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SECTION 6. MONTHLY CLOSING

Internal Revenue Bulletin 2002-9 · 2026-10-03 edition · updated 2026-10-04 · United States

CONSENT

.01 Manner of Partner Effecting the Consent.

(1) An eligible partner effects a Monthly Closing Consent by providing a statement of consent to the custodian or manager of the partnership. The statement of consent should also be attached to the partner’s Form 1120RIC, U.S. Income Tax Return for Regulated Investment Companies, for the first taxable year in which the consent is effective. Failure to attach the partner’s statement of consent to the partner’s Form 1120RIC does not invalidate the partner’s consent, however.

(2) The statement of consent must be titled “STATEMENT OF CONSENT TO ELECTION UNDER REVENUE PROCEDURE 2002–16” and must include:

(a) Identification of both the consenting partner and the partnership by

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▸Contents — Internal Revenue Bulletin 2002-9
Internal Revenue Bulletin 2002-9

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