Rethinking Book-Tax Disparities and Partnership Distributions

Tax Notes Federal, Vol. 170, p. 711, (Feb. 1, 2021)

Brooklyn Law School, Legal Studies Paper No. 673

19 Pages Posted: 29 Apr 2021

See all articles by Bradley T. Borden

Bradley T. Borden

Brooklyn Law School

Douglas L. Longhofer

University of Central Missouri

Date Written: April 28, 2021

Abstract

This article examines the “tax-follows-book” principle through the lens of partnership distributions of property with reverse section 704(c) items and details ways the law could ensure that post-distribution allocations of tax items follow pre-distribution allocations of book items.

Keywords: partnership distribution, section 704(c), section 751

Suggested Citation

Borden, Bradley T. and Longhofer, Douglas L., Rethinking Book-Tax Disparities and Partnership Distributions (April 28, 2021). Tax Notes Federal, Vol. 170, p. 711, (Feb. 1, 2021), Brooklyn Law School, Legal Studies Paper No. 673, Available at SSRN: https://ssrn.com/abstract=3835911

Bradley T. Borden (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

HOME PAGE: http://www.brooklaw.edu

Douglas L. Longhofer

University of Central Missouri ( email )

Warrensburg, MO 64093-5070
United States

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