§ 1.1502-32T - Investment adjustments (temporary).

(a) through (b)(3)(iii)(C) [Reserved]. For further guidance, see § 1.1502-32(a) through (b)(3)(iii)(C).

(D) Loss disallowed under § 1.1502-35T(g)(3)(ii). Any loss or deduction the use of which is disallowed pursuant to § 1.1502-35T(g)(3)(ii) (other than duplicating items that are carried back to a consolidated return year of the group), and with respect to which no waiver described in paragraph (b)(4) of this section is filed, is treated as a noncapital, nondeductible expense incurred during the taxable year that such loss would otherwise be absorbed.

(b)(3)(iv) through (b)(4)(iii) [Reserved]. For further guidance, see § 1.1502-32(b)(3)(iv) through (b)(4)(iii).

(iv) [Reserved]

(b)(4)(v) through (h) [Reserved]. For further guidance, see § 1.1502-32(b)(4)(v) through (h).

(i)-(j) [Reserved]

(k) Effective date—(1) Applicability date. Paragraph (b)(3)(iii)(D) of this section applies to any original consolidated Federal income tax return due (without extensions) after April 10, 2007.

(2) Expiration date. The applicability of paragraphs (b)(3)(iii)(D) and (k) of this section will expire on April 9, 2010.