StacksVerified U.S. regulatory reference

26 U.S.C. § 733

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
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. (1)the amount of any money distributed to such partner, and
  2. (2)the amount of the basis to such partner of distributed property other than money, as determined under section 732.