43-905

43-905. Period in which deductions and credits
to be taken

The deductions and credits provided for in this title shall be taken for the taxable
year in which "paid or accrued" or "paid or incurred", dependent upon the method of
accounting upon the basis of which the taxable income is computed, unless in order
clearly to reflect the income the deductions or credits should be taken as of a different
period. In the case of the death of a taxpayer whose taxable income is computed upon the
basis of the accrual method of accounting, amounts except amounts includible in computing
a partner's taxable income under section 43-1412, accrued as deductions and credits only
by reason of the death of the taxpayer, shall not be allowed in computing taxable income
for the period in which falls the date of the taxpayer's death.