id	sid	tid	token	lemma	pos
taxlaw-8367	1	1	microsoft	microsoft	PROPN
taxlaw-8367	1	2	word	word	PROPN
taxlaw-8367	1	3	hasen	hasen	PROPN
taxlaw-8367	1	4	article	article	PROPN
taxlaw-8367	1	5	formatted.docx	formatted.docx	NUM
taxlaw-8367	1	6	debt	debt	NOUN
taxlaw-8367	1	7	and	and	CCONJ
taxlaw-8367	1	8	taxes	taxis	NOUN
taxlaw-8367	1	9	david	david	PROPN
taxlaw-8367	1	10	hasen	hasen	PROPN
taxlaw-8367	1	11	*	*	PROPN
taxlaw-8367	1	12	abstract	abstract	VERB
taxlaw-8367	1	13	the	the	DET
taxlaw-8367	1	14	federal	federal	ADJ
taxlaw-8367	1	15	income	income	NOUN
taxlaw-8367	1	16	tax	tax	NOUN
taxlaw-8367	1	17	conceptualizes	conceptualize	VERB
taxlaw-8367	1	18	the	the	DET
taxlaw-8367	1	19	standard	standard	ADJ
taxlaw-8367	1	20	loan	loan	NOUN
taxlaw-8367	1	21	transaction	transaction	NOUN
taxlaw-8367	1	22	as	as	ADP
taxlaw-8367	1	23	an	an	DET
taxlaw-8367	1	24	exchange	exchange	NOUN
taxlaw-8367	1	25	of	of	ADP
taxlaw-8367	1	26	cash	cash	NOUN
taxlaw-8367	1	27	for	for	ADP
taxlaw-8367	1	28	promises	promise	NOUN
taxlaw-8367	1	29	to	to	PART
taxlaw-8367	1	30	pay	pay	VERB
taxlaw-8367	1	31	interest	interest	NOUN
taxlaw-8367	1	32	and	and	CCONJ
taxlaw-8367	1	33	to	to	PART
taxlaw-8367	1	34	repay	repay	VERB
taxlaw-8367	1	35	the	the	DET
taxlaw-8367	1	36	amount	amount	NOUN
taxlaw-8367	1	37	borrowed	borrow	VERB
taxlaw-8367	1	38	by	by	ADP
taxlaw-8367	1	39	the	the	DET
taxlaw-8367	1	40	end	end	NOUN
taxlaw-8367	1	41	of	of	ADP
taxlaw-8367	1	42	the	the	DET
taxlaw-8367	1	43	term	term	NOUN
taxlaw-8367	1	44	.	.	PUNCT
taxlaw-8367	2	1	this	this	DET
taxlaw-8367	2	2	formulation	formulation	NOUN
taxlaw-8367	2	3	is	be	AUX
taxlaw-8367	2	4	subtly	subtly	ADV
taxlaw-8367	2	5	incorrect	incorrect	ADJ
taxlaw-8367	2	6	in	in	ADP
taxlaw-8367	2	7	ways	way	NOUN
taxlaw-8367	2	8	that	that	PRON
taxlaw-8367	2	9	have	have	AUX
taxlaw-8367	2	10	led	lead	VERB
taxlaw-8367	2	11	to	to	ADP
taxlaw-8367	2	12	a	a	DET
taxlaw-8367	2	13	weaker	weak	ADJ
taxlaw-8367	2	14	foundation	foundation	NOUN
taxlaw-8367	2	15	for	for	ADP
taxlaw-8367	2	16	existing	exist	VERB
taxlaw-8367	2	17	tax	tax	NOUN
taxlaw-8367	2	18	rules	rule	NOUN
taxlaw-8367	2	19	than	than	SCONJ
taxlaw-8367	2	20	they	they	PRON
taxlaw-8367	2	21	merit	merit	VERB
taxlaw-8367	2	22	.	.	PUNCT
taxlaw-8367	3	1	conceptualizing	conceptualize	VERB
taxlaw-8367	3	2	loans	loan	NOUN
taxlaw-8367	3	3	instead	instead	ADV
taxlaw-8367	3	4	as	as	ADP
taxlaw-8367	3	5	closely	closely	ADV
taxlaw-8367	3	6	akin	akin	ADJ
taxlaw-8367	3	7	to	to	ADP
taxlaw-8367	3	8	leases	lease	NOUN
taxlaw-8367	3	9	places	place	NOUN
taxlaw-8367	3	10	most	most	ADJ
taxlaw-8367	3	11	of	of	ADP
taxlaw-8367	3	12	the	the	DET
taxlaw-8367	3	13	tax	tax	NOUN
taxlaw-8367	3	14	rules	rule	NOUN
taxlaw-8367	3	15	for	for	ADP
taxlaw-8367	3	16	debt	debt	NOUN
taxlaw-8367	3	17	on	on	ADP
taxlaw-8367	3	18	sounder	sounder	NOUN
taxlaw-8367	3	19	footing	footing	NOUN
taxlaw-8367	3	20	because	because	SCONJ
taxlaw-8367	3	21	it	it	PRON
taxlaw-8367	3	22	clarifies	clarify	VERB
taxlaw-8367	3	23	that	that	SCONJ
taxlaw-8367	3	24	interest	interest	NOUN
taxlaw-8367	3	25	is	be	AUX
taxlaw-8367	3	26	the	the	DET
taxlaw-8367	3	27	consideration	consideration	NOUN
taxlaw-8367	3	28	paid	pay	VERB
taxlaw-8367	3	29	for	for	ADP
taxlaw-8367	3	30	the	the	DET
taxlaw-8367	3	31	use	use	NOUN
taxlaw-8367	3	32	of	of	ADP
taxlaw-8367	3	33	the	the	DET
taxlaw-8367	3	34	loan	loan	NOUN
taxlaw-8367	3	35	proceeds	proceed	NOUN
taxlaw-8367	3	36	.	.	PUNCT
taxlaw-8367	4	1	if	if	SCONJ
taxlaw-8367	4	2	interest	interest	NOUN
taxlaw-8367	4	3	is	be	AUX
taxlaw-8367	4	4	the	the	DET
taxlaw-8367	4	5	cost	cost	NOUN
taxlaw-8367	4	6	of	of	ADP
taxlaw-8367	4	7	the	the	DET
taxlaw-8367	4	8	use	use	NOUN
taxlaw-8367	4	9	of	of	ADP
taxlaw-8367	4	10	money	money	NOUN
taxlaw-8367	4	11	,	,	PUNCT
taxlaw-8367	4	12	then	then	ADV
taxlaw-8367	4	13	simple	simple	ADJ
taxlaw-8367	4	14	borrowing	borrowing	NOUN
taxlaw-8367	4	15	is	be	AUX
taxlaw-8367	4	16	a	a	DET
taxlaw-8367	4	17	fully	fully	ADV
taxlaw-8367	4	18	-	-	PUNCT
taxlaw-8367	4	19	paid	pay	VERB
taxlaw-8367	4	20	-	-	PUNCT
taxlaw-8367	4	21	for	for	ADP
taxlaw-8367	4	22	transaction	transaction	NOUN
taxlaw-8367	4	23	,	,	PUNCT
taxlaw-8367	4	24	full	full	ADJ
taxlaw-8367	4	25	basis	basis	NOUN
taxlaw-8367	4	26	credit	credit	NOUN
taxlaw-8367	4	27	in	in	ADP
taxlaw-8367	4	28	the	the	DET
taxlaw-8367	4	29	loan	loan	NOUN
taxlaw-8367	4	30	proceeds	proceed	NOUN
taxlaw-8367	4	31	for	for	ADP
taxlaw-8367	4	32	the	the	DET
taxlaw-8367	4	33	period	period	NOUN
taxlaw-8367	4	34	for	for	ADP
taxlaw-8367	4	35	which	which	PRON
taxlaw-8367	4	36	interest	interest	NOUN
taxlaw-8367	4	37	is	be	AUX
taxlaw-8367	4	38	paid	pay	VERB
taxlaw-8367	4	39	is	be	AUX
taxlaw-8367	4	40	appropriate	appropriate	ADJ
taxlaw-8367	4	41	,	,	PUNCT
taxlaw-8367	4	42	and	and	CCONJ
taxlaw-8367	4	43	cancellation	cancellation	NOUN
taxlaw-8367	4	44	of	of	ADP
taxlaw-8367	4	45	debt	debt	NOUN
taxlaw-8367	4	46	is	be	AUX
taxlaw-8367	4	47	a	a	DET
taxlaw-8367	4	48	straightforward	straightforward	ADJ
taxlaw-8367	4	49	accession	accession	NOUN
taxlaw-8367	4	50	to	to	ADP
taxlaw-8367	4	51	wealth	wealth	NOUN
taxlaw-8367	4	52	in	in	ADP
taxlaw-8367	4	53	the	the	DET
taxlaw-8367	4	54	period	period	NOUN
taxlaw-8367	4	55	in	in	ADP
taxlaw-8367	4	56	which	which	PRON
taxlaw-8367	4	57	it	it	PRON
taxlaw-8367	4	58	occurs	occur	VERB
taxlaw-8367	4	59	.	.	PUNCT
taxlaw-8367	5	1	these	these	DET
taxlaw-8367	5	2	conclusions	conclusion	NOUN
taxlaw-8367	5	3	hold	hold	VERB
taxlaw-8367	5	4	whether	whether	SCONJ
taxlaw-8367	5	5	the	the	DET
taxlaw-8367	5	6	interest	interest	NOUN
taxlaw-8367	5	7	is	be	AUX
taxlaw-8367	5	8	deductible	deductible	ADJ
taxlaw-8367	5	9	or	or	CCONJ
taxlaw-8367	5	10	not	not	PART
taxlaw-8367	5	11	and	and	CCONJ
taxlaw-8367	5	12	are	be	AUX
taxlaw-8367	5	13	consistent	consistent	ADJ
taxlaw-8367	5	14	with	with	ADP
taxlaw-8367	5	15	current	current	ADJ
taxlaw-8367	5	16	law	law	NOUN
taxlaw-8367	5	17	,	,	PUNCT
taxlaw-8367	5	18	which	which	PRON
taxlaw-8367	5	19	has	have	AUX
taxlaw-8367	5	20	come	come	VERB
taxlaw-8367	5	21	under	under	ADP
taxlaw-8367	5	22	fire	fire	NOUN
taxlaw-8367	5	23	from	from	ADP
taxlaw-8367	5	24	some	some	DET
taxlaw-8367	5	25	quarters	quarter	NOUN
taxlaw-8367	5	26	.	.	PUNCT
taxlaw-8367	6	1	although	although	SCONJ
taxlaw-8367	6	2	the	the	DET
taxlaw-8367	6	3	proposed	propose	VERB
taxlaw-8367	6	4	reconceptualization	reconceptualization	NOUN
taxlaw-8367	6	5	of	of	ADP
taxlaw-8367	6	6	loan	loan	NOUN
taxlaw-8367	6	7	as	as	SCONJ
taxlaw-8367	6	8	lease	lease	NOUN
taxlaw-8367	6	9	supports	support	VERB
taxlaw-8367	6	10	a	a	DET
taxlaw-8367	6	11	number	number	NOUN
taxlaw-8367	6	12	of	of	ADP
taxlaw-8367	6	13	longstanding	longstanding	ADJ
taxlaw-8367	6	14	income	income	NOUN
taxlaw-8367	6	15	tax	tax	NOUN
taxlaw-8367	6	16	rules	rule	NOUN
taxlaw-8367	6	17	,	,	PUNCT
taxlaw-8367	6	18	one	one	NUM
taxlaw-8367	6	19	area	area	NOUN
taxlaw-8367	6	20	in	in	ADP
taxlaw-8367	6	21	which	which	PRON
taxlaw-8367	6	22	it	it	PRON
taxlaw-8367	6	23	counsels	counsel	VERB
taxlaw-8367	6	24	significant	significant	ADJ
taxlaw-8367	6	25	reform	reform	NOUN
taxlaw-8367	6	26	is	be	AUX
taxlaw-8367	6	27	the	the	DET
taxlaw-8367	6	28	taxation	taxation	NOUN
taxlaw-8367	6	29	of	of	ADP
taxlaw-8367	6	30	partnerships	partnership	NOUN
taxlaw-8367	6	31	.	.	PUNCT
taxlaw-8367	7	1	if	if	SCONJ
taxlaw-8367	7	2	loans	loan	NOUN
taxlaw-8367	7	3	are	be	AUX
taxlaw-8367	7	4	like	like	ADP
taxlaw-8367	7	5	cash	cash	NOUN
taxlaw-8367	7	6	leases	lease	NOUN
taxlaw-8367	7	7	made	make	VERB
taxlaw-8367	7	8	in	in	ADP
taxlaw-8367	7	9	exchange	exchange	NOUN
taxlaw-8367	7	10	for	for	ADP
taxlaw-8367	7	11	interest	interest	NOUN
taxlaw-8367	7	12	qualifying	qualify	VERB
taxlaw-8367	7	13	as	as	ADP
taxlaw-8367	7	14	rent	rent	NOUN
taxlaw-8367	7	15	,	,	PUNCT
taxlaw-8367	7	16	treasury	treasury	PROPN
taxlaw-8367	7	17	should	should	AUX
taxlaw-8367	7	18	provide	provide	VERB
taxlaw-8367	7	19	for	for	ADP
taxlaw-8367	7	20	the	the	DET
taxlaw-8367	7	21	allocation	allocation	NOUN
taxlaw-8367	7	22	of	of	ADP
taxlaw-8367	7	23	basis	basis	NOUN
taxlaw-8367	7	24	credit	credit	NOUN
taxlaw-8367	7	25	among	among	ADP
taxlaw-8367	7	26	partners	partner	NOUN
taxlaw-8367	7	27	for	for	ADP
taxlaw-8367	7	28	the	the	DET
taxlaw-8367	7	29	partnership	partnership	NOUN
taxlaw-8367	7	30	’s	’s	PART
taxlaw-8367	7	31	debt	debt	NOUN
taxlaw-8367	7	32	based	base	VERB
taxlaw-8367	7	33	on	on	ADP
taxlaw-8367	7	34	who	who	PRON
taxlaw-8367	7	35	bears	bear	VERB
taxlaw-8367	7	36	the	the	DET
taxlaw-8367	7	37	economic	economic	ADJ
taxlaw-8367	7	38	burden	burden	NOUN
taxlaw-8367	7	39	of	of	ADP
taxlaw-8367	7	40	the	the	DET
taxlaw-8367	7	41	interest	interest	NOUN
taxlaw-8367	7	42	expense	expense	NOUN
taxlaw-8367	7	43	.	.	PUNCT
taxlaw-8367	8	1	the	the	DET
taxlaw-8367	8	2	rule	rule	NOUN
taxlaw-8367	8	3	should	should	AUX
taxlaw-8367	8	4	apply	apply	VERB
taxlaw-8367	8	5	regardless	regardless	ADV
taxlaw-8367	8	6	of	of	ADP
taxlaw-8367	8	7	whether	whether	SCONJ
taxlaw-8367	8	8	the	the	DET
taxlaw-8367	8	9	debt	debt	NOUN
taxlaw-8367	8	10	is	be	AUX
taxlaw-8367	8	11	recourse	recourse	NOUN
taxlaw-8367	8	12	or	or	CCONJ
taxlaw-8367	8	13	nonrecourse	nonrecourse	NOUN
taxlaw-8367	8	14	and	and	CCONJ
taxlaw-8367	8	15	regardless	regardless	ADV
taxlaw-8367	8	16	of	of	ADP
taxlaw-8367	8	17	who	who	PRON
taxlaw-8367	8	18	would	would	AUX
taxlaw-8367	8	19	have	have	AUX
taxlaw-8367	8	20	discharge	discharge	NOUN
taxlaw-8367	8	21	of	of	ADP
taxlaw-8367	8	22	indebtedness	indebtedness	NOUN
taxlaw-8367	8	23	income	income	NOUN
taxlaw-8367	8	24	on	on	ADP
taxlaw-8367	8	25	default	default	NOUN
taxlaw-8367	8	26	.	.	PUNCT
taxlaw-8367	9	1	such	such	DET
taxlaw-8367	9	2	an	an	DET
taxlaw-8367	9	3	approach	approach	NOUN
taxlaw-8367	9	4	differs	differ	VERB
taxlaw-8367	9	5	markedly	markedly	ADV
taxlaw-8367	9	6	from	from	ADP
taxlaw-8367	9	7	the	the	DET
taxlaw-8367	9	8	existing	exist	VERB
taxlaw-8367	9	9	rules	rule	NOUN
taxlaw-8367	9	10	for	for	ADP
taxlaw-8367	9	11	recourse	recourse	NOUN
taxlaw-8367	9	12	obligations	obligation	NOUN
taxlaw-8367	9	13	but	but	CCONJ
taxlaw-8367	9	14	is	be	AUX
taxlaw-8367	9	15	closer	close	ADJ
taxlaw-8367	9	16	to	to	ADP
taxlaw-8367	9	17	the	the	DET
taxlaw-8367	9	18	rules	rule	NOUN
taxlaw-8367	9	19	for	for	ADP
taxlaw-8367	9	20	certain	certain	ADJ
taxlaw-8367	9	21	nonrecourse	nonrecourse	NOUN
taxlaw-8367	9	22	obligations	obligation	NOUN
taxlaw-8367	9	23	.	.	PUNCT
taxlaw-8367	10	1	a	a	DET
taxlaw-8367	10	2	modification	modification	NOUN
taxlaw-8367	10	3	of	of	ADP
taxlaw-8367	10	4	the	the	DET
taxlaw-8367	10	5	rules	rule	NOUN
taxlaw-8367	10	6	applicable	applicable	ADJ
taxlaw-8367	10	7	to	to	PART
taxlaw-8367	10	8	partnership	partnership	VERB
taxlaw-8367	10	9	debt	debt	NOUN
taxlaw-8367	10	10	consistent	consistent	ADJ
taxlaw-8367	10	11	with	with	ADP
taxlaw-8367	10	12	the	the	DET
taxlaw-8367	10	13	loan	loan	NOUN
taxlaw-8367	10	14	-	-	PUNCT
taxlaw-8367	10	15	as	as	ADP
taxlaw-8367	10	16	-	-	PUNCT
taxlaw-8367	10	17	lease	lease	NOUN
taxlaw-8367	10	18	theory	theory	NOUN
taxlaw-8367	10	19	,	,	PUNCT
taxlaw-8367	10	20	therefore	therefore	ADV
taxlaw-8367	10	21	,	,	PUNCT
taxlaw-8367	10	22	would	would	AUX
taxlaw-8367	10	23	remove	remove	VERB
taxlaw-8367	10	24	a	a	DET
taxlaw-8367	10	25	significant	significant	ADJ
taxlaw-8367	10	26	discontinuity	discontinuity	NOUN
taxlaw-8367	10	27	in	in	ADP
taxlaw-8367	10	28	the	the	DET
taxlaw-8367	10	29	current	current	ADJ
taxlaw-8367	10	30	tax	tax	NOUN
taxlaw-8367	10	31	treatment	treatment	NOUN
taxlaw-8367	10	32	of	of	ADP
taxlaw-8367	10	33	partnership	partnership	NOUN
taxlaw-8367	10	34	debt	debt	NOUN
taxlaw-8367	10	35	.	.	PUNCT
taxlaw-8367	11	1	i.	i.	PROPN
taxlaw-8367	11	2	introduction	introduction	NOUN
taxlaw-8367	11	3	......................................................................................................	......................................................................................................	PROPN
taxlaw-8367	12	1	90	90	NUM
taxlaw-8367	12	2	ii	ii	NOUN
taxlaw-8367	12	3	.	.	PUNCT
taxlaw-8367	13	1	the	the	DET
taxlaw-8367	13	2	loan	loan	NOUN
taxlaw-8367	13	3	transaction	transaction	NOUN
taxlaw-8367	13	4	:	:	PUNCT
taxlaw-8367	13	5	the	the	DET
taxlaw-8367	13	6	standard	standard	ADJ
taxlaw-8367	13	7	view	view	NOUN
taxlaw-8367	13	8	.......................................	.......................................	PUNCT
taxlaw-8367	13	9	93	93	NUM
taxlaw-8367	13	10	a.	a.	NOUN
taxlaw-8367	13	11	tax	tax	NOUN
taxlaw-8367	13	12	law	law	NOUN
taxlaw-8367	13	13	characterization	characterization	NOUN
taxlaw-8367	13	14	of	of	ADP
taxlaw-8367	13	15	loans	loan	NOUN
taxlaw-8367	13	16	.....................................................................	.....................................................................	PUNCT
taxlaw-8367	13	17	93	93	NUM
taxlaw-8367	13	18	b.	b.	NOUN
taxlaw-8367	13	19	proposition	proposition	NOUN
taxlaw-8367	13	20	1	1	NUM
taxlaw-8367	13	21	:	:	PUNCT
taxlaw-8367	13	22	the	the	DET
taxlaw-8367	13	23	extension	extension	NOUN
taxlaw-8367	13	24	of	of	ADP
taxlaw-8367	13	25	the	the	DET
taxlaw-8367	13	26	loan	loan	NOUN
taxlaw-8367	13	27	has	have	VERB
taxlaw-8367	13	28	no	no	DET
taxlaw-8367	13	29	tax	tax	NOUN
taxlaw-8367	13	30	consequences	consequence	NOUN
taxlaw-8367	13	31	.................	.................	PUNCT
taxlaw-8367	14	1	94	94	NUM
taxlaw-8367	14	2	1	1	NUM
taxlaw-8367	14	3	.	.	PUNCT
taxlaw-8367	14	4	treatment	treatment	NOUN
taxlaw-8367	14	5	of	of	ADP
taxlaw-8367	14	6	borrower	borrower	NOUN
taxlaw-8367	14	7	..................................................................................	..................................................................................	PUNCT
taxlaw-8367	15	1	95	95	NUM
taxlaw-8367	15	2	2	2	NUM
taxlaw-8367	15	3	.	.	PUNCT
taxlaw-8367	15	4	treatment	treatment	NOUN
taxlaw-8367	15	5	of	of	ADP
taxlaw-8367	15	6	lender	lender	NOUN
taxlaw-8367	15	7	......................................................................................	......................................................................................	PUNCT
taxlaw-8367	16	1	99	99	NUM
taxlaw-8367	16	2	c.	c.	NOUN
taxlaw-8367	16	3	proposition	proposition	NOUN
taxlaw-8367	16	4	2	2	NUM
taxlaw-8367	16	5	:	:	PUNCT
taxlaw-8367	16	6	both	both	DET
taxlaw-8367	16	7	parties	party	NOUN
taxlaw-8367	16	8	receive	receive	VERB
taxlaw-8367	16	9	basis	basis	NOUN
taxlaw-8367	16	10	credit	credit	NOUN
taxlaw-8367	16	11	................................................	................................................	PUNCT
taxlaw-8367	16	12	99	99	NUM
taxlaw-8367	16	13	d.	d.	NOUN
taxlaw-8367	16	14	proposition	proposition	NOUN
taxlaw-8367	16	15	3	3	NUM
taxlaw-8367	16	16	:	:	PUNCT
taxlaw-8367	16	17	borrower	borrower	NOUN
taxlaw-8367	16	18	default	default	NOUN
taxlaw-8367	16	19	triggers	trigger	VERB
taxlaw-8367	16	20	an	an	DET
taxlaw-8367	16	21	inclusion	inclusion	NOUN
taxlaw-8367	16	22	.....................................	.....................................	PUNCT
taxlaw-8367	16	23	102	102	NUM
taxlaw-8367	16	24	iii	iii	NOUN
taxlaw-8367	16	25	.	.	PUNCT
taxlaw-8367	16	26	loan	loan	NOUN
taxlaw-8367	16	27	as	as	ADP
taxlaw-8367	16	28	lease	lease	NOUN
taxlaw-8367	16	29	...................................................................................................	...................................................................................................	PUNCT
taxlaw-8367	17	1	105	105	NUM
taxlaw-8367	17	2	a.	a.	NOUN
taxlaw-8367	17	3	what	what	PRON
taxlaw-8367	17	4	is	be	AUX
taxlaw-8367	17	5	a	a	DET
taxlaw-8367	17	6	loan	loan	NOUN
taxlaw-8367	17	7	?	?	PUNCT
taxlaw-8367	18	1	.................................................................................................	.................................................................................................	PUNCT
taxlaw-8367	19	1	106	106	NUM
taxlaw-8367	19	2	b.	b.	NOUN
taxlaw-8367	19	3	what	what	PRON
taxlaw-8367	19	4	tax	tax	NOUN
taxlaw-8367	19	5	consequences	consequence	NOUN
taxlaw-8367	19	6	follow	follow	VERB
taxlaw-8367	19	7	from	from	ADP
taxlaw-8367	19	8	lal	lal	PROPN
taxlaw-8367	19	9	?	?	PUNCT
taxlaw-8367	20	1	...................................................	...................................................	PUNCT
taxlaw-8367	21	1	108	108	NUM
taxlaw-8367	21	2	c.	c.	PROPN
taxlaw-8367	21	3	lal	lal	PROPN
taxlaw-8367	21	4	when	when	SCONJ
taxlaw-8367	21	5	the	the	DET
taxlaw-8367	21	6	lender	lender	NOUN
taxlaw-8367	21	7	assumes	assume	VERB
taxlaw-8367	21	8	risk	risk	NOUN
taxlaw-8367	21	9	...............................................................	...............................................................	PUNCT
taxlaw-8367	21	10	109	109	NUM
taxlaw-8367	21	11	1	1	NUM
taxlaw-8367	21	12	.	.	PUNCT
taxlaw-8367	22	1	considering	consider	VERB
taxlaw-8367	22	2	the	the	DET
taxlaw-8367	22	3	risk	risk	NOUN
taxlaw-8367	22	4	of	of	ADP
taxlaw-8367	22	5	loss	loss	NOUN
taxlaw-8367	22	6	as	as	ADP
taxlaw-8367	22	7	a	a	DET
taxlaw-8367	22	8	partial	partial	ADJ
taxlaw-8367	22	9	receipt	receipt	NOUN
taxlaw-8367	22	10	of	of	ADP
taxlaw-8367	22	11	the	the	DET
taxlaw-8367	22	12	fee	fee	NOUN
taxlaw-8367	22	13	.....................	.....................	PUNCT
taxlaw-8367	22	14	110	110	NUM
taxlaw-8367	22	15	2	2	NUM
taxlaw-8367	22	16	.	.	PUNCT
taxlaw-8367	22	17	provision	provision	NOUN
taxlaw-8367	22	18	of	of	ADP
taxlaw-8367	22	19	security	security	NOUN
taxlaw-8367	22	20	and	and	CCONJ
taxlaw-8367	22	21	covenants	covenant	NOUN
taxlaw-8367	22	22	..........................................................	..........................................................	PUNCT
taxlaw-8367	22	23	111	111	NUM
taxlaw-8367	22	24	*	*	PUNCT
taxlaw-8367	22	25	professor	professor	NOUN
taxlaw-8367	22	26	,	,	PUNCT
taxlaw-8367	22	27	university	university	PROPN
taxlaw-8367	22	28	of	of	ADP
taxlaw-8367	22	29	florida	florida	PROPN
taxlaw-8367	22	30	levin	levin	PROPN
taxlaw-8367	22	31	college	college	PROPN
taxlaw-8367	22	32	of	of	ADP
taxlaw-8367	22	33	law	law	NOUN
taxlaw-8367	22	34	.	.	PUNCT
taxlaw-8367	23	1	thanks	thank	NOUN
taxlaw-8367	23	2	to	to	ADP
taxlaw-8367	23	3	pat	pat	PROPN
taxlaw-8367	23	4	cain	cain	PROPN
taxlaw-8367	23	5	,	,	PUNCT
taxlaw-8367	23	6	charlene	charlene	PROPN
taxlaw-8367	23	7	luke	luke	PROPN
taxlaw-8367	23	8	,	,	PUNCT
taxlaw-8367	23	9	gregg	gregg	NOUN
taxlaw-8367	23	10	polsky	polsky	PROPN
taxlaw-8367	23	11	,	,	PUNCT
taxlaw-8367	23	12	pierre	pierre	NOUN
taxlaw-8367	23	13	schlag	schlag	NOUN
taxlaw-8367	23	14	,	,	PUNCT
taxlaw-8367	23	15	participants	participant	NOUN
taxlaw-8367	23	16	at	at	ADP
taxlaw-8367	23	17	conferences	conference	NOUN
taxlaw-8367	23	18	and	and	CCONJ
taxlaw-8367	23	19	the	the	DET
taxlaw-8367	23	20	editors	editor	NOUN
taxlaw-8367	23	21	of	of	ADP
taxlaw-8367	23	22	the	the	DET
taxlaw-8367	23	23	columbia	columbia	PROPN
taxlaw-8367	23	24	journal	journal	PROPN
taxlaw-8367	23	25	of	of	ADP
taxlaw-8367	23	26	tax	tax	NOUN
taxlaw-8367	23	27	law	law	NOUN
taxlaw-8367	23	28	.	.	PUNCT
taxlaw-8367	24	1	i	i	PRON
taxlaw-8367	24	2	remain	remain	VERB
taxlaw-8367	24	3	solely	solely	ADV
taxlaw-8367	24	4	responsible	responsible	ADJ
taxlaw-8367	24	5	for	for	ADP
taxlaw-8367	24	6	all	all	DET
taxlaw-8367	24	7	errors	error	NOUN
taxlaw-8367	24	8	.	.	PUNCT
taxlaw-8367	25	1	90	90	NUM
taxlaw-8367	25	2	columbia	columbia	PROPN
taxlaw-8367	25	3	journal	journal	PROPN
taxlaw-8367	25	4	of	of	ADP
taxlaw-8367	25	5	tax	tax	NOUN
taxlaw-8367	25	6	law	law	NOUN
taxlaw-8367	25	7	[	[	X
taxlaw-8367	25	8	vol	vol	NOUN
taxlaw-8367	25	9	.	.	PROPN
taxlaw-8367	25	10	12:89	12:89	NUM
taxlaw-8367	25	11	3	3	NUM
taxlaw-8367	25	12	.	.	PUNCT
taxlaw-8367	25	13	taxation	taxation	NOUN
taxlaw-8367	25	14	of	of	ADP
taxlaw-8367	25	15	doi	doi	NOUN
taxlaw-8367	25	16	..........................................................................................	..........................................................................................	PUNCT
taxlaw-8367	25	17	113	113	NUM
taxlaw-8367	25	18	d.	d.	PROPN
taxlaw-8367	25	19	irrelevance	irrelevance	NOUN
taxlaw-8367	25	20	of	of	ADP
taxlaw-8367	25	21	interest	interest	NOUN
taxlaw-8367	25	22	deductibility	deductibility	NOUN
taxlaw-8367	25	23	..................................................................	..................................................................	PUNCT
taxlaw-8367	25	24	114	114	NUM
taxlaw-8367	25	25	iv	iv	NOUN
taxlaw-8367	25	26	.	.	PUNCT
taxlaw-8367	26	1	the	the	DET
taxlaw-8367	26	2	tax	tax	NOUN
taxlaw-8367	26	3	treatment	treatment	NOUN
taxlaw-8367	26	4	of	of	ADP
taxlaw-8367	26	5	partnership	partnership	NOUN
taxlaw-8367	26	6	borrowing	borrowing	NOUN
taxlaw-8367	26	7	............................	............................	PUNCT
taxlaw-8367	26	8	117	117	NUM
taxlaw-8367	26	9	a.	a.	NOUN
taxlaw-8367	26	10	recourse	recourse	NOUN
taxlaw-8367	26	11	liabilities	liability	NOUN
taxlaw-8367	26	12	...........................................................................................	...........................................................................................	PUNCT
taxlaw-8367	26	13	118	118	NUM
taxlaw-8367	26	14	b.	b.	PROPN
taxlaw-8367	26	15	nonrecourse	nonrecourse	PROPN
taxlaw-8367	26	16	liabilities	liability	NOUN
taxlaw-8367	26	17	......................................................................................	......................................................................................	PUNCT
taxlaw-8367	26	18	120	120	NUM
taxlaw-8367	26	19	c.	c.	NOUN
taxlaw-8367	26	20	partnership	partnership	NOUN
taxlaw-8367	26	21	borrowing	borrow	VERB
taxlaw-8367	26	22	under	under	ADP
taxlaw-8367	26	23	lal	lal	PROPN
taxlaw-8367	26	24	...................................................................	...................................................................	PUNCT
taxlaw-8367	26	25	122	122	NUM
taxlaw-8367	26	26	v.	v.	ADP
taxlaw-8367	26	27	note	note	NOUN
taxlaw-8367	26	28	on	on	ADP
taxlaw-8367	26	29	the	the	DET
taxlaw-8367	26	30	haig	haig	PROPN
taxlaw-8367	26	31	-	-	PUNCT
taxlaw-8367	26	32	simons	simons	PROPN
taxlaw-8367	26	33	definition	definition	NOUN
taxlaw-8367	26	34	of	of	ADP
taxlaw-8367	26	35	income	income	NOUN
taxlaw-8367	26	36	..............................	..............................	PUNCT
taxlaw-8367	26	37	123	123	NUM
taxlaw-8367	26	38	vi	vi	NOUN
taxlaw-8367	26	39	.	.	PROPN
taxlaw-8367	26	40	conclusion	conclusion	NOUN
taxlaw-8367	26	41	........................................................................................................	........................................................................................................	PUNCT
taxlaw-8367	27	1	125	125	NUM
taxlaw-8367	27	2	i.	i.	NOUN
taxlaw-8367	27	3	introduction	introduction	NOUN
taxlaw-8367	27	4	most	most	ADJ
taxlaw-8367	27	5	of	of	ADP
taxlaw-8367	27	6	the	the	DET
taxlaw-8367	27	7	tax	tax	NOUN
taxlaw-8367	27	8	rules	rule	NOUN
taxlaw-8367	27	9	that	that	PRON
taxlaw-8367	27	10	apply	apply	VERB
taxlaw-8367	27	11	to	to	ADP
taxlaw-8367	27	12	loans	loan	NOUN
taxlaw-8367	27	13	are	be	AUX
taxlaw-8367	27	14	settled	settle	VERB
taxlaw-8367	27	15	,	,	PUNCT
taxlaw-8367	27	16	but	but	CCONJ
taxlaw-8367	27	17	the	the	DET
taxlaw-8367	27	18	proper	proper	ADJ
taxlaw-8367	27	19	tax	tax	NOUN
taxlaw-8367	27	20	treatment	treatment	NOUN
taxlaw-8367	27	21	of	of	ADP
taxlaw-8367	27	22	loans	loan	NOUN
taxlaw-8367	27	23	has	have	AUX
taxlaw-8367	27	24	long	long	ADV
taxlaw-8367	27	25	been	be	AUX
taxlaw-8367	27	26	in	in	ADP
taxlaw-8367	27	27	dispute.1	dispute.1	PROPN
taxlaw-8367	27	28	this	this	DET
taxlaw-8367	27	29	article	article	NOUN
taxlaw-8367	27	30	argues	argue	VERB
taxlaw-8367	27	31	that	that	SCONJ
taxlaw-8367	27	32	the	the	DET
taxlaw-8367	27	33	dispute	dispute	NOUN
taxlaw-8367	27	34	is	be	AUX
taxlaw-8367	27	35	in	in	ADP
taxlaw-8367	27	36	large	large	ADJ
taxlaw-8367	27	37	part	part	NOUN
taxlaw-8367	27	38	traceable	traceable	ADJ
taxlaw-8367	27	39	to	to	ADP
taxlaw-8367	27	40	an	an	DET
taxlaw-8367	27	41	inaccurate	inaccurate	ADJ
taxlaw-8367	27	42	account	account	NOUN
taxlaw-8367	27	43	of	of	ADP
taxlaw-8367	27	44	the	the	DET
taxlaw-8367	27	45	loan	loan	NOUN
taxlaw-8367	27	46	transaction	transaction	NOUN
taxlaw-8367	27	47	itself	itself	PRON
taxlaw-8367	27	48	.	.	PUNCT
taxlaw-8367	28	1	under	under	ADP
taxlaw-8367	28	2	a	a	DET
taxlaw-8367	28	3	better	well	ADJ
taxlaw-8367	28	4	account	account	NOUN
taxlaw-8367	28	5	,	,	PUNCT
taxlaw-8367	28	6	most	most	ADJ
taxlaw-8367	28	7	of	of	ADP
taxlaw-8367	28	8	the	the	DET
taxlaw-8367	28	9	existing	exist	VERB
taxlaw-8367	28	10	tax	tax	NOUN
taxlaw-8367	28	11	rules	rule	NOUN
taxlaw-8367	28	12	turn	turn	VERB
taxlaw-8367	28	13	out	out	ADP
taxlaw-8367	28	14	to	to	PART
taxlaw-8367	28	15	be	be	AUX
taxlaw-8367	28	16	correct	correct	ADJ
taxlaw-8367	28	17	.	.	PUNCT
taxlaw-8367	29	1	others	other	NOUN
taxlaw-8367	29	2	require	require	VERB
taxlaw-8367	29	3	substantial	substantial	ADJ
taxlaw-8367	29	4	revision	revision	NOUN
taxlaw-8367	29	5	.	.	PUNCT
taxlaw-8367	30	1	a	a	DET
taxlaw-8367	30	2	loan	loan	NOUN
taxlaw-8367	30	3	is	be	AUX
taxlaw-8367	30	4	commonly	commonly	ADV
taxlaw-8367	30	5	understood	understand	VERB
taxlaw-8367	30	6	as	as	ADP
taxlaw-8367	30	7	the	the	DET
taxlaw-8367	30	8	lender	lender	NOUN
taxlaw-8367	30	9	’s	’s	PART
taxlaw-8367	30	10	transfer	transfer	NOUN
taxlaw-8367	30	11	of	of	ADP
taxlaw-8367	30	12	funds	fund	NOUN
taxlaw-8367	30	13	to	to	ADP
taxlaw-8367	30	14	the	the	DET
taxlaw-8367	30	15	borrower	borrower	NOUN
taxlaw-8367	30	16	on	on	ADP
taxlaw-8367	30	17	condition	condition	NOUN
taxlaw-8367	30	18	that	that	SCONJ
taxlaw-8367	30	19	the	the	DET
taxlaw-8367	30	20	funds	fund	NOUN
taxlaw-8367	30	21	be	be	AUX
taxlaw-8367	30	22	repaid	repay	VERB
taxlaw-8367	30	23	,	,	PUNCT
taxlaw-8367	30	24	with	with	ADP
taxlaw-8367	30	25	interest	interest	NOUN
taxlaw-8367	30	26	due	due	ADJ
taxlaw-8367	30	27	in	in	ADP
taxlaw-8367	30	28	the	the	DET
taxlaw-8367	30	29	interim.2	interim.2	PROPN
taxlaw-8367	30	30	that	that	PRON
taxlaw-8367	30	31	is	be	AUX
taxlaw-8367	30	32	,	,	PUNCT
taxlaw-8367	30	33	the	the	DET
taxlaw-8367	30	34	transaction	transaction	NOUN
taxlaw-8367	30	35	is	be	AUX
taxlaw-8367	30	36	framed	frame	VERB
taxlaw-8367	30	37	as	as	ADP
taxlaw-8367	30	38	a	a	DET
taxlaw-8367	30	39	swap	swap	NOUN
taxlaw-8367	30	40	of	of	ADP
taxlaw-8367	30	41	loan	loan	NOUN
taxlaw-8367	30	42	proceeds	proceed	NOUN
taxlaw-8367	30	43	on	on	ADP
taxlaw-8367	30	44	one	one	NUM
taxlaw-8367	30	45	hand	hand	NOUN
taxlaw-8367	30	46	for	for	ADP
taxlaw-8367	30	47	promises	promise	NOUN
taxlaw-8367	30	48	to	to	PART
taxlaw-8367	30	49	pay	pay	VERB
taxlaw-8367	30	50	interest	interest	NOUN
taxlaw-8367	30	51	and	and	CCONJ
taxlaw-8367	30	52	the	the	DET
taxlaw-8367	30	53	amount	amount	NOUN
taxlaw-8367	30	54	borrowed	borrow	VERB
taxlaw-8367	30	55	back	back	ADV
taxlaw-8367	30	56	on	on	ADP
taxlaw-8367	30	57	the	the	DET
taxlaw-8367	30	58	other	other	ADJ
taxlaw-8367	30	59	.	.	PUNCT
taxlaw-8367	31	1	this	this	DET
taxlaw-8367	31	2	formulation	formulation	NOUN
taxlaw-8367	31	3	in	in	ADP
taxlaw-8367	31	4	turn	turn	NOUN
taxlaw-8367	31	5	serves	serve	VERB
taxlaw-8367	31	6	as	as	ADP
taxlaw-8367	31	7	the	the	DET
taxlaw-8367	31	8	factual	factual	ADJ
taxlaw-8367	31	9	substrate	substrate	NOUN
taxlaw-8367	31	10	to	to	PART
taxlaw-8367	31	11	which	which	PRON
taxlaw-8367	31	12	the	the	DET
taxlaw-8367	31	13	income	income	NOUN
taxlaw-8367	31	14	tax	tax	NOUN
taxlaw-8367	31	15	analysis	analysis	NOUN
taxlaw-8367	31	16	of	of	ADP
taxlaw-8367	31	17	loans	loan	NOUN
taxlaw-8367	31	18	applies	applie	NOUN
taxlaw-8367	31	19	.	.	PUNCT
taxlaw-8367	32	1	that	that	DET
taxlaw-8367	32	2	analysis	analysis	NOUN
taxlaw-8367	32	3	has	have	AUX
taxlaw-8367	32	4	resulted	result	VERB
taxlaw-8367	32	5	in	in	ADP
taxlaw-8367	32	6	the	the	DET
taxlaw-8367	32	7	following	following	NOUN
taxlaw-8367	32	8	settled	settle	VERB
taxlaw-8367	32	9	rules:3	rules:3	PRON
taxlaw-8367	32	10	the	the	DET
taxlaw-8367	32	11	transfer	transfer	NOUN
taxlaw-8367	32	12	of	of	ADP
taxlaw-8367	32	13	loan	loan	NOUN
taxlaw-8367	32	14	proceeds	proceed	NOUN
taxlaw-8367	32	15	is	be	AUX
taxlaw-8367	32	16	nontaxable	nontaxable	ADJ
taxlaw-8367	32	17	to	to	ADP
taxlaw-8367	32	18	the	the	DET
taxlaw-8367	32	19	borrower	borrower	NOUN
taxlaw-8367	32	20	and	and	CCONJ
taxlaw-8367	32	21	non	non	ADJ
taxlaw-8367	32	22	-	-	ADJ
taxlaw-8367	32	23	deductible	deductible	ADJ
taxlaw-8367	32	24	to	to	ADP
taxlaw-8367	32	25	the	the	DET
taxlaw-8367	32	26	lender;4	lender;4	PROPN
taxlaw-8367	32	27	the	the	DET
taxlaw-8367	32	28	borrower	borrower	NOUN
taxlaw-8367	32	29	has	have	VERB
taxlaw-8367	32	30	full	full	ADJ
taxlaw-8367	32	31	basis	basis	NOUN
taxlaw-8367	32	32	credit	credit	NOUN
taxlaw-8367	32	33	in	in	ADP
taxlaw-8367	32	34	the	the	DET
taxlaw-8367	32	35	loan	loan	NOUN
taxlaw-8367	32	36	proceeds,5	proceeds,5	NOUN
taxlaw-8367	32	37	meaning	mean	VERB
taxlaw-8367	32	38	that	that	SCONJ
taxlaw-8367	32	39	no	no	DET
taxlaw-8367	32	40	tax	tax	NOUN
taxlaw-8367	32	41	arises	arise	VERB
taxlaw-8367	32	42	on	on	ADP
taxlaw-8367	32	43	the	the	DET
taxlaw-8367	32	44	use	use	NOUN
taxlaw-8367	32	45	of	of	ADP
taxlaw-8367	32	46	the	the	DET
taxlaw-8367	32	47	proceeds	proceed	NOUN
taxlaw-8367	32	48	to	to	PART
taxlaw-8367	32	49	purchase	purchase	VERB
taxlaw-8367	32	50	property	property	NOUN
taxlaw-8367	32	51	and	and	CCONJ
taxlaw-8367	32	52	the	the	DET
taxlaw-8367	32	53	borrower	borrower	NOUN
taxlaw-8367	32	54	has	have	VERB
taxlaw-8367	32	55	a	a	DET
taxlaw-8367	32	56	cost	cost	NOUN
taxlaw-8367	32	57	basis	basis	NOUN
taxlaw-8367	32	58	in	in	ADP
taxlaw-8367	32	59	the	the	DET
taxlaw-8367	32	60	purchased	purchase	VERB
taxlaw-8367	32	61	property	property	NOUN
taxlaw-8367	32	62	;	;	PUNCT
taxlaw-8367	32	63	and	and	CCONJ
taxlaw-8367	32	64	there	there	PRON
taxlaw-8367	32	65	is	be	VERB
taxlaw-8367	32	66	no	no	DET
taxlaw-8367	32	67	deduction	deduction	NOUN
taxlaw-8367	32	68	to	to	ADP
taxlaw-8367	32	69	the	the	DET
taxlaw-8367	32	70	borrower	borrower	NOUN
taxlaw-8367	32	71	and	and	CCONJ
taxlaw-8367	32	72	no	no	DET
taxlaw-8367	32	73	inclusion	inclusion	NOUN
taxlaw-8367	32	74	to	to	ADP
taxlaw-8367	32	75	the	the	DET
taxlaw-8367	32	76	lender	lender	NOUN
taxlaw-8367	32	77	on	on	ADP
taxlaw-8367	32	78	repayment.6	repayment.6	PROPN
taxlaw-8367	32	79	if	if	SCONJ
taxlaw-8367	32	80	,	,	PUNCT
taxlaw-8367	32	81	however	however	ADV
taxlaw-8367	32	82	,	,	PUNCT
taxlaw-8367	32	83	the	the	DET
taxlaw-8367	32	84	debt	debt	NOUN
taxlaw-8367	32	85	is	be	AUX
taxlaw-8367	32	86	canceled	cancel	VERB
taxlaw-8367	32	87	,	,	PUNCT
taxlaw-8367	32	88	the	the	DET
taxlaw-8367	32	89	borrower	borrower	NOUN
taxlaw-8367	32	90	1	1	NUM
taxlaw-8367	32	91	many	many	ADJ
taxlaw-8367	32	92	articles	article	NOUN
taxlaw-8367	32	93	have	have	AUX
taxlaw-8367	32	94	been	be	AUX
taxlaw-8367	32	95	written	write	VERB
taxlaw-8367	32	96	about	about	ADP
taxlaw-8367	32	97	whether	whether	SCONJ
taxlaw-8367	32	98	the	the	DET
taxlaw-8367	32	99	income	income	NOUN
taxlaw-8367	32	100	tax	tax	NOUN
taxlaw-8367	32	101	rules	rule	NOUN
taxlaw-8367	32	102	for	for	ADP
taxlaw-8367	32	103	the	the	DET
taxlaw-8367	32	104	treatment	treatment	NOUN
taxlaw-8367	32	105	of	of	ADP
taxlaw-8367	32	106	the	the	DET
taxlaw-8367	32	107	extension	extension	NOUN
taxlaw-8367	32	108	of	of	ADP
taxlaw-8367	32	109	a	a	DET
taxlaw-8367	32	110	loan	loan	NOUN
taxlaw-8367	32	111	and	and	CCONJ
taxlaw-8367	32	112	of	of	ADP
taxlaw-8367	32	113	interest	interest	NOUN
taxlaw-8367	32	114	payments	payment	NOUN
taxlaw-8367	32	115	are	be	AUX
taxlaw-8367	32	116	correct	correct	ADJ
taxlaw-8367	32	117	.	.	PUNCT
taxlaw-8367	33	1	among	among	ADP
taxlaw-8367	33	2	the	the	DET
taxlaw-8367	33	3	more	more	ADV
taxlaw-8367	33	4	well	well	ADV
taxlaw-8367	33	5	-	-	PUNCT
taxlaw-8367	33	6	known	know	VERB
taxlaw-8367	33	7	are	be	AUX
taxlaw-8367	33	8	charlotte	charlotte	PROPN
taxlaw-8367	33	9	crane	crane	NOUN
taxlaw-8367	33	10	,	,	PUNCT
taxlaw-8367	33	11	liabilities	liability	NOUN
taxlaw-8367	33	12	and	and	CCONJ
taxlaw-8367	33	13	the	the	DET
taxlaw-8367	33	14	need	need	NOUN
taxlaw-8367	33	15	to	to	PART
taxlaw-8367	33	16	keep	keep	VERB
taxlaw-8367	33	17	the	the	DET
taxlaw-8367	33	18	tax	tax	NOUN
taxlaw-8367	33	19	base	base	NOUN
taxlaw-8367	33	20	closed	close	VERB
taxlaw-8367	33	21	,	,	PUNCT
taxlaw-8367	33	22	25	25	NUM
taxlaw-8367	33	23	va	va	NOUN
taxlaw-8367	33	24	.	.	PUNCT
taxlaw-8367	34	1	tax	tax	PROPN
taxlaw-8367	34	2	rev	rev	PROPN
taxlaw-8367	34	3	.	.	PROPN
taxlaw-8367	34	4	31	31	NUM
taxlaw-8367	34	5	(	(	PUNCT
taxlaw-8367	34	6	2005	2005	NUM
taxlaw-8367	34	7	)	)	PUNCT
taxlaw-8367	34	8	;	;	PUNCT
taxlaw-8367	34	9	joseph	joseph	PROPN
taxlaw-8367	34	10	m.	m.	PROPN
taxlaw-8367	34	11	dodge	dodge	PROPN
taxlaw-8367	34	12	,	,	PUNCT
taxlaw-8367	34	13	exploring	explore	VERB
taxlaw-8367	34	14	the	the	DET
taxlaw-8367	34	15	income	income	NOUN
taxlaw-8367	34	16	tax	tax	NOUN
taxlaw-8367	34	17	treatment	treatment	NOUN
taxlaw-8367	34	18	of	of	ADP
taxlaw-8367	34	19	borrowing	borrowing	NOUN
taxlaw-8367	34	20	and	and	CCONJ
taxlaw-8367	34	21	liabilities	liability	NOUN
taxlaw-8367	34	22	,	,	PUNCT
taxlaw-8367	34	23	or	or	CCONJ
taxlaw-8367	34	24	why	why	SCONJ
taxlaw-8367	34	25	the	the	DET
taxlaw-8367	34	26	accrual	accrual	ADJ
taxlaw-8367	34	27	method	method	NOUN
taxlaw-8367	34	28	should	should	AUX
taxlaw-8367	34	29	be	be	AUX
taxlaw-8367	34	30	eliminated	eliminate	VERB
taxlaw-8367	34	31	,	,	PUNCT
taxlaw-8367	34	32	26	26	NUM
taxlaw-8367	34	33	va	va	NOUN
taxlaw-8367	34	34	.	.	PUNCT
taxlaw-8367	35	1	tax	tax	PROPN
taxlaw-8367	35	2	rev	rev	PROPN
taxlaw-8367	35	3	.	.	PROPN
taxlaw-8367	35	4	245	245	NUM
taxlaw-8367	35	5	(	(	PUNCT
taxlaw-8367	35	6	2006	2006	NUM
taxlaw-8367	35	7	)	)	PUNCT
taxlaw-8367	35	8	;	;	PUNCT
taxlaw-8367	36	1	deborah	deborah	PROPN
taxlaw-8367	36	2	a.	a.	NOUN
taxlaw-8367	36	3	geier	geier	PROPN
taxlaw-8367	36	4	,	,	PUNCT
taxlaw-8367	36	5	tufts	tuft	NOUN
taxlaw-8367	36	6	and	and	CCONJ
taxlaw-8367	36	7	the	the	DET
taxlaw-8367	36	8	evolution	evolution	NOUN
taxlaw-8367	36	9	of	of	ADP
taxlaw-8367	36	10	discharge	discharge	NOUN
taxlaw-8367	36	11	theory	theory	NOUN
taxlaw-8367	36	12	,	,	PUNCT
taxlaw-8367	36	13	1	1	NUM
taxlaw-8367	36	14	fla	fla	NOUN
taxlaw-8367	36	15	.	.	PUNCT
taxlaw-8367	37	1	tax	tax	PROPN
taxlaw-8367	37	2	rev	rev	PROPN
taxlaw-8367	37	3	.	.	PROPN
taxlaw-8367	37	4	115	115	NUM
taxlaw-8367	37	5	(	(	PUNCT
taxlaw-8367	37	6	1992	1992	NUM
taxlaw-8367	37	7	)	)	PUNCT
taxlaw-8367	37	8	;	;	PUNCT
taxlaw-8367	37	9	martin	martin	PROPN
taxlaw-8367	37	10	j.	j.	PROPN
taxlaw-8367	37	11	mcmahon	mcmahon	PROPN
taxlaw-8367	37	12	,	,	PUNCT
taxlaw-8367	37	13	jr	jr	PROPN
taxlaw-8367	37	14	.	.	PROPN
taxlaw-8367	37	15	&	&	CCONJ
taxlaw-8367	37	16	daniel	daniel	PROPN
taxlaw-8367	37	17	l.	l.	PROPN
taxlaw-8367	37	18	simmons	simmons	PROPN
taxlaw-8367	37	19	,	,	PUNCT
taxlaw-8367	37	20	a	a	DET
taxlaw-8367	37	21	field	field	NOUN
taxlaw-8367	37	22	guide	guide	NOUN
taxlaw-8367	37	23	to	to	ADP
taxlaw-8367	37	24	cancellation	cancellation	NOUN
taxlaw-8367	37	25	of	of	ADP
taxlaw-8367	37	26	debt	debt	NOUN
taxlaw-8367	37	27	income	income	NOUN
taxlaw-8367	37	28	,	,	PUNCT
taxlaw-8367	37	29	63	63	NUM
taxlaw-8367	37	30	tax	tax	NOUN
taxlaw-8367	37	31	l.	l.	NOUN
taxlaw-8367	37	32	415	415	NUM
taxlaw-8367	37	33	(	(	PUNCT
taxlaw-8367	37	34	2010	2010	NUM
taxlaw-8367	37	35	)	)	PUNCT
taxlaw-8367	37	36	;	;	PUNCT
taxlaw-8367	37	37	daniel	daniel	PROPN
taxlaw-8367	37	38	n.	n.	PROPN
taxlaw-8367	37	39	shaviro	shaviro	PROPN
taxlaw-8367	37	40	,	,	PUNCT
taxlaw-8367	37	41	risk	risk	NOUN
taxlaw-8367	37	42	and	and	CCONJ
taxlaw-8367	37	43	accrual	accrual	ADJ
taxlaw-8367	37	44	;	;	PUNCT
taxlaw-8367	37	45	the	the	DET
taxlaw-8367	37	46	tax	tax	NOUN
taxlaw-8367	37	47	treatment	treatment	NOUN
taxlaw-8367	37	48	of	of	ADP
taxlaw-8367	37	49	nonrecourse	nonrecourse	NOUN
taxlaw-8367	37	50	debt	debt	NOUN
taxlaw-8367	37	51	,	,	PUNCT
taxlaw-8367	37	52	44	44	NUM
taxlaw-8367	37	53	tax	tax	NOUN
taxlaw-8367	37	54	l.	l.	PROPN
taxlaw-8367	37	55	rev	rev	PROPN
taxlaw-8367	37	56	.	.	PROPN
taxlaw-8367	37	57	401	401	NUM
taxlaw-8367	37	58	(	(	PUNCT
taxlaw-8367	37	59	1989	1989	NUM
taxlaw-8367	37	60	)	)	PUNCT
taxlaw-8367	37	61	;	;	PUNCT
taxlaw-8367	37	62	patricia	patricia	PROPN
taxlaw-8367	37	63	d.	d.	PROPN
taxlaw-8367	37	64	white	white	PROPN
taxlaw-8367	37	65	,	,	PUNCT
taxlaw-8367	37	66	realization	realization	NOUN
taxlaw-8367	37	67	,	,	PUNCT
taxlaw-8367	37	68	recognition	recognition	NOUN
taxlaw-8367	37	69	,	,	PUNCT
taxlaw-8367	37	70	reconciliation	reconciliation	NOUN
taxlaw-8367	37	71	,	,	PUNCT
taxlaw-8367	37	72	rationality	rationality	NOUN
taxlaw-8367	37	73	and	and	CCONJ
taxlaw-8367	37	74	the	the	DET
taxlaw-8367	37	75	structure	structure	NOUN
taxlaw-8367	37	76	of	of	ADP
taxlaw-8367	37	77	the	the	DET
taxlaw-8367	37	78	federal	federal	ADJ
taxlaw-8367	37	79	income	income	NOUN
taxlaw-8367	37	80	tax	tax	NOUN
taxlaw-8367	37	81	system	system	NOUN
taxlaw-8367	37	82	,	,	PUNCT
taxlaw-8367	37	83	88	88	NUM
taxlaw-8367	37	84	mich	mich	NOUN
taxlaw-8367	37	85	.	.	PUNCT
taxlaw-8367	38	1	l.	l.	PROPN
taxlaw-8367	38	2	rev	rev	PROPN
taxlaw-8367	38	3	.	.	PROPN
taxlaw-8367	38	4	2034	2034	NUM
taxlaw-8367	38	5	(	(	PUNCT
taxlaw-8367	38	6	1990	1990	NUM
taxlaw-8367	38	7	)	)	PUNCT
taxlaw-8367	38	8	.	.	PUNCT
taxlaw-8367	39	1	as	as	SCONJ
taxlaw-8367	39	2	will	will	AUX
taxlaw-8367	39	3	become	become	VERB
taxlaw-8367	39	4	clear	clear	ADJ
taxlaw-8367	39	5	from	from	ADP
taxlaw-8367	39	6	the	the	DET
taxlaw-8367	39	7	discussion	discussion	NOUN
taxlaw-8367	39	8	,	,	PUNCT
taxlaw-8367	39	9	most	most	ADJ
taxlaw-8367	39	10	of	of	ADP
taxlaw-8367	39	11	the	the	DET
taxlaw-8367	39	12	controversy	controversy	NOUN
taxlaw-8367	39	13	is	be	AUX
taxlaw-8367	39	14	resolved	resolve	VERB
taxlaw-8367	39	15	under	under	ADP
taxlaw-8367	39	16	the	the	DET
taxlaw-8367	39	17	proposal	proposal	NOUN
taxlaw-8367	39	18	developed	develop	VERB
taxlaw-8367	39	19	here	here	ADV
taxlaw-8367	39	20	,	,	PUNCT
taxlaw-8367	39	21	which	which	PRON
taxlaw-8367	39	22	focuses	focus	VERB
taxlaw-8367	39	23	less	less	ADJ
taxlaw-8367	39	24	on	on	ADP
taxlaw-8367	39	25	the	the	DET
taxlaw-8367	39	26	tax	tax	NOUN
taxlaw-8367	39	27	rules	rule	NOUN
taxlaw-8367	39	28	than	than	ADP
taxlaw-8367	39	29	on	on	ADP
taxlaw-8367	39	30	the	the	DET
taxlaw-8367	39	31	economics	economic	NOUN
taxlaw-8367	39	32	of	of	ADP
taxlaw-8367	39	33	the	the	DET
taxlaw-8367	39	34	basic	basic	ADJ
taxlaw-8367	39	35	borrowing	borrowing	NOUN
taxlaw-8367	39	36	transaction	transaction	NOUN
taxlaw-8367	39	37	.	.	PUNCT
taxlaw-8367	40	1	2	2	NUM
taxlaw-8367	40	2	one	one	NUM
taxlaw-8367	40	3	well	well	ADV
taxlaw-8367	40	4	-	-	PUNCT
taxlaw-8367	40	5	known	know	VERB
taxlaw-8367	40	6	casebook	casebook	NOUN
taxlaw-8367	40	7	describes	describe	VERB
taxlaw-8367	40	8	the	the	DET
taxlaw-8367	40	9	basic	basic	ADJ
taxlaw-8367	40	10	loan	loan	NOUN
taxlaw-8367	40	11	transaction	transaction	NOUN
taxlaw-8367	40	12	as	as	SCONJ
taxlaw-8367	40	13	follows	follow	VERB
taxlaw-8367	40	14	:	:	PUNCT
taxlaw-8367	40	15	“	"	PUNCT
taxlaw-8367	40	16	[	[	X
taxlaw-8367	40	17	i]n	i]n	VERB
taxlaw-8367	40	18	a	a	DET
taxlaw-8367	40	19	classic	classic	ADJ
taxlaw-8367	40	20	debt	debt	NOUN
taxlaw-8367	40	21	instrument	instrument	NOUN
taxlaw-8367	40	22	,	,	PUNCT
taxlaw-8367	40	23	the	the	DET
taxlaw-8367	40	24	lender	lender	NOUN
taxlaw-8367	40	25	transfers	transfer	VERB
taxlaw-8367	40	26	money	money	NOUN
taxlaw-8367	40	27	to	to	ADP
taxlaw-8367	40	28	(	(	PUNCT
taxlaw-8367	40	29	or	or	CCONJ
taxlaw-8367	40	30	on	on	ADP
taxlaw-8367	40	31	behalf	behalf	NOUN
taxlaw-8367	40	32	of	of	ADP
taxlaw-8367	40	33	)	)	PUNCT
taxlaw-8367	40	34	the	the	DET
taxlaw-8367	40	35	borrower	borrower	NOUN
taxlaw-8367	40	36	at	at	ADP
taxlaw-8367	40	37	the	the	DET
taxlaw-8367	40	38	start	start	NOUN
taxlaw-8367	40	39	of	of	ADP
taxlaw-8367	40	40	the	the	DET
taxlaw-8367	40	41	associated	associated	ADJ
taxlaw-8367	40	42	loan	loan	NOUN
taxlaw-8367	40	43	transaction	transaction	NOUN
taxlaw-8367	40	44	.	.	PUNCT
taxlaw-8367	41	1	the	the	DET
taxlaw-8367	41	2	borrower	borrower	NOUN
taxlaw-8367	41	3	is	be	AUX
taxlaw-8367	41	4	expected	expect	VERB
taxlaw-8367	41	5	to	to	PART
taxlaw-8367	41	6	repay	repay	VERB
taxlaw-8367	41	7	the	the	DET
taxlaw-8367	41	8	amount	amount	NOUN
taxlaw-8367	41	9	borrowed	borrow	VERB
taxlaw-8367	41	10	(	(	PUNCT
taxlaw-8367	41	11	i.e.	i.e.	X
taxlaw-8367	41	12	,	,	PUNCT
taxlaw-8367	41	13	the	the	DET
taxlaw-8367	41	14	loan	loan	NOUN
taxlaw-8367	41	15	principal	principal	NOUN
taxlaw-8367	41	16	)	)	PUNCT
taxlaw-8367	41	17	at	at	ADP
taxlaw-8367	41	18	the	the	DET
taxlaw-8367	41	19	end	end	NOUN
taxlaw-8367	41	20	of	of	ADP
taxlaw-8367	41	21	the	the	DET
taxlaw-8367	41	22	transaction	transaction	NOUN
taxlaw-8367	41	23	.	.	PUNCT
taxlaw-8367	41	24	”	"	PUNCT
taxlaw-8367	42	1	joseph	joseph	PROPN
taxlaw-8367	42	2	bankman	bankman	PROPN
taxlaw-8367	42	3	et	et	PROPN
taxlaw-8367	42	4	al	al	PROPN
taxlaw-8367	42	5	.	.	PROPN
taxlaw-8367	42	6	,	,	PUNCT
taxlaw-8367	42	7	federal	federal	ADJ
taxlaw-8367	42	8	income	income	NOUN
taxlaw-8367	42	9	taxation	taxation	NOUN
taxlaw-8367	42	10	317	317	NUM
taxlaw-8367	42	11	(	(	PUNCT
taxlaw-8367	42	12	18th	18th	ADJ
taxlaw-8367	42	13	ed	ed	NOUN
taxlaw-8367	42	14	.	.	PROPN
taxlaw-8367	42	15	2019	2019	NUM
taxlaw-8367	42	16	)	)	PUNCT
taxlaw-8367	42	17	.	.	PUNCT
taxlaw-8367	43	1	3	3	NUM
taxlaw-8367	43	2	for	for	ADP
taxlaw-8367	43	3	a	a	DET
taxlaw-8367	43	4	general	general	ADJ
taxlaw-8367	43	5	discussion	discussion	NOUN
taxlaw-8367	43	6	of	of	ADP
taxlaw-8367	43	7	the	the	DET
taxlaw-8367	43	8	income	income	NOUN
taxlaw-8367	43	9	tax	tax	NOUN
taxlaw-8367	43	10	treatment	treatment	NOUN
taxlaw-8367	43	11	of	of	ADP
taxlaw-8367	43	12	borrowing	borrowing	NOUN
taxlaw-8367	43	13	,	,	PUNCT
taxlaw-8367	43	14	see	see	VERB
taxlaw-8367	43	15	,	,	PUNCT
taxlaw-8367	43	16	e.g.	e.g.	ADV
taxlaw-8367	43	17	,	,	PUNCT
taxlaw-8367	43	18	boris	boris	PROPN
taxlaw-8367	43	19	i.	i.	PROPN
taxlaw-8367	43	20	bittker	bittker	PROPN
taxlaw-8367	43	21	&	&	CCONJ
taxlaw-8367	43	22	lawrence	lawrence	PROPN
taxlaw-8367	43	23	lokken	lokken	PROPN
taxlaw-8367	43	24	,	,	PUNCT
taxlaw-8367	43	25	federal	federal	ADJ
taxlaw-8367	43	26	taxation	taxation	NOUN
taxlaw-8367	43	27	of	of	ADP
taxlaw-8367	43	28	income	income	NOUN
taxlaw-8367	43	29	,	,	PUNCT
taxlaw-8367	43	30	estates	estate	NOUN
taxlaw-8367	43	31	,	,	PUNCT
taxlaw-8367	43	32	and	and	CCONJ
taxlaw-8367	43	33	gifts	gift	NOUN
taxlaw-8367	43	34	,	,	PUNCT
taxlaw-8367	43	35	¶	¶	NOUN
taxlaw-8367	43	36	7.1	7.1	NUM
taxlaw-8367	43	37	.	.	PUNCT
taxlaw-8367	44	1	4	4	NUM
taxlaw-8367	44	2	non	non	NOUN
taxlaw-8367	44	3	-	-	NOUN
taxlaw-8367	44	4	inclusion	inclusion	NOUN
taxlaw-8367	44	5	of	of	ADP
taxlaw-8367	44	6	loan	loan	NOUN
taxlaw-8367	44	7	proceeds	proceed	NOUN
taxlaw-8367	44	8	in	in	ADP
taxlaw-8367	44	9	gross	gross	ADJ
taxlaw-8367	44	10	income	income	NOUN
taxlaw-8367	44	11	is	be	AUX
taxlaw-8367	44	12	not	not	PART
taxlaw-8367	44	13	specifically	specifically	ADV
taxlaw-8367	44	14	provided	provide	VERB
taxlaw-8367	44	15	for	for	ADP
taxlaw-8367	44	16	in	in	ADP
taxlaw-8367	44	17	the	the	DET
taxlaw-8367	44	18	internal	internal	ADJ
taxlaw-8367	44	19	revenue	revenue	NOUN
taxlaw-8367	44	20	code	code	NOUN
taxlaw-8367	44	21	,	,	PUNCT
taxlaw-8367	44	22	but	but	CCONJ
taxlaw-8367	44	23	loans	loan	NOUN
taxlaw-8367	44	24	have	have	AUX
taxlaw-8367	44	25	always	always	ADV
taxlaw-8367	44	26	been	be	AUX
taxlaw-8367	44	27	so	so	ADV
taxlaw-8367	44	28	treated	treat	VERB
taxlaw-8367	44	29	.	.	PUNCT
taxlaw-8367	45	1	see	see	VERB
taxlaw-8367	45	2	,	,	PUNCT
taxlaw-8367	45	3	e.g.	e.g.	ADV
taxlaw-8367	45	4	,	,	PUNCT
taxlaw-8367	45	5	mcmahon	mcmahon	PROPN
taxlaw-8367	45	6	&	&	CCONJ
taxlaw-8367	45	7	simmons	simmons	PROPN
taxlaw-8367	45	8	,	,	PUNCT
taxlaw-8367	45	9	supra	supra	PROPN
taxlaw-8367	45	10	note	note	NOUN
taxlaw-8367	45	11	1	1	NUM
taxlaw-8367	45	12	,	,	PUNCT
taxlaw-8367	45	13	at	at	ADP
taxlaw-8367	45	14	417	417	NUM
taxlaw-8367	45	15	(	(	PUNCT
taxlaw-8367	45	16	“	"	PUNCT
taxlaw-8367	45	17	as	as	ADP
taxlaw-8367	45	18	a	a	DET
taxlaw-8367	45	19	fundamental	fundamental	ADJ
taxlaw-8367	45	20	principle	principle	NOUN
taxlaw-8367	45	21	of	of	ADP
taxlaw-8367	45	22	tax	tax	NOUN
taxlaw-8367	45	23	,	,	PUNCT
taxlaw-8367	45	24	borrowed	borrow	VERB
taxlaw-8367	45	25	funds	fund	NOUN
taxlaw-8367	45	26	are	be	AUX
taxlaw-8367	45	27	excluded	exclude	VERB
taxlaw-8367	45	28	from	from	ADP
taxlaw-8367	45	29	gross	gross	ADJ
taxlaw-8367	45	30	income	income	NOUN
taxlaw-8367	45	31	because	because	SCONJ
taxlaw-8367	45	32	the	the	DET
taxlaw-8367	45	33	obligation	obligation	NOUN
taxlaw-8367	45	34	to	to	PART
taxlaw-8367	45	35	repay	repay	VERB
taxlaw-8367	45	36	borrowed	borrow	VERB
taxlaw-8367	45	37	funds	fund	NOUN
taxlaw-8367	45	38	offsets	offset	VERB
taxlaw-8367	45	39	the	the	DET
taxlaw-8367	45	40	economic	economic	ADJ
taxlaw-8367	45	41	increment	increment	NOUN
taxlaw-8367	45	42	even	even	ADV
taxlaw-8367	45	43	though	though	SCONJ
taxlaw-8367	45	44	borrowed	borrow	VERB
taxlaw-8367	45	45	funds	fund	NOUN
taxlaw-8367	45	46	increase	increase	VERB
taxlaw-8367	45	47	a	a	DET
taxlaw-8367	45	48	taxpayer	taxpayer	NOUN
taxlaw-8367	45	49	's	's	PART
taxlaw-8367	45	50	assets	asset	NOUN
taxlaw-8367	45	51	and	and	CCONJ
taxlaw-8367	45	52	can	can	AUX
taxlaw-8367	45	53	be	be	AUX
taxlaw-8367	45	54	used	use	VERB
taxlaw-8367	45	55	as	as	SCONJ
taxlaw-8367	45	56	the	the	DET
taxlaw-8367	45	57	taxpayer	taxpayer	NOUN
taxlaw-8367	45	58	sees	see	VERB
taxlaw-8367	45	59	fit	fit	ADJ
taxlaw-8367	45	60	.	.	PUNCT
taxlaw-8367	45	61	”	"	PUNCT
taxlaw-8367	45	62	)	)	PUNCT
taxlaw-8367	45	63	.	.	PUNCT
taxlaw-8367	46	1	5	5	NUM
taxlaw-8367	46	2	see	see	VERB
taxlaw-8367	46	3	,	,	PUNCT
taxlaw-8367	46	4	e.g.	e.g.	ADV
taxlaw-8367	46	5	,	,	PUNCT
taxlaw-8367	46	6	comm’r	comm’r	NOUN
taxlaw-8367	46	7	v.	v.	ADP
taxlaw-8367	46	8	tufts	tuft	NOUN
taxlaw-8367	46	9	,	,	PUNCT
taxlaw-8367	46	10	461	461	NUM
taxlaw-8367	46	11	u.s	u.s	PROPN
taxlaw-8367	46	12	.	.	PROPN
taxlaw-8367	46	13	300	300	NUM
taxlaw-8367	46	14	(	(	PUNCT
taxlaw-8367	46	15	1983	1983	NUM
taxlaw-8367	46	16	)	)	PUNCT
taxlaw-8367	46	17	,	,	PUNCT
taxlaw-8367	46	18	for	for	ADP
taxlaw-8367	46	19	a	a	DET
taxlaw-8367	46	20	statement	statement	NOUN
taxlaw-8367	46	21	of	of	ADP
taxlaw-8367	46	22	the	the	DET
taxlaw-8367	46	23	rule	rule	NOUN
taxlaw-8367	46	24	.	.	PUNCT
taxlaw-8367	47	1	6	6	NUM
taxlaw-8367	47	2	i	i	PRON
taxlaw-8367	47	3	d.	d.	PROPN
taxlaw-8367	47	4	at	at	ADP
taxlaw-8367	47	5	307	307	NUM
taxlaw-8367	47	6	.	.	PUNCT
taxlaw-8367	47	7	2021	2021	NUM
taxlaw-8367	47	8	]	]	PUNCT
taxlaw-8367	47	9	debt	debt	NOUN
taxlaw-8367	47	10	and	and	CCONJ
taxlaw-8367	47	11	taxes	taxis	NOUN
taxlaw-8367	47	12	91	91	NUM
taxlaw-8367	47	13	has	have	VERB
taxlaw-8367	47	14	income	income	NOUN
taxlaw-8367	47	15	from	from	ADP
taxlaw-8367	47	16	the	the	DET
taxlaw-8367	47	17	discharge	discharge	NOUN
taxlaw-8367	47	18	of	of	ADP
taxlaw-8367	47	19	indebtedness,7	indebtedness,7	NOUN
taxlaw-8367	47	20	or	or	CCONJ
taxlaw-8367	47	21	in	in	ADP
taxlaw-8367	47	22	some	some	DET
taxlaw-8367	47	23	instances	instance	NOUN
taxlaw-8367	47	24	,	,	PUNCT
taxlaw-8367	47	25	gain	gain	NOUN
taxlaw-8367	47	26	or	or	CCONJ
taxlaw-8367	47	27	loss	loss	NOUN
taxlaw-8367	47	28	from	from	ADP
taxlaw-8367	47	29	the	the	DET
taxlaw-8367	47	30	sale	sale	NOUN
taxlaw-8367	47	31	or	or	CCONJ
taxlaw-8367	47	32	exchange	exchange	NOUN
taxlaw-8367	47	33	of	of	ADP
taxlaw-8367	47	34	property,8	property,8	NOUN
taxlaw-8367	47	35	while	while	SCONJ
taxlaw-8367	47	36	the	the	DET
taxlaw-8367	47	37	lender	lender	NOUN
taxlaw-8367	47	38	has	have	VERB
taxlaw-8367	47	39	either	either	CCONJ
taxlaw-8367	47	40	a	a	DET
taxlaw-8367	47	41	worthless	worthless	ADJ
taxlaw-8367	47	42	security	security	NOUN
taxlaw-8367	47	43	deduction	deduction	NOUN
taxlaw-8367	47	44	or	or	CCONJ
taxlaw-8367	47	45	a	a	DET
taxlaw-8367	47	46	bad	bad	ADJ
taxlaw-8367	47	47	debt	debt	NOUN
taxlaw-8367	47	48	deduction.9	deduction.9	PROPN
taxlaw-8367	47	49	although	although	SCONJ
taxlaw-8367	47	50	these	these	DET
taxlaw-8367	47	51	rules	rule	NOUN
taxlaw-8367	47	52	are	be	AUX
taxlaw-8367	47	53	settled	settle	VERB
taxlaw-8367	47	54	,	,	PUNCT
taxlaw-8367	47	55	they	they	PRON
taxlaw-8367	47	56	are	be	AUX
taxlaw-8367	47	57	controversial	controversial	ADJ
taxlaw-8367	47	58	.	.	PUNCT
taxlaw-8367	48	1	the	the	DET
taxlaw-8367	48	2	common	common	ADJ
taxlaw-8367	48	3	justification	justification	NOUN
taxlaw-8367	48	4	for	for	ADP
taxlaw-8367	48	5	the	the	DET
taxlaw-8367	48	6	treatment	treatment	NOUN
taxlaw-8367	48	7	of	of	ADP
taxlaw-8367	48	8	the	the	DET
taxlaw-8367	48	9	borrower	borrower	NOUN
taxlaw-8367	48	10	is	be	AUX
taxlaw-8367	48	11	that	that	SCONJ
taxlaw-8367	48	12	the	the	DET
taxlaw-8367	48	13	repayment	repayment	NOUN
taxlaw-8367	48	14	obligation	obligation	NOUN
taxlaw-8367	48	15	precisely	precisely	ADV
taxlaw-8367	48	16	offsets	offset	VERB
taxlaw-8367	48	17	the	the	DET
taxlaw-8367	48	18	value	value	NOUN
taxlaw-8367	48	19	of	of	ADP
taxlaw-8367	48	20	the	the	DET
taxlaw-8367	48	21	funds	fund	NOUN
taxlaw-8367	48	22	received.10	received.10	VERB
taxlaw-8367	48	23	the	the	DET
taxlaw-8367	48	24	return	return	NOUN
taxlaw-8367	48	25	obligation	obligation	NOUN
taxlaw-8367	48	26	in	in	ADP
taxlaw-8367	48	27	turn	turn	NOUN
taxlaw-8367	48	28	is	be	AUX
taxlaw-8367	48	29	said	say	VERB
taxlaw-8367	48	30	to	to	PART
taxlaw-8367	48	31	imply	imply	VERB
taxlaw-8367	48	32	that	that	SCONJ
taxlaw-8367	48	33	the	the	DET
taxlaw-8367	48	34	arrangement	arrangement	NOUN
taxlaw-8367	48	35	has	have	VERB
taxlaw-8367	48	36	a	a	DET
taxlaw-8367	48	37	net	net	ADJ
taxlaw-8367	48	38	zero	zero	NUM
taxlaw-8367	48	39	value	value	NOUN
taxlaw-8367	48	40	,	,	PUNCT
taxlaw-8367	48	41	so	so	SCONJ
taxlaw-8367	48	42	that	that	SCONJ
taxlaw-8367	48	43	the	the	DET
taxlaw-8367	48	44	extension	extension	NOUN
taxlaw-8367	48	45	of	of	ADP
taxlaw-8367	48	46	the	the	DET
taxlaw-8367	48	47	loan	loan	NOUN
taxlaw-8367	48	48	does	do	AUX
taxlaw-8367	48	49	not	not	PART
taxlaw-8367	48	50	enrich	enrich	VERB
taxlaw-8367	48	51	the	the	DET
taxlaw-8367	48	52	borrower	borrower	NOUN
taxlaw-8367	48	53	.	.	PUNCT
taxlaw-8367	49	1	in	in	ADP
taxlaw-8367	49	2	the	the	DET
taxlaw-8367	49	3	language	language	NOUN
taxlaw-8367	49	4	of	of	ADP
taxlaw-8367	49	5	income	income	NOUN
taxlaw-8367	49	6	tax	tax	NOUN
taxlaw-8367	49	7	policy	policy	NOUN
taxlaw-8367	49	8	,	,	PUNCT
taxlaw-8367	49	9	the	the	DET
taxlaw-8367	49	10	borrower	borrower	NOUN
taxlaw-8367	49	11	is	be	AUX
taxlaw-8367	49	12	not	not	PART
taxlaw-8367	49	13	taxed	tax	VERB
taxlaw-8367	49	14	because	because	SCONJ
taxlaw-8367	49	15	there	there	PRON
taxlaw-8367	49	16	has	have	AUX
taxlaw-8367	49	17	been	be	AUX
taxlaw-8367	49	18	no	no	DET
taxlaw-8367	49	19	“	"	PUNCT
taxlaw-8367	49	20	accession	accession	NOUN
taxlaw-8367	49	21	to	to	ADP
taxlaw-8367	49	22	wealth	wealth	NOUN
taxlaw-8367	49	23	.	.	PUNCT
taxlaw-8367	50	1	”11	”11	PROPN
taxlaw-8367	50	2	in	in	ADP
taxlaw-8367	50	3	corresponding	correspond	VERB
taxlaw-8367	50	4	fashion	fashion	NOUN
taxlaw-8367	50	5	,	,	PUNCT
taxlaw-8367	50	6	the	the	DET
taxlaw-8367	50	7	repayment	repayment	NOUN
taxlaw-8367	50	8	of	of	ADP
taxlaw-8367	50	9	the	the	DET
taxlaw-8367	50	10	loan	loan	NOUN
taxlaw-8367	50	11	reduces	reduce	VERB
taxlaw-8367	50	12	the	the	DET
taxlaw-8367	50	13	obligation	obligation	NOUN
taxlaw-8367	50	14	dollar	dollar	NOUN
taxlaw-8367	50	15	for	for	ADP
taxlaw-8367	50	16	dollar	dollar	NOUN
taxlaw-8367	50	17	so	so	SCONJ
taxlaw-8367	50	18	that	that	SCONJ
taxlaw-8367	50	19	no	no	DET
taxlaw-8367	50	20	deduction	deduction	NOUN
taxlaw-8367	50	21	is	be	AUX
taxlaw-8367	50	22	appropriate	appropriate	ADJ
taxlaw-8367	50	23	when	when	SCONJ
taxlaw-8367	50	24	the	the	DET
taxlaw-8367	50	25	loan	loan	NOUN
taxlaw-8367	50	26	is	be	AUX
taxlaw-8367	50	27	repaid.12	repaid.12	NOUN
taxlaw-8367	50	28	on	on	ADP
taxlaw-8367	50	29	the	the	DET
taxlaw-8367	50	30	lender	lender	NOUN
taxlaw-8367	50	31	side	side	NOUN
taxlaw-8367	50	32	,	,	PUNCT
taxlaw-8367	50	33	the	the	DET
taxlaw-8367	50	34	receipt	receipt	NOUN
taxlaw-8367	50	35	of	of	ADP
taxlaw-8367	50	36	the	the	DET
taxlaw-8367	50	37	borrower	borrower	NOUN
taxlaw-8367	50	38	’s	’s	PART
taxlaw-8367	50	39	note	note	NOUN
taxlaw-8367	50	40	in	in	ADP
taxlaw-8367	50	41	exchange	exchange	NOUN
taxlaw-8367	50	42	for	for	ADP
taxlaw-8367	50	43	the	the	DET
taxlaw-8367	50	44	proceeds	proceed	NOUN
taxlaw-8367	50	45	is	be	AUX
taxlaw-8367	50	46	a	a	DET
taxlaw-8367	50	47	simple	simple	ADJ
taxlaw-8367	50	48	cash	cash	NOUN
taxlaw-8367	50	49	purchase	purchase	NOUN
taxlaw-8367	50	50	so	so	SCONJ
taxlaw-8367	50	51	that	that	SCONJ
taxlaw-8367	50	52	the	the	DET
taxlaw-8367	50	53	lender	lender	NOUN
taxlaw-8367	50	54	likewise	likewise	ADV
taxlaw-8367	50	55	realizes	realize	VERB
taxlaw-8367	50	56	no	no	DET
taxlaw-8367	50	57	gain	gain	NOUN
taxlaw-8367	50	58	or	or	CCONJ
taxlaw-8367	50	59	loss	loss	NOUN
taxlaw-8367	50	60	.	.	PUNCT
taxlaw-8367	51	1	13	13	NUM
taxlaw-8367	51	2	and	and	CCONJ
taxlaw-8367	51	3	,	,	PUNCT
taxlaw-8367	51	4	analogously	analogously	ADV
taxlaw-8367	51	5	to	to	ADP
taxlaw-8367	51	6	the	the	DET
taxlaw-8367	51	7	borrower	borrower	NOUN
taxlaw-8367	51	8	,	,	PUNCT
taxlaw-8367	51	9	amounts	amount	VERB
taxlaw-8367	51	10	that	that	SCONJ
taxlaw-8367	51	11	the	the	DET
taxlaw-8367	51	12	lender	lender	NOUN
taxlaw-8367	51	13	receives	receive	VERB
taxlaw-8367	51	14	as	as	SCONJ
taxlaw-8367	51	15	principal	principal	ADJ
taxlaw-8367	51	16	repayments	repayment	NOUN
taxlaw-8367	51	17	reduce	reduce	VERB
taxlaw-8367	51	18	the	the	DET
taxlaw-8367	51	19	lender	lender	NOUN
taxlaw-8367	51	20	’s	’s	PART
taxlaw-8367	51	21	right	right	NOUN
taxlaw-8367	51	22	to	to	ADP
taxlaw-8367	51	23	further	further	ADJ
taxlaw-8367	51	24	payments	payment	NOUN
taxlaw-8367	51	25	dollar	dollar	NOUN
taxlaw-8367	51	26	for	for	ADP
taxlaw-8367	51	27	dollar	dollar	NOUN
taxlaw-8367	51	28	so	so	SCONJ
taxlaw-8367	51	29	that	that	SCONJ
taxlaw-8367	51	30	no	no	DET
taxlaw-8367	51	31	income	income	NOUN
taxlaw-8367	51	32	arises	arise	VERB
taxlaw-8367	51	33	on	on	ADP
taxlaw-8367	51	34	repayment	repayment	NOUN
taxlaw-8367	51	35	either	either	ADV
taxlaw-8367	51	36	.	.	PUNCT
taxlaw-8367	52	1	in	in	ADP
taxlaw-8367	52	2	response	response	NOUN
taxlaw-8367	52	3	,	,	PUNCT
taxlaw-8367	52	4	critics	critic	NOUN
taxlaw-8367	52	5	have	have	AUX
taxlaw-8367	52	6	noted	note	VERB
taxlaw-8367	52	7	that	that	SCONJ
taxlaw-8367	52	8	the	the	DET
taxlaw-8367	52	9	income	income	NOUN
taxlaw-8367	52	10	tax	tax	NOUN
taxlaw-8367	52	11	is	be	AUX
taxlaw-8367	52	12	normally	normally	ADV
taxlaw-8367	52	13	triggered	trigger	VERB
taxlaw-8367	52	14	without	without	ADP
taxlaw-8367	52	15	a	a	DET
taxlaw-8367	52	16	requirement	requirement	NOUN
taxlaw-8367	52	17	of	of	ADP
taxlaw-8367	52	18	receipt	receipt	NOUN
taxlaw-8367	52	19	of	of	ADP
taxlaw-8367	52	20	value	value	NOUN
taxlaw-8367	52	21	;	;	PUNCT
taxlaw-8367	52	22	rather	rather	ADV
taxlaw-8367	52	23	,	,	PUNCT
taxlaw-8367	52	24	tax	tax	NOUN
taxlaw-8367	52	25	is	be	AUX
taxlaw-8367	52	26	due	due	ADJ
taxlaw-8367	52	27	when	when	SCONJ
taxlaw-8367	52	28	untaxed	untaxed	ADJ
taxlaw-8367	52	29	value	value	NOUN
taxlaw-8367	52	30	is	be	AUX
taxlaw-8367	52	31	exchanged	exchange	VERB
taxlaw-8367	52	32	for	for	ADP
taxlaw-8367	52	33	property,14	property,14	NOUN
taxlaw-8367	52	34	and	and	CCONJ
taxlaw-8367	52	35	sometimes	sometimes	ADV
taxlaw-8367	52	36	even	even	ADV
taxlaw-8367	52	37	before	before	SCONJ
taxlaw-8367	52	38	the	the	DET
taxlaw-8367	52	39	exchange	exchange	NOUN
taxlaw-8367	52	40	takes	take	VERB
taxlaw-8367	52	41	place.15	place.15	NOUN
taxlaw-8367	52	42	moreover	moreover	ADV
taxlaw-8367	52	43	,	,	PUNCT
taxlaw-8367	52	44	when	when	SCONJ
taxlaw-8367	52	45	exchanges	exchange	NOUN
taxlaw-8367	52	46	are	be	AUX
taxlaw-8367	52	47	not	not	PART
taxlaw-8367	52	48	taxed	tax	VERB
taxlaw-8367	52	49	,	,	PUNCT
taxlaw-8367	52	50	a	a	DET
taxlaw-8367	52	51	special	special	ADJ
taxlaw-8367	52	52	basis	basis	NOUN
taxlaw-8367	52	53	regime	regime	NOUN
taxlaw-8367	52	54	normally	normally	ADV
taxlaw-8367	52	55	applies	apply	VERB
taxlaw-8367	52	56	to	to	PART
taxlaw-8367	52	57	ensure	ensure	VERB
taxlaw-8367	52	58	that	that	SCONJ
taxlaw-8367	52	59	tax	tax	NOUN
taxlaw-8367	52	60	is	be	AUX
taxlaw-8367	52	61	merely	merely	ADV
taxlaw-8367	52	62	deferred	defer	VERB
taxlaw-8367	52	63	rather	rather	ADV
taxlaw-8367	52	64	than	than	ADP
taxlaw-8367	52	65	eliminated.16	eliminated.16	PROPN
taxlaw-8367	52	66	no	no	DET
taxlaw-8367	52	67	such	such	ADJ
taxlaw-8367	52	68	basis	basis	NOUN
taxlaw-8367	52	69	regime	regime	NOUN
taxlaw-8367	52	70	exists	exist	VERB
taxlaw-8367	52	71	for	for	ADP
taxlaw-8367	52	72	loans	loan	NOUN
taxlaw-8367	52	73	.	.	PUNCT
taxlaw-8367	53	1	similarly	similarly	ADV
taxlaw-8367	53	2	,	,	PUNCT
taxlaw-8367	53	3	it	it	PRON
taxlaw-8367	53	4	is	be	AUX
taxlaw-8367	53	5	not	not	PART
taxlaw-8367	53	6	obvious	obvious	ADJ
taxlaw-8367	53	7	that	that	SCONJ
taxlaw-8367	53	8	the	the	DET
taxlaw-8367	53	9	lender	lender	NOUN
taxlaw-8367	53	10	suffers	suffer	VERB
taxlaw-8367	53	11	no	no	DET
taxlaw-8367	53	12	loss	loss	NOUN
taxlaw-8367	53	13	on	on	ADP
taxlaw-8367	53	14	transfer	transfer	NOUN
taxlaw-8367	53	15	of	of	ADP
taxlaw-8367	53	16	the	the	DET
taxlaw-8367	53	17	loan	loan	NOUN
taxlaw-8367	53	18	proceeds	proceed	NOUN
taxlaw-8367	53	19	since	since	SCONJ
taxlaw-8367	53	20	the	the	DET
taxlaw-8367	53	21	lender	lender	NOUN
taxlaw-8367	53	22	has	have	AUX
taxlaw-8367	53	23	lost	lose	VERB
taxlaw-8367	53	24	use	use	NOUN
taxlaw-8367	53	25	of	of	ADP
taxlaw-8367	53	26	the	the	DET
taxlaw-8367	53	27	funds	fund	NOUN
taxlaw-8367	53	28	during	during	ADP
taxlaw-8367	53	29	the	the	DET
taxlaw-8367	53	30	loan	loan	NOUN
taxlaw-8367	53	31	term	term	NOUN
taxlaw-8367	53	32	and	and	CCONJ
taxlaw-8367	53	33	has	have	AUX
taxlaw-8367	53	34	placed	place	VERB
taxlaw-8367	53	35	the	the	DET
taxlaw-8367	53	36	funds	fund	NOUN
taxlaw-8367	53	37	at	at	ADP
taxlaw-8367	53	38	risk	risk	NOUN
taxlaw-8367	53	39	.	.	PUNCT
taxlaw-8367	54	1	this	this	DET
taxlaw-8367	54	2	article	article	NOUN
taxlaw-8367	54	3	argues	argue	VERB
taxlaw-8367	54	4	that	that	SCONJ
taxlaw-8367	54	5	the	the	DET
taxlaw-8367	54	6	tax	tax	NOUN
taxlaw-8367	54	7	rules	rule	NOUN
taxlaw-8367	54	8	described	describe	VERB
taxlaw-8367	54	9	above	above	ADV
taxlaw-8367	54	10	are	be	AUX
taxlaw-8367	54	11	nearly	nearly	ADV
taxlaw-8367	54	12	correct	correct	ADJ
taxlaw-8367	54	13	but	but	CCONJ
taxlaw-8367	54	14	the	the	DET
taxlaw-8367	54	15	justifications	justification	NOUN
taxlaw-8367	54	16	for	for	ADP
taxlaw-8367	54	17	them	they	PRON
taxlaw-8367	54	18	are	be	AUX
taxlaw-8367	54	19	not	not	PART
taxlaw-8367	54	20	because	because	SCONJ
taxlaw-8367	54	21	they	they	PRON
taxlaw-8367	54	22	rest	rest	VERB
taxlaw-8367	54	23	on	on	ADP
taxlaw-8367	54	24	a	a	DET
taxlaw-8367	54	25	faulty	faulty	ADJ
taxlaw-8367	54	26	understanding	understanding	NOUN
taxlaw-8367	54	27	of	of	ADP
taxlaw-8367	54	28	the	the	DET
taxlaw-8367	54	29	economic	economic	ADJ
taxlaw-8367	54	30	substance	substance	NOUN
taxlaw-8367	54	31	of	of	ADP
taxlaw-8367	54	32	the	the	DET
taxlaw-8367	54	33	loan	loan	NOUN
taxlaw-8367	54	34	transaction	transaction	NOUN
taxlaw-8367	54	35	.	.	PUNCT
taxlaw-8367	55	1	a	a	DET
taxlaw-8367	55	2	loan	loan	NOUN
taxlaw-8367	55	3	is	be	AUX
taxlaw-8367	55	4	not	not	PART
taxlaw-8367	55	5	a	a	DET
taxlaw-8367	55	6	swap	swap	NOUN
taxlaw-8367	55	7	of	of	ADP
taxlaw-8367	55	8	the	the	DET
taxlaw-8367	55	9	loan	loan	NOUN
taxlaw-8367	55	10	proceeds	proceed	NOUN
taxlaw-8367	55	11	for	for	ADP
taxlaw-8367	55	12	the	the	DET
taxlaw-8367	55	13	obligation	obligation	NOUN
taxlaw-8367	55	14	to	to	PART
taxlaw-8367	55	15	return	return	VERB
taxlaw-8367	55	16	them	they	PRON
taxlaw-8367	55	17	plus	plus	CCONJ
taxlaw-8367	55	18	interest	interest	NOUN
taxlaw-8367	55	19	.	.	PUNCT
taxlaw-8367	56	1	this	this	DET
taxlaw-8367	56	2	description	description	NOUN
taxlaw-8367	56	3	mistakes	mistake	VERB
taxlaw-8367	56	4	the	the	DET
taxlaw-8367	56	5	physical	physical	ADJ
taxlaw-8367	56	6	events	event	NOUN
taxlaw-8367	56	7	that	that	PRON
taxlaw-8367	56	8	occur	occur	VERB
taxlaw-8367	56	9	in	in	ADP
taxlaw-8367	56	10	consequence	consequence	NOUN
taxlaw-8367	56	11	of	of	ADP
taxlaw-8367	56	12	the	the	DET
taxlaw-8367	56	13	loan	loan	NOUN
taxlaw-8367	56	14	agreement	agreement	NOUN
taxlaw-8367	56	15	for	for	ADP
taxlaw-8367	56	16	the	the	DET
taxlaw-8367	56	17	legal	legal	ADJ
taxlaw-8367	56	18	relations	relation	NOUN
taxlaw-8367	56	19	that	that	PRON
taxlaw-8367	56	20	the	the	DET
taxlaw-8367	56	21	loan	loan	NOUN
taxlaw-8367	56	22	agreement	agreement	NOUN
taxlaw-8367	56	23	7	7	NUM
taxlaw-8367	56	24	i.r.c	i.r.c	NOUN
taxlaw-8367	56	25	.	.	PUNCT
taxlaw-8367	57	1	§	§	PROPN
taxlaw-8367	57	2	61(a)(12	61(a)(12	NUM
taxlaw-8367	57	3	)	)	PUNCT
taxlaw-8367	57	4	.	.	PUNCT
taxlaw-8367	58	1	section	section	NOUN
taxlaw-8367	58	2	108	108	NUM
taxlaw-8367	58	3	goes	go	VERB
taxlaw-8367	58	4	on	on	ADP
taxlaw-8367	58	5	to	to	PART
taxlaw-8367	58	6	provide	provide	VERB
taxlaw-8367	58	7	circumstances	circumstance	NOUN
taxlaw-8367	58	8	in	in	ADP
taxlaw-8367	58	9	which	which	PRON
taxlaw-8367	58	10	the	the	DET
taxlaw-8367	58	11	income	income	NOUN
taxlaw-8367	58	12	is	be	AUX
taxlaw-8367	58	13	excluded	exclude	VERB
taxlaw-8367	58	14	based	base	VERB
taxlaw-8367	58	15	on	on	ADP
taxlaw-8367	58	16	various	various	ADJ
taxlaw-8367	58	17	policy	policy	NOUN
taxlaw-8367	58	18	grounds	ground	NOUN
taxlaw-8367	58	19	generally	generally	ADV
taxlaw-8367	58	20	unrelated	unrelated	ADJ
taxlaw-8367	58	21	to	to	ADP
taxlaw-8367	58	22	whether	whether	SCONJ
taxlaw-8367	58	23	the	the	DET
taxlaw-8367	58	24	taxpayer	taxpayer	NOUN
taxlaw-8367	58	25	has	have	AUX
taxlaw-8367	58	26	economic	economic	ADJ
taxlaw-8367	58	27	income	income	NOUN
taxlaw-8367	58	28	by	by	ADP
taxlaw-8367	58	29	reason	reason	NOUN
taxlaw-8367	58	30	of	of	ADP
taxlaw-8367	58	31	the	the	DET
taxlaw-8367	58	32	discharge	discharge	NOUN
taxlaw-8367	58	33	.	.	PUNCT
taxlaw-8367	59	1	8	8	NUM
taxlaw-8367	59	2	this	this	PRON
taxlaw-8367	59	3	is	be	AUX
taxlaw-8367	59	4	the	the	DET
taxlaw-8367	59	5	rule	rule	NOUN
taxlaw-8367	59	6	when	when	SCONJ
taxlaw-8367	59	7	the	the	DET
taxlaw-8367	59	8	borrower	borrower	NOUN
taxlaw-8367	59	9	satisfies	satisfy	VERB
taxlaw-8367	59	10	nonrecourse	nonrecourse	NOUN
taxlaw-8367	59	11	debt	debt	NOUN
taxlaw-8367	59	12	by	by	ADP
taxlaw-8367	59	13	transferring	transfer	VERB
taxlaw-8367	59	14	to	to	ADP
taxlaw-8367	59	15	the	the	DET
taxlaw-8367	59	16	lender	lender	NOUN
taxlaw-8367	59	17	the	the	DET
taxlaw-8367	59	18	property	property	NOUN
taxlaw-8367	59	19	used	use	VERB
taxlaw-8367	59	20	as	as	ADP
taxlaw-8367	59	21	security	security	NOUN
taxlaw-8367	59	22	for	for	ADP
taxlaw-8367	59	23	the	the	DET
taxlaw-8367	59	24	loan	loan	NOUN
taxlaw-8367	59	25	.	.	PUNCT
taxlaw-8367	60	1	crane	crane	NOUN
taxlaw-8367	60	2	v.	v.	ADP
taxlaw-8367	60	3	comm’r	comm’r	NOUN
taxlaw-8367	60	4	,	,	PUNCT
taxlaw-8367	60	5	331	331	NUM
taxlaw-8367	60	6	u.s	u.s	PROPN
taxlaw-8367	60	7	.	.	PROPN
taxlaw-8367	60	8	1	1	NUM
taxlaw-8367	60	9	(	(	PUNCT
taxlaw-8367	60	10	1940	1940	NUM
taxlaw-8367	60	11	)	)	PUNCT
taxlaw-8367	60	12	.	.	PUNCT
taxlaw-8367	61	1	9	9	NUM
taxlaw-8367	61	2	i.r.c	i.r.c	NOUN
taxlaw-8367	61	3	.	.	PUNCT
taxlaw-8367	62	1	§	§	PROPN
taxlaw-8367	62	2	165(g	165(g	PROPN
taxlaw-8367	62	3	)	)	PUNCT
taxlaw-8367	62	4	(	(	PUNCT
taxlaw-8367	62	5	capital	capital	NOUN
taxlaw-8367	62	6	loss	loss	NOUN
taxlaw-8367	62	7	deduction	deduction	NOUN
taxlaw-8367	62	8	on	on	ADP
taxlaw-8367	62	9	worthless	worthless	ADJ
taxlaw-8367	62	10	securities	security	NOUN
taxlaw-8367	62	11	)	)	PUNCT
taxlaw-8367	62	12	;	;	PUNCT
taxlaw-8367	62	13	i.r.c	i.r.c	NOUN
taxlaw-8367	62	14	.	.	PUNCT
taxlaw-8367	63	1	§	§	PROPN
taxlaw-8367	63	2	166(a	166(a	PROPN
taxlaw-8367	63	3	)	)	PUNCT
taxlaw-8367	63	4	(	(	PUNCT
taxlaw-8367	63	5	bad	bad	ADJ
taxlaw-8367	63	6	debt	debt	NOUN
taxlaw-8367	63	7	deduction	deduction	NOUN
taxlaw-8367	63	8	on	on	ADP
taxlaw-8367	63	9	other	other	ADJ
taxlaw-8367	63	10	debt	debt	NOUN
taxlaw-8367	63	11	instruments	instrument	NOUN
taxlaw-8367	63	12	,	,	PUNCT
taxlaw-8367	63	13	the	the	DET
taxlaw-8367	63	14	character	character	NOUN
taxlaw-8367	63	15	of	of	ADP
taxlaw-8367	63	16	which	which	PRON
taxlaw-8367	63	17	depends	depend	VERB
taxlaw-8367	63	18	on	on	ADP
taxlaw-8367	63	19	whether	whether	SCONJ
taxlaw-8367	63	20	the	the	DET
taxlaw-8367	63	21	debt	debt	NOUN
taxlaw-8367	63	22	is	be	AUX
taxlaw-8367	63	23	business	business	NOUN
taxlaw-8367	63	24	or	or	CCONJ
taxlaw-8367	63	25	non	non	ADJ
taxlaw-8367	63	26	-	-	NOUN
taxlaw-8367	63	27	business	business	NOUN
taxlaw-8367	63	28	in	in	ADP
taxlaw-8367	63	29	nature	nature	NOUN
taxlaw-8367	63	30	)	)	PUNCT
taxlaw-8367	63	31	.	.	PUNCT
taxlaw-8367	64	1	10	10	NUM
taxlaw-8367	64	2	see	see	VERB
taxlaw-8367	64	3	generally	generally	ADV
taxlaw-8367	64	4	the	the	DET
taxlaw-8367	64	5	authorities	authority	NOUN
taxlaw-8367	64	6	cited	cite	VERB
taxlaw-8367	64	7	supra	supra	PROPN
taxlaw-8367	64	8	note	note	NOUN
taxlaw-8367	64	9	1	1	X
taxlaw-8367	64	10	.	.	X
taxlaw-8367	64	11	see	see	VERB
taxlaw-8367	64	12	infra	infra	NOUN
taxlaw-8367	64	13	part	part	NOUN
taxlaw-8367	64	14	ii.a	ii.a	ADV
taxlaw-8367	64	15	for	for	ADP
taxlaw-8367	64	16	a	a	DET
taxlaw-8367	64	17	discussion	discussion	NOUN
taxlaw-8367	64	18	of	of	ADP
taxlaw-8367	64	19	debates	debate	NOUN
taxlaw-8367	64	20	in	in	ADP
taxlaw-8367	64	21	the	the	DET
taxlaw-8367	64	22	income	income	NOUN
taxlaw-8367	64	23	tax	tax	NOUN
taxlaw-8367	64	24	literature	literature	NOUN
taxlaw-8367	64	25	on	on	ADP
taxlaw-8367	64	26	the	the	DET
taxlaw-8367	64	27	proper	proper	ADJ
taxlaw-8367	64	28	tax	tax	NOUN
taxlaw-8367	64	29	treatment	treatment	NOUN
taxlaw-8367	64	30	of	of	ADP
taxlaw-8367	64	31	the	the	DET
taxlaw-8367	64	32	loan	loan	NOUN
taxlaw-8367	64	33	so	so	ADV
taxlaw-8367	64	34	conceived	conceive	VERB
taxlaw-8367	64	35	.	.	PUNCT
taxlaw-8367	65	1	11	11	NUM
taxlaw-8367	65	2	the	the	DET
taxlaw-8367	65	3	authorities	authority	NOUN
taxlaw-8367	65	4	and	and	CCONJ
taxlaw-8367	65	5	commentary	commentary	NOUN
taxlaw-8367	65	6	are	be	AUX
taxlaw-8367	65	7	numerous	numerous	ADJ
taxlaw-8367	65	8	.	.	PUNCT
taxlaw-8367	66	1	among	among	ADP
taxlaw-8367	66	2	the	the	DET
taxlaw-8367	66	3	notable	notable	ADJ
taxlaw-8367	66	4	ones	one	NOUN
taxlaw-8367	66	5	are	be	AUX
taxlaw-8367	66	6	comm’r	comm’r	ADP
taxlaw-8367	66	7	v.	v.	ADP
taxlaw-8367	66	8	tufts	tuft	NOUN
taxlaw-8367	66	9	,	,	PUNCT
taxlaw-8367	66	10	461	461	NUM
taxlaw-8367	66	11	u.s	u.s	PROPN
taxlaw-8367	66	12	.	.	PROPN
taxlaw-8367	66	13	300	300	NUM
taxlaw-8367	66	14	,	,	PUNCT
taxlaw-8367	66	15	307	307	NUM
taxlaw-8367	66	16	(	(	PUNCT
taxlaw-8367	66	17	1983	1983	NUM
taxlaw-8367	66	18	)	)	PUNCT
taxlaw-8367	66	19	(	(	PUNCT
taxlaw-8367	66	20	“	"	PUNCT
taxlaw-8367	66	21	when	when	SCONJ
taxlaw-8367	66	22	a	a	DET
taxlaw-8367	66	23	taxpayer	taxpayer	NOUN
taxlaw-8367	66	24	receives	receive	VERB
taxlaw-8367	66	25	a	a	DET
taxlaw-8367	66	26	loan	loan	NOUN
taxlaw-8367	66	27	,	,	PUNCT
taxlaw-8367	66	28	he	he	PRON
taxlaw-8367	66	29	incurs	incur	VERB
taxlaw-8367	66	30	an	an	DET
taxlaw-8367	66	31	obligation	obligation	NOUN
taxlaw-8367	66	32	to	to	PART
taxlaw-8367	66	33	repay	repay	VERB
taxlaw-8367	66	34	that	that	DET
taxlaw-8367	66	35	loan	loan	NOUN
taxlaw-8367	66	36	at	at	ADP
taxlaw-8367	66	37	some	some	DET
taxlaw-8367	66	38	future	future	ADJ
taxlaw-8367	66	39	date	date	NOUN
taxlaw-8367	66	40	.	.	PUNCT
taxlaw-8367	67	1	because	because	SCONJ
taxlaw-8367	67	2	of	of	ADP
taxlaw-8367	67	3	this	this	DET
taxlaw-8367	67	4	obligation	obligation	NOUN
taxlaw-8367	67	5	,	,	PUNCT
taxlaw-8367	67	6	the	the	DET
taxlaw-8367	67	7	loan	loan	NOUN
taxlaw-8367	67	8	proceeds	proceed	NOUN
taxlaw-8367	67	9	do	do	AUX
taxlaw-8367	67	10	not	not	PART
taxlaw-8367	67	11	qualify	qualify	VERB
taxlaw-8367	67	12	as	as	ADP
taxlaw-8367	67	13	income	income	NOUN
taxlaw-8367	67	14	to	to	ADP
taxlaw-8367	67	15	the	the	DET
taxlaw-8367	67	16	taxpayer	taxpayer	NOUN
taxlaw-8367	67	17	.	.	PUNCT
taxlaw-8367	68	1	when	when	SCONJ
taxlaw-8367	68	2	he	he	PRON
taxlaw-8367	68	3	fulfills	fulfill	VERB
taxlaw-8367	68	4	the	the	DET
taxlaw-8367	68	5	obligation	obligation	NOUN
taxlaw-8367	68	6	,	,	PUNCT
taxlaw-8367	68	7	the	the	DET
taxlaw-8367	68	8	repayment	repayment	NOUN
taxlaw-8367	68	9	of	of	ADP
taxlaw-8367	68	10	the	the	DET
taxlaw-8367	68	11	loan	loan	NOUN
taxlaw-8367	68	12	likewise	likewise	ADV
taxlaw-8367	68	13	has	have	VERB
taxlaw-8367	68	14	no	no	DET
taxlaw-8367	68	15	effect	effect	NOUN
taxlaw-8367	68	16	on	on	ADP
taxlaw-8367	68	17	his	his	PRON
taxlaw-8367	68	18	tax	tax	NOUN
taxlaw-8367	68	19	liability	liability	NOUN
taxlaw-8367	68	20	.	.	PUNCT
taxlaw-8367	68	21	”	"	PUNCT
taxlaw-8367	68	22	)	)	PUNCT
taxlaw-8367	68	23	;	;	PUNCT
taxlaw-8367	68	24	bittker	bittker	NOUN
taxlaw-8367	68	25	&	&	CCONJ
taxlaw-8367	68	26	lokken	lokken	PROPN
taxlaw-8367	68	27	,	,	PUNCT
taxlaw-8367	68	28	supra	supra	PROPN
taxlaw-8367	68	29	note	note	PROPN
taxlaw-8367	68	30	3	3	NUM
taxlaw-8367	68	31	,	,	PUNCT
taxlaw-8367	68	32	¶	¶	X
taxlaw-8367	68	33	7.1	7.1	NUM
taxlaw-8367	68	34	(	(	PUNCT
taxlaw-8367	68	35	“	"	PUNCT
taxlaw-8367	68	36	borrowed	borrow	VERB
taxlaw-8367	68	37	funds	fund	NOUN
taxlaw-8367	68	38	are	be	AUX
taxlaw-8367	68	39	excluded	exclude	VERB
taxlaw-8367	68	40	from	from	ADP
taxlaw-8367	68	41	gross	gross	ADJ
taxlaw-8367	68	42	income	income	NOUN
taxlaw-8367	68	43	,	,	PUNCT
taxlaw-8367	68	44	even	even	ADV
taxlaw-8367	68	45	though	though	SCONJ
taxlaw-8367	68	46	they	they	PRON
taxlaw-8367	68	47	increase	increase	VERB
taxlaw-8367	68	48	the	the	DET
taxlaw-8367	68	49	taxpayer	taxpayer	NOUN
taxlaw-8367	68	50	's	's	PART
taxlaw-8367	68	51	assets	asset	NOUN
taxlaw-8367	68	52	and	and	CCONJ
taxlaw-8367	68	53	can	can	AUX
taxlaw-8367	68	54	be	be	AUX
taxlaw-8367	68	55	used	use	VERB
taxlaw-8367	68	56	as	as	SCONJ
taxlaw-8367	68	57	the	the	DET
taxlaw-8367	68	58	taxpayer	taxpayer	NOUN
taxlaw-8367	68	59	sees	see	VERB
taxlaw-8367	68	60	fit	fit	ADJ
taxlaw-8367	68	61	,	,	PUNCT
taxlaw-8367	68	62	because	because	SCONJ
taxlaw-8367	68	63	the	the	DET
taxlaw-8367	68	64	obligation	obligation	NOUN
taxlaw-8367	68	65	to	to	PART
taxlaw-8367	68	66	repay	repay	VERB
taxlaw-8367	68	67	increases	increase	VERB
taxlaw-8367	68	68	the	the	DET
taxlaw-8367	68	69	taxpayer	taxpayer	NOUN
taxlaw-8367	68	70	's	's	PART
taxlaw-8367	68	71	liabilities	liability	NOUN
taxlaw-8367	68	72	by	by	ADP
taxlaw-8367	68	73	the	the	DET
taxlaw-8367	68	74	same	same	ADJ
taxlaw-8367	68	75	amount	amount	NOUN
taxlaw-8367	68	76	and	and	CCONJ
taxlaw-8367	68	77	the	the	DET
taxlaw-8367	68	78	loan	loan	NOUN
taxlaw-8367	68	79	therefore	therefore	ADV
taxlaw-8367	68	80	produces	produce	VERB
taxlaw-8367	68	81	no	no	DET
taxlaw-8367	68	82	gain	gain	NOUN
taxlaw-8367	68	83	.	.	PUNCT
taxlaw-8367	68	84	”	"	PUNCT
taxlaw-8367	68	85	)	)	PUNCT
taxlaw-8367	68	86	(	(	PUNCT
taxlaw-8367	68	87	citing	cite	VERB
taxlaw-8367	68	88	commentary	commentary	NOUN
taxlaw-8367	68	89	)	)	PUNCT
taxlaw-8367	68	90	.	.	PUNCT
taxlaw-8367	69	1	12	12	NUM
taxlaw-8367	69	2	see	see	VERB
taxlaw-8367	69	3	infra	infra	NOUN
taxlaw-8367	69	4	part	part	NOUN
taxlaw-8367	69	5	ii.a	ii.a	NOUN
taxlaw-8367	69	6	.	.	PUNCT
taxlaw-8367	70	1	for	for	ADP
taxlaw-8367	70	2	further	further	ADJ
taxlaw-8367	70	3	discussion	discussion	NOUN
taxlaw-8367	70	4	of	of	ADP
taxlaw-8367	70	5	this	this	DET
taxlaw-8367	70	6	topic	topic	NOUN
taxlaw-8367	70	7	.	.	PUNCT
taxlaw-8367	71	1	13	13	NUM
taxlaw-8367	71	2	i.r.c	i.r.c	NOUN
taxlaw-8367	71	3	.	.	PUNCT
taxlaw-8367	72	1	§	§	PROPN
taxlaw-8367	72	2	1001(a	1001(a	PROPN
taxlaw-8367	72	3	)	)	PUNCT
taxlaw-8367	72	4	.	.	PUNCT
taxlaw-8367	73	1	14	14	NUM
taxlaw-8367	73	2	see	see	VERB
taxlaw-8367	73	3	infra	infra	NOUN
taxlaw-8367	73	4	part	part	NOUN
taxlaw-8367	73	5	ii.b	ii.b	NOUN
taxlaw-8367	73	6	.	.	PUNCT
taxlaw-8367	74	1	for	for	ADP
taxlaw-8367	74	2	further	further	ADJ
taxlaw-8367	74	3	discussion	discussion	NOUN
taxlaw-8367	74	4	of	of	ADP
taxlaw-8367	74	5	this	this	DET
taxlaw-8367	74	6	topic	topic	NOUN
taxlaw-8367	74	7	.	.	PUNCT
taxlaw-8367	75	1	15	15	NUM
taxlaw-8367	75	2	am	am	NOUN
taxlaw-8367	75	3	.	.	PUNCT
taxlaw-8367	76	1	auto	auto	NOUN
taxlaw-8367	76	2	.	.	PUNCT
taxlaw-8367	77	1	ass’n	ass’n	PROPN
taxlaw-8367	77	2	v.	v.	CCONJ
taxlaw-8367	77	3	u.s	u.s	PROPN
taxlaw-8367	77	4	.	.	PROPN
taxlaw-8367	77	5	,	,	PUNCT
taxlaw-8367	77	6	367	367	NUM
taxlaw-8367	77	7	u.s	u.s	PROPN
taxlaw-8367	77	8	.	.	PROPN
taxlaw-8367	77	9	687	687	NUM
taxlaw-8367	77	10	(	(	PUNCT
taxlaw-8367	77	11	1961	1961	NUM
taxlaw-8367	77	12	)	)	PUNCT
taxlaw-8367	77	13	.	.	PUNCT
taxlaw-8367	78	1	16	16	NUM
taxlaw-8367	78	2	e.g.	e.g.	ADJ
taxlaw-8367	78	3	,	,	PUNCT
taxlaw-8367	78	4	i.r.c	i.r.c	NOUN
taxlaw-8367	78	5	.	.	PUNCT
taxlaw-8367	79	1	§	§	PROPN
taxlaw-8367	79	2	358(a	358(a	PROPN
taxlaw-8367	79	3	)	)	PUNCT
taxlaw-8367	79	4	(	(	PUNCT
taxlaw-8367	79	5	exchanged	exchange	VERB
taxlaw-8367	79	6	basis	basis	NOUN
taxlaw-8367	79	7	in	in	ADP
taxlaw-8367	79	8	certain	certain	ADJ
taxlaw-8367	79	9	corporate	corporate	ADJ
taxlaw-8367	79	10	formations	formation	NOUN
taxlaw-8367	79	11	and	and	CCONJ
taxlaw-8367	79	12	reorganizations	reorganization	NOUN
taxlaw-8367	79	13	)	)	PUNCT
taxlaw-8367	79	14	;	;	PUNCT
taxlaw-8367	79	15	i.r.c	i.r.c	NOUN
taxlaw-8367	79	16	.	.	PUNCT
taxlaw-8367	80	1	§	§	PROPN
taxlaw-8367	80	2	722	722	NUM
taxlaw-8367	80	3	(	(	PUNCT
taxlaw-8367	80	4	exchanged	exchange	VERB
taxlaw-8367	80	5	basis	basis	NOUN
taxlaw-8367	80	6	in	in	ADP
taxlaw-8367	80	7	partnership	partnership	NOUN
taxlaw-8367	80	8	formations	formation	NOUN
taxlaw-8367	80	9	)	)	PUNCT
taxlaw-8367	80	10	;	;	PUNCT
taxlaw-8367	80	11	i.r.c	i.r.c	NOUN
taxlaw-8367	80	12	.	.	PUNCT
taxlaw-8367	81	1	§	§	PROPN
taxlaw-8367	81	2	1031(d	1031(d	NUM
taxlaw-8367	81	3	)	)	PUNCT
taxlaw-8367	81	4	(	(	PUNCT
taxlaw-8367	81	5	exchanged	exchange	VERB
taxlaw-8367	81	6	basis	basis	NOUN
taxlaw-8367	81	7	in	in	ADP
taxlaw-8367	81	8	like	like	ADP
taxlaw-8367	81	9	-	-	PUNCT
taxlaw-8367	81	10	kind	kind	NOUN
taxlaw-8367	81	11	exchanges	exchange	NOUN
taxlaw-8367	81	12	)	)	PUNCT
taxlaw-8367	81	13	.	.	PUNCT
taxlaw-8367	82	1	92	92	NUM
taxlaw-8367	82	2	columbia	columbia	PROPN
taxlaw-8367	82	3	journal	journal	NOUN
taxlaw-8367	82	4	of	of	ADP
taxlaw-8367	82	5	tax	tax	NOUN
taxlaw-8367	82	6	law	law	NOUN
taxlaw-8367	82	7	[	[	X
taxlaw-8367	82	8	vol	vol	NOUN
taxlaw-8367	82	9	.	.	PROPN
taxlaw-8367	82	10	12:89	12:89	NUM
taxlaw-8367	82	11	establishes.17	establishes.17	VERB
taxlaw-8367	82	12	rather	rather	ADV
taxlaw-8367	82	13	,	,	PUNCT
taxlaw-8367	82	14	a	a	DET
taxlaw-8367	82	15	loan	loan	NOUN
taxlaw-8367	82	16	is	be	AUX
taxlaw-8367	82	17	simply	simply	ADV
taxlaw-8367	82	18	the	the	DET
taxlaw-8367	82	19	purchase	purchase	NOUN
taxlaw-8367	82	20	of	of	ADP
taxlaw-8367	82	21	the	the	DET
taxlaw-8367	82	22	use	use	NOUN
taxlaw-8367	82	23	of	of	ADP
taxlaw-8367	82	24	funds	fund	NOUN
taxlaw-8367	82	25	during	during	ADP
taxlaw-8367	82	26	the	the	DET
taxlaw-8367	82	27	loan	loan	NOUN
taxlaw-8367	82	28	term	term	NOUN
taxlaw-8367	82	29	,	,	PUNCT
taxlaw-8367	82	30	together	together	ADV
taxlaw-8367	82	31	,	,	PUNCT
taxlaw-8367	82	32	in	in	ADP
taxlaw-8367	82	33	most	most	ADJ
taxlaw-8367	82	34	cases	case	NOUN
taxlaw-8367	82	35	,	,	PUNCT
taxlaw-8367	82	36	with	with	ADP
taxlaw-8367	82	37	further	further	ADJ
taxlaw-8367	82	38	legal	legal	ADJ
taxlaw-8367	82	39	incidents	incident	NOUN
taxlaw-8367	82	40	that	that	PRON
taxlaw-8367	82	41	relate	relate	VERB
taxlaw-8367	82	42	to	to	ADP
taxlaw-8367	82	43	the	the	DET
taxlaw-8367	82	44	risk	risk	NOUN
taxlaw-8367	82	45	assumed	assume	VERB
taxlaw-8367	82	46	by	by	ADP
taxlaw-8367	82	47	the	the	DET
taxlaw-8367	82	48	lender	lender	NOUN
taxlaw-8367	82	49	.	.	PUNCT
taxlaw-8367	83	1	so	so	ADV
taxlaw-8367	83	2	conceived	conceive	VERB
taxlaw-8367	83	3	,	,	PUNCT
taxlaw-8367	83	4	a	a	DET
taxlaw-8367	83	5	loan	loan	NOUN
taxlaw-8367	83	6	is	be	AUX
taxlaw-8367	83	7	analogous	analogous	ADJ
taxlaw-8367	83	8	,	,	PUNCT
taxlaw-8367	83	9	though	though	SCONJ
taxlaw-8367	83	10	not	not	PART
taxlaw-8367	83	11	identical	identical	ADJ
taxlaw-8367	83	12	,	,	PUNCT
taxlaw-8367	83	13	to	to	ADP
taxlaw-8367	83	14	a	a	DET
taxlaw-8367	83	15	lease	lease	NOUN
taxlaw-8367	83	16	.	.	PUNCT
taxlaw-8367	84	1	under	under	ADP
taxlaw-8367	84	2	a	a	DET
taxlaw-8367	84	3	lease	lease	NOUN
taxlaw-8367	84	4	,	,	PUNCT
taxlaw-8367	84	5	the	the	DET
taxlaw-8367	84	6	physical	physical	ADJ
taxlaw-8367	84	7	transfer	transfer	NOUN
taxlaw-8367	84	8	of	of	ADP
taxlaw-8367	84	9	the	the	DET
taxlaw-8367	84	10	subject	subject	NOUN
taxlaw-8367	84	11	property	property	NOUN
taxlaw-8367	84	12	does	do	AUX
taxlaw-8367	84	13	not	not	PART
taxlaw-8367	84	14	signify	signify	VERB
taxlaw-8367	84	15	a	a	DET
taxlaw-8367	84	16	change	change	NOUN
taxlaw-8367	84	17	in	in	ADP
taxlaw-8367	84	18	ownership	ownership	NOUN
taxlaw-8367	84	19	of	of	ADP
taxlaw-8367	84	20	the	the	DET
taxlaw-8367	84	21	fee	fee	NOUN
taxlaw-8367	84	22	interest	interest	NOUN
taxlaw-8367	84	23	;	;	PUNCT
taxlaw-8367	84	24	instead	instead	ADV
taxlaw-8367	84	25	,	,	PUNCT
taxlaw-8367	84	26	the	the	DET
taxlaw-8367	84	27	physical	physical	ADJ
taxlaw-8367	84	28	transfer	transfer	NOUN
taxlaw-8367	84	29	of	of	ADP
taxlaw-8367	84	30	the	the	DET
taxlaw-8367	84	31	subject	subject	ADJ
taxlaw-8367	84	32	property	property	NOUN
taxlaw-8367	84	33	is	be	AUX
taxlaw-8367	84	34	incidental	incidental	ADJ
taxlaw-8367	84	35	to	to	ADP
taxlaw-8367	84	36	the	the	DET
taxlaw-8367	84	37	legal	legal	ADJ
taxlaw-8367	84	38	entitlement	entitlement	NOUN
taxlaw-8367	84	39	purchased	purchase	VERB
taxlaw-8367	84	40	(	(	PUNCT
taxlaw-8367	84	41	as	as	SCONJ
taxlaw-8367	84	42	is	be	AUX
taxlaw-8367	84	43	its	its	PRON
taxlaw-8367	84	44	retransfer	retransfer	NOUN
taxlaw-8367	84	45	at	at	ADP
taxlaw-8367	84	46	the	the	DET
taxlaw-8367	84	47	end	end	NOUN
taxlaw-8367	84	48	of	of	ADP
taxlaw-8367	84	49	the	the	DET
taxlaw-8367	84	50	lease	lease	NOUN
taxlaw-8367	84	51	)	)	PUNCT
taxlaw-8367	84	52	,	,	PUNCT
taxlaw-8367	84	53	which	which	PRON
taxlaw-8367	84	54	is	be	AUX
taxlaw-8367	84	55	the	the	DET
taxlaw-8367	84	56	use	use	NOUN
taxlaw-8367	84	57	of	of	ADP
taxlaw-8367	84	58	the	the	DET
taxlaw-8367	84	59	subject	subject	ADJ
taxlaw-8367	84	60	property	property	NOUN
taxlaw-8367	84	61	during	during	ADP
taxlaw-8367	84	62	the	the	DET
taxlaw-8367	84	63	lease	lease	NOUN
taxlaw-8367	84	64	term	term	NOUN
taxlaw-8367	84	65	.	.	PUNCT
taxlaw-8367	85	1	similarly	similarly	ADV
taxlaw-8367	85	2	,	,	PUNCT
taxlaw-8367	85	3	the	the	DET
taxlaw-8367	85	4	physical	physical	ADJ
taxlaw-8367	85	5	transfer	transfer	NOUN
taxlaw-8367	85	6	of	of	ADP
taxlaw-8367	85	7	funds	fund	NOUN
taxlaw-8367	85	8	pursuant	pursuant	ADJ
taxlaw-8367	85	9	to	to	ADP
taxlaw-8367	85	10	a	a	DET
taxlaw-8367	85	11	loan	loan	NOUN
taxlaw-8367	85	12	agreement	agreement	NOUN
taxlaw-8367	85	13	does	do	AUX
taxlaw-8367	85	14	not	not	PART
taxlaw-8367	85	15	signify	signify	VERB
taxlaw-8367	85	16	that	that	SCONJ
taxlaw-8367	85	17	the	the	DET
taxlaw-8367	85	18	funds	fund	NOUN
taxlaw-8367	85	19	themselves	themselves	PRON
taxlaw-8367	85	20	have	have	AUX
taxlaw-8367	85	21	legally	legally	ADV
taxlaw-8367	85	22	changed	change	VERB
taxlaw-8367	85	23	hands	hand	NOUN
taxlaw-8367	85	24	.	.	PUNCT
taxlaw-8367	86	1	instead	instead	ADV
taxlaw-8367	86	2	,	,	PUNCT
taxlaw-8367	86	3	the	the	DET
taxlaw-8367	86	4	lender	lender	NOUN
taxlaw-8367	86	5	has	have	AUX
taxlaw-8367	86	6	sold	sell	VERB
taxlaw-8367	86	7	a	a	DET
taxlaw-8367	86	8	time	time	NOUN
taxlaw-8367	86	9	-	-	PUNCT
taxlaw-8367	86	10	slice	slice	NOUN
taxlaw-8367	86	11	of	of	ADP
taxlaw-8367	86	12	the	the	DET
taxlaw-8367	86	13	funds	fund	NOUN
taxlaw-8367	86	14	to	to	ADP
taxlaw-8367	86	15	the	the	DET
taxlaw-8367	86	16	borrower	borrower	NOUN
taxlaw-8367	86	17	.	.	PUNCT
taxlaw-8367	87	1	thus	thus	ADV
taxlaw-8367	87	2	,	,	PUNCT
taxlaw-8367	87	3	disregarding	disregard	VERB
taxlaw-8367	87	4	for	for	ADP
taxlaw-8367	87	5	the	the	DET
taxlaw-8367	87	6	moment	moment	NOUN
taxlaw-8367	87	7	the	the	DET
taxlaw-8367	87	8	risk	risk	NOUN
taxlaw-8367	87	9	of	of	ADP
taxlaw-8367	87	10	loss	loss	NOUN
taxlaw-8367	87	11	that	that	PRON
taxlaw-8367	87	12	attends	attend	VERB
taxlaw-8367	87	13	most	most	ADJ
taxlaw-8367	87	14	loan	loan	NOUN
taxlaw-8367	87	15	transactions	transaction	NOUN
taxlaw-8367	87	16	,	,	PUNCT
taxlaw-8367	87	17	it	it	PRON
taxlaw-8367	87	18	follows	follow	VERB
taxlaw-8367	87	19	that	that	SCONJ
taxlaw-8367	87	20	the	the	DET
taxlaw-8367	87	21	borrower	borrower	NOUN
taxlaw-8367	87	22	obtains	obtain	VERB
taxlaw-8367	87	23	no	no	DET
taxlaw-8367	87	24	right	right	NOUN
taxlaw-8367	87	25	to	to	ADP
taxlaw-8367	87	26	or	or	CCONJ
taxlaw-8367	87	27	interest	interest	NOUN
taxlaw-8367	87	28	in	in	ADP
taxlaw-8367	87	29	the	the	DET
taxlaw-8367	87	30	proceeds	proceed	NOUN
taxlaw-8367	87	31	beyond	beyond	ADP
taxlaw-8367	87	32	the	the	DET
taxlaw-8367	87	33	loan	loan	NOUN
taxlaw-8367	87	34	term	term	NOUN
taxlaw-8367	87	35	.	.	PUNCT
taxlaw-8367	88	1	in	in	ADP
taxlaw-8367	88	2	consequence	consequence	NOUN
taxlaw-8367	88	3	,	,	PUNCT
taxlaw-8367	88	4	the	the	DET
taxlaw-8367	88	5	“	"	PUNCT
taxlaw-8367	88	6	remainder	remainder	NOUN
taxlaw-8367	88	7	”	"	PUNCT
taxlaw-8367	88	8	is	be	AUX
taxlaw-8367	88	9	not	not	PART
taxlaw-8367	88	10	transferred	transfer	VERB
taxlaw-8367	88	11	to	to	ADP
taxlaw-8367	88	12	the	the	DET
taxlaw-8367	88	13	borrower	borrower	NOUN
taxlaw-8367	88	14	in	in	ADP
taxlaw-8367	88	15	the	the	DET
taxlaw-8367	88	16	first	first	ADJ
taxlaw-8367	88	17	place	place	NOUN
taxlaw-8367	88	18	,	,	PUNCT
taxlaw-8367	88	19	nor	nor	CCONJ
taxlaw-8367	88	20	transferred	transfer	VERB
taxlaw-8367	88	21	back	back	ADV
taxlaw-8367	88	22	in	in	ADP
taxlaw-8367	88	23	the	the	DET
taxlaw-8367	88	24	second	second	NOUN
taxlaw-8367	88	25	.	.	PUNCT
taxlaw-8367	89	1	it	it	PRON
taxlaw-8367	89	2	follows	follow	VERB
taxlaw-8367	89	3	further	far	ADV
taxlaw-8367	89	4	that	that	SCONJ
taxlaw-8367	89	5	the	the	DET
taxlaw-8367	89	6	consideration	consideration	NOUN
taxlaw-8367	89	7	for	for	ADP
taxlaw-8367	89	8	the	the	DET
taxlaw-8367	89	9	loan	loan	NOUN
taxlaw-8367	89	10	is	be	AUX
taxlaw-8367	89	11	interest	interest	NOUN
taxlaw-8367	89	12	,	,	PUNCT
taxlaw-8367	89	13	not	not	PART
taxlaw-8367	89	14	interest	interest	NOUN
taxlaw-8367	89	15	plus	plus	CCONJ
taxlaw-8367	89	16	an	an	DET
taxlaw-8367	89	17	obligation	obligation	NOUN
taxlaw-8367	89	18	to	to	PART
taxlaw-8367	89	19	return	return	VERB
taxlaw-8367	89	20	.	.	PUNCT
taxlaw-8367	90	1	the	the	DET
taxlaw-8367	90	2	remainder	remainder	NOUN
taxlaw-8367	90	3	is	be	AUX
taxlaw-8367	90	4	along	along	ADP
taxlaw-8367	90	5	for	for	ADP
taxlaw-8367	90	6	the	the	DET
taxlaw-8367	90	7	ride	ride	NOUN
taxlaw-8367	90	8	,	,	PUNCT
taxlaw-8367	90	9	but	but	CCONJ
taxlaw-8367	90	10	just	just	ADV
taxlaw-8367	90	11	as	as	SCONJ
taxlaw-8367	90	12	the	the	DET
taxlaw-8367	90	13	remainder	remainder	NOUN
taxlaw-8367	90	14	in	in	ADP
taxlaw-8367	90	15	a	a	DET
taxlaw-8367	90	16	lease	lease	NOUN
taxlaw-8367	90	17	arrangement	arrangement	NOUN
taxlaw-8367	90	18	is	be	AUX
taxlaw-8367	90	19	not	not	PART
taxlaw-8367	90	20	part	part	NOUN
taxlaw-8367	90	21	of	of	ADP
taxlaw-8367	90	22	the	the	DET
taxlaw-8367	90	23	parties	party	NOUN
taxlaw-8367	90	24	’	'	PUNCT
taxlaw-8367	90	25	bargain	bargain	NOUN
taxlaw-8367	90	26	,	,	PUNCT
taxlaw-8367	90	27	the	the	DET
taxlaw-8367	90	28	remainder	remainder	NOUN
taxlaw-8367	90	29	of	of	ADP
taxlaw-8367	90	30	the	the	DET
taxlaw-8367	90	31	funds	fund	NOUN
taxlaw-8367	90	32	lent	lend	VERB
taxlaw-8367	90	33	—	—	PUNCT
taxlaw-8367	90	34	their	their	PRON
taxlaw-8367	90	35	use	use	NOUN
taxlaw-8367	90	36	for	for	ADP
taxlaw-8367	90	37	all	all	DET
taxlaw-8367	90	38	periods	period	NOUN
taxlaw-8367	90	39	following	follow	VERB
taxlaw-8367	90	40	the	the	DET
taxlaw-8367	90	41	loan	loan	NOUN
taxlaw-8367	90	42	term	term	NOUN
taxlaw-8367	90	43	—	—	PUNCT
taxlaw-8367	90	44	is	be	AUX
taxlaw-8367	90	45	not	not	PART
taxlaw-8367	90	46	bargained	bargain	VERB
taxlaw-8367	90	47	-	-	PUNCT
taxlaw-8367	90	48	for	for	ADP
taxlaw-8367	90	49	consideration	consideration	NOUN
taxlaw-8367	90	50	.	.	PUNCT
taxlaw-8367	91	1	the	the	DET
taxlaw-8367	91	2	value	value	NOUN
taxlaw-8367	91	3	-	-	PUNCT
taxlaw-8367	91	4	for	for	ADP
taxlaw-8367	91	5	-	-	PUNCT
taxlaw-8367	91	6	value	value	NOUN
taxlaw-8367	91	7	exchange	exchange	NOUN
taxlaw-8367	91	8	for	for	ADP
taxlaw-8367	91	9	the	the	DET
taxlaw-8367	91	10	use	use	NOUN
taxlaw-8367	91	11	of	of	ADP
taxlaw-8367	91	12	the	the	DET
taxlaw-8367	91	13	funds	fund	NOUN
taxlaw-8367	91	14	—	—	PUNCT
taxlaw-8367	91	15	the	the	DET
taxlaw-8367	91	16	“	"	PUNCT
taxlaw-8367	91	17	rent”—is	rent”—is	ADV
taxlaw-8367	91	18	,	,	PUNCT
taxlaw-8367	91	19	correspondingly	correspondingly	ADV
taxlaw-8367	91	20	,	,	PUNCT
taxlaw-8367	91	21	not	not	PART
taxlaw-8367	91	22	an	an	DET
taxlaw-8367	91	23	obligation	obligation	NOUN
taxlaw-8367	91	24	to	to	PART
taxlaw-8367	91	25	return	return	VERB
taxlaw-8367	91	26	but	but	CCONJ
taxlaw-8367	91	27	instead	instead	ADV
taxlaw-8367	91	28	what	what	PRON
taxlaw-8367	91	29	is	be	AUX
taxlaw-8367	91	30	denominated	denominate	VERB
taxlaw-8367	91	31	“	"	PUNCT
taxlaw-8367	91	32	interest	interest	NOUN
taxlaw-8367	91	33	.	.	PUNCT
taxlaw-8367	91	34	”	"	PUNCT
taxlaw-8367	92	1	because	because	SCONJ
taxlaw-8367	92	2	the	the	DET
taxlaw-8367	92	3	payment	payment	NOUN
taxlaw-8367	92	4	of	of	ADP
taxlaw-8367	92	5	interest	interest	NOUN
taxlaw-8367	92	6	is	be	AUX
taxlaw-8367	92	7	an	an	DET
taxlaw-8367	92	8	ongoing	ongoing	ADJ
taxlaw-8367	92	9	obligation	obligation	NOUN
taxlaw-8367	92	10	that	that	PRON
taxlaw-8367	92	11	reflects	reflect	VERB
taxlaw-8367	92	12	an	an	DET
taxlaw-8367	92	13	arm’s	arm’s	NUM
taxlaw-8367	92	14	-	-	PUNCT
taxlaw-8367	92	15	length	length	NOUN
taxlaw-8367	92	16	cash	cash	NOUN
taxlaw-8367	92	17	purchase	purchase	NOUN
taxlaw-8367	92	18	,	,	PUNCT
taxlaw-8367	92	19	the	the	DET
taxlaw-8367	92	20	tax	tax	NOUN
taxlaw-8367	92	21	consequences	consequence	NOUN
taxlaw-8367	92	22	of	of	ADP
taxlaw-8367	92	23	borrowing	borrowing	NOUN
taxlaw-8367	92	24	are	be	AUX
taxlaw-8367	92	25	straightforward	straightforward	ADJ
taxlaw-8367	92	26	:	:	PUNCT
taxlaw-8367	92	27	no	no	DET
taxlaw-8367	92	28	income	income	NOUN
taxlaw-8367	92	29	on	on	ADP
taxlaw-8367	92	30	receipt	receipt	NOUN
taxlaw-8367	92	31	of	of	ADP
taxlaw-8367	92	32	the	the	DET
taxlaw-8367	92	33	loan	loan	NOUN
taxlaw-8367	92	34	proceeds	proceed	NOUN
taxlaw-8367	92	35	,	,	PUNCT
taxlaw-8367	92	36	no	no	DET
taxlaw-8367	92	37	deduction	deduction	NOUN
taxlaw-8367	92	38	on	on	ADP
taxlaw-8367	92	39	repayment	repayment	NOUN
taxlaw-8367	92	40	,	,	PUNCT
taxlaw-8367	92	41	and	and	CCONJ
taxlaw-8367	92	42	full	full	ADJ
taxlaw-8367	92	43	basis	basis	NOUN
taxlaw-8367	92	44	credit	credit	NOUN
taxlaw-8367	92	45	in	in	ADP
taxlaw-8367	92	46	the	the	DET
taxlaw-8367	92	47	funds	fund	NOUN
taxlaw-8367	92	48	borrowed	borrow	VERB
taxlaw-8367	92	49	as	as	ADV
taxlaw-8367	92	50	long	long	ADV
taxlaw-8367	92	51	as	as	SCONJ
taxlaw-8367	92	52	interest	interest	NOUN
taxlaw-8367	92	53	payments	payment	NOUN
taxlaw-8367	92	54	remain	remain	VERB
taxlaw-8367	92	55	current	current	ADJ
taxlaw-8367	92	56	.	.	PUNCT
taxlaw-8367	93	1	things	thing	NOUN
taxlaw-8367	93	2	become	become	VERB
taxlaw-8367	93	3	somewhat	somewhat	ADV
taxlaw-8367	93	4	more	more	ADV
taxlaw-8367	93	5	complicated	complicated	ADJ
taxlaw-8367	93	6	once	once	SCONJ
taxlaw-8367	93	7	one	one	PRON
taxlaw-8367	93	8	incorporates	incorporate	VERB
taxlaw-8367	93	9	risk	risk	NOUN
taxlaw-8367	93	10	of	of	ADP
taxlaw-8367	93	11	default	default	NOUN
taxlaw-8367	93	12	into	into	ADP
taxlaw-8367	93	13	the	the	DET
taxlaw-8367	93	14	equation	equation	NOUN
taxlaw-8367	93	15	,	,	PUNCT
taxlaw-8367	93	16	but	but	CCONJ
taxlaw-8367	93	17	the	the	DET
taxlaw-8367	93	18	basic	basic	ADJ
taxlaw-8367	93	19	analysis	analysis	NOUN
taxlaw-8367	93	20	does	do	AUX
taxlaw-8367	93	21	not	not	PART
taxlaw-8367	93	22	change	change	VERB
taxlaw-8367	93	23	.	.	PUNCT
taxlaw-8367	94	1	the	the	DET
taxlaw-8367	94	2	presence	presence	NOUN
taxlaw-8367	94	3	of	of	ADP
taxlaw-8367	94	4	default	default	NOUN
taxlaw-8367	94	5	risk	risk	NOUN
taxlaw-8367	94	6	means	mean	VERB
taxlaw-8367	94	7	that	that	SCONJ
taxlaw-8367	94	8	what	what	PRON
taxlaw-8367	94	9	is	be	AUX
taxlaw-8367	94	10	called	call	VERB
taxlaw-8367	94	11	“	"	PUNCT
taxlaw-8367	94	12	interest	interest	NOUN
taxlaw-8367	94	13	”	"	PUNCT
taxlaw-8367	94	14	pays	pay	VERB
taxlaw-8367	94	15	for	for	ADP
taxlaw-8367	94	16	more	more	ADJ
taxlaw-8367	94	17	than	than	ADP
taxlaw-8367	94	18	the	the	DET
taxlaw-8367	94	19	right	right	NOUN
taxlaw-8367	94	20	to	to	PART
taxlaw-8367	94	21	use	use	VERB
taxlaw-8367	94	22	the	the	DET
taxlaw-8367	94	23	funds	fund	NOUN
taxlaw-8367	94	24	during	during	ADP
taxlaw-8367	94	25	the	the	DET
taxlaw-8367	94	26	loan	loan	NOUN
taxlaw-8367	94	27	term	term	NOUN
taxlaw-8367	94	28	.	.	PUNCT
taxlaw-8367	95	1	it	it	PRON
taxlaw-8367	95	2	also	also	ADV
taxlaw-8367	95	3	covers	cover	VERB
taxlaw-8367	95	4	the	the	DET
taxlaw-8367	95	5	possibility	possibility	NOUN
taxlaw-8367	95	6	that	that	SCONJ
taxlaw-8367	95	7	the	the	DET
taxlaw-8367	95	8	incidental	incidental	ADJ
taxlaw-8367	95	9	transfer	transfer	NOUN
taxlaw-8367	95	10	of	of	ADP
taxlaw-8367	95	11	the	the	DET
taxlaw-8367	95	12	remainder	remainder	NOUN
taxlaw-8367	95	13	will	will	AUX
taxlaw-8367	95	14	not	not	PART
taxlaw-8367	95	15	be	be	AUX
taxlaw-8367	95	16	reversed	reverse	VERB
taxlaw-8367	95	17	.	.	PUNCT
taxlaw-8367	96	1	in	in	ADP
taxlaw-8367	96	2	this	this	DET
taxlaw-8367	96	3	respect	respect	NOUN
taxlaw-8367	96	4	,	,	PUNCT
taxlaw-8367	96	5	the	the	DET
taxlaw-8367	96	6	deal	deal	NOUN
taxlaw-8367	96	7	is	be	AUX
taxlaw-8367	96	8	more	more	ADJ
taxlaw-8367	96	9	than	than	ADP
taxlaw-8367	96	10	payment	payment	NOUN
taxlaw-8367	96	11	in	in	ADP
taxlaw-8367	96	12	exchange	exchange	NOUN
taxlaw-8367	96	13	for	for	ADP
taxlaw-8367	96	14	use	use	NOUN
taxlaw-8367	96	15	.	.	PUNCT
taxlaw-8367	97	1	it	it	PRON
taxlaw-8367	97	2	is	be	AUX
taxlaw-8367	97	3	payment	payment	NOUN
taxlaw-8367	97	4	for	for	ADP
taxlaw-8367	97	5	use	use	NOUN
taxlaw-8367	97	6	plus	plus	CCONJ
taxlaw-8367	97	7	payment	payment	NOUN
taxlaw-8367	97	8	for	for	ADP
taxlaw-8367	97	9	a	a	DET
taxlaw-8367	97	10	form	form	NOUN
taxlaw-8367	97	11	of	of	ADP
taxlaw-8367	97	12	insurance	insurance	NOUN
taxlaw-8367	97	13	against	against	ADP
taxlaw-8367	97	14	a	a	DET
taxlaw-8367	97	15	certain	certain	ADJ
taxlaw-8367	97	16	kind	kind	NOUN
taxlaw-8367	97	17	of	of	ADP
taxlaw-8367	97	18	risk	risk	NOUN
taxlaw-8367	97	19	of	of	ADP
taxlaw-8367	97	20	loss	loss	NOUN
taxlaw-8367	97	21	.	.	PUNCT
taxlaw-8367	98	1	nevertheless	nevertheless	ADV
taxlaw-8367	98	2	,	,	PUNCT
taxlaw-8367	98	3	the	the	DET
taxlaw-8367	98	4	borrower	borrower	NOUN
taxlaw-8367	98	5	continues	continue	VERB
taxlaw-8367	98	6	to	to	PART
taxlaw-8367	98	7	pay	pay	VERB
taxlaw-8367	98	8	for	for	ADP
taxlaw-8367	98	9	that	that	DET
taxlaw-8367	98	10	risk	risk	NOUN
taxlaw-8367	98	11	on	on	ADP
taxlaw-8367	98	12	the	the	DET
taxlaw-8367	98	13	same	same	ADJ
taxlaw-8367	98	14	ongoing	ongoing	ADJ
taxlaw-8367	98	15	basis	basis	NOUN
taxlaw-8367	98	16	that	that	SCONJ
taxlaw-8367	98	17	the	the	DET
taxlaw-8367	98	18	borrower	borrower	NOUN
taxlaw-8367	98	19	pays	pay	VERB
taxlaw-8367	98	20	for	for	ADP
taxlaw-8367	98	21	the	the	DET
taxlaw-8367	98	22	use	use	NOUN
taxlaw-8367	98	23	,	,	PUNCT
taxlaw-8367	98	24	not	not	PART
taxlaw-8367	98	25	through	through	ADP
taxlaw-8367	98	26	an	an	DET
taxlaw-8367	98	27	additional	additional	ADJ
taxlaw-8367	98	28	promise	promise	NOUN
taxlaw-8367	98	29	to	to	PART
taxlaw-8367	98	30	retransfer	retransfer	VERB
taxlaw-8367	98	31	the	the	DET
taxlaw-8367	98	32	loan	loan	NOUN
taxlaw-8367	98	33	proceeds	proceed	NOUN
taxlaw-8367	98	34	at	at	ADP
taxlaw-8367	98	35	the	the	DET
taxlaw-8367	98	36	term	term	NOUN
taxlaw-8367	98	37	.	.	PUNCT
taxlaw-8367	99	1	instead	instead	ADV
taxlaw-8367	99	2	,	,	PUNCT
taxlaw-8367	99	3	the	the	DET
taxlaw-8367	99	4	nominal	nominal	ADJ
taxlaw-8367	99	5	interest	interest	NOUN
taxlaw-8367	99	6	payment	payment	NOUN
taxlaw-8367	99	7	is	be	AUX
taxlaw-8367	99	8	larger	large	ADJ
taxlaw-8367	99	9	to	to	PART
taxlaw-8367	99	10	reflect	reflect	VERB
taxlaw-8367	99	11	the	the	DET
taxlaw-8367	99	12	insurance	insurance	NOUN
taxlaw-8367	99	13	purchased	purchase	VERB
taxlaw-8367	99	14	;	;	PUNCT
taxlaw-8367	99	15	it	it	PRON
taxlaw-8367	99	16	includes	include	VERB
taxlaw-8367	99	17	what	what	PRON
taxlaw-8367	99	18	is	be	AUX
taxlaw-8367	99	19	commonly	commonly	ADV
taxlaw-8367	99	20	termed	term	VERB
taxlaw-8367	99	21	a	a	DET
taxlaw-8367	99	22	risk	risk	NOUN
taxlaw-8367	99	23	premium.18	premium.18	NOUN
taxlaw-8367	99	24	in	in	ADP
taxlaw-8367	99	25	addition	addition	NOUN
taxlaw-8367	99	26	,	,	PUNCT
taxlaw-8367	99	27	there	there	PRON
taxlaw-8367	99	28	may	may	AUX
taxlaw-8367	99	29	be	be	AUX
taxlaw-8367	99	30	other	other	ADJ
taxlaw-8367	99	31	forms	form	NOUN
taxlaw-8367	99	32	of	of	ADP
taxlaw-8367	99	33	“	"	PUNCT
taxlaw-8367	99	34	payment	payment	NOUN
taxlaw-8367	99	35	”	"	PUNCT
taxlaw-8367	99	36	from	from	ADP
taxlaw-8367	99	37	the	the	DET
taxlaw-8367	99	38	borrower	borrower	NOUN
taxlaw-8367	99	39	,	,	PUNCT
taxlaw-8367	99	40	such	such	ADJ
taxlaw-8367	99	41	as	as	ADP
taxlaw-8367	99	42	restrictions	restriction	NOUN
taxlaw-8367	99	43	on	on	ADP
taxlaw-8367	99	44	borrower	borrower	NOUN
taxlaw-8367	99	45	activity	activity	NOUN
taxlaw-8367	99	46	,	,	PUNCT
taxlaw-8367	99	47	the	the	DET
taxlaw-8367	99	48	right	right	NOUN
taxlaw-8367	99	49	of	of	ADP
taxlaw-8367	99	50	the	the	DET
taxlaw-8367	99	51	lender	lender	NOUN
taxlaw-8367	99	52	to	to	PART
taxlaw-8367	99	53	monitor	monitor	VERB
taxlaw-8367	99	54	the	the	DET
taxlaw-8367	99	55	borrower	borrower	NOUN
taxlaw-8367	99	56	,	,	PUNCT
taxlaw-8367	99	57	the	the	DET
taxlaw-8367	99	58	provision	provision	NOUN
taxlaw-8367	99	59	of	of	ADP
taxlaw-8367	99	60	security	security	NOUN
taxlaw-8367	99	61	,	,	PUNCT
taxlaw-8367	99	62	or	or	CCONJ
taxlaw-8367	99	63	some	some	DET
taxlaw-8367	99	64	combination	combination	NOUN
taxlaw-8367	99	65	of	of	ADP
taxlaw-8367	99	66	these	these	PRON
taxlaw-8367	99	67	.	.	PUNCT
taxlaw-8367	100	1	like	like	ADP
taxlaw-8367	100	2	an	an	DET
taxlaw-8367	100	3	interest	interest	NOUN
taxlaw-8367	100	4	payment	payment	NOUN
taxlaw-8367	100	5	or	or	CCONJ
taxlaw-8367	100	6	a	a	DET
taxlaw-8367	100	7	risk	risk	NOUN
taxlaw-8367	100	8	premium	premium	NOUN
taxlaw-8367	100	9	,	,	PUNCT
taxlaw-8367	100	10	however	however	ADV
taxlaw-8367	100	11	,	,	PUNCT
taxlaw-8367	100	12	these	these	DET
taxlaw-8367	100	13	payments	payment	NOUN
taxlaw-8367	100	14	are	be	AUX
taxlaw-8367	100	15	made	make	VERB
taxlaw-8367	100	16	contemporaneously	contemporaneously	ADV
taxlaw-8367	100	17	and	and	CCONJ
taxlaw-8367	100	18	generally	generally	ADV
taxlaw-8367	100	19	do	do	AUX
taxlaw-8367	100	20	not	not	PART
taxlaw-8367	100	21	trigger	trigger	VERB
taxlaw-8367	100	22	gain	gain	NOUN
taxlaw-8367	100	23	or	or	CCONJ
taxlaw-8367	100	24	loss	loss	NOUN
taxlaw-8367	100	25	to	to	ADP
taxlaw-8367	100	26	either	either	DET
taxlaw-8367	100	27	party	party	NOUN
taxlaw-8367	100	28	.	.	PUNCT
taxlaw-8367	101	1	misconceptions	misconception	NOUN
taxlaw-8367	101	2	about	about	ADP
taxlaw-8367	101	3	the	the	DET
taxlaw-8367	101	4	nature	nature	NOUN
taxlaw-8367	101	5	of	of	ADP
taxlaw-8367	101	6	borrowing	borrowing	NOUN
taxlaw-8367	101	7	create	create	VERB
taxlaw-8367	101	8	casualties	casualty	NOUN
taxlaw-8367	101	9	beyond	beyond	ADP
taxlaw-8367	101	10	their	their	PRON
taxlaw-8367	101	11	threat	threat	NOUN
taxlaw-8367	101	12	to	to	PART
taxlaw-8367	101	13	destabilize	destabilize	VERB
taxlaw-8367	101	14	the	the	DET
taxlaw-8367	101	15	current	current	ADJ
taxlaw-8367	101	16	regime	regime	NOUN
taxlaw-8367	101	17	.	.	PUNCT
taxlaw-8367	102	1	they	they	PRON
taxlaw-8367	102	2	include	include	VERB
taxlaw-8367	102	3	obscuring	obscure	VERB
taxlaw-8367	102	4	the	the	DET
taxlaw-8367	102	5	proper	proper	ADJ
taxlaw-8367	102	6	understanding	understanding	NOUN
taxlaw-8367	102	7	of	of	ADP
taxlaw-8367	102	8	the	the	DET
taxlaw-8367	102	9	17	17	NUM
taxlaw-8367	102	10	as	as	SCONJ
taxlaw-8367	102	11	will	will	AUX
taxlaw-8367	102	12	become	become	VERB
taxlaw-8367	102	13	clear	clear	ADJ
taxlaw-8367	102	14	,	,	PUNCT
taxlaw-8367	102	15	the	the	DET
taxlaw-8367	102	16	analysis	analysis	NOUN
taxlaw-8367	102	17	is	be	AUX
taxlaw-8367	102	18	sympathetic	sympathetic	ADJ
taxlaw-8367	102	19	to	to	PART
taxlaw-8367	102	20	hohfeld	hohfeld	VERB
taxlaw-8367	102	21	’s	’s	PART
taxlaw-8367	102	22	critique	critique	NOUN
taxlaw-8367	102	23	of	of	ADP
taxlaw-8367	102	24	the	the	DET
taxlaw-8367	102	25	analysis	analysis	NOUN
taxlaw-8367	102	26	of	of	ADP
taxlaw-8367	102	27	“	"	PUNCT
taxlaw-8367	102	28	rights	right	NOUN
taxlaw-8367	102	29	.	.	PUNCT
taxlaw-8367	102	30	”	"	PUNCT
taxlaw-8367	103	1	among	among	ADP
taxlaw-8367	103	2	hohfeld	hohfeld	PROPN
taxlaw-8367	103	3	’s	’s	PART
taxlaw-8367	103	4	criticisms	criticism	NOUN
taxlaw-8367	103	5	was	be	AUX
taxlaw-8367	103	6	that	that	SCONJ
taxlaw-8367	103	7	analysts	analyst	NOUN
taxlaw-8367	103	8	often	often	ADV
taxlaw-8367	103	9	confuse	confuse	VERB
taxlaw-8367	103	10	the	the	DET
taxlaw-8367	103	11	physical	physical	ADJ
taxlaw-8367	103	12	events	event	NOUN
taxlaw-8367	103	13	attendant	attendant	ADJ
taxlaw-8367	103	14	to	to	ADP
taxlaw-8367	103	15	the	the	DET
taxlaw-8367	103	16	legal	legal	ADJ
taxlaw-8367	103	17	relations	relation	NOUN
taxlaw-8367	103	18	with	with	ADP
taxlaw-8367	103	19	the	the	DET
taxlaw-8367	103	20	relations	relation	NOUN
taxlaw-8367	103	21	themselves	themselves	PRON
taxlaw-8367	103	22	.	.	PUNCT
taxlaw-8367	104	1	wesley	wesley	PROPN
taxlaw-8367	104	2	newcomb	newcomb	PROPN
taxlaw-8367	104	3	hohfeld	hohfeld	PROPN
taxlaw-8367	104	4	,	,	PUNCT
taxlaw-8367	104	5	some	some	DET
taxlaw-8367	104	6	fundamental	fundamental	ADJ
taxlaw-8367	104	7	legal	legal	ADJ
taxlaw-8367	104	8	conceptions	conception	NOUN
taxlaw-8367	104	9	as	as	SCONJ
taxlaw-8367	104	10	applied	apply	VERB
taxlaw-8367	104	11	in	in	ADP
taxlaw-8367	104	12	judicial	judicial	ADJ
taxlaw-8367	104	13	reasoning	reasoning	NOUN
taxlaw-8367	104	14	,	,	PUNCT
taxlaw-8367	104	15	23	23	NUM
