Bulletin No. 2013-12 March 18, 2013

Notice 2013–13, page 659. This notice invites comments on whether equipment simultaneously held by a dealer for sale or lease (dual-use property) is inventoriable property or depreciable property for purposes of section 167 of the Code, and whether and under what circumstances the property is eligible for like-kind exchange treatment under section 1031.

Rev. Proc. 2013–21, page 660. This procedure provides the depreciation deduction limitations for owners of passenger automobiles (including trucks and vans) first placed in service during calendar year 2013 and amounts to be included in income by lessees of passenger automobiles first leased during calendar year 2013.

Actions Relating to Court Decisions is on the page following the Introduction. Finding Lists begin on page ii.