Taxation Of Partnerships Limitations on losses and restoration of basis Transactions between a partner and the partnershi p Sale or exchanges between a partner and partnership Guaranteed payments Partnership distributions Sale of a partnership interest Large partnership election
Taxation Of Partnerships • Limitations on losses and restoration of basis • Transactions between a partner and the partnership – Sale or exchanges between a partner and partnership – Guaranteed payments • Partnership distributions • Sale of a partnership interest • Large partnership election
Formation Of A Partnership · In exchange for property and/or services, partners receive an interest A partnership interest is an investment security similar to corporate stock
Formation Of A Partnership • In exchange for property and/or services, partners receive an interest • A partnership interest is an investment security similar to corporate stock