taxlaw-8367	104	16	yale	yale	PROPN
taxlaw-8367	104	17	l.j	l.j	PROPN
taxlaw-8367	104	18	.	.	PROPN
taxlaw-8367	104	19	16	16	NUM
taxlaw-8367	104	20	,	,	PUNCT
taxlaw-8367	104	21	24	24	NUM
taxlaw-8367	104	22	(	(	PUNCT
taxlaw-8367	104	23	1913	1913	NUM
taxlaw-8367	104	24	)	)	PUNCT
taxlaw-8367	104	25	.	.	PUNCT
taxlaw-8367	105	1	18	18	NUM
taxlaw-8367	105	2	for	for	ADP
taxlaw-8367	105	3	a	a	DET
taxlaw-8367	105	4	standard	standard	ADJ
taxlaw-8367	105	5	statement	statement	NOUN
taxlaw-8367	105	6	of	of	ADP
taxlaw-8367	105	7	the	the	DET
taxlaw-8367	105	8	principle	principle	NOUN
taxlaw-8367	105	9	,	,	PUNCT
taxlaw-8367	105	10	see	see	VERB
taxlaw-8367	105	11	default	default	NOUN
taxlaw-8367	105	12	risk	risk	NOUN
taxlaw-8367	105	13	premium	premium	NOUN
taxlaw-8367	105	14	,	,	PUNCT
taxlaw-8367	105	15	https://	https://	PROPN
taxlaw-8367	105	16	corporatefinanceinstitute.com/resources/knowledge/finance/default-risk-premium/	corporatefinanceinstitute.com/resources/knowledge/finance/default-risk-premium/	NOUN
taxlaw-8367	106	1	[	[	X
taxlaw-8367	106	2	https://perma.cc/b7wxkmga	https://perma.cc/b7wxkmga	X
taxlaw-8367	106	3	]	]	X
taxlaw-8367	106	4	(	(	PUNCT
taxlaw-8367	106	5	last	last	ADV
taxlaw-8367	106	6	visited	visit	VERB
taxlaw-8367	106	7	mar	mar	PROPN
taxlaw-8367	106	8	.	.	PROPN
taxlaw-8367	106	9	21	21	NUM
taxlaw-8367	106	10	,	,	PUNCT
taxlaw-8367	106	11	2021	2021	NUM
taxlaw-8367	106	12	)	)	PUNCT
taxlaw-8367	106	13	(	(	PUNCT
taxlaw-8367	106	14	“	"	PUNCT
taxlaw-8367	106	15	a	a	DET
taxlaw-8367	106	16	default	default	NOUN
taxlaw-8367	106	17	risk	risk	NOUN
taxlaw-8367	106	18	premium	premium	NOUN
taxlaw-8367	106	19	is	be	AUX
taxlaw-8367	106	20	effectively	effectively	ADV
taxlaw-8367	106	21	the	the	DET
taxlaw-8367	106	22	difference	difference	NOUN
taxlaw-8367	106	23	between	between	ADP
taxlaw-8367	106	24	a	a	DET
taxlaw-8367	106	25	debt	debt	NOUN
taxlaw-8367	106	26	instrument	instrument	NOUN
taxlaw-8367	106	27	’s	’s	PART
taxlaw-8367	106	28	interest	interest	NOUN
taxlaw-8367	106	29	rate	rate	NOUN
taxlaw-8367	106	30	and	and	CCONJ
taxlaw-8367	106	31	the	the	DET
taxlaw-8367	106	32	risk	risk	NOUN
taxlaw-8367	106	33	-	-	PUNCT
taxlaw-8367	106	34	free	free	ADJ
taxlaw-8367	106	35	rate	rate	NOUN
taxlaw-8367	106	36	.	.	PUNCT
taxlaw-8367	107	1	the	the	DET
taxlaw-8367	107	2	default	default	NOUN
taxlaw-8367	107	3	risk	risk	NOUN
taxlaw-8367	107	4	premium	premium	NOUN
taxlaw-8367	107	5	exists	exist	VERB
taxlaw-8367	107	6	to	to	PART
taxlaw-8367	107	7	compensate	compensate	VERB
taxlaw-8367	107	8	investors	investor	NOUN
taxlaw-8367	107	9	for	for	ADP
taxlaw-8367	107	10	an	an	DET
taxlaw-8367	107	11	entity	entity	NOUN
taxlaw-8367	107	12	’s	’s	PART
taxlaw-8367	107	13	likelihood	likelihood	NOUN
taxlaw-8367	107	14	of	of	ADP
taxlaw-8367	107	15	defaulting	default	VERB
taxlaw-8367	107	16	on	on	ADP
taxlaw-8367	107	17	their	their	PRON
taxlaw-8367	107	18	[	[	NOUN
taxlaw-8367	107	19	sic	sic	ADJ
taxlaw-8367	107	20	]	]	PUNCT
taxlaw-8367	107	21	debt	debt	NOUN
taxlaw-8367	107	22	.	.	PUNCT
taxlaw-8367	107	23	”	"	PUNCT
taxlaw-8367	107	24	)	)	PUNCT
taxlaw-8367	107	25	.	.	PUNCT
taxlaw-8367	108	1	2021	2021	NUM
taxlaw-8367	108	2	]	]	PUNCT
taxlaw-8367	108	3	debt	debt	NOUN
taxlaw-8367	108	4	and	and	CCONJ
taxlaw-8367	108	5	taxes	taxis	NOUN
taxlaw-8367	108	6	93	93	NUM
taxlaw-8367	108	7	nature	nature	NOUN
taxlaw-8367	108	8	of	of	ADP
taxlaw-8367	108	9	income	income	NOUN
taxlaw-8367	108	10	from	from	ADP
taxlaw-8367	108	11	the	the	DET
taxlaw-8367	108	12	discharge	discharge	NOUN
taxlaw-8367	108	13	of	of	ADP
taxlaw-8367	108	14	indebtedness	indebtedness	NOUN
taxlaw-8367	108	15	(	(	PUNCT
taxlaw-8367	108	16	doi	doi	NOUN
taxlaw-8367	108	17	)	)	PUNCT
taxlaw-8367	108	18	,	,	PUNCT
taxlaw-8367	108	19	of	of	ADP
taxlaw-8367	108	20	the	the	DET
taxlaw-8367	108	21	differences	difference	NOUN
taxlaw-8367	108	22	between	between	ADP
taxlaw-8367	108	23	recourse	recourse	NOUN
taxlaw-8367	108	24	and	and	CCONJ
taxlaw-8367	108	25	nonrecourse	nonrecourse	NOUN
taxlaw-8367	108	26	debt	debt	NOUN
taxlaw-8367	108	27	,	,	PUNCT
taxlaw-8367	108	28	and	and	CCONJ
taxlaw-8367	108	29	even	even	ADV
taxlaw-8367	108	30	of	of	ADP
taxlaw-8367	108	31	the	the	DET
taxlaw-8367	108	32	relative	relative	ADJ
taxlaw-8367	108	33	merits	merit	NOUN
taxlaw-8367	108	34	of	of	ADP
taxlaw-8367	108	35	income	income	NOUN
taxlaw-8367	108	36	and	and	CCONJ
taxlaw-8367	108	37	consumption	consumption	NOUN
taxlaw-8367	108	38	as	as	ADP
taxlaw-8367	108	39	tax	tax	NOUN
taxlaw-8367	108	40	bases	basis	NOUN
taxlaw-8367	108	41	.	.	PUNCT
taxlaw-8367	109	1	stated	state	VERB
taxlaw-8367	109	2	more	more	ADV
taxlaw-8367	109	3	positively	positively	ADV
taxlaw-8367	109	4	,	,	PUNCT
taxlaw-8367	109	5	a	a	DET
taxlaw-8367	109	6	better	well	ADJ
taxlaw-8367	109	7	theory	theory	NOUN
taxlaw-8367	109	8	of	of	ADP
taxlaw-8367	109	9	debt	debt	NOUN
taxlaw-8367	109	10	would	would	AUX
taxlaw-8367	109	11	be	be	AUX
taxlaw-8367	109	12	of	of	ADP
taxlaw-8367	109	13	significant	significant	ADJ
taxlaw-8367	109	14	value	value	NOUN
taxlaw-8367	109	15	in	in	ADP
taxlaw-8367	109	16	the	the	DET
taxlaw-8367	109	17	effort	effort	NOUN
taxlaw-8367	109	18	to	to	PART
taxlaw-8367	109	19	tax	tax	VERB
taxlaw-8367	109	20	it	it	PRON
taxlaw-8367	109	21	properly	properly	ADV
taxlaw-8367	109	22	and	and	CCONJ
taxlaw-8367	109	23	,	,	PUNCT
taxlaw-8367	109	24	conversely	conversely	ADV
taxlaw-8367	109	25	,	,	PUNCT
taxlaw-8367	109	26	in	in	ADP
taxlaw-8367	109	27	any	any	DET
taxlaw-8367	109	28	effort	effort	NOUN
taxlaw-8367	109	29	to	to	PART
taxlaw-8367	109	30	implement	implement	VERB
taxlaw-8367	109	31	consumption	consumption	NOUN
taxlaw-8367	109	32	tax	tax	NOUN
taxlaw-8367	109	33	principles	principle	NOUN
taxlaw-8367	109	34	to	to	ADP
taxlaw-8367	109	35	a	a	DET
taxlaw-8367	109	36	greater	great	ADJ
taxlaw-8367	109	37	extent	extent	NOUN
taxlaw-8367	109	38	than	than	SCONJ
taxlaw-8367	109	39	the	the	DET
taxlaw-8367	109	40	law	law	NOUN
taxlaw-8367	109	41	currently	currently	ADV
taxlaw-8367	109	42	does	do	VERB
taxlaw-8367	109	43	,	,	PUNCT
taxlaw-8367	109	44	should	should	AUX
taxlaw-8367	109	45	congress	congress	PROPN
taxlaw-8367	109	46	move	move	VERB
taxlaw-8367	109	47	in	in	ADP
taxlaw-8367	109	48	that	that	DET
taxlaw-8367	109	49	direction	direction	NOUN
taxlaw-8367	109	50	.	.	PUNCT
taxlaw-8367	110	1	perhaps	perhaps	ADV
taxlaw-8367	110	2	most	most	ADV
taxlaw-8367	110	3	significantly	significantly	ADV
taxlaw-8367	110	4	as	as	ADP
taxlaw-8367	110	5	a	a	DET
taxlaw-8367	110	6	doctrinal	doctrinal	ADJ
taxlaw-8367	110	7	matter	matter	NOUN
taxlaw-8367	110	8	,	,	PUNCT
taxlaw-8367	110	9	the	the	DET
taxlaw-8367	110	10	argument	argument	NOUN
taxlaw-8367	110	11	counsels	counsel	VERB
taxlaw-8367	110	12	a	a	DET
taxlaw-8367	110	13	wholesale	wholesale	ADJ
taxlaw-8367	110	14	revision	revision	NOUN
taxlaw-8367	110	15	of	of	ADP
taxlaw-8367	110	16	the	the	DET
taxlaw-8367	110	17	tax	tax	NOUN
taxlaw-8367	110	18	rules	rule	NOUN
taxlaw-8367	110	19	for	for	ADP
taxlaw-8367	110	20	partnerships	partnership	NOUN
taxlaw-8367	110	21	’	'	PUNCT
taxlaw-8367	110	22	allocation	allocation	NOUN
taxlaw-8367	110	23	of	of	ADP
taxlaw-8367	110	24	basis	basis	NOUN
taxlaw-8367	110	25	credit	credit	NOUN
taxlaw-8367	110	26	among	among	ADP
taxlaw-8367	110	27	the	the	DET
taxlaw-8367	110	28	partners	partner	NOUN
taxlaw-8367	110	29	when	when	SCONJ
taxlaw-8367	110	30	the	the	DET
taxlaw-8367	110	31	partnership	partnership	NOUN
taxlaw-8367	110	32	borrows.19	borrows.19	PROPN
taxlaw-8367	110	33	part	part	PROPN
taxlaw-8367	110	34	ii	ii	PROPN
taxlaw-8367	110	35	of	of	ADP
taxlaw-8367	110	36	this	this	DET
taxlaw-8367	110	37	article	article	NOUN
taxlaw-8367	110	38	describes	describe	VERB
taxlaw-8367	110	39	the	the	DET
taxlaw-8367	110	40	received	receive	VERB
taxlaw-8367	110	41	view	view	NOUN
taxlaw-8367	110	42	of	of	ADP
taxlaw-8367	110	43	the	the	DET
taxlaw-8367	110	44	loan	loan	NOUN
taxlaw-8367	110	45	transaction	transaction	NOUN
taxlaw-8367	110	46	and	and	CCONJ
taxlaw-8367	110	47	reviews	review	NOUN
taxlaw-8367	110	48	both	both	PRON
taxlaw-8367	110	49	its	its	PRON
taxlaw-8367	110	50	tax	tax	NOUN
taxlaw-8367	110	51	treatment	treatment	NOUN
taxlaw-8367	110	52	and	and	CCONJ
taxlaw-8367	110	53	the	the	DET
taxlaw-8367	110	54	conceptual	conceptual	ADJ
taxlaw-8367	110	55	problems	problem	NOUN
taxlaw-8367	110	56	that	that	PRON
taxlaw-8367	110	57	commentators	commentator	NOUN
taxlaw-8367	110	58	have	have	AUX
taxlaw-8367	110	59	identified	identify	VERB
taxlaw-8367	110	60	with	with	ADP
taxlaw-8367	110	61	that	that	DET
taxlaw-8367	110	62	treatment	treatment	NOUN
taxlaw-8367	110	63	.	.	PUNCT
taxlaw-8367	111	1	part	part	NOUN
taxlaw-8367	111	2	iii	iii	NUM
taxlaw-8367	111	3	develops	develop	VERB
taxlaw-8367	111	4	the	the	DET
taxlaw-8367	111	5	case	case	NOUN
taxlaw-8367	111	6	for	for	ADP
taxlaw-8367	111	7	understanding	understand	VERB
taxlaw-8367	111	8	loans	loan	NOUN
taxlaw-8367	111	9	as	as	ADP
taxlaw-8367	111	10	analogous	analogous	ADJ
taxlaw-8367	111	11	to	to	PART
taxlaw-8367	111	12	lease	lease	VERB
taxlaw-8367	111	13	transactions	transaction	NOUN
taxlaw-8367	111	14	and	and	CCONJ
taxlaw-8367	111	15	,	,	PUNCT
taxlaw-8367	111	16	consequently	consequently	ADV
taxlaw-8367	111	17	,	,	PUNCT
taxlaw-8367	111	18	for	for	ADP
taxlaw-8367	111	19	understanding	understand	VERB
taxlaw-8367	111	20	interest	interest	NOUN
taxlaw-8367	111	21	or	or	CCONJ
taxlaw-8367	111	22	interest	interest	NOUN
taxlaw-8367	111	23	plus	plus	CCONJ
taxlaw-8367	111	24	insurance	insurance	NOUN
taxlaw-8367	111	25	as	as	ADP
taxlaw-8367	111	26	the	the	DET
taxlaw-8367	111	27	exclusive	exclusive	ADJ
taxlaw-8367	111	28	consideration	consideration	NOUN
taxlaw-8367	111	29	that	that	SCONJ
taxlaw-8367	111	30	the	the	DET
taxlaw-8367	111	31	borrower	borrower	NOUN
taxlaw-8367	111	32	pays	pay	VERB
taxlaw-8367	111	33	in	in	ADP
taxlaw-8367	111	34	a	a	DET
taxlaw-8367	111	35	standard	standard	ADJ
taxlaw-8367	111	36	loan	loan	NOUN
taxlaw-8367	111	37	.	.	PUNCT
taxlaw-8367	112	1	it	it	PRON
taxlaw-8367	112	2	then	then	ADV
taxlaw-8367	112	3	shows	show	VERB
taxlaw-8367	112	4	that	that	SCONJ
taxlaw-8367	112	5	the	the	DET
taxlaw-8367	112	6	loan	loan	NOUN
taxlaw-8367	112	7	-	-	PUNCT
taxlaw-8367	112	8	as	as	ADP
taxlaw-8367	112	9	-	-	PUNCT
taxlaw-8367	112	10	lease	lease	NOUN
taxlaw-8367	112	11	view	view	NOUN
taxlaw-8367	112	12	(	(	PUNCT
taxlaw-8367	112	13	lal	lal	PROPN
taxlaw-8367	112	14	)	)	PUNCT
taxlaw-8367	112	15	solves	solve	VERB
taxlaw-8367	112	16	the	the	DET
taxlaw-8367	112	17	problems	problem	NOUN
taxlaw-8367	112	18	raised	raise	VERB
taxlaw-8367	112	19	in	in	ADP
taxlaw-8367	112	20	part	part	PROPN
taxlaw-8367	112	21	ii	ii	PROPN
taxlaw-8367	112	22	.	.	PUNCT
taxlaw-8367	113	1	a	a	DET
taxlaw-8367	113	2	final	final	ADJ
taxlaw-8367	113	3	subpart	subpart	NOUN
taxlaw-8367	113	4	rebuts	rebut	NOUN
taxlaw-8367	113	5	the	the	DET
taxlaw-8367	113	6	argument	argument	NOUN
taxlaw-8367	113	7	that	that	SCONJ
taxlaw-8367	113	8	the	the	DET
taxlaw-8367	113	9	tax	tax	NOUN
taxlaw-8367	113	10	treatment	treatment	NOUN
taxlaw-8367	113	11	of	of	ADP
taxlaw-8367	113	12	loan	loan	NOUN
taxlaw-8367	113	13	proceeds	proceed	NOUN
taxlaw-8367	113	14	ought	ought	AUX
taxlaw-8367	113	15	to	to	PART
taxlaw-8367	113	16	hinge	hinge	VERB
taxlaw-8367	113	17	on	on	ADP
taxlaw-8367	113	18	whether	whether	SCONJ
taxlaw-8367	113	19	interest	interest	NOUN
taxlaw-8367	113	20	is	be	AUX
taxlaw-8367	113	21	deductible	deductible	ADJ
taxlaw-8367	113	22	;	;	PUNCT
taxlaw-8367	113	23	it	it	PRON
taxlaw-8367	113	24	shows	show	VERB
taxlaw-8367	113	25	that	that	SCONJ
taxlaw-8367	113	26	the	the	DET
taxlaw-8367	113	27	deductibility	deductibility	NOUN
taxlaw-8367	113	28	of	of	ADP
taxlaw-8367	113	29	interest	interest	NOUN
taxlaw-8367	113	30	has	have	VERB
taxlaw-8367	113	31	no	no	DET
taxlaw-8367	113	32	bearing	bearing	NOUN
taxlaw-8367	113	33	on	on	ADP
taxlaw-8367	113	34	the	the	DET
taxlaw-8367	113	35	tax	tax	NOUN
taxlaw-8367	113	36	treatment	treatment	NOUN
taxlaw-8367	113	37	of	of	ADP
taxlaw-8367	113	38	loan	loan	NOUN
taxlaw-8367	113	39	proceeds	proceed	NOUN
taxlaw-8367	113	40	under	under	ADP
taxlaw-8367	113	41	lal	lal	PROPN
taxlaw-8367	113	42	.	.	PUNCT
taxlaw-8367	114	1	part	part	NOUN
taxlaw-8367	114	2	iv	iv	NUM
taxlaw-8367	114	3	discusses	discuss	VERB
taxlaw-8367	114	4	the	the	DET
taxlaw-8367	114	5	tax	tax	NOUN
taxlaw-8367	114	6	treatment	treatment	NOUN
taxlaw-8367	114	7	of	of	ADP
taxlaw-8367	114	8	loans	loan	NOUN
taxlaw-8367	114	9	in	in	ADP
taxlaw-8367	114	10	the	the	DET
taxlaw-8367	114	11	partnership	partnership	NOUN
taxlaw-8367	114	12	setting	setting	NOUN
taxlaw-8367	114	13	,	,	PUNCT
taxlaw-8367	114	14	which	which	PRON
taxlaw-8367	114	15	is	be	AUX
taxlaw-8367	114	16	one	one	NUM
taxlaw-8367	114	17	area	area	NOUN
taxlaw-8367	114	18	in	in	ADP
taxlaw-8367	114	19	which	which	DET
taxlaw-8367	114	20	adoption	adoption	NOUN
taxlaw-8367	114	21	of	of	ADP
taxlaw-8367	114	22	lal	lal	PROPN
taxlaw-8367	114	23	would	would	AUX
taxlaw-8367	114	24	have	have	VERB
taxlaw-8367	114	25	significant	significant	ADJ
taxlaw-8367	114	26	ramifications	ramification	NOUN
taxlaw-8367	114	27	for	for	ADP
taxlaw-8367	114	28	current	current	ADJ
taxlaw-8367	114	29	law	law	NOUN
taxlaw-8367	114	30	.	.	PUNCT
taxlaw-8367	115	1	part	part	NOUN
taxlaw-8367	115	2	v	v	ADP
taxlaw-8367	115	3	briefly	briefly	NOUN
taxlaw-8367	115	4	discusses	discuss	VERB
taxlaw-8367	115	5	some	some	PRON
taxlaw-8367	115	6	of	of	ADP
taxlaw-8367	115	7	the	the	DET
taxlaw-8367	115	8	implications	implication	NOUN
taxlaw-8367	115	9	of	of	ADP
taxlaw-8367	115	10	lal	lal	PROPN
taxlaw-8367	115	11	for	for	ADP
taxlaw-8367	115	12	understanding	understand	VERB
taxlaw-8367	115	13	the	the	DET
taxlaw-8367	115	14	nature	nature	NOUN
taxlaw-8367	115	15	of	of	ADP
taxlaw-8367	115	16	and	and	CCONJ
taxlaw-8367	115	17	differences	difference	NOUN
taxlaw-8367	115	18	between	between	ADP
taxlaw-8367	115	19	income	income	NOUN
taxlaw-8367	115	20	and	and	CCONJ
taxlaw-8367	115	21	consumption	consumption	NOUN
taxlaw-8367	115	22	as	as	ADP
taxlaw-8367	115	23	tax	tax	NOUN
taxlaw-8367	115	24	bases	basis	NOUN
taxlaw-8367	115	25	.	.	PUNCT
taxlaw-8367	116	1	ii	ii	PROPN
taxlaw-8367	116	2	.	.	PUNCT
taxlaw-8367	117	1	the	the	DET
taxlaw-8367	117	2	loan	loan	NOUN
taxlaw-8367	117	3	transaction	transaction	NOUN
taxlaw-8367	117	4	:	:	PUNCT
taxlaw-8367	117	5	the	the	DET
taxlaw-8367	117	6	standard	standard	ADJ
taxlaw-8367	117	7	view	view	NOUN
taxlaw-8367	117	8	in	in	ADP
taxlaw-8367	117	9	the	the	DET
taxlaw-8367	117	10	simplest	simple	ADJ
taxlaw-8367	117	11	loan	loan	NOUN
taxlaw-8367	117	12	transaction	transaction	NOUN
taxlaw-8367	117	13	,	,	PUNCT
taxlaw-8367	117	14	the	the	DET
taxlaw-8367	117	15	borrower	borrower	NOUN
taxlaw-8367	117	16	receives	receive	VERB
taxlaw-8367	117	17	cash	cash	NOUN
taxlaw-8367	117	18	from	from	ADP
taxlaw-8367	117	19	the	the	DET
taxlaw-8367	117	20	lender	lender	NOUN
taxlaw-8367	117	21	in	in	ADP
taxlaw-8367	117	22	exchange	exchange	NOUN
taxlaw-8367	117	23	for	for	ADP
taxlaw-8367	117	24	promises	promise	NOUN
taxlaw-8367	117	25	to	to	PART
taxlaw-8367	117	26	pay	pay	VERB
taxlaw-8367	117	27	interest	interest	NOUN
taxlaw-8367	117	28	periodically	periodically	ADV
taxlaw-8367	117	29	at	at	ADP
taxlaw-8367	117	30	a	a	DET
taxlaw-8367	117	31	fixed	fix	VERB
taxlaw-8367	117	32	rate	rate	NOUN
taxlaw-8367	117	33	during	during	ADP
taxlaw-8367	117	34	the	the	DET
taxlaw-8367	117	35	loan	loan	NOUN
taxlaw-8367	117	36	term	term	NOUN
taxlaw-8367	117	37	,	,	PUNCT
taxlaw-8367	117	38	and	and	CCONJ
taxlaw-8367	117	39	to	to	PART
taxlaw-8367	117	40	pay	pay	VERB
taxlaw-8367	117	41	the	the	DET
taxlaw-8367	117	42	same	same	ADJ
taxlaw-8367	117	43	amount	amount	NOUN
taxlaw-8367	117	44	of	of	ADP
taxlaw-8367	117	45	cash	cash	NOUN
taxlaw-8367	117	46	back	back	ADV
taxlaw-8367	117	47	to	to	ADP
taxlaw-8367	117	48	the	the	DET
taxlaw-8367	117	49	lender	lender	NOUN
taxlaw-8367	117	50	at	at	ADP
taxlaw-8367	117	51	the	the	DET
taxlaw-8367	117	52	end	end	NOUN
taxlaw-8367	117	53	of	of	ADP
taxlaw-8367	117	54	the	the	DET
taxlaw-8367	117	55	term.20	term.20	PROPN
taxlaw-8367	117	56	the	the	DET
taxlaw-8367	117	57	tax	tax	NOUN
taxlaw-8367	117	58	law	law	NOUN
taxlaw-8367	117	59	generally	generally	ADV
taxlaw-8367	117	60	follows	follow	VERB
taxlaw-8367	117	61	this	this	DET
taxlaw-8367	117	62	characterization,21	characterization,21	NOUN
taxlaw-8367	117	63	which	which	PRON
taxlaw-8367	117	64	will	will	AUX
taxlaw-8367	117	65	be	be	AUX
taxlaw-8367	117	66	referred	refer	VERB
taxlaw-8367	117	67	to	to	ADP
taxlaw-8367	117	68	as	as	ADP
taxlaw-8367	117	69	the	the	DET
taxlaw-8367	117	70	“	"	PUNCT
taxlaw-8367	117	71	standard	standard	ADJ
taxlaw-8367	117	72	view	view	NOUN
taxlaw-8367	117	73	.	.	PUNCT
taxlaw-8367	117	74	”	"	PUNCT
taxlaw-8367	118	1	the	the	DET
taxlaw-8367	118	2	central	central	ADJ
taxlaw-8367	118	3	feature	feature	NOUN
taxlaw-8367	118	4	of	of	ADP
taxlaw-8367	118	5	the	the	DET
taxlaw-8367	118	6	standard	standard	ADJ
taxlaw-8367	118	7	view	view	NOUN
taxlaw-8367	118	8	is	be	AUX
taxlaw-8367	118	9	its	its	PRON
taxlaw-8367	118	10	conceptualization	conceptualization	NOUN
taxlaw-8367	118	11	of	of	ADP
taxlaw-8367	118	12	the	the	DET
taxlaw-8367	118	13	loan	loan	NOUN
taxlaw-8367	118	14	transaction	transaction	NOUN
taxlaw-8367	118	15	as	as	ADP
taxlaw-8367	118	16	the	the	DET
taxlaw-8367	118	17	exchange	exchange	NOUN
taxlaw-8367	118	18	of	of	ADP
taxlaw-8367	118	19	a	a	DET
taxlaw-8367	118	20	fee	fee	NOUN
taxlaw-8367	118	21	interest	interest	NOUN
taxlaw-8367	118	22	in	in	ADP
taxlaw-8367	118	23	cash	cash	NOUN
taxlaw-8367	118	24	on	on	ADP
taxlaw-8367	118	25	one	one	NUM
taxlaw-8367	118	26	hand	hand	NOUN
taxlaw-8367	118	27	for	for	ADP
taxlaw-8367	118	28	promises	promise	NOUN
taxlaw-8367	118	29	to	to	PART
taxlaw-8367	118	30	pay	pay	VERB
taxlaw-8367	118	31	interest	interest	NOUN
taxlaw-8367	118	32	and	and	CCONJ
taxlaw-8367	118	33	a	a	DET
taxlaw-8367	118	34	return	return	NOUN
taxlaw-8367	118	35	of	of	ADP
taxlaw-8367	118	36	the	the	DET
taxlaw-8367	118	37	fee	fee	NOUN
taxlaw-8367	118	38	on	on	ADP
taxlaw-8367	118	39	the	the	DET
taxlaw-8367	118	40	other	other	ADJ
taxlaw-8367	118	41	.	.	PUNCT
taxlaw-8367	119	1	a.	a.	NOUN
taxlaw-8367	119	2	tax	tax	NOUN
taxlaw-8367	119	3	law	law	NOUN
taxlaw-8367	119	4	characterization	characterization	NOUN
taxlaw-8367	119	5	of	of	ADP
taxlaw-8367	119	6	loans	loan	NOUN
taxlaw-8367	119	7	the	the	DET
taxlaw-8367	119	8	standard	standard	ADJ
taxlaw-8367	119	9	view	view	NOUN
taxlaw-8367	119	10	underlies	underlie	VERB
taxlaw-8367	119	11	the	the	DET
taxlaw-8367	119	12	analysis	analysis	NOUN
taxlaw-8367	119	13	of	of	ADP
taxlaw-8367	119	14	the	the	DET
taxlaw-8367	119	15	tax	tax	NOUN
taxlaw-8367	119	16	treatment	treatment	NOUN
taxlaw-8367	119	17	of	of	ADP
taxlaw-8367	119	18	the	the	DET
taxlaw-8367	119	19	loan	loan	NOUN
taxlaw-8367	119	20	transaction	transaction	NOUN
taxlaw-8367	119	21	,	,	PUNCT
taxlaw-8367	119	22	which	which	PRON
taxlaw-8367	119	23	has	have	AUX
taxlaw-8367	119	24	yielded	yield	VERB
taxlaw-8367	119	25	the	the	DET
taxlaw-8367	119	26	following	follow	VERB
taxlaw-8367	119	27	rules:22	rules:22	NOUN
taxlaw-8367	119	28	1	1	NUM
taxlaw-8367	119	29	.	.	PUNCT
taxlaw-8367	120	1	the	the	DET
taxlaw-8367	120	2	borrower	borrower	NOUN
taxlaw-8367	120	3	has	have	VERB
taxlaw-8367	120	4	no	no	DET
taxlaw-8367	120	5	income	income	NOUN
taxlaw-8367	120	6	on	on	ADP
taxlaw-8367	120	7	receipt	receipt	NOUN
taxlaw-8367	120	8	of	of	ADP
taxlaw-8367	120	9	the	the	DET
taxlaw-8367	120	10	loan	loan	NOUN
taxlaw-8367	120	11	proceeds	proceed	NOUN
taxlaw-8367	120	12	and	and	CCONJ
taxlaw-8367	120	13	no	no	DET
taxlaw-8367	120	14	deduction	deduction	NOUN
taxlaw-8367	120	15	on	on	ADP
taxlaw-8367	120	16	their	their	PRON
taxlaw-8367	120	17	repayment	repayment	NOUN
taxlaw-8367	120	18	.	.	PUNCT
taxlaw-8367	121	1	correlatively	correlatively	ADV
taxlaw-8367	121	2	,	,	PUNCT
taxlaw-8367	121	3	the	the	DET
taxlaw-8367	121	4	lender	lender	NOUN
taxlaw-8367	121	5	has	have	VERB
taxlaw-8367	121	6	no	no	DET
taxlaw-8367	121	7	deduction	deduction	NOUN
taxlaw-8367	121	8	and	and	CCONJ
taxlaw-8367	121	9	no	no	DET
taxlaw-8367	121	10	inclusion.23	inclusion.23	ADJ
taxlaw-8367	121	11	19	19	NUM
taxlaw-8367	121	12	these	these	DET
taxlaw-8367	121	13	rules	rule	NOUN
taxlaw-8367	121	14	are	be	AUX
taxlaw-8367	121	15	provided	provide	VERB
taxlaw-8367	121	16	in	in	ADP
taxlaw-8367	121	17	section	section	NOUN
taxlaw-8367	121	18	752	752	NUM
taxlaw-8367	121	19	and	and	CCONJ
taxlaw-8367	121	20	the	the	DET
taxlaw-8367	121	21	regulations	regulation	NOUN
taxlaw-8367	121	22	thereunder	thereunder	NOUN
taxlaw-8367	121	23	.	.	PUNCT
taxlaw-8367	122	1	partnership	partnership	NOUN
taxlaw-8367	122	2	loan	loan	NOUN
taxlaw-8367	122	3	accounting	accounting	NOUN
taxlaw-8367	122	4	is	be	AUX
taxlaw-8367	122	5	discussed	discuss	VERB
taxlaw-8367	122	6	in	in	ADP
taxlaw-8367	122	7	some	some	DET
taxlaw-8367	122	8	detail	detail	NOUN
taxlaw-8367	122	9	in	in	ADP
taxlaw-8367	122	10	infra	infra	NOUN
taxlaw-8367	122	11	part	part	NOUN
taxlaw-8367	122	12	iv	iv	NOUN
taxlaw-8367	122	13	.	.	PROPN
taxlaw-8367	122	14	20	20	NUM
taxlaw-8367	122	15	for	for	ADP
taxlaw-8367	122	16	a	a	DET
taxlaw-8367	122	17	definition	definition	NOUN
taxlaw-8367	122	18	of	of	ADP
taxlaw-8367	122	19	“	"	PUNCT
taxlaw-8367	122	20	loan	loan	NOUN
taxlaw-8367	122	21	,	,	PUNCT
taxlaw-8367	122	22	”	"	PUNCT
taxlaw-8367	122	23	see	see	NOUN
taxlaw-8367	122	24	,	,	PUNCT
taxlaw-8367	122	25	e.g.	e.g.	ADV
taxlaw-8367	122	26	,	,	PUNCT
taxlaw-8367	122	27	technicorp	technicorp	VERB
taxlaw-8367	122	28	int’l	int’l	NUM
taxlaw-8367	122	29	ii	ii	PROPN
taxlaw-8367	122	30	,	,	PUNCT
taxlaw-8367	122	31	inc	inc	PROPN
taxlaw-8367	122	32	.	.	PROPN
taxlaw-8367	122	33	,	,	PUNCT
taxlaw-8367	122	34	and	and	CCONJ
taxlaw-8367	122	35	statek	statek	PROPN
taxlaw-8367	122	36	corp	corp	PROPN
taxlaw-8367	122	37	.	.	PROPN
taxlaw-8367	123	1	v.	v.	PROPN
taxlaw-8367	123	2	johnston	johnston	PROPN
taxlaw-8367	123	3	,	,	PUNCT
taxlaw-8367	123	4	et	et	PROPN
taxlaw-8367	123	5	al	al	PROPN
taxlaw-8367	123	6	.	.	PROPN
taxlaw-8367	123	7	1997	1997	NUM
taxlaw-8367	123	8	wl	wl	PROPN
taxlaw-8367	123	9	538671	538671	NUM
taxlaw-8367	123	10	,	,	PUNCT
taxlaw-8367	123	11	*	*	SYM
taxlaw-8367	123	12	21	21	NUM
taxlaw-8367	123	13	(	(	PUNCT
taxlaw-8367	123	14	del	del	PROPN
taxlaw-8367	123	15	.	.	PROPN
taxlaw-8367	123	16	chancery	chancery	PROPN
taxlaw-8367	123	17	ct	ct	PROPN
taxlaw-8367	123	18	.	.	PROPN
taxlaw-8367	123	19	1997	1997	NUM
taxlaw-8367	123	20	)	)	PUNCT
taxlaw-8367	124	1	(	(	PUNCT
taxlaw-8367	124	2	“	"	PUNCT
taxlaw-8367	124	3	by	by	ADP
taxlaw-8367	124	4	definition	definition	NOUN
taxlaw-8367	124	5	a	a	DET
taxlaw-8367	124	6	loan	loan	NOUN
taxlaw-8367	124	7	is	be	AUX
taxlaw-8367	124	8	‘	'	PUNCT
taxlaw-8367	124	9	something	something	PRON
taxlaw-8367	124	10	lent	lend	VERB
taxlaw-8367	124	11	or	or	CCONJ
taxlaw-8367	124	12	furnished	furnish	VERB
taxlaw-8367	124	13	on	on	ADP
taxlaw-8367	124	14	condition	condition	NOUN
taxlaw-8367	124	15	of	of	ADP
taxlaw-8367	124	16	being	be	AUX
taxlaw-8367	124	17	returned	return	VERB
taxlaw-8367	124	18	,	,	PUNCT
taxlaw-8367	124	19	esp[ecially	esp[ecially	ADV
taxlaw-8367	124	20	]	]	PUNCT
taxlaw-8367	124	21	a	a	DET
taxlaw-8367	124	22	sum	sum	NOUN
taxlaw-8367	124	23	of	of	ADP
taxlaw-8367	124	24	money	money	NOUN
taxlaw-8367	124	25	lent	lend	VERB
taxlaw-8367	124	26	at	at	ADP
taxlaw-8367	124	27	interest	interest	NOUN
taxlaw-8367	124	28	.	.	PUNCT
taxlaw-8367	124	29	’	'	PUNCT
taxlaw-8367	124	30	”	"	PUNCT
taxlaw-8367	125	1	(	(	PUNCT
taxlaw-8367	125	2	citing	cite	VERB
taxlaw-8367	125	3	random	random	ADJ
taxlaw-8367	125	4	house	house	PROPN
taxlaw-8367	125	5	college	college	PROPN
taxlaw-8367	125	6	dictionary	dictionary	PROPN
taxlaw-8367	125	7	(	(	PUNCT
taxlaw-8367	125	8	1975	1975	NUM
taxlaw-8367	125	9	)	)	PUNCT
taxlaw-8367	125	10	(	(	PUNCT
taxlaw-8367	125	11	emphases	emphasis	NOUN
taxlaw-8367	125	12	and	and	CCONJ
taxlaw-8367	125	13	brackets	bracket	NOUN
taxlaw-8367	125	14	in	in	ADP
taxlaw-8367	125	15	court	court	NOUN
taxlaw-8367	125	16	opinion	opinion	NOUN
taxlaw-8367	125	17	)	)	PUNCT
taxlaw-8367	125	18	)	)	PUNCT
taxlaw-8367	125	19	.	.	PUNCT
taxlaw-8367	126	1	proposed	propose	VERB
taxlaw-8367	126	2	regulations	regulation	NOUN
taxlaw-8367	126	3	under	under	ADP
taxlaw-8367	126	4	section	section	NOUN
taxlaw-8367	126	5	7872	7872	NUM
taxlaw-8367	126	6	define	define	VERB
taxlaw-8367	126	7	a	a	DET
taxlaw-8367	126	8	loan	loan	NOUN
taxlaw-8367	126	9	to	to	PART
taxlaw-8367	126	10	include	include	VERB
taxlaw-8367	126	11	“	"	PUNCT
taxlaw-8367	126	12	any	any	DET
taxlaw-8367	126	13	transaction	transaction	NOUN
taxlaw-8367	126	14	under	under	ADP
taxlaw-8367	126	15	which	which	PRON
taxlaw-8367	126	16	the	the	DET
taxlaw-8367	126	17	owner	owner	NOUN
taxlaw-8367	126	18	of	of	ADP
taxlaw-8367	126	19	money	money	NOUN
taxlaw-8367	126	20	permits	permit	VERB
taxlaw-8367	126	21	another	another	DET
taxlaw-8367	126	22	person	person	NOUN
taxlaw-8367	126	23	to	to	PART
taxlaw-8367	126	24	use	use	VERB
taxlaw-8367	126	25	the	the	DET
taxlaw-8367	126	26	money	money	NOUN
taxlaw-8367	126	27	for	for	ADP
taxlaw-8367	126	28	a	a	DET
taxlaw-8367	126	29	period	period	NOUN
taxlaw-8367	126	30	of	of	ADP
taxlaw-8367	126	31	time	time	NOUN
taxlaw-8367	126	32	after	after	ADP
taxlaw-8367	126	33	which	which	PRON
taxlaw-8367	126	34	the	the	DET
taxlaw-8367	126	35	money	money	NOUN
taxlaw-8367	126	36	is	be	AUX
taxlaw-8367	126	37	to	to	PART
taxlaw-8367	126	38	be	be	AUX
taxlaw-8367	126	39	transferred	transfer	VERB
taxlaw-8367	126	40	to	to	ADP
taxlaw-8367	126	41	the	the	DET
taxlaw-8367	126	42	owner	owner	NOUN
taxlaw-8367	126	43	or	or	CCONJ
taxlaw-8367	126	44	applied	apply	VERB
taxlaw-8367	126	45	according	accord	VERB
taxlaw-8367	126	46	to	to	ADP
taxlaw-8367	126	47	an	an	DET
taxlaw-8367	126	48	express	express	ADJ
taxlaw-8367	126	49	or	or	CCONJ
taxlaw-8367	126	50	implied	imply	VERB
taxlaw-8367	126	51	agreement	agreement	NOUN
taxlaw-8367	126	52	with	with	ADP
taxlaw-8367	126	53	the	the	DET
taxlaw-8367	126	54	owner	owner	NOUN
taxlaw-8367	126	55	.	.	PUNCT
taxlaw-8367	126	56	”	"	PUNCT
taxlaw-8367	127	1	prop	prop	NOUN
taxlaw-8367	127	2	.	.	PUNCT
taxlaw-8367	128	1	reg	reg	NOUN
taxlaw-8367	128	2	.	.	PUNCT
taxlaw-8367	129	1	§	§	PROPN
taxlaw-8367	129	2	1.7872–2(a)(1	1.7872–2(a)(1	NUM
taxlaw-8367	129	3	)	)	PUNCT
taxlaw-8367	129	4	(	(	PUNCT
taxlaw-8367	129	5	1985	1985	NUM
taxlaw-8367	129	6	)	)	PUNCT
taxlaw-8367	129	7	.	.	PUNCT
taxlaw-8367	130	1	21	21	NUM
taxlaw-8367	130	2	bittker	bittker	PROPN
taxlaw-8367	130	3	&	&	CCONJ
taxlaw-8367	130	4	lokken	lokken	PROPN
taxlaw-8367	130	5	,	,	PUNCT
taxlaw-8367	130	6	supra	supra	PROPN
taxlaw-8367	130	7	note	note	PROPN
taxlaw-8367	130	8	3	3	NUM
taxlaw-8367	130	9	,	,	PUNCT
taxlaw-8367	130	10	¶	¶	NOUN
taxlaw-8367	130	11	7.1	7.1	NUM
taxlaw-8367	130	12	.	.	PUNCT
taxlaw-8367	131	1	22	22	NUM
taxlaw-8367	132	1	i	i	PRON
taxlaw-8367	132	2	d.	d.	PROPN
taxlaw-8367	132	3	23	23	NUM
taxlaw-8367	132	4	the	the	DET
taxlaw-8367	132	5	rule	rule	NOUN
taxlaw-8367	132	6	applies	apply	VERB
taxlaw-8367	132	7	only	only	ADV
taxlaw-8367	132	8	to	to	ADP
taxlaw-8367	132	9	the	the	DET
taxlaw-8367	132	10	loan	loan	NOUN
taxlaw-8367	132	11	proceeds	proceed	VERB
taxlaw-8367	132	12	themselves	themselves	PRON
taxlaw-8367	132	13	,	,	PUNCT
taxlaw-8367	132	14	not	not	PART
taxlaw-8367	132	15	to	to	PART
taxlaw-8367	132	16	interest	interest	NOUN
taxlaw-8367	132	17	or	or	CCONJ
taxlaw-8367	132	18	other	other	ADJ
taxlaw-8367	132	19	costs	cost	NOUN
taxlaw-8367	132	20	incurred	incur	VERB
taxlaw-8367	132	21	in	in	ADP
taxlaw-8367	132	22	connection	connection	NOUN
taxlaw-8367	132	23	with	with	ADP
taxlaw-8367	132	24	the	the	DET
taxlaw-8367	132	25	borrowing	borrowing	NOUN
taxlaw-8367	132	26	,	,	PUNCT
taxlaw-8367	132	27	which	which	PRON
taxlaw-8367	132	28	may	may	AUX
taxlaw-8367	132	29	be	be	AUX
taxlaw-8367	132	30	deductible	deductible	ADJ
taxlaw-8367	132	31	in	in	ADP
taxlaw-8367	132	32	full	full	ADJ
taxlaw-8367	132	33	or	or	CCONJ
taxlaw-8367	132	34	part	part	NOUN
taxlaw-8367	132	35	by	by	ADP
taxlaw-8367	132	36	the	the	DET
taxlaw-8367	132	37	borrower	borrower	NOUN
taxlaw-8367	132	38	and	and	CCONJ
taxlaw-8367	132	39	are	be	AUX
taxlaw-8367	132	40	almost	almost	ADV
taxlaw-8367	132	41	always	always	ADV
taxlaw-8367	132	42	94	94	NUM
taxlaw-8367	132	43	columbia	columbia	PROPN
taxlaw-8367	132	44	journal	journal	PROPN
taxlaw-8367	132	45	of	of	ADP
taxlaw-8367	132	46	tax	tax	NOUN
taxlaw-8367	132	47	law	law	NOUN
taxlaw-8367	132	48	[	[	X
taxlaw-8367	132	49	vol	vol	NOUN
taxlaw-8367	132	50	.	.	PROPN
taxlaw-8367	133	1	12:89	12:89	NUM
taxlaw-8367	133	2	2	2	NUM
taxlaw-8367	133	3	.	.	PUNCT
taxlaw-8367	134	1	the	the	DET
taxlaw-8367	134	2	borrower	borrower	NOUN
taxlaw-8367	134	3	has	have	VERB
taxlaw-8367	134	4	full	full	ADJ
taxlaw-8367	134	5	basis	basis	NOUN
taxlaw-8367	134	6	credit	credit	NOUN
taxlaw-8367	134	7	in	in	ADP
taxlaw-8367	134	8	the	the	DET
taxlaw-8367	134	9	loan	loan	NOUN
taxlaw-8367	134	10	proceeds	proceed	NOUN
taxlaw-8367	134	11	(	(	PUNCT
taxlaw-8367	134	12	and	and	CCONJ
taxlaw-8367	134	13	the	the	DET
taxlaw-8367	134	14	lender	lender	NOUN
taxlaw-8367	134	15	has	have	VERB
taxlaw-8367	134	16	full	full	ADJ
taxlaw-8367	134	17	basis	basis	NOUN
taxlaw-8367	134	18	in	in	ADP
taxlaw-8367	134	19	the	the	DET
taxlaw-8367	134	20	note	note	NOUN
taxlaw-8367	134	21	purchased	purchase	VERB
taxlaw-8367	134	22	with	with	ADP
taxlaw-8367	134	23	the	the	DET
taxlaw-8367	134	24	loan	loan	NOUN
taxlaw-8367	134	25	proceeds	proceed	NOUN
taxlaw-8367	134	26	)	)	PUNCT
taxlaw-8367	134	27	,	,	PUNCT
taxlaw-8367	134	28	meaning	mean	VERB
taxlaw-8367	134	29	in	in	ADP
taxlaw-8367	134	30	the	the	DET
taxlaw-8367	134	31	case	case	NOUN
taxlaw-8367	134	32	of	of	ADP
taxlaw-8367	134	33	the	the	DET
taxlaw-8367	134	34	borrower	borrower	NOUN
taxlaw-8367	134	35	that	that	PRON
taxlaw-8367	134	36	the	the	DET
taxlaw-8367	134	37	use	use	NOUN
taxlaw-8367	134	38	of	of	ADP
taxlaw-8367	134	39	loan	loan	NOUN
taxlaw-8367	134	40	proceeds	proceed	NOUN
taxlaw-8367	134	41	provides	provide	VERB
taxlaw-8367	134	42	the	the	DET
taxlaw-8367	134	43	borrower	borrower	NOUN
taxlaw-8367	134	44	with	with	ADP
taxlaw-8367	134	45	a	a	DET
taxlaw-8367	134	46	cost	cost	NOUN
taxlaw-8367	134	47	basis	basis	NOUN
taxlaw-8367	134	48	in	in	ADP
taxlaw-8367	134	49	purchased	purchase	VERB
taxlaw-8367	134	50	property	property	NOUN
taxlaw-8367	134	51	even	even	ADV
taxlaw-8367	134	52	though	though	SCONJ
taxlaw-8367	134	53	no	no	DET
taxlaw-8367	134	54	tax	tax	NOUN
taxlaw-8367	134	55	is	be	AUX
taxlaw-8367	134	56	due	due	ADJ
taxlaw-8367	134	57	on	on	ADP
taxlaw-8367	134	58	that	that	DET
taxlaw-8367	134	59	purchase	purchase	NOUN
taxlaw-8367	134	60	.	.	PUNCT
taxlaw-8367	135	1	the	the	DET
taxlaw-8367	135	2	lender	lender	NOUN
taxlaw-8367	135	3	similarly	similarly	ADV
taxlaw-8367	135	4	applies	apply	VERB
taxlaw-8367	135	5	basis	basis	NOUN
taxlaw-8367	135	6	to	to	PART
taxlaw-8367	135	7	offset	offset	VERB
taxlaw-8367	135	8	the	the	DET
taxlaw-8367	135	9	amount	amount	NOUN
taxlaw-8367	135	10	received	receive	VERB
taxlaw-8367	135	11	if	if	SCONJ
taxlaw-8367	135	12	she	she	PRON
taxlaw-8367	135	13	disposes	dispose	VERB
taxlaw-8367	135	14	of	of	ADP
taxlaw-8367	135	15	the	the	DET
taxlaw-8367	135	16	note	note	NOUN
taxlaw-8367	135	17	.	.	PUNCT
taxlaw-8367	136	1	3	3	X
taxlaw-8367	136	2	.	.	X
taxlaw-8367	136	3	cancellation	cancellation	NOUN
taxlaw-8367	136	4	of	of	ADP
taxlaw-8367	136	5	the	the	DET
taxlaw-8367	136	6	loan	loan	NOUN
taxlaw-8367	136	7	because	because	SCONJ
taxlaw-8367	136	8	it	it	PRON
taxlaw-8367	136	9	is	be	AUX
taxlaw-8367	136	10	uncollectible	uncollectible	ADJ
taxlaw-8367	136	11	is	be	AUX
taxlaw-8367	136	12	a	a	DET
taxlaw-8367	136	13	taxable	taxable	ADJ
taxlaw-8367	136	14	event	event	NOUN
taxlaw-8367	136	15	to	to	ADP
taxlaw-8367	136	16	the	the	DET
taxlaw-8367	136	17	borrower	borrower	NOUN
taxlaw-8367	136	18	and	and	CCONJ
taxlaw-8367	136	19	(	(	PUNCT
taxlaw-8367	136	20	typically	typically	ADV
taxlaw-8367	136	21	)	)	PUNCT
taxlaw-8367	136	22	generates	generate	VERB
taxlaw-8367	136	23	a	a	DET
taxlaw-8367	136	24	bad	bad	ADJ
taxlaw-8367	136	25	debt	debt	NOUN
taxlaw-8367	136	26	deduction	deduction	NOUN
taxlaw-8367	136	27	to	to	ADP
taxlaw-8367	136	28	the	the	DET
taxlaw-8367	136	29	lender	lender	NOUN
taxlaw-8367	136	30	equal	equal	ADJ
taxlaw-8367	136	31	in	in	ADP
taxlaw-8367	136	32	amount	amount	NOUN
taxlaw-8367	136	33	to	to	ADP
taxlaw-8367	136	34	the	the	DET
taxlaw-8367	136	35	debt	debt	NOUN
taxlaw-8367	136	36	forgiven.24	forgiven.24	NOUN
taxlaw-8367	136	37	the	the	DET
taxlaw-8367	136	38	treatment	treatment	NOUN
taxlaw-8367	136	39	of	of	ADP
taxlaw-8367	136	40	the	the	DET
taxlaw-8367	136	41	taxable	taxable	ADJ
taxlaw-8367	136	42	event	event	NOUN
taxlaw-8367	136	43	depends	depend	VERB
taxlaw-8367	136	44	on	on	ADP
taxlaw-8367	136	45	whether	whether	SCONJ
taxlaw-8367	136	46	or	or	CCONJ
taxlaw-8367	136	47	not	not	PART
taxlaw-8367	136	48	the	the	DET
taxlaw-8367	136	49	debt	debt	NOUN
taxlaw-8367	136	50	was	be	AUX
taxlaw-8367	136	51	recourse	recourse	NOUN
taxlaw-8367	136	52	or	or	CCONJ
taxlaw-8367	136	53	nonrecourse	nonrecourse	NOUN
taxlaw-8367	136	54	:	:	PUNCT
taxlaw-8367	136	55	a.	a.	NOUN
taxlaw-8367	136	56	in	in	ADP
taxlaw-8367	136	57	the	the	DET
taxlaw-8367	136	58	case	case	NOUN
taxlaw-8367	136	59	of	of	ADP
taxlaw-8367	136	60	“	"	PUNCT
taxlaw-8367	136	61	recourse	recourse	NOUN
taxlaw-8367	136	62	”	"	PUNCT
taxlaw-8367	136	63	debt	debt	NOUN
taxlaw-8367	136	64	,	,	PUNCT
taxlaw-8367	136	65	the	the	DET
taxlaw-8367	136	66	borrower	borrower	NOUN
taxlaw-8367	136	67	’s	’s	PART
taxlaw-8367	136	68	inclusion	inclusion	NOUN
taxlaw-8367	136	69	is	be	AUX
taxlaw-8367	136	70	treated	treat	VERB
taxlaw-8367	136	71	as	as	ADP
taxlaw-8367	136	72	ordinary	ordinary	ADJ
taxlaw-8367	136	73	income	income	NOUN
taxlaw-8367	136	74	resulting	result	VERB
taxlaw-8367	136	75	from	from	ADP
taxlaw-8367	136	76	doi.25	doi.25	PROPN
taxlaw-8367	136	77	b.	b.	PROPN
taxlaw-8367	136	78	in	in	ADP
taxlaw-8367	136	79	the	the	DET
taxlaw-8367	136	80	case	case	NOUN
taxlaw-8367	136	81	of	of	ADP
taxlaw-8367	136	82	“	"	PUNCT
taxlaw-8367	136	83	nonrecourse	nonrecourse	ADJ
taxlaw-8367	136	84	”	"	PUNCT
taxlaw-8367	136	85	debt	debt	NOUN
taxlaw-8367	136	86	,	,	PUNCT
taxlaw-8367	136	87	any	any	DET
taxlaw-8367	136	88	inclusion	inclusion	NOUN
taxlaw-8367	136	89	or	or	CCONJ
taxlaw-8367	136	90	deduction	deduction	NOUN
taxlaw-8367	136	91	for	for	ADP
taxlaw-8367	136	92	the	the	DET
taxlaw-8367	136	93	borrower	borrower	NOUN
taxlaw-8367	136	94	is	be	AUX
taxlaw-8367	136	95	treated	treat	VERB
taxlaw-8367	136	96	as	as	ADP
taxlaw-8367	136	97	resulting	result	VERB
taxlaw-8367	136	98	from	from	ADP
taxlaw-8367	136	99	the	the	DET
taxlaw-8367	136	100	sale	sale	NOUN
taxlaw-8367	136	101	or	or	CCONJ
taxlaw-8367	136	102	exchange	exchange	NOUN
taxlaw-8367	136	103	of	of	ADP
taxlaw-8367	136	104	property	property	NOUN
taxlaw-8367	136	105	if	if	SCONJ
taxlaw-8367	136	106	the	the	DET
taxlaw-8367	136	107	debtor	debtor	NOUN
taxlaw-8367	136	108	uses	use	VERB
taxlaw-8367	136	109	the	the	DET
taxlaw-8367	136	110	property	property	NOUN
taxlaw-8367	136	111	to	to	PART
taxlaw-8367	136	112	satisfy	satisfy	VERB
taxlaw-8367	136	113	the	the	DET
taxlaw-8367	136	114	loan	loan	NOUN
taxlaw-8367	136	115	.	.	PUNCT
taxlaw-8367	137	1	26	26	NUM
taxlaw-8367	137	2	otherwise	otherwise	ADV
taxlaw-8367	137	3	,	,	PUNCT
taxlaw-8367	137	4	the	the	DET
taxlaw-8367	137	5	cancellation	cancellation	NOUN
taxlaw-8367	137	6	is	be	AUX
taxlaw-8367	137	7	treated	treat	VERB
taxlaw-8367	137	8	the	the	DET
taxlaw-8367	137	9	same	same	ADJ
taxlaw-8367	137	10	as	as	ADP
taxlaw-8367	137	11	a	a	DET
taxlaw-8367	137	12	cancellation	cancellation	NOUN
taxlaw-8367	137	13	of	of	ADP
taxlaw-8367	137	14	recourse	recourse	NOUN
taxlaw-8367	137	15	debt.27	debt.27	INTJ
taxlaw-8367	137	16	nearly	nearly	ADV
taxlaw-8367	137	17	all	all	DET
taxlaw-8367	137	18	commentators	commentator	NOUN
taxlaw-8367	137	19	agree	agree	VERB
taxlaw-8367	137	20	with	with	ADP
taxlaw-8367	137	21	the	the	DET
taxlaw-8367	137	22	standard	standard	ADJ
taxlaw-8367	137	23	view	view	NOUN
taxlaw-8367	137	24	,	,	PUNCT
taxlaw-8367	137	25	but	but	CCONJ
taxlaw-8367	137	26	many	many	ADJ
taxlaw-8367	137	27	disagree	disagree	VERB
taxlaw-8367	137	28	that	that	SCONJ
taxlaw-8367	137	29	the	the	DET
taxlaw-8367	137	30	resulting	result	VERB
taxlaw-8367	137	31	three	three	NUM
taxlaw-8367	137	32	propositions	proposition	NOUN
taxlaw-8367	137	33	are	be	AUX
taxlaw-8367	137	34	correct	correct	ADJ
taxlaw-8367	137	35	as	as	ADP
taxlaw-8367	137	36	a	a	DET
taxlaw-8367	137	37	matter	matter	NOUN
taxlaw-8367	137	38	of	of	ADP
taxlaw-8367	137	39	income	income	NOUN
taxlaw-8367	137	40	taxation	taxation	NOUN
taxlaw-8367	137	41	—	—	PUNCT
taxlaw-8367	137	42	at	at	ADP
taxlaw-8367	137	43	least	least	ADJ
taxlaw-8367	137	44	in	in	ADP
taxlaw-8367	137	45	its	its	PRON
taxlaw-8367	137	46	ideal	ideal	ADJ
taxlaw-8367	137	47	form	form	NOUN
taxlaw-8367	137	48	.	.	PUNCT
taxlaw-8367	138	1	as	as	SCONJ
taxlaw-8367	138	2	it	it	PRON
taxlaw-8367	138	3	happens	happen	VERB
taxlaw-8367	138	4	,	,	PUNCT
taxlaw-8367	138	5	the	the	DET
taxlaw-8367	138	6	propositions	proposition	NOUN
taxlaw-8367	138	7	are	be	AUX
taxlaw-8367	138	8	mostly	mostly	ADV
taxlaw-8367	138	9	right	right	ADJ
taxlaw-8367	138	10	,	,	PUNCT
taxlaw-8367	138	11	but	but	CCONJ
taxlaw-8367	138	12	they	they	PRON
taxlaw-8367	138	13	are	be	AUX
taxlaw-8367	138	14	understood	understand	VERB
taxlaw-8367	138	15	as	as	ADP
taxlaw-8367	138	16	right	right	ADJ
taxlaw-8367	138	17	for	for	ADP
taxlaw-8367	138	18	reasons	reason	NOUN
taxlaw-8367	138	19	that	that	PRON
taxlaw-8367	138	20	are	be	AUX
taxlaw-8367	138	21	vulnerable	vulnerable	ADJ
taxlaw-8367	138	22	to	to	ADP
taxlaw-8367	138	23	criticism	criticism	NOUN
taxlaw-8367	138	24	(	(	PUNCT
taxlaw-8367	138	25	and	and	CCONJ
taxlaw-8367	138	26	confusion	confusion	NOUN
taxlaw-8367	138	27	)	)	PUNCT
taxlaw-8367	138	28	because	because	SCONJ
taxlaw-8367	138	29	the	the	DET
taxlaw-8367	138	30	conceptualization	conceptualization	NOUN
taxlaw-8367	138	31	of	of	ADP
taxlaw-8367	138	32	the	the	DET
taxlaw-8367	138	33	debt	debt	NOUN
taxlaw-8367	138	34	transaction	transaction	NOUN
taxlaw-8367	138	35	to	to	PART
taxlaw-8367	138	36	which	which	PRON
taxlaw-8367	138	37	they	they	PRON
taxlaw-8367	138	38	apply	apply	VERB
taxlaw-8367	138	39	—	—	PUNCT
taxlaw-8367	138	40	that	that	ADV
taxlaw-8367	138	41	is	is	ADV
taxlaw-8367	138	42	,	,	PUNCT
taxlaw-8367	138	43	the	the	DET
taxlaw-8367	138	44	standard	standard	ADJ
taxlaw-8367	138	45	view	view	NOUN
taxlaw-8367	138	46	—	—	PUNCT
taxlaw-8367	138	47	is	be	AUX
taxlaw-8367	138	48	wrong	wrong	ADJ
taxlaw-8367	138	49	.	.	PUNCT
taxlaw-8367	139	1	the	the	DET
taxlaw-8367	139	2	voluminous	voluminous	ADJ
taxlaw-8367	139	3	commentary	commentary	NOUN
taxlaw-8367	139	4	on	on	ADP
taxlaw-8367	139	5	how	how	SCONJ
taxlaw-8367	139	6	debt	debt	NOUN
taxlaw-8367	139	7	“	"	PUNCT
taxlaw-8367	139	8	should	should	AUX
taxlaw-8367	139	9	”	"	PUNCT
taxlaw-8367	139	10	be	be	AUX
taxlaw-8367	139	11	taxed	tax	VERB
taxlaw-8367	139	12	under	under	ADP
taxlaw-8367	139	13	a	a	DET
taxlaw-8367	139	14	normative	normative	ADJ
taxlaw-8367	139	15	income	income	NOUN
taxlaw-8367	139	16	tax	tax	NOUN
taxlaw-8367	139	17	attests	attest	VERB
taxlaw-8367	139	18	to	to	ADP
taxlaw-8367	139	19	the	the	DET
taxlaw-8367	139	20	vulnerability	vulnerability	NOUN
taxlaw-8367	139	21	.	.	PUNCT
taxlaw-8367	140	1	the	the	DET
taxlaw-8367	140	2	rest	rest	NOUN
taxlaw-8367	140	3	of	of	ADP
taxlaw-8367	140	4	this	this	DET
taxlaw-8367	140	5	part	part	NOUN
taxlaw-8367	140	6	illustrates	illustrate	VERB
taxlaw-8367	140	7	the	the	DET
taxlaw-8367	140	8	point	point	NOUN
taxlaw-8367	140	9	through	through	ADP
taxlaw-8367	140	10	an	an	DET
taxlaw-8367	140	11	exploration	exploration	NOUN
taxlaw-8367	140	12	of	of	ADP
taxlaw-8367	140	13	some	some	PRON
taxlaw-8367	140	14	of	of	ADP
taxlaw-8367	140	15	the	the	DET
taxlaw-8367	140	16	controversies	controversy	NOUN
taxlaw-8367	140	17	that	that	PRON
taxlaw-8367	140	18	have	have	AUX
taxlaw-8367	140	19	arisen	arise	VERB
taxlaw-8367	140	20	regarding	regard	VERB
taxlaw-8367	140	21	the	the	DET
taxlaw-8367	140	22	tax	tax	NOUN
taxlaw-8367	140	23	treatment	treatment	NOUN
taxlaw-8367	140	24	of	of	ADP
taxlaw-8367	140	25	loan	loan	NOUN
taxlaw-8367	140	26	transactions	transaction	NOUN
taxlaw-8367	140	27	under	under	ADP
taxlaw-8367	140	28	the	the	DET
taxlaw-8367	140	29	standard	standard	ADJ
taxlaw-8367	140	30	view	view	NOUN
taxlaw-8367	140	31	,	,	PUNCT
taxlaw-8367	140	32	as	as	ADV
taxlaw-8367	140	33	well	well	ADV
taxlaw-8367	140	34	as	as	ADP
taxlaw-8367	140	35	the	the	DET
taxlaw-8367	140	36	basic	basic	ADJ
taxlaw-8367	140	37	arguments	argument	NOUN
taxlaw-8367	140	38	for	for	ADP
taxlaw-8367	140	39	and	and	CCONJ
taxlaw-8367	140	40	against	against	ADP
taxlaw-8367	140	41	that	that	DET
taxlaw-8367	140	42	treatment	treatment	NOUN
taxlaw-8367	140	43	that	that	PRON
taxlaw-8367	140	44	commentators	commentator	NOUN
taxlaw-8367	140	45	have	have	AUX
taxlaw-8367	140	46	raised	raise	VERB
taxlaw-8367	140	47	.	.	PUNCT
taxlaw-8367	141	1	as	as	SCONJ
taxlaw-8367	141	2	will	will	AUX
taxlaw-8367	141	3	become	become	VERB
taxlaw-8367	141	4	evident	evident	ADJ
taxlaw-8367	141	5	,	,	PUNCT
taxlaw-8367	141	6	the	the	DET
taxlaw-8367	141	7	standard	standard	ADJ
taxlaw-8367	141	8	view	view	NOUN
taxlaw-8367	141	9	does	do	AUX
taxlaw-8367	141	10	not	not	PART
taxlaw-8367	141	11	unambiguously	unambiguously	ADV
taxlaw-8367	141	12	support	support	VERB
taxlaw-8367	141	13	the	the	DET
taxlaw-8367	141	14	tax	tax	NOUN
taxlaw-8367	141	15	rules	rule	NOUN
taxlaw-8367	141	16	that	that	PRON
taxlaw-8367	141	17	have	have	AUX
taxlaw-8367	141	18	long	long	ADV
taxlaw-8367	141	19	been	be	AUX
taxlaw-8367	141	20	in	in	ADP
taxlaw-8367	141	21	effect	effect	NOUN
taxlaw-8367	141	22	.	.	PUNCT
taxlaw-8367	142	1	b.	b.	PROPN
taxlaw-8367	142	2	proposition	proposition	NOUN
taxlaw-8367	142	3	1	1	NUM
taxlaw-8367	142	4	:	:	PUNCT
taxlaw-8367	142	5	the	the	DET
taxlaw-8367	142	6	extension	extension	NOUN
taxlaw-8367	142	7	of	of	ADP
taxlaw-8367	142	8	the	the	DET
taxlaw-8367	142	9	loan	loan	NOUN
taxlaw-8367	142	10	has	have	VERB
taxlaw-8367	142	11	no	no	DET
taxlaw-8367	142	12	tax	tax	NOUN
taxlaw-8367	142	13	consequences	consequence	NOUN
taxlaw-8367	142	14	the	the	DET
taxlaw-8367	142	15	starting	starting	NOUN
taxlaw-8367	142	16	point	point	NOUN
taxlaw-8367	142	17	for	for	ADP
taxlaw-8367	142	18	an	an	DET
taxlaw-8367	142	19	analysis	analysis	NOUN
taxlaw-8367	142	20	of	of	ADP
taxlaw-8367	142	21	the	the	DET
taxlaw-8367	142	22	proper	proper	ADJ
taxlaw-8367	142	23	treatment	treatment	NOUN
taxlaw-8367	142	24	of	of	ADP
taxlaw-8367	142	25	the	the	DET
taxlaw-8367	142	26	transfer	transfer	NOUN
taxlaw-8367	142	27	of	of	ADP
taxlaw-8367	142	28	loan	loan	NOUN
taxlaw-8367	142	29	proceeds	proceed	NOUN
taxlaw-8367	142	30	under	under	ADP
taxlaw-8367	142	31	an	an	DET
taxlaw-8367	142	32	ideal	ideal	NOUN
taxlaw-8367	142	33	,	,	PUNCT
taxlaw-8367	142	34	or	or	CCONJ
taxlaw-8367	142	35	normative	normative	ADJ
taxlaw-8367	142	36	,	,	PUNCT
taxlaw-8367	142	37	income	income	NOUN
taxlaw-8367	142	38	tax	tax	NOUN
taxlaw-8367	142	39	is	be	AUX
taxlaw-8367	142	40	the	the	DET
taxlaw-8367	142	41	definition	definition	NOUN
taxlaw-8367	142	42	of	of	ADP
taxlaw-8367	142	43	income	income	NOUN
taxlaw-8367	142	44	.	.	PUNCT
taxlaw-8367	143	1	a	a	DET
taxlaw-8367	143	2	normative	normative	ADJ
taxlaw-8367	143	3	income	income	NOUN
taxlaw-8367	143	4	tax	tax	NOUN
taxlaw-8367	143	5	is	be	AUX
taxlaw-8367	143	6	generally	generally	ADV
taxlaw-8367	143	7	understood	understand	VERB
taxlaw-8367	143	8	to	to	PART
taxlaw-8367	143	9	impose	impose	VERB
taxlaw-8367	143	10	a	a	DET
taxlaw-8367	143	11	burden	burden	NOUN
taxlaw-8367	143	12	on	on	ADP
taxlaw-8367	143	13	“	"	PUNCT
taxlaw-8367	143	14	accessions	accession	NOUN
taxlaw-8367	143	15	to	to	ADP
taxlaw-8367	143	16	wealth	wealth	NOUN
taxlaw-8367	143	17	”	"	PUNCT
taxlaw-8367	143	18	during	during	ADP
taxlaw-8367	143	19	the	the	DET
taxlaw-8367	143	20	taxable	taxable	ADJ
taxlaw-8367	143	21	period	period	NOUN
taxlaw-8367	143	22	.	.	PUNCT
taxlaw-8367	144	1	the	the	DET
taxlaw-8367	144	2	canonical	canonical	ADJ
taxlaw-8367	144	3	formulation	formulation	NOUN
taxlaw-8367	144	4	is	be	AUX
taxlaw-8367	144	5	the	the	DET
taxlaw-8367	144	6	so	so	ADV
taxlaw-8367	144	7	-	-	PUNCT
taxlaw-8367	144	8	called	call	VERB
taxlaw-8367	144	9	haig	haig	PROPN
taxlaw-8367	144	10	-	-	PUNCT
taxlaw-8367	144	11	simons	simon	NOUN
taxlaw-8367	144	12	(	(	PUNCT
taxlaw-8367	144	13	h	h	NOUN
taxlaw-8367	144	14	-	-	PUNCT
taxlaw-8367	144	15	s	s	NOUN
taxlaw-8367	144	16	)	)	PUNCT
taxlaw-8367	144	17	definition	definition	NOUN
taxlaw-8367	144	18	:	:	PUNCT
taxlaw-8367	144	19	“	"	PUNCT
taxlaw-8367	144	20	personal	personal	ADJ
taxlaw-8367	144	21	income	income	NOUN
taxlaw-8367	144	22	may	may	AUX
taxlaw-8367	144	23	be	be	AUX
taxlaw-8367	144	24	defined	define	VERB
taxlaw-8367	144	25	as	as	ADP
taxlaw-8367	144	26	the	the	DET
taxlaw-8367	144	27	algebraic	algebraic	ADJ
taxlaw-8367	144	28	sum	sum	NOUN
taxlaw-8367	144	29	of	of	ADP
taxlaw-8367	144	30	(	(	PUNCT
taxlaw-8367	144	31	1	1	X
taxlaw-8367	144	32	)	)	PUNCT
taxlaw-8367	144	33	the	the	DET
taxlaw-8367	144	34	market	market	NOUN
taxlaw-8367	144	35	value	value	NOUN
taxlaw-8367	144	36	of	of	ADP
taxlaw-8367	144	37	rights	right	NOUN
taxlaw-8367	144	38	exercised	exercise	VERB
taxlaw-8367	144	39	in	in	ADP
taxlaw-8367	144	40	consumption	consumption	NOUN
taxlaw-8367	144	41	and	and	CCONJ
taxlaw-8367	144	42	(	(	PUNCT
taxlaw-8367	144	43	2	2	X
taxlaw-8367	144	44	)	)	PUNCT
taxlaw-8367	144	45	the	the	DET
taxlaw-8367	144	46	change	change	NOUN
taxlaw-8367	144	47	in	in	ADP
taxlaw-8367	144	48	the	the	DET
taxlaw-8367	144	49	value	value	NOUN
taxlaw-8367	144	50	of	of	ADP
taxlaw-8367	144	51	the	the	DET
taxlaw-8367	144	52	store	store	NOUN
taxlaw-8367	144	53	of	of	ADP
taxlaw-8367	144	54	property	property	NOUN
taxlaw-8367	144	55	rights	right	NOUN
taxlaw-8367	144	56	between	between	ADP
taxlaw-8367	144	57	the	the	DET
taxlaw-8367	144	58	beginning	beginning	NOUN
taxlaw-8367	144	59	and	and	CCONJ
taxlaw-8367	144	60	end	end	NOUN
taxlaw-8367	144	61	of	of	ADP
taxlaw-8367	144	62	the	the	DET
taxlaw-8367	144	63	period	period	NOUN
taxlaw-8367	144	64	in	in	ADP
taxlaw-8367	144	65	question	question	NOUN
taxlaw-8367	144	66	.	.	PUNCT
taxlaw-8367	145	1	”28	”28	NOUN
taxlaw-8367	145	2	includible	includible	NOUN
taxlaw-8367	145	3	by	by	ADP
taxlaw-8367	145	4	the	the	DET
taxlaw-8367	145	5	lender	lender	NOUN
taxlaw-8367	145	6	.	.	PUNCT
taxlaw-8367	146	1	see	see	VERB
taxlaw-8367	146	2	i.r.c	i.r.c	NOUN
taxlaw-8367	146	3	.	.	PUNCT
taxlaw-8367	147	1	§	§	PROPN
taxlaw-8367	147	2	163	163	NUM
taxlaw-8367	147	3	(	(	PUNCT
taxlaw-8367	147	4	deduction	deduction	NOUN
taxlaw-8367	147	5	for	for	ADP
taxlaw-8367	147	6	interest	interest	NOUN
taxlaw-8367	147	7	expense	expense	NOUN
taxlaw-8367	147	8	,	,	PUNCT
taxlaw-8367	147	9	subject	subject	ADJ
taxlaw-8367	147	10	to	to	ADP
taxlaw-8367	147	11	limitations	limitation	NOUN
taxlaw-8367	147	12	)	)	PUNCT
taxlaw-8367	147	13	;	;	PUNCT
taxlaw-8367	147	14	i.r.c	i.r.c	NOUN
taxlaw-8367	147	15	.	.	PUNCT
taxlaw-8367	148	1	§	§	PROPN
taxlaw-8367	148	2	61(a)(4	61(a)(4	NUM
taxlaw-8367	148	3	)	)	PUNCT
taxlaw-8367	148	4	(	(	PUNCT
taxlaw-8367	148	5	interest	interest	NOUN
taxlaw-8367	148	6	is	be	AUX
taxlaw-8367	148	7	an	an	DET
taxlaw-8367	148	8	item	item	NOUN
taxlaw-8367	148	9	of	of	ADP
taxlaw-8367	148	10	gross	gross	ADJ
taxlaw-8367	148	11	income	income	NOUN
taxlaw-8367	148	12	)	)	PUNCT
taxlaw-8367	148	13	.	.	PUNCT
taxlaw-8367	149	1	24	24	NUM
taxlaw-8367	149	2	on	on	ADP
taxlaw-8367	149	3	the	the	DET
taxlaw-8367	149	4	borrower	borrower	NOUN
taxlaw-8367	149	5	side	side	NOUN
taxlaw-8367	149	6	,	,	PUNCT
taxlaw-8367	149	7	the	the	DET
taxlaw-8367	149	8	applicable	applicable	ADJ
taxlaw-8367	149	9	provisions	provision	NOUN
taxlaw-8367	149	10	are	be	AUX
taxlaw-8367	149	11	section	section	NOUN
taxlaw-8367	149	12	61(a)(12	61(a)(12	NUM
taxlaw-8367	149	13	)	)	PUNCT
taxlaw-8367	149	14	(	(	PUNCT
taxlaw-8367	149	15	inclusion	inclusion	NOUN
taxlaw-8367	149	16	of	of	ADP
taxlaw-8367	149	17	income	income	NOUN
taxlaw-8367	149	18	from	from	ADP
taxlaw-8367	149	19	doi	doi	NOUN
taxlaw-8367	149	20	in	in	ADP
taxlaw-8367	149	21	gross	gross	ADJ
taxlaw-8367	149	22	income	income	NOUN
taxlaw-8367	149	23	in	in	ADP
taxlaw-8367	149	24	the	the	DET
taxlaw-8367	149	25	case	case	NOUN
taxlaw-8367	149	26	of	of	ADP
taxlaw-8367	149	27	recourse	recourse	NOUN
taxlaw-8367	149	28	debts	debt	NOUN
taxlaw-8367	149	29	)	)	PUNCT
taxlaw-8367	149	30	or	or	CCONJ
taxlaw-8367	149	31	sections	section	NOUN
taxlaw-8367	149	32	1001(a	1001(a	NUM
taxlaw-8367	149	33	)	)	PUNCT
taxlaw-8367	149	34	and	and	CCONJ
taxlaw-8367	149	35	7701(g	7701(g	X
taxlaw-8367	149	36	)	)	PUNCT
taxlaw-8367	149	37	(	(	PUNCT
taxlaw-8367	149	38	gain	gain	NOUN
taxlaw-8367	149	39	(	(	PUNCT
taxlaw-8367	149	40	or	or	CCONJ
taxlaw-8367	149	41	potentially	potentially	ADV
taxlaw-8367	149	42	loss	loss	NOUN
taxlaw-8367	149	43	)	)	PUNCT
taxlaw-8367	149	44	from	from	ADP
taxlaw-8367	149	45	sale	sale	NOUN
taxlaw-8367	149	46	of	of	ADP
taxlaw-8367	149	47	property	property	NOUN
taxlaw-8367	149	48	,	,	PUNCT
taxlaw-8367	149	49	treating	treat	VERB
taxlaw-8367	149	50	amount	amount	NOUN
taxlaw-8367	149	51	realized	realize	VERB
taxlaw-8367	149	52	as	as	ADP
taxlaw-8367	149	53	not	not	PART
taxlaw-8367	149	54	less	less	ADJ
taxlaw-8367	149	55	than	than	ADP
taxlaw-8367	149	56	outstanding	outstanding	ADJ
taxlaw-8367	149	57	principal	principal	ADJ
taxlaw-8367	149	58	amount	amount	NOUN
taxlaw-8367	149	59	under	under	ADP
taxlaw-8367	149	60	section	section	NOUN
taxlaw-8367	149	61	7701(g	7701(g	NUM
taxlaw-8367	149	62	)	)	PUNCT
taxlaw-8367	149	63	)	)	PUNCT
taxlaw-8367	149	64	.	.	PUNCT
taxlaw-8367	150	1	on	on	ADP
taxlaw-8367	150	2	the	the	DET
taxlaw-8367	150	3	lender	lender	NOUN
taxlaw-8367	150	4	side	side	NOUN
taxlaw-8367	150	5	,	,	PUNCT
taxlaw-8367	150	6	the	the	DET
taxlaw-8367	150	7	applicable	applicable	ADJ
taxlaw-8367	150	8	provisions	provision	NOUN
taxlaw-8367	150	9	are	be	AUX
taxlaw-8367	150	10	section	section	NOUN
taxlaw-8367	150	11	165(g	165(g	NUM
taxlaw-8367	150	12	)	)	PUNCT
taxlaw-8367	150	13	(	(	PUNCT
taxlaw-8367	150	14	deduction	deduction	NOUN
taxlaw-8367	150	15	for	for	ADP
taxlaw-8367	150	16	loss	loss	NOUN
taxlaw-8367	150	17	on	on	ADP
taxlaw-8367	150	18	worthless	worthless	ADJ
taxlaw-8367	150	19	securities	security	NOUN
taxlaw-8367	150	20	)	)	PUNCT
taxlaw-8367	150	21	or	or	CCONJ
taxlaw-8367	150	22	section	section	NOUN
taxlaw-8367	150	23	166(a	166(a	PROPN
taxlaw-8367	150	24	)	)	PUNCT
taxlaw-8367	150	25	(	(	PUNCT
taxlaw-8367	150	26	deduction	deduction	NOUN
taxlaw-8367	150	27	for	for	ADP
taxlaw-8367	150	28	bad	bad	ADJ
taxlaw-8367	150	29	debts	debt	NOUN
taxlaw-8367	150	30	)	)	PUNCT
taxlaw-8367	150	31	.	.	PUNCT
taxlaw-8367	151	1	very	very	ADV
taxlaw-8367	151	2	generally	generally	ADV
taxlaw-8367	151	3	,	,	PUNCT
taxlaw-8367	151	4	the	the	DET
taxlaw-8367	151	5	lender	lender	NOUN
taxlaw-8367	151	6	’s	’s	PART
taxlaw-8367	151	7	loss	loss	NOUN
taxlaw-8367	151	8	is	be	AUX
taxlaw-8367	151	9	deductible	deductible	ADJ
taxlaw-8367	151	10	under	under	ADP
taxlaw-8367	151	11	section	section	NOUN
taxlaw-8367	151	12	165(g	165(g	NUM
taxlaw-8367	151	13	)	)	PUNCT
taxlaw-8367	151	14	if	if	SCONJ
taxlaw-8367	151	15	the	the	DET
taxlaw-8367	151	16	debt	debt	NOUN
taxlaw-8367	151	17	is	be	AUX
taxlaw-8367	151	18	publicly	publicly	ADV
taxlaw-8367	151	19	traded	trade	VERB
taxlaw-8367	151	20	but	but	CCONJ
taxlaw-8367	151	21	deductible	deductible	ADJ
taxlaw-8367	151	22	under	under	ADP
taxlaw-8367	151	23	section	section	NOUN
taxlaw-8367	151	24	166	166	NUM
taxlaw-8367	151	25	in	in	ADP
taxlaw-8367	151	26	most	most	ADJ
taxlaw-8367	151	27	other	other	ADJ
taxlaw-8367	151	28	cases	case	NOUN
taxlaw-8367	151	29	.	.	PUNCT
taxlaw-8367	152	1	25	25	NUM
taxlaw-8367	152	2	treas	trea	NOUN
taxlaw-8367	152	3	.	.	PUNCT
taxlaw-8367	153	1	reg	reg	PROPN
taxlaw-8367	153	2	.	.	PUNCT
taxlaw-8367	154	1	§	§	PROPN
taxlaw-8367	154	2	1.1001–2	1.1001–2	NUM
taxlaw-8367	154	3	.	.	PUNCT
taxlaw-8367	154	4	26	26	NUM
taxlaw-8367	154	5	comm’r	comm’r	NOUN
taxlaw-8367	154	6	v.	v.	ADP
taxlaw-8367	154	7	tufts	tuft	NOUN
taxlaw-8367	154	8	,	,	PUNCT
taxlaw-8367	154	9	461	461	NUM
taxlaw-8367	154	10	u.s	u.s	PROPN
taxlaw-8367	154	11	.	.	PROPN
taxlaw-8367	154	12	300	300	NUM
taxlaw-8367	154	13	(	(	PUNCT
taxlaw-8367	154	14	1983	1983	NUM
taxlaw-8367	154	15	)	)	PUNCT
taxlaw-8367	154	16	.	.	PUNCT
taxlaw-8367	155	1	27	27	NUM
taxlaw-8367	155	2	rev	rev	VERB
taxlaw-8367	155	3	.	.	PUNCT
taxlaw-8367	155	4	rul	rul	NOUN
taxlaw-8367	155	5	.	.	PUNCT
taxlaw-8367	156	1	91–31	91–31	NUM
taxlaw-8367	156	2	,	,	PUNCT
taxlaw-8367	156	3	1991–1	1991–1	PROPN
taxlaw-8367	156	4	c.b	c.b	PROPN
taxlaw-8367	156	5	.	.	PROPN
taxlaw-8367	156	6	19	19	NUM
taxlaw-8367	156	7	;	;	PUNCT
taxlaw-8367	156	8	gershkowitz	gershkowitz	PROPN
taxlaw-8367	156	9	v.	v.	ADP
taxlaw-8367	156	10	comm’r	comm’r	NOUN
taxlaw-8367	156	11	,	,	PUNCT
taxlaw-8367	156	12	88	88	NUM
taxlaw-8367	156	13	t.c	t.c	PROPN
taxlaw-8367	156	14	.	.	PROPN
taxlaw-8367	156	15	984	984	NUM
taxlaw-8367	156	16	(	(	PUNCT
taxlaw-8367	156	17	1987	1987	NUM
taxlaw-8367	156	18	)	)	PUNCT
taxlaw-8367	156	19	.	.	PUNCT
taxlaw-8367	157	1	28	28	NUM
taxlaw-8367	157	2	henry	henry	PROPN
taxlaw-8367	157	3	simons	simons	PROPN
taxlaw-8367	157	4	,	,	PUNCT
taxlaw-8367	157	5	personal	personal	ADJ
taxlaw-8367	157	6	income	income	NOUN
taxlaw-8367	157	7	taxation	taxation	NOUN
taxlaw-8367	157	8	50	50	NUM
taxlaw-8367	157	9	(	(	PUNCT
taxlaw-8367	157	10	1938	1938	NUM
taxlaw-8367	157	11	)	)	PUNCT
taxlaw-8367	157	12	.	.	PUNCT
taxlaw-8367	158	1	countless	countless	ADJ
taxlaw-8367	158	2	commentaries	commentary	NOUN
taxlaw-8367	158	3	use	use	VERB
taxlaw-8367	158	4	this	this	DET
taxlaw-8367	158	5	definition	definition	NOUN
taxlaw-8367	158	6	,	,	PUNCT
taxlaw-8367	158	7	the	the	DET
taxlaw-8367	158	8	so	so	ADV
taxlaw-8367	158	9	-	-	PUNCT
taxlaw-8367	158	10	called	call	VERB
taxlaw-8367	158	11	“	"	PUNCT
taxlaw-8367	158	12	haig	haig	PROPN
taxlaw-8367	158	13	-	-	PUNCT
taxlaw-8367	158	14	simons	simon	NOUN
taxlaw-8367	158	15	”	"	PUNCT
taxlaw-8367	158	16	or	or	CCONJ
taxlaw-8367	158	17	“	"	PUNCT
taxlaw-8367	158	18	schanz	schanz	PROPN
taxlaw-8367	158	19	-	-	PUNCT
taxlaw-8367	158	20	haig	haig	PROPN
taxlaw-8367	158	21	-	-	PUNCT
taxlaw-8367	158	22	simons	simon	NOUN
taxlaw-8367	158	23	”	"	PUNCT
taxlaw-8367	158	24	definition	definition	NOUN
taxlaw-8367	158	25	,	,	PUNCT
taxlaw-8367	158	26	for	for	ADP
taxlaw-8367	158	27	the	the	DET
taxlaw-8367	158	28	purpose	purpose	NOUN
taxlaw-8367	158	29	of	of	ADP
taxlaw-8367	158	30	defining	define	VERB
taxlaw-8367	158	31	income	income	NOUN
taxlaw-8367	158	32	under	under	ADP
taxlaw-8367	158	33	a	a	DET
taxlaw-8367	158	34	normative	normative	ADJ
taxlaw-8367	158	35	or	or	CCONJ
taxlaw-8367	158	36	ideal	ideal	ADJ
taxlaw-8367	158	37	income	income	NOUN
taxlaw-8367	158	38	tax	tax	NOUN
taxlaw-8367	158	39	.	.	PUNCT
taxlaw-8367	159	1	see	see	VERB
taxlaw-8367	159	2	william	william	PROPN
taxlaw-8367	159	3	d.	d.	PROPN
taxlaw-8367	159	4	andrews	andrews	PROPN
taxlaw-8367	159	5	,	,	PUNCT
taxlaw-8367	159	6	personal	personal	ADJ
taxlaw-8367	159	7	deductions	deduction	NOUN
taxlaw-8367	159	8	in	in	ADP
taxlaw-8367	159	9	an	an	DET
taxlaw-8367	159	10	ideal	ideal	ADJ
taxlaw-8367	159	11	2021	2021	NUM
taxlaw-8367	159	12	]	]	PUNCT
taxlaw-8367	159	13	debt	debt	NOUN
taxlaw-8367	159	14	and	and	CCONJ
taxlaw-8367	159	15	taxes	taxis	NOUN
taxlaw-8367	159	16	95	95	NUM
taxlaw-8367	159	17	1	1	NUM
taxlaw-8367	159	18	.	.	PUNCT
taxlaw-8367	160	1	treatment	treatment	NOUN
taxlaw-8367	160	2	of	of	ADP
taxlaw-8367	160	3	borrower	borrower	NOUN
taxlaw-8367	160	4	under	under	ADP
taxlaw-8367	160	5	the	the	DET
taxlaw-8367	160	6	h	h	NOUN
taxlaw-8367	160	7	-	-	PUNCT
taxlaw-8367	160	8	s	s	PART
taxlaw-8367	160	9	definition	definition	NOUN
taxlaw-8367	160	10	,	,	PUNCT
taxlaw-8367	160	11	proposition	proposition	NOUN
taxlaw-8367	160	12	1	1	NUM
taxlaw-8367	160	13	is	be	AUX
taxlaw-8367	160	14	said	say	VERB
taxlaw-8367	160	15	to	to	PART
taxlaw-8367	160	16	follow	follow	VERB
taxlaw-8367	160	17	on	on	ADP
taxlaw-8367	160	18	the	the	DET
taxlaw-8367	160	19	borrower	borrower	NOUN
taxlaw-8367	160	20	side	side	NOUN
taxlaw-8367	160	21	because	because	SCONJ
taxlaw-8367	160	22	the	the	DET
taxlaw-8367	160	23	obligation	obligation	NOUN
taxlaw-8367	160	24	to	to	PART
taxlaw-8367	160	25	repay	repay	VERB
taxlaw-8367	160	26	,	,	PUNCT
taxlaw-8367	160	27	when	when	SCONJ
taxlaw-8367	160	28	coupled	couple	VERB
taxlaw-8367	160	29	with	with	ADP
taxlaw-8367	160	30	the	the	DET
taxlaw-8367	160	31	obligation	obligation	NOUN
taxlaw-8367	160	32	to	to	PART
taxlaw-8367	160	33	pay	pay	VERB
taxlaw-8367	160	34	interest	interest	NOUN
taxlaw-8367	160	35	on	on	ADP
taxlaw-8367	160	36	the	the	DET
taxlaw-8367	160	37	outstanding	outstanding	ADJ
taxlaw-8367	160	38	principal	principal	NOUN
taxlaw-8367	160	39	,	,	PUNCT
taxlaw-8367	160	40	precisely	precisely	ADV
taxlaw-8367	160	41	offsets	offset	VERB
taxlaw-8367	160	42	the	the	DET
taxlaw-8367	160	43	value	value	NOUN
taxlaw-8367	160	44	of	of	ADP
taxlaw-8367	160	45	cash	cash	NOUN
taxlaw-8367	160	46	received.29	received.29	NOUN
taxlaw-8367	160	47	similarly	similarly	ADV
taxlaw-8367	160	48	,	,	PUNCT
taxlaw-8367	160	49	as	as	SCONJ
taxlaw-8367	160	50	amounts	amount	NOUN
taxlaw-8367	160	51	are	be	AUX
taxlaw-8367	160	52	repaid	repay	VERB
taxlaw-8367	160	53	,	,	PUNCT
taxlaw-8367	160	54	the	the	DET
taxlaw-8367	160	55	concomitant	concomitant	ADJ
taxlaw-8367	160	56	reduction	reduction	NOUN
taxlaw-8367	160	57	in	in	ADP
taxlaw-8367	160	58	the	the	DET
taxlaw-8367	160	59	repayment	repayment	NOUN
taxlaw-8367	160	60	obligation	obligation	NOUN
taxlaw-8367	160	61	implies	imply	VERB
taxlaw-8367	160	62	that	that	SCONJ
taxlaw-8367	160	63	no	no	DET
taxlaw-8367	160	64	deduction	deduction	NOUN
taxlaw-8367	160	65	for	for	ADP
taxlaw-8367	160	66	the	the	DET
taxlaw-8367	160	67	payments	payment	NOUN
taxlaw-8367	160	68	is	be	AUX
taxlaw-8367	160	69	appropriate	appropriate	ADJ
taxlaw-8367	160	70	—	—	PUNCT
taxlaw-8367	160	71	the	the	DET
taxlaw-8367	160	72	borrower	borrower	NOUN
taxlaw-8367	160	73	does	do	AUX
taxlaw-8367	160	74	not	not	PART
taxlaw-8367	160	75	experience	experience	VERB
taxlaw-8367	160	76	a	a	DET
taxlaw-8367	160	77	loss	loss	NOUN
taxlaw-8367	160	78	on	on	ADP
taxlaw-8367	160	79	the	the	DET
taxlaw-8367	160	80	payments	payment	NOUN
taxlaw-8367	160	81	because	because	SCONJ
taxlaw-8367	160	82	she	she	PRON
taxlaw-8367	160	83	receives	receive	VERB
taxlaw-8367	160	84	an	an	DET
taxlaw-8367	160	85	equally	equally	ADV
taxlaw-8367	160	86	valuable	valuable	ADJ
taxlaw-8367	160	87	reduction	reduction	NOUN
taxlaw-8367	160	88	in	in	ADP
taxlaw-8367	160	89	her	her	PRON
taxlaw-8367	160	90	obligation	obligation	NOUN
taxlaw-8367	160	91	to	to	PART
taxlaw-8367	160	92	repay	repay	VERB
taxlaw-8367	160	93	.	.	PUNCT
taxlaw-8367	161	1	assume	assume	VERB
taxlaw-8367	161	2	borrower	borrower	NOUN
taxlaw-8367	161	3	borrows	borrow	VERB
taxlaw-8367	161	4	$	$	SYM
taxlaw-8367	161	5	1,000	1,000	NUM
taxlaw-8367	161	6	from	from	ADP
taxlaw-8367	161	7	lender	lender	NOUN
taxlaw-8367	161	8	,	,	PUNCT
taxlaw-8367	161	9	promising	promise	VERB
taxlaw-8367	161	10	to	to	PART
taxlaw-8367	161	11	pay	pay	VERB
taxlaw-8367	161	12	a	a	DET
taxlaw-8367	161	13	market	market	NOUN
taxlaw-8367	161	14	rate	rate	NOUN
taxlaw-8367	161	15	of	of	ADP
taxlaw-8367	161	16	interest	interest	NOUN
taxlaw-8367	161	17	on	on	ADP
taxlaw-8367	161	18	the	the	DET
taxlaw-8367	161	19	full	full	ADJ
taxlaw-8367	161	20	$	$	SYM
taxlaw-8367	161	21	1,000	1,000	NUM
taxlaw-8367	161	22	semiannually	semiannually	ADV
taxlaw-8367	161	23	for	for	ADP
taxlaw-8367	161	24	10	10	NUM
taxlaw-8367	161	25	years	year	NOUN
taxlaw-8367	161	26	and	and	CCONJ
taxlaw-8367	161	27	to	to	PART
taxlaw-8367	161	28	repay	repay	VERB
taxlaw-8367	161	29	the	the	DET
taxlaw-8367	161	30	$	$	SYM
taxlaw-8367	161	31	1,000	1,000	NUM
taxlaw-8367	161	32	at	at	ADP
taxlaw-8367	161	33	the	the	DET
taxlaw-8367	161	34	end	end	NOUN
taxlaw-8367	161	35	of	of	ADP
taxlaw-8367	161	36	the	the	DET
taxlaw-8367	161	37	term	term	NOUN
taxlaw-8367	161	38	.	.	PUNCT
taxlaw-8367	162	1	on	on	ADP
taxlaw-8367	162	2	the	the	DET
taxlaw-8367	162	3	standard	standard	ADJ
taxlaw-8367	162	4	view	view	NOUN
taxlaw-8367	162	5	,	,	PUNCT
taxlaw-8367	162	6	borrower	borrower	NOUN
taxlaw-8367	162	7	has	have	AUX
taxlaw-8367	162	8	received	receive	VERB
taxlaw-8367	162	9	$	$	SYM
taxlaw-8367	162	10	1,000	1,000	NUM
taxlaw-8367	162	11	in	in	ADP
taxlaw-8367	162	12	exchange	exchange	NOUN
taxlaw-8367	162	13	for	for	ADP
taxlaw-8367	162	14	promises	promise	NOUN
taxlaw-8367	162	15	.	.	PUNCT
taxlaw-8367	163	1	ordinarily	ordinarily	ADV
taxlaw-8367	163	2	the	the	DET
taxlaw-8367	163	3	receipt	receipt	NOUN
taxlaw-8367	163	4	of	of	ADP
taxlaw-8367	163	5	cash	cash	NOUN
taxlaw-8367	163	6	constitutes	constitute	VERB
taxlaw-8367	163	7	income	income	NOUN
taxlaw-8367	163	8	to	to	ADP
taxlaw-8367	163	9	the	the	DET
taxlaw-8367	163	10	extent	extent	NOUN
taxlaw-8367	163	11	that	that	SCONJ
taxlaw-8367	163	12	it	it	PRON
taxlaw-8367	163	13	exceeds	exceed	VERB
taxlaw-8367	163	14	the	the	DET
taxlaw-8367	163	15	taxpayer	taxpayer	NOUN
taxlaw-8367	163	16	’s	’s	PART
taxlaw-8367	163	17	basis	basis	NOUN
taxlaw-8367	163	18	in	in	ADP
taxlaw-8367	163	19	whatever	whatever	PRON
taxlaw-8367	163	20	is	be	AUX
taxlaw-8367	163	21	surrendered	surrender	VERB
taxlaw-8367	163	22	for	for	ADP
taxlaw-8367	163	23	the	the	DET
taxlaw-8367	163	24	cash	cash	NOUN
taxlaw-8367	163	25	.	.	PUNCT
taxlaw-8367	164	1	30	30	NUM
taxlaw-8367	164	2	here	here	ADV
taxlaw-8367	164	3	,	,	PUNCT
taxlaw-8367	164	4	borrower	borrower	NOUN
taxlaw-8367	164	5	surrenders	surrender	VERB
taxlaw-8367	164	6	nothing	nothing	PRON
taxlaw-8367	164	7	except	except	SCONJ
taxlaw-8367	164	8	promises	promise	NOUN
taxlaw-8367	164	9	in	in	ADP
taxlaw-8367	164	10	which	which	PRON
taxlaw-8367	164	11	she	she	PRON
taxlaw-8367	164	12	has	have	VERB
taxlaw-8367	164	13	no	no	DET
taxlaw-8367	164	14	basis	basis	NOUN
taxlaw-8367	164	15	because	because	SCONJ
taxlaw-8367	164	16	she	she	PRON
taxlaw-8367	164	17	has	have	AUX
taxlaw-8367	164	18	paid	pay	VERB
taxlaw-8367	164	19	no	no	DET
taxlaw-8367	164	20	after	after	ADP
taxlaw-8367	164	21	-	-	PUNCT
taxlaw-8367	164	22	tax	tax	NOUN
taxlaw-8367	164	23	amount	amount	NOUN
taxlaw-8367	164	24	to	to	PART
taxlaw-8367	164	25	make	make	VERB
taxlaw-8367	164	26	them	they	PRON
taxlaw-8367	164	27	.	.	PUNCT
taxlaw-8367	165	1	nevertheless	nevertheless	ADV
taxlaw-8367	165	2	,	,	PUNCT
taxlaw-8367	165	3	the	the	DET
taxlaw-8367	165	4	tax	tax	NOUN
taxlaw-8367	165	5	law	law	NOUN
taxlaw-8367	165	6	has	have	AUX
taxlaw-8367	165	7	long	long	ADV
taxlaw-8367	165	8	taken	take	VERB
taxlaw-8367	165	9	the	the	DET
taxlaw-8367	165	10	view	view	NOUN
taxlaw-8367	165	11	that	that	SCONJ
taxlaw-8367	165	12	the	the	DET
taxlaw-8367	165	13	obligation	obligation	NOUN
taxlaw-8367	165	14	to	to	PART
taxlaw-8367	165	15	repay	repay	VERB
taxlaw-8367	165	16	the	the	DET
taxlaw-8367	165	17	$	$	SYM
taxlaw-8367	165	18	1,000	1,000	NUM
taxlaw-8367	165	19	offsets	offset	NOUN
taxlaw-8367	165	20	the	the	DET
taxlaw-8367	165	21	receipt	receipt	NOUN
taxlaw-8367	165	22	so	so	SCONJ
taxlaw-8367	165	23	that	that	SCONJ
taxlaw-8367	165	24	borrower	borrower	NOUN
taxlaw-8367	165	25	has	have	VERB
taxlaw-8367	165	26	no	no	DET
taxlaw-8367	165	27	inclusion	inclusion	NOUN
taxlaw-8367	165	28	.	.	PUNCT
taxlaw-8367	166	1	lender	lender	NOUN
taxlaw-8367	166	2	has	have	AUX
taxlaw-8367	166	3	received	receive	VERB
taxlaw-8367	166	4	a	a	DET
taxlaw-8367	166	5	note	note	NOUN
taxlaw-8367	166	6	of	of	ADP
taxlaw-8367	166	7	value	value	NOUN
taxlaw-8367	166	8	equal	equal	ADJ
taxlaw-8367	166	9	to	to	ADP
taxlaw-8367	166	10	what	what	PRON
taxlaw-8367	166	11	she	she	PRON
taxlaw-8367	166	12	transfers	transfer	VERB
taxlaw-8367	166	13	to	to	ADP
taxlaw-8367	166	14	borrower	borrower	NOUN
taxlaw-8367	166	15	and	and	CCONJ
taxlaw-8367	166	16	,	,	PUNCT
taxlaw-8367	166	17	likewise	likewise	ADV
taxlaw-8367	166	18	,	,	PUNCT
taxlaw-8367	166	19	has	have	VERB
taxlaw-8367	166	20	no	no	DET
taxlaw-8367	166	21	income	income	NOUN
taxlaw-8367	166	22	.	.	PUNCT
taxlaw-8367	167	1	on	on	ADP
taxlaw-8367	167	2	repayment	repayment	NOUN
taxlaw-8367	167	3	,	,	PUNCT
taxlaw-8367	167	4	borrower	borrower	NOUN
taxlaw-8367	167	5	’s	’s	PART
taxlaw-8367	167	6	offsetting	offset	VERB
taxlaw-8367	167	7	obligation	obligation	NOUN
taxlaw-8367	167	8	is	be	AUX
taxlaw-8367	167	9	lifted	lift	VERB
taxlaw-8367	167	10	,	,	PUNCT
taxlaw-8367	167	11	while	while	SCONJ
taxlaw-8367	167	12	lender	lender	PROPN
taxlaw-8367	167	13	’s	’s	PART
taxlaw-8367	167	14	note	note	NOUN
taxlaw-8367	167	15	is	be	AUX
taxlaw-8367	167	16	exchanged	exchange	VERB
taxlaw-8367	167	17	for	for	ADP
taxlaw-8367	167	18	cash	cash	NOUN
taxlaw-8367	167	19	of	of	ADP
taxlaw-8367	167	20	equal	equal	ADJ
taxlaw-8367	167	21	value	value	NOUN
taxlaw-8367	167	22	.	.	PUNCT
taxlaw-8367	168	1	the	the	DET
taxlaw-8367	168	2	commonly	commonly	ADV
taxlaw-8367	168	3	offered	offer	VERB
taxlaw-8367	168	4	rationale	rationale	NOUN
taxlaw-8367	168	5	for	for	ADP
taxlaw-8367	168	6	the	the	DET
taxlaw-8367	168	7	rule	rule	NOUN
taxlaw-8367	168	8	is	be	AUX
taxlaw-8367	168	9	that	that	SCONJ
taxlaw-8367	168	10	because	because	SCONJ
taxlaw-8367	168	11	the	the	DET
taxlaw-8367	168	12	net	net	ADJ
taxlaw-8367	168	13	market	market	NOUN
taxlaw-8367	168	14	value	value	NOUN
taxlaw-8367	168	15	of	of	ADP
taxlaw-8367	168	16	the	the	DET
taxlaw-8367	168	17	rights	right	NOUN
taxlaw-8367	168	18	received	receive	VERB
taxlaw-8367	168	19	is	be	AUX
taxlaw-8367	168	20	zero	zero	NUM
taxlaw-8367	168	21	,	,	PUNCT
taxlaw-8367	168	22	borrower	borrower	NOUN
taxlaw-8367	168	23	in	in	ADP
taxlaw-8367	168	24	effect	effect	NOUN
taxlaw-8367	168	25	has	have	AUX
taxlaw-8367	168	26	received	receive	VERB
taxlaw-8367	168	27	nothing.31	nothing.31	NOUN
taxlaw-8367	168	28	although	although	SCONJ
taxlaw-8367	168	29	she	she	PRON
taxlaw-8367	168	30	has	have	AUX
taxlaw-8367	168	31	received	receive	VERB
taxlaw-8367	168	32	value	value	NOUN
taxlaw-8367	168	33	for	for	ADP
taxlaw-8367	168	34	promises	promise	NOUN
taxlaw-8367	168	35	in	in	ADP
taxlaw-8367	168	36	which	which	PRON
taxlaw-8367	168	37	she	she	PRON
taxlaw-8367	168	38	has	have	VERB
taxlaw-8367	168	39	no	no	DET
taxlaw-8367	168	40	basis	basis	NOUN
taxlaw-8367	168	41	,	,	PUNCT
taxlaw-8367	168	42	the	the	DET
taxlaw-8367	168	43	obligation	obligation	NOUN
taxlaw-8367	168	44	to	to	PART
taxlaw-8367	168	45	repay	repay	VERB
taxlaw-8367	168	46	,	,	PUNCT
taxlaw-8367	168	47	which	which	PRON
taxlaw-8367	168	48	will	will	AUX
taxlaw-8367	168	49	be	be	AUX
taxlaw-8367	168	50	satisfied	satisfied	ADJ
taxlaw-8367	168	51	with	with	ADP
taxlaw-8367	168	52	already	already	ADV
taxlaw-8367	168	53	-	-	PUNCT
taxlaw-8367	168	54	taxed	tax	VERB
taxlaw-8367	168	55	dollars	dollar	NOUN
taxlaw-8367	168	56	,	,	PUNCT
taxlaw-8367	168	57	must	must	AUX
taxlaw-8367	168	58	be	be	AUX
taxlaw-8367	168	59	netted	net	VERB
taxlaw-8367	168	60	with	with	ADP
taxlaw-8367	168	61	the	the	DET
taxlaw-8367	168	62	value	value	NOUN
taxlaw-8367	168	63	received	receive	VERB
taxlaw-8367	168	64	to	to	PART
taxlaw-8367	168	65	determine	determine	VERB
taxlaw-8367	168	66	how	how	SCONJ
taxlaw-8367	168	67	much	much	ADJ
taxlaw-8367	168	68	income	income	NOUN
taxlaw-8367	168	69	she	she	PRON
taxlaw-8367	168	70	has	have	VERB
taxlaw-8367	168	71	in	in	ADP
taxlaw-8367	168	72	the	the	DET
taxlaw-8367	168	73	first	first	ADJ
taxlaw-8367	168	74	place	place	NOUN
taxlaw-8367	168	75	.	.	PUNCT
taxlaw-8367	169	1	because	because	SCONJ
taxlaw-8367	169	2	the	the	DET
taxlaw-8367	169	3	netting	net	VERB
taxlaw-8367	169	4	yields	yield	NOUN
taxlaw-8367	169	5	zero	zero	NUM
taxlaw-8367	169	6	,	,	PUNCT
taxlaw-8367	169	7	she	she	PRON
taxlaw-8367	169	8	has	have	VERB
taxlaw-8367	169	9	neither	neither	CCONJ
taxlaw-8367	169	10	income	income	NOUN
taxlaw-8367	169	11	nor	nor	CCONJ
taxlaw-8367	169	12	loss	loss	NOUN
taxlaw-8367	169	13	.	.	PUNCT
taxlaw-8367	170	1	the	the	DET
taxlaw-8367	170	2	result	result	NOUN
taxlaw-8367	170	3	is	be	AUX
taxlaw-8367	170	4	to	to	PART
taxlaw-8367	170	5	be	be	AUX
taxlaw-8367	170	6	contrasted	contrast	VERB
taxlaw-8367	170	7	with	with	ADP
taxlaw-8367	170	8	,	,	PUNCT
taxlaw-8367	170	9	for	for	ADP
taxlaw-8367	170	10	example	example	NOUN
taxlaw-8367	170	11	,	,	PUNCT
taxlaw-8367	170	12	the	the	DET
taxlaw-8367	170	13	sale	sale	NOUN
taxlaw-8367	170	14	of	of	ADP
taxlaw-8367	170	15	property	property	NOUN
taxlaw-8367	170	16	for	for	ADP
taxlaw-8367	170	17	cash	cash	NOUN
taxlaw-8367	170	18	.	.	PUNCT
taxlaw-8367	171	1	suppose	suppose	VERB
taxlaw-8367	171	2	that	that	SCONJ
taxlaw-8367	171	3	seller	seller	NOUN
taxlaw-8367	171	4	exchanges	exchange	VERB
taxlaw-8367	171	5	a	a	DET
taxlaw-8367	171	6	painting	painting	NOUN
taxlaw-8367	171	7	for	for	ADP
taxlaw-8367	171	8	which	which	PRON
taxlaw-8367	171	9	she	she	PRON
taxlaw-8367	171	10	had	have	AUX
taxlaw-8367	171	11	paid	pay	VERB
taxlaw-8367	171	12	$	$	SYM
taxlaw-8367	171	13	700	700	NUM
taxlaw-8367	171	14	for	for	ADP
taxlaw-8367	171	15	$	$	SYM
taxlaw-8367	171	16	1,000	1,000	NUM
taxlaw-8367	171	17	cash	cash	NOUN
taxlaw-8367	171	18	from	from	ADP
taxlaw-8367	171	19	buyer	buyer	NOUN
taxlaw-8367	171	20	,	,	PUNCT
taxlaw-8367	171	21	neither	neither	CCONJ
taxlaw-8367	171	22	party	party	NOUN
taxlaw-8367	171	23	incurring	incur	VERB
taxlaw-8367	171	24	any	any	DET
taxlaw-8367	171	25	further	further	ADJ
taxlaw-8367	171	26	obligation	obligation	NOUN
taxlaw-8367	171	27	with	with	ADP
taxlaw-8367	171	28	respect	respect	NOUN
taxlaw-8367	171	29	to	to	ADP
taxlaw-8367	171	30	the	the	DET
taxlaw-8367	171	31	other	other	ADJ
taxlaw-8367	171	32	.	.	PUNCT
taxlaw-8367	172	1	here	here	ADV
taxlaw-8367	172	2	,	,	PUNCT
taxlaw-8367	172	3	seller	seller	NOUN
taxlaw-8367	172	4	has	have	AUX
taxlaw-8367	172	5	received	receive	VERB
taxlaw-8367	172	6	$	$	SYM
taxlaw-8367	172	7	1,000	1,000	NUM
taxlaw-8367	172	8	of	of	ADP
taxlaw-8367	172	9	value	value	NOUN
taxlaw-8367	172	10	and	and	CCONJ
taxlaw-8367	172	11	experienced	experience	VERB
taxlaw-8367	172	12	a	a	DET
taxlaw-8367	172	13	net	net	ADJ
taxlaw-8367	172	14	increase	increase	NOUN
taxlaw-8367	172	15	in	in	ADP
taxlaw-8367	172	16	after	after	ADP
taxlaw-8367	172	17	-	-	PUNCT
taxlaw-8367	172	18	tax	tax	NOUN
taxlaw-8367	172	19	wealth	wealth	NOUN
taxlaw-8367	172	20	of	of	ADP
taxlaw-8367	172	21	$	$	SYM
taxlaw-8367	172	22	300	300	NUM
taxlaw-8367	172	23	(	(	PUNCT
taxlaw-8367	172	24	equal	equal	ADJ
taxlaw-8367	172	25	to	to	ADP
taxlaw-8367	172	26	the	the	DET
taxlaw-8367	172	27	difference	difference	NOUN
taxlaw-8367	172	28	in	in	ADP
taxlaw-8367	172	29	her	her	PRON
taxlaw-8367	172	30	cost	cost	NOUN
taxlaw-8367	172	31	,	,	PUNCT
taxlaw-8367	172	32	or	or	CCONJ
taxlaw-8367	172	33	basis	basis	NOUN
taxlaw-8367	172	34	,	,	PUNCT
taxlaw-8367	172	35	in	in	ADP
taxlaw-8367	172	36	the	the	DET
taxlaw-8367	172	37	painting	painting	NOUN
taxlaw-8367	172	38	and	and	CCONJ
taxlaw-8367	172	39	its	its	PRON
taxlaw-8367	172	40	fair	fair	ADJ
taxlaw-8367	172	41	market	market	NOUN
taxlaw-8367	172	42	value	value	NOUN
taxlaw-8367	172	43	)	)	PUNCT
taxlaw-8367	172	44	.	.	PUNCT
taxlaw-8367	173	1	she	she	PRON
taxlaw-8367	173	2	has	have	VERB
taxlaw-8367	173	3	taxable	taxable	ADJ
taxlaw-8367	173	4	income	income	NOUN
taxlaw-8367	173	5	of	of	ADP
taxlaw-8367	173	6	$	$	SYM
taxlaw-8367	173	7	300	300	NUM
taxlaw-8367	173	8	.	.	PUNCT
taxlaw-8367	174	1	the	the	DET
taxlaw-8367	174	2	offsetting	offset	VERB
taxlaw-8367	174	3	liability	liability	NOUN
taxlaw-8367	174	4	theory	theory	NOUN
taxlaw-8367	174	5	has	have	AUX
taxlaw-8367	174	6	won	win	VERB
taxlaw-8367	174	7	wide	wide	ADJ
taxlaw-8367	174	8	but	but	CCONJ
taxlaw-8367	174	9	not	not	PART
taxlaw-8367	174	10	universal	universal	ADJ
taxlaw-8367	174	11	acceptance	acceptance	NOUN
taxlaw-8367	174	12	in	in	ADP
taxlaw-8367	174	13	the	the	DET
taxlaw-8367	174	14	literature.32	literature.32	PROPN
taxlaw-8367	174	15	one	one	NUM
taxlaw-8367	174	16	group	group	NOUN
taxlaw-8367	174	17	of	of	ADP
taxlaw-8367	174	18	commentators	commentator	NOUN
taxlaw-8367	174	19	has	have	AUX
taxlaw-8367	174	20	observed	observe	VERB
taxlaw-8367	174	21	that	that	SCONJ
taxlaw-8367	174	22	the	the	DET
taxlaw-8367	174	23	rules	rule	NOUN
taxlaw-8367	174	24	differ	differ	VERB
taxlaw-8367	174	25	markedly	markedly	ADV
taxlaw-8367	174	26	in	in	ADP
taxlaw-8367	174	27	other	other	ADJ
taxlaw-8367	174	28	conceptually	conceptually	ADV
taxlaw-8367	174	29	similar	similar	ADJ
taxlaw-8367	174	30	areas	area	NOUN
taxlaw-8367	174	31	for	for	ADP
taxlaw-8367	174	32	reasons	reason	NOUN
taxlaw-8367	174	33	that	that	PRON
taxlaw-8367	174	34	are	be	AUX
taxlaw-8367	174	35	not	not	PART
taxlaw-8367	174	36	obvious	obvious	ADJ
taxlaw-8367	174	37	.	.	PUNCT
taxlaw-8367	175	1	for	for	ADP
taxlaw-8367	175	2	example	example	NOUN
taxlaw-8367	175	3	,	,	PUNCT
taxlaw-8367	175	4	subject	subject	ADJ
taxlaw-8367	175	5	to	to	ADP
taxlaw-8367	175	6	limited	limited	ADJ
taxlaw-8367	175	7	statutory33	statutory33	NOUN
taxlaw-8367	175	8	and	and	CCONJ
taxlaw-8367	175	9	administrative	administrative	ADJ
taxlaw-8367	175	10	exceptions,34	exceptions,34	NOUN
taxlaw-8367	175	11	payments	payment	NOUN
taxlaw-8367	175	12	received	receive	VERB
taxlaw-8367	175	13	for	for	ADP
taxlaw-8367	175	14	property	property	NOUN
taxlaw-8367	175	15	or	or	CCONJ
taxlaw-8367	175	16	income	income	NOUN
taxlaw-8367	175	17	tax	tax	NOUN
taxlaw-8367	175	18	,	,	PUNCT
taxlaw-8367	175	19	86	86	NUM
taxlaw-8367	175	20	harv	harv	NOUN
taxlaw-8367	175	21	.	.	PUNCT
taxlaw-8367	176	1	l.	l.	PROPN
taxlaw-8367	176	2	rev	rev	AUX
taxlaw-8367	176	3	.	.	PROPN
taxlaw-8367	176	4	309	309	NUM
taxlaw-8367	176	5	,	,	PUNCT
taxlaw-8367	176	6	320	320	NUM
taxlaw-8367	176	7	(	(	PUNCT
taxlaw-8367	176	8	1972	1972	NUM
taxlaw-8367	176	9	)	)	PUNCT
taxlaw-8367	176	10	(	(	PUNCT
taxlaw-8367	176	11	referring	refer	VERB
taxlaw-8367	176	12	to	to	ADP
taxlaw-8367	176	13	this	this	DET
taxlaw-8367	176	14	definition	definition	NOUN
taxlaw-8367	176	15	as	as	ADP
taxlaw-8367	176	16	“	"	PUNCT
taxlaw-8367	176	17	the	the	DET
taxlaw-8367	176	18	most	most	ADV
taxlaw-8367	176	19	widely	widely	ADV
taxlaw-8367	176	20	accepted	accept	VERB
taxlaw-8367	176	21	definition	definition	NOUN
taxlaw-8367	176	22	of	of	ADP
taxlaw-8367	176	23	personal	personal	ADJ
taxlaw-8367	176	24	income	income	NOUN
taxlaw-8367	176	25	for	for	ADP
taxlaw-8367	176	26	tax	tax	NOUN
taxlaw-8367	176	27	purposes	purpose	NOUN
taxlaw-8367	176	28	.	.	PUNCT
taxlaw-8367	176	29	.	.	PUNCT
taxlaw-8367	176	30	.	.	PUNCT
taxlaw-8367	176	31	”	"	PUNCT
taxlaw-8367	176	32	)	)	PUNCT
taxlaw-8367	176	33	.	.	PUNCT
taxlaw-8367	177	1	29	29	NUM
taxlaw-8367	178	1	some	some	DET
taxlaw-8367	178	2	commentators	commentator	NOUN
taxlaw-8367	178	3	cite	cite	VERB
taxlaw-8367	178	4	merely	merely	ADV
taxlaw-8367	178	5	the	the	DET
taxlaw-8367	178	6	requirement	requirement	NOUN
taxlaw-8367	178	7	to	to	PART
taxlaw-8367	178	8	repay	repay	VERB
taxlaw-8367	178	9	the	the	DET
taxlaw-8367	178	10	principal	principal	NOUN
taxlaw-8367	178	11	as	as	ADP
taxlaw-8367	178	12	the	the	DET
taxlaw-8367	178	13	basis	basis	NOUN
taxlaw-8367	178	14	for	for	ADP
taxlaw-8367	178	15	the	the	DET
taxlaw-8367	178	16	rule	rule	NOUN
taxlaw-8367	178	17	;	;	PUNCT
taxlaw-8367	178	18	others	other	NOUN
taxlaw-8367	178	19	include	include	VERB
taxlaw-8367	178	20	the	the	DET
taxlaw-8367	178	21	requirement	requirement	NOUN
taxlaw-8367	178	22	to	to	PART
taxlaw-8367	178	23	pay	pay	VERB
taxlaw-8367	178	24	interest	interest	NOUN
taxlaw-8367	178	25	to	to	PART
taxlaw-8367	178	26	account	account	VERB
taxlaw-8367	178	27	for	for	ADP
taxlaw-8367	178	28	the	the	DET
taxlaw-8367	178	29	time	time	NOUN
taxlaw-8367	178	30	-	-	PUNCT
taxlaw-8367	178	31	value	value	NOUN
taxlaw-8367	178	32	of	of	ADP
taxlaw-8367	178	33	money	money	NOUN
taxlaw-8367	178	34	as	as	ADP
taxlaw-8367	178	35	the	the	DET
taxlaw-8367	178	36	basis	basis	NOUN
taxlaw-8367	178	37	for	for	ADP
taxlaw-8367	178	38	the	the	DET
taxlaw-8367	178	39	rule	rule	NOUN
taxlaw-8367	178	40	.	.	PUNCT
taxlaw-8367	179	1	see	see	VERB
taxlaw-8367	179	2	,	,	PUNCT
taxlaw-8367	179	3	e.g.	e.g.	ADV
taxlaw-8367	179	4	,	,	PUNCT
taxlaw-8367	179	5	bittker	bittker	NOUN
taxlaw-8367	179	6	&	&	CCONJ
taxlaw-8367	179	7	lokken	lokken	PROPN
taxlaw-8367	179	8	,	,	PUNCT
taxlaw-8367	179	9	supra	supra	PROPN
taxlaw-8367	179	10	note	note	PROPN
taxlaw-8367	179	11	3	3	NUM
taxlaw-8367	179	12	,	,	PUNCT
taxlaw-8367	179	13	¶	¶	X
taxlaw-8367	179	14	7.1	7.1	NUM
taxlaw-8367	179	15	(	(	PUNCT
taxlaw-8367	179	16	no	no	DET
taxlaw-8367	179	17	inclusion	inclusion	NOUN
taxlaw-8367	179	18	because	because	SCONJ
taxlaw-8367	179	19	of	of	ADP
taxlaw-8367	179	20	obligation	obligation	NOUN
taxlaw-8367	179	21	to	to	PART
taxlaw-8367	179	22	repay	repay	VERB
taxlaw-8367	179	23	)	)	PUNCT
taxlaw-8367	179	24	;	;	PUNCT
taxlaw-8367	179	25	shaviro	shaviro	NOUN
taxlaw-8367	179	26	,	,	PUNCT
taxlaw-8367	179	27	supra	supra	PROPN
taxlaw-8367	179	28	note	note	NOUN
taxlaw-8367	179	29	1	1	NUM
taxlaw-8367	179	30	,	,	PUNCT
taxlaw-8367	179	31	at	at	ADP
taxlaw-8367	179	32	406	406	NUM
taxlaw-8367	179	33	(	(	PUNCT
taxlaw-8367	179	34	obligation	obligation	NOUN
taxlaw-8367	179	35	to	to	PART
taxlaw-8367	179	36	repay	repay	VERB
taxlaw-8367	179	37	plus	plus	CCONJ
taxlaw-8367	179	38	interest	interest	NOUN
taxlaw-8367	179	39	justifies	justify	VERB
taxlaw-8367	179	40	non	non	ADJ
taxlaw-8367	179	41	-	-	NOUN
taxlaw-8367	179	42	inclusion	inclusion	NOUN
taxlaw-8367	179	43	)	)	PUNCT
taxlaw-8367	179	44	;	;	PUNCT
taxlaw-8367	179	45	white	white	ADJ
taxlaw-8367	179	46	,	,	PUNCT
taxlaw-8367	179	47	supra	supra	ADJ
taxlaw-8367	179	48	note	note	NOUN
taxlaw-8367	179	49	1	1	NUM
taxlaw-8367	179	50	,	,	PUNCT
taxlaw-8367	179	51	at	at	ADP
taxlaw-8367	179	52	2072	2072	NUM
taxlaw-8367	179	53	(	(	PUNCT
taxlaw-8367	179	54	“	"	PUNCT
taxlaw-8367	179	55	the	the	DET
taxlaw-8367	179	56	familiar	familiar	ADJ
taxlaw-8367	179	57	justification	justification	NOUN
taxlaw-8367	179	58	for	for	ADP
taxlaw-8367	179	59	the	the	DET
taxlaw-8367	179	60	rule	rule	NOUN
taxlaw-8367	179	61	that	that	SCONJ
taxlaw-8367	179	62	loan	loan	NOUN
taxlaw-8367	179	63	proceeds	proceed	NOUN
taxlaw-8367	179	64	are	be	AUX
taxlaw-8367	179	65	not	not	PART
taxlaw-8367	179	66	included	include	VERB
taxlaw-8367	179	67	in	in	ADP
taxlaw-8367	179	68	taxable	taxable	ADJ
taxlaw-8367	179	69	income	income	NOUN
taxlaw-8367	179	70	is	be	AUX
taxlaw-8367	179	71	that	that	SCONJ
taxlaw-8367	179	72	the	the	DET
taxlaw-8367	179	73	borrower	borrower	NOUN
taxlaw-8367	179	74	’s	’s	PART
taxlaw-8367	179	75	obligation	obligation	NOUN
taxlaw-8367	179	76	to	to	PART
taxlaw-8367	179	77	repay	repay	VERB
taxlaw-8367	179	78	offsets	offset	NOUN
taxlaw-8367	179	79	the	the	DET
taxlaw-8367	179	80	amount	amount	NOUN
taxlaw-8367	179	81	borrowed	borrow	VERB
taxlaw-8367	179	82	and	and	CCONJ
taxlaw-8367	179	83	leaves	leave	VERB
taxlaw-8367	179	84	her	her	PRON
taxlaw-8367	179	85	net	net	ADJ
taxlaw-8367	179	86	worth	worth	NOUN
taxlaw-8367	179	87	unaffected	unaffected	ADJ
taxlaw-8367	179	88	.	.	PUNCT
taxlaw-8367	179	89	”	"	PUNCT
taxlaw-8367	179	90	)	)	PUNCT
taxlaw-8367	179	91	.	.	PUNCT
taxlaw-8367	180	1	it	it	PRON
taxlaw-8367	180	2	is	be	AUX
taxlaw-8367	180	3	possible	possible	ADJ
taxlaw-8367	180	4	that	that	SCONJ
taxlaw-8367	180	5	some	some	DET
taxlaw-8367	180	6	commentators	commentator	NOUN
taxlaw-8367	180	7	view	view	VERB
taxlaw-8367	180	8	the	the	DET
taxlaw-8367	180	9	interest	interest	NOUN
taxlaw-8367	180	10	obligation	obligation	NOUN
taxlaw-8367	180	11	as	as	ADP
taxlaw-8367	180	12	implicit	implicit	ADJ
taxlaw-8367	180	13	,	,	PUNCT
taxlaw-8367	180	14	treating	treat	VERB
taxlaw-8367	180	15	the	the	DET
taxlaw-8367	180	16	statement	statement	NOUN
taxlaw-8367	180	17	that	that	SCONJ
taxlaw-8367	180	18	the	the	DET
taxlaw-8367	180	19	principal	principal	NOUN
taxlaw-8367	180	20	must	must	AUX
taxlaw-8367	180	21	be	be	AUX
taxlaw-8367	180	22	repaid	repay	VERB
taxlaw-8367	180	23	as	as	ADP
taxlaw-8367	180	24	shorthand	shorthand	NOUN
taxlaw-8367	180	25	for	for	ADP
taxlaw-8367	180	26	the	the	DET
taxlaw-8367	180	27	additional	additional	ADJ
taxlaw-8367	180	28	obligation	obligation	NOUN
taxlaw-8367	180	29	to	to	PART
taxlaw-8367	180	30	pay	pay	VERB
taxlaw-8367	180	31	interest	interest	NOUN
taxlaw-8367	180	32	.	.	PUNCT
taxlaw-8367	181	1	30	30	NUM
taxlaw-8367	181	2	i.r.c	i.r.c	NOUN
taxlaw-8367	181	3	.	.	PUNCT
taxlaw-8367	182	1	§	§	PROPN
taxlaw-8367	182	2	1001(a	1001(a	NUM
taxlaw-8367	182	3	)	)	PUNCT
taxlaw-8367	182	4	.	.	PUNCT
taxlaw-8367	183	1	31	31	NUM
taxlaw-8367	183	2	bittker	bittker	PROPN
taxlaw-8367	183	3	&	&	CCONJ
taxlaw-8367	183	4	lokken	lokken	PROPN
taxlaw-8367	183	5	,	,	PUNCT
taxlaw-8367	183	6	supra	supra	PROPN
taxlaw-8367	183	7	note	note	PROPN
taxlaw-8367	183	8	3	3	NUM
taxlaw-8367	183	9	,	,	PUNCT
taxlaw-8367	183	10	¶	¶	NOUN
taxlaw-8367	183	11	7.1	7.1	NUM
taxlaw-8367	183	12	.	.	PUNCT
taxlaw-8367	184	1	32	32	NUM
taxlaw-8367	184	2	proponents	proponent	NOUN
taxlaw-8367	184	3	include	include	VERB
taxlaw-8367	184	4	,	,	PUNCT
taxlaw-8367	184	5	in	in	ADP
taxlaw-8367	184	6	addition	addition	NOUN
taxlaw-8367	184	7	to	to	ADP
taxlaw-8367	184	8	authors	author	NOUN
taxlaw-8367	184	9	cited	cite	VERB
taxlaw-8367	184	10	in	in	ADP
taxlaw-8367	184	11	preceding	precede	VERB
taxlaw-8367	184	12	notes	note	NOUN
taxlaw-8367	184	13	,	,	PUNCT
taxlaw-8367	184	14	deborah	deborah	PROPN
taxlaw-8367	184	15	geier	geier	NOUN
taxlaw-8367	184	16	and	and	CCONJ
taxlaw-8367	184	17	ethan	ethan	PROPN
taxlaw-8367	184	18	yale	yale	PROPN
taxlaw-8367	184	19	.	.	PUNCT
taxlaw-8367	185	1	see	see	VERB
taxlaw-8367	185	2	e.g.	e.g.	ADV
taxlaw-8367	185	3	,	,	PUNCT
taxlaw-8367	185	4	geier	geier	NOUN
taxlaw-8367	185	5	,	,	PUNCT
taxlaw-8367	185	6	supra	supra	PROPN
taxlaw-8367	185	7	note	note	NOUN
taxlaw-8367	185	8	1	1	NUM
taxlaw-8367	185	9	,	,	PUNCT
taxlaw-8367	185	10	at	at	ADP
taxlaw-8367	185	11	145	145	NUM
taxlaw-8367	185	12	-	-	SYM
taxlaw-8367	185	13	146	146	NUM
taxlaw-8367	185	14	;	;	PUNCT
taxlaw-8367	185	15	ethan	ethan	PROPN
taxlaw-8367	185	16	yale	yale	PROPN
taxlaw-8367	185	17	,	,	PUNCT
taxlaw-8367	185	18	anti	anti	ADJ
taxlaw-8367	185	19	-	-	NOUN
taxlaw-8367	185	20	basis	basis	NOUN
taxlaw-8367	185	21	,	,	PUNCT
taxlaw-8367	185	22	94	94	NUM
taxlaw-8367	185	23	n.c	n.c	PROPN
taxlaw-8367	185	24	.	.	PROPN
taxlaw-8367	185	25	l.	l.	PROPN
taxlaw-8367	185	26	rev	rev	PROPN
taxlaw-8367	185	27	.	.	PROPN
taxlaw-8367	185	28	485	485	NUM
taxlaw-8367	185	29	,	,	PUNCT
taxlaw-8367	185	30	493	493	NUM
taxlaw-8367	185	31	(	(	PUNCT
taxlaw-8367	185	32	2016	2016	NUM
taxlaw-8367	185	33	)	)	PUNCT
taxlaw-8367	185	34	.	.	PUNCT
taxlaw-8367	186	1	33	33	NUM
taxlaw-8367	186	2	i.r.c	i.r.c	NOUN
taxlaw-8367	186	3	.	.	PUNCT
taxlaw-8367	187	1	§	§	PROPN
taxlaw-8367	187	2	451(c	451(c	PROPN
taxlaw-8367	187	3	)	)	PUNCT
taxlaw-8367	187	4	.	.	PUNCT
taxlaw-8367	188	1	34	34	NUM
taxlaw-8367	188	2	rev	rev	VERB
taxlaw-8367	188	3	.	.	PROPN
taxlaw-8367	188	4	proc	proc	PROPN
taxlaw-8367	188	5	.	.	PUNCT
taxlaw-8367	189	1	2004–34	2004–34	NUM
taxlaw-8367	189	2	,	,	PUNCT
taxlaw-8367	189	3	2004–1	2004–1	PROPN
taxlaw-8367	189	4	c.b	c.b	PROPN
taxlaw-8367	189	5	.	.	PROPN
taxlaw-8367	189	6	911	911	NUM
taxlaw-8367	189	7	,	,	PUNCT
taxlaw-8367	189	8	modified	modify	VERB
taxlaw-8367	189	9	,	,	PUNCT
taxlaw-8367	189	10	rev	rev	PROPN
taxlaw-8367	189	11	.	.	PROPN
taxlaw-8367	189	12	proc	proc	PROPN
taxlaw-8367	189	13	.	.	PUNCT
taxlaw-8367	190	1	2011–18	2011–18	NUM
taxlaw-8367	190	2	,	,	PUNCT
taxlaw-8367	190	3	2011–5	2011–5	PROPN
taxlaw-8367	190	4	c.b	c.b	PROPN
taxlaw-8367	190	5	.	.	PROPN
taxlaw-8367	190	6	441	441	NUM
taxlaw-8367	190	7	.	.	X
taxlaw-8367	190	8	96	96	NUM
taxlaw-8367	190	9	columbia	columbia	PROPN
taxlaw-8367	190	10	journal	journal	PROPN
taxlaw-8367	190	11	of	of	ADP
taxlaw-8367	190	12	tax	tax	NOUN
taxlaw-8367	190	13	law	law	NOUN
taxlaw-8367	190	14	[	[	X
taxlaw-8367	190	15	vol	vol	NOUN
taxlaw-8367	190	16	.	.	PUNCT
taxlaw-8367	191	1	12:89	12:89	NUM
taxlaw-8367	191	2	services	service	NOUN
taxlaw-8367	191	3	to	to	PART
taxlaw-8367	191	4	be	be	AUX
taxlaw-8367	191	5	delivered	deliver	VERB
taxlaw-8367	191	6	in	in	ADP
taxlaw-8367	191	7	the	the	DET
taxlaw-8367	191	8	future	future	NOUN
taxlaw-8367	191	9	are	be	AUX
taxlaw-8367	191	10	subject	subject	ADJ
taxlaw-8367	191	11	to	to	ADP
taxlaw-8367	191	12	inclusion	inclusion	NOUN
taxlaw-8367	191	13	on	on	ADP
taxlaw-8367	191	14	receipt	receipt	NOUN
taxlaw-8367	191	15	,	,	PUNCT
taxlaw-8367	191	16	even	even	ADV
taxlaw-8367	191	17	when	when	SCONJ
taxlaw-8367	191	18	the	the	DET
taxlaw-8367	191	19	taxpayer	taxpayer	NOUN
taxlaw-8367	191	20	uses	use	VERB
taxlaw-8367	191	21	an	an	DET
taxlaw-8367	191	22	accrual	accrual	ADJ
taxlaw-8367	191	23	method	method	NOUN
taxlaw-8367	191	24	of	of	ADP
taxlaw-8367	191	25	accounting.35	accounting.35	NOUN
taxlaw-8367	191	26	under	under	ADP
taxlaw-8367	191	27	an	an	DET
taxlaw-8367	191	28	accrual	accrual	ADJ
taxlaw-8367	191	29	method	method	NOUN
taxlaw-8367	191	30	,	,	PUNCT
taxlaw-8367	191	31	items	item	NOUN
taxlaw-8367	191	32	are	be	AUX
taxlaw-8367	191	33	normally	normally	ADV
taxlaw-8367	191	34	includible	includible	ADJ
taxlaw-8367	191	35	in	in	ADP
taxlaw-8367	191	36	the	the	DET
taxlaw-8367	191	37	period	period	NOUN
taxlaw-8367	191	38	during	during	ADP
taxlaw-8367	191	39	which	which	PRON
taxlaw-8367	191	40	the	the	DET
taxlaw-8367	191	41	right	right	NOUN
taxlaw-8367	191	42	to	to	ADP
taxlaw-8367	191	43	the	the	DET
taxlaw-8367	191	44	payment	payment	NOUN
taxlaw-8367	191	45	is	be	AUX
taxlaw-8367	191	46	fixed	fix	VERB
taxlaw-8367	191	47	and	and	CCONJ
taxlaw-8367	191	48	the	the	DET
taxlaw-8367	191	49	amount	amount	NOUN
taxlaw-8367	191	50	of	of	ADP
taxlaw-8367	191	51	the	the	DET
taxlaw-8367	191	52	receipt	receipt	NOUN
taxlaw-8367	191	53	can	can	AUX
taxlaw-8367	191	54	be	be	AUX
taxlaw-8367	191	55	determined	determine	VERB
taxlaw-8367	191	56	with	with	ADP
taxlaw-8367	191	57	reasonable	reasonable	ADJ
taxlaw-8367	191	58	accuracy.36	accuracy.36	NOUN
taxlaw-8367	191	59	in	in	ADP
taxlaw-8367	191	60	many	many	ADJ
taxlaw-8367	191	61	advance	advance	ADJ
taxlaw-8367	191	62	payment	payment	NOUN
taxlaw-8367	191	63	situations	situation	NOUN
taxlaw-8367	191	64	,	,	PUNCT
taxlaw-8367	191	65	the	the	DET
taxlaw-8367	191	66	right	right	NOUN
taxlaw-8367	191	67	to	to	PART
taxlaw-8367	191	68	retain	retain	VERB
taxlaw-8367	191	69	the	the	DET
taxlaw-8367	191	70	payment	payment	NOUN
taxlaw-8367	191	71	is	be	AUX
taxlaw-8367	191	72	contingent	contingent	ADJ
taxlaw-8367	191	73	on	on	ADP
taxlaw-8367	191	74	the	the	DET
taxlaw-8367	191	75	provision	provision	NOUN
taxlaw-8367	191	76	of	of	ADP
taxlaw-8367	191	77	future	future	ADJ
taxlaw-8367	191	78	services	service	NOUN
taxlaw-8367	191	79	and	and	CCONJ
taxlaw-8367	191	80	therefore	therefore	ADV
taxlaw-8367	191	81	not	not	PART
taxlaw-8367	191	82	fixed	fix	VERB
taxlaw-8367	191	83	,	,	PUNCT
taxlaw-8367	191	84	yet	yet	CCONJ
taxlaw-8367	191	85	the	the	DET
taxlaw-8367	191	86	taxpayer	taxpayer	NOUN
taxlaw-8367	191	87	must	must	AUX
taxlaw-8367	191	88	include	include	VERB
taxlaw-8367	191	89	on	on	ADP
taxlaw-8367	191	90	receipt	receipt	NOUN
taxlaw-8367	191	91	nonetheless.37	nonetheless.37	ADJ
taxlaw-8367	191	92	another	another	DET
taxlaw-8367	191	93	more	more	ADV
taxlaw-8367	191	94	basic	basic	ADJ
taxlaw-8367	191	95	criticism	criticism	NOUN
taxlaw-8367	191	96	focuses	focus	VERB
taxlaw-8367	191	97	on	on	ADP
taxlaw-8367	191	98	the	the	DET
taxlaw-8367	191	99	fact	fact	NOUN
taxlaw-8367	191	100	that	that	SCONJ
taxlaw-8367	191	101	taxability	taxability	NOUN
taxlaw-8367	191	102	generally	generally	ADV
taxlaw-8367	191	103	hinges	hinge	VERB
taxlaw-8367	191	104	not	not	PART
taxlaw-8367	191	105	on	on	ADP
taxlaw-8367	191	106	the	the	DET
taxlaw-8367	191	107	receipt	receipt	NOUN
taxlaw-8367	191	108	of	of	ADP
taxlaw-8367	191	109	net	net	ADJ
taxlaw-8367	191	110	value	value	NOUN
taxlaw-8367	191	111	but	but	CCONJ
taxlaw-8367	191	112	on	on	ADP
taxlaw-8367	191	113	the	the	DET
taxlaw-8367	191	114	extent	extent	NOUN
taxlaw-8367	191	115	to	to	PART
taxlaw-8367	191	116	which	which	PRON
taxlaw-8367	191	117	the	the	DET
taxlaw-8367	191	118	taxpayer	taxpayer	NOUN
taxlaw-8367	191	119	has	have	AUX
taxlaw-8367	191	120	realized	realize	VERB
taxlaw-8367	191	121	value	value	NOUN
taxlaw-8367	191	122	for	for	ADP
taxlaw-8367	191	123	which	which	PRON
taxlaw-8367	191	124	she	she	PRON
taxlaw-8367	191	125	lacks	lack	VERB
taxlaw-8367	191	126	the	the	DET
taxlaw-8367	191	127	requisite	requisite	ADJ
taxlaw-8367	191	128	after	after	ADP
taxlaw-8367	191	129	-	-	PUNCT
taxlaw-8367	191	130	tax	tax	NOUN
taxlaw-8367	191	131	investment	investment	NOUN
taxlaw-8367	191	132	.	.	PUNCT
taxlaw-8367	192	1	in	in	ADP
taxlaw-8367	192	2	economic	economic	ADJ
taxlaw-8367	192	3	terms	term	NOUN
taxlaw-8367	192	4	,	,	PUNCT
taxlaw-8367	192	5	arm’s	arm’s	NUM
taxlaw-8367	192	6	-	-	PUNCT
taxlaw-8367	192	7	length	length	NOUN
taxlaw-8367	192	8	exchanges	exchange	NOUN
taxlaw-8367	192	9	involve	involve	VERB
taxlaw-8367	192	10	no	no	DET
taxlaw-8367	192	11	income	income	NOUN
taxlaw-8367	192	12	to	to	ADP
taxlaw-8367	192	13	either	either	DET
taxlaw-8367	192	14	party	party	NOUN
taxlaw-8367	192	15	because	because	SCONJ
taxlaw-8367	192	16	parties	party	NOUN
taxlaw-8367	192	17	acting	act	VERB
taxlaw-8367	192	18	at	at	ADP
taxlaw-8367	192	19	arm	arm	NOUN
taxlaw-8367	192	20	’s	’s	PART
taxlaw-8367	192	21	length	length	NOUN
taxlaw-8367	192	22	do	do	AUX
taxlaw-8367	192	23	not	not	PART
taxlaw-8367	192	24	voluntarily	voluntarily	ADV
taxlaw-8367	192	25	part	part	NOUN
taxlaw-8367	192	26	with	with	ADP
taxlaw-8367	192	27	value	value	NOUN
taxlaw-8367	192	28	;	;	PUNCT
taxlaw-8367	192	29	they	they	PRON
taxlaw-8367	192	30	exchange	exchange	VERB
taxlaw-8367	192	31	items	item	NOUN
taxlaw-8367	192	32	(	(	PUNCT
taxlaw-8367	192	33	including	include	VERB
taxlaw-8367	192	34	possibly	possibly	ADV
taxlaw-8367	192	35	services	service	NOUN
taxlaw-8367	192	36	)	)	PUNCT
taxlaw-8367	192	37	of	of	ADP
taxlaw-8367	192	38	equal	equal	ADJ
taxlaw-8367	192	39	market	market	NOUN
taxlaw-8367	192	40	value	value	NOUN
taxlaw-8367	192	41	,	,	PUNCT
taxlaw-8367	192	42	typically	typically	ADV
taxlaw-8367	192	43	because	because	SCONJ
taxlaw-8367	192	44	there	there	PRON
taxlaw-8367	192	45	is	be	VERB
taxlaw-8367	192	46	private	private	ADJ
taxlaw-8367	192	47	surplus	surplus	NOUN
taxlaw-8367	192	48	associated	associate	VERB
taxlaw-8367	192	49	with	with	ADP
taxlaw-8367	192	50	doing	do	VERB
taxlaw-8367	192	51	so.38	so.38	NOUN
taxlaw-8367	192	52	rather	rather	ADV
taxlaw-8367	192	53	,	,	PUNCT
taxlaw-8367	192	54	exchanges	exchange	NOUN
taxlaw-8367	192	55	are	be	AUX
taxlaw-8367	192	56	taxable	taxable	ADJ
taxlaw-8367	192	57	if	if	SCONJ
taxlaw-8367	192	58	,	,	PUNCT
taxlaw-8367	192	59	and	and	CCONJ
taxlaw-8367	192	60	to	to	ADP
taxlaw-8367	192	61	the	the	DET
taxlaw-8367	192	62	extent	extent	NOUN
taxlaw-8367	192	63	,	,	PUNCT
taxlaw-8367	192	64	that	that	SCONJ
taxlaw-8367	192	65	a	a	DET
taxlaw-8367	192	66	transferor	transferor	NOUN
taxlaw-8367	192	67	receives	receive	VERB
taxlaw-8367	192	68	value	value	NOUN
taxlaw-8367	192	69	in	in	ADP
taxlaw-8367	192	70	excess	excess	NOUN
taxlaw-8367	192	71	of	of	ADP
taxlaw-8367	192	72	her	her	PRON
taxlaw-8367	192	73	already	already	ADV
taxlaw-8367	192	74	-	-	PUNCT
taxlaw-8367	192	75	taxed	tax	VERB
taxlaw-8367	192	76	investment	investment	NOUN
taxlaw-8367	192	77	in	in	ADP
taxlaw-8367	192	78	whatever	whatever	PRON
taxlaw-8367	192	79	she	she	PRON
taxlaw-8367	192	80	has	have	AUX
taxlaw-8367	192	81	surrendered	surrender	VERB
taxlaw-8367	192	82	for	for	ADP
taxlaw-8367	192	83	that	that	DET
taxlaw-8367	192	84	value	value	NOUN
taxlaw-8367	192	85	(	(	PUNCT
taxlaw-8367	192	86	and	and	CCONJ
taxlaw-8367	192	87	,	,	PUNCT
taxlaw-8367	192	88	correspondingly	correspondingly	ADV
taxlaw-8367	192	89	,	,	PUNCT
taxlaw-8367	192	90	a	a	DET
taxlaw-8367	192	91	deduction	deduction	NOUN
taxlaw-8367	192	92	if	if	SCONJ
taxlaw-8367	192	93	after	after	ADP
taxlaw-8367	192	94	-	-	PUNCT
taxlaw-8367	192	95	tax	tax	NOUN
taxlaw-8367	192	96	investment	investment	NOUN
taxlaw-8367	192	97	exceeds	exceed	VERB
taxlaw-8367	192	98	value	value	NOUN
taxlaw-8367	192	99	received	receive	VERB
taxlaw-8367	192	100	,	,	PUNCT
taxlaw-8367	192	101	subject	subject	ADJ
taxlaw-8367	192	102	to	to	ADP
taxlaw-8367	192	103	exceptions).39	exceptions).39	PROPN
taxlaw-8367	192	104	in	in	ADP
taxlaw-8367	192	105	the	the	DET
taxlaw-8367	192	106	buyer	buyer	NOUN
taxlaw-8367	192	107	/	/	SYM
taxlaw-8367	192	108	seller	seller	NOUN
taxlaw-8367	192	109	example	example	NOUN
taxlaw-8367	192	110	,	,	PUNCT
taxlaw-8367	192	111	seller	seller	NOUN
taxlaw-8367	192	112	does	do	AUX
taxlaw-8367	192	113	not	not	PART
taxlaw-8367	192	114	have	have	VERB
taxlaw-8367	192	115	$	$	SYM
taxlaw-8367	192	116	300	300	NUM
taxlaw-8367	192	117	of	of	ADP
taxlaw-8367	192	118	economic	economic	ADJ
taxlaw-8367	192	119	income	income	NOUN
taxlaw-8367	192	120	;	;	PUNCT
taxlaw-8367	192	121	that	that	SCONJ
taxlaw-8367	192	122	$	$	SYM
taxlaw-8367	192	123	300	300	NUM
taxlaw-8367	192	124	of	of	ADP
taxlaw-8367	192	125	value	value	NOUN
taxlaw-8367	192	126	accrued	accrue	VERB
taxlaw-8367	192	127	during	during	ADP
taxlaw-8367	192	128	her	her	PRON
taxlaw-8367	192	129	ownership	ownership	NOUN
taxlaw-8367	192	130	of	of	ADP
taxlaw-8367	192	131	the	the	DET
taxlaw-8367	192	132	asset	asset	NOUN
taxlaw-8367	192	133	,	,	PUNCT
taxlaw-8367	192	134	before	before	ADP
taxlaw-8367	192	135	its	its	PRON
taxlaw-8367	192	136	disposition	disposition	NOUN
taxlaw-8367	192	137	,	,	PUNCT
taxlaw-8367	192	138	a	a	DET
taxlaw-8367	192	139	fact	fact	NOUN
taxlaw-8367	192	140	that	that	PRON
taxlaw-8367	192	141	explains	explain	VERB
taxlaw-8367	192	142	why	why	SCONJ
taxlaw-8367	192	143	buyer	buyer	NOUN
taxlaw-8367	192	144	is	be	AUX
taxlaw-8367	192	145	willing	willing	ADJ
taxlaw-8367	192	146	to	to	PART
taxlaw-8367	192	147	part	part	VERB
taxlaw-8367	192	148	with	with	ADP
taxlaw-8367	192	149	$	$	SYM
taxlaw-8367	192	150	1,000	1,000	NUM
taxlaw-8367	192	151	for	for	ADP
taxlaw-8367	192	152	it	it	PRON
taxlaw-8367	192	153	.	.	PUNCT
taxlaw-8367	193	1	instead	instead	ADV
taxlaw-8367	193	2	,	,	PUNCT
taxlaw-8367	193	3	she	she	PRON
taxlaw-8367	193	4	has	have	VERB
taxlaw-8367	193	5	zero	zero	NUM
taxlaw-8367	193	6	economic	economic	ADJ
taxlaw-8367	193	7	income	income	NOUN
taxlaw-8367	193	8	but	but	CCONJ
taxlaw-8367	193	9	$	$	SYM
taxlaw-8367	193	10	300	300	NUM
taxlaw-8367	193	11	of	of	ADP
taxlaw-8367	193	12	taxable	taxable	ADJ
taxlaw-8367	193	13	income	income	NOUN
taxlaw-8367	193	14	,	,	PUNCT
taxlaw-8367	193	15	and	and	CCONJ
taxlaw-8367	193	16	this	this	PRON
taxlaw-8367	193	17	is	be	AUX
taxlaw-8367	193	18	because	because	SCONJ
taxlaw-8367	193	19	of	of	ADP
taxlaw-8367	193	20	the	the	DET
taxlaw-8367	193	21	confluence	confluence	NOUN
taxlaw-8367	193	22	of	of	ADP
taxlaw-8367	193	23	two	two	NUM
taxlaw-8367	193	24	features	feature	NOUN
taxlaw-8367	193	25	of	of	ADP
taxlaw-8367	193	26	the	the	DET
taxlaw-8367	193	27	income	income	NOUN
taxlaw-8367	193	28	tax	tax	NOUN
taxlaw-8367	193	29	.	.	PUNCT
taxlaw-8367	194	1	first	first	ADV
taxlaw-8367	194	2	,	,	PUNCT
taxlaw-8367	194	3	she	she	PRON
taxlaw-8367	194	4	had	have	AUX
taxlaw-8367	194	5	only	only	ADV
taxlaw-8367	194	6	been	be	AUX
taxlaw-8367	194	7	taxed	tax	VERB
taxlaw-8367	194	8	on	on	ADP
taxlaw-8367	194	9	$	$	SYM
taxlaw-8367	194	10	700	700	NUM
taxlaw-8367	194	11	of	of	ADP
taxlaw-8367	194	12	the	the	DET
taxlaw-8367	194	13	painting	painting	NOUN
taxlaw-8367	194	14	’s	’s	PART
taxlaw-8367	194	15	$	$	SYM
taxlaw-8367	194	16	1,000	1,000	NUM
taxlaw-8367	194	17	value	value	NOUN
taxlaw-8367	194	18	before	before	ADP
taxlaw-8367	194	19	the	the	DET
taxlaw-8367	194	20	exchange	exchange	NOUN
taxlaw-8367	194	21	;	;	PUNCT
taxlaw-8367	194	22	and	and	CCONJ
taxlaw-8367	194	23	second	second	ADJ
taxlaw-8367	194	24	,	,	PUNCT
taxlaw-8367	194	25	under	under	ADP
taxlaw-8367	194	26	a	a	DET
taxlaw-8367	194	27	realization	realization	NOUN
taxlaw-8367	194	28	-	-	PUNCT
taxlaw-8367	194	29	based	base	VERB
taxlaw-8367	194	30	tax	tax	NOUN
taxlaw-8367	194	31	system	system	NOUN
taxlaw-8367	194	32	,	,	PUNCT
taxlaw-8367	194	33	accrued	accrue	VERB
taxlaw-8367	194	34	gains	gain	NOUN
taxlaw-8367	194	35	are	be	AUX
taxlaw-8367	194	36	generally	generally	ADV
taxlaw-8367	194	37	taxed	tax	VERB
taxlaw-8367	194	38	on	on	ADP
taxlaw-8367	194	39	disposition	disposition	NOUN
taxlaw-8367	194	40	.	.	PUNCT
taxlaw-8367	195	1	the	the	DET
taxlaw-8367	195	2	sale	sale	NOUN
taxlaw-8367	195	3	,	,	PUNCT
taxlaw-8367	195	4	as	as	ADP
taxlaw-8367	195	5	a	a	DET
taxlaw-8367	195	6	realization	realization	NOUN
taxlaw-8367	195	7	event	event	NOUN
taxlaw-8367	195	8	,	,	PUNCT
taxlaw-8367	195	9	sufficed	suffice	VERB
taxlaw-8367	195	10	to	to	PART
taxlaw-8367	195	11	trigger	trigger	VERB
taxlaw-8367	195	12	a	a	DET
taxlaw-8367	195	13	tax	tax	NOUN
taxlaw-8367	195	14	on	on	ADP
taxlaw-8367	195	15	the	the	DET
taxlaw-8367	195	16	previously	previously	ADV
taxlaw-8367	195	17	untaxed	untaxed	ADJ
taxlaw-8367	195	18	gain	gain	NOUN
taxlaw-8367	195	19	in	in	ADP
taxlaw-8367	195	20	the	the	DET
taxlaw-8367	195	21	absence	absence	NOUN
taxlaw-8367	195	22	of	of	ADP
taxlaw-8367	195	23	any	any	DET
taxlaw-8367	195	24	special	special	ADJ
taxlaw-8367	195	25	rule	rule	NOUN
taxlaw-8367	195	26	that	that	PRON
taxlaw-8367	195	27	would	would	AUX
taxlaw-8367	195	28	defer	defer	VERB
taxlaw-8367	195	29	or	or	CCONJ
taxlaw-8367	195	30	possibly	possibly	ADV
taxlaw-8367	195	31	exempt	exempt	VERB
taxlaw-8367	195	32	the	the	DET
taxlaw-8367	195	33	gain.40	gain.40	NOUN
taxlaw-8367	195	34	it	it	PRON
taxlaw-8367	195	35	is	be	AUX
taxlaw-8367	195	36	hard	hard	ADJ
taxlaw-8367	195	37	to	to	PART
taxlaw-8367	195	38	see	see	VERB
taxlaw-8367	195	39	how	how	SCONJ
taxlaw-8367	195	40	the	the	DET
taxlaw-8367	195	41	loan	loan	NOUN
taxlaw-8367	195	42	case	case	NOUN
taxlaw-8367	195	43	differs	differ	VERB
taxlaw-8367	195	44	from	from	ADP
taxlaw-8367	195	45	a	a	DET
