[Federal Register Volume 67, Number 19 (Tuesday, January 29, 2002)]
[Rules and Regulations]
[Page 4177]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-2154]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 8975]
RIN 1545-BA21


Certain Transfers of Property to Regulated Investment Companies 
[RICs] and Real Estate Investment Trusts [REITs]; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains corrections to temporary regulations 
that were published in the Federal Register on Wednesday, January 2, 
2002 (67 FR 8) relating to certain transactions or events that result 
in a Regulated Investment Company [RIC] or a Real Estate Investment 
Trust [REIT] owning property that has a basis determined by reference 
to a C corporation's basis in the property under sections 631 and 633.

DATES: This correction is effective January 2, 2002.

FOR FURTHER INFORMATION CONTACT: Lisa A. Fuller, (202) 622-7750 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of these corrections 
is under sections 631 and 633 of the Internal Revenue Code.

Need for Correction

    As published, the TD 8975 contain errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of TD 8975, that were the subject of 
FR Doc. 01-31969, is corrected as follows:
    1. On page 10, column 1, in the preamble under the paragraph 
heading ``Section 1374 Operational Rules'', first paragraph, line 8, 
the language ``The comments pointed out certain'' is corrected to read 
``The commentators pointed out certain''.

LaNita Van Dyke,
Acting, Chief, Regulations Unit, Associate Chief Counsel (Income Tax 
and Accounting).
[FR Doc. 02-2154 Filed 1-28-02; 8:45 am]
BILLING CODE 4830-01-P