This real estate lessor partnership paid each of the minority interest partners a redemption (liquidation?) payment and they released their partnership interest...
Just to confirmAre you saying that there would be a section 1245 depreciation recapture even if the partnership itself does not sell any assets and only the par...
The tax professional, who also was involved in preparing the partial year 1065 of the partnership, says that the hot assets in IRC section 751 does not apply to...
Thank you for responding.* As part of a complicated deal involving a portfolio of such partnerships, I believe that the combined majority partnership interests ...