Proposed Rule2024-15719
Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest; Correction
Primary source
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Published
July 24, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document corrects a notice of proposed rulemaking (REG- 124593-23) published in the Federal Register on June 18, 2024, containing proposed regulations that would identify certain partnership related party basis adjustment transactions and substantially similar transactions as transactions of interest, a type of reportable transaction.
Full Text
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<title>Federal Register, Volume 89 Issue 142 (Wednesday, July 24, 2024)</title>
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[Federal Register Volume 89, Number 142 (Wednesday, July 24, 2024)]
[Proposed Rules]
[Pages 59864-59865]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15719]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-124593-23]
RIN 1545-BR07
Certain Partnership Related-Party Basis Adjustment Transactions
as Transactions of Interest; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking; correction.
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SUMMARY: This document corrects a notice of proposed rulemaking (REG-
124593-23) published in the Federal Register on June 18, 2024,
containing proposed regulations that would identify certain partnership
related party basis adjustment transactions and substantially similar
transactions as transactions of interest, a type of reportable
transaction.
DATES: Written or electronic comments are still being accepted and must
be received by August 19, 2024.
ADDRESSES: Commenters were strongly encouraged to submit public
comments electronically via the Federal eRulemaking Portal at <a href="https://www.regulations.gov">https://www.regulations.gov</a> (indicate IRS and REG-124593-23) by following the
online instructions for submitting comments. Requests for a public
hearing must be submitted as prescribed in the ``Comments and Requests
for a Public Hearing'' section of the notice of proposed rulemaking
published on June 18, 2024 (89 FR 51476). Once submitted to the Federal
eRulemaking Portal, comments cannot be edited or withdrawn. The
Department of the Treasury (Treasury Department) and the IRS will
publish for public availability any comments submitted to the IRS's
public docket. Send paper submissions to: CC:PA:01:PR (REG-124593-23),
Room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin
Station, Washington, DC 20044.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Elizabeth Zanet of the Office of Associate Chief Counsel (Passthroughs
and Special Industries), (202) 317-6007 (not a toll-free number);
concerning submissions of comments or the public hearing, the
Publications and Regulations Section, (202) 317-6901
[[Page 59865]]
(not toll-free number) or by email to <a href="/cdn-cgi/l/email-protection#275752454b4e444f4246554e494054674e555409404851"><span class="__cf_email__" data-cfemail="b1c1c4d3ddd8d2d9d4d0c3d8dfd6c2f1d8c3c29fd6dec7">[email protected]</span></a>
(preferred).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking (REG-124593-23) that is the
subject of these corrections is under section 6011 of the Code.
Correction of Publication
In proposed rule FR Doc. 2024-13282, beginning on page 51476 in the
issue of June 18, 2024, make the following corrections:
1. On page 51477, in the first column, under the heading FOR
FURTHER INFORMATION CONTACT the sixth line of the paragraph is
corrected to read ``or the hearing, the Publications and Regulations
Section, (202) 317-''.
2. On page 51479 in the first column, the first line of the column
is corrected to read ``provided under section 732(a)(2), section
732(a)(1)''.
3. On page 51483, in the third column, in the twelfth line of the
second full paragraph the language ``reduces'' is corrected to read
``reduce''.
4. On page 51488, in the first column, in the second full
paragraph, the second line from the bottom of the paragraph is
corrected to read ``free number) by September 12,''.
Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2024-15719 Filed 7-23-24; 8:45 am]
BILLING CODE 4830-01-P
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