### Question
What is the definition of publicly traded partnership?


### Answer
The definition of **publicly traded partnership** is as follows in *26 U.S.C. § 7704*:

> any partnership if—


(1) interests in such partnership are traded on an established securities market, or


(2) interests in such partnership are readily tradable on a secondary market (or the substantial equivalent thereof)

#### Citation:
  - *26 U.S.C. § 7704*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

