inventory item
Defined in 1 place of the United States Code.
The term “inventory item” has the meaning given such term by section 751(d)(2) (determined by treating any reference to the partnership as referring to the partner and by applying section 1231 without regard to any holding period therein provided).
Source
- 1994–199726 U.S.C. § 724Internal Revenue Code · Character of gain or loss on contributed unrealized receivables, inventory items, and capital loss property · for purposes of this section
The term “inventory item” has the meaning given such term by section 751(d) (determined by treating any reference to the partnership as referring to the partner and by applying section 1231 without regard to any holding period therein provided).
Source
- 1997–present26 U.S.C. § 724Internal Revenue Code · Character of gain or loss on contributed unrealized receivables, inventory items, and capital loss property · for purposes of this section