Par. 3. Section 1.83-6 is amended by revising the first sentence of paragraph (b) to read as follows:
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(b) Recognition of gain or loss. Except as provided in section 721 and section 1032, at the time of a transfer of property in connection with the performance of services the transferor recognizes gain to the extent that the transferor receives an amount that exceeds the transferor's basis in the property. * * *
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