# REG-106004-98: Guidance Under Section 355(d); Recognition of Gain on Certain Distributions of Stock or Securities

Proposed rule. 1999-05-03 · Treasury · IRS · 64 FR 23554.
Source: <https://www.federalregister.gov/documents/1999/05/03/99-10818/guidance-under-section-355d-recognition-of-gain-on-certain-distributions-of-stock-or-securities>.

This document contains proposed regulations relating to recognition of gain on certain distributions of stock or securities of a controlled corporation. These proposed regulations affect corporations and their shareholders. Proposed regulations are necessary because of statutory changes made by the Omnibus Budget Reconciliation Act of 1990. This document also provides notice of a public hearing on these proposed regulations.