[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: 26CFR1.1052-3]

[Page 172]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1052-3  Basis of property established by the Internal Revenue 
Code of 1939.

    Section 1052(c) provides that if property was acquired after 
February 28, 1913, in a transaction to which the Internal Revenue Code 
of 1939 applied and the basis thereof was prescribed by section 113(a) 
(6), (7), (8), (13), (15), (18), (19) or (23) of such Code, then for 
purposes of subtitle A of the Internal Revenue Code of 1954, the basis 
shall be the same as the basis prescribed in the Internal Revenue Code 
of 1939. In such cases, see section 113(a) of the Internal Revenue Code 
of 1939 and the regulations thereunder.