[Federal Register Volume 87, Number 60 (Tuesday, March 29, 2022)]
[Rules and Regulations]
[Page 17950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06670]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1


Income Taxes

CFR Correction

    This rule is being published by the Office of the Federal Register 
to correct an editorial or technical error that appeared in the most 
recent annual revision of the Code of Federal Regulations.

0
In Title 26 of the Code of Federal Regulations, Part 1 (Sec. Sec.  
1.301 to 1.400), revised as of April 1, 2021, in Sec.  1.362-4, revise 
paragraph (j) to read as follows:


Sec.  1.362-4   Basis of loss duplication property.

* * * * *
    (j) Effective/applicability date. This section applies to 
transactions occurring after September 3, 2013, unless effected 
pursuant to a binding agreement that was in effect prior to September 
3, 2013, and at all times thereafter. In addition, taxpayers may apply 
these regulations to transactions occurring after October 22, 2004. The 
introductory text and Example 11 of paragraph (h) of this section apply 
with respect to transactions occurring on or after March 28, 2016, and 
also with respect to transactions occurring before such date as a 
result of an entity classification election under Sec.  301.7701-3 of 
this chapter filed on or after March 28, 2016, unless such transaction 
is pursuant to a binding agreement that was in effect prior to March 
28, 2016 and at all times thereafter. In addition, taxpayers may apply 
such provisions to any transaction occurring after October 22, 2004.

[FR Doc. 2022-06670 Filed 3-28-22; 8:45 am]
BILLING CODE 0099-10-D