Courses 2022 - 2023

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LAW T 511 Taxation of Partners and Partnerships

Credits: 1-4, Max 4


A detailed analysis of the federal income tax treatment of partners and partnerships including problems associated with the formation, operation, and dissolution of the partnership, the sale of partnership interests, and the termination, retirement, and death of a partner. Issues include definition of a partnership, income allocation problems, liability basis rules, application of the at-risk and passive activity rules, and approaches to the drafting of partnership agreements. Prerequisites: Introduction to Individual Income Taxation.

Winter, 4 Credit(s)

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