26 C.F.R. § 1.261-1

Current through July 31, 2024

Section 1.261-1 - General rule for disallowance of deductions

In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.

26 C.F.R. §1.261-1