id	sid	tid	token	lemma	pos
taxlaw-6680	1	1	microsoft	microsoft	PROPN
taxlaw-6680	1	2	word	word	NOUN
taxlaw-6680	1	3	zuo_a	zuo_a	PROPN
taxlaw-6680	1	4	gain	gain	NOUN
taxlaw-6680	1	5	must	must	AUX
taxlaw-6680	1	6	lie	lie	VERB
taxlaw-6680	1	7	where	where	SCONJ
taxlaw-6680	1	8	it	it	PRON
taxlaw-6680	1	9	falls	fall	VERB
taxlaw-6680	1	10	.docx	.docx	ADP
taxlaw-6680	1	11	a	a	DET
taxlaw-6680	1	12	gain	gain	NOUN
taxlaw-6680	1	13	must	must	AUX
taxlaw-6680	1	14	lie	lie	VERB
taxlaw-6680	1	15	where	where	SCONJ
taxlaw-6680	1	16	it	it	PRON
taxlaw-6680	1	17	falls	fall	VERB
taxlaw-6680	1	18	:	:	PUNCT
taxlaw-6680	1	19	matching	match	VERB
taxlaw-6680	1	20	tax	tax	NOUN
taxlaw-6680	1	21	with	with	ADP
taxlaw-6680	1	22	economics	economic	NOUN
taxlaw-6680	1	23	in	in	ADP
taxlaw-6680	1	24	subchapter	subchapter	NOUN
taxlaw-6680	1	25	k	k	PROPN
taxlaw-6680	1	26	zhiyuan	zhiyuan	PROPN
taxlaw-6680	1	27	zuo	zuo	PROPN
taxlaw-6680	1	28	*	*	PROPN
taxlaw-6680	1	29	abstract	abstract	ADJ
taxlaw-6680	1	30	society	society	NOUN
taxlaw-6680	1	31	suffers	suffer	VERB
taxlaw-6680	1	32	efficiency	efficiency	NOUN
taxlaw-6680	1	33	costs	cost	NOUN
taxlaw-6680	1	34	when	when	SCONJ
taxlaw-6680	1	35	tax	tax	NOUN
taxlaw-6680	1	36	and	and	CCONJ
taxlaw-6680	1	37	economics	economic	NOUN
taxlaw-6680	1	38	are	be	AUX
taxlaw-6680	1	39	mismatched	mismatch	VERB
taxlaw-6680	1	40	.	.	PUNCT
taxlaw-6680	2	1	this	this	DET
taxlaw-6680	2	2	principle	principle	NOUN
taxlaw-6680	2	3	is	be	AUX
taxlaw-6680	2	4	illustrated	illustrate	VERB
taxlaw-6680	2	5	by	by	ADP
taxlaw-6680	2	6	the	the	DET
taxlaw-6680	2	7	tax	tax	NOUN
taxlaw-6680	2	8	neutrality	neutrality	NOUN
taxlaw-6680	2	9	doctrines	doctrine	NOUN
taxlaw-6680	2	10	that	that	PRON
taxlaw-6680	2	11	are	be	AUX
taxlaw-6680	2	12	the	the	DET
taxlaw-6680	2	13	cornerstone	cornerstone	NOUN
taxlaw-6680	2	14	of	of	ADP
taxlaw-6680	2	15	the	the	DET
taxlaw-6680	2	16	u.s	u.s	PROPN
taxlaw-6680	2	17	.	.	PROPN
taxlaw-6680	2	18	international	international	ADJ
taxlaw-6680	2	19	tax	tax	NOUN
taxlaw-6680	2	20	system	system	NOUN
taxlaw-6680	2	21	and	and	CCONJ
taxlaw-6680	2	22	by	by	ADP
taxlaw-6680	2	23	the	the	DET
taxlaw-6680	2	24	beps	bep	NOUN
taxlaw-6680	2	25	’s	’s	PART
taxlaw-6680	2	26	efforts	effort	NOUN
taxlaw-6680	2	27	to	to	PART
taxlaw-6680	2	28	combat	combat	VERB
taxlaw-6680	2	29	arbitrary	arbitrary	ADJ
taxlaw-6680	2	30	income	income	NOUN
taxlaw-6680	2	31	shifting	shift	VERB
taxlaw-6680	2	32	.	.	PUNCT
taxlaw-6680	3	1	while	while	SCONJ
taxlaw-6680	3	2	society	society	NOUN
taxlaw-6680	3	3	has	have	VERB
taxlaw-6680	3	4	an	an	DET
taxlaw-6680	3	5	interest	interest	NOUN
taxlaw-6680	3	6	in	in	ADP
taxlaw-6680	3	7	maximizing	maximize	VERB
taxlaw-6680	3	8	pre	pre	ADJ
taxlaw-6680	3	9	-	-	ADJ
taxlaw-6680	3	10	tax	tax	ADJ
taxlaw-6680	3	11	income	income	NOUN
taxlaw-6680	3	12	from	from	ADP
taxlaw-6680	3	13	all	all	DET
taxlaw-6680	3	14	economic	economic	ADJ
taxlaw-6680	3	15	activities	activity	NOUN
taxlaw-6680	3	16	,	,	PUNCT
taxlaw-6680	3	17	self	self	NOUN
taxlaw-6680	3	18	-	-	PUNCT
taxlaw-6680	3	19	interested	interest	VERB
taxlaw-6680	3	20	taxpayers	taxpayer	NOUN
taxlaw-6680	3	21	seek	seek	VERB
taxlaw-6680	3	22	only	only	ADV
taxlaw-6680	3	23	to	to	PART
taxlaw-6680	3	24	maximize	maximize	VERB
taxlaw-6680	3	25	their	their	PRON
taxlaw-6680	3	26	aftertax	aftertax	ADJ
taxlaw-6680	3	27	income	income	NOUN
taxlaw-6680	3	28	.	.	PUNCT
taxlaw-6680	4	1	a	a	DET
taxlaw-6680	4	2	sound	sound	ADJ
taxlaw-6680	4	3	,	,	PUNCT
taxlaw-6680	4	4	non	non	ADJ
taxlaw-6680	4	5	-	-	ADJ
taxlaw-6680	4	6	arbitrary	arbitrary	ADJ
taxlaw-6680	4	7	tax	tax	NOUN
taxlaw-6680	4	8	policy	policy	NOUN
taxlaw-6680	4	9	must	must	AUX
taxlaw-6680	4	10	thus	thus	ADV
taxlaw-6680	4	11	incentivize	incentivize	VERB
taxlaw-6680	4	12	taxpayers	taxpayer	NOUN
taxlaw-6680	4	13	to	to	PART
taxlaw-6680	4	14	maximize	maximize	VERB
taxlaw-6680	4	15	both	both	DET
taxlaw-6680	4	16	their	their	PRON
taxlaw-6680	4	17	pre	pre	NOUN
taxlaw-6680	4	18	-	-	NOUN
taxlaw-6680	4	19	tax	tax	NOUN
taxlaw-6680	4	20	and	and	CCONJ
taxlaw-6680	4	21	after	after	ADP
taxlaw-6680	4	22	-	-	PUNCT
taxlaw-6680	4	23	tax	tax	NOUN
taxlaw-6680	4	24	income	income	NOUN
taxlaw-6680	4	25	.	.	PUNCT
taxlaw-6680	5	1	this	this	DET
taxlaw-6680	5	2	note	note	NOUN
taxlaw-6680	5	3	provides	provide	VERB
taxlaw-6680	5	4	a	a	DET
taxlaw-6680	5	5	novel	novel	ADJ
taxlaw-6680	5	6	efficiency	efficiency	NOUN
taxlaw-6680	5	7	analysis	analysis	NOUN
taxlaw-6680	5	8	of	of	ADP
taxlaw-6680	5	9	the	the	DET
taxlaw-6680	5	10	rules	rule	NOUN
taxlaw-6680	5	11	under	under	ADP
taxlaw-6680	5	12	subchapter	subchapter	NOUN
taxlaw-6680	5	13	k	k	PROPN
taxlaw-6680	5	14	and	and	CCONJ
taxlaw-6680	5	15	reveals	reveal	VERB
taxlaw-6680	5	16	the	the	DET
taxlaw-6680	5	17	efficiency	efficiency	NOUN
taxlaw-6680	5	18	costs	cost	NOUN
taxlaw-6680	5	19	that	that	PRON
taxlaw-6680	5	20	arise	arise	VERB
taxlaw-6680	5	21	when	when	SCONJ
taxlaw-6680	5	22	arbitrary	arbitrary	ADJ
taxlaw-6680	5	23	tax	tax	NOUN
taxlaw-6680	5	24	liabilities	liability	NOUN
taxlaw-6680	5	25	sever	sever	VERB
taxlaw-6680	5	26	the	the	DET
taxlaw-6680	5	27	positive	positive	ADJ
taxlaw-6680	5	28	connection	connection	NOUN
taxlaw-6680	5	29	between	between	ADP
taxlaw-6680	5	30	pretax	pretax	NOUN
taxlaw-6680	5	31	and	and	CCONJ
taxlaw-6680	5	32	after	after	ADP
taxlaw-6680	5	33	-	-	PUNCT
taxlaw-6680	5	34	tax	tax	NOUN
taxlaw-6680	5	35	income	income	NOUN
taxlaw-6680	5	36	.	.	PUNCT
taxlaw-6680	6	1	it	it	PRON
taxlaw-6680	6	2	applies	apply	VERB
taxlaw-6680	6	3	the	the	DET
taxlaw-6680	6	4	insight	insight	NOUN
taxlaw-6680	6	5	gained	gain	VERB
taxlaw-6680	6	6	from	from	ADP
taxlaw-6680	6	7	the	the	DET
taxlaw-6680	6	8	efficiency	efficiency	NOUN
taxlaw-6680	6	9	analysis	analysis	NOUN
taxlaw-6680	6	10	to	to	ADP
taxlaw-6680	6	11	the	the	DET
taxlaw-6680	6	12	treasury	treasury	NOUN
taxlaw-6680	6	13	’s	’s	PART
taxlaw-6680	6	14	various	various	ADJ
taxlaw-6680	6	15	flawed	flawed	ADJ
taxlaw-6680	6	16	efforts	effort	NOUN
taxlaw-6680	6	17	under	under	ADP
taxlaw-6680	6	18	subchapter	subchapter	NOUN
taxlaw-6680	6	19	k	k	PROPN
taxlaw-6680	6	20	to	to	PART
taxlaw-6680	6	21	match	match	VERB
taxlaw-6680	6	22	tax	tax	NOUN
taxlaw-6680	6	23	with	with	ADP
taxlaw-6680	6	24	economics	economic	NOUN
taxlaw-6680	6	25	,	,	PUNCT
taxlaw-6680	6	26	including	include	VERB
taxlaw-6680	6	27	the	the	DET
taxlaw-6680	6	28	substantial	substantial	ADJ
taxlaw-6680	6	29	economic	economic	ADJ
taxlaw-6680	6	30	effect	effect	NOUN
taxlaw-6680	6	31	(	(	PUNCT
taxlaw-6680	6	32	see	see	VERB
taxlaw-6680	6	33	)	)	PUNCT
taxlaw-6680	6	34	safe	safe	ADJ
taxlaw-6680	6	35	harbor	harbor	NOUN
taxlaw-6680	6	36	and	and	CCONJ
taxlaw-6680	6	37	doctrines	doctrine	NOUN
taxlaw-6680	6	38	under	under	ADP
taxlaw-6680	6	39	section	section	NOUN
taxlaw-6680	6	40	704(c	704(c	PROPN
taxlaw-6680	6	41	)	)	PUNCT
taxlaw-6680	6	42	.	.	PUNCT
taxlaw-6680	7	1	the	the	DET
taxlaw-6680	7	2	article	article	NOUN
taxlaw-6680	7	3	then	then	ADV
taxlaw-6680	7	4	explores	explore	VERB
taxlaw-6680	7	5	alternatives	alternative	NOUN
taxlaw-6680	7	6	to	to	ADP
taxlaw-6680	7	7	the	the	DET
taxlaw-6680	7	8	treasury	treasury	NOUN
taxlaw-6680	7	9	’s	’s	PART
taxlaw-6680	7	10	“	"	PUNCT
taxlaw-6680	7	11	one	one	NUM
taxlaw-6680	7	12	-	-	PUNCT
taxlaw-6680	7	13	size	size	NOUN
taxlaw-6680	7	14	-	-	PUNCT
taxlaw-6680	7	15	fits	fit	VERB
taxlaw-6680	7	16	-	-	PUNCT
taxlaw-6680	7	17	all	all	PRON
taxlaw-6680	7	18	”	"	PUNCT
taxlaw-6680	7	19	solution	solution	NOUN
taxlaw-6680	7	20	,	,	PUNCT
taxlaw-6680	7	21	focusing	focus	VERB
taxlaw-6680	7	22	on	on	ADP
taxlaw-6680	7	23	a	a	DET
taxlaw-6680	7	24	detailed	detailed	ADJ
taxlaw-6680	7	25	analysis	analysis	NOUN
taxlaw-6680	7	26	of	of	ADP
taxlaw-6680	7	27	the	the	DET
taxlaw-6680	7	28	economic	economic	ADJ
taxlaw-6680	7	29	effect	effect	NOUN
taxlaw-6680	7	30	equivalence	equivalence	NOUN
taxlaw-6680	7	31	(	(	PUNCT
taxlaw-6680	7	32	eee	eee	NOUN
taxlaw-6680	7	33	)	)	PUNCT
taxlaw-6680	7	34	test	test	NOUN
taxlaw-6680	7	35	and	and	CCONJ
taxlaw-6680	7	36	so	so	ADV
taxlaw-6680	7	37	-	-	PUNCT
taxlaw-6680	7	38	called	call	VERB
taxlaw-6680	7	39	target	target	NOUN
taxlaw-6680	7	40	allocations	allocation	NOUN
taxlaw-6680	7	41	.	.	PUNCT
taxlaw-6680	8	1	after	after	ADP
taxlaw-6680	8	2	revealing	reveal	VERB
taxlaw-6680	8	3	the	the	DET
taxlaw-6680	8	4	tension	tension	NOUN
taxlaw-6680	8	5	between	between	ADP
taxlaw-6680	8	6	target	target	NOUN
taxlaw-6680	8	7	allocations	allocation	NOUN
taxlaw-6680	8	8	and	and	CCONJ
taxlaw-6680	8	9	some	some	PRON
taxlaw-6680	8	10	of	of	ADP
taxlaw-6680	8	11	the	the	DET
taxlaw-6680	8	12	fundamental	fundamental	ADJ
taxlaw-6680	8	13	principles	principle	NOUN
taxlaw-6680	8	14	of	of	ADP
taxlaw-6680	8	15	section	section	NOUN
taxlaw-6680	8	16	704	704	NUM
taxlaw-6680	8	17	regulations	regulation	NOUN
taxlaw-6680	8	18	,	,	PUNCT
taxlaw-6680	8	19	the	the	DET
taxlaw-6680	8	20	article	article	NOUN
taxlaw-6680	8	21	presents	present	VERB
taxlaw-6680	8	22	a	a	DET
taxlaw-6680	8	23	solution	solution	NOUN
taxlaw-6680	8	24	to	to	ADP
taxlaw-6680	8	25	the	the	DET
taxlaw-6680	8	26	longdebated	longdebate	VERB
taxlaw-6680	8	27	capital	capital	NOUN
taxlaw-6680	8	28	shift	shift	NOUN
taxlaw-6680	8	29	problem	problem	NOUN
taxlaw-6680	8	30	inherent	inherent	ADJ
taxlaw-6680	8	31	in	in	ADP
taxlaw-6680	8	32	target	target	NOUN
taxlaw-6680	8	33	allocations	allocation	NOUN
taxlaw-6680	8	34	.	.	PUNCT
taxlaw-6680	9	1	*	*	PUNCT
taxlaw-6680	9	2	j.d	j.d	PROPN
taxlaw-6680	9	3	.	.	PROPN
taxlaw-6680	9	4	2019	2019	NUM
taxlaw-6680	9	5	,	,	PUNCT
taxlaw-6680	9	6	columbia	columbia	PROPN
taxlaw-6680	9	7	law	law	PROPN
taxlaw-6680	9	8	school	school	NOUN
taxlaw-6680	9	9	.	.	PUNCT
taxlaw-6680	10	1	i	i	PRON
taxlaw-6680	10	2	would	would	AUX
taxlaw-6680	10	3	like	like	VERB
taxlaw-6680	10	4	to	to	PART
taxlaw-6680	10	5	thank	thank	VERB
taxlaw-6680	10	6	stuart	stuart	PROPN
taxlaw-6680	10	7	l.	l.	PROPN
taxlaw-6680	10	8	rosow	rosow	PROPN
taxlaw-6680	10	9	,	,	PUNCT
taxlaw-6680	10	10	sonia	sonia	PROPN
taxlaw-6680	10	11	katharani	katharani	PROPN
taxlaw-6680	10	12	-	-	PUNCT
taxlaw-6680	10	13	khan	khan	PROPN
taxlaw-6680	10	14	and	and	CCONJ
taxlaw-6680	10	15	ivy	ivy	PROPN
taxlaw-6680	10	16	xiaotian	xiaotian	PROPN
taxlaw-6680	10	17	yao	yao	PROPN
taxlaw-6680	10	18	for	for	ADP
taxlaw-6680	10	19	their	their	PRON
taxlaw-6680	10	20	helpful	helpful	ADJ
taxlaw-6680	10	21	comments	comment	NOUN
taxlaw-6680	10	22	and	and	CCONJ
taxlaw-6680	10	23	encouragement	encouragement	NOUN
taxlaw-6680	10	24	.	.	PUNCT
taxlaw-6680	11	1	[	[	X
taxlaw-6680	11	2	vol	vol	NOUN
taxlaw-6680	11	3	.	.	PUNCT
taxlaw-6680	11	4	11:1	11:1	NUM
taxlaw-6680	11	5	columbia	columbia	PROPN
taxlaw-6680	11	6	journal	journal	PROPN
taxlaw-6680	11	7	of	of	ADP
taxlaw-6680	11	8	tax	tax	NOUN
taxlaw-6680	11	9	law	law	NOUN
taxlaw-6680	11	10	104	104	NUM
taxlaw-6680	11	11	table	table	NOUN
taxlaw-6680	11	12	of	of	ADP
taxlaw-6680	11	13	contents	content	NOUN
taxlaw-6680	11	14	i.	i.	NOUN
taxlaw-6680	11	15	introduction	introduction	NOUN
taxlaw-6680	11	16	:	:	PUNCT
taxlaw-6680	11	17	arbitrary	arbitrary	ADJ
taxlaw-6680	11	18	tax	tax	NOUN
taxlaw-6680	11	19	liabilities	liability	NOUN
taxlaw-6680	11	20	....................................................	....................................................	PUNCT
taxlaw-6680	11	21	105	105	NUM
taxlaw-6680	11	22	ii	ii	NOUN
taxlaw-6680	11	23	.	.	PUNCT
taxlaw-6680	11	24	efficiency	efficiency	NOUN
taxlaw-6680	11	25	costs	cost	NOUN
taxlaw-6680	11	26	due	due	ADJ
taxlaw-6680	11	27	to	to	ADP
taxlaw-6680	11	28	tax	tax	NOUN
taxlaw-6680	11	29	-	-	PUNCT
taxlaw-6680	11	30	economics	economics	NOUN
taxlaw-6680	11	31	mismatches	mismatch	NOUN
taxlaw-6680	11	32	in	in	ADP
taxlaw-6680	11	33	subchapter	subchapter	NOUN
taxlaw-6680	11	34	k	k	PROPN
taxlaw-6680	11	35	106	106	NUM
taxlaw-6680	11	36	a.	a.	NOUN
taxlaw-6680	11	37	the	the	DET
taxlaw-6680	11	38	flexibility	flexibility	NOUN
taxlaw-6680	11	39	of	of	ADP
taxlaw-6680	11	40	subchapter	subchapter	NOUN
taxlaw-6680	11	41	k	k	PROPN
taxlaw-6680	11	42	.................................................................................	.................................................................................	PUNCT
taxlaw-6680	11	43	106	106	NUM
taxlaw-6680	11	44	b.	b.	NOUN
taxlaw-6680	12	1	the	the	DET
taxlaw-6680	12	2	problem	problem	NOUN
taxlaw-6680	12	3	of	of	ADP
taxlaw-6680	12	4	unintended	unintended	ADJ
taxlaw-6680	12	5	government	government	NOUN
taxlaw-6680	12	6	subsidies	subsidy	NOUN
taxlaw-6680	12	7	.................................................	.................................................	PUNCT
taxlaw-6680	13	1	107	107	NUM
taxlaw-6680	13	2	c.	c.	NOUN
taxlaw-6680	13	3	the	the	DET
taxlaw-6680	13	4	orrisch	orrisch	PROPN
taxlaw-6680	13	5	case	case	NOUN
taxlaw-6680	13	6	and	and	CCONJ
taxlaw-6680	13	7	the	the	DET
taxlaw-6680	13	8	problem	problem	NOUN
taxlaw-6680	13	9	of	of	ADP
taxlaw-6680	13	10	capital	capital	NOUN
taxlaw-6680	13	11	market	market	NOUN
taxlaw-6680	13	12	failure	failure	NOUN
taxlaw-6680	13	13	.............................	.............................	PUNCT
taxlaw-6680	13	14	110	110	NUM
taxlaw-6680	13	15	d.	d.	NOUN
taxlaw-6680	13	16	allocation	allocation	NOUN
taxlaw-6680	13	17	of	of	ADP
taxlaw-6680	13	18	nonrecourse	nonrecourse	NOUN
taxlaw-6680	13	19	deductions	deduction	NOUN
taxlaw-6680	13	20	and	and	CCONJ
taxlaw-6680	13	21	the	the	DET
taxlaw-6680	13	22	treasury	treasury	NOUN
taxlaw-6680	13	23	’s	’s	PART
taxlaw-6680	13	24	solution	solution	NOUN
taxlaw-6680	13	25	................	................	PUNCT
taxlaw-6680	13	26	112	112	NUM
taxlaw-6680	13	27	iii	iii	NOUN
taxlaw-6680	13	28	.	.	PUNCT
taxlaw-6680	14	1	the	the	DET
taxlaw-6680	14	2	substantial	substantial	ADJ
taxlaw-6680	14	3	economic	economic	ADJ
taxlaw-6680	14	4	effect	effect	NOUN
taxlaw-6680	14	5	safe	safe	ADJ
taxlaw-6680	14	6	harbor	harbor	NOUN
taxlaw-6680	14	7	:	:	PUNCT
taxlaw-6680	14	8	one	one	NUM
taxlaw-6680	14	9	size	size	NOUN
taxlaw-6680	14	10	fits	fit	VERB
taxlaw-6680	14	11	all	all	PRON
taxlaw-6680	14	12	?	?	PUNCT
taxlaw-6680	14	13	.	.	PUNCT
taxlaw-6680	15	1	114	114	NUM
taxlaw-6680	15	2	a.	a.	NOUN
taxlaw-6680	15	3	economic	economic	ADJ
taxlaw-6680	15	4	effect	effect	NOUN
taxlaw-6680	15	5	...........................................................................................................	...........................................................................................................	PUNCT
taxlaw-6680	15	6	114	114	NUM
taxlaw-6680	15	7	b.	b.	PROPN
taxlaw-6680	15	8	mismatch	mismatch	NOUN
taxlaw-6680	15	9	between	between	ADP
taxlaw-6680	15	10	tax	tax	NOUN
taxlaw-6680	15	11	and	and	CCONJ
taxlaw-6680	15	12	economic	economic	ADJ
taxlaw-6680	15	13	under	under	ADP
taxlaw-6680	15	14	the	the	DET
taxlaw-6680	15	15	treasury	treasury	NOUN
taxlaw-6680	15	16	’s	’s	PART
taxlaw-6680	15	17	capital	capital	NOUN
taxlaw-6680	15	18	account	account	NOUN
taxlaw-6680	15	19	approach	approach	NOUN
taxlaw-6680	15	20	..............................................................................................................................	..............................................................................................................................	PUNCT
taxlaw-6680	16	1	115	115	NUM
taxlaw-6680	16	2	1	1	NUM
taxlaw-6680	16	3	.	.	PUNCT
taxlaw-6680	17	1	the	the	DET
taxlaw-6680	17	2	“	"	PUNCT
taxlaw-6680	17	3	ceiling	ceiling	NOUN
taxlaw-6680	17	4	rule	rule	NOUN
taxlaw-6680	17	5	”	"	PUNCT
taxlaw-6680	17	6	issue	issue	NOUN
taxlaw-6680	17	7	...............................................................................................	...............................................................................................	PUNCT
taxlaw-6680	17	8	115	115	NUM
taxlaw-6680	17	9	2	2	NUM
taxlaw-6680	17	10	.	.	PUNCT
taxlaw-6680	18	1	the	the	DET
taxlaw-6680	18	2	book	book	NOUN
taxlaw-6680	18	3	-	-	PUNCT
taxlaw-6680	18	4	tax	tax	NOUN
taxlaw-6680	18	5	disparity	disparity	NOUN
taxlaw-6680	18	6	and	and	CCONJ
taxlaw-6680	18	7	section	section	NOUN
taxlaw-6680	18	8	704(c	704(c	PROPN
taxlaw-6680	18	9	)	)	PUNCT
taxlaw-6680	18	10	...............................................................	...............................................................	PUNCT
taxlaw-6680	19	1	116	116	NUM
taxlaw-6680	19	2	3	3	X
taxlaw-6680	19	3	.	.	PUNCT
taxlaw-6680	20	1	the	the	DET
taxlaw-6680	20	2	abuse	abuse	NOUN
taxlaw-6680	20	3	of	of	ADP
taxlaw-6680	20	4	dro	dro	PROPN
taxlaw-6680	20	5	and	and	CCONJ
taxlaw-6680	20	6	bottom	bottom	ADJ
taxlaw-6680	20	7	dollar	dollar	NOUN
taxlaw-6680	20	8	payment	payment	NOUN
taxlaw-6680	20	9	obligations	obligation	NOUN
taxlaw-6680	20	10	.................................	.................................	PUNCT
taxlaw-6680	20	11	118	118	NUM
taxlaw-6680	20	12	c.	c.	PROPN
taxlaw-6680	20	13	economic	economic	ADJ
taxlaw-6680	20	14	effect	effect	NOUN
taxlaw-6680	20	15	equivalence	equivalence	NOUN
taxlaw-6680	20	16	:	:	PUNCT
taxlaw-6680	20	17	solution	solution	NOUN
taxlaw-6680	20	18	to	to	ADP
taxlaw-6680	20	19	one	one	NUM
taxlaw-6680	20	20	size	size	NOUN
taxlaw-6680	20	21	fits	fit	VERB
taxlaw-6680	20	22	all	all	PRON
taxlaw-6680	20	23	?	?	PUNCT
taxlaw-6680	20	24	...............................	...............................	PUNCT
taxlaw-6680	21	1	121	121	NUM
taxlaw-6680	21	2	1	1	NUM
taxlaw-6680	21	3	.	.	PUNCT
taxlaw-6680	22	1	the	the	DET
taxlaw-6680	22	2	four	four	NUM
taxlaw-6680	22	3	-	-	PUNCT
taxlaw-6680	22	4	part	part	NOUN
taxlaw-6680	22	5	analysis	analysis	NOUN
taxlaw-6680	22	6	for	for	ADP
taxlaw-6680	22	7	economic	economic	ADJ
taxlaw-6680	22	8	effect	effect	NOUN
taxlaw-6680	22	9	equivalence	equivalence	NOUN
taxlaw-6680	22	10	....................................	....................................	PUNCT
taxlaw-6680	22	11	121	121	NUM
taxlaw-6680	22	12	2	2	NUM
taxlaw-6680	22	13	.	.	PUNCT
taxlaw-6680	23	1	“	"	PUNCT
taxlaw-6680	23	2	regardless	regardless	ADV
taxlaw-6680	23	3	of	of	ADP
taxlaw-6680	23	4	the	the	DET
taxlaw-6680	23	5	economic	economic	ADJ
taxlaw-6680	23	6	performance	performance	NOUN
taxlaw-6680	23	7	of	of	ADP
taxlaw-6680	23	8	the	the	DET
taxlaw-6680	23	9	partnership	partnership	NOUN
taxlaw-6680	23	10	”	"	PUNCT
taxlaw-6680	23	11	—	—	PUNCT
taxlaw-6680	23	12	what	what	PRON
taxlaw-6680	23	13	does	do	AUX
taxlaw-6680	23	14	it	it	PRON
taxlaw-6680	23	15	mean	mean	VERB
taxlaw-6680	23	16	?	?	PUNCT
taxlaw-6680	24	1	....................................................................................................................................	....................................................................................................................................	PUNCT
taxlaw-6680	25	1	123	123	NUM
taxlaw-6680	25	2	3	3	NUM
taxlaw-6680	25	3	.	.	PUNCT
taxlaw-6680	25	4	dro	dro	PROPN
taxlaw-6680	25	5	requirement	requirement	NOUN
taxlaw-6680	25	6	and	and	CCONJ
taxlaw-6680	25	7	the	the	DET
taxlaw-6680	25	8	eee	eee	NOUN
taxlaw-6680	25	9	test	test	NOUN
taxlaw-6680	25	10	...........................................................................	...........................................................................	PUNCT
taxlaw-6680	26	1	126	126	NUM
taxlaw-6680	26	2	4	4	NUM
taxlaw-6680	26	3	.	.	PUNCT
taxlaw-6680	26	4	nonrecourse	nonrecourse	NOUN
taxlaw-6680	26	5	deductions	deduction	NOUN
taxlaw-6680	26	6	and	and	CCONJ
taxlaw-6680	26	7	the	the	DET
taxlaw-6680	26	8	eee	eee	NOUN
taxlaw-6680	26	9	test	test	NOUN
taxlaw-6680	26	10	..............................................................	..............................................................	PUNCT
taxlaw-6680	27	1	129	129	NUM
taxlaw-6680	27	2	5	5	NUM
taxlaw-6680	27	3	.	.	PUNCT
taxlaw-6680	27	4	when	when	SCONJ
taxlaw-6680	27	5	“	"	PUNCT
taxlaw-6680	27	6	reasonable	reasonable	ADJ
taxlaw-6680	27	7	”	"	PUNCT
taxlaw-6680	27	8	expectation	expectation	NOUN
taxlaw-6680	27	9	fails	fail	VERB
taxlaw-6680	27	10	......................................................................	......................................................................	PUNCT
taxlaw-6680	27	11	130	130	NUM
taxlaw-6680	27	12	iv	iv	NOUN
taxlaw-6680	27	13	.	.	PUNCT
taxlaw-6680	27	14	target	target	NOUN
taxlaw-6680	27	15	allocation	allocation	NOUN
taxlaw-6680	27	16	:	:	PUNCT
taxlaw-6680	27	17	a	a	DET
taxlaw-6680	27	18	better	well	ADJ
taxlaw-6680	27	19	alternative	alternative	NOUN
taxlaw-6680	27	20	?	?	PUNCT
taxlaw-6680	28	1	...............................................	...............................................	PUNCT
taxlaw-6680	29	1	132	132	NUM
taxlaw-6680	29	2	a.	a.	NOUN
taxlaw-6680	29	3	capital	capital	NOUN
taxlaw-6680	29	4	shifting	shift	VERB
taxlaw-6680	29	5	and	and	CCONJ
taxlaw-6680	29	6	tax	tax	NOUN
taxlaw-6680	29	7	avoidance	avoidance	NOUN
taxlaw-6680	29	8	motive	motive	NOUN
taxlaw-6680	29	9	............................................................	............................................................	PUNCT
taxlaw-6680	29	10	133	133	NUM
taxlaw-6680	29	11	b.	b.	NOUN
taxlaw-6680	29	12	guaranteed	guarantee	VERB
taxlaw-6680	29	13	payment	payment	NOUN
taxlaw-6680	29	14	as	as	ADP
taxlaw-6680	29	15	an	an	DET
taxlaw-6680	29	16	alternative	alternative	NOUN
taxlaw-6680	29	17	to	to	ADP
taxlaw-6680	29	18	capital	capital	NOUN
taxlaw-6680	29	19	shifting	shift	VERB
taxlaw-6680	29	20	.................................	.................................	PUNCT
taxlaw-6680	29	21	135	135	NUM
taxlaw-6680	29	22	1	1	NUM
taxlaw-6680	29	23	.	.	PUNCT
taxlaw-6680	29	24	allocation	allocation	NOUN
taxlaw-6680	29	25	of	of	ADP
taxlaw-6680	29	26	guaranteed	guarantee	VERB
taxlaw-6680	29	27	payment	payment	NOUN
taxlaw-6680	29	28	:	:	PUNCT
taxlaw-6680	29	29	answer	answer	NOUN
taxlaw-6680	29	30	to	to	ADP
taxlaw-6680	29	31	the	the	DET
taxlaw-6680	29	32	first	first	ADJ
taxlaw-6680	29	33	question	question	NOUN
taxlaw-6680	29	34	.....................	.....................	PUNCT
taxlaw-6680	29	35	137	137	NUM
taxlaw-6680	29	36	2	2	NUM
taxlaw-6680	29	37	.	.	PUNCT
taxlaw-6680	30	1	limitation	limitation	NOUN
taxlaw-6680	30	2	on	on	ADP
taxlaw-6680	30	3	using	use	VERB
taxlaw-6680	30	4	guaranteed	guarantee	VERB
taxlaw-6680	30	5	payment	payment	NOUN
taxlaw-6680	30	6	to	to	PART
taxlaw-6680	30	7	satisfy	satisfy	VERB
taxlaw-6680	30	8	the	the	DET
taxlaw-6680	30	9	see	see	ADJ
taxlaw-6680	30	10	safe	safe	ADJ
taxlaw-6680	30	11	harbor	harbor	NOUN
taxlaw-6680	30	12	:	:	PUNCT
taxlaw-6680	30	13	answer	answer	VERB
taxlaw-6680	30	14	to	to	ADP
taxlaw-6680	30	15	the	the	DET
taxlaw-6680	30	16	second	second	ADJ
taxlaw-6680	30	17	question	question	NOUN
taxlaw-6680	30	18	.......................................................................................................	.......................................................................................................	PUNCT
taxlaw-6680	31	1	138	138	NUM
taxlaw-6680	31	2	3	3	NUM
taxlaw-6680	31	3	.	.	PUNCT
taxlaw-6680	32	1	a	a	DET
taxlaw-6680	32	2	summary	summary	NOUN
taxlaw-6680	32	3	of	of	ADP
taxlaw-6680	32	4	the	the	DET
taxlaw-6680	32	5	capital	capital	NOUN
taxlaw-6680	32	6	shift	shift	NOUN
taxlaw-6680	32	7	discussion	discussion	NOUN
taxlaw-6680	32	8	so	so	ADV
taxlaw-6680	32	9	far	far	ADV
taxlaw-6680	32	10	..................................................	..................................................	PUNCT
taxlaw-6680	32	11	139	139	NUM
taxlaw-6680	32	12	4	4	NUM
taxlaw-6680	32	13	.	.	PUNCT
taxlaw-6680	32	14	book	book	NOUN
taxlaw-6680	32	15	-	-	PUNCT
taxlaw-6680	32	16	equal	equal	ADJ
taxlaw-6680	32	17	-	-	PUNCT
taxlaw-6680	32	18	to	to	ADP
taxlaw-6680	32	19	-	-	PUNCT
taxlaw-6680	32	20	value	value	NOUN
taxlaw-6680	32	21	assumption	assumption	NOUN
taxlaw-6680	32	22	:	:	PUNCT
taxlaw-6680	32	23	revisited	revisit	VERB
taxlaw-6680	32	24	...........................................................	...........................................................	PUNCT
taxlaw-6680	32	25	139	139	NUM
taxlaw-6680	32	26	v.	v.	ADP
taxlaw-6680	32	27	conclusion	conclusion	NOUN
taxlaw-6680	32	28	.................................................................................................................	.................................................................................................................	PUNCT
taxlaw-6680	33	1	140	140	NUM
taxlaw-6680	33	2	2019	2019	NUM
taxlaw-6680	33	3	]	]	PUNCT
taxlaw-6680	33	4	a	a	DET
taxlaw-6680	33	5	gain	gain	NOUN
taxlaw-6680	33	6	must	must	AUX
taxlaw-6680	33	7	lie	lie	VERB
taxlaw-6680	33	8	where	where	SCONJ
taxlaw-6680	33	9	it	it	PRON
taxlaw-6680	33	10	falls	fall	VERB
taxlaw-6680	33	11	:	:	PUNCT
taxlaw-6680	33	12	matching	match	VERB
taxlaw-6680	33	13	tax	tax	NOUN
taxlaw-6680	33	14	with	with	ADP
taxlaw-6680	33	15	economics	economic	NOUN
taxlaw-6680	33	16	in	in	ADP
taxlaw-6680	33	17	subchapter	subchapter	NOUN
taxlaw-6680	33	18	k	k	PROPN
taxlaw-6680	33	19	105	105	NUM
taxlaw-6680	33	20	i.	i.	NOUN
taxlaw-6680	33	21	introduction	introduction	NOUN
taxlaw-6680	33	22	:	:	PUNCT
taxlaw-6680	33	23	arbitrary	arbitrary	ADJ
taxlaw-6680	33	24	tax	tax	NOUN
taxlaw-6680	33	25	liabilities	liability	NOUN
taxlaw-6680	33	26	a	a	DET
taxlaw-6680	33	27	famous	famous	ADJ
taxlaw-6680	33	28	principle	principle	NOUN
taxlaw-6680	33	29	of	of	ADP
taxlaw-6680	33	30	tort	tort	NOUN
taxlaw-6680	33	31	liability	liability	NOUN
taxlaw-6680	33	32	is	be	AUX
taxlaw-6680	33	33	that	that	SCONJ
taxlaw-6680	33	34	a	a	DET
taxlaw-6680	33	35	loss	loss	NOUN
taxlaw-6680	33	36	must	must	AUX
taxlaw-6680	33	37	lie	lie	VERB
taxlaw-6680	33	38	where	where	SCONJ
taxlaw-6680	33	39	it	it	PRON
taxlaw-6680	33	40	falls	fall	VERB
taxlaw-6680	33	41	.	.	PUNCT
taxlaw-6680	34	1	it	it	PRON
taxlaw-6680	34	2	reflects	reflect	VERB
taxlaw-6680	34	3	a	a	DET
taxlaw-6680	34	4	longstanding	longstanding	ADJ
taxlaw-6680	34	5	view	view	NOUN
taxlaw-6680	34	6	that	that	SCONJ
taxlaw-6680	34	7	the	the	DET
taxlaw-6680	34	8	law	law	NOUN
taxlaw-6680	34	9	should	should	AUX
taxlaw-6680	34	10	not	not	PART
taxlaw-6680	34	11	arbitrarily	arbitrarily	ADV
taxlaw-6680	34	12	reallocate	reallocate	VERB
taxlaw-6680	34	13	economic	economic	ADJ
taxlaw-6680	34	14	risks	risk	NOUN
taxlaw-6680	34	15	that	that	PRON
taxlaw-6680	34	16	parties	party	NOUN
taxlaw-6680	34	17	have	have	AUX
taxlaw-6680	34	18	assumed	assume	VERB
taxlaw-6680	34	19	ex	ex	PRON
taxlaw-6680	34	20	ante.1the	ante.1the	DET
taxlaw-6680	34	21	rationale	rationale	NOUN
taxlaw-6680	34	22	behind	behind	ADP
taxlaw-6680	34	23	this	this	DET
taxlaw-6680	34	24	principle	principle	NOUN
taxlaw-6680	34	25	is	be	AUX
taxlaw-6680	34	26	that	that	SCONJ
taxlaw-6680	34	27	the	the	DET
taxlaw-6680	34	28	risk	risk	NOUN
taxlaw-6680	34	29	of	of	ADP
taxlaw-6680	34	30	arbitrary	arbitrary	ADJ
taxlaw-6680	34	31	tort	tort	NOUN
taxlaw-6680	34	32	liabilities	liability	NOUN
taxlaw-6680	34	33	may	may	AUX
taxlaw-6680	34	34	lead	lead	VERB
taxlaw-6680	34	35	to	to	ADP
taxlaw-6680	34	36	inefficient	inefficient	ADJ
taxlaw-6680	34	37	ex	ex	PROPN
taxlaw-6680	34	38	ante	ante	NOUN
taxlaw-6680	34	39	allocations	allocation	NOUN
taxlaw-6680	34	40	of	of	ADP
taxlaw-6680	34	41	realized	realize	VERB
taxlaw-6680	34	42	social	social	ADJ
taxlaw-6680	34	43	risks.2	risks.2	NOUN
taxlaw-6680	34	44	similarly	similarly	ADV
taxlaw-6680	34	45	,	,	PUNCT
taxlaw-6680	34	46	the	the	DET
taxlaw-6680	34	47	risk	risk	NOUN
taxlaw-6680	34	48	of	of	ADP
taxlaw-6680	34	49	tax	tax	NOUN
taxlaw-6680	34	50	liabilities	liability	NOUN
taxlaw-6680	34	51	that	that	PRON
taxlaw-6680	34	52	distort	distort	VERB
taxlaw-6680	34	53	after	after	ADP
taxlaw-6680	34	54	-	-	PUNCT
taxlaw-6680	34	55	tax	tax	NOUN
taxlaw-6680	34	56	payoffs	payoff	NOUN
taxlaw-6680	34	57	of	of	ADP
taxlaw-6680	34	58	transactions	transaction	NOUN
taxlaw-6680	34	59	may	may	AUX
taxlaw-6680	34	60	incentivize	incentivize	VERB
taxlaw-6680	34	61	transactions	transaction	NOUN
taxlaw-6680	34	62	that	that	PRON
taxlaw-6680	34	63	fail	fail	VERB
taxlaw-6680	34	64	to	to	PART
taxlaw-6680	34	65	maximize	maximize	VERB
taxlaw-6680	34	66	pre	pre	ADJ
taxlaw-6680	34	67	-	-	ADJ
taxlaw-6680	34	68	tax	tax	ADJ
taxlaw-6680	34	69	payoffs.3	payoffs.3	NOUN
taxlaw-6680	34	70	individuals	individual	NOUN
taxlaw-6680	34	71	generally	generally	ADV
taxlaw-6680	34	72	have	have	VERB
taxlaw-6680	34	73	an	an	DET
taxlaw-6680	34	74	incentive	incentive	NOUN
taxlaw-6680	34	75	to	to	PART
taxlaw-6680	34	76	engage	engage	VERB
taxlaw-6680	34	77	in	in	ADP
taxlaw-6680	34	78	transactions	transaction	NOUN
taxlaw-6680	34	79	that	that	PRON
taxlaw-6680	34	80	maximize	maximize	VERB
taxlaw-6680	34	81	personal	personal	ADJ
taxlaw-6680	34	82	wealth	wealth	NOUN
taxlaw-6680	34	83	.	.	PUNCT
taxlaw-6680	35	1	the	the	DET
taxlaw-6680	35	2	transactions	transaction	NOUN
taxlaw-6680	35	3	that	that	PRON
taxlaw-6680	35	4	maximize	maximize	VERB
taxlaw-6680	35	5	personal	personal	ADJ
taxlaw-6680	35	6	wealth	wealth	NOUN
taxlaw-6680	35	7	also	also	ADV
taxlaw-6680	35	8	maximize	maximize	VERB
taxlaw-6680	35	9	societal	societal	ADJ
taxlaw-6680	35	10	wealth	wealth	NOUN
taxlaw-6680	35	11	.	.	PUNCT
taxlaw-6680	36	1	therefore	therefore	ADV
taxlaw-6680	36	2	,	,	PUNCT
taxlaw-6680	36	3	in	in	ADP
taxlaw-6680	36	4	the	the	DET
taxlaw-6680	36	5	absence	absence	NOUN
taxlaw-6680	36	6	of	of	ADP
taxlaw-6680	36	7	taxes	taxis	NOUN
taxlaw-6680	36	8	,	,	PUNCT
taxlaw-6680	36	9	individuals	individual	NOUN
taxlaw-6680	36	10	pursue	pursue	VERB
taxlaw-6680	36	11	socially	socially	ADV
taxlaw-6680	36	12	beneficial	beneficial	ADJ
taxlaw-6680	36	13	transactions	transaction	NOUN
taxlaw-6680	36	14	in	in	ADP
taxlaw-6680	36	15	a	a	DET
taxlaw-6680	36	16	selfish	selfish	ADJ
taxlaw-6680	36	17	attempt	attempt	NOUN
taxlaw-6680	36	18	to	to	PART
taxlaw-6680	36	19	maximize	maximize	VERB
taxlaw-6680	36	20	their	their	PRON
taxlaw-6680	36	21	own	own	ADJ
taxlaw-6680	36	22	welfare	welfare	NOUN
taxlaw-6680	36	23	.	.	PUNCT
taxlaw-6680	37	1	under	under	ADP
taxlaw-6680	37	2	a	a	DET
taxlaw-6680	37	3	sound	sound	ADJ
taxlaw-6680	37	4	tax	tax	NOUN
taxlaw-6680	37	5	policy	policy	NOUN
taxlaw-6680	37	6	,	,	PUNCT
taxlaw-6680	37	7	the	the	DET
taxlaw-6680	37	8	transactions	transaction	NOUN
taxlaw-6680	37	9	that	that	PRON
taxlaw-6680	37	10	maximize	maximize	VERB
taxlaw-6680	37	11	pre	pre	ADJ
taxlaw-6680	37	12	-	-	ADJ
taxlaw-6680	37	13	tax	tax	ADJ
taxlaw-6680	37	14	personal	personal	ADJ
taxlaw-6680	37	15	wealth	wealth	NOUN
taxlaw-6680	37	16	and	and	CCONJ
taxlaw-6680	37	17	societal	societal	ADJ
taxlaw-6680	37	18	wealth	wealth	NOUN
taxlaw-6680	37	19	will	will	AUX
taxlaw-6680	37	20	also	also	ADV
taxlaw-6680	37	21	have	have	VERB
taxlaw-6680	37	22	the	the	DET
taxlaw-6680	37	23	highest	high	ADJ
taxlaw-6680	37	24	after	after	ADP
taxlaw-6680	37	25	-	-	PUNCT
taxlaw-6680	37	26	tax	tax	NOUN
taxlaw-6680	37	27	payoff	payoff	NOUN
taxlaw-6680	37	28	.	.	PUNCT
taxlaw-6680	38	1	by	by	ADP
taxlaw-6680	38	2	contrast	contrast	NOUN
taxlaw-6680	38	3	,	,	PUNCT
taxlaw-6680	38	4	a	a	DET
taxlaw-6680	38	5	tax	tax	NOUN
taxlaw-6680	38	6	liability	liability	NOUN
taxlaw-6680	38	7	or	or	CCONJ
taxlaw-6680	38	8	policy	policy	NOUN
taxlaw-6680	38	9	that	that	PRON
taxlaw-6680	38	10	mismatches	mismatch	VERB
taxlaw-6680	38	11	the	the	DET
taxlaw-6680	38	12	pre	pre	NOUN
taxlaw-6680	38	13	-	-	NOUN
taxlaw-6680	38	14	tax	tax	NOUN
taxlaw-6680	38	15	and	and	CCONJ
taxlaw-6680	38	16	after	after	ADP
taxlaw-6680	38	17	-	-	PUNCT
taxlaw-6680	38	18	tax	tax	NOUN
taxlaw-6680	38	19	payoffs	payoff	NOUN
taxlaw-6680	38	20	of	of	ADP
taxlaw-6680	38	21	a	a	DET
taxlaw-6680	38	22	transaction	transaction	NOUN
taxlaw-6680	38	23	(	(	PUNCT
taxlaw-6680	38	24	an	an	DET
taxlaw-6680	38	25	“	"	PUNCT
taxlaw-6680	38	26	arbitrary	arbitrary	ADJ
taxlaw-6680	38	27	”	"	PUNCT
taxlaw-6680	38	28	tax	tax	NOUN
taxlaw-6680	38	29	policy	policy	NOUN
taxlaw-6680	38	30	)	)	PUNCT
taxlaw-6680	38	31	undermines	undermine	VERB
taxlaw-6680	38	32	private	private	ADJ
taxlaw-6680	38	33	parties	party	NOUN
taxlaw-6680	38	34	’	'	PUNCT
taxlaw-6680	38	35	incentives	incentive	VERB
taxlaw-6680	38	36	to	to	PART
taxlaw-6680	38	37	engage	engage	VERB
taxlaw-6680	38	38	in	in	ADP
taxlaw-6680	38	39	socially	socially	ADV
taxlaw-6680	38	40	beneficial	beneficial	ADJ
taxlaw-6680	38	41	transactions	transaction	NOUN
taxlaw-6680	38	42	.	.	PUNCT
taxlaw-6680	39	1	under	under	ADP
taxlaw-6680	39	2	an	an	DET
taxlaw-6680	39	3	arbitrary	arbitrary	ADJ
taxlaw-6680	39	4	tax	tax	NOUN
taxlaw-6680	39	5	policy	policy	NOUN
taxlaw-6680	39	6	,	,	PUNCT
taxlaw-6680	39	7	a	a	DET
taxlaw-6680	39	8	taxpayer	taxpayer	NOUN
taxlaw-6680	39	9	no	no	ADV
taxlaw-6680	39	10	longer	long	ADV
taxlaw-6680	39	11	has	have	VERB
taxlaw-6680	39	12	the	the	DET
taxlaw-6680	39	13	incentive	incentive	NOUN
taxlaw-6680	39	14	to	to	PART
taxlaw-6680	39	15	maximize	maximize	VERB
taxlaw-6680	39	16	social	social	ADJ
taxlaw-6680	39	17	(	(	PUNCT
taxlaw-6680	39	18	pre	pre	ADJ
taxlaw-6680	39	19	-	-	ADJ
taxlaw-6680	39	20	tax	tax	ADJ
taxlaw-6680	39	21	)	)	PUNCT
taxlaw-6680	39	22	payoffs	payoff	NOUN
taxlaw-6680	39	23	in	in	ADP
taxlaw-6680	39	24	a	a	DET
taxlaw-6680	39	25	selfish	selfish	ADJ
taxlaw-6680	39	26	attempt	attempt	NOUN
taxlaw-6680	39	27	to	to	PART
taxlaw-6680	39	28	maximize	maximize	VERB
taxlaw-6680	39	29	his	his	PRON
taxlaw-6680	39	30	or	or	CCONJ
taxlaw-6680	39	31	her	her	PRON
taxlaw-6680	39	32	own	own	ADJ
taxlaw-6680	39	33	(	(	PUNCT
taxlaw-6680	39	34	after	after	ADP
taxlaw-6680	39	35	-	-	PUNCT
taxlaw-6680	39	36	tax	tax	NOUN
taxlaw-6680	39	37	)	)	PUNCT
taxlaw-6680	39	38	payoffs	payoff	NOUN
taxlaw-6680	39	39	.	.	PUNCT
taxlaw-6680	40	1	for	for	ADP
taxlaw-6680	40	2	example	example	NOUN
taxlaw-6680	40	3	,	,	PUNCT
taxlaw-6680	40	4	a	a	DET
taxlaw-6680	40	5	100	100	NUM
taxlaw-6680	40	6	%	%	NOUN
taxlaw-6680	40	7	tax	tax	NOUN
taxlaw-6680	40	8	credit	credit	NOUN
taxlaw-6680	40	9	for	for	ADP
taxlaw-6680	40	10	all	all	DET
taxlaw-6680	40	11	net	net	ADJ
taxlaw-6680	40	12	operating	operating	NOUN
taxlaw-6680	40	13	losses	loss	NOUN
taxlaw-6680	40	14	(	(	PUNCT
taxlaw-6680	40	15	nols	nols	PROPN
taxlaw-6680	40	16	)	)	PUNCT
taxlaw-6680	40	17	is	be	AUX
taxlaw-6680	40	18	arbitrary	arbitrary	ADJ
taxlaw-6680	40	19	because	because	SCONJ
taxlaw-6680	40	20	it	it	PRON
taxlaw-6680	40	21	subsidizes	subsidize	VERB
taxlaw-6680	40	22	inefficient	inefficient	ADJ
taxlaw-6680	40	23	businesses	business	NOUN
taxlaw-6680	40	24	and	and	CCONJ
taxlaw-6680	40	25	socially	socially	ADV
taxlaw-6680	40	26	insures	insure	VERB
taxlaw-6680	40	27	opportunistic	opportunistic	ADJ
taxlaw-6680	40	28	taxpayers	taxpayer	NOUN
taxlaw-6680	40	29	against	against	ADP
taxlaw-6680	40	30	pre	pre	ADJ
taxlaw-6680	40	31	-	-	ADJ
taxlaw-6680	40	32	tax	tax	ADJ
taxlaw-6680	40	33	losses	loss	NOUN
taxlaw-6680	40	34	.	.	PUNCT
taxlaw-6680	41	1	to	to	PART
taxlaw-6680	41	2	illustrate	illustrate	VERB
taxlaw-6680	41	3	,	,	PUNCT
taxlaw-6680	41	4	assume	assume	VERB
taxlaw-6680	41	5	a	a	DET
taxlaw-6680	41	6	taxpayer	taxpayer	NOUN
taxlaw-6680	41	7	can	can	AUX
taxlaw-6680	41	8	invest	invest	VERB
taxlaw-6680	41	9	$	$	SYM
taxlaw-6680	41	10	50x	50x	NUM
taxlaw-6680	41	11	in	in	ADP
taxlaw-6680	41	12	a	a	DET
taxlaw-6680	41	13	project	project	NOUN
taxlaw-6680	41	14	today	today	NOUN
taxlaw-6680	41	15	and	and	CCONJ
taxlaw-6680	41	16	has	have	VERB
taxlaw-6680	41	17	a	a	DET
taxlaw-6680	41	18	50	50	NUM
taxlaw-6680	41	19	%	%	NOUN
taxlaw-6680	41	20	chance	chance	NOUN
taxlaw-6680	41	21	of	of	ADP
taxlaw-6680	41	22	receiving	receive	VERB
taxlaw-6680	41	23	$	$	SYM
taxlaw-6680	41	24	90x	90x	NOUN
taxlaw-6680	41	25	in	in	ADP
taxlaw-6680	41	26	a	a	DET
taxlaw-6680	41	27	year	year	NOUN
taxlaw-6680	41	28	and	and	CCONJ
taxlaw-6680	41	29	50	50	NUM
taxlaw-6680	41	30	%	%	NOUN
taxlaw-6680	41	31	chance	chance	NOUN
taxlaw-6680	41	32	of	of	ADP
taxlaw-6680	41	33	receiving	receive	VERB
taxlaw-6680	41	34	nothing	nothing	PRON
taxlaw-6680	41	35	.	.	PUNCT
taxlaw-6680	42	1	before	before	ADP
taxlaw-6680	42	2	taxes	taxis	NOUN
taxlaw-6680	42	3	,	,	PUNCT
taxlaw-6680	42	4	the	the	DET
taxlaw-6680	42	5	expected	expect	VERB
taxlaw-6680	42	6	value	value	NOUN
taxlaw-6680	42	7	of	of	ADP
taxlaw-6680	42	8	the	the	DET
taxlaw-6680	42	9	transaction	transaction	NOUN
taxlaw-6680	42	10	,	,	PUNCT
taxlaw-6680	42	11	ignoring	ignore	VERB
taxlaw-6680	42	12	time	time	NOUN
taxlaw-6680	42	13	value	value	NOUN
taxlaw-6680	42	14	of	of	ADP
taxlaw-6680	42	15	money	money	NOUN
taxlaw-6680	42	16	,	,	PUNCT
taxlaw-6680	42	17	would	would	AUX
taxlaw-6680	42	18	be	be	AUX
taxlaw-6680	42	19	a	a	DET
taxlaw-6680	42	20	social	social	ADJ
taxlaw-6680	42	21	loss	loss	NOUN
taxlaw-6680	42	22	of	of	ADP
taxlaw-6680	42	23	$	$	SYM
taxlaw-6680	42	24	5x	5x	NOUN
taxlaw-6680	42	25	(	(	PUNCT
taxlaw-6680	42	26	50%*$90x-$50x	50%*$90x-$50x	NUM
taxlaw-6680	42	27	)	)	PUNCT
taxlaw-6680	42	28	.	.	PUNCT
taxlaw-6680	43	1	however	however	ADV
taxlaw-6680	43	2	,	,	PUNCT
taxlaw-6680	43	3	under	under	ADP
taxlaw-6680	43	4	a	a	DET
taxlaw-6680	43	5	tax	tax	NOUN
taxlaw-6680	43	6	policy	policy	NOUN
taxlaw-6680	43	7	that	that	PRON
taxlaw-6680	43	8	provides	provide	VERB
taxlaw-6680	43	9	100	100	NUM
taxlaw-6680	43	10	%	%	NOUN
taxlaw-6680	43	11	tax	tax	NOUN
taxlaw-6680	43	12	credit	credit	NOUN
taxlaw-6680	43	13	for	for	ADP
taxlaw-6680	43	14	all	all	DET
taxlaw-6680	43	15	nols	nol	NOUN
taxlaw-6680	43	16	,	,	PUNCT
taxlaw-6680	43	17	and	and	CCONJ
taxlaw-6680	43	18	assuming	assume	VERB
taxlaw-6680	43	19	that	that	SCONJ
taxlaw-6680	43	20	the	the	DET
taxlaw-6680	43	21	taxpayer	taxpayer	NOUN
taxlaw-6680	43	22	is	be	AUX
taxlaw-6680	43	23	in	in	ADP
taxlaw-6680	43	24	40	40	NUM
taxlaw-6680	43	25	%	%	NOUN
taxlaw-6680	43	26	tax	tax	NOUN
taxlaw-6680	43	27	bracket	bracket	NOUN
taxlaw-6680	43	28	,	,	PUNCT
taxlaw-6680	43	29	the	the	DET
taxlaw-6680	43	30	expected	expect	VERB
taxlaw-6680	43	31	aftertax	aftertax	ADJ
taxlaw-6680	43	32	result	result	NOUN
taxlaw-6680	43	33	of	of	ADP
taxlaw-6680	43	34	the	the	DET
taxlaw-6680	43	35	transaction	transaction	NOUN
taxlaw-6680	43	36	would	would	AUX
taxlaw-6680	43	37	be	be	AUX
taxlaw-6680	43	38	a	a	DET
taxlaw-6680	43	39	private	private	ADJ
taxlaw-6680	43	40	gain	gain	NOUN
taxlaw-6680	43	41	of	of	ADP
taxlaw-6680	43	42	$	$	SYM
taxlaw-6680	43	43	12x	12x	NUM
taxlaw-6680	43	44	(	(	PUNCT
taxlaw-6680	43	45	50%*($90x-$50x)*60	50%*($90x-$50x)*60	NUM
taxlaw-6680	43	46	%	%	NOUN
taxlaw-6680	43	47	)	)	PUNCT
taxlaw-6680	43	48	.	.	PUNCT
taxlaw-6680	44	1	as	as	ADP
taxlaw-6680	44	2	a	a	DET
taxlaw-6680	44	3	result	result	NOUN
taxlaw-6680	44	4	,	,	PUNCT
taxlaw-6680	44	5	the	the	DET
taxlaw-6680	44	6	taxpayer	taxpayer	NOUN
taxlaw-6680	44	7	is	be	AUX
taxlaw-6680	44	8	incentivized	incentivize	VERB
taxlaw-6680	44	9	to	to	PART
taxlaw-6680	44	10	pursue	pursue	VERB
taxlaw-6680	44	11	a	a	DET
taxlaw-6680	44	12	transaction	transaction	NOUN
taxlaw-6680	44	13	that	that	PRON
taxlaw-6680	44	14	leads	lead	VERB
taxlaw-6680	44	15	to	to	ADP
taxlaw-6680	44	16	a	a	DET
taxlaw-6680	44	17	societal	societal	ADJ
taxlaw-6680	44	18	loss	loss	NOUN
taxlaw-6680	44	19	,	,	PUNCT
taxlaw-6680	44	20	but	but	CCONJ
taxlaw-6680	44	21	enables	enable	VERB
taxlaw-6680	44	22	a	a	DET
taxlaw-6680	44	23	private	private	ADJ
taxlaw-6680	44	24	gain	gain	NOUN
taxlaw-6680	44	25	due	due	ADP
taxlaw-6680	44	26	to	to	ADP
taxlaw-6680	44	27	an	an	DET
taxlaw-6680	44	28	arbitrary	arbitrary	ADJ
taxlaw-6680	44	29	tax	tax	NOUN
taxlaw-6680	44	30	policy	policy	NOUN
taxlaw-6680	44	31	.	.	PUNCT
taxlaw-6680	45	1	similarly	similarly	ADV
taxlaw-6680	45	2	,	,	PUNCT
taxlaw-6680	45	3	a	a	DET
taxlaw-6680	45	4	100	100	NUM
taxlaw-6680	45	5	%	%	NOUN
taxlaw-6680	45	6	tax	tax	NOUN
taxlaw-6680	45	7	on	on	ADP
taxlaw-6680	45	8	gross	gross	ADJ
taxlaw-6680	45	9	income	income	NOUN
taxlaw-6680	45	10	is	be	AUX
taxlaw-6680	45	11	arbitrary	arbitrary	ADJ
taxlaw-6680	45	12	because	because	SCONJ
taxlaw-6680	45	13	most	most	ADJ
taxlaw-6680	45	14	taxpayers	taxpayer	NOUN
taxlaw-6680	45	15	are	be	AUX
taxlaw-6680	45	16	unwilling	unwilling	ADJ
taxlaw-6680	45	17	to	to	PART
taxlaw-6680	45	18	earn	earn	VERB
taxlaw-6680	45	19	pre	pre	ADJ
taxlaw-6680	45	20	-	-	ADJ
taxlaw-6680	45	21	tax	tax	ADJ
taxlaw-6680	45	22	income	income	NOUN
taxlaw-6680	45	23	that	that	PRON
taxlaw-6680	45	24	they	they	PRON
taxlaw-6680	45	25	retain	retain	VERB
taxlaw-6680	45	26	0	0	NUM
taxlaw-6680	45	27	%	%	NOUN
taxlaw-6680	45	28	of	of	ADP
taxlaw-6680	45	29	after	after	ADP
taxlaw-6680	45	30	taxes	taxis	NOUN
taxlaw-6680	45	31	.	.	PUNCT
taxlaw-6680	46	1	as	as	ADP
taxlaw-6680	46	2	a	a	DET
taxlaw-6680	46	3	final	final	ADJ
taxlaw-6680	46	4	example	example	NOUN
taxlaw-6680	46	5	,	,	PUNCT
taxlaw-6680	46	6	an100	an100	PROPN
taxlaw-6680	46	7	%	%	NOUN
taxlaw-6680	46	8	deduction	deduction	NOUN
taxlaw-6680	46	9	for	for	ADP
taxlaw-6680	46	10	personal	personal	ADJ
taxlaw-6680	46	11	consumption	consumption	NOUN
taxlaw-6680	46	12	is	be	AUX
taxlaw-6680	46	13	also	also	ADV
taxlaw-6680	46	14	arbitrary	arbitrary	ADJ
taxlaw-6680	46	15	because	because	SCONJ
taxlaw-6680	46	16	it	it	PRON
taxlaw-6680	46	17	incentivizes	incentivize	VERB
taxlaw-6680	46	18	taxpayers	taxpayer	NOUN
taxlaw-6680	46	19	to	to	PART
taxlaw-6680	46	20	generate	generate	VERB
taxlaw-6680	46	21	lower	low	ADJ
taxlaw-6680	46	22	pre	pre	ADJ
taxlaw-6680	46	23	-	-	ADJ
taxlaw-6680	46	24	tax	tax	ADJ
taxlaw-6680	46	25	returns	return	NOUN
taxlaw-6680	46	26	than	than	SCONJ
taxlaw-6680	46	27	they	they	PRON
taxlaw-6680	46	28	would	would	AUX
taxlaw-6680	46	29	in	in	ADP
taxlaw-6680	46	30	the	the	DET
taxlaw-6680	46	31	absence	absence	NOUN
taxlaw-6680	46	32	of	of	ADP
taxlaw-6680	46	33	such	such	DET
taxlaw-6680	46	34	a	a	DET
taxlaw-6680	46	35	shelter	shelter	NOUN
taxlaw-6680	46	36	.	.	PUNCT
taxlaw-6680	47	1	if	if	SCONJ
taxlaw-6680	47	2	john	john	PROPN
taxlaw-6680	47	3	,	,	PUNCT
taxlaw-6680	47	4	a	a	DET
taxlaw-6680	47	5	taxpayer	taxpayer	NOUN
taxlaw-6680	47	6	in	in	ADP
taxlaw-6680	47	7	the	the	DET
taxlaw-6680	47	8	40	40	NUM
taxlaw-6680	47	9	%	%	NOUN
taxlaw-6680	47	10	bracket	bracket	NOUN
taxlaw-6680	47	11	,	,	PUNCT
taxlaw-6680	47	12	needs	need	VERB
taxlaw-6680	47	13	only	only	ADV
taxlaw-6680	47	14	$	$	SYM
taxlaw-6680	47	15	6x	6x	NUM
taxlaw-6680	47	16	after	after	ADP
taxlaw-6680	47	17	-	-	PUNCT
taxlaw-6680	47	18	tax	tax	NOUN
taxlaw-6680	47	19	for	for	ADP
taxlaw-6680	47	20	self	self	NOUN
taxlaw-6680	47	21	-	-	PUNCT
taxlaw-6680	47	22	sustenance	sustenance	NOUN
taxlaw-6680	47	23	,	,	PUNCT
taxlaw-6680	47	24	he	he	PRON
taxlaw-6680	47	25	can	can	AUX
taxlaw-6680	47	26	choose	choose	VERB
taxlaw-6680	47	27	either	either	CCONJ
taxlaw-6680	47	28	to	to	PART
taxlaw-6680	47	29	earn	earn	VERB
taxlaw-6680	47	30	$	$	SYM
taxlaw-6680	47	31	10x	10x	NUM
taxlaw-6680	47	32	taxed	tax	VERB
taxlaw-6680	47	33	at	at	ADP
taxlaw-6680	47	34	40	40	NUM
taxlaw-6680	47	35	%	%	NOUN
taxlaw-6680	47	36	or	or	CCONJ
taxlaw-6680	47	37	$	$	SYM
taxlaw-6680	47	38	6x	6x	NUM
taxlaw-6680	47	39	that	that	SCONJ
taxlaw-6680	47	40	he	he	PRON
taxlaw-6680	47	41	can	can	AUX
taxlaw-6680	47	42	fully	fully	ADV
taxlaw-6680	47	43	shelter	shelter	VERB
taxlaw-6680	47	44	from	from	ADP
taxlaw-6680	47	45	tax	tax	NOUN
taxlaw-6680	47	46	via	via	ADP
taxlaw-6680	47	47	personal	personal	ADJ
taxlaw-6680	47	48	consumption	consumption	NOUN
taxlaw-6680	47	49	.	.	PUNCT
taxlaw-6680	48	1	though	though	SCONJ
taxlaw-6680	48	2	the	the	DET
taxlaw-6680	48	3	decision	decision	NOUN
taxlaw-6680	48	4	to	to	PART
taxlaw-6680	48	5	earn	earn	VERB
taxlaw-6680	48	6	$	$	SYM
taxlaw-6680	48	7	10x	10x	NUM
taxlaw-6680	48	8	is	be	AUX
taxlaw-6680	48	9	the	the	DET
taxlaw-6680	48	10	socially	socially	ADV
taxlaw-6680	48	11	beneficial	beneficial	ADJ
taxlaw-6680	48	12	alternative	alternative	NOUN
taxlaw-6680	48	13	,	,	PUNCT
taxlaw-6680	48	14	john	john	PROPN
taxlaw-6680	48	15	will	will	AUX
taxlaw-6680	48	16	choose	choose	VERB
taxlaw-6680	48	17	the	the	DET
taxlaw-6680	48	18	latter	latter	ADJ
taxlaw-6680	48	19	because	because	SCONJ
taxlaw-6680	48	20	it	it	PRON
taxlaw-6680	48	21	requires	require	VERB
taxlaw-6680	48	22	less	less	ADJ
taxlaw-6680	48	23	effort	effort	NOUN
taxlaw-6680	48	24	for	for	ADP
taxlaw-6680	48	25	the	the	DET
taxlaw-6680	48	26	same	same	ADJ
taxlaw-6680	48	27	after	after	ADP
taxlaw-6680	48	28	-	-	PUNCT
taxlaw-6680	48	29	tax	tax	NOUN
taxlaw-6680	48	30	return	return	NOUN
taxlaw-6680	48	31	.	.	PUNCT
taxlaw-6680	49	1	1	1	NUM
taxlaw-6680	49	2	see	see	VERB
taxlaw-6680	49	3	generally	generally	ADV
taxlaw-6680	49	4	oliver	oliver	PROPN
taxlaw-6680	49	5	wendell	wendell	PROPN
taxlaw-6680	49	6	holmes	holmes	PROPN
taxlaw-6680	49	7	,	,	PUNCT
taxlaw-6680	49	8	jr	jr	PROPN
taxlaw-6680	49	9	.	.	PROPN
taxlaw-6680	49	10	,	,	PUNCT
taxlaw-6680	49	11	the	the	DET
taxlaw-6680	49	12	common	common	ADJ
taxlaw-6680	49	13	law	law	NOUN
taxlaw-6680	49	14	95	95	NUM
taxlaw-6680	49	15	(	(	PUNCT
taxlaw-6680	49	16	boston	boston	PROPN
taxlaw-6680	49	17	,	,	PUNCT
taxlaw-6680	49	18	little	little	ADJ
taxlaw-6680	49	19	,	,	PUNCT
taxlaw-6680	49	20	brown	brown	PROPN
taxlaw-6680	49	21	&	&	CCONJ
taxlaw-6680	49	22	co.	co.	PROPN
taxlaw-6680	49	23	1881	1881	NUM
taxlaw-6680	49	24	)	)	PUNCT
taxlaw-6680	49	25	(	(	PUNCT
taxlaw-6680	49	26	“	"	PUNCT
taxlaw-6680	49	27	all	all	DET
taxlaw-6680	49	28	the	the	DET
taxlaw-6680	49	29	cases	case	NOUN
taxlaw-6680	49	30	concede	concede	VERB
taxlaw-6680	49	31	that	that	SCONJ
taxlaw-6680	49	32	an	an	DET
taxlaw-6680	49	33	injury	injury	NOUN
taxlaw-6680	49	34	arising	arise	VERB
taxlaw-6680	49	35	from	from	ADP
taxlaw-6680	49	36	inevitable	inevitable	ADJ
taxlaw-6680	49	37	accident	accident	NOUN
taxlaw-6680	49	38	,	,	PUNCT
taxlaw-6680	49	39	or	or	CCONJ
taxlaw-6680	49	40	…	…	PUNCT
taxlaw-6680	49	41	from	from	ADP
taxlaw-6680	49	42	an	an	DET
taxlaw-6680	49	43	act	act	NOUN
taxlaw-6680	49	44	that	that	PRON
taxlaw-6680	49	45	ordinary	ordinary	ADJ
taxlaw-6680	49	46	human	human	ADJ
taxlaw-6680	49	47	care	care	NOUN
taxlaw-6680	49	48	and	and	CCONJ
taxlaw-6680	49	49	foresight	foresight	NOUN
taxlaw-6680	49	50	are	be	AUX
taxlaw-6680	49	51	unable	unable	ADJ
taxlaw-6680	49	52	to	to	PART
taxlaw-6680	49	53	guard	guard	VERB
taxlaw-6680	49	54	against	against	ADP
taxlaw-6680	49	55	,	,	PUNCT
taxlaw-6680	49	56	is	be	AUX
taxlaw-6680	49	57	but	but	CCONJ
taxlaw-6680	49	58	the	the	DET
taxlaw-6680	49	59	misfortune	misfortune	NOUN
taxlaw-6680	49	60	of	of	ADP
taxlaw-6680	49	61	the	the	DET
taxlaw-6680	49	62	sufferer	sufferer	NOUN
taxlaw-6680	49	63	…	…	PUNCT
taxlaw-6680	49	64	”	"	PUNCT
taxlaw-6680	49	65	)	)	PUNCT
taxlaw-6680	49	66	.	.	PUNCT
taxlaw-6680	50	1	2	2	NUM
taxlaw-6680	50	2	see	see	VERB
taxlaw-6680	50	3	,	,	PUNCT
taxlaw-6680	50	4	e.g.	e.g.	ADV
taxlaw-6680	50	5	,	,	PUNCT
taxlaw-6680	50	6	adams	adams	PROPN
taxlaw-6680	50	7	v.	v.	PROPN
taxlaw-6680	50	8	bullock	bullock	PROPN
taxlaw-6680	50	9	,	,	PUNCT
taxlaw-6680	50	10	227	227	NUM
taxlaw-6680	50	11	n.y	n.y	PROPN
taxlaw-6680	50	12	.	.	PROPN
taxlaw-6680	50	13	208	208	NUM
taxlaw-6680	50	14	,	,	PUNCT
taxlaw-6680	50	15	210	210	NUM
taxlaw-6680	50	16	(	(	PUNCT
taxlaw-6680	50	17	n.y	n.y	PROPN
taxlaw-6680	50	18	.	.	PROPN
taxlaw-6680	50	19	1919	1919	NUM
taxlaw-6680	50	20	)	)	PUNCT
taxlaw-6680	50	21	(	(	PUNCT
taxlaw-6680	50	22	holding	hold	VERB
taxlaw-6680	50	23	that	that	SCONJ
taxlaw-6680	50	24	the	the	DET
taxlaw-6680	50	25	defendant	defendant	NOUN
taxlaw-6680	50	26	,	,	PUNCT
taxlaw-6680	50	27	a	a	DET
taxlaw-6680	50	28	trolley	trolley	NOUN
taxlaw-6680	50	29	line	line	NOUN
taxlaw-6680	50	30	company	company	NOUN
taxlaw-6680	50	31	,	,	PUNCT
taxlaw-6680	50	32	should	should	AUX
taxlaw-6680	50	33	not	not	PART
taxlaw-6680	50	34	be	be	AUX
taxlaw-6680	50	35	held	hold	VERB
taxlaw-6680	50	36	liable	liable	ADJ
taxlaw-6680	50	37	for	for	ADP
taxlaw-6680	50	38	an	an	DET
taxlaw-6680	50	39	“	"	PUNCT
taxlaw-6680	50	40	extraordinary	extraordinary	ADJ
taxlaw-6680	50	41	casualty	casualty	NOUN
taxlaw-6680	50	42	”	"	PUNCT
taxlaw-6680	50	43	that	that	PRON
taxlaw-6680	50	44	is	be	AUX
taxlaw-6680	50	45	“	"	PUNCT
taxlaw-6680	50	46	not	not	PART
taxlaw-6680	50	47	fairly	fairly	ADV
taxlaw-6680	50	48	within	within	ADP
taxlaw-6680	50	49	the	the	DET
taxlaw-6680	50	50	area	area	NOUN
taxlaw-6680	50	51	of	of	ADP
taxlaw-6680	50	52	ordinary	ordinary	ADJ
taxlaw-6680	50	53	prevision	prevision	NOUN
taxlaw-6680	50	54	”	"	PUNCT
taxlaw-6680	50	55	)	)	PUNCT
taxlaw-6680	50	56	;	;	PUNCT
taxlaw-6680	50	57	united	united	PROPN
taxlaw-6680	50	58	states	states	PROPN
taxlaw-6680	50	59	v.	v.	ADP
taxlaw-6680	50	60	carroll	carroll	PROPN
taxlaw-6680	50	61	towing	towing	PROPN
taxlaw-6680	50	62	co.	co.	PROPN
taxlaw-6680	50	63	,	,	PUNCT
taxlaw-6680	50	64	159	159	NUM
taxlaw-6680	50	65	f.2d	f.2d	SYM
taxlaw-6680	50	66	169	169	NUM
taxlaw-6680	50	67	(	(	PUNCT
taxlaw-6680	50	68	2nd	2nd	ADJ
taxlaw-6680	50	69	cir	cir	NOUN
taxlaw-6680	50	70	.	.	PUNCT
taxlaw-6680	50	71	1947	1947	NUM
taxlaw-6680	50	72	)	)	PUNCT
taxlaw-6680	50	73	.	.	PUNCT
taxlaw-6680	51	1	3	3	NUM
taxlaw-6680	51	2	almost	almost	ADV
taxlaw-6680	51	3	all	all	DET
taxlaw-6680	51	4	tax	tax	NOUN
taxlaw-6680	51	5	liabilities	liability	NOUN
taxlaw-6680	51	6	have	have	VERB
taxlaw-6680	51	7	efficiency	efficiency	NOUN
taxlaw-6680	51	8	costs	cost	NOUN
taxlaw-6680	51	9	due	due	ADJ
taxlaw-6680	51	10	to	to	ADP
taxlaw-6680	51	11	the	the	DET
taxlaw-6680	51	12	market	market	NOUN
taxlaw-6680	51	13	dampening	dampen	VERB
taxlaw-6680	51	14	effect	effect	NOUN
taxlaw-6680	51	15	,	,	PUNCT
taxlaw-6680	51	16	which	which	PRON
taxlaw-6680	51	17	is	be	AUX
taxlaw-6680	51	18	generally	generally	ADV
taxlaw-6680	51	19	referred	refer	VERB
taxlaw-6680	51	20	to	to	ADP
taxlaw-6680	51	21	by	by	ADP
taxlaw-6680	51	22	economists	economist	NOUN
taxlaw-6680	51	23	as	as	ADP
taxlaw-6680	51	24	“	"	PUNCT
taxlaw-6680	51	25	deadweight	deadweight	X
taxlaw-6680	51	26	loss	loss	NOUN
taxlaw-6680	51	27	.	.	PUNCT
taxlaw-6680	51	28	”	"	PUNCT
taxlaw-6680	52	1	see	see	VERB
taxlaw-6680	52	2	,	,	PUNCT
taxlaw-6680	52	3	e.g.	e.g.	ADV
taxlaw-6680	52	4	,	,	PUNCT
taxlaw-6680	52	5	julia	julia	PROPN
taxlaw-6680	52	6	kagan	kagan	PROPN
taxlaw-6680	52	7	,	,	PUNCT
taxlaw-6680	52	8	deadweight	deadweight	ADJ
taxlaw-6680	52	9	loss	loss	NOUN
taxlaw-6680	52	10	of	of	ADP
taxlaw-6680	52	11	taxation	taxation	NOUN
taxlaw-6680	52	12	,	,	PUNCT
taxlaw-6680	52	13	investopedia	investopedia	PROPN
taxlaw-6680	52	14	(	(	PUNCT
taxlaw-6680	52	15	dec.30	dec.30	PROPN
taxlaw-6680	52	16	,	,	PUNCT
taxlaw-6680	52	17	2019	2019	NUM
taxlaw-6680	52	18	)	)	PUNCT
taxlaw-6680	52	19	https://www.investopedia.com/terms/d/deadweight-loss-of-taxation.asp	https://www.investopedia.com/terms/d/deadweight-loss-of-taxation.asp	NOUN
taxlaw-6680	53	1	[	[	X
taxlaw-6680	53	2	https://perma.cc/4lzvd5n3	https://perma.cc/4lzvd5n3	X
taxlaw-6680	53	3	]	]	X
taxlaw-6680	53	4	.	.	PUNCT
taxlaw-6680	54	1	[	[	X
taxlaw-6680	54	2	vol	vol	NOUN
taxlaw-6680	54	3	.	.	PUNCT
taxlaw-6680	54	4	11:1	11:1	NUM
taxlaw-6680	54	5	columbia	columbia	PROPN
taxlaw-6680	54	6	journal	journal	PROPN
taxlaw-6680	54	7	of	of	ADP
taxlaw-6680	54	8	tax	tax	NOUN
taxlaw-6680	54	9	law	law	NOUN
taxlaw-6680	54	10	106	106	NUM
taxlaw-6680	54	11	in	in	ADP
taxlaw-6680	54	12	reality	reality	NOUN
taxlaw-6680	54	13	,	,	PUNCT
taxlaw-6680	54	14	all	all	DET
taxlaw-6680	54	15	tax	tax	NOUN
taxlaw-6680	54	16	liabilities	liability	NOUN
taxlaw-6680	54	17	incur	incur	VERB
taxlaw-6680	54	18	some	some	DET
taxlaw-6680	54	19	efficiency	efficiency	NOUN
taxlaw-6680	54	20	costs	cost	NOUN
taxlaw-6680	54	21	,	,	PUNCT
taxlaw-6680	54	22	measured	measure	VERB
taxlaw-6680	54	23	by	by	ADP
taxlaw-6680	54	24	the	the	DET
taxlaw-6680	54	25	chilling	chilling	ADJ
taxlaw-6680	54	26	effect	effect	NOUN
taxlaw-6680	54	27	on	on	ADP
taxlaw-6680	54	28	the	the	DET
taxlaw-6680	54	29	market	market	NOUN
taxlaw-6680	54	30	and	and	CCONJ
taxlaw-6680	54	31	the	the	DET
taxlaw-6680	54	32	shrinking	shrink	VERB
taxlaw-6680	54	33	volume	volume	NOUN
taxlaw-6680	54	34	of	of	ADP
taxlaw-6680	54	35	socially	socially	ADV
taxlaw-6680	54	36	beneficial	beneficial	ADJ
taxlaw-6680	54	37	activities.4	activities.4	PROPN
taxlaw-6680	54	38	however	however	ADV
taxlaw-6680	54	39	,	,	PUNCT
taxlaw-6680	54	40	arbitrary	arbitrary	ADJ
taxlaw-6680	54	41	tax	tax	NOUN
taxlaw-6680	54	42	liabilities	liability	NOUN
taxlaw-6680	54	43	can	can	AUX
taxlaw-6680	54	44	incur	incur	VERB
taxlaw-6680	54	45	disproportionately	disproportionately	ADV
taxlaw-6680	54	46	large	large	ADJ
taxlaw-6680	54	47	efficiency	efficiency	NOUN
taxlaw-6680	54	48	costs	cost	NOUN
taxlaw-6680	54	49	.	.	PUNCT
taxlaw-6680	55	1	in	in	ADP
taxlaw-6680	55	2	the	the	DET
taxlaw-6680	55	3	case	case	NOUN
taxlaw-6680	55	4	of	of	ADP
taxlaw-6680	55	5	the	the	DET
taxlaw-6680	55	6	100	100	NUM
taxlaw-6680	55	7	%	%	NOUN
taxlaw-6680	55	8	tax	tax	NOUN
taxlaw-6680	55	9	on	on	ADP
taxlaw-6680	55	10	gross	gross	ADJ
taxlaw-6680	55	11	income	income	NOUN
taxlaw-6680	55	12	and	and	CCONJ
taxlaw-6680	55	13	the	the	DET
taxlaw-6680	55	14	100	100	NUM
taxlaw-6680	55	15	%	%	NOUN
taxlaw-6680	55	16	tax	tax	NOUN
taxlaw-6680	55	17	credit	credit	NOUN
taxlaw-6680	55	18	for	for	ADP
taxlaw-6680	55	19	nols	nols	PROPN
taxlaw-6680	55	20	,	,	PUNCT
taxlaw-6680	55	21	the	the	DET
taxlaw-6680	55	22	efficiency	efficiency	NOUN
taxlaw-6680	55	23	cost	cost	NOUN
taxlaw-6680	55	24	is	be	AUX
taxlaw-6680	55	25	incurred	incur	VERB
taxlaw-6680	55	26	because	because	SCONJ
taxlaw-6680	55	27	the	the	DET
taxlaw-6680	55	28	link	link	NOUN
taxlaw-6680	55	29	between	between	ADP
taxlaw-6680	55	30	pre	pre	NOUN
taxlaw-6680	55	31	-	-	NOUN
taxlaw-6680	55	32	tax	tax	NOUN
taxlaw-6680	55	33	and	and	CCONJ
taxlaw-6680	55	34	after	after	ADP
taxlaw-6680	55	35	-	-	PUNCT
taxlaw-6680	55	36	tax	tax	NOUN
taxlaw-6680	55	37	payoffs	payoff	NOUN
taxlaw-6680	55	38	is	be	AUX
taxlaw-6680	55	39	severed	sever	VERB
taxlaw-6680	55	40	.	.	PUNCT
taxlaw-6680	56	1	in	in	ADP
taxlaw-6680	56	2	the	the	DET
taxlaw-6680	56	3	case	case	NOUN
taxlaw-6680	56	4	of	of	ADP
taxlaw-6680	56	5	the	the	DET
taxlaw-6680	56	6	100	100	NUM
taxlaw-6680	56	7	%	%	NOUN
taxlaw-6680	56	8	deduction	deduction	NOUN
taxlaw-6680	56	9	for	for	ADP
taxlaw-6680	56	10	personal	personal	ADJ
taxlaw-6680	56	11	consumption	consumption	NOUN
taxlaw-6680	56	12	,	,	PUNCT
taxlaw-6680	56	13	the	the	DET
taxlaw-6680	56	14	cost	cost	NOUN
taxlaw-6680	56	15	is	be	AUX
taxlaw-6680	56	16	incurred	incur	VERB
taxlaw-6680	56	17	because	because	SCONJ
taxlaw-6680	56	18	the	the	DET
taxlaw-6680	56	19	socially	socially	ADV
taxlaw-6680	56	20	beneficial	beneficial	ADJ
taxlaw-6680	56	21	incentive	incentive	NOUN
taxlaw-6680	56	22	to	to	PART
taxlaw-6680	56	23	earn	earn	VERB
taxlaw-6680	56	24	higher	high	ADJ
taxlaw-6680	56	25	pre	pre	ADJ
taxlaw-6680	56	26	-	-	ADJ
taxlaw-6680	56	27	tax	tax	ADJ
taxlaw-6680	56	28	returns	return	NOUN
taxlaw-6680	56	29	(	(	PUNCT
taxlaw-6680	56	30	i.e.	i.e.	X
taxlaw-6680	56	31	to	to	PART
taxlaw-6680	56	32	achieve	achieve	VERB
taxlaw-6680	56	33	higher	high	ADJ
taxlaw-6680	56	34	after	after	ADP
taxlaw-6680	56	35	-	-	PUNCT
taxlaw-6680	56	36	tax	tax	NOUN
taxlaw-6680	56	37	returns	return	NOUN
taxlaw-6680	56	38	)	)	PUNCT
taxlaw-6680	56	39	is	be	AUX
taxlaw-6680	56	40	eliminated	eliminate	VERB
taxlaw-6680	56	41	.	.	PUNCT
taxlaw-6680	57	1	the	the	DET
taxlaw-6680	57	2	legal	legal	ADJ
taxlaw-6680	57	3	flexibility	flexibility	NOUN
taxlaw-6680	57	4	of	of	ADP
taxlaw-6680	57	5	subchapter	subchapter	NOUN
taxlaw-6680	57	6	k	k	PROPN
taxlaw-6680	57	7	increases	increase	VERB
taxlaw-6680	57	8	the	the	DET
taxlaw-6680	57	9	likelihood	likelihood	NOUN
taxlaw-6680	57	10	that	that	SCONJ
taxlaw-6680	57	11	such	such	ADJ
taxlaw-6680	57	12	arbitrary	arbitrary	ADJ
taxlaw-6680	57	13	tax	tax	NOUN
taxlaw-6680	57	14	liabilities	liability	NOUN
taxlaw-6680	57	15	and	and	CCONJ
taxlaw-6680	57	16	efficiency	efficiency	NOUN
taxlaw-6680	57	17	costs	cost	NOUN
taxlaw-6680	57	18	are	be	AUX
taxlaw-6680	57	19	imposed	impose	VERB
taxlaw-6680	57	20	on	on	ADP
taxlaw-6680	57	21	taxpayers	taxpayer	NOUN
taxlaw-6680	57	22	.	.	PUNCT
taxlaw-6680	58	1	unlike	unlike	ADP
taxlaw-6680	58	2	tax	tax	NOUN
taxlaw-6680	58	3	policies	policy	NOUN
taxlaw-6680	58	4	that	that	PRON
taxlaw-6680	58	5	are	be	AUX
taxlaw-6680	58	6	clearly	clearly	ADV
taxlaw-6680	58	7	arbitrary	arbitrary	ADJ
taxlaw-6680	58	8	,	,	PUNCT
taxlaw-6680	58	9	such	such	ADJ
taxlaw-6680	58	10	as	as	ADP
taxlaw-6680	58	11	a	a	DET
taxlaw-6680	58	12	100	100	NUM
taxlaw-6680	58	13	%	%	NOUN
taxlaw-6680	58	14	tax	tax	NOUN
taxlaw-6680	58	15	on	on	ADP
taxlaw-6680	58	16	gross	gross	ADJ
taxlaw-6680	58	17	income	income	NOUN
taxlaw-6680	58	18	,	,	PUNCT
taxlaw-6680	58	19	subchapter	subchapter	NOUN
taxlaw-6680	58	20	k	k	PROPN
taxlaw-6680	58	21	’s	’s	PART
taxlaw-6680	58	22	potential	potential	NOUN
taxlaw-6680	58	23	for	for	ADP
taxlaw-6680	58	24	arbitrariness	arbitrariness	NOUN
taxlaw-6680	58	25	is	be	AUX
taxlaw-6680	58	26	hidden	hide	VERB
taxlaw-6680	58	27	in	in	ADP
taxlaw-6680	58	28	its	its	PRON
taxlaw-6680	58	29	complicated	complicated	ADJ
taxlaw-6680	58	30	statutory	statutory	ADJ
taxlaw-6680	58	31	scheme	scheme	NOUN
taxlaw-6680	58	32	.	.	PUNCT
taxlaw-6680	59	1	the	the	DET
taxlaw-6680	59	2	risk	risk	NOUN
taxlaw-6680	59	3	of	of	ADP
taxlaw-6680	59	4	arbitrariness	arbitrariness	NOUN
taxlaw-6680	59	5	is	be	AUX
taxlaw-6680	59	6	evidenced	evidence	VERB
taxlaw-6680	59	7	by	by	ADP
taxlaw-6680	59	8	treasury	treasury	PROPN
taxlaw-6680	59	9	’s	’s	PART
taxlaw-6680	59	10	painstaking	painstaking	ADJ
taxlaw-6680	59	11	efforts	effort	NOUN
taxlaw-6680	59	12	to	to	PART
taxlaw-6680	59	13	match	match	VERB
taxlaw-6680	59	14	tax	tax	NOUN
taxlaw-6680	59	15	consequences	consequence	NOUN
taxlaw-6680	59	16	with	with	ADP
taxlaw-6680	59	17	economic	economic	ADJ
taxlaw-6680	59	18	arrangements	arrangement	NOUN
taxlaw-6680	59	19	in	in	ADP
taxlaw-6680	59	20	subchapter	subchapter	NOUN
taxlaw-6680	59	21	k.5	k.5	NOUN
taxlaw-6680	59	22	this	this	DET
taxlaw-6680	59	23	note	note	NOUN
taxlaw-6680	59	24	provides	provide	VERB
taxlaw-6680	59	25	fresh	fresh	ADJ
taxlaw-6680	59	26	insight	insight	NOUN
taxlaw-6680	59	27	into	into	ADP
taxlaw-6680	59	28	the	the	DET
taxlaw-6680	59	29	design	design	NOUN
taxlaw-6680	59	30	and	and	CCONJ
taxlaw-6680	59	31	application	application	NOUN
taxlaw-6680	59	32	of	of	ADP
taxlaw-6680	59	33	complex	complex	ADJ
taxlaw-6680	59	34	rules	rule	NOUN
taxlaw-6680	59	35	in	in	ADP
taxlaw-6680	59	36	subchapter	subchapter	NOUN
taxlaw-6680	59	37	k	k	NOUN
taxlaw-6680	59	38	,	,	PUNCT
taxlaw-6680	59	39	which	which	PRON
taxlaw-6680	59	40	are	be	AUX
taxlaw-6680	59	41	intended	intend	VERB
taxlaw-6680	59	42	to	to	PART
taxlaw-6680	59	43	match	match	VERB
taxlaw-6680	59	44	partnership	partnership	NOUN
taxlaw-6680	59	45	tax	tax	NOUN
taxlaw-6680	59	46	consequences	consequence	NOUN
taxlaw-6680	59	47	with	with	ADP
taxlaw-6680	59	48	their	their	PRON
taxlaw-6680	59	49	corresponding	corresponding	ADJ
taxlaw-6680	59	50	economic	economic	ADJ
taxlaw-6680	59	51	arrangements	arrangement	NOUN
taxlaw-6680	59	52	.	.	PUNCT
taxlaw-6680	60	1	it	it	PRON
taxlaw-6680	60	2	examines	examine	VERB
taxlaw-6680	60	3	the	the	DET
taxlaw-6680	60	4	relationship	relationship	NOUN
taxlaw-6680	60	5	between	between	ADP
taxlaw-6680	60	6	the	the	DET
taxlaw-6680	60	7	regulatory	regulatory	ADJ
taxlaw-6680	60	8	anti	anti	ADJ
taxlaw-6680	60	9	-	-	ADJ
taxlaw-6680	60	10	abuse	abuse	ADJ
taxlaw-6680	60	11	rules	rule	NOUN
taxlaw-6680	60	12	,	,	PUNCT
taxlaw-6680	60	13	the	the	DET
taxlaw-6680	60	14	substantial	substantial	ADJ
taxlaw-6680	60	15	economic	economic	ADJ
taxlaw-6680	60	16	effect	effect	NOUN
taxlaw-6680	60	17	(	(	PUNCT
taxlaw-6680	60	18	“	"	PUNCT
taxlaw-6680	60	19	see	see	VERB
taxlaw-6680	60	20	”	"	PUNCT
taxlaw-6680	60	21	)	)	PUNCT
taxlaw-6680	60	22	safe	safe	ADJ
taxlaw-6680	60	23	harbor	harbor	NOUN
taxlaw-6680	60	24	,	,	PUNCT
taxlaw-6680	60	25	and	and	CCONJ
taxlaw-6680	60	26	the	the	DET
taxlaw-6680	60	27	section	section	NOUN
taxlaw-6680	60	28	704(c	704(c	NOUN
taxlaw-6680	60	29	)	)	PUNCT
taxlaw-6680	60	30	doctrine	doctrine	NOUN
taxlaw-6680	60	31	,	,	PUNCT
taxlaw-6680	60	32	while	while	SCONJ
taxlaw-6680	60	33	revealing	reveal	VERB
taxlaw-6680	60	34	their	their	PRON
taxlaw-6680	60	35	imperfections	imperfection	NOUN
taxlaw-6680	60	36	.	.	PUNCT
taxlaw-6680	61	1	specifically	specifically	ADV
taxlaw-6680	61	2	,	,	PUNCT
taxlaw-6680	61	3	part	part	NOUN
taxlaw-6680	61	4	ii	ii	PROPN
taxlaw-6680	61	5	analyzes	analyze	VERB
taxlaw-6680	61	6	the	the	DET
taxlaw-6680	61	7	efficiency	efficiency	NOUN
taxlaw-6680	61	8	costs	cost	NOUN
taxlaw-6680	61	9	that	that	PRON
taxlaw-6680	61	10	arise	arise	VERB
taxlaw-6680	61	11	when	when	SCONJ
taxlaw-6680	61	12	arbitrary	arbitrary	ADJ
taxlaw-6680	61	13	tax	tax	NOUN
taxlaw-6680	61	14	liabilities	liability	NOUN
taxlaw-6680	61	15	imposed	impose	VERB
taxlaw-6680	61	16	by	by	ADP
taxlaw-6680	61	17	subchapter	subchapter	NOUN
taxlaw-6680	61	18	k	k	PROPN
taxlaw-6680	61	19	give	give	VERB
taxlaw-6680	61	20	rise	rise	NOUN
taxlaw-6680	61	21	to	to	ADP
taxlaw-6680	61	22	mismatches	mismatch	NOUN
taxlaw-6680	61	23	between	between	ADP
taxlaw-6680	61	24	tax	tax	NOUN
taxlaw-6680	61	25	and	and	CCONJ
taxlaw-6680	61	26	economics	economic	NOUN
taxlaw-6680	61	27	.	.	PUNCT
taxlaw-6680	62	1	part	part	NOUN
taxlaw-6680	62	2	iii	iii	PRON
taxlaw-6680	62	3	provides	provide	VERB
taxlaw-6680	62	4	a	a	DET
taxlaw-6680	62	5	detailed	detailed	ADJ
taxlaw-6680	62	6	analysis	analysis	NOUN
taxlaw-6680	62	7	of	of	ADP
taxlaw-6680	62	8	how	how	SCONJ
taxlaw-6680	62	9	the	the	DET
taxlaw-6680	62	10	economic	economic	ADJ
taxlaw-6680	62	11	effect	effect	NOUN
taxlaw-6680	62	12	equivalence	equivalence	NOUN
taxlaw-6680	62	13	test	test	NOUN
taxlaw-6680	62	14	under	under	ADP
taxlaw-6680	62	15	treas	treas	PROPN
taxlaw-6680	62	16	.	.	PUNCT
taxlaw-6680	63	1	reg	reg	PROPN
taxlaw-6680	63	2	.	.	PUNCT
taxlaw-6680	64	1	§	§	PROPN
taxlaw-6680	64	2	1.704	1.704	NUM
taxlaw-6680	64	3	-	-	NUM
taxlaw-6680	64	4	1(b)(2)(ii)(i	1(b)(2)(ii)(i	NUM
taxlaw-6680	64	5	)	)	PUNCT
taxlaw-6680	64	6	,	,	PUNCT
taxlaw-6680	64	7	part	part	NOUN
taxlaw-6680	64	8	of	of	ADP
taxlaw-6680	64	9	the	the	DET
taxlaw-6680	64	10	see	see	ADJ
taxlaw-6680	64	11	safe	safe	ADJ
taxlaw-6680	64	12	harbor	harbor	NOUN
taxlaw-6680	64	13	,	,	PUNCT
taxlaw-6680	64	14	has	have	AUX
taxlaw-6680	64	15	been	be	AUX
taxlaw-6680	64	16	applied	apply	VERB
taxlaw-6680	64	17	to	to	PART
taxlaw-6680	64	18	justify	justify	VERB
taxlaw-6680	64	19	partnership	partnership	NOUN
taxlaw-6680	64	20	allocations	allocation	NOUN
taxlaw-6680	64	21	.	.	PUNCT
taxlaw-6680	65	1	it	it	PRON
taxlaw-6680	65	2	then	then	ADV
taxlaw-6680	65	3	assesses	assess	VERB
taxlaw-6680	65	4	how	how	SCONJ
taxlaw-6680	65	5	the	the	DET
taxlaw-6680	65	6	test	test	NOUN
taxlaw-6680	65	7	should	should	AUX
taxlaw-6680	65	8	be	be	AUX
taxlaw-6680	65	9	applied	apply	VERB
taxlaw-6680	65	10	in	in	ADP
taxlaw-6680	65	11	light	light	NOUN
taxlaw-6680	65	12	of	of	ADP
taxlaw-6680	65	13	prolonged	prolonged	ADJ
taxlaw-6680	65	14	regulatory	regulatory	ADJ
taxlaw-6680	65	15	uncertainties	uncertainty	NOUN
taxlaw-6680	65	16	,	,	PUNCT
taxlaw-6680	65	17	given	give	VERB
taxlaw-6680	65	18	its	its	PRON
taxlaw-6680	65	19	importance	importance	NOUN
taxlaw-6680	65	20	.	.	PUNCT
taxlaw-6680	66	1	part	part	NOUN
taxlaw-6680	66	2	iv	iv	NUM
taxlaw-6680	66	3	uses	use	VERB
taxlaw-6680	66	4	insights	insight	NOUN
taxlaw-6680	66	5	from	from	ADP
taxlaw-6680	66	6	parts	part	NOUN
taxlaw-6680	66	7	ii	ii	PROPN
taxlaw-6680	66	8	and	and	CCONJ
taxlaw-6680	66	9	iii	iii	NOUN
taxlaw-6680	66	10	to	to	PART
taxlaw-6680	66	11	address	address	VERB
taxlaw-6680	66	12	the	the	DET
taxlaw-6680	66	13	long	long	ADV
taxlaw-6680	66	14	-	-	PUNCT
taxlaw-6680	66	15	debated	debate	VERB
taxlaw-6680	66	16	but	but	CCONJ
taxlaw-6680	66	17	unresolved	unresolved	ADJ
taxlaw-6680	66	18	issue	issue	NOUN
taxlaw-6680	66	19	of	of	ADP
taxlaw-6680	66	20	partnership	partnership	NOUN
taxlaw-6680	66	21	“	"	PUNCT
taxlaw-6680	66	22	target	target	NOUN
taxlaw-6680	66	23	allocations	allocation	NOUN
taxlaw-6680	66	24	,	,	PUNCT
taxlaw-6680	66	25	”	"	PUNCT
taxlaw-6680	66	26	with	with	ADP
taxlaw-6680	66	27	a	a	DET
taxlaw-6680	66	28	focus	focus	NOUN
taxlaw-6680	66	29	on	on	ADP
taxlaw-6680	66	30	the	the	DET
taxlaw-6680	66	31	capital	capital	NOUN
taxlaw-6680	66	32	shifting	shift	VERB
taxlaw-6680	66	33	problem	problem	NOUN
taxlaw-6680	66	34	inherent	inherent	ADJ
taxlaw-6680	66	35	in	in	ADP
taxlaw-6680	66	36	preferred	preferred	ADJ
taxlaw-6680	66	37	return	return	NOUN
taxlaw-6680	66	38	allocations	allocation	NOUN
taxlaw-6680	66	39	.	.	PUNCT
taxlaw-6680	67	1	ii	ii	PROPN
taxlaw-6680	67	2	.	.	PUNCT
taxlaw-6680	67	3	efficiency	efficiency	NOUN
taxlaw-6680	67	4	costs	cost	NOUN
taxlaw-6680	67	5	due	due	ADJ
taxlaw-6680	67	6	to	to	ADP
taxlaw-6680	67	7	tax	tax	NOUN
taxlaw-6680	67	8	-	-	PUNCT
taxlaw-6680	67	9	economics	economics	NOUN
taxlaw-6680	67	10	mismatches	mismatch	NOUN
taxlaw-6680	67	11	in	in	ADP
taxlaw-6680	67	12	subchapter	subchapter	NOUN
taxlaw-6680	67	13	k	k	PROPN
taxlaw-6680	67	14	a.	a.	NOUN
taxlaw-6680	67	15	the	the	DET
taxlaw-6680	67	16	flexibility	flexibility	NOUN
taxlaw-6680	67	17	of	of	ADP
taxlaw-6680	67	18	subchapter	subchapter	NOUN
taxlaw-6680	67	19	k	k	PROPN
taxlaw-6680	67	20	congress	congress	PROPN
taxlaw-6680	67	21	intended	intend	VERB
taxlaw-6680	67	22	for	for	ADP
taxlaw-6680	67	23	subchapter	subchapter	NOUN
taxlaw-6680	67	24	k	k	PROPN
taxlaw-6680	67	25	to	to	PART
taxlaw-6680	67	26	facilitate	facilitate	VERB
taxlaw-6680	67	27	joint	joint	ADJ
taxlaw-6680	67	28	business	business	NOUN
taxlaw-6680	67	29	and	and	CCONJ
taxlaw-6680	67	30	investment	investment	NOUN
taxlaw-6680	67	31	activities	activity	NOUN
taxlaw-6680	67	32	by	by	ADP
taxlaw-6680	67	33	permitting	permit	VERB
taxlaw-6680	67	34	flexible	flexible	ADJ
taxlaw-6680	67	35	economic	economic	ADJ
taxlaw-6680	67	36	arrangements	arrangement	NOUN
taxlaw-6680	67	37	without	without	ADP
taxlaw-6680	67	38	triggering	trigger	VERB
taxlaw-6680	67	39	entity	entity	NOUN
taxlaw-6680	67	40	-	-	PUNCT
taxlaw-6680	67	41	level	level	NOUN
taxlaw-6680	67	42	taxes.6	taxes.6	PROPN
taxlaw-6680	67	43	thus	thus	ADV
taxlaw-6680	67	44	,	,	PUNCT
taxlaw-6680	67	45	subchapter	subchapter	PROPN
taxlaw-6680	67	46	k	k	PROPN
taxlaw-6680	67	47	provides	provide	VERB
taxlaw-6680	67	48	significant	significant	ADJ
taxlaw-6680	67	49	flexibility	flexibility	NOUN
taxlaw-6680	67	50	for	for	SCONJ
taxlaw-6680	67	51	partners	partner	NOUN
taxlaw-6680	67	52	to	to	PART
taxlaw-6680	67	53	allocate	allocate	VERB
taxlaw-6680	67	54	among	among	ADP
taxlaw-6680	67	55	themselves	themselves	PRON
taxlaw-6680	67	56	the	the	DET
taxlaw-6680	67	57	benefits	benefit	NOUN
taxlaw-6680	67	58	,	,	PUNCT
taxlaw-6680	67	59	burdens	burden	NOUN
taxlaw-6680	67	60	and	and	CCONJ
taxlaw-6680	67	61	risks	risk	NOUN
taxlaw-6680	67	62	of	of	ADP
taxlaw-6680	67	63	partnership	partnership	NOUN
taxlaw-6680	67	64	activities	activity	NOUN
taxlaw-6680	67	65	.	.	PUNCT
taxlaw-6680	68	1	a	a	DET
taxlaw-6680	68	2	partnership	partnership	NOUN
taxlaw-6680	68	3	is	be	AUX
taxlaw-6680	68	4	not	not	PART
taxlaw-6680	68	5	subject	subject	ADJ
taxlaw-6680	68	6	to	to	ADP
taxlaw-6680	68	7	entity	entity	NOUN
taxlaw-6680	68	8	-	-	PUNCT
taxlaw-6680	68	9	level	level	NOUN
taxlaw-6680	68	10	tax.7	tax.7	NOUN
taxlaw-6680	68	11	instead	instead	ADV
taxlaw-6680	68	12	,	,	PUNCT
taxlaw-6680	68	13	each	each	DET
taxlaw-6680	68	14	partner	partner	NOUN
taxlaw-6680	68	15	must	must	AUX
taxlaw-6680	68	16	separately	separately	ADV
taxlaw-6680	68	17	take	take	VERB
taxlaw-6680	68	18	into	into	ADP
taxlaw-6680	68	19	account	account	NOUN
taxlaw-6680	68	20	his	his	PRON
taxlaw-6680	68	21	distributive	distributive	ADJ
taxlaw-6680	68	22	share	share	NOUN
taxlaw-6680	68	23	of	of	ADP
taxlaw-6680	68	24	partnership	partnership	NOUN
taxlaw-6680	68	25	items.8	items.8	PROPN
taxlaw-6680	68	26	section	section	NOUN
taxlaw-6680	68	27	704	704	NUM
taxlaw-6680	68	28	and	and	CCONJ
taxlaw-6680	68	29	related	related	ADJ
taxlaw-6680	68	30	regulations	regulation	NOUN
taxlaw-6680	68	31	permit	permit	VERB
taxlaw-6680	68	32	a	a	DET
taxlaw-6680	68	33	partner	partner	NOUN
taxlaw-6680	68	34	’s	’s	PART
taxlaw-6680	68	35	distributive	distributive	ADJ
taxlaw-6680	68	36	share	share	NOUN
taxlaw-6680	68	37	to	to	PART
taxlaw-6680	68	38	be	be	AUX
taxlaw-6680	68	39	determined	determine	VERB
taxlaw-6680	68	40	by	by	ADP
taxlaw-6680	68	41	the	the	DET
taxlaw-6680	68	42	partnership	partnership	NOUN
taxlaw-6680	68	43	agreement	agreement	NOUN
taxlaw-6680	68	44	.	.	PUNCT
taxlaw-6680	69	1	if	if	SCONJ
taxlaw-6680	69	2	such	such	ADJ
taxlaw-6680	69	3	allocations	allocation	NOUN
taxlaw-6680	69	4	lack	lack	VERB
taxlaw-6680	69	5	substantial	substantial	ADJ
taxlaw-6680	69	6	economic	economic	ADJ
taxlaw-6680	69	7	effect	effect	NOUN
taxlaw-6680	69	8	,	,	PUNCT
taxlaw-6680	69	9	the	the	DET
taxlaw-6680	69	10	relevant	relevant	ADJ
taxlaw-6680	69	11	partnership	partnership	NOUN
taxlaw-6680	69	12	items	item	NOUN
taxlaw-6680	69	13	will	will	AUX
taxlaw-6680	69	14	be	be	AUX
taxlaw-6680	69	15	reallocated	reallocate	VERB
taxlaw-6680	69	16	,	,	PUNCT
taxlaw-6680	69	17	solely	solely	ADV
taxlaw-6680	69	18	for	for	ADP
taxlaw-6680	69	19	tax	tax	NOUN
taxlaw-6680	69	20	purposes	purpose	NOUN
taxlaw-6680	69	21	,	,	PUNCT
taxlaw-6680	69	22	in	in	ADP
taxlaw-6680	69	23	accordance	accordance	NOUN
taxlaw-6680	69	24	with	with	ADP
taxlaw-6680	69	25	the	the	DET
taxlaw-6680	69	26	partner	partner	NOUN
taxlaw-6680	69	27	’s	’s	PART
taxlaw-6680	69	28	interest	interest	NOUN
taxlaw-6680	69	29	in	in	ADP
taxlaw-6680	69	30	the	the	DET
taxlaw-6680	69	31	partnership	partnership	NOUN
taxlaw-6680	69	32	determined	determine	VERB
taxlaw-6680	69	33	under	under	ADP
taxlaw-6680	69	34	all	all	DET
taxlaw-6680	69	35	4	4	NUM
taxlaw-6680	69	36	i	i	PRON
taxlaw-6680	69	37	d.	d.	PROPN
taxlaw-6680	69	38	5	5	NUM
taxlaw-6680	69	39	see	see	VERB
taxlaw-6680	69	40	part	part	NOUN
taxlaw-6680	69	41	ii.a	ii.a	NOUN
taxlaw-6680	69	42	,	,	PUNCT
taxlaw-6680	69	43	infra	infra	NOUN
taxlaw-6680	69	44	.	.	PUNCT
taxlaw-6680	70	1	the	the	DET
taxlaw-6680	70	2	reader	reader	NOUN
taxlaw-6680	70	3	may	may	AUX
taxlaw-6680	70	4	develop	develop	VERB
taxlaw-6680	70	5	a	a	DET
taxlaw-6680	70	6	sense	sense	NOUN
taxlaw-6680	70	7	of	of	ADP
taxlaw-6680	70	8	treasury	treasury	NOUN
taxlaw-6680	70	9	’s	’s	PART
taxlaw-6680	70	10	“	"	PUNCT
taxlaw-6680	70	11	painstaking	painstaking	ADJ
taxlaw-6680	70	12	efforts	effort	NOUN
taxlaw-6680	70	13	”	"	PUNCT
taxlaw-6680	70	14	by	by	ADP
taxlaw-6680	70	15	looking	look	VERB
taxlaw-6680	70	16	at	at	ADP
taxlaw-6680	70	17	the	the	DET
taxlaw-6680	70	18	length	length	NOUN
taxlaw-6680	70	19	and	and	CCONJ
taxlaw-6680	70	20	complexity	complexity	NOUN
taxlaw-6680	70	21	of	of	ADP
taxlaw-6680	70	22	section	section	NOUN
taxlaw-6680	70	23	704	704	NUM
taxlaw-6680	70	24	regulations	regulation	NOUN
taxlaw-6680	70	25	.	.	PUNCT
taxlaw-6680	71	1	see	see	VERB
taxlaw-6680	71	2	generally	generally	ADV
taxlaw-6680	71	3	treas	treas	PROPN
taxlaw-6680	71	4	.	.	PUNCT
taxlaw-6680	72	1	reg	reg	PROPN
taxlaw-6680	72	2	.	.	PUNCT
taxlaw-6680	73	1	§	§	NOUN
taxlaw-6680	73	2	1.704	1.704	NUM
taxlaw-6680	73	3	-	-	SYM
taxlaw-6680	73	4	1	1	NUM
taxlaw-6680	73	5	.	.	NOUN
taxlaw-6680	73	6	6	6	NUM
taxlaw-6680	73	7	treas	trea	NOUN
taxlaw-6680	73	8	.	.	PUNCT
taxlaw-6680	74	1	reg	reg	PROPN
taxlaw-6680	74	2	.	.	PUNCT
taxlaw-6680	75	1	§	§	PROPN
taxlaw-6680	75	2	1.701	1.701	NUM
taxlaw-6680	75	3	-	-	SYM
taxlaw-6680	75	4	2(a	2(a	NUM
taxlaw-6680	75	5	)	)	PUNCT
taxlaw-6680	75	6	.	.	PUNCT
taxlaw-6680	76	1	7	7	NUM
taxlaw-6680	76	2	i.r.c	i.r.c	NOUN
taxlaw-6680	76	3	.	.	PUNCT
taxlaw-6680	77	1	§	§	PROPN
taxlaw-6680	77	2	701	701	NUM
taxlaw-6680	77	3	.	.	SYM
taxlaw-6680	77	4	8	8	NUM
taxlaw-6680	78	1	i	i	PRON
taxlaw-6680	78	2	d.	d.	NOUN
taxlaw-6680	78	3	see	see	VERB
taxlaw-6680	78	4	also	also	ADV
taxlaw-6680	78	5	i.r.c	i.r.c	NOUN
taxlaw-6680	78	6	.	.	PUNCT
taxlaw-6680	79	1	§	§	PROPN
taxlaw-6680	79	2	702(a	702(a	PROPN
taxlaw-6680	79	3	)	)	PUNCT
taxlaw-6680	79	4	.	.	PUNCT
taxlaw-6680	80	1	2019	2019	NUM
taxlaw-6680	80	2	]	]	PUNCT
taxlaw-6680	80	3	a	a	DET
taxlaw-6680	80	4	gain	gain	NOUN
taxlaw-6680	80	5	must	must	AUX
taxlaw-6680	80	6	lie	lie	VERB
taxlaw-6680	80	7	where	where	SCONJ
taxlaw-6680	80	8	it	it	PRON
taxlaw-6680	80	9	falls	fall	VERB
taxlaw-6680	80	10	:	:	PUNCT
taxlaw-6680	80	11	matching	match	VERB
taxlaw-6680	80	12	tax	tax	NOUN
taxlaw-6680	80	13	with	with	ADP
taxlaw-6680	80	14	economics	economic	NOUN
taxlaw-6680	80	15	in	in	ADP
taxlaw-6680	80	16	subchapter	subchapter	NOUN
taxlaw-6680	80	17	k	k	PROPN
taxlaw-6680	80	18	107	107	NUM
taxlaw-6680	80	19	facts	fact	NOUN
taxlaw-6680	80	20	and	and	CCONJ
taxlaw-6680	80	21	circumstances.9	circumstances.9	VERB
taxlaw-6680	80	22	the	the	DET
taxlaw-6680	80	23	partnership	partnership	NOUN
taxlaw-6680	80	24	agreement	agreement	NOUN
taxlaw-6680	80	25	need	need	AUX
taxlaw-6680	80	26	not	not	PART
taxlaw-6680	80	27	provide	provide	VERB
taxlaw-6680	80	28	that	that	PRON
taxlaw-6680	80	29	partnership	partnership	NOUN
taxlaw-6680	80	30	items	item	NOUN
taxlaw-6680	80	31	be	be	AUX
taxlaw-6680	80	32	allocated	allocate	VERB
taxlaw-6680	80	33	in	in	ADP
taxlaw-6680	80	34	proportion	proportion	NOUN
taxlaw-6680	80	35	to	to	ADP
taxlaw-6680	80	36	each	each	DET
taxlaw-6680	80	37	partner	partner	NOUN
taxlaw-6680	80	38	’s	’s	PART
taxlaw-6680	80	39	capital	capital	NOUN
taxlaw-6680	80	40	contribution	contribution	NOUN
taxlaw-6680	80	41	to	to	ADP
taxlaw-6680	80	42	the	the	DET
taxlaw-6680	80	43	partnership.10	partnership.10	NOUN
taxlaw-6680	80	44	to	to	PART
taxlaw-6680	80	45	provide	provide	VERB
taxlaw-6680	80	46	even	even	ADV
taxlaw-6680	80	47	more	more	ADJ
taxlaw-6680	80	48	flexibility	flexibility	NOUN
taxlaw-6680	80	49	,	,	PUNCT
taxlaw-6680	80	50	subchapter	subchapter	NOUN
taxlaw-6680	80	51	k	k	PROPN
taxlaw-6680	80	52	permits	permit	VERB
taxlaw-6680	80	53	partners	partner	NOUN
taxlaw-6680	80	54	to	to	PART
taxlaw-6680	80	55	modify	modify	VERB
taxlaw-6680	80	56	the	the	DET
taxlaw-6680	80	57	partnership	partnership	NOUN
taxlaw-6680	80	58	agreement	agreement	NOUN
taxlaw-6680	80	59	and	and	CCONJ
taxlaw-6680	80	60	make	make	VERB
taxlaw-6680	80	61	special	special	ADJ
taxlaw-6680	80	62	allocations	allocation	NOUN
taxlaw-6680	80	63	of	of	ADP
taxlaw-6680	80	64	partnership	partnership	NOUN
taxlaw-6680	80	65	items	item	NOUN
taxlaw-6680	80	66	for	for	ADP
taxlaw-6680	80	67	the	the	DET
taxlaw-6680	80	68	taxable	taxable	ADJ
taxlaw-6680	80	69	year	year	NOUN
taxlaw-6680	80	70	up	up	ADP
taxlaw-6680	80	71	to	to	ADP
taxlaw-6680	80	72	the	the	DET
taxlaw-6680	80	73	time	time	NOUN
taxlaw-6680	80	74	prescribed	prescribe	VERB
taxlaw-6680	80	75	by	by	ADP
taxlaw-6680	80	76	law	law	NOUN
taxlaw-6680	80	77	(	(	PUNCT
taxlaw-6680	80	78	excluding	exclude	VERB
taxlaw-6680	80	79	extensions	extension	NOUN
taxlaw-6680	80	80	)	)	PUNCT
taxlaw-6680	80	81	for	for	ADP
taxlaw-6680	80	82	filing	file	VERB
taxlaw-6680	80	83	the	the	DET
taxlaw-6680	80	84	partnership	partnership	NOUN
taxlaw-6680	80	85	’s	’s	PART
taxlaw-6680	80	86	tax	tax	NOUN
taxlaw-6680	80	87	return.11	return.11	NOUN
taxlaw-6680	80	88	such	such	ADJ
taxlaw-6680	80	89	flexibility	flexibility	NOUN
taxlaw-6680	80	90	is	be	AUX
taxlaw-6680	80	91	also	also	ADV
taxlaw-6680	80	92	in	in	ADP
taxlaw-6680	80	93	line	line	NOUN
taxlaw-6680	80	94	with	with	ADP
taxlaw-6680	80	95	congress	congress	PROPN
taxlaw-6680	80	96	’	'	PUNCT
taxlaw-6680	80	97	intent	intent	NOUN
taxlaw-6680	80	98	to	to	PART
taxlaw-6680	80	99	establish	establish	VERB
taxlaw-6680	80	100	partnerships	partnership	NOUN
taxlaw-6680	80	101	as	as	ADP
taxlaw-6680	80	102	vehicles	vehicle	NOUN
taxlaw-6680	80	103	for	for	ADP
taxlaw-6680	80	104	pooling	pool	VERB
taxlaw-6680	80	105	resources	resource	NOUN
taxlaw-6680	80	106	for	for	ADP
taxlaw-6680	80	107	productive	productive	ADJ
taxlaw-6680	80	108	uses	use	NOUN
taxlaw-6680	80	109	without	without	ADP
taxlaw-6680	80	110	triggering	trigger	VERB
taxlaw-6680	80	111	gain	gain	NOUN
taxlaw-6680	80	112	or	or	CCONJ
taxlaw-6680	80	113	loss.12	loss.12	NOUN
taxlaw-6680	80	114	it	it	PRON
taxlaw-6680	80	115	is	be	AUX
taxlaw-6680	80	116	easy	easy	ADJ
taxlaw-6680	80	117	to	to	PART
taxlaw-6680	80	118	see	see	VERB
taxlaw-6680	80	119	how	how	SCONJ
taxlaw-6680	80	120	the	the	DET
taxlaw-6680	80	121	significant	significant	ADJ
taxlaw-6680	80	122	flexibility	flexibility	NOUN
taxlaw-6680	80	123	of	of	ADP
taxlaw-6680	80	124	subchapter	subchapter	NOUN
taxlaw-6680	80	125	k	k	NOUN
taxlaw-6680	80	126	,	,	PUNCT
taxlaw-6680	80	127	in	in	ADP
taxlaw-6680	80	128	the	the	DET
taxlaw-6680	80	129	absence	absence	NOUN
taxlaw-6680	80	130	of	of	ADP
taxlaw-6680	80	131	antiabuse	antiabuse	ADJ
taxlaw-6680	80	132	rules	rule	NOUN
taxlaw-6680	80	133	,	,	PUNCT
taxlaw-6680	80	134	may	may	AUX
taxlaw-6680	80	135	lead	lead	VERB
taxlaw-6680	80	136	to	to	ADP
taxlaw-6680	80	137	disproportionately	disproportionately	ADV
taxlaw-6680	80	138	large	large	ADJ
taxlaw-6680	80	139	efficiency	efficiency	NOUN
taxlaw-6680	80	140	costs	cost	NOUN
taxlaw-6680	80	141	.	.	PUNCT
taxlaw-6680	81	1	as	as	ADP
taxlaw-6680	81	2	with	with	ADP
taxlaw-6680	81	3	the	the	DET
taxlaw-6680	81	4	taxpayers	taxpayer	NOUN
taxlaw-6680	81	5	incurring	incur	VERB
taxlaw-6680	81	6	arbitrary	arbitrary	ADJ
taxlaw-6680	81	7	tax	tax	NOUN
taxlaw-6680	81	8	liabilities	liability	NOUN
taxlaw-6680	81	9	discussed	discuss	VERB
taxlaw-6680	81	10	in	in	ADP
taxlaw-6680	81	11	part	part	NOUN
taxlaw-6680	81	12	i	i	PROPN
taxlaw-6680	81	13	,	,	PUNCT
taxlaw-6680	81	14	partners	partner	NOUN
taxlaw-6680	81	15	seeking	seek	VERB
taxlaw-6680	81	16	to	to	PART
taxlaw-6680	81	17	maximize	maximize	VERB
taxlaw-6680	81	18	their	their	PRON
taxlaw-6680	81	19	aftertax	aftertax	ADJ
taxlaw-6680	81	20	payoffs	payoff	NOUN
taxlaw-6680	81	21	may	may	AUX
taxlaw-6680	81	22	from	from	ADP
taxlaw-6680	81	23	time	time	NOUN
taxlaw-6680	81	24	to	to	ADP
taxlaw-6680	81	25	time	time	NOUN
taxlaw-6680	81	26	be	be	AUX
taxlaw-6680	81	27	incentivized	incentivize	VERB
taxlaw-6680	81	28	to	to	PART
taxlaw-6680	81	29	go	go	VERB
taxlaw-6680	81	30	against	against	ADP
taxlaw-6680	81	31	the	the	DET
taxlaw-6680	81	32	socially	socially	ADV
taxlaw-6680	81	33	beneficial	beneficial	ADJ
taxlaw-6680	81	34	goal	goal	NOUN
taxlaw-6680	81	35	of	of	ADP
taxlaw-6680	81	36	maximizing	maximize	VERB
taxlaw-6680	81	37	pre	pre	ADJ
taxlaw-6680	81	38	-	-	ADJ
taxlaw-6680	81	39	tax	tax	ADJ
taxlaw-6680	81	40	payoffs	payoff	NOUN
taxlaw-6680	81	41	.	.	PUNCT
taxlaw-6680	82	1	for	for	ADP
taxlaw-6680	82	2	example	example	NOUN
taxlaw-6680	82	3	,	,	PUNCT
taxlaw-6680	82	4	the	the	DET
taxlaw-6680	82	5	partners	partner	NOUN
taxlaw-6680	82	6	may	may	AUX
taxlaw-6680	82	7	be	be	AUX
taxlaw-6680	82	8	incentivized	incentivize	VERB
taxlaw-6680	82	9	to	to	PART
taxlaw-6680	82	10	shift	shift	VERB
taxlaw-6680	82	11	the	the	DET
taxlaw-6680	82	12	tax	tax	NOUN
taxlaw-6680	82	13	consequences	consequence	NOUN
taxlaw-6680	82	14	of	of	ADP
taxlaw-6680	82	15	economic	economic	ADJ
taxlaw-6680	82	16	activities	activity	NOUN
taxlaw-6680	82	17	,	,	PUNCT
taxlaw-6680	82	18	whether	whether	SCONJ
taxlaw-6680	82	19	related	related	ADJ
taxlaw-6680	82	20	or	or	CCONJ
taxlaw-6680	82	21	unrelated	unrelated	ADJ
taxlaw-6680	82	22	to	to	ADP
taxlaw-6680	82	23	the	the	DET
taxlaw-6680	82	24	partnership	partnership	NOUN
taxlaw-6680	82	25	’s	’s	PART
taxlaw-6680	82	26	business	business	NOUN
taxlaw-6680	82	27	,	,	PUNCT
taxlaw-6680	82	28	among	among	ADP
taxlaw-6680	82	29	themselves	themselves	PRON
taxlaw-6680	82	30	without	without	ADP
taxlaw-6680	82	31	shifting	shift	VERB
taxlaw-6680	82	32	the	the	DET
taxlaw-6680	82	33	underlying	underlie	VERB
taxlaw-6680	82	34	economic	economic	ADJ
taxlaw-6680	82	35	activities.13	activities.13	NOUN
taxlaw-6680	82	36	if	if	SCONJ
taxlaw-6680	82	37	this	this	PRON
taxlaw-6680	82	38	is	be	AUX
taxlaw-6680	82	39	the	the	DET
taxlaw-6680	82	40	case	case	NOUN
taxlaw-6680	82	41	,	,	PUNCT
taxlaw-6680	82	42	the	the	DET
taxlaw-6680	82	43	government	government	NOUN
taxlaw-6680	82	44	will	will	AUX
taxlaw-6680	82	45	unintentionally	unintentionally	ADV
taxlaw-6680	82	46	subsidize	subsidize	VERB
taxlaw-6680	82	47	inefficient	inefficient	ADJ
taxlaw-6680	82	48	businesses	business	NOUN
taxlaw-6680	82	49	(	(	PUNCT
taxlaw-6680	82	50	as	as	ADP
taxlaw-6680	82	51	in	in	ADP
taxlaw-6680	82	52	the	the	DET
taxlaw-6680	82	53	case	case	NOUN
taxlaw-6680	82	54	with	with	ADP
taxlaw-6680	82	55	a	a	DET
taxlaw-6680	82	56	100	100	NUM
taxlaw-6680	82	57	%	%	NOUN
taxlaw-6680	82	58	tax	tax	NOUN
taxlaw-6680	82	59	credit	credit	NOUN
taxlaw-6680	82	60	for	for	ADP
taxlaw-6680	82	61	nols	nol	NOUN
taxlaw-6680	82	62	)	)	PUNCT
taxlaw-6680	82	63	and	and	CCONJ
taxlaw-6680	82	64	will	will	AUX
taxlaw-6680	82	65	hinder	hinder	VERB
taxlaw-6680	82	66	the	the	DET
taxlaw-6680	82	67	proper	proper	ADJ
taxlaw-6680	82	68	functioning	functioning	NOUN
taxlaw-6680	82	69	of	of	ADP
taxlaw-6680	82	70	capital	capital	NOUN
taxlaw-6680	82	71	markets	market	NOUN
taxlaw-6680	82	72	due	due	ADJ
taxlaw-6680	82	73	to	to	ADP
taxlaw-6680	82	74	the	the	DET
taxlaw-6680	82	75	use	use	NOUN
taxlaw-6680	82	76	of	of	ADP
taxlaw-6680	82	77	tax	tax	NOUN
taxlaw-6680	82	78	shelters	shelter	NOUN
taxlaw-6680	82	79	(	(	PUNCT
taxlaw-6680	82	80	as	as	ADP
taxlaw-6680	82	81	in	in	ADP
taxlaw-6680	82	82	the	the	DET
taxlaw-6680	82	83	case	case	NOUN
taxlaw-6680	82	84	with	with	ADP
taxlaw-6680	82	85	a	a	DET
taxlaw-6680	82	86	100	100	NUM
taxlaw-6680	82	87	%	%	NOUN
taxlaw-6680	82	88	deduction	deduction	NOUN
taxlaw-6680	82	89	for	for	ADP
taxlaw-6680	82	90	personal	personal	ADJ
taxlaw-6680	82	91	consumption	consumption	NOUN
taxlaw-6680	82	92	)	)	PUNCT
taxlaw-6680	82	93	.	.	PUNCT
taxlaw-6680	83	1	b.	b.	PROPN
taxlaw-6680	84	1	the	the	DET
taxlaw-6680	84	2	problem	problem	NOUN
taxlaw-6680	84	3	of	of	ADP
taxlaw-6680	84	4	unintended	unintended	ADJ
taxlaw-6680	84	5	government	government	NOUN
taxlaw-6680	84	6	subsidies	subsidy	NOUN
taxlaw-6680	84	7	to	to	PART
taxlaw-6680	84	8	understand	understand	VERB
taxlaw-6680	84	9	the	the	DET
taxlaw-6680	84	10	efficiency	efficiency	NOUN
taxlaw-6680	84	11	cost	cost	NOUN
taxlaw-6680	84	12	of	of	ADP
taxlaw-6680	84	13	subchapter	subchapter	NOUN
taxlaw-6680	84	14	k	k	NOUN
taxlaw-6680	84	15	in	in	ADP
taxlaw-6680	84	16	terms	term	NOUN
taxlaw-6680	84	17	of	of	ADP
taxlaw-6680	84	18	unintended	unintended	ADJ
taxlaw-6680	84	19	government	government	NOUN
taxlaw-6680	84	20	subsidies	subsidy	NOUN
taxlaw-6680	84	21	,	,	PUNCT
taxlaw-6680	84	22	assume	assume	VERB
taxlaw-6680	84	23	that	that	SCONJ
taxlaw-6680	84	24	the	the	DET
taxlaw-6680	84	25	partners	partner	NOUN
taxlaw-6680	84	26	initially	initially	ADV
taxlaw-6680	84	27	have	have	VERB
taxlaw-6680	84	28	unlimited	unlimited	ADJ
taxlaw-6680	84	29	flexibility	flexibility	NOUN
taxlaw-6680	84	30	in	in	ADP
taxlaw-6680	84	31	allocating	allocate	VERB
taxlaw-6680	84	32	partnership	partnership	NOUN
taxlaw-6680	84	33	items	item	NOUN
taxlaw-6680	84	34	for	for	ADP
taxlaw-6680	84	35	tax	tax	NOUN
taxlaw-6680	84	36	purposes	purpose	NOUN
taxlaw-6680	84	37	without	without	ADP
taxlaw-6680	84	38	regard	regard	NOUN
taxlaw-6680	84	39	to	to	ADP
taxlaw-6680	84	40	how	how	SCONJ
taxlaw-6680	84	41	they	they	PRON
taxlaw-6680	84	42	share	share	VERB
taxlaw-6680	84	43	those	those	DET
taxlaw-6680	84	44	items	item	NOUN
taxlaw-6680	84	45	economically	economically	ADV
taxlaw-6680	84	46	.	.	PUNCT
taxlaw-6680	85	1	suppose	suppose	VERB
taxlaw-6680	85	2	an	an	DET
taxlaw-6680	85	3	individual	individual	NOUN
taxlaw-6680	85	4	,	,	PUNCT
taxlaw-6680	85	5	a	a	PRON
taxlaw-6680	85	6	,	,	PUNCT
taxlaw-6680	85	7	is	be	AUX
taxlaw-6680	85	8	operating	operate	VERB
taxlaw-6680	85	9	a	a	DET
taxlaw-6680	85	10	profitable	profitable	ADJ
taxlaw-6680	85	11	business	business	NOUN
taxlaw-6680	85	12	with	with	ADP
taxlaw-6680	85	13	$	$	SYM
taxlaw-6680	85	14	100x	100x	NUM
taxlaw-6680	85	15	capital	capital	NOUN
taxlaw-6680	85	16	at	at	ADP
taxlaw-6680	85	17	an	an	DET
taxlaw-6680	85	18	annual	annual	ADJ
taxlaw-6680	85	19	pre	pre	ADJ
taxlaw-6680	85	20	-	-	ADJ
taxlaw-6680	85	21	tax	tax	ADJ
taxlaw-6680	85	22	return	return	NOUN
taxlaw-6680	85	23	of	of	ADP
taxlaw-6680	85	24	10	10	NUM
taxlaw-6680	85	25	%	%	NOUN
taxlaw-6680	85	26	.	.	PUNCT
taxlaw-6680	86	1	to	to	PART
taxlaw-6680	86	2	expand	expand	VERB
taxlaw-6680	86	3	his	his	PRON
taxlaw-6680	86	4	business	business	NOUN
taxlaw-6680	86	5	,	,	PUNCT
taxlaw-6680	86	6	a	a	PRON
taxlaw-6680	86	7	is	be	AUX
taxlaw-6680	86	8	considering	consider	VERB
taxlaw-6680	86	9	attracting	attract	VERB
taxlaw-6680	86	10	capital	capital	NOUN
taxlaw-6680	86	11	owned	own	VERB
taxlaw-6680	86	12	by	by	ADP
taxlaw-6680	86	13	b	b	PROPN
taxlaw-6680	86	14	and	and	CCONJ
taxlaw-6680	86	15	c.	c.	NOUN
taxlaw-6680	86	16	each	each	PRON
taxlaw-6680	86	17	would	would	AUX
taxlaw-6680	86	18	contribute	contribute	VERB
taxlaw-6680	86	19	$	$	SYM
taxlaw-6680	86	20	100x	100x	NUM
taxlaw-6680	86	21	each	each	PRON
taxlaw-6680	86	22	,	,	PUNCT
taxlaw-6680	86	23	and	and	CCONJ
taxlaw-6680	86	24	both	both	DET
taxlaw-6680	86	25	lack	lack	NOUN
taxlaw-6680	86	26	expertise	expertise	NOUN
taxlaw-6680	86	27	in	in	ADP
taxlaw-6680	86	28	a	a	DET
taxlaw-6680	86	29	’s	’s	NOUN
taxlaw-6680	86	30	business	business	NOUN
taxlaw-6680	86	31	.	.	PUNCT
taxlaw-6680	87	1	a	a	PRON
taxlaw-6680	87	2	is	be	AUX
taxlaw-6680	87	3	uncertain	uncertain	ADJ
taxlaw-6680	87	4	as	as	ADP
taxlaw-6680	87	5	to	to	ADP
taxlaw-6680	87	6	whether	whether	SCONJ
taxlaw-6680	87	7	b	b	NOUN
taxlaw-6680	87	8	and	and	CCONJ
taxlaw-6680	87	9	c	c	PROPN
taxlaw-6680	87	10	will	will	AUX
taxlaw-6680	87	11	hold	hold	VERB
taxlaw-6680	87	12	a	a	DET
taxlaw-6680	87	13	debt	debt	NOUN
taxlaw-6680	87	14	or	or	CCONJ
taxlaw-6680	87	15	equity	equity	NOUN
taxlaw-6680	87	16	interest	interest	NOUN
taxlaw-6680	87	17	in	in	ADP
taxlaw-6680	87	18	the	the	DET
taxlaw-6680	87	19	business	business	NOUN
taxlaw-6680	87	20	.	.	PUNCT
taxlaw-6680	88	1	for	for	ADP
taxlaw-6680	88	2	simplicity	simplicity	NOUN
taxlaw-6680	88	3	,	,	PUNCT
taxlaw-6680	88	4	assume	assume	VERB
taxlaw-6680	88	5	that	that	SCONJ
taxlaw-6680	88	6	a	a	PRON
taxlaw-6680	88	7	is	be	AUX
taxlaw-6680	88	8	in	in	ADP
taxlaw-6680	88	9	the	the	DET
taxlaw-6680	88	10	40	40	NUM
taxlaw-6680	88	11	%	%	NOUN
taxlaw-6680	88	12	tax	tax	NOUN
taxlaw-6680	88	13	bracket	bracket	NOUN
taxlaw-6680	88	14	,	,	PUNCT
taxlaw-6680	88	15	while	while	SCONJ
taxlaw-6680	88	16	b	b	PROPN
taxlaw-6680	88	17	and	and	CCONJ
taxlaw-6680	88	18	c	c	PROPN
taxlaw-6680	88	19	pay	pay	VERB
taxlaw-6680	88	20	no	no	DET
taxlaw-6680	88	21	tax	tax	NOUN
taxlaw-6680	88	22	because	because	SCONJ
taxlaw-6680	88	23	of	of	ADP
taxlaw-6680	88	24	favorable	favorable	ADJ
taxlaw-6680	88	25	tax	tax	NOUN
taxlaw-6680	88	26	attributes	attribute	NOUN
taxlaw-6680	88	27	such	such	ADJ
taxlaw-6680	88	28	as	as	ADP
taxlaw-6680	88	29	nol	nol	NOUN
taxlaw-6680	88	30	carryovers	carryover	NOUN
taxlaw-6680	88	31	.	.	PUNCT
taxlaw-6680	89	1	debt	debt	NOUN
taxlaw-6680	89	2	form	form	NOUN
taxlaw-6680	89	3	of	of	ADP
taxlaw-6680	89	4	transaction	transaction	NOUN
taxlaw-6680	89	5	:	:	PUNCT
taxlaw-6680	89	6	if	if	SCONJ
taxlaw-6680	89	7	b	b	PROPN
taxlaw-6680	89	8	and	and	CCONJ
taxlaw-6680	89	9	c	c	PROPN
taxlaw-6680	89	10	come	come	VERB
taxlaw-6680	89	11	in	in	ADP
taxlaw-6680	89	12	as	as	ADP
taxlaw-6680	89	13	creditors	creditor	NOUN
taxlaw-6680	89	14	for	for	ADP
taxlaw-6680	89	15	a	a	DET
taxlaw-6680	89	16	5	5	NUM
taxlaw-6680	89	17	%	%	NOUN
taxlaw-6680	89	18	annual	annual	ADJ
taxlaw-6680	89	19	pre	pre	ADJ
taxlaw-6680	89	20	-	-	ADJ
taxlaw-6680	89	21	tax	tax	ADJ
taxlaw-6680	89	22	return	return	NOUN
taxlaw-6680	89	23	on	on	ADP
taxlaw-6680	89	24	their	their	PRON
taxlaw-6680	89	25	investment	investment	NOUN
taxlaw-6680	89	26	,	,	PUNCT
taxlaw-6680	89	27	a	a	PRON
taxlaw-6680	89	28	will	will	AUX
taxlaw-6680	89	29	now	now	ADV
taxlaw-6680	89	30	have	have	VERB
taxlaw-6680	89	31	$	$	SYM
taxlaw-6680	89	32	300x	300x	NUM
taxlaw-6680	89	33	capital	capital	NOUN
taxlaw-6680	89	34	and	and	CCONJ
taxlaw-6680	89	35	retain	retain	VERB
taxlaw-6680	89	36	exclusive	exclusive	ADJ
taxlaw-6680	89	37	control	control	NOUN
taxlaw-6680	89	38	over	over	ADP
taxlaw-6680	89	39	the	the	DET
taxlaw-6680	89	40	9	9	NUM
taxlaw-6680	89	41	i.r.c	i.r.c	NOUN
taxlaw-6680	89	42	.	.	PUNCT
taxlaw-6680	90	1	§	§	PROPN
taxlaw-6680	90	2	704(a	704(a	PROPN
taxlaw-6680	90	3	)	)	PUNCT
taxlaw-6680	90	4	&	&	CCONJ
taxlaw-6680	90	5	(	(	PUNCT
taxlaw-6680	90	6	b	b	NOUN
taxlaw-6680	90	7	)	)	PUNCT
taxlaw-6680	90	8	;	;	PUNCT
taxlaw-6680	91	1	treas	treas	PROPN
taxlaw-6680	91	2	.	.	PUNCT
taxlaw-6680	92	1	reg	reg	PROPN
taxlaw-6680	92	2	.	.	PUNCT
taxlaw-6680	93	1	§	§	PROPN
taxlaw-6680	93	2	1.704	1.704	NUM
taxlaw-6680	93	3	-	-	NUM
taxlaw-6680	93	4	1(b)(1)(i	1(b)(1)(i	NUM
taxlaw-6680	93	5	)	)	PUNCT
taxlaw-6680	93	6	.	.	PUNCT
taxlaw-6680	94	1	see	see	VERB
taxlaw-6680	94	2	also	also	ADV
taxlaw-6680	94	3	s.	s.	PROPN
taxlaw-6680	94	4	comm	comm	NOUN
taxlaw-6680	94	5	.	.	PUNCT
taxlaw-6680	95	1	on	on	ADP
taxlaw-6680	95	2	finance	finance	NOUN
taxlaw-6680	95	3	,	,	PUNCT
taxlaw-6680	95	4	98th	98th	ADJ
taxlaw-6680	95	5	cong	cong	NOUN
taxlaw-6680	95	6	.	.	PROPN
taxlaw-6680	95	7	,	,	PUNCT
taxlaw-6680	95	8	2d	2d	NUM
taxlaw-6680	95	9	sess	sess	NOUN
taxlaw-6680	95	10	.	.	PUNCT
taxlaw-6680	95	11	,	,	PUNCT
taxlaw-6680	95	12	rep	rep	PROPN
taxlaw-6680	95	13	.	.	PROPN
taxlaw-6680	95	14	on	on	ADP
taxlaw-6680	95	15	deficit	deficit	NOUN
taxlaw-6680	95	16	reduction	reduction	NOUN
taxlaw-6680	95	17	act	act	NOUN
taxlaw-6680	95	18	of	of	ADP
taxlaw-6680	95	19	1984	1984	NUM
taxlaw-6680	95	20	,	,	PUNCT
taxlaw-6680	95	21	213	213	NUM
taxlaw-6680	95	22	.	.	NOUN
taxlaw-6680	95	23	10	10	NUM
taxlaw-6680	95	24	see	see	VERB
taxlaw-6680	95	25	staff	staff	NOUN
taxlaw-6680	95	26	of	of	ADP
taxlaw-6680	95	27	the	the	DET
taxlaw-6680	95	28	joint	joint	ADJ
taxlaw-6680	95	29	comm	comm	NOUN
taxlaw-6680	95	30	.	.	PUNCT
taxlaw-6680	96	1	on	on	ADP
taxlaw-6680	96	2	internal	internal	ADJ
taxlaw-6680	96	3	revenue	revenue	NOUN
taxlaw-6680	96	4	taxation	taxation	NOUN
taxlaw-6680	96	5	,	,	PUNCT
taxlaw-6680	96	6	94th	94th	ADJ
taxlaw-6680	96	7	cong	cong	NOUN
taxlaw-6680	96	8	.	.	PROPN
taxlaw-6680	96	9	,	,	PUNCT
taxlaw-6680	96	10	2d	2d	NUM
taxlaw-6680	96	11	sess	sess	NOUN
taxlaw-6680	96	12	.	.	PUNCT
taxlaw-6680	96	13	,	,	PUNCT
taxlaw-6680	96	14	general	general	ADJ
taxlaw-6680	96	15	explanation	explanation	NOUN
taxlaw-6680	96	16	of	of	ADP
taxlaw-6680	96	17	the	the	DET
taxlaw-6680	96	18	tax	tax	NOUN
taxlaw-6680	96	19	reform	reform	NOUN
taxlaw-6680	96	20	act	act	NOUN
taxlaw-6680	96	21	of	of	ADP
taxlaw-6680	96	22	1976	1976	NUM
taxlaw-6680	96	23	,	,	PUNCT
taxlaw-6680	96	24	at	at	ADP
taxlaw-6680	96	25	94	94	NUM
taxlaw-6680	96	26	.	.	PUNCT
taxlaw-6680	97	1	as	as	ADP
taxlaw-6680	97	2	a	a	DET
taxlaw-6680	97	3	comparison	comparison	NOUN
taxlaw-6680	97	4	to	to	ADP
taxlaw-6680	97	5	s	s	NOUN
taxlaw-6680	97	6	corporation	corporation	NOUN
taxlaw-6680	97	7	rules	rule	NOUN
taxlaw-6680	97	8	,	,	PUNCT
taxlaw-6680	97	9	see	see	VERB
taxlaw-6680	97	10	i.r.c	i.r.c	NOUN
taxlaw-6680	97	11	.	.	PUNCT
taxlaw-6680	98	1	§	§	NOUN
taxlaw-6680	98	2	1366(a	1366(a	NUM
taxlaw-6680	98	3	)	)	PUNCT
taxlaw-6680	98	4	(	(	PUNCT
taxlaw-6680	98	5	requiring	require	VERB
taxlaw-6680	98	6	pro	pro	ADJ
taxlaw-6680	98	7	rata	rata	ADJ
taxlaw-6680	98	8	allocation	allocation	NOUN
taxlaw-6680	98	9	of	of	ADP
taxlaw-6680	98	10	an	an	DET
taxlaw-6680	98	11	s	s	X
taxlaw-6680	98	12	corporation	corporation	NOUN
taxlaw-6680	98	13	’s	’s	PART
taxlaw-6680	98	14	items	item	NOUN
taxlaw-6680	98	15	of	of	ADP
taxlaw-6680	98	16	income	income	NOUN
taxlaw-6680	98	17	,	,	PUNCT
taxlaw-6680	98	18	loss	loss	NOUN
taxlaw-6680	98	19	,	,	PUNCT
taxlaw-6680	98	20	deduction	deduction	NOUN
taxlaw-6680	98	21	,	,	PUNCT
taxlaw-6680	98	22	or	or	CCONJ
taxlaw-6680	98	23	credit	credit	NOUN
taxlaw-6680	98	24	to	to	ADP
taxlaw-6680	98	25	its	its	PRON
taxlaw-6680	98	26	shareholders	shareholder	NOUN
taxlaw-6680	98	27	)	)	PUNCT
taxlaw-6680	98	28	.	.	PUNCT
taxlaw-6680	99	1	11	11	NUM
taxlaw-6680	99	2	see	see	VERB
taxlaw-6680	99	3	staff	staff	NOUN
taxlaw-6680	99	4	of	of	ADP
taxlaw-6680	99	5	the	the	DET
taxlaw-6680	99	6	joint	joint	ADJ
taxlaw-6680	99	7	comm	comm	NOUN
taxlaw-6680	99	8	.	.	PUNCT
taxlaw-6680	100	1	on	on	ADP
taxlaw-6680	100	2	internal	internal	ADJ
taxlaw-6680	100	3	revenue	revenue	NOUN
taxlaw-6680	100	4	taxation	taxation	NOUN
taxlaw-6680	100	5	,	,	PUNCT
taxlaw-6680	100	6	supra	supra	PROPN
taxlaw-6680	100	7	note	note	PROPN
taxlaw-6680	100	8	10	10	NUM
taxlaw-6680	100	9	;	;	PUNCT
taxlaw-6680	100	10	see	see	AUX
taxlaw-6680	100	11	also	also	ADV
taxlaw-6680	100	12	section	section	NOUN
taxlaw-6680	100	13	761(c	761(c	PROPN
taxlaw-6680	100	14	)	)	PUNCT
taxlaw-6680	100	15	.	.	PUNCT
taxlaw-6680	101	1	12	12	NUM
taxlaw-6680	101	2	see	see	VERB
taxlaw-6680	101	3	s.	s.	PROPN
taxlaw-6680	101	4	comm	comm	PROPN
taxlaw-6680	101	5	.	.	PUNCT
taxlaw-6680	102	1	on	on	ADP
taxlaw-6680	102	2	finance	finance	NOUN
taxlaw-6680	102	3	,	,	PUNCT
taxlaw-6680	102	4	98th	98th	ADJ
taxlaw-6680	102	5	cong	cong	NOUN
taxlaw-6680	102	6	.	.	PROPN
taxlaw-6680	102	7	,	,	PUNCT
taxlaw-6680	102	8	2d	2d	NUM
taxlaw-6680	102	9	sess	sess	NOUN
taxlaw-6680	102	10	.	.	PUNCT
taxlaw-6680	102	11	,	,	PUNCT
taxlaw-6680	102	12	rep	rep	PROPN
taxlaw-6680	102	13	.	.	PROPN
taxlaw-6680	102	14	on	on	ADP
taxlaw-6680	102	15	deficit	deficit	NOUN
taxlaw-6680	102	16	reduction	reduction	NOUN
taxlaw-6680	102	17	act	act	NOUN
taxlaw-6680	102	18	of	of	ADP
taxlaw-6680	102	19	1984	1984	NUM
taxlaw-6680	102	20	,	,	PUNCT
taxlaw-6680	102	21	214	214	NUM
taxlaw-6680	102	22	.	.	PUNCT
taxlaw-6680	103	1	see	see	VERB
taxlaw-6680	103	2	also	also	ADV
taxlaw-6680	103	3	supra	supra	ADJ
taxlaw-6680	103	4	note	note	NOUN
taxlaw-6680	103	5	6	6	NUM
taxlaw-6680	103	6	.	.	NOUN
taxlaw-6680	103	7	13	13	NUM
taxlaw-6680	103	8	for	for	ADP
taxlaw-6680	103	9	a	a	DET
taxlaw-6680	103	10	recent	recent	ADJ
taxlaw-6680	103	11	example	example	NOUN
taxlaw-6680	103	12	,	,	PUNCT
taxlaw-6680	103	13	see	see	VERB
taxlaw-6680	103	14	tifd	tifd	PROPN
taxlaw-6680	103	15	iii	iii	PROPN
taxlaw-6680	103	16	-	-	PUNCT
taxlaw-6680	103	17	e	e	PROPN
taxlaw-6680	103	18	inc	inc	PROPN
taxlaw-6680	103	19	.	.	PROPN
taxlaw-6680	104	1	v.	v.	PROPN
taxlaw-6680	104	2	united	united	PROPN
taxlaw-6680	104	3	states	states	PROPN
taxlaw-6680	104	4	,	,	PUNCT
taxlaw-6680	104	5	342	342	NUM
taxlaw-6680	104	6	f.	f.	PROPN
taxlaw-6680	104	7	supp	supp	PROPN
taxlaw-6680	104	8	.	.	PUNCT
taxlaw-6680	105	1	2d	2d	PROPN
taxlaw-6680	105	2	94	94	NUM
taxlaw-6680	105	3	(	(	PUNCT
taxlaw-6680	105	4	d.	d.	PROPN
taxlaw-6680	105	5	conn	conn	PROPN
taxlaw-6680	105	6	.	.	PROPN
taxlaw-6680	105	7	2004	2004	NUM
taxlaw-6680	105	8	)	)	PUNCT
taxlaw-6680	105	9	,	,	PUNCT
taxlaw-6680	105	10	rev’d	rev’d	NOUN
taxlaw-6680	105	11	,	,	PUNCT
taxlaw-6680	105	12	459	459	NUM
taxlaw-6680	105	13	f.3d	f.3d	NUM
taxlaw-6680	105	14	220	220	NUM
taxlaw-6680	105	15	(	(	PUNCT
taxlaw-6680	105	16	2d	2d	NUM
taxlaw-6680	105	17	cir	cir	NOUN
taxlaw-6680	105	18	.	.	PUNCT
taxlaw-6680	105	19	2006	2006	NUM
taxlaw-6680	105	20	)	)	PUNCT
taxlaw-6680	105	21	,	,	PUNCT
taxlaw-6680	105	22	also	also	ADV
taxlaw-6680	105	23	known	know	VERB
taxlaw-6680	105	24	as	as	ADP
taxlaw-6680	105	25	the	the	DET
taxlaw-6680	105	26	castle	castle	PROPN
taxlaw-6680	105	27	harbour	harbour	PROPN
taxlaw-6680	105	28	case	case	NOUN
taxlaw-6680	105	29	.	.	PUNCT
taxlaw-6680	106	1	in	in	ADP
taxlaw-6680	106	2	that	that	DET
taxlaw-6680	106	3	case	case	NOUN
taxlaw-6680	106	4	,	,	PUNCT
taxlaw-6680	106	5	the	the	DET
taxlaw-6680	106	6	taxpayers	taxpayer	NOUN
taxlaw-6680	106	7	attempted	attempt	VERB
taxlaw-6680	106	8	to	to	PART
taxlaw-6680	106	9	shift	shift	VERB
taxlaw-6680	106	10	taxable	taxable	ADJ
taxlaw-6680	106	11	gain	gain	NOUN
taxlaw-6680	106	12	to	to	ADP
taxlaw-6680	106	13	a	a	DET
taxlaw-6680	106	14	foreign	foreign	ADJ
taxlaw-6680	106	15	tax	tax	NOUN
taxlaw-6680	106	16	-	-	PUNCT
taxlaw-6680	106	17	neutral	neutral	ADJ
taxlaw-6680	106	18	partner	partner	NOUN
taxlaw-6680	106	19	while	while	SCONJ
taxlaw-6680	106	20	the	the	DET
taxlaw-6680	106	21	gain	gain	NOUN
taxlaw-6680	106	22	would	would	AUX
taxlaw-6680	106	23	have	have	AUX
taxlaw-6680	106	24	been	be	AUX
taxlaw-6680	106	25	taxable	taxable	ADJ
taxlaw-6680	106	26	to	to	ADP
taxlaw-6680	106	27	the	the	DET
taxlaw-6680	106	28	u.s	u.s	PROPN
taxlaw-6680	106	29	.	.	PROPN
taxlaw-6680	106	30	partner	partner	NOUN
taxlaw-6680	106	31	.	.	PUNCT
taxlaw-6680	107	1	though	though	SCONJ
taxlaw-6680	107	2	the	the	DET
taxlaw-6680	107	3	allocations	allocation	NOUN
taxlaw-6680	107	4	were	be	AUX
taxlaw-6680	107	5	upheld	uphold	VERB
taxlaw-6680	107	6	by	by	ADP
taxlaw-6680	107	7	the	the	DET
taxlaw-6680	107	8	district	district	NOUN
taxlaw-6680	107	9	court	court	NOUN
taxlaw-6680	107	10	,	,	PUNCT
taxlaw-6680	107	11	the	the	DET
taxlaw-6680	107	12	decision	decision	NOUN
taxlaw-6680	107	13	was	be	AUX
taxlaw-6680	107	14	ultimately	ultimately	ADV
taxlaw-6680	107	15	reversed	reverse	VERB
taxlaw-6680	107	16	by	by	ADP
taxlaw-6680	107	17	the	the	DET
taxlaw-6680	107	18	second	second	ADJ
taxlaw-6680	107	19	circuit	circuit	NOUN
taxlaw-6680	107	20	.	.	PUNCT
taxlaw-6680	108	1	[	[	X
taxlaw-6680	108	2	vol	vol	NOUN
taxlaw-6680	108	3	.	.	PUNCT
taxlaw-6680	108	4	11:1	11:1	NUM
taxlaw-6680	108	5	columbia	columbia	PROPN
taxlaw-6680	108	6	journal	journal	PROPN
taxlaw-6680	108	7	of	of	ADP
taxlaw-6680	108	8	tax	tax	NOUN
taxlaw-6680	108	9	law	law	NOUN
taxlaw-6680	108	10	108	108	NUM
taxlaw-6680	108	11	business	business	NOUN
taxlaw-6680	108	12	.	.	PUNCT
taxlaw-6680	109	1	because	because	SCONJ
taxlaw-6680	109	2	of	of	ADP
taxlaw-6680	109	3	his	his	PRON
taxlaw-6680	109	4	specialized	specialized	ADJ
taxlaw-6680	109	5	knowledge	knowledge	NOUN
taxlaw-6680	109	6	in	in	ADP
taxlaw-6680	109	7	the	the	DET
taxlaw-6680	109	8	business	business	NOUN
taxlaw-6680	109	9	and	and	CCONJ
taxlaw-6680	109	10	unhindered	unhindered	ADJ
taxlaw-6680	109	11	control	control	NOUN
taxlaw-6680	109	12	over	over	ADP
taxlaw-6680	109	13	its	its	PRON
taxlaw-6680	109	14	operations	operation	NOUN
taxlaw-6680	109	15	,	,	PUNCT
taxlaw-6680	109	16	the	the	DET
taxlaw-6680	109	17	business	business	NOUN
taxlaw-6680	109	18	will	will	AUX
taxlaw-6680	109	19	continue	continue	VERB
taxlaw-6680	109	20	to	to	PART
taxlaw-6680	109	21	generate	generate	VERB
taxlaw-6680	109	22	a	a	DET
taxlaw-6680	109	23	10	10	NUM
taxlaw-6680	109	24	%	%	NOUN
taxlaw-6680	109	25	annual	annual	ADJ
taxlaw-6680	109	26	pre	pre	ADJ
taxlaw-6680	109	27	-	-	ADJ
taxlaw-6680	109	28	tax	tax	ADJ
taxlaw-6680	109	29	return	return	NOUN
taxlaw-6680	109	30	.	.	PUNCT
taxlaw-6680	110	1	assuming	assume	VERB
taxlaw-6680	110	2	interest	interest	NOUN
taxlaw-6680	110	3	expense	expense	NOUN
taxlaw-6680	110	4	is	be	AUX
taxlaw-6680	110	5	fully	fully	ADV
taxlaw-6680	110	6	deductible	deductible	ADJ
taxlaw-6680	110	7	,	,	PUNCT
taxlaw-6680	110	8	the	the	DET
taxlaw-6680	110	9	after	after	ADP
taxlaw-6680	110	10	-	-	PUNCT
taxlaw-6680	110	11	tax	tax	NOUN
taxlaw-6680	110	12	return	return	NOUN
taxlaw-6680	110	13	on	on	ADP
taxlaw-6680	110	14	investment	investment	NOUN
taxlaw-6680	110	15	for	for	ADP
taxlaw-6680	110	16	the	the	DET
taxlaw-6680	110	17	parties	party	NOUN
taxlaw-6680	110	18	is	be	AUX
taxlaw-6680	110	19	as	as	SCONJ
taxlaw-6680	110	20	follows	follow	VERB
taxlaw-6680	110	21	:	:	PUNCT
taxlaw-6680	110	22	party	party	NOUN
taxlaw-6680	110	23	payoff	payoff	VERB
taxlaw-6680	110	24	a	a	DET
taxlaw-6680	110	25	$	$	SYM
taxlaw-6680	110	26	12x	12x	NUM
taxlaw-6680	110	27	b	b	X
taxlaw-6680	110	28	$	$	SYM
taxlaw-6680	110	29	5x	5x	NUM
taxlaw-6680	110	30	c	c	NOUN
taxlaw-6680	110	31	$	$	SYM
taxlaw-6680	110	32	5x	5x	NUM
taxlaw-6680	110	33	total	total	NOUN
taxlaw-6680	110	34	for	for	ADP
taxlaw-6680	110	35	private	private	ADJ
taxlaw-6680	110	36	parties	party	NOUN
taxlaw-6680	110	37	$	$	SYM
taxlaw-6680	110	38	22x	22x	NOUN
taxlaw-6680	110	39	u.s	u.s	PROPN
taxlaw-6680	110	40	.	.	PROPN
taxlaw-6680	110	41	government	government	NOUN
taxlaw-6680	110	42	$	$	SYM
taxlaw-6680	110	43	8x	8x	PROPN
taxlaw-6680	110	44	total	total	NOUN
taxlaw-6680	110	45	for	for	ADP
taxlaw-6680	110	46	all	all	DET
taxlaw-6680	110	47	parties	party	NOUN
taxlaw-6680	110	48	$	$	SYM
taxlaw-6680	110	49	30x	30x	NOUN
taxlaw-6680	110	50	a	a	X
taxlaw-6680	110	51	:	:	PUNCT
taxlaw-6680	110	52	(	(	PUNCT
taxlaw-6680	110	53	$	$	SYM
taxlaw-6680	110	54	300x	300x	NUM
taxlaw-6680	110	55	*	*	PUNCT
taxlaw-6680	110	56	10	10	NUM
taxlaw-6680	110	57	%	%	NOUN
taxlaw-6680	110	58	5	5	NUM
taxlaw-6680	110	59	%	%	NOUN
taxlaw-6680	110	60	*	*	PUNCT
taxlaw-6680	110	61	$	$	SYM
taxlaw-6680	110	62	200x	200x	NUM
taxlaw-6680	110	63	)	)	PUNCT
taxlaw-6680	110	64	*	*	PUNCT
taxlaw-6680	111	1	(	(	PUNCT
taxlaw-6680	111	2	1	1	NUM
taxlaw-6680	111	3	-	-	SYM
taxlaw-6680	111	4	40	40	NUM
taxlaw-6680	111	5	%	%	NOUN
taxlaw-6680	111	6	)	)	PUNCT
taxlaw-6680	112	1	b	b	NOUN
taxlaw-6680	112	2	:	:	PUNCT
taxlaw-6680	112	3	(	(	PUNCT
taxlaw-6680	112	4	$	$	SYM
taxlaw-6680	112	5	100x	100x	NUM
taxlaw-6680	112	6	*	*	PUNCT
taxlaw-6680	112	7	5	5	NUM
taxlaw-6680	112	8	%	%	NOUN
taxlaw-6680	112	9	)	)	PUNCT
taxlaw-6680	113	1	c	c	X
taxlaw-6680	113	2	:	:	PUNCT
taxlaw-6680	113	3	(	(	PUNCT
taxlaw-6680	113	4	$	$	SYM
taxlaw-6680	113	5	100x	100x	NUM
taxlaw-6680	113	6	*	*	PUNCT
taxlaw-6680	113	7	5	5	NUM
taxlaw-6680	113	8	%	%	NOUN
taxlaw-6680	113	9	)	)	PUNCT
taxlaw-6680	113	10	u.s	u.s	PROPN
taxlaw-6680	113	11	.	.	PROPN
taxlaw-6680	113	12	government	government	NOUN
taxlaw-6680	113	13	:	:	PUNCT
taxlaw-6680	113	14	(	(	PUNCT
taxlaw-6680	113	15	$	$	SYM
taxlaw-6680	113	16	300x	300x	NUM
taxlaw-6680	113	17	*	*	PUNCT
taxlaw-6680	113	18	10	10	NUM
taxlaw-6680	113	19	%	%	NOUN
taxlaw-6680	113	20	5	5	NUM
taxlaw-6680	113	21	%	%	NOUN
taxlaw-6680	113	22	*	*	PUNCT
taxlaw-6680	113	23	$	$	SYM
taxlaw-6680	113	24	200x	200x	NUM
taxlaw-6680	113	25	)	)	PUNCT
taxlaw-6680	113	26	*	*	PUNCT
taxlaw-6680	113	27	40	40	NUM
taxlaw-6680	113	28	%	%	NOUN
taxlaw-6680	113	29	equity	equity	NOUN
taxlaw-6680	113	30	form	form	NOUN
taxlaw-6680	113	31	of	of	ADP
taxlaw-6680	113	32	transaction	transaction	NOUN
taxlaw-6680	113	33	:	:	PUNCT
taxlaw-6680	113	34	if	if	SCONJ
taxlaw-6680	113	35	b	b	PROPN
taxlaw-6680	113	36	and	and	CCONJ
taxlaw-6680	113	37	c	c	PROPN
taxlaw-6680	113	38	have	have	VERB
taxlaw-6680	113	39	management	management	NOUN
taxlaw-6680	113	40	rights	right	NOUN
taxlaw-6680	113	41	and	and	CCONJ
taxlaw-6680	113	42	come	come	VERB
taxlaw-6680	113	43	in	in	ADP
taxlaw-6680	113	44	as	as	ADP
taxlaw-6680	113	45	general	general	ADJ
taxlaw-6680	113	46	partners	partner	NOUN
taxlaw-6680	113	47	,	,	PUNCT
taxlaw-6680	113	48	assume	assume	VERB
taxlaw-6680	113	49	that	that	SCONJ
taxlaw-6680	113	50	their	their	PRON
taxlaw-6680	113	51	lack	lack	NOUN
taxlaw-6680	113	52	of	of	ADP
taxlaw-6680	113	53	business	business	NOUN
taxlaw-6680	113	54	expertise	expertise	NOUN
taxlaw-6680	113	55	and	and	CCONJ
taxlaw-6680	113	56	the	the	DET
taxlaw-6680	113	57	resulting	result	VERB
taxlaw-6680	113	58	management	management	NOUN
taxlaw-6680	113	59	inefficiencies	inefficiency	NOUN
taxlaw-6680	113	60	means	mean	VERB
taxlaw-6680	113	61	that	that	SCONJ
taxlaw-6680	113	62	the	the	DET
taxlaw-6680	113	63	business	business	NOUN
taxlaw-6680	113	64	(	(	PUNCT
taxlaw-6680	113	65	now	now	ADV
taxlaw-6680	113	66	partnership	partnership	NOUN
taxlaw-6680	113	67	abc	abc	PROPN
taxlaw-6680	113	68	)	)	PUNCT
taxlaw-6680	113	69	can	can	AUX
taxlaw-6680	113	70	only	only	ADV
taxlaw-6680	113	71	generate	generate	VERB
taxlaw-6680	113	72	a	a	DET
taxlaw-6680	113	73	9	9	NUM
taxlaw-6680	113	74	%	%	NOUN
taxlaw-6680	113	75	annual	annual	ADJ
taxlaw-6680	113	76	pre	pre	ADJ
taxlaw-6680	113	77	-	-	ADJ
taxlaw-6680	113	78	tax	tax	ADJ
taxlaw-6680	113	79	return	return	NOUN
taxlaw-6680	113	80	on	on	ADP
taxlaw-6680	113	81	the	the	DET
taxlaw-6680	113	82	same	same	ADJ
taxlaw-6680	113	83	$	$	SYM
taxlaw-6680	113	84	300x	300x	NUM
taxlaw-6680	113	85	capital	capital	NOUN
taxlaw-6680	113	86	.	.	PUNCT
taxlaw-6680	114	1	despite	despite	SCONJ
taxlaw-6680	114	2	the	the	DET
taxlaw-6680	114	3	lower	low	ADJ
taxlaw-6680	114	4	pre	pre	ADJ
taxlaw-6680	114	5	-	-	ADJ
taxlaw-6680	114	6	tax	tax	ADJ
taxlaw-6680	114	7	return	return	NOUN
taxlaw-6680	114	8	,	,	PUNCT
taxlaw-6680	114	9	a	a	PRON
taxlaw-6680	114	10	will	will	AUX
taxlaw-6680	114	11	take	take	VERB
taxlaw-6680	114	12	advantage	advantage	NOUN
taxlaw-6680	114	13	of	of	ADP
taxlaw-6680	114	14	the	the	DET
taxlaw-6680	114	15	partnership	partnership	NOUN
taxlaw-6680	114	16	’s	’s	PART
taxlaw-6680	114	17	unlimited	unlimited	ADJ
taxlaw-6680	114	18	flexibility	flexibility	NOUN
taxlaw-6680	114	19	to	to	PART
taxlaw-6680	114	20	make	make	VERB
taxlaw-6680	114	21	special	special	ADJ
taxlaw-6680	114	22	allocations	allocation	NOUN
taxlaw-6680	114	23	and	and	CCONJ
taxlaw-6680	114	24	allocate	allocate	VERB
taxlaw-6680	114	25	all	all	DET
taxlaw-6680	114	26	pre	pre	ADJ
taxlaw-6680	114	27	-	-	ADJ
taxlaw-6680	114	28	tax	tax	ADJ
taxlaw-6680	114	29	profit	profit	NOUN
taxlaw-6680	114	30	to	to	ADP
taxlaw-6680	114	31	b	b	NOUN
taxlaw-6680	114	32	and	and	CCONJ
taxlaw-6680	114	33	c	c	X
taxlaw-6680	114	34	solely	solely	ADV
taxlaw-6680	114	35	for	for	ADP
taxlaw-6680	114	36	tax	tax	NOUN
taxlaw-6680	114	37	purposes	purpose	NOUN
taxlaw-6680	114	38	,	,	PUNCT
taxlaw-6680	114	39	while	while	SCONJ
taxlaw-6680	114	40	their	their	PRON
taxlaw-6680	114	41	actual	actual	ADJ
taxlaw-6680	114	42	economic	economic	ADJ
taxlaw-6680	114	43	entitlement	entitlement	NOUN
taxlaw-6680	114	44	remains	remain	VERB
taxlaw-6680	114	45	unchanged	unchanged	ADJ
taxlaw-6680	114	46	.	.	PUNCT
taxlaw-6680	115	1	because	because	SCONJ
taxlaw-6680	115	2	b	b	NOUN
taxlaw-6680	115	3	and	and	CCONJ
taxlaw-6680	115	4	c	c	PROPN
taxlaw-6680	115	5	pay	pay	VERB
taxlaw-6680	115	6	no	no	DET
taxlaw-6680	115	7	tax	tax	NOUN
taxlaw-6680	115	8	,	,	PUNCT
taxlaw-6680	115	9	and	and	CCONJ
taxlaw-6680	115	10	a	a	PRON
taxlaw-6680	115	11	now	now	ADV
taxlaw-6680	115	12	has	have	VERB
taxlaw-6680	115	13	no	no	DET
taxlaw-6680	115	14	taxable	taxable	ADJ
taxlaw-6680	115	15	income	income	NOUN
taxlaw-6680	115	16	from	from	ADP
taxlaw-6680	115	17	the	the	DET
taxlaw-6680	115	18	business	business	NOUN
taxlaw-6680	115	19	,	,	PUNCT
taxlaw-6680	115	20	the	the	DET
taxlaw-6680	115	21	after	after	ADP
taxlaw-6680	115	22	-	-	PUNCT
taxlaw-6680	115	23	tax	tax	NOUN
taxlaw-6680	115	24	payoff	payoff	NOUN
taxlaw-6680	115	25	for	for	ADP
taxlaw-6680	115	26	the	the	DET
taxlaw-6680	115	27	parties	party	NOUN
taxlaw-6680	115	28	is	be	AUX
taxlaw-6680	115	29	as	as	SCONJ
taxlaw-6680	115	30	follows	follow	VERB
taxlaw-6680	115	31	:	:	PUNCT
taxlaw-6680	115	32	party	party	NOUN
taxlaw-6680	115	33	payoff	payoff	VERB
taxlaw-6680	115	34	a	a	DET
taxlaw-6680	115	35	$	$	SYM
taxlaw-6680	115	36	17x	17x	NUM
taxlaw-6680	115	37	b	b	NOUN
taxlaw-6680	115	38	$	$	SYM
taxlaw-6680	115	39	5x	5x	NUM
taxlaw-6680	115	40	c	c	NOUN
taxlaw-6680	115	41	$	$	SYM
taxlaw-6680	115	42	5x	5x	NUM
taxlaw-6680	115	43	total	total	NOUN
taxlaw-6680	115	44	for	for	ADP
taxlaw-6680	115	45	private	private	ADJ
taxlaw-6680	115	46	parties	party	NOUN
taxlaw-6680	115	47	$	$	SYM
taxlaw-6680	115	48	27x	27x	NUM
taxlaw-6680	115	49	u.s	u.s	PROPN
taxlaw-6680	115	50	.	.	PROPN
taxlaw-6680	115	51	government	government	NOUN
taxlaw-6680	115	52	0	0	NUM
taxlaw-6680	115	53	total	total	NOUN
taxlaw-6680	115	54	for	for	ADP
taxlaw-6680	115	55	all	all	DET
taxlaw-6680	115	56	parties	party	NOUN
taxlaw-6680	115	57	$	$	SYM
taxlaw-6680	115	58	27x	27x	NOUN
taxlaw-6680	115	59	a	a	X
taxlaw-6680	115	60	:	:	PUNCT
taxlaw-6680	115	61	(	(	PUNCT
taxlaw-6680	115	62	$	$	SYM
taxlaw-6680	115	63	300x	300x	NUM
taxlaw-6680	115	64	*	*	PUNCT
taxlaw-6680	115	65	9	9	NUM
taxlaw-6680	115	66	%	%	NOUN
taxlaw-6680	115	67	5	5	NUM
taxlaw-6680	115	68	%	%	NOUN
taxlaw-6680	115	69	*	*	PUNCT
taxlaw-6680	115	70	$	$	SYM
taxlaw-6680	115	71	200	200	NUM
taxlaw-6680	115	72	)	)	PUNCT
taxlaw-6680	115	73	b	b	NOUN
taxlaw-6680	115	74	:	:	PUNCT
taxlaw-6680	115	75	(	(	PUNCT
taxlaw-6680	115	76	$	$	SYM
taxlaw-6680	115	77	100x	100x	NUM
taxlaw-6680	115	78	*	*	PUNCT
taxlaw-6680	115	79	5	5	NUM
taxlaw-6680	115	80	%	%	NOUN
taxlaw-6680	115	81	)	)	PUNCT
taxlaw-6680	116	1	c	c	X
taxlaw-6680	116	2	:	:	PUNCT
taxlaw-6680	116	3	(	(	PUNCT
taxlaw-6680	116	4	$	$	SYM
taxlaw-6680	116	5	100x	100x	NUM
taxlaw-6680	116	6	*	*	PUNCT
taxlaw-6680	116	7	5	5	NUM
taxlaw-6680	116	8	%	%	NOUN
taxlaw-6680	116	9	)	)	PUNCT
taxlaw-6680	116	10	u.s	u.s	PROPN
taxlaw-6680	116	11	.	.	PROPN
taxlaw-6680	116	12	government	government	NOUN
taxlaw-6680	116	13	:	:	PUNCT
taxlaw-6680	116	14	0	0	NUM
taxlaw-6680	116	15	b	b	NOUN
taxlaw-6680	116	16	and	and	CCONJ
taxlaw-6680	116	17	c	c	PROPN
taxlaw-6680	116	18	will	will	AUX
taxlaw-6680	116	19	generally	generally	ADV
taxlaw-6680	116	20	be	be	AUX
taxlaw-6680	116	21	indifferent	indifferent	ADJ
taxlaw-6680	116	22	to	to	ADP
taxlaw-6680	116	23	the	the	DET
taxlaw-6680	116	24	debt	debt	NOUN
taxlaw-6680	116	25	and	and	CCONJ
taxlaw-6680	116	26	equity	equity	NOUN
taxlaw-6680	116	27	forms	form	NOUN
taxlaw-6680	116	28	of	of	ADP
taxlaw-6680	116	29	the	the	DET
taxlaw-6680	116	30	transaction	transaction	NOUN
taxlaw-6680	116	31	because	because	SCONJ
taxlaw-6680	116	32	they	they	PRON
taxlaw-6680	116	33	expect	expect	VERB
taxlaw-6680	116	34	a	a	DET
taxlaw-6680	116	35	5	5	NUM
taxlaw-6680	116	36	%	%	NOUN
taxlaw-6680	116	37	after	after	ADP
taxlaw-6680	116	38	-	-	PUNCT
taxlaw-6680	116	39	tax	tax	NOUN
taxlaw-6680	116	40	return	return	NOUN
taxlaw-6680	116	41	in	in	ADP
taxlaw-6680	116	42	both	both	DET
taxlaw-6680	116	43	cases	case	NOUN
taxlaw-6680	116	44	.	.	PUNCT
taxlaw-6680	117	1	however	however	ADV
taxlaw-6680	117	2	,	,	PUNCT
taxlaw-6680	117	3	a	a	PRON
taxlaw-6680	117	4	will	will	AUX
taxlaw-6680	117	5	strongly	strongly	ADV
taxlaw-6680	117	6	prefer	prefer	VERB
taxlaw-6680	117	7	the	the	DET
taxlaw-6680	117	8	equity	equity	NOUN
taxlaw-6680	117	9	form	form	NOUN
taxlaw-6680	117	10	of	of	ADP
taxlaw-6680	117	11	the	the	DET
taxlaw-6680	117	12	transaction	transaction	NOUN
taxlaw-6680	117	13	due	due	ADP
taxlaw-6680	117	14	to	to	ADP
taxlaw-6680	117	15	the	the	DET
taxlaw-6680	117	16	tax	tax	NOUN
taxlaw-6680	117	17	savings	saving	NOUN
taxlaw-6680	117	18	,	,	PUNCT
taxlaw-6680	117	19	and	and	CCONJ
taxlaw-6680	117	20	may	may	AUX
taxlaw-6680	117	21	provide	provide	VERB
taxlaw-6680	117	22	b	b	NOUN
taxlaw-6680	117	23	and	and	CCONJ
taxlaw-6680	117	24	c	c	NOUN
taxlaw-6680	117	25	with	with	ADP
taxlaw-6680	117	26	management	management	NOUN
taxlaw-6680	117	27	rights	right	NOUN
taxlaw-6680	117	28	and	and	CCONJ
taxlaw-6680	117	29	a	a	DET
taxlaw-6680	117	30	higher	high	ADJ
taxlaw-6680	117	31	than	than	ADP
taxlaw-6680	117	32	5	5	NUM
taxlaw-6680	117	33	%	%	NOUN
taxlaw-6680	117	34	return	return	NOUN
taxlaw-6680	117	35	as	as	ADP
taxlaw-6680	117	36	“	"	PUNCT
taxlaw-6680	117	37	sweetener	sweetener	NOUN
taxlaw-6680	117	38	”	"	PUNCT
taxlaw-6680	117	39	for	for	ADP
taxlaw-6680	117	40	participation	participation	NOUN
taxlaw-6680	117	41	in	in	ADP
taxlaw-6680	117	42	the	the	DET
taxlaw-6680	117	43	income	income	NOUN
taxlaw-6680	117	44	shifting	shift	VERB
taxlaw-6680	117	45	scheme	scheme	NOUN
taxlaw-6680	117	46	.	.	PUNCT
taxlaw-6680	118	1	although	although	SCONJ
taxlaw-6680	118	2	a	a	PRON
taxlaw-6680	118	3	knows	know	VERB
taxlaw-6680	118	4	that	that	PRON
taxlaw-6680	118	5	b	b	NOUN
taxlaw-6680	118	6	and	and	CCONJ
taxlaw-6680	118	7	c	c	PROPN
taxlaw-6680	118	8	are	be	AUX
taxlaw-6680	118	9	not	not	PART
taxlaw-6680	118	10	familiar	familiar	ADJ
taxlaw-6680	118	11	with	with	ADP
taxlaw-6680	118	12	the	the	DET
taxlaw-6680	118	13	business	business	NOUN
taxlaw-6680	118	14	and	and	CCONJ
taxlaw-6680	118	15	that	that	SCONJ
taxlaw-6680	118	16	their	their	PRON
taxlaw-6680	118	17	involvement	involvement	NOUN
taxlaw-6680	118	18	in	in	ADP
taxlaw-6680	118	19	the	the	DET
taxlaw-6680	118	20	business	business	NOUN
taxlaw-6680	118	21	leads	lead	VERB
taxlaw-6680	118	22	to	to	ADP
taxlaw-6680	118	23	an	an	DET
taxlaw-6680	118	24	efficiency	efficiency	NOUN
taxlaw-6680	118	25	cost	cost	NOUN
taxlaw-6680	118	26	,	,	PUNCT
taxlaw-6680	118	27	a	a	PRON
taxlaw-6680	118	28	will	will	AUX
taxlaw-6680	118	29	not	not	PART
taxlaw-6680	118	30	act	act	VERB
taxlaw-6680	118	31	as	as	ADP
taxlaw-6680	118	32	a	a	DET
taxlaw-6680	118	33	“	"	PUNCT
taxlaw-6680	118	34	gatekeeper	gatekeeper	NOUN
taxlaw-6680	118	35	”	"	PUNCT
taxlaw-6680	118	36	because	because	SCONJ
taxlaw-6680	118	37	he	he	PRON
taxlaw-6680	118	38	is	be	AUX
taxlaw-6680	118	39	able	able	ADJ
taxlaw-6680	118	40	to	to	PART
taxlaw-6680	118	41	transfer	transfer	VERB
taxlaw-6680	118	42	such	such	ADJ
taxlaw-6680	118	43	costs	cost	NOUN
taxlaw-6680	118	44	to	to	ADP
taxlaw-6680	118	45	the	the	DET
taxlaw-6680	118	46	u.s	u.s	PROPN
taxlaw-6680	118	47	.	.	PROPN
taxlaw-6680	118	48	government	government	NOUN
taxlaw-6680	118	49	.	.	PUNCT
taxlaw-6680	119	1	in	in	ADP
taxlaw-6680	119	2	other	other	ADJ
taxlaw-6680	119	3	words	word	NOUN
taxlaw-6680	119	4	,	,	PUNCT
taxlaw-6680	119	5	although	although	SCONJ
taxlaw-6680	119	6	the	the	DET
taxlaw-6680	119	7	2019	2019	NUM
taxlaw-6680	119	8	]	]	PUNCT
taxlaw-6680	119	9	a	a	DET
taxlaw-6680	119	10	gain	gain	NOUN
taxlaw-6680	119	11	must	must	AUX
taxlaw-6680	119	12	lie	lie	VERB
taxlaw-6680	119	13	where	where	SCONJ
taxlaw-6680	119	14	it	it	PRON
taxlaw-6680	119	15	falls	fall	VERB
