[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: 26CFR1.1374-9]

[Page 774]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1374-9  Anti-stuffing rule.

    If a corporation acquires an asset before or during the recognition 
period with a principal purpose of avoiding the tax imposed under 
section 1374, the asset and any loss, deduction, loss carryforward, 
credit, or credit carryforward attributable to the asset is disregarded 
in determining the S corporation's pre-limitation amount, taxable income 
limitation, net unrealized built-in gain limitation, deductions against 
net recognized built-in gain, and credits against the section 1374 tax.

[T.D. 8579, 59 FR 66470, Dec. 27, 1994]