 1057 · [§1057. Repealed. Pub. L. 105–34, title XI, §1131(c)(2), Aug. 5,…
  18. 1058 · Transfers of securities under certain agreements
  19. 1059 · Corporate shareholder's basis in stock reduced by nontaxed…
  20. 1059A · Limitation on taxpayer's basis or inventory cost in property…
  21. 1060 · Special allocation rules for certain asset acquisitions
  22. 1061 · Partnership interests held in connection with performance of…
  23. 1062 · Cross references
  24. 1071 · [§1071. Repealed. Pub. L. 104–7, §2(a), Apr. 11, 1995, 109 Stat.…
  25. 1081 · [§§1081 to 1083. Repealed. Pub. L. 109–135, title IV,…
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