[Federal Register Volume 64, Number 175 (Friday, September 10, 1999)]
[Corrections]
[Page 49276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C9-20368]
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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
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[FR Doc. C9-20368 Filed 9-9-99; 8:45 am]
BILLING CODE 1505-01-D