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INTERNAL REVENUE CODE OF 1954
CHAPTER 1. Normal Taxes and Surtaxes—Continued SUBCHAPTER J. Estates, trusts, beneficiaries, and decedents—Con. Part I. Estates, trusts, and beneficiaries^—Continued Subpart C. E&tates and trusts which may accumulate income or which distribute corpus. Sec. 661. Deductions for estates and trusts accumulating income or distributing corpus Sec. 662. Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus. Sec. 663. Special rules applicable to sections 661 and 662 Subpart D. Treatment of excess distributions by trusts. Sec. 665. Definitions applicable to subpart D Sec. 666. Accumulation distribution allocated to 5 preceding years Sec. 667. Denial of refund to trust Sec. 668. Treatment of amounts deemed distributed in preceding years Subpart E. Grantors and others treated as substantial owners. Sec. 671. Trust income, deductions, and credits attributable to grantors and others as substantial owners . Sec. 672. Definitions and rules ,-__ Sec. 673. Reversionary interests Sec. 674. Power to control beneficial enjoyment Sec. 675. Administrative powers Sec. 676. Power to revoke Sec. 677. Income for benefit of grantor Sec. 678. Person other than grantor treated as substantial owner Subpart F. Miscellaneous. Sec. 681. Limitation on charitable deduction Sec. 682. Income of an estate or trust in case of divorce, etc Sec. 683. Applicability of provisions Part IT. Income in respect of decedents. Sec. 691. Recipients of income in respect of decedents-_ Sec. 692. Income taxes of members of Armed Forces on death.. SUBCHAPTER K. Partners and partnerships. Part I. Determination of tax liability. Sec. 701. Partners, not partnership, subject to tax Sec. 702. Income and credits of partner Sec. 703. Partnership computations Sec. 704. Partner's distributive share Sec. 705. Determination of basis of partner's interest Sec. 706. Taxable years of partner and partnership Sec. 707. Transactions between partner and partnership Sec. 708. Continuation of partnership,^ Part II. Contributions, distributions, and transfers. Subpart A. Contributions to a partnership. Sec. 721. Nonrecognition of gain or loss on contribution. Sec. 722. Basis of contributing partner's interest Sec. 723. Basis of property contributed to partnership. Subpart B. Distributions by a partnership. Sec. 731. Extent of recognition of gain or loss on distribution
Sec. 732. Basis of distributed property other than money Sec. 733. Basis of distributee partner's interest Sec. 734. Optional adjustment to basis of undistributed partnership property ^__ Sec. 735. Character of gain or loss on disposition of distributed property Sec. 736. Payments to a retiring partner or a deceased partner's successor in interest
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