taxlaw-6680	119	16	:	:	PUNCT
taxlaw-6680	119	17	matching	match	VERB
taxlaw-6680	119	18	tax	tax	NOUN
taxlaw-6680	119	19	with	with	ADP
taxlaw-6680	119	20	economics	economic	NOUN
taxlaw-6680	119	21	in	in	ADP
taxlaw-6680	119	22	subchapter	subchapter	NOUN
taxlaw-6680	119	23	k	k	PROPN
taxlaw-6680	119	24	109	109	NUM
taxlaw-6680	119	25	debt	debt	NOUN
taxlaw-6680	119	26	form	form	NOUN
taxlaw-6680	119	27	of	of	ADP
taxlaw-6680	119	28	the	the	DET
taxlaw-6680	119	29	transaction	transaction	NOUN
taxlaw-6680	119	30	is	be	AUX
taxlaw-6680	119	31	more	more	ADV
taxlaw-6680	119	32	socially	socially	ADV
taxlaw-6680	119	33	beneficial	beneficial	ADJ
taxlaw-6680	119	34	,	,	PUNCT
taxlaw-6680	119	35	the	the	DET
taxlaw-6680	119	36	unlimited	unlimited	ADJ
taxlaw-6680	119	37	flexibility	flexibility	NOUN
taxlaw-6680	119	38	in	in	ADP
taxlaw-6680	119	39	allocating	allocate	VERB
taxlaw-6680	119	40	partnership	partnership	NOUN
taxlaw-6680	119	41	items	item	NOUN
taxlaw-6680	119	42	incentivizes	incentivize	VERB
taxlaw-6680	119	43	a	a	PRON
taxlaw-6680	119	44	to	to	PART
taxlaw-6680	119	45	choose	choose	VERB
taxlaw-6680	119	46	the	the	DET
taxlaw-6680	119	47	equity	equity	NOUN
taxlaw-6680	119	48	form	form	NOUN
taxlaw-6680	119	49	.	.	PUNCT
taxlaw-6680	120	1	in	in	ADP
taxlaw-6680	120	2	this	this	DET
taxlaw-6680	120	3	example	example	NOUN
taxlaw-6680	120	4	,	,	PUNCT
taxlaw-6680	120	5	the	the	DET
taxlaw-6680	120	6	u.s	u.s	PROPN
taxlaw-6680	120	7	.	.	PROPN
taxlaw-6680	120	8	government	government	NOUN
taxlaw-6680	120	9	provides	provide	VERB
taxlaw-6680	120	10	an	an	DET
taxlaw-6680	120	11	$	$	SYM
taxlaw-6680	120	12	8	8	NUM
taxlaw-6680	120	13	unintended	unintended	ADJ
taxlaw-6680	120	14	subsidy	subsidy	NOUN
taxlaw-6680	120	15	(	(	PUNCT
taxlaw-6680	120	16	in	in	ADP
taxlaw-6680	120	17	terms	term	NOUN
taxlaw-6680	120	18	of	of	ADP
taxlaw-6680	120	19	an	an	DET
taxlaw-6680	120	20	implied	imply	VERB
taxlaw-6680	120	21	tax	tax	NOUN
taxlaw-6680	120	22	credit	credit	NOUN
taxlaw-6680	120	23	)	)	PUNCT
taxlaw-6680	120	24	for	for	SCONJ
taxlaw-6680	120	25	the	the	DET
taxlaw-6680	120	26	private	private	ADJ
taxlaw-6680	120	27	parties	party	NOUN
taxlaw-6680	120	28	to	to	PART
taxlaw-6680	120	29	operate	operate	VERB
taxlaw-6680	120	30	an	an	DET
taxlaw-6680	120	31	inefficient	inefficient	ADJ
taxlaw-6680	120	32	business	business	NOUN
taxlaw-6680	120	33	:	:	PUNCT
taxlaw-6680	120	34	a	a	DET
taxlaw-6680	120	35	subsidy	subsidy	NOUN
taxlaw-6680	120	36	of	of	ADP
taxlaw-6680	120	37	$	$	SYM
taxlaw-6680	120	38	3	3	NUM
taxlaw-6680	120	39	to	to	PART
taxlaw-6680	120	40	fully	fully	ADV
taxlaw-6680	120	41	absorb	absorb	VERB
taxlaw-6680	120	42	the	the	DET
taxlaw-6680	120	43	efficiency	efficiency	NOUN
taxlaw-6680	120	44	cost	cost	NOUN
taxlaw-6680	120	45	,	,	PUNCT
taxlaw-6680	120	46	and	and	CCONJ
taxlaw-6680	120	47	an	an	DET
taxlaw-6680	120	48	additional	additional	ADJ
taxlaw-6680	120	49	$	$	SYM
taxlaw-6680	120	50	5	5	NUM
taxlaw-6680	120	51	subsidy	subsidy	NOUN
taxlaw-6680	120	52	as	as	ADP
taxlaw-6680	120	53	a	a	DET
taxlaw-6680	120	54	“	"	PUNCT
taxlaw-6680	120	55	sweetener	sweetener	NOUN
taxlaw-6680	120	56	”	"	PUNCT
taxlaw-6680	120	57	to	to	PART
taxlaw-6680	120	58	continue	continue	VERB
taxlaw-6680	120	59	operating	operate	VERB
taxlaw-6680	120	60	the	the	DET
taxlaw-6680	120	61	business	business	NOUN
taxlaw-6680	120	62	inefficiently	inefficiently	ADV
taxlaw-6680	120	63	.	.	PUNCT
taxlaw-6680	121	1	the	the	DET
taxlaw-6680	121	2	tax	tax	NOUN
taxlaw-6680	121	3	policy	policy	NOUN
taxlaw-6680	121	4	in	in	ADP
taxlaw-6680	121	5	this	this	DET
taxlaw-6680	121	6	case	case	NOUN
taxlaw-6680	121	7	thus	thus	ADV
taxlaw-6680	121	8	permits	permit	VERB
taxlaw-6680	121	9	an	an	DET
taxlaw-6680	121	10	increase	increase	NOUN
taxlaw-6680	121	11	in	in	ADP
taxlaw-6680	121	12	the	the	DET
taxlaw-6680	121	13	after	after	ADP
taxlaw-6680	121	14	-	-	PUNCT
taxlaw-6680	121	15	tax	tax	NOUN
taxlaw-6680	121	16	payoff	payoff	NOUN
taxlaw-6680	121	17	for	for	ADP
taxlaw-6680	121	18	the	the	DET
taxlaw-6680	121	19	private	private	ADJ
taxlaw-6680	121	20	parties	party	NOUN
taxlaw-6680	121	21	(	(	PUNCT
taxlaw-6680	121	22	from	from	ADP
taxlaw-6680	121	23	$	$	SYM
taxlaw-6680	121	24	22	22	NUM
taxlaw-6680	121	25	to	to	PART
taxlaw-6680	121	26	$	$	SYM
taxlaw-6680	121	27	27	27	NUM
taxlaw-6680	121	28	)	)	PUNCT
taxlaw-6680	121	29	even	even	ADV
taxlaw-6680	121	30	when	when	SCONJ
taxlaw-6680	121	31	the	the	DET
taxlaw-6680	121	32	pre	pre	ADJ
taxlaw-6680	121	33	-	-	ADJ
taxlaw-6680	121	34	tax	tax	ADJ
taxlaw-6680	121	35	payoff	payoff	NOUN
taxlaw-6680	121	36	for	for	ADP
taxlaw-6680	121	37	all	all	DET
taxlaw-6680	121	38	parties	party	NOUN
taxlaw-6680	121	39	decreases	decrease	VERB
taxlaw-6680	121	40	from	from	ADP
taxlaw-6680	121	41	$	$	SYM
taxlaw-6680	121	42	30	30	NUM
taxlaw-6680	121	43	to	to	PART
taxlaw-6680	121	44	$	$	SYM
taxlaw-6680	121	45	27	27	NUM
taxlaw-6680	121	46	.	.	PUNCT
taxlaw-6680	122	1	in	in	ADP
taxlaw-6680	122	2	other	other	ADJ
taxlaw-6680	122	3	words	word	NOUN
taxlaw-6680	122	4	,	,	PUNCT
taxlaw-6680	122	5	since	since	SCONJ
taxlaw-6680	122	6	the	the	DET
taxlaw-6680	122	7	parties	party	NOUN
taxlaw-6680	122	8	can	can	AUX
taxlaw-6680	122	9	pursue	pursue	VERB
taxlaw-6680	122	10	a	a	DET
taxlaw-6680	122	11	higher	high	ADJ
taxlaw-6680	122	12	aftertax	aftertax	ADJ
taxlaw-6680	122	13	payoff	payoff	NOUN
taxlaw-6680	122	14	simply	simply	ADV
taxlaw-6680	122	15	by	by	ADP
taxlaw-6680	122	16	changing	change	VERB
taxlaw-6680	122	17	the	the	DET
taxlaw-6680	122	18	form	form	NOUN
taxlaw-6680	122	19	of	of	ADP
taxlaw-6680	122	20	the	the	DET
taxlaw-6680	122	21	investment	investment	NOUN
taxlaw-6680	122	22	,	,	PUNCT
taxlaw-6680	122	23	there	there	PRON
taxlaw-6680	122	24	is	be	VERB
taxlaw-6680	122	25	no	no	DET
taxlaw-6680	122	26	incentive	incentive	NOUN
taxlaw-6680	122	27	to	to	PART
taxlaw-6680	122	28	also	also	ADV
taxlaw-6680	122	29	maximize	maximize	VERB
taxlaw-6680	122	30	the	the	DET
taxlaw-6680	122	31	pre	pre	ADJ
taxlaw-6680	122	32	-	-	ADJ
taxlaw-6680	122	33	tax	tax	ADJ
taxlaw-6680	122	34	payoff	payoff	NOUN
taxlaw-6680	122	35	.	.	PUNCT
taxlaw-6680	123	1	this	this	PRON
taxlaw-6680	123	2	is	be	AUX
taxlaw-6680	123	3	an	an	DET
taxlaw-6680	123	4	example	example	NOUN
taxlaw-6680	123	5	of	of	ADP
taxlaw-6680	123	6	an	an	DET
taxlaw-6680	123	7	arbitrary	arbitrary	ADJ
taxlaw-6680	123	8	tax	tax	NOUN
taxlaw-6680	123	9	liability	liability	NOUN
taxlaw-6680	123	10	as	as	SCONJ
taxlaw-6680	123	11	defined	define	VERB
taxlaw-6680	123	12	in	in	ADP
taxlaw-6680	123	13	part	part	NOUN
taxlaw-6680	123	14	i	i	PRON
taxlaw-6680	123	15	of	of	ADP
taxlaw-6680	123	16	this	this	DET
taxlaw-6680	123	17	note:14one	note:14one	NOUN
taxlaw-6680	123	18	that	that	PRON
taxlaw-6680	123	19	severs	sever	VERB
taxlaw-6680	123	20	the	the	DET
taxlaw-6680	123	21	connection	connection	NOUN
taxlaw-6680	123	22	between	between	ADP
taxlaw-6680	123	23	pre	pre	NOUN
taxlaw-6680	123	24	-	-	NOUN
taxlaw-6680	123	25	tax	tax	NOUN
taxlaw-6680	123	26	and	and	CCONJ
taxlaw-6680	123	27	after	after	ADP
taxlaw-6680	123	28	-	-	PUNCT
taxlaw-6680	123	29	tax	tax	NOUN
taxlaw-6680	123	30	payoffs	payoff	NOUN
taxlaw-6680	123	31	,	,	PUNCT
taxlaw-6680	123	32	subsidizes	subsidize	VERB
taxlaw-6680	123	33	inefficient	inefficient	ADJ
taxlaw-6680	123	34	businesses	business	NOUN
taxlaw-6680	123	35	,	,	PUNCT
taxlaw-6680	123	36	and	and	CCONJ
taxlaw-6680	123	37	potentially	potentially	ADV
taxlaw-6680	123	38	squeezes	squeeze	VERB
taxlaw-6680	123	39	out	out	ADP
taxlaw-6680	123	40	efficient	efficient	ADJ
taxlaw-6680	123	41	businesses.15	businesses.15	NOUN
taxlaw-6680	123	42	subchapter	subchapter	NOUN
taxlaw-6680	123	43	k	k	PROPN
taxlaw-6680	123	44	’s	’s	PART
taxlaw-6680	123	45	attempts	attempt	NOUN
taxlaw-6680	123	46	to	to	PART
taxlaw-6680	123	47	eliminate	eliminate	VERB
taxlaw-6680	123	48	such	such	ADJ
taxlaw-6680	123	49	arbitrary	arbitrary	ADJ
taxlaw-6680	123	50	tax	tax	NOUN
taxlaw-6680	123	51	liabilities	liability	NOUN
taxlaw-6680	123	52	by	by	ADP
taxlaw-6680	123	53	matching	match	VERB
taxlaw-6680	123	54	taxes	taxis	NOUN
taxlaw-6680	123	55	with	with	ADP
taxlaw-6680	123	56	economics	economic	NOUN
taxlaw-6680	123	57	.	.	PUNCT
taxlaw-6680	124	1	16	16	NUM
taxlaw-6680	124	2	to	to	PART
taxlaw-6680	124	3	illustrate	illustrate	VERB
taxlaw-6680	124	4	with	with	ADP
taxlaw-6680	124	5	the	the	DET
taxlaw-6680	124	6	same	same	ADJ
taxlaw-6680	124	7	example	example	NOUN
taxlaw-6680	124	8	,	,	PUNCT
taxlaw-6680	124	9	under	under	ADP
taxlaw-6680	124	10	subchapter	subchapter	NOUN
taxlaw-6680	124	11	k	k	PROPN
taxlaw-6680	124	12	,	,	PUNCT
taxlaw-6680	124	13	the	the	DET
taxlaw-6680	124	14	u.s	u.s	PROPN
taxlaw-6680	124	15	.	.	PROPN
taxlaw-6680	124	16	government	government	NOUN
taxlaw-6680	124	17	can	can	AUX
taxlaw-6680	124	18	instead	instead	ADV
taxlaw-6680	124	19	require	require	VERB
taxlaw-6680	124	20	that	that	SCONJ
taxlaw-6680	124	21	whoever	whoever	PRON
taxlaw-6680	124	22	is	be	AUX
taxlaw-6680	124	23	allocated	allocate	VERB
taxlaw-6680	124	24	partnership	partnership	NOUN
taxlaw-6680	124	25	income	income	NOUN
taxlaw-6680	124	26	for	for	ADP
taxlaw-6680	124	27	tax	tax	NOUN
taxlaw-6680	124	28	purposes	purpose	NOUN
taxlaw-6680	124	29	must	must	AUX
taxlaw-6680	124	30	actually	actually	ADV
taxlaw-6680	124	31	be	be	AUX
taxlaw-6680	124	32	entitled	entitle	VERB
taxlaw-6680	124	33	to	to	ADP
taxlaw-6680	124	34	such	such	ADJ
taxlaw-6680	124	35	income	income	NOUN
taxlaw-6680	124	36	.	.	PUNCT
taxlaw-6680	125	1	as	as	ADP
taxlaw-6680	125	2	a	a	DET
taxlaw-6680	125	3	result	result	NOUN
taxlaw-6680	125	4	,	,	PUNCT
taxlaw-6680	125	5	a	a	PRON
taxlaw-6680	125	6	will	will	AUX
taxlaw-6680	125	7	be	be	AUX
taxlaw-6680	125	8	taxed	tax	VERB
taxlaw-6680	125	9	at	at	ADP
taxlaw-6680	125	10	a	a	DET
taxlaw-6680	125	11	40	40	NUM
taxlaw-6680	125	12	%	%	NOUN
taxlaw-6680	125	13	rate	rate	NOUN
taxlaw-6680	125	14	on	on	ADP
taxlaw-6680	125	15	$	$	SYM
taxlaw-6680	125	16	17	17	NUM
taxlaw-6680	125	17	of	of	ADP
taxlaw-6680	125	18	partnership	partnership	NOUN
taxlaw-6680	125	19	income	income	NOUN
taxlaw-6680	125	20	because	because	SCONJ
taxlaw-6680	125	21	he	he	PRON
taxlaw-6680	125	22	is	be	AUX
taxlaw-6680	125	23	actually	actually	ADV
taxlaw-6680	125	24	entitled	entitle	VERB
taxlaw-6680	125	25	to	to	ADP
taxlaw-6680	125	26	it	it	PRON
taxlaw-6680	125	27	.	.	PUNCT
taxlaw-6680	126	1	the	the	DET
taxlaw-6680	126	2	parties	party	NOUN
taxlaw-6680	126	3	’	’	PART
taxlaw-6680	126	4	payoffs	payoff	NOUN
taxlaw-6680	126	5	will	will	AUX
taxlaw-6680	126	6	be	be	AUX
taxlaw-6680	126	7	as	as	SCONJ
taxlaw-6680	126	8	follows	follow	VERB
taxlaw-6680	126	9	:	:	PUNCT
taxlaw-6680	126	10	party	party	NOUN
taxlaw-6680	126	11	payoff	payoff	NOUN
taxlaw-6680	126	12	debt	debt	NOUN
taxlaw-6680	126	13	form	form	NOUN
taxlaw-6680	126	14	equity	equity	NOUN
taxlaw-6680	126	15	form	form	NOUN
taxlaw-6680	126	16	a	a	DET
taxlaw-6680	126	17	$	$	SYM
taxlaw-6680	126	18	12x	12x	NUM
taxlaw-6680	126	19	$	$	SYM
taxlaw-6680	126	20	10.20x	10.20x	NUM
taxlaw-6680	126	21	b	b	NUM
taxlaw-6680	126	22	5x	5x	NUM
taxlaw-6680	126	23	5x	5x	NUM
taxlaw-6680	126	24	c	c	NOUN
taxlaw-6680	126	25	5	5	NUM
taxlaw-6680	126	26	x	x	SYM
taxlaw-6680	126	27	5x	5x	NUM
taxlaw-6680	126	28	total	total	NOUN
taxlaw-6680	126	29	for	for	ADP
taxlaw-6680	126	30	private	private	ADJ
taxlaw-6680	126	31	parties	party	NOUN
taxlaw-6680	126	32	$	$	SYM
taxlaw-6680	126	33	22x	22x	NOUN
taxlaw-6680	126	34	$	$	SYM
taxlaw-6680	126	35	20.20x	20.20x	NUM
taxlaw-6680	126	36	u.s	u.s	PROPN
taxlaw-6680	126	37	.	.	PROPN
taxlaw-6680	126	38	government	government	NOUN
taxlaw-6680	126	39	$	$	SYM
taxlaw-6680	126	40	8x	8x	PROPN
taxlaw-6680	126	41	$	$	SYM
taxlaw-6680	126	42	6.80x	6.80x	NUM
taxlaw-6680	126	43	total	total	NOUN
taxlaw-6680	126	44	for	for	ADP
taxlaw-6680	126	45	all	all	DET
taxlaw-6680	126	46	parties	party	NOUN
taxlaw-6680	126	47	$	$	SYM
taxlaw-6680	126	48	30x	30x	NUM
taxlaw-6680	126	49	$	$	SYM
taxlaw-6680	126	50	27x	27x	NOUN
taxlaw-6680	126	51	the	the	DET
taxlaw-6680	126	52	table	table	NOUN
taxlaw-6680	126	53	above	above	ADV
taxlaw-6680	126	54	shows	show	VERB
taxlaw-6680	126	55	three	three	NUM
taxlaw-6680	126	56	things	thing	NOUN
taxlaw-6680	126	57	.	.	PUNCT
taxlaw-6680	127	1	first	first	ADV
taxlaw-6680	127	2	,	,	PUNCT
taxlaw-6680	127	3	the	the	DET
taxlaw-6680	127	4	u.s	u.s	PROPN
taxlaw-6680	127	5	.	.	PROPN
taxlaw-6680	127	6	government	government	NOUN
taxlaw-6680	127	7	and	and	CCONJ
taxlaw-6680	127	8	private	private	ADJ
taxlaw-6680	127	9	parties	party	NOUN
taxlaw-6680	127	10	now	now	ADV
taxlaw-6680	127	11	share	share	VERB
taxlaw-6680	127	12	the	the	DET
taxlaw-6680	127	13	$	$	SYM
taxlaw-6680	127	14	3x	3x	NOUN
taxlaw-6680	127	15	efficiency	efficiency	NOUN
taxlaw-6680	127	16	cost	cost	NOUN
taxlaw-6680	127	17	under	under	ADP
taxlaw-6680	127	18	the	the	DET
taxlaw-6680	127	19	equity	equity	NOUN
taxlaw-6680	127	20	form	form	NOUN
taxlaw-6680	127	21	of	of	ADP
taxlaw-6680	127	22	transaction	transaction	NOUN
taxlaw-6680	127	23	in	in	ADP
taxlaw-6680	127	24	proportion	proportion	NOUN
taxlaw-6680	127	25	to	to	ADP
taxlaw-6680	127	26	a	a	DET
taxlaw-6680	127	27	’s	’s	NOUN
taxlaw-6680	127	28	tax	tax	NOUN
taxlaw-6680	127	29	rate	rate	NOUN
taxlaw-6680	127	30	,	,	PUNCT
taxlaw-6680	127	31	or	or	CCONJ
taxlaw-6680	127	32	40/60	40/60	NUM
taxlaw-6680	127	33	(	(	PUNCT
taxlaw-6680	127	34	u.s	u.s	PROPN
taxlaw-6680	127	35	.	.	PROPN
taxlaw-6680	127	36	government	government	NOUN
taxlaw-6680	127	37	:	:	PUNCT
taxlaw-6680	127	38	$	$	SYM
taxlaw-6680	127	39	1.2x	1.2x	NUM
taxlaw-6680	127	40	,	,	PUNCT
taxlaw-6680	127	41	a	a	PRON
taxlaw-6680	127	42	:	:	PUNCT
taxlaw-6680	127	43	$	$	SYM
taxlaw-6680	127	44	1.8x	1.8x	NOUN
taxlaw-6680	127	45	)	)	PUNCT
taxlaw-6680	127	46	.	.	PUNCT
taxlaw-6680	128	1	in	in	ADP
taxlaw-6680	128	2	other	other	ADJ
taxlaw-6680	128	3	words	word	NOUN
taxlaw-6680	128	4	,	,	PUNCT
taxlaw-6680	128	5	the	the	DET
taxlaw-6680	128	6	u.s	u.s	PROPN
taxlaw-6680	128	7	.	.	PROPN
taxlaw-6680	128	8	government	government	NOUN
taxlaw-6680	128	9	now	now	ADV
taxlaw-6680	128	10	only	only	ADV
taxlaw-6680	128	11	provides	provide	VERB
taxlaw-6680	128	12	an	an	DET
taxlaw-6680	128	13	implied	imply	VERB
taxlaw-6680	128	14	deduction	deduction	NOUN
taxlaw-6680	128	15	of	of	ADP
taxlaw-6680	128	16	$	$	SYM
taxlaw-6680	128	17	3x	3x	NUM
taxlaw-6680	128	18	for	for	ADP
taxlaw-6680	128	19	the	the	DET
taxlaw-6680	128	20	efficiency	efficiency	NOUN
taxlaw-6680	128	21	cost	cost	NOUN
taxlaw-6680	128	22	,	,	PUNCT
taxlaw-6680	128	23	by	by	ADP
taxlaw-6680	128	24	not	not	PART
taxlaw-6680	128	25	taxing	tax	VERB
taxlaw-6680	128	26	the	the	DET
taxlaw-6680	128	27	$	$	SYM
taxlaw-6680	128	28	3x	3x	NUM
taxlaw-6680	128	29	as	as	ADP
taxlaw-6680	128	30	imputed	impute	VERB
taxlaw-6680	128	31	income	income	NOUN
taxlaw-6680	128	32	.	.	PUNCT
taxlaw-6680	129	1	as	as	ADP
taxlaw-6680	129	2	a	a	DET
taxlaw-6680	129	3	result	result	NOUN
taxlaw-6680	129	4	,	,	PUNCT
taxlaw-6680	129	5	the	the	DET
taxlaw-6680	129	6	$	$	SYM
taxlaw-6680	129	7	8x	8x	NOUN
taxlaw-6680	129	8	unintended	unintended	ADJ
taxlaw-6680	129	9	subsidy	subsidy	NOUN
taxlaw-6680	129	10	in	in	ADP
taxlaw-6680	129	11	terms	term	NOUN
taxlaw-6680	129	12	of	of	ADP
taxlaw-6680	129	13	an	an	DET
taxlaw-6680	129	14	implied	imply	VERB
taxlaw-6680	129	15	tax	tax	NOUN
taxlaw-6680	129	16	credit	credit	NOUN
taxlaw-6680	129	17	is	be	AUX
taxlaw-6680	129	18	fully	fully	ADV
taxlaw-6680	129	19	eliminated	eliminate	VERB
taxlaw-6680	129	20	.	.	PUNCT
taxlaw-6680	130	1	second	second	ADV
taxlaw-6680	130	2	,	,	PUNCT
taxlaw-6680	130	3	the	the	DET
taxlaw-6680	130	4	new	new	ADJ
taxlaw-6680	130	5	tax	tax	NOUN
taxlaw-6680	130	6	policy	policy	NOUN
taxlaw-6680	130	7	is	be	AUX
taxlaw-6680	130	8	non	non	ADJ
taxlaw-6680	130	9	-	-	ADJ
taxlaw-6680	130	10	arbitrary	arbitrary	ADJ
taxlaw-6680	130	11	because	because	SCONJ
taxlaw-6680	130	12	it	it	PRON
taxlaw-6680	130	13	’s	’	VERB
taxlaw-6680	130	14	no	no	ADV
taxlaw-6680	130	15	longer	long	ADV
taxlaw-6680	130	16	possible	possible	ADJ
taxlaw-6680	130	17	for	for	SCONJ
taxlaw-6680	130	18	private	private	ADJ
taxlaw-6680	130	19	parties	party	NOUN
taxlaw-6680	130	20	to	to	PART
taxlaw-6680	130	21	pursue	pursue	VERB
taxlaw-6680	130	22	a	a	DET
taxlaw-6680	130	23	higher	high	ADJ
taxlaw-6680	130	24	after	after	ADP
taxlaw-6680	130	25	-	-	PUNCT
taxlaw-6680	130	26	tax	tax	NOUN
taxlaw-6680	130	27	payoff	payoff	NOUN
taxlaw-6680	130	28	given	give	VERB
taxlaw-6680	130	29	the	the	DET
taxlaw-6680	130	30	same	same	ADJ
taxlaw-6680	130	31	or	or	CCONJ
taxlaw-6680	130	32	even	even	ADV
taxlaw-6680	130	33	lower	low	ADJ
taxlaw-6680	130	34	pre	pre	ADJ
taxlaw-6680	130	35	-	-	ADJ
taxlaw-6680	130	36	tax	tax	ADJ
taxlaw-6680	130	37	payoff	payoff	NOUN
taxlaw-6680	130	38	.	.	PUNCT
taxlaw-6680	131	1	at	at	ADP
taxlaw-6680	131	2	the	the	DET
taxlaw-6680	131	3	partnership	partnership	NOUN
taxlaw-6680	131	4	level	level	NOUN
taxlaw-6680	131	5	,	,	PUNCT
taxlaw-6680	131	6	the	the	DET
taxlaw-6680	131	7	$	$	SYM
taxlaw-6680	131	8	3x	3x	NOUN
taxlaw-6680	131	9	efficiency	efficiency	NOUN
taxlaw-6680	131	10	cost	cost	NOUN
taxlaw-6680	131	11	can	can	AUX
taxlaw-6680	131	12	only	only	ADV
taxlaw-6680	131	13	generate	generate	VERB
taxlaw-6680	131	14	$	$	SYM
taxlaw-6680	131	15	1.2x	1.2x	NUM
taxlaw-6680	131	16	in	in	ADP
taxlaw-6680	131	17	tax	tax	NOUN
taxlaw-6680	131	18	savings	saving	NOUN
taxlaw-6680	131	19	.	.	PUNCT
taxlaw-6680	132	1	thus	thus	ADV
taxlaw-6680	132	2	,	,	PUNCT
taxlaw-6680	132	3	the	the	DET
taxlaw-6680	132	4	partnership	partnership	NOUN
taxlaw-6680	132	5	is	be	AUX
taxlaw-6680	132	6	better	well	ADJ
taxlaw-6680	132	7	off	off	ADP
taxlaw-6680	132	8	avoiding	avoid	VERB
taxlaw-6680	132	9	the	the	DET
taxlaw-6680	132	10	efficiency	efficiency	NOUN
taxlaw-6680	132	11	cost	cost	NOUN
taxlaw-6680	132	12	.	.	PUNCT
taxlaw-6680	133	1	at	at	ADP
taxlaw-6680	133	2	the	the	DET
taxlaw-6680	133	3	partner	partner	NOUN
taxlaw-6680	133	4	level	level	NOUN
taxlaw-6680	133	5	,	,	PUNCT
taxlaw-6680	133	6	for	for	SCONJ
taxlaw-6680	133	7	each	each	DET
taxlaw-6680	133	8	dollar	dollar	NOUN
taxlaw-6680	133	9	shifted	shift	VERB
taxlaw-6680	133	10	from	from	ADP
taxlaw-6680	133	11	a	a	DET
taxlaw-6680	133	12	to	to	ADP
taxlaw-6680	133	13	b	b	NOUN
taxlaw-6680	133	14	or	or	CCONJ
taxlaw-6680	133	15	c	c	NOUN
taxlaw-6680	133	16	,	,	PUNCT
taxlaw-6680	133	17	a	a	PRON
taxlaw-6680	133	18	loses	lose	VERB
taxlaw-6680	133	19	a	a	DET
taxlaw-6680	133	20	dollar	dollar	NOUN
taxlaw-6680	133	21	but	but	CCONJ
taxlaw-6680	133	22	only	only	ADV
taxlaw-6680	133	23	receives	receive	VERB
taxlaw-6680	133	24	$	$	SYM
taxlaw-6680	133	25	0.4x	0.4x	NOUN
taxlaw-6680	133	26	in	in	ADP
taxlaw-6680	133	27	tax	tax	NOUN
taxlaw-6680	133	28	savings	saving	NOUN
taxlaw-6680	133	29	.	.	PUNCT
taxlaw-6680	133	30	,	,	PUNCT
taxlaw-6680	133	31	and	and	CCONJ
taxlaw-6680	133	32	therefore	therefore	ADV
taxlaw-6680	133	33	14	14	NUM
taxlaw-6680	133	34	another	another	DET
taxlaw-6680	133	35	way	way	NOUN
taxlaw-6680	133	36	to	to	PART
taxlaw-6680	133	37	describe	describe	VERB
taxlaw-6680	133	38	this	this	DET
taxlaw-6680	133	39	tax	tax	NOUN
taxlaw-6680	133	40	policy	policy	NOUN
taxlaw-6680	133	41	of	of	ADP
taxlaw-6680	133	42	allowing	allow	VERB
taxlaw-6680	133	43	unlimited	unlimited	ADJ
taxlaw-6680	133	44	allocations	allocation	NOUN
taxlaw-6680	133	45	of	of	ADP
taxlaw-6680	133	46	partnership	partnership	NOUN
taxlaw-6680	133	47	items	item	NOUN
taxlaw-6680	133	48	solely	solely	ADV
taxlaw-6680	133	49	for	for	ADP
taxlaw-6680	133	50	tax	tax	NOUN
taxlaw-6680	133	51	purposes	purpose	NOUN
taxlaw-6680	133	52	is	be	AUX
taxlaw-6680	133	53	that	that	SCONJ
taxlaw-6680	133	54	it	it	PRON
taxlaw-6680	133	55	is	be	AUX
taxlaw-6680	133	56	not	not	PART
taxlaw-6680	133	57	“	"	PUNCT
taxlaw-6680	133	58	neutral	neutral	ADJ
taxlaw-6680	133	59	.	.	PUNCT
taxlaw-6680	133	60	”	"	PUNCT
taxlaw-6680	134	1	a	a	DET
taxlaw-6680	134	2	neutral	neutral	ADJ
taxlaw-6680	134	3	tax	tax	NOUN
taxlaw-6680	134	4	policy	policy	NOUN
taxlaw-6680	134	5	should	should	AUX
taxlaw-6680	134	6	stay	stay	VERB
taxlaw-6680	134	7	in	in	ADP
taxlaw-6680	134	8	the	the	DET
taxlaw-6680	134	9	background	background	NOUN
taxlaw-6680	134	10	and	and	CCONJ
taxlaw-6680	134	11	allow	allow	VERB
taxlaw-6680	134	12	non	non	ADJ
taxlaw-6680	134	13	-	-	ADJ
taxlaw-6680	134	14	tax	tax	ADJ
taxlaw-6680	134	15	market	market	NOUN
taxlaw-6680	134	16	forces	force	NOUN
taxlaw-6680	134	17	to	to	PART
taxlaw-6680	134	18	govern	govern	VERB
taxlaw-6680	134	19	a	a	DET
taxlaw-6680	134	20	transaction	transaction	NOUN
taxlaw-6680	134	21	.	.	PUNCT
taxlaw-6680	135	1	see	see	VERB
taxlaw-6680	135	2	richard	richard	PROPN
taxlaw-6680	135	3	l.	l.	PROPN
taxlaw-6680	135	4	doernberg	doernberg	PROPN
taxlaw-6680	135	5	,	,	PUNCT
taxlaw-6680	135	6	international	international	ADJ
taxlaw-6680	135	7	taxation	taxation	NOUN
taxlaw-6680	135	8	in	in	ADP
taxlaw-6680	135	9	a	a	DET
taxlaw-6680	135	10	nutshell§	nutshell§	PROPN
taxlaw-6680	135	11	1.04(9th	1.04(9th	NUM
taxlaw-6680	135	12	ed	ed	NOUN
taxlaw-6680	135	13	.	.	NOUN
taxlaw-6680	135	14	2012	2012	NUM
taxlaw-6680	135	15	)	)	PUNCT
taxlaw-6680	135	16	(	(	PUNCT
taxlaw-6680	135	17	stating	state	VERB
taxlaw-6680	135	18	that	that	SCONJ
taxlaw-6680	135	19	the	the	DET
taxlaw-6680	135	20	goal	goal	NOUN
taxlaw-6680	135	21	of	of	ADP
taxlaw-6680	135	22	a	a	DET
taxlaw-6680	135	23	tax	tax	NOUN
taxlaw-6680	135	24	system	system	NOUN
taxlaw-6680	135	25	in	in	ADP
taxlaw-6680	135	26	general	general	ADJ
taxlaw-6680	135	27	is	be	AUX
taxlaw-6680	135	28	“	"	PUNCT
taxlaw-6680	135	29	the	the	DET
taxlaw-6680	135	30	implementation	implementation	NOUN
taxlaw-6680	135	31	of	of	ADP
taxlaw-6680	135	32	a	a	DET
taxlaw-6680	135	33	tax	tax	NOUN
taxlaw-6680	135	34	-	-	PUNCT
taxlaw-6680	135	35	neutral	neutral	ADJ
taxlaw-6680	135	36	set	set	NOUN
taxlaw-6680	135	37	of	of	ADP
taxlaw-6680	135	38	rules	rule	NOUN
taxlaw-6680	135	39	that	that	SCONJ
taxlaw-6680	135	40	neither	neither	CCONJ
taxlaw-6680	135	41	discourage	discourage	VERB
taxlaw-6680	135	42	nor	nor	CCONJ
taxlaw-6680	135	43	encourage	encourage	VERB
taxlaw-6680	135	44	particular	particular	ADJ
taxlaw-6680	135	45	activities	activity	NOUN
taxlaw-6680	135	46	.	.	PUNCT
taxlaw-6680	135	47	”	"	PUNCT
taxlaw-6680	135	48	)	)	PUNCT
taxlaw-6680	135	49	.	.	PUNCT
taxlaw-6680	136	1	15	15	NUM
taxlaw-6680	136	2	see	see	VERB
taxlaw-6680	136	3	part	part	NOUN
taxlaw-6680	136	4	ii.c	ii.c	NOUN
taxlaw-6680	136	5	,	,	PUNCT
taxlaw-6680	136	6	infra	infra	NOUN
taxlaw-6680	136	7	.	.	PUNCT
taxlaw-6680	137	1	16	16	NUM
taxlaw-6680	137	2	see	see	VERB
taxlaw-6680	137	3	supra	supra	PROPN
taxlaw-6680	137	4	note5	note5	PROPN
taxlaw-6680	137	5	.	.	PUNCT
taxlaw-6680	138	1	[	[	X
taxlaw-6680	138	2	vol	vol	NOUN
taxlaw-6680	138	3	.	.	PUNCT
taxlaw-6680	138	4	11:1	11:1	NUM
taxlaw-6680	138	5	columbia	columbia	PROPN
taxlaw-6680	138	6	journal	journal	PROPN
taxlaw-6680	138	7	of	of	ADP
taxlaw-6680	138	8	tax	tax	NOUN
taxlaw-6680	138	9	law	law	NOUN
taxlaw-6680	138	10	110	110	NUM
taxlaw-6680	138	11	a	a	PRON
taxlaw-6680	138	12	too	too	ADV
taxlaw-6680	138	13	is	be	AUX
taxlaw-6680	138	14	better	well	ADJ
taxlaw-6680	138	15	off	off	ADP
taxlaw-6680	138	16	without	without	ADP
taxlaw-6680	138	17	shifting	shift	VERB
taxlaw-6680	138	18	the	the	DET
taxlaw-6680	138	19	income	income	NOUN
taxlaw-6680	138	20	.	.	PUNCT
taxlaw-6680	139	1	third	third	ADJ
taxlaw-6680	139	2	,	,	PUNCT
taxlaw-6680	139	3	a	a	PRON
taxlaw-6680	139	4	will	will	AUX
taxlaw-6680	139	5	now	now	ADV
taxlaw-6680	139	6	have	have	VERB
taxlaw-6680	139	7	an	an	DET
taxlaw-6680	139	8	incentive	incentive	NOUN
taxlaw-6680	139	9	to	to	PART
taxlaw-6680	139	10	maximize	maximize	VERB
taxlaw-6680	139	11	the	the	DET
taxlaw-6680	139	12	pre	pre	ADJ
taxlaw-6680	139	13	-	-	ADJ
taxlaw-6680	139	14	tax	tax	ADJ
taxlaw-6680	139	15	payoff	payoff	NOUN
taxlaw-6680	139	16	from	from	ADP
taxlaw-6680	139	17	the	the	DET
taxlaw-6680	139	18	business	business	NOUN
taxlaw-6680	139	19	,	,	PUNCT
taxlaw-6680	139	20	which	which	PRON
taxlaw-6680	139	21	leads	lead	VERB
taxlaw-6680	139	22	to	to	ADP
taxlaw-6680	139	23	a	a	DET
taxlaw-6680	139	24	socially	socially	ADV
taxlaw-6680	139	25	beneficial	beneficial	ADJ
taxlaw-6680	139	26	result	result	NOUN
taxlaw-6680	139	27	.	.	PUNCT
taxlaw-6680	140	1	c.	c.	NOUN
taxlaw-6680	140	2	the	the	DET
taxlaw-6680	140	3	orrisch	orrisch	PROPN
taxlaw-6680	140	4	case	case	NOUN
taxlaw-6680	140	5	and	and	CCONJ
taxlaw-6680	140	6	the	the	DET
taxlaw-6680	140	7	problem	problem	NOUN
taxlaw-6680	140	8	of	of	ADP
taxlaw-6680	140	9	capital	capital	NOUN
taxlaw-6680	140	10	market	market	NOUN
taxlaw-6680	140	11	failure	failure	NOUN
taxlaw-6680	140	12	to	to	PART
taxlaw-6680	140	13	visualize	visualize	VERB
taxlaw-6680	140	14	how	how	SCONJ
taxlaw-6680	140	15	an	an	DET
taxlaw-6680	140	16	arbitrary	arbitrary	ADJ
taxlaw-6680	140	17	tax	tax	NOUN
taxlaw-6680	140	18	liability	liability	NOUN
taxlaw-6680	140	19	may	may	AUX
taxlaw-6680	140	20	squeeze	squeeze	VERB
taxlaw-6680	140	21	out	out	ADP
taxlaw-6680	140	22	efficient	efficient	ADJ
taxlaw-6680	140	23	businesses	business	NOUN
taxlaw-6680	140	24	by	by	ADP
taxlaw-6680	140	25	disturbing	disturb	VERB
taxlaw-6680	140	26	normal	normal	ADJ
taxlaw-6680	140	27	market	market	NOUN
taxlaw-6680	140	28	forces	force	NOUN
taxlaw-6680	140	29	in	in	ADP
taxlaw-6680	140	30	capital	capital	NOUN
taxlaw-6680	140	31	markets	market	NOUN
taxlaw-6680	140	32	and	and	CCONJ
taxlaw-6680	140	33	how	how	SCONJ
taxlaw-6680	140	34	it	it	PRON
taxlaw-6680	140	35	exacerbates	exacerbate	VERB
taxlaw-6680	140	36	the	the	DET
taxlaw-6680	140	37	tax	tax	NOUN
taxlaw-6680	140	38	shelter	shelter	NOUN
taxlaw-6680	140	39	effect	effect	NOUN
taxlaw-6680	140	40	of	of	ADP
taxlaw-6680	140	41	accelerated	accelerated	ADJ
taxlaw-6680	140	42	depreciation	depreciation	NOUN
taxlaw-6680	140	43	,	,	PUNCT
taxlaw-6680	140	44	consider	consider	VERB
taxlaw-6680	140	45	an	an	DET
taxlaw-6680	140	46	early	early	ADJ
taxlaw-6680	140	47	case	case	NOUN
taxlaw-6680	140	48	on	on	ADP
taxlaw-6680	140	49	the	the	DET
taxlaw-6680	140	50	see	see	ADJ
taxlaw-6680	140	51	safe	safe	ADJ
taxlaw-6680	140	52	harbor	harbor	NOUN
taxlaw-6680	140	53	,	,	PUNCT
taxlaw-6680	140	54	orrisch	orrisch	PROPN
taxlaw-6680	140	55	v.	v.	ADP
taxlaw-6680	140	56	commissioner.17	commissioner.17	PROPN
taxlaw-6680	140	57	the	the	DET
taxlaw-6680	140	58	orrischs	orrisch	NOUN
taxlaw-6680	140	59	and	and	CCONJ
taxlaw-6680	140	60	the	the	DET
taxlaw-6680	140	61	crisafises	crisafise	NOUN
taxlaw-6680	140	62	formed	form	VERB
taxlaw-6680	140	63	a	a	DET
taxlaw-6680	140	64	partnership	partnership	NOUN
taxlaw-6680	140	65	to	to	PART
taxlaw-6680	140	66	purchase	purchase	VERB
taxlaw-6680	140	67	and	and	CCONJ
taxlaw-6680	140	68	operate	operate	VERB
taxlaw-6680	140	69	two	two	NUM
taxlaw-6680	140	70	apartment	apartment	NOUN
taxlaw-6680	140	71	houses	house	NOUN
taxlaw-6680	140	72	.	.	PUNCT
taxlaw-6680	141	1	to	to	PART
taxlaw-6680	141	2	better	well	ADV
taxlaw-6680	141	3	utilize	utilize	VERB
taxlaw-6680	141	4	the	the	DET
taxlaw-6680	141	5	accelerated	accelerated	ADJ
taxlaw-6680	141	6	150	150	NUM
taxlaw-6680	141	7	%	%	NOUN
taxlaw-6680	141	8	of	of	ADP
taxlaw-6680	141	9	straight	straight	ADJ
taxlaw-6680	141	10	-	-	PUNCT
taxlaw-6680	141	11	line	line	NOUN
taxlaw-6680	141	12	depreciation	depreciation	NOUN
taxlaw-6680	141	13	,	,	PUNCT
taxlaw-6680	141	14	the	the	DET
taxlaw-6680	141	15	parties	party	NOUN
taxlaw-6680	141	16	agreed	agree	VERB
taxlaw-6680	141	17	to	to	PART
taxlaw-6680	141	18	allocate	allocate	VERB
taxlaw-6680	141	19	all	all	DET
taxlaw-6680	141	20	depreciation	depreciation	NOUN
taxlaw-6680	141	21	to	to	ADP
taxlaw-6680	141	22	the	the	DET
taxlaw-6680	141	23	orrischs	orrisch	NOUN
taxlaw-6680	141	24	(	(	PUNCT
taxlaw-6680	141	25	for	for	ADP
taxlaw-6680	141	26	both	both	CCONJ
taxlaw-6680	141	27	tax	tax	NOUN
taxlaw-6680	141	28	and	and	CCONJ
taxlaw-6680	141	29	book	book	NOUN
taxlaw-6680	141	30	purposes	purpose	NOUN
taxlaw-6680	141	31	)	)	PUNCT
taxlaw-6680	141	32	to	to	PART
taxlaw-6680	141	33	shelter	shelter	VERB
taxlaw-6680	141	34	their	their	PRON
taxlaw-6680	141	35	substantial	substantial	ADJ
taxlaw-6680	141	36	income	income	NOUN
taxlaw-6680	141	37	from	from	ADP
taxlaw-6680	141	38	unrelated	unrelated	ADJ
taxlaw-6680	141	39	sources	source	NOUN
taxlaw-6680	141	40	.	.	PUNCT
taxlaw-6680	142	1	the	the	DET
taxlaw-6680	142	2	parties	party	NOUN
taxlaw-6680	142	3	combined	combine	VERB
taxlaw-6680	142	4	this	this	PRON
taxlaw-6680	142	5	with	with	ADP
taxlaw-6680	142	6	a	a	DET
taxlaw-6680	142	7	special	special	ADJ
taxlaw-6680	142	8	allocation	allocation	NOUN
taxlaw-6680	142	9	(	(	PUNCT
taxlaw-6680	142	10	for	for	ADP
taxlaw-6680	142	11	both	both	CCONJ
taxlaw-6680	142	12	tax	tax	NOUN
taxlaw-6680	142	13	and	and	CCONJ
taxlaw-6680	142	14	book	book	NOUN
taxlaw-6680	142	15	purposes	purpose	NOUN
taxlaw-6680	142	16	)	)	PUNCT
taxlaw-6680	142	17	of	of	ADP
taxlaw-6680	142	18	gain	gain	NOUN
taxlaw-6680	142	19	on	on	ADP
taxlaw-6680	142	20	sale	sale	NOUN
taxlaw-6680	142	21	of	of	ADP
taxlaw-6680	142	22	the	the	DET
taxlaw-6680	142	23	depreciated	depreciate	VERB
taxlaw-6680	142	24	properties	property	NOUN
taxlaw-6680	142	25	in	in	ADP
taxlaw-6680	142	26	the	the	DET
taxlaw-6680	142	27	future	future	NOUN
taxlaw-6680	142	28	to	to	ADP
taxlaw-6680	142	29	the	the	DET
taxlaw-6680	142	30	orrischs	orrisch	NOUN
taxlaw-6680	142	31	to	to	ADP
taxlaw-6680	142	32	the	the	DET
taxlaw-6680	142	33	extent	extent	NOUN
taxlaw-6680	142	34	of	of	ADP
taxlaw-6680	142	35	their	their	PRON
taxlaw-6680	142	36	previously	previously	ADV
taxlaw-6680	142	37	allocated	allocate	VERB
taxlaw-6680	142	38	depreciation	depreciation	NOUN
taxlaw-6680	142	39	.	.	PUNCT
taxlaw-6680	143	1	they	they	PRON
taxlaw-6680	143	2	shared	share	VERB
taxlaw-6680	143	3	all	all	DET
taxlaw-6680	143	4	other	other	ADJ
taxlaw-6680	143	5	partnership	partnership	NOUN
taxlaw-6680	143	6	items	item	NOUN
taxlaw-6680	143	7	50/50	50/50	NUM
taxlaw-6680	143	8	.	.	PUNCT
taxlaw-6680	144	1	on	on	ADP
taxlaw-6680	144	2	the	the	DET
taxlaw-6680	144	3	surface	surface	NOUN
taxlaw-6680	144	4	,	,	PUNCT
taxlaw-6680	144	5	it	it	PRON
taxlaw-6680	144	6	was	be	AUX
taxlaw-6680	144	7	not	not	PART
taxlaw-6680	144	8	possible	possible	ADJ
taxlaw-6680	144	9	for	for	SCONJ
taxlaw-6680	144	10	the	the	DET
taxlaw-6680	144	11	orrischs	orrisch	NOUN
taxlaw-6680	144	12	to	to	PART
taxlaw-6680	144	13	increase	increase	VERB
taxlaw-6680	144	14	their	their	PRON
taxlaw-6680	144	15	after	after	ADP
taxlaw-6680	144	16	-	-	PUNCT
taxlaw-6680	144	17	tax	tax	NOUN
taxlaw-6680	144	18	payoff	payoff	NOUN
taxlaw-6680	144	19	without	without	ADP
taxlaw-6680	144	20	increasing	increase	VERB
taxlaw-6680	144	21	their	their	PRON
taxlaw-6680	144	22	pre	pre	ADJ
taxlaw-6680	144	23	-	-	ADJ
taxlaw-6680	144	24	tax	tax	ADJ
taxlaw-6680	144	25	payoff	payoff	NOUN
taxlaw-6680	144	26	since	since	SCONJ
taxlaw-6680	144	27	they	they	PRON
taxlaw-6680	144	28	would	would	AUX
taxlaw-6680	144	29	lose	lose	VERB
taxlaw-6680	144	30	their	their	PRON
taxlaw-6680	144	31	entitlement	entitlement	NOUN
taxlaw-6680	144	32	in	in	ADP
taxlaw-6680	144	33	liquidation	liquidation	NOUN
taxlaw-6680	144	34	as	as	SCONJ
taxlaw-6680	144	35	they	they	PRON
taxlaw-6680	144	36	deduct	deduct	VERB
taxlaw-6680	144	37	additional	additional	ADJ
taxlaw-6680	144	38	depreciation	depreciation	NOUN
taxlaw-6680	144	39	.	.	PUNCT
taxlaw-6680	145	1	however	however	ADV
taxlaw-6680	145	2	,	,	PUNCT
taxlaw-6680	145	3	as	as	SCONJ
taxlaw-6680	145	4	the	the	DET
taxlaw-6680	145	5	court	court	NOUN
taxlaw-6680	145	6	correctly	correctly	ADV
taxlaw-6680	145	7	observed	observe	VERB
taxlaw-6680	145	8	,	,	PUNCT
taxlaw-6680	145	9	the	the	DET
taxlaw-6680	145	10	orrischs	orrischs	NOUN
taxlaw-6680	145	11	would	would	AUX
taxlaw-6680	145	12	eventually	eventually	ADV
taxlaw-6680	145	13	be	be	AUX
taxlaw-6680	145	14	compensated	compensate	VERB
taxlaw-6680	145	15	for	for	ADP
taxlaw-6680	145	16	such	such	ADJ
taxlaw-6680	145	17	loss	loss	NOUN
taxlaw-6680	145	18	by	by	ADP
taxlaw-6680	145	19	the	the	DET
taxlaw-6680	145	20	special	special	ADJ
taxlaw-6680	145	21	allocation	allocation	NOUN
taxlaw-6680	145	22	of	of	ADP
taxlaw-6680	145	23	gain	gain	NOUN
taxlaw-6680	145	24	on	on	ADP
taxlaw-6680	145	25	the	the	DET
taxlaw-6680	145	26	sale	sale	NOUN
taxlaw-6680	145	27	of	of	ADP
taxlaw-6680	145	28	the	the	DET
taxlaw-6680	145	29	depreciated	depreciate	VERB
taxlaw-6680	145	30	properties	property	NOUN
taxlaw-6680	145	31	.	.	PUNCT
taxlaw-6680	146	1	assuming	assume	VERB
taxlaw-6680	146	2	that	that	SCONJ
taxlaw-6680	146	3	such	such	ADJ
taxlaw-6680	146	4	properties	property	NOUN
taxlaw-6680	146	5	preserve	preserve	VERB
taxlaw-6680	146	6	their	their	PRON
taxlaw-6680	146	7	value	value	NOUN
taxlaw-6680	146	8	,	,	PUNCT
taxlaw-6680	146	9	the	the	DET
taxlaw-6680	146	10	orrischs	orrisch	NOUN
taxlaw-6680	146	11	would	would	AUX
taxlaw-6680	146	12	be	be	AUX
taxlaw-6680	146	13	fully	fully	ADV
taxlaw-6680	146	14	restored	restore	VERB
taxlaw-6680	146	15	to	to	ADP
taxlaw-6680	146	16	their	their	PRON
taxlaw-6680	146	17	original	original	ADJ
taxlaw-6680	146	18	economic	economic	ADJ
taxlaw-6680	146	19	position	position	NOUN
taxlaw-6680	146	20	as	as	SCONJ
taxlaw-6680	146	21	if	if	SCONJ
taxlaw-6680	146	22	no	no	DET
taxlaw-6680	146	23	special	special	ADJ
taxlaw-6680	146	24	allocation	allocation	NOUN
taxlaw-6680	146	25	had	have	AUX
taxlaw-6680	146	26	ever	ever	ADV
taxlaw-6680	146	27	been	be	AUX
taxlaw-6680	146	28	made	make	VERB
taxlaw-6680	146	29	.	.	PUNCT
taxlaw-6680	147	1	of	of	ADP
taxlaw-6680	147	2	course	course	NOUN
taxlaw-6680	147	3	,	,	PUNCT
taxlaw-6680	147	4	the	the	DET
taxlaw-6680	147	5	orrischs	orrisch	NOUN
taxlaw-6680	147	6	assumed	assume	VERB
taxlaw-6680	147	7	the	the	DET
taxlaw-6680	147	8	risk	risk	NOUN
taxlaw-6680	147	9	that	that	SCONJ
taxlaw-6680	147	10	the	the	DET
taxlaw-6680	147	11	partnership	partnership	NOUN
taxlaw-6680	147	12	properties	property	NOUN
taxlaw-6680	147	13	may	may	AUX
taxlaw-6680	147	14	lose	lose	VERB
taxlaw-6680	147	15	value	value	NOUN
taxlaw-6680	147	16	.	.	PUNCT
taxlaw-6680	148	1	but	but	CCONJ
taxlaw-6680	148	2	the	the	DET
taxlaw-6680	148	3	facts	fact	NOUN
taxlaw-6680	148	4	and	and	CCONJ
taxlaw-6680	148	5	circumstances	circumstance	NOUN
taxlaw-6680	148	6	indicated	indicate	VERB
taxlaw-6680	148	7	that	that	SCONJ
taxlaw-6680	148	8	they	they	PRON
taxlaw-6680	148	9	would	would	AUX
taxlaw-6680	148	10	not	not	PART
taxlaw-6680	148	11	have	have	AUX
taxlaw-6680	148	12	agreed	agree	VERB
taxlaw-6680	148	13	to	to	ADP
taxlaw-6680	148	14	the	the	DET
taxlaw-6680	148	15	special	special	ADJ
taxlaw-6680	148	16	allocation	allocation	NOUN
taxlaw-6680	148	17	unless	unless	SCONJ
taxlaw-6680	148	18	they	they	PRON
taxlaw-6680	148	19	believed	believe	VERB
taxlaw-6680	148	20	that	that	SCONJ
taxlaw-6680	148	21	the	the	DET
taxlaw-6680	148	22	present	present	ADJ
taxlaw-6680	148	23	value	value	NOUN
taxlaw-6680	148	24	of	of	ADP
taxlaw-6680	148	25	expected	expect	VERB
taxlaw-6680	148	26	net	net	ADJ
taxlaw-6680	148	27	tax	tax	NOUN
taxlaw-6680	148	28	savings	saving	NOUN
taxlaw-6680	148	29	outweighed	outweigh	VERB
taxlaw-6680	148	30	the	the	DET
taxlaw-6680	148	31	present	present	ADJ
taxlaw-6680	148	32	value	value	NOUN
taxlaw-6680	148	33	of	of	ADP
taxlaw-6680	148	34	loss	loss	NOUN
taxlaw-6680	148	35	from	from	ADP
taxlaw-6680	148	36	any	any	DET
taxlaw-6680	148	37	expected	expect	VERB
taxlaw-6680	148	38	decline	decline	NOUN
taxlaw-6680	148	39	in	in	ADP
taxlaw-6680	148	40	property	property	NOUN
taxlaw-6680	148	41	value	value	NOUN
taxlaw-6680	148	42	.	.	PUNCT
taxlaw-6680	149	1	arrangements	arrangement	NOUN
taxlaw-6680	149	2	like	like	ADP
taxlaw-6680	149	3	this	this	PRON
taxlaw-6680	149	4	interfere	interfere	VERB
taxlaw-6680	149	5	with	with	ADP
taxlaw-6680	149	6	the	the	DET
taxlaw-6680	149	7	goal	goal	NOUN
taxlaw-6680	149	8	of	of	ADP
taxlaw-6680	149	9	a	a	DET
taxlaw-6680	149	10	properly	properly	ADV
taxlaw-6680	149	11	functioning	function	VERB
taxlaw-6680	149	12	capital	capital	NOUN
taxlaw-6680	149	13	market	market	NOUN
taxlaw-6680	149	14	,	,	PUNCT
taxlaw-6680	149	15	i.e.	i.e.	X
taxlaw-6680	149	16	to	to	PART
taxlaw-6680	149	17	allocate	allocate	VERB
taxlaw-6680	149	18	capital	capital	NOUN
taxlaw-6680	149	19	to	to	ADP
taxlaw-6680	149	20	the	the	DET
taxlaw-6680	149	21	party	party	NOUN
taxlaw-6680	149	22	that	that	PRON
taxlaw-6680	149	23	can	can	AUX
taxlaw-6680	149	24	use	use	VERB
taxlaw-6680	149	25	it	it	PRON
taxlaw-6680	149	26	to	to	PART
taxlaw-6680	149	27	generate	generate	VERB
taxlaw-6680	149	28	the	the	DET
taxlaw-6680	149	29	greatest	great	ADJ
taxlaw-6680	149	30	value	value	NOUN
taxlaw-6680	149	31	.	.	PUNCT
taxlaw-6680	150	1	for	for	ADP
taxlaw-6680	150	2	example	example	NOUN
taxlaw-6680	150	3	,	,	PUNCT
taxlaw-6680	150	4	if	if	SCONJ
taxlaw-6680	150	5	another	another	DET
taxlaw-6680	150	6	party	party	NOUN
taxlaw-6680	150	7	expects	expect	VERB
taxlaw-6680	150	8	a	a	DET
taxlaw-6680	150	9	smaller	small	ADJ
taxlaw-6680	150	10	decline	decline	NOUN
taxlaw-6680	150	11	in	in	ADP
taxlaw-6680	150	12	property	property	NOUN
taxlaw-6680	150	13	value	value	NOUN
taxlaw-6680	150	14	because	because	SCONJ
taxlaw-6680	150	15	of	of	ADP
taxlaw-6680	150	16	its	its	PRON
taxlaw-6680	150	17	greater	great	ADJ
taxlaw-6680	150	18	ability	ability	NOUN
taxlaw-6680	150	19	to	to	PART
taxlaw-6680	150	20	preserve	preserve	VERB
taxlaw-6680	150	21	property	property	NOUN
taxlaw-6680	150	22	value	value	NOUN
taxlaw-6680	150	23	,	,	PUNCT
taxlaw-6680	150	24	but	but	CCONJ
taxlaw-6680	150	25	is	be	AUX
taxlaw-6680	150	26	unable	unable	ADJ
taxlaw-6680	150	27	to	to	PART
taxlaw-6680	150	28	generate	generate	VERB
taxlaw-6680	150	29	enough	enough	ADJ
taxlaw-6680	150	30	net	net	ADJ
taxlaw-6680	150	31	tax	tax	NOUN
taxlaw-6680	150	32	saving	saving	NOUN
taxlaw-6680	150	33	from	from	ADP
taxlaw-6680	150	34	the	the	DET
taxlaw-6680	150	35	investment	investment	NOUN
taxlaw-6680	150	36	,	,	PUNCT
taxlaw-6680	150	37	the	the	DET
taxlaw-6680	150	38	property	property	NOUN
taxlaw-6680	150	39	will	will	AUX
taxlaw-6680	150	40	end	end	VERB
taxlaw-6680	150	41	up	up	ADP
taxlaw-6680	150	42	in	in	ADP
taxlaw-6680	150	43	the	the	DET
taxlaw-6680	150	44	hands	hand	NOUN
taxlaw-6680	150	45	of	of	ADP
taxlaw-6680	150	46	inefficient	inefficient	ADJ
taxlaw-6680	150	47	investors	investor	NOUN
taxlaw-6680	150	48	such	such	ADJ
taxlaw-6680	150	49	as	as	ADP
taxlaw-6680	150	50	the	the	DET
taxlaw-6680	150	51	orrischs	orrisch	NOUN
taxlaw-6680	150	52	.	.	PUNCT
taxlaw-6680	151	1	as	as	ADP
taxlaw-6680	151	2	a	a	DET
taxlaw-6680	151	3	variation	variation	NOUN
taxlaw-6680	151	4	on	on	ADP
taxlaw-6680	151	5	the	the	DET
taxlaw-6680	151	6	facts	fact	NOUN
taxlaw-6680	151	7	of	of	ADP
taxlaw-6680	151	8	the	the	DET
taxlaw-6680	151	9	case	case	NOUN
taxlaw-6680	151	10	,	,	PUNCT
taxlaw-6680	151	11	assume	assume	VERB
taxlaw-6680	151	12	that	that	SCONJ
taxlaw-6680	151	13	the	the	DET
taxlaw-6680	151	14	partnership	partnership	NOUN
taxlaw-6680	151	15	formed	form	VERB
taxlaw-6680	151	16	by	by	ADP
taxlaw-6680	151	17	the	the	DET
taxlaw-6680	151	18	orrischs	orrisch	NOUN
taxlaw-6680	151	19	and	and	CCONJ
taxlaw-6680	151	20	the	the	DET
taxlaw-6680	151	21	crisafises	crisafise	NOUN
taxlaw-6680	151	22	(	(	PUNCT
taxlaw-6680	151	23	partnership	partnership	NOUN
taxlaw-6680	151	24	oc	oc	NOUN
taxlaw-6680	151	25	)	)	PUNCT
taxlaw-6680	151	26	is	be	AUX
taxlaw-6680	151	27	in	in	ADP
taxlaw-6680	151	28	a	a	DET
taxlaw-6680	151	29	bidding	bidding	NOUN
taxlaw-6680	151	30	contest	contest	NOUN
taxlaw-6680	151	31	against	against	ADP
taxlaw-6680	151	32	another	another	DET
taxlaw-6680	151	33	partnership	partnership	NOUN
taxlaw-6680	151	34	(	(	PUNCT
taxlaw-6680	151	35	partnership	partnership	PROPN
taxlaw-6680	151	36	ab	ab	PROPN
taxlaw-6680	151	37	)	)	PUNCT
taxlaw-6680	151	38	for	for	ADP
taxlaw-6680	151	39	an	an	DET
taxlaw-6680	151	40	item	item	NOUN
taxlaw-6680	151	41	of	of	ADP
taxlaw-6680	151	42	depreciable	depreciable	ADJ
taxlaw-6680	151	43	property	property	NOUN
taxlaw-6680	151	44	.	.	PUNCT
taxlaw-6680	152	1	partnership	partnership	NOUN
taxlaw-6680	152	2	oc	oc	PROPN
taxlaw-6680	152	3	can	can	AUX
taxlaw-6680	152	4	sell	sell	VERB
taxlaw-6680	152	5	the	the	DET
taxlaw-6680	152	6	property	property	NOUN
taxlaw-6680	152	7	for	for	ADP
taxlaw-6680	152	8	$	$	SYM
taxlaw-6680	152	9	100,000	100,000	NUM
taxlaw-6680	152	10	after	after	ADP
taxlaw-6680	152	11	fully	fully	ADV
taxlaw-6680	152	12	depreciating	depreciate	VERB
taxlaw-6680	152	13	it	it	PRON
taxlaw-6680	152	14	(	(	PUNCT
taxlaw-6680	152	15	with	with	ADP
taxlaw-6680	152	16	no	no	DET
taxlaw-6680	152	17	salvage	salvage	NOUN
taxlaw-6680	152	18	value	value	NOUN
taxlaw-6680	152	19	)	)	PUNCT
taxlaw-6680	152	20	.	.	PUNCT
taxlaw-6680	153	1	however	however	ADV
taxlaw-6680	153	2	,	,	PUNCT
taxlaw-6680	153	3	partnership	partnership	PROPN
taxlaw-6680	153	4	ab	ab	PROPN
taxlaw-6680	153	5	,	,	PUNCT
taxlaw-6680	153	6	which	which	PRON
taxlaw-6680	153	7	can	can	AUX
taxlaw-6680	153	8	better	well	ADV
taxlaw-6680	153	9	utilize	utilize	VERB
taxlaw-6680	153	10	,	,	PUNCT
taxlaw-6680	153	11	maintain	maintain	VERB
taxlaw-6680	153	12	and	and	CCONJ
taxlaw-6680	153	13	improve	improve	VERB
taxlaw-6680	153	14	the	the	DET
taxlaw-6680	153	15	property	property	NOUN
taxlaw-6680	153	16	,	,	PUNCT
taxlaw-6680	153	17	can	can	AUX
taxlaw-6680	153	18	sell	sell	VERB
taxlaw-6680	153	19	it	it	PRON
taxlaw-6680	153	20	for	for	ADP
taxlaw-6680	153	21	$	$	SYM
taxlaw-6680	153	22	130,000	130,000	NUM
taxlaw-6680	153	23	after	after	ADP
taxlaw-6680	153	24	full	full	ADJ
taxlaw-6680	153	25	depreciation	depreciation	NOUN
taxlaw-6680	153	26	.	.	PUNCT
taxlaw-6680	154	1	assume	assume	VERB
taxlaw-6680	154	2	a	a	DET
taxlaw-6680	154	3	five	five	NUM
taxlaw-6680	154	4	-	-	PUNCT
taxlaw-6680	154	5	year	year	NOUN
taxlaw-6680	154	6	investment	investment	NOUN
taxlaw-6680	154	7	horizon	horizon	NOUN
taxlaw-6680	154	8	,	,	PUNCT
taxlaw-6680	154	9	five	five	NUM
taxlaw-6680	154	10	-	-	PUNCT
taxlaw-6680	154	11	year	year	NOUN
taxlaw-6680	154	12	useful	useful	ADJ
taxlaw-6680	154	13	life	life	NOUN
taxlaw-6680	154	14	,	,	PUNCT
taxlaw-6680	154	15	an	an	DET
taxlaw-6680	154	16	annual	annual	ADJ
taxlaw-6680	154	17	discount	discount	NOUN
taxlaw-6680	154	18	rate	rate	NOUN
taxlaw-6680	154	19	of	of	ADP
taxlaw-6680	154	20	10	10	NUM
taxlaw-6680	154	21	%	%	NOUN
taxlaw-6680	154	22	,	,	PUNCT
taxlaw-6680	154	23	a	a	DET
taxlaw-6680	154	24	tax	tax	NOUN
taxlaw-6680	154	25	bracket	bracket	NOUN
taxlaw-6680	154	26	of	of	ADP
taxlaw-6680	154	27	40	40	NUM
taxlaw-6680	154	28	%	%	NOUN
taxlaw-6680	154	29	for	for	ADP
taxlaw-6680	154	30	all	all	DET
taxlaw-6680	154	31	the	the	DET
taxlaw-6680	154	32	partners	partner	NOUN
taxlaw-6680	154	33	,	,	PUNCT
taxlaw-6680	154	34	and	and	CCONJ
taxlaw-6680	154	35	a	a	DET
taxlaw-6680	154	36	perpetuities	perpetuity	NOUN
taxlaw-6680	154	37	valuation	valuation	NOUN
taxlaw-6680	154	38	model	model	NOUN
taxlaw-6680	154	39	to	to	PART
taxlaw-6680	154	40	calculate	calculate	VERB
taxlaw-6680	154	41	the	the	DET
taxlaw-6680	154	42	present	present	ADJ
taxlaw-6680	154	43	value	value	NOUN
taxlaw-6680	154	44	of	of	ADP
taxlaw-6680	154	45	future	future	ADJ
taxlaw-6680	154	46	payoffs	payoff	NOUN
taxlaw-6680	154	47	for	for	ADP
taxlaw-6680	154	48	both	both	DET
taxlaw-6680	154	49	parties	party	NOUN
taxlaw-6680	154	50	.	.	PUNCT
taxlaw-6680	155	1	assume	assume	VERB
taxlaw-6680	155	2	further	far	ADV
taxlaw-6680	155	3	that	that	SCONJ
taxlaw-6680	155	4	the	the	DET
taxlaw-6680	155	5	orrischs	orrisch	NOUN
taxlaw-6680	155	6	have	have	VERB
taxlaw-6680	155	7	substantial	substantial	ADJ
taxlaw-6680	155	8	personal	personal	ADJ
taxlaw-6680	155	9	income	income	NOUN
taxlaw-6680	155	10	to	to	PART
taxlaw-6680	155	11	fully	fully	ADV
taxlaw-6680	155	12	utilize	utilize	VERB
taxlaw-6680	155	13	any	any	DET
taxlaw-6680	155	14	excess	excess	ADJ
taxlaw-6680	155	15	depreciation	depreciation	NOUN
taxlaw-6680	155	16	,	,	PUNCT
taxlaw-6680	155	17	while	while	SCONJ
taxlaw-6680	155	18	the	the	DET
taxlaw-6680	155	19	crisafises	crisafise	NOUN
taxlaw-6680	155	20	and	and	CCONJ
taxlaw-6680	155	21	the	the	DET
taxlaw-6680	155	22	partners	partner	NOUN
taxlaw-6680	155	23	in	in	ADP
taxlaw-6680	155	24	partnership	partnership	NOUN
taxlaw-6680	155	25	ab	ab	PROPN
taxlaw-6680	155	26	have	have	VERB
taxlaw-6680	155	27	no	no	DET
taxlaw-6680	155	28	other	other	ADJ
taxlaw-6680	155	29	income	income	NOUN
taxlaw-6680	155	30	to	to	PART
taxlaw-6680	155	31	utilize	utilize	VERB
taxlaw-6680	155	32	against	against	ADP
taxlaw-6680	155	33	any	any	DET
taxlaw-6680	155	34	excess	excess	ADJ
taxlaw-6680	155	35	17	17	NUM
taxlaw-6680	155	36	see	see	NOUN
taxlaw-6680	155	37	orrisch	orrisch	PROPN
taxlaw-6680	155	38	v.	v.	ADP
taxlaw-6680	155	39	commissioner	commissioner	NOUN
taxlaw-6680	155	40	,	,	PUNCT
taxlaw-6680	155	41	55	55	NUM
taxlaw-6680	155	42	tc	tc	NUM
taxlaw-6680	155	43	395	395	NUM
taxlaw-6680	155	44	(	(	PUNCT
taxlaw-6680	155	45	1970	1970	NUM
taxlaw-6680	155	46	)	)	PUNCT
taxlaw-6680	155	47	.	.	PUNCT
taxlaw-6680	156	1	the	the	DET
taxlaw-6680	156	2	orrisch	orrisch	PROPN
taxlaw-6680	156	3	case	case	NOUN
taxlaw-6680	156	4	may	may	AUX
taxlaw-6680	156	5	come	come	VERB
taxlaw-6680	156	6	out	out	ADP
taxlaw-6680	156	7	differently	differently	ADV
taxlaw-6680	156	8	under	under	ADP
taxlaw-6680	156	9	current	current	ADJ
taxlaw-6680	156	10	section	section	NOUN
taxlaw-6680	156	11	704	704	NUM
taxlaw-6680	156	12	regulations	regulation	NOUN
taxlaw-6680	156	13	,	,	PUNCT
taxlaw-6680	156	14	under	under	ADP
taxlaw-6680	156	15	which	which	PRON
taxlaw-6680	156	16	a	a	DET
taxlaw-6680	156	17	partnership	partnership	NOUN
taxlaw-6680	156	18	property	property	NOUN
taxlaw-6680	156	19	’s	’s	PART
taxlaw-6680	156	20	fair	fair	ADJ
taxlaw-6680	156	21	market	market	NOUN
taxlaw-6680	156	22	value	value	NOUN
taxlaw-6680	156	23	is	be	AUX
taxlaw-6680	156	24	presumed	presume	VERB
taxlaw-6680	156	25	to	to	PART
taxlaw-6680	156	26	be	be	AUX
taxlaw-6680	156	27	its	its	PRON
taxlaw-6680	156	28	adjusted	adjust	VERB
taxlaw-6680	156	29	tax	tax	NOUN
taxlaw-6680	156	30	basis	basis	NOUN
taxlaw-6680	156	31	for	for	ADP
taxlaw-6680	156	32	purposes	purpose	NOUN
taxlaw-6680	156	33	of	of	ADP
taxlaw-6680	156	34	determining	determine	VERB
taxlaw-6680	156	35	whether	whether	SCONJ
taxlaw-6680	156	36	several	several	ADJ
taxlaw-6680	156	37	partnership	partnership	NOUN
taxlaw-6680	156	38	allocations	allocation	NOUN
taxlaw-6680	156	39	are	be	AUX
taxlaw-6680	156	40	“	"	PUNCT
taxlaw-6680	156	41	transitory	transitory	ADJ
taxlaw-6680	156	42	”	"	PUNCT
taxlaw-6680	156	43	and	and	CCONJ
taxlaw-6680	156	44	thus	thus	ADV
taxlaw-6680	156	45	without	without	ADP
taxlaw-6680	156	46	substantial	substantial	ADJ
taxlaw-6680	156	47	economic	economic	ADJ
taxlaw-6680	156	48	effect	effect	NOUN
taxlaw-6680	156	49	.	.	PUNCT
taxlaw-6680	157	1	see	see	VERB
taxlaw-6680	157	2	treas	treas	PROPN
taxlaw-6680	157	3	.	.	PUNCT
taxlaw-6680	158	1	reg	reg	PROPN
taxlaw-6680	158	2	.	.	PUNCT
taxlaw-6680	159	1	§	§	PROPN
taxlaw-6680	159	2	1.704	1.704	NUM
taxlaw-6680	159	3	-	-	NUM
taxlaw-6680	159	4	1(b)(2)(iii)(c	1(b)(2)(iii)(c	NUM
taxlaw-6680	159	5	)	)	PUNCT
taxlaw-6680	159	6	.	.	PUNCT
taxlaw-6680	160	1	see	see	VERB
taxlaw-6680	160	2	also	also	ADV
taxlaw-6680	160	3	treas	treas	PROPN
taxlaw-6680	160	4	.	.	PUNCT
taxlaw-6680	161	1	reg	reg	NOUN
taxlaw-6680	161	2	.	.	PUNCT
taxlaw-6680	162	1	1.701	1.701	NUM
taxlaw-6680	162	2	-	-	NUM
taxlaw-6680	162	3	2(d	2(d	NUM
taxlaw-6680	162	4	)	)	PUNCT
taxlaw-6680	162	5	,	,	PUNCT
taxlaw-6680	162	6	ex	ex	NOUN
taxlaw-6680	162	7	.	.	NOUN
taxlaw-6680	162	8	6(i	6(i	NUM
taxlaw-6680	162	9	)	)	PUNCT
taxlaw-6680	162	10	.	.	PUNCT
taxlaw-6680	163	1	however	however	ADV
taxlaw-6680	163	2	,	,	PUNCT
taxlaw-6680	163	3	the	the	DET
taxlaw-6680	163	4	insight	insight	NOUN
taxlaw-6680	163	5	provided	provide	VERB
taxlaw-6680	163	6	by	by	ADP
taxlaw-6680	163	7	the	the	DET
taxlaw-6680	163	8	orrisch	orrisch	PROPN
taxlaw-6680	163	9	court	court	NOUN
taxlaw-6680	163	10	is	be	AUX
taxlaw-6680	163	11	still	still	ADV
taxlaw-6680	163	12	helpful	helpful	ADJ
taxlaw-6680	163	13	in	in	ADP
taxlaw-6680	163	14	understanding	understand	VERB
taxlaw-6680	163	15	subchapter	subchapter	NOUN
taxlaw-6680	163	16	k	k	PROPN
taxlaw-6680	163	17	’s	’s	ADJ
taxlaw-6680	163	18	logic	logic	NOUN
taxlaw-6680	163	19	of	of	ADP
taxlaw-6680	163	20	matching	match	VERB
taxlaw-6680	163	21	taxes	taxis	NOUN
taxlaw-6680	163	22	with	with	ADP
taxlaw-6680	163	23	economics	economic	NOUN
taxlaw-6680	163	24	.	.	PUNCT
taxlaw-6680	164	1	2019	2019	NUM
taxlaw-6680	164	2	]	]	PUNCT
taxlaw-6680	164	3	a	a	DET
taxlaw-6680	164	4	gain	gain	NOUN
taxlaw-6680	164	5	must	must	AUX
taxlaw-6680	164	6	lie	lie	VERB
taxlaw-6680	164	7	where	where	SCONJ
taxlaw-6680	164	8	it	it	PRON
taxlaw-6680	164	9	falls	fall	VERB
taxlaw-6680	164	10	:	:	PUNCT
taxlaw-6680	164	11	matching	match	VERB
taxlaw-6680	164	12	tax	tax	NOUN
taxlaw-6680	164	13	with	with	ADP
taxlaw-6680	164	14	economics	economic	NOUN
taxlaw-6680	164	15	in	in	ADP
taxlaw-6680	164	16	subchapter	subchapter	NOUN
taxlaw-6680	164	17	k	k	PROPN
taxlaw-6680	164	18	111	111	NUM
taxlaw-6680	164	19	depreciation	depreciation	NOUN
taxlaw-6680	164	20	.	.	PUNCT
taxlaw-6680	165	1	the	the	DET
taxlaw-6680	165	2	maximum	maximum	ADJ
taxlaw-6680	165	3	bidding	bidding	NOUN
taxlaw-6680	165	4	price	price	NOUN
taxlaw-6680	165	5	that	that	PRON
taxlaw-6680	165	6	partnership	partnership	NOUN
taxlaw-6680	165	7	ab	ab	PROPN
taxlaw-6680	165	8	is	be	AUX
taxlaw-6680	165	9	willing	willing	ADJ
taxlaw-6680	165	10	to	to	PART
taxlaw-6680	165	11	pay	pay	VERB
taxlaw-6680	165	12	,	,	PUNCT
taxlaw-6680	165	13	pmax(ab	pmax(ab	NOUN
taxlaw-6680	165	14	)	)	PUNCT
taxlaw-6680	165	15	,	,	PUNCT
taxlaw-6680	165	16	is	be	AUX
taxlaw-6680	165	17	approximately	approximately	ADV
taxlaw-6680	165	18	$	$	SYM
taxlaw-6680	165	19	143,000	143,000	NUM
taxlaw-6680	165	20	(	(	PUNCT
taxlaw-6680	165	21	ignoring	ignore	VERB
taxlaw-6680	165	22	time	time	NOUN
taxlaw-6680	165	23	value	value	NOUN
taxlaw-6680	165	24	of	of	ADP
taxlaw-6680	165	25	money).18	money).18	NOUN
taxlaw-6680	165	26	similarly	similarly	ADV
taxlaw-6680	165	27	,	,	PUNCT
taxlaw-6680	165	28	as	as	SCONJ
taxlaw-6680	165	29	explained	explain	VERB
taxlaw-6680	165	30	in	in	ADP
taxlaw-6680	165	31	footnote	footnote	NOUN
taxlaw-6680	165	32	18	18	NUM
taxlaw-6680	165	33	,	,	PUNCT
taxlaw-6680	165	34	partnership	partnership	NOUN
taxlaw-6680	165	35	oc	oc	PROPN
taxlaw-6680	165	36	’s	’s	PART
taxlaw-6680	165	37	annual	annual	ADJ
taxlaw-6680	165	38	income	income	NOUN
taxlaw-6680	165	39	from	from	ADP
taxlaw-6680	165	40	the	the	DET
taxlaw-6680	165	41	property	property	NOUN
taxlaw-6680	165	42	is	be	AUX
taxlaw-6680	165	43	assumed	assume	VERB
taxlaw-6680	165	44	to	to	PART
taxlaw-6680	165	45	be	be	AUX
taxlaw-6680	165	46	$	$	SYM
taxlaw-6680	165	47	10,000	10,000	NUM
taxlaw-6680	165	48	,	,	PUNCT
taxlaw-6680	165	49	or	or	CCONJ
taxlaw-6680	165	50	$	$	SYM
taxlaw-6680	165	51	100,000	100,000	NUM
taxlaw-6680	165	52	*	*	SYM
taxlaw-6680	165	53	10	10	NUM
taxlaw-6680	165	54	%	%	NOUN
taxlaw-6680	165	55	under	under	ADP
taxlaw-6680	165	56	the	the	DET
taxlaw-6680	165	57	perpetuities	perpetuity	NOUN
taxlaw-6680	165	58	model	model	NOUN
taxlaw-6680	165	59	.	.	PUNCT
taxlaw-6680	166	1	if	if	SCONJ
taxlaw-6680	166	2	a	a	DET
taxlaw-6680	166	3	court	court	NOUN
taxlaw-6680	166	4	permits	permit	VERB
taxlaw-6680	166	5	the	the	DET
taxlaw-6680	166	6	special	special	ADJ
taxlaw-6680	166	7	allocation	allocation	NOUN
taxlaw-6680	166	8	,	,	PUNCT
taxlaw-6680	166	9	since	since	SCONJ
taxlaw-6680	166	10	the	the	DET
taxlaw-6680	166	11	orrischs	orrisch	NOUN
taxlaw-6680	166	12	are	be	AUX
taxlaw-6680	166	13	in	in	ADP
taxlaw-6680	166	14	the	the	DET
taxlaw-6680	166	15	40	40	NUM
taxlaw-6680	166	16	%	%	NOUN
taxlaw-6680	166	17	tax	tax	NOUN
taxlaw-6680	166	18	bracket	bracket	NOUN
taxlaw-6680	166	19	,	,	PUNCT
taxlaw-6680	166	20	the	the	DET
taxlaw-6680	166	21	maximum	maximum	ADJ
taxlaw-6680	166	22	bidding	bidding	NOUN
taxlaw-6680	166	23	price	price	NOUN
taxlaw-6680	166	24	by	by	ADP
taxlaw-6680	166	25	partnership	partnership	NOUN
taxlaw-6680	166	26	oc	oc	NOUN
taxlaw-6680	166	27	will	will	AUX
taxlaw-6680	166	28	be	be	AUX
taxlaw-6680	166	29	pmax(oc	pmax(oc	PROPN
taxlaw-6680	166	30	)	)	PUNCT
taxlaw-6680	166	31	,	,	PUNCT
taxlaw-6680	166	32	which	which	PRON
taxlaw-6680	166	33	is	be	AUX
taxlaw-6680	166	34	equal	equal	ADJ
taxlaw-6680	166	35	to	to	ADP
taxlaw-6680	166	36	the	the	DET
taxlaw-6680	166	37	sum	sum	NOUN
taxlaw-6680	166	38	of	of	ADP
taxlaw-6680	166	39	the	the	DET
taxlaw-6680	166	40	expected	expect	VERB
taxlaw-6680	166	41	income	income	NOUN
taxlaw-6680	166	42	from	from	ADP
taxlaw-6680	166	43	the	the	DET
taxlaw-6680	166	44	property	property	NOUN
taxlaw-6680	166	45	and	and	CCONJ
taxlaw-6680	166	46	the	the	DET
taxlaw-6680	166	47	net	net	ADJ
taxlaw-6680	166	48	tax	tax	NOUN
taxlaw-6680	166	49	savings	saving	NOUN
taxlaw-6680	166	50	from	from	ADP
taxlaw-6680	166	51	the	the	DET
taxlaw-6680	166	52	special	special	ADJ
taxlaw-6680	166	53	allocation	allocation	NOUN
taxlaw-6680	166	54	scheme.19solving	scheme.19solving	PROPN
taxlaw-6680	166	55	for	for	ADP
taxlaw-6680	166	56	pmax(oc	pmax(oc	NOUN
taxlaw-6680	166	57	)	)	PUNCT
taxlaw-6680	166	58	gives	give	VERB
taxlaw-6680	166	59	$	$	SYM
taxlaw-6680	166	60	150,000	150,000	NUM
taxlaw-6680	166	61	.	.	PUNCT
taxlaw-6680	167	1	consequently	consequently	ADV
taxlaw-6680	167	2	,	,	PUNCT
taxlaw-6680	167	3	since	since	SCONJ
taxlaw-6680	167	4	pmax(oc	pmax(oc	NOUN
taxlaw-6680	167	5	)	)	PUNCT
taxlaw-6680	167	6	is	be	AUX
taxlaw-6680	167	7	greater	great	ADJ
taxlaw-6680	167	8	than	than	ADP
taxlaw-6680	167	9	pmax(ab	pmax(ab	PROPN
taxlaw-6680	167	10	)	)	PUNCT
taxlaw-6680	167	11	,	,	PUNCT
taxlaw-6680	167	12	partnership	partnership	NOUN
taxlaw-6680	167	13	oc	oc	NOUN
taxlaw-6680	167	14	will	will	AUX
taxlaw-6680	167	15	outbid	outbid	VERB
taxlaw-6680	167	16	partnership	partnership	NOUN
taxlaw-6680	167	17	ab	ab	PROPN
taxlaw-6680	167	18	to	to	PART
taxlaw-6680	167	19	receive	receive	VERB
taxlaw-6680	167	20	the	the	DET
taxlaw-6680	167	21	property	property	NOUN
taxlaw-6680	167	22	.	.	PUNCT
taxlaw-6680	168	1	however	however	ADV
taxlaw-6680	168	2	,	,	PUNCT
taxlaw-6680	168	3	this	this	DET
taxlaw-6680	168	4	capital	capital	NOUN
taxlaw-6680	168	5	allocation	allocation	NOUN
taxlaw-6680	168	6	is	be	AUX
taxlaw-6680	168	7	economically	economically	ADV
taxlaw-6680	168	8	inefficient	inefficient	ADJ
taxlaw-6680	168	9	because	because	SCONJ
taxlaw-6680	168	10	partnership	partnership	NOUN
taxlaw-6680	168	11	ab	ab	PROPN
taxlaw-6680	168	12	is	be	AUX
taxlaw-6680	168	13	better	well	ADJ
taxlaw-6680	168	14	at	at	ADP
taxlaw-6680	168	15	utilizing	utilize	VERB
taxlaw-6680	168	16	,	,	PUNCT
taxlaw-6680	168	17	maintaining	maintain	VERB
taxlaw-6680	168	18	and	and	CCONJ
taxlaw-6680	168	19	improving	improve	VERB
taxlaw-6680	168	20	the	the	DET
taxlaw-6680	168	21	property	property	NOUN
taxlaw-6680	168	22	.	.	PUNCT
taxlaw-6680	169	1	the	the	DET
taxlaw-6680	169	2	efficiency	efficiency	NOUN
taxlaw-6680	169	3	cost	cost	NOUN
taxlaw-6680	169	4	of	of	ADP
taxlaw-6680	169	5	$	$	SYM
taxlaw-6680	169	6	45,000	45,000	NUM
taxlaw-6680	169	7	(	(	PUNCT
taxlaw-6680	169	8	ignoring	ignore	VERB
taxlaw-6680	169	9	time	time	NOUN
taxlaw-6680	169	10	value	value	NOUN
taxlaw-6680	169	11	of	of	ADP
taxlaw-6680	169	12	money)20	money)20	PROPN
taxlaw-6680	169	13	stems	stem	VERB
taxlaw-6680	169	14	from	from	ADP
taxlaw-6680	169	15	the	the	DET
taxlaw-6680	169	16	tax	tax	NOUN
taxlaw-6680	169	17	shelter	shelter	NOUN
taxlaw-6680	169	18	effect	effect	NOUN
taxlaw-6680	169	19	of	of	ADP
taxlaw-6680	169	20	depreciation	depreciation	NOUN
taxlaw-6680	169	21	provided	provide	VERB
taxlaw-6680	169	22	by	by	ADP
taxlaw-6680	169	23	a	a	DET
taxlaw-6680	169	24	tax	tax	NOUN
taxlaw-6680	169	25	policy	policy	NOUN
taxlaw-6680	169	26	that	that	PRON
taxlaw-6680	169	27	permits	permit	VERB
taxlaw-6680	169	28	the	the	DET
taxlaw-6680	169	29	special	special	ADJ
taxlaw-6680	169	30	allocation	allocation	NOUN
taxlaw-6680	169	31	proposed	propose	VERB
taxlaw-6680	169	32	by	by	ADP
taxlaw-6680	169	33	the	the	DET
taxlaw-6680	169	34	orrischs	orrisch	NOUN
taxlaw-6680	169	35	.	.	PUNCT
taxlaw-6680	170	1	to	to	PART
taxlaw-6680	170	2	exacerbate	exacerbate	VERB
taxlaw-6680	170	3	the	the	DET
taxlaw-6680	170	4	issue	issue	NOUN
taxlaw-6680	170	5	,	,	PUNCT
taxlaw-6680	170	6	partnership	partnership	NOUN
taxlaw-6680	170	7	oc	oc	NOUN
taxlaw-6680	170	8	may	may	AUX
taxlaw-6680	170	9	have	have	AUX
taxlaw-6680	170	10	borrowed	borrow	VERB
taxlaw-6680	170	11	on	on	ADP
taxlaw-6680	170	12	a	a	DET
taxlaw-6680	170	13	nonrecourse	nonrecourse	ADJ
taxlaw-6680	170	14	basis	basis	NOUN
taxlaw-6680	170	15	to	to	PART
taxlaw-6680	170	16	acquire	acquire	VERB
taxlaw-6680	170	17	the	the	DET
taxlaw-6680	170	18	property	property	NOUN
taxlaw-6680	170	19	,	,	PUNCT
taxlaw-6680	170	20	and	and	CCONJ
taxlaw-6680	170	21	the	the	DET
taxlaw-6680	170	22	property	property	NOUN
taxlaw-6680	170	23	may	may	AUX
taxlaw-6680	170	24	be	be	AUX
taxlaw-6680	170	25	entitled	entitle	VERB
taxlaw-6680	170	26	to	to	ADP
taxlaw-6680	170	27	immediate	immediate	ADJ
taxlaw-6680	170	28	expensing	expensing	NOUN
taxlaw-6680	170	29	of	of	ADP
taxlaw-6680	170	30	its	its	PRON
taxlaw-6680	170	31	acquisition	acquisition	NOUN
taxlaw-6680	170	32	cost.21assume	cost.21assume	SYM
taxlaw-6680	170	33	,	,	PUNCT
taxlaw-6680	170	34	in	in	ADP
taxlaw-6680	170	35	this	this	DET
taxlaw-6680	170	36	extreme	extreme	ADJ
taxlaw-6680	170	37	case	case	NOUN
taxlaw-6680	170	38	,	,	PUNCT
taxlaw-6680	170	39	that	that	DET
taxlaw-6680	170	40	partnership	partnership	NOUN
taxlaw-6680	170	41	oc	oc	PART
taxlaw-6680	170	42	incurred	incur	VERB
taxlaw-6680	170	43	$	$	SYM
taxlaw-6680	170	44	145,000	145,000	NUM
taxlaw-6680	170	45	of	of	ADP
taxlaw-6680	170	46	nonrecourse	nonrecourse	ADJ
taxlaw-6680	170	47	debt	debt	NOUN
taxlaw-6680	170	48	to	to	PART
taxlaw-6680	170	49	outbid	outbid	VERB
taxlaw-6680	170	50	partnership	partnership	NOUN
taxlaw-6680	170	51	ab	ab	PROPN
taxlaw-6680	170	52	and	and	CCONJ
taxlaw-6680	170	53	acquire	acquire	VERB
taxlaw-6680	170	54	the	the	DET
taxlaw-6680	170	55	property	property	NOUN
taxlaw-6680	170	56	.	.	PUNCT
taxlaw-6680	171	1	the	the	DET
taxlaw-6680	171	2	property	property	NOUN
taxlaw-6680	171	3	has	have	VERB
taxlaw-6680	171	4	a	a	DET
taxlaw-6680	171	5	useful	useful	ADJ
taxlaw-6680	171	6	life	life	NOUN
taxlaw-6680	171	7	of	of	ADP
taxlaw-6680	171	8	five	five	NUM
taxlaw-6680	171	9	years	year	NOUN
taxlaw-6680	171	10	and	and	CCONJ
taxlaw-6680	171	11	will	will	AUX
taxlaw-6680	171	12	be	be	AUX
taxlaw-6680	171	13	worth	worth	ADJ
taxlaw-6680	171	14	$	$	SYM
taxlaw-6680	171	15	100,000	100,000	NUM
taxlaw-6680	171	16	at	at	ADP
taxlaw-6680	171	17	the	the	DET
taxlaw-6680	171	18	end	end	NOUN
taxlaw-6680	171	19	of	of	ADP
taxlaw-6680	171	20	its	its	PRON
taxlaw-6680	171	21	useful	useful	ADJ
taxlaw-6680	171	22	life	life	NOUN
taxlaw-6680	171	23	,	,	PUNCT
taxlaw-6680	171	24	but	but	CCONJ
taxlaw-6680	171	25	the	the	DET
taxlaw-6680	171	26	orrischs	orrisch	NOUN
taxlaw-6680	171	27	are	be	AUX
taxlaw-6680	171	28	entitled	entitle	VERB
taxlaw-6680	171	29	to	to	ADP
taxlaw-6680	171	30	an	an	DET
taxlaw-6680	171	31	immediate	immediate	ADJ
taxlaw-6680	171	32	100	100	NUM
taxlaw-6680	171	33	%	%	NOUN
taxlaw-6680	171	34	cost	cost	NOUN
taxlaw-6680	171	35	recovery	recovery	NOUN
taxlaw-6680	171	36	deduction	deduction	NOUN
taxlaw-6680	171	37	.	.	PUNCT
taxlaw-6680	172	1	assume	assume	VERB
taxlaw-6680	172	2	that	that	SCONJ
taxlaw-6680	172	3	income	income	NOUN
taxlaw-6680	172	4	from	from	ADP
taxlaw-6680	172	5	the	the	DET
taxlaw-6680	172	6	property	property	NOUN
taxlaw-6680	172	7	is	be	AUX
taxlaw-6680	172	8	just	just	ADV
taxlaw-6680	172	9	enough	enough	ADJ
taxlaw-6680	172	10	to	to	PART
taxlaw-6680	172	11	cover	cover	VERB
taxlaw-6680	172	12	interest	interest	NOUN
taxlaw-6680	172	13	payments	payment	NOUN
taxlaw-6680	172	14	,	,	PUNCT
taxlaw-6680	172	15	that	that	SCONJ
taxlaw-6680	172	16	all	all	DET
taxlaw-6680	172	17	interest	interest	NOUN
taxlaw-6680	172	18	payments	payment	NOUN
taxlaw-6680	172	19	are	be	AUX
taxlaw-6680	172	20	deductible	deductible	ADJ
taxlaw-6680	172	21	and	and	CCONJ
taxlaw-6680	172	22	that	that	SCONJ
taxlaw-6680	172	23	the	the	DET
taxlaw-6680	172	24	creditor	creditor	NOUN
taxlaw-6680	172	25	does	do	AUX
taxlaw-6680	172	26	not	not	PART
taxlaw-6680	172	27	anticipate	anticipate	VERB
taxlaw-6680	172	28	any	any	DET
taxlaw-6680	172	29	decline	decline	NOUN
taxlaw-6680	172	30	in	in	ADP
taxlaw-6680	172	31	property	property	NOUN
taxlaw-6680	172	32	value	value	NOUN
taxlaw-6680	172	33	due	due	ADP
taxlaw-6680	172	34	to	to	ADP
taxlaw-6680	172	35	information	information	NOUN
taxlaw-6680	172	36	asymmetries	asymmetry	NOUN
taxlaw-6680	172	37	.	.	PUNCT
taxlaw-6680	173	1	the	the	DET
taxlaw-6680	173	2	debt	debt	NOUN
taxlaw-6680	173	3	will	will	AUX
taxlaw-6680	173	4	mature	mature	VERB
taxlaw-6680	173	5	after	after	ADP
taxlaw-6680	173	6	five	five	NUM
taxlaw-6680	173	7	years	year	NOUN
taxlaw-6680	173	8	and	and	CCONJ
taxlaw-6680	173	9	will	will	AUX
taxlaw-6680	173	10	have	have	VERB
taxlaw-6680	173	11	a	a	DET
taxlaw-6680	173	12	principal	principal	ADJ
taxlaw-6680	173	13	balance	balance	NOUN
taxlaw-6680	173	14	of	of	ADP
taxlaw-6680	173	15	$	$	SYM
taxlaw-6680	173	16	145,000	145,000	NUM
taxlaw-6680	173	17	at	at	ADP
taxlaw-6680	173	18	maturity	maturity	NOUN
taxlaw-6680	173	19	.	.	PUNCT
taxlaw-6680	174	1	since	since	SCONJ
taxlaw-6680	174	2	the	the	DET
taxlaw-6680	174	3	property	property	NOUN
taxlaw-6680	174	4	will	will	AUX
taxlaw-6680	174	5	be	be	AUX
taxlaw-6680	174	6	worth	worth	ADJ
taxlaw-6680	174	7	only	only	ADV
taxlaw-6680	174	8	$	$	SYM
taxlaw-6680	174	9	100,000	100,000	NUM
taxlaw-6680	174	10	at	at	ADP
taxlaw-6680	174	11	maturity	maturity	NOUN
taxlaw-6680	174	12	,	,	PUNCT
taxlaw-6680	174	13	partnership	partnership	NOUN
taxlaw-6680	174	14	oc	oc	NOUN
taxlaw-6680	174	15	will	will	AUX
taxlaw-6680	174	16	abandon	abandon	VERB
taxlaw-6680	174	17	the	the	DET
taxlaw-6680	174	18	property	property	NOUN
taxlaw-6680	174	19	to	to	ADP
taxlaw-6680	174	20	the	the	DET
taxlaw-6680	174	21	creditor	creditor	NOUN
taxlaw-6680	174	22	in	in	ADP
taxlaw-6680	174	23	full	full	ADJ
taxlaw-6680	174	24	satisfaction	satisfaction	NOUN
taxlaw-6680	174	25	of	of	ADP
taxlaw-6680	174	26	the	the	DET
taxlaw-6680	174	27	debt	debt	NOUN
taxlaw-6680	174	28	,	,	PUNCT
taxlaw-6680	174	29	and	and	CCONJ
taxlaw-6680	174	30	the	the	DET
taxlaw-6680	174	31	orrischs	orrisch	NOUN
taxlaw-6680	174	32	will	will	AUX
taxlaw-6680	174	33	be	be	AUX
taxlaw-6680	174	34	allocated	allocate	VERB
taxlaw-6680	174	35	the	the	DET
taxlaw-6680	174	36	$	$	SYM
taxlaw-6680	174	37	145,000	145,000	NUM
taxlaw-6680	174	38	partnership	partnership	NOUN
taxlaw-6680	174	39	minimum	minimum	NOUN
taxlaw-6680	174	40	gain.22	gain.22	PROPN
taxlaw-6680	174	41	the	the	DET
taxlaw-6680	174	42	pre	pre	ADJ
taxlaw-6680	174	43	-	-	ADJ
taxlaw-6680	174	44	tax	tax	ADJ
taxlaw-6680	174	45	payoff	payoff	NOUN
taxlaw-6680	174	46	for	for	ADP
taxlaw-6680	174	47	partnership	partnership	NOUN
taxlaw-6680	174	48	oc	oc	NOUN
taxlaw-6680	174	49	is	be	AUX
taxlaw-6680	174	50	zero	zero	NUM
taxlaw-6680	174	51	,	,	PUNCT
taxlaw-6680	174	52	because	because	SCONJ
taxlaw-6680	174	53	it	it	PRON
taxlaw-6680	174	54	has	have	VERB
taxlaw-6680	174	55	no	no	DET
taxlaw-6680	174	56	equity	equity	NOUN
taxlaw-6680	174	57	in	in	ADP
taxlaw-6680	174	58	the	the	DET
taxlaw-6680	174	59	property	property	NOUN
taxlaw-6680	174	60	and	and	CCONJ
taxlaw-6680	174	61	all	all	DET
taxlaw-6680	174	62	income	income	NOUN
taxlaw-6680	174	63	before	before	ADP
taxlaw-6680	174	64	interest	interest	NOUN
taxlaw-6680	174	65	and	and	CCONJ
taxlaw-6680	174	66	tax	tax	NOUN
taxlaw-6680	174	67	(	(	PUNCT
taxlaw-6680	174	68	ebit	ebit	PROPN
taxlaw-6680	174	69	)	)	PUNCT
taxlaw-6680	174	70	derived	derive	VERB
taxlaw-6680	174	71	from	from	ADP
taxlaw-6680	174	72	the	the	DET
taxlaw-6680	174	73	property	property	NOUN
taxlaw-6680	174	74	is	be	AUX
taxlaw-6680	174	75	paid	pay	VERB
taxlaw-6680	174	76	to	to	ADP
taxlaw-6680	174	77	the	the	DET
taxlaw-6680	174	78	creditor	creditor	NOUN
taxlaw-6680	174	79	as	as	ADP
taxlaw-6680	174	80	interest	interest	NOUN
taxlaw-6680	174	81	.	.	PUNCT
taxlaw-6680	175	1	however	however	ADV
taxlaw-6680	175	2	,	,	PUNCT
taxlaw-6680	175	3	the	the	DET
taxlaw-6680	175	4	after	after	ADP
taxlaw-6680	175	5	-	-	PUNCT
taxlaw-6680	175	6	tax	tax	NOUN
taxlaw-6680	175	7	payoff	payoff	NOUN
taxlaw-6680	175	8	for	for	ADP
taxlaw-6680	175	9	partnership	partnership	NOUN
taxlaw-6680	175	10	oc	oc	NOUN
taxlaw-6680	175	11	is	be	AUX
taxlaw-6680	175	12	18	18	NUM
taxlaw-6680	175	13	under	under	ADP
taxlaw-6680	175	14	the	the	DET
taxlaw-6680	175	15	perpetuities	perpetuity	NOUN
taxlaw-6680	175	16	model	model	NOUN
taxlaw-6680	175	17	,	,	PUNCT
taxlaw-6680	175	18	a	a	DET
taxlaw-6680	175	19	$	$	SYM
taxlaw-6680	175	20	130,000	130,000	NUM
taxlaw-6680	175	21	property	property	NOUN
taxlaw-6680	175	22	value	value	NOUN
taxlaw-6680	175	23	and	and	CCONJ
taxlaw-6680	175	24	10	10	NUM
taxlaw-6680	175	25	%	%	NOUN
taxlaw-6680	175	26	annual	annual	ADJ
taxlaw-6680	175	27	discount	discount	NOUN
taxlaw-6680	175	28	rate	rate	NOUN
taxlaw-6680	175	29	implies	imply	VERB
taxlaw-6680	175	30	a	a	DET
taxlaw-6680	175	31	perpetual	perpetual	ADJ
taxlaw-6680	175	32	annual	annual	ADJ
taxlaw-6680	175	33	cash	cash	NOUN
taxlaw-6680	175	34	flow	flow	NOUN
taxlaw-6680	175	35	of	of	ADP
taxlaw-6680	175	36	$	$	SYM
taxlaw-6680	175	37	13,000	13,000	NUM
taxlaw-6680	175	38	,	,	PUNCT
taxlaw-6680	175	39	or	or	CCONJ
taxlaw-6680	175	40	$	$	SYM
taxlaw-6680	175	41	130,000	130,000	NUM
taxlaw-6680	175	42	*	*	SYM
taxlaw-6680	175	43	10	10	NUM
taxlaw-6680	175	44	%	%	NOUN
taxlaw-6680	175	45	.	.	PUNCT
taxlaw-6680	176	1	assuming	assume	VERB
taxlaw-6680	176	2	that	that	SCONJ
taxlaw-6680	176	3	partnership	partnership	NOUN
taxlaw-6680	176	4	ab	ab	PROPN
taxlaw-6680	176	5	also	also	ADV
taxlaw-6680	176	6	generates	generate	VERB
taxlaw-6680	176	7	$	$	SYM
taxlaw-6680	176	8	13,000	13,000	NUM
taxlaw-6680	176	9	annual	annual	ADJ
taxlaw-6680	176	10	income	income	NOUN
taxlaw-6680	176	11	from	from	ADP
taxlaw-6680	176	12	this	this	DET
taxlaw-6680	176	13	property	property	NOUN
taxlaw-6680	176	14	during	during	ADP
taxlaw-6680	176	15	the	the	DET
taxlaw-6680	176	16	five	five	NUM
taxlaw-6680	176	17	-	-	PUNCT
taxlaw-6680	176	18	year	year	NOUN
taxlaw-6680	176	19	investment	investment	NOUN
taxlaw-6680	176	20	period	period	NOUN
taxlaw-6680	176	21	,	,	PUNCT
taxlaw-6680	176	22	the	the	DET
taxlaw-6680	176	23	maximum	maximum	ADJ
taxlaw-6680	176	24	payoff	payoff	NOUN
taxlaw-6680	176	25	from	from	ADP
taxlaw-6680	176	26	the	the	DET
taxlaw-6680	176	27	investment	investment	NOUN
taxlaw-6680	176	28	for	for	ADP
taxlaw-6680	176	29	partnership	partnership	NOUN
taxlaw-6680	176	30	ab	ab	PROPN
taxlaw-6680	176	31	is	be	AUX
taxlaw-6680	176	32	(	(	PUNCT
taxlaw-6680	176	33	5*$13000	5*$13000	NUM
taxlaw-6680	176	34	+	+	NUM
taxlaw-6680	176	35	60%*$130,000	60%*$130,000	NUM
taxlaw-6680	176	36	)	)	PUNCT
taxlaw-6680	176	37	,	,	PUNCT
taxlaw-6680	176	38	or	or	CCONJ
taxlaw-6680	176	39	$	$	SYM
taxlaw-6680	176	40	143,000	143,000	NUM
taxlaw-6680	176	41	.	.	PUNCT
taxlaw-6680	177	1	for	for	ADP
taxlaw-6680	177	2	an	an	DET
taxlaw-6680	177	3	introduction	introduction	NOUN
taxlaw-6680	177	4	to	to	ADP
taxlaw-6680	177	5	perpetuities	perpetuity	NOUN
taxlaw-6680	177	6	valuation	valuation	NOUN
taxlaw-6680	177	7	,	,	PUNCT
taxlaw-6680	177	8	see	see	VERB
taxlaw-6680	177	9	richard	richard	PROPN
taxlaw-6680	177	10	a.	a.	PROPN
taxlaw-6680	177	11	brealey	brealey	PROPN
taxlaw-6680	177	12	,	,	PUNCT
taxlaw-6680	177	13	stewart	stewart	PROPN
taxlaw-6680	177	14	c.	c.	PROPN
taxlaw-6680	177	15	myers	myers	PROPN
taxlaw-6680	177	16	&	&	CCONJ
taxlaw-6680	177	17	franklin	franklin	PROPN
taxlaw-6680	177	18	allen	allen	PROPN
taxlaw-6680	177	19	,	,	PUNCT
taxlaw-6680	177	20	principles	principle	NOUN
taxlaw-6680	177	21	of	of	ADP
taxlaw-6680	177	22	corporate	corporate	ADJ
taxlaw-6680	177	23	finance	finance	NOUN
taxlaw-6680	177	24	27	27	NUM
taxlaw-6680	177	25	-	-	SYM
taxlaw-6680	177	26	28	28	NUM
taxlaw-6680	177	27	(	(	PUNCT
taxlaw-6680	177	28	12th	12th	NOUN
taxlaw-6680	177	29	ed	ed	NOUN
taxlaw-6680	177	30	.	.	PROPN
taxlaw-6680	177	31	2017	2017	NUM
taxlaw-6680	177	32	)	)	PUNCT
taxlaw-6680	177	33	.	.	PUNCT
taxlaw-6680	178	1	19	19	NUM
taxlaw-6680	178	2	mathematically	mathematically	ADV
taxlaw-6680	178	3	,	,	PUNCT
taxlaw-6680	178	4	pmax(oc	pmax(oc	NOUN
taxlaw-6680	178	5	)	)	PUNCT
taxlaw-6680	178	6	=	=	NOUN
taxlaw-6680	179	1	100,000	100,000	NUM
taxlaw-6680	179	2	*	*	SYM
taxlaw-6680	179	3	0.6	0.6	NUM
taxlaw-6680	179	4	+	+	CCONJ
taxlaw-6680	179	5	0.4	0.4	NUM
taxlaw-6680	179	6	*	*	PUNCT
taxlaw-6680	179	7	pmax(oc	pmax(oc	PROPN
taxlaw-6680	179	8	)	)	PUNCT
taxlaw-6680	179	9	–	–	PUNCT
taxlaw-6680	179	10	0.4	0.4	NUM
taxlaw-6680	179	11	*	*	SYM
taxlaw-6680	179	12	5*$10,000	5*$10,000	NUM
taxlaw-6680	179	13	+	+	CCONJ
taxlaw-6680	179	14	5*$10,000	5*$10,000	NUM
taxlaw-6680	179	15	20	20	NUM
taxlaw-6680	179	16	this	this	PRON
taxlaw-6680	179	17	is	be	AUX
taxlaw-6680	179	18	calculated	calculate	VERB
taxlaw-6680	179	19	as	as	SCONJ
taxlaw-6680	179	20	follows	follow	VERB
taxlaw-6680	179	21	:	:	PUNCT
taxlaw-6680	179	22	5*($13,000	5*($13,000	NUM
taxlaw-6680	179	23	$	$	SYM
taxlaw-6680	179	24	10,000	10,000	NUM
taxlaw-6680	179	25	)	)	PUNCT
taxlaw-6680	180	1	+	+	CCONJ
taxlaw-6680	180	2	$	$	SYM
taxlaw-6680	180	3	130,000	130,000	NUM
taxlaw-6680	180	4	$	$	SYM
taxlaw-6680	180	5	100,000	100,000	NUM
taxlaw-6680	180	6	.	.	PUNCT
taxlaw-6680	181	1	21	21	NUM
taxlaw-6680	181	2	for	for	ADP
taxlaw-6680	181	3	immediate	immediate	ADJ
taxlaw-6680	181	4	expensing	expensing	NOUN
taxlaw-6680	181	5	of	of	ADP
taxlaw-6680	181	6	certain	certain	ADJ
taxlaw-6680	181	7	capital	capital	NOUN
taxlaw-6680	181	8	expenditures	expenditure	NOUN
taxlaw-6680	181	9	,	,	PUNCT
taxlaw-6680	181	10	see	see	VERB
taxlaw-6680	181	11	i.r.c	i.r.c	NOUN
taxlaw-6680	181	12	.	.	PUNCT
taxlaw-6680	182	1	§	§	PROPN
taxlaw-6680	182	2	179	179	NUM
taxlaw-6680	182	3	.	.	PUNCT
taxlaw-6680	183	1	see	see	VERB
taxlaw-6680	183	2	also	also	ADV
taxlaw-6680	183	3	i.r.c	i.r.c	NOUN
taxlaw-6680	183	4	.	.	PUNCT
taxlaw-6680	184	1	§	§	PROPN
taxlaw-6680	184	2	168(k	168(k	PROPN
taxlaw-6680	184	3	)	)	PUNCT
taxlaw-6680	184	4	(	(	PUNCT
taxlaw-6680	184	5	bonus	bonus	NOUN
taxlaw-6680	184	6	first	first	ADJ
taxlaw-6680	184	7	year	year	NOUN
taxlaw-6680	184	8	depreciation	depreciation	NOUN
taxlaw-6680	184	9	)	)	PUNCT
taxlaw-6680	184	10	.	.	PUNCT
taxlaw-6680	185	1	both	both	DET
taxlaw-6680	185	2	rules	rule	NOUN
taxlaw-6680	185	3	potentially	potentially	ADV
taxlaw-6680	185	4	lead	lead	VERB
taxlaw-6680	185	5	to	to	ADP
taxlaw-6680	185	6	a	a	DET
taxlaw-6680	185	7	mismatch	mismatch	NOUN
taxlaw-6680	185	8	between	between	ADP
taxlaw-6680	185	9	tax	tax	NOUN
taxlaw-6680	185	10	deductions	deduction	NOUN
taxlaw-6680	185	11	and	and	CCONJ
taxlaw-6680	185	12	economic	economic	ADJ
taxlaw-6680	185	13	income	income	NOUN
taxlaw-6680	185	14	,	,	PUNCT
taxlaw-6680	185	15	and	and	CCONJ
taxlaw-6680	185	16	the	the	DET
taxlaw-6680	185	17	result	result	NOUN
taxlaw-6680	185	18	can	can	AUX
taxlaw-6680	185	19	be	be	AUX
taxlaw-6680	185	20	an	an	DET
taxlaw-6680	185	21	increase	increase	NOUN
taxlaw-6680	185	22	in	in	ADP
taxlaw-6680	185	23	expected	expect	VERB
taxlaw-6680	185	24	after	after	ADP
taxlaw-6680	185	25	-	-	PUNCT
taxlaw-6680	185	26	tax	tax	NOUN
taxlaw-6680	185	27	yield	yield	NOUN
taxlaw-6680	185	28	from	from	ADP
taxlaw-6680	185	29	the	the	DET
taxlaw-6680	185	30	property	property	NOUN
taxlaw-6680	185	31	given	give	VERB
taxlaw-6680	185	32	the	the	DET
taxlaw-6680	185	33	same	same	ADJ
taxlaw-6680	185	34	expected	expect	VERB
taxlaw-6680	185	35	pre	pre	ADJ
taxlaw-6680	185	36	-	-	ADJ
taxlaw-6680	185	37	tax	tax	ADJ
taxlaw-6680	185	38	yield	yield	NOUN
taxlaw-6680	185	39	.	.	PUNCT
taxlaw-6680	186	1	see	see	VERB
taxlaw-6680	186	2	michael	michael	PROPN
taxlaw-6680	186	3	j.	j.	PROPN
taxlaw-6680	186	4	graetz	graetz	PROPN
taxlaw-6680	186	5	,	,	PUNCT
taxlaw-6680	186	6	implementing	implement	VERB
taxlaw-6680	186	7	a	a	DET
taxlaw-6680	186	8	progressive	progressive	ADJ
taxlaw-6680	186	9	consumption	consumption	NOUN
taxlaw-6680	186	10	tax	tax	NOUN
taxlaw-6680	186	11	,	,	PUNCT
taxlaw-6680	186	12	92	92	NUM
taxlaw-6680	186	13	harv	harv	NOUN
taxlaw-6680	186	14	.	.	PUNCT
taxlaw-6680	187	1	l.	l.	PROPN
taxlaw-6680	187	2	rev	rev	PROPN
taxlaw-6680	187	3	.	.	PROPN
taxlaw-6680	187	4	1575	1575	NUM
taxlaw-6680	187	5	,	,	PUNCT
taxlaw-6680	187	6	1598	1598	NUM
taxlaw-6680	187	7	(	(	PUNCT
taxlaw-6680	187	8	1979	1979	NUM
taxlaw-6680	187	9	)	)	PUNCT
taxlaw-6680	187	10	(	(	PUNCT
taxlaw-6680	187	11	explaining	explain	VERB
taxlaw-6680	187	12	the	the	DET
taxlaw-6680	187	13	immediate	immediate	ADJ
taxlaw-6680	187	14	-	-	PUNCT
taxlaw-6680	187	15	deduction	deduction	NOUN
taxlaw-6680	187	16	/	/	SYM
taxlaw-6680	187	17	yield	yield	NOUN
taxlaw-6680	187	18	-	-	PUNCT
taxlaw-6680	187	19	exemption	exemption	NOUN
taxlaw-6680	187	20	equivalence	equivalence	NOUN
taxlaw-6680	187	21	)	)	PUNCT
taxlaw-6680	187	22	;	;	PUNCT
taxlaw-6680	187	23	michael	michael	PROPN
taxlaw-6680	187	24	j.	j.	PROPN
taxlaw-6680	187	25	graetz	graetz	PROPN
taxlaw-6680	187	26	,	,	PUNCT
taxlaw-6680	187	27	deborah	deborah	PROPN
taxlaw-6680	187	28	h.	h.	PROPN
taxlaw-6680	187	29	schenk	schenk	PROPN
taxlaw-6680	187	30	,	,	PUNCT
taxlaw-6680	187	31	anne	anne	PROPN
taxlaw-6680	187	32	l.	l.	PROPN
taxlaw-6680	187	33	alstott	alstott	PROPN
taxlaw-6680	187	34	,	,	PUNCT
taxlaw-6680	187	35	federal	federal	ADJ
taxlaw-6680	187	36	income	income	NOUN
taxlaw-6680	187	37	taxation	taxation	NOUN
taxlaw-6680	187	38	,	,	PUNCT
taxlaw-6680	187	39	principles	principle	NOUN
taxlaw-6680	187	40	and	and	CCONJ
taxlaw-6680	187	41	policies	policy	NOUN
taxlaw-6680	187	42	314	314	NUM
taxlaw-6680	187	43	-	-	SYM
taxlaw-6680	187	44	318	318	NUM
taxlaw-6680	187	45	(	(	PUNCT
taxlaw-6680	187	46	8th	8th	ADJ
taxlaw-6680	187	47	ed	ed	NOUN
taxlaw-6680	187	48	.	.	PROPN
taxlaw-6680	187	49	2018	2018	NUM
taxlaw-6680	187	50	)	)	PUNCT
taxlaw-6680	187	51	.	.	PUNCT
taxlaw-6680	188	1	22	22	NUM
taxlaw-6680	188	2	for	for	ADP
taxlaw-6680	188	3	the	the	DET
taxlaw-6680	188	4	rules	rule	NOUN
taxlaw-6680	188	5	governing	govern	VERB
taxlaw-6680	188	6	the	the	DET
taxlaw-6680	188	7	allocation	allocation	NOUN
taxlaw-6680	188	8	of	of	ADP
taxlaw-6680	188	9	nonrecourse	nonrecourse	NOUN
taxlaw-6680	188	10	deductions	deduction	NOUN
taxlaw-6680	188	11	and	and	CCONJ
taxlaw-6680	188	12	minimum	minimum	NOUN
taxlaw-6680	188	13	gain	gain	NOUN
taxlaw-6680	188	14	chargeback	chargeback	NOUN
taxlaw-6680	188	15	,	,	PUNCT
taxlaw-6680	188	16	see	see	VERB
taxlaw-6680	188	17	treas	treas	PROPN
taxlaw-6680	188	18	.	.	PUNCT
taxlaw-6680	189	1	reg	reg	PROPN
taxlaw-6680	189	2	.	.	PUNCT
taxlaw-6680	190	1	§	§	NOUN
taxlaw-6680	190	2	1.704	1.704	NUM
taxlaw-6680	190	3	-	-	SYM
taxlaw-6680	190	4	2(a	2(a	NUM
taxlaw-6680	190	5	)	)	PUNCT
taxlaw-6680	190	6	to	to	ADP
taxlaw-6680	190	7	(	(	PUNCT
taxlaw-6680	190	8	g	g	NOUN
taxlaw-6680	190	9	)	)	PUNCT
taxlaw-6680	190	10	.	.	PUNCT
taxlaw-6680	191	1	see	see	VERB
taxlaw-6680	191	2	also	also	ADV
taxlaw-6680	191	3	crane	crane	VERB
taxlaw-6680	192	1	v.	v.	ADP
taxlaw-6680	192	2	comm’r	comm’r	PROPN
taxlaw-6680	192	3	.	.	PROPN
taxlaw-6680	192	4	,	,	PUNCT
taxlaw-6680	192	5	331	331	NUM
taxlaw-6680	192	6	u.s	u.s	PROPN
taxlaw-6680	192	7	.	.	PROPN
taxlaw-6680	192	8	1	1	NUM
taxlaw-6680	192	9	(	(	PUNCT
taxlaw-6680	192	10	1947	1947	NUM
taxlaw-6680	192	11	)	)	PUNCT
taxlaw-6680	192	12	;	;	PUNCT
taxlaw-6680	192	13	comm’r	comm’r	ADJ
taxlaw-6680	192	14	.	.	PUNCT
taxlaw-6680	193	1	v.	v.	ADP
taxlaw-6680	193	2	tufts	tuft	NOUN
taxlaw-6680	193	3	,	,	PUNCT
taxlaw-6680	193	4	461	461	NUM
taxlaw-6680	193	5	u.s	u.s	PROPN
taxlaw-6680	193	6	.	.	PROPN
taxlaw-6680	193	7	300	300	NUM
taxlaw-6680	193	8	(	(	PUNCT
taxlaw-6680	193	9	1983	1983	NUM
taxlaw-6680	193	10	)	)	PUNCT
taxlaw-6680	193	11	(	(	PUNCT
taxlaw-6680	193	12	minimum	minimum	ADJ
taxlaw-6680	193	13	gain	gain	NOUN
taxlaw-6680	193	14	for	for	ADP
taxlaw-6680	193	15	the	the	DET
taxlaw-6680	193	16	difference	difference	NOUN
taxlaw-6680	193	17	between	between	ADP
taxlaw-6680	193	18	the	the	DET
taxlaw-6680	193	19	amount	amount	NOUN
taxlaw-6680	193	20	of	of	ADP
taxlaw-6680	193	21	nonrecourse	nonrecourse	NOUN
taxlaw-6680	193	22	debt	debt	NOUN
taxlaw-6680	193	23	secured	secure	VERB
taxlaw-6680	193	24	by	by	ADP
taxlaw-6680	193	25	a	a	DET
taxlaw-6680	193	26	property	property	NOUN
taxlaw-6680	193	27	and	and	CCONJ
taxlaw-6680	193	28	the	the	DET
taxlaw-6680	193	29	adjusted	adjusted	ADJ
taxlaw-6680	193	30	basis	basis	NOUN
taxlaw-6680	193	31	must	must	AUX
taxlaw-6680	193	32	be	be	AUX
taxlaw-6680	193	33	recognized	recognize	VERB
taxlaw-6680	193	34	in	in	ADP
taxlaw-6680	193	35	a	a	DET
taxlaw-6680	193	36	sale	sale	NOUN
taxlaw-6680	193	37	or	or	CCONJ
taxlaw-6680	193	38	exchange	exchange	NOUN
taxlaw-6680	193	39	,	,	PUNCT
taxlaw-6680	193	40	regardless	regardless	ADV
taxlaw-6680	193	41	of	of	ADP
taxlaw-6680	193	42	fair	fair	ADJ
taxlaw-6680	193	43	market	market	NOUN
taxlaw-6680	193	44	value	value	NOUN
taxlaw-6680	193	45	)	)	PUNCT
taxlaw-6680	193	46	;	;	PUNCT
taxlaw-6680	193	47	boris	boris	PROPN
taxlaw-6680	193	48	i.	i.	PROPN
taxlaw-6680	193	49	bittker	bittker	PROPN
taxlaw-6680	193	50	,	,	PUNCT
taxlaw-6680	193	51	tax	tax	NOUN
taxlaw-6680	193	52	shelters	shelter	NOUN
taxlaw-6680	193	53	,	,	PUNCT
taxlaw-6680	193	54	nonrecourse	nonrecourse	NOUN
taxlaw-6680	193	55	debt	debt	NOUN
taxlaw-6680	193	56	,	,	PUNCT
taxlaw-6680	193	57	and	and	CCONJ
taxlaw-6680	193	58	the	the	DET
taxlaw-6680	193	59	crane	crane	NOUN
taxlaw-6680	193	60	case	case	NOUN
taxlaw-6680	193	61	,	,	PUNCT
taxlaw-6680	193	62	33	33	NUM
taxlaw-6680	193	63	tax	tax	NOUN
taxlaw-6680	193	64	l.	l.	PROPN
taxlaw-6680	193	65	rev	rev	PROPN
taxlaw-6680	193	66	.	.	PROPN
taxlaw-6680	193	67	277	277	NUM
taxlaw-6680	193	68	,	,	PUNCT
taxlaw-6680	193	69	283	283	NUM
taxlaw-6680	193	70	(	(	PUNCT
taxlaw-6680	193	71	1978	1978	NUM
taxlaw-6680	193	72	)	)	PUNCT
taxlaw-6680	193	73	(	(	PUNCT
taxlaw-6680	193	74	“	"	PUNCT
taxlaw-6680	193	75	[	[	X
taxlaw-6680	193	76	c]rane	c]rane	VERB
taxlaw-6680	193	77	laid	lay	VERB
taxlaw-6680	193	78	the	the	DET
taxlaw-6680	193	79	foundation	foundation	NOUN
taxlaw-6680	193	80	stone	stone	NOUN
taxlaw-6680	193	81	of	of	ADP
taxlaw-6680	193	82	most	most	ADJ
taxlaw-6680	193	83	tax	tax	NOUN
taxlaw-6680	193	84	shelters	shelter	NOUN
taxlaw-6680	193	85	.	.	PUNCT
taxlaw-6680	193	86	.	.	PUNCT
taxlaw-6680	193	87	.	.	PUNCT
taxlaw-6680	193	88	.	.	PUNCT
taxlaw-6680	193	89	”	"	PUNCT
taxlaw-6680	193	90	)	)	PUNCT
taxlaw-6680	193	91	.	.	PUNCT
taxlaw-6680	194	1	[	[	X
taxlaw-6680	194	2	vol	vol	NOUN
taxlaw-6680	194	3	.	.	PROPN
taxlaw-6680	194	4	11:1	11:1	NUM
taxlaw-6680	194	5	columbia	columbia	PROPN
taxlaw-6680	194	6	journal	journal	PROPN
taxlaw-6680	194	7	of	of	ADP
taxlaw-6680	194	8	tax	tax	NOUN
taxlaw-6680	194	9	law	law	NOUN
taxlaw-6680	194	10	112	112	NUM
taxlaw-6680	194	11	positive	positive	ADJ
taxlaw-6680	194	12	in	in	ADP
taxlaw-6680	194	13	present	present	ADJ
taxlaw-6680	194	14	value	value	NOUN
taxlaw-6680	194	15	terms	term	NOUN
taxlaw-6680	194	16	.	.	PUNCT
taxlaw-6680	195	1	the	the	DET
taxlaw-6680	195	2	orrischs	orrisch	NOUN
taxlaw-6680	195	3	are	be	AUX
taxlaw-6680	195	4	entitled	entitle	VERB
taxlaw-6680	195	5	to	to	ADP
taxlaw-6680	195	6	a	a	DET
taxlaw-6680	195	7	depreciation	depreciation	NOUN
taxlaw-6680	195	8	deduction	deduction	NOUN
taxlaw-6680	195	9	of	of	ADP
taxlaw-6680	195	10	$	$	SYM
taxlaw-6680	195	11	145,000	145,000	NUM
taxlaw-6680	195	12	in	in	ADP
taxlaw-6680	195	13	the	the	DET
taxlaw-6680	195	14	year	year	NOUN
taxlaw-6680	195	15	of	of	ADP
taxlaw-6680	195	16	acquisition	acquisition	NOUN
taxlaw-6680	195	17	,	,	PUNCT
taxlaw-6680	195	18	and	and	CCONJ
taxlaw-6680	195	19	assuming	assume	VERB
taxlaw-6680	195	20	that	that	SCONJ
taxlaw-6680	195	21	the	the	DET
taxlaw-6680	195	22	property	property	NOUN
taxlaw-6680	195	23	is	be	AUX
taxlaw-6680	195	24	fully	fully	ADV
taxlaw-6680	195	25	deductible,23they	deductible,23they	PRON
taxlaw-6680	195	26	will	will	AUX
taxlaw-6680	195	27	have	have	VERB
taxlaw-6680	195	28	a	a	DET
taxlaw-6680	195	29	cash	cash	NOUN
taxlaw-6680	195	30	inflow	inflow	NOUN
taxlaw-6680	195	31	of	of	ADP
taxlaw-6680	195	32	$	$	SYM
taxlaw-6680	195	33	58,000	58,000	NUM
taxlaw-6680	195	34	;	;	PUNCT
taxlaw-6680	195	35	after	after	ADP
taxlaw-6680	195	36	five	five	NUM
taxlaw-6680	195	37	years	year	NOUN
taxlaw-6680	195	38	,	,	PUNCT
taxlaw-6680	195	39	the	the	DET
taxlaw-6680	195	40	orrischs	orrisch	NOUN
taxlaw-6680	195	41	will	will	AUX
taxlaw-6680	195	42	have	have	VERB
taxlaw-6680	195	43	a	a	DET
taxlaw-6680	195	44	cash	cash	NOUN
taxlaw-6680	195	45	outflow	outflow	NOUN
taxlaw-6680	195	46	of	of	ADP
taxlaw-6680	195	47	the	the	DET
taxlaw-6680	195	48	same	same	ADJ
taxlaw-6680	195	49	amount	amount	NOUN
taxlaw-6680	195	50	(	(	PUNCT
taxlaw-6680	195	51	assuming	assume	VERB
taxlaw-6680	195	52	the	the	DET
taxlaw-6680	195	53	same	same	ADJ
taxlaw-6680	195	54	tax	tax	NOUN
taxlaw-6680	195	55	rate	rate	NOUN
taxlaw-6680	195	56	)	)	PUNCT
taxlaw-6680	195	57	because	because	SCONJ
taxlaw-6680	195	58	of	of	ADP
taxlaw-6680	195	59	the	the	DET
taxlaw-6680	195	60	realization	realization	NOUN
taxlaw-6680	195	61	of	of	ADP
taxlaw-6680	195	62	minimum	minimum	ADJ
taxlaw-6680	195	63	gain	gain	NOUN
taxlaw-6680	195	64	.	.	PUNCT
taxlaw-6680	196	1	this	this	PRON
taxlaw-6680	196	2	is	be	AUX
taxlaw-6680	196	3	equivalent	equivalent	ADJ
taxlaw-6680	196	4	to	to	ADP
taxlaw-6680	196	5	taking	take	VERB
taxlaw-6680	196	6	out	out	ADP
taxlaw-6680	196	7	an	an	DET
taxlaw-6680	196	8	interest	interest	NOUN
taxlaw-6680	196	9	-	-	PUNCT
taxlaw-6680	196	10	free	free	ADJ
taxlaw-6680	196	11	loan	loan	NOUN
taxlaw-6680	196	12	from	from	ADP
taxlaw-6680	196	13	the	the	DET
taxlaw-6680	196	14	treasury	treasury	NOUN
taxlaw-6680	196	15	for	for	ADP
taxlaw-6680	196	16	five	five	NUM
taxlaw-6680	196	17	years	year	NOUN
taxlaw-6680	196	18	.	.	PUNCT
taxlaw-6680	197	1	assuming	assume	VERB
taxlaw-6680	197	2	an	an	DET
taxlaw-6680	197	3	annual	annual	ADJ
taxlaw-6680	197	4	discount	discount	NOUN
taxlaw-6680	197	5	rate	rate	NOUN
taxlaw-6680	197	6	of	of	ADP
taxlaw-6680	197	7	10	10	NUM
taxlaw-6680	197	8	%	%	NOUN
taxlaw-6680	197	9	,	,	PUNCT
taxlaw-6680	197	10	the	the	DET
taxlaw-6680	197	11	orrischs	orrisch	NOUN
taxlaw-6680	197	12	’	'	PUNCT
taxlaw-6680	197	13	after	after	ADP
taxlaw-6680	197	14	-	-	PUNCT
taxlaw-6680	197	15	tax	tax	NOUN
taxlaw-6680	197	16	payoff	payoff	NOUN
taxlaw-6680	197	17	is	be	AUX
taxlaw-6680	197	18	$	$	SYM
taxlaw-6680	197	19	21,987.24	21,987.24	NUM
taxlaw-6680	197	20	even	even	ADV
taxlaw-6680	197	21	worse	bad	ADJ
taxlaw-6680	197	22	,	,	PUNCT
taxlaw-6680	197	23	since	since	SCONJ
taxlaw-6680	197	24	the	the	DET
taxlaw-6680	197	25	orrischs	orrisch	NOUN
taxlaw-6680	197	26	have	have	AUX
taxlaw-6680	197	27	incurred	incur	VERB
taxlaw-6680	197	28	zero	zero	NUM
taxlaw-6680	197	29	after	after	ADP
taxlaw-6680	197	30	-	-	PUNCT
taxlaw-6680	197	31	tax	tax	NOUN
taxlaw-6680	197	32	cost	cost	NOUN
taxlaw-6680	197	33	in	in	ADP
taxlaw-6680	197	34	the	the	DET
taxlaw-6680	197	35	property	property	NOUN
taxlaw-6680	197	36	(	(	PUNCT
taxlaw-6680	197	37	entirely	entirely	ADV
taxlaw-6680	197	38	financed	finance	VERB
taxlaw-6680	197	39	by	by	ADP
taxlaw-6680	197	40	non	non	ADJ
taxlaw-6680	197	41	-	-	ADJ
taxlaw-6680	197	42	recourse	recourse	ADJ
taxlaw-6680	197	43	debt	debt	NOUN
taxlaw-6680	197	44	)	)	PUNCT
taxlaw-6680	197	45	,	,	PUNCT
taxlaw-6680	197	46	the	the	DET
taxlaw-6680	197	47	after	after	ADP
taxlaw-6680	197	48	-	-	PUNCT
taxlaw-6680	197	49	tax	tax	NOUN
taxlaw-6680	197	50	return	return	NOUN
taxlaw-6680	197	51	on	on	ADP
taxlaw-6680	197	52	investment	investment	NOUN
taxlaw-6680	197	53	is	be	AUX
taxlaw-6680	197	54	positive	positive	ADJ
taxlaw-6680	197	55	infinity.25	infinity.25	NOUN
taxlaw-6680	197	56	alternatively	alternatively	ADV
taxlaw-6680	197	57	,	,	PUNCT
taxlaw-6680	197	58	if	if	SCONJ
taxlaw-6680	197	59	a	a	DET
taxlaw-6680	197	60	court	court	NOUN
taxlaw-6680	197	61	rejects	reject	VERB
taxlaw-6680	197	62	the	the	DET
taxlaw-6680	197	63	special	special	ADJ
taxlaw-6680	197	64	allocation	allocation	NOUN
taxlaw-6680	197	65	and	and	CCONJ
taxlaw-6680	197	66	reallocates	reallocate	VERB
taxlaw-6680	197	67	the	the	DET
taxlaw-6680	197	68	excess	excess	ADJ
taxlaw-6680	197	69	depreciation	depreciation	NOUN
taxlaw-6680	197	70	50/50	50/50	NUM
taxlaw-6680	197	71	between	between	ADP
taxlaw-6680	197	72	the	the	DET
taxlaw-6680	197	73	orrischs	orrisch	NOUN
taxlaw-6680	197	74	and	and	CCONJ
taxlaw-6680	197	75	the	the	DET
taxlaw-6680	197	76	crisafis	crisafis	NOUN
taxlaw-6680	197	77	,	,	PUNCT
taxlaw-6680	197	78	as	as	SCONJ
taxlaw-6680	197	79	the	the	DET
taxlaw-6680	197	80	court	court	NOUN
taxlaw-6680	197	81	here	here	ADV
taxlaw-6680	197	82	correctly	correctly	ADV
taxlaw-6680	197	83	did	do	VERB
taxlaw-6680	197	84	,	,	PUNCT
taxlaw-6680	197	85	the	the	DET
taxlaw-6680	197	86	following	follow	VERB
taxlaw-6680	197	87	relation	relation	NOUN
taxlaw-6680	197	88	holds	hold	VERB
taxlaw-6680	197	89	:	:	PUNCT
taxlaw-6680	197	90	pmax(oc	pmax(oc	NOUN
taxlaw-6680	197	91	)	)	PUNCT
taxlaw-6680	197	92	–	–	PUNCT
taxlaw-6680	197	93	(	(	PUNCT
taxlaw-6680	197	94	100,000	100,000	NUM
taxlaw-6680	197	95	*	*	SYM
taxlaw-6680	197	96	0.6	0.6	NUM
taxlaw-6680	198	1	+	+	CCONJ
taxlaw-6680	199	1	0.6	0.6	NUM
taxlaw-6680	199	2	*	*	SYM
taxlaw-6680	199	3	5*$10,000	5*$10,000	NUM
taxlaw-6680	199	4	+	+	CCONJ
taxlaw-6680	199	5	0.4	0.4	NUM
taxlaw-6680	199	6	*	*	SYM
taxlaw-6680	199	7	0.5	0.5	NUM
taxlaw-6680	199	8	*	*	NOUN
taxlaw-6680	199	9	pmax(oc	pmax(oc	NOUN
taxlaw-6680	199	10	)	)	PUNCT
taxlaw-6680	199	11	)	)	PUNCT
taxlaw-6680	200	1	=	=	SYM
taxlaw-6680	200	2	0	0	X
taxlaw-6680	200	3	.	.	X
taxlaw-6680	200	4	solving	solve	VERB
taxlaw-6680	200	5	for	for	ADP
taxlaw-6680	200	6	pmax(oc)gives	pmax(oc)give	NOUN
taxlaw-6680	200	7	$	$	SYM
taxlaw-6680	200	8	112,500	112,500	NUM
taxlaw-6680	200	9	.	.	PUNCT
taxlaw-6680	201	1	since	since	SCONJ
taxlaw-6680	201	2	pmax(oc	pmax(oc	PROPN
taxlaw-6680	201	3	)	)	PUNCT
taxlaw-6680	201	4	is	be	AUX
taxlaw-6680	201	5	now	now	ADV
taxlaw-6680	201	6	smaller	small	ADJ
taxlaw-6680	201	7	than	than	ADP
taxlaw-6680	201	8	pmax(ab	pmax(ab	PROPN
taxlaw-6680	201	9	)	)	PUNCT
taxlaw-6680	201	10	,	,	PUNCT
taxlaw-6680	201	11	partnership	partnership	NOUN
taxlaw-6680	201	12	ab	ab	PROPN
taxlaw-6680	201	13	will	will	AUX
taxlaw-6680	201	14	outbid	outbid	VERB
taxlaw-6680	201	15	partnership	partnership	NOUN
taxlaw-6680	201	16	oc	oc	NOUN
taxlaw-6680	201	17	,	,	PUNCT
taxlaw-6680	201	18	and	and	CCONJ
taxlaw-6680	201	19	the	the	DET
taxlaw-6680	201	20	property	property	NOUN
taxlaw-6680	201	21	will	will	AUX
taxlaw-6680	201	22	go	go	VERB
taxlaw-6680	201	23	to	to	ADP
taxlaw-6680	201	24	the	the	DET
taxlaw-6680	201	25	party	party	NOUN
taxlaw-6680	201	26	that	that	PRON
taxlaw-6680	201	27	can	can	AUX
taxlaw-6680	201	28	use	use	VERB
taxlaw-6680	201	29	it	it	PRON
taxlaw-6680	201	30	more	more	ADV
taxlaw-6680	201	31	efficiently	efficiently	ADV
taxlaw-6680	201	32	.	.	PUNCT
taxlaw-6680	202	1	as	as	ADP
taxlaw-6680	202	2	the	the	DET
taxlaw-6680	202	3	two	two	NUM
taxlaw-6680	202	4	examples	example	NOUN
taxlaw-6680	202	5	show	show	NOUN
taxlaw-6680	202	6	,	,	PUNCT
taxlaw-6680	202	7	a	a	DET
taxlaw-6680	202	8	tax	tax	NOUN
taxlaw-6680	202	9	policy	policy	NOUN
taxlaw-6680	202	10	that	that	PRON
taxlaw-6680	202	11	allows	allow	VERB
taxlaw-6680	202	12	unconstrained	unconstrained	ADJ
taxlaw-6680	202	13	partnership	partnership	NOUN
taxlaw-6680	202	14	allocations	allocation	NOUN
taxlaw-6680	202	15	solely	solely	ADV
taxlaw-6680	202	16	for	for	ADP
taxlaw-6680	202	17	tax	tax	NOUN
taxlaw-6680	202	18	purposes	purpose	NOUN
taxlaw-6680	202	19	severs	sever	VERB
taxlaw-6680	202	20	the	the	DET
taxlaw-6680	202	21	connection	connection	NOUN
taxlaw-6680	202	22	between	between	ADP
taxlaw-6680	202	23	pre	pre	NOUN
taxlaw-6680	202	24	-	-	NOUN
taxlaw-6680	202	25	tax	tax	NOUN
taxlaw-6680	202	26	and	and	CCONJ
taxlaw-6680	202	27	after	after	ADP
taxlaw-6680	202	28	-	-	PUNCT
taxlaw-6680	202	29	tax	tax	NOUN
taxlaw-6680	202	30	payoffs	payoff	NOUN
taxlaw-6680	202	31	.	.	PUNCT
taxlaw-6680	203	1	therefore	therefore	ADV
taxlaw-6680	203	2	,	,	PUNCT
taxlaw-6680	203	3	such	such	DET
taxlaw-6680	203	4	a	a	DET
taxlaw-6680	203	5	policy	policy	NOUN
taxlaw-6680	203	6	undermines	undermine	VERB
taxlaw-6680	203	7	the	the	DET
taxlaw-6680	203	8	socially	socially	ADV
taxlaw-6680	203	9	beneficial	beneficial	ADJ
taxlaw-6680	203	10	incentives	incentive	NOUN
taxlaw-6680	203	11	to	to	PART
taxlaw-6680	203	12	maximize	maximize	VERB
taxlaw-6680	203	13	after	after	ADP
taxlaw-6680	203	14	-	-	PUNCT
taxlaw-6680	203	15	tax	tax	NOUN
taxlaw-6680	203	16	payoffs	payoff	NOUN
taxlaw-6680	203	17	through	through	ADP
taxlaw-6680	203	18	the	the	DET
taxlaw-6680	203	19	maximization	maximization	NOUN
taxlaw-6680	203	20	of	of	ADP
taxlaw-6680	203	21	pre	pre	ADJ
taxlaw-6680	203	22	-	-	ADJ
taxlaw-6680	203	23	tax	tax	ADJ
taxlaw-6680	203	24	payoffs	payoff	NOUN
taxlaw-6680	203	25	.	.	PUNCT
taxlaw-6680	204	1	such	such	DET
taxlaw-6680	204	2	a	a	DET
taxlaw-6680	204	3	tax	tax	NOUN
taxlaw-6680	204	4	policy	policy	NOUN
taxlaw-6680	204	5	is	be	AUX
taxlaw-6680	204	6	thus	thus	ADV
taxlaw-6680	204	7	arbitrary	arbitrary	ADJ
taxlaw-6680	204	8	as	as	SCONJ
taxlaw-6680	204	9	defined	define	VERB
taxlaw-6680	204	10	in	in	ADP
taxlaw-6680	204	11	part	part	NOUN
taxlaw-6680	204	12	i.	i.	NOUN
taxlaw-6680	204	13	if	if	SCONJ
taxlaw-6680	204	14	a	a	DET
taxlaw-6680	204	15	taxpayer	taxpayer	NOUN
taxlaw-6680	204	16	can	can	AUX
taxlaw-6680	204	17	consistently	consistently	ADV
taxlaw-6680	204	18	and	and	CCONJ
taxlaw-6680	204	19	predictably	predictably	ADV
taxlaw-6680	204	20	increase	increase	VERB
taxlaw-6680	204	21	expected	expect	VERB
taxlaw-6680	204	22	after	after	ADP
taxlaw-6680	204	23	-	-	PUNCT
taxlaw-6680	204	24	tax	tax	NOUN
taxlaw-6680	204	25	payoffs	payoff	NOUN
taxlaw-6680	204	26	given	give	VERB
taxlaw-6680	204	27	the	the	DET
taxlaw-6680	204	28	same	same	ADJ
taxlaw-6680	204	29	or	or	CCONJ
taxlaw-6680	204	30	even	even	ADV
taxlaw-6680	204	31	lower	lower	ADV
taxlaw-6680	204	32	expected	expected	ADJ
taxlaw-6680	204	33	pre	pre	ADJ
taxlaw-6680	204	34	-	-	ADJ
taxlaw-6680	204	35	tax	tax	ADJ
taxlaw-6680	204	36	payoffs	payoff	NOUN
taxlaw-6680	204	37	,	,	PUNCT
taxlaw-6680	204	38	the	the	DET
taxlaw-6680	204	39	consequence	consequence	NOUN
taxlaw-6680	204	40	is	be	AUX
taxlaw-6680	204	41	an	an	DET
taxlaw-6680	204	42	unintended	unintended	ADJ
taxlaw-6680	204	43	subsidy	subsidy	NOUN
taxlaw-6680	204	44	to	to	ADP
taxlaw-6680	204	45	inefficient	inefficient	ADJ
taxlaw-6680	204	46	businesses	business	NOUN
taxlaw-6680	204	47	,	,	PUNCT
taxlaw-6680	204	48	as	as	ADV
taxlaw-6680	204	49	well	well	ADV
taxlaw-6680	204	50	as	as	ADP
taxlaw-6680	204	51	increased	increase	VERB
taxlaw-6680	204	52	inefficiency	inefficiency	NOUN
taxlaw-6680	204	53	in	in	ADP
taxlaw-6680	204	54	capital	capital	NOUN
taxlaw-6680	204	55	markets	market	NOUN
taxlaw-6680	204	56	.	.	PUNCT
taxlaw-6680	205	1	d.	d.	PROPN
taxlaw-6680	205	2	allocation	allocation	NOUN
taxlaw-6680	205	3	of	of	ADP
taxlaw-6680	205	4	nonrecourse	nonrecourse	NOUN
taxlaw-6680	205	5	deductions	deduction	NOUN
taxlaw-6680	205	6	and	and	CCONJ
taxlaw-6680	205	7	the	the	DET
taxlaw-6680	205	8	treasury	treasury	NOUN
taxlaw-6680	205	9	’s	’s	PART
taxlaw-6680	205	10	solution	solution	NOUN
taxlaw-6680	205	11	the	the	DET
taxlaw-6680	205	12	orrisch	orrisch	NOUN
taxlaw-6680	205	13	and	and	CCONJ
taxlaw-6680	205	14	tufts	tuft	NOUN
taxlaw-6680	205	15	doctrines	doctrine	NOUN
taxlaw-6680	205	16	suggest	suggest	VERB
taxlaw-6680	205	17	that	that	SCONJ
taxlaw-6680	205	18	any	any	DET
taxlaw-6680	205	19	allocation	allocation	NOUN
taxlaw-6680	205	20	of	of	ADP
taxlaw-6680	205	21	partnership	partnership	NOUN
taxlaw-6680	205	22	nonrecourse	nonrecourse	NOUN
taxlaw-6680	205	23	deductions	deduction	NOUN
taxlaw-6680	205	24	should	should	AUX
taxlaw-6680	205	25	not	not	PART
taxlaw-6680	205	26	be	be	AUX
taxlaw-6680	205	27	respected	respect	VERB
taxlaw-6680	205	28	for	for	ADP
taxlaw-6680	205	29	tax	tax	NOUN
taxlaw-6680	205	30	purposes	purpose	NOUN
taxlaw-6680	205	31	since	since	SCONJ
taxlaw-6680	205	32	by	by	ADP
taxlaw-6680	205	33	definition	definition	NOUN
taxlaw-6680	205	34	it	it	PRON
taxlaw-6680	205	35	mismatches	mismatch	VERB
taxlaw-6680	205	36	tax	tax	NOUN
taxlaw-6680	205	37	and	and	CCONJ
taxlaw-6680	205	38	economics.26	economics.26	ADJ
taxlaw-6680	205	39	a	a	DET
taxlaw-6680	205	40	nonrecourse	nonrecourse	NOUN
taxlaw-6680	205	41	deduction	deduction	NOUN
taxlaw-6680	205	42	is	be	AUX
taxlaw-6680	205	43	generally	generally	ADV
taxlaw-6680	205	44	a	a	DET
taxlaw-6680	205	45	deduction	deduction	NOUN
taxlaw-6680	205	46	attributable	attributable	ADJ
taxlaw-6680	205	47	to	to	ADP
taxlaw-6680	205	48	nonrecourse	nonrecourse	NOUN
taxlaw-6680	205	49	financing	financing	NOUN
taxlaw-6680	205	50	,	,	PUNCT
taxlaw-6680	205	51	such	such	ADJ
taxlaw-6680	205	52	as	as	ADP
taxlaw-6680	205	53	a	a	DET
taxlaw-6680	205	54	depreciation	depreciation	NOUN
taxlaw-6680	205	55	deduction	deduction	NOUN
taxlaw-6680	205	56	from	from	ADP
taxlaw-6680	205	57	basis	basis	NOUN
taxlaw-6680	205	58	obtained	obtain	VERB
taxlaw-6680	205	59	through	through	ADP
taxlaw-6680	205	60	nonrecourse	nonrecourse	NOUN
taxlaw-6680	205	61	acquisition	acquisition	NOUN
taxlaw-6680	205	62	mortgage	mortgage	NOUN
taxlaw-6680	205	63	debt.27	debt.27	VERB
taxlaw-6680	205	64	the	the	DET
taxlaw-6680	205	65	creditors	creditor	NOUN
taxlaw-6680	205	66	,	,	PUNCT
taxlaw-6680	205	67	not	not	PART
taxlaw-6680	205	68	the	the	DET
taxlaw-6680	205	69	taxpayer	taxpayer	NOUN
taxlaw-6680	205	70	,	,	PUNCT
taxlaw-6680	205	71	assume	assume	VERB
taxlaw-6680	205	72	the	the	DET
taxlaw-6680	205	73	economic	economic	ADJ
taxlaw-6680	205	74	burden	burden	NOUN
taxlaw-6680	205	75	of	of	ADP
taxlaw-6680	205	76	a	a	DET
taxlaw-6680	205	77	nonrecourse	nonrecourse	NOUN
taxlaw-6680	205	78	deduction	deduction	NOUN
taxlaw-6680	205	79	.	.	PUNCT
taxlaw-6680	206	1	28	28	NUM
taxlaw-6680	206	2	similarly	similarly	ADV
taxlaw-6680	206	3	,	,	PUNCT
taxlaw-6680	206	4	an	an	DET
taxlaw-6680	206	5	allocation	allocation	NOUN
taxlaw-6680	206	6	of	of	ADP
taxlaw-6680	206	7	gain	gain	NOUN
taxlaw-6680	206	8	attributable	attributable	ADJ
taxlaw-6680	206	9	to	to	ADP
taxlaw-6680	206	10	a	a	DET
taxlaw-6680	206	11	decrease	decrease	NOUN
taxlaw-6680	206	12	in	in	ADP
taxlaw-6680	206	13	partnership	partnership	NOUN
taxlaw-6680	206	14	minimum	minimum	NOUN
taxlaw-6680	206	15	gain	gain	NOUN
taxlaw-6680	206	16	(	(	PUNCT
taxlaw-6680	206	17	or	or	CCONJ
taxlaw-6680	206	18	tufts	tuft	VERB
taxlaw-6680	206	19	minimum	minimum	ADJ
taxlaw-6680	206	20	gain	gain	NOUN
taxlaw-6680	206	21	at	at	ADP
taxlaw-6680	206	22	the	the	DET
taxlaw-6680	206	23	partnership	partnership	NOUN
taxlaw-6680	206	24	level	level	NOUN
taxlaw-6680	206	25	)	)	PUNCT
taxlaw-6680	206	26	for	for	ADP
taxlaw-6680	206	27	tax	tax	NOUN
taxlaw-6680	206	28	purposes	purpose	NOUN
taxlaw-6680	206	29	is	be	AUX
taxlaw-6680	206	30	23	23	NUM
taxlaw-6680	206	31	the	the	DET
taxlaw-6680	206	32	deduction	deduction	NOUN
taxlaw-6680	206	33	may	may	AUX
taxlaw-6680	206	34	be	be	AUX
taxlaw-6680	206	35	limited	limit	VERB
taxlaw-6680	206	36	by	by	ADP
taxlaw-6680	206	37	the	the	DET
taxlaw-6680	206	38	“	"	PUNCT
taxlaw-6680	206	39	at	at	ADP
taxlaw-6680	206	40	-	-	PUNCT
taxlaw-6680	206	41	risk	risk	NOUN
taxlaw-6680	206	42	”	"	PUNCT
taxlaw-6680	206	43	rule	rule	NOUN
taxlaw-6680	206	44	.	.	PUNCT
taxlaw-6680	207	1	see	see	VERB
taxlaw-6680	207	2	i.r.c	i.r.c	NOUN
taxlaw-6680	207	3	.	.	PUNCT
taxlaw-6680	208	1	§	§	PROPN
taxlaw-6680	208	2	465	465	NUM
taxlaw-6680	208	3	.	.	PUNCT
taxlaw-6680	208	4	24	24	NUM
taxlaw-6680	208	5	the	the	DET
taxlaw-6680	208	6	number	number	NOUN
taxlaw-6680	208	7	is	be	AUX
taxlaw-6680	208	8	calculated	calculate	VERB
taxlaw-6680	208	9	as	as	ADP
taxlaw-6680	208	10	the	the	DET
taxlaw-6680	208	11	cash	cash	NOUN
taxlaw-6680	208	12	inflow	inflow	NOUN
taxlaw-6680	208	13	today	today	NOUN
taxlaw-6680	208	14	less	less	ADV
taxlaw-6680	208	15	the	the	DET
taxlaw-6680	208	16	present	present	ADJ
taxlaw-6680	208	17	value	value	NOUN
taxlaw-6680	208	18	of	of	ADP
taxlaw-6680	208	19	the	the	DET
taxlaw-6680	208	20	cash	cash	NOUN
taxlaw-6680	208	21	outflow	outflow	NOUN
taxlaw-6680	208	22	in	in	ADP
taxlaw-6680	208	23	five	five	NUM
taxlaw-6680	208	24	years	year	NOUN
taxlaw-6680	208	25	:	:	PUNCT
taxlaw-6680	208	26	$	$	SYM
taxlaw-6680	208	27	58,000	58,000	NUM
taxlaw-6680	208	28	–	–	PUNCT
taxlaw-6680	208	29	$	$	SYM
taxlaw-6680	208	30	58,000/(1	58,000/(1	NUM
taxlaw-6680	208	31	+	+	NOUN
taxlaw-6680	208	32	0.1)^5	0.1)^5	NOUN
taxlaw-6680	208	33	.	.	PUNCT
taxlaw-6680	209	1	25	25	NUM
taxlaw-6680	209	2	see	see	VERB
taxlaw-6680	209	3	,	,	PUNCT
taxlaw-6680	209	4	e.g.	e.g.	ADV
taxlaw-6680	209	5	,graetz	,graetz	PUNCT
taxlaw-6680	209	6	,	,	PUNCT
taxlaw-6680	209	7	schenk	schenk	PROPN
taxlaw-6680	209	8	&	&	CCONJ
taxlaw-6680	209	9	alstott	alstott	PROPN
taxlaw-6680	209	10	,	,	PUNCT
taxlaw-6680	209	11	supra	supra	PROPN
taxlaw-6680	209	12	note	note	PROPN
taxlaw-6680	209	13	21	21	NUM
taxlaw-6680	209	14	,	,	PUNCT
taxlaw-6680	209	15	at	at	ADP
taxlaw-6680	209	16	310	310	NUM
taxlaw-6680	209	17	-	-	SYM
taxlaw-6680	209	18	311	311	NUM
taxlaw-6680	209	19	,	,	PUNCT
taxlaw-6680	209	20	364	364	NUM
taxlaw-6680	209	21	(	(	PUNCT
taxlaw-6680	209	22	discussing	discuss	VERB
taxlaw-6680	209	23	tax	tax	NOUN
taxlaw-6680	209	24	arbitrage	arbitrage	NOUN
taxlaw-6680	209	25	opportunities	opportunity	NOUN
taxlaw-6680	209	26	where	where	SCONJ
taxlaw-6680	209	27	the	the	DET
taxlaw-6680	209	28	code	code	NOUN
taxlaw-6680	209	29	allows	allow	VERB
taxlaw-6680	209	30	immediate	immediate	ADJ
taxlaw-6680	209	31	expensing	expensing	NOUN
taxlaw-6680	209	32	of	of	ADP
taxlaw-6680	209	33	the	the	DET
taxlaw-6680	209	34	cost	cost	NOUN
taxlaw-6680	209	35	of	of	ADP
taxlaw-6680	209	36	assets	asset	NOUN
taxlaw-6680	209	37	)	)	PUNCT
taxlaw-6680	209	38	.	.	PUNCT
taxlaw-6680	210	1	as	as	ADP
taxlaw-6680	210	2	an	an	DET
taxlaw-6680	210	3	example	example	NOUN
taxlaw-6680	210	4	of	of	ADP
taxlaw-6680	210	5	such	such	ADJ
taxlaw-6680	210	6	tax	tax	NOUN
taxlaw-6680	210	7	arbitrage	arbitrage	NOUN
taxlaw-6680	210	8	,	,	PUNCT
taxlaw-6680	210	9	assuming	assume	VERB
taxlaw-6680	210	10	a	a	DET
taxlaw-6680	210	11	taxpayer	taxpayer	NOUN
taxlaw-6680	210	12	in	in	ADP
taxlaw-6680	210	13	the	the	DET
taxlaw-6680	210	14	40	40	NUM
taxlaw-6680	210	15	%	%	NOUN
taxlaw-6680	210	16	bracket	bracket	NOUN
taxlaw-6680	210	17	borrows	borrow	VERB
taxlaw-6680	210	18	at	at	ADP
taxlaw-6680	210	19	5	5	NUM
taxlaw-6680	210	20	%	%	NOUN
taxlaw-6680	210	21	annually	annually	ADV
taxlaw-6680	210	22	(	(	PUNCT
taxlaw-6680	210	23	economically	economically	ADV
taxlaw-6680	210	24	equivalent	equivalent	ADJ
taxlaw-6680	210	25	to	to	ADP
taxlaw-6680	210	26	short	short	NOUN
taxlaw-6680	210	27	-	-	PUNCT
taxlaw-6680	210	28	selling	sell	VERB
taxlaw-6680	210	29	a	a	DET
taxlaw-6680	210	30	5	5	NUM
taxlaw-6680	210	31	%	%	NOUN
taxlaw-6680	210	32	bond	bond	NOUN
taxlaw-6680	210	33	)	)	PUNCT
taxlaw-6680	210	34	and	and	CCONJ
taxlaw-6680	210	35	buys	buy	VERB
taxlaw-6680	210	36	an	an	DET
taxlaw-6680	210	37	asset	asset	NOUN
taxlaw-6680	210	38	of	of	ADP
taxlaw-6680	210	39	the	the	DET
taxlaw-6680	210	40	same	same	ADJ
taxlaw-6680	210	41	risk	risk	NOUN
taxlaw-6680	210	42	which	which	PRON
taxlaw-6680	210	43	generates	generate	VERB
taxlaw-6680	210	44	a	a	DET
taxlaw-6680	210	45	5	5	NUM
taxlaw-6680	210	46	%	%	NOUN
taxlaw-6680	210	47	annual	annual	ADJ
taxlaw-6680	210	48	return	return	NOUN
taxlaw-6680	210	49	.	.	PUNCT
taxlaw-6680	211	1	if	if	SCONJ
taxlaw-6680	211	2	the	the	DET
taxlaw-6680	211	3	interest	interest	NOUN
taxlaw-6680	211	4	expense	expense	NOUN
taxlaw-6680	211	5	is	be	AUX
taxlaw-6680	211	6	fully	fully	ADV
taxlaw-6680	211	7	deductible	deductible	ADJ
taxlaw-6680	211	8	and	and	CCONJ
taxlaw-6680	211	9	no	no	DET
taxlaw-6680	211	10	immediate	immediate	ADJ
taxlaw-6680	211	11	expensing	expensing	NOUN
taxlaw-6680	211	12	is	be	AUX
taxlaw-6680	211	13	allowed	allow	VERB
taxlaw-6680	211	14	on	on	ADP
taxlaw-6680	211	15	the	the	DET
taxlaw-6680	211	16	asset	asset	NOUN
taxlaw-6680	211	17	,	,	PUNCT
taxlaw-6680	211	18	both	both	CCONJ
taxlaw-6680	211	19	the	the	DET
taxlaw-6680	211	20	pre	pre	ADJ
taxlaw-6680	211	21	-	-	ADJ
taxlaw-6680	211	22	tax	tax	ADJ
taxlaw-6680	211	23	return	return	NOUN
taxlaw-6680	211	24	and	and	CCONJ
taxlaw-6680	211	25	after	after	ADP
taxlaw-6680	211	26	-	-	PUNCT
taxlaw-6680	211	27	tax	tax	NOUN
taxlaw-6680	211	28	return	return	NOUN
taxlaw-6680	211	29	are	be	AUX
taxlaw-6680	211	30	zero	zero	NUM
taxlaw-6680	211	31	.	.	PUNCT
taxlaw-6680	212	1	however	however	ADV
taxlaw-6680	212	2	,	,	PUNCT
taxlaw-6680	212	3	if	if	SCONJ
taxlaw-6680	212	4	immediate	immediate	ADJ
taxlaw-6680	212	5	expensing	expensing	NOUN
taxlaw-6680	212	6	is	be	AUX
taxlaw-6680	212	7	allowed	allow	VERB
taxlaw-6680	212	8	,	,	PUNCT
taxlaw-6680	212	9	the	the	DET
taxlaw-6680	212	10	taxpayer	taxpayer	NOUN
taxlaw-6680	212	11	’s	’s	PART
taxlaw-6680	212	12	cost	cost	NOUN
taxlaw-6680	212	13	of	of	ADP
taxlaw-6680	212	14	borrowing	borrowing	NOUN
taxlaw-6680	212	15	would	would	AUX
taxlaw-6680	212	16	be	be	AUX
taxlaw-6680	212	17	4	4	NUM
taxlaw-6680	212	18	%	%	NOUN
taxlaw-6680	212	19	but	but	CCONJ
taxlaw-6680	212	20	the	the	DET
taxlaw-6680	212	21	after	after	ADP
taxlaw-6680	212	22	-	-	PUNCT
taxlaw-6680	212	23	tax	tax	NOUN
taxlaw-6680	212	24	yield	yield	NOUN
taxlaw-6680	212	25	on	on	ADP
taxlaw-6680	212	26	the	the	DET
taxlaw-6680	212	27	asset	asset	NOUN
taxlaw-6680	212	28	would	would	AUX
taxlaw-6680	212	29	be	be	AUX
taxlaw-6680	212	30	5	5	NUM
taxlaw-6680	212	31	%	%	NOUN
taxlaw-6680	212	32	due	due	ADP
taxlaw-6680	212	33	to	to	ADP
taxlaw-6680	212	34	the	the	DET
taxlaw-6680	212	35	immediate	immediate	ADJ
taxlaw-6680	212	36	-	-	PUNCT
taxlaw-6680	212	37	deduction	deduction	NOUN
taxlaw-6680	212	38	/	/	SYM
taxlaw-6680	212	39	yield	yield	NOUN
taxlaw-6680	212	40	-	-	PUNCT
taxlaw-6680	212	41	exemption	exemption	NOUN
taxlaw-6680	212	42	equivalence	equivalence	NOUN
taxlaw-6680	212	43	.	.	PUNCT
taxlaw-6680	213	1	see	see	VERB
taxlaw-6680	213	2	graetz	graetz	PROPN
taxlaw-6680	213	3	,	,	PUNCT
taxlaw-6680	213	4	schenk	schenk	PROPN
taxlaw-6680	213	5	&	&	CCONJ
taxlaw-6680	213	6	alstott	alstott	PROPN
taxlaw-6680	213	7	,	,	PUNCT
taxlaw-6680	213	8	supra	supra	PROPN
taxlaw-6680	213	9	note	note	NOUN
taxlaw-6680	213	10	21	21	NUM
taxlaw-6680	213	11	.	.	PUNCT
taxlaw-6680	214	1	therefore	therefore	ADV
taxlaw-6680	214	2	,	,	PUNCT
taxlaw-6680	214	3	the	the	DET
taxlaw-6680	214	4	taxpayer	taxpayer	NOUN
taxlaw-6680	214	5	can	can	AUX
taxlaw-6680	214	6	arbitrage	arbitrage	VERB
taxlaw-6680	214	7	the	the	DET
taxlaw-6680	214	8	1	1	NUM
taxlaw-6680	214	9	%	%	NOUN
taxlaw-6680	214	10	difference	difference	NOUN
taxlaw-6680	214	11	by	by	ADP
taxlaw-6680	214	12	engaging	engage	VERB
taxlaw-6680	214	13	in	in	ADP
taxlaw-6680	214	14	the	the	DET
taxlaw-6680	214	15	transaction	transaction	NOUN
taxlaw-6680	214	16	.	.	PUNCT
taxlaw-6680	215	1	26	26	NUM
taxlaw-6680	215	2	this	this	DET
taxlaw-6680	215	3	observation	observation	NOUN
taxlaw-6680	215	4	is	be	AUX
taxlaw-6680	215	5	also	also	ADV
taxlaw-6680	215	6	supported	support	VERB
taxlaw-6680	215	7	by	by	ADP
taxlaw-6680	215	8	current	current	ADJ
taxlaw-6680	215	9	regulations	regulation	NOUN
taxlaw-6680	215	10	.	.	PUNCT
taxlaw-6680	216	1	see	see	VERB
taxlaw-6680	216	2	treas	treas	PROPN
taxlaw-6680	216	3	.	.	PUNCT
taxlaw-6680	217	1	reg	reg	PROPN
taxlaw-6680	217	2	.	.	PUNCT
taxlaw-6680	218	1	§	§	PROPN
taxlaw-6680	218	2	1.704	1.704	NUM
taxlaw-6680	218	3	-	-	NUM
taxlaw-6680	218	4	2(b)(1	2(b)(1	NUM
taxlaw-6680	218	5	)	)	PUNCT
taxlaw-6680	218	6	(	(	PUNCT
taxlaw-6680	218	7	“	"	PUNCT
taxlaw-6680	218	8	allocations	allocation	NOUN
taxlaw-6680	218	9	of	of	ADP
taxlaw-6680	218	10	.	.	PUNCT
taxlaw-6680	218	11	.	.	PUNCT
taxlaw-6680	218	12	.	.	PUNCT
taxlaw-6680	219	1	(	(	PUNCT
taxlaw-6680	219	2	“	"	PUNCT
taxlaw-6680	219	3	nonrecourse	nonrecourse	NOUN
taxlaw-6680	219	4	deductions	deduction	NOUN
taxlaw-6680	219	5	”	"	PUNCT
taxlaw-6680	219	6	)	)	PUNCT
taxlaw-6680	219	7	can	can	AUX
taxlaw-6680	219	8	not	not	PART
taxlaw-6680	219	9	have	have	VERB
taxlaw-6680	219	10	economic	economic	ADJ
taxlaw-6680	219	11	effect	effect	NOUN
taxlaw-6680	219	12	because	because	SCONJ
taxlaw-6680	219	13	the	the	DET
taxlaw-6680	219	14	creditor	creditor	NOUN
taxlaw-6680	219	15	alone	alone	ADV
taxlaw-6680	219	16	bears	bear	VERB
taxlaw-6680	219	17	any	any	DET
taxlaw-6680	219	18	economic	economic	ADJ
taxlaw-6680	219	19	burden	burden	NOUN
taxlaw-6680	219	20	that	that	PRON
taxlaw-6680	219	21	corresponds	correspond	VERB
taxlaw-6680	219	22	to	to	ADP
taxlaw-6680	219	23	those	those	DET
taxlaw-6680	219	24	allocations	allocation	NOUN
taxlaw-6680	219	25	.	.	PUNCT
taxlaw-6680	219	26	”	"	PUNCT
taxlaw-6680	219	27	)	)	PUNCT
taxlaw-6680	219	28	.	.	PUNCT
taxlaw-6680	220	1	27	27	NUM
taxlaw-6680	220	2	for	for	ADP
taxlaw-6680	220	3	the	the	DET
taxlaw-6680	220	4	definition	definition	NOUN
taxlaw-6680	220	5	of	of	ADP
taxlaw-6680	220	6	nonrecourse	nonrecourse	NOUN
taxlaw-6680	220	7	deductions	deduction	NOUN
taxlaw-6680	220	8	,	,	PUNCT
taxlaw-6680	220	9	see	see	VERB
taxlaw-6680	220	10	treas	treas	PROPN
taxlaw-6680	220	11	.	.	PUNCT
taxlaw-6680	221	1	reg	reg	PROPN
taxlaw-6680	221	2	.	.	PUNCT
taxlaw-6680	222	1	§	§	PROPN
taxlaw-6680	222	2	1.704	1.704	NUM
taxlaw-6680	222	3	-	-	NUM
taxlaw-6680	222	4	2(c	2(c	NUM
taxlaw-6680	222	5	)	)	PUNCT
taxlaw-6680	222	6	.	.	PUNCT
taxlaw-6680	223	1	28	28	NUM
taxlaw-6680	223	2	see	see	VERB
taxlaw-6680	223	3	treas	treas	PROPN
taxlaw-6680	223	4	.	.	PUNCT
taxlaw-6680	224	1	reg	reg	PROPN
taxlaw-6680	224	2	.	.	PUNCT
taxlaw-6680	225	1	§	§	PROPN
taxlaw-6680	225	2	1.704	1.704	NUM
taxlaw-6680	225	3	-	-	NUM
taxlaw-6680	225	4	2(b)(1	2(b)(1	NUM
taxlaw-6680	225	5	)	)	PUNCT
taxlaw-6680	225	6	.	.	PUNCT
taxlaw-6680	226	1	2019	2019	NUM
taxlaw-6680	226	2	]	]	PUNCT
taxlaw-6680	226	3	a	a	DET
taxlaw-6680	226	4	gain	gain	NOUN
taxlaw-6680	226	5	must	must	AUX
taxlaw-6680	226	6	lie	lie	VERB
taxlaw-6680	226	7	where	where	SCONJ
taxlaw-6680	226	8	it	it	PRON
taxlaw-6680	226	9	falls	fall	VERB
taxlaw-6680	226	10	:	:	PUNCT
taxlaw-6680	226	11	matching	match	VERB
taxlaw-6680	226	12	tax	tax	NOUN
taxlaw-6680	226	13	with	with	ADP
taxlaw-6680	226	14	economics	economic	NOUN
taxlaw-6680	226	15	in	in	ADP
taxlaw-6680	226	16	subchapter	subchapter	NOUN
taxlaw-6680	226	17	k	k	PROPN
taxlaw-6680	226	18	113	113	NUM
taxlaw-6680	226	19	always	always	ADV
taxlaw-6680	226	20	mismatched	mismatch	VERB
taxlaw-6680	226	21	with	with	ADP
taxlaw-6680	226	22	economics	economic	NOUN
taxlaw-6680	226	23	since	since	SCONJ
taxlaw-6680	226	24	the	the	DET
taxlaw-6680	226	25	partners	partner	NOUN
taxlaw-6680	226	26	are	be	AUX
taxlaw-6680	226	27	relieved	relieve	VERB
taxlaw-6680	226	28	from	from	ADP
taxlaw-6680	226	29	an	an	DET
taxlaw-6680	226	30	economic	economic	ADJ
taxlaw-6680	226	31	burden	burden	NOUN
taxlaw-6680	226	32	that	that	PRON
taxlaw-6680	226	33	does	do	AUX
taxlaw-6680	226	34	n’t	not	PART
taxlaw-6680	226	35	exist	exist	VERB
taxlaw-6680	226	36	in	in	ADP
taxlaw-6680	226	37	the	the	DET
taxlaw-6680	226	38	first	first	ADJ
taxlaw-6680	226	39	place	place	NOUN
taxlaw-6680	226	40	(	(	PUNCT
taxlaw-6680	226	41	e.g.	e.g.	ADV
taxlaw-6680	226	42	when	when	SCONJ
taxlaw-6680	226	43	the	the	DET
taxlaw-6680	226	44	encumbered	encumbered	ADJ
taxlaw-6680	226	45	property	property	NOUN
taxlaw-6680	226	46	is	be	AUX
taxlaw-6680	226	47	surrendered	surrender	VERB
taxlaw-6680	226	48	to	to	ADP
taxlaw-6680	226	49	the	the	DET
taxlaw-6680	226	50	creditor	creditor	NOUN
taxlaw-6680	226	51	or	or	CCONJ
taxlaw-6680	226	52	transferred	transfer	VERB
taxlaw-6680	226	53	to	to	ADP
taxlaw-6680	226	54	a	a	DET
taxlaw-6680	226	55	third	third	ADJ
taxlaw-6680	226	56	party).29	party).29	NOUN
taxlaw-6680	226	57	since	since	SCONJ
taxlaw-6680	226	58	a	a	DET
taxlaw-6680	226	59	partner	partner	NOUN
taxlaw-6680	226	60	who	who	PRON
taxlaw-6680	226	61	is	be	AUX
taxlaw-6680	226	62	allocated	allocate	VERB
taxlaw-6680	226	63	a	a	DET
taxlaw-6680	226	64	nonrecourse	nonrecourse	NOUN
taxlaw-6680	226	65	deduction	deduction	NOUN
taxlaw-6680	226	66	will	will	AUX
taxlaw-6680	226	67	be	be	AUX
taxlaw-6680	226	68	allocated	allocate	VERB
taxlaw-6680	226	69	partnership	partnership	NOUN
taxlaw-6680	226	70	minimum	minimum	NOUN
taxlaw-6680	226	71	gain	gain	NOUN
taxlaw-6680	226	72	in	in	ADP
taxlaw-6680	226	73	the	the	DET
taxlaw-6680	226	74	same	same	ADJ
taxlaw-6680	226	75	amount	amount	NOUN
taxlaw-6680	226	76	when	when	SCONJ
taxlaw-6680	226	77	it	it	PRON
taxlaw-6680	226	78	is	be	AUX
taxlaw-6680	226	79	realized	realize	VERB
taxlaw-6680	226	80	,	,	PUNCT
taxlaw-6680	226	81	30	30	NUM
taxlaw-6680	226	82	an	an	DET
taxlaw-6680	226	83	allocation	allocation	NOUN
taxlaw-6680	226	84	of	of	ADP
taxlaw-6680	226	85	a	a	DET
taxlaw-6680	226	86	nonrecourse	nonrecourse	NOUN
taxlaw-6680	226	87	deduction	deduction	NOUN
taxlaw-6680	226	88	is	be	AUX
taxlaw-6680	226	89	exactly	exactly	ADV
taxlaw-6680	226	90	what	what	PRON
taxlaw-6680	226	91	the	the	DET
taxlaw-6680	226	92	orrisch	orrisch	PROPN
taxlaw-6680	226	93	court	court	NOUN
taxlaw-6680	226	94	described	describe	VERB
taxlaw-6680	226	95	as	as	ADP
taxlaw-6680	226	96	“	"	PUNCT
taxlaw-6680	226	97	a	a	DET
taxlaw-6680	226	98	trade	trade	NOUN
taxlaw-6680	226	99	of	of	ADP
taxlaw-6680	226	100	tax	tax	NOUN
taxlaw-6680	226	101	consequences	consequence	NOUN
taxlaw-6680	226	102	.	.	PUNCT
taxlaw-6680	227	1	”31	”31	ADJ
taxlaw-6680	227	2	without	without	ADP
taxlaw-6680	227	3	restrictions	restriction	NOUN
taxlaw-6680	227	4	,	,	PUNCT
taxlaw-6680	227	5	a	a	DET
taxlaw-6680	227	6	partnership	partnership	NOUN
taxlaw-6680	227	7	tax	tax	NOUN
taxlaw-6680	227	8	shelter	shelter	NOUN
taxlaw-6680	227	9	involving	involve	VERB
taxlaw-6680	227	10	nonrecourse	nonrecourse	NOUN
taxlaw-6680	227	11	financing	financing	NOUN
taxlaw-6680	227	12	,	,	PUNCT
taxlaw-6680	227	13	like	like	ADP
taxlaw-6680	227	14	the	the	DET
taxlaw-6680	227	15	one	one	NOUN
taxlaw-6680	227	16	mentioned	mention	VERB
taxlaw-6680	227	17	in	in	ADP
taxlaw-6680	227	18	part	part	NOUN
taxlaw-6680	227	19	ii.c	ii.c	NOUN
taxlaw-6680	227	20	,	,	PUNCT
taxlaw-6680	227	21	will	will	AUX
taxlaw-6680	227	22	give	give	VERB
taxlaw-6680	227	23	a	a	DET
taxlaw-6680	227	24	taxpayer	taxpayer	NOUN
taxlaw-6680	227	25	zero	zero	NUM
taxlaw-6680	227	26	pre	pre	ADJ
taxlaw-6680	227	27	-	-	ADJ
taxlaw-6680	227	28	tax	tax	ADJ
taxlaw-6680	227	29	return	return	NOUN
taxlaw-6680	227	30	but	but	CCONJ
taxlaw-6680	227	31	an	an	DET
taxlaw-6680	227	32	after	after	ADP
taxlaw-6680	227	33	-	-	PUNCT
taxlaw-6680	227	34	tax	tax	NOUN
taxlaw-6680	227	35	return	return	NOUN
taxlaw-6680	227	36	of	of	ADP
taxlaw-6680	227	37	positive	positive	ADJ
taxlaw-6680	227	38	infinity.32	infinity.32	VERB
taxlaw-6680	227	39	the	the	DET
taxlaw-6680	227	40	treasury	treasury	NOUN
taxlaw-6680	227	41	’s	’s	PART
taxlaw-6680	227	42	strategy	strategy	NOUN
taxlaw-6680	227	43	is	be	AUX
taxlaw-6680	227	44	a	a	DET
taxlaw-6680	227	45	two	two	NUM
taxlaw-6680	227	46	-	-	PUNCT
taxlaw-6680	227	47	part	part	NOUN
taxlaw-6680	227	48	solution	solution	NOUN
taxlaw-6680	227	49	.	.	PUNCT
taxlaw-6680	228	1	first	first	ADV
taxlaw-6680	228	2	,	,	PUNCT
taxlaw-6680	228	3	by	by	ADP
taxlaw-6680	228	4	explicitly	explicitly	ADV
taxlaw-6680	228	5	stating	state	VERB
taxlaw-6680	228	6	that	that	SCONJ
taxlaw-6680	228	7	an	an	DET
taxlaw-6680	228	8	allocation	allocation	NOUN
taxlaw-6680	228	9	of	of	ADP
taxlaw-6680	228	10	nonrecourse	nonrecourse	NOUN
taxlaw-6680	228	11	deduction	deduction	NOUN
taxlaw-6680	228	12	and	and	CCONJ
taxlaw-6680	228	13	partnership	partnership	NOUN
taxlaw-6680	228	14	minimum	minimum	NOUN
taxlaw-6680	228	15	gain	gain	NOUN
taxlaw-6680	228	16	can	can	AUX
taxlaw-6680	228	17	never	never	ADV
taxlaw-6680	228	18	match	match	VERB
taxlaw-6680	228	19	the	the	DET
taxlaw-6680	228	20	economics	economic	NOUN
taxlaw-6680	228	21	,	,	PUNCT
taxlaw-6680	228	22	33	33	NUM
taxlaw-6680	228	23	the	the	DET
taxlaw-6680	228	24	treasury	treasury	NOUN
taxlaw-6680	228	25	can	can	AUX
taxlaw-6680	228	26	prescribe	prescribe	VERB
taxlaw-6680	228	27	less	less	ADJ
taxlaw-6680	228	28	“	"	PUNCT
taxlaw-6680	228	29	safeharbored	safeharbore	VERB
taxlaw-6680	228	30	”	"	PUNCT
taxlaw-6680	228	31	and	and	CCONJ
taxlaw-6680	228	32	more	more	ADV
taxlaw-6680	228	33	rigid	rigid	ADJ
taxlaw-6680	228	34	rules	rule	NOUN
taxlaw-6680	228	35	to	to	PART
taxlaw-6680	228	36	govern	govern	VERB
taxlaw-6680	228	37	such	such	ADJ
taxlaw-6680	228	38	allocation	allocation	NOUN
taxlaw-6680	228	39	,	,	PUNCT
taxlaw-6680	228	40	and	and	CCONJ
taxlaw-6680	228	41	a	a	DET
taxlaw-6680	228	42	taxpayer	taxpayer	NOUN
taxlaw-6680	228	43	can	can	AUX
taxlaw-6680	228	44	not	not	PART
taxlaw-6680	228	45	justify	justify	VERB
