IRS PLR: Nuclear Decommissioning Fund Assets Will Retain Tax Basis After Transfer (IRC §468A)

The IRS has published a private letter ruling on I.R.C. §468A, confirming the nuclear decommissioning fund transfers will not trigger gain or loss recognition for transferor, transferee, or the qualified funds, and fund assets will retain their tax basis post-transfer. [PLR 202551004]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.