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TREAS/IRS RIN: 1545-BH47 Publication ID: Spring 2024 
Title: Exchange of Property for an Annuity 
Abstract:

This regulation proposes application of the installment sale rules to the exchange of property for a private annuity contract. This project would address the inappropriate avoidance or deferral of gain on the exchange of highly appreciated property for the issuance of an annuity contract, for example, when a taxpayer transfers highly appreciated property to a related party in return for an annuity and the related party sells the property to an unrelated party and does not pay tax on the sale.

 
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. 453   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2024 
Additional Information: REG-140454-07 (NPRM) Drafter attorney: Edward C. Schwartz (202) 317-4740 Reviewer attorney: Amy J. Pfalzgraf (202) 317-4716 Treasury attorney: N/A 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:
Edward C. Schwartz
General Attorney (Tax)
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4236,
Washington, DC 20224
Phone:202 317-4740
Fax:855 576-2339
Email: edward.c.schwartz@irscounsel.treas.gov