Bulletin No. 2001–13 — Internal Revenue Bulletin 2001-13

REG–105801–00, page 965. Proposed regulations under section 263(g) of the Code provide guidance on capitalization of interest and carrying charges that are properly allocable to personal property that is part of a straddle. An amendment to section 1.1092(d)–1 is also proposed to clarify the status of contingent payment debt instruments. A public hearing is scheduled for May 22, 2001.

REG–107175–00, page 971. Proposed regulations under section 1031 of the Code will affect the eligibility of certain persons to serve as escrow holders of qualified escrow accounts, trustees of qualified trusts, or as qualified intermediaries. The proposed regulations amend the regulation defining a disqualified person for like-kind exchanges to take into account changes in the banking industry brought about by the enactment of the Gramm-Leach-Bliley Act in 1999. A public hearing is scheduled for June 5, 2001.

Notice 2001–27, page 942. Dealer in securities futures contracts. This notice solicits comments on the criteria that should be used to determine whether a taxpayer is a “dealer” in securities futures contracts (or options on such contracts) for purposes of section 1256(g)(9)(B) of the Code.