Finance & markets · 04/06/2003Updated: 10/17/2026 · 1 min read

IRS Corrects Temporary Regulations on Consolidated Group Stock Dispositions

The Internal Revenue Service (IRS) has corrected temporary regulations (TD 9048) regarding the basis of stock in a subsidiary member of a consolidated group, which were published in the Federal Register on March 14, 2003, and suspended losses on certain stock dispositions.