Source: https://www.bna.com/partnerships-disposition-partnership-p7562/
Timestamp: 2018-03-21 18:57:37
Document Index: 626460802

Matched Legal Cases: ['§ 704', '§ 704', '§ 1', '§ 1', '§ 751', '§ 1250', '§ 754', '§ 754', '§ 1060', '§ 197', '§ 1', '§ 707']

Partnerships — Disposition of Partnership Interests or Partnership Business; Partnership Termination (Portfolio 718) | Bloomberg Tax
A. Disposition of Partnership Interests
1. Sale v. Withdrawal
b. § 704(c) (and Reverse § 704(c)) Adjustments
(1) Liabilities and Obligations
(c) Sharing Partnership Liabilities
(i) Recourse Liability Shares
(ii) Nonrecourse Liability Shares
(iii) Liability Shares Follow the Losses
(2) Reducing Outside Basis for Unsatisfied Assumed Partner Obligations
(c) Sale of Partnership Interest of § 1.752-7 Liability Partner before Satisfaction of § 1.752-7 Liability
(3) Basis of a Partnership Interest
(4) Holding Period of a Partnership Interest
(a) Tacking and Its Limits
(b) Split Holding Period
(5) Allocating Outside Basis on Sale of Part of a Partnership Interest
(6) Ordinary Income - § 751(a)
(7) Collectibles and Unrecaptured § 1250 Gain
(8) Deferred Payment Sale
(d) Seller's Gain for Contingent Payments
(e) Purchaser's Basis for Contingent Payments
d. Basis Consequences
(1) Effect on Inside Basis
(2) Adjusting Purchaser's Share of Inside Basis - § 754 and Substantial Built-In Loss
(a) Computing the Inside Basis Adjustment
(b) Effect of the Residual Method
(i) Application of the Residual Method
(ii) Shares of Partnership Assets
(c) Tiered Partnerships
e. Change of Tax Year
3. Disguised Sales of Partnership Interests
4. Abandonment, Forfeiture, or Worthlessness
5. Nonrecognition Dispositions
a. Substituted Basis and Other Attributes
c. Inside Basis Adjustment
d. Transfer to Controlled Corporation, or in Reorganization
e. Tiered Partnerships
(1) Transfer to Upper-Tier Partnership
(2) Distribution by Upper-Tier Partnership
f. Gratuitous Transfers
6. Anti-Abuse Regulations
B. Consequences of Disposition
1. Successor to a Deceased Partner
a. Section 754 Election
(1) Successor's Basis Adjustment under § 754
b. Valuing Deceased Partner's Interest
(2) Valuation Discounts and Premiums
2. Partnership Termination
a. Sale or Exchange
b. Contributions, Redemptions, and Gratuitous Transfers
3. Partnership Income for Year of Disposition
a. Disposition of Entire Partnership Interest
b. Disposition of Part of Partnership Interest
c. Other Events Closing a Partnership Tax Year
4. Suspended Losses
a. Taxable Disposition
b. Nonrecognition Transfer
a. Allocating Price - § 1060
(1) Amount Allocated
(2) Residual Method
(3) Amortization of Intangibles by Purchaser - § 197
b. Respecting Form
c. Deferred Payment Sale
2. Nonrecognition Dispositions
1. Partnership Mergers
2. Incorporating the Going Partnership
3. Partnership Divisions
a. Two Forms of Division
a. Change in State Law Form
c. Unincorporated Entity to Corporation
Worksheet 1 Disguised Sale Disclosure Statement for Liquidating Distribution (Former Prop. Regs. § § 1.707-7(k) and -8(b)(1))
Worksheet 4 Preamble to REG-149519-03, Former Proposed Regulations on § 707 Regarding Disguised Sales, 69 Fed. Reg. 68838 (11/26/04) Withdrawn, 74 Fed. Reg. 3508 (1/21/09)
Worksheet 5 Preamble to T.D. 9059, Regulations on Coordination of Sections 755 and 1060; Allocation of Basis Adjustments Among Partnership Assets and Application of the Residual Method to Certain Partnership Transactions, 68 Fed. Reg. 4293 (6/9/03)
Worksheet 6 Preamble to REG-107872-99, Proposed Regulations on Coordination of Sections 755 and 1060 Relating to Allocation of Basis Adjustments Among Partnership Assets, 65 Fed. Reg. 17829 (4/5/00)
Worksheet 7 Preamble to T.D. 8847, Adjustments Following Sales of Partnership Interests, 64 Fed. Reg. 69903 (12/15/99)
Worksheet 8 Preamble to REG-209682-94, Proposed Regulations on Adjustments Following Sales of Partnership Interests 63 Fed. Reg. 4408 (1/29/98)
Worksheet 9 Preamble to T.D. 8717, 62 Fed. Reg. 25498 (5/9/97) Partnership Termination
Worksheet 10 Preamble to T.D. 8925, Regulations on Partnership Mergers and Divisions, 66 Fed. Reg. 715 (1/4/01)
Worksheet 11 Preamble to REG-111119-99, Proposed Regulations on Partnership Mergers and Divisions, 65 Fed. Reg. 1572 (1/11/00)
Worksheet 12 Preamble to REG-106736-00, Proposed Regulations on Assumption of Partner Liabilities, 68 Fed. Reg. 37434 (6/24/03)
Worksheet 13 Preamble to T.D. 9207, 70 Fed. Reg. 30335 (5/26/05) Assumption of Partner Liabilities
Worksheet 14 Checklist of Principal Tax Consequences of Disposition of Partnership Interests; or of Partnership Business; or of Partnership Termination
Worksheet 15 Sample Transfer Restrictions and Buy-Sell Provisions for an LLC Operating Agreement
Worksheet 16 Sample Tax Related Terms of a Purchase Agreement for an Interest in an Entity Taxed as a Partnership