{"data":{"id":"us/26-cfr-1.1013-1","jurisdiction":"us","citation":"26 CFR 1.1013-1","heading":"-1 Property included in inventory.","body":"The basis of property required to be included in inventory is the last inventory value of such property in the hands of the taxpayer. The requirements with respect to the valuation of an inventory are stated in subpart D (section 471 and following), part II, subchapter E, chapter 1 of the Code, and the regulations thereunder.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"280989a5dc1ffa09a175f081148693064a585a67baca7db9c8e2d780493744de","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.1012-2","next":"us/26-cfr-1.1014-0"},"notice":"GroundRules: Original legal text. Not legal advice."}