Internal Revenue Code · 26 U.S.C.
§ 755. Rules for allocation of basis
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. § 755
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Enacted
- October 4, 1976 by Pub. L. 94–455
- Last amended
- October 22, 2004 by Pub. L. 108–357
- Amendments
- 1 dated changes in the source credit
- Length
- 3 subsections · 405 words · about 2 min to read
- Cross-references
- cites 5; cited by 5 Code sections and 7 other regulations
- Regulations
- 1 issued under this section
(Aug. 16, 1954, ch. 736, 68A Stat. 252; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 108–357, title VIII, § 834(a), Oct. 22, 2004, 118 Stat. 1592.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 755
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 5 other sections
- § 734(b) Adjustment to basis of undistributed partnership property where section 754 election or substantial basis reduction
- § 743(b) Special rules where section 754 election or substantial built-in loss
- § 1231(b) Property used in the trade or business and involuntary conversions
- § 267(b) Losses, expenses, and interest with respect to transactions between related taxpayers
- § 707(b)(1) Transactions between partner and partnership
Cited by 5 Code sections
- § 170(h)(7)(B)(i) Charitable, etc., contributions and gifts
- § 706(d)(2)(D)(ii) Taxable years of partner and partnership
- § 734(c) Adjustment to basis of undistributed partnership property where section 754 election or substantial basis reduction
- § 743(c) Special rules where section 754 election or substantial built-in loss
- § 1060(d)(1) Special allocation rules for certain asset acquisitions
Cited in 7 regulations not issued under it
- § 1.168(k)-2 Additional first year depreciation deduction for property acquired and placed in service after September 27, 2017.
- § 1.334-1 Basis of property received in liquidations.
- § 1.362-3 Basis of importation property acquired in loss importation transaction.
- § 1.362-4 Basis of loss duplication property.
- § 1.704-1 Partner's distributive share.
- § 1.734-1 Optional adjustment to basis of undistributed partnership property.
- § 1.743-1 Optional adjustment to basis of partnership property.
Amendment history
From the source credit and the official notes, newest first.
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 D Provisions Common to Other Subparts
Nearby sections
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Amendments
2004—Subsec. (c). Pub. L. 108–357 added subsec. (c).
1976—Subsecs. (a), (b). Pub. L. 94–455 struck out “or his delegate” after “Secretary” wherever appearing.
Statutory Notes and Related Subsidiaries
Effective Date of 2004 Amendment
Pub. L. 108–357, title VIII, § 834(b), Oct. 22, 2004, 118 Stat. 1592, provided that: “The amendment made by this section [amending this section] shall apply to distributions after the date of the enactment of this Act [Oct. 22, 2004].”