Federal Taxation of Partnerships

Washington University School of Law | 3 credits

This course will cover the basic rules for taxing partnerships under the Internal Revenue Code. It will include lectures and problems addressing entity classification, formation, distributive share, allocation, distribution, inside basis, outside basis, liabilities, liquidations, transactions between a partner and the partnership, and acquisitions and dispositions of partnership interests. Preparation will be required prior to each session and failure to do so will almost certainly impair a student’s ability to participate fully in successive sessions. Students should have taken Federal Income taxation prior to registering for this course. Students are strongly encouraged to procure the latest edition of The Logic of Subchapter K, Laura and Noel Cunningham.