---
kind: "section"
citation: "26 U.S.C. § 6050K"
title: "26"
title_heading: "Internal Revenue Code"
number: "6050K"
heading: "Returns relating to exchanges of certain partnership interests"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/6050K"
units:
  - "Subtitle F — Procedure and Administration"
  - "Chapter 61 — Information and Returns"
  - "Subchapter A — Returns and Records"
  - "Part III — Information Returns"
  - "Subpart B — Information Concerning Transactions With Other Persons"
---

# §6050K. Returns relating to exchanges of certain partnership interests

- (a) **In general—** Except as provided in regulations prescribed by the [Secretary](/usc/26/7701.md?p=a-11-B), if there is an exchange described in [section 751(a)](/usc/26/751.md?p=a) of any interest in a [partnership](/usc/26/7701.md?p=a-2) during any calendar year, such [partnership](/usc/26/7701.md?p=a-2) shall make a return for such calendar year stating—
  - (1) the name and address of the transferee and transferor in such exchange, and
  - (2) such other information as the [Secretary](/usc/26/7701.md?p=a-11-B) may by regulations prescribe.

  Such return shall be made at such time and in such manner as the [Secretary](/usc/26/7701.md?p=a-11-B) may require by regulations.

- (b) **Statements to be furnished to transferor and transferee—** Every [partnership](/usc/26/7701.md?p=a-2) required to make a return under [subsection (a)](#a) shall furnish to each [person](/usc/26/7701.md?p=a-1) whose name is required to be set forth in such return a written statement showing—
  - (1) the name, address, and phone number of the information contact of the [partnership](/usc/26/7701.md?p=a-2) required to make such return, and
  - (2) the information required to be shown on the return with respect to such [person](/usc/26/7701.md?p=a-1).

  The written statement required under the preceding sentence shall be furnished to the [person](/usc/26/7701.md?p=a-1) on or before January 31 of the year following the calendar year for which the return under [subsection (a)](#a) was required to be made.

- (c) **Requirement that transferor notify partnership—**
  - (1) **In general—** In the case of any exchange described in [subsection (a)](#a), the transferor of the [partnership](/usc/26/7701.md?p=a-2) interest shall promptly notify the [partnership](/usc/26/7701.md?p=a-2) of such exchange.
  - (2) **Partnership not required to make return until notice—** A [partnership](/usc/26/7701.md?p=a-2) shall not be required to make a return under this section with respect to any exchange until the [partnership](/usc/26/7701.md?p=a-2) is notified of such exchange.

## Source credit

(Added Pub. L. 98–369, div. A, title I, § 149(a), July 18, 1984, 98 Stat. 689; amended Pub. L. 99–514, title XV, § 1501(c)(13), title XVIII, § 1811(b)(2), Oct. 22, 1986, 100 Stat. 2739, 2833; Pub. L. 104–168, title XII, § 1201(a)(11), July 30, 1996, 110 Stat. 1470.)

## Notes

### Editorial Notes

### Amendments

1996—Subsec. (b)(1). Pub. L. 104–168 substituted “name, address, and phone number of the information contact” for “name and address”.

1986—Subsec. (b). Pub. L. 99–514, § 1501(c)(13), in amending subsec. (b) generally, substituted references to partnerships required to make a return for former references to partnerships making a return and references to persons whose name is required to be set forth for former references to persons whose name is set forth.

Subsec. (c)(2). Pub. L. 99–514, § 1811(b)(2), substituted “this section” for “this subsection”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1996 Amendment

Amendment by Pub. L. 104–168 applicable to statements required to be furnished after Dec. 31, 1996 (determined without regard to any extension), see section 1201(b) of Pub. L. 104–168, set out as a note under section 6041 of this title.

### Effective Date of 1986 Amendment

Amendment by section 1501(c)(13) of Pub. L. 99–514 applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) of Pub. L. 99–514, set out as an Effective Date note under section 6721 of this title.

Amendment by section 1811(b)(2) of Pub. L. 99–514 applicable to partnership taxable years beginning after Oct. 22, 1986, see section 1811(b)(1)(B) of Pub. L. 99–514, set out as a note under section 6031 of this title.

Amendment by section 1811(b)(2) of Pub. L. 99–514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L. 98–369, div. A, to which such amendment relates, see section 1881 of Pub. L. 99–514, set out as a note under section 48 of this title.

### Effective Date

Pub. L. 98–369, div. A, title I, § 149(d), July 18, 1984, 98 Stat. 690, provided that: “The amendments made by this section [enacting this section and amending sections 6652 and 6678 of this title] shall apply with respect to exchanges after December 31, 1984.”

### Plan Amendments Not Required Until January 1, 1989

For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Pub. L. 99–514 require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Pub. L. 99–514, as amended, set out as a note under section 401 of this title.