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SECTION 1. PURPOSE

Internal Revenue Bulletin 2003-48 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure allows certain partnerships that invest in tax-exempt obligations to make an election that enables the partners to take into account monthly the inclusions required under §§ 702 and

707(c) of the Internal Revenue Code and provides rules for partnership income tax reporting under § 6031 for such partnerships.

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▸Contents — Internal Revenue Bulletin 2003-48
Internal Revenue Bulletin 2003-48

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