# Prop. Treas. Reg. § 1.1231-1: Gains and losses from the sale or exchange of certain property used in the trade or business.

Proposed regulation, not in force. REG-151416-06, 79 FR 65151, published 2014-11-03 <https://www.federalregister.gov/documents/2014/11/03/2014-25487/certain-distributions-treated-as-sales-or-exchanges>. Interprets 26 U.S.C. § 1231.

Par. 10. Section 1.1231-1 is amended by adding a new sentence after the third sentence in the introductory text of paragraph (d) to read as follows:

* * * * *

(d) * * * See also §§ 1.732-1(c)(2)(iv) and 1.755-1(c)(2)(iv) for rules governing the application of section 1231 to partnership property in situations in which the basis of the property is increased under section 732 or 734(b). * * *

* * * * *