26 U.S.C. § 6240
Section 6240 · Application of subchapter
Amended 1 time on record
This subchapter shall only apply to electing large partnerships and partners in such partnerships.
(1) In general
Subchapter C of this chapter shall not apply to any electing large partnership other than in its capacity as a partner in another partnership which is not an electing large partnership.
(2) Treatment where partner in other partnership
If an electing large partnership is a partner in another partnership which is not an electing large partnership—
(A) subchapter C of this chapter shall apply to items of such electing large partnership which are partnership items with respect to such other partnership, but
(B) any adjustment under such subchapter C shall be taken into account in the manner provided by section 6242.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Effective Date
Subchapter applicable to partnership taxable years ending on or after Dec. 31, 1997, see section 1226 of Pub. L. 105–34, set out as an Effective Date of 1997 Amendment note under section 6011 of this title.