[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] [[Page 214]]