The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis (determined under section
1012 or other applicable sections of this subchapter and subchapters C (relating to corporate distributions and adjustments), K (relating to partners and partnerships), and P (relating to capital gains and losses)), adjusted as provided in section
(b) Bargain sale to a charitable organization
If a deduction is allowable under section
170 (relating to charitable contributions) by reason of a sale, then the adjusted basis for determining the gain from such sale shall be that portion of the adjusted basis which bears the same ratio to the adjusted basis as the amount realized bears to the fair market value of the property.
1969—Pub. L. 91–172redesignated existing provisions as subsec. (a) and added subsec. (b).
Effective Date of 1969 Amendment
Amendment by Pub. L. 91–172applicable with respect to sales made after Dec. 19, 1969, see section 201(g)(6) ofPub. L. 91–172, set out as a note under section
170 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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