[Code of Federal Regulations]
[Title 26, Volume 6]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.469-3]

[Page 396-397]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
DEFERRED COMPENSATION, ETC.--Table of Contents
 
Sec. 1.469-3  Passive activity credit.

    (a)-(d) [Reserved]
    (e) Coordination with section 38(b). Any credit described in section 
38(b) (1) through (5) is taken into account in computing the current 
year business credit for the first taxable year in which the credit is 
subject to section 469 and is not disallowed by section 469 and the 
regulations thereunder.
    (f) Coordination with section 50. In the case of any cessation 
described in section 50(a) (1) or (2), the credits allocable to the 
taxpayer's activities under Sec. 1.469-1(f)(4) shall be adjusted by 
reason of the cessation.

[[Page 397]]

    (g) [Reserved]

[T.D. 8417, 57 FR 20758, May 15, 1992]