Distribution or sale.

(3) Distribution or sale. The term distribution or sale means the sale or exchange of minerals or primary products to processors, users who purchase, store, or use in bulk quantities, other persons for further distribution, retailers, or consumers. Gross income from distribution or sale includes interest income attributable to the distribution of minerals or primary products on credit.

Source

26 CFR § 1.907(c)-1


Scoping language

None
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