Coordination of Sections 755 and 1060; Allocation of Basis Adjustments Among Partnership Assets and Application of the Residual Method to Certain Partnership Transactions
other · IRS · Rule · Published 2003-06-09 · Effective 2003-06-09 · 68 FR 34293
Document
Document number
03-14204
Federal Register citation
68 FR 34293
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2003-06-09
Effective date
2003-06-09
Treasury docket
TD 9059
Abstract
This document finalizes regulations relating to the allocation of basis adjustments among partnership assets under section 755. The regulations are necessary to implement section 1060, which applies the residual method to certain partnership transactions.