26 CFR § 1.818-7
Denial of double deductions
June 25, 2020
Section 818(f) provides that the same item may not be deducted more than once under subpart B, part I, subchapter L, chapter 1 of the Code (relating to the determination of taxable investment income), and more than once under subpart C, part I, subchapter L, chapter 1 of the Code (relating to the determination of gain or loss from operations).
[T.D. 6558, 26 FR 2790, Apr. 4, 1961]
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