taxlaw-8367	195	46	taxable	taxable	ADJ
taxlaw-8367	195	47	exchange	exchange	NOUN
taxlaw-8367	195	48	if	if	SCONJ
taxlaw-8367	195	49	the	the	DET
taxlaw-8367	195	50	standard	standard	ADJ
taxlaw-8367	195	51	view	view	NOUN
taxlaw-8367	195	52	is	be	AUX
taxlaw-8367	195	53	correct	correct	ADJ
taxlaw-8367	195	54	.	.	PUNCT
taxlaw-8367	196	1	borrower	borrower	NOUN
taxlaw-8367	196	2	exchanges	exchange	NOUN
taxlaw-8367	196	3	promises	promise	VERB
taxlaw-8367	196	4	concededly	concededly	ADV
taxlaw-8367	196	5	worth	worth	ADJ
taxlaw-8367	196	6	the	the	DET
taxlaw-8367	196	7	value	value	NOUN
taxlaw-8367	196	8	of	of	ADP
taxlaw-8367	196	9	what	what	PRON
taxlaw-8367	196	10	she	she	PRON
taxlaw-8367	196	11	receives	receive	VERB
taxlaw-8367	196	12	from	from	ADP
taxlaw-8367	196	13	lender	lender	NOUN
taxlaw-8367	196	14	;	;	PUNCT
taxlaw-8367	196	15	otherwise	otherwise	ADV
taxlaw-8367	196	16	,	,	PUNCT
taxlaw-8367	196	17	lender	lender	NOUN
taxlaw-8367	196	18	would	would	AUX
taxlaw-8367	196	19	not	not	PART
taxlaw-8367	196	20	engage	engage	VERB
taxlaw-8367	196	21	in	in	ADP
taxlaw-8367	196	22	the	the	DET
taxlaw-8367	196	23	transaction	transaction	NOUN
taxlaw-8367	196	24	.	.	PUNCT
taxlaw-8367	197	1	but	but	CCONJ
taxlaw-8367	197	2	borrower	borrower	NOUN
taxlaw-8367	197	3	has	have	AUX
taxlaw-8367	197	4	made	make	VERB
taxlaw-8367	197	5	no	no	DET
taxlaw-8367	197	6	after	after	ADP
taxlaw-8367	197	7	-	-	PUNCT
taxlaw-8367	197	8	tax	tax	NOUN
taxlaw-8367	197	9	investment	investment	NOUN
taxlaw-8367	197	10	in	in	ADP
taxlaw-8367	197	11	her	her	PRON
taxlaw-8367	197	12	promises	promise	NOUN
taxlaw-8367	197	13	.	.	PUNCT
taxlaw-8367	198	1	if	if	SCONJ
taxlaw-8367	198	2	what	what	PRON
taxlaw-8367	198	3	she	she	PRON
taxlaw-8367	198	4	receives	receive	VERB
taxlaw-8367	198	5	has	have	VERB
taxlaw-8367	198	6	any	any	DET
taxlaw-8367	198	7	value	value	NOUN
taxlaw-8367	198	8	at	at	ADV
taxlaw-8367	198	9	all	all	ADV
taxlaw-8367	198	10	,	,	PUNCT
taxlaw-8367	198	11	it	it	PRON
taxlaw-8367	198	12	seems	seem	VERB
taxlaw-8367	198	13	she	she	PRON
taxlaw-8367	198	14	should	should	AUX
taxlaw-8367	198	15	be	be	AUX
taxlaw-8367	198	16	taxed	tax	VERB
taxlaw-8367	198	17	on	on	ADP
taxlaw-8367	198	18	the	the	DET
taxlaw-8367	198	19	receipt	receipt	NOUN
taxlaw-8367	198	20	(	(	PUNCT
taxlaw-8367	198	21	again	again	ADV
taxlaw-8367	198	22	,	,	PUNCT
taxlaw-8367	198	23	under	under	ADP
taxlaw-8367	198	24	the	the	DET
taxlaw-8367	198	25	standard	standard	ADJ
taxlaw-8367	198	26	view	view	NOUN
taxlaw-8367	198	27	)	)	PUNCT
taxlaw-8367	198	28	.	.	PUNCT
taxlaw-8367	199	1	other	other	ADJ
taxlaw-8367	199	2	critics	critic	NOUN
taxlaw-8367	199	3	of	of	ADP
taxlaw-8367	199	4	the	the	DET
taxlaw-8367	199	5	current	current	ADJ
taxlaw-8367	199	6	rules	rule	NOUN
taxlaw-8367	199	7	take	take	VERB
taxlaw-8367	199	8	a	a	DET
taxlaw-8367	199	9	softer	soft	ADJ
taxlaw-8367	199	10	view	view	NOUN
taxlaw-8367	199	11	,	,	PUNCT
taxlaw-8367	199	12	generally	generally	ADV
taxlaw-8367	199	13	on	on	ADP
taxlaw-8367	199	14	the	the	DET
taxlaw-8367	199	15	basis	basis	NOUN
taxlaw-8367	199	16	that	that	SCONJ
taxlaw-8367	199	17	policy	policy	NOUN
taxlaw-8367	199	18	goals	goal	NOUN
taxlaw-8367	199	19	other	other	ADJ
taxlaw-8367	199	20	than	than	ADP
taxlaw-8367	199	21	taxing	tax	VERB
taxlaw-8367	199	22	realized	realize	VERB
taxlaw-8367	199	23	income	income	NOUN
taxlaw-8367	199	24	may	may	AUX
taxlaw-8367	199	25	justify	justify	VERB
taxlaw-8367	199	26	deferral	deferral	ADJ
taxlaw-8367	199	27	of	of	ADP
taxlaw-8367	199	28	tax	tax	NOUN
taxlaw-8367	199	29	on	on	ADP
taxlaw-8367	199	30	receipt	receipt	NOUN
taxlaw-8367	199	31	of	of	ADP
taxlaw-8367	199	32	loan	loan	NOUN
taxlaw-8367	199	33	proceeds	proceed	NOUN
taxlaw-8367	199	34	even	even	ADV
taxlaw-8367	199	35	though	though	SCONJ
taxlaw-8367	199	36	the	the	DET
taxlaw-8367	199	37	borrower	borrower	NOUN
taxlaw-8367	199	38	may	may	AUX
taxlaw-8367	199	39	have	have	VERB
taxlaw-8367	199	40	income	income	NOUN
taxlaw-8367	199	41	strictly	strictly	ADV
taxlaw-8367	199	42	speaking	speak	VERB
taxlaw-8367	199	43	.	.	PUNCT
taxlaw-8367	200	1	there	there	PRON
taxlaw-8367	200	2	are	be	VERB
taxlaw-8367	200	3	numerous	numerous	ADJ
taxlaw-8367	200	4	transactions	transaction	NOUN
taxlaw-8367	200	5	for	for	ADP
taxlaw-8367	200	6	which	which	PRON
taxlaw-8367	200	7	congress	congress	PROPN
taxlaw-8367	200	8	has	have	AUX
taxlaw-8367	200	9	explicitly	explicitly	ADV
taxlaw-8367	200	10	provided	provide	VERB
taxlaw-8367	200	11	nonrecognition	nonrecognition	NOUN
taxlaw-8367	200	12	35	35	NUM
taxlaw-8367	200	13	see	see	NOUN
taxlaw-8367	200	14	,	,	PUNCT
taxlaw-8367	200	15	e.g.	e.g.	ADV
taxlaw-8367	200	16	,	,	PUNCT
taxlaw-8367	200	17	schlude	schlude	ADJ
taxlaw-8367	200	18	v.	v.	ADP
taxlaw-8367	200	19	comm’r	comm’r	NOUN
taxlaw-8367	200	20	,	,	PUNCT
taxlaw-8367	200	21	372	372	NUM
taxlaw-8367	200	22	u.s	u.s	PROPN
taxlaw-8367	200	23	.	.	PROPN
taxlaw-8367	200	24	128	128	NUM
taxlaw-8367	200	25	(	(	PUNCT
taxlaw-8367	200	26	1963	1963	NUM
taxlaw-8367	200	27	)	)	PUNCT
taxlaw-8367	200	28	(	(	PUNCT
taxlaw-8367	200	29	advance	advance	NOUN
taxlaw-8367	200	30	payments	payment	NOUN
taxlaw-8367	200	31	for	for	ADP
taxlaw-8367	200	32	future	future	ADJ
taxlaw-8367	200	33	dance	dance	NOUN
taxlaw-8367	200	34	lessons	lesson	NOUN
taxlaw-8367	200	35	includible	includible	VERB
taxlaw-8367	200	36	on	on	ADP
taxlaw-8367	200	37	receipt	receipt	NOUN
taxlaw-8367	200	38	even	even	ADV
taxlaw-8367	200	39	though	though	SCONJ
taxlaw-8367	200	40	the	the	DET
taxlaw-8367	200	41	taxpayer	taxpayer	NOUN
taxlaw-8367	200	42	used	use	VERB
taxlaw-8367	200	43	an	an	DET
taxlaw-8367	200	44	accrual	accrual	ADJ
taxlaw-8367	200	45	method	method	NOUN
taxlaw-8367	200	46	)	)	PUNCT
taxlaw-8367	200	47	.	.	PUNCT
taxlaw-8367	201	1	sections	section	NOUN
taxlaw-8367	201	2	451(b	451(b	PROPN
taxlaw-8367	201	3	)	)	PUNCT
taxlaw-8367	201	4	and	and	CCONJ
taxlaw-8367	201	5	(	(	PUNCT
taxlaw-8367	201	6	c	c	X
taxlaw-8367	201	7	)	)	PUNCT
taxlaw-8367	201	8	have	have	AUX
taxlaw-8367	201	9	codified	codify	VERB
taxlaw-8367	201	10	the	the	DET
taxlaw-8367	201	11	schlude	schlude	ADJ
taxlaw-8367	201	12	rule	rule	NOUN
taxlaw-8367	201	13	to	to	ADP
taxlaw-8367	201	14	some	some	DET
taxlaw-8367	201	15	extent	extent	NOUN
taxlaw-8367	201	16	.	.	PUNCT
taxlaw-8367	202	1	36	36	NUM
taxlaw-8367	202	2	treas	trea	NOUN
taxlaw-8367	202	3	.	.	PUNCT
taxlaw-8367	203	1	reg	reg	PROPN
taxlaw-8367	203	2	.	.	PUNCT
taxlaw-8367	204	1	§	§	PROPN
taxlaw-8367	204	2	1.451–1(a	1.451–1(a	NUM
taxlaw-8367	204	3	)	)	PUNCT
taxlaw-8367	204	4	.	.	PUNCT
taxlaw-8367	205	1	37	37	NUM
taxlaw-8367	205	2	am	am	NOUN
taxlaw-8367	205	3	.	.	PUNCT
taxlaw-8367	206	1	auto	auto	NOUN
taxlaw-8367	206	2	.	.	PUNCT
taxlaw-8367	207	1	ass’n	ass’n	PROPN
taxlaw-8367	207	2	v.	v.	CCONJ
taxlaw-8367	207	3	u.s	u.s	PROPN
taxlaw-8367	207	4	.	.	PROPN
taxlaw-8367	207	5	,	,	PUNCT
taxlaw-8367	207	6	367	367	NUM
taxlaw-8367	207	7	u.s	u.s	PROPN
taxlaw-8367	207	8	.	.	PROPN
taxlaw-8367	207	9	687	687	NUM
taxlaw-8367	207	10	(	(	PUNCT
taxlaw-8367	207	11	1961	1961	NUM
taxlaw-8367	207	12	)	)	PUNCT
taxlaw-8367	207	13	.	.	PUNCT
taxlaw-8367	208	1	38	38	NUM
taxlaw-8367	208	2	the	the	DET
taxlaw-8367	208	3	principle	principle	NOUN
taxlaw-8367	208	4	is	be	AUX
taxlaw-8367	208	5	subject	subject	ADJ
taxlaw-8367	208	6	to	to	ADP
taxlaw-8367	208	7	some	some	DET
taxlaw-8367	208	8	exceptions	exception	NOUN
taxlaw-8367	208	9	not	not	PART
taxlaw-8367	208	10	pertinent	pertinent	ADJ
taxlaw-8367	208	11	to	to	ADP
taxlaw-8367	208	12	the	the	DET
taxlaw-8367	208	13	analysis	analysis	NOUN
taxlaw-8367	208	14	here	here	ADV
taxlaw-8367	208	15	.	.	PUNCT
taxlaw-8367	209	1	for	for	ADP
taxlaw-8367	209	2	example	example	NOUN
taxlaw-8367	209	3	,	,	PUNCT
taxlaw-8367	209	4	a	a	DET
taxlaw-8367	209	5	distressed	distressed	ADJ
taxlaw-8367	209	6	seller	seller	NOUN
taxlaw-8367	209	7	may	may	AUX
taxlaw-8367	209	8	settle	settle	VERB
taxlaw-8367	209	9	for	for	ADP
taxlaw-8367	209	10	less	less	ADJ
taxlaw-8367	209	11	than	than	ADP
taxlaw-8367	209	12	fair	fair	ADJ
taxlaw-8367	209	13	market	market	NOUN
taxlaw-8367	209	14	value	value	NOUN
taxlaw-8367	209	15	on	on	ADP
taxlaw-8367	209	16	an	an	DET
taxlaw-8367	209	17	exchange	exchange	NOUN
taxlaw-8367	209	18	,	,	PUNCT
taxlaw-8367	209	19	or	or	CCONJ
taxlaw-8367	209	20	a	a	DET
taxlaw-8367	209	21	thin	thin	ADJ
taxlaw-8367	209	22	market	market	NOUN
taxlaw-8367	209	23	may	may	AUX
taxlaw-8367	209	24	result	result	VERB
taxlaw-8367	209	25	in	in	ADP
taxlaw-8367	209	26	a	a	DET
taxlaw-8367	209	27	price	price	NOUN
taxlaw-8367	209	28	different	different	ADJ
taxlaw-8367	209	29	from	from	ADP
taxlaw-8367	209	30	the	the	DET
taxlaw-8367	209	31	price	price	NOUN
taxlaw-8367	209	32	that	that	PRON
taxlaw-8367	209	33	would	would	AUX
taxlaw-8367	209	34	result	result	VERB
taxlaw-8367	209	35	if	if	SCONJ
taxlaw-8367	209	36	the	the	DET
taxlaw-8367	209	37	subject	subject	ADJ
taxlaw-8367	209	38	property	property	NOUN
taxlaw-8367	209	39	were	be	AUX
taxlaw-8367	209	40	of	of	ADP
taxlaw-8367	209	41	a	a	DET
taxlaw-8367	209	42	kind	kind	NOUN
taxlaw-8367	209	43	widely	widely	ADV
taxlaw-8367	209	44	traded	trade	VERB
taxlaw-8367	209	45	.	.	PUNCT
taxlaw-8367	210	1	39	39	NUM
taxlaw-8367	210	2	i.r.c	i.r.c	NOUN
taxlaw-8367	210	3	.	.	PUNCT
taxlaw-8367	211	1	§	§	PROPN
taxlaw-8367	211	2	165	165	NUM
taxlaw-8367	211	3	.	.	PUNCT
taxlaw-8367	212	1	note	note	VERB
taxlaw-8367	212	2	that	that	SCONJ
taxlaw-8367	212	3	most	most	ADJ
taxlaw-8367	212	4	losses	loss	NOUN
taxlaw-8367	212	5	on	on	ADP
taxlaw-8367	212	6	personal	personal	ADJ
taxlaw-8367	212	7	property	property	NOUN
taxlaw-8367	212	8	are	be	AUX
taxlaw-8367	212	9	disallowed	disallow	VERB
taxlaw-8367	212	10	.	.	PUNCT
taxlaw-8367	213	1	see	see	VERB
taxlaw-8367	213	2	i.r.c	i.r.c	NOUN
taxlaw-8367	213	3	.	.	PUNCT
taxlaw-8367	214	1	§	§	PROPN
taxlaw-8367	214	2	165(c	165(c	PROPN
taxlaw-8367	214	3	)	)	PUNCT
taxlaw-8367	214	4	.	.	PUNCT
taxlaw-8367	215	1	the	the	DET
taxlaw-8367	215	2	general	general	ADJ
taxlaw-8367	215	3	theory	theory	NOUN
taxlaw-8367	215	4	of	of	ADP
taxlaw-8367	215	5	the	the	DET
taxlaw-8367	215	6	disallowance	disallowance	NOUN
taxlaw-8367	215	7	is	be	AUX
taxlaw-8367	215	8	that	that	SCONJ
taxlaw-8367	215	9	in	in	ADP
taxlaw-8367	215	10	most	most	ADJ
taxlaw-8367	215	11	cases	case	NOUN
taxlaw-8367	215	12	the	the	DET
taxlaw-8367	215	13	taxpayer	taxpayer	NOUN
taxlaw-8367	215	14	has	have	AUX
taxlaw-8367	215	15	consumed	consume	VERB
taxlaw-8367	215	16	the	the	DET
taxlaw-8367	215	17	difference	difference	NOUN
taxlaw-8367	215	18	between	between	ADP
taxlaw-8367	215	19	basis	basis	NOUN
taxlaw-8367	215	20	and	and	CCONJ
taxlaw-8367	215	21	value	value	NOUN
taxlaw-8367	215	22	through	through	ADP
taxlaw-8367	215	23	use	use	NOUN
taxlaw-8367	215	24	.	.	PUNCT
taxlaw-8367	216	1	40	40	NUM
taxlaw-8367	216	2	i.r.c	i.r.c	NOUN
taxlaw-8367	216	3	.	.	PUNCT
taxlaw-8367	217	1	§	§	PROPN
taxlaw-8367	217	2	1001(a	1001(a	NUM
taxlaw-8367	217	3	)	)	PUNCT
taxlaw-8367	217	4	.	.	PUNCT
taxlaw-8367	218	1	various	various	ADJ
taxlaw-8367	218	2	nonrecognition	nonrecognition	NOUN
taxlaw-8367	218	3	provisions	provision	NOUN
taxlaw-8367	218	4	apply	apply	VERB
taxlaw-8367	218	5	to	to	PART
taxlaw-8367	218	6	defer	defer	VERB
taxlaw-8367	218	7	gain	gain	NOUN
taxlaw-8367	218	8	in	in	ADP
taxlaw-8367	218	9	some	some	DET
taxlaw-8367	218	10	cases	case	NOUN
taxlaw-8367	218	11	.	.	PUNCT
taxlaw-8367	219	1	these	these	DET
taxlaw-8367	219	2	provisions	provision	NOUN
taxlaw-8367	219	3	generally	generally	ADV
taxlaw-8367	219	4	reflect	reflect	VERB
taxlaw-8367	219	5	non	non	ADJ
taxlaw-8367	219	6	-	-	ADJ
taxlaw-8367	219	7	income	income	ADJ
taxlaw-8367	219	8	tax	tax	NOUN
taxlaw-8367	219	9	policy	policy	NOUN
taxlaw-8367	219	10	goals	goal	NOUN
taxlaw-8367	219	11	.	.	PUNCT
taxlaw-8367	220	1	see	see	VERB
taxlaw-8367	220	2	,	,	PUNCT
taxlaw-8367	220	3	e.g.	e.g.	ADV
taxlaw-8367	220	4	,	,	PUNCT
taxlaw-8367	220	5	i.r.c	i.r.c	NOUN
taxlaw-8367	220	6	.	.	PUNCT
taxlaw-8367	221	1	§	§	PROPN
taxlaw-8367	221	2	102(a	102(a	PROPN
taxlaw-8367	221	3	)	)	PUNCT
taxlaw-8367	221	4	(	(	PUNCT
taxlaw-8367	221	5	donee	donee	NOUN
taxlaw-8367	221	6	not	not	PART
taxlaw-8367	221	7	taxed	tax	VERB
taxlaw-8367	221	8	on	on	ADP
taxlaw-8367	221	9	receipt	receipt	NOUN
taxlaw-8367	221	10	of	of	ADP
taxlaw-8367	221	11	gift	gift	NOUN
taxlaw-8367	221	12	)	)	PUNCT
taxlaw-8367	221	13	;	;	PUNCT
taxlaw-8367	221	14	i.r.c	i.r.c	NOUN
taxlaw-8367	221	15	.	.	PUNCT
taxlaw-8367	222	1	§	§	PROPN
taxlaw-8367	222	2	1031(a	1031(a	NUM
taxlaw-8367	222	3	)	)	PUNCT
taxlaw-8367	222	4	(	(	PUNCT
taxlaw-8367	222	5	gain	gain	NOUN
taxlaw-8367	222	6	or	or	CCONJ
taxlaw-8367	222	7	loss	loss	NOUN
taxlaw-8367	222	8	realized	realize	VERB
taxlaw-8367	222	9	in	in	ADP
taxlaw-8367	222	10	a	a	DET
taxlaw-8367	222	11	like	like	ADJ
taxlaw-8367	222	12	-	-	PUNCT
taxlaw-8367	222	13	kind	kind	NOUN
taxlaw-8367	222	14	exchange	exchange	NOUN
taxlaw-8367	222	15	is	be	AUX
taxlaw-8367	222	16	not	not	PART
taxlaw-8367	222	17	recognized	recognize	VERB
taxlaw-8367	222	18	)	)	PUNCT
taxlaw-8367	222	19	.	.	PUNCT
taxlaw-8367	223	1	less	less	ADV
taxlaw-8367	223	2	commonly	commonly	ADV
taxlaw-8367	223	3	,	,	PUNCT
taxlaw-8367	223	4	gain	gain	NOUN
taxlaw-8367	223	5	may	may	AUX
taxlaw-8367	223	6	permanently	permanently	ADV
taxlaw-8367	223	7	escape	escape	VERB
taxlaw-8367	223	8	tax	tax	NOUN
taxlaw-8367	223	9	.	.	PUNCT
taxlaw-8367	224	1	see	see	VERB
taxlaw-8367	224	2	,	,	PUNCT
taxlaw-8367	224	3	e.g.	e.g.	ADV
taxlaw-8367	224	4	,	,	PUNCT
taxlaw-8367	224	5	i.r.c	i.r.c	NOUN
taxlaw-8367	224	6	.	.	PUNCT
taxlaw-8367	225	1	§	§	PROPN
taxlaw-8367	225	2	§	§	PROPN
taxlaw-8367	225	3	1014(a	1014(a	NOUN
taxlaw-8367	225	4	)	)	PUNCT
taxlaw-8367	225	5	,	,	PUNCT
taxlaw-8367	225	6	102(a	102(a	PROPN
taxlaw-8367	225	7	)	)	PUNCT
taxlaw-8367	225	8	(	(	PUNCT
taxlaw-8367	225	9	basis	basis	NOUN
taxlaw-8367	225	10	in	in	ADP
taxlaw-8367	225	11	property	property	NOUN
taxlaw-8367	225	12	received	receive	VERB
taxlaw-8367	225	13	from	from	ADP
taxlaw-8367	225	14	a	a	DET
taxlaw-8367	225	15	decedent	decedent	NOUN
taxlaw-8367	225	16	is	be	AUX
taxlaw-8367	225	17	its	its	PRON
taxlaw-8367	225	18	fair	fair	ADJ
taxlaw-8367	225	19	market	market	NOUN
taxlaw-8367	225	20	value	value	NOUN
taxlaw-8367	225	21	at	at	ADP
taxlaw-8367	225	22	time	time	NOUN
taxlaw-8367	225	23	of	of	ADP
taxlaw-8367	225	24	death	death	NOUN
taxlaw-8367	225	25	even	even	ADV
taxlaw-8367	225	26	though	though	SCONJ
taxlaw-8367	225	27	no	no	DET
taxlaw-8367	225	28	tax	tax	NOUN
taxlaw-8367	225	29	arises	arise	VERB
taxlaw-8367	225	30	on	on	ADP
taxlaw-8367	225	31	death	death	NOUN
taxlaw-8367	225	32	or	or	CCONJ
taxlaw-8367	225	33	transfer	transfer	NOUN
taxlaw-8367	225	34	)	)	PUNCT
taxlaw-8367	225	35	.	.	PUNCT
taxlaw-8367	226	1	2021	2021	NUM
taxlaw-8367	226	2	]	]	PUNCT
taxlaw-8367	226	3	debt	debt	NOUN
taxlaw-8367	226	4	and	and	CCONJ
taxlaw-8367	226	5	taxes	taxis	NOUN
taxlaw-8367	226	6	97	97	NUM
taxlaw-8367	226	7	treatment	treatment	NOUN
taxlaw-8367	226	8	on	on	ADP
taxlaw-8367	226	9	policy	policy	NOUN
taxlaw-8367	226	10	grounds	ground	NOUN
taxlaw-8367	226	11	,	,	PUNCT
taxlaw-8367	226	12	and	and	CCONJ
taxlaw-8367	226	13	one	one	PRON
taxlaw-8367	226	14	can	can	AUX
taxlaw-8367	226	15	argue	argue	VERB
taxlaw-8367	226	16	that	that	SCONJ
taxlaw-8367	226	17	loans	loan	NOUN
taxlaw-8367	226	18	are	be	AUX
taxlaw-8367	226	19	just	just	ADV
taxlaw-8367	226	20	another	another	DET
taxlaw-8367	226	21	such	such	ADJ
taxlaw-8367	226	22	case	case	NOUN
taxlaw-8367	226	23	.	.	PUNCT
taxlaw-8367	227	1	for	for	ADP
taxlaw-8367	227	2	example	example	NOUN
taxlaw-8367	227	3	,	,	PUNCT
taxlaw-8367	227	4	anthony	anthony	PROPN
taxlaw-8367	227	5	polito	polito	PROPN
taxlaw-8367	227	6	argues	argue	VERB
taxlaw-8367	227	7	that	that	SCONJ
taxlaw-8367	227	8	under	under	ADP
taxlaw-8367	227	9	an	an	DET
taxlaw-8367	227	10	income	income	NOUN
taxlaw-8367	227	11	tax	tax	NOUN
taxlaw-8367	227	12	that	that	PRON
taxlaw-8367	227	13	is	be	AUX
taxlaw-8367	227	14	triggered	trigger	VERB
taxlaw-8367	227	15	on	on	ADP
taxlaw-8367	227	16	realization	realization	NOUN
taxlaw-8367	227	17	events	event	NOUN
taxlaw-8367	227	18	,	,	PUNCT
taxlaw-8367	227	19	there	there	PRON
taxlaw-8367	227	20	is	be	VERB
taxlaw-8367	227	21	no	no	DET
taxlaw-8367	227	22	a	a	DET
taxlaw-8367	227	23	priori	priori	ADJ
taxlaw-8367	227	24	reason	reason	NOUN
taxlaw-8367	227	25	not	not	PART
taxlaw-8367	227	26	to	to	PART
taxlaw-8367	227	27	tax	tax	VERB
taxlaw-8367	227	28	the	the	DET
taxlaw-8367	227	29	receipt	receipt	NOUN
taxlaw-8367	227	30	of	of	ADP
taxlaw-8367	227	31	loan	loan	NOUN
taxlaw-8367	227	32	proceeds	proceed	NOUN
taxlaw-8367	227	33	,	,	PUNCT
taxlaw-8367	227	34	inasmuch	inasmuch	ADJ
taxlaw-8367	227	35	as	as	SCONJ
taxlaw-8367	227	36	the	the	DET
taxlaw-8367	227	37	borrower	borrower	NOUN
taxlaw-8367	227	38	faces	face	VERB
taxlaw-8367	227	39	no	no	DET
taxlaw-8367	227	40	cost	cost	NOUN
taxlaw-8367	227	41	in	in	ADP
taxlaw-8367	227	42	gaining	gain	VERB
taxlaw-8367	227	43	the	the	DET
taxlaw-8367	227	44	use	use	NOUN
taxlaw-8367	227	45	of	of	ADP
taxlaw-8367	227	46	them	they	PRON
taxlaw-8367	227	47	and	and	CCONJ
taxlaw-8367	227	48	their	their	PRON
taxlaw-8367	227	49	receipt	receipt	NOUN
taxlaw-8367	227	50	qualifies	qualify	VERB
taxlaw-8367	227	51	as	as	ADP
taxlaw-8367	227	52	a	a	DET
taxlaw-8367	227	53	realization	realization	NOUN
taxlaw-8367	227	54	event	event	NOUN
taxlaw-8367	227	55	—	—	PUNCT
taxlaw-8367	227	56	an	an	DET
taxlaw-8367	227	57	exchange	exchange	NOUN
taxlaw-8367	227	58	of	of	ADP
taxlaw-8367	227	59	the	the	DET
taxlaw-8367	227	60	promises	promise	NOUN
taxlaw-8367	227	61	for	for	ADP
taxlaw-8367	227	62	the	the	DET
taxlaw-8367	227	63	cash.41	cash.41	NOUN
taxlaw-8367	227	64	in	in	ADP
taxlaw-8367	227	65	polito	polito	PROPN
taxlaw-8367	227	66	’s	’s	PART
taxlaw-8367	227	67	view	view	NOUN
taxlaw-8367	227	68	,	,	PUNCT
taxlaw-8367	227	69	the	the	DET
taxlaw-8367	227	70	tax	tax	NOUN
taxlaw-8367	227	71	law	law	NOUN
taxlaw-8367	227	72	could	could	AUX
taxlaw-8367	227	73	equally	equally	ADV
taxlaw-8367	227	74	treat	treat	VERB
taxlaw-8367	227	75	the	the	DET
taxlaw-8367	227	76	receipt	receipt	NOUN
taxlaw-8367	227	77	as	as	ADV
taxlaw-8367	227	78	partly	partly	ADV
taxlaw-8367	227	79	taxable	taxable	ADJ
taxlaw-8367	227	80	or	or	CCONJ
taxlaw-8367	227	81	fully	fully	ADV
taxlaw-8367	227	82	taxable	taxable	ADJ
taxlaw-8367	227	83	,	,	PUNCT
taxlaw-8367	227	84	noting	note	VERB
taxlaw-8367	227	85	that	that	SCONJ
taxlaw-8367	227	86	each	each	PRON
taxlaw-8367	227	87	of	of	ADP
taxlaw-8367	227	88	these	these	DET
taxlaw-8367	227	89	methods	method	NOUN
taxlaw-8367	227	90	applies	apply	VERB
taxlaw-8367	227	91	in	in	ADP
taxlaw-8367	227	92	different	different	ADJ
taxlaw-8367	227	93	settings	setting	NOUN
taxlaw-8367	227	94	as	as	ADP
taxlaw-8367	227	95	a	a	DET
taxlaw-8367	227	96	way	way	NOUN
taxlaw-8367	227	97	to	to	PART
taxlaw-8367	227	98	account	account	VERB
taxlaw-8367	227	99	for	for	ADP
taxlaw-8367	227	100	the	the	DET
taxlaw-8367	227	101	return	return	NOUN
taxlaw-8367	227	102	of	of	ADP
taxlaw-8367	227	103	capital.42	capital.42	NOUN
taxlaw-8367	227	104	for	for	ADP
taxlaw-8367	227	105	example	example	NOUN
taxlaw-8367	227	106	,	,	PUNCT
taxlaw-8367	227	107	amounts	amount	NOUN
taxlaw-8367	227	108	received	receive	VERB
taxlaw-8367	227	109	as	as	ADP
taxlaw-8367	227	110	returns	return	NOUN
taxlaw-8367	227	111	on	on	ADP
taxlaw-8367	227	112	corporate	corporate	ADJ
taxlaw-8367	227	113	stock	stock	NOUN
taxlaw-8367	227	114	are	be	AUX
taxlaw-8367	227	115	treated	treat	VERB
taxlaw-8367	227	116	first	first	ADV
taxlaw-8367	227	117	as	as	ADP
taxlaw-8367	227	118	taxable	taxable	ADJ
taxlaw-8367	227	119	distributions	distribution	NOUN
taxlaw-8367	227	120	of	of	ADP
taxlaw-8367	227	121	corporate	corporate	ADJ
taxlaw-8367	227	122	earnings	earning	NOUN
taxlaw-8367	227	123	and	and	CCONJ
taxlaw-8367	227	124	only	only	ADV
taxlaw-8367	227	125	after	after	SCONJ
taxlaw-8367	227	126	earnings	earning	NOUN
taxlaw-8367	227	127	are	be	AUX
taxlaw-8367	227	128	exhausted	exhaust	VERB
taxlaw-8367	227	129	as	as	ADP
taxlaw-8367	227	130	a	a	DET
taxlaw-8367	227	131	return	return	NOUN
taxlaw-8367	227	132	of	of	ADP
taxlaw-8367	227	133	capital.43	capital.43	NOUN
taxlaw-8367	227	134	a	a	DET
taxlaw-8367	227	135	similar	similar	ADJ
taxlaw-8367	227	136	rule	rule	NOUN
taxlaw-8367	227	137	applies	apply	VERB
taxlaw-8367	227	138	to	to	ADP
taxlaw-8367	227	139	interest	interest	NOUN
taxlaw-8367	227	140	earned	earn	VERB
taxlaw-8367	227	141	on	on	ADP
taxlaw-8367	227	142	debt	debt	NOUN
taxlaw-8367	227	143	instruments.44	instruments.44	NOUN
taxlaw-8367	227	144	amounts	amount	NOUN
taxlaw-8367	227	145	paid	pay	VERB
taxlaw-8367	227	146	under	under	ADP
taxlaw-8367	227	147	installment	installment	NOUN
taxlaw-8367	227	148	obligations	obligation	NOUN
taxlaw-8367	227	149	received	receive	VERB
taxlaw-8367	227	150	in	in	ADP
taxlaw-8367	227	151	exchange	exchange	NOUN
taxlaw-8367	227	152	for	for	ADP
taxlaw-8367	227	153	appreciated	appreciated	ADJ
taxlaw-8367	227	154	property	property	NOUN
taxlaw-8367	227	155	,	,	PUNCT
taxlaw-8367	227	156	by	by	ADP
taxlaw-8367	227	157	contrast	contrast	NOUN
taxlaw-8367	227	158	,	,	PUNCT
taxlaw-8367	227	159	are	be	AUX
taxlaw-8367	227	160	generally	generally	ADV
taxlaw-8367	227	161	allocated	allocate	VERB
taxlaw-8367	227	162	ratably	ratably	ADV
taxlaw-8367	227	163	between	between	ADP
taxlaw-8367	227	164	gain	gain	NOUN
taxlaw-8367	227	165	and	and	CCONJ
taxlaw-8367	227	166	return	return	NOUN
taxlaw-8367	227	167	of	of	ADP
taxlaw-8367	227	168	capital.45	capital.45	NOUN
taxlaw-8367	227	169	in	in	ADP
taxlaw-8367	227	170	the	the	DET
taxlaw-8367	227	171	rare	rare	ADJ
taxlaw-8367	227	172	cases	case	NOUN
taxlaw-8367	227	173	in	in	ADP
taxlaw-8367	227	174	which	which	PRON
taxlaw-8367	227	175	the	the	DET
taxlaw-8367	227	176	open	open	ADJ
taxlaw-8367	227	177	transaction	transaction	NOUN
taxlaw-8367	227	178	doctrine	doctrine	NOUN
taxlaw-8367	227	179	applies	apply	VERB
taxlaw-8367	227	180	,	,	PUNCT
taxlaw-8367	227	181	amounts	amount	NOUN
taxlaw-8367	227	182	received	receive	VERB
taxlaw-8367	227	183	may	may	AUX
taxlaw-8367	227	184	be	be	AUX
taxlaw-8367	227	185	treated	treat	VERB
taxlaw-8367	227	186	as	as	ADP
taxlaw-8367	227	187	return	return	NOUN
taxlaw-8367	227	188	of	of	ADP
taxlaw-8367	227	189	capital	capital	NOUN
taxlaw-8367	227	190	before	before	SCONJ
taxlaw-8367	227	191	any	any	DET
taxlaw-8367	227	192	gain	gain	NOUN
taxlaw-8367	227	193	is	be	AUX
taxlaw-8367	227	194	recognized.46	recognized.46	SCONJ
taxlaw-8367	227	195	polito	polito	PROPN
taxlaw-8367	227	196	considers	consider	VERB
taxlaw-8367	227	197	that	that	SCONJ
taxlaw-8367	227	198	any	any	PRON
taxlaw-8367	227	199	of	of	ADP
taxlaw-8367	227	200	these	these	DET
taxlaw-8367	227	201	regimes	regime	NOUN
taxlaw-8367	227	202	could	could	AUX
taxlaw-8367	227	203	conceivably	conceivably	ADV
taxlaw-8367	227	204	apply	apply	VERB
taxlaw-8367	227	205	to	to	ADP
taxlaw-8367	227	206	loans	loan	NOUN
taxlaw-8367	227	207	under	under	ADP
taxlaw-8367	227	208	a	a	DET
taxlaw-8367	227	209	realization	realization	NOUN
taxlaw-8367	227	210	-	-	PUNCT
taxlaw-8367	227	211	based	base	VERB
taxlaw-8367	227	212	income	income	NOUN
taxlaw-8367	227	213	tax	tax	NOUN
taxlaw-8367	227	214	,	,	PUNCT
taxlaw-8367	227	215	inasmuch	inasmuch	ADJ
taxlaw-8367	227	216	as	as	SCONJ
taxlaw-8367	227	217	what	what	PRON
taxlaw-8367	227	218	motivates	motivate	VERB
taxlaw-8367	227	219	the	the	DET
taxlaw-8367	227	220	realization	realization	NOUN
taxlaw-8367	227	221	rule	rule	NOUN
taxlaw-8367	227	222	are	be	AUX
taxlaw-8367	227	223	considerations	consideration	NOUN
taxlaw-8367	227	224	of	of	ADP
taxlaw-8367	227	225	practicality	practicality	NOUN
taxlaw-8367	227	226	,	,	PUNCT
taxlaw-8367	227	227	not	not	PART
taxlaw-8367	227	228	the	the	DET
taxlaw-8367	227	229	income	income	NOUN
taxlaw-8367	227	230	concept.47	concept.47	NOUN
taxlaw-8367	227	231	as	as	ADP
taxlaw-8367	227	232	another	another	DET
taxlaw-8367	227	233	example	example	NOUN
taxlaw-8367	227	234	,	,	PUNCT
taxlaw-8367	227	235	dan	dan	PROPN
taxlaw-8367	227	236	shaviro	shaviro	PROPN
taxlaw-8367	227	237	notes	note	VERB
taxlaw-8367	227	238	that	that	SCONJ
taxlaw-8367	227	239	borrowing	borrowing	NOUN
taxlaw-8367	227	240	that	that	PRON
taxlaw-8367	227	241	is	be	AUX
taxlaw-8367	227	242	secured	secure	VERB
taxlaw-8367	227	243	by	by	ADP
taxlaw-8367	227	244	property	property	NOUN
taxlaw-8367	227	245	resembles	resemble	VERB
taxlaw-8367	227	246	a	a	DET
taxlaw-8367	227	247	sale	sale	NOUN
taxlaw-8367	227	248	in	in	ADP
taxlaw-8367	227	249	that	that	SCONJ
taxlaw-8367	227	250	the	the	DET
taxlaw-8367	227	251	lender	lender	NOUN
taxlaw-8367	227	252	may	may	AUX
taxlaw-8367	227	253	look	look	VERB
taxlaw-8367	227	254	to	to	ADP
taxlaw-8367	227	255	the	the	DET
taxlaw-8367	227	256	security	security	NOUN
taxlaw-8367	227	257	to	to	PART
taxlaw-8367	227	258	satisfy	satisfy	VERB
taxlaw-8367	227	259	the	the	DET
taxlaw-8367	227	260	loan	loan	NOUN
taxlaw-8367	227	261	on	on	ADP
taxlaw-8367	227	262	nonpayment	nonpayment	NOUN
taxlaw-8367	227	263	.	.	PUNCT
taxlaw-8367	228	1	if	if	SCONJ
taxlaw-8367	228	2	the	the	DET
taxlaw-8367	228	3	amount	amount	NOUN
taxlaw-8367	228	4	of	of	ADP
taxlaw-8367	228	5	the	the	DET
taxlaw-8367	228	6	loan	loan	NOUN
taxlaw-8367	228	7	exceeds	exceed	VERB
taxlaw-8367	228	8	the	the	DET
taxlaw-8367	228	9	borrower	borrower	NOUN
taxlaw-8367	228	10	’s	’s	PART
taxlaw-8367	228	11	basis	basis	NOUN
taxlaw-8367	228	12	in	in	ADP
taxlaw-8367	228	13	the	the	DET
taxlaw-8367	228	14	security	security	NOUN
taxlaw-8367	228	15	,	,	PUNCT
taxlaw-8367	228	16	one	one	PRON
taxlaw-8367	228	17	could	could	AUX
taxlaw-8367	228	18	argue	argue	VERB
taxlaw-8367	228	19	for	for	ADP
taxlaw-8367	228	20	a	a	DET
taxlaw-8367	228	21	rule	rule	NOUN
taxlaw-8367	228	22	that	that	PRON
taxlaw-8367	228	23	requires	require	VERB
taxlaw-8367	228	24	gain	gain	VERB
taxlaw-8367	228	25	recognition	recognition	NOUN
taxlaw-8367	228	26	to	to	ADP
taxlaw-8367	228	27	the	the	DET
taxlaw-8367	228	28	extent	extent	NOUN
taxlaw-8367	228	29	of	of	ADP
taxlaw-8367	228	30	the	the	DET
taxlaw-8367	228	31	excess	excess	NOUN
taxlaw-8367	228	32	,	,	PUNCT
taxlaw-8367	228	33	or	or	CCONJ
taxlaw-8367	228	34	perhaps	perhaps	ADV
taxlaw-8367	228	35	to	to	ADP
taxlaw-8367	228	36	the	the	DET
taxlaw-8367	228	37	extent	extent	NOUN
taxlaw-8367	228	38	of	of	ADP
taxlaw-8367	228	39	some	some	DET
taxlaw-8367	228	40	ratable	ratable	ADJ
taxlaw-8367	228	41	portion	portion	NOUN
taxlaw-8367	228	42	of	of	ADP
taxlaw-8367	228	43	the	the	DET
taxlaw-8367	228	44	excess	excess	NOUN
taxlaw-8367	228	45	.	.	PUNCT
taxlaw-8367	229	1	this	this	DET
taxlaw-8367	229	2	argument	argument	NOUN
taxlaw-8367	229	3	works	work	VERB
taxlaw-8367	229	4	because	because	SCONJ
taxlaw-8367	229	5	,	,	PUNCT
taxlaw-8367	229	6	as	as	ADP
taxlaw-8367	229	7	a	a	DET
taxlaw-8367	229	8	practical	practical	ADJ
taxlaw-8367	229	9	matter	matter	NOUN
taxlaw-8367	229	10	,	,	PUNCT
taxlaw-8367	229	11	the	the	DET
taxlaw-8367	229	12	receipt	receipt	NOUN
taxlaw-8367	229	13	of	of	ADP
taxlaw-8367	229	14	the	the	DET
taxlaw-8367	229	15	loan	loan	NOUN
taxlaw-8367	229	16	proceeds	proceed	NOUN
taxlaw-8367	229	17	ensures	ensure	VERB
taxlaw-8367	229	18	that	that	SCONJ
taxlaw-8367	229	19	the	the	DET
taxlaw-8367	229	20	borrower	borrower	NOUN
taxlaw-8367	229	21	has	have	AUX
taxlaw-8367	229	22	liquidated	liquidate	VERB
taxlaw-8367	229	23	the	the	DET
taxlaw-8367	229	24	gain.48	gain.48	PROPN
taxlaw-8367	229	25	shaviro	shaviro	NOUN
taxlaw-8367	229	26	observes	observe	VERB
taxlaw-8367	229	27	that	that	SCONJ
taxlaw-8367	229	28	the	the	DET
taxlaw-8367	229	29	rule	rule	NOUN
taxlaw-8367	229	30	would	would	AUX
taxlaw-8367	229	31	seem	seem	VERB
taxlaw-8367	229	32	more	more	ADV
taxlaw-8367	229	33	appropriate	appropriate	ADJ
taxlaw-8367	229	34	for	for	ADP
taxlaw-8367	229	35	nonrecourse	nonrecourse	NOUN
taxlaw-8367	229	36	debt	debt	NOUN
taxlaw-8367	229	37	.	.	PUNCT
taxlaw-8367	230	1	in	in	ADP
taxlaw-8367	230	2	a	a	DET
taxlaw-8367	230	3	nonrecourse	nonrecourse	NOUN
taxlaw-8367	230	4	debt	debt	NOUN
taxlaw-8367	230	5	arrangement	arrangement	NOUN
taxlaw-8367	230	6	,	,	PUNCT
taxlaw-8367	230	7	the	the	DET
taxlaw-8367	230	8	lender	lender	NOUN
taxlaw-8367	230	9	takes	take	VERB
taxlaw-8367	230	10	a	a	DET
taxlaw-8367	230	11	security	security	NOUN
taxlaw-8367	230	12	interest	interest	NOUN
taxlaw-8367	230	13	in	in	ADP
taxlaw-8367	230	14	one	one	NUM
taxlaw-8367	230	15	or	or	CCONJ
taxlaw-8367	230	16	more	more	ADJ
taxlaw-8367	230	17	of	of	ADP
taxlaw-8367	230	18	the	the	DET
taxlaw-8367	230	19	borrower	borrower	NOUN
taxlaw-8367	230	20	’s	’s	PART
taxlaw-8367	230	21	assets	asset	NOUN
taxlaw-8367	230	22	but	but	CCONJ
taxlaw-8367	230	23	has	have	VERB
taxlaw-8367	230	24	no	no	DET
taxlaw-8367	230	25	right	right	NOUN
taxlaw-8367	230	26	to	to	PART
taxlaw-8367	230	27	proceed	proceed	VERB
taxlaw-8367	230	28	against	against	ADP
taxlaw-8367	230	29	the	the	DET
taxlaw-8367	230	30	borrower	borrower	NOUN
taxlaw-8367	230	31	in	in	ADP
taxlaw-8367	230	32	the	the	DET
taxlaw-8367	230	33	case	case	NOUN
taxlaw-8367	230	34	of	of	ADP
taxlaw-8367	230	35	default.49	default.49	PROPN
taxlaw-8367	230	36	thus	thus	ADV
taxlaw-8367	230	37	,	,	PUNCT
taxlaw-8367	230	38	the	the	DET
taxlaw-8367	230	39	borrower	borrower	NOUN
taxlaw-8367	230	40	incurs	incur	VERB
taxlaw-8367	230	41	literally	literally	ADV
taxlaw-8367	230	42	no	no	DET
taxlaw-8367	230	43	obligation	obligation	NOUN
taxlaw-8367	230	44	to	to	PART
taxlaw-8367	230	45	make	make	VERB
taxlaw-8367	230	46	any	any	DET
taxlaw-8367	230	47	payment	payment	NOUN
taxlaw-8367	230	48	in	in	ADP
taxlaw-8367	230	49	excess	excess	NOUN
taxlaw-8367	230	50	of	of	ADP
taxlaw-8367	230	51	the	the	DET
taxlaw-8367	230	52	value	value	NOUN
taxlaw-8367	230	53	of	of	ADP
taxlaw-8367	230	54	the	the	DET
taxlaw-8367	230	55	security	security	NOUN
taxlaw-8367	230	56	pledged	pledge	VERB
taxlaw-8367	230	57	.	.	PUNCT
taxlaw-8367	231	1	if	if	SCONJ
taxlaw-8367	231	2	the	the	DET
taxlaw-8367	231	3	loan	loan	NOUN
taxlaw-8367	231	4	proceeds	proceed	NOUN
taxlaw-8367	231	5	exceed	exceed	VERB
taxlaw-8367	231	6	the	the	DET
taxlaw-8367	231	7	borrower	borrower	NOUN
taxlaw-8367	231	8	’s	’s	PART
taxlaw-8367	231	9	basis	basis	NOUN
taxlaw-8367	231	10	in	in	ADP
taxlaw-8367	231	11	the	the	DET
taxlaw-8367	231	12	security	security	NOUN
taxlaw-8367	231	13	(	(	PUNCT
taxlaw-8367	231	14	or	or	CCONJ
taxlaw-8367	231	15	come	come	VERB
taxlaw-8367	231	16	to	to	PART
taxlaw-8367	231	17	exceed	exceed	VERB
taxlaw-8367	231	18	it	it	PRON
taxlaw-8367	231	19	when	when	SCONJ
taxlaw-8367	231	20	basis	basis	NOUN
taxlaw-8367	231	21	declines	decline	VERB
taxlaw-8367	231	22	over	over	ADP
taxlaw-8367	231	23	time	time	NOUN
taxlaw-8367	231	24	,	,	PUNCT
taxlaw-8367	231	25	typically	typically	ADV
taxlaw-8367	231	26	because	because	SCONJ
taxlaw-8367	231	27	of	of	ADP
taxlaw-8367	231	28	cost	cost	NOUN
taxlaw-8367	231	29	recovery	recovery	NOUN
taxlaw-8367	231	30	)	)	PUNCT
taxlaw-8367	231	31	,	,	PUNCT
taxlaw-8367	231	32	the	the	DET
taxlaw-8367	231	33	borrower	borrower	NOUN
taxlaw-8367	231	34	has	have	AUX
taxlaw-8367	231	35	locked	lock	VERB
taxlaw-8367	231	36	in	in	ADP
taxlaw-8367	231	37	the	the	DET
taxlaw-8367	231	38	excess	excess	NOUN
taxlaw-8367	231	39	,	,	PUNCT
taxlaw-8367	231	40	and	and	CCONJ
taxlaw-8367	231	41	the	the	DET
taxlaw-8367	231	42	transaction	transaction	NOUN
taxlaw-8367	231	43	appears	appear	VERB
taxlaw-8367	231	44	to	to	PART
taxlaw-8367	231	45	be	be	AUX
taxlaw-8367	231	46	closely	closely	ADV
taxlaw-8367	231	47	similar	similar	ADJ
taxlaw-8367	231	48	to	to	ADP
taxlaw-8367	231	49	a	a	DET
taxlaw-8367	231	50	taxable	taxable	ADJ
taxlaw-8367	231	51	sale	sale	NOUN
taxlaw-8367	231	52	to	to	ADP
taxlaw-8367	231	53	that	that	PRON
taxlaw-8367	231	54	extent.50	extent.50	PROPN
taxlaw-8367	231	55	to	to	PART
taxlaw-8367	231	56	illustrate	illustrate	VERB
taxlaw-8367	231	57	,	,	PUNCT
taxlaw-8367	231	58	suppose	suppose	VERB
taxlaw-8367	231	59	in	in	ADP
taxlaw-8367	231	60	our	our	PRON
taxlaw-8367	231	61	earlier	early	ADJ
taxlaw-8367	231	62	example	example	NOUN
taxlaw-8367	231	63	that	that	SCONJ
taxlaw-8367	231	64	borrower	borrower	NOUN
taxlaw-8367	231	65	’s	’s	PART
taxlaw-8367	231	66	loan	loan	NOUN
taxlaw-8367	231	67	was	be	AUX
taxlaw-8367	231	68	nonrecourse	nonrecourse	NOUN
taxlaw-8367	231	69	and	and	CCONJ
taxlaw-8367	231	70	that	that	DET
taxlaw-8367	231	71	borrower	borrower	NOUN
taxlaw-8367	231	72	pledged	pledge	VERB
taxlaw-8367	231	73	as	as	ADP
taxlaw-8367	231	74	security	security	NOUN
taxlaw-8367	231	75	for	for	ADP
taxlaw-8367	231	76	the	the	DET
taxlaw-8367	231	77	loan	loan	NOUN
taxlaw-8367	231	78	an	an	DET
taxlaw-8367	231	79	asset	asset	NOUN
taxlaw-8367	231	80	having	have	VERB
taxlaw-8367	231	81	a	a	DET
taxlaw-8367	231	82	basis	basis	NOUN
taxlaw-8367	231	83	to	to	ADP
taxlaw-8367	231	84	borrower	borrower	NOUN
taxlaw-8367	231	85	of	of	ADP
taxlaw-8367	231	86	$	$	SYM
taxlaw-8367	231	87	200	200	NUM
taxlaw-8367	231	88	.	.	PUNCT
taxlaw-8367	232	1	the	the	DET
taxlaw-8367	232	2	asset	asset	NOUN
taxlaw-8367	232	3	is	be	AUX
taxlaw-8367	232	4	worth	worth	ADJ
taxlaw-8367	232	5	$	$	SYM
taxlaw-8367	232	6	1,500	1,500	NUM
taxlaw-8367	232	7	.	.	PUNCT
taxlaw-8367	233	1	if	if	SCONJ
taxlaw-8367	233	2	the	the	DET
taxlaw-8367	233	3	value	value	NOUN
taxlaw-8367	233	4	of	of	ADP
taxlaw-8367	233	5	the	the	DET
taxlaw-8367	233	6	41	41	NUM
taxlaw-8367	233	7	anthony	anthony	PROPN
taxlaw-8367	233	8	p.	p.	PROPN
taxlaw-8367	233	9	polito	polito	PROPN
taxlaw-8367	233	10	,	,	PUNCT
taxlaw-8367	233	11	borrowing	borrowing	NOUN
taxlaw-8367	233	12	,	,	PUNCT
taxlaw-8367	233	13	return	return	NOUN
taxlaw-8367	233	14	of	of	ADP
taxlaw-8367	233	15	capital	capital	NOUN
taxlaw-8367	233	16	conventions	convention	NOUN
taxlaw-8367	233	17	,	,	PUNCT
taxlaw-8367	233	18	and	and	CCONJ
taxlaw-8367	233	19	the	the	DET
taxlaw-8367	233	20	structure	structure	NOUN
taxlaw-8367	233	21	of	of	ADP
taxlaw-8367	233	22	the	the	DET
taxlaw-8367	233	23	income	income	NOUN
taxlaw-8367	233	24	tax	tax	NOUN
taxlaw-8367	233	25	:	:	PUNCT
taxlaw-8367	233	26	an	an	DET
taxlaw-8367	233	27	essay	essay	NOUN
taxlaw-8367	233	28	in	in	ADP
taxlaw-8367	233	29	statutory	statutory	ADJ
taxlaw-8367	233	30	interpretation	interpretation	NOUN
taxlaw-8367	233	31	,	,	PUNCT
taxlaw-8367	233	32	17	17	NUM
taxlaw-8367	233	33	va	va	X
taxlaw-8367	233	34	.	.	PUNCT
taxlaw-8367	233	35	tax	tax	PROPN
taxlaw-8367	233	36	rev	rev	PROPN
taxlaw-8367	233	37	.	.	PROPN
taxlaw-8367	233	38	467	467	NUM
taxlaw-8367	233	39	,	,	PUNCT
taxlaw-8367	233	40	478	478	NUM
taxlaw-8367	233	41	(	(	PUNCT
taxlaw-8367	233	42	1998	1998	NUM
taxlaw-8367	233	43	)	)	PUNCT
taxlaw-8367	233	44	.	.	PUNCT
taxlaw-8367	234	1	42	42	NUM
taxlaw-8367	235	1	i	i	PRON
taxlaw-8367	235	2	d.	d.	VERB
taxlaw-8367	235	3	at	at	ADP
taxlaw-8367	235	4	479	479	NUM
taxlaw-8367	235	5	.	.	PUNCT
taxlaw-8367	236	1	see	see	VERB
taxlaw-8367	236	2	also	also	ADV
taxlaw-8367	236	3	bittker	bittker	VERB
taxlaw-8367	236	4	&	&	CCONJ
taxlaw-8367	236	5	lokken	lokken	PROPN
taxlaw-8367	236	6	,	,	PUNCT
taxlaw-8367	236	7	supra	supra	PROPN
taxlaw-8367	236	8	note	note	PROPN
taxlaw-8367	236	9	3	3	NUM
taxlaw-8367	236	10	,	,	PUNCT
taxlaw-8367	236	11	¶	¶	X
taxlaw-8367	236	12	7.1	7.1	NUM
taxlaw-8367	236	13	(	(	PUNCT
taxlaw-8367	236	14	grounding	ground	VERB
taxlaw-8367	236	15	the	the	DET
taxlaw-8367	236	16	non	non	ADJ
taxlaw-8367	236	17	-	-	NOUN
taxlaw-8367	236	18	inclusion	inclusion	NOUN
taxlaw-8367	236	19	,	,	PUNCT
taxlaw-8367	236	20	nondeduction	nondeduction	NOUN
taxlaw-8367	236	21	rule	rule	NOUN
taxlaw-8367	236	22	in	in	ADP
taxlaw-8367	236	23	considerations	consideration	NOUN
taxlaw-8367	236	24	of	of	ADP
taxlaw-8367	236	25	practicality	practicality	NOUN
taxlaw-8367	236	26	rather	rather	ADV
taxlaw-8367	236	27	than	than	ADP
taxlaw-8367	236	28	the	the	DET
taxlaw-8367	236	29	nature	nature	NOUN
taxlaw-8367	236	30	of	of	ADP
taxlaw-8367	236	31	income	income	NOUN
taxlaw-8367	236	32	)	)	PUNCT
taxlaw-8367	236	33	.	.	PUNCT
taxlaw-8367	237	1	43	43	NUM
taxlaw-8367	237	2	i.r.c	i.r.c	NOUN
taxlaw-8367	237	3	.	.	PUNCT
taxlaw-8367	238	1	§	§	PROPN
taxlaw-8367	238	2	301(c	301(c	PROPN
taxlaw-8367	238	3	)	)	PUNCT
taxlaw-8367	238	4	.	.	PUNCT
taxlaw-8367	239	1	44	44	NUM
taxlaw-8367	239	2	i.r.c	i.r.c	NOUN
taxlaw-8367	239	3	.	.	PUNCT
taxlaw-8367	240	1	§	§	PROPN
taxlaw-8367	240	2	61(a)(4	61(a)(4	NUM
taxlaw-8367	240	3	)	)	PUNCT
taxlaw-8367	240	4	.	.	PUNCT
taxlaw-8367	241	1	45	45	NUM
taxlaw-8367	241	2	i.r.c	i.r.c	NOUN
taxlaw-8367	241	3	.	.	PUNCT
taxlaw-8367	242	1	§	§	PROPN
taxlaw-8367	242	2	453(a	453(a	PROPN
taxlaw-8367	242	3	)	)	PUNCT
taxlaw-8367	242	4	.	.	PUNCT
taxlaw-8367	243	1	46	46	NUM
taxlaw-8367	244	1	as	as	ADP
taxlaw-8367	244	2	examples	example	NOUN
taxlaw-8367	244	3	,	,	PUNCT
taxlaw-8367	244	4	this	this	DET
taxlaw-8367	244	5	rule	rule	NOUN
taxlaw-8367	244	6	can	can	AUX
taxlaw-8367	244	7	apply	apply	VERB
taxlaw-8367	244	8	to	to	ADP
taxlaw-8367	244	9	a	a	DET
taxlaw-8367	244	10	shareholder	shareholder	NOUN
taxlaw-8367	244	11	who	who	PRON
taxlaw-8367	244	12	receives	receive	VERB
taxlaw-8367	244	13	proceeds	proceed	NOUN
taxlaw-8367	244	14	from	from	ADP
taxlaw-8367	244	15	a	a	DET
taxlaw-8367	244	16	taxable	taxable	ADJ
taxlaw-8367	244	17	liquidation	liquidation	NOUN
taxlaw-8367	244	18	of	of	ADP
taxlaw-8367	244	19	a	a	DET
taxlaw-8367	244	20	corporation	corporation	NOUN
taxlaw-8367	244	21	over	over	ADP
taxlaw-8367	244	22	more	more	ADJ
taxlaw-8367	244	23	than	than	ADP
taxlaw-8367	244	24	one	one	NUM
taxlaw-8367	244	25	taxable	taxable	ADJ
taxlaw-8367	244	26	year	year	NOUN
taxlaw-8367	244	27	.	.	PUNCT
taxlaw-8367	245	1	i.r.c	i.r.c	NOUN
taxlaw-8367	245	2	.	.	PUNCT
taxlaw-8367	246	1	§	§	PROPN
taxlaw-8367	246	2	331(a	331(a	PROPN
taxlaw-8367	246	3	)	)	PUNCT
taxlaw-8367	247	1	;	;	PUNCT
taxlaw-8367	247	2	rev	rev	PROPN
taxlaw-8367	247	3	.	.	PROPN
taxlaw-8367	248	1	rul	rul	NOUN
taxlaw-8367	248	2	.	.	PUNCT
taxlaw-8367	248	3	85–48	85–48	NUM
taxlaw-8367	248	4	,	,	PUNCT
taxlaw-8367	248	5	1985–1	1985–1	NUM
taxlaw-8367	248	6	c.b	c.b	PROPN
taxlaw-8367	248	7	.	.	PROPN
taxlaw-8367	248	8	126	126	NUM
taxlaw-8367	248	9	.	.	PUNCT
taxlaw-8367	249	1	it	it	PRON
taxlaw-8367	249	2	also	also	ADV
taxlaw-8367	249	3	applies	apply	VERB
taxlaw-8367	249	4	to	to	ADP
taxlaw-8367	249	5	the	the	DET
taxlaw-8367	249	6	writer	writer	NOUN
taxlaw-8367	249	7	of	of	ADP
taxlaw-8367	249	8	an	an	DET
taxlaw-8367	249	9	option	option	NOUN
taxlaw-8367	249	10	on	on	ADP
taxlaw-8367	249	11	receipt	receipt	NOUN
taxlaw-8367	249	12	of	of	ADP
taxlaw-8367	249	13	the	the	DET
taxlaw-8367	249	14	option	option	NOUN
taxlaw-8367	249	15	premium	premium	NOUN
taxlaw-8367	249	16	.	.	PUNCT
taxlaw-8367	250	1	see	see	VERB
taxlaw-8367	250	2	rev	rev	PROPN
taxlaw-8367	250	3	.	.	PROPN
taxlaw-8367	250	4	rul	rul	NOUN
taxlaw-8367	250	5	.	.	PUNCT
taxlaw-8367	251	1	78–182	78–182	PROPN
taxlaw-8367	251	2	,	,	PUNCT
taxlaw-8367	251	3	1978–1	1978–1	PROPN
taxlaw-8367	251	4	c.b	c.b	PROPN
taxlaw-8367	251	5	.	.	PROPN
taxlaw-8367	251	6	265	265	NUM
taxlaw-8367	251	7	.	.	PUNCT
taxlaw-8367	252	1	47	47	NUM
taxlaw-8367	252	2	see	see	VERB
taxlaw-8367	252	3	helvering	helvere	VERB
taxlaw-8367	252	4	v.	v.	PROPN
taxlaw-8367	252	5	horst	horst	PROPN
taxlaw-8367	252	6	,	,	PUNCT
taxlaw-8367	252	7	311	311	NUM
taxlaw-8367	252	8	u.s	u.s	PROPN
taxlaw-8367	252	9	.	.	PROPN
taxlaw-8367	252	10	112	112	NUM
taxlaw-8367	252	11	,	,	PUNCT
taxlaw-8367	252	12	116	116	NUM
taxlaw-8367	252	13	(	(	PUNCT
taxlaw-8367	252	14	1940	1940	NUM
taxlaw-8367	252	15	)	)	PUNCT
taxlaw-8367	252	16	.	.	PUNCT
taxlaw-8367	253	1	48	48	NUM
taxlaw-8367	253	2	see	see	VERB
taxlaw-8367	253	3	shaviro	shaviro	NOUN
taxlaw-8367	253	4	,	,	PUNCT
taxlaw-8367	253	5	supra	supra	PROPN
taxlaw-8367	253	6	note	note	NOUN
taxlaw-8367	253	7	1	1	NUM
taxlaw-8367	253	8	,	,	PUNCT
taxlaw-8367	253	9	at	at	ADP
taxlaw-8367	253	10	408	408	NUM
taxlaw-8367	253	11	.	.	PUNCT
taxlaw-8367	254	1	shaviro	shaviro	NOUN
taxlaw-8367	254	2	concludes	conclude	VERB
taxlaw-8367	254	3	that	that	SCONJ
taxlaw-8367	254	4	even	even	ADV
taxlaw-8367	254	5	in	in	ADP
taxlaw-8367	254	6	this	this	DET
taxlaw-8367	254	7	setting	setting	NOUN
taxlaw-8367	254	8	,	,	PUNCT
taxlaw-8367	254	9	nonrecourse	nonrecourse	NOUN
taxlaw-8367	254	10	borrowing	borrowing	NOUN
taxlaw-8367	254	11	generally	generally	ADV
taxlaw-8367	254	12	should	should	AUX
taxlaw-8367	254	13	not	not	PART
taxlaw-8367	254	14	trigger	trigger	VERB
taxlaw-8367	254	15	gain	gain	NOUN
taxlaw-8367	254	16	.	.	PUNCT
taxlaw-8367	255	1	i	i	PRON
taxlaw-8367	255	2	d.	d.	PROPN
taxlaw-8367	255	3	at	at	ADP
taxlaw-8367	255	4	447	447	NUM
taxlaw-8367	255	5	-	-	SYM
taxlaw-8367	255	6	48	48	NUM
taxlaw-8367	255	7	.	.	PUNCT
taxlaw-8367	256	1	49	49	NUM
taxlaw-8367	256	2	see	see	VERB
taxlaw-8367	256	3	frederick	frederick	PROPN
taxlaw-8367	256	4	h.	h.	PROPN
taxlaw-8367	256	5	robinson	robinson	PROPN
taxlaw-8367	256	6	,	,	PUNCT
taxlaw-8367	256	7	nonrecourse	nonrecourse	NOUN
taxlaw-8367	256	8	indebtedness	indebtedness	NOUN
taxlaw-8367	256	9	,	,	PUNCT
taxlaw-8367	256	10	11	11	NUM
taxlaw-8367	256	11	va	va	NOUN
taxlaw-8367	256	12	.	.	PUNCT
taxlaw-8367	257	1	tax	tax	PROPN
taxlaw-8367	257	2	rev	rev	PROPN
taxlaw-8367	257	3	.	.	PROPN
taxlaw-8367	257	4	1	1	NUM
taxlaw-8367	257	5	,	,	PUNCT
taxlaw-8367	257	6	3	3	NUM
taxlaw-8367	257	7	(	(	PUNCT
taxlaw-8367	257	8	1991	1991	NUM
taxlaw-8367	257	9	)	)	PUNCT
taxlaw-8367	257	10	(	(	PUNCT
taxlaw-8367	257	11	“	"	PUNCT
taxlaw-8367	257	12	[	[	X
taxlaw-8367	257	13	n]onrecourse	n]onrecourse	ADJ
taxlaw-8367	257	14	debt	debt	NOUN
taxlaw-8367	257	15	is	be	AUX
taxlaw-8367	257	16	an	an	DET
taxlaw-8367	257	17	indebtedness	indebtedness	NOUN
taxlaw-8367	257	18	with	with	ADP
taxlaw-8367	257	19	respect	respect	NOUN
taxlaw-8367	257	20	to	to	ADP
taxlaw-8367	257	21	which	which	PRON
taxlaw-8367	257	22	the	the	DET
taxlaw-8367	257	23	person	person	NOUN
taxlaw-8367	257	24	who	who	PRON
taxlaw-8367	257	25	has	have	VERB
taxlaw-8367	257	26	the	the	DET
taxlaw-8367	257	27	use	use	NOUN
taxlaw-8367	257	28	of	of	ADP
taxlaw-8367	257	29	the	the	DET
taxlaw-8367	257	30	borrowed	borrow	VERB
taxlaw-8367	257	31	funds	fund	NOUN
taxlaw-8367	257	32	has	have	VERB
taxlaw-8367	257	33	no	no	DET
taxlaw-8367	257	34	personal	personal	ADJ
taxlaw-8367	257	35	liability	liability	NOUN
taxlaw-8367	257	36	.	.	PUNCT
taxlaw-8367	257	37	”	"	PUNCT
taxlaw-8367	257	38	)	)	PUNCT
taxlaw-8367	257	39	.	.	PUNCT
taxlaw-8367	258	1	50	50	NUM
taxlaw-8367	258	2	i	i	PRON
taxlaw-8367	258	3	d.	d.	PROPN
taxlaw-8367	258	4	98	98	PROPN
taxlaw-8367	258	5	columbia	columbia	PROPN
taxlaw-8367	258	6	journal	journal	PROPN
taxlaw-8367	258	7	of	of	ADP
taxlaw-8367	258	8	tax	tax	NOUN
taxlaw-8367	258	9	law	law	NOUN
taxlaw-8367	258	10	[	[	X
taxlaw-8367	258	11	vol	vol	NOUN
taxlaw-8367	258	12	.	.	PROPN
taxlaw-8367	259	1	12:89	12:89	NUM
taxlaw-8367	259	2	asset	asset	NOUN
taxlaw-8367	259	3	falls	fall	VERB
taxlaw-8367	259	4	below	below	ADP
taxlaw-8367	259	5	$	$	SYM
taxlaw-8367	259	6	1,000	1,000	NUM
taxlaw-8367	259	7	(	(	PUNCT
taxlaw-8367	259	8	the	the	DET
taxlaw-8367	259	9	face	face	NOUN
taxlaw-8367	259	10	amount	amount	NOUN
taxlaw-8367	259	11	of	of	ADP
taxlaw-8367	259	12	the	the	DET
taxlaw-8367	259	13	loan	loan	NOUN
taxlaw-8367	259	14	)	)	PUNCT
taxlaw-8367	259	15	at	at	ADP
taxlaw-8367	259	16	any	any	DET
taxlaw-8367	259	17	point	point	NOUN
taxlaw-8367	259	18	during	during	ADP
taxlaw-8367	259	19	the	the	DET
taxlaw-8367	259	20	loan	loan	NOUN
taxlaw-8367	259	21	term	term	NOUN
taxlaw-8367	259	22	,	,	PUNCT
taxlaw-8367	259	23	it	it	PRON
taxlaw-8367	259	24	is	be	AUX
taxlaw-8367	259	25	rational	rational	ADJ
taxlaw-8367	259	26	for	for	SCONJ
taxlaw-8367	259	27	borrower	borrower	NOUN
taxlaw-8367	259	28	to	to	PART
taxlaw-8367	259	29	tender	tender	VERB
taxlaw-8367	259	30	the	the	DET
taxlaw-8367	259	31	asset	asset	NOUN
taxlaw-8367	259	32	to	to	ADP
taxlaw-8367	259	33	lender	lender	VERB
taxlaw-8367	259	34	in	in	ADP
taxlaw-8367	259	35	satisfaction	satisfaction	NOUN
taxlaw-8367	259	36	of	of	ADP
taxlaw-8367	259	37	the	the	DET
taxlaw-8367	259	38	loan	loan	NOUN
taxlaw-8367	259	39	.	.	PUNCT
taxlaw-8367	260	1	it	it	PRON
taxlaw-8367	260	2	follows	follow	VERB
taxlaw-8367	260	3	that	that	SCONJ
taxlaw-8367	260	4	borrower	borrower	NOUN
taxlaw-8367	260	5	has	have	AUX
taxlaw-8367	260	6	“	"	PUNCT
taxlaw-8367	260	7	locked	lock	VERB
taxlaw-8367	260	8	in	in	ADP
taxlaw-8367	260	9	”	"	PUNCT
taxlaw-8367	260	10	$	$	SYM
taxlaw-8367	260	11	800	800	NUM
taxlaw-8367	260	12	of	of	ADP
taxlaw-8367	260	13	gain	gain	NOUN
taxlaw-8367	260	14	by	by	ADP
taxlaw-8367	260	15	entering	enter	VERB
taxlaw-8367	260	16	into	into	ADP
taxlaw-8367	260	17	the	the	DET
taxlaw-8367	260	18	loan	loan	NOUN
taxlaw-8367	260	19	arrangement	arrangement	NOUN
taxlaw-8367	260	20	and	and	CCONJ
taxlaw-8367	260	21	,	,	PUNCT
taxlaw-8367	260	22	one	one	PRON
taxlaw-8367	260	23	could	could	AUX
taxlaw-8367	260	24	argue	argue	VERB
taxlaw-8367	260	25	,	,	PUNCT
taxlaw-8367	260	26	should	should	AUX
taxlaw-8367	260	27	be	be	AUX
taxlaw-8367	260	28	taxed	tax	VERB
taxlaw-8367	260	29	on	on	ADP
taxlaw-8367	260	30	that	that	DET
taxlaw-8367	260	31	gain	gain	NOUN
taxlaw-8367	260	32	upon	upon	SCONJ
taxlaw-8367	260	33	execution	execution	NOUN
taxlaw-8367	260	34	of	of	ADP
taxlaw-8367	260	35	the	the	DET
taxlaw-8367	260	36	loan	loan	NOUN
taxlaw-8367	260	37	as	as	SCONJ
taxlaw-8367	260	38	though	though	SCONJ
taxlaw-8367	260	39	the	the	DET
taxlaw-8367	260	40	property	property	NOUN
taxlaw-8367	260	41	were	be	AUX
taxlaw-8367	260	42	deemed	deem	VERB
taxlaw-8367	260	43	sold	sell	VERB
taxlaw-8367	260	44	and	and	CCONJ
taxlaw-8367	260	45	repurchased	repurchase	VERB
taxlaw-8367	260	46	for	for	ADP
taxlaw-8367	260	47	$	$	SYM
taxlaw-8367	260	48	1,000.51	1,000.51	NUM
taxlaw-8367	260	49	as	as	ADP
taxlaw-8367	260	50	a	a	DET
taxlaw-8367	260	51	final	final	ADJ
taxlaw-8367	260	52	example	example	NOUN
taxlaw-8367	260	53	,	,	PUNCT
taxlaw-8367	260	54	joseph	joseph	PROPN
taxlaw-8367	260	55	dodge	dodge	PROPN
taxlaw-8367	260	56	has	have	AUX
taxlaw-8367	260	57	argued	argue	VERB
taxlaw-8367	260	58	that	that	SCONJ
taxlaw-8367	260	59	the	the	DET
taxlaw-8367	260	60	non	non	ADJ
taxlaw-8367	260	61	-	-	ADJ
taxlaw-8367	260	62	inclusion	inclusion	ADJ
taxlaw-8367	260	63	rule	rule	NOUN
taxlaw-8367	260	64	is	be	AUX
taxlaw-8367	260	65	incorrect	incorrect	ADJ
taxlaw-8367	260	66	in	in	ADP
taxlaw-8367	260	67	the	the	DET
taxlaw-8367	260	68	context	context	NOUN
taxlaw-8367	260	69	of	of	ADP
taxlaw-8367	260	70	an	an	DET
taxlaw-8367	260	71	income	income	NOUN
taxlaw-8367	260	72	tax	tax	NOUN
taxlaw-8367	260	73	based	base	VERB
taxlaw-8367	260	74	on	on	ADP
taxlaw-8367	260	75	the	the	DET
taxlaw-8367	260	76	realization	realization	NOUN
taxlaw-8367	260	77	rule.52	rule.52	NOUN
taxlaw-8367	260	78	as	as	SCONJ
taxlaw-8367	260	79	previously	previously	ADV
taxlaw-8367	260	80	noted	note	VERB
taxlaw-8367	260	81	,	,	PUNCT
taxlaw-8367	260	82	under	under	ADP
taxlaw-8367	260	83	a	a	DET
taxlaw-8367	260	84	realization	realization	NOUN
taxlaw-8367	260	85	-	-	PUNCT
taxlaw-8367	260	86	based	base	VERB
taxlaw-8367	260	87	income	income	NOUN
taxlaw-8367	260	88	tax	tax	NOUN
taxlaw-8367	260	89	,	,	PUNCT
taxlaw-8367	260	90	gains	gain	NOUN
taxlaw-8367	260	91	and	and	CCONJ
taxlaw-8367	260	92	losses	loss	NOUN
taxlaw-8367	260	93	with	with	ADP
taxlaw-8367	260	94	respect	respect	NOUN
taxlaw-8367	260	95	to	to	ADP
taxlaw-8367	260	96	property	property	NOUN
taxlaw-8367	260	97	are	be	AUX
taxlaw-8367	260	98	not	not	PART
taxlaw-8367	260	99	acknowledged	acknowledge	VERB
taxlaw-8367	260	100	prior	prior	ADV
taxlaw-8367	260	101	to	to	ADP
taxlaw-8367	260	102	the	the	DET
taxlaw-8367	260	103	period	period	NOUN
taxlaw-8367	260	104	in	in	ADP
taxlaw-8367	260	105	which	which	PRON
taxlaw-8367	260	106	a	a	DET
taxlaw-8367	260	107	realization	realization	NOUN
taxlaw-8367	260	108	—	—	PUNCT
taxlaw-8367	260	109	typically	typically	ADV
taxlaw-8367	260	110	a	a	DET
taxlaw-8367	260	111	disposition	disposition	NOUN
taxlaw-8367	260	112	—	—	PUNCT
taxlaw-8367	260	113	of	of	ADP
taxlaw-8367	260	114	the	the	DET
taxlaw-8367	260	115	property	property	NOUN
taxlaw-8367	260	116	takes	take	VERB
taxlaw-8367	260	117	place.53	place.53	NOUN
taxlaw-8367	260	118	according	accord	VERB
taxlaw-8367	260	119	to	to	ADP
taxlaw-8367	260	120	dodge	dodge	VERB
taxlaw-8367	260	121	,	,	PUNCT
taxlaw-8367	260	122	in	in	ADP
taxlaw-8367	260	123	the	the	DET
taxlaw-8367	260	124	case	case	NOUN
taxlaw-8367	260	125	of	of	ADP
taxlaw-8367	260	126	a	a	DET
taxlaw-8367	260	127	loan	loan	NOUN
taxlaw-8367	260	128	,	,	PUNCT
taxlaw-8367	260	129	the	the	DET
taxlaw-8367	260	130	receipt	receipt	NOUN
taxlaw-8367	260	131	of	of	ADP
taxlaw-8367	260	132	the	the	DET
taxlaw-8367	260	133	proceeds	proceed	NOUN
taxlaw-8367	260	134	is	be	AUX
taxlaw-8367	260	135	a	a	DET
taxlaw-8367	260	136	realization	realization	NOUN
taxlaw-8367	260	137	event	event	NOUN
taxlaw-8367	260	138	,	,	PUNCT
taxlaw-8367	260	139	but	but	CCONJ
taxlaw-8367	260	140	the	the	DET
taxlaw-8367	260	141	repayment	repayment	NOUN
taxlaw-8367	260	142	obligation	obligation	NOUN
taxlaw-8367	260	143	,	,	PUNCT
taxlaw-8367	260	144	which	which	PRON
taxlaw-8367	260	145	is	be	AUX
taxlaw-8367	260	146	what	what	PRON
taxlaw-8367	260	147	offsets	offset	VERB
taxlaw-8367	260	148	or	or	CCONJ
taxlaw-8367	260	149	cancels	cancel	VERB
taxlaw-8367	260	150	the	the	DET
taxlaw-8367	260	151	inclusion	inclusion	NOUN
taxlaw-8367	260	152	,	,	PUNCT
taxlaw-8367	260	153	is	be	AUX
taxlaw-8367	260	154	not	not	PART
taxlaw-8367	260	155	.	.	PUNCT
taxlaw-8367	261	1	this	this	PRON
taxlaw-8367	261	2	is	be	AUX
taxlaw-8367	261	3	because	because	SCONJ
taxlaw-8367	261	4	the	the	DET
taxlaw-8367	261	5	obligation	obligation	NOUN
taxlaw-8367	261	6	does	do	AUX
taxlaw-8367	261	7	not	not	PART
taxlaw-8367	261	8	cause	cause	VERB
taxlaw-8367	261	9	the	the	DET
taxlaw-8367	261	10	taxpayer	taxpayer	NOUN
taxlaw-8367	261	11	to	to	PART
taxlaw-8367	261	12	experience	experience	VERB
taxlaw-8367	261	13	a	a	DET
taxlaw-8367	261	14	diminution	diminution	NOUN
taxlaw-8367	261	15	in	in	ADP
taxlaw-8367	261	16	control	control	NOUN
taxlaw-8367	261	17	over	over	ADP
taxlaw-8367	261	18	spendable	spendable	ADJ
taxlaw-8367	261	19	wealth	wealth	NOUN
taxlaw-8367	261	20	during	during	ADP
taxlaw-8367	261	21	the	the	DET
taxlaw-8367	261	22	tax	tax	NOUN
taxlaw-8367	261	23	period	period	NOUN
taxlaw-8367	261	24	(	(	PUNCT
taxlaw-8367	261	25	except	except	SCONJ
taxlaw-8367	261	26	to	to	ADP
taxlaw-8367	261	27	the	the	DET
taxlaw-8367	261	28	extent	extent	NOUN
taxlaw-8367	261	29	the	the	DET
taxlaw-8367	261	30	repayment	repayment	NOUN
taxlaw-8367	261	31	obligation	obligation	NOUN
taxlaw-8367	261	32	arises	arise	VERB
taxlaw-8367	261	33	in	in	ADP
taxlaw-8367	261	34	the	the	DET
taxlaw-8367	261	35	same	same	ADJ
taxlaw-8367	261	36	tax	tax	NOUN
taxlaw-8367	261	37	period	period	NOUN
taxlaw-8367	261	38	)	)	PUNCT
taxlaw-8367	261	39	.	.	PUNCT
taxlaw-8367	262	1	therefore	therefore	ADV
taxlaw-8367	262	2	,	,	PUNCT
taxlaw-8367	262	3	in	in	ADP
taxlaw-8367	262	4	dodge	dodge	PROPN
taxlaw-8367	262	5	’s	’s	PART
taxlaw-8367	262	6	view	view	NOUN
taxlaw-8367	262	7	,	,	PUNCT
taxlaw-8367	262	8	borrower	borrower	NOUN
taxlaw-8367	262	9	should	should	AUX
taxlaw-8367	262	10	have	have	VERB
taxlaw-8367	262	11	a	a	DET
taxlaw-8367	262	12	$	$	SYM
taxlaw-8367	262	13	1,000	1,000	NUM
taxlaw-8367	262	14	inclusion	inclusion	NOUN
taxlaw-8367	262	15	in	in	ADP
taxlaw-8367	262	16	year	year	NOUN
taxlaw-8367	262	17	1	1	NUM
taxlaw-8367	262	18	on	on	ADP
taxlaw-8367	262	19	the	the	DET
taxlaw-8367	262	20	facts	fact	NOUN
taxlaw-8367	262	21	above	above	ADV
taxlaw-8367	262	22	and	and	CCONJ
taxlaw-8367	262	23	a	a	DET
taxlaw-8367	262	24	$	$	SYM
taxlaw-8367	262	25	1,000	1,000	NUM
taxlaw-8367	262	26	deduction	deduction	NOUN
taxlaw-8367	262	27	in	in	ADP
taxlaw-8367	262	28	the	the	DET
taxlaw-8367	262	29	year	year	NOUN
taxlaw-8367	262	30	of	of	ADP
taxlaw-8367	262	31	repayment	repayment	NOUN
taxlaw-8367	262	32	.	.	PUNCT
taxlaw-8367	263	1	dodge	dodge	PROPN
taxlaw-8367	263	2	contrasts	contrast	VERB
taxlaw-8367	263	3	this	this	DET
taxlaw-8367	263	4	analysis	analysis	NOUN
taxlaw-8367	263	5	with	with	ADP
taxlaw-8367	263	6	that	that	PRON
taxlaw-8367	263	7	under	under	ADP
taxlaw-8367	263	8	an	an	DET
taxlaw-8367	263	9	accrual	accrual	ADJ
taxlaw-8367	263	10	income	income	NOUN
taxlaw-8367	263	11	tax	tax	NOUN
taxlaw-8367	263	12	,	,	PUNCT
taxlaw-8367	263	13	under	under	ADP
taxlaw-8367	263	14	which	which	PRON
taxlaw-8367	263	15	,	,	PUNCT
taxlaw-8367	263	16	he	he	PRON
taxlaw-8367	263	17	argues	argue	VERB
taxlaw-8367	263	18	,	,	PUNCT
taxlaw-8367	263	19	the	the	DET
taxlaw-8367	263	20	obligation	obligation	NOUN
taxlaw-8367	263	21	to	to	PART
taxlaw-8367	263	22	repay	repay	VERB
taxlaw-8367	263	23	is	be	AUX
taxlaw-8367	263	24	recognized	recognize	VERB
taxlaw-8367	263	25	immediately	immediately	ADV
taxlaw-8367	263	26	because	because	SCONJ
taxlaw-8367	263	27	it	it	PRON
taxlaw-8367	263	28	is	be	AUX
taxlaw-8367	263	29	fixed	fix	VERB
taxlaw-8367	263	30	and	and	CCONJ
taxlaw-8367	263	31	determinable	determinable	ADJ
taxlaw-8367	263	32	,	,	PUNCT
taxlaw-8367	263	33	there	there	PRON
taxlaw-8367	263	34	being	be	AUX
taxlaw-8367	263	35	no	no	DET
taxlaw-8367	263	36	requirement	requirement	NOUN
taxlaw-8367	263	37	of	of	ADP
taxlaw-8367	263	38	actual	actual	ADJ
taxlaw-8367	263	39	payment	payment	NOUN
taxlaw-8367	263	40	to	to	PART
taxlaw-8367	263	41	acknowledge	acknowledge	VERB
taxlaw-8367	263	42	the	the	DET
taxlaw-8367	263	43	liability.54	liability.54	PROPN
taxlaw-8367	263	44	there	there	PRON
taxlaw-8367	263	45	are	be	VERB
taxlaw-8367	263	46	significant	significant	ADJ
taxlaw-8367	263	47	problems	problem	NOUN
taxlaw-8367	263	48	with	with	ADP
taxlaw-8367	263	49	dodge	dodge	PROPN
taxlaw-8367	263	50	’s	’s	PART
taxlaw-8367	263	51	view	view	NOUN
taxlaw-8367	263	52	,	,	PUNCT
taxlaw-8367	263	53	but	but	CCONJ
taxlaw-8367	263	54	what	what	PRON
taxlaw-8367	263	55	is	be	AUX
taxlaw-8367	263	56	relevant	relevant	ADJ
taxlaw-8367	263	57	for	for	ADP
taxlaw-8367	263	58	present	present	ADJ
taxlaw-8367	263	59	purposes	purpose	NOUN
taxlaw-8367	263	60	is	be	AUX
taxlaw-8367	263	61	that	that	SCONJ
taxlaw-8367	263	62	the	the	DET
taxlaw-8367	263	63	controversy	controversy	NOUN
taxlaw-8367	263	64	between	between	ADP
taxlaw-8367	263	65	dodge	dodge	PROPN
taxlaw-8367	263	66	and	and	CCONJ
taxlaw-8367	263	67	those	those	PRON
taxlaw-8367	263	68	who	who	PRON
taxlaw-8367	263	69	disagree	disagree	VERB
taxlaw-8367	263	70	with	with	ADP
taxlaw-8367	263	71	him	he	PRON
taxlaw-8367	263	72	likely	likely	ADV
taxlaw-8367	263	73	can	can	AUX
taxlaw-8367	263	74	not	not	PART
taxlaw-8367	263	75	be	be	AUX
taxlaw-8367	263	76	finally	finally	ADV
taxlaw-8367	263	77	settled	settle	VERB
taxlaw-8367	263	78	under	under	ADP
taxlaw-8367	263	79	the	the	DET
taxlaw-8367	263	80	standard	standard	ADJ
taxlaw-8367	263	81	view	view	NOUN
taxlaw-8367	263	82	.	.	PUNCT
taxlaw-8367	264	1	in	in	ADP
taxlaw-8367	264	2	an	an	DET
taxlaw-8367	264	3	extended	extended	ADJ
taxlaw-8367	264	4	reply	reply	NOUN
taxlaw-8367	264	5	to	to	ADP
taxlaw-8367	264	6	his	his	PRON
taxlaw-8367	264	7	article	article	NOUN
taxlaw-8367	264	8	,	,	PUNCT
taxlaw-8367	264	9	charlotte	charlotte	PROPN
taxlaw-8367	264	10	crane	crane	PROPN
taxlaw-8367	264	11	notes	note	NOUN
taxlaw-8367	264	12	,	,	PUNCT
taxlaw-8367	264	13	among	among	ADP
taxlaw-8367	264	14	other	other	ADJ
taxlaw-8367	264	15	problems	problem	NOUN
taxlaw-8367	264	16	,	,	PUNCT
taxlaw-8367	264	17	that	that	SCONJ
taxlaw-8367	264	18	it	it	PRON
taxlaw-8367	264	19	is	be	AUX
taxlaw-8367	264	20	hard	hard	ADJ
taxlaw-8367	264	21	to	to	PART
taxlaw-8367	264	22	square	square	VERB
taxlaw-8367	264	23	his	his	PRON
taxlaw-8367	264	24	analysis	analysis	NOUN
taxlaw-8367	264	25	with	with	ADP
taxlaw-8367	264	26	the	the	DET
taxlaw-8367	264	27	idea	idea	NOUN
taxlaw-8367	264	28	that	that	SCONJ
taxlaw-8367	264	29	the	the	DET
taxlaw-8367	264	30	recipient	recipient	NOUN
taxlaw-8367	264	31	of	of	ADP
taxlaw-8367	264	32	loan	loan	NOUN
taxlaw-8367	264	33	proceeds	proceed	NOUN
taxlaw-8367	264	34	does	do	AUX
taxlaw-8367	264	35	not	not	PART
taxlaw-8367	264	36	appear	appear	VERB
taxlaw-8367	264	37	to	to	PART
taxlaw-8367	264	38	have	have	AUX
taxlaw-8367	264	39	experienced	experience	VERB
taxlaw-8367	264	40	the	the	DET
taxlaw-8367	264	41	same	same	ADJ
taxlaw-8367	264	42	increase	increase	NOUN
taxlaw-8367	264	43	in	in	ADP
taxlaw-8367	264	44	wealth	wealth	NOUN
taxlaw-8367	264	45	that	that	SCONJ
taxlaw-8367	264	46	someone	someone	PRON
taxlaw-8367	264	47	who	who	PRON
taxlaw-8367	264	48	receives	receive	VERB
taxlaw-8367	264	49	a	a	DET
taxlaw-8367	264	50	windfall	windfall	NOUN
taxlaw-8367	264	51	in	in	ADP
taxlaw-8367	264	52	the	the	DET
taxlaw-8367	264	53	same	same	ADJ
taxlaw-8367	264	54	dollar	dollar	NOUN
taxlaw-8367	264	55	amount	amount	NOUN
taxlaw-8367	264	56	does.55	does.55	NOUN
taxlaw-8367	264	57	we	we	PRON
taxlaw-8367	264	58	are	be	AUX
taxlaw-8367	264	59	inclined	inclined	ADJ
taxlaw-8367	264	60	to	to	PART
taxlaw-8367	264	61	say	say	VERB
taxlaw-8367	264	62	that	that	SCONJ
taxlaw-8367	264	63	two	two	NUM
taxlaw-8367	264	64	otherwise	otherwise	ADV
taxlaw-8367	264	65	identically	identically	ADV
taxlaw-8367	264	66	situated	situate	VERB
taxlaw-8367	264	67	individuals	individual	NOUN
taxlaw-8367	264	68	who	who	PRON
taxlaw-8367	264	69	each	each	PRON
taxlaw-8367	264	70	receive	receive	VERB
taxlaw-8367	264	71	$	$	SYM
taxlaw-8367	264	72	100,000	100,000	NUM
taxlaw-8367	264	73	in	in	ADP
taxlaw-8367	264	74	cash	cash	NOUN
taxlaw-8367	264	75	are	be	AUX
taxlaw-8367	264	76	not	not	PART
taxlaw-8367	264	77	equally	equally	ADV
taxlaw-8367	264	78	wealthy	wealthy	ADJ
taxlaw-8367	264	79	if	if	SCONJ
taxlaw-8367	264	80	one	one	NUM
taxlaw-8367	264	81	of	of	ADP
taxlaw-8367	264	82	them	they	PRON
taxlaw-8367	264	83	must	must	AUX
taxlaw-8367	264	84	pay	pay	VERB
taxlaw-8367	264	85	it	it	PRON
taxlaw-8367	264	86	back	back	ADV
taxlaw-8367	264	87	in	in	ADP
taxlaw-8367	264	88	two	two	NUM
taxlaw-8367	264	89	years	year	NOUN
taxlaw-8367	264	90	while	while	SCONJ
taxlaw-8367	264	91	the	the	DET
taxlaw-8367	264	92	other	other	ADJ
taxlaw-8367	264	93	has	have	VERB
taxlaw-8367	264	94	it	it	PRON
taxlaw-8367	264	95	free	free	ADJ
taxlaw-8367	264	96	and	and	CCONJ
taxlaw-8367	264	97	clear.56	clear.56	VERB
taxlaw-8367	264	98	for	for	ADP
taxlaw-8367	264	99	dodge	dodge	NOUN
taxlaw-8367	264	100	,	,	PUNCT
taxlaw-8367	264	101	however	however	ADV
taxlaw-8367	264	102	,	,	PUNCT
taxlaw-8367	264	103	this	this	DET
taxlaw-8367	264	104	criticism	criticism	NOUN
taxlaw-8367	264	105	is	be	AUX
taxlaw-8367	264	106	presumably	presumably	ADV
taxlaw-8367	264	107	beside	beside	ADP
taxlaw-8367	264	108	the	the	DET
taxlaw-8367	264	109	point	point	NOUN
taxlaw-8367	264	110	.	.	PUNCT
taxlaw-8367	265	1	we	we	PRON
taxlaw-8367	265	2	can	can	AUX
taxlaw-8367	265	3	address	address	VERB
taxlaw-8367	265	4	the	the	DET
taxlaw-8367	265	5	problem	problem	NOUN
taxlaw-8367	265	6	by	by	ADP
taxlaw-8367	265	7	eliminating	eliminate	VERB
taxlaw-8367	265	8	realization	realization	NOUN
taxlaw-8367	265	9	as	as	ADP
taxlaw-8367	265	10	a	a	DET
taxlaw-8367	265	11	requirement	requirement	NOUN
taxlaw-8367	265	12	for	for	ADP
taxlaw-8367	265	13	tax	tax	NOUN
taxlaw-8367	265	14	accounting	accounting	NOUN
taxlaw-8367	265	15	.	.	PUNCT
taxlaw-8367	266	1	then	then	ADV
taxlaw-8367	266	2	it	it	PRON
taxlaw-8367	266	3	becomes	become	VERB
taxlaw-8367	266	4	possible	possible	ADJ
taxlaw-8367	266	5	to	to	PART
taxlaw-8367	266	6	account	account	VERB
taxlaw-8367	266	7	for	for	ADP
taxlaw-8367	266	8	future	future	ADJ
taxlaw-8367	266	9	obligations.57	obligations.57	PROPN
taxlaw-8367	266	10	if	if	SCONJ
taxlaw-8367	266	11	one	one	PRON
taxlaw-8367	266	12	considers	consider	VERB
taxlaw-8367	266	13	periodicity	periodicity	NOUN
taxlaw-8367	266	14	to	to	PART
taxlaw-8367	266	15	be	be	AUX
taxlaw-8367	266	16	essential	essential	ADJ
taxlaw-8367	266	17	to	to	ADP
taxlaw-8367	266	18	an	an	DET
taxlaw-8367	266	19	income	income	NOUN
taxlaw-8367	266	20	tax	tax	NOUN
taxlaw-8367	266	21	—	—	PUNCT
taxlaw-8367	266	22	a	a	DET
taxlaw-8367	266	23	debatable	debatable	ADJ
taxlaw-8367	266	24	proposition	proposition	NOUN
taxlaw-8367	266	25	,	,	PUNCT
taxlaw-8367	266	26	as	as	SCONJ
taxlaw-8367	266	27	i	i	PRON
taxlaw-8367	266	28	argue	argue	VERB
taxlaw-8367	266	29	below58	below58	NOUN
taxlaw-8367	266	30	—	—	PUNCT
taxlaw-8367	266	31	one	one	PRON
taxlaw-8367	266	32	might	might	AUX
taxlaw-8367	266	33	conclude	conclude	VERB
taxlaw-8367	266	34	that	that	SCONJ
taxlaw-8367	266	35	the	the	DET
taxlaw-8367	266	36	difference	difference	NOUN
taxlaw-8367	266	37	between	between	ADP
taxlaw-8367	266	38	crane	crane	NOUN
taxlaw-8367	266	39	’s	’s	PART
taxlaw-8367	266	40	and	and	CCONJ
taxlaw-8367	266	41	dodge	dodge	VERB
taxlaw-8367	266	42	’s	’s	PART
taxlaw-8367	266	43	positions	position	NOUN
taxlaw-8367	266	44	boils	boil	VERB
taxlaw-8367	266	45	down	down	ADP
taxlaw-8367	266	46	to	to	ADP
taxlaw-8367	266	47	a	a	DET
taxlaw-8367	266	48	semantic	semantic	ADJ
taxlaw-8367	266	49	disagreement	disagreement	NOUN
taxlaw-8367	266	50	over	over	ADP
taxlaw-8367	266	51	the	the	DET
taxlaw-8367	266	52	meaning	meaning	NOUN
taxlaw-8367	266	53	of	of	ADP
taxlaw-8367	266	54	“	"	PUNCT
taxlaw-8367	266	55	realization	realization	NOUN
taxlaw-8367	266	56	.	.	PUNCT
taxlaw-8367	266	57	”	"	PUNCT
taxlaw-8367	267	1	for	for	ADP
taxlaw-8367	267	2	dodge	dodge	NOUN
taxlaw-8367	267	3	it	it	PRON
taxlaw-8367	267	4	does	do	AUX
taxlaw-8367	267	5	not	not	PART
taxlaw-8367	267	6	include	include	VERB
taxlaw-8367	267	7	events	event	NOUN
taxlaw-8367	267	8	that	that	PRON
taxlaw-8367	267	9	occur	occur	VERB
taxlaw-8367	267	10	in	in	ADP
taxlaw-8367	267	11	future	future	ADJ
taxlaw-8367	267	12	periods	period	NOUN
taxlaw-8367	267	13	even	even	ADV
taxlaw-8367	267	14	if	if	SCONJ
taxlaw-8367	267	15	the	the	DET
taxlaw-8367	267	16	occurrence	occurrence	NOUN
taxlaw-8367	267	17	of	of	ADP
taxlaw-8367	267	18	the	the	DET
taxlaw-8367	267	19	event	event	NOUN
taxlaw-8367	267	20	is	be	AUX
taxlaw-8367	267	21	legally	legally	ADV
taxlaw-8367	267	22	required	require	VERB
taxlaw-8367	267	23	on	on	ADP
taxlaw-8367	267	24	the	the	DET
taxlaw-8367	267	25	basis	basis	NOUN
taxlaw-8367	267	26	of	of	ADP
taxlaw-8367	267	27	commitments	commitment	NOUN
taxlaw-8367	267	28	entered	enter	VERB
taxlaw-8367	267	29	into	into	ADP
taxlaw-8367	267	30	in	in	ADP
taxlaw-8367	267	31	the	the	DET
taxlaw-8367	267	32	current	current	ADJ
taxlaw-8367	267	33	period	period	NOUN
taxlaw-8367	267	34	;	;	PUNCT
taxlaw-8367	267	35	for	for	ADP
taxlaw-8367	267	36	crane	crane	NOUN
taxlaw-8367	267	37	(	(	PUNCT
taxlaw-8367	267	38	and	and	CCONJ
taxlaw-8367	267	39	most	most	ADJ
taxlaw-8367	267	40	others	other	NOUN
taxlaw-8367	267	41	,	,	PUNCT
taxlaw-8367	267	42	it	it	PRON
taxlaw-8367	267	43	seems	seem	VERB
taxlaw-8367	267	44	)	)	PUNCT
taxlaw-8367	267	45	it	it	PRON
taxlaw-8367	267	46	does.59	does.59	VERB
taxlaw-8367	267	47	for	for	ADP
taxlaw-8367	267	48	them	they	PRON
taxlaw-8367	267	49	,	,	PUNCT
taxlaw-8367	267	50	the	the	DET
taxlaw-8367	267	51	realization	realization	NOUN
taxlaw-8367	267	52	51	51	NUM
taxlaw-8367	267	53	the	the	DET
taxlaw-8367	267	54	contrary	contrary	ADJ
taxlaw-8367	267	55	rule	rule	NOUN
taxlaw-8367	267	56	that	that	SCONJ
taxlaw-8367	267	57	the	the	DET
taxlaw-8367	267	58	borrower	borrower	NOUN
taxlaw-8367	267	59	recognizes	recognize	VERB
taxlaw-8367	267	60	no	no	DET
taxlaw-8367	267	61	gain	gain	NOUN
taxlaw-8367	267	62	on	on	ADP
taxlaw-8367	267	63	the	the	DET
taxlaw-8367	267	64	execution	execution	NOUN
taxlaw-8367	267	65	of	of	ADP
taxlaw-8367	267	66	a	a	DET
taxlaw-8367	267	67	nonrecourse	nonrecourse	NOUN
taxlaw-8367	267	68	loan	loan	NOUN
taxlaw-8367	267	69	is	be	AUX
taxlaw-8367	267	70	settled	settle	VERB
taxlaw-8367	267	71	.	.	PUNCT
taxlaw-8367	268	1	see	see	VERB
taxlaw-8367	268	2	woodsam	woodsam	PROPN
taxlaw-8367	268	3	assoc	assoc	PROPN
taxlaw-8367	268	4	.	.	PROPN
taxlaw-8367	268	5	,	,	PUNCT
taxlaw-8367	268	6	inc	inc	PROPN
taxlaw-8367	268	7	.	.	PROPN
taxlaw-8367	269	1	v.	v.	ADP
taxlaw-8367	269	2	comm’r	comm’r	NOUN
taxlaw-8367	269	3	,	,	PUNCT
taxlaw-8367	269	4	198	198	NUM
taxlaw-8367	269	5	f.2d	f.2d	ADP
taxlaw-8367	269	6	357	357	NUM
taxlaw-8367	269	7	(	(	PUNCT
taxlaw-8367	269	8	2nd	2nd	ADJ
taxlaw-8367	269	9	cir	cir	NOUN
taxlaw-8367	269	10	.	.	PROPN
taxlaw-8367	269	11	1952	1952	NUM
taxlaw-8367	269	12	)	)	PUNCT
taxlaw-8367	269	13	.	.	PUNCT
taxlaw-8367	270	1	52	52	NUM
taxlaw-8367	270	2	see	see	VERB
taxlaw-8367	270	3	dodge	dodge	NOUN
taxlaw-8367	270	4	,	,	PUNCT
taxlaw-8367	270	5	supra	supra	PROPN
taxlaw-8367	270	6	note	note	NOUN
taxlaw-8367	270	7	1	1	NUM
taxlaw-8367	270	8	,	,	PUNCT
taxlaw-8367	270	9	at	at	ADP
taxlaw-8367	270	10	256	256	NUM
taxlaw-8367	270	11	-	-	SYM
taxlaw-8367	270	12	65	65	NUM
taxlaw-8367	270	13	.	.	PUNCT
taxlaw-8367	271	1	53	53	NUM
taxlaw-8367	271	2	see	see	NOUN
taxlaw-8367	271	3	i.r.c	i.r.c	NOUN
taxlaw-8367	271	4	.	.	PUNCT
taxlaw-8367	272	1	§	§	PROPN
taxlaw-8367	272	2	1001(a	1001(a	PROPN
taxlaw-8367	272	3	)	)	PUNCT
taxlaw-8367	272	4	.	.	PUNCT
taxlaw-8367	273	1	54	54	NUM
taxlaw-8367	273	2	see	see	VERB
taxlaw-8367	273	3	treas	treas	PROPN
taxlaw-8367	273	4	.	.	PUNCT
taxlaw-8367	274	1	reg	reg	PROPN
taxlaw-8367	274	2	.	.	PUNCT
taxlaw-8367	275	1	§	§	PROPN
taxlaw-8367	275	2	1.451–1(a	1.451–1(a	NUM
taxlaw-8367	275	3	)	)	PUNCT
taxlaw-8367	275	4	.	.	PUNCT
taxlaw-8367	276	1	55	55	NUM
taxlaw-8367	276	2	see	see	VERB
taxlaw-8367	276	3	charlotte	charlotte	PROPN
taxlaw-8367	276	4	crane	crane	PROPN
taxlaw-8367	276	5	,	,	PUNCT
taxlaw-8367	276	6	loan	loan	NOUN
taxlaw-8367	276	7	proceeds	proceed	NOUN
taxlaw-8367	276	8	as	as	ADP
taxlaw-8367	276	9	income	income	NOUN
taxlaw-8367	276	10	:	:	PUNCT
taxlaw-8367	276	11	a	a	DET
taxlaw-8367	276	12	reply	reply	NOUN
taxlaw-8367	276	13	to	to	ADP
taxlaw-8367	276	14	professor	professor	NOUN
taxlaw-8367	276	15	dodge	dodge	PROPN
taxlaw-8367	276	16	,	,	PUNCT
taxlaw-8367	276	17	27	27	NUM
taxlaw-8367	276	18	va	va	NOUN
taxlaw-8367	276	19	.	.	PUNCT
taxlaw-8367	276	20	tax	tax	PROPN
taxlaw-8367	276	21	rev	rev	PROPN
taxlaw-8367	276	22	.	.	PROPN
taxlaw-8367	276	23	563	563	NUM
taxlaw-8367	276	24	,	,	PUNCT
taxlaw-8367	276	25	566	566	NUM
taxlaw-8367	276	26	-	-	SYM
taxlaw-8367	276	27	68	68	NUM
taxlaw-8367	276	28	(	(	PUNCT
taxlaw-8367	276	29	2008	2008	NUM
taxlaw-8367	276	30	)	)	PUNCT
taxlaw-8367	276	31	.	.	PUNCT
taxlaw-8367	277	1	56	56	NUM
taxlaw-8367	277	2	see	see	VERB
taxlaw-8367	277	3	i	i	PRON
taxlaw-8367	277	4	d.	d.	PROPN
taxlaw-8367	277	5	57	57	NUM
taxlaw-8367	277	6	see	see	VERB
taxlaw-8367	277	7	dodge	dodge	NOUN
taxlaw-8367	277	8	,	,	PUNCT
taxlaw-8367	277	9	supra	supra	PROPN
taxlaw-8367	277	10	note	note	NOUN
taxlaw-8367	277	11	1	1	NUM
taxlaw-8367	277	12	,	,	PUNCT
taxlaw-8367	277	13	at	at	ADP
taxlaw-8367	277	14	258	258	NUM
taxlaw-8367	277	15	.	.	PUNCT
taxlaw-8367	278	1	58	58	NUM
taxlaw-8367	278	2	see	see	VERB
taxlaw-8367	278	3	infra	infra	NOUN
taxlaw-8367	278	4	part	part	NOUN
taxlaw-8367	278	5	v.	v.	ADP
taxlaw-8367	278	6	59	59	NUM
taxlaw-8367	278	7	see	see	NOUN
taxlaw-8367	278	8	,	,	PUNCT
taxlaw-8367	278	9	e.g.	e.g.	ADV
taxlaw-8367	278	10	,	,	PUNCT
taxlaw-8367	278	11	deborah	deborah	PROPN
taxlaw-8367	278	12	schenk	schenk	PROPN
taxlaw-8367	278	13	,	,	PUNCT
taxlaw-8367	278	14	a	a	DET
taxlaw-8367	278	15	positive	positive	ADJ
taxlaw-8367	278	16	account	account	NOUN
taxlaw-8367	278	17	of	of	ADP
taxlaw-8367	278	18	the	the	DET
taxlaw-8367	278	19	realization	realization	NOUN
taxlaw-8367	278	20	rule	rule	NOUN
taxlaw-8367	278	21	,	,	PUNCT
taxlaw-8367	278	22	53	53	NUM
taxlaw-8367	278	23	tax	tax	NOUN
taxlaw-8367	278	24	l.	l.	PROPN
taxlaw-8367	278	25	rev	rev	PROPN
taxlaw-8367	278	26	.	.	PROPN
taxlaw-8367	278	27	354	354	NUM
taxlaw-8367	278	28	,	,	PUNCT
taxlaw-8367	278	29	357	357	NUM
taxlaw-8367	278	30	(	(	PUNCT
taxlaw-8367	278	31	2004	2004	NUM
taxlaw-8367	278	32	)	)	PUNCT
taxlaw-8367	278	33	(	(	PUNCT
taxlaw-8367	278	34	characterizing	characterize	VERB
taxlaw-8367	278	35	the	the	DET
taxlaw-8367	278	36	realization	realization	NOUN
taxlaw-8367	278	37	rule	rule	NOUN
taxlaw-8367	278	38	as	as	ADP
taxlaw-8367	278	39	disregarding	disregard	VERB
taxlaw-8367	278	40	“	"	PUNCT
taxlaw-8367	278	41	‘	'	PUNCT
taxlaw-8367	278	42	mere	mere	ADJ
taxlaw-8367	278	43	’	'	PUNCT
taxlaw-8367	278	44	increases	increase	NOUN
taxlaw-8367	278	45	or	or	CCONJ
taxlaw-8367	278	46	decreases	decrease	NOUN
taxlaw-8367	278	47	in	in	ADP
taxlaw-8367	278	48	value	value	NOUN
taxlaw-8367	278	49	”	"	PUNCT
taxlaw-8367	278	50	between	between	ADP
taxlaw-8367	278	51	2021	2021	NUM
taxlaw-8367	278	52	]	]	PUNCT
taxlaw-8367	278	53	debt	debt	NOUN
taxlaw-8367	278	54	and	and	CCONJ
taxlaw-8367	278	55	taxes	taxis	NOUN
taxlaw-8367	278	56	99	99	NUM
taxlaw-8367	278	57	rule	rule	NOUN
taxlaw-8367	278	58	prevents	prevent	VERB
taxlaw-8367	278	59	taking	take	VERB
taxlaw-8367	278	60	account	account	NOUN
taxlaw-8367	278	61	of	of	ADP
taxlaw-8367	278	62	fluctuations	fluctuation	NOUN
taxlaw-8367	278	63	in	in	ADP
taxlaw-8367	278	64	an	an	DET
taxlaw-8367	278	65	asset	asset	NOUN
taxlaw-8367	278	66	’s	’s	PART
taxlaw-8367	278	67	value	value	NOUN
taxlaw-8367	278	68	that	that	PRON
taxlaw-8367	278	69	arise	arise	VERB
taxlaw-8367	278	70	during	during	ADP
taxlaw-8367	278	71	the	the	DET
taxlaw-8367	278	72	taxpayer	taxpayer	NOUN
taxlaw-8367	278	73	’s	’s	PART
taxlaw-8367	278	74	holding	hold	VERB
taxlaw-8367	278	75	period	period	NOUN
taxlaw-8367	278	76	but	but	CCONJ
taxlaw-8367	278	77	does	do	AUX
taxlaw-8367	278	78	not	not	PART
taxlaw-8367	278	79	require	require	VERB
taxlaw-8367	278	80	disregarding	disregard	VERB
taxlaw-8367	278	81	known	know	VERB
taxlaw-8367	278	82	future	future	ADJ
taxlaw-8367	278	83	rights	right	NOUN
taxlaw-8367	278	84	and	and	CCONJ
taxlaw-8367	278	85	obligations	obligation	NOUN
taxlaw-8367	278	86	.	.	PUNCT
taxlaw-8367	279	1	the	the	DET
taxlaw-8367	279	2	question	question	NOUN
taxlaw-8367	279	3	of	of	ADP
taxlaw-8367	279	4	who	who	PRON
taxlaw-8367	279	5	is	be	AUX
taxlaw-8367	279	6	right	right	ADJ
taxlaw-8367	279	7	,	,	PUNCT
taxlaw-8367	279	8	however	however	ADV
taxlaw-8367	279	9	,	,	PUNCT
taxlaw-8367	279	10	does	do	AUX
taxlaw-8367	279	11	not	not	PART
taxlaw-8367	279	12	seem	seem	VERB
taxlaw-8367	279	13	capable	capable	ADJ
taxlaw-8367	279	14	of	of	ADP
taxlaw-8367	279	15	a	a	DET
taxlaw-8367	279	16	definitive	definitive	ADJ
taxlaw-8367	279	17	answer	answer	NOUN
taxlaw-8367	279	18	if	if	SCONJ
taxlaw-8367	279	19	the	the	DET
taxlaw-8367	279	20	standard	standard	ADJ
taxlaw-8367	279	21	view	view	NOUN
taxlaw-8367	279	22	is	be	AUX
taxlaw-8367	279	23	correct.60	correct.60	NOUN
taxlaw-8367	279	24	as	as	SCONJ
taxlaw-8367	279	25	developed	develop	VERB
taxlaw-8367	279	26	below	below	ADV
taxlaw-8367	279	27	,	,	PUNCT
taxlaw-8367	279	28	under	under	ADP
taxlaw-8367	279	29	lal	lal	PROPN
taxlaw-8367	279	30	it	it	PRON
taxlaw-8367	279	31	is	be	AUX
taxlaw-8367	279	32	clear	clear	ADJ
taxlaw-8367	279	33	that	that	SCONJ
taxlaw-8367	279	34	no	no	DET
taxlaw-8367	279	35	inclusion	inclusion	NOUN
taxlaw-8367	279	36	arises	arise	VERB
taxlaw-8367	279	37	for	for	ADP
taxlaw-8367	279	38	the	the	DET
taxlaw-8367	279	39	borrower	borrower	NOUN
taxlaw-8367	279	40	regardless	regardless	ADV
taxlaw-8367	279	41	of	of	ADP
taxlaw-8367	279	42	whether	whether	SCONJ
taxlaw-8367	279	43	the	the	DET
taxlaw-8367	279	44	realization	realization	NOUN
taxlaw-8367	279	45	rule	rule	NOUN
taxlaw-8367	279	46	is	be	AUX
taxlaw-8367	279	47	a	a	DET
taxlaw-8367	279	48	feature	feature	NOUN
taxlaw-8367	279	49	of	of	ADP
taxlaw-8367	279	50	the	the	DET
taxlaw-8367	279	51	tax	tax	NOUN
taxlaw-8367	279	52	.	.	PUNCT
taxlaw-8367	280	1	2	2	X
taxlaw-8367	280	2	.	.	X
taxlaw-8367	280	3	treatment	treatment	NOUN
taxlaw-8367	280	4	of	of	ADP
taxlaw-8367	280	5	lender	lender	NOUN
taxlaw-8367	280	6	the	the	DET
taxlaw-8367	280	7	treatment	treatment	NOUN
taxlaw-8367	280	8	of	of	ADP
taxlaw-8367	280	9	the	the	DET
taxlaw-8367	280	10	lender	lender	NOUN
taxlaw-8367	280	11	is	be	AUX
taxlaw-8367	280	12	somewhat	somewhat	ADV
taxlaw-8367	280	13	less	less	ADV
taxlaw-8367	280	14	controversial	controversial	ADJ
taxlaw-8367	280	15	.	.	PUNCT
taxlaw-8367	281	1	if	if	SCONJ
taxlaw-8367	281	2	the	the	DET
taxlaw-8367	281	3	loan	loan	NOUN
taxlaw-8367	281	4	is	be	AUX
taxlaw-8367	281	5	not	not	PART
taxlaw-8367	281	6	includible	includible	ADJ
taxlaw-8367	281	7	to	to	ADP
taxlaw-8367	281	8	the	the	DET
taxlaw-8367	281	9	borrower	borrower	NOUN
taxlaw-8367	281	10	,	,	PUNCT
taxlaw-8367	281	11	it	it	PRON
taxlaw-8367	281	12	should	should	AUX
taxlaw-8367	281	13	not	not	PART
taxlaw-8367	281	14	generate	generate	VERB
taxlaw-8367	281	15	a	a	DET
taxlaw-8367	281	16	deduction	deduction	NOUN
taxlaw-8367	281	17	to	to	ADP
taxlaw-8367	281	18	the	the	DET
taxlaw-8367	281	19	lender	lender	NOUN
taxlaw-8367	281	20	,	,	PUNCT
taxlaw-8367	281	21	for	for	ADP
taxlaw-8367	281	22	at	at	ADV
taxlaw-8367	281	23	least	least	ADV
taxlaw-8367	281	24	two	two	NUM
taxlaw-8367	281	25	reasons	reason	NOUN
taxlaw-8367	281	26	.	.	PUNCT
taxlaw-8367	282	1	first	first	ADV
taxlaw-8367	282	2	,	,	PUNCT
taxlaw-8367	282	3	providing	provide	VERB
taxlaw-8367	282	4	a	a	DET
taxlaw-8367	282	5	deduction	deduction	NOUN
taxlaw-8367	282	6	when	when	SCONJ
taxlaw-8367	282	7	there	there	PRON
taxlaw-8367	282	8	is	be	VERB
taxlaw-8367	282	9	no	no	DET
taxlaw-8367	282	10	inclusion	inclusion	NOUN
taxlaw-8367	282	11	would	would	AUX
taxlaw-8367	282	12	cause	cause	VERB
taxlaw-8367	282	13	the	the	DET
taxlaw-8367	282	14	loan	loan	NOUN
taxlaw-8367	282	15	proceeds	proceed	NOUN
taxlaw-8367	282	16	to	to	PART
taxlaw-8367	282	17	drop	drop	VERB
taxlaw-8367	282	18	out	out	ADP
taxlaw-8367	282	19	of	of	ADP
taxlaw-8367	282	20	the	the	DET
taxlaw-8367	282	21	tax	tax	NOUN
taxlaw-8367	282	22	base	base	NOUN
taxlaw-8367	282	23	while	while	SCONJ
taxlaw-8367	282	24	the	the	DET
taxlaw-8367	282	25	loan	loan	NOUN
taxlaw-8367	282	26	was	be	AUX
taxlaw-8367	282	27	extended	extend	VERB
taxlaw-8367	282	28	.	.	PUNCT
taxlaw-8367	283	1	second	second	ADJ
taxlaw-8367	283	2	,	,	PUNCT
taxlaw-8367	283	3	from	from	ADP
taxlaw-8367	283	4	the	the	DET
taxlaw-8367	283	5	lender	lender	NOUN
taxlaw-8367	283	6	’s	’s	PART
taxlaw-8367	283	7	perspective	perspective	NOUN
taxlaw-8367	283	8	,	,	PUNCT
taxlaw-8367	283	9	the	the	DET
taxlaw-8367	283	10	transaction	transaction	NOUN
taxlaw-8367	283	11	can	can	AUX
taxlaw-8367	283	12	be	be	AUX
taxlaw-8367	283	13	seen	see	VERB
taxlaw-8367	283	14	as	as	ADP
taxlaw-8367	283	15	a	a	DET
taxlaw-8367	283	16	straightforward	straightforward	ADJ
taxlaw-8367	283	17	purchase	purchase	NOUN
taxlaw-8367	283	18	of	of	ADP
taxlaw-8367	283	19	an	an	DET
taxlaw-8367	283	20	asset	asset	NOUN
taxlaw-8367	283	21	:	:	PUNCT
taxlaw-8367	283	22	the	the	DET
taxlaw-8367	283	23	borrower	borrower	NOUN
taxlaw-8367	283	24	’s	’s	PART
taxlaw-8367	283	25	note	note	NOUN
taxlaw-8367	283	26	.	.	PUNCT
taxlaw-8367	284	1	this	this	DET
taxlaw-8367	284	2	note	note	NOUN
taxlaw-8367	284	3	has	have	VERB
taxlaw-8367	284	4	a	a	DET
taxlaw-8367	284	5	fair	fair	ADJ
taxlaw-8367	284	6	market	market	NOUN
taxlaw-8367	284	7	value	value	NOUN
taxlaw-8367	284	8	equal	equal	ADJ
taxlaw-8367	284	9	to	to	ADP
taxlaw-8367	284	10	that	that	PRON
taxlaw-8367	284	11	of	of	ADP
taxlaw-8367	284	12	the	the	DET
taxlaw-8367	284	13	loan	loan	NOUN
taxlaw-8367	284	14	proceeds	proceed	NOUN
taxlaw-8367	284	15	(	(	PUNCT
taxlaw-8367	284	16	assuming	assume	VERB
taxlaw-8367	284	17	it	it	PRON
taxlaw-8367	284	18	provides	provide	VERB
taxlaw-8367	284	19	for	for	ADP
taxlaw-8367	284	20	adequate	adequate	ADJ
taxlaw-8367	284	21	interest	interest	NOUN
taxlaw-8367	284	22	)	)	PUNCT
taxlaw-8367	284	23	so	so	SCONJ
taxlaw-8367	284	24	that	that	SCONJ
taxlaw-8367	284	25	the	the	DET
taxlaw-8367	284	26	lender	lender	NOUN
taxlaw-8367	284	27	has	have	AUX
taxlaw-8367	284	28	not	not	PART
taxlaw-8367	284	29	lost	lose	VERB
taxlaw-8367	284	30	anything	anything	PRON
taxlaw-8367	284	31	in	in	ADP
taxlaw-8367	284	32	the	the	DET
taxlaw-8367	284	33	exchange	exchange	NOUN
taxlaw-8367	284	34	.	.	PUNCT
taxlaw-8367	285	1	similarly	similarly	ADV
taxlaw-8367	285	2	,	,	PUNCT
taxlaw-8367	285	3	if	if	SCONJ
taxlaw-8367	285	4	one	one	PRON
taxlaw-8367	285	5	considers	consider	VERB
taxlaw-8367	285	6	that	that	SCONJ
taxlaw-8367	285	7	a	a	DET
taxlaw-8367	285	8	better	well	ADJ
taxlaw-8367	285	9	rule	rule	NOUN
taxlaw-8367	285	10	would	would	AUX
taxlaw-8367	285	11	treat	treat	VERB
taxlaw-8367	285	12	the	the	DET
taxlaw-8367	285	13	borrower	borrower	NOUN
taxlaw-8367	285	14	as	as	ADP
taxlaw-8367	285	15	having	have	VERB
taxlaw-8367	285	16	income	income	NOUN
taxlaw-8367	285	17	on	on	ADP
taxlaw-8367	285	18	receipt	receipt	NOUN
taxlaw-8367	285	19	of	of	ADP
taxlaw-8367	285	20	the	the	DET
taxlaw-8367	285	21	loan	loan	NOUN
taxlaw-8367	285	22	proceeds	proceed	NOUN
taxlaw-8367	285	23	,	,	PUNCT
taxlaw-8367	285	24	it	it	PRON
taxlaw-8367	285	25	appears	appear	VERB
taxlaw-8367	285	26	that	that	SCONJ
taxlaw-8367	285	27	the	the	DET
taxlaw-8367	285	28	lender	lender	NOUN
taxlaw-8367	285	29	should	should	AUX
taxlaw-8367	285	30	have	have	VERB
taxlaw-8367	285	31	a	a	DET
taxlaw-8367	285	32	deduction.61	deduction.61	NOUN
taxlaw-8367	285	33	generally	generally	ADV
taxlaw-8367	285	34	speaking	speak	VERB
taxlaw-8367	285	35	,	,	PUNCT
taxlaw-8367	285	36	the	the	DET
taxlaw-8367	285	37	theory	theory	NOUN
taxlaw-8367	285	38	would	would	AUX
taxlaw-8367	285	39	be	be	AUX
taxlaw-8367	285	40	that	that	SCONJ
taxlaw-8367	285	41	the	the	DET
taxlaw-8367	285	42	loan	loan	NOUN
taxlaw-8367	285	43	represents	represent	VERB
taxlaw-8367	285	44	a	a	DET
taxlaw-8367	285	45	transfer	transfer	NOUN
taxlaw-8367	285	46	of	of	ADP
taxlaw-8367	285	47	wealth	wealth	NOUN
taxlaw-8367	285	48	from	from	ADP
taxlaw-8367	285	49	the	the	DET
taxlaw-8367	285	50	lender	lender	NOUN
taxlaw-8367	285	51	to	to	ADP
taxlaw-8367	285	52	the	the	DET
taxlaw-8367	285	53	borrower	borrower	NOUN
taxlaw-8367	285	54	;	;	PUNCT
taxlaw-8367	285	55	it	it	PRON
taxlaw-8367	285	56	does	do	AUX
taxlaw-8367	285	57	not	not	PART
taxlaw-8367	285	58	itself	itself	PRON
taxlaw-8367	285	59	create	create	VERB
taxlaw-8367	285	60	value	value	NOUN
taxlaw-8367	285	61	out	out	ADP
taxlaw-8367	285	62	of	of	ADP
taxlaw-8367	285	63	thin	thin	ADJ
taxlaw-8367	285	64	air	air	NOUN
taxlaw-8367	285	65	.	.	PUNCT
taxlaw-8367	286	1	correlatively	correlatively	ADV
taxlaw-8367	286	2	,	,	PUNCT
taxlaw-8367	286	3	repayment	repayment	NOUN
taxlaw-8367	286	4	is	be	AUX
taxlaw-8367	286	5	income	income	NOUN
taxlaw-8367	286	6	to	to	ADP
taxlaw-8367	286	7	the	the	DET
taxlaw-8367	286	8	lender	lender	NOUN
taxlaw-8367	286	9	if	if	SCONJ
taxlaw-8367	286	10	and	and	CCONJ
taxlaw-8367	286	11	only	only	ADV
taxlaw-8367	286	12	if	if	SCONJ
taxlaw-8367	286	13	the	the	DET
taxlaw-8367	286	14	lender	lender	NOUN
taxlaw-8367	286	15	has	have	AUX
taxlaw-8367	286	16	deducted	deduct	VERB
taxlaw-8367	286	17	(	(	PUNCT
taxlaw-8367	286	18	and	and	CCONJ
taxlaw-8367	286	19	therefore	therefore	ADV
taxlaw-8367	286	20	the	the	DET
taxlaw-8367	286	21	borrower	borrower	NOUN
taxlaw-8367	286	22	has	have	AUX
taxlaw-8367	286	23	included	include	VERB
taxlaw-8367	286	24	)	)	PUNCT
taxlaw-8367	286	25	the	the	DET
taxlaw-8367	286	26	loan	loan	NOUN
taxlaw-8367	286	27	proceeds	proceed	NOUN
taxlaw-8367	286	28	on	on	ADP
taxlaw-8367	286	29	extension	extension	NOUN
taxlaw-8367	286	30	of	of	ADP
taxlaw-8367	286	31	the	the	DET
taxlaw-8367	286	32	loan	loan	NOUN
taxlaw-8367	286	33	.	.	PUNCT
taxlaw-8367	287	1	c.	c.	NOUN
taxlaw-8367	287	2	proposition	proposition	NOUN
taxlaw-8367	287	3	2	2	NUM
taxlaw-8367	287	4	:	:	PUNCT
taxlaw-8367	287	5	both	both	DET
taxlaw-8367	287	6	parties	party	NOUN
taxlaw-8367	287	7	receive	receive	VERB
taxlaw-8367	287	8	basis	basis	NOUN
taxlaw-8367	287	9	credit	credit	NOUN
taxlaw-8367	287	10	whether	whether	SCONJ
taxlaw-8367	287	11	and	and	CCONJ
taxlaw-8367	287	12	to	to	ADP
taxlaw-8367	287	13	what	what	DET
taxlaw-8367	287	14	extent	extent	NOUN
taxlaw-8367	287	15	the	the	DET
taxlaw-8367	287	16	parties	party	NOUN
taxlaw-8367	287	17	to	to	ADP
taxlaw-8367	287	18	the	the	DET
taxlaw-8367	287	19	loan	loan	NOUN
taxlaw-8367	287	20	have	have	VERB
taxlaw-8367	287	21	basis	basis	NOUN
taxlaw-8367	287	22	in	in	ADP
taxlaw-8367	287	23	what	what	PRON
taxlaw-8367	287	24	they	they	PRON
taxlaw-8367	287	25	receive	receive	VERB
taxlaw-8367	287	26	is	be	AUX
taxlaw-8367	287	27	technically	technically	ADV
taxlaw-8367	287	28	a	a	DET
taxlaw-8367	287	29	further	further	ADJ
taxlaw-8367	287	30	question	question	NOUN
taxlaw-8367	287	31	.	.	PUNCT
taxlaw-8367	288	1	on	on	ADP
taxlaw-8367	288	2	the	the	DET
taxlaw-8367	288	3	borrower	borrower	NOUN
taxlaw-8367	288	4	side	side	NOUN
taxlaw-8367	288	5	,	,	PUNCT
taxlaw-8367	288	6	a	a	DET
taxlaw-8367	288	7	number	number	NOUN
taxlaw-8367	288	8	of	of	ADP
taxlaw-8367	288	9	authorities	authority	NOUN
taxlaw-8367	288	10	and	and	CCONJ
taxlaw-8367	288	11	commentaries	commentary	NOUN
taxlaw-8367	288	12	consider	consider	VERB
taxlaw-8367	288	13	basis	basis	NOUN
taxlaw-8367	288	14	credit	credit	NOUN
taxlaw-8367	288	15	as	as	ADP
taxlaw-8367	288	16	self	self	NOUN
taxlaw-8367	288	17	-	-	PUNCT
taxlaw-8367	288	18	evident	evident	ADJ
taxlaw-8367	288	19	under	under	ADP
taxlaw-8367	288	20	the	the	DET
taxlaw-8367	288	21	assumption	assumption	NOUN
taxlaw-8367	288	22	that	that	SCONJ
taxlaw-8367	288	23	the	the	DET
taxlaw-8367	288	24	borrower	borrower	NOUN
taxlaw-8367	288	25	has	have	AUX
taxlaw-8367	288	26	not	not	PART
taxlaw-8367	288	27	received	receive	VERB
taxlaw-8367	288	28	any	any	DET
taxlaw-8367	288	29	net	net	NOUN
taxlaw-8367	288	30	value;62	value;62	DET
taxlaw-8367	288	31	others	other	NOUN
taxlaw-8367	288	32	,	,	PUNCT
taxlaw-8367	288	33	however	however	ADV
taxlaw-8367	288	34	,	,	PUNCT
taxlaw-8367	288	35	accept	accept	VERB
taxlaw-8367	288	36	nontaxation	nontaxation	NOUN
taxlaw-8367	288	37	(	(	PUNCT
taxlaw-8367	288	38	in	in	ADP
taxlaw-8367	288	39	whole	whole	NOUN
taxlaw-8367	288	40	or	or	CCONJ
taxlaw-8367	288	41	part	part	NOUN
taxlaw-8367	288	42	)	)	PUNCT
taxlaw-8367	288	43	on	on	ADP
taxlaw-8367	288	44	acquisition	acquisition	NOUN
taxlaw-8367	288	45	and	and	CCONJ
taxlaw-8367	288	46	disposition	disposition	NOUN
taxlaw-8367	288	47	of	of	ADP
taxlaw-8367	288	48	a	a	DET
taxlaw-8367	288	49	position	position	NOUN
taxlaw-8367	288	50	)	)	PUNCT
taxlaw-8367	288	51	;	;	PUNCT
taxlaw-8367	289	1	david	david	PROPN
taxlaw-8367	289	2	m.	m.	PROPN
taxlaw-8367	289	3	schizer	schizer	PROPN
taxlaw-8367	289	4	,	,	PUNCT
taxlaw-8367	289	5	realization	realization	NOUN
taxlaw-8367	289	6	as	as	ADP
taxlaw-8367	289	7	subsidy	subsidy	NOUN
taxlaw-8367	289	8	,	,	PUNCT
taxlaw-8367	289	9	73	73	NUM
taxlaw-8367	289	10	n.y.u	n.y.u	NOUN
taxlaw-8367	289	11	.	.	PUNCT
taxlaw-8367	290	1	l.	l.	PROPN
taxlaw-8367	290	2	rev	rev	PROPN
taxlaw-8367	290	3	.	.	PROPN
taxlaw-8367	290	4	1549	1549	NUM
taxlaw-8367	290	5	,	,	PUNCT
taxlaw-8367	290	6	1555	1555	NUM
taxlaw-8367	290	7	(	(	PUNCT
taxlaw-8367	290	8	1998	1998	NUM
taxlaw-8367	290	9	)	)	PUNCT
taxlaw-8367	290	10	(	(	PUNCT
taxlaw-8367	290	11	“	"	PUNCT
taxlaw-8367	290	12	when	when	SCONJ
taxlaw-8367	290	13	stock	stock	NOUN
taxlaw-8367	290	14	appreciates	appreciate	VERB
taxlaw-8367	290	15	from	from	ADP
taxlaw-8367	290	16	$	$	SYM
taxlaw-8367	290	17	100	100	NUM
taxlaw-8367	290	18	to	to	PART
taxlaw-8367	290	19	$	$	SYM
taxlaw-8367	290	20	400	400	NUM
taxlaw-8367	290	21	,	,	PUNCT
taxlaw-8367	290	22	a	a	DET
taxlaw-8367	290	23	taxpayer	taxpayer	NOUN
taxlaw-8367	290	24	is	be	AUX
taxlaw-8367	290	25	$	$	SYM
taxlaw-8367	290	26	300	300	NUM
taxlaw-8367	290	27	wealthier	wealthy	ADJ
taxlaw-8367	290	28	;	;	PUNCT
taxlaw-8367	290	29	she	she	PRON
taxlaw-8367	290	30	is	be	AUX
taxlaw-8367	290	31	not	not	PART
taxlaw-8367	290	32	taxed	tax	VERB
taxlaw-8367	290	33	,	,	PUNCT
taxlaw-8367	290	34	though	though	ADV
taxlaw-8367	290	35	,	,	PUNCT
taxlaw-8367	290	36	until	until	SCONJ
taxlaw-8367	290	37	she	she	PRON
taxlaw-8367	290	38	disposes	dispose	VERB
taxlaw-8367	290	39	of	of	ADP
taxlaw-8367	290	40	the	the	DET
taxlaw-8367	290	41	property	property	NOUN
taxlaw-8367	290	42	.	.	PUNCT
taxlaw-8367	290	43	”	"	PUNCT
taxlaw-8367	290	44	)	)	PUNCT
taxlaw-8367	290	45	;	;	PUNCT
taxlaw-8367	290	46	white	white	ADJ
taxlaw-8367	290	47	,	,	PUNCT
taxlaw-8367	290	48	supra	supra	ADJ
taxlaw-8367	290	49	note	note	NOUN
taxlaw-8367	290	50	1	1	NUM
taxlaw-8367	290	51	,	,	PUNCT
taxlaw-8367	290	52	at	at	ADP
taxlaw-8367	290	53	2046	2046	NUM
taxlaw-8367	290	54	(	(	PUNCT
taxlaw-8367	290	55	discussing	discuss	VERB
taxlaw-8367	290	56	realization	realization	NOUN
taxlaw-8367	290	57	as	as	SCONJ
taxlaw-8367	290	58	described	describe	VERB
taxlaw-8367	290	59	by	by	ADP
taxlaw-8367	290	60	the	the	DET
taxlaw-8367	290	61	supreme	supreme	PROPN
taxlaw-8367	290	62	court	court	PROPN
taxlaw-8367	290	63	as	as	ADP
taxlaw-8367	290	64	involving	involve	VERB
taxlaw-8367	290	65	separation	separation	NOUN
taxlaw-8367	290	66	or	or	CCONJ
taxlaw-8367	290	67	disposition	disposition	NOUN
taxlaw-8367	290	68	,	,	PUNCT
taxlaw-8367	290	69	without	without	ADP
taxlaw-8367	290	70	reference	reference	NOUN
taxlaw-8367	290	71	to	to	ADP
taxlaw-8367	290	72	the	the	DET
taxlaw-8367	290	73	period	period	NOUN
taxlaw-8367	290	74	in	in	ADP
taxlaw-8367	290	75	which	which	PRON
taxlaw-8367	290	76	the	the	DET
taxlaw-8367	290	77	disposition	disposition	NOUN
taxlaw-8367	290	78	occurs	occur	VERB
taxlaw-8367	290	79	)	)	PUNCT
taxlaw-8367	290	80	.	.	PUNCT
taxlaw-8367	291	1	a	a	DET
taxlaw-8367	291	2	legally	legally	ADV
taxlaw-8367	291	3	binding	bind	VERB
taxlaw-8367	291	4	repayment	repayment	NOUN
taxlaw-8367	291	5	obligation	obligation	NOUN
taxlaw-8367	291	6	does	do	AUX
taxlaw-8367	291	7	not	not	PART
taxlaw-8367	291	8	qualify	qualify	VERB
taxlaw-8367	291	9	as	as	ADP
taxlaw-8367	291	10	a	a	DET
taxlaw-8367	291	11	value	value	NOUN
taxlaw-8367	291	12	fluctuation	fluctuation	NOUN
taxlaw-8367	291	13	,	,	PUNCT
taxlaw-8367	291	14	or	or	CCONJ
taxlaw-8367	291	15	“	"	PUNCT
taxlaw-8367	291	16	market	market	NOUN
taxlaw-8367	291	17	swing	swing	NOUN
taxlaw-8367	291	18	.	.	PUNCT
taxlaw-8367	291	19	”	"	PUNCT
taxlaw-8367	292	1	in	in	ADP
taxlaw-8367	292	2	the	the	DET
taxlaw-8367	292	3	loan	loan	NOUN
taxlaw-8367	292	4	setting	setting	NOUN
taxlaw-8367	292	5	,	,	PUNCT
taxlaw-8367	292	6	the	the	DET
taxlaw-8367	292	7	realization	realization	NOUN
taxlaw-8367	292	8	rule	rule	NOUN
taxlaw-8367	292	9	as	as	SCONJ
taxlaw-8367	292	10	understood	understand	VERB
taxlaw-8367	292	11	by	by	ADP
taxlaw-8367	292	12	schenk	schenk	PROPN
taxlaw-8367	292	13	(	(	PUNCT
taxlaw-8367	292	14	and	and	CCONJ
taxlaw-8367	292	15	others	other	NOUN
taxlaw-8367	292	16	)	)	PUNCT
taxlaw-8367	292	17	merely	merely	ADV
taxlaw-8367	292	18	prevents	prevent	VERB
taxlaw-8367	292	19	the	the	DET
taxlaw-8367	292	20	parties	party	NOUN
taxlaw-8367	292	21	from	from	ADP
taxlaw-8367	292	22	taking	take	VERB
taxlaw-8367	292	23	account	account	NOUN
taxlaw-8367	292	24	of	of	ADP
taxlaw-8367	292	25	the	the	DET
taxlaw-8367	292	26	effect	effect	NOUN
taxlaw-8367	292	27	of	of	ADP
taxlaw-8367	292	28	interest	interest	NOUN
taxlaw-8367	292	29	rate	rate	NOUN
taxlaw-8367	292	30	fluctuations	fluctuation	NOUN
taxlaw-8367	292	31	on	on	ADP
taxlaw-8367	292	32	the	the	DET
taxlaw-8367	292	33	value	value	NOUN
taxlaw-8367	292	34	of	of	ADP
taxlaw-8367	292	35	the	the	DET
taxlaw-8367	292	36	repayment	repayment	NOUN
taxlaw-8367	292	37	obligation	obligation	NOUN
taxlaw-8367	292	38	while	while	SCONJ
taxlaw-8367	292	39	the	the	DET
taxlaw-8367	292	40	loan	loan	NOUN
taxlaw-8367	292	41	is	be	AUX
taxlaw-8367	292	42	outstanding	outstanding	ADJ
taxlaw-8367	292	43	.	.	PUNCT
taxlaw-8367	293	1	for	for	ADP
taxlaw-8367	293	2	example	example	NOUN
taxlaw-8367	293	3	,	,	PUNCT
taxlaw-8367	293	4	if	if	SCONJ
taxlaw-8367	293	5	the	the	DET
taxlaw-8367	293	6	loan	loan	NOUN
taxlaw-8367	293	7	is	be	AUX
taxlaw-8367	293	8	extended	extend	VERB
taxlaw-8367	293	9	at	at	ADP
taxlaw-8367	293	10	five	five	NUM
taxlaw-8367	293	11	percent	percent	NOUN
taxlaw-8367	293	12	and	and	CCONJ
taxlaw-8367	293	13	interest	interest	NOUN
taxlaw-8367	293	14	rates	rate	NOUN
taxlaw-8367	293	15	rise	rise	VERB
taxlaw-8367	293	16	,	,	PUNCT
taxlaw-8367	293	17	the	the	DET
taxlaw-8367	293	18	present	present	ADJ
taxlaw-8367	293	19	value	value	NOUN
taxlaw-8367	293	20	of	of	ADP
taxlaw-8367	293	21	the	the	DET
taxlaw-8367	293	22	repayment	repayment	NOUN
taxlaw-8367	293	23	obligation	obligation	NOUN
taxlaw-8367	293	24	drops	drop	NOUN
taxlaw-8367	293	25	,	,	PUNCT
taxlaw-8367	293	26	resulting	result	VERB
taxlaw-8367	293	27	in	in	ADP
taxlaw-8367	293	28	a	a	DET
taxlaw-8367	293	29	benefit	benefit	NOUN
taxlaw-8367	293	30	to	to	ADP
taxlaw-8367	293	31	the	the	DET
taxlaw-8367	293	32	borrower	borrower	NOUN
taxlaw-8367	293	33	and	and	CCONJ
taxlaw-8367	293	34	a	a	DET
taxlaw-8367	293	35	detriment	detriment	NOUN
taxlaw-8367	293	36	to	to	ADP
taxlaw-8367	293	37	the	the	DET
taxlaw-8367	293	38	lender	lender	NOUN
taxlaw-8367	293	39	compared	compare	VERB
taxlaw-8367	293	40	with	with	ADP
taxlaw-8367	293	41	what	what	PRON
taxlaw-8367	293	42	could	could	AUX
taxlaw-8367	293	43	be	be	AUX
taxlaw-8367	293	44	achieved	achieve	VERB
taxlaw-8367	293	45	under	under	ADP
taxlaw-8367	293	46	a	a	DET
taxlaw-8367	293	47	newly	newly	ADV
taxlaw-8367	293	48	negotiated	negotiate	VERB
taxlaw-8367	293	49	loan	loan	NOUN
taxlaw-8367	293	50	.	.	PUNCT
taxlaw-8367	294	1	under	under	ADP
taxlaw-8367	294	2	the	the	DET
taxlaw-8367	294	3	realization	realization	NOUN
taxlaw-8367	294	4	rule	rule	NOUN
taxlaw-8367	294	5	,	,	PUNCT
taxlaw-8367	294	6	neither	neither	CCONJ
taxlaw-8367	294	7	the	the	DET
taxlaw-8367	294	8	borrower	borrower	NOUN
taxlaw-8367	294	9	’s	’s	PART
taxlaw-8367	294	10	relief	relief	NOUN
taxlaw-8367	294	11	nor	nor	CCONJ
taxlaw-8367	294	12	the	the	DET
taxlaw-8367	294	13	lender	lender	NOUN
taxlaw-8367	294	14	’s	’s	PART
taxlaw-8367	294	15	loss	loss	NOUN
taxlaw-8367	294	16	is	be	AUX
taxlaw-8367	294	17	taken	take	VERB
taxlaw-8367	294	18	into	into	ADP
taxlaw-8367	294	19	account	account	NOUN
taxlaw-8367	294	20	unless	unless	SCONJ
taxlaw-8367	294	21	the	the	DET
taxlaw-8367	294	22	loan	loan	NOUN
taxlaw-8367	294	23	is	be	AUX
taxlaw-8367	294	24	settled	settle	VERB
taxlaw-8367	294	25	(	(	PUNCT
taxlaw-8367	294	26	or	or	CCONJ
taxlaw-8367	294	27	disposed	dispose	VERB
taxlaw-8367	294	28	of	of	ADP
taxlaw-8367	294	29	)	)	PUNCT
taxlaw-8367	294	30	during	during	ADP
taxlaw-8367	294	31	the	the	DET
taxlaw-8367	294	32	period	period	NOUN
taxlaw-8367	294	33	.	.	PUNCT
taxlaw-8367	295	1	60	60	NUM
taxlaw-8367	295	2	although	although	SCONJ
taxlaw-8367	295	3	not	not	PART
taxlaw-8367	295	4	decisive	decisive	ADJ
taxlaw-8367	295	5	,	,	PUNCT
taxlaw-8367	295	6	it	it	PRON
taxlaw-8367	295	7	is	be	AUX
taxlaw-8367	295	8	worth	worth	ADJ
taxlaw-8367	295	9	noting	note	VERB
taxlaw-8367	295	10	that	that	SCONJ
taxlaw-8367	295	11	the	the	DET
taxlaw-8367	295	12	length	length	NOUN
taxlaw-8367	295	13	of	of	ADP
taxlaw-8367	295	14	the	the	DET
taxlaw-8367	295	15	taxable	taxable	ADJ
taxlaw-8367	295	16	period	period	NOUN
taxlaw-8367	295	17	is	be	AUX
taxlaw-8367	295	18	obviously	obviously	ADV
taxlaw-8367	295	19	a	a	DET
taxlaw-8367	295	20	matter	matter	NOUN
taxlaw-8367	295	21	of	of	ADP
taxlaw-8367	295	22	convention	convention	NOUN
taxlaw-8367	295	23	that	that	PRON
taxlaw-8367	295	24	,	,	PUNCT
taxlaw-8367	295	25	in	in	ADP
taxlaw-8367	295	26	dodge	dodge	PROPN
taxlaw-8367	295	27	’s	’s	PART
taxlaw-8367	295	28	view	view	NOUN
taxlaw-8367	295	29	,	,	PUNCT
taxlaw-8367	295	30	has	have	VERB
taxlaw-8367	295	31	particularly	particularly	ADV
taxlaw-8367	295	32	significant	significant	ADJ
taxlaw-8367	295	33	consequences	consequence	NOUN
taxlaw-8367	295	34	.	.	PUNCT
taxlaw-8367	296	1	if	if	SCONJ
taxlaw-8367	296	2	the	the	DET
taxlaw-8367	296	3	period	period	NOUN
taxlaw-8367	296	4	is	be	AUX
taxlaw-8367	296	5	one	one	NUM
taxlaw-8367	296	6	year	year	NOUN
taxlaw-8367	296	7	,	,	PUNCT
taxlaw-8367	296	8	loan	loan	NOUN
taxlaw-8367	296	9	proceeds	proceed	NOUN
taxlaw-8367	296	10	scheduled	schedule	VERB
taxlaw-8367	296	11	for	for	ADP
taxlaw-8367	296	12	repayment	repayment	NOUN
taxlaw-8367	296	13	in	in	ADP
taxlaw-8367	296	14	two	two	NUM
taxlaw-8367	296	15	years	year	NOUN
taxlaw-8367	296	16	would	would	AUX
taxlaw-8367	296	17	be	be	AUX
taxlaw-8367	296	18	taxable	taxable	ADJ
taxlaw-8367	296	19	,	,	PUNCT
taxlaw-8367	296	20	but	but	CCONJ
taxlaw-8367	296	21	if	if	SCONJ
taxlaw-8367	296	22	it	it	PRON
taxlaw-8367	296	23	’s	’	VERB
taxlaw-8367	296	24	ten	ten	NUM
taxlaw-8367	296	25	years	year	NOUN
taxlaw-8367	296	26	,	,	PUNCT
taxlaw-8367	296	27	they	they	PRON
taxlaw-8367	296	28	would	would	AUX
taxlaw-8367	296	29	not	not	PART
taxlaw-8367	296	30	.	.	PUNCT
taxlaw-8367	297	1	61	61	NUM
taxlaw-8367	297	2	dodge	dodge	NOUN
taxlaw-8367	297	3	is	be	AUX
taxlaw-8367	297	4	an	an	DET
taxlaw-8367	297	5	exception	exception	NOUN
taxlaw-8367	297	6	.	.	PUNCT
taxlaw-8367	298	1	in	in	ADP
taxlaw-8367	298	2	his	his	PRON
taxlaw-8367	298	3	view	view	NOUN
taxlaw-8367	298	4	,	,	PUNCT
taxlaw-8367	298	5	what	what	PRON
taxlaw-8367	298	6	requires	require	VERB
taxlaw-8367	298	7	inclusion	inclusion	NOUN
taxlaw-8367	298	8	for	for	ADP
taxlaw-8367	298	9	the	the	DET
taxlaw-8367	298	10	borrower	borrower	NOUN
taxlaw-8367	298	11	is	be	AUX
taxlaw-8367	298	12	the	the	DET
taxlaw-8367	298	13	realization	realization	NOUN
taxlaw-8367	298	14	rule	rule	NOUN
taxlaw-8367	298	15	,	,	PUNCT
taxlaw-8367	298	16	which	which	PRON
taxlaw-8367	298	17	in	in	ADP
taxlaw-8367	298	18	his	his	PRON
taxlaw-8367	298	19	view	view	NOUN
taxlaw-8367	298	20	precludes	preclude	VERB
taxlaw-8367	298	21	recognition	recognition	NOUN
taxlaw-8367	298	22	of	of	ADP
taxlaw-8367	298	23	the	the	DET
taxlaw-8367	298	24	obligation	obligation	NOUN
taxlaw-8367	298	25	to	to	PART
taxlaw-8367	298	26	repay	repay	VERB
taxlaw-8367	298	27	until	until	ADP
taxlaw-8367	298	28	the	the	DET
taxlaw-8367	298	29	period	period	NOUN
taxlaw-8367	298	30	in	in	ADP
taxlaw-8367	298	31	which	which	PRON
taxlaw-8367	298	32	the	the	DET
taxlaw-8367	298	33	repayment	repayment	NOUN
taxlaw-8367	298	34	occurs	occur	VERB
taxlaw-8367	298	35	.	.	PUNCT
taxlaw-8367	299	1	on	on	ADP
taxlaw-8367	299	2	the	the	DET
taxlaw-8367	299	3	lender	lender	NOUN
taxlaw-8367	299	4	side	side	NOUN
taxlaw-8367	299	5	,	,	PUNCT
taxlaw-8367	299	6	the	the	DET
taxlaw-8367	299	7	realization	realization	NOUN
taxlaw-8367	299	8	of	of	ADP
taxlaw-8367	299	9	the	the	DET
taxlaw-8367	299	10	benefit	benefit	NOUN
taxlaw-8367	299	11	of	of	ADP
taxlaw-8367	299	12	extending	extend	VERB
taxlaw-8367	299	13	the	the	DET
taxlaw-8367	299	14	loan	loan	NOUN
taxlaw-8367	299	15	—	—	PUNCT
taxlaw-8367	299	16	namely	namely	ADV
taxlaw-8367	299	17	,	,	PUNCT
taxlaw-8367	299	18	receipt	receipt	NOUN
taxlaw-8367	299	19	of	of	ADP
taxlaw-8367	299	20	the	the	DET
taxlaw-8367	299	21	borrower	borrower	NOUN
taxlaw-8367	299	22	’s	’s	PART
taxlaw-8367	299	23	note	note	NOUN
taxlaw-8367	299	24	—	—	PUNCT
taxlaw-8367	299	25	occurs	occur	VERB
taxlaw-8367	299	26	when	when	SCONJ
taxlaw-8367	299	27	the	the	DET
taxlaw-8367	299	28	loan	loan	NOUN
taxlaw-8367	299	29	is	be	AUX
taxlaw-8367	299	30	made	make	VERB
taxlaw-8367	299	31	so	so	SCONJ
taxlaw-8367	299	32	that	that	SCONJ
taxlaw-8367	299	33	the	the	DET
taxlaw-8367	299	34	borrower	borrower	NOUN
taxlaw-8367	299	35	should	should	AUX
taxlaw-8367	299	36	continue	continue	VERB
taxlaw-8367	299	37	to	to	PART
taxlaw-8367	299	38	be	be	AUX
taxlaw-8367	299	39	treated	treat	VERB
taxlaw-8367	299	40	as	as	ADP
taxlaw-8367	299	41	under	under	ADP
taxlaw-8367	299	42	current	current	ADJ
taxlaw-8367	299	43	law	law	NOUN
taxlaw-8367	299	44	:	:	PUNCT
taxlaw-8367	299	45	no	no	DET
taxlaw-8367	299	46	deduction	deduction	NOUN
taxlaw-8367	299	47	on	on	ADP
taxlaw-8367	299	48	extension	extension	NOUN
taxlaw-8367	299	49	and	and	CCONJ
taxlaw-8367	299	50	no	no	DET
taxlaw-8367	299	51	inclusion	inclusion	NOUN
taxlaw-8367	299	52	on	on	ADP
taxlaw-8367	299	53	repayment	repayment	NOUN
taxlaw-8367	299	54	.	.	PUNCT
taxlaw-8367	300	1	see	see	VERB
taxlaw-8367	300	2	dodge	dodge	PROPN
taxlaw-8367	300	3	,	,	PUNCT
taxlaw-8367	300	4	supra	supra	PROPN
taxlaw-8367	300	5	note	note	NOUN
taxlaw-8367	300	6	1	1	NUM
taxlaw-8367	300	7	,	,	PUNCT
taxlaw-8367	300	8	at	at	ADP
taxlaw-8367	300	9	258	258	NUM
taxlaw-8367	300	10	-	-	SYM
taxlaw-8367	300	11	59	59	NUM
taxlaw-8367	300	12	.	.	PUNCT
taxlaw-8367	300	13	62	62	NUM
taxlaw-8367	300	14	e.g.	e.g.	ADV
taxlaw-8367	300	15	,	,	PUNCT
taxlaw-8367	300	16	comm’r	comm’r	NOUN
taxlaw-8367	300	17	v.	v.	ADP
taxlaw-8367	300	18	tufts	tuft	NOUN
taxlaw-8367	300	19	,	,	PUNCT
taxlaw-8367	300	20	461	461	NUM
taxlaw-8367	300	21	u.s	u.s	PROPN
taxlaw-8367	300	22	.	.	PROPN
taxlaw-8367	300	23	300	300	NUM
taxlaw-8367	300	24	,	,	PUNCT
taxlaw-8367	300	25	307	307	NUM
taxlaw-8367	300	26	-	-	SYM
taxlaw-8367	300	27	08	08	NUM
taxlaw-8367	300	28	(	(	PUNCT
taxlaw-8367	300	29	1983	1983	NUM
taxlaw-8367	300	30	)	)	PUNCT
taxlaw-8367	300	31	(	(	PUNCT
taxlaw-8367	300	32	“	"	PUNCT
taxlaw-8367	300	33	because	because	SCONJ
taxlaw-8367	300	34	of	of	ADP
taxlaw-8367	300	35	the	the	DET
taxlaw-8367	300	36	obligation	obligation	NOUN
taxlaw-8367	300	37	to	to	PART
taxlaw-8367	300	38	repay	repay	VERB
taxlaw-8367	300	39	,	,	PUNCT
taxlaw-8367	300	40	the	the	DET
taxlaw-8367	300	41	taxpayer	taxpayer	NOUN
taxlaw-8367	300	42	is	be	AUX
taxlaw-8367	300	43	entitled	entitle	VERB
taxlaw-8367	300	44	to	to	PART
taxlaw-8367	300	45	include	include	VERB
taxlaw-8367	300	46	the	the	DET
taxlaw-8367	300	47	amount	amount	NOUN
taxlaw-8367	300	48	of	of	ADP
taxlaw-8367	300	49	the	the	DET
taxlaw-8367	300	50	loan	loan	NOUN
taxlaw-8367	300	51	in	in	ADP
taxlaw-8367	300	52	computing	compute	VERB
taxlaw-8367	300	53	his	his	PRON
taxlaw-8367	300	54	basis	basis	NOUN
taxlaw-8367	300	55	in	in	ADP
taxlaw-8367	300	56	the	the	DET
taxlaw-8367	300	57	property	property	NOUN
taxlaw-8367	300	58	;	;	PUNCT
taxlaw-8367	300	59	the	the	DET
taxlaw-8367	300	60	loan	loan	NOUN
taxlaw-8367	300	61	,	,	PUNCT
taxlaw-8367	300	62	under	under	ADP
taxlaw-8367	300	63	§	§	PROPN
taxlaw-8367	300	64	1012	1012	NUM
taxlaw-8367	300	65	,	,	PUNCT
taxlaw-8367	300	66	is	be	AUX
taxlaw-8367	300	67	part	part	NOUN
taxlaw-8367	300	68	of	of	ADP
taxlaw-8367	300	69	the	the	DET
