# Prop. Treas. Reg. § 1.1248-1: Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.

Proposed regulation, not in force. REG-151416-06, 79 FR 65151, published 2014-11-03 <https://www.federalregister.gov/documents/2014/11/03/2014-25487/certain-distributions-treated-as-sales-or-exchanges>. Interprets 26 U.S.C. § 1248.

Par. 13. Section 1.1248-1 is amended by adding a new sentence at the end of paragraph (a)(1) to read as follows:

(a) * * * (1) * * * See also §§ 1.732-1(c)(2)(v) and 1.755-1(c)(2)(v) for rules governing the application of section 1248 to partnership property in situations in which the basis of the property is increased or decreased under section 732 or 734(b).

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