26 CFR 1.167(g)-1
§ 1.167(g)-1 Basis for depreciation.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.167(g)-1, § 1.167(g)-1 Basis for depreciation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/109254
- Permanent ID
ys:prov:109254@1- SHA-256
7cd1947c51510750bfdbbba761c729afab0d9021ca0190bd97e93be9a7b3cfea
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Full text
The basis upon which the allowance for depreciation is to be computed with respect to any property shall be the adjusted basis provided in section 1011 for the purpose of determining gain on the sale or other disposition of such property. In the case of property which has not been used in the trade or business or held for the production of income and which is thereafter converted to such use, the fair market value on the date of such conversion, if less than the adjusted basis of the property at that time, is the basis for computing depreciation.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.