---
kind: "section"
citation: "26 U.S.C. § 722"
title: "26"
title_heading: "Internal Revenue Code"
number: "722"
heading: "Basis of contributing partner’s interest"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/722"
units:
  - "Subtitle A — Income Taxes"
  - "Chapter 1 — Normal Taxes and Surtaxes"
  - "Subchapter K — Partners and Partnerships"
  - "Part II — Contributions, Distributions, and Transfers"
  - "Subpart A — Contributions to a Partnership"
---

# §722. Basis of contributing partner’s interest


The basis of an [interest](/usc/26/856.md?p=f-1) in a [partnership](/usc/26/761.md?p=a) acquired by a contribution of [property](/usc/26/317.md?p=a), including money, to the [partnership](/usc/26/761.md?p=a) shall be the amount of such money and the adjusted basis of such [property](/usc/26/317.md?p=a) to the contributing [partner](/usc/26/761.md?p=b) at the time of the contribution increased by the amount (if any) of gain recognized under [section 721(b)](/usc/26/721.md?p=b) to the contributing [partner](/usc/26/761.md?p=b) at such time.


## Source credit

(Aug. 16, 1954, ch. 736, 68A Stat. 245; Pub. L. 94–455, title XXI, § 2131(c), Oct. 4, 1976, 90 Stat. 1924; Pub. L. 98–369, div. A, title VII, § 722(f)(1), July 18, 1984, 98 Stat. 974.)

## Notes

### Editorial Notes

### Amendments

1984—Pub. L. 98–369 inserted “under section 721(b)” after “gain recognized”.

1976—Pub. L. 94–455 inserted “increased by the amount (if any) of gain recognized to the contributing partner at such time” after “at the time of the contribution”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1984 Amendment

Pub. L. 98–369, div. A, title VII, § 722(f)(2), July 18, 1984, 98 Stat. 974, provided that: “The amendments made by paragraph (1) [amending this section and section 723 of this title] shall take effect as if included in the amendments made by section 2131 of the Tax Reform Act of 1976 [Pub. L. 94–455].”

### Effective Date of 1976 Amendment

For effective date of amendment made by Pub. L. 94–455, see section 2131(f)(3)–(5) of Pub. L. 94–455, set out as a note under section 721 of this title.