<p>IRS Issues Practice Unit on Sale of Partnership Interest</p>

IRS Issues Practice Unit on Sale of Partnership Interest

Internal Revenue Service

The IRS has released a practice unit on the sale of a partnership interest, addressing ownership changes, proper reporting of gain or loss, proper consideration of the partnership’s section 751 or section 1250 property, and section 754 elections.

<p>The IRS has released a practice unit on the sale of a partnership interest, addressing ownership changes, proper reporting of gain or loss, proper consideration of the partnership’s section 751 or section 1250 property, and section 754 elections.</p>