'Nonrecourse distributions' presentation slideshows

Partnership Allocations: Nonrecourse Deductions and Liabilities

Partnership Allocations: Nonrecourse Deductions and Liabilities. Tufts. basic facts: property disposed of when FMV of $1,400,000 and adjusted basis of $1,450,000, subject to nonrecourse liability of $1,850,000 holding: PS recognized gain of $400,000 ($1,850,000 AR less $1,450,000 AB)

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