Assertion: partnership's liability | /r/HasProperty | determined by reference
Facets:
value: under section
type: OTHER
Source sentences:
text: Tax capital accounts are partners' "Outside Basis" (however, unlike outside basis, the partnership's recourse and nonrecourse liabilities are not included in partners' tax-basis capital accounts) and under Section 722 are initially determined by reference to the partner's contributed cash amount and the adjusted basis of the contributed property.