U.S Code last checked for updates: Nov 23, 2024
§ 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.)
cite as: 26 USC 742