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If only a portion of an allocation made to a partner with respect to a partnership taxable year has economic effect, then the portion that
If only a portion of an allocation made to a partner with respect to a partnership taxable year has economic effect, then the portion that has economic effect consists of a proportionate share of only partnership taxable income for such year and, if such portion exceeds the partnership taxable income allocation, thereafter a proportionate share of separately stated items to such partner for such year
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
