[Code of Federal Regulations]
[Title 26, Volume 4]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.367(b)-12]

[Page 313]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.367(b)-12  Subsequent treatment of amounts attributed or included 
in income.

    (a) In general. This section applies to distributions with respect 
to, or a disposition of, stock--
    (1) To which, in connection with an exchange occurring before 
February 23, 2000, an amount has been attributed pursuant to Sec. 
7.367(b)-9 or 7.367(b)-10 of this chapter (as in effect prior to 
February 23, 2000, see 26 CFR part 1 revised as of April 1, 1999); or
    (2) In respect of which, before February 23, 2000, an amount has 
been included in income or added to earnings and profits pursuant to 
Sec. 7.367(b)-7 or Sec. 7.367(b)-10 of this chapter (as in effect 
prior to February 23, 2000, see 26 CFR part 1 revised as of April 1, 
1999).
    (b) Applicable rules. See Sec. 7.367(b)-12(b) through (e) of this 
chapter (as in effect prior to January 11, 2001, see 26 CFR part 1 
revised as of April 1, 2000) for purposes of applying paragraph (a) of 
this section.
    (c) Effective date. This section applies to distributions or 
dispositions that occur on or after January 11, 2001.

[T.D. 8937, 66 FR 2257, Jan. 11, 2001]