26 USC § 742 - Basis of transferee partner’s interest

---
identifier: "/us/usc/t26/s742"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 742 - Basis of transferee partner’s interest"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "742"
section_name: "Basis of transferee 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. 249.)"
---


# § 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).

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**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 249.)