Introduction›Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
Section 167.—Depreciation
Internal Revenue Bulletin 2006-20 · 2026-10-03 edition · updated 2026-10-04 · United States
A notice describes an election to either include participations and residuals expected to be paid before the end of the tenth taxable year following the taxable year in which the property is placed in service in the adjusted basis of property for which the income forecast method of depreciation is used, or exclude participations and residuals from the adjusted basis of property for which the income forecast method of depreciation is used and deduct the participations and residuals in the taxable year that the participations and residuals are paid. See Notice 2006-47, page 892.
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