Source: http://taxtv.com/code/00543-USCODE-2011-title26-subtitleA-chap1-subchapK-partIV-sec772/
Timestamp: 2017-03-24 11:59:47
Document Index: 529477686

Matched Legal Cases: ['§772', '§772', '§772', '§1322', '§1322', '§772']

IRC §772. Simplified flow-through - TaxTV.com
IRC §772. Simplified flow-through
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In determining the income tax of a partner of an electing large partnership, such partner shall take into account separately such partner’s distributive share of the partnership’s—
The term “passive loss limitation activity” means—
In the case of a partner which is an organization subject to tax under section 1, such partner’s distributive share of any items shall be taken into account separately to the extent necessary to comply with the provisions of section 2(c)(1).
(2) such partner’s distributive share of the partnership items allocable to passive loss limitation activities shall be taken into account separately to the extent necessary to comply with the provisions of section 469.
2005—Subsec. (a)(9) to (11). Pub. L. 109–58, §1322(a)(3)(I), inserted “and” at end of par. (9), redesignated par. (11) as (10), and struck out former par. (10) which read as follows: “the credit allowable under section 29, and”.
Subsec. (d)(5). Pub. L. 109–58, §1322(a)(3)(J), substituted “and the foreign tax credit” for “the foreign tax credit, and the credit allowable under section 29”.
View related content: IRC §772