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Code · U.S. Code · Title 26 - INTERNAL REVENUE CODE · CHAPTER 1— NORMAL TAXES AND SURTAXES · Subchapter P— Capital Gains and Losses · § 1241

§ 1241. Cancellation of lease or distributor’s agreement

56 words·~1 min read·/usc/title-26/section-1241

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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.
(Aug. 16, 1954, ch. 736, 68A Stat. 333.)
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  • Aug. 16, 1954, ch. 736
  • 68A Stat. 333
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§ 1241
Cancellation of lease or distributor’s agreement
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 333
Cites 2Cited by 0 across 0 sources
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