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

Current through Register Vol. 43, No. 1, October 31, 2024

Section 810-3-6-.13 - Basis Of Property Acquired Before January 1, 1933

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

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.