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: Partnership Taxation is a prerequisite for all students. Non-TaxLLM students may not bid on this course, but may enroll during the add/drop period if there are open seats and they have met the pre-requisite. Evaluation Methods: Final Examination

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

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Course History

Spring 2024
Title: Advanced Partnership Taxation
Faculty: Postlewaite, Philip F. (courses | profile)
Section: 1     Credits: 2.0
Capacity: 59     Actual: 20

Spring 2024
Title: Advanced Partnership Taxation
Faculty: Rosenberg, Rebecca (courses | profile)
Section: 2     Credits: 2.0
Capacity: 59     Actual: 23

Spring 2023
Title: Advanced Partnership Taxation
Faculty: Polsky, Gregg Douglas
Section: 1     Credits: 2.0
Capacity: 59     Actual: 43