Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 26 - Internal Revenue |
Chapter I - Internal Revenue Service, Department of the Treasury |
SubChapter A - Income Tax |
Part 1 - Income Taxes |
Partners and Partnerships |
§ 1.706-2T - Temporary regulations; question and answer under the Tax Reform Act of 1984.
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§ 1.706-2T Temporary regulations; question and answer under the Tax Reform Act of 1984.
Question 1: For purposes of section 706(d), how is an otherwise deductible amount that is deferred under section 267(a)(2) treated?
Answer 1: In the year the deduction is allowed, the deduction will constitute an allocable cash basis item under section 706(d)(2)(B)(iv).
[T.D. 7991, 49 FR 47001, Nov. 30, 1984]