Law 649: Partnership Taxation
This course will examine the provisions of Subchapter K of the Internal Revenue Code. Covered topics will include: partnership formation; the transfer of assets to and from a partnership; the allocation of partnership tax attributes; the treatment of partnership liabilities; partnership operations; 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: Student grades will be based upon the final exam.