taxlaw-6680	228	46	her	her	PRON
taxlaw-6680	228	47	own	own	ADJ
taxlaw-6680	228	48	allocation	allocation	NOUN
taxlaw-6680	228	49	on	on	ADP
taxlaw-6680	228	50	the	the	DET
taxlaw-6680	228	51	ground	ground	NOUN
taxlaw-6680	228	52	that	that	SCONJ
taxlaw-6680	228	53	it	it	PRON
taxlaw-6680	228	54	matches	match	VERB
taxlaw-6680	228	55	the	the	DET
taxlaw-6680	228	56	economics	economic	NOUN
taxlaw-6680	228	57	.	.	PUNCT
taxlaw-6680	229	1	second	second	ADJ
taxlaw-6680	229	2	,	,	PUNCT
taxlaw-6680	229	3	to	to	PART
taxlaw-6680	229	4	reduce	reduce	VERB
taxlaw-6680	229	5	the	the	DET
taxlaw-6680	229	6	possibility	possibility	NOUN
taxlaw-6680	229	7	that	that	SCONJ
taxlaw-6680	229	8	a	a	DET
taxlaw-6680	229	9	nonrecourse	nonrecourse	NOUN
taxlaw-6680	229	10	deduction	deduction	NOUN
taxlaw-6680	229	11	will	will	AUX
taxlaw-6680	229	12	offset	offset	VERB
taxlaw-6680	229	13	economically	economically	ADV
taxlaw-6680	229	14	unrelated	unrelated	ADJ
taxlaw-6680	229	15	income	income	NOUN
taxlaw-6680	229	16	for	for	ADP
taxlaw-6680	229	17	tax	tax	NOUN
taxlaw-6680	229	18	purposes	purpose	NOUN
taxlaw-6680	229	19	,	,	PUNCT
taxlaw-6680	229	20	which	which	PRON
taxlaw-6680	229	21	is	be	AUX
taxlaw-6680	229	22	the	the	DET
taxlaw-6680	229	23	essence	essence	NOUN
taxlaw-6680	229	24	of	of	ADP
taxlaw-6680	229	25	a	a	DET
taxlaw-6680	229	26	tax	tax	NOUN
taxlaw-6680	229	27	shelter,34	shelter,34	NOUN
taxlaw-6680	229	28	the	the	DET
taxlaw-6680	229	29	treasury	treasury	NOUN
taxlaw-6680	229	30	requires	require	VERB
taxlaw-6680	229	31	nonrecourse	nonrecourse	NOUN
taxlaw-6680	229	32	deductions	deduction	NOUN
taxlaw-6680	229	33	to	to	PART
taxlaw-6680	229	34	be	be	AUX
taxlaw-6680	229	35	allocated	allocate	VERB
taxlaw-6680	229	36	in	in	ADP
taxlaw-6680	229	37	a	a	DET
taxlaw-6680	229	38	way	way	NOUN
taxlaw-6680	229	39	that	that	PRON
taxlaw-6680	229	40	are	be	AUX
taxlaw-6680	229	41	“	"	PUNCT
taxlaw-6680	229	42	reasonably	reasonably	ADV
taxlaw-6680	229	43	consistent	consistent	ADJ
taxlaw-6680	229	44	”	"	PUNCT
taxlaw-6680	229	45	with	with	ADP
taxlaw-6680	229	46	other	other	ADJ
taxlaw-6680	229	47	allocations	allocation	NOUN
taxlaw-6680	229	48	related	relate	VERB
taxlaw-6680	229	49	to	to	ADP
taxlaw-6680	229	50	the	the	DET
taxlaw-6680	229	51	same	same	ADJ
taxlaw-6680	229	52	encumbered	encumber	VERB
taxlaw-6680	229	53	property	property	NOUN
taxlaw-6680	229	54	that	that	PRON
taxlaw-6680	229	55	do	do	AUX
taxlaw-6680	229	56	match	match	VERB
taxlaw-6680	229	57	the	the	DET
taxlaw-6680	229	58	economics	economic	NOUN
taxlaw-6680	229	59	.	.	PUNCT
taxlaw-6680	229	60	35	35	NUM
taxlaw-6680	229	61	by	by	ADP
taxlaw-6680	229	62	combining	combine	VERB
taxlaw-6680	229	63	nonrecourse	nonrecourse	NOUN
taxlaw-6680	229	64	deductions	deduction	NOUN
taxlaw-6680	229	65	with	with	ADP
taxlaw-6680	229	66	related	related	ADJ
taxlaw-6680	229	67	partnership	partnership	NOUN
taxlaw-6680	229	68	items	item	NOUN
taxlaw-6680	229	69	in	in	ADP
taxlaw-6680	229	70	an	an	DET
taxlaw-6680	229	71	allocation	allocation	NOUN
taxlaw-6680	229	72	,	,	PUNCT
taxlaw-6680	229	73	partners	partner	NOUN
taxlaw-6680	229	74	who	who	PRON
taxlaw-6680	229	75	want	want	VERB
taxlaw-6680	229	76	to	to	PART
taxlaw-6680	229	77	allocate	allocate	VERB
taxlaw-6680	229	78	nonrecourse	nonrecourse	NOUN
taxlaw-6680	229	79	deductions	deduction	NOUN
taxlaw-6680	229	80	in	in	ADP
taxlaw-6680	229	81	a	a	DET
taxlaw-6680	229	82	certain	certain	ADJ
taxlaw-6680	229	83	way	way	NOUN
taxlaw-6680	229	84	may	may	AUX
taxlaw-6680	229	85	need	need	VERB
taxlaw-6680	229	86	to	to	PART
taxlaw-6680	229	87	alter	alter	VERB
taxlaw-6680	229	88	another	another	DET
taxlaw-6680	229	89	allocation	allocation	NOUN
taxlaw-6680	229	90	,	,	PUNCT
taxlaw-6680	229	91	which	which	PRON
taxlaw-6680	229	92	eventually	eventually	ADV
taxlaw-6680	229	93	alters	alter	VERB
taxlaw-6680	229	94	the	the	DET
taxlaw-6680	229	95	economic	economic	ADJ
taxlaw-6680	229	96	entitlement	entitlement	NOUN
taxlaw-6680	229	97	of	of	ADP
taxlaw-6680	229	98	each	each	DET
taxlaw-6680	229	99	partner	partner	NOUN
taxlaw-6680	229	100	.	.	PUNCT
taxlaw-6680	230	1	in	in	ADP
taxlaw-6680	230	2	addition	addition	NOUN
taxlaw-6680	230	3	,	,	PUNCT
taxlaw-6680	230	4	since	since	SCONJ
taxlaw-6680	230	5	the	the	DET
taxlaw-6680	230	6	allocation	allocation	NOUN
taxlaw-6680	230	7	of	of	ADP
taxlaw-6680	230	8	net	net	ADJ
taxlaw-6680	230	9	income	income	NOUN
taxlaw-6680	230	10	from	from	ADP
taxlaw-6680	230	11	operation	operation	NOUN
taxlaw-6680	230	12	of	of	ADP
taxlaw-6680	230	13	the	the	DET
taxlaw-6680	230	14	encumbered	encumbered	ADJ
taxlaw-6680	230	15	property	property	NOUN
taxlaw-6680	230	16	,	,	PUNCT
taxlaw-6680	230	17	before	before	ADP
taxlaw-6680	230	18	considering	consider	VERB
taxlaw-6680	230	19	nonrecourse	nonrecourse	NOUN
taxlaw-6680	230	20	deductions	deduction	NOUN
taxlaw-6680	230	21	,	,	PUNCT
taxlaw-6680	230	22	usually	usually	ADV
taxlaw-6680	230	23	matches	match	VERB
taxlaw-6680	230	24	each	each	DET
taxlaw-6680	230	25	partner	partner	NOUN
taxlaw-6680	230	26	’s	’s	PART
taxlaw-6680	230	27	economic	economic	ADJ
taxlaw-6680	230	28	entitlement,36	entitlement,36	NOUN
taxlaw-6680	230	29	an	an	DET
taxlaw-6680	230	30	allocation	allocation	NOUN
taxlaw-6680	230	31	of	of	ADP
taxlaw-6680	230	32	nonrecourse	nonrecourse	NOUN
taxlaw-6680	230	33	deductions	deduction	NOUN
taxlaw-6680	230	34	that	that	PRON
taxlaw-6680	230	35	is	be	AUX
taxlaw-6680	230	36	tied	tie	VERB
taxlaw-6680	230	37	to	to	ADP
taxlaw-6680	230	38	the	the	DET
taxlaw-6680	230	39	allocation	allocation	NOUN
taxlaw-6680	230	40	of	of	ADP
taxlaw-6680	230	41	such	such	ADJ
taxlaw-6680	230	42	income	income	NOUN
taxlaw-6680	230	43	reduces	reduce	VERB
taxlaw-6680	230	44	the	the	DET
taxlaw-6680	230	45	availability	availability	NOUN
taxlaw-6680	230	46	of	of	ADP
taxlaw-6680	230	47	tax	tax	NOUN
taxlaw-6680	230	48	shelters	shelter	NOUN
taxlaw-6680	230	49	.	.	PUNCT
taxlaw-6680	231	1	this	this	PRON
taxlaw-6680	231	2	is	be	AUX
taxlaw-6680	231	3	because	because	SCONJ
taxlaw-6680	231	4	it	it	PRON
taxlaw-6680	231	5	is	be	AUX
taxlaw-6680	231	6	now	now	ADV
taxlaw-6680	231	7	harder	hard	ADJ
taxlaw-6680	231	8	to	to	PART
taxlaw-6680	231	9	create	create	VERB
taxlaw-6680	231	10	an	an	DET
taxlaw-6680	231	11	artificial	artificial	ADJ
taxlaw-6680	231	12	net	net	ADJ
taxlaw-6680	231	13	loss	loss	NOUN
taxlaw-6680	231	14	for	for	ADP
taxlaw-6680	231	15	a	a	DET
taxlaw-6680	231	16	partner	partner	NOUN
taxlaw-6680	231	17	through	through	ADP
taxlaw-6680	231	18	a	a	DET
taxlaw-6680	231	19	special	special	ADJ
taxlaw-6680	231	20	allocation	allocation	NOUN
taxlaw-6680	231	21	of	of	ADP
taxlaw-6680	231	22	nonrecourse	nonrecourse	PROPN
taxlaw-6680	231	23	deductions.37	deductions.37	PROPN
taxlaw-6680	231	24	treasury	treasury	PROPN
taxlaw-6680	231	25	’s	’s	PART
taxlaw-6680	231	26	position	position	NOUN
taxlaw-6680	231	27	on	on	ADP
taxlaw-6680	231	28	the	the	DET
taxlaw-6680	231	29	allocation	allocation	NOUN
taxlaw-6680	231	30	of	of	ADP
taxlaw-6680	231	31	partnership	partnership	NOUN
taxlaw-6680	231	32	nonrecourse	nonrecourse	NOUN
taxlaw-6680	231	33	deductions	deduction	NOUN
taxlaw-6680	231	34	appears	appear	VERB
taxlaw-6680	231	35	to	to	PART
taxlaw-6680	231	36	be	be	AUX
taxlaw-6680	231	37	a	a	DET
taxlaw-6680	231	38	compromise	compromise	NOUN
taxlaw-6680	231	39	between	between	ADP
taxlaw-6680	231	40	complying	comply	VERB
taxlaw-6680	231	41	with	with	ADP
taxlaw-6680	231	42	the	the	DET
taxlaw-6680	231	43	tufts	tufts	NOUN
taxlaw-6680	231	44	doctrine	doctrine	NOUN
taxlaw-6680	231	45	and	and	CCONJ
taxlaw-6680	231	46	reducing	reduce	VERB
taxlaw-6680	231	47	its	its	PRON
taxlaw-6680	231	48	harmful	harmful	ADJ
taxlaw-6680	231	49	impact	impact	NOUN
taxlaw-6680	231	50	during	during	ADP
taxlaw-6680	231	51	partnership	partnership	NOUN
taxlaw-6680	231	52	allocations	allocation	NOUN
taxlaw-6680	231	53	.	.	PUNCT
taxlaw-6680	232	1	nevertheless	nevertheless	ADV
taxlaw-6680	232	2	,	,	PUNCT
taxlaw-6680	232	3	it	it	PRON
taxlaw-6680	232	4	often	often	ADV
taxlaw-6680	232	5	fails	fail	VERB
taxlaw-6680	232	6	to	to	PART
taxlaw-6680	232	7	take	take	VERB
taxlaw-6680	232	8	a	a	DET
taxlaw-6680	232	9	similar	similar	ADJ
taxlaw-6680	232	10	position	position	NOUN
taxlaw-6680	232	11	on	on	ADP
taxlaw-6680	232	12	other	other	ADJ
taxlaw-6680	232	13	allocations	allocation	NOUN
taxlaw-6680	232	14	when	when	SCONJ
taxlaw-6680	232	15	the	the	DET
taxlaw-6680	232	16	same	same	ADJ
taxlaw-6680	232	17	harmful	harmful	ADJ
taxlaw-6680	232	18	impact	impact	NOUN
taxlaw-6680	232	19	is	be	AUX
taxlaw-6680	232	20	present	present	ADJ
taxlaw-6680	232	21	.	.	PUNCT
taxlaw-6680	233	1	part	part	NOUN
taxlaw-6680	233	2	iii	iii	NOUN
taxlaw-6680	233	3	of	of	ADP
taxlaw-6680	233	4	this	this	DET
taxlaw-6680	233	5	note	note	NOUN
taxlaw-6680	233	6	will	will	AUX
taxlaw-6680	233	7	perform	perform	VERB
taxlaw-6680	233	8	a	a	DET
taxlaw-6680	233	9	detailed	detailed	ADJ
taxlaw-6680	233	10	analysis	analysis	NOUN
taxlaw-6680	233	11	of	of	ADP
taxlaw-6680	233	12	the	the	DET
taxlaw-6680	233	13	treasury	treasury	NOUN
taxlaw-6680	233	14	’s	’s	PART
taxlaw-6680	233	15	efforts	effort	NOUN
taxlaw-6680	233	16	to	to	PART
taxlaw-6680	233	17	match	match	VERB
taxlaw-6680	233	18	tax	tax	NOUN
taxlaw-6680	233	19	results	result	NOUN
taxlaw-6680	233	20	with	with	ADP
taxlaw-6680	233	21	economics	economic	NOUN
taxlaw-6680	233	22	in	in	ADP
taxlaw-6680	233	23	partnership	partnership	NOUN
taxlaw-6680	233	24	allocation	allocation	NOUN
taxlaw-6680	233	25	context	context	NOUN
taxlaw-6680	233	26	,	,	PUNCT
taxlaw-6680	233	27	discuss	discuss	VERB
taxlaw-6680	233	28	the	the	DET
taxlaw-6680	233	29	inherent	inherent	ADJ
taxlaw-6680	233	30	uncertainty	uncertainty	NOUN
taxlaw-6680	233	31	,	,	PUNCT
taxlaw-6680	233	32	inefficiency	inefficiency	NOUN
taxlaw-6680	233	33	,	,	PUNCT
taxlaw-6680	233	34	and	and	CCONJ
taxlaw-6680	233	35	inconsistency	inconsistency	NOUN
taxlaw-6680	233	36	,	,	PUNCT
taxlaw-6680	233	37	and	and	CCONJ
taxlaw-6680	233	38	suggest	suggest	VERB
taxlaw-6680	233	39	an	an	DET
taxlaw-6680	233	40	improvement	improvement	NOUN
taxlaw-6680	233	41	.	.	PUNCT
taxlaw-6680	234	1	part	part	NOUN
taxlaw-6680	234	2	iv	iv	NOUN
taxlaw-6680	234	3	of	of	ADP
taxlaw-6680	234	4	this	this	DET
taxlaw-6680	234	5	note	note	NOUN
taxlaw-6680	234	6	will	will	AUX
taxlaw-6680	234	7	apply	apply	VERB
taxlaw-6680	234	8	the	the	DET
taxlaw-6680	234	9	insight	insight	NOUN
taxlaw-6680	234	10	from	from	ADP
taxlaw-6680	234	11	this	this	DET
taxlaw-6680	234	12	analysis	analysis	NOUN
taxlaw-6680	234	13	to	to	ADP
taxlaw-6680	234	14	the	the	DET
taxlaw-6680	234	15	so	so	ADV
taxlaw-6680	234	16	-	-	PUNCT
taxlaw-6680	234	17	called	call	VERB
taxlaw-6680	234	18	“	"	PUNCT
taxlaw-6680	234	19	target	target	NOUN
taxlaw-6680	234	20	allocations	allocation	NOUN
taxlaw-6680	234	21	”	"	PUNCT
taxlaw-6680	234	22	and	and	CCONJ
taxlaw-6680	234	23	propose	propose	VERB
taxlaw-6680	234	24	a	a	DET
taxlaw-6680	234	25	solution	solution	NOUN
taxlaw-6680	234	26	to	to	ADP
taxlaw-6680	234	27	the	the	DET
taxlaw-6680	234	28	long	long	ADV
taxlaw-6680	234	29	-	-	PUNCT
taxlaw-6680	234	30	debated	debate	VERB
taxlaw-6680	234	31	capital	capital	NOUN
taxlaw-6680	234	32	shift	shift	NOUN
taxlaw-6680	234	33	problem	problem	NOUN
taxlaw-6680	234	34	in	in	ADP
taxlaw-6680	234	35	target	target	NOUN
taxlaw-6680	234	36	allocations	allocation	NOUN
taxlaw-6680	234	37	with	with	ADP
taxlaw-6680	234	38	preferred	preferred	ADJ
taxlaw-6680	234	39	returns	return	NOUN
taxlaw-6680	234	40	.	.	PUNCT
taxlaw-6680	235	1	29	29	NUM
taxlaw-6680	235	2	see	see	VERB
taxlaw-6680	235	3	treas	treas	PROPN
taxlaw-6680	235	4	.	.	PUNCT
taxlaw-6680	236	1	reg	reg	PROPN
taxlaw-6680	236	2	.	.	PUNCT
taxlaw-6680	237	1	§	§	PROPN
taxlaw-6680	237	2	1.704	1.704	NUM
taxlaw-6680	237	3	-	-	SYM
taxlaw-6680	237	4	2(b)(2	2(b)(2	NUM
taxlaw-6680	237	5	)	)	PUNCT
taxlaw-6680	237	6	.	.	PUNCT
taxlaw-6680	238	1	30	30	NUM
taxlaw-6680	238	2	treas	trea	NOUN
taxlaw-6680	238	3	.	.	PUNCT
taxlaw-6680	239	1	reg	reg	PROPN
taxlaw-6680	239	2	.	.	PUNCT
taxlaw-6680	240	1	§	§	PROPN
taxlaw-6680	240	2	1.704	1.704	NUM
taxlaw-6680	240	3	-	-	SYM
taxlaw-6680	240	4	2(f	2(f	NUM
taxlaw-6680	240	5	)	)	PUNCT
taxlaw-6680	240	6	,	,	PUNCT
taxlaw-6680	240	7	(	(	PUNCT
taxlaw-6680	240	8	g	g	NOUN
taxlaw-6680	240	9	)	)	PUNCT
taxlaw-6680	240	10	.	.	PUNCT
taxlaw-6680	241	1	31	31	NUM
taxlaw-6680	241	2	orrisch	orrisch	NOUN
taxlaw-6680	241	3	v.	v.	ADP
taxlaw-6680	241	4	comm’r	comm’r	NOUN
taxlaw-6680	241	5	.	.	PROPN
taxlaw-6680	241	6	,	,	PUNCT
taxlaw-6680	241	7	55	55	NUM
taxlaw-6680	241	8	t.c	t.c	NOUN
taxlaw-6680	241	9	.	.	PROPN
taxlaw-6680	241	10	395	395	NUM
taxlaw-6680	241	11	,	,	PUNCT
taxlaw-6680	241	12	403	403	NUM
taxlaw-6680	241	13	(	(	PUNCT
taxlaw-6680	241	14	1970	1970	NUM
taxlaw-6680	241	15	)	)	PUNCT
taxlaw-6680	241	16	.	.	PUNCT
taxlaw-6680	242	1	32	32	NUM
taxlaw-6680	242	2	see	see	VERB
taxlaw-6680	242	3	part	part	NOUN
taxlaw-6680	242	4	ii.c	ii.c	NOUN
taxlaw-6680	242	5	.	.	PUNCT
taxlaw-6680	242	6	,	,	PUNCT
taxlaw-6680	242	7	supra	supra	PROPN
taxlaw-6680	242	8	.	.	PUNCT
taxlaw-6680	243	1	33	33	NUM
taxlaw-6680	243	2	treas	trea	NOUN
taxlaw-6680	243	3	.	.	PUNCT
taxlaw-6680	244	1	reg	reg	PROPN
taxlaw-6680	244	2	.	.	PUNCT
taxlaw-6680	245	1	§	§	PROPN
taxlaw-6680	245	2	1.704	1.704	NUM
taxlaw-6680	245	3	-	-	NUM
taxlaw-6680	245	4	2(b)(1)–(2	2(b)(1)–(2	NUM
taxlaw-6680	245	5	)	)	PUNCT
taxlaw-6680	245	6	.	.	PUNCT
taxlaw-6680	246	1	34	34	NUM
taxlaw-6680	246	2	for	for	ADP
taxlaw-6680	246	3	a	a	DET
taxlaw-6680	246	4	brief	brief	ADJ
taxlaw-6680	246	5	introduction	introduction	NOUN
taxlaw-6680	246	6	to	to	ADP
taxlaw-6680	246	7	tax	tax	NOUN
taxlaw-6680	246	8	shelters	shelter	NOUN
taxlaw-6680	246	9	,	,	PUNCT
taxlaw-6680	246	10	see	see	VERB
taxlaw-6680	246	11	julia	julia	PROPN
taxlaw-6680	246	12	kagan	kagan	PROPN
taxlaw-6680	246	13	,	,	PUNCT
taxlaw-6680	246	14	tax	tax	NOUN
taxlaw-6680	246	15	shelter	shelter	NOUN
taxlaw-6680	246	16	,	,	PUNCT
taxlaw-6680	246	17	investopedia	investopedia	PROPN
taxlaw-6680	246	18	(	(	PUNCT
taxlaw-6680	246	19	12/30/2019	12/30/2019	NUM
taxlaw-6680	246	20	)	)	PUNCT
taxlaw-6680	246	21	,	,	PUNCT
taxlaw-6680	246	22	https://www.investopedia.com/terms/t/taxshelter.asp	https://www.investopedia.com/terms/t/taxshelter.asp	PROPN
taxlaw-6680	246	23	[	[	X
taxlaw-6680	246	24	https://perma.cc/4lzv-d5n3	https://perma.cc/4lzv-d5n3	X
taxlaw-6680	246	25	]	]	X
taxlaw-6680	246	26	.	.	PUNCT
taxlaw-6680	247	1	35	35	NUM
taxlaw-6680	247	2	treas	trea	NOUN
taxlaw-6680	247	3	.	.	PUNCT
taxlaw-6680	248	1	reg	reg	PROPN
taxlaw-6680	248	2	.	.	PUNCT
taxlaw-6680	249	1	§	§	PROPN
taxlaw-6680	249	2	1.704	1.704	NUM
taxlaw-6680	249	3	-	-	NUM
taxlaw-6680	249	4	2(e)(2	2(e)(2	NUM
taxlaw-6680	249	5	)	)	PUNCT
taxlaw-6680	249	6	.	.	PUNCT
taxlaw-6680	250	1	36	36	NUM
taxlaw-6680	250	2	see	see	VERB
taxlaw-6680	250	3	treas	treas	PROPN
taxlaw-6680	250	4	.	.	PUNCT
taxlaw-6680	251	1	reg	reg	PROPN
taxlaw-6680	251	2	.	.	PUNCT
taxlaw-6680	252	1	§	§	PROPN
taxlaw-6680	252	2	1.704	1.704	NUM
taxlaw-6680	252	3	-	-	NUM
taxlaw-6680	252	4	2(e)(1	2(e)(1	NUM
taxlaw-6680	252	5	)	)	PUNCT
taxlaw-6680	252	6	,	,	PUNCT
taxlaw-6680	252	7	(	(	PUNCT
taxlaw-6680	252	8	4	4	NUM
taxlaw-6680	252	9	)	)	PUNCT
taxlaw-6680	252	10	.	.	PUNCT
taxlaw-6680	253	1	37	37	NUM
taxlaw-6680	253	2	in	in	ADP
taxlaw-6680	253	3	the	the	DET
taxlaw-6680	253	4	nonrecourse	nonrecourse	NOUN
taxlaw-6680	253	5	financing	financing	NOUN
taxlaw-6680	253	6	example	example	NOUN
taxlaw-6680	253	7	in	in	ADP
taxlaw-6680	253	8	part	part	NOUN
taxlaw-6680	253	9	ii.c	ii.c	NOUN
taxlaw-6680	253	10	,	,	PUNCT
taxlaw-6680	253	11	,	,	PUNCT
taxlaw-6680	253	12	if	if	SCONJ
taxlaw-6680	253	13	the	the	DET
taxlaw-6680	253	14	orrischs	orrisch	NOUN
taxlaw-6680	253	15	and	and	CCONJ
taxlaw-6680	253	16	the	the	DET
taxlaw-6680	253	17	crisafis	crisafis	NOUN
taxlaw-6680	253	18	agree	agree	VERB
taxlaw-6680	253	19	to	to	PART
taxlaw-6680	253	20	allocate	allocate	VERB
taxlaw-6680	253	21	net	net	ADJ
taxlaw-6680	253	22	income	income	NOUN
taxlaw-6680	253	23	before	before	ADP
taxlaw-6680	253	24	nonrecourse	nonrecourse	NOUN
taxlaw-6680	253	25	deduction	deduction	NOUN
taxlaw-6680	253	26	50/50	50/50	NUM
taxlaw-6680	253	27	,	,	PUNCT
taxlaw-6680	253	28	the	the	DET
taxlaw-6680	253	29	nonrecourse	nonrecourse	NOUN
taxlaw-6680	253	30	deduction	deduction	NOUN
taxlaw-6680	253	31	from	from	ADP
taxlaw-6680	253	32	the	the	DET
taxlaw-6680	253	33	immediate	immediate	ADJ
taxlaw-6680	253	34	expensing	expensing	NOUN
taxlaw-6680	253	35	must	must	AUX
taxlaw-6680	253	36	also	also	ADV
taxlaw-6680	253	37	be	be	AUX
taxlaw-6680	253	38	allocated	allocate	VERB
taxlaw-6680	253	39	50/50	50/50	NUM
taxlaw-6680	253	40	.	.	PUNCT
taxlaw-6680	254	1	this	this	PRON
taxlaw-6680	254	2	reduces	reduce	VERB
taxlaw-6680	254	3	the	the	DET
taxlaw-6680	254	4	possibility	possibility	NOUN
taxlaw-6680	254	5	that	that	SCONJ
taxlaw-6680	254	6	the	the	DET
taxlaw-6680	254	7	orrischs	orrischs	NOUN
taxlaw-6680	254	8	can	can	AUX
taxlaw-6680	254	9	obtain	obtain	VERB
taxlaw-6680	254	10	a	a	DET
taxlaw-6680	254	11	net	net	ADJ
taxlaw-6680	254	12	loss	loss	NOUN
taxlaw-6680	254	13	from	from	ADP
taxlaw-6680	254	14	the	the	DET
taxlaw-6680	254	15	nonrecourse	nonrecourse	NOUN
taxlaw-6680	254	16	deduction	deduction	NOUN
taxlaw-6680	254	17	and	and	CCONJ
taxlaw-6680	254	18	use	use	VERB
taxlaw-6680	254	19	it	it	PRON
taxlaw-6680	254	20	to	to	PART
taxlaw-6680	254	21	offset	offset	VERB
taxlaw-6680	254	22	income	income	NOUN
taxlaw-6680	254	23	unrelated	unrelated	ADJ
taxlaw-6680	254	24	to	to	ADP
taxlaw-6680	254	25	the	the	DET
taxlaw-6680	254	26	partnership	partnership	NOUN
taxlaw-6680	254	27	’s	’s	PART
taxlaw-6680	254	28	business	business	NOUN
taxlaw-6680	254	29	.	.	PUNCT
taxlaw-6680	255	1	[	[	X
taxlaw-6680	255	2	vol	vol	NOUN
taxlaw-6680	255	3	.	.	PUNCT
taxlaw-6680	255	4	11:1	11:1	NUM
taxlaw-6680	255	5	columbia	columbia	PROPN
taxlaw-6680	255	6	journal	journal	PROPN
taxlaw-6680	255	7	of	of	ADP
taxlaw-6680	255	8	tax	tax	NOUN
taxlaw-6680	255	9	law	law	NOUN
taxlaw-6680	255	10	114	114	NUM
taxlaw-6680	255	11	iii	iii	NOUN
taxlaw-6680	255	12	.	.	PUNCT
taxlaw-6680	256	1	the	the	DET
taxlaw-6680	256	2	substantial	substantial	ADJ
taxlaw-6680	256	3	economic	economic	ADJ
taxlaw-6680	256	4	effect	effect	NOUN
taxlaw-6680	256	5	safe	safe	ADJ
taxlaw-6680	256	6	harbor	harbor	NOUN
taxlaw-6680	256	7	:	:	PUNCT
taxlaw-6680	256	8	one	one	NUM
taxlaw-6680	256	9	size	size	NOUN
taxlaw-6680	256	10	fits	fit	VERB
taxlaw-6680	256	11	all	all	PRON
taxlaw-6680	256	12	?	?	PUNCT
taxlaw-6680	257	1	to	to	PART
taxlaw-6680	257	2	provide	provide	VERB
taxlaw-6680	257	3	a	a	DET
taxlaw-6680	257	4	statutory	statutory	ADJ
taxlaw-6680	257	5	link	link	NOUN
taxlaw-6680	257	6	between	between	ADP
taxlaw-6680	257	7	the	the	DET
taxlaw-6680	257	8	after	after	ADP
taxlaw-6680	257	9	-	-	PUNCT
taxlaw-6680	257	10	tax	tax	NOUN
taxlaw-6680	257	11	payoff	payoff	NOUN
taxlaw-6680	257	12	and	and	CCONJ
taxlaw-6680	257	13	the	the	DET
taxlaw-6680	257	14	expected	expected	ADJ
taxlaw-6680	257	15	pre	pre	ADJ
taxlaw-6680	257	16	-	-	ADJ
taxlaw-6680	257	17	tax	tax	ADJ
taxlaw-6680	257	18	payoff	payoff	NOUN
taxlaw-6680	257	19	in	in	ADP
taxlaw-6680	257	20	the	the	DET
taxlaw-6680	257	21	partnership	partnership	NOUN
taxlaw-6680	257	22	context	context	NOUN
taxlaw-6680	257	23	,	,	PUNCT
taxlaw-6680	257	24	subchapter	subchapter	PROPN
taxlaw-6680	257	25	k	k	PROPN
taxlaw-6680	257	26	requires	require	VERB
taxlaw-6680	257	27	all	all	DET
taxlaw-6680	257	28	partnership	partnership	NOUN
taxlaw-6680	257	29	allocations	allocation	NOUN
taxlaw-6680	257	30	to	to	PART
taxlaw-6680	257	31	either	either	CCONJ
taxlaw-6680	257	32	be	be	AUX
taxlaw-6680	257	33	made	make	VERB
taxlaw-6680	257	34	“	"	PUNCT
taxlaw-6680	257	35	in	in	ADP
taxlaw-6680	257	36	accordance	accordance	NOUN
taxlaw-6680	257	37	with	with	ADP
taxlaw-6680	257	38	the	the	DET
taxlaw-6680	257	39	partner	partner	NOUN
taxlaw-6680	257	40	’s	’s	PART
taxlaw-6680	257	41	interest	interest	NOUN
taxlaw-6680	257	42	in	in	ADP
taxlaw-6680	257	43	the	the	DET
taxlaw-6680	257	44	partnership	partnership	NOUN
taxlaw-6680	257	45	,	,	PUNCT
taxlaw-6680	257	46	”	"	PUNCT
taxlaw-6680	257	47	or	or	CCONJ
taxlaw-6680	257	48	have	have	VERB
taxlaw-6680	257	49	“	"	PUNCT
taxlaw-6680	257	50	substantial	substantial	ADJ
taxlaw-6680	257	51	economic	economic	ADJ
taxlaw-6680	257	52	effect	effect	NOUN
taxlaw-6680	257	53	”	"	PUNCT
taxlaw-6680	257	54	(	(	PUNCT
taxlaw-6680	257	55	“	"	PUNCT
taxlaw-6680	257	56	see”).38	see”).38	NOUN
taxlaw-6680	257	57	the	the	DET
taxlaw-6680	257	58	former	former	ADJ
taxlaw-6680	257	59	,	,	PUNCT
taxlaw-6680	257	60	known	know	VERB
taxlaw-6680	257	61	as	as	ADP
taxlaw-6680	257	62	“	"	PUNCT
taxlaw-6680	257	63	partner	partner	NOUN
taxlaw-6680	257	64	’s	’s	PART
taxlaw-6680	257	65	interest	interest	NOUN
taxlaw-6680	257	66	in	in	ADP
taxlaw-6680	257	67	the	the	DET
taxlaw-6680	257	68	partnership	partnership	NOUN
taxlaw-6680	257	69	test	test	NOUN
taxlaw-6680	257	70	”	"	PUNCT
taxlaw-6680	257	71	(	(	PUNCT
taxlaw-6680	257	72	“	"	PUNCT
taxlaw-6680	257	73	the	the	DET
taxlaw-6680	257	74	pip	pip	PROPN
taxlaw-6680	257	75	test	test	NOUN
taxlaw-6680	257	76	”	"	PUNCT
taxlaw-6680	257	77	)	)	PUNCT
taxlaw-6680	257	78	,	,	PUNCT
taxlaw-6680	257	79	is	be	AUX
taxlaw-6680	257	80	a	a	DET
taxlaw-6680	257	81	facts	fact	NOUN
taxlaw-6680	257	82	and	and	CCONJ
taxlaw-6680	257	83	circumstances	circumstance	NOUN
taxlaw-6680	257	84	test	test	VERB
taxlaw-6680	257	85	in	in	ADP
taxlaw-6680	257	86	determining	determine	VERB
taxlaw-6680	257	87	the	the	DET
taxlaw-6680	257	88	economic	economic	ADJ
taxlaw-6680	257	89	substance	substance	NOUN
taxlaw-6680	257	90	of	of	ADP
taxlaw-6680	257	91	an	an	DET
taxlaw-6680	257	92	allocation	allocation	NOUN
taxlaw-6680	257	93	,	,	PUNCT
taxlaw-6680	257	94	and	and	CCONJ
taxlaw-6680	257	95	its	its	PRON
taxlaw-6680	257	96	outcome	outcome	NOUN
taxlaw-6680	257	97	can	can	AUX
taxlaw-6680	257	98	be	be	AUX
taxlaw-6680	257	99	highly	highly	ADV
taxlaw-6680	257	100	uncertain.39to	uncertain.39to	ADJ
taxlaw-6680	257	101	reduce	reduce	VERB
taxlaw-6680	257	102	the	the	DET
taxlaw-6680	257	103	uncertainty	uncertainty	NOUN
taxlaw-6680	257	104	,	,	PUNCT
taxlaw-6680	257	105	the	the	DET
taxlaw-6680	257	106	treasury	treasury	NOUN
taxlaw-6680	257	107	promulgates	promulgate	VERB
taxlaw-6680	257	108	three	three	NUM
taxlaw-6680	257	109	alternatives	alternative	NOUN
taxlaw-6680	257	110	to	to	PART
taxlaw-6680	257	111	provide	provide	VERB
taxlaw-6680	257	112	a	a	DET
taxlaw-6680	257	113	safe	safe	ADJ
taxlaw-6680	257	114	-	-	PUNCT
taxlaw-6680	257	115	harbor	harbor	NOUN
taxlaw-6680	257	116	enabling	enable	VERB
taxlaw-6680	257	117	most	most	ADJ
taxlaw-6680	257	118	partnership	partnership	NOUN
taxlaw-6680	257	119	allocations	allocation	NOUN
taxlaw-6680	257	120	to	to	PART
taxlaw-6680	257	121	qualify	qualify	VERB
taxlaw-6680	257	122	under	under	ADP
taxlaw-6680	257	123	the	the	DET
taxlaw-6680	257	124	see	see	NOUN
taxlaw-6680	257	125	test	test	NOUN
taxlaw-6680	257	126	—	—	PUNCT
taxlaw-6680	257	127	the	the	DET
taxlaw-6680	257	128	primary	primary	ADJ
taxlaw-6680	257	129	test	test	NOUN
taxlaw-6680	257	130	,	,	PUNCT
taxlaw-6680	257	131	the	the	DET
taxlaw-6680	257	132	alternate	alternate	ADJ
taxlaw-6680	257	133	test	test	NOUN
taxlaw-6680	257	134	for	for	ADP
taxlaw-6680	257	135	economic	economic	ADJ
taxlaw-6680	257	136	effect	effect	NOUN
taxlaw-6680	257	137	,	,	PUNCT
taxlaw-6680	257	138	and	and	CCONJ
taxlaw-6680	257	139	the	the	DET
taxlaw-6680	257	140	economic	economic	ADJ
taxlaw-6680	257	141	effect	effect	NOUN
taxlaw-6680	257	142	equivalence	equivalence	NOUN
taxlaw-6680	257	143	test.40	test.40	PROPN
taxlaw-6680	257	144	an	an	DET
taxlaw-6680	257	145	allocation	allocation	NOUN
taxlaw-6680	257	146	satisfying	satisfy	VERB
taxlaw-6680	257	147	either	either	CCONJ
taxlaw-6680	257	148	one	one	NUM
taxlaw-6680	257	149	of	of	ADP
taxlaw-6680	257	150	these	these	DET
taxlaw-6680	257	151	alternatives	alternative	NOUN
taxlaw-6680	257	152	is	be	AUX
taxlaw-6680	257	153	deemed	deem	VERB
taxlaw-6680	257	154	to	to	PART
taxlaw-6680	257	155	have	have	VERB
taxlaw-6680	257	156	an	an	DET
taxlaw-6680	257	157	“	"	PUNCT
taxlaw-6680	257	158	economic	economic	ADJ
taxlaw-6680	257	159	effect	effect	NOUN
taxlaw-6680	257	160	.	.	PUNCT
taxlaw-6680	257	161	”	"	PUNCT
taxlaw-6680	258	1	if	if	SCONJ
taxlaw-6680	258	2	such	such	ADJ
taxlaw-6680	258	3	economic	economic	ADJ
taxlaw-6680	258	4	effect	effect	NOUN
taxlaw-6680	258	5	is	be	AUX
taxlaw-6680	258	6	also	also	ADV
taxlaw-6680	258	7	“	"	PUNCT
taxlaw-6680	258	8	substantial	substantial	ADJ
taxlaw-6680	258	9	”	"	PUNCT
taxlaw-6680	258	10	under	under	ADP
taxlaw-6680	258	11	the	the	DET
taxlaw-6680	258	12	regulations	regulation	NOUN
taxlaw-6680	258	13	,	,	PUNCT
taxlaw-6680	258	14	the	the	DET
taxlaw-6680	258	15	allocation	allocation	NOUN
taxlaw-6680	258	16	will	will	AUX
taxlaw-6680	258	17	be	be	AUX
taxlaw-6680	258	18	respected	respect	VERB
taxlaw-6680	258	19	for	for	ADP
taxlaw-6680	258	20	tax	tax	NOUN
taxlaw-6680	258	21	purposes	purpose	NOUN
taxlaw-6680	258	22	for	for	ADP
taxlaw-6680	258	23	matching	match	VERB
taxlaw-6680	258	24	the	the	DET
taxlaw-6680	258	25	economics.41	economics.41	NOUN
taxlaw-6680	258	26	on	on	ADP
taxlaw-6680	258	27	the	the	DET
taxlaw-6680	258	28	other	other	ADJ
taxlaw-6680	258	29	hand	hand	NOUN
taxlaw-6680	258	30	,	,	PUNCT
taxlaw-6680	258	31	if	if	SCONJ
taxlaw-6680	258	32	an	an	DET
taxlaw-6680	258	33	allocation	allocation	NOUN
taxlaw-6680	258	34	fails	fail	VERB
taxlaw-6680	258	35	to	to	PART
taxlaw-6680	258	36	satisfy	satisfy	VERB
taxlaw-6680	258	37	any	any	PRON
taxlaw-6680	258	38	of	of	ADP
taxlaw-6680	258	39	the	the	DET
taxlaw-6680	258	40	alternatives	alternative	NOUN
taxlaw-6680	258	41	or	or	CCONJ
taxlaw-6680	258	42	if	if	SCONJ
taxlaw-6680	258	43	the	the	DET
taxlaw-6680	258	44	economic	economic	ADJ
taxlaw-6680	258	45	effect	effect	NOUN
taxlaw-6680	258	46	is	be	AUX
taxlaw-6680	258	47	insubstantial	insubstantial	ADJ
taxlaw-6680	258	48	,	,	PUNCT
taxlaw-6680	258	49	the	the	DET
taxlaw-6680	258	50	relevant	relevant	ADJ
taxlaw-6680	258	51	partnership	partnership	NOUN
taxlaw-6680	258	52	item	item	NOUN
taxlaw-6680	258	53	will	will	AUX
taxlaw-6680	258	54	be	be	AUX
taxlaw-6680	258	55	reallocated	reallocate	VERB
taxlaw-6680	258	56	solely	solely	ADV
taxlaw-6680	258	57	for	for	SCONJ
taxlaw-6680	258	58	tax	tax	NOUN
taxlaw-6680	258	59	purposes	purpose	NOUN
taxlaw-6680	258	60	to	to	PART
taxlaw-6680	258	61	reflect	reflect	VERB
taxlaw-6680	258	62	the	the	DET
taxlaw-6680	258	63	parties	party	NOUN
taxlaw-6680	258	64	’	'	PUNCT
taxlaw-6680	258	65	real	real	ADJ
taxlaw-6680	258	66	economic	economic	ADJ
taxlaw-6680	258	67	arrangement	arrangement	NOUN
taxlaw-6680	258	68	,	,	PUNCT
taxlaw-6680	258	69	i.e.	i.e.	X
taxlaw-6680	258	70	,	,	PUNCT
taxlaw-6680	258	71	“	"	PUNCT
taxlaw-6680	258	72	in	in	ADP
taxlaw-6680	258	73	accordance	accordance	NOUN
taxlaw-6680	258	74	with	with	ADP
taxlaw-6680	258	75	the	the	DET
taxlaw-6680	258	76	partner	partner	NOUN
taxlaw-6680	258	77	’s	’s	PART
taxlaw-6680	258	78	interest	interest	NOUN
taxlaw-6680	258	79	in	in	ADP
taxlaw-6680	258	80	the	the	DET
taxlaw-6680	258	81	partnership	partnership	NOUN
taxlaw-6680	258	82	.	.	PUNCT
taxlaw-6680	259	1	”42	”42	VERB
taxlaw-6680	259	2	a.	a.	PROPN
taxlaw-6680	259	3	economic	economic	ADJ
taxlaw-6680	259	4	effect	effect	NOUN
taxlaw-6680	259	5	not	not	PART
taxlaw-6680	259	6	surprisingly	surprisingly	ADV
taxlaw-6680	259	7	,	,	PUNCT
taxlaw-6680	259	8	the	the	DET
taxlaw-6680	259	9	regulation	regulation	NOUN
taxlaw-6680	259	10	defines	define	VERB
taxlaw-6680	259	11	an	an	DET
taxlaw-6680	259	12	allocation	allocation	NOUN
taxlaw-6680	259	13	as	as	ADP
taxlaw-6680	259	14	having	have	VERB
taxlaw-6680	259	15	“	"	PUNCT
taxlaw-6680	259	16	economic	economic	ADJ
taxlaw-6680	259	17	effect	effect	NOUN
taxlaw-6680	259	18	”	"	PUNCT
taxlaw-6680	259	19	if	if	SCONJ
taxlaw-6680	259	20	there	there	PRON
taxlaw-6680	259	21	is	be	VERB
taxlaw-6680	259	22	a	a	DET
taxlaw-6680	259	23	matching	matching	NOUN
taxlaw-6680	259	24	of	of	ADP
taxlaw-6680	259	25	actual	actual	ADJ
taxlaw-6680	259	26	economic	economic	ADJ
taxlaw-6680	259	27	benefit	benefit	NOUN
taxlaw-6680	259	28	or	or	CCONJ
taxlaw-6680	259	29	burden	burden	NOUN
taxlaw-6680	259	30	with	with	ADP
taxlaw-6680	259	31	the	the	DET
taxlaw-6680	259	32	allocation	allocation	NOUN
taxlaw-6680	259	33	for	for	ADP
taxlaw-6680	259	34	tax	tax	NOUN
taxlaw-6680	259	35	purposes	purpose	NOUN
taxlaw-6680	259	36	of	of	ADP
taxlaw-6680	259	37	partnership	partnership	NOUN
taxlaw-6680	259	38	items	item	NOUN
taxlaw-6680	259	39	that	that	PRON
taxlaw-6680	259	40	generate	generate	VERB
taxlaw-6680	259	41	such	such	ADJ
taxlaw-6680	259	42	benefit	benefit	NOUN
taxlaw-6680	259	43	or	or	CCONJ
taxlaw-6680	259	44	burden.43	burden.43	NOUN
taxlaw-6680	259	45	that	that	PRON
taxlaw-6680	259	46	is	be	AUX
taxlaw-6680	259	47	,	,	PUNCT
taxlaw-6680	259	48	an	an	DET
taxlaw-6680	259	49	allocation	allocation	NOUN
taxlaw-6680	259	50	for	for	ADP
taxlaw-6680	259	51	tax	tax	NOUN
taxlaw-6680	259	52	purposes	purpose	NOUN
taxlaw-6680	259	53	will	will	AUX
taxlaw-6680	259	54	be	be	AUX
taxlaw-6680	259	55	respected	respect	VERB
taxlaw-6680	259	56	only	only	ADV
taxlaw-6680	259	57	if	if	SCONJ
taxlaw-6680	259	58	the	the	DET
taxlaw-6680	259	59	relevant	relevant	ADJ
taxlaw-6680	259	60	partners	partner	NOUN
taxlaw-6680	259	61	are	be	AUX
taxlaw-6680	259	62	better	well	ADJ
taxlaw-6680	259	63	-	-	PUNCT
taxlaw-6680	259	64	off	off	NOUN
taxlaw-6680	259	65	or	or	CCONJ
taxlaw-6680	259	66	worse	bad	ADJ
taxlaw-6680	259	67	-	-	PUNCT
taxlaw-6680	259	68	off	off	NOUN
taxlaw-6680	259	69	in	in	ADP
taxlaw-6680	259	70	terms	term	NOUN
taxlaw-6680	259	71	of	of	ADP
taxlaw-6680	259	72	expected	expect	VERB
taxlaw-6680	259	73	pre	pre	ADJ
taxlaw-6680	259	74	-	-	ADJ
taxlaw-6680	259	75	tax	tax	ADJ
taxlaw-6680	259	76	payoff	payoff	NOUN
taxlaw-6680	259	77	from	from	ADP
taxlaw-6680	259	78	partnership	partnership	NOUN
taxlaw-6680	259	79	activities	activity	NOUN
taxlaw-6680	259	80	.	.	PUNCT
taxlaw-6680	260	1	using	use	VERB
taxlaw-6680	260	2	the	the	DET
taxlaw-6680	260	3	problem	problem	NOUN
taxlaw-6680	260	4	of	of	ADP
taxlaw-6680	260	5	the	the	DET
taxlaw-6680	260	6	unintended	unintended	ADJ
taxlaw-6680	260	7	subsidy	subsidy	NOUN
taxlaw-6680	260	8	in	in	ADP
taxlaw-6680	260	9	part	part	NOUN
taxlaw-6680	260	10	ii.c	ii.c	NOUN
taxlaw-6680	260	11	.	.	PUNCT
taxlaw-6680	261	1	as	as	ADP
taxlaw-6680	261	2	an	an	DET
taxlaw-6680	261	3	example	example	NOUN
taxlaw-6680	261	4	,	,	PUNCT
taxlaw-6680	261	5	in	in	ADP
taxlaw-6680	261	6	order	order	NOUN
taxlaw-6680	261	7	for	for	ADP
taxlaw-6680	261	8	the	the	DET
taxlaw-6680	261	9	allocation	allocation	NOUN
taxlaw-6680	261	10	of	of	ADP
taxlaw-6680	261	11	all	all	DET
taxlaw-6680	261	12	$	$	SYM
taxlaw-6680	261	13	27x	27x	NOUN
taxlaw-6680	261	14	pre	pre	ADJ
taxlaw-6680	261	15	-	-	ADJ
taxlaw-6680	261	16	tax	tax	ADJ
taxlaw-6680	261	17	income	income	NOUN
taxlaw-6680	261	18	to	to	ADP
taxlaw-6680	261	19	b	b	NOUN
taxlaw-6680	261	20	and	and	CCONJ
taxlaw-6680	261	21	c	c	X
taxlaw-6680	261	22	to	to	PART
taxlaw-6680	261	23	have	have	AUX
taxlaw-6680	261	24	economic	economic	ADJ
taxlaw-6680	261	25	effect	effect	NOUN
taxlaw-6680	261	26	,	,	PUNCT
taxlaw-6680	261	27	they	they	PRON
taxlaw-6680	261	28	must	must	AUX
taxlaw-6680	261	29	be	be	AUX
taxlaw-6680	261	30	actually	actually	ADV
taxlaw-6680	261	31	entitled	entitle	VERB
taxlaw-6680	261	32	to	to	ADP
taxlaw-6680	261	33	the	the	DET
taxlaw-6680	261	34	$	$	SYM
taxlaw-6680	261	35	27x	27x	NOUN
taxlaw-6680	261	36	in	in	ADP
taxlaw-6680	261	37	a	a	DET
taxlaw-6680	261	38	liquidation.44as	liquidation.44as	PROPN
taxlaw-6680	261	39	a	a	DET
taxlaw-6680	261	40	result	result	NOUN
taxlaw-6680	261	41	,	,	PUNCT
taxlaw-6680	261	42	a	a	PRON
taxlaw-6680	261	43	is	be	AUX
taxlaw-6680	261	44	worse	bad	ADJ
taxlaw-6680	261	45	-	-	PUNCT
taxlaw-6680	261	46	off	off	NOUN
taxlaw-6680	261	47	by	by	ADP
taxlaw-6680	261	48	$	$	SYM
taxlaw-6680	261	49	27x	27x	NOUN
taxlaw-6680	261	50	pre	pre	ADJ
taxlaw-6680	261	51	-	-	NOUN
taxlaw-6680	261	52	tax	tax	NOUN
taxlaw-6680	261	53	but	but	CCONJ
taxlaw-6680	261	54	can	can	AUX
taxlaw-6680	261	55	only	only	ADV
taxlaw-6680	261	56	generate	generate	VERB
taxlaw-6680	261	57	tax	tax	NOUN
taxlaw-6680	261	58	savings	saving	NOUN
taxlaw-6680	261	59	equal	equal	ADJ
taxlaw-6680	261	60	to	to	ADP
taxlaw-6680	261	61	a	a	DET
taxlaw-6680	261	62	fraction	fraction	NOUN
taxlaw-6680	261	63	(	(	PUNCT
taxlaw-6680	261	64	a	a	DET
taxlaw-6680	261	65	’s	’s	ADJ
taxlaw-6680	261	66	marginal	marginal	ADJ
taxlaw-6680	261	67	tax	tax	NOUN
taxlaw-6680	261	68	rate	rate	NOUN
taxlaw-6680	261	69	,	,	PUNCT
taxlaw-6680	261	70	or	or	CCONJ
taxlaw-6680	261	71	40	40	NUM
taxlaw-6680	261	72	%	%	NOUN
taxlaw-6680	261	73	)	)	PUNCT
taxlaw-6680	261	74	of	of	ADP
taxlaw-6680	261	75	$	$	SYM
taxlaw-6680	261	76	27x	27x	NUM
taxlaw-6680	261	77	.	.	PUNCT
taxlaw-6680	262	1	thus	thus	ADV
taxlaw-6680	262	2	,	,	PUNCT
taxlaw-6680	262	3	under	under	ADP
taxlaw-6680	262	4	the	the	DET
taxlaw-6680	262	5	economic	economic	ADJ
taxlaw-6680	262	6	effect	effect	NOUN
taxlaw-6680	262	7	requirement	requirement	NOUN
taxlaw-6680	262	8	,	,	PUNCT
taxlaw-6680	262	9	if	if	SCONJ
taxlaw-6680	262	10	a	a	DET
taxlaw-6680	262	11	desires	desire	NOUN
taxlaw-6680	262	12	higher	high	ADJ
taxlaw-6680	262	13	after	after	ADP
taxlaw-6680	262	14	-	-	PUNCT
taxlaw-6680	262	15	tax	tax	NOUN
taxlaw-6680	262	16	income	income	NOUN
taxlaw-6680	262	17	for	for	ADP
taxlaw-6680	262	18	himself	himself	PRON
taxlaw-6680	262	19	from	from	ADP
taxlaw-6680	262	20	partnership	partnership	NOUN
taxlaw-6680	262	21	activities	activity	NOUN
taxlaw-6680	262	22	,	,	PUNCT
taxlaw-6680	262	23	he	he	PRON
taxlaw-6680	262	24	must	must	AUX
taxlaw-6680	262	25	cause	cause	VERB
taxlaw-6680	262	26	the	the	DET
taxlaw-6680	262	27	partnership	partnership	NOUN
taxlaw-6680	262	28	to	to	PART
taxlaw-6680	262	29	earn	earn	VERB
taxlaw-6680	262	30	higher	high	ADJ
taxlaw-6680	262	31	pre	pre	ADJ
taxlaw-6680	262	32	-	-	ADJ
taxlaw-6680	262	33	tax	tax	ADJ
taxlaw-6680	262	34	income	income	NOUN
taxlaw-6680	262	35	using	use	VERB
taxlaw-6680	262	36	his	his	PRON
taxlaw-6680	262	37	knowledge	knowledge	NOUN
taxlaw-6680	262	38	and	and	CCONJ
taxlaw-6680	262	39	expertise	expertise	NOUN
taxlaw-6680	262	40	.	.	PUNCT
taxlaw-6680	263	1	this	this	PRON
taxlaw-6680	263	2	aligns	align	VERB
taxlaw-6680	263	3	a	a	DET
taxlaw-6680	263	4	’s	’s	ADJ
taxlaw-6680	263	5	personal	personal	ADJ
taxlaw-6680	263	6	interest	interest	NOUN
taxlaw-6680	263	7	with	with	ADP
taxlaw-6680	263	8	the	the	DET
taxlaw-6680	263	9	interest	interest	NOUN
taxlaw-6680	263	10	of	of	ADP
taxlaw-6680	263	11	society	society	NOUN
taxlaw-6680	263	12	and	and	CCONJ
taxlaw-6680	263	13	eliminates	eliminate	VERB
taxlaw-6680	263	14	the	the	DET
taxlaw-6680	263	15	$	$	SYM
taxlaw-6680	263	16	3x	3x	NOUN
taxlaw-6680	263	17	efficiency	efficiency	NOUN
taxlaw-6680	263	18	cost	cost	NOUN
taxlaw-6680	263	19	.	.	PUNCT
taxlaw-6680	264	1	under	under	ADP
taxlaw-6680	264	2	the	the	DET
taxlaw-6680	264	3	primary	primary	ADJ
taxlaw-6680	264	4	test	test	NOUN
taxlaw-6680	264	5	,	,	PUNCT
taxlaw-6680	264	6	an	an	DET
taxlaw-6680	264	7	allocation	allocation	NOUN
taxlaw-6680	264	8	is	be	AUX
taxlaw-6680	264	9	treated	treat	VERB
taxlaw-6680	264	10	as	as	ADP
taxlaw-6680	264	11	having	have	VERB
taxlaw-6680	264	12	economic	economic	ADJ
taxlaw-6680	264	13	effect	effect	NOUN
taxlaw-6680	264	14	if	if	SCONJ
taxlaw-6680	264	15	:	:	PUNCT
taxlaw-6680	264	16	(	(	PUNCT
taxlaw-6680	264	17	1	1	X
taxlaw-6680	264	18	)	)	PUNCT
taxlaw-6680	264	19	the	the	DET
taxlaw-6680	264	20	partners	partner	NOUN
taxlaw-6680	264	21	’	'	PUNCT
taxlaw-6680	264	22	capital	capital	NOUN
taxlaw-6680	264	23	accounts	account	NOUN
taxlaw-6680	264	24	are	be	AUX
taxlaw-6680	264	25	maintained	maintain	VERB
taxlaw-6680	264	26	to	to	PART
taxlaw-6680	264	27	reflect	reflect	VERB
taxlaw-6680	264	28	any	any	DET
taxlaw-6680	264	29	changes	change	NOUN
taxlaw-6680	264	30	in	in	ADP
taxlaw-6680	264	31	economic	economic	ADJ
taxlaw-6680	264	32	entitlement	entitlement	NOUN
taxlaw-6680	264	33	to	to	ADP
taxlaw-6680	264	34	38	38	NUM
taxlaw-6680	264	35	see	see	NOUN
taxlaw-6680	264	36	i.r.c	i.r.c	NOUN
taxlaw-6680	264	37	.	.	PUNCT
taxlaw-6680	265	1	§	§	PROPN
taxlaw-6680	265	2	704(b	704(b	PROPN
taxlaw-6680	265	3	)	)	PUNCT
taxlaw-6680	265	4	;	;	PUNCT
taxlaw-6680	266	1	treas	treas	PROPN
taxlaw-6680	266	2	.	.	PUNCT
taxlaw-6680	267	1	reg	reg	PROPN
taxlaw-6680	267	2	.	.	PUNCT
taxlaw-6680	268	1	§	§	PROPN
taxlaw-6680	268	2	1.704	1.704	NUM
taxlaw-6680	268	3	-	-	NUM
taxlaw-6680	268	4	1(b)(1)(i	1(b)(1)(i	NUM
taxlaw-6680	268	5	)	)	PUNCT
taxlaw-6680	268	6	.	.	PUNCT
taxlaw-6680	269	1	39	39	NUM
taxlaw-6680	269	2	to	to	PART
taxlaw-6680	269	3	satisfy	satisfy	VERB
taxlaw-6680	269	4	the	the	DET
taxlaw-6680	269	5	pip	pip	PROPN
taxlaw-6680	269	6	test	test	NOUN
taxlaw-6680	269	7	,	,	PUNCT
taxlaw-6680	269	8	an	an	DET
taxlaw-6680	269	9	allocation	allocation	NOUN
taxlaw-6680	269	10	must	must	AUX
taxlaw-6680	269	11	be	be	AUX
taxlaw-6680	269	12	made	make	VERB
taxlaw-6680	269	13	“	"	PUNCT
taxlaw-6680	269	14	in	in	ADP
taxlaw-6680	269	15	accordance	accordance	NOUN
taxlaw-6680	269	16	with	with	ADP
taxlaw-6680	269	17	the	the	DET
taxlaw-6680	269	18	partner	partner	NOUN
taxlaw-6680	269	19	’s	’s	PART
taxlaw-6680	269	20	interest	interest	NOUN
taxlaw-6680	269	21	in	in	ADP
taxlaw-6680	269	22	the	the	DET
taxlaw-6680	269	23	partnership	partnership	NOUN
taxlaw-6680	269	24	.	.	PUNCT
taxlaw-6680	269	25	”	"	PUNCT
taxlaw-6680	270	1	see	see	VERB
taxlaw-6680	270	2	i.r.c	i.r.c	NOUN
taxlaw-6680	270	3	.	.	PUNCT
taxlaw-6680	271	1	§	§	PROPN
taxlaw-6680	271	2	704(b	704(b	PROPN
taxlaw-6680	271	3	)	)	PUNCT
taxlaw-6680	271	4	.	.	PUNCT
taxlaw-6680	272	1	the	the	DET
taxlaw-6680	272	2	regulations	regulation	NOUN
taxlaw-6680	272	3	specify	specify	VERB
taxlaw-6680	272	4	four	four	NUM
taxlaw-6680	272	5	factors	factor	NOUN
taxlaw-6680	272	6	to	to	PART
taxlaw-6680	272	7	be	be	AUX
taxlaw-6680	272	8	considered	consider	VERB
taxlaw-6680	272	9	in	in	ADP
taxlaw-6680	272	10	determining	determine	VERB
taxlaw-6680	272	11	a	a	DET
taxlaw-6680	272	12	partner	partner	NOUN
taxlaw-6680	272	13	’s	’s	PART
taxlaw-6680	272	14	interest	interest	NOUN
taxlaw-6680	272	15	in	in	ADP
taxlaw-6680	272	16	the	the	DET
taxlaw-6680	272	17	partnership	partnership	NOUN
taxlaw-6680	272	18	,	,	PUNCT
taxlaw-6680	272	19	including	include	VERB
taxlaw-6680	272	20	relative	relative	ADJ
taxlaw-6680	272	21	contributions	contribution	NOUN
taxlaw-6680	272	22	,	,	PUNCT
taxlaw-6680	272	23	share	share	NOUN
taxlaw-6680	272	24	of	of	ADP
taxlaw-6680	272	25	economic	economic	ADJ
taxlaw-6680	272	26	profit	profit	NOUN
taxlaw-6680	272	27	or	or	CCONJ
taxlaw-6680	272	28	loss	loss	NOUN
taxlaw-6680	272	29	,	,	PUNCT
taxlaw-6680	272	30	cash	cash	NOUN
taxlaw-6680	272	31	flow	flow	NOUN
taxlaw-6680	272	32	rights	right	NOUN
taxlaw-6680	272	33	and	and	CCONJ
taxlaw-6680	272	34	other	other	ADJ
taxlaw-6680	272	35	nonliquidating	nonliquidate	VERB
taxlaw-6680	272	36	distributions	distribution	NOUN
taxlaw-6680	272	37	,	,	PUNCT
taxlaw-6680	272	38	right	right	ADJ
taxlaw-6680	272	39	,	,	PUNCT
taxlaw-6680	272	40	and	and	CCONJ
taxlaw-6680	272	41	entitlement	entitlement	NOUN
taxlaw-6680	272	42	to	to	ADP
taxlaw-6680	272	43	liquidating	liquidating	NOUN
taxlaw-6680	272	44	distributions	distribution	NOUN
taxlaw-6680	272	45	,	,	PUNCT
taxlaw-6680	272	46	but	but	CCONJ
taxlaw-6680	272	47	otherwise	otherwise	ADV
taxlaw-6680	272	48	provides	provide	VERB
taxlaw-6680	272	49	little	little	ADJ
taxlaw-6680	272	50	guidance	guidance	NOUN
taxlaw-6680	272	51	on	on	ADP
taxlaw-6680	272	52	how	how	SCONJ
taxlaw-6680	272	53	those	those	DET
taxlaw-6680	272	54	factors	factor	NOUN
taxlaw-6680	272	55	should	should	AUX
taxlaw-6680	272	56	be	be	AUX
taxlaw-6680	272	57	weighted	weight	VERB
taxlaw-6680	272	58	and	and	CCONJ
taxlaw-6680	272	59	applied	apply	VERB
taxlaw-6680	272	60	.	.	PUNCT
taxlaw-6680	273	1	treas	treas	PROPN
taxlaw-6680	273	2	.	.	PUNCT
taxlaw-6680	274	1	reg	reg	PROPN
taxlaw-6680	274	2	.	.	PUNCT
taxlaw-6680	275	1	§	§	PROPN
taxlaw-6680	275	2	1.704	1.704	NUM
taxlaw-6680	275	3	-	-	NUM
taxlaw-6680	275	4	1(b)(3)(ii	1(b)(3)(ii	NUM
taxlaw-6680	275	5	)	)	PUNCT
taxlaw-6680	275	6	.	.	PUNCT
taxlaw-6680	276	1	see	see	VERB
taxlaw-6680	276	2	also	also	ADV
taxlaw-6680	276	3	william	william	PROPN
taxlaw-6680	276	4	g.	g.	PROPN
taxlaw-6680	276	5	cavanagh	cavanagh	PROPN
taxlaw-6680	276	6	,	,	PUNCT
taxlaw-6680	276	7	targeted	target	VERB
taxlaw-6680	276	8	allocations	allocation	NOUN
taxlaw-6680	276	9	hit	hit	VERB
taxlaw-6680	276	10	the	the	DET
taxlaw-6680	276	11	spot	spot	NOUN
taxlaw-6680	276	12	,	,	PUNCT
taxlaw-6680	276	13	129	129	NUM
taxlaw-6680	276	14	tax	tax	NOUN
taxlaw-6680	276	15	notes	note	NOUN
taxlaw-6680	276	16	89	89	NUM
taxlaw-6680	276	17	,	,	PUNCT
taxlaw-6680	276	18	96(oct	96(oct	NOUN
taxlaw-6680	276	19	.	.	PUNCT
taxlaw-6680	277	1	4	4	NUM
taxlaw-6680	277	2	,	,	PUNCT
taxlaw-6680	277	3	2010	2010	NUM
taxlaw-6680	277	4	)	)	PUNCT
taxlaw-6680	277	5	(	(	PUNCT
taxlaw-6680	277	6	stating	state	VERB
taxlaw-6680	277	7	that	that	SCONJ
taxlaw-6680	277	8	the	the	DET
taxlaw-6680	277	9	lack	lack	NOUN
taxlaw-6680	277	10	of	of	ADP
taxlaw-6680	277	11	guidance	guidance	NOUN
taxlaw-6680	277	12	on	on	ADP
taxlaw-6680	277	13	the	the	DET
taxlaw-6680	277	14	pip	pip	PROPN
taxlaw-6680	277	15	test	test	NOUN
taxlaw-6680	277	16	indicates	indicate	VERB
taxlaw-6680	277	17	the	the	DET
taxlaw-6680	277	18	drafters	drafter	NOUN
taxlaw-6680	277	19	’	'	PUNCT
taxlaw-6680	277	20	desire	desire	NOUN
taxlaw-6680	277	21	to	to	PART
taxlaw-6680	277	22	encourage	encourage	VERB
taxlaw-6680	277	23	taxpayers	taxpayer	NOUN
taxlaw-6680	277	24	’	’	PART
taxlaw-6680	277	25	reliance	reliance	NOUN
taxlaw-6680	277	26	on	on	ADP
taxlaw-6680	277	27	the	the	DET
taxlaw-6680	277	28	see	see	ADJ
taxlaw-6680	277	29	safe	safe	ADJ
taxlaw-6680	277	30	harbor	harbor	NOUN
taxlaw-6680	277	31	)	)	PUNCT
taxlaw-6680	277	32	.	.	PUNCT
taxlaw-6680	278	1	40	40	NUM
taxlaw-6680	278	2	treas	trea	NOUN
taxlaw-6680	278	3	.	.	PUNCT
taxlaw-6680	279	1	reg	reg	PROPN
taxlaw-6680	279	2	.	.	PUNCT
taxlaw-6680	280	1	§	§	PROPN
taxlaw-6680	280	2	1.704	1.704	NUM
taxlaw-6680	280	3	-	-	NUM
taxlaw-6680	280	4	1(b)(2)(ii)(b	1(b)(2)(ii)(b	NUM
taxlaw-6680	280	5	)	)	PUNCT
taxlaw-6680	280	6	,	,	PUNCT
taxlaw-6680	280	7	(	(	PUNCT
taxlaw-6680	280	8	d),(i	d),(i	NOUN
taxlaw-6680	280	9	)	)	PUNCT
taxlaw-6680	280	10	.	.	PUNCT
taxlaw-6680	281	1	41treas	41treas	X
taxlaw-6680	281	2	.	.	PUNCT
taxlaw-6680	282	1	reg	reg	PROPN
taxlaw-6680	282	2	.	.	PUNCT
taxlaw-6680	283	1	§	§	PROPN
taxlaw-6680	283	2	1.704	1.704	NUM
taxlaw-6680	283	3	-	-	NUM
taxlaw-6680	283	4	1(b)(1)(i	1(b)(1)(i	NUM
taxlaw-6680	283	5	)	)	PUNCT
taxlaw-6680	283	6	,	,	PUNCT
taxlaw-6680	283	7	(	(	PUNCT
taxlaw-6680	283	8	b)(2)(i	b)(2)(i	PROPN
taxlaw-6680	283	9	)	)	PUNCT
taxlaw-6680	283	10	.	.	PUNCT
taxlaw-6680	284	1	42	42	NUM
taxlaw-6680	284	2	treas	trea	NOUN
taxlaw-6680	284	3	.	.	PUNCT
taxlaw-6680	285	1	reg	reg	PROPN
taxlaw-6680	285	2	.	.	PUNCT
taxlaw-6680	286	1	§	§	PROPN
taxlaw-6680	286	2	1.704	1.704	NUM
taxlaw-6680	286	3	-	-	NUM
taxlaw-6680	286	4	1(b)(1)(i	1(b)(1)(i	NUM
taxlaw-6680	286	5	)	)	PUNCT
taxlaw-6680	286	6	.	.	PUNCT
taxlaw-6680	287	1	43	43	NUM
taxlaw-6680	287	2	treas	trea	NOUN
taxlaw-6680	287	3	.	.	PUNCT
taxlaw-6680	288	1	reg	reg	PROPN
taxlaw-6680	288	2	.	.	PUNCT
taxlaw-6680	289	1	§	§	PROPN
taxlaw-6680	289	2	1.704	1.704	NUM
taxlaw-6680	289	3	-	-	NUM
taxlaw-6680	289	4	1(b)(2)(ii)(a	1(b)(2)(ii)(a	NUM
taxlaw-6680	289	5	)	)	PUNCT
taxlaw-6680	289	6	.	.	PUNCT
taxlaw-6680	290	1	44	44	NUM
taxlaw-6680	290	2	see	see	VERB
taxlaw-6680	290	3	,	,	PUNCT
taxlaw-6680	290	4	e.g.	e.g.	ADV
taxlaw-6680	290	5	,treas	,treas	PUNCT
taxlaw-6680	290	6	.	.	PUNCT
taxlaw-6680	291	1	reg	reg	PROPN
taxlaw-6680	291	2	.	.	PUNCT
taxlaw-6680	292	1	§	§	PROPN
taxlaw-6680	292	2	1.704	1.704	NUM
taxlaw-6680	292	3	-	-	NUM
taxlaw-6680	292	4	1(b)(5),ex.(1)(i)–(ii	1(b)(5),ex.(1)(i)–(ii	NUM
taxlaw-6680	292	5	)	)	PUNCT
taxlaw-6680	292	6	.	.	PUNCT
taxlaw-6680	293	1	2019	2019	NUM
taxlaw-6680	293	2	]	]	PUNCT
taxlaw-6680	293	3	a	a	DET
taxlaw-6680	293	4	gain	gain	NOUN
taxlaw-6680	293	5	must	must	AUX
taxlaw-6680	293	6	lie	lie	VERB
taxlaw-6680	293	7	where	where	SCONJ
taxlaw-6680	293	8	it	it	PRON
taxlaw-6680	293	9	falls	fall	VERB
taxlaw-6680	293	10	:	:	PUNCT
taxlaw-6680	293	11	matching	match	VERB
taxlaw-6680	293	12	tax	tax	NOUN
taxlaw-6680	293	13	with	with	ADP
taxlaw-6680	293	14	economics	economic	NOUN
taxlaw-6680	293	15	in	in	ADP
taxlaw-6680	293	16	subchapter	subchapter	NOUN
taxlaw-6680	293	17	k	k	PROPN
taxlaw-6680	293	18	115	115	NUM
taxlaw-6680	293	19	partnership	partnership	NOUN
taxlaw-6680	293	20	net	net	ADJ
taxlaw-6680	293	21	assets	asset	NOUN
taxlaw-6680	293	22	as	as	ADP
taxlaw-6680	293	23	a	a	DET
taxlaw-6680	293	24	result	result	NOUN
taxlaw-6680	293	25	of	of	ADP
taxlaw-6680	293	26	partnership	partnership	NOUN
taxlaw-6680	293	27	allocations	allocation	NOUN
taxlaw-6680	293	28	;	;	PUNCT
taxlaw-6680	293	29	(	(	PUNCT
taxlaw-6680	293	30	2	2	X
taxlaw-6680	293	31	)	)	PUNCT
taxlaw-6680	293	32	each	each	DET
taxlaw-6680	293	33	partner	partner	NOUN
taxlaw-6680	293	34	will	will	AUX
taxlaw-6680	293	35	receive	receive	VERB
taxlaw-6680	293	36	her	her	PRON
taxlaw-6680	293	37	economic	economic	ADJ
taxlaw-6680	293	38	entitlement	entitlement	NOUN
taxlaw-6680	293	39	in	in	ADP
taxlaw-6680	293	40	liquidation	liquidation	NOUN
taxlaw-6680	293	41	;	;	PUNCT
taxlaw-6680	293	42	and	and	CCONJ
taxlaw-6680	293	43	(	(	PUNCT
taxlaw-6680	293	44	3	3	X
taxlaw-6680	293	45	)	)	PUNCT
taxlaw-6680	293	46	a	a	DET
taxlaw-6680	293	47	deficit	deficit	NOUN
taxlaw-6680	293	48	in	in	ADP
taxlaw-6680	293	49	a	a	DET
taxlaw-6680	293	50	partner	partner	NOUN
taxlaw-6680	293	51	’s	’s	PART
taxlaw-6680	293	52	capital	capital	NOUN
taxlaw-6680	293	53	account	account	PROPN
taxlaw-6680	293	54	balance	balance	NOUN
taxlaw-6680	293	55	,	,	PUNCT
taxlaw-6680	293	56	representing	represent	VERB
taxlaw-6680	293	57	the	the	DET
taxlaw-6680	293	58	amount	amount	NOUN
taxlaw-6680	293	59	owed	owe	VERB
taxlaw-6680	293	60	to	to	ADP
taxlaw-6680	293	61	the	the	DET
taxlaw-6680	293	62	partnership	partnership	NOUN
taxlaw-6680	293	63	because	because	SCONJ
taxlaw-6680	293	64	of	of	ADP
taxlaw-6680	293	65	events	event	NOUN
taxlaw-6680	293	66	such	such	ADJ
taxlaw-6680	293	67	as	as	ADP
taxlaw-6680	293	68	distribution	distribution	NOUN
taxlaw-6680	293	69	,	,	PUNCT
taxlaw-6680	293	70	allocation	allocation	NOUN
taxlaw-6680	293	71	of	of	ADP
taxlaw-6680	293	72	partnership	partnership	NOUN
taxlaw-6680	293	73	expense	expense	NOUN
taxlaw-6680	293	74	,	,	PUNCT
taxlaw-6680	293	75	or	or	CCONJ
taxlaw-6680	293	76	loss	loss	NOUN
taxlaw-6680	293	77	or	or	CCONJ
taxlaw-6680	293	78	assumption	assumption	NOUN
taxlaw-6680	293	79	of	of	ADP
taxlaw-6680	293	80	partnership	partnership	NOUN
taxlaw-6680	293	81	liabilities,45	liabilities,45	NOUN
taxlaw-6680	293	82	triggers	trigger	VERB
taxlaw-6680	293	83	an	an	DET
taxlaw-6680	293	84	unlimited	unlimited	ADJ
taxlaw-6680	293	85	obligation	obligation	NOUN
taxlaw-6680	293	86	(	(	PUNCT
taxlaw-6680	293	87	known	know	VERB
taxlaw-6680	293	88	as	as	ADP
taxlaw-6680	293	89	“	"	PUNCT
taxlaw-6680	293	90	deficit	deficit	NOUN
taxlaw-6680	293	91	restoration	restoration	NOUN
taxlaw-6680	293	92	obligation	obligation	NOUN
taxlaw-6680	293	93	,	,	PUNCT
taxlaw-6680	293	94	”	"	PUNCT
taxlaw-6680	293	95	or	or	CCONJ
taxlaw-6680	293	96	“	"	PUNCT
taxlaw-6680	293	97	dro	dro	PROPN
taxlaw-6680	293	98	”	"	PUNCT
taxlaw-6680	293	99	)	)	PUNCT
taxlaw-6680	293	100	for	for	SCONJ
taxlaw-6680	293	101	the	the	DET
taxlaw-6680	293	102	partner	partner	NOUN
taxlaw-6680	293	103	to	to	PART
taxlaw-6680	293	104	reimburse	reimburse	VERB
taxlaw-6680	293	105	the	the	DET
taxlaw-6680	293	106	partnership	partnership	NOUN
taxlaw-6680	293	107	in	in	ADP
taxlaw-6680	293	108	liquidation.46	liquidation.46	PROPN
taxlaw-6680	293	109	thus	thus	ADV
taxlaw-6680	293	110	,	,	PUNCT
taxlaw-6680	293	111	the	the	DET
taxlaw-6680	293	112	see	see	ADJ
taxlaw-6680	293	113	safe	safe	ADJ
taxlaw-6680	293	114	harbor	harbor	NOUN
taxlaw-6680	293	115	uses	use	VERB
taxlaw-6680	293	116	the	the	DET
taxlaw-6680	293	117	capital	capital	NOUN
taxlaw-6680	293	118	account	account	NOUN
taxlaw-6680	293	119	balance	balance	NOUN
taxlaw-6680	293	120	to	to	PART
taxlaw-6680	293	121	measure	measure	VERB
taxlaw-6680	293	122	the	the	DET
taxlaw-6680	293	123	partner	partner	NOUN
taxlaw-6680	293	124	’s	’s	PART
taxlaw-6680	293	125	economic	economic	ADJ
taxlaw-6680	293	126	entitlement	entitlement	NOUN
taxlaw-6680	293	127	to	to	ADP
taxlaw-6680	293	128	the	the	DET
taxlaw-6680	293	129	partnership	partnership	NOUN
taxlaw-6680	293	130	’s	’s	PART
taxlaw-6680	293	131	net	net	ADJ
taxlaw-6680	293	132	assets	asset	NOUN
taxlaw-6680	293	133	or	or	CCONJ
taxlaw-6680	293	134	the	the	DET
taxlaw-6680	293	135	partner	partner	NOUN
taxlaw-6680	293	136	’s	’s	PART
taxlaw-6680	293	137	obligation	obligation	NOUN
taxlaw-6680	293	138	to	to	PART
taxlaw-6680	293	139	make	make	VERB
taxlaw-6680	293	140	additional	additional	ADJ
taxlaw-6680	293	141	contributions	contribution	NOUN
taxlaw-6680	293	142	to	to	ADP
taxlaw-6680	293	143	the	the	DET
taxlaw-6680	293	144	partnership.47	partnership.47	PROPN
taxlaw-6680	293	145	under	under	ADP
taxlaw-6680	293	146	the	the	DET
taxlaw-6680	293	147	alternate	alternate	ADJ
taxlaw-6680	293	148	test	test	NOUN
taxlaw-6680	293	149	for	for	ADP
taxlaw-6680	293	150	economic	economic	ADJ
taxlaw-6680	293	151	effect	effect	NOUN
taxlaw-6680	293	152	,	,	PUNCT
taxlaw-6680	293	153	if	if	SCONJ
taxlaw-6680	293	154	the	the	DET
taxlaw-6680	293	155	partnership	partnership	NOUN
taxlaw-6680	293	156	agreement	agreement	NOUN
taxlaw-6680	293	157	otherwise	otherwise	ADV
taxlaw-6680	293	158	satisfies	satisfy	VERB
taxlaw-6680	293	159	the	the	DET
taxlaw-6680	293	160	primary	primary	ADJ
taxlaw-6680	293	161	test	test	NOUN
taxlaw-6680	293	162	but	but	CCONJ
taxlaw-6680	293	163	for	for	ADP
taxlaw-6680	293	164	the	the	DET
taxlaw-6680	293	165	fact	fact	NOUN
taxlaw-6680	293	166	that	that	SCONJ
taxlaw-6680	293	167	some	some	PRON
taxlaw-6680	293	168	or	or	CCONJ
taxlaw-6680	293	169	all	all	DET
taxlaw-6680	293	170	partners	partner	NOUN
taxlaw-6680	293	171	do	do	AUX
taxlaw-6680	293	172	not	not	PART
taxlaw-6680	293	173	have	have	AUX
taxlaw-6680	293	174	an	an	DET
taxlaw-6680	293	175	unlimited	unlimited	ADJ
taxlaw-6680	293	176	dro	dro	NOUN
taxlaw-6680	293	177	,	,	PUNCT
taxlaw-6680	293	178	which	which	PRON
taxlaw-6680	293	179	can	can	AUX
taxlaw-6680	293	180	be	be	AUX
taxlaw-6680	293	181	common	common	ADJ
taxlaw-6680	293	182	for	for	ADP
taxlaw-6680	293	183	limited	limited	ADJ
taxlaw-6680	293	184	partnerships	partnership	NOUN
taxlaw-6680	293	185	or	or	CCONJ
taxlaw-6680	293	186	limited	limited	ADJ
taxlaw-6680	293	187	liability	liability	NOUN
taxlaw-6680	293	188	corporations	corporation	NOUN
taxlaw-6680	293	189	,	,	PUNCT
taxlaw-6680	293	190	an	an	DET
taxlaw-6680	293	191	allocation	allocation	NOUN
taxlaw-6680	293	192	still	still	ADV
taxlaw-6680	293	193	has	have	VERB
taxlaw-6680	293	194	economic	economic	ADJ
taxlaw-6680	293	195	effect	effect	NOUN
taxlaw-6680	293	196	upon	upon	SCONJ
taxlaw-6680	293	197	the	the	DET
taxlaw-6680	293	198	satisfaction	satisfaction	NOUN
taxlaw-6680	293	199	of	of	ADP
taxlaw-6680	293	200	two	two	NUM
taxlaw-6680	293	201	conditions	condition	NOUN
taxlaw-6680	293	202	.	.	PUNCT
taxlaw-6680	294	1	first	first	ADV
taxlaw-6680	294	2	,	,	PUNCT
taxlaw-6680	294	3	the	the	DET
taxlaw-6680	294	4	allocation	allocation	NOUN
taxlaw-6680	294	5	can	can	AUX
taxlaw-6680	294	6	not	not	PART
taxlaw-6680	294	7	create	create	VERB
taxlaw-6680	294	8	or	or	CCONJ
taxlaw-6680	294	9	increase	increase	VERB
taxlaw-6680	294	10	a	a	DET
taxlaw-6680	294	11	deficit	deficit	NOUN
taxlaw-6680	294	12	in	in	ADP
taxlaw-6680	294	13	capital	capital	NOUN
taxlaw-6680	294	14	account	account	NOUN
taxlaw-6680	294	15	balances	balance	NOUN
taxlaw-6680	294	16	in	in	ADP
taxlaw-6680	294	17	excess	excess	NOUN
taxlaw-6680	294	18	of	of	ADP
taxlaw-6680	294	19	any	any	DET
taxlaw-6680	294	20	limited	limited	ADJ
taxlaw-6680	294	21	dro	dro	PROPN
taxlaw-6680	294	22	.	.	PUNCT
taxlaw-6680	295	1	second	second	ADJ
taxlaw-6680	295	2	,	,	PUNCT
taxlaw-6680	295	3	the	the	DET
taxlaw-6680	295	4	partnership	partnership	NOUN
taxlaw-6680	295	5	agreement	agreement	NOUN
taxlaw-6680	295	6	must	must	AUX
taxlaw-6680	295	7	have	have	VERB
taxlaw-6680	295	8	a	a	DET
taxlaw-6680	295	9	provision	provision	NOUN
taxlaw-6680	295	10	(	(	PUNCT
taxlaw-6680	295	11	known	know	VERB
taxlaw-6680	295	12	as	as	ADP
taxlaw-6680	295	13	“	"	PUNCT
taxlaw-6680	295	14	qualified	qualified	ADJ
taxlaw-6680	295	15	income	income	NOUN
taxlaw-6680	295	16	offset	offset	VERB
taxlaw-6680	295	17	,	,	PUNCT
taxlaw-6680	295	18	”	"	PUNCT
taxlaw-6680	295	19	or	or	CCONJ
taxlaw-6680	295	20	“	"	PUNCT
taxlaw-6680	295	21	qio	qio	NOUN
taxlaw-6680	295	22	”	"	PUNCT
taxlaw-6680	295	23	)	)	PUNCT
taxlaw-6680	295	24	that	that	PRON
taxlaw-6680	295	25	requires	require	VERB
taxlaw-6680	295	26	offsetting	offset	VERB
taxlaw-6680	295	27	allocations	allocation	NOUN
taxlaw-6680	295	28	to	to	PART
taxlaw-6680	295	29	be	be	AUX
taxlaw-6680	295	30	made	make	VERB
taxlaw-6680	295	31	as	as	ADV
taxlaw-6680	295	32	quickly	quickly	ADV
taxlaw-6680	295	33	as	as	ADP
taxlaw-6680	295	34	possible	possible	ADJ
taxlaw-6680	295	35	to	to	PART
taxlaw-6680	295	36	eliminate	eliminate	VERB
taxlaw-6680	295	37	any	any	DET
taxlaw-6680	295	38	capital	capital	NOUN
taxlaw-6680	295	39	account	account	NOUN
taxlaw-6680	295	40	deficit	deficit	NOUN
taxlaw-6680	295	41	caused	cause	VERB
taxlaw-6680	295	42	by	by	ADP
taxlaw-6680	295	43	certain	certain	ADJ
taxlaw-6680	295	44	events	event	NOUN
taxlaw-6680	295	45	such	such	ADJ
taxlaw-6680	295	46	as	as	ADP
taxlaw-6680	295	47	an	an	DET
taxlaw-6680	295	48	unexpected	unexpected	ADJ
taxlaw-6680	295	49	partnership	partnership	NOUN
taxlaw-6680	295	50	distribution.48	distribution.48	NOUN
taxlaw-6680	295	51	this	this	PRON
taxlaw-6680	295	52	may	may	AUX
taxlaw-6680	295	53	require	require	VERB
taxlaw-6680	295	54	an	an	DET
taxlaw-6680	295	55	allocation	allocation	NOUN
taxlaw-6680	295	56	of	of	ADP
taxlaw-6680	295	57	partnership	partnership	NOUN
taxlaw-6680	295	58	gross	gross	ADJ
taxlaw-6680	295	59	income	income	NOUN
taxlaw-6680	295	60	or	or	CCONJ
taxlaw-6680	295	61	gain	gain	NOUN
taxlaw-6680	295	62	,	,	PUNCT
taxlaw-6680	295	63	given	give	VERB
taxlaw-6680	295	64	that	that	SCONJ
taxlaw-6680	295	65	the	the	DET
taxlaw-6680	295	66	qio	qio	NOUN
taxlaw-6680	295	67	regulation	regulation	NOUN
taxlaw-6680	295	68	specifically	specifically	ADV
taxlaw-6680	295	69	refers	refer	VERB
taxlaw-6680	295	70	to	to	ADP
taxlaw-6680	295	71	gross	gross	ADJ
taxlaw-6680	295	72	income	income	NOUN
taxlaw-6680	295	73	in	in	ADP
taxlaw-6680	295	74	the	the	DET
taxlaw-6680	295	75	treasury	treasury	NOUN
taxlaw-6680	295	76	regulations.49	regulations.49	NOUN
taxlaw-6680	295	77	interestingly	interestingly	ADV
taxlaw-6680	295	78	,	,	PUNCT
taxlaw-6680	295	79	to	to	PART
taxlaw-6680	295	80	prevent	prevent	VERB
taxlaw-6680	295	81	partnerships	partnership	NOUN
taxlaw-6680	295	82	from	from	ADP
taxlaw-6680	295	83	manipulating	manipulate	VERB
taxlaw-6680	295	84	the	the	DET
taxlaw-6680	295	85	timing	timing	NOUN
taxlaw-6680	295	86	of	of	ADP
taxlaw-6680	295	87	distributions	distribution	NOUN
taxlaw-6680	295	88	to	to	PART
taxlaw-6680	295	89	fit	fit	VERB
taxlaw-6680	295	90	an	an	DET
taxlaw-6680	295	91	allocation	allocation	NOUN
taxlaw-6680	295	92	of	of	ADP
taxlaw-6680	295	93	deduction	deduction	NOUN
taxlaw-6680	295	94	into	into	ADP
taxlaw-6680	295	95	the	the	DET
taxlaw-6680	295	96	alternate	alternate	ADJ
taxlaw-6680	295	97	test	test	NOUN
taxlaw-6680	295	98	(	(	PUNCT
taxlaw-6680	295	99	for	for	ADP
taxlaw-6680	295	100	example	example	NOUN
taxlaw-6680	295	101	,	,	PUNCT
taxlaw-6680	295	102	by	by	ADP
taxlaw-6680	295	103	deferring	defer	VERB
taxlaw-6680	295	104	a	a	DET
taxlaw-6680	295	105	distribution	distribution	NOUN
taxlaw-6680	295	106	to	to	ADP
taxlaw-6680	295	107	the	the	DET
taxlaw-6680	295	108	beginning	beginning	NOUN
taxlaw-6680	295	109	of	of	ADP
taxlaw-6680	295	110	the	the	DET
taxlaw-6680	295	111	next	next	ADJ
taxlaw-6680	295	112	year	year	NOUN
taxlaw-6680	295	113	so	so	SCONJ
taxlaw-6680	295	114	that	that	SCONJ
taxlaw-6680	295	115	a	a	DET
taxlaw-6680	295	116	partner	partner	NOUN
taxlaw-6680	295	117	has	have	VERB
taxlaw-6680	295	118	a	a	DET
taxlaw-6680	295	119	greater	great	ADJ
taxlaw-6680	295	120	capital	capital	NOUN
taxlaw-6680	295	121	account	account	NOUN
taxlaw-6680	295	122	balance	balance	NOUN
taxlaw-6680	295	123	to	to	PART
taxlaw-6680	295	124	absorb	absorb	VERB
taxlaw-6680	295	125	a	a	DET
taxlaw-6680	295	126	deduction	deduction	NOUN
taxlaw-6680	295	127	in	in	ADP
taxlaw-6680	295	128	the	the	DET
taxlaw-6680	295	129	current	current	ADJ
taxlaw-6680	295	130	year	year	NOUN
taxlaw-6680	295	131	)	)	PUNCT
taxlaw-6680	295	132	,	,	PUNCT
taxlaw-6680	295	133	the	the	DET
taxlaw-6680	295	134	regulation	regulation	NOUN
taxlaw-6680	295	135	requires	require	VERB
taxlaw-6680	295	136	that	that	SCONJ
taxlaw-6680	295	137	a	a	DET
taxlaw-6680	295	138	partner	partner	NOUN
taxlaw-6680	295	139	’s	’s	PART
taxlaw-6680	295	140	capital	capital	NOUN
taxlaw-6680	295	141	account	account	NOUN
taxlaw-6680	295	142	balance	balance	NOUN
taxlaw-6680	295	143	be	be	AUX
taxlaw-6680	295	144	reduced	reduce	VERB
taxlaw-6680	295	145	by	by	ADP
taxlaw-6680	295	146	the	the	DET
taxlaw-6680	295	147	excess	excess	NOUN
taxlaw-6680	295	148	of	of	ADP
taxlaw-6680	295	149	expected	expect	VERB
taxlaw-6680	295	150	future	future	ADJ
taxlaw-6680	295	151	distributions	distribution	NOUN
taxlaw-6680	295	152	over	over	ADP
taxlaw-6680	295	153	the	the	DET
taxlaw-6680	295	154	reasonably	reasonably	ADV
taxlaw-6680	295	155	expected	expect	VERB
taxlaw-6680	295	156	future	future	ADJ
taxlaw-6680	295	157	offsetting	offset	VERB
taxlaw-6680	295	158	increases	increase	NOUN
taxlaw-6680	295	159	in	in	ADP
taxlaw-6680	295	160	the	the	DET
taxlaw-6680	295	161	partners	partner	NOUN
taxlaw-6680	295	162	’	'	PUNCT
taxlaw-6680	295	163	capital	capital	NOUN
taxlaw-6680	295	164	account	account	PROPN
taxlaw-6680	295	165	balances.50	balances.50	PROPN
taxlaw-6680	295	166	b.	b.	PROPN
taxlaw-6680	295	167	mismatch	mismatch	PROPN
taxlaw-6680	295	168	between	between	ADP
taxlaw-6680	295	169	tax	tax	NOUN
taxlaw-6680	295	170	and	and	CCONJ
taxlaw-6680	295	171	economic	economic	ADJ
taxlaw-6680	295	172	under	under	ADP
taxlaw-6680	295	173	the	the	DET
taxlaw-6680	295	174	treasury	treasury	NOUN
taxlaw-6680	295	175	’s	’s	PART
taxlaw-6680	295	176	capital	capital	NOUN
taxlaw-6680	295	177	account	account	NOUN
taxlaw-6680	295	178	approach	approach	NOUN
taxlaw-6680	295	179	1	1	NUM
taxlaw-6680	295	180	.	.	PUNCT
taxlaw-6680	296	1	the	the	DET
taxlaw-6680	296	2	“	"	PUNCT
taxlaw-6680	296	3	ceiling	ceiling	NOUN
taxlaw-6680	296	4	rule	rule	NOUN
taxlaw-6680	296	5	”	"	PUNCT
taxlaw-6680	296	6	issue	issue	NOUN
taxlaw-6680	296	7	a	a	DET
taxlaw-6680	296	8	partner	partner	NOUN
taxlaw-6680	296	9	’s	’s	PART
taxlaw-6680	296	10	capital	capital	NOUN
taxlaw-6680	296	11	account	account	NOUN
taxlaw-6680	296	12	balance	balance	NOUN
taxlaw-6680	296	13	can	can	AUX
taxlaw-6680	296	14	only	only	ADV
taxlaw-6680	296	15	be	be	AUX
taxlaw-6680	296	16	adjusted	adjust	VERB
taxlaw-6680	296	17	when	when	SCONJ
taxlaw-6680	296	18	certain	certain	ADJ
taxlaw-6680	296	19	economic	economic	ADJ
taxlaw-6680	296	20	activities	activity	NOUN
taxlaw-6680	296	21	promulgated	promulgate	VERB
taxlaw-6680	296	22	by	by	ADP
taxlaw-6680	296	23	the	the	DET
taxlaw-6680	296	24	treasury	treasury	NOUN
taxlaw-6680	296	25	occur	occur	VERB
taxlaw-6680	296	26	.	.	PUNCT
taxlaw-6680	297	1	it	it	PRON
taxlaw-6680	297	2	is	be	AUX
taxlaw-6680	297	3	thus	thus	ADV
taxlaw-6680	297	4	possible	possible	ADJ
taxlaw-6680	297	5	that	that	SCONJ
taxlaw-6680	297	6	an	an	DET
taxlaw-6680	297	7	economic	economic	ADJ
taxlaw-6680	297	8	arrangement	arrangement	NOUN
taxlaw-6680	297	9	can	can	AUX
taxlaw-6680	297	10	not	not	PART
taxlaw-6680	297	11	be	be	AUX
taxlaw-6680	297	12	translated	translate	VERB
taxlaw-6680	297	13	into	into	ADP
taxlaw-6680	297	14	a	a	DET
taxlaw-6680	297	15	capital	capital	NOUN
taxlaw-6680	297	16	account	account	NOUN
taxlaw-6680	297	17	balance	balance	NOUN
taxlaw-6680	297	18	because	because	SCONJ
taxlaw-6680	297	19	it	it	PRON
taxlaw-6680	297	20	is	be	AUX
taxlaw-6680	297	21	not	not	PART
taxlaw-6680	297	22	included	include	VERB
taxlaw-6680	297	23	in	in	ADP
taxlaw-6680	297	24	scope	scope	NOUN
taxlaw-6680	297	25	of	of	ADP
taxlaw-6680	297	26	the	the	DET
taxlaw-6680	297	27	45	45	NUM
taxlaw-6680	297	28	see	see	NOUN
taxlaw-6680	297	29	treas	treas	PROPN
taxlaw-6680	297	30	.	.	PUNCT
taxlaw-6680	298	1	reg	reg	PROPN
taxlaw-6680	298	2	.	.	PUNCT
taxlaw-6680	299	1	§	§	PROPN
taxlaw-6680	299	2	1.704–1(b)(2)(iv)(b	1.704–1(b)(2)(iv)(b	PROPN
taxlaw-6680	299	3	)	)	PUNCT
taxlaw-6680	299	4	(	(	PUNCT
taxlaw-6680	299	5	providing	provide	VERB
taxlaw-6680	299	6	rules	rule	NOUN
taxlaw-6680	299	7	for	for	ADP
taxlaw-6680	299	8	decreasing	decrease	VERB
taxlaw-6680	299	9	partners	partner	NOUN
taxlaw-6680	299	10	’	'	PUNCT
taxlaw-6680	299	11	capital	capital	NOUN
taxlaw-6680	299	12	accounts	account	NOUN
taxlaw-6680	299	13	)	)	PUNCT
taxlaw-6680	299	14	.	.	PUNCT
taxlaw-6680	300	1	46	46	NUM
taxlaw-6680	300	2	treas	treas	PROPN
taxlaw-6680	300	3	.	.	PUNCT
taxlaw-6680	301	1	reg	reg	PROPN
taxlaw-6680	301	2	.	.	PUNCT
taxlaw-6680	302	1	§	§	PROPN
taxlaw-6680	302	2	1.704–1(b)(2)(ii)(b)(3	1.704–1(b)(2)(ii)(b)(3	NUM
taxlaw-6680	302	3	)	)	PUNCT
taxlaw-6680	302	4	.	.	PUNCT
taxlaw-6680	303	1	see	see	VERB
taxlaw-6680	303	2	also	also	ADV
taxlaw-6680	303	3	treas	treas	PROPN
taxlaw-6680	303	4	.	.	PUNCT
taxlaw-6680	304	1	reg	reg	PROPN
taxlaw-6680	304	2	.	.	PUNCT
taxlaw-6680	305	1	§	§	PROPN
taxlaw-6680	305	2	1.704–1(b)(2)(ii)(c	1.704–1(b)(2)(ii)(c	PROPN
taxlaw-6680	305	3	)	)	PUNCT
taxlaw-6680	305	4	(	(	PUNCT
taxlaw-6680	305	5	describing	describe	VERB
taxlaw-6680	305	6	a	a	DET
taxlaw-6680	305	7	partner	partner	NOUN
taxlaw-6680	305	8	’s	’s	PART
taxlaw-6680	305	9	deemed	deem	VERB
taxlaw-6680	305	10	obligation	obligation	NOUN
taxlaw-6680	305	11	to	to	PART
taxlaw-6680	305	12	restore	restore	VERB
taxlaw-6680	305	13	deficit	deficit	NOUN
taxlaw-6680	305	14	even	even	ADV
taxlaw-6680	305	15	in	in	ADP
taxlaw-6680	305	16	absence	absence	NOUN
taxlaw-6680	305	17	of	of	ADP
taxlaw-6680	305	18	express	express	ADJ
taxlaw-6680	305	19	obligation	obligation	NOUN
taxlaw-6680	305	20	to	to	PART
taxlaw-6680	305	21	do	do	AUX
taxlaw-6680	305	22	so	so	ADV
taxlaw-6680	305	23	)	)	PUNCT
taxlaw-6680	305	24	.	.	PUNCT
taxlaw-6680	306	1	47	47	NUM
taxlaw-6680	306	2	see	see	VERB
taxlaw-6680	306	3	treas	treas	PROPN
taxlaw-6680	306	4	.	.	PUNCT
taxlaw-6680	307	1	reg	reg	PROPN
taxlaw-6680	307	2	.	.	PUNCT
taxlaw-6680	308	1	§	§	PROPN
taxlaw-6680	308	2	1.704–1(b)(2)(ii	1.704–1(b)(2)(ii	PROPN
taxlaw-6680	308	3	)	)	PUNCT
taxlaw-6680	308	4	(	(	PUNCT
taxlaw-6680	308	5	requiring	require	VERB
taxlaw-6680	308	6	maintenance	maintenance	NOUN
taxlaw-6680	308	7	of	of	ADP
taxlaw-6680	308	8	partners	partner	NOUN
taxlaw-6680	308	9	’	'	PUNCT
taxlaw-6680	308	10	capital	capital	NOUN
taxlaw-6680	308	11	accounts	account	NOUN
taxlaw-6680	308	12	according	accord	VERB
taxlaw-6680	308	13	to	to	ADP
taxlaw-6680	308	14	treas	treas	PROPN
taxlaw-6680	308	15	.	.	PUNCT
taxlaw-6680	309	1	reg	reg	PROPN
taxlaw-6680	309	2	.	.	PUNCT
taxlaw-6680	310	1	§	§	PROPN
taxlaw-6680	310	2	1.704–1(b)(2)(iv	1.704–1(b)(2)(iv	NUM
taxlaw-6680	310	3	)	)	PUNCT
taxlaw-6680	310	4	)	)	PUNCT
taxlaw-6680	310	5	.	.	PUNCT
taxlaw-6680	311	1	see	see	VERB
taxlaw-6680	311	2	also	also	ADV
taxlaw-6680	311	3	treas	treas	PROPN
taxlaw-6680	311	4	.	.	PUNCT
taxlaw-6680	312	1	reg	reg	PROPN
taxlaw-6680	312	2	.	.	PUNCT
taxlaw-6680	313	1	§	§	PROPN
taxlaw-6680	313	2	1.704–1(b)(2)(iv	1.704–1(b)(2)(iv	NUM
taxlaw-6680	313	3	)	)	PUNCT
taxlaw-6680	313	4	(	(	PUNCT
taxlaw-6680	313	5	requiring	require	VERB
taxlaw-6680	313	6	capital	capital	NOUN
taxlaw-6680	313	7	account	account	NOUN
taxlaw-6680	313	8	balances	balance	NOUN
taxlaw-6680	313	9	to	to	PART
taxlaw-6680	313	10	be	be	AUX
taxlaw-6680	313	11	increased	increase	VERB
taxlaw-6680	313	12	or	or	CCONJ
taxlaw-6680	313	13	decreased	decrease	VERB
taxlaw-6680	313	14	by	by	ADP
taxlaw-6680	313	15	allocations	allocation	NOUN
taxlaw-6680	313	16	or	or	CCONJ
taxlaw-6680	313	17	events	event	NOUN
taxlaw-6680	313	18	which	which	PRON
taxlaw-6680	313	19	change	change	VERB
taxlaw-6680	313	20	the	the	DET
taxlaw-6680	313	21	partner	partner	NOUN
taxlaw-6680	313	22	’s	’s	PART
taxlaw-6680	313	23	economic	economic	ADJ
taxlaw-6680	313	24	entitlement	entitlement	NOUN
taxlaw-6680	313	25	to	to	ADP
taxlaw-6680	313	26	the	the	DET
taxlaw-6680	313	27	partnership	partnership	NOUN
taxlaw-6680	313	28	’s	’s	PART
taxlaw-6680	313	29	net	net	ADJ
taxlaw-6680	313	30	assets	asset	NOUN
taxlaw-6680	313	31	)	)	PUNCT
taxlaw-6680	313	32	.	.	PUNCT
taxlaw-6680	314	1	48	48	NUM
taxlaw-6680	314	2	treas	trea	NOUN
taxlaw-6680	314	3	.	.	PUNCT
taxlaw-6680	315	1	reg	reg	PROPN
taxlaw-6680	315	2	.	.	PUNCT
taxlaw-6680	316	1	§	§	PROPN
taxlaw-6680	316	2	1.704–1(b)(2)(ii)(d)(1	1.704–1(b)(2)(ii)(d)(1	NUM
taxlaw-6680	316	3	)	)	PUNCT
taxlaw-6680	316	4	to	to	ADP
taxlaw-6680	316	5	(	(	PUNCT
taxlaw-6680	316	6	3	3	NUM
taxlaw-6680	316	7	)	)	PUNCT
taxlaw-6680	316	8	.	.	PUNCT
taxlaw-6680	317	1	see	see	VERB
taxlaw-6680	317	2	“	"	PUNCT
taxlaw-6680	317	3	flush	flush	ADJ
taxlaw-6680	317	4	language	language	NOUN
taxlaw-6680	317	5	”	"	PUNCT
taxlaw-6680	317	6	included	include	VERB
taxlaw-6680	317	7	in	in	ADP
taxlaw-6680	317	8	treas	treas	PROPN
taxlaw-6680	317	9	.	.	PUNCT
taxlaw-6680	318	1	reg	reg	PROPN
taxlaw-6680	318	2	.	.	PUNCT
taxlaw-6680	319	1	§	§	PROPN
taxlaw-6680	319	2	1.704–1(b)(2)(ii)(d	1.704–1(b)(2)(ii)(d	PROPN
taxlaw-6680	319	3	)	)	PUNCT
taxlaw-6680	320	1	for	for	ADP
taxlaw-6680	320	2	explanation	explanation	NOUN
taxlaw-6680	320	3	of	of	ADP
taxlaw-6680	320	4	qualified	qualified	ADJ
taxlaw-6680	320	5	income	income	NOUN
taxlaw-6680	320	6	offset	offset	VERB
taxlaw-6680	320	7	,	,	PUNCT
taxlaw-6680	320	8	or	or	CCONJ
taxlaw-6680	320	9	qio	qio	NOUN
taxlaw-6680	320	10	.	.	PUNCT
taxlaw-6680	321	1	49	49	NUM
taxlaw-6680	321	2	see	see	VERB
taxlaw-6680	321	3	“	"	PUNCT
taxlaw-6680	321	4	flush	flush	ADJ
taxlaw-6680	321	5	language	language	NOUN
taxlaw-6680	321	6	”	"	PUNCT
taxlaw-6680	321	7	in	in	ADP
taxlaw-6680	321	8	treas	treas	PROPN
taxlaw-6680	321	9	.	.	PUNCT
taxlaw-6680	322	1	reg	reg	PROPN
taxlaw-6680	322	2	.	.	PUNCT
taxlaw-6680	323	1	§	§	PROPN
taxlaw-6680	323	2	1.704–1(b)(2)(ii)(d	1.704–1(b)(2)(ii)(d	PROPN
taxlaw-6680	323	3	)	)	PUNCT
taxlaw-6680	324	1	(	(	PUNCT
taxlaw-6680	324	2	providing	provide	VERB
taxlaw-6680	324	3	that	that	SCONJ
taxlaw-6680	324	4	a	a	DET
taxlaw-6680	324	5	partnership	partnership	NOUN
taxlaw-6680	324	6	agreement	agreement	NOUN
taxlaw-6680	324	7	contains	contain	VERB
taxlaw-6680	324	8	a	a	DET
taxlaw-6680	324	9	qio	qio	NOUN
taxlaw-6680	324	10	only	only	ADV
taxlaw-6680	324	11	if	if	SCONJ
taxlaw-6680	324	12	a	a	DET
taxlaw-6680	324	13	partner	partner	NOUN
taxlaw-6680	324	14	receives	receive	VERB
taxlaw-6680	324	15	allocations	allocation	NOUN
taxlaw-6680	324	16	of	of	ADP
taxlaw-6680	324	17	income	income	NOUN
taxlaw-6680	324	18	and	and	CCONJ
taxlaw-6680	324	19	gain	gain	NOUN
taxlaw-6680	324	20	,	,	PUNCT
taxlaw-6680	324	21	including	include	VERB
taxlaw-6680	324	22	gross	gross	ADJ
taxlaw-6680	324	23	income	income	NOUN
taxlaw-6680	324	24	,	,	PUNCT
taxlaw-6680	324	25	to	to	PART
taxlaw-6680	324	26	cure	cure	VERB
taxlaw-6680	324	27	certain	certain	ADJ
taxlaw-6680	324	28	unexpected	unexpected	ADJ
taxlaw-6680	324	29	adjustments	adjustment	NOUN
taxlaw-6680	324	30	,	,	PUNCT
taxlaw-6680	324	31	allocations	allocation	NOUN
taxlaw-6680	324	32	or	or	CCONJ
taxlaw-6680	324	33	distributions	distribution	NOUN
taxlaw-6680	324	34	that	that	PRON
taxlaw-6680	324	35	lead	lead	VERB
taxlaw-6680	324	36	to	to	ADP
taxlaw-6680	324	37	a	a	DET
taxlaw-6680	324	38	deficit	deficit	NOUN
taxlaw-6680	324	39	balance	balance	NOUN
taxlaw-6680	324	40	in	in	ADP
taxlaw-6680	324	41	the	the	DET
taxlaw-6680	324	42	partner	partner	NOUN
taxlaw-6680	324	43	’s	’s	PART
taxlaw-6680	324	44	capital	capital	NOUN
taxlaw-6680	324	45	account	account	PROPN
taxlaw-6680	324	46	)	)	PUNCT
taxlaw-6680	324	47	.	.	PUNCT
taxlaw-6680	325	1	50	50	NUM
taxlaw-6680	325	2	treas	trea	NOUN
taxlaw-6680	325	3	.	.	PUNCT
taxlaw-6680	326	1	reg	reg	PROPN
taxlaw-6680	326	2	.	.	PUNCT
taxlaw-6680	327	1	§	§	PROPN
taxlaw-6680	327	2	1.704–1(b)(2)(ii)(d)(6	1.704–1(b)(2)(ii)(d)(6	NUM
taxlaw-6680	327	3	)	)	PUNCT
taxlaw-6680	327	4	.	.	PUNCT
taxlaw-6680	328	1	[	[	X
taxlaw-6680	328	2	vol	vol	NOUN
taxlaw-6680	328	3	.	.	PROPN
taxlaw-6680	328	4	11:1	11:1	NUM
taxlaw-6680	328	5	columbia	columbia	PROPN
taxlaw-6680	328	6	journal	journal	PROPN
taxlaw-6680	328	7	of	of	ADP
taxlaw-6680	328	8	tax	tax	NOUN
taxlaw-6680	328	9	law	law	NOUN
taxlaw-6680	328	10	116	116	NUM
taxlaw-6680	328	11	treasury	treasury	PROPN
taxlaw-6680	328	12	’s	’s	PART
taxlaw-6680	328	13	listed	list	VERB
taxlaw-6680	328	14	activities.51	activities.51	NOUN
taxlaw-6680	328	15	in	in	ADP
taxlaw-6680	328	16	other	other	ADJ
taxlaw-6680	328	17	words	word	NOUN
taxlaw-6680	328	18	,	,	PUNCT
taxlaw-6680	328	19	except	except	SCONJ
taxlaw-6680	328	20	under	under	ADP
taxlaw-6680	328	21	the	the	DET
taxlaw-6680	328	22	listed	list	VERB
taxlaw-6680	328	23	situations	situation	NOUN
taxlaw-6680	328	24	,	,	PUNCT
taxlaw-6680	328	25	the	the	DET
taxlaw-6680	328	26	regulation	regulation	NOUN
taxlaw-6680	328	27	prohibits	prohibit	VERB
taxlaw-6680	328	28	partners	partner	NOUN
taxlaw-6680	328	29	from	from	ADP
taxlaw-6680	328	30	voluntarily	voluntarily	ADV
taxlaw-6680	328	31	adjusting	adjust	VERB
taxlaw-6680	328	32	their	their	PRON
taxlaw-6680	328	33	respective	respective	ADJ
taxlaw-6680	328	34	capital	capital	NOUN
taxlaw-6680	328	35	account	account	NOUN
taxlaw-6680	328	36	balances	balance	NOUN
taxlaw-6680	328	37	by	by	ADP
taxlaw-6680	328	38	any	any	DET
taxlaw-6680	328	39	“	"	PUNCT
taxlaw-6680	328	40	hypothetical	hypothetical	ADJ
taxlaw-6680	328	41	”	"	PUNCT
taxlaw-6680	328	42	gain	gain	NOUN
taxlaw-6680	328	43	or	or	CCONJ
taxlaw-6680	328	44	loss	loss	NOUN
taxlaw-6680	328	45	allocated.52	allocated.52	NOUN
taxlaw-6680	328	46	this	this	PRON
taxlaw-6680	328	47	can	can	AUX
taxlaw-6680	328	48	be	be	AUX
taxlaw-6680	328	49	understood	understand	VERB
taxlaw-6680	328	50	as	as	ADP
taxlaw-6680	328	51	an	an	DET
taxlaw-6680	328	52	inherent	inherent	ADJ
taxlaw-6680	328	53	“	"	PUNCT
taxlaw-6680	328	54	ceiling	ceiling	NOUN
taxlaw-6680	328	55	rule	rule	NOUN
taxlaw-6680	328	56	”	"	PUNCT
taxlaw-6680	328	57	in	in	ADP
taxlaw-6680	328	58	the	the	DET
taxlaw-6680	328	59	treasury	treasury	NOUN
taxlaw-6680	328	60	’s	’s	PART
taxlaw-6680	328	61	capital	capital	NOUN
taxlaw-6680	328	62	account	account	NOUN
taxlaw-6680	328	63	approach.53	approach.53	NOUN
taxlaw-6680	328	64	the	the	DET
taxlaw-6680	328	65	“	"	PUNCT
taxlaw-6680	328	66	ceiling	ceiling	NOUN
taxlaw-6680	328	67	rule	rule	NOUN
taxlaw-6680	328	68	”	"	PUNCT
taxlaw-6680	328	69	applies	apply	VERB
taxlaw-6680	328	70	even	even	ADV
taxlaw-6680	328	71	if	if	SCONJ
taxlaw-6680	328	72	doing	do	VERB
taxlaw-6680	328	73	so	so	ADV
taxlaw-6680	328	74	would	would	AUX
taxlaw-6680	328	75	lead	lead	VERB
taxlaw-6680	328	76	to	to	ADP
taxlaw-6680	328	77	capital	capital	NOUN
taxlaw-6680	328	78	account	account	NOUN
taxlaw-6680	328	79	balances	balance	NOUN
taxlaw-6680	328	80	that	that	PRON
taxlaw-6680	328	81	better	well	ADV
taxlaw-6680	328	82	reflect	reflect	VERB
taxlaw-6680	328	83	the	the	DET
taxlaw-6680	328	84	partners	partner	NOUN
taxlaw-6680	328	85	’	'	PUNCT
taxlaw-6680	328	86	entitlements	entitlement	NOUN
taxlaw-6680	328	87	on	on	ADP
taxlaw-6680	328	88	liquidation	liquidation	NOUN
taxlaw-6680	328	89	.	.	PUNCT
taxlaw-6680	329	1	a	a	DET
taxlaw-6680	329	2	mismatch	mismatch	NOUN
taxlaw-6680	329	3	between	between	ADP
taxlaw-6680	329	4	tax	tax	NOUN
taxlaw-6680	329	5	and	and	CCONJ
taxlaw-6680	329	6	economics	economic	NOUN
taxlaw-6680	329	7	results	result	NOUN
taxlaw-6680	329	8	when	when	SCONJ
taxlaw-6680	329	9	,	,	PUNCT
taxlaw-6680	329	10	for	for	ADP
taxlaw-6680	329	11	example	example	NOUN
taxlaw-6680	329	12	,	,	PUNCT
taxlaw-6680	329	13	the	the	DET
taxlaw-6680	329	14	liquidating	liquidating	NOUN
taxlaw-6680	329	15	distributions	distribution	NOUN
taxlaw-6680	329	16	must	must	AUX
taxlaw-6680	329	17	deviate	deviate	VERB
taxlaw-6680	329	18	from	from	ADP
taxlaw-6680	329	19	capital	capital	NOUN
taxlaw-6680	329	20	account	account	NOUN
taxlaw-6680	329	21	balances	balance	NOUN
taxlaw-6680	329	22	in	in	ADP
taxlaw-6680	329	23	order	order	NOUN
taxlaw-6680	329	24	to	to	PART
taxlaw-6680	329	25	reflect	reflect	VERB
taxlaw-6680	329	26	the	the	DET
taxlaw-6680	329	27	partners	partner	NOUN
taxlaw-6680	329	28	’	'	PUNCT
taxlaw-6680	329	29	economic	economic	ADJ
taxlaw-6680	329	30	agreement	agreement	NOUN
taxlaw-6680	329	31	,	,	PUNCT
taxlaw-6680	329	32	but	but	CCONJ
taxlaw-6680	329	33	no	no	DET
taxlaw-6680	329	34	corresponding	correspond	VERB
taxlaw-6680	329	35	tax	tax	NOUN
taxlaw-6680	329	36	gain	gain	NOUN
taxlaw-6680	329	37	or	or	CCONJ
taxlaw-6680	329	38	loss	loss	NOUN
taxlaw-6680	329	39	can	can	AUX
taxlaw-6680	329	40	be	be	AUX
taxlaw-6680	329	41	allocated	allocate	VERB
taxlaw-6680	329	42	at	at	ADP
taxlaw-6680	329	43	the	the	DET
taxlaw-6680	329	44	time	time	NOUN
taxlaw-6680	329	45	of	of	ADP
taxlaw-6680	329	46	liquidation	liquidation	NOUN
taxlaw-6680	329	47	to	to	PART
taxlaw-6680	329	48	match	match	VERB
taxlaw-6680	329	49	tax	tax	NOUN
taxlaw-6680	329	50	with	with	ADP
taxlaw-6680	329	51	economics	economic	NOUN
taxlaw-6680	329	52	due	due	ADP
taxlaw-6680	329	53	to	to	ADP
taxlaw-6680	329	54	the	the	DET
taxlaw-6680	329	55	“	"	PUNCT
taxlaw-6680	329	56	ceiling	ceiling	NOUN
taxlaw-6680	329	57	rule	rule	NOUN
taxlaw-6680	329	58	.	.	PUNCT
taxlaw-6680	330	1	”54	”54	VERB
taxlaw-6680	330	2	for	for	ADP
taxlaw-6680	330	3	example	example	NOUN
taxlaw-6680	330	4	,	,	PUNCT
taxlaw-6680	330	5	suppose	suppose	VERB
taxlaw-6680	330	6	a	a	DET
taxlaw-6680	330	7	partnership	partnership	NOUN
taxlaw-6680	330	8	agreement	agreement	NOUN
taxlaw-6680	330	9	between	between	ADP
taxlaw-6680	330	10	a	a	PRON
taxlaw-6680	330	11	and	and	CCONJ
taxlaw-6680	330	12	b	b	NOUN
taxlaw-6680	330	13	initially	initially	ADV
taxlaw-6680	330	14	provides	provide	VERB
taxlaw-6680	330	15	for	for	ADP
taxlaw-6680	330	16	a	a	DET
taxlaw-6680	330	17	70/30	70/30	NUM
taxlaw-6680	330	18	allocation	allocation	NOUN
taxlaw-6680	330	19	of	of	ADP
taxlaw-6680	330	20	all	all	DET
taxlaw-6680	330	21	partnership	partnership	NOUN
taxlaw-6680	330	22	items	item	NOUN
taxlaw-6680	330	23	,	,	PUNCT
taxlaw-6680	330	24	but	but	CCONJ
taxlaw-6680	330	25	requires	require	VERB
taxlaw-6680	330	26	an	an	DET
taxlaw-6680	330	27	80/20	80/20	NUM
taxlaw-6680	330	28	allocation	allocation	NOUN
taxlaw-6680	330	29	of	of	ADP
taxlaw-6680	330	30	liquidating	liquidating	NOUN
taxlaw-6680	330	31	distributions	distribution	NOUN
taxlaw-6680	330	32	if	if	SCONJ
taxlaw-6680	330	33	a	a	PRON
taxlaw-6680	330	34	completes	complete	VERB
taxlaw-6680	330	35	at	at	ADP
taxlaw-6680	330	36	least	least	ADV
taxlaw-6680	330	37	2,000	2,000	NUM
taxlaw-6680	330	38	hours	hour	NOUN
taxlaw-6680	330	39	of	of	ADP
taxlaw-6680	330	40	professional	professional	ADJ
taxlaw-6680	330	41	service	service	NOUN
taxlaw-6680	330	42	to	to	ADP
taxlaw-6680	330	43	the	the	DET
taxlaw-6680	330	44	partnership	partnership	NOUN
taxlaw-6680	330	45	by	by	ADP
taxlaw-6680	330	46	the	the	DET
taxlaw-6680	330	47	time	time	NOUN
taxlaw-6680	330	48	of	of	ADP
taxlaw-6680	330	49	liquidation.55	liquidation.55	NOUN
taxlaw-6680	330	50	a	a	PRON
taxlaw-6680	330	51	and	and	CCONJ
taxlaw-6680	330	52	b	b	NOUN
taxlaw-6680	330	53	can	can	AUX
taxlaw-6680	330	54	not	not	PART
taxlaw-6680	330	55	readjust	readjust	VERB
taxlaw-6680	330	56	the	the	DET
taxlaw-6680	330	57	capital	capital	NOUN
taxlaw-6680	330	58	account	account	NOUN
taxlaw-6680	330	59	balances	balance	NOUN
taxlaw-6680	330	60	at	at	ADP
taxlaw-6680	330	61	liquidation	liquidation	NOUN
taxlaw-6680	330	62	to	to	PART
taxlaw-6680	330	63	reflect	reflect	VERB
taxlaw-6680	330	64	the	the	DET
taxlaw-6680	330	65	10	10	NUM
taxlaw-6680	330	66	%	%	NOUN
taxlaw-6680	330	67	difference	difference	NOUN
taxlaw-6680	330	68	if	if	SCONJ
taxlaw-6680	330	69	there	there	PRON
taxlaw-6680	330	70	is	be	VERB
taxlaw-6680	330	71	no	no	DET
taxlaw-6680	330	72	gain	gain	NOUN
taxlaw-6680	330	73	or	or	CCONJ
taxlaw-6680	330	74	loss	loss	NOUN
taxlaw-6680	330	75	.	.	PUNCT
taxlaw-6680	331	1	moreover	moreover	ADV
taxlaw-6680	331	2	,	,	PUNCT
taxlaw-6680	331	3	they	they	PRON
taxlaw-6680	331	4	can	can	AUX
taxlaw-6680	331	5	not	not	PART
taxlaw-6680	331	6	allocate	allocate	VERB
taxlaw-6680	331	7	a	a	DET
taxlaw-6680	331	8	fictitious	fictitious	ADJ
taxlaw-6680	331	9	partnership	partnership	NOUN
taxlaw-6680	331	10	-	-	PUNCT
taxlaw-6680	331	11	level	level	NOUN
taxlaw-6680	331	12	gain	gain	NOUN
taxlaw-6680	331	13	to	to	ADP
taxlaw-6680	331	14	a	a	PRON
taxlaw-6680	331	15	and	and	CCONJ
taxlaw-6680	331	16	a	a	DET
taxlaw-6680	331	17	corresponding	corresponding	ADJ
taxlaw-6680	331	18	loss	loss	NOUN
taxlaw-6680	331	19	to	to	ADP
taxlaw-6680	331	20	b	b	NOUN
taxlaw-6680	331	21	due	due	ADP
taxlaw-6680	331	22	to	to	ADP
taxlaw-6680	331	23	the	the	DET
taxlaw-6680	331	24	“	"	PUNCT
taxlaw-6680	331	25	ceiling	ceiling	NOUN
taxlaw-6680	331	26	rule	rule	NOUN
taxlaw-6680	331	27	.	.	PUNCT
taxlaw-6680	331	28	”	"	PUNCT
taxlaw-6680	332	1	therefore	therefore	ADV
taxlaw-6680	332	2	,	,	PUNCT
taxlaw-6680	332	3	the	the	DET
taxlaw-6680	332	4	capital	capital	NOUN
taxlaw-6680	332	5	account	account	NOUN
taxlaw-6680	332	6	balances	balance	NOUN
taxlaw-6680	332	7	will	will	AUX
taxlaw-6680	332	8	fail	fail	VERB
taxlaw-6680	332	9	to	to	PART
taxlaw-6680	332	10	reflect	reflect	VERB
taxlaw-6680	332	11	the	the	DET
taxlaw-6680	332	12	economics	economic	NOUN
taxlaw-6680	332	13	of	of	ADP
taxlaw-6680	332	14	transaction	transaction	NOUN
taxlaw-6680	332	15	when	when	SCONJ
taxlaw-6680	332	16	liquidation	liquidation	NOUN
taxlaw-6680	332	17	distributions	distribution	NOUN
taxlaw-6680	332	18	are	be	AUX
taxlaw-6680	332	19	shared	share	VERB
taxlaw-6680	332	20	according	accord	VERB
taxlaw-6680	332	21	to	to	ADP
taxlaw-6680	332	22	the	the	DET
taxlaw-6680	332	23	80/20	80/20	NUM
taxlaw-6680	332	24	allocation	allocation	NOUN
taxlaw-6680	332	25	.	.	PUNCT
taxlaw-6680	333	1	another	another	DET
taxlaw-6680	333	2	example	example	NOUN
taxlaw-6680	333	3	of	of	ADP
taxlaw-6680	333	4	this	this	DET
taxlaw-6680	333	5	type	type	NOUN
taxlaw-6680	333	6	of	of	ADP
taxlaw-6680	333	7	mismatch	mismatch	NOUN
taxlaw-6680	333	8	is	be	AUX
taxlaw-6680	333	9	the	the	DET
taxlaw-6680	333	10	capital	capital	NOUN
taxlaw-6680	333	11	shift	shift	NOUN
taxlaw-6680	333	12	problem	problem	NOUN
taxlaw-6680	333	13	in	in	ADP
taxlaw-6680	333	14	an	an	DET
taxlaw-6680	333	15	economic	economic	ADJ
taxlaw-6680	333	16	arrangement	arrangement	NOUN
taxlaw-6680	333	17	involving	involve	VERB
taxlaw-6680	333	18	preferred	preferred	ADJ
taxlaw-6680	333	19	return	return	NOUN
taxlaw-6680	333	20	on	on	ADP
taxlaw-6680	333	21	capital	capital	NOUN
taxlaw-6680	333	22	,	,	PUNCT
taxlaw-6680	333	23	to	to	PART
taxlaw-6680	333	24	be	be	AUX
taxlaw-6680	333	25	discussed	discuss	VERB
taxlaw-6680	333	26	in	in	ADP
taxlaw-6680	333	27	part	part	NOUN
taxlaw-6680	333	28	iv.b	iv.b	NOUN
taxlaw-6680	333	29	.	.	PROPN
taxlaw-6680	334	1	2	2	NUM
taxlaw-6680	334	2	.	.	X
taxlaw-6680	334	3	the	the	DET
taxlaw-6680	334	4	book	book	NOUN
taxlaw-6680	334	5	-	-	PUNCT
taxlaw-6680	334	6	tax	tax	NOUN
taxlaw-6680	334	7	disparity	disparity	NOUN
taxlaw-6680	334	8	and	and	CCONJ
taxlaw-6680	334	9	section	section	NOUN
taxlaw-6680	334	10	704(c	704(c	PROPN
taxlaw-6680	334	11	)	)	PUNCT
taxlaw-6680	334	12	certain	certain	ADJ
taxlaw-6680	334	13	revaluation	revaluation	NOUN
taxlaw-6680	334	14	events	event	NOUN
taxlaw-6680	334	15	,	,	PUNCT
taxlaw-6680	334	16	such	such	ADJ
taxlaw-6680	334	17	as	as	ADP
taxlaw-6680	334	18	admission	admission	NOUN
taxlaw-6680	334	19	of	of	ADP
taxlaw-6680	334	20	new	new	ADJ
taxlaw-6680	334	21	partners	partner	NOUN
taxlaw-6680	334	22	or	or	CCONJ
taxlaw-6680	334	23	distribution	distribution	NOUN
taxlaw-6680	334	24	of	of	ADP
taxlaw-6680	334	25	property	property	NOUN
taxlaw-6680	334	26	,	,	PUNCT
taxlaw-6680	334	27	will	will	AUX
taxlaw-6680	334	28	also	also	ADV
taxlaw-6680	334	29	trigger	trigger	VERB
taxlaw-6680	334	30	a	a	DET
taxlaw-6680	334	31	mismatch	mismatch	NOUN
taxlaw-6680	334	32	that	that	PRON
taxlaw-6680	334	33	creates	create	VERB
taxlaw-6680	334	34	a	a	DET
taxlaw-6680	334	35	book	book	NOUN
taxlaw-6680	334	36	-	-	PUNCT
taxlaw-6680	334	37	tax	tax	NOUN
taxlaw-6680	334	38	disparity	disparity	NOUN
taxlaw-6680	334	39	in	in	ADP
taxlaw-6680	334	40	tracked	track	VERB
taxlaw-6680	334	41	basis.56	basis.56	AUX
taxlaw-6680	334	42	consider	consider	VERB
taxlaw-6680	334	43	the	the	DET
taxlaw-6680	334	44	following	follow	VERB
taxlaw-6680	334	45	example.57	example.57	PROPN
taxlaw-6680	334	46	example	example	NOUN
taxlaw-6680	334	47	one	one	NUM
taxlaw-6680	334	48	the	the	DET
taxlaw-6680	334	49	balance	balance	NOUN
taxlaw-6680	334	50	sheet	sheet	NOUN
taxlaw-6680	334	51	of	of	ADP
taxlaw-6680	334	52	partnership	partnership	NOUN
taxlaw-6680	334	53	abc	abc	PROPN
taxlaw-6680	334	54	as	as	ADP
taxlaw-6680	334	55	of	of	ADP
taxlaw-6680	334	56	12/31/20x1	12/31/20x1	NUM
taxlaw-6680	334	57	is	be	AUX
taxlaw-6680	334	58	as	as	SCONJ
taxlaw-6680	334	59	follows	follow	VERB
taxlaw-6680	334	60	:	:	PUNCT
taxlaw-6680	334	61	51	51	NUM
taxlaw-6680	334	62	for	for	ADP
taxlaw-6680	334	63	the	the	DET
taxlaw-6680	334	64	rules	rule	NOUN
taxlaw-6680	334	65	governing	govern	VERB
taxlaw-6680	334	66	capital	capital	NOUN
taxlaw-6680	334	67	account	account	NOUN
taxlaw-6680	334	68	adjustments	adjustment	NOUN
taxlaw-6680	334	69	,	,	PUNCT
taxlaw-6680	334	70	see	see	VERB
taxlaw-6680	334	71	treas	treas	PROPN
taxlaw-6680	334	72	.	.	PUNCT
taxlaw-6680	335	1	reg	reg	PROPN
taxlaw-6680	335	2	.	.	PUNCT
taxlaw-6680	336	1	§	§	NOUN
taxlaw-6680	336	2	1.704–1(b)(2)(iv	1.704–1(b)(2)(iv	NUM
taxlaw-6680	336	3	)	)	PUNCT
taxlaw-6680	336	4	,	,	PUNCT
taxlaw-6680	336	5	permitting	permit	VERB
taxlaw-6680	336	6	or	or	CCONJ
taxlaw-6680	336	7	mandating	mandate	VERB
taxlaw-6680	336	8	adjustment	adjustment	NOUN
taxlaw-6680	336	9	to	to	ADP
taxlaw-6680	336	10	a	a	DET
taxlaw-6680	336	11	partner	partner	NOUN
taxlaw-6680	336	12	’s	’s	PART
taxlaw-6680	336	13	capital	capital	NOUN
taxlaw-6680	336	14	account	account	NOUN
taxlaw-6680	336	15	balance	balance	NOUN
taxlaw-6680	336	16	under	under	ADP
taxlaw-6680	336	17	situations	situation	NOUN
taxlaw-6680	336	18	like	like	ADP
taxlaw-6680	336	19	contribution	contribution	NOUN
taxlaw-6680	336	20	of	of	ADP
taxlaw-6680	336	21	capital	capital	NOUN
taxlaw-6680	336	22	,	,	PUNCT
taxlaw-6680	336	23	certain	certain	ADJ
taxlaw-6680	336	24	assumptions	assumption	NOUN
taxlaw-6680	336	25	of	of	ADP
taxlaw-6680	336	26	partnership	partnership	NOUN
taxlaw-6680	336	27	liabilities	liability	NOUN
taxlaw-6680	336	28	,	,	PUNCT
taxlaw-6680	336	29	and	and	CCONJ
taxlaw-6680	336	30	allocation	allocation	NOUN
taxlaw-6680	336	31	of	of	ADP
taxlaw-6680	336	32	partnership	partnership	NOUN
taxlaw-6680	336	33	income	income	NOUN
taxlaw-6680	336	34	or	or	CCONJ
taxlaw-6680	336	35	loss	loss	NOUN
taxlaw-6680	336	36	,	,	PUNCT
taxlaw-6680	336	37	including	include	VERB
taxlaw-6680	336	38	gain	gain	NOUN
taxlaw-6680	336	39	or	or	CCONJ
taxlaw-6680	336	40	loss	loss	NOUN
taxlaw-6680	336	41	from	from	ADP
taxlaw-6680	336	42	revaluation	revaluation	NOUN
taxlaw-6680	336	43	of	of	ADP
taxlaw-6680	336	44	property	property	NOUN
taxlaw-6680	336	45	and	and	CCONJ
taxlaw-6680	336	46	distribution	distribution	NOUN
taxlaw-6680	336	47	.	.	PUNCT
taxlaw-6680	337	1	see	see	VERB
taxlaw-6680	337	2	treas	treas	PROPN
taxlaw-6680	337	3	.	.	PUNCT
taxlaw-6680	338	1	reg	reg	PROPN
taxlaw-6680	338	2	.	.	PUNCT
taxlaw-6680	339	1	§	§	PROPN
taxlaw-6680	339	2	1.704–1(b)(2)(iv)(b	1.704–1(b)(2)(iv)(b	NUM
taxlaw-6680	339	3	)	)	PUNCT
taxlaw-6680	339	4	,	,	PUNCT
taxlaw-6680	339	5	(	(	PUNCT
taxlaw-6680	339	6	c	c	NOUN
taxlaw-6680	339	7	)	)	PUNCT
taxlaw-6680	339	8	,	,	PUNCT
taxlaw-6680	339	9	(	(	PUNCT
taxlaw-6680	339	10	f	f	X
taxlaw-6680	339	11	)	)	PUNCT
taxlaw-6680	339	12	,	,	PUNCT
taxlaw-6680	339	13	(	(	PUNCT
taxlaw-6680	339	14	g	g	NOUN
taxlaw-6680	339	15	)	)	PUNCT
taxlaw-6680	339	16	.	.	PUNCT
taxlaw-6680	340	1	52	52	NUM
taxlaw-6680	340	2	see	see	VERB
taxlaw-6680	340	3	,	,	PUNCT
taxlaw-6680	340	4	e.g.	e.g.	ADV
taxlaw-6680	340	5	,	,	PUNCT
taxlaw-6680	340	6	treas	treas	PROPN
taxlaw-6680	340	7	.	.	PUNCT
taxlaw-6680	341	1	reg	reg	PROPN
taxlaw-6680	341	2	.	.	PUNCT
taxlaw-6680	342	1	§	§	PROPN
taxlaw-6680	342	2	1.704–1(b)(2)(iv)(f	1.704–1(b)(2)(iv)(f	PROPN
taxlaw-6680	342	3	)	)	PUNCT
taxlaw-6680	343	1	(	(	PUNCT
taxlaw-6680	343	2	suggesting	suggest	VERB
taxlaw-6680	343	3	that	that	SCONJ
taxlaw-6680	343	4	capital	capital	NOUN
taxlaw-6680	343	5	account	account	NOUN
taxlaw-6680	343	6	balances	balance	NOUN
taxlaw-6680	343	7	may	may	AUX
taxlaw-6680	343	8	be	be	AUX
taxlaw-6680	343	9	adjusted	adjust	VERB
taxlaw-6680	343	10	for	for	ADP
taxlaw-6680	343	11	revaluations	revaluation	NOUN
taxlaw-6680	343	12	of	of	ADP
taxlaw-6680	343	13	property	property	NOUN
taxlaw-6680	343	14	that	that	PRON
taxlaw-6680	343	15	are	be	AUX
taxlaw-6680	343	16	in	in	ADP
taxlaw-6680	343	17	the	the	DET
taxlaw-6680	343	18	form	form	NOUN
taxlaw-6680	343	19	of	of	ADP
taxlaw-6680	343	20	unrealized	unrealized	ADJ
taxlaw-6680	343	21	or	or	CCONJ
taxlaw-6680	343	22	“	"	PUNCT
taxlaw-6680	343	23	fictitious	fictitious	ADJ
taxlaw-6680	343	24	”	"	PUNCT
taxlaw-6680	343	25	gains	gain	NOUN
taxlaw-6680	343	26	or	or	CCONJ
taxlaw-6680	343	27	losses	loss	NOUN
taxlaw-6680	343	28	only	only	ADV
taxlaw-6680	343	29	under	under	ADP
taxlaw-6680	343	30	limited	limited	ADJ
taxlaw-6680	343	31	circumstances	circumstance	NOUN
taxlaw-6680	343	32	)	)	PUNCT
taxlaw-6680	343	33	.	.	PUNCT
taxlaw-6680	344	1	53	53	NUM
taxlaw-6680	344	2	see	see	VERB
taxlaw-6680	344	3	discussion	discussion	NOUN
taxlaw-6680	344	4	part	part	NOUN
taxlaw-6680	344	5	iv	iv	PROPN
taxlaw-6680	344	6	.	.	PUNCT
taxlaw-6680	344	7	a.	a.	NOUN
taxlaw-6680	344	8	,	,	PUNCT
taxlaw-6680	344	9	infra	infra	NOUN
taxlaw-6680	344	10	.	.	PUNCT
taxlaw-6680	345	1	54	54	NUM
taxlaw-6680	345	2	see	see	VERB
taxlaw-6680	345	3	,	,	PUNCT
taxlaw-6680	345	4	e.g.	e.g.	ADV
taxlaw-6680	345	5	,	,	PUNCT
taxlaw-6680	345	6	daniel	daniel	PROPN
taxlaw-6680	345	7	s.	s.	PROPN
taxlaw-6680	345	8	goldberg	goldberg	PROPN
taxlaw-6680	345	9	,	,	PUNCT
taxlaw-6680	345	10	the	the	DET
taxlaw-6680	345	11	target	target	NOUN
taxlaw-6680	345	12	method	method	NOUN
taxlaw-6680	345	13	for	for	ADP
taxlaw-6680	345	14	partnership	partnership	NOUN
taxlaw-6680	345	15	special	special	ADJ
taxlaw-6680	345	16	allocations	allocation	NOUN
taxlaw-6680	345	17	and	and	CCONJ
taxlaw-6680	345	18	why	why	SCONJ
taxlaw-6680	345	19	it	it	PRON
taxlaw-6680	345	20	should	should	AUX
taxlaw-6680	345	21	be	be	AUX
taxlaw-6680	345	22	safe	safe	ADV
taxlaw-6680	345	23	-	-	PUNCT
taxlaw-6680	345	24	harbored	harbor	VERB
taxlaw-6680	345	25	,	,	PUNCT
taxlaw-6680	345	26	69	69	NUM
taxlaw-6680	345	27	tax	tax	NOUN
taxlaw-6680	345	28	law	law	NOUN
taxlaw-6680	345	29	.	.	PUNCT
taxlaw-6680	346	1	663	663	NUM
taxlaw-6680	346	2	,	,	PUNCT
taxlaw-6680	346	3	702	702	NUM
taxlaw-6680	346	4	-	-	SYM
taxlaw-6680	346	5	706	706	NUM
taxlaw-6680	346	6	(	(	PUNCT
taxlaw-6680	346	7	2016	2016	NUM
taxlaw-6680	346	8	)	)	PUNCT
taxlaw-6680	346	9	.	.	PUNCT
taxlaw-6680	347	1	55	55	NUM
taxlaw-6680	347	2	for	for	ADP
taxlaw-6680	347	3	a	a	DET
taxlaw-6680	347	4	similar	similar	ADJ
taxlaw-6680	347	5	example	example	NOUN
taxlaw-6680	347	6	,	,	PUNCT
taxlaw-6680	347	7	see	see	VERB
taxlaw-6680	347	8	i	i	PRON
taxlaw-6680	347	9	d.	d.	PROPN
taxlaw-6680	347	10	at	at	ADP
taxlaw-6680	347	11	702	702	NUM
taxlaw-6680	347	12	-	-	SYM
taxlaw-6680	347	13	703	703	NUM
taxlaw-6680	347	14	.	.	PUNCT
taxlaw-6680	347	15	56	56	NUM
taxlaw-6680	347	16	for	for	ADP
taxlaw-6680	347	17	revaluation	revaluation	NOUN
taxlaw-6680	347	18	of	of	ADP
taxlaw-6680	347	19	partnership	partnership	NOUN
taxlaw-6680	347	20	properties	property	NOUN
taxlaw-6680	347	21	,	,	PUNCT
taxlaw-6680	347	22	see	see	VERB
taxlaw-6680	347	23	treas	treas	PROPN
taxlaw-6680	347	24	.	.	PUNCT
taxlaw-6680	348	1	reg	reg	PROPN
taxlaw-6680	348	2	.	.	PUNCT
taxlaw-6680	349	1	§	§	PROPN
taxlaw-6680	349	2	1.704–1(b)(2)(iv)(e)(1	1.704–1(b)(2)(iv)(e)(1	NUM
taxlaw-6680	349	3	)	)	PUNCT
taxlaw-6680	349	4	regarding	regard	VERB
taxlaw-6680	349	5	mandatory	mandatory	ADJ
taxlaw-6680	349	6	revaluation	revaluation	NOUN
taxlaw-6680	349	7	when	when	SCONJ
taxlaw-6680	349	8	partnership	partnership	NOUN
taxlaw-6680	349	9	property	property	NOUN
taxlaw-6680	349	10	is	be	AUX
taxlaw-6680	349	11	distributed	distribute	VERB
taxlaw-6680	349	12	.	.	PUNCT
taxlaw-6680	350	1	see	see	VERB
taxlaw-6680	350	2	treas	treas	PROPN
taxlaw-6680	350	3	.	.	PUNCT
taxlaw-6680	351	1	reg	reg	PROPN
taxlaw-6680	351	2	.	.	PUNCT
taxlaw-6680	352	1	§	§	PROPN
taxlaw-6680	352	2	1.704–1(b)(2)(iv)(f	1.704–1(b)(2)(iv)(f	PROPN
taxlaw-6680	352	3	)	)	PUNCT
taxlaw-6680	352	4	for	for	ADP
taxlaw-6680	352	5	the	the	DET
taxlaw-6680	352	6	provision	provision	NOUN
taxlaw-6680	352	7	of	of	ADP
taxlaw-6680	352	8	optional	optional	ADJ
taxlaw-6680	352	9	revaluation	revaluation	NOUN
taxlaw-6680	352	10	under	under	ADP
taxlaw-6680	352	11	limited	limited	ADJ
taxlaw-6680	352	12	circumstances	circumstance	NOUN
taxlaw-6680	352	13	.	.	PUNCT
taxlaw-6680	353	1	see	see	VERB
taxlaw-6680	353	2	treas	treas	PROPN
taxlaw-6680	353	3	.	.	PUNCT
taxlaw-6680	354	1	reg	reg	PROPN
taxlaw-6680	354	2	.	.	PUNCT
taxlaw-6680	355	1	§	§	PROPN
taxlaw-6680	355	2	1.704–1(b)(4)(i	1.704–1(b)(4)(i	PROPN
taxlaw-6680	355	3	)	)	PUNCT
taxlaw-6680	355	4	for	for	ADP
taxlaw-6680	355	5	the	the	DET
taxlaw-6680	355	6	requirement	requirement	NOUN
taxlaw-6680	355	7	that	that	SCONJ
taxlaw-6680	355	8	section	section	NOUN
taxlaw-6680	355	9	704(c	704(c	NOUN
taxlaw-6680	355	10	)	)	PUNCT
taxlaw-6680	355	11	doctrine	doctrine	NOUN
taxlaw-6680	355	12	govern	govern	VERB
taxlaw-6680	355	13	the	the	DET
taxlaw-6680	355	14	allocation	allocation	NOUN
taxlaw-6680	355	15	of	of	ADP
taxlaw-6680	355	16	tax	tax	NOUN
taxlaw-6680	355	17	items	item	NOUN
taxlaw-6680	355	18	after	after	ADP
taxlaw-6680	355	19	revaluation	revaluation	NOUN
taxlaw-6680	355	20	.	.	PUNCT
taxlaw-6680	356	1	57	57	NUM
taxlaw-6680	356	2	for	for	ADP
taxlaw-6680	356	3	the	the	DET
taxlaw-6680	356	4	purposes	purpose	NOUN
taxlaw-6680	356	5	of	of	ADP
taxlaw-6680	356	6	this	this	DET
taxlaw-6680	356	7	example	example	NOUN
taxlaw-6680	356	8	,	,	PUNCT
taxlaw-6680	356	9	assume	assume	VERB
taxlaw-6680	356	10	that	that	SCONJ
taxlaw-6680	356	11	none	none	NOUN
taxlaw-6680	356	12	of	of	ADP
taxlaw-6680	356	13	the	the	DET
taxlaw-6680	356	14	partnership	partnership	NOUN
taxlaw-6680	356	15	properties	property	NOUN
taxlaw-6680	356	16	are	be	AUX
taxlaw-6680	356	17	covered	cover	VERB
taxlaw-6680	356	18	by	by	ADP
taxlaw-6680	356	19	section	section	NOUN
taxlaw-6680	356	20	751	751	NUM
taxlaw-6680	356	21	or	or	CCONJ
taxlaw-6680	356	22	related	related	ADJ
taxlaw-6680	356	23	regulations	regulation	NOUN
taxlaw-6680	356	24	.	.	PUNCT
taxlaw-6680	357	1	thus	thus	ADV
taxlaw-6680	357	2	,	,	PUNCT
taxlaw-6680	357	3	there	there	PRON
taxlaw-6680	357	4	is	be	VERB
taxlaw-6680	357	5	no	no	DET
taxlaw-6680	357	6	“	"	PUNCT
taxlaw-6680	357	7	mixing	mix	VERB
taxlaw-6680	357	8	-	-	PUNCT
taxlaw-6680	357	9	bowl	bowl	NOUN
taxlaw-6680	357	10	”	"	PUNCT
taxlaw-6680	357	11	issue	issue	NOUN
taxlaw-6680	357	12	.	.	PUNCT
taxlaw-6680	358	1	see	see	VERB
taxlaw-6680	358	2	i.r.c	i.r.c	NOUN
taxlaw-6680	358	3	.	.	PUNCT
taxlaw-6680	359	1	§	§	PROPN
taxlaw-6680	359	2	751(b	751(b	PROPN
taxlaw-6680	359	3	)	)	PUNCT
taxlaw-6680	359	4	.	.	PUNCT
taxlaw-6680	360	1	2019	2019	NUM
taxlaw-6680	360	2	]	]	PUNCT
taxlaw-6680	360	3	a	a	DET
taxlaw-6680	360	4	gain	gain	NOUN
taxlaw-6680	360	5	must	must	AUX
taxlaw-6680	360	6	lie	lie	VERB
taxlaw-6680	360	7	where	where	SCONJ
taxlaw-6680	360	8	it	it	PRON
taxlaw-6680	360	9	falls	fall	VERB
taxlaw-6680	360	10	:	:	PUNCT
taxlaw-6680	360	11	matching	match	VERB
taxlaw-6680	360	12	tax	tax	NOUN
taxlaw-6680	360	13	with	with	ADP
taxlaw-6680	360	14	economics	economic	NOUN
taxlaw-6680	360	15	in	in	ADP
taxlaw-6680	360	16	subchapter	subchapter	NOUN
taxlaw-6680	360	17	k	k	PROPN
taxlaw-6680	360	18	117	117	NUM
taxlaw-6680	360	19	tax	tax	NOUN
taxlaw-6680	360	20	basis	basis	NOUN
taxlaw-6680	360	21	book	book	NOUN
taxlaw-6680	360	22	value	value	NOUN
taxlaw-6680	360	23	fair	fair	ADJ
taxlaw-6680	360	24	market	market	NOUN
taxlaw-6680	360	25	value	value	NOUN
taxlaw-6680	360	26	blackacre	blackacre	VERB
taxlaw-6680	360	27	$	$	SYM
taxlaw-6680	360	28	100x	100x	NUM
taxlaw-6680	360	29	$	$	SYM
taxlaw-6680	360	30	100x	100x	NUM
taxlaw-6680	360	31	$	$	SYM
taxlaw-6680	360	32	800x	800x	NUM
taxlaw-6680	360	33	whiteacre	whiteacre	ADJ
taxlaw-6680	360	34	200x	200x	NUM
taxlaw-6680	360	35	200x	200x	NUM
taxlaw-6680	360	36	400x	400x	NUM
taxlaw-6680	360	37	blueacre	blueacre	VERB
taxlaw-6680	360	38	300x	300x	NUM
taxlaw-6680	360	39	300x	300x	NUM
taxlaw-6680	360	40	1,200x	1,200x	NUM
taxlaw-6680	360	41	a	a	DET
taxlaw-6680	360	42	’s	’s	ADJ
taxlaw-6680	360	43	capital	capital	NOUN
taxlaw-6680	360	44	300x	300x	NUM
taxlaw-6680	360	45	300x	300x	NUM
taxlaw-6680	360	46	1,200x	1,200x	NUM
taxlaw-6680	360	47	b	b	NOUN
taxlaw-6680	360	48	’s	’s	PART
taxlaw-6680	360	49	capital	capital	NOUN
taxlaw-6680	360	50	150x	150x	NOUN
taxlaw-6680	360	51	300x	300x	NUM
taxlaw-6680	360	52	600x	600x	NOUN
taxlaw-6680	360	53	c	c	NOUN
taxlaw-6680	360	54	’s	’s	PART
taxlaw-6680	360	55	capital	capital	NOUN
taxlaw-6680	360	56	150x	150x	NOUN
taxlaw-6680	360	57	300x	300x	NUM
taxlaw-6680	360	58	600x	600x	NOUN
taxlaw-6680	360	59	suppose	suppose	VERB
taxlaw-6680	360	60	that	that	SCONJ
taxlaw-6680	360	61	on	on	ADP
taxlaw-6680	360	62	december	december	PROPN
taxlaw-6680	360	63	31	31	NUM
taxlaw-6680	360	64	,	,	PUNCT
taxlaw-6680	360	65	20x1	20x1	NUM
taxlaw-6680	360	66	,	,	PUNCT
taxlaw-6680	360	67	the	the	DET
taxlaw-6680	360	68	partnership	partnership	NOUN
taxlaw-6680	360	69	distributes	distribute	VERB
taxlaw-6680	360	70	whiteacre	whiteacre	ADJ
taxlaw-6680	360	71	to	to	ADP
taxlaw-6680	360	72	b.	b.	PROPN
taxlaw-6680	360	73	prior	prior	ADV
taxlaw-6680	360	74	to	to	ADP
taxlaw-6680	360	75	distribution	distribution	NOUN
taxlaw-6680	360	76	,	,	PUNCT
taxlaw-6680	360	77	the	the	DET
taxlaw-6680	360	78	partners	partner	NOUN
taxlaw-6680	360	79	shared	share	VERB
taxlaw-6680	360	80	all	all	DET
taxlaw-6680	360	81	partnership	partnership	NOUN
taxlaw-6680	360	82	items	item	NOUN
taxlaw-6680	360	83	with	with	ADP
taxlaw-6680	360	84	a	a	DET
taxlaw-6680	360	85	50/25/25	50/25/25	PROPN
taxlaw-6680	360	86	allocation	allocation	NOUN
taxlaw-6680	360	87	.	.	PUNCT
taxlaw-6680	361	1	after	after	ADP
taxlaw-6680	361	2	the	the	DET
taxlaw-6680	361	3	distribution	distribution	NOUN
taxlaw-6680	361	4	,	,	PUNCT
taxlaw-6680	361	5	b	b	NOUN
taxlaw-6680	361	6	’s	’s	ADJ
taxlaw-6680	361	7	share	share	NOUN
taxlaw-6680	361	8	is	be	AUX
taxlaw-6680	361	9	reduced	reduce	VERB
taxlaw-6680	361	10	to	to	ADP
taxlaw-6680	361	11	10	10	NUM
taxlaw-6680	361	12	%	%	NOUN
taxlaw-6680	361	13	.	.	PUNCT
taxlaw-6680	362	1	whiteacre	whiteacre	PROPN
taxlaw-6680	362	2	is	be	AUX
taxlaw-6680	362	3	revalued	revalue	VERB
taxlaw-6680	362	4	at	at	ADP
taxlaw-6680	362	5	the	the	DET
taxlaw-6680	362	6	fair	fair	ADJ
taxlaw-6680	362	7	market	market	NOUN
taxlaw-6680	362	8	value	value	NOUN
taxlaw-6680	362	9	of	of	ADP
taxlaw-6680	362	10	$	$	SYM
taxlaw-6680	362	11	400x	400x	NUM
taxlaw-6680	362	12	,	,	PUNCT
taxlaw-6680	362	13	and	and	CCONJ
taxlaw-6680	362	14	the	the	DET
taxlaw-6680	362	15	resulting	result	VERB
taxlaw-6680	362	16	revaluation	revaluation	NOUN
taxlaw-6680	362	17	gain	gain	NOUN
taxlaw-6680	362	18	of	of	ADP
taxlaw-6680	362	19	$	$	SYM
taxlaw-6680	362	20	200x	200x	NUM
taxlaw-6680	362	21	is	be	AUX
taxlaw-6680	362	22	allocated	allocate	VERB
taxlaw-6680	362	23	according	accord	VERB
taxlaw-6680	362	24	to	to	ADP
taxlaw-6680	362	25	the	the	DET
taxlaw-6680	362	26	partnership	partnership	NOUN
taxlaw-6680	362	27	agreement	agreement	NOUN
taxlaw-6680	362	28	(	(	PUNCT
taxlaw-6680	362	29	i.e.	i.e.	X
taxlaw-6680	362	30	$	$	SYM
taxlaw-6680	362	31	100x	100x	NUM
taxlaw-6680	362	32	to	to	ADP
taxlaw-6680	362	33	a	a	DET
taxlaw-6680	362	34	,	,	PUNCT
taxlaw-6680	362	35	$	$	SYM
taxlaw-6680	362	36	50x	50x	NUM
taxlaw-6680	362	37	to	to	ADP
taxlaw-6680	362	38	b	b	NUM
taxlaw-6680	362	39	,	,	PUNCT
taxlaw-6680	362	40	and	and	CCONJ
taxlaw-6680	362	41	$	$	SYM
taxlaw-6680	362	42	50x	50x	NUM
taxlaw-6680	362	43	to	to	PART
taxlaw-6680	362	44	c).58	c).58	VERB
taxlaw-6680	362	45	suppose	suppose	VERB
taxlaw-6680	362	46	a	a	DET
taxlaw-6680	362	47	section	section	NOUN
taxlaw-6680	362	48	754	754	NUM
taxlaw-6680	362	49	election	election	NOUN
taxlaw-6680	362	50	is	be	AUX
taxlaw-6680	362	51	made	make	VERB
taxlaw-6680	362	52	and	and	CCONJ
taxlaw-6680	362	53	an	an	DET
taxlaw-6680	362	54	upward	upward	ADJ
taxlaw-6680	362	55	basis	basis	NOUN
taxlaw-6680	362	56	adjustment	adjustment	NOUN
taxlaw-6680	362	57	of	of	ADP
taxlaw-6680	362	58	$	$	SYM
taxlaw-6680	362	59	50x	50x	NUM
taxlaw-6680	362	60	is	be	AUX
taxlaw-6680	362	61	available	available	ADJ
taxlaw-6680	362	62	for	for	ADP
taxlaw-6680	362	63	blackacre	blackacre	NOUN
taxlaw-6680	362	64	and	and	CCONJ
taxlaw-6680	362	65	blueacre.59	blueacre.59	VERB
taxlaw-6680	362	66	if	if	SCONJ
taxlaw-6680	362	67	partnership	partnership	NOUN
taxlaw-6680	362	68	abc	abc	PROPN
taxlaw-6680	362	69	is	be	AUX
taxlaw-6680	362	70	liquidated	liquidate	VERB
taxlaw-6680	362	71	immediately	immediately	ADV
taxlaw-6680	362	72	by	by	ADP
taxlaw-6680	362	73	selling	sell	VERB
taxlaw-6680	362	74	all	all	DET
taxlaw-6680	362	75	remaining	remain	VERB
taxlaw-6680	362	76	properties	property	NOUN
taxlaw-6680	362	77	at	at	ADP
taxlaw-6680	362	78	fair	fair	ADJ
taxlaw-6680	362	79	market	market	NOUN
taxlaw-6680	362	80	value	value	NOUN
taxlaw-6680	362	81	,	,	PUNCT
taxlaw-6680	362	82	the	the	DET
taxlaw-6680	362	83	tax	tax	NOUN
taxlaw-6680	362	84	consequences	consequence	NOUN
taxlaw-6680	362	85	will	will	AUX
taxlaw-6680	362	86	not	not	PART
taxlaw-6680	362	87	reflect	reflect	VERB
taxlaw-6680	362	88	the	the	DET
taxlaw-6680	362	89	parties	party	NOUN
taxlaw-6680	362	90	’	'	PUNCT
taxlaw-6680	362	91	economic	economic	ADJ
taxlaw-6680	362	92	arrangement	arrangement	NOUN
taxlaw-6680	362	93	,	,	PUNCT
taxlaw-6680	362	94	resulting	result	VERB
taxlaw-6680	362	95	in	in	ADP
taxlaw-6680	362	96	a	a	DET
taxlaw-6680	362	97	mismatch	mismatch	NOUN
taxlaw-6680	362	98	.	.	PUNCT
taxlaw-6680	363	1	after	after	ADP
taxlaw-6680	363	2	the	the	DET
taxlaw-6680	363	3	sale	sale	NOUN
taxlaw-6680	363	4	,	,	PUNCT
taxlaw-6680	363	5	the	the	DET
taxlaw-6680	363	6	partnership	partnership	NOUN
taxlaw-6680	363	7	has	have	VERB
taxlaw-6680	363	8	total	total	ADJ
taxlaw-6680	363	9	cash	cash	NOUN
taxlaw-6680	363	10	of	of	ADP
taxlaw-6680	363	11	$	$	SYM
taxlaw-6680	363	12	2,000x	2,000x	NUM
taxlaw-6680	363	13	and	and	CCONJ
taxlaw-6680	363	14	a	a	DET
taxlaw-6680	363	15	gain	gain	NOUN
taxlaw-6680	363	16	of	of	ADP
taxlaw-6680	363	17	$	$	SYM
taxlaw-6680	363	18	1,550x.60	1,550x.60	NUM
taxlaw-6680	363	19	since	since	SCONJ
taxlaw-6680	363	20	a	a	DET
taxlaw-6680	363	21	,	,	PUNCT
taxlaw-6680	363	22	b	b	NOUN
taxlaw-6680	363	23	,	,	PUNCT
taxlaw-6680	363	24	and	and	CCONJ
taxlaw-6680	363	25	c	c	AUX
taxlaw-6680	363	26	now	now	ADV
taxlaw-6680	363	27	share	share	VERB
taxlaw-6680	363	28	partnership	partnership	NOUN
taxlaw-6680	363	29	items	item	NOUN
taxlaw-6680	363	30	based	base	VERB
taxlaw-6680	363	31	on	on	ADP
taxlaw-6680	363	32	a	a	DET
taxlaw-6680	363	33	60/30/10	60/30/10	NUM
taxlaw-6680	363	34	split	split	NOUN
taxlaw-6680	363	35	,	,	PUNCT
taxlaw-6680	363	36	the	the	DET
taxlaw-6680	363	37	$	$	SYM
taxlaw-6680	363	38	1,550x	1,550x	NUM
taxlaw-6680	363	39	gain	gain	NOUN
taxlaw-6680	363	40	must	must	AUX
taxlaw-6680	363	41	be	be	AUX
taxlaw-6680	363	42	allocated	allocate	VERB
taxlaw-6680	363	43	accordingly	accordingly	ADV
taxlaw-6680	363	44	to	to	ADP
taxlaw-6680	363	45	a	a	DET
taxlaw-6680	363	46	,	,	PUNCT
taxlaw-6680	363	47	b	b	NOUN
taxlaw-6680	363	48	,	,	PUNCT
taxlaw-6680	363	49	and	and	CCONJ
taxlaw-6680	363	50	c	c	X
taxlaw-6680	363	51	for	for	ADP
taxlaw-6680	363	52	both	both	PRON
taxlaw-6680	363	53	book	book	NOUN
taxlaw-6680	363	54	and	and	CCONJ
taxlaw-6680	363	55	tax	tax	NOUN
taxlaw-6680	363	56	purposes	purpose	NOUN
taxlaw-6680	363	57	.	.	PUNCT
taxlaw-6680	364	1	as	as	ADP
taxlaw-6680	364	2	a	a	DET
taxlaw-6680	364	3	result	result	NOUN
taxlaw-6680	364	4	,	,	PUNCT
taxlaw-6680	364	5	a	a	DET
taxlaw-6680	364	6	’s	’s	ADJ
taxlaw-6680	364	7	economic	economic	ADJ
taxlaw-6680	364	8	gain	gain	NOUN
taxlaw-6680	364	9	from	from	ADP
taxlaw-6680	364	10	partnership	partnership	NOUN
taxlaw-6680	364	11	activities	activity	NOUN
taxlaw-6680	364	12	is	be	AUX
taxlaw-6680	364	13	$	$	SYM
taxlaw-6680	364	14	900x	900x	NOUN
taxlaw-6680	364	15	,	,	PUNCT
taxlaw-6680	364	16	61	61	NUM
taxlaw-6680	364	17	but	but	CCONJ
taxlaw-6680	364	18	a	a	DET
taxlaw-6680	364	19	’s	’s	NOUN
taxlaw-6680	364	20	gain	gain	NOUN
taxlaw-6680	364	21	for	for	ADP
taxlaw-6680	364	22	tax	tax	NOUN
taxlaw-6680	364	23	purposes	purpose	NOUN
taxlaw-6680	364	24	is	be	AUX
taxlaw-6680	364	25	$	$	SYM
taxlaw-6680	364	26	930x,62creating	930x,62creating	NUM
taxlaw-6680	364	27	a	a	DET
taxlaw-6680	364	28	mismatch	mismatch	NOUN
taxlaw-6680	364	29	of	of	ADP
taxlaw-6680	364	30	$	$	SYM
taxlaw-6680	364	31	30x	30x	NUM
taxlaw-6680	364	32	that	that	PRON
taxlaw-6680	364	33	is	be	AUX
taxlaw-6680	364	34	not	not	PART
taxlaw-6680	364	35	cured	cure	VERB
taxlaw-6680	364	36	by	by	ADP
taxlaw-6680	364	37	the	the	DET
taxlaw-6680	364	38	section	section	NOUN
taxlaw-6680	364	39	754	754	NUM
taxlaw-6680	364	40	election	election	NOUN
taxlaw-6680	364	41	.	.	PUNCT
taxlaw-6680	365	1	similarly	similarly	ADV
taxlaw-6680	365	2	,	,	PUNCT
taxlaw-6680	365	3	b	b	PROPN
taxlaw-6680	365	4	has	have	VERB
taxlaw-6680	365	5	an	an	DET
taxlaw-6680	365	6	economic	economic	ADJ
taxlaw-6680	365	7	gain	gain	NOUN
taxlaw-6680	365	8	of	of	ADP
taxlaw-6680	365	9	$	$	SYM
taxlaw-6680	365	10	450x	450x	NUM
taxlaw-6680	365	11	compared	compare	VERB
taxlaw-6680	365	12	to	to	ADP
taxlaw-6680	365	13	a	a	DET
taxlaw-6680	365	14	tax	tax	NOUN
taxlaw-6680	365	15	gain	gain	NOUN
taxlaw-6680	365	16	of	of	ADP
taxlaw-6680	365	17	$	$	SYM
taxlaw-6680	365	18	465x	465x	NOUN
taxlaw-6680	365	19	,	,	PUNCT
taxlaw-6680	365	20	and	and	CCONJ
taxlaw-6680	365	21	c	c	NOUN
taxlaw-6680	365	22	has	have	VERB
taxlaw-6680	365	23	an	an	DET
taxlaw-6680	365	24	economic	economic	ADJ
taxlaw-6680	365	25	gain	gain	NOUN
taxlaw-6680	365	26	of	of	ADP
taxlaw-6680	365	27	$	$	SYM
taxlaw-6680	365	28	450x	450x	NUM
taxlaw-6680	365	29	compared	compare	VERB
taxlaw-6680	365	30	to	to	ADP
taxlaw-6680	365	31	a	a	DET
taxlaw-6680	365	32	tax	tax	NOUN
taxlaw-6680	365	33	gain	gain	NOUN
taxlaw-6680	365	34	of	of	ADP
taxlaw-6680	365	35	$	$	SYM
taxlaw-6680	365	36	405x	405x	NOUN
taxlaw-6680	365	37	.	.	PUNCT
taxlaw-6680	366	1	the	the	DET
taxlaw-6680	366	2	above	above	ADJ
taxlaw-6680	366	3	example	example	NOUN
taxlaw-6680	366	4	shows	show	VERB
taxlaw-6680	366	5	an	an	DET
taxlaw-6680	366	6	inherent	inherent	ADJ
taxlaw-6680	366	7	problem	problem	NOUN
taxlaw-6680	366	8	in	in	ADP
taxlaw-6680	366	9	the	the	DET
taxlaw-6680	366	10	treasury	treasury	NOUN
taxlaw-6680	366	11	’s	’s	PART
taxlaw-6680	366	12	capital	capital	NOUN
taxlaw-6680	366	13	account	account	NOUN
taxlaw-6680	366	14	method	method	NOUN
taxlaw-6680	366	15	:	:	PUNCT
taxlaw-6680	366	16	in	in	ADP
taxlaw-6680	366	17	a	a	DET
taxlaw-6680	366	18	complex	complex	ADJ
taxlaw-6680	366	19	transaction	transaction	NOUN
taxlaw-6680	366	20	,	,	PUNCT
taxlaw-6680	366	21	the	the	DET
taxlaw-6680	366	22	capital	capital	NOUN
taxlaw-6680	366	23	account	account	NOUN
taxlaw-6680	366	24	adjustment	adjustment	NOUN
taxlaw-6680	366	25	rules	rule	NOUN
taxlaw-6680	366	26	may	may	AUX
taxlaw-6680	366	27	be	be	AUX
taxlaw-6680	366	28	totally	totally	ADV
taxlaw-6680	366	29	inadequate	inadequate	ADJ
taxlaw-6680	366	30	for	for	ADP
taxlaw-6680	366	31	matching	match	VERB
taxlaw-6680	366	32	the	the	DET
taxlaw-6680	366	33	tax	tax	NOUN
taxlaw-6680	366	34	consequences	consequence	NOUN
taxlaw-6680	366	35	at	at	ADP
taxlaw-6680	366	36	the	the	DET
taxlaw-6680	366	37	time	time	NOUN
taxlaw-6680	366	38	of	of	ADP
taxlaw-6680	366	39	allocation	allocation	NOUN
taxlaw-6680	366	40	with	with	ADP
taxlaw-6680	366	41	the	the	DET
taxlaw-6680	366	42	economic	economic	ADJ
taxlaw-6680	366	43	consequences	consequence	NOUN
taxlaw-6680	366	44	at	at	ADP
taxlaw-6680	366	45	liquidation.63	liquidation.63	NOUN
taxlaw-6680	366	46	in	in	ADP
taxlaw-6680	366	47	example	example	NOUN
taxlaw-6680	366	48	one	one	NUM
taxlaw-6680	366	49	,	,	PUNCT
taxlaw-6680	366	50	because	because	SCONJ
taxlaw-6680	366	51	the	the	DET
taxlaw-6680	366	52	partners	partner	NOUN
taxlaw-6680	366	53	do	do	AUX
taxlaw-6680	366	54	not	not	PART
taxlaw-6680	366	55	elect	elect	VERB
taxlaw-6680	366	56	to	to	PART
taxlaw-6680	366	57	revalue	revalue	VERB
taxlaw-6680	366	58	blackacre	blackacre	NOUN
taxlaw-6680	366	59	and	and	CCONJ
taxlaw-6680	366	60	blueacre	blueacre	VERB
taxlaw-6680	366	61	when	when	SCONJ
taxlaw-6680	366	62	whiteacre	whiteacre	ADJ
taxlaw-6680	366	63	is	be	AUX
taxlaw-6680	366	64	distributed	distribute	VERB
taxlaw-6680	366	65	to	to	ADP
taxlaw-6680	366	66	b,64section	b,64section	PROPN
taxlaw-6680	366	67	704(c	704(c	PROPN
taxlaw-6680	366	68	)	)	PUNCT
taxlaw-6680	366	69	,	,	PUNCT
taxlaw-6680	366	70	which	which	PRON
taxlaw-6680	366	71	generally	generally	ADV
taxlaw-6680	366	72	matches	match	VERB
taxlaw-6680	366	73	tax	tax	NOUN
taxlaw-6680	366	74	consequences	consequence	NOUN
taxlaw-6680	366	75	after	after	ADP
taxlaw-6680	366	76	certain	certain	ADJ
taxlaw-6680	366	77	partnership	partnership	NOUN
taxlaw-6680	366	78	-	-	PUNCT
taxlaw-6680	366	79	level	level	NOUN
taxlaw-6680	366	80	changes	change	NOUN
taxlaw-6680	366	81	to	to	ADP
taxlaw-6680	366	82	related	relate	VERB
taxlaw-6680	366	83	economic	economic	ADJ
taxlaw-6680	366	84	activities	activity	NOUN
taxlaw-6680	366	85	58	58	NUM
taxlaw-6680	366	86	see	see	VERB
taxlaw-6680	366	87	treas	treas	PROPN
taxlaw-6680	366	88	.	.	PUNCT
taxlaw-6680	367	1	reg	reg	PROPN
taxlaw-6680	367	2	.	.	PUNCT
taxlaw-6680	368	1	§	§	PROPN
taxlaw-6680	368	2	1.704–1(b)(2)(iv)(e)(1	1.704–1(b)(2)(iv)(e)(1	NUM
taxlaw-6680	368	3	)	)	PUNCT
taxlaw-6680	369	1	(	(	PUNCT
taxlaw-6680	369	2	providing	provide	VERB
taxlaw-6680	369	3	that	that	PRON
taxlaw-6680	369	4	upon	upon	SCONJ
taxlaw-6680	369	5	a	a	DET
taxlaw-6680	369	6	distribution	distribution	NOUN
taxlaw-6680	369	7	of	of	ADP
taxlaw-6680	369	8	property	property	NOUN
taxlaw-6680	369	9	,	,	PUNCT
taxlaw-6680	369	10	capital	capital	NOUN
taxlaw-6680	369	11	accounts	account	NOUN
taxlaw-6680	369	12	must	must	AUX
taxlaw-6680	369	13	be	be	AUX
taxlaw-6680	369	14	adjusted	adjust	VERB
taxlaw-6680	369	15	to	to	PART
taxlaw-6680	369	16	reflect	reflect	VERB
taxlaw-6680	369	17	gain	gain	NOUN
taxlaw-6680	369	18	or	or	CCONJ
taxlaw-6680	369	19	loss	loss	NOUN
taxlaw-6680	369	20	inherent	inherent	ADJ
taxlaw-6680	369	21	in	in	ADP
taxlaw-6680	369	22	the	the	DET
taxlaw-6680	369	23	property	property	NOUN
taxlaw-6680	369	24	as	as	SCONJ
taxlaw-6680	369	25	if	if	SCONJ
taxlaw-6680	369	26	there	there	PRON
taxlaw-6680	369	27	were	be	VERB
taxlaw-6680	369	28	a	a	DET
taxlaw-6680	369	29	taxable	taxable	ADJ
taxlaw-6680	369	30	disposition	disposition	NOUN
taxlaw-6680	369	31	of	of	ADP
taxlaw-6680	369	32	the	the	DET
taxlaw-6680	369	33	property	property	NOUN
taxlaw-6680	369	34	at	at	ADP
taxlaw-6680	369	35	fair	fair	ADJ
taxlaw-6680	369	36	market	market	NOUN
taxlaw-6680	369	37	value	value	NOUN
taxlaw-6680	369	38	on	on	ADP
taxlaw-6680	369	39	the	the	DET
taxlaw-6680	369	40	date	date	NOUN
taxlaw-6680	369	41	of	of	ADP
taxlaw-6680	369	42	distribution	distribution	NOUN
taxlaw-6680	369	43	)	)	PUNCT
taxlaw-6680	369	44	.	.	PUNCT
taxlaw-6680	370	1	59	59	NUM
taxlaw-6680	370	2	this	this	DET
taxlaw-6680	370	3	upward	upward	ADJ
taxlaw-6680	370	4	basis	basis	NOUN
taxlaw-6680	370	5	adjustment	adjustment	NOUN
taxlaw-6680	370	6	is	be	AUX
taxlaw-6680	370	7	due	due	ADJ
taxlaw-6680	370	8	to	to	ADP
taxlaw-6680	370	9	$	$	SYM
taxlaw-6680	370	10	50x	50x	NUM
taxlaw-6680	370	11	basis	basis	NOUN
taxlaw-6680	370	12	reduction	reduction	NOUN
taxlaw-6680	370	13	of	of	ADP
taxlaw-6680	370	14	whiteacre	whiteacre	ADV
taxlaw-6680	370	15	owned	own	VERB
taxlaw-6680	370	16	by	by	ADP
taxlaw-6680	370	17	b.	b.	PROPN
taxlaw-6680	370	18	see	see	PROPN
taxlaw-6680	370	19	i.r.c	i.r.c	NOUN
taxlaw-6680	370	20	.	.	PUNCT
taxlaw-6680	371	1	§	§	PROPN
taxlaw-6680	371	2	732(a)(2	732(a)(2	NUM
taxlaw-6680	371	3	)	)	PUNCT
taxlaw-6680	371	4	.	.	PUNCT
taxlaw-6680	372	1	without	without	ADP
taxlaw-6680	372	2	the	the	DET
taxlaw-6680	372	3	adjustment	adjustment	NOUN
taxlaw-6680	372	4	,	,	PUNCT
taxlaw-6680	372	5	the	the	DET
taxlaw-6680	372	6	same	same	ADJ
taxlaw-6680	372	7	$	$	SYM
taxlaw-6680	372	8	50x	50x	NUM
taxlaw-6680	372	9	will	will	AUX
taxlaw-6680	372	10	be	be	AUX
taxlaw-6680	372	11	taxed	tax	VERB
taxlaw-6680	372	12	twice	twice	ADV
taxlaw-6680	372	13	when	when	SCONJ
taxlaw-6680	372	14	b	b	NOUN
taxlaw-6680	372	15	sells	sell	VERB
taxlaw-6680	372	16	whiteacre	whiteacre	ADJ
taxlaw-6680	372	17	and	and	CCONJ
taxlaw-6680	372	18	when	when	SCONJ
taxlaw-6680	372	19	the	the	DET
taxlaw-6680	372	20	partnership	partnership	NOUN
taxlaw-6680	372	21	sells	sell	VERB
taxlaw-6680	372	22	the	the	DET
taxlaw-6680	372	23	remaining	remain	VERB
taxlaw-6680	372	24	asset	asset	NOUN
taxlaw-6680	372	25	.	.	PUNCT
taxlaw-6680	373	1	for	for	ADP
taxlaw-6680	373	2	an	an	DET
taxlaw-6680	373	3	election	election	NOUN
taxlaw-6680	373	4	under	under	ADP
taxlaw-6680	373	5	section	section	NOUN
taxlaw-6680	373	6	754	754	NUM
taxlaw-6680	373	7	to	to	PART
taxlaw-6680	373	8	adjust	adjust	VERB
taxlaw-6680	373	9	basis	basis	NOUN
taxlaw-6680	373	10	,	,	PUNCT
taxlaw-6680	373	11	seei.r.c	seei.r.c	NUM
taxlaw-6680	373	12	.	.	PUNCT
taxlaw-6680	374	1	§	§	PROPN
taxlaw-6680	374	2	734(b	734(b	PROPN
taxlaw-6680	374	3	)	)	PUNCT
taxlaw-6680	374	4	;	;	PUNCT
taxlaw-6680	374	5	i.r.c	i.r.c	NOUN
taxlaw-6680	374	6	.	.	PUNCT
taxlaw-6680	375	1	§	§	PROPN
taxlaw-6680	375	2	754	754	NUM
taxlaw-6680	375	3	;	;	PUNCT
taxlaw-6680	375	4	treas	trea	NOUN
taxlaw-6680	375	5	.	.	PUNCT
taxlaw-6680	376	1	reg	reg	PROPN
taxlaw-6680	376	2	.	.	PUNCT
taxlaw-6680	377	1	§	§	PROPN
taxlaw-6680	377	2	1.734–1(a	1.734–1(a	NUM
taxlaw-6680	377	3	)	)	PUNCT
taxlaw-6680	377	4	,	,	PUNCT
taxlaw-6680	377	5	(	(	PUNCT
taxlaw-6680	377	6	b	b	NOUN
taxlaw-6680	377	7	)	)	PUNCT
taxlaw-6680	377	8	;	;	PUNCT
taxlaw-6680	378	1	treas	treas	PROPN
taxlaw-6680	378	2	.	.	PUNCT
taxlaw-6680	379	1	reg	reg	PROPN
taxlaw-6680	379	2	.	.	PUNCT
taxlaw-6680	380	1	§	§	PROPN
taxlaw-6680	380	2	1.754–1	1.754–1	NUM
taxlaw-6680	380	3	.	.	PUNCT
taxlaw-6680	381	1	60	60	NUM
taxlaw-6680	381	2	the	the	DET
taxlaw-6680	381	3	sum	sum	NOUN
taxlaw-6680	381	4	of	of	ADP
taxlaw-6680	381	5	the	the	DET
taxlaw-6680	381	6	difference	difference	NOUN
taxlaw-6680	381	7	between	between	ADP
taxlaw-6680	381	8	the	the	DET
taxlaw-6680	381	9	tax	tax	NOUN
taxlaw-6680	381	10	basis	basis	NOUN
taxlaw-6680	381	11	and	and	CCONJ
taxlaw-6680	381	12	fair	fair	ADJ
taxlaw-6680	381	13	market	market	NOUN
taxlaw-6680	381	14	value	value	NOUN
taxlaw-6680	381	15	of	of	ADP
taxlaw-6680	381	16	both	both	CCONJ
taxlaw-6680	381	17	blackacre	blackacre	ADJ
taxlaw-6680	381	18	and	and	CCONJ
taxlaw-6680	381	19	blueacre	blueacre	NOUN
taxlaw-6680	381	20	,	,	PUNCT
taxlaw-6680	381	21	minus	minus	CCONJ
taxlaw-6680	381	22	the	the	DET
taxlaw-6680	381	23	$	$	SYM
taxlaw-6680	381	24	50x	50x	NUM
taxlaw-6680	381	25	upward	upward	ADJ
taxlaw-6680	381	26	basis	basis	NOUN
taxlaw-6680	381	27	adjustment	adjustment	NOUN
taxlaw-6680	381	28	.	.	PUNCT
taxlaw-6680	382	1	61	61	NUM
taxlaw-6680	382	2	the	the	DET
taxlaw-6680	382	3	fair	fair	ADJ
taxlaw-6680	382	4	market	market	NOUN
taxlaw-6680	382	5	value	value	NOUN
taxlaw-6680	382	6	of	of	ADP
taxlaw-6680	382	7	a	a	DET
taxlaw-6680	382	8	’s	’s	NOUN
taxlaw-6680	382	9	partnership	partnership	NOUN
taxlaw-6680	382	10	interest	interest	NOUN
taxlaw-6680	382	11	,	,	PUNCT
taxlaw-6680	382	12	$	$	SYM
taxlaw-6680	382	13	1,200x	1,200x	NUM
taxlaw-6680	382	14	,	,	PUNCT
taxlaw-6680	382	15	minus	minus	CCONJ
taxlaw-6680	382	16	a	a	DET
taxlaw-6680	382	17	’s	’s	NOUN
taxlaw-6680	382	18	tax	tax	NOUN
