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Index  » Subtitle A  » Chapter 1  » Subchapter I  » I.R.C. 612

I.R.C. 612
Basis for cost depletion

Current through February 18, 2024 (Pub. L. 118-39)

§ 611 « Browse » § 613

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I.R.C. § 612.  Basis for cost depletion

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.)

Regulations for I.R.C. 612 (Return to Top)

§ 1.612-1Basis for allowance of cost depletion
§ 1.612-2Allowable capital additions in case of mines
§ 1.612-3Depletion; treatment of bonus and advanced royalty
§ 1.612-4Charges to capital and to expense in case of oil and gas wells
§ 1.612-5Charges to capital and to expense in case of geothermal wells

The Regulations cited above were determined based on programmatic database analysis using data provided by the Government Publishing Office. TouchTax attempts to hide unrelated regulation provisions. Due to limited GPO data, however, certain unrelated regulations may appear in some instances.


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