Treatment of Shareholders of Certain Passive Foreign Investment Companies; Correction
other · Treasury · Rule · Published 1997-02-18 · Effective 1996-12-27 · 62 FR 7155
Document
Document number
97-3950
Federal Register citation
62 FR 7155
CFR reference
26 CFR 1
Type
Rule
Action
Correction to final regulations.
Category
other
Sub-agency
Treasury
Publication date
1997-02-18
Effective date
1996-12-27
Treasury docket
TD 8701
Abstract
This document contains a correction to final regulations (TD 8701) which were published in the Federal Register on Friday, December 27, 1996 (61 FR 68149). The final regulations provide rules for making a deemed sale or deemed dividend election to purge a shareholder's holding period of stock of a PFIC of those taxable years during which the PFIC was not a QEF.