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TREAS/IRS RIN: 1545-BP07 Publication ID: Spring 2025 
Title: Guidance Regarding the Determination of Built-In Gains and Losses 
Abstract:

These proposed regulations address built in gains and losses in a loss corporation. The IRS accepted public comments on the proposed regulations from September 10, 2019 to November 12, 2019. In response to comments received, the IRS revised portions of the proposed regulations and accepted further public comments from January 14, 2020 to March 16, 2020.

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 26 CFR 1.382-1    26 CFR 1.382-7   
Legal Authority: 26 U.S.C. 7805    IRC 382(m)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/10/2019  84 FR 47455   
NPRM Comment Period End  11/12/2019 
NPRM and Partial Withdrawal of NPRM  01/14/2020  85 FR 2061   
NPRM Comment Period End  03/16/2020 
Second NPRM  05/00/2026 
Additional Information: REG-125710-18 (Final) Drafter attorney: Lilia Stamm (202) 317-6847 Reviewer attorney: Brian Loss (202) 317-5024 Treasury attorney: Colin Campbell (202) 622-2721; Theron West Jr. 202-622-5975 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:
Lilia Stamm
Senior Counsel
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6847
Email: lilia.d.stamm@irscounsel.treas.gov