Ala. Admin. Code r. 810-3-6-.13 - Basis Of Property Acquired Before January 1, 1933

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If property was acquired prior to January 1, 1933, the basis for determination of gain, loss, depreciation or depletion is the fair market value on January 1, 1933.

Author: Ed Cutter, CPA

Notes

Ala. Admin. Code r. 810-3-6-.13

New Rule: Filed April 28, 1999; effective June 2, 1999.

Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-6.

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