U.S. Code > Title 26 Internal Revenue Code > Subtitle A—Income Taxes (§§ 1—1564) > CHAPTER 1—NORMAL TAXES AND SURTAXES (§§ 1—1400U3) > Subchapter O—Gain or Loss on Disposition of Property (§§ 1001—1111) > PART II—BASIS RULES OF GENERAL APPLICATION (§§ 1011—1024) > § 1013. Basis of property included in inventory

§ 1013. Basis of property included in inventory

If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.