7790. Does an individual recognize any gain or loss at the time he purchases a limited interest in an oil or natural gas limited partnership?Nuco Employeercline202014-07-14T18:18:00Z2014-07-14T18:18:00Z124137Summit Business Media1116014Site Map/Investments/Oil and Gas/GenerallyTaxFactsDefaultArticle122731243-00-tf2.xml1243.00;#1912;#0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900242457EFB8B24247815D688C526CD44D009C4E67E972694125ABDA91AC61F5E51FTax Facts 2Does an individual recognize any gain or loss at the time he purchases a limited interest in an oil or natural gas limited partnership?42000.0000000000TaxFactsDefaultArticleSBMEDIA\moss-admin2010-01-14T22:57:06Z7790. Does an individual recognize any gain or loss at the time the individual purchases a limited interest in an oil or natural gas limited partnership?No.IRC Sec. 721(a); Treas. Reg. §1.721-1.