Safety Zones and Special Local Regulations; Recurring Marine Events in Captain of the Port Long Island Sound Zone, 46809-46810 [2013-18618]
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Federal Register / Vol. 78, No. 149 / Friday, August 2, 2013 / Rules and Regulations
identified mixed straddles established
after August 1, 2013.* * *
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*
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■ Par. 3. Section 1.1092(b)–6T is added
to read as follows:
§ 1.1092(b)–6T Mixed straddles; accrued
gain and loss associated with a position
that becomes part of a section 1092(b)(2)
identified mixed straddle that is established
after August 1, 2013 (Temporary).
sroberts on DSK5SPTVN1PROD with RULES
(a) In general. Except as otherwise
provided, if one or more positions of a
section 1092(b)(2) identified mixed
straddle were held by the taxpayer on
the day prior to the day the section
1092(b)(2) identified mixed straddle is
established, any unrealized gain or loss
on the day prior to the day the section
1092(b)(2) identified mixed straddle is
established with respect to such
position or positions is taken into
account at the time, and has the
character, provided by the provisions of
the Internal Revenue Code that would
apply to the gain or loss if the section
1092(b)(2) identified mixed straddle
were not established. Unrealized gain or
loss is the difference between the fair
market value of the position or positions
on the day before a section 1092(b)(2)
identified mixed straddle is established
and the taxpayer’s basis in that position
or positions. See § 1.1092(b)–2T for
treatment of holding periods with
respect to such positions. Changes in
value of the position or positions that
occur after the section 1092(b)(2)
identified mixed straddle is established
are accounted for under the other
provisions of § 1.1092(b)–3T.
(b) Examples. Paragraph (a) of this
section may be illustrated by the
following examples. It is assumed in
each example that the positions are the
only positions held directly or
indirectly (through a related person or
flowthrough entity) by an individual
calendar year taxpayer during the
taxable year and no section 1256
contract is substantially identical to an
offsetting non-section 1256 contract. It
is also assumed that any gain or loss
recognized on disposition of any
position in the straddle would be capital
gain or loss.
Example 1. On August 13, 2013, A enters
into a section 1256 contract. As of the close
of the day on August 15, 2013, there is $500
of unrealized loss on the section 1256
contract. On August 16, 2013, A enters into
an offsetting non-section 1256 position and
makes a valid election to treat the straddle as
a section 1092(b)(2) identified mixed
straddle. A continues to hold both positions
of the section 1092(b)(2) identified mixed
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straddle on January 1, 2014. Under these
circumstances, A will recognize the $500 loss
on the section 1256 contract that existed
prior to establishing the section 1092(b)(2)
identified mixed straddle on the last business
day of 2013 because the section 1256 contract
would be treated as sold on December 31,
2013, (the last business day of the taxable
year) under section 1256(a). The loss
recognized in 2013 will be treated as 60%
long-term capital loss and 40% short-term
capital loss. All gains and losses occurring
after the section 1092(b)(2) identified mixed
straddle is established are accounted for
under the applicable provisions in
§ 1.1092(b)–3T.
Example 2. On September 3, 2012, A enters
into a non-section 1256 position. As of the
close of the day on August 22, 2013, there is
$400 of unrealized short-term capital gain on
the non-section 1256 position. On August 23,
2013, A enters into an offsetting section 1256
contract and makes a valid election to treat
the straddle as a section 1092(b)(2) identified
mixed straddle. On September 10, 2013, A
closes out the section 1256 contract at a $500
loss and disposes of the non-section 1256
position, realizing an $875 gain. Under these
circumstances, A has $400 of short-term
capital gain attributable to the non-section
1256 position prior to the day the section
1092(b)(2) identified mixed straddle was
established. The $400 unrealized gain earned
on the non-section 1256 position will be
recognized on September 10, 2013, when the
non-section 1256 position is disposed of. The
gain will be short-term capital gain because,
if the non-section 1256 position had been
disposed of prior to establishing the section
1092(b)(2) identified mixed straddle, the gain
would not have been long-term capital gain.
See § 1.1092(b)–2T for rules concerning
holding period. On September 10, 2013, the
gain of $875 on the non-section 1256 position
will be reduced to $475 to take into account
the $400 of unrealized gain when the section
1092(b)(2) identified mixed straddle was
established. The $475 gain on the nonsection 1256 position will be offset by the
$500 loss on the section 1256 contract. The
net loss of $25 from the straddle will be
treated as 60% long-term capital loss and
40% short-term capital loss because it is
attributable to the section 1256 contract.
