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The Nonrecourse Financing Exception of the New Section 861 Treasury Regulations
By Bruce D. Garrison, Esq.
Winter 1988

Internal Revenue Code Section 861 contains temporary and proposed regulations affecting the rules for allocating interest expense deductions where foreign tax credits are involved. Taxpayers must follow them when allocating interest expense deductions for taxable years beginning after 1986.

<span style=\"font-weight: bold;\">The Nonrecourse Financing Exception of the New Section 861 Treasury Regulations</span><br style=\"font-weight: bold;\" /><span style=\"font-weight: bold;\">By Bruce D. Garrison, Esq.</span><br style=\"font-weight: bold;\