Statute · United States Code
26 U.S.C. § 612 — Basis for cost depletion
26 U.S.C. § 612
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
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.
Citator
26 U.S.C. § 612 — Basis for cost depletion is in force in the current edition of the Code, and nothing recorded condemns it.
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.