26 USC 1357 - Items not subject to regular tax; depreciation; interest

U.S Code last checked for updates: Nov 26, 2024

§ 1357.

Items not subject to regular tax; depreciation; interest

(a)

Exclusion from gross income

(b)

Electing group member

(c)

Denial of losses, deductions, and credits

(1)

General rule

(2)

Depreciation

(A)

In general

(B)

Method

(i)

In general

(ii)

Exception

(3)

Interest

(A)

In general

(B)

Electing group

(Added Pub. L. 108–357, title II, § 248(a), Oct. 22, 2004, 118 Stat. 1455.)

cite as: 26 USC 1357