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.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Real estate investment
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Red-shafted Northern Flicker
The Red-shafted Northern Flicker (Colaptes auratus) is a medium-sized member of the woodpecker family. Native to western North America, it's one of ...
Contributor
Featured blossaries
Browers Terms By Category
- Manufactured fibers(1805)
- Fabric(212)
- Sewing(201)
- Fibers & stitching(53)
Textiles(2271) Terms
- Skin care(179)
- Cosmetic surgery(114)
- Hair style(61)
- Breast implant(58)
- Cosmetic products(5)
Beauty(417) Terms
- Osteopathy(423)
- Acupuncture(18)
- Alternative psychotherapy(17)
- Ayurveda(9)
- Homeopathy(7)
- Naturopathy(3)
Alternative therapy(489) Terms
- Dating(35)
- Romantic love(13)
- Platonic love(2)
- Family love(1)
Love(51) Terms
- American culture(1308)
- Popular culture(211)
- General culture(150)
- People(80)