Title 26, Internal Revenue CodeRelease 119-102
§612 Basis for Cost Depletion
Title 26 › Subtitle A — Income Taxes › CHAPTER 1 — NORMAL TAXES AND SURTAXES › Subchapter I — Natural Resources › PART I — DEDUCTIONS › § 612
Summary
Use the adjusted basis in section 1011 to compute depletion unless other rules in this subchapter apply.
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
Citations & Metadata
Citation
26 U.S.C. § 612
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102