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TREAS/IRS RIN: 1545-BJ29 Publication ID: Spring 2016 
Title: Elimination of Circular Adjustments to Basis; Absorption of Losses 
Abstract:

Proposed rules revise rules determining the amount of loss attributed to a subsidiary; the method for calculating the amount of a subsidiary's loss that may be absorbed in a year that its stock is sold.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 1502   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/11/2015  80 FR 33211   
NPRM Comment Period End  09/09/2015 
Final Action  12/00/2016 
Additional Information: REG-101652-10 Drafting attorney: Robert M. Rhyne (202) 317-6898 Reviewing attorney: Lawrence M. Axelrod (202) 317-5337 CC: CORP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Robert M. Rhyne
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5426,
Washington, DC 20224
Phone:202 317-6848
Fax:855 561-0923
Email: robert.m.rhyne@irscounsel.treas.gov