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US Code · Through Public Law 119-103 (09/02/2026)

26 U.S.C. § 1241: Cancellation of lease or distributor’s agreement

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Where this section sits in the code
  1. Title 26—INTERNAL REVENUE CODE
  2. CHAPTER 1—NORMAL TAXES AND SURTAXES

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.

Collected 2026-09-10T05:58:25Z. Source file · JSON

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