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TREAS/IRS RIN: 1545-BO10 Publication ID: Spring 2023 
Title: Guidance to Address the Treatment and Reporting of Capitalized Interest on Modified Home Mortgages 
Abstract:

The proposed regulations will provide guidance on the tax treatment and reporting of capitalized interest on home mortgage loans that are modified by the homeowner and lender. For example, the proposed regulations will address when capitalized interest is deductible by the homeowner.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 1275    26 U.S.C. 6050H   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2023 
Additional Information: REG-132520-17 (NPRM) Drafter attorney: Tom Coony (202) 317-4321 Reviewer attorney: William E. Blanchard (202) 317-3900 Treasury attorney: Jarrett Jacinto (202) 997-5410 CC:FIP
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Thomas Coony
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 3547,
Washington, DC 20224
Phone:202 317-4321
Fax:855 574-9023
Email: thomas.e.coony@irscounsel.treas.gov