qualified community partnership interest

(3)The term “qualified community partnership interest” means any capital or profits interest in a domestic partnership if— (A)such interest is acquired by the taxpayer after, and before, from the partnership solely in exchange for cash, (B)as of the time such interest was acquired, such partnership was a renewal community business (or, in the case of a new partnership, such partnership was being organized for purposes of being a renewal community business), and (C)during substantially all of the taxpayer’s holding period for such interest, such partnership qualified as a renewal community business.

Source

26 USC § 1400F(b)(3)


Scoping language

For purposes of this section
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