# Coordination of Sections 755 and 1060; Allocation of Basis Adjustments Among Partnership Assets and Application of the Residual Method to Certain Partnership Transactions
> **IRS** · Final regulations and removal of temporary regulations. · Published 2003-06-09 · Effective 2003-06-09 · 68 FR 34293
## Document
- **Document number:** 03-14204
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 68 FR 34293
- **CFR reference:** 26 CFR 1
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/06/09/03-14204/coordination-of-sections-755-and-1060-allocation-of-basis-adjustments-among-partnership-assets-and)
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