---
kind: "section"
citation: "26 U.S.C. § 612"
title: "26"
title_heading: "Internal Revenue Code"
number: "612"
heading: "Basis for cost depletion"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/612"
units:
  - "Subtitle A — Income Taxes"
  - "Chapter 1 — Normal Taxes and Surtaxes"
  - "Subchapter I — Natural Resources"
  - "Part I — Deductions"
---

# §612. Basis for cost depletion


Except as otherwise provided in this subchapter, the basis on which depletion is to be allowed in respect of any [property](/usc/26/317.md?p=a) shall be the adjusted basis provided in [section 1011](/usc/26/1011.md) for the purpose of determining the gain upon the sale or other [disposition](/usc/26/424.md?p=c-1) of such [property](/usc/26/317.md?p=a).


## Source credit

(Aug. 16, 1954, ch. 736, 68A Stat. 208.)