{"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.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2010/06/09/2010-13790.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26}],"citation":"75 FR 32659","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: These final regulations are effective June 9, 2010.","disposition_notes":null,"docket_ids":["TD 9485"],"dockets":[],"document_number":"2010-13790","effective_on":"2010-06-09","end_page":32661,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2010/06/09/2010-13790.xml","html_url":"https://www.federalregister.gov/documents/2010/06/09/2010-13790/contributed-property","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2010-13790?publication_date=2010-06-09","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2010-06-09/2010-13790/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":104,"last_updated":"2026-08-26 02:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2010-06-09/pdf/2010-13790.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2010-06-09","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2010/06/09/2010-13790.txt","regulation_id_number_info":{"1545-BF28":null},"regulation_id_numbers":["1545-BF28"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2010-06-09T16:15:41Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":32659,"subtype":null,"title":"Contributed Property","toc_doc":"Contributed Property","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":75}