Title 26 — Internal Revenue CodeRelease 119-73not60
§612 Basis for Cost Depletion
Title 26 › Subtitle Subtitle A— Income Taxes › Chapter 1— NORMAL TAXES AND SURTAXES › Subchapter I— Natural Resources › Part I— DEDUCTIONS › § 612
Full Legal Text
Title 26, §612
Internal Revenue Code — Source: USLM XML via OLRC
Except as otherwise provided in this subchapter, the basis on which depletion is to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain upon the sale or other disposition of such property.
Reference
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Citation
26 U.S.C. § 612
Title 26 — Internal Revenue Code
Last Updated
Apr 5, 2026
Release point: 119-73not60