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For IRC 704 a) What determines the partner's distributive share? What is a partner's distributive share? b) What if the partnership agreement does not
For IRC
704
\ a) What determines the partner's distributive share? What is a partner's distributive share?\ b) What if the partnership agreement does not provide for the partner's distributive share?\ c) Under Treas. Reg. 1.704-2, define a nonrecourse liability (the actual definition not the cite of where it is defined)? Cite where it is defined.
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