This is a comprehensive outline of partnership tax law with a focus on the statutes of Subchapter K.
This course was taught by Prof. Ethan Yale without a case book, and the primary course materials were the statutes and the Cunningham & Cunningham "Logic of Subchapter K" hornbook.
Topics covered include:
Choice of entity (C vs S vs K)
partnership formation
inside and outside basis
capital accounting
substantial economic effect
character of gain and loss
non-recourse deductions
partnership minimum gain
partnership losses and liabilities
and the intricacies of Sections 704 and 707.
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