[Federal Register Volume 89, Number 142 (Wednesday, July 24, 2024)]
[Proposed Rules]
[Pages 59864-59865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15719]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-124593-23]
RIN 1545-BR07


Certain Partnership Related-Party Basis Adjustment Transactions 
as Transactions of Interest; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; correction.

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SUMMARY: This document corrects a notice of proposed rulemaking (REG-
124593-23) published in the Federal Register on June 18, 2024, 
containing proposed regulations that would identify certain partnership 
related party basis adjustment transactions and substantially similar 
transactions as transactions of interest, a type of reportable 
transaction.

DATES: Written or electronic comments are still being accepted and must 
be received by August 19, 2024.

ADDRESSES: Commenters were strongly encouraged to submit public 
comments electronically via the Federal eRulemaking Portal at https://www.regulations.gov (indicate IRS and REG-124593-23) by following the 
online instructions for submitting comments. Requests for a public 
hearing must be submitted as prescribed in the ``Comments and Requests 
for a Public Hearing'' section of the notice of proposed rulemaking 
published on June 18, 2024 (89 FR 51476). Once submitted to the Federal 
eRulemaking Portal, comments cannot be edited or withdrawn. The 
Department of the Treasury (Treasury Department) and the IRS will 
publish for public availability any comments submitted to the IRS's 
public docket. Send paper submissions to: CC:PA:01:PR (REG-124593-23), 
Room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin 
Station, Washington, DC 20044.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Elizabeth Zanet of the Office of Associate Chief Counsel (Passthroughs 
and Special Industries), (202) 317-6007 (not a toll-free number); 
concerning submissions of comments or the public hearing, the 
Publications and Regulations Section, (202) 317-6901

[[Page 59865]]

(not toll-free number) or by email to [email protected] 
(preferred).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-124593-23) that is the 
subject of these corrections is under section 6011 of the Code.

Correction of Publication

    In proposed rule FR Doc. 2024-13282, beginning on page 51476 in the 
issue of June 18, 2024, make the following corrections:
    1. On page 51477, in the first column, under the heading FOR 
FURTHER INFORMATION CONTACT the sixth line of the paragraph is 
corrected to read ``or the hearing, the Publications and Regulations 
Section, (202) 317-''.
    2. On page 51479 in the first column, the first line of the column 
is corrected to read ``provided under section 732(a)(2), section 
732(a)(1)''.
    3. On page 51483, in the third column, in the twelfth line of the 
second full paragraph the language ``reduces'' is corrected to read 
``reduce''.
    4. On page 51488, in the first column, in the second full 
paragraph, the second line from the bottom of the paragraph is 
corrected to read ``free number) by September 12,''.

Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief 
Counsel, (Procedure and Administration).
[FR Doc. 2024-15719 Filed 7-23-24; 8:45 am]
BILLING CODE 4830-01-P