2024-2025 Catalog

LAW-2405 Advanced Topics in Partnership Taxation

This course will examine certain advanced issues in the federal income taxation of partnerships and limited liability companies and their owners. Subjects considered include the application of section 704(c), the disguised-sale rules, nonrecourse debt and nonrecourse deduction allocations, the tax treatment of carried interests, basis-shifting distributions, and partnership mergers and divisions.

Credits

2

Prerequisite

Student has completed all of the following course(s) LAW 2200 - Basic Fed. Income Tax