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TREAS/IRS RIN: 1545-BL11 Publication ID: Spring 2019 
Title: Deferral of Section 987 Gain and Loss 
Abstract:

This guidance will be released in conjunction with final and temporary regulations under section 987 and discusses the recognition and deferral of certain section 987 gain or loss.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 26 CFR 1.987-1 (revised)    26 CFR 1.987-2 (new)    26 CFR 1.987-3 (revised)    26 CFR 1.987-4 (revised)    25 CFR 1.987-6 (revised)    26 CFR 1.987-7 (revised)    26 CFR-1.987-8 (revised)    26 CFR 1.987-12 (new)    26 CFR-1.987-13 (new)     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 0987    26 U.S.C. 0989(c)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/08/2016  81 FR 88882   
NPRM Comment Period End  03/08/2017 
Final Action  09/00/2019 
Additional Information: REG-128276-12 Drafting attorney: Anthony J. Marra (202) 317-6938 Reviewing attorney: Steven D. Jenson (202) 317-6938 Treasury attorney: Brian Jenn (202) 622-5967 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-AM12, Related to 1545-BL12 
Agency Contact:
Anthony J. Marra
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6938
Email: anthony.j.marra@irscounsel.treas.gov