# 26 U.S.C. § 733: Basis of distributee partner’s interest

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s733>. Cite pinpoints as 26 U.S.C. § 733(a)(1).

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—

## § 733(1)

the amount of any money distributed to such partner, and

## § 733(2)

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

## Regulations

- [Treas. Reg. § 1.733-1](/26/reg/1.733-1.md): Basis of distributee partner's interest. (interprets § 733)

## Leading cases

- [Gershkowitz v. Commissioner, 88 T.C. 984 (1987)](https://www.courtlistener.com/opinion/4706456/gershkowitz-v-commissioner/)
- [Richardson v. Commissioner, 76 T.C. 512 (1981)](https://www.courtlistener.com/opinion/4705351/richardson-v-commissioner/)
- [Long v. Commissioner, 77 T.C. 1045 (1981)](https://www.courtlistener.com/opinion/4705396/long-v-commissioner/)

## Connections

Cites: § 732 Basis of distributed property other than money

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. 247