# Prop. Treas. Reg. § 1.163(j)-7: Application of the section 163(j) limitation to foreign corporations and United States shareholders.

Proposed regulation, not in force. REG-115145-25, 91 FR 48794, published 2026-08-03 <https://www.federalregister.gov/documents/2026/08/03/2026-15614/section-898c-transition-rule-for-allocating-foreign-taxes-and-section-960d4-foreign-tax-credit>. Interprets 26 U.S.C. § 163.

Par. 2. Section 1.163(j)-7 is amended by revising paragraph (k)(29)(i)(B) to read as follows:

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(k) * * *

(29) * * *

(i) * * *

(B) If the specified group parent is an applicable CFC, the period ending on the last day of the specified group parent's required year described in section 898(c)(1) and beginning on the first day after the last day of the specified group's immediately preceding specified period.

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