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TREAS/IRS RIN: 1545-BR44 Publication ID: Spring 2025 
Title: ●Time and Manner Provisions Governing Certain Elections Related to the Limitation on the Deduction of Investment Interest 
Abstract:

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).

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 26 CFR 1.163(d)-1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 163   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/00/2026 
Additional Information: 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
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:
Eugene Kirman
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Ave NW,
Washington, DC 20224
Phone:202 317-4643
Fax:855 576-2335
Email: eugene.kirman@irscounsel.treas.gov