Subchapter K Part II & III- Contributions, Distributions, and Transfers Flashcards

1
Q

Subpart A - Contributions to a Partnership

A

721-724

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2
Q

Nonrecognition of Gain or Loss on Contribution

A

721

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3
Q

Basis of Contributing Partner’s Interest

A

722

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4
Q

Basis of Property Contributed to Partnership

A

723

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5
Q

Character of Gain or Loss on Contributed Unrealized Receivables, Inventory Items, and Capital Loss Property

A

724

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6
Q

Subpart B - Distributions by a Partnership

A

731-737

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7
Q

Extent of Recognition of Gain or Loss on Distribution

A

731

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8
Q

Basis of Distributed Property Other Than Money

A

732

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9
Q

Basis of Distributee Partner’s Interest

A

733

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10
Q

Adjustment to Basis of Undistributed Partnership Property Where Section 754 Election or Substantial Basis Reduction

A

734

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11
Q

Character of Gain or Loss on Disposition of Distributed Property

A

735

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12
Q

Payments to a Retiring Partner or a Deceased Partner’s Successor in Interest

A

736

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13
Q

Recognition of Precontribution Gain in Case of Certain Distributions to Contributing Partner

A

737

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14
Q

Subpart C - Transfers of Interests in a Partnership

A

741-743

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15
Q

Recognition and Character of Gain or Loss on Sale or Exchange

A

741

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16
Q

Basis of Transferee Partner’s Interest

A

742

17
Q

Special Rules Where Section 754 Election or Substantial Built-in Loss

A

743

18
Q

Subpart D - Provisions Common to Other Subparts

A

751-755

19
Q

Unrealized Receivables and Inventory Items

A

751

20
Q

Treatment of Certain Liabilities

A

752

21
Q

Partner Receiving Income in Respect of Decedent

A

753

22
Q

Manner of Electing Optional Adjustment to Basis of Partnership Property

A

754

23
Q

Rules for Allocation of Basis

A

755

24
Q

Subchapter K Part III - Definitions

A

761

25
Q

Terms Defined

A

761