Treasury Regulations · 26 CFR
§ 1.461-6. Economic performance when certain liabilities are assigned or are extinguished by the establishment of a fund.
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. § 461
Cite as 26 CFR § 1.461-6
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- April 10, 1992 by T.D. 8408
- Issued under
- 26 U.S.C. § 461
- Length
- 111 words · about 1 min to read
- Cross-references
- cites 3 Code sections and 0 regulations; cited by 2
¶(a) Qualified assignments of certain personal injury liabilities under section 130. In the case of a qualified assignment (within the meaning of section 130(c)), economic performance occurs as a taxpayer-assignor makes payments that are excludible from the income of the assignee under section 130(a).
¶(c) Payments to other funds or persons that constitute economic performance. [Reserved]
¶(d) Effective dates. The rules in paragraph (a) of this section apply to payments after July 18, 1984.
[T.D. 8408, 57 FR 12428, Apr. 10, 1992]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
- § 130 Certain personal injury liability assignments
- § 468 Special rules for mining and solid waste reclamation and closing costs
- § 468B Special rules for designated settlement funds
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. 8408 (57 FR 12428)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Taxable year for which deductions taken
Nearby sections
- § 1.461-1 General rule for taxable year of deduction.
- § 1.461-2 Contested liabilities.
- § 1.461-4 Economic performance.
- § 1.461-5 Recurring item exception.
- § 1.461-6 Economic performance when certain liabilities are assigned or are extinguished by the establishment of a fund.
- § 1.465-1T Aggregation of certain activities (temporary).
- § 1.465-8 General rules; interest other than that of a creditor.
- § 1.465-20 Treatment of amounts borrowed from certain persons and amounts protected against loss.
- § 1.465-27 Qualified nonrecourse financing.