[Code of Federal Regulations]
[Title 26, Volume 3]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.267(d)-2]

[Page 549-550]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
COMPUTATION OF TAXABLE INCOME (Continued)--Table of Contents
 
Sec. 1.267(d)-2  Effective date; taxable years subject to the Internal Revenue Code of 1939.

    Pursuant to section 7851(a)(1)(C), the regulations prescribed in 
Sec. 1.267(d)-1, to the extent that they relate to determination of gain 
resulting from the sale or other disposition of property after December 
31, 1953, with respect to

[[Page 550]]

which property a loss was not allowable to the transferor by reason of 
section 267(a)(1) (or by reason of section 24(b) of the Internal Revenue 
Code of 1939), shall also apply to taxable years beginning before 
January 1, 1954, and ending after December 31, 1953, and taxable years 
beginning after December 31, 1953, and ending before August 17, 1954, 
which years are subject to the Internal Revenue Code of 1939.