### Question
How does Gain or Loss on Disposition of Property define customs value?


### Answer
Under *26 U.S.C. § 1059A*, **customs value** is defined as:

> the value taken into account for purposes of determining the amount of any customs duties or any other duties which may be imposed on the importation of any property

#### Citation:
  - *26 U.S.C. § 1059A*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART IV-SPECIAL RULES**