(c) Effective/applicability date. The
rules of this section apply to all section
1092(b)(2) identified mixed straddles
established after August 1, 2013.
(d) Expiration date. The applicability
of this section expires on August 1,
2016.
Beth Tucker,
Deputy Commissioner for Operations
Support.
Approved: June 16, 2013.
Mark J. Mazur
Assistant Secretary of the Treasury (Tax
Policy).
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Parts 100 and 165
[Docket No. USCG–2012–1036]
Safety Zones and Special Local
Regulations; Recurring Marine Events
in Captain of the Port Long Island
Sound Zone
AGENCY:
Coast Guard, DHS.
Notice of enforcement of
regulation.
ACTION:
The Coast Guard will enforce
special local regulations for one regatta
and seven safety zones for five fireworks
displays and two swim events in the
Sector Long Island Sound area of
responsibility on the dates and times
listed in the tables below. This action is
necessary to provide for the safety of life
on navigable waterways during the
events. During the enforcement period,
no person or vessel may enter the
regulated area or safety zones without
permission of the Captain of the Port
(COTP) Sector Long Island Sound or
designated representative.
SUMMARY:
The regulations in 33 CFR
100.100 and 33 CFR 165.151 will be
enforced during the dates and times that
follow in the SUPPLEMENTARY
INFORMATION section.
DATES:
If
you have questions on this notice, call
or email Petty Officer Scott
Baumgartner, Waterways Management
Division, U.S. Coast Guard Sector Long
Island Sound; telephone 203–468–4559,
email Scott.A.Baumgartner@uscg.mil.
FOR FURTHER INFORMATION CONTACT:
The Coast
Guard will enforce the regulated area
listed in 33 CFR 100.100 and safety
zones listed in 33 CFR 165.151 on the
specified dates and times as indicated in
tables that follow. If the event is delayed
by inclement weather, the regulation
will be enforced on the rain date
indicated in tables below. These
regulations were published in the
Federal Register on May 24, 2013 (78
FR 31402).
SUPPLEMENTARY INFORMATION:
[FR Doc. 2013–18702 Filed 8–1–13; 8:45 am]
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Federal Register / Vol. 78, No. 149 / Friday, August 2, 2013 / Rules and Regulations
TABLE TO § 100.100
1.7 Hartford Dragon Boat Regatta ...........................................................
• Date: August 17, 2013 from 7:30 a.m. until 5:30 p.m. and August 18,
2013 from 8:30 a.m. until 4:30 p.m.
• Regulated area: All waters of the Connecticut River in Hartford, CT
between the Bulkeley Bridge 41°46′10.10″ N, 072°39′56.13″ W and
the Wilbur Cross Bridge 41°45′11.67″ N, 072°39′13.64″ W (NAD 83).
TABLE 1 TO § 165.151
8.3 Old Black Point Beach Association Fireworks ...................................
•
•
•
•
8.6 Stamford Fireworks ............................................................................
•
•
•
•
8.8 Ascension Fireworks ..........................................................................
•
•
•
•
9.3 Village of Island Park Labor Day Celebration Fireworks ...................
•
•
•
Date: August 17, 2013.
Rain Date: August 18, 2013.
Time: 8:30 p.m. to 10:30 p.m.
Location: Waters off Old Black Point Beach East Lyme, CT in approximate position, 41°17′34.9″ N, 072°12′55″ W (NAD 83).
Date: August 29, 2013.
Rain date: August 30, 2013.
Time: 8 p.m. to 9:30 p.m.
Location: Waters of Stamford Harbor, off Kosciuszco Park, Stamford,
CT in approximate position 41°01′48.46″ N, 073°32′15.32″ W (NAD
83).
Date: August 17, 2013.
Rain Date: August 18, 2013.
Time: 9 p.m. to 10 p.m.
Location: Waters of the Great South Bay off The Pines, East Fire Island, NY in approximate position 40°40′07.47″ N, 073°04′31.73″ W
(NAD 83).
Date: August 31, 2013.
Rain Date: September 1, 2013.
Location: Waters off Village of Island Park Fishing Pier, Village
Beach, NY in approximate position 40°36′30.95″ N, 073°39′22.23″ W
(NAD 83).
TABLE 2 TO § 165.151
1.1 Swim Across the Sound .....................................................................
sroberts on DSK5SPTVN1PROD with RULES
1.5 Stonewall Swim ..................................................................................
Under the provisions of 33 CFR
100.100 and 33 CFR 165.151, the
regatta, fireworks displays and swim
events listed above are established as a
special local regulation or safety zones.
