Finanse publiczne · 09/01/1995

Recognition of Gain or Loss by Contributing Partner on Distribution of Contributed Property or Other Property

This document contains proposed regulations relating to the recognition of gain or loss on certain distributions of contributed property by a partnership under section 704(c)(1)(B) of the Internal Revenue Code of 1986 (Code). This document also contains proposed regulations relating to the recognition of gain on certain distributions to a contributing partner under section 737. Changes to the applicable law were made by the Revenue Reconciliation Act of 1989 and the Energy Policy Act of 1992. The proposed regulations affect partnerships and their partners and are necessary to provide guidance for complying with the applicable tax law.