Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 26 - Internal Revenue |
Chapter I - Internal Revenue Service, Department of the Treasury |
SubChapter A - Income Tax |
Part 1 - Income Taxes |
Regulations Applicable to Taxable Years Prior to December 30, 1996 |
§ 1.864-1 - Meaning of sale, etc.
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§ 1.864-1 Meaning of sale, etc.
For purposes of §§ 1.861 through 1.864-7, the word “sale” includes “exchange”; the word “sold” includes “exchanged”; the word “produced” includes “created”, “fabricated”, “manufactured”, “extracted”, “processed”, “cured”, and “aged”.
[T.D. 6948, 33 FR 5090, Mar. 28, 1968]