Alabama Administrative Code
Title 810 - Alabama Department of Revenue
Chapter 810-3-6 - GAIN OR LOSS - BASIS OF PROPERTY; ADJUSTED BASIS
810-3-6-.14 - Basis Of Property Acquired From A Spouse Or Former Spouse
810-3-6-.14. Basis Of Property Acquired From A Spouse Or Former Spouse
(1) The basis of property received from a spouse or former spouse in a transaction in which a gain or loss was determined under § 40-18-8(m), Code of Ala. 1975, shall be determined in accordance with 26 U.S.C. § 1041. For interpretation of federal statutes adopted by the Alabama Legislature see Rule 810-3-1.1-.01, Operating Rules.
(2) Section 40-18-8(m) concerns the transfer of property to a spouse or former spouse.
Author: Ed Cutter, CPA(New Rule: Filed April 28, 1999; effective June 2, 1999.)
Statutory Authority:Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-6.