Alabama Administrative Code
Title 810 - Alabama Department of Revenue
Chapter 810-3-6 - GAIN OR LOSS - BASIS OF PROPERTY; ADJUSTED BASIS
810-3-6-.13 - Basis Of Property Acquired Before January 1, 1933

Universal Citation: AL Admin Code R 810-3-6-.13

810-3-6-.13. Basis Of Property Acquired Before January 1, 1933

If property was acquired prior to January 1, 1933, the basis for determination of gain, loss, depreciation or depletion is the fair market value on January 1, 1933.

Author: Ed Cutter, CPA

(New Rule: Filed April 28, 1999; effective June 2, 1999.)

Note:

Statutory Authority:Code of Ala. 1975, ยงยง 40-2A-7(a)(5), 40-18-6.

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