Treas. Reg. § 1.706-2T Temporary regulations; question and answer under the Tax Reform Act of 1984.

eCFR as of 2026-10-19 · Interprets § 706 · Proposed amendments: REG-105346-03 (2015) · Temporary, issued Nov. 30, 1984: before the § 7805(e) 3-year limit

Question 1: For purposes of section 706(d), how is an otherwise deductible amount that is deferred under section 267(a)(2) treated?

Answer 1: In the year the deduction is allowed, the deduction will constitute an allocable cash basis item under section 706(d)(2)(B)(iv).

[T.D. 7991, 49 FR 47001, Nov. 30, 1984]