30343

The basis of property contributed to a partnership by a partner shall be the adjusted basis of such property to the contributing partner at the time of the contribution increased by the amount (if any) of gain recognized under subsection (b), (c), (d) or (e) of § 30341 of this title to the contributing partner at such time. History —Jan. 31, 2011, No. 1, § 1072.03, retroactive to Jan. 1, 2011; Dec. 10, 2011, No. 232, § 89.