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U.S. Code, Title 26, Internal Revenue Code
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 268. Sale of Land With Unharvested Crop
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.)
Section Referred to in Other Sections
This section is referred to in section 1016 of this title.
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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 268. Sale of Land With Unharvested Crop," U.S. Code, Title 26, Internal Revenue Code in U.S. Code, Title 26, Internal Revenue Code (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed October 23, 2024, http://www.originalsources.com/Document.aspx?DocID=3WE4UBGFL3F4C12.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 268. Sale of Land With Unharvested Crop." U.S. Code, Title 26, Internal Revenue Code, in U.S. Code, Title 26, Internal Revenue Code, Washington, D.C., Government Printing Office, 2002, Original Sources. 23 Oct. 2024. http://www.originalsources.com/Document.aspx?DocID=3WE4UBGFL3F4C12.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 268. Sale of Land With Unharvested Crop' in U.S. Code, Title 26, Internal Revenue Code. cited in 2002, U.S. Code, Title 26, Internal Revenue Code, Government Printing Office, Washington, D.C.. Original Sources, retrieved 23 October 2024, from http://www.originalsources.com/Document.aspx?DocID=3WE4UBGFL3F4C12.
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