annual accrual method of accounting

(2) Annual accrual method of accounting defined For purposes of paragraph (1), the term “annual accrual method of accounting” means a method under which revenues, costs, and expenses are computed on an accrual method of accounting and the preproductive period expenses incurred during the taxable year are charged to harvested crops or deducted in determining the taxable income for such years.

Source

26 USC § 447(e)(2)

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Scoping language

None identified, default scope is assumed to be the parent (subpart A) of this section.

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