[Code of Federal Regulations]
[Title 26, Volume 11]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.1052-1]

[Page 172]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1052-1  Basis of property established by Revenue Act of 1932.

    Section 1052(a) provides that if property was acquired after 
February 28, 1913, in any taxable year beginning before January 1, 1934, 
and the basis of the property, for the purposes of the Revenue Act of 
1932 (47 Stat. 169), was prescribed by section 113(a) (6), (7), or (9) 
of that act, then for purposes of subtitle A of the Code, the basis 
shall be the same as the basis prescribed in the Revenue Act of 1932. 
For the rules applicable in determining the basis of stocks or 
securities under section 113(a)(9) of the Revenue Act of 1932 in case of 
certain distributions after December 31, 1923, and in any taxable year 
beginning before January 1, 1934, see 26 CFR (1939) 39.113 (a)(12)-1 
(Regulations 118).