Law 649: Partnership Taxation

This course addresses federal income tax aspects of conducting business and investment activities through entities taxed as partnerships under Subchapter K of the Internal Revenue Code. It covers topics such as choice of entity;  partnership formation; the transfer of assets to and from a partnership; the allocation of partnership tax attributes; the treatment of partnership liabilities; the restrictions on the deductibility of a partner’s share of partnership losses; partnership distributions; and the liquidation or sale of partnership interests.

Sequence and Prerequisites:  Income Taxation (Law 647) is a prerequisite.

Evaluation: Final examination