1.954-6 Foreign base company shipping income.

1.954-7 Increase in qualified investments in foreign base company shipping op

erations.

1.955-0 Effective dates.

1.955-1 Shareholder's pro rata share of amount of previously excluded subpart F income withdrawn from investment in less developed countries.

1.955-2 Amount of a controlled foreign corporation's qualified investments in less developed countries.

1.955-3 Election as to date of determining qualified investments in less developed countries.

1.955-4 Definition of less developed country.

1.955-5 Definition of less developed country corporation.

1.955-6 Gross income from sources within less developed countries.

1.955A-1 Shareholder's pro rata share of amount of previously excluded subpart F income withdrawn from investment in foreign base company shipping operations.

1.955A-2 Amount of a controlled foreign corporation's qualified investments in foreign base company shipping operations.

1.955A-3 Election as to qualified investments by related persons.

1.955A-4 Election as to date of determining qualified investment in foreign ! base company shipping operations.

1.956-1 Shareholder's pro rata share of a controlled foreign corporation's increase in earnings invested in United States property.

1.956-2 Definition of United States property.

1.957-1 Definition of controlled foreign corporation.

1.957-2 Controlled foreign corporation deriving income from insurance of United States risks.

1.957-3 Corporations organized in United States possessions.

1.957-4 United States person defined.

1.958-1 Direct and indirect ownership of stock.

1.959-1 Exclusion from gross income of United States persons of previously taxed earning and profits.

1.959-2 Exclusion from gross income of controlled foreign corporations of previously taxed earnings and profits.

1.959-3 Allocation of distributions to earnings and profits of foreign corporations.

1.959-4 Distributions to United States persons not counting as dividends.

1.960-1 Foreign tax credit with respect to taxes paid on earnings and profits of controlled foreign corporations.

1.960-2 Interrelation of section 902 and section 960 when dividends are paid by third-, second-, or first-tier corporation.

1.960-3 Gross-up of amounts included in income under section 951.

1.960-4 Additional foreign tax credit in year of receipt of previously taxed earnings and profits.

1.960-5 Credit for taxable year of inclusion binding for taxable year of exclusion.

1.960-6 Overpayments resulting from increase in limitation for taxable year of

exclusion.

1.960-7 Effective dates.

1.961-1 Increase in basis of stock in controlled foreign corporations and of other property.

1.961-2 Reduction in basis of stock in foreign corporations and of other property.

1.962-1 Limitation of tax for individuals on amounts included in gross income under section 951(a).

1.962-2 Election of limitation of tax for individuals.

1.963-0 Repeal of section 963; effective dates.

1.963-1 Exclusion of subpart F income upon receipt of minimum distribution. 1.963-2 Determination of the amount of the minimum distribution. 1.963-3 Distributions counting toward a minimum distribution. 1.963-4 Limitations on minimum distribution from a chain or group.

1.963-5 Foreign corporations with variation in foreign tax rate because of distributions.

1.963-6 Deficiency distribution.

1.963-7 Transitional rules for certain taxable years.

1.963-8 Determination of minimum distribution during the surcharge period. 1.964-1 Determination of the earnings and profits of a foreign corporation. 1.964-2 Treatment of blocked earnings and profits.

1.964-3 Records to be provided by United States shareholders.

1.964-4 Verification of certain classes of income.

1.964-5 Effective date of subpart F.

EXPORT TRADE CORPORATIONS

1.970-1 Export trade corporations.

1.970-2 Elections as to date of determining investments in export trade assets. 1.970-3 Effective date of subpart G.

1.971-1 Definitions with respect to export trade corporations.

1.972-1 Consolidation of group of export trade corporations.

1.981-0 Repeal of section 981; effective dates.

1.981-1 Foreign law community income for taxable years beginning after December 31, 1966, and before January 1, 1977.

1.981-2 Foreign law community income for taxable years beginning before January 1, 1967.

1.981-3 Definitions and other special rules.

DOMESTIC INTERNATIONAL SALES CORPORATIONS

1.991-1 Taxation of a domestic international sales corporation.

1.992-1 Requirements of a DISC.

1.992-2 Election to be treated as a DISC.

1.992-3 Deficiency distributions to meet qualification requirements.

1.992-4 Coordination with personal holding company provisions in case of certain produced film rents.

1.993-1 Definition of qualified export receipts.

1.993-2 Definition of qualified export assets.

1.993-3 Definition of export property.

1.993-4 Definition of producer's loans.

1.993-5 Definition of related foreign export corporation.

1.993-6 Definition of gross receipts.

1.993-7 Definition of United States.

1.994-1 Inter-company pricing rules for DISC's.

