IRS PLR: Extension Granted to Elect Partnership Property Basis Adjustment (IRC §754)

Nov. 28, 2025, 9:46 PM UTC

The IRS has published a private letter ruling on I.R.C. §754 and Treas. Reg. §§301.9100 and 1.754-1, granting 120-day extension to elect an optional partnership property basis adjustment. [PLR 202548018].

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