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Rev. Rul. 77-467 - Redemption With Waiver of Family Attribution & Rental of Real Estate

2024-11-07

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Today we published a chart of Rev. Rul. 77-467.

Rev. Rul. 77-467 concludes that a redeemed shareholder’s rental of an office building to the corporation did not create a prohibited interest under Code §302(c)(2)(A)(i). A prohibited interest would prevent waiver of the family attribution rules under Code §302(c).

We also updated our flowchart of Code §302 on Tax-Charts.com.

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