§1239. Gain from sale of depreciable property between certain related taxpayers — Inbound Citations

Citations to §1239(b)

• 26 U.S.C. § 453(g)(3)

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  (3) For purposes of this subsection, the term “related persons” has the meaning given to such term by section 1239(b), except that such term shall include 2 or more partnerships having a relationship to each other described in section 707(b)(1)(B).
• 26 U.S.C. § 453(h)(1)(C)

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  (C) If the obligor of any installment obligation and the shareholder are married to each other or are related persons (within the meaning of section 1239(b)), to the extent such installment obligation is attributable to the disposition by the corporation of depreciable property—

  (i) subparagraph (A) shall not apply to such obligation, and

  (ii) for purposes of this title, all payments to be received by the shareholder shall be deemed received in the year the shareholder receives the obligation.