RP-2011-35: guidelines and estimation procedures for determining basis in stock acquired in transferred basis transactions

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IRS GuideWire

May 31, 2011

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Issue Number: RP-2011-35

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Revenue Procedure 2011-35 provides survey guidelines and estimation procedures to be used for determining basis in stock acquired in transferred basis transactions. This revenue procedure updates and expands Rev. Proc. 81-70, while at the same time it obsoletes Rev. Proc. 81-70 and Notice 2009-4 with respect to transferred basis transactions completed on or after June 20, 2011.

Revenue Procedure 2011-35 will be published in Internal Revenue Bulletin 2011-25 on June 20, 2011.

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