Neither the basis nor the adjusted basis of any portion of real property shall, in the case of the lessor of such property, be increased or diminished on account of income derived by the lessor in respect of such property and excludable from gross income under section 109 (relating to improvements by lessee on lessor’s property).
Title 26
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26 U.S.C. § 1019.Chapter 1
§ 1019
Property on which lessee has made improvements
Title 26
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Subchapter: Gain or Loss on Disposition of Property
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