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Part II. Termination Event

Instruction 8865 — Instructions for Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships · 2026-10-03 edition · updated 2026-10-04 · United States

A termination event causes the gain deferral method to no longer apply for the affected section 721(c) property on a property-by-property basis. Regulations section 1.721(c)-5(b) identifies the termination events.

Column (b). Provide a description of the termination event, including the citation to the relevant paragraph in Regulations section 1.721(c)-5(b). See Regulations section 1.721(c)-6(b)(3)(v). Use Part VI if additional space is needed to describe the transaction.

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▸Contents — Instruction 8865 — Instructions for Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships
Instruction 8865 — Instructions for Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships

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