unrealized receivables
Defined in 1 place of the United States Code.
For purposes of this subchapter, the term "unrealized receivables" includes, to the extent not previously includible in income under the method of accounting used by the partnership, any rights (contractual or otherwise) to payment for—
Source
- 1994–present26 U.S.C. § 751Internal Revenue Code · Unrealized receivables and inventory items · for purposes of this subchapter
For purposes of this subchapter, the term “unrealized receivables” includes, to the extent not previously includible in income under the method of accounting used by the partnership, any rights (contractual or otherwise) to payment for—
(1) goods delivered, or to be delivered, to the extent the proceeds therefrom would be treated as amounts received from the sale or exchange of property other than a capital asset, or
(2) services rendered, or to be rendered.
Source
- 2013–201826 U.S.C. § 751Internal Revenue Code · Unrealized receivables and inventory items · for purposes of this subchapter