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Section 263 h6/9/2023 ![]() For example, see section 263A, which requires taxpayers to capitalize the direct and allocable indirect costs to property produced by the taxpayer and property acquired for resale. Nothing in this section changes the treatment of any amount that is specifically provided for under any provision of the Internal Revenue Code or the Treasury Regulations other than section 162(a) or section 212 and the regulations under those sections. (b) Coordination with other provisions of the Internal Revenue Code. (2) Any amount paid in restoring property or in making good the exhaustion thereof for which an allowance is or has been made. (1) Any amount paid for new buildings or for permanent improvements or betterments made to increase the value of any property or estate or Except as provided in chapter 1 of the Internal Revenue Code, no deduction is allowed for. (a) General rule for capital expenditures. ยง 1.263(a)-1 Capital expenditures in general.
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