Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 733
Basis of distributee partner's interest
Official textgovinfo.govlast amended
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—
# (1)
the amount of any money distributed to such partner, and
# (2)
the amount of the basis to such partner of distributed property other than money, as determined under section 732.
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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