94-15416. Like-Kind Exchanges of Property-Coordination With Section 453; Correction

[Federal Register Volume 59, Number 123 (Tuesday, June 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-15416]


[Federal Register: June 28, 1994]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[T.D. 8535]
RIN 1545-AQ48


Like-Kind Exchanges of Property-Coordination With Section 453; 
Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to Treasury Decision 8535, 
which was published in the Federal Register for Wednesday, April 20, 
1994 (59 FR 18747). The final income tax regulations relate to the 
coordination of deferred like-kind exchanges described in section 
1031(a)(3) with the installment sale rules of section 453.

EFFECTIVE DATE: April 20, 1994.

FOR FURTHER INFORMATION CONTACT: Christopher F. Kane, [phone] 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction 
provide income tax regulations under section 1031(a)(3) of the Internal 
Revenue Code.

Need for Correction

    As published, T.D. 8535 contains an error which may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulation (T.D. 8535), 
which was the subject of FR Doc. 94-9557, is corrected as follows:


Sec. 1.1031(b)-(2)  [Corrected]

    On page 18749, column 2, Sec. 1.1031(b)-(2), the section heading 
``Sec. 1.1031(b)-(2) Safe harbor for qualified Intermediaries.'' is 
corrected to read ``Sec. 1.1031(b)-2 Safe harbor for qualified 
Intermediaries.''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 94-15416 Filed 6-27-94; 8:45 am]
BILLING CODE 4830-01-P