# Section 704(b) and Capital Account Revaluations
> **IRS** · Final regulations. · Published 2004-05-06 · Effective 2004-05-06 · 69 FR 25315
## Document
- **Document number:** 04-10360
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 69 FR 25315
- **CFR reference:** 26 CFR 1
- **Publication date:** 2004-05-06
- **Effective date:** 2004-05-06
- **Treasury docket:** TD 9126
## Abstract

This document contains final regulations relating to the capital account maintenance rules under section 704 of the Internal Revenue Code. These regulations expand the rules regarding a partnership's right to adjust capital accounts to reflect unrealized appreciation and depreciation in the value of partnership assets.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/05/06/04-10360/section-704b-and-capital-account-revaluations)
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