The Resource Partnership transactions--section 751 property, Todd Y. McArthur

Partnership transactions--section 751 property, Todd Y. McArthur

Label
Partnership transactions--section 751 property
Title
Partnership transactions--section 751 property
Statement of responsibility
Todd Y. McArthur
Creator
Contributor
Subject
Language
eng
Summary
" ... analyzes the federal income tax consequences of (1) a sale or exchange of a partnership interest where the partnership owns a [section] 751(a) property (i.e., unrealized receivables and inventory items) and (2) a distribution from a partnership owning [section] 751(b) property (i.e., unrealized receivables and inventory items which have appreciated substantially in value) where such distribution has the effect of changing the proportionate interests of the partners in the [section] 751(b) property. Sale of a partnership interest generally gives the selling partner capital gain. Section 751, however, recharacterizes a portion of the amount realized as ordinary income to the partner, at times even in the absence of realized gain. The amount so recharacterized roughly corresponds to the amount of ordinary income the partnership would have if it sold the [section] 751(a) property, thus preventing a partner from converting into a capital gain the ordinary income that would pass through if the partnership sold the property."
Member of
Additional physical form
Also issued in print
Cataloging source
BNA
Characteristic
updating web site
http://library.link/vocab/creatorName
McArthur, Todd Y
Entry convention
integrated entry
LC call number
KF6289.A1
LC item number
T35 no. 720-2nd (INTERNET)
Nature of contents
  • dictionaries
  • bibliography
Regularity
complete irregular
http://library.link/vocab/relatedWorkOrContributorName
  • Suwalsky, A. L
  • Tax Management Inc
Series statement
U.S. income portfolios
Series volume
720-2nd
http://library.link/vocab/subjectName
Partnership
Label
Partnership transactions--section 751 property, Todd Y. McArthur
Instantiates
Publication
Note
  • Revised edition of: Partnership transactions--section 751 property / by A.L. Suwalsky
  • Title from title screen (viewed Oct. 4, 2007)
  • Published: Washington, D.C., 2006-2007
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Detailed analysis. Introduction to section 751 -- Section 751(a) -- Sales or exchanges of interests in partnerships owning section 751(a) Property -- Section 751(b) -- Distributions to partners treated as sales or exchanges of section 751(b) property or other property -- Section 751 property -- Unrealized receivables -- Section 751 property -- Inventory items -- Interaction of section 751 and other code provisions -- Other rules that preserve the character of ordinary income potential -- Working papers
Dimensions
unknown
Extent
1 online resource
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Publication frequency
Updated irregularly
Specific material designation
remote
System control number
(OCoLC)60398170
System details
Mode of access: World Wide Web
Label
Partnership transactions--section 751 property, Todd Y. McArthur
Publication
Note
  • Revised edition of: Partnership transactions--section 751 property / by A.L. Suwalsky
  • Title from title screen (viewed Oct. 4, 2007)
  • Published: Washington, D.C., 2006-2007
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Detailed analysis. Introduction to section 751 -- Section 751(a) -- Sales or exchanges of interests in partnerships owning section 751(a) Property -- Section 751(b) -- Distributions to partners treated as sales or exchanges of section 751(b) property or other property -- Section 751 property -- Unrealized receivables -- Section 751 property -- Inventory items -- Interaction of section 751 and other code provisions -- Other rules that preserve the character of ordinary income potential -- Working papers
Dimensions
unknown
Extent
1 online resource
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Publication frequency
Updated irregularly
Specific material designation
remote
System control number
(OCoLC)60398170
System details
Mode of access: World Wide Web

Library Locations

    • Biddle Law LibraryBorrow it
      3400 Chestnut Street, Philadelphia, Pennsylvania, 19104, US
      39.954941 -75.193362
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