Title 26, Internal Revenue CodeRelease 119-102
§742 Basis of Transferee Partner’s Interest
Title 26 › Subtitle A — Income Taxes › CHAPTER 1 — NORMAL TAXES AND SURTAXES › Subchapter K — Partners and Partnerships › PART II — CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS › Subpart C — Transfers of Interests in a Partnership › § 742
Summary
Figure the tax basis of a partnership interest you get in any way other than by contributing property under Part II of Subchapter O (sec. 1011 and following).
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).
Reference
Citations & Metadata
Citation
26 U.S.C. § 742
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102