1545-BL22 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Fractions Rule and Partnership Allocations

These regulations relate to the application of section 514(c)(9)(E) of the Internal Revenue Code (Code) to partnerships that hold debt-financed real property and have one or more (but not all) qualified tax-exempt organization partners within the meaning of section 514(c)(9)(C). The regulations amend the regulations under section 514(c)(9)(E) to allow certain allocations resulting from specified common business practices to comply with the rules under section 514(c)(9)(E). These regulations affect partnerships with qualified tax-exempt organization partners and their partners.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No Not subject to, not significant 26 CFR 1.514(c)-2 26 U.S.C. 7805 26 U.S.C. 514(C)(9)(E)(iii) No NPRM 11/23/2016 81 FR 84518 NPRM Comment Period End 02/21/2017 Final Action 05/00/2026 REG-136978-12 Drafter attorney: Joseph T. Alston (202) 317-5279; and Jeremy M. Brown (202) 317-5279 Reviewer attorney: Mary Beth Carchia (202) 317-5279; Robert D. Alinsky (202) 317-5279; and Caroline E. Hay (202) 317-6850 Treasury attorney: Vivek Chandrasekhar (202) 622-1082; and Drew Tidwell (202) 890-7687 CC:PT&E No None No No No Joseph Alston T. Attorney 1545 Internal Revenue Service IRS 202 317-5279 855 591-7865 joseph.t.alston@irscounsel.treas.gov 1111 Constitution Avenue NW, Room 5017, Washington DC 20224 Jeremy Brown M. Attorney 1545 Internal Revenue Service IRS 202 317-5279 855 591-7865 jeremy.m.brown2@irscounsel.treas.gov 1111 Constitution Avenue NW, Room 5007, Washington DC 20224