1.164-5

Deduction denied in case of certain taxes.
Definitions and special rules.

Certain retail sales taxes and gasoline taxes.

1.164-6 Apportionment of taxes on real property between seller and purchaser. 1.164-7 Taxes of shareholder paid by corporation.

1.164-8 Payments for municipal services in atomic energy communities 1.165 Statutory provisions; losses.

Sale of residential property.

Wagering losses.

1.165-11 Election in respect of losses attributable to a disaster.

1.166 Statutory provisions; bad debts.

1.166-1 Bad debts.

Evidence of worthlessness.

1.166-2

1.166-6 Sale of mortgaged or pledged property.

1.166-7

Worthless bonds issued by an individual.

1.166-8 Losses of guarantors, endorsers, and indemnitors.

1.167(a)-10 When depreciation deduction is allowable.

1.167(b) Statutory provisions; depreciation; use of certain methods and rates. 1.167(b)-0 Methods of computing depreciation.

1.167 (c) Statutory provisions; depreciation; limitations on use of certain methods and rates.

1.167(c)-1 Limitations on methods of computing depreciation under section 167(b) (2), (3), and (4).

1.167 (d) Statutory provisions; depreciation; agreement as to useful life on which depreciation rate is based.

1.167 (d)-1 Agreement as to useful life and rates of depreciation.

1.167(e) Statutory provisions; depreciation; change in method.

1.167(e)-1 Change in method.

1.167 (f) Statutory provisions; depreciation; salvage value.

1.167 (f)-1 Reduction of salvage value taken into account for certain personal property.

1.167 (g) Statutory provisions; depreciation; basis for depreciation.

1.167 (g)-1 Basis for depreciation.

1.167 (h)

Statutory provisions; depreciation; life tenants and beneficiaries of trusts and estates.

1.167 (h)-1 Life tenants and beneficiaries of trusts and estates.

1.167 (1) Statutory provisions; depreciation; depreciation of improvements in the

case of mines, etc.

Sec.

1.167 (i)-1 Depreciation of improvements in the case of mines, etc. 1.168 Statutory provisions; amortization of emergency facilities. 1.168-1 Amortization of emergency facilities; general rule.

1.168-2 Election of amortization.

1.168-3 Election to discontinue amortization.

1.168-6

Depreciation of portion of emergency facility not subject to amortization. 1.168-7 Payment by United States of unamortized cost of facility.

1.169 Statutory provisions; amortization of grain-storage facilities. 1.169-1 General scope of section 169.

1.169-2 Definition of grain-storage facility.

1.169-7

tion.

Depreciation of portion of grain-storage facility not subject to amortiza

1.169-8 Life tenant and remainderman.

1.170 Statutory provisions; charitable, etc., contributions and gifts.

1.170-1 Charitable, etc., contributions and gifts; allowance of deduction.
Charitable deductions by individuals; limitations.
Contributions or gifts by corporations.

1.170-2

1.170-3

1.171 Statutory provisions; amortizable bond premium.

1.171-1

1.171-2

Amortizable bond premium.

Determination of bond premium.

1.171-3 Election with respect to taxable and partially taxable bonds. 1.171-4

Definition.

1.172 Statutory provisions; net operating loss deduction.

1.172-1 Net operating loss deduction.

1.172-2 Net operating loss in case of a corporation.

1.172-3 Net operating loss in case of a taxpayer other than a corporation.

1.172-4 Net operating loss carrybacks and net operating loss carryovers.

1.172-5 Taxable income which is subtracted from net operating loss to determine carryback or carryover.

1.172-6

1.172-7

Illustration of net operating loss carrybacks and carryovers.
Joint return by husband and wife.

1.172-8 Net operating loss carryback for purposes of the excess profits tax.
1.172-9

Net operating loss carrybacks in case of certifications under the Trade Expansion Act of 1962.

1.172-10 Net operating loss carryovers for regulated transportation corporations. 1.172-11 Election with respect to portion of net operating loss attributable to foreign expropriation loss.

1.173 Statutory provisions; circulation expenditures.

1.173-1 Circulation expenditures.

1.174 Statutory provisions; research and experimental expenditures.

1.174-1 Research and experimental expenditures; in general.

