§307. Basis of stock and stock rights acquired in distributions — Inbound Citations
26 U.S.C. § 307
Cited by 2 provisions in release 119-102.
Citations to 26 U.S.C. § 307 as a whole
-
(4) In determining the period for which the taxpayer has held stock or rights to acquire stock received on a distribution, if the basis of such stock or rights is determined under section 307, there shall (under regulations prescribed by the Secretary) be included the period for which he held the stock in the distributing corporation before the receipt of such stock or rights upon such distribution.
Citations to §307(b)
-
(B) no such increase shall be made if (under such law) the distribution causes the basis of the stock in respect of which the distribution was made to be allocated between such stock and the property received (or such basis would, but for section 307(b), be so allocated).