<!-- TTST:[733]: TTC:[I]: TTSC:[A]: TTT:[r]: TTS:[1.733-1]: TTCP:[Basis of distributee partner's interest]: TTCI:[Reg. 1.733-1]: TTB:[1d.php?v=sr&s=1.732-3]: TTA:[1d.php?v=sr&s=1.734-1]: TTD:[6114]: -->

TREASURY REGULATIONS


Index  » Subchapter A  » Reg. 1.733-1

Reg. 1.733-1
Basis of distributee partner's interest

January 14, 2024


§ 1.732-3 « Browse » § 1.734-1

See related I.R.C. 733

Treas. Reg. § 1.733-1.  Basis of distributee partner's interest

In the case of a distribution by a partnership to a partner other than in liquidation of a partner's entire 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 by the amount of the basis to him of distributed property other than money as determined under section 732 and ยงยง 1.732-1 and 1.732-2.

 

The preliminary Code is a preliminary release of the Internal Revenue Code of 1986 (the "Code") by the Office of the Law Revision Counsel and is subject to further revision before it is released again as a final version. The source of the preliminary Code used in TouchTax is available here: https://uscode.house.gov/download/download.shtml. The Code is a consolidation and codification by subject matter of the general and permanent laws of the U.S. prepared by the Office of the Law Revision Counsel of the U.S. House of Representatives. The Treasury Regulations are a codification of the general and permanent rules published in the Federal Register by the departments and agencies of the federal government. The version of the Treasury Regulations available within TouchTax is part of the Electronic Code of Federal Regulations which is not an official legal edition of the Code of Federal Regulations but is an editorial compilation of CFR material and Federal Register amendments produced by the National Archives and Records Administration's Office of the Federal Register (OFR) and the Government Publishing Office. The source of the CFR used in TouchTax is available here: https://www.govinfo.gov/bulkdata/ECFR/title-26. Those using TouchTax for legal research should verify their results against the printed versions of the Code and Treasury Regulations. TouchTax is copyright 2024 by Com-Lab (Mobile). Learn more at http://touchtax.edrich.de.