Treasury Regulations · 26 CFR
§ 1.167(g)-1. Basis for depreciation.
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. § 167(g)
Cite as 26 CFR § 1.167(g)-1
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- November 26, 1960 by T.D. 6500
- Last amended
- March 24, 1964 by T.D. 6712
- Issued under
- 26 U.S.C. § 167(g)
- Length
- 112 words · about 1 min to read
- Cross-references
- cites 1 Code section and 0 regulations; cited by 4
The basis upon which the allowance for depreciation is to be computed with respect to any property shall be the adjusted basis provided in section 1011 for the purpose of determining gain on the sale or other disposition of such property. In the case of property which has not been used in the trade or business or held for the production of income and which is thereafter converted to such use, the fair market value on the date of such conversion, if less than the adjusted basis of the property at that time, is the basis for computing depreciation.
[T.D. 6500, 25 FR 11402, Nov. 26, 1960. Redesignated, T.D. 6712, 29 FR 3653, Mar. 24, 1964]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Cited by 4 other regulations
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Amended by T.D. 6712 (29 FR 3653)
- Issued by T.D. 6500 (25 FR 11402)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Itemized Deductions for Individuals and Corporations
Nearby sections
- § 1.167(c)-1 Limitations on methods of computing depreciation under section 167(b) (2), (3), and (4).
- § 1.167(d)-1 Agreement as to useful life and rates of depreciation.
- § 1.167(e)-1 Change in method.
- § 1.167(f)-1 Reduction of salvage value taken into account for certain personal property.
- § 1.167(g)-1 Basis for depreciation.
- § 1.167(h)-1 Life tenants and beneficiaries of trusts and estates.
- § 1.167(i)-1 Depreciation of improvements in the case of mines, etc.
- § 1.167(l)-1 Limitations on reasonable allowance in case of property of certain public utilities.
- § 1.167(l)-2 Public utility property; election as to post-1969 property representing growth in capacity.