
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC1241]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                        Subtitle A--Income Taxes
 
                  CHAPTER 1--NORMAL TAXES AND SURTAXES
 
                 Subchapter P--Capital Gains and Losses
 
     PART IV--SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES
 
Sec. 1241. Cancellation of lease or distributor's agreement

    Amounts received by a lessee for the cancellation of a lease, or by 
a distributor of goods for the cancellation of a distributor's agreement 
(if the distributor has a substantial capital investment in the 
distributorship), shall be considered as amounts received in exchange 
for such lease or agreement.

(Aug. 16, 1954, ch. 736, 68A Stat. 333.)
