26 C.F.R. § 1.818-7. - § 1.818-7 Denial of Double Deductions.

Current as of January 1, 1970

Section 1.818-7 - § 1.818-7 Denial of Double Deductions.Section 1.818-7 - § 1.818-7 Denial of Double Deductions.

Section 1.818-6 - § 1.818-6 Transitional Rule for Change in Method of Accounting.Section 1.818-8 - § 1.818-8 Special Rules Relating to Consolidated Returns and Certain Capital Losses.

§ 1.818-7 Denial of double deductions.

Section 818(f) provides that the same item may not be deducted more than once under subpart B, part I, subchapter L, chapter 1 of the Code (relating to the determination of taxable investment income), and more than once under subpart C, part I, subchapter L, chapter 1 of the Code (relating to the determination of gain or loss from operations).

[T.D. 6558, 26 FR 2790, Apr. 4, 1961]

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