FEDERAL · 26 U.S.C. · Chapter 1
Recognition and character of gain or loss on sale or exchange
Current through Pub. L. 119-102
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).
Free access — add to your briefcase to read the full text and ask questions with AI
26 U.S.C. § 741 (Recognition and character of gain or loss on sale or exchange) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Commissioner v. Tufts
461 U.S. 300 (Supreme Court, 1983)
Norman and Arlene Rodman, Appellants-Cross-Appellees v. Commissioner of Internal Revenue, Appellee-Cross-Appellant
542 F.2d 845 (Second Circuit, 1976)
R. Timmis Ware and Catherine K. Ware v. Commissioner of Internal Revenue
906 F.2d 62 (Second Circuit, 1990)
Emory K. Crenshaw, as of the Estate of Frances Wood Wilson, Deceased v. United States
450 F.2d 472 (Fifth Circuit, 1972)
Estate of Freeland v. Commissioner
393 F.2d 573 (Ninth Circuit, 1968)
Karan v. Commissioner
319 F.2d 303 (Seventh Circuit, 1963)
M. Lloyd Freese and Dorothy M. Freese v. United States
455 F.2d 1146 (Tenth Circuit, 1972)
V. Zay Smith, and Ida Smith v. Commissioner of Internal Revenue
313 F.2d 16 (Tenth Circuit, 1963)
Harlan E. Baxter and Imogene Baxter v. Commissioner of Internal Revenue, Lovell J. Proby and Eva M. Proby v. Commissioner of Internal Revenue
433 F.2d 757 (Ninth Circuit, 1970)
Crenshaw v. United States
315 F. Supp. 814 (N.D. Georgia, 1970)
Tunnell v. United States
148 F. Supp. 689 (D. Delaware, 1957)
RB Alden Corp. v. Commonwealth
142 A.3d 169 (Commonwealth Court of Pennsylvania, 2016)
Martin v. United States
330 F. Supp. 681 (M.D. Georgia, 1971)
Estate of Eugene L. Freeland, Deceased, by Security First National Bank, a National Banking Association, and Vera Good Freeland, by L. N. Turrentine, Conservator v. Commissioner of Internal Revenue, Margaret C. Lowthian v. Commissioner of Internal Revenue
393 F.2d 573 (First Circuit, 1968)
Emory v. United States
374 F. Supp. 1051 (E.D. Tennessee, 1972)
Charles M. Emory, Jr., and Johnnie K. Emory v. United States
490 F.2d 208 (Sixth Circuit, 1974)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 248; Pub. L. 107–147, title IV, §417(12), Mar. 9, 2002, 116 Stat. 56.)
Editorial Notes
Editorial Notes
Amendments
2002—Pub. L. 107–147 struck out "which have appreciated substantially in value" after "inventory items".
Amendments
2002—Pub. L. 107–147 struck out "which have appreciated substantially in value" after "inventory items".