[Code of Federal Regulations]
[Title 26, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.267(d)-2]

[Page 582-583]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.267(d)-2  Effective date; taxable years subject to the Internal 
Revenue Code of 1939.

    Pursuant to section 7851(a)(1)(C), the regulations prescribed in 
Sec. 1.267(d)-1, to

[[Page 583]]

the extent that they relate to determination of gain resulting from the 
sale or other disposition of property after December 31, 1953, with 
respect to which property a loss was not allowable to the transferor by 
reason of section 267(a)(1) (or by reason of section 24(b) of the 
Internal Revenue Code of 1939), shall also apply to taxable years 
beginning before January 1, 1954, and ending after December 31, 1953, 
and taxable years beginning after December 31, 1953, and ending before 
August 17, 1954, which years are subject to the Internal Revenue Code of 
1939.