# Partnership Transactions Involving Long-Term Contracts
> **IRS** · Final regulations. · Published 2004-07-16 · Effective 2004-07-16 · 69 FR 42551
## Document
- **Document number:** 04-15833
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 69 FR 42551
- **CFR reference:** 26 CFR 1
- **Publication date:** 2004-07-16
- **Effective date:** 2004-07-16
- **Treasury docket:** TD 9137
## Abstract

This document contains final regulations relating to partnership transactions involving contracts accounted for under a long-term contract method of accounting. The regulations are necessary to resolve issues that were reserved in final regulations under section 460 that were published in the Federal Register on May 15, 2002, addressing other mid-contract changes in taxpayer engaged in completing such contracts. The effect of the regulations is to explain the tax consequences of these partnership transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/07/16/04-15833/partnership-transactions-involving-long-term-contracts)
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