§ 1.706-2T. Temporary regulations; question and answer under the Tax Reform Act of 1984.
84 words·~1 min read·
/us/cfr/t26/s§ 1.706-2T·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Question 1: For purposes of section 706(d), how is an otherwise deductible amount that is deferred under section 267(a)(2) treated? Answer 1: In the year the deduction is allowed, the deduction will constitute an allocable cash basis item under section 706(d)(2)(B)(iv). (Secs. 267(f)(2)(B), 706(d)(2)(B)(iv), 1502, and 7805, Internal Revenue Code of 1954 (98 Stat. 704, 26 U.S.C. 267; 98 Stat. 589, 26 U.S.C. 706; 68A Stat. 367, 26 U.S.C. 1502; 68A Stat. 917, 26 U.S.C. 7805)) [T.D. 7991, 49 FR 47001, Nov. 30, 1984]
Connectionstraces to 4
3 references not yet in our index
- 98 Stat. 704
- 98 Stat. 589
- T.D. 7991
Citation graph
cites case law
§ 1.706-2T
Temporary regulations; question and answer under the Tax Reform Act of 1984.
Stat.98 Stat. 704
Stat.98 Stat. 589
Treas. Dec.T.D. 7991
Cites 7Cited by 0 across 0 sources