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).
Cited in 26 Tax Court opinions, 5 orders, and 8 briefs.
Current through Pub. L. 119-102 (2026-07-12).
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