# § 722. Basis of contributing partner’s interest
The basis of an interest in a partnership acquired by a contribution of property, including money, to the partnership shall be the amount of such money and the adjusted basis of such property to the contributing partner at the time of the contribution increased by the amount (if any) of gain recognized under section 721(b) to the contributing partner at such time.
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**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 245; Pub. L. 94–455, title XXI, § 2131(c), Oct. 4, 1976, 90 Stat. 1924; Pub. L. 98–369, div. A, title VII, § 722(f)(1), July 18, 1984, 98 Stat. 974.)
## Editorial Notes
### Amendments
1984— inserted “under section 721(b)” after “gain recognized”.
1976— inserted “increased by the amount (if any) of gain recognized to the contributing partner at such time” after “at the time of the contribution”.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1984 Amendment
> “The amendments made by paragraph (1) [amending this section and
>
> ] shall take effect as if included in the amendments made by section 2131 of the Tax Reform Act of 1976 [
>
> ].”
, , , provided that:
### Effective Date of 1976 Amendment
For effective date of amendment made by , see section 2131(f)(3)–(5) of , set out as a note under .