Finance & markets · 02/07/2025Updated: 10/17/2026 · 1 min read

IRS Withdraws Proposed Regulations on Built-In Gain and Loss for Loss Corporations After Ownership Change

The Internal Revenue Service (IRS) has withdrawn two proposed rulemaking notices regarding the treatment of built-in items of income, gain, deduction, and loss for corporations affected by an ownership change under section 382(h) of the Internal Revenue Code (IRC).