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TREAS/IRS RIN: 1545-BO81 Publication ID: Spring 2021 
Title: Guidance Under Section 1061 
Abstract:

This regulation will provide guidance on the application of newly enacted section 1061 of the Internal Revenue Code. Section 1061 recharacterizes certain net long-term capital gains of a partner that holds one or more applicable partnership interests as short-term capital gains.

 
Agency: Department of the Treasury(TREAS)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 26 CFR 1061   
Legal Authority: 26 U.S.C. 1061    26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/14/2020  85 FR 49754   
NPRM Comment Period End  10/05/2020 
Final Regulations (TD 9945)  01/19/2021  86 FR 5452   
Final Regulations Effective  01/19/2021 
Additional Information: REG-107213-18 Drafter attorney: Kara Altman (202) 317-6850 Reviewer attorney: Wendy Kribell (202) 317-5279 Treasury attorney: Bryan Rimmke (202) 622-1005 CC:PSI
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Kara Altman
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5004,
Washington, DC 20224
Phone:202 317-5576
Fax:855 591-7864
Email: kara.altman@irscounsel.treas.gov