---
kind: "section"
citation: "26 U.S.C. § 733"
title: "26"
title_heading: "Internal Revenue Code"
number: "733"
heading: "Basis of distributee partner’s interest"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/733"
units:
  - "Subtitle A — Income Taxes"
  - "Chapter 1 — Normal Taxes and Surtaxes"
  - "Subchapter K — Partners and Partnerships"
  - "Part II — Contributions, Distributions, and Transfers"
  - "Subpart B — Distributions by a Partnership"
---

# §733. Basis of distributee partner’s interest


In the case of a distribution by a [partnership](/usc/26/761.md?p=a) to a [partner](/usc/26/761.md?p=b) other than in [liquidation of a partner](/usc/26/761.md?p=d)’s [interest](/usc/26/856.md?p=f-1), the adjusted basis to such [partner](/usc/26/761.md?p=b) of his [interest](/usc/26/856.md?p=f-1) in the [partnership](/usc/26/761.md?p=a) shall be reduced (but not below zero) by—

- (1) the amount of any money distributed to such [partner](/usc/26/761.md?p=b), and
- (2) the amount of the basis to such [partner](/usc/26/761.md?p=b) of distributed [property](/usc/26/317.md?p=a) other than money, as determined under section 732.

## Source credit

(Aug. 16, 1954, ch. 736, 68A Stat. 247.)