5.26 Ark. Code R. 51-411(a)

Current through Register Vol. 49, No. 10, October, 2024

Rule 5.26-51-411(a) - Basis of Property Acquired On or Before March 9, 1929

In computing the gain or loss from the sale of other disposition of property acquired by gift on or before March 9, 1929, the basis shall be the assessed valuation of the property.