Treasury Regulations · 26 CFR
§ 1.995-6. Taxable income attributable to military property.
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. § 995
Cite as 26 CFR § 1.995-6
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- October 12, 1984 by T.D. 7984
- Issued under
- 26 U.S.C. § 995
- Length
- 492 words · about 2 min to read
- Defines
- 2 terms
- Cross-references
- cites 2 Code sections and 2 regulations; cited by 1
X Corporation elects to be a DISC for the first time in 1976. X has taxable income of $50,000, of which $30,000 is attributable to military property and $10,000 to interest on producer's loans. The total deemed distributions with respect to X are as follows:
| (1) Gross interest from Producer's loans in 1976 | $10,000 |
| (2) 50 percent of the taxable income of the DISC attributable to military property in 1976 | 15,000 |
| (3) One-half of the excess of taxable income for 1976 over the sum of lines (1) and (2) (1⁄2 of ($50,000 minus $25,000)) | 12,500 |
| (4) Total deemed distributions (sum of total lines (1), (2), and (3)) | 37,500 |
(Secs. 995(e)(7), (8) and (10), 995(g) and 7805 of the Internal Revenue Code of 1954 (90 Stat. 1655, 26 U.S.C. 995 (e)(7), (8) and (10); 90 Stat. 1659, 26 U.S.C. 995(g); and 68A Stat 917, 26 U.S.C. 7805))
[T.D. 7984, 49 FR 40019, Oct. 12, 1984]
Terms defined here
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Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
- § 1.993-1 Definition of qualified export receipts.
- § 1.861-8 Computation of taxable income from sources within the United States and from other sources and activities.
Cited by 1 other regulation
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. 7984 (49 FR 40019)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Domestic International Sales Corporations
Nearby sections
- § 1.995-2 Deemed distributions in qualified years.
- § 1.995-3 Distributions upon disqualification.
- § 1.995-4 Gain on disposition of stock in a DISC.
- § 1.995-5 Foreign investment attributable to producer's loans.
- § 1.995-6 Taxable income attributable to military property.
- § 1.996-1 Rules for actual distributions and certain deemed distributions.
- § 1.996-2 Ordering rules for losses.
- § 1.996-3 Divisions of earnings and profits.
- § 1.996-4 Subsequent effect of previous disposition of DISC stock.