261General rule for disallowance of deductions262Personal, living, and family expenses263Capital expenditures263ACapitalization and inclusion in inventory costs of certain expenses264Certain amounts paid in connection with insurance contracts265Expenses and interest relating to tax-exempt income266Carrying charges267Losses, expenses, and interest with respect to transactions between related taxpayers267ACertain related party amounts paid or accrued in hybrid transactions or with hybrid entities268Sale of land with unharvested crop269Acquisitions made to evade or avoid income tax269APersonal service corporations formed or availed of to avoid or evade income tax269BStapled entities270Repealed. Pub. L. 91–172, title II, § 213(b), Dec. 30, 1969, 83 Stat. 572]Repealed271Debts owed by political parties, etc.272Disposal of coal or domestic iron ore273Holders of life or terminable interest274Disallowance of certain entertainment, etc., expenses275Certain taxes276Certain indirect contributions to political parties277Deductions incurred by certain membership organizations in transactions with members278Repealed. Pub. L. 99–514, title VIII, § 803(b)(6), Oct. 22, 1986, 100 Stat. 2356]Repealed279Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation280Repealed. Pub. L. 99–514, title VIII, § 803(b)(2)(A), Oct. 22, 1986, 100 Stat. 2355]Repealed280ADisallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.280BDemolition of structures280CCertain expenses for which credits are allowable280DRepealed. Pub. L. 100–418, title I, § 1941(b)(4)(A), Aug. 23, 1988, 102 Stat. 1324]Repealed280EExpenditures in connection with the illegal sale of drugs280FLimitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes280GGolden parachute payments280HLimitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years