26 USC § 1052 - Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939

---
identifier: "/us/usc/t26/s1052"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 1052 - Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "1052"
section_name: "Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "O"
subchapter_name: "Gain or Loss on Disposition of Property"
part_number: "IV"
part_name: "SPECIAL RULES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 16, 1954, ch. 736, 68A Stat. 310.)"
---


# § 1052. Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939

**(a)** **Revenue Act of 1932** February 28, 1913January 1, 193447 Stat. 199

If the property was acquired, after , in any taxable year beginning before , and the basis thereof, for purposes of the Revenue Act of 1932 was prescribed by section 113(a)(6), (7), or (9) of such Act (), then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Revenue Act of 1932.

**(b)** **Revenue Act of 1934** February 28, 1913January 1, 193648 Stat. 706

If the property was acquired, after , in any taxable year beginning before , and the basis thereof, for purposes of the Revenue Act of 1934, was prescribed by section 113(a)(6), (7), or (8) of such Act (), then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Revenue Act of 1934.

**(c)** **Internal Revenue Code of 1939** February 28, 1913

If the property was acquired, after , in a transaction to which the Internal Revenue Code of 1939 applied, and the basis thereof, for purposes of the Internal Revenue Code of 1939, was prescribed by section 113(a)(6), (7), (8), (13), (15), (18), (19), or (23) of such code, then for purposes of this subtitle the basis shall be the same as the basis therein prescribed in the Internal Revenue Code of 1939.

---

**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 310.)

## Editorial Notes

### References in Text

Revenue Act of 1932, referred to in section catchline and subsec. (a), is , . For complete classification of the Act to the Code, see Tables.

Revenue Act of 1934, referred to in section catchline and subsec. (b), is , . For complete classification of this Act to the Code, see Tables.

The Internal Revenue Code of 1939, referred to in section catchline and subsec. (c), is , . Prior to the enactment of the Internal Revenue Code of 1986 [formerly I.R.C. 1954], the 1939 Code was classified to former Title 26, Internal Revenue Code. For Table comparisons of the 1939 Code to the 1986 Code, see table I preceding .

Section 113 of the Internal Revenue Code of 1939, referred to in subsec. (c), was classified to section 113 of former Title 26, Internal Revenue Code. Section 113 was repealed by . For table of comparisons of the 1939 Code to the 1986 Code, see Table I preceding . See, also,  for provision that references in the 1986 Code to a provision of the 1939 Code, not then applicable, shall be deemed a reference to the corresponding provision of the 1986 Code, which is then applicable.