Internal Revenue Code · 26 U.S.C.
§ 1011. Adjusted basis for determining gain or loss
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 1011
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Enacted
- December 30, 1969 by Pub. L. 91–172
- Length
- 2 subsections · 148 words · about 1 min to read
- Cross-references
- cites 3; cited by 6 Code sections and 52 other regulations
- Regulations
- 2 issued under this section
The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis (determined under section 1012 or other applicable sections of this subchapter and subchapters C (relating to corporate distributions and adjustments), K (relating to partners and partnerships), and P (relating to capital gains and losses)), adjusted as provided in section 1016.
If a deduction is allowable under section 170 (relating to charitable contributions) by reason of a sale, then the adjusted basis for determining the gain from such sale shall be that portion of the adjusted basis which bears the same ratio to the adjusted basis as the amount realized bears to the fair market value of the property.
(Aug. 16, 1954, ch. 736, 68A Stat. 296; Pub. L. 91–172, title II, § 201(f), Dec. 30, 1969, 83 Stat. 564.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 1011
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 3 other sections
- § 1012 Basis of property—cost
- § 1016 Adjustments to basis
- § 170 Charitable, etc., contributions and gifts
Cited by 6 Code sections
- § 165(b) Losses
- § 166(b) Bad debts
- § 167(c)(1) Depreciation
- § 612 Basis for cost depletion
- § 742 Basis of transferee partner’s interest
- § 1001(a) Determination of amount of and recognition of gain or loss
Cited in 52 regulations not issued under it
- § 1.48-12 Qualified rehabilitated building; expenditures incurred after December 31, 1981.
- § 1.167(a)-8 Retirements.
- § 1.167(g)-1 Basis for depreciation.
- § 1.168(b)-1 Definitions.
- § 1.168(d)-1 Applicable conventions—half-year and mid-quarter conventions.
- § 1.168(i)-1 General asset accounts.
- § 1.168(i)-8 Dispositions of MACRS property.
- § 1.168(k)-1 Additional first year depreciation deduction.
- § 1.168A-3 Election to discontinue amortization.
- § 1.168A-5 Adjusted basis of emergency facility.
- § 1.168A-6 Depreciation of portion of emergency facility not subject to amortization.
- § 1.169-1 Amortization of pollution control facilities.
- § 1.169-3 Amortizable basis.
- § 1.170A-1 Charitable, etc., contributions and gifts; allowance of deduction.
- § 1.170A-4 Reduction in amount of charitable contributions of certain appreciated property.
- § 1.187-1 Amortization of certain coal mine safety equipment.
- § 1.187-2 Definitions.
- § 1.197-2 Amortization of goodwill and certain other intangibles.
- § 1.199A-9 Domestic production gross receipts.
- § 1.216-2 Treatment as property subject to depreciation.
- § 1.217-2 Deduction for moving expenses paid or incurred in taxable years beginning after December 31, 1969.
- § 1.381(c)(4)-1 Method of accounting.
- § 1.381(c)(6)-1 Depreciation method.
- § 1.410(a)-2 Effective dates.
Show 28 more
- § 1.421-2 General rules.
- § 1.423-2 Employee stock purchase plan defined.
- § 1.503(e)-2 Requirements.
- § 1.514(a)-1 Unrelated debt-financed income and deductions.
- § 1.514(a)-2 Business lease rents and deductions for taxable years beginning before January 1, 1970.
- § 1.514(c)-1 Acquisition indebtedness.
- § 1.522-2 Manner of taxation of cooperative associations subject to section 522.
- § 1.545-3 Special adjustment to taxable income.
- § 1.612-1 Basis for allowance of cost depletion.
- § 1.642(c)-5 Definition of pooled income fund.
- § 1.742-1 Basis of transferee partner's interest.
- § 1.860F-4 REMIC reporting requirements and other administrative rules.
- § 1.988-2 Recognition and computation of exchange gain or loss.
- § 1.992-1 Requirements of a DISC.
- § 1.993-3 Definition of export property.
- § 1.993-4 Definition of producer's loans.
- § 1.1001-1 Computation of gain or loss.
- § 1.1001-2 Discharge of liabilities.
- § 1.1053-1 Property acquired before March 1, 1913.
- § 1.1081-10 Nonapplication of other provisions of the Internal Revenue Code of 1954.
- § 1.1245-2 Definition of recomputed basis.
- § 1.1254-2 Exceptions and limitations.
- § 1.1382-7 Special rules applicable to cooperative associations exempt from tax before January 1, 1952.
- § 1.1502-50 Consolidated section 250.
- § 1.6049-7 Returns of information with respect to REMIC regular interests and collateralized debt obligations.
- § 3.2 Ceiling on deposits.
- § 15a.453-1 Installment method reporting for sales of real property and casual sales of personal property.
- § 420.0-1 Certain existing plans may elect new provisions.
Amendment history
From the source credit and the official notes, newest first.
- Enacted by Pub. L. 91–172
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter O Gain or Loss on Disposition of Property
- Part II BASIS RULES OF GENERAL APPLICATION
Nearby sections
- § 1011 Adjusted basis for determining gain or loss
- § 1012 Basis of property—cost
- § 1013 Basis of property included in inventory
- § 1014 Basis of property acquired from a decedent
- § 1015 Basis of property acquired by gifts and transfers in trust
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Amendments
1969—Pub. L. 91–172 redesignated existing provisions as subsec. (a) and added subsec. (b).
Statutory Notes and Related Subsidiaries
Effective Date of 1969 Amendment
Amendment by Pub. L. 91–172 applicable with respect to sales made after Dec. 19, 1969, see section 201(g)(6) of Pub. L. 91–172, set out as a note under section 170 of this title.