§ 2634.1002 Role of the Internal Revenue Service.

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Title 5 CFR: Administrative Personnel › Chapter XVI: OFFICE OF GOVERNMENT ETHICS › Part 2634: EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE › Subpart J: Certificates of Divestiture › § 2634.1002: § 2634.1002 Role of the Internal Revenue Service.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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The Internal Revenue Service (IRS) has jurisdiction over the tax aspects of a divestiture made pursuant to a Certificate of Divestiture. Eligible persons seeking to defer capital gains:

(a) Must follow IRS requirements for reporting dispositions of property and electing under section 1043 not to recognize capital gains; and

(b) Should consult a personal tax advisor or the IRS for guidance on these matters.

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