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Code · U.S. Code · Title 26 - INTERNAL REVENUE CODE · CHAPTER 1— NORMAL TAXES AND SURTAXES · Subchapter I— Natural Resources · § 612

§ 612. Basis for cost depletion

54 words·~1 min read·/usc/title-26/section-612

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Except as otherwise provided in this subchapter, the basis on which depletion is to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain upon the sale or other disposition of such property.
(Aug. 16, 1954, ch. 736, 68A Stat. 208.)
Connections2 cite this
Cited by 2 sections
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  • Aug. 16, 1954, ch. 736
  • 68A Stat. 208
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§ 612
Basis for cost depletion
Stat.×2
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 208
Cites 2Cited by 2 across 1 source
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