Rev. Rul. 66-183

Revenue Ruling 65-104, C.B. 1965-1, 28, is clarified to remove any implication that all expenditures necessary to bring orchard trees to an income producing State must be capitalized. See section 1.162-12 of the Income Tax Regulations and Mim. 6030, C.B. 1946-2, 45. See also sections 175, 180, and 182 of the Internal Revenue Code of 1954.