Treasury Regulations · 26 CFR
§ 1.1502-12. Separate taxable income.
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. § 1502
Cite as 26 CFR § 1.1502-12
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- September 8, 1966 by T.D. 6894
- Issued under
- 26 U.S.C. § 1502
- Length
- 430 words · about 2 min to read
- Cross-references
- cites 9 Code sections and 11 regulations; cited by 8
The separate taxable income of a member (including a case in which deductions exceed gross income) is computed in accordance with the provisions of the Code covering the determination of taxable income of separate corporations, subject to the following modifications:
(Secs. 1502 and 7805 of the Internal Revenue Code of 1954 (68A Stat. 637; 917; 26 U.S.C. 1502, 7805))
[T.D. 6894, 31 FR 11794, Sept. 8, 1966]
For Federal Register citations affecting § 1.1502-12, see the List of CFR Sections Affected, which appears in the Finding Aids section of the printed volume and at www.govinfo.gov.
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
- § 615 Repealed
- § 617 Deduction and recapture of certain mining exploration expenditures
- § 1231 Property used in the trade or business and involuntary conversions
- § 170 Charitable, etc., contributions and gifts
- § 243 Dividends received by corporations
- § 245 Dividends received from certain foreign corporations
- § 613A Limitations on percentage depletion in case of oil and gas wells
- § 951A Net CFC tested income included in gross income of United States shareholders
- § 1502 Regulations
Regulations it cites
- § 1.1502-13 Intercompany transactions.
- § 1.1502-15 SRLY limitation on built-in losses.
- § 1.1502-16 Mine exploration expenditures.
- § 1.1502-17 Methods of accounting.
- § 1.1502-19 Excess loss accounts.
- § 1.1502-31 Stock basis after a group structure change.
- § 1.1502-33 Earnings and profits.
- § 1.1502-44 Percentage depletion for independent producers and royalty owners.
- § 1.337(d)-2 Loss limitation rules.
- § 1.1502-51 Consolidated section 951A.
- § 1.1502-50 Consolidated section 250.
Cited by 8 other regulations
- § 1.163(j)-1 Definitions.
- § 1.861-8 Computation of taxable income from sources within the United States and from other sources and activities.
- § 1.1502-4 Consolidated foreign tax credit.
- § 1.1502-9 Consolidated overall foreign losses, separate limitation losses, and overall domestic losses.
- § 1.1502-11 Consolidated taxable income.
- § 1.1502-16 Mine exploration expenditures.
- § 1.1502-100 Corporations exempt from tax.
- § 1.1552-1 Earnings and profits.
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. 6894 (31 FR 11794)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Computation of Separate Taxable Income