1.174-2

1.174-3

1.174-4

Definition of research and experimental expenditures.

Treatment as expenses.

Treatment as deferred expenses.

1.175 Statutory provisions; soil and water conservation expenditures. 1.175-1 Soil and water conservation expenditures; in general.

1.175-2 Definition of soil and water conservation expenditures.

1.176 Statutory provisions; payments with respect to employees of certain foreign corporations.

1.177 Statutory provisions; trademark and trade name expenditures.

1.177-1 Election to amortize trademark and trade name expenditures.

1.178 Statutory provisions; depreciation or amortization of improvements made by lessee on lessor's property.

1.178-1 Depreciation or amortization of improvements on leased property and cost of acquiring a lease.

1.179 Statutory provisions; additional first-year depreciation allowance. 1.179-1 Additional first-year depreciation allowance.

1.179-2 Dollar limitation.

1.179-3

Definitions and special rules.

1.179-4 Time and manner of making election.

1.180 Statutory provisions; expenditures by farmers for fertilizer, etc. 1.180-1 Expenditures by farmers for fertilizer, etc.

1.180-2 Time and manner of making election and revocation.

1.182 Statutory provisions; expenditures by farmers for clearing land. 1.182-1 Expenditures by farmers for clearing land; in general. Definition of "the business of farming."

1.182-2

1.182-3 Definition, exceptions, etc., relating to deductible expenditures. 1.182-4 Definition of "land suitable for use in farming", etc.

1.182-5

Limitation.

1.182-6 Election to deduct land clearing expenditures.

ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS

1.211 Statutory provisions; allowance of deductions.

1.211-1 Allowance of deductions.

1.212 Statutory provisions; expenses for production of income.

1.212-1 Nontrade or nonbusiness expenses.

1.213 Statutory provisions; medical, dental, etc., expenses.

1.213-1 Medical, dental, etc., expenses.

1.213-2 Maximum limitation on deduction if taxpayer or spouse is age 65 or over and is disabled.

1.214 Statutory provisions; expenses for care of certain dependents.

1.214-1 Expenses for the care of certain dependents.

1.215 Statutory provisions; alimony, etc., payments.

1.215-1 Periodic alimony, etc., payments.

1.216 Statutory provisions; deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder.

1.216-1 Amounts representing taxes and interest paid to cooperative housing corporation.

1.216-2 Treatment as property subject to depreciation.

1.217 Statutory provisions; moving expenses.

1.217-1 Deduction for moving expenses.

1.218 Statutory provisions; cross references.

SPECIAL DEDUCTIONS FOR CORPORATIONS

1.241 Statutory provisions; allowance of special deductions. 1.241-1 Allowance of special deductions.

1.242 Statutory provisions; partially tax-exempt interest.

1.242-1 Deduction for partially tax-exempt interest.

1.243 Statutory provisions; dividends received by corporations. 1.243-1 Deduction for dividends received by corporations.

1.243-2 Special rules for certain distributions.

1.244 Statutory provisions; dividends received on certain preferred stock. 1.244-1 Deduction for dividends received on certain preferred stock.

1.244-2 Computation of deduction.

1.245 Statutory provisions; dividends received from certain foreign corporations. 1.245-1 Deduction for dividends received from certain foreign corporations. 1.246 Statutory provisions; rules applying to deductions for dividends received. 1.246-1 Deductions not allowed for dividends from certain corporations. 1.246-2

Limitation on aggregate amount of deductions.

1.246-3 Exclusion of certain dividends.

1.247 Statutory provisions; dividends paid on certain preferred stock of public utilities.

1.247-1 Deduction for dividends paid on preferred stock of public utilities.

Sec.

1.248 Statutory provisions; organizational expenditures. 1.248-1 Election to amortize organizational expenditures.

ITEMS NOT DEDUCTIBLE

1.261 Statutory provisions; general rule for disallowance of deductions. 1.261-1 General rule for disallowance of deductions.

1.262 Statutory provisions; personal, living, and family expenses.

1.262-1 Personal, living, and family expenses.

1.263 (a)

1.263 (a)-1 1.263 (a)-2 1.263(a)-3

Statutory provisions; capital expenditures; general rule.
Capital expenditures; in general.

Examples of capital expenditures.

