An allocation of income, gain, loss, or deduction will not have economic effect and will not be
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An allocation of income, gain, loss, or deduction will not have economic effect and will not be deemed to be in accordance with a partner's interest in the partnership unless the capital accounts of the partners are determined and maintained throughout the full term of the partnership in accordance with capital accounting rules of Treasury Regulations under §704. Discuss?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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