[Federal Register Volume 83, Number 104 (Wednesday, May 30, 2018)]
[Rules and Regulations]
[Page 24661]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-11690]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1


Income Taxes

CFR Correction

0
In Title 26 of the Code of Federal Regulations, Part 1 (Sec. Sec.  
1.140 to 1.169), revised as of April 1, 2018, on page 88, in Sec.  
1.148-1, paragraph (e)(3) is reinstated to read as follows:


Sec.  1.148-1  Definitions and elections.

* * * * *
    (e) * * *
    (3) Certain hedges. Investment-type property also includes the 
investment element of a contract that is a hedge (within the meaning of 
Sec.  1.148-4(h)(2)(i)(A)) and that contains a significant investment 
element because a payment by the issuer relates to a conditional or 
unconditional obligation by the hedge provider to make a payment on a 
later date. See Sec.  1.148-4(h)(2)(ii) relating to hedges with a 
significant investment element.
* * * * *
[FR Doc. 2018-11690 Filed 5-29-18; 8:45 am]
BILLING CODE 1301-00-D