26 U.S.C. § 733
Basis of distributee partner’s interest
In the case of a distribution by a partnership to a partner other than in liquidation of a partner’s interest, the adjusted basis to such partner of his interest in the partnership shall be reduced (but not below zero) by—
the amount of any money distributed to such partner, and
the amount of the basis to such partner of distributed property other than money, as determined under section 732.
Source: view the official text
Cited by 10
- 26 CFR § 1.162-14 — Expenditures for advertising or promotion of good will.
- 26 CFR § 1.263(b)-1 — Expenditures for advertising or promotion of good will.
- 26 CFR § 1.705-1 — Determination of basis of partner's interest.
- 26 CFR § 1.731-2 — Partnership distributions of marketable securities.
- 26 CFR § 1.732-1 — Basis of distributed property other than money.
- 26 CFR § 1.737-1 — Recognition of precontribution gain.
- 26 CFR § 1.737-3 — Basis adjustments; Recovery rules.
- 26 CFR § 1.737-4 — Anti-abuse rule.
- 26 U.S.C. § 705 — Determination of basis of partner’s interest
- 26 U.S.C. § 731 — Extent of recognition of gain or loss on distribution
Nearby sections (25 sections)
- 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…
- 751 · Unrealized receivables and inventory items
- 752 · Treatment of certain liabilities
- 753 · Partner receiving income in respect of decedent
- 754 · Manner of electing optional adjustment to basis of partnership…
- 755 · Rules for allocation of basis