---
kind: "section"
citation: "26 U.S.C. § 1013"
title: "26"
title_heading: "Internal Revenue Code"
number: "1013"
heading: "Basis of property included in inventory"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/1013"
units:
  - "Subtitle A — Income Taxes"
  - "Chapter 1 — Normal Taxes and Surtaxes"
  - "Subchapter O — Gain or Loss on Disposition of Property"
  - "Part II — Basis Rules of General Application"
---

# §1013. Basis of property included in inventory


If the [property](/usc/26/317.md?p=a) should have been included in the last inventory, the basis shall be the last inventory [value](/usc/26/851.md?p=c-4) thereof.


## Source credit

(Aug. 16, 1954, ch. 736, 68A Stat. 296.)