Prop. Treas. Reg. § 1.148-6 General allocation and accounting rules.

Proposed 2026-03-12 · REG-117298-21 · 91 FR 12118 · Interprets § 148 · Would amend § 1.148-6

Par. 7. Section 1.148-6 is amended by adding a sentence to the end of paragraph (d)(1)(ii) to read as follows:

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(d) * * *

(1) * * *

(ii) * * * To allocate funds from a specific source to an expenditure, those funds must be held by or on behalf of the issuer on the date of the cash outlay.

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