# Treatment of Excess Loss Accounts
> **IRS** · Final regulations and removal of temporary regulations. · Published 2007-07-18 · Effective 2007-07-18 · 72 FR 39313
## Document
- **Document number:** E7-13839
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 72 FR 39313
- **CFR reference:** 26 CFR 1
- **Publication date:** 2007-07-18
- **Effective date:** 2007-07-18
- **Treasury docket:** TD 9341
## Abstract

This document contains final regulations under section 1502. Section 1.1502-19(d) governs basis determinations and adjustments of subsidiary stock in certain transactions involving members of a consolidated group. Section 1.1502-80(c) governs the determination of when subsidiary stock is treated as worthless under section 165. These final regulations affect affiliated groups of corporations filing consolidated returns.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/07/18/E7-13839/treatment-of-excess-loss-accounts)
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