Statutes, codes, and regulations
Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-3-6 - GAIN OR LOSS - BASIS OF PROPERTY; ADJUSTED BASIS
Section 810-3-6-.11 - Basis Of Stock After Stock Dividend

Ala. Admin. Code r. 810-3-6-.11

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Current through Register Vol. 42, No. 10, July 31, 2024
Section 810-3-6-.11 - Basis Of Stock After Stock Dividend

The basis of stock with respect to which a corporation makes a distribution of its stock and the basis of the stock distributed shall be determined in accordance with 26 U.S.C. § 307. For interpretation of federal statutes adopted by the Alabama Legislature see Rule 810-3-1.1 -.01, Operating Rules.

Author: Ed Cutter, CPA

Ala. Admin. Code r. 810-3-6-.11

New Rule: Filed April 28, 1999; effective June 2, 1999.

Statutory Authority:Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-6.