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26 U.S.C. § 733 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 733. Basis of distributee partner's interest

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - 26 U.S.C. § 733 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 733. Basis of distributee partner's interest - last updated January 01, 2024 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-733/

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