26 CFR 1.706-2T

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

United States · 26 CFR — Internal Revenue · Status: effective

Cite this

Citation: 26 CFR 1.706-2T, § 1.706-2T Temporary regulations; question and answer under the Tax Reform Act of 1984, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110790
Permanent ID: ys:prov:110790@1
SHA-256: 2d96d381524df370dfb9da6e5b0de8e8e47315f14dcb354fe5351edb7529ee3a

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Full text

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).

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.