---
type: "LegalText"
title: "26 U.S.C. § 1013"
description: "Basis of property included in inventory"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
chapter_number: "1"
chapter_name: "NORMAL TAXES AND SURTAXES"
section: "1013"
citation: "26 U.S.C. § 1013"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
source_identifier: "/us/usc/t26/s1013"
source_file: "data/legal/raw/us/code/title-26/usc26.xml"
source_hash: "11a185db2d6713562bf159ace196213ef816afba1c05c693cc0764ffff691e64"
raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
text_hash: "bce374d708e7b527e2d0a2100efac2471c4e1d4d31368cc76b6b06a814b16059"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

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

## Text

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

(Aug. 16, 1954, ch. 736, 68A Stat. 296.)