# Contributed Property
> **IRS** · Final regulations. · Published 2010-06-09 · Effective 2010-06-09 · 75 FR 32659
## Document
- **Document number:** 2010-13790
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 75 FR 32659
- **CFR reference:** 26 CFR 1
- **Publication date:** 2010-06-09
- **Effective date:** 2010-06-09
- **Treasury docket:** TD 9485
## Abstract

This document contains final regulations under section 704(c) of the Internal Revenue Code (Code) providing that the section 704(c) anti-abuse rule takes into account the tax liabilities of both the partners in a partnership and certain direct and indirect owners of such partners. These final regulations further provide that a section 704(c) allocation method cannot be used to achieve tax results inconsistent with the intent of subchapter K of the Code. The final regulations affect partnerships and their partners.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2010/06/09/2010-13790/contributed-property)
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