1545-BR44 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Time and Manner Provisions Governing Certain Elections Related to the Limitation on the Deduction of Investment Interest

The proposed regulation provides the time and manner for making an election to include qualified dividend income in investment income for purposes of computing the limitation on the deduction of investment interest under section 163(d). The proposed regulation also provides guidance on revoking the elections to include qualified dividend income and net capital gain in investment income for purposes of computing the limitation on the deduction of investment interest under section 163(d).

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage Undetermined No Other 26 CFR 1.163(d)-1 26 U.S.C. 7805 26 U.S.C. 163 No NPRM 05/00/2026 REG-118617-23 Drafting Attorney: Eugene Kirman 202-317-5149 Reviewing Attorney: Theresa M. Melchiorre: 202-317-4643 Treasury attorney: Heather A. Harman: 202-622-2623 CC: ITA No None No No No Eugene Kirman Attorney 1545 Internal Revenue Service IRS 202 317-4643 855 576-2335 eugene.kirman@irscounsel.treas.gov 1111 Constitution Ave NW, Washington DC 20224