Abstract
In 2004 Congress amended the code to prevent the use of a partnership contribution as a means of transferring a deduction for a built-in loss from one person to another. That amendment has undermined the application of the remedial method (and the traditional method with curative allocations) that the regulations provide for the allocation of a contributed built-in gain or loss, Kahn argues. He also asserts that the 2004 amendment distorts income reporting.
Disciplines
Law | Tax Law
Date of this Version
7-2012
Working Paper Citation
Kahn, Douglas A., "Contribution of a Built-In Loss to a Partnership" (2012). Law & Economics Working Papers. 65.
https://repository.law.umich.edu/law_econ_current/65