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26 U.S.C. § 1241 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 1241. Cancellation of lease or distributor's agreement

Current as of January 01, 2024 | Updated by Findlaw Staff

Amounts received by a lessee for the cancellation of a lease, or by a distributor of goods for the cancellation of a distributor's agreement (if the distributor has a substantial capital investment in the distributorship), shall be considered as amounts received in exchange for such lease or agreement.

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Cite this article: FindLaw.com - 26 U.S.C. § 1241 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 1241. Cancellation of lease or distributor's agreement - last updated January 01, 2024 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-1241/

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