26 C.F.R. § 1.706-2T. - § 1.706-2t Temporary Regulations; Question and Answer Under the Tax Reform Act of 1984.

Current as of January 1, 1970

Section 1.706-2T - § 1.706-2t Temporary Regulations; Question and Answer Under the Tax Reform Act of 1984.Section 1.706-2T - § 1.706-2t Temporary Regulations; Question and Answer Under the Tax Reform Act of 1984.

Section 1.706-2 - § 1.706-2 Certain Allocable Cash to as Is Items. [reserved]Section 1.706-3 - § 1.706-3 Items Attributable to Interest in Lower-tier Partnership.

§ 1.706-2T Temporary regulations; question and answer under the Tax Reform Act of 1984.

Question 1: For purposes of section 706(d), how is an otherwise deductible amount that is deferred under section 267(a)(2) treated?

Answer 1: In the year the deduction is allowed, the deduction will constitute an allocable cash basis item under section 706(d)(2)(B)(iv).

(Secs. 267(f)(2)(B), 706(d)(2)(B)(iv), 1502, and 7805, Internal Revenue Code of 1954 (98 Stat. 704, 26 U.S.C. 267; 98 Stat. 589, 26 U.S.C. 706; 68A Stat. 367, 26 U.S.C. 1502; 68A Stat. 917, 26 U.S.C. 7805)) [T.D. 7991, 49 FR 47001, Nov. 30, 1984]

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