Treasury Regulations · 26 CFR
§ 1.268-1. Items attributable to an unharvested crop sold with the land.
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. § 268
Cite as 26 CFR § 1.268-1
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. § 268
- Length
- 143 words · about 1 min to read
- Cross-references
- cites 2 Code sections and 0 regulations; cited by 0
In computing taxable income no deduction shall be allowed in respect of items attributable to the production of an unharvested crop which is sold, exchanged, or involuntarily converted with the land and which is considered as property used in the trade or business under section 1231(b)(4). Such items shall be so treated whether or not the taxable year involved is that of the sale, exchange, or conversion of such crop and whether they are for expenses, depreciation, or otherwise. If the taxable year involved is not that of the sale, exchange, or conversion of such crop, a recomputation of the tax liability for such year shall be made; such recomputation should be in the form of an “amended return” if necessary. For the adjustments to basis as a result of such disallowance, see section 1016(a)(11) and the regulations thereunder.
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Items Not Deductible
Nearby sections
- § 1.267(c)-1 Constructive ownership of stock.
- § 1.267(d)-1 Amount of gain where loss previously disallowed.
- § 1.267(d)-2 Effective/applicability dates.
- § 1.267(f)-1 Controlled groups.
- § 1.268-1 Items attributable to an unharvested crop sold with the land.
- § 1.269-1 Meaning and use of terms.
- § 1.269-2 Purpose and scope of section 269.
- § 1.269-3 Instances in which section 269(a) disallows a deduction, credit, or other allowance.
- § 1.269-4 Power of district director to allocate deduction, credit, or allowance in part.