Notice 2026-54 extends replacement period for livestock sales driven by drought

IRS GuideWire

September 15, 2026

Issue Number: Notice 2026-54

Inside This Issue

Notice 2026-54 explains the circumstances under which the four-year replacement period under section 1033(e)(2) is extended for livestock sold on account of drought. The Appendix to this notice contains a list of counties that experienced exceptional, extreme, or severe drought conditions during the 12-month period ending August 31, 2026. Taxpayers may use this list to determine if an extension is available.

Notice 2026-54 will be in IRB: 2026-42, dated: October 13, 2026.

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