§ 1.108-5. Time and manner for making election under the Omnibus Budget Reconciliation Act of 1993.

Other regulations under § 108

• § 1.108-2 Acquisition of indebtedness by a person related to the debtor.
• § 1.108-3 Intercompany losses and deductions.
• § 1.108-4 Election to reduce basis of depreciable property under section 108(b)(5) of the Internal Revenue Code .
• § 1.108-6 Limitations on the exclusion of income from the discharge of qualified real property business indebtedness.
• § 1.108-7 Reduction of attributes.
• § 1.108-8 Indebtedness satisfied by partnership interest.
• § 1.108-9 Application of the bankruptcy and the insolvency provisions of section 108 to grantor trusts and disregarded entities.
• § 1.108(i)-0 Definitions and effective/applicability dates.
• § 1.108(i)-1 Deferred discharge of indebtedness income and deferred original issue discount deductions of C corporations.
• § 1.108(i)-2 Application of section 108(i) to partnerships and S corporations.
• § 1.108(i)-3 Rules for the deduction of OID.

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

• § 108 Income from discharge of indebtedness

Amendment history

From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.

1. October 22, 1998Amended by T.D. 8787 (63 FR 56563)
2. December 12, 1996Issued by T.D. 8688 (61 FR 65322)

Where it sits in 26 CFR

1. Subchapter A Income tax
2. Part 1 Income taxes
3. Items Specifically Excluded From Gross Income

Nearby sections

• § 1.107-1 Rental value of parsonages.
• § 1.108-2 Acquisition of indebtedness by a person related to the debtor.
• § 1.108-3 Intercompany losses and deductions.
• § 1.108-4 Election to reduce basis of depreciable property under section 108(b)(5) of the Internal Revenue Code .
• § 1.108-5 Time and manner for making election under the Omnibus Budget Reconciliation Act of 1993.
• § 1.108-6 Limitations on the exclusion of income from the discharge of qualified real property business indebtedness.
• § 1.108-7 Reduction of attributes.
• § 1.108-8 Indebtedness satisfied by partnership interest.
• § 1.108-9 Application of the bankruptcy and the insolvency provisions of section 108 to grantor trusts and disregarded entities.