{"data":{"id":"us/26-u.s.c.-741","jurisdiction":"us","citation":"26 U.S.C. § 741","heading":"Recognition and character of gain or loss on sale or exchange","body":"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).","path":["Title 26—INTERNAL REVENUE CODE","CHAPTER 1—NORMAL TAXES AND SURTAXES"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc26@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:58:25Z","sha256":"095eff12cf8f0ad2c02634383b057e1f94f67f5a59a08a6488cfe34b5dfdf8d2","source_id":"us","stale":false,"prev":"us/26-u.s.c.-737","next":"us/26-u.s.c.-742"},"notice":"GroundRules: Original legal text. Not legal advice."}