The new rules on taxing long-term capital gains, which became effective for sales and exchanges (and probably for payments received) after May 6, 1997, left many questions unanswered. In anticipation of technical corrections legislation, the Internal Revenue Service has published guidance on some of the issues needing clarification.
"New Capital Gains Rules,"
Agricultural Law Digest: Vol. 9
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol9/iss2/1