taxlaw-8367	300	70	taxpayer	taxpayer	NOUN
taxlaw-8367	300	71	's	's	PART
taxlaw-8367	300	72	cost	cost	NOUN
taxlaw-8367	300	73	of	of	ADP
taxlaw-8367	300	74	the	the	DET
taxlaw-8367	300	75	property	property	NOUN
taxlaw-8367	300	76	.	.	PUNCT
taxlaw-8367	300	77	”	"	PUNCT
taxlaw-8367	300	78	)	)	PUNCT
taxlaw-8367	300	79	;	;	PUNCT
taxlaw-8367	300	80	mcmahon	mcmahon	PROPN
taxlaw-8367	300	81	&	&	CCONJ
taxlaw-8367	300	82	simmons	simmons	PROPN
taxlaw-8367	300	83	,	,	PUNCT
taxlaw-8367	300	84	supra	supra	PROPN
taxlaw-8367	300	85	note	note	NOUN
taxlaw-8367	300	86	1	1	NUM
taxlaw-8367	300	87	,	,	PUNCT
taxlaw-8367	300	88	at	at	ADP
taxlaw-8367	300	89	418	418	NUM
taxlaw-8367	300	90	(	(	PUNCT
taxlaw-8367	300	91	“	"	PUNCT
taxlaw-8367	300	92	if	if	SCONJ
taxlaw-8367	300	93	borrowed	borrow	VERB
taxlaw-8367	300	94	money	money	NOUN
taxlaw-8367	300	95	is	be	AUX
taxlaw-8367	300	96	used	use	VERB
taxlaw-8367	300	97	to	to	PART
taxlaw-8367	300	98	acquire	acquire	VERB
taxlaw-8367	300	99	property	property	NOUN
taxlaw-8367	300	100	,	,	PUNCT
taxlaw-8367	300	101	the	the	DET
taxlaw-8367	300	102	taxpayer	taxpayer	NOUN
taxlaw-8367	300	103	's	's	PART
taxlaw-8367	300	104	basis	basis	NOUN
taxlaw-8367	300	105	in	in	ADP
taxlaw-8367	300	106	the	the	DET
taxlaw-8367	300	107	property	property	NOUN
taxlaw-8367	300	108	under	under	ADP
taxlaw-8367	300	109	section	section	NOUN
taxlaw-8367	300	110	1012	1012	NUM
taxlaw-8367	300	111	is	be	AUX
taxlaw-8367	300	112	the	the	DET
taxlaw-8367	300	113	full	full	ADJ
taxlaw-8367	300	114	purchase	purchase	NOUN
taxlaw-8367	300	115	price	price	NOUN
taxlaw-8367	300	116	,	,	PUNCT
taxlaw-8367	300	117	including	include	VERB
taxlaw-8367	300	118	the	the	DET
taxlaw-8367	300	119	borrowed	borrow	VERB
taxlaw-8367	300	120	funds	fund	NOUN
taxlaw-8367	300	121	applied	apply	VERB
taxlaw-8367	300	122	to	to	ADP
taxlaw-8367	300	123	the	the	DET
taxlaw-8367	300	124	purchase	purchase	NOUN
taxlaw-8367	300	125	price	price	NOUN
taxlaw-8367	300	126	.	.	PUNCT
taxlaw-8367	301	1	the	the	DET
taxlaw-8367	301	2	repayment	repayment	NOUN
taxlaw-8367	301	3	of	of	ADP
taxlaw-8367	301	4	the	the	DET
taxlaw-8367	301	5	borrowed	borrow	VERB
taxlaw-8367	301	6	funds	fund	NOUN
taxlaw-8367	301	7	is	be	AUX
taxlaw-8367	301	8	a	a	DET
taxlaw-8367	301	9	100	100	NUM
taxlaw-8367	301	10	columbia	columbia	PROPN
taxlaw-8367	301	11	journal	journal	PROPN
taxlaw-8367	301	12	of	of	ADP
taxlaw-8367	301	13	tax	tax	NOUN
taxlaw-8367	301	14	law	law	NOUN
taxlaw-8367	301	15	[	[	X
taxlaw-8367	301	16	vol	vol	NOUN
taxlaw-8367	301	17	.	.	PUNCT
taxlaw-8367	302	1	12:89	12:89	NUM
taxlaw-8367	302	2	receipt	receipt	NOUN
taxlaw-8367	302	3	of	of	ADP
taxlaw-8367	302	4	loan	loan	NOUN
taxlaw-8367	302	5	proceeds	proceed	NOUN
taxlaw-8367	302	6	on	on	ADP
taxlaw-8367	302	7	the	the	DET
taxlaw-8367	302	8	basis	basis	NOUN
taxlaw-8367	302	9	of	of	ADP
taxlaw-8367	302	10	policy	policy	NOUN
taxlaw-8367	302	11	reasons	reason	NOUN
taxlaw-8367	302	12	(	(	PUNCT
taxlaw-8367	302	13	rather	rather	ADV
taxlaw-8367	302	14	than	than	ADP
taxlaw-8367	302	15	whether	whether	SCONJ
taxlaw-8367	302	16	the	the	DET
taxlaw-8367	302	17	proceeds	proceed	NOUN
taxlaw-8367	302	18	are	be	AUX
taxlaw-8367	302	19	income	income	NOUN
taxlaw-8367	302	20	in	in	ADP
taxlaw-8367	302	21	a	a	DET
taxlaw-8367	302	22	pure	pure	ADJ
taxlaw-8367	302	23	sense	sense	NOUN
taxlaw-8367	302	24	)	)	PUNCT
taxlaw-8367	302	25	but	but	CCONJ
taxlaw-8367	302	26	remain	remain	VERB
taxlaw-8367	302	27	unconvinced	unconvinced	ADJ
taxlaw-8367	302	28	that	that	SCONJ
taxlaw-8367	302	29	full	full	ADJ
taxlaw-8367	302	30	basis	basis	NOUN
taxlaw-8367	302	31	credit	credit	NOUN
taxlaw-8367	302	32	to	to	ADP
taxlaw-8367	302	33	the	the	DET
taxlaw-8367	302	34	proceeds	proceed	NOUN
taxlaw-8367	302	35	should	should	AUX
taxlaw-8367	302	36	also	also	ADV
taxlaw-8367	302	37	attach	attach	VERB
taxlaw-8367	302	38	.	.	PUNCT
taxlaw-8367	303	1	they	they	PRON
taxlaw-8367	303	2	believe	believe	VERB
taxlaw-8367	303	3	that	that	SCONJ
taxlaw-8367	303	4	if	if	SCONJ
taxlaw-8367	303	5	the	the	DET
taxlaw-8367	303	6	receipt	receipt	NOUN
taxlaw-8367	303	7	of	of	ADP
taxlaw-8367	303	8	loan	loan	NOUN
taxlaw-8367	303	9	proceeds	proceed	NOUN
taxlaw-8367	303	10	is	be	AUX
taxlaw-8367	303	11	not	not	PART
taxlaw-8367	303	12	taxable	taxable	ADJ
taxlaw-8367	303	13	,	,	PUNCT
taxlaw-8367	303	14	the	the	DET
taxlaw-8367	303	15	basis	basis	NOUN
taxlaw-8367	303	16	in	in	ADP
taxlaw-8367	303	17	the	the	DET
taxlaw-8367	303	18	proceeds	proceed	NOUN
taxlaw-8367	303	19	should	should	AUX
taxlaw-8367	303	20	be	be	AUX
taxlaw-8367	303	21	zero	zero	NUM
taxlaw-8367	303	22	or	or	CCONJ
taxlaw-8367	303	23	,	,	PUNCT
taxlaw-8367	303	24	perhaps	perhaps	ADV
taxlaw-8367	303	25	,	,	PUNCT
taxlaw-8367	303	26	at	at	ADP
taxlaw-8367	303	27	least	least	ADJ
taxlaw-8367	303	28	not	not	PART
taxlaw-8367	303	29	equal	equal	ADJ
taxlaw-8367	303	30	to	to	ADP
taxlaw-8367	303	31	their	their	PRON
taxlaw-8367	303	32	face	face	NOUN
taxlaw-8367	303	33	amount	amount	NOUN
taxlaw-8367	303	34	,	,	PUNCT
taxlaw-8367	303	35	because	because	SCONJ
taxlaw-8367	303	36	the	the	DET
taxlaw-8367	303	37	nontaxation	nontaxation	NOUN
taxlaw-8367	303	38	of	of	ADP
taxlaw-8367	303	39	the	the	DET
taxlaw-8367	303	40	received	receive	VERB
taxlaw-8367	303	41	loan	loan	NOUN
taxlaw-8367	303	42	proceeds	proceed	NOUN
taxlaw-8367	303	43	represents	represent	VERB
taxlaw-8367	303	44	an	an	DET
taxlaw-8367	303	45	override	override	NOUN
taxlaw-8367	303	46	to	to	PART
taxlaw-8367	303	47	income	income	NOUN
taxlaw-8367	303	48	tax	tax	NOUN
taxlaw-8367	303	49	principles	principle	NOUN
taxlaw-8367	303	50	under	under	ADP
taxlaw-8367	303	51	which	which	PRON
taxlaw-8367	303	52	basis	basis	NOUN
taxlaw-8367	303	53	credit	credit	NOUN
taxlaw-8367	303	54	requires	require	VERB
taxlaw-8367	303	55	a	a	DET
taxlaw-8367	303	56	taxable	taxable	ADJ
taxlaw-8367	303	57	outlay	outlay	NOUN
taxlaw-8367	303	58	.	.	PUNCT
taxlaw-8367	304	1	the	the	DET
taxlaw-8367	304	2	general	general	ADJ
taxlaw-8367	304	3	rule	rule	NOUN
taxlaw-8367	304	4	for	for	ADP
taxlaw-8367	304	5	basis	basis	NOUN
taxlaw-8367	304	6	provides	provide	VERB
taxlaw-8367	304	7	that	that	SCONJ
taxlaw-8367	304	8	it	it	PRON
taxlaw-8367	304	9	is	be	AUX
taxlaw-8367	304	10	equal	equal	ADJ
taxlaw-8367	304	11	to	to	ADP
taxlaw-8367	304	12	“	"	PUNCT
taxlaw-8367	304	13	cost	cost	NOUN
taxlaw-8367	304	14	.	.	PUNCT
taxlaw-8367	305	1	”63	”63	NOUN
taxlaw-8367	305	2	cost	cost	NOUN
taxlaw-8367	305	3	,	,	PUNCT
taxlaw-8367	305	4	in	in	ADP
taxlaw-8367	305	5	turn	turn	NOUN
taxlaw-8367	305	6	,	,	PUNCT
taxlaw-8367	305	7	is	be	AUX
taxlaw-8367	305	8	understood	understand	VERB
taxlaw-8367	305	9	to	to	PART
taxlaw-8367	305	10	reflect	reflect	VERB
taxlaw-8367	305	11	the	the	DET
taxlaw-8367	305	12	amount	amount	NOUN
taxlaw-8367	305	13	of	of	ADP
taxlaw-8367	305	14	after	after	ADP
taxlaw-8367	305	15	-	-	PUNCT
taxlaw-8367	305	16	tax	tax	NOUN
taxlaw-8367	305	17	investment	investment	NOUN
taxlaw-8367	305	18	that	that	PRON
taxlaw-8367	305	19	the	the	DET
taxlaw-8367	305	20	purchaser	purchaser	NOUN
taxlaw-8367	305	21	makes	make	VERB
taxlaw-8367	305	22	in	in	ADP
taxlaw-8367	305	23	the	the	DET
taxlaw-8367	305	24	property.64	property.64	NOUN
taxlaw-8367	305	25	in	in	ADP
taxlaw-8367	305	26	an	an	DET
taxlaw-8367	305	27	ordinary	ordinary	ADJ
taxlaw-8367	305	28	taxable	taxable	ADJ
taxlaw-8367	305	29	transaction	transaction	NOUN
taxlaw-8367	305	30	,	,	PUNCT
taxlaw-8367	305	31	after	after	ADP
taxlaw-8367	305	32	-	-	PUNCT
taxlaw-8367	305	33	tax	tax	NOUN
taxlaw-8367	305	34	investment	investment	NOUN
taxlaw-8367	305	35	will	will	AUX
taxlaw-8367	305	36	usually	usually	ADV
taxlaw-8367	305	37	be	be	AUX
taxlaw-8367	305	38	fair	fair	ADJ
taxlaw-8367	305	39	market	market	NOUN
taxlaw-8367	305	40	value	value	NOUN
taxlaw-8367	305	41	regardless	regardless	ADV
taxlaw-8367	305	42	of	of	ADP
taxlaw-8367	305	43	whether	whether	SCONJ
taxlaw-8367	305	44	the	the	DET
taxlaw-8367	305	45	purchaser	purchaser	NOUN
taxlaw-8367	305	46	finances	finance	VERB
taxlaw-8367	305	47	the	the	DET
taxlaw-8367	305	48	acquisition	acquisition	NOUN
taxlaw-8367	305	49	with	with	ADP
taxlaw-8367	305	50	cash	cash	NOUN
taxlaw-8367	305	51	or	or	CCONJ
taxlaw-8367	305	52	property.65	property.65	NOUN
taxlaw-8367	305	53	suppose	suppose	VERB
taxlaw-8367	305	54	purchaser	purchaser	NOUN
taxlaw-8367	305	55	pays	pay	VERB
taxlaw-8367	305	56	$	$	SYM
taxlaw-8367	305	57	1,000	1,000	NUM
taxlaw-8367	305	58	cash	cash	NOUN
taxlaw-8367	305	59	for	for	ADP
taxlaw-8367	305	60	asset	asset	NOUN
taxlaw-8367	305	61	,	,	PUNCT
taxlaw-8367	305	62	which	which	PRON
taxlaw-8367	305	63	is	be	AUX
taxlaw-8367	305	64	worth	worth	ADJ
taxlaw-8367	305	65	$	$	SYM
taxlaw-8367	305	66	1,000	1,000	NUM
taxlaw-8367	305	67	(	(	PUNCT
taxlaw-8367	305	68	if	if	SCONJ
taxlaw-8367	305	69	asset	asset	NOUN
taxlaw-8367	305	70	is	be	AUX
taxlaw-8367	305	71	worth	worth	ADJ
taxlaw-8367	305	72	a	a	DET
taxlaw-8367	305	73	different	different	ADJ
taxlaw-8367	305	74	amount	amount	NOUN
taxlaw-8367	305	75	,	,	PUNCT
taxlaw-8367	305	76	the	the	DET
taxlaw-8367	305	77	parties	party	NOUN
taxlaw-8367	305	78	are	be	AUX
taxlaw-8367	305	79	not	not	PART
taxlaw-8367	305	80	dealing	deal	VERB
taxlaw-8367	305	81	at	at	ADP
taxlaw-8367	305	82	arm	arm	NOUN
taxlaw-8367	305	83	’s	’s	PART
taxlaw-8367	305	84	length	length	NOUN
taxlaw-8367	305	85	or	or	CCONJ
taxlaw-8367	305	86	there	there	PRON
taxlaw-8367	305	87	is	be	VERB
taxlaw-8367	305	88	some	some	DET
taxlaw-8367	305	89	other	other	ADJ
taxlaw-8367	305	90	feature	feature	NOUN
taxlaw-8367	305	91	of	of	ADP
taxlaw-8367	305	92	the	the	DET
taxlaw-8367	305	93	transaction	transaction	NOUN
taxlaw-8367	305	94	besides	besides	SCONJ
taxlaw-8367	305	95	a	a	DET
taxlaw-8367	305	96	property	property	NOUN
taxlaw-8367	305	97	sale	sale	NOUN
taxlaw-8367	305	98	)	)	PUNCT
taxlaw-8367	305	99	.	.	PUNCT
taxlaw-8367	306	1	except	except	SCONJ
taxlaw-8367	306	2	in	in	ADP
taxlaw-8367	306	3	unusual	unusual	ADJ
taxlaw-8367	306	4	cases,66	cases,66	NOUN
taxlaw-8367	306	5	the	the	DET
taxlaw-8367	306	6	cash	cash	NOUN
taxlaw-8367	306	7	will	will	AUX
taxlaw-8367	306	8	have	have	AUX
taxlaw-8367	306	9	been	be	AUX
taxlaw-8367	306	10	taxed	tax	VERB
taxlaw-8367	306	11	already	already	ADV
taxlaw-8367	306	12	so	so	SCONJ
taxlaw-8367	306	13	that	that	SCONJ
taxlaw-8367	306	14	purchaser	purchaser	NOUN
taxlaw-8367	306	15	’s	’s	PART
taxlaw-8367	306	16	basis	basis	NOUN
taxlaw-8367	306	17	in	in	ADP
taxlaw-8367	306	18	asset	asset	NOUN
taxlaw-8367	306	19	is	be	AUX
taxlaw-8367	306	20	the	the	DET
taxlaw-8367	306	21	purchase	purchase	NOUN
taxlaw-8367	306	22	price	price	NOUN
taxlaw-8367	306	23	or	or	CCONJ
taxlaw-8367	306	24	its	its	PRON
taxlaw-8367	306	25	$	$	SYM
taxlaw-8367	306	26	1,000	1,000	NUM
taxlaw-8367	306	27	cost	cost	NOUN
taxlaw-8367	306	28	(	(	PUNCT
taxlaw-8367	306	29	in	in	ADP
taxlaw-8367	306	30	those	those	DET
taxlaw-8367	306	31	few	few	ADJ
taxlaw-8367	306	32	cases	case	NOUN
taxlaw-8367	306	33	in	in	ADP
taxlaw-8367	306	34	which	which	PRON
taxlaw-8367	306	35	the	the	DET
taxlaw-8367	306	36	cash	cash	NOUN
taxlaw-8367	306	37	has	have	AUX
taxlaw-8367	306	38	not	not	PART
taxlaw-8367	306	39	been	be	AUX
taxlaw-8367	306	40	taxed	tax	VERB
taxlaw-8367	306	41	,	,	PUNCT
taxlaw-8367	306	42	basis	basis	NOUN
taxlaw-8367	306	43	in	in	ADP
taxlaw-8367	306	44	the	the	DET
taxlaw-8367	306	45	purchased	purchase	VERB
taxlaw-8367	306	46	assets	asset	NOUN
taxlaw-8367	306	47	is	be	AUX
taxlaw-8367	306	48	generally	generally	ADV
taxlaw-8367	306	49	disallowed).67	disallowed).67	VERB
taxlaw-8367	306	50	similarly	similarly	ADV
taxlaw-8367	306	51	,	,	PUNCT
taxlaw-8367	306	52	if	if	SCONJ
taxlaw-8367	306	53	purchaser	purchaser	NOUN
taxlaw-8367	306	54	instead	instead	ADV
taxlaw-8367	306	55	exchanges	exchange	NOUN
taxlaw-8367	306	56	appreciated	appreciate	VERB
taxlaw-8367	306	57	property	property	NOUN
taxlaw-8367	306	58	for	for	ADP
taxlaw-8367	306	59	asset	asset	NOUN
taxlaw-8367	306	60	in	in	ADP
taxlaw-8367	306	61	a	a	DET
taxlaw-8367	306	62	taxable	taxable	ADJ
taxlaw-8367	306	63	transaction	transaction	NOUN
taxlaw-8367	306	64	,	,	PUNCT
taxlaw-8367	306	65	purchaser	purchaser	NOUN
taxlaw-8367	306	66	will	will	AUX
taxlaw-8367	306	67	recognize	recognize	VERB
taxlaw-8367	306	68	gain	gain	NOUN
taxlaw-8367	306	69	realized	realize	VERB
taxlaw-8367	306	70	on	on	ADP
taxlaw-8367	306	71	the	the	DET
taxlaw-8367	306	72	exchange	exchange	NOUN
taxlaw-8367	306	73	and	and	CCONJ
taxlaw-8367	306	74	consequently	consequently	ADV
taxlaw-8367	306	75	have	have	VERB
taxlaw-8367	306	76	the	the	DET
taxlaw-8367	306	77	same	same	ADJ
taxlaw-8367	306	78	basis	basis	NOUN
taxlaw-8367	306	79	as	as	ADP
taxlaw-8367	306	80	in	in	ADP
taxlaw-8367	306	81	a	a	DET
taxlaw-8367	306	82	cash	cash	NOUN
taxlaw-8367	306	83	purchase	purchase	NOUN
taxlaw-8367	306	84	.	.	PUNCT
taxlaw-8367	307	1	suppose	suppose	VERB
taxlaw-8367	307	2	purchaser	purchaser	NOUN
taxlaw-8367	307	3	acquires	acquire	VERB
taxlaw-8367	307	4	asset	asset	NOUN
taxlaw-8367	307	5	with	with	ADP
taxlaw-8367	307	6	x	x	PROPN
taxlaw-8367	307	7	co.	co.	PROPN
taxlaw-8367	307	8	stock	stock	NOUN
taxlaw-8367	307	9	,	,	PUNCT
taxlaw-8367	307	10	worth	worth	ADJ
taxlaw-8367	307	11	$	$	SYM
taxlaw-8367	307	12	1,000	1,000	NUM
taxlaw-8367	307	13	and	and	CCONJ
taxlaw-8367	307	14	in	in	ADP
taxlaw-8367	307	15	which	which	PRON
taxlaw-8367	307	16	purchaser	purchaser	NOUN
taxlaw-8367	307	17	’s	’s	PART
taxlaw-8367	307	18	basis	basis	NOUN
taxlaw-8367	307	19	is	be	AUX
taxlaw-8367	307	20	$	$	SYM
taxlaw-8367	307	21	700	700	NUM
taxlaw-8367	307	22	.	.	PUNCT
taxlaw-8367	308	1	purchaser	purchaser	NOUN
taxlaw-8367	308	2	recognizes	recognize	VERB
taxlaw-8367	308	3	$	$	SYM
taxlaw-8367	308	4	300	300	NUM
taxlaw-8367	308	5	of	of	ADP
taxlaw-8367	308	6	gain	gain	NOUN
taxlaw-8367	308	7	on	on	ADP
taxlaw-8367	308	8	the	the	DET
taxlaw-8367	308	9	exchange68	exchange68	NOUN
taxlaw-8367	308	10	and	and	CCONJ
taxlaw-8367	308	11	again	again	ADV
taxlaw-8367	308	12	takes	take	VERB
taxlaw-8367	308	13	a	a	DET
taxlaw-8367	308	14	$	$	SYM
taxlaw-8367	308	15	1,000	1,000	NUM
taxlaw-8367	308	16	basis	basis	NOUN
taxlaw-8367	308	17	in	in	ADP
taxlaw-8367	308	18	asset	asset	NOUN
taxlaw-8367	308	19	under	under	ADP
taxlaw-8367	308	20	section	section	NOUN
taxlaw-8367	308	21	1012	1012	NUM
taxlaw-8367	308	22	,	,	PUNCT
taxlaw-8367	308	23	reflecting	reflect	VERB
taxlaw-8367	308	24	the	the	DET
taxlaw-8367	308	25	$	$	SYM
taxlaw-8367	308	26	700	700	NUM
taxlaw-8367	308	27	of	of	ADP
taxlaw-8367	308	28	already	already	ADV
taxlaw-8367	308	29	-	-	PUNCT
taxlaw-8367	308	30	taxed	tax	VERB
taxlaw-8367	308	31	investment	investment	NOUN
taxlaw-8367	308	32	in	in	ADP
taxlaw-8367	308	33	x	x	PROPN
taxlaw-8367	308	34	co.	co.	PROPN
taxlaw-8367	308	35	stock	stock	NOUN
taxlaw-8367	308	36	and	and	CCONJ
taxlaw-8367	308	37	the	the	DET
taxlaw-8367	308	38	$	$	SYM
taxlaw-8367	308	39	300	300	NUM
taxlaw-8367	308	40	of	of	ADP
taxlaw-8367	308	41	gain	gain	NOUN
taxlaw-8367	308	42	that	that	PRON
taxlaw-8367	308	43	is	be	AUX
taxlaw-8367	308	44	taxed	tax	VERB
taxlaw-8367	308	45	on	on	ADP
taxlaw-8367	308	46	the	the	DET
taxlaw-8367	308	47	exchange	exchange	NOUN
taxlaw-8367	308	48	.	.	PUNCT
taxlaw-8367	309	1	by	by	ADP
taxlaw-8367	309	2	contrast	contrast	NOUN
taxlaw-8367	309	3	,	,	PUNCT
taxlaw-8367	309	4	in	in	ADP
taxlaw-8367	309	5	those	those	DET
taxlaw-8367	309	6	settings	setting	NOUN
taxlaw-8367	309	7	in	in	ADP
taxlaw-8367	309	8	which	which	PRON
taxlaw-8367	309	9	a	a	DET
taxlaw-8367	309	10	purchaser	purchaser	NOUN
taxlaw-8367	309	11	’s	’s	PART
taxlaw-8367	309	12	realized	realize	VERB
taxlaw-8367	309	13	gain	gain	NOUN
taxlaw-8367	309	14	or	or	CCONJ
taxlaw-8367	309	15	loss	loss	NOUN
taxlaw-8367	309	16	is	be	AUX
taxlaw-8367	309	17	not	not	PART
taxlaw-8367	309	18	recognized	recognize	VERB
taxlaw-8367	309	19	,	,	PUNCT
taxlaw-8367	309	20	basis	basis	NOUN
taxlaw-8367	309	21	ordinarily	ordinarily	ADV
taxlaw-8367	309	22	will	will	AUX
taxlaw-8367	309	23	not	not	PART
taxlaw-8367	309	24	be	be	AUX
taxlaw-8367	309	25	cost	cost	VERB
taxlaw-8367	309	26	but	but	CCONJ
taxlaw-8367	309	27	typically	typically	ADV
taxlaw-8367	309	28	the	the	DET
taxlaw-8367	309	29	basis	basis	NOUN
taxlaw-8367	309	30	that	that	SCONJ
taxlaw-8367	309	31	the	the	DET
taxlaw-8367	309	32	purchaser	purchaser	NOUN
taxlaw-8367	309	33	had	have	AUX
taxlaw-8367	309	34	in	in	ADP
taxlaw-8367	309	35	the	the	DET
taxlaw-8367	309	36	property	property	NOUN
taxlaw-8367	309	37	used	use	VERB
taxlaw-8367	309	38	to	to	PART
taxlaw-8367	309	39	acquire	acquire	VERB
taxlaw-8367	309	40	the	the	DET
taxlaw-8367	309	41	asset	asset	NOUN
taxlaw-8367	309	42	in	in	ADP
taxlaw-8367	309	43	question	question	NOUN
taxlaw-8367	309	44	.	.	PUNCT
taxlaw-8367	310	1	69	69	NUM
taxlaw-8367	311	1	the	the	DET
taxlaw-8367	311	2	basis	basis	NOUN
taxlaw-8367	311	3	rules	rule	NOUN
taxlaw-8367	311	4	for	for	ADP
taxlaw-8367	311	5	such	such	ADJ
taxlaw-8367	311	6	nonrecognition	nonrecognition	NOUN
taxlaw-8367	311	7	transactions	transaction	NOUN
taxlaw-8367	311	8	reflect	reflect	VERB
taxlaw-8367	311	9	the	the	DET
taxlaw-8367	311	10	idea	idea	NOUN
taxlaw-8367	311	11	that	that	SCONJ
taxlaw-8367	311	12	because	because	SCONJ
taxlaw-8367	311	13	unrecognized	unrecognized	ADJ
taxlaw-8367	311	14	gain	gain	NOUN
taxlaw-8367	311	15	or	or	CCONJ
taxlaw-8367	311	16	loss	loss	NOUN
taxlaw-8367	311	17	realized	realize	VERB
taxlaw-8367	311	18	in	in	ADP
taxlaw-8367	311	19	the	the	DET
taxlaw-8367	311	20	exchange	exchange	NOUN
taxlaw-8367	311	21	is	be	AUX
taxlaw-8367	311	22	,	,	PUNCT
taxlaw-8367	311	23	for	for	ADP
taxlaw-8367	311	24	policy	policy	NOUN
taxlaw-8367	311	25	reasons	reason	NOUN
taxlaw-8367	311	26	,	,	PUNCT
taxlaw-8367	311	27	deferred	defer	VERB
taxlaw-8367	311	28	rather	rather	ADV
taxlaw-8367	311	29	than	than	ADP
taxlaw-8367	311	30	excluded	exclude	VERB
taxlaw-8367	311	31	,	,	PUNCT
taxlaw-8367	311	32	the	the	DET
taxlaw-8367	311	33	pre	pre	ADJ
taxlaw-8367	311	34	-	-	ADJ
taxlaw-8367	311	35	transaction	transaction	ADJ
taxlaw-8367	311	36	basis	basis	NOUN
taxlaw-8367	311	37	must	must	AUX
taxlaw-8367	311	38	carry	carry	VERB
taxlaw-8367	311	39	over	over	ADP
taxlaw-8367	311	40	after	after	SCONJ
taxlaw-8367	311	41	the	the	DET
taxlaw-8367	311	42	transaction	transaction	NOUN
taxlaw-8367	311	43	to	to	PART
taxlaw-8367	311	44	ensure	ensure	VERB
taxlaw-8367	311	45	gain	gain	NOUN
taxlaw-8367	311	46	or	or	CCONJ
taxlaw-8367	311	47	loss	loss	NOUN
taxlaw-8367	311	48	recognition	recognition	NOUN
taxlaw-8367	311	49	in	in	ADP
taxlaw-8367	311	50	the	the	DET
taxlaw-8367	311	51	future	future	NOUN
taxlaw-8367	311	52	.	.	PUNCT
taxlaw-8367	312	1	prerequisite	prerequisite	NOUN
taxlaw-8367	312	2	to	to	ADP
taxlaw-8367	312	3	full	full	ADJ
taxlaw-8367	312	4	enjoyment	enjoyment	NOUN
taxlaw-8367	312	5	of	of	ADP
taxlaw-8367	312	6	ownership	ownership	NOUN
taxlaw-8367	312	7	and	and	CCONJ
taxlaw-8367	312	8	therefore	therefore	ADV
taxlaw-8367	312	9	represents	represent	VERB
taxlaw-8367	312	10	a	a	DET
taxlaw-8367	312	11	cost	cost	NOUN
taxlaw-8367	312	12	of	of	ADP
taxlaw-8367	312	13	the	the	DET
taxlaw-8367	312	14	property	property	NOUN
taxlaw-8367	312	15	.	.	PUNCT
taxlaw-8367	312	16	”	"	PUNCT
taxlaw-8367	312	17	)	)	PUNCT
taxlaw-8367	313	1	(	(	PUNCT
taxlaw-8367	313	2	citing	cite	VERB
taxlaw-8367	313	3	tufts	tuft	NOUN
taxlaw-8367	313	4	,	,	PUNCT
taxlaw-8367	313	5	461	461	NUM
taxlaw-8367	313	6	u.s	u.s	PROPN
taxlaw-8367	313	7	.	.	PROPN
taxlaw-8367	313	8	at	at	ADP
taxlaw-8367	313	9	307	307	NUM
taxlaw-8367	313	10	-	-	SYM
taxlaw-8367	313	11	08	08	NUM
taxlaw-8367	313	12	)	)	PUNCT
taxlaw-8367	313	13	(	(	PUNCT
taxlaw-8367	313	14	footnote	footnote	VERB
taxlaw-8367	313	15	omitted	omit	VERB
taxlaw-8367	313	16	)	)	PUNCT
taxlaw-8367	313	17	.	.	PUNCT
taxlaw-8367	314	1	63	63	NUM
taxlaw-8367	314	2	i.r.c	i.r.c	NOUN
taxlaw-8367	314	3	.	.	PUNCT
taxlaw-8367	315	1	§	§	PROPN
taxlaw-8367	315	2	1012	1012	NUM
taxlaw-8367	315	3	.	.	PUNCT
taxlaw-8367	316	1	64	64	NUM
taxlaw-8367	316	2	see	see	VERB
taxlaw-8367	316	3	bittker	bittker	NOUN
taxlaw-8367	316	4	&	&	CCONJ
taxlaw-8367	316	5	lokken	lokken	PROPN
taxlaw-8367	316	6	,	,	PUNCT
taxlaw-8367	316	7	supra	supra	PROPN
taxlaw-8367	316	8	note	note	NOUN
taxlaw-8367	316	9	3	3	NUM
taxlaw-8367	316	10	,	,	PUNCT
taxlaw-8367	316	11	at	at	ADP
taxlaw-8367	316	12	¶	¶	PROPN
taxlaw-8367	316	13	42.1	42.1	NUM
taxlaw-8367	316	14	.	.	PUNCT
taxlaw-8367	317	1	65	65	NUM
taxlaw-8367	317	2	see	see	VERB
taxlaw-8367	317	3	i.r.c	i.r.c	NOUN
taxlaw-8367	317	4	.	.	PUNCT
taxlaw-8367	318	1	§	§	PROPN
taxlaw-8367	318	2	61(a)(3	61(a)(3	NUM
taxlaw-8367	318	3	)	)	PUNCT
taxlaw-8367	318	4	.	.	PUNCT
taxlaw-8367	319	1	66	66	NUM
taxlaw-8367	319	2	two	two	NUM
taxlaw-8367	319	3	cases	case	NOUN
taxlaw-8367	319	4	include	include	VERB
taxlaw-8367	319	5	a	a	DET
taxlaw-8367	319	6	corporation	corporation	NOUN
taxlaw-8367	319	7	’s	’s	PART
taxlaw-8367	319	8	basis	basis	NOUN
taxlaw-8367	319	9	in	in	ADP
taxlaw-8367	319	10	certain	certain	ADJ
taxlaw-8367	319	11	assets	asset	NOUN
taxlaw-8367	319	12	purchased	purchase	VERB
taxlaw-8367	319	13	with	with	ADP
taxlaw-8367	319	14	nontaxable	nontaxable	ADJ
taxlaw-8367	319	15	contributions	contribution	NOUN
taxlaw-8367	319	16	to	to	ADP
taxlaw-8367	319	17	capital	capital	NOUN
taxlaw-8367	319	18	,	,	PUNCT
taxlaw-8367	319	19	see	see	VERB
taxlaw-8367	319	20	i.r.c	i.r.c	NOUN
taxlaw-8367	319	21	.	.	PUNCT
taxlaw-8367	320	1	§	§	PROPN
taxlaw-8367	320	2	362(c)(2	362(c)(2	NUM
taxlaw-8367	320	3	)	)	PUNCT
taxlaw-8367	320	4	,	,	PUNCT
taxlaw-8367	320	5	and	and	CCONJ
taxlaw-8367	320	6	,	,	PUNCT
taxlaw-8367	320	7	subject	subject	ADJ
taxlaw-8367	320	8	to	to	ADP
taxlaw-8367	320	9	an	an	DET
taxlaw-8367	320	10	election	election	NOUN
taxlaw-8367	320	11	,	,	PUNCT
taxlaw-8367	320	12	the	the	DET
taxlaw-8367	320	13	acquisition	acquisition	NOUN
taxlaw-8367	320	14	of	of	ADP
taxlaw-8367	320	15	property	property	NOUN
taxlaw-8367	320	16	that	that	PRON
taxlaw-8367	320	17	replaces	replace	VERB
taxlaw-8367	320	18	similar	similar	ADJ
taxlaw-8367	320	19	or	or	CCONJ
taxlaw-8367	320	20	related	related	ADJ
taxlaw-8367	320	21	property	property	NOUN
taxlaw-8367	320	22	destroyed	destroy	VERB
taxlaw-8367	320	23	in	in	ADP
taxlaw-8367	320	24	a	a	DET
taxlaw-8367	320	25	casualty	casualty	NOUN
taxlaw-8367	320	26	,	,	PUNCT
taxlaw-8367	320	27	see	see	VERB
taxlaw-8367	320	28	.	.	PUNCT
taxlaw-8367	321	1	i.r.c	i.r.c	PROPN
taxlaw-8367	321	2	.	.	PUNCT
taxlaw-8367	322	1	§	§	PROPN
taxlaw-8367	322	2	1033(a)(2	1033(a)(2	PROPN
taxlaw-8367	322	3	)	)	PUNCT
taxlaw-8367	322	4	.	.	PUNCT
taxlaw-8367	323	1	67	67	NUM
taxlaw-8367	323	2	see	see	VERB
taxlaw-8367	323	3	,	,	PUNCT
taxlaw-8367	323	4	e.g.	e.g.	ADV
taxlaw-8367	323	5	,	,	PUNCT
taxlaw-8367	323	6	i.r.c.§	i.r.c.§	ADJ
taxlaw-8367	323	7	362(c)(2	362(c)(2	NUM
taxlaw-8367	323	8	)	)	PUNCT
taxlaw-8367	323	9	(	(	PUNCT
taxlaw-8367	323	10	contributions	contribution	NOUN
taxlaw-8367	323	11	of	of	ADP
taxlaw-8367	323	12	money	money	NOUN
taxlaw-8367	323	13	to	to	ADP
taxlaw-8367	323	14	the	the	DET
taxlaw-8367	323	15	capital	capital	NOUN
taxlaw-8367	323	16	of	of	ADP
taxlaw-8367	323	17	a	a	DET
taxlaw-8367	323	18	corporation	corporation	NOUN
taxlaw-8367	323	19	by	by	ADP
taxlaw-8367	323	20	nonshareholders	nonshareholder	NOUN
taxlaw-8367	323	21	do	do	AUX
taxlaw-8367	323	22	not	not	PART
taxlaw-8367	323	23	generate	generate	VERB
taxlaw-8367	323	24	basis	basis	NOUN
taxlaw-8367	323	25	in	in	ADP
taxlaw-8367	323	26	property	property	NOUN
taxlaw-8367	323	27	purchased	purchase	VERB
taxlaw-8367	323	28	by	by	ADP
taxlaw-8367	323	29	the	the	DET
taxlaw-8367	323	30	corporation	corporation	NOUN
taxlaw-8367	323	31	with	with	ADP
taxlaw-8367	323	32	the	the	DET
taxlaw-8367	323	33	contribution	contribution	NOUN
taxlaw-8367	323	34	)	)	PUNCT
taxlaw-8367	323	35	;	;	PUNCT
taxlaw-8367	323	36	i.r.c	i.r.c	NOUN
taxlaw-8367	323	37	§	§	PROPN
taxlaw-8367	323	38	1033(b)(2	1033(b)(2	NUM
taxlaw-8367	323	39	)	)	PUNCT
taxlaw-8367	323	40	(	(	PUNCT
taxlaw-8367	323	41	basis	basis	NOUN
taxlaw-8367	323	42	in	in	ADP
taxlaw-8367	323	43	property	property	NOUN
taxlaw-8367	323	44	purchased	purchase	VERB
taxlaw-8367	323	45	that	that	PRON
taxlaw-8367	323	46	is	be	AUX
taxlaw-8367	323	47	similar	similar	ADJ
taxlaw-8367	323	48	to	to	ADP
taxlaw-8367	323	49	and	and	CCONJ
taxlaw-8367	323	50	replaces	replace	VERB
taxlaw-8367	323	51	involuntarily	involuntarily	ADV
taxlaw-8367	323	52	converted	convert	VERB
taxlaw-8367	323	53	property	property	NOUN
taxlaw-8367	323	54	is	be	AUX
taxlaw-8367	323	55	reduced	reduce	VERB
taxlaw-8367	323	56	by	by	ADP
taxlaw-8367	323	57	nontaxed	nontaxe	VERB
taxlaw-8367	323	58	portion	portion	NOUN
taxlaw-8367	323	59	of	of	ADP
taxlaw-8367	323	60	recovery	recovery	NOUN
taxlaw-8367	323	61	on	on	ADP
taxlaw-8367	323	62	the	the	DET
taxlaw-8367	323	63	conversion	conversion	NOUN
taxlaw-8367	323	64	)	)	PUNCT
taxlaw-8367	323	65	.	.	PUNCT
taxlaw-8367	324	1	68	68	NUM
taxlaw-8367	324	2	see	see	NOUN
taxlaw-8367	324	3	i.r.c	i.r.c	NOUN
taxlaw-8367	324	4	.	.	PUNCT
taxlaw-8367	325	1	§	§	PROPN
taxlaw-8367	325	2	1001(a	1001(a	PROPN
taxlaw-8367	325	3	)	)	PUNCT
taxlaw-8367	325	4	.	.	PUNCT
taxlaw-8367	326	1	69	69	NUM
taxlaw-8367	326	2	see	see	VERB
taxlaw-8367	326	3	,	,	PUNCT
taxlaw-8367	326	4	e.g.	e.g.	ADV
taxlaw-8367	326	5	,	,	PUNCT
taxlaw-8367	326	6	i.r.c	i.r.c	NOUN
taxlaw-8367	326	7	.	.	PUNCT
taxlaw-8367	327	1	§	§	PROPN
taxlaw-8367	327	2	358(a	358(a	PROPN
taxlaw-8367	327	3	)	)	PUNCT
taxlaw-8367	327	4	(	(	PUNCT
taxlaw-8367	327	5	transferor	transferor	NOUN
taxlaw-8367	327	6	’s	’s	PART
taxlaw-8367	327	7	basis	basis	NOUN
taxlaw-8367	327	8	in	in	ADP
taxlaw-8367	327	9	property	property	NOUN
taxlaw-8367	327	10	received	receive	VERB
taxlaw-8367	327	11	from	from	ADP
taxlaw-8367	327	12	corporation	corporation	NOUN
taxlaw-8367	327	13	in	in	ADP
taxlaw-8367	327	14	a	a	DET
taxlaw-8367	327	15	section	section	NOUN
taxlaw-8367	327	16	351(a	351(a	NUM
taxlaw-8367	327	17	)	)	PUNCT
taxlaw-8367	327	18	or	or	CCONJ
taxlaw-8367	327	19	section	section	NOUN
taxlaw-8367	327	20	354	354	NUM
taxlaw-8367	327	21	exchange	exchange	NOUN
taxlaw-8367	327	22	)	)	PUNCT
taxlaw-8367	327	23	;	;	PUNCT
taxlaw-8367	327	24	i.r.c	i.r.c	NOUN
taxlaw-8367	327	25	§	§	PROPN
taxlaw-8367	327	26	722	722	NUM
taxlaw-8367	327	27	(	(	PUNCT
taxlaw-8367	327	28	transferor	transferor	NOUN
taxlaw-8367	327	29	’s	’s	PART
taxlaw-8367	327	30	basis	basis	NOUN
taxlaw-8367	327	31	in	in	ADP
taxlaw-8367	327	32	partnership	partnership	NOUN
taxlaw-8367	327	33	interest	interest	NOUN
taxlaw-8367	327	34	received	receive	VERB
taxlaw-8367	327	35	in	in	ADP
taxlaw-8367	327	36	exchange	exchange	NOUN
taxlaw-8367	327	37	for	for	ADP
taxlaw-8367	327	38	property	property	NOUN
taxlaw-8367	327	39	contributed	contribute	VERB
taxlaw-8367	327	40	to	to	ADP
taxlaw-8367	327	41	the	the	DET
taxlaw-8367	327	42	partnership	partnership	NOUN
taxlaw-8367	327	43	)	)	PUNCT
taxlaw-8367	327	44	.	.	PUNCT
taxlaw-8367	328	1	as	as	ADP
taxlaw-8367	328	2	an	an	DET
taxlaw-8367	328	3	alternative	alternative	NOUN
taxlaw-8367	328	4	,	,	PUNCT
taxlaw-8367	328	5	it	it	PRON
taxlaw-8367	328	6	also	also	ADV
taxlaw-8367	328	7	can	can	AUX
taxlaw-8367	328	8	be	be	AUX
taxlaw-8367	328	9	the	the	DET
taxlaw-8367	328	10	basis	basis	NOUN
taxlaw-8367	328	11	of	of	ADP
taxlaw-8367	328	12	the	the	DET
taxlaw-8367	328	13	transferor	transferor	NOUN
taxlaw-8367	328	14	,	,	PUNCT
taxlaw-8367	328	15	but	but	CCONJ
taxlaw-8367	328	16	this	this	DET
taxlaw-8367	328	17	rule	rule	NOUN
taxlaw-8367	328	18	generally	generally	ADV
taxlaw-8367	328	19	applies	apply	VERB
taxlaw-8367	328	20	where	where	SCONJ
taxlaw-8367	328	21	the	the	DET
taxlaw-8367	328	22	transferee	transferee	NOUN
taxlaw-8367	328	23	is	be	AUX
taxlaw-8367	328	24	the	the	DET
taxlaw-8367	328	25	successor	successor	NOUN
taxlaw-8367	328	26	to	to	ADP
taxlaw-8367	328	27	the	the	DET
taxlaw-8367	328	28	transferor	transferor	NOUN
taxlaw-8367	328	29	and	and	CCONJ
taxlaw-8367	328	30	is	be	AUX
taxlaw-8367	328	31	in	in	ADP
taxlaw-8367	328	32	some	some	DET
taxlaw-8367	328	33	sense	sense	NOUN
taxlaw-8367	328	34	the	the	DET
taxlaw-8367	328	35	transferor	transferor	NOUN
taxlaw-8367	328	36	’s	’s	PART
taxlaw-8367	328	37	proxy	proxy	NOUN
taxlaw-8367	328	38	,	,	PUNCT
taxlaw-8367	328	39	such	such	ADJ
taxlaw-8367	328	40	as	as	ADP
taxlaw-8367	328	41	the	the	DET
taxlaw-8367	328	42	corporation	corporation	NOUN
taxlaw-8367	328	43	or	or	CCONJ
taxlaw-8367	328	44	partnership	partnership	NOUN
taxlaw-8367	328	45	that	that	PRON
taxlaw-8367	328	46	receives	receive	VERB
taxlaw-8367	328	47	the	the	DET
taxlaw-8367	328	48	property	property	NOUN
taxlaw-8367	328	49	.	.	PUNCT
taxlaw-8367	329	1	see	see	VERB
taxlaw-8367	329	2	,	,	PUNCT
taxlaw-8367	329	3	e.g.	e.g.	ADV
taxlaw-8367	329	4	,	,	PUNCT
taxlaw-8367	329	5	i.r.c	i.r.c	NOUN
taxlaw-8367	329	6	.	.	PUNCT
taxlaw-8367	330	1	§	§	PROPN
taxlaw-8367	330	2	362(a	362(a	PROPN
taxlaw-8367	330	3	)	)	PUNCT
taxlaw-8367	330	4	(	(	PUNCT
taxlaw-8367	330	5	transferee	transferee	PROPN
taxlaw-8367	330	6	corporation	corporation	NOUN
taxlaw-8367	330	7	’s	’s	PART
taxlaw-8367	330	8	basis	basis	NOUN
taxlaw-8367	330	9	in	in	ADP
taxlaw-8367	330	10	property	property	NOUN
taxlaw-8367	330	11	received	receive	VERB
taxlaw-8367	330	12	in	in	ADP
taxlaw-8367	330	13	a	a	DET
taxlaw-8367	330	14	section	section	NOUN
taxlaw-8367	330	15	351(a	351(a	NUM
taxlaw-8367	330	16	)	)	PUNCT
taxlaw-8367	330	17	exchange	exchange	NOUN
taxlaw-8367	330	18	is	be	AUX
taxlaw-8367	330	19	transferor	transferor	NOUN
taxlaw-8367	330	20	’s	’s	PART
taxlaw-8367	330	21	)	)	PUNCT
taxlaw-8367	330	22	;	;	PUNCT
taxlaw-8367	330	23	i.r.c	i.r.c	NOUN
taxlaw-8367	330	24	§	§	PROPN
taxlaw-8367	330	25	723	723	NUM
taxlaw-8367	330	26	(	(	PUNCT
taxlaw-8367	330	27	transferee	transferee	PROPN
taxlaw-8367	330	28	partnership	partnership	PROPN
taxlaw-8367	330	29	’s	’s	PART
taxlaw-8367	330	30	basis	basis	NOUN
taxlaw-8367	330	31	in	in	ADP
taxlaw-8367	330	32	property	property	NOUN
taxlaw-8367	330	33	received	receive	VERB
taxlaw-8367	330	34	in	in	ADP
taxlaw-8367	330	35	a	a	DET
taxlaw-8367	330	36	section	section	NOUN
taxlaw-8367	330	37	721	721	NUM
taxlaw-8367	330	38	exchange	exchange	NOUN
taxlaw-8367	330	39	is	be	AUX
taxlaw-8367	330	40	generally	generally	ADV
taxlaw-8367	330	41	transferor	transferor	NOUN
taxlaw-8367	330	42	’s	’s	PART
taxlaw-8367	330	43	)	)	PUNCT
taxlaw-8367	330	44	.	.	PUNCT
taxlaw-8367	331	1	because	because	SCONJ
taxlaw-8367	331	2	the	the	DET
taxlaw-8367	331	3	lender	lender	NOUN
taxlaw-8367	331	4	and	and	CCONJ
taxlaw-8367	331	5	borrower	borrower	NOUN
taxlaw-8367	331	6	do	do	AUX
taxlaw-8367	331	7	not	not	PART
taxlaw-8367	331	8	stand	stand	VERB
taxlaw-8367	331	9	in	in	ADP
taxlaw-8367	331	10	this	this	DET
taxlaw-8367	331	11	type	type	NOUN
taxlaw-8367	331	12	of	of	ADP
taxlaw-8367	331	13	relationship	relationship	NOUN
taxlaw-8367	331	14	,	,	PUNCT
taxlaw-8367	331	15	the	the	DET
taxlaw-8367	331	16	only	only	ADJ
taxlaw-8367	331	17	deferred	defer	VERB
taxlaw-8367	331	18	-	-	PUNCT
taxlaw-8367	331	19	tax	tax	NOUN
taxlaw-8367	331	20	basis	basis	NOUN
taxlaw-8367	331	21	candidate	candidate	NOUN
taxlaw-8367	331	22	for	for	ADP
taxlaw-8367	331	23	the	the	DET
taxlaw-8367	331	24	borrower	borrower	NOUN
taxlaw-8367	331	25	would	would	AUX
taxlaw-8367	331	26	be	be	AUX
taxlaw-8367	331	27	the	the	DET
taxlaw-8367	331	28	exchanged	exchange	VERB
taxlaw-8367	331	29	basis	basis	NOUN
taxlaw-8367	331	30	rule	rule	NOUN
taxlaw-8367	331	31	described	describe	VERB
taxlaw-8367	331	32	in	in	ADP
taxlaw-8367	331	33	the	the	DET
taxlaw-8367	331	34	text	text	NOUN
taxlaw-8367	331	35	.	.	PUNCT
taxlaw-8367	332	1	2021	2021	NUM
taxlaw-8367	332	2	]	]	PUNCT
taxlaw-8367	332	3	debt	debt	NOUN
taxlaw-8367	332	4	and	and	CCONJ
taxlaw-8367	332	5	taxes	taxis	NOUN
taxlaw-8367	332	6	101	101	NUM
taxlaw-8367	332	7	suppose	suppose	VERB
taxlaw-8367	332	8	that	that	SCONJ
taxlaw-8367	332	9	transferor	transferor	NOUN
taxlaw-8367	332	10	’s	’s	PART
taxlaw-8367	332	11	exchange	exchange	NOUN
taxlaw-8367	332	12	of	of	ADP
taxlaw-8367	332	13	blackacre	blackacre	NOUN
taxlaw-8367	332	14	for	for	ADP
taxlaw-8367	332	15	whiteacre	whiteacre	ADJ
taxlaw-8367	332	16	qualifies	qualifie	NOUN
taxlaw-8367	332	17	for	for	ADP
taxlaw-8367	332	18	nonrecognition	nonrecognition	NOUN
taxlaw-8367	332	19	as	as	ADP
taxlaw-8367	332	20	a	a	DET
taxlaw-8367	332	21	“	"	PUNCT
taxlaw-8367	332	22	like	like	ADJ
taxlaw-8367	332	23	-	-	PUNCT
taxlaw-8367	332	24	kind	kind	ADJ
taxlaw-8367	332	25	”	"	PUNCT
taxlaw-8367	332	26	exchange	exchange	NOUN
taxlaw-8367	332	27	under	under	ADP
taxlaw-8367	332	28	section	section	NOUN
taxlaw-8367	332	29	1031	1031	NUM
taxlaw-8367	332	30	.	.	PUNCT
taxlaw-8367	333	1	transferor	transferor	PROPN
taxlaw-8367	333	2	’s	’s	PART
taxlaw-8367	333	3	basis	basis	NOUN
taxlaw-8367	333	4	in	in	ADP
taxlaw-8367	333	5	whiteacre	whiteacre	ADJ
taxlaw-8367	333	6	will	will	AUX
taxlaw-8367	333	7	be	be	AUX
taxlaw-8367	333	8	her	her	PRON
taxlaw-8367	333	9	basis	basis	NOUN
taxlaw-8367	333	10	in	in	ADP
taxlaw-8367	333	11	blackacre	blackacre	NOUN
taxlaw-8367	333	12	,	,	PUNCT
taxlaw-8367	333	13	not	not	PART
taxlaw-8367	333	14	the	the	DET
taxlaw-8367	333	15	cost	cost	NOUN
taxlaw-8367	333	16	of	of	ADP
taxlaw-8367	333	17	whiteacre.70	whiteacre.70	NOUN
taxlaw-8367	333	18	if	if	SCONJ
taxlaw-8367	333	19	she	she	PRON
taxlaw-8367	333	20	later	later	ADV
taxlaw-8367	333	21	disposes	dispose	VERB
taxlaw-8367	333	22	of	of	ADP
taxlaw-8367	333	23	whiteacre	whiteacre	NOUN
taxlaw-8367	333	24	in	in	ADP
taxlaw-8367	333	25	a	a	DET
taxlaw-8367	333	26	taxable	taxable	ADJ
taxlaw-8367	333	27	transaction	transaction	NOUN
taxlaw-8367	333	28	,	,	PUNCT
taxlaw-8367	333	29	the	the	DET
taxlaw-8367	333	30	built	build	VERB
taxlaw-8367	333	31	-	-	PUNCT
taxlaw-8367	333	32	in	in	ADP
taxlaw-8367	333	33	gain	gain	NOUN
taxlaw-8367	333	34	or	or	CCONJ
taxlaw-8367	333	35	loss	loss	NOUN
taxlaw-8367	333	36	in	in	ADP
taxlaw-8367	333	37	blackacre	blackacre	NOUN
taxlaw-8367	333	38	that	that	PRON
taxlaw-8367	333	39	went	went	AUX
taxlaw-8367	333	40	unrecognized	unrecognize	VERB
taxlaw-8367	333	41	in	in	ADP
taxlaw-8367	333	42	the	the	DET
taxlaw-8367	333	43	nontaxable	nontaxable	ADJ
taxlaw-8367	333	44	exchange	exchange	NOUN
taxlaw-8367	333	45	will	will	AUX
taxlaw-8367	333	46	be	be	AUX
taxlaw-8367	333	47	recognized	recognize	VERB
taxlaw-8367	333	48	at	at	ADP
taxlaw-8367	333	49	that	that	DET
taxlaw-8367	333	50	time	time	NOUN
taxlaw-8367	333	51	.	.	PUNCT
taxlaw-8367	334	1	suppose	suppose	VERB
taxlaw-8367	334	2	one	one	PRON
taxlaw-8367	334	3	accepts	accept	VERB
taxlaw-8367	334	4	that	that	SCONJ
taxlaw-8367	334	5	the	the	DET
taxlaw-8367	334	6	receipt	receipt	NOUN
taxlaw-8367	334	7	of	of	ADP
taxlaw-8367	334	8	the	the	DET
taxlaw-8367	334	9	loan	loan	NOUN
taxlaw-8367	334	10	proceeds	proceed	NOUN
taxlaw-8367	334	11	is	be	AUX
taxlaw-8367	334	12	not	not	PART
taxlaw-8367	334	13	taxable	taxable	ADJ
taxlaw-8367	334	14	on	on	ADP
taxlaw-8367	334	15	the	the	DET
taxlaw-8367	334	16	basis	basis	NOUN
taxlaw-8367	334	17	of	of	ADP
taxlaw-8367	334	18	some	some	DET
taxlaw-8367	334	19	policy	policy	NOUN
taxlaw-8367	334	20	reason	reason	NOUN
taxlaw-8367	334	21	besides	besides	SCONJ
taxlaw-8367	334	22	the	the	DET
taxlaw-8367	334	23	goal	goal	NOUN
taxlaw-8367	334	24	of	of	ADP
taxlaw-8367	334	25	taxing	tax	VERB
taxlaw-8367	334	26	true	true	ADJ
taxlaw-8367	334	27	economic	economic	ADJ
taxlaw-8367	334	28	income	income	NOUN
taxlaw-8367	334	29	.	.	PUNCT
taxlaw-8367	335	1	because	because	SCONJ
taxlaw-8367	335	2	of	of	ADP
taxlaw-8367	335	3	its	its	PRON
taxlaw-8367	335	4	likeness	likeness	NOUN
taxlaw-8367	335	5	to	to	ADP
taxlaw-8367	335	6	other	other	ADJ
taxlaw-8367	335	7	nonrecognition	nonrecognition	NOUN
taxlaw-8367	335	8	transactions	transaction	NOUN
taxlaw-8367	335	9	,	,	PUNCT
taxlaw-8367	335	10	the	the	DET
taxlaw-8367	335	11	rule	rule	NOUN
taxlaw-8367	335	12	of	of	ADP
taxlaw-8367	335	13	nontaxation	nontaxation	NOUN
taxlaw-8367	335	14	may	may	AUX
taxlaw-8367	335	15	give	give	VERB
taxlaw-8367	335	16	rise	rise	NOUN
taxlaw-8367	335	17	to	to	ADP
taxlaw-8367	335	18	the	the	DET
taxlaw-8367	335	19	intuition	intuition	NOUN
taxlaw-8367	335	20	that	that	SCONJ
taxlaw-8367	335	21	the	the	DET
taxlaw-8367	335	22	borrower	borrower	NOUN
taxlaw-8367	335	23	’s	’s	PART
taxlaw-8367	335	24	basis	basis	NOUN
taxlaw-8367	335	25	in	in	ADP
taxlaw-8367	335	26	the	the	DET
taxlaw-8367	335	27	loan	loan	NOUN
taxlaw-8367	335	28	proceeds	proceed	NOUN
taxlaw-8367	335	29	should	should	AUX
taxlaw-8367	335	30	be	be	AUX
taxlaw-8367	335	31	either	either	DET
taxlaw-8367	335	32	zero	zero	NUM
taxlaw-8367	335	33	or	or	CCONJ
taxlaw-8367	335	34	at	at	ADP
taxlaw-8367	335	35	least	least	ADJ
taxlaw-8367	335	36	not	not	PART
taxlaw-8367	335	37	the	the	DET
taxlaw-8367	335	38	face	face	NOUN
taxlaw-8367	335	39	amount	amount	NOUN
taxlaw-8367	335	40	of	of	ADP
taxlaw-8367	335	41	the	the	DET
taxlaw-8367	335	42	debt.71	debt.71	PROPN
taxlaw-8367	335	43	borrower	borrower	NOUN
taxlaw-8367	335	44	has	have	VERB
taxlaw-8367	335	45	no	no	DET
taxlaw-8367	335	46	after	after	ADP
taxlaw-8367	335	47	-	-	PUNCT
taxlaw-8367	335	48	tax	tax	NOUN
taxlaw-8367	335	49	cost	cost	NOUN
taxlaw-8367	335	50	in	in	ADP
taxlaw-8367	335	51	her	her	PRON
taxlaw-8367	335	52	promises	promise	NOUN
taxlaw-8367	335	53	to	to	PART
taxlaw-8367	335	54	pay	pay	VERB
taxlaw-8367	335	55	interest	interest	NOUN
taxlaw-8367	335	56	or	or	CCONJ
taxlaw-8367	335	57	to	to	PART
taxlaw-8367	335	58	return	return	VERB
taxlaw-8367	335	59	the	the	DET
taxlaw-8367	335	60	loan	loan	NOUN
taxlaw-8367	335	61	amount	amount	NOUN
taxlaw-8367	335	62	.	.	PUNCT
taxlaw-8367	336	1	if	if	SCONJ
taxlaw-8367	336	2	we	we	PRON
taxlaw-8367	336	3	are	be	AUX
taxlaw-8367	336	4	not	not	PART
taxlaw-8367	336	5	going	go	VERB
taxlaw-8367	336	6	to	to	PART
taxlaw-8367	336	7	tax	tax	VERB
taxlaw-8367	336	8	her	she	PRON
taxlaw-8367	336	9	on	on	ADP
taxlaw-8367	336	10	the	the	DET
taxlaw-8367	336	11	receipt	receipt	NOUN
taxlaw-8367	336	12	,	,	PUNCT
taxlaw-8367	336	13	so	so	SCONJ
taxlaw-8367	336	14	the	the	DET
taxlaw-8367	336	15	argument	argument	NOUN
taxlaw-8367	336	16	runs	run	VERB
taxlaw-8367	336	17	,	,	PUNCT
taxlaw-8367	336	18	we	we	PRON
taxlaw-8367	336	19	should	should	AUX
taxlaw-8367	336	20	also	also	ADV
taxlaw-8367	336	21	not	not	PART
taxlaw-8367	336	22	give	give	VERB
taxlaw-8367	336	23	her	her	PRON
taxlaw-8367	336	24	basis	basis	NOUN
taxlaw-8367	336	25	credit	credit	NOUN
taxlaw-8367	336	26	since	since	SCONJ
taxlaw-8367	336	27	what	what	PRON
taxlaw-8367	336	28	justifies	justify	VERB
taxlaw-8367	336	29	that	that	SCONJ
taxlaw-8367	336	30	credit	credit	NOUN
taxlaw-8367	336	31	is	be	AUX
taxlaw-8367	336	32	the	the	DET
taxlaw-8367	336	33	presence	presence	NOUN
taxlaw-8367	336	34	of	of	ADP
taxlaw-8367	336	35	an	an	DET
taxlaw-8367	336	36	after	after	ADP
taxlaw-8367	336	37	-	-	PUNCT
taxlaw-8367	336	38	tax	tax	NOUN
taxlaw-8367	336	39	investment	investment	NOUN
taxlaw-8367	336	40	,	,	PUNCT
taxlaw-8367	336	41	which	which	PRON
taxlaw-8367	336	42	is	be	AUX
taxlaw-8367	336	43	precisely	precisely	ADV
taxlaw-8367	336	44	what	what	PRON
taxlaw-8367	336	45	is	be	AUX
taxlaw-8367	336	46	missing	miss	VERB
taxlaw-8367	336	47	under	under	ADP
taxlaw-8367	336	48	the	the	DET
taxlaw-8367	336	49	nontaxation	nontaxation	NOUN
taxlaw-8367	336	50	rule	rule	NOUN
taxlaw-8367	336	51	.	.	PUNCT
taxlaw-8367	337	1	moreover	moreover	ADV
taxlaw-8367	337	2	,	,	PUNCT
taxlaw-8367	337	3	the	the	DET
taxlaw-8367	337	4	fact	fact	NOUN
taxlaw-8367	337	5	that	that	SCONJ
taxlaw-8367	337	6	she	she	PRON
taxlaw-8367	337	7	is	be	AUX
taxlaw-8367	337	8	expected	expect	VERB
taxlaw-8367	337	9	to	to	PART
taxlaw-8367	337	10	repay	repay	VERB
taxlaw-8367	337	11	the	the	DET
taxlaw-8367	337	12	loan	loan	NOUN
taxlaw-8367	337	13	with	with	ADP
taxlaw-8367	337	14	taxed	tax	VERB
taxlaw-8367	337	15	dollars	dollar	NOUN
taxlaw-8367	337	16	does	do	AUX
taxlaw-8367	337	17	not	not	PART
taxlaw-8367	337	18	justify	justify	VERB
taxlaw-8367	337	19	basis	basis	NOUN
taxlaw-8367	337	20	credit	credit	NOUN
taxlaw-8367	337	21	on	on	ADP
taxlaw-8367	337	22	receipt	receipt	NOUN
taxlaw-8367	337	23	of	of	ADP
taxlaw-8367	337	24	the	the	DET
taxlaw-8367	337	25	loan	loan	NOUN
taxlaw-8367	337	26	proceeds	proceed	NOUN
taxlaw-8367	337	27	.	.	PUNCT
taxlaw-8367	338	1	in	in	ADP
taxlaw-8367	338	2	the	the	DET
taxlaw-8367	338	3	ordinary	ordinary	ADJ
taxlaw-8367	338	4	course	course	NOUN
taxlaw-8367	338	5	,	,	PUNCT
taxlaw-8367	338	6	basis	basis	NOUN
taxlaw-8367	338	7	arises	arise	VERB
taxlaw-8367	338	8	when	when	SCONJ
taxlaw-8367	338	9	payment	payment	NOUN
taxlaw-8367	338	10	is	be	AUX
taxlaw-8367	338	11	made	make	VERB
taxlaw-8367	338	12	(	(	PUNCT
taxlaw-8367	338	13	or	or	CCONJ
taxlaw-8367	338	14	liability	liability	NOUN
taxlaw-8367	338	15	accrues	accrue	VERB
taxlaw-8367	338	16	in	in	ADP
taxlaw-8367	338	17	the	the	DET
taxlaw-8367	338	18	case	case	NOUN
taxlaw-8367	338	19	of	of	ADP
taxlaw-8367	338	20	an	an	DET
taxlaw-8367	338	21	accrual	accrual	ADJ
taxlaw-8367	338	22	method	method	NOUN
taxlaw-8367	338	23	taxpayer	taxpayer	NOUN
taxlaw-8367	338	24	)	)	PUNCT
taxlaw-8367	338	25	because	because	SCONJ
taxlaw-8367	338	26	that	that	PRON
taxlaw-8367	338	27	is	be	AUX
taxlaw-8367	338	28	when	when	SCONJ
taxlaw-8367	338	29	tax	tax	NOUN
taxlaw-8367	338	30	is	be	AUX
taxlaw-8367	338	31	due	due	ADJ
taxlaw-8367	338	32	.	.	PUNCT
taxlaw-8367	339	1	basis	basis	NOUN
taxlaw-8367	339	2	credit	credit	NOUN
taxlaw-8367	339	3	would	would	AUX
taxlaw-8367	339	4	arise	arise	VERB
taxlaw-8367	339	5	on	on	ADP
taxlaw-8367	339	6	the	the	DET
taxlaw-8367	339	7	occasion	occasion	NOUN
taxlaw-8367	339	8	of	of	ADP
taxlaw-8367	339	9	a	a	DET
taxlaw-8367	339	10	taxable	taxable	ADJ
taxlaw-8367	339	11	receipt	receipt	NOUN
taxlaw-8367	339	12	of	of	ADP
taxlaw-8367	339	13	the	the	DET
taxlaw-8367	339	14	funds	fund	NOUN
taxlaw-8367	339	15	used	use	VERB
taxlaw-8367	339	16	to	to	PART
taxlaw-8367	339	17	repay	repay	VERB
taxlaw-8367	339	18	the	the	DET
taxlaw-8367	339	19	loan	loan	NOUN
taxlaw-8367	339	20	.	.	PUNCT
taxlaw-8367	340	1	these	these	DET
taxlaw-8367	340	2	considerations	consideration	NOUN
taxlaw-8367	340	3	at	at	ADP
taxlaw-8367	340	4	least	least	ADJ
taxlaw-8367	340	5	suggest	suggest	VERB
taxlaw-8367	340	6	that	that	SCONJ
taxlaw-8367	340	7	if	if	SCONJ
taxlaw-8367	340	8	one	one	PRON
taxlaw-8367	340	9	believes	believe	VERB
taxlaw-8367	340	10	that	that	SCONJ
taxlaw-8367	340	11	the	the	DET
taxlaw-8367	340	12	offsetting	offset	VERB
taxlaw-8367	340	13	obligation	obligation	NOUN
taxlaw-8367	340	14	theory	theory	NOUN
taxlaw-8367	340	15	justifies	justify	VERB
taxlaw-8367	340	16	nontaxation	nontaxation	NOUN
taxlaw-8367	340	17	of	of	ADP
taxlaw-8367	340	18	the	the	DET
taxlaw-8367	340	19	loan	loan	NOUN
taxlaw-8367	340	20	exchange	exchange	NOUN
taxlaw-8367	340	21	,	,	PUNCT
taxlaw-8367	340	22	one	one	PRON
taxlaw-8367	340	23	still	still	ADV
taxlaw-8367	340	24	might	might	AUX
taxlaw-8367	340	25	conclude	conclude	VERB
taxlaw-8367	340	26	that	that	DET
taxlaw-8367	340	27	borrower	borrower	NOUN
taxlaw-8367	340	28	’s	’s	PART
taxlaw-8367	340	29	zero	zero	NUM
taxlaw-8367	340	30	basis	basis	NOUN
taxlaw-8367	340	31	in	in	ADP
taxlaw-8367	340	32	the	the	DET
taxlaw-8367	340	33	promises	promise	NOUN
taxlaw-8367	340	34	should	should	AUX
taxlaw-8367	340	35	carry	carry	VERB
taxlaw-8367	340	36	over	over	ADP
taxlaw-8367	340	37	to	to	ADP
taxlaw-8367	340	38	the	the	DET
taxlaw-8367	340	39	cash	cash	NOUN
taxlaw-8367	340	40	received	receive	VERB
taxlaw-8367	340	41	in	in	ADP
taxlaw-8367	340	42	exchange	exchange	NOUN
taxlaw-8367	340	43	for	for	ADP
taxlaw-8367	340	44	them	they	PRON
taxlaw-8367	340	45	as	as	SCONJ
taxlaw-8367	340	46	it	it	PRON
taxlaw-8367	340	47	would	would	AUX
taxlaw-8367	340	48	in	in	ADP
taxlaw-8367	340	49	a	a	DET
taxlaw-8367	340	50	typical	typical	ADJ
taxlaw-8367	340	51	nonrecognition	nonrecognition	NOUN
taxlaw-8367	340	52	transaction.72	transaction.72	NOUN
taxlaw-8367	340	53	that	that	DET
taxlaw-8367	340	54	conclusion	conclusion	NOUN
taxlaw-8367	340	55	,	,	PUNCT
taxlaw-8367	340	56	in	in	ADP
taxlaw-8367	340	57	turn	turn	NOUN
taxlaw-8367	340	58	,	,	PUNCT
taxlaw-8367	340	59	could	could	AUX
taxlaw-8367	340	60	support	support	VERB
taxlaw-8367	340	61	either	either	PRON
taxlaw-8367	340	62	of	of	ADP
taxlaw-8367	340	63	two	two	NUM
taxlaw-8367	340	64	rules	rule	NOUN
taxlaw-8367	340	65	that	that	PRON
taxlaw-8367	340	66	are	be	AUX
taxlaw-8367	340	67	inconsistent	inconsistent	ADJ
taxlaw-8367	340	68	with	with	ADP
taxlaw-8367	340	69	the	the	DET
taxlaw-8367	340	70	actual	actual	ADJ
taxlaw-8367	340	71	rule	rule	NOUN
taxlaw-8367	340	72	.	.	PUNCT
taxlaw-8367	341	1	one	one	NUM
taxlaw-8367	341	2	rule	rule	NOUN
taxlaw-8367	341	3	would	would	AUX
taxlaw-8367	341	4	require	require	VERB
taxlaw-8367	341	5	borrower	borrower	NOUN
taxlaw-8367	341	6	to	to	PART
taxlaw-8367	341	7	recognize	recognize	VERB
taxlaw-8367	341	8	gain	gain	NOUN
taxlaw-8367	341	9	on	on	ADP
taxlaw-8367	341	10	use	use	NOUN
taxlaw-8367	341	11	of	of	ADP
taxlaw-8367	341	12	the	the	DET
taxlaw-8367	341	13	loan	loan	NOUN
taxlaw-8367	341	14	proceeds	proceed	NOUN
taxlaw-8367	341	15	to	to	PART
taxlaw-8367	341	16	acquire	acquire	VERB
taxlaw-8367	341	17	property	property	NOUN
taxlaw-8367	341	18	or	or	CCONJ
taxlaw-8367	341	19	services	service	NOUN
taxlaw-8367	341	20	,	,	PUNCT
taxlaw-8367	341	21	effectively	effectively	ADV
taxlaw-8367	341	22	rendering	render	VERB
taxlaw-8367	341	23	the	the	DET
taxlaw-8367	341	24	borrowing	borrowing	NOUN
taxlaw-8367	341	25	transaction	transaction	NOUN
taxlaw-8367	341	26	taxable	taxable	ADJ
taxlaw-8367	341	27	.	.	PUNCT
taxlaw-8367	342	1	the	the	DET
taxlaw-8367	342	2	other	other	ADJ
taxlaw-8367	342	3	possibility	possibility	NOUN
taxlaw-8367	342	4	would	would	AUX
taxlaw-8367	342	5	be	be	AUX
taxlaw-8367	342	6	to	to	PART
taxlaw-8367	342	7	require	require	VERB
taxlaw-8367	342	8	borrower	borrower	NOUN
taxlaw-8367	342	9	to	to	PART
taxlaw-8367	342	10	take	take	VERB
taxlaw-8367	342	11	a	a	DET
taxlaw-8367	342	12	zero	zero	NUM
taxlaw-8367	342	13	basis	basis	NOUN
taxlaw-8367	342	14	in	in	ADP
taxlaw-8367	342	15	assets	asset	NOUN
taxlaw-8367	342	16	or	or	CCONJ
taxlaw-8367	342	17	services	service	NOUN
taxlaw-8367	342	18	purchased	purchase	VERB
taxlaw-8367	342	19	with	with	ADP
taxlaw-8367	342	20	the	the	DET
taxlaw-8367	342	21	loan	loan	NOUN
taxlaw-8367	342	22	proceeds	proceed	NOUN
taxlaw-8367	342	23	,	,	PUNCT
taxlaw-8367	342	24	thereby	thereby	ADV
taxlaw-8367	342	25	denying	deny	VERB
taxlaw-8367	342	26	cost	cost	NOUN
taxlaw-8367	342	27	recovery	recovery	NOUN
taxlaw-8367	342	28	to	to	ADP
taxlaw-8367	342	29	borrower	borrower	NOUN
taxlaw-8367	342	30	and	and	CCONJ
taxlaw-8367	342	31	,	,	PUNCT
taxlaw-8367	342	32	in	in	ADP
taxlaw-8367	342	33	effect	effect	NOUN
taxlaw-8367	342	34	,	,	PUNCT
taxlaw-8367	342	35	taxing	tax	VERB
taxlaw-8367	342	36	the	the	DET
taxlaw-8367	342	37	loan	loan	NOUN
taxlaw-8367	342	38	proceeds	proceed	NOUN
taxlaw-8367	342	39	over	over	ADP
taxlaw-8367	342	40	the	the	DET
taxlaw-8367	342	41	useful	useful	ADJ
taxlaw-8367	342	42	life	life	NOUN
taxlaw-8367	342	43	of	of	ADP
taxlaw-8367	342	44	the	the	DET
taxlaw-8367	342	45	asset	asset	NOUN
taxlaw-8367	342	46	or	or	CCONJ
taxlaw-8367	342	47	service	service	NOUN
taxlaw-8367	342	48	purchased	purchase	VERB
taxlaw-8367	342	49	with	with	ADP
taxlaw-8367	342	50	them	they	PRON
taxlaw-8367	342	51	(	(	PUNCT
taxlaw-8367	342	52	at	at	ADP
taxlaw-8367	342	53	least	least	ADJ
taxlaw-8367	342	54	in	in	ADP
taxlaw-8367	342	55	the	the	DET
taxlaw-8367	342	56	business	business	NOUN
taxlaw-8367	342	57	and	and	CCONJ
taxlaw-8367	342	58	investment	investment	NOUN
taxlaw-8367	342	59	settings).73	settings).73	PROPN
taxlaw-8367	342	60	for	for	ADP
taxlaw-8367	342	61	these	these	DET
taxlaw-8367	342	62	reasons	reason	NOUN
taxlaw-8367	342	63	,	,	PUNCT
taxlaw-8367	342	64	some	some	DET
taxlaw-8367	342	65	commentators	commentator	NOUN
taxlaw-8367	342	66	have	have	AUX
taxlaw-8367	342	67	argued	argue	VERB
taxlaw-8367	342	68	for	for	ADP
taxlaw-8367	342	69	at	at	ADV
taxlaw-8367	342	70	least	least	ADJ
taxlaw-8367	342	71	limited	limited	ADJ
taxlaw-8367	342	72	basis	basis	NOUN
taxlaw-8367	342	73	credit	credit	NOUN
taxlaw-8367	342	74	in	in	ADP
taxlaw-8367	342	75	loan	loan	NOUN
taxlaw-8367	342	76	proceeds	proceed	NOUN
taxlaw-8367	342	77	in	in	ADP
taxlaw-8367	342	78	certain	certain	ADJ
taxlaw-8367	342	79	circumstances	circumstance	NOUN
taxlaw-8367	342	80	even	even	ADV
taxlaw-8367	342	81	if	if	SCONJ
taxlaw-8367	342	82	the	the	DET
taxlaw-8367	342	83	tax	tax	NOUN
taxlaw-8367	342	84	regime	regime	NOUN
taxlaw-8367	342	85	otherwise	otherwise	ADV
taxlaw-8367	342	86	would	would	AUX
taxlaw-8367	342	87	not	not	PART
taxlaw-8367	342	88	support	support	VERB
taxlaw-8367	342	89	it.74	it.74	PROPN
taxlaw-8367	342	90	charlene	charlene	PROPN
taxlaw-8367	342	91	luke	luke	PROPN
taxlaw-8367	342	92	argues	argue	VERB
taxlaw-8367	342	93	,	,	PUNCT
taxlaw-8367	342	94	for	for	ADP
taxlaw-8367	342	95	example	example	NOUN
taxlaw-8367	342	96	,	,	PUNCT
taxlaw-8367	342	97	that	that	SCONJ
taxlaw-8367	342	98	providing	provide	VERB
taxlaw-8367	342	99	full	full	ADJ
taxlaw-8367	342	100	basis	basis	NOUN
taxlaw-8367	342	101	credit	credit	NOUN
taxlaw-8367	342	102	for	for	ADP
taxlaw-8367	342	103	loan	loan	NOUN
taxlaw-8367	342	104	70	70	NUM
taxlaw-8367	342	105	see	see	NOUN
taxlaw-8367	342	106	i.r.c	i.r.c	NOUN
taxlaw-8367	342	107	.	.	PUNCT
taxlaw-8367	343	1	§	§	PROPN
taxlaw-8367	343	2	1031(d	1031(d	NUM
taxlaw-8367	343	3	)	)	PUNCT
taxlaw-8367	343	4	.	.	PUNCT
taxlaw-8367	344	1	71	71	NUM
taxlaw-8367	344	2	see	see	NOUN
taxlaw-8367	344	3	,	,	PUNCT
taxlaw-8367	344	4	e.g.	e.g.	ADV
taxlaw-8367	344	5	,	,	PUNCT
taxlaw-8367	344	6	charlene	charlene	PROPN
taxlaw-8367	344	7	luke	luke	PROPN
taxlaw-8367	344	8	,	,	PUNCT
taxlaw-8367	344	9	of	of	ADP
taxlaw-8367	344	10	more	more	ADJ
taxlaw-8367	344	11	than	than	ADP
taxlaw-8367	344	12	usual	usual	ADJ
taxlaw-8367	344	13	interest	interest	NOUN
taxlaw-8367	344	14	:	:	PUNCT
taxlaw-8367	344	15	the	the	DET
taxlaw-8367	344	16	taxing	tax	VERB
taxlaw-8367	344	17	problem	problem	NOUN
taxlaw-8367	344	18	of	of	ADP
taxlaw-8367	344	19	debt	debt	NOUN
taxlaw-8367	344	20	principal	principal	NOUN
taxlaw-8367	344	21	,	,	PUNCT
taxlaw-8367	344	22	39	39	NUM
taxlaw-8367	344	23	seattle	seattle	PROPN
taxlaw-8367	344	24	u.	u.	PROPN
taxlaw-8367	344	25	l.	l.	PROPN
taxlaw-8367	344	26	rev	rev	PROPN
taxlaw-8367	344	27	.	.	PROPN
taxlaw-8367	344	28	33	33	NUM
taxlaw-8367	344	29	,	,	PUNCT
taxlaw-8367	344	30	49	49	NUM
taxlaw-8367	344	31	-	-	SYM
taxlaw-8367	344	32	53	53	NUM
taxlaw-8367	344	33	(	(	PUNCT
taxlaw-8367	344	34	2015	2015	NUM
taxlaw-8367	344	35	)	)	PUNCT
taxlaw-8367	344	36	(	(	PUNCT
taxlaw-8367	344	37	arguing	argue	VERB
taxlaw-8367	344	38	that	that	SCONJ
taxlaw-8367	344	39	borrowing	borrowing	NOUN
taxlaw-8367	344	40	of	of	ADP
taxlaw-8367	344	41	loan	loan	NOUN
taxlaw-8367	344	42	proceeds	proceed	NOUN
taxlaw-8367	344	43	is	be	AUX
taxlaw-8367	344	44	conceptually	conceptually	ADV
taxlaw-8367	344	45	distinct	distinct	ADJ
taxlaw-8367	344	46	from	from	ADP
taxlaw-8367	344	47	“	"	PUNCT
taxlaw-8367	344	48	basis	basis	NOUN
taxlaw-8367	344	49	borrowing	borrowing	NOUN
taxlaw-8367	344	50	”	"	PUNCT
taxlaw-8367	344	51	)	)	PUNCT
taxlaw-8367	344	52	;	;	PUNCT
taxlaw-8367	344	53	polito	polito	PROPN
taxlaw-8367	344	54	,	,	PUNCT
taxlaw-8367	344	55	supra	supra	PROPN
taxlaw-8367	344	56	note	note	PROPN
taxlaw-8367	344	57	42	42	NUM
taxlaw-8367	344	58	,	,	PUNCT
taxlaw-8367	344	59	at	at	ADP
taxlaw-8367	344	60	506	506	NUM
taxlaw-8367	344	61	-	-	SYM
taxlaw-8367	344	62	09	09	NUM
taxlaw-8367	344	63	(	(	PUNCT
taxlaw-8367	344	64	arguing	argue	VERB
taxlaw-8367	344	65	that	that	SCONJ
taxlaw-8367	344	66	any	any	PRON
taxlaw-8367	344	67	of	of	ADP
taxlaw-8367	344	68	a	a	DET
taxlaw-8367	344	69	number	number	NOUN
taxlaw-8367	344	70	of	of	ADP
taxlaw-8367	344	71	conventions	convention	NOUN
taxlaw-8367	344	72	could	could	AUX
taxlaw-8367	344	73	apply	apply	VERB
taxlaw-8367	344	74	to	to	PART
taxlaw-8367	344	75	treat	treat	VERB
taxlaw-8367	344	76	loan	loan	NOUN
taxlaw-8367	344	77	proceeds	proceed	NOUN
taxlaw-8367	344	78	as	as	ADP
taxlaw-8367	344	79	having	have	VERB
taxlaw-8367	344	80	basis	basis	NOUN
taxlaw-8367	344	81	to	to	ADP
taxlaw-8367	344	82	some	some	DET
taxlaw-8367	344	83	extent	extent	NOUN
taxlaw-8367	344	84	)	)	PUNCT
taxlaw-8367	344	85	;	;	PUNCT
taxlaw-8367	344	86	white	white	ADJ
taxlaw-8367	344	87	,	,	PUNCT
taxlaw-8367	344	88	supra	supra	ADJ
taxlaw-8367	344	89	note	note	NOUN
taxlaw-8367	344	90	1	1	NUM
taxlaw-8367	344	91	,	,	PUNCT
taxlaw-8367	344	92	at	at	ADP
taxlaw-8367	344	93	2072	2072	NUM
taxlaw-8367	344	94	-	-	SYM
taxlaw-8367	344	95	73	73	NUM
taxlaw-8367	344	96	(	(	PUNCT
taxlaw-8367	344	97	arguing	argue	VERB
taxlaw-8367	344	98	that	that	SCONJ
taxlaw-8367	344	99	supplying	supply	VERB
taxlaw-8367	344	100	basis	basis	NOUN
taxlaw-8367	344	101	credit	credit	NOUN
taxlaw-8367	344	102	is	be	AUX
taxlaw-8367	344	103	inconsistent	inconsistent	ADJ
taxlaw-8367	344	104	with	with	ADP
taxlaw-8367	344	105	nontaxation	nontaxation	NOUN
taxlaw-8367	344	106	of	of	ADP
taxlaw-8367	344	107	the	the	DET
taxlaw-8367	344	108	receipt	receipt	NOUN
taxlaw-8367	344	109	of	of	ADP
taxlaw-8367	344	110	loan	loan	NOUN
taxlaw-8367	344	111	proceeds	proceed	NOUN
taxlaw-8367	344	112	)	)	PUNCT
taxlaw-8367	344	113	.	.	PUNCT
taxlaw-8367	345	1	72	72	NUM
taxlaw-8367	345	2	see	see	VERB
taxlaw-8367	345	3	,	,	PUNCT
taxlaw-8367	345	4	e.g.	e.g.	ADV
taxlaw-8367	345	5	,	,	PUNCT
taxlaw-8367	345	6	i.r.c	i.r.c	NOUN
taxlaw-8367	345	7	.	.	PUNCT
taxlaw-8367	346	1	§	§	PROPN
taxlaw-8367	346	2	358(a	358(a	PROPN
taxlaw-8367	346	3	)	)	PUNCT
taxlaw-8367	346	4	(	(	PUNCT
taxlaw-8367	346	5	exchanged	exchange	VERB
taxlaw-8367	346	6	basis	basis	NOUN
taxlaw-8367	346	7	in	in	ADP
taxlaw-8367	346	8	nontaxable	nontaxable	ADJ
taxlaw-8367	346	9	reorganization	reorganization	NOUN
taxlaw-8367	346	10	and	and	CCONJ
taxlaw-8367	346	11	incorporation	incorporation	NOUN
taxlaw-8367	346	12	transactions	transaction	NOUN
taxlaw-8367	346	13	)	)	PUNCT
taxlaw-8367	346	14	;	;	PUNCT
taxlaw-8367	346	15	i.r.c	i.r.c	NOUN
taxlaw-8367	346	16	.	.	PUNCT
taxlaw-8367	347	1	§	§	PROPN
taxlaw-8367	347	2	723	723	NUM
taxlaw-8367	347	3	(	(	PUNCT
taxlaw-8367	347	4	same	same	ADJ
taxlaw-8367	347	5	in	in	ADP
taxlaw-8367	347	6	partner	partner	NOUN
taxlaw-8367	347	7	-	-	PUNCT
taxlaw-8367	347	8	partnership	partnership	NOUN
taxlaw-8367	347	9	transactions	transaction	NOUN
taxlaw-8367	347	10	)	)	PUNCT
taxlaw-8367	347	11	;	;	PUNCT
taxlaw-8367	347	12	i.r.c	i.r.c	NOUN
taxlaw-8367	347	13	.	.	PUNCT
taxlaw-8367	348	1	§	§	PROPN
taxlaw-8367	348	2	1031(d	1031(d	NUM
taxlaw-8367	348	3	)	)	PUNCT
taxlaw-8367	348	4	(	(	PUNCT
taxlaw-8367	348	5	same	same	ADJ
taxlaw-8367	348	6	in	in	ADP
taxlaw-8367	348	7	like	like	ADP
taxlaw-8367	348	8	-	-	PUNCT
taxlaw-8367	348	9	kind	kind	NOUN
taxlaw-8367	348	10	exchange	exchange	NOUN
taxlaw-8367	348	11	transactions	transaction	NOUN
taxlaw-8367	348	12	)	)	PUNCT
taxlaw-8367	348	13	.	.	PUNCT
taxlaw-8367	349	1	73	73	NUM
taxlaw-8367	349	2	as	as	ADP
taxlaw-8367	349	3	a	a	DET
taxlaw-8367	349	4	general	general	ADJ
taxlaw-8367	349	5	matter	matter	NOUN
taxlaw-8367	349	6	,	,	PUNCT
taxlaw-8367	349	7	there	there	PRON
taxlaw-8367	349	8	is	be	VERB
taxlaw-8367	349	9	no	no	DET
taxlaw-8367	349	10	cost	cost	NOUN
taxlaw-8367	349	11	recovery	recovery	NOUN
taxlaw-8367	349	12	for	for	ADP
taxlaw-8367	349	13	the	the	DET
taxlaw-8367	349	14	ordinary	ordinary	ADJ
taxlaw-8367	349	15	use	use	NOUN
taxlaw-8367	349	16	of	of	ADP
taxlaw-8367	349	17	personal	personal	ADJ
taxlaw-8367	349	18	-	-	PUNCT
taxlaw-8367	349	19	use	use	NOUN
taxlaw-8367	349	20	property	property	NOUN
taxlaw-8367	349	21	so	so	SCONJ
taxlaw-8367	349	22	that	that	SCONJ
taxlaw-8367	349	23	taking	take	VERB
taxlaw-8367	349	24	a	a	DET
taxlaw-8367	349	25	zero	zero	NUM
taxlaw-8367	349	26	basis	basis	NOUN
taxlaw-8367	349	27	in	in	ADP
taxlaw-8367	349	28	such	such	ADJ
taxlaw-8367	349	29	property	property	NOUN
taxlaw-8367	349	30	would	would	AUX
taxlaw-8367	349	31	not	not	PART
taxlaw-8367	349	32	be	be	AUX
taxlaw-8367	349	33	significant	significant	ADJ
taxlaw-8367	349	34	except	except	SCONJ
taxlaw-8367	349	35	upon	upon	SCONJ
taxlaw-8367	349	36	later	later	ADJ
taxlaw-8367	349	37	disposition	disposition	NOUN
taxlaw-8367	349	38	of	of	ADP
taxlaw-8367	349	39	the	the	DET
taxlaw-8367	349	40	asset	asset	NOUN
taxlaw-8367	349	41	in	in	ADP
taxlaw-8367	349	42	a	a	DET
taxlaw-8367	349	43	taxable	taxable	ADJ
taxlaw-8367	349	44	transaction	transaction	NOUN
taxlaw-8367	349	45	.	.	PUNCT
taxlaw-8367	350	1	see	see	VERB
taxlaw-8367	350	2	i.r.c	i.r.c	NOUN
taxlaw-8367	350	3	.	.	PUNCT
taxlaw-8367	351	1	§	§	PROPN
taxlaw-8367	351	2	165	165	NUM
taxlaw-8367	351	3	(	(	PUNCT
taxlaw-8367	351	4	permitting	permit	VERB
taxlaw-8367	351	5	a	a	DET
taxlaw-8367	351	6	deduction	deduction	NOUN
taxlaw-8367	351	7	for	for	ADP
taxlaw-8367	351	8	losses	loss	NOUN
taxlaw-8367	351	9	sustained	sustain	VERB
taxlaw-8367	351	10	on	on	ADP
taxlaw-8367	351	11	business	business	NOUN
taxlaw-8367	351	12	assets	asset	NOUN
taxlaw-8367	351	13	,	,	PUNCT
taxlaw-8367	351	14	assets	asset	NOUN
taxlaw-8367	351	15	used	use	VERB
taxlaw-8367	351	16	in	in	ADP
taxlaw-8367	351	17	the	the	DET
taxlaw-8367	351	18	production	production	NOUN
taxlaw-8367	351	19	of	of	ADP
taxlaw-8367	351	20	income	income	NOUN
taxlaw-8367	351	21	,	,	PUNCT
taxlaw-8367	351	22	and	and	CCONJ
taxlaw-8367	351	23	certain	certain	ADJ
taxlaw-8367	351	24	casualty	casualty	NOUN
taxlaw-8367	351	25	losses	loss	NOUN
taxlaw-8367	351	26	)	)	PUNCT
taxlaw-8367	351	27	;	;	PUNCT
taxlaw-8367	351	28	i.r.c	i.r.c	NOUN
taxlaw-8367	351	29	.	.	PUNCT
taxlaw-8367	352	1	§	§	PROPN
taxlaw-8367	352	2	167	167	NUM
taxlaw-8367	352	3	(	(	PUNCT
taxlaw-8367	352	4	permitting	permit	VERB
taxlaw-8367	352	5	cost	cost	NOUN
taxlaw-8367	352	6	recovery	recovery	NOUN
taxlaw-8367	352	7	for	for	ADP
taxlaw-8367	352	8	assets	asset	NOUN
taxlaw-8367	352	9	used	use	VERB
taxlaw-8367	352	10	in	in	ADP
taxlaw-8367	352	11	a	a	DET
taxlaw-8367	352	12	trade	trade	NOUN
taxlaw-8367	352	13	or	or	CCONJ
taxlaw-8367	352	14	business	business	NOUN
taxlaw-8367	352	15	or	or	CCONJ
taxlaw-8367	352	16	for	for	ADP
taxlaw-8367	352	17	the	the	DET
taxlaw-8367	352	18	production	production	NOUN
taxlaw-8367	352	19	of	of	ADP
taxlaw-8367	352	20	income	income	NOUN
taxlaw-8367	352	21	)	)	PUNCT
taxlaw-8367	352	22	.	.	PUNCT
taxlaw-8367	353	1	74	74	NUM
taxlaw-8367	353	2	see	see	VERB
taxlaw-8367	353	3	,	,	PUNCT
taxlaw-8367	353	4	e.g.	e.g.	ADV
taxlaw-8367	353	5	,	,	PUNCT
taxlaw-8367	353	6	william	william	PROPN
taxlaw-8367	353	7	d.	d.	PROPN
taxlaw-8367	353	8	andrews	andrews	PROPN
taxlaw-8367	353	9	,	,	PUNCT
taxlaw-8367	353	10	a	a	DET
taxlaw-8367	353	11	consumption	consumption	NOUN
taxlaw-8367	353	12	-	-	PUNCT
taxlaw-8367	353	13	type	type	NOUN
taxlaw-8367	353	14	or	or	CCONJ
taxlaw-8367	353	15	cash	cash	NOUN
taxlaw-8367	353	16	flow	flow	NOUN
taxlaw-8367	353	17	personal	personal	ADJ
taxlaw-8367	353	18	income	income	NOUN
taxlaw-8367	353	19	tax	tax	NOUN
taxlaw-8367	353	20	,	,	PUNCT
taxlaw-8367	353	21	87	87	NUM
taxlaw-8367	353	22	harv	harv	NOUN
taxlaw-8367	353	23	.	.	PUNCT
taxlaw-8367	354	1	l.	l.	PROPN
taxlaw-8367	354	2	rev	rev	PROPN
taxlaw-8367	354	3	.	.	PROPN
taxlaw-8367	354	4	1113	1113	NUM
taxlaw-8367	354	5	,	,	PUNCT
taxlaw-8367	354	6	1154	1154	NUM
taxlaw-8367	354	7	-	-	SYM
taxlaw-8367	354	8	55	55	NUM
taxlaw-8367	354	9	(	(	PUNCT
taxlaw-8367	354	10	1974	1974	NUM
taxlaw-8367	354	11	)	)	PUNCT
taxlaw-8367	354	12	;	;	PUNCT
taxlaw-8367	354	13	j.	j.	PROPN
taxlaw-8367	354	14	clifton	clifton	PROPN
taxlaw-8367	354	15	fleming	fleming	PROPN
taxlaw-8367	354	16	,	,	PUNCT
taxlaw-8367	354	17	jr	jr	PROPN
taxlaw-8367	354	18	.	.	PROPN
taxlaw-8367	354	19	,	,	PUNCT
taxlaw-8367	354	20	the	the	DET
taxlaw-8367	354	21	deceptively	deceptively	ADV
taxlaw-8367	354	22	disparate	disparate	ADJ
taxlaw-8367	354	23	treatment	treatment	NOUN
taxlaw-8367	354	24	of	of	ADP
taxlaw-8367	354	25	business	business	NOUN
taxlaw-8367	354	26	and	and	CCONJ
taxlaw-8367	354	27	investment	investment	NOUN
taxlaw-8367	354	28	interest	interest	NOUN
taxlaw-8367	354	29	expense	expense	NOUN
taxlaw-8367	354	30	under	under	ADP
taxlaw-8367	354	31	a	a	DET
taxlaw-8367	354	32	cash	cash	NOUN
taxlaw-8367	354	33	-	-	PUNCT
taxlaw-8367	354	34	flow	flow	NOUN
taxlaw-8367	354	35	consumption	consumption	NOUN
taxlaw-8367	354	36	tax	tax	NOUN
taxlaw-8367	354	37	and	and	CCONJ
taxlaw-8367	354	38	a	a	DET
taxlaw-8367	354	39	schanz	schanz	NOUN
taxlaw-8367	354	40	-	-	PUNCT
taxlaw-8367	354	41	haig	haig	PROPN
taxlaw-8367	354	42	-	-	PUNCT
taxlaw-8367	354	43	simons	simons	PROPN
taxlaw-8367	354	44	income	income	NOUN
taxlaw-8367	354	45	tax	tax	NOUN
taxlaw-8367	354	46	,	,	PUNCT
taxlaw-8367	354	47	3	3	NUM
taxlaw-8367	354	48	fla	fla	NOUN
taxlaw-8367	354	49	.	.	PUNCT
taxlaw-8367	355	1	tax	tax	PROPN
taxlaw-8367	355	2	rev	rev	PROPN
taxlaw-8367	355	3	.	.	PROPN
taxlaw-8367	355	4	544	544	NUM
taxlaw-8367	355	5	,	,	PUNCT
taxlaw-8367	355	6	561	561	NUM
taxlaw-8367	355	7	(	(	PUNCT
taxlaw-8367	355	8	1997	1997	NUM
taxlaw-8367	355	9	)	)	PUNCT
taxlaw-8367	355	10	.	.	PUNCT
taxlaw-8367	356	1	102	102	NUM
taxlaw-8367	356	2	columbia	columbia	PROPN
taxlaw-8367	356	3	journal	journal	PROPN
taxlaw-8367	356	4	of	of	ADP
taxlaw-8367	356	5	tax	tax	NOUN
taxlaw-8367	356	6	law	law	NOUN
taxlaw-8367	356	7	[	[	X
taxlaw-8367	356	8	vol	vol	NOUN
taxlaw-8367	356	9	.	.	PUNCT
taxlaw-8367	357	1	12:89	12:89	NUM
taxlaw-8367	357	2	proceeds	proceed	NOUN
taxlaw-8367	357	3	may	may	AUX
taxlaw-8367	357	4	be	be	AUX
taxlaw-8367	357	5	more	more	ADV
taxlaw-8367	357	6	appropriate	appropriate	ADJ
taxlaw-8367	357	7	when	when	SCONJ
taxlaw-8367	357	8	there	there	PRON
taxlaw-8367	357	9	is	be	VERB
taxlaw-8367	357	10	assurance	assurance	NOUN
taxlaw-8367	357	11	that	that	PRON
taxlaw-8367	357	12	the	the	DET
taxlaw-8367	357	13	tax	tax	NOUN
taxlaw-8367	357	14	benefits	benefit	NOUN
taxlaw-8367	357	15	that	that	PRON
taxlaw-8367	357	16	the	the	DET
taxlaw-8367	357	17	borrowing	borrowing	NOUN
taxlaw-8367	357	18	finances	finance	NOUN
taxlaw-8367	357	19	are	be	AUX
taxlaw-8367	357	20	not	not	PART
taxlaw-8367	357	21	inconsistent	inconsistent	ADJ
taxlaw-8367	357	22	with	with	ADP
taxlaw-8367	357	23	income	income	NOUN
taxlaw-8367	357	24	tax	tax	NOUN
taxlaw-8367	357	25	principles;75	principles;75	VERB
taxlaw-8367	357	26	in	in	ADP
taxlaw-8367	357	27	situations	situation	NOUN
taxlaw-8367	357	28	in	in	ADP
taxlaw-8367	357	29	which	which	PRON
taxlaw-8367	357	30	borrowing	borrowing	NOUN
taxlaw-8367	357	31	furnishes	furnish	VERB
taxlaw-8367	357	32	a	a	DET
taxlaw-8367	357	33	tax	tax	NOUN
taxlaw-8367	357	34	timing	timing	NOUN
taxlaw-8367	357	35	or	or	CCONJ
taxlaw-8367	357	36	other	other	ADJ
taxlaw-8367	357	37	tax	tax	NOUN
taxlaw-8367	357	38	advantage	advantage	NOUN
taxlaw-8367	357	39	,	,	PUNCT
taxlaw-8367	357	40	basis	basis	NOUN
taxlaw-8367	357	41	rationing	ration	VERB
taxlaw-8367	357	42	may	may	AUX
taxlaw-8367	357	43	be	be	AUX
taxlaw-8367	357	44	appropriate.76	appropriate.76	PROPN
taxlaw-8367	357	45	polito	polito	PROPN
taxlaw-8367	357	46	argues	argue	VERB
taxlaw-8367	357	47	that	that	SCONJ
taxlaw-8367	357	48	basis	basis	NOUN
taxlaw-8367	357	49	credit	credit	NOUN
taxlaw-8367	357	50	may	may	AUX
taxlaw-8367	357	51	be	be	AUX
taxlaw-8367	357	52	more	more	ADV
taxlaw-8367	357	53	appropriate	appropriate	ADJ
taxlaw-8367	357	54	when	when	SCONJ
taxlaw-8367	357	55	the	the	DET
taxlaw-8367	357	56	borrowing	borrowing	NOUN
taxlaw-8367	357	57	transaction	transaction	NOUN
taxlaw-8367	357	58	involves	involve	VERB
taxlaw-8367	357	59	an	an	DET
taxlaw-8367	357	60	actual	actual	ADJ
taxlaw-8367	357	61	cash	cash	NOUN
taxlaw-8367	357	62	transfer	transfer	NOUN
taxlaw-8367	357	63	than	than	ADP
taxlaw-8367	357	64	when	when	SCONJ
taxlaw-8367	357	65	it	it	PRON
taxlaw-8367	357	66	does	do	AUX
taxlaw-8367	357	67	not.77	not.77	ADJ
taxlaw-8367	357	68	shaviro	shaviro	NOUN
taxlaw-8367	357	69	has	have	AUX
taxlaw-8367	357	70	suggested	suggest	VERB
taxlaw-8367	357	71	that	that	SCONJ
taxlaw-8367	357	72	denying	deny	VERB
taxlaw-8367	357	73	basis	basis	NOUN
taxlaw-8367	357	74	credit	credit	NOUN
taxlaw-8367	357	75	for	for	ADP
taxlaw-8367	357	76	nonrecourse	nonrecourse	NOUN
taxlaw-8367	357	77	debt	debt	NOUN
taxlaw-8367	357	78	may	may	AUX
taxlaw-8367	357	79	be	be	AUX
taxlaw-8367	357	80	appropriate	appropriate	ADJ
taxlaw-8367	357	81	because	because	SCONJ
taxlaw-8367	357	82	of	of	ADP
taxlaw-8367	357	83	the	the	DET
taxlaw-8367	357	84	contingency	contingency	NOUN
taxlaw-8367	357	85	of	of	ADP
taxlaw-8367	357	86	the	the	DET
taxlaw-8367	357	87	repayment	repayment	NOUN
taxlaw-8367	357	88	obligation	obligation	NOUN
taxlaw-8367	357	89	or	or	CCONJ
taxlaw-8367	357	90	because	because	SCONJ
taxlaw-8367	357	91	the	the	DET
taxlaw-8367	357	92	justifications	justification	NOUN
taxlaw-8367	357	93	for	for	ADP
taxlaw-8367	357	94	not	not	PART
taxlaw-8367	357	95	taxing	tax	VERB
taxlaw-8367	357	96	unrealized	unrealized	ADJ
taxlaw-8367	357	97	gains	gain	NOUN
taxlaw-8367	357	98	are	be	AUX
taxlaw-8367	357	99	particularly	particularly	ADV
taxlaw-8367	357	100	weak	weak	ADJ
taxlaw-8367	357	101	when	when	SCONJ
taxlaw-8367	357	102	the	the	DET
taxlaw-8367	357	103	borrower	borrower	NOUN
taxlaw-8367	357	104	uses	use	VERB
taxlaw-8367	357	105	appreciated	appreciated	ADJ
taxlaw-8367	357	106	property	property	NOUN
taxlaw-8367	357	107	as	as	ADP
taxlaw-8367	357	108	a	a	DET
taxlaw-8367	357	109	security.78	security.78	PROPN
taxlaw-8367	357	110	d.	d.	NOUN
taxlaw-8367	357	111	proposition	proposition	NOUN
taxlaw-8367	357	112	3	3	NUM
taxlaw-8367	357	113	:	:	PUNCT
taxlaw-8367	357	114	borrower	borrower	NOUN
taxlaw-8367	357	115	default	default	NOUN
taxlaw-8367	357	116	triggers	trigger	VERB
taxlaw-8367	357	117	an	an	DET
taxlaw-8367	357	118	inclusion	inclusion	NOUN
taxlaw-8367	357	119	discharge	discharge	NOUN
taxlaw-8367	357	120	of	of	ADP
taxlaw-8367	357	121	indebtedness	indebtedness	NOUN
taxlaw-8367	357	122	gives	give	VERB
taxlaw-8367	357	123	rise	rise	NOUN
taxlaw-8367	357	124	to	to	ADP
taxlaw-8367	357	125	gross	gross	ADJ
taxlaw-8367	357	126	income	income	NOUN
taxlaw-8367	357	127	,	,	PUNCT
taxlaw-8367	357	128	79	79	NUM
taxlaw-8367	357	129	though	though	ADV
taxlaw-8367	357	130	discharged	discharge	VERB
taxlaw-8367	357	131	indebtedness	indebtedness	NOUN
taxlaw-8367	357	132	may	may	AUX
taxlaw-8367	357	133	be	be	AUX
taxlaw-8367	357	134	excluded	exclude	VERB
taxlaw-8367	357	135	in	in	ADP
taxlaw-8367	357	136	some	some	DET
taxlaw-8367	357	137	circumstances.80	circumstances.80	NOUN
taxlaw-8367	357	138	there	there	PRON
taxlaw-8367	357	139	is	be	VERB
taxlaw-8367	357	140	wide	wide	ADJ
taxlaw-8367	357	141	agreement	agreement	NOUN
taxlaw-8367	357	142	that	that	PRON
taxlaw-8367	357	143	the	the	DET
taxlaw-8367	357	144	discharge	discharge	NOUN
taxlaw-8367	357	145	of	of	ADP
taxlaw-8367	357	146	debt	debt	NOUN
taxlaw-8367	357	147	ought	ought	AUX
taxlaw-8367	357	148	to	to	PART
taxlaw-8367	357	149	be	be	AUX
taxlaw-8367	357	150	taxable	taxable	ADJ
taxlaw-8367	357	151	(	(	PUNCT
taxlaw-8367	357	152	as	as	ADV
taxlaw-8367	357	153	long	long	ADV
taxlaw-8367	357	154	as	as	SCONJ
taxlaw-8367	357	155	no	no	DET
taxlaw-8367	357	156	exclusion	exclusion	NOUN
taxlaw-8367	357	157	applies	apply	VERB
taxlaw-8367	357	158	)	)	PUNCT
taxlaw-8367	357	159	assuming	assume	VERB
taxlaw-8367	357	160	that	that	SCONJ
taxlaw-8367	357	161	receipt	receipt	NOUN
taxlaw-8367	357	162	of	of	ADP
taxlaw-8367	357	163	the	the	DET
taxlaw-8367	357	164	loan	loan	NOUN
taxlaw-8367	357	165	proceeds	proceed	NOUN
taxlaw-8367	357	166	is	be	AUX
taxlaw-8367	357	167	not	not	PART
taxlaw-8367	357	168	,	,	PUNCT
taxlaw-8367	357	169	although	although	SCONJ
taxlaw-8367	357	170	it	it	PRON
taxlaw-8367	357	171	took	take	VERB
taxlaw-8367	357	172	some	some	DET
taxlaw-8367	357	173	time	time	NOUN
taxlaw-8367	357	174	to	to	PART
taxlaw-8367	357	175	settle	settle	VERB
taxlaw-8367	357	176	on	on	ADP
taxlaw-8367	357	177	the	the	DET
taxlaw-8367	357	178	rationale.81	rationale.81	NOUN
taxlaw-8367	357	179	in	in	ADP
taxlaw-8367	357	180	the	the	DET
taxlaw-8367	357	181	early	early	ADJ
taxlaw-8367	357	182	years	year	NOUN
taxlaw-8367	357	183	of	of	ADP
taxlaw-8367	357	184	the	the	DET
taxlaw-8367	357	185	income	income	NOUN
taxlaw-8367	357	186	tax	tax	NOUN
taxlaw-8367	357	187	,	,	PUNCT
taxlaw-8367	357	188	authorities	authority	NOUN
taxlaw-8367	357	189	tended	tend	VERB
taxlaw-8367	357	190	to	to	PART
taxlaw-8367	357	191	focus	focus	VERB
taxlaw-8367	357	192	on	on	ADP
taxlaw-8367	357	193	the	the	DET
taxlaw-8367	357	194	question	question	NOUN
taxlaw-8367	357	195	of	of	ADP
taxlaw-8367	357	196	whether	whether	SCONJ
taxlaw-8367	357	197	the	the	DET
taxlaw-8367	357	198	debt	debt	NOUN
taxlaw-8367	357	199	discharge	discharge	NOUN
taxlaw-8367	357	200	“	"	PUNCT
taxlaw-8367	357	201	freed	free	VERB
taxlaw-8367	357	202	up	up	ADP
taxlaw-8367	357	203	”	"	PUNCT
taxlaw-8367	357	204	assets	asset	NOUN
taxlaw-8367	357	205	of	of	ADP
taxlaw-8367	357	206	the	the	DET
taxlaw-8367	357	207	borrower	borrower	NOUN
taxlaw-8367	357	208	,	,	PUNCT
taxlaw-8367	357	209	thereby	thereby	ADV
taxlaw-8367	357	210	resulting	result	VERB
taxlaw-8367	357	211	in	in	ADP
taxlaw-8367	357	212	an	an	DET
taxlaw-8367	357	213	increase	increase	NOUN
taxlaw-8367	357	214	in	in	ADP
taxlaw-8367	357	215	net	net	ADJ
taxlaw-8367	357	216	worth.82	worth.82	NOUN
taxlaw-8367	357	217	thus	thus	ADV
taxlaw-8367	357	218	,	,	PUNCT
taxlaw-8367	357	219	when	when	SCONJ
taxlaw-8367	357	220	the	the	DET
taxlaw-8367	357	221	debt	debt	NOUN
taxlaw-8367	357	222	was	be	AUX
taxlaw-8367	357	223	discharged	discharge	VERB
taxlaw-8367	357	224	by	by	ADP
taxlaw-8367	357	225	reason	reason	NOUN
taxlaw-8367	357	226	of	of	ADP
taxlaw-8367	357	227	insolvency	insolvency	NOUN
taxlaw-8367	357	228	,	,	PUNCT
taxlaw-8367	357	229	the	the	DET
taxlaw-8367	357	230	courts	court	NOUN
taxlaw-8367	357	231	would	would	AUX
taxlaw-8367	357	232	find	find	VERB
taxlaw-8367	357	233	no	no	DET
taxlaw-8367	357	234	income	income	NOUN
taxlaw-8367	357	235	from	from	ADP
taxlaw-8367	357	236	doi	doi	NOUN
taxlaw-8367	357	237	on	on	ADP
taxlaw-8367	357	238	the	the	DET
taxlaw-8367	357	239	basis	basis	NOUN
taxlaw-8367	357	240	that	that	SCONJ
taxlaw-8367	357	241	the	the	DET
taxlaw-8367	357	242	discharge	discharge	NOUN
taxlaw-8367	357	243	did	do	AUX
taxlaw-8367	357	244	not	not	PART
taxlaw-8367	357	245	improve	improve	VERB
taxlaw-8367	357	246	the	the	DET
taxlaw-8367	357	247	borrower	borrower	NOUN
taxlaw-8367	357	248	’s	’s	PART
taxlaw-8367	357	249	balance	balance	NOUN
taxlaw-8367	357	250	sheet	sheet	NOUN
taxlaw-8367	357	251	.	.	PUNCT
taxlaw-8367	358	1	another	another	DET
taxlaw-8367	358	2	rationale	rationale	NOUN
taxlaw-8367	358	3	that	that	PRON
taxlaw-8367	358	4	was	be	AUX
taxlaw-8367	358	5	sometimes	sometimes	ADV
taxlaw-8367	358	6	offered	offer	VERB
taxlaw-8367	358	7	was	be	AUX
taxlaw-8367	358	8	that	that	SCONJ
taxlaw-8367	358	9	the	the	DET
taxlaw-8367	358	10	question	question	NOUN
taxlaw-8367	358	11	of	of	ADP
taxlaw-8367	358	12	income	income	NOUN
taxlaw-8367	358	13	from	from	ADP
taxlaw-8367	358	14	doi	doi	NOUN
taxlaw-8367	358	15	hinged	hinge	VERB
taxlaw-8367	358	16	on	on	ADP
taxlaw-8367	358	17	the	the	DET
taxlaw-8367	358	18	overall	overall	ADJ
taxlaw-8367	358	19	success	success	NOUN
taxlaw-8367	358	20	of	of	ADP
taxlaw-8367	358	21	the	the	DET
taxlaw-8367	358	22	borrowing	borrowing	NOUN
taxlaw-8367	358	23	-	-	PUNCT
taxlaw-8367	358	24	plus	plus	CCONJ
taxlaw-8367	358	25	-	-	PUNCT
taxlaw-8367	358	26	finance	finance	NOUN
taxlaw-8367	358	27	transaction	transaction	NOUN
taxlaw-8367	358	28	:	:	PUNCT
taxlaw-8367	358	29	if	if	SCONJ
taxlaw-8367	358	30	the	the	DET
taxlaw-8367	358	31	overall	overall	ADJ
taxlaw-8367	358	32	arrangement	arrangement	NOUN
taxlaw-8367	358	33	was	be	AUX
taxlaw-8367	358	34	a	a	DET
taxlaw-8367	358	35	bust	bust	NOUN
taxlaw-8367	358	36	,	,	PUNCT
taxlaw-8367	358	37	courts	court	NOUN
taxlaw-8367	358	38	might	might	AUX
taxlaw-8367	358	39	find	find	VERB
taxlaw-8367	358	40	that	that	SCONJ
taxlaw-8367	358	41	the	the	DET
taxlaw-8367	358	42	discharge	discharge	NOUN
taxlaw-8367	358	43	did	do	AUX
taxlaw-8367	358	44	not	not	PART
taxlaw-8367	358	45	create	create	VERB
taxlaw-8367	358	46	income	income	NOUN
taxlaw-8367	358	47	to	to	ADP
taxlaw-8367	358	48	the	the	DET
taxlaw-8367	358	49	borrower	borrower	NOUN
taxlaw-8367	358	50	even	even	ADV
taxlaw-8367	358	51	if	if	SCONJ
taxlaw-8367	358	52	the	the	DET
taxlaw-8367	358	53	borrower	borrower	NOUN
taxlaw-8367	358	54	was	be	AUX
taxlaw-8367	358	55	solvent.83	solvent.83	X
taxlaw-8367	358	56	in	in	ADP
taxlaw-8367	358	57	the	the	DET
taxlaw-8367	358	58	last	last	ADJ
taxlaw-8367	358	59	several	several	ADJ
taxlaw-8367	358	60	decades	decade	NOUN
taxlaw-8367	358	61	,	,	PUNCT
taxlaw-8367	358	62	a	a	DET
taxlaw-8367	358	63	consensus	consensus	NOUN
taxlaw-8367	358	64	has	have	AUX
taxlaw-8367	358	65	coalesced	coalesce	VERB
taxlaw-8367	358	66	around	around	ADP
taxlaw-8367	358	67	a	a	DET
taxlaw-8367	358	68	different	different	ADJ
taxlaw-8367	358	69	theory	theory	NOUN
taxlaw-8367	358	70	for	for	ADP
taxlaw-8367	358	71	inclusion	inclusion	NOUN
taxlaw-8367	358	72	of	of	ADP
taxlaw-8367	358	73	income	income	NOUN
taxlaw-8367	358	74	from	from	ADP
taxlaw-8367	358	75	doi	doi	NOUN
taxlaw-8367	358	76	,	,	PUNCT
taxlaw-8367	358	77	sometimes	sometimes	ADV
taxlaw-8367	358	78	termed	term	VERB
taxlaw-8367	358	79	the	the	DET
taxlaw-8367	358	80	“	"	PUNCT
taxlaw-8367	358	81	tax	tax	NOUN
taxlaw-8367	358	82	benefit	benefit	NOUN
taxlaw-8367	358	83	”	"	PUNCT
taxlaw-8367	358	84	theory	theory	NOUN
taxlaw-8367	358	85	,	,	PUNCT
taxlaw-8367	358	86	in	in	ADP
taxlaw-8367	358	87	analogy	analogy	NOUN
taxlaw-8367	358	88	to	to	ADP
taxlaw-8367	358	89	the	the	DET
taxlaw-8367	358	90	tax	tax	NOUN
taxlaw-8367	358	91	benefit	benefit	NOUN
taxlaw-8367	358	92	rule	rule	NOUN
taxlaw-8367	358	93	(	(	PUNCT
taxlaw-8367	358	94	tbr).84	tbr).84	ADV
taxlaw-8367	358	95	the	the	DET
taxlaw-8367	358	96	tbr	tbr	NOUN
taxlaw-8367	358	97	requires	require	VERB
taxlaw-8367	358	98	the	the	DET
taxlaw-8367	358	99	taxpayer	taxpayer	NOUN
taxlaw-8367	358	100	to	to	PART
taxlaw-8367	358	101	include	include	VERB
taxlaw-8367	358	102	an	an	DET
taxlaw-8367	358	103	item	item	NOUN
taxlaw-8367	358	104	of	of	ADP
taxlaw-8367	358	105	gross	gross	ADJ
taxlaw-8367	358	106	income	income	NOUN
taxlaw-8367	358	107	in	in	ADP
taxlaw-8367	358	108	the	the	DET
taxlaw-8367	358	109	current	current	ADJ
taxlaw-8367	358	110	period	period	NOUN
taxlaw-8367	358	111	if	if	SCONJ
taxlaw-8367	358	112	an	an	DET
taxlaw-8367	358	113	event	event	NOUN
taxlaw-8367	358	114	occurs	occur	VERB
taxlaw-8367	358	115	in	in	ADP
taxlaw-8367	358	116	that	that	DET
taxlaw-8367	358	117	period	period	NOUN
taxlaw-8367	358	118	that	that	PRON
taxlaw-8367	358	119	is	be	AUX
taxlaw-8367	358	120	“	"	PUNCT
taxlaw-8367	358	121	fundamentally	fundamentally	ADV
taxlaw-8367	358	122	75	75	NUM
taxlaw-8367	358	123	luke	luke	ADJ
taxlaw-8367	358	124	,	,	PUNCT
taxlaw-8367	358	125	supra	supra	PROPN
taxlaw-8367	358	126	note	note	NOUN
taxlaw-8367	358	127	72	72	NUM
taxlaw-8367	358	128	,	,	PUNCT
taxlaw-8367	358	129	at	at	ADP
taxlaw-8367	358	130	40	40	NUM
taxlaw-8367	358	131	-	-	SYM
taxlaw-8367	358	132	50	50	NUM
taxlaw-8367	358	133	.	.	PUNCT
taxlaw-8367	359	1	76	76	NUM
taxlaw-8367	360	1	i	i	PRON
taxlaw-8367	360	2	d.	d.	NOUN
taxlaw-8367	360	3	at	at	ADP
taxlaw-8367	360	4	66	66	NUM
taxlaw-8367	360	5	-	-	SYM
taxlaw-8367	360	6	77	77	NUM
taxlaw-8367	360	7	.	.	PUNCT
taxlaw-8367	361	1	77	77	NUM
taxlaw-8367	361	2	polito	polito	PROPN
taxlaw-8367	361	3	,	,	PUNCT
taxlaw-8367	361	4	supra	supra	PROPN
taxlaw-8367	361	5	note	note	PROPN
taxlaw-8367	361	6	42	42	NUM
taxlaw-8367	361	7	,	,	PUNCT
taxlaw-8367	361	8	at	at	ADP
taxlaw-8367	361	9	626	626	NUM
taxlaw-8367	361	10	-	-	SYM
taxlaw-8367	361	11	32	32	NUM
taxlaw-8367	361	12	.	.	PUNCT
taxlaw-8367	362	1	i	i	PRON
taxlaw-8367	362	2	find	find	VERB
taxlaw-8367	362	3	polito	polito	PROPN
taxlaw-8367	362	4	’s	’s	PART
taxlaw-8367	362	5	distinctions	distinction	NOUN
taxlaw-8367	362	6	unconvincing	unconvincing	ADJ
taxlaw-8367	362	7	.	.	PUNCT
taxlaw-8367	363	1	if	if	SCONJ
taxlaw-8367	363	2	the	the	DET
taxlaw-8367	363	3	borrower	borrower	NOUN
taxlaw-8367	363	4	receives	receive	VERB
taxlaw-8367	363	5	value	value	NOUN
taxlaw-8367	363	6	from	from	ADP
taxlaw-8367	363	7	the	the	DET
taxlaw-8367	363	8	lender	lender	NOUN
taxlaw-8367	363	9	,	,	PUNCT
taxlaw-8367	363	10	the	the	DET
taxlaw-8367	363	11	absence	absence	NOUN
taxlaw-8367	363	12	of	of	ADP
taxlaw-8367	363	13	an	an	DET
taxlaw-8367	363	14	intervening	intervene	VERB
taxlaw-8367	363	15	cash	cash	NOUN
taxlaw-8367	363	16	transaction	transaction	NOUN
taxlaw-8367	363	17	seems	seem	VERB
taxlaw-8367	363	18	beside	beside	ADP
taxlaw-8367	363	19	the	the	DET
taxlaw-8367	363	20	point	point	NOUN
taxlaw-8367	363	21	.	.	PUNCT
taxlaw-8367	364	1	in	in	ADP
taxlaw-8367	364	2	support	support	NOUN
taxlaw-8367	364	3	of	of	ADP
taxlaw-8367	364	4	his	his	PRON
taxlaw-8367	364	5	argument	argument	NOUN
taxlaw-8367	364	6	,	,	PUNCT
taxlaw-8367	364	7	polito	polito	PROPN
taxlaw-8367	364	8	cites	cite	VERB
taxlaw-8367	364	9	to	to	ADP
taxlaw-8367	364	10	cases	case	NOUN
taxlaw-8367	364	11	involving	involve	VERB
taxlaw-8367	364	12	promissory	promissory	ADJ
taxlaw-8367	364	13	notes	note	NOUN
taxlaw-8367	364	14	in	in	ADP
taxlaw-8367	364	15	which	which	PRON
taxlaw-8367	364	16	the	the	DET
taxlaw-8367	364	17	putative	putative	ADJ
taxlaw-8367	364	18	borrower	borrower	NOUN
taxlaw-8367	364	19	received	receive	VERB
taxlaw-8367	364	20	no	no	DET
taxlaw-8367	364	21	value	value	NOUN
taxlaw-8367	364	22	for	for	ADP
taxlaw-8367	364	23	the	the	DET
taxlaw-8367	364	24	note	note	NOUN
taxlaw-8367	364	25	.	.	PUNCT
taxlaw-8367	365	1	see	see	VERB
taxlaw-8367	365	2	i	i	PRON
taxlaw-8367	365	3	d.	d.	PROPN
taxlaw-8367	365	4	at	at	ADP
taxlaw-8367	365	5	629	629	NUM
taxlaw-8367	365	6	n.45	n.45	NOUN
taxlaw-8367	365	7	.	.	PUNCT
taxlaw-8367	366	1	in	in	ADP
taxlaw-8367	366	2	those	those	DET
taxlaw-8367	366	3	cases	case	NOUN
taxlaw-8367	366	4	,	,	PUNCT
taxlaw-8367	366	5	there	there	PRON
taxlaw-8367	366	6	was	be	VERB
taxlaw-8367	366	7	a	a	DET
taxlaw-8367	366	8	substantial	substantial	ADJ
taxlaw-8367	366	9	question	question	NOUN
taxlaw-8367	366	10	of	of	ADP
taxlaw-8367	366	11	whether	whether	SCONJ
taxlaw-8367	366	12	the	the	DET
taxlaw-8367	366	13	debt	debt	NOUN
taxlaw-8367	366	14	was	be	AUX
taxlaw-8367	366	15	genuine	genuine	ADJ
taxlaw-8367	366	16	.	.	PUNCT
taxlaw-8367	367	1	78	78	NUM
taxlaw-8367	367	2	shaviro	shaviro	NOUN
taxlaw-8367	367	3	,	,	PUNCT
taxlaw-8367	367	4	supra	supra	PROPN
taxlaw-8367	367	5	note	note	NOUN
taxlaw-8367	367	6	1	1	NUM
taxlaw-8367	367	7	,	,	PUNCT
taxlaw-8367	367	8	at	at	ADP
taxlaw-8367	367	9	407	407	NUM
taxlaw-8367	367	10	.	.	PUNCT
taxlaw-8367	367	11	79	79	NUM
taxlaw-8367	367	12	see	see	VERB
taxlaw-8367	367	13	i.r.c	i.r.c	NOUN
taxlaw-8367	367	14	.	.	PUNCT
taxlaw-8367	368	1	§	§	PROPN
taxlaw-8367	368	2	61(a)(12	61(a)(12	NUM
taxlaw-8367	368	3	)	)	PUNCT
taxlaw-8367	368	4	.	.	PUNCT
taxlaw-8367	369	1	80	80	NUM
taxlaw-8367	369	2	see	see	VERB
taxlaw-8367	369	3	i.r.c	i.r.c	NOUN
taxlaw-8367	369	4	.	.	PUNCT
taxlaw-8367	370	1	§	§	PROPN
taxlaw-8367	370	2	108	108	NUM
taxlaw-8367	370	3	.	.	PUNCT
taxlaw-8367	370	4	81	81	NUM
taxlaw-8367	370	5	see	see	VERB
taxlaw-8367	370	6	bittker	bittker	NOUN
taxlaw-8367	370	7	&	&	CCONJ
taxlaw-8367	370	8	lokken	lokken	PROPN
taxlaw-8367	370	9	,	,	PUNCT
taxlaw-8367	370	10	supra	supra	PROPN
taxlaw-8367	370	11	note	note	NOUN
taxlaw-8367	370	12	3	3	NUM
taxlaw-8367	370	13	,	,	PUNCT
taxlaw-8367	370	14	at	at	ADP
taxlaw-8367	370	15	¶	¶	PROPN
taxlaw-8367	370	16	7.1	7.1	NUM
taxlaw-8367	370	17	.	.	PUNCT
taxlaw-8367	371	1	for	for	ADP
taxlaw-8367	371	2	a	a	DET
taxlaw-8367	371	3	history	history	NOUN
taxlaw-8367	371	4	of	of	ADP
taxlaw-8367	371	5	the	the	DET
taxlaw-8367	371	6	tax	tax	NOUN
taxlaw-8367	371	7	treatment	treatment	NOUN
taxlaw-8367	371	8	of	of	ADP
taxlaw-8367	371	9	doi	doi	NOUN
taxlaw-8367	371	10	income	income	NOUN
taxlaw-8367	371	11	,	,	PUNCT
taxlaw-8367	371	12	see	see	VERB
taxlaw-8367	371	13	mcmahon	mcmahon	PROPN
taxlaw-8367	371	14	&	&	CCONJ
taxlaw-8367	371	15	simmons	simmons	PROPN
taxlaw-8367	371	16	,	,	PUNCT
taxlaw-8367	371	17	supra	supra	PROPN
taxlaw-8367	371	18	note	note	NOUN
taxlaw-8367	371	19	1	1	NUM
taxlaw-8367	371	20	,	,	PUNCT
taxlaw-8367	371	21	at	at	ADP
taxlaw-8367	371	22	417	417	NUM
taxlaw-8367	371	23	-	-	SYM
taxlaw-8367	371	24	25	25	NUM
taxlaw-8367	371	25	.	.	PUNCT
taxlaw-8367	372	1	82	82	NUM
taxlaw-8367	372	2	see	see	VERB
taxlaw-8367	372	3	u.s	u.s	PROPN
taxlaw-8367	372	4	v.	v.	PROPN
taxlaw-8367	372	5	kirby	kirby	PROPN
taxlaw-8367	372	6	lumber	lumber	PROPN
taxlaw-8367	372	7	,	,	PUNCT
taxlaw-8367	372	8	co.	co.	PROPN
taxlaw-8367	372	9	,	,	PUNCT
taxlaw-8367	372	10	284	284	NUM
taxlaw-8367	372	11	u.s	u.s	PROPN
taxlaw-8367	372	12	.	.	PROPN
taxlaw-8367	372	13	1	1	NUM
taxlaw-8367	372	14	,	,	PUNCT
taxlaw-8367	372	15	3	3	NUM
taxlaw-8367	372	16	(	(	PUNCT
taxlaw-8367	372	17	1931	1931	NUM
taxlaw-8367	372	18	)	)	PUNCT
taxlaw-8367	372	19	.	.	PUNCT
taxlaw-8367	373	1	83	83	NUM
taxlaw-8367	373	2	see	see	VERB
taxlaw-8367	373	3	,	,	PUNCT
taxlaw-8367	373	4	e.g.	e.g.	ADV
taxlaw-8367	373	5	,	,	PUNCT
taxlaw-8367	373	6	bowers	bower	NOUN
taxlaw-8367	373	7	v.	v.	ADP
taxlaw-8367	373	8	kerbaugh	kerbaugh	PROPN
taxlaw-8367	373	9	-	-	PUNCT
taxlaw-8367	373	10	empire	empire	PROPN
taxlaw-8367	373	11	co.	co.	PROPN
taxlaw-8367	373	12	,	,	PUNCT
taxlaw-8367	373	13	271	271	NUM
taxlaw-8367	373	14	u.s	u.s	PROPN
taxlaw-8367	373	15	.	.	PROPN
taxlaw-8367	373	16	170	170	NUM
taxlaw-8367	373	17	(	(	PUNCT
taxlaw-8367	373	18	1926	1926	NUM
taxlaw-8367	373	19	)	)	PUNCT
taxlaw-8367	373	20	(	(	PUNCT
taxlaw-8367	373	21	no	no	DET
taxlaw-8367	373	22	doi	doi	NOUN
taxlaw-8367	373	23	income	income	NOUN
taxlaw-8367	373	24	when	when	SCONJ
taxlaw-8367	373	25	overall	overall	ADJ
taxlaw-8367	373	26	transaction	transaction	NOUN
taxlaw-8367	373	27	of	of	ADP
taxlaw-8367	373	28	which	which	DET
taxlaw-8367	373	29	borrowing	borrowing	NOUN
taxlaw-8367	373	30	was	be	AUX
taxlaw-8367	373	31	a	a	DET
taxlaw-8367	373	32	part	part	NOUN
taxlaw-8367	373	33	generated	generate	VERB
taxlaw-8367	373	34	a	a	DET
taxlaw-8367	373	35	loss	loss	NOUN
taxlaw-8367	373	36	to	to	ADP
taxlaw-8367	373	37	the	the	DET
taxlaw-8367	373	38	taxpayer	taxpayer	NOUN
taxlaw-8367	373	39	)	)	PUNCT
taxlaw-8367	373	40	.	.	PUNCT
taxlaw-8367	374	1	84	84	NUM
taxlaw-8367	375	1	the	the	DET
taxlaw-8367	375	2	leading	lead	VERB
taxlaw-8367	375	3	cases	case	NOUN
taxlaw-8367	375	4	are	be	AUX
taxlaw-8367	375	5	crane	crane	NOUN
taxlaw-8367	375	6	v.	v.	ADP
taxlaw-8367	375	7	commissioner	commissioner	PROPN
taxlaw-8367	375	8	,	,	PUNCT
taxlaw-8367	375	9	331	331	NUM
taxlaw-8367	375	10	u.s	u.s	PROPN
taxlaw-8367	375	11	.	.	PROPN
taxlaw-8367	375	12	1	1	NUM
taxlaw-8367	375	13	(	(	PUNCT
taxlaw-8367	375	14	1940	1940	NUM
taxlaw-8367	375	15	)	)	PUNCT
taxlaw-8367	375	16	,	,	PUNCT
taxlaw-8367	375	17	and	and	CCONJ
taxlaw-8367	375	18	commissioner	commissioner	NOUN
taxlaw-8367	375	19	v.	v.	ADP
taxlaw-8367	375	20	tufts	tuft	NOUN
taxlaw-8367	375	21	,	,	PUNCT
taxlaw-8367	375	22	461	461	NUM
taxlaw-8367	375	23	u.s	u.s	PROPN
taxlaw-8367	375	24	.	.	PROPN
taxlaw-8367	375	25	300	300	NUM
taxlaw-8367	375	26	,	,	PUNCT
taxlaw-8367	375	27	309	309	NUM
taxlaw-8367	375	28	-	-	SYM
taxlaw-8367	375	29	10	10	NUM
taxlaw-8367	375	30	(	(	PUNCT
taxlaw-8367	375	31	1983	1983	NUM
taxlaw-8367	375	32	)	)	PUNCT
taxlaw-8367	375	33	(	(	PUNCT
taxlaw-8367	375	34	“	"	PUNCT
taxlaw-8367	375	35	[	[	X
taxlaw-8367	375	36	the	the	DET
taxlaw-8367	375	37	tax	tax	NOUN
taxlaw-8367	375	38	benefit	benefit	NOUN
taxlaw-8367	375	39	]	]	PUNCT
taxlaw-8367	375	40	treatment	treatment	NOUN
taxlaw-8367	375	41	balances	balance	VERB
taxlaw-8367	375	42	the	the	DET
taxlaw-8367	375	43	fact	fact	NOUN
taxlaw-8367	375	44	that	that	SCONJ
taxlaw-8367	375	45	the	the	DET
taxlaw-8367	375	46	mortgagor	mortgagor	NOUN
taxlaw-8367	375	47	originally	originally	ADV
taxlaw-8367	375	48	received	receive	VERB
taxlaw-8367	375	49	the	the	DET
taxlaw-8367	375	50	proceeds	proceed	NOUN
taxlaw-8367	375	51	of	of	ADP
taxlaw-8367	375	52	the	the	DET
taxlaw-8367	375	53	nonrecourse	nonrecourse	NOUN
taxlaw-8367	375	54	loan	loan	NOUN
taxlaw-8367	375	55	tax	tax	NOUN
taxlaw-8367	375	56	-	-	PUNCT
taxlaw-8367	375	57	free	free	ADJ
taxlaw-8367	375	58	on	on	ADP
taxlaw-8367	375	59	the	the	DET
taxlaw-8367	375	60	same	same	ADJ
taxlaw-8367	375	61	assumption	assumption	NOUN
taxlaw-8367	375	62	.	.	PUNCT
taxlaw-8367	376	1	unless	unless	SCONJ
taxlaw-8367	376	2	the	the	DET
taxlaw-8367	376	3	outstanding	outstanding	ADJ
taxlaw-8367	376	4	amount	amount	NOUN
taxlaw-8367	376	5	of	of	ADP
taxlaw-8367	376	6	the	the	DET
taxlaw-8367	376	7	mortgage	mortgage	NOUN
taxlaw-8367	376	8	is	be	AUX
taxlaw-8367	376	9	deemed	deem	VERB
taxlaw-8367	376	10	to	to	PART
taxlaw-8367	376	11	be	be	AUX
taxlaw-8367	376	12	realized	realize	VERB
taxlaw-8367	376	13	,	,	PUNCT
taxlaw-8367	376	14	the	the	DET
taxlaw-8367	376	15	mortgagor	mortgagor	NOUN
taxlaw-8367	376	16	effectively	effectively	ADV
taxlaw-8367	376	17	will	will	AUX
taxlaw-8367	376	18	have	have	AUX
taxlaw-8367	376	19	received	receive	VERB
taxlaw-8367	376	20	untaxed	untaxed	ADJ
taxlaw-8367	376	21	income	income	NOUN
taxlaw-8367	376	22	at	at	ADP
taxlaw-8367	376	23	the	the	DET
taxlaw-8367	376	24	time	time	NOUN
taxlaw-8367	376	25	the	the	DET
taxlaw-8367	376	26	loan	loan	NOUN
taxlaw-8367	376	27	was	be	AUX
taxlaw-8367	376	28	extended	extend	VERB
taxlaw-8367	376	29	and	and	CCONJ
taxlaw-8367	376	30	will	will	AUX
taxlaw-8367	376	31	have	have	AUX
taxlaw-8367	376	32	received	receive	VERB
taxlaw-8367	376	33	an	an	DET
taxlaw-8367	376	34	unwarranted	unwarranted	ADJ
taxlaw-8367	376	35	increase	increase	NOUN
taxlaw-8367	376	36	in	in	ADP
taxlaw-8367	376	37	the	the	DET
taxlaw-8367	376	38	basis	basis	NOUN
taxlaw-8367	376	39	of	of	ADP
taxlaw-8367	376	40	his	his	PRON
taxlaw-8367	376	41	property	property	NOUN
taxlaw-8367	376	42	.	.	PUNCT
taxlaw-8367	376	43	”	"	PUNCT
taxlaw-8367	376	44	)	)	PUNCT
taxlaw-8367	376	45	.	.	PUNCT
taxlaw-8367	377	1	see	see	VERB
taxlaw-8367	377	2	also	also	ADV
taxlaw-8367	377	3	vukasovich	vukasovich	PROPN
taxlaw-8367	377	4	,	,	PUNCT
taxlaw-8367	377	5	inc	inc	PROPN
taxlaw-8367	377	6	.	.	PROPN
taxlaw-8367	378	1	v.	v.	ADP
taxlaw-8367	378	2	comm’r	comm’r	NOUN
taxlaw-8367	378	3	,	,	PUNCT
taxlaw-8367	378	4	790	790	NUM
taxlaw-8367	378	5	f.2d	f.2d	NOUN
taxlaw-8367	378	6	1409	1409	NUM
taxlaw-8367	378	7	,	,	PUNCT
taxlaw-8367	378	8	1415	1415	NUM
taxlaw-8367	378	9	(	(	PUNCT
taxlaw-8367	378	10	9th	9th	ADJ
taxlaw-8367	378	11	cir	cir	NOUN
taxlaw-8367	378	12	.	.	PROPN
taxlaw-8367	378	13	1986	1986	NUM
taxlaw-8367	378	14	)	)	PUNCT
taxlaw-8367	378	15	(	(	PUNCT
taxlaw-8367	378	16	“	"	PUNCT
taxlaw-8367	378	17	we	we	PRON
taxlaw-8367	378	18	have	have	VERB
taxlaw-8367	378	19	no	no	DET
taxlaw-8367	378	20	doubt	doubt	NOUN
taxlaw-8367	378	21	that	that	SCONJ
taxlaw-8367	378	22	an	an	DET
taxlaw-8367	378	23	increase	increase	NOUN
taxlaw-8367	378	24	in	in	ADP
taxlaw-8367	378	25	wealth	wealth	NOUN
taxlaw-8367	378	26	from	from	ADP
taxlaw-8367	378	27	the	the	DET
taxlaw-8367	378	28	cancellation	cancellation	NOUN
taxlaw-8367	378	29	of	of	ADP
taxlaw-8367	378	30	indebtedness	indebtedness	NOUN
taxlaw-8367	378	31	is	be	AUX
taxlaw-8367	378	32	taxable	taxable	ADJ
taxlaw-8367	378	33	where	where	SCONJ
taxlaw-8367	378	34	the	the	DET
taxlaw-8367	378	35	taxpayer	taxpayer	NOUN
taxlaw-8367	378	36	received	receive	VERB
taxlaw-8367	378	37	something	something	PRON
taxlaw-8367	378	38	of	of	ADP
taxlaw-8367	378	39	value	value	NOUN
taxlaw-8367	378	40	in	in	ADP
taxlaw-8367	378	41	exchange	exchange	NOUN
taxlaw-8367	378	42	for	for	ADP
taxlaw-8367	378	43	the	the	DET
taxlaw-8367	378	44	indebtedness	indebtedness	NOUN
taxlaw-8367	378	45	.	.	PUNCT
taxlaw-8367	378	46	”	"	PUNCT
taxlaw-8367	378	47	)	)	PUNCT
taxlaw-8367	378	48	;	;	PUNCT
taxlaw-8367	378	49	boris	boris	PROPN
taxlaw-8367	378	50	i.	i.	PROPN
taxlaw-8367	378	51	bittker	bittker	PROPN
taxlaw-8367	378	52	&	&	CCONJ
taxlaw-8367	378	53	barton	barton	PROPN
taxlaw-8367	378	54	h.	h.	PROPN
taxlaw-8367	378	55	thompson	thompson	PROPN
taxlaw-8367	378	56	,	,	PUNCT
taxlaw-8367	378	57	jr	jr	PROPN
taxlaw-8367	378	58	.	.	PROPN
taxlaw-8367	378	59	,	,	PUNCT
taxlaw-8367	378	60	income	income	NOUN
taxlaw-8367	378	61	from	from	ADP
taxlaw-8367	378	62	the	the	DET
taxlaw-8367	378	63	discharge	discharge	NOUN
taxlaw-8367	378	64	of	of	ADP
taxlaw-8367	378	65	indebtedness	indebtedness	NOUN
taxlaw-8367	378	66	:	:	PUNCT
taxlaw-8367	378	67	the	the	DET
taxlaw-8367	378	68	progeny	progeny	NOUN
taxlaw-8367	378	69	of	of	ADP
taxlaw-8367	378	70	united	united	PROPN
taxlaw-8367	378	71	states	states	PROPN
taxlaw-8367	378	72	v.	v.	PROPN
taxlaw-8367	378	73	kirby	kirby	PROPN
taxlaw-8367	378	74	lumber	lumber	PROPN
taxlaw-8367	378	75	co.	co.	PROPN
taxlaw-8367	378	76	,	,	PUNCT
taxlaw-8367	378	77	66	66	NUM
taxlaw-8367	378	78	cal	cal	NOUN
taxlaw-8367	378	79	.	.	PUNCT
taxlaw-8367	379	1	l.	l.	PROPN
taxlaw-8367	379	2	rev	rev	PROPN
taxlaw-8367	379	3	.	.	PROPN
taxlaw-8367	379	4	1159	1159	NUM
taxlaw-8367	379	5	(	(	PUNCT
taxlaw-8367	379	6	1978	1978	NUM
taxlaw-8367	379	7	)	)	PUNCT
taxlaw-8367	379	8	.	.	PUNCT
taxlaw-8367	380	1	2021	2021	NUM
taxlaw-8367	380	2	]	]	PUNCT
taxlaw-8367	380	3	debt	debt	NOUN
taxlaw-8367	380	4	and	and	CCONJ
taxlaw-8367	380	5	taxes	taxis	NOUN
taxlaw-8367	380	6	103	103	NUM
taxlaw-8367	380	7	inconsistent	inconsistent	NOUN
taxlaw-8367	380	8	”	"	PUNCT
taxlaw-8367	380	9	with	with	ADP
taxlaw-8367	380	10	the	the	DET
taxlaw-8367	380	11	basis	basis	NOUN
taxlaw-8367	380	12	upon	upon	SCONJ
taxlaw-8367	380	13	which	which	PRON
taxlaw-8367	380	14	the	the	DET
taxlaw-8367	380	15	taxpayer	taxpayer	NOUN
taxlaw-8367	380	16	claimed	claim	VERB
taxlaw-8367	380	17	a	a	DET
taxlaw-8367	380	18	tax	tax	NOUN
taxlaw-8367	380	19	benefit	benefit	NOUN
taxlaw-8367	380	20	in	in	ADP
taxlaw-8367	380	21	an	an	DET
taxlaw-8367	380	22	earlier	early	ADJ
taxlaw-8367	380	23	period.85	period.85	NOUN
taxlaw-8367	380	24	for	for	ADP
taxlaw-8367	380	25	example	example	NOUN
taxlaw-8367	380	26	,	,	PUNCT
taxlaw-8367	380	27	a	a	DET
taxlaw-8367	380	28	taxpayer	taxpayer	NOUN
taxlaw-8367	380	29	might	might	AUX
taxlaw-8367	380	30	deduct	deduct	VERB
taxlaw-8367	380	31	the	the	DET
taxlaw-8367	380	32	cost	cost	NOUN
taxlaw-8367	380	33	of	of	ADP
taxlaw-8367	380	34	business	business	NOUN
taxlaw-8367	380	35	supplies	supply	NOUN
taxlaw-8367	380	36	in	in	ADP
taxlaw-8367	380	37	year	year	NOUN
taxlaw-8367	380	38	1	1	NUM
taxlaw-8367	380	39	,	,	PUNCT
taxlaw-8367	380	40	only	only	ADV
taxlaw-8367	380	41	to	to	PART
taxlaw-8367	380	42	go	go	VERB
taxlaw-8367	380	43	out	out	ADP
taxlaw-8367	380	44	of	of	ADP
taxlaw-8367	380	45	business	business	NOUN
taxlaw-8367	380	46	unexpectedly	unexpectedly	ADV
taxlaw-8367	380	47	in	in	ADP
taxlaw-8367	380	48	year	year	NOUN
taxlaw-8367	380	49	2	2	NUM
taxlaw-8367	380	50	before	before	SCONJ
taxlaw-8367	380	51	the	the	DET
taxlaw-8367	380	52	supplies	supply	NOUN
taxlaw-8367	380	53	were	be	AUX
taxlaw-8367	380	54	exhausted	exhaust	VERB
taxlaw-8367	380	55	.	.	PUNCT
taxlaw-8367	381	1	the	the	DET
taxlaw-8367	381	2	tbr	tbr	NOUN
taxlaw-8367	381	3	would	would	AUX
taxlaw-8367	381	4	generally	generally	ADV
taxlaw-8367	381	5	require	require	VERB
taxlaw-8367	381	6	inclusion	inclusion	NOUN
taxlaw-8367	381	7	of	of	ADP
taxlaw-8367	381	8	the	the	DET
taxlaw-8367	381	9	cost	cost	NOUN
taxlaw-8367	381	10	of	of	ADP
taxlaw-8367	381	11	the	the	DET
taxlaw-8367	381	12	unused	unused	ADJ
taxlaw-8367	381	13	supplies	supply	NOUN
taxlaw-8367	381	14	in	in	ADP
taxlaw-8367	381	15	year	year	NOUN
taxlaw-8367	381	16	2,86	2,86	NUM
taxlaw-8367	381	17	subject	subject	NOUN
taxlaw-8367	381	18	to	to	ADP
taxlaw-8367	381	19	a	a	DET
taxlaw-8367	381	20	limited	limited	ADJ
taxlaw-8367	381	21	statutory	statutory	ADJ
taxlaw-8367	381	22	exception.87	exception.87	VERB
taxlaw-8367	381	23	the	the	DET
taxlaw-8367	381	24	tbr	tbr	NOUN
taxlaw-8367	381	25	analogy	analogy	NOUN
taxlaw-8367	381	26	to	to	ADP
taxlaw-8367	381	27	the	the	DET
taxlaw-8367	381	28	loan	loan	NOUN
taxlaw-8367	381	29	proceeds	proceed	NOUN
taxlaw-8367	381	30	case	case	NOUN
taxlaw-8367	381	31	runs	run	VERB
taxlaw-8367	381	32	as	as	ADP
taxlaw-8367	381	33	follows.88	follows.88	PROPN
taxlaw-8367	381	34	non	non	ADJ
taxlaw-8367	381	35	-	-	NOUN
taxlaw-8367	381	36	inclusion	inclusion	NOUN
taxlaw-8367	381	37	of	of	ADP
taxlaw-8367	381	38	loan	loan	NOUN
taxlaw-8367	381	39	proceeds	proceed	NOUN
taxlaw-8367	381	40	when	when	SCONJ
taxlaw-8367	381	41	the	the	DET
taxlaw-8367	381	42	loan	loan	NOUN
taxlaw-8367	381	43	is	be	AUX
taxlaw-8367	381	44	extended	extend	VERB
taxlaw-8367	381	45	constitutes	constitute	VERB
taxlaw-8367	381	46	a	a	DET
taxlaw-8367	381	47	tax	tax	NOUN
taxlaw-8367	381	48	benefit	benefit	NOUN
taxlaw-8367	381	49	to	to	ADP
taxlaw-8367	381	50	the	the	DET
taxlaw-8367	381	51	borrower	borrower	NOUN
taxlaw-8367	381	52	that	that	PRON
taxlaw-8367	381	53	rests	rest	VERB
taxlaw-8367	381	54	on	on	ADP
taxlaw-8367	381	55	the	the	DET
taxlaw-8367	381	56	assumption	assumption	NOUN
taxlaw-8367	381	57	that	that	SCONJ
taxlaw-8367	381	58	the	the	DET
taxlaw-8367	381	59	borrower	borrower	NOUN
taxlaw-8367	381	60	will	will	AUX
taxlaw-8367	381	61	repay	repay	VERB
taxlaw-8367	381	62	the	the	DET
taxlaw-8367	381	63	loan	loan	NOUN
taxlaw-8367	381	64	.	.	PUNCT
taxlaw-8367	382	1	if	if	SCONJ
taxlaw-8367	382	2	on	on	ADP
taxlaw-8367	382	3	the	the	DET
taxlaw-8367	382	4	loan	loan	NOUN
taxlaw-8367	382	5	date	date	NOUN
taxlaw-8367	382	6	that	that	PRON
taxlaw-8367	382	7	obligation	obligation	NOUN
taxlaw-8367	382	8	had	have	AUX
taxlaw-8367	382	9	not	not	PART
taxlaw-8367	382	10	existed	exist	VERB
taxlaw-8367	382	11	,	,	PUNCT
taxlaw-8367	382	12	so	so	CCONJ
taxlaw-8367	382	13	the	the	DET
taxlaw-8367	382	14	argument	argument	NOUN
taxlaw-8367	382	15	runs	run	VERB
taxlaw-8367	382	16	,	,	PUNCT
taxlaw-8367	382	17	then	then	ADV
taxlaw-8367	382	18	receipt	receipt	NOUN
taxlaw-8367	382	19	of	of	ADP
taxlaw-8367	382	20	the	the	DET
taxlaw-8367	382	21	loan	loan	NOUN
taxlaw-8367	382	22	proceeds	proceed	NOUN
taxlaw-8367	382	23	would	would	AUX
taxlaw-8367	382	24	have	have	AUX
taxlaw-8367	382	25	been	be	AUX
taxlaw-8367	382	26	taxable	taxable	ADJ
taxlaw-8367	382	27	as	as	ADP
taxlaw-8367	382	28	a	a	DET
taxlaw-8367	382	29	simple	simple	ADJ
taxlaw-8367	382	30	accession	accession	NOUN
taxlaw-8367	382	31	to	to	ADP
taxlaw-8367	382	32	wealth	wealth	NOUN
taxlaw-8367	382	33	.	.	PUNCT
taxlaw-8367	383	1	in	in	ADP
taxlaw-8367	383	2	the	the	DET
taxlaw-8367	383	3	doi	doi	NOUN
taxlaw-8367	383	4	case	case	NOUN
taxlaw-8367	383	5	,	,	PUNCT
taxlaw-8367	383	6	the	the	DET
taxlaw-8367	383	7	repayment	repayment	NOUN
taxlaw-8367	383	8	assumption	assumption	NOUN
taxlaw-8367	383	9	is	be	AUX
taxlaw-8367	383	10	in	in	ADP
taxlaw-8367	383	11	fact	fact	NOUN
taxlaw-8367	383	12	false	false	ADJ
taxlaw-8367	383	13	,	,	PUNCT
taxlaw-8367	383	14	but	but	CCONJ
taxlaw-8367	383	15	that	that	PRON
taxlaw-8367	383	16	is	be	AUX
taxlaw-8367	383	17	not	not	PART
taxlaw-8367	383	18	known	know	VERB
taxlaw-8367	383	19	until	until	ADP
taxlaw-8367	383	20	a	a	DET
taxlaw-8367	383	21	later	later	ADJ
taxlaw-8367	383	22	period	period	NOUN
taxlaw-8367	383	23	,	,	PUNCT
taxlaw-8367	383	24	when	when	SCONJ
taxlaw-8367	383	25	the	the	DET
taxlaw-8367	383	26	borrower	borrower	NOUN
taxlaw-8367	383	27	defaults	default	VERB
taxlaw-8367	383	28	.	.	PUNCT
taxlaw-8367	384	1	since	since	SCONJ
taxlaw-8367	384	2	the	the	DET
taxlaw-8367	384	3	only	only	ADJ
taxlaw-8367	384	4	difference	difference	NOUN
taxlaw-8367	384	5	(	(	PUNCT
taxlaw-8367	384	6	again	again	ADV
taxlaw-8367	384	7	,	,	PUNCT
taxlaw-8367	384	8	as	as	SCONJ
taxlaw-8367	384	9	the	the	DET
taxlaw-8367	384	10	argument	argument	NOUN
taxlaw-8367	384	11	runs	run	VERB
taxlaw-8367	384	12	)	)	PUNCT
taxlaw-8367	384	13	between	between	ADP
taxlaw-8367	384	14	a	a	DET
taxlaw-8367	384	15	taxable	taxable	ADJ
taxlaw-8367	384	16	transfer	transfer	NOUN
taxlaw-8367	384	17	in	in	ADP
taxlaw-8367	384	18	the	the	DET
taxlaw-8367	384	19	year	year	NOUN
taxlaw-8367	384	20	the	the	DET
taxlaw-8367	384	21	putative	putative	ADJ
taxlaw-8367	384	22	loan	loan	NOUN
taxlaw-8367	384	23	is	be	AUX
taxlaw-8367	384	24	made	make	VERB
taxlaw-8367	384	25	and	and	CCONJ
taxlaw-8367	384	26	the	the	DET
taxlaw-8367	384	27	actual	actual	ADJ
taxlaw-8367	384	28	doi	doi	NOUN
taxlaw-8367	384	29	case	case	NOUN
taxlaw-8367	384	30	is	be	AUX
taxlaw-8367	384	31	that	that	SCONJ
taxlaw-8367	384	32	the	the	DET
taxlaw-8367	384	33	obligation	obligation	NOUN
taxlaw-8367	384	34	is	be	AUX
taxlaw-8367	384	35	canceled	cancel	VERB
taxlaw-8367	384	36	in	in	ADP
taxlaw-8367	384	37	a	a	DET
taxlaw-8367	384	38	later	later	ADJ
taxlaw-8367	384	39	period	period	NOUN
taxlaw-8367	384	40	,	,	PUNCT
taxlaw-8367	384	41	inclusion	inclusion	NOUN
taxlaw-8367	384	42	of	of	ADP
taxlaw-8367	384	43	loan	loan	NOUN
taxlaw-8367	384	44	proceeds	proceed	NOUN
taxlaw-8367	384	45	in	in	ADP
taxlaw-8367	384	46	that	that	DET
taxlaw-8367	384	47	period	period	NOUN
taxlaw-8367	384	48	is	be	AUX
taxlaw-8367	384	49	said	say	VERB
taxlaw-8367	384	50	to	to	PART
taxlaw-8367	384	51	be	be	AUX
taxlaw-8367	384	52	necessary	necessary	ADJ
taxlaw-8367	384	53	as	as	ADP
taxlaw-8367	384	54	a	a	DET
taxlaw-8367	384	55	means	means	NOUN
taxlaw-8367	384	56	to	to	PART
taxlaw-8367	384	57	correct	correct	VERB
taxlaw-8367	384	58	the	the	DET
taxlaw-8367	384	59	earlier	early	ADJ
taxlaw-8367	384	60	mistake	mistake	NOUN
taxlaw-8367	384	61	—	—	PUNCT
taxlaw-8367	384	62	that	that	ADV
taxlaw-8367	384	63	is	is	ADV
taxlaw-8367	384	64	,	,	PUNCT
taxlaw-8367	384	65	to	to	PART
taxlaw-8367	384	66	reverse	reverse	VERB
taxlaw-8367	384	67	the	the	DET
taxlaw-8367	384	68	untoward	untoward	ADJ
taxlaw-8367	384	69	tax	tax	NOUN
taxlaw-8367	384	70	benefit.89	benefit.89	NOUN
taxlaw-8367	384	71	put	put	VERB
taxlaw-8367	384	72	otherwise	otherwise	ADV
taxlaw-8367	384	73	,	,	PUNCT
taxlaw-8367	384	74	the	the	DET
taxlaw-8367	384	75	fact	fact	NOUN
taxlaw-8367	384	76	that	that	SCONJ
taxlaw-8367	384	77	the	the	DET
taxlaw-8367	384	78	assumption	assumption	NOUN
taxlaw-8367	384	79	of	of	ADP
