# Certain Asset Transfers to a Tax-Exempt Entity
> **IRS** · Final regulations. · Published 1998-12-29 · 63 FR 71591
## Document
- **Document number:** 98-34210
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 63 FR 71591
- **CFR reference:** 26 CFR 1
- **Publication date:** 1998-12-29
- **Treasury docket:** TD 8802
## Abstract

This document contains final regulations that implement provisions of the Tax Reform Act of 1986 and the Technical and Miscellaneous Revenue Act of 1988. The final regulations generally affect a taxable corporation that transfers all or substantially all of its assets to a tax-exempt entity or converts from a taxable corporation to a tax-exempt entity in a transaction other than a liquidation, and generally require the taxable corporation to recognize gain or loss as if it had sold the assets transferred at fair market value.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/12/29/98-34210/certain-asset-transfers-to-a-tax-exempt-entity)
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