Statutes, codes, and regulations
Code of Federal Regulations
Title 5 - ADMINISTRATIVE PERSONNELChapter XVI - OFFICE OF GOVERNMENT ETHICSSubchapter B - GOVERNMENT ETHICSPart 2634 - EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE
Subpart J - CERTIFICATES OF DIVESTITURE
Section 2634.1002 - Role of the Internal Revenue Service

5 C.F.R. § 2634.1002

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Current through October 31, 2024
Section 2634.1002 - Role of the Internal Revenue Service

The Internal Revenue Service (IRS) has jurisdiction over the tax aspects of a divestiture made pursuant to a Certificate of Divestiture. Eligible persons seeking to defer capital gains:

(a) Must follow IRS requirements for reporting dispositions of property and electing under section 1043 not to recognize capital gains; and
(b) Should consult a personal tax advisor or the IRS for guidance on these matters.

5 C.F.R. §2634.1002

83 FR 33981 , 1/1/2019