[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.514(e)-1]

[Page 213]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.514(e)-1  Allocation rules.

    Where only a portion of property is debt-financed property, proper 
allocation of the basis, indebtedness, income, and deductions with 
respect to such property must be made to determine the amount of income 
or gain derived from such property which is to be treated as unrelated 
debt-financed income. See examples 2 and 3 of paragraph (b)(1)(iii) of 
Sec. 1.514(b)-1 and examples 1, (2), and (3) of paragraph (b)(3)(iii) 
of Sec. 1.514(b)-1 for illustrations of proper allocation.

[T.D. 7229, 37 FR 28153, Dec. 21, 1972]

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