§1012. Basis of property—cost — Inbound Citations

Citations to 26 U.S.C. § 1012 as a whole

• 26 U.S.C. § 170(f)(15)(A)

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  (A) For purposes of this section and notwithstanding section 1012, in the case of a charitable contribution of taxidermy property which is made by the person who prepared, stuffed, or mounted the property or by any person who paid or incurred the cost of such preparation, stuffing, or mounting, only the cost of the preparing, stuffing, or mounting shall be included in the basis of such property.
• 26 U.S.C. § 1011(a)

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  (a) The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis (determined under section 1012 or other applicable sections of this subchapter and subchapters C (relating to corporate distributions and adjustments), K (relating to partners and partnerships), and P (relating to capital gains and losses)), adjusted as provided in section 1016.
• 26 U.S.C. § 1045(b)(2)

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  (2) A taxpayer shall be treated as having purchased any property if, but for paragraph (3), the unadjusted basis of such property in the hands of the taxpayer would be its cost (within the meaning of section 1012).
• 26 U.S.C. § 1278(a)(1)(D)(ii)(I)

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  (I) the basis of the taxpayer in such bond is determined under section 1012, and
• 26 U.S.C. § 1397B(b)(3)

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  (3) A taxpayer shall be treated as having purchased any property if, but for paragraph (4), the unadjusted basis of such property in the hands of the taxpayer would be its cost (within the meaning of section 1012).
• 26 U.S.C. § 6045(g)(2)(B)(i)(I)

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  (I) in the case of any security (other than any stock for which an average basis method is permissible under section 1012), in accordance with the first-in first-out method unless the customer notifies the broker by means of making an adequate identification of the stock sold or transferred, and
• 26 U.S.C. § 6045(g)(2)(B)(i)(II)

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  (II) in the case of any stock for which an average basis method is permissible under section 1012, in accordance with the broker’s default method unless the customer notifies the broker that he elects another acceptable method under section 1012 with respect to the account in which such stock is held.
• 26 U.S.C. § 6045(g)(3)(C)(ii)

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  (ii) January 1, 2012, in the case of any stock for which an average basis method is permissible under section 1012,
• 26 U.S.C. § 9509(c)(1)(A)

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  (A) for the payment of removal costs and other costs, expenses, claims, and damages referred to in section 1012 of such Act,