26 U.S.C. § 733 — Basis of distributee partner’s interest
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 71 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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—
the amount of any money distributed to such partner, and
the amount of the basis to such partner of distributed property other than money, as determined under section 732.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 247.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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