Guidance Under Section 355(e) Regarding Predecessors, Successors, and Limitation on Gain Recognition; Guidance Under Section 355(f); Correction

---
identifier: "/us/fr/2020-05041"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Guidance Under Section 355(e) Regarding Predecessors, Successors, and Limitation on Gain Recognition; Guidance Under Section 355(f); Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2020-05041"
section_name: "Guidance Under Section 355(e) Regarding Predecessors, Successors, and Limitation on Gain Recognition; Guidance Under Section 355(f); Correction"
positive_law: false
currency: "2020-03-17"
last_updated: "2020-03-17"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "2020-05041"
document_type: "rule"
publication_date: "2020-03-17"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BN18"
fr_citation: "85 FR 15061"
fr_volume: 85
docket_ids:
  - "TD 9888"
effective_date: "2020-03-17"
fr_action: "Final regulations; correction."
---


#  Guidance Under Section 355(e) Regarding Predecessors, Successors, and Limitation on Gain Recognition; Guidance Under Section 355(f); Correction

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Final regulations; correction.

**SUMMARY:**

This document contains a correction to final regulations (TD 9888) that were published in the *Federal Register* on Wednesday, December 18, 2019. The final regulations provide guidance regarding the distribution by a distributing corporation of stock or securities of a controlled corporation without the recognition of income, gain, or loss.

**DATES:**

This correction is effective on March 17, 2020. For dates of applicability, see § 1.355-8(i).

**FOR FURTHER INFORMATION CONTACT:**

W. Reid Thompson, (202) 317-5024, or Richard K. Passales, (202) 317-5024 (not toll-free numbers).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations (TD 9888) (84 FR 69308, Dec. 18, 2019) that are the subject of this correction are issued under section 355 of the Internal Revenue Code.

**Need for Correction**

As published, the final regulations (TD 9888), contain an error that needs to be corrected.

**Correction of Publication**

Accordingly, the final regulations (TD 9888), that are the subject of FR Doc. 2019-27110, appearing on page 69308 in the *Federal Register* of Wednesday, December 18, 2019, are corrected as follows:

1. On page 69312, in the third column, the eighth line from the bottom of the first full paragraph, “8T(b)(2)(vi)(B)( *2* )” is corrected to read “8T(b)(2)(vi)”.

Martin V. Franks,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).