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TREAS/IRS RIN: 1545-BJ21 Publication ID: Spring 2011 
Title: Corporate Reorganizations; Allocation of Basis in Section 368(a)(1)(D) Reorganizations 
Abstract: This document contains final regulations amending section 1.358-2 which provides guidance regarding the determination of the basis of stock or securities in a reorganization described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation is issued and distributed in the transaction. These regulations clarify that, in a reorganization described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation is issued and distributed in the transaction, the ability to designate the share of stock of the acquiring corporation to which the basis, if any, of the stock or securities surrendered will attach applies only to a shareholder that owns actual shares in the acquiring corporation. 
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 7805    26 USC 368   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2011    
Additional Information: REG-101273-10 Drafting attorney: Bruce A. Decker (202) 622-7930 Reviewing attorney: Lisa A. Fuller (202) 622-7550 CC: CORP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Bruce A. Decker
Senior Technician Reviewer
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue, NW, Room 5038,
Washington, DC 20224
Phone:202 622-7930
Fax:202 622-6298
Email: bruce.a.decker@irscounsel.treas.gov