During the enforcement period, persons
and vessels are prohibited from entering
into, transiting through, mooring, or
anchoring within the regulated area or
safety zones unless they receive
permission from the COTP or
designated representative.
This notice is issued under authority
of 33 CFR part 100, 33 CFR part 165,
and 5 U.S.C. 552(a). In addition to this
notice in the Federal Register, the Coast
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• Date: August 3, 2013.
• Time: 9 a.m. to 7 p.m.
• Location: Waters of Long Island Sound, Port Jefferson, NY to Captain’s Cove Seaport, Bridgeport, CT in approximate positions
40°58′11.71″ N, 073°05′51.12″ W, north-westerly to the finishing
point at Captain’s Cove Seaport 41°09′25.07″ N, 073°12′47.82″ W
(NAD 83).
• Date: August 3, 2013.
• Time: 8:30 a.m. until 12:30 p.m.
• Location: All navigable waters of the Great South Bay within a three
mile long and half mile wide box connecting Snedecor Avenue in
Bayport, NY to Porgie Walk in Fire Island, NY. Formed by connecting the following points. Beginning at 40°43′40.24″ N,
073°03′41.50″ W; then to 40°43′40.00″ N, 073°03′13.40″ W; then to
40°40′04.13 N, 073°03′43.81″ W; then to 40°40′08.30″ N,
073°03′17.70″ W; and ending at the beginning point 40°43′40.24″ N,
073°03′41.5″ W (NAD 83).
Guard will provide the maritime
community with advance notification of
this enforcement period via the Local
Notice to Mariners or marine
information broadcasts. If the COTP
determines that a regulated area need
not be enforced for the full duration
stated in this notice, a Broadcast Notice
to Mariners may be used to grant general
permission to enter the regulated area.
Dated: July 18, 2013.
E. J. Cubanski,
Captain, U.S. Coast Guard, Captain of the
Port Sector Long Island Sound.
[FR Doc. 2013–18618 Filed 8–1–13; 8:45 am]
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DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[Docket No. USCG–2013–0612]
RIN 1625–AA00
Safety Zone; Motion Picture Filming;
Chicago River; Chicago, IL
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
The Coast Guard is
establishing three temporary safety
SUMMARY:
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[Federal Register Volume 78, Number 149 (Friday, August 2, 2013)]
[Rules and Regulations]
[Pages 46809-46810]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-18618]
=======================================================================
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DEPARTMENT OF HOMELAND SECURITY
Coast Guard
33 CFR Parts 100 and 165
[Docket No. USCG-2012-1036]
Safety Zones and Special Local Regulations; Recurring Marine
Events in Captain of the Port Long Island Sound Zone
AGENCY: Coast Guard, DHS.
ACTION: Notice of enforcement of regulation.
-----------------------------------------------------------------------
SUMMARY: The Coast Guard will enforce special local regulations for one
regatta and seven safety zones for five fireworks displays and two swim
events in the Sector Long Island Sound area of responsibility on the
dates and times listed in the tables below. This action is necessary to
provide for the safety of life on navigable waterways during the
events. During the enforcement period, no person or vessel may enter
the regulated area or safety zones without permission of the Captain of
the Port (COTP) Sector Long Island Sound or designated representative.
DATES: The regulations in 33 CFR 100.100 and 33 CFR 165.151 will be
enforced during the dates and times that follow in the SUPPLEMENTARY
INFORMATION section.
FOR FURTHER INFORMATION CONTACT: If you have questions on this notice,
call or email Petty Officer Scott Baumgartner, Waterways Management
Division, U.S. Coast Guard Sector Long Island Sound; telephone 203-468-
4559, email Scott.A.Baumgartner@uscg.mil.
SUPPLEMENTARY INFORMATION: The Coast Guard will enforce the regulated
area listed in 33 CFR 100.100 and safety zones listed in 33 CFR 165.151
on the specified dates and times as indicated in tables that follow. If
the event is delayed by inclement weather, the regulation will be
enforced on the rain date indicated in tables below. These regulations
were published in the Federal Register on May 24, 2013 (78 FR 31402).
[[Page 46810]]
Table to Sec. 100.100
------------------------------------------------------------------------
------------------------------------------------------------------------
1.7 Hartford Dragon Boat Regatta....... Date: August 17, 2013
from 7:30 a.m. until 5:30 p.m.
and August 18, 2013 from 8:30
a.m. until 4:30 p.m.
