# Termination of a Partnership Under Section 708(b)(1)(B)
> **IRS** · Final regulations. · Published 1997-05-09 · Effective 1997-05-09 · 62 FR 25498
## Document
- **Document number:** 97-12061
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 62 FR 25498
- **CFR reference:** 26 CFR 1
- **Publication date:** 1997-05-09
- **Effective date:** 1997-05-09
- **Treasury docket:** TD 8717
## Abstract

This document contains final regulations relating to the termination of a partnership upon the sale or exchange of 50 percent or more of the total interest in partnership capital and profits within a 12-month period. The final regulations affect all partnerships that terminate under section 708(b)(1)(B).

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/05/09/97-12061/termination-of-a-partnership-under-section-708b1b)
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