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gain on

   Also found in: Dictionary/thesaurus 0.02 sec.
gain on someone or something
to begin to catch up or move ahead of someone or something. We were gaining on them when they suddenly sped up. Our horse was gaining on the horse in front.
See also: gain


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707(b)(2)(B) states that gain on the sale of property between two related partnerships results in ordinary income if the property is ordinary income property in the hands of the purchasing partnership.
In the event of such a transfer, the ten-year recognition period for any built-in gain on the transferred assets begins on the date of the transfer.
 
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