Treasury Regulations, Subchapter A, Sec. 1.1017-1T
From TaxAlmanac
Sec. 1.1017-1T Basis reductions following a discharge of indebtedness (temporary)
(a) through (b)(4) [Reserved] For further guidance, see §1.1017–1(a) through (b)(4).
(c) through (g)(2)(iii)(A) [Reserved]. For further guidance, see §1.1017–1(c) through (g)(2)(iii)(A).
(g)(2)(iii)(B) Taxpayer's requirement. For taxable years beginning before January 1, 2003, statements described in §1.1017–1(g)(2)(iii)(A) must be attached to a taxpayer's timely filed (including extensions) Federal income tax return for the taxable year in which the taxpayer has COD income that is excluded from gross income under section 108(a). For taxable years beginning after December 31, 2002, taxpayers must retain the statements and keep them available for inspection in the manner required by §1.6001–1(e), but are not required to attach the statements to their returns.
(g)(2)(iv) through (i) [Reserved]. For further guidance, see §1.1017–1(g)(2)(iv) through (i).
[T.D. 9080, 68 FR 42593, July 18, 2003, as amended by T.D. 9100, 68 FR 70706, Dec. 19, 2003; T.D. 9127, 69 FR 26039, May 11, 2004]
