Home > Terms > English, UK (UE) > Section 751 property
Section 751 property
Section 751 property consists of unrealized receivables, or accounts that have not been paid, and inventory items of a partnership. If a partner transfers his interest in a partnership, the portion of the consideration he receives in exchange for Section 751 property is taxed as ordinary gain. Furthermore, certain distributions of Section 751 property to a partner give rise to taxable income, I.R.C. § 751.
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- Part of Speech: noun
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- Category: Real estate investment
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