Par. 5. Section 1.707-9 is amended by: 1. Revising the section heading; 2. Redesignating paragraphs (a) and (b) as paragraphs (b) and (c); and 3. Adding new paragraph (a). The addition and revision read as follows:
(a) Section 1.707-1. Paragraphs (b)(1)(i) through (iii), (b)(2), and (b)(3) of § 1.707-1 apply to sales or exchanges of property with respect to controlled partnerships in taxable years ending on or after [DATE OF PUBLICATION OF FINAL RULE IN THE FEDERAL REGISTER ].
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