26 C.F.R. § 1.1013-1   Property included in inventory.


Title 26 - Internal Revenue


Title 26: Internal Revenue
PART 1—INCOME TAXES
Basis Rules of General Application

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§ 1.1013-1   Property included in inventory.

The basis of property required to be included in inventory is the last inventory value of such property in the hands of the taxpayer. The requirements with respect to the valuation of an inventory are stated in subpart D (section 471 and following), part II, subchapter E, chapter 1 of the Code, and the regulations thereunder.

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