### Question
Can you define what allocable cash basis item means?


### Answer
**Allocable cash basis item** is defined as the following in *26 U.S.C. § 706*:

> any of the following items with respect to which the partnership uses the cash receipts and disbursements method of accounting:


(i) Interest

#### Citation:
  - *26 U.S.C. § 706*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter K-Partners and Partnerships > PART I-DETERMINATION OF TAX LIABILITY**

