1. LawStack
  2. Title 26 - INTERNAL REVENUE CODE
  3. Subtitle A - Income Taxes
  4. Chapter 1 - NORMAL TAXES AND SURTAXES
  5. Subchapter K - Partners and Partnerships
  6. Part II - CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS
  7. Subpart C - Transfers of Interests in a Partnership
  8. 26 USC § 742
26 USC § 742
Basis of transferee partner's interest
October 30, 2020
USC

The basis of an interest in a partnership acquired other than by contribution shall be determined under part II of subchapter O (sec. 1011 and following).
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§ 741 Recognition and character of gain or loss on sale or exchange
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§ 743 Special rules where section 754 election or substantial built-in loss

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