§ 20.7520-4. Transitional rules.
55 words·~1 min read·
/us/cfr/t26/s§ 20.7520-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Reliance. If the valuation date is after April 30, 1989, and before June 10, 1994, an executor can rely on Notice 89-24, 1989-1 C.B. 660, or Notice 89-60, 1989-1 C.B. 700 (See § 601.601(d)(2)(ii)(b) of this chapter), in valuing the transferred interest.
(b)Effective date. This section is effective as of May 1, 1989.