Form 7217 is filed by any partner receiving a distribution of property from a partnership in a non-liquidating or liquidating distribution to report the basis of the distributed property, including any basis adjustment to such property as required by section 732(a)(2) or (b).
Current revision
Recent developments
Update to Instructions for Form 7217 regarding new reporting codes on box 19, Schedule K-1 (Form 1065) – 23-APR-2026