SEC. 11. SUBMISSION OF

COMMENTS

Comment are requested on the subject matter of this notice and, additionally, on the proper treatment of a loss on the sale of a RIC or REIT share held for six months or less that is recharacterized under § 852(b)(4)(A) or § 857(b)(7) as a long-term capital loss. Taxpayers may submit comments to: CC:DOM:CORP:R (OGI–117972–97), Room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20022. Submissions may be hand delivered between the hours of 8 a.m. and 5 p.m. to: CC:DOM:CORP:R (OGI–117972–97), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC. Alternatively, taxpayers may submit comments electronically via the Internet by selecting the “Tax Regs” option of the IRS Home Page, or by submitting comments directly to the IRS Internet site at http://www.irs.ustreas.gov/prod/ tax_regs/comments.html. Comments will be available for public inspection.

SEC. 12 PAPERWORK REDUCTION ACT

The collections of information contained in this notice have been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545–1565.

8/1 to 10/31/97 gain loss net Long-term capital gain or loss

stock held 19 months 300 (150) 150 stock held 13 months 200 (100) 100 Short-term capital gain or

loss 100 0 100 11/1/97 to 7/31/98 Long-term capital gain or loss

stock held 19 months 200 (50) 150 stock held 13 months 200 (300) (100) Short-term capital gain or

loss 0 0 0