§1063 — Cross references
3 cases·3 cited
Statute Text — 26 U.S.C. §1063
(1)
For nonrecognition of gain in connection with the transfer of obsolete vessels to the Maritime Administration under chapter 573 of title 46, United States Code, see
section 57307 of title 46
.
(2)
For recognition of gain or loss in connection with the construction of new vessels, see chapter 533 of title 46, United States Code.
3 Citing Cases
It provides that, “[i]n the case of the demolition of any structure,” no deduc- tion otherwise allowable shall be allowed to the owner for “any amount expended for such demolition” or “any loss sustained on account of such demolition.” Sec.