### Question
How is the term amortizable basis defined?


### Answer
The term **amortizable basis** is defined in *26 U.S.C. § 194* as the following:

> that portion of the basis of the qualified timber property attributable to reforestation expenditures which have not been taken into account under subsection (b)

#### Citation:
  - *26 U.S.C. § 194*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

