§ 1.263(c)-1. (c)-1 Intangible drilling and development costs in the case of oil and gas wells.
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/us/cfr/t26/s§ 1.263(c)-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For rules relating to the option to deduct as expenses intangible drilling and development costs in the case of oil and gas wells, see § 1.612-4.