Treasury Regulations · 26 CFR
§ 1.1377-0. Table of contents.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 1377
Cite as 26 CFR § 1.1377-0
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- December 23, 1996 by T.D. 8696
- Last amended
- May 14, 2002 by T.D. 8994
- Issued under
- 26 U.S.C. § 1377
- Length
- 197 words · about 1 min to read
- Cross-references
- cites 1 Code section and 3 regulations; cited by 0
The following table of contents is provided to facilitate the use of §§ 1.1377-1 through 1.1377-3:
(a) Computation of pro rata shares.
(1) In general.
(2) Special rules.
(i) Days on which stock has not been issued.
(ii) Determining shareholder for day of stock disposition.
(iii) Shareholder trust conversions.
(b) Election to terminate year.
(1) In general.
(2) Affected shareholders.
(3) Effect of the terminating election.
(i) In general.
(ii) Due date of S corporation return.
(iii) Taxable year of inclusion by shareholder.
(iv) S corporation that is a partner in a partnership.
(4) Determination of whether an S shareholder's entire interest has terminated.
(5) Time and manner of making a terminating election.
(i) In general.
(ii) Affected shareholders required to consent.
(iii) More than one terminating election.
(c) Examples.
§ 1.1377-2 Post-termination transition period.(a) In general.
(b) Special rules for post-termination transition period.
(c) Determination defined.
(d) Date a determination becomes effective.
(1) Determination under section 1313(a).
(2) Written agreement.
(3) Implied agreement.
§ 1.1377-3 Effective date.[T.D. 8696, 61 FR 67455, Dec. 23, 1996, as amended by T.D. 8994, 67 FR 34401, May 14, 2002]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
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.
- Amended by T.D. 8994 (67 FR 34401)
- Issued by T.D. 8696 (61 FR 67455)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Small Business Corporations and Their Shareholders
Nearby sections
- § 1.1374-8 Section 1374(d)(8) transactions.
- § 1.1374-9 Anti-stuffing rule.
- § 1.1374-10 Effective date and additional rules.
- § 1.1375-1 Tax imposed when passive investment income of corporation having subchapter C earnings and profits exceed 25 percent of gross receipts.
- § 1.1377-0 Table of contents.
- § 1.1377-1 Pro rata share.
- § 1.1377-2 Post-termination transition period.
- § 1.1377-3 Applicability dates.
- § 1.1378-1 Taxable year of S corporation.