Internal Revenue Service January 2, 2024 – Federal Register Recent Federal Regulation Documents

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Statutory Disallowance of Deductions for Certain Qualified Conservation Contributions Made by Partnerships and S Corporations; Hearing Cancellation

Document Number: 2023-28793

Type: Proposed Rule

Date: 2024-01-02

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document cancels a public hearing on proposed regulations concerning the statutory disallowance rule enacted by the SECURE 2.0 Act of 2022 to disallow a Federal income tax deduction for a qualified conservation contribution made by a partnership or an S corporation after December 29, 2022, if the amount of the contribution exceeds 2.5 times the sum of each partner's or S corporation shareholder's relevant basis.

https://regulations.justia.com/regulations/fedreg/2024/01/02/2023-28793.html