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

§ 742 Basis of transferee partner’s interest

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).

(Aug. 16, 1954, ch. 736, 68A Stat. 249.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 742

Source: decipher.legal/usc/26/742 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)