Treasury Regulations · 26 CFR
§ 1.1016-6. Other applicable rules.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 1016
Cite as 26 CFR § 1.1016-6
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Source
- T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960; T.D. 9989, 89 FR 17606, Mar. 11, 2024, unless otherwise noted.
- Issued under
- 26 U.S.C. § 1016
- Length
- 73 words · about 1 min to read
¶(a) Adjustments must always be made to eliminate double deductions or their equivalent. Thus, in the case of the stock of a subsidiary company, the basis thereof must be properly adjusted for the amount of the subsidiary company's losses for the years in which consolidated returns were made.
¶(b) In determining basis, and adjustments to basis, the principles of estoppel apply, as elsewhere under the Code, and prior internal revenue laws.
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Basis Rules of General Application
Nearby sections
- § 1.1016-2 Items properly chargeable to capital account.
- § 1.1016-3 Exhaustion, wear and tear, obsolescence, amortization, and depletion for periods since February 28, 1913.
- § 1.1016-4 Exhaustion, wear and tear, obsolescence, amortization, and depletion; periods during which income was not subject to tax.
- § 1.1016-5 Miscellaneous adjustments to basis.
- § 1.1016-6 Other applicable rules.
- § 1.1016-10 Substituted basis.
- § 1.1017-1 Basis reductions following a discharge of indebtedness.
- § 1.1019-1 Property on which lessee has made improvements.
- § 1.1020-1 Election as to amounts allowed in respect of depreciation, etc., before 1952.