Statute · United States Code
26 U.S.C. § 280B — Demolition of structures
26 U.S.C. § 280B
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
In the case of the demolition of any structure— (1) no deduction otherwise allowable under this chapter shall be allowed to the owner or lessee of such structure for— (A) any amount expended for such demolition, or (B) any loss sustained on account of such demolition; and (2) amounts described in paragraph (1) shall be treated as properly chargeable to capital account with respect to the land on which the demolished structure was located.
Citator
26 U.S.C. § 280B — Demolition of structures is in force in the current edition of the Code, and nothing recorded condemns it.
In the case of the demolition of any structure— (1) no deduction otherwise allowable under this chapter shall be allowed to the owner or lessee of such structure for— (A) any amount expended for such demolition, or (B) any loss sustained on account of such demolition; and (2) amounts described in paragraph (1) shall be treated as properly chargeable to capital account with respect to the land on which the demolished structure was located.