Sec. 721(b): contributions to investment partnerships.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1995. The length of the article is 854 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: Taxpayers engaged in using a family limited partnership as an estate planning vehicle should be aware that in certain instances contributions to the partnership may result in gain under IRC section 721(b). Transfers of appreciated property can result in gain recognition, with no recognition of offsetting losses if the partnership would be treated like an investment company were it incorporated. To be considered an investment company, the partnership would have to be holding over 80% of its assets for investment, the assets must be readily marketable and the transfer to the partnership must result in increased diversification.

Citation Details
Title: Sec. 721(b): contributions to investment partnerships.
Author: D. Lee McCreary
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n8 Page: 483(2)

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