Treasury Regulations (26 C.F.R.)
26 CFR § 1.1254-0
Table of contents for section 1254 recapture rules.
This section lists the major captions contained in §§ 1.1254-1 through 1.1254-6.
(a) In general.
(b) Definitions.
(1) Section 1254 costs.
(2) Natural resource recapture property.
(3) Disposition.
(c) Disposition of a portion of natural resource recapture property.
(1) Disposition of a portion (other than an undivided interest) of natural resource recapture property.
(2) Disposition of an undivided interest.
(3) Alternative allocation rule.
(d) Installment method.
(a) Exception for gifts and section 1041 transfers.
(1) General rule.
(2) Part gift transactions.
(b) Exception for transfers at death.
(c) Limitation for certain tax-free transactions.
(1) General rule.
(2) Special rule for dispositions to certain tax exempt organizations.
(3) Transfers described.
(4) Special rules for section 332 transfers.
(d) Limitation for like kind exchanges and involuntary conversions.
(1) General rule.
(2) Disposition and acquisition of both natural resource recapture property and other property.
(a) Transactions in which basis is determined by reference to cost or fair market value of property transferred.
(1) Basis determined under section 1012.
(2) Basis determined under section 301(d), 334(a), or 358(a)(2).
(3) Basis determined solely under former section 334(b)(2) or former section 334(c).
(4) Basis determined by reason of the application of section 1014(a).
(b) Gifts and certain tax-free transactions.
(1) General rule.
(2) Transactions covered.
(c) Certain transfers at death.
(d) Property received in a like kind exchange or involuntary conversion.
(1) General rule.
(2) Allocation of section 1254 costs among multiple natural resource recapture property acquired.
(e) Property transferred in cases to which section 1071 or 1081(b) applies.
(a) In general.
(b) Determination of gain treated as ordinary income under section 1254 upon a disposition of natural resource recapture property by an S corporation.
(1) General rule.
(2) Examples.
(c) Character of gain recognized by a shareholder upon a sale or exchange of S corporation stock.
(1) General rule.
(2) Exceptions.
(3) Examples.
(d) Section 1254 costs of a shareholder.
(e) Section 1254 costs of an acquiring shareholder after certain acquisitions.
(1) Basis determined under section 1012.
(2) Basis determined under section 1014(a).
(3) Basis determined under section 1014(b)(9).
(4) Gifts and section 1041 transfers.
(f) Special rules for a corporation that was formerly an S corporation or formerly a C corporation.
(1) Section 1254 costs of an S corporation that was formerly a C corporation.
(2) Examples.
(3) Section 1254 costs of a C corporation that was formerly an S corporation.
(g) Determination of a shareholder's section 1254 costs upon certain stock transactions
(1) Issuance of stock.
(2) Natural resource recapture property acquired in exchange for stock.
(3) Treatment of nonvested stock.
(4) Exception.
(5) Aggregate of S corporation shareholders' section 1254 costs with respect to natural resource recapture property held by the S corporation
(6) Examples.
(a) In general.
(b) Determination of gain treated as ordinary income under section 1254 upon the disposition of natural resource recapture property by a partnership.
(1) General rule.
(2) Exception to partner level recapture in the case of abusive allocations.
(3) Examples.
(c) Section 1254 costs of a partner.
(1) General rule.
(2) Section 1254 costs of a transferee partner after certain acquisitions.
(d) Property distributed to a partner.
(1) In general.
(2) Aggregate of partners' section 1254 costs with respect to natural resource recapture property held by a partnership.
[T.D. 8586, 60 FR 2501, Jan. 10, 1995, as amended by T.D. 8684, 61 FR 53063, Oct. 10, 1996]
Source: view the official text
In this part (40 sections)
- 1.1248-4 · Limitation on tax applicable to individuals.
- 1.1248-5 · Stock ownership requirements for less developed country…
- 1.1248-6 · Sale or exchange of stock in certain domestic corporations.
- 1.1248-7 · Taxpayer to establish earnings and profits and foreign taxes.
- 1.1248-8 · Earnings and profits attributable to stock following certain…
- 1.1248(f)-1 · (f)-1 Certain nonrecognition distributions.
- 1.1248(f)-2 · (f)-2 Exceptions for certain distributions and…
- 1.1248(f)-3 · (f)-3 Reasonable cause and effective/applicability dates.
- 1.1249-1 · Gain from certain sales or exchanges of patents, etc., to…
- 1.1250-1 · Gain from dispositions of certain depreciable realty.
- 1.1250-2 · Additional depreciation defined.
- 1.1250-3 · Exceptions and limitations.
- 1.1250-4 · Holding period.
- 1.1250-5 · Property with two or more elements.
- 1.1251-1 · General rule for treatment of gain from disposition of…
- 1.1251-2 · Excess deductions account.
- 1.1251-3 · Definitions relating to section 1251.
- 1.1251-4 · Exceptions and limitations.
- 1.1252-1 · General rule for treatment of gain from disposition of farm…
- 1.1252-2 · Special rules.
- 1.1254-0 · Table of contents for section 1254 recapture rules.
- 1.1254-1 · Treatment of gain from disposition of natural resource…
- 1.1254-2 · Exceptions and limitations.
- 1.1254-3 · Section 1254 costs immediately after certain acquisitions.
- 1.1254-4 · Special rules for S corporations and their shareholders.
- 1.1254-5 · Special rules for partnerships and their partners.
- 1.1254-6 · Effective/applicability date.
- 1.1256(e)-1 · (e)-1 Identification of hedging transactions.
- 1.1256(e)-2 · (e)-2 Special rules for syndicates.
- 1.1258-1 · Netting rule for certain conversion transactions.
- 1.1271-0 · Original issue discount; effective date; table of contents.
- 1.1271-1 · Special rules applicable to amounts received on retirement,…
- 1.1272-1 · Current inclusion of OID in income.
- 1.1272-2 · Treatment of debt instruments purchased at a premium.
- 1.1272-3 · Election by a holder to treat all interest on a debt…
- 1.1273-1 · Definition of OID.
- 1.1273-2 · Determination of issue price and issue date.
- 1.1274-1 · Debt instruments to which section 1274 applies.
- 1.1274-2 · Issue price of debt instruments to which section 1274…
- 1.1274-3 · Potentially abusive situations defined.