26 U.S.C. § 266
Carrying charges
No deduction shall be allowed for amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Secretary, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.
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Cited by 15
- 26 CFR § 1.1001-1 — Computation of gain or loss.
- 26 CFR § 1.1016-2 — Items properly chargeable to capital account.
- 26 CFR § 1.103-8 — Interest on bonds to finance certain exempt facilities.
- 26 CFR § 1.163-10T — Qualified residence interest (temporary).
- 26 CFR § 1.212-1 — Nontrade or nonbusiness expenses.
- 26 CFR § 1.263(a)-6 — Election to deduct or capitalize certain expenditures.
- 26 CFR § 1.263A-15 — Effective dates, transitional rules, and anti-abuse rule.
- 26 CFR § 1.263A-9 — The avoided cost method.
- 26 CFR § 1.266-1 — Taxes and carrying charges chargeable to capital account and treated as capital items.
- 26 CFR § 1.272-1 — Expenditures relating to disposal of coal or domestic iron ore.
- 26 CFR § 1.612-3 — Depletion; treatment of bonus and advanced royalty.
- 26 CFR § 1.9200-1 — Deduction for motor carrier operating authority.
Nearby sections (25 sections)
- 246 · Rules applying to deductions for dividends received
- 246A · Dividends received deduction reduced where portfolio stock is…
- 247 · Contributions to Alaska Native Settlement Trusts
- 248 · Organizational expenditures
- 249 · Limitation on deduction of bond premium on repurchase
- 250 · Foreign-derived deduction eligible income and net CFC tested…
- 261 · General rule for disallowance of deductions
- 262 · Personal, living, and family expenses
- 263 · Capital expenditures
- 263A · Capitalization and inclusion in inventory costs of certain…
- 264 · Certain amounts paid in connection with insurance contracts
- 265 · Expenses and interest relating to tax-exempt income
- 266 · Carrying charges
- 267 · Losses, expenses, and interest with respect to transactions…
- 267A · Certain related party amounts paid or accrued in hybrid…
- 268 · Sale of land with unharvested crop
- 269 · Acquisitions made to evade or avoid income tax
- 269A · Personal service corporations formed or availed of to avoid or…
- 269B · Stapled entities
- 270 · Repealed. Pub. L. 91–172, title II, § 213(b), Dec. 30, 1969, 83…
- 271 · Debts owed by political parties, etc.
- 272 · Disposal of coal or domestic iron ore
- 273 · Holders of life or terminable interest
- 274 · Disallowance of certain entertainment, etc., expenses
- 275 · Certain taxes