Partnership taxation : an application approach / Joni Larson.

Includes bibliographical references and index.

Introduction -- Deferral of gain or loss -- Basis and holding period -- The balance sheet -- Receipt of partnership interest for services -- Recourse liabilities -- Non-recourse liabilities -- Partnership taxable year -- Computation of taxable income -- Start-up costs -- Allocation of partnership items -- Varying interests in the partnership -- Limitation on losses -- At risk and passive activity loss limitation -- Allocation of recourse deductions -- Allocation of non-recourse deductions -- Allocations of depreciation from property contributed to the partnership by a partner -- Allocations related to the sale of contributed property -- Recourse liabilities -- Non-recourse liabilities -- Tax consequences to transferring partner -- Tax consequences to buying partner -- Non-liquidating distributions of cash and/or property -- Partnership election -- Disproportionate distributions -- Mixing bowl transaction - distribution previously contributed property -- Mixing bowl transaction - distribution of other property to partner who contributed appreciated property -- Liquidating distributions -- Transactions in capacity other than as partner -- Guaranteed payments -- Reorganization -- Termination of a partnership -- Check-the-box regulations -- Family partnerships -- Election out of subchapter k -- Anti-abuse regulations.