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TREAS/IRS | RIN: 1545-BK78 | Publication ID: Fall 2014 |
Title: Section 280A Deduction Limitation Regulations | |
Abstract: Rules for the limitation under section 280A(c)(5) are updated on deductions incurred by reason of the business or rental use of a taxpayer's dwelling unit. Specifically, the regulation will outline the ordering rules for taking into account categories of current and carryover deductions under section 280A(c)(5). Additionally, the regulations will outline treatment of gains and losses from the sale of assets that are derived from the business or rental use of the taxpayer's dwelling unit. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 26 USC 280A 26 USC 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-126430-11 Drafting attorney: Christopher W. Call (202) 317-7007 Reviewing attorney: W. Thomas McElroy, Jr. (202) 317-7007 CC:ITA | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Christopher W. Call General Attorney (Tax) Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 4138, Washington, DC 20224 Phone:202 317-4664 Fax:202 317-4645 Email: christopher.w.call@irscounsel.treas.gov |