taxlaw-6680	382	19	basis	basis	NOUN
taxlaw-6680	382	20	in	in	ADP
taxlaw-6680	382	21	such	such	ADJ
taxlaw-6680	382	22	interest	interest	NOUN
taxlaw-6680	382	23	,	,	PUNCT
taxlaw-6680	382	24	$	$	SYM
taxlaw-6680	382	25	300x	300x	NUM
taxlaw-6680	382	26	.	.	PUNCT
taxlaw-6680	383	1	62	62	NUM
taxlaw-6680	383	2	the	the	DET
taxlaw-6680	383	3	partnership	partnership	NOUN
taxlaw-6680	383	4	’s	’s	PART
taxlaw-6680	383	5	$	$	SYM
taxlaw-6680	383	6	1,550x	1,550x	NUM
taxlaw-6680	383	7	tax	tax	NOUN
taxlaw-6680	383	8	gain	gain	NOUN
taxlaw-6680	383	9	multiplied	multiply	VERB
taxlaw-6680	383	10	by	by	ADP
taxlaw-6680	383	11	a	a	DET
taxlaw-6680	383	12	’s	’s	ADJ
taxlaw-6680	383	13	60	60	NUM
taxlaw-6680	383	14	%	%	NOUN
taxlaw-6680	383	15	interest	interest	NOUN
taxlaw-6680	383	16	.	.	PUNCT
taxlaw-6680	384	1	63	63	NUM
taxlaw-6680	384	2	see	see	VERB
taxlaw-6680	384	3	,	,	PUNCT
taxlaw-6680	384	4	e.g.	e.g.	ADV
taxlaw-6680	384	5	,	,	PUNCT
taxlaw-6680	384	6	goldberg	goldberg	PROPN
taxlaw-6680	384	7	,	,	PUNCT
taxlaw-6680	384	8	supra	supra	PROPN
taxlaw-6680	384	9	note	note	PROPN
taxlaw-6680	384	10	54	54	NUM
taxlaw-6680	384	11	,	,	PUNCT
taxlaw-6680	384	12	at	at	ADP
taxlaw-6680	384	13	706	706	NUM
taxlaw-6680	384	14	(	(	PUNCT
taxlaw-6680	384	15	arguing	argue	VERB
taxlaw-6680	384	16	that	that	SCONJ
taxlaw-6680	384	17	sometimes	sometimes	ADV
taxlaw-6680	384	18	the	the	DET
taxlaw-6680	384	19	economic	economic	ADJ
taxlaw-6680	384	20	deal	deal	NOUN
taxlaw-6680	384	21	of	of	ADP
taxlaw-6680	384	22	the	the	DET
taxlaw-6680	384	23	partners	partner	NOUN
taxlaw-6680	384	24	is	be	AUX
taxlaw-6680	384	25	too	too	ADV
taxlaw-6680	384	26	complicated	complicated	ADJ
taxlaw-6680	384	27	for	for	ADP
taxlaw-6680	384	28	the	the	DET
taxlaw-6680	384	29	treasury	treasury	NOUN
taxlaw-6680	384	30	’s	’s	PART
taxlaw-6680	384	31	capital	capital	NOUN
taxlaw-6680	384	32	account	account	NOUN
taxlaw-6680	384	33	method	method	NOUN
taxlaw-6680	384	34	)	)	PUNCT
taxlaw-6680	384	35	.	.	PUNCT
taxlaw-6680	385	1	64	64	NUM
taxlaw-6680	385	2	such	such	ADJ
taxlaw-6680	385	3	revaluation	revaluation	NOUN
taxlaw-6680	385	4	is	be	AUX
taxlaw-6680	385	5	optional	optional	ADJ
taxlaw-6680	385	6	rather	rather	ADV
taxlaw-6680	385	7	than	than	ADP
taxlaw-6680	385	8	mandatory	mandatory	ADJ
taxlaw-6680	385	9	.	.	PUNCT
taxlaw-6680	386	1	see	see	VERB
taxlaw-6680	386	2	supra	supra	PROPN
taxlaw-6680	386	3	note	note	PROPN
taxlaw-6680	386	4	52	52	NUM
taxlaw-6680	386	5	;	;	PUNCT
taxlaw-6680	386	6	treas	trea	NOUN
taxlaw-6680	386	7	.	.	PUNCT
taxlaw-6680	387	1	reg	reg	PROPN
taxlaw-6680	387	2	.	.	PUNCT
taxlaw-6680	388	1	§	§	PROPN
taxlaw-6680	388	2	1.704–1(b)(2)(iv)(e)(1	1.704–1(b)(2)(iv)(e)(1	NUM
taxlaw-6680	388	3	)	)	PUNCT
taxlaw-6680	388	4	(	(	PUNCT
taxlaw-6680	388	5	requiring	require	VERB
taxlaw-6680	388	6	revaluation	revaluation	NOUN
taxlaw-6680	388	7	of	of	ADP
taxlaw-6680	388	8	the	the	DET
taxlaw-6680	388	9	distributed	distribute	VERB
taxlaw-6680	388	10	property	property	NOUN
taxlaw-6680	388	11	only	only	ADV
taxlaw-6680	388	12	)	)	PUNCT
taxlaw-6680	388	13	.	.	PUNCT
taxlaw-6680	389	1	[	[	X
taxlaw-6680	389	2	vol	vol	NOUN
taxlaw-6680	389	3	.	.	PROPN
taxlaw-6680	389	4	11:1	11:1	NUM
taxlaw-6680	389	5	columbia	columbia	PROPN
taxlaw-6680	389	6	journal	journal	PROPN
taxlaw-6680	389	7	of	of	ADP
taxlaw-6680	389	8	tax	tax	NOUN
taxlaw-6680	389	9	law	law	NOUN
taxlaw-6680	389	10	118	118	NUM
taxlaw-6680	389	11	prior	prior	ADV
taxlaw-6680	389	12	to	to	ADP
taxlaw-6680	389	13	such	such	ADJ
taxlaw-6680	389	14	changes	change	NOUN
taxlaw-6680	389	15	,	,	PUNCT
taxlaw-6680	389	16	does	do	AUX
taxlaw-6680	389	17	not	not	PART
taxlaw-6680	389	18	apply.65when	apply.65when	ADV
taxlaw-6680	389	19	blackacre	blackacre	VERB
taxlaw-6680	389	20	and	and	CCONJ
taxlaw-6680	389	21	blueacre	blueacre	NOUN
taxlaw-6680	389	22	are	be	AUX
taxlaw-6680	389	23	sold	sell	VERB
taxlaw-6680	389	24	,	,	PUNCT
taxlaw-6680	389	25	the	the	DET
taxlaw-6680	389	26	treasury	treasury	NOUN
taxlaw-6680	389	27	’s	’s	PART
taxlaw-6680	389	28	method	method	NOUN
taxlaw-6680	389	29	fails	fail	VERB
taxlaw-6680	389	30	to	to	PART
taxlaw-6680	389	31	properly	properly	ADV
taxlaw-6680	389	32	account	account	VERB
taxlaw-6680	389	33	for	for	ADP
taxlaw-6680	389	34	economic	economic	ADJ
taxlaw-6680	389	35	activities	activity	NOUN
taxlaw-6680	389	36	prior	prior	ADV
taxlaw-6680	389	37	to	to	ADP
taxlaw-6680	389	38	the	the	DET
taxlaw-6680	389	39	distribution	distribution	NOUN
taxlaw-6680	389	40	from	from	ADP
taxlaw-6680	389	41	which	which	PRON
taxlaw-6680	389	42	the	the	DET
taxlaw-6680	389	43	gain	gain	NOUN
taxlaw-6680	389	44	has	have	AUX
taxlaw-6680	389	45	accrued	accrue	VERB
taxlaw-6680	389	46	.	.	PUNCT
taxlaw-6680	390	1	this	this	DET
taxlaw-6680	390	2	problem	problem	NOUN
taxlaw-6680	390	3	can	can	AUX
taxlaw-6680	390	4	be	be	AUX
taxlaw-6680	390	5	solved	solve	VERB
taxlaw-6680	390	6	by	by	ADP
taxlaw-6680	390	7	making	make	VERB
taxlaw-6680	390	8	a	a	DET
taxlaw-6680	390	9	revaluation	revaluation	NOUN
taxlaw-6680	390	10	of	of	ADP
taxlaw-6680	390	11	all	all	DET
taxlaw-6680	390	12	partnership	partnership	NOUN
taxlaw-6680	390	13	properties	property	NOUN
taxlaw-6680	390	14	mandatory	mandatory	ADJ
taxlaw-6680	390	15	whenever	whenever	SCONJ
taxlaw-6680	390	16	a	a	DET
taxlaw-6680	390	17	property	property	NOUN
taxlaw-6680	390	18	distribution	distribution	NOUN
taxlaw-6680	390	19	happens	happen	VERB
taxlaw-6680	390	20	.	.	PUNCT
taxlaw-6680	391	1	however	however	ADV
taxlaw-6680	391	2	,	,	PUNCT
taxlaw-6680	391	3	such	such	DET
taxlaw-6680	391	4	a	a	DET
taxlaw-6680	391	5	solution	solution	NOUN
taxlaw-6680	391	6	may	may	AUX
taxlaw-6680	391	7	significantly	significantly	ADV
taxlaw-6680	391	8	increase	increase	VERB
taxlaw-6680	391	9	the	the	DET
taxlaw-6680	391	10	administrative	administrative	ADJ
taxlaw-6680	391	11	cost	cost	NOUN
taxlaw-6680	391	12	of	of	ADP
taxlaw-6680	391	13	operating	operate	VERB
taxlaw-6680	391	14	a	a	DET
taxlaw-6680	391	15	partnership	partnership	NOUN
taxlaw-6680	391	16	.	.	PUNCT
taxlaw-6680	392	1	professor	professor	PROPN
taxlaw-6680	392	2	daniel	daniel	PROPN
taxlaw-6680	392	3	s.	s.	PROPN
taxlaw-6680	392	4	goldberg	goldberg	PROPN
taxlaw-6680	392	5	identified	identify	VERB
taxlaw-6680	392	6	factors	factor	NOUN
taxlaw-6680	392	7	such	such	ADJ
taxlaw-6680	392	8	as	as	ADP
taxlaw-6680	392	9	accountant	accountant	NOUN
taxlaw-6680	392	10	errors	error	NOUN
taxlaw-6680	392	11	in	in	ADP
taxlaw-6680	392	12	allocation	allocation	NOUN
taxlaw-6680	392	13	calculations	calculation	NOUN
taxlaw-6680	392	14	that	that	PRON
taxlaw-6680	392	15	result	result	VERB
taxlaw-6680	392	16	in	in	ADP
taxlaw-6680	392	17	mismatches	mismatch	NOUN
taxlaw-6680	392	18	between	between	ADP
taxlaw-6680	392	19	tax	tax	NOUN
taxlaw-6680	392	20	and	and	CCONJ
taxlaw-6680	392	21	economics	economic	NOUN
taxlaw-6680	392	22	under	under	ADP
taxlaw-6680	392	23	the	the	DET
taxlaw-6680	392	24	treasury	treasury	NOUN
taxlaw-6680	392	25	’s	’s	PART
taxlaw-6680	392	26	method.66	method.66	NOUN
taxlaw-6680	392	27	his	his	PRON
taxlaw-6680	392	28	suggested	suggest	VERB
taxlaw-6680	392	29	solution	solution	NOUN
taxlaw-6680	392	30	is	be	AUX
taxlaw-6680	392	31	to	to	ADP
taxlaw-6680	392	32	safe	safe	ADJ
taxlaw-6680	392	33	-	-	PUNCT
taxlaw-6680	392	34	harbor	harbor	NOUN
taxlaw-6680	392	35	an	an	DET
taxlaw-6680	392	36	alternative	alternative	ADJ
taxlaw-6680	392	37	method	method	NOUN
taxlaw-6680	392	38	,	,	PUNCT
taxlaw-6680	392	39	commonly	commonly	ADV
taxlaw-6680	392	40	known	know	VERB
taxlaw-6680	392	41	as	as	ADP
taxlaw-6680	392	42	the	the	DET
taxlaw-6680	392	43	target	target	NOUN
taxlaw-6680	392	44	method	method	NOUN
taxlaw-6680	392	45	of	of	ADP
taxlaw-6680	392	46	allocations	allocation	NOUN
taxlaw-6680	392	47	(	(	PUNCT
taxlaw-6680	392	48	hereinafter	hereinafter	NOUN
taxlaw-6680	392	49	“	"	PUNCT
taxlaw-6680	392	50	target	target	VERB
taxlaw-6680	392	51	allocations”).67	allocations”).67	ADP
taxlaw-6680	392	52	as	as	SCONJ
taxlaw-6680	392	53	will	will	AUX
taxlaw-6680	392	54	be	be	AUX
taxlaw-6680	392	55	discussed	discuss	VERB
taxlaw-6680	392	56	in	in	ADP
taxlaw-6680	392	57	part	part	NOUN
taxlaw-6680	392	58	iv.a	iv.a	PROPN
taxlaw-6680	392	59	.	.	PUNCT
taxlaw-6680	392	60	,	,	PUNCT
taxlaw-6680	392	61	implementing	implement	VERB
taxlaw-6680	392	62	this	this	DET
taxlaw-6680	392	63	method	method	NOUN
taxlaw-6680	392	64	is	be	AUX
taxlaw-6680	392	65	more	more	ADV
taxlaw-6680	392	66	complicated	complicated	ADJ
taxlaw-6680	392	67	than	than	SCONJ
taxlaw-6680	392	68	it	it	PRON
taxlaw-6680	392	69	may	may	AUX
taxlaw-6680	392	70	seem	seem	VERB
taxlaw-6680	392	71	,	,	PUNCT
taxlaw-6680	392	72	and	and	CCONJ
taxlaw-6680	392	73	doing	do	VERB
taxlaw-6680	392	74	so	so	ADV
taxlaw-6680	392	75	may	may	AUX
taxlaw-6680	392	76	cause	cause	VERB
taxlaw-6680	392	77	new	new	ADJ
taxlaw-6680	392	78	problems	problem	NOUN
taxlaw-6680	392	79	as	as	SCONJ
taxlaw-6680	392	80	it	it	PRON
taxlaw-6680	392	81	solves	solve	VERB
taxlaw-6680	392	82	the	the	DET
taxlaw-6680	392	83	old	old	ADJ
taxlaw-6680	392	84	ones	one	NOUN
taxlaw-6680	392	85	.	.	PUNCT
taxlaw-6680	393	1	3	3	X
taxlaw-6680	393	2	.	.	X
taxlaw-6680	393	3	the	the	DET
taxlaw-6680	393	4	abuse	abuse	NOUN
taxlaw-6680	393	5	of	of	ADP
taxlaw-6680	393	6	dro	dro	PROPN
taxlaw-6680	393	7	and	and	CCONJ
taxlaw-6680	393	8	bottom	bottom	ADJ
taxlaw-6680	393	9	dollar	dollar	NOUN
taxlaw-6680	393	10	payment	payment	NOUN
taxlaw-6680	393	11	obligations	obligation	NOUN
taxlaw-6680	393	12	a	a	DET
taxlaw-6680	393	13	different	different	ADJ
taxlaw-6680	393	14	type	type	NOUN
taxlaw-6680	393	15	of	of	ADP
taxlaw-6680	393	16	tax	tax	NOUN
taxlaw-6680	393	17	-	-	PUNCT
taxlaw-6680	393	18	economics	economics	NOUN
taxlaw-6680	393	19	mismatch	mismatch	NOUN
taxlaw-6680	393	20	under	under	ADP
taxlaw-6680	393	21	the	the	DET
taxlaw-6680	393	22	treasury	treasury	NOUN
taxlaw-6680	393	23	’s	’s	PART
taxlaw-6680	393	24	capital	capital	NOUN
taxlaw-6680	393	25	account	account	NOUN
taxlaw-6680	393	26	method	method	NOUN
taxlaw-6680	393	27	occurs	occur	VERB
taxlaw-6680	393	28	through	through	ADP
taxlaw-6680	393	29	the	the	DET
taxlaw-6680	393	30	abuse	abuse	NOUN
taxlaw-6680	393	31	of	of	ADP
taxlaw-6680	393	32	the	the	DET
taxlaw-6680	393	33	deficit	deficit	NOUN
taxlaw-6680	393	34	restoration	restoration	NOUN
taxlaw-6680	393	35	requirement	requirement	NOUN
taxlaw-6680	393	36	,	,	PUNCT
taxlaw-6680	393	37	or	or	CCONJ
taxlaw-6680	393	38	dro.68	dro.68	NOUN
taxlaw-6680	393	39	a	a	DET
taxlaw-6680	393	40	dro	dro	PROPN
taxlaw-6680	393	41	is	be	AUX
taxlaw-6680	393	42	an	an	DET
taxlaw-6680	393	43	obligation	obligation	NOUN
taxlaw-6680	393	44	of	of	ADP
taxlaw-6680	393	45	a	a	DET
taxlaw-6680	393	46	partner	partner	NOUN
taxlaw-6680	393	47	to	to	PART
taxlaw-6680	393	48	restore	restore	VERB
taxlaw-6680	393	49	her	her	PRON
taxlaw-6680	393	50	negative	negative	ADJ
taxlaw-6680	393	51	capital	capital	NOUN
taxlaw-6680	393	52	account	account	NOUN
taxlaw-6680	393	53	balance	balance	NOUN
taxlaw-6680	393	54	by	by	ADP
taxlaw-6680	393	55	making	make	VERB
taxlaw-6680	393	56	an	an	DET
taxlaw-6680	393	57	additional	additional	ADJ
taxlaw-6680	393	58	contribution	contribution	NOUN
taxlaw-6680	393	59	to	to	ADP
taxlaw-6680	393	60	the	the	DET
taxlaw-6680	393	61	partnership	partnership	NOUN
taxlaw-6680	393	62	,	,	PUNCT
taxlaw-6680	393	63	triggered	trigger	VERB
taxlaw-6680	393	64	by	by	ADP
taxlaw-6680	393	65	the	the	DET
taxlaw-6680	393	66	liquidation	liquidation	NOUN
taxlaw-6680	393	67	of	of	ADP
taxlaw-6680	393	68	her	her	PRON
taxlaw-6680	393	69	partnership	partnership	NOUN
taxlaw-6680	393	70	interest.69	interest.69	NOUN
taxlaw-6680	393	71	because	because	SCONJ
taxlaw-6680	393	72	capital	capital	NOUN
taxlaw-6680	393	73	account	account	NOUN
taxlaw-6680	393	74	deficits	deficit	NOUN
taxlaw-6680	393	75	need	need	VERB
taxlaw-6680	393	76	to	to	PART
taxlaw-6680	393	77	be	be	AUX
taxlaw-6680	393	78	restored	restore	VERB
taxlaw-6680	393	79	only	only	ADV
taxlaw-6680	393	80	at	at	ADP
taxlaw-6680	393	81	liquidation	liquidation	NOUN
taxlaw-6680	393	82	and	and	CCONJ
taxlaw-6680	393	83	the	the	DET
taxlaw-6680	393	84	associated	associated	ADJ
taxlaw-6680	393	85	tax	tax	NOUN
taxlaw-6680	393	86	deduction	deduction	NOUN
taxlaw-6680	393	87	may	may	AUX
taxlaw-6680	393	88	be	be	AUX
taxlaw-6680	393	89	claimed	claim	VERB
taxlaw-6680	393	90	immediately	immediately	ADV
taxlaw-6680	393	91	against	against	ADP
taxlaw-6680	393	92	unrelated	unrelated	ADJ
taxlaw-6680	393	93	income	income	NOUN
taxlaw-6680	393	94	,	,	PUNCT
taxlaw-6680	393	95	the	the	DET
taxlaw-6680	393	96	partnership	partnership	NOUN
taxlaw-6680	393	97	can	can	AUX
taxlaw-6680	393	98	be	be	AUX
taxlaw-6680	393	99	structured	structure	VERB
taxlaw-6680	393	100	in	in	ADP
taxlaw-6680	393	101	a	a	DET
taxlaw-6680	393	102	way	way	NOUN
taxlaw-6680	393	103	that	that	PRON
taxlaw-6680	393	104	actual	actual	ADJ
taxlaw-6680	393	105	liquidation	liquidation	NOUN
taxlaw-6680	393	106	will	will	AUX
taxlaw-6680	393	107	never	never	ADV
taxlaw-6680	393	108	occur.70this	occur.70this	PRON
taxlaw-6680	393	109	creates	create	VERB
taxlaw-6680	393	110	a	a	DET
taxlaw-6680	393	111	risk	risk	NOUN
taxlaw-6680	393	112	that	that	SCONJ
taxlaw-6680	393	113	the	the	DET
taxlaw-6680	393	114	tax	tax	NOUN
taxlaw-6680	393	115	mismatches	mismatch	VERB
taxlaw-6680	393	116	the	the	DET
taxlaw-6680	393	117	economics	economic	NOUN
taxlaw-6680	393	118	in	in	ADP
taxlaw-6680	393	119	present	present	ADJ
taxlaw-6680	393	120	value	value	NOUN
taxlaw-6680	393	121	terms	term	NOUN
taxlaw-6680	393	122	.	.	PUNCT
taxlaw-6680	394	1	71	71	NUM
taxlaw-6680	394	2	this	this	DET
taxlaw-6680	394	3	problem	problem	NOUN
taxlaw-6680	394	4	is	be	AUX
taxlaw-6680	394	5	exacerbated	exacerbate	VERB
taxlaw-6680	394	6	by	by	ADP
taxlaw-6680	394	7	the	the	DET
taxlaw-6680	394	8	current	current	ADJ
taxlaw-6680	394	9	regulations	regulation	NOUN
taxlaw-6680	394	10	in	in	ADP
taxlaw-6680	394	11	three	three	NUM
taxlaw-6680	394	12	ways	way	NOUN
taxlaw-6680	394	13	.	.	PUNCT
taxlaw-6680	395	1	first	first	ADV
taxlaw-6680	395	2	,	,	PUNCT
taxlaw-6680	395	3	the	the	DET
taxlaw-6680	395	4	regulations	regulation	NOUN
taxlaw-6680	395	5	do	do	AUX
taxlaw-6680	395	6	not	not	PART
taxlaw-6680	395	7	consider	consider	VERB
taxlaw-6680	395	8	whether	whether	SCONJ
taxlaw-6680	395	9	a	a	DET
taxlaw-6680	395	10	partner	partner	NOUN
taxlaw-6680	395	11	actually	actually	ADV
taxlaw-6680	395	12	has	have	VERB
taxlaw-6680	395	13	the	the	DET
taxlaw-6680	395	14	financial	financial	ADJ
taxlaw-6680	395	15	resources	resource	NOUN
taxlaw-6680	395	16	to	to	PART
taxlaw-6680	395	17	honor	honor	VERB
taxlaw-6680	395	18	a	a	DET
taxlaw-6680	395	19	dro	dro	PROPN
taxlaw-6680	395	20	.	.	PUNCT
taxlaw-6680	396	1	additionally	additionally	ADV
taxlaw-6680	396	2	,	,	PUNCT
taxlaw-6680	396	3	the	the	DET
taxlaw-6680	396	4	regulations	regulation	NOUN
taxlaw-6680	396	5	presume	presume	VERB
taxlaw-6680	396	6	that	that	SCONJ
taxlaw-6680	396	7	the	the	DET
taxlaw-6680	396	8	value	value	NOUN
taxlaw-6680	396	9	of	of	ADP
taxlaw-6680	396	10	partnership	partnership	NOUN
taxlaw-6680	396	11	property	property	NOUN
taxlaw-6680	396	12	is	be	AUX
taxlaw-6680	396	13	equal	equal	ADJ
taxlaw-6680	396	14	to	to	ADP
taxlaw-6680	396	15	its	its	PRON
taxlaw-6680	396	16	adjusted	adjusted	ADJ
taxlaw-6680	396	17	basis	basis	NOUN
taxlaw-6680	396	18	when	when	SCONJ
taxlaw-6680	396	19	determining	determine	VERB
taxlaw-6680	396	20	substantiality	substantiality	NOUN
taxlaw-6680	396	21	of	of	ADP
taxlaw-6680	396	22	an	an	DET
taxlaw-6680	396	23	allocation	allocation	NOUN
taxlaw-6680	396	24	’s	’s	PART
taxlaw-6680	396	25	economic	economic	ADJ
taxlaw-6680	396	26	effect	effect	NOUN
taxlaw-6680	396	27	.	.	PUNCT
taxlaw-6680	397	1	finally	finally	ADV
taxlaw-6680	397	2	,	,	PUNCT
taxlaw-6680	397	3	the	the	DET
taxlaw-6680	397	4	regulations	regulation	NOUN
taxlaw-6680	397	5	allow	allow	VERB
taxlaw-6680	397	6	65	65	NUM
taxlaw-6680	397	7	alternatively	alternatively	ADV
taxlaw-6680	397	8	,	,	PUNCT
taxlaw-6680	397	9	if	if	SCONJ
taxlaw-6680	397	10	the	the	DET
taxlaw-6680	397	11	partnership	partnership	NOUN
taxlaw-6680	397	12	elects	elect	VERB
taxlaw-6680	397	13	to	to	PART
taxlaw-6680	397	14	revaluate	revaluate	VERB
taxlaw-6680	397	15	all	all	DET
taxlaw-6680	397	16	properties	property	NOUN
taxlaw-6680	397	17	immediately	immediately	ADV
taxlaw-6680	397	18	before	before	ADP
taxlaw-6680	397	19	the	the	DET
taxlaw-6680	397	20	distribution	distribution	NOUN
taxlaw-6680	397	21	,	,	PUNCT
taxlaw-6680	397	22	the	the	DET
taxlaw-6680	397	23	$	$	SYM
taxlaw-6680	397	24	1,550x	1,550x	NUM
taxlaw-6680	397	25	will	will	AUX
taxlaw-6680	397	26	be	be	AUX
taxlaw-6680	397	27	revaluation	revaluation	NOUN
taxlaw-6680	397	28	gain	gain	NOUN
taxlaw-6680	397	29	and	and	CCONJ
taxlaw-6680	397	30	section	section	NOUN
taxlaw-6680	397	31	704(c	704(c	NOUN
taxlaw-6680	397	32	)	)	PUNCT
taxlaw-6680	397	33	doctrine	doctrine	NOUN
taxlaw-6680	397	34	can	can	AUX
taxlaw-6680	397	35	potentially	potentially	ADV
taxlaw-6680	397	36	ensure	ensure	VERB
taxlaw-6680	397	37	that	that	SCONJ
taxlaw-6680	397	38	in	in	ADP
taxlaw-6680	397	39	the	the	DET
taxlaw-6680	397	40	subsequent	subsequent	ADJ
taxlaw-6680	397	41	liquidation	liquidation	NOUN
taxlaw-6680	397	42	,	,	PUNCT
taxlaw-6680	397	43	a	a	DET
taxlaw-6680	397	44	,	,	PUNCT
taxlaw-6680	397	45	b	b	NOUN
taxlaw-6680	397	46	and	and	CCONJ
taxlaw-6680	397	47	c	c	PROPN
taxlaw-6680	397	48	will	will	AUX
taxlaw-6680	397	49	be	be	AUX
taxlaw-6680	397	50	allocated	allocate	VERB
taxlaw-6680	397	51	a	a	DET
taxlaw-6680	397	52	tax	tax	NOUN
taxlaw-6680	397	53	gain	gain	NOUN
taxlaw-6680	397	54	of	of	ADP
taxlaw-6680	397	55	$	$	SYM
taxlaw-6680	397	56	900x	900x	NOUN
taxlaw-6680	397	57	,	,	PUNCT
taxlaw-6680	397	58	$	$	SYM
taxlaw-6680	397	59	450x	450x	NUM
taxlaw-6680	397	60	and	and	CCONJ
taxlaw-6680	397	61	$	$	SYM
taxlaw-6680	397	62	250x	250x	NUM
taxlaw-6680	397	63	,	,	PUNCT
taxlaw-6680	397	64	respectively	respectively	ADV
taxlaw-6680	397	65	.	.	PUNCT
taxlaw-6680	398	1	see	see	VERB
taxlaw-6680	398	2	i.r.c	i.r.c	NOUN
taxlaw-6680	398	3	.	.	PUNCT
taxlaw-6680	399	1	§	§	PROPN
taxlaw-6680	399	2	704(c	704(c	PROPN
taxlaw-6680	399	3	)	)	PUNCT
taxlaw-6680	399	4	;	;	PUNCT
taxlaw-6680	400	1	treas	treas	PROPN
taxlaw-6680	400	2	.	.	PUNCT
taxlaw-6680	401	1	reg	reg	PROPN
taxlaw-6680	401	2	.	.	PUNCT
taxlaw-6680	402	1	§	§	PROPN
taxlaw-6680	402	2	1.704	1.704	NUM
taxlaw-6680	402	3	-	-	NUM
taxlaw-6680	402	4	1(b)(2)(iv)(f)(4	1(b)(2)(iv)(f)(4	NUM
taxlaw-6680	402	5	)	)	PUNCT
taxlaw-6680	402	6	(	(	PUNCT
taxlaw-6680	402	7	providing	provide	VERB
taxlaw-6680	402	8	that	that	SCONJ
taxlaw-6680	402	9	adjustments	adjustment	NOUN
taxlaw-6680	402	10	to	to	ADP
taxlaw-6680	402	11	partners	partner	NOUN
taxlaw-6680	402	12	’	'	PUNCT
taxlaw-6680	402	13	capital	capital	NOUN
taxlaw-6680	402	14	accounts	account	NOUN
taxlaw-6680	402	15	for	for	ADP
taxlaw-6680	402	16	gains	gain	NOUN
taxlaw-6680	402	17	,	,	PUNCT
taxlaw-6680	402	18	losses	loss	NOUN
taxlaw-6680	402	19	and	and	CCONJ
taxlaw-6680	402	20	cost	cost	NOUN
taxlaw-6680	402	21	recovery	recovery	NOUN
taxlaw-6680	402	22	deductions	deduction	NOUN
taxlaw-6680	402	23	on	on	ADP
taxlaw-6680	402	24	revalued	revalue	VERB
taxlaw-6680	402	25	property	property	NOUN
taxlaw-6680	402	26	must	must	AUX
taxlaw-6680	402	27	be	be	AUX
taxlaw-6680	402	28	made	make	VERB
taxlaw-6680	402	29	as	as	SCONJ
taxlaw-6680	402	30	required	require	VERB
taxlaw-6680	402	31	by	by	ADP
taxlaw-6680	402	32	section	section	NOUN
taxlaw-6680	402	33	704(c	704(c	PROPN
taxlaw-6680	402	34	)	)	PUNCT
taxlaw-6680	402	35	)	)	PUNCT
taxlaw-6680	402	36	;	;	PUNCT
taxlaw-6680	403	1	treas	treas	PROPN
taxlaw-6680	403	2	.	.	PUNCT
taxlaw-6680	404	1	reg	reg	PROPN
taxlaw-6680	404	2	.	.	PUNCT
taxlaw-6680	405	1	§	§	PROPN
taxlaw-6680	405	2	1.704	1.704	NUM
taxlaw-6680	405	3	-	-	NUM
taxlaw-6680	405	4	1(b)(4)(i	1(b)(4)(i	NUM
taxlaw-6680	405	5	)	)	PUNCT
taxlaw-6680	405	6	(	(	PUNCT
taxlaw-6680	405	7	providing	provide	VERB
taxlaw-6680	405	8	that	that	DET
taxlaw-6680	405	9	cost	cost	NOUN
taxlaw-6680	405	10	recovery	recovery	NOUN
taxlaw-6680	405	11	deductions	deduction	NOUN
taxlaw-6680	405	12	,	,	PUNCT
taxlaw-6680	405	13	gain	gain	NOUN
taxlaw-6680	405	14	and	and	CCONJ
taxlaw-6680	405	15	loss	loss	NOUN
taxlaw-6680	405	16	on	on	ADP
taxlaw-6680	405	17	revalued	revalue	VERB
taxlaw-6680	405	18	property	property	NOUN
taxlaw-6680	405	19	must	must	AUX
taxlaw-6680	405	20	be	be	AUX
taxlaw-6680	405	21	allocated	allocate	VERB
taxlaw-6680	405	22	among	among	ADP
taxlaw-6680	405	23	the	the	DET
taxlaw-6680	405	24	partners	partner	NOUN
taxlaw-6680	405	25	to	to	PART
taxlaw-6680	405	26	take	take	VERB
taxlaw-6680	405	27	into	into	ADP
taxlaw-6680	405	28	account	account	NOUN
taxlaw-6680	405	29	the	the	DET
taxlaw-6680	405	30	difference	difference	NOUN
taxlaw-6680	405	31	between	between	ADP
taxlaw-6680	405	32	book	book	NOUN
taxlaw-6680	405	33	and	and	CCONJ
taxlaw-6680	405	34	tax	tax	NOUN
taxlaw-6680	405	35	basis	basis	NOUN
taxlaw-6680	405	36	as	as	SCONJ
taxlaw-6680	405	37	would	would	AUX
taxlaw-6680	405	38	be	be	AUX
taxlaw-6680	405	39	required	require	VERB
taxlaw-6680	405	40	under	under	ADP
taxlaw-6680	405	41	section	section	NOUN
taxlaw-6680	405	42	704(c	704(c	PROPN
taxlaw-6680	405	43	)	)	PUNCT
taxlaw-6680	405	44	)	)	PUNCT
taxlaw-6680	405	45	.	.	PUNCT
taxlaw-6680	406	1	66	66	NUM
taxlaw-6680	406	2	goldberg	goldberg	PROPN
taxlaw-6680	406	3	,	,	PUNCT
taxlaw-6680	406	4	supra	supra	PROPN
taxlaw-6680	406	5	note	note	PROPN
taxlaw-6680	406	6	54	54	NUM
taxlaw-6680	406	7	,	,	PUNCT
taxlaw-6680	406	8	at	at	ADP
taxlaw-6680	406	9	705	705	NUM
taxlaw-6680	406	10	(	(	PUNCT
taxlaw-6680	406	11	“	"	PUNCT
taxlaw-6680	406	12	[	[	X
taxlaw-6680	406	13	c]apital	c]apital	ADJ
taxlaw-6680	406	14	accounts	account	NOUN
taxlaw-6680	406	15	can	can	AUX
taxlaw-6680	406	16	get	get	VERB
taxlaw-6680	406	17	out	out	ADP
taxlaw-6680	406	18	of	of	ADP
taxlaw-6680	406	19	alignment	alignment	NOUN
taxlaw-6680	406	20	if	if	SCONJ
taxlaw-6680	406	21	the	the	DET
taxlaw-6680	406	22	partnership	partnership	NOUN
taxlaw-6680	406	23	’s	’s	PART
taxlaw-6680	406	24	accountants	accountant	NOUN
taxlaw-6680	406	25	havemade	havemade	PROPN
taxlaw-6680	406	26	allocations	allocation	NOUN
taxlaw-6680	406	27	erroneously	erroneously	ADV
taxlaw-6680	406	28	.	.	PUNCT
taxlaw-6680	406	29	.	.	PUNCT
taxlaw-6680	406	30	.	.	PUNCT
taxlaw-6680	407	1	so	so	ADV
taxlaw-6680	407	2	that	that	SCONJ
taxlaw-6680	407	3	even	even	ADV
taxlaw-6680	407	4	reversal	reversal	NOUN
taxlaw-6680	407	5	allocations	allocation	NOUN
taxlaw-6680	407	6	.	.	PUNCT
taxlaw-6680	407	7	.	.	PUNCT
taxlaw-6680	408	1	.	.	PUNCT
taxlaw-6680	409	1	fail	fail	VERB
taxlaw-6680	409	2	to	to	PART
taxlaw-6680	409	3	bring	bring	VERB
taxlaw-6680	409	4	the	the	DET
taxlaw-6680	409	5	partner	partner	NOUN
taxlaw-6680	409	6	’s	’s	PART
taxlaw-6680	409	7	capital	capital	NOUN
taxlaw-6680	409	8	accounts	account	NOUN
taxlaw-6680	409	9	into	into	ADP
taxlaw-6680	409	10	alignment	alignment	NOUN
taxlaw-6680	409	11	with	with	ADP
taxlaw-6680	409	12	the	the	DET
taxlaw-6680	409	13	economic	economic	ADJ
taxlaw-6680	409	14	deal	deal	NOUN
taxlaw-6680	409	15	.	.	PUNCT
taxlaw-6680	410	1	under	under	ADP
taxlaw-6680	410	2	the	the	DET
taxlaw-6680	410	3	treasury	treasury	NOUN
taxlaw-6680	410	4	method	method	NOUN
taxlaw-6680	410	5	,	,	PUNCT
taxlaw-6680	410	6	those	those	DET
taxlaw-6680	410	7	errors	error	NOUN
taxlaw-6680	410	8	can	can	AUX
taxlaw-6680	410	9	affect	affect	VERB
taxlaw-6680	410	10	the	the	DET
taxlaw-6680	410	11	economic	economic	ADJ
taxlaw-6680	410	12	arrangement	arrangement	NOUN
taxlaw-6680	410	13	of	of	ADP
taxlaw-6680	410	14	the	the	DET
taxlaw-6680	410	15	partners	partner	NOUN
taxlaw-6680	410	16	.	.	PUNCT
taxlaw-6680	410	17	”	"	PUNCT
taxlaw-6680	410	18	)	)	PUNCT
taxlaw-6680	410	19	.	.	PUNCT
taxlaw-6680	411	1	67	67	NUM
taxlaw-6680	411	2	see	see	VERB
taxlaw-6680	411	3	goldberg	goldberg	PROPN
taxlaw-6680	411	4	,	,	PUNCT
taxlaw-6680	411	5	supra	supra	PROPN
taxlaw-6680	411	6	note	note	NOUN
taxlaw-6680	411	7	54	54	NUM
taxlaw-6680	411	8	at	at	ADP
taxlaw-6680	411	9	728	728	NUM
taxlaw-6680	411	10	.	.	PUNCT
taxlaw-6680	411	11	68	68	NUM
taxlaw-6680	411	12	for	for	ADP
taxlaw-6680	411	13	the	the	DET
taxlaw-6680	411	14	deficit	deficit	NOUN
taxlaw-6680	411	15	restoration	restoration	NOUN
taxlaw-6680	411	16	obligation	obligation	NOUN
taxlaw-6680	411	17	,	,	PUNCT
taxlaw-6680	411	18	see	see	VERB
taxlaw-6680	411	19	treas	treas	PROPN
taxlaw-6680	411	20	.	.	PUNCT
taxlaw-6680	412	1	reg	reg	PROPN
taxlaw-6680	412	2	.	.	PUNCT
taxlaw-6680	413	1	§	§	PROPN
taxlaw-6680	413	2	1.704–1(b)(2)(ii)(b)(3	1.704–1(b)(2)(ii)(b)(3	NUM
taxlaw-6680	413	3	)	)	PUNCT
taxlaw-6680	413	4	.	.	PUNCT
taxlaw-6680	414	1	69	69	NUM
taxlaw-6680	415	1	i	i	PRON
taxlaw-6680	415	2	d.	d.	PROPN
taxlaw-6680	415	3	;	;	PUNCT
taxlaw-6680	415	4	see	see	VERB
taxlaw-6680	415	5	also	also	ADV
taxlaw-6680	415	6	treas	treas	PROPN
taxlaw-6680	415	7	.	.	PUNCT
taxlaw-6680	416	1	reg	reg	PROPN
taxlaw-6680	416	2	.	.	PUNCT
taxlaw-6680	417	1	§	§	PROPN
taxlaw-6680	417	2	1.704–1(b)(2)(ii)(h	1.704–1(b)(2)(ii)(h	PROPN
taxlaw-6680	417	3	)	)	PUNCT
taxlaw-6680	417	4	(	(	PUNCT
taxlaw-6680	417	5	providing	provide	VERB
taxlaw-6680	417	6	that	that	SCONJ
taxlaw-6680	417	7	dro	dro	PROPN
taxlaw-6680	417	8	may	may	AUX
taxlaw-6680	417	9	be	be	AUX
taxlaw-6680	417	10	implied	imply	VERB
taxlaw-6680	417	11	by	by	ADP
taxlaw-6680	417	12	the	the	DET
taxlaw-6680	417	13	totality	totality	NOUN
taxlaw-6680	417	14	of	of	ADP
taxlaw-6680	417	15	the	the	DET
taxlaw-6680	417	16	parties	party	NOUN
taxlaw-6680	417	17	’	'	PUNCT
taxlaw-6680	417	18	economic	economic	ADJ
taxlaw-6680	417	19	arrangements	arrangement	NOUN
taxlaw-6680	417	20	,	,	PUNCT
taxlaw-6680	417	21	such	such	ADJ
taxlaw-6680	417	22	as	as	ADP
taxlaw-6680	417	23	by	by	ADP
taxlaw-6680	417	24	an	an	DET
taxlaw-6680	417	25	indemnification	indemnification	NOUN
taxlaw-6680	417	26	agreement	agreement	NOUN
taxlaw-6680	417	27	,	,	PUNCT
taxlaw-6680	417	28	even	even	ADV
taxlaw-6680	417	29	if	if	SCONJ
taxlaw-6680	417	30	not	not	PART
taxlaw-6680	417	31	explicitly	explicitly	ADV
taxlaw-6680	417	32	stated	state	VERB
taxlaw-6680	417	33	)	)	PUNCT
taxlaw-6680	417	34	.	.	PUNCT
taxlaw-6680	418	1	70	70	NUM
taxlaw-6680	418	2	reg–122855–15	reg–122855–15	NOUN
taxlaw-6680	418	3	,	,	PUNCT
taxlaw-6680	418	4	2016	2016	NUM
taxlaw-6680	418	5	-	-	SYM
taxlaw-6680	418	6	52	52	NUM
taxlaw-6680	418	7	i.r.b	i.r.b	NOUN
taxlaw-6680	418	8	.	.	PUNCT
taxlaw-6680	418	9	926	926	NUM
taxlaw-6680	418	10	(	(	PUNCT
taxlaw-6680	418	11	dec	dec	PROPN
taxlaw-6680	418	12	.	.	PROPN
taxlaw-6680	418	13	27	27	NUM
taxlaw-6680	418	14	,	,	PUNCT
taxlaw-6680	418	15	2016	2016	NUM
taxlaw-6680	418	16	)	)	PUNCT
taxlaw-6680	418	17	(	(	PUNCT
taxlaw-6680	418	18	“	"	PUNCT
taxlaw-6680	418	19	[	[	X
taxlaw-6680	418	20	s]ome	s]ome	NOUN
taxlaw-6680	418	21	partnerships	partnership	NOUN
taxlaw-6680	418	22	are	be	AUX
taxlaw-6680	418	23	intended	intend	VERB
taxlaw-6680	418	24	to	to	PART
taxlaw-6680	418	25	have	have	VERB
taxlaw-6680	418	26	perpetual	perpetual	ADJ
taxlaw-6680	418	27	life	life	NOUN
taxlaw-6680	418	28	and	and	CCONJ
taxlaw-6680	418	29	other	other	ADJ
taxlaw-6680	418	30	partnerships	partnership	NOUN
taxlaw-6680	418	31	can	can	AUX
taxlaw-6680	418	32	effectively	effectively	ADV
taxlaw-6680	418	33	cease	cease	VERB
taxlaw-6680	418	34	operations	operation	NOUN
taxlaw-6680	418	35	but	but	CCONJ
taxlaw-6680	418	36	not	not	PART
taxlaw-6680	418	37	actually	actually	ADV
taxlaw-6680	418	38	liquidate	liquidate	ADJ
taxlaw-6680	418	39	;	;	PUNCT
taxlaw-6680	418	40	therefore	therefore	ADV
taxlaw-6680	418	41	,	,	PUNCT
taxlaw-6680	418	42	a	a	DET
taxlaw-6680	418	43	partner	partner	NOUN
taxlaw-6680	418	44	’s	’s	PART
taxlaw-6680	418	45	dro	dro	NOUN
taxlaw-6680	418	46	may	may	AUX
taxlaw-6680	418	47	never	never	ADV
taxlaw-6680	418	48	be	be	AUX
taxlaw-6680	418	49	required	require	VERB
taxlaw-6680	418	50	to	to	PART
taxlaw-6680	418	51	be	be	AUX
taxlaw-6680	418	52	satisfied	satisfied	ADJ
taxlaw-6680	418	53	.	.	PUNCT
taxlaw-6680	418	54	”	"	PUNCT
taxlaw-6680	418	55	)	)	PUNCT
taxlaw-6680	418	56	.	.	PUNCT
taxlaw-6680	419	1	71	71	NUM
taxlaw-6680	419	2	see	see	NOUN
taxlaw-6680	419	3	,	,	PUNCT
taxlaw-6680	419	4	e.g.	e.g.	ADV
taxlaw-6680	419	5	,	,	PUNCT
taxlaw-6680	419	6	treas	treas	PROPN
taxlaw-6680	419	7	.	.	PUNCT
taxlaw-6680	420	1	reg	reg	PROPN
taxlaw-6680	420	2	.	.	PUNCT
taxlaw-6680	421	1	§	§	PROPN
taxlaw-6680	421	2	1.701–2(d	1.701–2(d	NUM
taxlaw-6680	421	3	)	)	PUNCT
taxlaw-6680	421	4	,	,	PUNCT
taxlaw-6680	421	5	ex	ex	X
taxlaw-6680	421	6	.	.	PUNCT
taxlaw-6680	421	7	(	(	PUNCT
taxlaw-6680	421	8	6	6	NUM
taxlaw-6680	421	9	)	)	PUNCT
taxlaw-6680	421	10	(	(	PUNCT
taxlaw-6680	421	11	dro	dro	PROPN
taxlaw-6680	421	12	is	be	AUX
taxlaw-6680	421	13	part	part	NOUN
taxlaw-6680	421	14	of	of	ADP
taxlaw-6680	421	15	a	a	DET
taxlaw-6680	421	16	regulatory	regulatory	ADJ
taxlaw-6680	421	17	scheme	scheme	NOUN
taxlaw-6680	421	18	that	that	PRON
taxlaw-6680	421	19	enables	enable	VERB
taxlaw-6680	421	20	the	the	DET
taxlaw-6680	421	21	taxpayers	taxpayer	NOUN
taxlaw-6680	421	22	to	to	PART
taxlaw-6680	421	23	realize	realize	VERB
taxlaw-6680	421	24	“	"	PUNCT
taxlaw-6680	421	25	significant	significant	ADJ
taxlaw-6680	421	26	timing	timing	NOUN
taxlaw-6680	421	27	benefits	benefit	NOUN
taxlaw-6680	421	28	through	through	ADP
taxlaw-6680	421	29	the	the	DET
taxlaw-6680	421	30	special	special	ADJ
taxlaw-6680	421	31	allocation	allocation	NOUN
taxlaw-6680	421	32	”	"	PUNCT
taxlaw-6680	421	33	without	without	ADP
taxlaw-6680	421	34	being	be	AUX
taxlaw-6680	421	35	challenged	challenge	VERB
taxlaw-6680	421	36	based	base	VERB
taxlaw-6680	421	37	on	on	ADP
taxlaw-6680	421	38	the	the	DET
taxlaw-6680	421	39	underlying	underlie	VERB
taxlaw-6680	421	40	economics	economic	NOUN
taxlaw-6680	421	41	of	of	ADP
taxlaw-6680	421	42	the	the	DET
taxlaw-6680	421	43	proposed	propose	VERB
taxlaw-6680	421	44	transaction	transaction	NOUN
taxlaw-6680	421	45	)	)	PUNCT
taxlaw-6680	421	46	.	.	PUNCT
taxlaw-6680	422	1	2019	2019	NUM
taxlaw-6680	422	2	]	]	PUNCT
taxlaw-6680	422	3	a	a	DET
taxlaw-6680	422	4	gain	gain	NOUN
taxlaw-6680	422	5	must	must	AUX
taxlaw-6680	422	6	lie	lie	VERB
taxlaw-6680	422	7	where	where	SCONJ
taxlaw-6680	422	8	it	it	PRON
taxlaw-6680	422	9	falls	fall	VERB
taxlaw-6680	422	10	:	:	PUNCT
taxlaw-6680	422	11	matching	match	VERB
taxlaw-6680	422	12	tax	tax	NOUN
taxlaw-6680	422	13	with	with	ADP
taxlaw-6680	422	14	economics	economic	NOUN
taxlaw-6680	422	15	in	in	ADP
taxlaw-6680	422	16	subchapter	subchapter	NOUN
taxlaw-6680	422	17	k	k	PROPN
taxlaw-6680	422	18	119	119	NUM
taxlaw-6680	422	19	partners	partner	NOUN
taxlaw-6680	422	20	to	to	PART
taxlaw-6680	422	21	personally	personally	ADV
taxlaw-6680	422	22	guarantee	guarantee	VERB
taxlaw-6680	422	23	a	a	DET
taxlaw-6680	422	24	partnership	partnership	NOUN
taxlaw-6680	422	25	debt	debt	NOUN
taxlaw-6680	422	26	that	that	PRON
taxlaw-6680	422	27	entails	entail	VERB
taxlaw-6680	422	28	little	little	ADJ
taxlaw-6680	422	29	economic	economic	ADJ
taxlaw-6680	422	30	risk	risk	NOUN
taxlaw-6680	422	31	,	,	PUNCT
taxlaw-6680	422	32	such	such	ADJ
taxlaw-6680	422	33	as	as	ADP
taxlaw-6680	422	34	the	the	DET
taxlaw-6680	422	35	so	so	ADV
taxlaw-6680	422	36	-	-	PUNCT
taxlaw-6680	422	37	called	call	VERB
taxlaw-6680	422	38	bottom	bottom	ADJ
taxlaw-6680	422	39	dollar	dollar	NOUN
taxlaw-6680	422	40	guarantee.72	guarantee.72	NOUN
taxlaw-6680	422	41	under	under	ADP
taxlaw-6680	422	42	the	the	DET
taxlaw-6680	422	43	current	current	ADJ
taxlaw-6680	422	44	regulations	regulation	NOUN
taxlaw-6680	422	45	,	,	PUNCT
taxlaw-6680	422	46	a	a	DET
taxlaw-6680	422	47	dro	dro	NOUN
taxlaw-6680	422	48	must	must	AUX
taxlaw-6680	422	49	be	be	AUX
taxlaw-6680	422	50	legally	legally	ADV
taxlaw-6680	422	51	enforceable	enforceable	ADJ
taxlaw-6680	422	52	and	and	CCONJ
taxlaw-6680	422	53	there	there	PRON
taxlaw-6680	422	54	can	can	AUX
taxlaw-6680	422	55	not	not	PART
taxlaw-6680	422	56	be	be	AUX
taxlaw-6680	422	57	a	a	DET
taxlaw-6680	422	58	plan	plan	NOUN
taxlaw-6680	422	59	to	to	PART
taxlaw-6680	422	60	avoid	avoid	VERB
taxlaw-6680	422	61	or	or	CCONJ
taxlaw-6680	422	62	circumvent	circumvent	VERB
taxlaw-6680	422	63	such	such	DET
taxlaw-6680	422	64	an	an	DET
taxlaw-6680	422	65	obligation.73	obligation.73	NOUN
taxlaw-6680	422	66	in	in	ADP
taxlaw-6680	422	67	the	the	DET
taxlaw-6680	422	68	2016	2016	NUM
taxlaw-6680	422	69	proposed	propose	VERB
taxlaw-6680	422	70	regulations	regulation	NOUN
taxlaw-6680	422	71	,	,	PUNCT
taxlaw-6680	422	72	the	the	DET
taxlaw-6680	422	73	treasury	treasury	NOUN
taxlaw-6680	422	74	added	add	VERB
taxlaw-6680	422	75	several	several	ADJ
taxlaw-6680	422	76	factors	factor	NOUN
taxlaw-6680	422	77	to	to	PART
taxlaw-6680	422	78	help	help	VERB
taxlaw-6680	422	79	test	test	VERB
taxlaw-6680	422	80	for	for	ADP
taxlaw-6680	422	81	whether	whether	SCONJ
taxlaw-6680	422	82	an	an	DET
taxlaw-6680	422	83	obligation	obligation	NOUN
taxlaw-6680	422	84	is	be	AUX
taxlaw-6680	422	85	legally	legally	ADV
taxlaw-6680	422	86	enforceable	enforceable	ADJ
taxlaw-6680	422	87	and	and	CCONJ
taxlaw-6680	422	88	whether	whether	SCONJ
taxlaw-6680	422	89	there	there	PRON
taxlaw-6680	422	90	is	be	VERB
taxlaw-6680	422	91	a	a	DET
taxlaw-6680	422	92	plan	plan	NOUN
taxlaw-6680	422	93	to	to	PART
taxlaw-6680	422	94	avoid.74	avoid.74	VERB
taxlaw-6680	422	95	these	these	DET
taxlaw-6680	422	96	factors	factor	NOUN
taxlaw-6680	422	97	included	include	VERB
taxlaw-6680	422	98	commercially	commercially	ADV
taxlaw-6680	422	99	reasonable	reasonable	ADJ
taxlaw-6680	422	100	provisions	provision	NOUN
taxlaw-6680	422	101	for	for	ADP
taxlaw-6680	422	102	enforcement	enforcement	NOUN
taxlaw-6680	422	103	and	and	CCONJ
taxlaw-6680	422	104	collection	collection	NOUN
taxlaw-6680	422	105	,	,	PUNCT
taxlaw-6680	422	106	commercially	commercially	ADV
taxlaw-6680	422	107	reasonable	reasonable	ADJ
taxlaw-6680	422	108	documentation	documentation	NOUN
taxlaw-6680	422	109	regarding	regard	VERB
taxlaw-6680	422	110	the	the	DET
taxlaw-6680	422	111	partner	partner	NOUN
taxlaw-6680	422	112	’s	’s	PART
taxlaw-6680	422	113	financial	financial	ADJ
taxlaw-6680	422	114	condition	condition	NOUN
taxlaw-6680	422	115	,	,	PUNCT
taxlaw-6680	422	116	whether	whether	SCONJ
taxlaw-6680	422	117	the	the	DET
taxlaw-6680	422	118	purported	purport	VERB
taxlaw-6680	422	119	dro	dro	PROPN
taxlaw-6680	422	120	can	can	AUX
taxlaw-6680	422	121	be	be	AUX
taxlaw-6680	422	122	terminated	terminate	VERB
taxlaw-6680	422	123	before	before	ADP
taxlaw-6680	422	124	being	be	AUX
taxlaw-6680	422	125	triggered	trigger	VERB
taxlaw-6680	422	126	,	,	PUNCT
taxlaw-6680	422	127	and	and	CCONJ
taxlaw-6680	422	128	whether	whether	SCONJ
taxlaw-6680	422	129	its	its	PRON
taxlaw-6680	422	130	terms	term	NOUN
taxlaw-6680	422	131	are	be	AUX
taxlaw-6680	422	132	provided	provide	VERB
taxlaw-6680	422	133	to	to	ADP
taxlaw-6680	422	134	all	all	DET
taxlaw-6680	422	135	partners	partner	NOUN
taxlaw-6680	422	136	in	in	ADP
taxlaw-6680	422	137	a	a	DET
taxlaw-6680	422	138	timely	timely	ADV
taxlaw-6680	422	139	manner.75	manner.75	NOUN
taxlaw-6680	422	140	the	the	DET
taxlaw-6680	422	141	treasury	treasury	NOUN
taxlaw-6680	422	142	also	also	ADV
taxlaw-6680	422	143	expressed	express	VERB
taxlaw-6680	422	144	concern	concern	NOUN
taxlaw-6680	422	145	that	that	SCONJ
taxlaw-6680	422	146	a	a	DET
taxlaw-6680	422	147	purported	purport	VERB
taxlaw-6680	422	148	dro	dro	NOUN
taxlaw-6680	422	149	may	may	AUX
taxlaw-6680	422	150	never	never	ADV
taxlaw-6680	422	151	be	be	AUX
taxlaw-6680	422	152	triggered	trigger	VERB
taxlaw-6680	422	153	and	and	CCONJ
taxlaw-6680	422	154	requested	request	VERB
taxlaw-6680	422	155	comments	comment	NOUN
taxlaw-6680	422	156	on	on	ADP
taxlaw-6680	422	157	this	this	DET
taxlaw-6680	422	158	issue.76	issue.76	NOUN
taxlaw-6680	422	159	this	this	PRON
taxlaw-6680	422	160	indicates	indicate	VERB
taxlaw-6680	422	161	that	that	SCONJ
taxlaw-6680	422	162	the	the	DET
taxlaw-6680	422	163	treasury	treasury	NOUN
taxlaw-6680	422	164	is	be	AUX
taxlaw-6680	422	165	starting	start	VERB
taxlaw-6680	422	166	to	to	PART
taxlaw-6680	422	167	question	question	VERB
taxlaw-6680	422	168	the	the	DET
taxlaw-6680	422	169	economic	economic	ADJ
taxlaw-6680	422	170	significance	significance	NOUN
taxlaw-6680	422	171	of	of	ADP
taxlaw-6680	422	172	many	many	ADJ
taxlaw-6680	422	173	purported	purport	VERB
taxlaw-6680	422	174	dros	dros	PROPN
taxlaw-6680	422	175	and	and	CCONJ
taxlaw-6680	422	176	suggests	suggest	VERB
taxlaw-6680	422	177	that	that	SCONJ
taxlaw-6680	422	178	it	it	PRON
taxlaw-6680	422	179	may	may	AUX
taxlaw-6680	422	180	enforce	enforce	VERB
taxlaw-6680	422	181	the	the	DET
taxlaw-6680	422	182	restriction	restriction	NOUN
taxlaw-6680	422	183	in	in	ADP
taxlaw-6680	422	184	treasury	treasury	NOUN
taxlaw-6680	422	185	regulation	regulation	NOUN
taxlaw-6680	422	186	section	section	NOUN
taxlaw-6680	422	187	1.704	1.704	NUM
taxlaw-6680	422	188	-	-	SYM
taxlaw-6680	422	189	1(b)(2)(ii)(c	1(b)(2)(ii)(c	NUM
taxlaw-6680	422	190	)	)	PUNCT
taxlaw-6680	422	191	more	more	ADV
taxlaw-6680	422	192	robustly	robustly	ADV
taxlaw-6680	422	193	in	in	ADP
taxlaw-6680	422	194	the	the	DET
taxlaw-6680	422	195	future	future	NOUN
taxlaw-6680	422	196	.	.	PUNCT
taxlaw-6680	423	1	even	even	ADV
taxlaw-6680	423	2	if	if	SCONJ
taxlaw-6680	423	3	a	a	DET
taxlaw-6680	423	4	dro	dro	NOUN
taxlaw-6680	423	5	is	be	AUX
taxlaw-6680	423	6	legally	legally	ADV
taxlaw-6680	423	7	enforceable	enforceable	ADJ
taxlaw-6680	423	8	and	and	CCONJ
taxlaw-6680	423	9	there	there	PRON
taxlaw-6680	423	10	is	be	VERB
taxlaw-6680	423	11	no	no	DET
taxlaw-6680	423	12	plan	plan	NOUN
taxlaw-6680	423	13	to	to	PART
taxlaw-6680	423	14	avoid	avoid	VERB
taxlaw-6680	423	15	,	,	PUNCT
taxlaw-6680	423	16	its	its	PRON
taxlaw-6680	423	17	economic	economic	ADJ
taxlaw-6680	423	18	significance	significance	NOUN
taxlaw-6680	423	19	may	may	AUX
taxlaw-6680	423	20	still	still	ADV
taxlaw-6680	423	21	be	be	AUX
taxlaw-6680	423	22	questionable	questionable	ADJ
taxlaw-6680	423	23	if	if	SCONJ
taxlaw-6680	423	24	the	the	DET
taxlaw-6680	423	25	capital	capital	NOUN
taxlaw-6680	423	26	account	account	NOUN
taxlaw-6680	423	27	deficit	deficit	NOUN
taxlaw-6680	423	28	caused	cause	VERB
taxlaw-6680	423	29	by	by	ADP
taxlaw-6680	423	30	an	an	DET
taxlaw-6680	423	31	initial	initial	ADJ
taxlaw-6680	423	32	allocation	allocation	NOUN
taxlaw-6680	423	33	is	be	AUX
taxlaw-6680	423	34	likely	likely	ADJ
taxlaw-6680	423	35	to	to	PART
taxlaw-6680	423	36	be	be	AUX
taxlaw-6680	423	37	restored	restore	VERB
taxlaw-6680	423	38	by	by	ADP
taxlaw-6680	423	39	subsequent	subsequent	ADJ
taxlaw-6680	423	40	allocations.77	allocations.77	NOUN
taxlaw-6680	423	41	as	as	ADP
taxlaw-6680	423	42	a	a	DET
taxlaw-6680	423	43	general	general	ADJ
taxlaw-6680	423	44	rule	rule	NOUN
taxlaw-6680	423	45	,	,	PUNCT
taxlaw-6680	423	46	the	the	DET
taxlaw-6680	423	47	economic	economic	ADJ
taxlaw-6680	423	48	effect	effect	NOUN
taxlaw-6680	423	49	of	of	ADP
taxlaw-6680	423	50	an	an	DET
taxlaw-6680	423	51	allocation	allocation	NOUN
taxlaw-6680	423	52	is	be	AUX
taxlaw-6680	423	53	not	not	PART
taxlaw-6680	423	54	“	"	PUNCT
taxlaw-6680	423	55	substantial	substantial	ADJ
taxlaw-6680	423	56	”	"	PUNCT
taxlaw-6680	423	57	and	and	CCONJ
taxlaw-6680	423	58	thus	thus	ADV
taxlaw-6680	423	59	not	not	PART
taxlaw-6680	423	60	respected	respect	VERB
taxlaw-6680	423	61	for	for	ADP
taxlaw-6680	423	62	tax	tax	NOUN
taxlaw-6680	423	63	purposes	purpose	NOUN
taxlaw-6680	423	64	if	if	SCONJ
taxlaw-6680	423	65	the	the	DET
taxlaw-6680	423	66	partners	partner	NOUN
taxlaw-6680	423	67	’	’	PART
taxlaw-6680	423	68	capital	capital	NOUN
taxlaw-6680	423	69	account	account	NOUN
taxlaw-6680	423	70	balances	balance	NOUN
taxlaw-6680	423	71	would	would	AUX
taxlaw-6680	423	72	be	be	AUX
taxlaw-6680	423	73	the	the	DET
taxlaw-6680	423	74	same	same	ADJ
taxlaw-6680	423	75	without	without	ADP
taxlaw-6680	423	76	the	the	DET
taxlaw-6680	423	77	allocation	allocation	NOUN
taxlaw-6680	423	78	(	(	PUNCT
taxlaw-6680	423	79	because	because	SCONJ
taxlaw-6680	423	80	of	of	ADP
taxlaw-6680	423	81	anticipated	anticipate	VERB
taxlaw-6680	423	82	offsetting	offset	VERB
taxlaw-6680	423	83	allocations	allocation	NOUN
taxlaw-6680	423	84	)	)	PUNCT
taxlaw-6680	423	85	but	but	CCONJ
taxlaw-6680	423	86	their	their	PRON
taxlaw-6680	423	87	overall	overall	ADJ
taxlaw-6680	423	88	tax	tax	NOUN
taxlaw-6680	423	89	liability	liability	NOUN
taxlaw-6680	423	90	is	be	AUX
taxlaw-6680	423	91	significantly	significantly	ADV
taxlaw-6680	423	92	reduced	reduce	VERB
taxlaw-6680	423	93	in	in	ADP
taxlaw-6680	423	94	present	present	ADJ
taxlaw-6680	423	95	value	value	NOUN
taxlaw-6680	423	96	terms.78	terms.78	NOUN
taxlaw-6680	423	97	however	however	ADV
taxlaw-6680	423	98	,	,	PUNCT
taxlaw-6680	423	99	since	since	SCONJ
taxlaw-6680	423	100	under	under	ADP
taxlaw-6680	423	101	current	current	ADJ
taxlaw-6680	423	102	regulations	regulation	NOUN
taxlaw-6680	423	103	a	a	DET
taxlaw-6680	423	104	partnership	partnership	NOUN
taxlaw-6680	423	105	property	property	NOUN
taxlaw-6680	423	106	’s	’s	PART
taxlaw-6680	423	107	value	value	NOUN
taxlaw-6680	423	108	is	be	AUX
taxlaw-6680	423	109	presumed	presume	VERB
taxlaw-6680	423	110	to	to	PART
taxlaw-6680	423	111	be	be	AUX
taxlaw-6680	423	112	its	its	PRON
taxlaw-6680	423	113	adjusted	adjusted	ADJ
taxlaw-6680	423	114	basis	basis	NOUN
taxlaw-6680	423	115	when	when	SCONJ
taxlaw-6680	423	116	determining	determine	VERB
taxlaw-6680	423	117	substantiality	substantiality	NOUN
taxlaw-6680	423	118	of	of	ADP
taxlaw-6680	423	119	economic	economic	ADJ
taxlaw-6680	423	120	effect	effect	NOUN
taxlaw-6680	423	121	(	(	PUNCT
taxlaw-6680	423	122	the	the	DET
taxlaw-6680	423	123	so	so	ADV
taxlaw-6680	423	124	-	-	PUNCT
taxlaw-6680	423	125	called	call	VERB
taxlaw-6680	423	126	“	"	PUNCT
taxlaw-6680	423	127	value	value	NOUN
taxlaw-6680	423	128	-	-	PUNCT
taxlaw-6680	423	129	equals	equal	NOUN
taxlaw-6680	423	130	-	-	PUNCT
taxlaw-6680	423	131	basis	basis	NOUN
taxlaw-6680	423	132	assumption	assumption	NOUN
taxlaw-6680	423	133	”	"	PUNCT
taxlaw-6680	423	134	)	)	PUNCT
taxlaw-6680	423	135	,	,	PUNCT
taxlaw-6680	423	136	an	an	DET
taxlaw-6680	423	137	offsetting	offset	VERB
taxlaw-6680	423	138	allocation	allocation	NOUN
taxlaw-6680	423	139	based	base	VERB
taxlaw-6680	423	140	on	on	ADP
taxlaw-6680	423	141	the	the	DET
taxlaw-6680	423	142	gain	gain	NOUN
taxlaw-6680	423	143	on	on	ADP
taxlaw-6680	423	144	sale	sale	NOUN
taxlaw-6680	423	145	of	of	ADP
taxlaw-6680	423	146	such	such	ADJ
taxlaw-6680	423	147	property	property	NOUN
taxlaw-6680	423	148	can	can	AUX
taxlaw-6680	423	149	never	never	ADV
taxlaw-6680	423	150	be	be	AUX
taxlaw-6680	423	151	anticipated.79	anticipated.79	NOUN
taxlaw-6680	423	152	as	as	ADP
taxlaw-6680	423	153	a	a	DET
taxlaw-6680	423	154	result	result	NOUN
taxlaw-6680	423	155	,	,	PUNCT
taxlaw-6680	423	156	a	a	DET
taxlaw-6680	423	157	partner	partner	NOUN
taxlaw-6680	423	158	may	may	AUX
taxlaw-6680	423	159	be	be	AUX
taxlaw-6680	423	160	allocated	allocate	VERB
taxlaw-6680	423	161	a	a	DET
taxlaw-6680	423	162	large	large	ADJ
taxlaw-6680	423	163	depreciation	depreciation	NOUN
taxlaw-6680	423	164	deduction	deduction	NOUN
taxlaw-6680	423	165	that	that	PRON
taxlaw-6680	423	166	results	result	VERB
taxlaw-6680	423	167	in	in	ADP
taxlaw-6680	423	168	a	a	DET
taxlaw-6680	423	169	deep	deep	ADJ
taxlaw-6680	423	170	capital	capital	NOUN
taxlaw-6680	423	171	account	account	NOUN
taxlaw-6680	423	172	deficit	deficit	NOUN
taxlaw-6680	423	173	as	as	ADV
taxlaw-6680	423	174	long	long	ADV
taxlaw-6680	423	175	as	as	SCONJ
taxlaw-6680	423	176	she	she	PRON
taxlaw-6680	423	177	promises	promise	VERB
taxlaw-6680	423	178	to	to	PART
taxlaw-6680	423	179	restore	restore	VERB
taxlaw-6680	423	180	it	it	PRON
taxlaw-6680	423	181	at	at	ADP
taxlaw-6680	423	182	liquidation	liquidation	NOUN
taxlaw-6680	423	183	,	,	PUNCT
taxlaw-6680	423	184	even	even	ADV
taxlaw-6680	423	185	if	if	SCONJ
taxlaw-6680	423	186	it	it	PRON
taxlaw-6680	423	187	is	be	AUX
taxlaw-6680	423	188	obvious	obvious	ADJ
taxlaw-6680	423	189	that	that	SCONJ
taxlaw-6680	423	190	the	the	DET
taxlaw-6680	423	191	property	property	NOUN
taxlaw-6680	423	192	will	will	AUX
taxlaw-6680	423	193	likely	likely	ADV
taxlaw-6680	423	194	preserve	preserve	VERB
taxlaw-6680	423	195	value	value	NOUN
taxlaw-6680	423	196	(	(	PUNCT
taxlaw-6680	423	197	for	for	ADP
taxlaw-6680	423	198	example	example	NOUN
taxlaw-6680	423	199	,	,	PUNCT
taxlaw-6680	423	200	if	if	SCONJ
taxlaw-6680	423	201	the	the	DET
taxlaw-6680	423	202	property	property	NOUN
taxlaw-6680	423	203	were	be	AUX
taxlaw-6680	423	204	the	the	DET
taxlaw-6680	423	205	empire	empire	NOUN
taxlaw-6680	423	206	state	state	NOUN
taxlaw-6680	423	207	building	building	NOUN
taxlaw-6680	423	208	)	)	PUNCT
taxlaw-6680	423	209	and	and	CCONJ
taxlaw-6680	423	210	there	there	PRON
taxlaw-6680	423	211	is	be	VERB
taxlaw-6680	423	212	no	no	DET
taxlaw-6680	423	213	real	real	ADJ
taxlaw-6680	423	214	economic	economic	ADJ
taxlaw-6680	423	215	risk	risk	NOUN
taxlaw-6680	423	216	of	of	ADP
taxlaw-6680	423	217	loss	loss	NOUN
taxlaw-6680	423	218	.	.	PUNCT
taxlaw-6680	424	1	the	the	DET
taxlaw-6680	424	2	orrisch	orrisch	PROPN
taxlaw-6680	424	3	case	case	NOUN
taxlaw-6680	424	4	may	may	AUX
taxlaw-6680	424	5	also	also	ADV
taxlaw-6680	424	6	have	have	VERB
taxlaw-6680	424	7	a	a	DET
taxlaw-6680	424	8	different	different	ADJ
taxlaw-6680	424	9	result	result	NOUN
taxlaw-6680	424	10	under	under	ADP
taxlaw-6680	424	11	the	the	DET
taxlaw-6680	424	12	value	value	NOUN
taxlaw-6680	424	13	-	-	PUNCT
taxlaw-6680	424	14	equals	equal	NOUN
taxlaw-6680	424	15	-	-	PUNCT
taxlaw-6680	424	16	basis	basis	NOUN
taxlaw-6680	424	17	assumption	assumption	NOUN
taxlaw-6680	424	18	.	.	PUNCT
taxlaw-6680	425	1	administrative	administrative	ADJ
taxlaw-6680	425	2	convenience	convenience	NOUN
taxlaw-6680	425	3	may	may	AUX
taxlaw-6680	425	4	be	be	AUX
taxlaw-6680	425	5	one	one	NUM
taxlaw-6680	425	6	reason	reason	NOUN
taxlaw-6680	425	7	behind	behind	ADP
taxlaw-6680	425	8	the	the	DET
taxlaw-6680	425	9	value	value	NOUN
taxlaw-6680	425	10	-	-	PUNCT
taxlaw-6680	425	11	equals	equal	NOUN
taxlaw-6680	425	12	-	-	PUNCT
taxlaw-6680	425	13	basis	basis	NOUN
taxlaw-6680	425	14	assumption.80	assumption.80	NOUN
taxlaw-6680	425	15	72	72	NUM
taxlaw-6680	425	16	see	see	VERB
taxlaw-6680	425	17	treas	treas	PROPN
taxlaw-6680	425	18	.	.	PUNCT
taxlaw-6680	426	1	reg	reg	PROPN
taxlaw-6680	426	2	.	.	PUNCT
taxlaw-6680	427	1	§	§	PROPN
taxlaw-6680	427	2	1.704–1(b)(2)(iii)(c)(2	1.704–1(b)(2)(iii)(c)(2	NUM
taxlaw-6680	427	3	)	)	PUNCT
taxlaw-6680	427	4	(	(	PUNCT
taxlaw-6680	427	5	“	"	PUNCT
taxlaw-6680	427	6	[	[	X
taxlaw-6680	427	7	t]here	t]here	NOUN
taxlaw-6680	427	8	can	can	AUX
taxlaw-6680	427	9	not	not	PART
taxlaw-6680	427	10	be	be	AUX
taxlaw-6680	427	11	a	a	DET
taxlaw-6680	427	12	strong	strong	ADJ
taxlaw-6680	427	13	likelihood	likelihood	NOUN
taxlaw-6680	427	14	that	that	SCONJ
taxlaw-6680	427	15	the	the	DET
taxlaw-6680	427	16	economic	economic	ADJ
taxlaw-6680	427	17	effect	effect	NOUN
taxlaw-6680	427	18	of	of	ADP
taxlaw-6680	427	19	an	an	DET
taxlaw-6680	427	20	allocation	allocation	NOUN
taxlaw-6680	427	21	(	(	PUNCT
taxlaw-6680	427	22	or	or	CCONJ
taxlaw-6680	427	23	allocations	allocation	NOUN
taxlaw-6680	427	24	)	)	PUNCT
taxlaw-6680	427	25	will	will	AUX
taxlaw-6680	427	26	be	be	AUX
taxlaw-6680	427	27	largely	largely	ADV
taxlaw-6680	427	28	offset	offset	VERB
taxlaw-6680	427	29	by	by	ADP
taxlaw-6680	427	30	an	an	DET
taxlaw-6680	427	31	allocation	allocation	NOUN
taxlaw-6680	427	32	(	(	PUNCT
taxlaw-6680	427	33	or	or	CCONJ
taxlaw-6680	427	34	allocations	allocation	NOUN
taxlaw-6680	427	35	)	)	PUNCT
taxlaw-6680	427	36	of	of	ADP
taxlaw-6680	427	37	gain	gain	NOUN
taxlaw-6680	427	38	or	or	CCONJ
taxlaw-6680	427	39	loss	loss	NOUN
taxlaw-6680	427	40	from	from	ADP
taxlaw-6680	427	41	the	the	DET
taxlaw-6680	427	42	disposition	disposition	NOUN
taxlaw-6680	427	43	of	of	ADP
taxlaw-6680	427	44	partnership	partnership	NOUN
taxlaw-6680	427	45	property	property	NOUN
taxlaw-6680	427	46	.	.	PUNCT
taxlaw-6680	427	47	”	"	PUNCT
taxlaw-6680	427	48	)	)	PUNCT
taxlaw-6680	427	49	;	;	PUNCT
taxlaw-6680	428	1	treas	treas	PROPN
taxlaw-6680	428	2	.	.	PUNCT
taxlaw-6680	429	1	reg	reg	PROPN
taxlaw-6680	429	2	.	.	PUNCT
taxlaw-6680	430	1	§	§	PROPN
taxlaw-6680	430	2	1.701–2(a)(3	1.701–2(a)(3	NUM
taxlaw-6680	430	3	)	)	PUNCT
taxlaw-6680	430	4	(	(	PUNCT
taxlaw-6680	430	5	suggesting	suggest	VERB
taxlaw-6680	430	6	that	that	SCONJ
taxlaw-6680	430	7	the	the	DET
taxlaw-6680	430	8	value	value	NOUN
taxlaw-6680	430	9	-	-	PUNCT
taxlaw-6680	430	10	equals	equal	NOUN
taxlaw-6680	430	11	-	-	PUNCT
taxlaw-6680	430	12	basis	basis	NOUN
taxlaw-6680	430	13	assumption	assumption	NOUN
taxlaw-6680	430	14	may	may	AUX
taxlaw-6680	430	15	have	have	AUX
taxlaw-6680	430	16	been	be	AUX
taxlaw-6680	430	17	adopted	adopt	VERB
taxlaw-6680	430	18	for	for	ADP
taxlaw-6680	430	19	administrative	administrative	ADJ
taxlaw-6680	430	20	convenience	convenience	NOUN
taxlaw-6680	430	21	or	or	CCONJ
taxlaw-6680	430	22	policy	policy	NOUN
taxlaw-6680	430	23	objectives	objective	NOUN
taxlaw-6680	430	24	other	other	ADJ
taxlaw-6680	430	25	than	than	ADP
taxlaw-6680	430	26	matching	match	VERB
taxlaw-6680	430	27	tax	tax	NOUN
taxlaw-6680	430	28	with	with	ADP
taxlaw-6680	430	29	economics	economic	NOUN
taxlaw-6680	430	30	)	)	PUNCT
taxlaw-6680	430	31	.	.	PUNCT
taxlaw-6680	431	1	see	see	VERB
taxlaw-6680	431	2	also	also	ADV
taxlaw-6680	431	3	temp	temp	NOUN
taxlaw-6680	431	4	.	.	PUNCT
taxlaw-6680	432	1	treas	treas	PROPN
taxlaw-6680	432	2	.	.	PUNCT
taxlaw-6680	433	1	reg	reg	PROPN
taxlaw-6680	433	2	.	.	PUNCT
taxlaw-6680	434	1	§	§	PROPN
taxlaw-6680	434	2	1.752–2	1.752–2	NUM
taxlaw-6680	434	3	t	t	NOUN
taxlaw-6680	434	4	(	(	PUNCT
taxlaw-6680	434	5	2016	2016	NUM
taxlaw-6680	434	6	)	)	PUNCT
taxlaw-6680	434	7	(	(	PUNCT
taxlaw-6680	434	8	representing	represent	VERB
taxlaw-6680	434	9	the	the	DET
taxlaw-6680	434	10	treasury	treasury	NOUN
taxlaw-6680	434	11	’s	’s	PART
taxlaw-6680	434	12	recent	recent	ADJ
taxlaw-6680	434	13	efforts	effort	NOUN
taxlaw-6680	434	14	to	to	PART
taxlaw-6680	434	15	combat	combat	NOUN
taxlaw-6680	434	16	abuses	abuse	NOUN
taxlaw-6680	434	17	such	such	ADJ
taxlaw-6680	434	18	as	as	ADP
taxlaw-6680	434	19	bottom	bottom	ADJ
taxlaw-6680	434	20	dollar	dollar	NOUN
taxlaw-6680	434	21	guarantees	guarantee	NOUN
taxlaw-6680	434	22	)	)	PUNCT
taxlaw-6680	434	23	.	.	PUNCT
taxlaw-6680	435	1	73	73	NUM
taxlaw-6680	435	2	see	see	VERB
taxlaw-6680	435	3	treas	treas	PROPN
taxlaw-6680	435	4	.	.	PUNCT
taxlaw-6680	436	1	reg	reg	PROPN
taxlaw-6680	436	2	.	.	PUNCT
taxlaw-6680	437	1	§	§	PROPN
taxlaw-6680	437	2	1.704–1(b)(2)(ii)(c)(2	1.704–1(b)(2)(ii)(c)(2	NUM
taxlaw-6680	437	3	)	)	PUNCT
taxlaw-6680	437	4	.	.	PUNCT
taxlaw-6680	438	1	74	74	NUM
taxlaw-6680	438	2	prop	prop	NOUN
taxlaw-6680	438	3	.	.	PUNCT
taxlaw-6680	439	1	treas	treas	PROPN
taxlaw-6680	439	2	.	.	PUNCT
taxlaw-6680	440	1	reg	reg	PROPN
taxlaw-6680	440	2	.	.	PUNCT
taxlaw-6680	441	1	§	§	PROPN
taxlaw-6680	441	2	1.752	1.752	NUM
taxlaw-6680	441	3	-	-	SYM
taxlaw-6680	441	4	2(j)(3)(ii	2(j)(3)(ii	NUM
taxlaw-6680	441	5	)	)	PUNCT
taxlaw-6680	441	6	,	,	PUNCT
taxlaw-6680	441	7	reg-122855	reg-122855	NOUN
taxlaw-6680	441	8	-	-	PUNCT
taxlaw-6680	441	9	15	15	NUM
taxlaw-6680	441	10	,	,	PUNCT
taxlaw-6680	441	11	2016	2016	NUM
taxlaw-6680	441	12	-	-	SYM
taxlaw-6680	441	13	52	52	NUM
taxlaw-6680	441	14	i.r.b	i.r.b	NOUN
taxlaw-6680	441	15	.	.	PUNCT
taxlaw-6680	442	1	925	925	NUM
taxlaw-6680	442	2	-	-	SYM
taxlaw-6680	442	3	26	26	NUM
taxlaw-6680	442	4	(	(	PUNCT
taxlaw-6680	442	5	dec	dec	PROPN
taxlaw-6680	442	6	.	.	PROPN
taxlaw-6680	442	7	27	27	NUM
taxlaw-6680	442	8	,	,	PUNCT
taxlaw-6680	442	9	2016	2016	NUM
taxlaw-6680	442	10	)	)	PUNCT
taxlaw-6680	442	11	.	.	PUNCT
taxlaw-6680	443	1	75	75	NUM
taxlaw-6680	443	2	reg–122855–15	reg–122855–15	NOUN
taxlaw-6680	443	3	,	,	PUNCT
taxlaw-6680	443	4	2016	2016	NUM
taxlaw-6680	443	5	-	-	SYM
taxlaw-6680	443	6	52	52	NUM
taxlaw-6680	443	7	i.r.b	i.r.b	NOUN
taxlaw-6680	443	8	.	.	PUNCT
taxlaw-6680	443	9	925	925	NUM
taxlaw-6680	443	10	(	(	PUNCT
taxlaw-6680	443	11	dec	dec	PROPN
taxlaw-6680	443	12	.	.	PROPN
taxlaw-6680	443	13	27	27	NUM
taxlaw-6680	443	14	,	,	PUNCT
taxlaw-6680	443	15	2016	2016	NUM
taxlaw-6680	443	16	)	)	PUNCT
taxlaw-6680	443	17	;	;	PUNCT
taxlaw-6680	443	18	see	see	VERB
taxlaw-6680	443	19	also	also	ADV
taxlaw-6680	443	20	prop	prop	VERB
taxlaw-6680	443	21	.	.	PUNCT
taxlaw-6680	444	1	treas	treas	PROPN
taxlaw-6680	444	2	.	.	PUNCT
taxlaw-6680	445	1	reg	reg	PROPN
taxlaw-6680	445	2	.	.	PUNCT
taxlaw-6680	446	1	§	§	PROPN
taxlaw-6680	446	2	1.704–1(b)(2)(ii)(c)(4)(b	1.704–1(b)(2)(ii)(c)(4)(b	PROPN
taxlaw-6680	446	3	)	)	PUNCT
taxlaw-6680	446	4	,	,	PUNCT
taxlaw-6680	446	5	81	81	NUM
taxlaw-6680	446	6	fed	feed	VERB
taxlaw-6680	446	7	.	.	PUNCT
taxlaw-6680	447	1	reg	reg	PROPN
taxlaw-6680	447	2	.	.	PROPN
taxlaw-6680	448	1	69	69	NUM
taxlaw-6680	448	2	,	,	PUNCT
taxlaw-6680	448	3	301	301	NUM
taxlaw-6680	448	4	,	,	PUNCT
taxlaw-6680	448	5	69	69	NUM
taxlaw-6680	448	6	,	,	PUNCT
taxlaw-6680	448	7	307	307	NUM
taxlaw-6680	448	8	(	(	PUNCT
taxlaw-6680	448	9	2016	2016	NUM
taxlaw-6680	448	10	)	)	PUNCT
taxlaw-6680	448	11	.	.	PUNCT
taxlaw-6680	449	1	76	76	NUM
taxlaw-6680	449	2	reg–122855–15	reg–122855–15	NOUN
taxlaw-6680	449	3	,	,	PUNCT
taxlaw-6680	449	4	2016	2016	NUM
taxlaw-6680	449	5	-	-	SYM
taxlaw-6680	449	6	52	52	NUM
taxlaw-6680	449	7	i.r.b	i.r.b	NOUN
taxlaw-6680	449	8	.	.	PUNCT
taxlaw-6680	449	9	926	926	NUM
taxlaw-6680	449	10	(	(	PUNCT
taxlaw-6680	449	11	dec	dec	PROPN
taxlaw-6680	449	12	.	.	PROPN
taxlaw-6680	449	13	27	27	NUM
taxlaw-6680	449	14	,	,	PUNCT
taxlaw-6680	449	15	2016	2016	NUM
taxlaw-6680	449	16	)	)	PUNCT
taxlaw-6680	449	17	.	.	PUNCT
taxlaw-6680	450	1	77	77	NUM
taxlaw-6680	450	2	see	see	VERB
taxlaw-6680	450	3	treas	treas	PROPN
taxlaw-6680	450	4	.	.	PUNCT
taxlaw-6680	451	1	reg	reg	PROPN
taxlaw-6680	451	2	.	.	PUNCT
taxlaw-6680	452	1	§	§	PROPN
taxlaw-6680	452	2	1.701–2(d	1.701–2(d	NUM
taxlaw-6680	452	3	)	)	PUNCT
taxlaw-6680	452	4	,	,	PUNCT
taxlaw-6680	452	5	ex	ex	X
taxlaw-6680	452	6	.	.	PUNCT
taxlaw-6680	452	7	(	(	PUNCT
taxlaw-6680	452	8	6)(i	6)(i	NOUN
taxlaw-6680	452	9	)	)	PUNCT
taxlaw-6680	452	10	to	to	ADP
taxlaw-6680	452	11	(	(	PUNCT
taxlaw-6680	452	12	ii	ii	NOUN
taxlaw-6680	452	13	)	)	PUNCT
taxlaw-6680	452	14	(	(	PUNCT
taxlaw-6680	452	15	noting	note	VERB
taxlaw-6680	452	16	that	that	SCONJ
taxlaw-6680	452	17	the	the	DET
taxlaw-6680	452	18	value	value	NOUN
taxlaw-6680	452	19	-	-	PUNCT
taxlaw-6680	452	20	equals	equal	NOUN
taxlaw-6680	452	21	-	-	PUNCT
taxlaw-6680	452	22	basis	basis	NOUN
taxlaw-6680	452	23	assumption	assumption	NOUN
taxlaw-6680	452	24	enables	enable	VERB
taxlaw-6680	452	25	the	the	DET
taxlaw-6680	452	26	partners	partner	NOUN
taxlaw-6680	452	27	to	to	PART
taxlaw-6680	452	28	“	"	PUNCT
taxlaw-6680	452	29	anticipate	anticipate	VERB
taxlaw-6680	452	30	significant	significant	ADJ
taxlaw-6680	452	31	timing	timing	NOUN
taxlaw-6680	452	32	benefits	benefit	NOUN
taxlaw-6680	452	33	through	through	ADP
taxlaw-6680	452	34	the	the	DET
taxlaw-6680	452	35	special	special	ADJ
taxlaw-6680	452	36	allocation	allocation	NOUN
taxlaw-6680	452	37	.	.	PUNCT
taxlaw-6680	452	38	”	"	PUNCT
taxlaw-6680	452	39	)	)	PUNCT
taxlaw-6680	452	40	.	.	PUNCT
taxlaw-6680	453	1	assume	assume	VERB
taxlaw-6680	453	2	,	,	PUNCT
taxlaw-6680	453	3	for	for	ADP
taxlaw-6680	453	4	example	example	NOUN
taxlaw-6680	453	5	,	,	PUNCT
taxlaw-6680	453	6	a	a	DET
taxlaw-6680	453	7	special	special	ADJ
taxlaw-6680	453	8	allocation	allocation	NOUN
taxlaw-6680	453	9	of	of	ADP
taxlaw-6680	453	10	depreciation	depreciation	NOUN
taxlaw-6680	453	11	deductions	deduction	NOUN
taxlaw-6680	453	12	attributable	attributable	ADJ
taxlaw-6680	453	13	to	to	ADP
taxlaw-6680	453	14	a	a	DET
taxlaw-6680	453	15	building	building	NOUN
taxlaw-6680	453	16	causes	cause	VERB
taxlaw-6680	453	17	a	a	DET
taxlaw-6680	453	18	capital	capital	NOUN
taxlaw-6680	453	19	account	account	NOUN
taxlaw-6680	453	20	deficit	deficit	NOUN
taxlaw-6680	453	21	.	.	PUNCT
taxlaw-6680	454	1	such	such	DET
taxlaw-6680	454	2	a	a	DET
taxlaw-6680	454	3	deficit	deficit	NOUN
taxlaw-6680	454	4	will	will	AUX
taxlaw-6680	454	5	have	have	VERB
taxlaw-6680	454	6	little	little	ADJ
taxlaw-6680	454	7	ex	ex	NOUN
taxlaw-6680	454	8	-	-	ADJ
taxlaw-6680	454	9	ante	ante	ADJ
taxlaw-6680	454	10	economic	economic	ADJ
taxlaw-6680	454	11	significance	significance	NOUN
taxlaw-6680	454	12	because	because	SCONJ
taxlaw-6680	454	13	the	the	DET
taxlaw-6680	454	14	partners	partner	NOUN
taxlaw-6680	454	15	anticipate	anticipate	VERB
taxlaw-6680	454	16	that	that	SCONJ
taxlaw-6680	454	17	the	the	DET
taxlaw-6680	454	18	building	building	NOUN
taxlaw-6680	454	19	will	will	AUX
taxlaw-6680	454	20	preserve	preserve	VERB
taxlaw-6680	454	21	value	value	NOUN
taxlaw-6680	454	22	and	and	CCONJ
taxlaw-6680	454	23	the	the	DET
taxlaw-6680	454	24	allocation	allocation	NOUN
taxlaw-6680	454	25	is	be	AUX
taxlaw-6680	454	26	thus	thus	ADV
taxlaw-6680	454	27	motivated	motivate	VERB
taxlaw-6680	454	28	solely	solely	ADV
taxlaw-6680	454	29	by	by	ADP
taxlaw-6680	454	30	tax	tax	NOUN
taxlaw-6680	454	31	incentives	incentive	NOUN
taxlaw-6680	454	32	,	,	PUNCT
taxlaw-6680	454	33	a	a	DET
taxlaw-6680	454	34	problematic	problematic	ADJ
taxlaw-6680	454	35	result	result	NOUN
taxlaw-6680	454	36	explained	explain	VERB
taxlaw-6680	454	37	further	far	ADV
taxlaw-6680	454	38	in	in	ADP
taxlaw-6680	454	39	part	part	NOUN
taxlaw-6680	454	40	ii.c	ii.c	NOUN
taxlaw-6680	454	41	.	.	PUNCT
taxlaw-6680	455	1	78	78	NUM
taxlaw-6680	455	2	see	see	VERB
taxlaw-6680	455	3	treas	treas	PROPN
taxlaw-6680	455	4	.	.	PUNCT
taxlaw-6680	456	1	reg	reg	PROPN
taxlaw-6680	456	2	.	.	PUNCT
taxlaw-6680	457	1	§	§	PROPN
taxlaw-6680	457	2	1.704–1(b)(2)(iii)(a)-(c	1.704–1(b)(2)(iii)(a)-(c	NUM
taxlaw-6680	457	3	)	)	PUNCT
taxlaw-6680	457	4	.	.	PUNCT
taxlaw-6680	458	1	79	79	NUM
taxlaw-6680	458	2	see	see	VERB
taxlaw-6680	458	3	treas	treas	PROPN
taxlaw-6680	458	4	.	.	PUNCT
taxlaw-6680	459	1	reg	reg	PROPN
taxlaw-6680	459	2	.	.	PUNCT
taxlaw-6680	460	1	§	§	PROPN
taxlaw-6680	460	2	1.704–1(b)(2)(iii)(c	1.704–1(b)(2)(iii)(c	NUM
taxlaw-6680	460	3	)	)	PUNCT
taxlaw-6680	460	4	(	(	PUNCT
taxlaw-6680	460	5	describing	describe	VERB
taxlaw-6680	460	6	transitory	transitory	ADJ
taxlaw-6680	460	7	allocations	allocation	NOUN
taxlaw-6680	460	8	)	)	PUNCT
taxlaw-6680	460	9	.	.	PUNCT
taxlaw-6680	461	1	80	80	NUM
taxlaw-6680	461	2	see	see	VERB
taxlaw-6680	461	3	treas	treas	PROPN
taxlaw-6680	461	4	.	.	PUNCT
taxlaw-6680	462	1	reg	reg	PROPN
taxlaw-6680	462	2	.	.	PUNCT
taxlaw-6680	463	1	§	§	PROPN
taxlaw-6680	463	2	1.701–2(a)(3	1.701–2(a)(3	NUM
taxlaw-6680	463	3	)	)	PUNCT
taxlaw-6680	463	4	.	.	PUNCT
taxlaw-6680	464	1	[	[	X
taxlaw-6680	464	2	vol	vol	NOUN
taxlaw-6680	464	3	.	.	PROPN
taxlaw-6680	464	4	11:1	11:1	NUM
taxlaw-6680	464	5	columbia	columbia	PROPN
taxlaw-6680	464	6	journal	journal	PROPN
taxlaw-6680	464	7	of	of	ADP
taxlaw-6680	464	8	tax	tax	NOUN
taxlaw-6680	464	9	law	law	NOUN
taxlaw-6680	464	10	120	120	NUM
taxlaw-6680	464	11	another	another	DET
taxlaw-6680	464	12	rationale	rationale	NOUN
taxlaw-6680	464	13	,	,	PUNCT
taxlaw-6680	464	14	although	although	SCONJ
taxlaw-6680	464	15	not	not	PART
taxlaw-6680	464	16	directly	directly	ADV
taxlaw-6680	464	17	mentioned	mention	VERB
taxlaw-6680	464	18	in	in	ADP
taxlaw-6680	464	19	the	the	DET
taxlaw-6680	464	20	regulations	regulation	NOUN
taxlaw-6680	464	21	,	,	PUNCT
taxlaw-6680	464	22	may	may	AUX
taxlaw-6680	464	23	be	be	AUX
taxlaw-6680	464	24	to	to	PART
taxlaw-6680	464	25	encourage	encourage	VERB
taxlaw-6680	464	26	taxpayers	taxpayer	NOUN
taxlaw-6680	464	27	to	to	PART
taxlaw-6680	464	28	rely	rely	VERB
taxlaw-6680	464	29	on	on	ADP
taxlaw-6680	464	30	the	the	DET
taxlaw-6680	464	31	see	see	ADJ
taxlaw-6680	464	32	safe	safe	ADJ
taxlaw-6680	464	33	harbor	harbor	NOUN
taxlaw-6680	464	34	rather	rather	ADV
taxlaw-6680	464	35	than	than	ADP
taxlaw-6680	464	36	the	the	DET
taxlaw-6680	464	37	pip	pip	NOUN
taxlaw-6680	464	38	test,81	test,81	NOUN
taxlaw-6680	464	39	as	as	ADP
taxlaw-6680	464	40	the	the	DET
taxlaw-6680	464	41	assumption	assumption	NOUN
taxlaw-6680	464	42	is	be	AUX
taxlaw-6680	464	43	available	available	ADJ
taxlaw-6680	464	44	only	only	ADV
taxlaw-6680	464	45	under	under	ADP
taxlaw-6680	464	46	the	the	DET
taxlaw-6680	464	47	see	see	ADJ
taxlaw-6680	464	48	safe	safe	ADJ
taxlaw-6680	464	49	harbor.82	harbor.82	NOUN
taxlaw-6680	464	50	an	an	DET
taxlaw-6680	464	51	abuse	abuse	NOUN
taxlaw-6680	464	52	similar	similar	ADJ
taxlaw-6680	464	53	to	to	ADP
taxlaw-6680	464	54	the	the	DET
taxlaw-6680	464	55	dro	dro	PROPN
taxlaw-6680	464	56	abuse	abuse	NOUN
taxlaw-6680	464	57	explained	explain	VERB
taxlaw-6680	464	58	above	above	ADV
taxlaw-6680	464	59	is	be	AUX
taxlaw-6680	464	60	possible	possible	ADJ
taxlaw-6680	464	61	through	through	ADP
taxlaw-6680	464	62	the	the	DET
taxlaw-6680	464	63	personal	personal	ADJ
taxlaw-6680	464	64	assumption	assumption	NOUN
taxlaw-6680	464	65	of	of	ADP
taxlaw-6680	464	66	partnership	partnership	NOUN
taxlaw-6680	464	67	debt	debt	NOUN
taxlaw-6680	464	68	where	where	SCONJ
taxlaw-6680	464	69	such	such	DET
taxlaw-6680	464	70	an	an	DET
taxlaw-6680	464	71	assumption	assumption	NOUN
taxlaw-6680	464	72	lacks	lack	VERB
taxlaw-6680	464	73	real	real	ADJ
taxlaw-6680	464	74	economic	economic	ADJ
taxlaw-6680	464	75	risk	risk	NOUN
taxlaw-6680	464	76	.	.	PUNCT
taxlaw-6680	465	1	although	although	SCONJ
taxlaw-6680	465	2	the	the	DET
taxlaw-6680	465	3	amount	amount	NOUN
taxlaw-6680	465	4	of	of	ADP
taxlaw-6680	465	5	tax	tax	NOUN
taxlaw-6680	465	6	deductions	deduction	NOUN
taxlaw-6680	465	7	from	from	ADP
taxlaw-6680	465	8	partnership	partnership	NOUN
taxlaw-6680	465	9	activities	activity	NOUN
taxlaw-6680	465	10	that	that	PRON
taxlaw-6680	465	11	a	a	DET
taxlaw-6680	465	12	partner	partner	NOUN
taxlaw-6680	465	13	can	can	AUX
taxlaw-6680	465	14	take	take	VERB
taxlaw-6680	465	15	is	be	AUX
taxlaw-6680	465	16	limited	limit	VERB
taxlaw-6680	465	17	to	to	ADP
taxlaw-6680	465	18	her	she	PRON
taxlaw-6680	465	19	outside	outside	ADJ
taxlaw-6680	465	20	basis,83	basis,83	NOUN
taxlaw-6680	465	21	a	a	DET
taxlaw-6680	465	22	partner	partner	NOUN
taxlaw-6680	465	23	can	can	AUX
taxlaw-6680	465	24	personally	personally	ADV
taxlaw-6680	465	25	guarantee	guarantee	VERB
taxlaw-6680	465	26	partnership	partnership	NOUN
taxlaw-6680	465	27	debt	debt	NOUN
taxlaw-6680	465	28	to	to	PART
taxlaw-6680	465	29	increase	increase	VERB
taxlaw-6680	465	30	the	the	DET
taxlaw-6680	465	31	outside	outside	ADJ
taxlaw-6680	465	32	basis.84	basis.84	NOUN
taxlaw-6680	465	33	in	in	ADP
taxlaw-6680	465	34	2014	2014	NUM
taxlaw-6680	465	35	,	,	PUNCT
taxlaw-6680	465	36	the	the	DET
taxlaw-6680	465	37	treasury	treasury	NOUN
taxlaw-6680	465	38	started	start	VERB
taxlaw-6680	465	39	to	to	PART
taxlaw-6680	465	40	worry	worry	VERB
taxlaw-6680	465	41	about	about	ADP
taxlaw-6680	465	42	the	the	DET
taxlaw-6680	465	43	level	level	NOUN
taxlaw-6680	465	44	of	of	ADP
taxlaw-6680	465	45	economic	economic	ADJ
taxlaw-6680	465	46	significance	significance	NOUN
taxlaw-6680	465	47	in	in	ADP
taxlaw-6680	465	48	some	some	PRON
taxlaw-6680	465	49	of	of	ADP
taxlaw-6680	465	50	these	these	DET
taxlaw-6680	465	51	guarantees	guarantee	NOUN
taxlaw-6680	465	52	,	,	PUNCT
taxlaw-6680	465	53	as	as	SCONJ
taxlaw-6680	465	54	evidenced	evidence	VERB
taxlaw-6680	465	55	by	by	ADP
taxlaw-6680	465	56	its	its	PRON
taxlaw-6680	465	57	2014	2014	NUM
taxlaw-6680	465	58	proposed	propose	VERB
taxlaw-6680	465	59	regulations	regulation	NOUN
taxlaw-6680	465	60	to	to	PART
taxlaw-6680	465	61	ban	ban	VERB
taxlaw-6680	465	62	abuses	abuse	NOUN
taxlaw-6680	465	63	such	such	ADJ
taxlaw-6680	465	64	as	as	ADP
taxlaw-6680	465	65	the	the	DET
taxlaw-6680	465	66	use	use	NOUN
taxlaw-6680	465	67	of	of	ADP
taxlaw-6680	465	68	bottom	bottom	ADJ
taxlaw-6680	465	69	dollar	dollar	NOUN
taxlaw-6680	465	70	guarantees	guarantee	NOUN
taxlaw-6680	465	71	where	where	SCONJ
taxlaw-6680	465	72	only	only	ADV
taxlaw-6680	465	73	“	"	PUNCT
taxlaw-6680	465	74	theoretical	theoretical	ADJ
taxlaw-6680	465	75	”	"	PUNCT
taxlaw-6680	465	76	risk	risk	NOUN
taxlaw-6680	465	77	is	be	AUX
taxlaw-6680	465	78	present.85	present.85	PROPN
taxlaw-6680	465	79	the	the	DET
taxlaw-6680	465	80	2014	2014	NUM
taxlaw-6680	465	81	proposed	propose	VERB
taxlaw-6680	465	82	regulations	regulation	NOUN
taxlaw-6680	465	83	imposed	impose	VERB
taxlaw-6680	465	84	a	a	DET
taxlaw-6680	465	85	heavy	heavy	ADJ
taxlaw-6680	465	86	compliance	compliance	NOUN
taxlaw-6680	465	87	burden	burden	NOUN
taxlaw-6680	465	88	on	on	ADP
taxlaw-6680	465	89	partners	partner	NOUN
taxlaw-6680	465	90	who	who	PRON
taxlaw-6680	465	91	claimed	claim	VERB
taxlaw-6680	465	92	to	to	PART
taxlaw-6680	465	93	have	have	AUX
taxlaw-6680	465	94	personally	personally	ADV
taxlaw-6680	465	95	assumed	assume	VERB
taxlaw-6680	465	96	a	a	DET
taxlaw-6680	465	97	partnership	partnership	NOUN
taxlaw-6680	465	98	debt	debt	NOUN
taxlaw-6680	465	99	,	,	PUNCT
taxlaw-6680	465	100	including	include	VERB
taxlaw-6680	465	101	maintenance	maintenance	NOUN
taxlaw-6680	465	102	of	of	ADP
taxlaw-6680	465	103	a	a	DET
taxlaw-6680	465	104	commercially	commercially	ADV
taxlaw-6680	465	105	reasonable	reasonable	ADJ
taxlaw-6680	465	106	net	net	ADJ
taxlaw-6680	465	107	worth	worth	NOUN
taxlaw-6680	465	108	and	and	CCONJ
taxlaw-6680	465	109	contractual	contractual	ADJ
taxlaw-6680	465	110	restrictions	restriction	NOUN
taxlaw-6680	465	111	on	on	ADP
taxlaw-6680	465	112	asset	asset	NOUN
taxlaw-6680	465	113	transfers.86	transfers.86	NOUN
taxlaw-6680	465	114	the	the	DET
taxlaw-6680	465	115	treasury	treasury	NOUN
taxlaw-6680	465	116	eventually	eventually	ADV
taxlaw-6680	465	117	withdrew	withdraw	VERB
taxlaw-6680	465	118	from	from	ADP
taxlaw-6680	465	119	such	such	DET
taxlaw-6680	465	120	a	a	DET
taxlaw-6680	465	121	broad	broad	ADJ
taxlaw-6680	465	122	and	and	CCONJ
taxlaw-6680	465	123	potentially	potentially	ADV
taxlaw-6680	465	124	expensive	expensive	ADJ
taxlaw-6680	465	125	anti	anti	ADJ
taxlaw-6680	465	126	-	-	ADJ
taxlaw-6680	465	127	abuse	abuse	ADJ
taxlaw-6680	465	128	rule	rule	NOUN
taxlaw-6680	465	129	and	and	CCONJ
taxlaw-6680	465	130	currently	currently	ADV
taxlaw-6680	465	131	only	only	ADV
taxlaw-6680	465	132	limits	limit	VERB
taxlaw-6680	465	133	the	the	DET
taxlaw-6680	465	134	scope	scope	NOUN
taxlaw-6680	465	135	of	of	ADP
taxlaw-6680	465	136	the	the	DET
taxlaw-6680	465	137	ban	ban	NOUN
taxlaw-6680	465	138	to	to	ADP
taxlaw-6680	465	139	bottom	bottom	ADJ
taxlaw-6680	465	140	dollar	dollar	NOUN
taxlaw-6680	465	141	payment	payment	NOUN
taxlaw-6680	465	142	obligations.87	obligations.87	NOUN
taxlaw-6680	465	143	to	to	PART
taxlaw-6680	465	144	illustrate	illustrate	VERB
taxlaw-6680	465	145	,	,	PUNCT
taxlaw-6680	465	146	a	a	DET
taxlaw-6680	465	147	bottom	bottom	ADJ
taxlaw-6680	465	148	dollar	dollar	NOUN
taxlaw-6680	465	149	payment	payment	NOUN
taxlaw-6680	465	150	obligation	obligation	NOUN
taxlaw-6680	465	151	would	would	AUX
taxlaw-6680	465	152	occur	occur	VERB
taxlaw-6680	465	153	when	when	SCONJ
taxlaw-6680	465	154	a	a	DET
taxlaw-6680	465	155	partner	partner	NOUN
taxlaw-6680	465	156	guarantees	guarantee	VERB
taxlaw-6680	465	157	only	only	ADV
taxlaw-6680	465	158	the	the	DET
taxlaw-6680	465	159	decline	decline	NOUN
taxlaw-6680	465	160	in	in	ADP
taxlaw-6680	465	161	value	value	NOUN
taxlaw-6680	465	162	of	of	ADP
taxlaw-6680	465	163	the	the	DET
taxlaw-6680	465	164	collateral	collateral	NOUN
taxlaw-6680	465	165	in	in	ADP
taxlaw-6680	465	166	the	the	DET
taxlaw-6680	465	167	bottom	bottom	ADJ
taxlaw-6680	465	168	range	range	NOUN
taxlaw-6680	465	169	,	,	PUNCT
taxlaw-6680	465	170	e.g.	e.g.	ADV
taxlaw-6680	465	171	,	,	PUNCT
taxlaw-6680	465	172	from	from	ADP
taxlaw-6680	465	173	$	$	SYM
taxlaw-6680	465	174	1	1	NUM
taxlaw-6680	465	175	m	m	NOUN
taxlaw-6680	465	176	to	to	ADP
taxlaw-6680	465	177	zero	zero	NUM
taxlaw-6680	465	178	for	for	ADP
taxlaw-6680	465	179	a	a	DET
taxlaw-6680	465	180	$	$	SYM
taxlaw-6680	465	181	10	10	NUM
taxlaw-6680	465	182	m	m	NOUN
taxlaw-6680	465	183	property.88	property.88	NOUN
taxlaw-6680	465	184	however	however	ADV
taxlaw-6680	465	185	,	,	PUNCT
taxlaw-6680	465	186	practitioners	practitioner	NOUN
taxlaw-6680	465	187	have	have	AUX
taxlaw-6680	465	188	suggested	suggest	VERB
taxlaw-6680	465	189	that	that	SCONJ
taxlaw-6680	465	190	the	the	DET
taxlaw-6680	465	191	new	new	ADJ
taxlaw-6680	465	192	rule	rule	NOUN
taxlaw-6680	465	193	creates	create	VERB
taxlaw-6680	465	194	further	further	ADJ
taxlaw-6680	465	195	inequality	inequality	NOUN
taxlaw-6680	465	196	between	between	ADP
taxlaw-6680	465	197	economically	economically	ADV
taxlaw-6680	465	198	identical	identical	ADJ
taxlaw-6680	465	199	transactions.89	transactions.89	NOUN
taxlaw-6680	465	200	similar	similar	ADJ
taxlaw-6680	465	201	to	to	ADP
taxlaw-6680	465	202	the	the	DET
taxlaw-6680	465	203	proposed	propose	VERB
taxlaw-6680	465	204	changes	change	NOUN
taxlaw-6680	465	205	to	to	ADP
taxlaw-6680	465	206	dro	dro	PROPN
taxlaw-6680	465	207	regulations	regulation	NOUN
taxlaw-6680	465	208	,	,	PUNCT
taxlaw-6680	465	209	the	the	DET
taxlaw-6680	465	210	treasury	treasury	NOUN
taxlaw-6680	465	211	also	also	ADV
taxlaw-6680	465	212	proposed	propose	VERB
taxlaw-6680	465	213	factors	factor	NOUN
taxlaw-6680	465	214	in	in	ADP
taxlaw-6680	465	215	2016	2016	NUM
taxlaw-6680	465	216	that	that	PRON
taxlaw-6680	465	217	would	would	AUX
taxlaw-6680	465	218	help	help	VERB
taxlaw-6680	465	219	to	to	PART
taxlaw-6680	465	220	determine	determine	VERB
taxlaw-6680	465	221	when	when	SCONJ
taxlaw-6680	465	222	a	a	DET
taxlaw-6680	465	223	plan	plan	NOUN
taxlaw-6680	465	224	seeks	seek	VERB
taxlaw-6680	465	225	to	to	PART
taxlaw-6680	465	226	circumvent	circumvent	VERB
taxlaw-6680	465	227	or	or	CCONJ
taxlaw-6680	465	228	avoid	avoid	VERB
taxlaw-6680	465	229	an	an	DET
taxlaw-6680	465	230	obligation	obligation	NOUN
taxlaw-6680	465	231	through	through	ADP
taxlaw-6680	465	232	the	the	DET
taxlaw-6680	465	233	personal	personal	ADJ
taxlaw-6680	465	234	assumption	assumption	NOUN
taxlaw-6680	465	235	of	of	ADP
taxlaw-6680	465	236	partnership	partnership	NOUN
taxlaw-6680	465	237	debt.90	debt.90	PROPN
taxlaw-6680	465	238	although	although	SCONJ
taxlaw-6680	465	239	the	the	DET
taxlaw-6680	465	240	2014	2014	NUM
taxlaw-6680	465	241	proposed	propose	VERB
taxlaw-6680	465	242	regulations	regulation	NOUN
taxlaw-6680	465	243	have	have	AUX
taxlaw-6680	465	244	been	be	AUX
taxlaw-6680	465	245	withdrawn	withdraw	VERB
taxlaw-6680	465	246	,	,	PUNCT
taxlaw-6680	465	247	the	the	DET
taxlaw-6680	465	248	lesson	lesson	NOUN
taxlaw-6680	465	249	is	be	AUX
taxlaw-6680	465	250	that	that	SCONJ
taxlaw-6680	465	251	the	the	DET
taxlaw-6680	465	252	treasury	treasury	NOUN
taxlaw-6680	465	253	will	will	AUX
taxlaw-6680	465	254	pay	pay	VERB
taxlaw-6680	465	255	more	more	ADJ
taxlaw-6680	465	256	attention	attention	NOUN
taxlaw-6680	465	257	to	to	ADP
taxlaw-6680	465	258	the	the	DET
taxlaw-6680	465	259	economic	economic	ADJ
taxlaw-6680	465	260	significance	significance	NOUN
taxlaw-6680	465	261	of	of	ADP
taxlaw-6680	465	262	payment	payment	NOUN
taxlaw-6680	465	263	obligations	obligation	NOUN
taxlaw-6680	465	264	to	to	ADP
taxlaw-6680	465	265	a	a	DET
taxlaw-6680	465	266	partnership	partnership	NOUN
taxlaw-6680	465	267	,	,	PUNCT
taxlaw-6680	465	268	even	even	ADV
taxlaw-6680	465	269	though	though	ADV
taxlaw-6680	465	270	,	,	PUNCT
taxlaw-6680	465	271	as	as	SCONJ
taxlaw-6680	465	272	some	some	DET
taxlaw-6680	465	273	practitioners	practitioner	NOUN
taxlaw-6680	465	274	suggest	suggest	VERB
taxlaw-6680	465	275	,	,	PUNCT
taxlaw-6680	465	276	the	the	DET
taxlaw-6680	465	277	result	result	NOUN
taxlaw-6680	465	278	may	may	AUX
taxlaw-6680	465	279	be	be	AUX
taxlaw-6680	465	280	a	a	DET
taxlaw-6680	465	281	mere	mere	ADJ
taxlaw-6680	465	282	switch	switch	NOUN
taxlaw-6680	465	283	from	from	ADP
taxlaw-6680	465	284	one	one	NUM
taxlaw-6680	465	285	artificiality	artificiality	NOUN
taxlaw-6680	465	286	to	to	ADP
taxlaw-6680	465	287	another.91	another.91	NOUN
taxlaw-6680	465	288	on	on	ADP
taxlaw-6680	465	289	one	one	NUM
taxlaw-6680	465	290	extreme	extreme	NOUN
taxlaw-6680	465	291	,	,	PUNCT
taxlaw-6680	465	292	the	the	DET
taxlaw-6680	465	293	tufts	tuft	NOUN
taxlaw-6680	465	294	case	case	NOUN
taxlaw-6680	465	295	permits	permit	VERB
taxlaw-6680	465	296	taxpayers	taxpayer	NOUN
taxlaw-6680	465	297	to	to	PART
taxlaw-6680	465	298	take	take	VERB
taxlaw-6680	465	299	nonrecourse	nonrecourse	NOUN
taxlaw-6680	465	300	deductions	deduction	NOUN
taxlaw-6680	465	301	even	even	ADV
taxlaw-6680	465	302	if	if	SCONJ
taxlaw-6680	465	303	there	there	PRON
taxlaw-6680	465	304	is	be	VERB
taxlaw-6680	465	305	zero	zero	NUM
taxlaw-6680	465	306	economic	economic	ADJ
taxlaw-6680	465	307	risk	risk	NOUN
taxlaw-6680	465	308	of	of	ADP
taxlaw-6680	465	309	loss	loss	NOUN
taxlaw-6680	465	310	and	and	CCONJ
taxlaw-6680	465	311	balance	balance	VERB
taxlaw-6680	465	312	it	it	PRON
taxlaw-6680	465	313	with	with	ADP
taxlaw-6680	465	314	an	an	DET
taxlaw-6680	465	315	artificial	artificial	ADJ
taxlaw-6680	465	316	minimum	minimum	NOUN
taxlaw-6680	465	317	gain.92	gain.92	NOUN
taxlaw-6680	465	318	this	this	PRON
taxlaw-6680	465	319	seems	seem	VERB
taxlaw-6680	465	320	to	to	PART
taxlaw-6680	465	321	be	be	AUX
taxlaw-6680	465	322	in	in	ADP
taxlaw-6680	465	323	tension	tension	NOUN
taxlaw-6680	465	324	with	with	ADP
taxlaw-6680	465	325	treasury	treasury	PROPN
taxlaw-6680	465	326	’s	’s	PART
taxlaw-6680	465	327	more	more	ADV
taxlaw-6680	465	328	unfavorable	unfavorable	ADJ
taxlaw-6680	465	329	treatment	treatment	NOUN
taxlaw-6680	465	330	of	of	ADP
taxlaw-6680	465	331	the	the	DET
taxlaw-6680	465	332	bottom	bottom	ADJ
taxlaw-6680	465	333	dollar	dollar	NOUN
taxlaw-6680	465	334	guarantee	guarantee	NOUN
taxlaw-6680	465	335	,	,	PUNCT
taxlaw-6680	465	336	which	which	PRON
taxlaw-6680	465	337	has	have	AUX
taxlaw-6680	465	338	significantly	significantly	ADV
taxlaw-6680	465	339	reduced	reduce	VERB
taxlaw-6680	465	340	economic	economic	ADJ
taxlaw-6680	465	341	risk	risk	NOUN
taxlaw-6680	465	342	(	(	PUNCT
taxlaw-6680	465	343	but	but	CCONJ
taxlaw-6680	465	344	not	not	PART
taxlaw-6680	465	345	zero	zero	NUM
taxlaw-6680	465	346	economic	economic	ADJ
taxlaw-6680	465	347	risk	risk	NOUN
taxlaw-6680	465	348	)	)	PUNCT
taxlaw-6680	465	349	as	as	ADP
taxlaw-6680	465	350	in	in	ADP
taxlaw-6680	465	351	the	the	DET
taxlaw-6680	465	352	case	case	NOUN
taxlaw-6680	465	353	of	of	ADP
taxlaw-6680	465	354	nonrecourse	nonrecourse	NOUN
taxlaw-6680	465	355	debt	debt	NOUN
taxlaw-6680	465	356	.	.	PUNCT
taxlaw-6680	466	1	81	81	NUM
taxlaw-6680	466	2	for	for	ADP
taxlaw-6680	466	3	pip	pip	PROPN
taxlaw-6680	466	4	test	test	NOUN
taxlaw-6680	466	5	,	,	PUNCT
taxlaw-6680	466	6	see	see	VERB
taxlaw-6680	466	7	supra	supra	PROPN
taxlaw-6680	466	8	note	note	NOUN
taxlaw-6680	466	9	39	39	NUM
taxlaw-6680	466	10	.	.	PUNCT
taxlaw-6680	467	1	82	82	NUM
taxlaw-6680	467	2	see	see	VERB
taxlaw-6680	467	3	,	,	PUNCT
taxlaw-6680	467	4	e.g.	e.g.	ADV
taxlaw-6680	467	5	,	,	PUNCT
taxlaw-6680	467	6	cavanagh	cavanagh	PROPN
taxlaw-6680	467	7	,	,	PUNCT
taxlaw-6680	467	8	supra	supra	PROPN
taxlaw-6680	467	9	note	note	VERB
taxlaw-6680	467	10	39	39	NUM
taxlaw-6680	467	11	at	at	ADP
taxlaw-6680	467	12	96	96	NUM
taxlaw-6680	467	13	(	(	PUNCT
taxlaw-6680	467	14	stating	state	VERB
taxlaw-6680	467	15	that	that	SCONJ
taxlaw-6680	467	16	the	the	DET
taxlaw-6680	467	17	regulations	regulation	NOUN
taxlaw-6680	467	18	do	do	AUX
taxlaw-6680	467	19	not	not	PART
taxlaw-6680	467	20	incorporate	incorporate	VERB
taxlaw-6680	467	21	the	the	DET
taxlaw-6680	467	22	value	value	NOUN
taxlaw-6680	467	23	-	-	PUNCT
taxlaw-6680	467	24	equals	equal	NOUN
taxlaw-6680	467	25	-	-	PUNCT
taxlaw-6680	467	26	basis	basis	NOUN
taxlaw-6680	467	27	assumption	assumption	NOUN
taxlaw-6680	467	28	in	in	ADP
taxlaw-6680	467	29	the	the	DET
taxlaw-6680	467	30	pip	pip	PROPN
taxlaw-6680	467	31	test	test	NOUN
taxlaw-6680	467	32	)	)	PUNCT
taxlaw-6680	467	33	.	.	PUNCT
taxlaw-6680	468	1	83	83	NUM
taxlaw-6680	468	2	see	see	VERB
taxlaw-6680	468	3	i.r.c	i.r.c	NOUN
taxlaw-6680	468	4	.	.	PUNCT
taxlaw-6680	469	1	§	§	PROPN
taxlaw-6680	469	2	705(a)(2	705(a)(2	PROPN
taxlaw-6680	469	3	)	)	PUNCT
taxlaw-6680	469	4	(	(	PUNCT
taxlaw-6680	469	5	providing	provide	VERB
taxlaw-6680	469	6	that	that	SCONJ
taxlaw-6680	469	7	partnership	partnership	NOUN
taxlaw-6680	469	8	losses	loss	NOUN
taxlaw-6680	469	9	can	can	AUX
taxlaw-6680	469	10	not	not	PART
taxlaw-6680	469	11	reduce	reduce	VERB
taxlaw-6680	469	12	a	a	DET
taxlaw-6680	469	13	partner	partner	NOUN
taxlaw-6680	469	14	’s	’s	NOUN
taxlaw-6680	469	15	outside	outside	ADJ
taxlaw-6680	469	16	basis	basis	NOUN
taxlaw-6680	469	17	below	below	ADP
taxlaw-6680	469	18	zero	zero	NUM
taxlaw-6680	469	19	)	)	PUNCT
taxlaw-6680	469	20	.	.	PUNCT
taxlaw-6680	470	1	84	84	NUM
taxlaw-6680	470	2	see	see	VERB
taxlaw-6680	470	3	i.r.c	i.r.c	NOUN
taxlaw-6680	470	4	.	.	PUNCT
taxlaw-6680	471	1	§	§	PROPN
taxlaw-6680	471	2	752(a	752(a	PROPN
taxlaw-6680	471	3	)	)	PUNCT
taxlaw-6680	471	4	(	(	PUNCT
taxlaw-6680	472	1	providing	provide	VERB
taxlaw-6680	472	2	that	that	SCONJ
taxlaw-6680	472	3	an	an	DET
taxlaw-6680	472	4	increase	increase	NOUN
taxlaw-6680	472	5	in	in	ADP
taxlaw-6680	472	6	a	a	DET
taxlaw-6680	472	7	partner	partner	NOUN
taxlaw-6680	472	8	’s	’s	PART
taxlaw-6680	472	9	share	share	NOUN
taxlaw-6680	472	10	of	of	ADP
taxlaw-6680	472	11	liabilities	liability	NOUN
taxlaw-6680	472	12	is	be	AUX
taxlaw-6680	472	13	treated	treat	VERB
taxlaw-6680	472	14	as	as	ADP
taxlaw-6680	472	15	a	a	DET
taxlaw-6680	472	16	contribution	contribution	NOUN
taxlaw-6680	472	17	of	of	ADP
taxlaw-6680	472	18	money	money	NOUN
taxlaw-6680	472	19	)	)	PUNCT
taxlaw-6680	472	20	;	;	PUNCT
taxlaw-6680	473	1	treas	treas	PROPN
taxlaw-6680	473	2	.	.	PUNCT
taxlaw-6680	474	1	reg	reg	PROPN
taxlaw-6680	474	2	.	.	PUNCT
taxlaw-6680	475	1	§	§	PROPN
taxlaw-6680	475	2	1.752–2	1.752–2	NUM
taxlaw-6680	475	3	(	(	PUNCT
taxlaw-6680	475	4	providing	provide	VERB
taxlaw-6680	475	5	the	the	DET
taxlaw-6680	475	6	rules	rule	NOUN
taxlaw-6680	475	7	governing	govern	VERB
taxlaw-6680	475	8	a	a	DET
taxlaw-6680	475	9	partner	partner	NOUN
taxlaw-6680	475	10	’s	’s	PART
taxlaw-6680	475	11	share	share	NOUN
taxlaw-6680	475	12	of	of	ADP
taxlaw-6680	475	13	recourse	recourse	NOUN
taxlaw-6680	475	14	liabilities	liability	NOUN
taxlaw-6680	475	15	)	)	PUNCT
taxlaw-6680	475	16	.	.	PUNCT
taxlaw-6680	476	1	85see	85see	NOUN
taxlaw-6680	476	2	,	,	PUNCT
taxlaw-6680	476	3	e.g.	e.g.	ADV
taxlaw-6680	476	4	,	,	PUNCT
taxlaw-6680	476	5	richard	richard	PROPN
taxlaw-6680	476	6	m.	m.	PROPN
taxlaw-6680	476	7	lipton	lipton	PROPN
taxlaw-6680	476	8	,	,	PUNCT
taxlaw-6680	476	9	proposed	propose	VERB
taxlaw-6680	476	10	regulations	regulation	NOUN
taxlaw-6680	476	11	on	on	ADP
taxlaw-6680	476	12	debt	debt	NOUN
taxlaw-6680	476	13	allocations	allocation	NOUN
taxlaw-6680	476	14	:	:	PUNCT
taxlaw-6680	476	15	controversial	controversial	ADJ
taxlaw-6680	476	16	,	,	PUNCT
taxlaw-6680	476	17	and	and	CCONJ
taxlaw-6680	476	18	deservedly	deservedly	ADV
taxlaw-6680	476	19	so	so	ADV
taxlaw-6680	476	20	,	,	PUNCT
taxlaw-6680	476	21	120j	120j	PROPN
taxlaw-6680	476	22	.	.	PUNCT
taxlaw-6680	477	1	tax’n	tax’n	NUM
taxlaw-6680	477	2	156	156	NUM
taxlaw-6680	477	3	,	,	PUNCT
taxlaw-6680	477	4	165	165	NUM
taxlaw-6680	477	5	-	-	SYM
taxlaw-6680	477	6	67	67	NUM
taxlaw-6680	477	7	(	(	PUNCT
taxlaw-6680	477	8	2014	2014	NUM
taxlaw-6680	477	9	)	)	PUNCT
taxlaw-6680	477	10	(	(	PUNCT
taxlaw-6680	477	11	“	"	PUNCT
taxlaw-6680	477	12	the	the	DET
taxlaw-6680	477	13	proposed	propose	VERB
taxlaw-6680	477	14	752	752	NUM
taxlaw-6680	477	15	regulations	regulation	NOUN
taxlaw-6680	477	16	appear	appear	VERB
taxlaw-6680	477	17	to	to	PART
taxlaw-6680	477	18	be	be	AUX
taxlaw-6680	477	19	the	the	DET
taxlaw-6680	477	20	product	product	NOUN
taxlaw-6680	477	21	of	of	ADP
taxlaw-6680	477	22	obsessive	obsessive	ADJ
taxlaw-6680	477	23	concern	concern	NOUN
taxlaw-6680	477	24	about	about	ADP
taxlaw-6680	477	25	the	the	DET
taxlaw-6680	477	26	fact	fact	NOUN
taxlaw-6680	477	27	that	that	SCONJ
taxlaw-6680	477	28	bottom	bottom	ADJ
taxlaw-6680	477	29	-	-	PUNCT
taxlaw-6680	477	30	dollar	dollar	NOUN
taxlaw-6680	477	31	guarantees	guarantee	NOUN
taxlaw-6680	477	32	can	can	AUX
taxlaw-6680	477	33	be	be	AUX
taxlaw-6680	477	34	used	use	VERB
taxlaw-6680	477	35	to	to	PART
taxlaw-6680	477	36	allocate	allocate	VERB
taxlaw-6680	477	37	liabilities	liability	NOUN
taxlaw-6680	477	38	.	.	PUNCT
taxlaw-6680	477	39	”	"	PUNCT
taxlaw-6680	477	40	)	)	PUNCT
taxlaw-6680	477	41	;	;	PUNCT
taxlaw-6680	477	42	see	see	VERB
taxlaw-6680	477	43	also	also	ADV
taxlaw-6680	477	44	prop	prop	VERB
taxlaw-6680	477	45	.	.	PUNCT
taxlaw-6680	478	1	treas	treas	PROPN
taxlaw-6680	478	2	.	.	PUNCT
taxlaw-6680	479	1	reg	reg	PROPN
taxlaw-6680	479	2	.	.	PUNCT
taxlaw-6680	480	1	§	§	PROPN
taxlaw-6680	480	2	1.752–2(b)(3)(ii	1.752–2(b)(3)(ii	PROPN
taxlaw-6680	480	3	)	)	PUNCT
taxlaw-6680	480	4	,	,	PUNCT
taxlaw-6680	480	5	79	79	NUM
taxlaw-6680	480	6	fed	feed	VERB
taxlaw-6680	480	7	.	.	PUNCT
taxlaw-6680	481	1	reg	reg	PROPN
taxlaw-6680	481	2	.	.	PUNCT
taxlaw-6680	482	1	4826	4826	NUM
taxlaw-6680	482	2	,	,	PUNCT
taxlaw-6680	482	3	4829	4829	NUM
taxlaw-6680	482	4	-	-	SYM
taxlaw-6680	482	5	30	30	NUM
taxlaw-6680	482	6	(	(	PUNCT
taxlaw-6680	482	7	2014	2014	NUM
taxlaw-6680	482	8	)	)	PUNCT
taxlaw-6680	482	9	.	.	PUNCT
taxlaw-6680	483	1	86	86	NUM
taxlaw-6680	483	2	see	see	VERB
taxlaw-6680	483	3	prop	prop	NOUN
taxlaw-6680	483	4	.	.	PUNCT
taxlaw-6680	484	1	treas	treas	PROPN
taxlaw-6680	484	2	.	.	PUNCT
taxlaw-6680	485	1	reg	reg	PROPN
taxlaw-6680	485	2	.	.	PUNCT
taxlaw-6680	486	1	§	§	PROPN
taxlaw-6680	486	2	1.752–2(b)(3)(ii)(a	1.752–2(b)(3)(ii)(a	PROPN
taxlaw-6680	486	3	)	)	PUNCT
taxlaw-6680	486	4	,	,	PUNCT
taxlaw-6680	486	5	79	79	NUM
taxlaw-6680	486	6	fed	feed	VERB
taxlaw-6680	486	7	.	.	PUNCT
taxlaw-6680	487	1	reg	reg	PROPN
taxlaw-6680	487	2	.	.	PUNCT
taxlaw-6680	488	1	4826	4826	NUM
taxlaw-6680	488	2	,	,	PUNCT
taxlaw-6680	488	3	4836	4836	NUM
taxlaw-6680	488	4	(	(	PUNCT
taxlaw-6680	488	5	2014	2014	NUM
taxlaw-6680	488	6	)	)	PUNCT
taxlaw-6680	488	7	.	.	PUNCT
taxlaw-6680	489	1	87	87	NUM
taxlaw-6680	489	2	see	see	VERB
taxlaw-6680	489	3	reg–122855–15	reg–122855–15	NOUN
taxlaw-6680	489	4	,	,	PUNCT
taxlaw-6680	489	5	2016	2016	NUM
taxlaw-6680	489	6	-	-	SYM
taxlaw-6680	489	7	52	52	NUM
taxlaw-6680	489	8	i.r.b	i.r.b	NOUN
taxlaw-6680	489	9	.	.	PUNCT
taxlaw-6680	489	10	892	892	NUM
taxlaw-6680	489	11	-	-	SYM
taxlaw-6680	489	12	93	93	NUM
taxlaw-6680	489	13	(	(	PUNCT
taxlaw-6680	489	14	dec	dec	PROPN
taxlaw-6680	489	15	.	.	PROPN
taxlaw-6680	489	16	27	27	NUM
taxlaw-6680	489	17	,	,	PUNCT
taxlaw-6680	489	18	2016	2016	NUM
taxlaw-6680	489	19	)	)	PUNCT
taxlaw-6680	489	20	;	;	PUNCT
taxlaw-6680	489	21	temp	temp	NOUN
taxlaw-6680	489	22	.	.	PUNCT
taxlaw-6680	490	1	treas	treas	PROPN
taxlaw-6680	490	2	.	.	PUNCT
taxlaw-6680	491	1	reg	reg	PROPN
taxlaw-6680	491	2	.	.	PUNCT
taxlaw-6680	492	1	§	§	PROPN
taxlaw-6680	492	2	1.752–2t(a)(3)(ii	1.752–2t(a)(3)(ii	NUM
taxlaw-6680	492	3	)	)	PUNCT
taxlaw-6680	492	4	.	.	PUNCT
taxlaw-6680	493	1	88	88	NUM
taxlaw-6680	493	2	for	for	ADP
taxlaw-6680	493	3	a	a	DET
taxlaw-6680	493	4	definition	definition	NOUN
taxlaw-6680	493	5	of	of	ADP
taxlaw-6680	493	6	bottom	bottom	ADJ
taxlaw-6680	493	7	dollar	dollar	NOUN
taxlaw-6680	493	8	payment	payment	NOUN
taxlaw-6680	493	9	obligation	obligation	NOUN
taxlaw-6680	493	10	,	,	PUNCT
taxlaw-6680	493	11	see	see	VERB
taxlaw-6680	493	12	temp	temp	NOUN
taxlaw-6680	493	13	.	.	PUNCT
taxlaw-6680	494	1	treas	treas	PROPN
taxlaw-6680	494	2	.	.	PUNCT
taxlaw-6680	495	1	reg	reg	PROPN
taxlaw-6680	495	2	.	.	PUNCT
taxlaw-6680	496	1	§	§	PROPN
taxlaw-6680	496	2	1.752–2t(a)(3)(ii)(c	1.752–2t(a)(3)(ii)(c	NUM
taxlaw-6680	496	3	)	)	PUNCT
taxlaw-6680	496	4	.	.	PUNCT
taxlaw-6680	497	1	89	89	NUM
taxlaw-6680	497	2	see	see	VERB
taxlaw-6680	497	3	lipton	lipton	PROPN
taxlaw-6680	497	4	,	,	PUNCT
taxlaw-6680	497	5	supra	supra	PROPN
taxlaw-6680	497	6	note	note	NOUN
taxlaw-6680	497	7	85	85	NUM
taxlaw-6680	497	8	at	at	ADP
taxlaw-6680	497	9	167	167	NUM
taxlaw-6680	497	10	(	(	PUNCT
taxlaw-6680	497	11	noting	note	VERB
taxlaw-6680	497	12	that	that	SCONJ
taxlaw-6680	497	13	the	the	DET
taxlaw-6680	497	14	bottom	bottom	ADJ
taxlaw-6680	497	15	dollar	dollar	NOUN
taxlaw-6680	497	16	payment	payment	NOUN
taxlaw-6680	497	17	obligation	obligation	NOUN
taxlaw-6680	497	18	ban	ban	NOUN
taxlaw-6680	497	19	can	can	AUX
taxlaw-6680	497	20	be	be	AUX
taxlaw-6680	497	21	circumvented	circumvent	VERB
taxlaw-6680	497	22	by	by	ADP
taxlaw-6680	497	23	tranching	tranche	VERB
taxlaw-6680	497	24	debt	debt	NOUN
taxlaw-6680	497	25	)	)	PUNCT
taxlaw-6680	497	26	.	.	PUNCT
taxlaw-6680	498	1	90	90	NUM
taxlaw-6680	498	2	see	see	VERB
taxlaw-6680	498	3	treas	treas	PROPN
taxlaw-6680	498	4	.	.	PUNCT
taxlaw-6680	499	1	reg	reg	PROPN
taxlaw-6680	499	2	.	.	PUNCT
taxlaw-6680	500	1	§	§	PROPN
taxlaw-6680	500	2	1.752–2(j	1.752–2(j	PROPN
taxlaw-6680	500	3	)	)	PUNCT
taxlaw-6680	500	4	(	(	PUNCT
taxlaw-6680	500	5	describing	describe	VERB
taxlaw-6680	500	6	instances	instance	NOUN
taxlaw-6680	500	7	where	where	SCONJ
taxlaw-6680	500	8	payment	payment	NOUN
taxlaw-6680	500	9	obligations	obligation	NOUN
taxlaw-6680	500	10	may	may	AUX
taxlaw-6680	500	11	be	be	AUX
taxlaw-6680	500	12	disregarded	disregard	VERB
taxlaw-6680	500	13	)	)	PUNCT
taxlaw-6680	500	14	.	.	PUNCT
taxlaw-6680	501	1	;	;	PUNCT
taxlaw-6680	502	1	prop	prop	NOUN
taxlaw-6680	502	2	.	.	PUNCT
taxlaw-6680	503	1	treas	treas	PROPN
taxlaw-6680	503	2	.	.	PUNCT
taxlaw-6680	504	1	reg	reg	PROPN
taxlaw-6680	504	2	.	.	PUNCT
taxlaw-6680	505	1	§	§	PROPN
taxlaw-6680	505	2	1.752–2(j)(3)(ii	1.752–2(j)(3)(ii	PROPN
taxlaw-6680	505	3	)	)	PUNCT
taxlaw-6680	505	4	,	,	PUNCT
taxlaw-6680	505	5	81	81	NUM
taxlaw-6680	505	6	fed	feed	VERB
taxlaw-6680	505	7	.	.	PUNCT
taxlaw-6680	506	1	reg	reg	PROPN
taxlaw-6680	506	2	.	.	PROPN
taxlaw-6680	507	1	69,301	69,301	NUM
taxlaw-6680	507	2	,	,	PUNCT
taxlaw-6680	507	3	69,308	69,308	NUM
taxlaw-6680	507	4	(	(	PUNCT
taxlaw-6680	507	5	2016	2016	NUM
taxlaw-6680	507	6	)	)	PUNCT
taxlaw-6680	507	7	.	.	PUNCT
taxlaw-6680	508	1	91	91	NUM
taxlaw-6680	508	2	see	see	VERB
taxlaw-6680	508	3	lipton	lipton	PROPN
taxlaw-6680	508	4	,	,	PUNCT
taxlaw-6680	508	5	supra	supra	PROPN
taxlaw-6680	508	6	note	note	NOUN
taxlaw-6680	508	7	85	85	NUM
taxlaw-6680	508	8	at	at	ADP
taxlaw-6680	508	9	157	157	NUM
taxlaw-6680	508	10	(	(	PUNCT
taxlaw-6680	508	11	suggesting	suggest	VERB
taxlaw-6680	508	12	that	that	SCONJ
taxlaw-6680	508	13	the	the	DET
taxlaw-6680	508	14	2014	2014	NUM
taxlaw-6680	508	15	proposed	propose	VERB
taxlaw-6680	508	16	regulations	regulation	NOUN
taxlaw-6680	508	17	under	under	ADP
taxlaw-6680	508	18	section	section	NOUN
taxlaw-6680	508	19	752	752	NUM
taxlaw-6680	508	20	are	be	AUX
taxlaw-6680	508	21	just	just	ADV
taxlaw-6680	508	22	another	another	DET
taxlaw-6680	508	23	set	set	NOUN
taxlaw-6680	508	24	of	of	ADP
taxlaw-6680	508	25	artificial	artificial	ADJ
taxlaw-6680	508	26	rules	rule	NOUN
taxlaw-6680	508	27	to	to	PART
taxlaw-6680	508	28	deal	deal	VERB
taxlaw-6680	508	29	with	with	ADP
taxlaw-6680	508	30	the	the	DET
taxlaw-6680	508	31	artificiality	artificiality	NOUN
taxlaw-6680	508	32	in	in	ADP
taxlaw-6680	508	33	the	the	DET
taxlaw-6680	508	34	crane	crane	NOUN
taxlaw-6680	508	35	doctrine	doctrine	NOUN
taxlaw-6680	508	36	)	)	PUNCT
taxlaw-6680	508	37	.	.	PUNCT
taxlaw-6680	509	1	92	92	NUM
taxlaw-6680	509	2	see	see	NOUN
taxlaw-6680	509	3	commissioner	commissioner	NOUN
taxlaw-6680	509	4	v.	v.	ADP
taxlaw-6680	509	5	tufts	tuft	NOUN
taxlaw-6680	509	6	,	,	PUNCT
taxlaw-6680	509	7	461	461	NUM
taxlaw-6680	509	8	u.s	u.s	PROPN
taxlaw-6680	509	9	.	.	PROPN
taxlaw-6680	509	10	300	300	NUM
taxlaw-6680	509	11	,	,	PUNCT
taxlaw-6680	509	12	307	307	NUM
taxlaw-6680	509	13	-	-	SYM
taxlaw-6680	509	14	310	310	NUM
taxlaw-6680	509	15	(	(	PUNCT
taxlaw-6680	509	16	1983	1983	NUM
taxlaw-6680	509	17	)	)	PUNCT
taxlaw-6680	509	18	.	.	PUNCT
taxlaw-6680	510	1	2019	2019	NUM
taxlaw-6680	510	2	]	]	PUNCT
taxlaw-6680	510	3	a	a	DET
taxlaw-6680	510	4	gain	gain	NOUN
taxlaw-6680	510	5	must	must	AUX
taxlaw-6680	510	6	lie	lie	VERB
taxlaw-6680	510	7	where	where	SCONJ
taxlaw-6680	510	8	it	it	PRON
taxlaw-6680	510	9	falls	fall	VERB
taxlaw-6680	510	10	:	:	PUNCT
taxlaw-6680	510	11	matching	match	VERB
taxlaw-6680	510	12	tax	tax	NOUN
taxlaw-6680	510	13	with	with	ADP
taxlaw-6680	510	14	economics	economic	NOUN
taxlaw-6680	510	15	in	in	ADP
taxlaw-6680	510	16	subchapter	subchapter	NOUN
taxlaw-6680	510	17	k	k	PROPN
taxlaw-6680	510	18	121	121	NUM
taxlaw-6680	510	19	c.	c.	NOUN
taxlaw-6680	510	20	economic	economic	ADJ
taxlaw-6680	510	21	effect	effect	NOUN
taxlaw-6680	510	22	equivalence	equivalence	NOUN
taxlaw-6680	510	23	:	:	PUNCT
taxlaw-6680	510	24	solution	solution	NOUN
taxlaw-6680	510	25	to	to	ADP
taxlaw-6680	510	26	one	one	NUM
taxlaw-6680	510	27	size	size	NOUN
taxlaw-6680	510	28	fits	fit	VERB
taxlaw-6680	510	29	all	all	PRON
taxlaw-6680	510	30	?	?	PUNCT
taxlaw-6680	511	1	as	as	SCONJ
taxlaw-6680	511	2	discussed	discuss	VERB
taxlaw-6680	511	3	in	in	ADP
taxlaw-6680	511	4	part	part	NOUN
taxlaw-6680	511	5	iii.b	iii.b	X
taxlaw-6680	511	6	.	.	PROPN
taxlaw-6680	511	7	,	,	PUNCT
taxlaw-6680	511	8	the	the	DET
taxlaw-6680	511	9	treasury	treasury	NOUN
taxlaw-6680	511	10	’s	’s	PART
taxlaw-6680	511	11	capital	capital	NOUN
taxlaw-6680	511	12	account	account	NOUN
taxlaw-6680	511	13	approach	approach	NOUN
taxlaw-6680	511	14	and	and	CCONJ
taxlaw-6680	511	15	anti	anti	ADJ
taxlaw-6680	511	16	-	-	ADJ
taxlaw-6680	511	17	abuse	abuse	ADJ
taxlaw-6680	511	18	efforts	effort	NOUN
taxlaw-6680	511	19	under	under	ADP
taxlaw-6680	511	20	subchapter	subchapter	NOUN
taxlaw-6680	511	21	k	k	PROPN
taxlaw-6680	511	22	may	may	AUX
taxlaw-6680	511	23	not	not	PART
taxlaw-6680	511	24	fully	fully	ADV
taxlaw-6680	511	25	eliminate	eliminate	VERB
taxlaw-6680	511	26	the	the	DET
taxlaw-6680	511	27	mismatch	mismatch	NOUN
taxlaw-6680	511	28	between	between	ADP
taxlaw-6680	511	29	tax	tax	NOUN
taxlaw-6680	511	30	and	and	CCONJ
taxlaw-6680	511	31	economics	economic	NOUN
taxlaw-6680	511	32	and	and	CCONJ
taxlaw-6680	511	33	may	may	AUX
taxlaw-6680	511	34	lead	lead	VERB
taxlaw-6680	511	35	to	to	ADP
taxlaw-6680	511	36	artificial	artificial	ADJ
taxlaw-6680	511	37	results	result	NOUN
taxlaw-6680	511	38	.	.	PUNCT
taxlaw-6680	512	1	however	however	ADV
taxlaw-6680	512	2	,	,	PUNCT
taxlaw-6680	512	3	an	an	DET
taxlaw-6680	512	4	allocation	allocation	NOUN
taxlaw-6680	512	5	may	may	AUX
taxlaw-6680	512	6	be	be	AUX
taxlaw-6680	512	7	deemed	deem	VERB
taxlaw-6680	512	8	to	to	PART
taxlaw-6680	512	9	have	have	VERB
taxlaw-6680	512	10	economic	economic	ADJ
taxlaw-6680	512	11	effect	effect	NOUN
taxlaw-6680	512	12	under	under	ADP
taxlaw-6680	512	13	the	the	DET
taxlaw-6680	512	14	economic	economic	ADJ
taxlaw-6680	512	15	effect	effect	NOUN
taxlaw-6680	512	16	equivalence	equivalence	NOUN
taxlaw-6680	512	17	test	test	NOUN
taxlaw-6680	512	18	(	(	PUNCT
taxlaw-6680	512	19	the	the	DET
taxlaw-6680	512	20	“	"	PUNCT
taxlaw-6680	512	21	eee	eee	NOUN
taxlaw-6680	512	22	test	test	NOUN
taxlaw-6680	512	23	”	"	PUNCT
taxlaw-6680	512	24	)	)	PUNCT
taxlaw-6680	512	25	,	,	PUNCT
taxlaw-6680	512	26	a	a	DET
taxlaw-6680	512	27	less	less	ADV
taxlaw-6680	512	28	used	used	ADJ
taxlaw-6680	512	29	alternative	alternative	NOUN
taxlaw-6680	512	30	available	available	ADJ
taxlaw-6680	512	31	under	under	ADP
taxlaw-6680	512	32	the	the	DET
taxlaw-6680	512	33	see	see	ADJ
taxlaw-6680	512	34	safe	safe	ADJ
taxlaw-6680	512	35	harbor	harbor	NOUN
taxlaw-6680	512	36	.	.	PUNCT
taxlaw-6680	513	1	the	the	DET
taxlaw-6680	513	2	eee	eee	NOUN
taxlaw-6680	513	3	test	test	NOUN
taxlaw-6680	513	4	supplies	supply	VERB
taxlaw-6680	513	5	flexibility	flexibility	NOUN
taxlaw-6680	513	6	but	but	CCONJ
taxlaw-6680	513	7	also	also	ADV
taxlaw-6680	513	8	adds	add	VERB
taxlaw-6680	513	9	uncertainty	uncertainty	NOUN
taxlaw-6680	513	10	to	to	ADP
taxlaw-6680	513	11	the	the	DET
taxlaw-6680	513	12	see	see	ADJ
taxlaw-6680	513	13	safe	safe	ADJ
taxlaw-6680	513	14	harbor	harbor	NOUN
taxlaw-6680	513	15	.	.	PUNCT
taxlaw-6680	514	1	it	it	PRON
taxlaw-6680	514	2	determines	determine	VERB
taxlaw-6680	514	3	economic	economic	ADJ
taxlaw-6680	514	4	effect	effect	NOUN
taxlaw-6680	514	5	based	base	VERB
taxlaw-6680	514	6	not	not	PART
taxlaw-6680	514	7	on	on	ADP
taxlaw-6680	514	8	actual	actual	ADJ
taxlaw-6680	514	9	use	use	NOUN
taxlaw-6680	514	10	of	of	ADP
taxlaw-6680	514	11	capital	capital	NOUN
taxlaw-6680	514	12	accounts	account	NOUN
taxlaw-6680	514	13	,	,	PUNCT
taxlaw-6680	514	14	but	but	CCONJ
taxlaw-6680	514	15	rather	rather	ADV
taxlaw-6680	514	16	on	on	ADP
taxlaw-6680	514	17	whether	whether	SCONJ
taxlaw-6680	514	18	the	the	DET
taxlaw-6680	514	19	hypothetical	hypothetical	ADJ
taxlaw-6680	514	20	liquidation	liquidation	NOUN
taxlaw-6680	514	21	results	result	NOUN
taxlaw-6680	514	22	under	under	ADP
taxlaw-6680	514	23	the	the	DET
taxlaw-6680	514	24	partners	partner	NOUN
taxlaw-6680	514	25	’	'	PUNCT
taxlaw-6680	514	26	own	own	ADJ
taxlaw-6680	514	27	arrangement	arrangement	NOUN
taxlaw-6680	514	28	match	match	VERB
taxlaw-6680	514	29	the	the	DET
taxlaw-6680	514	30	results	result	NOUN
taxlaw-6680	514	31	that	that	PRON
taxlaw-6680	514	32	would	would	AUX
taxlaw-6680	514	33	have	have	AUX
taxlaw-6680	514	34	been	be	AUX
taxlaw-6680	514	35	reached	reach	VERB
taxlaw-6680	514	36	had	have	VERB
taxlaw-6680	514	37	capital	capital	NOUN
taxlaw-6680	514	38	accounts	account	NOUN
taxlaw-6680	514	39	been	be	AUX
taxlaw-6680	514	40	properly	properly	ADV
taxlaw-6680	514	41	maintained	maintain	VERB
taxlaw-6680	514	42	and	and	CCONJ
taxlaw-6680	514	43	used	use	VERB
taxlaw-6680	514	44	.	.	PUNCT
taxlaw-6680	515	1	the	the	DET
taxlaw-6680	515	2	eee	eee	NOUN
taxlaw-6680	515	3	test	test	NOUN
taxlaw-6680	515	4	thus	thus	ADV
taxlaw-6680	515	5	seems	seem	VERB
taxlaw-6680	515	6	to	to	PART
taxlaw-6680	515	7	focus	focus	VERB
taxlaw-6680	515	8	on	on	ADP
taxlaw-6680	515	9	achieving	achieve	VERB
taxlaw-6680	515	10	a	a	DET
taxlaw-6680	515	11	good	good	ADJ
taxlaw-6680	515	12	end	end	NOUN
taxlaw-6680	515	13	-	-	PUNCT
taxlaw-6680	515	14	result	result	NOUN
taxlaw-6680	515	15	rather	rather	ADV
taxlaw-6680	515	16	than	than	ADP
taxlaw-6680	515	17	on	on	ADP
taxlaw-6680	515	18	the	the	DET
taxlaw-6680	515	19	means	mean	NOUN
taxlaw-6680	515	20	to	to	PART
taxlaw-6680	515	21	achieve	achieve	VERB
taxlaw-6680	515	22	such	such	ADJ
taxlaw-6680	515	23	result	result	NOUN
taxlaw-6680	515	24	.	.	PUNCT
taxlaw-6680	516	1	since	since	SCONJ
taxlaw-6680	516	2	the	the	DET
taxlaw-6680	516	3	treasury	treasury	NOUN
taxlaw-6680	516	4	has	have	AUX
taxlaw-6680	516	5	included	include	VERB
taxlaw-6680	516	6	very	very	ADV
taxlaw-6680	516	7	little	little	ADJ
taxlaw-6680	516	8	guidance	guidance	NOUN
taxlaw-6680	516	9	on	on	ADP
taxlaw-6680	516	10	how	how	SCONJ
taxlaw-6680	516	11	to	to	PART
taxlaw-6680	516	12	apply	apply	VERB
taxlaw-6680	516	13	the	the	DET
taxlaw-6680	516	14	test	test	NOUN
taxlaw-6680	516	15	,	,	PUNCT
taxlaw-6680	516	16	there	there	PRON
taxlaw-6680	516	17	are	be	VERB
taxlaw-6680	516	18	arguments	argument	NOUN
taxlaw-6680	516	19	both	both	CCONJ
taxlaw-6680	516	20	for	for	ADP
taxlaw-6680	516	21	reading	read	VERB
taxlaw-6680	516	22	it	it	PRON
taxlaw-6680	516	23	broadly	broadly	ADV
taxlaw-6680	516	24	and	and	CCONJ
taxlaw-6680	516	25	narrowly.93	narrowly.93	VERB
taxlaw-6680	516	26	this	this	DET
taxlaw-6680	516	27	part	part	NOUN
taxlaw-6680	516	28	iii.c	iii.c	PROPN
taxlaw-6680	516	29	.	.	PUNCT
taxlaw-6680	516	30	will	will	AUX
taxlaw-6680	516	31	examine	examine	VERB
taxlaw-6680	516	32	the	the	DET
taxlaw-6680	516	33	current	current	ADJ
taxlaw-6680	516	34	interpretations	interpretation	NOUN
taxlaw-6680	516	35	of	of	ADP
taxlaw-6680	516	36	the	the	DET
taxlaw-6680	516	37	eee	eee	NOUN
taxlaw-6680	516	38	test	test	NOUN
taxlaw-6680	516	39	and	and	CCONJ
taxlaw-6680	516	40	argue	argue	VERB
taxlaw-6680	516	41	that	that	SCONJ
taxlaw-6680	516	42	it	it	PRON
taxlaw-6680	516	43	should	should	AUX
taxlaw-6680	516	44	be	be	AUX
taxlaw-6680	516	45	interpreted	interpret	VERB
taxlaw-6680	516	46	in	in	ADP
taxlaw-6680	516	47	a	a	DET
taxlaw-6680	516	48	way	way	NOUN
taxlaw-6680	516	49	that	that	PRON
taxlaw-6680	516	50	is	be	AUX
taxlaw-6680	516	51	sufficient	sufficient	ADJ
taxlaw-6680	516	52	to	to	PART
taxlaw-6680	516	53	safe	safe	ADJ
taxlaw-6680	516	54	harbor	harbor	VERB
taxlaw-6680	516	55	the	the	DET
taxlaw-6680	516	56	most	most	ADV
taxlaw-6680	516	57	non	non	ADJ
taxlaw-6680	516	58	-	-	ADJ
taxlaw-6680	516	59	abusive	abusive	ADJ
taxlaw-6680	516	60	allocations	allocation	NOUN
taxlaw-6680	516	61	that	that	PRON
taxlaw-6680	516	62	do	do	AUX
taxlaw-6680	516	63	not	not	PART
taxlaw-6680	516	64	follow	follow	VERB
taxlaw-6680	516	65	the	the	DET
taxlaw-6680	516	66	treasury	treasury	NOUN
taxlaw-6680	516	67	’s	’s	PART
taxlaw-6680	516	68	capital	capital	NOUN
taxlaw-6680	516	69	account	account	NOUN
taxlaw-6680	516	70	method	method	NOUN
taxlaw-6680	516	71	.	.	PUNCT
taxlaw-6680	517	1	1	1	X
taxlaw-6680	517	2	.	.	X
taxlaw-6680	517	3	the	the	DET
taxlaw-6680	517	4	four	four	NUM
taxlaw-6680	517	5	-	-	PUNCT
taxlaw-6680	517	6	part	part	NOUN
taxlaw-6680	517	7	analysis	analysis	NOUN
taxlaw-6680	517	8	for	for	ADP
taxlaw-6680	517	9	economic	economic	ADJ
taxlaw-6680	517	10	effect	effect	NOUN
taxlaw-6680	517	11	equivalence	equivalence	NOUN
taxlaw-6680	517	12	the	the	DET
taxlaw-6680	517	13	eee	eee	NOUN
taxlaw-6680	517	14	test	test	NOUN
taxlaw-6680	517	15	will	will	AUX
taxlaw-6680	517	16	be	be	AUX
taxlaw-6680	517	17	satisfied	satisfied	ADJ
taxlaw-6680	517	18	if	if	SCONJ
taxlaw-6680	517	19	a	a	DET
taxlaw-6680	517	20	liquidation	liquidation	NOUN
taxlaw-6680	517	21	of	of	ADP
taxlaw-6680	517	22	the	the	DET
taxlaw-6680	517	23	partnership	partnership	NOUN
taxlaw-6680	517	24	at	at	ADP
taxlaw-6680	517	25	the	the	DET
taxlaw-6680	517	26	end	end	NOUN
taxlaw-6680	517	27	of	of	ADP
taxlaw-6680	517	28	the	the	DET
taxlaw-6680	517	29	current	current	ADJ
taxlaw-6680	517	30	or	or	CCONJ
taxlaw-6680	517	31	any	any	DET
taxlaw-6680	517	32	future	future	ADJ
taxlaw-6680	517	33	year	year	NOUN
taxlaw-6680	517	34	would	would	AUX
taxlaw-6680	517	35	produce	produce	VERB
taxlaw-6680	517	36	the	the	DET
taxlaw-6680	517	37	same	same	ADJ
taxlaw-6680	517	38	economic	economic	ADJ
taxlaw-6680	517	39	results	result	NOUN
taxlaw-6680	517	40	as	as	SCONJ
taxlaw-6680	517	41	would	would	AUX
taxlaw-6680	517	42	occur	occur	VERB
taxlaw-6680	517	43	if	if	SCONJ
taxlaw-6680	517	44	the	the	DET
taxlaw-6680	517	45	primary	primary	ADJ
taxlaw-6680	517	46	test	test	NOUN
taxlaw-6680	517	47	is	be	AUX
taxlaw-6680	517	48	satisfied	satisfied	ADJ
taxlaw-6680	517	49	,	,	PUNCT
taxlaw-6680	517	50	“	"	PUNCT
taxlaw-6680	517	51	regardless	regardless	ADV
taxlaw-6680	517	52	of	of	ADP
taxlaw-6680	517	53	the	the	DET
taxlaw-6680	517	54	economic	economic	ADJ
taxlaw-6680	517	55	performance	performance	NOUN
taxlaw-6680	517	56	of	of	ADP
taxlaw-6680	517	57	the	the	DET
taxlaw-6680	517	58	partnership	partnership	NOUN
taxlaw-6680	517	59	.	.	PUNCT
taxlaw-6680	517	60	”	"	PUNCT
taxlaw-6680	518	1	94	94	NUM
taxlaw-6680	518	2	under	under	ADP
taxlaw-6680	518	3	the	the	DET
taxlaw-6680	518	4	regulations	regulation	NOUN
taxlaw-6680	518	5	,	,	PUNCT
taxlaw-6680	518	6	the	the	DET
taxlaw-6680	518	7	eee	eee	NOUN
taxlaw-6680	518	8	test	test	NOUN
taxlaw-6680	518	9	seems	seem	VERB
taxlaw-6680	518	10	to	to	PART
taxlaw-6680	518	11	be	be	AUX
taxlaw-6680	518	12	a	a	DET
taxlaw-6680	518	13	four	four	NUM
taxlaw-6680	518	14	-	-	PUNCT
taxlaw-6680	518	15	part	part	NOUN
taxlaw-6680	518	16	analysis	analysis	NOUN
taxlaw-6680	518	17	.	.	PUNCT
taxlaw-6680	519	1	first	first	ADV
taxlaw-6680	519	2	,	,	PUNCT
taxlaw-6680	519	3	one	one	PRON
taxlaw-6680	519	4	must	must	AUX
taxlaw-6680	519	5	determine	determine	VERB
taxlaw-6680	519	6	each	each	DET
taxlaw-6680	519	7	partner	partner	NOUN
taxlaw-6680	519	8	’s	’s	PART
taxlaw-6680	519	9	economic	economic	ADJ
taxlaw-6680	519	10	entitlement	entitlement	NOUN
taxlaw-6680	519	11	to	to	ADP
taxlaw-6680	519	12	the	the	DET
taxlaw-6680	519	13	partnership	partnership	NOUN
taxlaw-6680	519	14	’s	’s	PART
taxlaw-6680	519	15	net	net	ADJ
taxlaw-6680	519	16	assets	asset	NOUN
taxlaw-6680	519	17	under	under	ADP
taxlaw-6680	519	18	the	the	DET
taxlaw-6680	519	19	partnership	partnership	NOUN
taxlaw-6680	519	20	agreement	agreement	NOUN
taxlaw-6680	519	21	in	in	ADP
taxlaw-6680	519	22	a	a	DET
taxlaw-6680	519	23	current	current	ADJ
taxlaw-6680	519	24	or	or	CCONJ
taxlaw-6680	519	25	future	future	ADJ
taxlaw-6680	519	26	liquidation	liquidation	NOUN
taxlaw-6680	519	27	,	,	PUNCT
taxlaw-6680	519	28	i.e.	i.e.	X
taxlaw-6680	519	29	,	,	PUNCT
taxlaw-6680	519	30	how	how	SCONJ
taxlaw-6680	519	31	partners	partner	NOUN
taxlaw-6680	519	32	intend	intend	VERB
taxlaw-6680	519	33	to	to	PART
taxlaw-6680	519	34	share	share	VERB
taxlaw-6680	519	35	the	the	DET
taxlaw-6680	519	36	benefit	benefit	NOUN
taxlaw-6680	519	37	or	or	CCONJ
taxlaw-6680	519	38	burden	burden	NOUN
taxlaw-6680	519	39	of	of	ADP
taxlaw-6680	519	40	whatever	whatever	PRON
taxlaw-6680	519	41	remains	remain	VERB
taxlaw-6680	519	42	after	after	SCONJ
taxlaw-6680	519	43	all	all	DET
taxlaw-6680	519	44	partnership	partnership	NOUN
taxlaw-6680	519	45	assets	asset	NOUN
taxlaw-6680	519	46	are	be	AUX
taxlaw-6680	519	47	sold	sell	VERB
taxlaw-6680	519	48	and	and	CCONJ
taxlaw-6680	519	49	the	the	DET
taxlaw-6680	519	50	proceeds	proceed	NOUN
taxlaw-6680	519	51	are	be	AUX
taxlaw-6680	519	52	used	use	VERB
taxlaw-6680	519	53	to	to	PART
taxlaw-6680	519	54	pay	pay	VERB
taxlaw-6680	519	55	the	the	DET
taxlaw-6680	519	56	partnership	partnership	NOUN
taxlaw-6680	519	57	’s	’s	PART
taxlaw-6680	519	58	creditors	creditor	NOUN
taxlaw-6680	519	59	.	.	PUNCT
taxlaw-6680	520	1	second	second	ADJ
taxlaw-6680	520	2	,	,	PUNCT
taxlaw-6680	520	3	one	one	PRON
taxlaw-6680	520	4	must	must	AUX
taxlaw-6680	520	5	determine	determine	VERB
taxlaw-6680	520	6	the	the	DET
taxlaw-6680	520	7	partners	partner	NOUN
taxlaw-6680	520	8	’	'	PUNCT
taxlaw-6680	520	9	explicit	explicit	ADJ
taxlaw-6680	520	10	or	or	CCONJ
taxlaw-6680	520	11	implied	imply	VERB
taxlaw-6680	520	12	allocation	allocation	NOUN
taxlaw-6680	520	13	of	of	ADP
taxlaw-6680	520	14	partnership	partnership	NOUN
taxlaw-6680	520	15	income	income	NOUN
taxlaw-6680	520	16	,	,	PUNCT
taxlaw-6680	520	17	gain	gain	NOUN
taxlaw-6680	520	18	,	,	PUNCT
taxlaw-6680	520	19	loss	loss	NOUN
taxlaw-6680	520	20	,	,	PUNCT
taxlaw-6680	520	21	deduction	deduction	NOUN
taxlaw-6680	520	22	,	,	PUNCT
taxlaw-6680	520	23	or	or	CCONJ
taxlaw-6680	520	24	credit	credit	NOUN
taxlaw-6680	520	25	under	under	ADP
taxlaw-6680	520	26	the	the	DET
taxlaw-6680	520	27	partnership	partnership	NOUN
taxlaw-6680	520	28	agreement	agreement	NOUN
taxlaw-6680	520	29	.	.	PUNCT
taxlaw-6680	521	1	third	third	ADJ
taxlaw-6680	521	2	,	,	PUNCT
taxlaw-6680	521	3	based	base	VERB
taxlaw-6680	521	4	on	on	ADP
taxlaw-6680	521	5	such	such	ADJ
taxlaw-6680	521	6	explicit	explicit	ADJ
taxlaw-6680	521	7	or	or	CCONJ
taxlaw-6680	521	8	implied	imply	VERB
taxlaw-6680	521	9	allocation	allocation	NOUN
taxlaw-6680	521	10	,	,	PUNCT
taxlaw-6680	521	11	one	one	PRON
taxlaw-6680	521	12	must	must	AUX
taxlaw-6680	521	13	determine	determine	VERB
taxlaw-6680	521	14	or	or	CCONJ
taxlaw-6680	521	15	re	re	VERB
taxlaw-6680	521	16	-	-	VERB
taxlaw-6680	521	17	calculate	calculate	VERB
taxlaw-6680	521	18	the	the	DET
taxlaw-6680	521	19	capital	capital	NOUN
taxlaw-6680	521	20	account	account	NOUN
taxlaw-6680	521	21	balances	balance	NOUN
taxlaw-6680	521	22	as	as	SCONJ
taxlaw-6680	521	23	if	if	SCONJ
taxlaw-6680	521	24	capital	capital	NOUN
taxlaw-6680	521	25	accounts	account	NOUN
taxlaw-6680	521	26	had	have	AUX
taxlaw-6680	521	27	been	be	AUX
taxlaw-6680	521	28	properly	properly	ADV
taxlaw-6680	521	29	maintained	maintain	VERB
taxlaw-6680	521	30	under	under	ADP
taxlaw-6680	521	31	the	the	DET
taxlaw-6680	521	32	primary	primary	ADJ
taxlaw-6680	521	33	test	test	NOUN
taxlaw-6680	521	34	.	.	PUNCT
taxlaw-6680	522	1	fourth	fourth	ADV
taxlaw-6680	522	2	,	,	PUNCT
taxlaw-6680	522	3	assuming	assume	VERB
taxlaw-6680	522	4	that	that	SCONJ
taxlaw-6680	522	5	a	a	DET
taxlaw-6680	522	6	liquidating	liquidating	NOUN
taxlaw-6680	522	7	distribution	distribution	NOUN
taxlaw-6680	522	8	will	will	AUX
taxlaw-6680	522	9	be	be	AUX
taxlaw-6680	522	10	made	make	VERB
taxlaw-6680	522	11	according	accord	VERB
taxlaw-6680	522	12	to	to	ADP
taxlaw-6680	522	13	such	such	ADJ
taxlaw-6680	522	14	capital	capital	NOUN
taxlaw-6680	522	15	account	account	NOUN
taxlaw-6680	522	16	balances	balance	NOUN
taxlaw-6680	522	17	and	and	CCONJ
taxlaw-6680	522	18	that	that	SCONJ
taxlaw-6680	522	19	each	each	DET
taxlaw-6680	522	20	partner	partner	NOUN
taxlaw-6680	522	21	has	have	VERB
taxlaw-6680	522	22	an	an	DET
taxlaw-6680	522	23	unlimited	unlimited	ADJ
taxlaw-6680	522	24	dro	dro	NOUN
taxlaw-6680	522	25	,	,	PUNCT
taxlaw-6680	522	26	one	one	PRON
taxlaw-6680	522	27	must	must	AUX
taxlaw-6680	522	28	determine	determine	VERB
taxlaw-6680	522	29	whether	whether	SCONJ
taxlaw-6680	522	30	each	each	DET
taxlaw-6680	522	31	partner	partner	NOUN
taxlaw-6680	522	32	’s	’s	PART
taxlaw-6680	522	33	economic	economic	ADJ
taxlaw-6680	522	34	entitlement	entitlement	NOUN
taxlaw-6680	522	35	in	in	ADP
taxlaw-6680	522	36	a	a	DET
taxlaw-6680	522	37	current	current	ADJ
taxlaw-6680	522	38	or	or	CCONJ
taxlaw-6680	522	39	future	future	ADJ
taxlaw-6680	522	40	liquidation	liquidation	NOUN
taxlaw-6680	522	41	would	would	AUX
taxlaw-6680	522	42	be	be	AUX
taxlaw-6680	522	43	the	the	DET
taxlaw-6680	522	44	same	same	ADJ
taxlaw-6680	522	45	as	as	ADP
taxlaw-6680	522	46	that	that	PRON
taxlaw-6680	522	47	under	under	ADP
taxlaw-6680	522	48	the	the	DET
taxlaw-6680	522	49	partnership	partnership	NOUN
taxlaw-6680	522	50	agreement	agreement	NOUN
taxlaw-6680	522	51	,	,	PUNCT
taxlaw-6680	522	52	“	"	PUNCT
taxlaw-6680	522	53	regardless	regardless	ADV
taxlaw-6680	522	54	of	of	ADP
taxlaw-6680	522	55	the	the	DET
taxlaw-6680	522	56	economic	economic	ADJ
taxlaw-6680	522	57	performance	performance	NOUN
taxlaw-6680	522	58	of	of	ADP
taxlaw-6680	522	59	the	the	DET
taxlaw-6680	522	60	partnership	partnership	NOUN
taxlaw-6680	522	61	.	.	PUNCT
taxlaw-6680	522	62	”	"	PUNCT
taxlaw-6680	523	1	93	93	NUM
taxlaw-6680	523	2	see	see	VERB
taxlaw-6680	523	3	,	,	PUNCT
taxlaw-6680	523	4	e.g.	e.g.	ADV
taxlaw-6680	523	5	,	,	PUNCT
taxlaw-6680	523	6	goldberg	goldberg	PROPN
taxlaw-6680	523	7	,	,	PUNCT
taxlaw-6680	523	8	supra	supra	PROPN
taxlaw-6680	523	9	note	note	NOUN
taxlaw-6680	523	10	54	54	NUM
taxlaw-6680	523	11	at	at	ADP
taxlaw-6680	523	12	728	728	NUM
taxlaw-6680	523	13	-	-	SYM
taxlaw-6680	523	14	29	29	NUM
taxlaw-6680	523	15	(	(	PUNCT
taxlaw-6680	523	16	suggesting	suggest	VERB
taxlaw-6680	523	17	that	that	SCONJ
taxlaw-6680	523	18	the	the	DET
taxlaw-6680	523	19	eee	eee	NOUN
taxlaw-6680	523	20	test	test	NOUN
taxlaw-6680	523	21	should	should	AUX
taxlaw-6680	523	22	be	be	AUX
taxlaw-6680	523	23	clarified	clarify	VERB
taxlaw-6680	523	24	or	or	CCONJ
taxlaw-6680	523	25	expanded	expand	VERB
taxlaw-6680	523	26	to	to	ADP
taxlaw-6680	523	27	explicitly	explicitly	ADV
taxlaw-6680	523	28	safe	safe	ADJ
taxlaw-6680	523	29	harbor	harbor	NOUN
taxlaw-6680	523	30	allocations	allocation	NOUN
taxlaw-6680	523	31	not	not	PART
taxlaw-6680	523	32	based	base	VERB
taxlaw-6680	523	33	on	on	ADP
taxlaw-6680	523	34	capital	capital	NOUN
taxlaw-6680	523	35	accounts	account	NOUN
taxlaw-6680	523	36	such	such	ADJ
taxlaw-6680	523	37	as	as	ADP
taxlaw-6680	523	38	the	the	DET
taxlaw-6680	523	39	target	target	NOUN
taxlaw-6680	523	40	method	method	NOUN
taxlaw-6680	523	41	of	of	ADP
taxlaw-6680	523	42	allocation	allocation	NOUN
taxlaw-6680	523	43	)	)	PUNCT
taxlaw-6680	523	44	;	;	PUNCT
taxlaw-6680	523	45	i.r.s	i.r.s	PROPN
taxlaw-6680	523	46	.	.	PUNCT
taxlaw-6680	523	47	,	,	PUNCT
taxlaw-6680	523	48	market	market	NOUN
taxlaw-6680	523	49	segment	segment	NOUN
taxlaw-6680	523	50	specialization	specialization	NOUN
taxlaw-6680	523	51	program	program	NOUN
taxlaw-6680	523	52	guideline	guideline	NOUN
taxlaw-6680	523	53	,	,	PUNCT
taxlaw-6680	523	54	partnerships	partnership	NOUN
taxlaw-6680	523	55	,	,	PUNCT
taxlaw-6680	523	56	2002	2002	NUM
taxlaw-6680	523	57	wl	wl	X
taxlaw-6680	523	58	32770029	32770029	NUM
taxlaw-6680	523	59	117	117	NUM
taxlaw-6680	523	60	(	(	PUNCT
taxlaw-6680	523	61	2002	2002	NUM
taxlaw-6680	523	62	)	)	PUNCT
taxlaw-6680	523	63	(	(	PUNCT
taxlaw-6680	523	64	noting	note	VERB
taxlaw-6680	523	65	that	that	SCONJ
taxlaw-6680	523	66	the	the	DET
taxlaw-6680	523	67	eee	eee	NOUN
taxlaw-6680	523	68	test	test	NOUN
taxlaw-6680	523	69	is	be	AUX
taxlaw-6680	523	70	a	a	DET
taxlaw-6680	523	71	“	"	PUNCT
taxlaw-6680	523	72	dumb	dumb	ADJ
taxlaw-6680	523	73	-	-	PUNCT
taxlaw-6680	523	74	but	but	CCONJ
taxlaw-6680	523	75	-	-	PUNCT
taxlaw-6680	523	76	lucky	lucky	ADJ
taxlaw-6680	523	77	”	"	PUNCT
taxlaw-6680	523	78	rule	rule	NOUN
taxlaw-6680	523	79	intended	intend	VERB
taxlaw-6680	523	80	to	to	PART
taxlaw-6680	523	81	protect	protect	VERB
taxlaw-6680	523	82	allocations	allocation	NOUN
taxlaw-6680	523	83	based	base	VERB
taxlaw-6680	523	84	on	on	ADP
taxlaw-6680	523	85	“	"	PUNCT
taxlaw-6680	523	86	unsophisticated	unsophisticated	ADJ
taxlaw-6680	523	87	but	but	CCONJ
taxlaw-6680	523	88	unabusive	unabusive	ADJ
taxlaw-6680	523	89	partnership	partnership	NOUN
taxlaw-6680	523	90	agreements	agreement	NOUN
taxlaw-6680	523	91	”	"	PUNCT
taxlaw-6680	523	92	)	)	PUNCT
taxlaw-6680	523	93	.	.	PUNCT
taxlaw-6680	524	1	94	94	NUM
taxlaw-6680	525	1	the	the	DET
taxlaw-6680	525	2	regulations	regulation	NOUN
taxlaw-6680	525	3	define	define	VERB
taxlaw-6680	525	4	economic	economic	ADJ
taxlaw-6680	525	5	effect	effect	NOUN
taxlaw-6680	525	6	equivalence	equivalence	NOUN
taxlaw-6680	525	7	as	as	SCONJ
taxlaw-6680	525	8	follows	follow	VERB
taxlaw-6680	525	9	:	:	PUNCT
taxlaw-6680	525	10	allocations	allocation	NOUN
taxlaw-6680	525	11	made	make	VERB
taxlaw-6680	525	12	to	to	ADP
taxlaw-6680	525	13	a	a	DET
taxlaw-6680	525	14	partner	partner	NOUN
taxlaw-6680	525	15	that	that	PRON
taxlaw-6680	525	16	do	do	AUX
taxlaw-6680	525	17	not	not	PART
taxlaw-6680	525	18	otherwise	otherwise	ADV
taxlaw-6680	525	19	have	have	VERB
taxlaw-6680	525	20	economic	economic	ADJ
taxlaw-6680	525	21	effect	effect	NOUN
taxlaw-6680	525	22	under	under	ADP
taxlaw-6680	525	23	this	this	DET
taxlaw-6680	525	24	paragraph	paragraph	NOUN
taxlaw-6680	525	25	(	(	PUNCT
taxlaw-6680	525	26	b)(2)(ii	b)(2)(ii	PROPN
taxlaw-6680	525	27	)	)	PUNCT
taxlaw-6680	525	28	shall	shall	AUX
taxlaw-6680	525	29	nevertheless	nevertheless	ADV
taxlaw-6680	525	30	be	be	AUX
taxlaw-6680	525	31	deemed	deem	VERB
taxlaw-6680	525	32	to	to	PART
taxlaw-6680	525	33	have	have	VERB
taxlaw-6680	525	34	economic	economic	ADJ
taxlaw-6680	525	35	effect	effect	NOUN
taxlaw-6680	525	36	,	,	PUNCT
taxlaw-6680	525	37	provided	provide	VERB
taxlaw-6680	525	38	that	that	SCONJ
taxlaw-6680	525	39	as	as	ADP
taxlaw-6680	525	40	of	of	ADP
taxlaw-6680	525	41	the	the	DET
taxlaw-6680	525	42	end	end	NOUN
taxlaw-6680	525	43	of	of	ADP
taxlaw-6680	525	44	each	each	DET
taxlaw-6680	525	45	partnership	partnership	NOUN
taxlaw-6680	525	46	taxable	taxable	ADJ
taxlaw-6680	525	47	year	year	NOUN
taxlaw-6680	525	48	a	a	DET
taxlaw-6680	525	49	liquidation	liquidation	NOUN
taxlaw-6680	525	50	of	of	ADP
taxlaw-6680	525	51	the	the	DET
taxlaw-6680	525	52	partnership	partnership	NOUN
taxlaw-6680	525	53	at	at	ADP
taxlaw-6680	525	54	the	the	DET
taxlaw-6680	525	55	end	end	NOUN
taxlaw-6680	525	56	of	of	ADP
taxlaw-6680	525	57	such	such	ADJ
taxlaw-6680	525	58	year	year	NOUN
taxlaw-6680	525	59	or	or	CCONJ
taxlaw-6680	525	60	at	at	ADP
taxlaw-6680	525	61	the	the	DET
taxlaw-6680	525	62	end	end	NOUN
taxlaw-6680	525	63	of	of	ADP
taxlaw-6680	525	64	any	any	DET
taxlaw-6680	525	65	future	future	ADJ
taxlaw-6680	525	66	year	year	NOUN
taxlaw-6680	525	67	would	would	AUX
taxlaw-6680	525	68	produce	produce	VERB
taxlaw-6680	525	69	the	the	DET
taxlaw-6680	525	70	same	same	ADJ
taxlaw-6680	525	71	economic	economic	ADJ
taxlaw-6680	525	72	results	result	NOUN
taxlaw-6680	525	73	to	to	ADP
taxlaw-6680	525	74	the	the	DET
taxlaw-6680	525	75	partners	partner	NOUN
taxlaw-6680	525	76	as	as	SCONJ
taxlaw-6680	525	77	would	would	AUX
taxlaw-6680	525	78	occur	occur	VERB
taxlaw-6680	525	79	if	if	SCONJ
taxlaw-6680	525	80	requirements	requirement	NOUN
taxlaw-6680	525	81	(	(	PUNCT
taxlaw-6680	525	82	1	1	NUM
taxlaw-6680	525	83	)	)	PUNCT
taxlaw-6680	525	84	,	,	PUNCT
taxlaw-6680	525	85	(	(	PUNCT
taxlaw-6680	525	86	2	2	NUM
taxlaw-6680	525	87	)	)	PUNCT
taxlaw-6680	525	88	,	,	PUNCT
taxlaw-6680	525	89	and	and	CCONJ
taxlaw-6680	525	90	(	(	PUNCT
taxlaw-6680	525	91	3	3	X
taxlaw-6680	525	92	)	)	PUNCT
taxlaw-6680	525	93	of	of	ADP
taxlaw-6680	525	94	paragraph	paragraph	NOUN
taxlaw-6680	525	95	(	(	PUNCT
taxlaw-6680	525	96	b)(2)(ii)(b	b)(2)(ii)(b	VERB
