Date: 2020-01-23
Links to Federal Register: HTML, PDF
(Proposed Regulation: [REG-127203-15 HTML, PDF)
Document Number: 2020-00383, RIN: 1545-BM95
Action: Final regulations and removal of temporary regulations.
Abstract: This document contains final regulations that provide guidance applicable to transfers of appreciated property by U.S. persons to partnerships with foreign partners related to the transferor. Specifically, when a U.S. person transfers appreciated property to a partnership with a foreign partner related to the transferor, the regulations override the general nonrecognition rule unless the partnership adopts the remedial allocation method and certain other requirements are satisfied. The regulations affect U.S. partners in domestic or foreign partnerships.
| Notable phrases | Frequency |
|---|---|
| u.s. transferor | 169 |
| section 721(c) partnership | 160 |
| section 721(c) property | 134 |
| gain deferral method | 83 |
| related person | 41 |
| built-in gain | 40 |
| adjusted tax basis | 28 |
| entity classification election | 26 |
| related foreign person | 26 |
| direct or indirect partner | 25 |
| reporting requirements | 20 |
| ceiling rule | 18 |
| form 8865 | 17 |
| failure to comply | 15 |
| controlled partnership | 11 |
| tiered partnerships | 9 |
| Reg. Cites | Frequency |
|---|---|
| 301.7701-3 | 26 |
| 1.721(c)-2(b) | 10 |
| 1.721(c)-6 | 9 |
| 1.721(c)-6T | 6 |
| 1.721(c)-1(b) | 6 |
| 1.721(c)-7 | 6 |
| 1.721(c)-3 | 6 |
| 1.721(c)-4 | 5 |
| 1.721(c)-2 | 5 |
| 1.721(c)-6(b)(2) | 5 |
| 1.721(c)-3(b)(3) | 5 |
| 1.721(c)-1 | 5 |
| 1.721(c)-5 | 5 |
| 1.721(c)-2(d)(1) | 4 |
| 1.721(c)-6(b) | 4 |
| 1.721(c)-1(b)(15) | 4 |
| 1.721(c)-1(b)(14) | 4 |
| 1.1502-1(h) | 4 |
| 1.721(c)-5(e) | 4 |
| 1.721(c)-6(b)(3) | 4 |
| Sec. Cites | Frequency |
|---|---|
| 721(c) | 318 |
| 197(f)(9) | 19 |
| 708(b)(1)(b) | 10 |
| 6031 | 10 |
| 267(c)(3) | 8 |
| 704(c) | 7 |
| 267(b) | 7 |
| 721(a) | 7 |
| 367 | 7 |
| 475(c)(2) | 5 |
| 267(c)(1) | 5 |
| 367(d) | 4 |
| 351 | 4 |
| 6038b | 3 |
| 734 | 3 |
| 6038 | 3 |
| 267(b)(2) | 3 |
| 706(d) | 2 |
| 871 | 2 |
Statistics
Number of pages: 20, words: 21,104, sentences: 874
Average words per sentence: 24