Internal Revenue Code · 26 U.S.C.
§ 268. Sale of land with unharvested crop
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. § 268
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 65 words · about 1 min to read
- Cross-references
- cites 1; cited by 1 Code section and 2 other regulations
- Regulations
- 1 issued under this section
Where an unharvested crop sold by the taxpayer is considered under the provisions of section 1231 as “property used in the trade or business”, in computing taxable income no deduction (whether or not for the taxable year of the sale and whether for expenses, depreciation, or otherwise) attributable to the production of such crop shall be allowed.
(Aug. 16, 1954, ch. 736, 68A Stat. 80.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 268
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited by 1 Code section
Cited in 2 regulations not issued under it
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter B Computation of Taxable Income
- Part IX ITEMS NOT DEDUCTIBLE
Nearby sections
- § 265 Expenses and interest relating to tax-exempt income
- § 266 Carrying charges
- § 267 Losses, expenses, and interest with respect to transactions between related taxpayers
- § 267A Certain related party amounts paid or accrued in hybrid transactions or with hybrid entities
- § 268 Sale of land with unharvested crop
- § 269 Acquisitions made to evade or avoid income tax
- § 269A Personal service corporations formed or availed of to avoid or evade income tax
- § 269B Stapled entities
- § 270 Repealed