{"data":{"id":"us/26-cfr-1.706-2t","jurisdiction":"us","citation":"26 CFR 1.706-2T","heading":"-2T Temporary regulations; question and answer under the Tax Reform Act of 1984.","body":"Question 1: For purposes of section 706(d), how is an otherwise deductible amount that is deferred under section 267(a)(2) treated?\nAnswer 1: In the year the deduction is allowed, the deduction will constitute an allocable cash basis item under section 706(d)(2)(B)(iv).","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"d4ea2b0bfa4f46f4c29ecbd42545c268d6a7c7a6ce79d33d9fd4d67b5a04b240","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.706-2","next":"us/26-cfr-1.706-3"},"notice":"GroundRules: Original legal text. Not legal advice."}