26 U.S.C. § 722
Basis of contributing partner’s interest
The basis of an interest in a partnership acquired by a contribution of property, including money, to the partnership shall be the amount of such money and the adjusted basis of such property to the contributing partner at the time of the contribution increased by the amount (if any) of gain recognized under section 721(b) to the contributing partner at such time.
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Cited by 11
- 26 CFR § 1.1032-3 — Disposition of stock or stock options in certain transactions not qualifying under any other nonrecognition provision.
- 26 CFR § 1.1502-35 — Transfers of subsidiary stock and deconsolidations of subsidiaries.
- 26 CFR § 1.460-4 — Methods of accounting for long-term contracts.
- 26 CFR § 1.705-1 — Determination of basis of partner's interest.
- 26 CFR § 1.742-1 — Basis of transferee partner's interest.
- 26 CFR § 1.752-7 — Partnership assumption of partner's § 1.752-7 liability on or after June 24, 2003.
- 26 CFR § 1.865-2 — Loss with respect to stock.
- 26 CFR § 1.955A-2 — Amount of a controlled foreign corporation's qualified investments in foreign base company shipping operations.
- 26 CFR § 301.6105-1 — Compilation of relief from excess profits tax cases.
- 26 CFR § 301.6241-7 — Treatment of special enforcement matters.
- 26 U.S.C. § 705 — Determination of basis of partner’s interest
Nearby sections (25 sections)
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- 702 · Income and credits of partner
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- 704 · Partner’s distributive share
- 705 · Determination of basis of partner’s interest
- 706 · Taxable years of partner and partnership
- 707 · Transactions between partner and partnership
- 708 · Continuation of partnership
- 709 · Treatment of organization and syndication fees
- 721 · Nonrecognition of gain or loss on contribution
- 722 · Basis of contributing partner’s interest
- 723 · Basis of property contributed to partnership
- 724 · Character of gain or loss on contributed unrealized receivables,…
- 731 · Extent of recognition of gain or loss on distribution
- 732 · Basis of distributed property other than money
- 733 · Basis of distributee partner’s interest
- 734 · Adjustment to basis of undistributed partnership property where…
- 735 · Character of gain or loss on disposition of distributed property
- 736 · Payments to a retiring partner or a deceased partner’s successor…
- 737 · Recognition of precontribution gain in case of certain…
- 741 · Recognition and character of gain or loss on sale or exchange
- 742 · Basis of transferee partner’s interest
- 743 · Special rules where section 754 election or substantial built-in…