(a)-(b) [Reserved]

(c)

(1) through (2) [Reserved]

(3) Allocation of debt deemed transferred to a partner pursuant to regulations under section 385. For a special rule regarding the allocation of a partnership liability that is a debt instrument with respect to which there is one or more deemed transferred receivables within the meaning of §1.385-3T(g)(8), see §1.385-3T(f)(4)(vi).

(d) through (k) [Reserved]

(l)

(1) through (3)[Reserved]

(4) Paragraph (c)(3) of this section applies on or after January 19, 2017.

(m) Expiration date—(1) [Reserved]

(2) Paragraphs (c)(3) and (l)(4) of this section expire on October 13, 2019.

[T.D. 9788, 81 FR 69288, Oct. 5, 2016, as amended by T.D. 9790, 81 FR 72984, Oct. 21, 2016; 82 FR 8169, Jan. 24, 2107; T.D. 9877, 84 FR 54026, Oct. 9, 2019]