§339.4. Exchanges without tax deferral.
31 C.F.R. § 339.4
Exchanges by owners who:
Report the interest on all of their securities annually for Federal income tax purposes, or
Who elect to report all such interest in the year of the exchange, or
Who are tax-exempt under the provisions of the Internal Revenue Code of 1954 and the regulations issued thereunder,
Notes, amendments, and revision history
Authority
Authority: Secs. 18, 20, and 22 of the Second Liberty Bond Act, as amended (40 Stat. 1309, 48 Stat. 343, 49 Stat. 21, 73 Stat. 621, all as amended; 31 U.S.C. 753, 754b, 757c), and 5 U.S.C. 301.
Source
Source: 36 FR 23856, Dec. 15, 1971, unless otherwise noted.