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

Source: eCFR as of 2026-10-19 <https://www.ecfr.gov/current/title-26/section-1.706-2T>. Interprets 26 U.S.C. § 706.

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]