# 26 U.S.C. § 722: Basis of contributing partner’s interest

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s722>. Cite pinpoints as 26 U.S.C. § 722(a)(1).

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.

## Regulations

- [Treas. Reg. § 1.722-1](/26/reg/1.722-1.md): Basis of contributing partner's interest. (interprets § 722)

## Final rules

- [69 FR 42551](https://www.federalregister.gov/documents/2004/07/16/04-15833/partnership-transactions-involving-long-term-contracts) (2004): Partnership Transactions Involving Long-Term Contracts

## Leading cases

- [Kornman & Associates, Inc. v. United States, 527 F.3d 443 (5th Cir. 2008)](https://www.courtlistener.com/opinion/61651/kornman-associates-inc-v-united-states/)

## Connections

Cites: § 721 Nonrecognition of gain or loss on contribution

Cited by: § 705 Determination of basis of partner’s interest

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 245
- 1976-10-04: [Pub. L. 94-455](/26/act/94-455.md), 90 Stat. 1924
- 1984-07-18: [Pub. L. 98-369](/26/act/98-369.md), 98 Stat. 974