61 Pa. Code § 107.5
Current through Register Vol. 54, No. 45, November 9, 2024
The transfer of cash or property to a partner or member of a partnership or association in liquidation of his interest therein shall give rise to gain or loss to the extent of the difference between the cash and fair market value of other property received and the base of the partner or member for his partnership or association interest immediately before the distribution.
61 Pa. Code § 107.5