Title 26 — Internal Revenue CodeRelease 119-73
§742 Basis of transferee partner’s interest
Title 26 › Subtitle Subtitle A— - Income Taxes › Chapter CHAPTER 1— - NORMAL TAXES AND SURTAXES › Subchapter Subchapter K— - Partners and Partnerships › Part PART II— - CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS › Subpart Subpart C— - Transfers of Interests in a Partnership › § 742
Full Legal Text
Title 26, §742
Internal Revenue Code — Source: USLM XML via OLRC
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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Citation
26 U.S.C. § 742
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73