26 C.F.R. § 1.514(e)-1   Allocation rules.


Title 26 - Internal Revenue


Title 26: Internal Revenue
PART 1—INCOME TAXES (CONTINUED)
Taxation of Business Income of Certain Exempt Organizations

Browse Previous |  Browse Next

§ 1.514(e)-1   Allocation rules.

Where only a portion of property is debt-financed property, proper allocation of the basis, indebtedness, income, and deductions with respect to such property must be made to determine the amount of income or gain derived from such property which is to be treated as unrelated debt-financed income. See examples 2 and 3 of paragraph (b)(1)(iii) of §1.514(b)–1 and examples 1, (2), and (3) of paragraph (b)(3)(iii) of §1.514(b)–1 for illustrations of proper allocation.

[T.D. 7229, 37 FR 28153, Dec. 21, 1972]

Browse Previous |  Browse Next






















chanrobles.com


ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com