[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.818-7]

[Page 689]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Determination of Tax Liability--Table of Contents
 
Sec. 1.818-7  Denial of double deductions.

    Section 818(f) provides that the same item may not be deducted more 
than once under subpart B, part I, subchapter L, chapter 1 of the Code 
(relating to the determination of taxable investment income), and more 
than once under subpart C, part I, subchapter L, chapter 1 of the Code 
(relating to the determination of gain or loss from operations).

[T.D. 6558, 26 FR 2790, Apr. 4, 1961]