Finanse publiczne · 28/12/1994

Allocations Reflecting Built-in Gain or Loss on Property Contributed to a Partnership

This document contains final regulations under section 704 of the Internal Revenue Code relating to the remedial allocation method with respect to property contributed by a partner to a partnership and to allocations with respect to securities and similar investments owned by a partnership. Changes to the applicable law were made by the Tax Reform Act of 1984 (the 1984 Act) and the Revenue Reconciliation Act of 1989 (the 1989 Act). The final regulations affect partnerships and their partners and provide guidance needed to comply with the applicable tax law.