Posts Tagged Contributions

Court Denies Basis To Partners For Contributions of Notes, But Waives Penalties

The Tax Court has denied basis to individuals who contributed unfunded, unsecured notes to a partnership and claimed basis for the amounts on the notes. As a result, the partners’ bases in their partnership interests were too low for them to claim greater pass-through losses on their…

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The Woodlands

Humble

19747 US Hwy 59 N
Suite 205
Humble, Texas 77338

Our office is located inside the Chase building in Suite 205.

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