[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: 26CFR1.822-2]

[Page 706]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Determination of Tax Liability--Table of Contents
 
Sec. 1.822-2  Real estate owned and occupied.

    The limitation in section 822(d)(1) on the amount allowable as a 
deduction for taxes, expenses, and depreciation upon or with respect to 
any real estate owned and occupied in whole or in part by a mutual 
insurance company subject to the tax imposed by section 821 is the same 
as that provided in the case of life insurance companies by section 
803(h). See Sec. 1.803-5.