§ 1052. Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939

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(a)Revenue Act of 1932 If the property was acquired, after February 28, 1913, in any taxable year beginning before January 1, 1934, and the basis thereof, for purposes of the Revenue Act of 1932 was prescribed by section 113(a)(6), (7), or

(9)of such Act (47 Stat. 199), then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Revenue Act of 1932.

(b)Revenue Act of 1934 If the property was acquired, after February 28, 1913, in any taxable year beginning before January 1, 1936, and the basis thereof, for purposes of the Revenue Act of 1934, was prescribed by section 113(a)(6), (7), or

(8)of such Act (48 Stat. 706), then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Revenue Act of 1934.

(c)Internal Revenue Code of 1939 If the property was acquired, after February 28, 1913, in a transaction to which the Internal Revenue Code of 1939 applied, and the basis thereof, for purposes of the Internal Revenue Code of 1939, was prescribed by section 113(a)(6), (7), (8), (13), (15), (18), (19), or

(23)of such code, then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Internal Revenue Code of 1939.

(Aug. 16, 1954, ch. 736, 68A Stat. 310.)

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U.S. Code

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47 Stat. 199
48 Stat. 706
Aug. 16, 1954, ch. 736
68A Stat. 310
act June 6, 1932, ch. 209
47 Stat. 169
act May 10, 1934, ch. 277
48 Stat. 680
act Feb. 10, 1939, ch. 2
53 Stat. 1

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§ 1052

Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939

U.S.C.§ 1

U.S.C.§ 7851

Stat.47 Stat. 199

Stat.48 Stat. 706

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 310

Actact June 6, 1932, ch. 209

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