Sec. 2500.2. Disclosureof participation in a New York reportable transaction

Every taxpayer that hasparticipated in a New York reportable transaction during its taxableyear is required to disclose its participation with its tax returnfor that taxable year in the manner and form prescribed by the commissioner.The fact that a transaction is a New York reportable transaction shallnot affect the legal determination of whether the taxpayer'streatment of the transaction is proper.