The Internal Revenue Service has finalized regulations governing certain transfers of property to regulated investment companies and real estate investment trusts.

In  TD 9626, the IRS issued final regulations under Section 337(d) of the Tax Code to provide guidance concerning certain transfers of property from a C corporation to a regulated investment company (RIC) or a real estate investment trust (REIT). The regulations will affect the parties to such transactions, the IRS noted.The regulations took effect last Friday, August 2.

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