26-U.S.C.-268
§268 – Sale of Land With Unharvested Crop
Pathway
Title 26 > Subtitle A > Chapter 1 > Subchapter B > Part IX > Section 268
Details
- Reference: Section 268
- Legend: §268 – Sale of Land With Unharvested Crop
- USCode Year: 2013
Provision Content
Where an unharvested crop sold by the taxpayer is considered under the provisions of section 1231 as property used in the trade or business, in computing taxable income no deduction (whether or not for the taxable year of the sale and whether for expenses, depreciation, or otherwise) attributable to the production of such crop shall be allowed.
(Aug. 16, 1954, ch. 736, 68A Stat. 80.)
U.S. Encyclopedia of Law Coverage
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26-U.S.C.-264 in the Legal Encyclopedia: Liability
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