§ 733. Basis of distributee partner’s interest
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/usc/title-26/section-733A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
(Aug. 16, 1954, ch. 736, 68A Stat. 247.)
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- Aug. 16, 1954, ch. 736
- 68A Stat. 247
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§ 733
Basis of distributee partner’s interest
Stat.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 247
Cites 2Cited by 1 across 1 source