Disregarded entities.

(iii) Disregarded entities. For purposes of applying section 988 and the applicable regulations to transactions involving assets and liabilities described in paragraph (a)(4)(i) of this section that are held by a DE, the owner of the DE (within the meaning of 1.987-1(b)(4)) shall be treated as owning all such assets and liabilities.


26 CFR § 1.988-1

Scoping language

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