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2018 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes
Subchapter K - Partners and Partnerships
Part II - Contributions, Distributions, and Transfers
Subpart C - Transfers of Interests in a Partnership
Sec. 741 - Recognition and character of gain or loss on sale or exchange
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26 U.S.C. § 741 (2018) |
§741. Recognition and character of gain or loss on sale or exchange |
In the case of a sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner. Such gain or loss shall be considered as gain or loss from the sale or exchange of a capital asset, except as otherwise provided in section 751 (relating to unrealized receivables and inventory items). |
(Aug. 16, 1954, ch. 736, 68A Stat. 248; Pub. L. 107–147, title IV, §417(12), Mar. 9, 2002, 116 Stat. 56.) |
AMENDMENTS
2002—Pub. L. 107–147 struck out "which have appreciated substantially in value" after "inventory items". |
United States Code, 2018 Edition, Title 26 - INTERNAL REVENUE CODE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter K - Partners and Partnerships PART II - CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS Subpart C - Transfers of Interests in a Partnership Sec. 741 - Recognition and character of gain or loss on sale or exchange |
section 741 |
2018 |
January 14, 2019 |
No |
standard |
116 Stat. 56 |
Public Law 107-147 |
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