Rev. Rul. 86-9

1986-1 C.B. 290, 1986-4 I.R.B. 6.

OBSOLETE RULINGS

Published: January 27, 1986

Section 1032.-Exchange of Stock for Property, 26 CFR 1.1032: Disposition by a corporation of its own capital stock

  Obsolete rulings. Certain rulings involving section 1032(a) of the Code are declared obsolete with respect to options acquired or lapsing after July 18,

1984, the effective date of section 57(a) of the Tax Reform Act of 1984.

  Certain rulings involving section 1032(a) of the Internal Revenue Code are declared obsolete with respect to options acquired or lapsing after July 18,

1984, the effective date of section 57(a) of the Tax Reform Act of 1984, 1984-

3 (Vol. 1) C.B. 1, 82, which amended section 1032(a).

  Periodically, the Internal Revenue Service has declared obsolete rulings that are not considered determinative with respect to future transactions because the applicable statutory provisions have been changed or repealed.

  In accordance with this policy, the Internal Revenue Service has reviewed revenue rulings published in the Internal Revenue Bulletin regarding section

1032(a) of the Code to determine whether they are applicable to transactions after July 18, 1984, and has determined that the following revenue rulings are obsolete and are not determinative with respect to stock warrants that were acquired, or that lapse, after July 18, 1984, in tax years ending after that:

  Rev. Rul. 72-198, 1972-1 C.B. 223 Rev. Rul. 77-40, 1977-1 C.B. 248 Rev. Rul.

78-73, 1978-1 C.B. 265 Rev. Rul. 80-134, 1980-1 C.B. 187

Rev. Rul. 86-9, 1986-1 C.B. 290, 1986-4 I.R.B. 6.