# § 1023. Cross references
**(1)** For certain distributions by a corporation which are applied in reduction of basis of stock, see section 301(c)(2).
**(2)** For basis in case of construction of new vessels, see chapter 533 of title 46, United States Code.
---
**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 302, § 1022; renumbered § 1023, Pub. L. 88–272, title II, § 225(j)(1), Feb. 26, 1964, 78 Stat. 92; renumbered § 1024 and amended Pub. L. 94–455, title XIX, § 1901(a)(127), title XX, § 2005(a)(2), Oct. 4, 1976, 90 Stat. 1784, 1872; renumbered § 1023, Pub. L. 96–223, title IV, § 401(a), Apr. 2, 1980, 94 Stat. 299; Pub. L. 96–589, § 6(i)(4), Dec. 24, 1980, 94 Stat. 3410; Pub. L. 109–304, § 17(e)(4), Oct. 6, 2006, 120 Stat. 1708.)
## Editorial Notes
### Prior Provisions
A prior section 1023, added , , ; amended , (4), title VII, § 702(c)(2)–(4), (6)–(8), , , 2926–2928, related to carryover basis for certain property acquired from a decedent dying after , prior to repeal by , , . The repeal was achieved by repealing and the amendment made thereby, which had enacted prior section 1023.
### Amendments
2006—Par. (2). substituted “chapter 533 of title 46, United States Code” for “section 511 of the Merchant Marine Act, 1936, as amended ()”.
1980— redesignated par. (3) as (2). Former par. (2), which provided reference to sections 670, 796, and 922 of Title 11, Bankruptcy, for basis of property in case of certain reorganizations and arrangements under the Bankruptcy Act, was struck out.
1976—Par. (4). , struck out par. (4) which referred to section 405 of the Defense Production Act of 1950 for rules applicable in case of payments in violation of that Act.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1980 Amendment and Revival of Prior Law
Amendment by effective , but not to apply to proceedings under Title 11, Bankruptcy, commenced before , see , set out as an Effective Date of 1980 Amendment note under .
> “Except to the extent necessary to carry out subsection (d) [set out as a note under
>
> ], the Internal Revenue Code of 1986 [formerly I.R.C. 1954] shall be applied and administered as if the provisions repealed by subsection (a), and the amendments made by those provisions [enacting this section and sections 6039A and 6698A of this title, redesignating former section 1023 as
>
> , and amending sections 306, 691, 1001, 1014, 1016, 1223, and 1246 of this title], had not been enacted.”
, , , as amended by , , , provided that:
> “The amendments made by this section [amending sections 306, 691, 1001, 1014, 1016, 1040, 1223, 1246, and 2614 of this title, repealing former section 1023 and sections 6039A and 6698A of this title, redesignating former
>
> as 1023, and enacting provisions set out as notes under this section and
>
> ] shall apply in respect of decedents dying after
>
> .”
, , , provided that:
### Effective Date of 1976 Amendment
Amendment by applicable with respect to taxable years beginning after , see , set out as a note under .
### Repeals
, cited as a credit to this section, which renumbered this section as , was repealed by , , , resulting in the redesignation of this section as . See Effective Date of 1980 Amendments and Revival of Prior Law note set out above.