Web736(b) payments. If the payments are made as liquidating distributions for a partnership interest, they are IRC 736(b) payments and treated as received under the distribution rules set forth in IRC 731 and 732. If the payments are for a distributive share of t he partnership income or guaranteed payments, they are IRC 736(a) payments. WebHowever, where the total of section 736 (b) payments is a fixed sum, a retiring partner or a deceased partner's successor in interest may elect (in his tax return for the first taxable …

eCFR :: 26 CFR 1.736-1 -- Payments to a retiring partner or a …

WebThis section shall not apply to the extent otherwise provided by section 736 (relating to payments to a retiring partner or a deceased partner’s successor in interest), section 751 … WebSubchapter K - Partners and Partnerships PART II - CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS Subpart B - Distributions by a Partnership Sec. 736 - Payments to a retiring partner or a deceased partner's successor in interest Contains section 736 Date 2009 Laws In Effect As Of Date February 1, 2010 Positive Law No Disposition standard Source Credit asian paper lamps

26 U.S. Code § 751 - Unrealized receivables and inventory items

Webpayments he receives under section 736(b).16 The basis of the recipient in property, other than money, received as a section 736(b) payment is determined under section 732.17 Section 732(b) provides that the basis of a partner in property distributed in liquidation of his interest is equal to his basis in his interest in the partnership, Web§71. Alimony and separate maintenance pay-ments (a) General rule Gross income includes amounts received as al-imony or separate maintenance payments. (b) Alimony or separate maintenance payments defined For purposes of this section— (1) In general The term ‘‘alimony or separate maintenance payment’’ means any payment in cash if— http://archives.cpajournal.com/old/15611647.htm asian pantry duck sauce