1.994-2 Marginal costing rules.

1.995-2 Deemed distributions in qualified years. 1.995-3 Distributions upon disqualification.

1.995-4 Gain on disposition of stock in a DISC.

1.995-5 Foreign investment attributable to producer's loans.

1.995-6 Taxable income attributable to military property.

1.995-7 Taxable income attributable to base period export gross receipts. 1.996-1 Rules for actual distributions and certain deemed distributions. 1.996-2

Ordering rules for losses.

1.996-3 Divisions of earnings and profits.

1.996-4 Subsequent effect of previous disposition of DISC stock.

1.996-5 Adjustment to basis.

1.996-6 Effectively connected income.

1.996-7 Carryover of DISC tax attributes.

1.996-8 Effect of carryback of capital loss or net operating loss to prior DISC taxable year.

1.997-1 Special rules for subchapter C of the Code.

GAIN OR LOSS ON DISPOSITION OF PROPERTY

DETERMINATION OF AMOUNT OF AND RECOGNITION OF GAIN OR LOSS

1.1001-1 Computation of gain or loss.

1.1001-2 Discharge of liabilities.

1.1002-1 Sales or exchanges.

BASIS RULES OF GENERAL APPLICATION

1.1011-1 Adjusted basis.

1.1011-2 Bargain sale to a charitable organization. 1.1012-1 Basis of property.

1.1012-2 Transfers in part a sale and in part a gift.

1.1013 Statutory provisions; basis of property included in inventory.

1.1013-1 Property included in inventory.

1.1014-1 Basis of property acquired from a decedent.

1.1014-2 Property acquired from a decedent.

1.1014-3 Other basis rules.

1.1014-4 Uniformity of basis; adjustment to basis.

1.1014-5 Gain or loss.

1.1014-6 Special rule for adjustments to basis where property is acquired from a decedent prior to his death.

1.1014-7 Example applying rules of §§ 1.1014-4 through 1.1014-6 to case involving multiple interests.

1.1014-8 Bequest, devise, or inheritance of a remainder interest.

1.1014-9 Special rule with respect to DISC stock.

1.1015-1 Basis of property acquired by gift after December 31, 1920.

1.1015-2 Transfer of property in trust after December 31, 1920.

1.1015-3 Gift or transfer in trust before January 1, 1921.

1.1015-4 Transfers in part a gift and in part a sale.

1.1015-5 Increased basis for gift tax paid.

1.1016-1 Adjustments to basis; scope of section.

1.1016-2 Items properly chargeable to capital account.

1.1016-3 Exhaustion, wear and tear, obsolescence, amortization, and depletion for periods since February 28, 1913.

1.1016-4 Exhaustion, wear and tear, obsolescence, amortization, and depletion; periods during which income was not subject to tax.

1.1016-5 Miscellaneous adjustments to basis.

1.1016-6 Other applicable rules.

1.1016-7 Adjusted basis; cancellation of indebtedness under Bankruptcy Act. 1.1016-8 Adjusted basis; cancellation of indebtedness; special cases.

1.1016-9 Adjusted basis; mutual savings banks, building and loan associations, and cooperative banks.

1.1016-10 Substituted basis.

1.1017-1 Adjusted basis; discharge of indebtedness; general rule.

1.1017-2 Adjusted basis; discharge of indebtedness; special cases.

1.1018-1 Adjusted basis; exception to section 270 of the Bankruptcy Act, as

amended.

1.1019-1 Property on which lessee has made improvements.

1.1020-1 Election as to amounts allowed in respect of depreciation, etc., before 1952.

1.1021-1 Sale of annuities.

COMMON NONTAXABLE EXCHANGES

1.1031(a)-1 Property held for productive use in trade or business or for investment.

1.1031(b)-1 Receipt of other property or money in tax-free exchange.

1.1031(c)-1 Nonrecognition of loss.

1.1031(d)-1 Property acquired upon a tax-free exchange.

1.1031(d)-2 Treatment of assumption of liabilities.

1.1031(e)-1 Exchange of livestock of different sexes.

1.1032-1 Disposition by a corporation of its own capital stock.

1.1033(a)-1 Involuntary conversions; nonrecognition of gain.

1.1033(a)-2 Involuntary conversion into similar property, into money or into dissimilar property.

1.1033(a)-3 Involuntary conversion of principal residence.

1.1033(b)-1 Basis of property acquired as a result of an involuntary conversion. 1.1033(c)-1 Disposition of excess property within irrigation project deemed to be involuntary conversion.

1.1033(d)-1 Destruction or disposition of livestock because of disease.

