Rolling Over and Section 704(c); What's the Big Deal? — Part 4: …
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webNov 1, 2023 · As previously discussed, when the tax basis of property contributed to a partnership differs from its fair market value, Section 704 (c) requires that the allocation of partnership items of income, gain, loss, and deduction take into account such difference, and the underlying Treasury Regulations provide three methods for taking these differenc...
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