{"data":{"id":"us/26-cfr-1.274-7","jurisdiction":"us","citation":"26 CFR 1.274-7","heading":"-7 Treatment of certain expenditures with respect to entertainment-type facilities.","body":"If deductions are disallowed under § 1.274-2 with respect to any portion of a facility, such portion shall be treated as an asset which is used for personal, living, and family purposes (and not as an asset used in a trade or business). Thus, the basis of such a facility will be adjusted for purposes of computing depreciation deductions and determining gain or loss on the sale of such facility in the same manner as other property (for example, a residence) which is regarded as used partly for business and partly for personal purposes.","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":"a91df7e882d8c9eeb615f2079308d8829c5b71ded8bf0fad2a3cb1aa7f5f52a9","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.274-6t","next":"us/26-cfr-1.274-8"},"notice":"GroundRules: Original legal text. Not legal advice."}