relevant basis
Defined in 1 place of the United States Code.
The term "relevant basis" means, with respect to any partner, the portion of such partner's modified basis in the partnership which is allocable (under rules similar to the rules of section 755) to the portion of the real property with respect to which the contribution described in subparagraph (A) is made.
Source
- 2022–present26 U.S.C. § 170Internal Revenue Code · Charitable, etc., contributions and gifts · for purposes of this section