taxlaw-8367	384	80	repayment	repayment	NOUN
taxlaw-8367	384	81	turns	turn	VERB
taxlaw-8367	384	82	out	out	ADP
taxlaw-8367	384	83	to	to	PART
taxlaw-8367	384	84	be	be	AUX
taxlaw-8367	384	85	incorrect	incorrect	ADJ
taxlaw-8367	384	86	after	after	SCONJ
taxlaw-8367	384	87	the	the	DET
taxlaw-8367	384	88	loan	loan	NOUN
taxlaw-8367	384	89	is	be	AUX
taxlaw-8367	384	90	extended	extend	VERB
taxlaw-8367	384	91	rather	rather	ADV
taxlaw-8367	384	92	than	than	ADP
taxlaw-8367	384	93	contemporaneously	contemporaneously	ADV
taxlaw-8367	384	94	with	with	ADP
taxlaw-8367	384	95	it	it	PRON
taxlaw-8367	384	96	seems	seem	VERB
taxlaw-8367	384	97	to	to	PART
taxlaw-8367	384	98	be	be	AUX
taxlaw-8367	384	99	an	an	DET
taxlaw-8367	384	100	arbitrary	arbitrary	ADJ
taxlaw-8367	384	101	basis	basis	NOUN
taxlaw-8367	384	102	to	to	PART
taxlaw-8367	384	103	treat	treat	VERB
taxlaw-8367	384	104	the	the	DET
taxlaw-8367	384	105	two	two	NUM
taxlaw-8367	384	106	cases	case	NOUN
taxlaw-8367	384	107	differently	differently	ADV
taxlaw-8367	384	108	.	.	PUNCT
taxlaw-8367	385	1	in	in	ADP
taxlaw-8367	385	2	both	both	PRON
taxlaw-8367	385	3	,	,	PUNCT
taxlaw-8367	385	4	the	the	DET
taxlaw-8367	385	5	taxpayer	taxpayer	NOUN
taxlaw-8367	385	6	accedes	accede	VERB
taxlaw-8367	385	7	to	to	ADP
taxlaw-8367	385	8	wealth	wealth	NOUN
taxlaw-8367	385	9	.	.	PUNCT
taxlaw-8367	386	1	“	"	PUNCT
taxlaw-8367	386	2	[	[	X
taxlaw-8367	386	3	t]ransactional	t]ransactional	PROPN
taxlaw-8367	386	4	parity	parity	NOUN
taxlaw-8367	386	5	”	"	PUNCT
taxlaw-8367	386	6	therefore	therefore	ADV
taxlaw-8367	386	7	demands	demand	VERB
taxlaw-8367	386	8	an	an	DET
taxlaw-8367	386	9	inclusion	inclusion	NOUN
taxlaw-8367	386	10	in	in	ADP
taxlaw-8367	386	11	the	the	DET
taxlaw-8367	386	12	discharge	discharge	NOUN
taxlaw-8367	386	13	year.90	year.90	ADV
taxlaw-8367	386	14	the	the	DET
taxlaw-8367	386	15	loan	loan	NOUN
taxlaw-8367	386	16	discharge	discharge	NOUN
taxlaw-8367	386	17	case	case	NOUN
taxlaw-8367	386	18	bears	bear	VERB
taxlaw-8367	386	19	obvious	obvious	ADJ
taxlaw-8367	386	20	similarities	similarity	NOUN
taxlaw-8367	386	21	to	to	ADP
taxlaw-8367	386	22	the	the	DET
taxlaw-8367	386	23	tbr	tbr	NOUN
taxlaw-8367	386	24	.	.	PUNCT
taxlaw-8367	387	1	as	as	ADP
taxlaw-8367	387	2	in	in	ADP
taxlaw-8367	387	3	the	the	DET
taxlaw-8367	387	4	usual	usual	ADJ
taxlaw-8367	387	5	tbr	tbr	NOUN
taxlaw-8367	387	6	case	case	NOUN
taxlaw-8367	387	7	,	,	PUNCT
taxlaw-8367	387	8	an	an	DET
taxlaw-8367	387	9	event	event	NOUN
taxlaw-8367	387	10	happens	happen	VERB
taxlaw-8367	387	11	in	in	ADP
taxlaw-8367	387	12	an	an	DET
taxlaw-8367	387	13	earlier	early	ADJ
taxlaw-8367	387	14	year	year	NOUN
taxlaw-8367	387	15	(	(	PUNCT
taxlaw-8367	387	16	the	the	DET
taxlaw-8367	387	17	borrowing	borrowing	NOUN
taxlaw-8367	387	18	transaction	transaction	NOUN
taxlaw-8367	387	19	)	)	PUNCT
taxlaw-8367	387	20	that	that	PRON
taxlaw-8367	387	21	appears	appear	VERB
taxlaw-8367	387	22	to	to	PART
taxlaw-8367	387	23	provide	provide	VERB
taxlaw-8367	387	24	a	a	DET
taxlaw-8367	387	25	tax	tax	NOUN
taxlaw-8367	387	26	benefit	benefit	NOUN
taxlaw-8367	387	27	(	(	PUNCT
taxlaw-8367	387	28	non	non	ADJ
taxlaw-8367	387	29	-	-	NOUN
taxlaw-8367	387	30	inclusion	inclusion	NOUN
taxlaw-8367	387	31	of	of	ADP
taxlaw-8367	387	32	loan	loan	NOUN
taxlaw-8367	387	33	proceeds	proceed	NOUN
taxlaw-8367	387	34	)	)	PUNCT
taxlaw-8367	387	35	,	,	PUNCT
taxlaw-8367	387	36	and	and	CCONJ
taxlaw-8367	387	37	that	that	DET
taxlaw-8367	387	38	benefit	benefit	NOUN
taxlaw-8367	387	39	is	be	AUX
taxlaw-8367	387	40	predicated	predicate	VERB
taxlaw-8367	387	41	on	on	ADP
taxlaw-8367	387	42	a	a	DET
taxlaw-8367	387	43	genuine	genuine	ADJ
taxlaw-8367	387	44	but	but	CCONJ
taxlaw-8367	387	45	ultimately	ultimately	ADV
taxlaw-8367	387	46	mistaken	mistake	VERB
taxlaw-8367	387	47	assumption	assumption	NOUN
taxlaw-8367	387	48	about	about	ADP
taxlaw-8367	387	49	what	what	PRON
taxlaw-8367	387	50	the	the	DET
taxlaw-8367	387	51	taxpayer	taxpayer	NOUN
taxlaw-8367	387	52	will	will	AUX
taxlaw-8367	387	53	do	do	AUX
taxlaw-8367	387	54	at	at	ADP
taxlaw-8367	387	55	a	a	DET
taxlaw-8367	387	56	future	future	ADJ
taxlaw-8367	387	57	date	date	NOUN
taxlaw-8367	387	58	(	(	PUNCT
taxlaw-8367	387	59	repayment	repayment	NOUN
taxlaw-8367	387	60	)	)	PUNCT
taxlaw-8367	387	61	at	at	ADP
taxlaw-8367	387	62	the	the	DET
taxlaw-8367	387	63	time	time	NOUN
taxlaw-8367	387	64	the	the	DET
taxlaw-8367	387	65	benefit	benefit	NOUN
taxlaw-8367	387	66	is	be	AUX
taxlaw-8367	387	67	claimed	claim	VERB
taxlaw-8367	387	68	.	.	PUNCT
taxlaw-8367	388	1	in	in	ADP
taxlaw-8367	388	2	further	further	ADJ
taxlaw-8367	388	3	analogy	analogy	NOUN
taxlaw-8367	388	4	to	to	ADP
taxlaw-8367	388	5	the	the	DET
taxlaw-8367	388	6	tbr	tbr	NOUN
taxlaw-8367	388	7	,	,	PUNCT
taxlaw-8367	388	8	in	in	ADP
taxlaw-8367	388	9	the	the	DET
taxlaw-8367	388	10	later	later	ADJ
taxlaw-8367	388	11	period	period	NOUN
taxlaw-8367	388	12	,	,	PUNCT
taxlaw-8367	388	13	when	when	SCONJ
taxlaw-8367	388	14	the	the	DET
taxlaw-8367	388	15	assumption	assumption	NOUN
taxlaw-8367	388	16	turns	turn	VERB
taxlaw-8367	388	17	out	out	ADP
taxlaw-8367	388	18	to	to	PART
taxlaw-8367	388	19	be	be	AUX
taxlaw-8367	388	20	incorrect	incorrect	ADJ
taxlaw-8367	388	21	,	,	PUNCT
taxlaw-8367	388	22	the	the	DET
taxlaw-8367	388	23	taxpayer	taxpayer	NOUN
taxlaw-8367	388	24	turns	turn	VERB
taxlaw-8367	388	25	out	out	ADP
taxlaw-8367	388	26	to	to	PART
taxlaw-8367	388	27	have	have	AUX
taxlaw-8367	388	28	obtained	obtain	VERB
taxlaw-8367	388	29	a	a	DET
taxlaw-8367	388	30	benefit	benefit	NOUN
taxlaw-8367	388	31	in	in	ADP
taxlaw-8367	388	32	the	the	DET
taxlaw-8367	388	33	earlier	early	ADJ
taxlaw-8367	388	34	period	period	NOUN
taxlaw-8367	388	35	to	to	ADP
taxlaw-8367	388	36	which	which	PRON
taxlaw-8367	388	37	she	she	PRON
taxlaw-8367	388	38	was	be	AUX
taxlaw-8367	388	39	not	not	PART
taxlaw-8367	388	40	entitled	entitle	VERB
taxlaw-8367	388	41	.	.	PUNCT
taxlaw-8367	389	1	consequently	consequently	ADV
taxlaw-8367	389	2	,	,	PUNCT
taxlaw-8367	389	3	a	a	DET
taxlaw-8367	389	4	corrective	corrective	ADJ
taxlaw-8367	389	5	inclusion	inclusion	NOUN
taxlaw-8367	389	6	is	be	AUX
taxlaw-8367	389	7	appropriate	appropriate	ADJ
taxlaw-8367	389	8	.	.	PUNCT
taxlaw-8367	390	1	one	one	NUM
taxlaw-8367	390	2	virtue	virtue	NOUN
taxlaw-8367	390	3	of	of	ADP
taxlaw-8367	390	4	the	the	DET
taxlaw-8367	390	5	tbr	tbr	NOUN
taxlaw-8367	390	6	rationale	rationale	NOUN
taxlaw-8367	390	7	is	be	AUX
taxlaw-8367	390	8	that	that	SCONJ
taxlaw-8367	390	9	it	it	PRON
taxlaw-8367	390	10	does	do	AUX
taxlaw-8367	390	11	not	not	PART
taxlaw-8367	390	12	tie	tie	VERB
taxlaw-8367	390	13	the	the	DET
taxlaw-8367	390	14	treatment	treatment	NOUN
taxlaw-8367	390	15	of	of	ADP
taxlaw-8367	390	16	the	the	DET
taxlaw-8367	390	17	debt	debt	NOUN
taxlaw-8367	390	18	discharge	discharge	NOUN
taxlaw-8367	390	19	to	to	ADP
taxlaw-8367	390	20	the	the	DET
taxlaw-8367	390	21	fate	fate	NOUN
taxlaw-8367	390	22	of	of	ADP
taxlaw-8367	390	23	the	the	DET
taxlaw-8367	390	24	loan	loan	NOUN
taxlaw-8367	390	25	proceeds.91	proceeds.91	NOUN
taxlaw-8367	390	26	as	as	SCONJ
taxlaw-8367	390	27	one	one	NUM
taxlaw-8367	390	28	prominent	prominent	ADJ
taxlaw-8367	390	29	commentary	commentary	NOUN
taxlaw-8367	390	30	has	have	AUX
taxlaw-8367	390	31	noted	note	VERB
taxlaw-8367	390	32	:	:	PUNCT
taxlaw-8367	390	33	85	85	NUM
taxlaw-8367	390	34	hillsboro	hillsboro	PROPN
taxlaw-8367	390	35	nat’l	nat’l	PROPN
taxlaw-8367	390	36	bank	bank	PROPN
taxlaw-8367	390	37	v.	v.	CCONJ
taxlaw-8367	390	38	comm’r	comm’r	NOUN
taxlaw-8367	390	39	,	,	PUNCT
taxlaw-8367	390	40	460	460	NUM
taxlaw-8367	390	41	u.s	u.s	PROPN
taxlaw-8367	390	42	.	.	PROPN
taxlaw-8367	390	43	370	370	NUM
taxlaw-8367	390	44	,	,	PUNCT
taxlaw-8367	390	45	372	372	NUM
taxlaw-8367	390	46	(	(	PUNCT
taxlaw-8367	390	47	1983	1983	NUM
taxlaw-8367	390	48	)	)	PUNCT
taxlaw-8367	390	49	.	.	PUNCT
taxlaw-8367	391	1	86	86	NUM
taxlaw-8367	391	2	see	see	VERB
taxlaw-8367	391	3	i	i	PRON
taxlaw-8367	391	4	d.	d.	PROPN
taxlaw-8367	391	5	at	at	ADP
taxlaw-8367	391	6	381	381	NUM
taxlaw-8367	391	7	-	-	SYM
taxlaw-8367	391	8	82	82	NUM
taxlaw-8367	391	9	.	.	PUNCT
taxlaw-8367	392	1	87	87	NUM
taxlaw-8367	392	2	section	section	NOUN
taxlaw-8367	392	3	111(a	111(a	NUM
taxlaw-8367	392	4	)	)	PUNCT
taxlaw-8367	392	5	permits	permit	VERB
taxlaw-8367	392	6	the	the	DET
taxlaw-8367	392	7	taxpayer	taxpayer	NOUN
taxlaw-8367	392	8	to	to	PART
taxlaw-8367	392	9	avoid	avoid	VERB
taxlaw-8367	392	10	an	an	DET
taxlaw-8367	392	11	inclusion	inclusion	NOUN
taxlaw-8367	392	12	under	under	ADP
taxlaw-8367	392	13	the	the	DET
taxlaw-8367	392	14	tbr	tbr	NOUN
taxlaw-8367	392	15	to	to	ADP
taxlaw-8367	392	16	the	the	DET
taxlaw-8367	392	17	extent	extent	NOUN
taxlaw-8367	392	18	that	that	SCONJ
taxlaw-8367	392	19	the	the	DET
taxlaw-8367	392	20	prior	prior	ADJ
taxlaw-8367	392	21	year	year	NOUN
taxlaw-8367	392	22	’s	’s	PART
taxlaw-8367	392	23	benefit	benefit	NOUN
taxlaw-8367	392	24	provided	provide	VERB
taxlaw-8367	392	25	no	no	DET
taxlaw-8367	392	26	actual	actual	ADJ
taxlaw-8367	392	27	tax	tax	NOUN
taxlaw-8367	392	28	benefit	benefit	NOUN
taxlaw-8367	392	29	.	.	PUNCT
taxlaw-8367	393	1	88	88	NUM
taxlaw-8367	393	2	see	see	VERB
taxlaw-8367	393	3	,	,	PUNCT
taxlaw-8367	393	4	e.g.	e.g.	ADV
taxlaw-8367	393	5	,	,	PUNCT
taxlaw-8367	393	6	bittker	bittker	NOUN
taxlaw-8367	393	7	&	&	CCONJ
taxlaw-8367	393	8	lokken	lokken	PROPN
taxlaw-8367	393	9	,	,	PUNCT
taxlaw-8367	393	10	supra	supra	PROPN
taxlaw-8367	393	11	note	note	NOUN
taxlaw-8367	393	12	3	3	NUM
taxlaw-8367	393	13	,	,	PUNCT
taxlaw-8367	393	14	at	at	ADP
taxlaw-8367	393	15	¶	¶	PROPN
taxlaw-8367	393	16	7.1	7.1	NUM
taxlaw-8367	393	17	(	(	PUNCT
taxlaw-8367	393	18	discussing	discuss	VERB
taxlaw-8367	393	19	the	the	DET
taxlaw-8367	393	20	tbr	tbr	NOUN
taxlaw-8367	393	21	analogy	analogy	NOUN
taxlaw-8367	393	22	)	)	PUNCT
taxlaw-8367	393	23	.	.	PUNCT
taxlaw-8367	394	1	89	89	NUM
taxlaw-8367	394	2	see	see	VERB
taxlaw-8367	394	3	hillsboro	hillsboro	PROPN
taxlaw-8367	394	4	,	,	PUNCT
taxlaw-8367	394	5	460	460	NUM
taxlaw-8367	394	6	u.s	u.s	PROPN
taxlaw-8367	394	7	.	.	PROPN
taxlaw-8367	394	8	at	at	ADP
taxlaw-8367	394	9	383	383	NUM
taxlaw-8367	394	10	(	(	PUNCT
taxlaw-8367	394	11	“	"	PUNCT
taxlaw-8367	394	12	the	the	DET
taxlaw-8367	394	13	basic	basic	ADJ
taxlaw-8367	394	14	purpose	purpose	NOUN
taxlaw-8367	394	15	of	of	ADP
taxlaw-8367	394	16	the	the	DET
taxlaw-8367	394	17	tax	tax	NOUN
taxlaw-8367	394	18	benefit	benefit	NOUN
taxlaw-8367	394	19	rule	rule	NOUN
taxlaw-8367	394	20	is	be	AUX
taxlaw-8367	394	21	to	to	PART
taxlaw-8367	394	22	achieve	achieve	VERB
taxlaw-8367	394	23	rough	rough	ADJ
taxlaw-8367	394	24	transactional	transactional	ADJ
taxlaw-8367	394	25	parity	parity	NOUN
taxlaw-8367	394	26	in	in	ADP
taxlaw-8367	394	27	tax	tax	NOUN
taxlaw-8367	394	28	,	,	PUNCT
taxlaw-8367	394	29	see	see	VERB
taxlaw-8367	394	30	n	n	PRON
taxlaw-8367	394	31	12	12	NUM
taxlaw-8367	394	32	,	,	PUNCT
taxlaw-8367	394	33	supra	supra	NOUN
taxlaw-8367	394	34	,	,	PUNCT
taxlaw-8367	394	35	and	and	CCONJ
taxlaw-8367	394	36	to	to	PART
taxlaw-8367	394	37	protect	protect	VERB
taxlaw-8367	394	38	the	the	DET
taxlaw-8367	394	39	government	government	NOUN
taxlaw-8367	394	40	and	and	CCONJ
taxlaw-8367	394	41	the	the	DET
taxlaw-8367	394	42	taxpayer	taxpayer	NOUN
taxlaw-8367	394	43	from	from	ADP
taxlaw-8367	394	44	the	the	DET
taxlaw-8367	394	45	adverse	adverse	ADJ
taxlaw-8367	394	46	effects	effect	NOUN
taxlaw-8367	394	47	of	of	ADP
taxlaw-8367	394	48	reporting	report	VERB
taxlaw-8367	394	49	a	a	DET
taxlaw-8367	394	50	transaction	transaction	NOUN
taxlaw-8367	394	51	on	on	ADP
taxlaw-8367	394	52	the	the	DET
taxlaw-8367	394	53	basis	basis	NOUN
taxlaw-8367	394	54	of	of	ADP
taxlaw-8367	394	55	assumptions	assumption	NOUN
taxlaw-8367	394	56	that	that	PRON
taxlaw-8367	394	57	an	an	DET
taxlaw-8367	394	58	event	event	NOUN
taxlaw-8367	394	59	in	in	ADP
taxlaw-8367	394	60	a	a	DET
taxlaw-8367	394	61	subsequent	subsequent	ADJ
taxlaw-8367	394	62	year	year	NOUN
taxlaw-8367	394	63	proves	prove	VERB
taxlaw-8367	394	64	to	to	PART
taxlaw-8367	394	65	have	have	AUX
taxlaw-8367	394	66	been	be	AUX
taxlaw-8367	394	67	erroneous	erroneous	ADJ
taxlaw-8367	394	68	.	.	PUNCT
taxlaw-8367	394	69	”	"	PUNCT
taxlaw-8367	394	70	)	)	PUNCT
taxlaw-8367	394	71	.	.	PUNCT
taxlaw-8367	395	1	see	see	VERB
taxlaw-8367	395	2	also	also	ADV
taxlaw-8367	395	3	mcmahon	mcmahon	PROPN
taxlaw-8367	395	4	&	&	CCONJ
taxlaw-8367	395	5	simmons	simmons	PROPN
taxlaw-8367	395	6	,	,	PUNCT
taxlaw-8367	395	7	supra	supra	PROPN
taxlaw-8367	395	8	note	note	NOUN
taxlaw-8367	395	9	1	1	NUM
taxlaw-8367	395	10	,	,	PUNCT
taxlaw-8367	395	11	at	at	ADP
taxlaw-8367	395	12	426	426	NUM
taxlaw-8367	395	13	(	(	PUNCT
taxlaw-8367	395	14	“	"	PUNCT
taxlaw-8367	395	15	[	[	X
taxlaw-8367	395	16	w]hen	w]hen	ADV
taxlaw-8367	395	17	the	the	DET
taxlaw-8367	395	18	debt	debt	NOUN
taxlaw-8367	395	19	is	be	AUX
taxlaw-8367	395	20	discharged	discharge	VERB
taxlaw-8367	395	21	,	,	PUNCT
taxlaw-8367	395	22	in	in	ADP
taxlaw-8367	395	23	whole	whole	NOUN
taxlaw-8367	395	24	or	or	CCONJ
taxlaw-8367	395	25	in	in	ADP
taxlaw-8367	395	26	part	part	NOUN
taxlaw-8367	395	27	,	,	PUNCT
taxlaw-8367	395	28	without	without	ADP
taxlaw-8367	395	29	payment	payment	NOUN
taxlaw-8367	395	30	,	,	PUNCT
taxlaw-8367	395	31	inclusion	inclusion	NOUN
taxlaw-8367	395	32	in	in	ADP
taxlaw-8367	395	33	gross	gross	ADJ
taxlaw-8367	395	34	income	income	NOUN
taxlaw-8367	395	35	of	of	ADP
taxlaw-8367	395	36	cancellation	cancellation	NOUN
taxlaw-8367	395	37	of	of	ADP
taxlaw-8367	395	38	debt	debt	NOUN
taxlaw-8367	395	39	income	income	NOUN
taxlaw-8367	395	40	is	be	AUX
taxlaw-8367	395	41	required	require	VERB
taxlaw-8367	395	42	to	to	PART
taxlaw-8367	395	43	offset	offset	VERB
taxlaw-8367	395	44	the	the	DET
taxlaw-8367	395	45	original	original	ADJ
taxlaw-8367	395	46	favorable	favorable	ADJ
taxlaw-8367	395	47	tax	tax	NOUN
taxlaw-8367	395	48	treatment	treatment	NOUN
taxlaw-8367	395	49	.	.	PUNCT
taxlaw-8367	395	50	”	"	PUNCT
taxlaw-8367	395	51	)	)	PUNCT
taxlaw-8367	395	52	.	.	PUNCT
taxlaw-8367	396	1	90	90	NUM
taxlaw-8367	396	2	hillsboro	hillsboro	PROPN
taxlaw-8367	396	3	,	,	PUNCT
taxlaw-8367	396	4	460	460	NUM
taxlaw-8367	396	5	u.s	u.s	PROPN
taxlaw-8367	396	6	.	.	PROPN
taxlaw-8367	396	7	at	at	ADP
taxlaw-8367	396	8	383	383	NUM
taxlaw-8367	396	9	.	.	PUNCT
taxlaw-8367	396	10	91	91	NUM
taxlaw-8367	396	11	see	see	VERB
taxlaw-8367	396	12	,	,	PUNCT
taxlaw-8367	396	13	e.g.	e.g.	ADV
taxlaw-8367	396	14	,	,	PUNCT
taxlaw-8367	396	15	bittker	bittker	NOUN
taxlaw-8367	396	16	&	&	CCONJ
taxlaw-8367	396	17	lokken	lokken	PROPN
taxlaw-8367	396	18	,	,	PUNCT
taxlaw-8367	396	19	supra	supra	PROPN
taxlaw-8367	396	20	note	note	NOUN
taxlaw-8367	396	21	3	3	NUM
taxlaw-8367	396	22	,	,	PUNCT
taxlaw-8367	396	23	at	at	ADP
taxlaw-8367	396	24	¶	¶	PROPN
taxlaw-8367	396	25	7.6	7.6	NUM
taxlaw-8367	396	26	(	(	PUNCT
taxlaw-8367	396	27	“	"	PUNCT
taxlaw-8367	396	28	income	income	NOUN
taxlaw-8367	396	29	from	from	ADP
taxlaw-8367	396	30	discharge	discharge	NOUN
taxlaw-8367	396	31	of	of	ADP
taxlaw-8367	396	32	indebtedness	indebtedness	NOUN
taxlaw-8367	396	33	should	should	AUX
taxlaw-8367	396	34	depend	depend	VERB
taxlaw-8367	396	35	not	not	PART
taxlaw-8367	396	36	on	on	ADP
taxlaw-8367	396	37	the	the	DET
taxlaw-8367	396	38	type	type	NOUN
taxlaw-8367	396	39	of	of	ADP
taxlaw-8367	396	40	debt	debt	NOUN
taxlaw-8367	396	41	,	,	PUNCT
taxlaw-8367	396	42	but	but	CCONJ
taxlaw-8367	396	43	only	only	ADV
taxlaw-8367	396	44	on	on	ADP
taxlaw-8367	396	45	the	the	DET
taxlaw-8367	396	46	spread	spread	NOUN
taxlaw-8367	396	47	between	between	ADP
taxlaw-8367	396	48	the	the	DET
taxlaw-8367	396	49	amount	amount	NOUN
taxlaw-8367	396	50	received	receive	VERB
taxlaw-8367	396	51	by	by	ADP
taxlaw-8367	396	52	the	the	DET
taxlaw-8367	396	53	debtor	debtor	NOUN
taxlaw-8367	396	54	and	and	CCONJ
taxlaw-8367	396	55	the	the	DET
taxlaw-8367	396	56	amount	amount	NOUN
taxlaw-8367	396	57	paid	pay	VERB
taxlaw-8367	396	58	to	to	PART
taxlaw-8367	396	59	satisfy	satisfy	VERB
taxlaw-8367	396	60	the	the	DET
taxlaw-8367	396	61	obligation	obligation	NOUN
taxlaw-8367	396	62	.	.	PUNCT
taxlaw-8367	396	63	”	"	PUNCT
taxlaw-8367	396	64	)	)	PUNCT
taxlaw-8367	396	65	;	;	PUNCT
taxlaw-8367	396	66	geier	geier	NOUN
taxlaw-8367	396	67	,	,	PUNCT
taxlaw-8367	396	68	supra	supra	PROPN
taxlaw-8367	396	69	note	note	NOUN
taxlaw-8367	396	70	1	1	NUM
taxlaw-8367	396	71	,	,	PUNCT
taxlaw-8367	396	72	at	at	ADP
taxlaw-8367	396	73	145	145	NUM
taxlaw-8367	396	74	(	(	PUNCT
taxlaw-8367	396	75	“	"	PUNCT
taxlaw-8367	396	76	exclusion	exclusion	NOUN
taxlaw-8367	396	77	from	from	ADP
taxlaw-8367	396	78	gross	gross	ADJ
taxlaw-8367	396	79	income	income	NOUN
taxlaw-8367	396	80	on	on	ADP
taxlaw-8367	396	81	receipt	receipt	NOUN
taxlaw-8367	396	82	of	of	ADP
taxlaw-8367	396	83	the	the	DET
taxlaw-8367	396	84	loan	loan	NOUN
taxlaw-8367	396	85	proceeds	proceed	NOUN
taxlaw-8367	396	86	.	.	PUNCT
taxlaw-8367	396	87	.	.	PUNCT
taxlaw-8367	396	88	.	.	PUNCT
taxlaw-8367	397	1	is	be	AUX
taxlaw-8367	397	2	premised	premise	VERB
taxlaw-8367	397	3	on	on	ADP
taxlaw-8367	397	4	the	the	DET
taxlaw-8367	397	5	obligation	obligation	NOUN
taxlaw-8367	397	6	to	to	PART
taxlaw-8367	397	7	repay	repay	VERB
taxlaw-8367	397	8	with	with	ADP
taxlaw-8367	397	9	after	after	ADP
taxlaw-8367	397	10	-	-	PUNCT
taxlaw-8367	397	11	tax	tax	NOUN
taxlaw-8367	397	12	dollars	dollar	NOUN
taxlaw-8367	397	13	.	.	PUNCT
taxlaw-8367	398	1	when	when	SCONJ
taxlaw-8367	398	2	that	that	DET
taxlaw-8367	398	3	obligation	obligation	NOUN
taxlaw-8367	398	4	disappears	disappear	VERB
taxlaw-8367	398	5	,	,	PUNCT
taxlaw-8367	398	6	so	so	ADV
taxlaw-8367	398	7	does	do	VERB
taxlaw-8367	398	8	the	the	DET
taxlaw-8367	398	9	justification	justification	NOUN
taxlaw-8367	398	10	for	for	ADP
taxlaw-8367	398	11	the	the	DET
taxlaw-8367	398	12	initial	initial	ADJ
taxlaw-8367	398	13	exclusion	exclusion	NOUN
taxlaw-8367	398	14	.	.	PUNCT
taxlaw-8367	398	15	”	"	PUNCT
taxlaw-8367	398	16	)	)	PUNCT
taxlaw-8367	398	17	;	;	PUNCT
taxlaw-8367	398	18	and	and	CCONJ
taxlaw-8367	398	19	163	163	NUM
taxlaw-8367	398	20	(	(	PUNCT
taxlaw-8367	398	21	“	"	PUNCT
taxlaw-8367	398	22	[	[	X
taxlaw-8367	398	23	t]he	t]he	X
taxlaw-8367	398	24	justification	justification	NOUN
taxlaw-8367	398	25	for	for	ADP
taxlaw-8367	398	26	taxing	tax	VERB
taxlaw-8367	398	27	both	both	DET
taxlaw-8367	398	28	cod	cod	NOUN
taxlaw-8367	398	29	income	income	NOUN
taxlaw-8367	398	30	and	and	CCONJ
taxlaw-8367	398	31	the	the	DET
taxlaw-8367	398	32	gain	gain	NOUN
taxlaw-8367	398	33	arising	arise	VERB
taxlaw-8367	398	34	under	under	ADP
taxlaw-8367	398	35	the	the	DET
taxlaw-8367	398	36	collapsed	collapsed	ADJ
taxlaw-8367	398	37	approach	approach	NOUN
taxlaw-8367	398	38	[	[	X
taxlaw-8367	398	39	i.e.	i.e.	X
taxlaw-8367	398	40	,	,	PUNCT
taxlaw-8367	398	41	satisfaction	satisfaction	NOUN
taxlaw-8367	398	42	of	of	ADP
taxlaw-8367	398	43	nonrecourse	nonrecourse	NOUN
taxlaw-8367	398	44	debt	debt	NOUN
taxlaw-8367	398	45	by	by	ADP
taxlaw-8367	398	46	delivering	deliver	VERB
taxlaw-8367	398	47	security	security	NOUN
taxlaw-8367	398	48	to	to	ADP
taxlaw-8367	398	49	the	the	DET
taxlaw-8367	398	50	lender	lender	NOUN
taxlaw-8367	398	51	]	]	PUNCT
taxlaw-8367	398	52	is	be	AUX
taxlaw-8367	398	53	the	the	DET
taxlaw-8367	398	54	same	same	ADJ
taxlaw-8367	398	55	:	:	PUNCT
taxlaw-8367	398	56	the	the	DET
taxlaw-8367	398	57	release	release	NOUN
taxlaw-8367	398	58	from	from	ADP
taxlaw-8367	398	59	the	the	DET
taxlaw-8367	398	60	obligation	obligation	NOUN
taxlaw-8367	398	61	to	to	PART
taxlaw-8367	398	62	repay	repay	AUX
taxlaw-8367	398	63	previously	previously	ADV
taxlaw-8367	398	64	received	receive	VERB
taxlaw-8367	398	65	untaxed	untaxed	ADJ
taxlaw-8367	398	66	loan	loan	NOUN
taxlaw-8367	398	67	proceeds	proceed	NOUN
taxlaw-8367	398	68	with	with	ADP
taxlaw-8367	398	69	after	after	ADP
taxlaw-8367	398	70	-	-	PUNCT
taxlaw-8367	398	71	tax	tax	NOUN
taxlaw-8367	398	72	dollars	dollar	NOUN
taxlaw-8367	398	73	.	.	PUNCT
taxlaw-8367	398	74	”	"	PUNCT
taxlaw-8367	398	75	)	)	PUNCT
taxlaw-8367	399	1	(	(	PUNCT
taxlaw-8367	399	2	emphasis	emphasis	NOUN
taxlaw-8367	399	3	omitted	omit	VERB
taxlaw-8367	399	4	)	)	PUNCT
taxlaw-8367	399	5	.	.	PUNCT
taxlaw-8367	400	1	104	104	NUM
taxlaw-8367	400	2	columbia	columbia	PROPN
taxlaw-8367	400	3	journal	journal	PROPN
taxlaw-8367	400	4	of	of	ADP
taxlaw-8367	400	5	tax	tax	NOUN
taxlaw-8367	400	6	law	law	NOUN
taxlaw-8367	400	7	[	[	X
taxlaw-8367	400	8	vol	vol	NOUN
taxlaw-8367	400	9	.	.	PUNCT
taxlaw-8367	400	10	12:89	12:89	NUM
taxlaw-8367	400	11	since	since	SCONJ
taxlaw-8367	400	12	borrowed	borrow	VERB
taxlaw-8367	400	13	funds	fund	NOUN
taxlaw-8367	400	14	are	be	AUX
taxlaw-8367	400	15	obviously	obviously	ADV
taxlaw-8367	400	16	worth	worth	ADJ
taxlaw-8367	400	17	their	their	PRON
taxlaw-8367	400	18	face	face	NOUN
taxlaw-8367	400	19	amount	amount	NOUN
taxlaw-8367	400	20	and	and	CCONJ
taxlaw-8367	400	21	assets	asset	NOUN
taxlaw-8367	400	22	acquired	acquire	VERB
taxlaw-8367	400	23	on	on	ADP
taxlaw-8367	400	24	credit	credit	NOUN
taxlaw-8367	400	25	in	in	ADP
taxlaw-8367	400	26	an	an	DET
taxlaw-8367	400	27	arm	arm	NOUN
taxlaw-8367	400	28	's	's	PART
taxlaw-8367	400	29	length	length	NOUN
taxlaw-8367	400	30	transaction	transaction	NOUN
taxlaw-8367	400	31	are	be	AUX
taxlaw-8367	400	32	also	also	ADV
taxlaw-8367	400	33	worth	worth	ADJ
taxlaw-8367	400	34	what	what	PRON
taxlaw-8367	400	35	the	the	DET
taxlaw-8367	400	36	buyer	buyer	NOUN
taxlaw-8367	400	37	agrees	agree	VERB
taxlaw-8367	400	38	to	to	PART
taxlaw-8367	400	39	pay	pay	VERB
taxlaw-8367	400	40	,	,	PUNCT
taxlaw-8367	400	41	a	a	DET
taxlaw-8367	400	42	debtor	debtor	NOUN
taxlaw-8367	400	43	who	who	PRON
taxlaw-8367	400	44	ultimately	ultimately	ADV
taxlaw-8367	400	45	pays	pay	VERB
taxlaw-8367	400	46	back	back	ADP
taxlaw-8367	400	47	less	less	ADV
taxlaw-8367	400	48	than	than	SCONJ
taxlaw-8367	400	49	was	be	AUX
taxlaw-8367	400	50	received	receive	VERB
taxlaw-8367	400	51	enjoys	enjoy	VERB
taxlaw-8367	400	52	a	a	DET
taxlaw-8367	400	53	financial	financial	ADJ
taxlaw-8367	400	54	benefit	benefit	NOUN
taxlaw-8367	400	55	whether	whether	SCONJ
taxlaw-8367	400	56	the	the	DET
taxlaw-8367	400	57	funds	fund	NOUN
taxlaw-8367	400	58	were	be	AUX
taxlaw-8367	400	59	invested	invest	VERB
taxlaw-8367	400	60	successfully	successfully	ADV
taxlaw-8367	400	61	,	,	PUNCT
taxlaw-8367	400	62	lost	lose	VERB
taxlaw-8367	400	63	in	in	ADP
taxlaw-8367	400	64	a	a	DET
taxlaw-8367	400	65	business	business	NOUN
taxlaw-8367	400	66	venture	venture	NOUN
taxlaw-8367	400	67	,	,	PUNCT
taxlaw-8367	400	68	spent	spend	VERB
taxlaw-8367	400	69	for	for	ADP
taxlaw-8367	400	70	food	food	NOUN
taxlaw-8367	400	71	and	and	CCONJ
taxlaw-8367	400	72	clothing	clothing	NOUN
taxlaw-8367	400	73	,	,	PUNCT
taxlaw-8367	400	74	or	or	CCONJ
taxlaw-8367	400	75	given	give	VERB
taxlaw-8367	400	76	to	to	PART
taxlaw-8367	400	77	charity.92	charity.92	VERB
taxlaw-8367	400	78	this	this	DET
taxlaw-8367	400	79	analysis	analysis	NOUN
taxlaw-8367	400	80	seems	seem	VERB
taxlaw-8367	400	81	to	to	PART
taxlaw-8367	400	82	be	be	AUX
taxlaw-8367	400	83	correct	correct	ADJ
taxlaw-8367	400	84	given	give	VERB
taxlaw-8367	400	85	the	the	DET
taxlaw-8367	400	86	additional	additional	ADJ
taxlaw-8367	400	87	welfare	welfare	NOUN
taxlaw-8367	400	88	that	that	PRON
taxlaw-8367	400	89	the	the	DET
taxlaw-8367	400	90	discharged	discharge	VERB
taxlaw-8367	400	91	borrower	borrower	NOUN
taxlaw-8367	400	92	enjoys	enjoy	VERB
taxlaw-8367	400	93	when	when	SCONJ
taxlaw-8367	400	94	compared	compare	VERB
taxlaw-8367	400	95	to	to	ADP
taxlaw-8367	400	96	a	a	DET
taxlaw-8367	400	97	non	non	ADJ
taxlaw-8367	400	98	-	-	NOUN
taxlaw-8367	400	99	borrower	borrower	NOUN
taxlaw-8367	400	100	,	,	PUNCT
taxlaw-8367	400	101	regardless	regardless	ADV
taxlaw-8367	400	102	of	of	ADP
taxlaw-8367	400	103	the	the	DET
taxlaw-8367	400	104	success	success	NOUN
taxlaw-8367	400	105	or	or	CCONJ
taxlaw-8367	400	106	failure	failure	NOUN
taxlaw-8367	400	107	of	of	ADP
taxlaw-8367	400	108	the	the	DET
taxlaw-8367	400	109	loan	loan	NOUN
taxlaw-8367	400	110	-	-	PUNCT
taxlaw-8367	400	111	financed	finance	VERB
taxlaw-8367	400	112	transaction	transaction	NOUN
taxlaw-8367	400	113	or	or	CCONJ
taxlaw-8367	400	114	of	of	ADP
taxlaw-8367	400	115	the	the	DET
taxlaw-8367	400	116	solvency	solvency	NOUN
taxlaw-8367	400	117	of	of	ADP
taxlaw-8367	400	118	the	the	DET
taxlaw-8367	400	119	borrower	borrower	NOUN
taxlaw-8367	400	120	.	.	PUNCT
taxlaw-8367	401	1	consider	consider	VERB
taxlaw-8367	401	2	,	,	PUNCT
taxlaw-8367	401	3	for	for	ADP
taxlaw-8367	401	4	example	example	NOUN
taxlaw-8367	401	5	,	,	PUNCT
taxlaw-8367	401	6	two	two	NUM
taxlaw-8367	401	7	individuals	individual	NOUN
taxlaw-8367	401	8	,	,	PUNCT
taxlaw-8367	401	9	a	a	PRON
taxlaw-8367	401	10	and	and	CCONJ
taxlaw-8367	401	11	b	b	NOUN
taxlaw-8367	401	12	,	,	PUNCT
taxlaw-8367	401	13	who	who	PRON
taxlaw-8367	401	14	each	each	PRON
taxlaw-8367	401	15	have	have	VERB
taxlaw-8367	401	16	0	0	NUM
taxlaw-8367	401	17	wealth	wealth	NOUN
taxlaw-8367	401	18	.	.	PUNCT
taxlaw-8367	402	1	a	a	PRON
taxlaw-8367	402	2	does	do	VERB
taxlaw-8367	402	3	nothing	nothing	PRON
taxlaw-8367	402	4	,	,	PUNCT
taxlaw-8367	402	5	while	while	SCONJ
taxlaw-8367	402	6	b	b	PROPN
taxlaw-8367	402	7	borrows	borrow	VERB
taxlaw-8367	402	8	$	$	SYM
taxlaw-8367	402	9	100	100	NUM
taxlaw-8367	402	10	from	from	ADP
taxlaw-8367	402	11	lender	lender	NOUN
taxlaw-8367	402	12	to	to	PART
taxlaw-8367	402	13	bet	bet	VERB
taxlaw-8367	402	14	on	on	ADP
taxlaw-8367	402	15	a	a	DET
taxlaw-8367	402	16	sporting	sporting	NOUN
taxlaw-8367	402	17	event	event	NOUN
taxlaw-8367	402	18	,	,	PUNCT
taxlaw-8367	402	19	loses	lose	VERB
taxlaw-8367	402	20	the	the	DET
taxlaw-8367	402	21	bet	bet	NOUN
taxlaw-8367	402	22	,	,	PUNCT
taxlaw-8367	402	23	and	and	CCONJ
taxlaw-8367	402	24	defaults	default	NOUN
taxlaw-8367	402	25	on	on	ADP
taxlaw-8367	402	26	the	the	DET
taxlaw-8367	402	27	loan	loan	NOUN
taxlaw-8367	402	28	.	.	PUNCT
taxlaw-8367	403	1	b	b	NOUN
taxlaw-8367	403	2	has	have	AUX
taxlaw-8367	403	3	done	do	VERB
taxlaw-8367	403	4	better	well	ADV
taxlaw-8367	403	5	than	than	ADP
taxlaw-8367	403	6	a	a	PRON
taxlaw-8367	403	7	because	because	SCONJ
taxlaw-8367	403	8	b	b	NOUN
taxlaw-8367	403	9	enjoyed	enjoy	VERB
taxlaw-8367	403	10	the	the	DET
taxlaw-8367	403	11	gambling	gambling	NOUN
taxlaw-8367	403	12	opportunity	opportunity	NOUN
taxlaw-8367	403	13	that	that	SCONJ
taxlaw-8367	403	14	the	the	DET
taxlaw-8367	403	15	borrowing	borrowing	NOUN
taxlaw-8367	403	16	made	make	VERB
taxlaw-8367	403	17	possible	possible	ADJ
taxlaw-8367	403	18	.	.	PUNCT
taxlaw-8367	404	1	parity	parity	NOUN
taxlaw-8367	404	2	requires	require	VERB
taxlaw-8367	404	3	an	an	DET
taxlaw-8367	404	4	inclusion	inclusion	NOUN
taxlaw-8367	404	5	for	for	ADP
taxlaw-8367	404	6	b	b	NOUN
taxlaw-8367	404	7	regardless	regardless	ADV
taxlaw-8367	404	8	of	of	ADP
taxlaw-8367	404	9	the	the	DET
taxlaw-8367	404	10	fact	fact	NOUN
taxlaw-8367	404	11	that	that	SCONJ
taxlaw-8367	404	12	the	the	DET
taxlaw-8367	404	13	debt	debt	NOUN
taxlaw-8367	404	14	-	-	PUNCT
taxlaw-8367	404	15	financed	finance	VERB
taxlaw-8367	404	16	transaction	transaction	NOUN
taxlaw-8367	404	17	was	be	AUX
taxlaw-8367	404	18	unsuccessful	unsuccessful	ADJ
taxlaw-8367	404	19	.	.	PUNCT
taxlaw-8367	405	1	although	although	SCONJ
taxlaw-8367	405	2	it	it	PRON
taxlaw-8367	405	3	may	may	AUX
taxlaw-8367	405	4	make	make	VERB
taxlaw-8367	405	5	sense	sense	NOUN
taxlaw-8367	405	6	to	to	PART
taxlaw-8367	405	7	provide	provide	VERB
taxlaw-8367	405	8	an	an	DET
taxlaw-8367	405	9	exclusion	exclusion	NOUN
taxlaw-8367	405	10	or	or	CCONJ
taxlaw-8367	405	11	other	other	ADJ
taxlaw-8367	405	12	tax	tax	NOUN
taxlaw-8367	405	13	relief	relief	NOUN
taxlaw-8367	405	14	to	to	ADP
taxlaw-8367	405	15	a	a	DET
taxlaw-8367	405	16	borrower	borrower	NOUN
taxlaw-8367	405	17	that	that	PRON
taxlaw-8367	405	18	defaults	default	VERB
taxlaw-8367	405	19	because	because	SCONJ
taxlaw-8367	405	20	of	of	ADP
taxlaw-8367	405	21	insolvency	insolvency	NOUN
taxlaw-8367	405	22	(	(	PUNCT
taxlaw-8367	405	23	or	or	CCONJ
taxlaw-8367	405	24	for	for	ADP
taxlaw-8367	405	25	other	other	ADJ
taxlaw-8367	405	26	reasons	reason	NOUN
taxlaw-8367	405	27	)	)	PUNCT
taxlaw-8367	405	28	,	,	PUNCT
taxlaw-8367	405	29	the	the	DET
taxlaw-8367	405	30	fact	fact	NOUN
taxlaw-8367	405	31	of	of	ADP
taxlaw-8367	405	32	insolvency	insolvency	NOUN
taxlaw-8367	405	33	does	do	AUX
taxlaw-8367	405	34	not	not	PART
taxlaw-8367	405	35	eliminate	eliminate	VERB
taxlaw-8367	405	36	the	the	DET
taxlaw-8367	405	37	economic	economic	ADJ
taxlaw-8367	405	38	benefit	benefit	NOUN
taxlaw-8367	405	39	that	that	PRON
taxlaw-8367	405	40	the	the	DET
taxlaw-8367	405	41	loan	loan	NOUN
taxlaw-8367	405	42	provided	provide	VERB
taxlaw-8367	405	43	to	to	ADP
taxlaw-8367	405	44	the	the	DET
taxlaw-8367	405	45	borrower	borrower	NOUN
taxlaw-8367	405	46	.	.	PUNCT
taxlaw-8367	406	1	nevertheless	nevertheless	ADV
taxlaw-8367	406	2	,	,	PUNCT
taxlaw-8367	406	3	and	and	CCONJ
taxlaw-8367	406	4	despite	despite	SCONJ
taxlaw-8367	406	5	the	the	DET
taxlaw-8367	406	6	virtues	virtue	NOUN
taxlaw-8367	406	7	of	of	ADP
taxlaw-8367	406	8	applying	apply	VERB
taxlaw-8367	406	9	the	the	DET
taxlaw-8367	406	10	tbr	tbr	NOUN
taxlaw-8367	406	11	analogy	analogy	NOUN
taxlaw-8367	406	12	to	to	PART
taxlaw-8367	406	13	loan	loan	NOUN
taxlaw-8367	406	14	proceeds	proceed	NOUN
taxlaw-8367	406	15	,	,	PUNCT
taxlaw-8367	406	16	the	the	DET
taxlaw-8367	406	17	reasons	reason	NOUN
taxlaw-8367	406	18	for	for	ADP
taxlaw-8367	406	19	doing	do	VERB
taxlaw-8367	406	20	so	so	ADV
taxlaw-8367	406	21	are	be	AUX
taxlaw-8367	406	22	obscure	obscure	ADJ
taxlaw-8367	406	23	.	.	PUNCT
taxlaw-8367	407	1	ultimately	ultimately	ADV
taxlaw-8367	407	2	,	,	PUNCT
taxlaw-8367	407	3	the	the	DET
taxlaw-8367	407	4	argument	argument	NOUN
taxlaw-8367	407	5	assumes	assume	VERB
taxlaw-8367	407	6	its	its	PRON
taxlaw-8367	407	7	conclusion	conclusion	NOUN
taxlaw-8367	407	8	.	.	PUNCT
taxlaw-8367	408	1	the	the	DET
taxlaw-8367	408	2	main	main	ADJ
taxlaw-8367	408	3	difficulty	difficulty	NOUN
taxlaw-8367	408	4	arises	arise	VERB
taxlaw-8367	408	5	in	in	ADP
taxlaw-8367	408	6	trying	try	VERB
taxlaw-8367	408	7	to	to	PART
taxlaw-8367	408	8	make	make	VERB
taxlaw-8367	408	9	sense	sense	NOUN
taxlaw-8367	408	10	of	of	ADP
taxlaw-8367	408	11	the	the	DET
taxlaw-8367	408	12	counterfactual	counterfactual	NOUN
taxlaw-8367	408	13	that	that	PRON
taxlaw-8367	408	14	would	would	AUX
taxlaw-8367	408	15	have	have	AUX
taxlaw-8367	408	16	denied	deny	VERB
taxlaw-8367	408	17	the	the	DET
taxlaw-8367	408	18	tax	tax	NOUN
taxlaw-8367	408	19	benefit	benefit	NOUN
taxlaw-8367	408	20	ab	ab	PROPN
taxlaw-8367	408	21	initio	initio	NOUN
taxlaw-8367	408	22	.	.	PUNCT
taxlaw-8367	409	1	in	in	ADP
taxlaw-8367	409	2	the	the	DET
taxlaw-8367	409	3	basic	basic	ADJ
taxlaw-8367	409	4	tbr	tbr	NOUN
taxlaw-8367	409	5	scenario	scenario	NOUN
taxlaw-8367	409	6	,	,	PUNCT
taxlaw-8367	409	7	what	what	PRON
taxlaw-8367	409	8	turns	turn	VERB
taxlaw-8367	409	9	out	out	ADP
taxlaw-8367	409	10	to	to	PART
taxlaw-8367	409	11	be	be	AUX
taxlaw-8367	409	12	incorrect	incorrect	ADJ
taxlaw-8367	409	13	is	be	AUX
taxlaw-8367	409	14	not	not	PART
taxlaw-8367	409	15	the	the	DET
taxlaw-8367	409	16	assumption	assumption	NOUN
taxlaw-8367	409	17	that	that	SCONJ
taxlaw-8367	409	18	the	the	DET
taxlaw-8367	409	19	earlier	early	ADJ
taxlaw-8367	409	20	transaction	transaction	NOUN
taxlaw-8367	409	21	occurred	occur	VERB
taxlaw-8367	409	22	but	but	CCONJ
taxlaw-8367	409	23	that	that	SCONJ
taxlaw-8367	409	24	the	the	DET
taxlaw-8367	409	25	set	set	NOUN
taxlaw-8367	409	26	of	of	ADP
taxlaw-8367	409	27	circumstances	circumstance	NOUN
taxlaw-8367	409	28	that	that	PRON
taxlaw-8367	409	29	would	would	AUX
taxlaw-8367	409	30	justify	justify	VERB
taxlaw-8367	409	31	the	the	DET
taxlaw-8367	409	32	claimed	claim	VERB
taxlaw-8367	409	33	tax	tax	NOUN
taxlaw-8367	409	34	benefit	benefit	NOUN
taxlaw-8367	409	35	obtained	obtain	VERB
taxlaw-8367	409	36	.	.	PUNCT
taxlaw-8367	410	1	93	93	NUM
taxlaw-8367	410	2	in	in	ADP
taxlaw-8367	410	3	the	the	DET
taxlaw-8367	410	4	business	business	NOUN
taxlaw-8367	410	5	supplies	supply	NOUN
taxlaw-8367	410	6	case	case	NOUN
taxlaw-8367	410	7	,	,	PUNCT
taxlaw-8367	410	8	what	what	PRON
taxlaw-8367	410	9	turned	turn	VERB
taxlaw-8367	410	10	out	out	ADP
taxlaw-8367	410	11	to	to	PART
taxlaw-8367	410	12	be	be	AUX
taxlaw-8367	410	13	incorrect	incorrect	ADJ
taxlaw-8367	410	14	was	be	AUX
taxlaw-8367	410	15	the	the	DET
taxlaw-8367	410	16	assumption	assumption	NOUN
taxlaw-8367	410	17	that	that	SCONJ
taxlaw-8367	410	18	the	the	DET
taxlaw-8367	410	19	taxpayer	taxpayer	NOUN
taxlaw-8367	410	20	would	would	AUX
taxlaw-8367	410	21	use	use	VERB
taxlaw-8367	410	22	the	the	DET
taxlaw-8367	410	23	purchased	purchase	VERB
taxlaw-8367	410	24	supplies	supply	NOUN
taxlaw-8367	410	25	in	in	ADP
taxlaw-8367	410	26	her	her	PRON
taxlaw-8367	410	27	business	business	NOUN
taxlaw-8367	410	28	,	,	PUNCT
taxlaw-8367	410	29	not	not	PART
taxlaw-8367	410	30	that	that	SCONJ
taxlaw-8367	410	31	she	she	PRON
taxlaw-8367	410	32	purchased	purchase	VERB
taxlaw-8367	410	33	them	they	PRON
taxlaw-8367	410	34	at	at	ADV
taxlaw-8367	410	35	all	all	ADV
taxlaw-8367	410	36	.	.	PUNCT
taxlaw-8367	411	1	the	the	DET
taxlaw-8367	411	2	“	"	PUNCT
taxlaw-8367	411	3	fundamentally	fundamentally	ADV
taxlaw-8367	411	4	inconsistent	inconsistent	ADJ
taxlaw-8367	411	5	”	"	PUNCT
taxlaw-8367	411	6	later	later	ADV
taxlaw-8367	411	7	development	development	NOUN
taxlaw-8367	411	8	was	be	AUX
taxlaw-8367	411	9	what	what	PRON
taxlaw-8367	411	10	turned	turn	VERB
taxlaw-8367	411	11	out	out	ADP
taxlaw-8367	411	12	to	to	PART
taxlaw-8367	411	13	be	be	AUX
taxlaw-8367	411	14	the	the	DET
taxlaw-8367	411	15	case	case	NOUN
taxlaw-8367	411	16	with	with	ADP
taxlaw-8367	411	17	respect	respect	NOUN
taxlaw-8367	411	18	to	to	ADP
taxlaw-8367	411	19	justifying	justify	VERB
taxlaw-8367	411	20	the	the	DET
taxlaw-8367	411	21	tax	tax	NOUN
taxlaw-8367	411	22	benefit	benefit	NOUN
taxlaw-8367	411	23	,	,	PUNCT
taxlaw-8367	411	24	namely	namely	ADV
taxlaw-8367	411	25	that	that	SCONJ
taxlaw-8367	411	26	she	she	PRON
taxlaw-8367	411	27	went	go	VERB
taxlaw-8367	411	28	out	out	ADP
taxlaw-8367	411	29	of	of	ADP
taxlaw-8367	411	30	business	business	NOUN
taxlaw-8367	411	31	.	.	PUNCT
taxlaw-8367	412	1	consistent	consistent	ADJ
taxlaw-8367	412	2	with	with	ADP
taxlaw-8367	412	3	this	this	DET
taxlaw-8367	412	4	approach	approach	NOUN
taxlaw-8367	412	5	,	,	PUNCT
taxlaw-8367	412	6	operation	operation	NOUN
taxlaw-8367	412	7	of	of	ADP
taxlaw-8367	412	8	the	the	DET
taxlaw-8367	412	9	tbr	tbr	NOUN
taxlaw-8367	412	10	does	do	AUX
taxlaw-8367	412	11	not	not	PART
taxlaw-8367	412	12	amount	amount	VERB
taxlaw-8367	412	13	to	to	ADP
taxlaw-8367	412	14	applying	apply	VERB
taxlaw-8367	412	15	the	the	DET
taxlaw-8367	412	16	tax	tax	NOUN
taxlaw-8367	412	17	law	law	NOUN
taxlaw-8367	412	18	to	to	ADP
taxlaw-8367	412	19	what	what	PRON
taxlaw-8367	412	20	would	would	AUX
taxlaw-8367	412	21	have	have	AUX
taxlaw-8367	412	22	happened	happen	VERB
taxlaw-8367	412	23	as	as	ADP
taxlaw-8367	412	24	a	a	DET
taxlaw-8367	412	25	factual	factual	ADJ
taxlaw-8367	412	26	matter	matter	NOUN
taxlaw-8367	412	27	had	have	VERB
taxlaw-8367	412	28	the	the	DET
taxlaw-8367	412	29	tax	tax	NOUN
taxlaw-8367	412	30	benefit	benefit	NOUN
taxlaw-8367	412	31	been	be	AUX
taxlaw-8367	412	32	unavailable	unavailable	ADJ
taxlaw-8367	412	33	,	,	PUNCT
taxlaw-8367	412	34	but	but	CCONJ
taxlaw-8367	412	35	instead	instead	ADV
taxlaw-8367	412	36	applying	apply	VERB
taxlaw-8367	412	37	the	the	DET
taxlaw-8367	412	38	tax	tax	NOUN
taxlaw-8367	412	39	law	law	NOUN
taxlaw-8367	412	40	to	to	ADP
taxlaw-8367	412	41	what	what	PRON
taxlaw-8367	412	42	did	do	AUX
taxlaw-8367	412	43	occur	occur	VERB
taxlaw-8367	412	44	in	in	ADP
taxlaw-8367	412	45	light	light	NOUN
taxlaw-8367	412	46	of	of	ADP
taxlaw-8367	412	47	developments	development	NOUN
taxlaw-8367	412	48	that	that	PRON
taxlaw-8367	412	49	made	make	VERB
taxlaw-8367	412	50	claiming	claim	VERB
taxlaw-8367	412	51	the	the	DET
taxlaw-8367	412	52	tax	tax	NOUN
taxlaw-8367	412	53	benefit	benefit	NOUN
taxlaw-8367	412	54	erroneous	erroneous	ADJ
taxlaw-8367	412	55	.	.	PUNCT
taxlaw-8367	413	1	the	the	DET
taxlaw-8367	413	2	difficulty	difficulty	NOUN
taxlaw-8367	413	3	of	of	ADP
taxlaw-8367	413	4	extending	extend	VERB
taxlaw-8367	413	5	this	this	DET
taxlaw-8367	413	6	analysis	analysis	NOUN
taxlaw-8367	413	7	to	to	ADP
taxlaw-8367	413	8	the	the	DET
taxlaw-8367	413	9	loan	loan	NOUN
taxlaw-8367	413	10	case	case	NOUN
taxlaw-8367	413	11	is	be	AUX
taxlaw-8367	413	12	that	that	SCONJ
taxlaw-8367	413	13	it	it	PRON
taxlaw-8367	413	14	is	be	AUX
taxlaw-8367	413	15	not	not	PART
taxlaw-8367	413	16	even	even	ADV
taxlaw-8367	413	17	possible	possible	ADJ
taxlaw-8367	413	18	that	that	SCONJ
taxlaw-8367	413	19	the	the	DET
taxlaw-8367	413	20	loan	loan	NOUN
taxlaw-8367	413	21	transaction	transaction	NOUN
taxlaw-8367	413	22	would	would	AUX
taxlaw-8367	413	23	have	have	AUX
taxlaw-8367	413	24	occurred	occur	VERB
taxlaw-8367	413	25	had	have	AUX
taxlaw-8367	413	26	all	all	DET
taxlaw-8367	413	27	facts	fact	NOUN
taxlaw-8367	413	28	been	be	AUX
taxlaw-8367	413	29	known	know	VERB
taxlaw-8367	413	30	when	when	SCONJ
taxlaw-8367	413	31	the	the	DET
taxlaw-8367	413	32	loan	loan	NOUN
taxlaw-8367	413	33	was	be	AUX
taxlaw-8367	413	34	made	make	VERB
taxlaw-8367	413	35	.	.	PUNCT
taxlaw-8367	414	1	rather	rather	ADV
taxlaw-8367	414	2	,	,	PUNCT
taxlaw-8367	414	3	the	the	DET
taxlaw-8367	414	4	analogy	analogy	NOUN
taxlaw-8367	414	5	supposes	suppose	VERB
taxlaw-8367	414	6	that	that	SCONJ
taxlaw-8367	414	7	what	what	PRON
taxlaw-8367	414	8	appeared	appear	VERB
taxlaw-8367	414	9	to	to	PART
taxlaw-8367	414	10	be	be	AUX
taxlaw-8367	414	11	a	a	DET
taxlaw-8367	414	12	loan	loan	NOUN
taxlaw-8367	414	13	was	be	AUX
taxlaw-8367	414	14	not	not	PART
taxlaw-8367	414	15	a	a	DET
taxlaw-8367	414	16	loan	loan	NOUN
taxlaw-8367	414	17	.	.	PUNCT
taxlaw-8367	415	1	consider	consider	VERB
taxlaw-8367	415	2	the	the	DET
taxlaw-8367	415	3	odd	odd	ADJ
taxlaw-8367	415	4	nature	nature	NOUN
taxlaw-8367	415	5	of	of	ADP
taxlaw-8367	415	6	the	the	DET
taxlaw-8367	415	7	doi	doi	NOUN
taxlaw-8367	415	8	formulation	formulation	NOUN
taxlaw-8367	415	9	,	,	PUNCT
taxlaw-8367	415	10	as	as	SCONJ
taxlaw-8367	415	11	described	describe	VERB
taxlaw-8367	415	12	by	by	ADP
taxlaw-8367	415	13	the	the	DET
taxlaw-8367	415	14	same	same	ADJ
taxlaw-8367	415	15	commentary	commentary	NOUN
taxlaw-8367	415	16	:	:	PUNCT
taxlaw-8367	415	17	were	be	AUX
taxlaw-8367	415	18	we	we	PRON
taxlaw-8367	415	19	blessed	bless	VERB
taxlaw-8367	415	20	with	with	ADP
taxlaw-8367	415	21	perfect	perfect	ADJ
taxlaw-8367	415	22	foresight	foresight	NOUN
taxlaw-8367	415	23	,	,	PUNCT
taxlaw-8367	415	24	it	it	PRON
taxlaw-8367	415	25	would	would	AUX
taxlaw-8367	415	26	be	be	AUX
taxlaw-8367	415	27	possible	possible	ADJ
taxlaw-8367	415	28	to	to	PART
taxlaw-8367	415	29	exclude	exclude	VERB
taxlaw-8367	415	30	borrowed	borrow	VERB
taxlaw-8367	415	31	funds	fund	NOUN
taxlaw-8367	415	32	from	from	ADP
taxlaw-8367	415	33	gross	gross	ADJ
taxlaw-8367	415	34	income	income	NOUN
taxlaw-8367	415	35	only	only	ADV
taxlaw-8367	415	36	to	to	ADP
taxlaw-8367	415	37	the	the	DET
taxlaw-8367	415	38	extent	extent	NOUN
taxlaw-8367	415	39	of	of	ADP
taxlaw-8367	415	40	the	the	DET
taxlaw-8367	415	41	ultimate	ultimate	ADJ
taxlaw-8367	415	42	repayment	repayment	NOUN
taxlaw-8367	415	43	and	and	CCONJ
taxlaw-8367	415	44	to	to	PART
taxlaw-8367	415	45	tax	tax	VERB
taxlaw-8367	415	46	at	at	ADP
taxlaw-8367	415	47	the	the	DET
taxlaw-8367	415	48	outset	outset	NOUN
taxlaw-8367	415	49	the	the	DET
taxlaw-8367	415	50	amount	amount	NOUN
taxlaw-8367	415	51	that	that	PRON
taxlaw-8367	415	52	will	will	AUX
taxlaw-8367	415	53	not	not	PART
taxlaw-8367	415	54	be	be	AUX
taxlaw-8367	415	55	repaid	repay	VERB
taxlaw-8367	415	56	.	.	PUNCT
taxlaw-8367	416	1	however	however	ADV
taxlaw-8367	416	2	,	,	PUNCT
taxlaw-8367	416	3	in	in	ADP
taxlaw-8367	416	4	the	the	DET
taxlaw-8367	416	5	absence	absence	NOUN
taxlaw-8367	416	6	of	of	ADP
taxlaw-8367	416	7	perfect	perfect	ADJ
taxlaw-8367	416	8	provision	provision	NOUN
taxlaw-8367	416	9	,	,	PUNCT
taxlaw-8367	416	10	a	a	DET
taxlaw-8367	416	11	second	second	ADJ
taxlaw-8367	416	12	best	good	ADJ
taxlaw-8367	416	13	solution	solution	NOUN
taxlaw-8367	416	14	is	be	AUX
taxlaw-8367	416	15	required	require	VERB
taxlaw-8367	416	16	.	.	PUNCT
taxlaw-8367	417	1	one	one	NUM
taxlaw-8367	417	2	alternative	alternative	NOUN
taxlaw-8367	417	3	would	would	AUX
taxlaw-8367	417	4	be	be	AUX
taxlaw-8367	417	5	to	to	PART
taxlaw-8367	417	6	tax	tax	VERB
taxlaw-8367	417	7	the	the	DET
taxlaw-8367	417	8	entire	entire	ADJ
taxlaw-8367	417	9	amount	amount	NOUN
taxlaw-8367	417	10	borrowed	borrow	VERB
taxlaw-8367	417	11	and	and	CCONJ
taxlaw-8367	417	12	to	to	PART
taxlaw-8367	417	13	allow	allow	VERB
taxlaw-8367	417	14	deductions	deduction	NOUN
taxlaw-8367	417	15	only	only	ADV
taxlaw-8367	417	16	when	when	SCONJ
taxlaw-8367	417	17	,	,	PUNCT
taxlaw-8367	417	18	as	as	ADP
taxlaw-8367	417	19	,	,	PUNCT
taxlaw-8367	417	20	and	and	CCONJ
taxlaw-8367	417	21	if	if	SCONJ
taxlaw-8367	417	22	the	the	DET
taxlaw-8367	417	23	debt	debt	NOUN
taxlaw-8367	417	24	is	be	AUX
taxlaw-8367	417	25	repaid	repay	VERB
taxlaw-8367	417	26	.	.	PUNCT
taxlaw-8367	418	1	since	since	SCONJ
taxlaw-8367	418	2	most	most	ADJ
taxlaw-8367	418	3	92	92	NUM
taxlaw-8367	418	4	bittker	bittker	NOUN
taxlaw-8367	418	5	&	&	CCONJ
taxlaw-8367	418	6	lokken	lokken	PROPN
taxlaw-8367	418	7	,	,	PUNCT
taxlaw-8367	418	8	supra	supra	PROPN
taxlaw-8367	418	9	note	note	NOUN
taxlaw-8367	418	10	3	3	NUM
taxlaw-8367	418	11	,	,	PUNCT
taxlaw-8367	418	12	at	at	ADP
taxlaw-8367	418	13	¶7.1	¶7.1	PROPN
taxlaw-8367	418	14	.	.	PUNCT
taxlaw-8367	419	1	93	93	NUM
taxlaw-8367	419	2	see	see	VERB
taxlaw-8367	419	3	hillsboro	hillsboro	PROPN
taxlaw-8367	419	4	,	,	PUNCT
taxlaw-8367	419	5	460	460	NUM
taxlaw-8367	419	6	u.s.at	u.s.at	VERB
taxlaw-8367	419	7	383	383	NUM
taxlaw-8367	419	8	(	(	PUNCT
taxlaw-8367	419	9	“	"	PUNCT
taxlaw-8367	419	10	the	the	DET
taxlaw-8367	419	11	basic	basic	ADJ
taxlaw-8367	419	12	purpose	purpose	NOUN
taxlaw-8367	419	13	of	of	ADP
taxlaw-8367	419	14	the	the	DET
taxlaw-8367	419	15	tax	tax	NOUN
taxlaw-8367	419	16	benefit	benefit	NOUN
taxlaw-8367	419	17	rule	rule	NOUN
taxlaw-8367	419	18	is	be	AUX
taxlaw-8367	419	19	to	to	PART
taxlaw-8367	419	20	achieve	achieve	VERB
taxlaw-8367	419	21	rough	rough	ADJ
taxlaw-8367	419	22	transactional	transactional	ADJ
taxlaw-8367	419	23	parity	parity	NOUN
taxlaw-8367	419	24	in	in	ADP
taxlaw-8367	419	25	tax	tax	NOUN
taxlaw-8367	419	26	.	.	PUNCT
taxlaw-8367	419	27	.	.	PUNCT
taxlaw-8367	420	1	.	.	PUNCT
taxlaw-8367	421	1	and	and	CCONJ
taxlaw-8367	421	2	to	to	PART
taxlaw-8367	421	3	protect	protect	VERB
taxlaw-8367	421	4	the	the	DET
taxlaw-8367	421	5	government	government	NOUN
taxlaw-8367	421	6	and	and	CCONJ
taxlaw-8367	421	7	the	the	DET
taxlaw-8367	421	8	taxpayer	taxpayer	NOUN
taxlaw-8367	421	9	from	from	ADP
taxlaw-8367	421	10	the	the	DET
taxlaw-8367	421	11	adverse	adverse	ADJ
taxlaw-8367	421	12	effects	effect	NOUN
taxlaw-8367	421	13	of	of	ADP
taxlaw-8367	421	14	reporting	report	VERB
taxlaw-8367	421	15	a	a	DET
taxlaw-8367	421	16	transaction	transaction	NOUN
taxlaw-8367	421	17	on	on	ADP
taxlaw-8367	421	18	the	the	DET
taxlaw-8367	421	19	basis	basis	NOUN
taxlaw-8367	421	20	of	of	ADP
taxlaw-8367	421	21	assumptions	assumption	NOUN
taxlaw-8367	421	22	that	that	PRON
taxlaw-8367	421	23	an	an	DET
taxlaw-8367	421	24	event	event	NOUN
taxlaw-8367	421	25	in	in	ADP
taxlaw-8367	421	26	a	a	DET
taxlaw-8367	421	27	subsequent	subsequent	ADJ
taxlaw-8367	421	28	year	year	NOUN
taxlaw-8367	421	29	proves	prove	VERB
taxlaw-8367	421	30	to	to	PART
taxlaw-8367	421	31	have	have	AUX
taxlaw-8367	421	32	been	be	AUX
taxlaw-8367	421	33	erroneous	erroneous	ADJ
taxlaw-8367	421	34	.	.	PUNCT
taxlaw-8367	421	35	”	"	PUNCT
taxlaw-8367	421	36	)	)	PUNCT
taxlaw-8367	421	37	.	.	PUNCT
taxlaw-8367	422	1	2021	2021	NUM
taxlaw-8367	422	2	]	]	PUNCT
taxlaw-8367	422	3	debt	debt	NOUN
taxlaw-8367	422	4	and	and	CCONJ
taxlaw-8367	422	5	taxes	taxis	NOUN
taxlaw-8367	422	6	105	105	NUM
taxlaw-8367	422	7	loans	loan	NOUN
taxlaw-8367	422	8	are	be	AUX
taxlaw-8367	422	9	paid	pay	VERB
taxlaw-8367	422	10	in	in	ADP
taxlaw-8367	422	11	full	full	ADJ
taxlaw-8367	422	12	and	and	CCONJ
taxlaw-8367	422	13	taxing	tax	VERB
taxlaw-8367	422	14	the	the	DET
taxlaw-8367	422	15	receipt	receipt	NOUN
taxlaw-8367	422	16	would	would	AUX
taxlaw-8367	422	17	impose	impose	VERB
taxlaw-8367	422	18	a	a	DET
taxlaw-8367	422	19	heavy	heavy	ADJ
taxlaw-8367	422	20	frontend	frontend	NOUN
taxlaw-8367	422	21	burden	burden	NOUN
taxlaw-8367	422	22	on	on	ADP
taxlaw-8367	422	23	debt	debt	NOUN
taxlaw-8367	422	24	financing	financing	NOUN
taxlaw-8367	422	25	,	,	PUNCT
taxlaw-8367	422	26	a	a	DET
taxlaw-8367	422	27	better	well	ADJ
taxlaw-8367	422	28	alternative	alternative	NOUN
taxlaw-8367	422	29	is	be	AUX
taxlaw-8367	422	30	the	the	DET
taxlaw-8367	422	31	existing	exist	VERB
taxlaw-8367	422	32	system	system	NOUN
taxlaw-8367	422	33	of	of	ADP
taxlaw-8367	422	34	excluding	exclude	VERB
taxlaw-8367	422	35	borrowed	borrow	VERB
taxlaw-8367	422	36	funds	fund	NOUN
taxlaw-8367	422	37	from	from	ADP
taxlaw-8367	422	38	gross	gross	ADJ
taxlaw-8367	422	39	income	income	NOUN
taxlaw-8367	422	40	and	and	CCONJ
taxlaw-8367	422	41	requiring	require	VERB
taxlaw-8367	422	42	the	the	DET
taxlaw-8367	422	43	taxpayer	taxpayer	NOUN
taxlaw-8367	422	44	to	to	PART
taxlaw-8367	422	45	account	account	VERB
taxlaw-8367	422	46	for	for	ADP
taxlaw-8367	422	47	any	any	DET
taxlaw-8367	422	48	gain	gain	NOUN
taxlaw-8367	422	49	if	if	SCONJ
taxlaw-8367	422	50	the	the	DET
taxlaw-8367	422	51	debt	debt	NOUN
taxlaw-8367	422	52	is	be	AUX
taxlaw-8367	422	53	later	later	ADV
taxlaw-8367	422	54	settled	settle	VERB
taxlaw-8367	422	55	for	for	ADP
taxlaw-8367	422	56	less	less	ADJ
taxlaw-8367	422	57	than	than	ADP
taxlaw-8367	422	58	the	the	DET
taxlaw-8367	422	59	amount	amount	NOUN
taxlaw-8367	422	60	due.94	due.94	PROPN
taxlaw-8367	422	61	the	the	DET
taxlaw-8367	422	62	main	main	ADJ
taxlaw-8367	422	63	difficulty	difficulty	NOUN
taxlaw-8367	422	64	can	can	AUX
taxlaw-8367	422	65	be	be	AUX
taxlaw-8367	422	66	simply	simply	ADV
taxlaw-8367	422	67	stated	state	VERB
taxlaw-8367	422	68	:	:	PUNCT
taxlaw-8367	422	69	in	in	ADP
taxlaw-8367	422	70	the	the	DET
taxlaw-8367	422	71	doi	doi	NOUN
taxlaw-8367	422	72	case	case	NOUN
taxlaw-8367	422	73	,	,	PUNCT
taxlaw-8367	422	74	the	the	DET
taxlaw-8367	422	75	counterfactual	counterfactual	NOUN
taxlaw-8367	422	76	does	do	AUX
taxlaw-8367	422	77	not	not	PART
taxlaw-8367	422	78	assume	assume	VERB
taxlaw-8367	422	79	that	that	SCONJ
taxlaw-8367	422	80	the	the	DET
taxlaw-8367	422	81	event	event	NOUN
taxlaw-8367	422	82	,	,	PUNCT
taxlaw-8367	422	83	namely	namely	ADV
taxlaw-8367	422	84	,	,	PUNCT
taxlaw-8367	422	85	the	the	DET
taxlaw-8367	422	86	loan	loan	NOUN
taxlaw-8367	422	87	,	,	PUNCT
taxlaw-8367	422	88	occurred	occur	VERB
taxlaw-8367	422	89	but	but	CCONJ
taxlaw-8367	422	90	its	its	PRON
taxlaw-8367	422	91	tax	tax	NOUN
taxlaw-8367	422	92	attributes	attribute	NOUN
taxlaw-8367	422	93	differed	differ	VERB
taxlaw-8367	422	94	;	;	PUNCT
taxlaw-8367	422	95	rather	rather	ADV
taxlaw-8367	422	96	it	it	PRON
taxlaw-8367	422	97	assumes	assume	VERB
taxlaw-8367	422	98	that	that	SCONJ
taxlaw-8367	422	99	the	the	DET
taxlaw-8367	422	100	event	event	NOUN
taxlaw-8367	422	101	did	do	AUX
taxlaw-8367	422	102	not	not	PART
taxlaw-8367	422	103	occur	occur	VERB
taxlaw-8367	422	104	at	at	ADV
taxlaw-8367	422	105	all	all	ADV
taxlaw-8367	422	106	.	.	PUNCT
taxlaw-8367	423	1	instead	instead	ADV
taxlaw-8367	423	2	,	,	PUNCT
taxlaw-8367	423	3	a	a	DET
taxlaw-8367	423	4	different	different	ADJ
taxlaw-8367	423	5	event	event	NOUN
taxlaw-8367	423	6	occurred	occur	VERB
taxlaw-8367	423	7	:	:	PUNCT
taxlaw-8367	423	8	the	the	DET
taxlaw-8367	423	9	uncompensated	uncompensated	ADJ
taxlaw-8367	423	10	transfer	transfer	NOUN
taxlaw-8367	423	11	of	of	ADP
taxlaw-8367	423	12	value	value	NOUN
taxlaw-8367	423	13	to	to	ADP
taxlaw-8367	423	14	the	the	DET
taxlaw-8367	423	15	borrower	borrower	NOUN
taxlaw-8367	423	16	in	in	ADP
taxlaw-8367	423	17	the	the	DET
taxlaw-8367	423	18	year	year	NOUN
taxlaw-8367	423	19	the	the	DET
taxlaw-8367	423	20	loan	loan	NOUN
taxlaw-8367	423	21	was	be	AUX
taxlaw-8367	423	22	extended	extend	VERB
taxlaw-8367	423	23	.	.	PUNCT
taxlaw-8367	424	1	by	by	ADP
taxlaw-8367	424	2	contrast	contrast	NOUN
taxlaw-8367	424	3	,	,	PUNCT
taxlaw-8367	424	4	in	in	ADP
taxlaw-8367	424	5	the	the	DET
taxlaw-8367	424	6	tbr	tbr	NOUN
taxlaw-8367	424	7	case	case	NOUN
taxlaw-8367	424	8	,	,	PUNCT
taxlaw-8367	424	9	the	the	DET
taxlaw-8367	424	10	event	event	NOUN
taxlaw-8367	424	11	occurred	occur	VERB
taxlaw-8367	424	12	,	,	PUNCT
taxlaw-8367	424	13	but	but	CCONJ
taxlaw-8367	424	14	the	the	DET
taxlaw-8367	424	15	circumstances	circumstance	NOUN
taxlaw-8367	424	16	thought	think	VERB
taxlaw-8367	424	17	to	to	PART
taxlaw-8367	424	18	obtain	obtain	VERB
taxlaw-8367	424	19	that	that	PRON
taxlaw-8367	424	20	would	would	AUX
taxlaw-8367	424	21	justify	justify	VERB
taxlaw-8367	424	22	a	a	DET
taxlaw-8367	424	23	tax	tax	NOUN
taxlaw-8367	424	24	benefit	benefit	NOUN
taxlaw-8367	424	25	did	do	AUX
taxlaw-8367	424	26	not	not	PART
taxlaw-8367	424	27	in	in	ADP
taxlaw-8367	424	28	fact	fact	NOUN
taxlaw-8367	424	29	obtain	obtain	VERB
taxlaw-8367	424	30	.	.	PUNCT
taxlaw-8367	425	1	indeed	indeed	ADV
taxlaw-8367	425	2	,	,	PUNCT
taxlaw-8367	425	3	the	the	DET
taxlaw-8367	425	4	fact	fact	NOUN
taxlaw-8367	425	5	that	that	SCONJ
taxlaw-8367	425	6	the	the	DET
taxlaw-8367	425	7	original	original	ADJ
taxlaw-8367	425	8	transaction	transaction	NOUN
taxlaw-8367	425	9	could	could	AUX
taxlaw-8367	425	10	have	have	AUX
taxlaw-8367	425	11	happened	happen	VERB
taxlaw-8367	425	12	without	without	ADP
taxlaw-8367	425	13	the	the	DET
taxlaw-8367	425	14	tax	tax	NOUN
taxlaw-8367	425	15	benefit	benefit	NOUN
taxlaw-8367	425	16	is	be	AUX
taxlaw-8367	425	17	a	a	DET
taxlaw-8367	425	18	predicate	predicate	NOUN
taxlaw-8367	425	19	to	to	ADP
taxlaw-8367	425	20	applying	apply	VERB
taxlaw-8367	425	21	the	the	DET
taxlaw-8367	425	22	tbr	tbr	NOUN
taxlaw-8367	425	23	,	,	PUNCT
taxlaw-8367	425	24	since	since	SCONJ
taxlaw-8367	425	25	that	that	PRON
taxlaw-8367	425	26	is	be	AUX
taxlaw-8367	425	27	exactly	exactly	ADV
taxlaw-8367	425	28	what	what	PRON
taxlaw-8367	425	29	it	it	PRON
taxlaw-8367	425	30	does	do	AUX
taxlaw-8367	425	31	:	:	PUNCT
taxlaw-8367	425	32	apply	apply	VERB
taxlaw-8367	425	33	the	the	DET
taxlaw-8367	425	34	correct	correct	ADJ
taxlaw-8367	425	35	tax	tax	NOUN
taxlaw-8367	425	36	law	law	NOUN
taxlaw-8367	425	37	to	to	ADP
taxlaw-8367	425	38	what	what	PRON
taxlaw-8367	425	39	actually	actually	ADV
taxlaw-8367	425	40	happened	happen	VERB
taxlaw-8367	425	41	.	.	PUNCT
taxlaw-8367	426	1	in	in	ADP
taxlaw-8367	426	2	the	the	DET
taxlaw-8367	426	3	supplies	supply	NOUN
taxlaw-8367	426	4	case	case	NOUN
taxlaw-8367	426	5	,	,	PUNCT
taxlaw-8367	426	6	no	no	DET
taxlaw-8367	426	7	one	one	NOUN
taxlaw-8367	426	8	asserts	assert	VERB
taxlaw-8367	426	9	that	that	SCONJ
taxlaw-8367	426	10	the	the	DET
taxlaw-8367	426	11	taxpayer	taxpayer	NOUN
taxlaw-8367	426	12	did	do	AUX
taxlaw-8367	426	13	not	not	PART
taxlaw-8367	426	14	purchase	purchase	VERB
taxlaw-8367	426	15	the	the	DET
taxlaw-8367	426	16	supplies	supply	NOUN
taxlaw-8367	426	17	,	,	PUNCT
taxlaw-8367	426	18	but	but	CCONJ
taxlaw-8367	426	19	in	in	ADP
taxlaw-8367	426	20	the	the	DET
taxlaw-8367	426	21	loan	loan	NOUN
taxlaw-8367	426	22	case	case	NOUN
taxlaw-8367	426	23	,	,	PUNCT
taxlaw-8367	426	24	to	to	PART
taxlaw-8367	426	25	characterize	characterize	VERB
taxlaw-8367	426	26	the	the	DET
taxlaw-8367	426	27	forgiveness	forgiveness	NOUN
taxlaw-8367	426	28	as	as	ADP
taxlaw-8367	426	29	akin	akin	ADJ
taxlaw-8367	426	30	to	to	ADP
taxlaw-8367	426	31	an	an	DET
taxlaw-8367	426	32	uncompensated	uncompensated	ADJ
taxlaw-8367	426	33	transfer	transfer	NOUN
taxlaw-8367	426	34	when	when	SCONJ
taxlaw-8367	426	35	the	the	DET
taxlaw-8367	426	36	loan	loan	NOUN
taxlaw-8367	426	37	originated	originate	VERB
taxlaw-8367	426	38	is	be	AUX
taxlaw-8367	426	39	simply	simply	ADV
taxlaw-8367	426	40	question	question	NOUN
taxlaw-8367	426	41	-	-	PUNCT
taxlaw-8367	426	42	begging	begging	NOUN
taxlaw-8367	426	43	.	.	PUNCT
taxlaw-8367	427	1	of	of	ADP
taxlaw-8367	427	2	course	course	NOUN
taxlaw-8367	427	3	such	such	DET
taxlaw-8367	427	4	a	a	DET
taxlaw-8367	427	5	transfer	transfer	NOUN
taxlaw-8367	427	6	would	would	AUX
taxlaw-8367	427	7	generate	generate	VERB
taxlaw-8367	427	8	income	income	NOUN
taxlaw-8367	427	9	,	,	PUNCT
taxlaw-8367	427	10	but	but	CCONJ
taxlaw-8367	427	11	such	such	DET
taxlaw-8367	427	12	a	a	DET
taxlaw-8367	427	13	transfer	transfer	NOUN
taxlaw-8367	427	14	is	be	AUX
taxlaw-8367	427	15	not	not	PART
taxlaw-8367	427	16	a	a	DET
taxlaw-8367	427	17	loan	loan	NOUN
taxlaw-8367	427	18	.	.	PUNCT
taxlaw-8367	428	1	to	to	PART
taxlaw-8367	428	2	treat	treat	VERB
taxlaw-8367	428	3	the	the	DET
taxlaw-8367	428	4	cancellation	cancellation	NOUN
taxlaw-8367	428	5	of	of	ADP
taxlaw-8367	428	6	the	the	DET
taxlaw-8367	428	7	loan	loan	NOUN
taxlaw-8367	428	8	as	as	ADP
taxlaw-8367	428	9	such	such	DET
taxlaw-8367	428	10	a	a	DET
taxlaw-8367	428	11	transfer	transfer	NOUN
taxlaw-8367	428	12	is	be	AUX
taxlaw-8367	428	13	simply	simply	ADV
taxlaw-8367	428	14	to	to	PART
taxlaw-8367	428	15	conclude	conclude	VERB
taxlaw-8367	428	16	that	that	SCONJ
taxlaw-8367	428	17	the	the	DET
taxlaw-8367	428	18	forgiveness	forgiveness	NOUN
taxlaw-8367	428	19	should	should	AUX
taxlaw-8367	428	20	be	be	AUX
taxlaw-8367	428	21	income	income	NOUN
taxlaw-8367	428	22	to	to	ADP
taxlaw-8367	428	23	the	the	DET
taxlaw-8367	428	24	borrower	borrower	NOUN
taxlaw-8367	428	25	,	,	PUNCT
taxlaw-8367	428	26	not	not	PART
taxlaw-8367	428	27	to	to	PART
taxlaw-8367	428	28	argue	argue	VERB
taxlaw-8367	428	29	for	for	ADP
taxlaw-8367	428	30	it	it	PRON
taxlaw-8367	428	31	.	.	PUNCT
taxlaw-8367	429	1	there	there	PRON
taxlaw-8367	429	2	is	be	VERB
taxlaw-8367	429	3	a	a	DET
taxlaw-8367	429	4	further	far	ADV
taxlaw-8367	429	5	related	relate	VERB
taxlaw-8367	429	6	difficulty	difficulty	NOUN
taxlaw-8367	429	7	with	with	ADP
taxlaw-8367	429	8	application	application	NOUN
taxlaw-8367	429	9	of	of	ADP
taxlaw-8367	429	10	the	the	DET
taxlaw-8367	429	11	tbr	tbr	NOUN
taxlaw-8367	429	12	to	to	ADP
taxlaw-8367	429	13	loans	loan	NOUN
taxlaw-8367	429	14	:	:	PUNCT
taxlaw-8367	429	15	how	how	SCONJ
taxlaw-8367	429	16	to	to	PART
taxlaw-8367	429	17	account	account	VERB
taxlaw-8367	429	18	for	for	ADP
taxlaw-8367	429	19	the	the	DET
taxlaw-8367	429	20	interest	interest	NOUN
taxlaw-8367	429	21	that	that	PRON
taxlaw-8367	429	22	was	be	AUX
taxlaw-8367	429	23	paid	pay	VERB
taxlaw-8367	429	24	on	on	ADP
taxlaw-8367	429	25	amounts	amount	NOUN
taxlaw-8367	429	26	discharged	discharge	VERB
taxlaw-8367	429	27	in	in	ADP
taxlaw-8367	429	28	a	a	DET
taxlaw-8367	429	29	later	later	ADJ
taxlaw-8367	429	30	year	year	NOUN
taxlaw-8367	429	31	.	.	PUNCT
taxlaw-8367	430	1	had	have	VERB
taxlaw-8367	430	2	the	the	DET
taxlaw-8367	430	3	parties	party	NOUN
taxlaw-8367	430	4	known	know	VERB
taxlaw-8367	430	5	from	from	ADP
taxlaw-8367	430	6	the	the	DET
taxlaw-8367	430	7	start	start	NOUN
taxlaw-8367	430	8	that	that	SCONJ
taxlaw-8367	430	9	the	the	DET
taxlaw-8367	430	10	borrower	borrower	NOUN
taxlaw-8367	430	11	would	would	AUX
taxlaw-8367	430	12	not	not	PART
taxlaw-8367	430	13	repay	repay	VERB
taxlaw-8367	430	14	the	the	DET
taxlaw-8367	430	15	loan	loan	NOUN
taxlaw-8367	430	16	,	,	PUNCT
taxlaw-8367	430	17	the	the	DET
taxlaw-8367	430	18	borrower	borrower	NOUN
taxlaw-8367	430	19	would	would	AUX
taxlaw-8367	430	20	not	not	PART
taxlaw-8367	430	21	have	have	AUX
taxlaw-8367	430	22	paid	pay	VERB
taxlaw-8367	430	23	interest	interest	NOUN
taxlaw-8367	430	24	on	on	ADP
taxlaw-8367	430	25	that	that	DET
taxlaw-8367	430	26	amount	amount	NOUN
taxlaw-8367	430	27	thereafter	thereafter	ADV
taxlaw-8367	430	28	.	.	PUNCT
taxlaw-8367	431	1	if	if	SCONJ
taxlaw-8367	431	2	one	one	PRON
taxlaw-8367	431	3	wanted	want	VERB
taxlaw-8367	431	4	to	to	PART
taxlaw-8367	431	5	apply	apply	VERB
taxlaw-8367	431	6	the	the	DET
taxlaw-8367	431	7	tbr	tbr	NOUN
taxlaw-8367	431	8	analogy	analogy	NOUN
taxlaw-8367	431	9	consistently	consistently	ADV
taxlaw-8367	431	10	,	,	PUNCT
taxlaw-8367	431	11	one	one	PRON
taxlaw-8367	431	12	would	would	AUX
taxlaw-8367	431	13	have	have	VERB
taxlaw-8367	431	14	to	to	PART
taxlaw-8367	431	15	account	account	VERB
taxlaw-8367	431	16	for	for	ADP
taxlaw-8367	431	17	the	the	DET
taxlaw-8367	431	18	erroneous	erroneous	ADJ
taxlaw-8367	431	19	payment	payment	NOUN
taxlaw-8367	431	20	of	of	ADP
taxlaw-8367	431	21	interest	interest	NOUN
taxlaw-8367	431	22	on	on	ADP
taxlaw-8367	431	23	amounts	amount	NOUN
taxlaw-8367	431	24	that	that	PRON
taxlaw-8367	431	25	were	be	AUX
taxlaw-8367	431	26	not	not	PART
taxlaw-8367	431	27	“	"	PUNCT
taxlaw-8367	431	28	in	in	ADP
taxlaw-8367	431	29	fact	fact	NOUN
taxlaw-8367	431	30	”	"	PUNCT
taxlaw-8367	431	31	borrowed	borrow	VERB
taxlaw-8367	431	32	.	.	PUNCT
taxlaw-8367	432	1	it	it	PRON
taxlaw-8367	432	2	is	be	AUX
taxlaw-8367	432	3	hardly	hardly	ADV
taxlaw-8367	432	4	a	a	DET
taxlaw-8367	432	5	point	point	NOUN
taxlaw-8367	432	6	of	of	ADP
taxlaw-8367	432	7	transactional	transactional	ADJ
taxlaw-8367	432	8	consistency	consistency	NOUN
taxlaw-8367	432	9	to	to	PART
taxlaw-8367	432	10	require	require	VERB
taxlaw-8367	432	11	an	an	DET
taxlaw-8367	432	12	inclusion	inclusion	NOUN
taxlaw-8367	432	13	in	in	ADP
taxlaw-8367	432	14	the	the	DET
taxlaw-8367	432	15	later	later	ADJ
taxlaw-8367	432	16	period	period	NOUN
taxlaw-8367	432	17	of	of	ADP
taxlaw-8367	432	18	the	the	DET
taxlaw-8367	432	19	discharged	discharge	VERB
taxlaw-8367	432	20	amount	amount	NOUN
taxlaw-8367	432	21	but	but	CCONJ
taxlaw-8367	432	22	not	not	PART
taxlaw-8367	432	23	to	to	PART
taxlaw-8367	432	24	account	account	VERB
taxlaw-8367	432	25	for	for	ADP
taxlaw-8367	432	26	the	the	DET
taxlaw-8367	432	27	interest	interest	NOUN
taxlaw-8367	432	28	that	that	PRON
taxlaw-8367	432	29	had	have	AUX
taxlaw-8367	432	30	been	be	AUX
taxlaw-8367	432	31	paid	pay	VERB
taxlaw-8367	432	32	to	to	ADP
taxlaw-8367	432	33	that	that	DET
taxlaw-8367	432	34	point	point	NOUN
taxlaw-8367	432	35	.	.	PUNCT
taxlaw-8367	433	1	one	one	PRON
taxlaw-8367	433	2	might	might	AUX
taxlaw-8367	433	3	object	object	VERB
taxlaw-8367	433	4	that	that	SCONJ
taxlaw-8367	433	5	interest	interest	NOUN
taxlaw-8367	433	6	payment	payment	NOUN
taxlaw-8367	433	7	was	be	AUX
taxlaw-8367	433	8	appropriate	appropriate	ADJ
taxlaw-8367	433	9	given	give	VERB
taxlaw-8367	433	10	that	that	SCONJ
taxlaw-8367	433	11	the	the	DET
taxlaw-8367	433	12	loan	loan	NOUN
taxlaw-8367	433	13	was	be	AUX
taxlaw-8367	433	14	outstanding	outstanding	ADJ
taxlaw-8367	433	15	before	before	ADP
taxlaw-8367	433	16	default	default	NOUN
taxlaw-8367	433	17	,	,	PUNCT
taxlaw-8367	433	18	but	but	CCONJ
taxlaw-8367	433	19	this	this	DET
taxlaw-8367	433	20	observation	observation	NOUN
taxlaw-8367	433	21	simply	simply	ADV
taxlaw-8367	433	22	highlights	highlight	VERB
taxlaw-8367	433	23	that	that	SCONJ
taxlaw-8367	433	24	the	the	DET
taxlaw-8367	433	25	tbr	tbr	NOUN
taxlaw-8367	433	26	analogy	analogy	NOUN
taxlaw-8367	433	27	is	be	AUX
taxlaw-8367	433	28	misplaced	misplace	VERB
taxlaw-8367	433	29	,	,	PUNCT
taxlaw-8367	433	30	not	not	PART
taxlaw-8367	433	31	that	that	SCONJ
taxlaw-8367	433	32	the	the	DET
taxlaw-8367	433	33	interest	interest	NOUN
taxlaw-8367	433	34	should	should	AUX
taxlaw-8367	433	35	be	be	AUX
taxlaw-8367	433	36	retroactively	retroactively	ADV
taxlaw-8367	433	37	canceled	cancel	VERB
taxlaw-8367	433	38	if	if	SCONJ
taxlaw-8367	433	39	the	the	DET
taxlaw-8367	433	40	tbr	tbr	NOUN
taxlaw-8367	433	41	analogy	analogy	NOUN
taxlaw-8367	433	42	is	be	AUX
taxlaw-8367	433	43	to	to	PART
taxlaw-8367	433	44	be	be	AUX
taxlaw-8367	433	45	applied	apply	VERB
taxlaw-8367	433	46	consistently	consistently	ADV
taxlaw-8367	433	47	to	to	ADP
taxlaw-8367	433	48	all	all	DET
taxlaw-8367	433	49	aspects	aspect	NOUN
taxlaw-8367	433	50	of	of	ADP
taxlaw-8367	433	51	the	the	DET
taxlaw-8367	433	52	transaction	transaction	NOUN
taxlaw-8367	433	53	.	.	PUNCT
taxlaw-8367	434	1	under	under	ADP
taxlaw-8367	434	2	the	the	DET
taxlaw-8367	434	3	tbr	tbr	NOUN
taxlaw-8367	434	4	analogy	analogy	NOUN
taxlaw-8367	434	5	,	,	PUNCT
taxlaw-8367	434	6	the	the	DET
taxlaw-8367	434	7	loan	loan	NOUN
taxlaw-8367	434	8	did	do	AUX
taxlaw-8367	434	9	not	not	PART
taxlaw-8367	434	10	occur	occur	VERB
taxlaw-8367	434	11	to	to	ADP
taxlaw-8367	434	12	the	the	DET
taxlaw-8367	434	13	extent	extent	NOUN
taxlaw-8367	434	14	of	of	ADP
taxlaw-8367	434	15	the	the	DET
taxlaw-8367	434	16	discharge	discharge	NOUN
taxlaw-8367	434	17	,	,	PUNCT
taxlaw-8367	434	18	and	and	CCONJ
taxlaw-8367	434	19	therefore	therefore	ADV
taxlaw-8367	434	20	interest	interest	NOUN
taxlaw-8367	434	21	should	should	AUX
taxlaw-8367	434	22	not	not	PART
taxlaw-8367	434	23	have	have	AUX
taxlaw-8367	434	24	accrued	accrue	VERB
taxlaw-8367	434	25	.	.	PUNCT
taxlaw-8367	435	1	iii	iii	X
taxlaw-8367	435	2	.	.	PUNCT
taxlaw-8367	435	3	loan	loan	NOUN
taxlaw-8367	435	4	as	as	ADP
taxlaw-8367	435	5	lease	lease	NOUN
taxlaw-8367	435	6	if	if	SCONJ
taxlaw-8367	435	7	nothing	nothing	PRON
taxlaw-8367	435	8	else	else	ADV
taxlaw-8367	435	9	,	,	PUNCT
taxlaw-8367	435	10	the	the	DET
taxlaw-8367	435	11	criticisms	criticism	NOUN
taxlaw-8367	435	12	reviewed	review	VERB
taxlaw-8367	435	13	above	above	ADP
taxlaw-8367	435	14	of	of	ADP
taxlaw-8367	435	15	the	the	DET
taxlaw-8367	435	16	existing	exist	VERB
taxlaw-8367	435	17	tax	tax	NOUN
taxlaw-8367	435	18	treatment	treatment	NOUN
taxlaw-8367	435	19	of	of	ADP
taxlaw-8367	435	20	loans	loan	NOUN
taxlaw-8367	435	21	indicate	indicate	VERB
taxlaw-8367	435	22	that	that	SCONJ
taxlaw-8367	435	23	the	the	DET
taxlaw-8367	435	24	treatment	treatment	NOUN
taxlaw-8367	435	25	rests	rest	VERB
taxlaw-8367	435	26	on	on	ADP
taxlaw-8367	435	27	shaky	shaky	ADJ
taxlaw-8367	435	28	conceptual	conceptual	ADJ
taxlaw-8367	435	29	ground	ground	NOUN
taxlaw-8367	435	30	.	.	PUNCT
taxlaw-8367	436	1	even	even	ADV
taxlaw-8367	436	2	if	if	SCONJ
taxlaw-8367	436	3	one	one	PRON
taxlaw-8367	436	4	agrees	agree	VERB
taxlaw-8367	436	5	with	with	ADP
taxlaw-8367	436	6	the	the	DET
taxlaw-8367	436	7	current	current	ADJ
taxlaw-8367	436	8	regime	regime	NOUN
taxlaw-8367	436	9	(	(	PUNCT
taxlaw-8367	436	10	in	in	ADP
taxlaw-8367	436	11	whole	whole	NOUN
taxlaw-8367	436	12	or	or	CCONJ
taxlaw-8367	436	13	part	part	NOUN
taxlaw-8367	436	14	)	)	PUNCT
taxlaw-8367	436	15	,	,	PUNCT
taxlaw-8367	436	16	the	the	DET
taxlaw-8367	436	17	regime	regime	NOUN
taxlaw-8367	436	18	seems	seem	VERB
taxlaw-8367	436	19	hard	hard	ADJ
taxlaw-8367	436	20	to	to	PART
taxlaw-8367	436	21	defend	defend	VERB
taxlaw-8367	436	22	in	in	ADP
taxlaw-8367	436	23	its	its	PRON
taxlaw-8367	436	24	entirety	entirety	NOUN
taxlaw-8367	436	25	given	give	VERB
taxlaw-8367	436	26	the	the	DET
taxlaw-8367	436	27	standard	standard	ADJ
taxlaw-8367	436	28	view	view	NOUN
taxlaw-8367	436	29	of	of	ADP
taxlaw-8367	436	30	the	the	DET
taxlaw-8367	436	31	nature	nature	NOUN
taxlaw-8367	436	32	of	of	ADP
taxlaw-8367	436	33	the	the	DET
taxlaw-8367	436	34	loan	loan	NOUN
taxlaw-8367	436	35	transaction	transaction	NOUN
taxlaw-8367	436	36	.	.	PUNCT
taxlaw-8367	437	1	this	this	DET
taxlaw-8367	437	2	part	part	NOUN
taxlaw-8367	437	3	develops	develop	VERB
taxlaw-8367	437	4	the	the	DET
taxlaw-8367	437	5	point	point	NOUN
taxlaw-8367	437	6	that	that	SCONJ
taxlaw-8367	437	7	there	there	PRON
taxlaw-8367	437	8	are	be	VERB
taxlaw-8367	437	9	substantial	substantial	ADJ
taxlaw-8367	437	10	reasons	reason	NOUN
taxlaw-8367	437	11	to	to	PART
taxlaw-8367	437	12	treat	treat	VERB
taxlaw-8367	437	13	the	the	DET
taxlaw-8367	437	14	criticisms	criticism	NOUN
taxlaw-8367	437	15	as	as	ADP
taxlaw-8367	437	16	evidence	evidence	NOUN
taxlaw-8367	437	17	of	of	ADP
taxlaw-8367	437	18	the	the	DET
taxlaw-8367	437	19	failure	failure	NOUN
taxlaw-8367	437	20	of	of	ADP
taxlaw-8367	437	21	the	the	DET
taxlaw-8367	437	22	standard	standard	ADJ
taxlaw-8367	437	23	view	view	NOUN
taxlaw-8367	437	24	rather	rather	ADV
taxlaw-8367	437	25	than	than	ADP
taxlaw-8367	437	26	as	as	ADP
taxlaw-8367	437	27	cogent	cogent	ADJ
taxlaw-8367	437	28	challenges	challenge	NOUN
taxlaw-8367	437	29	to	to	ADP
taxlaw-8367	437	30	(	(	PUNCT
taxlaw-8367	437	31	most	most	ADJ
taxlaw-8367	437	32	of	of	ADP
taxlaw-8367	437	33	)	)	PUNCT
taxlaw-8367	437	34	the	the	DET
taxlaw-8367	437	35	existing	exist	VERB
taxlaw-8367	437	36	tax	tax	NOUN
taxlaw-8367	437	37	rules	rule	NOUN
taxlaw-8367	437	38	.	.	PUNCT
taxlaw-8367	438	1	the	the	DET
taxlaw-8367	438	2	basic	basic	ADJ
taxlaw-8367	438	3	difficulty	difficulty	NOUN
taxlaw-8367	438	4	with	with	ADP
taxlaw-8367	438	5	the	the	DET
taxlaw-8367	438	6	standard	standard	ADJ
taxlaw-8367	438	7	view	view	NOUN
taxlaw-8367	438	8	is	be	AUX
taxlaw-8367	438	9	that	that	SCONJ
taxlaw-8367	438	10	it	it	PRON
taxlaw-8367	438	11	mistakes	mistake	VERB
taxlaw-8367	438	12	the	the	DET
taxlaw-8367	438	13	physical	physical	ADJ
taxlaw-8367	438	14	events	event	NOUN
taxlaw-8367	438	15	that	that	PRON
taxlaw-8367	438	16	occur	occur	VERB
taxlaw-8367	438	17	in	in	ADP
taxlaw-8367	438	18	the	the	DET
taxlaw-8367	438	19	loan	loan	NOUN
taxlaw-8367	438	20	transaction	transaction	NOUN
taxlaw-8367	438	21	for	for	ADP
taxlaw-8367	438	22	the	the	DET
taxlaw-8367	438	23	legal	legal	ADJ
taxlaw-8367	438	24	relations	relation	NOUN
taxlaw-8367	438	25	that	that	PRON
taxlaw-8367	438	26	the	the	DET
taxlaw-8367	438	27	loan	loan	NOUN
taxlaw-8367	438	28	creates	create	VERB
taxlaw-8367	438	29	between	between	ADP
taxlaw-8367	438	30	the	the	DET
taxlaw-8367	438	31	parties.95	parties.95	NOUN
taxlaw-8367	438	32	a	a	DET
taxlaw-8367	438	33	focus	focus	NOUN
taxlaw-8367	438	34	on	on	ADP
taxlaw-8367	438	35	the	the	DET
taxlaw-8367	438	36	legal	legal	ADJ
taxlaw-8367	438	37	relations	relation	NOUN
taxlaw-8367	438	38	demonstrates	demonstrate	VERB
taxlaw-8367	438	39	that	that	SCONJ
taxlaw-8367	438	40	a	a	DET
taxlaw-8367	438	41	loan	loan	NOUN
taxlaw-8367	438	42	is	be	AUX
taxlaw-8367	438	43	closely	closely	ADV
taxlaw-8367	438	44	94	94	NUM
taxlaw-8367	438	45	bittker	bittker	NOUN
taxlaw-8367	438	46	&	&	CCONJ
taxlaw-8367	438	47	lokken	lokken	PROPN
taxlaw-8367	438	48	,	,	PUNCT
taxlaw-8367	438	49	supra	supra	PROPN
taxlaw-8367	438	50	,	,	PUNCT
taxlaw-8367	438	51	note3	note3	PROPN
taxlaw-8367	438	52	,	,	PUNCT
taxlaw-8367	438	53	at	at	ADP
taxlaw-8367	438	54	¶	¶	PROPN
taxlaw-8367	438	55	7.1	7.1	NUM
taxlaw-8367	438	56	(	(	PUNCT
taxlaw-8367	438	57	footnote	footnote	NOUN
taxlaw-8367	438	58	omitted	omit	VERB
taxlaw-8367	438	59	)	)	PUNCT
taxlaw-8367	438	60	.	.	PUNCT
taxlaw-8367	439	1	95	95	NUM
taxlaw-8367	439	2	in	in	ADP
taxlaw-8367	439	3	this	this	DET
taxlaw-8367	439	4	respect	respect	NOUN
taxlaw-8367	439	5	,	,	PUNCT
taxlaw-8367	439	6	the	the	DET
taxlaw-8367	439	7	criticism	criticism	NOUN
taxlaw-8367	439	8	developed	develop	VERB
taxlaw-8367	439	9	here	here	ADV
taxlaw-8367	439	10	represents	represent	VERB
taxlaw-8367	439	11	an	an	DET
taxlaw-8367	439	12	instance	instance	NOUN
taxlaw-8367	439	13	of	of	ADP
taxlaw-8367	439	14	what	what	PRON
taxlaw-8367	439	15	hohfeld	hohfeld	VERB
taxlaw-8367	439	16	characterized	characterize	VERB
taxlaw-8367	439	17	as	as	ADP
taxlaw-8367	439	18	a	a	DET
taxlaw-8367	439	19	general	general	ADJ
taxlaw-8367	439	20	problem	problem	NOUN
taxlaw-8367	439	21	of	of	ADP
taxlaw-8367	439	22	jurisprudence	jurisprudence	NOUN
taxlaw-8367	439	23	.	.	PUNCT
taxlaw-8367	440	1	see	see	VERB
taxlaw-8367	440	2	hohfeld	hohfeld	PROPN
taxlaw-8367	440	3	,	,	PUNCT
taxlaw-8367	440	4	supra	supra	PROPN
taxlaw-8367	440	5	note	note	PROPN
taxlaw-8367	440	6	17	17	NUM
taxlaw-8367	440	7	,	,	PUNCT
taxlaw-8367	440	8	at	at	ADP
taxlaw-8367	440	9	22	22	NUM
taxlaw-8367	440	10	-	-	SYM
taxlaw-8367	440	11	25	25	NUM
taxlaw-8367	440	12	.	.	PUNCT
taxlaw-8367	441	1	see	see	VERB
taxlaw-8367	441	2	also	also	ADV
taxlaw-8367	441	3	pierre	pierre	NOUN
taxlaw-8367	441	4	schlag	schlag	NOUN
taxlaw-8367	441	5	,	,	PUNCT
taxlaw-8367	441	6	how	how	SCONJ
taxlaw-8367	441	7	to	to	PART
taxlaw-8367	441	8	do	do	VERB
taxlaw-8367	441	9	things	thing	NOUN
taxlaw-8367	441	10	with	with	ADP
taxlaw-8367	441	11	hohfeld	hohfeld	ADJ
taxlaw-8367	441	12	,	,	PUNCT
taxlaw-8367	441	13	78	78	NUM
taxlaw-8367	441	14	l.	l.	PROPN
taxlaw-8367	441	15	&	&	CCONJ
taxlaw-8367	441	16	contemp	contemp	PROPN
taxlaw-8367	441	17	.	.	PUNCT
taxlaw-8367	442	1	prob	prob	PROPN
taxlaw-8367	442	2	.	.	PROPN
taxlaw-8367	443	1	185	185	NUM
taxlaw-8367	443	2	,	,	PUNCT
taxlaw-8367	443	3	193	193	NUM
taxlaw-8367	443	4	(	(	PUNCT
taxlaw-8367	443	5	2015	2015	NUM
taxlaw-8367	443	6	)	)	PUNCT
taxlaw-8367	443	7	(	(	PUNCT
taxlaw-8367	443	8	“	"	PUNCT
taxlaw-8367	443	9	the	the	DET
taxlaw-8367	443	10	second	second	ADJ
taxlaw-8367	443	11	kind	kind	NOUN
taxlaw-8367	443	12	of	of	ADP
taxlaw-8367	443	13	mistake	mistake	NOUN
taxlaw-8367	443	14	[	[	X
taxlaw-8367	443	15	that	that	PRON
taxlaw-8367	443	16	hohfeld	hohfeld	VERB
taxlaw-8367	443	17	106	106	NUM
taxlaw-8367	443	18	columbia	columbia	PROPN
taxlaw-8367	443	19	journal	journal	PROPN
taxlaw-8367	443	20	of	of	ADP
taxlaw-8367	443	21	tax	tax	NOUN
taxlaw-8367	443	22	law	law	NOUN
taxlaw-8367	444	1	[	[	X
taxlaw-8367	444	2	vol	vol	NOUN
taxlaw-8367	444	3	.	.	PUNCT
taxlaw-8367	444	4	12:89	12:89	NUM
taxlaw-8367	444	5	akin	akin	ADJ
taxlaw-8367	444	6	to	to	ADP
taxlaw-8367	444	7	an	an	DET
taxlaw-8367	444	8	ordinary	ordinary	ADJ
taxlaw-8367	444	9	lease	lease	NOUN
taxlaw-8367	444	10	arrangement	arrangement	NOUN
taxlaw-8367	444	11	.	.	PUNCT
taxlaw-8367	445	1	as	as	SCONJ
taxlaw-8367	445	2	indicated	indicate	VERB
taxlaw-8367	445	3	earlier	early	ADV
taxlaw-8367	445	4	,	,	PUNCT
taxlaw-8367	445	5	lal	lal	PROPN
taxlaw-8367	445	6	does	do	AUX
taxlaw-8367	445	7	not	not	PART
taxlaw-8367	445	8	result	result	VERB
taxlaw-8367	445	9	in	in	ADP
taxlaw-8367	445	10	tax	tax	NOUN
taxlaw-8367	445	11	rules	rule	NOUN
taxlaw-8367	445	12	that	that	PRON
taxlaw-8367	445	13	differ	differ	VERB
taxlaw-8367	445	14	materially	materially	ADV
taxlaw-8367	445	15	from	from	ADP
taxlaw-8367	445	16	those	those	PRON
taxlaw-8367	445	17	just	just	ADV
taxlaw-8367	445	18	described	describe	VERB
taxlaw-8367	445	19	.	.	PUNCT
taxlaw-8367	446	1	it	it	PRON
taxlaw-8367	446	2	does	do	AUX
taxlaw-8367	446	3	,	,	PUNCT
taxlaw-8367	446	4	however	however	ADV
taxlaw-8367	446	5	,	,	PUNCT
taxlaw-8367	446	6	have	have	VERB
taxlaw-8367	446	7	two	two	NUM
taxlaw-8367	446	8	important	important	ADJ
taxlaw-8367	446	9	virtues	virtue	NOUN
taxlaw-8367	446	10	.	.	PUNCT
taxlaw-8367	447	1	first	first	ADV
taxlaw-8367	447	2	,	,	PUNCT
taxlaw-8367	447	3	it	it	PRON
taxlaw-8367	447	4	places	place	VERB
taxlaw-8367	447	5	the	the	DET
taxlaw-8367	447	6	existing	exist	VERB
taxlaw-8367	447	7	rules	rule	NOUN
taxlaw-8367	447	8	on	on	ADP
taxlaw-8367	447	9	firmer	firm	ADJ
taxlaw-8367	447	10	foundations	foundation	NOUN
taxlaw-8367	447	11	,	,	PUNCT
taxlaw-8367	447	12	eliminating	eliminate	VERB
taxlaw-8367	447	13	significant	significant	ADJ
taxlaw-8367	447	14	confusion	confusion	NOUN
taxlaw-8367	447	15	about	about	ADP
taxlaw-8367	447	16	the	the	DET
taxlaw-8367	447	17	conceptual	conceptual	ADJ
taxlaw-8367	447	18	basis	basis	NOUN
taxlaw-8367	447	19	for	for	ADP
taxlaw-8367	447	20	the	the	DET
taxlaw-8367	447	21	current	current	ADJ
taxlaw-8367	447	22	regime	regime	NOUN
taxlaw-8367	447	23	and	and	CCONJ
taxlaw-8367	447	24	,	,	PUNCT
taxlaw-8367	447	25	one	one	NUM
taxlaw-8367	447	26	hopes	hope	VERB
taxlaw-8367	447	27	,	,	PUNCT
taxlaw-8367	447	28	tamping	tamp	VERB
taxlaw-8367	447	29	down	down	ADP
taxlaw-8367	447	30	calls	call	NOUN
taxlaw-8367	447	31	for	for	ADP
taxlaw-8367	447	32	reform	reform	NOUN
taxlaw-8367	447	33	that	that	PRON
taxlaw-8367	447	34	purport	purport	NOUN
taxlaw-8367	447	35	to	to	PART
taxlaw-8367	447	36	rest	rest	VERB
taxlaw-8367	447	37	on	on	ADP
taxlaw-8367	447	38	the	the	DET
taxlaw-8367	447	39	nature	nature	NOUN
taxlaw-8367	447	40	of	of	ADP
taxlaw-8367	447	41	an	an	DET
taxlaw-8367	447	42	income	income	NOUN
taxlaw-8367	447	43	tax	tax	NOUN
taxlaw-8367	447	44	.	.	PUNCT
taxlaw-8367	448	1	second	second	ADJ
taxlaw-8367	448	2	,	,	PUNCT
taxlaw-8367	448	3	lal	lal	PROPN
taxlaw-8367	448	4	has	have	VERB
taxlaw-8367	448	5	important	important	ADJ
taxlaw-8367	448	6	ramifications	ramification	NOUN
taxlaw-8367	448	7	for	for	ADP
taxlaw-8367	448	8	the	the	DET
taxlaw-8367	448	9	existing	exist	VERB
taxlaw-8367	448	10	rules	rule	NOUN
taxlaw-8367	448	11	in	in	ADP
taxlaw-8367	448	12	the	the	DET
taxlaw-8367	448	13	partnership	partnership	NOUN
taxlaw-8367	448	14	tax	tax	NOUN
taxlaw-8367	448	15	area	area	NOUN
taxlaw-8367	448	16	because	because	SCONJ
taxlaw-8367	448	17	of	of	ADP
taxlaw-8367	448	18	the	the	DET
taxlaw-8367	448	19	mechanism	mechanism	NOUN
taxlaw-8367	448	20	that	that	PRON
taxlaw-8367	448	21	the	the	DET
taxlaw-8367	448	22	partnership	partnership	NOUN
taxlaw-8367	448	23	tax	tax	NOUN
taxlaw-8367	448	24	regulations	regulation	NOUN
taxlaw-8367	448	25	adopt	adopt	VERB
taxlaw-8367	448	26	to	to	PART
taxlaw-8367	448	27	allocate	allocate	VERB
taxlaw-8367	448	28	basis	basis	NOUN
taxlaw-8367	448	29	credit	credit	NOUN
taxlaw-8367	448	30	among	among	ADP
taxlaw-8367	448	31	the	the	DET
taxlaw-8367	448	32	partners	partner	NOUN
taxlaw-8367	448	33	when	when	SCONJ
taxlaw-8367	448	34	the	the	DET
taxlaw-8367	448	35	partnership	partnership	NOUN
taxlaw-8367	448	36	borrows.96	borrows.96	PROPN
taxlaw-8367	448	37	as	as	ADP
taxlaw-8367	448	38	contrasted	contrast	VERB
taxlaw-8367	448	39	with	with	ADP
taxlaw-8367	448	40	the	the	DET
taxlaw-8367	448	41	three	three	NUM
taxlaw-8367	448	42	propositions	proposition	NOUN
taxlaw-8367	448	43	that	that	PRON
taxlaw-8367	448	44	have	have	AUX
taxlaw-8367	448	45	been	be	AUX
taxlaw-8367	448	46	the	the	DET
taxlaw-8367	448	47	focus	focus	NOUN
taxlaw-8367	448	48	to	to	ADP
taxlaw-8367	448	49	this	this	DET
taxlaw-8367	448	50	point	point	NOUN
taxlaw-8367	448	51	,	,	PUNCT
taxlaw-8367	448	52	lal	lal	PROPN
taxlaw-8367	448	53	would	would	AUX
taxlaw-8367	448	54	counsel	counsel	VERB
taxlaw-8367	448	55	significant	significant	ADJ
taxlaw-8367	448	56	changes	change	NOUN
taxlaw-8367	448	57	to	to	ADP
taxlaw-8367	448	58	the	the	DET
taxlaw-8367	448	59	partnership	partnership	NOUN
taxlaw-8367	448	60	tax	tax	NOUN
taxlaw-8367	448	61	rules	rule	NOUN
taxlaw-8367	448	62	.	.	PUNCT
taxlaw-8367	449	1	the	the	DET
taxlaw-8367	449	2	discussion	discussion	NOUN
taxlaw-8367	449	3	in	in	ADP
taxlaw-8367	449	4	this	this	DET
taxlaw-8367	449	5	part	part	NOUN
taxlaw-8367	449	6	proceeds	proceed	NOUN
taxlaw-8367	449	7	as	as	SCONJ
taxlaw-8367	449	8	follows	follow	VERB
taxlaw-8367	449	9	.	.	PUNCT
taxlaw-8367	450	1	subpart	subpart	VERB
taxlaw-8367	450	2	a	a	DET
taxlaw-8367	450	3	develops	develop	VERB
taxlaw-8367	450	4	the	the	DET
taxlaw-8367	450	5	analysis	analysis	NOUN
taxlaw-8367	450	6	of	of	ADP
taxlaw-8367	450	7	lal	lal	PROPN
taxlaw-8367	450	8	.	.	PUNCT
taxlaw-8367	451	1	subpart	subpart	PROPN
taxlaw-8367	451	2	b	b	PROPN
taxlaw-8367	451	3	analyzes	analyze	VERB
taxlaw-8367	451	4	the	the	DET
taxlaw-8367	451	5	tax	tax	NOUN
taxlaw-8367	451	6	consequences	consequence	NOUN
taxlaw-8367	451	7	of	of	ADP
taxlaw-8367	451	8	a	a	DET
taxlaw-8367	451	9	simple	simple	ADJ
taxlaw-8367	451	10	loan	loan	NOUN
taxlaw-8367	451	11	in	in	ADP
taxlaw-8367	451	12	which	which	PRON
taxlaw-8367	451	13	the	the	DET
taxlaw-8367	451	14	loan	loan	NOUN
taxlaw-8367	451	15	creates	create	VERB
taxlaw-8367	451	16	no	no	DET
taxlaw-8367	451	17	risk	risk	NOUN
taxlaw-8367	451	18	of	of	ADP
taxlaw-8367	451	19	loss	loss	NOUN
taxlaw-8367	451	20	to	to	ADP
taxlaw-8367	451	21	the	the	DET
taxlaw-8367	451	22	lender	lender	NOUN
taxlaw-8367	451	23	.	.	PUNCT
taxlaw-8367	452	1	the	the	DET
taxlaw-8367	452	2	objective	objective	NOUN
taxlaw-8367	452	3	is	be	AUX
taxlaw-8367	452	4	to	to	PART
taxlaw-8367	452	5	characterize	characterize	VERB
taxlaw-8367	452	6	the	the	DET
taxlaw-8367	452	7	legal	legal	ADJ
taxlaw-8367	452	8	relations	relation	NOUN
taxlaw-8367	452	9	that	that	PRON
taxlaw-8367	452	10	arise	arise	VERB
taxlaw-8367	452	11	purely	purely	ADV
taxlaw-8367	452	12	from	from	ADP
taxlaw-8367	452	13	a	a	DET
taxlaw-8367	452	14	purchase	purchase	NOUN
taxlaw-8367	452	15	of	of	ADP
taxlaw-8367	452	16	liquidity	liquidity	NOUN
taxlaw-8367	452	17	.	.	PUNCT
taxlaw-8367	453	1	risk	risk	NOUN
taxlaw-8367	453	2	of	of	ADP
taxlaw-8367	453	3	loss	loss	NOUN
taxlaw-8367	453	4	is	be	AUX
taxlaw-8367	453	5	present	present	ADJ
taxlaw-8367	453	6	,	,	PUNCT
taxlaw-8367	453	7	however	however	ADV
taxlaw-8367	453	8	,	,	PUNCT
taxlaw-8367	453	9	in	in	ADP
taxlaw-8367	453	10	most	most	ADJ
taxlaw-8367	453	11	loan	loan	NOUN
taxlaw-8367	453	12	arrangements	arrangement	NOUN
taxlaw-8367	453	13	,	,	PUNCT
taxlaw-8367	453	14	and	and	CCONJ
taxlaw-8367	453	15	its	its	PRON
taxlaw-8367	453	16	presence	presence	NOUN
taxlaw-8367	453	17	signifies	signify	VERB
taxlaw-8367	453	18	that	that	SCONJ
taxlaw-8367	453	19	the	the	DET
taxlaw-8367	453	20	borrower	borrower	NOUN
taxlaw-8367	453	21	purchases	purchase	VERB
taxlaw-8367	453	22	more	more	ADJ
taxlaw-8367	453	23	than	than	ADP
taxlaw-8367	453	24	liquidity	liquidity	NOUN
taxlaw-8367	453	25	in	in	ADP
taxlaw-8367	453	26	the	the	DET
taxlaw-8367	453	27	loan	loan	NOUN
taxlaw-8367	453	28	.	.	PUNCT
taxlaw-8367	454	1	when	when	SCONJ
taxlaw-8367	454	2	risk	risk	NOUN
taxlaw-8367	454	3	is	be	AUX
taxlaw-8367	454	4	present	present	ADJ
taxlaw-8367	454	5	,	,	PUNCT
taxlaw-8367	454	6	the	the	DET
taxlaw-8367	454	7	arrangement	arrangement	NOUN
taxlaw-8367	454	8	includes	include	VERB
taxlaw-8367	454	9	a	a	DET
taxlaw-8367	454	10	risk	risk	NOUN
taxlaw-8367	454	11	-	-	PUNCT
taxlaw-8367	454	12	shifting	shift	VERB
taxlaw-8367	454	13	provision	provision	NOUN
taxlaw-8367	454	14	that	that	PRON
taxlaw-8367	454	15	requires	require	VERB
taxlaw-8367	454	16	separate	separate	ADJ
taxlaw-8367	454	17	analysis	analysis	NOUN
taxlaw-8367	454	18	.	.	PUNCT
taxlaw-8367	455	1	that	that	DET
taxlaw-8367	455	2	analysis	analysis	NOUN
taxlaw-8367	455	3	,	,	PUNCT
taxlaw-8367	455	4	however	however	ADV
taxlaw-8367	455	5	,	,	PUNCT
taxlaw-8367	455	6	does	do	AUX
taxlaw-8367	455	7	not	not	PART
taxlaw-8367	455	8	change	change	VERB
taxlaw-8367	455	9	the	the	DET
taxlaw-8367	455	10	basic	basic	ADJ
taxlaw-8367	455	11	conclusion	conclusion	NOUN
taxlaw-8367	455	12	that	that	SCONJ
taxlaw-8367	455	13	ongoing	ongoing	ADJ
taxlaw-8367	455	14	payments	payment	NOUN
taxlaw-8367	455	15	from	from	ADP
taxlaw-8367	455	16	the	the	DET
taxlaw-8367	455	17	borrower	borrower	NOUN
taxlaw-8367	455	18	to	to	ADP
taxlaw-8367	455	19	the	the	DET
taxlaw-8367	455	20	lender	lender	NOUN
taxlaw-8367	455	21	reflect	reflect	VERB
taxlaw-8367	455	22	the	the	DET
taxlaw-8367	455	23	full	full	ADJ
taxlaw-8367	455	24	cost	cost	NOUN
taxlaw-8367	455	25	of	of	ADP
taxlaw-8367	455	26	what	what	PRON
taxlaw-8367	455	27	is	be	AUX
taxlaw-8367	455	28	purchased	purchase	VERB
taxlaw-8367	455	29	under	under	ADP
taxlaw-8367	455	30	the	the	DET
taxlaw-8367	455	31	loan	loan	NOUN
taxlaw-8367	455	32	.	.	PUNCT
taxlaw-8367	456	1	the	the	DET
taxlaw-8367	456	2	addition	addition	NOUN
taxlaw-8367	456	3	of	of	ADP
taxlaw-8367	456	4	risk	risk	NOUN
taxlaw-8367	456	5	-	-	PUNCT
taxlaw-8367	456	6	shifting	shift	VERB
taxlaw-8367	456	7	is	be	AUX
taxlaw-8367	456	8	the	the	DET
taxlaw-8367	456	9	subject	subject	NOUN
taxlaw-8367	456	10	of	of	ADP
taxlaw-8367	456	11	subpart	subpart	PROPN
taxlaw-8367	456	12	c.	c.	PROPN
taxlaw-8367	456	13	finally	finally	ADV
taxlaw-8367	456	14	,	,	PUNCT
taxlaw-8367	456	15	subpart	subpart	NOUN
taxlaw-8367	456	16	d	d	NOUN
taxlaw-8367	456	17	addresses	address	VERB
taxlaw-8367	456	18	the	the	DET
taxlaw-8367	456	19	question	question	NOUN
taxlaw-8367	456	20	of	of	ADP
taxlaw-8367	456	21	whether	whether	SCONJ
taxlaw-8367	456	22	the	the	DET
taxlaw-8367	456	23	tax	tax	NOUN
taxlaw-8367	456	24	treatment	treatment	NOUN
taxlaw-8367	456	25	of	of	ADP
taxlaw-8367	456	26	loan	loan	NOUN
taxlaw-8367	456	27	proceeds	proceed	NOUN
taxlaw-8367	456	28	ought	ought	AUX
taxlaw-8367	456	29	to	to	PART
taxlaw-8367	456	30	depend	depend	VERB
taxlaw-8367	456	31	on	on	ADP
taxlaw-8367	456	32	whether	whether	SCONJ
taxlaw-8367	456	33	the	the	DET
taxlaw-8367	456	34	interest	interest	NOUN
taxlaw-8367	456	35	is	be	AUX
taxlaw-8367	456	36	deductible	deductible	ADJ
taxlaw-8367	456	37	.	.	PUNCT
taxlaw-8367	457	1	a.	a.	NOUN
taxlaw-8367	457	2	what	what	PRON
taxlaw-8367	457	3	is	be	AUX
taxlaw-8367	457	4	a	a	DET
taxlaw-8367	457	5	loan	loan	NOUN
taxlaw-8367	457	6	?	?	PUNCT
taxlaw-8367	458	1	the	the	DET
taxlaw-8367	458	2	standard	standard	ADJ
taxlaw-8367	458	3	view	view	NOUN
taxlaw-8367	458	4	characterizes	characterize	VERB
taxlaw-8367	458	5	a	a	DET
taxlaw-8367	458	6	loan	loan	NOUN
taxlaw-8367	458	7	as	as	ADP
taxlaw-8367	458	8	a	a	DET
taxlaw-8367	458	9	swap	swap	NOUN
taxlaw-8367	458	10	of	of	ADP
taxlaw-8367	458	11	cash	cash	NOUN
taxlaw-8367	458	12	for	for	ADP
taxlaw-8367	458	13	promises	promise	NOUN
taxlaw-8367	458	14	to	to	PART
taxlaw-8367	458	15	pay	pay	VERB
taxlaw-8367	458	16	interest	interest	NOUN
taxlaw-8367	458	17	and	and	CCONJ
taxlaw-8367	458	18	to	to	PART
taxlaw-8367	458	19	return	return	VERB
taxlaw-8367	458	20	the	the	DET
taxlaw-8367	458	21	cash	cash	NOUN
taxlaw-8367	458	22	by	by	ADP
taxlaw-8367	458	23	the	the	DET
taxlaw-8367	458	24	end	end	NOUN
taxlaw-8367	458	25	of	of	ADP
taxlaw-8367	458	26	the	the	DET
taxlaw-8367	458	27	term	term	NOUN
taxlaw-8367	458	28	.	.	PUNCT
taxlaw-8367	459	1	lal	lal	PROPN
taxlaw-8367	459	2	views	view	VERB
taxlaw-8367	459	3	the	the	DET
taxlaw-8367	459	4	consideration	consideration	NOUN
taxlaw-8367	459	5	in	in	ADP
taxlaw-8367	459	6	a	a	DET
taxlaw-8367	459	7	loan	loan	NOUN
taxlaw-8367	459	8	transaction	transaction	NOUN
taxlaw-8367	459	9	by	by	ADP
taxlaw-8367	459	10	analogy	analogy	NOUN
taxlaw-8367	459	11	to	to	ADP
taxlaw-8367	459	12	the	the	DET
taxlaw-8367	459	13	rent	rent	NOUN
taxlaw-8367	459	14	that	that	SCONJ
taxlaw-8367	459	15	a	a	DET
taxlaw-8367	459	16	lessee	lessee	NOUN
taxlaw-8367	459	17	pays	pay	VERB
taxlaw-8367	459	18	to	to	ADP
taxlaw-8367	459	19	the	the	DET
taxlaw-8367	459	20	lessor	lessor	NOUN
taxlaw-8367	459	21	,	,	PUNCT
taxlaw-8367	459	22	the	the	DET
taxlaw-8367	459	23	analog	analog	NOUN
taxlaw-8367	459	24	of	of	ADP
taxlaw-8367	459	25	which	which	PRON
taxlaw-8367	459	26	is	be	AUX
taxlaw-8367	459	27	interest	interest	NOUN
taxlaw-8367	459	28	paid	pay	VERB
taxlaw-8367	459	29	for	for	ADP
taxlaw-8367	459	30	use	use	NOUN
taxlaw-8367	459	31	.	.	PUNCT
taxlaw-8367	460	1	if	if	SCONJ
taxlaw-8367	460	2	the	the	DET
taxlaw-8367	460	3	consideration	consideration	NOUN
taxlaw-8367	460	4	for	for	ADP
taxlaw-8367	460	5	the	the	DET
taxlaw-8367	460	6	loan	loan	NOUN
taxlaw-8367	460	7	is	be	AUX
taxlaw-8367	460	8	simply	simply	ADV
taxlaw-8367	460	9	the	the	DET
taxlaw-8367	460	10	obligation	obligation	NOUN
taxlaw-8367	460	11	to	to	PART
taxlaw-8367	460	12	pay	pay	VERB
taxlaw-8367	460	13	interest	interest	NOUN
taxlaw-8367	460	14	,	,	PUNCT
taxlaw-8367	460	15	essentially	essentially	ADV
taxlaw-8367	460	16	all	all	PRON
taxlaw-8367	460	17	of	of	ADP
taxlaw-8367	460	18	the	the	DET
taxlaw-8367	460	19	tax	tax	NOUN
taxlaw-8367	460	20	problems	problem	NOUN
taxlaw-8367	460	21	asserted	assert	VERB
taxlaw-8367	460	22	to	to	PART
taxlaw-8367	460	23	exist	exist	VERB
taxlaw-8367	460	24	under	under	ADP
taxlaw-8367	460	25	the	the	DET
taxlaw-8367	460	26	standard	standard	ADJ
taxlaw-8367	460	27	view	view	NOUN
taxlaw-8367	460	28	disappear	disappear	VERB
taxlaw-8367	460	29	.	.	PUNCT
taxlaw-8367	461	1	begin	begin	VERB
taxlaw-8367	461	2	with	with	ADP
taxlaw-8367	461	3	a	a	DET
taxlaw-8367	461	4	basic	basic	ADJ
taxlaw-8367	461	5	lease	lease	NOUN
taxlaw-8367	461	6	.	.	PUNCT
taxlaw-8367	462	1	in	in	ADP
taxlaw-8367	462	2	a	a	DET
taxlaw-8367	462	3	simple	simple	ADJ
taxlaw-8367	462	4	lease	lease	NOUN
taxlaw-8367	462	5	arrangement	arrangement	NOUN
taxlaw-8367	462	6	,	,	PUNCT
taxlaw-8367	462	7	the	the	DET
taxlaw-8367	462	8	lessee	lessee	NOUN
taxlaw-8367	462	9	enjoys	enjoy	VERB
taxlaw-8367	462	10	use	use	NOUN
taxlaw-8367	462	11	of	of	ADP
taxlaw-8367	462	12	the	the	DET
taxlaw-8367	462	13	underlying	underlie	VERB
taxlaw-8367	462	14	property	property	NOUN
taxlaw-8367	462	15	for	for	ADP
taxlaw-8367	462	16	a	a	DET
taxlaw-8367	462	17	specified	specified	ADJ
taxlaw-8367	462	18	term	term	NOUN
taxlaw-8367	462	19	in	in	ADP
taxlaw-8367	462	20	exchange	exchange	NOUN
taxlaw-8367	462	21	for	for	ADP
taxlaw-8367	462	22	periodic	periodic	ADJ
taxlaw-8367	462	23	rental	rental	ADJ
taxlaw-8367	462	24	payments.97	payments.97	NOUN
taxlaw-8367	462	25	the	the	DET
taxlaw-8367	462	26	parties	party	NOUN
taxlaw-8367	462	27	do	do	AUX
taxlaw-8367	462	28	not	not	PART
taxlaw-8367	462	29	contemplate	contemplate	VERB
taxlaw-8367	462	30	their	their	PRON
taxlaw-8367	462	31	bargain	bargain	NOUN
taxlaw-8367	462	32	to	to	PART
taxlaw-8367	462	33	consist	consist	VERB
taxlaw-8367	462	34	of	of	ADP
taxlaw-8367	462	35	a	a	DET
taxlaw-8367	462	36	transfer	transfer	NOUN
taxlaw-8367	462	37	of	of	ADP
taxlaw-8367	462	38	the	the	DET
taxlaw-8367	462	39	fee	fee	NOUN
taxlaw-8367	462	40	interest	interest	NOUN
taxlaw-8367	462	41	in	in	ADP
taxlaw-8367	462	42	exchange	exchange	NOUN
taxlaw-8367	462	43	for	for	ADP
taxlaw-8367	462	44	the	the	DET
taxlaw-8367	462	45	promise	promise	NOUN
taxlaw-8367	462	46	to	to	PART
taxlaw-8367	462	47	return	return	VERB
taxlaw-8367	462	48	it	it	PRON
taxlaw-8367	462	49	together	together	ADV
taxlaw-8367	462	50	with	with	ADP
taxlaw-8367	462	51	rent	rent	NOUN
taxlaw-8367	462	52	,	,	PUNCT
taxlaw-8367	462	53	and	and	CCONJ
taxlaw-8367	462	54	the	the	DET
taxlaw-8367	462	55	law	law	NOUN
taxlaw-8367	462	56	does	do	AUX
taxlaw-8367	462	57	not	not	PART
taxlaw-8367	462	58	so	so	ADV
taxlaw-8367	462	59	treat	treat	VERB
taxlaw-8367	462	60	it	it	PRON
taxlaw-8367	462	61	.	.	PUNCT
taxlaw-8367	463	1	(	(	PUNCT
taxlaw-8367	463	2	if	if	SCONJ
taxlaw-8367	463	3	it	it	PRON
taxlaw-8367	463	4	did	do	VERB
taxlaw-8367	463	5	,	,	PUNCT
taxlaw-8367	463	6	nonpayment	nonpayment	NOUN
taxlaw-8367	463	7	of	of	ADP
taxlaw-8367	463	8	rent	rent	NOUN
taxlaw-8367	463	9	would	would	AUX
taxlaw-8367	463	10	not	not	PART
taxlaw-8367	463	11	necessarily	necessarily	ADV
taxlaw-8367	463	12	be	be	AUX
taxlaw-8367	463	13	a	a	DET
taxlaw-8367	463	14	basis	basis	NOUN
taxlaw-8367	463	15	to	to	PART
taxlaw-8367	463	16	terminate	terminate	VERB
taxlaw-8367	463	17	the	the	DET
taxlaw-8367	463	18	lease98	lease98	NOUN
taxlaw-8367	463	19	)	)	PUNCT
taxlaw-8367	463	20	.	.	PUNCT
taxlaw-8367	464	1	rather	rather	ADV
taxlaw-8367	464	2	,	,	PUNCT
taxlaw-8367	464	3	the	the	DET
taxlaw-8367	464	4	leasehold	leasehold	NOUN
taxlaw-8367	464	5	is	be	AUX
taxlaw-8367	464	6	its	its	PRON
taxlaw-8367	464	7	own	own	ADJ
taxlaw-8367	464	8	interest	interest	NOUN
taxlaw-8367	464	9	in	in	ADP
taxlaw-8367	464	10	the	the	DET
taxlaw-8367	464	11	land	land	NOUN
taxlaw-8367	464	12	that	that	PRON
taxlaw-8367	464	13	the	the	DET
taxlaw-8367	464	14	lessee	lessee	NOUN
taxlaw-8367	464	15	purchases	purchase	VERB
taxlaw-8367	464	16	;	;	PUNCT
taxlaw-8367	464	17	the	the	DET
taxlaw-8367	464	18	transfer	transfer	NOUN
taxlaw-8367	464	19	and	and	CCONJ
taxlaw-8367	464	20	retransfer	retransfer	NOUN
taxlaw-8367	464	21	of	of	ADP
taxlaw-8367	464	22	(	(	PUNCT
taxlaw-8367	464	23	mere	mere	ADJ
taxlaw-8367	464	24	)	)	PUNCT
taxlaw-8367	464	25	possession	possession	NOUN
taxlaw-8367	464	26	,	,	PUNCT
taxlaw-8367	464	27	which	which	PRON
taxlaw-8367	464	28	physically	physically	ADV
taxlaw-8367	464	29	resemble	resemble	VERB
taxlaw-8367	464	30	transfers	transfer	NOUN
taxlaw-8367	464	31	of	of	ADP
taxlaw-8367	464	32	a	a	DET
taxlaw-8367	464	33	fee	fee	NOUN
taxlaw-8367	464	34	interest	interest	NOUN
taxlaw-8367	464	35	,	,	PUNCT
taxlaw-8367	464	36	identified	identify	VERB
taxlaw-8367	464	37	]	]	PUNCT
taxlaw-8367	464	38	.	.	PUNCT
taxlaw-8367	464	39	.	.	PUNCT
taxlaw-8367	465	1	.	.	PUNCT
taxlaw-8367	466	1	lies	lie	VERB
taxlaw-8367	466	2	in	in	ADP
taxlaw-8367	466	3	confusing	confuse	VERB
taxlaw-8367	466	4	and	and	CCONJ
taxlaw-8367	466	5	conflating	conflate	VERB
taxlaw-8367	466	6	legal	legal	ADJ
taxlaw-8367	466	7	‘	'	PUNCT
taxlaw-8367	466	8	concepts	concept	NOUN
taxlaw-8367	466	9	’	'	PUNCT
taxlaw-8367	466	10	with	with	ADP
taxlaw-8367	466	11	the	the	DET
taxlaw-8367	466	12	nonlegal	nonlegal	ADJ
taxlaw-8367	466	13	‘	'	PUNCT
taxlaw-8367	466	14	objects	object	NOUN
taxlaw-8367	466	15	’	'	PUNCT
taxlaw-8367	466	16	to	to	PART
taxlaw-8367	466	17	which	which	PRON
taxlaw-8367	466	18	they	they	PRON
taxlaw-8367	466	19	ostensibly	ostensibly	ADV
taxlaw-8367	466	20	apply	apply	VERB
taxlaw-8367	466	21	.	.	PUNCT
taxlaw-8367	466	22	”	"	PUNCT
taxlaw-8367	466	23	)	)	PUNCT
taxlaw-8367	466	24	.	.	PUNCT
taxlaw-8367	467	1	96	96	NUM
taxlaw-8367	467	2	see	see	VERB
taxlaw-8367	467	3	in	in	ADP
taxlaw-8367	467	4	particular	particular	ADJ
taxlaw-8367	467	5	treas	treas	PROPN
taxlaw-8367	467	6	.	.	PUNCT
taxlaw-8367	468	1	reg	reg	PROPN
taxlaw-8367	468	2	.	.	PUNCT
taxlaw-8367	469	1	§	§	PROPN
taxlaw-8367	469	2	§	§	PROPN
taxlaw-8367	469	3	1.752–1	1.752–1	NUM
taxlaw-8367	469	4	,	,	PUNCT
taxlaw-8367	469	5	–	–	PUNCT
taxlaw-8367	469	6	2	2	NUM
taxlaw-8367	469	7	&	&	CCONJ
taxlaw-8367	469	8	–	–	PUNCT
taxlaw-8367	469	9	3	3	NUM
taxlaw-8367	469	10	.	.	NOUN
taxlaw-8367	469	11	97	97	NUM
taxlaw-8367	469	12	for	for	ADP
taxlaw-8367	469	13	typical	typical	ADJ
taxlaw-8367	469	14	definitions	definition	NOUN
taxlaw-8367	469	15	,	,	PUNCT
taxlaw-8367	469	16	see	see	VERB
taxlaw-8367	469	17	,	,	PUNCT
taxlaw-8367	469	18	e.g.	e.g.	ADV
taxlaw-8367	469	19	,	,	PUNCT
taxlaw-8367	469	20	u.c.c	u.c.c	ADV
taxlaw-8367	469	21	.	.	PUNCT
taxlaw-8367	470	1	§	§	PROPN
taxlaw-8367	470	2	2a–103(1)(j	2a–103(1)(j	NUM
taxlaw-8367	470	3	)	)	PUNCT
taxlaw-8367	470	4	(	(	PUNCT
taxlaw-8367	470	5	am	be	AUX
taxlaw-8367	470	6	.	.	PUNCT
taxlaw-8367	470	7	l.	l.	PROPN
taxlaw-8367	470	8	inst	inst	PROPN
taxlaw-8367	470	9	.	.	PROPN
taxlaw-8367	470	10	&	&	CCONJ
taxlaw-8367	470	11	unif	unif	PROPN
taxlaw-8367	470	12	.	.	PUNCT
taxlaw-8367	471	1	l.	l.	PROPN
taxlaw-8367	471	2	comm’n	comm’n	PROPN
taxlaw-8367	471	3	1977	1977	NUM
taxlaw-8367	471	4	)	)	PUNCT
taxlaw-8367	471	5	(	(	PUNCT
taxlaw-8367	471	6	“	"	PUNCT
taxlaw-8367	471	7	‘	'	PUNCT
taxlaw-8367	471	8	lease	lease	NOUN
taxlaw-8367	471	9	’	'	PUNCT
taxlaw-8367	471	10	means	mean	VERB
taxlaw-8367	471	11	a	a	DET
taxlaw-8367	471	12	transfer	transfer	NOUN
taxlaw-8367	471	13	of	of	ADP
taxlaw-8367	471	14	the	the	DET
taxlaw-8367	471	15	right	right	NOUN
taxlaw-8367	471	16	to	to	PART
taxlaw-8367	471	17	possession	possession	VERB
taxlaw-8367	471	18	and	and	CCONJ
taxlaw-8367	471	19	use	use	NOUN
taxlaw-8367	471	20	of	of	ADP
taxlaw-8367	471	21	goods	good	NOUN
taxlaw-8367	471	22	for	for	ADP
taxlaw-8367	471	23	a	a	DET
taxlaw-8367	471	24	term	term	NOUN
taxlaw-8367	471	25	in	in	ADP
taxlaw-8367	471	26	return	return	NOUN
taxlaw-8367	471	27	for	for	ADP
taxlaw-8367	471	28	consideration	consideration	NOUN
taxlaw-8367	471	29	.	.	PUNCT
taxlaw-8367	471	30	.	.	PUNCT
taxlaw-8367	472	1	.	.	PUNCT
taxlaw-8367	472	2	”	"	PUNCT
taxlaw-8367	472	3	)	)	PUNCT
taxlaw-8367	472	4	;	;	PUNCT
taxlaw-8367	472	5	15	15	NUM
taxlaw-8367	472	6	west	west	PROPN
taxlaw-8367	472	7	’s	’s	PROPN
taxlaw-8367	472	8	texas	texas	PROPN
taxlaw-8367	472	9	forms	form	NOUN
taxlaw-8367	472	10	§	§	PROPN
taxlaw-8367	472	11	16.1	16.1	NUM
taxlaw-8367	472	12	(	(	PUNCT
taxlaw-8367	472	13	“	"	PUNCT
taxlaw-8367	472	14	a	a	DET
taxlaw-8367	472	15	‘	'	PUNCT
taxlaw-8367	472	16	lease	lease	NOUN
taxlaw-8367	472	17	’	'	PUNCT
taxlaw-8367	472	18	is	be	AUX
taxlaw-8367	472	19	a	a	DET
taxlaw-8367	472	20	contract	contract	NOUN
taxlaw-8367	472	21	by	by	ADP
taxlaw-8367	472	22	which	which	PRON
taxlaw-8367	472	23	a	a	DET
taxlaw-8367	472	24	property	property	NOUN
taxlaw-8367	472	25	owner	owner	NOUN
taxlaw-8367	472	26	grants	grant	VERB
taxlaw-8367	472	27	the	the	DET
taxlaw-8367	472	28	right	right	NOUN
taxlaw-8367	472	29	to	to	PART
taxlaw-8367	472	30	possess	possess	VERB
taxlaw-8367	472	31	property	property	NOUN
taxlaw-8367	472	32	for	for	ADP
taxlaw-8367	472	33	specified	specified	ADJ
taxlaw-8367	472	34	period	period	NOUN
taxlaw-8367	472	35	of	of	ADP
taxlaw-8367	472	36	time	time	NOUN
taxlaw-8367	472	37	in	in	ADP
taxlaw-8367	472	38	exchange	exchange	NOUN
taxlaw-8367	472	39	for	for	ADP
taxlaw-8367	472	40	a	a	DET
taxlaw-8367	472	41	periodic	periodic	ADJ
taxlaw-8367	472	42	payment	payment	NOUN
taxlaw-8367	472	43	of	of	ADP
taxlaw-8367	472	44	a	a	DET
taxlaw-8367	472	45	stipulated	stipulate	VERB
taxlaw-8367	472	46	price	price	NOUN
taxlaw-8367	472	47	,	,	PUNCT
taxlaw-8367	472	48	or	or	CCONJ
taxlaw-8367	472	49	‘	'	PUNCT
taxlaw-8367	472	50	rent	rent	NOUN
taxlaw-8367	472	51	.	.	PUNCT
taxlaw-8367	472	52	’	'	PUNCT
taxlaw-8367	472	53	”	"	PUNCT
taxlaw-8367	473	1	)	)	PUNCT
taxlaw-8367	473	2	(	(	PUNCT
taxlaw-8367	473	3	citation	citation	NOUN
taxlaw-8367	473	4	omitted	omit	VERB
taxlaw-8367	473	5	)	)	PUNCT
taxlaw-8367	473	6	.	.	PUNCT
taxlaw-8367	474	1	the	the	DET
taxlaw-8367	474	2	restatement	restatement	NOUN
taxlaw-8367	474	3	of	of	ADP
taxlaw-8367	474	4	property	property	NOUN
taxlaw-8367	474	5	defines	define	NOUN
taxlaw-8367	474	6	a	a	DET
taxlaw-8367	474	7	lease	lease	NOUN
taxlaw-8367	474	8	to	to	PART
taxlaw-8367	474	9	involve	involve	VERB
taxlaw-8367	474	10	a	a	DET
taxlaw-8367	474	11	transfer	transfer	NOUN
taxlaw-8367	474	12	of	of	ADP
taxlaw-8367	474	13	possession	possession	NOUN
taxlaw-8367	474	14	,	,	PUNCT
taxlaw-8367	474	15	as	as	SCONJ
taxlaw-8367	474	16	contrasted	contrast	VERB
taxlaw-8367	474	17	with	with	ADP
taxlaw-8367	474	18	a	a	DET
taxlaw-8367	474	19	transfer	transfer	NOUN
taxlaw-8367	474	20	of	of	ADP
taxlaw-8367	474	21	ownership	ownership	NOUN
taxlaw-8367	474	22	.	.	PUNCT
taxlaw-8367	475	1	see	see	VERB
taxlaw-8367	475	2	restatement	restatement	NOUN
taxlaw-8367	475	3	(	(	PUNCT
taxlaw-8367	475	4	second	second	ADJ
taxlaw-8367	475	5	)	)	PUNCT
taxlaw-8367	475	6	of	of	ADP
taxlaw-8367	475	7	prop	prop	NOUN
taxlaw-8367	475	8	.	.	PUNCT
taxlaw-8367	475	9	,	,	PUNCT
taxlaw-8367	475	10	landlord	landlord	PROPN
taxlaw-8367	475	11	&	&	CCONJ
taxlaw-8367	475	12	tenant	tenant	PROPN
taxlaw-8367	475	13	,	,	PUNCT
taxlaw-8367	475	14	§	§	PROPN
taxlaw-8367	475	15	1.2	1.2	NUM
taxlaw-8367	475	16	(	(	PUNCT
taxlaw-8367	475	17	am	am	PROPN
taxlaw-8367	475	18	.	.	PUNCT
taxlaw-8367	476	1	l.	l.	PROPN
taxlaw-8367	476	2	inst	inst	PROPN
taxlaw-8367	476	3	.	.	PROPN
taxlaw-8367	476	4	1977	1977	NUM
taxlaw-8367	476	5	)	)	PUNCT
taxlaw-8367	476	6	.	.	PUNCT
taxlaw-8367	477	1	the	the	DET
taxlaw-8367	477	2	restatement	restatement	NOUN
taxlaw-8367	477	3	also	also	ADV
taxlaw-8367	477	4	characterizes	characterize	VERB
taxlaw-8367	477	5	as	as	ADP
taxlaw-8367	477	6	“	"	PUNCT
taxlaw-8367	477	7	the	the	DET
taxlaw-8367	477	8	most	most	ADV
taxlaw-8367	477	9	crucial	crucial	ADJ
taxlaw-8367	477	10	point	point	NOUN
taxlaw-8367	477	11	”	"	PUNCT
taxlaw-8367	477	12	of	of	ADP
taxlaw-8367	477	13	the	the	DET
taxlaw-8367	477	14	parties	party	NOUN
taxlaw-8367	477	15	’	'	PUNCT
taxlaw-8367	477	16	covenants	covenant	NOUN
taxlaw-8367	477	17	“	"	PUNCT
taxlaw-8367	477	18	the	the	DET
taxlaw-8367	477	19	landlord	landlord	NOUN
taxlaw-8367	477	20	's	's	PART
taxlaw-8367	477	21	right	right	NOUN
taxlaw-8367	477	22	to	to	PART
taxlaw-8367	477	23	terminate	terminate	VERB
taxlaw-8367	477	24	the	the	DET
taxlaw-8367	477	25	lease	lease	NOUN
taxlaw-8367	477	26	and	and	CCONJ
taxlaw-8367	477	27	regain	regain	VERB
taxlaw-8367	477	28	possession	possession	NOUN
taxlaw-8367	477	29	for	for	ADP
taxlaw-8367	477	30	non	non	ADJ
taxlaw-8367	477	31	-	-	NOUN
taxlaw-8367	477	32	payment	payment	NOUN
taxlaw-8367	477	33	of	of	ADP
taxlaw-8367	477	34	rent	rent	NOUN
taxlaw-8367	477	35	.	.	PUNCT
taxlaw-8367	477	36	”	"	PUNCT
taxlaw-8367	478	1	i	i	PRON
taxlaw-8367	478	2	d.	d.	PROPN
taxlaw-8367	478	3	at	at	ADP
taxlaw-8367	478	4	part	part	NOUN
taxlaw-8367	478	5	i.	i.	PROPN
taxlaw-8367	478	6	98	98	NUM
taxlaw-8367	478	7	see	see	VERB
taxlaw-8367	478	8	,	,	PUNCT
taxlaw-8367	478	9	e.g.	e.g.	ADV
taxlaw-8367	478	10	,	,	PUNCT
taxlaw-8367	478	11	restatement	restatement	NOUN
taxlaw-8367	478	12	(	(	PUNCT
taxlaw-8367	478	13	second	second	ADJ
taxlaw-8367	478	14	)	)	PUNCT
taxlaw-8367	478	15	of	of	ADP
taxlaw-8367	478	16	prop	prop	NOUN
taxlaw-8367	478	17	.	.	PUNCT
taxlaw-8367	479	1	§	§	PROPN
taxlaw-8367	479	2	13.1	13.1	NUM
taxlaw-8367	479	3	(	(	PUNCT
taxlaw-8367	479	4	am	am	PROPN
taxlaw-8367	479	5	.	.	PUNCT
taxlaw-8367	479	6	l.	l.	PROPN
taxlaw-8367	479	7	inst	inst	PROPN
taxlaw-8367	479	8	.	.	PROPN
taxlaw-8367	479	9	1977	1977	NUM
taxlaw-8367	479	10	)	)	PUNCT
taxlaw-8367	479	11	(	(	PUNCT
taxlaw-8367	479	12	tenant	tenant	NOUN
taxlaw-8367	479	13	’s	’s	PART
taxlaw-8367	479	14	nonperformance	nonperformance	NOUN
taxlaw-8367	479	15	of	of	ADP
taxlaw-8367	479	16	promises	promise	NOUN
taxlaw-8367	479	17	under	under	ADP
taxlaw-8367	479	18	the	the	DET
taxlaw-8367	479	19	lease	lease	NOUN
taxlaw-8367	479	20	entitles	entitle	VERB
taxlaw-8367	479	21	landlord	landlord	NOUN
taxlaw-8367	479	22	to	to	PART
taxlaw-8367	479	23	terminate	terminate	VERB
taxlaw-8367	479	24	lease	lease	NOUN
taxlaw-8367	479	25	)	)	PUNCT
taxlaw-8367	479	26	.	.	PUNCT
taxlaw-8367	480	1	2021	2021	NUM
taxlaw-8367	480	2	]	]	PUNCT
taxlaw-8367	480	3	debt	debt	NOUN
taxlaw-8367	480	4	and	and	CCONJ
taxlaw-8367	480	5	taxes	taxis	NOUN
taxlaw-8367	480	6	107	107	NUM
taxlaw-8367	480	7	are	be	AUX
taxlaw-8367	480	8	incidental	incidental	ADJ
taxlaw-8367	480	9	to	to	ADP
taxlaw-8367	480	10	the	the	DET
taxlaw-8367	480	11	purchase	purchase	NOUN
taxlaw-8367	480	12	of	of	ADP
taxlaw-8367	480	13	the	the	DET
taxlaw-8367	480	14	leasehold	leasehold	NOUN
taxlaw-8367	480	15	.	.	PUNCT
taxlaw-8367	481	1	if	if	SCONJ
taxlaw-8367	481	2	it	it	PRON
taxlaw-8367	481	3	were	be	AUX
taxlaw-8367	481	4	possible	possible	ADJ
taxlaw-8367	481	5	(	(	PUNCT
taxlaw-8367	481	6	and	and	CCONJ
taxlaw-8367	481	7	perhaps	perhaps	ADV
