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TREAS/IRS RIN: 1545-BJ29 Publication ID: Fall 2018 
Title: Elimination of Circular Adjustments to Basis; Absorption of Losses 
Abstract:

Proposed rules revise rules determining the amount of loss attributed to a subsidiary; the method for calculating the amount of a subsidiary's loss that may be absorbed in a year that its stock is sold.

 
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. 7805    26 U.S.C. 1502   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/11/2015  80 FR 33211   
NPRM Comment Period End  09/09/2015 
Final Action  12/00/2019 
Additional Information: REG-101652-10 Drafter attorney: Robert M. Rhyne (202) 317-6898 Reviewer attorney: Marie Milnes-Vasquez (202) 317-7700 Treasury attorney: Colin Campbell (202) 622-2297 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:
Robert M. Rhyne
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5426,
Washington, DC 20224
Phone:202 317-6848
Fax:855 561-0923
Email: robert.m.rhyne@irscounsel.treas.gov