Items Not Deductible | Midpage

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United States Code

Part IX

Items Not Deductible

261General rule for disallowance of deductions 262Personal, living, and family expenses 263Capital expenditures 263ACapitalization and inclusion in inventory costs of certain expenses 264Certain amounts paid in connection with insurance contracts 265Expenses and interest relating to tax-exempt income 266Carrying charges 267Losses, expenses, and interest with respect to transactions between related taxpayers 267ACertain related party amounts paid or accrued in hybrid transactions or with hybrid entities 268Sale of land with unharvested crop 269Acquisitions made to evade or avoid income tax 269APersonal service corporations formed or availed of to avoid or evade income tax 269BStapled entities 271Debts owed by political parties, etc.272Disposal of coal or domestic iron ore 273Holders of life or terminable interest 274Disallowance of certain entertainment, etc., expenses 275Certain taxes 276Certain indirect contributions to political parties 277Deductions incurred by certain membership organizations in transactions with members 279Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation 280ADisallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.280BDemolition of structures 280CCertain expenses for which credits are allowable 280EExpenditures in connection with the illegal sale of drugs 280FLimitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes 280GGolden parachute payments 280HLimitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years