taxlaw-8367	481	8	it	it	PRON
taxlaw-8367	481	9	someday	someday	ADV
taxlaw-8367	481	10	will	will	AUX
taxlaw-8367	481	11	be	be	AUX
taxlaw-8367	481	12	possible	possible	ADJ
taxlaw-8367	481	13	)	)	PUNCT
taxlaw-8367	481	14	to	to	PART
taxlaw-8367	481	15	effectuate	effectuate	VERB
taxlaw-8367	481	16	the	the	DET
taxlaw-8367	481	17	transfer	transfer	NOUN
taxlaw-8367	481	18	of	of	ADP
taxlaw-8367	481	19	a	a	DET
taxlaw-8367	481	20	time	time	NOUN
taxlaw-8367	481	21	-	-	PUNCT
taxlaw-8367	481	22	slice	slice	NOUN
taxlaw-8367	481	23	such	such	ADJ
taxlaw-8367	481	24	as	as	ADP
taxlaw-8367	481	25	a	a	DET
taxlaw-8367	481	26	leasehold	leasehold	NOUN
taxlaw-8367	481	27	by	by	ADP
taxlaw-8367	481	28	literally	literally	ADV
taxlaw-8367	481	29	separating	separate	VERB
taxlaw-8367	481	30	the	the	DET
taxlaw-8367	481	31	parts	part	NOUN
taxlaw-8367	481	32	of	of	ADP
taxlaw-8367	481	33	the	the	DET
taxlaw-8367	481	34	assets	asset	NOUN
taxlaw-8367	481	35	temporally	temporally	ADV
taxlaw-8367	481	36	,	,	PUNCT
taxlaw-8367	481	37	there	there	PRON
taxlaw-8367	481	38	would	would	AUX
taxlaw-8367	481	39	be	be	AUX
taxlaw-8367	481	40	no	no	DET
taxlaw-8367	481	41	physical	physical	ADJ
taxlaw-8367	481	42	transfer	transfer	NOUN
taxlaw-8367	481	43	of	of	ADP
taxlaw-8367	481	44	the	the	DET
taxlaw-8367	481	45	remainder	remainder	NOUN
taxlaw-8367	481	46	interest	interest	NOUN
taxlaw-8367	481	47	in	in	ADP
taxlaw-8367	481	48	the	the	DET
taxlaw-8367	481	49	subject	subject	ADJ
taxlaw-8367	481	50	property	property	NOUN
taxlaw-8367	481	51	—	—	PUNCT
taxlaw-8367	481	52	at	at	ADP
taxlaw-8367	481	53	least	least	ADJ
taxlaw-8367	481	54	in	in	ADP
taxlaw-8367	481	55	the	the	DET
taxlaw-8367	481	56	case	case	NOUN
taxlaw-8367	481	57	of	of	ADP
taxlaw-8367	481	58	a	a	DET
taxlaw-8367	481	59	riskless	riskless	NOUN
taxlaw-8367	481	60	lease	lease	NOUN
taxlaw-8367	481	61	.	.	PUNCT
taxlaw-8367	482	1	rather	rather	ADV
taxlaw-8367	482	2	the	the	DET
taxlaw-8367	482	3	leasehold	leasehold	NOUN
taxlaw-8367	482	4	would	would	AUX
taxlaw-8367	482	5	simply	simply	ADV
taxlaw-8367	482	6	disappear	disappear	VERB
taxlaw-8367	482	7	at	at	ADP
taxlaw-8367	482	8	the	the	DET
taxlaw-8367	482	9	end	end	NOUN
taxlaw-8367	482	10	of	of	ADP
taxlaw-8367	482	11	the	the	DET
taxlaw-8367	482	12	rental	rental	ADJ
taxlaw-8367	482	13	term	term	NOUN
taxlaw-8367	482	14	(	(	PUNCT
taxlaw-8367	482	15	or	or	CCONJ
taxlaw-8367	482	16	earlier	early	ADV
taxlaw-8367	482	17	on	on	ADP
taxlaw-8367	482	18	default	default	NOUN
taxlaw-8367	482	19	)	)	PUNCT
taxlaw-8367	482	20	and	and	CCONJ
taxlaw-8367	482	21	the	the	DET
taxlaw-8367	482	22	fee	fee	NOUN
taxlaw-8367	482	23	would	would	AUX
taxlaw-8367	482	24	reappear	reappear	VERB
taxlaw-8367	482	25	to	to	ADP
taxlaw-8367	482	26	the	the	DET
taxlaw-8367	482	27	holder	holder	NOUN
taxlaw-8367	482	28	of	of	ADP
taxlaw-8367	482	29	the	the	DET
taxlaw-8367	482	30	remainder	remainder	NOUN
taxlaw-8367	482	31	.	.	PUNCT
taxlaw-8367	483	1	indeed	indeed	ADV
taxlaw-8367	483	2	,	,	PUNCT
taxlaw-8367	483	3	a	a	DET
taxlaw-8367	483	4	similar	similar	ADJ
taxlaw-8367	483	5	type	type	NOUN
taxlaw-8367	483	6	of	of	ADP
taxlaw-8367	483	7	arrangement	arrangement	NOUN
taxlaw-8367	483	8	is	be	AUX
taxlaw-8367	483	9	already	already	ADV
taxlaw-8367	483	10	common	common	ADJ
taxlaw-8367	483	11	in	in	ADP
taxlaw-8367	483	12	certain	certain	ADJ
taxlaw-8367	483	13	licensing	licensing	NOUN
taxlaw-8367	483	14	transactions	transaction	NOUN
taxlaw-8367	483	15	involving	involve	VERB
taxlaw-8367	483	16	computer	computer	NOUN
taxlaw-8367	483	17	software.99	software.99	NOUN
taxlaw-8367	483	18	the	the	DET
taxlaw-8367	483	19	owner	owner	NOUN
taxlaw-8367	483	20	of	of	ADP
taxlaw-8367	483	21	the	the	DET
taxlaw-8367	483	22	software	software	NOUN
taxlaw-8367	483	23	licenses	license	VERB
taxlaw-8367	483	24	the	the	DET
taxlaw-8367	483	25	right	right	NOUN
taxlaw-8367	483	26	to	to	PART
taxlaw-8367	483	27	use	use	VERB
taxlaw-8367	483	28	the	the	DET
taxlaw-8367	483	29	software	software	NOUN
taxlaw-8367	483	30	for	for	ADP
taxlaw-8367	483	31	a	a	DET
taxlaw-8367	483	32	period	period	NOUN
taxlaw-8367	483	33	and	and	CCONJ
taxlaw-8367	483	34	also	also	ADV
taxlaw-8367	483	35	controls	control	VERB
taxlaw-8367	483	36	the	the	DET
taxlaw-8367	483	37	software	software	NOUN
taxlaw-8367	483	38	itself	itself	PRON
taxlaw-8367	483	39	such	such	ADJ
taxlaw-8367	483	40	that	that	SCONJ
taxlaw-8367	483	41	the	the	DET
taxlaw-8367	483	42	licensee	licensee	NOUN
taxlaw-8367	483	43	is	be	AUX
taxlaw-8367	483	44	literally	literally	ADV
taxlaw-8367	483	45	unable	unable	ADJ
taxlaw-8367	483	46	to	to	PART
taxlaw-8367	483	47	use	use	VERB
taxlaw-8367	483	48	the	the	DET
taxlaw-8367	483	49	software	software	NOUN
taxlaw-8367	483	50	on	on	ADP
taxlaw-8367	483	51	expiration	expiration	NOUN
taxlaw-8367	483	52	of	of	ADP
taxlaw-8367	483	53	the	the	DET
taxlaw-8367	483	54	license	license	NOUN
taxlaw-8367	483	55	.	.	PUNCT
taxlaw-8367	484	1	one	one	PRON
taxlaw-8367	484	2	might	might	AUX
taxlaw-8367	484	3	consider	consider	VERB
taxlaw-8367	484	4	the	the	DET
taxlaw-8367	484	5	difference	difference	NOUN
taxlaw-8367	484	6	between	between	ADP
taxlaw-8367	484	7	lal	lal	PROPN
taxlaw-8367	484	8	and	and	CCONJ
taxlaw-8367	484	9	the	the	DET
taxlaw-8367	484	10	standard	standard	ADJ
taxlaw-8367	484	11	view	view	NOUN
taxlaw-8367	484	12	to	to	PART
taxlaw-8367	484	13	be	be	AUX
taxlaw-8367	484	14	a	a	DET
taxlaw-8367	484	15	matter	matter	NOUN
taxlaw-8367	484	16	of	of	ADP
taxlaw-8367	484	17	arbitrary	arbitrary	ADJ
taxlaw-8367	484	18	choice	choice	NOUN
taxlaw-8367	484	19	,	,	PUNCT
taxlaw-8367	484	20	much	much	ADV
taxlaw-8367	484	21	as	as	SCONJ
taxlaw-8367	484	22	the	the	DET
taxlaw-8367	484	23	ptolemaic	ptolemaic	PROPN
taxlaw-8367	484	24	and	and	CCONJ
taxlaw-8367	484	25	copernican	copernican	PROPN
taxlaw-8367	484	26	theories	theory	NOUN
taxlaw-8367	484	27	of	of	ADP
taxlaw-8367	484	28	the	the	DET
taxlaw-8367	484	29	solar	solar	ADJ
taxlaw-8367	484	30	system	system	NOUN
taxlaw-8367	484	31	are	be	AUX
taxlaw-8367	484	32	in	in	ADP
taxlaw-8367	484	33	some	some	DET
taxlaw-8367	484	34	sense	sense	NOUN
taxlaw-8367	484	35	merely	merely	ADV
taxlaw-8367	484	36	alternative	alternative	ADJ
taxlaw-8367	484	37	descriptions	description	NOUN
taxlaw-8367	484	38	of	of	ADP
taxlaw-8367	484	39	the	the	DET
taxlaw-8367	484	40	same	same	ADJ
taxlaw-8367	484	41	basic	basic	ADJ
taxlaw-8367	484	42	reality.100	reality.100	NOUN
taxlaw-8367	484	43	in	in	ADP
taxlaw-8367	484	44	that	that	DET
taxlaw-8367	484	45	case	case	NOUN
taxlaw-8367	484	46	,	,	PUNCT
taxlaw-8367	484	47	viewing	view	VERB
taxlaw-8367	484	48	a	a	DET
taxlaw-8367	484	49	loan	loan	NOUN
taxlaw-8367	484	50	as	as	ADP
taxlaw-8367	484	51	a	a	DET
taxlaw-8367	484	52	rental	rental	NOUN
taxlaw-8367	484	53	of	of	ADP
taxlaw-8367	484	54	money	money	NOUN
taxlaw-8367	484	55	would	would	AUX
taxlaw-8367	484	56	not	not	PART
taxlaw-8367	484	57	be	be	AUX
taxlaw-8367	484	58	superior	superior	ADJ
taxlaw-8367	484	59	to	to	ADP
taxlaw-8367	484	60	the	the	DET
taxlaw-8367	484	61	standard	standard	ADJ
taxlaw-8367	484	62	view	view	NOUN
taxlaw-8367	484	63	,	,	PUNCT
taxlaw-8367	484	64	except	except	SCONJ
taxlaw-8367	484	65	perhaps	perhaps	ADV
taxlaw-8367	484	66	in	in	ADP
taxlaw-8367	484	67	its	its	PRON
taxlaw-8367	484	68	having	have	VERB
taxlaw-8367	484	69	the	the	DET
taxlaw-8367	484	70	aesthetically	aesthetically	ADV
taxlaw-8367	484	71	pleasing	pleasing	ADJ
taxlaw-8367	484	72	property	property	NOUN
taxlaw-8367	484	73	of	of	ADP
taxlaw-8367	484	74	greater	great	ADJ
taxlaw-8367	484	75	simplicity	simplicity	NOUN
taxlaw-8367	484	76	.	.	PUNCT
taxlaw-8367	485	1	the	the	DET
taxlaw-8367	485	2	differences	difference	NOUN
taxlaw-8367	485	3	,	,	PUNCT
taxlaw-8367	485	4	however	however	ADV
taxlaw-8367	485	5	,	,	PUNCT
taxlaw-8367	485	6	run	run	VERB
taxlaw-8367	485	7	deeper	deep	ADJ
taxlaw-8367	485	8	than	than	ADP
taxlaw-8367	485	9	aesthetics	aesthetic	NOUN
taxlaw-8367	485	10	.	.	PUNCT
taxlaw-8367	486	1	remaining	remain	VERB
taxlaw-8367	486	2	for	for	ADP
taxlaw-8367	486	3	the	the	DET
taxlaw-8367	486	4	moment	moment	NOUN
taxlaw-8367	486	5	with	with	ADP
taxlaw-8367	486	6	a	a	DET
taxlaw-8367	486	7	riskless	riskless	NOUN
taxlaw-8367	486	8	loan	loan	NOUN
taxlaw-8367	486	9	,	,	PUNCT
taxlaw-8367	486	10	the	the	DET
taxlaw-8367	486	11	rationale	rationale	NOUN
taxlaw-8367	486	12	for	for	ADP
taxlaw-8367	486	13	treating	treat	VERB
taxlaw-8367	486	14	the	the	DET
taxlaw-8367	486	15	lessee	lessee	NOUN
taxlaw-8367	486	16	as	as	ADP
taxlaw-8367	486	17	purchasing	purchase	VERB
taxlaw-8367	486	18	a	a	DET
taxlaw-8367	486	19	time	time	NOUN
taxlaw-8367	486	20	-	-	PUNCT
taxlaw-8367	486	21	limited	limit	VERB
taxlaw-8367	486	22	interest	interest	NOUN
taxlaw-8367	486	23	in	in	ADP
taxlaw-8367	486	24	the	the	DET
taxlaw-8367	486	25	property	property	NOUN
taxlaw-8367	486	26	and	and	CCONJ
taxlaw-8367	486	27	not	not	PART
taxlaw-8367	486	28	as	as	ADP
taxlaw-8367	486	29	receiving	receive	VERB
taxlaw-8367	486	30	the	the	DET
taxlaw-8367	486	31	fee	fee	NOUN
taxlaw-8367	486	32	subject	subject	NOUN
taxlaw-8367	486	33	to	to	ADP
taxlaw-8367	486	34	a	a	DET
taxlaw-8367	486	35	return	return	NOUN
taxlaw-8367	486	36	obligation	obligation	NOUN
taxlaw-8367	486	37	is	be	AUX
taxlaw-8367	486	38	that	that	SCONJ
taxlaw-8367	486	39	the	the	DET
taxlaw-8367	486	40	lessee	lessee	NOUN
taxlaw-8367	486	41	by	by	ADP
taxlaw-8367	486	42	definition	definition	NOUN
taxlaw-8367	486	43	acquires	acquire	VERB
taxlaw-8367	486	44	literally	literally	ADV
taxlaw-8367	486	45	no	no	DET
taxlaw-8367	486	46	rights	right	NOUN
taxlaw-8367	486	47	in	in	ADP
taxlaw-8367	486	48	or	or	CCONJ
taxlaw-8367	486	49	power	power	NOUN
taxlaw-8367	486	50	over	over	ADP
taxlaw-8367	486	51	the	the	DET
taxlaw-8367	486	52	remainder	remainder	NOUN
taxlaw-8367	486	53	.	.	PUNCT
taxlaw-8367	487	1	that	that	PRON
taxlaw-8367	487	2	is	be	AUX
taxlaw-8367	487	3	equivalent	equivalent	ADJ
taxlaw-8367	487	4	to	to	ADP
taxlaw-8367	487	5	saying	say	VERB
taxlaw-8367	487	6	that	that	SCONJ
taxlaw-8367	487	7	the	the	DET
taxlaw-8367	487	8	remainder	remainder	NOUN
taxlaw-8367	487	9	is	be	AUX
taxlaw-8367	487	10	not	not	PART
taxlaw-8367	487	11	transferred	transfer	VERB
taxlaw-8367	487	12	as	as	ADP
taxlaw-8367	487	13	part	part	NOUN
taxlaw-8367	487	14	of	of	ADP
taxlaw-8367	487	15	the	the	DET
taxlaw-8367	487	16	bargain	bargain	NOUN
taxlaw-8367	487	17	,	,	PUNCT
taxlaw-8367	487	18	a	a	DET
taxlaw-8367	487	19	real	real	ADJ
taxlaw-8367	487	20	difference	difference	NOUN
taxlaw-8367	487	21	from	from	ADP
taxlaw-8367	487	22	a	a	DET
taxlaw-8367	487	23	transaction	transaction	NOUN
taxlaw-8367	487	24	in	in	ADP
taxlaw-8367	487	25	which	which	PRON
taxlaw-8367	487	26	rights	right	NOUN
taxlaw-8367	487	27	are	be	AUX
taxlaw-8367	487	28	transferred	transfer	VERB
taxlaw-8367	487	29	,	,	PUNCT
taxlaw-8367	487	30	including	include	VERB
taxlaw-8367	487	31	the	the	DET
taxlaw-8367	487	32	loan	loan	NOUN
taxlaw-8367	487	33	transaction	transaction	NOUN
taxlaw-8367	487	34	as	as	SCONJ
taxlaw-8367	487	35	conceived	conceive	VERB
taxlaw-8367	487	36	in	in	ADP
taxlaw-8367	487	37	the	the	DET
taxlaw-8367	487	38	standard	standard	ADJ
taxlaw-8367	487	39	view	view	NOUN
taxlaw-8367	487	40	.	.	PUNCT
taxlaw-8367	488	1	the	the	DET
taxlaw-8367	488	2	fact	fact	NOUN
taxlaw-8367	488	3	that	that	SCONJ
taxlaw-8367	488	4	rights	right	NOUN
taxlaw-8367	488	5	in	in	ADP
taxlaw-8367	488	6	the	the	DET
taxlaw-8367	488	7	remainder	remainder	NOUN
taxlaw-8367	488	8	are	be	AUX
taxlaw-8367	488	9	not	not	PART
taxlaw-8367	488	10	transferred	transfer	VERB
taxlaw-8367	488	11	implies	implie	NOUN
taxlaw-8367	488	12	in	in	ADP
taxlaw-8367	488	13	turn	turn	NOUN
taxlaw-8367	488	14	that	that	SCONJ
taxlaw-8367	488	15	the	the	DET
taxlaw-8367	488	16	factual	factual	ADJ
taxlaw-8367	488	17	transfer	transfer	NOUN
taxlaw-8367	488	18	of	of	ADP
taxlaw-8367	488	19	the	the	DET
taxlaw-8367	488	20	remainder	remainder	NOUN
taxlaw-8367	488	21	is	be	AUX
taxlaw-8367	488	22	incidental	incidental	ADJ
taxlaw-8367	488	23	to	to	ADP
taxlaw-8367	488	24	the	the	DET
taxlaw-8367	488	25	parties	party	NOUN
taxlaw-8367	488	26	’	’	PART
taxlaw-8367	488	27	deal	deal	NOUN
taxlaw-8367	488	28	,	,	PUNCT
taxlaw-8367	488	29	as	as	SCONJ
taxlaw-8367	488	30	described	describe	VERB
taxlaw-8367	488	31	above	above	ADV
taxlaw-8367	488	32	.	.	PUNCT
taxlaw-8367	489	1	because	because	SCONJ
taxlaw-8367	489	2	there	there	PRON
taxlaw-8367	489	3	is	be	VERB
taxlaw-8367	489	4	no	no	DET
taxlaw-8367	489	5	exchange	exchange	NOUN
taxlaw-8367	489	6	of	of	ADP
taxlaw-8367	489	7	the	the	DET
taxlaw-8367	489	8	remainder	remainder	NOUN
taxlaw-8367	489	9	or	or	CCONJ
taxlaw-8367	489	10	any	any	DET
taxlaw-8367	489	11	part	part	NOUN
taxlaw-8367	489	12	of	of	ADP
taxlaw-8367	489	13	it	it	PRON
taxlaw-8367	489	14	for	for	ADP
taxlaw-8367	489	15	consideration	consideration	NOUN
taxlaw-8367	489	16	,	,	PUNCT
taxlaw-8367	489	17	the	the	DET
taxlaw-8367	489	18	deal	deal	NOUN
taxlaw-8367	489	19	between	between	ADP
taxlaw-8367	489	20	the	the	DET
taxlaw-8367	489	21	parties	party	NOUN
taxlaw-8367	489	22	consists	consist	VERB
taxlaw-8367	489	23	of	of	ADP
taxlaw-8367	489	24	the	the	DET
taxlaw-8367	489	25	payment	payment	NOUN
taxlaw-8367	489	26	of	of	ADP
taxlaw-8367	489	27	rent	rent	NOUN
taxlaw-8367	489	28	for	for	ADP
taxlaw-8367	489	29	use	use	NOUN
taxlaw-8367	489	30	during	during	ADP
taxlaw-8367	489	31	the	the	DET
taxlaw-8367	489	32	term	term	NOUN
taxlaw-8367	489	33	.	.	PUNCT
taxlaw-8367	490	1	no	no	DET
taxlaw-8367	490	2	return	return	NOUN
taxlaw-8367	490	3	obligation	obligation	NOUN
taxlaw-8367	490	4	arises	arise	VERB
taxlaw-8367	490	5	because	because	SCONJ
taxlaw-8367	490	6	there	there	PRON
taxlaw-8367	490	7	is	be	VERB
taxlaw-8367	490	8	nothing	nothing	PRON
taxlaw-8367	490	9	to	to	PART
taxlaw-8367	490	10	“	"	PUNCT
taxlaw-8367	490	11	return	return	VERB
taxlaw-8367	490	12	.	.	PUNCT
taxlaw-8367	490	13	”	"	PUNCT
taxlaw-8367	491	1	additional	additional	ADJ
taxlaw-8367	491	2	economic	economic	ADJ
taxlaw-8367	491	3	facts	fact	NOUN
taxlaw-8367	491	4	of	of	ADP
taxlaw-8367	491	5	the	the	DET
taxlaw-8367	491	6	standard	standard	ADJ
taxlaw-8367	491	7	rental	rental	ADJ
taxlaw-8367	491	8	arrangement	arrangement	NOUN
taxlaw-8367	491	9	corroborate	corroborate	VERB
taxlaw-8367	491	10	the	the	DET
taxlaw-8367	491	11	point	point	NOUN
taxlaw-8367	491	12	.	.	PUNCT
taxlaw-8367	492	1	nonpayment	nonpayment	NOUN
taxlaw-8367	492	2	of	of	ADP
taxlaw-8367	492	3	rent	rent	NOUN
taxlaw-8367	492	4	ordinarily	ordinarily	ADV
taxlaw-8367	492	5	results	result	VERB
taxlaw-8367	492	6	in	in	ADP
taxlaw-8367	492	7	default	default	NOUN
taxlaw-8367	492	8	and	and	CCONJ
taxlaw-8367	492	9	a	a	DET
taxlaw-8367	492	10	transfer	transfer	NOUN
taxlaw-8367	492	11	back	back	ADV
taxlaw-8367	492	12	of	of	ADP
taxlaw-8367	492	13	possession	possession	NOUN
taxlaw-8367	492	14	,	,	PUNCT
taxlaw-8367	492	15	not	not	PART
taxlaw-8367	492	16	in	in	ADP
taxlaw-8367	492	17	an	an	DET
taxlaw-8367	492	18	action	action	NOUN
taxlaw-8367	492	19	for	for	ADP
taxlaw-8367	492	20	damages	damage	NOUN
taxlaw-8367	492	21	lying	lie	VERB
taxlaw-8367	492	22	with	with	ADP
taxlaw-8367	492	23	the	the	DET
taxlaw-8367	492	24	lessor	lessor	NOUN
taxlaw-8367	492	25	coupled	couple	VERB
taxlaw-8367	492	26	with	with	ADP
taxlaw-8367	492	27	an	an	DET
taxlaw-8367	492	28	ongoing	ongoing	ADJ
taxlaw-8367	492	29	right	right	NOUN
taxlaw-8367	492	30	of	of	ADP
taxlaw-8367	492	31	the	the	DET
taxlaw-8367	492	32	lessee	lessee	NOUN
taxlaw-8367	492	33	to	to	PART
taxlaw-8367	492	34	occupy	occupy	VERB
taxlaw-8367	492	35	the	the	DET
taxlaw-8367	492	36	property	property	NOUN
taxlaw-8367	492	37	throughout	throughout	ADP
taxlaw-8367	492	38	the	the	DET
taxlaw-8367	492	39	lease	lease	NOUN
taxlaw-8367	492	40	term	term	NOUN
taxlaw-8367	492	41	.	.	PUNCT
taxlaw-8367	493	1	if	if	SCONJ
taxlaw-8367	493	2	the	the	DET
taxlaw-8367	493	3	deal	deal	NOUN
taxlaw-8367	493	4	were	be	AUX
taxlaw-8367	493	5	understood	understand	VERB
taxlaw-8367	493	6	to	to	PART
taxlaw-8367	493	7	include	include	VERB
taxlaw-8367	493	8	a	a	DET
taxlaw-8367	493	9	transfer	transfer	NOUN
taxlaw-8367	493	10	of	of	ADP
taxlaw-8367	493	11	the	the	DET
taxlaw-8367	493	12	fee	fee	NOUN
taxlaw-8367	493	13	interest	interest	NOUN
taxlaw-8367	493	14	in	in	ADP
taxlaw-8367	493	15	exchange	exchange	NOUN
taxlaw-8367	493	16	for	for	ADP
taxlaw-8367	493	17	the	the	DET
taxlaw-8367	493	18	obligation	obligation	NOUN
taxlaw-8367	493	19	to	to	PART
taxlaw-8367	493	20	return	return	VERB
taxlaw-8367	493	21	it	it	PRON
taxlaw-8367	493	22	,	,	PUNCT
taxlaw-8367	493	23	nonpayment	nonpayment	NOUN
taxlaw-8367	493	24	of	of	ADP
taxlaw-8367	493	25	rent	rent	NOUN
taxlaw-8367	493	26	would	would	AUX
taxlaw-8367	493	27	not	not	PART
taxlaw-8367	493	28	necessarily	necessarily	ADV
taxlaw-8367	493	29	result	result	VERB
taxlaw-8367	493	30	in	in	ADP
taxlaw-8367	493	31	termination	termination	NOUN
taxlaw-8367	493	32	of	of	ADP
taxlaw-8367	493	33	the	the	DET
taxlaw-8367	493	34	leasehold	leasehold	NOUN
taxlaw-8367	493	35	.	.	PUNCT
taxlaw-8367	494	1	consider	consider	VERB
taxlaw-8367	494	2	,	,	PUNCT
taxlaw-8367	494	3	for	for	ADP
taxlaw-8367	494	4	example	example	NOUN
taxlaw-8367	494	5	,	,	PUNCT
taxlaw-8367	494	6	a	a	DET
taxlaw-8367	494	7	one	one	NUM
taxlaw-8367	494	8	-	-	PUNCT
taxlaw-8367	494	9	year	year	NOUN
taxlaw-8367	494	10	lease	lease	NOUN
taxlaw-8367	494	11	of	of	ADP
taxlaw-8367	494	12	blackacre	blackacre	NOUN
taxlaw-8367	494	13	,	,	PUNCT
taxlaw-8367	494	14	with	with	ADP
taxlaw-8367	494	15	rent	rent	NOUN
taxlaw-8367	494	16	payable	payable	ADJ
taxlaw-8367	494	17	monthly	monthly	ADV
taxlaw-8367	494	18	.	.	PUNCT
taxlaw-8367	495	1	the	the	DET
taxlaw-8367	495	2	rental	rental	ADJ
taxlaw-8367	495	3	value	value	NOUN
taxlaw-8367	495	4	of	of	ADP
taxlaw-8367	495	5	blackacre	blackacre	NOUN
taxlaw-8367	495	6	represents	represent	VERB
taxlaw-8367	495	7	a	a	DET
taxlaw-8367	495	8	small	small	ADJ
taxlaw-8367	495	9	proportion	proportion	NOUN
taxlaw-8367	495	10	of	of	ADP
taxlaw-8367	495	11	the	the	DET
taxlaw-8367	495	12	value	value	NOUN
taxlaw-8367	495	13	of	of	ADP
taxlaw-8367	495	14	blackacre	blackacre	NOUN
taxlaw-8367	495	15	,	,	PUNCT
taxlaw-8367	495	16	such	such	ADJ
taxlaw-8367	495	17	that	that	DET
taxlaw-8367	495	18	nonpayment	nonpayment	NOUN
taxlaw-8367	495	19	of	of	ADP
taxlaw-8367	495	20	rent	rent	NOUN
taxlaw-8367	495	21	in	in	ADP
taxlaw-8367	495	22	most	most	ADJ
taxlaw-8367	495	23	circumstances	circumstance	NOUN
taxlaw-8367	495	24	would	would	AUX
taxlaw-8367	495	25	not	not	PART
taxlaw-8367	495	26	constitute	constitute	VERB
taxlaw-8367	495	27	a	a	DET
taxlaw-8367	495	28	material	material	ADJ
taxlaw-8367	495	29	breach	breach	NOUN
taxlaw-8367	495	30	of	of	ADP
taxlaw-8367	495	31	the	the	DET
taxlaw-8367	495	32	parties	party	NOUN
taxlaw-8367	495	33	’	'	PUNCT
taxlaw-8367	495	34	agreement	agreement	NOUN
taxlaw-8367	495	35	.	.	PUNCT
taxlaw-8367	496	1	99	99	NUM
taxlaw-8367	496	2	for	for	ADP
taxlaw-8367	496	3	a	a	DET
taxlaw-8367	496	4	typical	typical	ADJ
taxlaw-8367	496	5	example	example	NOUN
taxlaw-8367	496	6	,	,	PUNCT
taxlaw-8367	496	7	see	see	VERB
taxlaw-8367	496	8	michael	michael	PROPN
taxlaw-8367	496	9	wozniak	wozniak	PROPN
taxlaw-8367	496	10	,	,	PUNCT
taxlaw-8367	496	11	two	two	NUM
taxlaw-8367	496	12	ways	way	NOUN
taxlaw-8367	496	13	to	to	PART
taxlaw-8367	496	14	control	control	VERB
taxlaw-8367	496	15	subscription	subscription	NOUN
taxlaw-8367	496	16	software	software	NOUN
taxlaw-8367	496	17	licenses	license	NOUN
taxlaw-8367	496	18	,	,	PUNCT
taxlaw-8367	496	19	software	software	NOUN
taxlaw-8367	496	20	key	key	ADJ
taxlaw-8367	496	21	sys	sys	PROPN
taxlaw-8367	496	22	.	.	PROPN
taxlaw-8367	496	23	,	,	PUNCT
taxlaw-8367	496	24	https://www.softwarekey.com/blog/licensing-tips/two-ways-controlsubscription-software-licenses/	https://www.softwarekey.com/blog/licensing-tips/two-ways-controlsubscription-software-licenses/	NOUN
taxlaw-8367	497	1	[	[	X
taxlaw-8367	497	2	https://perma.cc/nus4-nk7u	https://perma.cc/nus4-nk7u	X
taxlaw-8367	497	3	]	]	X
taxlaw-8367	497	4	.	.	PUNCT
taxlaw-8367	498	1	a	a	DET
taxlaw-8367	498	2	difference	difference	NOUN
taxlaw-8367	498	3	is	be	AUX
taxlaw-8367	498	4	that	that	SCONJ
taxlaw-8367	498	5	the	the	DET
taxlaw-8367	498	6	license	license	NOUN
taxlaw-8367	498	7	is	be	AUX
taxlaw-8367	498	8	rarely	rarely	ADV
taxlaw-8367	498	9	exclusive	exclusive	ADJ
taxlaw-8367	498	10	in	in	ADP
taxlaw-8367	498	11	this	this	DET
taxlaw-8367	498	12	case	case	NOUN
taxlaw-8367	498	13	,	,	PUNCT
taxlaw-8367	498	14	so	so	SCONJ
taxlaw-8367	498	15	that	that	SCONJ
taxlaw-8367	498	16	the	the	DET
taxlaw-8367	498	17	licensor	licensor	NOUN
taxlaw-8367	498	18	retains	retain	VERB
taxlaw-8367	498	19	a	a	DET
taxlaw-8367	498	20	right	right	NOUN
taxlaw-8367	498	21	to	to	PART
taxlaw-8367	498	22	use	use	VERB
taxlaw-8367	498	23	the	the	DET
taxlaw-8367	498	24	property	property	NOUN
taxlaw-8367	498	25	.	.	PUNCT
taxlaw-8367	499	1	in	in	ADP
taxlaw-8367	499	2	the	the	DET
taxlaw-8367	499	3	case	case	NOUN
taxlaw-8367	499	4	of	of	ADP
taxlaw-8367	499	5	an	an	DET
taxlaw-8367	499	6	exclusive	exclusive	ADJ
taxlaw-8367	499	7	license	license	NOUN
taxlaw-8367	499	8	,	,	PUNCT
taxlaw-8367	499	9	the	the	DET
taxlaw-8367	499	10	licensor	licensor	NOUN
taxlaw-8367	499	11	’s	’s	PART
taxlaw-8367	499	12	non	non	NOUN
taxlaw-8367	499	13	-	-	NOUN
taxlaw-8367	499	14	use	use	NOUN
taxlaw-8367	499	15	of	of	ADP
taxlaw-8367	499	16	the	the	DET
taxlaw-8367	499	17	licensed	licensed	ADJ
taxlaw-8367	499	18	property	property	NOUN
taxlaw-8367	499	19	during	during	ADP
taxlaw-8367	499	20	the	the	DET
taxlaw-8367	499	21	term	term	NOUN
taxlaw-8367	499	22	would	would	AUX
taxlaw-8367	499	23	take	take	VERB
taxlaw-8367	499	24	the	the	DET
taxlaw-8367	499	25	form	form	NOUN
taxlaw-8367	499	26	of	of	ADP
taxlaw-8367	499	27	a	a	DET
taxlaw-8367	499	28	contractual	contractual	ADJ
taxlaw-8367	499	29	promise	promise	NOUN
taxlaw-8367	499	30	and	and	CCONJ
taxlaw-8367	499	31	not	not	PART
taxlaw-8367	499	32	a	a	DET
taxlaw-8367	499	33	physical	physical	ADJ
taxlaw-8367	499	34	deprivation	deprivation	NOUN
taxlaw-8367	499	35	of	of	ADP
taxlaw-8367	499	36	the	the	DET
taxlaw-8367	499	37	capacity	capacity	NOUN
taxlaw-8367	499	38	to	to	PART
taxlaw-8367	499	39	use	use	VERB
taxlaw-8367	499	40	it	it	PRON
taxlaw-8367	499	41	.	.	PUNCT
taxlaw-8367	500	1	100	100	NUM
taxlaw-8367	500	2	this	this	PRON
taxlaw-8367	500	3	appears	appear	VERB
taxlaw-8367	500	4	to	to	PART
taxlaw-8367	500	5	be	be	AUX
taxlaw-8367	500	6	the	the	DET
taxlaw-8367	500	7	perspective	perspective	NOUN
taxlaw-8367	500	8	adopted	adopt	VERB
taxlaw-8367	500	9	by	by	ADP
taxlaw-8367	500	10	reed	reed	NOUN
taxlaw-8367	500	11	shuldiner	shuldiner	NOUN
taxlaw-8367	500	12	in	in	ADP
taxlaw-8367	500	13	one	one	NUM
taxlaw-8367	500	14	of	of	ADP
taxlaw-8367	500	15	only	only	ADV
taxlaw-8367	500	16	two	two	NUM
taxlaw-8367	500	17	other	other	ADJ
taxlaw-8367	500	18	commentaries	commentary	NOUN
taxlaw-8367	500	19	i	i	PRON
taxlaw-8367	500	20	have	have	AUX
taxlaw-8367	500	21	been	be	AUX
taxlaw-8367	500	22	able	able	ADJ
taxlaw-8367	500	23	to	to	PART
taxlaw-8367	500	24	locate	locate	VERB
taxlaw-8367	500	25	that	that	PRON
taxlaw-8367	500	26	analogize	analogize	VERB
taxlaw-8367	500	27	loans	loan	NOUN
taxlaw-8367	500	28	to	to	PART
taxlaw-8367	500	29	rent	rent	VERB
taxlaw-8367	500	30	.	.	PUNCT
taxlaw-8367	501	1	reed	reed	NOUN
taxlaw-8367	501	2	shuldiner	shuldiner	PROPN
taxlaw-8367	501	3	,	,	PUNCT
taxlaw-8367	501	4	indexing	index	VERB
taxlaw-8367	501	5	the	the	DET
taxlaw-8367	501	6	tax	tax	NOUN
taxlaw-8367	501	7	code	code	NOUN
taxlaw-8367	501	8	,	,	PUNCT
taxlaw-8367	501	9	48	48	NUM
taxlaw-8367	501	10	tax	tax	NOUN
taxlaw-8367	501	11	l.	l.	PROPN
taxlaw-8367	501	12	rev	rev	PROPN
taxlaw-8367	501	13	.	.	PROPN
taxlaw-8367	501	14	537	537	NUM
taxlaw-8367	501	15	,	,	PUNCT
taxlaw-8367	501	16	592	592	NUM
taxlaw-8367	501	17	(	(	PUNCT
taxlaw-8367	501	18	1993	1993	NUM
taxlaw-8367	501	19	)	)	PUNCT
taxlaw-8367	501	20	(	(	PUNCT
taxlaw-8367	501	21	describing	describe	VERB
taxlaw-8367	501	22	discrepancies	discrepancy	NOUN
taxlaw-8367	501	23	between	between	ADP
taxlaw-8367	501	24	the	the	DET
taxlaw-8367	501	25	tax	tax	NOUN
taxlaw-8367	501	26	treatment	treatment	NOUN
taxlaw-8367	501	27	of	of	ADP
taxlaw-8367	501	28	rental	rental	ADJ
taxlaw-8367	501	29	arrangements	arrangement	NOUN
taxlaw-8367	501	30	and	and	CCONJ
taxlaw-8367	501	31	loans	loan	NOUN
taxlaw-8367	501	32	as	as	ADP
taxlaw-8367	501	33	due	due	ADJ
taxlaw-8367	501	34	to	to	ADP
taxlaw-8367	501	35	“	"	PUNCT
taxlaw-8367	501	36	fundamental	fundamental	ADJ
taxlaw-8367	501	37	accounting	accounting	NOUN
taxlaw-8367	501	38	differences	difference	NOUN
taxlaw-8367	501	39	”	"	PUNCT
taxlaw-8367	501	40	)	)	PUNCT
taxlaw-8367	501	41	.	.	PUNCT
taxlaw-8367	502	1	the	the	DET
taxlaw-8367	502	2	other	other	ADJ
taxlaw-8367	502	3	commentary	commentary	NOUN
taxlaw-8367	502	4	advocates	advocate	VERB
taxlaw-8367	502	5	for	for	ADP
taxlaw-8367	502	6	a	a	DET
taxlaw-8367	502	7	position	position	NOUN
taxlaw-8367	502	8	opposed	oppose	VERB
taxlaw-8367	502	9	to	to	ADP
taxlaw-8367	502	10	the	the	DET
taxlaw-8367	502	11	one	one	NOUN
taxlaw-8367	502	12	here	here	ADV
taxlaw-8367	502	13	that	that	PRON
taxlaw-8367	502	14	rental	rental	ADJ
taxlaw-8367	502	15	arrangements	arrangement	NOUN
taxlaw-8367	502	16	should	should	AUX
taxlaw-8367	502	17	be	be	AUX
taxlaw-8367	502	18	treated	treat	VERB
taxlaw-8367	502	19	as	as	ADP
taxlaw-8367	502	20	loans	loan	NOUN
taxlaw-8367	502	21	.	.	PUNCT
taxlaw-8367	503	1	george	george	PROPN
taxlaw-8367	503	2	mundstock	mundstock	PROPN
taxlaw-8367	503	3	,	,	PUNCT
taxlaw-8367	503	4	taxation	taxation	NOUN
taxlaw-8367	503	5	of	of	ADP
taxlaw-8367	503	6	business	business	NOUN
taxlaw-8367	503	7	rent	rent	NOUN
taxlaw-8367	503	8	,	,	PUNCT
taxlaw-8367	503	9	11	11	NUM
taxlaw-8367	503	10	va	va	NOUN
taxlaw-8367	503	11	.	.	PUNCT
taxlaw-8367	504	1	tax	tax	PROPN
taxlaw-8367	504	2	rev	rev	PROPN
taxlaw-8367	504	3	.	.	PROPN
taxlaw-8367	504	4	683	683	NUM
taxlaw-8367	504	5	,	,	PUNCT
taxlaw-8367	504	6	700	700	NUM
taxlaw-8367	504	7	-	-	SYM
taxlaw-8367	504	8	03	03	NUM
taxlaw-8367	504	9	(	(	PUNCT
taxlaw-8367	504	10	1992	1992	NUM
taxlaw-8367	504	11	)	)	PUNCT
taxlaw-8367	504	12	.	.	PUNCT
taxlaw-8367	505	1	on	on	ADP
taxlaw-8367	505	2	the	the	DET
taxlaw-8367	505	3	relationship	relationship	NOUN
taxlaw-8367	505	4	of	of	ADP
taxlaw-8367	505	5	ptolemy	ptolemy	PROPN
taxlaw-8367	505	6	to	to	ADP
taxlaw-8367	505	7	copernicus	copernicus	PROPN
taxlaw-8367	505	8	,	,	PUNCT
taxlaw-8367	505	9	see	see	VERB
taxlaw-8367	505	10	for	for	ADP
taxlaw-8367	505	11	example	example	NOUN
taxlaw-8367	505	12	thomas	thomas	PROPN
taxlaw-8367	505	13	s.	s.	PROPN
taxlaw-8367	505	14	kuhn	kuhn	PROPN
taxlaw-8367	505	15	,	,	PUNCT
taxlaw-8367	505	16	the	the	DET
taxlaw-8367	505	17	copernican	copernican	PROPN
taxlaw-8367	505	18	revolution	revolution	PROPN
taxlaw-8367	505	19	186	186	NUM
taxlaw-8367	505	20	(	(	PUNCT
taxlaw-8367	505	21	1957	1957	NUM
taxlaw-8367	505	22	)	)	PUNCT
taxlaw-8367	505	23	(	(	PUNCT
taxlaw-8367	505	24	noting	note	VERB
taxlaw-8367	505	25	that	that	SCONJ
taxlaw-8367	505	26	at	at	ADP
taxlaw-8367	505	27	one	one	NUM
taxlaw-8367	505	28	level	level	NOUN
taxlaw-8367	505	29	copernicus	copernicus	NOUN
taxlaw-8367	505	30	’s	’s	PART
taxlaw-8367	505	31	work	work	NOUN
taxlaw-8367	505	32	could	could	AUX
taxlaw-8367	505	33	be	be	AUX
taxlaw-8367	505	34	taken	take	VERB
taxlaw-8367	505	35	as	as	ADP
taxlaw-8367	505	36	simply	simply	ADV
taxlaw-8367	505	37	a	a	DET
taxlaw-8367	505	38	more	more	ADV
taxlaw-8367	505	39	tractable	tractable	ADJ
taxlaw-8367	505	40	description	description	NOUN
taxlaw-8367	505	41	of	of	ADP
taxlaw-8367	505	42	the	the	DET
taxlaw-8367	505	43	ptolemaic	ptolemaic	PROPN
taxlaw-8367	505	44	geocentric	geocentric	ADJ
taxlaw-8367	505	45	view	view	NOUN
taxlaw-8367	505	46	)	)	PUNCT
taxlaw-8367	505	47	.	.	PUNCT
taxlaw-8367	506	1	108	108	NUM
taxlaw-8367	506	2	columbia	columbia	PROPN
taxlaw-8367	506	3	journal	journal	PROPN
taxlaw-8367	506	4	of	of	ADP
taxlaw-8367	506	5	tax	tax	NOUN
taxlaw-8367	506	6	law	law	NOUN
taxlaw-8367	506	7	[	[	X
taxlaw-8367	506	8	vol	vol	NOUN
taxlaw-8367	506	9	.	.	PUNCT
taxlaw-8367	507	1	12:89	12:89	NUM
taxlaw-8367	507	2	rather	rather	ADV
taxlaw-8367	507	3	,	,	PUNCT
taxlaw-8367	507	4	the	the	DET
taxlaw-8367	507	5	bulk	bulk	NOUN
taxlaw-8367	507	6	of	of	ADP
taxlaw-8367	507	7	the	the	DET
taxlaw-8367	507	8	lessee	lessee	NOUN
taxlaw-8367	507	9	’s	’s	PART
taxlaw-8367	507	10	obligation	obligation	NOUN
taxlaw-8367	507	11	would	would	AUX
taxlaw-8367	507	12	consist	consist	VERB
taxlaw-8367	507	13	in	in	ADP
taxlaw-8367	507	14	the	the	DET
taxlaw-8367	507	15	obligation	obligation	NOUN
taxlaw-8367	507	16	to	to	PART
taxlaw-8367	507	17	return	return	VERB
taxlaw-8367	507	18	the	the	DET
taxlaw-8367	507	19	fee	fee	NOUN
taxlaw-8367	507	20	at	at	ADP
taxlaw-8367	507	21	the	the	DET
taxlaw-8367	507	22	term	term	NOUN
taxlaw-8367	507	23	and	and	CCONJ
taxlaw-8367	507	24	therefore	therefore	ADV
taxlaw-8367	507	25	nonpayment	nonpayment	NOUN
taxlaw-8367	507	26	of	of	ADP
taxlaw-8367	507	27	rent	rent	NOUN
taxlaw-8367	507	28	would	would	AUX
taxlaw-8367	507	29	merely	merely	ADV
taxlaw-8367	507	30	entitle	entitle	VERB
taxlaw-8367	507	31	the	the	DET
taxlaw-8367	507	32	lessor	lessor	NOUN
taxlaw-8367	507	33	to	to	ADP
taxlaw-8367	507	34	damages	damage	NOUN
taxlaw-8367	507	35	but	but	CCONJ
taxlaw-8367	507	36	not	not	PART
taxlaw-8367	507	37	to	to	PART
taxlaw-8367	507	38	repossession	repossession	VERB
taxlaw-8367	507	39	.	.	PUNCT
taxlaw-8367	508	1	in	in	ADP
taxlaw-8367	508	2	fact	fact	NOUN
taxlaw-8367	508	3	,	,	PUNCT
taxlaw-8367	508	4	rental	rental	ADJ
taxlaw-8367	508	5	arrangements	arrangement	NOUN
taxlaw-8367	508	6	commonly	commonly	ADV
taxlaw-8367	508	7	provide	provide	VERB
taxlaw-8367	508	8	for	for	ADP
taxlaw-8367	508	9	cancellation	cancellation	NOUN
taxlaw-8367	508	10	of	of	ADP
taxlaw-8367	508	11	the	the	DET
taxlaw-8367	508	12	lease	lease	NOUN
taxlaw-8367	508	13	on	on	ADP
taxlaw-8367	508	14	uncured	uncured	ADJ
taxlaw-8367	508	15	nonpayment	nonpayment	NOUN
taxlaw-8367	508	16	of	of	ADP
taxlaw-8367	508	17	rent.101	rent.101	PROPN
taxlaw-8367	508	18	a	a	DET
taxlaw-8367	508	19	similar	similar	ADJ
taxlaw-8367	508	20	set	set	NOUN
taxlaw-8367	508	21	of	of	ADP
taxlaw-8367	508	22	rules	rule	NOUN
taxlaw-8367	508	23	commonly	commonly	ADV
taxlaw-8367	508	24	operates	operate	VERB
taxlaw-8367	508	25	in	in	ADP
taxlaw-8367	508	26	loan	loan	NOUN
taxlaw-8367	508	27	arrangements	arrangement	NOUN
taxlaw-8367	508	28	.	.	PUNCT
taxlaw-8367	509	1	the	the	DET
taxlaw-8367	509	2	borrower	borrower	NOUN
taxlaw-8367	509	3	agrees	agree	VERB
taxlaw-8367	509	4	to	to	PART
taxlaw-8367	509	5	pay	pay	VERB
taxlaw-8367	509	6	interest	interest	NOUN
taxlaw-8367	509	7	,	,	PUNCT
taxlaw-8367	509	8	and	and	CCONJ
taxlaw-8367	509	9	nonpayment	nonpayment	NOUN
taxlaw-8367	509	10	typically	typically	ADV
taxlaw-8367	509	11	entitles	entitle	VERB
taxlaw-8367	509	12	the	the	DET
taxlaw-8367	509	13	lender	lender	NOUN
taxlaw-8367	509	14	to	to	PART
taxlaw-8367	509	15	accelerate	accelerate	VERB
taxlaw-8367	509	16	the	the	DET
taxlaw-8367	509	17	loan	loan	NOUN
taxlaw-8367	509	18	if	if	SCONJ
taxlaw-8367	509	19	the	the	DET
taxlaw-8367	509	20	borrower	borrower	NOUN
taxlaw-8367	509	21	does	do	AUX
taxlaw-8367	509	22	not	not	PART
taxlaw-8367	509	23	timely	timely	VERB
taxlaw-8367	509	24	cure.102	cure.102	NOUN
taxlaw-8367	509	25	even	even	ADV
taxlaw-8367	509	26	where	where	SCONJ
taxlaw-8367	509	27	there	there	PRON
taxlaw-8367	509	28	is	be	VERB
taxlaw-8367	509	29	a	a	DET
taxlaw-8367	509	30	possibility	possibility	NOUN
taxlaw-8367	509	31	of	of	ADP
taxlaw-8367	509	32	curing	cure	VERB
taxlaw-8367	509	33	a	a	DET
taxlaw-8367	509	34	default	default	NOUN
taxlaw-8367	509	35	,	,	PUNCT
taxlaw-8367	509	36	the	the	DET
taxlaw-8367	509	37	norm	norm	NOUN
taxlaw-8367	509	38	is	be	AUX
taxlaw-8367	509	39	that	that	SCONJ
taxlaw-8367	509	40	the	the	DET
taxlaw-8367	509	41	borrower	borrower	NOUN
taxlaw-8367	509	42	will	will	AUX
taxlaw-8367	509	43	accrue	accrue	VERB
taxlaw-8367	509	44	additional	additional	ADJ
taxlaw-8367	509	45	interest	interest	NOUN
taxlaw-8367	509	46	that	that	PRON
taxlaw-8367	509	47	must	must	AUX
taxlaw-8367	509	48	be	be	AUX
taxlaw-8367	509	49	paid	pay	VERB
taxlaw-8367	509	50	by	by	ADP
taxlaw-8367	509	51	reason	reason	NOUN
taxlaw-8367	509	52	of	of	ADP
taxlaw-8367	509	53	commandeering	commandeer	VERB
taxlaw-8367	509	54	extra	extra	ADJ
taxlaw-8367	509	55	liquidity.103	liquidity.103	NOUN
taxlaw-8367	509	56	in	in	ADP
taxlaw-8367	509	57	all	all	DET
taxlaw-8367	509	58	events	event	NOUN
taxlaw-8367	509	59	,	,	PUNCT
taxlaw-8367	509	60	loan	loan	NOUN
taxlaw-8367	509	61	arrangements	arrangement	NOUN
taxlaw-8367	509	62	do	do	AUX
taxlaw-8367	509	63	not	not	PART
taxlaw-8367	509	64	permit	permit	VERB
taxlaw-8367	509	65	indefinite	indefinite	ADJ
taxlaw-8367	509	66	nonpayment	nonpayment	NOUN
taxlaw-8367	509	67	of	of	ADP
taxlaw-8367	509	68	interest	interest	NOUN
taxlaw-8367	509	69	;	;	PUNCT
taxlaw-8367	509	70	even	even	ADV
taxlaw-8367	509	71	those	those	DET
taxlaw-8367	509	72	loans	loan	NOUN
taxlaw-8367	509	73	that	that	PRON
taxlaw-8367	509	74	simply	simply	ADV
taxlaw-8367	509	75	penalize	penalize	VERB
taxlaw-8367	509	76	a	a	DET
taxlaw-8367	509	77	default	default	NOUN
taxlaw-8367	509	78	on	on	ADP
taxlaw-8367	509	79	initial	initial	ADJ
taxlaw-8367	509	80	nonpayment	nonpayment	NOUN
taxlaw-8367	509	81	of	of	ADP
taxlaw-8367	509	82	interest	interest	NOUN
taxlaw-8367	509	83	or	or	CCONJ
taxlaw-8367	509	84	principal	principal	NOUN
taxlaw-8367	509	85	will	will	AUX
taxlaw-8367	509	86	accelerate	accelerate	VERB
taxlaw-8367	509	87	the	the	DET
taxlaw-8367	509	88	loan	loan	NOUN
taxlaw-8367	509	89	if	if	SCONJ
taxlaw-8367	509	90	the	the	DET
taxlaw-8367	509	91	borrower	borrower	NOUN
taxlaw-8367	509	92	does	do	AUX
taxlaw-8367	509	93	not	not	PART
taxlaw-8367	509	94	cure	cure	VERB
taxlaw-8367	509	95	the	the	DET
taxlaw-8367	509	96	default	default	NOUN
taxlaw-8367	509	97	in	in	ADP
taxlaw-8367	509	98	a	a	DET
taxlaw-8367	509	99	reasonable	reasonable	ADJ
taxlaw-8367	509	100	time	time	NOUN
taxlaw-8367	509	101	,	,	PUNCT
taxlaw-8367	509	102	typically	typically	ADV
taxlaw-8367	509	103	well	well	ADV
taxlaw-8367	509	104	short	short	ADJ
taxlaw-8367	509	105	of	of	ADP
taxlaw-8367	509	106	the	the	DET
taxlaw-8367	509	107	actual	actual	ADJ
taxlaw-8367	509	108	term	term	NOUN
taxlaw-8367	509	109	of	of	ADP
taxlaw-8367	509	110	the	the	DET
taxlaw-8367	509	111	loan.104	loan.104	PROPN
taxlaw-8367	509	112	b.	b.	PROPN
taxlaw-8367	510	1	what	what	PRON
taxlaw-8367	510	2	tax	tax	NOUN
taxlaw-8367	510	3	consequences	consequence	NOUN
taxlaw-8367	510	4	follow	follow	VERB
taxlaw-8367	510	5	from	from	ADP
taxlaw-8367	510	6	lal	lal	PROPN
taxlaw-8367	510	7	?	?	PUNCT
taxlaw-8367	511	1	application	application	NOUN
taxlaw-8367	511	2	of	of	ADP
taxlaw-8367	511	3	lal	lal	PROPN
taxlaw-8367	511	4	clarifies	clarify	VERB
taxlaw-8367	511	5	why	why	SCONJ
taxlaw-8367	511	6	the	the	DET
taxlaw-8367	511	7	basic	basic	ADJ
taxlaw-8367	511	8	tax	tax	NOUN
taxlaw-8367	511	9	rules	rule	NOUN
taxlaw-8367	511	10	for	for	ADP
taxlaw-8367	511	11	debt	debt	NOUN
taxlaw-8367	511	12	are	be	AUX
taxlaw-8367	511	13	mostly	mostly	ADV
taxlaw-8367	511	14	correct	correct	ADJ
taxlaw-8367	511	15	.	.	PUNCT
taxlaw-8367	512	1	it	it	PRON
taxlaw-8367	512	2	also	also	ADV
taxlaw-8367	512	3	indicates	indicate	VERB
taxlaw-8367	512	4	why	why	SCONJ
taxlaw-8367	512	5	other	other	ADJ
taxlaw-8367	512	6	rules	rule	NOUN
taxlaw-8367	512	7	need	need	VERB
taxlaw-8367	512	8	revision	revision	NOUN
taxlaw-8367	512	9	.	.	PUNCT
taxlaw-8367	513	1	the	the	DET
taxlaw-8367	513	2	balance	balance	NOUN
taxlaw-8367	513	3	of	of	ADP
taxlaw-8367	513	4	this	this	DET
taxlaw-8367	513	5	part	part	NOUN
taxlaw-8367	513	6	addresses	address	VERB
taxlaw-8367	513	7	the	the	DET
taxlaw-8367	513	8	first	first	ADJ
taxlaw-8367	513	9	of	of	ADP
taxlaw-8367	513	10	these	these	DET
taxlaw-8367	513	11	topics	topic	NOUN
taxlaw-8367	513	12	,	,	PUNCT
taxlaw-8367	513	13	focusing	focus	VERB
taxlaw-8367	513	14	again	again	ADV
taxlaw-8367	513	15	on	on	ADP
taxlaw-8367	513	16	propositions	proposition	NOUN
taxlaw-8367	513	17	1	1	NUM
taxlaw-8367	513	18	,	,	PUNCT
taxlaw-8367	513	19	2	2	NUM
taxlaw-8367	513	20	and	and	CCONJ
taxlaw-8367	513	21	3	3	NUM
taxlaw-8367	513	22	but	but	CCONJ
taxlaw-8367	513	23	from	from	ADP
taxlaw-8367	513	24	the	the	DET
taxlaw-8367	513	25	lal	lal	PROPN
taxlaw-8367	513	26	perspective	perspective	NOUN
taxlaw-8367	513	27	.	.	PUNCT
taxlaw-8367	514	1	this	this	DET
taxlaw-8367	514	2	subpart	subpart	NOUN
taxlaw-8367	514	3	considers	consider	VERB
taxlaw-8367	514	4	a	a	DET
taxlaw-8367	514	5	riskless	riskless	NOUN
taxlaw-8367	514	6	loan	loan	NOUN
taxlaw-8367	514	7	,	,	PUNCT
taxlaw-8367	514	8	while	while	SCONJ
taxlaw-8367	514	9	subpart	subpart	NOUN
taxlaw-8367	514	10	c	c	NOUN
taxlaw-8367	514	11	extends	extend	VERB
taxlaw-8367	514	12	the	the	DET
taxlaw-8367	514	13	analysis	analysis	NOUN
taxlaw-8367	514	14	to	to	PART
taxlaw-8367	514	15	include	include	VERB
taxlaw-8367	514	16	the	the	DET
taxlaw-8367	514	17	riskshifting	riskshifting	NOUN
taxlaw-8367	514	18	that	that	PRON
taxlaw-8367	514	19	occurs	occur	VERB
taxlaw-8367	514	20	in	in	ADP
taxlaw-8367	514	21	most	most	ADJ
taxlaw-8367	514	22	loans	loan	NOUN
taxlaw-8367	514	23	.	.	PUNCT
taxlaw-8367	515	1	because	because	SCONJ
taxlaw-8367	515	2	a	a	DET
taxlaw-8367	515	3	riskless	riskless	NOUN
taxlaw-8367	515	4	loan	loan	NOUN
taxlaw-8367	515	5	by	by	ADP
taxlaw-8367	515	6	definition	definition	NOUN
taxlaw-8367	515	7	can	can	AUX
taxlaw-8367	515	8	not	not	PART
taxlaw-8367	515	9	go	go	VERB
taxlaw-8367	515	10	into	into	ADP
taxlaw-8367	515	11	default	default	NOUN
taxlaw-8367	515	12	,	,	PUNCT
taxlaw-8367	515	13	the	the	DET
taxlaw-8367	515	14	discussion	discussion	NOUN
taxlaw-8367	515	15	of	of	ADP
taxlaw-8367	515	16	doi	doi	NOUN
taxlaw-8367	515	17	income	income	NOUN
taxlaw-8367	515	18	is	be	AUX
taxlaw-8367	515	19	deferred	defer	VERB
taxlaw-8367	515	20	to	to	PART
taxlaw-8367	515	21	subpart	subpart	VERB
taxlaw-8367	515	22	c.	c.	NOUN
taxlaw-8367	515	23	considered	consider	VERB
taxlaw-8367	515	24	economically	economically	ADV
taxlaw-8367	515	25	,	,	PUNCT
taxlaw-8367	515	26	in	in	ADP
taxlaw-8367	515	27	a	a	DET
taxlaw-8367	515	28	loan	loan	NOUN
taxlaw-8367	515	29	the	the	DET
taxlaw-8367	515	30	borrower	borrower	NOUN
taxlaw-8367	515	31	purchases	purchase	VERB
taxlaw-8367	515	32	a	a	DET
taxlaw-8367	515	33	time	time	NOUN
taxlaw-8367	515	34	-	-	PUNCT
taxlaw-8367	515	35	slice	slice	NOUN
taxlaw-8367	515	36	of	of	ADP
taxlaw-8367	515	37	the	the	DET
taxlaw-8367	515	38	subject	subject	ADJ
taxlaw-8367	515	39	property	property	NOUN
taxlaw-8367	515	40	—	—	PUNCT
taxlaw-8367	515	41	the	the	DET
taxlaw-8367	515	42	cash	cash	NOUN
taxlaw-8367	515	43	borrowed	borrow	VERB
taxlaw-8367	515	44	—	—	PUNCT
taxlaw-8367	515	45	in	in	ADP
taxlaw-8367	515	46	exchange	exchange	NOUN
taxlaw-8367	515	47	for	for	ADP
taxlaw-8367	515	48	interest	interest	NOUN
taxlaw-8367	515	49	payments	payment	NOUN
taxlaw-8367	515	50	.	.	PUNCT
taxlaw-8367	516	1	in	in	ADP
taxlaw-8367	516	2	the	the	DET
taxlaw-8367	516	3	typical	typical	ADJ
taxlaw-8367	516	4	loan	loan	NOUN
taxlaw-8367	516	5	,	,	PUNCT
taxlaw-8367	516	6	payment	payment	NOUN
taxlaw-8367	516	7	of	of	ADP
taxlaw-8367	516	8	interest	interest	NOUN
taxlaw-8367	516	9	is	be	AUX
taxlaw-8367	516	10	an	an	DET
taxlaw-8367	516	11	ongoing	ongoing	ADJ
taxlaw-8367	516	12	obligation	obligation	NOUN
taxlaw-8367	516	13	.	.	PUNCT
taxlaw-8367	517	1	failure	failure	NOUN
taxlaw-8367	517	2	to	to	PART
taxlaw-8367	517	3	pay	pay	VERB
taxlaw-8367	517	4	interest	interest	NOUN
taxlaw-8367	517	5	accelerates	accelerate	VERB
taxlaw-8367	517	6	the	the	DET
taxlaw-8367	517	7	loan	loan	NOUN
taxlaw-8367	517	8	or	or	CCONJ
taxlaw-8367	517	9	,	,	PUNCT
taxlaw-8367	517	10	if	if	SCONJ
taxlaw-8367	517	11	it	it	PRON
taxlaw-8367	517	12	does	do	AUX
taxlaw-8367	517	13	not	not	PART
taxlaw-8367	517	14	accelerate	accelerate	VERB
taxlaw-8367	517	15	it	it	PRON
taxlaw-8367	517	16	,	,	PUNCT
taxlaw-8367	517	17	generates	generate	VERB
taxlaw-8367	517	18	an	an	DET
taxlaw-8367	517	19	obligation	obligation	NOUN
taxlaw-8367	517	20	to	to	PART
taxlaw-8367	517	21	pay	pay	VERB
taxlaw-8367	517	22	interest	interest	NOUN
taxlaw-8367	517	23	on	on	ADP
taxlaw-8367	517	24	the	the	DET
taxlaw-8367	517	25	interest	interest	NOUN
taxlaw-8367	517	26	such	such	ADJ
taxlaw-8367	517	27	that	that	SCONJ
taxlaw-8367	517	28	the	the	DET
taxlaw-8367	517	29	same	same	ADJ
taxlaw-8367	517	30	overall	overall	ADJ
taxlaw-8367	517	31	result	result	NOUN
taxlaw-8367	517	32	obtains	obtain	VERB
taxlaw-8367	517	33	as	as	ADV
taxlaw-8367	517	34	long	long	ADV
taxlaw-8367	517	35	as	as	SCONJ
taxlaw-8367	517	36	the	the	DET
taxlaw-8367	517	37	interest	interest	NOUN
taxlaw-8367	517	38	is	be	AUX
taxlaw-8367	517	39	actually	actually	ADV
taxlaw-8367	517	40	paid;105	paid;105	NOUN
taxlaw-8367	517	41	moreover	moreover	ADV
taxlaw-8367	517	42	,	,	PUNCT
taxlaw-8367	517	43	once	once	SCONJ
taxlaw-8367	517	44	it	it	PRON
taxlaw-8367	517	45	becomes	become	VERB
taxlaw-8367	517	46	clear	clear	ADJ
taxlaw-8367	517	47	that	that	SCONJ
taxlaw-8367	517	48	interest	interest	NOUN
taxlaw-8367	517	49	will	will	AUX
taxlaw-8367	517	50	not	not	PART
taxlaw-8367	517	51	be	be	AUX
taxlaw-8367	517	52	paid	pay	VERB
taxlaw-8367	517	53	,	,	PUNCT
taxlaw-8367	517	54	the	the	DET
taxlaw-8367	517	55	loan	loan	NOUN
taxlaw-8367	517	56	becomes	become	VERB
taxlaw-8367	517	57	immediately	immediately	ADV
taxlaw-8367	517	58	due	due	ADJ
taxlaw-8367	517	59	.	.	PUNCT
taxlaw-8367	518	1	these	these	DET
taxlaw-8367	518	2	facts	fact	NOUN
taxlaw-8367	518	3	indicate	indicate	VERB
taxlaw-8367	518	4	that	that	SCONJ
taxlaw-8367	518	5	in	in	ADP
taxlaw-8367	518	6	economic	economic	ADJ
taxlaw-8367	518	7	substance	substance	NOUN
taxlaw-8367	518	8	,	,	PUNCT
taxlaw-8367	518	9	each	each	DET
taxlaw-8367	518	10	interest	interest	NOUN
taxlaw-8367	518	11	payment	payment	NOUN
taxlaw-8367	518	12	purchases	purchase	NOUN
taxlaw-8367	518	13	use	use	VERB
taxlaw-8367	518	14	for	for	ADP
taxlaw-8367	518	15	a	a	DET
taxlaw-8367	518	16	given	give	VERB
taxlaw-8367	518	17	period	period	NOUN
taxlaw-8367	518	18	.	.	PUNCT
taxlaw-8367	519	1	this	this	PRON
taxlaw-8367	519	2	is	be	AUX
taxlaw-8367	519	3	a	a	DET
taxlaw-8367	519	4	simple	simple	ADJ
taxlaw-8367	519	5	value	value	NOUN
taxlaw-8367	519	6	-	-	PUNCT
taxlaw-8367	519	7	for	for	ADP
taxlaw-8367	519	8	-	-	PUNCT
taxlaw-8367	519	9	value	value	NOUN
taxlaw-8367	519	10	exchange	exchange	NOUN
taxlaw-8367	519	11	.	.	PUNCT
taxlaw-8367	520	1	consequently	consequently	ADV
taxlaw-8367	520	2	,	,	PUNCT
taxlaw-8367	520	3	setting	set	VERB
taxlaw-8367	520	4	aside	aside	ADP
taxlaw-8367	520	5	for	for	ADP
taxlaw-8367	520	6	the	the	DET
taxlaw-8367	520	7	moment	moment	NOUN
taxlaw-8367	520	8	the	the	DET
taxlaw-8367	520	9	possible	possible	ADJ
taxlaw-8367	520	10	effect	effect	NOUN
taxlaw-8367	520	11	of	of	ADP
taxlaw-8367	520	12	deductibility	deductibility	NOUN
taxlaw-8367	520	13	on	on	ADP
taxlaw-8367	520	14	the	the	DET
taxlaw-8367	520	15	payment	payment	NOUN
taxlaw-8367	520	16	of	of	ADP
taxlaw-8367	520	17	interest	interest	NOUN
taxlaw-8367	520	18	,	,	PUNCT
taxlaw-8367	520	19	the	the	DET
taxlaw-8367	520	20	borrower	borrower	NOUN
taxlaw-8367	520	21	has	have	VERB
taxlaw-8367	520	22	full	full	ADJ
taxlaw-8367	520	23	basis	basis	NOUN
taxlaw-8367	520	24	in	in	ADP
taxlaw-8367	520	25	the	the	DET
taxlaw-8367	520	26	use	use	NOUN
taxlaw-8367	520	27	of	of	ADP
taxlaw-8367	520	28	the	the	DET
taxlaw-8367	520	29	proceeds	proceed	NOUN
taxlaw-8367	520	30	(	(	PUNCT
taxlaw-8367	520	31	not	not	PART
taxlaw-8367	520	32	in	in	ADP
taxlaw-8367	520	33	the	the	DET
taxlaw-8367	520	34	remainder	remainder	NOUN
taxlaw-8367	520	35	)	)	PUNCT
taxlaw-8367	520	36	for	for	ADP
taxlaw-8367	520	37	the	the	DET
taxlaw-8367	520	38	period	period	NOUN
taxlaw-8367	520	39	for	for	ADP
taxlaw-8367	520	40	which	which	PRON
taxlaw-8367	520	41	interest	interest	NOUN
taxlaw-8367	520	42	is	be	AUX
taxlaw-8367	520	43	paid	pay	VERB
taxlaw-8367	520	44	for	for	ADP
taxlaw-8367	520	45	the	the	DET
taxlaw-8367	520	46	simple	simple	ADJ
taxlaw-8367	520	47	reason	reason	NOUN
taxlaw-8367	520	48	that	that	SCONJ
taxlaw-8367	520	49	the	the	DET
taxlaw-8367	520	50	interest	interest	NOUN
taxlaw-8367	520	51	payment	payment	NOUN
taxlaw-8367	520	52	represents	represent	VERB
taxlaw-8367	520	53	a	a	DET
taxlaw-8367	520	54	purchase	purchase	NOUN
taxlaw-8367	520	55	at	at	ADP
taxlaw-8367	520	56	the	the	DET
taxlaw-8367	520	57	cost	cost	NOUN
taxlaw-8367	520	58	of	of	ADP
taxlaw-8367	520	59	the	the	DET
taxlaw-8367	520	60	time	time	NOUN
taxlaw-8367	520	61	-	-	PUNCT
taxlaw-8367	520	62	slice	slice	NOUN
taxlaw-8367	520	63	with	with	ADP
taxlaw-8367	520	64	after	after	ADP
taxlaw-8367	520	65	-	-	PUNCT
taxlaw-8367	520	66	tax	tax	NOUN
taxlaw-8367	520	67	dollars	dollar	NOUN
taxlaw-8367	520	68	.	.	PUNCT
taxlaw-8367	521	1	hence	hence	ADV
taxlaw-8367	521	2	there	there	PRON
taxlaw-8367	521	3	is	be	VERB
taxlaw-8367	521	4	no	no	DET
taxlaw-8367	521	5	question	question	NOUN
taxlaw-8367	521	6	of	of	ADP
taxlaw-8367	521	7	inclusion	inclusion	NOUN
taxlaw-8367	521	8	on	on	ADP
taxlaw-8367	521	9	101	101	NUM
taxlaw-8367	521	10	see	see	NOUN
taxlaw-8367	521	11	,	,	PUNCT
taxlaw-8367	521	12	e.g.	e.g.	ADV
taxlaw-8367	521	13	,	,	PUNCT
taxlaw-8367	521	14	revised	revise	VERB
taxlaw-8367	521	15	unif	unif	ADJ
taxlaw-8367	521	16	.	.	PUNCT
taxlaw-8367	522	1	landlord	landlord	PROPN
taxlaw-8367	522	2	and	and	CCONJ
taxlaw-8367	522	3	tenant	tenant	PROPN
taxlaw-8367	522	4	act	act	PROPN
taxlaw-8367	522	5	§	§	PROPN
taxlaw-8367	522	6	601(a)(1	601(a)(1	PROPN
taxlaw-8367	522	7	)	)	PUNCT
taxlaw-8367	522	8	(	(	PUNCT
taxlaw-8367	522	9	unif	unif	ADJ
taxlaw-8367	522	10	.	.	PUNCT
taxlaw-8367	523	1	l.	l.	PROPN
taxlaw-8367	523	2	comm’n	comm’n	PROPN
taxlaw-8367	523	3	1972	1972	NUM
taxlaw-8367	523	4	)	)	PUNCT
taxlaw-8367	524	1	(	(	PUNCT
taxlaw-8367	524	2	providing	provide	VERB
taxlaw-8367	524	3	that	that	SCONJ
taxlaw-8367	524	4	a	a	DET
taxlaw-8367	524	5	landlord	landlord	NOUN
taxlaw-8367	524	6	may	may	AUX
taxlaw-8367	524	7	terminate	terminate	VERB
taxlaw-8367	524	8	a	a	DET
taxlaw-8367	524	9	lease	lease	NOUN
taxlaw-8367	524	10	for	for	ADP
taxlaw-8367	524	11	nonpayment	nonpayment	NOUN
taxlaw-8367	524	12	of	of	ADP
taxlaw-8367	524	13	rent	rent	NOUN
taxlaw-8367	524	14	due	due	ADJ
taxlaw-8367	524	15	by	by	ADP
taxlaw-8367	524	16	giving	give	VERB
taxlaw-8367	524	17	the	the	DET
taxlaw-8367	524	18	tenant	tenant	NOUN
taxlaw-8367	524	19	notice	notice	NOUN
taxlaw-8367	524	20	in	in	ADP
taxlaw-8367	524	21	a	a	DET
taxlaw-8367	524	22	record	record	NOUN
taxlaw-8367	524	23	stating	state	VERB
taxlaw-8367	524	24	that	that	SCONJ
taxlaw-8367	524	25	if	if	SCONJ
taxlaw-8367	524	26	the	the	DET
taxlaw-8367	524	27	rent	rent	NOUN
taxlaw-8367	524	28	remains	remain	VERB
taxlaw-8367	524	29	unpaid	unpaid	ADJ
taxlaw-8367	524	30	14	14	NUM
taxlaw-8367	524	31	days	day	NOUN
taxlaw-8367	524	32	after	after	SCONJ
taxlaw-8367	524	33	the	the	DET
taxlaw-8367	524	34	notice	notice	NOUN
taxlaw-8367	524	35	is	be	AUX
taxlaw-8367	524	36	given	give	VERB
taxlaw-8367	524	37	the	the	DET
taxlaw-8367	524	38	lease	lease	NOUN
taxlaw-8367	524	39	terminates	terminate	VERB
taxlaw-8367	524	40	)	)	PUNCT
taxlaw-8367	524	41	.	.	PUNCT
taxlaw-8367	525	1	102	102	NUM
taxlaw-8367	525	2	see	see	NOUN
taxlaw-8367	525	3	,	,	PUNCT
taxlaw-8367	525	4	e.g.	e.g.	ADV
taxlaw-8367	525	5	,	,	PUNCT
taxlaw-8367	525	6	ross	ross	PROPN
taxlaw-8367	525	7	p.	p.	PROPN
taxlaw-8367	525	8	buckley	buckley	PROPN
taxlaw-8367	525	9	,	,	PUNCT
taxlaw-8367	525	10	why	why	SCONJ
taxlaw-8367	525	11	are	be	AUX
taxlaw-8367	525	12	developing	develop	VERB
taxlaw-8367	525	13	nations	nation	NOUN
taxlaw-8367	525	14	so	so	ADV
taxlaw-8367	525	15	slow	slow	ADJ
taxlaw-8367	525	16	to	to	PART
taxlaw-8367	525	17	play	play	VERB
taxlaw-8367	525	18	the	the	DET
taxlaw-8367	525	19	default	default	NOUN
taxlaw-8367	525	20	card	card	NOUN
taxlaw-8367	525	21	in	in	ADP
taxlaw-8367	525	22	renegotiating	renegotiate	VERB
taxlaw-8367	525	23	their	their	PRON
taxlaw-8367	525	24	sovereign	sovereign	ADJ
taxlaw-8367	525	25	indebtedness	indebtedness	NOUN
taxlaw-8367	525	26	,	,	PUNCT
taxlaw-8367	525	27	6	6	NUM
taxlaw-8367	525	28	chi	chi	NOUN
taxlaw-8367	525	29	.	.	PUNCT
taxlaw-8367	526	1	j.	j.	PROPN
taxlaw-8367	526	2	int’l	int’l	PROPN
taxlaw-8367	526	3	l.	l.	PROPN
taxlaw-8367	526	4	345	345	NUM
taxlaw-8367	526	5	,	,	PUNCT
taxlaw-8367	526	6	346	346	NUM
taxlaw-8367	526	7	n.3	n.3	NOUN
taxlaw-8367	526	8	(	(	PUNCT
taxlaw-8367	526	9	“	"	PUNCT
taxlaw-8367	526	10	under	under	ADP
taxlaw-8367	526	11	most	most	ADJ
taxlaw-8367	526	12	loan	loan	NOUN
taxlaw-8367	526	13	agreements	agreement	NOUN
taxlaw-8367	526	14	and	and	CCONJ
taxlaw-8367	526	15	bonds	bond	NOUN
taxlaw-8367	526	16	,	,	PUNCT
taxlaw-8367	526	17	nonpayment	nonpayment	NOUN
taxlaw-8367	526	18	of	of	ADP
taxlaw-8367	526	19	interest	interest	NOUN
taxlaw-8367	526	20	or	or	CCONJ
taxlaw-8367	526	21	principal	principal	NOUN
taxlaw-8367	526	22	is	be	AUX
taxlaw-8367	526	23	a	a	DET
taxlaw-8367	526	24	ground	ground	NOUN
taxlaw-8367	526	25	upon	upon	SCONJ
taxlaw-8367	526	26	which	which	PRON
taxlaw-8367	526	27	a	a	DET
taxlaw-8367	526	28	creditor	creditor	NOUN
taxlaw-8367	526	29	can	can	AUX
taxlaw-8367	526	30	declare	declare	VERB
taxlaw-8367	526	31	a	a	DET
taxlaw-8367	526	32	debtor	debtor	NOUN
taxlaw-8367	526	33	in	in	ADP
taxlaw-8367	526	34	default	default	NOUN
taxlaw-8367	526	35	,	,	PUNCT
taxlaw-8367	526	36	but	but	CCONJ
taxlaw-8367	526	37	default	default	NOUN
taxlaw-8367	526	38	is	be	AUX
taxlaw-8367	526	39	not	not	PART
taxlaw-8367	526	40	an	an	DET
taxlaw-8367	526	41	automatic	automatic	ADJ
taxlaw-8367	526	42	event	event	NOUN
taxlaw-8367	526	43	.	.	PUNCT
taxlaw-8367	526	44	”	"	PUNCT
taxlaw-8367	526	45	)	)	PUNCT
taxlaw-8367	526	46	.	.	PUNCT
taxlaw-8367	527	1	103	103	NUM
taxlaw-8367	527	2	see	see	NOUN
taxlaw-8367	527	3	,	,	PUNCT
taxlaw-8367	527	4	e.g.	e.g.	ADV
taxlaw-8367	527	5	,	,	PUNCT
taxlaw-8367	527	6	prompt	prompt	ADJ
taxlaw-8367	527	7	payment	payment	NOUN
taxlaw-8367	527	8	,	,	PUNCT
taxlaw-8367	527	9	bureau	bureau	NOUN
taxlaw-8367	527	10	of	of	ADP
taxlaw-8367	527	11	the	the	DET
taxlaw-8367	527	12	fiscal	fiscal	ADJ
taxlaw-8367	527	13	serv	serv	NOUN
taxlaw-8367	527	14	.	.	PUNCT
taxlaw-8367	527	15	,	,	PUNCT
taxlaw-8367	527	16	https://www.fiscal.treasury.gov	https://www.fiscal.treasury.gov	PROPN
taxlaw-8367	527	17	/prompt	/prompt	NOUN
taxlaw-8367	527	18	-	-	PUNCT
taxlaw-8367	527	19	payment	payment	NOUN
taxlaw-8367	527	20	/	/	SYM
taxlaw-8367	527	21	interest.html	interest.html	NOUN
taxlaw-8367	528	1	[	[	X
taxlaw-8367	528	2	https://perma.cc/8tb3-63rg	https://perma.cc/8tb3-63rg	X
taxlaw-8367	528	3	]	]	X
taxlaw-8367	528	4	(	(	PUNCT
taxlaw-8367	528	5	last	last	ADV
taxlaw-8367	528	6	visited	visit	VERB
taxlaw-8367	528	7	mar	mar	PROPN
taxlaw-8367	528	8	.	.	PROPN
taxlaw-8367	528	9	21	21	NUM
taxlaw-8367	528	10	,	,	PUNCT
taxlaw-8367	528	11	2021	2021	NUM
taxlaw-8367	528	12	)	)	PUNCT
taxlaw-8367	529	1	(	(	PUNCT
taxlaw-8367	529	2	explaining	explain	VERB
taxlaw-8367	529	3	that	that	SCONJ
taxlaw-8367	529	4	interest	interest	NOUN
taxlaw-8367	529	5	accrues	accrue	VERB
taxlaw-8367	529	6	on	on	ADP
taxlaw-8367	529	7	a	a	DET
taxlaw-8367	529	8	late	late	ADJ
taxlaw-8367	529	9	loan	loan	NOUN
taxlaw-8367	529	10	payment	payment	NOUN
taxlaw-8367	529	11	by	by	ADP
taxlaw-8367	529	12	applying	apply	VERB
taxlaw-8367	529	13	the	the	DET
taxlaw-8367	529	14	interest	interest	NOUN
taxlaw-8367	529	15	rate	rate	NOUN
taxlaw-8367	529	16	to	to	ADP
taxlaw-8367	529	17	the	the	DET
taxlaw-8367	529	18	late	late	ADJ
taxlaw-8367	529	19	amount	amount	NOUN
taxlaw-8367	529	20	under	under	ADP
taxlaw-8367	529	21	usual	usual	ADJ
taxlaw-8367	529	22	compounding	compounding	NOUN
taxlaw-8367	529	23	principles	principle	NOUN
taxlaw-8367	529	24	)	)	PUNCT
taxlaw-8367	529	25	.	.	PUNCT
taxlaw-8367	530	1	104	104	NUM
taxlaw-8367	530	2	loan	loan	NOUN
taxlaw-8367	530	3	agreement	agreement	NOUN
taxlaw-8367	530	4	:	:	PUNCT
taxlaw-8367	530	5	overview	overview	NOUN
taxlaw-8367	530	6	,	,	PUNCT
taxlaw-8367	530	7	prac	prac	PROPN
taxlaw-8367	530	8	.	.	PUNCT
taxlaw-8367	531	1	l.	l.	PROPN
taxlaw-8367	531	2	fin	fin	PROPN
taxlaw-8367	531	3	.	.	PROPN
taxlaw-8367	531	4	,	,	PUNCT
taxlaw-8367	531	5	https://www.westlaw.com/8-3810296?transitiontype=default&contextdata=(sc.default)&vr=3.0&rs=cblt1.0	https://www.westlaw.com/8-3810296?transitiontype=default&contextdata=(sc.default)&vr=3.0&rs=cblt1.0	PROPN
taxlaw-8367	531	6	(	(	PUNCT
taxlaw-8367	531	7	last	last	ADV
taxlaw-8367	531	8	visited	visit	VERB
taxlaw-8367	531	9	feb	feb	PROPN
taxlaw-8367	531	10	.	.	PROPN
taxlaw-8367	531	11	16	16	NUM
taxlaw-8367	531	12	,	,	PUNCT
taxlaw-8367	531	13	2021	2021	NUM
taxlaw-8367	531	14	)	)	PUNCT
taxlaw-8367	531	15	,	,	PUNCT
taxlaw-8367	531	16	(	(	PUNCT
taxlaw-8367	531	17	“	"	PUNCT
taxlaw-8367	531	18	[	[	X
taxlaw-8367	531	19	defaults	default	NOUN
taxlaw-8367	531	20	]	]	PUNCT
taxlaw-8367	531	21	are	be	AUX
taxlaw-8367	531	22	events	event	NOUN
taxlaw-8367	531	23	(	(	PUNCT
taxlaw-8367	531	24	such	such	ADJ
taxlaw-8367	531	25	as	as	ADP
taxlaw-8367	531	26	non	non	ADJ
taxlaw-8367	531	27	-	-	NOUN
taxlaw-8367	531	28	payment	payment	NOUN
taxlaw-8367	531	29	of	of	ADP
taxlaw-8367	531	30	interest	interest	NOUN
taxlaw-8367	531	31	or	or	CCONJ
taxlaw-8367	531	32	principal	principal	NOUN
taxlaw-8367	531	33	.	.	PUNCT
taxlaw-8367	531	34	.	.	PUNCT
taxlaw-8367	532	1	.	.	PUNCT
taxlaw-8367	532	2	)	)	PUNCT
taxlaw-8367	533	1	which	which	PRON
taxlaw-8367	533	2	allow	allow	VERB
taxlaw-8367	533	3	lenders	lender	NOUN
taxlaw-8367	533	4	to	to	PART
taxlaw-8367	533	5	exercise	exercise	VERB
taxlaw-8367	533	6	their	their	PRON
taxlaw-8367	533	7	remedies	remedy	NOUN
taxlaw-8367	533	8	.	.	PUNCT
taxlaw-8367	534	1	these	these	DET
taxlaw-8367	534	2	remedies	remedy	NOUN
taxlaw-8367	534	3	allow	allow	VERB
taxlaw-8367	534	4	the	the	DET
taxlaw-8367	534	5	lenders	lender	NOUN
taxlaw-8367	534	6	to	to	PART
taxlaw-8367	534	7	accelerate	accelerate	VERB
taxlaw-8367	534	8	the	the	DET
taxlaw-8367	534	9	repayment	repayment	NOUN
taxlaw-8367	534	10	of	of	ADP
taxlaw-8367	534	11	outstanding	outstanding	ADJ
taxlaw-8367	534	12	debt	debt	NOUN
taxlaw-8367	534	13	.	.	PUNCT
taxlaw-8367	534	14	.	.	PUNCT
taxlaw-8367	534	15	.	.	PUNCT
taxlaw-8367	534	16	”	"	PUNCT
taxlaw-8367	534	17	)	)	PUNCT
taxlaw-8367	534	18	.	.	PUNCT
taxlaw-8367	535	1	105	105	NUM
taxlaw-8367	535	2	original	original	ADJ
taxlaw-8367	535	3	issue	issue	NOUN
taxlaw-8367	535	4	discount	discount	NOUN
taxlaw-8367	535	5	bonds	bond	NOUN
taxlaw-8367	535	6	are	be	AUX
taxlaw-8367	535	7	debt	debt	NOUN
taxlaw-8367	535	8	instruments	instrument	NOUN
taxlaw-8367	535	9	on	on	ADP
taxlaw-8367	535	10	which	which	PRON
taxlaw-8367	535	11	interest	interest	NOUN
taxlaw-8367	535	12	due	due	ADJ
taxlaw-8367	535	13	is	be	AUX
taxlaw-8367	535	14	simply	simply	ADV
taxlaw-8367	535	15	added	add	VERB
taxlaw-8367	535	16	to	to	ADP
taxlaw-8367	535	17	the	the	DET
taxlaw-8367	535	18	outstanding	outstanding	ADJ
taxlaw-8367	535	19	principal	principal	ADJ
taxlaw-8367	535	20	amount	amount	NOUN
taxlaw-8367	535	21	rather	rather	ADV
taxlaw-8367	535	22	than	than	ADP
taxlaw-8367	535	23	paid	pay	VERB
taxlaw-8367	535	24	to	to	ADP
taxlaw-8367	535	25	the	the	DET
taxlaw-8367	535	26	bondholder	bondholder	NOUN
taxlaw-8367	535	27	so	so	SCONJ
taxlaw-8367	535	28	that	that	SCONJ
taxlaw-8367	535	29	more	more	ADJ
taxlaw-8367	535	30	interest	interest	NOUN
taxlaw-8367	535	31	accrues	accrue	VERB
taxlaw-8367	535	32	as	as	ADP
taxlaw-8367	535	33	time	time	NOUN
taxlaw-8367	535	34	passes	pass	NOUN
taxlaw-8367	535	35	.	.	PUNCT
taxlaw-8367	536	1	see	see	VERB
taxlaw-8367	536	2	i.r.c	i.r.c	NOUN
taxlaw-8367	536	3	.	.	PUNCT
taxlaw-8367	537	1	§	§	PROPN
taxlaw-8367	537	2	§	§	PROPN
taxlaw-8367	537	3	1271	1271	NUM
taxlaw-8367	537	4	-	-	SYM
taxlaw-8367	537	5	73	73	NUM
taxlaw-8367	537	6	(	(	PUNCT
taxlaw-8367	537	7	so	so	ADV
taxlaw-8367	537	8	treating	treat	VERB
taxlaw-8367	537	9	bonds	bond	NOUN
taxlaw-8367	537	10	for	for	ADP
taxlaw-8367	537	11	tax	tax	NOUN
taxlaw-8367	537	12	purposes	purpose	NOUN
taxlaw-8367	537	13	whose	whose	DET
taxlaw-8367	537	14	stated	state	VERB
taxlaw-8367	537	15	redemption	redemption	NOUN
taxlaw-8367	537	16	price	price	NOUN
taxlaw-8367	537	17	at	at	ADP
taxlaw-8367	537	18	maturity	maturity	NOUN
taxlaw-8367	537	19	exceeds	exceed	VERB
taxlaw-8367	537	20	their	their	PRON
taxlaw-8367	537	21	issue	issue	NOUN
taxlaw-8367	537	22	price	price	NOUN
taxlaw-8367	537	23	by	by	ADP
taxlaw-8367	537	24	more	more	ADJ
taxlaw-8367	537	25	than	than	ADP
taxlaw-8367	537	26	a	a	DET
taxlaw-8367	537	27	de	de	X
taxlaw-8367	537	28	minimis	minimis	NOUN
taxlaw-8367	537	29	amount	amount	NOUN
taxlaw-8367	537	30	)	)	PUNCT
taxlaw-8367	537	31	.	.	PUNCT
taxlaw-8367	538	1	2021	2021	NUM
taxlaw-8367	538	2	]	]	PUNCT
taxlaw-8367	538	3	debt	debt	NOUN
taxlaw-8367	538	4	and	and	CCONJ
taxlaw-8367	538	5	taxes	taxis	NOUN
taxlaw-8367	538	6	109	109	NUM
taxlaw-8367	538	7	receipt	receipt	NOUN
taxlaw-8367	538	8	of	of	ADP
taxlaw-8367	538	9	the	the	DET
taxlaw-8367	538	10	time	time	NOUN
taxlaw-8367	538	11	-	-	PUNCT
taxlaw-8367	538	12	slice	slice	NOUN
taxlaw-8367	538	13	because	because	SCONJ
taxlaw-8367	538	14	there	there	PRON
taxlaw-8367	538	15	is	be	VERB
taxlaw-8367	538	16	nothing	nothing	PRON
taxlaw-8367	538	17	to	to	PART
taxlaw-8367	538	18	include	include	VERB
taxlaw-8367	538	19	,	,	PUNCT
taxlaw-8367	538	20	apart	apart	ADV
taxlaw-8367	538	21	,	,	PUNCT
taxlaw-8367	538	22	possibly	possibly	ADV
taxlaw-8367	538	23	,	,	PUNCT
taxlaw-8367	538	24	from	from	ADP
taxlaw-8367	538	25	the	the	DET
taxlaw-8367	538	26	value	value	NOUN
taxlaw-8367	538	27	of	of	ADP
taxlaw-8367	538	28	the	the	DET
taxlaw-8367	538	29	first	first	ADJ
taxlaw-8367	538	30	interest	interest	NOUN
taxlaw-8367	538	31	period	period	NOUN
taxlaw-8367	538	32	.	.	PUNCT
taxlaw-8367	539	1	but	but	CCONJ
taxlaw-8367	539	2	just	just	ADV
taxlaw-8367	539	3	as	as	SCONJ
taxlaw-8367	539	4	a	a	DET
taxlaw-8367	539	5	lessee	lessee	NOUN
taxlaw-8367	539	6	does	do	AUX
taxlaw-8367	539	7	not	not	PART
taxlaw-8367	539	8	include	include	VERB
taxlaw-8367	539	9	the	the	DET
taxlaw-8367	539	10	value	value	NOUN
taxlaw-8367	539	11	of	of	ADP
taxlaw-8367	539	12	a	a	DET
taxlaw-8367	539	13	leasehold	leasehold	NOUN
taxlaw-8367	539	14	or	or	CCONJ
taxlaw-8367	539	15	even	even	ADV
taxlaw-8367	539	16	of	of	ADP
taxlaw-8367	539	17	the	the	DET
taxlaw-8367	539	18	first	first	ADJ
taxlaw-8367	539	19	rental	rental	ADJ
taxlaw-8367	539	20	period	period	NOUN
taxlaw-8367	539	21	on	on	ADP
taxlaw-8367	539	22	taking	take	VERB
taxlaw-8367	539	23	possession	possession	NOUN
taxlaw-8367	539	24	,	,	PUNCT
taxlaw-8367	539	25	it	it	PRON
taxlaw-8367	539	26	seems	seem	VERB
taxlaw-8367	539	27	administratively	administratively	ADV
taxlaw-8367	539	28	much	much	ADV
taxlaw-8367	539	29	simpler	simple	ADJ
taxlaw-8367	539	30	to	to	PART
taxlaw-8367	539	31	disregard	disregard	VERB
taxlaw-8367	539	32	this	this	DET
taxlaw-8367	539	33	relatively	relatively	ADV
taxlaw-8367	539	34	minor	minor	ADJ
taxlaw-8367	539	35	benefit.106	benefit.106	NOUN
taxlaw-8367	539	36	on	on	ADP
taxlaw-8367	539	37	the	the	DET
taxlaw-8367	539	38	lender	lender	NOUN
taxlaw-8367	539	39	side	side	NOUN
taxlaw-8367	539	40	,	,	PUNCT
taxlaw-8367	539	41	the	the	DET
taxlaw-8367	539	42	sale	sale	NOUN
taxlaw-8367	539	43	of	of	ADP
taxlaw-8367	539	44	the	the	DET
taxlaw-8367	539	45	use	use	NOUN
taxlaw-8367	539	46	is	be	AUX
taxlaw-8367	539	47	an	an	DET
taxlaw-8367	539	48	exchange	exchange	NOUN
taxlaw-8367	539	49	that	that	PRON
taxlaw-8367	539	50	generates	generate	VERB
taxlaw-8367	539	51	gain	gain	NOUN
taxlaw-8367	539	52	only	only	ADV
taxlaw-8367	539	53	as	as	SCONJ
taxlaw-8367	539	54	use	use	NOUN
taxlaw-8367	539	55	arises	arise	VERB
taxlaw-8367	539	56	,	,	PUNCT
taxlaw-8367	539	57	which	which	DET
taxlaw-8367	539	58	gain	gain	NOUN
taxlaw-8367	539	59	is	be	AUX
taxlaw-8367	539	60	simply	simply	ADV
taxlaw-8367	539	61	interest	interest	NOUN
taxlaw-8367	539	62	.	.	PUNCT
taxlaw-8367	540	1	because	because	SCONJ
taxlaw-8367	540	2	the	the	DET
taxlaw-8367	540	3	transfer	transfer	NOUN
taxlaw-8367	540	4	of	of	ADP
taxlaw-8367	540	5	the	the	DET
taxlaw-8367	540	6	loan	loan	NOUN
taxlaw-8367	540	7	proceeds	proceed	NOUN
taxlaw-8367	540	8	is	be	AUX
taxlaw-8367	540	9	itself	itself	PRON
taxlaw-8367	540	10	incidental	incidental	ADJ
taxlaw-8367	540	11	,	,	PUNCT
taxlaw-8367	540	12	there	there	PRON
taxlaw-8367	540	13	is	be	VERB
taxlaw-8367	540	14	no	no	DET
taxlaw-8367	540	15	deduction	deduction	NOUN
taxlaw-8367	540	16	on	on	ADP
taxlaw-8367	540	17	transfer	transfer	NOUN
taxlaw-8367	540	18	because	because	SCONJ
taxlaw-8367	540	19	from	from	ADP
taxlaw-8367	540	20	a	a	DET
taxlaw-8367	540	21	legal	legal	ADJ
taxlaw-8367	540	22	perspective	perspective	NOUN
taxlaw-8367	540	23	the	the	DET
taxlaw-8367	540	24	loan	loan	NOUN
taxlaw-8367	540	25	proceeds	proceed	NOUN
taxlaw-8367	540	26	have	have	AUX
taxlaw-8367	540	27	not	not	PART
taxlaw-8367	540	28	changed	change	VERB
taxlaw-8367	540	29	hands	hand	NOUN
taxlaw-8367	540	30	.	.	PUNCT
taxlaw-8367	541	1	one	one	PRON
taxlaw-8367	541	2	might	might	AUX
taxlaw-8367	541	3	imagine	imagine	VERB
taxlaw-8367	541	4	more	more	ADV
taxlaw-8367	541	5	nuanced	nuanced	ADJ
taxlaw-8367	541	6	fact	fact	NOUN
taxlaw-8367	541	7	patterns	pattern	NOUN
taxlaw-8367	541	8	,	,	PUNCT
taxlaw-8367	541	9	but	but	CCONJ
taxlaw-8367	541	10	the	the	DET
taxlaw-8367	541	11	basic	basic	ADJ
taxlaw-8367	541	12	analysis	analysis	NOUN
taxlaw-8367	541	13	remains	remain	VERB
taxlaw-8367	541	14	.	.	PUNCT
taxlaw-8367	542	1	consider	consider	VERB
taxlaw-8367	542	2	,	,	PUNCT
taxlaw-8367	542	3	for	for	ADP
taxlaw-8367	542	4	example	example	NOUN
taxlaw-8367	542	5	,	,	PUNCT
taxlaw-8367	542	6	early	early	ADJ
taxlaw-8367	542	7	repayments	repayment	NOUN
taxlaw-8367	542	8	.	.	PUNCT
taxlaw-8367	543	1	in	in	ADP
taxlaw-8367	543	2	many	many	ADJ
taxlaw-8367	543	3	self	self	NOUN
taxlaw-8367	543	4	-	-	PUNCT
taxlaw-8367	543	5	amortizing	amortize	VERB
taxlaw-8367	543	6	loans	loan	NOUN
taxlaw-8367	543	7	,	,	PUNCT
taxlaw-8367	543	8	early	early	ADJ
taxlaw-8367	543	9	payments	payment	NOUN
taxlaw-8367	543	10	apply	apply	VERB
taxlaw-8367	543	11	against	against	ADP
taxlaw-8367	543	12	principal	principal	NOUN
taxlaw-8367	543	13	so	so	SCONJ
taxlaw-8367	543	14	that	that	SCONJ
taxlaw-8367	543	15	interest	interest	NOUN
taxlaw-8367	543	16	that	that	PRON
taxlaw-8367	543	17	accrues	accrues	AUX
taxlaw-8367	543	18	going	go	VERB
taxlaw-8367	543	19	forward	forward	ADV
taxlaw-8367	543	20	is	be	AUX
taxlaw-8367	543	21	reduced.107	reduced.107	PRON
taxlaw-8367	543	22	but	but	CCONJ
taxlaw-8367	543	23	the	the	DET
taxlaw-8367	543	24	parties	party	NOUN
taxlaw-8367	543	25	may	may	AUX
taxlaw-8367	543	26	agree	agree	VERB
taxlaw-8367	543	27	that	that	SCONJ
taxlaw-8367	543	28	prepayments	prepayment	NOUN
taxlaw-8367	543	29	can	can	AUX
taxlaw-8367	543	30	be	be	AUX
taxlaw-8367	543	31	considered	consider	VERB
taxlaw-8367	543	32	simply	simply	ADV
taxlaw-8367	543	33	as	as	SCONJ
taxlaw-8367	543	34	they	they	PRON
taxlaw-8367	543	35	are	be	AUX
taxlaw-8367	543	36	labeled	label	VERB
taxlaw-8367	543	37	.	.	PUNCT
taxlaw-8367	544	1	in	in	ADP
taxlaw-8367	544	2	that	that	DET
taxlaw-8367	544	3	case	case	NOUN
taxlaw-8367	544	4	,	,	PUNCT
taxlaw-8367	544	5	a	a	DET
taxlaw-8367	544	6	designated	designate	VERB
taxlaw-8367	544	7	prepayment	prepayment	NOUN
taxlaw-8367	544	8	of	of	ADP
taxlaw-8367	544	9	interest	interest	NOUN
taxlaw-8367	544	10	results	result	NOUN
taxlaw-8367	544	11	in	in	ADP
taxlaw-8367	544	12	the	the	DET
taxlaw-8367	544	13	borrower	borrower	NOUN
taxlaw-8367	544	14	’s	’	VERB
taxlaw-8367	544	15	having	having	AUX
taxlaw-8367	544	16	paid	pay	VERB
taxlaw-8367	544	17	for	for	ADP
taxlaw-8367	544	18	use	use	NOUN
taxlaw-8367	544	19	in	in	ADP
taxlaw-8367	544	20	upcoming	upcoming	ADJ
taxlaw-8367	544	21	periods	period	NOUN
taxlaw-8367	544	22	and	and	CCONJ
taxlaw-8367	544	23	,	,	PUNCT
taxlaw-8367	544	24	consequently	consequently	ADV
taxlaw-8367	544	25	,	,	PUNCT
taxlaw-8367	544	26	having	have	VERB
taxlaw-8367	544	27	no	no	DET
taxlaw-8367	544	28	income	income	NOUN
taxlaw-8367	544	29	during	during	ADP
taxlaw-8367	544	30	those	those	DET
taxlaw-8367	544	31	periods	period	NOUN
taxlaw-8367	544	32	either	either	ADV
taxlaw-8367	544	33	.	.	PUNCT
taxlaw-8367	545	1	conversely	conversely	ADV
taxlaw-8367	545	2	,	,	PUNCT
taxlaw-8367	545	3	for	for	ADP
taxlaw-8367	545	4	a	a	DET
taxlaw-8367	545	5	cash	cash	NOUN
taxlaw-8367	545	6	-	-	PUNCT
taxlaw-8367	545	7	method	method	NOUN
taxlaw-8367	545	8	taxpayer	taxpayer	NOUN
taxlaw-8367	545	9	,	,	PUNCT
taxlaw-8367	545	10	delayed	delay	VERB
taxlaw-8367	545	11	payment	payment	NOUN
taxlaw-8367	545	12	of	of	ADP
taxlaw-8367	545	13	interest	interest	NOUN
taxlaw-8367	545	14	could	could	AUX
taxlaw-8367	545	15	,	,	PUNCT
taxlaw-8367	545	16	based	base	VERB
taxlaw-8367	545	17	on	on	ADP
taxlaw-8367	545	18	the	the	DET
taxlaw-8367	545	19	general	general	ADJ
taxlaw-8367	545	20	rules	rule	NOUN
taxlaw-8367	545	21	for	for	ADP
taxlaw-8367	545	22	inclusion	inclusion	NOUN
taxlaw-8367	545	23	of	of	ADP
taxlaw-8367	545	24	income	income	NOUN
taxlaw-8367	545	25	,	,	PUNCT
taxlaw-8367	545	26	generate	generate	VERB
taxlaw-8367	545	27	income	income	NOUN
taxlaw-8367	545	28	to	to	ADP
taxlaw-8367	545	29	the	the	DET
taxlaw-8367	545	30	borrower	borrower	NOUN
taxlaw-8367	545	31	if	if	SCONJ
taxlaw-8367	545	32	payment	payment	NOUN
taxlaw-8367	545	33	occurs	occur	VERB
taxlaw-8367	545	34	after	after	SCONJ
taxlaw-8367	545	35	the	the	DET
taxlaw-8367	545	36	close	close	NOUN
taxlaw-8367	545	37	of	of	ADP
taxlaw-8367	545	38	the	the	DET
taxlaw-8367	545	39	taxable	taxable	ADJ
taxlaw-8367	545	40	year.108	year.108	NOUN
taxlaw-8367	545	41	consistent	consistent	ADJ
taxlaw-8367	545	42	with	with	ADP
taxlaw-8367	545	43	the	the	DET
taxlaw-8367	545	44	idea	idea	NOUN
taxlaw-8367	545	45	that	that	SCONJ
taxlaw-8367	545	46	the	the	DET
taxlaw-8367	545	47	income	income	NOUN
taxlaw-8367	545	48	received	receive	VERB
taxlaw-8367	545	49	is	be	AUX
taxlaw-8367	545	50	the	the	DET
taxlaw-8367	545	51	rental	rental	ADJ
taxlaw-8367	545	52	value	value	NOUN
taxlaw-8367	545	53	of	of	ADP
taxlaw-8367	545	54	the	the	DET
taxlaw-8367	545	55	money	money	NOUN
taxlaw-8367	545	56	,	,	PUNCT
taxlaw-8367	545	57	the	the	DET
taxlaw-8367	545	58	amount	amount	NOUN
taxlaw-8367	545	59	of	of	ADP
taxlaw-8367	545	60	the	the	DET
taxlaw-8367	545	61	inclusion	inclusion	NOUN
taxlaw-8367	545	62	is	be	AUX
taxlaw-8367	545	63	simply	simply	ADV
taxlaw-8367	545	64	the	the	DET
taxlaw-8367	545	65	interest	interest	NOUN
taxlaw-8367	545	66	that	that	PRON
taxlaw-8367	545	67	goes	go	VERB
taxlaw-8367	545	68	unpaid	unpaid	ADJ
taxlaw-8367	545	69	until	until	ADP
taxlaw-8367	545	70	the	the	DET
taxlaw-8367	545	71	later	later	ADJ
taxlaw-8367	545	72	period	period	NOUN
taxlaw-8367	545	73	.	.	PUNCT
taxlaw-8367	546	1	finally	finally	ADV
taxlaw-8367	546	2	,	,	PUNCT
taxlaw-8367	546	3	lal	lal	PROPN
taxlaw-8367	546	4	explains	explain	VERB
taxlaw-8367	546	5	the	the	DET
taxlaw-8367	546	6	difference	difference	NOUN
taxlaw-8367	546	7	between	between	ADP
taxlaw-8367	546	8	prepaid	prepaid	ADJ
taxlaw-8367	546	9	income	income	NOUN
taxlaw-8367	546	10	items	item	NOUN
taxlaw-8367	546	11	and	and	CCONJ
taxlaw-8367	546	12	loan	loan	NOUN
taxlaw-8367	546	13	proceeds	proceed	NOUN
taxlaw-8367	546	14	.	.	PUNCT
taxlaw-8367	547	1	the	the	DET
taxlaw-8367	547	2	issue	issue	NOUN
taxlaw-8367	547	3	in	in	ADP
taxlaw-8367	547	4	the	the	DET
taxlaw-8367	547	5	prepaid	prepaid	ADJ
taxlaw-8367	547	6	income	income	NOUN
taxlaw-8367	547	7	setting	setting	NOUN
taxlaw-8367	547	8	is	be	AUX
taxlaw-8367	547	9	whether	whether	SCONJ
taxlaw-8367	547	10	an	an	DET
taxlaw-8367	547	11	accrual	accrual	ADJ
taxlaw-8367	547	12	-	-	PUNCT
taxlaw-8367	547	13	method	method	NOUN
taxlaw-8367	547	14	service	service	NOUN
taxlaw-8367	547	15	provider	provider	NOUN
taxlaw-8367	547	16	—	—	PUNCT
taxlaw-8367	547	17	the	the	DET
taxlaw-8367	547	18	seller	seller	NOUN
taxlaw-8367	547	19	—	—	PUNCT
taxlaw-8367	547	20	should	should	AUX
taxlaw-8367	547	21	include	include	VERB
taxlaw-8367	547	22	a	a	DET
taxlaw-8367	547	23	payment	payment	NOUN
taxlaw-8367	547	24	in	in	ADP
taxlaw-8367	547	25	income	income	NOUN
taxlaw-8367	547	26	even	even	ADV
taxlaw-8367	547	27	though	though	SCONJ
taxlaw-8367	547	28	services	service	NOUN
taxlaw-8367	547	29	are	be	AUX
taxlaw-8367	547	30	to	to	PART
taxlaw-8367	547	31	be	be	AUX
taxlaw-8367	547	32	provided	provide	VERB
taxlaw-8367	547	33	in	in	ADP
taxlaw-8367	547	34	a	a	DET
taxlaw-8367	547	35	later	later	ADJ
taxlaw-8367	547	36	tax	tax	NOUN
taxlaw-8367	547	37	period.109	period.109	VERB
taxlaw-8367	547	38	lal	lal	PROPN
taxlaw-8367	547	39	clarifies	clarify	VERB
taxlaw-8367	547	40	that	that	SCONJ
taxlaw-8367	547	41	in	in	ADP
taxlaw-8367	547	42	the	the	DET
taxlaw-8367	547	43	loan	loan	NOUN
taxlaw-8367	547	44	setting	set	VERB
taxlaw-8367	547	45	it	it	PRON
taxlaw-8367	547	46	is	be	AUX
taxlaw-8367	547	47	the	the	DET
taxlaw-8367	547	48	lender	lender	NOUN
taxlaw-8367	547	49	who	who	PRON
taxlaw-8367	547	50	is	be	AUX
taxlaw-8367	547	51	the	the	DET
taxlaw-8367	547	52	service	service	NOUN
taxlaw-8367	547	53	provider	provider	NOUN
taxlaw-8367	547	54	,	,	PUNCT
taxlaw-8367	547	55	not	not	PART
taxlaw-8367	547	56	the	the	DET
taxlaw-8367	547	57	borrower	borrower	NOUN
taxlaw-8367	547	58	.	.	PUNCT
taxlaw-8367	548	1	the	the	DET
taxlaw-8367	548	2	use	use	NOUN
taxlaw-8367	548	3	of	of	ADP
taxlaw-8367	548	4	the	the	DET
taxlaw-8367	548	5	loan	loan	NOUN
taxlaw-8367	548	6	proceeds	proceed	NOUN
taxlaw-8367	548	7	is	be	AUX
taxlaw-8367	548	8	not	not	PART
taxlaw-8367	548	9	analogous	analogous	ADJ
taxlaw-8367	548	10	to	to	ADP
taxlaw-8367	548	11	a	a	DET
taxlaw-8367	548	12	payment	payment	NOUN
taxlaw-8367	548	13	but	but	CCONJ
taxlaw-8367	548	14	to	to	ADP
taxlaw-8367	548	15	what	what	PRON
taxlaw-8367	548	16	is	be	AUX
taxlaw-8367	548	17	purchased	purchase	VERB
taxlaw-8367	548	18	;	;	PUNCT
taxlaw-8367	548	19	interest	interest	NOUN
taxlaw-8367	548	20	is	be	AUX
taxlaw-8367	548	21	the	the	DET
taxlaw-8367	548	22	payment	payment	NOUN
taxlaw-8367	548	23	.	.	PUNCT
taxlaw-8367	549	1	the	the	DET
taxlaw-8367	549	2	borrower	borrower	NOUN
taxlaw-8367	549	3	is	be	AUX
taxlaw-8367	549	4	the	the	DET
taxlaw-8367	549	5	service	service	NOUN
taxlaw-8367	549	6	recipient	recipient	NOUN
taxlaw-8367	549	7	.	.	PUNCT
taxlaw-8367	550	1	as	as	ADP
taxlaw-8367	550	2	a	a	DET
taxlaw-8367	550	3	service	service	NOUN
taxlaw-8367	550	4	provider	provider	NOUN
taxlaw-8367	550	5	,	,	PUNCT
taxlaw-8367	550	6	the	the	DET
taxlaw-8367	550	7	lender	lender	NOUN
taxlaw-8367	550	8	does	do	AUX
taxlaw-8367	550	9	not	not	PART
taxlaw-8367	550	10	have	have	VERB
taxlaw-8367	550	11	prepaid	prepay	VERB
taxlaw-8367	550	12	income	income	NOUN
taxlaw-8367	550	13	under	under	ADP
taxlaw-8367	550	14	a	a	DET
taxlaw-8367	550	15	standard	standard	ADJ
taxlaw-8367	550	16	lease	lease	NOUN
taxlaw-8367	550	17	because	because	SCONJ
taxlaw-8367	550	18	interest	interest	NOUN
taxlaw-8367	550	19	is	be	AUX
taxlaw-8367	550	20	paid	pay	VERB
taxlaw-8367	550	21	as	as	ADP
taxlaw-8367	550	22	use	use	NOUN
taxlaw-8367	550	23	occurs	occur	NOUN
taxlaw-8367	550	24	.	.	PUNCT
taxlaw-8367	551	1	c.	c.	PROPN
taxlaw-8367	551	2	lal	lal	PROPN
taxlaw-8367	551	3	when	when	SCONJ
taxlaw-8367	551	4	the	the	DET
taxlaw-8367	551	5	lender	lender	NOUN
taxlaw-8367	551	6	assumes	assume	VERB
taxlaw-8367	551	7	risk	risk	VERB
taxlaw-8367	551	8	the	the	DET
taxlaw-8367	551	9	analysis	analysis	NOUN
taxlaw-8367	551	10	in	in	ADP
taxlaw-8367	551	11	subpart	subpart	PROPN
taxlaw-8367	551	12	b	b	NOUN
taxlaw-8367	551	13	assumed	assume	VERB
taxlaw-8367	551	14	that	that	SCONJ
taxlaw-8367	551	15	the	the	DET
taxlaw-8367	551	16	lender	lender	NOUN
taxlaw-8367	551	17	bears	bear	VERB
taxlaw-8367	551	18	no	no	DET
taxlaw-8367	551	19	risk	risk	NOUN
taxlaw-8367	551	20	of	of	ADP
taxlaw-8367	551	21	borrower	borrower	NOUN
taxlaw-8367	551	22	default	default	NOUN
taxlaw-8367	551	23	.	.	PUNCT
taxlaw-8367	552	1	ordinarily	ordinarily	ADV
taxlaw-8367	552	2	,	,	PUNCT
taxlaw-8367	552	3	only	only	ADV
taxlaw-8367	552	4	short	short	ADJ
taxlaw-8367	552	5	-	-	PUNCT
taxlaw-8367	552	6	term	term	NOUN
taxlaw-8367	552	7	treasury	treasury	NOUN
taxlaw-8367	552	8	bonds	bond	NOUN
taxlaw-8367	552	9	are	be	AUX
taxlaw-8367	552	10	considered	consider	VERB
taxlaw-8367	552	11	riskless	riskless	NOUN
taxlaw-8367	552	12	instruments	instrument	NOUN
taxlaw-8367	552	13	,	,	PUNCT
taxlaw-8367	552	14	and	and	CCONJ
taxlaw-8367	552	15	even	even	ADV
taxlaw-8367	552	16	that	that	DET
taxlaw-8367	552	17	assumption	assumption	NOUN
taxlaw-8367	552	18	is	be	AUX
taxlaw-8367	552	19	somewhat	somewhat	ADV
taxlaw-8367	552	20	stylized	stylize	VERB
taxlaw-8367	552	21	since	since	SCONJ
taxlaw-8367	552	22	it	it	PRON
taxlaw-8367	552	23	is	be	AUX
taxlaw-8367	552	24	theoretically	theoretically	ADV
taxlaw-8367	552	25	possible	possible	ADJ
taxlaw-8367	552	26	for	for	SCONJ
taxlaw-8367	552	27	the	the	DET
taxlaw-8367	552	28	u.s	u.s	PROPN
taxlaw-8367	552	29	.	.	PROPN
taxlaw-8367	552	30	government	government	NOUN
taxlaw-8367	552	31	to	to	PART
taxlaw-8367	552	32	default.110	default.110	VERB
taxlaw-8367	552	33	in	in	ADP
taxlaw-8367	552	34	the	the	DET
taxlaw-8367	552	35	more	more	ADV
taxlaw-8367	552	36	realistic	realistic	ADJ
taxlaw-8367	552	37	case	case	NOUN
taxlaw-8367	552	38	in	in	ADP
taxlaw-8367	552	39	which	which	PRON
taxlaw-8367	552	40	the	the	DET
taxlaw-8367	552	41	lender	lender	NOUN
taxlaw-8367	552	42	assumes	assume	VERB
taxlaw-8367	552	43	risk	risk	NOUN
taxlaw-8367	552	44	,	,	PUNCT
taxlaw-8367	552	45	the	the	DET
taxlaw-8367	552	46	106	106	NUM
taxlaw-8367	552	47	to	to	PART
taxlaw-8367	552	48	illustrate	illustrate	VERB
taxlaw-8367	552	49	,	,	PUNCT
taxlaw-8367	552	50	suppose	suppose	VERB
taxlaw-8367	552	51	a	a	DET
taxlaw-8367	552	52	loan	loan	NOUN
taxlaw-8367	552	53	is	be	AUX
taxlaw-8367	552	54	extended	extend	VERB
taxlaw-8367	552	55	on	on	ADP
taxlaw-8367	552	56	the	the	DET
taxlaw-8367	552	57	15th	15th	ADJ
taxlaw-8367	552	58	day	day	NOUN
taxlaw-8367	552	59	of	of	ADP
taxlaw-8367	552	60	the	the	DET
taxlaw-8367	552	61	month	month	NOUN
taxlaw-8367	552	62	with	with	ADP
taxlaw-8367	552	63	interest	interest	NOUN
taxlaw-8367	552	64	payments	payment	NOUN
taxlaw-8367	552	65	due	due	ADJ
taxlaw-8367	552	66	monthly	monthly	ADV
taxlaw-8367	552	67	on	on	ADP
taxlaw-8367	552	68	the	the	DET
taxlaw-8367	552	69	15th	15th	NOUN
taxlaw-8367	552	70	of	of	ADP
taxlaw-8367	552	71	each	each	DET
taxlaw-8367	552	72	subsequent	subsequent	ADJ
taxlaw-8367	552	73	month	month	NOUN
taxlaw-8367	552	74	that	that	PRON
taxlaw-8367	552	75	principal	principal	NOUN
taxlaw-8367	552	76	is	be	AUX
taxlaw-8367	552	77	outstanding	outstanding	ADJ
taxlaw-8367	552	78	.	.	PUNCT
taxlaw-8367	553	1	technically	technically	ADV
taxlaw-8367	553	2	a	a	DET
taxlaw-8367	553	3	calendar	calendar	NOUN
taxlaw-8367	553	4	-	-	PUNCT
taxlaw-8367	553	5	year	year	NOUN
taxlaw-8367	553	6	borrower	borrower	NOUN
taxlaw-8367	553	7	has	have	VERB
taxlaw-8367	553	8	16	16	NUM
taxlaw-8367	553	9	days	day	NOUN
taxlaw-8367	553	10	of	of	ADP
taxlaw-8367	553	11	income	income	NOUN
taxlaw-8367	553	12	in	in	ADP
taxlaw-8367	553	13	respect	respect	NOUN
taxlaw-8367	553	14	of	of	ADP
taxlaw-8367	553	15	the	the	DET
taxlaw-8367	553	16	liquidity	liquidity	NOUN
taxlaw-8367	553	17	purchased	purchase	VERB
taxlaw-8367	553	18	for	for	ADP
taxlaw-8367	553	19	the	the	DET
taxlaw-8367	553	20	period	period	NOUN
taxlaw-8367	553	21	from	from	ADP
taxlaw-8367	553	22	dec	dec	PROPN
taxlaw-8367	553	23	.	.	PROPN
taxlaw-8367	553	24	16	16	NUM
taxlaw-8367	553	25	through	through	ADP
taxlaw-8367	553	26	dec	dec	PROPN
taxlaw-8367	553	27	.	.	PROPN
taxlaw-8367	553	28	31	31	NUM
taxlaw-8367	553	29	,	,	PUNCT
taxlaw-8367	553	30	because	because	SCONJ
taxlaw-8367	553	31	payment	payment	NOUN
taxlaw-8367	553	32	therefore	therefore	ADV
taxlaw-8367	553	33	is	be	AUX
taxlaw-8367	553	34	not	not	PART
taxlaw-8367	553	35	made	make	VERB
taxlaw-8367	553	36	until	until	ADP
taxlaw-8367	553	37	jan	jan	PROPN
taxlaw-8367	553	38	.	.	PROPN
taxlaw-8367	553	39	15	15	NUM
taxlaw-8367	553	40	of	of	ADP
taxlaw-8367	553	41	the	the	DET
taxlaw-8367	553	42	next	next	ADJ
taxlaw-8367	553	43	tax	tax	NOUN
taxlaw-8367	553	44	period	period	NOUN
taxlaw-8367	553	45	.	.	PUNCT
taxlaw-8367	554	1	just	just	ADV
taxlaw-8367	554	2	as	as	SCONJ
taxlaw-8367	554	3	the	the	DET
taxlaw-8367	554	4	tax	tax	NOUN
taxlaw-8367	554	5	law	law	NOUN
taxlaw-8367	554	6	disregards	disregard	VERB
taxlaw-8367	554	7	the	the	DET
taxlaw-8367	554	8	analogous	analogous	ADJ
taxlaw-8367	554	9	income	income	NOUN
taxlaw-8367	554	10	in	in	ADP
taxlaw-8367	554	11	the	the	DET
taxlaw-8367	554	12	case	case	NOUN
taxlaw-8367	554	13	of	of	ADP
taxlaw-8367	554	14	a	a	DET
taxlaw-8367	554	15	lease	lease	NOUN
taxlaw-8367	554	16	with	with	ADP
taxlaw-8367	554	17	a	a	DET
taxlaw-8367	554	18	rent	rent	NOUN
taxlaw-8367	554	19	payment	payment	NOUN
taxlaw-8367	554	20	due	due	ADJ
taxlaw-8367	554	21	on	on	ADP
taxlaw-8367	554	22	the	the	DET
taxlaw-8367	554	23	15th	15th	NOUN
taxlaw-8367	554	24	,	,	PUNCT
taxlaw-8367	554	25	it	it	PRON
taxlaw-8367	554	26	makes	make	VERB
taxlaw-8367	554	27	sense	sense	NOUN
taxlaw-8367	554	28	to	to	PART
taxlaw-8367	554	29	disregard	disregard	VERB
taxlaw-8367	554	30	this	this	DET
taxlaw-8367	554	31	timing	timing	NOUN
taxlaw-8367	554	32	benefit	benefit	NOUN
taxlaw-8367	554	33	because	because	SCONJ
taxlaw-8367	554	34	it	it	PRON
taxlaw-8367	554	35	is	be	AUX
taxlaw-8367	554	36	de	de	X
taxlaw-8367	554	37	minimis	minimis	NOUN
taxlaw-8367	554	38	.	.	PUNCT
taxlaw-8367	555	1	107	107	NUM
taxlaw-8367	555	2	for	for	ADP
taxlaw-8367	555	3	a	a	DET
taxlaw-8367	555	4	typical	typical	ADJ
taxlaw-8367	555	5	statement	statement	NOUN
taxlaw-8367	555	6	,	,	PUNCT
taxlaw-8367	555	7	see	see	VERB
taxlaw-8367	555	8	,	,	PUNCT
taxlaw-8367	555	9	e.g.	e.g.	ADV
taxlaw-8367	555	10	,	,	PUNCT
taxlaw-8367	555	11	how	how	SCONJ
taxlaw-8367	555	12	does	do	AUX
taxlaw-8367	555	13	prepaying	prepay	VERB
taxlaw-8367	555	14	your	your	PRON
taxlaw-8367	555	15	mortgage	mortgage	NOUN
taxlaw-8367	555	16	actually	actually	ADV
taxlaw-8367	555	17	work	work	VERB
taxlaw-8367	555	18	?	?	PUNCT
taxlaw-8367	555	19	,	,	PUNCT
taxlaw-8367	555	20	sensible	sensible	ADJ
taxlaw-8367	555	21	fin	fin	NOUN
taxlaw-8367	555	22	.	.	PUNCT
taxlaw-8367	555	23	plan	plan	NOUN
taxlaw-8367	555	24	.	.	PUNCT
taxlaw-8367	556	1	(	(	PUNCT
taxlaw-8367	556	2	apr	apr	PROPN
taxlaw-8367	556	3	.	.	PROPN
taxlaw-8367	556	4	25	25	NUM
taxlaw-8367	556	5	,	,	PUNCT
taxlaw-8367	556	6	2017	2017	NUM
taxlaw-8367	556	7	)	)	PUNCT
taxlaw-8367	556	8	,	,	PUNCT
taxlaw-8367	556	9	https://www.sensiblefinancial.com/prepaying-mortgage-works/	https://www.sensiblefinancial.com/prepaying-mortgage-works/	PROPN
taxlaw-8367	556	10	[	[	X
taxlaw-8367	556	11	https://perma.cc	https://perma.cc	PROPN
taxlaw-8367	556	12	/qbp8	/qbp8	ADJ
taxlaw-8367	556	13	-	-	PUNCT
taxlaw-8367	556	14	pww2	pww2	PROPN
taxlaw-8367	556	15	]	]	PUNCT
taxlaw-8367	556	16	(	(	PUNCT
taxlaw-8367	556	17	“	"	PUNCT
taxlaw-8367	556	18	when	when	SCONJ
taxlaw-8367	556	19	you	you	PRON
taxlaw-8367	556	20	make	make	VERB
taxlaw-8367	556	21	an	an	DET
taxlaw-8367	556	22	extra	extra	ADJ
taxlaw-8367	556	23	payment	payment	NOUN
taxlaw-8367	556	24	on	on	ADP
taxlaw-8367	556	25	your	your	PRON
taxlaw-8367	556	26	mortgage	mortgage	NOUN
taxlaw-8367	556	27	,	,	PUNCT
taxlaw-8367	556	28	that	that	DET
taxlaw-8367	556	29	money	money	NOUN
taxlaw-8367	556	30	goes	go	VERB
taxlaw-8367	556	31	directly	directly	ADV
taxlaw-8367	556	32	toward	toward	ADP
taxlaw-8367	556	33	reducing	reduce	VERB
taxlaw-8367	556	34	the	the	DET
taxlaw-8367	556	35	balance	balance	NOUN
taxlaw-8367	556	36	on	on	ADP
taxlaw-8367	556	37	your	your	PRON
taxlaw-8367	556	38	loan	loan	NOUN
taxlaw-8367	556	39	.	.	PUNCT
taxlaw-8367	557	1	because	because	SCONJ
taxlaw-8367	557	2	of	of	ADP
taxlaw-8367	557	3	how	how	SCONJ
taxlaw-8367	557	4	the	the	DET
taxlaw-8367	557	5	loan	loan	NOUN
taxlaw-8367	557	6	is	be	AUX
taxlaw-8367	557	7	structured	structure	VERB
taxlaw-8367	557	8	,	,	PUNCT
taxlaw-8367	557	9	the	the	DET
taxlaw-8367	557	10	extra	extra	ADJ
taxlaw-8367	557	11	payment	payment	NOUN
taxlaw-8367	557	12	triggers	trigger	VERB
taxlaw-8367	557	13	a	a	DET
taxlaw-8367	557	14	cascade	cascade	NOUN
taxlaw-8367	557	15	effect	effect	NOUN
taxlaw-8367	557	16	that	that	PRON
taxlaw-8367	557	17	speeds	speed	VERB
taxlaw-8367	557	18	up	up	ADP
taxlaw-8367	557	19	the	the	DET
taxlaw-8367	557	20	repayment	repayment	NOUN
taxlaw-8367	557	21	of	of	ADP
taxlaw-8367	557	22	the	the	DET
taxlaw-8367	557	23	loan	loan	NOUN
taxlaw-8367	557	24	.	.	PUNCT
taxlaw-8367	557	25	”	"	PUNCT
taxlaw-8367	557	26	)	)	PUNCT
taxlaw-8367	557	27	.	.	PUNCT
taxlaw-8367	558	1	108	108	NUM
taxlaw-8367	558	2	treas	trea	NOUN
taxlaw-8367	558	3	.	.	PUNCT
taxlaw-8367	559	1	reg	reg	PROPN
taxlaw-8367	559	2	.	.	PUNCT
taxlaw-8367	560	1	§	§	PROPN
taxlaw-8367	560	2	1.451–1(a	1.451–1(a	NUM
taxlaw-8367	560	3	)	)	PUNCT
taxlaw-8367	560	4	.	.	PUNCT
taxlaw-8367	561	1	an	an	DET
taxlaw-8367	561	2	accrual	accrual	ADJ
taxlaw-8367	561	3	-	-	PUNCT
taxlaw-8367	561	4	method	method	NOUN
taxlaw-8367	561	5	taxpayer	taxpayer	NOUN
taxlaw-8367	561	6	generally	generally	ADV
taxlaw-8367	561	7	would	would	AUX
taxlaw-8367	561	8	treat	treat	VERB
taxlaw-8367	561	9	payment	payment	NOUN
taxlaw-8367	561	10	as	as	ADP
taxlaw-8367	561	11	accruing	accrue	VERB
taxlaw-8367	561	12	in	in	ADP
taxlaw-8367	561	13	the	the	DET
taxlaw-8367	561	14	year	year	NOUN
taxlaw-8367	561	15	of	of	ADP
taxlaw-8367	561	16	receipt	receipt	NOUN
taxlaw-8367	561	17	of	of	ADP
taxlaw-8367	561	18	the	the	DET
taxlaw-8367	561	19	loan	loan	NOUN
taxlaw-8367	561	20	proceeds	proceed	NOUN
taxlaw-8367	561	21	under	under	ADP
taxlaw-8367	561	22	the	the	DET
taxlaw-8367	561	23	all	all	DET
taxlaw-8367	561	24	-	-	PUNCT
taxlaw-8367	561	25	events	event	NOUN
taxlaw-8367	561	26	test	test	NOUN
taxlaw-8367	561	27	.	.	PUNCT
taxlaw-8367	562	1	treas	treas	PROPN
taxlaw-8367	562	2	.	.	PUNCT
taxlaw-8367	563	1	reg	reg	PROPN
taxlaw-8367	563	2	.	.	PUNCT
taxlaw-8367	564	1	§	§	PROPN
taxlaw-8367	564	2	1.461–1(a)(2	1.461–1(a)(2	NUM
taxlaw-8367	564	3	)	)	PUNCT
taxlaw-8367	564	4	.	.	PUNCT
taxlaw-8367	565	1	109	109	NUM
taxlaw-8367	565	2	i.r.c	i.r.c	NOUN
taxlaw-8367	565	3	.	.	PUNCT
taxlaw-8367	566	1	§	§	PROPN
taxlaw-8367	566	2	451(b	451(b	PROPN
taxlaw-8367	566	3	)	)	PUNCT
taxlaw-8367	566	4	.	.	PUNCT
taxlaw-8367	567	1	110	110	NUM
taxlaw-8367	567	2	see	see	VERB
taxlaw-8367	567	3	,	,	PUNCT
taxlaw-8367	567	4	e.g.	e.g.	ADV
taxlaw-8367	567	5	,	,	PUNCT
taxlaw-8367	567	6	joseph	joseph	PROPN
taxlaw-8367	567	7	bankman	bankman	PROPN
taxlaw-8367	567	8	&	&	CCONJ
taxlaw-8367	567	9	thomas	thomas	PROPN
taxlaw-8367	567	10	griffith	griffith	PROPN
taxlaw-8367	567	11	,	,	PUNCT
taxlaw-8367	567	12	is	be	AUX
taxlaw-8367	567	13	the	the	DET
taxlaw-8367	567	14	debate	debate	NOUN
taxlaw-8367	567	15	between	between	ADP
taxlaw-8367	567	16	an	an	DET
taxlaw-8367	567	17	income	income	NOUN
taxlaw-8367	567	18	tax	tax	NOUN
taxlaw-8367	567	19	and	and	CCONJ
taxlaw-8367	567	20	a	a	DET
taxlaw-8367	567	21	consumption	consumption	NOUN
taxlaw-8367	567	22	tax	tax	NOUN
taxlaw-8367	567	23	a	a	DET
taxlaw-8367	567	24	debate	debate	NOUN
taxlaw-8367	567	25	about	about	ADP
taxlaw-8367	567	26	risk	risk	NOUN
taxlaw-8367	567	27	?	?	PUNCT
taxlaw-8367	568	1	does	do	AUX
taxlaw-8367	568	2	it	it	PRON
taxlaw-8367	568	3	matter	matter	VERB
taxlaw-8367	568	4	?	?	PUNCT
taxlaw-8367	568	5	,	,	PUNCT
taxlaw-8367	568	6	47	47	NUM
taxlaw-8367	568	7	tax	tax	NOUN
taxlaw-8367	568	8	l.	l.	PROPN
taxlaw-8367	568	9	rev	rev	PROPN
taxlaw-8367	568	10	.	.	PROPN
taxlaw-8367	568	11	377	377	NUM
taxlaw-8367	568	12	,	,	PUNCT
taxlaw-8367	568	13	387	387	NUM
taxlaw-8367	568	14	n.29	n.29	NOUN
taxlaw-8367	568	15	(	(	PUNCT
taxlaw-8367	568	16	1992	1992	NUM
taxlaw-8367	568	17	)	)	PUNCT
taxlaw-8367	568	18	;	;	PUNCT
taxlaw-8367	568	19	alvin	alvin	PROPN
taxlaw-8367	568	20	c.	c.	PROPN
taxlaw-8367	568	21	110	110	NUM
taxlaw-8367	568	22	columbia	columbia	PROPN
taxlaw-8367	568	23	journal	journal	PROPN
taxlaw-8367	568	24	of	of	ADP
taxlaw-8367	568	25	tax	tax	NOUN
taxlaw-8367	568	26	law	law	NOUN
taxlaw-8367	569	1	[	[	X
taxlaw-8367	569	2	vol	vol	NOUN
taxlaw-8367	569	3	.	.	PUNCT
taxlaw-8367	570	1	12:89	12:89	NUM
taxlaw-8367	570	2	analysis	analysis	NOUN
taxlaw-8367	570	3	changes	change	VERB
taxlaw-8367	570	4	somewhat	somewhat	ADV
taxlaw-8367	570	5	because	because	SCONJ
taxlaw-8367	570	6	the	the	DET
taxlaw-8367	570	7	borrower	borrower	NOUN
taxlaw-8367	570	8	’s	’s	PART
taxlaw-8367	570	9	power	power	NOUN
taxlaw-8367	570	10	to	to	PART
taxlaw-8367	570	11	dissipate	dissipate	VERB
taxlaw-8367	570	12	the	the	DET
taxlaw-8367	570	13	lender	lender	NOUN
taxlaw-8367	570	14	’s	’s	PART
taxlaw-8367	570	15	fund	fund	NOUN
taxlaw-8367	570	16	implies	imply	VERB
taxlaw-8367	570	17	that	that	SCONJ
taxlaw-8367	570	18	something	something	PRON
taxlaw-8367	570	19	beyond	beyond	ADP
taxlaw-8367	570	20	mere	mere	ADJ
taxlaw-8367	570	21	liquidity	liquidity	NOUN
taxlaw-8367	570	22	is	be	AUX
taxlaw-8367	570	23	transferred	transfer	VERB
taxlaw-8367	570	24	in	in	ADP
taxlaw-8367	570	25	the	the	DET
taxlaw-8367	570	26	transaction	transaction	NOUN
taxlaw-8367	570	27	.	.	PUNCT
taxlaw-8367	571	1	risky	risky	ADJ
taxlaw-8367	571	2	loans	loan	NOUN
taxlaw-8367	571	3	grant	grant	VERB
taxlaw-8367	571	4	the	the	DET
taxlaw-8367	571	5	borrower	borrower	NOUN
taxlaw-8367	571	6	a	a	DET
taxlaw-8367	571	7	limited	limited	ADJ
taxlaw-8367	571	8	power	power	NOUN
taxlaw-8367	571	9	to	to	PART
taxlaw-8367	571	10	dissipate	dissipate	VERB
taxlaw-8367	571	11	the	the	DET
taxlaw-8367	571	12	fund	fund	NOUN
taxlaw-8367	571	13	because	because	SCONJ
taxlaw-8367	571	14	the	the	DET
taxlaw-8367	571	15	loan	loan	NOUN
taxlaw-8367	571	16	is	be	AUX
taxlaw-8367	571	17	obtained	obtain	VERB
taxlaw-8367	571	18	for	for	ADP
taxlaw-8367	571	19	the	the	DET
taxlaw-8367	571	20	purpose	purpose	NOUN
taxlaw-8367	571	21	of	of	ADP
taxlaw-8367	571	22	spending	spend	VERB
taxlaw-8367	571	23	the	the	DET
taxlaw-8367	571	24	funds	fund	NOUN
taxlaw-8367	571	25	and	and	CCONJ
taxlaw-8367	571	26	there	there	PRON
taxlaw-8367	571	27	can	can	AUX
taxlaw-8367	571	28	be	be	AUX
taxlaw-8367	571	29	no	no	DET
taxlaw-8367	571	30	guarantee	guarantee	NOUN
taxlaw-8367	571	31	that	that	SCONJ
taxlaw-8367	571	32	the	the	DET
taxlaw-8367	571	33	borrower	borrower	NOUN
taxlaw-8367	571	34	’s	’s	PART
taxlaw-8367	571	35	assets	asset	NOUN
taxlaw-8367	571	36	will	will	AUX
taxlaw-8367	571	37	suffice	suffice	VERB
taxlaw-8367	571	38	to	to	PART
taxlaw-8367	571	39	repay	repay	VERB
taxlaw-8367	571	40	at	at	ADP
taxlaw-8367	571	41	the	the	DET
taxlaw-8367	571	42	term	term	NOUN
taxlaw-8367	571	43	.	.	PUNCT
taxlaw-8367	572	1	the	the	DET
taxlaw-8367	572	2	extent	extent	NOUN
taxlaw-8367	572	3	of	of	ADP
taxlaw-8367	572	4	the	the	DET
taxlaw-8367	572	5	grant	grant	NOUN
taxlaw-8367	572	6	differs	differ	NOUN
taxlaw-8367	572	7	,	,	PUNCT
taxlaw-8367	572	8	however	however	ADV
taxlaw-8367	572	9	,	,	PUNCT
taxlaw-8367	572	10	depending	depend	VERB
taxlaw-8367	572	11	on	on	ADP
taxlaw-8367	572	12	the	the	DET
taxlaw-8367	572	13	circumstances	circumstance	NOUN
taxlaw-8367	572	14	of	of	ADP
taxlaw-8367	572	15	the	the	DET
taxlaw-8367	572	16	loan	loan	NOUN
taxlaw-8367	572	17	.	.	PUNCT
taxlaw-8367	573	1	loans	loan	NOUN
taxlaw-8367	573	2	are	be	AUX
taxlaw-8367	573	3	commonly	commonly	ADV
taxlaw-8367	573	4	extended	extend	VERB
taxlaw-8367	573	5	only	only	ADV
taxlaw-8367	573	6	for	for	ADP
taxlaw-8367	573	7	particular	particular	ADJ
taxlaw-8367	573	8	purposes	purpose	NOUN
taxlaw-8367	573	9	,	,	PUNCT
taxlaw-8367	573	10	thereby	thereby	ADV
taxlaw-8367	573	11	providing	provide	VERB
taxlaw-8367	573	12	some	some	DET
taxlaw-8367	573	13	comfort	comfort	NOUN
taxlaw-8367	573	14	that	that	PRON
taxlaw-8367	573	15	the	the	DET
taxlaw-8367	573	16	loan	loan	NOUN
taxlaw-8367	573	17	is	be	AUX
taxlaw-8367	573	18	unlikely	unlikely	ADJ
taxlaw-8367	573	19	to	to	PART
taxlaw-8367	573	20	be	be	AUX
taxlaw-8367	573	21	spent	spend	VERB
taxlaw-8367	573	22	on	on	ADP
taxlaw-8367	573	23	risks	risk	NOUN
taxlaw-8367	573	24	unacceptable	unacceptable	ADJ
taxlaw-8367	573	25	to	to	ADP
taxlaw-8367	573	26	the	the	DET
taxlaw-8367	573	27	lender	lender	NOUN
taxlaw-8367	573	28	.	.	PUNCT
taxlaw-8367	574	1	the	the	DET
taxlaw-8367	574	2	lender	lender	NOUN
taxlaw-8367	574	3	may	may	AUX
taxlaw-8367	574	4	reserve	reserve	VERB
taxlaw-8367	574	5	rights	right	NOUN
taxlaw-8367	574	6	to	to	PART
taxlaw-8367	574	7	monitor	monitor	VERB
taxlaw-8367	574	8	the	the	DET
taxlaw-8367	574	9	borrower	borrower	NOUN
taxlaw-8367	574	10	,	,	PUNCT
taxlaw-8367	574	11	such	such	ADJ
taxlaw-8367	574	12	as	as	ADP
taxlaw-8367	574	13	to	to	PART
taxlaw-8367	574	14	observe	observe	VERB
taxlaw-8367	574	15	and	and	CCONJ
taxlaw-8367	574	16	even	even	ADV
taxlaw-8367	574	17	affect	affect	VERB
taxlaw-8367	574	18	the	the	DET
taxlaw-8367	574	19	borrower	borrower	NOUN
taxlaw-8367	574	20	’s	’s	PART
taxlaw-8367	574	21	decision	decision	NOUN
taxlaw-8367	574	22	making	making	NOUN
taxlaw-8367	574	23	.	.	PUNCT
taxlaw-8367	575	1	a	a	DET
taxlaw-8367	575	2	further	further	ADJ
taxlaw-8367	575	3	circumstance	circumstance	NOUN
taxlaw-8367	575	4	that	that	PRON
taxlaw-8367	575	5	provides	provide	VERB
taxlaw-8367	575	6	some	some	DET
taxlaw-8367	575	7	protection	protection	NOUN
taxlaw-8367	575	8	to	to	ADP
taxlaw-8367	575	9	the	the	DET
taxlaw-8367	575	10	lender	lender	NOUN
taxlaw-8367	575	11	is	be	AUX
taxlaw-8367	575	12	that	that	SCONJ
taxlaw-8367	575	13	under	under	ADP
taxlaw-8367	575	14	a	a	DET
taxlaw-8367	575	15	recourse	recourse	NOUN
taxlaw-8367	575	16	arrangement	arrangement	NOUN
taxlaw-8367	575	17	all	all	PRON
taxlaw-8367	575	18	of	of	ADP
taxlaw-8367	575	19	the	the	DET
taxlaw-8367	575	20	borrower	borrower	NOUN
taxlaw-8367	575	21	’s	’s	PART
taxlaw-8367	575	22	assets	asset	NOUN
taxlaw-8367	575	23	are	be	AUX
taxlaw-8367	575	24	available	available	ADJ
taxlaw-8367	575	25	to	to	PART
taxlaw-8367	575	26	satisfy	satisfy	VERB
taxlaw-8367	575	27	the	the	DET
taxlaw-8367	575	28	debt	debt	NOUN
taxlaw-8367	575	29	(	(	PUNCT
taxlaw-8367	575	30	subject	subject	ADJ
taxlaw-8367	575	31	to	to	ADP
taxlaw-8367	575	32	claims	claim	NOUN
taxlaw-8367	575	33	of	of	ADP
taxlaw-8367	575	34	equal	equal	ADJ
taxlaw-8367	575	35	and	and	CCONJ
taxlaw-8367	575	36	superior	superior	ADJ
taxlaw-8367	575	37	creditors	creditor	NOUN
taxlaw-8367	575	38	)	)	PUNCT
taxlaw-8367	575	39	,	,	PUNCT
taxlaw-8367	575	40	and	and	CCONJ
taxlaw-8367	575	41	under	under	ADP
taxlaw-8367	575	42	many	many	ADJ
taxlaw-8367	575	43	loan	loan	NOUN
taxlaw-8367	575	44	arrangements	arrangement	NOUN
taxlaw-8367	575	45	,	,	PUNCT
taxlaw-8367	575	46	the	the	DET
taxlaw-8367	575	47	lender	lender	NOUN
taxlaw-8367	575	48	takes	take	VERB
taxlaw-8367	575	49	a	a	DET
taxlaw-8367	575	50	security	security	NOUN
taxlaw-8367	575	51	interest	interest	NOUN
taxlaw-8367	575	52	in	in	ADP
taxlaw-8367	575	53	the	the	DET
taxlaw-8367	575	54	borrower	borrower	NOUN
taxlaw-8367	575	55	’s	’s	PART
taxlaw-8367	575	56	property	property	NOUN
taxlaw-8367	575	57	.	.	PUNCT
taxlaw-8367	576	1	of	of	ADP
taxlaw-8367	576	2	course	course	NOUN
taxlaw-8367	576	3	,	,	PUNCT
taxlaw-8367	576	4	the	the	DET
taxlaw-8367	576	5	most	most	ADV
taxlaw-8367	576	6	significant	significant	ADJ
taxlaw-8367	576	7	factor	factor	NOUN
taxlaw-8367	576	8	is	be	AUX
taxlaw-8367	576	9	the	the	DET
taxlaw-8367	576	10	overall	overall	ADJ
taxlaw-8367	576	11	financial	financial	ADJ
taxlaw-8367	576	12	health	health	NOUN
taxlaw-8367	576	13	of	of	ADP
taxlaw-8367	576	14	the	the	DET
taxlaw-8367	576	15	borrower	borrower	NOUN
taxlaw-8367	576	16	.	.	PUNCT
taxlaw-8367	577	1	there	there	PRON
taxlaw-8367	577	2	are	be	VERB
taxlaw-8367	577	3	two	two	NUM
taxlaw-8367	577	4	ways	way	NOUN
taxlaw-8367	577	5	in	in	ADP
taxlaw-8367	577	6	which	which	PRON
taxlaw-8367	577	7	these	these	DET
taxlaw-8367	577	8	circumstances	circumstance	NOUN
taxlaw-8367	577	9	might	might	AUX
taxlaw-8367	577	10	be	be	AUX
taxlaw-8367	577	11	enlisted	enlist	VERB
taxlaw-8367	577	12	to	to	PART
taxlaw-8367	577	13	support	support	VERB
taxlaw-8367	577	14	the	the	DET
taxlaw-8367	577	15	idea	idea	NOUN
taxlaw-8367	577	16	that	that	SCONJ
taxlaw-8367	577	17	part	part	NOUN
taxlaw-8367	577	18	of	of	ADP
taxlaw-8367	577	19	the	the	DET
taxlaw-8367	577	20	bargain	bargain	NOUN
taxlaw-8367	577	21	consists	consist	VERB
taxlaw-8367	577	22	of	of	ADP
taxlaw-8367	577	23	a	a	DET
taxlaw-8367	577	24	taxable	taxable	ADJ
taxlaw-8367	577	25	exchange	exchange	NOUN
taxlaw-8367	577	26	:	:	PUNCT
taxlaw-8367	577	27	viewing	view	VERB
taxlaw-8367	577	28	risk	risk	NOUN
taxlaw-8367	577	29	of	of	ADP
taxlaw-8367	577	30	loss	loss	NOUN
taxlaw-8367	577	31	as	as	ADP
taxlaw-8367	577	32	evidence	evidence	NOUN
taxlaw-8367	577	33	of	of	ADP
taxlaw-8367	577	34	a	a	DET
taxlaw-8367	577	35	fee	fee	NOUN
taxlaw-8367	577	36	transfer	transfer	NOUN
taxlaw-8367	577	37	coupled	couple	VERB
taxlaw-8367	577	38	with	with	ADP
taxlaw-8367	577	39	a	a	DET
taxlaw-8367	577	40	promise	promise	NOUN
taxlaw-8367	577	41	to	to	PART
taxlaw-8367	577	42	repay	repay	VERB
taxlaw-8367	577	43	;	;	PUNCT
taxlaw-8367	577	44	and	and	CCONJ
taxlaw-8367	577	45	viewing	view	VERB
taxlaw-8367	577	46	the	the	DET
taxlaw-8367	577	47	possibility	possibility	NOUN
taxlaw-8367	577	48	that	that	SCONJ
taxlaw-8367	577	49	consideration	consideration	NOUN
taxlaw-8367	577	50	provided	provide	VERB
taxlaw-8367	577	51	to	to	ADP
taxlaw-8367	577	52	the	the	DET
taxlaw-8367	577	53	lender	lender	NOUN
taxlaw-8367	577	54	in	in	ADP
taxlaw-8367	577	55	exchange	exchange	NOUN
taxlaw-8367	577	56	for	for	ADP
taxlaw-8367	577	57	its	its	PRON
taxlaw-8367	577	58	assumption	assumption	NOUN
taxlaw-8367	577	59	of	of	ADP
taxlaw-8367	577	60	risk	risk	NOUN
taxlaw-8367	577	61	might	might	AUX
taxlaw-8367	577	62	generate	generate	VERB
taxlaw-8367	577	63	taxable	taxable	ADJ
taxlaw-8367	577	64	gain	gain	NOUN
taxlaw-8367	577	65	or	or	CCONJ
taxlaw-8367	577	66	loss	loss	NOUN
taxlaw-8367	577	67	to	to	ADP
taxlaw-8367	577	68	the	the	DET
taxlaw-8367	577	69	borrower	borrower	NOUN
taxlaw-8367	577	70	.	.	PUNCT
taxlaw-8367	578	1	for	for	ADP
taxlaw-8367	578	2	reasons	reason	NOUN
taxlaw-8367	578	3	developed	develop	VERB
taxlaw-8367	578	4	below	below	ADV
taxlaw-8367	578	5	,	,	PUNCT
taxlaw-8367	578	6	neither	neither	PRON
taxlaw-8367	578	7	of	of	ADP
taxlaw-8367	578	8	these	these	DET
taxlaw-8367	578	9	theories	theory	NOUN
taxlaw-8367	578	10	is	be	AUX
taxlaw-8367	578	11	correct	correct	ADJ
taxlaw-8367	578	12	.	.	PUNCT
taxlaw-8367	579	1	1	1	X
taxlaw-8367	579	2	.	.	X
taxlaw-8367	579	3	considering	consider	VERB
taxlaw-8367	579	4	the	the	DET
taxlaw-8367	579	5	risk	risk	NOUN
taxlaw-8367	579	6	of	of	ADP
taxlaw-8367	579	7	loss	loss	NOUN
taxlaw-8367	579	8	as	as	ADP
taxlaw-8367	579	9	a	a	DET
taxlaw-8367	579	10	partial	partial	ADJ
taxlaw-8367	579	11	receipt	receipt	NOUN
taxlaw-8367	579	12	of	of	ADP
taxlaw-8367	579	13	the	the	DET
taxlaw-8367	579	14	fee	fee	NOUN
taxlaw-8367	579	15	it	it	PRON
taxlaw-8367	579	16	may	may	AUX
taxlaw-8367	579	17	appear	appear	VERB
taxlaw-8367	579	18	that	that	SCONJ
taxlaw-8367	579	19	the	the	DET
taxlaw-8367	579	20	borrower	borrower	NOUN
taxlaw-8367	579	21	’s	’s	PART
taxlaw-8367	579	22	power	power	NOUN
taxlaw-8367	579	23	to	to	PART
taxlaw-8367	579	24	dissipate	dissipate	VERB
taxlaw-8367	579	25	the	the	DET
taxlaw-8367	579	26	loan	loan	NOUN
taxlaw-8367	579	27	proceeds	proceed	NOUN
taxlaw-8367	579	28	represents	represent	VERB
taxlaw-8367	579	29	a	a	DET
taxlaw-8367	579	30	transfer	transfer	NOUN
taxlaw-8367	579	31	of	of	ADP
taxlaw-8367	579	32	more	more	ADJ
taxlaw-8367	579	33	than	than	ADP
taxlaw-8367	579	34	mere	mere	ADJ
taxlaw-8367	579	35	use	use	NOUN
taxlaw-8367	579	36	during	during	ADP
taxlaw-8367	579	37	the	the	DET
taxlaw-8367	579	38	loan	loan	NOUN
taxlaw-8367	579	39	term	term	NOUN
taxlaw-8367	579	40	,	,	PUNCT
taxlaw-8367	579	41	consistent	consistent	ADJ
taxlaw-8367	579	42	with	with	ADP
taxlaw-8367	579	43	the	the	DET
taxlaw-8367	579	44	idea	idea	NOUN
taxlaw-8367	579	45	that	that	SCONJ
taxlaw-8367	579	46	there	there	PRON
taxlaw-8367	579	47	is	be	VERB
taxlaw-8367	579	48	a	a	DET
taxlaw-8367	579	49	transfer	transfer	NOUN
taxlaw-8367	579	50	of	of	ADP
taxlaw-8367	579	51	at	at	ADV
taxlaw-8367	579	52	least	least	ADJ
taxlaw-8367	579	53	part	part	NOUN
taxlaw-8367	579	54	of	of	ADP
taxlaw-8367	579	55	the	the	DET
taxlaw-8367	579	56	fee	fee	NOUN
taxlaw-8367	579	57	interest	interest	NOUN
taxlaw-8367	579	58	in	in	ADP
taxlaw-8367	579	59	the	the	DET
taxlaw-8367	579	60	cash	cash	NOUN
taxlaw-8367	579	61	when	when	SCONJ
taxlaw-8367	579	62	the	the	DET
taxlaw-8367	579	63	loan	loan	NOUN
taxlaw-8367	579	64	is	be	AUX
taxlaw-8367	579	65	extended	extend	VERB
taxlaw-8367	579	66	and	and	CCONJ
taxlaw-8367	579	67	a	a	DET
taxlaw-8367	579	68	transfer	transfer	NOUN
taxlaw-8367	579	69	of	of	ADP
taxlaw-8367	579	70	it	it	PRON
taxlaw-8367	579	71	back	back	ADV
taxlaw-8367	579	72	if	if	SCONJ
taxlaw-8367	579	73	and	and	CCONJ
taxlaw-8367	579	74	when	when	SCONJ
taxlaw-8367	579	75	the	the	DET
taxlaw-8367	579	76	borrower	borrower	NOUN
taxlaw-8367	579	77	repays	repay	VERB
taxlaw-8367	579	78	.	.	PUNCT
taxlaw-8367	580	1	if	if	SCONJ
taxlaw-8367	580	2	the	the	DET
taxlaw-8367	580	3	borrower	borrower	NOUN
taxlaw-8367	580	4	is	be	AUX
taxlaw-8367	580	5	capable	capable	ADJ
taxlaw-8367	580	6	of	of	ADP
taxlaw-8367	580	7	dissipating	dissipate	VERB
taxlaw-8367	580	8	the	the	DET
taxlaw-8367	580	9	loan	loan	NOUN
taxlaw-8367	580	10	,	,	PUNCT
taxlaw-8367	580	11	does	do	AUX
taxlaw-8367	580	12	n’t	not	PART
taxlaw-8367	580	13	that	that	PRON
taxlaw-8367	580	14	mean	mean	VERB
taxlaw-8367	580	15	that	that	SCONJ
taxlaw-8367	580	16	she	she	PRON
taxlaw-8367	580	17	received	receive	VERB
taxlaw-8367	580	18	the	the	DET
taxlaw-8367	580	19	proceeds	proceed	NOUN
taxlaw-8367	580	20	in	in	ADP
taxlaw-8367	580	21	fee	fee	NOUN
taxlaw-8367	580	22	?	?	PUNCT
taxlaw-8367	581	1	two	two	NUM
