Skip to content
ChatProjectCodes

Introduction

SECTION 6. DRAFTING

Internal Revenue Bulletin 2007-39 · 2026-10-03 edition · updated 2026-10-04 · United States

INFORMATION

The principal author of this revenue procedure is Winston H. Douglas of the Office of Associate Chief Counsel (Income Tax & Accounting). For further information regarding this revenue procedure, contact Winston H. Douglas at (202) 622–4930 (not a toll-free call).

$400,000 amount, adjusted for inflation, are $112,000 and $450,000, respectively.

Section 8212 of the Act changes the $100,000 amount and the $400,000 amount to $125,000 (the $125,000 amount) and $500,000 (the $500,000 amount), respectively, for taxable years beginning in 2007 through 2010. Section 8212 of the Act also provides that the $125,000 amount and the $500,000 amount will be adjusted for inflation for taxable years beginning after 2007 and before 2011.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — Internal Revenue Bulletin 2007-39
Internal Revenue Bulletin 2007-39

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.