Sec. 280B Demolition of structures
In the case of the demolition of any structure--
(1) no deduction otherwise allowable under this chapter shall be allowed to the owner or lessee of such structure for--
(A) any amount expended for such demolition, or
(B) any loss sustained on account of such demolition; and
(2) amounts described in paragraph (1) shall be treated as properly chargeable to capital account with respect to the land on which the demolished structure was located.
