What is recourse and nonrecourse debt, and how is each generally allocated to partners?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 12:12 PM

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What is recourse and nonrecourse debt, and how is each generally allocated to partners?

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Recourse debt is debt for which partners are considered to have an economic risk of loss Par...View the full answer

Taxation Of Individuals And Business Entities 2015

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