# Prop. Treas. Reg. § 1.475(g)-1: Effective dates.

Proposed regulation, not in force. REG-104924-98, 64 FR 4374, published 1999-01-28 <https://www.federalregister.gov/documents/1999/01/28/99-1787/mark-to-market-accounting-for-dealers-in-commodities-and-traders-in-securities-or-commodities>. Interprets 26 U.S.C. § 475.

Par. 8. Newly designated Sec. 1.475(g)-1 is amended by revising paragraphs (h)(2) and (i) and adding paragraphs (k), (l), and (m) to read as follows:

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(h) * * *

(2) Section 1.475(c)-1(b) (concerning sellers of nonfinancial goods and services) applies as follows:

(i) Except as otherwise provided in this paragraph (h)(2), Sec. 1.475(c)-1(b) applies to taxable years ending on or after December 31, 1993.

(ii) Section 1.475(c)-1(b)(4)(ii)(B) applies to taxable years ending after July 22, 1998.

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(i) Section 1.475(c)-2 (concerning the definition of security) applies as follows:

(1) Section 1.475(c)-2(a), (b), and (c) (concerning the definition of security) applies to taxable years ending on or after December 31, 1993. By its terms, however, Sec. 1.475(c)-2(a)(3) applies only to residual interests or to interests or arrangements acquired on or after January 4, 1995; and the integrated transactions that are referred to in Sec. 1.475(c)-2(a)(2) and (b) exist only after August 13, 1996 (the effective date of Sec. 1.1275-6).

(2) Section 1.475(c)-2(d) applies as follows:

(i) Section 1.475(c)-2(d)(1) applies to taxable years ending after July 22, 1998.

(ii) Section 1.475(c)-2(d)(2) applies to taxable years ending on or after January 28, 1999.

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(k) Section 1.475(e)-1(a) (concerning the time and manner for making the mark-to-market election for dealers in commodities) applies to taxable years ending on or after January 28, 1999. Section 1.475(e)- 1(b), (c) and (d) applies to commodities acquired on or after March 1, 1999.

(l) Section 1.475(f)-1 (procedures for electing mark-to-market accounting for traders in securities or commodities) applies to taxable years ending on or after January 28, 1999.

(m) Section 1.475(f)-2 (concerning the mark-to-market rules for traders in securities or commodities) applies to

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securities or commodities acquired on or after March 1, 1999.