Course Details

Advanced Partnership Taxation

This course explores selected, advanced issues in the federal income taxation of partnerships and limited liability companies and their owners. Topics considered include the application of section 704(c) to built-in gains and losses arising from property contributions and from revaluations of partnership property, the treatment of non-compensatory and compensatory options, the disguised-sale rules, the allocation of nonrecourse debt and nonrecourse deductions, the current and proposed tax treatment of carried interests, the pitfalls and opportunities presented by basis-shifting distributions, and partnership mergers and divisions. Partnership capital accounting is employed extensively throughout the course to illustrate and explain the statutory rules and possible tax-planning responses. Registration Requirements: Prerequisite: Partnership Taxation JD and non-Tax LLM students may only enroll in this class during the drop/add period. The class is not a biddable class for JD and non-Tax LLM students. Evaluation Methods: Final Examination

Catalog Number: TAXLAW 621
Practice Areas: Taxation Practice Area
Additional Course Information: LLM tax course open to JD students,  Tax Program Course


Course History

Spring 2017
Title: Advanced Partnership Taxation
Faculty: Wootton, Robert R. (courses | profile)
Section: 1     Credits: 2.0
Capacity: 30     Actual: 22

Spring 2017
Title: Advanced Partnership Taxation
Faculty: Postlewaite, Philip F. (courses | profile)
Section: 2     Credits: 2.0
Capacity: 30     Actual: 21

Spring 2016
Title: Advanced Partnership Taxation
Faculty: Wootton, Robert R. (courses | profile)
Section: 1     Credits: 2.0
Capacity: 59     Actual: 52

Spring 2015
Title: Advanced Partnership Taxation
Faculty: Wootton, Robert R. (courses | profile)
Section: 1     Credits: 2.0
Capacity: 59     Actual: 38