1.1033(e)-1 Sale or exchange of livestock solely on account of drought. 1.1033(g)-1 Condemnation of real property held for productive use in trade or business or for investment.

1.1033(h)-1 Effective date.

1.1034-1 Sale or exchange of residence.

1.1035-1 Certain exchanges of insurance policies.

1.1036-1 Stock for stock of the same corporation.

1.1037-1 Certain exchanges of United States obligations.

1.1038-1 Reacquisitions of real property in satisfaction of indebtedness.

1.1038-2 Reacquisition and resale of property used as a principal residence.

1.1038-3 Election to have section 1038 apply for taxable years beginning after December 31, 1957.

1.1039-1 Certain sales of low-income housing projects.

1.1041-1T Treatment of transfer of property between spouses or incident to divorce (temporary).

SPECIAL RULES

1.1051-1 Basis of property acquired during affiliation.

1.1052-1 Basis of property established by Revenue Act of 1932.

1.1052-2 Basis of property established by Revenue Act of 1934.

1.1052-3 Basis of property established by the Internal Revenue Code of 1939. 1.1053-1 Property acquired before March 1, 1913.

1.1054-1 Certain stock of Federal National Mortgage Association.

1.1055-1 General rule with respect to redeemable ground rents.

1.1055-2 Determination of amount realized on the transfer of the right to hold real property subject to liabilities under a redeemable ground rent.

1.1055-3 Basis of real property held subject to liabilities under a redeemable ground rent.

1.1055-4 Basis of redeemable ground rent reserved or created in connection with transfers of real property before April 11, 1963.

CHANGES TO EFFECTUATE F.C.C. POLICY

1.1071-1 Gain from sale or exchange to effectuate policies of Federal Communications Commission.

1.1071-2 Nature and effect of election.

1.1071-3 Reduction of basis of property pursuant to election under section

1071.

1.1071-4 Manner of election.

EXCHANGES IN OBEDIENCE TO S.E.C. ORDERS

1.1081-1 Terms used.

1.1081-2 Purpose and scope of exception.

1.1081-3 Exchanges of stock or securities solely for stock or securities. 1.1081-4 Exchanges of property for property by corporations.

1.1081-5 Distribution solely of stock or securities.

1.1081-6 Transfers within system group.

1.1081-7 Sale of stock or securities received upon exchange by members of system group.

1.1081-8 Exchanges in which money or other nonexempt property is received. 1.1081-9 Requirements with respect to order of Securities and Exchange Commission.

1.1081-10 Nonapplication of other provisions of the Internal Revenue Code of 1954.

1.1081-11 Records to be kept and information to be filed with returns. 1.1082-1 Basis for determining gain or loss.

1.1082-2 Basis of property acquired upon exchanges under section 1081 (a) or (e).

1.1082-3 Reduction of basis of property by reason of gain not recognized under section 1081(b).

1.1082-4 Basis of property acquired by corporation under section 1081(a), 1081(b), or 1081(e) as contribution of capital or suplus, or in consideration for its own stock or securities.

1.1082-5 Basis of property acquired by shareholder upon tax-free distribution under section 1081(c) (1) or (2).

1.1082-6 Basis of property acquired under section 1081(d) in transactions between corporations of the same system group.

1.1083-1 Definitions.

WASH SALES of Stock OR SECURITIES

1.1091-1 Losses from wash sales of stock or securities.

1.1091-2 Basis of stock or securities acquired in "wash sales".

1.1092(b)-1T Coordination of loss deferral rules and wash sale rules (temporary).

1.1092(b)-2T Treatment of holding periods and losses with respect to straddle positions (temporary).

1.1092(b)-3T Mixed straddles; straddle-by-straddle identification under section 1092(b)(2)(A)(i)(I) (temporary).

1.1092(b)-4T Mixed straddles; mixed straddle account.

1.1092(b)-5T Definitions (temporary)..

DISTRIBUTIONS PURSUANT TO BANK HOLDING COMPANY ACT OF 1956

1.1101-1 In general.

1.1101-2 Certification by Board.

1.1101-3 Tax avoidance.

1.1101-4 Records to be kept and information to be filed with returns.

1.1102-1 Basis of property acquired in distributions by qualified bank holding corporations.

1.1102-2 Filing of notification under section 1102(b) by qualified bank holding corporations.

1.1102-3 Allocation of earnings and profits in certain distributions by qualified bank holding corporations.

AUTHORITY: Sec. 7805, 68A Stat. 917; 26 U.S.C. 7805, unless otherwise noted.

SOURCE: Treasury Decision 6500, 25 FR 11910, Nov. 26, 1960; 25 FR 14021, Dec. 31, 1960, unless otherwise noted.