704(b) regs table of contents

b) Determination of partner's distributive share.




(0) Cross-references.



Heading Section



Cross-references.... 1.704-1(b)(0)

In general.......... 1.704-1(b)(1)

Basic

principles...... 1.704-1(b)(1)(i)

Effective

dates........... 1.704-1(b)(1)(ii)

Generally....... 1.704-1(b)(1)(ii)(a)

Foreign tax

expenditures....... 1.704-1(b)(1)(ii)(b)

Effect of other

sections........ 1.704-1(b)(1)(iii)

Other possible

tax

consequences.... 1.704-1(b)(1)(iv)

Purported

allocations..... 1.704-1(b)(1)(v)

Section 704(c)

determinations... 1.704-1(b)(1)(vi)

Bottom line

allocations..... 1.704-1(b)(1)(vii)

Substantial economic

effect............ 1.704-1(b)(2)

Two-part

analysis........ 1.704-1(b)(2)(i)

Economic

effect.......... 1.704-1(b)(2)(ii)

Fundamental

principles... 1.704-1(b)(2)(ii)(a)

Three

requirements... 1.704-1(b)(2)(ii)(b)

Obligation to

restore

deficit...... 1.704-1(b)(2)(ii)(c)

Alternate test

for economic

effect....... 1.704-1(b)(2)(ii)(d)

Partial

economic

effect....... 1.704-1(b)(2)(ii)(e)

Reduction of

obligation to

restore...... 1.704-1(b)(2)(ii)(f)

Liquidation

defined...... 1.704-1(b)(2)(ii)(g)

Partnership

agreement

defined...... 1.704-1(b)(2)(ii)(h)

Economic

effect

equivalence... 1.704-1(b)(2)(ii)(i)

Substantiality... 1.704-1(b)(2)(iii)

General

rules........ 1.704-1(b)(2)(iii)(a)

Shifting tax

consequences... 1.704-1(b)(2)(iii)(b)

Transitory

allocations... 1.704-1(b)(2)(iii)(c)

Maintenance of

capital

accounts.......... 1.704-1(b)(2)(iv)

In general....... 1.704-1(b)(2)(iv)(a)

Basic rules...... 1.704-1(b)(2)(iv)(b)

Treatment of

liabilities..... 1.704-1(b)(2)(iv)(c)

Contributed

property........ 1.704-1(b)(2)(iv)(d)

In general.... 1.704-1(b)(2)(iv)(d)(1)

Contribution

of promissory

notes........ 1.704-1(b)(2)(iv)(d)(2)

Section 704(c)

considerations... 1.704-1(b)(2)(iv)(d)(3)

Distributed

property........ 1.704-1(b)(2)(iv)(e)

In general.... 1.704-1(b)(2)(iv)(e)(1)

Distribution

of promissory

notes........ 1.704-1(b)(2)(iv)(e)(2)

Revaluations of

property........ 1.704-1(b)(2)(iv)(f)

Adjustments to

reflect book

value........... 1.704-1(b)(2)(iv)(g)

In general.... 1.704-1(b)(2)(iv)(g)(1)

Payables and

receivables... 1.704-1(b)(2)(iv)(g)(2)

Determining

amount of

book items... 1.704-1(b)(2)(iv)(g)(3)

Determinations of

fair market

value........... 1.704-1(b)(2)(iv)(h)

Section

705(a)(2)(B)

expenditures.... 1.704-1(b)(2)(iv)(i)

In general.... 1.704-1(b)(2)(iv)(i)(1)

Expenses

described in

section

709.......... 1.704-1(b)(2)(iv)(i)(2)

Disallowed

losses....... 1.704-1(b)(2)(iv)(i)(3)

Basic adjustments

to section 38

property........ 1.704-1(b)(2)(iv)(j)(1)

Depletion of oil

and gas

properties...... 1.704-1(b)(2)(iv)(k)

In general.... 1.704-1(b)(2)(iv)(k)(1)

Simulated

depletion.... 1.704-1(b)(2)(iv)(k)(2)

Actual

depletion.... 1.704-1(b)(2)(iv)(k)(3)

Effect of book

values....... 1.704-1(b)(2)(iv)(k)(4)

Transfers of

partnership

interests....... 1.704-1(b)(2)(iv)(l)

Section 754

elections....... 1.704-1(b)(2)(iv)(m)

In general.... 1.704-1(b)(2)(iv)(m)(1)

Section 743

adjustments... 1.704-1(b)(2)(iv)(m)(2)

Section 732

adjustments... 1.704-1(b)(2)(iv)(m)(3)

Section 734

adjustments... 1.704-1(b)(2)(iv)(m)(4)

Limitations on

adjustments... 1.704-1(b)(2)(iv)(m)(5)

Partnership level

characterization... 1.704-1(b)(2)(iv)(n)

Guaranteed

payments........ 1.704-1(b)(2)(iv)(o)

Minor

discrepancies... 1.704-1(b)(2)(iv)(p)

Adjustments where

guidance is

lacking......... 1.704-1(b)(2)(iv)(q)

Restatement of

capital

accounts........ 1.704-1(b)(2)(iv)(r)

Partner's

interest in the

partnership..... 1.704-1(b)(3)

In general.... 1.704-1(b)(3)(i)

Factors

considered... 1.704-1(b)(3)(ii)

Certain

determinations... 1.704-1(b)(3)(iii)

Special rules.... 1.704-1(b)(4)

Allocations to

reflect

revaluations... 1.704-1(b)(4)(i)

Credits....... 1.704-1(b)(4)(ii)

Excess

percentage

depletion.... 1.704-1(b)(4)(iii)

Allocations

Attributable

to

nonrecourse

liabilities... 1.704-1(b)(4)(iv)

Allocations under

section

613A(c)(7)(D)... 1.704-1(b)(4)(v)

Amendments to

partnership

agreement....... 1.704-1(b)(4)(vi)

Recapture........ 1.704-1(b)(4)(vii)

Allocation of

creditable foreign

taxes........ 1.704-1(b)(4)(viii)

In general................. 1.704-1(b)(4)(viii)(a)

Creditable foreign tax 1.704-1(b)(4)(viii)(b)

expenditures (CFTEs).

Income to which CFTEs 1.704-1(b)(4)(viii)(c)

relate.

In general............. 1.704-1(b)(4)(viii)(c)(1)

CFTE category.......... 1.704-1(b)(4)(viii)(c)(2)

Net income in a CFTE 1.704-1(b)(4)(viii)(c)(3)

category.

Distributive shares of 1.704-1(b)(4)(viii)(c)(4)

income.

No net income in a CFTE 1.704-1(b)(4)(viii)(c)(5)

category.

Allocation and apportionment of 1.704-1(b)(4)(viii)(d)

CFTEs to CFTE categories.

In general................. 1.704-1(b)(4)(viii)(d)(1)

Timing and base differences 1.704-1(b)(4)(viii)(d)(2)

Special rules for inter- 1.704-1(b)(4)(viii)(d)(3)

branch payments.

Examples............ 1.704-1(b)(5)