Subchapter K 701-771 Flashcards

(31 cards)

1
Q

Partners, not partnership, subject to tax

A

701

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2
Q

Income and Credits of Partner

A

702

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3
Q

Partnership Computations

A

703

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4
Q

Parner’s Distributive Shares

A

704

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5
Q

Determination of Basis of Partner’s Interest

A

705

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6
Q

Taxable Years of Partner and Partnership

A

706

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7
Q

Transactions Between Partner and Partnership

A

707

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8
Q

Continuation of Partnership

A

708

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9
Q

Treatment of Organization and Syndication Fees

A

709

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10
Q

Part I - Determination of Tax Liability

A

701-709

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11
Q

Part II - Contributions, Distributions, and Transfers

A

721 - 755

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12
Q

Part III - Definitions

A

761

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13
Q

Nonrecognition of G/L on Contribution

A

721

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14
Q

Basis of Contributing Partner’s Interest

A

722

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15
Q

Basis of Property Contributed to Partnership

A

723

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16
Q

Character of G/L on Contributed Unrealized Receivables, Inventory Items, and Capital Loss Property

17
Q

Extent of Recognition of G/L on Distribution

18
Q

Basis of Distributed Property Other Than Money

19
Q

Basis of Distributee Partner’s Interest

20
Q

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

21
Q

Character of G/L on Disposition of Distributed Property

22
Q

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

23
Q

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

24
Q

Recognition and Character of G/L on Sale or Exchange of Partnership Interest

25
Basis of Transferee Partner's Interest (Pship Transfer)
742
26
Special Rules Where Section 754 Election or Substantial Built-In Loss
743
27
Unrealized Receivables and Inventory Items
751
28
Treatment of Certain Liabilities
752
29
Partner Receiving Income in Respect of Decedent
753
30
Manner of Electing Optional Adjustment to Basis of Partnership Property
754
31
Rules for Allocation of Basis
755