### Question
How does Computation of Taxable Income define amortizable basis?


### Answer
Under *26 U.S.C. § 194*, **amortizable basis** is defined as:

> 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**

