26 CFR 7.465-4
§ 7.465-4 Insufficient records.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 7.465-4, § 7.465-4 Insufficient records, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/112477
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Full text
If sufficient records do not exist to accurately determine under § 7.465-2 the amount which a taxpayer is at risk on the effective date, the amount at risk shall be the taxpayer's basis in the activity reduced (but not below zero) by the taxpayer's share of amounts described in section 465(b) (3) or (4) with respect to the activity on the day before the effective date.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.