Subchapter K 701-771 Flashcards
Partners, not partnership, subject to tax
701
Income and Credits of Partner
702
Partnership Computations
703
Parner’s Distributive Shares
704
Determination of Basis of Partner’s Interest
705
Taxable Years of Partner and Partnership
706
Transactions Between Partner and Partnership
707
Continuation of Partnership
708
Treatment of Organization and Syndication Fees
709
Part I - Determination of Tax Liability
701-709
Part II - Contributions, Distributions, and Transfers
721 - 755
Part III - Definitions
761
Nonrecognition of G/L on Contribution
721
Basis of Contributing Partner’s Interest
722
Basis of Property Contributed to Partnership
723
Character of G/L on Contributed Unrealized Receivables, Inventory Items, and Capital Loss Property
724
Extent of Recognition of G/L on Distribution
731
Basis of Distributed Property Other Than Money
732
Basis of Distributee Partner’s Interest
733
Adjustment to Basis of Undistributed Partnership Property Where Section 754 Election or Substantial Basis Reduction
734
Character of G/L on Disposition of Distributed Property
735
Payments to a Retiring Partner or a Deceased Partner’s Successor in Interest
736
Recognition of Precontribution Gain in Case of Certain Distributions to Contributing Partner
737
Recognition and Character of G/L on Sale or Exchange of Partnership Interest
741
Basis of Transferee Partner’s Interest (Pship Transfer)
742
Special Rules Where Section 754 Election or Substantial Built-In Loss
743
Unrealized Receivables and Inventory Items
751
Treatment of Certain Liabilities
752
Partner Receiving Income in Respect of Decedent
753
Manner of Electing Optional Adjustment to Basis of Partnership Property
754
Rules for Allocation of Basis
755
