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TREAS/IRS | RIN: 1545-BG61 | Publication ID: Fall 2017 |
Title: Stripped Interests in Bond and Preferred Stock Funds | |
Abstract:
The proposed regulations will provide guidance to taxpayers about the proper treatment of stripped interests in accounts or entities in which substantially all the assets consist of bonds, preferred stock, or a combination thereof. Under the proposed regulations, basis will be allocated among the stripped interests based upon relative fair market value. The proposed regulations also will provide rules requiring current recognition of income and basis adjustments by all holders of stripped interests. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Other | |
CFR Citation: 26 CFR 1 | |
Legal Authority: 26 U.S.C. 1286(f)-1 to 6 (new) 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-116402-07 (NPRM) Drafting attorney: Pamela Lew (202) 317-7053 Reviewing attorney: NA Treasury attorney: NA CC: FIP | |
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: Pamela Lew Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 3547, Washington, DC 20224 Phone:202 317-7053 Fax:855 574-9024 Email: pamela.lew@irscounsel.treas.gov |