Federal Register: April 2, 2001 (Volume 66, Number 63)
DOCID: FR Doc 01-8047
DEPARTMENT OF THE TREASURY
Internal Revenue Service
CFR Citation: 26 CFR Part 1
RIN ID: RIN 1545-AX92
REG ID: [REG-105801-00]
NOTICE: PROPOSED RULES
ACTION: Income taxes:
DOCUMENT ACTION: Correction to notice of proposed rulemaking.
Capitalization of Interest and Carrying Charges Properly Allocated to Straddles; Correction
This document contains corrections to proposed regulations that were published in the Federal Register on January 18, 2001 (66 FR 4746). The regulations clarify the application of the straddle rules to a variety of financial instruments.
Capitalization of interest and carrying charges properly allocable to straddles; Correction,
These proposed regulations that are the subject of this correction are under sections 1092 and 263(g) of the Internal Revenue Code. Need for Correction
As published, these proposed regulations (REG10580100) contain errors that may prove to be misleading and are in need of
Correction of Publication
Accordingly, the publication of the proposed regulations (REG 10580100), which were the subject of FR. Doc. 011240, is corrected as follows:
Sec. 1.263(g)4 [Corrected]
1. On page 4750, column 3, Sec. 1.263(g)4, paragraph (c), paragraph (ii) of Example 2, line 3, the language ``of z ounces of silver. Consequently, A's'' is corrected to read ``of y ounces of silver. Consequently, A's''.
2. On page 4751, column 1, Sec. 1.263(g)4, paragraph (c),
paragraph (i) of Example 5, line 9, the language ``the holder would
receive an annual payment'' is corrected to read ``the holders would receive an annual payment''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Office of Special Counsel (Modernization and Strategic Planning).
[FR Doc. 018047 Filed 33001; 8:45 am] BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Kenneth Christman (202) 622-3950 (not a tollfree number).