---
kind: "section"
citation: "18 C.F.R. § 367.4340"
title: "18"
number: "367.4340"
heading: "Account 434, Extraordinary income."
url: "https://uscodex.org/cfr/18/367.4340"
---

# §367.4340. Account 434, Extraordinary income.


This account must be credited with gains of unusual nature and infrequent occurrence that would significantly distort the current year's income computed before extraordinary items, if reported other than as extraordinary items. Income tax relating to the amounts recorded in this account must be recorded in account 409.3, Income taxes, extraordinary items ([§ 367.4093](/cfr/18/367.4093.md)) (See General Instructions in [§ 367.8](/cfr/18/367.8.md)).


## Notes

### Authority

Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.

### Source

Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.