IRS issues additional guidance on 1446(f)

Kirsty Pitkin

December 22, 2022|1 Minute

The IRS has issued additional guidance relating to transfers of PTP interests under Section 1446(f).

Notice 2023-08 describes the IRS response to industry requests for clarification around issues such as how to identify a PTP that is subject to Section 1446(f) and how to handle short sales of PTP interests.

You can read Notice 2023-08 in full at

Kirsty Pitkin

Kirsty is the CEO of TConsult Ltd.

Kirsty is passionate about communicating in simple, accessible language that everyone can understand. She specialises in translating complex tax technical documents into a form that allows financial institutions to make more informed compliance decisions.