FEDERAL · 26 U.S.C. · Chapter Subchapter K—Partners and Partnerships
Basis of distributee partner's interest
26 U.S.C. § 733
Title26 — Internal Revenue Code
ChapterSubchapter K—Partners and Partnerships
PartSubpart B—Distributions by a Partnership
This text of 26 U.S.C. § 733 (Basis of distributee 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. § 733.
Text
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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Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 247.)
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Bluebook (online)
26 U.S.C. § 733, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/733.