26 U.S.C. § 722 — Basis of contributing partner’s interest
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 62 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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.
Source credit: (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.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1924
- 1984Amended · Pub. L. 98-369 · 98 Stat. 974
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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