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

December 12, 2025, 9:56 PM UTC

The IRS has published a private letter ruling on I.R.C. §754 and Treas. Reg. §301.9100, granting a 120-day extension to elect partnership property basis adjustments. [PLR 202550021]

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