{"identifier":"/us/usc/t26/s1053","title":26,"num":"\u00a7\u202f1053.","heading":"Property acquired before March 1, 1913","text":"\u00a7\u202f1053.\nProperty acquired before March 1, 1913\nIn the case of property acquired before\nMarch 1, 1913\nMarch 1, 1913\nMarch 1, 1913\nMarch 1, 1913","url":"https://projectusc.org/usc/t26/s1053.html","content":[{"t":"sec","id":"/us/usc/t26/s1053","children":[{"t":"num","text":"\u00a7\u202f1053."},{"t":"heading","text":"Property acquired before March 1, 1913"},{"t":"content","text":"\n","children":[{"t":"p","text":"In the case of property acquired before ","children":[{"t":"text","text":"March 1, 1913","tail":", if the basis otherwise determined under this subtitle, adjusted (for the period before "},{"t":"text","text":"March 1, 1913","tail":") as provided in section 1016, is less than the fair market value of the property as of "},{"t":"text","text":"March 1, 1913","tail":", then the basis for determining gain shall be such fair market value. In determining the fair market value of stock in a corporation as of "},{"t":"text","text":"March 1, 1913","tail":", due regard shall be given to the fair market value of the assets of the corporation as of that date."}],"tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}