Sec. 1.263(f)-1 Reasonable repair allowance.

(a) For rules regarding the election of the repair allowance authorized by section 263(f) , the definition of repair allowance property, and the conditions under which an election may be made, see paragraphs (d) (2) and (f) of section 1.167(a)-11 . An election may be made under this section for a taxable year only if the taxpayer makes an election under section 1.167(a)-11 for such taxable year.