2 Jul 2025
📉Withdrawal of Built-In Gain and Loss Regulations
Regulations Under Section 382(h) Related to Built-In Gain and Loss; Withdrawal
Summary
This document withdraws two notices of proposed rulemaking containing proposed regulations on the treatment of built-in items of income, gain, deduction, and loss taken into account by a loss corporation after an ownership change. The proposed regulations would have affected corporations that experience an ownership change under section 382(h) of the Internal Revenue Code (Code).
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The withdrawal of the proposed regulations on built-in gains and losses could affect loss corporations undergoing ownership changes. Businesses should prepare for potential impacts on tax reporting and compliance.