{"identifier":"/us/usc/t26/s741","title":26,"num":"\u00a7\u202f741.","heading":"Recognition and character of gain or loss on sale or exchange","text":"\u00a7\u202f741.\nRecognition and character of gain or loss on sale or exchange\nIn 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).","url":"https://projectusc.org/usc/t26/s741.html","content":[{"t":"sec","id":"/us/usc/t26/s741","children":[{"t":"num","text":"\u00a7\u202f741."},{"t":"heading","text":"Recognition and character of gain or loss on sale or exchange"},{"t":"content","text":"\n","children":[{"t":"p","text":"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).","tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}