# Regulations Under Section 1258 of the Internal Revenue Code of 1986; Netting Rule for Certain Conversion Transactions
> **IRS** · Final regulations. · Published 1995-12-21 · Effective 1995-12-21 · 60 FR 66083
## Document
- **Document number:** 95-30900
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 60 FR 66083
- **CFR reference:** 26 CFR 1
- **Publication date:** 1995-12-21
- **Effective date:** 1995-12-21
- **Treasury docket:** TD 8649
## Abstract

This document contains final regulations relating to conversion transactions. These regulations provide that certain gains and losses from positions of the same conversion transaction may be netted for purposes of determining the amount of gain that is recharacterized as ordinary income. These regulations reflect changes to the law made by the Revenue Reconciliation Act of 1993 and affect persons who enter into conversion transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/12/21/95-30900/regulations-under-section-1258-of-the-internal-revenue-code-of-1986-netting-rule-for-certain)
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