2013-07100. Unified Rule for Loss on Subsidiary Stock

CFR Correction

In Title 26 of the Code of Federal Regulations, Part 1 (§§ 1.1401 to 1.1550), revised as of April 1, 2012, on page 505, in § 1.1502-36, at the end of paragraph (d)(8) Example 6 (ii)(D)(3), reinstate the following sentence:

§ 1.1502-36

Unified loss rule.

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(d) * * *

(8) * * *

Example 6. * * *

(ii) * * *

(D) * * *

(3) * * * Under the general rules of this paragraph (d), S1's $60 tier-down attribute reduction amount is allocated and applied to reduce S1's basis in its asset from $500 to $440.

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