Internal Revenue Code · 26 U.S.C.
§ 733. Basis of distributee partner’s interest
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 733
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 2 subsections · 80 words · about 1 min to read
- Cross-references
- cites 1; cited by 2 Code sections and 7 other regulations
- Regulations
- 1 issued under this section
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.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 733
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited by 2 Code sections
- § 705(a)(2) Determination of basis of partner’s interest
- § 731(c)(5) Extent of recognition of gain or loss on distribution
Cited in 7 regulations not issued under it
- § 1.162-14 Expenditures for advertising or promotion of good will.
- § 1.170A-14 Qualified conservation contributions.
- § 1.263(b)-1 Expenditures for advertising or promotion of good will.
- § 1.705-1 Determination of basis of partner's interest.
- § 1.731-2 Partnership distributions of marketable securities.
- § 1.732-1 Basis of distributed property other than money.
- § 1.737-1 Recognition of precontribution gain.
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter K Partners and Partnerships
- Part II CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS
- Subpart B Distributions by a Partnership
Nearby sections
- § 731 Extent of recognition of gain or loss on distribution
- § 732 Basis of distributed property other than money
- § 733 Basis of distributee partner’s interest
- § 734 Adjustment to basis of undistributed partnership property where section 754 election or substantial basis reduction
- § 735 Character of gain or loss on disposition of distributed property
- § 736 Payments to a retiring partner or a deceased partner’s successor in interest
- § 737 Recognition of precontribution gain in case of certain distributions to contributing partner