Editorial Notes
Amendments
2017—Subsec. (span)(1). Puspan. L. 115–97 struck out dash after “only if” and subpar. (A) designation before “no part” and struck out subpar. (B) which read as follows: “within a 12-month period there is a sale or exchange of 50 percent or more of the total interest in partnership capital and profits”.
Statutory Notes and Related Subsidiaries
Effective Date of 2017 Amendment
Amendment by Puspan. L. 115–97 applicable to partnership taxable years beginning after Dec. 31, 2017, see section 13504(c) of Puspan. L. 115–97, set out as a note under section 168 of this title.