Treasury Regulations · 26 CFR
§ 1.1382-5. Taxable income of cooperatives; products marketed under pooling arrangements.
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. § 1382
Cite as 26 CFR § 1.1382-5
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- April 2, 1963 by T.D. 6643
- Issued under
- 26 U.S.C. § 1382
- Length
- 175 words · about 1 min to read
- Cross-references
- cites 1 Code section and 1 regulation; cited by 2
For purposes of section 1382(b) and § 1.1382-2, in the case of a pooling arrangement for the marketing of products the patronage under such pool shall be treated as occurring during the taxable year in which the pool closes. The determination of when a pool is closed will be made on the basis of the facts and circumstances in each case, but generally the practices and operations of the cooperative organization shall control. This section may be illustrated by the following example:
Farmer A delivers to the X Cooperative 100 bushels of wheat on August 15, 1963, at which time he receives a per bushel advance. (Both farmer A and the X Cooperative file returns on a calendar year basis.) On October 15, 1963 farmer A receives an additional per bushel payment. The pool sells some of its wheat in 1963 and the remainder in January of 1964. The pool is closed on February 15, 1964. For purposes of section 1382(b), A's patronage is considered as occurring in 1964.
[T.D. 6643, 28 FR 3156, Apr. 2, 1963]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
Cited by 2 other regulations
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.
- Issued by T.D. 6643 (28 FR 3156)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Cooperatives and Their Patrons
Nearby sections
- § 1.1382-1 Taxable income of cooperatives; gross income.
- § 1.1382-2 Taxable income of cooperatives; treatment of patronage dividends.
- § 1.1382-3 Taxable income of cooperatives; special deductions for exempt farmers' cooperatives.
- § 1.1382-4 Taxable income of cooperatives; payment period for each taxable year.
- § 1.1382-5 Taxable income of cooperatives; products marketed under pooling arrangements.
- § 1.1382-6 Taxable income of cooperatives; treatment of earnings received after patronage occurred.
- § 1.1382-7 Special rules applicable to cooperative associations exempt from tax before January 1, 1952.
- § 1.1383-1 Computation of tax where cooperative redeems nonqualified written notices of allocation.