# 26 U.S.C. § 1013: Basis of property included in inventory

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s1013>. Cite pinpoints as 26 U.S.C. § 1013(a)(1).

If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.

## Regulations

- [Treas. Reg. § 1.1013-1](/26/reg/1.1013-1.md): Property included in inventory. (interprets § 1013)

## Leading cases

- [Wilson v. United States, 376 F.2d 280 (Ct. Cl. 1967)](https://www.courtlistener.com/opinion/275592/cliff-c-wilson-v-the-united-states/)
- [Fruehauf Trailer Co. v. Commissioner, 42 T.C. 83 (1964)](https://www.courtlistener.com/opinion/4701722/fruehauf-trailer-co-v-commissioner/)
- [Las Cruces Oil Co. v. Commissioner, 62 T.C. 764 (1974)](https://www.courtlistener.com/opinion/4703921/las-cruces-oil-co-v-commissioner/)

Derived from: 1939 § 113(a)(1)

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 296