Oregon Statutes
§ 314.716 — Basis of partner’s interest; gain or loss on sale; election to adjust basis
Oregon § 314.716
JurisdictionOregon
Vol.8
Title 29Revenue and Taxation
Ch. 314Taxes Imposed Upon or Measured by Net Income
This text of Oregon § 314.716 (Basis of partner’s interest; gain or loss on sale; election to adjust basis) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 314.716 (2026).
Text
(1)The adjusted basis of a partner’s interest in a partnership shall be determined pursuant to the method described in sections 704(c)(1)(B)(iii), 705 and 733 of the Internal Revenue Code, and shall be increased or decreased as provided in this chapter and ORS chapter 316, 317 or 318, whichever is applicable.
(2)Upon the sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner pursuant to section 741 of the Internal Revenue Code.
(3)If a partnership elects to adjust the basis of its assets under section 754 of the Internal Revenue Code, then upon a transfer of an interest in the partnership by sale or exchange or upon a death of a partner, that election shall also be effective for Oregon income tax purposes.
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Related
Cook v. Dept. of Rev.
23 Or. Tax 107 (Oregon Tax Court, 2018)
Wiley v. Dept. of Rev.
(Oregon Tax Court, 2017)
Legislative History
1989 c.625 §36; 1991 c.457 §19
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 314.716, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/314.716.