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This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1992. The length of the article is 5234 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: IRC 754 elections affecting partnership asset basis are irrevocable without IRS permission, are permitted when an interest in the partnership is sold or distributed and should only be considered when significant benefit might accrue. Transactions between partners may result in gains or loses by the partners and positive or negative adjustments to the asset basis. An examination of the ramifications of an IRC 754 election is included.
Citation Details
Title: When to advise a Sec. 754 election. (partnerships)
Author: John L. Grasinger
Publication: The Tax Adviser (Magazine/Journal)
Date: June 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n6 Page: 396(8)
Distributed by Thomson Gale
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