Election to deduct or capitalize certain expenditures.

1.263(b) Statutory provisions; capital expenditures; expenditures for advertising and good will.

1.263(b)-1 Expenditures for advertising or promotion of good will.

1.263 (c) Statutory provisions; capital expenditures; intangible drilling and development costs in the case of oil and gas wells.

1.263 (c)-1 Intangible drilling and development costs in the case of oil and gas wells.

1.264 Statutory provisions; certain amounts paid in connection with insurance contracts.

1.264-1 Premiums on life insurance taken out in a trade or business.

1.264-2 Single premium life insurance, endowment, or annuity contracts.

1.264-3 Effective date; taxable years ending after March 1, 1954, subject to the Internal Revenue Code of 1939.

1.264-4 Other life insurance, endowment, or annuity contracts.

1.265 Statutory provisions; expenses and interest relating to tax-exempt income. 1.265-1 Expenses relating to tax-exempt income.

1.265-2 Interest relating to tax-exempt income.

1.266 Statutory provisions; carrying charges.

1.266-1 Taxes and carrying charges chargeable to capital account and treated as capital items.

1.267(a) Statutory provisions; losses, expenses, and interest with respect to transactions between related taxpayers; deductions disallowed.

1.267(a)-1 Deductions disallowed.

1.267 (b) Statutory provisions; losses, expenses, and interest with respect to transactions between related taxpayers; relationships.

1.267(b)-1

Relationships.

1.267 (c) Statutory provisions; losses, expenses, and interest with respect to transactions between related taxpayers; constructive ownership of stock.

1.267 (c)-1 Constructive ownership of stock.

1.267 (d)

Statutory provisions; losses, expenses, and interest with respect to transactions between related taxpayers; amount of gain where loss previously disallowed.

1.267 (d)-1 Amount of gain where loss previously disallowed.

1.267(d)-2 Effective date; taxable years subject to the Internal Revenue Code of 1939.

1.268 Statutory provisions; sale of land with unharvested crop.

1.268-1 Items attributable to an unharvested crop sold with the land.

1.269 Statutory provisions; acquisitions made to evade or avoid income tax. 1.269-1 Meaning and use of terms.

1.269-3 Instances in which section 269 (a) disallows a deduction, credit, or other allowance.

1.269-4 Power of district director to allocate deduction, credit, or allowance in part. 1.269-5 Presumption in case of disproportionate purchase price.

1.269-6 Relationship of section 269 to section 382.

1.270 Statutory provisions; limitation on deductions allowable to individuals in certain cases.

1.270-1 Limitation on deductions allowable to individuals in certain cases. 1.271 Statutory provisions; debts owed by political parties, etc.

1.271-1 Debts owed by political parties.

1.272 Statutory provisions; disposal of coal or domestic iron ore. 1.272-1

Expenditures relating to disposal of coal or domestic iron ore. 1.273 Statutory provisions; holders of life or terminable interest. 1.273-1 Life or terminable interests.

1.274 Statutory provisions; disallowance of certain entertainment, etc., expenses. 1.274-1 Disallowance of certain entertainment, gift and travel expenses. 1.274-2 Disallowance of deductions for certain expenses for entertainment, amusement, or recreation.

1.274-3 Disallowance of deduction for gifts.

1.274-4 Disallowance of certain foreign travel expenses.

1.274-5 Substantiation requirements.

1.274-6 Expenditures deductible without regard to trade or business or other income producing activity.

1.274-7 Treatment of certain expenditures with respect to entertainment-type

1.274-8 Effective date.

1.275 Statutory provisions; certain taxes.

1.275-1 Deduction denied in case of certain taxes.

1.276 Statutory provisions; disallowance of deductions for certain indirect contributions to political parties.

1.276-1 Disallowance of deductions for certain indirect contributions to political parties.

AUTHORITY: The provisions of this Part 1, §§ 1.0-1 to 1.300, issued under sec. 7805, 68A Stat. 917; 26 U.S.C. 7805, unless otherwise noted.

SOURCE: The provisions of this Part 1, §§ 1.0-1 to 1.300, contained in Treasury Decision 6500, 25 F.R. 11402, Nov. 26, 1960; 25 F.R. 14021, Dec. 31, 1960, unless otherwise noted.