StacksVerified U.S. regulatory reference

26 CFR §1.261-1

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.