---
kind: "section"
citation: "18 C.F.R. § 367.4212"
title: "18"
number: "367.4212"
heading: "Account 421.2, Loss on disposition of property."
url: "https://uscodex.org/cfr/18/367.4212"
---

# §367.4212. Account 421.2, Loss on disposition of property.


This account must be charged with the loss on the sale, conveyance, exchange or transfer of service or other property to another. The reduction in income taxes relating to losses 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.