taxlaw-8367	581	2	features	feature	NOUN
taxlaw-8367	581	3	of	of	ADP
taxlaw-8367	581	4	the	the	DET
taxlaw-8367	581	5	arrangement	arrangement	NOUN
taxlaw-8367	581	6	explain	explain	VERB
taxlaw-8367	581	7	why	why	SCONJ
taxlaw-8367	581	8	this	this	DET
taxlaw-8367	581	9	conclusion	conclusion	NOUN
taxlaw-8367	581	10	is	be	AUX
taxlaw-8367	581	11	incorrect	incorrect	ADJ
taxlaw-8367	581	12	.	.	PUNCT
taxlaw-8367	582	1	the	the	DET
taxlaw-8367	582	2	first	first	ADJ
taxlaw-8367	582	3	is	be	AUX
taxlaw-8367	582	4	that	that	SCONJ
taxlaw-8367	582	5	the	the	DET
taxlaw-8367	582	6	legal	legal	ADJ
taxlaw-8367	582	7	relation	relation	NOUN
taxlaw-8367	582	8	that	that	PRON
taxlaw-8367	582	9	the	the	DET
taxlaw-8367	582	10	loan	loan	NOUN
taxlaw-8367	582	11	establishes	establish	VERB
taxlaw-8367	582	12	with	with	ADP
taxlaw-8367	582	13	respect	respect	NOUN
taxlaw-8367	582	14	to	to	ADP
taxlaw-8367	582	15	the	the	DET
taxlaw-8367	582	16	remainder	remainder	NOUN
taxlaw-8367	582	17	falls	fall	VERB
taxlaw-8367	582	18	far	far	ADV
taxlaw-8367	582	19	short	short	ADV
taxlaw-8367	582	20	of	of	ADP
taxlaw-8367	582	21	a	a	DET
taxlaw-8367	582	22	right	right	NOUN
taxlaw-8367	582	23	to	to	ADP
taxlaw-8367	582	24	the	the	DET
taxlaw-8367	582	25	loan	loan	NOUN
taxlaw-8367	582	26	proceeds	proceed	NOUN
taxlaw-8367	582	27	beyond	beyond	ADP
taxlaw-8367	582	28	the	the	DET
taxlaw-8367	582	29	term	term	NOUN
taxlaw-8367	582	30	and	and	CCONJ
taxlaw-8367	582	31	,	,	PUNCT
taxlaw-8367	582	32	therefore	therefore	ADV
taxlaw-8367	582	33	of	of	ADP
taxlaw-8367	582	34	an	an	DET
taxlaw-8367	582	35	obligation	obligation	NOUN
taxlaw-8367	582	36	to	to	PART
taxlaw-8367	582	37	return	return	VERB
taxlaw-8367	582	38	them	they	PRON
taxlaw-8367	582	39	at	at	ADP
taxlaw-8367	582	40	the	the	DET
taxlaw-8367	582	41	end	end	NOUN
taxlaw-8367	582	42	of	of	ADP
taxlaw-8367	582	43	the	the	DET
taxlaw-8367	582	44	term	term	NOUN
taxlaw-8367	582	45	.	.	PUNCT
taxlaw-8367	583	1	rather	rather	ADV
taxlaw-8367	583	2	,	,	PUNCT
taxlaw-8367	583	3	the	the	DET
taxlaw-8367	583	4	borrower	borrower	NOUN
taxlaw-8367	583	5	might	might	AUX
taxlaw-8367	583	6	be	be	AUX
taxlaw-8367	583	7	considered	consider	VERB
taxlaw-8367	583	8	,	,	PUNCT
taxlaw-8367	583	9	to	to	PART
taxlaw-8367	583	10	use	use	VERB
taxlaw-8367	583	11	the	the	DET
taxlaw-8367	583	12	language	language	NOUN
taxlaw-8367	583	13	of	of	ADP
taxlaw-8367	583	14	hohfeld	hohfeld	NOUN
taxlaw-8367	583	15	,	,	PUNCT
taxlaw-8367	583	16	to	to	PART
taxlaw-8367	583	17	have	have	AUX
taxlaw-8367	583	18	acquired	acquire	VERB
taxlaw-8367	583	19	a	a	DET
taxlaw-8367	583	20	“	"	PUNCT
taxlaw-8367	583	21	privilege	privilege	NOUN
taxlaw-8367	583	22	”	"	PUNCT
taxlaw-8367	583	23	vis	vis	X
taxlaw-8367	583	24	-	-	PUNCT
taxlaw-8367	583	25	à	à	X
taxlaw-8367	583	26	-	-	PUNCT
taxlaw-8367	583	27	vis	vis	X
taxlaw-8367	583	28	the	the	DET
taxlaw-8367	583	29	lender	lender	NOUN
taxlaw-8367	583	30	during	during	ADP
taxlaw-8367	583	31	the	the	DET
taxlaw-8367	583	32	loan	loan	NOUN
taxlaw-8367	583	33	term	term	NOUN
taxlaw-8367	583	34	,	,	PUNCT
taxlaw-8367	583	35	who	who	PRON
taxlaw-8367	583	36	correspondingly	correspondingly	ADV
taxlaw-8367	583	37	has	have	VERB
taxlaw-8367	583	38	a	a	DET
taxlaw-8367	583	39	hohfeldian	hohfeldian	ADJ
taxlaw-8367	583	40	“	"	PUNCT
taxlaw-8367	583	41	no	no	ADV
taxlaw-8367	583	42	right	right	NOUN
taxlaw-8367	583	43	.	.	PUNCT
taxlaw-8367	583	44	”111	”111	PUNCT
taxlaw-8367	584	1	the	the	DET
taxlaw-8367	584	2	privilege	privilege	NOUN
taxlaw-8367	584	3	is	be	AUX
taxlaw-8367	584	4	the	the	DET
taxlaw-8367	584	5	capacity	capacity	NOUN
taxlaw-8367	584	6	to	to	PART
taxlaw-8367	584	7	spend	spend	VERB
taxlaw-8367	584	8	the	the	DET
taxlaw-8367	584	9	funds	fund	NOUN
taxlaw-8367	584	10	(	(	PUNCT
taxlaw-8367	584	11	as	as	ADV
taxlaw-8367	584	12	well	well	ADV
taxlaw-8367	584	13	as	as	ADP
taxlaw-8367	584	14	other	other	ADJ
taxlaw-8367	584	15	assets	asset	NOUN
taxlaw-8367	584	16	that	that	PRON
taxlaw-8367	584	17	the	the	DET
taxlaw-8367	584	18	borrower	borrower	NOUN
taxlaw-8367	584	19	owns	own	VERB
taxlaw-8367	584	20	)	)	PUNCT
taxlaw-8367	584	21	in	in	ADP
taxlaw-8367	584	22	ways	way	NOUN
taxlaw-8367	584	23	that	that	PRON
taxlaw-8367	584	24	may	may	AUX
taxlaw-8367	584	25	make	make	VERB
taxlaw-8367	584	26	the	the	DET
taxlaw-8367	584	27	borrower	borrower	NOUN
taxlaw-8367	584	28	unable	unable	ADJ
taxlaw-8367	584	29	to	to	PART
taxlaw-8367	584	30	repay	repay	VERB
taxlaw-8367	584	31	at	at	ADP
taxlaw-8367	584	32	the	the	DET
taxlaw-8367	584	33	term	term	NOUN
taxlaw-8367	584	34	,	,	PUNCT
taxlaw-8367	584	35	matched	match	VERB
taxlaw-8367	584	36	by	by	ADP
taxlaw-8367	584	37	the	the	DET
taxlaw-8367	584	38	lender	lender	NOUN
taxlaw-8367	584	39	’s	’s	PART
taxlaw-8367	584	40	lack	lack	NOUN
taxlaw-8367	584	41	of	of	ADP
taxlaw-8367	584	42	a	a	DET
taxlaw-8367	584	43	right	right	NOUN
taxlaw-8367	584	44	to	to	PART
taxlaw-8367	584	45	prevent	prevent	VERB
taxlaw-8367	584	46	the	the	DET
taxlaw-8367	584	47	spending	spending	NOUN
taxlaw-8367	584	48	.	.	PUNCT
taxlaw-8367	585	1	possession	possession	NOUN
taxlaw-8367	585	2	of	of	ADP
taxlaw-8367	585	3	the	the	DET
taxlaw-8367	585	4	privilege	privilege	NOUN
taxlaw-8367	585	5	,	,	PUNCT
taxlaw-8367	585	6	of	of	ADP
taxlaw-8367	585	7	course	course	NOUN
taxlaw-8367	585	8	,	,	PUNCT
taxlaw-8367	585	9	does	do	AUX
taxlaw-8367	585	10	not	not	PART
taxlaw-8367	585	11	discharge	discharge	VERB
taxlaw-8367	585	12	the	the	DET
taxlaw-8367	585	13	borrower	borrower	NOUN
taxlaw-8367	585	14	of	of	ADP
taxlaw-8367	585	15	the	the	DET
taxlaw-8367	585	16	obligation	obligation	NOUN
taxlaw-8367	585	17	to	to	PART
taxlaw-8367	585	18	repay	repay	VERB
taxlaw-8367	585	19	—	—	PUNCT
taxlaw-8367	585	20	the	the	DET
taxlaw-8367	585	21	lender	lender	NOUN
taxlaw-8367	585	22	still	still	ADV
taxlaw-8367	585	23	has	have	VERB
taxlaw-8367	585	24	a	a	DET
taxlaw-8367	585	25	right	right	NOUN
taxlaw-8367	585	26	to	to	PART
taxlaw-8367	585	27	be	be	AUX
taxlaw-8367	585	28	repaid	repay	VERB
taxlaw-8367	585	29	—	—	PUNCT
taxlaw-8367	585	30	but	but	CCONJ
taxlaw-8367	585	31	it	it	PRON
taxlaw-8367	585	32	does	do	AUX
taxlaw-8367	585	33	have	have	VERB
taxlaw-8367	585	34	the	the	DET
taxlaw-8367	585	35	capacity	capacity	NOUN
taxlaw-8367	585	36	to	to	PART
taxlaw-8367	585	37	alter	alter	VERB
taxlaw-8367	585	38	the	the	DET
taxlaw-8367	585	39	lender	lender	NOUN
taxlaw-8367	585	40	’s	’s	PART
taxlaw-8367	585	41	legal	legal	ADJ
taxlaw-8367	585	42	claims	claim	NOUN
taxlaw-8367	585	43	with	with	ADP
taxlaw-8367	585	44	respect	respect	NOUN
taxlaw-8367	585	45	to	to	ADP
taxlaw-8367	585	46	the	the	DET
taxlaw-8367	585	47	funds	fund	NOUN
taxlaw-8367	585	48	after	after	ADP
taxlaw-8367	585	49	the	the	DET
taxlaw-8367	585	50	earlier	early	ADJ
taxlaw-8367	585	51	of	of	ADP
taxlaw-8367	585	52	the	the	DET
taxlaw-8367	585	53	term	term	NOUN
taxlaw-8367	585	54	or	or	CCONJ
taxlaw-8367	585	55	when	when	SCONJ
taxlaw-8367	585	56	interest	interest	NOUN
taxlaw-8367	585	57	that	that	PRON
taxlaw-8367	585	58	is	be	AUX
taxlaw-8367	585	59	due	due	ADJ
taxlaw-8367	585	60	goes	go	VERB
taxlaw-8367	585	61	unpaid	unpaid	VERB
taxlaw-8367	585	62	.	.	PUNCT
taxlaw-8367	586	1	generally	generally	ADV
taxlaw-8367	586	2	speaking	speak	VERB
taxlaw-8367	586	3	,	,	PUNCT
taxlaw-8367	586	4	if	if	SCONJ
taxlaw-8367	586	5	the	the	DET
taxlaw-8367	586	6	borrower	borrower	NOUN
taxlaw-8367	586	7	is	be	AUX
taxlaw-8367	586	8	unable	unable	ADJ
taxlaw-8367	586	9	to	to	PART
taxlaw-8367	586	10	repay	repay	VERB
taxlaw-8367	586	11	,	,	PUNCT
taxlaw-8367	586	12	the	the	DET
taxlaw-8367	586	13	usual	usual	ADJ
taxlaw-8367	586	14	remedy	remedy	NOUN
taxlaw-8367	586	15	is	be	AUX
taxlaw-8367	586	16	discharge	discharge	NOUN
taxlaw-8367	586	17	in	in	ADP
taxlaw-8367	586	18	bankruptcy	bankruptcy	NOUN
taxlaw-8367	586	19	,	,	PUNCT
taxlaw-8367	586	20	which	which	PRON
taxlaw-8367	586	21	effectively	effectively	ADV
taxlaw-8367	586	22	defeats	defeat	VERB
taxlaw-8367	586	23	the	the	DET
taxlaw-8367	586	24	lender	lender	NOUN
taxlaw-8367	586	25	’s	’s	PART
taxlaw-8367	586	26	repayment	repayment	NOUN
taxlaw-8367	586	27	right	right	ADV
taxlaw-8367	586	28	in	in	ADP
taxlaw-8367	586	29	whole	whole	ADJ
taxlaw-8367	586	30	or	or	CCONJ
taxlaw-8367	586	31	part.112	part.112	NOUN
taxlaw-8367	586	32	remaining	remain	VERB
taxlaw-8367	586	33	with	with	ADP
taxlaw-8367	586	34	the	the	DET
taxlaw-8367	586	35	language	language	NOUN
taxlaw-8367	586	36	of	of	ADP
taxlaw-8367	586	37	hohfeld	hohfeld	NOUN
taxlaw-8367	586	38	,	,	PUNCT
taxlaw-8367	586	39	a	a	DET
taxlaw-8367	586	40	bankruptcy	bankruptcy	NOUN
taxlaw-8367	586	41	discharge	discharge	NOUN
taxlaw-8367	586	42	warren	warren	PROPN
taxlaw-8367	586	43	,	,	PUNCT
taxlaw-8367	586	44	jr	jr	PROPN
taxlaw-8367	586	45	.	.	PROPN
taxlaw-8367	586	46	,	,	PUNCT
taxlaw-8367	586	47	how	how	SCONJ
taxlaw-8367	586	48	much	much	ADJ
taxlaw-8367	586	49	capital	capital	NOUN
taxlaw-8367	586	50	income	income	NOUN
taxlaw-8367	586	51	taxed	tax	VERB
taxlaw-8367	586	52	under	under	ADP
taxlaw-8367	586	53	an	an	DET
taxlaw-8367	586	54	income	income	NOUN
taxlaw-8367	586	55	tax	tax	NOUN
taxlaw-8367	586	56	is	be	AUX
taxlaw-8367	586	57	exempt	exempt	ADJ
taxlaw-8367	586	58	under	under	ADP
taxlaw-8367	586	59	a	a	DET
taxlaw-8367	586	60	cash	cash	NOUN
taxlaw-8367	586	61	flow	flow	NOUN
taxlaw-8367	586	62	tax	tax	NOUN
taxlaw-8367	586	63	?	?	PUNCT
taxlaw-8367	586	64	,	,	PUNCT
taxlaw-8367	586	65	52	52	NUM
taxlaw-8367	586	66	tax	tax	NOUN
taxlaw-8367	586	67	l.	l.	PROPN
taxlaw-8367	586	68	rev	rev	PROPN
taxlaw-8367	586	69	.	.	PROPN
taxlaw-8367	586	70	1	1	NUM
taxlaw-8367	586	71	,	,	PUNCT
taxlaw-8367	586	72	14	14	NUM
taxlaw-8367	586	73	(	(	PUNCT
taxlaw-8367	586	74	1996	1996	NUM
taxlaw-8367	586	75	)	)	PUNCT
taxlaw-8367	586	76	.	.	PUNCT
taxlaw-8367	587	1	111	111	NUM
taxlaw-8367	587	2	for	for	ADP
taxlaw-8367	587	3	hohfeld	hohfeld	ADJ
taxlaw-8367	587	4	,	,	PUNCT
taxlaw-8367	587	5	a	a	DET
taxlaw-8367	587	6	’s	’s	ADJ
taxlaw-8367	587	7	privilege	privilege	NOUN
taxlaw-8367	587	8	to	to	ADP
taxlaw-8367	587	9	x	x	VERB
taxlaw-8367	587	10	is	be	AUX
taxlaw-8367	587	11	a	a	DET
taxlaw-8367	587	12	’s	’s	ADJ
taxlaw-8367	587	13	capacity	capacity	NOUN
taxlaw-8367	587	14	to	to	PART
taxlaw-8367	587	15	do	do	AUX
taxlaw-8367	587	16	x	x	PUNCT
taxlaw-8367	587	17	without	without	ADP
taxlaw-8367	587	18	interference	interference	NOUN
taxlaw-8367	587	19	from	from	ADP
taxlaw-8367	587	20	b	b	PROPN
taxlaw-8367	587	21	,	,	PUNCT
taxlaw-8367	587	22	who	who	PRON
taxlaw-8367	587	23	correspondingly	correspondingly	ADV
taxlaw-8367	587	24	enjoys	enjoy	VERB
taxlaw-8367	587	25	a	a	DET
taxlaw-8367	587	26	“	"	PUNCT
taxlaw-8367	587	27	no	no	ADV
taxlaw-8367	587	28	right	right	NOUN
taxlaw-8367	587	29	.	.	PUNCT
taxlaw-8367	587	30	”	"	PUNCT
taxlaw-8367	588	1	hohfeld	hohfeld	PROPN
taxlaw-8367	588	2	,	,	PUNCT
taxlaw-8367	588	3	supra	supra	PROPN
taxlaw-8367	588	4	note	note	PROPN
taxlaw-8367	588	5	17	17	NUM
taxlaw-8367	588	6	,	,	PUNCT
taxlaw-8367	588	7	at	at	ADP
taxlaw-8367	588	8	16	16	NUM
taxlaw-8367	588	9	.	.	PUNCT
taxlaw-8367	589	1	112	112	NUM
taxlaw-8367	589	2	see	see	NOUN
taxlaw-8367	589	3	,	,	PUNCT
taxlaw-8367	589	4	e.g.	e.g.	ADV
taxlaw-8367	589	5	,	,	PUNCT
taxlaw-8367	589	6	discharge	discharge	VERB
taxlaw-8367	589	7	in	in	ADP
taxlaw-8367	589	8	bankruptcy	bankruptcy	NOUN
taxlaw-8367	589	9	–	–	PUNCT
taxlaw-8367	589	10	bankruptcy	bankruptcy	NOUN
taxlaw-8367	589	11	basics	basic	NOUN
taxlaw-8367	589	12	,	,	PUNCT
taxlaw-8367	589	13	u.s	u.s	PROPN
taxlaw-8367	589	14	.	.	PROPN
taxlaw-8367	589	15	courts	court	NOUN
taxlaw-8367	589	16	,	,	PUNCT
taxlaw-8367	589	17	https://	https://	PROPN
taxlaw-8367	589	18	www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/discharge-bankruptcy-bankruptcy-basics	www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/discharge-bankruptcy-bankruptcy-basics	PROPN
taxlaw-8367	590	1	[	[	X
taxlaw-8367	590	2	https://perma.cc/v8ut-w846	https://perma.cc/v8ut-w846	X
taxlaw-8367	590	3	]	]	X
taxlaw-8367	590	4	(	(	PUNCT
taxlaw-8367	590	5	last	last	ADV
taxlaw-8367	590	6	visited	visit	VERB
taxlaw-8367	590	7	mar	mar	PROPN
taxlaw-8367	590	8	.	.	PROPN
taxlaw-8367	590	9	21	21	NUM
taxlaw-8367	590	10	,	,	PUNCT
taxlaw-8367	590	11	2021	2021	NUM
taxlaw-8367	590	12	)	)	PUNCT
taxlaw-8367	590	13	(	(	PUNCT
taxlaw-8367	590	14	“	"	PUNCT
taxlaw-8367	590	15	a	a	DET
taxlaw-8367	590	16	bankruptcy	bankruptcy	NOUN
taxlaw-8367	590	17	discharge	discharge	NOUN
taxlaw-8367	590	18	releases	release	VERB
taxlaw-8367	590	19	the	the	DET
taxlaw-8367	590	20	debtor	debtor	NOUN
taxlaw-8367	590	21	from	from	ADP
taxlaw-8367	590	22	2021	2021	NUM
taxlaw-8367	590	23	]	]	PUNCT
taxlaw-8367	590	24	debt	debt	NOUN
taxlaw-8367	590	25	and	and	CCONJ
taxlaw-8367	590	26	taxes	taxis	NOUN
taxlaw-8367	590	27	111	111	NUM
taxlaw-8367	590	28	reflects	reflect	VERB
taxlaw-8367	590	29	the	the	DET
taxlaw-8367	590	30	exercise	exercise	NOUN
taxlaw-8367	590	31	of	of	ADP
taxlaw-8367	590	32	a	a	DET
taxlaw-8367	590	33	power	power	NOUN
taxlaw-8367	590	34	in	in	ADP
taxlaw-8367	590	35	the	the	DET
taxlaw-8367	590	36	borrower	borrower	NOUN
taxlaw-8367	590	37	,	,	PUNCT
taxlaw-8367	590	38	corresponding	correspond	VERB
taxlaw-8367	590	39	to	to	ADP
taxlaw-8367	590	40	a	a	DET
taxlaw-8367	590	41	liability	liability	NOUN
taxlaw-8367	590	42	in	in	ADP
taxlaw-8367	590	43	the	the	DET
taxlaw-8367	590	44	lender	lender	NOUN
taxlaw-8367	590	45	.	.	PUNCT
taxlaw-8367	591	1	generally	generally	ADV
taxlaw-8367	591	2	speaking	speak	VERB
taxlaw-8367	591	3	,	,	PUNCT
taxlaw-8367	591	4	a	a	DET
taxlaw-8367	591	5	party	party	NOUN
taxlaw-8367	591	6	has	have	VERB
taxlaw-8367	591	7	a	a	DET
taxlaw-8367	591	8	power	power	NOUN
taxlaw-8367	591	9	when	when	SCONJ
taxlaw-8367	591	10	she	she	PRON
taxlaw-8367	591	11	can	can	AUX
taxlaw-8367	591	12	alter	alter	VERB
taxlaw-8367	591	13	another	another	DET
taxlaw-8367	591	14	party	party	NOUN
taxlaw-8367	591	15	’s	’s	PART
taxlaw-8367	591	16	legal	legal	ADJ
taxlaw-8367	591	17	entitlement	entitlement	NOUN
taxlaw-8367	591	18	with	with	ADP
taxlaw-8367	591	19	respect	respect	NOUN
taxlaw-8367	591	20	to	to	ADP
taxlaw-8367	591	21	some	some	DET
taxlaw-8367	591	22	thing	thing	NOUN
taxlaw-8367	591	23	,	,	PUNCT
taxlaw-8367	591	24	and	and	CCONJ
taxlaw-8367	591	25	a	a	DET
taxlaw-8367	591	26	party	party	NOUN
taxlaw-8367	591	27	that	that	PRON
taxlaw-8367	591	28	is	be	AUX
taxlaw-8367	591	29	under	under	ADP
taxlaw-8367	591	30	a	a	DET
taxlaw-8367	591	31	liability	liability	NOUN
taxlaw-8367	591	32	is	be	AUX
taxlaw-8367	591	33	powerless	powerless	ADJ
taxlaw-8367	591	34	to	to	PART
taxlaw-8367	591	35	control	control	VERB
taxlaw-8367	591	36	that	that	DET
taxlaw-8367	591	37	alteration	alteration	NOUN
taxlaw-8367	591	38	whether	whether	SCONJ
taxlaw-8367	591	39	she	she	PRON
taxlaw-8367	591	40	approves	approve	VERB
taxlaw-8367	591	41	or	or	CCONJ
taxlaw-8367	591	42	not.113	not.113	ADJ
taxlaw-8367	591	43	although	although	SCONJ
taxlaw-8367	591	44	the	the	DET
taxlaw-8367	591	45	borrower	borrower	NOUN
taxlaw-8367	591	46	has	have	VERB
taxlaw-8367	591	47	no	no	DET
taxlaw-8367	591	48	right	right	NOUN
taxlaw-8367	591	49	to	to	PART
taxlaw-8367	591	50	refrain	refrain	VERB
taxlaw-8367	591	51	from	from	ADP
taxlaw-8367	591	52	repayment	repayment	NOUN
taxlaw-8367	591	53	,	,	PUNCT
taxlaw-8367	591	54	as	as	ADP
taxlaw-8367	591	55	a	a	DET
taxlaw-8367	591	56	practical	practical	ADJ
taxlaw-8367	591	57	matter	matter	NOUN
taxlaw-8367	591	58	she	she	PRON
taxlaw-8367	591	59	can	can	AUX
taxlaw-8367	591	60	end	end	VERB
taxlaw-8367	591	61	up	up	ADP
taxlaw-8367	591	62	creating	create	VERB
taxlaw-8367	591	63	that	that	DET
taxlaw-8367	591	64	right	right	ADJ
taxlaw-8367	591	65	in	in	ADP
taxlaw-8367	591	66	herself	herself	PRON
taxlaw-8367	591	67	by	by	ADP
taxlaw-8367	591	68	failing	fail	VERB
taxlaw-8367	591	69	to	to	PART
taxlaw-8367	591	70	maintain	maintain	VERB
taxlaw-8367	591	71	the	the	DET
taxlaw-8367	591	72	ability	ability	NOUN
taxlaw-8367	591	73	to	to	PART
taxlaw-8367	591	74	repay	repay	VERB
taxlaw-8367	591	75	—	—	PUNCT
taxlaw-8367	591	76	whether	whether	SCONJ
taxlaw-8367	591	77	or	or	CCONJ
taxlaw-8367	591	78	not	not	PART
taxlaw-8367	591	79	through	through	ADP
taxlaw-8367	591	80	any	any	DET
taxlaw-8367	591	81	fault	fault	NOUN
taxlaw-8367	591	82	of	of	ADP
taxlaw-8367	591	83	her	her	PRON
taxlaw-8367	591	84	own	own	ADJ
taxlaw-8367	591	85	.	.	PUNCT
taxlaw-8367	592	1	the	the	DET
taxlaw-8367	592	2	just	just	ADV
taxlaw-8367	592	3	-	-	PUNCT
taxlaw-8367	592	4	described	describe	VERB
taxlaw-8367	592	5	privilege	privilege	NOUN
taxlaw-8367	592	6	and	and	CCONJ
taxlaw-8367	592	7	power	power	NOUN
taxlaw-8367	592	8	that	that	SCONJ
taxlaw-8367	592	9	the	the	DET
taxlaw-8367	592	10	borrower	borrower	NOUN
taxlaw-8367	592	11	has	have	VERB
taxlaw-8367	592	12	in	in	ADP
taxlaw-8367	592	13	relation	relation	NOUN
taxlaw-8367	592	14	to	to	ADP
taxlaw-8367	592	15	the	the	DET
taxlaw-8367	592	16	lender	lender	NOUN
taxlaw-8367	592	17	has	have	VERB
taxlaw-8367	592	18	a	a	DET
taxlaw-8367	592	19	value	value	NOUN
taxlaw-8367	592	20	,	,	PUNCT
taxlaw-8367	592	21	but	but	CCONJ
taxlaw-8367	592	22	that	that	DET
taxlaw-8367	592	23	value	value	NOUN
taxlaw-8367	592	24	generally	generally	ADV
taxlaw-8367	592	25	is	be	AUX
taxlaw-8367	592	26	small	small	ADJ
taxlaw-8367	592	27	.	.	PUNCT
taxlaw-8367	593	1	we	we	PRON
taxlaw-8367	593	2	know	know	VERB
taxlaw-8367	593	3	its	its	PRON
taxlaw-8367	593	4	value	value	NOUN
taxlaw-8367	593	5	because	because	SCONJ
taxlaw-8367	593	6	we	we	PRON
taxlaw-8367	593	7	know	know	VERB
taxlaw-8367	593	8	that	that	SCONJ
taxlaw-8367	593	9	borrowers	borrower	NOUN
taxlaw-8367	593	10	other	other	ADJ
taxlaw-8367	593	11	than	than	ADP
taxlaw-8367	593	12	the	the	DET
taxlaw-8367	593	13	federal	federal	ADJ
taxlaw-8367	593	14	government	government	NOUN
taxlaw-8367	593	15	pay	pay	VERB
taxlaw-8367	593	16	a	a	DET
taxlaw-8367	593	17	risk	risk	NOUN
taxlaw-8367	593	18	premium	premium	NOUN
taxlaw-8367	593	19	to	to	PART
taxlaw-8367	593	20	borrow	borrow	VERB
taxlaw-8367	593	21	,	,	PUNCT
taxlaw-8367	593	22	and	and	CCONJ
taxlaw-8367	593	23	the	the	DET
taxlaw-8367	593	24	risk	risk	NOUN
taxlaw-8367	593	25	premium	premium	NOUN
taxlaw-8367	593	26	is	be	AUX
taxlaw-8367	593	27	simply	simply	ADV
taxlaw-8367	593	28	the	the	DET
taxlaw-8367	593	29	price	price	NOUN
taxlaw-8367	593	30	of	of	ADP
taxlaw-8367	593	31	the	the	DET
taxlaw-8367	593	32	privilege	privilege	NOUN
taxlaw-8367	593	33	and	and	CCONJ
taxlaw-8367	593	34	the	the	DET
taxlaw-8367	593	35	power	power	NOUN
taxlaw-8367	593	36	that	that	PRON
taxlaw-8367	593	37	the	the	DET
taxlaw-8367	593	38	borrower	borrower	NOUN
taxlaw-8367	593	39	receives	receive	VERB
taxlaw-8367	593	40	under	under	ADP
taxlaw-8367	593	41	the	the	DET
taxlaw-8367	593	42	loan	loan	NOUN
taxlaw-8367	593	43	.	.	PUNCT
taxlaw-8367	594	1	over	over	ADP
taxlaw-8367	594	2	the	the	DET
taxlaw-8367	594	3	last	last	ADJ
taxlaw-8367	594	4	35	35	NUM
taxlaw-8367	594	5	years	year	NOUN
taxlaw-8367	594	6	,	,	PUNCT
taxlaw-8367	594	7	the	the	DET
taxlaw-8367	594	8	risk	risk	NOUN
taxlaw-8367	594	9	premium	premium	NOUN
taxlaw-8367	594	10	for	for	ADP
taxlaw-8367	594	11	large	large	ADJ
taxlaw-8367	594	12	borrowers	borrower	NOUN
taxlaw-8367	594	13	has	have	AUX
taxlaw-8367	594	14	averaged	average	VERB
taxlaw-8367	594	15	about	about	ADV
taxlaw-8367	594	16	three	three	NUM
taxlaw-8367	594	17	percent	percent	NOUN
taxlaw-8367	594	18	in	in	ADP
taxlaw-8367	594	19	excess	excess	NOUN
taxlaw-8367	594	20	of	of	ADP
taxlaw-8367	594	21	the	the	DET
taxlaw-8367	594	22	rate	rate	NOUN
taxlaw-8367	594	23	on	on	ADP
taxlaw-8367	594	24	12	12	NUM
taxlaw-8367	594	25	-	-	PUNCT
taxlaw-8367	594	26	month	month	NOUN
taxlaw-8367	594	27	treasury	treasury	NOUN
taxlaw-8367	594	28	obligations	obligation	NOUN
taxlaw-8367	594	29	—	—	PUNCT
taxlaw-8367	594	30	considerably	considerably	ADV
taxlaw-8367	594	31	less	less	ADJ
taxlaw-8367	594	32	than	than	ADP
taxlaw-8367	594	33	a	a	DET
taxlaw-8367	594	34	right	right	NOUN
taxlaw-8367	594	35	to	to	ADP
taxlaw-8367	594	36	the	the	DET
taxlaw-8367	594	37	loan	loan	NOUN
taxlaw-8367	594	38	proceeds	proceed	NOUN
taxlaw-8367	594	39	beyond	beyond	ADP
taxlaw-8367	594	40	the	the	DET
taxlaw-8367	594	41	term.114	term.114	NUM
taxlaw-8367	594	42	of	of	ADP
taxlaw-8367	594	43	course	course	NOUN
taxlaw-8367	594	44	,	,	PUNCT
taxlaw-8367	594	45	rates	rate	NOUN
taxlaw-8367	594	46	are	be	AUX
taxlaw-8367	594	47	higher	high	ADJ
taxlaw-8367	594	48	for	for	ADP
taxlaw-8367	594	49	riskier	risky	ADJ
taxlaw-8367	594	50	debt	debt	NOUN
taxlaw-8367	594	51	,	,	PUNCT
taxlaw-8367	594	52	but	but	CCONJ
taxlaw-8367	594	53	even	even	ADV
taxlaw-8367	594	54	non	non	ADJ
taxlaw-8367	594	55	-	-	ADJ
taxlaw-8367	594	56	investment	investment	ADJ
taxlaw-8367	594	57	grade	grade	NOUN
taxlaw-8367	594	58	borrowing	borrowing	NOUN
taxlaw-8367	594	59	typically	typically	ADV
taxlaw-8367	594	60	bears	bear	VERB
taxlaw-8367	594	61	a	a	DET
taxlaw-8367	594	62	rate	rate	NOUN
taxlaw-8367	594	63	not	not	PART
taxlaw-8367	594	64	higher	high	ADJ
taxlaw-8367	594	65	than	than	ADP
taxlaw-8367	594	66	about	about	ADV
taxlaw-8367	594	67	15	15	NUM
taxlaw-8367	594	68	percent	percent	NOUN
taxlaw-8367	594	69	before	before	ADP
taxlaw-8367	594	70	subtracting	subtract	VERB
taxlaw-8367	594	71	the	the	DET
taxlaw-8367	594	72	risk	risk	NOUN
taxlaw-8367	594	73	-	-	PUNCT
taxlaw-8367	594	74	free	free	ADJ
taxlaw-8367	594	75	rate.115	rate.115	NOUN
taxlaw-8367	594	76	thus	thus	ADV
taxlaw-8367	594	77	,	,	PUNCT
taxlaw-8367	594	78	even	even	ADV
taxlaw-8367	594	79	if	if	SCONJ
taxlaw-8367	594	80	one	one	NUM
taxlaw-8367	594	81	wanted	want	VERB
taxlaw-8367	594	82	,	,	PUNCT
taxlaw-8367	594	83	under	under	ADP
taxlaw-8367	594	84	the	the	DET
taxlaw-8367	594	85	standard	standard	ADJ
taxlaw-8367	594	86	view	view	NOUN
taxlaw-8367	594	87	,	,	PUNCT
taxlaw-8367	594	88	to	to	PART
taxlaw-8367	594	89	treat	treat	VERB
taxlaw-8367	594	90	the	the	DET
taxlaw-8367	594	91	promises	promise	NOUN
taxlaw-8367	594	92	made	make	VERB
taxlaw-8367	594	93	by	by	ADP
taxlaw-8367	594	94	the	the	DET
taxlaw-8367	594	95	borrower	borrower	NOUN
taxlaw-8367	594	96	to	to	PART
taxlaw-8367	594	97	go	go	VERB
taxlaw-8367	594	98	beyond	beyond	ADP
taxlaw-8367	594	99	the	the	DET
taxlaw-8367	594	100	obligation	obligation	NOUN
taxlaw-8367	594	101	to	to	PART
taxlaw-8367	594	102	pay	pay	VERB
taxlaw-8367	594	103	for	for	ADP
taxlaw-8367	594	104	the	the	DET
taxlaw-8367	594	105	time	time	NOUN
taxlaw-8367	594	106	value	value	NOUN
taxlaw-8367	594	107	of	of	ADP
taxlaw-8367	594	108	money	money	NOUN
taxlaw-8367	594	109	,	,	PUNCT
taxlaw-8367	594	110	those	those	DET
taxlaw-8367	594	111	promises	promise	NOUN
taxlaw-8367	594	112	reflect	reflect	VERB
taxlaw-8367	594	113	a	a	DET
taxlaw-8367	594	114	small	small	ADJ
taxlaw-8367	594	115	proportion	proportion	NOUN
taxlaw-8367	594	116	of	of	ADP
taxlaw-8367	594	117	the	the	DET
taxlaw-8367	594	118	face	face	NOUN
taxlaw-8367	594	119	amount	amount	NOUN
taxlaw-8367	594	120	.	.	PUNCT
taxlaw-8367	595	1	secondly	secondly	ADV
taxlaw-8367	595	2	,	,	PUNCT
taxlaw-8367	595	3	and	and	CCONJ
taxlaw-8367	595	4	more	more	ADV
taxlaw-8367	595	5	to	to	ADP
taxlaw-8367	595	6	the	the	DET
taxlaw-8367	595	7	point	point	NOUN
taxlaw-8367	595	8	,	,	PUNCT
taxlaw-8367	595	9	because	because	SCONJ
taxlaw-8367	595	10	the	the	DET
taxlaw-8367	595	11	borrower	borrower	NOUN
taxlaw-8367	595	12	pays	pay	VERB
taxlaw-8367	595	13	a	a	DET
taxlaw-8367	595	14	risk	risk	NOUN
taxlaw-8367	595	15	premium	premium	NOUN
taxlaw-8367	595	16	on	on	ADP
taxlaw-8367	595	17	an	an	DET
taxlaw-8367	595	18	ongoing	ongoing	ADJ
taxlaw-8367	595	19	basis	basis	NOUN
taxlaw-8367	595	20	in	in	ADP
taxlaw-8367	595	21	exchange	exchange	NOUN
taxlaw-8367	595	22	for	for	ADP
taxlaw-8367	595	23	the	the	DET
taxlaw-8367	595	24	privilege	privilege	NOUN
taxlaw-8367	595	25	and	and	CCONJ
taxlaw-8367	595	26	the	the	DET
taxlaw-8367	595	27	power	power	NOUN
taxlaw-8367	595	28	,	,	PUNCT
taxlaw-8367	595	29	the	the	DET
taxlaw-8367	595	30	essential	essential	ADJ
taxlaw-8367	595	31	character	character	NOUN
taxlaw-8367	595	32	of	of	ADP
taxlaw-8367	595	33	the	the	DET
taxlaw-8367	595	34	transaction	transaction	NOUN
taxlaw-8367	595	35	as	as	ADP
taxlaw-8367	595	36	a	a	DET
taxlaw-8367	595	37	fully	fully	ADV
taxlaw-8367	595	38	paid	pay	VERB
taxlaw-8367	595	39	-	-	PUNCT
taxlaw-8367	595	40	for	for	ADP
taxlaw-8367	595	41	taxable	taxable	ADJ
taxlaw-8367	595	42	exchange	exchange	NOUN
taxlaw-8367	595	43	remains	remain	VERB
taxlaw-8367	595	44	unchanged	unchanged	ADJ
taxlaw-8367	595	45	.	.	PUNCT
taxlaw-8367	596	1	in	in	ADP
taxlaw-8367	596	2	each	each	DET
taxlaw-8367	596	3	period	period	NOUN
taxlaw-8367	596	4	,	,	PUNCT
taxlaw-8367	596	5	the	the	DET
taxlaw-8367	596	6	borrower	borrower	NOUN
taxlaw-8367	596	7	pays	pay	VERB
taxlaw-8367	596	8	the	the	DET
taxlaw-8367	596	9	pure	pure	ADJ
taxlaw-8367	596	10	cost	cost	NOUN
taxlaw-8367	596	11	of	of	ADP
taxlaw-8367	596	12	liquidity	liquidity	NOUN
taxlaw-8367	596	13	and	and	CCONJ
taxlaw-8367	596	14	a	a	DET
taxlaw-8367	596	15	risk	risk	NOUN
taxlaw-8367	596	16	premium	premium	NOUN
taxlaw-8367	596	17	that	that	PRON
taxlaw-8367	596	18	reflects	reflect	VERB
taxlaw-8367	596	19	the	the	DET
taxlaw-8367	596	20	parties	party	NOUN
taxlaw-8367	596	21	’	’	PART
taxlaw-8367	596	22	judgment	judgment	NOUN
taxlaw-8367	596	23	of	of	ADP
taxlaw-8367	596	24	the	the	DET
taxlaw-8367	596	25	fair	fair	ADJ
taxlaw-8367	596	26	market	market	NOUN
taxlaw-8367	596	27	value	value	NOUN
taxlaw-8367	596	28	of	of	ADP
taxlaw-8367	596	29	the	the	DET
taxlaw-8367	596	30	privilege	privilege	NOUN
taxlaw-8367	596	31	and	and	CCONJ
taxlaw-8367	596	32	power	power	NOUN
taxlaw-8367	596	33	discussed	discuss	VERB
taxlaw-8367	596	34	above	above	ADV
taxlaw-8367	596	35	.	.	PUNCT
taxlaw-8367	597	1	consequently	consequently	ADV
taxlaw-8367	597	2	,	,	PUNCT
taxlaw-8367	597	3	for	for	ADP
taxlaw-8367	597	4	the	the	DET
taxlaw-8367	597	5	same	same	ADJ
taxlaw-8367	597	6	reasons	reason	NOUN
taxlaw-8367	597	7	as	as	SCONJ
taxlaw-8367	597	8	previously	previously	ADV
taxlaw-8367	597	9	noted	note	VERB
taxlaw-8367	597	10	,	,	PUNCT
taxlaw-8367	597	11	the	the	DET
taxlaw-8367	597	12	borrower	borrower	NOUN
taxlaw-8367	597	13	does	do	AUX
taxlaw-8367	597	14	not	not	PART
taxlaw-8367	597	15	have	have	VERB
taxlaw-8367	597	16	income	income	NOUN
taxlaw-8367	597	17	on	on	ADP
taxlaw-8367	597	18	receipt	receipt	NOUN
taxlaw-8367	597	19	of	of	ADP
taxlaw-8367	597	20	the	the	DET
taxlaw-8367	597	21	loan	loan	NOUN
taxlaw-8367	597	22	proceeds	proceed	NOUN
taxlaw-8367	597	23	,	,	PUNCT
taxlaw-8367	597	24	the	the	DET
taxlaw-8367	597	25	lender	lender	NOUN
taxlaw-8367	597	26	has	have	VERB
taxlaw-8367	597	27	no	no	DET
taxlaw-8367	597	28	deduction	deduction	NOUN
taxlaw-8367	597	29	from	from	ADP
taxlaw-8367	597	30	the	the	DET
taxlaw-8367	597	31	transfer	transfer	NOUN
taxlaw-8367	597	32	,	,	PUNCT
taxlaw-8367	597	33	and	and	CCONJ
taxlaw-8367	597	34	both	both	DET
taxlaw-8367	597	35	parties	party	NOUN
taxlaw-8367	597	36	have	have	VERB
taxlaw-8367	597	37	full	full	ADJ
taxlaw-8367	597	38	basis	basis	NOUN
taxlaw-8367	597	39	in	in	ADP
taxlaw-8367	597	40	their	their	PRON
taxlaw-8367	597	41	respective	respective	ADJ
taxlaw-8367	597	42	legal	legal	ADJ
taxlaw-8367	597	43	entitlements.116	entitlements.116	NOUN
taxlaw-8367	597	44	these	these	DET
taxlaw-8367	597	45	entitlements	entitlement	NOUN
taxlaw-8367	597	46	simply	simply	ADV
taxlaw-8367	597	47	include	include	VERB
taxlaw-8367	597	48	the	the	DET
taxlaw-8367	597	49	privilege	privilege	NOUN
taxlaw-8367	597	50	and	and	CCONJ
taxlaw-8367	597	51	the	the	DET
taxlaw-8367	597	52	power	power	NOUN
taxlaw-8367	597	53	described	describe	VERB
taxlaw-8367	597	54	previously	previously	ADV
taxlaw-8367	597	55	.	.	PUNCT
taxlaw-8367	598	1	2	2	X
taxlaw-8367	598	2	.	.	X
taxlaw-8367	598	3	provision	provision	NOUN
taxlaw-8367	598	4	of	of	ADP
taxlaw-8367	598	5	security	security	NOUN
taxlaw-8367	598	6	and	and	CCONJ
taxlaw-8367	598	7	covenants	covenant	NOUN
taxlaw-8367	598	8	a	a	DET
taxlaw-8367	598	9	separate	separate	ADJ
taxlaw-8367	598	10	basis	basis	NOUN
taxlaw-8367	598	11	on	on	ADP
taxlaw-8367	598	12	which	which	PRON
taxlaw-8367	598	13	to	to	PART
taxlaw-8367	598	14	conclude	conclude	VERB
taxlaw-8367	598	15	that	that	SCONJ
taxlaw-8367	598	16	the	the	DET
taxlaw-8367	598	17	extension	extension	NOUN
taxlaw-8367	598	18	of	of	ADP
taxlaw-8367	598	19	the	the	DET
taxlaw-8367	598	20	loan	loan	NOUN
taxlaw-8367	598	21	may	may	AUX
taxlaw-8367	598	22	be	be	AUX
taxlaw-8367	598	23	taxable	taxable	ADJ
taxlaw-8367	598	24	to	to	ADP
taxlaw-8367	598	25	the	the	DET
taxlaw-8367	598	26	borrower	borrower	NOUN
taxlaw-8367	598	27	relates	relate	VERB
taxlaw-8367	598	28	to	to	ADP
taxlaw-8367	598	29	the	the	DET
taxlaw-8367	598	30	consideration	consideration	NOUN
taxlaw-8367	598	31	that	that	SCONJ
taxlaw-8367	598	32	the	the	DET
taxlaw-8367	598	33	borrower	borrower	NOUN
taxlaw-8367	598	34	provides	provide	VERB
taxlaw-8367	598	35	the	the	DET
taxlaw-8367	598	36	lender	lender	NOUN
taxlaw-8367	598	37	for	for	ADP
taxlaw-8367	598	38	the	the	DET
taxlaw-8367	598	39	lender	lender	NOUN
taxlaw-8367	598	40	’s	’s	PART
taxlaw-8367	598	41	willingness	willingness	NOUN
taxlaw-8367	598	42	to	to	PART
taxlaw-8367	598	43	assume	assume	VERB
taxlaw-8367	598	44	risk	risk	NOUN
taxlaw-8367	598	45	of	of	ADP
taxlaw-8367	598	46	loss	loss	NOUN
taxlaw-8367	598	47	.	.	PUNCT
taxlaw-8367	599	1	here	here	ADV
taxlaw-8367	599	2	one	one	PRON
taxlaw-8367	599	3	might	might	AUX
taxlaw-8367	599	4	accept	accept	VERB
taxlaw-8367	599	5	lal	lal	PROPN
taxlaw-8367	599	6	as	as	ADP
taxlaw-8367	599	7	the	the	DET
taxlaw-8367	599	8	theory	theory	NOUN
taxlaw-8367	599	9	of	of	ADP
taxlaw-8367	599	10	the	the	DET
taxlaw-8367	599	11	loan	loan	NOUN
taxlaw-8367	599	12	transaction	transaction	NOUN
taxlaw-8367	599	13	but	but	CCONJ
taxlaw-8367	599	14	point	point	VERB
taxlaw-8367	599	15	to	to	ADP
taxlaw-8367	599	16	the	the	DET
taxlaw-8367	599	17	fact	fact	NOUN
taxlaw-8367	599	18	that	that	SCONJ
taxlaw-8367	599	19	a	a	DET
taxlaw-8367	599	20	cash	cash	NOUN
taxlaw-8367	599	21	risk	risk	NOUN
taxlaw-8367	599	22	premium	premium	NOUN
taxlaw-8367	599	23	is	be	AUX
taxlaw-8367	599	24	not	not	PART
taxlaw-8367	599	25	the	the	DET
taxlaw-8367	599	26	only	only	ADJ
taxlaw-8367	599	27	form	form	NOUN
taxlaw-8367	599	28	of	of	ADP
taxlaw-8367	599	29	consideration	consideration	NOUN
taxlaw-8367	599	30	paid	pay	VERB
taxlaw-8367	599	31	to	to	ADP
taxlaw-8367	599	32	the	the	DET
taxlaw-8367	599	33	lender	lender	NOUN
taxlaw-8367	599	34	.	.	PUNCT
taxlaw-8367	600	1	for	for	ADP
taxlaw-8367	600	2	example	example	NOUN
taxlaw-8367	600	3	,	,	PUNCT
taxlaw-8367	600	4	the	the	DET
taxlaw-8367	600	5	borrower	borrower	NOUN
taxlaw-8367	600	6	may	may	AUX
taxlaw-8367	600	7	provide	provide	VERB
taxlaw-8367	600	8	collateral	collateral	NOUN
taxlaw-8367	600	9	to	to	ADP
taxlaw-8367	600	10	the	the	DET
taxlaw-8367	600	11	lender	lender	NOUN
taxlaw-8367	600	12	that	that	PRON
taxlaw-8367	600	13	consists	consist	VERB
taxlaw-8367	600	14	of	of	ADP
taxlaw-8367	600	15	appreciated	appreciated	ADJ
taxlaw-8367	600	16	property	property	NOUN
taxlaw-8367	600	17	or	or	CCONJ
taxlaw-8367	600	18	may	may	AUX
taxlaw-8367	600	19	agree	agree	VERB
taxlaw-8367	600	20	to	to	PART
taxlaw-8367	600	21	provide	provide	VERB
taxlaw-8367	600	22	zero	zero	NUM
taxlaw-8367	600	23	-	-	PUNCT
taxlaw-8367	600	24	basis	basis	NOUN
taxlaw-8367	600	25	services	service	NOUN
taxlaw-8367	600	26	to	to	ADP
taxlaw-8367	600	27	personal	personal	ADJ
taxlaw-8367	600	28	liability	liability	NOUN
taxlaw-8367	600	29	for	for	ADP
taxlaw-8367	600	30	certain	certain	ADJ
taxlaw-8367	600	31	specified	specified	ADJ
taxlaw-8367	600	32	types	type	NOUN
taxlaw-8367	600	33	of	of	ADP
taxlaw-8367	600	34	debts	debt	NOUN
taxlaw-8367	600	35	.	.	PUNCT
taxlaw-8367	601	1	in	in	ADP
taxlaw-8367	601	2	other	other	ADJ
taxlaw-8367	601	3	words	word	NOUN
taxlaw-8367	601	4	,	,	PUNCT
taxlaw-8367	601	5	the	the	DET
taxlaw-8367	601	6	debtor	debtor	NOUN
taxlaw-8367	601	7	is	be	AUX
taxlaw-8367	601	8	no	no	ADV
taxlaw-8367	601	9	longer	long	ADV
taxlaw-8367	601	10	legally	legally	ADV
taxlaw-8367	601	11	required	require	VERB
taxlaw-8367	601	12	to	to	PART
taxlaw-8367	601	13	pay	pay	VERB
taxlaw-8367	601	14	any	any	DET
taxlaw-8367	601	15	debts	debt	NOUN
taxlaw-8367	601	16	that	that	PRON
taxlaw-8367	601	17	are	be	AUX
taxlaw-8367	601	18	discharged	discharge	VERB
taxlaw-8367	601	19	.	.	PUNCT
taxlaw-8367	601	20	”	"	PUNCT
taxlaw-8367	601	21	)	)	PUNCT
taxlaw-8367	601	22	;	;	PUNCT
taxlaw-8367	601	23	u.s.c	u.s.c	ADJ
taxlaw-8367	601	24	.	.	PUNCT
taxlaw-8367	602	1	§	§	PROPN
taxlaw-8367	602	2	1328(a)-(c	1328(a)-(c	NUM
taxlaw-8367	602	3	)	)	PUNCT
taxlaw-8367	602	4	.	.	PUNCT
taxlaw-8367	603	1	113	113	NUM
taxlaw-8367	604	1	i	i	PRON
taxlaw-8367	604	2	d.	d.	PROPN
taxlaw-8367	604	3	see	see	VERB
taxlaw-8367	604	4	also	also	ADV
taxlaw-8367	604	5	curtis	curtis	PROPN
taxlaw-8367	604	6	nyquist	nyquist	NOUN
taxlaw-8367	604	7	,	,	PUNCT
taxlaw-8367	604	8	teaching	teach	VERB
taxlaw-8367	604	9	wesley	wesley	PROPN
taxlaw-8367	604	10	hohfeld	hohfeld	PROPN
taxlaw-8367	604	11	’s	’s	PART
taxlaw-8367	604	12	theory	theory	NOUN
taxlaw-8367	604	13	of	of	ADP
taxlaw-8367	604	14	legal	legal	ADJ
taxlaw-8367	604	15	relations	relation	NOUN
taxlaw-8367	604	16	,	,	PUNCT
taxlaw-8367	604	17	52	52	NUM
taxlaw-8367	604	18	j.	j.	PROPN
taxlaw-8367	604	19	leg	leg	PROPN
taxlaw-8367	604	20	.	.	PUNCT
taxlaw-8367	605	1	ed	ed	NOUN
taxlaw-8367	605	2	.	.	PROPN
taxlaw-8367	606	1	238	238	NUM
taxlaw-8367	606	2	,	,	PUNCT
taxlaw-8367	606	3	240	240	NUM
taxlaw-8367	606	4	(	(	PUNCT
taxlaw-8367	606	5	2002	2002	NUM
taxlaw-8367	606	6	)	)	PUNCT
taxlaw-8367	606	7	(	(	PUNCT
taxlaw-8367	606	8	“	"	PUNCT
taxlaw-8367	606	9	a	a	DET
taxlaw-8367	606	10	person	person	NOUN
taxlaw-8367	606	11	with	with	ADP
taxlaw-8367	606	12	a	a	DET
taxlaw-8367	606	13	power	power	NOUN
taxlaw-8367	606	14	is	be	AUX
taxlaw-8367	606	15	able	able	ADJ
taxlaw-8367	606	16	to	to	PART
taxlaw-8367	606	17	change	change	VERB
taxlaw-8367	606	18	a	a	DET
taxlaw-8367	606	19	legal	legal	ADJ
taxlaw-8367	606	20	relation	relation	NOUN
taxlaw-8367	606	21	of	of	ADP
taxlaw-8367	606	22	another	another	PRON
taxlaw-8367	606	23	(	(	PUNCT
taxlaw-8367	606	24	who	who	PRON
taxlaw-8367	606	25	is	be	AUX
taxlaw-8367	606	26	under	under	ADP
taxlaw-8367	606	27	a	a	DET
taxlaw-8367	606	28	liability	liability	NOUN
taxlaw-8367	606	29	)	)	PUNCT
taxlaw-8367	606	30	.	.	PUNCT
taxlaw-8367	606	31	”	"	PUNCT
taxlaw-8367	606	32	)	)	PUNCT
taxlaw-8367	606	33	.	.	PUNCT
taxlaw-8367	607	1	114	114	NUM
taxlaw-8367	607	2	historical	historical	ADJ
taxlaw-8367	607	3	interest	interest	NOUN
taxlaw-8367	607	4	rates	rate	NOUN
taxlaw-8367	607	5	:	:	PUNCT
taxlaw-8367	607	6	january	january	PROPN
taxlaw-8367	607	7	1986	1986	NUM
taxlaw-8367	607	8	to	to	ADP
taxlaw-8367	607	9	august	august	PROPN
taxlaw-8367	607	10	2020	2020	NUM
taxlaw-8367	607	11	,	,	PUNCT
taxlaw-8367	607	12	first	first	PROPN
taxlaw-8367	607	13	republic	republic	PROPN
taxlaw-8367	607	14	bank	bank	PROPN
taxlaw-8367	607	15	,	,	PUNCT
taxlaw-8367	607	16	https://www.firstrepublic.com/finmkts/historical-interest-rates	https://www.firstrepublic.com/finmkts/historical-interest-rates	PUNCT
taxlaw-8367	608	1	[	[	X
taxlaw-8367	608	2	https://perma.cc/ddu4-8m5f	https://perma.cc/ddu4-8m5f	X
taxlaw-8367	608	3	]	]	X
taxlaw-8367	608	4	(	(	PUNCT
taxlaw-8367	608	5	last	last	ADV
taxlaw-8367	608	6	visited	visit	VERB
taxlaw-8367	608	7	mar	mar	PROPN
taxlaw-8367	608	8	.	.	PROPN
taxlaw-8367	608	9	21	21	NUM
taxlaw-8367	608	10	,	,	PUNCT
taxlaw-8367	608	11	2021	2021	NUM
taxlaw-8367	608	12	)	)	PUNCT
taxlaw-8367	608	13	.	.	PUNCT
taxlaw-8367	609	1	115	115	NUM
taxlaw-8367	609	2	ice	ice	NOUN
taxlaw-8367	609	3	bofa	bofa	PROPN
taxlaw-8367	609	4	us	us	PROPN
taxlaw-8367	609	5	high	high	ADJ
taxlaw-8367	609	6	yield	yield	NOUN
taxlaw-8367	609	7	index	index	NOUN
taxlaw-8367	609	8	effective	effective	ADJ
taxlaw-8367	609	9	yield	yield	NOUN
taxlaw-8367	609	10	,	,	PUNCT
taxlaw-8367	609	11	fed	fed	PROPN
taxlaw-8367	609	12	.	.	PUNCT
taxlaw-8367	609	13	rsrv	rsrv	PROPN
taxlaw-8367	609	14	.	.	PUNCT
taxlaw-8367	610	1	bank	bank	PROPN
taxlaw-8367	610	2	of	of	ADP
taxlaw-8367	610	3	st	st	PROPN
taxlaw-8367	610	4	.	.	PROPN
taxlaw-8367	610	5	louis	louis	PROPN
taxlaw-8367	610	6	(	(	PUNCT
taxlaw-8367	610	7	1997	1997	NUM
taxlaw-8367	610	8	-	-	SYM
taxlaw-8367	610	9	2020	2020	NUM
taxlaw-8367	610	10	)	)	PUNCT
taxlaw-8367	610	11	https://fred.stlouisfed.org/series/bamlh0a0hym2ey	https://fred.stlouisfed.org/series/bamlh0a0hym2ey	PUNCT
taxlaw-8367	611	1	[	[	X
taxlaw-8367	611	2	https://perma.cc/7ac5-p52k	https://perma.cc/7ac5-p52k	X
taxlaw-8367	611	3	]	]	X
taxlaw-8367	611	4	(	(	PUNCT
taxlaw-8367	611	5	last	last	ADV
taxlaw-8367	611	6	visited	visit	VERB
taxlaw-8367	611	7	mar	mar	PROPN
taxlaw-8367	611	8	.	.	PROPN
taxlaw-8367	611	9	21	21	NUM
taxlaw-8367	611	10	,	,	PUNCT
taxlaw-8367	611	11	2021	2021	NUM
taxlaw-8367	611	12	)	)	PUNCT
taxlaw-8367	611	13	.	.	PUNCT
taxlaw-8367	612	1	the	the	DET
taxlaw-8367	612	2	only	only	ADJ
taxlaw-8367	612	3	time	time	NOUN
taxlaw-8367	612	4	during	during	ADP
taxlaw-8367	612	5	this	this	DET
taxlaw-8367	612	6	period	period	NOUN
taxlaw-8367	612	7	that	that	PRON
taxlaw-8367	612	8	rates	rate	NOUN
taxlaw-8367	612	9	exceeded	exceed	VERB
taxlaw-8367	612	10	15	15	NUM
taxlaw-8367	612	11	percent	percent	NOUN
taxlaw-8367	612	12	was	be	AUX
taxlaw-8367	612	13	in	in	ADP
taxlaw-8367	612	14	the	the	DET
taxlaw-8367	612	15	immediate	immediate	ADJ
taxlaw-8367	612	16	aftermath	aftermath	NOUN
taxlaw-8367	612	17	of	of	ADP
taxlaw-8367	612	18	the	the	DET
taxlaw-8367	612	19	2008	2008	NUM
taxlaw-8367	612	20	-	-	SYM
taxlaw-8367	612	21	09	09	NUM
taxlaw-8367	612	22	great	great	ADJ
taxlaw-8367	612	23	recession	recession	NOUN
taxlaw-8367	612	24	.	.	PUNCT
taxlaw-8367	613	1	i	i	PRON
taxlaw-8367	613	2	d.	d.	PROPN
taxlaw-8367	613	3	116	116	NUM
taxlaw-8367	613	4	some	some	PRON
taxlaw-8367	613	5	have	have	AUX
taxlaw-8367	613	6	suggested	suggest	VERB
taxlaw-8367	613	7	that	that	SCONJ
taxlaw-8367	613	8	the	the	DET
taxlaw-8367	613	9	features	feature	NOUN
taxlaw-8367	613	10	of	of	ADP
taxlaw-8367	613	11	nonrecourse	nonrecourse	NOUN
taxlaw-8367	613	12	debt	debt	NOUN
taxlaw-8367	613	13	are	be	AUX
taxlaw-8367	613	14	enough	enough	ADJ
taxlaw-8367	613	15	like	like	ADP
taxlaw-8367	613	16	a	a	DET
taxlaw-8367	613	17	sale	sale	NOUN
taxlaw-8367	613	18	to	to	PART
taxlaw-8367	613	19	make	make	VERB
taxlaw-8367	613	20	the	the	DET
taxlaw-8367	613	21	transaction	transaction	NOUN
taxlaw-8367	613	22	taxable	taxable	ADJ
taxlaw-8367	613	23	,	,	PUNCT
taxlaw-8367	613	24	since	since	SCONJ
taxlaw-8367	613	25	the	the	DET
taxlaw-8367	613	26	borrower	borrower	NOUN
taxlaw-8367	613	27	can	can	AUX
taxlaw-8367	613	28	lock	lock	VERB
taxlaw-8367	613	29	in	in	ADP
taxlaw-8367	613	30	gain	gain	NOUN
taxlaw-8367	613	31	by	by	ADP
taxlaw-8367	613	32	pledging	pledge	VERB
taxlaw-8367	613	33	appreciated	appreciated	ADJ
taxlaw-8367	613	34	property	property	NOUN
taxlaw-8367	613	35	.	.	PUNCT
taxlaw-8367	614	1	see	see	VERB
taxlaw-8367	614	2	supra	supra	ADJ
taxlaw-8367	614	3	text	text	NOUN
taxlaw-8367	614	4	accompanying	accompanying	ADJ
taxlaw-8367	614	5	notes	note	NOUN
taxlaw-8367	614	6	49	49	NUM
taxlaw-8367	614	7	-	-	SYM
taxlaw-8367	614	8	51	51	NUM
taxlaw-8367	614	9	.	.	PUNCT
taxlaw-8367	614	10	112	112	NUM
taxlaw-8367	614	11	columbia	columbia	PROPN
taxlaw-8367	614	12	journal	journal	PROPN
taxlaw-8367	614	13	of	of	ADP
taxlaw-8367	614	14	tax	tax	NOUN
taxlaw-8367	614	15	law	law	NOUN
taxlaw-8367	615	1	[	[	X
taxlaw-8367	615	2	vol	vol	NOUN
taxlaw-8367	615	3	.	.	PUNCT
taxlaw-8367	615	4	12:89	12:89	NUM
taxlaw-8367	615	5	the	the	DET
taxlaw-8367	615	6	lender	lender	NOUN
taxlaw-8367	615	7	(	(	PUNCT
taxlaw-8367	615	8	such	such	ADJ
taxlaw-8367	615	9	as	as	ADP
taxlaw-8367	615	10	furnishing	furnish	VERB
taxlaw-8367	615	11	financials).117	financials).117	NOUN
taxlaw-8367	615	12	in	in	ADP
taxlaw-8367	615	13	either	either	DET
taxlaw-8367	615	14	case	case	NOUN
taxlaw-8367	615	15	,	,	PUNCT
taxlaw-8367	615	16	if	if	SCONJ
taxlaw-8367	615	17	the	the	DET
taxlaw-8367	615	18	transferred	transfer	VERB
taxlaw-8367	615	19	interest	interest	NOUN
taxlaw-8367	615	20	is	be	AUX
taxlaw-8367	615	21	substantial	substantial	ADJ
taxlaw-8367	615	22	enough	enough	ADV
taxlaw-8367	615	23	,	,	PUNCT
taxlaw-8367	615	24	the	the	DET
taxlaw-8367	615	25	transaction	transaction	NOUN
taxlaw-8367	615	26	might	might	AUX
taxlaw-8367	615	27	be	be	AUX
taxlaw-8367	615	28	considered	consider	VERB
taxlaw-8367	615	29	taxable	taxable	ADJ
taxlaw-8367	615	30	.	.	PUNCT
taxlaw-8367	616	1	assume	assume	VERB
taxlaw-8367	616	2	borrower	borrower	NOUN
taxlaw-8367	616	3	pledges	pledge	NOUN
taxlaw-8367	616	4	whiteacre	whiteacre	ADJ
taxlaw-8367	616	5	as	as	ADP
taxlaw-8367	616	6	security	security	NOUN
taxlaw-8367	616	7	for	for	ADP
taxlaw-8367	616	8	a	a	DET
taxlaw-8367	616	9	$	$	SYM
taxlaw-8367	616	10	1	1	NUM
taxlaw-8367	616	11	million	million	NUM
taxlaw-8367	616	12	loan	loan	NOUN
taxlaw-8367	616	13	from	from	ADP
taxlaw-8367	616	14	lender	lender	NOUN
taxlaw-8367	616	15	.	.	PUNCT
taxlaw-8367	617	1	borrower	borrower	NOUN
taxlaw-8367	617	2	’s	’s	PART
taxlaw-8367	617	3	basis	basis	NOUN
taxlaw-8367	617	4	in	in	ADP
taxlaw-8367	617	5	whiteacre	whiteacre	ADJ
taxlaw-8367	617	6	is	be	AUX
taxlaw-8367	617	7	$	$	SYM
taxlaw-8367	617	8	700,000	700,000	NUM
taxlaw-8367	617	9	and	and	CCONJ
taxlaw-8367	617	10	its	its	PRON
taxlaw-8367	617	11	fair	fair	ADJ
taxlaw-8367	617	12	market	market	NOUN
taxlaw-8367	617	13	value	value	NOUN
taxlaw-8367	617	14	is	be	AUX
taxlaw-8367	617	15	$	$	SYM
taxlaw-8367	617	16	1.2	1.2	NUM
taxlaw-8367	617	17	million	million	NUM
taxlaw-8367	617	18	.	.	PUNCT
taxlaw-8367	618	1	by	by	ADP
taxlaw-8367	618	2	pledging	pledge	VERB
taxlaw-8367	618	3	whiteacre	whiteacre	ADJ
taxlaw-8367	618	4	,	,	PUNCT
taxlaw-8367	618	5	borrower	borrower	NOUN
taxlaw-8367	618	6	has	have	AUX
taxlaw-8367	618	7	transferred	transfer	VERB
taxlaw-8367	618	8	some	some	PRON
taxlaw-8367	618	9	of	of	ADP
taxlaw-8367	618	10	the	the	DET
taxlaw-8367	618	11	incidents	incident	NOUN
taxlaw-8367	618	12	of	of	ADP
taxlaw-8367	618	13	ownership	ownership	NOUN
taxlaw-8367	618	14	to	to	ADP
taxlaw-8367	618	15	lender	lender	NOUN
taxlaw-8367	618	16	,	,	PUNCT
taxlaw-8367	618	17	such	such	ADJ
taxlaw-8367	618	18	as	as	ADP
taxlaw-8367	618	19	limitations	limitation	NOUN
taxlaw-8367	618	20	on	on	ADP
taxlaw-8367	618	21	use	use	NOUN
taxlaw-8367	618	22	or	or	CCONJ
taxlaw-8367	618	23	perhaps	perhaps	ADV
taxlaw-8367	618	24	reporting	report	VERB
taxlaw-8367	618	25	obligations	obligation	NOUN
taxlaw-8367	618	26	with	with	ADP
taxlaw-8367	618	27	respect	respect	NOUN
taxlaw-8367	618	28	to	to	ADP
taxlaw-8367	618	29	the	the	DET
taxlaw-8367	618	30	security	security	NOUN
taxlaw-8367	618	31	or	or	CCONJ
taxlaw-8367	618	32	,	,	PUNCT
taxlaw-8367	618	33	more	more	ADV
taxlaw-8367	618	34	generally	generally	ADV
taxlaw-8367	618	35	,	,	PUNCT
taxlaw-8367	618	36	with	with	ADP
taxlaw-8367	618	37	respect	respect	NOUN
taxlaw-8367	618	38	to	to	ADP
taxlaw-8367	618	39	borrower	borrower	NOUN
taxlaw-8367	618	40	’s	’s	PART
taxlaw-8367	618	41	activities	activity	NOUN
taxlaw-8367	618	42	.	.	PUNCT
taxlaw-8367	619	1	do	do	AUX
taxlaw-8367	619	2	these	these	DET
taxlaw-8367	619	3	transfers	transfer	NOUN
taxlaw-8367	619	4	count	count	VERB
taxlaw-8367	619	5	as	as	ADP
taxlaw-8367	619	6	taxable	taxable	ADJ
taxlaw-8367	619	7	events	event	NOUN
taxlaw-8367	619	8	?	?	PUNCT
taxlaw-8367	620	1	with	with	ADP
taxlaw-8367	620	2	respect	respect	NOUN
taxlaw-8367	620	3	to	to	ADP
taxlaw-8367	620	4	collateral	collateral	NOUN
taxlaw-8367	620	5	,	,	PUNCT
taxlaw-8367	620	6	it	it	PRON
taxlaw-8367	620	7	is	be	AUX
taxlaw-8367	620	8	clear	clear	ADJ
taxlaw-8367	620	9	that	that	SCONJ
taxlaw-8367	620	10	the	the	DET
taxlaw-8367	620	11	transaction	transaction	NOUN
taxlaw-8367	620	12	would	would	AUX
taxlaw-8367	620	13	not	not	PART
taxlaw-8367	620	14	qualify	qualify	VERB
taxlaw-8367	620	15	as	as	ADP
taxlaw-8367	620	16	a	a	DET
taxlaw-8367	620	17	taxable	taxable	ADJ
taxlaw-8367	620	18	event	event	NOUN
taxlaw-8367	620	19	under	under	ADP
taxlaw-8367	620	20	well	well	ADV
taxlaw-8367	620	21	-	-	PUNCT
taxlaw-8367	620	22	developed	develop	VERB
taxlaw-8367	620	23	realization	realization	NOUN
taxlaw-8367	620	24	doctrine	doctrine	NOUN
taxlaw-8367	620	25	principles	principle	NOUN
taxlaw-8367	620	26	.	.	PUNCT
taxlaw-8367	621	1	in	in	ADP
taxlaw-8367	621	2	general	general	ADJ
taxlaw-8367	621	3	,	,	PUNCT
taxlaw-8367	621	4	realization	realization	NOUN
taxlaw-8367	621	5	occurs	occur	VERB
taxlaw-8367	621	6	when	when	SCONJ
taxlaw-8367	621	7	there	there	PRON
taxlaw-8367	621	8	is	be	VERB
taxlaw-8367	621	9	a	a	DET
taxlaw-8367	621	10	“	"	PUNCT
taxlaw-8367	621	11	disposition	disposition	NOUN
taxlaw-8367	621	12	”	"	PUNCT
taxlaw-8367	621	13	of	of	ADP
taxlaw-8367	621	14	property.118	property.118	PROPN
taxlaw-8367	621	15	a	a	DET
taxlaw-8367	621	16	disposition	disposition	NOUN
taxlaw-8367	621	17	for	for	ADP
taxlaw-8367	621	18	tax	tax	NOUN
taxlaw-8367	621	19	purposes	purpose	NOUN
taxlaw-8367	621	20	requires	require	VERB
taxlaw-8367	621	21	substantially	substantially	ADV
taxlaw-8367	621	22	more	more	ADJ
taxlaw-8367	621	23	than	than	ADP
taxlaw-8367	621	24	placing	place	VERB
taxlaw-8367	621	25	an	an	DET
taxlaw-8367	621	26	encumbrance	encumbrance	NOUN
taxlaw-8367	621	27	on	on	ADP
taxlaw-8367	621	28	property	property	NOUN
taxlaw-8367	621	29	.	.	PUNCT
taxlaw-8367	622	1	for	for	ADP
taxlaw-8367	622	2	example	example	NOUN
taxlaw-8367	622	3	,	,	PUNCT
taxlaw-8367	622	4	the	the	DET
taxlaw-8367	622	5	sale	sale	NOUN
taxlaw-8367	622	6	of	of	ADP
taxlaw-8367	622	7	a	a	DET
taxlaw-8367	622	8	call	call	NOUN
taxlaw-8367	622	9	option	option	NOUN
taxlaw-8367	622	10	for	for	ADP
taxlaw-8367	622	11	property	property	NOUN
taxlaw-8367	622	12	held	hold	VERB
taxlaw-8367	622	13	by	by	ADP
taxlaw-8367	622	14	the	the	DET
taxlaw-8367	622	15	taxpayer	taxpayer	NOUN
taxlaw-8367	622	16	does	do	AUX
taxlaw-8367	622	17	not	not	PART
taxlaw-8367	622	18	qualify	qualify	VERB
taxlaw-8367	622	19	as	as	ADP
taxlaw-8367	622	20	a	a	DET
taxlaw-8367	622	21	disposition	disposition	NOUN
taxlaw-8367	622	22	of	of	ADP
taxlaw-8367	622	23	the	the	DET
taxlaw-8367	622	24	property	property	NOUN
taxlaw-8367	622	25	unless	unless	SCONJ
taxlaw-8367	622	26	the	the	DET
taxlaw-8367	622	27	option	option	NOUN
taxlaw-8367	622	28	is	be	AUX
taxlaw-8367	622	29	so	so	ADV
taxlaw-8367	622	30	favorable	favorable	ADJ
taxlaw-8367	622	31	that	that	SCONJ
taxlaw-8367	622	32	its	its	PRON
taxlaw-8367	622	33	exercise	exercise	NOUN
taxlaw-8367	622	34	is	be	AUX
taxlaw-8367	622	35	all	all	PRON
taxlaw-8367	622	36	but	but	SCONJ
taxlaw-8367	622	37	assured.119	assured.119	PROPN
taxlaw-8367	622	38	nor	nor	CCONJ
taxlaw-8367	622	39	do	do	VERB
taxlaw-8367	622	40	loans	loan	NOUN
taxlaw-8367	622	41	of	of	ADP
taxlaw-8367	622	42	property	property	NOUN
taxlaw-8367	622	43	—	—	PUNCT
taxlaw-8367	622	44	that	that	ADV
taxlaw-8367	622	45	is	is	ADV
taxlaw-8367	622	46	,	,	PUNCT
taxlaw-8367	622	47	standard	standard	ADJ
taxlaw-8367	622	48	leases	lease	NOUN
taxlaw-8367	622	49	—	—	PUNCT
taxlaw-8367	622	50	qualify	qualify	VERB
taxlaw-8367	622	51	as	as	ADP
taxlaw-8367	622	52	realization	realization	NOUN
taxlaw-8367	622	53	events.120	events.120	NOUN
taxlaw-8367	622	54	if	if	SCONJ
taxlaw-8367	622	55	an	an	DET
taxlaw-8367	622	56	option	option	NOUN
taxlaw-8367	622	57	sale	sale	NOUN
taxlaw-8367	622	58	or	or	CCONJ
taxlaw-8367	622	59	a	a	DET
taxlaw-8367	622	60	loan	loan	NOUN
taxlaw-8367	622	61	of	of	ADP
taxlaw-8367	622	62	property	property	NOUN
taxlaw-8367	622	63	does	do	AUX
taxlaw-8367	622	64	not	not	PART
taxlaw-8367	622	65	qualify	qualify	VERB
taxlaw-8367	622	66	as	as	ADP
taxlaw-8367	622	67	a	a	DET
taxlaw-8367	622	68	disposition	disposition	NOUN
taxlaw-8367	622	69	,	,	PUNCT
taxlaw-8367	622	70	then	then	ADV
taxlaw-8367	622	71	a	a	DET
taxlaw-8367	622	72	transfer	transfer	NOUN
taxlaw-8367	622	73	to	to	ADP
taxlaw-8367	622	74	the	the	DET
taxlaw-8367	622	75	lender	lender	NOUN
taxlaw-8367	622	76	of	of	ADP
taxlaw-8367	622	77	rights	right	NOUN
taxlaw-8367	622	78	significantly	significantly	ADV
taxlaw-8367	622	79	less	less	ADV
taxlaw-8367	622	80	extensive	extensive	ADJ
taxlaw-8367	622	81	than	than	ADP
taxlaw-8367	622	82	these	these	PRON
taxlaw-8367	622	83	does	do	AUX
taxlaw-8367	622	84	not	not	PART
taxlaw-8367	622	85	either	either	ADV
taxlaw-8367	622	86	.	.	PUNCT
taxlaw-8367	623	1	with	with	ADP
taxlaw-8367	623	2	respect	respect	NOUN
taxlaw-8367	623	3	to	to	ADP
taxlaw-8367	623	4	zero	zero	NUM
taxlaw-8367	623	5	-	-	PUNCT
taxlaw-8367	623	6	basis	basis	NOUN
taxlaw-8367	623	7	services	service	NOUN
taxlaw-8367	623	8	,	,	PUNCT
taxlaw-8367	623	9	the	the	DET
taxlaw-8367	623	10	question	question	NOUN
taxlaw-8367	623	11	is	be	AUX
taxlaw-8367	623	12	closer	close	ADJ
taxlaw-8367	623	13	,	,	PUNCT
taxlaw-8367	623	14	though	though	SCONJ
taxlaw-8367	623	15	of	of	ADP
taxlaw-8367	623	16	less	less	ADV
taxlaw-8367	623	17	practical	practical	ADJ
taxlaw-8367	623	18	importance	importance	NOUN
taxlaw-8367	623	19	.	.	PUNCT
taxlaw-8367	624	1	the	the	DET
taxlaw-8367	624	2	lender	lender	NOUN
taxlaw-8367	624	3	receives	receive	VERB
taxlaw-8367	624	4	the	the	DET
taxlaw-8367	624	5	full	full	ADJ
taxlaw-8367	624	6	benefit	benefit	NOUN
taxlaw-8367	624	7	of	of	ADP
taxlaw-8367	624	8	the	the	DET
taxlaw-8367	624	9	services	service	NOUN
taxlaw-8367	624	10	,	,	PUNCT
taxlaw-8367	624	11	which	which	PRON
taxlaw-8367	624	12	means	mean	VERB
taxlaw-8367	624	13	there	there	PRON
taxlaw-8367	624	14	is	be	VERB
taxlaw-8367	624	15	no	no	DET
taxlaw-8367	624	16	reservation	reservation	NOUN
taxlaw-8367	624	17	of	of	ADP
taxlaw-8367	624	18	rights	right	NOUN
taxlaw-8367	624	19	with	with	ADP
taxlaw-8367	624	20	respect	respect	NOUN
taxlaw-8367	624	21	to	to	ADP
taxlaw-8367	624	22	them	they	PRON
taxlaw-8367	624	23	and	and	CCONJ
taxlaw-8367	624	24	the	the	DET
taxlaw-8367	624	25	transfer	transfer	NOUN
taxlaw-8367	624	26	is	be	AUX
taxlaw-8367	624	27	complete	complete	ADJ
taxlaw-8367	624	28	.	.	PUNCT
taxlaw-8367	625	1	on	on	ADP
taxlaw-8367	625	2	the	the	DET
taxlaw-8367	625	3	other	other	ADJ
taxlaw-8367	625	4	hand	hand	NOUN
taxlaw-8367	625	5	,	,	PUNCT
taxlaw-8367	625	6	in	in	ADP
taxlaw-8367	625	7	nearly	nearly	ADV
taxlaw-8367	625	8	all	all	PRON
taxlaw-8367	625	9	cases	case	NOUN
taxlaw-8367	625	10	,	,	PUNCT
taxlaw-8367	625	11	the	the	DET
taxlaw-8367	625	12	value	value	NOUN
taxlaw-8367	625	13	of	of	ADP
taxlaw-8367	625	14	the	the	DET
taxlaw-8367	625	15	services	service	NOUN
taxlaw-8367	625	16	will	will	AUX
taxlaw-8367	625	17	be	be	AUX
taxlaw-8367	625	18	either	either	CCONJ
taxlaw-8367	625	19	de	de	X
taxlaw-8367	625	20	minimis	minimis	NOUN
taxlaw-8367	625	21	(	(	PUNCT
taxlaw-8367	625	22	in	in	ADP
taxlaw-8367	625	23	the	the	DET
taxlaw-8367	625	24	case	case	NOUN
taxlaw-8367	625	25	of	of	ADP
taxlaw-8367	625	26	personal	personal	ADJ
taxlaw-8367	625	27	loans	loan	NOUN
taxlaw-8367	625	28	)	)	PUNCT
taxlaw-8367	625	29	or	or	CCONJ
taxlaw-8367	625	30	deductible	deductible	ADJ
taxlaw-8367	625	31	as	as	ADP
taxlaw-8367	625	32	an	an	DET
taxlaw-8367	625	33	ordinary	ordinary	ADJ
taxlaw-8367	625	34	business	business	NOUN
taxlaw-8367	625	35	expense	expense	NOUN
taxlaw-8367	625	36	(	(	PUNCT
taxlaw-8367	625	37	in	in	ADP
taxlaw-8367	625	38	the	the	DET
taxlaw-8367	625	39	case	case	NOUN
taxlaw-8367	625	40	of	of	ADP
taxlaw-8367	625	41	business	business	NOUN
taxlaw-8367	625	42	loans).121	loans).121	VERB
taxlaw-8367	625	43	for	for	ADP
taxlaw-8367	625	44	example	example	NOUN
taxlaw-8367	625	45	,	,	PUNCT
taxlaw-8367	625	46	a	a	DET
taxlaw-8367	625	47	homeowner	homeowner	NOUN
taxlaw-8367	625	48	’s	’s	PART
taxlaw-8367	625	49	agreement	agreement	NOUN
taxlaw-8367	625	50	with	with	ADP
taxlaw-8367	625	51	the	the	DET
taxlaw-8367	625	52	mortgagee	mortgagee	NOUN
taxlaw-8367	625	53	to	to	PART
taxlaw-8367	625	54	maintain	maintain	VERB
taxlaw-8367	625	55	the	the	DET
taxlaw-8367	625	56	property	property	NOUN
taxlaw-8367	625	57	in	in	ADP
taxlaw-8367	625	58	good	good	ADJ
taxlaw-8367	625	59	condition	condition	NOUN
taxlaw-8367	625	60	is	be	AUX
taxlaw-8367	625	61	unlikely	unlikely	ADJ
taxlaw-8367	625	62	to	to	PART
taxlaw-8367	625	63	result	result	VERB
taxlaw-8367	625	64	in	in	ADP
taxlaw-8367	625	65	any	any	DET
taxlaw-8367	625	66	conduct	conduct	NOUN
taxlaw-8367	625	67	different	different	ADJ
taxlaw-8367	625	68	from	from	ADP
taxlaw-8367	625	69	what	what	PRON
taxlaw-8367	625	70	she	she	PRON
taxlaw-8367	625	71	would	would	AUX
taxlaw-8367	625	72	have	have	AUX
taxlaw-8367	625	73	done	do	VERB
taxlaw-8367	625	74	without	without	ADP
taxlaw-8367	625	75	the	the	DET
taxlaw-8367	625	76	mortgage	mortgage	NOUN
taxlaw-8367	625	77	.	.	PUNCT
taxlaw-8367	626	1	in	in	ADP
taxlaw-8367	626	2	the	the	DET
taxlaw-8367	626	3	case	case	NOUN
taxlaw-8367	626	4	of	of	ADP
taxlaw-8367	626	5	a	a	DET
taxlaw-8367	626	6	business	business	NOUN
taxlaw-8367	626	7	borrower	borrower	NOUN
taxlaw-8367	626	8	,	,	PUNCT
taxlaw-8367	626	9	compliance	compliance	NOUN
taxlaw-8367	626	10	with	with	ADP
taxlaw-8367	626	11	covenants	covenant	NOUN
taxlaw-8367	626	12	may	may	AUX
taxlaw-8367	626	13	be	be	AUX
taxlaw-8367	626	14	both	both	PRON
taxlaw-8367	626	15	more	more	ADV
taxlaw-8367	626	16	substantial	substantial	ADJ
taxlaw-8367	626	17	than	than	ADP
taxlaw-8367	626	18	in	in	ADP
taxlaw-8367	626	19	the	the	DET
taxlaw-8367	626	20	personal	personal	ADJ
taxlaw-8367	626	21	loan	loan	NOUN
taxlaw-8367	626	22	setting	setting	NOUN
taxlaw-8367	626	23	and	and	CCONJ
taxlaw-8367	626	24	involve	involve	VERB
taxlaw-8367	626	25	conduct	conduct	NOUN
taxlaw-8367	626	26	that	that	PRON
taxlaw-8367	626	27	would	would	AUX
taxlaw-8367	626	28	not	not	PART
taxlaw-8367	626	29	otherwise	otherwise	ADV
taxlaw-8367	626	30	occur	occur	VERB
taxlaw-8367	626	31	,	,	PUNCT
taxlaw-8367	626	32	but	but	CCONJ
taxlaw-8367	626	33	because	because	SCONJ
taxlaw-8367	626	34	undertaken	undertake	VERB
taxlaw-8367	626	35	as	as	ADP
taxlaw-8367	626	36	part	part	NOUN
taxlaw-8367	626	37	of	of	ADP
taxlaw-8367	626	38	the	the	DET
taxlaw-8367	626	39	regular	regular	ADJ
taxlaw-8367	626	40	conduct	conduct	NOUN
taxlaw-8367	626	41	of	of	ADP
taxlaw-8367	626	42	the	the	DET
taxlaw-8367	626	43	business	business	NOUN
taxlaw-8367	626	44	,	,	PUNCT
taxlaw-8367	626	45	generally	generally	ADV
taxlaw-8367	626	46	deductible	deductible	ADJ
taxlaw-8367	626	47	under	under	ADP
taxlaw-8367	626	48	section	section	NOUN
taxlaw-8367	626	49	162.122	162.122	NUM
taxlaw-8367	626	50	on	on	ADP
taxlaw-8367	626	51	the	the	DET
taxlaw-8367	626	52	lender	lender	NOUN
taxlaw-8367	626	53	side	side	NOUN
taxlaw-8367	626	54	,	,	PUNCT
taxlaw-8367	626	55	the	the	DET
taxlaw-8367	626	56	fact	fact	NOUN
taxlaw-8367	626	57	that	that	SCONJ
taxlaw-8367	626	58	the	the	DET
taxlaw-8367	626	59	benefit	benefit	NOUN
taxlaw-8367	626	60	of	of	ADP
taxlaw-8367	626	61	the	the	DET
taxlaw-8367	626	62	services	service	NOUN
taxlaw-8367	626	63	provided	provide	VERB
taxlaw-8367	626	64	is	be	AUX
taxlaw-8367	626	65	entirely	entirely	ADV
taxlaw-8367	626	66	business	business	NOUN
taxlaw-8367	626	67	in	in	ADP
taxlaw-8367	626	68	nature	nature	NOUN
taxlaw-8367	626	69	justifies	justify	VERB
taxlaw-8367	626	70	disregarding	disregard	VERB
taxlaw-8367	626	71	it	it	PRON
taxlaw-8367	626	72	for	for	ADP
taxlaw-8367	626	73	tax	tax	NOUN
taxlaw-8367	626	74	purposes	purpose	NOUN
taxlaw-8367	626	75	.	.	PUNCT
taxlaw-8367	627	1	it	it	PRON
taxlaw-8367	627	2	is	be	AUX
taxlaw-8367	627	3	analogous	analogous	ADJ
taxlaw-8367	627	4	to	to	ADP
taxlaw-8367	627	5	the	the	DET
taxlaw-8367	627	6	benefit	benefit	NOUN
taxlaw-8367	627	7	that	that	PRON
taxlaw-8367	627	8	a	a	DET
taxlaw-8367	627	9	business	business	NOUN
taxlaw-8367	627	10	owner	owner	NOUN
taxlaw-8367	627	11	receives	receive	VERB
taxlaw-8367	627	12	for	for	ADP
taxlaw-8367	627	13	deductible	deductible	ADJ
taxlaw-8367	627	14	services.123	services.123	NOUN
taxlaw-8367	627	15	in	in	ADP
taxlaw-8367	627	16	general	general	ADJ
taxlaw-8367	627	17	,	,	PUNCT
taxlaw-8367	627	18	the	the	DET
taxlaw-8367	627	19	owner	owner	NOUN
taxlaw-8367	627	20	has	have	VERB
taxlaw-8367	627	21	no	no	DET
taxlaw-8367	627	22	inclusion	inclusion	NOUN
taxlaw-8367	627	23	on	on	ADP
taxlaw-8367	627	24	receipt	receipt	NOUN
taxlaw-8367	627	25	of	of	ADP
taxlaw-8367	627	26	the	the	DET
taxlaw-8367	627	27	services	service	NOUN
taxlaw-8367	627	28	even	even	ADV
taxlaw-8367	627	29	though	though	SCONJ
taxlaw-8367	627	30	the	the	DET
taxlaw-8367	627	31	payment	payment	NOUN
taxlaw-8367	627	32	was	be	AUX
taxlaw-8367	627	33	deductible	deductible	ADJ
taxlaw-8367	627	34	.	.	PUNCT
taxlaw-8367	628	1	instead	instead	ADV
taxlaw-8367	628	2	,	,	PUNCT
taxlaw-8367	628	3	the	the	DET
taxlaw-8367	628	4	inclusion	inclusion	NOUN
taxlaw-8367	628	5	happens	happen	VERB
taxlaw-8367	628	6	on	on	ADP
taxlaw-8367	628	7	a	a	DET
taxlaw-8367	628	8	later	later	ADJ
taxlaw-8367	628	9	disposition	disposition	NOUN
taxlaw-8367	628	10	of	of	ADP
taxlaw-8367	628	11	goods	good	NOUN
taxlaw-8367	628	12	or	or	CCONJ
taxlaw-8367	628	13	services	service	NOUN
taxlaw-8367	628	14	thereby	thereby	ADV
taxlaw-8367	628	15	financed	finance	VERB
taxlaw-8367	628	16	,	,	PUNCT
taxlaw-8367	628	17	the	the	DET
taxlaw-8367	628	18	cost	cost	NOUN
taxlaw-8367	628	19	of	of	ADP
taxlaw-8367	628	20	which	which	PRON
taxlaw-8367	628	21	does	do	AUX
taxlaw-8367	628	22	not	not	PART
taxlaw-8367	628	23	include	include	VERB
taxlaw-8367	628	24	the	the	DET
taxlaw-8367	628	25	amount	amount	NOUN
taxlaw-8367	628	26	paid	pay	VERB
taxlaw-8367	628	27	for	for	ADP
taxlaw-8367	628	28	the	the	DET
taxlaw-8367	628	29	deductible	deductible	ADJ
taxlaw-8367	628	30	services	service	NOUN
taxlaw-8367	628	31	.	.	PUNCT
taxlaw-8367	629	1	in	in	ADP
taxlaw-8367	629	2	the	the	DET
taxlaw-8367	629	3	case	case	NOUN
taxlaw-8367	629	4	of	of	ADP
taxlaw-8367	629	5	a	a	DET
taxlaw-8367	629	6	borrower	borrower	NOUN
taxlaw-8367	629	7	’s	’s	PART
taxlaw-8367	629	8	execution	execution	NOUN
taxlaw-8367	629	9	of	of	ADP
taxlaw-8367	629	10	loan	loan	NOUN
taxlaw-8367	629	11	covenants	covenant	NOUN
taxlaw-8367	629	12	or	or	CCONJ
taxlaw-8367	629	13	the	the	DET
taxlaw-8367	629	14	provision	provision	NOUN
taxlaw-8367	629	15	of	of	ADP
taxlaw-8367	629	16	security	security	NOUN
taxlaw-8367	629	17	,	,	PUNCT
taxlaw-8367	629	18	the	the	DET
taxlaw-8367	629	19	lender	lender	NOUN
taxlaw-8367	629	20	obtains	obtain	VERB
taxlaw-8367	629	21	assurances	assurance	NOUN
taxlaw-8367	629	22	that	that	PRON
taxlaw-8367	629	23	advance	advance	VERB
taxlaw-8367	629	24	its	its	PRON
taxlaw-8367	629	25	business	business	NOUN
taxlaw-8367	629	26	purposes	purpose	NOUN
taxlaw-8367	629	27	but	but	CCONJ
taxlaw-8367	629	28	provide	provide	VERB
taxlaw-8367	629	29	no	no	DET
taxlaw-8367	629	30	personal	personal	ADJ
taxlaw-8367	629	31	benefit	benefit	NOUN
taxlaw-8367	629	32	.	.	PUNCT
taxlaw-8367	630	1	instead	instead	ADV
taxlaw-8367	630	2	,	,	PUNCT
taxlaw-8367	630	3	the	the	DET
taxlaw-8367	630	4	117	117	NUM
taxlaw-8367	630	5	borrower	borrower	NOUN
taxlaw-8367	630	6	covenants	covenant	NOUN
taxlaw-8367	630	7	are	be	AUX
taxlaw-8367	630	8	common	common	ADJ
taxlaw-8367	630	9	features	feature	NOUN
taxlaw-8367	630	10	of	of	ADP
taxlaw-8367	630	11	lending	lending	NOUN
taxlaw-8367	630	12	transactions	transaction	NOUN
taxlaw-8367	630	13	.	.	PUNCT
taxlaw-8367	631	1	nada	nada	PROPN
taxlaw-8367	631	2	mora	mora	PROPN
taxlaw-8367	631	3	,	,	PUNCT
taxlaw-8367	631	4	lender	lender	NOUN
taxlaw-8367	631	5	exposure	exposure	NOUN
taxlaw-8367	631	6	and	and	CCONJ
taxlaw-8367	631	7	effort	effort	NOUN
taxlaw-8367	631	8	in	in	ADP
taxlaw-8367	631	9	the	the	DET
taxlaw-8367	631	10	syndicated	syndicate	VERB
taxlaw-8367	631	11	loan	loan	NOUN
taxlaw-8367	631	12	market	market	NOUN
taxlaw-8367	631	13	,	,	PUNCT
taxlaw-8367	631	14	82	82	NUM
taxlaw-8367	631	15	j.	j.	PROPN
taxlaw-8367	631	16	risk	risk	PROPN
taxlaw-8367	631	17	&	&	CCONJ
taxlaw-8367	631	18	ins	ins	PROPN
taxlaw-8367	631	19	.	.	PROPN
taxlaw-8367	631	20	205	205	NUM
taxlaw-8367	631	21	,	,	PUNCT
taxlaw-8367	631	22	208	208	NUM
taxlaw-8367	631	23	(	(	PUNCT
taxlaw-8367	631	24	2015	2015	NUM
taxlaw-8367	631	25	)	)	PUNCT
taxlaw-8367	631	26	.	.	PUNCT
taxlaw-8367	632	1	118	118	NUM
taxlaw-8367	632	2	i.r.c	i.r.c	NOUN
taxlaw-8367	632	3	.	.	PUNCT
taxlaw-8367	633	1	§	§	PROPN
taxlaw-8367	633	2	1001(a	1001(a	NUM
taxlaw-8367	633	3	)	)	PUNCT
taxlaw-8367	633	4	.	.	PUNCT
taxlaw-8367	634	1	119	119	NUM
taxlaw-8367	634	2	rev	rev	VERB
taxlaw-8367	634	3	.	.	PUNCT
taxlaw-8367	635	1	rul	rul	NOUN
taxlaw-8367	635	2	.	.	PUNCT
taxlaw-8367	636	1	78–182	78–182	PROPN
taxlaw-8367	636	2	,	,	PUNCT
taxlaw-8367	636	3	1978–1	1978–1	PROPN
taxlaw-8367	636	4	c.b	c.b	PROPN
taxlaw-8367	636	5	.	.	PROPN
taxlaw-8367	636	6	265	265	NUM
taxlaw-8367	636	7	(	(	PUNCT
taxlaw-8367	636	8	describing	describe	VERB
taxlaw-8367	636	9	option	option	NOUN
taxlaw-8367	636	10	rules	rule	NOUN
taxlaw-8367	636	11	)	)	PUNCT
taxlaw-8367	636	12	.	.	PUNCT
taxlaw-8367	637	1	for	for	ADP
taxlaw-8367	637	2	deep	deep	ADJ
taxlaw-8367	637	3	-	-	PUNCT
taxlaw-8367	637	4	in	in	ADP
taxlaw-8367	637	5	-	-	PUNCT
taxlaw-8367	637	6	the	the	DET
taxlaw-8367	637	7	-	-	PUNCT
taxlaw-8367	637	8	money	money	NOUN
taxlaw-8367	637	9	options	option	NOUN
taxlaw-8367	637	10	,	,	PUNCT
taxlaw-8367	637	11	see	see	VERB
taxlaw-8367	637	12	,	,	PUNCT
taxlaw-8367	637	13	e.g.	e.g.	ADV
taxlaw-8367	637	14	,	,	PUNCT
taxlaw-8367	637	15	progressive	progressive	PROPN
taxlaw-8367	637	16	corp	corp	PROPN
taxlaw-8367	637	17	.	.	PROPN
taxlaw-8367	637	18	&	&	CCONJ
taxlaw-8367	637	19	subsidiaries	subsidiary	NOUN
taxlaw-8367	637	20	.	.	PUNCT
taxlaw-8367	638	1	v.	v.	CCONJ
taxlaw-8367	638	2	u.s	u.s	PROPN
taxlaw-8367	638	3	.	.	PROPN
taxlaw-8367	638	4	,	,	PUNCT
taxlaw-8367	638	5	970	970	NUM
taxlaw-8367	638	6	f.2d	f.2d	NOUN
taxlaw-8367	638	7	188	188	NUM
taxlaw-8367	638	8	(	(	PUNCT
taxlaw-8367	638	9	6th	6th	ADJ
taxlaw-8367	638	10	cir	cir	NOUN
taxlaw-8367	638	11	.	.	PROPN
taxlaw-8367	638	12	1992	1992	NUM
taxlaw-8367	638	13	)	)	PUNCT
taxlaw-8367	638	14	.	.	PUNCT
taxlaw-8367	639	1	120	120	NUM
taxlaw-8367	639	2	see	see	VERB
taxlaw-8367	639	3	,	,	PUNCT
taxlaw-8367	639	4	e.g.	e.g.	ADV
taxlaw-8367	639	5	,	,	PUNCT
taxlaw-8367	639	6	rev	rev	PROPN
taxlaw-8367	639	7	.	.	PROPN
taxlaw-8367	639	8	rul	rul	NOUN
taxlaw-8367	639	9	.	.	PUNCT
taxlaw-8367	640	1	55	55	NUM
taxlaw-8367	640	2	-	-	SYM
taxlaw-8367	640	3	540	540	NUM
taxlaw-8367	640	4	,	,	PUNCT
taxlaw-8367	640	5	1955	1955	NUM
taxlaw-8367	640	6	-	-	SYM
taxlaw-8367	640	7	2	2	NUM
taxlaw-8367	640	8	c.b	c.b	PROPN
taxlaw-8367	640	9	.	.	PROPN
taxlaw-8367	640	10	39	39	NUM
taxlaw-8367	640	11	,	,	PUNCT
taxlaw-8367	640	12	§	§	PROPN
taxlaw-8367	640	13	3.01	3.01	NUM
taxlaw-8367	640	14	(	(	PUNCT
taxlaw-8367	640	15	discussing	discuss	VERB
taxlaw-8367	640	16	differences	difference	NOUN
taxlaw-8367	640	17	between	between	ADP
taxlaw-8367	640	18	leases	lease	NOUN
taxlaw-8367	640	19	and	and	CCONJ
taxlaw-8367	640	20	conditional	conditional	ADJ
taxlaw-8367	640	21	sales	sale	NOUN
taxlaw-8367	640	22	and	and	CCONJ
taxlaw-8367	640	23	noting	note	VERB
taxlaw-8367	640	24	that	that	SCONJ
taxlaw-8367	640	25	in	in	ADP
taxlaw-8367	640	26	a	a	DET
taxlaw-8367	640	27	genuine	genuine	ADJ
taxlaw-8367	640	28	lease	lease	NOUN
taxlaw-8367	640	29	,	,	PUNCT
taxlaw-8367	640	30	incidents	incident	NOUN
taxlaw-8367	640	31	of	of	ADP
taxlaw-8367	640	32	ownership	ownership	NOUN
taxlaw-8367	640	33	do	do	AUX
taxlaw-8367	640	34	not	not	PART
taxlaw-8367	640	35	pass	pass	VERB
taxlaw-8367	640	36	to	to	ADP
taxlaw-8367	640	37	the	the	DET
taxlaw-8367	640	38	lessee	lessee	NOUN
taxlaw-8367	640	39	)	)	PUNCT
taxlaw-8367	640	40	.	.	PUNCT
taxlaw-8367	641	1	121	121	NUM
taxlaw-8367	641	2	i.r.c	i.r.c	NOUN
taxlaw-8367	641	3	.	.	PUNCT
taxlaw-8367	642	1	§	§	PROPN
taxlaw-8367	642	2	162(a	162(a	PROPN
taxlaw-8367	642	3	)	)	PUNCT
taxlaw-8367	642	4	.	.	PUNCT
taxlaw-8367	643	1	122	122	NUM
taxlaw-8367	643	2	an	an	DET
taxlaw-8367	643	3	exception	exception	NOUN
taxlaw-8367	643	4	would	would	AUX
taxlaw-8367	643	5	apply	apply	VERB
taxlaw-8367	643	6	where	where	SCONJ
taxlaw-8367	643	7	the	the	DET
taxlaw-8367	643	8	loan	loan	NOUN
taxlaw-8367	643	9	finances	finance	VERB
taxlaw-8367	643	10	the	the	DET
taxlaw-8367	643	11	production	production	NOUN
taxlaw-8367	643	12	of	of	ADP
taxlaw-8367	643	13	identifiable	identifiable	ADJ
taxlaw-8367	643	14	property	property	NOUN
taxlaw-8367	643	15	.	.	PUNCT
taxlaw-8367	644	1	see	see	VERB
taxlaw-8367	644	2	,	,	PUNCT
taxlaw-8367	644	3	e.g.	e.g.	ADV
taxlaw-8367	644	4	,	,	PUNCT
taxlaw-8367	644	5	i.r.c	i.r.c	NOUN
taxlaw-8367	644	6	.	.	PUNCT
taxlaw-8367	645	1	§	§	PROPN
taxlaw-8367	645	2	263a(a)(1	263a(a)(1	NUM
taxlaw-8367	645	3	)	)	PUNCT
taxlaw-8367	645	4	(	(	PUNCT
taxlaw-8367	645	5	requiring	require	VERB
taxlaw-8367	645	6	capitalization	capitalization	NOUN
taxlaw-8367	645	7	of	of	ADP
taxlaw-8367	645	8	certain	certain	ADJ
taxlaw-8367	645	9	otherwise	otherwise	ADV
taxlaw-8367	645	10	deductible	deductible	ADJ
taxlaw-8367	645	11	expenditures	expenditure	NOUN
taxlaw-8367	645	12	into	into	ADP
taxlaw-8367	645	13	basis	basis	NOUN
taxlaw-8367	645	14	or	or	CCONJ
taxlaw-8367	645	15	the	the	DET
taxlaw-8367	645	16	cost	cost	NOUN
taxlaw-8367	645	17	of	of	ADP
taxlaw-8367	645	18	goods	good	NOUN
taxlaw-8367	645	19	sold	sell	VERB
taxlaw-8367	645	20	)	)	PUNCT
taxlaw-8367	645	21	.	.	PUNCT
taxlaw-8367	646	1	in	in	ADP
taxlaw-8367	646	2	these	these	DET
taxlaw-8367	646	3	cases	case	NOUN
taxlaw-8367	646	4	,	,	PUNCT
taxlaw-8367	646	5	an	an	DET
taxlaw-8367	646	6	inclusion	inclusion	NOUN
taxlaw-8367	646	7	on	on	ADP
taxlaw-8367	646	8	performance	performance	NOUN
taxlaw-8367	646	9	would	would	AUX
taxlaw-8367	646	10	occur	occur	VERB
taxlaw-8367	646	11	but	but	CCONJ
taxlaw-8367	646	12	the	the	DET
taxlaw-8367	646	13	cost	cost	NOUN
taxlaw-8367	646	14	typically	typically	ADV
taxlaw-8367	646	15	would	would	AUX
taxlaw-8367	646	16	be	be	AUX
taxlaw-8367	646	17	recovered	recover	VERB
taxlaw-8367	646	18	on	on	ADP
taxlaw-8367	646	19	later	later	ADJ
taxlaw-8367	646	20	disposition	disposition	NOUN
taxlaw-8367	646	21	of	of	ADP
taxlaw-8367	646	22	the	the	DET
taxlaw-8367	646	23	property	property	NOUN
taxlaw-8367	646	24	thereby	thereby	ADV
taxlaw-8367	646	25	financed	finance	VERB
taxlaw-8367	646	26	.	.	PUNCT
taxlaw-8367	647	1	see	see	VERB
taxlaw-8367	647	2	i.r.c	i.r.c	NOUN
taxlaw-8367	647	3	.	.	PUNCT
taxlaw-8367	648	1	§	§	PROPN
taxlaw-8367	648	2	1016(a)(1	1016(a)(1	NUM
taxlaw-8367	648	3	)	)	PUNCT
taxlaw-8367	649	1	(	(	PUNCT
taxlaw-8367	649	2	providing	provide	VERB
taxlaw-8367	649	3	for	for	ADP
taxlaw-8367	649	4	adjustment	adjustment	NOUN
taxlaw-8367	649	5	to	to	PART
taxlaw-8367	649	6	basis	basis	VERB
taxlaw-8367	649	7	for	for	ADP
taxlaw-8367	649	8	,	,	PUNCT
taxlaw-8367	649	9	among	among	ADP
taxlaw-8367	649	10	other	other	ADJ
taxlaw-8367	649	11	things	thing	NOUN
taxlaw-8367	649	12	,	,	PUNCT
taxlaw-8367	649	13	outlays	outlay	NOUN
taxlaw-8367	649	14	“	"	PUNCT
taxlaw-8367	649	15	properly	properly	ADV
taxlaw-8367	649	16	chargeable	chargeable	ADJ
taxlaw-8367	649	17	to	to	ADP
taxlaw-8367	649	18	capital	capital	NOUN
taxlaw-8367	649	19	account	account	NOUN
taxlaw-8367	649	20	.	.	PUNCT
taxlaw-8367	649	21	”	"	PUNCT
taxlaw-8367	650	1	123	123	NUM
taxlaw-8367	650	2	see	see	VERB
taxlaw-8367	650	3	infra	infra	NOUN
taxlaw-8367	650	4	part	part	NOUN
taxlaw-8367	650	5	iii.d	iii.d	NOUN
taxlaw-8367	650	6	for	for	ADP
taxlaw-8367	650	7	a	a	DET
taxlaw-8367	650	8	discussion	discussion	NOUN
taxlaw-8367	650	9	of	of	ADP
taxlaw-8367	650	10	the	the	DET
taxlaw-8367	650	11	tax	tax	NOUN
taxlaw-8367	650	12	treatment	treatment	NOUN
taxlaw-8367	650	13	of	of	ADP
taxlaw-8367	650	14	the	the	DET
taxlaw-8367	650	15	receipt	receipt	NOUN
taxlaw-8367	650	16	of	of	ADP
taxlaw-8367	650	17	deductible	deductible	ADJ
taxlaw-8367	650	18	services	service	NOUN
taxlaw-8367	650	19	.	.	PUNCT
taxlaw-8367	651	1	2021	2021	NUM
taxlaw-8367	651	2	]	]	PUNCT
taxlaw-8367	651	3	debt	debt	NOUN
taxlaw-8367	651	4	and	and	CCONJ
taxlaw-8367	651	5	taxes	taxis	NOUN
taxlaw-8367	651	6	113	113	NUM
taxlaw-8367	651	7	benefits	benefit	NOUN
taxlaw-8367	651	8	show	show	VERB
taxlaw-8367	651	9	up	up	ADP
taxlaw-8367	651	10	in	in	ADP
taxlaw-8367	651	11	the	the	DET
taxlaw-8367	651	12	greater	great	ADJ
taxlaw-8367	651	13	profits	profit	NOUN
taxlaw-8367	651	14	the	the	DET
taxlaw-8367	651	15	lender	lender	NOUN
taxlaw-8367	651	16	earns	earn	VERB
taxlaw-8367	651	17	by	by	ADP
taxlaw-8367	651	18	reason	reason	NOUN
taxlaw-8367	651	19	of	of	ADP
taxlaw-8367	651	20	conducting	conduct	VERB
taxlaw-8367	651	21	its	its	PRON
taxlaw-8367	651	22	business	business	NOUN
taxlaw-8367	651	23	properly	properly	ADV
taxlaw-8367	651	24	.	.	PUNCT
taxlaw-8367	652	1	these	these	DET
taxlaw-8367	652	2	profits	profit	NOUN
taxlaw-8367	652	3	are	be	AUX
taxlaw-8367	652	4	,	,	PUNCT
taxlaw-8367	652	5	of	of	ADP
taxlaw-8367	652	6	course	course	NOUN
taxlaw-8367	652	7	,	,	PUNCT
taxlaw-8367	652	8	taxable.124	taxable.124	ADP
taxlaw-8367	652	9	3	3	X
taxlaw-8367	652	10	.	.	PUNCT
taxlaw-8367	652	11	taxation	taxation	NOUN
taxlaw-8367	652	12	of	of	ADP
taxlaw-8367	652	13	doi	doi	NOUN
taxlaw-8367	652	14	given	give	VERB
taxlaw-8367	652	15	that	that	SCONJ
taxlaw-8367	652	16	the	the	DET
taxlaw-8367	652	17	borrower	borrower	NOUN
taxlaw-8367	652	18	acquires	acquire	VERB
taxlaw-8367	652	19	no	no	DET
taxlaw-8367	652	20	interest	interest	NOUN
taxlaw-8367	652	21	in	in	ADP
taxlaw-8367	652	22	the	the	DET
taxlaw-8367	652	23	remainder	remainder	NOUN
taxlaw-8367	652	24	when	when	SCONJ
taxlaw-8367	652	25	the	the	DET
taxlaw-8367	652	26	loan	loan	NOUN
taxlaw-8367	652	27	is	be	AUX
taxlaw-8367	652	28	extended	extend	VERB
taxlaw-8367	652	29	,	,	PUNCT
taxlaw-8367	652	30	the	the	DET
taxlaw-8367	652	31	release	release	NOUN
taxlaw-8367	652	32	of	of	ADP
taxlaw-8367	652	33	the	the	DET
taxlaw-8367	652	34	borrower	borrower	NOUN
taxlaw-8367	652	35	from	from	ADP
taxlaw-8367	652	36	repayment	repayment	NOUN
taxlaw-8367	652	37	because	because	SCONJ
taxlaw-8367	652	38	it	it	PRON
taxlaw-8367	652	39	is	be	AUX
taxlaw-8367	652	40	uncollectible	uncollectible	ADJ
taxlaw-8367	652	41	is	be	AUX
taxlaw-8367	652	42	a	a	DET
taxlaw-8367	652	43	simple	simple	ADJ
taxlaw-8367	652	44	and	and	CCONJ
taxlaw-8367	652	45	straightforward	straightforward	ADJ
taxlaw-8367	652	46	accession	accession	NOUN
taxlaw-8367	652	47	to	to	ADP
taxlaw-8367	652	48	wealth	wealth	NOUN
taxlaw-8367	652	49	:	:	PUNCT
taxlaw-8367	652	50	the	the	DET
taxlaw-8367	652	51	borrower	borrower	NOUN
taxlaw-8367	652	52	in	in	ADP
taxlaw-8367	652	53	effect	effect	NOUN
taxlaw-8367	652	54	appropriates	appropriate	VERB
taxlaw-8367	652	55	the	the	DET
taxlaw-8367	652	56	portion	portion	NOUN
taxlaw-8367	652	57	of	of	ADP
taxlaw-8367	652	58	the	the	DET
taxlaw-8367	652	59	remainder	remainder	NOUN
taxlaw-8367	652	60	that	that	PRON
taxlaw-8367	652	61	is	be	AUX
taxlaw-8367	652	62	canceled	cancel	VERB
taxlaw-8367	652	63	at	at	ADP
taxlaw-8367	652	64	the	the	DET
taxlaw-8367	652	65	time	time	NOUN
taxlaw-8367	652	66	of	of	ADP
taxlaw-8367	652	67	cancellation	cancellation	NOUN
taxlaw-8367	652	68	.	.	PUNCT
taxlaw-8367	653	1	no	no	DET
taxlaw-8367	653	2	special	special	ADJ
taxlaw-8367	653	3	theory	theory	NOUN
taxlaw-8367	653	4	,	,	PUNCT
taxlaw-8367	653	5	be	be	AUX
taxlaw-8367	653	6	it	it	PRON
taxlaw-8367	653	7	analogy	analogy	NOUN
taxlaw-8367	653	8	to	to	ADP
taxlaw-8367	653	9	the	the	DET
taxlaw-8367	653	10	tbr	tbr	NOUN
taxlaw-8367	653	11	,	,	PUNCT
taxlaw-8367	653	12	the	the	DET
taxlaw-8367	653	13	freeing	freeing	NOUN
taxlaw-8367	653	14	of	of	ADP
taxlaw-8367	653	15	assets	asset	NOUN
taxlaw-8367	653	16	rationale	rationale	NOUN
taxlaw-8367	653	17	,	,	PUNCT
taxlaw-8367	653	18	or	or	CCONJ
taxlaw-8367	653	19	the	the	DET
taxlaw-8367	653	20	overall	overall	ADJ
taxlaw-8367	653	21	balance	balance	NOUN
taxlaw-8367	653	22	sheet	sheet	NOUN
taxlaw-8367	653	23	rationale	rationale	NOUN
taxlaw-8367	653	24	is	be	AUX
taxlaw-8367	653	25	necessary	necessary	ADJ
taxlaw-8367	653	26	to	to	PART
taxlaw-8367	653	27	explain	explain	VERB
taxlaw-8367	653	28	why	why	SCONJ
taxlaw-8367	653	29	the	the	DET
taxlaw-8367	653	30	debtor	debtor	NOUN
taxlaw-8367	653	31	has	have	VERB
taxlaw-8367	653	32	income	income	NOUN
taxlaw-8367	653	33	on	on	ADP
taxlaw-8367	653	34	cancellation	cancellation	NOUN
taxlaw-8367	653	35	.	.	PUNCT
taxlaw-8367	654	1	assume	assume	VERB
taxlaw-8367	654	2	borrower	borrower	NOUN
taxlaw-8367	654	3	borrowed	borrow	VERB
taxlaw-8367	654	4	$	$	SYM
taxlaw-8367	654	5	1,000	1,000	NUM
taxlaw-8367	654	6	from	from	ADP
taxlaw-8367	654	7	lender	lender	NOUN
taxlaw-8367	654	8	in	in	ADP
taxlaw-8367	654	9	year	year	NOUN
taxlaw-8367	654	10	1	1	NUM
taxlaw-8367	654	11	on	on	ADP
taxlaw-8367	654	12	a	a	DET
taxlaw-8367	654	13	recourse	recourse	NOUN
taxlaw-8367	654	14	basis	basis	NOUN
taxlaw-8367	654	15	.	.	PUNCT
taxlaw-8367	655	1	under	under	ADP
taxlaw-8367	655	2	the	the	DET
taxlaw-8367	655	3	loan	loan	NOUN
taxlaw-8367	655	4	terms	term	NOUN
taxlaw-8367	655	5	,	,	PUNCT
taxlaw-8367	655	6	interest	interest	NOUN
taxlaw-8367	655	7	only	only	ADV
taxlaw-8367	655	8	is	be	AUX
taxlaw-8367	655	9	due	due	ADJ
taxlaw-8367	655	10	until	until	ADP
taxlaw-8367	655	11	year	year	NOUN
taxlaw-8367	655	12	5	5	NUM
taxlaw-8367	655	13	,	,	PUNCT
taxlaw-8367	655	14	at	at	ADP
taxlaw-8367	655	15	which	which	DET
taxlaw-8367	655	16	point	point	NOUN
taxlaw-8367	655	17	the	the	DET
taxlaw-8367	655	18	full	full	ADJ
taxlaw-8367	655	19	principal	principal	NOUN
taxlaw-8367	655	20	is	be	AUX
taxlaw-8367	655	21	due	due	ADJ
taxlaw-8367	655	22	.	.	PUNCT
taxlaw-8367	656	1	borrower	borrower	NOUN
taxlaw-8367	656	2	makes	make	VERB
taxlaw-8367	656	3	all	all	DET
taxlaw-8367	656	4	interest	interest	NOUN
taxlaw-8367	656	5	payments	payment	NOUN
taxlaw-8367	656	6	as	as	ADP
taxlaw-8367	656	7	due	due	ADJ
taxlaw-8367	656	8	until	until	ADP
taxlaw-8367	656	9	the	the	DET
taxlaw-8367	656	10	first	first	ADJ
taxlaw-8367	656	11	day	day	NOUN
taxlaw-8367	656	12	of	of	ADP
taxlaw-8367	656	13	year	year	NOUN
taxlaw-8367	656	14	3	3	NUM
taxlaw-8367	656	15	,	,	PUNCT
taxlaw-8367	656	16	at	at	ADP
taxlaw-8367	656	17	which	which	DET
taxlaw-8367	656	18	point	point	NOUN
taxlaw-8367	656	19	she	she	PRON
taxlaw-8367	656	20	defaults	default	VERB
taxlaw-8367	656	21	and	and	CCONJ
taxlaw-8367	656	22	lender	lender	NOUN
taxlaw-8367	656	23	discharges	discharge	VERB
taxlaw-8367	656	24	the	the	DET
taxlaw-8367	656	25	loan	loan	NOUN
taxlaw-8367	656	26	as	as	ADP
taxlaw-8367	656	27	uncollectible	uncollectible	ADJ
taxlaw-8367	656	28	.	.	PUNCT
taxlaw-8367	657	1	the	the	DET
taxlaw-8367	657	2	“	"	PUNCT
taxlaw-8367	657	3	remainder	remainder	NOUN
taxlaw-8367	657	4	”	"	PUNCT
taxlaw-8367	657	5	here	here	ADV
taxlaw-8367	657	6	is	be	AUX
taxlaw-8367	657	7	simply	simply	ADV
taxlaw-8367	657	8	the	the	DET
taxlaw-8367	657	9	face	face	NOUN
taxlaw-8367	657	10	amount	amount	NOUN
taxlaw-8367	657	11	of	of	ADP
taxlaw-8367	657	12	the	the	DET
taxlaw-8367	657	13	principal	principal	NOUN
taxlaw-8367	657	14	,	,	PUNCT
taxlaw-8367	657	15	which	which	PRON
taxlaw-8367	657	16	at	at	ADP
taxlaw-8367	657	17	that	that	DET
taxlaw-8367	657	18	point	point	NOUN
taxlaw-8367	657	19	is	be	AUX
taxlaw-8367	657	20	economically	economically	ADV
taxlaw-8367	657	21	transferred	transfer	VERB
taxlaw-8367	657	22	to	to	ADP
taxlaw-8367	657	23	borrower	borrower	NOUN
taxlaw-8367	657	24	.	.	PUNCT
taxlaw-8367	658	1	lender	lender	NOUN
taxlaw-8367	658	2	has	have	VERB
taxlaw-8367	658	3	a	a	DET
taxlaw-8367	658	4	corresponding	correspond	VERB
taxlaw-8367	658	5	loss	loss	NOUN
taxlaw-8367	658	6	equal	equal	ADJ
taxlaw-8367	658	7	to	to	ADP
taxlaw-8367	658	8	the	the	DET
taxlaw-8367	658	9	face	face	NOUN
taxlaw-8367	658	10	amount	amount	NOUN
taxlaw-8367	658	11	of	of	ADP
taxlaw-8367	658	12	the	the	DET
taxlaw-8367	658	13	debt	debt	NOUN
taxlaw-8367	658	14	.	.	PUNCT
taxlaw-8367	659	1	there	there	PRON
taxlaw-8367	659	2	is	be	VERB
taxlaw-8367	659	3	no	no	DET
taxlaw-8367	659	4	need	need	NOUN
taxlaw-8367	659	5	to	to	PART
taxlaw-8367	659	6	relate	relate	VERB
taxlaw-8367	659	7	back	back	ADV
taxlaw-8367	659	8	to	to	ADP
taxlaw-8367	659	9	the	the	DET
taxlaw-8367	659	10	date	date	NOUN
taxlaw-8367	659	11	the	the	DET
taxlaw-8367	659	12	loan	loan	NOUN
taxlaw-8367	659	13	was	be	AUX
taxlaw-8367	659	14	extended	extend	VERB
taxlaw-8367	659	15	because	because	SCONJ
taxlaw-8367	659	16	the	the	DET
taxlaw-8367	659	17	loan	loan	NOUN
taxlaw-8367	659	18	proceeds	proceed	NOUN
taxlaw-8367	659	19	were	be	AUX
taxlaw-8367	659	20	not	not	PART
taxlaw-8367	659	21	transferred	transfer	VERB
taxlaw-8367	659	22	to	to	ADP
taxlaw-8367	659	23	borrower	borrower	NOUN
taxlaw-8367	659	24	on	on	ADP
taxlaw-8367	659	25	that	that	DET
taxlaw-8367	659	26	date	date	NOUN
taxlaw-8367	659	27	.	.	PUNCT
taxlaw-8367	660	1	rather	rather	ADV
taxlaw-8367	660	2	,	,	PUNCT
taxlaw-8367	660	3	current	current	ADJ
taxlaw-8367	660	4	use	use	NOUN
taxlaw-8367	660	5	was	be	AUX
taxlaw-8367	660	6	transferred	transfer	VERB
taxlaw-8367	660	7	and	and	CCONJ
taxlaw-8367	660	8	it	it	PRON
taxlaw-8367	660	9	is	be	AUX
taxlaw-8367	660	10	the	the	DET
taxlaw-8367	660	11	default	default	NOUN
taxlaw-8367	660	12	that	that	PRON
taxlaw-8367	660	13	effectuates	effectuate	VERB
taxlaw-8367	660	14	the	the	DET
taxlaw-8367	660	15	transfer	transfer	NOUN
taxlaw-8367	660	16	of	of	ADP
taxlaw-8367	660	17	the	the	DET
taxlaw-8367	660	18	fee	fee	NOUN
taxlaw-8367	660	19	interest	interest	NOUN
taxlaw-8367	660	20	.	.	PUNCT
taxlaw-8367	661	1	that	that	DET
taxlaw-8367	661	2	transfer	transfer	NOUN
taxlaw-8367	661	3	is	be	AUX
taxlaw-8367	661	4	a	a	DET
taxlaw-8367	661	5	simple	simple	ADJ
taxlaw-8367	661	6	accession	accession	NOUN
taxlaw-8367	661	7	to	to	ADP
taxlaw-8367	661	8	wealth	wealth	NOUN
taxlaw-8367	661	9	for	for	ADP
taxlaw-8367	661	10	the	the	DET
taxlaw-8367	661	11	borrower	borrower	NOUN
taxlaw-8367	661	12	and	and	CCONJ
taxlaw-8367	661	13	a	a	DET
taxlaw-8367	661	14	loss	loss	NOUN
taxlaw-8367	661	15	for	for	ADP
taxlaw-8367	661	16	the	the	DET
taxlaw-8367	661	17	lender	lender	NOUN
taxlaw-8367	661	18	at	at	ADP
taxlaw-8367	661	19	the	the	DET
taxlaw-8367	661	20	time	time	NOUN
taxlaw-8367	661	21	of	of	ADP
taxlaw-8367	661	22	default	default	NOUN
taxlaw-8367	661	23	.	.	PUNCT
taxlaw-8367	662	1	note	note	VERB
taxlaw-8367	662	2	that	that	SCONJ
taxlaw-8367	662	3	the	the	DET
taxlaw-8367	662	4	treatment	treatment	NOUN
taxlaw-8367	662	5	of	of	ADP
taxlaw-8367	662	6	the	the	DET
taxlaw-8367	662	7	inclusion	inclusion	NOUN
taxlaw-8367	662	8	as	as	ADP
taxlaw-8367	662	9	a	a	DET
taxlaw-8367	662	10	transfer	transfer	NOUN
taxlaw-8367	662	11	in	in	ADP
taxlaw-8367	662	12	the	the	DET
taxlaw-8367	662	13	year	year	NOUN
taxlaw-8367	662	14	of	of	ADP
taxlaw-8367	662	15	default	default	NOUN
taxlaw-8367	662	16	,	,	PUNCT
taxlaw-8367	662	17	rather	rather	ADV
taxlaw-8367	662	18	than	than	ADP
taxlaw-8367	662	19	as	as	ADP
taxlaw-8367	662	20	a	a	DET
taxlaw-8367	662	21	“	"	PUNCT
taxlaw-8367	662	22	relation	relation	NOUN
taxlaw-8367	662	23	back	back	ADV
taxlaw-8367	662	24	”	"	PUNCT
taxlaw-8367	662	25	to	to	ADP
taxlaw-8367	662	26	the	the	DET
taxlaw-8367	662	27	year	year	NOUN
taxlaw-8367	662	28	the	the	DET
taxlaw-8367	662	29	loan	loan	NOUN
taxlaw-8367	662	30	was	be	AUX
taxlaw-8367	662	31	extended	extend	VERB
taxlaw-8367	662	32	,	,	PUNCT
taxlaw-8367	662	33	avoids	avoid	VERB
taxlaw-8367	662	34	the	the	DET
taxlaw-8367	662	35	difficulty	difficulty	NOUN
taxlaw-8367	662	36	under	under	ADP
taxlaw-8367	662	37	the	the	DET
taxlaw-8367	662	38	standard	standard	ADJ
taxlaw-8367	662	39	view	view	NOUN
taxlaw-8367	662	40	of	of	ADP
taxlaw-8367	662	41	accounting	account	VERB
taxlaw-8367	662	42	for	for	ADP
taxlaw-8367	662	43	interest	interest	NOUN
taxlaw-8367	662	44	payments	payment	NOUN
taxlaw-8367	662	45	on	on	ADP
taxlaw-8367	662	46	the	the	DET
taxlaw-8367	662	47	forgiven	forgive	VERB
taxlaw-8367	662	48	amount	amount	NOUN
taxlaw-8367	662	49	.	.	PUNCT
taxlaw-8367	663	1	recall	recall	VERB
taxlaw-8367	663	2	that	that	SCONJ
taxlaw-8367	663	3	the	the	DET
taxlaw-8367	663	4	standard	standard	ADJ
taxlaw-8367	663	5	view	view	NOUN
taxlaw-8367	663	6	equates	equate	VERB
taxlaw-8367	663	7	the	the	DET
taxlaw-8367	663	8	default	default	NOUN
taxlaw-8367	663	9	with	with	ADP
taxlaw-8367	663	10	a	a	DET
taxlaw-8367	663	11	“	"	PUNCT
taxlaw-8367	663	12	hindsight	hindsight	ADJ
taxlaw-8367	663	13	”	"	PUNCT
taxlaw-8367	663	14	understanding	understanding	NOUN
taxlaw-8367	663	15	of	of	ADP
taxlaw-8367	663	16	the	the	DET
taxlaw-8367	663	17	original	original	ADJ
taxlaw-8367	663	18	transfer	transfer	NOUN
taxlaw-8367	663	19	as	as	ADP
taxlaw-8367	663	20	an	an	DET
taxlaw-8367	663	21	accession	accession	NOUN
taxlaw-8367	663	22	to	to	ADP
taxlaw-8367	663	23	wealth	wealth	NOUN
taxlaw-8367	663	24	when	when	SCONJ
taxlaw-8367	663	25	the	the	DET
taxlaw-8367	663	26	loan	loan	NOUN
taxlaw-8367	663	27	was	be	AUX
taxlaw-8367	663	28	extended	extend	VERB
taxlaw-8367	663	29	that	that	PRON
taxlaw-8367	663	30	must	must	AUX
taxlaw-8367	663	31	be	be	AUX
taxlaw-8367	663	32	accounted	account	VERB
taxlaw-8367	663	33	for	for	ADP
taxlaw-8367	663	34	in	in	ADP
taxlaw-8367	663	35	the	the	DET
taxlaw-8367	663	36	year	year	NOUN
taxlaw-8367	663	37	of	of	ADP
taxlaw-8367	663	38	discharge	discharge	NOUN
taxlaw-8367	663	39	under	under	ADP
taxlaw-8367	663	40	the	the	DET
taxlaw-8367	663	41	principle	principle	NOUN
taxlaw-8367	663	42	of	of	ADP
taxlaw-8367	663	43	transactional	transactional	ADJ
taxlaw-8367	663	44	consistency	consistency	NOUN
taxlaw-8367	663	45	.	.	PUNCT
taxlaw-8367	664	1	but	but	CCONJ
taxlaw-8367	664	2	such	such	DET
taxlaw-8367	664	3	a	a	DET
taxlaw-8367	664	4	theory	theory	NOUN
taxlaw-8367	664	5	can	can	AUX
taxlaw-8367	664	6	not	not	PART
taxlaw-8367	664	7	explain	explain	VERB
taxlaw-8367	664	8	why	why	SCONJ
taxlaw-8367	664	9	the	the	DET
taxlaw-8367	664	10	borrower	borrower	NOUN
taxlaw-8367	664	11	paid	pay	VERB
taxlaw-8367	664	12	interest	interest	NOUN
taxlaw-8367	664	13	before	before	ADP
taxlaw-8367	664	14	the	the	DET
taxlaw-8367	664	15	default	default	NOUN
taxlaw-8367	664	16	on	on	ADP
taxlaw-8367	664	17	the	the	DET
taxlaw-8367	664	18	forgiven	forgive	VERB
taxlaw-8367	664	19	portion	portion	NOUN
taxlaw-8367	664	20	of	of	ADP
taxlaw-8367	664	21	the	the	DET
taxlaw-8367	664	22	loan	loan	NOUN
taxlaw-8367	664	23	.	.	PUNCT
taxlaw-8367	665	1	it	it	PRON
taxlaw-8367	665	2	also	also	ADV
taxlaw-8367	665	3	violates	violate	VERB
taxlaw-8367	665	4	the	the	DET
taxlaw-8367	665	5	principle	principle	NOUN
taxlaw-8367	665	6	of	of	ADP
taxlaw-8367	665	7	transactional	transactional	ADJ
taxlaw-8367	665	8	consistency	consistency	NOUN
taxlaw-8367	665	9	because	because	SCONJ
taxlaw-8367	665	10	the	the	DET
taxlaw-8367	665	11	tax	tax	NOUN
taxlaw-8367	665	12	benefit	benefit	NOUN
taxlaw-8367	665	13	theory	theory	NOUN
taxlaw-8367	665	14	requires	require	VERB
taxlaw-8367	665	15	treating	treat	VERB
taxlaw-8367	665	16	the	the	DET
taxlaw-8367	665	17	forgiven	forgive	VERB
taxlaw-8367	665	18	amount	amount	NOUN
taxlaw-8367	665	19	as	as	ADP
taxlaw-8367	665	20	having	having	AUX
taxlaw-8367	665	21	been	be	AUX
taxlaw-8367	665	22	extended	extend	VERB
taxlaw-8367	665	23	without	without	ADP
taxlaw-8367	665	24	a	a	DET
taxlaw-8367	665	25	repayment	repayment	NOUN
taxlaw-8367	665	26	obligation	obligation	NOUN
taxlaw-8367	665	27	.	.	PUNCT
taxlaw-8367	666	1	note	note	VERB
taxlaw-8367	666	2	also	also	ADV
taxlaw-8367	666	3	that	that	SCONJ
taxlaw-8367	666	4	under	under	ADP
taxlaw-8367	666	5	the	the	DET
taxlaw-8367	666	6	tax	tax	NOUN
taxlaw-8367	666	7	benefit	benefit	NOUN
taxlaw-8367	666	8	rationale	rationale	NOUN
taxlaw-8367	666	9	there	there	PRON
taxlaw-8367	666	10	is	be	VERB
taxlaw-8367	666	11	no	no	DET
taxlaw-8367	666	12	discount	discount	NOUN
taxlaw-8367	666	13	on	on	ADP
taxlaw-8367	666	14	the	the	DET
taxlaw-8367	666	15	amount	amount	NOUN
taxlaw-8367	666	16	of	of	ADP
taxlaw-8367	666	17	the	the	DET
taxlaw-8367	666	18	inclusion	inclusion	NOUN
taxlaw-8367	666	19	for	for	ADP
taxlaw-8367	666	20	the	the	DET
taxlaw-8367	666	21	payment	payment	NOUN
taxlaw-8367	666	22	of	of	ADP
taxlaw-8367	666	23	interest	interest	NOUN
taxlaw-8367	666	24	;	;	PUNCT
taxlaw-8367	666	25	the	the	DET
taxlaw-8367	666	26	inclusion	inclusion	NOUN
taxlaw-8367	666	27	is	be	AUX
taxlaw-8367	666	28	equal	equal	ADJ
taxlaw-8367	666	29	to	to	ADP
taxlaw-8367	666	30	the	the	DET
taxlaw-8367	666	31	principal	principal	ADJ
taxlaw-8367	666	32	amount	amount	NOUN
taxlaw-8367	666	33	forgiven.125	forgiven.125	NOUN
taxlaw-8367	667	1	it	it	PRON
taxlaw-8367	667	2	is	be	AUX
taxlaw-8367	667	3	worth	worth	ADJ
taxlaw-8367	667	4	noting	note	VERB
taxlaw-8367	667	5	that	that	SCONJ
taxlaw-8367	667	6	although	although	SCONJ
taxlaw-8367	667	7	lal	lal	PROPN
taxlaw-8367	667	8	provides	provide	VERB
taxlaw-8367	667	9	a	a	DET
taxlaw-8367	667	10	straightforward	straightforward	ADJ
taxlaw-8367	667	11	account	account	NOUN
taxlaw-8367	667	12	of	of	ADP
taxlaw-8367	667	13	doi	doi	NOUN
taxlaw-8367	667	14	,	,	PUNCT
taxlaw-8367	667	15	it	it	PRON
taxlaw-8367	667	16	does	do	AUX
taxlaw-8367	667	17	not	not	PART
taxlaw-8367	667	18	decisively	decisively	ADV
taxlaw-8367	667	19	resolve	resolve	VERB
taxlaw-8367	667	20	whether	whether	SCONJ
taxlaw-8367	667	21	doi	doi	NOUN
taxlaw-8367	667	22	should	should	AUX
taxlaw-8367	667	23	result	result	VERB
taxlaw-8367	667	24	in	in	ADP
taxlaw-8367	667	25	a	a	DET
taxlaw-8367	667	26	taxable	taxable	ADJ
taxlaw-8367	667	27	inclusion	inclusion	NOUN
taxlaw-8367	667	28	.	.	PUNCT
taxlaw-8367	668	1	viewing	view	VERB
taxlaw-8367	668	2	the	the	DET
taxlaw-8367	668	3	risk	risk	NOUN
taxlaw-8367	668	4	premium	premium	NOUN
taxlaw-8367	668	5	as	as	ADP
taxlaw-8367	668	6	a	a	DET
taxlaw-8367	668	7	form	form	NOUN
taxlaw-8367	668	8	of	of	ADP
taxlaw-8367	668	9	insurance	insurance	NOUN
taxlaw-8367	668	10	highlights	highlight	NOUN
taxlaw-8367	668	11	that	that	PRON
taxlaw-8367	668	12	either	either	PRON
taxlaw-8367	668	13	of	of	ADP
taxlaw-8367	668	14	two	two	NUM
taxlaw-8367	668	15	general	general	ADJ
taxlaw-8367	668	16	regimes	regime	NOUN
taxlaw-8367	668	17	might	might	AUX
taxlaw-8367	668	18	apply	apply	VERB
taxlaw-8367	668	19	to	to	ADP
taxlaw-8367	668	20	doi	doi	NOUN
taxlaw-8367	668	21	income	income	NOUN
taxlaw-8367	668	22	:	:	PUNCT
taxlaw-8367	668	23	a	a	DET
taxlaw-8367	668	24	regime	regime	NOUN
taxlaw-8367	668	25	in	in	ADP
taxlaw-8367	668	26	which	which	PRON
taxlaw-8367	668	27	,	,	PUNCT
taxlaw-8367	668	28	on	on	ADP
taxlaw-8367	668	29	average	average	ADJ
taxlaw-8367	668	30	,	,	PUNCT
taxlaw-8367	668	31	there	there	PRON
taxlaw-8367	668	32	is	be	VERB
taxlaw-8367	668	33	one	one	NUM
taxlaw-8367	668	34	inclusion	inclusion	NOUN
taxlaw-8367	668	35	,	,	PUNCT
taxlaw-8367	668	36	or	or	CCONJ
taxlaw-8367	668	37	a	a	DET
taxlaw-8367	668	38	regime	regime	NOUN
taxlaw-8367	668	39	in	in	ADP
taxlaw-8367	668	40	which	which	PRON
taxlaw-8367	668	41	there	there	PRON
taxlaw-8367	668	42	may	may	AUX
taxlaw-8367	668	43	be	be	AUX
taxlaw-8367	668	44	two	two	NUM
taxlaw-8367	668	45	.	.	PUNCT
taxlaw-8367	669	1	in	in	ADP
taxlaw-8367	669	2	some	some	DET
taxlaw-8367	669	3	settings	setting	NOUN
taxlaw-8367	669	4	,	,	PUNCT
taxlaw-8367	669	5	such	such	ADJ
taxlaw-8367	669	6	as	as	ADP
taxlaw-8367	669	7	death	death	NOUN
taxlaw-8367	669	8	benefits	benefit	NOUN
taxlaw-8367	669	9	paid	pay	VERB
taxlaw-8367	669	10	under	under	ADP
taxlaw-8367	669	11	life	life	NOUN
taxlaw-8367	669	12	insurance	insurance	NOUN
taxlaw-8367	669	13	contracts	contract	NOUN
taxlaw-8367	669	14	,	,	PUNCT
taxlaw-8367	669	15	the	the	DET
taxlaw-8367	669	16	tax	tax	NOUN
taxlaw-8367	669	17	law	law	NOUN
taxlaw-8367	669	18	excludes	exclude	VERB
taxlaw-8367	669	19	insurance	insurance	NOUN
taxlaw-8367	669	20	payouts	payout	NOUN
taxlaw-8367	669	21	from	from	ADP
taxlaw-8367	669	22	gross	gross	ADJ
taxlaw-8367	669	23	income.126	income.126	NOUN
taxlaw-8367	669	24	in	in	ADP
taxlaw-8367	669	25	most	most	ADJ
taxlaw-8367	669	26	such	such	ADJ
taxlaw-8367	669	27	cases	case	NOUN
taxlaw-8367	669	28	,	,	PUNCT
taxlaw-8367	669	29	the	the	DET
taxlaw-8367	669	30	premiums	premium	NOUN
taxlaw-8367	669	31	must	must	AUX
taxlaw-8367	669	32	not	not	PART
taxlaw-8367	669	33	have	have	AUX
taxlaw-8367	669	34	been	be	AUX
taxlaw-8367	669	35	deductible.127	deductible.127	NOUN
taxlaw-8367	669	36	in	in	ADP
taxlaw-8367	669	37	theory	theory	NOUN
taxlaw-8367	669	38	,	,	PUNCT
taxlaw-8367	669	39	the	the	DET
taxlaw-8367	669	40	overall	overall	ADJ
taxlaw-8367	669	41	treatment	treatment	NOUN
taxlaw-8367	669	42	of	of	ADP
taxlaw-8367	669	43	the	the	DET
taxlaw-8367	669	44	insurance	insurance	NOUN
taxlaw-8367	669	45	arrangement	arrangement	NOUN
taxlaw-8367	669	46	in	in	ADP
taxlaw-8367	669	47	these	these	DET
taxlaw-8367	669	48	cases	case	NOUN
taxlaw-8367	669	49	is	be	AUX
taxlaw-8367	669	50	a	a	DET
taxlaw-8367	669	51	“	"	PUNCT
taxlaw-8367	669	52	nothing	nothing	PRON
taxlaw-8367	669	53	.	.	PUNCT
taxlaw-8367	669	54	”	"	PUNCT
taxlaw-8367	670	1	assuming	assume	VERB
taxlaw-8367	670	2	a	a	DET
taxlaw-8367	670	3	fair	fair	ADJ
taxlaw-8367	670	4	insurance	insurance	NOUN
taxlaw-8367	670	5	scheme	scheme	NOUN
taxlaw-8367	670	6	,	,	PUNCT
taxlaw-8367	670	7	in	in	ADP
taxlaw-8367	670	8	the	the	DET
taxlaw-8367	670	9	case	case	NOUN
taxlaw-8367	670	10	of	of	ADP
taxlaw-8367	670	11	term	term	NOUN
taxlaw-8367	670	12	life	life	NOUN
taxlaw-8367	670	13	insurance	insurance	NOUN
taxlaw-8367	670	14	,	,	PUNCT
taxlaw-8367	670	15	premiums	premium	NOUN
taxlaw-8367	670	16	paid	pay	VERB
taxlaw-8367	670	17	by	by	ADP
taxlaw-8367	670	18	all	all	DET
taxlaw-8367	670	19	policyholders	policyholder	NOUN
taxlaw-8367	670	20	in	in	ADP
taxlaw-8367	670	21	the	the	DET
taxlaw-8367	670	22	aggregate	aggregate	NOUN
taxlaw-8367	670	23	will	will	AUX
taxlaw-8367	670	24	124	124	NUM
taxlaw-8367	670	25	i.r.c	i.r.c	NOUN
taxlaw-8367	670	26	.	.	PUNCT
taxlaw-8367	671	1	§	§	PROPN
taxlaw-8367	671	2	61(a)(2	61(a)(2	NUM
taxlaw-8367	671	3	)	)	PUNCT
taxlaw-8367	671	4	.	.	PUNCT
taxlaw-8367	672	1	125	125	NUM
taxlaw-8367	672	2	treas	trea	NOUN
taxlaw-8367	672	3	.	.	PUNCT
taxlaw-8367	673	1	reg	reg	PROPN
taxlaw-8367	673	2	.	.	PUNCT
taxlaw-8367	674	1	§	§	PROPN
taxlaw-8367	674	2	1.61–12(a	1.61–12(a	NUM
taxlaw-8367	674	3	)	)	PUNCT
taxlaw-8367	674	4	.	.	PUNCT
taxlaw-8367	675	1	126	126	NUM
taxlaw-8367	675	2	i.r.c	i.r.c	NOUN
taxlaw-8367	675	3	.	.	PUNCT
taxlaw-8367	676	1	§	§	PROPN
taxlaw-8367	676	2	101(a	101(a	PROPN
taxlaw-8367	676	3	)	)	PUNCT
taxlaw-8367	676	4	.	.	PUNCT
taxlaw-8367	677	1	see	see	VERB
taxlaw-8367	677	2	also	also	ADV
taxlaw-8367	677	3	i.r.c	i.r.c	NOUN
taxlaw-8367	677	4	.	.	PUNCT
taxlaw-8367	678	1	§	§	PROPN
taxlaw-8367	678	2	104(a)(3	104(a)(3	NUM
taxlaw-8367	678	3	)	)	PUNCT
taxlaw-8367	678	4	(	(	PUNCT
taxlaw-8367	678	5	exclusion	exclusion	NOUN
taxlaw-8367	678	6	for	for	ADP
taxlaw-8367	678	7	health	health	NOUN
taxlaw-8367	678	8	insurance	insurance	NOUN
taxlaw-8367	678	9	benefits	benefit	NOUN
taxlaw-8367	678	10	as	as	ADV
taxlaw-8367	678	11	long	long	ADV
taxlaw-8367	678	12	as	as	SCONJ
taxlaw-8367	678	13	premiums	premium	NOUN
taxlaw-8367	678	14	are	be	AUX
taxlaw-8367	678	15	paid	pay	VERB
taxlaw-8367	678	16	with	with	ADP
taxlaw-8367	678	17	after	after	ADP
taxlaw-8367	678	18	-	-	PUNCT
taxlaw-8367	678	19	tax	tax	NOUN
taxlaw-8367	678	20	dollars	dollar	NOUN
taxlaw-8367	678	21	)	)	PUNCT
taxlaw-8367	678	22	.	.	PUNCT
taxlaw-8367	679	1	127	127	NUM
taxlaw-8367	679	2	i.r.c	i.r.c	NOUN
taxlaw-8367	679	3	.	.	PUNCT
taxlaw-8367	680	1	§	§	PROPN
taxlaw-8367	680	2	264(a	264(a	PROPN
taxlaw-8367	680	3	)	)	PUNCT
taxlaw-8367	680	4	.	.	PUNCT
taxlaw-8367	681	1	an	an	DET
taxlaw-8367	681	2	exception	exception	NOUN
taxlaw-8367	681	3	is	be	AUX
taxlaw-8367	681	4	employer	employer	NOUN
taxlaw-8367	681	5	-	-	PUNCT
taxlaw-8367	681	6	provided	provide	VERB
taxlaw-8367	681	7	health	health	NOUN
taxlaw-8367	681	8	insurance	insurance	NOUN
taxlaw-8367	681	9	.	.	PUNCT
taxlaw-8367	682	1	subject	subject	ADJ
taxlaw-8367	682	2	to	to	ADP
taxlaw-8367	682	3	certain	certain	ADJ
taxlaw-8367	682	4	premium	premium	NOUN
taxlaw-8367	682	5	limitations	limitation	NOUN
taxlaw-8367	682	6	,	,	PUNCT
taxlaw-8367	682	7	premiums	premium	NOUN
taxlaw-8367	682	8	are	be	AUX
taxlaw-8367	682	9	deductible	deductible	ADJ
taxlaw-8367	682	10	by	by	ADP
taxlaw-8367	682	11	the	the	DET
taxlaw-8367	682	12	employer	employer	NOUN
taxlaw-8367	682	13	,	,	PUNCT
taxlaw-8367	682	14	i.r.c	i.r.c	NOUN
taxlaw-8367	682	15	.	.	PUNCT
taxlaw-8367	683	1	§	§	PROPN
taxlaw-8367	683	2	162(a)(1	162(a)(1	NUM
taxlaw-8367	683	3	)	)	PUNCT
taxlaw-8367	683	4	,	,	PUNCT
taxlaw-8367	683	5	and	and	CCONJ
taxlaw-8367	683	6	excluded	exclude	VERB
taxlaw-8367	683	7	from	from	ADP
taxlaw-8367	683	8	the	the	DET
taxlaw-8367	683	9	employee	employee	NOUN
taxlaw-8367	683	10	’s	’s	PART
taxlaw-8367	683	11	gross	gross	ADJ
taxlaw-8367	683	12	income	income	NOUN
taxlaw-8367	683	13	,	,	PUNCT
taxlaw-8367	683	14	i.rc	i.rc	PROPN
taxlaw-8367	683	15	.	.	PROPN
taxlaw-8367	683	16	§	§	PROPN
taxlaw-8367	683	17	106(a	106(a	PROPN
taxlaw-8367	683	18	)	)	PUNCT
taxlaw-8367	683	19	,	,	PUNCT
taxlaw-8367	683	20	while	while	SCONJ
taxlaw-8367	683	21	the	the	DET
taxlaw-8367	683	22	amounts	amount	NOUN
taxlaw-8367	683	23	expended	expend	VERB
taxlaw-8367	683	24	on	on	ADP
taxlaw-8367	683	25	medical	medical	ADJ
taxlaw-8367	683	26	care	care	NOUN
taxlaw-8367	683	27	are	be	AUX
taxlaw-8367	683	28	excluded	exclude	VERB
taxlaw-8367	683	29	.	.	PUNCT
taxlaw-8367	683	30	i.r.c	i.r.c	NOUN
taxlaw-8367	683	31	.	.	PUNCT
taxlaw-8367	684	1	§	§	PROPN
taxlaw-8367	684	2	105(b	105(b	PROPN
taxlaw-8367	684	3	)	)	PUNCT
taxlaw-8367	684	4	.	.	PUNCT
taxlaw-8367	685	1	114	114	NUM
taxlaw-8367	685	2	columbia	columbia	PROPN
taxlaw-8367	685	3	journal	journal	PROPN
taxlaw-8367	685	4	of	of	ADP
taxlaw-8367	685	5	tax	tax	NOUN
taxlaw-8367	685	6	law	law	NOUN
taxlaw-8367	685	7	[	[	X
taxlaw-8367	685	8	vol	vol	NOUN
taxlaw-8367	685	9	.	.	PUNCT
taxlaw-8367	685	10	12:89	12:89	NUM
taxlaw-8367	685	11	equal	equal	ADJ
taxlaw-8367	685	12	payouts	payout	NOUN
taxlaw-8367	685	13	,	,	PUNCT
taxlaw-8367	685	14	less	less	ADJ
taxlaw-8367	685	15	the	the	DET
taxlaw-8367	685	16	cost	cost	NOUN
taxlaw-8367	685	17	of	of	ADP
taxlaw-8367	685	18	administering	administer	VERB
taxlaw-8367	685	19	the	the	DET
taxlaw-8367	685	20	scheme	scheme	NOUN
taxlaw-8367	685	21	.	.	PUNCT
taxlaw-8367	686	1	therefore	therefore	ADV
taxlaw-8367	686	2	,	,	PUNCT
taxlaw-8367	686	3	apart	apart	ADV
taxlaw-8367	686	4	from	from	ADP
taxlaw-8367	686	5	the	the	DET
taxlaw-8367	686	6	effect	effect	NOUN
taxlaw-8367	686	7	of	of	ADP
taxlaw-8367	686	8	graduated	graduate	VERB
taxlaw-8367	686	9	rates	rate	NOUN
taxlaw-8367	686	10	,	,	PUNCT
taxlaw-8367	686	11	it	it	PRON
taxlaw-8367	686	12	is	be	AUX
taxlaw-8367	686	13	a	a	DET
taxlaw-8367	686	14	matter	matter	NOUN
taxlaw-8367	686	15	of	of	ADP
taxlaw-8367	686	16	indifference	indifference	NOUN
taxlaw-8367	686	17	from	from	ADP
taxlaw-8367	686	18	a	a	DET
taxlaw-8367	686	19	revenue	revenue	NOUN
taxlaw-8367	686	20	perspective	perspective	NOUN
taxlaw-8367	686	21	whether	whether	SCONJ
taxlaw-8367	686	22	premiums	premium	NOUN
taxlaw-8367	686	23	are	be	AUX
taxlaw-8367	686	24	deductible	deductible	ADJ
taxlaw-8367	686	25	and	and	CCONJ
taxlaw-8367	686	26	death	death	NOUN
taxlaw-8367	686	27	benefits	benefit	NOUN
taxlaw-8367	686	28	are	be	AUX
taxlaw-8367	686	29	includible	includible	ADJ
taxlaw-8367	686	30	,	,	PUNCT
taxlaw-8367	686	31	or	or	CCONJ
taxlaw-8367	686	32	premiums	premium	NOUN
taxlaw-8367	686	33	are	be	AUX
taxlaw-8367	686	34	nondeductible	nondeductible	ADJ
taxlaw-8367	686	35	and	and	CCONJ
taxlaw-8367	686	36	death	death	NOUN
taxlaw-8367	686	37	benefits	benefit	NOUN
taxlaw-8367	686	38	are	be	AUX
taxlaw-8367	686	39	excluded	exclude	VERB
taxlaw-8367	686	40	.	.	PUNCT
taxlaw-8367	687	1	under	under	ADP
taxlaw-8367	687	2	either	either	DET
taxlaw-8367	687	3	approach	approach	NOUN
taxlaw-8367	687	4	,	,	PUNCT
taxlaw-8367	687	5	the	the	DET
taxlaw-8367	687	6	death	death	NOUN
taxlaw-8367	687	7	benefit	benefit	NOUN
taxlaw-8367	687	8	is	be	AUX
taxlaw-8367	687	9	taxed	tax	VERB
taxlaw-8367	687	10	once	once	ADV
taxlaw-8367	687	11	,	,	PUNCT
taxlaw-8367	687	12	either	either	CCONJ
taxlaw-8367	687	13	when	when	SCONJ
taxlaw-8367	687	14	the	the	DET
taxlaw-8367	687	15	income	income	NOUN
taxlaw-8367	687	16	to	to	PART
taxlaw-8367	687	17	pay	pay	VERB
taxlaw-8367	687	18	the	the	DET
taxlaw-8367	687	19	premium	premium	NOUN
taxlaw-8367	687	20	is	be	AUX
taxlaw-8367	687	21	earned	earn	VERB
taxlaw-8367	687	22	or	or	CCONJ
taxlaw-8367	687	23	when	when	SCONJ
taxlaw-8367	687	24	the	the	DET
taxlaw-8367	687	25	death	death	NOUN
taxlaw-8367	687	26	benefit	benefit	NOUN
taxlaw-8367	687	27	is	be	AUX
taxlaw-8367	687	28	paid	pay	VERB
taxlaw-8367	687	29	.	.	PUNCT
taxlaw-8367	688	1	in	in	ADP
taxlaw-8367	688	2	other	other	ADJ
taxlaw-8367	688	3	settings	setting	NOUN
taxlaw-8367	688	4	,	,	PUNCT
taxlaw-8367	688	5	such	such	ADJ
taxlaw-8367	688	6	as	as	ADP
taxlaw-8367	688	7	payouts	payout	NOUN
taxlaw-8367	688	8	under	under	ADP
taxlaw-8367	688	9	property	property	NOUN
taxlaw-8367	688	10	casualty	casualty	NOUN
taxlaw-8367	688	11	insurance	insurance	NOUN
taxlaw-8367	688	12	policies	policy	NOUN
taxlaw-8367	688	13	,	,	PUNCT
taxlaw-8367	688	14	the	the	DET
taxlaw-8367	688	15	internal	internal	ADJ
taxlaw-8367	688	16	revenue	revenue	NOUN
taxlaw-8367	688	17	code	code	NOUN
taxlaw-8367	688	18	treats	treat	VERB
taxlaw-8367	688	19	recoveries	recovery	NOUN
taxlaw-8367	688	20	as	as	ADP
taxlaw-8367	688	21	taxable	taxable	ADJ
taxlaw-8367	688	22	to	to	ADP
taxlaw-8367	688	23	the	the	DET
taxlaw-8367	688	24	extent	extent	NOUN
taxlaw-8367	688	25	of	of	ADP
taxlaw-8367	688	26	gain	gain	NOUN
taxlaw-8367	688	27	realized	realize	VERB
taxlaw-8367	688	28	even	even	ADV
taxlaw-8367	688	29	if	if	SCONJ
taxlaw-8367	688	30	premiums	premium	NOUN
taxlaw-8367	688	31	are	be	AUX
taxlaw-8367	688	32	not	not	PART
taxlaw-8367	688	33	deductible.128	deductible.128	ADV
taxlaw-8367	688	34	suppose	suppose	VERB
taxlaw-8367	688	35	taxpayer	taxpayer	NOUN
taxlaw-8367	688	36	insures	insure	VERB
taxlaw-8367	688	37	her	her	PRON
taxlaw-8367	688	38	personal	personal	ADJ
taxlaw-8367	688	39	residence	residence	NOUN
taxlaw-8367	688	40	for	for	ADP
taxlaw-8367	688	41	its	its	PRON
taxlaw-8367	688	42	$	$	SYM
