§ 1.382-7. Built-in gains and losses.

Terms defined here

Where the text says “the term … means”. Select a term to jump to its definition.

• prepaid income § 1.382-7(a)

Other regulations under § 382

• § 1.382-1 Table of contents.
• § 1.382-1T Table of contents (temporary).
• § 1.382-2 General rules for ownership change.
• § 1.382-2T Definition of ownership change under section 382, as amended by the Tax Reform Act of 1986 (temporary).
• § 1.382-3 Definitions and rules relating to a 5-percent shareholder.
• § 1.382-4 Constructive ownership of stock.
• § 1.382-5 Section 382 limitation.
• § 1.382-6 Allocation of income and loss to periods before and after the change date for purposes of section 382.
• § 1.382-8 Controlled groups.
• § 1.382-9 Special rules under section 382 for corporations under the jurisdiction of a court in a title 11 or similar case.
• § 1.382-10 Special rules for determining time and manner of acquisition of an interest in a loss corporation.
• § 1.382-11 Reporting requirements.
• § 1.382-12 Determination of adjusted Federal long-term rate.

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

• § 382 Limitation on net operating loss carryforwards and certain built-in losses following ownership change
• § 455 Prepaid subscription income
• § 267 Losses, expenses, and interest with respect to transactions between related taxpayers

Cited by 2 other regulations

• § 1.163(j)-5 General rules governing disallowed business interest expense carryforwards for C corporations.
• § 1.382-1 Table of contents.

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. September 14, 2020Amended by T.D. 9905 (85 FR 56837)
2. July 15, 2019Amended by T.D. 9870 (84 FR 33692)
3. June 16, 2010Issued by T.D. 9487 (75 FR 33992)

Where it sits in 26 CFR

1. Subchapter A Income tax
2. Part 1 Income taxes
3. Carryovers

Nearby sections

• § 1.382-3 Definitions and rules relating to a 5-percent shareholder.
• § 1.382-4 Constructive ownership of stock.
• § 1.382-5 Section 382 limitation.
• § 1.382-6 Allocation of income and loss to periods before and after the change date for purposes of section 382.
• § 1.382-7 Built-in gains and losses.
• § 1.382-8 Controlled groups.
• § 1.382-9 Special rules under section 382 for corporations under the jurisdiction of a court in a title 11 or similar case.
• § 1.382-10 Special rules for determining time and manner of acquisition of an interest in a loss corporation.
• § 1.382-11 Reporting requirements.