The amount of gain or loss on the transfer of property to a spouse or former spouse shall be determined in accordance with 26 U.S.C. §1041. For interpretation of federal statutes adopted by the Alabama Legislature see Rule 180-3-1.1-.01, Operating Rules.

Author: Brenda J. Fincher, Judy A. Robbins

Statutory Authority: Code of Ala. 1975, §§40-2A-7(a)(5), 40-18-8.

History: Filed July 27, 1988; July 22, 1992; October 30, 1992. Amended: Filed September 18, 1996; effective October 23, 1996. Repealed and New Rule: Filed April 28, 1999; effective June 2, 1999.