IRS CORRECTS NOTICE ON DEPRECIATING EXCHANGED MACRS PROPERTY.

Announcement 2000-9

[1] This document contains a correction to Notice 2000-4 (2000-3 I.R.B. 313) in which an erroneous address was given for comments to b submitted electronically. Notice 2000-4 provides that the Internal Revenue Service and the Treasury Department intend to issue regulation under section 168 of the Internal Revenue Code (MACRS property) to address the depreciation of MACRS property acquired in section 1031 like-kind exchange or section 1033 involuntary conversion.

[2] The corrected provision reads as follows:

     Alternatively, comments may be submitted electronically via: