{"data":{"id":"us/26-u.s.c.-752","jurisdiction":"us","citation":"26 U.S.C. § 752","heading":"Treatment of certain liabilities","body":"(a) Increase in partner’s liabilitiesAny increase in a partner’s share of the liabilities of a partnership, or any increase in a partner’s individual liabilities by reason of the assumption by such partner of partnership liabilities, shall be considered as a contribution of money by such partner to the partnership. (b) Decrease in partner’s liabilitiesAny decrease in a partner’s share of the liabilities of a partnership, or any decrease in a partner’s individual liabilities by reason of the assumption by the partnership of such individual liabilities, shall be considered as a distribution of money to the partner by the partnership. (c) Liability to which property is subjectFor purposes of this section, a liability to which property is subject shall, to the extent of the fair market value of such property, be considered as a liability of the owner of the property. (d) Sale or exchange of an interestIn the case of a sale or exchange of an interest in a partnership, liabilities shall be treated in the same manner as liabilities in connection with the sale or exchange of property not associated with partnerships.","path":["Title 26—INTERNAL REVENUE CODE","CHAPTER 1—NORMAL TAXES AND SURTAXES"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc26@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:58:25Z","sha256":"31f59f6de9e166d2c6b54bc9ab51aaf8a8626482f88dcfbf430d871266e17e85","source_id":"us","stale":false,"prev":"us/26-u.s.c.-751","next":"us/26-u.s.c.-753"},"notice":"GroundRules: Original legal text. Not legal advice."}