# Safe Harbor for Valuation Under Section 475.
> **IRS** · Final regulations. · Published 2007-06-12 · Effective 2007-06-12 · 72 FR 32172
## Document
- **Document number:** E7-11146
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 72 FR 32172
- **CFR reference:** 26 CFR 1
- **Publication date:** 2007-06-12
- **Effective date:** 2007-06-12
- **Treasury docket:** TD 9328
## Abstract

This document sets forth an elective safe harbor that permits dealers in securities and dealers in commodities to elect to use the values of positions reported on certain financial statements as the fair market values of those positions for purposes of section 475 of the Internal Revenue Code (Code). This safe harbor is intended to reduce the compliance burden on taxpayers and to improve the administrability of the valuation requirement of section 475 for the IRS.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/06/12/E7-11146/safe-harbor-for-valuation-under-section-475)
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