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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 26 - Internal Revenue |
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Chapter I - Internal Revenue Service, Department of the Treasury |
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SubChapter A - Income Tax |
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Part 1 - Income Taxes |
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Special Rules for Determining Capital Gains and Losses |
§ 1.1298-3T - Deemed sale or deemed dividend election by a U.S. person that is a shareholder of a former PFIC (temporary).
Latest version.
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(a) through (d) [Reserved] For further guidance, see § 1.1298-0, the entries for § 1.1298-3T(a) through (d).
(e) Late purging elections requiring special consent.
(1) In general.
(2) Prejudice to the interests of the U.S. government.
(3) Procedural requirement.
(4) Time and manner of making late election.
(f) Effective date.