7217 Partner’s Report of Property Distributed by a Partnershi

7217

Partner’s Report of Property Distributed by a Partnership

OMB No. 1545-0123

Department of the Treasury
Internal Revenue Service

Attach to your tax return.
Go to www.irs.gov/Form7217 for instructions and the latest information.

Attachment
Sequence No. 217

Form

(December 2024)

Partner’s name

Partner’s TIN

Distributing partnership’s name

Distributing partnership’s EIN

Date property was distributed to partner

Part I

Aggregate Basis of Distributed Property on Distribution Date. File a separate form for each date a partner
received distributed property.

1
2
3

Was this distribution in complete liquidation of the partner’s interest in the partnership? . . . . . .
Yes
Yes
Was any part of the distribution treated as a sale or exchange under section 751(b)? . . . . . . .
Partnership’s aggregate basis in distributed property (taking into account any basis adjustments under
section 732(d), 734(b), or 743(b)) immediately before the distribution. This line should equal the total of
Part II, line B, column (b) . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
4
Adjusted basis of the partner’s interest in the partnership immediately before the distribution . . . .
$
5a Cash received in the distribution . . . . . . . . . . . . . . . .
b Fair market value of marketable securities (as defined in section 731(c)) received in
the distribution . . . . . . . . . . . . . . . . . . . . . .
$
$
c Add lines 5a and 5b . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
6
Enter the smaller of line 4 or line 5c . . . . . . . . . . . . . . . . . . . . . . .
$
7
Gain recognized. Subtract line 6 from line 5c. If zero, enter -0- and go to line 9 . . . . . . . . .
8
Is U.S. tax required to be paid on the gain entered on line 7? . . . . . . . . . . . . . . .
Yes
9
Partner’s basis in partnership interest reduced by cash received in the distribution. Subtract line 5a from
line 4. If zero or less, enter -0-. See instructions if you recognized gain under section 737 as a result of
the distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
Aggregate
basis
to
be
allocated
to
the
distributed
property.
For
a
non-liquidating
distribution,
enter
the
10
smaller of line 3 or line 9. For a liquidating distribution, enter the amount from line 9. Line 10 should equal
the total of Part II, line B, column (e) . . . . . . . . . . . . . . . . . . . . . . .
$
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.

Cat. No. 94479B

No
No

No

Form 7217 (12-2024)

Page 2

Form 7217 (12-2024)

Part II

Allocation of Basis of Distributed Property
(a)

(b)

(c)

Description of distributed property
(If applicable, include property
code. See Pub. 946, Appendix B.)

Partnership’s basis
in distributed
property
immediately before
the distribution

Check applicable box(es) below. See instructions.

(i) 732(d)

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10
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12
13
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15
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19
20
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29
30
A If applicable, enter any totals from any attached Parts II. See
instructions . . . . . . . . . . . . . . . . . .
B Totals for all items .

.

.

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(ii) 732(f)

(iii) 734(b)

(d)

(iv) 743(b)

(e)

FMV of distributed Partner’s basis in
property
distributed property
after application of
section 732

(v) Reserved
for future use

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Form 7217 (12-2024)