Contract commencement date.

(7) Contract commencement date. The contract commencement date is the date that a taxpayer or related party first incurs any allocable contract costs, such as design and engineering costs, other than expenses attributable to bidding and negotiating activities. Generally, the contract commencement date is relevant in applying 1.460-6(b)(3) (concerning the de minimis exception to the look-back method under section 460(b)(3)(B)); 1.460-5(b)(2)(v)(B)(1)(i) (concerning the production period subject to interest allocation); 1.460-2(d) (concerning qualified ship contracts); and 1.460-3(b)(1)(ii) (concerning the construction period for exempt construction contracts).


26 CFR § 1.460-1

Scoping language

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