Subchapter K Part II & III- Contributions, Distributions, and Transfers Flashcards
Subpart A - Contributions to a Partnership
721-724
Nonrecognition of Gain or Loss on Contribution
721
Basis of Contributing Partner’s Interest
722
Basis of Property Contributed to Partnership
723
Character of Gain or Loss on Contributed Unrealized Receivables, Inventory Items, and Capital Loss Property
724
Subpart B - Distributions by a Partnership
731-737
Extent of Recognition of Gain or Loss on Distribution
731
Basis of Distributed Property Other Than Money
732
Basis of Distributee Partner’s Interest
733
Adjustment to Basis of Undistributed Partnership Property Where Section 754 Election or Substantial Basis Reduction
734
Character of Gain or Loss on Disposition of Distributed Property
735
Payments to a Retiring Partner or a Deceased Partner’s Successor in Interest
736
Recognition of Precontribution Gain in Case of Certain Distributions to Contributing Partner
737
Subpart C - Transfers of Interests in a Partnership
741-743
Recognition and Character of Gain or Loss on Sale or Exchange
741
Basis of Transferee Partner’s Interest
742
Special Rules Where Section 754 Election or Substantial Built-in Loss
743
Subpart D - Provisions Common to Other Subparts
751-755
Unrealized Receivables and Inventory Items
751
Treatment of Certain Liabilities
752
Partner Receiving Income in Respect of Decedent
753
Manner of Electing Optional Adjustment to Basis of Partnership Property
754
Rules for Allocation of Basis
755
Subchapter K Part III - Definitions
761
Terms Defined
761
