Section 752 and its accompanying regulations require a partnership to allocate its liabilities among its partners, generally resulting in an increase to a partner’s basis in the partnership interest.
On December 2, 2024, the Department of Treasury published final regulations (Final Regulations) governing the allocation of recourse liabilities of a partnership among its partners under Section 752 ...
The IRS issued final regulations (T.D. 10014) that amend existing regulations under Sec. 752 relating to a partner’s share of a recourse partnership liability and the rules for related persons, which ...
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