Data / Federal rules / 2025-00324
Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest
The Internal Revenue Service published this final rule in the Federal Register on January 14, 2025. It took effect on January 14, 2025.
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What the agency says
This document contains final regulations that identify certain partnership related-party basis adjustment transactions and substantially similar transactions as transactions of interest, a type of reportable transaction. Material advisors and certain participants in these transactions are required to file disclosures with the IRS and are subject to penalties for failure to disclose. The final regulations affect participants in these transactions as well as material advisors.
Key facts
- Document number
- 2025-00324
- Type
- Final rule
- Action
- Final rule
- Agency
- Treasury Department; Internal Revenue Service
- Published
- January 14, 2025
- Takes effect
- January 14, 2025
- Dates
- Effective date: These regulations are effective on January 14, 2025.
- Docket
- TD 10028
- Regulation ID (RIN)
- 1545-BR07
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Significant
- Yes, under Executive Order 12866
- Pages
- 20
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Read from the Federal Register API, last updated 2026-10-24. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.