§ 1.195-2. Technical termination of a partnership.
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/us/cfr/t26/s§ 1.195-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general. If a partnership that has elected to amortize start-up expenditures under section 195(b) and § 1.195-1 terminates in a transaction (or a series of transactions) described in section 708(b)(1)(B) or § 1.708-1(b)(2), the termination shall not be treated as resulting in a disposition of the partnership's trade or business for purposes of section 195(b)(2). See § 1.708-1(b)(6) for rules concerning the treatment of these start-up expenditures by the new partnership.
(b)Effective/applicability date. This section applies to a technical termination of a partnership under section 708(b)(1)(B) that occurs on or after December 9, 2013. [T.D. 9681, 79 FR 42679, July 23, 2014]
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§ 1.195-2
Technical termination of a partnership.
Treas. Dec.T.D. 9681
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