IRS T.D.: Corrections to Partnership Disguised Sale Regulations (IRC §707)

Corrections to T.D. 9787, which provided guidance on disguised sales of property to or by partnerships and allocations of liabilities for purposes of disguised sale rules. The second sentence of Treasury Regulations Section 1.707-9(a)(1) is clarified regarding transfers occurring before October 5, 2016. [T.D. 9787, 83 Fed. Reg. __ (Oct. 5, 2018)]

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