{"identifier":"/us/usc/t26/s1052","title":26,"num":"\u00a7\u202f1052.","heading":"Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939","text":"\u00a7\u202f1052.\nBasis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939\n(a)\nRevenue Act of 1932\nIf the property was acquired, after\nFebruary 28, 1913\nJanuary 1, 1934\n47 Stat. 199\n(b)\nRevenue Act of 1934\nIf the property was acquired, after\nFebruary 28, 1913\nJanuary 1, 1936\n48 Stat. 706\n(c)\nInternal Revenue Code of 1939\nIf the property was acquired, after\nFebruary 28, 1913","url":"https://projectusc.org/usc/t26/s1052.html","content":[{"t":"sec","id":"/us/usc/t26/s1052","children":[{"t":"num","text":"\u00a7\u202f1052."},{"t":"heading","text":"Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939"},{"t":"subsec","id":"/us/usc/t26/s1052/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Revenue Act of 1932"},{"t":"content","children":[{"t":"p","text":"If the property was acquired, after ","children":[{"t":"text","text":"February 28, 1913","tail":", in any taxable year beginning before "},{"t":"text","text":"January 1, 1934","tail":", and the basis thereof, for purposes of the Revenue Act of 1932 was prescribed by section 113(a)(6), (7), or (9) of such Act ("},{"t":"ref","text":"47 Stat. 199","href":"/us/stat/47/199","tail":"), then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Revenue Act of 1932."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s1052/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Revenue Act of 1934"},{"t":"content","children":[{"t":"p","text":"If the property was acquired, after ","children":[{"t":"text","text":"February 28, 1913","tail":", in any taxable year beginning before "},{"t":"text","text":"January 1, 1936","tail":", and the basis thereof, for purposes of the Revenue Act of 1934, was prescribed by section 113(a)(6), (7), or (8) of such Act ("},{"t":"ref","text":"48 Stat. 706","href":"/us/stat/48/706","tail":"), then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Revenue Act of 1934."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s1052/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Internal Revenue Code of 1939"},{"t":"content","children":[{"t":"p","text":"If the property was acquired, after ","children":[{"t":"text","text":"February 28, 1913","tail":", in a transaction to which the Internal Revenue Code of 1939 applied, and the basis thereof, for purposes of the Internal Revenue Code of 1939, was prescribed by section 113(a)(6), (7), (8), (13), (15), (18), (19), or (23) of such code, then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Internal Revenue Code of 1939."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}