RR-2018-03, property under section 199

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December 21, 2017

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Issue Number: RR-2018-03

Inside This Issue

Revenue Ruling 2018-03 clarifies that a package of films (for example, a television channel) disposed of by a taxpayer in the normal course of business as one property may be an item under section 1.199-3(d)(1)(i) for determining the domestic production activities deduction under section 199.

Revenue Ruling 2018-03 will be in IRB 2018-02, dated January 8, 2018.

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