Current through Pub. L. 119-100Open in workspace

§ 733 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 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 .

(Aug. 16, 1954, ch. 736, 68A Stat. 247.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 733

Source: decipher.legal/usc/26/733 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)