26 U.S.C. § 1241 : Internal Revenue Code — Income Taxes — Normal Taxes And Surtaxes — Capital Gains And Losses — Special Rules For Determining Capital Gains And Losses — Cancellation Of Lease Or Distributor’S Agreement

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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.)
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