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Burke’s Federal Income Taxation of Partners and Partnerships in a Nutshell 6th Edition

SKU: 9781684678297

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Full Title

Burke\'s Federal Income Taxation of Partners and Partnerships in a Nutshell 6th Edition

Author(s)

Karen Burke

Edition

6th Edition

ISBN

9781684678297, 9781684674312

Publisher

West Academic Publishing

Format

PDF and EPUB

Description

This book provides a concise overview of federal partnership taxation. It covers partnership formation, including contributions of property and admission of service partners, allocation of income and loss, tax accounting, and sharing of recourse and nonrecourse liabilities. Building on this foundation, the book also addresses advanced topics, including transactions between partners and partnerships, sales of partnership interests, distributions of property, optional and mandatory basis adjustments, and planning for retirement or death of a partner. Numerous concrete examples illustrate the tax treatment of specific transactions, allowing students to grasp the principles of partnership taxation in a problem-oriented course. The revised sixth edition reflects major tax legislation enacted in 2017 (the “2017 Act”), including choice of entity issues in light of the new 21% corporate tax rate and the § 199A passthrough deduction.