Boston University School of Law

TX930 Partnership Tax I

TX 930 ( A1)  R 6:20 PM-8:10 PM 
2 cr., Spring 
Professor Finkel 
No Class Website
 

Presents an overview of subchapter K and the federal income tax treatment of partnerships and other entities, such as limited liability companies;. Topics include tax classification of a partnership versus a corporation or trust; considerations in choice of entity;basic partnership accounting and capital accounts, partnership formation and acquisition of partnership interests for property or services; determination of basis;basic rules allocations of income and loss ; taxation of normal partnership operations; distributions of cash and property; transactions between partners and partnership, including sales of partnership interests.