FEDERAL · 26 U.S.C. · Chapter Subchapter K—Partners and Partnerships
Basis of contributing partner's interest
26 U.S.C. § 722
Title26 — Internal Revenue Code
ChapterSubchapter K—Partners and Partnerships
PartSubpart A—Contributions to a Partnership
This text of 26 U.S.C. § 722 (Basis of contributing partner's interest) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 722.
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
United States v. Woods
134 S. Ct. 557 (Supreme Court, 2013)
Marriott International Resorts, L.P. v. United States
586 F.3d 962 (Federal Circuit, 2009)
Arkansas Motor Coaches, Limited, Inc. v. Commissioner of Internal Revenue
198 F.2d 189 (Eighth Circuit, 1952)
Superior Trading, LLC v. Commissioner
728 F.3d 676 (Seventh Circuit, 2013)
Southgate Master Fund, L.L.C. Ex Rel. Montgomery Capital Advisors, LLC v. United States
659 F.3d 466 (Fifth Circuit, 2011)
United States v. Koppers Co.
348 U.S. 254 (Supreme Court, 1955)
Reo Motors, Inc. v. Commissioner of Internal Revenue
219 F.2d 610 (Sixth Circuit, 1955)
Central Paper Co. v. Commissioner of Internal Revenue
199 F.2d 902 (Sixth Circuit, 1952)
H. Fendrich, Inc. v. Commissioner of Internal Revenue
192 F.2d 916 (Seventh Circuit, 1951)
Packer Pub. Co. v. Commissioner of Internal Revenue
211 F.2d 612 (Eighth Circuit, 1954)
Urban Hotel Development Co. v. President Development Group, L.C.
535 F.3d 874 (Eighth Circuit, 2008)
Koppers Company v. United States
134 F. Supp. 290 (Court of Claims, 1955)
Commissioner of Internal Revenue v. The S. Frieder & Sons Company
228 F.2d 478 (Third Circuit, 1955)
Bemont Investments, L.L.C. Ex Rel. Tax Matters Partner v. United States
679 F.3d 339 (Fifth Circuit, 2012)
Commissioner of Internal Revenue v. Smith Paper, Inc.
222 F.2d 126 (First Circuit, 1955)
A B C Brewing Corporation (Formerly Aztec Brewing Co.), a Corporation v. Commissioner of Internal Revenue
224 F.2d 483 (Ninth Circuit, 1955)
Rodgers v. United States
108 F. Supp. 727 (Court of Claims, 1952)
United States v. Kingman
170 F.2d 408 (Fifth Circuit, 1948)
Martin Weiner Corporation (Formerly Wohl Fabrics Co.) v. Commissioner of Internal Revenue
223 F.2d 444 (Second Circuit, 1955)
Willys-Overland Motors, Inc. v. Commissioner of Internal Revenue
219 F.2d 251 (Sixth Circuit, 1955)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 245; Pub. L. 94–455, title XXI, §2131(c), Oct. 4, 1976, 90 Stat. 1924; Pub. L. 98–369, div. A, title VII, §722(f)(1), July 18, 1984, 98 Stat. 974.)
Editorial Notes
Editorial Notes
Amendments
1984—Pub. L. 98–369 inserted "under section 721(b)" after "gain recognized".
1976—Pub. L. 94–455 inserted "increased by the amount (if any) of gain recognized to the contributing partner at such time" after "at the time of the contribution".
Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment
Pub. L. 98–369, div. A, title VII, §722(f)(2), July 18, 1984, 98 Stat. 974, provided that: "The amendments made by paragraph (1) [amending this section and section 723 of this title] shall take effect as if included in the amendments made by section 2131 of the Tax Reform Act of 1976 [Pub. L. 94–455]."
Effective Date of 1976 Amendment
For effective date of amendment made by Pub. L. 94–455, see section 2131(f)(3)–(5) of Pub. L. 94–455, set out as a note under section 721 of this title.
Amendments
1984—Pub. L. 98–369 inserted "under section 721(b)" after "gain recognized".
1976—Pub. L. 94–455 inserted "increased by the amount (if any) of gain recognized to the contributing partner at such time" after "at the time of the contribution".
Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment
Pub. L. 98–369, div. A, title VII, §722(f)(2), July 18, 1984, 98 Stat. 974, provided that: "The amendments made by paragraph (1) [amending this section and section 723 of this title] shall take effect as if included in the amendments made by section 2131 of the Tax Reform Act of 1976 [Pub. L. 94–455]."
Effective Date of 1976 Amendment
For effective date of amendment made by Pub. L. 94–455, see section 2131(f)(3)–(5) of Pub. L. 94–455, set out as a note under section 721 of this title.
Cite This Page — Counsel Stack
Bluebook (online)
26 U.S.C. § 722, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/722.