[Code of Federal Regulations] [Title 26, Volume 11] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.1234-4] [Page 317] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) PART 1_INCOME TAXES--Table of Contents Sec. 1.1234-4 Hedging transactions. The character of gain or loss on an acquired or a written option that is (or is identified as being) part of a hedging transaction is determined under the rules of Sec. 1.1221-2. [T.D. 8555, 59 FR 36367, July 18, 1994]