taxlaw-6680	525	97	)	)	PUNCT
taxlaw-6680	525	98	of	of	ADP
taxlaw-6680	525	99	this	this	DET
taxlaw-6680	525	100	section	section	NOUN
taxlaw-6680	525	101	had	have	AUX
taxlaw-6680	525	102	been	be	AUX
taxlaw-6680	525	103	satisfied	satisfied	ADJ
taxlaw-6680	525	104	,	,	PUNCT
taxlaw-6680	525	105	regardless	regardless	ADV
taxlaw-6680	525	106	of	of	ADP
taxlaw-6680	525	107	the	the	DET
taxlaw-6680	525	108	economic	economic	ADJ
taxlaw-6680	525	109	performance	performance	NOUN
taxlaw-6680	525	110	of	of	ADP
taxlaw-6680	525	111	the	the	DET
taxlaw-6680	525	112	partnership	partnership	NOUN
taxlaw-6680	525	113	.	.	PUNCT
taxlaw-6680	526	1	treas	treas	PROPN
taxlaw-6680	526	2	.	.	PUNCT
taxlaw-6680	527	1	reg.§1.704–1(b)(2)(ii)(i	reg.§1.704–1(b)(2)(ii)(i	NOUN
taxlaw-6680	527	2	)	)	PUNCT
taxlaw-6680	527	3	.	.	PUNCT
taxlaw-6680	528	1	[	[	X
taxlaw-6680	528	2	vol	vol	NOUN
taxlaw-6680	528	3	.	.	PROPN
taxlaw-6680	528	4	11:1	11:1	NUM
taxlaw-6680	528	5	columbia	columbia	PROPN
taxlaw-6680	528	6	journal	journal	PROPN
taxlaw-6680	528	7	of	of	ADP
taxlaw-6680	528	8	tax	tax	NOUN
taxlaw-6680	528	9	law	law	NOUN
taxlaw-6680	528	10	122	122	NUM
taxlaw-6680	528	11	consider	consider	VERB
taxlaw-6680	528	12	the	the	DET
taxlaw-6680	528	13	following	follow	VERB
taxlaw-6680	528	14	two	two	NUM
taxlaw-6680	528	15	examples	example	NOUN
taxlaw-6680	528	16	provided	provide	VERB
taxlaw-6680	528	17	in	in	ADP
taxlaw-6680	528	18	the	the	DET
taxlaw-6680	528	19	regulations	regulation	NOUN
taxlaw-6680	528	20	on	on	ADP
taxlaw-6680	528	21	the	the	DET
taxlaw-6680	528	22	eee	eee	NOUN
taxlaw-6680	528	23	test	test	NOUN
taxlaw-6680	528	24	,	,	PUNCT
taxlaw-6680	528	25	which	which	PRON
taxlaw-6680	528	26	seem	seem	VERB
taxlaw-6680	528	27	to	to	PART
taxlaw-6680	528	28	support	support	VERB
taxlaw-6680	528	29	the	the	DET
taxlaw-6680	528	30	four	four	NUM
taxlaw-6680	528	31	-	-	PUNCT
taxlaw-6680	528	32	part	part	NOUN
taxlaw-6680	528	33	analysis	analysis	NOUN
taxlaw-6680	528	34	mentioned	mention	VERB
taxlaw-6680	528	35	above.95	above.95	PROPN
taxlaw-6680	528	36	example	example	NOUN
taxlaw-6680	528	37	two	two	NUM
taxlaw-6680	528	38	g	g	NOUN
taxlaw-6680	528	39	and	and	CCONJ
taxlaw-6680	528	40	h	h	NOUN
taxlaw-6680	528	41	contribute	contribute	VERB
taxlaw-6680	528	42	$	$	SYM
taxlaw-6680	528	43	75,000	75,000	NUM
taxlaw-6680	528	44	and	and	CCONJ
taxlaw-6680	528	45	$	$	SYM
taxlaw-6680	528	46	25,000	25,000	NUM
taxlaw-6680	528	47	,	,	PUNCT
taxlaw-6680	528	48	respectively	respectively	ADV
taxlaw-6680	528	49	,	,	PUNCT
taxlaw-6680	528	50	to	to	PART
taxlaw-6680	528	51	form	form	VERB
taxlaw-6680	528	52	a	a	DET
taxlaw-6680	528	53	general	general	ADJ
taxlaw-6680	528	54	partnership	partnership	NOUN
taxlaw-6680	528	55	.	.	PUNCT
taxlaw-6680	529	1	the	the	DET
taxlaw-6680	529	2	partnership	partnership	NOUN
taxlaw-6680	529	3	maintains	maintain	VERB
taxlaw-6680	529	4	no	no	DET
taxlaw-6680	529	5	capital	capital	NOUN
taxlaw-6680	529	6	accounts	account	NOUN
taxlaw-6680	529	7	(	(	PUNCT
taxlaw-6680	529	8	thus	thus	ADV
taxlaw-6680	529	9	does	do	AUX
taxlaw-6680	529	10	not	not	PART
taxlaw-6680	529	11	satisfy	satisfy	VERB
taxlaw-6680	529	12	the	the	DET
taxlaw-6680	529	13	primary	primary	ADJ
taxlaw-6680	529	14	test	test	NOUN
taxlaw-6680	529	15	)	)	PUNCT
taxlaw-6680	529	16	and	and	CCONJ
taxlaw-6680	529	17	the	the	DET
taxlaw-6680	529	18	partnership	partnership	NOUN
taxlaw-6680	529	19	agreement	agreement	NOUN
taxlaw-6680	529	20	provides	provide	VERB
taxlaw-6680	529	21	that	that	SCONJ
taxlaw-6680	529	22	all	all	DET
taxlaw-6680	529	23	income	income	NOUN
taxlaw-6680	529	24	,	,	PUNCT
taxlaw-6680	529	25	gain	gain	NOUN
taxlaw-6680	529	26	,	,	PUNCT
taxlaw-6680	529	27	loss	loss	NOUN
taxlaw-6680	529	28	,	,	PUNCT
taxlaw-6680	529	29	deduction	deduction	NOUN
taxlaw-6680	529	30	,	,	PUNCT
taxlaw-6680	529	31	and	and	CCONJ
taxlaw-6680	529	32	credit	credit	NOUN
taxlaw-6680	529	33	will	will	AUX
taxlaw-6680	529	34	be	be	AUX
taxlaw-6680	529	35	allocated	allocate	VERB
taxlaw-6680	529	36	75	75	NUM
taxlaw-6680	529	37	percent	percent	NOUN
taxlaw-6680	529	38	to	to	ADP
taxlaw-6680	529	39	g	g	PROPN
taxlaw-6680	529	40	and	and	CCONJ
taxlaw-6680	529	41	25	25	NUM
taxlaw-6680	529	42	percent	percent	NOUN
taxlaw-6680	529	43	to	to	ADP
taxlaw-6680	529	44	h.	h.	PROPN
taxlaw-6680	529	45	in	in	ADP
taxlaw-6680	529	46	addition	addition	NOUN
taxlaw-6680	529	47	,	,	PUNCT
taxlaw-6680	529	48	g	g	PROPN
taxlaw-6680	529	49	and	and	CCONJ
taxlaw-6680	529	50	h	h	NOUN
taxlaw-6680	529	51	are	be	AUX
taxlaw-6680	529	52	ultimately	ultimately	ADV
taxlaw-6680	529	53	liable	liable	ADJ
taxlaw-6680	529	54	(	(	PUNCT
taxlaw-6680	529	55	under	under	ADP
taxlaw-6680	529	56	a	a	DET
taxlaw-6680	529	57	state	state	NOUN
taxlaw-6680	529	58	law	law	NOUN
taxlaw-6680	529	59	right	right	NOUN
taxlaw-6680	529	60	of	of	ADP
taxlaw-6680	529	61	contribution	contribution	NOUN
taxlaw-6680	529	62	)	)	PUNCT
taxlaw-6680	529	63	for	for	ADP
taxlaw-6680	529	64	75	75	NUM
taxlaw-6680	529	65	percent	percent	NOUN
taxlaw-6680	529	66	and	and	CCONJ
taxlaw-6680	529	67	25	25	NUM
taxlaw-6680	529	68	percent	percent	NOUN
taxlaw-6680	529	69	,	,	PUNCT
taxlaw-6680	529	70	respectively	respectively	ADV
taxlaw-6680	529	71	,	,	PUNCT
taxlaw-6680	529	72	of	of	ADP
taxlaw-6680	529	73	any	any	DET
taxlaw-6680	529	74	debts	debt	NOUN
taxlaw-6680	529	75	of	of	ADP
taxlaw-6680	529	76	the	the	DET
taxlaw-6680	529	77	partnership	partnership	NOUN
taxlaw-6680	529	78	.	.	PUNCT
taxlaw-6680	530	1	in	in	ADP
taxlaw-6680	530	2	other	other	ADJ
taxlaw-6680	530	3	words	word	NOUN
taxlaw-6680	530	4	,	,	PUNCT
taxlaw-6680	530	5	the	the	DET
taxlaw-6680	530	6	state	state	NOUN
taxlaw-6680	530	7	law	law	NOUN
taxlaw-6680	530	8	right	right	ADV
taxlaw-6680	530	9	of	of	ADP
taxlaw-6680	530	10	contribution	contribution	NOUN
taxlaw-6680	530	11	has	have	VERB
taxlaw-6680	530	12	the	the	DET
taxlaw-6680	530	13	same	same	ADJ
taxlaw-6680	530	14	effect	effect	NOUN
taxlaw-6680	530	15	as	as	ADP
taxlaw-6680	530	16	an	an	DET
taxlaw-6680	530	17	unlimited	unlimited	ADJ
taxlaw-6680	530	18	dro	dro	PROPN
taxlaw-6680	530	19	.	.	PUNCT
taxlaw-6680	531	1	neither	neither	DET
taxlaw-6680	531	2	partner	partner	NOUN
taxlaw-6680	531	3	has	have	VERB
taxlaw-6680	531	4	any	any	DET
taxlaw-6680	531	5	dro	dro	PROPN
taxlaw-6680	531	6	.	.	PUNCT
taxlaw-6680	532	1	the	the	DET
taxlaw-6680	532	2	regulations	regulation	NOUN
taxlaw-6680	532	3	state	state	VERB
taxlaw-6680	532	4	that	that	SCONJ
taxlaw-6680	532	5	,	,	PUNCT
taxlaw-6680	532	6	under	under	ADP
taxlaw-6680	532	7	these	these	DET
taxlaw-6680	532	8	circumstances	circumstance	NOUN
taxlaw-6680	532	9	,	,	PUNCT
taxlaw-6680	532	10	the	the	DET
taxlaw-6680	532	11	allocation	allocation	NOUN
taxlaw-6680	532	12	of	of	ADP
taxlaw-6680	532	13	all	all	DET
taxlaw-6680	532	14	partnership	partnership	NOUN
taxlaw-6680	532	15	items	item	NOUN
taxlaw-6680	532	16	in	in	ADP
taxlaw-6680	532	17	75/25	75/25	NUM
taxlaw-6680	532	18	ratio	ratio	NOUN
taxlaw-6680	532	19	has	have	AUX
taxlaw-6680	532	20	economic	economic	ADJ
taxlaw-6680	532	21	effect	effect	NOUN
taxlaw-6680	532	22	equivalence.96	equivalence.96	VERB
taxlaw-6680	532	23	the	the	DET
taxlaw-6680	532	24	rationale	rationale	NOUN
taxlaw-6680	532	25	is	be	AUX
taxlaw-6680	532	26	an	an	DET
taxlaw-6680	532	27	implied	imply	VERB
taxlaw-6680	532	28	four	four	NUM
taxlaw-6680	532	29	-	-	PUNCT
taxlaw-6680	532	30	part	part	NOUN
taxlaw-6680	532	31	analysis	analysis	NOUN
taxlaw-6680	532	32	.	.	PUNCT
taxlaw-6680	533	1	first	first	ADV
taxlaw-6680	533	2	,	,	PUNCT
taxlaw-6680	533	3	the	the	DET
taxlaw-6680	533	4	partnership	partnership	NOUN
taxlaw-6680	533	5	agreement	agreement	NOUN
taxlaw-6680	533	6	,	,	PUNCT
taxlaw-6680	533	7	combined	combine	VERB
taxlaw-6680	533	8	with	with	ADP
taxlaw-6680	533	9	the	the	DET
taxlaw-6680	533	10	state	state	NOUN
taxlaw-6680	533	11	law	law	NOUN
taxlaw-6680	533	12	right	right	NOUN
taxlaw-6680	533	13	of	of	ADP
taxlaw-6680	533	14	contribution	contribution	NOUN
taxlaw-6680	533	15	,	,	PUNCT
taxlaw-6680	533	16	essentially	essentially	ADV
taxlaw-6680	533	17	provides	provide	VERB
taxlaw-6680	533	18	that	that	SCONJ
taxlaw-6680	533	19	g	g	PROPN
taxlaw-6680	533	20	and	and	CCONJ
taxlaw-6680	533	21	h	h	NOUN
taxlaw-6680	533	22	will	will	AUX
taxlaw-6680	533	23	share	share	VERB
taxlaw-6680	533	24	partnership	partnership	NOUN
taxlaw-6680	533	25	net	net	ADJ
taxlaw-6680	533	26	assets	asset	NOUN
taxlaw-6680	533	27	75/25	75/25	NUM
taxlaw-6680	533	28	in	in	ADP
taxlaw-6680	533	29	a	a	DET
taxlaw-6680	533	30	liquidation	liquidation	NOUN
taxlaw-6680	533	31	,	,	PUNCT
taxlaw-6680	533	32	equal	equal	ADJ
taxlaw-6680	533	33	to	to	ADP
taxlaw-6680	533	34	the	the	DET
taxlaw-6680	533	35	ratio	ratio	NOUN
taxlaw-6680	533	36	of	of	ADP
taxlaw-6680	533	37	their	their	PRON
taxlaw-6680	533	38	original	original	ADJ
taxlaw-6680	533	39	capital	capital	NOUN
taxlaw-6680	533	40	contributions	contribution	NOUN
taxlaw-6680	533	41	.	.	PUNCT
taxlaw-6680	534	1	second	second	ADJ
taxlaw-6680	534	2	,	,	PUNCT
taxlaw-6680	534	3	the	the	DET
taxlaw-6680	534	4	partnership	partnership	NOUN
taxlaw-6680	534	5	agreement	agreement	NOUN
taxlaw-6680	534	6	explicitly	explicitly	ADV
taxlaw-6680	534	7	provides	provide	VERB
taxlaw-6680	534	8	for	for	ADP
taxlaw-6680	534	9	an	an	DET
taxlaw-6680	534	10	allocation	allocation	NOUN
taxlaw-6680	534	11	of	of	ADP
taxlaw-6680	534	12	all	all	DET
taxlaw-6680	534	13	partnership	partnership	NOUN
taxlaw-6680	534	14	items	item	NOUN
taxlaw-6680	534	15	75/25	75/25	NUM
taxlaw-6680	534	16	to	to	ADP
taxlaw-6680	534	17	g	g	NOUN
taxlaw-6680	534	18	and	and	CCONJ
taxlaw-6680	534	19	h	h	NOUN
taxlaw-6680	534	20	,	,	PUNCT
taxlaw-6680	534	21	respectively	respectively	ADV
taxlaw-6680	534	22	.	.	PUNCT
taxlaw-6680	535	1	third	third	ADJ
taxlaw-6680	535	2	and	and	CCONJ
taxlaw-6680	535	3	fourth	fourth	ADJ
taxlaw-6680	535	4	,	,	PUNCT
taxlaw-6680	535	5	at	at	ADP
taxlaw-6680	535	6	the	the	DET
taxlaw-6680	535	7	time	time	NOUN
taxlaw-6680	535	8	of	of	ADP
taxlaw-6680	535	9	a	a	DET
taxlaw-6680	535	10	current	current	ADJ
taxlaw-6680	535	11	or	or	CCONJ
taxlaw-6680	535	12	future	future	ADJ
taxlaw-6680	535	13	liquidation	liquidation	NOUN
taxlaw-6680	535	14	,	,	PUNCT
taxlaw-6680	535	15	g	g	PROPN
taxlaw-6680	535	16	’s	’s	PART
taxlaw-6680	535	17	and	and	CCONJ
taxlaw-6680	535	18	h	h	NOUN
taxlaw-6680	535	19	’s	’s	ADJ
taxlaw-6680	535	20	economic	economic	ADJ
taxlaw-6680	535	21	entitlements	entitlement	NOUN
taxlaw-6680	535	22	would	would	AUX
taxlaw-6680	535	23	be	be	AUX
taxlaw-6680	535	24	the	the	DET
taxlaw-6680	535	25	same	same	ADJ
taxlaw-6680	535	26	as	as	SCONJ
taxlaw-6680	535	27	if	if	SCONJ
taxlaw-6680	535	28	they	they	PRON
taxlaw-6680	535	29	started	start	VERB
taxlaw-6680	535	30	with	with	ADP
taxlaw-6680	535	31	capital	capital	NOUN
taxlaw-6680	535	32	account	account	NOUN
taxlaw-6680	535	33	balances	balance	NOUN
taxlaw-6680	535	34	of	of	ADP
taxlaw-6680	535	35	$	$	SYM
taxlaw-6680	535	36	75,000	75,000	NUM
taxlaw-6680	535	37	and	and	CCONJ
taxlaw-6680	535	38	$	$	SYM
taxlaw-6680	535	39	25,000	25,000	NUM
taxlaw-6680	535	40	,	,	PUNCT
taxlaw-6680	535	41	respectively	respectively	ADV
taxlaw-6680	535	42	,	,	PUNCT
taxlaw-6680	535	43	and	and	CCONJ
taxlaw-6680	535	44	such	such	ADJ
taxlaw-6680	535	45	balances	balance	NOUN
taxlaw-6680	535	46	are	be	AUX
taxlaw-6680	535	47	increased	increase	VERB
taxlaw-6680	535	48	by	by	ADP
taxlaw-6680	535	49	partnership	partnership	NOUN
taxlaw-6680	535	50	income	income	NOUN
taxlaw-6680	535	51	or	or	CCONJ
taxlaw-6680	535	52	gain	gain	VERB
taxlaw-6680	535	53	and	and	CCONJ
taxlaw-6680	535	54	decreased	decrease	VERB
taxlaw-6680	535	55	by	by	ADP
taxlaw-6680	535	56	partnership	partnership	NOUN
taxlaw-6680	535	57	loss	loss	NOUN
taxlaw-6680	535	58	,	,	PUNCT
taxlaw-6680	535	59	deduction	deduction	NOUN
taxlaw-6680	535	60	,	,	PUNCT
taxlaw-6680	535	61	or	or	CCONJ
taxlaw-6680	535	62	credit	credit	NOUN
taxlaw-6680	535	63	in	in	ADP
taxlaw-6680	535	64	a	a	DET
taxlaw-6680	535	65	75/25	75/25	NUM
taxlaw-6680	535	66	ratio	ratio	NOUN
taxlaw-6680	535	67	of	of	ADP
taxlaw-6680	535	68	such	such	ADJ
taxlaw-6680	535	69	items	item	NOUN
taxlaw-6680	535	70	,	,	PUNCT
taxlaw-6680	535	71	respectively.97	respectively.97	NOUN
taxlaw-6680	535	72	if	if	SCONJ
taxlaw-6680	535	73	such	such	ADJ
taxlaw-6680	535	74	balances	balance	NOUN
taxlaw-6680	535	75	are	be	AUX
taxlaw-6680	535	76	positive	positive	ADJ
taxlaw-6680	535	77	at	at	ADP
taxlaw-6680	535	78	liquidation	liquidation	NOUN
taxlaw-6680	535	79	and	and	CCONJ
taxlaw-6680	535	80	,	,	PUNCT
taxlaw-6680	535	81	assuming	assume	VERB
taxlaw-6680	535	82	liquidating	liquidating	NOUN
taxlaw-6680	535	83	distributions	distribution	NOUN
taxlaw-6680	535	84	are	be	AUX
taxlaw-6680	535	85	made	make	VERB
taxlaw-6680	535	86	according	accord	VERB
taxlaw-6680	535	87	to	to	ADP
taxlaw-6680	535	88	capital	capital	NOUN
taxlaw-6680	535	89	account	account	NOUN
taxlaw-6680	535	90	balances	balance	NOUN
taxlaw-6680	535	91	,	,	PUNCT
taxlaw-6680	535	92	g	g	PROPN
taxlaw-6680	535	93	and	and	CCONJ
taxlaw-6680	535	94	h	h	NOUN
taxlaw-6680	535	95	will	will	AUX
taxlaw-6680	535	96	certainly	certainly	ADV
taxlaw-6680	535	97	receive	receive	VERB
taxlaw-6680	535	98	partnership	partnership	NOUN
taxlaw-6680	535	99	net	net	ADJ
taxlaw-6680	535	100	assets	asset	NOUN
taxlaw-6680	535	101	in	in	ADP
taxlaw-6680	535	102	a	a	DET
taxlaw-6680	535	103	75/25	75/25	NUM
taxlaw-6680	535	104	ratio	ratio	NOUN
taxlaw-6680	535	105	,	,	PUNCT
taxlaw-6680	535	106	the	the	DET
taxlaw-6680	535	107	same	same	ADJ
taxlaw-6680	535	108	result	result	NOUN
taxlaw-6680	535	109	as	as	ADP
taxlaw-6680	535	110	under	under	ADP
taxlaw-6680	535	111	the	the	DET
taxlaw-6680	535	112	partnership	partnership	NOUN
taxlaw-6680	535	113	agreement.98	agreement.98	ADV
taxlaw-6680	535	114	if	if	SCONJ
taxlaw-6680	535	115	such	such	ADJ
taxlaw-6680	535	116	balances	balance	NOUN
taxlaw-6680	535	117	are	be	AUX
taxlaw-6680	535	118	negative	negative	ADJ
taxlaw-6680	535	119	at	at	ADP
taxlaw-6680	535	120	such	such	ADJ
taxlaw-6680	535	121	time	time	NOUN
taxlaw-6680	535	122	and	and	CCONJ
taxlaw-6680	535	123	,	,	PUNCT
taxlaw-6680	535	124	since	since	SCONJ
taxlaw-6680	535	125	the	the	DET
taxlaw-6680	535	126	state	state	NOUN
taxlaw-6680	535	127	law	law	NOUN
taxlaw-6680	535	128	right	right	ADV
taxlaw-6680	535	129	of	of	ADP
taxlaw-6680	535	130	contribution	contribution	NOUN
taxlaw-6680	535	131	has	have	VERB
taxlaw-6680	535	132	the	the	DET
taxlaw-6680	535	133	same	same	ADJ
taxlaw-6680	535	134	effect	effect	NOUN
taxlaw-6680	535	135	as	as	ADP
taxlaw-6680	535	136	an	an	DET
taxlaw-6680	535	137	unlimited	unlimited	ADJ
taxlaw-6680	535	138	dro	dro	NOUN
taxlaw-6680	536	1	,	,	PUNCT
taxlaw-6680	536	2	each	each	DET
taxlaw-6680	536	3	partner	partner	NOUN
taxlaw-6680	536	4	has	have	AUX
taxlaw-6680	536	5	satisfied	satisfied	ADJ
taxlaw-6680	536	6	partnership	partnership	NOUN
taxlaw-6680	536	7	liabilities	liability	NOUN
taxlaw-6680	536	8	to	to	ADP
taxlaw-6680	536	9	the	the	DET
taxlaw-6680	536	10	extent	extent	NOUN
taxlaw-6680	536	11	of	of	ADP
taxlaw-6680	536	12	partnership	partnership	NOUN
taxlaw-6680	536	13	assets	asset	NOUN
taxlaw-6680	536	14	in	in	ADP
taxlaw-6680	536	15	a	a	DET
taxlaw-6680	536	16	75/25	75/25	NUM
taxlaw-6680	536	17	ratio	ratio	NOUN
taxlaw-6680	536	18	,	,	PUNCT
taxlaw-6680	536	19	using	use	VERB
taxlaw-6680	536	20	their	their	PRON
taxlaw-6680	536	21	respective	respective	ADJ
taxlaw-6680	536	22	shares	share	NOUN
taxlaw-6680	536	23	of	of	ADP
taxlaw-6680	536	24	partnership	partnership	NOUN
taxlaw-6680	536	25	assets	asset	NOUN
taxlaw-6680	536	26	,	,	PUNCT
taxlaw-6680	536	27	and	and	CCONJ
taxlaw-6680	536	28	is	be	AUX
taxlaw-6680	536	29	obligated	obligate	VERB
taxlaw-6680	536	30	to	to	PART
taxlaw-6680	536	31	satisfy	satisfy	VERB
taxlaw-6680	536	32	the	the	DET
taxlaw-6680	536	33	remaining	remain	VERB
taxlaw-6680	536	34	liabilities	liability	NOUN
taxlaw-6680	536	35	in	in	ADP
taxlaw-6680	536	36	a	a	DET
taxlaw-6680	536	37	75/25	75/25	NUM
taxlaw-6680	536	38	ratio	ratio	NOUN
taxlaw-6680	536	39	under	under	ADP
taxlaw-6680	536	40	the	the	DET
taxlaw-6680	536	41	unlimited	unlimited	ADJ
taxlaw-6680	536	42	dro	dro	PROPN
taxlaw-6680	536	43	.	.	PUNCT
taxlaw-6680	537	1	this	this	DET
taxlaw-6680	537	2	result	result	NOUN
taxlaw-6680	537	3	is	be	AUX
taxlaw-6680	537	4	the	the	DET
taxlaw-6680	537	5	same	same	ADJ
taxlaw-6680	537	6	as	as	ADP
taxlaw-6680	537	7	that	that	PRON
taxlaw-6680	537	8	under	under	ADP
taxlaw-6680	537	9	the	the	DET
taxlaw-6680	537	10	partnership	partnership	NOUN
taxlaw-6680	537	11	agreement	agreement	NOUN
taxlaw-6680	537	12	.	.	PUNCT
taxlaw-6680	538	1	thus	thus	ADV
taxlaw-6680	538	2	,	,	PUNCT
taxlaw-6680	538	3	regardless	regardless	ADV
taxlaw-6680	538	4	of	of	ADP
taxlaw-6680	538	5	the	the	DET
taxlaw-6680	538	6	partnership	partnership	NOUN
taxlaw-6680	538	7	’s	’s	PART
taxlaw-6680	538	8	economic	economic	ADJ
taxlaw-6680	538	9	performance	performance	NOUN
taxlaw-6680	538	10	,	,	PUNCT
taxlaw-6680	538	11	i.e.	i.e.	X
taxlaw-6680	538	12	,	,	PUNCT
taxlaw-6680	538	13	regardless	regardless	ADV
taxlaw-6680	538	14	of	of	ADP
taxlaw-6680	538	15	how	how	SCONJ
taxlaw-6680	538	16	well	well	ADV
taxlaw-6680	538	17	that	that	DET
taxlaw-6680	538	18	partnership	partnership	NOUN
taxlaw-6680	538	19	’s	’s	PART
taxlaw-6680	538	20	business	business	NOUN
taxlaw-6680	538	21	goes	go	VERB
taxlaw-6680	538	22	,	,	PUNCT
taxlaw-6680	538	23	the	the	DET
taxlaw-6680	538	24	allocation	allocation	NOUN
taxlaw-6680	538	25	of	of	ADP
taxlaw-6680	538	26	all	all	DET
taxlaw-6680	538	27	partnership	partnership	NOUN
taxlaw-6680	538	28	items	item	NOUN
taxlaw-6680	538	29	in	in	ADP
taxlaw-6680	538	30	a	a	DET
taxlaw-6680	538	31	75/25	75/25	NUM
taxlaw-6680	538	32	ratio	ratio	NOUN
taxlaw-6680	538	33	produces	produce	VERB
taxlaw-6680	538	34	the	the	DET
taxlaw-6680	538	35	same	same	ADJ
taxlaw-6680	538	36	economic	economic	ADJ
taxlaw-6680	538	37	result	result	NOUN
taxlaw-6680	538	38	as	as	SCONJ
taxlaw-6680	538	39	if	if	SCONJ
taxlaw-6680	538	40	the	the	DET
taxlaw-6680	538	41	primary	primary	ADJ
taxlaw-6680	538	42	test	test	NOUN
taxlaw-6680	538	43	has	have	AUX
taxlaw-6680	538	44	always	always	ADV
taxlaw-6680	538	45	been	be	AUX
taxlaw-6680	538	46	satisfied	satisfied	ADJ
taxlaw-6680	538	47	,	,	PUNCT
taxlaw-6680	538	48	and	and	CCONJ
taxlaw-6680	538	49	it	it	PRON
taxlaw-6680	538	50	must	must	AUX
taxlaw-6680	538	51	have	have	VERB
taxlaw-6680	538	52	economic	economic	ADJ
taxlaw-6680	538	53	effect	effect	NOUN
taxlaw-6680	538	54	equivalence	equivalence	NOUN
taxlaw-6680	538	55	under	under	ADP
taxlaw-6680	538	56	the	the	DET
taxlaw-6680	538	57	regulations	regulation	NOUN
taxlaw-6680	538	58	.	.	PUNCT
taxlaw-6680	539	1	example	example	NOUN
taxlaw-6680	539	2	three	three	NUM
taxlaw-6680	539	3	g	g	NOUN
taxlaw-6680	539	4	and	and	CCONJ
taxlaw-6680	539	5	h	h	NOUN
taxlaw-6680	539	6	contribute	contribute	VERB
taxlaw-6680	539	7	$	$	SYM
taxlaw-6680	539	8	75,000	75,000	NUM
taxlaw-6680	539	9	and	and	CCONJ
taxlaw-6680	539	10	$	$	SYM
taxlaw-6680	539	11	25,000	25,000	NUM
taxlaw-6680	539	12	,	,	PUNCT
taxlaw-6680	539	13	respectively	respectively	ADV
taxlaw-6680	539	14	,	,	PUNCT
taxlaw-6680	539	15	to	to	PART
taxlaw-6680	539	16	form	form	VERB
taxlaw-6680	539	17	a	a	DET
taxlaw-6680	539	18	general	general	ADJ
taxlaw-6680	539	19	partnership	partnership	NOUN
taxlaw-6680	539	20	.	.	PUNCT
taxlaw-6680	540	1	the	the	DET
taxlaw-6680	540	2	partnership	partnership	NOUN
taxlaw-6680	540	3	agreement	agreement	NOUN
taxlaw-6680	540	4	provides	provide	VERB
taxlaw-6680	540	5	that	that	SCONJ
taxlaw-6680	540	6	all	all	DET
taxlaw-6680	540	7	partnership	partnership	NOUN
taxlaw-6680	540	8	items	item	NOUN
taxlaw-6680	540	9	will	will	AUX
taxlaw-6680	540	10	be	be	AUX
taxlaw-6680	540	11	allocated	allocate	VERB
taxlaw-6680	540	12	equally	equally	ADV
taxlaw-6680	540	13	between	between	ADP
taxlaw-6680	540	14	the	the	DET
taxlaw-6680	540	15	partners	partner	NOUN
taxlaw-6680	540	16	,	,	PUNCT
taxlaw-6680	540	17	and	and	CCONJ
taxlaw-6680	540	18	that	that	SCONJ
taxlaw-6680	540	19	capital	capital	NOUN
taxlaw-6680	540	20	accounts	account	NOUN
taxlaw-6680	540	21	will	will	AUX
taxlaw-6680	540	22	be	be	AUX
taxlaw-6680	540	23	maintained	maintain	VERB
taxlaw-6680	540	24	as	as	ADP
taxlaw-6680	540	25	required	require	VERB
taxlaw-6680	540	26	by	by	ADP
taxlaw-6680	540	27	the	the	DET
taxlaw-6680	540	28	primary	primary	ADJ
taxlaw-6680	540	29	test	test	NOUN
taxlaw-6680	540	30	,	,	PUNCT
taxlaw-6680	540	31	but	but	CCONJ
taxlaw-6680	540	32	that	that	SCONJ
taxlaw-6680	540	33	all	all	DET
taxlaw-6680	540	34	partnership	partnership	NOUN
taxlaw-6680	540	35	distributions	distribution	NOUN
taxlaw-6680	540	36	will	will	AUX
taxlaw-6680	540	37	be	be	AUX
taxlaw-6680	540	38	made	make	VERB
taxlaw-6680	540	39	75	75	NUM
taxlaw-6680	540	40	percent	percent	NOUN
taxlaw-6680	540	41	to	to	ADP
taxlaw-6680	540	42	g	g	PROPN
taxlaw-6680	540	43	and	and	CCONJ
taxlaw-6680	540	44	25	25	NUM
taxlaw-6680	540	45	percent	percent	NOUN
taxlaw-6680	540	46	to	to	ADP
taxlaw-6680	540	47	h	h	NOUN
taxlaw-6680	540	48	regardless	regardless	ADV
taxlaw-6680	540	49	of	of	ADP
taxlaw-6680	540	50	capital	capital	NOUN
taxlaw-6680	540	51	account	account	NOUN
taxlaw-6680	540	52	balances	balance	NOUN
taxlaw-6680	540	53	.	.	PUNCT
taxlaw-6680	541	1	however	however	ADV
taxlaw-6680	541	2	,	,	PUNCT
taxlaw-6680	541	3	all	all	DET
taxlaw-6680	541	4	partners	partner	NOUN
taxlaw-6680	541	5	have	have	VERB
taxlaw-6680	541	6	an	an	DET
taxlaw-6680	541	7	unlimited	unlimited	ADJ
taxlaw-6680	541	8	dro.99	dro.99	AUX
taxlaw-6680	541	9	the	the	DET
taxlaw-6680	541	10	regulations	regulation	NOUN
taxlaw-6680	541	11	state	state	VERB
taxlaw-6680	541	12	that	that	SCONJ
taxlaw-6680	541	13	the	the	DET
taxlaw-6680	541	14	allocation	allocation	NOUN
taxlaw-6680	541	15	of	of	ADP
taxlaw-6680	541	16	all	all	DET
taxlaw-6680	541	17	partnership	partnership	NOUN
taxlaw-6680	541	18	items	item	NOUN
taxlaw-6680	541	19	equally	equally	ADV
taxlaw-6680	541	20	to	to	ADP
taxlaw-6680	541	21	g	g	PROPN
taxlaw-6680	541	22	and	and	CCONJ
taxlaw-6680	541	23	h	h	NOUN
taxlaw-6680	541	24	has	have	AUX
taxlaw-6680	541	25	economic	economic	ADJ
taxlaw-6680	541	26	95	95	NUM
taxlaw-6680	541	27	see	see	NOUN
taxlaw-6680	541	28	treas	treas	PROPN
taxlaw-6680	541	29	.	.	PUNCT
taxlaw-6680	542	1	reg	reg	PROPN
taxlaw-6680	542	2	.	.	PUNCT
taxlaw-6680	543	1	§	§	PROPN
taxlaw-6680	543	2	1.704–1(b)(5	1.704–1(b)(5	NUM
taxlaw-6680	543	3	)	)	PUNCT
taxlaw-6680	543	4	,	,	PUNCT
taxlaw-6680	543	5	ex	ex	X
taxlaw-6680	543	6	.	.	PUNCT
taxlaw-6680	543	7	(	(	PUNCT
taxlaw-6680	543	8	4)(i	4)(i	NUM
taxlaw-6680	543	9	)	)	PUNCT
taxlaw-6680	543	10	(	(	PUNCT
taxlaw-6680	543	11	iii	iii	NOUN
taxlaw-6680	543	12	)	)	PUNCT
taxlaw-6680	543	13	.	.	PUNCT
taxlaw-6680	544	1	96	96	NUM
taxlaw-6680	544	2	treas	trea	NOUN
taxlaw-6680	544	3	.	.	PUNCT
taxlaw-6680	545	1	reg	reg	PROPN
taxlaw-6680	545	2	.	.	PUNCT
taxlaw-6680	546	1	§	§	PROPN
taxlaw-6680	546	2	1.704–1(b)(5	1.704–1(b)(5	NUM
taxlaw-6680	546	3	)	)	PUNCT
taxlaw-6680	546	4	,	,	PUNCT
taxlaw-6680	546	5	ex	ex	X
taxlaw-6680	546	6	.	.	PUNCT
taxlaw-6680	546	7	(	(	PUNCT
taxlaw-6680	546	8	4)(ii	4)(ii	NUM
taxlaw-6680	546	9	)	)	PUNCT
taxlaw-6680	546	10	.	.	PUNCT
taxlaw-6680	547	1	97	97	NUM
taxlaw-6680	547	2	for	for	ADP
taxlaw-6680	547	3	rules	rule	NOUN
taxlaw-6680	547	4	governing	govern	VERB
taxlaw-6680	547	5	the	the	DET
taxlaw-6680	547	6	maintenance	maintenance	NOUN
taxlaw-6680	547	7	of	of	ADP
taxlaw-6680	547	8	capital	capital	NOUN
taxlaw-6680	547	9	accounts	account	NOUN
taxlaw-6680	547	10	,	,	PUNCT
taxlaw-6680	547	11	see	see	VERB
taxlaw-6680	547	12	generally	generally	ADV
taxlaw-6680	547	13	treas	treas	PROPN
taxlaw-6680	547	14	.	.	PUNCT
taxlaw-6680	548	1	reg	reg	PROPN
taxlaw-6680	548	2	.	.	PUNCT
taxlaw-6680	549	1	§	§	PROPN
taxlaw-6680	549	2	1.704–1(b)(2)(iv	1.704–1(b)(2)(iv	NUM
taxlaw-6680	549	3	)	)	PUNCT
taxlaw-6680	549	4	.	.	PUNCT
taxlaw-6680	550	1	98	98	NUM
taxlaw-6680	550	2	this	this	PRON
taxlaw-6680	550	3	is	be	AUX
taxlaw-6680	550	4	based	base	VERB
taxlaw-6680	550	5	on	on	ADP
taxlaw-6680	550	6	the	the	DET
taxlaw-6680	550	7	simple	simple	ADJ
taxlaw-6680	550	8	mathematical	mathematical	ADJ
taxlaw-6680	550	9	truth	truth	NOUN
taxlaw-6680	550	10	that	that	SCONJ
taxlaw-6680	550	11	(	(	PUNCT
taxlaw-6680	550	12	75,000	75,000	NUM
taxlaw-6680	550	13	+	+	NOUN
taxlaw-6680	550	14	0.75	0.75	NUM
taxlaw-6680	550	15	*	*	PUNCT
taxlaw-6680	550	16	x)/(25,000	x)/(25,000	PUNCT
taxlaw-6680	551	1	+	+	NUM
taxlaw-6680	551	2	0.25x	0.25x	NUM
taxlaw-6680	551	3	)	)	PUNCT
taxlaw-6680	551	4	,	,	PUNCT
taxlaw-6680	551	5	where	where	SCONJ
taxlaw-6680	551	6	x	x	PRON
taxlaw-6680	551	7	is	be	AUX
taxlaw-6680	551	8	any	any	DET
taxlaw-6680	551	9	rational	rational	ADJ
taxlaw-6680	551	10	number	number	NOUN
taxlaw-6680	551	11	,	,	PUNCT
taxlaw-6680	551	12	except	except	SCONJ
taxlaw-6680	551	13	the	the	DET
taxlaw-6680	551	14	value	value	NOUN
taxlaw-6680	551	15	of	of	ADP
taxlaw-6680	551	16	negative	negative	ADJ
taxlaw-6680	551	17	100,000	100,000	NUM
taxlaw-6680	551	18	to	to	PART
taxlaw-6680	551	19	prevent	prevent	VERB
taxlaw-6680	551	20	division	division	NOUN
taxlaw-6680	551	21	by	by	ADP
taxlaw-6680	551	22	zero	zero	NUM
taxlaw-6680	551	23	,	,	PUNCT
taxlaw-6680	551	24	is	be	AUX
taxlaw-6680	551	25	always	always	ADV
taxlaw-6680	551	26	equal	equal	ADJ
taxlaw-6680	551	27	to	to	ADP
taxlaw-6680	551	28	75/25	75/25	NUM
taxlaw-6680	551	29	.	.	PUNCT
taxlaw-6680	552	1	99	99	NUM
taxlaw-6680	552	2	see	see	VERB
taxlaw-6680	552	3	treas	treas	PROPN
taxlaw-6680	552	4	.	.	PUNCT
taxlaw-6680	553	1	reg	reg	PROPN
taxlaw-6680	553	2	.	.	PUNCT
taxlaw-6680	554	1	§	§	PROPN
taxlaw-6680	554	2	1.704	1.704	NUM
taxlaw-6680	554	3	-	-	NUM
taxlaw-6680	554	4	1(b)(5	1(b)(5	NUM
taxlaw-6680	554	5	)	)	PUNCT
taxlaw-6680	554	6	,	,	PUNCT
taxlaw-6680	554	7	ex	ex	X
taxlaw-6680	554	8	.	.	PUNCT
taxlaw-6680	554	9	(	(	PUNCT
taxlaw-6680	554	10	4)(iii	4)(iii	NOUN
taxlaw-6680	554	11	)	)	PUNCT
taxlaw-6680	554	12	.	.	PUNCT
taxlaw-6680	555	1	2019	2019	NUM
taxlaw-6680	555	2	]	]	PUNCT
taxlaw-6680	555	3	a	a	DET
taxlaw-6680	555	4	gain	gain	NOUN
taxlaw-6680	555	5	must	must	AUX
taxlaw-6680	555	6	lie	lie	VERB
taxlaw-6680	555	7	where	where	SCONJ
taxlaw-6680	555	8	it	it	PRON
taxlaw-6680	555	9	falls	fall	VERB
taxlaw-6680	555	10	:	:	PUNCT
taxlaw-6680	555	11	matching	match	VERB
taxlaw-6680	555	12	tax	tax	NOUN
taxlaw-6680	555	13	with	with	ADP
taxlaw-6680	555	14	economics	economic	NOUN
taxlaw-6680	555	15	in	in	ADP
taxlaw-6680	555	16	subchapter	subchapter	NOUN
taxlaw-6680	555	17	k	k	PROPN
taxlaw-6680	555	18	123	123	NUM
taxlaw-6680	555	19	effect	effect	NOUN
taxlaw-6680	555	20	equivalence	equivalence	NOUN
taxlaw-6680	555	21	,	,	PUNCT
taxlaw-6680	555	22	even	even	ADV
taxlaw-6680	555	23	if	if	SCONJ
taxlaw-6680	555	24	the	the	DET
taxlaw-6680	555	25	partnership	partnership	NOUN
taxlaw-6680	555	26	agreement	agreement	NOUN
taxlaw-6680	555	27	does	do	AUX
taxlaw-6680	555	28	n’t	not	PART
taxlaw-6680	555	29	require	require	VERB
taxlaw-6680	555	30	a	a	DET
taxlaw-6680	555	31	liquidating	liquidate	VERB
taxlaw-6680	555	32	distribution	distribution	NOUN
taxlaw-6680	555	33	to	to	PART
taxlaw-6680	555	34	be	be	AUX
taxlaw-6680	555	35	made	make	VERB
taxlaw-6680	555	36	according	accord	VERB
taxlaw-6680	555	37	to	to	ADP
taxlaw-6680	555	38	capital	capital	NOUN
taxlaw-6680	555	39	account	account	NOUN
taxlaw-6680	555	40	balances	balance	NOUN
taxlaw-6680	555	41	.	.	PUNCT
taxlaw-6680	556	1	the	the	DET
taxlaw-6680	556	2	rationale	rationale	NOUN
taxlaw-6680	556	3	,	,	PUNCT
taxlaw-6680	556	4	similar	similar	ADJ
taxlaw-6680	556	5	to	to	ADP
taxlaw-6680	556	6	that	that	PRON
taxlaw-6680	556	7	in	in	ADP
taxlaw-6680	556	8	example	example	NOUN
taxlaw-6680	556	9	two	two	NUM
taxlaw-6680	556	10	,	,	PUNCT
taxlaw-6680	556	11	is	be	AUX
taxlaw-6680	556	12	an	an	DET
taxlaw-6680	556	13	implied	imply	VERB
taxlaw-6680	556	14	four	four	NUM
taxlaw-6680	556	15	-	-	PUNCT
taxlaw-6680	556	16	part	part	NOUN
taxlaw-6680	556	17	analysis	analysis	NOUN
taxlaw-6680	556	18	.	.	PUNCT
taxlaw-6680	557	1	first	first	ADV
taxlaw-6680	557	2	,	,	PUNCT
taxlaw-6680	557	3	g	g	PROPN
taxlaw-6680	557	4	and	and	CCONJ
taxlaw-6680	557	5	h	h	NOUN
taxlaw-6680	557	6	’s	’s	ADJ
taxlaw-6680	557	7	economic	economic	ADJ
taxlaw-6680	557	8	arrangement	arrangement	NOUN
taxlaw-6680	557	9	under	under	ADP
taxlaw-6680	557	10	the	the	DET
taxlaw-6680	557	11	partnership	partnership	NOUN
taxlaw-6680	557	12	agreement	agreement	NOUN
taxlaw-6680	557	13	is	be	AUX
taxlaw-6680	557	14	to	to	PART
taxlaw-6680	557	15	recover	recover	VERB
taxlaw-6680	557	16	invested	invest	VERB
taxlaw-6680	557	17	capital	capital	NOUN
taxlaw-6680	557	18	(	(	PUNCT
taxlaw-6680	557	19	if	if	SCONJ
taxlaw-6680	557	20	possible	possible	ADJ
taxlaw-6680	557	21	)	)	PUNCT
taxlaw-6680	557	22	and	and	CCONJ
taxlaw-6680	557	23	to	to	PART
taxlaw-6680	557	24	share	share	VERB
taxlaw-6680	557	25	any	any	DET
taxlaw-6680	557	26	change	change	NOUN
taxlaw-6680	557	27	in	in	ADP
taxlaw-6680	557	28	partnership	partnership	NOUN
taxlaw-6680	557	29	net	net	ADJ
taxlaw-6680	557	30	assets	asset	NOUN
taxlaw-6680	557	31	equally	equally	ADV
taxlaw-6680	557	32	in	in	ADP
taxlaw-6680	557	33	liquidation.100	liquidation.100	INTJ
taxlaw-6680	557	34	second	second	ADJ
taxlaw-6680	557	35	,	,	PUNCT
taxlaw-6680	557	36	the	the	DET
taxlaw-6680	557	37	partnership	partnership	NOUN
taxlaw-6680	557	38	agreement	agreement	NOUN
taxlaw-6680	557	39	explicitly	explicitly	ADV
taxlaw-6680	557	40	provides	provide	VERB
taxlaw-6680	557	41	equal	equal	ADJ
taxlaw-6680	557	42	sharing	sharing	NOUN
taxlaw-6680	557	43	of	of	ADP
taxlaw-6680	557	44	all	all	DET
taxlaw-6680	557	45	partnership	partnership	NOUN
taxlaw-6680	557	46	items	item	NOUN
taxlaw-6680	557	47	.	.	PUNCT
taxlaw-6680	558	1	third	third	ADV
taxlaw-6680	558	2	,	,	PUNCT
taxlaw-6680	558	3	let	let	VERB
taxlaw-6680	558	4	x	x	PRON
taxlaw-6680	558	5	be	be	AUX
taxlaw-6680	558	6	the	the	DET
taxlaw-6680	558	7	change	change	NOUN
taxlaw-6680	558	8	in	in	ADP
taxlaw-6680	558	9	partnership	partnership	NOUN
taxlaw-6680	558	10	net	net	ADJ
taxlaw-6680	558	11	assets	asset	NOUN
taxlaw-6680	558	12	(	(	PUNCT
taxlaw-6680	558	13	without	without	ADP
taxlaw-6680	558	14	regard	regard	NOUN
taxlaw-6680	558	15	to	to	ADP
taxlaw-6680	558	16	any	any	DET
taxlaw-6680	558	17	withdrawal	withdrawal	NOUN
taxlaw-6680	558	18	or	or	CCONJ
taxlaw-6680	558	19	distribution	distribution	NOUN
taxlaw-6680	558	20	)	)	PUNCT
taxlaw-6680	558	21	from	from	ADP
taxlaw-6680	558	22	the	the	DET
taxlaw-6680	558	23	time	time	NOUN
taxlaw-6680	558	24	of	of	ADP
taxlaw-6680	558	25	partnership	partnership	NOUN
taxlaw-6680	558	26	formation	formation	NOUN
taxlaw-6680	558	27	to	to	ADP
taxlaw-6680	558	28	the	the	DET
taxlaw-6680	558	29	time	time	NOUN
taxlaw-6680	558	30	of	of	ADP
taxlaw-6680	558	31	liquidation	liquidation	NOUN
taxlaw-6680	558	32	.	.	PUNCT
taxlaw-6680	559	1	the	the	DET
taxlaw-6680	559	2	capital	capital	NOUN
taxlaw-6680	559	3	account	account	NOUN
taxlaw-6680	559	4	balances	balance	NOUN
taxlaw-6680	559	5	calculated	calculate	VERB
taxlaw-6680	559	6	in	in	ADP
taxlaw-6680	559	7	accordance	accordance	NOUN
taxlaw-6680	559	8	with	with	ADP
taxlaw-6680	559	9	the	the	DET
taxlaw-6680	559	10	regulations	regulation	NOUN
taxlaw-6680	559	11	are	be	AUX
taxlaw-6680	559	12	(	(	PUNCT
taxlaw-6680	559	13	75,000	75,000	NUM
taxlaw-6680	559	14	+	+	CCONJ
taxlaw-6680	559	15	0.5x	0.5x	NUM
taxlaw-6680	559	16	)	)	PUNCT
taxlaw-6680	559	17	for	for	ADP
taxlaw-6680	559	18	g	g	PROPN
taxlaw-6680	559	19	and	and	CCONJ
taxlaw-6680	559	20	(	(	PUNCT
taxlaw-6680	559	21	25,000	25,000	NUM
taxlaw-6680	559	22	+	+	NUM
taxlaw-6680	559	23	0.5x	0.5x	NUM
taxlaw-6680	559	24	)	)	PUNCT
taxlaw-6680	559	25	for	for	ADP
taxlaw-6680	559	26	h.	h.	PROPN
taxlaw-6680	559	27	fourth	fourth	PROPN
taxlaw-6680	559	28	,	,	PUNCT
taxlaw-6680	559	29	assuming	assume	VERB
taxlaw-6680	559	30	liquidating	liquidating	NOUN
taxlaw-6680	559	31	distributions	distribution	NOUN
taxlaw-6680	559	32	are	be	AUX
taxlaw-6680	559	33	made	make	VERB
taxlaw-6680	559	34	according	accord	VERB
taxlaw-6680	559	35	to	to	ADP
taxlaw-6680	559	36	capital	capital	NOUN
taxlaw-6680	559	37	account	account	NOUN
taxlaw-6680	559	38	balances	balance	NOUN
taxlaw-6680	559	39	and	and	CCONJ
taxlaw-6680	559	40	there	there	PRON
taxlaw-6680	559	41	is	be	VERB
taxlaw-6680	559	42	an	an	DET
taxlaw-6680	559	43	unlimited	unlimited	ADJ
taxlaw-6680	559	44	dro	dro	NOUN
taxlaw-6680	559	45	for	for	ADP
taxlaw-6680	559	46	each	each	DET
taxlaw-6680	559	47	partner	partner	NOUN
taxlaw-6680	559	48	,	,	PUNCT
taxlaw-6680	559	49	g	g	PROPN
taxlaw-6680	559	50	will	will	AUX
taxlaw-6680	559	51	receive	receive	VERB
taxlaw-6680	559	52	(	(	PUNCT
taxlaw-6680	559	53	or	or	CCONJ
taxlaw-6680	559	54	is	be	AUX
taxlaw-6680	559	55	obligated	obligate	VERB
taxlaw-6680	559	56	to	to	PART
taxlaw-6680	559	57	contribute	contribute	VERB
taxlaw-6680	559	58	)	)	PUNCT
taxlaw-6680	559	59	(	(	PUNCT
taxlaw-6680	559	60	75,000	75,000	NUM
taxlaw-6680	559	61	+	+	CCONJ
taxlaw-6680	559	62	0.5x	0.5x	NUM
taxlaw-6680	559	63	)	)	PUNCT
taxlaw-6680	559	64	,	,	PUNCT
taxlaw-6680	559	65	while	while	SCONJ
taxlaw-6680	559	66	h	h	NOUN
taxlaw-6680	559	67	will	will	AUX
taxlaw-6680	559	68	receive	receive	VERB
taxlaw-6680	559	69	(	(	PUNCT
taxlaw-6680	559	70	or	or	CCONJ
taxlaw-6680	559	71	is	be	AUX
taxlaw-6680	559	72	obligated	obligate	VERB
taxlaw-6680	559	73	to	to	PART
taxlaw-6680	559	74	contribute	contribute	VERB
taxlaw-6680	559	75	)	)	PUNCT
taxlaw-6680	559	76	(	(	PUNCT
taxlaw-6680	559	77	25,000	25,000	NUM
taxlaw-6680	559	78	+	+	CCONJ
taxlaw-6680	559	79	0.5x	0.5x	NUM
taxlaw-6680	559	80	)	)	PUNCT
taxlaw-6680	559	81	,	,	PUNCT
taxlaw-6680	559	82	which	which	PRON
taxlaw-6680	559	83	is	be	AUX
taxlaw-6680	559	84	the	the	DET
taxlaw-6680	559	85	same	same	ADJ
taxlaw-6680	559	86	as	as	ADP
taxlaw-6680	559	87	the	the	DET
taxlaw-6680	559	88	result	result	NOUN
taxlaw-6680	559	89	under	under	ADP
taxlaw-6680	559	90	the	the	DET
taxlaw-6680	559	91	partnership	partnership	NOUN
taxlaw-6680	559	92	agreement,101	agreement,101	PROPN
taxlaw-6680	559	93	regardless	regardless	ADV
taxlaw-6680	559	94	of	of	ADP
taxlaw-6680	559	95	the	the	DET
taxlaw-6680	559	96	partnership	partnership	NOUN
taxlaw-6680	559	97	’s	’s	PART
taxlaw-6680	559	98	economic	economic	ADJ
taxlaw-6680	559	99	performance	performance	NOUN
taxlaw-6680	559	100	,	,	PUNCT
taxlaw-6680	559	101	i.e.	i.e.	X
taxlaw-6680	559	102	,	,	PUNCT
taxlaw-6680	559	103	regardless	regardless	ADV
taxlaw-6680	559	104	of	of	ADP
taxlaw-6680	559	105	the	the	DET
taxlaw-6680	559	106	value	value	NOUN
taxlaw-6680	559	107	of	of	ADP
taxlaw-6680	559	108	x.	x.	NOUN
taxlaw-6680	559	109	thus	thus	ADV
taxlaw-6680	559	110	,	,	PUNCT
taxlaw-6680	559	111	the	the	DET
taxlaw-6680	559	112	allocation	allocation	NOUN
taxlaw-6680	559	113	of	of	ADP
taxlaw-6680	559	114	all	all	DET
taxlaw-6680	559	115	partnership	partnership	NOUN
taxlaw-6680	559	116	items	item	NOUN
taxlaw-6680	559	117	equally	equally	ADV
taxlaw-6680	559	118	between	between	ADP
taxlaw-6680	559	119	g	g	PROPN
taxlaw-6680	559	120	and	and	CCONJ
taxlaw-6680	559	121	h	h	NOUN
taxlaw-6680	559	122	must	must	AUX
taxlaw-6680	559	123	have	have	VERB
taxlaw-6680	559	124	economic	economic	ADJ
taxlaw-6680	559	125	effect	effect	NOUN
taxlaw-6680	559	126	equivalence	equivalence	NOUN
taxlaw-6680	559	127	.	.	PUNCT
taxlaw-6680	560	1	2	2	X
taxlaw-6680	560	2	.	.	PUNCT
taxlaw-6680	560	3	“	"	PUNCT
taxlaw-6680	560	4	regardless	regardless	ADV
taxlaw-6680	560	5	of	of	ADP
taxlaw-6680	560	6	the	the	DET
taxlaw-6680	560	7	economic	economic	ADJ
taxlaw-6680	560	8	performance	performance	NOUN
taxlaw-6680	560	9	of	of	ADP
taxlaw-6680	560	10	the	the	DET
taxlaw-6680	560	11	partnership	partnership	NOUN
taxlaw-6680	560	12	”	"	PUNCT
taxlaw-6680	560	13	—	—	PUNCT
taxlaw-6680	560	14	what	what	PRON
taxlaw-6680	560	15	does	do	AUX
taxlaw-6680	560	16	it	it	PRON
taxlaw-6680	560	17	mean	mean	VERB
taxlaw-6680	560	18	?	?	PUNCT
taxlaw-6680	561	1	a	a	DET
taxlaw-6680	561	2	threshold	threshold	NOUN
taxlaw-6680	561	3	question	question	NOUN
taxlaw-6680	561	4	in	in	ADP
taxlaw-6680	561	5	the	the	DET
taxlaw-6680	561	6	application	application	NOUN
taxlaw-6680	561	7	of	of	ADP
taxlaw-6680	561	8	the	the	DET
taxlaw-6680	561	9	eee	eee	NOUN
taxlaw-6680	561	10	test	test	NOUN
taxlaw-6680	561	11	is	be	AUX
taxlaw-6680	561	12	how	how	SCONJ
taxlaw-6680	561	13	broadly	broadly	ADV
taxlaw-6680	561	14	to	to	PART
taxlaw-6680	561	15	interpret	interpret	VERB
taxlaw-6680	561	16	the	the	DET
taxlaw-6680	561	17	phrase	phrase	NOUN
taxlaw-6680	561	18	“	"	PUNCT
taxlaw-6680	561	19	regardless	regardless	ADV
taxlaw-6680	561	20	of	of	ADP
taxlaw-6680	561	21	the	the	DET
taxlaw-6680	561	22	economic	economic	ADJ
taxlaw-6680	561	23	performance	performance	NOUN
taxlaw-6680	561	24	of	of	ADP
taxlaw-6680	561	25	the	the	DET
taxlaw-6680	561	26	partnership	partnership	NOUN
taxlaw-6680	561	27	.	.	PUNCT
taxlaw-6680	561	28	”102	”102	PUNCT
taxlaw-6680	562	1	there	there	PRON
taxlaw-6680	562	2	are	be	VERB
taxlaw-6680	562	3	three	three	NUM
taxlaw-6680	562	4	possible	possible	ADJ
taxlaw-6680	562	5	interpretations	interpretation	NOUN
taxlaw-6680	562	6	,	,	PUNCT
taxlaw-6680	562	7	varying	vary	VERB
taxlaw-6680	562	8	based	base	VERB
taxlaw-6680	562	9	on	on	ADP
taxlaw-6680	562	10	which	which	PRON
taxlaw-6680	562	11	economic	economic	ADJ
taxlaw-6680	562	12	activities	activity	NOUN
taxlaw-6680	562	13	and	and	CCONJ
taxlaw-6680	562	14	which	which	PRON
taxlaw-6680	562	15	outcomes	outcome	NOUN
taxlaw-6680	562	16	of	of	ADP
taxlaw-6680	562	17	economic	economic	ADJ
taxlaw-6680	562	18	activities	activity	NOUN
taxlaw-6680	562	19	are	be	AUX
taxlaw-6680	562	20	considered	consider	VERB
taxlaw-6680	562	21	when	when	SCONJ
taxlaw-6680	562	22	determining	determine	VERB
taxlaw-6680	562	23	the	the	DET
taxlaw-6680	562	24	results	result	NOUN
taxlaw-6680	562	25	of	of	ADP
taxlaw-6680	562	26	a	a	DET
taxlaw-6680	562	27	hypothetical	hypothetical	ADJ
taxlaw-6680	562	28	liquidation	liquidation	NOUN
taxlaw-6680	562	29	.	.	PUNCT
taxlaw-6680	563	1	first	first	ADV
taxlaw-6680	563	2	,	,	PUNCT
taxlaw-6680	563	3	a	a	DET
taxlaw-6680	563	4	strict	strict	ADJ
taxlaw-6680	563	5	interpretation	interpretation	NOUN
taxlaw-6680	563	6	would	would	AUX
taxlaw-6680	563	7	interpret	interpret	VERB
taxlaw-6680	563	8	the	the	DET
taxlaw-6680	563	9	words	word	NOUN
taxlaw-6680	563	10	“	"	PUNCT
taxlaw-6680	563	11	economic	economic	ADJ
taxlaw-6680	563	12	performance	performance	NOUN
taxlaw-6680	563	13	”	"	PUNCT
taxlaw-6680	563	14	in	in	ADP
taxlaw-6680	563	15	the	the	DET
taxlaw-6680	563	16	broadest	broad	ADJ
taxlaw-6680	563	17	sense	sense	NOUN
taxlaw-6680	563	18	and	and	CCONJ
taxlaw-6680	563	19	assume	assume	VERB
taxlaw-6680	563	20	that	that	SCONJ
taxlaw-6680	563	21	it	it	PRON
taxlaw-6680	563	22	covers	cover	VERB
taxlaw-6680	563	23	all	all	DET
taxlaw-6680	563	24	logically	logically	ADV
taxlaw-6680	563	25	possible	possible	ADJ
taxlaw-6680	563	26	economic	economic	ADJ
taxlaw-6680	563	27	results	result	NOUN
taxlaw-6680	563	28	of	of	ADP
taxlaw-6680	563	29	the	the	DET
taxlaw-6680	563	30	partnership	partnership	NOUN
taxlaw-6680	563	31	.	.	PUNCT
taxlaw-6680	564	1	this	this	DET
taxlaw-6680	564	2	interpretation	interpretation	NOUN
taxlaw-6680	564	3	would	would	AUX
taxlaw-6680	564	4	require	require	VERB
taxlaw-6680	564	5	the	the	DET
taxlaw-6680	564	6	liquidation	liquidation	NOUN
taxlaw-6680	564	7	result	result	NOUN
taxlaw-6680	564	8	under	under	ADP
taxlaw-6680	564	9	the	the	DET
taxlaw-6680	564	10	partnership	partnership	NOUN
taxlaw-6680	564	11	agreement	agreement	NOUN
taxlaw-6680	564	12	to	to	PART
taxlaw-6680	564	13	match	match	VERB
taxlaw-6680	564	14	the	the	DET
taxlaw-6680	564	15	result	result	NOUN
taxlaw-6680	564	16	under	under	ADP
taxlaw-6680	564	17	the	the	DET
taxlaw-6680	564	18	primary	primary	ADJ
taxlaw-6680	564	19	test	test	NOUN
taxlaw-6680	564	20	regardless	regardless	ADV
taxlaw-6680	564	21	of	of	ADP
taxlaw-6680	564	22	the	the	DET
taxlaw-6680	564	23	economic	economic	ADJ
taxlaw-6680	564	24	activities	activity	NOUN
taxlaw-6680	564	25	that	that	PRON
taxlaw-6680	564	26	the	the	DET
taxlaw-6680	564	27	partnership	partnership	NOUN
taxlaw-6680	564	28	can	can	AUX
taxlaw-6680	564	29	possibly	possibly	ADV
taxlaw-6680	564	30	engage	engage	VERB
taxlaw-6680	564	31	in	in	ADP
taxlaw-6680	564	32	and	and	CCONJ
taxlaw-6680	564	33	the	the	DET
taxlaw-6680	564	34	outcome	outcome	NOUN
taxlaw-6680	564	35	of	of	ADP
taxlaw-6680	564	36	such	such	ADJ
taxlaw-6680	564	37	activities	activity	NOUN
taxlaw-6680	564	38	.	.	PUNCT
taxlaw-6680	565	1	for	for	ADP
taxlaw-6680	565	2	example	example	NOUN
taxlaw-6680	565	3	,	,	PUNCT
taxlaw-6680	565	4	assume	assume	VERB
taxlaw-6680	565	5	a	a	PRON
taxlaw-6680	565	6	and	and	CCONJ
taxlaw-6680	565	7	b	b	NOUN
taxlaw-6680	565	8	each	each	PRON
taxlaw-6680	565	9	contribute	contribute	VERB
taxlaw-6680	565	10	$	$	SYM
taxlaw-6680	565	11	50x	50x	NUM
taxlaw-6680	565	12	cash	cash	NOUN
taxlaw-6680	565	13	to	to	PART
taxlaw-6680	565	14	form	form	VERB
taxlaw-6680	565	15	partnership	partnership	NOUN
taxlaw-6680	565	16	ab	ab	PROPN
taxlaw-6680	565	17	and	and	CCONJ
taxlaw-6680	565	18	agree	agree	VERB
taxlaw-6680	565	19	that	that	SCONJ
taxlaw-6680	565	20	all	all	DET
taxlaw-6680	565	21	partnership	partnership	NOUN
taxlaw-6680	565	22	items	item	NOUN
taxlaw-6680	565	23	will	will	AUX
taxlaw-6680	565	24	be	be	AUX
taxlaw-6680	565	25	allocated	allocate	VERB
taxlaw-6680	565	26	50/50	50/50	NUM
taxlaw-6680	565	27	.	.	PUNCT
taxlaw-6680	566	1	there	there	PRON
taxlaw-6680	566	2	is	be	VERB
taxlaw-6680	566	3	no	no	DET
taxlaw-6680	566	4	unlimited	unlimited	ADJ
taxlaw-6680	566	5	dro	dro	PROPN
taxlaw-6680	566	6	.	.	PUNCT
taxlaw-6680	567	1	under	under	ADP
taxlaw-6680	567	2	the	the	DET
taxlaw-6680	567	3	strict	strict	ADJ
taxlaw-6680	567	4	interpretation	interpretation	NOUN
taxlaw-6680	567	5	,	,	PUNCT
taxlaw-6680	567	6	the	the	DET
taxlaw-6680	567	7	eee	eee	NOUN
taxlaw-6680	567	8	test	test	NOUN
taxlaw-6680	567	9	is	be	AUX
taxlaw-6680	567	10	not	not	PART
taxlaw-6680	567	11	satisfied	satisfied	ADJ
taxlaw-6680	567	12	because	because	SCONJ
taxlaw-6680	567	13	,	,	PUNCT
taxlaw-6680	567	14	among	among	ADP
taxlaw-6680	567	15	other	other	ADJ
taxlaw-6680	567	16	reasons	reason	NOUN
taxlaw-6680	567	17	,	,	PUNCT
taxlaw-6680	567	18	it	it	PRON
taxlaw-6680	567	19	is	be	AUX
taxlaw-6680	567	20	possible	possible	ADJ
taxlaw-6680	567	21	that	that	SCONJ
taxlaw-6680	567	22	the	the	DET
taxlaw-6680	567	23	partnership	partnership	NOUN
taxlaw-6680	567	24	leverages	leverage	VERB
taxlaw-6680	567	25	100	100	NUM
taxlaw-6680	567	26	if	if	SCONJ
taxlaw-6680	567	27	this	this	PRON
taxlaw-6680	567	28	is	be	AUX
taxlaw-6680	567	29	not	not	PART
taxlaw-6680	567	30	obvious	obvious	ADJ
taxlaw-6680	567	31	,	,	PUNCT
taxlaw-6680	567	32	let	let	VERB
taxlaw-6680	567	33	x	x	PRON
taxlaw-6680	567	34	be	be	AUX
taxlaw-6680	567	35	the	the	DET
taxlaw-6680	567	36	change	change	NOUN
taxlaw-6680	567	37	in	in	ADP
taxlaw-6680	567	38	partnership	partnership	NOUN
taxlaw-6680	567	39	net	net	ADJ
taxlaw-6680	567	40	assets	asset	NOUN
taxlaw-6680	567	41	(	(	PUNCT
taxlaw-6680	567	42	without	without	ADP
taxlaw-6680	567	43	regard	regard	NOUN
taxlaw-6680	567	44	to	to	ADP
taxlaw-6680	567	45	any	any	DET
taxlaw-6680	567	46	withdrawal	withdrawal	NOUN
taxlaw-6680	567	47	or	or	CCONJ
taxlaw-6680	567	48	distribution	distribution	NOUN
taxlaw-6680	567	49	)	)	PUNCT
taxlaw-6680	567	50	from	from	ADP
taxlaw-6680	567	51	the	the	DET
taxlaw-6680	567	52	time	time	NOUN
taxlaw-6680	567	53	of	of	ADP
taxlaw-6680	567	54	partnership	partnership	NOUN
taxlaw-6680	567	55	formation	formation	NOUN
taxlaw-6680	567	56	to	to	ADP
taxlaw-6680	567	57	the	the	DET
taxlaw-6680	567	58	time	time	NOUN
taxlaw-6680	567	59	of	of	ADP
taxlaw-6680	567	60	liquidation	liquidation	NOUN
taxlaw-6680	567	61	.	.	PUNCT
taxlaw-6680	568	1	the	the	DET
taxlaw-6680	568	2	capital	capital	NOUN
taxlaw-6680	568	3	account	account	NOUN
taxlaw-6680	568	4	balances	balance	NOUN
taxlaw-6680	568	5	under	under	ADP
taxlaw-6680	568	6	the	the	DET
taxlaw-6680	568	7	partnership	partnership	NOUN
taxlaw-6680	568	8	agreement	agreement	NOUN
taxlaw-6680	568	9	are	be	AUX
taxlaw-6680	568	10	(	(	PUNCT
taxlaw-6680	568	11	75,000	75,000	NUM
taxlaw-6680	568	12	+	+	CCONJ
taxlaw-6680	568	13	0.5x	0.5x	NUM
taxlaw-6680	568	14	)	)	PUNCT
taxlaw-6680	568	15	for	for	ADP
taxlaw-6680	568	16	g	g	PROPN
taxlaw-6680	568	17	and	and	CCONJ
taxlaw-6680	568	18	(	(	PUNCT
taxlaw-6680	568	19	25,000	25,000	NUM
taxlaw-6680	568	20	+	+	NUM
taxlaw-6680	568	21	0.5x	0.5x	NUM
taxlaw-6680	568	22	)	)	PUNCT
taxlaw-6680	568	23	for	for	ADP
taxlaw-6680	568	24	h.	h.	PROPN
taxlaw-6680	568	25	however	however	ADV
taxlaw-6680	568	26	,	,	PUNCT
taxlaw-6680	568	27	since	since	SCONJ
taxlaw-6680	568	28	distribution	distribution	NOUN
taxlaw-6680	568	29	will	will	AUX
taxlaw-6680	568	30	be	be	AUX
taxlaw-6680	568	31	made	make	VERB
taxlaw-6680	568	32	to	to	ADP
taxlaw-6680	568	33	g	g	NOUN
taxlaw-6680	568	34	and	and	CCONJ
taxlaw-6680	568	35	h	h	NOUN
taxlaw-6680	568	36	in	in	ADP
taxlaw-6680	568	37	a	a	DET
taxlaw-6680	568	38	75/25	75/25	NUM
taxlaw-6680	568	39	ratio	ratio	NOUN
taxlaw-6680	568	40	,	,	PUNCT
taxlaw-6680	568	41	respectively	respectively	ADV
taxlaw-6680	568	42	,	,	PUNCT
taxlaw-6680	568	43	g	g	PROPN
taxlaw-6680	568	44	will	will	AUX
taxlaw-6680	568	45	receive	receive	VERB
taxlaw-6680	568	46	(	(	PUNCT
taxlaw-6680	568	47	75,000	75,000	NUM
taxlaw-6680	568	48	+	+	NUM
taxlaw-6680	568	49	0.75x	0.75x	NOUN
taxlaw-6680	568	50	)	)	PUNCT
taxlaw-6680	568	51	from	from	ADP
taxlaw-6680	568	52	the	the	DET
taxlaw-6680	568	53	partnership	partnership	NOUN
taxlaw-6680	568	54	distribution	distribution	NOUN
taxlaw-6680	568	55	,	,	PUNCT
taxlaw-6680	568	56	while	while	SCONJ
taxlaw-6680	568	57	h	h	NOUN
taxlaw-6680	568	58	will	will	AUX
taxlaw-6680	568	59	receive	receive	VERB
taxlaw-6680	568	60	(	(	PUNCT
taxlaw-6680	568	61	25,000	25,000	NUM
taxlaw-6680	568	62	+	+	NUM
taxlaw-6680	568	63	0.25x	0.25x	NUM
taxlaw-6680	568	64	)	)	PUNCT
taxlaw-6680	568	65	.	.	PUNCT
taxlaw-6680	569	1	since	since	SCONJ
taxlaw-6680	569	2	capital	capital	NOUN
taxlaw-6680	569	3	account	account	NOUN
taxlaw-6680	569	4	balances	balance	NOUN
taxlaw-6680	569	5	are	be	AUX
taxlaw-6680	569	6	properly	properly	ADV
taxlaw-6680	569	7	maintained	maintain	VERB
taxlaw-6680	569	8	as	as	SCONJ
taxlaw-6680	569	9	required	require	VERB
taxlaw-6680	569	10	by	by	ADP
taxlaw-6680	569	11	the	the	DET
taxlaw-6680	569	12	primary	primary	ADJ
taxlaw-6680	569	13	test	test	NOUN
taxlaw-6680	569	14	,	,	PUNCT
taxlaw-6680	569	15	g	g	PROPN
taxlaw-6680	569	16	will	will	AUX
taxlaw-6680	569	17	end	end	VERB
taxlaw-6680	569	18	up	up	ADP
taxlaw-6680	569	19	with	with	ADP
taxlaw-6680	569	20	a	a	DET
taxlaw-6680	569	21	deficit	deficit	NOUN
taxlaw-6680	569	22	of	of	ADP
taxlaw-6680	569	23	0.25x	0.25x	NOUN
taxlaw-6680	569	24	,	,	PUNCT
taxlaw-6680	569	25	while	while	SCONJ
taxlaw-6680	569	26	h	h	NOUN
taxlaw-6680	569	27	will	will	AUX
taxlaw-6680	569	28	have	have	VERB
taxlaw-6680	569	29	an	an	DET
taxlaw-6680	569	30	unpaid	unpaid	ADJ
taxlaw-6680	569	31	balance	balance	NOUN
taxlaw-6680	569	32	of	of	ADP
taxlaw-6680	569	33	0.25x	0.25x	NOUN
taxlaw-6680	569	34	,	,	PUNCT
taxlaw-6680	569	35	after	after	ADP
taxlaw-6680	569	36	liquidation	liquidation	NOUN
taxlaw-6680	569	37	.	.	PUNCT
taxlaw-6680	570	1	since	since	SCONJ
taxlaw-6680	570	2	each	each	DET
taxlaw-6680	570	3	partner	partner	NOUN
taxlaw-6680	570	4	has	have	VERB
taxlaw-6680	570	5	an	an	DET
taxlaw-6680	570	6	unlimited	unlimited	ADJ
taxlaw-6680	570	7	dro	dro	NOUN
taxlaw-6680	570	8	,	,	PUNCT
taxlaw-6680	570	9	g	g	PROPN
taxlaw-6680	570	10	is	be	AUX
taxlaw-6680	570	11	obligated	obligate	VERB
taxlaw-6680	570	12	to	to	PART
taxlaw-6680	570	13	make	make	VERB
taxlaw-6680	570	14	an	an	DET
taxlaw-6680	570	15	additional	additional	ADJ
taxlaw-6680	570	16	contribution	contribution	NOUN
taxlaw-6680	570	17	of	of	ADP
taxlaw-6680	570	18	0.25x	0.25x	NOUN
taxlaw-6680	570	19	to	to	ADP
taxlaw-6680	570	20	the	the	DET
taxlaw-6680	570	21	partnership	partnership	NOUN
taxlaw-6680	570	22	,	,	PUNCT
taxlaw-6680	570	23	which	which	PRON
taxlaw-6680	570	24	will	will	AUX
taxlaw-6680	570	25	be	be	AUX
taxlaw-6680	570	26	distributed	distribute	VERB
taxlaw-6680	570	27	to	to	ADP
taxlaw-6680	570	28	h.	h.	NOUN
taxlaw-6680	570	29	when	when	SCONJ
taxlaw-6680	570	30	the	the	DET
taxlaw-6680	570	31	dust	dust	NOUN
taxlaw-6680	570	32	has	have	AUX
taxlaw-6680	570	33	settled	settle	VERB
taxlaw-6680	570	34	,	,	PUNCT
taxlaw-6680	570	35	g	g	PROPN
taxlaw-6680	570	36	’s	’s	PART
taxlaw-6680	570	37	liquidation	liquidation	NOUN
taxlaw-6680	570	38	entitlement	entitlement	NOUN
taxlaw-6680	570	39	is	be	AUX
taxlaw-6680	570	40	(	(	PUNCT
taxlaw-6680	570	41	75,000	75,000	NUM
taxlaw-6680	570	42	+	+	CCONJ
taxlaw-6680	570	43	0.5x	0.5x	NUM
taxlaw-6680	570	44	)	)	PUNCT
taxlaw-6680	570	45	and	and	CCONJ
taxlaw-6680	570	46	h	h	NOUN
taxlaw-6680	570	47	’s	’s	PART
taxlaw-6680	570	48	entitlement	entitlement	NOUN
taxlaw-6680	570	49	is	be	AUX
taxlaw-6680	570	50	(	(	PUNCT
taxlaw-6680	570	51	25,000	25,000	NUM
taxlaw-6680	570	52	+	+	CCONJ
taxlaw-6680	570	53	0.5x	0.5x	NUM
taxlaw-6680	570	54	)	)	PUNCT
taxlaw-6680	570	55	.	.	PUNCT
taxlaw-6680	571	1	101	101	NUM
taxlaw-6680	571	2	i	i	PRON
taxlaw-6680	571	3	d.	d.	PROPN
taxlaw-6680	571	4	102	102	NUM
taxlaw-6680	571	5	see	see	VERB
taxlaw-6680	571	6	,	,	PUNCT
taxlaw-6680	571	7	e.g.	e.g.	ADV
taxlaw-6680	571	8	,	,	PUNCT
taxlaw-6680	571	9	nysba	nysba	NOUN
taxlaw-6680	571	10	tax	tax	NOUN
taxlaw-6680	571	11	section	section	NOUN
taxlaw-6680	571	12	,	,	PUNCT
taxlaw-6680	571	13	report	report	NOUN
taxlaw-6680	571	14	on	on	ADP
taxlaw-6680	571	15	partnership	partnership	NOUN
taxlaw-6680	571	16	target	target	NOUN
taxlaw-6680	571	17	allocations3	allocations3	NOUN
taxlaw-6680	571	18	,	,	PUNCT
taxlaw-6680	571	19	27	27	NUM
taxlaw-6680	571	20	-	-	SYM
taxlaw-6680	571	21	28	28	NUM
taxlaw-6680	571	22	(	(	PUNCT
taxlaw-6680	571	23	report	report	VERB
taxlaw-6680	571	24	no	no	INTJ
taxlaw-6680	571	25	.	.	NOUN
taxlaw-6680	571	26	1219	1219	NUM
taxlaw-6680	571	27	,	,	PUNCT
taxlaw-6680	571	28	2010	2010	NUM
taxlaw-6680	571	29	)	)	PUNCT
taxlaw-6680	571	30	(	(	PUNCT
taxlaw-6680	571	31	noting	note	VERB
taxlaw-6680	571	32	that	that	SCONJ
taxlaw-6680	571	33	it	it	PRON
taxlaw-6680	571	34	is	be	AUX
taxlaw-6680	571	35	uncertain	uncertain	ADJ
taxlaw-6680	571	36	whether	whether	SCONJ
taxlaw-6680	571	37	the	the	DET
taxlaw-6680	571	38	phrase	phrase	NOUN
taxlaw-6680	571	39	“	"	PUNCT
taxlaw-6680	571	40	regardless	regardless	ADV
taxlaw-6680	571	41	of	of	ADP
taxlaw-6680	571	42	economic	economic	ADJ
taxlaw-6680	571	43	performance	performance	NOUN
taxlaw-6680	571	44	”	"	PUNCT
taxlaw-6680	571	45	is	be	AUX
taxlaw-6680	571	46	intended	intend	VERB
taxlaw-6680	571	47	to	to	PART
taxlaw-6680	571	48	encompass	encompass	VERB
taxlaw-6680	571	49	all	all	DET
taxlaw-6680	571	50	facts	fact	NOUN
taxlaw-6680	571	51	and	and	CCONJ
taxlaw-6680	571	52	circumstances	circumstance	NOUN
taxlaw-6680	571	53	,	,	PUNCT
taxlaw-6680	571	54	and	and	CCONJ
taxlaw-6680	571	55	advocating	advocate	VERB
taxlaw-6680	571	56	that	that	SCONJ
taxlaw-6680	571	57	it	it	PRON
taxlaw-6680	571	58	be	be	AUX
taxlaw-6680	571	59	clarified	clarify	VERB
taxlaw-6680	571	60	to	to	PART
taxlaw-6680	571	61	encompass	encompass	VERB
taxlaw-6680	571	62	only	only	ADJ
taxlaw-6680	571	63	facts	fact	NOUN
taxlaw-6680	571	64	and	and	CCONJ
taxlaw-6680	571	65	circumstances	circumstance	NOUN
taxlaw-6680	571	66	reasonably	reasonably	ADV
taxlaw-6680	571	67	likely	likely	ADJ
taxlaw-6680	571	68	to	to	PART
taxlaw-6680	571	69	occur	occur	VERB
taxlaw-6680	571	70	)	)	PUNCT
taxlaw-6680	571	71	.	.	PUNCT
taxlaw-6680	572	1	[	[	X
taxlaw-6680	572	2	vol	vol	NOUN
taxlaw-6680	572	3	.	.	PROPN
taxlaw-6680	572	4	11:1	11:1	NUM
taxlaw-6680	572	5	columbia	columbia	PROPN
taxlaw-6680	572	6	journal	journal	PROPN
taxlaw-6680	572	7	of	of	ADP
taxlaw-6680	572	8	tax	tax	NOUN
taxlaw-6680	572	9	law	law	NOUN
taxlaw-6680	572	10	124	124	NUM
taxlaw-6680	572	11	up	up	ADP
taxlaw-6680	572	12	in	in	ADP
taxlaw-6680	572	13	the	the	DET
taxlaw-6680	572	14	future	future	NOUN
taxlaw-6680	572	15	.	.	PUNCT
taxlaw-6680	573	1	if	if	SCONJ
taxlaw-6680	573	2	the	the	DET
taxlaw-6680	573	3	partnership	partnership	NOUN
taxlaw-6680	573	4	later	later	ADV
taxlaw-6680	573	5	borrows	borrow	VERB
taxlaw-6680	573	6	$	$	SYM
taxlaw-6680	573	7	900x	900x	NUM
taxlaw-6680	573	8	to	to	PART
taxlaw-6680	573	9	acquire	acquire	VERB
taxlaw-6680	573	10	a	a	DET
taxlaw-6680	573	11	property	property	NOUN
taxlaw-6680	573	12	worth	worth	ADJ
taxlaw-6680	573	13	$	$	SYM
taxlaw-6680	573	14	1,000x	1,000x	NUM
taxlaw-6680	573	15	and	and	CCONJ
taxlaw-6680	573	16	the	the	DET
taxlaw-6680	573	17	property	property	NOUN
taxlaw-6680	573	18	loses	lose	VERB
taxlaw-6680	573	19	all	all	DET
taxlaw-6680	573	20	its	its	PRON
taxlaw-6680	573	21	value	value	NOUN
taxlaw-6680	573	22	,	,	PUNCT
taxlaw-6680	573	23	a	a	PRON
taxlaw-6680	573	24	and	and	CCONJ
taxlaw-6680	573	25	b	b	NOUN
taxlaw-6680	573	26	will	will	AUX
taxlaw-6680	573	27	each	each	PRON
taxlaw-6680	573	28	have	have	VERB
taxlaw-6680	573	29	a	a	DET
taxlaw-6680	573	30	capital	capital	NOUN
taxlaw-6680	573	31	account	account	NOUN
taxlaw-6680	573	32	deficit	deficit	NOUN
taxlaw-6680	573	33	of	of	ADP
taxlaw-6680	573	34	$	$	SYM
taxlaw-6680	573	35	450x	450x	NOUN
taxlaw-6680	573	36	,	,	PUNCT
taxlaw-6680	573	37	but	but	CCONJ
taxlaw-6680	573	38	there	there	PRON
taxlaw-6680	573	39	is	be	VERB
taxlaw-6680	573	40	no	no	DET
taxlaw-6680	573	41	obligation	obligation	NOUN
taxlaw-6680	573	42	to	to	PART
taxlaw-6680	573	43	restore	restore	VERB
taxlaw-6680	573	44	the	the	DET
taxlaw-6680	573	45	deficit	deficit	NOUN
taxlaw-6680	573	46	.	.	PUNCT
taxlaw-6680	574	1	under	under	ADP
taxlaw-6680	574	2	the	the	DET
taxlaw-6680	574	3	strict	strict	ADJ
taxlaw-6680	574	4	interpretation	interpretation	NOUN
taxlaw-6680	574	5	,	,	PUNCT
taxlaw-6680	574	6	the	the	DET
taxlaw-6680	574	7	fact	fact	NOUN
taxlaw-6680	574	8	that	that	SCONJ
taxlaw-6680	574	9	the	the	DET
taxlaw-6680	574	10	partnership	partnership	NOUN
taxlaw-6680	574	11	does	do	AUX
taxlaw-6680	574	12	not	not	PART
taxlaw-6680	574	13	currently	currently	ADV
taxlaw-6680	574	14	have	have	AUX
taxlaw-6680	574	15	any	any	DET
taxlaw-6680	574	16	debt	debt	NOUN
taxlaw-6680	574	17	and	and	CCONJ
taxlaw-6680	574	18	does	do	AUX
taxlaw-6680	574	19	not	not	PART
taxlaw-6680	574	20	expect	expect	VERB
taxlaw-6680	574	21	to	to	PART
taxlaw-6680	574	22	incur	incur	VERB
taxlaw-6680	574	23	any	any	PRON
taxlaw-6680	574	24	in	in	ADP
taxlaw-6680	574	25	the	the	DET
taxlaw-6680	574	26	future	future	NOUN
taxlaw-6680	574	27	is	be	AUX
taxlaw-6680	574	28	irrelevant	irrelevant	ADJ
taxlaw-6680	574	29	.	.	PUNCT
taxlaw-6680	575	1	second	second	ADJ
taxlaw-6680	575	2	,	,	PUNCT
taxlaw-6680	575	3	an	an	DET
taxlaw-6680	575	4	intermediate	intermediate	ADJ
taxlaw-6680	575	5	interpretation	interpretation	NOUN
taxlaw-6680	575	6	would	would	AUX
taxlaw-6680	575	7	require	require	VERB
taxlaw-6680	575	8	the	the	DET
taxlaw-6680	575	9	two	two	NUM
taxlaw-6680	575	10	results	result	NOUN
taxlaw-6680	575	11	to	to	PART
taxlaw-6680	575	12	match	match	VERB
taxlaw-6680	575	13	regardless	regardless	ADV
taxlaw-6680	575	14	of	of	ADP
taxlaw-6680	575	15	the	the	DET
taxlaw-6680	575	16	outcomes	outcome	NOUN
taxlaw-6680	575	17	of	of	ADP
taxlaw-6680	575	18	the	the	DET
taxlaw-6680	575	19	economic	economic	ADJ
taxlaw-6680	575	20	activities	activity	NOUN
taxlaw-6680	575	21	the	the	DET
taxlaw-6680	575	22	partnership	partnership	NOUN
taxlaw-6680	575	23	is	be	AUX
taxlaw-6680	575	24	currently	currently	ADV
taxlaw-6680	575	25	undertaking	undertake	VERB
taxlaw-6680	575	26	or	or	CCONJ
taxlaw-6680	575	27	reasonably	reasonably	ADV
taxlaw-6680	575	28	expects	expect	VERB
taxlaw-6680	575	29	to	to	PART
taxlaw-6680	575	30	undertake	undertake	VERB
taxlaw-6680	575	31	in	in	ADP
taxlaw-6680	575	32	the	the	DET
taxlaw-6680	575	33	future	future	NOUN
taxlaw-6680	575	34	,	,	PUNCT
taxlaw-6680	575	35	but	but	CCONJ
taxlaw-6680	575	36	all	all	DET
taxlaw-6680	575	37	possible	possible	ADJ
taxlaw-6680	575	38	outcomes	outcome	NOUN
taxlaw-6680	575	39	of	of	ADP
taxlaw-6680	575	40	each	each	DET
taxlaw-6680	575	41	such	such	ADJ
taxlaw-6680	575	42	activity	activity	NOUN
taxlaw-6680	575	43	must	must	AUX
taxlaw-6680	575	44	be	be	AUX
taxlaw-6680	575	45	considered	consider	VERB
taxlaw-6680	575	46	unless	unless	SCONJ
taxlaw-6680	575	47	the	the	DET
taxlaw-6680	575	48	partnership	partnership	NOUN
taxlaw-6680	575	49	agreement	agreement	NOUN
taxlaw-6680	575	50	itself	itself	PRON
taxlaw-6680	575	51	contains	contain	VERB
taxlaw-6680	575	52	certain	certain	ADJ
taxlaw-6680	575	53	provisions	provision	NOUN
taxlaw-6680	575	54	that	that	PRON
taxlaw-6680	575	55	tend	tend	VERB
taxlaw-6680	575	56	to	to	PART
taxlaw-6680	575	57	eliminate	eliminate	VERB
taxlaw-6680	575	58	some	some	PRON
taxlaw-6680	575	59	of	of	ADP
taxlaw-6680	575	60	those	those	DET
taxlaw-6680	575	61	outcomes	outcome	NOUN
taxlaw-6680	575	62	.	.	PUNCT
taxlaw-6680	576	1	the	the	DET
taxlaw-6680	576	2	intermediate	intermediate	ADJ
taxlaw-6680	576	3	interpretation	interpretation	NOUN
taxlaw-6680	576	4	seems	seem	VERB
taxlaw-6680	576	5	to	to	PART
taxlaw-6680	576	6	be	be	AUX
taxlaw-6680	576	7	in	in	ADP
taxlaw-6680	576	8	line	line	NOUN
taxlaw-6680	576	9	with	with	ADP
taxlaw-6680	576	10	the	the	DET
taxlaw-6680	576	11	nysba	nysba	NOUN
taxlaw-6680	576	12	’s	’s	PART
taxlaw-6680	576	13	position	position	NOUN
taxlaw-6680	576	14	in	in	ADP
taxlaw-6680	576	15	its	its	PRON
taxlaw-6680	576	16	2010	2010	NUM
taxlaw-6680	576	17	report	report	NOUN
taxlaw-6680	576	18	.	.	PUNCT
taxlaw-6680	577	1	103	103	NUM
taxlaw-6680	577	2	under	under	ADP
taxlaw-6680	577	3	the	the	DET
taxlaw-6680	577	4	intermediate	intermediate	ADJ
taxlaw-6680	577	5	interpretation	interpretation	NOUN
taxlaw-6680	577	6	,	,	PUNCT
taxlaw-6680	577	7	the	the	DET
taxlaw-6680	577	8	expectation	expectation	NOUN
taxlaw-6680	577	9	not	not	PART
taxlaw-6680	577	10	to	to	PART
taxlaw-6680	577	11	incur	incur	VERB
taxlaw-6680	577	12	any	any	DET
taxlaw-6680	577	13	debt	debt	NOUN
taxlaw-6680	577	14	is	be	AUX
taxlaw-6680	577	15	taken	take	VERB
taxlaw-6680	577	16	into	into	ADP
taxlaw-6680	577	17	account	account	NOUN
taxlaw-6680	577	18	if	if	SCONJ
taxlaw-6680	577	19	reasonable	reasonable	ADJ
taxlaw-6680	577	20	,	,	PUNCT
taxlaw-6680	577	21	but	but	CCONJ
taxlaw-6680	577	22	the	the	DET
taxlaw-6680	577	23	expectation	expectation	NOUN
taxlaw-6680	577	24	that	that	PRON
taxlaw-6680	577	25	capital	capital	NOUN
taxlaw-6680	577	26	account	account	NOUN
taxlaw-6680	577	27	deficits	deficit	NOUN
taxlaw-6680	577	28	will	will	AUX
taxlaw-6680	577	29	not	not	PART
taxlaw-6680	577	30	be	be	AUX
taxlaw-6680	577	31	an	an	DET
taxlaw-6680	577	32	issue	issue	NOUN
taxlaw-6680	577	33	because	because	SCONJ
taxlaw-6680	577	34	the	the	DET
taxlaw-6680	577	35	business	business	NOUN
taxlaw-6680	577	36	will	will	AUX
taxlaw-6680	577	37	be	be	AUX
taxlaw-6680	577	38	profitable	profitable	ADJ
taxlaw-6680	577	39	is	be	AUX
taxlaw-6680	577	40	not	not	PART
taxlaw-6680	577	41	taken	take	VERB
taxlaw-6680	577	42	into	into	ADP
taxlaw-6680	577	43	account	account	NOUN
taxlaw-6680	577	44	.	.	PUNCT
taxlaw-6680	578	1	third	third	ADV
taxlaw-6680	578	2	,	,	PUNCT
taxlaw-6680	578	3	a	a	DET
taxlaw-6680	578	4	liberal	liberal	ADJ
taxlaw-6680	578	5	interpretation	interpretation	NOUN
taxlaw-6680	578	6	would	would	AUX
taxlaw-6680	578	7	require	require	VERB
taxlaw-6680	578	8	the	the	DET
taxlaw-6680	578	9	two	two	NUM
taxlaw-6680	578	10	results	result	NOUN
taxlaw-6680	578	11	to	to	PART
taxlaw-6680	578	12	match	match	VERB
taxlaw-6680	578	13	regardless	regardless	ADV
taxlaw-6680	578	14	of	of	ADP
taxlaw-6680	578	15	the	the	DET
taxlaw-6680	578	16	reasonably	reasonably	ADV
taxlaw-6680	578	17	expected	expect	VERB
taxlaw-6680	578	18	outcomes	outcome	NOUN
taxlaw-6680	578	19	of	of	ADP
taxlaw-6680	578	20	current	current	ADJ
taxlaw-6680	578	21	or	or	CCONJ
taxlaw-6680	578	22	reasonably	reasonably	ADV
taxlaw-6680	578	23	expected	expect	VERB
taxlaw-6680	578	24	future	future	ADJ
taxlaw-6680	578	25	economic	economic	ADJ
taxlaw-6680	578	26	activities	activity	NOUN
taxlaw-6680	578	27	.	.	PUNCT
taxlaw-6680	579	1	in	in	ADP
taxlaw-6680	579	2	other	other	ADJ
taxlaw-6680	579	3	words	word	NOUN
taxlaw-6680	579	4	,	,	PUNCT
taxlaw-6680	579	5	unlike	unlike	ADP
taxlaw-6680	579	6	the	the	DET
taxlaw-6680	579	7	strict	strict	ADJ
taxlaw-6680	579	8	interpretation	interpretation	NOUN
taxlaw-6680	579	9	,	,	PUNCT
taxlaw-6680	579	10	this	this	DET
taxlaw-6680	579	11	interpretation	interpretation	NOUN
taxlaw-6680	579	12	would	would	AUX
taxlaw-6680	579	13	not	not	PART
taxlaw-6680	579	14	require	require	VERB
taxlaw-6680	579	15	the	the	DET
taxlaw-6680	579	16	results	result	NOUN
taxlaw-6680	579	17	to	to	PART
taxlaw-6680	579	18	match	match	VERB
taxlaw-6680	579	19	under	under	ADP
taxlaw-6680	579	20	all	all	DET
taxlaw-6680	579	21	economic	economic	ADJ
taxlaw-6680	579	22	activities	activity	NOUN
taxlaw-6680	579	23	that	that	PRON
taxlaw-6680	579	24	the	the	DET
taxlaw-6680	579	25	partnership	partnership	NOUN
taxlaw-6680	579	26	may	may	AUX
taxlaw-6680	579	27	engage	engage	VERB
taxlaw-6680	579	28	in	in	ADP
taxlaw-6680	579	29	,	,	PUNCT
taxlaw-6680	579	30	but	but	CCONJ
taxlaw-6680	579	31	only	only	ADV
taxlaw-6680	579	32	those	those	PRON
taxlaw-6680	579	33	that	that	PRON
taxlaw-6680	579	34	they	they	PRON
taxlaw-6680	579	35	reasonably	reasonably	ADV
taxlaw-6680	579	36	expect	expect	VERB
taxlaw-6680	579	37	to	to	PART
taxlaw-6680	579	38	have	have	VERB
taxlaw-6680	579	39	.	.	PUNCT
taxlaw-6680	580	1	additionally	additionally	ADV
taxlaw-6680	580	2	,	,	PUNCT
taxlaw-6680	580	3	unlike	unlike	ADP
taxlaw-6680	580	4	the	the	DET
taxlaw-6680	580	5	intermediate	intermediate	ADJ
taxlaw-6680	580	6	interpretation	interpretation	NOUN
taxlaw-6680	580	7	,	,	PUNCT
taxlaw-6680	580	8	this	this	DET
taxlaw-6680	580	9	interpretation	interpretation	NOUN
taxlaw-6680	580	10	gives	give	VERB
taxlaw-6680	580	11	deference	deference	NOUN
taxlaw-6680	580	12	to	to	ADP
taxlaw-6680	580	13	the	the	DET
taxlaw-6680	580	14	partners	partner	NOUN
taxlaw-6680	580	15	’	'	PUNCT
taxlaw-6680	580	16	reasonable	reasonable	ADJ
taxlaw-6680	580	17	expectations	expectation	NOUN
taxlaw-6680	580	18	of	of	ADP
taxlaw-6680	580	19	the	the	DET
taxlaw-6680	580	20	outcomes	outcome	NOUN
taxlaw-6680	580	21	in	in	ADP
taxlaw-6680	580	22	comparing	compare	VERB
taxlaw-6680	580	23	hypothetical	hypothetical	ADJ
taxlaw-6680	580	24	liquidation	liquidation	NOUN
taxlaw-6680	580	25	results	result	NOUN
taxlaw-6680	580	26	.	.	PUNCT
taxlaw-6680	581	1	for	for	ADP
taxlaw-6680	581	2	example	example	NOUN
taxlaw-6680	581	3	,	,	PUNCT
taxlaw-6680	581	4	the	the	DET
taxlaw-6680	581	5	expectation	expectation	NOUN
taxlaw-6680	581	6	that	that	SCONJ
taxlaw-6680	581	7	capital	capital	NOUN
taxlaw-6680	581	8	account	account	NOUN
taxlaw-6680	581	9	deficits	deficit	NOUN
taxlaw-6680	581	10	will	will	AUX
taxlaw-6680	581	11	not	not	PART
taxlaw-6680	581	12	be	be	AUX
taxlaw-6680	581	13	an	an	DET
taxlaw-6680	581	14	issue	issue	NOUN
taxlaw-6680	581	15	because	because	SCONJ
taxlaw-6680	581	16	the	the	DET
taxlaw-6680	581	17	business	business	NOUN
taxlaw-6680	581	18	will	will	AUX
taxlaw-6680	581	19	be	be	AUX
taxlaw-6680	581	20	profitable	profitable	ADJ
taxlaw-6680	581	21	can	can	AUX
taxlaw-6680	581	22	be	be	AUX
taxlaw-6680	581	23	respected	respect	VERB
taxlaw-6680	581	24	under	under	ADP
taxlaw-6680	581	25	the	the	DET
taxlaw-6680	581	26	liberal	liberal	ADJ
taxlaw-6680	581	27	interpretation	interpretation	NOUN
taxlaw-6680	581	28	but	but	CCONJ
taxlaw-6680	581	29	is	be	AUX
taxlaw-6680	581	30	always	always	ADV
taxlaw-6680	581	31	rejected	reject	VERB
taxlaw-6680	581	32	under	under	ADP
taxlaw-6680	581	33	the	the	DET
taxlaw-6680	581	34	intermediate	intermediate	ADJ
taxlaw-6680	581	35	interpretation	interpretation	NOUN
taxlaw-6680	581	36	.	.	PUNCT
taxlaw-6680	582	1	since	since	SCONJ
taxlaw-6680	582	2	the	the	DET
taxlaw-6680	582	3	two	two	NUM
taxlaw-6680	582	4	examples	example	NOUN
taxlaw-6680	582	5	in	in	ADP
taxlaw-6680	582	6	the	the	DET
taxlaw-6680	582	7	regulations	regulation	NOUN
taxlaw-6680	582	8	seem	seem	VERB
taxlaw-6680	582	9	to	to	PART
taxlaw-6680	582	10	satisfy	satisfy	VERB
taxlaw-6680	582	11	the	the	DET
taxlaw-6680	582	12	eee	eee	NOUN
taxlaw-6680	582	13	test	test	NOUN
taxlaw-6680	582	14	even	even	ADV
taxlaw-6680	582	15	under	under	ADP
taxlaw-6680	582	16	the	the	DET
taxlaw-6680	582	17	strict	strict	ADJ
taxlaw-6680	582	18	interpretation	interpretation	NOUN
taxlaw-6680	582	19	,	,	PUNCT
taxlaw-6680	582	20	those	those	DET
taxlaw-6680	582	21	examples	example	NOUN
taxlaw-6680	582	22	provide	provide	VERB
taxlaw-6680	582	23	little	little	ADJ
taxlaw-6680	582	24	guidance	guidance	NOUN
taxlaw-6680	582	25	on	on	ADP
taxlaw-6680	582	26	how	how	SCONJ
taxlaw-6680	582	27	the	the	DET
taxlaw-6680	582	28	treasury	treasury	NOUN
taxlaw-6680	582	29	intends	intend	VERB
taxlaw-6680	582	30	to	to	PART
taxlaw-6680	582	31	interpret	interpret	VERB
taxlaw-6680	582	32	the	the	DET
taxlaw-6680	582	33	eee	eee	NOUN
taxlaw-6680	582	34	test.104	test.104	PROPN
taxlaw-6680	582	35	as	as	ADP
taxlaw-6680	582	36	a	a	DET
taxlaw-6680	582	37	result	result	NOUN
taxlaw-6680	582	38	,	,	PUNCT
taxlaw-6680	582	39	it	it	PRON
taxlaw-6680	582	40	is	be	AUX
taxlaw-6680	582	41	uncertain	uncertain	ADJ
taxlaw-6680	582	42	how	how	SCONJ
taxlaw-6680	582	43	the	the	DET
taxlaw-6680	582	44	service	service	NOUN
taxlaw-6680	582	45	will	will	AUX
taxlaw-6680	582	46	react	react	VERB
taxlaw-6680	582	47	to	to	ADP
taxlaw-6680	582	48	an	an	DET
taxlaw-6680	582	49	allocation	allocation	NOUN
taxlaw-6680	582	50	that	that	PRON
taxlaw-6680	582	51	satisfies	satisfy	VERB
taxlaw-6680	582	52	the	the	DET
taxlaw-6680	582	53	eee	eee	NOUN
taxlaw-6680	582	54	test	test	NOUN
taxlaw-6680	582	55	only	only	ADV
taxlaw-6680	582	56	under	under	ADP
taxlaw-6680	582	57	the	the	DET
taxlaw-6680	582	58	intermediate	intermediate	ADJ
taxlaw-6680	582	59	or	or	CCONJ
taxlaw-6680	582	60	the	the	DET
taxlaw-6680	582	61	liberal	liberal	ADJ
taxlaw-6680	582	62	interpretation	interpretation	NOUN
taxlaw-6680	582	63	.	.	PUNCT
taxlaw-6680	583	1	for	for	ADP
taxlaw-6680	583	2	example	example	NOUN
taxlaw-6680	583	3	,	,	PUNCT
taxlaw-6680	583	4	if	if	SCONJ
taxlaw-6680	583	5	an	an	DET
taxlaw-6680	583	6	allocation	allocation	NOUN
taxlaw-6680	583	7	satisfies	satisfy	VERB
taxlaw-6680	583	8	the	the	DET
taxlaw-6680	583	9	eee	eee	NOUN
taxlaw-6680	583	10	test	test	NOUN
taxlaw-6680	583	11	only	only	ADV
taxlaw-6680	583	12	under	under	ADP
taxlaw-6680	583	13	the	the	DET
taxlaw-6680	583	14	assumption	assumption	NOUN
taxlaw-6680	583	15	that	that	SCONJ
taxlaw-6680	583	16	the	the	DET
taxlaw-6680	583	17	partnership	partnership	NOUN
taxlaw-6680	583	18	is	be	AUX
taxlaw-6680	583	19	not	not	PART
taxlaw-6680	583	20	reasonably	reasonably	ADV
taxlaw-6680	583	21	expected	expect	VERB
taxlaw-6680	583	22	to	to	PART
taxlaw-6680	583	23	have	have	VERB
taxlaw-6680	583	24	leveraged	leveraged	ADJ
taxlaw-6680	583	25	transactions	transaction	NOUN
taxlaw-6680	583	26	or	or	CCONJ
taxlaw-6680	583	27	to	to	PART
taxlaw-6680	583	28	acquire	acquire	VERB
taxlaw-6680	583	29	depreciable	depreciable	ADJ
taxlaw-6680	583	30	properties	property	NOUN
taxlaw-6680	583	31	in	in	ADP
taxlaw-6680	583	32	the	the	DET
taxlaw-6680	583	33	future	future	NOUN
taxlaw-6680	583	34	,	,	PUNCT
taxlaw-6680	583	35	or	or	CCONJ
taxlaw-6680	583	36	that	that	SCONJ
taxlaw-6680	583	37	its	its	PRON
taxlaw-6680	583	38	properties	property	NOUN
taxlaw-6680	583	39	are	be	AUX
taxlaw-6680	583	40	reasonably	reasonably	ADV
taxlaw-6680	583	41	expected	expect	VERB
taxlaw-6680	583	42	to	to	PART
taxlaw-6680	583	43	preserve	preserve	VERB
taxlaw-6680	583	44	value	value	NOUN
taxlaw-6680	583	45	,	,	PUNCT
taxlaw-6680	583	46	it	it	PRON
taxlaw-6680	583	47	’s	’	VERB
taxlaw-6680	583	48	uncertain	uncertain	ADJ
taxlaw-6680	583	49	whether	whether	SCONJ
taxlaw-6680	583	50	the	the	DET
taxlaw-6680	583	51	eee	eee	NOUN
taxlaw-6680	583	52	test	test	NOUN
taxlaw-6680	583	53	can	can	AUX
taxlaw-6680	583	54	give	give	VERB
taxlaw-6680	583	55	economic	economic	ADJ
taxlaw-6680	583	56	effect	effect	NOUN
taxlaw-6680	583	57	to	to	ADP
taxlaw-6680	583	58	such	such	ADJ
taxlaw-6680	583	59	allocation	allocation	NOUN
taxlaw-6680	583	60	under	under	ADP
taxlaw-6680	583	61	the	the	DET
taxlaw-6680	583	62	current	current	ADJ
taxlaw-6680	583	63	law.105	law.105	NOUN
taxlaw-6680	583	64	from	from	ADP
taxlaw-6680	583	65	a	a	DET
taxlaw-6680	583	66	policy	policy	NOUN
taxlaw-6680	583	67	perspective	perspective	NOUN
taxlaw-6680	583	68	,	,	PUNCT
taxlaw-6680	583	69	the	the	DET
taxlaw-6680	583	70	strict	strict	ADJ
taxlaw-6680	583	71	interpretation	interpretation	NOUN
taxlaw-6680	583	72	should	should	AUX
taxlaw-6680	583	73	be	be	AUX
taxlaw-6680	583	74	rejected	reject	VERB
taxlaw-6680	583	75	for	for	ADP
taxlaw-6680	583	76	two	two	NUM
taxlaw-6680	583	77	reasons	reason	NOUN
taxlaw-6680	583	78	.	.	PUNCT
taxlaw-6680	584	1	first	first	ADV
taxlaw-6680	584	2	,	,	PUNCT
taxlaw-6680	584	3	the	the	DET
taxlaw-6680	584	4	purpose	purpose	NOUN
taxlaw-6680	584	5	of	of	ADP
taxlaw-6680	584	6	the	the	DET
taxlaw-6680	584	7	see	see	ADJ
taxlaw-6680	584	8	safe	safe	ADJ
taxlaw-6680	584	9	harbor	harbor	NOUN
taxlaw-6680	584	10	is	be	AUX
taxlaw-6680	584	11	to	to	PART
taxlaw-6680	584	12	prevent	prevent	VERB
taxlaw-6680	584	13	partnership	partnership	NOUN
taxlaw-6680	584	14	-	-	PUNCT
taxlaw-6680	584	15	related	relate	VERB
taxlaw-6680	584	16	activities	activity	NOUN
taxlaw-6680	584	17	done	do	VERB
taxlaw-6680	584	18	solely	solely	ADV
taxlaw-6680	584	19	or	or	CCONJ
taxlaw-6680	584	20	primarily	primarily	ADV
taxlaw-6680	584	21	for	for	ADP
taxlaw-6680	584	22	tax	tax	NOUN
taxlaw-6680	584	23	purposes	purpose	NOUN
taxlaw-6680	584	24	,	,	PUNCT
taxlaw-6680	584	25	in	in	ADP
taxlaw-6680	584	26	which	which	PRON
taxlaw-6680	584	27	the	the	DET
taxlaw-6680	584	28	partners	partner	NOUN
taxlaw-6680	584	29	expect	expect	VERB
taxlaw-6680	584	30	an	an	DET
taxlaw-6680	584	31	increase	increase	NOUN
taxlaw-6680	584	32	in	in	ADP
taxlaw-6680	584	33	after	after	ADP
taxlaw-6680	584	34	-	-	PUNCT
taxlaw-6680	584	35	tax	tax	NOUN
taxlaw-6680	584	36	payoff	payoff	NOUN
taxlaw-6680	584	37	without	without	ADP
taxlaw-6680	584	38	simultaneously	simultaneously	ADV
taxlaw-6680	584	39	expecting	expect	VERB
taxlaw-6680	584	40	an	an	DET
taxlaw-6680	584	41	increase	increase	NOUN
taxlaw-6680	584	42	in	in	ADP
taxlaw-6680	584	43	pre	pre	ADJ
taxlaw-6680	584	44	-	-	NOUN
taxlaw-6680	584	45	tax	tax	ADJ
taxlaw-6680	584	46	payoff.106	payoff.106	NOUN
taxlaw-6680	584	47	such	such	ADJ
taxlaw-6680	584	48	transactions	transaction	NOUN
taxlaw-6680	584	49	have	have	VERB
taxlaw-6680	584	50	the	the	DET
taxlaw-6680	584	51	same	same	ADJ
taxlaw-6680	584	52	efficiency	efficiency	NOUN
taxlaw-6680	584	53	problems	problem	NOUN
taxlaw-6680	584	54	as	as	SCONJ
taxlaw-6680	584	55	explained	explain	VERB
taxlaw-6680	584	56	in	in	ADP
taxlaw-6680	584	57	part	part	NOUN
taxlaw-6680	584	58	ii.107	ii.107	NOUN
taxlaw-6680	584	59	in	in	ADP
taxlaw-6680	584	60	an	an	DET
taxlaw-6680	584	61	ideal	ideal	ADJ
taxlaw-6680	584	62	world	world	NOUN
taxlaw-6680	584	63	where	where	SCONJ
taxlaw-6680	584	64	a	a	DET
taxlaw-6680	584	65	person	person	NOUN
taxlaw-6680	584	66	’s	’s	PART
taxlaw-6680	584	67	actual	actual	ADJ
taxlaw-6680	584	68	103	103	NUM
taxlaw-6680	584	69	i	i	NOUN
taxlaw-6680	584	70	d	d	PROPN
taxlaw-6680	584	71	at	at	ADP
taxlaw-6680	584	72	3(4	3(4	NUM
taxlaw-6680	584	73	)	)	PUNCT
taxlaw-6680	584	74	(	(	PUNCT
taxlaw-6680	584	75	suggesting	suggest	VERB
taxlaw-6680	584	76	that	that	SCONJ
taxlaw-6680	584	77	the	the	DET
taxlaw-6680	584	78	eee	eee	NOUN
taxlaw-6680	584	79	test	test	NOUN
taxlaw-6680	584	80	should	should	AUX
taxlaw-6680	584	81	require	require	VERB
taxlaw-6680	584	82	reaching	reach	VERB
taxlaw-6680	584	83	the	the	DET
taxlaw-6680	584	84	result	result	NOUN
taxlaw-6680	584	85	under	under	ADP
taxlaw-6680	584	86	the	the	DET
taxlaw-6680	584	87	primary	primary	ADJ
taxlaw-6680	584	88	test	test	NOUN
taxlaw-6680	584	89	only	only	ADV
taxlaw-6680	584	90	in	in	ADP
taxlaw-6680	584	91	all	all	DET
taxlaw-6680	584	92	fact	fact	NOUN
taxlaw-6680	584	93	patterns	pattern	NOUN
taxlaw-6680	584	94	reasonably	reasonably	ADV
taxlaw-6680	584	95	likely	likely	ADJ
taxlaw-6680	584	96	to	to	PART
taxlaw-6680	584	97	occur	occur	VERB
taxlaw-6680	584	98	)	)	PUNCT
taxlaw-6680	584	99	.	.	PUNCT
taxlaw-6680	585	1	104	104	NUM
taxlaw-6680	585	2	see	see	VERB
taxlaw-6680	585	3	discussions	discussion	NOUN
taxlaw-6680	585	4	in	in	ADP
taxlaw-6680	585	5	part	part	NOUN
taxlaw-6680	585	6	iii.c.1	iii.c.1	PROPN
taxlaw-6680	585	7	.	.	PROPN
taxlaw-6680	585	8	,	,	PUNCT
taxlaw-6680	585	9	supra	supra	PROPN
taxlaw-6680	585	10	.	.	PUNCT
taxlaw-6680	586	1	in	in	ADP
taxlaw-6680	586	2	example	example	NOUN
taxlaw-6680	586	3	two	two	NUM
taxlaw-6680	586	4	,	,	PUNCT
taxlaw-6680	586	5	even	even	ADV
taxlaw-6680	586	6	if	if	SCONJ
taxlaw-6680	586	7	the	the	DET
taxlaw-6680	586	8	partners	partner	NOUN
taxlaw-6680	586	9	end	end	VERB
taxlaw-6680	586	10	up	up	ADP
taxlaw-6680	586	11	with	with	ADP
taxlaw-6680	586	12	a	a	DET
taxlaw-6680	586	13	capital	capital	NOUN
taxlaw-6680	586	14	account	account	NOUN
taxlaw-6680	586	15	deficit	deficit	NOUN
taxlaw-6680	586	16	due	due	ADP
taxlaw-6680	586	17	to	to	ADP
taxlaw-6680	586	18	leveraged	leveraged	ADJ
taxlaw-6680	586	19	transactions	transaction	NOUN
taxlaw-6680	586	20	,	,	PUNCT
taxlaw-6680	586	21	the	the	DET
taxlaw-6680	586	22	state	state	NOUN
taxlaw-6680	586	23	law	law	NOUN
taxlaw-6680	586	24	right	right	ADV
taxlaw-6680	586	25	of	of	ADP
taxlaw-6680	586	26	contribution	contribution	NOUN
taxlaw-6680	586	27	ensures	ensure	VERB
taxlaw-6680	586	28	the	the	DET
taxlaw-6680	586	29	same	same	ADJ
taxlaw-6680	586	30	liquidation	liquidation	NOUN
taxlaw-6680	586	31	result	result	NOUN
taxlaw-6680	586	32	as	as	SCONJ
taxlaw-6680	586	33	that	that	PRON
taxlaw-6680	586	34	would	would	AUX
taxlaw-6680	586	35	occur	occur	VERB
taxlaw-6680	586	36	if	if	SCONJ
taxlaw-6680	586	37	the	the	DET
taxlaw-6680	586	38	partners	partner	NOUN
taxlaw-6680	586	39	had	have	VERB
taxlaw-6680	586	40	an	an	DET
taxlaw-6680	586	41	unlimited	unlimited	ADJ
taxlaw-6680	586	42	dro	dro	NOUN
taxlaw-6680	586	43	and	and	CCONJ
taxlaw-6680	586	44	the	the	DET
taxlaw-6680	586	45	primary	primary	ADJ
taxlaw-6680	586	46	test	test	NOUN
taxlaw-6680	586	47	had	have	AUX
taxlaw-6680	586	48	been	be	AUX
taxlaw-6680	586	49	satisfied	satisfied	ADJ
taxlaw-6680	586	50	.	.	PUNCT
taxlaw-6680	587	1	in	in	ADP
taxlaw-6680	587	2	example	example	NOUN
taxlaw-6680	587	3	three	three	NUM
taxlaw-6680	587	4	,	,	PUNCT
taxlaw-6680	587	5	the	the	DET
taxlaw-6680	587	6	unlimited	unlimited	ADJ
taxlaw-6680	587	7	dro	dro	PROPN
taxlaw-6680	587	8	ensures	ensure	VERB
taxlaw-6680	587	9	the	the	DET
taxlaw-6680	587	10	same	same	ADJ
taxlaw-6680	587	11	liquidation	liquidation	NOUN
taxlaw-6680	587	12	result	result	NOUN
taxlaw-6680	587	13	as	as	SCONJ
taxlaw-6680	587	14	would	would	AUX
taxlaw-6680	587	15	occur	occur	VERB
taxlaw-6680	587	16	under	under	ADP
taxlaw-6680	587	17	the	the	DET
taxlaw-6680	587	18	primary	primary	ADJ
taxlaw-6680	587	19	test	test	NOUN
taxlaw-6680	587	20	,	,	PUNCT
taxlaw-6680	587	21	even	even	ADV
taxlaw-6680	587	22	if	if	SCONJ
taxlaw-6680	587	23	the	the	DET
taxlaw-6680	587	24	partnership	partnership	NOUN
taxlaw-6680	587	25	engages	engage	VERB
taxlaw-6680	587	26	in	in	ADP
taxlaw-6680	587	27	leveraged	leveraged	ADJ
taxlaw-6680	587	28	transactions	transaction	NOUN
taxlaw-6680	587	29	or	or	CCONJ
taxlaw-6680	587	30	acquires	acquire	VERB
taxlaw-6680	587	31	depreciable	depreciable	ADJ
taxlaw-6680	587	32	properties	property	NOUN
taxlaw-6680	587	33	.	.	PUNCT
taxlaw-6680	588	1	105	105	NUM
taxlaw-6680	588	2	see	see	VERB
taxlaw-6680	588	3	nysba	nysba	NOUN
taxlaw-6680	588	4	tax	tax	NOUN
taxlaw-6680	588	5	section	section	NOUN
taxlaw-6680	588	6	,	,	PUNCT
taxlaw-6680	588	7	supra	supra	PROPN
taxlaw-6680	588	8	note	note	NOUN
taxlaw-6680	588	9	102	102	NUM
taxlaw-6680	588	10	,	,	PUNCT
taxlaw-6680	588	11	at	at	ADP
taxlaw-6680	588	12	27	27	NUM
taxlaw-6680	588	13	-	-	SYM
taxlaw-6680	588	14	28	28	NUM
taxlaw-6680	588	15	.	.	PUNCT
taxlaw-6680	589	1	106	106	NUM
taxlaw-6680	589	2	see	see	VERB
taxlaw-6680	589	3	treas	treas	PROPN
taxlaw-6680	589	4	.	.	PUNCT
taxlaw-6680	590	1	reg	reg	PROPN
taxlaw-6680	590	2	.	.	PUNCT
taxlaw-6680	591	1	§	§	PROPN
taxlaw-6680	591	2	1.704–1(b)(2)(ii)(a	1.704–1(b)(2)(ii)(a	PROPN
taxlaw-6680	591	3	)	)	PUNCT
taxlaw-6680	591	4	(	(	PUNCT
taxlaw-6680	591	5	stating	state	VERB
taxlaw-6680	591	6	the	the	DET
taxlaw-6680	591	7	“	"	PUNCT
taxlaw-6680	591	8	fundamental	fundamental	ADJ
taxlaw-6680	591	9	principle	principle	NOUN
taxlaw-6680	591	10	”	"	PUNCT
taxlaw-6680	591	11	that	that	SCONJ
taxlaw-6680	591	12	an	an	DET
taxlaw-6680	591	13	allocation	allocation	NOUN
taxlaw-6680	591	14	must	must	AUX
taxlaw-6680	591	15	comport	comport	VERB
taxlaw-6680	591	16	with	with	ADP
taxlaw-6680	591	17	the	the	DET
taxlaw-6680	591	18	economic	economic	ADJ
taxlaw-6680	591	19	deal	deal	NOUN
taxlaw-6680	591	20	among	among	ADP
taxlaw-6680	591	21	the	the	DET
taxlaw-6680	591	22	partners	partner	NOUN
taxlaw-6680	591	23	in	in	ADP
taxlaw-6680	591	24	order	order	NOUN
taxlaw-6680	591	25	to	to	PART
taxlaw-6680	591	26	have	have	AUX
taxlaw-6680	591	27	economic	economic	ADJ
taxlaw-6680	591	28	effect	effect	NOUN
taxlaw-6680	591	29	)	)	PUNCT
taxlaw-6680	591	30	.	.	PUNCT
taxlaw-6680	592	1	107	107	NUM
taxlaw-6680	592	2	part	part	PROPN
taxlaw-6680	592	3	ii	ii	PROPN
taxlaw-6680	592	4	,	,	PUNCT
taxlaw-6680	592	5	supra	supra	NOUN
taxlaw-6680	592	6	.	.	PUNCT
taxlaw-6680	593	1	2019	2019	NUM
taxlaw-6680	593	2	]	]	PUNCT
taxlaw-6680	593	3	a	a	DET
taxlaw-6680	593	4	gain	gain	NOUN
taxlaw-6680	593	5	must	must	AUX
taxlaw-6680	593	6	lie	lie	VERB
taxlaw-6680	593	7	where	where	SCONJ
taxlaw-6680	593	8	it	it	PRON
taxlaw-6680	593	9	falls	fall	VERB
taxlaw-6680	593	10	:	:	PUNCT
taxlaw-6680	593	11	matching	match	VERB
taxlaw-6680	593	12	tax	tax	NOUN
taxlaw-6680	593	13	with	with	ADP
taxlaw-6680	593	14	economics	economic	NOUN
taxlaw-6680	593	15	in	in	ADP
taxlaw-6680	593	16	subchapter	subchapter	NOUN
taxlaw-6680	593	17	k	k	NOUN
taxlaw-6680	593	18	125	125	NUM
taxlaw-6680	593	19	expectations	expectation	NOUN
taxlaw-6680	593	20	can	can	AUX
taxlaw-6680	593	21	be	be	AUX
taxlaw-6680	593	22	ascertained	ascertain	VERB
taxlaw-6680	593	23	precisely	precisely	ADV
taxlaw-6680	593	24	at	at	ADP
taxlaw-6680	593	25	the	the	DET
taxlaw-6680	593	26	regulatory	regulatory	ADJ
taxlaw-6680	593	27	level	level	NOUN
taxlaw-6680	593	28	,	,	PUNCT
taxlaw-6680	593	29	the	the	DET
taxlaw-6680	593	30	parties	party	NOUN
taxlaw-6680	593	31	’	'	PUNCT
taxlaw-6680	593	32	ex	ex	X
taxlaw-6680	593	33	ante	ante	NOUN
taxlaw-6680	593	34	expectations	expectation	NOUN
taxlaw-6680	593	35	,	,	PUNCT
taxlaw-6680	593	36	rather	rather	ADV
taxlaw-6680	593	37	than	than	ADP
taxlaw-6680	593	38	the	the	DET
taxlaw-6680	593	39	ex	ex	ADJ
taxlaw-6680	593	40	post	post	PROPN
taxlaw-6680	593	41	outcome	outcome	NOUN
taxlaw-6680	593	42	,	,	PUNCT
taxlaw-6680	593	43	should	should	AUX
taxlaw-6680	593	44	govern	govern	VERB
taxlaw-6680	593	45	a	a	DET
taxlaw-6680	593	46	transaction	transaction	NOUN
taxlaw-6680	593	47	from	from	ADP
taxlaw-6680	593	48	an	an	DET
taxlaw-6680	593	49	efficiency	efficiency	NOUN
taxlaw-6680	593	50	perspective	perspective	NOUN
taxlaw-6680	593	51	.	.	PUNCT
taxlaw-6680	594	1	therefore	therefore	ADV
taxlaw-6680	594	2	,	,	PUNCT
taxlaw-6680	594	3	to	to	PART
taxlaw-6680	594	4	maximize	maximize	VERB
taxlaw-6680	594	5	efficiency	efficiency	NOUN
taxlaw-6680	594	6	,	,	PUNCT
taxlaw-6680	594	7	if	if	SCONJ
taxlaw-6680	594	8	the	the	DET
taxlaw-6680	594	9	partners	partner	NOUN
taxlaw-6680	594	10	do	do	AUX
taxlaw-6680	594	11	not	not	PART
taxlaw-6680	594	12	reasonably	reasonably	ADV
taxlaw-6680	594	13	expect	expect	VERB
taxlaw-6680	594	14	to	to	PART
taxlaw-6680	594	15	undertake	undertake	VERB
taxlaw-6680	594	16	certain	certain	ADJ
taxlaw-6680	594	17	economic	economic	ADJ
taxlaw-6680	594	18	activities	activity	NOUN
taxlaw-6680	594	19	that	that	PRON
taxlaw-6680	594	20	may	may	AUX
taxlaw-6680	594	21	cause	cause	VERB
taxlaw-6680	594	22	an	an	DET
taxlaw-6680	594	23	allocation	allocation	NOUN
taxlaw-6680	594	24	to	to	PART
taxlaw-6680	594	25	fail	fail	VERB
taxlaw-6680	594	26	the	the	DET
taxlaw-6680	594	27	eee	eee	NOUN
taxlaw-6680	594	28	test	test	NOUN
taxlaw-6680	594	29	,	,	PUNCT
taxlaw-6680	594	30	the	the	DET
taxlaw-6680	594	31	allocation	allocation	NOUN
taxlaw-6680	594	32	should	should	AUX
taxlaw-6680	594	33	not	not	PART
taxlaw-6680	594	34	be	be	AUX
taxlaw-6680	594	35	disregarded	disregard	VERB
taxlaw-6680	594	36	merely	merely	ADV
taxlaw-6680	594	37	because	because	SCONJ
taxlaw-6680	594	38	a	a	DET
taxlaw-6680	594	39	technical	technical	ADJ
taxlaw-6680	594	40	failure	failure	NOUN
taxlaw-6680	594	41	of	of	ADP
taxlaw-6680	594	42	the	the	DET
taxlaw-6680	594	43	eee	eee	NOUN
taxlaw-6680	594	44	test	test	NOUN
taxlaw-6680	594	45	may	may	AUX
taxlaw-6680	594	46	be	be	AUX
taxlaw-6680	594	47	a	a	DET
taxlaw-6680	594	48	logical	logical	ADJ
taxlaw-6680	594	49	ex	ex	ADJ
taxlaw-6680	594	50	post	post	NOUN
taxlaw-6680	594	51	outcome	outcome	NOUN
taxlaw-6680	594	52	.	.	PUNCT
taxlaw-6680	595	1	second	second	ADJ
taxlaw-6680	595	2	,	,	PUNCT
taxlaw-6680	595	3	since	since	SCONJ
taxlaw-6680	595	4	in	in	ADP
taxlaw-6680	595	5	theory	theory	NOUN
taxlaw-6680	595	6	all	all	DET
taxlaw-6680	595	7	partnerships	partnership	NOUN
taxlaw-6680	595	8	may	may	AUX
taxlaw-6680	595	9	engage	engage	VERB
taxlaw-6680	595	10	in	in	ADP
taxlaw-6680	595	11	unlimited	unlimited	ADJ
taxlaw-6680	595	12	recourse	recourse	NOUN
taxlaw-6680	595	13	borrowing	borrowing	NOUN
taxlaw-6680	595	14	or	or	CCONJ
taxlaw-6680	595	15	other	other	ADJ
taxlaw-6680	595	16	transactions	transaction	NOUN
taxlaw-6680	595	17	which	which	PRON
taxlaw-6680	595	18	may	may	AUX
taxlaw-6680	595	19	cause	cause	VERB
taxlaw-6680	595	20	a	a	DET
taxlaw-6680	595	21	capital	capital	NOUN
taxlaw-6680	595	22	account	account	NOUN
taxlaw-6680	595	23	deficit	deficit	NOUN
taxlaw-6680	595	24	under	under	ADP
taxlaw-6680	595	25	certain	certain	ADJ
taxlaw-6680	595	26	conditions	condition	NOUN
taxlaw-6680	595	27	,	,	PUNCT
taxlaw-6680	595	28	such	such	ADJ
taxlaw-6680	595	29	as	as	ADP
taxlaw-6680	595	30	in	in	ADP
taxlaw-6680	595	31	a	a	DET
taxlaw-6680	595	32	“	"	PUNCT
taxlaw-6680	595	33	doomsday	doomsday	NOUN
taxlaw-6680	595	34	”	"	PUNCT
taxlaw-6680	595	35	scenario	scenario	NOUN
taxlaw-6680	595	36	,	,	PUNCT
taxlaw-6680	595	37	the	the	DET
taxlaw-6680	595	38	strict	strict	ADJ
taxlaw-6680	595	39	interpretation	interpretation	NOUN
taxlaw-6680	595	40	essentially	essentially	ADV
taxlaw-6680	595	41	requires	require	VERB
taxlaw-6680	595	42	all	all	DET
taxlaw-6680	595	43	partners	partner	NOUN
taxlaw-6680	595	44	to	to	PART
taxlaw-6680	595	45	have	have	VERB
taxlaw-6680	595	46	an	an	DET
taxlaw-6680	595	47	unlimited	unlimited	ADJ
taxlaw-6680	595	48	dro	dro	NOUN
taxlaw-6680	595	49	under	under	ADP
taxlaw-6680	595	50	a	a	DET
taxlaw-6680	595	51	partnership	partnership	NOUN
taxlaw-6680	595	52	agreement	agreement	NOUN
taxlaw-6680	595	53	or	or	CCONJ
taxlaw-6680	595	54	under	under	ADP
taxlaw-6680	595	55	state	state	NOUN
taxlaw-6680	595	56	law	law	NOUN
taxlaw-6680	595	57	in	in	ADP
taxlaw-6680	595	58	order	order	NOUN
taxlaw-6680	595	59	to	to	PART
taxlaw-6680	595	60	satisfy	satisfy	VERB
taxlaw-6680	595	61	the	the	DET
taxlaw-6680	595	62	eee	eee	NOUN
taxlaw-6680	595	63	test.108	test.108	NOUN
taxlaw-6680	595	64	this	this	PRON
taxlaw-6680	595	65	may	may	AUX
taxlaw-6680	595	66	bring	bring	VERB
taxlaw-6680	595	67	the	the	DET
taxlaw-6680	595	68	eee	eee	NOUN
taxlaw-6680	595	69	test	test	NOUN
taxlaw-6680	595	70	too	too	ADV
taxlaw-6680	595	71	close	close	ADV
taxlaw-6680	595	72	to	to	ADP
taxlaw-6680	595	73	the	the	DET
taxlaw-6680	595	74	primary	primary	ADJ
taxlaw-6680	595	75	test	test	NOUN
taxlaw-6680	595	76	and	and	CCONJ
taxlaw-6680	595	77	reduces	reduce	VERB
taxlaw-6680	595	78	its	its	PRON
taxlaw-6680	595	79	usefulness	usefulness	NOUN
taxlaw-6680	595	80	in	in	ADP
taxlaw-6680	595	81	giving	give	VERB
taxlaw-6680	595	82	economic	economic	ADJ
taxlaw-6680	595	83	effect	effect	NOUN
taxlaw-6680	595	84	to	to	ADP
taxlaw-6680	595	85	allocations	allocation	NOUN
taxlaw-6680	595	86	that	that	PRON
taxlaw-6680	595	87	do	do	AUX
taxlaw-6680	595	88	not	not	PART
taxlaw-6680	595	89	follow	follow	VERB
taxlaw-6680	595	90	the	the	DET
taxlaw-6680	595	91	treasury	treasury	NOUN
taxlaw-6680	595	92	’s	’s	PART
taxlaw-6680	595	93	capital	capital	NOUN
taxlaw-6680	595	94	account	account	NOUN
taxlaw-6680	595	95	approach	approach	NOUN
taxlaw-6680	595	96	but	but	CCONJ
taxlaw-6680	595	97	are	be	AUX
taxlaw-6680	595	98	nonetheless	nonetheless	ADV
taxlaw-6680	595	99	harmless.109	harmless.109	VERB
taxlaw-6680	595	100	the	the	DET
taxlaw-6680	595	101	liberal	liberal	ADJ
taxlaw-6680	595	102	interpretation	interpretation	NOUN
taxlaw-6680	595	103	should	should	AUX
taxlaw-6680	595	104	also	also	ADV
taxlaw-6680	595	105	be	be	AUX
taxlaw-6680	595	106	rejected	reject	VERB
taxlaw-6680	595	107	because	because	SCONJ
taxlaw-6680	595	108	it	it	PRON
taxlaw-6680	595	109	requires	require	VERB
taxlaw-6680	595	110	too	too	ADV
taxlaw-6680	595	111	much	much	ADV
taxlaw-6680	595	112	factfinding	factfinding	NOUN
taxlaw-6680	595	113	and	and	CCONJ
taxlaw-6680	595	114	causes	cause	VERB
taxlaw-6680	595	115	too	too	ADV
taxlaw-6680	595	116	much	much	ADJ
taxlaw-6680	595	117	uncertainty	uncertainty	NOUN
taxlaw-6680	595	118	and	and	CCONJ
taxlaw-6680	595	119	therefore	therefore	ADV
taxlaw-6680	595	120	diminishes	diminish	VERB
taxlaw-6680	595	121	the	the	DET
taxlaw-6680	595	122	utility	utility	NOUN
taxlaw-6680	595	123	of	of	ADP
taxlaw-6680	595	124	the	the	DET
taxlaw-6680	595	125	eee	eee	NOUN
taxlaw-6680	595	126	as	as	ADP
taxlaw-6680	595	127	a	a	DET
taxlaw-6680	595	128	safe	safe	ADJ
taxlaw-6680	595	129	harbor	harbor	NOUN
taxlaw-6680	595	130	.	.	PUNCT
taxlaw-6680	596	1	consider	consider	VERB
taxlaw-6680	596	2	the	the	DET
taxlaw-6680	596	3	following	follow	VERB
taxlaw-6680	596	4	example	example	NOUN
taxlaw-6680	596	5	.	.	PUNCT
taxlaw-6680	597	1	example	example	NOUN
taxlaw-6680	597	2	four	four	NUM
taxlaw-6680	597	3	a	a	PRON
taxlaw-6680	597	4	and	and	CCONJ
taxlaw-6680	597	5	b	b	NOUN
taxlaw-6680	597	6	each	each	PRON
taxlaw-6680	597	7	contribute	contribute	VERB
taxlaw-6680	597	8	$	$	SYM
taxlaw-6680	597	9	500x	500x	NUM
taxlaw-6680	597	10	to	to	PART
taxlaw-6680	597	11	form	form	VERB
taxlaw-6680	597	12	a	a	DET
taxlaw-6680	597	13	general	general	ADJ
taxlaw-6680	597	14	partnership	partnership	NOUN
taxlaw-6680	597	15	,	,	PUNCT
taxlaw-6680	597	16	and	and	CCONJ
taxlaw-6680	597	17	the	the	DET
taxlaw-6680	597	18	partnership	partnership	NOUN
taxlaw-6680	597	19	acquires	acquire	VERB
taxlaw-6680	597	20	a	a	DET
taxlaw-6680	597	21	depreciable	depreciable	ADJ
taxlaw-6680	597	22	building	building	NOUN
taxlaw-6680	597	23	for	for	ADP
taxlaw-6680	597	24	$	$	SYM
taxlaw-6680	597	25	1,000x	1,000x	NUM
taxlaw-6680	597	26	to	to	PART
taxlaw-6680	597	27	be	be	AUX
taxlaw-6680	597	28	rented	rent	VERB
taxlaw-6680	597	29	out	out	ADP
taxlaw-6680	597	30	.	.	PUNCT
taxlaw-6680	598	1	the	the	DET
taxlaw-6680	598	2	partnership	partnership	NOUN
taxlaw-6680	598	3	agreement	agreement	NOUN
taxlaw-6680	598	4	provides	provide	VERB
taxlaw-6680	598	5	that	that	SCONJ
taxlaw-6680	598	6	all	all	DET
taxlaw-6680	598	7	partnership	partnership	NOUN
taxlaw-6680	598	8	items	item	NOUN
taxlaw-6680	598	9	are	be	AUX
taxlaw-6680	598	10	shared	share	VERB
taxlaw-6680	598	11	equally	equally	ADV
taxlaw-6680	598	12	except	except	SCONJ
taxlaw-6680	598	13	that	that	SCONJ
taxlaw-6680	598	14	all	all	DET
taxlaw-6680	598	15	depreciation	depreciation	NOUN
taxlaw-6680	598	16	will	will	AUX
taxlaw-6680	598	17	be	be	AUX
taxlaw-6680	598	18	allocated	allocate	VERB
taxlaw-6680	598	19	to	to	ADP
taxlaw-6680	598	20	a	a	PRON
taxlaw-6680	598	21	,	,	PUNCT
taxlaw-6680	598	22	but	but	CCONJ
taxlaw-6680	598	23	there	there	PRON
taxlaw-6680	598	24	is	be	VERB
taxlaw-6680	598	25	no	no	DET
taxlaw-6680	598	26	dro	dro	NOUN
taxlaw-6680	598	27	requirement	requirement	NOUN
taxlaw-6680	598	28	and	and	CCONJ
taxlaw-6680	598	29	no	no	DET
taxlaw-6680	598	30	provisions	provision	NOUN
taxlaw-6680	598	31	that	that	PRON
taxlaw-6680	598	32	tend	tend	VERB
taxlaw-6680	598	33	to	to	PART
taxlaw-6680	598	34	restrict	restrict	VERB
taxlaw-6680	598	35	capital	capital	NOUN
taxlaw-6680	598	36	account	account	NOUN
taxlaw-6680	598	37	deficits	deficit	NOUN
taxlaw-6680	598	38	in	in	ADP
taxlaw-6680	598	39	the	the	DET
taxlaw-6680	598	40	agreement	agreement	NOUN
taxlaw-6680	598	41	.	.	PUNCT
taxlaw-6680	599	1	the	the	DET
taxlaw-6680	599	2	partners	partner	NOUN
taxlaw-6680	599	3	claim	claim	VERB
taxlaw-6680	599	4	that	that	SCONJ
taxlaw-6680	599	5	they	they	PRON
taxlaw-6680	599	6	reasonably	reasonably	ADV
taxlaw-6680	599	7	expect	expect	VERB
taxlaw-6680	599	8	a	a	DET
taxlaw-6680	599	9	’s	’s	ADJ
taxlaw-6680	599	10	share	share	NOUN
taxlaw-6680	599	11	of	of	ADP
taxlaw-6680	599	12	future	future	ADJ
taxlaw-6680	599	13	rent	rent	NOUN
taxlaw-6680	599	14	to	to	PART
taxlaw-6680	599	15	fully	fully	ADV
taxlaw-6680	599	16	offset	offset	VERB
taxlaw-6680	599	17	his	his	PRON
taxlaw-6680	599	18	share	share	NOUN
taxlaw-6680	599	19	of	of	ADP
taxlaw-6680	599	20	partnership	partnership	NOUN
taxlaw-6680	599	21	expenses	expense	NOUN
taxlaw-6680	599	22	including	include	VERB
taxlaw-6680	599	23	depreciation	depreciation	NOUN
taxlaw-6680	599	24	,	,	PUNCT
taxlaw-6680	599	25	and	and	CCONJ
taxlaw-6680	599	26	leasing	lease	VERB
taxlaw-6680	599	27	the	the	DET
taxlaw-6680	599	28	building	building	NOUN
taxlaw-6680	599	29	will	will	AUX
taxlaw-6680	599	30	be	be	AUX
taxlaw-6680	599	31	the	the	DET
taxlaw-6680	599	32	only	only	ADJ
taxlaw-6680	599	33	partnership	partnership	NOUN
taxlaw-6680	599	34	activity	activity	NOUN
taxlaw-6680	599	35	.	.	PUNCT
taxlaw-6680	600	1	based	base	VERB
taxlaw-6680	600	2	on	on	ADP
taxlaw-6680	600	3	this	this	PRON
taxlaw-6680	600	4	,	,	PUNCT
taxlaw-6680	600	5	they	they	PRON
taxlaw-6680	600	6	argue	argue	VERB
taxlaw-6680	600	7	that	that	SCONJ
taxlaw-6680	600	8	a	a	DET
taxlaw-6680	600	9	capital	capital	NOUN
taxlaw-6680	600	10	account	account	NOUN
taxlaw-6680	600	11	deficit	deficit	NOUN
taxlaw-6680	600	12	is	be	AUX
taxlaw-6680	600	13	unlikely	unlikely	ADJ
taxlaw-6680	600	14	and	and	CCONJ
taxlaw-6680	600	15	thus	thus	ADV
taxlaw-6680	600	16	the	the	DET
taxlaw-6680	600	17	allocation	allocation	NOUN
taxlaw-6680	600	18	satisfies	satisfy	VERB
taxlaw-6680	600	19	the	the	DET
taxlaw-6680	600	20	eee	eee	NOUN
taxlaw-6680	600	21	test	test	NOUN
taxlaw-6680	600	22	.	.	PUNCT
taxlaw-6680	601	1	in	in	ADP
taxlaw-6680	601	2	this	this	DET
taxlaw-6680	601	3	case	case	NOUN
taxlaw-6680	601	4	,	,	PUNCT
taxlaw-6680	601	5	the	the	DET
taxlaw-6680	601	6	liberal	liberal	ADJ
taxlaw-6680	601	7	interpretation	interpretation	NOUN
taxlaw-6680	601	8	will	will	AUX
taxlaw-6680	601	9	not	not	PART
taxlaw-6680	601	10	only	only	ADV
taxlaw-6680	601	11	welcome	welcome	VERB
taxlaw-6680	601	12	ex	ex	PRON
taxlaw-6680	601	13	post	post	NOUN
taxlaw-6680	601	14	justifications	justification	NOUN
taxlaw-6680	601	15	,	,	PUNCT
taxlaw-6680	601	16	but	but	CCONJ
taxlaw-6680	601	17	also	also	ADV
taxlaw-6680	601	18	require	require	VERB
taxlaw-6680	601	19	determination	determination	NOUN
taxlaw-6680	601	20	on	on	ADP
taxlaw-6680	601	21	difficult	difficult	ADJ
taxlaw-6680	601	22	factual	factual	ADJ
taxlaw-6680	601	23	questions	question	NOUN
taxlaw-6680	601	24	such	such	ADJ
taxlaw-6680	601	25	as	as	ADP
taxlaw-6680	601	26	the	the	DET
taxlaw-6680	601	27	fair	fair	ADJ
taxlaw-6680	601	28	rental	rental	ADJ
taxlaw-6680	601	29	value	value	NOUN
taxlaw-6680	601	30	of	of	ADP
taxlaw-6680	601	31	the	the	DET
taxlaw-6680	601	32	building	building	NOUN
taxlaw-6680	601	33	and	and	CCONJ
taxlaw-6680	601	34	the	the	DET
taxlaw-6680	601	35	likelihood	likelihood	NOUN
taxlaw-6680	601	36	of	of	ADP
taxlaw-6680	601	37	a	a	DET
taxlaw-6680	601	38	future	future	ADJ
taxlaw-6680	601	39	property	property	NOUN
taxlaw-6680	601	40	tax	tax	NOUN
taxlaw-6680	601	41	increase	increase	NOUN
taxlaw-6680	601	42	.	.	PUNCT
taxlaw-6680	602	1	it	it	PRON
taxlaw-6680	602	2	would	would	AUX
taxlaw-6680	602	3	also	also	ADV
taxlaw-6680	602	4	unduly	unduly	ADV
taxlaw-6680	602	5	enlarge	enlarge	VERB
taxlaw-6680	602	6	the	the	DET
taxlaw-6680	602	7	scope	scope	NOUN
taxlaw-6680	602	8	and	and	CCONJ
taxlaw-6680	602	9	uncertainty	uncertainty	NOUN
taxlaw-6680	602	10	of	of	ADP
taxlaw-6680	602	11	the	the	DET
taxlaw-6680	602	12	eee	eee	NOUN
taxlaw-6680	602	13	test	test	NOUN
taxlaw-6680	602	14	,	,	PUNCT
taxlaw-6680	602	15	which	which	PRON
taxlaw-6680	602	16	was	be	AUX
taxlaw-6680	602	17	originally	originally	ADV
taxlaw-6680	602	18	intended	intend	VERB
taxlaw-6680	602	19	only	only	ADV
taxlaw-6680	602	20	as	as	ADP
taxlaw-6680	602	21	a	a	DET
taxlaw-6680	602	22	limited	limited	ADJ
taxlaw-6680	602	23	exception	exception	NOUN
taxlaw-6680	602	24	for	for	ADP
taxlaw-6680	602	25	unsophisticated	unsophisticated	ADJ
taxlaw-6680	602	26	taxpayers.110	taxpayers.110	NOUN
taxlaw-6680	602	27	if	if	SCONJ
taxlaw-6680	602	28	the	the	DET
taxlaw-6680	602	29	partners	partner	NOUN
taxlaw-6680	602	30	are	be	AUX
taxlaw-6680	602	31	sophisticated	sophisticated	ADJ
taxlaw-6680	602	32	enough	enough	ADV
taxlaw-6680	602	33	to	to	PART
taxlaw-6680	602	34	predict	predict	VERB
taxlaw-6680	602	35	the	the	DET
taxlaw-6680	602	36	success	success	NOUN
taxlaw-6680	602	37	of	of	ADP
taxlaw-6680	602	38	their	their	PRON
taxlaw-6680	602	39	business	business	NOUN
taxlaw-6680	602	40	,	,	PUNCT
taxlaw-6680	602	41	they	they	PRON
taxlaw-6680	602	42	should	should	AUX
taxlaw-6680	602	43	have	have	VERB
taxlaw-6680	602	44	no	no	DET
taxlaw-6680	602	45	problem	problem	NOUN
taxlaw-6680	602	46	complying	comply	VERB
taxlaw-6680	602	47	with	with	ADP
taxlaw-6680	602	48	the	the	DET
taxlaw-6680	602	49	primary	primary	ADJ
taxlaw-6680	602	50	test	test	NOUN
taxlaw-6680	602	51	or	or	CCONJ
taxlaw-6680	602	52	including	include	VERB
taxlaw-6680	602	53	provisions	provision	NOUN
taxlaw-6680	602	54	that	that	PRON
taxlaw-6680	602	55	tend	tend	VERB
taxlaw-6680	602	56	to	to	PART
taxlaw-6680	602	57	prevent	prevent	VERB
taxlaw-6680	602	58	capital	capital	NOUN
taxlaw-6680	602	59	account	account	NOUN
taxlaw-6680	602	60	deficits	deficit	NOUN
taxlaw-6680	602	61	.	.	PUNCT
taxlaw-6680	603	1	thus	thus	ADV
taxlaw-6680	603	2	,	,	PUNCT
taxlaw-6680	603	3	the	the	DET
taxlaw-6680	603	4	best	good	ADJ
taxlaw-6680	603	5	interpretation	interpretation	NOUN
taxlaw-6680	603	6	of	of	ADP
taxlaw-6680	603	7	the	the	DET
taxlaw-6680	603	8	phrase	phrase	NOUN
taxlaw-6680	603	9	“	"	PUNCT
taxlaw-6680	603	10	regardless	regardless	ADV
taxlaw-6680	603	11	of	of	ADP
taxlaw-6680	603	12	the	the	DET
taxlaw-6680	603	13	economic	economic	ADJ
taxlaw-6680	603	14	performance	performance	NOUN
taxlaw-6680	603	15	of	of	ADP
taxlaw-6680	603	16	the	the	DET
taxlaw-6680	603	17	partnership	partnership	NOUN
taxlaw-6680	603	18	”	"	PUNCT
taxlaw-6680	603	19	in	in	ADP
taxlaw-6680	603	20	the	the	DET
taxlaw-6680	603	21	eee	eee	NOUN
taxlaw-6680	603	22	test	test	NOUN
taxlaw-6680	603	23	seems	seem	VERB
taxlaw-6680	603	24	to	to	PART
taxlaw-6680	603	25	be	be	AUX
taxlaw-6680	603	26	the	the	DET
taxlaw-6680	603	27	intermediate	intermediate	ADJ
taxlaw-6680	603	28	interpretation	interpretation	NOUN
taxlaw-6680	603	29	.	.	PUNCT
taxlaw-6680	604	1	specifically	specifically	ADV
taxlaw-6680	604	2	,	,	PUNCT
taxlaw-6680	604	3	the	the	DET
taxlaw-6680	604	4	eee	eee	NOUN
taxlaw-6680	604	5	test	test	NOUN
taxlaw-6680	604	6	should	should	AUX
taxlaw-6680	604	7	be	be	AUX
taxlaw-6680	604	8	applied	apply	VERB
taxlaw-6680	604	9	only	only	ADV
taxlaw-6680	604	10	based	base	VERB
taxlaw-6680	604	11	on	on	ADP
taxlaw-6680	604	12	the	the	DET
taxlaw-6680	604	13	type	type	NOUN
taxlaw-6680	604	14	of	of	ADP
taxlaw-6680	604	15	current	current	ADJ
taxlaw-6680	604	16	and	and	CCONJ
taxlaw-6680	604	17	reasonably	reasonably	ADV
taxlaw-6680	604	18	expected	expect	VERB
taxlaw-6680	604	19	future	future	NOUN
taxlaw-6680	604	20	108	108	NUM
taxlaw-6680	604	21	for	for	ADP
taxlaw-6680	604	22	the	the	DET
taxlaw-6680	604	23	so	so	ADV
taxlaw-6680	604	24	-	-	PUNCT
taxlaw-6680	604	25	called	call	VERB
taxlaw-6680	604	26	“	"	PUNCT
taxlaw-6680	604	27	doomsday	doomsday	NOUN
taxlaw-6680	604	28	”	"	PUNCT
taxlaw-6680	604	29	test	test	NOUN
taxlaw-6680	604	30	,	,	PUNCT
taxlaw-6680	604	31	see	see	VERB
taxlaw-6680	604	32	treas	treas	PROPN
taxlaw-6680	604	33	.	.	PUNCT
taxlaw-6680	605	1	reg	reg	PROPN
taxlaw-6680	605	2	.	.	PUNCT
taxlaw-6680	606	1	§	§	PROPN
taxlaw-6680	606	2	1.752	1.752	NUM
taxlaw-6680	606	3	-	-	SYM
taxlaw-6680	606	4	2(b	2(b	NUM
taxlaw-6680	606	5	)	)	PUNCT
taxlaw-6680	606	6	.	.	PUNCT
taxlaw-6680	607	1	109	109	NUM
taxlaw-6680	607	2	note	note	NOUN
taxlaw-6680	607	3	that	that	SCONJ
taxlaw-6680	607	4	the	the	DET
taxlaw-6680	607	5	alternate	alternate	ADJ
taxlaw-6680	607	6	test	test	NOUN
taxlaw-6680	607	7	does	do	AUX
taxlaw-6680	607	8	not	not	PART
taxlaw-6680	607	9	require	require	VERB
taxlaw-6680	607	10	an	an	DET
taxlaw-6680	607	11	unlimited	unlimited	ADJ
taxlaw-6680	607	12	dro	dro	NOUN
taxlaw-6680	607	13	,	,	PUNCT
taxlaw-6680	607	14	but	but	CCONJ
taxlaw-6680	607	15	only	only	ADV
taxlaw-6680	607	16	that	that	SCONJ
taxlaw-6680	607	17	an	an	DET
taxlaw-6680	607	18	allocation	allocation	NOUN
taxlaw-6680	607	19	does	do	AUX
taxlaw-6680	607	20	not	not	PART
taxlaw-6680	607	21	create	create	VERB
taxlaw-6680	607	22	or	or	CCONJ
taxlaw-6680	607	23	increase	increase	VERB
taxlaw-6680	607	24	a	a	DET
taxlaw-6680	607	25	deficit	deficit	NOUN
taxlaw-6680	607	26	in	in	ADP
taxlaw-6680	607	27	excess	excess	NOUN
taxlaw-6680	607	28	of	of	ADP
taxlaw-6680	607	29	any	any	DET
taxlaw-6680	607	30	dro	dro	NOUN
taxlaw-6680	607	31	and	and	CCONJ
taxlaw-6680	607	32	a	a	DET
taxlaw-6680	607	33	qio	qio	NOUN
taxlaw-6680	607	34	provision	provision	NOUN
taxlaw-6680	607	35	in	in	ADP
taxlaw-6680	607	36	a	a	DET
taxlaw-6680	607	37	partnership	partnership	NOUN
taxlaw-6680	607	38	agreement	agreement	NOUN
taxlaw-6680	607	39	.	.	PUNCT
taxlaw-6680	608	1	treas	treas	PROPN
taxlaw-6680	608	2	.	.	PUNCT
taxlaw-6680	609	1	reg	reg	PROPN
taxlaw-6680	609	2	.	.	PUNCT
taxlaw-6680	610	1	§	§	NOUN
taxlaw-6680	610	2	1.704	1.704	NUM
taxlaw-6680	610	3	–	–	PUNCT
taxlaw-6680	610	4	1(b)(2)(ii)(d	1(b)(2)(ii)(d	NUM
taxlaw-6680	610	5	)	)	PUNCT
taxlaw-6680	610	6	.	.	PUNCT
taxlaw-6680	611	1	however	however	ADV
taxlaw-6680	611	2	,	,	PUNCT
taxlaw-6680	611	3	the	the	DET
taxlaw-6680	611	4	so	so	ADV
taxlaw-6680	611	5	-	-	PUNCT
taxlaw-6680	611	6	called	call	VERB
taxlaw-6680	611	7	“	"	PUNCT
taxlaw-6680	611	8	safe	safe	ADJ
taxlaw-6680	611	9	harbor	harbor	NOUN
taxlaw-6680	611	10	result	result	NOUN
taxlaw-6680	611	11	”	"	PUNCT
taxlaw-6680	611	12	that	that	SCONJ
taxlaw-6680	611	13	the	the	DET
taxlaw-6680	611	14	eee	eee	NOUN
taxlaw-6680	611	15	test	test	NOUN
taxlaw-6680	611	16	requires	require	VERB
taxlaw-6680	611	17	is	be	AUX
taxlaw-6680	611	18	the	the	DET
taxlaw-6680	611	19	result	result	NOUN
taxlaw-6680	611	20	under	under	ADP
taxlaw-6680	611	21	the	the	DET
taxlaw-6680	611	22	primary	primary	ADJ
taxlaw-6680	611	23	test	test	NOUN
taxlaw-6680	611	24	.	.	PUNCT
taxlaw-6680	612	1	see	see	VERB
taxlaw-6680	612	2	treas	treas	PROPN
taxlaw-6680	612	3	.	.	PUNCT
taxlaw-6680	613	1	reg	reg	PROPN
taxlaw-6680	613	2	.	.	PUNCT
taxlaw-6680	614	1	§	§	NOUN
taxlaw-6680	614	2	1.704–1(b)(2)(ii)(i	1.704–1(b)(2)(ii)(i	NOUN
taxlaw-6680	614	3	)	)	PUNCT
taxlaw-6680	614	4	.	.	PUNCT
taxlaw-6680	615	1	see	see	VERB
taxlaw-6680	615	2	also	also	ADV
taxlaw-6680	615	3	nysba	nysba	NOUN
taxlaw-6680	615	4	tax	tax	NOUN
taxlaw-6680	615	5	section	section	NOUN
taxlaw-6680	615	6	,	,	PUNCT
taxlaw-6680	615	7	supra	supra	PROPN
taxlaw-6680	615	8	note	note	NOUN
taxlaw-6680	615	9	102	102	NUM
taxlaw-6680	615	10	,	,	PUNCT
taxlaw-6680	615	11	at	at	ADP
taxlaw-6680	615	12	31	31	NUM
taxlaw-6680	615	13	(	(	PUNCT
taxlaw-6680	615	14	“	"	PUNCT
taxlaw-6680	615	15	if	if	SCONJ
taxlaw-6680	615	16	an	an	DET
taxlaw-6680	615	17	agreement	agreement	NOUN
taxlaw-6680	615	18	contains	contain	VERB
taxlaw-6680	615	19	a	a	DET
taxlaw-6680	615	20	dro	dro	NOUN
taxlaw-6680	615	21	,	,	PUNCT
taxlaw-6680	615	22	target	target	NOUN
taxlaw-6680	615	23	allocations	allocation	NOUN
taxlaw-6680	615	24	will	will	AUX
taxlaw-6680	615	25	necessarily	necessarily	ADV
taxlaw-6680	615	26	take	take	VERB
taxlaw-6680	615	27	account	account	NOUN
taxlaw-6680	615	28	of	of	ADP
taxlaw-6680	615	29	the	the	DET
taxlaw-6680	615	30	dro	dro	NOUN
taxlaw-6680	615	31	and	and	CCONJ
taxlaw-6680	615	32	will	will	AUX
taxlaw-6680	615	33	necessarily	necessarily	ADV
taxlaw-6680	615	34	produce	produce	VERB
taxlaw-6680	615	35	the	the	DET
taxlaw-6680	615	36	safe	safe	ADJ
taxlaw-6680	615	37	harbor	harbor	NOUN
taxlaw-6680	615	38	result	result	NOUN
taxlaw-6680	615	39	required	require	VERB
taxlaw-6680	615	40	under	under	ADP
taxlaw-6680	615	41	the	the	DET
taxlaw-6680	615	42	eee	eee	NOUN
taxlaw-6680	615	43	test	test	NOUN
taxlaw-6680	615	44	…	…	PUNCT
taxlaw-6680	615	45	”	"	PUNCT
taxlaw-6680	615	46	)	)	PUNCT
taxlaw-6680	615	47	;	;	PUNCT
taxlaw-6680	615	48	see	see	VERB
taxlaw-6680	615	49	also	also	ADV
taxlaw-6680	615	50	cavanagh	cavanagh	PROPN
taxlaw-6680	615	51	,	,	PUNCT
taxlaw-6680	615	52	supra	supra	PROPN
taxlaw-6680	615	53	note	note	VERB
taxlaw-6680	615	54	39,at	39,at	NUM
taxlaw-6680	615	55	95	95	NUM
taxlaw-6680	615	56	-	-	SYM
taxlaw-6680	615	57	96	96	NUM
taxlaw-6680	615	58	(	(	PUNCT
taxlaw-6680	615	59	believing	believe	VERB
taxlaw-6680	615	60	that	that	SCONJ
taxlaw-6680	615	61	reading	read	VERB
taxlaw-6680	615	62	the	the	DET
taxlaw-6680	615	63	eee	eee	NOUN
taxlaw-6680	615	64	test	test	NOUN
taxlaw-6680	615	65	as	as	ADP
taxlaw-6680	615	66	having	have	VERB
taxlaw-6680	615	67	an	an	DET
taxlaw-6680	615	68	implied	imply	VERB
taxlaw-6680	615	69	unlimited	unlimited	ADJ
taxlaw-6680	615	70	dro	dro	PROPN
taxlaw-6680	615	71	requirement	requirement	NOUN
taxlaw-6680	615	72	is	be	AUX
taxlaw-6680	615	73	too	too	ADV
taxlaw-6680	615	74	narrow	narrow	ADJ
taxlaw-6680	615	75	;	;	PUNCT
taxlaw-6680	615	76	in	in	ADP
taxlaw-6680	615	77	addition	addition	NOUN
taxlaw-6680	615	78	,	,	PUNCT
taxlaw-6680	615	79	unlimited	unlimited	ADJ
taxlaw-6680	615	80	dro	dro	PROPN
taxlaw-6680	615	81	in	in	ADP
taxlaw-6680	615	82	state	state	NOUN
taxlaw-6680	615	83	law	law	NOUN
taxlaw-6680	615	84	partnerships	partnership	NOUN
taxlaw-6680	615	85	is	be	AUX
taxlaw-6680	615	86	rare	rare	ADJ
taxlaw-6680	615	87	today	today	NOUN
taxlaw-6680	615	88	)	)	PUNCT
taxlaw-6680	615	89	.	.	PUNCT
taxlaw-6680	616	1	110	110	NUM
taxlaw-6680	616	2	see	see	VERB
taxlaw-6680	616	3	i.r.s	i.r.s	PROPN
taxlaw-6680	616	4	.	.	PUNCT
taxlaw-6680	616	5	,	,	PUNCT
taxlaw-6680	616	6	supra	supra	PROPN
taxlaw-6680	616	7	note	note	VERB
taxlaw-6680	616	8	93	93	NUM
taxlaw-6680	616	9	.	.	PUNCT
taxlaw-6680	617	1	[	[	X
taxlaw-6680	617	2	vol	vol	NOUN
taxlaw-6680	617	3	.	.	PUNCT
taxlaw-6680	617	4	11:1	11:1	NUM
taxlaw-6680	617	5	columbia	columbia	PROPN
taxlaw-6680	617	6	journal	journal	PROPN
taxlaw-6680	617	7	of	of	ADP
taxlaw-6680	617	8	tax	tax	NOUN
taxlaw-6680	617	9	law	law	NOUN
taxlaw-6680	617	10	126	126	NUM
taxlaw-6680	617	11	activities	activity	NOUN
taxlaw-6680	617	12	of	of	ADP
taxlaw-6680	617	13	the	the	DET
taxlaw-6680	617	14	partnership	partnership	NOUN
taxlaw-6680	617	15	,	,	PUNCT
taxlaw-6680	617	16	but	but	CCONJ
taxlaw-6680	617	17	for	for	ADP
taxlaw-6680	617	18	each	each	DET
taxlaw-6680	617	19	such	such	ADJ
taxlaw-6680	617	20	activity	activity	NOUN
taxlaw-6680	617	21	,	,	PUNCT
taxlaw-6680	617	22	one	one	PRON
taxlaw-6680	617	23	should	should	AUX
taxlaw-6680	617	24	consider	consider	VERB
taxlaw-6680	617	25	all	all	DET
taxlaw-6680	617	26	possible	possible	ADJ
taxlaw-6680	617	27	economic	economic	ADJ
taxlaw-6680	617	28	outcomes	outcome	NOUN
taxlaw-6680	617	29	unless	unless	SCONJ
taxlaw-6680	617	30	certain	certain	ADJ
taxlaw-6680	617	31	provisions	provision	NOUN
taxlaw-6680	617	32	in	in	ADP
taxlaw-6680	617	33	the	the	DET
taxlaw-6680	617	34	partnership	partnership	NOUN
taxlaw-6680	617	35	agreement	agreement	NOUN
taxlaw-6680	617	36	tend	tend	VERB
taxlaw-6680	617	37	to	to	PART
taxlaw-6680	617	38	eliminate	eliminate	VERB
taxlaw-6680	617	39	some	some	PRON
taxlaw-6680	617	40	of	of	ADP
taxlaw-6680	617	41	those	those	DET
taxlaw-6680	617	42	outcomes	outcome	NOUN
taxlaw-6680	617	43	.	.	PUNCT
taxlaw-6680	618	1	the	the	DET
taxlaw-6680	618	2	intermediate	intermediate	ADJ
taxlaw-6680	618	3	interpretation	interpretation	NOUN
taxlaw-6680	618	4	also	also	ADV
taxlaw-6680	618	5	best	well	ADV
taxlaw-6680	618	6	reflects	reflect	VERB
taxlaw-6680	618	7	the	the	DET
taxlaw-6680	618	8	policy	policy	NOUN
taxlaw-6680	618	9	behind	behind	ADP
taxlaw-6680	618	10	the	the	DET
taxlaw-6680	618	11	eee	eee	NOUN
taxlaw-6680	618	12	test	test	NOUN
taxlaw-6680	618	13	,	,	PUNCT
taxlaw-6680	618	14	which	which	PRON
taxlaw-6680	618	15	seems	seem	VERB
taxlaw-6680	618	16	to	to	PART
taxlaw-6680	618	17	be	be	AUX
taxlaw-6680	618	18	balancing	balance	VERB
taxlaw-6680	618	19	the	the	DET
taxlaw-6680	618	20	goal	goal	NOUN
taxlaw-6680	618	21	of	of	ADP
taxlaw-6680	618	22	matching	match	VERB
taxlaw-6680	618	23	tax	tax	NOUN
taxlaw-6680	618	24	consequences	consequence	NOUN
taxlaw-6680	618	25	with	with	ADP
taxlaw-6680	618	26	economic	economic	ADJ
taxlaw-6680	618	27	realities	reality	NOUN
taxlaw-6680	618	28	with	with	ADP
taxlaw-6680	618	29	the	the	DET
taxlaw-6680	618	30	need	need	NOUN
taxlaw-6680	618	31	to	to	PART
taxlaw-6680	618	32	avoid	avoid	VERB
taxlaw-6680	618	33	disturbing	disturb	VERB
taxlaw-6680	618	34	an	an	DET
taxlaw-6680	618	35	efficient	efficient	ADJ
taxlaw-6680	618	36	business	business	NOUN
taxlaw-6680	618	37	arrangement	arrangement	NOUN
taxlaw-6680	618	38	for	for	ADP
taxlaw-6680	618	39	failure	failure	NOUN
taxlaw-6680	618	40	to	to	PART
taxlaw-6680	618	41	comply	comply	VERB
taxlaw-6680	618	42	with	with	ADP
taxlaw-6680	618	43	the	the	DET
taxlaw-6680	618	44	treasury	treasury	NOUN
taxlaw-6680	618	45	’s	’s	PART
taxlaw-6680	618	46	technical	technical	ADJ
taxlaw-6680	618	47	rules	rule	NOUN
taxlaw-6680	618	48	.	.	PUNCT
taxlaw-6680	619	1	3	3	X
taxlaw-6680	619	2	.	.	X
taxlaw-6680	619	3	dro	dro	PROPN
taxlaw-6680	619	4	requirement	requirement	NOUN
taxlaw-6680	619	5	and	and	CCONJ
taxlaw-6680	619	6	the	the	DET
taxlaw-6680	619	7	eee	eee	NOUN
taxlaw-6680	619	8	test	test	NOUN
taxlaw-6680	619	9	a	a	DET
taxlaw-6680	619	10	rejection	rejection	NOUN
taxlaw-6680	619	11	of	of	ADP
taxlaw-6680	619	12	the	the	DET
taxlaw-6680	619	13	strict	strict	ADJ
taxlaw-6680	619	14	interpretation	interpretation	NOUN
taxlaw-6680	619	15	leads	lead	VERB
taxlaw-6680	619	16	to	to	ADP
taxlaw-6680	619	17	an	an	DET
taxlaw-6680	619	18	interesting	interesting	ADJ
taxlaw-6680	619	19	inquiry	inquiry	NOUN
taxlaw-6680	619	20	:	:	PUNCT
taxlaw-6680	619	21	when	when	SCONJ
taxlaw-6680	619	22	,	,	PUNCT
taxlaw-6680	619	23	if	if	SCONJ
taxlaw-6680	619	24	ever	ever	ADV
taxlaw-6680	619	25	,	,	PUNCT
taxlaw-6680	619	26	an	an	DET
taxlaw-6680	619	27	unlimited	unlimited	ADJ
taxlaw-6680	619	28	dro	dro	NOUN
taxlaw-6680	619	29	under	under	ADP
taxlaw-6680	619	30	a	a	DET
taxlaw-6680	619	31	partnership	partnership	NOUN
taxlaw-6680	619	32	agreement	agreement	NOUN
taxlaw-6680	619	33	or	or	CCONJ
taxlaw-6680	619	34	state	state	NOUN
taxlaw-6680	619	35	law	law	NOUN
taxlaw-6680	619	36	is	be	AUX
taxlaw-6680	619	37	required	require	VERB
taxlaw-6680	619	38	for	for	ADP
taxlaw-6680	619	39	an	an	DET
taxlaw-6680	619	40	allocation	allocation	NOUN
taxlaw-6680	619	41	to	to	PART
taxlaw-6680	619	42	satisfy	satisfy	VERB
taxlaw-6680	619	43	the	the	DET
taxlaw-6680	619	44	eee	eee	NOUN
taxlaw-6680	619	45	test	test	NOUN
taxlaw-6680	619	46	.	.	PUNCT
taxlaw-6680	620	1	one	one	PRON
taxlaw-6680	620	2	may	may	AUX
taxlaw-6680	620	3	argue	argue	VERB
taxlaw-6680	620	4	that	that	SCONJ
taxlaw-6680	620	5	an	an	DET
taxlaw-6680	620	6	unlimited	unlimited	ADJ
taxlaw-6680	620	7	dro	dro	NOUN
taxlaw-6680	620	8	throughout	throughout	ADP
taxlaw-6680	620	9	the	the	DET
taxlaw-6680	620	10	term	term	NOUN
taxlaw-6680	620	11	of	of	ADP
taxlaw-6680	620	12	the	the	DET
taxlaw-6680	620	13	partnership	partnership	NOUN
taxlaw-6680	620	14	is	be	AUX
taxlaw-6680	620	15	always	always	ADV
taxlaw-6680	620	16	required	require	VERB
taxlaw-6680	620	17	to	to	PART
taxlaw-6680	620	18	satisfy	satisfy	VERB
taxlaw-6680	620	19	the	the	DET
taxlaw-6680	620	20	eee	eee	NOUN
taxlaw-6680	620	21	test	test	NOUN
taxlaw-6680	620	22	,	,	PUNCT
taxlaw-6680	620	23	on	on	ADP
taxlaw-6680	620	24	the	the	DET
taxlaw-6680	620	25	ground	ground	NOUN
taxlaw-6680	620	26	that	that	SCONJ
taxlaw-6680	620	27	without	without	ADP
taxlaw-6680	620	28	such	such	ADJ
taxlaw-6680	620	29	unlimited	unlimited	ADJ
taxlaw-6680	620	30	dro	dro	PROPN
taxlaw-6680	620	31	,	,	PUNCT
taxlaw-6680	620	32	there	there	PRON
taxlaw-6680	620	33	is	be	VERB
taxlaw-6680	620	34	always	always	ADV
taxlaw-6680	620	35	a	a	DET
taxlaw-6680	620	36	possibility	possibility	NOUN
taxlaw-6680	620	37	that	that	SCONJ
taxlaw-6680	620	38	the	the	DET
taxlaw-6680	620	39	partners	partner	NOUN
taxlaw-6680	620	40	can	can	AUX
taxlaw-6680	620	41	modify	modify	VERB
taxlaw-6680	620	42	their	their	PRON
taxlaw-6680	620	43	agreement	agreement	NOUN
taxlaw-6680	620	44	in	in	ADP
taxlaw-6680	620	45	the	the	DET
taxlaw-6680	620	46	year	year	NOUN
taxlaw-6680	620	47	of	of	ADP
taxlaw-6680	620	48	actual	actual	ADJ
taxlaw-6680	620	49	liquidation	liquidation	NOUN
taxlaw-6680	620	50	to	to	PART
taxlaw-6680	620	51	provide	provide	VERB
taxlaw-6680	620	52	for	for	ADP
taxlaw-6680	620	53	a	a	DET
taxlaw-6680	620	54	liquidating	liquidate	VERB
taxlaw-6680	620	55	distribution	distribution	NOUN
taxlaw-6680	620	56	that	that	PRON
taxlaw-6680	620	57	fails	fail	VERB
taxlaw-6680	620	58	to	to	PART
taxlaw-6680	620	59	reflect	reflect	VERB
taxlaw-6680	620	60	their	their	PRON
taxlaw-6680	620	61	prior	prior	ADJ
taxlaw-6680	620	62	share	share	NOUN
taxlaw-6680	620	63	of	of	ADP
taxlaw-6680	620	64	partnership	partnership	NOUN
taxlaw-6680	620	65	items.111	items.111	PROPN
taxlaw-6680	620	66	consider	consider	VERB
taxlaw-6680	620	67	the	the	DET
taxlaw-6680	620	68	following	follow	VERB
taxlaw-6680	620	69	example	example	NOUN
taxlaw-6680	620	70	.	.	PUNCT
taxlaw-6680	621	1	example	example	NOUN
taxlaw-6680	622	1	five	five	NUM
taxlaw-6680	622	2	assume	assume	VERB
taxlaw-6680	622	3	the	the	DET
taxlaw-6680	622	4	same	same	ADJ
taxlaw-6680	622	5	facts	fact	NOUN
taxlaw-6680	622	6	in	in	ADP
taxlaw-6680	622	7	example	example	NOUN
taxlaw-6680	622	8	two	two	NUM
taxlaw-6680	622	9	,	,	PUNCT
taxlaw-6680	622	10	except	except	SCONJ
taxlaw-6680	622	11	that	that	SCONJ
taxlaw-6680	622	12	the	the	DET
taxlaw-6680	622	13	partnership	partnership	NOUN
taxlaw-6680	622	14	,	,	PUNCT
taxlaw-6680	622	15	a	a	DET
taxlaw-6680	622	16	calendar	calendar	NOUN
taxlaw-6680	622	17	year	year	NOUN
taxlaw-6680	622	18	taxpayer	taxpayer	PROPN
taxlaw-6680	622	19	,	,	PUNCT
taxlaw-6680	622	20	acquires	acquire	VERB
taxlaw-6680	622	21	depreciable	depreciable	ADJ
taxlaw-6680	622	22	equipment	equipment	NOUN
taxlaw-6680	622	23	with	with	ADP
taxlaw-6680	622	24	a	a	DET
taxlaw-6680	622	25	10	10	NUM
taxlaw-6680	622	26	-	-	PUNCT
taxlaw-6680	622	27	year	year	NOUN
taxlaw-6680	622	28	useful	useful	ADJ
taxlaw-6680	622	29	life	life	NOUN
taxlaw-6680	622	30	(	(	PUNCT
taxlaw-6680	622	31	assuming	assume	VERB
taxlaw-6680	622	32	that	that	SCONJ
taxlaw-6680	622	33	straightline	straightline	NOUN
taxlaw-6680	622	34	method	method	NOUN
taxlaw-6680	622	35	is	be	AUX
taxlaw-6680	622	36	used	use	VERB
taxlaw-6680	622	37	)	)	PUNCT
taxlaw-6680	622	38	and	and	CCONJ
taxlaw-6680	622	39	no	no	DET
taxlaw-6680	622	40	salvage	salvage	NOUN
taxlaw-6680	622	41	value	value	NOUN
taxlaw-6680	622	42	for	for	ADP
taxlaw-6680	622	43	$	$	SYM
taxlaw-6680	622	44	100,000x	100,000x	NUM
taxlaw-6680	622	45	on	on	ADP
taxlaw-6680	622	46	01/01/20x1	01/01/20x1	NOUN
taxlaw-6680	622	47	.	.	PUNCT
taxlaw-6680	623	1	the	the	DET
taxlaw-6680	623	2	partnership	partnership	NOUN
taxlaw-6680	623	3	breaks	break	VERB
taxlaw-6680	623	4	even	even	ADV
taxlaw-6680	623	5	each	each	DET
taxlaw-6680	623	6	year	year	NOUN
taxlaw-6680	623	7	from	from	ADP
taxlaw-6680	623	8	the	the	DET
taxlaw-6680	623	9	operation	operation	NOUN
taxlaw-6680	623	10	of	of	ADP
taxlaw-6680	623	11	the	the	DET
taxlaw-6680	623	12	equipment	equipment	NOUN
taxlaw-6680	623	13	,	,	PUNCT
taxlaw-6680	623	14	which	which	PRON
taxlaw-6680	623	15	is	be	AUX
taxlaw-6680	623	16	its	its	PRON
taxlaw-6680	623	17	sole	sole	ADJ
taxlaw-6680	623	18	activity	activity	NOUN
taxlaw-6680	623	19	,	,	PUNCT
taxlaw-6680	623	20	without	without	ADP
taxlaw-6680	623	21	considering	consider	VERB
