IRS Issues Revenue Ruling on Determination of Amount Of, Recognition of Gain or Loss
October 19, 2026
October 19, 2026
WASHINGTON, Oct. 19 (TNSdock) -- The Internal Revenue Service issued the following revenue ruling (No. 2026-20) entitled "Determination of Amount of and Recognition of Gain or Loss".
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ISSUE
Should a transfer of securities to a newly formed exchange traded fund that is intended to qualify as an exchange to which Sec. 351 of the Internal Revenue Code (Code)1 applies fail to qualify as such if, as part of the same plan, some or all of the transf . . .
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ISSUE
Should a transfer of securities to a newly formed exchange traded fund that is intended to qualify as an exchange to which Sec. 351 of the Internal Revenue Code (Code)1 applies fail to qualify as such if, as part of the same plan, some or all of the transf . . .