Treasury Regulations · 26 CFR
§ 1.465-1T. Aggregation of certain activities (temporary).
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. § 465
Cite as 26 CFR § 1.465-1T
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- March 11, 1985 by T.D. 8012
- Issued under
- 26 U.S.C. § 465
- Length
- 279 words · about 1 min to read
- Cross-references
- cites 3 Code sections and 0 regulations; cited by 0
Thus, for example, if a partnership or S corporation is engaged in the activity of exploring for, or exploiting, oil and gas resources with respect to 10 oil and gas properties, a partner or S corporation shareholder may aggregate those properties and treat the aggregated oil and gas activities as a single activity. If that partnership or S corporation also is engaged in the activity of farming with respect to two farms, the partner or shareholder may aggregate the farms and treat the aggregated farming activities as a single separate activity. Except as provided in section 465(c)(2)(B)(ii), the partner or shareholder cannot aggregate the farming activity with the oil and gas activity.
(Secs. 465(c)(2)(B) and 7805 of the Internal Revenue Code of 1954 (98 Stat. 814, 68A Stat. 917; 26 U.S.C. 465(c)(2)(B) and 7805))
[T.D. 8012, 50 FR 9614, Mar. 11, 1985]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections 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.
- Issued by T.D. 8012 (50 FR 9614)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Taxable year for which deductions taken
Nearby sections
- § 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.
- § 1.466-1 Method of accounting for the redemption cost of qualified discount coupons.