SECTION 5. APPLICABILITY OF

SAFE HARBORS

.01 Applicability date . This revenue procedure applies to amounts described in section 3.02 of this revenue procedure that are paid on or after January 1, 2018, by a

C corporation described in section 3.01 of this revenue procedure. In addition, this revenue procedure applies to amounts described in section 4.03 of this revenue procedure that are paid on or after January 1, 2018, by a specified passthrough entity described in section 4.02 of this revenue procedure.

.02 No multiple deductions . Nothing in this revenue procedure may be construed as permitting a C corporation that applies the safe harbor in section 3.02 of this revenue procedure or a specified passthrough entity that applies the safe harbor in section 4.03 of this revenue procedure to treat the amount of any payment as deductible under more than

one provision of the Code or Treasury regulations.