1.263(a)-3—Election to deduct or capitalize certain expenditures.
(a)
Under certain provisions of the Code, taxpayers may elect to treat capital expenditures as deductible expenses or as deferred expenses, or to treat deductible expenses as capital expenditures.
(b)
The sections referred to in paragraph (a) of this section include:
(1)
Section 173 (circulation expenditures).
(2)
Section 174 (research and experimental expenditures).
(3)
Section 175 (soil and water conservation expenditures).
(4)
Section 177 (trademark and trade name expenditures).
(5)
Section 179 (election to expense certain depreciable business assets).
(6)
Section 180 (expenditures by farmers for fertilizer, lime, etc.).
(7)
Section 182 (expenditures by farmers for clearing land).
(8)
Section 248 (organizational expenditures of a corporation).
(9)
Section 266 (carrying charges).
(10)
Section 615 (exploration expenditures).
(11)
Section 616 (development expenditures).
Code of Federal Regulations
[T.D. 6500, 25 FR 11402, Nov. 26, 1960, as amended by T.D. 6794, 30 FR 792, Jan. 26, 1965; T.D. 8121, 52 FR 414, Jan. 6, 1987]