26 CFR 7.465-3
§ 7.465-3 Allocation of loss for different taxable years.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 7.465-3, § 7.465-3 Allocation of loss for different taxable years, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/112476
- Permanent ID
ys:prov:112476@1- SHA-256
67a46591dedf69733ddc6f1cad9e3c23df1ac2a1f442ed37cc2ff91f2e61c416
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Full text
If the taxable year of the entity conducting the activity differs from that of the taxpayer, the loss attributable to the activity for the first taxable year of the entity ending after the beginning of the first taxable year of the taxpayer beginning after December 31, 1975, shall be allocated in the following manner. That portion of the loss from the activity for such taxable year of the entity which bears the same ratio as the number of days in such taxable year before January 1, 1976, divided by the total number of days in the taxable year, shall be attributable to taxable years of the taxpayer beginning before January 1, 1976. Consequently, that portion shall be treated in accordance with § 7.465-2.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.