26 U.S.C. § 736
Payments to a retiring partner or a deceased partner’s successor in interest
United States · Title 26 — INTERNAL REVENUE CODE · Status: effective
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- Citation
- 26 U.S.C. § 736, Payments to a retiring partner or a deceased partner’s successor in interest, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/462680
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Full text
Payments made in liquidation of the interest of a retiring partner or a deceased partner shall, except as provided in subsection (b), be considered—
Payments made in liquidation of the interest of a retiring partner or a deceased partner shall, to the extent such payments (other than payments described in paragraph (2)) are determined, under regulations prescribed by the Secretary, to be made in exchange for the interest of such partner in partnership property, be considered as a distribution by the partnership and not as a distributive share or guaranteed payment under subsection (a).
For purposes of this subsection, payments in exchange for an interest in partnership property shall not include amounts paid for—
Paragraph (2) shall apply only if—
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Tax Reform Act of 1976House: no recorded tallySenate: no recorded tally
- Revenue Act of 1978House: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1993