94-8771. Limitation on Passive Activity Losses and CreditsTechnical Amendments to Regulations; Correction

[Federal Register Volume 59, Number 71 (Wednesday, April 13, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8771]


[[Page Unknown]]

[Federal Register: April 13, 1994]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8417]
RIN 1545-AQ53

 

Limitation on Passive Activity Losses and Credits--Technical 
Amendments to Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction.

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SUMMARY: This document contains a correction to the correcting 
amendment published in the Federal Register for Thursday, August 26, 
1993 (58 FR 45059), relating to temporary regulations (TD 8417), 
published in the Federal Register for Friday, May 15, 1992 (57 FR 
20747). The temporary regulations related to the limitation on passive 
activity losses and credits.

EFFECTIVE DATE: May 15, 1992.

FOR FURTHER INFORMATION CONTACT: Donna J. Welch, [phone] (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The document that is the subject of this correction is the 
correcting amendment to TD 8417, which adopted as final regulations 
changes to the
regulations under section 469 of the Internal Revenue Code, as amended. 
The regulations also revised the temporary regulations to reflect where 
portions had been adopted as final.

Need for Correction

    As published, the correcting amendment for TD 8417 contains an 
error which may prove to be misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

    Accordingly, 26 CFR part 1 is corrected as follows:

PART 1--INCOME TAXES

    On page 45059, column 3, instructional paragraph 2 is corrected to 
read as follows:
    ``Par. 2. Section 1.469-1T(e)(5) is amended by removing the 
reference ``Sec. 1.469-1(d)(2)(xii)'' and adding the reference 
``Sec. 1.469-2(d)(2)(xii)'' in its place.''
Dale D. Goode,
Federal Register Liaison Officer, Assistant Chief Counsel (Corporate).
[FR Doc. 94-8771 Filed 4-12-94; 8:45 am]
BILLING CODE 4830-01-U