Partnership income taxation / James R. Repetti, William J. Kenealy, S.J. Professor of Law, Boston College Law School; William H. Lyons, Richard H. Larson Professor of Tax Law Emeritus, University of Nebraska College of Law; Charlene D. Luke, Professor University of Florida Levin College of Law.

Includes bibliographical references and index.

Choice of Entity and What Is a "Partnership" for Tax Purposes? -- The Pass-Through Principle of Partnership Taxation -- An Introduction to Partnership Basis and Limits on Losses -- Contributions to Partnerships -- Allocations of Partnership Income, Deductions, and Credits: An Introduction -- Partnership Allocations : Assignment-of-Income Problems -- Allocations Attributable to Contributed Property : Section 704(c) -- Allocation of Partnership Debt -- Transactions Between Partnerships and Their Partners -- Sales of Partnership Interests -- Partnership Distributions : An Introduction -- Distributions Subject to Section 751(b) -- Payments to Retiring Partners : Section 736 and Related Problems -- Basis Adjustment Under Section 734 -- The Death of a Partner.

"[This book] focuses on simple partnerships holding few assets and engaging in routine transactions. It places the rules in context by pointing out the purposes of the statute and regulations and presenting background information about practical matters such as how partnerships maintain capital accounts and how nonrecourse financing works. Using many examples, it then shows the operation of the rules in everyday cases encountered by practitioners."-- Provided by publisher.