2018-11690. Income Taxes  

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    CFR Correction

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    In Title 26 of the Code of Federal Regulations, Part 1 (§§ 1.140 to 1.169), revised as of April 1, 2018, on page 88, in § 1.148-1, paragraph (e)(3) is reinstated to read as follows:

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    Definitions and elections.
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    (e) * * *

    (3) Certain hedges. Investment-type property also includes the investment element of a contract that is a hedge (within the meaning of § 1.148-4(h)(2)(i)(A)) and that contains a significant investment element because a payment by the issuer relates to a conditional or unconditional obligation by the hedge provider to make a payment on a later date. See § 1.148-4(h)(2)(ii) relating to hedges with a significant investment element.

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    [FR Doc. 2018-11690 Filed 5-29-18; 8:45 am]

    BILLING CODE 1301-00-D

Document Information

Published:
05/30/2018
Department:
Treasury Department
Agency:
Internal Revenue Service
EntryType:
Rule
Document Number:
2018-11690
Pages:
24661-24661 (1 pages)
SectionNoes:
1.148-1
PDF File:
2018-11690.pdf
CFR: (1)
26 CFR 1