26 USC § 733 - Basis of distributee partner’s interest

---
identifier: "/us/usc/t26/s733"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 733 - Basis of distributee partner’s interest"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "733"
section_name: "Basis of distributee partner’s interest"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "K"
subchapter_name: "Partners and Partnerships"
part_number: "II"
part_name: "CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 16, 1954, ch. 736, 68A Stat. 247.)"
---


# § 733. Basis of distributee partner’s interest

In the case of a distribution by a partnership to a partner other than in liquidation of a partner’s interest, the adjusted basis to such partner of his interest in the partnership shall be reduced (but not below zero) by—

**(1)** the amount of any money distributed to such partner, and

**(2)** the amount of the basis to such partner of distributed property other than money, as determined under section 732.

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**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 247.)