FEDERAL · 26 U.S.C. · Chapter Subchapter P—Capital Gains and Losses
Cancellation of lease or distributor's agreement
26 U.S.C. § 1241
This text of 26 U.S.C. § 1241 (Cancellation of lease or distributor's agreement) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 1241.
Text
Amounts received by a lessee for the cancellation of a lease, or by a distributor of goods for the cancellation of a distributor's agreement (if the distributor has a substantial capital investment in the distributorship), shall be considered as amounts received in exchange for such lease or agreement.
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Related
Commissioner of Internal Revenue v. José Ferrer
304 F.2d 125 (Second Circuit, 1962)
Commissioner of Internal Revenue v. The Pittston Company
252 F.2d 344 (Second Circuit, 1958)
Casas Office MacHines, Inc. v. Mita Copystar America, Inc.
961 F. Supp. 353 (D. Puerto Rico, 1997)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 333.)
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Bluebook (online)
26 U.S.C. § 1241, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/1241.