Rev. Rul. 88-2

1988-1 C.B. 405, 1988-2 I.R.B. 21.

                       Internal Revenue Service

                                 Revenue Ruling

                            OBSOLETE REVENUE RULINGS

                          Published: January 11, 1988

SECTION 7805. - RULES AND REGULATIONS, 26 CFR 301.7805-1: Rules and regulations.

  Obsolete revenue rulings. Rev. Ruls. 75-132 and 75-142, relating to the treatment of tenancy by the entireties income in the State of Michigan, are declared obsolete.

  Periodically, the Internal Revenue Service has obsoleted revenue rulings which, although not specifically revoked or superseded, are not considered determinative with respect to future transactions because (1) the applicable statutory provisions have been changed or repealed; (2) the ruling position is specifically covered by statute, regulations, or a subsequent published position; or (3) the facts set forth no longer exist or are not sufficient to permit application of the current statute.

  The revenue rulings listed below are hereby declared to be obsolete:

           Rev. Rul.                     No.
            75-132                  1975-1 C.B. 20
            75-142                  1975-1 C.B. 256

DRAFTING INFORMATION

  The principal author of this revenue ruling is Suzanne W. Reynolds of the Individual Tax Division. For further information regarding this revenue ruling contact Ms. Reynolds on (202) 566-8908 (not a toll-free call).

Rev. Rul. 88-2, 1988-1 C.B. 405, 1988-2 I.R.B. 21.