taxlaw-6680	623	22	depreciation	depreciation	NOUN
taxlaw-6680	623	23	,	,	PUNCT
taxlaw-6680	623	24	which	which	PRON
taxlaw-6680	623	25	is	be	AUX
taxlaw-6680	623	26	its	its	PRON
taxlaw-6680	623	27	only	only	ADJ
taxlaw-6680	623	28	noncash	noncash	NOUN
taxlaw-6680	623	29	expense	expense	NOUN
taxlaw-6680	623	30	.	.	PUNCT
taxlaw-6680	624	1	after	after	ADP
taxlaw-6680	624	2	5	5	NUM
taxlaw-6680	624	3	years	year	NOUN
taxlaw-6680	624	4	,	,	PUNCT
taxlaw-6680	624	5	the	the	DET
taxlaw-6680	624	6	partnership	partnership	NOUN
taxlaw-6680	624	7	’s	’s	PART
taxlaw-6680	624	8	balance	balance	NOUN
taxlaw-6680	624	9	sheet	sheet	NOUN
taxlaw-6680	624	10	may	may	AUX
taxlaw-6680	624	11	look	look	VERB
taxlaw-6680	624	12	as	as	SCONJ
taxlaw-6680	624	13	follows	follow	VERB
taxlaw-6680	624	14	:	:	PUNCT
taxlaw-6680	624	15	partnership	partnership	NOUN
taxlaw-6680	624	16	’s	’s	PART
taxlaw-6680	624	17	book	book	NOUN
taxlaw-6680	624	18	safe	safe	ADJ
taxlaw-6680	624	19	harbor	harbor	NOUN
taxlaw-6680	624	20	capital	capital	PROPN
taxlaw-6680	624	21	account	account	PROPN
taxlaw-6680	624	22	asset	asset	NOUN
taxlaw-6680	624	23	asset	asset	NOUN
taxlaw-6680	624	24	equipment	equipment	NOUN
taxlaw-6680	624	25	$	$	SYM
taxlaw-6680	624	26	50,000x	50,000x	NUM
taxlaw-6680	624	27	equipment	equipment	NOUN
taxlaw-6680	624	28	$	$	SYM
taxlaw-6680	624	29	50,000x	50,000x	NUM
taxlaw-6680	624	30	capital	capital	NOUN
taxlaw-6680	624	31	capital	capital	NOUN
taxlaw-6680	624	32	g	g	PROPN
taxlaw-6680	624	33	’s	’s	PART
taxlaw-6680	624	34	capital	capital	NOUN
taxlaw-6680	624	35	37,500x	37,500x	NOUN
taxlaw-6680	624	36	g	g	NOUN
taxlaw-6680	624	37	’s	’s	PART
taxlaw-6680	624	38	capital	capital	NOUN
taxlaw-6680	625	1	37,500x	37,500x	NUM
taxlaw-6680	625	2	h	h	NOUN
taxlaw-6680	625	3	’s	’s	PART
taxlaw-6680	625	4	capital	capital	NOUN
taxlaw-6680	625	5	12,500x	12,500x	ADV
taxlaw-6680	625	6	h	h	NOUN
taxlaw-6680	625	7	’s	’s	ADJ
taxlaw-6680	625	8	capital	capital	NOUN
taxlaw-6680	625	9	12,500x	12,500x	ADV
taxlaw-6680	625	10	on	on	ADP
taxlaw-6680	625	11	12/31/20x5	12/31/20x5	NUM
taxlaw-6680	625	12	,	,	PUNCT
taxlaw-6680	625	13	the	the	DET
taxlaw-6680	625	14	partners	partner	NOUN
taxlaw-6680	625	15	modify	modify	VERB
taxlaw-6680	625	16	their	their	PRON
taxlaw-6680	625	17	agreement	agreement	NOUN
taxlaw-6680	625	18	to	to	PART
taxlaw-6680	625	19	provide	provide	VERB
taxlaw-6680	625	20	that	that	SCONJ
taxlaw-6680	625	21	all	all	DET
taxlaw-6680	625	22	liquidating	liquidating	NOUN
taxlaw-6680	625	23	distributions	distribution	NOUN
taxlaw-6680	625	24	will	will	AUX
taxlaw-6680	625	25	be	be	AUX
taxlaw-6680	625	26	made	make	VERB
taxlaw-6680	625	27	to	to	PART
taxlaw-6680	625	28	g.	g.	VERB
taxlaw-6680	625	29	the	the	DET
taxlaw-6680	625	30	partnership	partnership	NOUN
taxlaw-6680	625	31	then	then	ADV
taxlaw-6680	625	32	sells	sell	VERB
taxlaw-6680	625	33	the	the	DET
taxlaw-6680	625	34	equipment	equipment	NOUN
taxlaw-6680	625	35	for	for	ADP
taxlaw-6680	625	36	$	$	SYM
taxlaw-6680	625	37	50,000x	50,000x	NUM
taxlaw-6680	625	38	(	(	PUNCT
taxlaw-6680	625	39	its	its	PRON
taxlaw-6680	625	40	presumed	presume	VERB
taxlaw-6680	625	41	fair	fair	ADJ
taxlaw-6680	625	42	market	market	NOUN
taxlaw-6680	625	43	value	value	NOUN
taxlaw-6680	625	44	)	)	PUNCT
taxlaw-6680	625	45	,	,	PUNCT
taxlaw-6680	625	46	distributes	distribute	VERB
taxlaw-6680	625	47	all	all	DET
taxlaw-6680	625	48	$	$	SYM
taxlaw-6680	625	49	50,000x	50,000x	NUM
taxlaw-6680	625	50	cash	cash	NOUN
taxlaw-6680	625	51	to	to	ADP
taxlaw-6680	625	52	g	g	NOUN
taxlaw-6680	625	53	,	,	PUNCT
taxlaw-6680	625	54	and	and	CCONJ
taxlaw-6680	625	55	liquidates	liquidate	NOUN
taxlaw-6680	625	56	.	.	PUNCT
taxlaw-6680	626	1	immediately	immediately	ADV
taxlaw-6680	626	2	after	after	ADP
taxlaw-6680	626	3	liquidation	liquidation	NOUN
taxlaw-6680	626	4	,	,	PUNCT
taxlaw-6680	626	5	the	the	DET
taxlaw-6680	626	6	partnership	partnership	NOUN
taxlaw-6680	626	7	’s	’s	PART
taxlaw-6680	626	8	balance	balance	NOUN
taxlaw-6680	626	9	sheet	sheet	NOUN
taxlaw-6680	626	10	is	be	AUX
taxlaw-6680	626	11	as	as	SCONJ
taxlaw-6680	626	12	follows	follow	VERB
taxlaw-6680	626	13	:	:	PUNCT
taxlaw-6680	626	14	partnership	partnership	NOUN
taxlaw-6680	626	15	’s	’s	PART
taxlaw-6680	626	16	book	book	NOUN
taxlaw-6680	626	17	safe	safe	ADJ
taxlaw-6680	626	18	harbor	harbor	NOUN
taxlaw-6680	626	19	capital	capital	PROPN
taxlaw-6680	626	20	account	account	PROPN
taxlaw-6680	626	21	capital	capital	NOUN
taxlaw-6680	626	22	capital	capital	PROPN
taxlaw-6680	626	23	g	g	PROPN
taxlaw-6680	626	24	’s	’s	PART
taxlaw-6680	626	25	capital	capital	NOUN
taxlaw-6680	626	26	(	(	PUNCT
taxlaw-6680	626	27	$	$	SYM
taxlaw-6680	626	28	12,500)x	12,500)x	NUM
taxlaw-6680	627	1	g	g	NOUN
taxlaw-6680	627	2	’s	’s	PART
taxlaw-6680	627	3	capital	capital	NOUN
taxlaw-6680	627	4	(	(	PUNCT
taxlaw-6680	627	5	$	$	SYM
taxlaw-6680	627	6	12,500)x	12,500)x	NUM
taxlaw-6680	627	7	h	h	NOUN
taxlaw-6680	627	8	’s	’s	PART
taxlaw-6680	627	9	capital	capital	NOUN
taxlaw-6680	627	10	12,500x	12,500x	ADV
taxlaw-6680	627	11	h	h	NOUN
taxlaw-6680	627	12	’s	’s	ADJ
taxlaw-6680	627	13	capital	capital	NOUN
taxlaw-6680	627	14	12,500x	12,500x	ADV
taxlaw-6680	627	15	here	here	ADV
taxlaw-6680	627	16	,	,	PUNCT
taxlaw-6680	627	17	the	the	DET
taxlaw-6680	627	18	liquidation	liquidation	NOUN
taxlaw-6680	627	19	result	result	VERB
taxlaw-6680	627	20	under	under	ADP
taxlaw-6680	627	21	the	the	DET
taxlaw-6680	627	22	partnership	partnership	NOUN
taxlaw-6680	627	23	agreement	agreement	NOUN
taxlaw-6680	627	24	and	and	CCONJ
taxlaw-6680	627	25	that	that	SCONJ
taxlaw-6680	627	26	under	under	ADP
taxlaw-6680	627	27	the	the	DET
taxlaw-6680	627	28	safe	safe	ADJ
taxlaw-6680	627	29	harbor	harbor	NOUN
taxlaw-6680	627	30	capital	capital	NOUN
taxlaw-6680	627	31	account	account	PROPN
taxlaw-6680	627	32	will	will	AUX
taxlaw-6680	627	33	differ	differ	VERB
taxlaw-6680	627	34	.	.	PUNCT
taxlaw-6680	628	1	under	under	ADP
taxlaw-6680	628	2	the	the	DET
taxlaw-6680	628	3	partnership	partnership	NOUN
taxlaw-6680	628	4	agreement	agreement	NOUN
taxlaw-6680	628	5	,	,	PUNCT
taxlaw-6680	628	6	because	because	SCONJ
taxlaw-6680	628	7	there	there	PRON
taxlaw-6680	628	8	is	be	VERB
taxlaw-6680	628	9	no	no	DET
taxlaw-6680	628	10	dro	dro	NOUN
taxlaw-6680	628	11	,	,	PUNCT
taxlaw-6680	628	12	111	111	NUM
taxlaw-6680	628	13	for	for	ADP
taxlaw-6680	628	14	modification	modification	NOUN
taxlaw-6680	628	15	of	of	ADP
taxlaw-6680	628	16	a	a	DET
taxlaw-6680	628	17	partnership	partnership	NOUN
taxlaw-6680	628	18	agreement	agreement	NOUN
taxlaw-6680	628	19	,	,	PUNCT
taxlaw-6680	628	20	see	see	VERB
taxlaw-6680	628	21	i.r.c	i.r.c	NOUN
taxlaw-6680	628	22	.	.	PUNCT
taxlaw-6680	629	1	§	§	PROPN
taxlaw-6680	629	2	761(c	761(c	PROPN
taxlaw-6680	629	3	)	)	PUNCT
taxlaw-6680	629	4	.	.	PUNCT
taxlaw-6680	630	1	2019	2019	NUM
taxlaw-6680	630	2	]	]	PUNCT
taxlaw-6680	630	3	a	a	DET
taxlaw-6680	630	4	gain	gain	NOUN
taxlaw-6680	630	5	must	must	AUX
taxlaw-6680	630	6	lie	lie	VERB
taxlaw-6680	630	7	where	where	SCONJ
taxlaw-6680	630	8	it	it	PRON
taxlaw-6680	630	9	falls	fall	VERB
taxlaw-6680	630	10	:	:	PUNCT
taxlaw-6680	630	11	matching	match	VERB
taxlaw-6680	630	12	tax	tax	NOUN
taxlaw-6680	630	13	with	with	ADP
taxlaw-6680	630	14	economics	economic	NOUN
taxlaw-6680	630	15	in	in	ADP
taxlaw-6680	630	16	subchapter	subchapter	NOUN
taxlaw-6680	630	17	k	k	NOUN
taxlaw-6680	630	18	127	127	NUM
taxlaw-6680	630	19	g	g	NOUN
taxlaw-6680	630	20	has	have	AUX
taxlaw-6680	630	21	been	be	AUX
taxlaw-6680	630	22	allocated	allocate	VERB
taxlaw-6680	630	23	a	a	DET
taxlaw-6680	630	24	net	net	ADJ
taxlaw-6680	630	25	loss	loss	NOUN
taxlaw-6680	630	26	of	of	ADP
taxlaw-6680	630	27	$	$	SYM
taxlaw-6680	630	28	37,500x	37,500x	NUM
taxlaw-6680	630	29	for	for	ADP
taxlaw-6680	630	30	tax	tax	NOUN
taxlaw-6680	630	31	purposes	purpose	NOUN
taxlaw-6680	630	32	but	but	CCONJ
taxlaw-6680	630	33	only	only	ADV
taxlaw-6680	630	34	economically	economically	ADV
taxlaw-6680	630	35	assumes	assume	VERB
taxlaw-6680	630	36	$	$	SYM
taxlaw-6680	630	37	25,000x	25,000x	NUM
taxlaw-6680	630	38	of	of	ADP
taxlaw-6680	630	39	such	such	ADJ
taxlaw-6680	630	40	loss	loss	NOUN
taxlaw-6680	630	41	,	,	PUNCT
taxlaw-6680	630	42	with	with	ADP
taxlaw-6680	630	43	the	the	DET
taxlaw-6680	630	44	additional	additional	ADJ
taxlaw-6680	630	45	$	$	SYM
taxlaw-6680	630	46	12,500x	12,500x	NOUN
taxlaw-6680	630	47	loss	loss	NOUN
taxlaw-6680	630	48	assumed	assume	VERB
taxlaw-6680	630	49	by	by	ADP
taxlaw-6680	630	50	h.	h.	PROPN
taxlaw-6680	630	51	under	under	ADP
taxlaw-6680	630	52	the	the	DET
taxlaw-6680	630	53	safe	safe	ADJ
taxlaw-6680	630	54	harbor	harbor	NOUN
taxlaw-6680	630	55	capital	capital	NOUN
taxlaw-6680	630	56	account	account	PROPN
taxlaw-6680	630	57	,	,	PUNCT
taxlaw-6680	630	58	because	because	SCONJ
taxlaw-6680	630	59	each	each	DET
taxlaw-6680	630	60	partner	partner	NOUN
taxlaw-6680	630	61	is	be	AUX
taxlaw-6680	630	62	assumed	assume	VERB
taxlaw-6680	630	63	to	to	PART
taxlaw-6680	630	64	have	have	VERB
taxlaw-6680	630	65	an	an	DET
taxlaw-6680	630	66	unlimited	unlimited	ADJ
taxlaw-6680	630	67	dro	dro	NOUN
taxlaw-6680	630	68	,	,	PUNCT
taxlaw-6680	630	69	g	g	PROPN
taxlaw-6680	630	70	is	be	AUX
taxlaw-6680	630	71	obligated	obligate	VERB
taxlaw-6680	630	72	to	to	PART
taxlaw-6680	630	73	contribute	contribute	VERB
taxlaw-6680	630	74	$	$	SYM
taxlaw-6680	630	75	12,500x	12,500x	NOUN
taxlaw-6680	630	76	to	to	ADP
taxlaw-6680	630	77	the	the	DET
taxlaw-6680	630	78	partnership	partnership	NOUN
taxlaw-6680	630	79	to	to	PART
taxlaw-6680	630	80	be	be	AUX
taxlaw-6680	630	81	distributed	distribute	VERB
taxlaw-6680	630	82	to	to	ADP
taxlaw-6680	630	83	h.	h.	PROPN
taxlaw-6680	630	84	thus	thus	ADV
taxlaw-6680	630	85	,	,	PUNCT
taxlaw-6680	630	86	the	the	DET
taxlaw-6680	630	87	75/25	75/25	NUM
taxlaw-6680	630	88	allocation	allocation	NOUN
taxlaw-6680	630	89	as	as	SCONJ
taxlaw-6680	630	90	described	describe	VERB
taxlaw-6680	630	91	in	in	ADP
taxlaw-6680	630	92	example	example	NOUN
taxlaw-6680	630	93	two	two	NUM
taxlaw-6680	630	94	will	will	AUX
taxlaw-6680	630	95	technically	technically	ADV
taxlaw-6680	630	96	fail	fail	VERB
taxlaw-6680	630	97	the	the	DET
taxlaw-6680	630	98	eee	eee	NOUN
taxlaw-6680	630	99	test	test	NOUN
taxlaw-6680	630	100	from	from	ADP
taxlaw-6680	630	101	the	the	DET
taxlaw-6680	630	102	very	very	ADJ
taxlaw-6680	630	103	beginning	beginning	NOUN
taxlaw-6680	630	104	because	because	SCONJ
taxlaw-6680	630	105	of	of	ADP
taxlaw-6680	630	106	the	the	DET
taxlaw-6680	630	107	possibility	possibility	NOUN
taxlaw-6680	630	108	that	that	SCONJ
taxlaw-6680	630	109	the	the	DET
taxlaw-6680	630	110	scenario	scenario	NOUN
taxlaw-6680	630	111	above	above	ADV
taxlaw-6680	630	112	may	may	AUX
taxlaw-6680	630	113	occur	occur	VERB
taxlaw-6680	630	114	(	(	PUNCT
taxlaw-6680	630	115	call	call	VERB
taxlaw-6680	630	116	it	it	PRON
taxlaw-6680	630	117	a	a	DET
taxlaw-6680	630	118	“	"	PUNCT
taxlaw-6680	630	119	liquidation	liquidation	NOUN
taxlaw-6680	630	120	surprise	surprise	NOUN
taxlaw-6680	630	121	”	"	PUNCT
taxlaw-6680	630	122	)	)	PUNCT
taxlaw-6680	630	123	.	.	PUNCT
taxlaw-6680	631	1	note	note	VERB
taxlaw-6680	631	2	that	that	SCONJ
taxlaw-6680	631	3	logically	logically	ADV
taxlaw-6680	631	4	,	,	PUNCT
taxlaw-6680	631	5	the	the	DET
taxlaw-6680	631	6	possibility	possibility	NOUN
taxlaw-6680	631	7	of	of	ADP
taxlaw-6680	631	8	a	a	DET
taxlaw-6680	631	9	liquidation	liquidation	NOUN
taxlaw-6680	631	10	surprise	surprise	NOUN
taxlaw-6680	631	11	can	can	AUX
taxlaw-6680	631	12	not	not	PART
taxlaw-6680	631	13	be	be	AUX
taxlaw-6680	631	14	explained	explain	VERB
taxlaw-6680	631	15	away	away	ADP
taxlaw-6680	631	16	by	by	ADP
taxlaw-6680	631	17	a	a	DET
taxlaw-6680	631	18	“	"	PUNCT
taxlaw-6680	631	19	reasonable	reasonable	ADJ
taxlaw-6680	631	20	expectation	expectation	NOUN
taxlaw-6680	631	21	”	"	PUNCT
taxlaw-6680	631	22	of	of	ADP
taxlaw-6680	631	23	not	not	PART
taxlaw-6680	631	24	to	to	PART
taxlaw-6680	631	25	have	have	AUX
taxlaw-6680	631	26	a	a	DET
taxlaw-6680	631	27	liquidation	liquidation	NOUN
taxlaw-6680	631	28	surprise	surprise	NOUN
taxlaw-6680	631	29	.	.	PUNCT
taxlaw-6680	632	1	since	since	SCONJ
taxlaw-6680	632	2	the	the	DET
taxlaw-6680	632	3	decision	decision	NOUN
taxlaw-6680	632	4	is	be	AUX
taxlaw-6680	632	5	almost	almost	ADV
taxlaw-6680	632	6	purely	purely	ADV
taxlaw-6680	632	7	subjective	subjective	ADJ
taxlaw-6680	632	8	,	,	PUNCT
taxlaw-6680	632	9	such	such	DET
taxlaw-6680	632	10	an	an	DET
taxlaw-6680	632	11	expectation	expectation	NOUN
taxlaw-6680	632	12	can	can	AUX
taxlaw-6680	632	13	not	not	PART
taxlaw-6680	632	14	be	be	AUX
taxlaw-6680	632	15	“	"	PUNCT
taxlaw-6680	632	16	reasonable	reasonable	ADJ
taxlaw-6680	632	17	.	.	PUNCT
taxlaw-6680	632	18	”	"	PUNCT
taxlaw-6680	633	1	the	the	DET
taxlaw-6680	633	2	problem	problem	NOUN
taxlaw-6680	633	3	of	of	ADP
taxlaw-6680	633	4	a	a	DET
taxlaw-6680	633	5	liquidation	liquidation	NOUN
taxlaw-6680	633	6	surprise	surprise	NOUN
taxlaw-6680	633	7	can	can	AUX
taxlaw-6680	633	8	theoretically	theoretically	ADV
taxlaw-6680	633	9	happen	happen	VERB
taxlaw-6680	633	10	under	under	ADP
taxlaw-6680	633	11	the	the	DET
taxlaw-6680	633	12	eee	eee	NOUN
taxlaw-6680	633	13	test	test	NOUN
taxlaw-6680	633	14	because	because	SCONJ
taxlaw-6680	633	15	the	the	DET
taxlaw-6680	633	16	eee	eee	NOUN
taxlaw-6680	633	17	test	test	NOUN
taxlaw-6680	633	18	requires	require	VERB
taxlaw-6680	633	19	an	an	DET
taxlaw-6680	633	20	allocation	allocation	NOUN
taxlaw-6680	633	21	to	to	PART
taxlaw-6680	633	22	generate	generate	VERB
taxlaw-6680	633	23	the	the	DET
taxlaw-6680	633	24	same	same	ADJ
taxlaw-6680	633	25	liquidation	liquidation	NOUN
taxlaw-6680	633	26	result	result	NOUN
taxlaw-6680	633	27	as	as	ADP
taxlaw-6680	633	28	that	that	PRON
taxlaw-6680	633	29	under	under	ADP
taxlaw-6680	633	30	the	the	DET
taxlaw-6680	633	31	primary	primary	ADJ
taxlaw-6680	633	32	test	test	NOUN
taxlaw-6680	633	33	in	in	ADP
taxlaw-6680	633	34	a	a	DET
taxlaw-6680	633	35	hypothetical	hypothetical	ADJ
taxlaw-6680	633	36	liquidation	liquidation	NOUN
taxlaw-6680	633	37	,	,	PUNCT
taxlaw-6680	633	38	and	and	CCONJ
taxlaw-6680	633	39	justifies	justify	VERB
taxlaw-6680	633	40	an	an	DET
taxlaw-6680	633	41	allocation	allocation	NOUN
taxlaw-6680	633	42	based	base	VERB
taxlaw-6680	633	43	on	on	ADP
taxlaw-6680	633	44	a	a	DET
taxlaw-6680	633	45	matching	matching	NOUN
taxlaw-6680	633	46	of	of	ADP
taxlaw-6680	633	47	hypothetical	hypothetical	ADJ
taxlaw-6680	633	48	liquidation	liquidation	NOUN
taxlaw-6680	633	49	results	result	NOUN
taxlaw-6680	633	50	.	.	PUNCT
taxlaw-6680	634	1	consequently	consequently	ADV
taxlaw-6680	634	2	,	,	PUNCT
taxlaw-6680	634	3	unless	unless	SCONJ
taxlaw-6680	634	4	an	an	DET
taxlaw-6680	634	5	allocation	allocation	NOUN
taxlaw-6680	634	6	is	be	AUX
taxlaw-6680	634	7	deemed	deem	VERB
taxlaw-6680	634	8	to	to	PART
taxlaw-6680	634	9	fail	fail	VERB
taxlaw-6680	634	10	the	the	DET
taxlaw-6680	634	11	eee	eee	NOUN
taxlaw-6680	634	12	test	test	NOUN
taxlaw-6680	634	13	from	from	ADP
taxlaw-6680	634	14	the	the	DET
taxlaw-6680	634	15	very	very	ADJ
taxlaw-6680	634	16	beginning	beginning	NOUN
taxlaw-6680	634	17	because	because	SCONJ
taxlaw-6680	634	18	of	of	ADP
taxlaw-6680	634	19	the	the	DET
taxlaw-6680	634	20	possibility	possibility	NOUN
taxlaw-6680	634	21	of	of	ADP
taxlaw-6680	634	22	a	a	DET
taxlaw-6680	634	23	liquidation	liquidation	NOUN
taxlaw-6680	634	24	surprise	surprise	NOUN
taxlaw-6680	634	25	,	,	PUNCT
taxlaw-6680	634	26	the	the	DET
taxlaw-6680	634	27	eee	eee	NOUN
taxlaw-6680	634	28	test	test	NOUN
taxlaw-6680	634	29	can	can	AUX
taxlaw-6680	634	30	not	not	PART
taxlaw-6680	634	31	stop	stop	VERB
taxlaw-6680	634	32	the	the	DET
taxlaw-6680	634	33	abuse	abuse	NOUN
taxlaw-6680	634	34	.	.	PUNCT
taxlaw-6680	635	1	by	by	ADP
taxlaw-6680	635	2	the	the	DET
taxlaw-6680	635	3	time	time	NOUN
taxlaw-6680	635	4	the	the	DET
taxlaw-6680	635	5	liquidation	liquidation	NOUN
taxlaw-6680	635	6	surprise	surprise	NOUN
taxlaw-6680	635	7	occurs	occur	VERB
taxlaw-6680	635	8	in	in	ADP
taxlaw-6680	635	9	an	an	DET
taxlaw-6680	635	10	actual	actual	ADJ
taxlaw-6680	635	11	liquidation	liquidation	NOUN
taxlaw-6680	635	12	,	,	PUNCT
taxlaw-6680	635	13	allocation	allocation	NOUN
taxlaw-6680	635	14	of	of	ADP
taxlaw-6680	635	15	partnership	partnership	NOUN
taxlaw-6680	635	16	items	item	NOUN
taxlaw-6680	635	17	is	be	AUX
taxlaw-6680	635	18	no	no	ADV
taxlaw-6680	635	19	longer	long	ADV
taxlaw-6680	635	20	an	an	DET
taxlaw-6680	635	21	issue	issue	NOUN
taxlaw-6680	635	22	and	and	CCONJ
taxlaw-6680	635	23	all	all	DET
taxlaw-6680	635	24	prior	prior	ADJ
taxlaw-6680	635	25	allocations	allocation	NOUN
taxlaw-6680	635	26	have	have	AUX
taxlaw-6680	635	27	already	already	ADV
taxlaw-6680	635	28	satisfied	satisfy	VERB
taxlaw-6680	635	29	the	the	DET
taxlaw-6680	635	30	eee	eee	NOUN
taxlaw-6680	635	31	test	test	NOUN
taxlaw-6680	635	32	through	through	ADP
taxlaw-6680	635	33	a	a	DET
taxlaw-6680	635	34	matching	matching	NOUN
taxlaw-6680	635	35	of	of	ADP
taxlaw-6680	635	36	hypothetical	hypothetical	ADJ
taxlaw-6680	635	37	liquidation	liquidation	NOUN
taxlaw-6680	635	38	results.112	results.112	NOUN
taxlaw-6680	635	39	this	this	DET
taxlaw-6680	635	40	problem	problem	NOUN
taxlaw-6680	635	41	is	be	AUX
taxlaw-6680	635	42	also	also	ADV
taxlaw-6680	635	43	connected	connect	VERB
taxlaw-6680	635	44	to	to	ADP
taxlaw-6680	635	45	the	the	DET
taxlaw-6680	635	46	“	"	PUNCT
taxlaw-6680	635	47	ceiling	ceiling	NOUN
taxlaw-6680	635	48	rule	rule	NOUN
taxlaw-6680	635	49	”	"	PUNCT
taxlaw-6680	635	50	issue	issue	NOUN
taxlaw-6680	635	51	(	(	PUNCT
taxlaw-6680	635	52	discussed	discuss	VERB
taxlaw-6680	635	53	in	in	ADP
taxlaw-6680	635	54	part	part	NOUN
taxlaw-6680	635	55	iii.b.1	iii.b.1	PUNCT
taxlaw-6680	635	56	and	and	CCONJ
taxlaw-6680	635	57	will	will	AUX
taxlaw-6680	635	58	be	be	AUX
taxlaw-6680	635	59	further	far	ADV
taxlaw-6680	635	60	discussed	discuss	VERB
taxlaw-6680	635	61	in	in	ADP
taxlaw-6680	635	62	part	part	NOUN
taxlaw-6680	635	63	iv	iv	NOUN
taxlaw-6680	635	64	)	)	PUNCT
taxlaw-6680	635	65	,	,	PUNCT
taxlaw-6680	635	66	as	as	SCONJ
taxlaw-6680	635	67	the	the	DET
taxlaw-6680	635	68	section	section	NOUN
taxlaw-6680	635	69	704	704	NUM
taxlaw-6680	635	70	regulations	regulation	NOUN
taxlaw-6680	635	71	usually	usually	ADV
taxlaw-6680	635	72	disallow	disallow	VERB
taxlaw-6680	635	73	the	the	DET
taxlaw-6680	635	74	creation	creation	NOUN
taxlaw-6680	635	75	and	and	CCONJ
taxlaw-6680	635	76	allocation	allocation	NOUN
taxlaw-6680	635	77	of	of	ADP
taxlaw-6680	635	78	fictitious	fictitious	ADJ
taxlaw-6680	635	79	partnership	partnership	NOUN
taxlaw-6680	635	80	-	-	PUNCT
taxlaw-6680	635	81	level	level	NOUN
taxlaw-6680	635	82	gain	gain	NOUN
taxlaw-6680	635	83	or	or	CCONJ
taxlaw-6680	635	84	loss	loss	NOUN
taxlaw-6680	635	85	to	to	PART
taxlaw-6680	635	86	adjust	adjust	VERB
taxlaw-6680	635	87	capital	capital	NOUN
taxlaw-6680	635	88	account	account	NOUN
taxlaw-6680	635	89	balances	balance	NOUN
taxlaw-6680	635	90	and	and	CCONJ
taxlaw-6680	635	91	cause	cause	VERB
taxlaw-6680	635	92	them	they	PRON
taxlaw-6680	635	93	to	to	PART
taxlaw-6680	635	94	match	match	VERB
taxlaw-6680	635	95	the	the	DET
taxlaw-6680	635	96	actual	actual	ADJ
taxlaw-6680	635	97	liquidation	liquidation	NOUN
taxlaw-6680	635	98	result;113	result;113	PROPN
taxlaw-6680	635	99	otherwise	otherwise	ADV
taxlaw-6680	635	100	,	,	PUNCT
taxlaw-6680	635	101	maintenance	maintenance	NOUN
taxlaw-6680	635	102	of	of	ADP
taxlaw-6680	635	103	a	a	DET
taxlaw-6680	635	104	capital	capital	NOUN
taxlaw-6680	635	105	account	account	NOUN
taxlaw-6680	635	106	will	will	AUX
taxlaw-6680	635	107	be	be	AUX
taxlaw-6680	635	108	reduced	reduce	VERB
taxlaw-6680	635	109	to	to	ADP
taxlaw-6680	635	110	little	little	ADJ
taxlaw-6680	635	111	more	more	ADJ
taxlaw-6680	635	112	than	than	ADP
taxlaw-6680	635	113	an	an	DET
taxlaw-6680	635	114	accounting	accounting	NOUN
taxlaw-6680	635	115	routine	routine	NOUN
taxlaw-6680	635	116	.	.	PUNCT
taxlaw-6680	636	1	of	of	ADP
taxlaw-6680	636	2	course	course	NOUN
taxlaw-6680	636	3	,	,	PUNCT
taxlaw-6680	636	4	the	the	DET
taxlaw-6680	636	5	liquidation	liquidation	NOUN
taxlaw-6680	636	6	surprise	surprise	NOUN
taxlaw-6680	636	7	is	be	AUX
taxlaw-6680	636	8	more	more	ADJ
taxlaw-6680	636	9	of	of	ADP
taxlaw-6680	636	10	a	a	DET
taxlaw-6680	636	11	theoretical	theoretical	ADJ
taxlaw-6680	636	12	possibility	possibility	NOUN
taxlaw-6680	636	13	than	than	ADP
taxlaw-6680	636	14	an	an	DET
taxlaw-6680	636	15	actual	actual	ADJ
taxlaw-6680	636	16	abuse	abuse	NOUN
taxlaw-6680	636	17	.	.	PUNCT
taxlaw-6680	637	1	theoretically	theoretically	ADV
taxlaw-6680	637	2	,	,	PUNCT
taxlaw-6680	637	3	without	without	ADP
taxlaw-6680	637	4	an	an	DET
taxlaw-6680	637	5	unlimited	unlimited	ADJ
taxlaw-6680	637	6	dro	dro	NOUN
taxlaw-6680	637	7	“	"	PUNCT
taxlaw-6680	637	8	throughout	throughout	ADP
taxlaw-6680	637	9	the	the	DET
taxlaw-6680	637	10	full	full	ADJ
taxlaw-6680	637	11	term	term	NOUN
taxlaw-6680	637	12	of	of	ADP
taxlaw-6680	637	13	the	the	DET
taxlaw-6680	637	14	partnership,”114	partnership,”114	NOUN
taxlaw-6680	637	15	an	an	DET
taxlaw-6680	637	16	allocation	allocation	NOUN
taxlaw-6680	637	17	that	that	PRON
taxlaw-6680	637	18	satisfies	satisfy	VERB
taxlaw-6680	637	19	the	the	DET
taxlaw-6680	637	20	eee	eee	NOUN
taxlaw-6680	637	21	test	test	NOUN
taxlaw-6680	637	22	can	can	AUX
taxlaw-6680	637	23	never	never	ADV
taxlaw-6680	637	24	be	be	AUX
taxlaw-6680	637	25	economically	economically	ADV
taxlaw-6680	637	26	equivalent	equivalent	ADJ
taxlaw-6680	637	27	ex	ex	X
taxlaw-6680	637	28	ante	ante	NOUN
taxlaw-6680	637	29	to	to	ADP
taxlaw-6680	637	30	an	an	DET
taxlaw-6680	637	31	allocation	allocation	NOUN
taxlaw-6680	637	32	that	that	PRON
taxlaw-6680	637	33	satisfies	satisfy	VERB
taxlaw-6680	637	34	the	the	DET
taxlaw-6680	637	35	primary	primary	ADJ
taxlaw-6680	637	36	test	test	NOUN
taxlaw-6680	637	37	,	,	PUNCT
taxlaw-6680	637	38	regardless	regardless	ADV
taxlaw-6680	637	39	of	of	ADP
taxlaw-6680	637	40	whether	whether	SCONJ
taxlaw-6680	637	41	a	a	DET
taxlaw-6680	637	42	capital	capital	NOUN
taxlaw-6680	637	43	account	account	NOUN
taxlaw-6680	637	44	deficit	deficit	NOUN
taxlaw-6680	637	45	can	can	AUX
taxlaw-6680	637	46	be	be	AUX
taxlaw-6680	637	47	“	"	PUNCT
taxlaw-6680	637	48	reasonably	reasonably	ADV
taxlaw-6680	637	49	expected	expect	VERB
taxlaw-6680	637	50	,	,	PUNCT
taxlaw-6680	637	51	”	"	PUNCT
taxlaw-6680	637	52	because	because	SCONJ
taxlaw-6680	637	53	the	the	DET
taxlaw-6680	637	54	possibility	possibility	NOUN
taxlaw-6680	637	55	of	of	ADP
taxlaw-6680	637	56	a	a	DET
taxlaw-6680	637	57	liquidation	liquidation	NOUN
taxlaw-6680	637	58	surprise	surprise	NOUN
taxlaw-6680	637	59	can	can	AUX
taxlaw-6680	637	60	not	not	PART
taxlaw-6680	637	61	be	be	AUX
taxlaw-6680	637	62	explained	explain	VERB
taxlaw-6680	637	63	away	away	ADP
taxlaw-6680	637	64	(	(	PUNCT
taxlaw-6680	637	65	as	as	SCONJ
taxlaw-6680	637	66	is	be	AUX
taxlaw-6680	637	67	the	the	DET
taxlaw-6680	637	68	case	case	NOUN
taxlaw-6680	637	69	in	in	ADP
taxlaw-6680	637	70	example	example	NOUN
taxlaw-6680	637	71	five	five	NUM
taxlaw-6680	637	72	)	)	PUNCT
taxlaw-6680	637	73	.	.	PUNCT
taxlaw-6680	638	1	a	a	DET
taxlaw-6680	638	2	practical	practical	ADJ
taxlaw-6680	638	3	question	question	NOUN
taxlaw-6680	638	4	to	to	PART
taxlaw-6680	638	5	ask	ask	VERB
taxlaw-6680	638	6	,	,	PUNCT
taxlaw-6680	638	7	therefore	therefore	ADV
taxlaw-6680	638	8	,	,	PUNCT
taxlaw-6680	638	9	is	be	AUX
taxlaw-6680	638	10	whether	whether	SCONJ
taxlaw-6680	638	11	and	and	CCONJ
taxlaw-6680	638	12	to	to	ADP
taxlaw-6680	638	13	what	what	DET
taxlaw-6680	638	14	extent	extent	NOUN
taxlaw-6680	638	15	a	a	DET
taxlaw-6680	638	16	dro	dro	NOUN
taxlaw-6680	638	17	should	should	AUX
taxlaw-6680	638	18	be	be	AUX
taxlaw-6680	638	19	required	require	VERB
taxlaw-6680	638	20	in	in	ADP
taxlaw-6680	638	21	order	order	NOUN
taxlaw-6680	638	22	to	to	PART
taxlaw-6680	638	23	satisfy	satisfy	VERB
taxlaw-6680	638	24	the	the	DET
taxlaw-6680	638	25	eee	eee	NOUN
taxlaw-6680	638	26	test	test	NOUN
taxlaw-6680	638	27	.	.	PUNCT
taxlaw-6680	639	1	a	a	DET
taxlaw-6680	639	2	corollary	corollary	ADJ
taxlaw-6680	639	3	question	question	NOUN
taxlaw-6680	639	4	is	be	AUX
taxlaw-6680	639	5	,	,	PUNCT
taxlaw-6680	639	6	without	without	ADP
taxlaw-6680	639	7	an	an	DET
taxlaw-6680	639	8	unlimited	unlimited	ADJ
taxlaw-6680	639	9	dro	dro	NOUN
taxlaw-6680	639	10	,	,	PUNCT
taxlaw-6680	639	11	what	what	PRON
taxlaw-6680	639	12	the	the	DET
taxlaw-6680	639	13	irs	irs	PROPN
taxlaw-6680	639	14	should	should	AUX
taxlaw-6680	639	15	do	do	VERB
taxlaw-6680	639	16	in	in	ADP
taxlaw-6680	639	17	the	the	DET
taxlaw-6680	639	18	case	case	NOUN
taxlaw-6680	639	19	of	of	ADP
taxlaw-6680	639	20	an	an	DET
taxlaw-6680	639	21	unexpected	unexpected	ADJ
taxlaw-6680	639	22	capital	capital	NOUN
taxlaw-6680	639	23	account	account	NOUN
taxlaw-6680	639	24	deficit	deficit	NOUN
taxlaw-6680	639	25	if	if	SCONJ
taxlaw-6680	639	26	a	a	DET
taxlaw-6680	639	27	prior	prior	ADJ
taxlaw-6680	639	28	allocation	allocation	NOUN
taxlaw-6680	639	29	has	have	AUX
taxlaw-6680	639	30	been	be	AUX
taxlaw-6680	639	31	treated	treat	VERB
taxlaw-6680	639	32	as	as	ADP
taxlaw-6680	639	33	satisfying	satisfy	VERB
taxlaw-6680	639	34	the	the	DET
taxlaw-6680	639	35	eee	eee	NOUN
taxlaw-6680	639	36	test	test	NOUN
taxlaw-6680	639	37	.	.	PUNCT
taxlaw-6680	640	1	practitioners	practitioner	NOUN
taxlaw-6680	640	2	’	'	PUNCT
taxlaw-6680	640	3	views	view	NOUN
taxlaw-6680	640	4	on	on	ADP
taxlaw-6680	640	5	the	the	DET
taxlaw-6680	640	6	dro	dro	PROPN
taxlaw-6680	640	7	requirement	requirement	NOUN
taxlaw-6680	640	8	in	in	ADP
taxlaw-6680	640	9	the	the	DET
taxlaw-6680	640	10	eee	eee	NOUN
taxlaw-6680	640	11	test	test	NOUN
taxlaw-6680	640	12	diverge	diverge	NOUN
taxlaw-6680	640	13	.	.	PUNCT
taxlaw-6680	641	1	some	some	PRON
taxlaw-6680	641	2	,	,	PUNCT
taxlaw-6680	641	3	like	like	ADP
taxlaw-6680	641	4	cuff	cuff	NOUN
taxlaw-6680	641	5	,	,	PUNCT
taxlaw-6680	641	6	believe	believe	VERB
taxlaw-6680	641	7	that	that	SCONJ
taxlaw-6680	641	8	a	a	DET
taxlaw-6680	641	9	partnership	partnership	NOUN
taxlaw-6680	641	10	agreement	agreement	NOUN
taxlaw-6680	641	11	may	may	AUX
taxlaw-6680	641	12	need	need	VERB
taxlaw-6680	641	13	an	an	DET
taxlaw-6680	641	14	explicit	explicit	ADJ
taxlaw-6680	641	15	unlimited	unlimited	ADJ
taxlaw-6680	641	16	dro	dro	PROPN
taxlaw-6680	641	17	provision	provision	NOUN
taxlaw-6680	641	18	or	or	CCONJ
taxlaw-6680	641	19	an	an	DET
taxlaw-6680	641	20	implied	imply	VERB
taxlaw-6680	641	21	unlimited	unlimited	ADJ
taxlaw-6680	641	22	dro	dro	NOUN
taxlaw-6680	641	23	under	under	ADP
taxlaw-6680	641	24	state	state	NOUN
taxlaw-6680	641	25	law	law	NOUN
taxlaw-6680	641	26	in	in	ADP
taxlaw-6680	641	27	order	order	NOUN
taxlaw-6680	641	28	to	to	PART
taxlaw-6680	641	29	satisfy	satisfy	VERB
taxlaw-6680	641	30	the	the	DET
taxlaw-6680	641	31	eee	eee	NOUN
taxlaw-6680	641	32	test	test	NOUN
taxlaw-6680	641	33	,	,	PUNCT
taxlaw-6680	641	34	but	but	CCONJ
taxlaw-6680	641	35	also	also	ADV
taxlaw-6680	641	36	think	think	VERB
taxlaw-6680	641	37	that	that	SCONJ
taxlaw-6680	641	38	“	"	PUNCT
taxlaw-6680	641	39	this	this	DET
taxlaw-6680	641	40	matter	matter	NOUN
taxlaw-6680	641	41	is	be	AUX
taxlaw-6680	641	42	not	not	PART
taxlaw-6680	641	43	unambiguously	unambiguously	ADV
taxlaw-6680	641	44	clear	clear	ADJ
taxlaw-6680	641	45	from	from	ADP
taxlaw-6680	641	46	the	the	DET
taxlaw-6680	641	47	allocation	allocation	NOUN
taxlaw-6680	641	48	regulations	regulation	NOUN
taxlaw-6680	641	49	.	.	PUNCT
taxlaw-6680	641	50	”115	”115	PUNCT
taxlaw-6680	642	1	he	he	PRON
taxlaw-6680	642	2	also	also	ADV
taxlaw-6680	642	3	believes	believe	VERB
taxlaw-6680	642	4	that	that	SCONJ
taxlaw-6680	642	5	broad	broad	ADJ
taxlaw-6680	642	6	application	application	NOUN
taxlaw-6680	642	7	of	of	ADP
taxlaw-6680	642	8	the	the	DET
taxlaw-6680	642	9	eee	eee	NOUN
taxlaw-6680	642	10	test	test	NOUN
taxlaw-6680	642	11	to	to	ADP
taxlaw-6680	642	12	llcs	llcs	NOUN
taxlaw-6680	642	13	,	,	PUNCT
taxlaw-6680	642	14	for	for	ADP
taxlaw-6680	642	15	which	which	PRON
taxlaw-6680	642	16	an	an	DET
taxlaw-6680	642	17	unlimited	unlimited	ADJ
taxlaw-6680	642	18	dro	dro	NOUN
taxlaw-6680	642	19	is	be	AUX
taxlaw-6680	642	20	rare	rare	ADJ
taxlaw-6680	642	21	,	,	PUNCT
taxlaw-6680	642	22	should	should	AUX
taxlaw-6680	642	23	be	be	AUX
taxlaw-6680	642	24	112	112	NUM
taxlaw-6680	642	25	by	by	ADP
taxlaw-6680	642	26	contrast	contrast	NOUN
taxlaw-6680	642	27	,	,	PUNCT
taxlaw-6680	642	28	a	a	DET
taxlaw-6680	642	29	liquidation	liquidation	NOUN
taxlaw-6680	642	30	surprise	surprise	NOUN
taxlaw-6680	642	31	can	can	AUX
taxlaw-6680	642	32	not	not	PART
taxlaw-6680	642	33	happen	happen	VERB
taxlaw-6680	642	34	under	under	ADP
taxlaw-6680	642	35	the	the	DET
taxlaw-6680	642	36	primary	primary	ADJ
taxlaw-6680	642	37	test	test	NOUN
taxlaw-6680	642	38	because	because	SCONJ
taxlaw-6680	642	39	,	,	PUNCT
taxlaw-6680	642	40	to	to	PART
taxlaw-6680	642	41	be	be	AUX
taxlaw-6680	642	42	able	able	ADJ
taxlaw-6680	642	43	to	to	PART
taxlaw-6680	642	44	invoke	invoke	VERB
taxlaw-6680	642	45	the	the	DET
taxlaw-6680	642	46	primary	primary	ADJ
taxlaw-6680	642	47	test	test	NOUN
taxlaw-6680	642	48	of	of	ADP
taxlaw-6680	642	49	the	the	DET
taxlaw-6680	642	50	see	see	ADJ
taxlaw-6680	642	51	safe	safe	ADJ
taxlaw-6680	642	52	harbor	harbor	NOUN
taxlaw-6680	642	53	at	at	ADV
taxlaw-6680	642	54	all	all	ADV
taxlaw-6680	642	55	,	,	PUNCT
taxlaw-6680	642	56	the	the	DET
taxlaw-6680	642	57	partnership	partnership	NOUN
taxlaw-6680	642	58	agreement	agreement	NOUN
taxlaw-6680	642	59	must	must	AUX
taxlaw-6680	642	60	provide	provide	VERB
taxlaw-6680	642	61	liquidating	liquidating	NOUN
taxlaw-6680	642	62	distributions	distribution	NOUN
taxlaw-6680	642	63	in	in	ADP
taxlaw-6680	642	64	accordance	accordance	NOUN
taxlaw-6680	642	65	with	with	ADP
taxlaw-6680	642	66	capital	capital	NOUN
taxlaw-6680	642	67	account	account	NOUN
taxlaw-6680	642	68	balances	balance	NOUN
taxlaw-6680	642	69	and	and	CCONJ
taxlaw-6680	642	70	unlimited	unlimited	ADJ
taxlaw-6680	642	71	dros	dros	PROPN
taxlaw-6680	642	72	“	"	PUNCT
taxlaw-6680	642	73	throughout	throughout	ADP
taxlaw-6680	642	74	the	the	DET
taxlaw-6680	642	75	full	full	ADJ
taxlaw-6680	642	76	term	term	NOUN
taxlaw-6680	642	77	of	of	ADP
taxlaw-6680	642	78	the	the	DET
taxlaw-6680	642	79	partnership	partnership	NOUN
taxlaw-6680	642	80	.	.	PUNCT
taxlaw-6680	642	81	”	"	PUNCT
taxlaw-6680	643	1	see	see	VERB
taxlaw-6680	643	2	treas	treas	PROPN
taxlaw-6680	643	3	.	.	PUNCT
taxlaw-6680	644	1	reg	reg	PROPN
taxlaw-6680	644	2	.	.	PUNCT
taxlaw-6680	645	1	§	§	PROPN
taxlaw-6680	645	2	.	.	PROPN
taxlaw-6680	645	3	1.704	1.704	NUM
taxlaw-6680	645	4	-	-	NUM
taxlaw-6680	645	5	1(b)(2)(ii)(b	1(b)(2)(ii)(b	NUM
taxlaw-6680	645	6	)	)	PUNCT
taxlaw-6680	645	7	.	.	PUNCT
taxlaw-6680	646	1	113	113	NUM
taxlaw-6680	646	2	see	see	VERB
taxlaw-6680	646	3	supra	supra	PROPN
taxlaw-6680	646	4	note	note	PROPN
taxlaw-6680	646	5	52	52	NUM
taxlaw-6680	646	6	.	.	PUNCT
taxlaw-6680	647	1	see	see	AUX
taxlaw-6680	647	2	also	also	ADV
taxlaw-6680	647	3	infra	infra	VERB
taxlaw-6680	647	4	part	part	NOUN
taxlaw-6680	647	5	iv.a	iv.a	VERB
taxlaw-6680	647	6	.	.	PUNCT
taxlaw-6680	648	1	114	114	NUM
taxlaw-6680	648	2	see	see	VERB
taxlaw-6680	648	3	supra	supra	PROPN
taxlaw-6680	648	4	note	note	PROPN
taxlaw-6680	648	5	112	112	NUM
taxlaw-6680	648	6	.	.	PUNCT
taxlaw-6680	648	7	115	115	NUM
taxlaw-6680	648	8	see	see	VERB
taxlaw-6680	648	9	terence	terence	PROPN
taxlaw-6680	648	10	floyd	floyd	PROPN
taxlaw-6680	648	11	cuff	cuff	PROPN
taxlaw-6680	648	12	,	,	PUNCT
taxlaw-6680	648	13	several	several	ADJ
taxlaw-6680	648	14	thoughts	thought	NOUN
taxlaw-6680	648	15	on	on	ADP
taxlaw-6680	648	16	drafting	draft	VERB
taxlaw-6680	648	17	target	target	NOUN
taxlaw-6680	648	18	allocation	allocation	NOUN
taxlaw-6680	648	19	provisions	provision	NOUN
taxlaw-6680	648	20	,	,	PUNCT
taxlaw-6680	648	21	87	87	NUM
taxlaw-6680	648	22	taxes	taxis	NOUN
taxlaw-6680	648	23	171	171	NUM
taxlaw-6680	648	24	,	,	PUNCT
taxlaw-6680	648	25	188	188	NUM
taxlaw-6680	648	26	(	(	PUNCT
taxlaw-6680	648	27	mar	mar	PROPN
taxlaw-6680	648	28	.	.	PROPN
taxlaw-6680	648	29	2009	2009	NUM
taxlaw-6680	648	30	)	)	PUNCT
taxlaw-6680	648	31	.	.	PUNCT
taxlaw-6680	649	1	[	[	X
taxlaw-6680	649	2	vol	vol	NOUN
taxlaw-6680	649	3	.	.	PROPN
taxlaw-6680	649	4	11:1	11:1	NUM
taxlaw-6680	649	5	columbia	columbia	PROPN
taxlaw-6680	649	6	journal	journal	PROPN
taxlaw-6680	649	7	of	of	ADP
taxlaw-6680	649	8	tax	tax	NOUN
taxlaw-6680	649	9	law	law	NOUN
taxlaw-6680	649	10	128	128	NUM
taxlaw-6680	649	11	rejected.116	rejected.116	VERB
taxlaw-6680	649	12	given	give	VERB
taxlaw-6680	649	13	the	the	DET
taxlaw-6680	649	14	precision	precision	NOUN
taxlaw-6680	649	15	with	with	ADP
taxlaw-6680	649	16	which	which	PRON
taxlaw-6680	649	17	the	the	DET
taxlaw-6680	649	18	dro	dro	PROPN
taxlaw-6680	649	19	requirement	requirement	NOUN
taxlaw-6680	649	20	is	be	AUX
taxlaw-6680	649	21	written	write	VERB
taxlaw-6680	649	22	in	in	ADP
taxlaw-6680	649	23	the	the	DET
taxlaw-6680	649	24	regulations	regulation	NOUN
taxlaw-6680	649	25	and	and	CCONJ
taxlaw-6680	649	26	its	its	PRON
taxlaw-6680	649	27	arguable	arguable	ADJ
taxlaw-6680	649	28	importance	importance	NOUN
taxlaw-6680	649	29	,	,	PUNCT
taxlaw-6680	649	30	he	he	PRON
taxlaw-6680	649	31	believes	believe	VERB
taxlaw-6680	649	32	that	that	SCONJ
taxlaw-6680	649	33	the	the	DET
taxlaw-6680	649	34	treasury	treasury	NOUN
taxlaw-6680	649	35	did	do	AUX
taxlaw-6680	649	36	not	not	PART
taxlaw-6680	649	37	intend	intend	VERB
taxlaw-6680	649	38	it	it	PRON
taxlaw-6680	649	39	to	to	PART
taxlaw-6680	649	40	be	be	AUX
taxlaw-6680	649	41	easily	easily	ADV
taxlaw-6680	649	42	circumvented	circumvent	VERB
taxlaw-6680	649	43	through	through	ADP
taxlaw-6680	649	44	the	the	DET
taxlaw-6680	649	45	eee	eee	NOUN
taxlaw-6680	649	46	test	test	NOUN
taxlaw-6680	649	47	,	,	PUNCT
taxlaw-6680	649	48	which	which	PRON
taxlaw-6680	649	49	is	be	AUX
taxlaw-6680	649	50	only	only	ADV
taxlaw-6680	649	51	a	a	DET
taxlaw-6680	649	52	limited	limited	ADJ
taxlaw-6680	649	53	exception	exception	NOUN
taxlaw-6680	649	54	to	to	ADP
taxlaw-6680	649	55	the	the	DET
taxlaw-6680	649	56	extensive	extensive	ADJ
taxlaw-6680	649	57	and	and	CCONJ
taxlaw-6680	649	58	precise	precise	ADJ
taxlaw-6680	649	59	economic	economic	ADJ
taxlaw-6680	649	60	effect	effect	NOUN
taxlaw-6680	649	61	of	of	ADP
taxlaw-6680	649	62	safe	safe	ADJ
taxlaw-6680	649	63	harbors.117	harbors.117	NOUN
taxlaw-6680	649	64	however	however	ADV
taxlaw-6680	649	65	,	,	PUNCT
taxlaw-6680	649	66	cuff	cuff	NOUN
taxlaw-6680	649	67	suggests	suggest	VERB
taxlaw-6680	649	68	that	that	SCONJ
taxlaw-6680	649	69	the	the	DET
taxlaw-6680	649	70	eee	eee	NOUN
taxlaw-6680	649	71	test	test	NOUN
taxlaw-6680	649	72	should	should	AUX
taxlaw-6680	649	73	be	be	AUX
taxlaw-6680	649	74	applied	apply	VERB
taxlaw-6680	649	75	more	more	ADV
taxlaw-6680	649	76	flexibly	flexibly	ADV
taxlaw-6680	649	77	to	to	PART
taxlaw-6680	649	78	accommodate	accommodate	VERB
taxlaw-6680	649	79	the	the	DET
taxlaw-6680	649	80	prevalence	prevalence	NOUN
taxlaw-6680	649	81	of	of	ADP
taxlaw-6680	649	82	llcs	llcs	NOUN
taxlaw-6680	649	83	,	,	PUNCT
taxlaw-6680	649	84	especially	especially	ADV
taxlaw-6680	649	85	when	when	SCONJ
taxlaw-6680	649	86	the	the	DET
taxlaw-6680	649	87	lack	lack	NOUN
taxlaw-6680	649	88	of	of	ADP
taxlaw-6680	649	89	dro	dro	PROPN
taxlaw-6680	649	90	is	be	AUX
taxlaw-6680	649	91	not	not	PART
taxlaw-6680	649	92	abusive.118	abusive.118	ADJ
taxlaw-6680	649	93	others	other	NOUN
taxlaw-6680	649	94	,	,	PUNCT
taxlaw-6680	649	95	like	like	ADP
taxlaw-6680	649	96	cavanagh	cavanagh	PROPN
taxlaw-6680	649	97	and	and	CCONJ
taxlaw-6680	649	98	the	the	DET
taxlaw-6680	649	99	nysba	nysba	NOUN
taxlaw-6680	649	100	tax	tax	NOUN
taxlaw-6680	649	101	section	section	NOUN
taxlaw-6680	649	102	in	in	ADP
taxlaw-6680	649	103	its	its	PRON
taxlaw-6680	649	104	2010	2010	NUM
taxlaw-6680	649	105	report	report	NOUN
taxlaw-6680	649	106	,	,	PUNCT
taxlaw-6680	649	107	propose	propose	VERB
taxlaw-6680	649	108	a	a	DET
taxlaw-6680	649	109	more	more	ADV
taxlaw-6680	649	110	liberal	liberal	ADJ
taxlaw-6680	649	111	interpretation	interpretation	NOUN
taxlaw-6680	649	112	of	of	ADP
taxlaw-6680	649	113	the	the	DET
taxlaw-6680	649	114	eee	eee	NOUN
taxlaw-6680	649	115	test	test	NOUN
taxlaw-6680	649	116	and	and	CCONJ
taxlaw-6680	649	117	believe	believe	VERB
taxlaw-6680	649	118	that	that	SCONJ
taxlaw-6680	649	119	,	,	PUNCT
taxlaw-6680	649	120	although	although	SCONJ
taxlaw-6680	649	121	the	the	DET
taxlaw-6680	649	122	current	current	ADJ
taxlaw-6680	649	123	law	law	NOUN
taxlaw-6680	649	124	in	in	ADP
taxlaw-6680	649	125	this	this	DET
taxlaw-6680	649	126	area	area	NOUN
taxlaw-6680	649	127	is	be	AUX
taxlaw-6680	649	128	unclear	unclear	ADJ
taxlaw-6680	649	129	,	,	PUNCT
taxlaw-6680	649	130	an	an	DET
taxlaw-6680	649	131	unlimited	unlimited	ADJ
taxlaw-6680	649	132	dro	dro	NOUN
taxlaw-6680	649	133	should	should	AUX
taxlaw-6680	649	134	not	not	PART
taxlaw-6680	649	135	always	always	ADV
taxlaw-6680	649	136	be	be	AUX
taxlaw-6680	649	137	required	require	VERB
taxlaw-6680	649	138	for	for	ADP
taxlaw-6680	649	139	an	an	DET
taxlaw-6680	649	140	allocation	allocation	NOUN
taxlaw-6680	649	141	to	to	PART
taxlaw-6680	649	142	satisfy	satisfy	VERB
taxlaw-6680	649	143	the	the	DET
taxlaw-6680	649	144	eee	eee	NOUN
taxlaw-6680	649	145	test	test	NOUN
taxlaw-6680	649	146	,	,	PUNCT
taxlaw-6680	649	147	especially	especially	ADV
taxlaw-6680	649	148	when	when	SCONJ
taxlaw-6680	649	149	the	the	DET
taxlaw-6680	649	150	partnership	partnership	NOUN
taxlaw-6680	649	151	agreement	agreement	NOUN
taxlaw-6680	649	152	explicitly	explicitly	ADV
taxlaw-6680	649	153	prohibits	prohibit	VERB
taxlaw-6680	649	154	transactions	transaction	NOUN
taxlaw-6680	649	155	that	that	PRON
taxlaw-6680	649	156	may	may	AUX
taxlaw-6680	649	157	cause	cause	VERB
taxlaw-6680	649	158	a	a	DET
taxlaw-6680	649	159	capital	capital	NOUN
taxlaw-6680	649	160	account	account	NOUN
taxlaw-6680	649	161	deficit	deficit	NOUN
taxlaw-6680	649	162	or	or	CCONJ
taxlaw-6680	649	163	contains	contain	VERB
taxlaw-6680	649	164	a	a	DET
taxlaw-6680	649	165	qio	qio	NOUN
taxlaw-6680	649	166	provision.119	provision.119	PRON
taxlaw-6680	649	167	to	to	PART
taxlaw-6680	649	168	reduce	reduce	VERB
taxlaw-6680	649	169	regulatory	regulatory	ADJ
taxlaw-6680	649	170	uncertainty	uncertainty	NOUN
taxlaw-6680	649	171	,	,	PUNCT
taxlaw-6680	649	172	cavanagh	cavanagh	PROPN
taxlaw-6680	649	173	recommends	recommend	VERB
taxlaw-6680	649	174	that	that	SCONJ
taxlaw-6680	649	175	the	the	DET
taxlaw-6680	649	176	service	service	NOUN
taxlaw-6680	649	177	describe	describe	VERB
taxlaw-6680	649	178	circumstances	circumstance	NOUN
taxlaw-6680	649	179	under	under	ADP
taxlaw-6680	649	180	which	which	PRON
taxlaw-6680	649	181	the	the	DET
taxlaw-6680	649	182	eee	eee	NOUN
taxlaw-6680	649	183	test	test	NOUN
taxlaw-6680	649	184	applies	apply	VERB
taxlaw-6680	649	185	to	to	ADP
taxlaw-6680	649	186	a	a	DET
taxlaw-6680	649	187	partnership	partnership	NOUN
taxlaw-6680	649	188	without	without	ADP
taxlaw-6680	649	189	an	an	DET
taxlaw-6680	649	190	unlimited	unlimited	ADJ
taxlaw-6680	649	191	dro	dro	NOUN
taxlaw-6680	649	192	in	in	ADP
taxlaw-6680	649	193	a	a	DET
taxlaw-6680	649	194	notice	notice	NOUN
taxlaw-6680	649	195	or	or	CCONJ
taxlaw-6680	649	196	revenue	revenue	NOUN
taxlaw-6680	649	197	ruling	ruling	NOUN
taxlaw-6680	649	198	;	;	PUNCT
taxlaw-6680	649	199	this	this	PRON
taxlaw-6680	649	200	includes	include	VERB
taxlaw-6680	649	201	circumstances	circumstance	NOUN
taxlaw-6680	649	202	under	under	ADP
taxlaw-6680	649	203	which	which	PRON
taxlaw-6680	649	204	“	"	PUNCT
taxlaw-6680	649	205	the	the	DET
taxlaw-6680	649	206	partners	partner	NOUN
taxlaw-6680	649	207	do	do	VERB
taxlaw-6680	649	208	not	not	PART
taxlaw-6680	649	209	or	or	CCONJ
taxlaw-6680	649	210	can	can	AUX
taxlaw-6680	649	211	not	not	PART
taxlaw-6680	649	212	have	have	VERB
taxlaw-6680	649	213	a	a	DET
taxlaw-6680	649	214	capital	capital	NOUN
taxlaw-6680	649	215	account	account	NOUN
taxlaw-6680	649	216	deficit	deficit	NOUN
taxlaw-6680	649	217	.	.	PUNCT
taxlaw-6680	650	1	”120	”120	PUNCT
taxlaw-6680	650	2	in	in	ADP
taxlaw-6680	650	3	addition	addition	NOUN
taxlaw-6680	650	4	,	,	PUNCT
taxlaw-6680	650	5	cavanagh	cavanagh	PROPN
taxlaw-6680	650	6	believes	believe	VERB
taxlaw-6680	650	7	that	that	SCONJ
taxlaw-6680	650	8	it	it	PRON
taxlaw-6680	650	9	“	"	PUNCT
taxlaw-6680	650	10	would	would	AUX
taxlaw-6680	650	11	not	not	PART
taxlaw-6680	650	12	be	be	AUX
taxlaw-6680	650	13	a	a	DET
taxlaw-6680	650	14	wise	wise	ADJ
taxlaw-6680	650	15	use	use	NOUN
taxlaw-6680	650	16	of	of	ADP
taxlaw-6680	650	17	irs	irs	PROPN
taxlaw-6680	650	18	resources	resource	NOUN
taxlaw-6680	650	19	”	"	PUNCT
taxlaw-6680	650	20	to	to	PART
taxlaw-6680	650	21	require	require	VERB
taxlaw-6680	650	22	an	an	DET
taxlaw-6680	650	23	unlimited	unlimited	ADJ
taxlaw-6680	650	24	dro	dro	NOUN
taxlaw-6680	650	25	for	for	ADP
taxlaw-6680	650	26	the	the	DET
taxlaw-6680	650	27	eee	eee	NOUN
taxlaw-6680	650	28	test	test	NOUN
taxlaw-6680	650	29	at	at	ADP
taxlaw-6680	650	30	all	all	DET
taxlaw-6680	650	31	times	time	NOUN
taxlaw-6680	650	32	,	,	PUNCT
taxlaw-6680	650	33	which	which	PRON
taxlaw-6680	650	34	is	be	AUX
taxlaw-6680	650	35	supposed	suppose	VERB
taxlaw-6680	650	36	to	to	PART
taxlaw-6680	650	37	serve	serve	VERB
taxlaw-6680	650	38	as	as	ADP
taxlaw-6680	650	39	“	"	PUNCT
taxlaw-6680	650	40	a	a	DET
taxlaw-6680	650	41	safety	safety	NOUN
taxlaw-6680	650	42	net	net	NOUN
taxlaw-6680	650	43	for	for	ADP
taxlaw-6680	650	44	unsophisticated	unsophisticated	ADJ
taxlaw-6680	650	45	taxpayers	taxpayer	NOUN
taxlaw-6680	650	46	and	and	CCONJ
taxlaw-6680	650	47	their	their	PRON
taxlaw-6680	650	48	advisers	adviser	NOUN
taxlaw-6680	650	49	.	.	PUNCT
taxlaw-6680	650	50	”	"	PUNCT
taxlaw-6680	651	1	121	121	NUM
taxlaw-6680	651	2	an	an	DET
taxlaw-6680	651	3	opposite	opposite	ADJ
taxlaw-6680	651	4	rule	rule	NOUN
taxlaw-6680	651	5	would	would	AUX
taxlaw-6680	651	6	deprive	deprive	VERB
taxlaw-6680	651	7	many	many	ADJ
taxlaw-6680	651	8	taxpayers	taxpayer	NOUN
taxlaw-6680	651	9	(	(	PUNCT
taxlaw-6680	651	10	such	such	ADJ
taxlaw-6680	651	11	as	as	ADP
taxlaw-6680	651	12	members	member	NOUN
taxlaw-6680	651	13	of	of	ADP
taxlaw-6680	651	14	an	an	DET
taxlaw-6680	651	15	llc	llc	NOUN
taxlaw-6680	651	16	)	)	PUNCT
taxlaw-6680	651	17	of	of	ADP
taxlaw-6680	651	18	the	the	DET
taxlaw-6680	651	19	benefit	benefit	NOUN
taxlaw-6680	651	20	of	of	ADP
taxlaw-6680	651	21	the	the	DET
taxlaw-6680	651	22	safe	safe	ADJ
taxlaw-6680	651	23	harbor	harbor	NOUN
taxlaw-6680	651	24	and	and	CCONJ
taxlaw-6680	651	25	would	would	AUX
taxlaw-6680	651	26	force	force	VERB
taxlaw-6680	651	27	them	they	PRON
taxlaw-6680	651	28	to	to	PART
taxlaw-6680	651	29	rely	rely	VERB
taxlaw-6680	651	30	on	on	ADP
taxlaw-6680	651	31	the	the	DET
taxlaw-6680	651	32	pip	pip	NOUN
taxlaw-6680	651	33	test,122	test,122	INTJ
taxlaw-6680	651	34	which	which	PRON
taxlaw-6680	651	35	is	be	AUX
taxlaw-6680	651	36	more	more	ADV
taxlaw-6680	651	37	burdensome	burdensome	ADJ
taxlaw-6680	651	38	because	because	SCONJ
taxlaw-6680	651	39	of	of	ADP
taxlaw-6680	651	40	the	the	DET
taxlaw-6680	651	41	lack	lack	NOUN
taxlaw-6680	651	42	of	of	ADP
taxlaw-6680	651	43	taxpayer	taxpayer	NOUN
taxlaw-6680	651	44	-	-	PUNCT
taxlaw-6680	651	45	favored	favor	VERB
taxlaw-6680	651	46	assumptions	assumption	NOUN
taxlaw-6680	651	47	such	such	ADJ
taxlaw-6680	651	48	as	as	ADP
taxlaw-6680	651	49	value	value	NOUN
taxlaw-6680	651	50	-	-	PUNCT
taxlaw-6680	651	51	equals	equal	NOUN
taxlaw-6680	651	52	-	-	PUNCT
taxlaw-6680	651	53	basis	basis	NOUN
taxlaw-6680	651	54	assumption.123	assumption.123	VERB
taxlaw-6680	651	55	the	the	DET
taxlaw-6680	651	56	lack	lack	NOUN
taxlaw-6680	651	57	of	of	ADP
taxlaw-6680	651	58	the	the	DET
taxlaw-6680	651	59	value	value	NOUN
taxlaw-6680	651	60	-	-	PUNCT
taxlaw-6680	651	61	equals	equal	NOUN
taxlaw-6680	651	62	-	-	PUNCT
taxlaw-6680	651	63	basis	basis	NOUN
taxlaw-6680	651	64	assumption	assumption	NOUN
taxlaw-6680	651	65	in	in	ADP
taxlaw-6680	651	66	the	the	DET
taxlaw-6680	651	67	pip	pip	PROPN
taxlaw-6680	651	68	test	test	NOUN
taxlaw-6680	651	69	may	may	AUX
taxlaw-6680	651	70	put	put	VERB
taxlaw-6680	651	71	the	the	DET
taxlaw-6680	651	72	burden	burden	NOUN
taxlaw-6680	651	73	on	on	ADP
taxlaw-6680	651	74	the	the	DET
taxlaw-6680	651	75	partners	partner	NOUN
taxlaw-6680	651	76	to	to	PART
taxlaw-6680	651	77	show	show	VERB
taxlaw-6680	651	78	both	both	CCONJ
taxlaw-6680	651	79	the	the	DET
taxlaw-6680	651	80	current	current	ADJ
taxlaw-6680	651	81	and	and	CCONJ
taxlaw-6680	651	82	future	future	ADJ
taxlaw-6680	651	83	value	value	NOUN
taxlaw-6680	651	84	of	of	ADP
taxlaw-6680	651	85	partnership	partnership	NOUN
taxlaw-6680	651	86	properties	property	NOUN
taxlaw-6680	651	87	,	,	PUNCT
taxlaw-6680	651	88	which	which	PRON
taxlaw-6680	651	89	can	can	AUX
taxlaw-6680	651	90	be	be	AUX
taxlaw-6680	651	91	expensive	expensive	ADJ
taxlaw-6680	651	92	and	and	CCONJ
taxlaw-6680	651	93	burdensome	burdensome	ADJ
taxlaw-6680	651	94	.	.	PUNCT
taxlaw-6680	652	1	the	the	DET
taxlaw-6680	652	2	nysba	nysba	PROPN
taxlaw-6680	652	3	tax	tax	NOUN
taxlaw-6680	652	4	section	section	NOUN
taxlaw-6680	652	5	makes	make	VERB
taxlaw-6680	652	6	a	a	DET
taxlaw-6680	652	7	similar	similar	ADJ
taxlaw-6680	652	8	suggestion	suggestion	NOUN
taxlaw-6680	652	9	in	in	ADP
taxlaw-6680	652	10	its	its	PRON
taxlaw-6680	652	11	2010	2010	NUM
taxlaw-6680	652	12	report	report	NOUN
taxlaw-6680	652	13	:	:	PUNCT
taxlaw-6680	652	14	a	a	DET
taxlaw-6680	652	15	partnership	partnership	NOUN
taxlaw-6680	652	16	agreement	agreement	NOUN
taxlaw-6680	652	17	without	without	ADP
taxlaw-6680	652	18	an	an	DET
taxlaw-6680	652	19	unlimited	unlimited	ADJ
taxlaw-6680	652	20	dro	dro	NOUN
taxlaw-6680	652	21	should	should	AUX
taxlaw-6680	652	22	satisfy	satisfy	VERB
taxlaw-6680	652	23	the	the	DET
taxlaw-6680	652	24	eee	eee	NOUN
taxlaw-6680	652	25	test	test	NOUN
taxlaw-6680	652	26	if	if	SCONJ
taxlaw-6680	652	27	a	a	DET
taxlaw-6680	652	28	capital	capital	NOUN
taxlaw-6680	652	29	account	account	NOUN
taxlaw-6680	652	30	deficit	deficit	NOUN
taxlaw-6680	652	31	is	be	AUX
taxlaw-6680	652	32	only	only	ADV
taxlaw-6680	652	33	a	a	DET
taxlaw-6680	652	34	“	"	PUNCT
taxlaw-6680	652	35	remote	remote	ADJ
taxlaw-6680	652	36	possibility	possibility	NOUN
taxlaw-6680	652	37	”	"	PUNCT
taxlaw-6680	652	38	under	under	ADP
taxlaw-6680	652	39	the	the	DET
taxlaw-6680	652	40	agreement.124	agreement.124	NOUN
taxlaw-6680	652	41	this	this	PRON
taxlaw-6680	652	42	potentially	potentially	ADV
taxlaw-6680	652	43	includes	include	VERB
taxlaw-6680	652	44	an	an	DET
taxlaw-6680	652	45	agreement	agreement	NOUN
taxlaw-6680	652	46	that	that	PRON
taxlaw-6680	652	47	prohibits	prohibits	AUX
taxlaw-6680	652	48	aggregate	aggregate	VERB
taxlaw-6680	652	49	negative	negative	ADJ
taxlaw-6680	652	50	adjustments	adjustment	NOUN
taxlaw-6680	652	51	to	to	ADP
taxlaw-6680	652	52	a	a	DET
taxlaw-6680	652	53	partner	partner	NOUN
taxlaw-6680	652	54	’s	’s	PART
taxlaw-6680	652	55	capital	capital	NOUN
taxlaw-6680	652	56	account	account	NOUN
taxlaw-6680	652	57	to	to	PART
taxlaw-6680	652	58	exceed	exceed	VERB
taxlaw-6680	652	59	aggregate	aggregate	ADJ
taxlaw-6680	652	60	positive	positive	ADJ
taxlaw-6680	652	61	adjustments.125	adjustments.125	NOUN
taxlaw-6680	652	62	in	in	ADP
taxlaw-6680	652	63	addition	addition	NOUN
taxlaw-6680	652	64	,	,	PUNCT
taxlaw-6680	652	65	the	the	DET
taxlaw-6680	652	66	report	report	NOUN
taxlaw-6680	652	67	suggests	suggest	VERB
taxlaw-6680	652	68	that	that	SCONJ
taxlaw-6680	652	69	the	the	DET
taxlaw-6680	652	70	possibility	possibility	NOUN
taxlaw-6680	652	71	that	that	SCONJ
taxlaw-6680	652	72	an	an	DET
taxlaw-6680	652	73	allocation	allocation	NOUN
taxlaw-6680	652	74	may	may	AUX
taxlaw-6680	652	75	cause	cause	VERB
taxlaw-6680	652	76	a	a	DET
taxlaw-6680	652	77	capital	capital	NOUN
taxlaw-6680	652	78	account	account	NOUN
taxlaw-6680	652	79	deficit	deficit	NOUN
taxlaw-6680	652	80	,	,	PUNCT
taxlaw-6680	652	81	but	but	CCONJ
taxlaw-6680	652	82	not	not	PART
taxlaw-6680	652	83	in	in	ADP
taxlaw-6680	652	84	excess	excess	NOUN
taxlaw-6680	652	85	of	of	ADP
taxlaw-6680	652	86	a	a	DET
taxlaw-6680	652	87	partner	partner	NOUN
taxlaw-6680	652	88	’s	’s	PART
taxlaw-6680	652	89	share	share	NOUN
taxlaw-6680	652	90	of	of	ADP
taxlaw-6680	652	91	partnership	partnership	NOUN
taxlaw-6680	652	92	minimum	minimum	NOUN
taxlaw-6680	652	93	gain	gain	NOUN
taxlaw-6680	652	94	,	,	PUNCT
taxlaw-6680	652	95	should	should	AUX
taxlaw-6680	652	96	be	be	AUX
taxlaw-6680	652	97	disregarded	disregard	VERB
taxlaw-6680	652	98	for	for	ADP
taxlaw-6680	652	99	purposes	purpose	NOUN
taxlaw-6680	652	100	of	of	ADP
taxlaw-6680	652	101	the	the	DET
taxlaw-6680	652	102	eee	eee	NOUN
taxlaw-6680	652	103	test	test	NOUN
taxlaw-6680	652	104	,	,	PUNCT
taxlaw-6680	652	105	just	just	ADV
taxlaw-6680	652	106	as	as	SCONJ
taxlaw-6680	652	107	such	such	ADJ
taxlaw-6680	652	108	amount	amount	NOUN
taxlaw-6680	652	109	is	be	AUX
taxlaw-6680	652	110	treated	treat	VERB
taxlaw-6680	652	111	as	as	ADP
taxlaw-6680	652	112	a	a	DET
taxlaw-6680	652	113	limited	limited	ADJ
taxlaw-6680	652	114	dro	dro	NOUN
taxlaw-6680	652	115	for	for	ADP
taxlaw-6680	652	116	purposes	purpose	NOUN
taxlaw-6680	652	117	of	of	ADP
taxlaw-6680	652	118	the	the	DET
taxlaw-6680	652	119	alternate	alternate	ADJ
taxlaw-6680	652	120	test,126	test,126	NOUN
taxlaw-6680	652	121	because	because	SCONJ
taxlaw-6680	652	122	such	such	ADJ
taxlaw-6680	652	123	deficit	deficit	NOUN
taxlaw-6680	652	124	will	will	AUX
taxlaw-6680	652	125	be	be	AUX
taxlaw-6680	652	126	reversed	reverse	VERB
taxlaw-6680	652	127	when	when	SCONJ
taxlaw-6680	652	128	partnership	partnership	NOUN
taxlaw-6680	652	129	minimum	minimum	NOUN
taxlaw-6680	652	130	gain	gain	NOUN
taxlaw-6680	652	131	is	be	AUX
taxlaw-6680	652	132	realized.127	realized.127	NOUN
taxlaw-6680	652	133	116	116	NUM
taxlaw-6680	653	1	i	i	PRON
taxlaw-6680	653	2	d.	d.	PROPN
taxlaw-6680	653	3	at	at	ADP
taxlaw-6680	653	4	191	191	NUM
taxlaw-6680	653	5	.	.	PUNCT
taxlaw-6680	654	1	117	117	NUM
taxlaw-6680	655	1	i	i	PROPN
taxlaw-6680	655	2	d.	d.	PROPN
taxlaw-6680	655	3	118	118	NUM
taxlaw-6680	656	1	i	i	PRON
taxlaw-6680	656	2	d.	d.	PROPN
taxlaw-6680	656	3	at	at	ADP
taxlaw-6680	656	4	189	189	NUM
taxlaw-6680	656	5	.	.	PUNCT
taxlaw-6680	656	6	119	119	NUM
taxlaw-6680	656	7	see	see	VERB
taxlaw-6680	656	8	nysba	nysba	NOUN
taxlaw-6680	656	9	tax	tax	NOUN
taxlaw-6680	656	10	section	section	NOUN
taxlaw-6680	656	11	,	,	PUNCT
taxlaw-6680	656	12	supra	supra	PROPN
taxlaw-6680	656	13	note	note	NOUN
taxlaw-6680	656	14	102	102	NUM
taxlaw-6680	656	15	,	,	PUNCT
taxlaw-6680	656	16	at	at	ADP
taxlaw-6680	656	17	28	28	NUM
taxlaw-6680	656	18	-	-	SYM
taxlaw-6680	656	19	31	31	NUM
taxlaw-6680	656	20	;	;	PUNCT
taxlaw-6680	656	21	cavanagh	cavanagh	PROPN
taxlaw-6680	656	22	,	,	PUNCT
taxlaw-6680	656	23	supra	supra	PROPN
taxlaw-6680	656	24	note	note	NOUN
taxlaw-6680	656	25	39	39	NUM
taxlaw-6680	656	26	,	,	PUNCT
taxlaw-6680	656	27	at	at	ADP
taxlaw-6680	656	28	89	89	NUM
taxlaw-6680	656	29	(	(	PUNCT
taxlaw-6680	656	30	advocating	advocate	VERB
taxlaw-6680	656	31	that	that	SCONJ
taxlaw-6680	656	32	the	the	DET
taxlaw-6680	656	33	irs	irs	PROPN
taxlaw-6680	656	34	confirm	confirm	VERB
taxlaw-6680	656	35	that	that	SCONJ
taxlaw-6680	656	36	the	the	DET
taxlaw-6680	656	37	eee	eee	NOUN
taxlaw-6680	656	38	test	test	NOUN
taxlaw-6680	656	39	applies	apply	VERB
taxlaw-6680	656	40	to	to	ADP
taxlaw-6680	656	41	a	a	DET
taxlaw-6680	656	42	partnership	partnership	NOUN
taxlaw-6680	656	43	agreement	agreement	NOUN
taxlaw-6680	656	44	that	that	PRON
taxlaw-6680	656	45	has	have	VERB
taxlaw-6680	656	46	a	a	DET
taxlaw-6680	656	47	qio	qio	NOUN
taxlaw-6680	656	48	provision	provision	NOUN
taxlaw-6680	656	49	)	)	PUNCT
taxlaw-6680	656	50	.	.	PUNCT
taxlaw-6680	657	1	120	120	NUM
taxlaw-6680	657	2	cavanagh	cavanagh	PROPN
taxlaw-6680	657	3	,	,	PUNCT
taxlaw-6680	657	4	supra	supra	PROPN
taxlaw-6680	657	5	note	note	NOUN
taxlaw-6680	657	6	39	39	NUM
taxlaw-6680	657	7	,	,	PUNCT
taxlaw-6680	657	8	at	at	ADP
taxlaw-6680	657	9	96	96	NUM
taxlaw-6680	657	10	.	.	PUNCT
taxlaw-6680	658	1	currently	currently	ADV
taxlaw-6680	658	2	,	,	PUNCT
taxlaw-6680	658	3	the	the	DET
taxlaw-6680	658	4	only	only	ADJ
taxlaw-6680	658	5	guidance	guidance	NOUN
taxlaw-6680	658	6	provided	provide	VERB
taxlaw-6680	658	7	in	in	ADP
taxlaw-6680	658	8	the	the	DET
taxlaw-6680	658	9	regulations	regulation	NOUN
taxlaw-6680	658	10	on	on	ADP
taxlaw-6680	658	11	the	the	DET
taxlaw-6680	658	12	dro	dro	PROPN
taxlaw-6680	658	13	requirement	requirement	NOUN
taxlaw-6680	658	14	in	in	ADP
taxlaw-6680	658	15	the	the	DET
taxlaw-6680	658	16	eee	eee	NOUN
taxlaw-6680	658	17	test	test	NOUN
taxlaw-6680	658	18	is	be	AUX
taxlaw-6680	658	19	that	that	SCONJ
taxlaw-6680	658	20	a	a	DET
taxlaw-6680	658	21	partnership	partnership	NOUN
taxlaw-6680	658	22	without	without	ADP
taxlaw-6680	658	23	an	an	DET
taxlaw-6680	658	24	unlimited	unlimited	ADJ
taxlaw-6680	658	25	dro	dro	NOUN
taxlaw-6680	658	26	may	may	AUX
taxlaw-6680	658	27	satisfy	satisfy	VERB
taxlaw-6680	658	28	the	the	DET
taxlaw-6680	658	29	eee	eee	NOUN
taxlaw-6680	658	30	test	test	NOUN
taxlaw-6680	658	31	if	if	SCONJ
taxlaw-6680	658	32	,	,	PUNCT
taxlaw-6680	658	33	under	under	ADP
taxlaw-6680	658	34	the	the	DET
taxlaw-6680	658	35	respective	respective	ADJ
taxlaw-6680	658	36	state	state	NOUN
taxlaw-6680	658	37	law	law	NOUN
taxlaw-6680	658	38	right	right	NOUN
taxlaw-6680	658	39	of	of	ADP
taxlaw-6680	658	40	contribution	contribution	NOUN
taxlaw-6680	658	41	,	,	PUNCT
taxlaw-6680	658	42	each	each	DET
taxlaw-6680	658	43	partner	partner	NOUN
taxlaw-6680	658	44	must	must	AUX
taxlaw-6680	658	45	“	"	PUNCT
taxlaw-6680	658	46	contribute	contribute	VERB
taxlaw-6680	658	47	any	any	DET
taxlaw-6680	658	48	debts	debt	NOUN
taxlaw-6680	658	49	of	of	ADP
taxlaw-6680	658	50	the	the	DET
taxlaw-6680	658	51	partnership	partnership	NOUN
taxlaw-6680	658	52	in	in	ADP
taxlaw-6680	658	53	proportion	proportion	NOUN
taxlaw-6680	658	54	to	to	ADP
taxlaw-6680	658	55	their	their	PRON
taxlaw-6680	658	56	shares	share	NOUN
taxlaw-6680	658	57	of	of	ADP
taxlaw-6680	658	58	partnership	partnership	NOUN
taxlaw-6680	658	59	profits	profit	NOUN
taxlaw-6680	658	60	.	.	PUNCT
taxlaw-6680	658	61	”	"	PUNCT
taxlaw-6680	659	1	see	see	VERB
taxlaw-6680	659	2	treas	treas	PROPN
taxlaw-6680	659	3	.	.	PUNCT
taxlaw-6680	660	1	reg.§1.704	reg.§1.704	VERB
taxlaw-6680	660	2	-	-	PUNCT
taxlaw-6680	660	3	1(b)(5	1(b)(5	NUM
taxlaw-6680	660	4	)	)	PUNCT
taxlaw-6680	660	5	,	,	PUNCT
taxlaw-6680	660	6	ex	ex	X
taxlaw-6680	660	7	.	.	PUNCT
taxlaw-6680	661	1	(	(	PUNCT
taxlaw-6680	661	2	4)(ii	4)(ii	NUM
taxlaw-6680	661	3	)	)	PUNCT
taxlaw-6680	661	4	;	;	PUNCT
taxlaw-6680	661	5	nysba	nysba	NOUN
taxlaw-6680	661	6	tax	tax	NOUN
taxlaw-6680	661	7	section	section	NOUN
taxlaw-6680	661	8	,	,	PUNCT
taxlaw-6680	661	9	supra	supra	PROPN
taxlaw-6680	661	10	note	note	NOUN
taxlaw-6680	661	11	102	102	NUM
taxlaw-6680	661	12	,	,	PUNCT
taxlaw-6680	661	13	at	at	ADP
taxlaw-6680	661	14	28	28	NUM
taxlaw-6680	661	15	n.60	n.60	NOUN
taxlaw-6680	661	16	.	.	PROPN
taxlaw-6680	661	17	121	121	NUM
taxlaw-6680	661	18	cavanagh	cavanagh	PROPN
taxlaw-6680	661	19	,	,	PUNCT
taxlaw-6680	661	20	supra	supra	PROPN
taxlaw-6680	661	21	note	note	PROPN
taxlaw-6680	661	22	36	36	NUM
taxlaw-6680	661	23	,	,	PUNCT
taxlaw-6680	661	24	at	at	ADP
taxlaw-6680	661	25	95	95	NUM
taxlaw-6680	661	26	-	-	SYM
taxlaw-6680	661	27	96	96	NUM
taxlaw-6680	661	28	.	.	PUNCT
taxlaw-6680	662	1	122	122	NUM
taxlaw-6680	663	1	i	i	PRON
taxlaw-6680	663	2	d.	d.	PROPN
taxlaw-6680	663	3	at	at	ADP
taxlaw-6680	663	4	96	96	NUM
taxlaw-6680	663	5	.	.	PUNCT
taxlaw-6680	664	1	123	123	NUM
taxlaw-6680	664	2	see	see	VERB
taxlaw-6680	664	3	supra	supra	PROPN
taxlaw-6680	664	4	note	note	PROPN
taxlaw-6680	664	5	82	82	NUM
taxlaw-6680	664	6	.	.	PUNCT
taxlaw-6680	664	7	124	124	NUM
taxlaw-6680	664	8	nysba	nysba	NOUN
taxlaw-6680	664	9	tax	tax	NOUN
taxlaw-6680	664	10	section	section	NOUN
taxlaw-6680	664	11	,	,	PUNCT
taxlaw-6680	664	12	supra	supra	PROPN
taxlaw-6680	664	13	note	note	NOUN
taxlaw-6680	664	14	102	102	NUM
taxlaw-6680	664	15	,	,	PUNCT
taxlaw-6680	664	16	at	at	ADP
taxlaw-6680	664	17	28	28	NUM
taxlaw-6680	664	18	.	.	PUNCT
taxlaw-6680	665	1	125	125	NUM
taxlaw-6680	666	1	i	i	PRON
taxlaw-6680	666	2	d.	d.	PROPN
taxlaw-6680	666	3	at	at	ADP
taxlaw-6680	666	4	29	29	NUM
taxlaw-6680	666	5	.	.	PUNCT
taxlaw-6680	667	1	126	126	NUM
taxlaw-6680	668	1	i	i	PRON
taxlaw-6680	668	2	d.	d.	PROPN
taxlaw-6680	668	3	see	see	VERB
taxlaw-6680	668	4	also	also	ADV
taxlaw-6680	668	5	treas	treas	PROPN
taxlaw-6680	668	6	.	.	PUNCT
taxlaw-6680	669	1	reg	reg	PROPN
taxlaw-6680	669	2	.	.	PUNCT
taxlaw-6680	670	1	§	§	PROPN
taxlaw-6680	670	2	1.704	1.704	NUM
taxlaw-6680	670	3	-	-	NUM
taxlaw-6680	670	4	2(h)(4	2(h)(4	NUM
taxlaw-6680	670	5	)	)	PUNCT
taxlaw-6680	670	6	,	,	PUNCT
taxlaw-6680	670	7	(	(	PUNCT
taxlaw-6680	670	8	i)(5	i)(5	NUM
taxlaw-6680	670	9	)	)	PUNCT
taxlaw-6680	670	10	(	(	PUNCT
taxlaw-6680	670	11	for	for	ADP
taxlaw-6680	670	12	purposes	purpose	NOUN
taxlaw-6680	670	13	of	of	ADP
taxlaw-6680	670	14	the	the	DET
taxlaw-6680	670	15	alternate	alternate	ADJ
taxlaw-6680	670	16	test	test	NOUN
taxlaw-6680	670	17	,	,	PUNCT
taxlaw-6680	670	18	a	a	DET
taxlaw-6680	670	19	partner	partner	NOUN
taxlaw-6680	670	20	’s	’s	PART
taxlaw-6680	670	21	share	share	NOUN
taxlaw-6680	670	22	of	of	ADP
taxlaw-6680	670	23	minimum	minimum	ADJ
taxlaw-6680	670	24	gain	gain	NOUN
taxlaw-6680	670	25	is	be	AUX
taxlaw-6680	670	26	treated	treat	VERB
taxlaw-6680	670	27	as	as	ADP
taxlaw-6680	670	28	a	a	DET
taxlaw-6680	670	29	limited	limited	ADJ
taxlaw-6680	670	30	dro	dro	PROPN
taxlaw-6680	670	31	)	)	PUNCT
taxlaw-6680	670	32	.	.	PUNCT
taxlaw-6680	671	1	127	127	NUM
taxlaw-6680	671	2	see	see	VERB
taxlaw-6680	671	3	treas	treas	PROPN
taxlaw-6680	671	4	.	.	PUNCT
taxlaw-6680	672	1	reg	reg	PROPN
taxlaw-6680	672	2	.	.	PUNCT
taxlaw-6680	673	1	§	§	PROPN
taxlaw-6680	673	2	1.704	1.704	NUM
taxlaw-6680	673	3	-	-	NUM
taxlaw-6680	673	4	2(f	2(f	NUM
taxlaw-6680	673	5	)	)	PUNCT
taxlaw-6680	673	6	.	.	PUNCT
taxlaw-6680	674	1	2019	2019	NUM
taxlaw-6680	674	2	]	]	PUNCT
taxlaw-6680	674	3	a	a	DET
taxlaw-6680	674	4	gain	gain	NOUN
taxlaw-6680	674	5	must	must	AUX
taxlaw-6680	674	6	lie	lie	VERB
taxlaw-6680	674	7	where	where	SCONJ
taxlaw-6680	674	8	it	it	PRON
taxlaw-6680	674	9	falls	fall	VERB
taxlaw-6680	674	10	:	:	PUNCT
taxlaw-6680	674	11	matching	match	VERB
taxlaw-6680	674	12	tax	tax	NOUN
taxlaw-6680	674	13	with	with	ADP
taxlaw-6680	674	14	economics	economic	NOUN
taxlaw-6680	674	15	in	in	ADP
taxlaw-6680	674	16	subchapter	subchapter	NOUN
taxlaw-6680	674	17	k	k	PROPN
taxlaw-6680	674	18	129	129	NUM
taxlaw-6680	674	19	similar	similar	ADJ
taxlaw-6680	674	20	to	to	ADP
taxlaw-6680	674	21	the	the	DET
taxlaw-6680	674	22	rationale	rationale	NOUN
taxlaw-6680	674	23	of	of	ADP
taxlaw-6680	674	24	rejecting	reject	VERB
taxlaw-6680	674	25	the	the	DET
taxlaw-6680	674	26	strict	strict	ADJ
taxlaw-6680	674	27	interpretation	interpretation	NOUN
taxlaw-6680	674	28	of	of	ADP
taxlaw-6680	674	29	the	the	DET
taxlaw-6680	674	30	“	"	PUNCT
taxlaw-6680	674	31	regardless	regardless	ADV
taxlaw-6680	674	32	of	of	ADP
taxlaw-6680	674	33	the	the	DET
taxlaw-6680	674	34	economic	economic	ADJ
taxlaw-6680	674	35	performance	performance	NOUN
taxlaw-6680	674	36	of	of	ADP
taxlaw-6680	674	37	the	the	DET
taxlaw-6680	674	38	partnership	partnership	NOUN
taxlaw-6680	674	39	”	"	PUNCT
taxlaw-6680	674	40	language	language	NOUN
taxlaw-6680	674	41	in	in	ADP
taxlaw-6680	674	42	the	the	DET
taxlaw-6680	674	43	eee	eee	NOUN
taxlaw-6680	674	44	test	test	NOUN
taxlaw-6680	674	45	,	,	PUNCT
taxlaw-6680	674	46	an	an	DET
taxlaw-6680	674	47	unlimited	unlimited	ADJ
taxlaw-6680	674	48	dro	dro	NOUN
taxlaw-6680	674	49	should	should	AUX
taxlaw-6680	674	50	not	not	PART
taxlaw-6680	674	51	be	be	AUX
taxlaw-6680	674	52	a	a	DET
taxlaw-6680	674	53	mandatory	mandatory	ADJ
taxlaw-6680	674	54	element	element	NOUN
taxlaw-6680	674	55	of	of	ADP
taxlaw-6680	674	56	the	the	DET
taxlaw-6680	674	57	test	test	NOUN
taxlaw-6680	674	58	.	.	PUNCT
taxlaw-6680	675	1	specifically	specifically	ADV
taxlaw-6680	675	2	,	,	PUNCT
taxlaw-6680	675	3	the	the	DET
taxlaw-6680	675	4	service	service	NOUN
taxlaw-6680	675	5	should	should	AUX
taxlaw-6680	675	6	take	take	VERB
taxlaw-6680	675	7	a	a	DET
taxlaw-6680	675	8	position	position	NOUN
taxlaw-6680	675	9	that	that	SCONJ
taxlaw-6680	675	10	if	if	SCONJ
taxlaw-6680	675	11	a	a	DET
taxlaw-6680	675	12	capital	capital	NOUN
taxlaw-6680	675	13	account	account	NOUN
taxlaw-6680	675	14	deficit	deficit	NOUN
taxlaw-6680	675	15	is	be	AUX
taxlaw-6680	675	16	only	only	ADV
taxlaw-6680	675	17	a	a	DET
taxlaw-6680	675	18	remote	remote	ADJ
taxlaw-6680	675	19	possibility	possibility	NOUN
taxlaw-6680	675	20	after	after	ADP
taxlaw-6680	675	21	taking	take	VERB
taxlaw-6680	675	22	into	into	ADP
taxlaw-6680	675	23	account	account	NOUN
taxlaw-6680	675	24	(	(	PUNCT
taxlaw-6680	675	25	1	1	X
taxlaw-6680	675	26	)	)	PUNCT
taxlaw-6680	675	27	the	the	DET
taxlaw-6680	675	28	type	type	NOUN
taxlaw-6680	675	29	(	(	PUNCT
taxlaw-6680	675	30	but	but	CCONJ
taxlaw-6680	675	31	not	not	PART
taxlaw-6680	675	32	the	the	DET
taxlaw-6680	675	33	expected	expect	VERB
taxlaw-6680	675	34	outcomes	outcome	NOUN
taxlaw-6680	675	35	)	)	PUNCT
taxlaw-6680	675	36	of	of	ADP
taxlaw-6680	675	37	economic	economic	ADJ
taxlaw-6680	675	38	activities	activity	NOUN
taxlaw-6680	675	39	that	that	PRON
taxlaw-6680	675	40	the	the	DET
taxlaw-6680	675	41	partners	partner	NOUN
taxlaw-6680	675	42	currently	currently	ADV
taxlaw-6680	675	43	undertake	undertake	VERB
taxlaw-6680	675	44	or	or	CCONJ
taxlaw-6680	675	45	reasonably	reasonably	ADV
taxlaw-6680	675	46	expect	expect	VERB
taxlaw-6680	675	47	to	to	PART
taxlaw-6680	675	48	undertake	undertake	VERB
taxlaw-6680	675	49	in	in	ADP
taxlaw-6680	675	50	the	the	DET
taxlaw-6680	675	51	future	future	NOUN
taxlaw-6680	675	52	,	,	PUNCT
taxlaw-6680	675	53	(	(	PUNCT
taxlaw-6680	675	54	2	2	X
taxlaw-6680	675	55	)	)	PUNCT
taxlaw-6680	675	56	the	the	DET
taxlaw-6680	675	57	tax	tax	NOUN
taxlaw-6680	675	58	attributes	attribute	NOUN
taxlaw-6680	675	59	of	of	ADP
taxlaw-6680	675	60	the	the	DET
taxlaw-6680	675	61	partnership	partnership	NOUN
taxlaw-6680	675	62	(	(	PUNCT
taxlaw-6680	675	63	such	such	ADJ
taxlaw-6680	675	64	as	as	ADP
taxlaw-6680	675	65	partnership	partnership	NOUN
taxlaw-6680	675	66	minimum	minimum	ADJ
taxlaw-6680	675	67	gain	gain	NOUN
taxlaw-6680	675	68	)	)	PUNCT
taxlaw-6680	675	69	as	as	ADV
taxlaw-6680	675	70	well	well	ADV
taxlaw-6680	675	71	as	as	ADP
taxlaw-6680	675	72	(	(	PUNCT
taxlaw-6680	675	73	3	3	X
taxlaw-6680	675	74	)	)	PUNCT
taxlaw-6680	675	75	the	the	DET
taxlaw-6680	675	76	partners	partner	NOUN
taxlaw-6680	675	77	’	'	PUNCT
taxlaw-6680	675	78	agreement	agreement	NOUN
taxlaw-6680	675	79	such	such	ADJ
taxlaw-6680	675	80	as	as	ADP
taxlaw-6680	675	81	liquidation	liquidation	NOUN
taxlaw-6680	675	82	entitlement	entitlement	NOUN
taxlaw-6680	675	83	and	and	CCONJ
taxlaw-6680	675	84	any	any	DET
taxlaw-6680	675	85	arrangement	arrangement	NOUN
taxlaw-6680	675	86	that	that	PRON
taxlaw-6680	675	87	tends	tend	VERB
taxlaw-6680	675	88	to	to	PART
taxlaw-6680	675	89	prevent	prevent	VERB
taxlaw-6680	675	90	a	a	DET
taxlaw-6680	675	91	capital	capital	NOUN
taxlaw-6680	675	92	account	account	NOUN
taxlaw-6680	675	93	deficit	deficit	NOUN
taxlaw-6680	675	94	,	,	PUNCT
taxlaw-6680	675	95	while	while	SCONJ
taxlaw-6680	675	96	ignoring	ignore	VERB
taxlaw-6680	675	97	the	the	DET
taxlaw-6680	675	98	theoretical	theoretical	ADJ
taxlaw-6680	675	99	possibility	possibility	NOUN
taxlaw-6680	675	100	of	of	ADP
taxlaw-6680	675	101	a	a	DET
taxlaw-6680	675	102	liquidation	liquidation	NOUN
taxlaw-6680	675	103	surprise	surprise	NOUN
taxlaw-6680	675	104	,	,	PUNCT
taxlaw-6680	675	105	unlimited	unlimited	ADJ
taxlaw-6680	675	106	dro	dro	PROPN
taxlaw-6680	675	107	should	should	AUX
taxlaw-6680	675	108	not	not	PART
taxlaw-6680	675	109	be	be	AUX
taxlaw-6680	675	110	required	require	VERB
taxlaw-6680	675	111	for	for	ADP
taxlaw-6680	675	112	an	an	DET
taxlaw-6680	675	113	allocation	allocation	NOUN
taxlaw-6680	675	114	to	to	PART
taxlaw-6680	675	115	satisfy	satisfy	VERB
taxlaw-6680	675	116	the	the	DET
taxlaw-6680	675	117	eee	eee	NOUN
taxlaw-6680	675	118	test.128	test.128	ADP
taxlaw-6680	675	119	the	the	DET
taxlaw-6680	675	120	eee	eee	NOUN
taxlaw-6680	675	121	test	test	NOUN
taxlaw-6680	675	122	,	,	PUNCT
taxlaw-6680	675	123	as	as	SCONJ
taxlaw-6680	675	124	a	a	DET
taxlaw-6680	675	125	“	"	PUNCT
taxlaw-6680	675	126	dumb	dumb	ADJ
taxlaw-6680	675	127	-	-	PUNCT
taxlaw-6680	675	128	but	but	CCONJ
taxlaw-6680	675	129	-	-	PUNCT
taxlaw-6680	675	130	lucky	lucky	ADJ
taxlaw-6680	675	131	”	"	PUNCT
taxlaw-6680	675	132	rule	rule	NOUN
taxlaw-6680	675	133	intended	intend	VERB
taxlaw-6680	675	134	to	to	PART
taxlaw-6680	675	135	protect	protect	VERB
taxlaw-6680	675	136	“	"	PUNCT
taxlaw-6680	675	137	unsophisticated	unsophisticated	ADJ
taxlaw-6680	675	138	but	but	CCONJ
taxlaw-6680	675	139	unabusive	unabusive	ADJ
taxlaw-6680	675	140	partnership	partnership	PROPN
taxlaw-6680	675	141	agreements,”129	agreements,”129	PROPN
taxlaw-6680	675	142	should	should	AUX
taxlaw-6680	675	143	not	not	PART
taxlaw-6680	675	144	be	be	AUX
taxlaw-6680	675	145	so	so	ADV
taxlaw-6680	675	146	inflexible	inflexible	ADJ
taxlaw-6680	675	147	as	as	SCONJ
taxlaw-6680	675	148	to	to	PART
taxlaw-6680	675	149	require	require	VERB
taxlaw-6680	675	150	unlimited	unlimited	ADJ
taxlaw-6680	675	151	dro	dro	PROPN
taxlaw-6680	675	152	even	even	ADV
taxlaw-6680	675	153	when	when	SCONJ
taxlaw-6680	675	154	its	its	PRON
taxlaw-6680	675	155	absence	absence	NOUN
taxlaw-6680	675	156	is	be	AUX
taxlaw-6680	675	157	totally	totally	ADV
taxlaw-6680	675	158	“	"	PUNCT
taxlaw-6680	675	159	unabusive	unabusive	ADJ
taxlaw-6680	675	160	.	.	PUNCT
taxlaw-6680	675	161	”	"	PUNCT
taxlaw-6680	676	1	4	4	NUM
taxlaw-6680	676	2	.	.	PUNCT
taxlaw-6680	676	3	nonrecourse	nonrecourse	NOUN
taxlaw-6680	676	4	deductions	deduction	NOUN
taxlaw-6680	676	5	and	and	CCONJ
taxlaw-6680	676	6	the	the	DET
taxlaw-6680	676	7	eee	eee	NOUN
taxlaw-6680	676	8	test	test	NOUN
taxlaw-6680	676	9	it	it	PRON
taxlaw-6680	676	10	is	be	AUX
taxlaw-6680	676	11	noteworthy	noteworthy	ADJ
taxlaw-6680	676	12	that	that	SCONJ
taxlaw-6680	676	13	under	under	ADP
taxlaw-6680	676	14	current	current	ADJ
taxlaw-6680	676	15	regulations	regulation	NOUN
taxlaw-6680	676	16	,	,	PUNCT
taxlaw-6680	676	17	the	the	DET
taxlaw-6680	676	18	pip	pip	PROPN
taxlaw-6680	676	19	test	test	NOUN
taxlaw-6680	676	20	(	(	PUNCT
taxlaw-6680	676	21	including	include	VERB
taxlaw-6680	676	22	its	its	PRON
taxlaw-6680	676	23	safe	safe	ADJ
taxlaw-6680	676	24	harbor	harbor	NOUN
taxlaw-6680	676	25	version	version	NOUN
taxlaw-6680	676	26	)	)	PUNCT
taxlaw-6680	676	27	is	be	AUX
taxlaw-6680	676	28	the	the	DET
taxlaw-6680	676	29	only	only	ADJ
taxlaw-6680	676	30	test	test	NOUN
taxlaw-6680	676	31	available	available	ADJ
taxlaw-6680	676	32	for	for	ADP
taxlaw-6680	676	33	the	the	DET
taxlaw-6680	676	34	partnership	partnership	NOUN
taxlaw-6680	676	35	nonrecourse	nonrecourse	NOUN
taxlaw-6680	676	36	deductions	deduction	NOUN
taxlaw-6680	676	37	(	(	PUNCT
taxlaw-6680	676	38	such	such	ADJ
taxlaw-6680	676	39	as	as	ADP
taxlaw-6680	676	40	depreciation	depreciation	NOUN
taxlaw-6680	676	41	on	on	ADP
taxlaw-6680	676	42	properties	property	NOUN
taxlaw-6680	676	43	financed	finance	VERB
taxlaw-6680	676	44	by	by	ADP
taxlaw-6680	676	45	allocation	allocation	NOUN
taxlaw-6680	676	46	of	of	ADP
taxlaw-6680	676	47	nonrecourse	nonrecourse	NOUN
taxlaw-6680	676	48	debt	debt	NOUN
taxlaw-6680	676	49	)	)	PUNCT
taxlaw-6680	676	50	,	,	PUNCT
taxlaw-6680	676	51	which	which	PRON
taxlaw-6680	676	52	are	be	AUX
taxlaw-6680	676	53	correctly	correctly	ADV
taxlaw-6680	676	54	treated	treat	VERB
taxlaw-6680	676	55	by	by	ADP
taxlaw-6680	676	56	the	the	DET
taxlaw-6680	676	57	regulations	regulation	NOUN
taxlaw-6680	676	58	as	as	ADP
taxlaw-6680	676	59	never	never	ADV
taxlaw-6680	676	60	having	have	VERB
taxlaw-6680	676	61	economic	economic	ADJ
taxlaw-6680	676	62	effect	effect	NOUN
taxlaw-6680	676	63	,	,	PUNCT
taxlaw-6680	676	64	unless	unless	SCONJ
taxlaw-6680	676	65	a	a	DET
taxlaw-6680	676	66	safe	safe	ADJ
taxlaw-6680	676	67	harbor	harbor	NOUN
taxlaw-6680	676	68	test	test	NOUN
taxlaw-6680	676	69	applies.130	applies.130	ADV
taxlaw-6680	676	70	since	since	SCONJ
taxlaw-6680	676	71	the	the	DET
taxlaw-6680	676	72	pip	pip	PROPN
taxlaw-6680	676	73	test	test	NOUN
taxlaw-6680	676	74	is	be	AUX
taxlaw-6680	676	75	less	less	ADV
taxlaw-6680	676	76	technical	technical	ADJ
taxlaw-6680	676	77	and	and	CCONJ
taxlaw-6680	676	78	more	more	ADJ
taxlaw-6680	676	79	fact	fact	NOUN
taxlaw-6680	676	80	-	-	PUNCT
taxlaw-6680	676	81	driven	drive	VERB
taxlaw-6680	676	82	,	,	PUNCT
taxlaw-6680	676	83	whether	whether	SCONJ
taxlaw-6680	676	84	the	the	DET
taxlaw-6680	676	85	service	service	NOUN
taxlaw-6680	676	86	will	will	AUX
taxlaw-6680	676	87	respect	respect	VERB
taxlaw-6680	676	88	an	an	DET
taxlaw-6680	676	89	allocation	allocation	NOUN
taxlaw-6680	676	90	of	of	ADP
taxlaw-6680	676	91	nonrecourse	nonrecourse	NOUN
taxlaw-6680	676	92	deductions	deduction	NOUN
taxlaw-6680	676	93	under	under	ADP
taxlaw-6680	676	94	the	the	DET
taxlaw-6680	676	95	pip	pip	NOUN
taxlaw-6680	676	96	test	test	NOUN
taxlaw-6680	676	97	is	be	AUX
taxlaw-6680	676	98	hard	hard	ADJ
taxlaw-6680	676	99	to	to	PART
taxlaw-6680	676	100	know.131	know.131	VERB
taxlaw-6680	676	101	for	for	ADP
taxlaw-6680	676	102	example	example	NOUN
taxlaw-6680	676	103	,	,	PUNCT
taxlaw-6680	676	104	the	the	DET
taxlaw-6680	676	105	service	service	NOUN
taxlaw-6680	676	106	may	may	AUX
taxlaw-6680	676	107	logically	logically	ADV
taxlaw-6680	676	108	require	require	VERB
taxlaw-6680	676	109	an	an	DET
taxlaw-6680	676	110	allocation	allocation	NOUN
taxlaw-6680	676	111	of	of	ADP
taxlaw-6680	676	112	nonrecourse	nonrecourse	NOUN
taxlaw-6680	676	113	deductions	deduction	NOUN
taxlaw-6680	676	114	to	to	PART
taxlaw-6680	676	115	be	be	AUX
taxlaw-6680	676	116	made	make	VERB
taxlaw-6680	676	117	strictly	strictly	ADV
taxlaw-6680	676	118	in	in	ADP
taxlaw-6680	676	119	accordance	accordance	NOUN
taxlaw-6680	676	120	with	with	ADP
taxlaw-6680	676	121	the	the	DET
taxlaw-6680	676	122	partners	partner	NOUN
taxlaw-6680	676	123	’	'	PUNCT
taxlaw-6680	676	124	relative	relative	ADJ
taxlaw-6680	676	125	contributions	contribution	NOUN
taxlaw-6680	676	126	when	when	SCONJ
taxlaw-6680	676	127	the	the	DET
taxlaw-6680	676	128	realization	realization	NOUN
taxlaw-6680	676	129	of	of	ADP
taxlaw-6680	676	130	partnership	partnership	NOUN
taxlaw-6680	676	131	minimum	minimum	NOUN
taxlaw-6680	676	132	gain	gain	NOUN
taxlaw-6680	676	133	through	through	ADP
taxlaw-6680	676	134	taxable	taxable	ADJ
taxlaw-6680	676	135	disposition	disposition	NOUN
taxlaw-6680	676	136	of	of	ADP
taxlaw-6680	676	137	partnership	partnership	NOUN
taxlaw-6680	676	138	properties	property	NOUN
taxlaw-6680	676	139	is	be	AUX
taxlaw-6680	676	140	remote	remote	ADJ
taxlaw-6680	676	141	.	.	PUNCT
taxlaw-6680	677	1	the	the	DET
taxlaw-6680	677	2	pip	pip	PROPN
taxlaw-6680	677	3	version	version	NOUN
taxlaw-6680	677	4	of	of	ADP
taxlaw-6680	677	5	safe	safe	ADJ
taxlaw-6680	677	6	harbor	harbor	NOUN
taxlaw-6680	677	7	test	test	NOUN
taxlaw-6680	677	8	for	for	ADP
taxlaw-6680	677	9	allocation	allocation	NOUN
taxlaw-6680	677	10	of	of	ADP
taxlaw-6680	677	11	nonrecourse	nonrecourse	NOUN
taxlaw-6680	677	12	deductions	deduction	NOUN
taxlaw-6680	677	13	is	be	AUX
taxlaw-6680	677	14	also	also	ADV
taxlaw-6680	677	15	stricter	strict	ADJ
taxlaw-6680	677	16	than	than	ADP
taxlaw-6680	677	17	the	the	DET
taxlaw-6680	677	18	see	see	ADJ
taxlaw-6680	677	19	safe	safe	ADJ
taxlaw-6680	677	20	harbor	harbor	NOUN
taxlaw-6680	677	21	:	:	PUNCT
taxlaw-6680	677	22	the	the	DET
taxlaw-6680	677	23	allocation	allocation	NOUN
taxlaw-6680	677	24	must	must	AUX
taxlaw-6680	677	25	either	either	CCONJ
taxlaw-6680	677	26	satisfy	satisfy	VERB
taxlaw-6680	677	27	the	the	DET
taxlaw-6680	677	28	primary	primary	ADJ
taxlaw-6680	677	29	test	test	NOUN
taxlaw-6680	677	30	,	,	PUNCT
taxlaw-6680	677	31	or	or	CCONJ
taxlaw-6680	677	32	,	,	PUNCT
taxlaw-6680	677	33	if	if	SCONJ
taxlaw-6680	677	34	it	it	PRON
taxlaw-6680	677	35	fails	fail	VERB
taxlaw-6680	677	36	the	the	DET
taxlaw-6680	677	37	primary	primary	ADJ
taxlaw-6680	677	38	test	test	NOUN
taxlaw-6680	677	39	because	because	SCONJ
taxlaw-6680	677	40	an	an	DET
taxlaw-6680	677	41	unlimited	unlimited	ADJ
taxlaw-6680	677	42	dro	dro	NOUN
taxlaw-6680	677	43	is	be	AUX
taxlaw-6680	677	44	lacking	lack	VERB
taxlaw-6680	677	45	,	,	PUNCT
taxlaw-6680	677	46	the	the	DET
taxlaw-6680	677	47	partnership	partnership	NOUN
taxlaw-6680	677	48	agreement	agreement	NOUN
taxlaw-6680	677	49	must	must	AUX
taxlaw-6680	677	50	have	have	VERB
taxlaw-6680	677	51	a	a	DET
taxlaw-6680	677	52	qio	qio	NOUN
taxlaw-6680	677	53	provision.132	provision.132	ADP
taxlaw-6680	677	54	the	the	DET
taxlaw-6680	677	55	test	test	NOUN
taxlaw-6680	677	56	also	also	ADV
taxlaw-6680	677	57	requires	require	VERB
taxlaw-6680	677	58	nonrecourse	nonrecourse	NOUN
taxlaw-6680	677	59	deductions	deduction	NOUN
taxlaw-6680	677	60	to	to	PART
taxlaw-6680	677	61	be	be	AUX
taxlaw-6680	677	62	allocated	allocate	VERB
taxlaw-6680	677	63	“	"	PUNCT
taxlaw-6680	677	64	in	in	ADP
taxlaw-6680	677	65	a	a	DET
taxlaw-6680	677	66	manner	manner	NOUN
taxlaw-6680	677	67	that	that	PRON
taxlaw-6680	677	68	is	be	AUX
taxlaw-6680	677	69	reasonably	reasonably	ADV
taxlaw-6680	677	70	consistent	consistent	ADJ
taxlaw-6680	677	71	with	with	ADP
taxlaw-6680	677	72	allocations	allocation	NOUN
taxlaw-6680	677	73	that	that	PRON
taxlaw-6680	677	74	have	have	VERB
taxlaw-6680	677	75	substantial	substantial	ADJ
taxlaw-6680	677	76	economic	economic	ADJ
taxlaw-6680	677	77	effect	effect	NOUN
taxlaw-6680	677	78	of	of	ADP
taxlaw-6680	677	79	some	some	DET
taxlaw-6680	677	80	other	other	ADJ
taxlaw-6680	677	81	significant	significant	ADJ
taxlaw-6680	677	82	partnership	partnership	NOUN
taxlaw-6680	677	83	item	item	NOUN
taxlaw-6680	677	84	attributable	attributable	ADJ
taxlaw-6680	677	85	to	to	ADP
taxlaw-6680	677	86	the	the	DET
taxlaw-6680	677	87	property	property	NOUN
taxlaw-6680	677	88	securing	secure	VERB
taxlaw-6680	677	89	the	the	DET
taxlaw-6680	677	90	nonrecourse	nonrecourse	NOUN
taxlaw-6680	677	91	liabilities	liability	NOUN
taxlaw-6680	677	92	.	.	PUNCT
taxlaw-6680	677	93	”	"	PUNCT
taxlaw-6680	678	1	133	133	NUM
taxlaw-6680	678	2	for	for	ADP
taxlaw-6680	678	3	example	example	NOUN
taxlaw-6680	678	4	,	,	PUNCT
taxlaw-6680	678	5	if	if	SCONJ
taxlaw-6680	678	6	income	income	NOUN
taxlaw-6680	678	7	and	and	CCONJ
taxlaw-6680	678	8	expense	expense	NOUN
taxlaw-6680	678	9	attributable	attributable	ADJ
taxlaw-6680	678	10	to	to	ADP
taxlaw-6680	678	11	the	the	DET
taxlaw-6680	678	12	property	property	NOUN
taxlaw-6680	678	13	securing	secure	VERB
taxlaw-6680	678	14	the	the	DET
taxlaw-6680	678	15	nonrecourse	nonrecourse	NOUN
taxlaw-6680	678	16	liability	liability	NOUN
taxlaw-6680	678	17	128	128	NUM
taxlaw-6680	678	18	for	for	ADP
taxlaw-6680	678	19	example	example	NOUN
taxlaw-6680	678	20	,	,	PUNCT
taxlaw-6680	678	21	if	if	SCONJ
taxlaw-6680	678	22	the	the	DET
taxlaw-6680	678	23	only	only	ADJ
taxlaw-6680	678	24	reasonably	reasonably	ADV
taxlaw-6680	678	25	expected	expect	VERB
taxlaw-6680	678	26	activity	activity	NOUN
taxlaw-6680	678	27	of	of	ADP
taxlaw-6680	678	28	a	a	DET
taxlaw-6680	678	29	partnership	partnership	NOUN
taxlaw-6680	678	30	is	be	AUX
taxlaw-6680	678	31	to	to	PART
taxlaw-6680	678	32	hold	hold	VERB
taxlaw-6680	678	33	equity	equity	NOUN
taxlaw-6680	678	34	securities	security	NOUN
taxlaw-6680	678	35	,	,	PUNCT
taxlaw-6680	678	36	the	the	DET
taxlaw-6680	678	37	partnership	partnership	NOUN
taxlaw-6680	678	38	will	will	AUX
taxlaw-6680	678	39	incur	incur	VERB
taxlaw-6680	678	40	no	no	DET
taxlaw-6680	678	41	debt	debt	NOUN
taxlaw-6680	678	42	,	,	PUNCT
taxlaw-6680	678	43	and	and	CCONJ
taxlaw-6680	678	44	a	a	DET
taxlaw-6680	678	45	liquidating	liquidating	NOUN
taxlaw-6680	678	46	distribution	distribution	NOUN
taxlaw-6680	678	47	will	will	AUX
taxlaw-6680	678	48	be	be	AUX
taxlaw-6680	678	49	made	make	VERB
taxlaw-6680	678	50	strictly	strictly	ADV
taxlaw-6680	678	51	in	in	ADP
taxlaw-6680	678	52	proportion	proportion	NOUN
taxlaw-6680	678	53	to	to	ADP
taxlaw-6680	678	54	capital	capital	NOUN
taxlaw-6680	678	55	contributions	contribution	NOUN
taxlaw-6680	678	56	,	,	PUNCT
taxlaw-6680	678	57	an	an	DET
taxlaw-6680	678	58	allocation	allocation	NOUN
taxlaw-6680	678	59	of	of	ADP
taxlaw-6680	678	60	all	all	DET
taxlaw-6680	678	61	partnership	partnership	NOUN
taxlaw-6680	678	62	items	item	NOUN
taxlaw-6680	678	63	in	in	ADP
taxlaw-6680	678	64	proportion	proportion	NOUN
taxlaw-6680	678	65	to	to	ADP
taxlaw-6680	678	66	capital	capital	NOUN
taxlaw-6680	678	67	contributions	contribution	NOUN
taxlaw-6680	678	68	is	be	AUX
taxlaw-6680	678	69	very	very	ADV
taxlaw-6680	678	70	unlikely	unlikely	ADJ
taxlaw-6680	678	71	to	to	PART
taxlaw-6680	678	72	cause	cause	VERB
taxlaw-6680	678	73	a	a	DET
taxlaw-6680	678	74	capital	capital	NOUN
taxlaw-6680	678	75	account	account	NOUN
taxlaw-6680	678	76	deficit	deficit	NOUN
taxlaw-6680	678	77	,	,	PUNCT
taxlaw-6680	678	78	based	base	VERB
taxlaw-6680	678	79	on	on	ADP
taxlaw-6680	678	80	the	the	DET
taxlaw-6680	678	81	type	type	NOUN
taxlaw-6680	678	82	of	of	ADP
taxlaw-6680	678	83	economic	economic	ADJ
taxlaw-6680	678	84	activities	activity	NOUN
taxlaw-6680	678	85	and	and	CCONJ
taxlaw-6680	678	86	the	the	DET
taxlaw-6680	678	87	partners	partner	NOUN
taxlaw-6680	678	88	’	’	PART
taxlaw-6680	678	89	liquidation	liquidation	NOUN
taxlaw-6680	678	90	arrangement	arrangement	NOUN
taxlaw-6680	678	91	.	.	PUNCT
taxlaw-6680	679	1	thus	thus	ADV
taxlaw-6680	679	2	,	,	PUNCT
taxlaw-6680	679	3	an	an	DET
taxlaw-6680	679	4	unlimited	unlimited	ADJ
taxlaw-6680	679	5	dro	dro	NOUN
taxlaw-6680	679	6	should	should	AUX
taxlaw-6680	679	7	not	not	PART
taxlaw-6680	679	8	be	be	AUX
taxlaw-6680	679	9	required	require	VERB
taxlaw-6680	679	10	for	for	ADP
taxlaw-6680	679	11	applying	apply	VERB
taxlaw-6680	679	12	the	the	DET
taxlaw-6680	679	13	eee	eee	NOUN
taxlaw-6680	679	14	test	test	NOUN
taxlaw-6680	679	15	.	.	PUNCT
taxlaw-6680	680	1	by	by	ADP
taxlaw-6680	680	2	contrast	contrast	NOUN
taxlaw-6680	680	3	,	,	PUNCT
taxlaw-6680	680	4	if	if	SCONJ
taxlaw-6680	680	5	the	the	DET
taxlaw-6680	680	6	same	same	ADJ
taxlaw-6680	680	7	partnership	partnership	NOUN
taxlaw-6680	680	8	takes	take	VERB
taxlaw-6680	680	9	out	out	ADP
taxlaw-6680	680	10	recourse	recourse	NOUN
taxlaw-6680	680	11	debt	debt	NOUN
taxlaw-6680	680	12	and	and	CCONJ
taxlaw-6680	680	13	invests	invest	VERB
taxlaw-6680	680	14	the	the	DET
taxlaw-6680	680	15	proceeds	proceed	NOUN
taxlaw-6680	680	16	in	in	ADP
taxlaw-6680	680	17	equity	equity	NOUN
taxlaw-6680	680	18	securities	security	NOUN
taxlaw-6680	680	19	,	,	PUNCT
taxlaw-6680	680	20	an	an	DET
taxlaw-6680	680	21	unlimited	unlimited	ADJ
taxlaw-6680	680	22	dro	dro	NOUN
taxlaw-6680	680	23	may	may	AUX
taxlaw-6680	680	24	be	be	AUX
taxlaw-6680	680	25	required	require	VERB
taxlaw-6680	680	26	for	for	ADP
taxlaw-6680	680	27	applying	apply	VERB
taxlaw-6680	680	28	the	the	DET
taxlaw-6680	680	29	eee	eee	NOUN
taxlaw-6680	680	30	test	test	NOUN
taxlaw-6680	680	31	regardless	regardless	ADV
taxlaw-6680	680	32	of	of	ADP
taxlaw-6680	680	33	how	how	SCONJ
taxlaw-6680	680	34	small	small	ADJ
taxlaw-6680	680	35	the	the	DET
taxlaw-6680	680	36	downside	downside	ADJ
taxlaw-6680	680	37	risk	risk	NOUN
taxlaw-6680	680	38	of	of	ADP
taxlaw-6680	680	39	the	the	DET
taxlaw-6680	680	40	equity	equity	NOUN
taxlaw-6680	680	41	securities	security	NOUN
taxlaw-6680	680	42	is	be	AUX
taxlaw-6680	680	43	perceived	perceive	VERB
taxlaw-6680	680	44	to	to	PART
taxlaw-6680	680	45	be	be	AUX
taxlaw-6680	680	46	,	,	PUNCT
taxlaw-6680	680	47	because	because	SCONJ
taxlaw-6680	680	48	the	the	DET
taxlaw-6680	680	49	speculative	speculative	ADJ
taxlaw-6680	680	50	outcome	outcome	NOUN
taxlaw-6680	680	51	of	of	ADP
taxlaw-6680	680	52	an	an	DET
taxlaw-6680	680	53	economic	economic	ADJ
taxlaw-6680	680	54	activity	activity	NOUN
taxlaw-6680	680	55	should	should	AUX
taxlaw-6680	680	56	not	not	PART
taxlaw-6680	680	57	justify	justify	VERB
taxlaw-6680	680	58	a	a	DET
taxlaw-6680	680	59	lack	lack	NOUN
taxlaw-6680	680	60	of	of	ADP
taxlaw-6680	680	61	an	an	DET
taxlaw-6680	680	62	unlimited	unlimited	ADJ
taxlaw-6680	680	63	dro	dro	NOUN
taxlaw-6680	680	64	for	for	ADP
taxlaw-6680	680	65	purposes	purpose	NOUN
taxlaw-6680	680	66	of	of	ADP
taxlaw-6680	680	67	the	the	DET
taxlaw-6680	680	68	eee	eee	NOUN
taxlaw-6680	680	69	test	test	NOUN
taxlaw-6680	680	70	.	.	PUNCT
taxlaw-6680	681	1	129	129	NUM
taxlaw-6680	681	2	i.r.s	i.r.	NOUN
taxlaw-6680	681	3	.	.	PUNCT
taxlaw-6680	681	4	,	,	PUNCT
taxlaw-6680	681	5	supra	supra	PROPN
taxlaw-6680	681	6	note	note	VERB
taxlaw-6680	681	7	93	93	NUM
taxlaw-6680	681	8	.	.	PUNCT
taxlaw-6680	682	1	130	130	NUM
taxlaw-6680	682	2	see	see	VERB
taxlaw-6680	682	3	treas	treas	PROPN
taxlaw-6680	682	4	.	.	PUNCT
taxlaw-6680	683	1	reg	reg	PROPN
taxlaw-6680	683	2	.	.	PUNCT
taxlaw-6680	684	1	§	§	PROPN
taxlaw-6680	684	2	1.704	1.704	NUM
taxlaw-6680	684	3	-	-	NUM
taxlaw-6680	684	4	2(b)(1	2(b)(1	NUM
taxlaw-6680	684	5	)	)	PUNCT
taxlaw-6680	684	6	.	.	PUNCT
taxlaw-6680	685	1	131	131	NUM
taxlaw-6680	685	2	see	see	VERB
taxlaw-6680	685	3	treas	treas	PROPN
taxlaw-6680	685	4	.	.	PUNCT
taxlaw-6680	686	1	reg	reg	PROPN
taxlaw-6680	686	2	.	.	PUNCT
taxlaw-6680	687	1	§	§	PROPN
taxlaw-6680	687	2	1.704	1.704	NUM
taxlaw-6680	687	3	-	-	NUM
taxlaw-6680	687	4	2(e	2(e	NUM
taxlaw-6680	687	5	)	)	PUNCT
taxlaw-6680	687	6	for	for	ADP
taxlaw-6680	687	7	when	when	SCONJ
taxlaw-6680	687	8	allocations	allocation	NOUN
taxlaw-6680	687	9	of	of	ADP
taxlaw-6680	687	10	non	non	ADJ
taxlaw-6680	687	11	-	-	ADJ
taxlaw-6680	687	12	recourse	recourse	ADJ
taxlaw-6680	687	13	deductions	deduction	NOUN
taxlaw-6680	687	14	will	will	AUX
taxlaw-6680	687	15	satisfy	satisfy	VERB
taxlaw-6680	687	16	the	the	DET
taxlaw-6680	687	17	pip	pip	PROPN
taxlaw-6680	687	18	test	test	NOUN
taxlaw-6680	687	19	.	.	PUNCT
taxlaw-6680	688	1	132	132	NUM
taxlaw-6680	688	2	treas	trea	NOUN
taxlaw-6680	688	3	.	.	PUNCT
taxlaw-6680	689	1	reg	reg	PROPN
taxlaw-6680	689	2	.	.	PUNCT
taxlaw-6680	690	1	§	§	PROPN
taxlaw-6680	690	2	1.704	1.704	NUM
taxlaw-6680	690	3	-	-	NUM
taxlaw-6680	690	4	2(e)(1	2(e)(1	NUM
taxlaw-6680	690	5	)	)	PUNCT
taxlaw-6680	690	6	.	.	PUNCT
taxlaw-6680	691	1	133	133	NUM
taxlaw-6680	691	2	treas	trea	NOUN
taxlaw-6680	691	3	.	.	PUNCT
taxlaw-6680	692	1	reg	reg	PROPN
taxlaw-6680	692	2	.	.	PUNCT
taxlaw-6680	693	1	§	§	PROPN
taxlaw-6680	693	2	1.704	1.704	NUM
taxlaw-6680	693	3	-	-	NUM
taxlaw-6680	693	4	2(e)(2	2(e)(2	NUM
taxlaw-6680	693	5	)	)	PUNCT
taxlaw-6680	693	6	.	.	PUNCT
taxlaw-6680	694	1	an	an	DET
taxlaw-6680	694	2	example	example	NOUN
taxlaw-6680	694	3	would	would	AUX
taxlaw-6680	694	4	be	be	AUX
taxlaw-6680	694	5	income	income	NOUN
taxlaw-6680	694	6	generated	generate	VERB
taxlaw-6680	694	7	by	by	ADP
taxlaw-6680	694	8	the	the	DET
taxlaw-6680	694	9	property	property	NOUN
taxlaw-6680	694	10	securing	secure	VERB
taxlaw-6680	694	11	the	the	DET
taxlaw-6680	694	12	nonrecourse	nonrecourse	NOUN
taxlaw-6680	694	13	liability	liability	NOUN
taxlaw-6680	694	14	.	.	PUNCT
taxlaw-6680	695	1	see	see	VERB
taxlaw-6680	695	2	also	also	ADV
taxlaw-6680	695	3	discussion	discussion	NOUN
taxlaw-6680	695	4	in	in	ADP
taxlaw-6680	695	5	part	part	NOUN
taxlaw-6680	695	6	ii.d	ii.d	PRON
taxlaw-6680	695	7	.	.	PUNCT
taxlaw-6680	695	8	,	,	PUNCT
taxlaw-6680	695	9	supra	supra	PROPN
taxlaw-6680	695	10	.	.	PUNCT
taxlaw-6680	696	1	[	[	X
taxlaw-6680	696	2	vol	vol	NOUN
taxlaw-6680	696	3	.	.	PUNCT
taxlaw-6680	696	4	11:1	11:1	NUM
taxlaw-6680	696	5	columbia	columbia	PROPN
taxlaw-6680	696	6	journal	journal	PROPN
taxlaw-6680	696	7	of	of	ADP
taxlaw-6680	696	8	tax	tax	NOUN
taxlaw-6680	696	9	law	law	NOUN
taxlaw-6680	696	10	130	130	NUM
taxlaw-6680	696	11	will	will	AUX
taxlaw-6680	696	12	be	be	AUX
taxlaw-6680	696	13	allocated	allocate	VERB
taxlaw-6680	696	14	50/50	50/50	NUM
taxlaw-6680	696	15	between	between	ADP
taxlaw-6680	696	16	the	the	DET
taxlaw-6680	696	17	partners	partner	NOUN
taxlaw-6680	696	18	and	and	CCONJ
taxlaw-6680	696	19	,	,	PUNCT
taxlaw-6680	696	20	assuming	assume	VERB
taxlaw-6680	696	21	that	that	SCONJ
taxlaw-6680	696	22	the	the	DET
taxlaw-6680	696	23	allocation	allocation	NOUN
taxlaw-6680	696	24	satisfies	satisfy	VERB
taxlaw-6680	696	25	the	the	DET
taxlaw-6680	696	26	see	see	VERB
taxlaw-6680	696	27	safe	safe	ADJ
taxlaw-6680	696	28	harbor	harbor	NOUN
taxlaw-6680	696	29	,	,	PUNCT
taxlaw-6680	696	30	allocations	allocation	NOUN
taxlaw-6680	696	31	of	of	ADP
taxlaw-6680	696	32	nonrecourse	nonrecourse	NOUN
taxlaw-6680	696	33	deduction	deduction	NOUN
taxlaw-6680	696	34	ranging	range	VERB
taxlaw-6680	696	35	from	from	ADP
taxlaw-6680	696	36	50/50	50/50	NUM
taxlaw-6680	696	37	to	to	ADP
taxlaw-6680	696	38	90/10	90/10	NUM
taxlaw-6680	696	39	may	may	AUX
taxlaw-6680	696	40	be	be	AUX
taxlaw-6680	696	41	considered	consider	VERB
taxlaw-6680	696	42	reasonable	reasonable	ADJ
taxlaw-6680	696	43	,	,	PUNCT
taxlaw-6680	696	44	but	but	CCONJ
taxlaw-6680	696	45	there	there	PRON
taxlaw-6680	696	46	is	be	VERB
taxlaw-6680	696	47	no	no	DET
taxlaw-6680	696	48	bright	bright	ADJ
taxlaw-6680	696	49	-	-	PUNCT
taxlaw-6680	696	50	line	line	NOUN
taxlaw-6680	696	51	rule	rule	NOUN
taxlaw-6680	696	52	on	on	ADP
taxlaw-6680	696	53	this	this	DET
taxlaw-6680	696	54	issue.134	issue.134	PROPN
taxlaw-6680	696	55	an	an	DET
taxlaw-6680	696	56	implication	implication	NOUN
taxlaw-6680	696	57	of	of	ADP
taxlaw-6680	696	58	the	the	DET
taxlaw-6680	696	59	wording	wording	NOUN
taxlaw-6680	696	60	of	of	ADP
taxlaw-6680	696	61	the	the	DET
taxlaw-6680	696	62	nonrecourse	nonrecourse	PROPN
taxlaw-6680	696	63	deduction	deduction	NOUN
taxlaw-6680	696	64	regulations	regulation	NOUN
taxlaw-6680	696	65	is	be	AUX
taxlaw-6680	696	66	that	that	SCONJ
taxlaw-6680	696	67	,	,	PUNCT
taxlaw-6680	696	68	if	if	SCONJ
taxlaw-6680	696	69	the	the	DET
taxlaw-6680	696	70	partnership	partnership	NOUN
taxlaw-6680	696	71	agreement	agreement	NOUN
taxlaw-6680	696	72	does	do	AUX
taxlaw-6680	696	73	not	not	PART
taxlaw-6680	696	74	include	include	VERB
taxlaw-6680	696	75	provisions	provision	NOUN
taxlaw-6680	696	76	that	that	PRON
taxlaw-6680	696	77	satisfy	satisfy	VERB
taxlaw-6680	696	78	either	either	CCONJ
taxlaw-6680	696	79	the	the	DET
taxlaw-6680	696	80	primary	primary	NOUN
taxlaw-6680	696	81	or	or	CCONJ
taxlaw-6680	696	82	the	the	DET
taxlaw-6680	696	83	alternate	alternate	ADJ
taxlaw-6680	696	84	test	test	NOUN
taxlaw-6680	696	85	,	,	PUNCT
taxlaw-6680	696	86	it	it	PRON
taxlaw-6680	696	87	is	be	AUX
taxlaw-6680	696	88	not	not	PART
taxlaw-6680	696	89	entitled	entitle	VERB
taxlaw-6680	696	90	to	to	ADP
taxlaw-6680	696	91	a	a	DET
taxlaw-6680	696	92	safe	safe	ADJ
taxlaw-6680	696	93	harbor	harbor	NOUN
taxlaw-6680	696	94	for	for	ADP
taxlaw-6680	696	95	allocation	allocation	NOUN
taxlaw-6680	696	96	of	of	ADP
taxlaw-6680	696	97	nonrecourse	nonrecourse	NOUN
taxlaw-6680	696	98	deductions	deduction	NOUN
taxlaw-6680	696	99	,	,	PUNCT
taxlaw-6680	696	100	and	and	CCONJ
taxlaw-6680	696	101	satisfying	satisfy	VERB
taxlaw-6680	696	102	the	the	DET
taxlaw-6680	696	103	eee	eee	NOUN
taxlaw-6680	696	104	test	test	NOUN
taxlaw-6680	696	105	can	can	AUX
taxlaw-6680	696	106	not	not	PART
taxlaw-6680	696	107	save	save	VERB
taxlaw-6680	696	108	the	the	DET
taxlaw-6680	696	109	day	day	NOUN
taxlaw-6680	696	110	.	.	PUNCT
taxlaw-6680	697	1	this	this	PRON
taxlaw-6680	697	2	is	be	AUX
taxlaw-6680	697	3	because	because	SCONJ
taxlaw-6680	697	4	instead	instead	ADV
taxlaw-6680	697	5	of	of	ADP
taxlaw-6680	697	6	referring	refer	VERB
taxlaw-6680	697	7	to	to	ADP
taxlaw-6680	697	8	the	the	DET
taxlaw-6680	697	9	see	see	ADJ
taxlaw-6680	697	10	safe	safe	ADJ
taxlaw-6680	697	11	harbor	harbor	NOUN
taxlaw-6680	697	12	generally	generally	ADV
taxlaw-6680	697	13	,	,	PUNCT
taxlaw-6680	697	14	the	the	DET
taxlaw-6680	697	15	nonrecourse	nonrecourse	NOUN
taxlaw-6680	697	16	deduction	deduction	NOUN
taxlaw-6680	697	17	regulations	regulation	NOUN
taxlaw-6680	697	18	specifically	specifically	ADV
taxlaw-6680	697	19	require	require	VERB
taxlaw-6680	697	20	certain	certain	ADJ
taxlaw-6680	697	21	elements	element	NOUN
taxlaw-6680	697	22	in	in	ADP
taxlaw-6680	697	23	the	the	DET
taxlaw-6680	697	24	primary	primary	ADJ
taxlaw-6680	697	25	test	test	NOUN
taxlaw-6680	697	26	and	and	CCONJ
taxlaw-6680	697	27	the	the	DET
taxlaw-6680	697	28	alternate	alternate	ADJ
taxlaw-6680	697	29	test	test	NOUN
taxlaw-6680	697	30	to	to	PART
taxlaw-6680	697	31	be	be	AUX
taxlaw-6680	697	32	satisfied	satisfied	ADJ
taxlaw-6680	697	33	in	in	ADP
taxlaw-6680	697	34	order	order	NOUN
taxlaw-6680	697	35	for	for	ADP
taxlaw-6680	697	36	the	the	DET
taxlaw-6680	697	37	safe	safe	ADJ
taxlaw-6680	697	38	harbor	harbor	NOUN
taxlaw-6680	697	39	to	to	ADP
taxlaw-6680	697	40	apply.135	apply.135	DET
taxlaw-6680	697	41	one	one	PRON
taxlaw-6680	697	42	may	may	AUX
taxlaw-6680	697	43	argue	argue	VERB
taxlaw-6680	697	44	that	that	SCONJ
taxlaw-6680	697	45	as	as	ADP
taxlaw-6680	697	46	a	a	DET
taxlaw-6680	697	47	matter	matter	NOUN
taxlaw-6680	697	48	of	of	ADP
taxlaw-6680	697	49	tax	tax	NOUN
taxlaw-6680	697	50	policy	policy	NOUN
taxlaw-6680	697	51	,	,	PUNCT
taxlaw-6680	697	52	if	if	SCONJ
taxlaw-6680	697	53	allocations	allocation	NOUN
taxlaw-6680	697	54	under	under	ADP
taxlaw-6680	697	55	a	a	DET
taxlaw-6680	697	56	partnership	partnership	NOUN
taxlaw-6680	697	57	agreement	agreement	NOUN
taxlaw-6680	697	58	satisfy	satisfy	VERB
taxlaw-6680	697	59	the	the	DET
taxlaw-6680	697	60	eee	eee	NOUN
taxlaw-6680	697	61	test	test	NOUN
taxlaw-6680	697	62	overall	overall	ADJ
taxlaw-6680	697	63	,	,	PUNCT
taxlaw-6680	697	64	the	the	DET
taxlaw-6680	697	65	nonrecourse	nonrecourse	NOUN
taxlaw-6680	697	66	deduction	deduction	NOUN
taxlaw-6680	697	67	safe	safe	ADJ
taxlaw-6680	697	68	harbor	harbor	NOUN
taxlaw-6680	697	69	should	should	AUX
taxlaw-6680	697	70	apply	apply	VERB
taxlaw-6680	697	71	to	to	ADP
taxlaw-6680	697	72	allocations	allocation	NOUN
taxlaw-6680	697	73	of	of	ADP
taxlaw-6680	697	74	nonrecourse	nonrecourse	NOUN
taxlaw-6680	697	75	deductions	deduction	NOUN
taxlaw-6680	697	76	under	under	ADP
taxlaw-6680	697	77	the	the	DET
taxlaw-6680	697	78	partnership	partnership	NOUN
taxlaw-6680	697	79	agreement.136	agreement.136	ADV
taxlaw-6680	697	80	there	there	PRON
taxlaw-6680	697	81	are	be	VERB
taxlaw-6680	697	82	two	two	NUM
taxlaw-6680	697	83	rationales	rationale	NOUN
taxlaw-6680	697	84	behind	behind	ADP
taxlaw-6680	697	85	this	this	DET
taxlaw-6680	697	86	argument	argument	NOUN
taxlaw-6680	697	87	.	.	PUNCT
taxlaw-6680	698	1	first	first	ADV
taxlaw-6680	698	2	,	,	PUNCT
taxlaw-6680	698	3	an	an	DET
taxlaw-6680	698	4	allocation	allocation	NOUN
taxlaw-6680	698	5	of	of	ADP
taxlaw-6680	698	6	nonrecourse	nonrecourse	NOUN
taxlaw-6680	698	7	deductions	deduction	NOUN
taxlaw-6680	698	8	by	by	ADP
taxlaw-6680	698	9	itself	itself	PRON
taxlaw-6680	698	10	always	always	ADV
taxlaw-6680	698	11	has	have	VERB
taxlaw-6680	698	12	economic	economic	ADJ
taxlaw-6680	698	13	effect	effect	NOUN
taxlaw-6680	698	14	equivalence	equivalence	NOUN
taxlaw-6680	698	15	due	due	ADP
taxlaw-6680	698	16	to	to	ADP
taxlaw-6680	698	17	the	the	DET
taxlaw-6680	698	18	artificial	artificial	ADJ
taxlaw-6680	698	19	rule	rule	NOUN
taxlaw-6680	698	20	of	of	ADP
taxlaw-6680	698	21	minimum	minimum	ADJ
taxlaw-6680	698	22	gain	gain	NOUN
taxlaw-6680	698	23	chargebacks	chargeback	NOUN
taxlaw-6680	698	24	.	.	PUNCT
taxlaw-6680	699	1	regardless	regardless	ADV
taxlaw-6680	699	2	of	of	ADP
taxlaw-6680	699	3	how	how	SCONJ
taxlaw-6680	699	4	remote	remote	ADJ
taxlaw-6680	699	5	the	the	DET
taxlaw-6680	699	6	chargeback	chargeback	NOUN
taxlaw-6680	699	7	is	be	AUX
taxlaw-6680	699	8	,	,	PUNCT
taxlaw-6680	699	9	an	an	DET
taxlaw-6680	699	10	allocation	allocation	NOUN
taxlaw-6680	699	11	of	of	ADP
taxlaw-6680	699	12	nonrecourse	nonrecourse	NOUN
taxlaw-6680	699	13	deduction	deduction	NOUN
taxlaw-6680	699	14	will	will	AUX
taxlaw-6680	699	15	almost	almost	ADV
taxlaw-6680	699	16	never	never	ADV
taxlaw-6680	699	17	cause	cause	VERB
taxlaw-6680	699	18	a	a	DET
taxlaw-6680	699	19	deviation	deviation	NOUN
taxlaw-6680	699	20	of	of	ADP
taxlaw-6680	699	21	the	the	DET
taxlaw-6680	699	22	outcome	outcome	NOUN
taxlaw-6680	699	23	in	in	ADP
taxlaw-6680	699	24	a	a	DET
taxlaw-6680	699	25	current	current	ADJ
taxlaw-6680	699	26	or	or	CCONJ
taxlaw-6680	699	27	future	future	ADJ
taxlaw-6680	699	28	hypothetical	hypothetical	ADJ
taxlaw-6680	699	29	liquidation	liquidation	NOUN
taxlaw-6680	699	30	from	from	ADP
taxlaw-6680	699	31	that	that	PRON
taxlaw-6680	699	32	mandated	mandate	VERB
taxlaw-6680	699	33	by	by	ADP
taxlaw-6680	699	34	the	the	DET
taxlaw-6680	699	35	primary	primary	ADJ
taxlaw-6680	699	36	test	test	NOUN
taxlaw-6680	699	37	since	since	SCONJ
taxlaw-6680	699	38	its	its	PRON
taxlaw-6680	699	39	net	net	ADJ
taxlaw-6680	699	40	effect	effect	NOUN
taxlaw-6680	699	41	on	on	ADP
taxlaw-6680	699	42	capital	capital	NOUN
taxlaw-6680	699	43	account	account	NOUN
taxlaw-6680	699	44	balances	balance	NOUN
taxlaw-6680	699	45	is	be	AUX
taxlaw-6680	699	46	zero	zero	NUM
taxlaw-6680	699	47	,	,	PUNCT
taxlaw-6680	699	48	and	and	CCONJ
taxlaw-6680	699	49	thus	thus	ADV
taxlaw-6680	699	50	will	will	AUX
taxlaw-6680	699	51	always	always	ADV
taxlaw-6680	699	52	satisfy	satisfy	VERB
taxlaw-6680	699	53	the	the	DET
taxlaw-6680	699	54	eee	eee	NOUN
taxlaw-6680	699	55	test	test	NOUN
taxlaw-6680	699	56	.	.	PUNCT
taxlaw-6680	700	1	second	second	ADJ
taxlaw-6680	700	2	,	,	PUNCT
taxlaw-6680	700	3	if	if	SCONJ
taxlaw-6680	700	4	all	all	DET
taxlaw-6680	700	5	other	other	ADJ
taxlaw-6680	700	6	material	material	NOUN
taxlaw-6680	700	7	allocations	allocation	NOUN
taxlaw-6680	700	8	under	under	ADP
taxlaw-6680	700	9	the	the	DET
taxlaw-6680	700	10	partnership	partnership	NOUN
taxlaw-6680	700	11	agreement	agreement	NOUN
taxlaw-6680	700	12	also	also	ADV
taxlaw-6680	700	13	have	have	VERB
taxlaw-6680	700	14	economic	economic	ADJ
taxlaw-6680	700	15	effect	effect	NOUN
taxlaw-6680	700	16	equivalence	equivalence	NOUN
taxlaw-6680	700	17	,	,	PUNCT
taxlaw-6680	700	18	the	the	DET
taxlaw-6680	700	19	substance	substance	NOUN
taxlaw-6680	700	20	of	of	ADP
taxlaw-6680	700	21	the	the	DET
taxlaw-6680	700	22	partnership	partnership	NOUN
taxlaw-6680	700	23	agreement	agreement	NOUN
taxlaw-6680	700	24	would	would	AUX
taxlaw-6680	700	25	be	be	AUX
taxlaw-6680	700	26	as	as	SCONJ
taxlaw-6680	700	27	if	if	SCONJ
taxlaw-6680	700	28	it	it	PRON
taxlaw-6680	700	29	contains	contain	VERB
taxlaw-6680	700	30	provisions	provision	NOUN
taxlaw-6680	700	31	that	that	PRON
taxlaw-6680	700	32	satisfy	satisfy	VERB
taxlaw-6680	700	33	the	the	DET
taxlaw-6680	700	34	primary	primary	ADJ
taxlaw-6680	700	35	test	test	NOUN
taxlaw-6680	700	36	,	,	PUNCT
taxlaw-6680	700	37	and	and	CCONJ
taxlaw-6680	700	38	the	the	DET
taxlaw-6680	700	39	form	form	NOUN
taxlaw-6680	700	40	of	of	ADP
taxlaw-6680	700	41	the	the	DET
taxlaw-6680	700	42	deal	deal	NOUN
taxlaw-6680	700	43	,	,	PUNCT
taxlaw-6680	700	44	i.e.	i.e.	X
taxlaw-6680	700	45	,	,	PUNCT
taxlaw-6680	700	46	the	the	DET
taxlaw-6680	700	47	specific	specific	ADJ
taxlaw-6680	700	48	wording	wording	NOUN
taxlaw-6680	700	49	of	of	ADP
taxlaw-6680	700	50	the	the	DET
taxlaw-6680	700	51	partnership	partnership	NOUN
taxlaw-6680	700	52	agreement	agreement	NOUN
taxlaw-6680	700	53	,	,	PUNCT
taxlaw-6680	700	54	should	should	AUX
taxlaw-6680	700	55	not	not	PART
taxlaw-6680	700	56	make	make	VERB
taxlaw-6680	700	57	a	a	DET
taxlaw-6680	700	58	substantive	substantive	ADJ
taxlaw-6680	700	59	difference	difference	NOUN
taxlaw-6680	700	60	.	.	PUNCT
taxlaw-6680	701	1	consider	consider	VERB
taxlaw-6680	701	2	the	the	DET
taxlaw-6680	701	3	following	follow	VERB
taxlaw-6680	701	4	example	example	NOUN
taxlaw-6680	701	5	.	.	PUNCT
taxlaw-6680	702	1	example	example	NOUN
taxlaw-6680	703	1	six	six	NUM
taxlaw-6680	703	2	assume	assume	VERB
taxlaw-6680	703	3	the	the	DET
taxlaw-6680	703	4	same	same	ADJ
taxlaw-6680	703	5	facts	fact	NOUN
taxlaw-6680	703	6	as	as	ADP
taxlaw-6680	703	7	in	in	ADP
taxlaw-6680	703	8	example	example	NOUN
taxlaw-6680	703	9	two	two	NUM
taxlaw-6680	703	10	,	,	PUNCT
taxlaw-6680	703	11	except	except	SCONJ
taxlaw-6680	703	12	that	that	SCONJ
taxlaw-6680	703	13	g	g	PROPN
taxlaw-6680	703	14	and	and	CCONJ
taxlaw-6680	703	15	h	h	NOUN
taxlaw-6680	703	16	also	also	ADV
taxlaw-6680	703	17	take	take	VERB
taxlaw-6680	703	18	out	out	ADP
taxlaw-6680	703	19	a	a	DET
taxlaw-6680	703	20	$	$	SYM
taxlaw-6680	703	21	100,000	100,000	NUM
taxlaw-6680	703	22	nonrecourse	nonrecourse	NOUN
taxlaw-6680	703	23	debt	debt	NOUN
taxlaw-6680	703	24	,	,	PUNCT
taxlaw-6680	703	25	acquire	acquire	VERB
taxlaw-6680	703	26	depreciable	depreciable	ADJ
taxlaw-6680	703	27	property	property	NOUN
taxlaw-6680	703	28	for	for	ADP
taxlaw-6680	703	29	$	$	SYM
taxlaw-6680	703	30	100,000	100,000	NUM
taxlaw-6680	703	31	and	and	CCONJ
taxlaw-6680	703	32	use	use	VERB
taxlaw-6680	703	33	the	the	DET
taxlaw-6680	703	34	property	property	NOUN
taxlaw-6680	703	35	to	to	PART
taxlaw-6680	703	36	secure	secure	VERB
taxlaw-6680	703	37	the	the	DET
taxlaw-6680	703	38	debt	debt	NOUN
taxlaw-6680	703	39	.	.	PUNCT
taxlaw-6680	704	1	g	g	NOUN
taxlaw-6680	704	2	and	and	CCONJ
taxlaw-6680	704	3	h	h	NOUN
taxlaw-6680	704	4	allocate	allocate	ADJ
taxlaw-6680	704	5	depreciation	depreciation	NOUN
taxlaw-6680	704	6	deductions	deduction	NOUN
taxlaw-6680	704	7	from	from	ADP
taxlaw-6680	704	8	the	the	DET
taxlaw-6680	704	9	property	property	NOUN
taxlaw-6680	704	10	in	in	ADP
taxlaw-6680	704	11	a	a	DET
taxlaw-6680	704	12	ratio	ratio	NOUN
taxlaw-6680	704	13	of	of	ADP
taxlaw-6680	704	14	75/25	75/25	NUM
taxlaw-6680	704	15	.	.	PUNCT
taxlaw-6680	705	1	the	the	DET
taxlaw-6680	705	2	allocation	allocation	NOUN
taxlaw-6680	705	3	does	do	AUX
taxlaw-6680	705	4	not	not	PART
taxlaw-6680	705	5	affect	affect	VERB
taxlaw-6680	705	6	the	the	DET
taxlaw-6680	705	7	analysis	analysis	NOUN
taxlaw-6680	705	8	under	under	ADP
taxlaw-6680	705	9	the	the	DET
taxlaw-6680	705	10	eee	eee	NOUN
taxlaw-6680	705	11	test	test	NOUN
taxlaw-6680	705	12	and	and	CCONJ
taxlaw-6680	705	13	is	be	AUX
taxlaw-6680	705	14	obviously	obviously	ADV
taxlaw-6680	705	15	non	non	ADJ
taxlaw-6680	705	16	-	-	ADJ
taxlaw-6680	705	17	abusive	abusive	ADJ
taxlaw-6680	705	18	.	.	PUNCT
taxlaw-6680	706	1	however	however	ADV
taxlaw-6680	706	2	,	,	PUNCT
taxlaw-6680	706	3	under	under	ADP
taxlaw-6680	706	4	current	current	ADJ
taxlaw-6680	706	5	law	law	NOUN
taxlaw-6680	706	6	,	,	PUNCT
taxlaw-6680	706	7	the	the	DET
taxlaw-6680	706	8	allocation	allocation	NOUN
taxlaw-6680	706	9	is	be	AUX
taxlaw-6680	706	10	not	not	PART
taxlaw-6680	706	11	safe	safe	ADJ
taxlaw-6680	706	12	harbored	harbor	VERB
taxlaw-6680	706	13	since	since	SCONJ
taxlaw-6680	706	14	the	the	DET
taxlaw-6680	706	15	partnership	partnership	NOUN
taxlaw-6680	706	16	agreement	agreement	NOUN
taxlaw-6680	706	17	does	do	AUX
taxlaw-6680	706	18	not	not	PART
taxlaw-6680	706	19	directly	directly	ADV
taxlaw-6680	706	20	satisfy	satisfy	VERB
taxlaw-6680	706	21	the	the	DET
taxlaw-6680	706	22	primary	primary	NOUN
taxlaw-6680	706	23	or	or	CCONJ
taxlaw-6680	706	24	the	the	DET
taxlaw-6680	706	25	alternate	alternate	ADJ
taxlaw-6680	706	26	test	test	NOUN
taxlaw-6680	706	27	.	.	PUNCT
taxlaw-6680	707	1	5	5	X
taxlaw-6680	707	2	.	.	X
taxlaw-6680	707	3	when	when	SCONJ
taxlaw-6680	707	4	“	"	PUNCT
taxlaw-6680	707	5	reasonable	reasonable	ADJ
taxlaw-6680	707	6	”	"	PUNCT
taxlaw-6680	707	7	expectation	expectation	NOUN
taxlaw-6680	707	8	fails	fail	VERB
taxlaw-6680	707	9	whether	whether	SCONJ
taxlaw-6680	707	10	the	the	DET
taxlaw-6680	707	11	meaning	meaning	NOUN
taxlaw-6680	707	12	of	of	ADP
taxlaw-6680	707	13	the	the	DET
taxlaw-6680	707	14	words	word	NOUN
taxlaw-6680	707	15	“	"	PUNCT
taxlaw-6680	707	16	regardless	regardless	ADV
taxlaw-6680	707	17	of	of	ADP
taxlaw-6680	707	18	the	the	DET
taxlaw-6680	707	19	economic	economic	ADJ
taxlaw-6680	707	20	performance	performance	NOUN
taxlaw-6680	707	21	of	of	ADP
taxlaw-6680	707	22	the	the	DET
taxlaw-6680	707	23	partnership	partnership	NOUN
taxlaw-6680	707	24	”	"	PUNCT
taxlaw-6680	707	25	should	should	AUX
taxlaw-6680	707	26	be	be	AUX
taxlaw-6680	707	27	required	require	VERB
taxlaw-6680	707	28	and	and	CCONJ
taxlaw-6680	707	29	whether	whether	SCONJ
taxlaw-6680	707	30	unlimited	unlimited	ADJ
taxlaw-6680	707	31	dro	dro	PROPN
taxlaw-6680	707	32	should	should	AUX
taxlaw-6680	707	33	be	be	AUX
taxlaw-6680	707	34	required	require	VERB
taxlaw-6680	707	35	both	both	PRON
taxlaw-6680	707	36	depends	depend	VERB
taxlaw-6680	707	37	,	,	PUNCT
taxlaw-6680	707	38	to	to	ADP
taxlaw-6680	707	39	some	some	DET
taxlaw-6680	707	40	extent	extent	NOUN
taxlaw-6680	707	41	,	,	PUNCT
taxlaw-6680	707	42	on	on	ADP
taxlaw-6680	707	43	the	the	DET
taxlaw-6680	707	44	partners	partner	NOUN
taxlaw-6680	707	45	’	'	PUNCT
taxlaw-6680	707	46	reasonable	reasonable	ADJ
taxlaw-6680	707	47	expectations.137	expectations.137	NOUN
taxlaw-6680	707	48	two	two	NUM
taxlaw-6680	707	49	questions	question	NOUN
taxlaw-6680	707	50	therefore	therefore	ADV
taxlaw-6680	707	51	arise	arise	VERB
taxlaw-6680	707	52	:	:	PUNCT
taxlaw-6680	707	53	first	first	ADV
taxlaw-6680	707	54	,	,	PUNCT
taxlaw-6680	707	55	what	what	PRON
taxlaw-6680	707	56	kind	kind	NOUN
taxlaw-6680	707	57	of	of	ADP
taxlaw-6680	707	58	deference	deference	NOUN
taxlaw-6680	707	59	the	the	DET
taxlaw-6680	707	60	service	service	NOUN
taxlaw-6680	707	61	should	should	AUX
taxlaw-6680	707	62	give	give	VERB
taxlaw-6680	707	63	to	to	ADP
taxlaw-6680	707	64	the	the	DET
taxlaw-6680	707	65	partners	partner	NOUN
taxlaw-6680	707	66	’	'	PUNCT
taxlaw-6680	707	67	statement	statement	NOUN
taxlaw-6680	707	68	of	of	ADP
taxlaw-6680	707	69	their	their	PRON
taxlaw-6680	707	70	own	own	ADJ
taxlaw-6680	707	71	business	business	NOUN
taxlaw-6680	707	72	134	134	NUM
taxlaw-6680	707	73	see	see	NOUN
taxlaw-6680	707	74	,	,	PUNCT
taxlaw-6680	707	75	e.g.	e.g.	ADV
taxlaw-6680	707	76	,	,	PUNCT
taxlaw-6680	707	77	treas	treas	PROPN
taxlaw-6680	707	78	.	.	PUNCT
taxlaw-6680	708	1	reg	reg	PROPN
taxlaw-6680	708	2	§	§	PROPN
taxlaw-6680	708	3	1.704	1.704	NUM
taxlaw-6680	708	4	-	-	PUNCT
taxlaw-6680	708	5	2(m	2(m	NUM
taxlaw-6680	708	6	)	)	PUNCT
taxlaw-6680	708	7	,	,	PUNCT
taxlaw-6680	708	8	ex	ex	NOUN
taxlaw-6680	708	9	.	.	NOUN
taxlaw-6680	708	10	1(ii	1(ii	NUM
taxlaw-6680	708	11	)	)	PUNCT
taxlaw-6680	708	12	.	.	PUNCT
taxlaw-6680	709	1	135	135	NUM
taxlaw-6680	709	2	treas	trea	NOUN
taxlaw-6680	709	3	.	.	PUNCT
taxlaw-6680	710	1	reg	reg	PROPN
taxlaw-6680	710	2	.	.	PUNCT
taxlaw-6680	711	1	§	§	PROPN
taxlaw-6680	711	2	1.704	1.704	NUM
taxlaw-6680	711	3	-	-	NUM
taxlaw-6680	711	4	2(e	2(e	NUM
taxlaw-6680	711	5	)	)	PUNCT
taxlaw-6680	711	6	.	.	PUNCT
taxlaw-6680	712	1	136	136	NUM
taxlaw-6680	712	2	see	see	VERB
taxlaw-6680	712	3	cuff	cuff	NOUN
taxlaw-6680	712	4	,	,	PUNCT
taxlaw-6680	712	5	supra	supra	PROPN
taxlaw-6680	712	6	note	note	NOUN
taxlaw-6680	712	7	115	115	NUM
taxlaw-6680	712	8	,	,	PUNCT
taxlaw-6680	712	9	at	at	ADP
taxlaw-6680	712	10	180	180	NUM
taxlaw-6680	712	11	(	(	PUNCT
taxlaw-6680	712	12	arguing	argue	VERB
taxlaw-6680	712	13	that	that	SCONJ
taxlaw-6680	712	14	a	a	DET
taxlaw-6680	712	15	target	target	NOUN
taxlaw-6680	712	16	allocation	allocation	NOUN
taxlaw-6680	712	17	provision	provision	NOUN
taxlaw-6680	712	18	may	may	AUX
taxlaw-6680	712	19	satisfy	satisfy	VERB
taxlaw-6680	712	20	the	the	DET
taxlaw-6680	712	21	nonrecourse	nonrecourse	NOUN
taxlaw-6680	712	22	deduction	deduction	NOUN
taxlaw-6680	712	23	safe	safe	ADJ
taxlaw-6680	712	24	harbor	harbor	NOUN
taxlaw-6680	712	25	if	if	SCONJ
taxlaw-6680	712	26	allocations	allocation	NOUN
taxlaw-6680	712	27	thereunder	thereunder	NOUN
taxlaw-6680	712	28	have	have	VERB
taxlaw-6680	712	29	economic	economic	ADJ
taxlaw-6680	712	30	effect	effect	NOUN
taxlaw-6680	712	31	under	under	ADP
taxlaw-6680	712	32	the	the	DET
taxlaw-6680	712	33	eee	eee	NOUN
taxlaw-6680	712	34	test	test	NOUN
taxlaw-6680	712	35	,	,	PUNCT
taxlaw-6680	712	36	but	but	CCONJ
taxlaw-6680	712	37	indicating	indicate	VERB
taxlaw-6680	712	38	that	that	SCONJ
taxlaw-6680	712	39	“	"	PUNCT
taxlaw-6680	712	40	whether	whether	SCONJ
taxlaw-6680	712	41	this	this	DET
taxlaw-6680	712	42	argument	argument	NOUN
taxlaw-6680	712	43	works	work	VERB
taxlaw-6680	712	44	is	be	AUX
taxlaw-6680	712	45	a	a	DET
taxlaw-6680	712	46	matter	matter	NOUN
taxlaw-6680	712	47	of	of	ADP
taxlaw-6680	712	48	conjecture	conjecture	NOUN
taxlaw-6680	712	49	”	"	PUNCT
taxlaw-6680	712	50	)	)	PUNCT
taxlaw-6680	712	51	;	;	PUNCT
taxlaw-6680	712	52	todd	todd	PROPN
taxlaw-6680	712	53	d.	d.	PROPN
taxlaw-6680	712	54	golub	golub	PROPN
taxlaw-6680	712	55	,	,	PUNCT
taxlaw-6680	712	56	target	target	NOUN
taxlaw-6680	712	57	allocations	allocation	NOUN
taxlaw-6680	712	58	:	:	PUNCT
taxlaw-6680	712	59	the	the	DET
taxlaw-6680	712	60	swiss	swiss	ADJ
taxlaw-6680	712	61	army	army	NOUN
taxlaw-6680	712	62	knife	knife	NOUN
taxlaw-6680	712	63	of	of	ADP
taxlaw-6680	712	64	drafting	drafting	NOUN
taxlaw-6680	712	65	(	(	PUNCT
taxlaw-6680	712	66	good	good	ADJ
taxlaw-6680	712	67	for	for	ADP
taxlaw-6680	712	68	most	most	ADJ
taxlaw-6680	712	69	situations	situation	NOUN
taxlaw-6680	712	70	—	—	PUNCT
taxlaw-6680	712	71	but	but	CCONJ
taxlaw-6680	712	72	do	do	AUX
taxlaw-6680	712	73	n’t	not	PART
taxlaw-6680	712	74	bet	bet	VERB
taxlaw-6680	712	75	your	your	PRON
taxlaw-6680	712	76	life	life	NOUN
taxlaw-6680	712	77	on	on	ADP
taxlaw-6680	712	78	it	it	PRON
taxlaw-6680	712	79	)	)	PUNCT
taxlaw-6680	712	80	,	,	PUNCT
taxlaw-6680	712	81	87	87	NUM
taxlaw-6680	712	82	taxes	taxis	NOUN
taxlaw-6680	712	83	157	157	NUM
taxlaw-6680	712	84	,	,	PUNCT
taxlaw-6680	712	85	163	163	NUM
taxlaw-6680	712	86	-	-	SYM
taxlaw-6680	712	87	64	64	NUM
taxlaw-6680	712	88	(	(	PUNCT
taxlaw-6680	712	89	mar	mar	PROPN
taxlaw-6680	712	90	.	.	PROPN
taxlaw-6680	712	91	2009	2009	NUM
taxlaw-6680	712	92	)	)	PUNCT
taxlaw-6680	712	93	(	(	PUNCT
taxlaw-6680	712	94	arguing	argue	VERB
taxlaw-6680	712	95	that	that	SCONJ
taxlaw-6680	712	96	if	if	SCONJ
taxlaw-6680	712	97	allocations	allocation	NOUN
taxlaw-6680	712	98	satisfy	satisfy	VERB
taxlaw-6680	712	99	the	the	DET
taxlaw-6680	712	100	eee	eee	NOUN
taxlaw-6680	712	101	test	test	NOUN
taxlaw-6680	712	102	,	,	PUNCT
taxlaw-6680	712	103	such	such	ADJ
taxlaw-6680	712	104	as	as	ADP
taxlaw-6680	712	105	in	in	ADP
taxlaw-6680	712	106	a	a	DET
taxlaw-6680	712	107	target	target	NOUN
taxlaw-6680	712	108	allocation	allocation	NOUN
taxlaw-6680	712	109	scenario	scenario	NOUN
taxlaw-6680	712	110	,	,	PUNCT
taxlaw-6680	712	111	strict	strict	ADJ
taxlaw-6680	712	112	compliance	compliance	NOUN
taxlaw-6680	712	113	with	with	ADP
taxlaw-6680	712	114	this	this	DET
taxlaw-6680	712	115	aspect	aspect	NOUN
taxlaw-6680	712	116	of	of	ADP
taxlaw-6680	712	117	the	the	DET
taxlaw-6680	712	118	nonrecourse	nonrecourse	NOUN
taxlaw-6680	712	119	deduction	deduction	NOUN
taxlaw-6680	712	120	safe	safe	ADJ
taxlaw-6680	712	121	harbor	harbor	NOUN
taxlaw-6680	712	122	really	really	ADV
taxlaw-6680	712	123	should	should	AUX
taxlaw-6680	712	124	n’t	not	PART
taxlaw-6680	712	125	be	be	AUX
taxlaw-6680	712	126	necessary	necessary	ADJ
taxlaw-6680	712	127	as	as	SCONJ
taxlaw-6680	712	128	the	the	DET
taxlaw-6680	712	129	allocations	allocation	NOUN
taxlaw-6680	712	130	would	would	AUX
taxlaw-6680	712	131	be	be	AUX
taxlaw-6680	712	132	deemed	deem	VERB
taxlaw-6680	712	133	to	to	PART
taxlaw-6680	712	134	have	have	VERB
taxlaw-6680	712	135	economic	economic	ADJ
taxlaw-6680	712	136	effect	effect	NOUN
taxlaw-6680	712	137	)	)	PUNCT
taxlaw-6680	712	138	.	.	PUNCT
taxlaw-6680	713	1	137	137	NUM
taxlaw-6680	713	2	see	see	VERB
taxlaw-6680	713	3	discussions	discussion	NOUN
taxlaw-6680	713	4	in	in	ADP
taxlaw-6680	713	5	part	part	NOUN
taxlaw-6680	713	6	iii.c.2	iii.c.2	NOUN
taxlaw-6680	713	7	and	and	CCONJ
taxlaw-6680	713	8	part	part	PROPN
taxlaw-6680	713	9	iii.c.3	iii.c.3	PROPN
taxlaw-6680	713	10	,	,	PUNCT
taxlaw-6680	713	11	supra	supra	NOUN
taxlaw-6680	713	12	.	.	PUNCT
taxlaw-6680	714	1	2019	2019	NUM
taxlaw-6680	714	2	]	]	PUNCT
taxlaw-6680	714	3	a	a	DET
taxlaw-6680	714	4	gain	gain	NOUN
taxlaw-6680	714	5	must	must	AUX
taxlaw-6680	714	6	lie	lie	VERB
taxlaw-6680	714	7	where	where	SCONJ
taxlaw-6680	714	8	it	it	PRON
taxlaw-6680	714	9	falls	fall	VERB
taxlaw-6680	714	10	:	:	PUNCT
taxlaw-6680	714	11	matching	match	VERB
taxlaw-6680	714	12	tax	tax	NOUN
taxlaw-6680	714	13	with	with	ADP
taxlaw-6680	714	14	economics	economic	NOUN
taxlaw-6680	714	15	in	in	ADP
taxlaw-6680	714	16	subchapter	subchapter	NOUN
taxlaw-6680	714	17	k	k	PROPN
taxlaw-6680	714	18	131	131	NUM
taxlaw-6680	714	19	plan	plan	NOUN
taxlaw-6680	714	20	and	and	CCONJ
taxlaw-6680	714	21	expectations	expectation	NOUN
taxlaw-6680	714	22	;	;	PUNCT
taxlaw-6680	714	23	second	second	X
taxlaw-6680	714	24	,	,	PUNCT
taxlaw-6680	714	25	what	what	PRON
taxlaw-6680	714	26	the	the	DET
taxlaw-6680	714	27	service	service	NOUN
taxlaw-6680	714	28	should	should	AUX
taxlaw-6680	714	29	do	do	VERB
taxlaw-6680	714	30	if	if	SCONJ
taxlaw-6680	714	31	an	an	DET
taxlaw-6680	714	32	expectation	expectation	NOUN
taxlaw-6680	714	33	determined	determine	VERB
taxlaw-6680	714	34	to	to	PART
taxlaw-6680	714	35	be	be	AUX
taxlaw-6680	714	36	“	"	PUNCT
taxlaw-6680	714	37	reasonable	reasonable	ADJ
taxlaw-6680	714	38	”	"	PUNCT
taxlaw-6680	714	39	ex	ex	X
taxlaw-6680	714	40	ante	ante	NOUN
taxlaw-6680	714	41	deviates	deviate	VERB
taxlaw-6680	714	42	from	from	ADP
taxlaw-6680	714	43	the	the	DET
taxlaw-6680	714	44	ex	ex	ADJ
taxlaw-6680	714	45	post	post	PROPN
taxlaw-6680	714	46	outcome	outcome	NOUN
taxlaw-6680	714	47	.	.	PUNCT
taxlaw-6680	715	1	this	this	DET
taxlaw-6680	715	2	note	note	NOUN
taxlaw-6680	715	3	argues	argue	VERB
taxlaw-6680	715	4	that	that	SCONJ
taxlaw-6680	715	5	to	to	PART
taxlaw-6680	715	6	reduce	reduce	VERB
taxlaw-6680	715	7	administrative	administrative	ADJ
taxlaw-6680	715	8	cost	cost	NOUN
taxlaw-6680	715	9	and	and	CCONJ
taxlaw-6680	715	10	to	to	PART
taxlaw-6680	715	11	initially	initially	ADV
taxlaw-6680	715	12	respect	respect	VERB
taxlaw-6680	715	13	the	the	DET
taxlaw-6680	715	14	parties	party	NOUN
taxlaw-6680	715	15	’	’	PART
taxlaw-6680	715	16	self	self	NOUN
taxlaw-6680	715	17	-	-	PUNCT
taxlaw-6680	715	18	claimed	claim	VERB
taxlaw-6680	715	19	business	business	NOUN
taxlaw-6680	715	20	arrangement	arrangement	NOUN
taxlaw-6680	715	21	,	,	PUNCT
taxlaw-6680	715	22	the	the	DET
taxlaw-6680	715	23	service	service	NOUN
taxlaw-6680	715	24	should	should	AUX
taxlaw-6680	715	25	first	first	ADV
taxlaw-6680	715	26	defer	defer	VERB
taxlaw-6680	715	27	to	to	ADP
taxlaw-6680	715	28	the	the	DET
taxlaw-6680	715	29	partners	partner	NOUN
taxlaw-6680	715	30	’	'	PUNCT
taxlaw-6680	715	31	articulated	articulated	ADJ
taxlaw-6680	715	32	expectations	expectation	NOUN
taxlaw-6680	715	33	on	on	ADP
taxlaw-6680	715	34	the	the	DET
taxlaw-6680	715	35	partnership	partnership	NOUN
taxlaw-6680	715	36	business	business	NOUN
taxlaw-6680	715	37	,	,	PUNCT
taxlaw-6680	715	38	unless	unless	SCONJ
taxlaw-6680	715	39	the	the	DET
taxlaw-6680	715	40	partners	partner	NOUN
taxlaw-6680	715	41	’	'	PUNCT
taxlaw-6680	715	42	position	position	NOUN
taxlaw-6680	715	43	is	be	AUX
taxlaw-6680	715	44	obviously	obviously	ADV
taxlaw-6680	715	45	unreasonable	unreasonable	ADJ
taxlaw-6680	715	46	.	.	PUNCT
taxlaw-6680	716	1	this	this	DET
taxlaw-6680	716	2	initial	initial	ADJ
taxlaw-6680	716	3	deference	deference	NOUN
taxlaw-6680	716	4	can	can	AUX
taxlaw-6680	716	5	help	help	VERB
taxlaw-6680	716	6	avoid	avoid	VERB
taxlaw-6680	716	7	disturbing	disturb	VERB
taxlaw-6680	716	8	an	an	DET
taxlaw-6680	716	9	otherwise	otherwise	ADV
taxlaw-6680	716	10	efficient	efficient	ADJ
taxlaw-6680	716	11	business	business	NOUN
taxlaw-6680	716	12	plan	plan	NOUN
taxlaw-6680	716	13	by	by	ADP
taxlaw-6680	716	14	the	the	DET
taxlaw-6680	716	15	service	service	NOUN
taxlaw-6680	716	16	’s	’s	PART
taxlaw-6680	716	17	own	own	ADJ
taxlaw-6680	716	18	judgment	judgment	NOUN
taxlaw-6680	716	19	,	,	PUNCT
taxlaw-6680	716	20	especially	especially	ADV
taxlaw-6680	716	21	when	when	SCONJ
taxlaw-6680	716	22	a	a	DET
taxlaw-6680	716	23	purported	purport	VERB
taxlaw-6680	716	24	allocation	allocation	NOUN
taxlaw-6680	716	25	is	be	AUX
taxlaw-6680	716	26	likely	likely	ADJ
taxlaw-6680	716	27	to	to	PART
taxlaw-6680	716	28	be	be	AUX
taxlaw-6680	716	29	unabusive	unabusive	ADJ
taxlaw-6680	716	30	.	.	PUNCT
taxlaw-6680	717	1	however	however	ADV
taxlaw-6680	717	2	,	,	PUNCT
taxlaw-6680	717	3	under	under	ADP
taxlaw-6680	717	4	a	a	DET
taxlaw-6680	717	5	“	"	PUNCT
taxlaw-6680	717	6	wait	wait	VERB
taxlaw-6680	717	7	-	-	PUNCT
taxlaw-6680	717	8	and	and	CCONJ
taxlaw-6680	717	9	-	-	PUNCT
taxlaw-6680	717	10	see	see	VERB
taxlaw-6680	717	11	”	"	PUNCT
