§ 1053. Property acquired before March 1, 1913

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In the case of property acquired before March 1, 1913, if the basis otherwise determined under this subtitle, adjusted (for the period before March 1, 1913) as provided in section 1016, is less than the fair market value of the property as of March 1, 1913, then the basis for determining gain shall be such fair market value. In determining the fair market value of stock in a corporation as of March 1, 1913, due regard shall be given to the fair market value of the assets of the corporation as of that date.

(Aug. 16, 1954, ch. 736, 68A Stat. 311; Pub. L. 85–866, title I, § 47, Sept. 2, 1958, 72 Stat. 1642.)

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U.S. Code

Losses
§ 165

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Aug. 16, 1954, ch. 736
68A Stat. 311
Pub. L. 85–866, title I, § 47
72 Stat. 1642
Pub. L. 85–866
section 1(c)(1) of Pub. L. 85–866

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§ 1053

Property acquired before March 1, 1913

Stat.×2

U.S.C.§ 165

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 311

Pub. L.Pub. L. 85–866, title I, § 47

Stat.72 Stat. 1642

Pub. L.Pub. L. 85–866

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