### Question
How does DEFINITIONS define publicly traded partnership?


### Answer
Under *26 U.S.C. § 7704*, **publicly traded partnership** is defined as:

> 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**

