In case of a sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner. Such recognized gain or loss shall be considered as gain or loss from the sale or exchange of a capital asset, except as otherwise provided in § 30371 of this title (relating to unrealized receivables and inventory items). History —Jan. 31, 2011, No. 1, § 1074.01, retroactive to Jan. 1, 2011.
Puerto Rico Legal Code