taxlaw-6680	717	12	rule	rule	NOUN
taxlaw-6680	717	13	,	,	PUNCT
taxlaw-6680	717	14	if	if	SCONJ
taxlaw-6680	717	15	it	it	PRON
taxlaw-6680	717	16	is	be	AUX
taxlaw-6680	717	17	later	later	ADV
taxlaw-6680	717	18	determined	determined	ADJ
taxlaw-6680	717	19	that	that	SCONJ
taxlaw-6680	717	20	the	the	DET
taxlaw-6680	717	21	original	original	ADJ
taxlaw-6680	717	22	expectation	expectation	NOUN
taxlaw-6680	717	23	did	do	AUX
taxlaw-6680	717	24	not	not	PART
taxlaw-6680	717	25	materialize	materialize	VERB
taxlaw-6680	717	26	and	and	CCONJ
taxlaw-6680	717	27	the	the	DET
taxlaw-6680	717	28	this	this	PRON
taxlaw-6680	717	29	is	be	AUX
taxlaw-6680	717	30	reasonably	reasonably	ADV
taxlaw-6680	717	31	expected	expect	VERB
taxlaw-6680	717	32	to	to	PART
taxlaw-6680	717	33	continue	continue	VERB
taxlaw-6680	717	34	in	in	ADP
taxlaw-6680	717	35	the	the	DET
taxlaw-6680	717	36	future	future	NOUN
taxlaw-6680	717	37	,	,	PUNCT
taxlaw-6680	717	38	the	the	DET
taxlaw-6680	717	39	service	service	NOUN
taxlaw-6680	717	40	may	may	AUX
taxlaw-6680	717	41	determine	determine	VERB
taxlaw-6680	717	42	that	that	SCONJ
taxlaw-6680	717	43	the	the	DET
taxlaw-6680	717	44	original	original	ADJ
taxlaw-6680	717	45	expectation	expectation	NOUN
taxlaw-6680	717	46	becomes	become	VERB
taxlaw-6680	717	47	unreasonable	unreasonable	ADJ
taxlaw-6680	717	48	starting	start	VERB
taxlaw-6680	717	49	from	from	ADP
taxlaw-6680	717	50	the	the	DET
taxlaw-6680	717	51	time	time	NOUN
taxlaw-6680	717	52	of	of	ADP
taxlaw-6680	717	53	the	the	DET
taxlaw-6680	717	54	determination	determination	NOUN
taxlaw-6680	717	55	,	,	PUNCT
taxlaw-6680	717	56	until	until	SCONJ
taxlaw-6680	717	57	the	the	DET
taxlaw-6680	717	58	non	non	ADJ
taxlaw-6680	717	59	-	-	ADJ
taxlaw-6680	717	60	conformity	conformity	ADJ
taxlaw-6680	717	61	discontinues	discontinue	NOUN
taxlaw-6680	717	62	and	and	CCONJ
taxlaw-6680	717	63	future	future	ADJ
taxlaw-6680	717	64	conformity	conformity	NOUN
taxlaw-6680	717	65	is	be	AUX
taxlaw-6680	717	66	reasonably	reasonably	ADV
taxlaw-6680	717	67	expected	expect	VERB
taxlaw-6680	717	68	again.138	again.138	PROPN
taxlaw-6680	717	69	under	under	ADP
taxlaw-6680	717	70	a	a	DET
taxlaw-6680	717	71	“	"	PUNCT
taxlaw-6680	717	72	tit	tit	NOUN
taxlaw-6680	717	73	-	-	PUNCT
taxlaw-6680	717	74	for	for	ADP
taxlaw-6680	717	75	-	-	PUNCT
taxlaw-6680	717	76	tat	tat	ADJ
taxlaw-6680	717	77	”	"	PUNCT
taxlaw-6680	717	78	rule	rule	NOUN
taxlaw-6680	717	79	,	,	PUNCT
taxlaw-6680	717	80	the	the	DET
taxlaw-6680	717	81	service	service	NOUN
taxlaw-6680	717	82	may	may	AUX
taxlaw-6680	717	83	determine	determine	VERB
taxlaw-6680	717	84	that	that	SCONJ
taxlaw-6680	717	85	,	,	PUNCT
taxlaw-6680	717	86	in	in	ADP
taxlaw-6680	717	87	hindsight	hindsight	ADJ
taxlaw-6680	717	88	,	,	PUNCT
taxlaw-6680	717	89	the	the	DET
taxlaw-6680	717	90	original	original	ADJ
taxlaw-6680	717	91	expectation	expectation	NOUN
taxlaw-6680	717	92	is	be	AUX
taxlaw-6680	717	93	not	not	PART
taxlaw-6680	717	94	reasonable	reasonable	ADJ
taxlaw-6680	717	95	from	from	ADP
taxlaw-6680	717	96	the	the	DET
taxlaw-6680	717	97	beginning	beginning	NOUN
taxlaw-6680	717	98	,	,	PUNCT
taxlaw-6680	717	99	and	and	CCONJ
taxlaw-6680	717	100	may	may	AUX
taxlaw-6680	717	101	require	require	VERB
taxlaw-6680	717	102	a	a	DET
taxlaw-6680	717	103	recalculation	recalculation	NOUN
taxlaw-6680	717	104	of	of	ADP
taxlaw-6680	717	105	the	the	DET
taxlaw-6680	717	106	partners	partner	NOUN
taxlaw-6680	717	107	’	’	PART
taxlaw-6680	717	108	taxes	taxis	NOUN
taxlaw-6680	717	109	in	in	ADP
taxlaw-6680	717	110	all	all	DET
taxlaw-6680	717	111	prior	prior	ADJ
taxlaw-6680	717	112	years	year	NOUN
taxlaw-6680	717	113	to	to	PART
taxlaw-6680	717	114	which	which	PRON
taxlaw-6680	717	115	the	the	DET
taxlaw-6680	717	116	allocation	allocation	NOUN
taxlaw-6680	717	117	is	be	AUX
taxlaw-6680	717	118	relevant	relevant	ADJ
taxlaw-6680	717	119	.	.	PUNCT
taxlaw-6680	718	1	consider	consider	VERB
taxlaw-6680	718	2	the	the	DET
taxlaw-6680	718	3	following	follow	VERB
taxlaw-6680	718	4	example	example	NOUN
taxlaw-6680	718	5	.	.	PUNCT
taxlaw-6680	719	1	example	example	NOUN
taxlaw-6680	719	2	seven	seven	NUM
taxlaw-6680	719	3	a	a	PRON
taxlaw-6680	719	4	and	and	CCONJ
taxlaw-6680	719	5	b	b	NOUN
taxlaw-6680	719	6	each	each	PRON
taxlaw-6680	719	7	contributes	contribute	VERB
taxlaw-6680	719	8	$	$	SYM
taxlaw-6680	719	9	50x	50x	NUM
taxlaw-6680	719	10	to	to	PART
taxlaw-6680	719	11	form	form	VERB
taxlaw-6680	719	12	partnership	partnership	PROPN
taxlaw-6680	719	13	ab	ab	PROPN
taxlaw-6680	719	14	.	.	PUNCT
taxlaw-6680	720	1	the	the	DET
taxlaw-6680	720	2	partnership	partnership	NOUN
taxlaw-6680	720	3	borrows	borrow	VERB
taxlaw-6680	720	4	$	$	SYM
taxlaw-6680	720	5	900x	900x	NUM
taxlaw-6680	720	6	on	on	ADP
taxlaw-6680	720	7	a	a	DET
taxlaw-6680	720	8	recourse	recourse	NOUN
taxlaw-6680	720	9	basis	basis	NOUN
taxlaw-6680	720	10	to	to	PART
taxlaw-6680	720	11	buy	buy	VERB
taxlaw-6680	720	12	depreciable	depreciable	ADJ
taxlaw-6680	720	13	equipment	equipment	NOUN
taxlaw-6680	720	14	with	with	ADP
taxlaw-6680	720	15	a	a	DET
taxlaw-6680	720	16	20	20	NUM
taxlaw-6680	720	17	-	-	PUNCT
taxlaw-6680	720	18	year	year	NOUN
taxlaw-6680	720	19	useful	useful	ADJ
taxlaw-6680	720	20	life	life	NOUN
taxlaw-6680	720	21	for	for	ADP
taxlaw-6680	720	22	$	$	SYM
taxlaw-6680	720	23	1,000x	1,000x	NUM
taxlaw-6680	720	24	.	.	PUNCT
taxlaw-6680	721	1	the	the	DET
taxlaw-6680	721	2	partnership	partnership	NOUN
taxlaw-6680	721	3	agreement	agreement	NOUN
taxlaw-6680	721	4	provides	provide	VERB
taxlaw-6680	721	5	that	that	SCONJ
taxlaw-6680	721	6	all	all	DET
taxlaw-6680	721	7	partnership	partnership	NOUN
taxlaw-6680	721	8	items	item	NOUN
taxlaw-6680	721	9	will	will	AUX
taxlaw-6680	721	10	be	be	AUX
taxlaw-6680	721	11	allocated	allocate	VERB
taxlaw-6680	721	12	50/50	50/50	NUM
taxlaw-6680	721	13	except	except	SCONJ
taxlaw-6680	721	14	that	that	DET
taxlaw-6680	721	15	depreciation	depreciation	NOUN
taxlaw-6680	721	16	will	will	AUX
taxlaw-6680	721	17	be	be	AUX
taxlaw-6680	721	18	allocated	allocate	VERB
taxlaw-6680	721	19	70/30	70/30	NUM
taxlaw-6680	721	20	to	to	ADP
taxlaw-6680	721	21	a	a	PRON
taxlaw-6680	721	22	and	and	CCONJ
taxlaw-6680	721	23	b.	b.	PROPN
taxlaw-6680	722	1	in	in	ADP
taxlaw-6680	722	2	addition	addition	NOUN
taxlaw-6680	722	3	,	,	PUNCT
taxlaw-6680	722	4	capital	capital	NOUN
taxlaw-6680	722	5	accounts	account	NOUN
taxlaw-6680	722	6	will	will	AUX
taxlaw-6680	722	7	be	be	AUX
taxlaw-6680	722	8	maintained	maintain	VERB
taxlaw-6680	722	9	according	accord	VERB
taxlaw-6680	722	10	to	to	ADP
taxlaw-6680	722	11	the	the	DET
taxlaw-6680	722	12	relevant	relevant	ADJ
taxlaw-6680	722	13	regulations	regulation	NOUN
taxlaw-6680	722	14	and	and	CCONJ
taxlaw-6680	722	15	liquidating	liquidating	NOUN
taxlaw-6680	722	16	distributions	distribution	NOUN
taxlaw-6680	722	17	will	will	AUX
taxlaw-6680	722	18	be	be	AUX
taxlaw-6680	722	19	made	make	VERB
taxlaw-6680	722	20	according	accord	VERB
taxlaw-6680	722	21	to	to	ADP
taxlaw-6680	722	22	positive	positive	ADJ
taxlaw-6680	722	23	capital	capital	NOUN
taxlaw-6680	722	24	account	account	NOUN
taxlaw-6680	722	25	balances	balance	NOUN
taxlaw-6680	722	26	,	,	PUNCT
taxlaw-6680	722	27	but	but	CCONJ
taxlaw-6680	722	28	the	the	DET
taxlaw-6680	722	29	partners	partner	NOUN
taxlaw-6680	722	30	do	do	AUX
taxlaw-6680	722	31	not	not	PART
taxlaw-6680	722	32	have	have	VERB
taxlaw-6680	722	33	unlimited	unlimited	ADJ
taxlaw-6680	722	34	dros	dros	PROPN
taxlaw-6680	722	35	and	and	CCONJ
taxlaw-6680	722	36	the	the	DET
taxlaw-6680	722	37	partnership	partnership	NOUN
taxlaw-6680	722	38	agreement	agreement	NOUN
taxlaw-6680	722	39	does	do	AUX
taxlaw-6680	722	40	not	not	PART
taxlaw-6680	722	41	have	have	VERB
taxlaw-6680	722	42	a	a	DET
taxlaw-6680	722	43	qio	qio	NOUN
taxlaw-6680	722	44	provision	provision	NOUN
taxlaw-6680	722	45	.	.	PUNCT
taxlaw-6680	723	1	however	however	ADV
taxlaw-6680	723	2	,	,	PUNCT
taxlaw-6680	723	3	the	the	DET
taxlaw-6680	723	4	partnership	partnership	NOUN
taxlaw-6680	723	5	agreement	agreement	NOUN
taxlaw-6680	723	6	requires	require	VERB
taxlaw-6680	723	7	reallocation	reallocation	NOUN
taxlaw-6680	723	8	of	of	ADP
taxlaw-6680	723	9	partnership	partnership	NOUN
taxlaw-6680	723	10	items	item	NOUN
taxlaw-6680	723	11	whenever	whenever	SCONJ
taxlaw-6680	723	12	possible	possible	ADJ
taxlaw-6680	723	13	to	to	PART
taxlaw-6680	723	14	prevent	prevent	VERB
taxlaw-6680	723	15	aggregate	aggregate	ADJ
taxlaw-6680	723	16	negative	negative	ADJ
taxlaw-6680	723	17	adjustments	adjustment	NOUN
taxlaw-6680	723	18	to	to	ADP
taxlaw-6680	723	19	a	a	DET
taxlaw-6680	723	20	partner	partner	NOUN
taxlaw-6680	723	21	’s	’s	PART
taxlaw-6680	723	22	capital	capital	NOUN
taxlaw-6680	723	23	account	account	NOUN
taxlaw-6680	723	24	from	from	ADP
taxlaw-6680	723	25	exceeding	exceed	VERB
taxlaw-6680	723	26	aggregate	aggregate	ADJ
taxlaw-6680	723	27	positive	positive	ADJ
taxlaw-6680	723	28	adjustments	adjustment	NOUN
taxlaw-6680	723	29	.	.	PUNCT
taxlaw-6680	724	1	the	the	DET
taxlaw-6680	724	2	partnership	partnership	NOUN
taxlaw-6680	724	3	breaks	break	VERB
taxlaw-6680	724	4	even	even	ADV
taxlaw-6680	724	5	in	in	ADP
taxlaw-6680	724	6	the	the	DET
taxlaw-6680	724	7	first	first	ADJ
taxlaw-6680	724	8	three	three	NUM
taxlaw-6680	724	9	years	year	NOUN
taxlaw-6680	724	10	except	except	SCONJ
taxlaw-6680	724	11	for	for	ADP
taxlaw-6680	724	12	the	the	DET
taxlaw-6680	724	13	depreciation	depreciation	NOUN
taxlaw-6680	724	14	,	,	PUNCT
taxlaw-6680	724	15	and	and	CCONJ
taxlaw-6680	724	16	no	no	DET
taxlaw-6680	724	17	payment	payment	NOUN
taxlaw-6680	724	18	of	of	ADP
taxlaw-6680	724	19	principle	principle	NOUN
taxlaw-6680	724	20	is	be	AUX
taxlaw-6680	724	21	made	make	VERB
taxlaw-6680	724	22	.	.	PUNCT
taxlaw-6680	725	1	the	the	DET
taxlaw-6680	725	2	balance	balance	NOUN
taxlaw-6680	725	3	sheet	sheet	NOUN
taxlaw-6680	725	4	is	be	AUX
taxlaw-6680	725	5	as	as	SCONJ
taxlaw-6680	725	6	follows	follow	VERB
taxlaw-6680	725	7	.	.	PUNCT
taxlaw-6680	726	1	partnership	partnership	PROPN
taxlaw-6680	726	2	ab	ab	PROPN
taxlaw-6680	726	3	’s	’s	PART
taxlaw-6680	726	4	book	book	NOUN
taxlaw-6680	726	5	year	year	NOUN
taxlaw-6680	726	6	1	1	NUM
taxlaw-6680	726	7	year	year	NOUN
taxlaw-6680	726	8	2	2	NUM
taxlaw-6680	726	9	year	year	NOUN
taxlaw-6680	726	10	3	3	NUM
taxlaw-6680	726	11	asset	asset	NOUN
taxlaw-6680	726	12	asset	asset	NOUN
taxlaw-6680	726	13	asset	asset	NOUN
taxlaw-6680	726	14	equipment	equipment	NOUN
taxlaw-6680	726	15	$	$	SYM
taxlaw-6680	726	16	950x	950x	NUM
taxlaw-6680	726	17	equipment	equipment	VERB
taxlaw-6680	726	18	$	$	SYM
taxlaw-6680	726	19	900x	900x	NUM
taxlaw-6680	726	20	equipment	equipment	NOUN
taxlaw-6680	726	21	$	$	SYM
taxlaw-6680	726	22	850x	850x	NOUN
taxlaw-6680	726	23	liability	liability	NOUN
taxlaw-6680	726	24	liability	liability	NOUN
taxlaw-6680	726	25	liability	liability	NOUN
taxlaw-6680	726	26	recourse	recourse	NOUN
taxlaw-6680	726	27	debt	debt	NOUN
taxlaw-6680	726	28	900x	900x	ADJ
taxlaw-6680	726	29	recourse	recourse	NOUN
taxlaw-6680	726	30	debt	debt	NOUN
taxlaw-6680	726	31	900x	900x	ADJ
taxlaw-6680	726	32	recourse	recourse	NOUN
taxlaw-6680	726	33	debt	debt	NOUN
taxlaw-6680	726	34	$	$	SYM
taxlaw-6680	726	35	900x	900x	NUM
taxlaw-6680	726	36	capital	capital	NOUN
taxlaw-6680	726	37	capital	capital	NOUN
taxlaw-6680	726	38	capital	capital	NOUN
taxlaw-6680	726	39	a	a	DET
taxlaw-6680	726	40	’s	’s	ADJ
taxlaw-6680	726	41	capital	capital	NOUN
taxlaw-6680	726	42	15x	15x	NOUN
taxlaw-6680	726	43	a	a	DET
taxlaw-6680	726	44	’s	’s	ADJ
taxlaw-6680	726	45	capital	capital	NOUN
taxlaw-6680	726	46	0	0	PUNCT
taxlaw-6680	727	1	a	a	DET
taxlaw-6680	727	2	’s	’s	ADJ
taxlaw-6680	727	3	capital	capital	NOUN
taxlaw-6680	727	4	(	(	PUNCT
taxlaw-6680	727	5	35x	35x	NOUN
taxlaw-6680	727	6	)	)	PUNCT
taxlaw-6680	727	7	b	b	NOUN
taxlaw-6680	727	8	’s	’s	PART
taxlaw-6680	727	9	capital	capital	NOUN
taxlaw-6680	727	10	35x	35x	NOUN
taxlaw-6680	727	11	b	b	PROPN
taxlaw-6680	727	12	’s	’s	PART
taxlaw-6680	727	13	capital	capital	NOUN
taxlaw-6680	727	14	0	0	NUM
taxlaw-6680	727	15	b	b	NOUN
taxlaw-6680	727	16	’s	’s	PART
taxlaw-6680	727	17	capital	capital	NOUN
taxlaw-6680	727	18	(	(	PUNCT
taxlaw-6680	727	19	15x	15x	NUM
taxlaw-6680	727	20	)	)	PUNCT
taxlaw-6680	727	21	in	in	ADP
taxlaw-6680	727	22	this	this	DET
taxlaw-6680	727	23	case	case	NOUN
taxlaw-6680	727	24	,	,	PUNCT
taxlaw-6680	727	25	the	the	DET
taxlaw-6680	727	26	service	service	NOUN
taxlaw-6680	727	27	should	should	AUX
taxlaw-6680	727	28	initially	initially	ADV
taxlaw-6680	727	29	assume	assume	VERB
taxlaw-6680	727	30	that	that	SCONJ
taxlaw-6680	727	31	the	the	DET
taxlaw-6680	727	32	partners	partner	NOUN
taxlaw-6680	727	33	’	'	PUNCT
taxlaw-6680	727	34	arrangement	arrangement	NOUN
taxlaw-6680	727	35	will	will	AUX
taxlaw-6680	727	36	be	be	AUX
taxlaw-6680	727	37	given	give	VERB
taxlaw-6680	727	38	effect	effect	NOUN
taxlaw-6680	727	39	throughout	throughout	ADP
taxlaw-6680	727	40	the	the	DET
taxlaw-6680	727	41	term	term	NOUN
taxlaw-6680	727	42	of	of	ADP
taxlaw-6680	727	43	the	the	DET
taxlaw-6680	727	44	partnership	partnership	NOUN
taxlaw-6680	727	45	and	and	CCONJ
taxlaw-6680	727	46	that	that	SCONJ
taxlaw-6680	727	47	the	the	DET
taxlaw-6680	727	48	partnership	partnership	NOUN
taxlaw-6680	727	49	business	business	NOUN
taxlaw-6680	727	50	is	be	AUX
taxlaw-6680	727	51	reasonably	reasonably	ADV
taxlaw-6680	727	52	expected	expect	VERB
taxlaw-6680	727	53	to	to	PART
taxlaw-6680	727	54	be	be	AUX
taxlaw-6680	727	55	profitable	profitable	ADJ
taxlaw-6680	727	56	eventually	eventually	ADV
taxlaw-6680	727	57	.	.	PUNCT
taxlaw-6680	728	1	based	base	VERB
taxlaw-6680	728	2	on	on	ADP
taxlaw-6680	728	3	these	these	DET
taxlaw-6680	728	4	assumptions	assumption	NOUN
taxlaw-6680	728	5	,	,	PUNCT
taxlaw-6680	728	6	it	it	PRON
taxlaw-6680	728	7	may	may	AUX
taxlaw-6680	728	8	conclude	conclude	VERB
taxlaw-6680	728	9	that	that	SCONJ
taxlaw-6680	728	10	a	a	DET
taxlaw-6680	728	11	capital	capital	NOUN
taxlaw-6680	728	12	account	account	NOUN
taxlaw-6680	728	13	deficit	deficit	NOUN
taxlaw-6680	728	14	is	be	AUX
taxlaw-6680	728	15	a	a	DET
taxlaw-6680	728	16	remote	remote	ADJ
taxlaw-6680	728	17	possibility	possibility	NOUN
taxlaw-6680	728	18	.	.	PUNCT
taxlaw-6680	729	1	thus	thus	ADV
taxlaw-6680	729	2	,	,	PUNCT
taxlaw-6680	729	3	the	the	DET
taxlaw-6680	729	4	allocation	allocation	NOUN
taxlaw-6680	729	5	of	of	ADP
taxlaw-6680	729	6	depreciation	depreciation	NOUN
taxlaw-6680	729	7	138	138	NUM
taxlaw-6680	729	8	see	see	NOUN
taxlaw-6680	729	9	nysba	nysba	NOUN
taxlaw-6680	729	10	tax	tax	NOUN
taxlaw-6680	729	11	section	section	NOUN
taxlaw-6680	729	12	,	,	PUNCT
taxlaw-6680	729	13	supra	supra	PROPN
taxlaw-6680	729	14	note102	note102	PROPN
taxlaw-6680	729	15	,	,	PUNCT
taxlaw-6680	729	16	at	at	ADP
taxlaw-6680	729	17	28	28	NUM
taxlaw-6680	729	18	.	.	PUNCT
taxlaw-6680	730	1	[	[	X
taxlaw-6680	730	2	vol	vol	NOUN
taxlaw-6680	730	3	.	.	PUNCT
taxlaw-6680	730	4	11:1	11:1	NUM
taxlaw-6680	730	5	columbia	columbia	PROPN
taxlaw-6680	730	6	journal	journal	PROPN
taxlaw-6680	730	7	of	of	ADP
taxlaw-6680	730	8	tax	tax	NOUN
taxlaw-6680	730	9	law	law	NOUN
taxlaw-6680	730	10	132	132	NUM
taxlaw-6680	730	11	between	between	ADP
taxlaw-6680	730	12	a	a	PRON
taxlaw-6680	730	13	and	and	CCONJ
taxlaw-6680	730	14	b	b	NOUN
taxlaw-6680	730	15	should	should	AUX
taxlaw-6680	730	16	be	be	AUX
taxlaw-6680	730	17	respected	respect	VERB
taxlaw-6680	730	18	at	at	ADP
taxlaw-6680	730	19	least	least	ADJ
taxlaw-6680	730	20	for	for	ADP
taxlaw-6680	730	21	the	the	DET
taxlaw-6680	730	22	first	first	ADJ
taxlaw-6680	730	23	year	year	NOUN
taxlaw-6680	730	24	and	and	CCONJ
taxlaw-6680	730	25	the	the	DET
taxlaw-6680	730	26	second	second	ADJ
taxlaw-6680	730	27	year	year	NOUN
taxlaw-6680	730	28	under	under	ADP
taxlaw-6680	730	29	the	the	DET
taxlaw-6680	730	30	eee	eee	NOUN
taxlaw-6680	730	31	test	test	NOUN
taxlaw-6680	730	32	.	.	PUNCT
taxlaw-6680	731	1	indeed	indeed	ADV
taxlaw-6680	731	2	,	,	PUNCT
taxlaw-6680	731	3	a	a	DET
taxlaw-6680	731	4	reallocation	reallocation	NOUN
taxlaw-6680	731	5	of	of	ADP
taxlaw-6680	731	6	the	the	DET
taxlaw-6680	731	7	$	$	SYM
taxlaw-6680	731	8	50x	50x	NUM
taxlaw-6680	731	9	depreciation	depreciation	NOUN
taxlaw-6680	731	10	50/50	50/50	NUM
taxlaw-6680	731	11	between	between	ADP
taxlaw-6680	731	12	a	a	PRON
taxlaw-6680	731	13	and	and	CCONJ
taxlaw-6680	731	14	b	b	NOUN
taxlaw-6680	731	15	for	for	ADP
taxlaw-6680	731	16	the	the	DET
taxlaw-6680	731	17	first	first	ADJ
taxlaw-6680	731	18	year	year	NOUN
taxlaw-6680	731	19	is	be	AUX
taxlaw-6680	731	20	meaningless	meaningless	ADJ
taxlaw-6680	731	21	because	because	SCONJ
taxlaw-6680	731	22	the	the	DET
taxlaw-6680	731	23	70/30	70/30	NUM
taxlaw-6680	731	24	allocation	allocation	NOUN
taxlaw-6680	731	25	is	be	AUX
taxlaw-6680	731	26	unabusive	unabusive	ADJ
taxlaw-6680	731	27	:	:	PUNCT
taxlaw-6680	731	28	a	a	DET
taxlaw-6680	731	29	liquidation	liquidation	NOUN
taxlaw-6680	731	30	at	at	ADP
taxlaw-6680	731	31	book	book	NOUN
taxlaw-6680	731	32	value	value	NOUN
taxlaw-6680	731	33	at	at	ADP
taxlaw-6680	731	34	the	the	DET
taxlaw-6680	731	35	end	end	NOUN
taxlaw-6680	731	36	of	of	ADP
taxlaw-6680	731	37	year	year	NOUN
taxlaw-6680	731	38	1	1	NUM
taxlaw-6680	731	39	under	under	ADP
taxlaw-6680	731	40	the	the	DET
taxlaw-6680	731	41	partnership	partnership	NOUN
taxlaw-6680	731	42	agreement	agreement	NOUN
taxlaw-6680	731	43	will	will	AUX
taxlaw-6680	731	44	cause	cause	VERB
taxlaw-6680	731	45	a	a	PRON
taxlaw-6680	731	46	and	and	CCONJ
taxlaw-6680	731	47	b	b	NOUN
taxlaw-6680	731	48	to	to	PART
taxlaw-6680	731	49	assume	assume	VERB
taxlaw-6680	731	50	the	the	DET
taxlaw-6680	731	51	total	total	ADJ
taxlaw-6680	731	52	economic	economic	ADJ
taxlaw-6680	731	53	burden	burden	NOUN
taxlaw-6680	731	54	of	of	ADP
taxlaw-6680	731	55	depreciation	depreciation	NOUN
taxlaw-6680	731	56	70/30	70/30	NUM
taxlaw-6680	731	57	.	.	PUNCT
taxlaw-6680	732	1	similarly	similarly	ADV
taxlaw-6680	732	2	,	,	PUNCT
taxlaw-6680	732	3	the	the	DET
taxlaw-6680	732	4	allocation	allocation	NOUN
taxlaw-6680	732	5	of	of	ADP
taxlaw-6680	732	6	depreciation	depreciation	NOUN
taxlaw-6680	732	7	in	in	ADP
taxlaw-6680	732	8	year	year	NOUN
taxlaw-6680	732	9	2	2	NUM
taxlaw-6680	732	10	is	be	AUX
taxlaw-6680	732	11	unabusive	unabusive	ADJ
taxlaw-6680	732	12	because	because	SCONJ
taxlaw-6680	732	13	liquidating	liquidating	NOUN
taxlaw-6680	732	14	distributions	distribution	NOUN
taxlaw-6680	732	15	at	at	ADP
taxlaw-6680	732	16	the	the	DET
taxlaw-6680	732	17	end	end	NOUN
taxlaw-6680	732	18	of	of	ADP
taxlaw-6680	732	19	year	year	NOUN
taxlaw-6680	732	20	2	2	NUM
taxlaw-6680	732	21	will	will	AUX
taxlaw-6680	732	22	match	match	VERB
taxlaw-6680	732	23	each	each	DET
taxlaw-6680	732	24	partner	partner	NOUN
taxlaw-6680	732	25	’s	’s	PART
taxlaw-6680	732	26	economic	economic	ADJ
taxlaw-6680	732	27	entitlement	entitlement	NOUN
taxlaw-6680	732	28	.	.	PUNCT
taxlaw-6680	733	1	however	however	ADV
taxlaw-6680	733	2	,	,	PUNCT
taxlaw-6680	733	3	in	in	ADP
taxlaw-6680	733	4	year	year	NOUN
taxlaw-6680	733	5	3	3	NUM
taxlaw-6680	733	6	,	,	PUNCT
taxlaw-6680	733	7	the	the	DET
taxlaw-6680	733	8	original	original	ADJ
taxlaw-6680	733	9	expectation	expectation	NOUN
taxlaw-6680	733	10	that	that	PRON
taxlaw-6680	733	11	a	a	DET
taxlaw-6680	733	12	capital	capital	NOUN
taxlaw-6680	733	13	account	account	NOUN
taxlaw-6680	733	14	deficit	deficit	NOUN
taxlaw-6680	733	15	is	be	AUX
taxlaw-6680	733	16	a	a	DET
taxlaw-6680	733	17	“	"	PUNCT
taxlaw-6680	733	18	remote	remote	ADJ
taxlaw-6680	733	19	possibility	possibility	NOUN
taxlaw-6680	733	20	”	"	PUNCT
taxlaw-6680	733	21	no	no	ADV
taxlaw-6680	733	22	longer	long	ADV
taxlaw-6680	733	23	seems	seem	VERB
taxlaw-6680	733	24	to	to	PART
taxlaw-6680	733	25	comply	comply	VERB
taxlaw-6680	733	26	with	with	ADP
taxlaw-6680	733	27	what	what	PRON
taxlaw-6680	733	28	actually	actually	ADV
taxlaw-6680	733	29	happens	happen	VERB
taxlaw-6680	733	30	,	,	PUNCT
taxlaw-6680	733	31	because	because	SCONJ
taxlaw-6680	733	32	all	all	DET
taxlaw-6680	733	33	partners	partner	NOUN
taxlaw-6680	733	34	will	will	AUX
taxlaw-6680	733	35	have	have	VERB
taxlaw-6680	733	36	capital	capital	NOUN
taxlaw-6680	733	37	account	account	NOUN
taxlaw-6680	733	38	deficits	deficit	NOUN
taxlaw-6680	733	39	,	,	PUNCT
taxlaw-6680	733	40	and	and	CCONJ
taxlaw-6680	733	41	the	the	DET
taxlaw-6680	733	42	deficit	deficit	NOUN
taxlaw-6680	733	43	-	-	PUNCT
taxlaw-6680	733	44	prevention	prevention	NOUN
taxlaw-6680	733	45	rule	rule	NOUN
taxlaw-6680	733	46	in	in	ADP
taxlaw-6680	733	47	the	the	DET
taxlaw-6680	733	48	partnership	partnership	NOUN
taxlaw-6680	733	49	agreement	agreement	NOUN
taxlaw-6680	733	50	can	can	AUX
taxlaw-6680	733	51	no	no	ADV
taxlaw-6680	733	52	longer	long	ADV
taxlaw-6680	733	53	prevent	prevent	VERB
taxlaw-6680	733	54	capital	capital	NOUN
taxlaw-6680	733	55	account	account	NOUN
taxlaw-6680	733	56	deficits	deficit	NOUN
taxlaw-6680	733	57	in	in	ADP
taxlaw-6680	733	58	year	year	NOUN
taxlaw-6680	733	59	3	3	NUM
taxlaw-6680	733	60	as	as	SCONJ
taxlaw-6680	733	61	it	it	PRON
taxlaw-6680	733	62	does	do	AUX
taxlaw-6680	733	63	in	in	ADP
taxlaw-6680	733	64	year	year	NOUN
taxlaw-6680	733	65	2	2	NUM
taxlaw-6680	733	66	.	.	PUNCT
taxlaw-6680	734	1	thus	thus	ADV
taxlaw-6680	734	2	,	,	PUNCT
taxlaw-6680	734	3	the	the	DET
taxlaw-6680	734	4	70/30	70/30	NUM
taxlaw-6680	734	5	allocation	allocation	NOUN
taxlaw-6680	734	6	of	of	ADP
taxlaw-6680	734	7	depreciation	depreciation	NOUN
taxlaw-6680	734	8	in	in	ADP
taxlaw-6680	734	9	year	year	NOUN
taxlaw-6680	734	10	3	3	NUM
taxlaw-6680	734	11	can	can	AUX
taxlaw-6680	734	12	be	be	AUX
taxlaw-6680	734	13	abusive	abusive	ADJ
taxlaw-6680	734	14	:	:	PUNCT
taxlaw-6680	734	15	in	in	ADP
taxlaw-6680	734	16	a	a	DET
taxlaw-6680	734	17	liquidation	liquidation	NOUN
taxlaw-6680	734	18	at	at	ADP
taxlaw-6680	734	19	book	book	NOUN
taxlaw-6680	734	20	value	value	NOUN
taxlaw-6680	734	21	,	,	PUNCT
taxlaw-6680	734	22	suppose	suppose	VERB
taxlaw-6680	734	23	partnership	partnership	PROPN
taxlaw-6680	734	24	ab	ab	PROPN
taxlaw-6680	734	25	’s	’s	PART
taxlaw-6680	734	26	creditors	creditor	NOUN
taxlaw-6680	734	27	seek	seek	VERB
taxlaw-6680	734	28	satisfaction	satisfaction	NOUN
taxlaw-6680	734	29	of	of	ADP
taxlaw-6680	734	30	the	the	DET
taxlaw-6680	734	31	remaining	remain	VERB
taxlaw-6680	734	32	debt	debt	NOUN
taxlaw-6680	734	33	(	(	PUNCT
taxlaw-6680	734	34	$	$	SYM
taxlaw-6680	734	35	50x	50x	NUM
taxlaw-6680	734	36	)	)	PUNCT
taxlaw-6680	734	37	entirely	entirely	ADV
taxlaw-6680	734	38	from	from	ADP
taxlaw-6680	734	39	b	b	PROPN
taxlaw-6680	734	40	,	,	PUNCT
taxlaw-6680	734	41	and	and	CCONJ
taxlaw-6680	734	42	a	a	PRON
taxlaw-6680	734	43	,	,	PUNCT
taxlaw-6680	734	44	having	have	VERB
taxlaw-6680	734	45	no	no	DET
taxlaw-6680	734	46	dro	dro	NOUN
taxlaw-6680	734	47	under	under	ADP
taxlaw-6680	734	48	the	the	DET
taxlaw-6680	734	49	partnership	partnership	NOUN
taxlaw-6680	734	50	agreement	agreement	NOUN
taxlaw-6680	734	51	,	,	PUNCT
taxlaw-6680	734	52	is	be	AUX
taxlaw-6680	734	53	not	not	PART
taxlaw-6680	734	54	obligated	obligate	VERB
taxlaw-6680	734	55	to	to	PART
taxlaw-6680	734	56	compensate	compensate	VERB
taxlaw-6680	734	57	b	b	NOUN
taxlaw-6680	734	58	for	for	ADP
taxlaw-6680	734	59	personally	personally	ADV
taxlaw-6680	734	60	assuming	assume	VERB
taxlaw-6680	734	61	the	the	DET
taxlaw-6680	734	62	partnership	partnership	NOUN
taxlaw-6680	734	63	debt	debt	NOUN
taxlaw-6680	734	64	.	.	PUNCT
taxlaw-6680	735	1	consequently	consequently	ADV
taxlaw-6680	735	2	,	,	PUNCT
taxlaw-6680	735	3	a	a	PRON
taxlaw-6680	735	4	is	be	AUX
taxlaw-6680	735	5	allocated	allocate	VERB
taxlaw-6680	735	6	$	$	SYM
taxlaw-6680	735	7	35x	35x	NOUN
taxlaw-6680	735	8	depreciation	depreciation	NOUN
taxlaw-6680	735	9	for	for	ADP
taxlaw-6680	735	10	tax	tax	NOUN
taxlaw-6680	735	11	purposes	purpose	NOUN
taxlaw-6680	735	12	but	but	CCONJ
taxlaw-6680	735	13	does	do	AUX
taxlaw-6680	735	14	not	not	PART
taxlaw-6680	735	15	assume	assume	VERB
taxlaw-6680	735	16	an	an	DET
taxlaw-6680	735	17	economic	economic	ADJ
taxlaw-6680	735	18	burden	burden	NOUN
taxlaw-6680	735	19	.	.	PUNCT
taxlaw-6680	736	1	however	however	ADV
taxlaw-6680	736	2	,	,	PUNCT
taxlaw-6680	736	3	under	under	ADP
taxlaw-6680	736	4	a	a	DET
taxlaw-6680	736	5	“	"	PUNCT
taxlaw-6680	736	6	wait	wait	VERB
taxlaw-6680	736	7	-	-	PUNCT
taxlaw-6680	736	8	and	and	CCONJ
taxlaw-6680	736	9	-	-	PUNCT
taxlaw-6680	736	10	see	see	VERB
taxlaw-6680	736	11	”	"	PUNCT
taxlaw-6680	736	12	rule	rule	NOUN
taxlaw-6680	736	13	,	,	PUNCT
taxlaw-6680	736	14	the	the	DET
taxlaw-6680	736	15	service	service	NOUN
taxlaw-6680	736	16	may	may	AUX
taxlaw-6680	736	17	impose	impose	VERB
taxlaw-6680	736	18	an	an	DET
taxlaw-6680	736	19	additional	additional	ADJ
taxlaw-6680	736	20	burden	burden	NOUN
taxlaw-6680	736	21	on	on	ADP
taxlaw-6680	736	22	the	the	DET
taxlaw-6680	736	23	partners	partner	NOUN
taxlaw-6680	736	24	to	to	PART
taxlaw-6680	736	25	show	show	VERB
taxlaw-6680	736	26	that	that	SCONJ
taxlaw-6680	736	27	the	the	DET
taxlaw-6680	736	28	business	business	NOUN
taxlaw-6680	736	29	will	will	AUX
taxlaw-6680	736	30	eventually	eventually	ADV
taxlaw-6680	736	31	become	become	VERB
taxlaw-6680	736	32	profitable	profitable	ADJ
taxlaw-6680	736	33	and	and	CCONJ
taxlaw-6680	736	34	may	may	AUX
taxlaw-6680	736	35	re	re	VERB
taxlaw-6680	736	36	-	-	VERB
taxlaw-6680	736	37	allocate	allocate	VERB
taxlaw-6680	736	38	the	the	DET
taxlaw-6680	736	39	year	year	NOUN
taxlaw-6680	736	40	3	3	NUM
taxlaw-6680	736	41	depreciation	depreciation	NOUN
taxlaw-6680	736	42	under	under	ADP
taxlaw-6680	736	43	the	the	DET
taxlaw-6680	736	44	pip	pip	PROPN
taxlaw-6680	736	45	test	test	NOUN
taxlaw-6680	736	46	.	.	PUNCT
taxlaw-6680	737	1	in	in	ADP
taxlaw-6680	737	2	addition	addition	NOUN
taxlaw-6680	737	3	,	,	PUNCT
taxlaw-6680	737	4	under	under	ADP
taxlaw-6680	737	5	a	a	DET
taxlaw-6680	737	6	“	"	PUNCT
taxlaw-6680	737	7	tit	tit	NOUN
taxlaw-6680	737	8	-	-	PUNCT
taxlaw-6680	737	9	for	for	ADP
taxlaw-6680	737	10	-	-	PUNCT
taxlaw-6680	737	11	tat	tat	ADJ
taxlaw-6680	737	12	”	"	PUNCT
taxlaw-6680	737	13	rule	rule	NOUN
taxlaw-6680	737	14	,	,	PUNCT
taxlaw-6680	737	15	if	if	SCONJ
taxlaw-6680	737	16	the	the	DET
taxlaw-6680	737	17	service	service	NOUN
taxlaw-6680	737	18	determines	determine	VERB
taxlaw-6680	737	19	that	that	SCONJ
taxlaw-6680	737	20	the	the	DET
taxlaw-6680	737	21	partners	partner	NOUN
taxlaw-6680	737	22	never	never	ADV
taxlaw-6680	737	23	reasonably	reasonably	ADV
taxlaw-6680	737	24	expected	expect	VERB
taxlaw-6680	737	25	to	to	PART
taxlaw-6680	737	26	operate	operate	VERB
taxlaw-6680	737	27	a	a	DET
taxlaw-6680	737	28	profitable	profitable	ADJ
taxlaw-6680	737	29	business	business	NOUN
taxlaw-6680	737	30	through	through	ADP
taxlaw-6680	737	31	partnership	partnership	PROPN
taxlaw-6680	737	32	ab	ab	PROPN
taxlaw-6680	737	33	,	,	PUNCT
taxlaw-6680	737	34	it	it	PRON
taxlaw-6680	737	35	can	can	AUX
taxlaw-6680	737	36	determine	determine	VERB
taxlaw-6680	737	37	in	in	ADP
taxlaw-6680	737	38	year	year	NOUN
taxlaw-6680	737	39	3	3	NUM
taxlaw-6680	737	40	that	that	PRON
taxlaw-6680	737	41	the	the	DET
taxlaw-6680	737	42	original	original	ADJ
taxlaw-6680	737	43	expectation	expectation	NOUN
taxlaw-6680	737	44	that	that	PRON
taxlaw-6680	737	45	a	a	DET
taxlaw-6680	737	46	capital	capital	NOUN
taxlaw-6680	737	47	account	account	NOUN
taxlaw-6680	737	48	deficit	deficit	NOUN
taxlaw-6680	737	49	is	be	AUX
taxlaw-6680	737	50	a	a	DET
taxlaw-6680	737	51	remote	remote	ADJ
taxlaw-6680	737	52	possibility	possibility	NOUN
taxlaw-6680	737	53	and	and	CCONJ
taxlaw-6680	737	54	was	be	AUX
taxlaw-6680	737	55	unreasonable	unreasonable	ADJ
taxlaw-6680	737	56	from	from	ADP
taxlaw-6680	737	57	the	the	DET
taxlaw-6680	737	58	beginning	beginning	NOUN
taxlaw-6680	737	59	of	of	ADP
taxlaw-6680	737	60	year	year	NOUN
taxlaw-6680	737	61	1	1	NUM
taxlaw-6680	737	62	and	and	CCONJ
taxlaw-6680	737	63	make	make	VERB
taxlaw-6680	737	64	retroactive	retroactive	ADJ
taxlaw-6680	737	65	adjustments	adjustment	NOUN
taxlaw-6680	737	66	on	on	ADP
taxlaw-6680	737	67	the	the	DET
taxlaw-6680	737	68	partners	partner	NOUN
taxlaw-6680	737	69	’	’	PART
taxlaw-6680	737	70	tax	tax	NOUN
taxlaw-6680	737	71	liabilities	liability	NOUN
taxlaw-6680	737	72	in	in	ADP
taxlaw-6680	737	73	year	year	NOUN
taxlaw-6680	737	74	1	1	NUM
taxlaw-6680	737	75	and	and	CCONJ
taxlaw-6680	738	1	2	2	NUM
taxlaw-6680	738	2	.	.	NUM
taxlaw-6680	738	3	iv	iv	PROPN
taxlaw-6680	738	4	.	.	PUNCT
taxlaw-6680	739	1	target	target	NOUN
taxlaw-6680	739	2	allocation	allocation	NOUN
taxlaw-6680	739	3	:	:	PUNCT
taxlaw-6680	739	4	a	a	DET
taxlaw-6680	739	5	better	well	ADJ
taxlaw-6680	739	6	alternative	alternative	NOUN
taxlaw-6680	739	7	?	?	PUNCT
taxlaw-6680	740	1	there	there	PRON
taxlaw-6680	740	2	has	have	AUX
taxlaw-6680	740	3	been	be	AUX
taxlaw-6680	740	4	considerable	considerable	ADJ
taxlaw-6680	740	5	discussion	discussion	NOUN
taxlaw-6680	740	6	on	on	ADP
taxlaw-6680	740	7	whether	whether	SCONJ
taxlaw-6680	740	8	the	the	DET
taxlaw-6680	740	9	target	target	NOUN
taxlaw-6680	740	10	method	method	NOUN
taxlaw-6680	740	11	of	of	ADP
taxlaw-6680	740	12	allocation	allocation	NOUN
taxlaw-6680	740	13	,	,	PUNCT
taxlaw-6680	740	14	where	where	SCONJ
taxlaw-6680	740	15	only	only	ADV
taxlaw-6680	740	16	the	the	DET
taxlaw-6680	740	17	economic	economic	ADJ
taxlaw-6680	740	18	target	target	NOUN
taxlaw-6680	740	19	at	at	ADP
taxlaw-6680	740	20	liquidation	liquidation	NOUN
taxlaw-6680	740	21	is	be	AUX
taxlaw-6680	740	22	specified	specify	VERB
taxlaw-6680	740	23	and	and	CCONJ
taxlaw-6680	740	24	allocations	allocation	NOUN
taxlaw-6680	740	25	of	of	ADP
taxlaw-6680	740	26	partnership	partnership	NOUN
taxlaw-6680	740	27	items	item	NOUN
taxlaw-6680	740	28	for	for	ADP
taxlaw-6680	740	29	tax	tax	NOUN
taxlaw-6680	740	30	purposes	purpose	NOUN
taxlaw-6680	740	31	simply	simply	ADV
taxlaw-6680	740	32	follow	follow	VERB
taxlaw-6680	740	33	the	the	DET
taxlaw-6680	740	34	economic	economic	ADJ
taxlaw-6680	740	35	target,139	target,139	PROPN
taxlaw-6680	740	36	is	be	AUX
taxlaw-6680	740	37	superior	superior	ADJ
taxlaw-6680	740	38	to	to	ADP
taxlaw-6680	740	39	the	the	DET
taxlaw-6680	740	40	treasury	treasury	NOUN
taxlaw-6680	740	41	’s	’s	PART
taxlaw-6680	740	42	capital	capital	NOUN
taxlaw-6680	740	43	account	account	NOUN
taxlaw-6680	740	44	method	method	NOUN
taxlaw-6680	740	45	and	and	CCONJ
taxlaw-6680	740	46	thus	thus	ADV
taxlaw-6680	740	47	should	should	AUX
taxlaw-6680	740	48	be	be	AUX
taxlaw-6680	740	49	adopted.140	adopted.140	PROPN
taxlaw-6680	740	50	this	this	DET
taxlaw-6680	740	51	note	note	NOUN
taxlaw-6680	740	52	argues	argue	VERB
taxlaw-6680	740	53	that	that	SCONJ
taxlaw-6680	740	54	on	on	ADP
taxlaw-6680	740	55	one	one	NUM
taxlaw-6680	740	56	hand	hand	NOUN
taxlaw-6680	740	57	,	,	PUNCT
taxlaw-6680	740	58	the	the	DET
taxlaw-6680	740	59	target	target	NOUN
taxlaw-6680	740	60	allocation	allocation	NOUN
taxlaw-6680	740	61	method	method	NOUN
taxlaw-6680	740	62	can	can	AUX
taxlaw-6680	740	63	solve	solve	VERB
taxlaw-6680	740	64	some	some	PRON
taxlaw-6680	740	65	of	of	ADP
taxlaw-6680	740	66	the	the	DET
taxlaw-6680	740	67	mismatches	mismatch	NOUN
taxlaw-6680	740	68	between	between	ADP
taxlaw-6680	740	69	tax	tax	NOUN
taxlaw-6680	740	70	and	and	CCONJ
taxlaw-6680	740	71	economics	economic	NOUN
taxlaw-6680	740	72	as	as	SCONJ
taxlaw-6680	740	73	mentioned	mention	VERB
taxlaw-6680	740	74	in	in	ADP
taxlaw-6680	740	75	part	part	NOUN
taxlaw-6680	740	76	iii.b	iii.b	X
taxlaw-6680	740	77	;	;	PUNCT
taxlaw-6680	740	78	but	but	CCONJ
taxlaw-6680	740	79	on	on	ADP
taxlaw-6680	740	80	the	the	DET
taxlaw-6680	740	81	other	other	ADJ
taxlaw-6680	740	82	hand	hand	NOUN
taxlaw-6680	740	83	,	,	PUNCT
taxlaw-6680	740	84	target	target	NOUN
taxlaw-6680	740	85	allocation	allocation	NOUN
taxlaw-6680	740	86	is	be	AUX
taxlaw-6680	740	87	in	in	ADP
taxlaw-6680	740	88	tension	tension	NOUN
taxlaw-6680	740	89	with	with	ADP
taxlaw-6680	740	90	the	the	DET
taxlaw-6680	740	91	implied	imply	VERB
taxlaw-6680	740	92	“	"	PUNCT
taxlaw-6680	740	93	ceiling	ceiling	NOUN
taxlaw-6680	740	94	rule	rule	NOUN
taxlaw-6680	740	95	”	"	PUNCT
taxlaw-6680	740	96	under	under	ADP
taxlaw-6680	740	97	section	section	NOUN
taxlaw-6680	740	98	704	704	NUM
taxlaw-6680	740	99	regulations	regulation	NOUN
taxlaw-6680	740	100	and	and	CCONJ
taxlaw-6680	740	101	can	can	AUX
taxlaw-6680	740	102	be	be	AUX
taxlaw-6680	740	103	used	use	VERB
taxlaw-6680	740	104	abusively	abusively	ADV
taxlaw-6680	740	105	.	.	PUNCT
taxlaw-6680	741	1	consider	consider	VERB
taxlaw-6680	741	2	the	the	DET
taxlaw-6680	741	3	following	follow	VERB
taxlaw-6680	741	4	example	example	NOUN
taxlaw-6680	741	5	.	.	PUNCT
taxlaw-6680	742	1	example	example	NOUN
taxlaw-6680	742	2	eight	eight	NUM
taxlaw-6680	742	3	assuming	assume	VERB
taxlaw-6680	742	4	the	the	DET
taxlaw-6680	742	5	same	same	ADJ
taxlaw-6680	742	6	facts	fact	NOUN
taxlaw-6680	742	7	in	in	ADP
taxlaw-6680	742	8	example	example	NOUN
taxlaw-6680	742	9	one	one	NUM
taxlaw-6680	742	10	,	,	PUNCT
taxlaw-6680	742	11	except	except	SCONJ
taxlaw-6680	742	12	that	that	PRON
taxlaw-6680	742	13	,	,	PUNCT
taxlaw-6680	742	14	instead	instead	ADV
taxlaw-6680	742	15	of	of	ADP
taxlaw-6680	742	16	complying	comply	VERB
taxlaw-6680	742	17	with	with	ADP
taxlaw-6680	742	18	the	the	DET
taxlaw-6680	742	19	treasury	treasury	NOUN
taxlaw-6680	742	20	’s	’s	PART
taxlaw-6680	742	21	capital	capital	NOUN
taxlaw-6680	742	22	account	account	NOUN
taxlaw-6680	742	23	method	method	NOUN
taxlaw-6680	742	24	,	,	PUNCT
taxlaw-6680	742	25	the	the	DET
taxlaw-6680	742	26	partnership	partnership	NOUN
taxlaw-6680	742	27	agreement	agreement	NOUN
taxlaw-6680	742	28	simply	simply	ADV
taxlaw-6680	742	29	provides	provide	VERB
taxlaw-6680	742	30	that	that	SCONJ
taxlaw-6680	742	31	a	a	DET
taxlaw-6680	742	32	,	,	PUNCT
taxlaw-6680	742	33	b	b	NOUN
taxlaw-6680	742	34	and	and	CCONJ
taxlaw-6680	742	35	c	c	PROPN
taxlaw-6680	742	36	will	will	AUX
taxlaw-6680	742	37	be	be	AUX
taxlaw-6680	742	38	entitled	entitle	VERB
taxlaw-6680	742	39	to	to	PART
taxlaw-6680	742	40	partnership	partnership	VERB
taxlaw-6680	742	41	net	net	ADJ
taxlaw-6680	742	42	assets	asset	NOUN
taxlaw-6680	742	43	50/25/25	50/25/25	PROPN
taxlaw-6680	742	44	in	in	ADP
taxlaw-6680	742	45	a	a	DET
taxlaw-6680	742	46	liquidation	liquidation	NOUN
taxlaw-6680	742	47	,	,	PUNCT
taxlaw-6680	742	48	and	and	CCONJ
taxlaw-6680	742	49	any	any	DET
taxlaw-6680	742	50	partnership	partnership	NOUN
taxlaw-6680	742	51	item	item	NOUN
taxlaw-6680	742	52	must	must	AUX
taxlaw-6680	742	53	be	be	AUX
taxlaw-6680	742	54	allocated	allocate	VERB
taxlaw-6680	742	55	in	in	ADP
taxlaw-6680	742	56	line	line	NOUN
taxlaw-6680	742	57	with	with	ADP
taxlaw-6680	742	58	the	the	DET
taxlaw-6680	742	59	economic	economic	ADJ
taxlaw-6680	742	60	target	target	NOUN
taxlaw-6680	742	61	at	at	ADP
taxlaw-6680	742	62	liquidation	liquidation	NOUN
taxlaw-6680	742	63	.	.	PUNCT
taxlaw-6680	743	1	as	as	ADP
taxlaw-6680	743	2	a	a	DET
taxlaw-6680	743	3	result	result	NOUN
taxlaw-6680	743	4	,	,	PUNCT
taxlaw-6680	743	5	all	all	PRON
taxlaw-6680	743	6	gain	gain	VERB
taxlaw-6680	743	7	from	from	ADP
taxlaw-6680	743	8	the	the	DET
taxlaw-6680	743	9	sale	sale	NOUN
taxlaw-6680	743	10	of	of	ADP
taxlaw-6680	743	11	the	the	DET
taxlaw-6680	743	12	remaining	remain	VERB
taxlaw-6680	743	13	partnership	partnership	NOUN
taxlaw-6680	743	14	properties	property	NOUN
taxlaw-6680	743	15	immediately	immediately	ADV
taxlaw-6680	743	16	after	after	ADP
taxlaw-6680	743	17	distribution	distribution	NOUN
taxlaw-6680	743	18	of	of	ADP
taxlaw-6680	743	19	whiteacre	whiteacre	NUM
taxlaw-6680	743	20	to	to	PART
taxlaw-6680	743	21	b	b	NOUN
taxlaw-6680	743	22	will	will	AUX
taxlaw-6680	743	23	be	be	AUX
taxlaw-6680	743	24	allocated	allocate	VERB
taxlaw-6680	743	25	50/25/25	50/25/25	PROPN
taxlaw-6680	743	26	to	to	ADP
taxlaw-6680	743	27	a	a	DET
taxlaw-6680	743	28	,	,	PUNCT
taxlaw-6680	743	29	b	b	PROPN
taxlaw-6680	743	30	and	and	CCONJ
taxlaw-6680	743	31	c	c	NOUN
taxlaw-6680	743	32	,	,	PUNCT
taxlaw-6680	743	33	which	which	PRON
taxlaw-6680	743	34	will	will	AUX
taxlaw-6680	743	35	cause	cause	VERB
taxlaw-6680	743	36	tax	tax	NOUN
taxlaw-6680	743	37	consequences	consequence	NOUN
taxlaw-6680	743	38	to	to	PART
taxlaw-6680	743	39	match	match	VERB
taxlaw-6680	743	40	the	the	DET
taxlaw-6680	743	41	parties	party	NOUN
taxlaw-6680	743	42	’	'	PUNCT
taxlaw-6680	743	43	economic	economic	ADJ
taxlaw-6680	743	44	arrangement	arrangement	NOUN
taxlaw-6680	743	45	.	.	PUNCT
taxlaw-6680	744	1	under	under	ADP
taxlaw-6680	744	2	the	the	DET
taxlaw-6680	744	3	treasury	treasury	NOUN
taxlaw-6680	744	4	’s	’s	PART
taxlaw-6680	744	5	capital	capital	NOUN
taxlaw-6680	744	6	account	account	NOUN
taxlaw-6680	744	7	method	method	NOUN
taxlaw-6680	744	8	,	,	PUNCT
taxlaw-6680	744	9	however	however	ADV
taxlaw-6680	744	10	,	,	PUNCT
taxlaw-6680	744	11	as	as	SCONJ
taxlaw-6680	744	12	139	139	NUM
taxlaw-6680	744	13	for	for	ADP
taxlaw-6680	744	14	general	general	ADJ
taxlaw-6680	744	15	discussions	discussion	NOUN
taxlaw-6680	744	16	of	of	ADP
taxlaw-6680	744	17	target	target	NOUN
taxlaw-6680	744	18	allocations	allocation	NOUN
taxlaw-6680	744	19	,	,	PUNCT
taxlaw-6680	744	20	see	see	VERB
taxlaw-6680	744	21	,	,	PUNCT
taxlaw-6680	744	22	e.g.	e.g.	ADV
taxlaw-6680	744	23	,	,	PUNCT
taxlaw-6680	744	24	goldberg	goldberg	PROPN
taxlaw-6680	744	25	,	,	PUNCT
taxlaw-6680	744	26	supra	supra	PROPN
taxlaw-6680	744	27	note	note	NOUN
taxlaw-6680	744	28	54	54	NUM
taxlaw-6680	744	29	at	at	ADP
taxlaw-6680	744	30	668	668	NUM
taxlaw-6680	744	31	-	-	SYM
taxlaw-6680	744	32	87	87	NUM
taxlaw-6680	744	33	;	;	PUNCT
taxlaw-6680	744	34	golub	golub	PROPN
taxlaw-6680	744	35	,	,	PUNCT
taxlaw-6680	744	36	supra	supra	PROPN
taxlaw-6680	744	37	note	note	NOUN
taxlaw-6680	744	38	136	136	NUM
taxlaw-6680	744	39	at	at	ADP
taxlaw-6680	744	40	161	161	NUM
taxlaw-6680	744	41	-	-	SYM
taxlaw-6680	744	42	70	70	NUM
taxlaw-6680	744	43	.	.	PUNCT
taxlaw-6680	745	1	140	140	NUM
taxlaw-6680	745	2	see	see	VERB
taxlaw-6680	745	3	,	,	PUNCT
taxlaw-6680	745	4	e.g.	e.g.	ADV
taxlaw-6680	745	5	,	,	PUNCT
taxlaw-6680	745	6	goldberg	goldberg	PROPN
taxlaw-6680	745	7	,	,	PUNCT
taxlaw-6680	745	8	supra	supra	PROPN
taxlaw-6680	745	9	note	note	VERB
taxlaw-6680	745	10	54at	54at	ADJ
taxlaw-6680	745	11	700	700	NUM
taxlaw-6680	745	12	-	-	SYM
taxlaw-6680	745	13	714	714	NUM
taxlaw-6680	745	14	.	.	PUNCT
taxlaw-6680	745	15	2019	2019	NUM
taxlaw-6680	745	16	]	]	PUNCT
taxlaw-6680	746	1	a	a	DET
taxlaw-6680	746	2	gain	gain	NOUN
taxlaw-6680	746	3	must	must	AUX
taxlaw-6680	746	4	lie	lie	VERB
taxlaw-6680	746	5	where	where	SCONJ
taxlaw-6680	746	6	it	it	PRON
taxlaw-6680	746	7	falls	fall	VERB
taxlaw-6680	746	8	:	:	PUNCT
taxlaw-6680	746	9	matching	match	VERB
taxlaw-6680	746	10	tax	tax	NOUN
taxlaw-6680	746	11	with	with	ADP
taxlaw-6680	746	12	economics	economic	NOUN
taxlaw-6680	746	13	in	in	ADP
taxlaw-6680	746	14	subchapter	subchapter	NOUN
taxlaw-6680	746	15	k	k	PROPN
taxlaw-6680	746	16	133	133	NUM
taxlaw-6680	746	17	explained	explain	VERB
taxlaw-6680	746	18	in	in	ADP
taxlaw-6680	746	19	part	part	NOUN
taxlaw-6680	746	20	iii.b.2	iii.b.2	PROPN
taxlaw-6680	746	21	.	.	PROPN
taxlaw-6680	746	22	,	,	PUNCT
taxlaw-6680	746	23	the	the	DET
taxlaw-6680	746	24	tax	tax	NOUN
taxlaw-6680	746	25	will	will	AUX
taxlaw-6680	746	26	mismatch	mismatch	VERB
taxlaw-6680	746	27	the	the	DET
taxlaw-6680	746	28	economics	economic	NOUN
taxlaw-6680	746	29	without	without	ADP
taxlaw-6680	746	30	a	a	DET
taxlaw-6680	746	31	revaluation	revaluation	NOUN
taxlaw-6680	746	32	of	of	ADP
taxlaw-6680	746	33	all	all	DET
taxlaw-6680	746	34	partnership	partnership	NOUN
taxlaw-6680	746	35	properties	property	NOUN
taxlaw-6680	746	36	at	at	ADP
taxlaw-6680	746	37	the	the	DET
taxlaw-6680	746	38	time	time	NOUN
taxlaw-6680	746	39	of	of	ADP
taxlaw-6680	746	40	distribution	distribution	NOUN
taxlaw-6680	746	41	.	.	PUNCT
taxlaw-6680	747	1	the	the	DET
taxlaw-6680	747	2	use	use	NOUN
taxlaw-6680	747	3	of	of	ADP
taxlaw-6680	747	4	target	target	NOUN
taxlaw-6680	747	5	allocation	allocation	NOUN
taxlaw-6680	747	6	in	in	ADP
taxlaw-6680	747	7	example	example	NOUN
taxlaw-6680	747	8	eight	eight	NUM
taxlaw-6680	747	9	is	be	AUX
taxlaw-6680	747	10	non	non	ADJ
taxlaw-6680	747	11	-	-	ADJ
taxlaw-6680	747	12	abusive	abusive	ADJ
taxlaw-6680	747	13	and	and	CCONJ
taxlaw-6680	747	14	better	well	ADJ
taxlaw-6680	747	15	reflects	reflect	VERB
taxlaw-6680	747	16	the	the	DET
taxlaw-6680	747	17	parties	party	NOUN
taxlaw-6680	747	18	’	'	PUNCT
taxlaw-6680	747	19	economic	economic	ADJ
taxlaw-6680	747	20	arrangement	arrangement	NOUN
taxlaw-6680	747	21	.	.	PUNCT
taxlaw-6680	748	1	however	however	ADV
taxlaw-6680	748	2	,	,	PUNCT
taxlaw-6680	748	3	it	it	PRON
taxlaw-6680	748	4	can	can	AUX
taxlaw-6680	748	5	in	in	ADP
taxlaw-6680	748	6	theory	theory	NOUN
taxlaw-6680	748	7	be	be	AUX
taxlaw-6680	748	8	used	use	VERB
taxlaw-6680	748	9	abusively	abusively	ADV
taxlaw-6680	748	10	as	as	ADP
taxlaw-6680	748	11	a	a	DET
taxlaw-6680	748	12	means	means	NOUN
taxlaw-6680	748	13	to	to	PART
taxlaw-6680	748	14	circumvent	circumvent	VERB
taxlaw-6680	748	15	the	the	DET
taxlaw-6680	748	16	implied	imply	VERB
taxlaw-6680	748	17	“	"	PUNCT
taxlaw-6680	748	18	ceiling	ceiling	NOUN
taxlaw-6680	748	19	rule	rule	NOUN
taxlaw-6680	748	20	”	"	PUNCT
taxlaw-6680	748	21	under	under	ADP
taxlaw-6680	748	22	section	section	NOUN
taxlaw-6680	748	23	704	704	NUM
taxlaw-6680	748	24	regulations	regulation	NOUN
taxlaw-6680	748	25	,	,	PUNCT
taxlaw-6680	748	26	which	which	PRON
taxlaw-6680	748	27	will	will	AUX
taxlaw-6680	748	28	be	be	AUX
taxlaw-6680	748	29	explained	explain	VERB
taxlaw-6680	748	30	further	far	ADV
taxlaw-6680	748	31	in	in	ADP
taxlaw-6680	748	32	part	part	NOUN
taxlaw-6680	748	33	iv.a	iv.a	NOUN
taxlaw-6680	748	34	.	.	PUNCT
taxlaw-6680	749	1	and	and	CCONJ
taxlaw-6680	749	2	part	part	NOUN
taxlaw-6680	749	3	iv.b	iv.b	PROPN
taxlaw-6680	749	4	.	.	PUNCT
taxlaw-6680	750	1	consider	consider	VERB
taxlaw-6680	750	2	the	the	DET
taxlaw-6680	750	3	example	example	NOUN
taxlaw-6680	750	4	below	below	ADV
taxlaw-6680	750	5	.	.	PUNCT
taxlaw-6680	751	1	example	example	NOUN
taxlaw-6680	751	2	nine	nine	NUM
taxlaw-6680	751	3	a	a	PRON
taxlaw-6680	751	4	and	and	CCONJ
taxlaw-6680	751	5	b	b	NOUN
taxlaw-6680	751	6	each	each	PRON
taxlaw-6680	751	7	contribute	contribute	VERB
taxlaw-6680	751	8	$	$	SYM
taxlaw-6680	751	9	50x	50x	NUM
taxlaw-6680	751	10	to	to	PART
taxlaw-6680	751	11	form	form	VERB
taxlaw-6680	751	12	partnership	partnership	PROPN
taxlaw-6680	751	13	ab	ab	PROPN
taxlaw-6680	751	14	.	.	PUNCT
taxlaw-6680	752	1	they	they	PRON
taxlaw-6680	752	2	intend	intend	VERB
taxlaw-6680	752	3	from	from	ADP
taxlaw-6680	752	4	the	the	DET
taxlaw-6680	752	5	very	very	ADJ
taxlaw-6680	752	6	beginning	beginning	NOUN
taxlaw-6680	752	7	to	to	PART
taxlaw-6680	752	8	share	share	VERB
taxlaw-6680	752	9	partnership	partnership	NOUN
taxlaw-6680	752	10	net	net	ADJ
taxlaw-6680	752	11	assets	asset	NOUN
taxlaw-6680	752	12	50/50	50/50	NUM
taxlaw-6680	752	13	at	at	ADP
taxlaw-6680	752	14	liquidation	liquidation	NOUN
taxlaw-6680	752	15	.	.	PUNCT
taxlaw-6680	753	1	however	however	ADV
taxlaw-6680	753	2	,	,	PUNCT
taxlaw-6680	753	3	because	because	SCONJ
taxlaw-6680	753	4	they	they	PRON
taxlaw-6680	753	5	want	want	VERB
taxlaw-6680	753	6	to	to	PART
taxlaw-6680	753	7	allocate	allocate	VERB
taxlaw-6680	753	8	more	more	ADJ
taxlaw-6680	753	9	income	income	NOUN
taxlaw-6680	753	10	to	to	ADP
taxlaw-6680	753	11	a	a	PRON
taxlaw-6680	753	12	for	for	ADP
taxlaw-6680	753	13	tax	tax	NOUN
taxlaw-6680	753	14	purposes	purpose	NOUN
taxlaw-6680	753	15	due	due	ADP
taxlaw-6680	753	16	to	to	ADP
taxlaw-6680	753	17	a	a	DET
taxlaw-6680	753	18	’s	’s	ADJ
taxlaw-6680	753	19	favorable	favorable	ADJ
taxlaw-6680	753	20	tax	tax	NOUN
taxlaw-6680	753	21	attributes	attribute	NOUN
taxlaw-6680	753	22	(	(	PUNCT
taxlaw-6680	753	23	such	such	ADJ
taxlaw-6680	753	24	as	as	ADP
taxlaw-6680	753	25	an	an	DET
taxlaw-6680	753	26	expiring	expire	VERB
taxlaw-6680	753	27	nol	nol	NOUN
taxlaw-6680	753	28	)	)	PUNCT
taxlaw-6680	753	29	,	,	PUNCT
taxlaw-6680	753	30	they	they	PRON
taxlaw-6680	753	31	specify	specify	VERB
taxlaw-6680	753	32	that	that	SCONJ
taxlaw-6680	753	33	liquidation	liquidation	NOUN
taxlaw-6680	753	34	will	will	AUX
taxlaw-6680	753	35	be	be	AUX
taxlaw-6680	753	36	made	make	VERB
taxlaw-6680	753	37	90/10	90/10	NUM
taxlaw-6680	753	38	between	between	ADP
taxlaw-6680	753	39	a	a	DET
taxlaw-6680	753	40	and	and	CCONJ
taxlaw-6680	753	41	b	b	NOUN
taxlaw-6680	753	42	and	and	CCONJ
taxlaw-6680	753	43	partnership	partnership	NOUN
taxlaw-6680	753	44	items	item	NOUN
taxlaw-6680	753	45	will	will	AUX
taxlaw-6680	753	46	be	be	AUX
taxlaw-6680	753	47	allocated	allocate	VERB
taxlaw-6680	753	48	accordingly	accordingly	ADV
taxlaw-6680	753	49	.	.	PUNCT
taxlaw-6680	754	1	after	after	ADP
taxlaw-6680	754	2	several	several	ADJ
taxlaw-6680	754	3	years	year	NOUN
taxlaw-6680	754	4	,	,	PUNCT
taxlaw-6680	754	5	when	when	SCONJ
taxlaw-6680	754	6	the	the	DET
taxlaw-6680	754	7	value	value	NOUN
taxlaw-6680	754	8	of	of	ADP
taxlaw-6680	754	9	partnership	partnership	NOUN
taxlaw-6680	754	10	net	net	ADJ
taxlaw-6680	754	11	asset	asset	NOUN
taxlaw-6680	754	12	is	be	AUX
taxlaw-6680	754	13	$	$	SYM
taxlaw-6680	754	14	200x	200x	NUM
taxlaw-6680	754	15	and	and	CCONJ
taxlaw-6680	754	16	equal	equal	ADJ
taxlaw-6680	754	17	to	to	ADP
taxlaw-6680	754	18	the	the	DET
taxlaw-6680	754	19	book	book	NOUN
taxlaw-6680	754	20	value,141	value,141	VERB
taxlaw-6680	754	21	a	a	PRON
taxlaw-6680	754	22	and	and	CCONJ
taxlaw-6680	754	23	b	b	NOUN
taxlaw-6680	754	24	modify	modify	VERB
taxlaw-6680	754	25	their	their	PRON
taxlaw-6680	754	26	agreement	agreement	NOUN
taxlaw-6680	754	27	to	to	PART
taxlaw-6680	754	28	specify	specify	VERB
taxlaw-6680	754	29	a	a	DET
taxlaw-6680	754	30	liquidating	liquidate	VERB
taxlaw-6680	754	31	distribution	distribution	NOUN
taxlaw-6680	754	32	of	of	ADP
taxlaw-6680	754	33	50/50	50/50	NUM
taxlaw-6680	754	34	and	and	CCONJ
taxlaw-6680	754	35	immediately	immediately	ADV
taxlaw-6680	754	36	liquidate	liquidate	VERB
taxlaw-6680	754	37	the	the	DET
taxlaw-6680	754	38	partnership	partnership	NOUN
taxlaw-6680	754	39	thereafter	thereafter	ADV
taxlaw-6680	754	40	.	.	PUNCT
taxlaw-6680	755	1	in	in	ADP
taxlaw-6680	755	2	this	this	DET
taxlaw-6680	755	3	situation	situation	NOUN
taxlaw-6680	755	4	,	,	PUNCT
taxlaw-6680	755	5	the	the	DET
taxlaw-6680	755	6	target	target	NOUN
taxlaw-6680	755	7	method	method	NOUN
taxlaw-6680	755	8	essentially	essentially	ADV
taxlaw-6680	755	9	requires	require	VERB
taxlaw-6680	755	10	an	an	DET
taxlaw-6680	755	11	allocation	allocation	NOUN
taxlaw-6680	755	12	of	of	ADP
taxlaw-6680	755	13	$	$	SYM
taxlaw-6680	755	14	40x	40x	NOUN
taxlaw-6680	755	15	fictitious	fictitious	ADJ
taxlaw-6680	755	16	loss	loss	NOUN
taxlaw-6680	755	17	to	to	ADP
taxlaw-6680	755	18	a	a	PRON
taxlaw-6680	755	19	and	and	CCONJ
taxlaw-6680	755	20	a	a	DET
taxlaw-6680	755	21	$	$	SYM
taxlaw-6680	755	22	40x	40x	NOUN
taxlaw-6680	755	23	fictitious	fictitious	ADJ
taxlaw-6680	755	24	gain	gain	NOUN
taxlaw-6680	755	25	to	to	ADP
taxlaw-6680	755	26	b	b	NOUN
taxlaw-6680	755	27	in	in	ADP
taxlaw-6680	755	28	order	order	NOUN
taxlaw-6680	755	29	for	for	SCONJ
taxlaw-6680	755	30	tax	tax	NOUN
taxlaw-6680	755	31	to	to	PART
taxlaw-6680	755	32	comply	comply	VERB
taxlaw-6680	755	33	with	with	ADP
taxlaw-6680	755	34	the	the	DET
taxlaw-6680	755	35	liquidation	liquidation	NOUN
taxlaw-6680	755	36	target	target	NOUN
taxlaw-6680	755	37	.	.	PUNCT
taxlaw-6680	756	1	this	this	PRON
taxlaw-6680	756	2	,	,	PUNCT
taxlaw-6680	756	3	however	however	ADV
taxlaw-6680	756	4	,	,	PUNCT
taxlaw-6680	756	5	is	be	AUX
taxlaw-6680	756	6	a	a	DET
taxlaw-6680	756	7	violation	violation	NOUN
taxlaw-6680	756	8	of	of	ADP
taxlaw-6680	756	9	the	the	DET
taxlaw-6680	756	10	implied	imply	VERB
taxlaw-6680	756	11	“	"	PUNCT
taxlaw-6680	756	12	ceiling	ceiling	NOUN
taxlaw-6680	756	13	rule	rule	NOUN
taxlaw-6680	756	14	”	"	PUNCT
taxlaw-6680	756	15	and	and	CCONJ
taxlaw-6680	756	16	the	the	DET
taxlaw-6680	756	17	target	target	NOUN
taxlaw-6680	756	18	method	method	NOUN
taxlaw-6680	756	19	is	be	AUX
taxlaw-6680	756	20	being	be	AUX
taxlaw-6680	756	21	used	use	VERB
taxlaw-6680	756	22	abusively	abusively	ADV
taxlaw-6680	756	23	for	for	ADP
taxlaw-6680	756	24	income	income	NOUN
taxlaw-6680	756	25	shifting	shift	VERB
taxlaw-6680	756	26	purposes	purpose	NOUN
taxlaw-6680	756	27	.	.	PUNCT
taxlaw-6680	757	1	although	although	SCONJ
taxlaw-6680	757	2	the	the	DET
taxlaw-6680	757	3	abuse	abuse	NOUN
taxlaw-6680	757	4	in	in	ADP
taxlaw-6680	757	5	example	example	NOUN
taxlaw-6680	757	6	nine	nine	NUM
taxlaw-6680	757	7	is	be	AUX
taxlaw-6680	757	8	unlikely	unlikely	ADJ
taxlaw-6680	757	9	to	to	PART
taxlaw-6680	757	10	happen	happen	VERB
taxlaw-6680	757	11	between	between	ADP
taxlaw-6680	757	12	parties	party	NOUN
taxlaw-6680	757	13	in	in	ADP
taxlaw-6680	757	14	arm	arm	NOUN
taxlaw-6680	757	15	’s	’s	PART
taxlaw-6680	757	16	length	length	NOUN
taxlaw-6680	757	17	positions	position	NOUN
taxlaw-6680	757	18	,	,	PUNCT
taxlaw-6680	757	19	it	it	PRON
taxlaw-6680	757	20	does	do	AUX
taxlaw-6680	757	21	reveal	reveal	VERB
taxlaw-6680	757	22	a	a	DET
taxlaw-6680	757	23	tension	tension	NOUN
taxlaw-6680	757	24	between	between	ADP
taxlaw-6680	757	25	the	the	DET
taxlaw-6680	757	26	target	target	NOUN
taxlaw-6680	757	27	method	method	NOUN
taxlaw-6680	757	28	and	and	CCONJ
taxlaw-6680	757	29	some	some	PRON
taxlaw-6680	757	30	of	of	ADP
taxlaw-6680	757	31	the	the	DET
taxlaw-6680	757	32	fundamental	fundamental	ADJ
taxlaw-6680	757	33	principles	principle	NOUN
taxlaw-6680	757	34	under	under	ADP
taxlaw-6680	757	35	the	the	DET
taxlaw-6680	757	36	section	section	NOUN
taxlaw-6680	757	37	704	704	NUM
taxlaw-6680	757	38	regulations	regulation	NOUN
taxlaw-6680	757	39	.	.	PUNCT
taxlaw-6680	758	1	a.	a.	NOUN
taxlaw-6680	758	2	capital	capital	PROPN
taxlaw-6680	758	3	shifting	shift	VERB
taxlaw-6680	758	4	and	and	CCONJ
taxlaw-6680	758	5	tax	tax	NOUN
taxlaw-6680	758	6	avoidance	avoidance	NOUN
taxlaw-6680	758	7	motive	motive	VERB
taxlaw-6680	758	8	an	an	DET
taxlaw-6680	758	9	important	important	ADJ
taxlaw-6680	758	10	implication	implication	NOUN
taxlaw-6680	758	11	of	of	ADP
taxlaw-6680	758	12	the	the	DET
taxlaw-6680	758	13	primary	primary	ADJ
taxlaw-6680	758	14	test	test	NOUN
taxlaw-6680	758	15	under	under	ADP
taxlaw-6680	758	16	the	the	DET
taxlaw-6680	758	17	see	see	ADJ
taxlaw-6680	758	18	safe	safe	ADJ
taxlaw-6680	758	19	harbor	harbor	NOUN
taxlaw-6680	758	20	is	be	AUX
taxlaw-6680	758	21	that	that	SCONJ
taxlaw-6680	758	22	capital	capital	NOUN
taxlaw-6680	758	23	shifting	shift	VERB
taxlaw-6680	758	24	among	among	ADP
taxlaw-6680	758	25	partners	partner	NOUN
taxlaw-6680	758	26	,	,	PUNCT
taxlaw-6680	758	27	which	which	PRON
taxlaw-6680	758	28	is	be	AUX
taxlaw-6680	758	29	a	a	DET
taxlaw-6680	758	30	mere	mere	ADJ
taxlaw-6680	758	31	re	re	NOUN
taxlaw-6680	758	32	-	-	NOUN
taxlaw-6680	758	33	allocation	allocation	NOUN
taxlaw-6680	758	34	of	of	ADP
taxlaw-6680	758	35	capital	capital	NOUN
taxlaw-6680	758	36	account	account	NOUN
taxlaw-6680	758	37	balances	balance	NOUN
taxlaw-6680	758	38	among	among	ADP
taxlaw-6680	758	39	partners	partner	NOUN
taxlaw-6680	758	40	without	without	ADP
taxlaw-6680	758	41	recognition	recognition	NOUN
taxlaw-6680	758	42	of	of	ADP
taxlaw-6680	758	43	actual	actual	ADJ
taxlaw-6680	758	44	gain	gain	NOUN
taxlaw-6680	758	45	or	or	CCONJ
taxlaw-6680	758	46	loss	loss	NOUN
taxlaw-6680	758	47	at	at	ADP
taxlaw-6680	758	48	the	the	DET
taxlaw-6680	758	49	partnership	partnership	NOUN
taxlaw-6680	758	50	level	level	NOUN
taxlaw-6680	758	51	and	and	CCONJ
taxlaw-6680	758	52	allocation	allocation	NOUN
taxlaw-6680	758	53	of	of	ADP
taxlaw-6680	758	54	such	such	ADJ
taxlaw-6680	758	55	gain	gain	NOUN
taxlaw-6680	758	56	or	or	CCONJ
taxlaw-6680	758	57	loss	loss	NOUN
taxlaw-6680	758	58	among	among	ADP
taxlaw-6680	758	59	partners	partner	NOUN
taxlaw-6680	758	60	,	,	PUNCT
taxlaw-6680	758	61	is	be	AUX
taxlaw-6680	758	62	prohibited	prohibit	VERB
taxlaw-6680	758	63	.	.	PUNCT
taxlaw-6680	759	1	first	first	ADV
taxlaw-6680	759	2	,	,	PUNCT
taxlaw-6680	759	3	as	as	SCONJ
taxlaw-6680	759	4	mentioned	mention	VERB
taxlaw-6680	759	5	earlier	early	ADV
taxlaw-6680	759	6	,	,	PUNCT
taxlaw-6680	759	7	the	the	DET
taxlaw-6680	759	8	capital	capital	NOUN
taxlaw-6680	759	9	account	account	NOUN
taxlaw-6680	759	10	maintenance	maintenance	NOUN
taxlaw-6680	759	11	rules	rule	NOUN
taxlaw-6680	759	12	under	under	ADP
taxlaw-6680	759	13	treas	treas	PROPN
taxlaw-6680	759	14	.	.	PUNCT
taxlaw-6680	760	1	reg.§1.704	reg.§1.704	VERB
taxlaw-6680	760	2	-	-	PUNCT
taxlaw-6680	760	3	1(b)(2)(iv	1(b)(2)(iv	NUM
taxlaw-6680	760	4	)	)	PUNCT
taxlaw-6680	760	5	contain	contain	VERB
taxlaw-6680	760	6	an	an	DET
taxlaw-6680	760	7	implied	imply	VERB
taxlaw-6680	760	8	“	"	PUNCT
taxlaw-6680	760	9	ceiling	ceiling	NOUN
taxlaw-6680	760	10	rule	rule	NOUN
taxlaw-6680	760	11	”	"	PUNCT
taxlaw-6680	760	12	:	:	PUNCT
taxlaw-6680	760	13	the	the	DET
taxlaw-6680	760	14	rules	rule	NOUN
taxlaw-6680	760	15	do	do	AUX
taxlaw-6680	760	16	not	not	PART
taxlaw-6680	760	17	permit	permit	VERB
taxlaw-6680	760	18	recognition	recognition	NOUN
taxlaw-6680	760	19	of	of	ADP
taxlaw-6680	760	20	fictitious	fictitious	ADJ
taxlaw-6680	760	21	gain	gain	NOUN
taxlaw-6680	760	22	or	or	CCONJ
taxlaw-6680	760	23	loss	loss	NOUN
taxlaw-6680	760	24	at	at	ADP
taxlaw-6680	760	25	the	the	DET
taxlaw-6680	760	26	partnership	partnership	NOUN
taxlaw-6680	760	27	level	level	NOUN
taxlaw-6680	760	28	solely	solely	ADV
taxlaw-6680	760	29	for	for	ADP
taxlaw-6680	760	30	purposes	purpose	NOUN
taxlaw-6680	760	31	of	of	ADP
taxlaw-6680	760	32	readjusting	readjust	VERB
taxlaw-6680	760	33	the	the	DET
taxlaw-6680	760	34	partners	partner	NOUN
taxlaw-6680	760	35	’	'	PUNCT
taxlaw-6680	760	36	capital	capital	NOUN
taxlaw-6680	760	37	account	account	PROPN
taxlaw-6680	760	38	balances.142	balances.142	PROPN
taxlaw-6680	760	39	second	second	PROPN
taxlaw-6680	760	40	,	,	PUNCT
taxlaw-6680	760	41	the	the	DET
taxlaw-6680	760	42	unlimited	unlimited	ADJ
taxlaw-6680	760	43	dro	dro	PROPN
taxlaw-6680	760	44	requirement	requirement	NOUN
taxlaw-6680	760	45	under	under	ADP
taxlaw-6680	760	46	the	the	DET
taxlaw-6680	760	47	primary	primary	ADJ
taxlaw-6680	760	48	test	test	NOUN
taxlaw-6680	760	49	prohibits	prohibit	VERB
taxlaw-6680	760	50	capital	capital	NOUN
taxlaw-6680	760	51	shifting	shift	VERB
taxlaw-6680	760	52	through	through	ADP
taxlaw-6680	760	53	liquidating	liquidating	NOUN
taxlaw-6680	760	54	distributions	distribution	NOUN
taxlaw-6680	760	55	.	.	PUNCT
taxlaw-6680	761	1	for	for	ADP
taxlaw-6680	761	2	example	example	NOUN
taxlaw-6680	761	3	,	,	PUNCT
taxlaw-6680	761	4	if	if	SCONJ
taxlaw-6680	761	5	a	a	PRON
taxlaw-6680	761	6	and	and	CCONJ
taxlaw-6680	761	7	b	b	NOUN
taxlaw-6680	761	8	each	each	PRON
taxlaw-6680	761	9	contributes	contribute	VERB
taxlaw-6680	761	10	$	$	SYM
taxlaw-6680	761	11	100x	100x	NUM
taxlaw-6680	761	12	to	to	PART
taxlaw-6680	761	13	form	form	VERB
taxlaw-6680	761	14	partnership	partnership	NOUN
taxlaw-6680	761	15	ab	ab	PROPN
taxlaw-6680	761	16	and	and	CCONJ
taxlaw-6680	761	17	the	the	DET
taxlaw-6680	761	18	partnership	partnership	NOUN
taxlaw-6680	761	19	is	be	AUX
taxlaw-6680	761	20	immediately	immediately	ADV
taxlaw-6680	761	21	liquidated	liquidate	VERB
taxlaw-6680	761	22	,	,	PUNCT
taxlaw-6680	761	23	under	under	ADP
taxlaw-6680	761	24	the	the	DET
taxlaw-6680	761	25	primary	primary	ADJ
taxlaw-6680	761	26	test	test	NOUN
taxlaw-6680	761	27	,	,	PUNCT
taxlaw-6680	761	28	each	each	DET
taxlaw-6680	761	29	partner	partner	NOUN
taxlaw-6680	761	30	must	must	AUX
taxlaw-6680	761	31	receive	receive	VERB
taxlaw-6680	761	32	$	$	SYM
taxlaw-6680	761	33	100x	100x	NUM
taxlaw-6680	761	34	.	.	PUNCT
taxlaw-6680	762	1	it	it	PRON
taxlaw-6680	762	2	’s	’	VERB
taxlaw-6680	762	3	not	not	PART
taxlaw-6680	762	4	possible	possible	ADJ
taxlaw-6680	762	5	for	for	SCONJ
taxlaw-6680	762	6	a	a	PRON
taxlaw-6680	762	7	to	to	PART
taxlaw-6680	762	8	shift	shift	VERB
taxlaw-6680	762	9	her	her	PRON
taxlaw-6680	762	10	$	$	SYM
taxlaw-6680	762	11	100x	100x	NUM
taxlaw-6680	762	12	contributed	contribute	VERB
taxlaw-6680	762	13	capital	capital	NOUN
taxlaw-6680	762	14	to	to	ADP
taxlaw-6680	762	15	b	b	NOUN
taxlaw-6680	762	16	by	by	ADP
taxlaw-6680	762	17	having	have	VERB
taxlaw-6680	762	18	the	the	DET
taxlaw-6680	762	19	partnership	partnership	NOUN
taxlaw-6680	762	20	recognize	recognize	VERB
taxlaw-6680	762	21	a	a	DET
taxlaw-6680	762	22	fictitious	fictitious	ADJ
taxlaw-6680	762	23	gain	gain	NOUN
taxlaw-6680	762	24	of	of	ADP
taxlaw-6680	762	25	$	$	SYM
taxlaw-6680	762	26	100x	100x	NUM
taxlaw-6680	762	27	entirely	entirely	ADV
taxlaw-6680	762	28	allocated	allocate	VERB
taxlaw-6680	762	29	to	to	ADP
taxlaw-6680	762	30	b	b	NOUN
taxlaw-6680	762	31	and	and	CCONJ
taxlaw-6680	762	32	a	a	DET
taxlaw-6680	762	33	fictitious	fictitious	ADJ
taxlaw-6680	762	34	loss	loss	NOUN
taxlaw-6680	762	35	of	of	ADP
taxlaw-6680	762	36	the	the	DET
taxlaw-6680	762	37	same	same	ADJ
taxlaw-6680	762	38	amount	amount	NOUN
taxlaw-6680	762	39	entirely	entirely	ADV
taxlaw-6680	762	40	allocated	allocate	VERB
taxlaw-6680	762	41	to	to	ADP
taxlaw-6680	762	42	a.	a.	NOUN
taxlaw-6680	762	43	also	also	ADV
taxlaw-6680	762	44	,	,	PUNCT
taxlaw-6680	762	45	a	a	PRON
taxlaw-6680	762	46	can	can	AUX
taxlaw-6680	762	47	not	not	PART
taxlaw-6680	762	48	shift	shift	VERB
taxlaw-6680	762	49	her	her	PRON
taxlaw-6680	762	50	contributed	contribute	VERB
taxlaw-6680	762	51	capital	capital	NOUN
taxlaw-6680	762	52	to	to	ADP
taxlaw-6680	762	53	b	b	NOUN
taxlaw-6680	762	54	through	through	ADP
taxlaw-6680	762	55	a	a	DET
taxlaw-6680	762	56	liquidating	liquidate	VERB
taxlaw-6680	762	57	distribution	distribution	NOUN
taxlaw-6680	762	58	of	of	ADP
taxlaw-6680	762	59	$	$	SYM
taxlaw-6680	762	60	200x	200x	NUM
taxlaw-6680	762	61	entirely	entirely	ADV
taxlaw-6680	762	62	to	to	ADP
taxlaw-6680	762	63	b	b	NOUN
taxlaw-6680	762	64	,	,	PUNCT
taxlaw-6680	762	65	because	because	SCONJ
taxlaw-6680	762	66	b	b	NOUN
taxlaw-6680	762	67	will	will	AUX
taxlaw-6680	762	68	have	have	VERB
taxlaw-6680	762	69	a	a	DET
taxlaw-6680	762	70	deficit	deficit	NOUN
taxlaw-6680	762	71	of	of	ADP
taxlaw-6680	762	72	$	$	SYM
taxlaw-6680	762	73	100x	100x	NUM
taxlaw-6680	762	74	and	and	CCONJ
taxlaw-6680	762	75	must	must	AUX
taxlaw-6680	762	76	pay	pay	VERB
taxlaw-6680	762	77	a	a	DET
taxlaw-6680	762	78	$	$	SYM
taxlaw-6680	762	79	100x	100x	NUM
taxlaw-6680	762	80	due	due	ADJ
taxlaw-6680	762	81	to	to	ADP
taxlaw-6680	762	82	the	the	DET
taxlaw-6680	762	83	unlimited	unlimited	ADJ
taxlaw-6680	762	84	dro	dro	PROPN
taxlaw-6680	762	85	.	.	PUNCT
taxlaw-6680	763	1	141	141	NUM
taxlaw-6680	763	2	to	to	PART
taxlaw-6680	763	3	achieve	achieve	VERB
taxlaw-6680	763	4	this	this	PRON
taxlaw-6680	763	5	,	,	PUNCT
taxlaw-6680	763	6	a	a	PRON
taxlaw-6680	763	7	and	and	CCONJ
taxlaw-6680	763	8	b	b	NOUN
taxlaw-6680	763	9	can	can	AUX
taxlaw-6680	763	10	sell	sell	VERB
taxlaw-6680	763	11	all	all	DET
taxlaw-6680	763	12	partnership	partnership	NOUN
taxlaw-6680	763	13	properties	property	NOUN
taxlaw-6680	763	14	for	for	ADP
taxlaw-6680	763	15	cash	cash	NOUN
taxlaw-6680	763	16	before	before	ADP
taxlaw-6680	763	17	modifying	modify	VERB
taxlaw-6680	763	18	the	the	DET
taxlaw-6680	763	19	partnership	partnership	NOUN
taxlaw-6680	763	20	agreement	agreement	NOUN
taxlaw-6680	763	21	.	.	PUNCT
taxlaw-6680	764	1	142	142	NUM
taxlaw-6680	764	2	from	from	ADP
taxlaw-6680	764	3	a	a	DET
taxlaw-6680	764	4	policy	policy	NOUN
taxlaw-6680	764	5	perspective	perspective	NOUN
taxlaw-6680	764	6	,	,	PUNCT
taxlaw-6680	764	7	the	the	DET
taxlaw-6680	764	8	“	"	PUNCT
taxlaw-6680	764	9	ceiling	ceiling	NOUN
taxlaw-6680	764	10	rule	rule	NOUN
taxlaw-6680	764	11	”	"	PUNCT
taxlaw-6680	764	12	is	be	AUX
taxlaw-6680	764	13	necessary	necessary	ADJ
taxlaw-6680	764	14	to	to	PART
taxlaw-6680	764	15	prevent	prevent	VERB
taxlaw-6680	764	16	tax	tax	NOUN
taxlaw-6680	764	17	abuses	abuse	NOUN
taxlaw-6680	764	18	where	where	SCONJ
taxlaw-6680	764	19	a	a	DET
taxlaw-6680	764	20	partner	partner	NOUN
taxlaw-6680	764	21	is	be	AUX
taxlaw-6680	764	22	allocated	allocate	VERB
taxlaw-6680	764	23	partnership	partnership	NOUN
taxlaw-6680	764	24	deductions	deduction	NOUN
taxlaw-6680	764	25	or	or	CCONJ
taxlaw-6680	764	26	losses	loss	NOUN
taxlaw-6680	764	27	(	(	PUNCT
taxlaw-6680	764	28	actual	actual	ADJ
taxlaw-6680	764	29	or	or	CCONJ
taxlaw-6680	764	30	fictitious	fictitious	ADJ
taxlaw-6680	764	31	)	)	PUNCT
taxlaw-6680	764	32	leading	lead	VERB
taxlaw-6680	764	33	to	to	ADP
taxlaw-6680	764	34	a	a	DET
taxlaw-6680	764	35	capital	capital	NOUN
taxlaw-6680	764	36	account	account	NOUN
taxlaw-6680	764	37	deficit	deficit	NOUN
taxlaw-6680	764	38	and	and	CCONJ
taxlaw-6680	764	39	is	be	AUX
taxlaw-6680	764	40	later	later	ADV
taxlaw-6680	764	41	allocated	allocate	VERB
taxlaw-6680	764	42	a	a	DET
taxlaw-6680	764	43	fictitious	fictitious	ADJ
taxlaw-6680	764	44	gain	gain	NOUN
taxlaw-6680	764	45	for	for	ADP
taxlaw-6680	764	46	the	the	DET
taxlaw-6680	764	47	sole	sole	ADJ
taxlaw-6680	764	48	purpose	purpose	NOUN
taxlaw-6680	764	49	of	of	ADP
taxlaw-6680	764	50	restoring	restore	VERB
taxlaw-6680	764	51	such	such	ADJ
taxlaw-6680	764	52	deficit	deficit	NOUN
taxlaw-6680	764	53	.	.	PUNCT
taxlaw-6680	765	1	the	the	DET
taxlaw-6680	765	2	absence	absence	NOUN
taxlaw-6680	765	3	of	of	ADP
taxlaw-6680	765	4	such	such	ADJ
taxlaw-6680	765	5	rule	rule	NOUN
taxlaw-6680	765	6	would	would	AUX
taxlaw-6680	765	7	permit	permit	VERB
taxlaw-6680	765	8	allocation	allocation	NOUN
taxlaw-6680	765	9	of	of	ADP
taxlaw-6680	765	10	partnership	partnership	NOUN
taxlaw-6680	765	11	items	item	NOUN
taxlaw-6680	765	12	solely	solely	ADV
taxlaw-6680	765	13	for	for	ADP
taxlaw-6680	765	14	tax	tax	NOUN
taxlaw-6680	765	15	purposes	purpose	NOUN
taxlaw-6680	765	16	as	as	ADV
taxlaw-6680	765	17	well	well	ADV
taxlaw-6680	765	18	as	as	ADP
taxlaw-6680	765	19	creation	creation	NOUN
taxlaw-6680	765	20	of	of	ADP
taxlaw-6680	765	21	fictitious	fictitious	ADJ
taxlaw-6680	765	22	items	item	NOUN
taxlaw-6680	765	23	solely	solely	ADV
taxlaw-6680	765	24	for	for	ADP
taxlaw-6680	765	25	such	such	ADJ
taxlaw-6680	765	26	allocation	allocation	NOUN
taxlaw-6680	765	27	,	,	PUNCT
taxlaw-6680	765	28	which	which	PRON
taxlaw-6680	765	29	renders	render	VERB
taxlaw-6680	765	30	the	the	DET
taxlaw-6680	765	31	unlimited	unlimited	ADJ
taxlaw-6680	765	32	dro	dro	PROPN
taxlaw-6680	765	33	requirement	requirement	NOUN
taxlaw-6680	765	34	practically	practically	ADV
taxlaw-6680	765	35	meaningless	meaningless	ADJ
taxlaw-6680	765	36	.	.	PUNCT
taxlaw-6680	766	1	[	[	X
taxlaw-6680	766	2	vol	vol	NOUN
taxlaw-6680	766	3	.	.	PUNCT
taxlaw-6680	766	4	11:1	11:1	NUM
taxlaw-6680	766	5	columbia	columbia	PROPN
taxlaw-6680	766	6	journal	journal	PROPN
taxlaw-6680	766	7	of	of	ADP
taxlaw-6680	766	8	tax	tax	NOUN
taxlaw-6680	766	9	law	law	NOUN
taxlaw-6680	766	10	134	134	NUM
taxlaw-6680	766	11	the	the	DET
taxlaw-6680	766	12	prohibition	prohibition	NOUN
taxlaw-6680	766	13	against	against	ADP
taxlaw-6680	766	14	capital	capital	NOUN
taxlaw-6680	766	15	shifting	shift	VERB
taxlaw-6680	766	16	and	and	CCONJ
taxlaw-6680	766	17	the	the	DET
taxlaw-6680	766	18	“	"	PUNCT
taxlaw-6680	766	19	ceiling	ceiling	NOUN
taxlaw-6680	766	20	rule	rule	NOUN
taxlaw-6680	766	21	”	"	PUNCT
taxlaw-6680	766	22	can	can	AUX
taxlaw-6680	766	23	theoretically	theoretically	ADV
taxlaw-6680	766	24	cause	cause	VERB
taxlaw-6680	766	25	an	an	DET
taxlaw-6680	766	26	allocation	allocation	NOUN
taxlaw-6680	766	27	that	that	PRON
taxlaw-6680	766	28	has	have	VERB
taxlaw-6680	766	29	economic	economic	ADJ
taxlaw-6680	766	30	substance	substance	NOUN
taxlaw-6680	766	31	but	but	CCONJ
taxlaw-6680	766	32	does	do	AUX
taxlaw-6680	766	33	n’t	not	PART
taxlaw-6680	766	34	satisfy	satisfy	VERB
taxlaw-6680	766	35	the	the	DET
taxlaw-6680	766	36	primary	primary	ADJ
taxlaw-6680	766	37	test	test	NOUN
taxlaw-6680	766	38	to	to	PART
taxlaw-6680	766	39	also	also	ADV
taxlaw-6680	766	40	fail	fail	VERB
taxlaw-6680	766	41	the	the	DET
taxlaw-6680	766	42	eee	eee	NOUN
taxlaw-6680	766	43	test	test	NOUN
taxlaw-6680	766	44	.	.	PUNCT
taxlaw-6680	767	1	consider	consider	VERB
taxlaw-6680	767	2	the	the	DET
taxlaw-6680	767	3	following	follow	VERB
taxlaw-6680	767	4	example	example	NOUN
taxlaw-6680	767	5	.	.	PUNCT
taxlaw-6680	768	1	example	example	NOUN
taxlaw-6680	768	2	ten	ten	NUM
taxlaw-6680	768	3	a	a	PRON
taxlaw-6680	768	4	contributes	contribute	VERB
taxlaw-6680	768	5	$	$	SYM
taxlaw-6680	768	6	100x	100x	NUM
taxlaw-6680	768	7	and	and	CCONJ
taxlaw-6680	768	8	b	b	NOUN
taxlaw-6680	768	9	contributes	contribute	VERB
taxlaw-6680	768	10	$	$	SYM
taxlaw-6680	768	11	10x	10x	NUM
taxlaw-6680	768	12	to	to	PART
taxlaw-6680	768	13	form	form	VERB
taxlaw-6680	768	14	partnership	partnership	PROPN
taxlaw-6680	768	15	ab	ab	PROPN
taxlaw-6680	768	16	.	.	PUNCT
taxlaw-6680	769	1	a	a	PRON
taxlaw-6680	769	2	is	be	AUX
taxlaw-6680	769	3	a	a	DET
taxlaw-6680	769	4	limited	limited	ADJ
taxlaw-6680	769	5	partner	partner	NOUN
taxlaw-6680	769	6	and	and	CCONJ
taxlaw-6680	769	7	b	b	NOUN
taxlaw-6680	769	8	is	be	AUX
taxlaw-6680	769	9	a	a	DET
taxlaw-6680	769	10	general	general	ADJ
taxlaw-6680	769	11	partner	partner	NOUN
taxlaw-6680	769	12	having	have	VERB
taxlaw-6680	769	13	no	no	DET
taxlaw-6680	769	14	dro	dro	PROPN
taxlaw-6680	769	15	.	.	PUNCT
taxlaw-6680	770	1	the	the	DET
taxlaw-6680	770	2	partnership	partnership	NOUN
taxlaw-6680	770	3	agreement	agreement	NOUN
taxlaw-6680	770	4	provides	provide	VERB
taxlaw-6680	770	5	that	that	SCONJ
taxlaw-6680	770	6	,	,	PUNCT
taxlaw-6680	770	7	in	in	ADP
taxlaw-6680	770	8	a	a	DET
taxlaw-6680	770	9	liquidation	liquidation	NOUN
taxlaw-6680	770	10	,	,	PUNCT
taxlaw-6680	770	11	(	(	PUNCT
taxlaw-6680	770	12	1	1	X
taxlaw-6680	770	13	)	)	PUNCT
taxlaw-6680	770	14	b	b	NOUN
taxlaw-6680	770	15	is	be	AUX
taxlaw-6680	770	16	first	first	ADV
taxlaw-6680	770	17	allocated	allocate	VERB
taxlaw-6680	770	18	an	an	DET
taxlaw-6680	770	19	amount	amount	NOUN
taxlaw-6680	770	20	that	that	PRON
taxlaw-6680	770	21	permits	permit	VERB
taxlaw-6680	770	22	her	she	PRON
taxlaw-6680	770	23	to	to	PART
taxlaw-6680	770	24	recover	recover	VERB
taxlaw-6680	770	25	all	all	DET
taxlaw-6680	770	26	invested	invest	VERB
taxlaw-6680	770	27	capital	capital	NOUN
taxlaw-6680	770	28	and	and	CCONJ
taxlaw-6680	770	29	to	to	PART
taxlaw-6680	770	30	earn	earn	VERB
taxlaw-6680	770	31	a	a	DET
taxlaw-6680	770	32	10	10	NUM
taxlaw-6680	770	33	%	%	NOUN
taxlaw-6680	770	34	return	return	NOUN
taxlaw-6680	770	35	on	on	ADP
taxlaw-6680	770	36	capital	capital	NOUN
taxlaw-6680	770	37	;	;	PUNCT
taxlaw-6680	770	38	(	(	PUNCT
taxlaw-6680	770	39	2	2	X
taxlaw-6680	770	40	)	)	PUNCT
taxlaw-6680	770	41	a	a	PRON
taxlaw-6680	770	42	is	be	AUX
taxlaw-6680	770	43	next	next	ADV
taxlaw-6680	770	44	entitled	entitle	VERB
taxlaw-6680	770	45	to	to	PART
taxlaw-6680	770	46	recover	recover	VERB
taxlaw-6680	770	47	her	her	PRON
taxlaw-6680	770	48	invested	invest	VERB
taxlaw-6680	770	49	capital	capital	NOUN
taxlaw-6680	770	50	;	;	PUNCT
taxlaw-6680	770	51	(	(	PUNCT
taxlaw-6680	770	52	3	3	X
taxlaw-6680	770	53	)	)	PUNCT
taxlaw-6680	770	54	any	any	DET
taxlaw-6680	770	55	remaining	remain	VERB
taxlaw-6680	770	56	partnership	partnership	NOUN
taxlaw-6680	770	57	net	net	ADJ
taxlaw-6680	770	58	assets	asset	NOUN
taxlaw-6680	770	59	are	be	AUX
taxlaw-6680	770	60	allocated	allocate	VERB
taxlaw-6680	770	61	50/50	50/50	NUM
taxlaw-6680	770	62	between	between	ADP
taxlaw-6680	770	63	a	a	PRON
taxlaw-6680	770	64	and	and	CCONJ
taxlaw-6680	770	65	b	b	NOUN
taxlaw-6680	770	66	;	;	PUNCT
taxlaw-6680	770	67	(	(	PUNCT
taxlaw-6680	770	68	4	4	X
taxlaw-6680	770	69	)	)	PUNCT
taxlaw-6680	770	70	all	all	DET
taxlaw-6680	770	71	partnership	partnership	NOUN
taxlaw-6680	770	72	items	item	NOUN
taxlaw-6680	770	73	must	must	AUX
taxlaw-6680	770	74	be	be	AUX
taxlaw-6680	770	75	allocated	allocate	VERB
taxlaw-6680	770	76	in	in	ADP
taxlaw-6680	770	77	accordance	accordance	NOUN
taxlaw-6680	770	78	with	with	ADP
taxlaw-6680	770	79	the	the	DET
taxlaw-6680	770	80	allocation	allocation	NOUN
taxlaw-6680	770	81	of	of	ADP
taxlaw-6680	770	82	net	net	ADJ
taxlaw-6680	770	83	assets	asset	NOUN
taxlaw-6680	770	84	in	in	ADP
taxlaw-6680	770	85	a	a	DET
taxlaw-6680	770	86	liquidation	liquidation	NOUN
taxlaw-6680	770	87	.	.	PUNCT
taxlaw-6680	771	1	since	since	SCONJ
taxlaw-6680	771	2	liquidating	liquidating	NOUN
taxlaw-6680	771	3	distributions	distribution	NOUN
taxlaw-6680	771	4	are	be	AUX
taxlaw-6680	771	5	not	not	PART
taxlaw-6680	771	6	made	make	VERB
taxlaw-6680	771	7	according	accord	VERB
taxlaw-6680	771	8	to	to	ADP
taxlaw-6680	771	9	positive	positive	ADJ
taxlaw-6680	771	10	capital	capital	NOUN
taxlaw-6680	771	11	account	account	NOUN
taxlaw-6680	771	12	balances	balance	NOUN
taxlaw-6680	771	13	,	,	PUNCT
taxlaw-6680	771	14	and	and	CCONJ
taxlaw-6680	771	15	there	there	PRON
taxlaw-6680	771	16	is	be	VERB
taxlaw-6680	771	17	no	no	DET
taxlaw-6680	771	18	unlimited	unlimited	ADJ
taxlaw-6680	771	19	dro	dro	NOUN
taxlaw-6680	771	20	for	for	ADP
taxlaw-6680	771	21	b	b	PROPN
taxlaw-6680	771	22	,	,	PUNCT
taxlaw-6680	771	23	the	the	DET
taxlaw-6680	771	24	allocation	allocation	NOUN
taxlaw-6680	771	25	does	do	AUX
taxlaw-6680	771	26	n’t	not	PART
taxlaw-6680	771	27	satisfy	satisfy	VERB
taxlaw-6680	771	28	the	the	DET
taxlaw-6680	771	29	primary	primary	ADJ
taxlaw-6680	771	30	test	test	NOUN
taxlaw-6680	771	31	.	.	PUNCT
taxlaw-6680	772	1	an	an	DET
taxlaw-6680	772	2	important	important	ADJ
taxlaw-6680	772	3	question	question	NOUN
taxlaw-6680	772	4	here	here	ADV
taxlaw-6680	772	5	is	be	AUX
taxlaw-6680	772	6	whether	whether	SCONJ
taxlaw-6680	772	7	the	the	DET
taxlaw-6680	772	8	allocation	allocation	NOUN
taxlaw-6680	772	9	satisfies	satisfy	VERB
taxlaw-6680	772	10	the	the	DET
taxlaw-6680	772	11	eee	eee	NOUN
taxlaw-6680	772	12	test	test	NOUN
taxlaw-6680	772	13	as	as	ADP
taxlaw-6680	772	14	an	an	DET
taxlaw-6680	772	15	alternative	alternative	NOUN
taxlaw-6680	772	16	.	.	PUNCT
taxlaw-6680	773	1	one	one	NUM
taxlaw-6680	773	2	argument	argument	NOUN
taxlaw-6680	773	3	that	that	SCONJ
taxlaw-6680	773	4	the	the	DET
taxlaw-6680	773	5	eee	eee	NOUN
taxlaw-6680	773	6	test	test	NOUN
taxlaw-6680	773	7	is	be	AUX
taxlaw-6680	773	8	not	not	PART
taxlaw-6680	773	9	satisfied	satisfied	ADJ
taxlaw-6680	773	10	here	here	ADV
taxlaw-6680	773	11	is	be	AUX
taxlaw-6680	773	12	that	that	SCONJ
taxlaw-6680	773	13	the	the	DET
taxlaw-6680	773	14	purported	purport	VERB
taxlaw-6680	773	15	allocation	allocation	NOUN
taxlaw-6680	773	16	permits	permit	VERB
taxlaw-6680	773	17	capital	capital	NOUN
taxlaw-6680	773	18	shifting	shift	VERB
taxlaw-6680	773	19	from	from	ADP
taxlaw-6680	773	20	b	b	PROPN
taxlaw-6680	773	21	to	to	ADP
taxlaw-6680	773	22	a	a	DET
taxlaw-6680	773	23	while	while	NOUN
taxlaw-6680	773	24	the	the	DET
taxlaw-6680	773	25	primary	primary	ADJ
taxlaw-6680	773	26	test	test	NOUN
taxlaw-6680	773	27	prohibits	prohibit	VERB
taxlaw-6680	773	28	it	it	PRON
taxlaw-6680	773	29	.	.	PUNCT
taxlaw-6680	774	1	suppose	suppose	VERB
taxlaw-6680	774	2	the	the	DET
taxlaw-6680	774	3	partnership	partnership	NOUN
taxlaw-6680	774	4	has	have	VERB
taxlaw-6680	774	5	$	$	SYM
taxlaw-6680	774	6	5x	5x	NUM
taxlaw-6680	774	7	income	income	NOUN
taxlaw-6680	774	8	and	and	CCONJ
taxlaw-6680	774	9	$	$	SYM
taxlaw-6680	774	10	5x	5x	NUM
taxlaw-6680	774	11	of	of	ADP
taxlaw-6680	774	12	expenses	expense	NOUN
taxlaw-6680	774	13	in	in	ADP
taxlaw-6680	774	14	the	the	DET
taxlaw-6680	774	15	first	first	ADJ
taxlaw-6680	774	16	year	year	NOUN
taxlaw-6680	774	17	of	of	ADP
taxlaw-6680	774	18	operation	operation	NOUN
taxlaw-6680	774	19	and	and	CCONJ
taxlaw-6680	774	20	is	be	AUX
taxlaw-6680	774	21	liquidated	liquidate	VERB
taxlaw-6680	774	22	at	at	ADP
taxlaw-6680	774	23	year	year	NOUN
taxlaw-6680	774	24	end	end	NOUN
taxlaw-6680	774	25	.	.	PUNCT
taxlaw-6680	775	1	a	a	PRON
taxlaw-6680	775	2	will	will	AUX
taxlaw-6680	775	3	receive	receive	VERB
taxlaw-6680	775	4	$	$	SYM
taxlaw-6680	775	5	110x	110x	NOUN
taxlaw-6680	775	6	in	in	ADP
taxlaw-6680	775	7	the	the	DET
taxlaw-6680	775	8	liquidation	liquidation	NOUN
taxlaw-6680	775	9	and	and	CCONJ
taxlaw-6680	775	10	b	b	NOUN
taxlaw-6680	775	11	will	will	AUX
taxlaw-6680	775	12	receive	receive	VERB
taxlaw-6680	775	13	nothing	nothing	PRON
taxlaw-6680	775	14	,	,	PUNCT
taxlaw-6680	775	15	essentially	essentially	ADV
taxlaw-6680	775	16	shifting	shift	VERB
taxlaw-6680	775	17	$	$	SYM
taxlaw-6680	775	18	5x	5x	NUM
taxlaw-6680	775	19	contributed	contribute	VERB
taxlaw-6680	775	20	capital	capital	NOUN
taxlaw-6680	775	21	from	from	ADP
taxlaw-6680	775	22	b	b	NOUN
taxlaw-6680	775	23	to	to	PART
taxlaw-6680	775	24	a.	a.	NOUN
taxlaw-6680	775	25	under	under	ADP
taxlaw-6680	775	26	the	the	DET
taxlaw-6680	775	27	primary	primary	ADJ
taxlaw-6680	775	28	test	test	NOUN
taxlaw-6680	775	29	,	,	PUNCT
taxlaw-6680	775	30	the	the	DET
taxlaw-6680	775	31	maximum	maximum	ADJ
taxlaw-6680	775	32	capital	capital	NOUN
taxlaw-6680	775	33	account	account	NOUN
taxlaw-6680	775	34	balance	balance	NOUN
taxlaw-6680	775	35	of	of	ADP
taxlaw-6680	775	36	a	a	PRON
taxlaw-6680	775	37	at	at	ADP
taxlaw-6680	775	38	the	the	DET
taxlaw-6680	775	39	time	time	NOUN
taxlaw-6680	775	40	of	of	ADP
taxlaw-6680	775	41	liquidation	liquidation	NOUN
taxlaw-6680	775	42	is	be	AUX
taxlaw-6680	775	43	$	$	SYM
taxlaw-6680	775	44	105x	105x	NUM
taxlaw-6680	775	45	since	since	SCONJ
taxlaw-6680	775	46	the	the	DET
taxlaw-6680	775	47	partnership	partnership	NOUN
taxlaw-6680	775	48	only	only	ADV
taxlaw-6680	775	49	has	have	VERB
taxlaw-6680	775	50	$	$	SYM
taxlaw-6680	775	51	5x	5x	NUM
taxlaw-6680	775	52	actual	actual	ADJ
taxlaw-6680	775	53	income	income	NOUN
taxlaw-6680	775	54	in	in	ADP
taxlaw-6680	775	55	the	the	DET
taxlaw-6680	775	56	first	first	ADJ
taxlaw-6680	775	57	year	year	NOUN
taxlaw-6680	775	58	,	,	PUNCT
taxlaw-6680	775	59	and	and	CCONJ
taxlaw-6680	775	60	simultaneous	simultaneous	ADJ
taxlaw-6680	775	61	creations	creation	NOUN
taxlaw-6680	775	62	of	of	ADP
taxlaw-6680	775	63	a	a	DET
taxlaw-6680	775	64	$	$	SYM
taxlaw-6680	775	65	5x	5x	NUM
taxlaw-6680	775	66	fictitious	fictitious	ADJ
taxlaw-6680	775	67	gain	gain	NOUN
taxlaw-6680	775	68	and	and	CCONJ
taxlaw-6680	775	69	a	a	DET
taxlaw-6680	775	70	$	$	SYM
taxlaw-6680	775	71	5	5	NUM
taxlaw-6680	775	72	fictitious	fictitious	ADJ
taxlaw-6680	775	73	loss	loss	NOUN
taxlaw-6680	775	74	are	be	AUX
taxlaw-6680	775	75	prohibited	prohibit	VERB
taxlaw-6680	775	76	.	.	PUNCT
taxlaw-6680	776	1	however	however	ADV
taxlaw-6680	776	2	,	,	PUNCT
taxlaw-6680	776	3	from	from	ADP
taxlaw-6680	776	4	an	an	DET
taxlaw-6680	776	5	economic	economic	ADJ
taxlaw-6680	776	6	perspective	perspective	NOUN
taxlaw-6680	776	7	,	,	PUNCT
taxlaw-6680	776	8	the	the	DET
taxlaw-6680	776	9	$	$	SYM
taxlaw-6680	776	10	5x	5x	NUM
taxlaw-6680	776	11	income	income	NOUN
taxlaw-6680	776	12	and	and	CCONJ
taxlaw-6680	776	13	$	$	SYM
taxlaw-6680	776	14	5x	5x	NUM
taxlaw-6680	776	15	loss	loss	NOUN
taxlaw-6680	776	16	are	be	AUX
taxlaw-6680	776	17	not	not	PART
taxlaw-6680	776	18	entirely	entirely	ADV
taxlaw-6680	776	19	“	"	PUNCT
taxlaw-6680	776	20	fictitious	fictitious	ADJ
taxlaw-6680	776	21	”	"	PUNCT
taxlaw-6680	776	22	because	because	SCONJ
taxlaw-6680	776	23	they	they	PRON
taxlaw-6680	776	24	reflect	reflect	VERB
taxlaw-6680	776	25	the	the	DET
taxlaw-6680	776	26	parties	party	NOUN
taxlaw-6680	776	27	’	'	PUNCT
taxlaw-6680	776	28	ex	ex	X
taxlaw-6680	776	29	ante	ante	NOUN
taxlaw-6680	776	30	assumption	assumption	NOUN
taxlaw-6680	776	31	of	of	ADP
taxlaw-6680	776	32	actual	actual	ADJ
taxlaw-6680	776	33	business	business	NOUN
taxlaw-6680	776	34	risks	risk	NOUN
taxlaw-6680	776	35	,	,	PUNCT
taxlaw-6680	776	36	and	and	CCONJ
taxlaw-6680	776	37	the	the	DET
taxlaw-6680	776	38	consequence	consequence	NOUN
taxlaw-6680	776	39	is	be	AUX
taxlaw-6680	776	40	not	not	PART
taxlaw-6680	776	41	merely	merely	ADV
taxlaw-6680	776	42	capital	capital	NOUN
taxlaw-6680	776	43	shifting	shift	VERB
taxlaw-6680	776	44	.	.	PUNCT
taxlaw-6680	777	1	specifically	specifically	ADV
taxlaw-6680	777	2	,	,	PUNCT
taxlaw-6680	777	3	the	the	DET
taxlaw-6680	777	4	parties	party	NOUN
taxlaw-6680	777	5	agree	agree	VERB
taxlaw-6680	777	6	that	that	SCONJ
taxlaw-6680	777	7	b	b	NOUN
taxlaw-6680	777	8	will	will	AUX
taxlaw-6680	777	9	assume	assume	VERB
taxlaw-6680	777	10	the	the	DET
taxlaw-6680	777	11	risk	risk	NOUN
taxlaw-6680	777	12	that	that	SCONJ
taxlaw-6680	777	13	the	the	DET
taxlaw-6680	777	14	partnership	partnership	NOUN
taxlaw-6680	777	15	will	will	AUX
taxlaw-6680	777	16	generate	generate	VERB
taxlaw-6680	777	17	a	a	DET
taxlaw-6680	777	18	net	net	ADJ
taxlaw-6680	777	19	income	income	NOUN
taxlaw-6680	777	20	of	of	ADP
taxlaw-6680	777	21	less	less	ADJ
taxlaw-6680	777	22	than	than	ADP
taxlaw-6680	777	23	$	$	SYM
taxlaw-6680	777	24	10x	10x	NUM
taxlaw-6680	777	25	,	,	PUNCT
taxlaw-6680	777	26	and	and	CCONJ
taxlaw-6680	777	27	b	b	NOUN
taxlaw-6680	777	28	’s	’s	ADJ
taxlaw-6680	777	29	concession	concession	NOUN
taxlaw-6680	777	30	on	on	ADP
taxlaw-6680	777	31	this	this	DET
taxlaw-6680	777	32	issue	issue	NOUN
taxlaw-6680	777	33	may	may	AUX
taxlaw-6680	777	34	be	be	AUX
taxlaw-6680	777	35	necessary	necessary	ADJ
taxlaw-6680	777	36	to	to	PART
taxlaw-6680	777	37	induce	induce	VERB
taxlaw-6680	777	38	a	a	DET
taxlaw-6680	777	39	,	,	PUNCT
taxlaw-6680	777	40	a	a	DET
taxlaw-6680	777	41	limited	limited	ADJ
taxlaw-6680	777	42	partner	partner	NOUN
taxlaw-6680	777	43	,	,	PUNCT
taxlaw-6680	777	44	to	to	PART
taxlaw-6680	777	45	invest	invest	VERB
taxlaw-6680	777	46	in	in	ADP
taxlaw-6680	777	47	the	the	DET
taxlaw-6680	777	48	partnership	partnership	NOUN
taxlaw-6680	777	49	’s	’s	PART
taxlaw-6680	777	50	business	business	NOUN
taxlaw-6680	777	51	.	.	PUNCT
taxlaw-6680	778	1	in	in	ADP
taxlaw-6680	778	2	other	other	ADJ
taxlaw-6680	778	3	words	word	NOUN
taxlaw-6680	778	4	,	,	PUNCT
taxlaw-6680	778	5	assuming	assume	VERB
taxlaw-6680	778	6	arm	arm	NOUN
taxlaw-6680	778	7	’s	’s	PART
taxlaw-6680	778	8	length	length	NOUN
taxlaw-6680	778	9	negotiations	negotiation	NOUN
taxlaw-6680	778	10	,	,	PUNCT
taxlaw-6680	778	11	a	a	DET
taxlaw-6680	778	12	’s	’s	ADJ
taxlaw-6680	778	13	$	$	SYM
taxlaw-6680	778	14	10x	10x	NUM
taxlaw-6680	778	15	total	total	ADJ
taxlaw-6680	778	16	gain	gain	NOUN
taxlaw-6680	778	17	on	on	ADP
taxlaw-6680	778	18	her	her	PRON
taxlaw-6680	778	19	invested	invest	VERB
taxlaw-6680	778	20	capital	capital	NOUN
taxlaw-6680	778	21	consists	consist	VERB
taxlaw-6680	778	22	of	of	ADP
taxlaw-6680	778	23	an	an	DET
taxlaw-6680	778	24	actual	actual	ADJ
taxlaw-6680	778	25	income	income	NOUN
taxlaw-6680	778	26	of	of	ADP
taxlaw-6680	778	27	$	$	SYM
taxlaw-6680	778	28	5x	5x	NUM
taxlaw-6680	778	29	and	and	CCONJ
taxlaw-6680	778	30	an	an	DET
taxlaw-6680	778	31	“	"	PUNCT
taxlaw-6680	778	32	imputed	impute	VERB
taxlaw-6680	778	33	”	"	PUNCT
taxlaw-6680	778	34	income	income	NOUN
taxlaw-6680	778	35	of	of	ADP
taxlaw-6680	778	36	$	$	SYM
taxlaw-6680	778	37	5x	5x	NOUN
taxlaw-6680	778	38	which	which	PRON
taxlaw-6680	778	39	reflects	reflect	VERB
taxlaw-6680	778	40	the	the	DET
taxlaw-6680	778	41	parties	party	NOUN
taxlaw-6680	778	42	’	'	PUNCT
taxlaw-6680	778	43	ex	ex	X
taxlaw-6680	778	44	ante	ante	NOUN
taxlaw-6680	778	45	expectations	expectation	NOUN
taxlaw-6680	778	46	about	about	ADP
taxlaw-6680	778	47	the	the	DET
taxlaw-6680	778	48	amount	amount	NOUN
taxlaw-6680	778	49	a	a	PRON
taxlaw-6680	778	50	would	would	AUX
taxlaw-6680	778	51	earn	earn	VERB
taxlaw-6680	778	52	by	by	ADP
taxlaw-6680	778	53	investing	invest	VERB
taxlaw-6680	778	54	in	in	ADP
taxlaw-6680	778	55	an	an	DET
taxlaw-6680	778	56	alternative	alternative	ADJ
taxlaw-6680	778	57	business	business	NOUN
taxlaw-6680	778	58	with	with	ADP
taxlaw-6680	778	59	comparable	comparable	ADJ
taxlaw-6680	778	60	risks	risk	NOUN
taxlaw-6680	778	61	.	.	PUNCT
taxlaw-6680	779	1	accordingly	accordingly	ADV
taxlaw-6680	779	2	,	,	PUNCT
taxlaw-6680	779	3	b	b	X
taxlaw-6680	779	4	’s	’s	NUM
taxlaw-6680	779	5	$	$	SYM
taxlaw-6680	779	6	10x	10x	NUM
taxlaw-6680	779	7	total	total	ADJ
taxlaw-6680	779	8	loss	loss	NOUN
taxlaw-6680	779	9	on	on	ADP
taxlaw-6680	779	10	her	her	PRON
taxlaw-6680	779	11	invested	invest	VERB
taxlaw-6680	779	12	capital	capital	NOUN
taxlaw-6680	779	13	consists	consist	VERB
taxlaw-6680	779	14	of	of	ADP
taxlaw-6680	779	15	a	a	DET
taxlaw-6680	779	16	$	$	SYM
taxlaw-6680	779	17	5x	5x	NUM
taxlaw-6680	779	18	actual	actual	ADJ
taxlaw-6680	779	19	loss	loss	NOUN
taxlaw-6680	779	20	and	and	CCONJ
taxlaw-6680	779	21	a	a	DET
taxlaw-6680	779	22	$	$	SYM
taxlaw-6680	779	23	5x	5x	NOUN
taxlaw-6680	779	24	“	"	PUNCT
taxlaw-6680	779	25	opportunity	opportunity	NOUN
taxlaw-6680	779	26	cost	cost	NOUN
taxlaw-6680	779	27	”	"	PUNCT
taxlaw-6680	779	28	that	that	PRON
taxlaw-6680	779	29	a	a	PRON
taxlaw-6680	779	30	has	have	AUX
taxlaw-6680	779	31	incurred	incur	VERB
taxlaw-6680	779	32	by	by	ADP
taxlaw-6680	779	33	investing	invest	VERB
taxlaw-6680	779	34	in	in	ADP
taxlaw-6680	779	35	the	the	DET
taxlaw-6680	779	36	partnership	partnership	NOUN
taxlaw-6680	779	37	’s	’s	PART
taxlaw-6680	779	38	business	business	NOUN
taxlaw-6680	779	39	which	which	PRON
taxlaw-6680	779	40	b	b	NOUN
taxlaw-6680	779	41	has	have	AUX
taxlaw-6680	779	42	agreed	agree	VERB
taxlaw-6680	779	43	to	to	PART
taxlaw-6680	779	44	assume	assume	VERB
taxlaw-6680	779	45	.	.	PUNCT
taxlaw-6680	780	1	there	there	PRON
taxlaw-6680	780	2	is	be	VERB
taxlaw-6680	780	3	also	also	ADV
taxlaw-6680	780	4	unlikely	unlikely	ADJ
taxlaw-6680	780	5	to	to	PART
taxlaw-6680	780	6	be	be	AUX
taxlaw-6680	780	7	a	a	DET
taxlaw-6680	780	8	tax	tax	NOUN
taxlaw-6680	780	9	avoidance	avoidance	NOUN
taxlaw-6680	780	10	motive	motive	NOUN
taxlaw-6680	780	11	here	here	ADV
taxlaw-6680	780	12	.	.	PUNCT
taxlaw-6680	781	1	first	first	ADV
taxlaw-6680	781	2	,	,	PUNCT
taxlaw-6680	781	3	the	the	DET
taxlaw-6680	781	4	partnership	partnership	NOUN
taxlaw-6680	781	5	agreement	agreement	NOUN
taxlaw-6680	781	6	specifies	specify	VERB
taxlaw-6680	781	7	an	an	DET
taxlaw-6680	781	8	economic	economic	ADJ
taxlaw-6680	781	9	target	target	NOUN
taxlaw-6680	781	10	in	in	ADP
taxlaw-6680	781	11	liquidation	liquidation	NOUN
taxlaw-6680	781	12	first	first	ADV
taxlaw-6680	781	13	and	and	CCONJ
taxlaw-6680	781	14	then	then	ADV
taxlaw-6680	781	15	simply	simply	ADV
taxlaw-6680	781	16	requires	require	VERB
taxlaw-6680	781	17	an	an	DET
taxlaw-6680	781	18	allocation	allocation	NOUN
taxlaw-6680	781	19	of	of	ADP
taxlaw-6680	781	20	partnership	partnership	NOUN
taxlaw-6680	781	21	items	item	NOUN
taxlaw-6680	781	22	to	to	PART
taxlaw-6680	781	23	reflect	reflect	VERB
taxlaw-6680	781	24	that	that	DET
taxlaw-6680	781	25	liquidation	liquidation	NOUN
taxlaw-6680	781	26	target	target	NOUN
taxlaw-6680	781	27	.	.	PUNCT
taxlaw-6680	782	1	second	second	ADJ
taxlaw-6680	782	2	,	,	PUNCT
taxlaw-6680	782	3	the	the	DET
taxlaw-6680	782	4	guaranteed	guarantee	VERB
taxlaw-6680	782	5	10	10	NUM
taxlaw-6680	782	6	%	%	NOUN
taxlaw-6680	782	7	return	return	NOUN
taxlaw-6680	782	8	on	on	ADP
taxlaw-6680	782	9	invested	invest	VERB
taxlaw-6680	782	10	capital	capital	NOUN
taxlaw-6680	782	11	seems	seem	VERB
taxlaw-6680	782	12	to	to	PART
taxlaw-6680	782	13	be	be	AUX
taxlaw-6680	782	14	a	a	DET
taxlaw-6680	782	15	reasonable	reasonable	ADJ
taxlaw-6680	782	16	amount	amount	NOUN
taxlaw-6680	782	17	and	and	CCONJ
taxlaw-6680	782	18	consistent	consistent	ADJ
taxlaw-6680	782	19	with	with	ADP
taxlaw-6680	782	20	a	a	DET
taxlaw-6680	782	21	’s	’s	ADJ
taxlaw-6680	782	22	role	role	NOUN
taxlaw-6680	782	23	as	as	ADP
taxlaw-6680	782	24	a	a	DET
taxlaw-6680	782	25	limited	limited	ADJ
taxlaw-6680	782	26	partner	partner	NOUN
taxlaw-6680	782	27	with	with	ADP
taxlaw-6680	782	28	no	no	DET
taxlaw-6680	782	29	management	management	NOUN
taxlaw-6680	782	30	rights	right	NOUN
taxlaw-6680	782	31	.	.	PUNCT
taxlaw-6680	783	1	thus	thus	ADV
taxlaw-6680	783	2	,	,	PUNCT
taxlaw-6680	783	3	the	the	DET
taxlaw-6680	783	4	allocation	allocation	NOUN
taxlaw-6680	783	5	should	should	AUX
taxlaw-6680	783	6	be	be	AUX
taxlaw-6680	783	7	respected	respect	VERB
taxlaw-6680	783	8	for	for	ADP
taxlaw-6680	783	9	tax	tax	NOUN
taxlaw-6680	783	10	purposes	purpose	NOUN
taxlaw-6680	783	11	;	;	PUNCT
taxlaw-6680	783	12	otherwise	otherwise	ADV
taxlaw-6680	783	13	,	,	PUNCT
taxlaw-6680	783	14	an	an	DET
taxlaw-6680	783	15	efficient	efficient	ADJ
taxlaw-6680	783	16	business	business	NOUN
taxlaw-6680	783	17	arrangement	arrangement	NOUN
taxlaw-6680	783	18	may	may	AUX
taxlaw-6680	783	19	be	be	AUX
taxlaw-6680	783	20	disturbed	disturb	VERB
taxlaw-6680	783	21	because	because	SCONJ
taxlaw-6680	783	22	of	of	ADP
taxlaw-6680	783	23	an	an	DET
taxlaw-6680	783	24	arbitrarily	arbitrarily	ADV
taxlaw-6680	783	25	created	create	VERB
taxlaw-6680	783	26	disparity	disparity	NOUN
taxlaw-6680	783	27	between	between	ADP
taxlaw-6680	783	28	pre	pre	NOUN
taxlaw-6680	783	29	-	-	NOUN
taxlaw-6680	783	30	tax	tax	NOUN
taxlaw-6680	783	31	and	and	CCONJ
taxlaw-6680	783	32	after	after	ADP
taxlaw-6680	783	33	-	-	PUNCT
taxlaw-6680	783	34	tax	tax	NOUN
taxlaw-6680	783	35	consequences	consequence	NOUN
taxlaw-6680	783	36	.	.	PUNCT
taxlaw-6680	784	1	to	to	PART
taxlaw-6680	784	2	fully	fully	ADV
taxlaw-6680	784	3	reflect	reflect	VERB
taxlaw-6680	784	4	the	the	DET
taxlaw-6680	784	5	parties	party	NOUN
taxlaw-6680	784	6	’	'	PUNCT
taxlaw-6680	784	7	economic	economic	ADJ
taxlaw-6680	784	8	arrangement	arrangement	NOUN
taxlaw-6680	784	9	in	in	ADP
taxlaw-6680	784	10	tax	tax	NOUN
taxlaw-6680	784	11	,	,	PUNCT
taxlaw-6680	784	12	the	the	DET
taxlaw-6680	784	13	service	service	NOUN
taxlaw-6680	784	14	should	should	AUX
taxlaw-6680	784	15	consider	consider	VERB
taxlaw-6680	784	16	disregarding	disregard	VERB
taxlaw-6680	784	17	the	the	DET
taxlaw-6680	784	18	“	"	PUNCT
taxlaw-6680	784	19	ceiling	ceiling	NOUN
taxlaw-6680	784	20	rule	rule	NOUN
taxlaw-6680	784	21	”	"	PUNCT
taxlaw-6680	784	22	under	under	ADP
taxlaw-6680	784	23	section	section	NOUN
taxlaw-6680	784	24	1.704	1.704	NUM
taxlaw-6680	784	25	-	-	SYM
taxlaw-6680	784	26	1(b)(2)(iv	1(b)(2)(iv	NUM
taxlaw-6680	784	27	)	)	PUNCT
taxlaw-6680	784	28	in	in	ADP
taxlaw-6680	784	29	this	this	DET
taxlaw-6680	784	30	case	case	NOUN
taxlaw-6680	784	31	and	and	CCONJ
taxlaw-6680	784	32	treating	treat	VERB
taxlaw-6680	784	33	the	the	DET
taxlaw-6680	784	34	$	$	SYM
taxlaw-6680	784	35	5x	5x	NUM
taxlaw-6680	784	36	fictitious	fictitious	ADJ
taxlaw-6680	784	37	gain	gain	NOUN
taxlaw-6680	784	38	and	and	CCONJ
taxlaw-6680	784	39	loss	loss	NOUN
taxlaw-6680	784	40	as	as	SCONJ
taxlaw-6680	784	41	if	if	SCONJ
taxlaw-6680	784	42	they	they	PRON
taxlaw-6680	784	43	are	be	AUX
taxlaw-6680	784	44	actually	actually	ADV
taxlaw-6680	784	45	realized	realize	VERB
taxlaw-6680	784	46	and	and	CCONJ
taxlaw-6680	784	47	recognized	recognize	VERB
taxlaw-6680	784	48	by	by	ADP
taxlaw-6680	784	49	the	the	DET
taxlaw-6680	784	50	partnership	partnership	NOUN
taxlaw-6680	784	51	.	.	PUNCT
taxlaw-6680	785	1	as	as	ADP
taxlaw-6680	785	2	a	a	DET
taxlaw-6680	785	3	result	result	NOUN
taxlaw-6680	785	4	,	,	PUNCT
taxlaw-6680	785	5	the	the	DET
taxlaw-6680	785	6	allocation	allocation	NOUN
taxlaw-6680	785	7	would	would	AUX
taxlaw-6680	785	8	have	have	VERB
taxlaw-6680	785	9	economic	economic	ADJ
taxlaw-6680	785	10	effect	effect	NOUN
taxlaw-6680	785	11	under	under	ADP
taxlaw-6680	785	12	the	the	DET
taxlaw-6680	785	13	eee	eee	NOUN
taxlaw-6680	785	14	test	test	NOUN
taxlaw-6680	785	15	.	.	PUNCT
taxlaw-6680	786	1	by	by	ADP
taxlaw-6680	786	2	disregarding	disregard	VERB
taxlaw-6680	786	3	the	the	DET
taxlaw-6680	786	4	“	"	PUNCT
taxlaw-6680	786	5	ceiling	ceiling	NOUN
taxlaw-6680	786	6	”	"	PUNCT
taxlaw-6680	786	7	rule	rule	NOUN
taxlaw-6680	786	8	in	in	ADP
taxlaw-6680	786	9	an	an	DET
taxlaw-6680	786	10	allocation	allocation	NOUN
taxlaw-6680	786	11	that	that	PRON
taxlaw-6680	786	12	permits	permit	VERB
taxlaw-6680	786	13	capital	capital	NOUN
taxlaw-6680	786	14	shifting	shift	VERB
taxlaw-6680	786	15	but	but	CCONJ
taxlaw-6680	786	16	has	have	VERB
taxlaw-6680	786	17	a	a	DET
taxlaw-6680	786	18	bona	bona	ADJ
taxlaw-6680	786	19	fide	fide	ADJ
taxlaw-6680	786	20	business	business	NOUN
taxlaw-6680	786	21	purpose	purpose	NOUN
taxlaw-6680	786	22	and	and	CCONJ
taxlaw-6680	786	23	no	no	DET
taxlaw-6680	786	24	tax	tax	NOUN
taxlaw-6680	786	25	avoidance	avoidance	NOUN
taxlaw-6680	786	26	motive	motive	NOUN
taxlaw-6680	786	27	,	,	PUNCT
taxlaw-6680	786	28	the	the	DET
taxlaw-6680	786	29	service	service	NOUN
taxlaw-6680	786	30	would	would	AUX
taxlaw-6680	786	31	correctly	correctly	ADV
taxlaw-6680	786	32	treat	treat	VERB
taxlaw-6680	786	33	a	a	DET
taxlaw-6680	786	34	fictitious	fictitious	ADJ
taxlaw-6680	786	35	gain	gain	NOUN
taxlaw-6680	786	36	implied	imply	VERB
taxlaw-6680	786	37	ex	ex	PRON
taxlaw-6680	786	38	post	post	NOUN
taxlaw-6680	786	39	2019	2019	NUM
taxlaw-6680	786	40	]	]	PUNCT
taxlaw-6680	786	41	a	a	DET
taxlaw-6680	786	42	gain	gain	NOUN
taxlaw-6680	786	43	must	must	AUX
taxlaw-6680	786	44	lie	lie	VERB
taxlaw-6680	786	45	where	where	SCONJ
taxlaw-6680	786	46	it	it	PRON
taxlaw-6680	786	47	falls	fall	VERB
taxlaw-6680	786	48	:	:	PUNCT
taxlaw-6680	786	49	matching	match	VERB
taxlaw-6680	786	50	tax	tax	NOUN
taxlaw-6680	786	51	with	with	ADP
taxlaw-6680	786	52	economics	economic	NOUN
taxlaw-6680	786	53	in	in	ADP
taxlaw-6680	786	54	subchapter	subchapter	NOUN
taxlaw-6680	786	55	k	k	PROPN
taxlaw-6680	786	56	135	135	NUM
taxlaw-6680	786	57	as	as	ADP
taxlaw-6680	786	58	an	an	DET
taxlaw-6680	786	59	actual	actual	ADJ
taxlaw-6680	786	60	economic	economic	ADJ
taxlaw-6680	786	61	gain	gain	NOUN
taxlaw-6680	786	62	expected	expect	VERB
taxlaw-6680	786	63	ex	ex	PRON
taxlaw-6680	786	64	ante	ante	NOUN
taxlaw-6680	786	65	,	,	PUNCT
taxlaw-6680	786	66	and	and	CCONJ
taxlaw-6680	786	67	a	a	DET
taxlaw-6680	786	68	fictitious	fictitious	ADJ
taxlaw-6680	786	69	loss	loss	NOUN
taxlaw-6680	786	70	implied	imply	VERB
taxlaw-6680	786	71	ex	ex	PRON
taxlaw-6680	786	72	post	post	NOUN
taxlaw-6680	786	73	as	as	ADP
taxlaw-6680	786	74	an	an	DET
taxlaw-6680	786	75	actual	actual	ADJ
taxlaw-6680	786	76	cost	cost	NOUN
taxlaw-6680	786	77	incurred	incur	VERB
taxlaw-6680	786	78	by	by	ADP
taxlaw-6680	786	79	a	a	DET
taxlaw-6680	786	80	party	party	NOUN
taxlaw-6680	786	81	to	to	PART
taxlaw-6680	786	82	assume	assume	VERB
taxlaw-6680	786	83	a	a	DET
taxlaw-6680	786	84	business	business	NOUN
taxlaw-6680	786	85	risk	risk	NOUN
taxlaw-6680	786	86	ex	ex	X
taxlaw-6680	786	87	ante	ante	NOUN
taxlaw-6680	786	88	.	.	PUNCT
taxlaw-6680	787	1	on	on	ADP
taxlaw-6680	787	2	the	the	DET
taxlaw-6680	787	3	other	other	ADJ
taxlaw-6680	787	4	hand	hand	NOUN
taxlaw-6680	787	5	,	,	PUNCT
taxlaw-6680	787	6	capital	capital	NOUN
taxlaw-6680	787	7	shifting	shift	VERB
taxlaw-6680	787	8	can	can	AUX
taxlaw-6680	787	9	theoretically	theoretically	ADV
taxlaw-6680	787	10	be	be	AUX
taxlaw-6680	787	11	used	use	VERB
taxlaw-6680	787	12	as	as	ADP
taxlaw-6680	787	13	a	a	DET
taxlaw-6680	787	14	tax	tax	NOUN
taxlaw-6680	787	15	avoidance	avoidance	NOUN
taxlaw-6680	787	16	device	device	NOUN
taxlaw-6680	787	17	to	to	PART
taxlaw-6680	787	18	allocate	allocate	VERB
taxlaw-6680	787	19	partnership	partnership	NOUN
taxlaw-6680	787	20	items	item	NOUN
taxlaw-6680	787	21	solely	solely	ADV
taxlaw-6680	787	22	for	for	ADP
taxlaw-6680	787	23	tax	tax	NOUN
taxlaw-6680	787	24	purposes	purpose	NOUN
taxlaw-6680	787	25	.	.	PUNCT
taxlaw-6680	788	1	consider	consider	VERB
taxlaw-6680	788	2	the	the	DET
taxlaw-6680	788	3	following	follow	VERB
taxlaw-6680	788	4	example	example	NOUN
taxlaw-6680	788	5	.	.	PUNCT
taxlaw-6680	789	1	example	example	NOUN
taxlaw-6680	790	1	eleven	eleven	NUM
taxlaw-6680	790	2	at	at	ADP
taxlaw-6680	790	3	the	the	DET
taxlaw-6680	790	4	beginning	beginning	NOUN
taxlaw-6680	790	5	of	of	ADP
taxlaw-6680	790	6	year	year	NOUN
taxlaw-6680	790	7	1	1	NUM
taxlaw-6680	790	8	,	,	PUNCT
taxlaw-6680	790	9	a	a	PRON
taxlaw-6680	790	10	and	and	CCONJ
taxlaw-6680	790	11	b	b	NOUN
taxlaw-6680	790	12	each	each	PRON
taxlaw-6680	790	13	contributes	contribute	VERB
taxlaw-6680	790	14	$	$	SYM
taxlaw-6680	790	15	200x	200x	NUM
taxlaw-6680	790	16	to	to	PART
taxlaw-6680	790	17	form	form	VERB
taxlaw-6680	790	18	partnership	partnership	PROPN
taxlaw-6680	790	19	ab	ab	PROPN
taxlaw-6680	790	20	.	.	PUNCT
taxlaw-6680	791	1	a	a	PRON
taxlaw-6680	791	2	has	have	VERB
taxlaw-6680	791	3	a	a	DET
taxlaw-6680	791	4	net	net	ADJ
taxlaw-6680	791	5	operating	operating	NOUN
taxlaw-6680	791	6	loss	loss	NOUN
taxlaw-6680	791	7	(	(	PUNCT
taxlaw-6680	791	8	nol	nol	NOUN
taxlaw-6680	791	9	)	)	PUNCT
taxlaw-6680	791	10	carryover	carryover	NOUN
taxlaw-6680	791	11	that	that	PRON
taxlaw-6680	791	12	is	be	AUX
taxlaw-6680	791	13	about	about	ADJ
taxlaw-6680	791	14	to	to	PART
taxlaw-6680	791	15	expire	expire	VERB
taxlaw-6680	791	16	.	.	PUNCT
taxlaw-6680	792	1	the	the	DET
taxlaw-6680	792	2	partnership	partnership	NOUN
taxlaw-6680	792	3	agreement	agreement	NOUN
taxlaw-6680	792	4	provides	provide	VERB
taxlaw-6680	792	5	that	that	SCONJ
taxlaw-6680	792	6	(	(	PUNCT
taxlaw-6680	792	7	1	1	X
taxlaw-6680	792	8	)	)	PUNCT
taxlaw-6680	792	9	in	in	ADP
taxlaw-6680	792	10	a	a	DET
taxlaw-6680	792	11	liquidation	liquidation	NOUN
taxlaw-6680	792	12	before	before	ADP
taxlaw-6680	792	13	the	the	DET
taxlaw-6680	792	14	end	end	NOUN
taxlaw-6680	792	15	of	of	ADP
taxlaw-6680	792	16	year	year	NOUN
taxlaw-6680	792	17	2	2	NUM
taxlaw-6680	792	18	,	,	PUNCT
taxlaw-6680	792	19	a	a	PRON
taxlaw-6680	792	20	is	be	AUX
taxlaw-6680	792	21	entitled	entitle	VERB
taxlaw-6680	792	22	to	to	ADP
taxlaw-6680	792	23	recovery	recovery	NOUN
taxlaw-6680	792	24	of	of	ADP
taxlaw-6680	792	25	capital	capital	NOUN
taxlaw-6680	792	26	plus	plus	CCONJ
taxlaw-6680	792	27	a	a	DET
taxlaw-6680	792	28	100	100	NUM
taxlaw-6680	792	29	%	%	NOUN
taxlaw-6680	792	30	return	return	NOUN
taxlaw-6680	792	31	on	on	ADP
taxlaw-6680	792	32	invested	invest	VERB
taxlaw-6680	792	33	capital	capital	NOUN
taxlaw-6680	792	34	before	before	SCONJ
taxlaw-6680	792	35	b	b	PROPN
taxlaw-6680	792	36	recovers	recover	VERB
taxlaw-6680	792	37	capital	capital	NOUN
taxlaw-6680	792	38	,	,	PUNCT
taxlaw-6680	792	39	and	and	CCONJ
taxlaw-6680	792	40	any	any	DET
taxlaw-6680	792	41	remaining	remain	VERB
taxlaw-6680	792	42	net	net	ADJ
taxlaw-6680	792	43	assets	asset	NOUN
taxlaw-6680	792	44	are	be	AUX
taxlaw-6680	792	45	shared	share	VERB
taxlaw-6680	792	46	equally	equally	ADV
taxlaw-6680	792	47	between	between	ADP
taxlaw-6680	792	48	a	a	PRON
taxlaw-6680	792	49	and	and	CCONJ
taxlaw-6680	792	50	b	b	NOUN
taxlaw-6680	792	51	;	;	PUNCT
taxlaw-6680	792	52	(	(	PUNCT
taxlaw-6680	792	53	2	2	X
taxlaw-6680	792	54	)	)	PUNCT
taxlaw-6680	792	55	in	in	ADP
taxlaw-6680	792	56	a	a	DET
taxlaw-6680	792	57	liquidation	liquidation	NOUN
taxlaw-6680	792	58	after	after	ADP
taxlaw-6680	792	59	the	the	DET
taxlaw-6680	792	60	end	end	NOUN
taxlaw-6680	792	61	of	of	ADP
taxlaw-6680	792	62	year	year	NOUN
taxlaw-6680	792	63	2	2	NUM
taxlaw-6680	792	64	,	,	PUNCT
taxlaw-6680	792	65	b	b	NOUN
taxlaw-6680	792	66	is	be	AUX
taxlaw-6680	792	67	entitled	entitle	VERB
taxlaw-6680	792	68	to	to	ADP
taxlaw-6680	792	69	recovery	recovery	NOUN
taxlaw-6680	792	70	of	of	ADP
taxlaw-6680	792	71	capital	capital	NOUN
taxlaw-6680	792	72	before	before	ADP
taxlaw-6680	792	73	a	a	DET
taxlaw-6680	792	74	recovers	recover	NOUN
taxlaw-6680	792	75	her	her	PRON
taxlaw-6680	792	76	capital	capital	NOUN
taxlaw-6680	792	77	,	,	PUNCT
taxlaw-6680	792	78	and	and	CCONJ
taxlaw-6680	792	79	any	any	DET
taxlaw-6680	792	80	remaining	remain	VERB
taxlaw-6680	792	81	net	net	ADJ
taxlaw-6680	792	82	assets	asset	NOUN
taxlaw-6680	792	83	are	be	AUX
taxlaw-6680	792	84	shared	share	VERB
taxlaw-6680	792	85	equally	equally	ADV
taxlaw-6680	792	86	between	between	ADP
taxlaw-6680	792	87	a	a	PRON
taxlaw-6680	792	88	and	and	CCONJ
taxlaw-6680	792	89	b	b	NOUN
taxlaw-6680	792	90	;	;	PUNCT
taxlaw-6680	792	91	(	(	PUNCT
taxlaw-6680	792	92	3	3	X
taxlaw-6680	792	93	)	)	PUNCT
taxlaw-6680	792	94	voluntary	voluntary	ADJ
taxlaw-6680	792	95	liquidation	liquidation	NOUN
taxlaw-6680	792	96	of	of	ADP
taxlaw-6680	792	97	the	the	DET
taxlaw-6680	792	98	partnership	partnership	NOUN
taxlaw-6680	792	99	requires	require	VERB
taxlaw-6680	792	100	mutual	mutual	ADJ
taxlaw-6680	792	101	consent	consent	NOUN
taxlaw-6680	792	102	of	of	ADP
taxlaw-6680	792	103	both	both	CCONJ
taxlaw-6680	792	104	a	a	PRON
taxlaw-6680	792	105	and	and	CCONJ
taxlaw-6680	792	106	b	b	NOUN
taxlaw-6680	792	107	;	;	PUNCT
taxlaw-6680	792	108	(	(	PUNCT
taxlaw-6680	792	109	4	4	X
taxlaw-6680	792	110	)	)	PUNCT
taxlaw-6680	792	111	all	all	DET
taxlaw-6680	792	112	partnership	partnership	NOUN
taxlaw-6680	792	113	items	item	NOUN
taxlaw-6680	792	114	must	must	AUX
taxlaw-6680	792	115	be	be	AUX
taxlaw-6680	792	116	allocated	allocate	VERB
taxlaw-6680	792	117	in	in	ADP
taxlaw-6680	792	118	accordance	accordance	NOUN
taxlaw-6680	792	119	with	with	ADP
taxlaw-6680	792	120	the	the	DET
taxlaw-6680	792	121	allocation	allocation	NOUN
taxlaw-6680	792	122	of	of	ADP
taxlaw-6680	792	123	net	net	ADJ
taxlaw-6680	792	124	assets	asset	NOUN
taxlaw-6680	792	125	in	in	ADP
taxlaw-6680	792	126	a	a	DET
taxlaw-6680	792	127	liquidation	liquidation	NOUN
taxlaw-6680	792	128	.	.	PUNCT
taxlaw-6680	793	1	the	the	DET
taxlaw-6680	793	2	allocation	allocation	NOUN
taxlaw-6680	793	3	obviously	obviously	ADV
taxlaw-6680	793	4	does	do	AUX
taxlaw-6680	793	5	n’t	not	PART
taxlaw-6680	793	6	satisfy	satisfy	VERB
taxlaw-6680	793	7	the	the	DET
taxlaw-6680	793	8	primary	primary	ADJ
taxlaw-6680	793	9	test	test	NOUN
taxlaw-6680	793	10	.	.	PUNCT
taxlaw-6680	794	1	in	in	ADP
taxlaw-6680	794	2	this	this	DET
taxlaw-6680	794	3	extreme	extreme	ADJ
taxlaw-6680	794	4	example	example	NOUN
taxlaw-6680	794	5	,	,	PUNCT
taxlaw-6680	794	6	there	there	PRON
taxlaw-6680	794	7	is	be	VERB
taxlaw-6680	794	8	arguably	arguably	ADV
taxlaw-6680	794	9	a	a	DET
taxlaw-6680	794	10	tax	tax	NOUN
taxlaw-6680	794	11	avoidance	avoidance	NOUN
taxlaw-6680	794	12	motive	motive	NOUN
taxlaw-6680	794	13	,	,	PUNCT
taxlaw-6680	794	14	because	because	SCONJ
taxlaw-6680	794	15	a	a	DET
taxlaw-6680	794	16	100	100	NUM
taxlaw-6680	794	17	%	%	NOUN
taxlaw-6680	794	18	return	return	NOUN
taxlaw-6680	794	19	on	on	ADP
taxlaw-6680	794	20	invested	invest	VERB
taxlaw-6680	794	21	capital	capital	NOUN
taxlaw-6680	794	22	in	in	ADP
taxlaw-6680	794	23	the	the	DET
taxlaw-6680	794	24	first	first	ADJ
taxlaw-6680	794	25	year	year	NOUN
taxlaw-6680	794	26	of	of	ADP
taxlaw-6680	794	27	operation	operation	NOUN
taxlaw-6680	794	28	is	be	AUX
taxlaw-6680	794	29	not	not	PART
taxlaw-6680	794	30	supported	support	VERB
taxlaw-6680	794	31	by	by	ADP
taxlaw-6680	794	32	any	any	DET
taxlaw-6680	794	33	market	market	NOUN
taxlaw-6680	794	34	reality	reality	NOUN
taxlaw-6680	794	35	,	,	PUNCT
taxlaw-6680	794	36	the	the	DET
taxlaw-6680	794	37	partners	partner	NOUN
taxlaw-6680	794	38	never	never	ADV
taxlaw-6680	794	39	expect	expect	VERB
taxlaw-6680	794	40	to	to	PART
taxlaw-6680	794	41	voluntarily	voluntarily	ADV
taxlaw-6680	794	42	liquidate	liquidate	VERB
taxlaw-6680	794	43	the	the	DET
taxlaw-6680	794	44	partnership	partnership	NOUN
taxlaw-6680	794	45	within	within	ADP
taxlaw-6680	794	46	the	the	DET
taxlaw-6680	794	47	first	first	ADJ
taxlaw-6680	794	48	two	two	NUM
taxlaw-6680	794	49	years	year	NOUN
taxlaw-6680	794	50	of	of	ADP
taxlaw-6680	794	51	operation	operation	NOUN
taxlaw-6680	794	52	,	,	PUNCT
taxlaw-6680	794	53	and	and	CCONJ
taxlaw-6680	794	54	a	a	DET
taxlaw-6680	794	55	’s	’s	NOUN
taxlaw-6680	794	56	tax	tax	NOUN
taxlaw-6680	794	57	attribute	attribute	NOUN
taxlaw-6680	794	58	(	(	PUNCT
taxlaw-6680	794	59	an	an	DET
taxlaw-6680	794	60	expiring	expire	VERB
taxlaw-6680	794	61	nol	nol	NOUN
taxlaw-6680	794	62	carryover	carryover	NOUN
taxlaw-6680	794	63	)	)	PUNCT
taxlaw-6680	794	64	unrelated	unrelated	ADJ
taxlaw-6680	794	65	to	to	ADP
taxlaw-6680	794	66	the	the	DET
taxlaw-6680	794	67	partnership	partnership	NOUN
taxlaw-6680	794	68	works	work	VERB
taxlaw-6680	794	69	too	too	ADV
taxlaw-6680	794	70	well	well	ADV
taxlaw-6680	794	71	with	with	ADP
taxlaw-6680	794	72	the	the	DET
taxlaw-6680	794	73	arrangement	arrangement	NOUN
taxlaw-6680	794	74	.	.	PUNCT
taxlaw-6680	795	1	the	the	DET
taxlaw-6680	795	2	sole	sole	ADJ
taxlaw-6680	795	3	purpose	purpose	NOUN
taxlaw-6680	795	4	of	of	ADP
taxlaw-6680	795	5	the	the	DET
taxlaw-6680	795	6	parties	party	NOUN
taxlaw-6680	795	7	’	'	PUNCT
taxlaw-6680	795	8	arrangement	arrangement	NOUN
taxlaw-6680	795	9	is	be	AUX
taxlaw-6680	795	10	to	to	PART
taxlaw-6680	795	11	create	create	VERB
taxlaw-6680	795	12	a	a	DET
taxlaw-6680	795	13	fictitious	fictitious	ADJ
taxlaw-6680	795	14	loss	loss	NOUN
taxlaw-6680	795	15	for	for	ADP
taxlaw-6680	795	16	a	a	DET
taxlaw-6680	795	17	in	in	ADP
taxlaw-6680	795	18	year	year	NOUN
taxlaw-6680	795	19	1	1	NUM
taxlaw-6680	795	20	and	and	CCONJ
taxlaw-6680	795	21	to	to	PART
taxlaw-6680	795	22	reverse	reverse	VERB
taxlaw-6680	795	23	the	the	DET
taxlaw-6680	795	24	amount	amount	NOUN
taxlaw-6680	795	25	in	in	ADP
taxlaw-6680	795	26	year	year	NOUN
taxlaw-6680	795	27	2	2	NUM
taxlaw-6680	795	28	.	.	PUNCT
taxlaw-6680	795	29	assuming	assume	VERB
taxlaw-6680	795	30	that	that	SCONJ
taxlaw-6680	795	31	the	the	DET
taxlaw-6680	795	32	partnership	partnership	NOUN
taxlaw-6680	795	33	breaks	break	VERB
taxlaw-6680	795	34	even	even	ADV
taxlaw-6680	795	35	in	in	ADP
taxlaw-6680	795	36	both	both	DET
taxlaw-6680	795	37	year	year	NOUN
taxlaw-6680	795	38	1	1	NUM
taxlaw-6680	795	39	and	and	CCONJ
taxlaw-6680	795	40	year	year	NOUN
taxlaw-6680	795	41	2	2	NUM
taxlaw-6680	795	42	with	with	ADP
taxlaw-6680	795	43	$	$	SYM
taxlaw-6680	795	44	100x	100x	NUM
taxlaw-6680	795	45	income	income	NOUN
taxlaw-6680	795	46	and	and	CCONJ
taxlaw-6680	795	47	$	$	SYM
taxlaw-6680	795	48	100x	100x	NUM
taxlaw-6680	795	49	expense	expense	NOUN
taxlaw-6680	795	50	.	.	PUNCT
taxlaw-6680	796	1	at	at	ADP
taxlaw-6680	796	2	the	the	DET
taxlaw-6680	796	3	end	end	NOUN
taxlaw-6680	796	4	of	of	ADP
taxlaw-6680	796	5	year	year	NOUN
taxlaw-6680	796	6	1	1	NUM
taxlaw-6680	796	7	,	,	PUNCT
taxlaw-6680	796	8	a	a	PRON
taxlaw-6680	796	9	is	be	AUX
taxlaw-6680	796	10	deemed	deem	VERB
taxlaw-6680	796	11	to	to	PART
taxlaw-6680	796	12	have	have	AUX
taxlaw-6680	796	13	received	receive	VERB
taxlaw-6680	796	14	$	$	SYM
taxlaw-6680	796	15	100x	100x	NUM
taxlaw-6680	796	16	actual	actual	ADJ
taxlaw-6680	796	17	loss	loss	NOUN
taxlaw-6680	796	18	and	and	CCONJ
taxlaw-6680	796	19	$	$	SYM
taxlaw-6680	796	20	100x	100x	NUM
taxlaw-6680	796	21	fictitious	fictitious	ADJ
taxlaw-6680	796	22	loss	loss	NOUN
taxlaw-6680	796	23	,	,	PUNCT
taxlaw-6680	796	24	while	while	SCONJ
taxlaw-6680	796	25	b	b	NOUN
taxlaw-6680	796	26	received	receive	VERB
taxlaw-6680	796	27	$	$	SYM
taxlaw-6680	796	28	100x	100x	NUM
taxlaw-6680	796	29	actual	actual	ADJ
taxlaw-6680	796	30	gain	gain	NOUN
taxlaw-6680	796	31	and	and	CCONJ
taxlaw-6680	796	32	$	$	SYM
taxlaw-6680	796	33	100x	100x	NUM
taxlaw-6680	796	34	fictitious	fictitious	ADJ
taxlaw-6680	796	35	gain	gain	NOUN
taxlaw-6680	796	36	.	.	PUNCT
taxlaw-6680	797	1	at	at	ADP
taxlaw-6680	797	2	the	the	DET
taxlaw-6680	797	3	end	end	NOUN
taxlaw-6680	797	4	of	of	ADP
taxlaw-6680	797	5	year	year	NOUN
taxlaw-6680	797	6	2	2	NUM
taxlaw-6680	797	7	,	,	PUNCT
taxlaw-6680	797	8	if	if	SCONJ
taxlaw-6680	797	9	the	the	DET
taxlaw-6680	797	10	partnership	partnership	NOUN
taxlaw-6680	797	11	is	be	AUX
taxlaw-6680	797	12	not	not	PART
taxlaw-6680	797	13	liquidated	liquidate	VERB
taxlaw-6680	797	14	,	,	PUNCT
taxlaw-6680	797	15	a	a	PRON
taxlaw-6680	797	16	is	be	AUX
taxlaw-6680	797	17	deemed	deem	VERB
taxlaw-6680	797	18	to	to	PART
taxlaw-6680	797	19	have	have	AUX
taxlaw-6680	797	20	received	receive	VERB
taxlaw-6680	797	21	$	$	SYM
taxlaw-6680	797	22	100x	100x	NUM
taxlaw-6680	797	23	actual	actual	ADJ
taxlaw-6680	797	24	gain	gain	NOUN
taxlaw-6680	797	25	and	and	CCONJ
taxlaw-6680	797	26	$	$	SYM
taxlaw-6680	797	27	100x	100x	NUM
taxlaw-6680	797	28	fictitious	fictitious	ADJ
taxlaw-6680	797	29	gain	gain	NOUN
taxlaw-6680	797	30	,	,	PUNCT
taxlaw-6680	797	31	while	while	SCONJ
taxlaw-6680	797	32	b	b	NOUN
taxlaw-6680	797	33	received	receive	VERB
taxlaw-6680	797	34	$	$	SYM
taxlaw-6680	797	35	100x	100x	NUM
taxlaw-6680	797	36	actual	actual	ADJ
taxlaw-6680	797	37	loss	loss	NOUN
taxlaw-6680	797	38	and	and	CCONJ
taxlaw-6680	797	39	$	$	SYM
taxlaw-6680	797	40	100x	100x	NUM
taxlaw-6680	797	41	fictitious	fictitious	ADJ
taxlaw-6680	797	42	loss	loss	NOUN
taxlaw-6680	797	43	.	.	PUNCT
taxlaw-6680	798	1	in	in	ADP
taxlaw-6680	798	2	this	this	DET
taxlaw-6680	798	3	case	case	NOUN
taxlaw-6680	798	4	,	,	PUNCT
taxlaw-6680	798	5	because	because	SCONJ
taxlaw-6680	798	6	the	the	DET
taxlaw-6680	798	7	fictitious	fictitious	ADJ
taxlaw-6680	798	8	gain	gain	NOUN
taxlaw-6680	798	9	and	and	CCONJ
taxlaw-6680	798	10	loss	loss	NOUN
taxlaw-6680	798	11	are	be	AUX
taxlaw-6680	798	12	not	not	PART
taxlaw-6680	798	13	supported	support	VERB
taxlaw-6680	798	14	by	by	ADP
taxlaw-6680	798	15	business	business	NOUN
taxlaw-6680	798	16	purposes	purpose	NOUN
taxlaw-6680	798	17	and	and	CCONJ
taxlaw-6680	798	18	a	a	DET
taxlaw-6680	798	19	tax	tax	NOUN
taxlaw-6680	798	20	avoidance	avoidance	NOUN
taxlaw-6680	798	21	motive	motive	NOUN
taxlaw-6680	798	22	is	be	AUX
taxlaw-6680	798	23	obviously	obviously	ADV
taxlaw-6680	798	24	present	present	ADJ
taxlaw-6680	798	25	,	,	PUNCT
taxlaw-6680	798	26	the	the	DET
taxlaw-6680	798	27	service	service	NOUN
taxlaw-6680	798	28	should	should	AUX
taxlaw-6680	798	29	not	not	PART
taxlaw-6680	798	30	waive	waive	VERB
taxlaw-6680	798	31	the	the	DET
taxlaw-6680	798	32	“	"	PUNCT
taxlaw-6680	798	33	ceiling	ceiling	NOUN
taxlaw-6680	798	34	rule	rule	NOUN
taxlaw-6680	798	35	”	"	PUNCT
taxlaw-6680	798	36	under	under	ADP
taxlaw-6680	798	37	reg	reg	NOUN
taxlaw-6680	798	38	.	.	PUNCT
taxlaw-6680	799	1	sec	sec	PROPN
taxlaw-6680	799	2	.	.	PROPN
taxlaw-6680	799	3	1.704	1.704	NUM
taxlaw-6680	799	4	-	-	NUM
taxlaw-6680	799	5	1(b)(2)(iv).143	1(b)(2)(iv).143	NOUN
taxlaw-6680	799	6	thus	thus	ADV
taxlaw-6680	799	7	,	,	PUNCT
taxlaw-6680	799	8	the	the	DET
taxlaw-6680	799	9	allocation	allocation	NOUN
taxlaw-6680	799	10	should	should	AUX
taxlaw-6680	799	11	fail	fail	VERB
taxlaw-6680	799	12	the	the	DET
taxlaw-6680	799	13	eee	eee	NOUN
taxlaw-6680	799	14	test	test	NOUN
taxlaw-6680	799	15	,	,	PUNCT
taxlaw-6680	799	16	and	and	CCONJ
taxlaw-6680	799	17	all	all	DET
taxlaw-6680	799	18	partnership	partnership	NOUN
taxlaw-6680	799	19	items	item	NOUN
taxlaw-6680	799	20	must	must	AUX
taxlaw-6680	799	21	be	be	AUX
taxlaw-6680	799	22	allocated	allocate	VERB
taxlaw-6680	799	23	“	"	PUNCT
taxlaw-6680	799	24	in	in	ADP
taxlaw-6680	799	25	accordance	accordance	NOUN
taxlaw-6680	799	26	with	with	ADP
taxlaw-6680	799	27	the	the	DET
taxlaw-6680	799	28	partners	partner	NOUN
taxlaw-6680	799	29	’	’	PART
taxlaw-6680	799	30	interest	interest	NOUN
taxlaw-6680	799	31	in	in	ADP
taxlaw-6680	799	32	the	the	DET
taxlaw-6680	799	33	partnership	partnership	NOUN
taxlaw-6680	799	34	.	.	PUNCT
taxlaw-6680	799	35	”	"	PUNCT
taxlaw-6680	800	1	in	in	ADP
taxlaw-6680	800	2	this	this	DET
taxlaw-6680	800	3	case	case	NOUN
taxlaw-6680	800	4	,	,	PUNCT
taxlaw-6680	800	5	the	the	DET
taxlaw-6680	800	6	service	service	NOUN
taxlaw-6680	800	7	may	may	AUX
taxlaw-6680	800	8	re	re	VERB
taxlaw-6680	800	9	-	-	VERB
taxlaw-6680	800	10	allocate	allocate	VERB
taxlaw-6680	800	11	the	the	DET
taxlaw-6680	800	12	$	$	SYM
taxlaw-6680	800	13	100x	100x	NUM
taxlaw-6680	800	14	income	income	NOUN
taxlaw-6680	800	15	and	and	CCONJ
taxlaw-6680	800	16	$	$	SYM
taxlaw-6680	800	17	100x	100x	NUM
taxlaw-6680	800	18	expense	expense	NOUN
taxlaw-6680	800	19	equally	equally	ADV
taxlaw-6680	800	20	between	between	ADP
taxlaw-6680	800	21	a	a	PRON
taxlaw-6680	800	22	and	and	CCONJ
taxlaw-6680	800	23	b.	b.	PROPN
taxlaw-6680	800	24	b.	b.	PROPN
taxlaw-6680	800	25	guaranteed	guarantee	VERB
taxlaw-6680	800	26	payment	payment	NOUN
taxlaw-6680	800	27	as	as	ADP
taxlaw-6680	800	28	an	an	DET
taxlaw-6680	800	29	alternative	alternative	NOUN
taxlaw-6680	800	30	to	to	ADP
taxlaw-6680	800	31	capital	capital	NOUN
taxlaw-6680	800	32	shifting	shift	VERB
taxlaw-6680	800	33	treat	treat	VERB
taxlaw-6680	800	34	the	the	DET
taxlaw-6680	800	35	“	"	PUNCT
taxlaw-6680	800	36	ceiling	ceiling	NOUN
taxlaw-6680	800	37	rule	rule	NOUN
taxlaw-6680	800	38	”	"	PUNCT
taxlaw-6680	800	39	as	as	ADP
taxlaw-6680	800	40	waivable	waivable	ADJ
taxlaw-6680	800	41	dependent	dependent	ADJ
taxlaw-6680	800	42	on	on	ADP
taxlaw-6680	800	43	the	the	DET
taxlaw-6680	800	44	underlying	underlying	ADJ
taxlaw-6680	800	45	tax	tax	NOUN
taxlaw-6680	800	46	avoidance	avoidance	NOUN
taxlaw-6680	800	47	motive	motive	NOUN
taxlaw-6680	800	48	of	of	ADP
taxlaw-6680	800	49	partnership	partnership	NOUN
taxlaw-6680	800	50	arrangement	arrangement	NOUN
taxlaw-6680	800	51	is	be	AUX
taxlaw-6680	800	52	one	one	NUM
taxlaw-6680	800	53	way	way	NOUN
taxlaw-6680	800	54	to	to	PART
taxlaw-6680	800	55	cure	cure	VERB
taxlaw-6680	800	56	the	the	DET
taxlaw-6680	800	57	problem	problem	NOUN
taxlaw-6680	800	58	of	of	ADP
taxlaw-6680	800	59	target	target	NOUN
taxlaw-6680	800	60	allocation	allocation	NOUN
taxlaw-6680	800	61	.	.	PUNCT
taxlaw-6680	801	1	alternatively	alternatively	ADV
taxlaw-6680	801	2	,	,	PUNCT
taxlaw-6680	801	3	a	a	DET
taxlaw-6680	801	4	preferred	preferred	ADJ
taxlaw-6680	801	5	return	return	NOUN
taxlaw-6680	801	6	to	to	ADP
taxlaw-6680	801	7	a	a	DET
taxlaw-6680	801	8	limited	limited	ADJ
taxlaw-6680	801	9	partner	partner	NOUN
taxlaw-6680	801	10	through	through	ADP
taxlaw-6680	801	11	a	a	DET
taxlaw-6680	801	12	target	target	NOUN
taxlaw-6680	801	13	allocation	allocation	NOUN
taxlaw-6680	801	14	similar	similar	ADJ
taxlaw-6680	801	15	to	to	ADP
taxlaw-6680	801	16	the	the	DET
taxlaw-6680	801	17	one	one	NUM
taxlaw-6680	801	18	in	in	ADP
taxlaw-6680	801	19	example	example	NOUN
taxlaw-6680	801	20	ten	ten	NUM
taxlaw-6680	801	21	can	can	AUX
taxlaw-6680	801	22	be	be	AUX
taxlaw-6680	801	23	viewed	view	VERB
taxlaw-6680	801	24	as	as	ADP
taxlaw-6680	801	25	a	a	DET
taxlaw-6680	801	26	guaranteed	guarantee	VERB
taxlaw-6680	801	27	payment	payment	NOUN
taxlaw-6680	801	28	,	,	PUNCT
taxlaw-6680	801	29	defined	define	VERB
taxlaw-6680	801	30	as	as	ADP
taxlaw-6680	801	31	payment	payment	NOUN
taxlaw-6680	801	32	for	for	ADP
taxlaw-6680	801	33	the	the	DET
taxlaw-6680	801	34	use	use	NOUN
taxlaw-6680	801	35	of	of	ADP
taxlaw-6680	801	36	capital	capital	NOUN
taxlaw-6680	801	37	without	without	ADP
taxlaw-6680	801	38	regard	regard	NOUN
taxlaw-6680	801	39	to	to	ADP
taxlaw-6680	801	40	partnership	partnership	NOUN
taxlaw-6680	801	41	profitability.144	profitability.144	PROPN
taxlaw-6680	801	42	consequently	consequently	ADV
taxlaw-6680	801	43	,	,	PUNCT
taxlaw-6680	801	44	in	in	ADP
taxlaw-6680	801	45	example	example	NOUN
taxlaw-6680	801	46	ten	ten	NUM
taxlaw-6680	801	47	,	,	PUNCT
taxlaw-6680	801	48	if	if	SCONJ
taxlaw-6680	801	49	the	the	DET
taxlaw-6680	801	50	preferred	preferred	ADJ
taxlaw-6680	801	51	return	return	NOUN
taxlaw-6680	801	52	is	be	AUX
taxlaw-6680	801	53	143	143	NUM
taxlaw-6680	801	54	admittedly	admittedly	ADV
taxlaw-6680	801	55	,	,	PUNCT
taxlaw-6680	801	56	in	in	ADP
taxlaw-6680	801	57	this	this	DET
taxlaw-6680	801	58	extreme	extreme	ADJ
taxlaw-6680	801	59	case	case	NOUN
taxlaw-6680	801	60	,	,	PUNCT
taxlaw-6680	801	61	the	the	DET
taxlaw-6680	801	62	allocation	allocation	NOUN
taxlaw-6680	801	63	will	will	AUX
taxlaw-6680	801	64	fail	fail	VERB
taxlaw-6680	801	65	the	the	DET
taxlaw-6680	801	66	substantiality	substantiality	NOUN
taxlaw-6680	801	67	prong	prong	NOUN
taxlaw-6680	801	68	of	of	ADP
taxlaw-6680	801	69	the	the	DET
taxlaw-6680	801	70	see	see	NOUN
taxlaw-6680	801	71	test	test	NOUN
taxlaw-6680	801	72	for	for	ADP
taxlaw-6680	801	73	being	be	AUX
taxlaw-6680	801	74	“	"	PUNCT
taxlaw-6680	801	75	transitory	transitory	ADJ
taxlaw-6680	801	76	”	"	PUNCT
taxlaw-6680	801	77	even	even	ADV
taxlaw-6680	801	78	if	if	SCONJ
taxlaw-6680	801	79	it	it	PRON
taxlaw-6680	801	80	’s	’s	AUX
taxlaw-6680	801	81	treated	treat	VERB
taxlaw-6680	801	82	as	as	ADP
taxlaw-6680	801	83	having	have	VERB
taxlaw-6680	801	84	economic	economic	ADJ
taxlaw-6680	801	85	effect	effect	NOUN
taxlaw-6680	801	86	under	under	ADP
taxlaw-6680	801	87	the	the	DET
taxlaw-6680	801	88	eee	eee	NOUN
taxlaw-6680	801	89	test	test	NOUN
taxlaw-6680	801	90	.	.	PUNCT
taxlaw-6680	802	1	see	see	VERB
taxlaw-6680	802	2	treas	treas	PROPN
taxlaw-6680	802	3	.	.	PUNCT
taxlaw-6680	803	1	reg	reg	PROPN
taxlaw-6680	803	2	.	.	PUNCT
taxlaw-6680	804	1	§	§	PROPN
taxlaw-6680	804	2	1.7041(b)(2)(iii)(c	1.7041(b)(2)(iii)(c	NUM
taxlaw-6680	804	3	)	)	PUNCT
taxlaw-6680	804	4	.	.	PUNCT
taxlaw-6680	805	1	see	see	AUX
taxlaw-6680	805	2	also	also	ADV
taxlaw-6680	805	3	example	example	VERB
taxlaw-6680	805	4	seven	seven	NUM
taxlaw-6680	805	5	,	,	PUNCT
taxlaw-6680	805	6	part	part	NOUN
taxlaw-6680	805	7	iii.c.5	iii.c.5	NOUN
taxlaw-6680	805	8	,	,	PUNCT
taxlaw-6680	805	9	supra	supra	NOUN
taxlaw-6680	805	10	.	.	PUNCT
taxlaw-6680	806	1	144	144	NUM
taxlaw-6680	806	2	see	see	NOUN
taxlaw-6680	806	3	i.r.c	i.r.c	NOUN
taxlaw-6680	806	4	.	.	PUNCT
