---
kind: "section"
citation: "18 C.F.R. § 367.4211"
title: "18"
number: "367.4211"
heading: "Account 421.1, Gain on disposition of property."
url: "https://uscodex.org/cfr/18/367.4211"
---

# §367.4211. Account 421.1, Gain on disposition of property.


This account must be credited with the gain on the sale, conveyance, exchange, or transfer of service or other property to another. Income taxes on gains recorded in this account must be recorded in account 409.2, Income taxes, other income and deductions ([§ 367.4092](/cfr/18/367.4092.md)).


## Notes

### Authority

Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.

### Source

Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.