Final regulations and removal of temporary regulations.
Category
tax-irs
Sub-agency
IRS
Publication date
2001-12-28
Effective date
2002-01-08
Treasury docket
TD 8973
Abstract
This document contains final Tax Regulations which remove temporary regulations relating to the allocation of loss recognized on the disposition of stock and other personal property. The loss allocation regulations primarily will affect taxpayers that claim the foreign tax credit and that incur losses with respect to personal property and are necessary to modify existing guidance with respect to loss allocation.