Regulations - Accounting for unrealized gain, loss on a position held before establishing a “mixed straddle” using straddle-by-straddle identification 

August 7:  A follow-up report on the temporary and proposed regulations is available in TaxNewsFlash-United States.

August 1: The Treasury Department and IRS today released for publication in the Federal Register temporary regulations (T.D. 9627) and by cross-reference, proposed regulations (REG-112815-12) as guidance for taxpayers electing to establish a “mixed straddle” using straddle-by-straddle identification.


  • The temporary regulations—T.D. 9627 [PDF 23 KB]—explain how to account for unrealized gain or loss on a position held by a taxpayer prior to the time the taxpayer establishes a “mixed straddle” using straddle-by-straddle identification.
  • The proposed regulations—REG-112815-12 [PDF 16 KB]—include information concerning requests for comments and concerning a public hearing.

Read more about the regulations in an August 2013 report [PDF 69 KB] prepared by KPMG LLP.




©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

Share this

Share this

Subscribe

Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.


Email your contact information.

TaxNewsFlash-United States by year