Code Section 852(f)(1)
| Code Section | Effective Date | Name of Act | Name of Provision |
|---|---|---|---|
| 852(f)(1) | 12/22/2010 | Regulated Investment Company Modernization Act of 2010 | Modification of Sale Load Basis Deferral Rule for RICs |
Modification of Sale Load Basis Deferral Rule for RICs
Explanation of Provision
The provision limits the applicability of the provision described under present law to cases where the taxpayer subsequently acquires stock before January 31 of the calendar year following the calendar year the original stock is disposed of.
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