other · IRS · Rule · Published 2014-11-12 · Effective 2014-11-12 · 79 FR 67059
Document
Document number
2014-26780
Federal Register citation
79 FR 67059
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2014-11-12
Effective date
2014-11-12
Treasury docket
TD 9702
Abstract
This document contains final regulations regarding the determination of the basis of stock or securities in certain reorganizations where no stock or securities of the issuing corporation is issued and distributed in the transaction. These final regulations clarify that only a shareholder that owns actual shares in the issuing corporation in such a reorganization can designate the actual share of stock of the issuing corporation to which the basis, if any, of the stock or securities surrendered will attach. These regulations affect corporations engaging in such transactions and their shareholders.