taxlaw-6680	807	1	§	§	PROPN
taxlaw-6680	807	2	707(c	707(c	PROPN
taxlaw-6680	807	3	)	)	PUNCT
taxlaw-6680	807	4	;	;	PUNCT
taxlaw-6680	808	1	treas	treas	PROPN
taxlaw-6680	808	2	.	.	PUNCT
taxlaw-6680	809	1	reg	reg	PROPN
taxlaw-6680	809	2	.	.	PUNCT
taxlaw-6680	810	1	§	§	PROPN
taxlaw-6680	810	2	1.707	1.707	NUM
taxlaw-6680	810	3	-	-	SYM
taxlaw-6680	810	4	1(c	1(c	NUM
taxlaw-6680	810	5	)	)	PUNCT
taxlaw-6680	810	6	;	;	PUNCT
taxlaw-6680	811	1	treas	treas	PROPN
taxlaw-6680	811	2	.	.	PUNCT
taxlaw-6680	812	1	reg	reg	PROPN
taxlaw-6680	812	2	.	.	PUNCT
taxlaw-6680	813	1	§	§	PROPN
taxlaw-6680	813	2	1.707	1.707	NUM
taxlaw-6680	813	3	-	-	SYM
taxlaw-6680	813	4	4	4	NUM
taxlaw-6680	813	5	.	.	PUNCT
taxlaw-6680	814	1	[	[	X
taxlaw-6680	814	2	vol	vol	NOUN
taxlaw-6680	814	3	.	.	PUNCT
taxlaw-6680	815	1	11:1	11:1	NUM
taxlaw-6680	815	2	columbia	columbia	PROPN
taxlaw-6680	815	3	journal	journal	PROPN
taxlaw-6680	815	4	of	of	ADP
taxlaw-6680	815	5	tax	tax	NOUN
taxlaw-6680	815	6	law	law	NOUN
taxlaw-6680	815	7	136	136	NUM
taxlaw-6680	815	8	a	a	DET
taxlaw-6680	815	9	guaranteed	guarantee	VERB
taxlaw-6680	815	10	payment	payment	NOUN
taxlaw-6680	815	11	,	,	PUNCT
taxlaw-6680	815	12	it	it	PRON
taxlaw-6680	815	13	is	be	AUX
taxlaw-6680	815	14	includible	includible	ADJ
taxlaw-6680	815	15	in	in	ADP
taxlaw-6680	815	16	a	a	DET
taxlaw-6680	815	17	’s	’s	ADJ
taxlaw-6680	815	18	gross	gross	ADJ
taxlaw-6680	815	19	income	income	NOUN
taxlaw-6680	815	20	regardless	regardless	ADV
taxlaw-6680	815	21	of	of	ADP
taxlaw-6680	815	22	a	a	DET
taxlaw-6680	815	23	’s	’s	NOUN
taxlaw-6680	815	24	tax	tax	NOUN
taxlaw-6680	815	25	accounting	accounting	NOUN
taxlaw-6680	815	26	method	method	NOUN
taxlaw-6680	815	27	and	and	CCONJ
taxlaw-6680	815	28	deductible	deductible	ADJ
taxlaw-6680	815	29	to	to	ADP
taxlaw-6680	815	30	partnership	partnership	NOUN
taxlaw-6680	815	31	ab	ab	PROPN
taxlaw-6680	815	32	subject	subject	NOUN
taxlaw-6680	815	33	to	to	ADP
taxlaw-6680	815	34	the	the	DET
taxlaw-6680	815	35	capitalization	capitalization	NOUN
taxlaw-6680	815	36	requirement	requirement	NOUN
taxlaw-6680	815	37	in	in	ADP
taxlaw-6680	815	38	section	section	NOUN
taxlaw-6680	815	39	263	263	NUM
taxlaw-6680	815	40	of	of	ADP
taxlaw-6680	815	41	the	the	DET
taxlaw-6680	815	42	code	code	NOUN
taxlaw-6680	815	43	,	,	PUNCT
taxlaw-6680	815	44	as	as	SCONJ
taxlaw-6680	815	45	if	if	SCONJ
taxlaw-6680	815	46	it	it	PRON
taxlaw-6680	815	47	’s	’s	AUX
taxlaw-6680	815	48	made	make	VERB
taxlaw-6680	815	49	to	to	ADP
taxlaw-6680	815	50	a	a	DET
taxlaw-6680	815	51	non	non	ADJ
taxlaw-6680	815	52	-	-	ADJ
taxlaw-6680	815	53	partner.145	partner.145	ADJ
taxlaw-6680	815	54	ignoring	ignore	VERB
taxlaw-6680	815	55	section	section	NOUN
taxlaw-6680	815	56	263	263	NUM
taxlaw-6680	815	57	issues	issue	NOUN
taxlaw-6680	815	58	,	,	PUNCT
taxlaw-6680	815	59	the	the	DET
taxlaw-6680	815	60	capital	capital	NOUN
taxlaw-6680	815	61	shifting	shift	VERB
taxlaw-6680	815	62	problem	problem	NOUN
taxlaw-6680	815	63	is	be	AUX
taxlaw-6680	815	64	seemingly	seemingly	ADV
taxlaw-6680	815	65	eliminated	eliminate	VERB
taxlaw-6680	815	66	because	because	SCONJ
taxlaw-6680	815	67	partnership	partnership	NOUN
taxlaw-6680	815	68	ab	ab	PROPN
taxlaw-6680	815	69	now	now	ADV
taxlaw-6680	815	70	has	have	VERB
taxlaw-6680	815	71	a	a	DET
taxlaw-6680	815	72	non	non	ADJ
taxlaw-6680	815	73	-	-	ADJ
taxlaw-6680	815	74	fictitious	fictitious	ADJ
taxlaw-6680	815	75	,	,	PUNCT
taxlaw-6680	815	76	legitimate	legitimate	ADJ
taxlaw-6680	815	77	$	$	SYM
taxlaw-6680	815	78	10x	10x	NUM
taxlaw-6680	815	79	loss	loss	NOUN
taxlaw-6680	815	80	that	that	PRON
taxlaw-6680	815	81	can	can	AUX
taxlaw-6680	815	82	be	be	AUX
taxlaw-6680	815	83	allocated	allocate	VERB
taxlaw-6680	815	84	to	to	PART
taxlaw-6680	815	85	b,146	b,146	VERB
taxlaw-6680	815	86	and	and	CCONJ
taxlaw-6680	815	87	the	the	DET
taxlaw-6680	815	88	allocation	allocation	NOUN
taxlaw-6680	815	89	overall	overall	ADJ
taxlaw-6680	815	90	satisfies	satisfy	VERB
taxlaw-6680	815	91	the	the	DET
taxlaw-6680	815	92	eee	eee	NOUN
taxlaw-6680	815	93	test	test	NOUN
taxlaw-6680	815	94	and	and	CCONJ
taxlaw-6680	815	95	is	be	AUX
taxlaw-6680	815	96	also	also	ADV
taxlaw-6680	815	97	in	in	ADP
taxlaw-6680	815	98	line	line	NOUN
taxlaw-6680	815	99	with	with	ADP
taxlaw-6680	815	100	the	the	DET
taxlaw-6680	815	101	partners	partner	NOUN
taxlaw-6680	815	102	’	’	PART
taxlaw-6680	815	103	interest	interest	NOUN
taxlaw-6680	815	104	in	in	ADP
taxlaw-6680	815	105	partnership	partnership	NOUN
taxlaw-6680	815	106	.	.	PUNCT
taxlaw-6680	816	1	one	one	PRON
taxlaw-6680	816	2	may	may	AUX
taxlaw-6680	816	3	argue	argue	VERB
taxlaw-6680	816	4	that	that	SCONJ
taxlaw-6680	816	5	the	the	DET
taxlaw-6680	816	6	guaranteed	guarantee	VERB
taxlaw-6680	816	7	payment	payment	NOUN
taxlaw-6680	816	8	should	should	AUX
taxlaw-6680	816	9	exclude	exclude	VERB
taxlaw-6680	816	10	the	the	DET
taxlaw-6680	816	11	amount	amount	NOUN
taxlaw-6680	816	12	that	that	PRON
taxlaw-6680	816	13	represents	represent	VERB
taxlaw-6680	816	14	allocation	allocation	NOUN
taxlaw-6680	816	15	of	of	ADP
taxlaw-6680	816	16	gross	gross	ADJ
taxlaw-6680	816	17	income	income	NOUN
taxlaw-6680	816	18	or	or	CCONJ
taxlaw-6680	816	19	expense	expense	NOUN
taxlaw-6680	816	20	such	such	ADJ
taxlaw-6680	816	21	that	that	SCONJ
taxlaw-6680	816	22	in	in	ADP
taxlaw-6680	816	23	example	example	NOUN
taxlaw-6680	816	24	ten	ten	NUM
taxlaw-6680	816	25	,	,	PUNCT
taxlaw-6680	816	26	the	the	DET
taxlaw-6680	816	27	amount	amount	NOUN
taxlaw-6680	816	28	of	of	ADP
taxlaw-6680	816	29	guaranteed	guarantee	VERB
taxlaw-6680	816	30	payment	payment	NOUN
taxlaw-6680	816	31	is	be	AUX
taxlaw-6680	816	32	$	$	SYM
taxlaw-6680	816	33	5x	5x	NOUN
taxlaw-6680	816	34	rather	rather	ADV
taxlaw-6680	816	35	than	than	ADP
taxlaw-6680	816	36	$	$	SYM
taxlaw-6680	816	37	10x	10x	NUM
taxlaw-6680	816	38	.	.	PUNCT
taxlaw-6680	817	1	assessing	assess	VERB
taxlaw-6680	817	2	the	the	DET
taxlaw-6680	817	3	validity	validity	NOUN
taxlaw-6680	817	4	of	of	ADP
taxlaw-6680	817	5	this	this	DET
taxlaw-6680	817	6	argument	argument	NOUN
taxlaw-6680	817	7	requires	require	VERB
taxlaw-6680	817	8	one	one	NUM
taxlaw-6680	817	9	to	to	PART
taxlaw-6680	817	10	make	make	VERB
taxlaw-6680	817	11	an	an	DET
taxlaw-6680	817	12	assumption	assumption	NOUN
taxlaw-6680	817	13	regarding	regard	VERB
taxlaw-6680	817	14	whether	whether	SCONJ
taxlaw-6680	817	15	the	the	DET
taxlaw-6680	817	16	words	word	NOUN
taxlaw-6680	817	17	“	"	PUNCT
taxlaw-6680	817	18	without	without	ADP
taxlaw-6680	817	19	regard	regard	NOUN
taxlaw-6680	817	20	to	to	ADP
taxlaw-6680	817	21	the	the	DET
taxlaw-6680	817	22	income	income	NOUN
taxlaw-6680	817	23	of	of	ADP
taxlaw-6680	817	24	the	the	DET
taxlaw-6680	817	25	partnership	partnership	NOUN
taxlaw-6680	817	26	”	"	PUNCT
taxlaw-6680	817	27	in	in	ADP
taxlaw-6680	817	28	section	section	NOUN
taxlaw-6680	817	29	707	707	NUM
taxlaw-6680	817	30	of	of	ADP
taxlaw-6680	817	31	the	the	DET
taxlaw-6680	817	32	code	code	NOUN
taxlaw-6680	817	33	is	be	AUX
taxlaw-6680	817	34	intended	intend	VERB
taxlaw-6680	817	35	to	to	PART
taxlaw-6680	817	36	have	have	VERB
taxlaw-6680	817	37	an	an	DET
taxlaw-6680	817	38	ex	ex	ADJ
taxlaw-6680	817	39	ante	ante	NOUN
taxlaw-6680	817	40	or	or	CCONJ
taxlaw-6680	817	41	an	an	DET
taxlaw-6680	817	42	ex	ex	ADJ
taxlaw-6680	817	43	post	post	NOUN
taxlaw-6680	817	44	meaning	meaning	NOUN
taxlaw-6680	817	45	.	.	PUNCT
taxlaw-6680	818	1	the	the	DET
taxlaw-6680	818	2	service	service	NOUN
taxlaw-6680	818	3	’s	’s	PART
taxlaw-6680	818	4	current	current	ADJ
taxlaw-6680	818	5	position	position	NOUN
taxlaw-6680	818	6	on	on	ADP
taxlaw-6680	818	7	this	this	DET
taxlaw-6680	818	8	issue	issue	NOUN
taxlaw-6680	818	9	is	be	AUX
taxlaw-6680	818	10	unclear	unclear	ADJ
taxlaw-6680	818	11	,	,	PUNCT
taxlaw-6680	818	12	if	if	SCONJ
taxlaw-6680	818	13	not	not	PART
taxlaw-6680	818	14	contradictory	contradictory	ADJ
taxlaw-6680	818	15	.	.	PUNCT
taxlaw-6680	819	1	on	on	ADP
taxlaw-6680	819	2	one	one	NUM
taxlaw-6680	819	3	hand	hand	NOUN
taxlaw-6680	819	4	,	,	PUNCT
taxlaw-6680	819	5	the	the	DET
taxlaw-6680	819	6	service	service	NOUN
taxlaw-6680	819	7	seems	seem	VERB
taxlaw-6680	819	8	to	to	PART
taxlaw-6680	819	9	adopt	adopt	VERB
taxlaw-6680	819	10	an	an	DET
taxlaw-6680	819	11	ex	ex	ADJ
taxlaw-6680	819	12	post	post	NOUN
taxlaw-6680	819	13	view	view	NOUN
taxlaw-6680	819	14	in	in	ADP
taxlaw-6680	819	15	example	example	NOUN
taxlaw-6680	819	16	(	(	PUNCT
taxlaw-6680	819	17	2	2	NUM
taxlaw-6680	819	18	)	)	PUNCT
taxlaw-6680	819	19	of	of	ADP
taxlaw-6680	819	20	treas	treas	PROPN
taxlaw-6680	819	21	.	.	PUNCT
taxlaw-6680	820	1	reg	reg	PROPN
taxlaw-6680	820	2	.	.	PUNCT
taxlaw-6680	821	1	§	§	PROPN
taxlaw-6680	821	2	1.707	1.707	NUM
taxlaw-6680	821	3	-	-	SYM
taxlaw-6680	821	4	1(c	1(c	NUM
taxlaw-6680	821	5	)	)	PUNCT
taxlaw-6680	821	6	,	,	PUNCT
taxlaw-6680	821	7	suggesting	suggest	VERB
taxlaw-6680	821	8	that	that	SCONJ
taxlaw-6680	821	9	to	to	ADP
taxlaw-6680	821	10	the	the	DET
taxlaw-6680	821	11	extent	extent	NOUN
taxlaw-6680	821	12	a	a	DET
taxlaw-6680	821	13	partner	partner	NOUN
taxlaw-6680	821	14	’s	’s	PART
taxlaw-6680	821	15	distributive	distributive	ADJ
taxlaw-6680	821	16	share	share	NOUN
taxlaw-6680	821	17	of	of	ADP
taxlaw-6680	821	18	partnership	partnership	NOUN
taxlaw-6680	821	19	income	income	NOUN
taxlaw-6680	821	20	before	before	ADP
taxlaw-6680	821	21	taking	take	VERB
taxlaw-6680	821	22	into	into	ADP
taxlaw-6680	821	23	account	account	NOUN
taxlaw-6680	821	24	any	any	DET
taxlaw-6680	821	25	guaranteed	guarantee	VERB
taxlaw-6680	821	26	payment	payment	NOUN
taxlaw-6680	821	27	is	be	AUX
taxlaw-6680	821	28	below	below	ADP
taxlaw-6680	821	29	an	an	DET
taxlaw-6680	821	30	ex	ex	PROPN
taxlaw-6680	821	31	ante	ante	NOUN
taxlaw-6680	821	32	guaranteed	guarantee	VERB
taxlaw-6680	821	33	minimum	minimum	NOUN
taxlaw-6680	821	34	amount	amount	NOUN
taxlaw-6680	821	35	that	that	PRON
taxlaw-6680	821	36	a	a	DET
taxlaw-6680	821	37	partner	partner	NOUN
taxlaw-6680	821	38	will	will	AUX
taxlaw-6680	821	39	receive	receive	VERB
taxlaw-6680	821	40	,	,	PUNCT
taxlaw-6680	821	41	that	that	DET
taxlaw-6680	821	42	amount	amount	NOUN
taxlaw-6680	821	43	is	be	AUX
taxlaw-6680	821	44	not	not	PART
taxlaw-6680	821	45	treated	treat	VERB
taxlaw-6680	821	46	as	as	ADP
taxlaw-6680	821	47	a	a	DET
taxlaw-6680	821	48	guaranteed	guarantee	VERB
taxlaw-6680	821	49	payment.147	payment.147	NOUN
taxlaw-6680	821	50	on	on	ADP
taxlaw-6680	821	51	the	the	DET
taxlaw-6680	821	52	other	other	ADJ
taxlaw-6680	821	53	hand	hand	NOUN
taxlaw-6680	821	54	,	,	PUNCT
taxlaw-6680	821	55	example	example	NOUN
taxlaw-6680	821	56	(	(	PUNCT
taxlaw-6680	821	57	1	1	NUM
taxlaw-6680	821	58	)	)	PUNCT
taxlaw-6680	821	59	of	of	ADP
taxlaw-6680	821	60	treas	treas	PROPN
taxlaw-6680	821	61	.	.	PUNCT
taxlaw-6680	822	1	reg	reg	PROPN
taxlaw-6680	822	2	.	.	PUNCT
taxlaw-6680	823	1	§	§	PROPN
taxlaw-6680	823	2	1.707	1.707	NUM
taxlaw-6680	823	3	-	-	SYM
taxlaw-6680	823	4	4(a)(4	4(a)(4	NUM
taxlaw-6680	823	5	)	)	PUNCT
taxlaw-6680	823	6	treats	treat	VERB
taxlaw-6680	823	7	a	a	DET
taxlaw-6680	823	8	10	10	NUM
taxlaw-6680	823	9	%	%	NOUN
taxlaw-6680	823	10	preferred	preferred	ADJ
taxlaw-6680	823	11	return	return	NOUN
taxlaw-6680	823	12	on	on	ADP
taxlaw-6680	823	13	the	the	DET
taxlaw-6680	823	14	fair	fair	ADJ
taxlaw-6680	823	15	market	market	NOUN
taxlaw-6680	823	16	value	value	NOUN
taxlaw-6680	823	17	of	of	ADP
taxlaw-6680	823	18	contributed	contributed	ADJ
taxlaw-6680	823	19	capital	capital	NOUN
taxlaw-6680	823	20	as	as	ADP
taxlaw-6680	823	21	a	a	DET
taxlaw-6680	823	22	guaranteed	guarantee	VERB
taxlaw-6680	823	23	payment	payment	NOUN
taxlaw-6680	823	24	without	without	ADP
taxlaw-6680	823	25	considering	consider	VERB
taxlaw-6680	823	26	the	the	DET
taxlaw-6680	823	27	partner	partner	NOUN
taxlaw-6680	823	28	’s	’s	PART
taxlaw-6680	823	29	ex	ex	X
taxlaw-6680	823	30	post	post	X
taxlaw-6680	823	31	distributive	distributive	ADJ
taxlaw-6680	823	32	share	share	NOUN
taxlaw-6680	823	33	of	of	ADP
taxlaw-6680	823	34	partnership	partnership	NOUN
taxlaw-6680	823	35	income	income	NOUN
taxlaw-6680	823	36	,	,	PUNCT
taxlaw-6680	823	37	suggesting	suggest	VERB
taxlaw-6680	823	38	an	an	DET
taxlaw-6680	823	39	ex	ex	NOUN
taxlaw-6680	823	40	ante	ante	NOUN
taxlaw-6680	823	41	view.148	view.148	PROPN
taxlaw-6680	823	42	yet	yet	ADV
taxlaw-6680	823	43	another	another	DET
taxlaw-6680	823	44	uncertainty	uncertainty	NOUN
taxlaw-6680	823	45	lies	lie	VERB
taxlaw-6680	823	46	in	in	ADP
taxlaw-6680	823	47	whether	whether	SCONJ
taxlaw-6680	823	48	the	the	DET
taxlaw-6680	823	49	word	word	NOUN
taxlaw-6680	823	50	“	"	PUNCT
taxlaw-6680	823	51	income	income	NOUN
taxlaw-6680	823	52	”	"	PUNCT
taxlaw-6680	823	53	in	in	ADP
taxlaw-6680	823	54	section	section	NOUN
taxlaw-6680	823	55	707(c	707(c	PROPN
taxlaw-6680	823	56	)	)	PUNCT
taxlaw-6680	823	57	of	of	ADP
taxlaw-6680	823	58	the	the	DET
taxlaw-6680	823	59	code	code	NOUN
taxlaw-6680	823	60	is	be	AUX
taxlaw-6680	823	61	intended	intend	VERB
taxlaw-6680	823	62	to	to	PART
taxlaw-6680	823	63	refer	refer	VERB
taxlaw-6680	823	64	to	to	AUX
taxlaw-6680	823	65	partnership	partnership	VERB
taxlaw-6680	823	66	taxable	taxable	ADJ
taxlaw-6680	823	67	income	income	NOUN
taxlaw-6680	823	68	only.149	only.149	NOUN
taxlaw-6680	823	69	given	give	VERB
taxlaw-6680	823	70	that	that	SCONJ
taxlaw-6680	823	71	treas	treas	PROPN
taxlaw-6680	823	72	.	.	PUNCT
taxlaw-6680	824	1	reg	reg	PROPN
taxlaw-6680	824	2	.	.	PUNCT
taxlaw-6680	825	1	§	§	PROPN
taxlaw-6680	825	2	1.707	1.707	NUM
taxlaw-6680	825	3	-	-	SYM
taxlaw-6680	825	4	4	4	NUM
taxlaw-6680	825	5	became	become	VERB
taxlaw-6680	825	6	effective	effective	ADJ
taxlaw-6680	825	7	in	in	ADP
taxlaw-6680	825	8	2016	2016	NUM
taxlaw-6680	825	9	,	,	PUNCT
taxlaw-6680	825	10	much	much	ADV
taxlaw-6680	825	11	latter	latter	ADJ
taxlaw-6680	825	12	than	than	ADP
taxlaw-6680	825	13	treas	treas	PROPN
taxlaw-6680	825	14	.	.	PUNCT
taxlaw-6680	826	1	reg	reg	PROPN
taxlaw-6680	826	2	.	.	PUNCT
taxlaw-6680	827	1	§	§	PROPN
taxlaw-6680	827	2	1.707	1.707	NUM
taxlaw-6680	827	3	-	-	SYM
taxlaw-6680	827	4	1	1	NUM
taxlaw-6680	827	5	’s	’s	PART
taxlaw-6680	827	6	effective	effective	ADJ
taxlaw-6680	827	7	year	year	NOUN
taxlaw-6680	827	8	of	of	ADP
taxlaw-6680	827	9	1976	1976	NUM
taxlaw-6680	827	10	,	,	PUNCT
taxlaw-6680	827	11	and	and	CCONJ
taxlaw-6680	827	12	that	that	SCONJ
taxlaw-6680	827	13	the	the	DET
taxlaw-6680	827	14	latter	latter	NOUN
taxlaw-6680	827	15	has	have	AUX
taxlaw-6680	827	16	not	not	PART
taxlaw-6680	827	17	been	be	AUX
taxlaw-6680	827	18	amended	amend	VERB
taxlaw-6680	827	19	to	to	PART
taxlaw-6680	827	20	reflect	reflect	VERB
taxlaw-6680	827	21	subsequent	subsequent	ADJ
taxlaw-6680	827	22	changes	change	NOUN
taxlaw-6680	827	23	,	,	PUNCT
taxlaw-6680	827	24	one	one	PRON
taxlaw-6680	827	25	should	should	AUX
taxlaw-6680	827	26	be	be	AUX
taxlaw-6680	827	27	aware	aware	ADJ
taxlaw-6680	827	28	of	of	ADP
taxlaw-6680	827	29	the	the	DET
taxlaw-6680	827	30	possibility	possibility	NOUN
taxlaw-6680	827	31	that	that	SCONJ
taxlaw-6680	827	32	the	the	DET
taxlaw-6680	827	33	service	service	NOUN
taxlaw-6680	827	34	has	have	AUX
taxlaw-6680	827	35	implicitly	implicitly	ADV
taxlaw-6680	827	36	shifted	shift	VERB
taxlaw-6680	827	37	its	its	PRON
taxlaw-6680	827	38	view	view	NOUN
taxlaw-6680	827	39	from	from	ADP
taxlaw-6680	827	40	ex	ex	PRON
taxlaw-6680	827	41	post	post	NOUN
taxlaw-6680	827	42	to	to	ADP
taxlaw-6680	827	43	ex	ex	PRON
taxlaw-6680	827	44	ante	ante	NOUN
taxlaw-6680	827	45	in	in	ADP
taxlaw-6680	827	46	its	its	PRON
taxlaw-6680	827	47	interpretation	interpretation	NOUN
taxlaw-6680	827	48	of	of	ADP
taxlaw-6680	827	49	section	section	NOUN
taxlaw-6680	827	50	707(c	707(c	PROPN
taxlaw-6680	827	51	)	)	PUNCT
taxlaw-6680	827	52	.	.	PUNCT
taxlaw-6680	828	1	however	however	ADV
taxlaw-6680	828	2	,	,	PUNCT
taxlaw-6680	828	3	viewing	view	VERB
taxlaw-6680	828	4	preferred	preferred	ADJ
taxlaw-6680	828	5	return	return	NOUN
taxlaw-6680	828	6	on	on	ADP
taxlaw-6680	828	7	contributed	contributed	ADJ
taxlaw-6680	828	8	capital	capital	NOUN
taxlaw-6680	828	9	as	as	ADP
taxlaw-6680	828	10	a	a	DET
taxlaw-6680	828	11	guaranteed	guarantee	VERB
taxlaw-6680	828	12	payment	payment	NOUN
taxlaw-6680	828	13	for	for	ADP
taxlaw-6680	828	14	the	the	DET
taxlaw-6680	828	15	purpose	purpose	NOUN
taxlaw-6680	828	16	of	of	ADP
taxlaw-6680	828	17	keeping	keep	VERB
taxlaw-6680	828	18	an	an	DET
taxlaw-6680	828	19	allocation	allocation	NOUN
taxlaw-6680	828	20	(	(	PUNCT
taxlaw-6680	828	21	like	like	ADP
taxlaw-6680	828	22	a	a	DET
taxlaw-6680	828	23	target	target	NOUN
taxlaw-6680	828	24	allocation	allocation	NOUN
taxlaw-6680	828	25	)	)	PUNCT
taxlaw-6680	828	26	in	in	ADP
taxlaw-6680	828	27	line	line	NOUN
taxlaw-6680	828	28	with	with	ADP
taxlaw-6680	828	29	the	the	DET
taxlaw-6680	828	30	see	see	ADJ
taxlaw-6680	828	31	safe	safe	ADJ
taxlaw-6680	828	32	harbor	harbor	NOUN
taxlaw-6680	828	33	requirements	requirement	NOUN
taxlaw-6680	828	34	has	have	AUX
taxlaw-6680	828	35	received	receive	VERB
taxlaw-6680	828	36	mixed	mixed	ADJ
taxlaw-6680	828	37	attitudes	attitude	NOUN
taxlaw-6680	828	38	from	from	ADP
taxlaw-6680	828	39	practitioners	practitioner	NOUN
taxlaw-6680	828	40	,	,	PUNCT
taxlaw-6680	828	41	and	and	CCONJ
taxlaw-6680	828	42	the	the	DET
taxlaw-6680	828	43	law	law	NOUN
taxlaw-6680	828	44	in	in	ADP
taxlaw-6680	828	45	this	this	DET
taxlaw-6680	828	46	area	area	NOUN
taxlaw-6680	828	47	is	be	AUX
taxlaw-6680	828	48	not	not	PART
taxlaw-6680	828	49	well	well	ADV
taxlaw-6680	828	50	-	-	PUNCT
taxlaw-6680	828	51	developed	develop	VERB
taxlaw-6680	828	52	.	.	PUNCT
taxlaw-6680	829	1	150	150	NUM
taxlaw-6680	829	2	two	two	NUM
taxlaw-6680	829	3	questions	question	NOUN
taxlaw-6680	829	4	are	be	AUX
taxlaw-6680	829	5	particularly	particularly	ADV
taxlaw-6680	829	6	relevant	relevant	ADJ
taxlaw-6680	829	7	here	here	ADV
taxlaw-6680	829	8	.	.	PUNCT
taxlaw-6680	830	1	first	first	ADV
taxlaw-6680	830	2	,	,	PUNCT
taxlaw-6680	830	3	how	how	SCONJ
taxlaw-6680	830	4	should	should	AUX
taxlaw-6680	830	5	the	the	DET
taxlaw-6680	830	6	145	145	NUM
taxlaw-6680	830	7	treas	trea	NOUN
taxlaw-6680	830	8	.	.	PUNCT
taxlaw-6680	831	1	reg	reg	PROPN
taxlaw-6680	831	2	.	.	PUNCT
taxlaw-6680	832	1	§	§	PROPN
taxlaw-6680	832	2	1.707	1.707	NUM
taxlaw-6680	832	3	-	-	SYM
taxlaw-6680	832	4	1(c	1(c	NUM
taxlaw-6680	832	5	)	)	PUNCT
taxlaw-6680	832	6	.	.	PUNCT
taxlaw-6680	833	1	146	146	NUM
taxlaw-6680	833	2	assuming	assume	VERB
taxlaw-6680	833	3	$	$	SYM
taxlaw-6680	833	4	5x	5x	NUM
taxlaw-6680	833	5	income	income	NOUN
taxlaw-6680	833	6	and	and	CCONJ
taxlaw-6680	833	7	$	$	SYM
taxlaw-6680	833	8	5x	5x	NUM
taxlaw-6680	833	9	expense	expense	NOUN
taxlaw-6680	833	10	in	in	ADP
taxlaw-6680	833	11	year	year	NOUN
taxlaw-6680	833	12	1	1	NUM
taxlaw-6680	833	13	without	without	ADP
taxlaw-6680	833	14	considering	consider	VERB
taxlaw-6680	833	15	guaranteed	guarantee	VERB
taxlaw-6680	833	16	payment	payment	NOUN
taxlaw-6680	833	17	.	.	PUNCT
taxlaw-6680	834	1	147see	147see	NUM
taxlaw-6680	834	2	also	also	ADV
taxlaw-6680	834	3	pratt	pratt	PROPN
taxlaw-6680	834	4	v.	v.	PROPN
taxlaw-6680	834	5	commissioner	commissioner	PROPN
taxlaw-6680	834	6	,	,	PUNCT
taxlaw-6680	834	7	550	550	NUM
taxlaw-6680	834	8	f.2d	f.2d	NOUN
taxlaw-6680	834	9	1023	1023	NUM
taxlaw-6680	834	10	(	(	PUNCT
taxlaw-6680	834	11	5th	5th	ADJ
taxlaw-6680	834	12	cir	cir	NOUN
taxlaw-6680	834	13	.	.	PUNCT
taxlaw-6680	834	14	1977	1977	NUM
taxlaw-6680	834	15	)	)	PUNCT
taxlaw-6680	835	1	(	(	PUNCT
taxlaw-6680	835	2	holding	hold	VERB
taxlaw-6680	835	3	that	that	SCONJ
taxlaw-6680	835	4	the	the	DET
taxlaw-6680	835	5	payment	payment	NOUN
taxlaw-6680	835	6	of	of	ADP
taxlaw-6680	835	7	interest	interest	NOUN
taxlaw-6680	835	8	on	on	ADP
taxlaw-6680	835	9	a	a	DET
taxlaw-6680	835	10	bona	bona	ADJ
taxlaw-6680	835	11	fide	fide	ADJ
taxlaw-6680	835	12	loan	loan	NOUN
taxlaw-6680	835	13	by	by	ADP
taxlaw-6680	835	14	the	the	DET
taxlaw-6680	835	15	taxpayer	taxpayer	NOUN
taxlaw-6680	835	16	-	-	PUNCT
taxlaw-6680	835	17	partner	partner	NOUN
taxlaw-6680	835	18	to	to	ADP
taxlaw-6680	835	19	the	the	DET
taxlaw-6680	835	20	partnership	partnership	NOUN
taxlaw-6680	835	21	is	be	AUX
taxlaw-6680	835	22	not	not	PART
taxlaw-6680	835	23	treated	treat	VERB
taxlaw-6680	835	24	as	as	ADP
taxlaw-6680	835	25	guaranteed	guarantee	VERB
taxlaw-6680	835	26	payment	payment	NOUN
taxlaw-6680	835	27	)	)	PUNCT
taxlaw-6680	835	28	.	.	PUNCT
taxlaw-6680	836	1	148	148	NUM
taxlaw-6680	836	2	one	one	NOUN
taxlaw-6680	836	3	may	may	AUX
taxlaw-6680	836	4	argue	argue	VERB
taxlaw-6680	836	5	that	that	SCONJ
taxlaw-6680	836	6	,	,	PUNCT
taxlaw-6680	836	7	if	if	SCONJ
taxlaw-6680	836	8	a	a	DET
taxlaw-6680	836	9	partner	partner	NOUN
taxlaw-6680	836	10	is	be	AUX
taxlaw-6680	836	11	entitled	entitle	VERB
taxlaw-6680	836	12	to	to	ADP
taxlaw-6680	836	13	a	a	DET
taxlaw-6680	836	14	x%	x%	X
taxlaw-6680	836	15	distributive	distributive	ADJ
taxlaw-6680	836	16	share	share	NOUN
taxlaw-6680	836	17	of	of	ADP
taxlaw-6680	836	18	pre	pre	ADJ
taxlaw-6680	836	19	-	-	ADJ
taxlaw-6680	836	20	guaranteed	guarantee	VERB
taxlaw-6680	836	21	payment	payment	NOUN
taxlaw-6680	836	22	partnership	partnership	NOUN
taxlaw-6680	836	23	income	income	NOUN
taxlaw-6680	836	24	with	with	ADP
taxlaw-6680	836	25	a	a	DET
taxlaw-6680	836	26	guaranteed	guarantee	VERB
taxlaw-6680	836	27	minimum	minimum	NOUN
taxlaw-6680	836	28	amount	amount	NOUN
taxlaw-6680	836	29	of	of	ADP
taxlaw-6680	836	30	$	$	SYM
taxlaw-6680	836	31	y	y	NOUN
taxlaw-6680	836	32	,	,	PUNCT
taxlaw-6680	836	33	he	he	PRON
taxlaw-6680	836	34	/	/	PUNCT
taxlaw-6680	836	35	she	she	PRON
taxlaw-6680	836	36	may	may	AUX
taxlaw-6680	836	37	or	or	CCONJ
taxlaw-6680	836	38	may	may	AUX
taxlaw-6680	836	39	not	not	PART
taxlaw-6680	836	40	be	be	AUX
taxlaw-6680	836	41	allocated	allocate	VERB
taxlaw-6680	836	42	any	any	DET
taxlaw-6680	836	43	deduction	deduction	NOUN
taxlaw-6680	836	44	taken	take	VERB
taxlaw-6680	836	45	by	by	ADP
taxlaw-6680	836	46	the	the	DET
taxlaw-6680	836	47	partnership	partnership	NOUN
taxlaw-6680	836	48	for	for	ADP
taxlaw-6680	836	49	such	such	ADJ
taxlaw-6680	836	50	guaranteed	guarantee	VERB
taxlaw-6680	836	51	payment	payment	NOUN
taxlaw-6680	836	52	,	,	PUNCT
taxlaw-6680	836	53	and	and	CCONJ
taxlaw-6680	836	54	the	the	DET
taxlaw-6680	836	55	partnership	partnership	NOUN
taxlaw-6680	836	56	needs	need	VERB
taxlaw-6680	836	57	to	to	PART
taxlaw-6680	836	58	have	have	VERB
taxlaw-6680	836	59	income	income	NOUN
taxlaw-6680	836	60	higher	high	ADJ
taxlaw-6680	836	61	than	than	ADP
taxlaw-6680	836	62	(	(	PUNCT
taxlaw-6680	836	63	$	$	SYM
taxlaw-6680	836	64	y	y	PROPN
taxlaw-6680	836	65	/	/	SYM
taxlaw-6680	836	66	x%	x%	NOUN
taxlaw-6680	836	67	)	)	PUNCT
taxlaw-6680	836	68	in	in	ADP
taxlaw-6680	836	69	order	order	NOUN
taxlaw-6680	836	70	for	for	SCONJ
taxlaw-6680	836	71	the	the	DET
taxlaw-6680	836	72	partner	partner	NOUN
taxlaw-6680	836	73	to	to	PART
taxlaw-6680	836	74	have	have	VERB
taxlaw-6680	836	75	true	true	ADJ
taxlaw-6680	836	76	equity	equity	NOUN
taxlaw-6680	836	77	exposure	exposure	NOUN
taxlaw-6680	836	78	.	.	PUNCT
taxlaw-6680	837	1	see	see	VERB
taxlaw-6680	837	2	,	,	PUNCT
taxlaw-6680	837	3	e.g.	e.g.	ADV
taxlaw-6680	837	4	,	,	PUNCT
taxlaw-6680	837	5	treas	treas	PROPN
taxlaw-6680	837	6	.	.	PUNCT
taxlaw-6680	838	1	reg	reg	PROPN
taxlaw-6680	838	2	.	.	PUNCT
taxlaw-6680	839	1	§	§	PROPN
taxlaw-6680	839	2	1.707	1.707	NUM
taxlaw-6680	839	3	-	-	SYM
taxlaw-6680	839	4	1(c	1(c	NUM
taxlaw-6680	839	5	)	)	PUNCT
taxlaw-6680	839	6	,	,	PUNCT
taxlaw-6680	839	7	ex	ex	X
taxlaw-6680	839	8	.	.	PUNCT
taxlaw-6680	839	9	(	(	PUNCT
taxlaw-6680	839	10	2	2	NUM
taxlaw-6680	839	11	)	)	PUNCT
taxlaw-6680	839	12	.	.	PUNCT
taxlaw-6680	840	1	thus	thus	ADV
taxlaw-6680	840	2	,	,	PUNCT
taxlaw-6680	840	3	his	his	PRON
taxlaw-6680	840	4	/	/	SYM
taxlaw-6680	840	5	her	her	PRON
taxlaw-6680	840	6	situation	situation	NOUN
taxlaw-6680	840	7	is	be	AUX
taxlaw-6680	840	8	distinguished	distinguish	VERB
taxlaw-6680	840	9	from	from	ADP
taxlaw-6680	840	10	another	another	DET
taxlaw-6680	840	11	partner	partner	NOUN
taxlaw-6680	840	12	who	who	PRON
taxlaw-6680	840	13	receives	receive	VERB
taxlaw-6680	840	14	a	a	DET
taxlaw-6680	840	15	straightforward	straightforward	ADJ
taxlaw-6680	840	16	guaranteed	guarantee	VERB
taxlaw-6680	840	17	payment	payment	NOUN
taxlaw-6680	840	18	of	of	ADP
taxlaw-6680	840	19	$	$	SYM
taxlaw-6680	840	20	y	y	PROPN
taxlaw-6680	840	21	plus	plus	CCONJ
taxlaw-6680	840	22	a	a	DET
taxlaw-6680	840	23	x%	x%	X
taxlaw-6680	840	24	distributive	distributive	ADJ
taxlaw-6680	840	25	share	share	NOUN
taxlaw-6680	840	26	of	of	ADP
taxlaw-6680	840	27	post	post	ADJ
taxlaw-6680	840	28	-	-	ADJ
taxlaw-6680	840	29	guaranteed	guarantee	VERB
taxlaw-6680	840	30	payment	payment	NOUN
taxlaw-6680	840	31	partnership	partnership	NOUN
taxlaw-6680	840	32	income	income	NOUN
taxlaw-6680	840	33	,	,	PUNCT
taxlaw-6680	840	34	in	in	ADP
taxlaw-6680	840	35	which	which	DET
taxlaw-6680	840	36	case	case	NOUN
taxlaw-6680	840	37	the	the	DET
taxlaw-6680	840	38	partner	partner	NOUN
taxlaw-6680	840	39	is	be	AUX
taxlaw-6680	840	40	certainly	certainly	ADV
taxlaw-6680	840	41	allocated	allocate	VERB
taxlaw-6680	840	42	a	a	DET
taxlaw-6680	840	43	portion	portion	NOUN
taxlaw-6680	840	44	of	of	ADP
taxlaw-6680	840	45	the	the	DET
taxlaw-6680	840	46	deduction	deduction	NOUN
taxlaw-6680	840	47	from	from	ADP
taxlaw-6680	840	48	the	the	DET
taxlaw-6680	840	49	guaranteed	guarantee	VERB
taxlaw-6680	840	50	payment	payment	NOUN
taxlaw-6680	840	51	,	,	PUNCT
taxlaw-6680	840	52	and	and	CCONJ
taxlaw-6680	840	53	equity	equity	NOUN
taxlaw-6680	840	54	exposure	exposure	NOUN
taxlaw-6680	840	55	begins	begin	VERB
taxlaw-6680	840	56	earlier	early	ADV
taxlaw-6680	840	57	(	(	PUNCT
taxlaw-6680	840	58	at	at	ADP
taxlaw-6680	840	59	$	$	SYM
taxlaw-6680	840	60	y	y	NOUN
taxlaw-6680	840	61	)	)	PUNCT
taxlaw-6680	840	62	.	.	PUNCT
taxlaw-6680	841	1	see	see	VERB
taxlaw-6680	841	2	,	,	PUNCT
taxlaw-6680	841	3	e.g.	e.g.	ADV
taxlaw-6680	841	4	,	,	PUNCT
taxlaw-6680	841	5	treas	treas	PROPN
taxlaw-6680	841	6	.	.	PUNCT
taxlaw-6680	842	1	reg	reg	PROPN
taxlaw-6680	842	2	.	.	PUNCT
taxlaw-6680	843	1	§	§	PROPN
taxlaw-6680	843	2	1.707	1.707	NUM
taxlaw-6680	843	3	-	-	SYM
taxlaw-6680	843	4	1(c	1(c	NUM
taxlaw-6680	843	5	)	)	PUNCT
taxlaw-6680	843	6	,	,	PUNCT
taxlaw-6680	843	7	ex	ex	NOUN
taxlaw-6680	843	8	.	.	NOUN
taxlaw-6680	843	9	1	1	NUM
taxlaw-6680	843	10	;	;	PUNCT
taxlaw-6680	843	11	treas	trea	NOUN
taxlaw-6680	843	12	.	.	PUNCT
taxlaw-6680	844	1	reg	reg	PROPN
taxlaw-6680	844	2	.	.	PUNCT
taxlaw-6680	845	1	§	§	PROPN
taxlaw-6680	845	2	1.707	1.707	NUM
taxlaw-6680	845	3	-	-	SYM
taxlaw-6680	845	4	4(a)(4	4(a)(4	NUM
taxlaw-6680	845	5	)	)	PUNCT
taxlaw-6680	845	6	,	,	PUNCT
taxlaw-6680	845	7	ex	ex	NOUN
taxlaw-6680	845	8	.	.	NOUN
taxlaw-6680	845	9	1	1	X
taxlaw-6680	845	10	.	.	PUNCT
taxlaw-6680	846	1	these	these	DET
taxlaw-6680	846	2	two	two	NUM
taxlaw-6680	846	3	distinctions	distinction	NOUN
taxlaw-6680	846	4	,	,	PUNCT
taxlaw-6680	846	5	however	however	ADV
taxlaw-6680	846	6	,	,	PUNCT
taxlaw-6680	846	7	are	be	AUX
taxlaw-6680	846	8	not	not	PART
taxlaw-6680	846	9	significant	significant	ADJ
taxlaw-6680	846	10	enough	enough	ADV
taxlaw-6680	846	11	to	to	PART
taxlaw-6680	846	12	override	override	VERB
taxlaw-6680	846	13	the	the	DET
taxlaw-6680	846	14	fact	fact	NOUN
taxlaw-6680	846	15	that	that	SCONJ
taxlaw-6680	846	16	in	in	ADP
taxlaw-6680	846	17	both	both	DET
taxlaw-6680	846	18	cases	case	NOUN
taxlaw-6680	846	19	,	,	PUNCT
taxlaw-6680	846	20	the	the	DET
taxlaw-6680	846	21	partner	partner	NOUN
taxlaw-6680	846	22	is	be	AUX
taxlaw-6680	846	23	entitled	entitle	VERB
taxlaw-6680	846	24	to	to	ADP
taxlaw-6680	846	25	$	$	SYM
taxlaw-6680	846	26	10,000	10,000	NUM
taxlaw-6680	846	27	regardless	regardless	ADV
taxlaw-6680	846	28	of	of	ADP
taxlaw-6680	846	29	the	the	DET
taxlaw-6680	846	30	partnership	partnership	NOUN
taxlaw-6680	846	31	’s	’s	PART
taxlaw-6680	846	32	economic	economic	ADJ
taxlaw-6680	846	33	performance	performance	NOUN
taxlaw-6680	846	34	.	.	PUNCT
taxlaw-6680	846	35	149	149	NUM
taxlaw-6680	846	36	although	although	SCONJ
taxlaw-6680	846	37	the	the	DET
taxlaw-6680	846	38	treasury	treasury	NOUN
taxlaw-6680	846	39	regulation	regulation	NOUN
taxlaw-6680	846	40	is	be	AUX
taxlaw-6680	846	41	also	also	ADV
taxlaw-6680	846	42	unclear	unclear	ADJ
taxlaw-6680	846	43	on	on	ADP
taxlaw-6680	846	44	this	this	DET
taxlaw-6680	846	45	issue	issue	NOUN
taxlaw-6680	846	46	,	,	PUNCT
taxlaw-6680	846	47	allocation	allocation	NOUN
taxlaw-6680	846	48	of	of	ADP
taxlaw-6680	846	49	partnership	partnership	NOUN
taxlaw-6680	846	50	gross	gross	ADJ
taxlaw-6680	846	51	income	income	NOUN
taxlaw-6680	846	52	and	and	CCONJ
taxlaw-6680	846	53	expense	expense	NOUN
taxlaw-6680	846	54	is	be	AUX
taxlaw-6680	846	55	permitted	permit	VERB
taxlaw-6680	846	56	,	,	PUNCT
taxlaw-6680	846	57	if	if	SCONJ
taxlaw-6680	846	58	not	not	PART
taxlaw-6680	846	59	required	require	VERB
taxlaw-6680	846	60	,	,	PUNCT
taxlaw-6680	846	61	at	at	ADP
taxlaw-6680	846	62	least	least	ADJ
taxlaw-6680	846	63	in	in	ADP
taxlaw-6680	846	64	some	some	DET
taxlaw-6680	846	65	circumstances	circumstance	NOUN
taxlaw-6680	846	66	.	.	PUNCT
taxlaw-6680	847	1	see	see	VERB
taxlaw-6680	847	2	,	,	PUNCT
taxlaw-6680	847	3	e.g.	e.g.	ADV
taxlaw-6680	847	4	,	,	PUNCT
taxlaw-6680	847	5	treas	treas	PROPN
taxlaw-6680	847	6	.	.	PUNCT
taxlaw-6680	848	1	reg	reg	PROPN
taxlaw-6680	848	2	.	.	PUNCT
taxlaw-6680	849	1	§	§	PROPN
taxlaw-6680	849	2	1.704	1.704	NUM
taxlaw-6680	849	3	-	-	NUM
taxlaw-6680	849	4	1(b)(3)(i	1(b)(3)(i	NUM
taxlaw-6680	849	5	)	)	PUNCT
taxlaw-6680	849	6	(	(	PUNCT
taxlaw-6680	849	7	suggesting	suggest	VERB
taxlaw-6680	849	8	that	that	SCONJ
taxlaw-6680	849	9	allocation	allocation	NOUN
taxlaw-6680	849	10	in	in	ADP
taxlaw-6680	849	11	accordance	accordance	NOUN
taxlaw-6680	849	12	with	with	ADP
taxlaw-6680	849	13	partner	partner	NOUN
taxlaw-6680	849	14	’s	’s	PART
taxlaw-6680	849	15	interest	interest	NOUN
taxlaw-6680	849	16	in	in	ADP
taxlaw-6680	849	17	the	the	DET
taxlaw-6680	849	18	partnership	partnership	NOUN
taxlaw-6680	849	19	may	may	AUX
taxlaw-6680	849	20	sometimes	sometimes	ADV
taxlaw-6680	849	21	require	require	VERB
taxlaw-6680	849	22	a	a	DET
taxlaw-6680	849	23	specific	specific	ADJ
taxlaw-6680	849	24	allocation	allocation	NOUN
taxlaw-6680	849	25	of	of	ADP
taxlaw-6680	849	26	partnership	partnership	NOUN
taxlaw-6680	849	27	gross	gross	ADJ
taxlaw-6680	849	28	income	income	NOUN
taxlaw-6680	849	29	,	,	PUNCT
taxlaw-6680	849	30	e.g.	e.g.	ADV
taxlaw-6680	849	31	,	,	PUNCT
taxlaw-6680	849	32	to	to	PART
taxlaw-6680	849	33	reverse	reverse	VERB
taxlaw-6680	849	34	an	an	DET
taxlaw-6680	849	35	unexpected	unexpected	ADJ
taxlaw-6680	849	36	capital	capital	NOUN
taxlaw-6680	849	37	account	account	NOUN
taxlaw-6680	849	38	deficit	deficit	NOUN
taxlaw-6680	849	39	)	)	PUNCT
taxlaw-6680	849	40	.	.	PUNCT
taxlaw-6680	850	1	the	the	DET
taxlaw-6680	850	2	qualified	qualified	ADJ
taxlaw-6680	850	3	income	income	NOUN
taxlaw-6680	850	4	offset	offset	NOUN
taxlaw-6680	850	5	rule	rule	NOUN
taxlaw-6680	850	6	is	be	AUX
taxlaw-6680	850	7	another	another	DET
taxlaw-6680	850	8	example	example	NOUN
taxlaw-6680	850	9	of	of	ADP
taxlaw-6680	850	10	a	a	DET
taxlaw-6680	850	11	required	require	VERB
taxlaw-6680	850	12	allocation	allocation	NOUN
taxlaw-6680	850	13	of	of	ADP
taxlaw-6680	850	14	partnership	partnership	NOUN
taxlaw-6680	850	15	gross	gross	ADJ
taxlaw-6680	850	16	items	item	NOUN
taxlaw-6680	850	17	.	.	PUNCT
taxlaw-6680	851	1	150	150	NUM
taxlaw-6680	851	2	see	see	VERB
taxlaw-6680	851	3	terence	terence	PROPN
taxlaw-6680	851	4	floyd	floyd	PROPN
taxlaw-6680	851	5	cuff	cuff	PROPN
taxlaw-6680	851	6	,	,	PUNCT
taxlaw-6680	851	7	drafting	drafting	NOUN
taxlaw-6680	851	8	and	and	CCONJ
taxlaw-6680	851	9	understanding	understanding	NOUN
taxlaw-6680	851	10	partnership	partnership	NOUN
taxlaw-6680	851	11	and	and	CCONJ
taxlaw-6680	851	12	llc	llc	PROPN
taxlaw-6680	851	13	allocation	allocation	NOUN
taxlaw-6680	851	14	and	and	CCONJ
taxlaw-6680	851	15	distribution	distribution	NOUN
taxlaw-6680	851	16	provisions	provision	NOUN
taxlaw-6680	851	17	§	§	NOUN
taxlaw-6680	851	18	9:5	9:5	NUM
taxlaw-6680	851	19	(	(	PUNCT
taxlaw-6680	851	20	“	"	PUNCT
taxlaw-6680	851	21	the	the	DET
taxlaw-6680	851	22	law	law	NOUN
taxlaw-6680	851	23	on	on	ADP
taxlaw-6680	851	24	guaranteed	guarantee	VERB
taxlaw-6680	851	25	payments	payment	NOUN
taxlaw-6680	851	26	and	and	CCONJ
taxlaw-6680	851	27	capital	capital	NOUN
taxlaw-6680	851	28	shifts	shift	NOUN
taxlaw-6680	851	29	…	…	PUNCT
taxlaw-6680	851	30	is	be	AUX
taxlaw-6680	851	31	not	not	PART
taxlaw-6680	851	32	well	well	ADV
taxlaw-6680	851	33	developed	develop	VERB
taxlaw-6680	851	34	”	"	PUNCT
taxlaw-6680	851	35	)	)	PUNCT
taxlaw-6680	851	36	,	,	PUNCT
taxlaw-6680	851	37	guaranteed	guarantee	VERB
taxlaw-6680	851	38	2019	2019	NUM
taxlaw-6680	851	39	]	]	PUNCT
taxlaw-6680	851	40	a	a	DET
taxlaw-6680	851	41	gain	gain	NOUN
taxlaw-6680	851	42	must	must	AUX
taxlaw-6680	851	43	lie	lie	VERB
taxlaw-6680	851	44	where	where	SCONJ
taxlaw-6680	851	45	it	it	PRON
taxlaw-6680	851	46	falls	fall	VERB
taxlaw-6680	851	47	:	:	PUNCT
taxlaw-6680	851	48	matching	match	VERB
taxlaw-6680	851	49	tax	tax	NOUN
taxlaw-6680	851	50	with	with	ADP
taxlaw-6680	851	51	economics	economic	NOUN
taxlaw-6680	851	52	in	in	ADP
taxlaw-6680	851	53	subchapter	subchapter	NOUN
taxlaw-6680	851	54	k	k	PROPN
taxlaw-6680	851	55	137	137	NUM
taxlaw-6680	851	56	partnership	partnership	NOUN
taxlaw-6680	851	57	allocate	allocate	NOUN
taxlaw-6680	851	58	deductions	deduction	NOUN
taxlaw-6680	851	59	that	that	PRON
taxlaw-6680	851	60	result	result	VERB
taxlaw-6680	851	61	from	from	ADP
taxlaw-6680	851	62	guaranteed	guarantee	VERB
taxlaw-6680	851	63	payments	payment	NOUN
taxlaw-6680	851	64	?	?	PUNCT
taxlaw-6680	852	1	in	in	ADP
taxlaw-6680	852	2	example	example	NOUN
taxlaw-6680	852	3	ten	ten	NUM
taxlaw-6680	852	4	,	,	PUNCT
taxlaw-6680	852	5	if	if	SCONJ
taxlaw-6680	852	6	partnership	partnership	NOUN
taxlaw-6680	852	7	ab	ab	PROPN
taxlaw-6680	852	8	allocates	allocate	VERB
taxlaw-6680	852	9	the	the	DET
taxlaw-6680	852	10	$	$	SYM
taxlaw-6680	852	11	10x	10x	X
taxlaw-6680	852	12	loss	loss	NOUN
taxlaw-6680	852	13	to	to	ADP
taxlaw-6680	852	14	a	a	DET
taxlaw-6680	852	15	rather	rather	ADV
taxlaw-6680	852	16	than	than	ADP
taxlaw-6680	852	17	b	b	NOUN
taxlaw-6680	852	18	,	,	PUNCT
taxlaw-6680	852	19	the	the	DET
taxlaw-6680	852	20	result	result	NOUN
taxlaw-6680	852	21	of	of	ADP
taxlaw-6680	852	22	the	the	DET
taxlaw-6680	852	23	hypothetical	hypothetical	ADJ
taxlaw-6680	852	24	liquidation	liquidation	NOUN
taxlaw-6680	852	25	at	at	ADP
taxlaw-6680	852	26	the	the	DET
taxlaw-6680	852	27	end	end	NOUN
taxlaw-6680	852	28	of	of	ADP
taxlaw-6680	852	29	year	year	NOUN
taxlaw-6680	852	30	1	1	NUM
taxlaw-6680	852	31	will	will	AUX
taxlaw-6680	852	32	obviously	obviously	ADV
taxlaw-6680	852	33	mismatch	mismatch	VERB
taxlaw-6680	852	34	the	the	DET
taxlaw-6680	852	35	result	result	NOUN
taxlaw-6680	852	36	under	under	ADP
taxlaw-6680	852	37	the	the	DET
taxlaw-6680	852	38	primary	primary	ADJ
taxlaw-6680	852	39	test	test	NOUN
taxlaw-6680	852	40	,	,	PUNCT
taxlaw-6680	852	41	and	and	CCONJ
taxlaw-6680	852	42	the	the	DET
taxlaw-6680	852	43	eee	eee	NOUN
taxlaw-6680	852	44	test	test	NOUN
taxlaw-6680	852	45	is	be	AUX
taxlaw-6680	852	46	not	not	PART
taxlaw-6680	852	47	satisfied	satisfied	ADJ
taxlaw-6680	852	48	.	.	PUNCT
taxlaw-6680	853	1	second	second	ADJ
taxlaw-6680	853	2	,	,	PUNCT
taxlaw-6680	853	3	what	what	PRON
taxlaw-6680	853	4	is	be	AUX
taxlaw-6680	853	5	the	the	DET
taxlaw-6680	853	6	limitation	limitation	NOUN
taxlaw-6680	853	7	(	(	PUNCT
taxlaw-6680	853	8	if	if	SCONJ
taxlaw-6680	853	9	any	any	PRON
taxlaw-6680	853	10	)	)	PUNCT
taxlaw-6680	853	11	on	on	ADP
taxlaw-6680	853	12	creating	create	VERB
taxlaw-6680	853	13	partnershiplevel	partnershiplevel	NOUN
taxlaw-6680	853	14	gain	gain	NOUN
taxlaw-6680	853	15	or	or	CCONJ
taxlaw-6680	853	16	loss	loss	NOUN
taxlaw-6680	853	17	using	use	VERB
taxlaw-6680	853	18	guaranteed	guarantee	VERB
taxlaw-6680	853	19	payments	payment	NOUN
taxlaw-6680	853	20	to	to	PART
taxlaw-6680	853	21	fit	fit	VERB
taxlaw-6680	853	22	an	an	DET
taxlaw-6680	853	23	allocation	allocation	NOUN
taxlaw-6680	853	24	into	into	ADP
taxlaw-6680	853	25	the	the	DET
taxlaw-6680	853	26	see	see	ADJ
taxlaw-6680	853	27	safe	safe	ADJ
taxlaw-6680	853	28	harbor	harbor	NOUN
taxlaw-6680	853	29	?	?	PUNCT
taxlaw-6680	854	1	for	for	ADP
taxlaw-6680	854	2	example	example	NOUN
taxlaw-6680	854	3	,	,	PUNCT
taxlaw-6680	854	4	can	can	AUX
taxlaw-6680	854	5	a	a	DET
taxlaw-6680	854	6	partnership	partnership	NOUN
taxlaw-6680	854	7	allocation	allocation	NOUN
taxlaw-6680	854	8	with	with	ADP
taxlaw-6680	854	9	an	an	DET
taxlaw-6680	854	10	obvious	obvious	ADJ
taxlaw-6680	854	11	tax	tax	NOUN
taxlaw-6680	854	12	avoidance	avoidance	NOUN
taxlaw-6680	854	13	motive	motive	NOUN
taxlaw-6680	854	14	as	as	SCONJ
taxlaw-6680	854	15	in	in	ADP
taxlaw-6680	854	16	example	example	NOUN
taxlaw-6680	854	17	eleven	eleven	NUM
taxlaw-6680	854	18	also	also	ADV
taxlaw-6680	854	19	be	be	AUX
taxlaw-6680	854	20	justified	justify	VERB
taxlaw-6680	854	21	under	under	ADP
taxlaw-6680	854	22	the	the	DET
taxlaw-6680	854	23	eee	eee	NOUN
taxlaw-6680	854	24	test	test	NOUN
taxlaw-6680	854	25	through	through	ADP
taxlaw-6680	854	26	the	the	DET
taxlaw-6680	854	27	use	use	NOUN
taxlaw-6680	854	28	of	of	ADP
taxlaw-6680	854	29	guaranteed	guarantee	VERB
taxlaw-6680	854	30	payments	payment	NOUN
taxlaw-6680	854	31	?	?	PUNCT
taxlaw-6680	855	1	the	the	DET
taxlaw-6680	855	2	analysis	analysis	NOUN
taxlaw-6680	855	3	below	below	ADP
taxlaw-6680	855	4	answers	answer	NOUN
taxlaw-6680	855	5	each	each	DET
taxlaw-6680	855	6	question	question	NOUN
taxlaw-6680	855	7	in	in	ADP
taxlaw-6680	855	8	turn	turn	NOUN
taxlaw-6680	855	9	.	.	PUNCT
taxlaw-6680	856	1	1	1	X
taxlaw-6680	856	2	.	.	X
taxlaw-6680	856	3	allocation	allocation	NOUN
taxlaw-6680	856	4	of	of	ADP
taxlaw-6680	856	5	guaranteed	guarantee	VERB
taxlaw-6680	856	6	payment	payment	NOUN
taxlaw-6680	856	7	:	:	PUNCT
taxlaw-6680	856	8	answer	answer	NOUN
taxlaw-6680	856	9	to	to	ADP
taxlaw-6680	856	10	the	the	DET
taxlaw-6680	856	11	first	first	ADJ
taxlaw-6680	856	12	question	question	NOUN
taxlaw-6680	856	13	since	since	SCONJ
taxlaw-6680	856	14	a	a	DET
taxlaw-6680	856	15	guaranteed	guarantee	VERB
taxlaw-6680	856	16	payment	payment	NOUN
taxlaw-6680	856	17	is	be	AUX
taxlaw-6680	856	18	treated	treat	VERB
taxlaw-6680	856	19	as	as	ADP
taxlaw-6680	856	20	a	a	DET
taxlaw-6680	856	21	transaction	transaction	NOUN
taxlaw-6680	856	22	between	between	ADP
taxlaw-6680	856	23	a	a	DET
taxlaw-6680	856	24	partnership	partnership	NOUN
taxlaw-6680	856	25	and	and	CCONJ
taxlaw-6680	856	26	a	a	DET
taxlaw-6680	856	27	nonpartner	nonpartner	NOUN
taxlaw-6680	856	28	solely	solely	ADV
taxlaw-6680	856	29	for	for	ADP
taxlaw-6680	856	30	purposes	purpose	NOUN
taxlaw-6680	856	31	of	of	ADP
taxlaw-6680	856	32	section	section	NOUN
taxlaw-6680	856	33	61(a	61(a	NUM
taxlaw-6680	856	34	)	)	PUNCT
taxlaw-6680	856	35	and	and	CCONJ
taxlaw-6680	856	36	162(a	162(a	NOUN
taxlaw-6680	856	37	)	)	PUNCT
taxlaw-6680	856	38	,	,	PUNCT
taxlaw-6680	856	39	151	151	NUM
taxlaw-6680	856	40	it	it	PRON
taxlaw-6680	856	41	is	be	AUX
taxlaw-6680	856	42	a	a	DET
taxlaw-6680	856	43	partnership	partnership	NOUN
taxlaw-6680	856	44	-	-	PUNCT
taxlaw-6680	856	45	level	level	NOUN
taxlaw-6680	856	46	deduction	deduction	NOUN
taxlaw-6680	856	47	that	that	PRON
taxlaw-6680	856	48	can	can	AUX
taxlaw-6680	856	49	be	be	AUX
taxlaw-6680	856	50	allocated	allocate	VERB
taxlaw-6680	856	51	under	under	ADP
taxlaw-6680	856	52	the	the	DET
taxlaw-6680	856	53	partnership	partnership	NOUN
taxlaw-6680	856	54	agreement	agreement	NOUN
taxlaw-6680	856	55	with	with	ADP
taxlaw-6680	856	56	the	the	DET
taxlaw-6680	856	57	same	same	ADJ
taxlaw-6680	856	58	flexibility	flexibility	NOUN
taxlaw-6680	856	59	and	and	CCONJ
taxlaw-6680	856	60	subject	subject	NOUN
taxlaw-6680	856	61	to	to	ADP
taxlaw-6680	856	62	section	section	NOUN
taxlaw-6680	856	63	704	704	NUM
taxlaw-6680	856	64	regulations.152	regulations.152	NOUN
taxlaw-6680	856	65	thus	thus	ADV
taxlaw-6680	856	66	,	,	PUNCT
taxlaw-6680	856	67	a	a	DET
taxlaw-6680	856	68	partnership	partnership	NOUN
taxlaw-6680	856	69	may	may	AUX
taxlaw-6680	856	70	allocate	allocate	VERB
taxlaw-6680	856	71	some	some	PRON
taxlaw-6680	856	72	or	or	CCONJ
taxlaw-6680	856	73	all	all	PRON
taxlaw-6680	856	74	of	of	ADP
taxlaw-6680	856	75	the	the	DET
taxlaw-6680	856	76	deduction	deduction	NOUN
taxlaw-6680	856	77	from	from	ADP
taxlaw-6680	856	78	guaranteed	guarantee	VERB
taxlaw-6680	856	79	payments	payment	NOUN
taxlaw-6680	856	80	to	to	ADP
taxlaw-6680	856	81	the	the	DET
taxlaw-6680	856	82	partner	partner	NOUN
taxlaw-6680	856	83	receiving	receive	VERB
taxlaw-6680	856	84	such	such	ADJ
taxlaw-6680	856	85	payment	payment	NOUN
taxlaw-6680	856	86	;	;	PUNCT
taxlaw-6680	856	87	no	no	DET
taxlaw-6680	856	88	special	special	ADJ
taxlaw-6680	856	89	rules	rule	NOUN
taxlaw-6680	856	90	seem	seem	VERB
taxlaw-6680	856	91	to	to	PART
taxlaw-6680	856	92	limit	limit	VERB
taxlaw-6680	856	93	this	this	DET
taxlaw-6680	856	94	partnership	partnership	NOUN
taxlaw-6680	856	95	-	-	PUNCT
taxlaw-6680	856	96	level	level	NOUN
taxlaw-6680	856	97	maneuver.153	maneuver.153	NOUN
taxlaw-6680	856	98	however	however	ADV
taxlaw-6680	856	99	,	,	PUNCT
taxlaw-6680	856	100	in	in	ADP
taxlaw-6680	856	101	example	example	NOUN
taxlaw-6680	856	102	ten	ten	NUM
taxlaw-6680	856	103	,	,	PUNCT
taxlaw-6680	856	104	in	in	ADP
taxlaw-6680	856	105	order	order	NOUN
taxlaw-6680	856	106	to	to	PART
taxlaw-6680	856	107	fit	fit	VERB
taxlaw-6680	856	108	the	the	DET
taxlaw-6680	856	109	target	target	NOUN
taxlaw-6680	856	110	allocation	allocation	NOUN
taxlaw-6680	856	111	into	into	ADP
taxlaw-6680	856	112	the	the	DET
taxlaw-6680	856	113	eee	eee	NOUN
taxlaw-6680	856	114	test	test	NOUN
taxlaw-6680	856	115	,	,	PUNCT
taxlaw-6680	856	116	the	the	DET
taxlaw-6680	856	117	partners	partner	NOUN
taxlaw-6680	856	118	must	must	AUX
taxlaw-6680	856	119	provide	provide	VERB
taxlaw-6680	856	120	in	in	ADP
taxlaw-6680	856	121	the	the	DET
taxlaw-6680	856	122	partnership	partnership	NOUN
taxlaw-6680	856	123	agreement	agreement	NOUN
taxlaw-6680	856	124	that	that	PRON
taxlaw-6680	856	125	any	any	DET
taxlaw-6680	856	126	deduction	deduction	NOUN
taxlaw-6680	856	127	from	from	ADP
taxlaw-6680	856	128	preferred	preferred	ADJ
taxlaw-6680	856	129	returns	return	NOUN
taxlaw-6680	856	130	treated	treat	VERB
taxlaw-6680	856	131	as	as	ADP
taxlaw-6680	856	132	a	a	DET
taxlaw-6680	856	133	guaranteed	guarantee	VERB
taxlaw-6680	856	134	payment	payment	NOUN
taxlaw-6680	856	135	must	must	AUX
taxlaw-6680	856	136	be	be	AUX
taxlaw-6680	856	137	allocated	allocate	VERB
taxlaw-6680	856	138	to	to	ADP
taxlaw-6680	856	139	b	b	NOUN
taxlaw-6680	856	140	,	,	PUNCT
taxlaw-6680	856	141	i.e.	i.e.	X
taxlaw-6680	856	142	,	,	PUNCT
taxlaw-6680	856	143	the	the	DET
taxlaw-6680	856	144	general	general	ADJ
taxlaw-6680	856	145	partner.154	partner.154	VERB
taxlaw-6680	856	146	policy	policy	NOUN
taxlaw-6680	856	147	wise	wise	ADJ
taxlaw-6680	856	148	,	,	PUNCT
taxlaw-6680	856	149	the	the	DET
taxlaw-6680	856	150	same	same	ADJ
taxlaw-6680	856	151	flexibility	flexibility	NOUN
taxlaw-6680	856	152	should	should	AUX
taxlaw-6680	856	153	be	be	AUX
taxlaw-6680	856	154	afforded	afford	VERB
taxlaw-6680	856	155	to	to	ADP
taxlaw-6680	856	156	an	an	DET
taxlaw-6680	856	157	allocation	allocation	NOUN
taxlaw-6680	856	158	of	of	ADP
taxlaw-6680	856	159	deductions	deduction	NOUN
taxlaw-6680	856	160	from	from	ADP
taxlaw-6680	856	161	guaranteed	guarantee	VERB
taxlaw-6680	856	162	payments	payment	NOUN
taxlaw-6680	856	163	as	as	ADP
taxlaw-6680	856	164	that	that	PRON
taxlaw-6680	856	165	afforded	afford	VERB
taxlaw-6680	856	166	to	to	ADP
taxlaw-6680	856	167	partnership	partnership	NOUN
taxlaw-6680	856	168	allocations	allocation	NOUN
taxlaw-6680	856	169	in	in	ADP
taxlaw-6680	856	170	general	general	ADJ
taxlaw-6680	856	171	.	.	PUNCT
taxlaw-6680	857	1	that	that	PRON
taxlaw-6680	857	2	is	is	ADV
taxlaw-6680	857	3	,	,	PUNCT
taxlaw-6680	857	4	the	the	DET
taxlaw-6680	857	5	allocation	allocation	NOUN
taxlaw-6680	857	6	should	should	AUX
taxlaw-6680	857	7	be	be	AUX
taxlaw-6680	857	8	respected	respect	VERB
taxlaw-6680	857	9	as	as	ADV
taxlaw-6680	857	10	long	long	ADV
taxlaw-6680	857	11	as	as	SCONJ
taxlaw-6680	857	12	the	the	DET
taxlaw-6680	857	13	requirements	requirement	NOUN
taxlaw-6680	857	14	under	under	ADP
taxlaw-6680	857	15	the	the	DET
taxlaw-6680	857	16	section	section	NOUN
taxlaw-6680	857	17	704	704	NUM
taxlaw-6680	857	18	regulations	regulation	NOUN
taxlaw-6680	857	19	are	be	AUX
taxlaw-6680	857	20	satisfied	satisfied	ADJ
taxlaw-6680	857	21	.	.	PUNCT
taxlaw-6680	858	1	for	for	ADP
taxlaw-6680	858	2	example	example	NOUN
taxlaw-6680	858	3	,	,	PUNCT
taxlaw-6680	858	4	an	an	DET
taxlaw-6680	858	5	allocation	allocation	NOUN
taxlaw-6680	858	6	of	of	ADP
taxlaw-6680	858	7	the	the	DET
taxlaw-6680	858	8	entire	entire	ADJ
taxlaw-6680	858	9	deduction	deduction	NOUN
taxlaw-6680	858	10	from	from	ADP
taxlaw-6680	858	11	the	the	DET
taxlaw-6680	858	12	guaranteed	guarantee	VERB
taxlaw-6680	858	13	payment	payment	NOUN
taxlaw-6680	858	14	to	to	ADP
taxlaw-6680	858	15	the	the	DET
taxlaw-6680	858	16	partner	partner	NOUN
taxlaw-6680	858	17	who	who	PRON
taxlaw-6680	858	18	receives	receive	VERB
taxlaw-6680	858	19	such	such	ADJ
taxlaw-6680	858	20	guaranteed	guarantee	VERB
taxlaw-6680	858	21	payment	payment	NOUN
taxlaw-6680	858	22	is	be	AUX
taxlaw-6680	858	23	similar	similar	ADJ
taxlaw-6680	858	24	to	to	ADP
taxlaw-6680	858	25	that	that	DET
taxlaw-6680	858	26	partner	partner	NOUN
taxlaw-6680	858	27	receiving	receive	VERB
taxlaw-6680	858	28	a	a	DET
taxlaw-6680	858	29	distribution	distribution	NOUN
taxlaw-6680	858	30	.	.	PUNCT
taxlaw-6680	859	1	as	as	ADV
taxlaw-6680	859	2	long	long	ADV
taxlaw-6680	859	3	as	as	ADP
taxlaw-6680	859	4	a	a	DET
taxlaw-6680	859	5	guaranteed	guarantee	VERB
taxlaw-6680	859	6	payment	payment	NOUN
taxlaw-6680	859	7	is	be	AUX
taxlaw-6680	859	8	not	not	PART
taxlaw-6680	859	9	part	part	NOUN
taxlaw-6680	859	10	of	of	ADP
taxlaw-6680	859	11	a	a	DET
taxlaw-6680	859	12	disguised	disguised	ADJ
taxlaw-6680	859	13	transaction	transaction	NOUN
taxlaw-6680	859	14	of	of	ADP
taxlaw-6680	859	15	something	something	PRON
taxlaw-6680	859	16	else	else	ADV
taxlaw-6680	859	17	,	,	PUNCT
taxlaw-6680	859	18	such	such	ADJ
taxlaw-6680	859	19	as	as	ADP
taxlaw-6680	859	20	a	a	DET
taxlaw-6680	859	21	simple	simple	ADJ
taxlaw-6680	859	22	capital	capital	NOUN
taxlaw-6680	859	23	shift	shift	NOUN
taxlaw-6680	859	24	or	or	CCONJ
taxlaw-6680	859	25	a	a	DET
taxlaw-6680	859	26	purchase	purchase	NOUN
taxlaw-6680	859	27	money	money	NOUN
taxlaw-6680	859	28	debt,155	debt,155	NOUN
taxlaw-6680	859	29	section	section	NOUN
taxlaw-6680	859	30	704	704	NUM
taxlaw-6680	859	31	regulations	regulation	NOUN
taxlaw-6680	859	32	should	should	AUX
taxlaw-6680	859	33	be	be	AUX
taxlaw-6680	859	34	enough	enough	ADJ
taxlaw-6680	859	35	to	to	PART
taxlaw-6680	859	36	constrain	constrain	VERB
taxlaw-6680	859	37	the	the	DET
taxlaw-6680	859	38	potential	potential	ADJ
taxlaw-6680	859	39	abuse.156	abuse.156	NOUN
taxlaw-6680	859	40	payments	payment	NOUN
taxlaw-6680	859	41	as	as	ADP
taxlaw-6680	859	42	salaries	salary	NOUN
taxlaw-6680	859	43	,	,	PUNCT
taxlaw-6680	859	44	returns	return	NOUN
taxlaw-6680	859	45	on	on	ADP
taxlaw-6680	859	46	capital	capital	NOUN
taxlaw-6680	859	47	and	and	CCONJ
taxlaw-6680	859	48	minimum	minimum	NOUN
taxlaw-6680	859	49	distributions	distribution	NOUN
taxlaw-6680	859	50	(	(	PUNCT
taxlaw-6680	859	51	2018	2018	NUM
taxlaw-6680	859	52	ed	ed	NOUN
taxlaw-6680	859	53	.	.	PUNCT
taxlaw-6680	859	54	)	)	PUNCT
taxlaw-6680	859	55	.	.	PUNCT
taxlaw-6680	860	1	see	see	VERB
taxlaw-6680	860	2	also	also	ADV
taxlaw-6680	860	3	goldberg	goldberg	PROPN
taxlaw-6680	860	4	,	,	PUNCT
taxlaw-6680	860	5	supra	supra	PROPN
taxlaw-6680	860	6	note	note	NOUN
taxlaw-6680	860	7	54	54	NUM
taxlaw-6680	860	8	at	at	ADP
taxlaw-6680	860	9	663	663	NUM
taxlaw-6680	860	10	,	,	PUNCT
taxlaw-6680	860	11	715	715	NUM
taxlaw-6680	860	12	-	-	SYM
taxlaw-6680	860	13	16	16	NUM
taxlaw-6680	860	14	(	(	PUNCT
taxlaw-6680	860	15	stating	state	VERB
taxlaw-6680	860	16	that	that	SCONJ
taxlaw-6680	860	17	distributions	distribution	NOUN
taxlaw-6680	860	18	resulting	result	VERB
taxlaw-6680	860	19	from	from	ADP
taxlaw-6680	860	20	allocations	allocation	NOUN
taxlaw-6680	860	21	made	make	VERB
taxlaw-6680	860	22	to	to	PART
taxlaw-6680	860	23	reflect	reflect	VERB
taxlaw-6680	860	24	the	the	DET
taxlaw-6680	860	25	partners	partner	NOUN
taxlaw-6680	860	26	’	'	PUNCT
taxlaw-6680	860	27	economic	economic	ADJ
taxlaw-6680	860	28	deal	deal	NOUN
taxlaw-6680	860	29	should	should	AUX
taxlaw-6680	860	30	arguably	arguably	ADV
taxlaw-6680	860	31	be	be	AUX
taxlaw-6680	860	32	treated	treat	VERB
taxlaw-6680	860	33	as	as	ADP
taxlaw-6680	860	34	guaranteed	guarantee	VERB
taxlaw-6680	860	35	payments	payment	NOUN
taxlaw-6680	860	36	,	,	PUNCT
taxlaw-6680	860	37	but	but	CCONJ
taxlaw-6680	860	38	that	that	SCONJ
taxlaw-6680	860	39	it	it	PRON
taxlaw-6680	860	40	is	be	AUX
taxlaw-6680	860	41	unclear	unclear	ADJ
taxlaw-6680	860	42	what	what	PRON
taxlaw-6680	860	43	the	the	DET
taxlaw-6680	860	44	guaranteed	guarantee	VERB
taxlaw-6680	860	45	payment	payment	NOUN
taxlaw-6680	860	46	is	be	AUX
taxlaw-6680	860	47	for	for	ADP
taxlaw-6680	860	48	)	)	PUNCT
taxlaw-6680	860	49	.	.	PUNCT
taxlaw-6680	861	1	151	151	NUM
taxlaw-6680	861	2	treas	trea	NOUN
taxlaw-6680	861	3	.	.	PUNCT
taxlaw-6680	862	1	reg	reg	PROPN
taxlaw-6680	862	2	.	.	PUNCT
taxlaw-6680	863	1	§	§	PROPN
taxlaw-6680	863	2	1.707	1.707	NUM
taxlaw-6680	863	3	-	-	SYM
taxlaw-6680	863	4	1(c	1(c	NUM
taxlaw-6680	863	5	)	)	PUNCT
taxlaw-6680	863	6	.	.	PUNCT
taxlaw-6680	864	1	152	152	NUM
taxlaw-6680	864	2	by	by	ADP
taxlaw-6680	864	3	contrast	contrast	NOUN
taxlaw-6680	864	4	,	,	PUNCT
taxlaw-6680	864	5	a	a	DET
taxlaw-6680	864	6	distributive	distributive	ADJ
taxlaw-6680	864	7	share	share	NOUN
taxlaw-6680	864	8	of	of	ADP
taxlaw-6680	864	9	partnership	partnership	NOUN
taxlaw-6680	864	10	income	income	NOUN
taxlaw-6680	864	11	or	or	CCONJ
taxlaw-6680	864	12	gain	gain	VERB
taxlaw-6680	864	13	to	to	ADP
taxlaw-6680	864	14	one	one	NUM
taxlaw-6680	864	15	partner	partner	NOUN
taxlaw-6680	864	16	,	,	PUNCT
taxlaw-6680	864	17	by	by	ADP
taxlaw-6680	864	18	definition	definition	NOUN
taxlaw-6680	864	19	,	,	PUNCT
taxlaw-6680	864	20	must	must	AUX
taxlaw-6680	864	21	reduce	reduce	VERB
taxlaw-6680	864	22	the	the	DET
taxlaw-6680	864	23	distributive	distributive	ADJ
taxlaw-6680	864	24	share	share	NOUN
taxlaw-6680	864	25	of	of	ADP
taxlaw-6680	864	26	the	the	DET
taxlaw-6680	864	27	same	same	ADJ
taxlaw-6680	864	28	income	income	NOUN
taxlaw-6680	864	29	or	or	CCONJ
taxlaw-6680	864	30	gain	gain	NOUN
taxlaw-6680	864	31	to	to	ADP
taxlaw-6680	864	32	other	other	ADJ
taxlaw-6680	864	33	partners	partner	NOUN
taxlaw-6680	864	34	.	.	PUNCT
taxlaw-6680	865	1	153	153	NUM
taxlaw-6680	865	2	allocating	allocate	VERB
taxlaw-6680	865	3	a	a	DET
taxlaw-6680	865	4	distributive	distributive	ADJ
taxlaw-6680	865	5	share	share	NOUN
taxlaw-6680	865	6	of	of	ADP
taxlaw-6680	865	7	post	post	ADJ
taxlaw-6680	865	8	-	-	ADJ
taxlaw-6680	865	9	guaranteed	guarantee	VERB
taxlaw-6680	865	10	payment	payment	NOUN
taxlaw-6680	865	11	partnership	partnership	NOUN
taxlaw-6680	865	12	income	income	NOUN
taxlaw-6680	865	13	to	to	ADP
taxlaw-6680	865	14	the	the	DET
taxlaw-6680	865	15	partner	partner	NOUN
taxlaw-6680	865	16	receiving	receive	VERB
taxlaw-6680	865	17	the	the	DET
taxlaw-6680	865	18	guaranteed	guarantee	VERB
taxlaw-6680	865	19	payment	payment	NOUN
taxlaw-6680	865	20	is	be	AUX
taxlaw-6680	865	21	certainly	certainly	ADV
taxlaw-6680	865	22	permissible	permissible	ADJ
taxlaw-6680	865	23	.	.	PUNCT
taxlaw-6680	866	1	see	see	VERB
taxlaw-6680	866	2	,	,	PUNCT
taxlaw-6680	866	3	e.g.	e.g.	ADV
taxlaw-6680	866	4	,	,	PUNCT
taxlaw-6680	866	5	treas	treas	PROPN
taxlaw-6680	866	6	.	.	PUNCT
taxlaw-6680	867	1	reg	reg	PROPN
taxlaw-6680	867	2	.	.	PUNCT
taxlaw-6680	868	1	§	§	PROPN
taxlaw-6680	868	2	1.707	1.707	NUM
taxlaw-6680	868	3	-	-	SYM
taxlaw-6680	868	4	1(c	1(c	NUM
taxlaw-6680	868	5	)	)	PUNCT
taxlaw-6680	868	6	,	,	PUNCT
taxlaw-6680	868	7	ex	ex	NOUN
taxlaw-6680	868	8	.	.	NOUN
taxlaw-6680	868	9	1	1	NUM
taxlaw-6680	868	10	,	,	PUNCT
taxlaw-6680	868	11	3	3	NUM
taxlaw-6680	868	12	.	.	X
taxlaw-6680	869	1	there	there	PRON
taxlaw-6680	869	2	is	be	VERB
taxlaw-6680	869	3	no	no	DET
taxlaw-6680	869	4	rule	rule	NOUN
taxlaw-6680	869	5	that	that	PRON
taxlaw-6680	869	6	limits	limit	VERB
taxlaw-6680	869	7	a	a	DET
taxlaw-6680	869	8	special	special	ADJ
taxlaw-6680	869	9	allocation	allocation	NOUN
taxlaw-6680	869	10	of	of	ADP
taxlaw-6680	869	11	guaranteed	guarantee	VERB
taxlaw-6680	869	12	payments	payment	NOUN
taxlaw-6680	869	13	except	except	SCONJ
taxlaw-6680	869	14	for	for	ADP
taxlaw-6680	869	15	rules	rule	NOUN
taxlaw-6680	869	16	that	that	PRON
taxlaw-6680	869	17	limit	limit	VERB
taxlaw-6680	869	18	partnership	partnership	NOUN
taxlaw-6680	869	19	allocation	allocation	NOUN
taxlaw-6680	869	20	overall	overall	ADJ
taxlaw-6680	869	21	,	,	PUNCT
taxlaw-6680	869	22	such	such	ADJ
taxlaw-6680	869	23	as	as	ADP
taxlaw-6680	869	24	the	the	DET
taxlaw-6680	869	25	section	section	NOUN
taxlaw-6680	869	26	704	704	NUM
taxlaw-6680	869	27	regulations	regulation	NOUN
taxlaw-6680	869	28	.	.	PUNCT
taxlaw-6680	870	1	154	154	NUM
taxlaw-6680	870	2	otherwise	otherwise	ADV
taxlaw-6680	870	3	,	,	PUNCT
taxlaw-6680	870	4	the	the	DET
taxlaw-6680	870	5	target	target	NOUN
taxlaw-6680	870	6	liquidation	liquidation	NOUN
taxlaw-6680	870	7	result	result	NOUN
taxlaw-6680	870	8	will	will	AUX
taxlaw-6680	870	9	mismatch	mismatch	VERB
taxlaw-6680	870	10	that	that	SCONJ
taxlaw-6680	870	11	under	under	ADP
taxlaw-6680	870	12	the	the	DET
taxlaw-6680	870	13	primary	primary	ADJ
taxlaw-6680	870	14	test	test	NOUN
taxlaw-6680	870	15	of	of	ADP
taxlaw-6680	870	16	the	the	DET
taxlaw-6680	870	17	see	see	ADJ
taxlaw-6680	870	18	safe	safe	ADJ
taxlaw-6680	870	19	harbor	harbor	NOUN
taxlaw-6680	870	20	.	.	PUNCT
taxlaw-6680	871	1	for	for	ADP
taxlaw-6680	871	2	example	example	NOUN
taxlaw-6680	871	3	,	,	PUNCT
taxlaw-6680	871	4	if	if	SCONJ
taxlaw-6680	871	5	the	the	DET
taxlaw-6680	871	6	$	$	SYM
taxlaw-6680	871	7	10x	10x	NUM
taxlaw-6680	871	8	deduction	deduction	NOUN
taxlaw-6680	871	9	from	from	ADP
taxlaw-6680	871	10	the	the	DET
taxlaw-6680	871	11	guaranteed	guarantee	VERB
taxlaw-6680	871	12	payment	payment	NOUN
taxlaw-6680	871	13	is	be	AUX
taxlaw-6680	871	14	allocated	allocate	VERB
taxlaw-6680	871	15	entirely	entirely	ADV
taxlaw-6680	871	16	to	to	ADP
taxlaw-6680	871	17	a	a	DET
taxlaw-6680	871	18	,	,	PUNCT
taxlaw-6680	871	19	a	a	DET
taxlaw-6680	871	20	’s	’s	ADJ
taxlaw-6680	871	21	capital	capital	NOUN
taxlaw-6680	871	22	account	account	NOUN
taxlaw-6680	871	23	balance	balance	NOUN
taxlaw-6680	871	24	under	under	ADP
taxlaw-6680	871	25	the	the	DET
taxlaw-6680	871	26	primary	primary	ADJ
taxlaw-6680	871	27	test	test	NOUN
taxlaw-6680	871	28	would	would	AUX
taxlaw-6680	871	29	be	be	AUX
taxlaw-6680	871	30	$	$	SYM
taxlaw-6680	871	31	90x	90x	NOUN
taxlaw-6680	871	32	while	while	SCONJ
taxlaw-6680	871	33	a	a	PRON
taxlaw-6680	871	34	is	be	AUX
taxlaw-6680	871	35	entitled	entitle	VERB
taxlaw-6680	871	36	to	to	ADP
taxlaw-6680	871	37	$	$	SYM
taxlaw-6680	871	38	100x	100x	NUM
taxlaw-6680	871	39	in	in	ADP
taxlaw-6680	871	40	a	a	DET
taxlaw-6680	871	41	liquidation	liquidation	NOUN
taxlaw-6680	871	42	without	without	ADP
taxlaw-6680	871	43	considering	consider	VERB
taxlaw-6680	871	44	the	the	DET
taxlaw-6680	871	45	guaranteed	guarantee	VERB
taxlaw-6680	871	46	payment	payment	NOUN
taxlaw-6680	871	47	.	.	PUNCT
taxlaw-6680	872	1	note	note	NOUN
taxlaw-6680	872	2	that	that	SCONJ
taxlaw-6680	872	3	guaranteed	guarantee	VERB
taxlaw-6680	872	4	payment	payment	NOUN
taxlaw-6680	872	5	income	income	NOUN
taxlaw-6680	872	6	does	do	AUX
taxlaw-6680	872	7	n’t	not	PART
taxlaw-6680	872	8	increase	increase	VERB
taxlaw-6680	872	9	the	the	DET
taxlaw-6680	872	10	capital	capital	NOUN
taxlaw-6680	872	11	account	account	NOUN
taxlaw-6680	872	12	balance	balance	NOUN
taxlaw-6680	872	13	of	of	ADP
taxlaw-6680	872	14	its	its	PRON
taxlaw-6680	872	15	recipient	recipient	NOUN
taxlaw-6680	872	16	-	-	PUNCT
taxlaw-6680	872	17	partner	partner	NOUN
taxlaw-6680	872	18	.	.	PUNCT
taxlaw-6680	873	1	see	see	VERB
taxlaw-6680	873	2	,	,	PUNCT
taxlaw-6680	873	3	e.g.	e.g.	ADV
taxlaw-6680	873	4	,	,	PUNCT
taxlaw-6680	873	5	treas	treas	PROPN
taxlaw-6680	873	6	.	.	PUNCT
taxlaw-6680	874	1	reg	reg	PROPN
taxlaw-6680	874	2	.	.	PUNCT
taxlaw-6680	875	1	§	§	PROPN
taxlaw-6680	875	2	1.707	1.707	NUM
taxlaw-6680	875	3	-	-	SYM
taxlaw-6680	875	4	4(a)(4	4(a)(4	NUM
taxlaw-6680	875	5	)	)	PUNCT
taxlaw-6680	875	6	,	,	PUNCT
taxlaw-6680	875	7	ex	ex	X
taxlaw-6680	875	8	.	.	X
taxlaw-6680	875	9	(	(	PUNCT
taxlaw-6680	875	10	2)(iv	2)(iv	NUM
taxlaw-6680	875	11	)	)	PUNCT
taxlaw-6680	875	12	.	.	PUNCT
taxlaw-6680	876	1	155	155	NUM
taxlaw-6680	876	2	for	for	ADP
taxlaw-6680	876	3	an	an	DET
taxlaw-6680	876	4	example	example	NOUN
taxlaw-6680	876	5	of	of	ADP
taxlaw-6680	876	6	disguised	disguised	ADJ
taxlaw-6680	876	7	purchase	purchase	NOUN
taxlaw-6680	876	8	money	money	NOUN
taxlaw-6680	876	9	debt	debt	NOUN
taxlaw-6680	876	10	,	,	PUNCT
taxlaw-6680	876	11	see	see	VERB
taxlaw-6680	876	12	treas	treas	PROPN
taxlaw-6680	876	13	.	.	PUNCT
taxlaw-6680	877	1	reg	reg	PROPN
taxlaw-6680	877	2	.	.	PUNCT
taxlaw-6680	878	1	§	§	PROPN
taxlaw-6680	878	2	1.707	1.707	NUM
taxlaw-6680	878	3	-	-	SYM
taxlaw-6680	878	4	4(a)(4	4(a)(4	NUM
taxlaw-6680	878	5	)	)	PUNCT
taxlaw-6680	878	6	,	,	PUNCT
taxlaw-6680	878	7	ex	ex	NOUN
taxlaw-6680	878	8	.	.	NOUN
taxlaw-6680	878	9	2	2	NUM
taxlaw-6680	878	10	.	.	NUM
taxlaw-6680	878	11	156	156	NUM
taxlaw-6680	878	12	see	see	VERB
taxlaw-6680	878	13	discussion	discussion	NOUN
taxlaw-6680	878	14	below	below	ADP
taxlaw-6680	878	15	for	for	ADP
taxlaw-6680	878	16	transactions	transaction	NOUN
taxlaw-6680	878	17	disguised	disguise	VERB
taxlaw-6680	878	18	as	as	ADP
taxlaw-6680	878	19	guaranteed	guarantee	VERB
taxlaw-6680	878	20	payments	payment	NOUN
taxlaw-6680	878	21	.	.	PUNCT
taxlaw-6680	879	1	[	[	X
taxlaw-6680	879	2	vol	vol	NOUN
taxlaw-6680	879	3	.	.	PUNCT
taxlaw-6680	879	4	11:1	11:1	NUM
taxlaw-6680	879	5	columbia	columbia	PROPN
taxlaw-6680	879	6	journal	journal	PROPN
taxlaw-6680	879	7	of	of	ADP
taxlaw-6680	879	8	tax	tax	NOUN
taxlaw-6680	879	9	law	law	NOUN
taxlaw-6680	879	10	138	138	NUM
taxlaw-6680	879	11	2	2	NUM
taxlaw-6680	879	12	.	.	PUNCT
taxlaw-6680	879	13	limitation	limitation	NOUN
taxlaw-6680	879	14	on	on	ADP
taxlaw-6680	879	15	using	use	VERB
taxlaw-6680	879	16	guaranteed	guarantee	VERB
taxlaw-6680	879	17	payment	payment	NOUN
taxlaw-6680	879	18	to	to	PART
taxlaw-6680	879	19	satisfy	satisfy	VERB
taxlaw-6680	879	20	the	the	DET
taxlaw-6680	879	21	see	see	ADJ
taxlaw-6680	879	22	safe	safe	ADJ
taxlaw-6680	879	23	harbor	harbor	NOUN
taxlaw-6680	879	24	:	:	PUNCT
taxlaw-6680	879	25	answer	answer	VERB
taxlaw-6680	879	26	to	to	ADP
taxlaw-6680	879	27	the	the	DET
taxlaw-6680	879	28	second	second	ADJ
taxlaw-6680	879	29	question	question	NOUN
taxlaw-6680	879	30	as	as	SCONJ
taxlaw-6680	879	31	discussed	discuss	VERB
taxlaw-6680	879	32	in	in	ADP
taxlaw-6680	879	33	part	part	NOUN
taxlaw-6680	879	34	iv.b.1	iv.b.1	NOUN
taxlaw-6680	879	35	,	,	PUNCT
taxlaw-6680	879	36	although	although	SCONJ
taxlaw-6680	879	37	a	a	DET
taxlaw-6680	879	38	deduction	deduction	NOUN
taxlaw-6680	879	39	from	from	ADP
taxlaw-6680	879	40	a	a	DET
taxlaw-6680	879	41	guaranteed	guarantee	VERB
taxlaw-6680	879	42	payment	payment	NOUN
taxlaw-6680	879	43	should	should	AUX
taxlaw-6680	879	44	be	be	AUX
taxlaw-6680	879	45	permitted	permit	VERB
taxlaw-6680	879	46	to	to	PART
taxlaw-6680	879	47	be	be	AUX
taxlaw-6680	879	48	allocated	allocate	VERB
taxlaw-6680	879	49	like	like	ADP
taxlaw-6680	879	50	a	a	DET
taxlaw-6680	879	51	regular	regular	ADJ
taxlaw-6680	879	52	partnership	partnership	NOUN
taxlaw-6680	879	53	-	-	PUNCT
taxlaw-6680	879	54	level	level	NOUN
taxlaw-6680	879	55	deduction	deduction	NOUN
taxlaw-6680	879	56	,	,	PUNCT
taxlaw-6680	879	57	there	there	PRON
taxlaw-6680	879	58	should	should	AUX
taxlaw-6680	879	59	not	not	PART
taxlaw-6680	879	60	be	be	AUX
taxlaw-6680	879	61	unlimited	unlimited	ADJ
taxlaw-6680	879	62	ability	ability	NOUN
taxlaw-6680	879	63	to	to	PART
taxlaw-6680	879	64	designate	designate	VERB
taxlaw-6680	879	65	any	any	DET
taxlaw-6680	879	66	payment	payment	NOUN
taxlaw-6680	879	67	by	by	ADP
taxlaw-6680	879	68	a	a	DET
taxlaw-6680	879	69	partnership	partnership	NOUN
taxlaw-6680	879	70	to	to	ADP
taxlaw-6680	879	71	a	a	DET
taxlaw-6680	879	72	partner	partner	NOUN
taxlaw-6680	879	73	that	that	PRON
taxlaw-6680	879	74	is	be	AUX
taxlaw-6680	879	75	not	not	PART
taxlaw-6680	879	76	based	base	VERB
taxlaw-6680	879	77	on	on	ADP
taxlaw-6680	879	78	partnership	partnership	NOUN
taxlaw-6680	879	79	income	income	NOUN
taxlaw-6680	879	80	as	as	ADP
taxlaw-6680	879	81	a	a	DET
taxlaw-6680	879	82	guaranteed	guarantee	VERB
taxlaw-6680	879	83	payment.157	payment.157	NOUN
taxlaw-6680	879	84	as	as	ADP
taxlaw-6680	879	85	the	the	DET
taxlaw-6680	879	86	extreme	extreme	ADJ
taxlaw-6680	879	87	cases	case	NOUN
taxlaw-6680	879	88	in	in	ADP
taxlaw-6680	879	89	example	example	NOUN
taxlaw-6680	879	90	eleven	eleven	NUM
taxlaw-6680	879	91	and	and	CCONJ
taxlaw-6680	879	92	example	example	NOUN
taxlaw-6680	879	93	twelve	twelve	NUM
taxlaw-6680	879	94	(	(	PUNCT
taxlaw-6680	879	95	below	below	ADJ
taxlaw-6680	879	96	)	)	PUNCT
taxlaw-6680	879	97	show	show	NOUN
taxlaw-6680	879	98	,	,	PUNCT
taxlaw-6680	879	99	such	such	ADJ
taxlaw-6680	879	100	unlimited	unlimited	ADJ
taxlaw-6680	879	101	ability	ability	NOUN
taxlaw-6680	879	102	is	be	AUX
taxlaw-6680	879	103	equivalent	equivalent	ADJ
taxlaw-6680	879	104	to	to	ADP
taxlaw-6680	879	105	a	a	DET
taxlaw-6680	879	106	repeal	repeal	NOUN
taxlaw-6680	879	107	of	of	ADP
taxlaw-6680	879	108	the	the	DET
taxlaw-6680	879	109	implied	imply	VERB
taxlaw-6680	879	110	“	"	PUNCT
taxlaw-6680	879	111	ceiling	ceiling	NOUN
taxlaw-6680	879	112	rule	rule	NOUN
taxlaw-6680	879	113	”	"	PUNCT
taxlaw-6680	879	114	under	under	ADP
taxlaw-6680	879	115	the	the	DET
taxlaw-6680	879	116	section	section	NOUN
taxlaw-6680	879	117	704	704	NUM
taxlaw-6680	879	118	regulations	regulation	NOUN
taxlaw-6680	879	119	and	and	CCONJ
taxlaw-6680	879	120	significantly	significantly	ADV
taxlaw-6680	879	121	undermines	undermine	VERB
taxlaw-6680	879	122	the	the	DET
taxlaw-6680	879	123	goal	goal	NOUN
taxlaw-6680	879	124	that	that	PRON
taxlaw-6680	879	125	the	the	DET
taxlaw-6680	879	126	see	see	ADJ
taxlaw-6680	879	127	safe	safe	ADJ
taxlaw-6680	879	128	harbor	harbor	NOUN
taxlaw-6680	879	129	is	be	AUX
taxlaw-6680	879	130	intended	intend	VERB
taxlaw-6680	879	131	to	to	PART
taxlaw-6680	879	132	achieve	achieve	VERB
taxlaw-6680	879	133	.	.	PUNCT
taxlaw-6680	880	1	example	example	NOUN
taxlaw-6680	880	2	twelve	twelve	NUM
taxlaw-6680	880	3	a	a	DET
taxlaw-6680	880	4	and	and	CCONJ
taxlaw-6680	880	5	b	b	NOUN
taxlaw-6680	880	6	each	each	PRON
taxlaw-6680	880	7	contributes	contribute	VERB
taxlaw-6680	880	8	$	$	SYM
taxlaw-6680	880	9	100x	100x	NUM
taxlaw-6680	880	10	cash	cash	NOUN
taxlaw-6680	880	11	to	to	PART
taxlaw-6680	880	12	form	form	VERB
taxlaw-6680	880	13	partnership	partnership	PROPN
taxlaw-6680	880	14	ab	ab	PROPN
taxlaw-6680	880	15	.	.	PUNCT
taxlaw-6680	881	1	the	the	DET
taxlaw-6680	881	2	partnership	partnership	NOUN
taxlaw-6680	881	3	purchases	purchase	VERB
taxlaw-6680	881	4	equipment	equipment	NOUN
taxlaw-6680	881	5	for	for	ADP
taxlaw-6680	881	6	$	$	SYM
taxlaw-6680	881	7	100x	100x	NUM
taxlaw-6680	881	8	and	and	CCONJ
taxlaw-6680	881	9	keeps	keep	VERB
taxlaw-6680	881	10	$	$	SYM
taxlaw-6680	881	11	100x	100x	NUM
taxlaw-6680	881	12	cash	cash	NOUN
taxlaw-6680	881	13	.	.	PUNCT
taxlaw-6680	882	1	a	a	DET
taxlaw-6680	882	2	and	and	CCONJ
taxlaw-6680	882	3	b	b	NOUN
taxlaw-6680	882	4	’s	’s	NOUN
taxlaw-6680	882	5	partnership	partnership	NOUN
taxlaw-6680	882	6	agreement	agreement	NOUN
taxlaw-6680	882	7	provides	provide	VERB
taxlaw-6680	882	8	that	that	SCONJ
taxlaw-6680	882	9	(	(	PUNCT
taxlaw-6680	882	10	1	1	X
taxlaw-6680	882	11	)	)	PUNCT
taxlaw-6680	882	12	capital	capital	NOUN
taxlaw-6680	882	13	accounts	account	NOUN
taxlaw-6680	882	14	are	be	AUX
taxlaw-6680	882	15	maintained	maintain	VERB
taxlaw-6680	882	16	according	accord	VERB
taxlaw-6680	882	17	to	to	ADP
taxlaw-6680	882	18	the	the	DET
taxlaw-6680	882	19	section	section	NOUN
taxlaw-6680	882	20	704	704	NUM
taxlaw-6680	882	21	regulations	regulation	NOUN
taxlaw-6680	882	22	;	;	PUNCT
taxlaw-6680	882	23	(	(	PUNCT
taxlaw-6680	882	24	2	2	X
taxlaw-6680	882	25	)	)	PUNCT
taxlaw-6680	882	26	liquidating	liquidating	NOUN
taxlaw-6680	882	27	distributions	distribution	NOUN
taxlaw-6680	882	28	are	be	AUX
taxlaw-6680	882	29	made	make	VERB
taxlaw-6680	882	30	according	accord	VERB
taxlaw-6680	882	31	to	to	ADP
taxlaw-6680	882	32	positive	positive	ADJ
taxlaw-6680	882	33	capital	capital	NOUN
taxlaw-6680	882	34	account	account	NOUN
taxlaw-6680	882	35	balances	balance	NOUN
taxlaw-6680	882	36	;	;	PUNCT
taxlaw-6680	882	37	(	(	PUNCT
taxlaw-6680	882	38	3	3	X
taxlaw-6680	882	39	)	)	PUNCT
taxlaw-6680	882	40	each	each	DET
taxlaw-6680	882	41	partner	partner	NOUN
taxlaw-6680	882	42	has	have	VERB
taxlaw-6680	882	43	an	an	DET
taxlaw-6680	882	44	unlimited	unlimited	ADJ
taxlaw-6680	882	45	dro	dro	NOUN
taxlaw-6680	882	46	;	;	PUNCT
taxlaw-6680	882	47	(	(	PUNCT
taxlaw-6680	882	48	4	4	X
taxlaw-6680	882	49	)	)	PUNCT
taxlaw-6680	882	50	all	all	DET
taxlaw-6680	882	51	partnership	partnership	NOUN
taxlaw-6680	882	52	items	item	NOUN
taxlaw-6680	882	53	are	be	AUX
taxlaw-6680	882	54	allocated	allocate	VERB
taxlaw-6680	882	55	equally	equally	ADV
taxlaw-6680	882	56	except	except	SCONJ
taxlaw-6680	882	57	that	that	SCONJ
taxlaw-6680	882	58	all	all	DET
taxlaw-6680	882	59	depreciation	depreciation	NOUN
taxlaw-6680	882	60	from	from	ADP
taxlaw-6680	882	61	the	the	DET
taxlaw-6680	882	62	equipment	equipment	NOUN
taxlaw-6680	882	63	is	be	AUX
taxlaw-6680	882	64	allocated	allocate	VERB
taxlaw-6680	882	65	to	to	ADP
taxlaw-6680	882	66	a	a	PRON
taxlaw-6680	882	67	;	;	PUNCT
taxlaw-6680	882	68	(	(	PUNCT
taxlaw-6680	882	69	5	5	NUM
taxlaw-6680	882	70	)	)	PUNCT
taxlaw-6680	882	71	in	in	ADP
taxlaw-6680	882	72	the	the	DET
taxlaw-6680	882	73	year	year	NOUN
taxlaw-6680	882	74	of	of	ADP
taxlaw-6680	882	75	liquidation	liquidation	NOUN
taxlaw-6680	882	76	,	,	PUNCT
taxlaw-6680	882	77	a	a	PRON
taxlaw-6680	882	78	is	be	AUX
taxlaw-6680	882	79	entitled	entitle	VERB
taxlaw-6680	882	80	to	to	ADP
taxlaw-6680	882	81	a	a	DET
taxlaw-6680	882	82	50	50	NUM
taxlaw-6680	882	83	%	%	NOUN
taxlaw-6680	882	84	preferred	preferred	ADJ
taxlaw-6680	882	85	return	return	NOUN
taxlaw-6680	882	86	on	on	ADP
taxlaw-6680	882	87	initially	initially	ADV
taxlaw-6680	882	88	invested	invest	VERB
taxlaw-6680	882	89	capital	capital	NOUN
taxlaw-6680	882	90	that	that	PRON
taxlaw-6680	882	91	is	be	AUX
taxlaw-6680	882	92	designated	designate	VERB
taxlaw-6680	882	93	as	as	ADP
taxlaw-6680	882	94	a	a	DET
taxlaw-6680	882	95	guaranteed	guarantee	VERB
taxlaw-6680	882	96	payment	payment	NOUN
taxlaw-6680	882	97	,	,	PUNCT
taxlaw-6680	882	98	and	and	CCONJ
taxlaw-6680	882	99	the	the	DET
taxlaw-6680	882	100	partnership	partnership	NOUN
taxlaw-6680	882	101	-	-	PUNCT
taxlaw-6680	882	102	level	level	NOUN
taxlaw-6680	882	103	deduction	deduction	NOUN
taxlaw-6680	882	104	from	from	ADP
taxlaw-6680	882	105	such	such	ADJ
taxlaw-6680	882	106	guaranteed	guarantee	VERB
taxlaw-6680	882	107	payment	payment	NOUN
taxlaw-6680	882	108	is	be	AUX
taxlaw-6680	882	109	specifically	specifically	ADV
taxlaw-6680	882	110	allocated	allocate	VERB
taxlaw-6680	882	111	to	to	ADP
taxlaw-6680	882	112	b.	b.	PROPN
taxlaw-6680	882	113	assuming	assume	VERB
taxlaw-6680	882	114	that	that	SCONJ
taxlaw-6680	882	115	the	the	DET
taxlaw-6680	882	116	partnership	partnership	NOUN
taxlaw-6680	882	117	breaks	break	VERB
taxlaw-6680	882	118	even	even	ADV
taxlaw-6680	882	119	each	each	DET
taxlaw-6680	882	120	year	year	NOUN
taxlaw-6680	882	121	except	except	SCONJ
taxlaw-6680	882	122	for	for	ADP
taxlaw-6680	882	123	depreciation	depreciation	NOUN
taxlaw-6680	882	124	,	,	PUNCT
taxlaw-6680	882	125	the	the	DET
taxlaw-6680	882	126	equipment	equipment	NOUN
taxlaw-6680	882	127	’s	’s	PART
taxlaw-6680	882	128	value	value	NOUN
taxlaw-6680	882	129	at	at	ADP
taxlaw-6680	882	130	liquidation	liquidation	NOUN
taxlaw-6680	882	131	is	be	AUX
taxlaw-6680	882	132	equal	equal	ADJ
taxlaw-6680	882	133	to	to	ADP
taxlaw-6680	882	134	its	its	PRON
taxlaw-6680	882	135	adjusted	adjusted	ADJ
taxlaw-6680	882	136	book	book	NOUN
taxlaw-6680	882	137	value	value	NOUN
taxlaw-6680	882	138	,	,	PUNCT
taxlaw-6680	882	139	and	and	CCONJ
taxlaw-6680	882	140	partnership	partnership	NOUN
taxlaw-6680	882	141	ab	ab	PROPN
taxlaw-6680	882	142	is	be	AUX
taxlaw-6680	882	143	liquidated	liquidate	VERB
taxlaw-6680	882	144	after	after	SCONJ
taxlaw-6680	882	145	the	the	DET
taxlaw-6680	882	146	equipment	equipment	NOUN
taxlaw-6680	882	147	is	be	AUX
taxlaw-6680	882	148	fully	fully	ADV
taxlaw-6680	882	149	depreciated	depreciate	VERB
taxlaw-6680	882	150	.	.	PUNCT
taxlaw-6680	883	1	as	as	SCONJ
taxlaw-6680	883	2	the	the	DET
taxlaw-6680	883	3	reader	reader	NOUN
taxlaw-6680	883	4	might	might	AUX
taxlaw-6680	883	5	have	have	AUX
taxlaw-6680	883	6	already	already	ADV
taxlaw-6680	883	7	noticed	notice	VERB
taxlaw-6680	883	8	,	,	PUNCT
taxlaw-6680	883	9	the	the	DET
taxlaw-6680	883	10	partners	partner	NOUN
taxlaw-6680	883	11	in	in	ADP
taxlaw-6680	883	12	example	example	NOUN
taxlaw-6680	883	13	twelve	twelve	NUM
taxlaw-6680	883	14	intend	intend	VERB
taxlaw-6680	883	15	to	to	PART
taxlaw-6680	883	16	achieve	achieve	VERB
taxlaw-6680	883	17	a	a	DET
taxlaw-6680	883	18	goal	goal	NOUN
taxlaw-6680	883	19	similar	similar	ADJ
taxlaw-6680	883	20	to	to	ADP
taxlaw-6680	883	21	what	what	PRON
taxlaw-6680	883	22	the	the	DET
taxlaw-6680	883	23	orrischs	orrisch	NOUN
taxlaw-6680	883	24	in	in	ADP
taxlaw-6680	883	25	orrisch	orrisch	PROPN
taxlaw-6680	883	26	v.	v.	ADP
taxlaw-6680	883	27	commissioner	commissioner	NOUN
taxlaw-6680	883	28	tried	try	VERB
taxlaw-6680	883	29	to	to	PART
taxlaw-6680	883	30	achieve	achieve	VERB
taxlaw-6680	883	31	,	,	PUNCT
taxlaw-6680	883	32	but	but	CCONJ
taxlaw-6680	883	33	through	through	ADP
taxlaw-6680	883	34	a	a	DET
taxlaw-6680	883	35	different	different	ADJ
taxlaw-6680	883	36	route.158	route.158	NOUN
taxlaw-6680	883	37	to	to	PART
taxlaw-6680	883	38	be	be	AUX
taxlaw-6680	883	39	sure	sure	ADJ
taxlaw-6680	883	40	,	,	PUNCT
taxlaw-6680	883	41	a	a	DET
taxlaw-6680	883	42	and	and	CCONJ
taxlaw-6680	883	43	b	b	NOUN
taxlaw-6680	883	44	’s	’s	NOUN
taxlaw-6680	883	45	partnership	partnership	NOUN
taxlaw-6680	883	46	agreement	agreement	NOUN
taxlaw-6680	883	47	satisfies	satisfy	VERB
taxlaw-6680	883	48	the	the	DET
taxlaw-6680	883	49	primary	primary	ADJ
taxlaw-6680	883	50	test	test	NOUN
taxlaw-6680	883	51	of	of	ADP
taxlaw-6680	883	52	the	the	DET
taxlaw-6680	883	53	see	see	ADJ
taxlaw-6680	883	54	safe	safe	ADJ
taxlaw-6680	883	55	harbor	harbor	NOUN
taxlaw-6680	883	56	perfectly	perfectly	ADV
taxlaw-6680	883	57	,	,	PUNCT
taxlaw-6680	883	58	but	but	CCONJ
taxlaw-6680	883	59	nonetheless	nonetheless	ADV
taxlaw-6680	883	60	contains	contain	VERB
taxlaw-6680	883	61	the	the	DET
taxlaw-6680	883	62	same	same	ADJ
taxlaw-6680	883	63	abuse	abuse	NOUN
taxlaw-6680	883	64	that	that	SCONJ
taxlaw-6680	883	65	the	the	DET
taxlaw-6680	883	66	see	see	ADJ
taxlaw-6680	883	67	safe	safe	ADJ
taxlaw-6680	883	68	harbor	harbor	NOUN
taxlaw-6680	883	69	is	be	AUX
taxlaw-6680	883	70	intended	intend	VERB
taxlaw-6680	883	71	to	to	PART
taxlaw-6680	883	72	address	address	VERB
taxlaw-6680	883	73	.	.	PUNCT
taxlaw-6680	884	1	the	the	DET
taxlaw-6680	884	2	“	"	PUNCT
taxlaw-6680	884	3	last	last	ADJ
taxlaw-6680	884	4	-	-	PUNCT
taxlaw-6680	884	5	minute	minute	NOUN
taxlaw-6680	884	6	”	"	PUNCT
taxlaw-6680	884	7	guaranteed	guarantee	VERB
taxlaw-6680	884	8	payment	payment	NOUN
taxlaw-6680	884	9	ensures	ensure	VERB
taxlaw-6680	884	10	that	that	SCONJ
taxlaw-6680	884	11	the	the	DET
taxlaw-6680	884	12	partners	partner	NOUN
taxlaw-6680	884	13	will	will	AUX
taxlaw-6680	884	14	share	share	VERB
taxlaw-6680	884	15	the	the	DET
taxlaw-6680	884	16	partnership	partnership	NOUN
taxlaw-6680	884	17	net	net	ADJ
taxlaw-6680	884	18	assets	asset	NOUN
taxlaw-6680	884	19	equally	equally	ADV
taxlaw-6680	884	20	at	at	ADP
taxlaw-6680	884	21	liquidation	liquidation	NOUN
taxlaw-6680	884	22	,	,	PUNCT
taxlaw-6680	884	23	but	but	CCONJ
taxlaw-6680	884	24	all	all	DET
taxlaw-6680	884	25	depreciation	depreciation	NOUN
taxlaw-6680	884	26	from	from	ADP
taxlaw-6680	884	27	the	the	DET
taxlaw-6680	884	28	equipment	equipment	NOUN
taxlaw-6680	884	29	is	be	AUX
taxlaw-6680	884	30	allocated	allocate	VERB
taxlaw-6680	884	31	to	to	ADP
taxlaw-6680	884	32	a	a	PRON
taxlaw-6680	884	33	for	for	ADP
taxlaw-6680	884	34	tax	tax	NOUN
taxlaw-6680	884	35	purposes	purpose	NOUN
taxlaw-6680	884	36	.	.	PUNCT
taxlaw-6680	885	1	the	the	DET
taxlaw-6680	885	2	net	net	ADJ
taxlaw-6680	885	3	effect	effect	NOUN
taxlaw-6680	885	4	is	be	AUX
taxlaw-6680	885	5	what	what	PRON
taxlaw-6680	885	6	the	the	DET
taxlaw-6680	885	7	orrisch	orrisch	PROPN
taxlaw-6680	885	8	court	court	NOUN
taxlaw-6680	885	9	described	describe	VERB
taxlaw-6680	885	10	as	as	ADP
taxlaw-6680	885	11	a	a	DET
taxlaw-6680	885	12	“	"	PUNCT
taxlaw-6680	885	13	trade	trade	NOUN
taxlaw-6680	885	14	of	of	ADP
taxlaw-6680	885	15	tax	tax	NOUN
taxlaw-6680	885	16	consequences	consequence	NOUN
taxlaw-6680	885	17	.	.	PUNCT
taxlaw-6680	886	1	”159	”159	PUNCT
taxlaw-6680	887	1	like	like	ADP
taxlaw-6680	887	2	example	example	NOUN
taxlaw-6680	887	3	eleven	eleven	NUM
taxlaw-6680	887	4	,	,	PUNCT
taxlaw-6680	887	5	the	the	DET
taxlaw-6680	887	6	tax	tax	NOUN
taxlaw-6680	887	7	avoidance	avoidance	NOUN
taxlaw-6680	887	8	motive	motive	NOUN
taxlaw-6680	887	9	here	here	ADV
taxlaw-6680	887	10	is	be	AUX
taxlaw-6680	887	11	obvious	obvious	ADJ
taxlaw-6680	887	12	,	,	PUNCT
taxlaw-6680	887	13	as	as	SCONJ
taxlaw-6680	887	14	a	a	DET
taxlaw-6680	887	15	50	50	NUM
taxlaw-6680	887	16	%	%	NOUN
taxlaw-6680	887	17	preferred	preferred	ADJ
taxlaw-6680	887	18	return	return	NOUN
taxlaw-6680	887	19	on	on	ADP
taxlaw-6680	887	20	capital	capital	NOUN
taxlaw-6680	887	21	is	be	AUX
taxlaw-6680	887	22	devoid	devoid	ADJ
taxlaw-6680	887	23	of	of	ADP
taxlaw-6680	887	24	any	any	DET
taxlaw-6680	887	25	business	business	NOUN
taxlaw-6680	887	26	reality	reality	NOUN
taxlaw-6680	887	27	and	and	CCONJ
taxlaw-6680	887	28	works	work	VERB
taxlaw-6680	887	29	too	too	ADV
taxlaw-6680	887	30	well	well	ADV
taxlaw-6680	887	31	with	with	ADP
taxlaw-6680	887	32	the	the	DET
taxlaw-6680	887	33	special	special	ADJ
taxlaw-6680	887	34	allocation	allocation	NOUN
taxlaw-6680	887	35	of	of	ADP
taxlaw-6680	887	36	depreciation	depreciation	NOUN
taxlaw-6680	887	37	to	to	PART
taxlaw-6680	887	38	reduce	reduce	VERB
taxlaw-6680	887	39	the	the	DET
taxlaw-6680	887	40	parties	party	NOUN
taxlaw-6680	887	41	’	’	PART
taxlaw-6680	887	42	tax	tax	NOUN
taxlaw-6680	887	43	liability	liability	NOUN
taxlaw-6680	887	44	in	in	ADP
taxlaw-6680	887	45	present	present	ADJ
taxlaw-6680	887	46	value	value	NOUN
taxlaw-6680	887	47	terms	term	NOUN
taxlaw-6680	887	48	.	.	PUNCT
taxlaw-6680	888	1	consequently	consequently	ADV
taxlaw-6680	888	2	,	,	PUNCT
taxlaw-6680	888	3	the	the	DET
taxlaw-6680	888	4	guaranteed	guarantee	VERB
taxlaw-6680	888	5	payment	payment	NOUN
taxlaw-6680	888	6	is	be	AUX
taxlaw-6680	888	7	being	be	AUX
taxlaw-6680	888	8	used	use	VERB
taxlaw-6680	888	9	here	here	ADV
taxlaw-6680	888	10	to	to	PART
taxlaw-6680	888	11	disguise	disguise	VERB
taxlaw-6680	888	12	a	a	DET
taxlaw-6680	888	13	simple	simple	ADJ
taxlaw-6680	888	14	capital	capital	NOUN
taxlaw-6680	888	15	shift	shift	NOUN
taxlaw-6680	888	16	from	from	ADP
taxlaw-6680	888	17	b	b	PROPN
taxlaw-6680	888	18	to	to	ADP
taxlaw-6680	888	19	a	a	PRON
taxlaw-6680	888	20	which	which	PRON
taxlaw-6680	888	21	is	be	AUX
taxlaw-6680	888	22	otherwise	otherwise	ADV
taxlaw-6680	888	23	prohibited	prohibit	VERB
taxlaw-6680	888	24	under	under	ADP
taxlaw-6680	888	25	the	the	DET
taxlaw-6680	888	26	section	section	NOUN
taxlaw-6680	888	27	704	704	NUM
taxlaw-6680	888	28	regulations	regulation	NOUN
taxlaw-6680	888	29	.	.	PUNCT
taxlaw-6680	889	1	one	one	NUM
taxlaw-6680	889	2	possible	possible	ADJ
taxlaw-6680	889	3	response	response	NOUN
taxlaw-6680	889	4	to	to	ADP
taxlaw-6680	889	5	this	this	DET
taxlaw-6680	889	6	problem	problem	NOUN
taxlaw-6680	889	7	that	that	SCONJ
taxlaw-6680	889	8	the	the	DET
taxlaw-6680	889	9	reader	reader	NOUN
taxlaw-6680	889	10	might	might	AUX
taxlaw-6680	889	11	have	have	VERB
taxlaw-6680	889	12	is	be	AUX
taxlaw-6680	889	13	that	that	SCONJ
taxlaw-6680	889	14	the	the	DET
taxlaw-6680	889	15	economic	economic	ADJ
taxlaw-6680	889	16	effect	effect	NOUN
taxlaw-6680	889	17	of	of	ADP
taxlaw-6680	889	18	allocation	allocation	NOUN
taxlaw-6680	889	19	of	of	ADP
taxlaw-6680	889	20	the	the	DET
taxlaw-6680	889	21	depreciation	depreciation	NOUN
taxlaw-6680	889	22	deduction	deduction	NOUN
taxlaw-6680	889	23	is	be	AUX
taxlaw-6680	889	24	not	not	PART
taxlaw-6680	889	25	“	"	PUNCT
taxlaw-6680	889	26	substantial	substantial	ADJ
taxlaw-6680	889	27	”	"	PUNCT
taxlaw-6680	889	28	for	for	ADP
taxlaw-6680	889	29	being	be	AUX
taxlaw-6680	889	30	“	"	PUNCT
taxlaw-6680	889	31	transitory	transitory	ADJ
taxlaw-6680	889	32	”	"	PUNCT
taxlaw-6680	889	33	157	157	NUM
taxlaw-6680	889	34	see	see	NOUN
taxlaw-6680	889	35	cuff	cuff	NOUN
taxlaw-6680	889	36	,	,	PUNCT
taxlaw-6680	889	37	supra	supra	PROPN
taxlaw-6680	889	38	note	note	NOUN
taxlaw-6680	889	39	150	150	NUM
taxlaw-6680	889	40	.	.	PUNCT
taxlaw-6680	890	1	according	accord	VERB
taxlaw-6680	890	2	to	to	ADP
taxlaw-6680	890	3	cuff	cuff	NOUN
taxlaw-6680	890	4	,	,	PUNCT
taxlaw-6680	890	5	“	"	PUNCT
taxlaw-6680	890	6	there	there	PRON
taxlaw-6680	890	7	is	be	VERB
taxlaw-6680	890	8	substantial	substantial	ADJ
taxlaw-6680	890	9	doubt	doubt	NOUN
taxlaw-6680	890	10	that	that	SCONJ
taxlaw-6680	890	11	a	a	DET
taxlaw-6680	890	12	partnership	partnership	NOUN
taxlaw-6680	890	13	can	can	AUX
taxlaw-6680	890	14	provide	provide	VERB
taxlaw-6680	890	15	economic	economic	ADJ
taxlaw-6680	890	16	effect	effect	NOUN
taxlaw-6680	890	17	to	to	ADP
taxlaw-6680	890	18	its	its	PRON
taxlaw-6680	890	19	allocations	allocation	NOUN
taxlaw-6680	890	20	simply	simply	ADV
taxlaw-6680	890	21	by	by	ADP
taxlaw-6680	890	22	providing	provide	VERB
taxlaw-6680	890	23	for	for	ADP
taxlaw-6680	890	24	guaranteed	guarantee	VERB
taxlaw-6680	890	25	payments	payment	NOUN
taxlaw-6680	890	26	on	on	ADP
taxlaw-6680	890	27	liquidation	liquidation	NOUN
taxlaw-6680	890	28	equal	equal	ADJ
taxlaw-6680	890	29	to	to	ADP
taxlaw-6680	890	30	the	the	DET
taxlaw-6680	890	31	excess	excess	NOUN
taxlaw-6680	890	32	of	of	ADP
taxlaw-6680	890	33	the	the	DET
taxlaw-6680	890	34	amount	amount	NOUN
taxlaw-6680	890	35	that	that	PRON
taxlaw-6680	890	36	a	a	DET
taxlaw-6680	890	37	partner	partner	NOUN
taxlaw-6680	890	38	receives	receive	VERB
taxlaw-6680	890	39	on	on	ADP
taxlaw-6680	890	40	liquidation	liquidation	NOUN
taxlaw-6680	890	41	over	over	ADP
taxlaw-6680	890	42	the	the	DET
taxlaw-6680	890	43	amount	amount	NOUN
taxlaw-6680	890	44	in	in	ADP
taxlaw-6680	890	45	his	his	PRON
taxlaw-6680	890	46	“	"	PUNCT
taxlaw-6680	890	47	book	book	NOUN
taxlaw-6680	890	48	”	"	PUNCT
taxlaw-6680	890	49	capital	capital	NOUN
taxlaw-6680	890	50	account	account	NOUN
taxlaw-6680	890	51	.	.	PUNCT
taxlaw-6680	890	52	”	"	PUNCT
taxlaw-6680	891	1	158	158	NUM
taxlaw-6680	891	2	see	see	VERB
taxlaw-6680	891	3	supra	supra	PROPN
taxlaw-6680	891	4	note	note	PROPN
taxlaw-6680	891	5	17	17	NUM
taxlaw-6680	891	6	and	and	CCONJ
taxlaw-6680	891	7	accompanying	accompany	VERB
taxlaw-6680	891	8	text	text	NOUN
taxlaw-6680	891	9	.	.	PUNCT
taxlaw-6680	892	1	159	159	NUM
taxlaw-6680	892	2	see	see	VERB
taxlaw-6680	892	3	supra	supra	PROPN
taxlaw-6680	892	4	note17	note17	PROPN
taxlaw-6680	892	5	.	.	PUNCT
taxlaw-6680	893	1	admittedly	admittedly	ADV
taxlaw-6680	893	2	,	,	PUNCT
taxlaw-6680	893	3	the	the	DET
taxlaw-6680	893	4	partnership	partnership	NOUN
taxlaw-6680	893	5	agreement	agreement	NOUN
taxlaw-6680	893	6	may	may	AUX
taxlaw-6680	893	7	fail	fail	VERB
taxlaw-6680	893	8	the	the	DET
taxlaw-6680	893	9	substantiality	substantiality	NOUN
taxlaw-6680	893	10	prong	prong	NOUN
taxlaw-6680	893	11	of	of	ADP
taxlaw-6680	893	12	the	the	DET
taxlaw-6680	893	13	see	see	ADJ
taxlaw-6680	893	14	safe	safe	ADJ
taxlaw-6680	893	15	harbor	harbor	NOUN
taxlaw-6680	893	16	if	if	SCONJ
taxlaw-6680	893	17	the	the	DET
taxlaw-6680	893	18	special	special	ADJ
taxlaw-6680	893	19	allocations	allocation	NOUN
taxlaw-6680	893	20	of	of	ADP
taxlaw-6680	893	21	depreciation	depreciation	NOUN
taxlaw-6680	893	22	and	and	CCONJ
taxlaw-6680	893	23	deductions	deduction	NOUN
taxlaw-6680	893	24	from	from	ADP
taxlaw-6680	893	25	guaranteed	guarantee	VERB
taxlaw-6680	893	26	payments	payment	NOUN
taxlaw-6680	893	27	are	be	AUX
taxlaw-6680	893	28	viewed	view	VERB
taxlaw-6680	893	29	as	as	ADP
taxlaw-6680	893	30	“	"	PUNCT
taxlaw-6680	893	31	transitory	transitory	ADJ
taxlaw-6680	893	32	”	"	PUNCT
taxlaw-6680	893	33	.	.	PUNCT
taxlaw-6680	894	1	however	however	ADV
taxlaw-6680	894	2	,	,	PUNCT
taxlaw-6680	894	3	if	if	SCONJ
taxlaw-6680	894	4	there	there	PRON
taxlaw-6680	894	5	is	be	VERB
taxlaw-6680	894	6	a	a	DET
taxlaw-6680	894	7	“	"	PUNCT
taxlaw-6680	894	8	strong	strong	ADJ
taxlaw-6680	894	9	likelihood	likelihood	NOUN
taxlaw-6680	894	10	”	"	PUNCT
taxlaw-6680	894	11	that	that	DET
taxlaw-6680	894	12	liquidation	liquidation	NOUN
taxlaw-6680	894	13	will	will	AUX
taxlaw-6680	894	14	not	not	PART
taxlaw-6680	894	15	occur	occur	VERB
taxlaw-6680	894	16	within	within	ADP
taxlaw-6680	894	17	five	five	NUM
taxlaw-6680	894	18	years	year	NOUN
taxlaw-6680	894	19	,	,	PUNCT
taxlaw-6680	894	20	the	the	DET
taxlaw-6680	894	21	allocations	allocation	NOUN
taxlaw-6680	894	22	will	will	AUX
taxlaw-6680	894	23	not	not	PART
taxlaw-6680	894	24	be	be	AUX
taxlaw-6680	894	25	deemed	deem	VERB
taxlaw-6680	894	26	“	"	PUNCT
taxlaw-6680	894	27	transitory	transitory	ADJ
taxlaw-6680	894	28	.	.	PUNCT
taxlaw-6680	894	29	”	"	PUNCT
taxlaw-6680	895	1	see	see	VERB
taxlaw-6680	895	2	treas	treas	PROPN
taxlaw-6680	895	3	.	.	PUNCT
taxlaw-6680	896	1	reg	reg	PROPN
taxlaw-6680	896	2	.	.	PUNCT
taxlaw-6680	897	1	§	§	PROPN
taxlaw-6680	897	2	1.704	1.704	NUM
taxlaw-6680	897	3	-	-	NUM
taxlaw-6680	897	4	1(b)(2)(iii)(c	1(b)(2)(iii)(c	NUM
taxlaw-6680	897	5	)	)	PUNCT
taxlaw-6680	897	6	;	;	PUNCT
taxlaw-6680	898	1	treas	treas	PROPN
taxlaw-6680	898	2	.	.	PUNCT
taxlaw-6680	899	1	reg	reg	PROPN
taxlaw-6680	899	2	.	.	PUNCT
taxlaw-6680	900	1	§	§	PROPN
taxlaw-6680	900	2	1.704	1.704	NUM
taxlaw-6680	900	3	-	-	NUM
taxlaw-6680	900	4	1(b)(5	1(b)(5	NUM
taxlaw-6680	900	5	)	)	PUNCT
taxlaw-6680	900	6	,	,	PUNCT
taxlaw-6680	900	7	ex	ex	NOUN
taxlaw-6680	900	8	.	.	NOUN
taxlaw-6680	900	9	2	2	NUM
taxlaw-6680	900	10	.	.	NUM
taxlaw-6680	900	11	2019	2019	NUM
taxlaw-6680	900	12	]	]	PUNCT
taxlaw-6680	900	13	a	a	DET
taxlaw-6680	900	14	gain	gain	NOUN
taxlaw-6680	900	15	must	must	AUX
taxlaw-6680	900	16	lie	lie	VERB
taxlaw-6680	900	17	where	where	SCONJ
taxlaw-6680	900	18	it	it	PRON
taxlaw-6680	900	19	falls	fall	VERB
taxlaw-6680	900	20	:	:	PUNCT
taxlaw-6680	900	21	matching	match	VERB
taxlaw-6680	900	22	tax	tax	NOUN
taxlaw-6680	900	23	with	with	ADP
taxlaw-6680	900	24	economics	economic	NOUN
taxlaw-6680	900	25	in	in	ADP
taxlaw-6680	900	26	subchapter	subchapter	NOUN
taxlaw-6680	900	27	k	k	PROPN
taxlaw-6680	900	28	139	139	NUM
taxlaw-6680	900	29	since	since	SCONJ
taxlaw-6680	900	30	it	it	PRON
taxlaw-6680	900	31	is	be	AUX
taxlaw-6680	900	32	exactly	exactly	ADV
taxlaw-6680	900	33	offset	offset	VERB
taxlaw-6680	900	34	by	by	ADP
taxlaw-6680	900	35	the	the	DET
taxlaw-6680	900	36	guaranteed	guarantee	VERB
taxlaw-6680	900	37	payment.160	payment.160	NOUN
taxlaw-6680	900	38	there	there	PRON
taxlaw-6680	900	39	are	be	VERB
taxlaw-6680	900	40	two	two	NUM
taxlaw-6680	900	41	potential	potential	ADJ
taxlaw-6680	900	42	issues	issue	NOUN
taxlaw-6680	900	43	related	relate	VERB
taxlaw-6680	900	44	to	to	ADP
taxlaw-6680	900	45	this	this	DET
taxlaw-6680	900	46	response	response	NOUN
taxlaw-6680	900	47	.	.	PUNCT
taxlaw-6680	901	1	first	first	ADV
taxlaw-6680	901	2	,	,	PUNCT
taxlaw-6680	901	3	it	it	PRON
taxlaw-6680	901	4	can	can	AUX
taxlaw-6680	901	5	be	be	AUX
taxlaw-6680	901	6	hard	hard	ADJ
taxlaw-6680	901	7	to	to	PART
taxlaw-6680	901	8	argue	argue	VERB
taxlaw-6680	901	9	that	that	SCONJ
taxlaw-6680	901	10	the	the	DET
taxlaw-6680	901	11	guaranteed	guarantee	VERB
taxlaw-6680	901	12	payment	payment	NOUN
taxlaw-6680	901	13	is	be	AUX
taxlaw-6680	901	14	an	an	DET
taxlaw-6680	901	15	“	"	PUNCT
taxlaw-6680	901	16	offsetting	offset	VERB
taxlaw-6680	901	17	allocation	allocation	NOUN
taxlaw-6680	901	18	”	"	PUNCT
taxlaw-6680	901	19	especially	especially	ADV
taxlaw-6680	901	20	since	since	SCONJ
taxlaw-6680	901	21	the	the	DET
taxlaw-6680	901	22	regulations	regulation	NOUN
taxlaw-6680	901	23	specifically	specifically	ADV
taxlaw-6680	901	24	require	require	VERB
taxlaw-6680	901	25	a	a	PRON
taxlaw-6680	901	26	to	to	PART
taxlaw-6680	901	27	include	include	VERB
taxlaw-6680	901	28	the	the	DET
taxlaw-6680	901	29	guaranteed	guarantee	VERB
taxlaw-6680	901	30	payment	payment	NOUN
taxlaw-6680	901	31	as	as	ADP
taxlaw-6680	901	32	ordinary	ordinary	ADJ
taxlaw-6680	901	33	income	income	NOUN
taxlaw-6680	901	34	and	and	CCONJ
taxlaw-6680	901	35	the	the	DET
taxlaw-6680	901	36	partnership	partnership	NOUN
taxlaw-6680	901	37	may	may	AUX
taxlaw-6680	901	38	be	be	AUX
taxlaw-6680	901	39	able	able	ADJ
taxlaw-6680	901	40	to	to	PART
taxlaw-6680	901	41	deduct	deduct	VERB
taxlaw-6680	901	42	it	it	PRON
taxlaw-6680	901	43	,	,	PUNCT
taxlaw-6680	901	44	and	and	CCONJ
taxlaw-6680	901	45	this	this	PRON
taxlaw-6680	901	46	is	be	AUX
taxlaw-6680	901	47	exactly	exactly	ADV
taxlaw-6680	901	48	what	what	PRON
taxlaw-6680	901	49	happens	happen	VERB
taxlaw-6680	901	50	here.161	here.161	ADJ
taxlaw-6680	901	51	second	second	ADV
taxlaw-6680	901	52	,	,	PUNCT
taxlaw-6680	901	53	even	even	ADV
taxlaw-6680	901	54	if	if	SCONJ
taxlaw-6680	901	55	the	the	DET
taxlaw-6680	901	56	guaranteed	guarantee	VERB
taxlaw-6680	901	57	payment	payment	NOUN
taxlaw-6680	901	58	is	be	AUX
taxlaw-6680	901	59	technically	technically	ADV
taxlaw-6680	901	60	an	an	DET
taxlaw-6680	901	61	“	"	PUNCT
taxlaw-6680	901	62	offsetting	offset	VERB
taxlaw-6680	901	63	allocation	allocation	NOUN
taxlaw-6680	901	64	,	,	PUNCT
taxlaw-6680	901	65	”	"	PUNCT
taxlaw-6680	901	66	a	a	PRON
taxlaw-6680	901	67	and	and	CCONJ
taxlaw-6680	901	68	b	b	NOUN
taxlaw-6680	901	69	can	can	AUX
taxlaw-6680	901	70	avoid	avoid	VERB
taxlaw-6680	901	71	the	the	DET
taxlaw-6680	901	72	substantiality	substantiality	NOUN
taxlaw-6680	901	73	problem	problem	NOUN
taxlaw-6680	901	74	by	by	ADP
taxlaw-6680	901	75	utilizing	utilize	VERB
taxlaw-6680	901	76	the	the	DET
taxlaw-6680	901	77	“	"	PUNCT
taxlaw-6680	901	78	five	five	NUM
taxlaw-6680	901	79	-	-	PUNCT
taxlaw-6680	901	80	year	year	NOUN
taxlaw-6680	901	81	”	"	PUNCT
taxlaw-6680	901	82	safe	safe	ADJ
taxlaw-6680	901	83	harbor	harbor	NOUN
taxlaw-6680	901	84	provided	provide	VERB
taxlaw-6680	901	85	in	in	ADP
taxlaw-6680	901	86	the	the	DET
taxlaw-6680	901	87	regulations.162	regulations.162	NOUN
taxlaw-6680	901	88	and	and	CCONJ
taxlaw-6680	901	89	unlike	unlike	ADP
taxlaw-6680	901	90	a	a	DET
taxlaw-6680	901	91	“	"	PUNCT
taxlaw-6680	901	92	charge	charge	NOUN
taxlaw-6680	901	93	-	-	PUNCT
taxlaw-6680	901	94	back	back	NOUN
taxlaw-6680	901	95	”	"	PUNCT
taxlaw-6680	901	96	of	of	ADP
taxlaw-6680	901	97	potential	potential	ADJ
taxlaw-6680	901	98	future	future	ADJ
taxlaw-6680	901	99	profit,163	profit,163	NOUN
taxlaw-6680	901	100	satisfying	satisfy	VERB
taxlaw-6680	901	101	the	the	DET
taxlaw-6680	901	102	“	"	PUNCT
taxlaw-6680	901	103	five	five	NUM
taxlaw-6680	901	104	-	-	PUNCT
taxlaw-6680	901	105	year	year	NOUN
taxlaw-6680	901	106	”	"	PUNCT
taxlaw-6680	901	107	rule	rule	NOUN
taxlaw-6680	901	108	does	do	AUX
taxlaw-6680	901	109	not	not	PART
taxlaw-6680	901	110	make	make	VERB
taxlaw-6680	901	111	the	the	PRON
taxlaw-6680	901	112	over	over	ADP
taxlaw-6680	901	113	arrangement	arrangement	NOUN
taxlaw-6680	901	114	significantly	significantly	ADV
taxlaw-6680	901	115	less	less	ADV
taxlaw-6680	901	116	abusive	abusive	ADJ
taxlaw-6680	901	117	,	,	PUNCT
taxlaw-6680	901	118	as	as	SCONJ
taxlaw-6680	901	119	a	a	DET
taxlaw-6680	901	120	guaranteed	guarantee	VERB
taxlaw-6680	901	121	payment	payment	NOUN
taxlaw-6680	901	122	is	be	AUX
taxlaw-6680	901	123	,	,	PUNCT
taxlaw-6680	901	124	as	as	SCONJ
taxlaw-6680	901	125	the	the	DET
taxlaw-6680	901	126	words	word	NOUN
taxlaw-6680	901	127	indicate	indicate	VERB
taxlaw-6680	901	128	,	,	PUNCT
taxlaw-6680	901	129	“	"	PUNCT
taxlaw-6680	901	130	guaranteed	guarantee	VERB
taxlaw-6680	901	131	.	.	PUNCT
taxlaw-6680	901	132	”	"	PUNCT
taxlaw-6680	902	1	3	3	NUM
taxlaw-6680	902	2	.	.	PUNCT
taxlaw-6680	902	3	a	a	DET
taxlaw-6680	902	4	summary	summary	NOUN
taxlaw-6680	902	5	of	of	ADP
taxlaw-6680	902	6	the	the	DET
taxlaw-6680	902	7	capital	capital	NOUN
taxlaw-6680	902	8	shift	shift	NOUN
taxlaw-6680	902	9	discussion	discussion	NOUN
taxlaw-6680	902	10	so	so	ADV
taxlaw-6680	902	11	far	far	ADV
taxlaw-6680	902	12	as	as	ADP
taxlaw-6680	902	13	a	a	DET
taxlaw-6680	902	14	summary	summary	NOUN
taxlaw-6680	902	15	of	of	ADP
taxlaw-6680	902	16	the	the	DET
taxlaw-6680	902	17	above	above	ADJ
taxlaw-6680	902	18	discussion	discussion	NOUN
taxlaw-6680	902	19	on	on	ADP
taxlaw-6680	902	20	capital	capital	NOUN
taxlaw-6680	902	21	shifting	shifting	NOUN
taxlaw-6680	902	22	,	,	PUNCT
taxlaw-6680	902	23	the	the	DET
taxlaw-6680	902	24	section	section	NOUN
taxlaw-6680	902	25	704	704	NUM
taxlaw-6680	902	26	regulations	regulation	NOUN
taxlaw-6680	902	27	contain	contain	VERB
taxlaw-6680	902	28	an	an	DET
taxlaw-6680	902	29	implied	imply	VERB
taxlaw-6680	902	30	“	"	PUNCT
taxlaw-6680	902	31	ceiling	ceiling	NOUN
taxlaw-6680	902	32	rule	rule	NOUN
taxlaw-6680	902	33	”	"	PUNCT
taxlaw-6680	902	34	that	that	PRON
taxlaw-6680	902	35	prohibits	prohibit	VERB
taxlaw-6680	902	36	simple	simple	ADJ
taxlaw-6680	902	37	capital	capital	NOUN
taxlaw-6680	902	38	shifting	shift	VERB
taxlaw-6680	902	39	among	among	ADP
taxlaw-6680	902	40	partners	partner	NOUN
taxlaw-6680	902	41	through	through	ADP
taxlaw-6680	902	42	the	the	DET
taxlaw-6680	902	43	partnership	partnership	NOUN
taxlaw-6680	902	44	agreement	agreement	NOUN
taxlaw-6680	902	45	.	.	PUNCT
taxlaw-6680	903	1	thus	thus	ADV
taxlaw-6680	903	2	,	,	PUNCT
taxlaw-6680	903	3	a	a	DET
taxlaw-6680	903	4	partnership	partnership	NOUN
taxlaw-6680	903	5	allocation	allocation	NOUN
taxlaw-6680	903	6	that	that	PRON
taxlaw-6680	903	7	permits	permit	VERB
taxlaw-6680	903	8	simple	simple	ADJ
taxlaw-6680	903	9	capital	capital	NOUN
taxlaw-6680	903	10	shifting	shift	VERB
taxlaw-6680	903	11	can	can	AUX
taxlaw-6680	903	12	not	not	PART
taxlaw-6680	903	13	satisfy	satisfy	VERB
taxlaw-6680	903	14	the	the	DET
taxlaw-6680	903	15	eee	eee	NOUN
taxlaw-6680	903	16	test	test	NOUN
taxlaw-6680	903	17	.	.	PUNCT
taxlaw-6680	904	1	however	however	ADV
taxlaw-6680	904	2	,	,	PUNCT
taxlaw-6680	904	3	the	the	DET
taxlaw-6680	904	4	service	service	NOUN
taxlaw-6680	904	5	should	should	AUX
taxlaw-6680	904	6	distinguish	distinguish	VERB
taxlaw-6680	904	7	between	between	ADP
taxlaw-6680	904	8	a	a	DET
taxlaw-6680	904	9	bona	bona	ADJ
taxlaw-6680	904	10	fide	fide	ADJ
taxlaw-6680	904	11	preferred	preferred	ADJ
taxlaw-6680	904	12	return	return	NOUN
taxlaw-6680	904	13	(	(	PUNCT
taxlaw-6680	904	14	example	example	NOUN
taxlaw-6680	904	15	ten	ten	NUM
taxlaw-6680	904	16	)	)	PUNCT
taxlaw-6680	904	17	from	from	ADP
taxlaw-6680	904	18	a	a	DET
taxlaw-6680	904	19	simple	simple	ADJ
taxlaw-6680	904	20	capital	capital	NOUN
taxlaw-6680	904	21	shift	shift	NOUN
taxlaw-6680	904	22	(	(	PUNCT
taxlaw-6680	904	23	examples	example	NOUN
taxlaw-6680	904	24	eleven	eleven	NUM
taxlaw-6680	904	25	and	and	CCONJ
taxlaw-6680	904	26	twelve	twelve	NUM
taxlaw-6680	904	27	)	)	PUNCT
taxlaw-6680	904	28	by	by	ADP
taxlaw-6680	904	29	looking	look	VERB
taxlaw-6680	904	30	into	into	ADP
taxlaw-6680	904	31	factors	factor	NOUN
taxlaw-6680	904	32	such	such	ADJ
taxlaw-6680	904	33	as	as	ADP
taxlaw-6680	904	34	the	the	DET
taxlaw-6680	904	35	presence	presence	NOUN
taxlaw-6680	904	36	of	of	ADP
taxlaw-6680	904	37	a	a	DET
taxlaw-6680	904	38	tax	tax	NOUN
taxlaw-6680	904	39	avoidance	avoidance	NOUN
taxlaw-6680	904	40	motive	motive	NOUN
taxlaw-6680	904	41	as	as	ADV
taxlaw-6680	904	42	well	well	ADV
taxlaw-6680	904	43	as	as	ADP
taxlaw-6680	904	44	business	business	NOUN
taxlaw-6680	904	45	reality	reality	NOUN
taxlaw-6680	904	46	.	.	PUNCT
taxlaw-6680	905	1	a	a	DET
taxlaw-6680	905	2	bona	bona	ADJ
taxlaw-6680	905	3	fide	fide	ADJ
taxlaw-6680	905	4	preferred	preferred	ADJ
taxlaw-6680	905	5	return	return	NOUN
taxlaw-6680	905	6	should	should	AUX
taxlaw-6680	905	7	be	be	AUX
taxlaw-6680	905	8	treated	treat	VERB
taxlaw-6680	905	9	as	as	ADP
taxlaw-6680	905	10	a	a	DET
taxlaw-6680	905	11	guaranteed	guarantee	VERB
taxlaw-6680	905	12	payment	payment	NOUN
taxlaw-6680	905	13	,	,	PUNCT
taxlaw-6680	905	14	which	which	PRON
taxlaw-6680	905	15	is	be	AUX
taxlaw-6680	905	16	equivalent	equivalent	ADJ
taxlaw-6680	905	17	to	to	ADP
taxlaw-6680	905	18	an	an	DET
taxlaw-6680	905	19	exemption	exemption	NOUN
taxlaw-6680	905	20	from	from	ADP
taxlaw-6680	905	21	the	the	DET
taxlaw-6680	905	22	“	"	PUNCT
taxlaw-6680	905	23	ceiling	ceiling	NOUN
taxlaw-6680	905	24	rule	rule	NOUN
taxlaw-6680	905	25	,	,	PUNCT
taxlaw-6680	905	26	”	"	PUNCT
taxlaw-6680	905	27	while	while	SCONJ
taxlaw-6680	905	28	a	a	DET
taxlaw-6680	905	29	simple	simple	ADJ
taxlaw-6680	905	30	capital	capital	NOUN
taxlaw-6680	905	31	shift	shift	NOUN
taxlaw-6680	905	32	disguised	disguise	VERB
taxlaw-6680	905	33	as	as	ADP
taxlaw-6680	905	34	guaranteed	guarantee	VERB
taxlaw-6680	905	35	payment	payment	NOUN
taxlaw-6680	905	36	must	must	AUX
taxlaw-6680	905	37	be	be	AUX
taxlaw-6680	905	38	viewed	view	VERB
taxlaw-6680	905	39	for	for	ADP
taxlaw-6680	905	40	tax	tax	NOUN
taxlaw-6680	905	41	purposes	purpose	NOUN
taxlaw-6680	905	42	based	base	VERB
taxlaw-6680	905	43	on	on	ADP
taxlaw-6680	905	44	its	its	PRON
taxlaw-6680	905	45	substance	substance	NOUN
taxlaw-6680	905	46	rather	rather	ADV
taxlaw-6680	905	47	than	than	ADP
taxlaw-6680	905	48	form	form	NOUN
taxlaw-6680	905	49	.	.	PUNCT
taxlaw-6680	906	1	4	4	X
taxlaw-6680	906	2	.	.	X
taxlaw-6680	906	3	book	book	NOUN
taxlaw-6680	906	4	-	-	PUNCT
taxlaw-6680	906	5	equal	equal	ADJ
taxlaw-6680	906	6	-	-	PUNCT
taxlaw-6680	906	7	to	to	ADP
taxlaw-6680	906	8	-	-	PUNCT
taxlaw-6680	906	9	value	value	NOUN
taxlaw-6680	906	10	assumption	assumption	NOUN
taxlaw-6680	906	11	:	:	PUNCT
taxlaw-6680	906	12	revisited	revisit	VERB
taxlaw-6680	906	13	another	another	DET
taxlaw-6680	906	14	uncertainty	uncertainty	NOUN
taxlaw-6680	906	15	in	in	ADP
taxlaw-6680	906	16	the	the	DET
taxlaw-6680	906	17	application	application	NOUN
taxlaw-6680	906	18	of	of	ADP
taxlaw-6680	906	19	the	the	DET
taxlaw-6680	906	20	eee	eee	NOUN
taxlaw-6680	906	21	test	test	NOUN
taxlaw-6680	906	22	is	be	AUX
taxlaw-6680	906	23	whether	whether	SCONJ
taxlaw-6680	906	24	book	book	NOUN
taxlaw-6680	906	25	value	value	NOUN
taxlaw-6680	906	26	or	or	CCONJ
taxlaw-6680	906	27	fair	fair	ADJ
taxlaw-6680	906	28	market	market	NOUN
taxlaw-6680	906	29	value	value	NOUN
taxlaw-6680	906	30	should	should	AUX
taxlaw-6680	906	31	be	be	AUX
taxlaw-6680	906	32	used	use	VERB
taxlaw-6680	906	33	in	in	ADP
taxlaw-6680	906	34	determining	determine	VERB
taxlaw-6680	906	35	the	the	DET
taxlaw-6680	906	36	deemed	deemed	ADJ
taxlaw-6680	906	37	liquidation	liquidation	NOUN
taxlaw-6680	906	38	amount	amount	NOUN
taxlaw-6680	906	39	in	in	ADP
taxlaw-6680	906	40	a	a	DET
taxlaw-6680	906	41	current	current	ADJ
taxlaw-6680	906	42	or	or	CCONJ
taxlaw-6680	906	43	future	future	ADJ
taxlaw-6680	906	44	hypothetical	hypothetical	ADJ
taxlaw-6680	906	45	liquidation	liquidation	NOUN
taxlaw-6680	906	46	.	.	PUNCT
taxlaw-6680	907	1	the	the	DET
taxlaw-6680	907	2	eee	eee	NOUN
taxlaw-6680	907	3	test	test	NOUN
taxlaw-6680	907	4	does	do	AUX
taxlaw-6680	907	5	not	not	PART
taxlaw-6680	907	6	explicitly	explicitly	ADV
taxlaw-6680	907	7	contain	contain	VERB
taxlaw-6680	907	8	a	a	DET
taxlaw-6680	907	9	value	value	NOUN
taxlaw-6680	907	10	-	-	PUNCT
taxlaw-6680	907	11	equals	equal	NOUN
taxlaw-6680	907	12	-	-	PUNCT
taxlaw-6680	907	13	basis	basis	NOUN
taxlaw-6680	907	14	assumption	assumption	NOUN
taxlaw-6680	907	15	,	,	PUNCT
taxlaw-6680	907	16	and	and	CCONJ
taxlaw-6680	907	17	the	the	DET
taxlaw-6680	907	18	current	current	ADJ
taxlaw-6680	907	19	law	law	NOUN
taxlaw-6680	907	20	on	on	ADP
taxlaw-6680	907	21	this	this	DET
taxlaw-6680	907	22	issue	issue	NOUN
taxlaw-6680	907	23	is	be	AUX
taxlaw-6680	907	24	not	not	PART
taxlaw-6680	907	25	clear	clear	ADJ
taxlaw-6680	907	26	.	.	PUNCT
taxlaw-6680	908	1	it	it	PRON
taxlaw-6680	908	2	might	might	AUX
taxlaw-6680	908	3	be	be	AUX
taxlaw-6680	908	4	argued	argue	VERB
taxlaw-6680	908	5	that	that	SCONJ
taxlaw-6680	908	6	since	since	SCONJ
taxlaw-6680	908	7	a	a	DET
taxlaw-6680	908	8	liquidation	liquidation	NOUN
taxlaw-6680	908	9	under	under	ADP
taxlaw-6680	908	10	the	the	DET
taxlaw-6680	908	11	treasury	treasury	NOUN
taxlaw-6680	908	12	’s	’s	PART
taxlaw-6680	908	13	capital	capital	NOUN
taxlaw-6680	908	14	account	account	NOUN
taxlaw-6680	908	15	approach	approach	NOUN
taxlaw-6680	908	16	is	be	AUX
taxlaw-6680	908	17	based	base	VERB
taxlaw-6680	908	18	on	on	ADP
taxlaw-6680	908	19	fair	fair	ADJ
taxlaw-6680	908	20	market	market	NOUN
taxlaw-6680	908	21	value,164	value,164	NOUN
taxlaw-6680	908	22	the	the	DET
taxlaw-6680	908	23	eee	eee	NOUN
taxlaw-6680	908	24	test	test	NOUN
taxlaw-6680	908	25	permits	permit	NOUN
taxlaw-6680	908	26	or	or	CCONJ
taxlaw-6680	908	27	even	even	ADV
taxlaw-6680	908	28	requires	require	VERB
taxlaw-6680	908	29	a	a	DET
taxlaw-6680	908	30	comparison	comparison	NOUN
taxlaw-6680	908	31	of	of	ADP
taxlaw-6680	908	32	liquidation	liquidation	NOUN
taxlaw-6680	908	33	results	result	NOUN
taxlaw-6680	908	34	on	on	ADP
taxlaw-6680	908	35	a	a	DET
taxlaw-6680	908	36	revalued	revalue	VERB
taxlaw-6680	908	37	basis.165	basis.165	VERB
taxlaw-6680	908	38	such	such	ADJ
taxlaw-6680	908	39	argument	argument	NOUN
taxlaw-6680	908	40	seems	seem	VERB
taxlaw-6680	908	41	to	to	PART
taxlaw-6680	908	42	be	be	AUX
taxlaw-6680	908	43	misconceived	misconceive	VERB
taxlaw-6680	908	44	in	in	ADP
taxlaw-6680	908	45	two	two	NUM
taxlaw-6680	908	46	ways	way	NOUN
taxlaw-6680	908	47	.	.	PUNCT
taxlaw-6680	909	1	first	first	ADV
taxlaw-6680	909	2	,	,	PUNCT
taxlaw-6680	909	3	if	if	SCONJ
taxlaw-6680	909	4	the	the	DET
taxlaw-6680	909	5	partnership	partnership	NOUN
taxlaw-6680	909	6	does	do	AUX
taxlaw-6680	909	7	not	not	PART
taxlaw-6680	909	8	in	in	ADP
taxlaw-6680	909	9	fact	fact	NOUN
taxlaw-6680	909	10	revalue	revalue	VERB
taxlaw-6680	909	11	its	its	PRON
taxlaw-6680	909	12	properties	property	NOUN
taxlaw-6680	909	13	during	during	ADP
taxlaw-6680	909	14	the	the	DET
taxlaw-6680	909	15	taxable	taxable	ADJ
taxlaw-6680	909	16	year	year	NOUN
taxlaw-6680	909	17	such	such	ADJ
taxlaw-6680	909	18	that	that	SCONJ
taxlaw-6680	909	19	the	the	DET
taxlaw-6680	909	20	allocation	allocation	NOUN
taxlaw-6680	909	21	of	of	ADP
taxlaw-6680	909	22	revaluation	revaluation	NOUN
taxlaw-6680	909	23	,	,	PUNCT
taxlaw-6680	909	24	gain	gain	NOUN
taxlaw-6680	909	25	or	or	CCONJ
taxlaw-6680	909	26	loss	loss	NOUN
taxlaw-6680	909	27	is	be	AUX
taxlaw-6680	909	28	not	not	PART
taxlaw-6680	909	29	an	an	DET
taxlaw-6680	909	30	issue	issue	NOUN
taxlaw-6680	909	31	,	,	PUNCT
taxlaw-6680	909	32	since	since	SCONJ
taxlaw-6680	909	33	the	the	DET
taxlaw-6680	909	34	eee	eee	NOUN
taxlaw-6680	909	35	test	test	NOUN
taxlaw-6680	909	36	requires	require	VERB
taxlaw-6680	909	37	a	a	DET
taxlaw-6680	909	38	matching	matching	NOUN
taxlaw-6680	909	39	of	of	ADP
taxlaw-6680	909	40	liquidation	liquidation	NOUN
taxlaw-6680	909	41	results	result	NOUN
taxlaw-6680	909	42	in	in	ADP
taxlaw-6680	909	43	a	a	DET
taxlaw-6680	909	44	current	current	ADJ
taxlaw-6680	909	45	or	or	CCONJ
taxlaw-6680	909	46	future	future	ADJ
taxlaw-6680	909	47	liquidation	liquidation	NOUN
taxlaw-6680	909	48	“	"	PUNCT
taxlaw-6680	909	49	regardless	regardless	ADV
taxlaw-6680	909	50	of	of	ADP
taxlaw-6680	909	51	the	the	DET
taxlaw-6680	909	52	economic	economic	ADJ
taxlaw-6680	909	53	performance	performance	NOUN
taxlaw-6680	909	54	of	of	ADP
taxlaw-6680	909	55	the	the	DET
taxlaw-6680	909	56	partnership,”166	partnership,”166	NOUN
taxlaw-6680	909	57	and	and	CCONJ
taxlaw-6680	909	58	a	a	DET
taxlaw-6680	909	59	valueequals	valueequals	NOUN
taxlaw-6680	909	60	-	-	PUNCT
taxlaw-6680	909	61	basis	basis	NOUN
taxlaw-6680	909	62	assumption	assumption	NOUN
taxlaw-6680	909	63	does	do	AUX
taxlaw-6680	909	64	not	not	PART
taxlaw-6680	909	65	seem	seem	VERB
taxlaw-6680	909	66	to	to	PART
taxlaw-6680	909	67	change	change	VERB
taxlaw-6680	909	68	the	the	DET
taxlaw-6680	909	69	result	result	NOUN
taxlaw-6680	909	70	.	.	PUNCT
taxlaw-6680	910	1	since	since	SCONJ
taxlaw-6680	910	2	book	book	NOUN
taxlaw-6680	910	3	value	value	NOUN
taxlaw-6680	910	4	itself	itself	PRON
taxlaw-6680	910	5	should	should	AUX
taxlaw-6680	910	6	cover	cover	VERB
taxlaw-6680	910	7	all	all	DET
taxlaw-6680	910	8	possible	possible	ADJ
taxlaw-6680	910	9	economic	economic	ADJ
taxlaw-6680	910	10	performances	performance	NOUN
taxlaw-6680	910	11	in	in	ADP
taxlaw-6680	910	12	the	the	DET
taxlaw-6680	910	13	future	future	NOUN
taxlaw-6680	910	14	,	,	PUNCT
taxlaw-6680	910	15	a	a	DET
taxlaw-6680	910	16	revaluation	revaluation	NOUN
taxlaw-6680	910	17	solely	solely	ADV
taxlaw-6680	910	18	for	for	ADP
taxlaw-6680	910	19	purposes	purpose	NOUN
taxlaw-6680	910	20	of	of	ADP
taxlaw-6680	910	21	the	the	DET
taxlaw-6680	910	22	eee	eee	NOUN
taxlaw-6680	910	23	test	test	NOUN
taxlaw-6680	910	24	is	be	AUX
taxlaw-6680	910	25	unnecessary	unnecessary	ADJ
taxlaw-6680	910	26	.	.	PUNCT
taxlaw-6680	911	1	second	second	ADJ
taxlaw-6680	911	2	,	,	PUNCT
taxlaw-6680	911	3	if	if	SCONJ
taxlaw-6680	911	4	the	the	DET
taxlaw-6680	911	5	partnership	partnership	NOUN
taxlaw-6680	911	6	in	in	ADP
taxlaw-6680	911	7	fact	fact	NOUN
taxlaw-6680	911	8	revalues	revalue	VERB
taxlaw-6680	911	9	its	its	PRON
taxlaw-6680	911	10	properties	property	NOUN
taxlaw-6680	911	11	,	,	PUNCT
taxlaw-6680	911	12	in	in	ADP
taxlaw-6680	911	13	order	order	NOUN
taxlaw-6680	911	14	to	to	PART
taxlaw-6680	911	15	determine	determine	VERB
taxlaw-6680	911	16	whether	whether	SCONJ
taxlaw-6680	911	17	the	the	DET
taxlaw-6680	911	18	allocation	allocation	NOUN
taxlaw-6680	911	19	of	of	ADP
taxlaw-6680	911	20	revaluation	revaluation	NOUN
taxlaw-6680	911	21	items	item	NOUN
taxlaw-6680	911	22	satisfies	satisfy	VERB
taxlaw-6680	911	23	the	the	DET
taxlaw-6680	911	24	eee	eee	NOUN
taxlaw-6680	911	25	test	test	NOUN
taxlaw-6680	911	26	,	,	PUNCT
taxlaw-6680	911	27	one	one	NUM
taxlaw-6680	911	28	only	only	ADV
taxlaw-6680	911	29	needs	need	VERB
taxlaw-6680	911	30	160	160	NUM
taxlaw-6680	911	31	see	see	NOUN
taxlaw-6680	911	32	treas	treas	PROPN
taxlaw-6680	911	33	.	.	PUNCT
taxlaw-6680	912	1	reg	reg	PROPN
taxlaw-6680	912	2	.	.	PUNCT
taxlaw-6680	913	1	§	§	PROPN
taxlaw-6680	913	2	1.704–1(b)(2)(iii)(c	1.704–1(b)(2)(iii)(c	NUM
taxlaw-6680	913	3	)	)	PUNCT
taxlaw-6680	913	4	.	.	PUNCT
taxlaw-6680	914	1	161	161	NUM
taxlaw-6680	914	2	treas	trea	NOUN
taxlaw-6680	914	3	.	.	PUNCT
taxlaw-6680	915	1	reg	reg	PROPN
taxlaw-6680	915	2	.	.	PUNCT
taxlaw-6680	916	1	§	§	NOUN
taxlaw-6680	916	2	1.707	1.707	NUM
taxlaw-6680	916	3	-	-	SYM
taxlaw-6680	916	4	1(c	1(c	NUM
taxlaw-6680	916	5	)	)	PUNCT
taxlaw-6680	916	6	.	.	PUNCT
taxlaw-6680	917	1	162	162	NUM
taxlaw-6680	917	2	treas	trea	NOUN
taxlaw-6680	917	3	.	.	PUNCT
taxlaw-6680	918	1	reg	reg	PROPN
taxlaw-6680	918	2	.	.	PUNCT
taxlaw-6680	919	1	§	§	PROPN
taxlaw-6680	919	2	1.704–1(b)(2)(iii)(c	1.704–1(b)(2)(iii)(c	NUM
taxlaw-6680	919	3	)	)	PUNCT
taxlaw-6680	919	4	(	(	PUNCT
taxlaw-6680	919	5	flush	flush	ADJ
taxlaw-6680	919	6	language	language	NOUN
taxlaw-6680	919	7	)	)	PUNCT
taxlaw-6680	919	8	.	.	PUNCT
taxlaw-6680	920	1	163	163	NUM
taxlaw-6680	920	2	see	see	VERB
taxlaw-6680	920	3	treas	treas	PROPN
taxlaw-6680	920	4	.	.	PUNCT
taxlaw-6680	921	1	reg	reg	PROPN
taxlaw-6680	921	2	.	.	PUNCT
taxlaw-6680	922	1	§	§	PROPN
taxlaw-6680	922	2	1.704–1(b)(5	1.704–1(b)(5	NUM
taxlaw-6680	922	3	)	)	PUNCT
taxlaw-6680	922	4	,	,	PUNCT
taxlaw-6680	922	5	ex	ex	NOUN
taxlaw-6680	922	6	.	.	NOUN
taxlaw-6680	922	7	8	8	NUM
taxlaw-6680	922	8	.	.	NOUN
taxlaw-6680	922	9	164	164	NUM
taxlaw-6680	922	10	see	see	VERB
taxlaw-6680	922	11	treas	treas	PROPN
taxlaw-6680	922	12	.	.	PUNCT
taxlaw-6680	923	1	reg	reg	PROPN
taxlaw-6680	923	2	.	.	PUNCT
taxlaw-6680	924	1	§	§	NOUN
taxlaw-6680	924	2	1.704–1(b)(2)(iv)(f)(5)(ii	1.704–1(b)(2)(iv)(f)(5)(ii	NUM
taxlaw-6680	924	3	)	)	PUNCT
taxlaw-6680	924	4	(	(	PUNCT
taxlaw-6680	924	5	a	a	DET
taxlaw-6680	924	6	liquidation	liquidation	NOUN
taxlaw-6680	924	7	is	be	AUX
taxlaw-6680	924	8	a	a	DET
taxlaw-6680	924	9	revaluation	revaluation	NOUN
taxlaw-6680	924	10	event	event	NOUN
taxlaw-6680	924	11	)	)	PUNCT
taxlaw-6680	924	12	.	.	PUNCT
taxlaw-6680	925	1	165	165	NUM
taxlaw-6680	925	2	see	see	VERB
taxlaw-6680	925	3	,	,	PUNCT
taxlaw-6680	925	4	e.g.	e.g.	ADV
taxlaw-6680	925	5	,	,	PUNCT
taxlaw-6680	925	6	nysba	nysba	NOUN
taxlaw-6680	925	7	tax	tax	NOUN
taxlaw-6680	925	8	section	section	NOUN
taxlaw-6680	925	9	,	,	PUNCT
taxlaw-6680	925	10	supra	supra	PROPN
taxlaw-6680	925	11	note	note	VERB
taxlaw-6680	925	12	102	102	NUM
taxlaw-6680	925	13	at	at	ADP
taxlaw-6680	925	14	32	32	NUM
taxlaw-6680	925	15	-	-	SYM
taxlaw-6680	925	16	33	33	NUM
taxlaw-6680	925	17	.	.	PUNCT
taxlaw-6680	926	1	166	166	NUM
taxlaw-6680	926	2	treas	trea	NOUN
taxlaw-6680	926	3	.	.	PUNCT
taxlaw-6680	927	1	reg	reg	NOUN
taxlaw-6680	927	2	.	.	PUNCT
taxlaw-6680	928	1	§	§	NOUN
taxlaw-6680	928	2	1.704–1(b)(2)(ii)(i	1.704–1(b)(2)(ii)(i	NOUN
taxlaw-6680	928	3	)	)	PUNCT
taxlaw-6680	928	4	.	.	PUNCT
taxlaw-6680	929	1	[	[	X
taxlaw-6680	929	2	vol	vol	NOUN
taxlaw-6680	929	3	.	.	PROPN
taxlaw-6680	929	4	11:1	11:1	NUM
taxlaw-6680	929	5	columbia	columbia	PROPN
taxlaw-6680	929	6	journal	journal	PROPN
taxlaw-6680	929	7	of	of	ADP
taxlaw-6680	929	8	tax	tax	NOUN
taxlaw-6680	929	9	law	law	NOUN
taxlaw-6680	929	10	140	140	NUM
taxlaw-6680	929	11	to	to	PART
taxlaw-6680	929	12	compare	compare	VERB
taxlaw-6680	929	13	the	the	DET
taxlaw-6680	929	14	liquidation	liquidation	NOUN
taxlaw-6680	929	15	result	result	NOUN
taxlaw-6680	929	16	under	under	ADP
taxlaw-6680	929	17	the	the	DET
taxlaw-6680	929	18	partnership	partnership	NOUN
taxlaw-6680	929	19	agreement	agreement	NOUN
taxlaw-6680	929	20	,	,	PUNCT
taxlaw-6680	929	21	taking	take	VERB
taxlaw-6680	929	22	into	into	ADP
taxlaw-6680	929	23	account	account	NOUN
taxlaw-6680	929	24	the	the	DET
taxlaw-6680	929	25	new	new	ADJ
taxlaw-6680	929	26	book	book	NOUN
taxlaw-6680	929	27	basis	basis	NOUN
taxlaw-6680	929	28	and	and	CCONJ
taxlaw-6680	929	29	the	the	DET
taxlaw-6680	929	30	new	new	ADJ
taxlaw-6680	929	31	capital	capital	NOUN
taxlaw-6680	929	32	account	account	NOUN
taxlaw-6680	929	33	balances	balance	NOUN
taxlaw-6680	929	34	after	after	ADP
taxlaw-6680	929	35	adjustments	adjustment	NOUN
taxlaw-6680	929	36	for	for	ADP
taxlaw-6680	929	37	revaluation	revaluation	NOUN
taxlaw-6680	929	38	in	in	ADP
taxlaw-6680	929	39	accordance	accordance	NOUN
taxlaw-6680	929	40	with	with	ADP
taxlaw-6680	929	41	the	the	DET
taxlaw-6680	929	42	regulations	regulation	NOUN
taxlaw-6680	929	43	,	,	PUNCT
taxlaw-6680	929	44	with	with	ADP
taxlaw-6680	929	45	the	the	DET
taxlaw-6680	929	46	result	result	NOUN
taxlaw-6680	929	47	under	under	ADP
taxlaw-6680	929	48	the	the	DET
taxlaw-6680	929	49	primary	primary	ADJ
taxlaw-6680	929	50	test	test	NOUN
taxlaw-6680	929	51	.	.	PUNCT
taxlaw-6680	930	1	v.	v.	ADP
taxlaw-6680	930	2	conclusion	conclusion	NOUN
taxlaw-6680	930	3	unlike	unlike	ADP
taxlaw-6680	930	4	many	many	ADJ
taxlaw-6680	930	5	other	other	ADJ
taxlaw-6680	930	6	facets	facet	NOUN
taxlaw-6680	930	7	of	of	ADP
taxlaw-6680	930	8	federal	federal	ADJ
taxlaw-6680	930	9	tax	tax	NOUN
taxlaw-6680	930	10	law	law	NOUN
taxlaw-6680	930	11	,	,	PUNCT
taxlaw-6680	930	12	efficiency	efficiency	NOUN
taxlaw-6680	930	13	considerations	consideration	NOUN
taxlaw-6680	930	14	do	do	AUX
taxlaw-6680	930	15	not	not	PART
taxlaw-6680	930	16	seem	seem	VERB
taxlaw-6680	930	17	to	to	PART
taxlaw-6680	930	18	have	have	AUX
taxlaw-6680	930	19	played	play	VERB
taxlaw-6680	930	20	an	an	DET
taxlaw-6680	930	21	important	important	ADJ
taxlaw-6680	930	22	role	role	NOUN
taxlaw-6680	930	23	in	in	ADP
taxlaw-6680	930	24	the	the	DET
taxlaw-6680	930	25	analysis	analysis	NOUN
taxlaw-6680	930	26	of	of	ADP
taxlaw-6680	930	27	subchapter	subchapter	NOUN
taxlaw-6680	930	28	k.	k.	PROPN
taxlaw-6680	930	29	however	however	ADV
taxlaw-6680	930	30	,	,	PUNCT
taxlaw-6680	930	31	an	an	DET
taxlaw-6680	930	32	arbitrary	arbitrary	ADJ
taxlaw-6680	930	33	tax	tax	NOUN
taxlaw-6680	930	34	policy	policy	NOUN
taxlaw-6680	930	35	under	under	ADP
taxlaw-6680	930	36	subchapter	subchapter	NOUN
taxlaw-6680	931	1	k	k	PROPN
taxlaw-6680	931	2	has	have	VERB
taxlaw-6680	931	3	the	the	DET
taxlaw-6680	931	4	same	same	ADJ
taxlaw-6680	931	5	potential	potential	NOUN
taxlaw-6680	931	6	of	of	ADP
taxlaw-6680	931	7	imposing	impose	VERB
taxlaw-6680	931	8	efficiency	efficiency	NOUN
taxlaw-6680	931	9	costs	cost	NOUN
taxlaw-6680	931	10	on	on	ADP
taxlaw-6680	931	11	society	society	NOUN
taxlaw-6680	931	12	.	.	PUNCT
taxlaw-6680	932	1	while	while	SCONJ
taxlaw-6680	932	2	the	the	DET
taxlaw-6680	932	3	treasury	treasury	NOUN
taxlaw-6680	932	4	has	have	AUX
taxlaw-6680	932	5	elected	elect	VERB
taxlaw-6680	932	6	to	to	PART
taxlaw-6680	932	7	use	use	VERB
taxlaw-6680	932	8	capital	capital	NOUN
taxlaw-6680	932	9	accounts	account	NOUN
taxlaw-6680	932	10	as	as	ADP
taxlaw-6680	932	11	a	a	DET
taxlaw-6680	932	12	measurement	measurement	NOUN
taxlaw-6680	932	13	of	of	ADP
taxlaw-6680	932	14	the	the	DET
taxlaw-6680	932	15	partners	partner	NOUN
taxlaw-6680	932	16	’	'	PUNCT
taxlaw-6680	932	17	economic	economic	ADJ
taxlaw-6680	932	18	arrangement	arrangement	NOUN
taxlaw-6680	932	19	,	,	PUNCT
taxlaw-6680	932	20	its	its	PRON
taxlaw-6680	932	21	“	"	PUNCT
taxlaw-6680	932	22	one	one	NUM
taxlaw-6680	932	23	-	-	PUNCT
taxlaw-6680	932	24	size	size	NOUN
taxlaw-6680	932	25	-	-	PUNCT
taxlaw-6680	932	26	fits	fit	VERB
taxlaw-6680	932	27	-	-	PUNCT
taxlaw-6680	932	28	all	all	PRON
taxlaw-6680	932	29	”	"	PUNCT
taxlaw-6680	932	30	approach	approach	NOUN
taxlaw-6680	932	31	may	may	AUX
taxlaw-6680	932	32	not	not	PART
taxlaw-6680	932	33	work	work	VERB
taxlaw-6680	932	34	well	well	ADV
taxlaw-6680	932	35	in	in	ADP
taxlaw-6680	932	36	complex	complex	ADJ
taxlaw-6680	932	37	partnership	partnership	NOUN
taxlaw-6680	932	38	deals	deal	NOUN
taxlaw-6680	932	39	.	.	PUNCT
taxlaw-6680	933	1	to	to	PART
taxlaw-6680	933	2	improve	improve	VERB
taxlaw-6680	933	3	the	the	DET
taxlaw-6680	933	4	efficiency	efficiency	NOUN
taxlaw-6680	933	5	of	of	ADP
taxlaw-6680	933	6	subchapter	subchapter	NOUN
taxlaw-6680	933	7	k	k	PROPN
taxlaw-6680	933	8	,	,	PUNCT
taxlaw-6680	933	9	the	the	DET
taxlaw-6680	933	10	treasury	treasury	NOUN
taxlaw-6680	933	11	should	should	AUX
taxlaw-6680	933	12	attempt	attempt	VERB
taxlaw-6680	933	13	to	to	PART
taxlaw-6680	933	14	clear	clear	VERB
taxlaw-6680	933	15	up	up	ADP
taxlaw-6680	933	16	the	the	DET
taxlaw-6680	933	17	current	current	ADJ
taxlaw-6680	933	18	regulatory	regulatory	ADJ
taxlaw-6680	933	19	uncertainty	uncertainty	NOUN
taxlaw-6680	933	20	under	under	ADP
taxlaw-6680	933	21	section	section	NOUN
taxlaw-6680	933	22	704	704	NUM
taxlaw-6680	933	23	regulations	regulation	NOUN
taxlaw-6680	933	24	and	and	CCONJ
taxlaw-6680	933	25	should	should	AUX
taxlaw-6680	933	26	consider	consider	VERB
taxlaw-6680	933	27	establishing	establish	VERB
taxlaw-6680	933	28	a	a	DET
taxlaw-6680	933	29	safe	safe	ADJ
taxlaw-6680	933	30	harbor	harbor	NOUN
taxlaw-6680	933	31	approach	approach	NOUN
taxlaw-6680	933	32	for	for	ADP
taxlaw-6680	933	33	non	non	ADJ
taxlaw-6680	933	34	-	-	ADJ
taxlaw-6680	933	35	abusive	abusive	ADJ
taxlaw-6680	933	36	partnership	partnership	NOUN
taxlaw-6680	933	37	allocations	allocation	NOUN
taxlaw-6680	933	38	that	that	PRON
taxlaw-6680	933	39	do	do	AUX
taxlaw-6680	933	40	not	not	PART
taxlaw-6680	933	41	follow	follow	VERB
taxlaw-6680	933	42	the	the	DET
taxlaw-6680	933	43	treasury	treasury	NOUN
taxlaw-6680	933	44	’s	’s	PART
taxlaw-6680	933	45	capital	capital	NOUN
taxlaw-6680	933	46	account	account	NOUN
taxlaw-6680	933	47	approach	approach	NOUN
taxlaw-6680	933	48	.	.	PUNCT