# § 6050K. Returns relating to exchanges of certain partnership interests
**(a)** **In general** Except as provided in regulations prescribed by the Secretary, if there is an exchange described in section 751(a) of any interest in a partnership during any calendar year, such partnership shall make a return for such calendar year stating—
Such return shall be made at such time and in such manner as the Secretary may require by regulations.
**(1)** the name and address of the transferee and transferor in such exchange, and
**(2)** such other information as the Secretary may by regulations prescribe.
**(b)** **Statements to be furnished to transferor and transferee** Every partnership required to make a return under subsection (a) shall furnish to each person whose name is required to be set forth in such return a written statement showing—
The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was required to be made.
**(1)** the name, address, and phone number of the information contact of the partnership required to make such return, and
**(2)** the information required to be shown on the return with respect to such person.
**(c)** **Requirement that transferor notify partnership**
**(1)** **In general** In the case of any exchange described in subsection (a), the transferor of the partnership interest shall promptly notify the partnership of such exchange.
**(2)** **Partnership not required to make return until notice** A partnership shall not be required to make a return under this section with respect to any exchange until the partnership is notified of such exchange.
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**Source Credit**: (Added Pub. L. 98–369, div. A, title I, § 149(a), July 18, 1984, 98 Stat. 689; amended Pub. L. 99–514, title XV, § 1501(c)(13), title XVIII, § 1811(b)(2), Oct. 22, 1986, 100 Stat. 2739, 2833; Pub. L. 104–168, title XII, § 1201(a)(11), July 30, 1996, 110 Stat. 1470.)
## Editorial Notes
### Amendments
1996—Subsec. (b)(1). substituted “name, address, and phone number of the information contact” for “name and address”.
1986—Subsec. (b). , in amending subsec. (b) generally, substituted references to partnerships required to make a return for former references to partnerships making a return and references to persons whose name is required to be set forth for former references to persons whose name is set forth.
Subsec. (c)(2). , substituted “this section” for “this subsection”.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1996 Amendment
Amendment by applicable to statements required to be furnished after (determined without regard to any extension), see , set out as a note under .
### Effective Date of 1986 Amendment
Amendment by applicable to returns the due date for which (determined without regard to extensions) is after , see , set out as an Effective Date note under .
Amendment by applicable to partnership taxable years beginning after , see , set out as a note under .
Amendment by effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, , to which such amendment relates, see , set out as a note under .
### Effective Date
> “The amendments made by this section [enacting this section and amending sections 6652 and 6678 of this title] shall apply with respect to exchanges after
>
> .”
, , , provided that:
### Plan Amendments Not Required Until January 1, 1989
For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after , see , as amended, set out as a note under .