[Federal Register: September 10, 1999 (Volume 64, Number 175)]
[Corrections]               
[Page 49276]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10se99-181]                         

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106527-98]
RIN 1545-AW22

 
Capital Gains, Partnership, Subchapter S, and Trust Provisions

Correction

    In proposed rule document 99-20368, beginning on page 43117, in the 
issue of Monday, August 9, 1999, make the following corrections:


Sec. 1.1(h)-1  [Corrected]

    1. On page 43121, in the second column, in Sec. 1.1(h)-1(f), in 
Example 1, the table is corrected to read as follows:

------------------------------------------------------------------------
                                                           Assets
                                                   ---------------------
                                                     Adjusted    Market
                                                      basis      value
------------------------------------------------------------------------
Cash..............................................   $3,000     $3,000
Loans owed to partnership.........................   10,000     10,000
  Collectibles....................................      1,000      3,000
  Other capital assets............................      6,000      2,000
                                                   ---------------------
Capital assets....................................    7,000      5,000
Unrealized receivables............................        0     14,000
                                                   ---------------------
    Total.........................................    $20,000    $32,000
                                                   ---------------------
                                                       Liabilities and
                                                           capital
                                                   ---------------------
Liabilities.......................................   $2,000     $2,000
Capital:
  A...............................................    9,000     15,000
  B...............................................    9,000     15,000
                                                   ---------------------
    Total.........................................    $20,000    $32,000
------------------------------------------------------------------------

Sec. 1.1223-3  [Corrected]

    2. On page 43123, in the first column, in Sec. 1.1223-3(e), in 
Example 4, the table is corrected to read as follows:

------------------------------------------------------------------------
                                                      Assets
                                                   -----------   Market
                                                     Adjusted    value
                                                      basis
------------------------------------------------------------------------
Cash..............................................   $5,000     $5,000
Unrealized Receivables............................        0      6,000
  Capital Asset 1.................................      3,000      8,000
  Capital Asset 2.................................      2,000      5,000
                                                   ---------------------
Capital Assets....................................    5,000     13,000
                                                   ---------------------
    Total.........................................    $10,000    $24,000
------------------------------------------------------------------------

[FR Doc. C9-20368 Filed 9-9-99; 8:45 am]
BILLING CODE 1505-01-D