26 CFR 1.1013-1
§ 1.1013-1 Property included in inventory.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.1013-1, § 1.1013-1 Property included in inventory, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/111428
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Full text
The basis of property required to be included in inventory is the last inventory value of such property in the hands of the taxpayer. The requirements with respect to the valuation of an inventory are stated in subpart D (section 471 and following), part II, subchapter E, chapter 1 of the Code, and the regulations thereunder.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.