§ 263A(f)(1)

interest costs subject to capitalization

UNDECIDED

0 of 2 settled

  1. 1

    § 263A(f)(1)

    ALL OF

    Subsection (a) shall only apply to interest costs which are—

    “paid or incurred during the production period, and” § 263A(f)(1)(A)
    “allocable to property which is described in subsection (b)(1) and which has— a long useful life, an estimated production period exceeding 2 years, or an estimated production period exceeding 1 year and a cost exceeding $1,000,000.” § 263A(f)(1)(B) needs Step 2 section applies UNDECIDED
  2. 2

    § 263A(b)(1)

    section applies

    ALL OF
    NOT“Except as otherwise provided in this section,” Enclosing § 263A(b)
    “Real or tangible personal property produced by the taxpayer”