The IRS has issued a notice of proposed rulemaking on the removal of final regulations, regarding identifying certain partnership related-party basis adjustment transactions. The proposed regulations would remove the regulations that identify certain partnership related-party basis adjustment transactions, and substantially similar transactions, as transactions of interest, a type of reportable transaction. [REG-108921-25, RIN 1545-BR57, 91 FR 11003, 26 CFR Part 1 (March 6, 2026)]
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