Correction to IRS T.D.: Domestic Controlled Investment Entities Guidance (IRC §897)

The IRS published a correction to the final regulations on the definition of domestically controlled investment entities. T.D. 9992 issued final regulations that address the determination of whether a qualified investment entity is domestically controlled, including the treatment of qualified foreign pension funds for this purpose, the IRS stated. The correction amends Prop. Reg. §1.897-1(c)(3)(vi)(E) by removing the language “property interest, or” and adding the language “property interest or” in its place. [Correction to T.D. 9992, 89 Fed. Reg. 105,450 (Dec. 27, 2024)]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.