Regulated area: All
waters of the Connecticut
River in Hartford, CT between
the Bulkeley Bridge
41[deg]46'10.10'' N,
072[deg]39'56.13'' W and the
Wilbur Cross Bridge
41[deg]45'11.67'' N,
072[deg]39'13.64'' W (NAD 83).
------------------------------------------------------------------------
Table 1 to Sec. 165.151
------------------------------------------------------------------------
------------------------------------------------------------------------
8.3 Old Black Point Beach Association Date: August 17, 2013.
Fireworks. Rain Date: August 18,
2013.
Time: 8:30 p.m. to
10:30 p.m.
Location: Waters off
Old Black Point Beach East
Lyme, CT in approximate
position, 41[deg]17'34.9'' N,
072[deg]12'55'' W (NAD 83).
8.6 Stamford Fireworks................. Date: August 29, 2013.
Rain date: August 30,
2013.
Time: 8 p.m. to 9:30
p.m.
Location: Waters of
Stamford Harbor, off
Kosciuszco Park, Stamford, CT
in approximate position
41[deg]01'48.46'' N,
073[deg]32'15.32'' W (NAD 83).
8.8 Ascension Fireworks................ Date: August 17, 2013.
Rain Date: August 18,
2013.
Time: 9 p.m. to 10
p.m.
Location: Waters of
the Great South Bay off The
Pines, East Fire Island, NY in
approximate position
40[deg]40'07.47'' N,
073[deg]04'31.73'' W (NAD 83).
9.3 Village of Island Park Labor Day Date: August 31, 2013.
Celebration Fireworks. Rain Date: September
1, 2013.
Location: Waters off
Village of Island Park Fishing
Pier, Village Beach, NY in
approximate position
40[deg]36'30.95'' N,
073[deg]39'22.23'' W (NAD 83).
------------------------------------------------------------------------
Table 2 to Sec. 165.151
------------------------------------------------------------------------
------------------------------------------------------------------------
1.1 Swim Across the Sound.............. Date: August 3, 2013.
Time: 9 a.m. to 7 p.m.
Location: Waters of
Long Island Sound, Port
Jefferson, NY to Captain's
Cove Seaport, Bridgeport, CT
in approximate positions
40[deg]58'11.71'' N,
073[deg]05'51.12'' W, north-
westerly to the finishing
point at Captain's Cove
Seaport 41[deg]09'25.07'' N,
073[deg]12'47.82'' W (NAD 83).
1.5 Stonewall Swim..................... Date: August 3, 2013.
Time: 8:30 a.m. until
12:30 p.m.
Location: All
navigable waters of the Great
South Bay within a three mile
long and half mile wide box
connecting Snedecor Avenue in
Bayport, NY to Porgie Walk in
Fire Island, NY. Formed by
connecting the following
points. Beginning at
40[deg]43'40.24'' N,
073[deg]03'41.50'' W; then to
40[deg]43'40.00'' N,
073[deg]03'13.40'' W; then to
40[deg]40'04.13 N,
073[deg]03'43.81'' W; then to
40[deg]40'08.30'' N,
073[deg]03'17.70'' W; and
ending at the beginning point
40[deg]43'40.24'' N,
073[deg]03'41.5'' W (NAD 83).
------------------------------------------------------------------------
Under the provisions of 33 CFR 100.100 and 33 CFR 165.151, the
regatta, fireworks displays and swim events listed above are
established as a special local regulation or safety zones. During the
enforcement period, persons and vessels are prohibited from entering
into, transiting through, mooring, or anchoring within the regulated
area or safety zones unless they receive permission from the COTP or
designated representative.
This notice is issued under authority of 33 CFR part 100, 33 CFR
part 165, and 5 U.S.C. 552(a). In addition to this notice in the
Federal Register, the Coast Guard will provide the maritime community
with advance notification of this enforcement period via the Local
Notice to Mariners or marine information broadcasts. If the COTP
determines that a regulated area need not be enforced for the full
duration stated in this notice, a Broadcast Notice to Mariners may be
used to grant general permission to enter the regulated area.
Dated: July 18, 2013.
E. J. Cubanski,
Captain, U.S. Coast Guard, Captain of the Port Sector Long Island
Sound.
[FR Doc. 2013-18618 Filed 8-1-13; 8:45 am]
BILLING CODE 9110-04-P
