purchase price
Defined in 2 places of the United States Code.
The term “purchase price” means the adjusted basis of the principal residence on the date such residence is purchased.
Same definition in 2 sections
- 1998–present26 U.S.C. § 1400CInternal Revenue Code · First-time homebuyer credit for District of Columbia · for purposes of this section
- 2008–present26 U.S.C. § 36Internal Revenue Code · Overpayments of tax · for purposes of this section
The term “purchase price” means the adjusted basis of the principal residence on the date of acquisition (within the meaning of section 72(t)(8)(D)(iii)).
Source
- 1997–199826 U.S.C. § 1400CInternal Revenue Code · First-time homebuyer credit for District of Columbia · for purposes of this section