taxlaw-8367	688	43	300k	300k	PROPN
taxlaw-8367	688	44	fair	fair	ADJ
taxlaw-8367	688	45	market	market	NOUN
taxlaw-8367	688	46	value	value	NOUN
taxlaw-8367	688	47	,	,	PUNCT
taxlaw-8367	688	48	which	which	PRON
taxlaw-8367	688	49	exceeds	exceed	VERB
taxlaw-8367	688	50	her	her	PRON
taxlaw-8367	688	51	basis	basis	NOUN
taxlaw-8367	688	52	by	by	ADP
taxlaw-8367	688	53	$	$	SYM
taxlaw-8367	688	54	200k	200k	NUM
taxlaw-8367	688	55	.	.	PUNCT
taxlaw-8367	689	1	if	if	SCONJ
taxlaw-8367	689	2	the	the	DET
taxlaw-8367	689	3	property	property	NOUN
taxlaw-8367	689	4	is	be	AUX
taxlaw-8367	689	5	destroyed	destroy	VERB
taxlaw-8367	689	6	by	by	ADP
taxlaw-8367	689	7	a	a	DET
taxlaw-8367	689	8	covered	covered	ADJ
taxlaw-8367	689	9	peril	peril	NOUN
taxlaw-8367	689	10	,	,	PUNCT
taxlaw-8367	689	11	$	$	SYM
taxlaw-8367	689	12	200k	200k	NUM
taxlaw-8367	689	13	of	of	ADP
taxlaw-8367	689	14	the	the	DET
taxlaw-8367	689	15	$	$	SYM
taxlaw-8367	689	16	300k	300k	PROPN
taxlaw-8367	689	17	recovery	recovery	NOUN
taxlaw-8367	689	18	is	be	AUX
taxlaw-8367	689	19	taxable	taxable	ADJ
taxlaw-8367	689	20	(	(	PUNCT
taxlaw-8367	689	21	though	though	SCONJ
taxlaw-8367	689	22	the	the	DET
taxlaw-8367	689	23	gain	gain	NOUN
taxlaw-8367	689	24	may	may	AUX
taxlaw-8367	689	25	be	be	AUX
taxlaw-8367	689	26	deferred	defer	VERB
taxlaw-8367	689	27	and	and	CCONJ
taxlaw-8367	689	28	even	even	ADV
taxlaw-8367	689	29	excluded	exclude	VERB
taxlaw-8367	689	30	under	under	ADP
taxlaw-8367	689	31	the	the	DET
taxlaw-8367	689	32	special	special	ADJ
taxlaw-8367	689	33	rules	rule	NOUN
taxlaw-8367	689	34	for	for	ADP
taxlaw-8367	689	35	gains	gain	NOUN
taxlaw-8367	689	36	realized	realize	VERB
taxlaw-8367	689	37	on	on	ADP
taxlaw-8367	689	38	personal	personal	ADJ
taxlaw-8367	689	39	residences).129	residences).129	PROPN
taxlaw-8367	689	40	this	this	PRON
taxlaw-8367	689	41	is	be	AUX
taxlaw-8367	689	42	so	so	ADV
taxlaw-8367	689	43	even	even	ADV
taxlaw-8367	689	44	though	though	SCONJ
taxlaw-8367	689	45	the	the	DET
taxlaw-8367	689	46	premiums	premium	NOUN
taxlaw-8367	689	47	are	be	AUX
taxlaw-8367	689	48	not	not	PART
taxlaw-8367	689	49	deductible	deductible	ADJ
taxlaw-8367	689	50	.	.	PUNCT
taxlaw-8367	690	1	in	in	ADP
taxlaw-8367	690	2	this	this	DET
taxlaw-8367	690	3	type	type	NOUN
taxlaw-8367	690	4	of	of	ADP
taxlaw-8367	690	5	regime	regime	NOUN
taxlaw-8367	690	6	,	,	PUNCT
taxlaw-8367	690	7	both	both	CCONJ
taxlaw-8367	690	8	the	the	DET
taxlaw-8367	690	9	premiums	premium	NOUN
taxlaw-8367	690	10	and	and	CCONJ
taxlaw-8367	690	11	what	what	PRON
taxlaw-8367	690	12	they	they	PRON
taxlaw-8367	690	13	pay	pay	VERB
taxlaw-8367	690	14	for	for	ADP
taxlaw-8367	690	15	are	be	AUX
taxlaw-8367	690	16	subject	subject	ADJ
taxlaw-8367	690	17	to	to	ADP
taxlaw-8367	690	18	tax	tax	NOUN
taxlaw-8367	690	19	.	.	PUNCT
taxlaw-8367	691	1	it	it	PRON
taxlaw-8367	691	2	is	be	AUX
taxlaw-8367	691	3	an	an	DET
taxlaw-8367	691	4	open	open	ADJ
taxlaw-8367	691	5	question	question	NOUN
taxlaw-8367	691	6	as	as	ADP
taxlaw-8367	691	7	a	a	DET
taxlaw-8367	691	8	policy	policy	NOUN
taxlaw-8367	691	9	matter	matter	NOUN
taxlaw-8367	691	10	which	which	PRON
taxlaw-8367	691	11	of	of	ADP
taxlaw-8367	691	12	these	these	DET
taxlaw-8367	691	13	two	two	NUM
taxlaw-8367	691	14	regimes	regime	NOUN
taxlaw-8367	691	15	should	should	AUX
taxlaw-8367	691	16	apply	apply	VERB
taxlaw-8367	691	17	.	.	PUNCT
taxlaw-8367	692	1	if	if	SCONJ
taxlaw-8367	692	2	one	one	NUM
taxlaw-8367	692	3	views	view	VERB
taxlaw-8367	692	4	the	the	DET
taxlaw-8367	692	5	benefit	benefit	NOUN
taxlaw-8367	692	6	of	of	ADP
taxlaw-8367	692	7	personal	personal	ADJ
taxlaw-8367	692	8	insurance	insurance	NOUN
taxlaw-8367	692	9	as	as	ADP
taxlaw-8367	692	10	consisting	consist	VERB
taxlaw-8367	692	11	solely	solely	ADV
taxlaw-8367	692	12	of	of	ADP
taxlaw-8367	692	13	the	the	DET
taxlaw-8367	692	14	payout	payout	NOUN
taxlaw-8367	692	15	,	,	PUNCT
taxlaw-8367	692	16	then	then	ADV
taxlaw-8367	692	17	the	the	DET
taxlaw-8367	692	18	tax	tax	NOUN
taxlaw-8367	692	19	regime	regime	NOUN
taxlaw-8367	692	20	should	should	AUX
taxlaw-8367	692	21	be	be	AUX
taxlaw-8367	692	22	symmetrical	symmetrical	ADJ
taxlaw-8367	692	23	:	:	PUNCT
taxlaw-8367	692	24	premiums	premium	NOUN
taxlaw-8367	692	25	should	should	AUX
taxlaw-8367	692	26	be	be	AUX
taxlaw-8367	692	27	deductible	deductible	ADJ
taxlaw-8367	692	28	if	if	SCONJ
taxlaw-8367	692	29	and	and	CCONJ
taxlaw-8367	692	30	only	only	ADV
taxlaw-8367	692	31	if	if	SCONJ
taxlaw-8367	692	32	recoveries	recovery	NOUN
taxlaw-8367	692	33	are	be	AUX
taxlaw-8367	692	34	taxable	taxable	ADJ
taxlaw-8367	692	35	.	.	PUNCT
taxlaw-8367	693	1	the	the	DET
taxlaw-8367	693	2	argument	argument	NOUN
taxlaw-8367	693	3	for	for	ADP
taxlaw-8367	693	4	symmetry	symmetry	NOUN
taxlaw-8367	693	5	would	would	AUX
taxlaw-8367	693	6	be	be	AUX
taxlaw-8367	693	7	that	that	SCONJ
taxlaw-8367	693	8	the	the	DET
taxlaw-8367	693	9	exclusive	exclusive	ADJ
taxlaw-8367	693	10	income	income	NOUN
taxlaw-8367	693	11	benefit	benefit	NOUN
taxlaw-8367	693	12	of	of	ADP
taxlaw-8367	693	13	the	the	DET
taxlaw-8367	693	14	policy	policy	NOUN
taxlaw-8367	693	15	derives	derive	VERB
taxlaw-8367	693	16	from	from	ADP
taxlaw-8367	693	17	the	the	DET
taxlaw-8367	693	18	payout	payout	NOUN
taxlaw-8367	693	19	,	,	PUNCT
taxlaw-8367	693	20	while	while	SCONJ
taxlaw-8367	693	21	any	any	DET
taxlaw-8367	693	22	peace	peace	NOUN
taxlaw-8367	693	23	of	of	ADP
taxlaw-8367	693	24	mind	mind	NOUN
taxlaw-8367	693	25	associated	associate	VERB
taxlaw-8367	693	26	with	with	ADP
taxlaw-8367	693	27	having	have	VERB
taxlaw-8367	693	28	adequate	adequate	ADJ
taxlaw-8367	693	29	insurance	insurance	NOUN
taxlaw-8367	693	30	is	be	AUX
taxlaw-8367	693	31	akin	akin	ADJ
taxlaw-8367	693	32	to	to	ADP
taxlaw-8367	693	33	normally	normally	ADV
taxlaw-8367	693	34	nontaxable	nontaxable	ADJ
taxlaw-8367	693	35	surplus	surplus	NOUN
taxlaw-8367	693	36	.	.	PUNCT
taxlaw-8367	694	1	in	in	ADP
taxlaw-8367	694	2	that	that	DET
taxlaw-8367	694	3	case	case	NOUN
taxlaw-8367	694	4	,	,	PUNCT
taxlaw-8367	694	5	the	the	DET
taxlaw-8367	694	6	choice	choice	NOUN
taxlaw-8367	694	7	amounts	amount	VERB
taxlaw-8367	694	8	to	to	ADP
taxlaw-8367	694	9	whether	whether	SCONJ
taxlaw-8367	694	10	we	we	PRON
taxlaw-8367	694	11	tax	tax	VERB
taxlaw-8367	694	12	insurance	insurance	NOUN
taxlaw-8367	694	13	on	on	ADP
taxlaw-8367	694	14	an	an	DET
taxlaw-8367	694	15	ex	ex	NOUN
taxlaw-8367	694	16	ante	ante	NOUN
taxlaw-8367	694	17	basis	basis	NOUN
taxlaw-8367	694	18	or	or	CCONJ
taxlaw-8367	694	19	an	an	DET
taxlaw-8367	694	20	ex	ex	ADJ
taxlaw-8367	694	21	post	post	NOUN
taxlaw-8367	694	22	basis	basis	NOUN
taxlaw-8367	694	23	.	.	PUNCT
taxlaw-8367	695	1	a	a	DET
taxlaw-8367	695	2	deduction	deduction	NOUN
taxlaw-8367	695	3	/	/	SYM
taxlaw-8367	695	4	inclusion	inclusion	NOUN
taxlaw-8367	695	5	regime	regime	NOUN
taxlaw-8367	695	6	taxes	tax	VERB
taxlaw-8367	695	7	ex	ex	NOUN
taxlaw-8367	695	8	post	post	NOUN
taxlaw-8367	695	9	;	;	PUNCT
taxlaw-8367	695	10	it	it	PRON
taxlaw-8367	695	11	treats	treat	VERB
taxlaw-8367	695	12	the	the	DET
taxlaw-8367	695	13	benefit	benefit	NOUN
taxlaw-8367	695	14	of	of	ADP
taxlaw-8367	695	15	the	the	DET
taxlaw-8367	695	16	insurance	insurance	NOUN
taxlaw-8367	695	17	as	as	ADP
taxlaw-8367	695	18	speculative	speculative	ADJ
taxlaw-8367	695	19	while	while	SCONJ
taxlaw-8367	695	20	the	the	DET
taxlaw-8367	695	21	cost	cost	NOUN
taxlaw-8367	695	22	represents	represent	VERB
taxlaw-8367	695	23	a	a	DET
taxlaw-8367	695	24	reduction	reduction	NOUN
taxlaw-8367	695	25	in	in	ADP
taxlaw-8367	695	26	consumable	consumable	ADJ
taxlaw-8367	695	27	resources	resource	NOUN
taxlaw-8367	695	28	.	.	PUNCT
taxlaw-8367	696	1	a	a	DET
taxlaw-8367	696	2	non	non	ADJ
taxlaw-8367	696	3	-	-	NOUN
taxlaw-8367	696	4	deduction	deduction	ADJ
taxlaw-8367	696	5	/	/	SYM
taxlaw-8367	696	6	exclusion	exclusion	NOUN
taxlaw-8367	696	7	regime	regime	NOUN
taxlaw-8367	696	8	taxes	tax	VERB
taxlaw-8367	696	9	ex	ex	X
taxlaw-8367	696	10	ante	ante	NOUN
taxlaw-8367	696	11	;	;	PUNCT
taxlaw-8367	696	12	it	it	PRON
taxlaw-8367	696	13	treats	treat	VERB
taxlaw-8367	696	14	the	the	DET
taxlaw-8367	696	15	value	value	NOUN
taxlaw-8367	696	16	of	of	ADP
taxlaw-8367	696	17	the	the	DET
taxlaw-8367	696	18	right	right	NOUN
taxlaw-8367	696	19	to	to	PART
taxlaw-8367	696	20	proceeds	proceeds	VERB
taxlaw-8367	696	21	as	as	SCONJ
taxlaw-8367	696	22	purchased	purchase	VERB
taxlaw-8367	696	23	up	up	ADP
taxlaw-8367	696	24	-	-	PUNCT
taxlaw-8367	696	25	front	front	NOUN
taxlaw-8367	696	26	in	in	ADP
taxlaw-8367	696	27	the	the	DET
taxlaw-8367	696	28	same	same	ADJ
taxlaw-8367	696	29	way	way	NOUN
taxlaw-8367	696	30	that	that	PRON
taxlaw-8367	696	31	life	life	NOUN
taxlaw-8367	696	32	insurance	insurance	NOUN
taxlaw-8367	696	33	is	be	AUX
taxlaw-8367	696	34	taxed	tax	VERB
taxlaw-8367	696	35	.	.	PUNCT
taxlaw-8367	697	1	whether	whether	SCONJ
taxlaw-8367	697	2	ex	ex	X
taxlaw-8367	697	3	ante	ante	NOUN
taxlaw-8367	697	4	or	or	CCONJ
taxlaw-8367	697	5	ex	ex	ADJ
taxlaw-8367	697	6	post	post	NOUN
taxlaw-8367	697	7	,	,	PUNCT
taxlaw-8367	697	8	insurance	insurance	NOUN
taxlaw-8367	697	9	payments	payment	NOUN
taxlaw-8367	697	10	are	be	AUX
taxlaw-8367	697	11	effectively	effectively	ADV
taxlaw-8367	697	12	taxed	tax	VERB
taxlaw-8367	697	13	once	once	ADV
taxlaw-8367	697	14	.	.	PUNCT
taxlaw-8367	698	1	if	if	SCONJ
taxlaw-8367	698	2	,	,	PUNCT
taxlaw-8367	698	3	however	however	ADV
taxlaw-8367	698	4	,	,	PUNCT
taxlaw-8367	698	5	one	one	PRON
taxlaw-8367	698	6	considers	consider	VERB
taxlaw-8367	698	7	the	the	DET
taxlaw-8367	698	8	privilege	privilege	NOUN
taxlaw-8367	698	9	a	a	DET
taxlaw-8367	698	10	risky	risky	ADJ
taxlaw-8367	698	11	borrower	borrower	NOUN
taxlaw-8367	698	12	enjoys	enjoy	VERB
taxlaw-8367	698	13	of	of	ADP
taxlaw-8367	698	14	using	use	VERB
taxlaw-8367	698	15	borrowed	borrow	VERB
taxlaw-8367	698	16	funds	fund	NOUN
taxlaw-8367	698	17	on	on	ADP
taxlaw-8367	698	18	analogy	analogy	NOUN
taxlaw-8367	698	19	to	to	ADP
taxlaw-8367	698	20	the	the	DET
taxlaw-8367	698	21	peace	peace	NOUN
taxlaw-8367	698	22	of	of	ADP
taxlaw-8367	698	23	mind	mind	NOUN
taxlaw-8367	698	24	associated	associate	VERB
taxlaw-8367	698	25	with	with	ADP
taxlaw-8367	698	26	personal	personal	ADJ
taxlaw-8367	698	27	insurance	insurance	NOUN
taxlaw-8367	698	28	to	to	PART
taxlaw-8367	698	29	be	be	AUX
taxlaw-8367	698	30	a	a	DET
taxlaw-8367	698	31	“	"	PUNCT
taxlaw-8367	698	32	purchased	purchase	VERB
taxlaw-8367	698	33	”	"	PUNCT
taxlaw-8367	698	34	income	income	NOUN
taxlaw-8367	698	35	item	item	NOUN
taxlaw-8367	698	36	separate	separate	ADJ
taxlaw-8367	698	37	from	from	ADP
taxlaw-8367	698	38	the	the	DET
taxlaw-8367	698	39	benefit	benefit	NOUN
taxlaw-8367	698	40	of	of	ADP
taxlaw-8367	698	41	any	any	DET
taxlaw-8367	698	42	payout	payout	NOUN
taxlaw-8367	698	43	,	,	PUNCT
taxlaw-8367	698	44	then	then	ADV
taxlaw-8367	698	45	no	no	DET
taxlaw-8367	698	46	deduction	deduction	NOUN
taxlaw-8367	698	47	,	,	PUNCT
taxlaw-8367	698	48	or	or	CCONJ
taxlaw-8367	698	49	at	at	ADP
taxlaw-8367	698	50	best	good	ADJ
taxlaw-8367	698	51	a	a	DET
taxlaw-8367	698	52	partial	partial	ADJ
taxlaw-8367	698	53	deduction	deduction	NOUN
taxlaw-8367	698	54	,	,	PUNCT
taxlaw-8367	698	55	should	should	AUX
taxlaw-8367	698	56	be	be	AUX
taxlaw-8367	698	57	available	available	ADJ
taxlaw-8367	698	58	for	for	ADP
taxlaw-8367	698	59	the	the	DET
taxlaw-8367	698	60	risk	risk	NOUN
taxlaw-8367	698	61	premium	premium	NOUN
taxlaw-8367	698	62	,	,	PUNCT
taxlaw-8367	698	63	and	and	CCONJ
taxlaw-8367	698	64	therefore	therefore	ADV
taxlaw-8367	698	65	income	income	NOUN
taxlaw-8367	698	66	from	from	ADP
taxlaw-8367	698	67	doi	doi	NOUN
taxlaw-8367	698	68	should	should	AUX
taxlaw-8367	698	69	be	be	AUX
taxlaw-8367	698	70	includible	includible	ADJ
taxlaw-8367	698	71	as	as	ADV
taxlaw-8367	698	72	well	well	ADV
taxlaw-8367	698	73	,	,	PUNCT
taxlaw-8367	698	74	subject	subject	ADJ
taxlaw-8367	698	75	to	to	ADP
taxlaw-8367	698	76	the	the	DET
taxlaw-8367	698	77	exclusions	exclusion	NOUN
taxlaw-8367	698	78	and	and	CCONJ
taxlaw-8367	698	79	limitations	limitation	NOUN
taxlaw-8367	698	80	available	available	ADJ
taxlaw-8367	698	81	under	under	ADP
taxlaw-8367	698	82	section	section	NOUN
taxlaw-8367	698	83	108	108	NUM
taxlaw-8367	698	84	.	.	PUNCT
taxlaw-8367	699	1	lal	lal	PROPN
taxlaw-8367	699	2	does	do	AUX
taxlaw-8367	699	3	not	not	PART
taxlaw-8367	699	4	settle	settle	VERB
taxlaw-8367	699	5	the	the	DET
taxlaw-8367	699	6	question	question	NOUN
taxlaw-8367	699	7	of	of	SCONJ
taxlaw-8367	699	8	which	which	DET
taxlaw-8367	699	9	regime	regime	NOUN
taxlaw-8367	699	10	should	should	AUX
taxlaw-8367	699	11	apply	apply	VERB
taxlaw-8367	699	12	because	because	SCONJ
taxlaw-8367	699	13	the	the	DET
taxlaw-8367	699	14	answer	answer	NOUN
taxlaw-8367	699	15	turns	turn	VERB
taxlaw-8367	699	16	on	on	ADP
taxlaw-8367	699	17	how	how	SCONJ
taxlaw-8367	699	18	expansively	expansively	ADV
taxlaw-8367	699	19	one	one	NUM
taxlaw-8367	699	20	views	view	VERB
taxlaw-8367	699	21	the	the	DET
taxlaw-8367	699	22	income	income	NOUN
taxlaw-8367	699	23	concept	concept	NOUN
taxlaw-8367	699	24	.	.	PUNCT
taxlaw-8367	700	1	if	if	SCONJ
taxlaw-8367	700	2	one	one	PRON
taxlaw-8367	700	3	considers	consider	VERB
taxlaw-8367	700	4	income	income	NOUN
taxlaw-8367	700	5	a	a	DET
taxlaw-8367	700	6	proxy	proxy	NOUN
taxlaw-8367	700	7	for	for	ADP
taxlaw-8367	700	8	utility	utility	NOUN
taxlaw-8367	700	9	—	—	PUNCT
taxlaw-8367	700	10	here	here	ADV
taxlaw-8367	700	11	,	,	PUNCT
taxlaw-8367	700	12	the	the	DET
taxlaw-8367	700	13	utility	utility	NOUN
taxlaw-8367	700	14	of	of	ADP
taxlaw-8367	700	15	knowing	know	VERB
taxlaw-8367	700	16	the	the	DET
taxlaw-8367	700	17	lender	lender	NOUN
taxlaw-8367	700	18	rather	rather	ADV
taxlaw-8367	700	19	than	than	ADP
taxlaw-8367	700	20	the	the	DET
taxlaw-8367	700	21	borrower	borrower	NOUN
taxlaw-8367	700	22	experiences	experience	VERB
taxlaw-8367	700	23	the	the	DET
taxlaw-8367	700	24	loss	loss	NOUN
taxlaw-8367	700	25	—	—	PUNCT
taxlaw-8367	700	26	then	then	ADV
taxlaw-8367	700	27	a	a	DET
taxlaw-8367	700	28	dual	dual	ADJ
taxlaw-8367	700	29	tax	tax	NOUN
taxlaw-8367	700	30	regime	regime	NOUN
taxlaw-8367	700	31	should	should	AUX
taxlaw-8367	700	32	apply	apply	VERB
taxlaw-8367	700	33	.	.	PUNCT
taxlaw-8367	701	1	under	under	ADP
taxlaw-8367	701	2	a	a	DET
taxlaw-8367	701	3	more	more	ADV
taxlaw-8367	701	4	restrictive	restrictive	ADJ
taxlaw-8367	701	5	definition	definition	NOUN
taxlaw-8367	701	6	that	that	PRON
taxlaw-8367	701	7	sees	see	VERB
taxlaw-8367	701	8	income	income	NOUN
taxlaw-8367	701	9	as	as	ADP
taxlaw-8367	701	10	consisting	consist	VERB
taxlaw-8367	701	11	of	of	ADP
taxlaw-8367	701	12	a	a	DET
taxlaw-8367	701	13	flow	flow	NOUN
taxlaw-8367	701	14	of	of	ADP
taxlaw-8367	701	15	material	material	NOUN
taxlaw-8367	701	16	satisfactions	satisfaction	NOUN
taxlaw-8367	701	17	,	,	PUNCT
taxlaw-8367	701	18	a	a	DET
taxlaw-8367	701	19	single	single	ADJ
taxlaw-8367	701	20	regime	regime	NOUN
taxlaw-8367	701	21	should	should	AUX
taxlaw-8367	701	22	likely	likely	ADV
taxlaw-8367	701	23	apply.130	apply.130	PROPN
taxlaw-8367	701	24	d.	d.	PROPN
taxlaw-8367	701	25	irrelevance	irrelevance	NOUN
taxlaw-8367	701	26	of	of	ADP
taxlaw-8367	701	27	interest	interest	NOUN
taxlaw-8367	701	28	deductibility	deductibility	NOUN
taxlaw-8367	701	29	one	one	PRON
taxlaw-8367	701	30	might	might	AUX
taxlaw-8367	701	31	be	be	AUX
taxlaw-8367	701	32	persuaded	persuade	VERB
taxlaw-8367	701	33	of	of	ADP
taxlaw-8367	701	34	the	the	DET
taxlaw-8367	701	35	validity	validity	NOUN
taxlaw-8367	701	36	of	of	ADP
taxlaw-8367	701	37	lal	lal	PROPN
taxlaw-8367	701	38	but	but	CCONJ
taxlaw-8367	701	39	be	be	AUX
taxlaw-8367	701	40	tempted	tempt	VERB
taxlaw-8367	701	41	to	to	PART
taxlaw-8367	701	42	conclude	conclude	VERB
taxlaw-8367	701	43	that	that	SCONJ
taxlaw-8367	701	44	the	the	DET
taxlaw-8367	701	45	tax	tax	NOUN
taxlaw-8367	701	46	treatment	treatment	NOUN
taxlaw-8367	701	47	of	of	ADP
taxlaw-8367	701	48	loans	loan	NOUN
taxlaw-8367	701	49	should	should	AUX
taxlaw-8367	701	50	turn	turn	VERB
taxlaw-8367	701	51	on	on	ADP
taxlaw-8367	701	52	the	the	DET
taxlaw-8367	701	53	deductibility	deductibility	NOUN
taxlaw-8367	701	54	of	of	ADP
taxlaw-8367	701	55	interest	interest	NOUN
taxlaw-8367	701	56	payments	payment	NOUN
taxlaw-8367	701	57	.	.	PUNCT
taxlaw-8367	702	1	the	the	DET
taxlaw-8367	702	2	reasoning	reasoning	NOUN
taxlaw-8367	702	3	would	would	AUX
taxlaw-8367	702	4	be	be	AUX
taxlaw-8367	702	5	that	that	SCONJ
taxlaw-8367	702	6	lal	lal	PROPN
taxlaw-8367	702	7	identifies	identify	VERB
taxlaw-8367	702	8	the	the	DET
taxlaw-8367	702	9	payment	payment	NOUN
taxlaw-8367	702	10	of	of	ADP
taxlaw-8367	702	11	interest	interest	NOUN
taxlaw-8367	702	12	as	as	ADP
taxlaw-8367	702	13	the	the	DET
taxlaw-8367	702	14	basis	basis	NOUN
taxlaw-8367	702	15	for	for	ADP
taxlaw-8367	702	16	both	both	DET
taxlaw-8367	702	17	non	non	ADJ
taxlaw-8367	702	18	-	-	NOUN
taxlaw-8367	702	19	inclusion	inclusion	ADJ
taxlaw-8367	702	20	and	and	CCONJ
taxlaw-8367	702	21	basis	basis	NOUN
taxlaw-8367	702	22	credit	credit	NOUN
taxlaw-8367	702	23	in	in	ADP
taxlaw-8367	702	24	the	the	DET
taxlaw-8367	702	25	loan	loan	NOUN
taxlaw-8367	702	26	proceeds	proceed	NOUN
taxlaw-8367	702	27	,	,	PUNCT
taxlaw-8367	702	28	and	and	CCONJ
taxlaw-8367	702	29	that	that	DET
taxlaw-8367	702	30	conclusion	conclusion	NOUN
taxlaw-8367	702	31	rests	rest	VERB
taxlaw-8367	702	32	,	,	PUNCT
taxlaw-8367	702	33	in	in	ADP
taxlaw-8367	702	34	turn	turn	NOUN
taxlaw-8367	702	35	,	,	PUNCT
taxlaw-8367	702	36	on	on	ADP
taxlaw-8367	702	37	the	the	DET
taxlaw-8367	702	38	idea	idea	NOUN
taxlaw-8367	702	39	that	that	SCONJ
taxlaw-8367	702	40	128	128	NUM
taxlaw-8367	702	41	see	see	VERB
taxlaw-8367	702	42	,	,	PUNCT
taxlaw-8367	702	43	e.g.	e.g.	ADV
taxlaw-8367	702	44	,	,	PUNCT
taxlaw-8367	702	45	i.r.c	i.r.c	NOUN
taxlaw-8367	702	46	.	.	PUNCT
taxlaw-8367	703	1	§	§	PROPN
taxlaw-8367	703	2	1033(a)(2	1033(a)(2	PROPN
taxlaw-8367	703	3	)	)	PUNCT
taxlaw-8367	703	4	(	(	PUNCT
taxlaw-8367	703	5	treating	treat	VERB
taxlaw-8367	703	6	amounts	amount	NOUN
taxlaw-8367	703	7	realized	realize	VERB
taxlaw-8367	703	8	on	on	ADP
taxlaw-8367	703	9	involuntary	involuntary	ADJ
taxlaw-8367	703	10	conversions	conversion	NOUN
taxlaw-8367	703	11	of	of	ADP
taxlaw-8367	703	12	property	property	NOUN
taxlaw-8367	703	13	,	,	PUNCT
taxlaw-8367	703	14	which	which	PRON
taxlaw-8367	703	15	includes	include	VERB
taxlaw-8367	703	16	insurance	insurance	NOUN
taxlaw-8367	703	17	proceeds	proceed	NOUN
taxlaw-8367	703	18	,	,	PUNCT
taxlaw-8367	703	19	as	as	ADP
taxlaw-8367	703	20	taxable	taxable	ADJ
taxlaw-8367	703	21	income	income	NOUN
taxlaw-8367	703	22	unless	unless	SCONJ
taxlaw-8367	703	23	invested	invest	VERB
taxlaw-8367	703	24	in	in	ADP
taxlaw-8367	703	25	similar	similar	ADJ
taxlaw-8367	703	26	or	or	CCONJ
taxlaw-8367	703	27	related	related	ADJ
taxlaw-8367	703	28	property	property	NOUN
taxlaw-8367	703	29	)	)	PUNCT
taxlaw-8367	703	30	.	.	PUNCT
taxlaw-8367	704	1	129	129	NUM
taxlaw-8367	705	1	i	i	PRON
taxlaw-8367	705	2	d.	d.	PROPN
taxlaw-8367	705	3	130	130	NUM
taxlaw-8367	705	4	david	david	PROPN
taxlaw-8367	705	5	hasen	hasen	PROPN
taxlaw-8367	705	6	,	,	PUNCT
taxlaw-8367	705	7	how	how	SCONJ
taxlaw-8367	705	8	should	should	AUX
taxlaw-8367	705	9	gifts	gift	NOUN
taxlaw-8367	705	10	be	be	AUX
taxlaw-8367	705	11	treated	treat	VERB
taxlaw-8367	705	12	under	under	ADP
taxlaw-8367	705	13	the	the	DET
taxlaw-8367	705	14	federal	federal	ADJ
taxlaw-8367	705	15	income	income	NOUN
taxlaw-8367	705	16	tax	tax	NOUN
taxlaw-8367	705	17	?	?	PROPN
taxlaw-8367	705	18	,	,	PUNCT
taxlaw-8367	705	19	2018	2018	NUM
taxlaw-8367	705	20	mich	mich	X
taxlaw-8367	705	21	.	.	PUNCT
taxlaw-8367	706	1	state	state	PROPN
taxlaw-8367	706	2	l.	l.	PROPN
taxlaw-8367	706	3	rev	rev	PROPN
taxlaw-8367	706	4	.	.	PROPN
taxlaw-8367	706	5	81	81	NUM
taxlaw-8367	706	6	,	,	PUNCT
taxlaw-8367	706	7	83	83	NUM
taxlaw-8367	706	8	-	-	SYM
taxlaw-8367	706	9	84	84	NUM
taxlaw-8367	706	10	(	(	PUNCT
taxlaw-8367	706	11	2018	2018	NUM
taxlaw-8367	706	12	)	)	PUNCT
taxlaw-8367	706	13	.	.	PUNCT
taxlaw-8367	707	1	2021	2021	NUM
taxlaw-8367	707	2	]	]	PUNCT
taxlaw-8367	707	3	debt	debt	NOUN
taxlaw-8367	707	4	and	and	CCONJ
taxlaw-8367	707	5	taxes	taxis	NOUN
taxlaw-8367	707	6	115	115	NUM
taxlaw-8367	707	7	interest	interest	NOUN
taxlaw-8367	707	8	payments	payment	NOUN
taxlaw-8367	707	9	represent	represent	VERB
taxlaw-8367	707	10	a	a	DET
taxlaw-8367	707	11	taxable	taxable	ADJ
taxlaw-8367	707	12	purchase	purchase	NOUN
taxlaw-8367	707	13	of	of	ADP
taxlaw-8367	707	14	liquidity	liquidity	NOUN
taxlaw-8367	707	15	.	.	PUNCT
taxlaw-8367	708	1	131	131	NUM
taxlaw-8367	709	1	but	but	CCONJ
taxlaw-8367	709	2	if	if	SCONJ
taxlaw-8367	709	3	the	the	DET
taxlaw-8367	709	4	interest	interest	NOUN
taxlaw-8367	709	5	is	be	AUX
taxlaw-8367	709	6	deductible	deductible	ADJ
taxlaw-8367	709	7	,	,	PUNCT
taxlaw-8367	709	8	it	it	PRON
taxlaw-8367	709	9	appears	appear	VERB
taxlaw-8367	709	10	the	the	DET
taxlaw-8367	709	11	purchase	purchase	NOUN
taxlaw-8367	709	12	is	be	AUX
taxlaw-8367	709	13	not	not	PART
taxlaw-8367	709	14	made	make	VERB
taxlaw-8367	709	15	with	with	ADP
taxlaw-8367	709	16	after	after	ADP
taxlaw-8367	709	17	-	-	PUNCT
taxlaw-8367	709	18	tax	tax	NOUN
taxlaw-8367	709	19	dollars	dollar	NOUN
taxlaw-8367	709	20	and	and	CCONJ
taxlaw-8367	709	21	the	the	DET
taxlaw-8367	709	22	arguments	argument	NOUN
taxlaw-8367	709	23	for	for	ADP
taxlaw-8367	709	24	non	non	ADJ
taxlaw-8367	709	25	-	-	NOUN
taxlaw-8367	709	26	inclusion	inclusion	NOUN
taxlaw-8367	709	27	of	of	ADP
taxlaw-8367	709	28	loan	loan	NOUN
taxlaw-8367	709	29	proceeds	proceed	NOUN
taxlaw-8367	709	30	and	and	CCONJ
taxlaw-8367	709	31	basis	basis	NOUN
taxlaw-8367	709	32	credit	credit	NOUN
taxlaw-8367	709	33	for	for	ADP
taxlaw-8367	709	34	them	they	PRON
taxlaw-8367	709	35	become	become	VERB
taxlaw-8367	709	36	weaker	weak	ADJ
taxlaw-8367	709	37	.	.	PUNCT
taxlaw-8367	710	1	nevertheless	nevertheless	ADV
taxlaw-8367	710	2	,	,	PUNCT
taxlaw-8367	710	3	although	although	SCONJ
taxlaw-8367	710	4	plausible	plausible	ADJ
taxlaw-8367	710	5	,	,	PUNCT
taxlaw-8367	710	6	the	the	DET
taxlaw-8367	710	7	idea	idea	NOUN
taxlaw-8367	710	8	that	that	SCONJ
taxlaw-8367	710	9	treatment	treatment	NOUN
taxlaw-8367	710	10	of	of	ADP
taxlaw-8367	710	11	the	the	DET
taxlaw-8367	710	12	loan	loan	NOUN
taxlaw-8367	710	13	proceeds	proceed	NOUN
taxlaw-8367	710	14	under	under	ADP
taxlaw-8367	710	15	lal	lal	PROPN
taxlaw-8367	710	16	depends	depend	VERB
taxlaw-8367	710	17	on	on	ADP
taxlaw-8367	710	18	whether	whether	SCONJ
taxlaw-8367	710	19	the	the	DET
taxlaw-8367	710	20	interest	interest	NOUN
taxlaw-8367	710	21	paid	pay	VERB
taxlaw-8367	710	22	is	be	AUX
taxlaw-8367	710	23	deductible	deductible	ADJ
taxlaw-8367	710	24	is	be	AUX
taxlaw-8367	710	25	incorrect	incorrect	ADJ
taxlaw-8367	710	26	for	for	ADP
taxlaw-8367	710	27	two	two	NUM
taxlaw-8367	710	28	related	related	ADJ
taxlaw-8367	710	29	reasons	reason	NOUN
taxlaw-8367	710	30	.	.	PUNCT
taxlaw-8367	711	1	it	it	PRON
taxlaw-8367	711	2	mistakes	mistake	VERB
taxlaw-8367	711	3	the	the	DET
taxlaw-8367	711	4	tax	tax	NOUN
taxlaw-8367	711	5	treatment	treatment	NOUN
taxlaw-8367	711	6	of	of	ADP
taxlaw-8367	711	7	a	a	DET
taxlaw-8367	711	8	deductible	deductible	ADJ
taxlaw-8367	711	9	outlay	outlay	NOUN
taxlaw-8367	711	10	with	with	ADP
taxlaw-8367	711	11	tax	tax	NOUN
taxlaw-8367	711	12	consequences	consequence	NOUN
taxlaw-8367	711	13	that	that	PRON
taxlaw-8367	711	14	flow	flow	VERB
taxlaw-8367	711	15	from	from	ADP
taxlaw-8367	711	16	a	a	DET
taxlaw-8367	711	17	deductible	deductible	ADJ
taxlaw-8367	711	18	outlay	outlay	NOUN
taxlaw-8367	711	19	.	.	PUNCT
taxlaw-8367	712	1	more	more	ADV
taxlaw-8367	712	2	basically	basically	ADV
taxlaw-8367	712	3	,	,	PUNCT
taxlaw-8367	712	4	it	it	PRON
taxlaw-8367	712	5	rests	rest	VERB
taxlaw-8367	712	6	on	on	ADP
taxlaw-8367	712	7	a	a	DET
taxlaw-8367	712	8	mistaken	mistaken	ADJ
taxlaw-8367	712	9	understanding	understanding	NOUN
taxlaw-8367	712	10	of	of	ADP
taxlaw-8367	712	11	the	the	DET
taxlaw-8367	712	12	reasons	reason	NOUN
taxlaw-8367	712	13	for	for	ADP
taxlaw-8367	712	14	business	business	NOUN
taxlaw-8367	712	15	deductions	deduction	NOUN
taxlaw-8367	712	16	and	and	CCONJ
taxlaw-8367	712	17	their	their	PRON
taxlaw-8367	712	18	effects	effect	NOUN
taxlaw-8367	712	19	on	on	ADP
taxlaw-8367	712	20	the	the	DET
taxlaw-8367	712	21	taxpayer	taxpayer	NOUN
taxlaw-8367	712	22	.	.	PUNCT
taxlaw-8367	713	1	as	as	ADP
taxlaw-8367	713	2	a	a	DET
taxlaw-8367	713	3	preliminary	preliminary	ADJ
taxlaw-8367	713	4	matter	matter	NOUN
taxlaw-8367	713	5	,	,	PUNCT
taxlaw-8367	713	6	it	it	PRON
taxlaw-8367	713	7	is	be	AUX
taxlaw-8367	713	8	helpful	helpful	ADJ
taxlaw-8367	713	9	to	to	PART
taxlaw-8367	713	10	clarify	clarify	VERB
taxlaw-8367	713	11	the	the	DET
taxlaw-8367	713	12	stakes	stake	NOUN
taxlaw-8367	713	13	of	of	ADP
taxlaw-8367	713	14	the	the	DET
taxlaw-8367	713	15	question	question	NOUN
taxlaw-8367	713	16	.	.	PUNCT
taxlaw-8367	714	1	recall	recall	VERB
taxlaw-8367	714	2	that	that	SCONJ
taxlaw-8367	714	3	all	all	PRON
taxlaw-8367	714	4	that	that	PRON
taxlaw-8367	714	5	is	be	AUX
taxlaw-8367	714	6	purchased	purchase	VERB
taxlaw-8367	714	7	in	in	ADP
taxlaw-8367	714	8	any	any	DET
taxlaw-8367	714	9	given	give	VERB
taxlaw-8367	714	10	period	period	NOUN
taxlaw-8367	714	11	is	be	AUX
taxlaw-8367	714	12	the	the	DET
taxlaw-8367	714	13	use	use	NOUN
taxlaw-8367	714	14	of	of	ADP
taxlaw-8367	714	15	funds	fund	NOUN
taxlaw-8367	714	16	for	for	ADP
taxlaw-8367	714	17	that	that	DET
taxlaw-8367	714	18	period	period	NOUN
taxlaw-8367	714	19	.	.	PUNCT
taxlaw-8367	715	1	periodic	periodic	ADJ
taxlaw-8367	715	2	interest	interest	NOUN
taxlaw-8367	715	3	payments	payment	NOUN
taxlaw-8367	715	4	under	under	ADP
taxlaw-8367	715	5	a	a	DET
taxlaw-8367	715	6	simple	simple	ADJ
taxlaw-8367	715	7	loan	loan	NOUN
taxlaw-8367	715	8	entitle	entitle	NOUN
taxlaw-8367	715	9	the	the	DET
taxlaw-8367	715	10	borrower	borrower	NOUN
taxlaw-8367	715	11	to	to	ADP
taxlaw-8367	715	12	the	the	DET
taxlaw-8367	715	13	use	use	NOUN
taxlaw-8367	715	14	of	of	ADP
taxlaw-8367	715	15	the	the	DET
taxlaw-8367	715	16	funds	fund	NOUN
taxlaw-8367	715	17	for	for	ADP
taxlaw-8367	715	18	those	those	DET
taxlaw-8367	715	19	periods	period	NOUN
taxlaw-8367	715	20	but	but	CCONJ
taxlaw-8367	715	21	not	not	PART
taxlaw-8367	715	22	beyond	beyond	ADP
taxlaw-8367	715	23	them	they	PRON
taxlaw-8367	715	24	.	.	PUNCT
taxlaw-8367	716	1	therefore	therefore	ADV
taxlaw-8367	716	2	,	,	PUNCT
taxlaw-8367	716	3	the	the	DET
taxlaw-8367	716	4	question	question	NOUN
taxlaw-8367	716	5	becomes	become	VERB
taxlaw-8367	716	6	whether	whether	SCONJ
taxlaw-8367	716	7	there	there	PRON
taxlaw-8367	716	8	ought	ought	AUX
taxlaw-8367	716	9	to	to	PART
taxlaw-8367	716	10	be	be	AUX
taxlaw-8367	716	11	an	an	DET
taxlaw-8367	716	12	inclusion	inclusion	NOUN
taxlaw-8367	716	13	or	or	CCONJ
taxlaw-8367	716	14	a	a	DET
taxlaw-8367	716	15	denial	denial	NOUN
taxlaw-8367	716	16	of	of	ADP
taxlaw-8367	716	17	basis	basis	NOUN
taxlaw-8367	716	18	credit	credit	NOUN
taxlaw-8367	716	19	in	in	ADP
taxlaw-8367	716	20	the	the	DET
taxlaw-8367	716	21	loan	loan	NOUN
taxlaw-8367	716	22	proceeds	proceed	NOUN
taxlaw-8367	716	23	for	for	ADP
taxlaw-8367	716	24	that	that	DET
taxlaw-8367	716	25	period	period	NOUN
taxlaw-8367	716	26	if	if	SCONJ
taxlaw-8367	716	27	the	the	DET
taxlaw-8367	716	28	associated	associated	ADJ
taxlaw-8367	716	29	interest	interest	NOUN
taxlaw-8367	716	30	payment	payment	NOUN
taxlaw-8367	716	31	is	be	AUX
taxlaw-8367	716	32	deductible	deductible	ADJ
taxlaw-8367	716	33	.	.	PUNCT
taxlaw-8367	717	1	further	far	ADV
taxlaw-8367	717	2	,	,	PUNCT
taxlaw-8367	717	3	if	if	SCONJ
taxlaw-8367	717	4	one	one	PRON
taxlaw-8367	717	5	concluded	conclude	VERB
taxlaw-8367	717	6	that	that	SCONJ
taxlaw-8367	717	7	an	an	DET
taxlaw-8367	717	8	inclusion	inclusion	NOUN
taxlaw-8367	717	9	was	be	AUX
taxlaw-8367	717	10	appropriate	appropriate	ADJ
taxlaw-8367	717	11	,	,	PUNCT
taxlaw-8367	717	12	the	the	DET
taxlaw-8367	717	13	amount	amount	NOUN
taxlaw-8367	717	14	would	would	AUX
taxlaw-8367	717	15	be	be	AUX
taxlaw-8367	717	16	equal	equal	ADJ
taxlaw-8367	717	17	to	to	ADP
taxlaw-8367	717	18	the	the	DET
taxlaw-8367	717	19	value	value	NOUN
taxlaw-8367	717	20	of	of	ADP
taxlaw-8367	717	21	the	the	DET
taxlaw-8367	717	22	use	use	NOUN
taxlaw-8367	717	23	of	of	ADP
taxlaw-8367	717	24	the	the	DET
taxlaw-8367	717	25	loan	loan	NOUN
taxlaw-8367	717	26	proceeds	proceed	NOUN
taxlaw-8367	717	27	for	for	ADP
taxlaw-8367	717	28	that	that	DET
taxlaw-8367	717	29	period	period	NOUN
taxlaw-8367	717	30	,	,	PUNCT
taxlaw-8367	717	31	which	which	PRON
taxlaw-8367	717	32	by	by	ADP
taxlaw-8367	717	33	definition	definition	NOUN
taxlaw-8367	717	34	is	be	AUX
taxlaw-8367	717	35	the	the	DET
taxlaw-8367	717	36	interest	interest	NOUN
taxlaw-8367	717	37	paid	pay	VERB
taxlaw-8367	717	38	,	,	PUNCT
taxlaw-8367	717	39	not	not	PART
taxlaw-8367	717	40	the	the	DET
taxlaw-8367	717	41	face	face	NOUN
taxlaw-8367	717	42	amount	amount	NOUN
taxlaw-8367	717	43	of	of	ADP
taxlaw-8367	717	44	the	the	DET
taxlaw-8367	717	45	loan	loan	NOUN
taxlaw-8367	717	46	.	.	PUNCT
taxlaw-8367	718	1	this	this	PRON
taxlaw-8367	718	2	amounts	amount	VERB
taxlaw-8367	718	3	to	to	ADP
taxlaw-8367	718	4	arguing	argue	VERB
taxlaw-8367	718	5	that	that	SCONJ
taxlaw-8367	718	6	no	no	DET
taxlaw-8367	718	7	deduction	deduction	NOUN
taxlaw-8367	718	8	should	should	AUX
taxlaw-8367	718	9	be	be	AUX
taxlaw-8367	718	10	available	available	ADJ
taxlaw-8367	718	11	for	for	ADP
taxlaw-8367	718	12	interest	interest	NOUN
taxlaw-8367	718	13	.	.	PUNCT
taxlaw-8367	719	1	stated	state	VERB
taxlaw-8367	719	2	otherwise	otherwise	ADV
taxlaw-8367	719	3	,	,	PUNCT
taxlaw-8367	719	4	the	the	DET
taxlaw-8367	719	5	argument	argument	NOUN
taxlaw-8367	719	6	for	for	ADP
taxlaw-8367	719	7	inclusion	inclusion	NOUN
taxlaw-8367	719	8	turns	turn	VERB
taxlaw-8367	719	9	out	out	ADP
taxlaw-8367	719	10	to	to	PART
taxlaw-8367	719	11	be	be	AUX
taxlaw-8367	719	12	that	that	SCONJ
taxlaw-8367	719	13	interest	interest	NOUN
taxlaw-8367	719	14	should	should	AUX
taxlaw-8367	719	15	never	never	ADV
taxlaw-8367	719	16	be	be	AUX
taxlaw-8367	719	17	deductible	deductible	ADJ
taxlaw-8367	719	18	.	.	PUNCT
taxlaw-8367	720	1	begin	begin	VERB
taxlaw-8367	720	2	with	with	ADP
taxlaw-8367	720	3	the	the	DET
taxlaw-8367	720	4	consequences	consequence	NOUN
taxlaw-8367	720	5	of	of	ADP
taxlaw-8367	720	6	the	the	DET
taxlaw-8367	720	7	deductible	deductible	ADJ
taxlaw-8367	720	8	payment	payment	NOUN
taxlaw-8367	720	9	itself	itself	PRON
taxlaw-8367	720	10	.	.	PUNCT
taxlaw-8367	721	1	the	the	DET
taxlaw-8367	721	2	receipt	receipt	NOUN
taxlaw-8367	721	3	of	of	ADP
taxlaw-8367	721	4	goods	good	NOUN
taxlaw-8367	721	5	or	or	CCONJ
taxlaw-8367	721	6	services	service	NOUN
taxlaw-8367	721	7	in	in	ADP
taxlaw-8367	721	8	exchange	exchange	NOUN
taxlaw-8367	721	9	for	for	ADP
taxlaw-8367	721	10	a	a	DET
taxlaw-8367	721	11	deductible	deductible	ADJ
taxlaw-8367	721	12	payment	payment	NOUN
taxlaw-8367	721	13	does	do	AUX
taxlaw-8367	721	14	not	not	PART
taxlaw-8367	721	15	trigger	trigger	VERB
taxlaw-8367	721	16	income	income	NOUN
taxlaw-8367	721	17	to	to	ADP
taxlaw-8367	721	18	the	the	DET
taxlaw-8367	721	19	taxpayer.132	taxpayer.132	NOUN
taxlaw-8367	721	20	if	if	SCONJ
taxlaw-8367	721	21	it	it	PRON
taxlaw-8367	721	22	did	do	VERB
taxlaw-8367	721	23	,	,	PUNCT
taxlaw-8367	721	24	then	then	ADV
taxlaw-8367	721	25	the	the	DET
taxlaw-8367	721	26	deduction	deduction	NOUN
taxlaw-8367	721	27	itself	itself	PRON
taxlaw-8367	721	28	would	would	AUX
taxlaw-8367	721	29	be	be	AUX
taxlaw-8367	721	30	pointless	pointless	ADJ
taxlaw-8367	721	31	.	.	PUNCT
taxlaw-8367	722	1	for	for	ADP
taxlaw-8367	722	2	example	example	NOUN
taxlaw-8367	722	3	,	,	PUNCT
taxlaw-8367	722	4	most	most	ADJ
taxlaw-8367	722	5	salary	salary	NOUN
taxlaw-8367	722	6	is	be	AUX
taxlaw-8367	722	7	immediately	immediately	ADV
taxlaw-8367	722	8	deductible.133	deductible.133	NOUN
taxlaw-8367	722	9	it	it	PRON
taxlaw-8367	722	10	would	would	AUX
taxlaw-8367	722	11	defeat	defeat	VERB
taxlaw-8367	722	12	the	the	DET
taxlaw-8367	722	13	deduction	deduction	NOUN
taxlaw-8367	722	14	if	if	SCONJ
taxlaw-8367	722	15	the	the	DET
taxlaw-8367	722	16	receipt	receipt	NOUN
taxlaw-8367	722	17	of	of	ADP
taxlaw-8367	722	18	the	the	DET
taxlaw-8367	722	19	service	service	NOUN
taxlaw-8367	722	20	provider	provider	NOUN
taxlaw-8367	722	21	’s	’s	PART
taxlaw-8367	722	22	services	service	NOUN
taxlaw-8367	722	23	thereby	thereby	ADV
taxlaw-8367	722	24	purchased	purchase	VERB
taxlaw-8367	722	25	were	be	AUX
taxlaw-8367	722	26	taxable	taxable	ADJ
taxlaw-8367	722	27	.	.	PUNCT
taxlaw-8367	723	1	instead	instead	ADV
taxlaw-8367	723	2	,	,	PUNCT
taxlaw-8367	723	3	the	the	DET
taxlaw-8367	723	4	service	service	NOUN
taxlaw-8367	723	5	recipient	recipient	NOUN
taxlaw-8367	723	6	has	have	VERB
taxlaw-8367	723	7	no	no	DET
taxlaw-8367	723	8	inclusion	inclusion	NOUN
taxlaw-8367	723	9	,	,	PUNCT
taxlaw-8367	723	10	but	but	CCONJ
taxlaw-8367	723	11	the	the	DET
taxlaw-8367	723	12	cost	cost	NOUN
taxlaw-8367	723	13	of	of	ADP
taxlaw-8367	723	14	the	the	DET
taxlaw-8367	723	15	services	service	NOUN
taxlaw-8367	723	16	is	be	AUX
taxlaw-8367	723	17	not	not	PART
taxlaw-8367	723	18	included	include	VERB
taxlaw-8367	723	19	in	in	ADP
taxlaw-8367	723	20	the	the	DET
taxlaw-8367	723	21	cost	cost	NOUN
taxlaw-8367	723	22	of	of	ADP
taxlaw-8367	723	23	the	the	DET
taxlaw-8367	723	24	goods	good	NOUN
taxlaw-8367	723	25	or	or	CCONJ
taxlaw-8367	723	26	services	service	NOUN
taxlaw-8367	723	27	thereby	thereby	ADV
taxlaw-8367	723	28	produced	produce	VERB
taxlaw-8367	723	29	so	so	SCONJ
taxlaw-8367	723	30	that	that	SCONJ
taxlaw-8367	723	31	the	the	DET
taxlaw-8367	723	32	deduction	deduction	NOUN
taxlaw-8367	723	33	is	be	AUX
taxlaw-8367	723	34	recouped	recoup	VERB
taxlaw-8367	723	35	when	when	SCONJ
taxlaw-8367	723	36	they	they	PRON
taxlaw-8367	723	37	are	be	AUX
taxlaw-8367	723	38	sold	sell	VERB
taxlaw-8367	723	39	.	.	PUNCT
taxlaw-8367	724	1	this	this	DET
taxlaw-8367	724	2	observation	observation	NOUN
taxlaw-8367	724	3	might	might	AUX
taxlaw-8367	724	4	in	in	ADP
taxlaw-8367	724	5	turn	turn	NOUN
taxlaw-8367	724	6	suggest	suggest	VERB
taxlaw-8367	724	7	that	that	SCONJ
taxlaw-8367	724	8	a	a	DET
taxlaw-8367	724	9	taxpayer	taxpayer	NOUN
taxlaw-8367	724	10	who	who	PRON
taxlaw-8367	724	11	deducts	deduct	VERB
taxlaw-8367	724	12	interest	interest	NOUN
taxlaw-8367	724	13	payments	payment	NOUN
taxlaw-8367	724	14	has	have	VERB
taxlaw-8367	724	15	a	a	DET
taxlaw-8367	724	16	zero	zero	NUM
taxlaw-8367	724	17	basis	basis	NOUN
taxlaw-8367	724	18	in	in	ADP
taxlaw-8367	724	19	the	the	DET
taxlaw-8367	724	20	loan	loan	NOUN
taxlaw-8367	724	21	proceeds	proceed	NOUN
taxlaw-8367	724	22	or	or	CCONJ
taxlaw-8367	724	23	in	in	ADP
taxlaw-8367	724	24	what	what	PRON
taxlaw-8367	724	25	is	be	AUX
taxlaw-8367	724	26	purchased	purchase	VERB
taxlaw-8367	724	27	with	with	ADP
taxlaw-8367	724	28	them	they	PRON
taxlaw-8367	724	29	,	,	PUNCT
taxlaw-8367	724	30	much	much	ADV
taxlaw-8367	724	31	as	as	SCONJ
taxlaw-8367	724	32	some	some	PRON
taxlaw-8367	724	33	have	have	AUX
taxlaw-8367	724	34	argued	argue	VERB
taxlaw-8367	724	35	should	should	AUX
taxlaw-8367	724	36	be	be	AUX
taxlaw-8367	724	37	the	the	DET
taxlaw-8367	724	38	case	case	NOUN
taxlaw-8367	724	39	for	for	ADP
taxlaw-8367	724	40	loan	loan	NOUN
taxlaw-8367	724	41	proceeds	proceed	NOUN
taxlaw-8367	724	42	generally	generally	ADV
taxlaw-8367	724	43	.	.	PUNCT
taxlaw-8367	725	1	134	134	NUM
taxlaw-8367	725	2	this	this	DET
taxlaw-8367	725	3	analysis	analysis	NOUN
taxlaw-8367	725	4	,	,	PUNCT
taxlaw-8367	725	5	however	however	ADV
taxlaw-8367	725	6	,	,	PUNCT
taxlaw-8367	725	7	rests	rest	VERB
taxlaw-8367	725	8	on	on	ADP
taxlaw-8367	725	9	a	a	DET
taxlaw-8367	725	10	mistaken	mistaken	ADJ
taxlaw-8367	725	11	view	view	NOUN
taxlaw-8367	725	12	about	about	ADP
taxlaw-8367	725	13	the	the	DET
taxlaw-8367	725	14	reason	reason	NOUN
taxlaw-8367	725	15	a	a	DET
taxlaw-8367	725	16	deduction	deduction	NOUN
taxlaw-8367	725	17	(	(	PUNCT
taxlaw-8367	725	18	or	or	CCONJ
taxlaw-8367	725	19	cost	cost	NOUN
taxlaw-8367	725	20	recovery	recovery	NOUN
taxlaw-8367	725	21	more	more	ADV
taxlaw-8367	725	22	generally	generally	ADV
taxlaw-8367	725	23	)	)	PUNCT
taxlaw-8367	725	24	for	for	ADP
taxlaw-8367	725	25	non	non	ADJ
taxlaw-8367	725	26	-	-	ADJ
taxlaw-8367	725	27	personal	personal	ADJ
taxlaw-8367	725	28	outlays	outlay	NOUN
taxlaw-8367	725	29	is	be	AUX
taxlaw-8367	725	30	permitted	permit	VERB
taxlaw-8367	725	31	in	in	ADP
taxlaw-8367	725	32	the	the	DET
taxlaw-8367	725	33	first	first	ADJ
taxlaw-8367	725	34	place	place	NOUN
taxlaw-8367	725	35	.	.	PUNCT
taxlaw-8367	726	1	as	as	SCONJ
taxlaw-8367	726	2	discussed	discuss	VERB
taxlaw-8367	726	3	in	in	ADP
taxlaw-8367	726	4	part	part	PROPN
taxlaw-8367	726	5	ii	ii	PROPN
taxlaw-8367	726	6	,	,	PUNCT
taxlaw-8367	726	7	a	a	DET
taxlaw-8367	726	8	normative	normative	ADJ
taxlaw-8367	726	9	income	income	NOUN
taxlaw-8367	726	10	tax	tax	NOUN
taxlaw-8367	726	11	reaches	reach	VERB
taxlaw-8367	726	12	the	the	DET
taxlaw-8367	726	13	individual	individual	NOUN
taxlaw-8367	726	14	’s	’s	PART
taxlaw-8367	726	15	net	net	ADJ
taxlaw-8367	726	16	change	change	NOUN
taxlaw-8367	726	17	in	in	ADP
taxlaw-8367	726	18	wealth	wealth	NOUN
taxlaw-8367	726	19	during	during	ADP
taxlaw-8367	726	20	the	the	DET
taxlaw-8367	726	21	taxable	taxable	ADJ
taxlaw-8367	726	22	period.135	period.135	NOUN
taxlaw-8367	726	23	net	net	ADJ
taxlaw-8367	726	24	change	change	NOUN
taxlaw-8367	726	25	in	in	ADP
taxlaw-8367	726	26	wealth	wealth	NOUN
taxlaw-8367	726	27	under	under	ADP
taxlaw-8367	726	28	the	the	DET
taxlaw-8367	726	29	widely	widely	ADV
taxlaw-8367	726	30	-	-	PUNCT
taxlaw-8367	726	31	accepted	accept	VERB
taxlaw-8367	726	32	h	h	NOUN
taxlaw-8367	726	33	-	-	PUNCT
taxlaw-8367	726	34	s	s	NOUN
taxlaw-8367	726	35	income	income	NOUN
taxlaw-8367	726	36	definition	definition	NOUN
taxlaw-8367	726	37	equals	equal	VERB
taxlaw-8367	726	38	the	the	DET
taxlaw-8367	726	39	sum	sum	NOUN
taxlaw-8367	726	40	of	of	ADP
taxlaw-8367	726	41	the	the	DET
taxlaw-8367	726	42	change	change	NOUN
taxlaw-8367	726	43	in	in	ADP
taxlaw-8367	726	44	explicit	explicit	ADJ
taxlaw-8367	726	45	on	on	ADP
taxlaw-8367	726	46	-	-	PUNCT
taxlaw-8367	726	47	hand	hand	NOUN
taxlaw-8367	726	48	resources	resource	NOUN
taxlaw-8367	726	49	plus	plus	CCONJ
taxlaw-8367	726	50	amounts	amount	NOUN
taxlaw-8367	726	51	spent	spend	VERB
taxlaw-8367	726	52	on	on	ADP
taxlaw-8367	726	53	personal	personal	ADJ
taxlaw-8367	726	54	consumption	consumption	NOUN
taxlaw-8367	726	55	.	.	PUNCT
taxlaw-8367	727	1	the	the	DET
taxlaw-8367	727	2	inclusion	inclusion	NOUN
taxlaw-8367	727	3	of	of	ADP
taxlaw-8367	727	4	the	the	DET
taxlaw-8367	727	5	latter	latter	ADJ
taxlaw-8367	727	6	in	in	ADP
taxlaw-8367	727	7	turn	turn	NOUN
taxlaw-8367	727	8	reflects	reflect	VERB
taxlaw-8367	727	9	the	the	DET
taxlaw-8367	727	10	idea	idea	NOUN
taxlaw-8367	727	11	that	that	SCONJ
taxlaw-8367	727	12	personal	personal	ADJ
taxlaw-8367	727	13	consumption	consumption	NOUN
taxlaw-8367	727	14	is	be	AUX
taxlaw-8367	727	15	merely	merely	ADV
taxlaw-8367	727	16	the	the	DET
taxlaw-8367	727	17	transformation	transformation	NOUN
taxlaw-8367	727	18	of	of	ADP
taxlaw-8367	727	19	the	the	DET
taxlaw-8367	727	20	thing	thing	NOUN
taxlaw-8367	727	21	consumed	consume	VERB
taxlaw-8367	727	22	into	into	ADP
taxlaw-8367	727	23	some	some	DET
taxlaw-8367	727	24	personal	personal	ADJ
taxlaw-8367	727	25	benefit	benefit	NOUN
taxlaw-8367	727	26	to	to	ADP
taxlaw-8367	727	27	the	the	DET
taxlaw-8367	727	28	consumer	consumer	NOUN
taxlaw-8367	727	29	,	,	PUNCT
taxlaw-8367	727	30	or	or	CCONJ
taxlaw-8367	727	31	what	what	PRON
taxlaw-8367	727	32	is	be	AUX
taxlaw-8367	727	33	the	the	DET
taxlaw-8367	727	34	same	same	ADJ
taxlaw-8367	727	35	,	,	PUNCT
taxlaw-8367	727	36	that	that	SCONJ
taxlaw-8367	727	37	the	the	DET
taxlaw-8367	727	38	voluntary	voluntary	ADJ
taxlaw-8367	727	39	aspect	aspect	NOUN
taxlaw-8367	727	40	of	of	ADP
taxlaw-8367	727	41	the	the	DET
taxlaw-8367	727	42	conversion	conversion	NOUN
taxlaw-8367	727	43	of	of	ADP
taxlaw-8367	727	44	wealth	wealth	NOUN
taxlaw-8367	727	45	into	into	ADP
taxlaw-8367	727	46	a	a	DET
taxlaw-8367	727	47	consumption	consumption	NOUN
taxlaw-8367	727	48	experience	experience	NOUN
taxlaw-8367	727	49	signals	signal	NOUN
taxlaw-8367	727	50	that	that	SCONJ
taxlaw-8367	727	51	the	the	DET
taxlaw-8367	727	52	consumer	consumer	NOUN
taxlaw-8367	727	53	is	be	AUX
taxlaw-8367	727	54	no	no	ADV
taxlaw-8367	727	55	worse	bad	ADJ
taxlaw-8367	727	56	off	off	ADP
taxlaw-8367	727	57	by	by	ADP
taxlaw-8367	727	58	reason	reason	NOUN
taxlaw-8367	727	59	of	of	ADP
taxlaw-8367	727	60	the	the	DET
taxlaw-8367	727	61	expenditure.136	expenditure.136	NOUN
taxlaw-8367	727	62	if	if	SCONJ
taxlaw-8367	727	63	two	two	NUM
taxlaw-8367	727	64	individuals	individual	NOUN
taxlaw-8367	727	65	each	each	PRON
taxlaw-8367	727	66	earn	earn	VERB
taxlaw-8367	727	67	$	$	SYM
taxlaw-8367	727	68	100k	100k	NUM
taxlaw-8367	727	69	of	of	ADP
taxlaw-8367	727	70	salary	salary	NOUN
taxlaw-8367	727	71	income	income	NOUN
taxlaw-8367	727	72	during	during	ADP
taxlaw-8367	727	73	the	the	DET
taxlaw-8367	727	74	taxable	taxable	ADJ
taxlaw-8367	727	75	period	period	NOUN
taxlaw-8367	727	76	but	but	CCONJ
taxlaw-8367	727	77	one	one	NUM
taxlaw-8367	727	78	of	of	ADP
taxlaw-8367	727	79	them	they	PRON
taxlaw-8367	727	80	spends	spend	VERB
taxlaw-8367	727	81	$	$	SYM
taxlaw-8367	727	82	30k	30k	NUM
taxlaw-8367	727	83	on	on	ADP
taxlaw-8367	727	84	consumption	consumption	NOUN
taxlaw-8367	727	85	and	and	CCONJ
taxlaw-8367	727	86	the	the	DET
taxlaw-8367	727	87	other	other	ADJ
taxlaw-8367	727	88	$	$	SYM
taxlaw-8367	727	89	60k	60k	NUM
taxlaw-8367	727	90	,	,	PUNCT
taxlaw-8367	727	91	it	it	PRON
taxlaw-8367	727	92	is	be	AUX
taxlaw-8367	727	93	not	not	PART
taxlaw-8367	727	94	131	131	NUM
taxlaw-8367	727	95	see	see	NOUN
taxlaw-8367	727	96	supra	supra	PROPN
taxlaw-8367	727	97	part	part	NOUN
taxlaw-8367	727	98	iii.b	iii.b	PROPN
taxlaw-8367	727	99	.	.	PROPN
taxlaw-8367	727	100	132	132	NUM
taxlaw-8367	727	101	the	the	DET
taxlaw-8367	727	102	general	general	ADJ
taxlaw-8367	727	103	rule	rule	NOUN
taxlaw-8367	727	104	for	for	ADP
taxlaw-8367	727	105	deductibility	deductibility	NOUN
taxlaw-8367	727	106	is	be	AUX
taxlaw-8367	727	107	set	set	VERB
taxlaw-8367	727	108	forth	forth	ADP
taxlaw-8367	727	109	in	in	ADP
taxlaw-8367	727	110	section	section	NOUN
taxlaw-8367	727	111	162(a	162(a	PROPN
taxlaw-8367	727	112	)	)	PUNCT
taxlaw-8367	727	113	,	,	PUNCT
taxlaw-8367	727	114	which	which	PRON
taxlaw-8367	727	115	permits	permit	VERB
taxlaw-8367	727	116	a	a	DET
taxlaw-8367	727	117	deduction	deduction	NOUN
taxlaw-8367	727	118	for	for	ADP
taxlaw-8367	727	119	ordinary	ordinary	ADJ
taxlaw-8367	727	120	and	and	CCONJ
taxlaw-8367	727	121	necessary	necessary	ADJ
taxlaw-8367	727	122	business	business	NOUN
taxlaw-8367	727	123	expenses	expense	NOUN
taxlaw-8367	727	124	.	.	PUNCT
taxlaw-8367	728	1	133	133	NUM
taxlaw-8367	728	2	i.r.c	i.r.c	NOUN
taxlaw-8367	728	3	.	.	PUNCT
taxlaw-8367	729	1	§	§	PROPN
taxlaw-8367	729	2	162(a)(1	162(a)(1	NUM
taxlaw-8367	729	3	)	)	PUNCT
taxlaw-8367	729	4	.	.	PUNCT
taxlaw-8367	730	1	business	business	NOUN
taxlaw-8367	730	2	expenditures	expenditure	NOUN
taxlaw-8367	730	3	that	that	PRON
taxlaw-8367	730	4	create	create	VERB
taxlaw-8367	730	5	an	an	DET
taxlaw-8367	730	6	identifiable	identifiable	ADJ
taxlaw-8367	730	7	asset	asset	NOUN
taxlaw-8367	730	8	of	of	ADP
taxlaw-8367	730	9	the	the	DET
taxlaw-8367	730	10	taxpayer	taxpayer	NOUN
taxlaw-8367	730	11	generally	generally	ADV
taxlaw-8367	730	12	are	be	AUX
taxlaw-8367	730	13	not	not	PART
taxlaw-8367	730	14	deductible	deductible	ADJ
taxlaw-8367	730	15	;	;	PUNCT
taxlaw-8367	730	16	instead	instead	ADV
taxlaw-8367	730	17	,	,	PUNCT
taxlaw-8367	730	18	the	the	DET
taxlaw-8367	730	19	outlay	outlay	NOUN
taxlaw-8367	730	20	is	be	AUX
taxlaw-8367	730	21	capitalized	capitalize	VERB
taxlaw-8367	730	22	—	—	PUNCT
taxlaw-8367	730	23	added	add	VERB
taxlaw-8367	730	24	to	to	ADP
taxlaw-8367	730	25	the	the	DET
taxlaw-8367	730	26	basis	basis	NOUN
taxlaw-8367	730	27	of	of	ADP
taxlaw-8367	730	28	the	the	DET
taxlaw-8367	730	29	asset	asset	NOUN
taxlaw-8367	730	30	so	so	ADV
taxlaw-8367	730	31	created	create	VERB
taxlaw-8367	730	32	.	.	PUNCT
taxlaw-8367	731	1	i.r.c	i.r.c	NOUN
taxlaw-8367	731	2	.	.	PUNCT
taxlaw-8367	732	1	§	§	PROPN
taxlaw-8367	732	2	§	§	PROPN
taxlaw-8367	732	3	263(a	263(a	NUM
taxlaw-8367	732	4	)	)	PUNCT
taxlaw-8367	732	5	,	,	PUNCT
taxlaw-8367	732	6	263a(a	263a(a	NUM
taxlaw-8367	732	7	)	)	PUNCT
taxlaw-8367	732	8	.	.	PUNCT
taxlaw-8367	733	1	134	134	NUM
taxlaw-8367	733	2	see	see	VERB
taxlaw-8367	733	3	supra	supra	PROPN
taxlaw-8367	733	4	part	part	NOUN
taxlaw-8367	733	5	ii.c	ii.c	VERB
taxlaw-8367	733	6	.	.	PUNCT
taxlaw-8367	734	1	135	135	NUM
taxlaw-8367	734	2	see	see	VERB
taxlaw-8367	734	3	supra	supra	PROPN
taxlaw-8367	734	4	part	part	PROPN
taxlaw-8367	734	5	ii	ii	PROPN
taxlaw-8367	734	6	.	.	PROPN
taxlaw-8367	734	7	136	136	NUM
taxlaw-8367	734	8	andrews	andrews	PROPN
taxlaw-8367	734	9	,	,	PUNCT
taxlaw-8367	734	10	supra	supra	PROPN
taxlaw-8367	734	11	note	note	NOUN
taxlaw-8367	734	12	75	75	NUM
taxlaw-8367	734	13	,	,	PUNCT
taxlaw-8367	734	14	at	at	ADP
taxlaw-8367	734	15	1114	1114	NUM
taxlaw-8367	734	16	.	.	PUNCT
taxlaw-8367	735	1	116	116	NUM
taxlaw-8367	735	2	columbia	columbia	PROPN
taxlaw-8367	735	3	journal	journal	PROPN
taxlaw-8367	735	4	of	of	ADP
taxlaw-8367	735	5	tax	tax	NOUN
taxlaw-8367	735	6	law	law	NOUN
taxlaw-8367	735	7	[	[	X
taxlaw-8367	735	8	vol	vol	NOUN
taxlaw-8367	735	9	.	.	PUNCT
taxlaw-8367	736	1	12:89	12:89	NUM
taxlaw-8367	736	2	appropriate	appropriate	ADJ
taxlaw-8367	736	3	to	to	PART
taxlaw-8367	736	4	treat	treat	VERB
taxlaw-8367	736	5	them	they	PRON
taxlaw-8367	736	6	differently	differently	ADV
taxlaw-8367	736	7	under	under	ADP
taxlaw-8367	736	8	an	an	DET
taxlaw-8367	736	9	income	income	NOUN
taxlaw-8367	736	10	tax	tax	NOUN
taxlaw-8367	736	11	.	.	PUNCT
taxlaw-8367	737	1	one	one	NUM
taxlaw-8367	737	2	has	have	AUX
taxlaw-8367	737	3	chosen	choose	VERB
taxlaw-8367	737	4	to	to	PART
taxlaw-8367	737	5	defer	defer	VERB
taxlaw-8367	737	6	more	more	ADJ
taxlaw-8367	737	7	consumption	consumption	NOUN
taxlaw-8367	737	8	than	than	ADP
taxlaw-8367	737	9	the	the	DET
taxlaw-8367	737	10	other	other	ADJ
taxlaw-8367	737	11	,	,	PUNCT
taxlaw-8367	737	12	but	but	CCONJ
taxlaw-8367	737	13	that	that	PRON
taxlaw-8367	737	14	is	be	AUX
taxlaw-8367	737	15	not	not	PART
taxlaw-8367	737	16	a	a	DET
taxlaw-8367	737	17	reason	reason	NOUN
taxlaw-8367	737	18	to	to	PART
taxlaw-8367	737	19	tax	tax	VERB
taxlaw-8367	737	20	that	that	DET
taxlaw-8367	737	21	person	person	NOUN
taxlaw-8367	737	22	more	more	ADJ
taxlaw-8367	737	23	heavily.137	heavily.137	NOUN
taxlaw-8367	737	24	within	within	ADP
taxlaw-8367	737	25	this	this	DET
taxlaw-8367	737	26	framework	framework	NOUN
taxlaw-8367	737	27	,	,	PUNCT
taxlaw-8367	737	28	outlays	outlay	NOUN
taxlaw-8367	737	29	incurred	incur	VERB
taxlaw-8367	737	30	to	to	PART
taxlaw-8367	737	31	produce	produce	VERB
taxlaw-8367	737	32	income	income	NOUN
taxlaw-8367	737	33	enjoy	enjoy	VERB
taxlaw-8367	737	34	separate	separate	ADJ
taxlaw-8367	737	35	treatment	treatment	NOUN
taxlaw-8367	737	36	.	.	PUNCT
taxlaw-8367	738	1	amounts	amount	NOUN
taxlaw-8367	738	2	expended	expend	VERB
taxlaw-8367	738	3	on	on	ADP
taxlaw-8367	738	4	supplies	supply	NOUN
taxlaw-8367	738	5	,	,	PUNCT
taxlaw-8367	738	6	utilities	utility	NOUN
taxlaw-8367	738	7	,	,	PUNCT
taxlaw-8367	738	8	and	and	CCONJ
taxlaw-8367	738	9	related	related	ADJ
taxlaw-8367	738	10	items	item	NOUN
taxlaw-8367	738	11	to	to	PART
taxlaw-8367	738	12	generate	generate	VERB
taxlaw-8367	738	13	net	net	ADJ
taxlaw-8367	738	14	positive	positive	ADJ
taxlaw-8367	738	15	incomes	income	NOUN
taxlaw-8367	738	16	in	in	ADP
taxlaw-8367	738	17	the	the	DET
taxlaw-8367	738	18	current	current	ADJ
taxlaw-8367	738	19	taxable	taxable	ADJ
taxlaw-8367	738	20	period	period	NOUN
taxlaw-8367	738	21	are	be	AUX
taxlaw-8367	738	22	subtracted	subtract	VERB
taxlaw-8367	738	23	from	from	ADP
taxlaw-8367	738	24	income	income	NOUN
taxlaw-8367	738	25	to	to	PART
taxlaw-8367	738	26	avoid	avoid	VERB
taxlaw-8367	738	27	overstating	overstate	VERB
taxlaw-8367	738	28	,	,	PUNCT
taxlaw-8367	738	29	perhaps	perhaps	ADV
taxlaw-8367	738	30	dramatically	dramatically	ADV
taxlaw-8367	738	31	,	,	PUNCT
taxlaw-8367	738	32	the	the	DET
taxlaw-8367	738	33	individual	individual	NOUN
taxlaw-8367	738	34	’s	’s	PART
taxlaw-8367	738	35	true	true	ADJ
taxlaw-8367	738	36	income	income	NOUN
taxlaw-8367	738	37	during	during	ADP
taxlaw-8367	738	38	the	the	DET
taxlaw-8367	738	39	period.138	period.138	PROPN
taxlaw-8367	738	40	an	an	DET
taxlaw-8367	738	41	obvious	obvious	ADJ
taxlaw-8367	738	42	reason	reason	NOUN
taxlaw-8367	738	43	is	be	AUX
taxlaw-8367	738	44	that	that	SCONJ
taxlaw-8367	738	45	the	the	DET
taxlaw-8367	738	46	outlay	outlay	NOUN
taxlaw-8367	738	47	does	do	AUX
taxlaw-8367	738	48	not	not	PART
taxlaw-8367	738	49	reflect	reflect	VERB
taxlaw-8367	738	50	the	the	DET
taxlaw-8367	738	51	transformation	transformation	NOUN
taxlaw-8367	738	52	of	of	ADP
taxlaw-8367	738	53	wealth	wealth	NOUN
taxlaw-8367	738	54	into	into	ADP
taxlaw-8367	738	55	something	something	PRON
taxlaw-8367	738	56	of	of	ADP
taxlaw-8367	738	57	equal	equal	ADJ
taxlaw-8367	738	58	personal	personal	ADJ
taxlaw-8367	738	59	value	value	NOUN
taxlaw-8367	738	60	but	but	CCONJ
taxlaw-8367	738	61	rather	rather	ADV
taxlaw-8367	738	62	is	be	AUX
taxlaw-8367	738	63	motivated	motivate	VERB
taxlaw-8367	738	64	by	by	ADP
taxlaw-8367	738	65	business	business	NOUN
taxlaw-8367	738	66	exigency	exigency	NOUN
taxlaw-8367	738	67	as	as	ADP
taxlaw-8367	738	68	a	a	DET
taxlaw-8367	738	69	means	means	NOUN
taxlaw-8367	738	70	to	to	PART
taxlaw-8367	738	71	create	create	VERB
taxlaw-8367	738	72	wealth	wealth	NOUN
taxlaw-8367	738	73	that	that	SCONJ
taxlaw-8367	738	74	at	at	ADP
taxlaw-8367	738	75	some	some	DET
taxlaw-8367	738	76	future	future	ADJ
taxlaw-8367	738	77	point	point	NOUN
taxlaw-8367	738	78	will	will	AUX
taxlaw-8367	738	79	be	be	AUX
taxlaw-8367	738	80	converted	convert	VERB
taxlaw-8367	738	81	into	into	ADP
taxlaw-8367	738	82	consumption	consumption	NOUN
taxlaw-8367	738	83	(	(	PUNCT
taxlaw-8367	738	84	whether	whether	SCONJ
taxlaw-8367	738	85	by	by	ADP
taxlaw-8367	738	86	the	the	DET
taxlaw-8367	738	87	individual	individual	NOUN
taxlaw-8367	738	88	or	or	CCONJ
taxlaw-8367	738	89	by	by	ADP
taxlaw-8367	738	90	someone	someone	PRON
taxlaw-8367	738	91	else	else	ADV
taxlaw-8367	738	92	of	of	ADP
taxlaw-8367	738	93	her	her	PRON
taxlaw-8367	738	94	choice	choice	NOUN
taxlaw-8367	738	95	)	)	PUNCT
taxlaw-8367	738	96	.	.	PUNCT
taxlaw-8367	739	1	as	as	SCONJ
taxlaw-8367	739	2	contrasted	contrast	VERB
taxlaw-8367	739	3	with	with	ADP
taxlaw-8367	739	4	a	a	DET
taxlaw-8367	739	5	home	home	NOUN
taxlaw-8367	739	6	utility	utility	NOUN
taxlaw-8367	739	7	bill	bill	NOUN
taxlaw-8367	739	8	,	,	PUNCT
taxlaw-8367	739	9	amounts	amount	NOUN
taxlaw-8367	739	10	paid	pay	VERB
taxlaw-8367	739	11	for	for	ADP
taxlaw-8367	739	12	electricity	electricity	NOUN
taxlaw-8367	739	13	to	to	PART
taxlaw-8367	739	14	run	run	VERB
taxlaw-8367	739	15	the	the	DET
taxlaw-8367	739	16	factory	factory	NOUN
taxlaw-8367	739	17	do	do	AUX
taxlaw-8367	739	18	not	not	PART
taxlaw-8367	739	19	confer	confer	VERB
taxlaw-8367	739	20	a	a	DET
taxlaw-8367	739	21	contemporaneous	contemporaneous	ADJ
taxlaw-8367	739	22	personal	personal	ADJ
taxlaw-8367	739	23	benefit	benefit	NOUN
taxlaw-8367	739	24	on	on	ADP
taxlaw-8367	739	25	the	the	DET
taxlaw-8367	739	26	taxpayer	taxpayer	NOUN
taxlaw-8367	739	27	,	,	PUNCT
taxlaw-8367	739	28	and	and	CCONJ
taxlaw-8367	739	29	they	they	PRON
taxlaw-8367	739	30	also	also	ADV
taxlaw-8367	739	31	are	be	AUX
taxlaw-8367	739	32	not	not	PART
taxlaw-8367	739	33	available	available	ADJ
taxlaw-8367	739	34	as	as	ADP
taxlaw-8367	739	35	a	a	DET
taxlaw-8367	739	36	store	store	NOUN
taxlaw-8367	739	37	of	of	ADP
taxlaw-8367	739	38	wealth	wealth	NOUN
taxlaw-8367	739	39	that	that	PRON
taxlaw-8367	739	40	can	can	AUX
taxlaw-8367	739	41	be	be	AUX
taxlaw-8367	739	42	readily	readily	ADV
taxlaw-8367	739	43	converted	convert	VERB
taxlaw-8367	739	44	into	into	ADP
taxlaw-8367	739	45	a	a	DET
taxlaw-8367	739	46	consumption	consumption	NOUN
taxlaw-8367	739	47	experience	experience	NOUN
taxlaw-8367	739	48	.	.	PUNCT
taxlaw-8367	740	1	thus	thus	ADV
taxlaw-8367	740	2	,	,	PUNCT
taxlaw-8367	740	3	the	the	DET
taxlaw-8367	740	4	assumption	assumption	NOUN
taxlaw-8367	740	5	that	that	SCONJ
taxlaw-8367	740	6	a	a	DET
taxlaw-8367	740	7	cash	cash	NOUN
taxlaw-8367	740	8	receipt	receipt	NOUN
taxlaw-8367	740	9	is	be	AUX
taxlaw-8367	740	10	equivalent	equivalent	ADJ
taxlaw-8367	740	11	to	to	ADP
taxlaw-8367	740	12	the	the	DET
taxlaw-8367	740	13	receipt	receipt	NOUN
taxlaw-8367	740	14	of	of	ADP
taxlaw-8367	740	15	a	a	DET
taxlaw-8367	740	16	personal	personal	ADJ
taxlaw-8367	740	17	benefit	benefit	NOUN
taxlaw-8367	740	18	is	be	AUX
taxlaw-8367	740	19	defeated	defeat	VERB
taxlaw-8367	740	20	.	.	PUNCT
taxlaw-8367	741	1	the	the	DET
taxlaw-8367	741	2	absence	absence	NOUN
taxlaw-8367	741	3	of	of	ADP
taxlaw-8367	741	4	a	a	DET
taxlaw-8367	741	5	personal	personal	ADJ
taxlaw-8367	741	6	benefit	benefit	NOUN
taxlaw-8367	741	7	to	to	ADP
taxlaw-8367	741	8	business	business	NOUN
taxlaw-8367	741	9	outlays	outlay	NOUN
taxlaw-8367	741	10	does	do	AUX
taxlaw-8367	741	11	not	not	PART
taxlaw-8367	741	12	mean	mean	VERB
taxlaw-8367	741	13	that	that	SCONJ
taxlaw-8367	741	14	business	business	NOUN
taxlaw-8367	741	15	outlays	outlay	NOUN
taxlaw-8367	741	16	represent	represent	VERB
taxlaw-8367	741	17	losses.139	losses.139	ADJ
taxlaw-8367	741	18	business	business	NOUN
taxlaw-8367	741	19	expenses	expense	NOUN
taxlaw-8367	741	20	do	do	AUX
taxlaw-8367	741	21	not	not	PART
taxlaw-8367	741	22	represent	represent	VERB
taxlaw-8367	741	23	true	true	ADJ
taxlaw-8367	741	24	losses	loss	NOUN
taxlaw-8367	741	25	;	;	PUNCT
taxlaw-8367	741	26	if	if	SCONJ
taxlaw-8367	741	27	they	they	PRON
taxlaw-8367	741	28	did	do	VERB
taxlaw-8367	741	29	,	,	PUNCT
taxlaw-8367	741	30	business	business	NOUN
taxlaw-8367	741	31	owners	owner	NOUN
taxlaw-8367	741	32	would	would	AUX
taxlaw-8367	741	33	not	not	PART
taxlaw-8367	741	34	voluntarily	voluntarily	ADV
taxlaw-8367	741	35	incur	incur	VERB
taxlaw-8367	741	36	them	they	PRON
taxlaw-8367	741	37	.	.	PUNCT
taxlaw-8367	742	1	instead	instead	ADV
taxlaw-8367	742	2	,	,	PUNCT
taxlaw-8367	742	3	the	the	DET
taxlaw-8367	742	4	deduction	deduction	NOUN
taxlaw-8367	742	5	for	for	ADP
taxlaw-8367	742	6	business	business	NOUN
taxlaw-8367	742	7	expenses	expense	NOUN
taxlaw-8367	742	8	implements	implement	VERB
taxlaw-8367	742	9	a	a	DET
taxlaw-8367	742	10	timing	timing	NOUN
taxlaw-8367	742	11	principle	principle	NOUN
taxlaw-8367	742	12	that	that	PRON
taxlaw-8367	742	13	is	be	AUX
taxlaw-8367	742	14	justified	justify	VERB
taxlaw-8367	742	15	on	on	ADP
taxlaw-8367	742	16	the	the	DET
taxlaw-8367	742	17	basis	basis	NOUN
taxlaw-8367	742	18	that	that	SCONJ
taxlaw-8367	742	19	,	,	PUNCT
taxlaw-8367	742	20	at	at	ADP
taxlaw-8367	742	21	best	good	ADJ
taxlaw-8367	742	22	,	,	PUNCT
taxlaw-8367	742	23	the	the	DET
taxlaw-8367	742	24	outlays	outlay	NOUN
taxlaw-8367	742	25	represent	represent	VERB
taxlaw-8367	742	26	an	an	DET
taxlaw-8367	742	27	immediate	immediate	ADJ
taxlaw-8367	742	28	reduction	reduction	NOUN
taxlaw-8367	742	29	of	of	ADP
taxlaw-8367	742	30	consumable	consumable	ADJ
taxlaw-8367	742	31	value	value	NOUN
taxlaw-8367	742	32	but	but	CCONJ
taxlaw-8367	742	33	are	be	AUX
taxlaw-8367	742	34	expected	expect	VERB
taxlaw-8367	742	35	in	in	ADP
taxlaw-8367	742	36	a	a	DET
taxlaw-8367	742	37	future	future	ADJ
taxlaw-8367	742	38	period	period	NOUN
taxlaw-8367	742	39	to	to	PART
taxlaw-8367	742	40	represent	represent	VERB
taxlaw-8367	742	41	a	a	DET
taxlaw-8367	742	42	gain	gain	NOUN
taxlaw-8367	742	43	.	.	PUNCT
taxlaw-8367	743	1	in	in	ADP
taxlaw-8367	743	2	this	this	DET
taxlaw-8367	743	3	respect	respect	NOUN
taxlaw-8367	743	4	,	,	PUNCT
taxlaw-8367	743	5	deductions	deduction	NOUN
taxlaw-8367	743	6	for	for	ADP
taxlaw-8367	743	7	business	business	NOUN
taxlaw-8367	743	8	expenses	expense	NOUN
taxlaw-8367	743	9	(	(	PUNCT
taxlaw-8367	743	10	as	as	SCONJ
taxlaw-8367	743	11	contrasted	contrast	VERB
taxlaw-8367	743	12	with	with	ADP
taxlaw-8367	743	13	losses	loss	NOUN
taxlaw-8367	743	14	)	)	PUNCT
taxlaw-8367	743	15	simply	simply	ADV
taxlaw-8367	743	16	reflect	reflect	VERB
taxlaw-8367	743	17	a	a	DET
taxlaw-8367	743	18	presumption	presumption	NOUN
taxlaw-8367	743	19	shift	shift	NOUN
taxlaw-8367	743	20	that	that	PRON
taxlaw-8367	743	21	is	be	AUX
taxlaw-8367	743	22	justified	justify	VERB
taxlaw-8367	743	23	by	by	ADP
taxlaw-8367	743	24	the	the	DET
taxlaw-8367	743	25	fact	fact	NOUN
taxlaw-8367	743	26	that	that	SCONJ
taxlaw-8367	743	27	the	the	DET
taxlaw-8367	743	28	personal	personal	ADJ
taxlaw-8367	743	29	benefit	benefit	NOUN
taxlaw-8367	743	30	they	they	PRON
taxlaw-8367	743	31	provide	provide	VERB
taxlaw-8367	743	32	is	be	AUX
taxlaw-8367	743	33	speculative	speculative	ADJ
taxlaw-8367	743	34	and	and	CCONJ
taxlaw-8367	743	35	mediated	mediate	VERB
taxlaw-8367	743	36	.	.	PUNCT
taxlaw-8367	744	1	the	the	DET
taxlaw-8367	744	2	certainty	certainty	NOUN
taxlaw-8367	744	3	of	of	ADP
taxlaw-8367	744	4	the	the	DET
taxlaw-8367	744	5	lack	lack	NOUN
taxlaw-8367	744	6	of	of	ADP
taxlaw-8367	744	7	benefit	benefit	NOUN
taxlaw-8367	744	8	now	now	ADV
taxlaw-8367	744	9	coupled	couple	VERB
taxlaw-8367	744	10	with	with	ADP
taxlaw-8367	744	11	the	the	DET
taxlaw-8367	744	12	speculative	speculative	ADJ
taxlaw-8367	744	13	status	status	NOUN
taxlaw-8367	744	14	of	of	ADP
taxlaw-8367	744	15	the	the	DET
taxlaw-8367	744	16	benefit	benefit	NOUN
taxlaw-8367	744	17	later	later	ADV
taxlaw-8367	744	18	(	(	PUNCT
taxlaw-8367	744	19	if	if	SCONJ
taxlaw-8367	744	20	the	the	DET
taxlaw-8367	744	21	taxpayer	taxpayer	NOUN
taxlaw-8367	744	22	is	be	AUX
taxlaw-8367	744	23	profitable	profitable	ADJ
taxlaw-8367	744	24	)	)	PUNCT
taxlaw-8367	744	25	justifies	justify	VERB
taxlaw-8367	744	26	allowing	allow	VERB
taxlaw-8367	744	27	a	a	DET
taxlaw-8367	744	28	provisional	provisional	ADJ
taxlaw-8367	744	29	deduction	deduction	NOUN
taxlaw-8367	744	30	now	now	ADV
taxlaw-8367	744	31	that	that	PRON
taxlaw-8367	744	32	is	be	AUX
taxlaw-8367	744	33	made	make	VERB
taxlaw-8367	744	34	good	good	ADJ
taxlaw-8367	744	35	later	later	ADV
taxlaw-8367	744	36	by	by	ADP
taxlaw-8367	744	37	disallowing	disallow	VERB
taxlaw-8367	744	38	in	in	ADP
taxlaw-8367	744	39	the	the	DET
taxlaw-8367	744	40	cost	cost	NOUN
taxlaw-8367	744	41	of	of	ADP
taxlaw-8367	744	42	goods	good	NOUN
taxlaw-8367	744	43	sold	sell	VERB
taxlaw-8367	744	44	basis	basis	NOUN
taxlaw-8367	744	45	resulting	result	VERB
taxlaw-8367	744	46	from	from	ADP
taxlaw-8367	744	47	deductible	deductible	ADJ
taxlaw-8367	744	48	outlays	outlay	NOUN
taxlaw-8367	744	49	.	.	PUNCT
taxlaw-8367	745	1	as	as	SCONJ
taxlaw-8367	745	2	contrasted	contrast	VERB
taxlaw-8367	745	3	with	with	ADP
taxlaw-8367	745	4	a	a	DET
taxlaw-8367	745	5	personal	personal	ADJ
taxlaw-8367	745	6	outlay	outlay	NOUN
taxlaw-8367	745	7	,	,	PUNCT
taxlaw-8367	745	8	the	the	DET
taxlaw-8367	745	9	realization	realization	NOUN
taxlaw-8367	745	10	of	of	ADP
taxlaw-8367	745	11	a	a	DET
taxlaw-8367	745	12	benefit	benefit	NOUN
taxlaw-8367	745	13	requires	require	VERB
taxlaw-8367	745	14	the	the	DET
taxlaw-8367	745	15	successful	successful	ADJ
taxlaw-8367	745	16	conversion	conversion	NOUN
taxlaw-8367	745	17	of	of	ADP
taxlaw-8367	745	18	the	the	DET
taxlaw-8367	745	19	outlay	outlay	NOUN
taxlaw-8367	745	20	into	into	ADP
taxlaw-8367	745	21	an	an	DET
taxlaw-8367	745	22	income	income	NOUN
taxlaw-8367	745	23	item	item	NOUN
taxlaw-8367	745	24	,	,	PUNCT
taxlaw-8367	745	25	and	and	CCONJ
taxlaw-8367	745	26	that	that	DET
taxlaw-8367	745	27	conversion	conversion	NOUN
taxlaw-8367	745	28	may	may	AUX
taxlaw-8367	745	29	never	never	ADV
taxlaw-8367	745	30	occur	occur	VERB
taxlaw-8367	745	31	.	.	PUNCT
taxlaw-8367	746	1	consider	consider	VERB
taxlaw-8367	746	2	that	that	SCONJ
taxlaw-8367	746	3	implementing	implement	VERB
taxlaw-8367	746	4	the	the	DET
taxlaw-8367	746	5	principle	principle	NOUN
taxlaw-8367	746	6	that	that	SCONJ
taxlaw-8367	746	7	an	an	DET
taxlaw-8367	746	8	income	income	NOUN
taxlaw-8367	746	9	tax	tax	NOUN
taxlaw-8367	746	10	reaches	reach	VERB
taxlaw-8367	746	11	net	net	ADJ
taxlaw-8367	746	12	changes	change	NOUN
taxlaw-8367	746	13	in	in	ADP
taxlaw-8367	746	14	wealth	wealth	NOUN
taxlaw-8367	746	15	in	in	ADP
taxlaw-8367	746	16	no	no	DET
taxlaw-8367	746	17	way	way	NOUN
taxlaw-8367	746	18	requires	require	VERB
taxlaw-8367	746	19	a	a	DET
taxlaw-8367	746	20	deduction	deduction	NOUN
taxlaw-8367	746	21	for	for	ADP
taxlaw-8367	746	22	business	business	NOUN
taxlaw-8367	746	23	expenses	expense	NOUN
taxlaw-8367	746	24	.	.	PUNCT
taxlaw-8367	747	1	the	the	DET
taxlaw-8367	747	2	same	same	ADJ
taxlaw-8367	747	3	result	result	NOUN
taxlaw-8367	747	4	,	,	PUNCT
taxlaw-8367	747	5	apart	apart	ADV
taxlaw-8367	747	6	from	from	ADP
taxlaw-8367	747	7	timing	time	VERB
taxlaw-8367	747	8	differences	difference	NOUN
taxlaw-8367	747	9	,	,	PUNCT
taxlaw-8367	747	10	could	could	AUX
taxlaw-8367	747	11	be	be	AUX
taxlaw-8367	747	12	reached	reach	VERB
taxlaw-8367	747	13	(	(	PUNCT
taxlaw-8367	747	14	and	and	CCONJ
taxlaw-8367	747	15	would	would	AUX
taxlaw-8367	747	16	more	more	ADV
taxlaw-8367	747	17	obviously	obviously	ADV
taxlaw-8367	747	18	and	and	CCONJ
taxlaw-8367	747	19	directly	directly	ADV
taxlaw-8367	747	20	be	be	AUX
taxlaw-8367	747	21	reached	reach	VERB
taxlaw-8367	747	22	)	)	PUNCT
taxlaw-8367	747	23	by	by	ADP
taxlaw-8367	747	24	denying	deny	VERB
taxlaw-8367	747	25	a	a	DET
taxlaw-8367	747	26	deduction	deduction	NOUN
taxlaw-8367	747	27	and	and	CCONJ
taxlaw-8367	747	28	simply	simply	ADV
taxlaw-8367	747	29	adding	add	VERB
taxlaw-8367	747	30	business	business	NOUN
taxlaw-8367	747	31	outlays	outlay	NOUN
taxlaw-8367	747	32	to	to	ADP
taxlaw-8367	747	33	the	the	DET
taxlaw-8367	747	34	cost	cost	NOUN
taxlaw-8367	747	35	of	of	ADP
taxlaw-8367	747	36	goods	good	NOUN
taxlaw-8367	747	37	sold	sell	VERB
taxlaw-8367	747	38	.	.	PUNCT
taxlaw-8367	748	1	indeed	indeed	ADV
taxlaw-8367	748	2	,	,	PUNCT
taxlaw-8367	748	3	this	this	DET
taxlaw-8367	748	4	principle	principle	NOUN
taxlaw-8367	748	5	already	already	ADV
taxlaw-8367	748	6	applies	apply	VERB
taxlaw-8367	748	7	to	to	ADP
taxlaw-8367	748	8	certain	certain	ADJ
taxlaw-8367	748	9	cases	case	NOUN
taxlaw-8367	748	10	in	in	ADP
taxlaw-8367	748	11	which	which	PRON
taxlaw-8367	748	12	congress	congress	PROPN
taxlaw-8367	748	13	views	view	VERB
taxlaw-8367	748	14	the	the	DET
taxlaw-8367	748	15	availability	availability	NOUN
taxlaw-8367	748	16	of	of	ADP
taxlaw-8367	748	17	an	an	DET
taxlaw-8367	748	18	immediate	immediate	ADJ
taxlaw-8367	748	19	deduction	deduction	NOUN
taxlaw-8367	748	20	as	as	ADP
taxlaw-8367	748	21	inappropriate	inappropriate	ADJ
taxlaw-8367	748	22	on	on	ADP
taxlaw-8367	748	23	timing	timing	NOUN
taxlaw-8367	748	24	grounds	ground	NOUN
taxlaw-8367	748	25	,	,	PUNCT
taxlaw-8367	748	26	largely	largely	ADV
taxlaw-8367	748	27	because	because	SCONJ
taxlaw-8367	748	28	the	the	DET
taxlaw-8367	748	29	outlay	outlay	NOUN
taxlaw-8367	748	30	results	result	NOUN
taxlaw-8367	748	31	in	in	ADP
taxlaw-8367	748	32	the	the	DET
taxlaw-8367	748	33	production	production	NOUN
taxlaw-8367	748	34	of	of	ADP
taxlaw-8367	748	35	tangible	tangible	ADJ
taxlaw-8367	748	36	goods	good	NOUN
taxlaw-8367	748	37	that	that	PRON
taxlaw-8367	748	38	can	can	AUX
taxlaw-8367	748	39	be	be	AUX
taxlaw-8367	748	40	readily	readily	ADV
taxlaw-8367	748	41	sold.140	sold.140	ADJ
taxlaw-8367	748	42	apart	apart	ADV
taxlaw-8367	748	43	from	from	ADP
taxlaw-8367	748	44	a	a	DET
taxlaw-8367	748	45	possible	possible	ADJ
taxlaw-8367	748	46	timing	timing	NOUN
taxlaw-8367	748	47	mismatch	mismatch	NOUN
taxlaw-8367	748	48	(	(	PUNCT
taxlaw-8367	748	49	since	since	SCONJ
taxlaw-8367	748	50	the	the	DET
taxlaw-8367	748	51	goods	good	NOUN
taxlaw-8367	748	52	thereby	thereby	ADV
taxlaw-8367	748	53	produced	produce	VERB
taxlaw-8367	748	54	may	may	AUX
taxlaw-8367	748	55	be	be	AUX
taxlaw-8367	748	56	sold	sell	VERB
taxlaw-8367	748	57	in	in	ADP
taxlaw-8367	748	58	a	a	DET
taxlaw-8367	748	59	later	later	ADJ
taxlaw-8367	748	60	period	period	NOUN
taxlaw-8367	748	61	)	)	PUNCT
taxlaw-8367	748	62	,	,	PUNCT
taxlaw-8367	748	63	the	the	DET
taxlaw-8367	748	64	capitalization	capitalization	NOUN
taxlaw-8367	748	65	of	of	ADP
taxlaw-8367	748	66	costs	cost	NOUN
taxlaw-8367	748	67	method	method	NOUN
taxlaw-8367	748	68	directly	directly	ADV
taxlaw-8367	748	69	implements	implement	VERB
taxlaw-8367	748	70	the	the	DET
taxlaw-8367	748	71	idea	idea	NOUN
taxlaw-8367	748	72	that	that	SCONJ
taxlaw-8367	748	73	an	an	DET
taxlaw-8367	748	74	income	income	NOUN
taxlaw-8367	748	75	tax	tax	NOUN
taxlaw-8367	748	76	reaches	reach	VERB
taxlaw-8367	748	77	the	the	DET
taxlaw-8367	748	78	taxpayer	taxpayer	NOUN
taxlaw-8367	748	79	’s	’s	PART
taxlaw-8367	748	80	change	change	NOUN
taxlaw-8367	748	81	in	in	ADP
taxlaw-8367	748	82	wealth	wealth	NOUN
taxlaw-8367	748	83	during	during	ADP
taxlaw-8367	748	84	the	the	DET
taxlaw-8367	748	85	period	period	NOUN
taxlaw-8367	748	86	.	.	PUNCT
taxlaw-8367	749	1	when	when	SCONJ
taxlaw-8367	749	2	already	already	ADV
taxlaw-8367	749	3	-	-	PUNCT
taxlaw-8367	749	4	taxed	tax	VERB
taxlaw-8367	749	5	dollars	dollar	NOUN
taxlaw-8367	749	6	are	be	AUX
taxlaw-8367	749	7	137	137	NUM
taxlaw-8367	749	8	the	the	DET
taxlaw-8367	749	9	point	point	NOUN
taxlaw-8367	749	10	applies	apply	VERB
taxlaw-8367	749	11	to	to	ADP
taxlaw-8367	749	12	the	the	DET
taxlaw-8367	749	13	$	$	SYM
taxlaw-8367	749	14	100k	100k	NUM
taxlaw-8367	749	15	earned	earn	VERB
taxlaw-8367	749	16	in	in	ADP
taxlaw-8367	749	17	the	the	DET
taxlaw-8367	749	18	period	period	NOUN
taxlaw-8367	749	19	,	,	PUNCT
taxlaw-8367	749	20	not	not	PART
taxlaw-8367	749	21	to	to	PART
taxlaw-8367	749	22	returns	return	NOUN
taxlaw-8367	749	23	that	that	SCONJ
taxlaw-8367	749	24	the	the	DET
taxlaw-8367	749	25	saver	saver	NOUN
taxlaw-8367	749	26	may	may	AUX
taxlaw-8367	749	27	receive	receive	VERB
taxlaw-8367	749	28	on	on	ADP
taxlaw-8367	749	29	amounts	amount	NOUN
taxlaw-8367	749	30	invested	invest	VERB
taxlaw-8367	749	31	.	.	PUNCT
taxlaw-8367	750	1	138	138	NUM
taxlaw-8367	750	2	the	the	DET
taxlaw-8367	750	3	main	main	ADJ
taxlaw-8367	750	4	provision	provision	NOUN
taxlaw-8367	750	5	in	in	ADP
taxlaw-8367	750	6	the	the	DET
taxlaw-8367	750	7	internal	internal	ADJ
taxlaw-8367	750	8	revenue	revenue	NOUN
taxlaw-8367	750	9	code	code	NOUN
taxlaw-8367	750	10	that	that	PRON
taxlaw-8367	750	11	ensures	ensure	VERB
taxlaw-8367	750	12	a	a	DET
taxlaw-8367	750	13	deduction	deduction	NOUN
taxlaw-8367	750	14	is	be	AUX
taxlaw-8367	750	15	section	section	NOUN
taxlaw-8367	750	16	162(a	162(a	PROPN
taxlaw-8367	750	17	)	)	PUNCT
taxlaw-8367	750	18	.	.	PUNCT
taxlaw-8367	751	1	139	139	NUM
taxlaw-8367	751	2	see	see	VERB
taxlaw-8367	751	3	7	7	NUM
taxlaw-8367	751	4	jacob	jacob	PROPN
taxlaw-8367	751	5	mertens	mertens	PROPN
taxlaw-8367	751	6	,	,	PUNCT
taxlaw-8367	751	7	mertens	mertens	PROPN
taxlaw-8367	751	8	law	law	NOUN
taxlaw-8367	751	9	of	of	ADP
taxlaw-8367	751	10	fed	fed	PROPN
taxlaw-8367	751	11	.	.	PROPN
taxlaw-8367	751	12	inc	inc	PROPN
taxlaw-8367	751	13	.	.	PROPN
taxlaw-8367	751	14	tax	tax	PROPN
taxlaw-8367	751	15	.	.	PUNCT
taxlaw-8367	752	1	¶	¶	PROPN
taxlaw-8367	752	2	28:52	28:52	NUM
taxlaw-8367	752	3	(	(	PUNCT
taxlaw-8367	752	4	2020	2020	NUM
taxlaw-8367	752	5	)	)	PUNCT
taxlaw-8367	752	6	(	(	PUNCT
taxlaw-8367	752	7	discussing	discuss	VERB
taxlaw-8367	752	8	differences	difference	NOUN
taxlaw-8367	752	9	between	between	ADP
taxlaw-8367	752	10	and	and	CCONJ
taxlaw-8367	752	11	relationship	relationship	NOUN
taxlaw-8367	752	12	of	of	ADP
taxlaw-8367	752	13	business	business	NOUN
taxlaw-8367	752	14	expenses	expense	NOUN
taxlaw-8367	752	15	and	and	CCONJ
taxlaw-8367	752	16	business	business	NOUN
taxlaw-8367	752	17	losses	loss	NOUN
taxlaw-8367	752	18	)	)	PUNCT
taxlaw-8367	752	19	.	.	PUNCT
taxlaw-8367	753	1	140	140	NUM
taxlaw-8367	753	2	section	section	NOUN
taxlaw-8367	753	3	263a	263a	PROPN
taxlaw-8367	753	4	requires	require	VERB
taxlaw-8367	753	5	certain	certain	ADJ
taxlaw-8367	753	6	taxpayers	taxpayer	NOUN
taxlaw-8367	753	7	to	to	PART
taxlaw-8367	753	8	capitalize	capitalize	VERB
taxlaw-8367	753	9	inventory	inventory	NOUN
taxlaw-8367	753	10	and	and	CCONJ
taxlaw-8367	753	11	other	other	ADJ
taxlaw-8367	753	12	costs	cost	NOUN
taxlaw-8367	753	13	in	in	ADP
taxlaw-8367	753	14	lieu	lieu	NOUN
taxlaw-8367	753	15	of	of	ADP
taxlaw-8367	753	16	an	an	DET
taxlaw-8367	753	17	otherwise	otherwise	ADV
taxlaw-8367	753	18	available	available	ADJ
taxlaw-8367	753	19	business	business	NOUN
taxlaw-8367	753	20	deduction	deduction	NOUN
taxlaw-8367	753	21	.	.	PUNCT
taxlaw-8367	754	1	congress	congress	PROPN
taxlaw-8367	754	2	enacted	enact	VERB
taxlaw-8367	754	3	section	section	NOUN
taxlaw-8367	754	4	263a	263a	PROPN
taxlaw-8367	754	5	in	in	ADP
taxlaw-8367	754	6	the	the	DET
taxlaw-8367	754	7	tax	tax	NOUN
taxlaw-8367	754	8	reform	reform	NOUN
taxlaw-8367	754	9	act	act	NOUN
taxlaw-8367	754	10	of	of	ADP
taxlaw-8367	754	11	1986	1986	NUM
taxlaw-8367	754	12	.	.	PUNCT
taxlaw-8367	755	1	the	the	DET
taxlaw-8367	755	2	senate	senate	PROPN
taxlaw-8367	755	3	finance	finance	PROPN
taxlaw-8367	755	4	committee	committee	PROPN
taxlaw-8367	755	5	report	report	NOUN
taxlaw-8367	755	6	explains	explain	VERB
taxlaw-8367	755	7	in	in	ADP
taxlaw-8367	755	8	relevant	relevant	ADJ
taxlaw-8367	755	9	part	part	NOUN
taxlaw-8367	755	10	:	:	PUNCT
taxlaw-8367	755	11	“	"	PUNCT
taxlaw-8367	755	12	[	[	X
taxlaw-8367	755	13	t]he	t]he	ADV
taxlaw-8367	755	14	existing	exist	VERB
taxlaw-8367	755	15	rules	rule	NOUN
taxlaw-8367	755	16	may	may	AUX
taxlaw-8367	755	17	allow	allow	VERB
taxlaw-8367	755	18	costs	cost	NOUN
taxlaw-8367	755	19	that	that	PRON
taxlaw-8367	755	20	are	be	AUX
taxlaw-8367	755	21	in	in	ADP
taxlaw-8367	755	22	reality	reality	NOUN
taxlaw-8367	755	23	costs	cost	NOUN
taxlaw-8367	755	24	of	of	ADP
taxlaw-8367	755	25	producing	produce	VERB
taxlaw-8367	755	26	,	,	PUNCT
taxlaw-8367	755	27	acquiring	acquire	VERB
taxlaw-8367	755	28	,	,	PUNCT
taxlaw-8367	755	29	or	or	CCONJ
taxlaw-8367	755	30	carrying	carry	VERB
taxlaw-8367	755	31	property	property	NOUN
taxlaw-8367	755	32	to	to	PART
taxlaw-8367	755	33	be	be	AUX
taxlaw-8367	755	34	deducted	deduct	VERB
taxlaw-8367	755	35	currently	currently	ADV
taxlaw-8367	755	36	,	,	PUNCT
taxlaw-8367	755	37	rather	rather	ADV
taxlaw-8367	755	38	than	than	ADP
taxlaw-8367	755	39	capitalized	capitalize	VERB
taxlaw-8367	755	40	into	into	ADP
taxlaw-8367	755	41	the	the	DET
taxlaw-8367	755	42	basis	basis	NOUN
taxlaw-8367	755	43	of	of	ADP
taxlaw-8367	755	44	the	the	DET
taxlaw-8367	755	45	property	property	NOUN
taxlaw-8367	755	46	and	and	CCONJ
taxlaw-8367	755	47	recovered	recover	VERB
taxlaw-8367	755	48	when	when	SCONJ
taxlaw-8367	755	49	the	the	DET
taxlaw-8367	755	50	property	property	NOUN
taxlaw-8367	755	51	is	be	AUX
taxlaw-8367	755	52	sold	sell	VERB
taxlaw-8367	755	53	or	or	CCONJ
taxlaw-8367	755	54	as	as	SCONJ
taxlaw-8367	755	55	it	it	PRON
taxlaw-8367	755	56	is	be	AUX
taxlaw-8367	755	57	used	use	VERB
taxlaw-8367	755	58	by	by	ADP
taxlaw-8367	755	59	the	the	DET
taxlaw-8367	755	60	taxpayer	taxpayer	NOUN
taxlaw-8367	755	61	.	.	PUNCT
taxlaw-8367	756	1	this	this	PRON
taxlaw-8367	756	2	produces	produce	VERB
taxlaw-8367	756	3	a	a	DET
taxlaw-8367	756	4	mismatching	mismatching	NOUN
taxlaw-8367	756	5	of	of	ADP
taxlaw-8367	756	6	expenses	expense	NOUN
taxlaw-8367	756	7	and	and	CCONJ
taxlaw-8367	756	8	the	the	DET
taxlaw-8367	756	9	related	related	ADJ
taxlaw-8367	756	10	income	income	NOUN
taxlaw-8367	756	11	and	and	CCONJ
taxlaw-8367	756	12	an	an	DET
taxlaw-8367	756	13	unwarranted	unwarranted	ADJ
taxlaw-8367	756	14	deferral	deferral	NOUN
taxlaw-8367	756	15	of	of	ADP
taxlaw-8367	756	16	taxes	taxis	NOUN
taxlaw-8367	756	17	.	.	PUNCT
taxlaw-8367	756	18	”	"	PUNCT
taxlaw-8367	757	1	s.	s.	PROPN
taxlaw-8367	757	2	rep	rep	PROPN
taxlaw-8367	757	3	.	.	PROPN
taxlaw-8367	757	4	no	no	PROPN
taxlaw-8367	757	5	.	.	NOUN
taxlaw-8367	758	1	99	99	NUM
taxlaw-8367	758	2	-	-	SYM
taxlaw-8367	758	3	313	313	NUM
taxlaw-8367	758	4	,	,	PUNCT
taxlaw-8367	758	5	at	at	ADP
taxlaw-8367	758	6	92	92	NUM
taxlaw-8367	758	7	(	(	PUNCT
taxlaw-8367	758	8	1986	1986	NUM
taxlaw-8367	758	9	)	)	PUNCT
taxlaw-8367	758	10	.	.	PUNCT
taxlaw-8367	759	1	2021	2021	NUM
taxlaw-8367	759	2	]	]	PUNCT
taxlaw-8367	759	3	debt	debt	NOUN
taxlaw-8367	759	4	and	and	CCONJ
taxlaw-8367	759	5	taxes	taxis	NOUN
taxlaw-8367	759	6	117	117	NUM
taxlaw-8367	759	7	spent	spend	VERB
taxlaw-8367	759	8	in	in	ADP
taxlaw-8367	759	9	an	an	DET
taxlaw-8367	759	10	arm’s	arm’s	NUM
taxlaw-8367	759	11	-	-	PUNCT
taxlaw-8367	759	12	length	length	NOUN
taxlaw-8367	759	13	market	market	NOUN
taxlaw-8367	759	14	transaction	transaction	NOUN
taxlaw-8367	759	15	,	,	PUNCT
taxlaw-8367	759	16	no	no	DET
taxlaw-8367	759	17	taxable	taxable	ADJ
taxlaw-8367	759	18	income	income	NOUN
taxlaw-8367	759	19	arises	arise	VERB
taxlaw-8367	759	20	.	.	PUNCT
taxlaw-8367	760	1	thus	thus	ADV
taxlaw-8367	760	2	,	,	PUNCT
taxlaw-8367	760	3	a	a	DET
taxlaw-8367	760	4	rule	rule	NOUN
taxlaw-8367	760	5	that	that	PRON
taxlaw-8367	760	6	capitalizes	capitalize	VERB
taxlaw-8367	760	7	all	all	DET
taxlaw-8367	760	8	costs	cost	NOUN
taxlaw-8367	760	9	,	,	PUNCT
taxlaw-8367	760	10	business	business	NOUN
taxlaw-8367	760	11	and	and	CCONJ
taxlaw-8367	760	12	personal	personal	ADJ
taxlaw-8367	760	13	,	,	PUNCT
taxlaw-8367	760	14	but	but	CCONJ
taxlaw-8367	760	15	allows	allow	VERB
taxlaw-8367	760	16	a	a	DET
taxlaw-8367	760	17	loss	loss	NOUN
taxlaw-8367	760	18	deduction	deduction	NOUN
taxlaw-8367	760	19	only	only	ADV
taxlaw-8367	760	20	for	for	ADP
taxlaw-8367	760	21	the	the	DET
taxlaw-8367	760	22	sale	sale	NOUN
taxlaw-8367	760	23	of	of	ADP
taxlaw-8367	760	24	non	non	ADJ
taxlaw-8367	760	25	-	-	ADJ
taxlaw-8367	760	26	personal	personal	ADJ
taxlaw-8367	760	27	property	property	NOUN
taxlaw-8367	760	28	would	would	AUX
taxlaw-8367	760	29	yield	yield	VERB
taxlaw-8367	760	30	the	the	DET
taxlaw-8367	760	31	same	same	ADJ
taxlaw-8367	760	32	basic	basic	ADJ
taxlaw-8367	760	33	system	system	NOUN
taxlaw-8367	760	34	that	that	PRON
taxlaw-8367	760	35	a	a	DET
taxlaw-8367	760	36	business	business	NOUN
taxlaw-8367	760	37	expense	expense	NOUN
taxlaw-8367	760	38	regime	regime	NOUN
taxlaw-8367	760	39	implements	implement	NOUN
taxlaw-8367	760	40	.	.	PUNCT
taxlaw-8367	761	1	the	the	DET
taxlaw-8367	761	2	lesson	lesson	NOUN
taxlaw-8367	761	3	from	from	ADP
taxlaw-8367	761	4	all	all	PRON
taxlaw-8367	761	5	of	of	ADP
taxlaw-8367	761	6	this	this	PRON
taxlaw-8367	761	7	is	be	AUX
taxlaw-8367	761	8	that	that	SCONJ
taxlaw-8367	761	9	a	a	DET
taxlaw-8367	761	10	true	true	ADJ
taxlaw-8367	761	11	and	and	CCONJ
taxlaw-8367	761	12	final	final	ADJ
taxlaw-8367	761	13	deduction	deduction	NOUN
taxlaw-8367	761	14	is	be	AUX
taxlaw-8367	761	15	allowed	allow	VERB
taxlaw-8367	761	16	only	only	ADV
taxlaw-8367	761	17	when	when	SCONJ
taxlaw-8367	761	18	the	the	DET
taxlaw-8367	761	19	taxpayer	taxpayer	NOUN
taxlaw-8367	761	20	sustains	sustain	VERB
taxlaw-8367	761	21	a	a	DET
taxlaw-8367	761	22	loss.141	loss.141	ADJ
taxlaw-8367	761	23	deductions	deduction	NOUN
taxlaw-8367	761	24	for	for	ADP
taxlaw-8367	761	25	business	business	NOUN
taxlaw-8367	761	26	outlays	outlay	NOUN
taxlaw-8367	761	27	are	be	AUX
taxlaw-8367	761	28	nothing	nothing	PRON
taxlaw-8367	761	29	more	more	ADJ
taxlaw-8367	761	30	than	than	ADP
taxlaw-8367	761	31	a	a	DET
taxlaw-8367	761	32	timing	timing	NOUN
taxlaw-8367	761	33	rule	rule	NOUN
taxlaw-8367	761	34	that	that	PRON
taxlaw-8367	761	35	reflects	reflect	VERB
taxlaw-8367	761	36	a	a	DET
taxlaw-8367	761	37	presumption	presumption	NOUN
taxlaw-8367	761	38	shift	shift	NOUN
taxlaw-8367	761	39	:	:	PUNCT
taxlaw-8367	761	40	a	a	DET
taxlaw-8367	761	41	deduction	deduction	NOUN
taxlaw-8367	761	42	is	be	AUX
taxlaw-8367	761	43	available	available	ADJ
taxlaw-8367	761	44	now	now	ADV
taxlaw-8367	761	45	because	because	SCONJ
taxlaw-8367	761	46	the	the	DET
taxlaw-8367	761	47	outlay	outlay	NOUN
taxlaw-8367	761	48	itself	itself	PRON
taxlaw-8367	761	49	categorically	categorically	ADV
taxlaw-8367	761	50	removes	remove	VERB
taxlaw-8367	761	51	resources	resource	NOUN
taxlaw-8367	761	52	available	available	ADJ
taxlaw-8367	761	53	to	to	PART
taxlaw-8367	761	54	provide	provide	VERB
taxlaw-8367	761	55	a	a	DET
taxlaw-8367	761	56	personal	personal	ADJ
taxlaw-8367	761	57	benefit	benefit	NOUN
taxlaw-8367	761	58	and	and	CCONJ
taxlaw-8367	761	59	only	only	ADV
taxlaw-8367	761	60	contingently	contingently	ADV
taxlaw-8367	761	61	makes	make	VERB
taxlaw-8367	761	62	resources	resource	NOUN
taxlaw-8367	761	63	available	available	ADJ
taxlaw-8367	761	64	to	to	PART
taxlaw-8367	761	65	make	make	VERB
taxlaw-8367	761	66	the	the	DET
taxlaw-8367	761	67	current	current	ADJ
taxlaw-8367	761	68	outlay	outlay	NOUN
taxlaw-8367	761	69	good	good	NOUN
taxlaw-8367	761	70	.	.	PUNCT
taxlaw-8367	762	1	because	because	SCONJ
taxlaw-8367	762	2	amounts	amount	NOUN
taxlaw-8367	762	3	deducted	deduct	VERB
taxlaw-8367	762	4	as	as	ADP
taxlaw-8367	762	5	business	business	NOUN
taxlaw-8367	762	6	expenses	expense	NOUN
taxlaw-8367	762	7	are	be	AUX
taxlaw-8367	762	8	not	not	PART
taxlaw-8367	762	9	added	add	VERB
taxlaw-8367	762	10	to	to	ADP
taxlaw-8367	762	11	the	the	DET
taxlaw-8367	762	12	cost	cost	NOUN
taxlaw-8367	762	13	of	of	ADP
taxlaw-8367	762	14	goods	good	NOUN
taxlaw-8367	762	15	sold	sell	VERB
taxlaw-8367	762	16	,	,	PUNCT
taxlaw-8367	762	17	the	the	DET
taxlaw-8367	762	18	net	net	ADJ
taxlaw-8367	762	19	effect	effect	NOUN
taxlaw-8367	762	20	is	be	AUX
taxlaw-8367	762	21	to	to	PART
taxlaw-8367	762	22	recoup	recoup	VERB
taxlaw-8367	762	23	the	the	DET
taxlaw-8367	762	24	loss	loss	NOUN
taxlaw-8367	762	25	(	(	PUNCT
taxlaw-8367	762	26	in	in	ADP
taxlaw-8367	762	27	whole	whole	NOUN
taxlaw-8367	762	28	or	or	CCONJ
taxlaw-8367	762	29	part	part	NOUN
taxlaw-8367	762	30	)	)	PUNCT
taxlaw-8367	762	31	on	on	ADP
taxlaw-8367	762	32	sale	sale	NOUN
taxlaw-8367	762	33	of	of	ADP
taxlaw-8367	762	34	the	the	DET
taxlaw-8367	762	35	associated	associated	ADJ
taxlaw-8367	762	36	business	business	NOUN
taxlaw-8367	762	37	item	item	NOUN
taxlaw-8367	762	38	.	.	PUNCT
taxlaw-8367	763	1	these	these	DET
taxlaw-8367	763	2	considerations	consideration	NOUN
taxlaw-8367	763	3	indicate	indicate	VERB
taxlaw-8367	763	4	that	that	SCONJ
taxlaw-8367	763	5	full	full	ADJ
taxlaw-8367	763	6	basis	basis	NOUN
taxlaw-8367	763	7	credit	credit	NOUN
taxlaw-8367	763	8	in	in	ADP
taxlaw-8367	763	9	the	the	DET
taxlaw-8367	763	10	liquidity	liquidity	NOUN
taxlaw-8367	763	11	purchased	purchase	VERB
taxlaw-8367	763	12	should	should	AUX
taxlaw-8367	763	13	be	be	AUX
taxlaw-8367	763	14	available	available	ADJ
taxlaw-8367	763	15	to	to	ADP
taxlaw-8367	763	16	the	the	DET
taxlaw-8367	763	17	taxpayer	taxpayer	NOUN
taxlaw-8367	763	18	regardless	regardless	ADV
taxlaw-8367	763	19	of	of	ADP
taxlaw-8367	763	20	whether	whether	SCONJ
taxlaw-8367	763	21	interest	interest	NOUN
taxlaw-8367	763	22	is	be	AUX
taxlaw-8367	763	23	deductible	deductible	ADJ
taxlaw-8367	763	24	as	as	ADP
taxlaw-8367	763	25	a	a	DET
taxlaw-8367	763	26	business	business	NOUN
taxlaw-8367	763	27	expense	expense	NOUN
taxlaw-8367	763	28	.	.	PUNCT
taxlaw-8367	764	1	basis	basis	NOUN
taxlaw-8367	764	2	credit	credit	NOUN
taxlaw-8367	764	3	is	be	AUX
taxlaw-8367	764	4	appropriate	appropriate	ADJ
taxlaw-8367	764	5	in	in	ADP
taxlaw-8367	764	6	the	the	DET
taxlaw-8367	764	7	business	business	NOUN
taxlaw-8367	764	8	setting	setting	NOUN
taxlaw-8367	764	9	because	because	SCONJ
taxlaw-8367	764	10	the	the	DET
taxlaw-8367	764	11	liquidity	liquidity	NOUN
taxlaw-8367	764	12	does	do	AUX
taxlaw-8367	764	13	not	not	PART
taxlaw-8367	764	14	produce	produce	VERB
taxlaw-8367	764	15	a	a	DET
taxlaw-8367	764	16	personal	personal	ADJ
taxlaw-8367	764	17	benefit	benefit	NOUN
taxlaw-8367	764	18	.	.	PUNCT
taxlaw-8367	765	1	consider	consider	VERB
taxlaw-8367	765	2	that	that	SCONJ
taxlaw-8367	765	3	if	if	SCONJ
taxlaw-8367	765	4	the	the	DET
taxlaw-8367	765	5	interest	interest	NOUN
taxlaw-8367	765	6	were	be	AUX
taxlaw-8367	765	7	not	not	PART
taxlaw-8367	765	8	deductible	deductible	ADJ
taxlaw-8367	765	9	,	,	PUNCT
taxlaw-8367	765	10	it	it	PRON
taxlaw-8367	765	11	is	be	AUX
taxlaw-8367	765	12	clear	clear	ADJ
taxlaw-8367	765	13	both	both	CCONJ
taxlaw-8367	765	14	that	that	SCONJ
taxlaw-8367	765	15	(	(	PUNCT
taxlaw-8367	765	16	1	1	X
taxlaw-8367	765	17	)	)	PUNCT
taxlaw-8367	765	18	under	under	ADP
taxlaw-8367	765	19	lal	lal	PROPN
taxlaw-8367	765	20	,	,	PUNCT
taxlaw-8367	765	21	basis	basis	NOUN
taxlaw-8367	765	22	credit	credit	NOUN
taxlaw-8367	765	23	in	in	ADP
taxlaw-8367	765	24	the	the	DET
taxlaw-8367	765	25	liquidity	liquidity	NOUN
taxlaw-8367	765	26	would	would	AUX
taxlaw-8367	765	27	be	be	AUX
taxlaw-8367	765	28	available	available	ADJ
taxlaw-8367	765	29	,	,	PUNCT
taxlaw-8367	765	30	and	and	CCONJ
taxlaw-8367	765	31	(	(	PUNCT
taxlaw-8367	765	32	2	2	X
taxlaw-8367	765	33	)	)	PUNCT
taxlaw-8367	765	34	interest	interest	NOUN
taxlaw-8367	765	35	expense	expense	NOUN
taxlaw-8367	765	36	would	would	AUX
taxlaw-8367	765	37	be	be	AUX
taxlaw-8367	765	38	added	add	VERB
taxlaw-8367	765	39	to	to	ADP
taxlaw-8367	765	40	the	the	DET
taxlaw-8367	765	41	cost	cost	NOUN
taxlaw-8367	765	42	of	of	ADP
taxlaw-8367	765	43	goods	good	NOUN
taxlaw-8367	765	44	sold	sell	VERB
taxlaw-8367	765	45	in	in	ADP
taxlaw-8367	765	46	order	order	NOUN
taxlaw-8367	765	47	to	to	PART
taxlaw-8367	765	48	arrive	arrive	VERB
taxlaw-8367	765	49	at	at	ADP
taxlaw-8367	765	50	a	a	DET
taxlaw-8367	765	51	true	true	ADJ
taxlaw-8367	765	52	measure	measure	NOUN
taxlaw-8367	765	53	of	of	ADP
taxlaw-8367	765	54	income.142	income.142	NOUN
taxlaw-8367	765	55	as	as	SCONJ
taxlaw-8367	765	56	demonstrated	demonstrate	VERB
taxlaw-8367	765	57	in	in	ADP
taxlaw-8367	765	58	this	this	DET
taxlaw-8367	765	59	subpart	subpart	NOUN
taxlaw-8367	765	60	,	,	PUNCT
taxlaw-8367	765	61	the	the	DET
taxlaw-8367	765	62	difference	difference	NOUN
taxlaw-8367	765	63	between	between	ADP
taxlaw-8367	765	64	a	a	DET
taxlaw-8367	765	65	regime	regime	NOUN
taxlaw-8367	765	66	that	that	PRON
taxlaw-8367	765	67	implements	implement	VERB
taxlaw-8367	765	68	these	these	DET
taxlaw-8367	765	69	two	two	NUM
taxlaw-8367	765	70	principles	principle	NOUN
taxlaw-8367	765	71	and	and	CCONJ
taxlaw-8367	765	72	one	one	NUM
taxlaw-8367	765	73	that	that	PRON
taxlaw-8367	765	74	permits	permit	VERB
taxlaw-8367	765	75	a	a	DET
taxlaw-8367	765	76	deduction	deduction	NOUN
taxlaw-8367	765	77	for	for	ADP
taxlaw-8367	765	78	interest	interest	NOUN
taxlaw-8367	765	79	and	and	CCONJ
taxlaw-8367	765	80	denies	deny	VERB
taxlaw-8367	765	81	any	any	DET
taxlaw-8367	765	82	further	further	ADJ
taxlaw-8367	765	83	cost	cost	NOUN
taxlaw-8367	765	84	recovery	recovery	NOUN
taxlaw-8367	765	85	for	for	ADP
taxlaw-8367	765	86	interest	interest	NOUN
taxlaw-8367	765	87	expense	expense	NOUN
taxlaw-8367	765	88	represents	represent	VERB
taxlaw-8367	765	89	an	an	DET
taxlaw-8367	765	90	improvement	improvement	NOUN
taxlaw-8367	765	91	in	in	ADP
taxlaw-8367	765	92	timing	timing	NOUN
taxlaw-8367	765	93	because	because	SCONJ
taxlaw-8367	765	94	of	of	ADP
taxlaw-8367	765	95	the	the	DET
taxlaw-8367	765	96	absence	absence	NOUN
taxlaw-8367	765	97	of	of	ADP
taxlaw-8367	765	98	a	a	DET
taxlaw-8367	765	99	personal	personal	ADJ
taxlaw-8367	765	100	benefit	benefit	NOUN
taxlaw-8367	765	101	from	from	ADP
taxlaw-8367	765	102	the	the	DET
taxlaw-8367	765	103	outlay	outlay	NOUN
taxlaw-8367	765	104	itself	itself	PRON
taxlaw-8367	765	105	.	.	PUNCT
taxlaw-8367	766	1	iv	iv	X
taxlaw-8367	766	2	.	.	PUNCT
taxlaw-8367	767	1	the	the	DET
taxlaw-8367	767	2	tax	tax	NOUN
taxlaw-8367	767	3	treatment	treatment	NOUN
taxlaw-8367	767	4	of	of	ADP
taxlaw-8367	767	5	partnership	partnership	NOUN
taxlaw-8367	767	6	borrowing	borrow	VERB
taxlaw-8367	767	7	one	one	NUM
taxlaw-8367	767	8	might	might	AUX
taxlaw-8367	767	9	consider	consider	VERB
taxlaw-8367	767	10	the	the	DET
taxlaw-8367	767	11	argument	argument	NOUN
taxlaw-8367	767	12	to	to	ADP
taxlaw-8367	767	13	this	this	DET
taxlaw-8367	767	14	point	point	NOUN
taxlaw-8367	767	15	largely	largely	ADV
taxlaw-8367	767	16	academic	academic	ADJ
taxlaw-8367	767	17	since	since	SCONJ
taxlaw-8367	767	18	the	the	DET
taxlaw-8367	767	19	three	three	NUM
taxlaw-8367	767	20	propositions	proposition	NOUN
taxlaw-8367	767	21	discussed	discuss	VERB
taxlaw-8367	767	22	in	in	ADP
taxlaw-8367	767	23	part	part	NOUN
taxlaw-8367	767	24	ii	ii	PROPN
taxlaw-8367	767	25	are	be	AUX
taxlaw-8367	767	26	mostly	mostly	ADV
taxlaw-8367	767	27	consistent	consistent	ADJ
taxlaw-8367	767	28	with	with	ADP
taxlaw-8367	767	29	lal	lal	PROPN
taxlaw-8367	767	30	anyway	anyway	ADV
taxlaw-8367	767	31	.	.	PUNCT
taxlaw-8367	768	1	although	although	SCONJ
taxlaw-8367	768	2	i	i	PRON
taxlaw-8367	768	3	am	be	AUX
taxlaw-8367	768	4	not	not	PART
taxlaw-8367	768	5	sanguine	sanguine	ADJ
taxlaw-8367	768	6	on	on	ADP
taxlaw-8367	768	7	the	the	DET
taxlaw-8367	768	8	point	point	NOUN
taxlaw-8367	768	9	given	give	VERB
taxlaw-8367	768	10	the	the	DET
taxlaw-8367	768	11	potential	potential	NOUN
taxlaw-8367	768	12	that	that	SCONJ
taxlaw-8367	768	13	policy	policy	NOUN
taxlaw-8367	768	14	discourse	discourse	NOUN
taxlaw-8367	768	15	has	have	VERB
taxlaw-8367	768	16	for	for	ADP
taxlaw-8367	768	17	upending	upend	VERB
taxlaw-8367	768	18	settled	settle	VERB
taxlaw-8367	768	19	rules	rule	NOUN
taxlaw-8367	768	20	,	,	PUNCT
taxlaw-8367	768	21	the	the	DET
taxlaw-8367	768	22	consequences	consequence	NOUN
taxlaw-8367	768	23	of	of	ADP
taxlaw-8367	768	24	adopting	adopt	VERB
taxlaw-8367	768	25	lal	lal	PROPN
taxlaw-8367	768	26	go	go	VERB
taxlaw-8367	768	27	beyond	beyond	ADP
taxlaw-8367	768	28	academic	academic	ADJ
taxlaw-8367	768	29	debate	debate	NOUN
taxlaw-8367	768	30	because	because	SCONJ
taxlaw-8367	768	31	there	there	PRON
taxlaw-8367	768	32	are	be	VERB
taxlaw-8367	768	33	areas	area	NOUN
taxlaw-8367	768	34	in	in	ADP
taxlaw-8367	768	35	which	which	PRON
taxlaw-8367	768	36	lal	lal	PROPN
taxlaw-8367	768	37	has	have	VERB
taxlaw-8367	768	38	ramifications	ramification	NOUN
taxlaw-8367	768	39	for	for	ADP
taxlaw-8367	768	40	existing	exist	VERB
taxlaw-8367	768	41	law	law	NOUN
taxlaw-8367	768	42	.	.	PUNCT
taxlaw-8367	769	1	this	this	DET
taxlaw-8367	769	2	part	part	NOUN
taxlaw-8367	769	3	focuses	focus	VERB
taxlaw-8367	769	4	on	on	ADP
taxlaw-8367	769	5	one	one	NUM
taxlaw-8367	769	6	such	such	ADJ
taxlaw-8367	769	7	area	area	NOUN
taxlaw-8367	769	8	,	,	PUNCT
taxlaw-8367	769	9	partnership	partnership	NOUN
taxlaw-8367	769	10	tax	tax	NOUN
taxlaw-8367	769	11	accounting	accounting	NOUN
taxlaw-8367	769	12	.	.	PUNCT
taxlaw-8367	770	1	when	when	SCONJ
taxlaw-8367	770	2	a	a	DET
taxlaw-8367	770	3	partnership	partnership	NOUN
taxlaw-8367	770	4	borrows	borrow	VERB
taxlaw-8367	770	5	,	,	PUNCT
taxlaw-8367	770	6	the	the	DET
taxlaw-8367	770	7	partnership	partnership	NOUN
taxlaw-8367	770	8	receives	receive	VERB
taxlaw-8367	770	9	basis	basis	NOUN
taxlaw-8367	770	10	credit	credit	NOUN
taxlaw-8367	770	11	in	in	ADP
taxlaw-8367	770	12	the	the	DET
taxlaw-8367	770	13	loan	loan	NOUN
taxlaw-8367	770	14	proceeds	proceed	NOUN
taxlaw-8367	770	15	just	just	ADV
taxlaw-8367	770	16	as	as	SCONJ
taxlaw-8367	770	17	any	any	DET
taxlaw-8367	770	18	other	other	ADJ
taxlaw-8367	770	19	borrower	borrower	NOUN
taxlaw-8367	770	20	does	do	VERB
taxlaw-8367	770	21	,	,	PUNCT
taxlaw-8367	770	22	but	but	CCONJ
taxlaw-8367	770	23	the	the	DET
taxlaw-8367	770	24	question	question	NOUN
taxlaw-8367	770	25	arises	arise	VERB
taxlaw-8367	770	26	of	of	ADP
taxlaw-8367	770	27	how	how	SCONJ
taxlaw-8367	770	28	to	to	PART
taxlaw-8367	770	29	allocate	allocate	VERB
taxlaw-8367	770	30	the	the	DET
taxlaw-8367	770	31	basis	basis	NOUN
taxlaw-8367	770	32	credit	credit	NOUN
taxlaw-8367	770	33	among	among	ADP
taxlaw-8367	770	34	the	the	DET
taxlaw-8367	770	35	partners.143	partners.143	NOUN
taxlaw-8367	770	36	suppose	suppose	VERB
taxlaw-8367	770	37	that	that	SCONJ
taxlaw-8367	770	38	ab	ab	PROPN
taxlaw-8367	770	39	’s	’s	ADJ
taxlaw-8367	770	40	two	two	NUM
taxlaw-8367	770	41	partners	partner	NOUN
taxlaw-8367	770	42	,	,	PUNCT
taxlaw-8367	770	43	a	a	PRON
taxlaw-8367	770	44	and	and	CCONJ
taxlaw-8367	770	45	b	b	NOUN
taxlaw-8367	770	46	,	,	PUNCT
taxlaw-8367	770	47	share	share	VERB
taxlaw-8367	770	48	all	all	DET
taxlaw-8367	770	49	items	item	NOUN
taxlaw-8367	770	50	of	of	ADP
taxlaw-8367	770	51	partnership	partnership	NOUN
taxlaw-8367	770	52	income	income	NOUN
taxlaw-8367	770	53	,	,	PUNCT
taxlaw-8367	770	54	gain	gain	NOUN
taxlaw-8367	770	55	,	,	PUNCT
taxlaw-8367	770	56	loss	loss	NOUN
taxlaw-8367	770	57	,	,	PUNCT
taxlaw-8367	770	58	and	and	CCONJ
taxlaw-8367	770	59	deduction	deduction	NOUN
taxlaw-8367	770	60	(	(	PUNCT
taxlaw-8367	770	61	igld	igld	PROPN
taxlaw-8367	770	62	)	)	PUNCT
taxlaw-8367	770	63	in	in	ADP
taxlaw-8367	770	64	a	a	DET
taxlaw-8367	770	65	60:40	60:40	NUM
taxlaw-8367	770	66	ratio	ratio	NOUN
taxlaw-8367	770	67	.	.	PUNCT
taxlaw-8367	771	1	each	each	DET
taxlaw-8367	771	2	partner	partner	NOUN
taxlaw-8367	771	3	has	have	VERB
taxlaw-8367	771	4	a	a	DET
taxlaw-8367	771	5	basis	basis	NOUN
taxlaw-8367	771	6	in	in	ADP
taxlaw-8367	771	7	her	her	PRON
taxlaw-8367	771	8	interest	interest	NOUN
taxlaw-8367	771	9	in	in	ADP
taxlaw-8367	771	10	ab	ab	PROPN
taxlaw-8367	771	11	that	that	PRON
taxlaw-8367	771	12	reflects	reflect	VERB
taxlaw-8367	771	13	her	she	PRON
taxlaw-8367	771	14	after	after	ADP
taxlaw-8367	771	15	-	-	PUNCT
taxlaw-8367	771	16	tax	tax	NOUN
taxlaw-8367	771	17	investment	investment	NOUN
taxlaw-8367	771	18	in	in	ADP
taxlaw-8367	771	19	it.144	it.144	PROPN
taxlaw-8367	771	20	if	if	SCONJ
taxlaw-8367	771	21	ab	ab	PROPN
taxlaw-8367	771	22	borrows	borrow	VERB
taxlaw-8367	771	23	cash	cash	NOUN
taxlaw-8367	771	24	from	from	ADP
taxlaw-8367	771	25	a	a	DET
taxlaw-8367	771	26	third	third	ADJ
taxlaw-8367	771	27	-	-	PUNCT
taxlaw-8367	771	28	party	party	NOUN
taxlaw-8367	771	29	lender	lender	NOUN
taxlaw-8367	771	30	and	and	CCONJ
taxlaw-8367	771	31	uses	use	VERB
taxlaw-8367	771	32	the	the	DET
taxlaw-8367	771	33	proceeds	proceed	NOUN
taxlaw-8367	771	34	to	to	PART
taxlaw-8367	771	35	purchase	purchase	VERB
taxlaw-8367	771	36	business	business	NOUN
taxlaw-8367	771	37	property	property	NOUN
taxlaw-8367	771	38	,	,	PUNCT
taxlaw-8367	771	39	ab	ab	PROPN
taxlaw-8367	771	40	will	will	AUX
taxlaw-8367	771	41	141	141	NUM
taxlaw-8367	771	42	i.r.c	i.r.c	NOUN
taxlaw-8367	771	43	.	.	PUNCT
taxlaw-8367	772	1	§	§	PROPN
taxlaw-8367	772	2	165	165	NUM
taxlaw-8367	772	3	.	.	PUNCT
taxlaw-8367	772	4	section	section	NOUN
taxlaw-8367	772	5	165	165	NUM
taxlaw-8367	772	6	implements	implement	VERB
taxlaw-8367	772	7	the	the	DET
taxlaw-8367	772	8	deduction	deduction	NOUN
taxlaw-8367	772	9	for	for	ADP
taxlaw-8367	772	10	losses	loss	NOUN
taxlaw-8367	772	11	.	.	PUNCT
taxlaw-8367	773	1	although	although	SCONJ
taxlaw-8367	773	2	the	the	DET
taxlaw-8367	773	3	2017	2017	NUM
taxlaw-8367	773	4	tax	tax	NOUN
taxlaw-8367	773	5	reform	reform	NOUN
taxlaw-8367	773	6	act	act	NOUN
taxlaw-8367	773	7	temporarily	temporarily	ADV
taxlaw-8367	773	8	disallows	disallow	VERB
taxlaw-8367	773	9	deductions	deduction	NOUN
taxlaw-8367	773	10	for	for	ADP
taxlaw-8367	773	11	most	most	ADJ
taxlaw-8367	773	12	personal	personal	ADJ
taxlaw-8367	773	13	losses	loss	NOUN
taxlaw-8367	773	14	,	,	PUNCT
taxlaw-8367	773	15	see	see	VERB
taxlaw-8367	773	16	§	§	PROPN
taxlaw-8367	773	17	165(h)(5	165(h)(5	PROPN
taxlaw-8367	773	18	)	)	PUNCT
taxlaw-8367	773	19	,	,	PUNCT
taxlaw-8367	773	20	the	the	DET
taxlaw-8367	773	21	provision	provision	NOUN
taxlaw-8367	773	22	is	be	AUX
taxlaw-8367	773	23	controversial	controversial	ADJ
taxlaw-8367	773	24	in	in	SCONJ
taxlaw-8367	773	25	that	that	SCONJ
taxlaw-8367	773	26	it	it	PRON
taxlaw-8367	773	27	appears	appear	VERB
taxlaw-8367	773	28	to	to	PART
taxlaw-8367	773	29	be	be	AUX
taxlaw-8367	773	30	a	a	DET
taxlaw-8367	773	31	departure	departure	NOUN
taxlaw-8367	773	32	from	from	ADP
taxlaw-8367	773	33	a	a	DET
taxlaw-8367	773	34	normative	normative	ADJ
taxlaw-8367	773	35	income	income	NOUN
taxlaw-8367	773	36	tax	tax	NOUN
taxlaw-8367	773	37	.	.	PUNCT
taxlaw-8367	774	1	see	see	VERB
taxlaw-8367	774	2	,	,	PUNCT
taxlaw-8367	774	3	e.g.	e.g.	ADV
taxlaw-8367	774	4	,	,	PUNCT
taxlaw-8367	774	5	jeffrey	jeffrey	PROPN
taxlaw-8367	774	6	h.	h.	PROPN
taxlaw-8367	774	7	kahn	kahn	PROPN
taxlaw-8367	774	8	,	,	PUNCT
taxlaw-8367	774	9	the	the	DET
taxlaw-8367	774	10	misconstruction	misconstruction	NOUN
taxlaw-8367	774	11	of	of	ADP
taxlaw-8367	774	12	the	the	DET
taxlaw-8367	774	13	deductions	deduction	NOUN
taxlaw-8367	774	14	for	for	ADP
taxlaw-8367	774	15	business	business	NOUN
taxlaw-8367	774	16	and	and	CCONJ
taxlaw-8367	774	17	personal	personal	ADJ
taxlaw-8367	774	18	casualty	casualty	NOUN
taxlaw-8367	774	19	losses	loss	NOUN
taxlaw-8367	774	20	,	,	PUNCT
taxlaw-8367	774	21	21	21	NUM
taxlaw-8367	774	22	fla	fla	NOUN
taxlaw-8367	774	23	.	.	PUNCT
taxlaw-8367	775	1	tax	tax	PROPN
taxlaw-8367	775	2	rev	rev	PROPN
taxlaw-8367	775	3	.	.	PROPN
taxlaw-8367	775	4	621	621	NUM
taxlaw-8367	775	5	,	,	PUNCT
taxlaw-8367	775	6	630	630	NUM
taxlaw-8367	775	7	(	(	PUNCT
taxlaw-8367	775	8	2018	2018	NUM
taxlaw-8367	775	9	)	)	PUNCT
taxlaw-8367	775	10	.	.	PUNCT
taxlaw-8367	776	1	142	142	NUM
taxlaw-8367	776	2	see	see	VERB
taxlaw-8367	776	3	,	,	PUNCT
taxlaw-8367	776	4	e.g.	e.g.	ADV
taxlaw-8367	776	5	,	,	PUNCT
taxlaw-8367	776	6	§	§	PROPN
taxlaw-8367	776	7	263a(f	263a(f	NUM
taxlaw-8367	776	8	)	)	PUNCT
taxlaw-8367	776	9	,	,	PUNCT
taxlaw-8367	776	10	which	which	PRON
taxlaw-8367	776	11	permits	permit	VERB
taxlaw-8367	776	12	capitalization	capitalization	NOUN
taxlaw-8367	776	13	of	of	ADP
taxlaw-8367	776	14	interest	interest	NOUN
taxlaw-8367	776	15	payments	payment	NOUN
taxlaw-8367	776	16	for	for	ADP
taxlaw-8367	776	17	interest	interest	NOUN
taxlaw-8367	776	18	,	,	PUNCT
taxlaw-8367	776	19	the	the	DET
taxlaw-8367	776	20	deduction	deduction	NOUN
taxlaw-8367	776	21	for	for	ADP
taxlaw-8367	776	22	which	which	PRON
taxlaw-8367	776	23	is	be	AUX
taxlaw-8367	776	24	denied	deny	VERB
taxlaw-8367	776	25	under	under	ADP
taxlaw-8367	776	26	section	section	NOUN
taxlaw-8367	776	27	263a(a	263a(a	NUM
taxlaw-8367	776	28	)	)	PUNCT
taxlaw-8367	776	29	.	.	PUNCT
taxlaw-8367	777	1	143	143	NUM
taxlaw-8367	777	2	i.r.c	i.r.c	NOUN
taxlaw-8367	777	3	.	.	PUNCT
taxlaw-8367	778	1	§	§	PROPN
taxlaw-8367	778	2	752	752	NUM
taxlaw-8367	778	3	.	.	PUNCT
taxlaw-8367	779	1	the	the	DET
taxlaw-8367	779	2	question	question	NOUN
taxlaw-8367	779	3	does	do	AUX
taxlaw-8367	779	4	not	not	PART
taxlaw-8367	779	5	arise	arise	VERB
taxlaw-8367	779	6	for	for	ADP
taxlaw-8367	779	7	“	"	PUNCT
taxlaw-8367	779	8	c	c	NOUN
taxlaw-8367	779	9	”	"	PUNCT
taxlaw-8367	779	10	corporations	corporation	NOUN
taxlaw-8367	779	11	because	because	SCONJ
taxlaw-8367	779	12	,	,	PUNCT
taxlaw-8367	779	13	as	as	SCONJ
taxlaw-8367	779	14	contrasted	contrast	VERB
taxlaw-8367	779	15	with	with	ADP
taxlaw-8367	779	16	partnerships	partnership	NOUN
taxlaw-8367	779	17	,	,	PUNCT
taxlaw-8367	779	18	c	c	PROPN
taxlaw-8367	779	19	corporations	corporation	NOUN
taxlaw-8367	779	20	are	be	AUX
taxlaw-8367	779	21	taxpayers	taxpayer	NOUN
taxlaw-8367	779	22	.	.	PUNCT
taxlaw-8367	780	1	i.r.c	i.r.c	NOUN
taxlaw-8367	780	2	.	.	PUNCT
taxlaw-8367	781	1	§	§	PROPN
taxlaw-8367	781	2	11	11	NUM
taxlaw-8367	781	3	.	.	PUNCT
taxlaw-8367	782	1	accordingly	accordingly	ADV
taxlaw-8367	782	2	,	,	PUNCT
taxlaw-8367	782	3	the	the	DET
taxlaw-8367	782	4	corporation	corporation	NOUN
taxlaw-8367	782	5	functions	function	NOUN
taxlaw-8367	782	6	analogously	analogously	ADV
taxlaw-8367	782	7	to	to	ADP
taxlaw-8367	782	8	an	an	DET
taxlaw-8367	782	9	individual	individual	NOUN
taxlaw-8367	782	10	for	for	ADP
taxlaw-8367	782	11	this	this	DET
taxlaw-8367	782	12	purpose	purpose	NOUN
taxlaw-8367	782	13	.	.	PUNCT
taxlaw-8367	783	1	partnerships	partnership	NOUN
taxlaw-8367	783	2	are	be	AUX
taxlaw-8367	783	3	subject	subject	ADJ
taxlaw-8367	783	4	to	to	ADP
taxlaw-8367	783	5	a	a	DET
taxlaw-8367	783	6	pass	pass	VERB
taxlaw-8367	783	7	-	-	PUNCT
taxlaw-8367	783	8	through	through	ADP
taxlaw-8367	783	9	regime	regime	NOUN
taxlaw-8367	783	10	under	under	ADP
taxlaw-8367	783	11	which	which	PRON
taxlaw-8367	783	12	the	the	DET
taxlaw-8367	783	13	partnership	partnership	NOUN
taxlaw-8367	783	14	’s	’s	PART
taxlaw-8367	783	15	items	item	NOUN
taxlaw-8367	783	16	of	of	ADP
taxlaw-8367	783	17	igld	igld	ADJ
taxlaw-8367	783	18	are	be	AUX
taxlaw-8367	783	19	taxable	taxable	ADJ
taxlaw-8367	783	20	to	to	ADP
taxlaw-8367	783	21	the	the	DET
taxlaw-8367	783	22	partners	partner	NOUN
taxlaw-8367	783	23	only	only	ADV
taxlaw-8367	783	24	.	.	PUNCT
taxlaw-8367	784	1	i.r.c	i.r.c	NOUN
taxlaw-8367	784	2	.	.	PUNCT
taxlaw-8367	785	1	§	§	PROPN
taxlaw-8367	785	2	701	701	NUM
taxlaw-8367	785	3	.	.	PUNCT
taxlaw-8367	786	1	the	the	DET
taxlaw-8367	786	2	problem	problem	NOUN
taxlaw-8367	786	3	for	for	ADP
taxlaw-8367	786	4	borrowing	borrowing	NOUN
taxlaw-8367	786	5	also	also	ADV
taxlaw-8367	786	6	would	would	AUX
taxlaw-8367	786	7	arise	arise	VERB
taxlaw-8367	786	8	,	,	PUNCT
taxlaw-8367	786	9	in	in	ADP
taxlaw-8367	786	10	theory	theory	NOUN
taxlaw-8367	786	11	,	,	PUNCT
taxlaw-8367	786	12	for	for	ADP
taxlaw-8367	786	13	s	s	PROPN
taxlaw-8367	786	14	corporations	corporation	NOUN
taxlaw-8367	786	15	,	,	PUNCT
taxlaw-8367	786	16	which	which	PRON
taxlaw-8367	786	17	like	like	ADP
taxlaw-8367	786	18	partnerships	partnership	NOUN
taxlaw-8367	786	19	are	be	AUX
taxlaw-8367	786	20	pass	pass	NOUN
taxlaw-8367	786	21	-	-	PUNCT
taxlaw-8367	786	22	through	through	ADP
taxlaw-8367	786	23	entities	entity	NOUN
taxlaw-8367	786	24	,	,	PUNCT
taxlaw-8367	786	25	except	except	SCONJ
taxlaw-8367	786	26	that	that	PRON
taxlaw-8367	786	27	s	s	VERB
taxlaw-8367	786	28	corporation	corporation	NOUN
taxlaw-8367	786	29	shareholders	shareholder	NOUN
taxlaw-8367	786	30	do	do	AUX
taxlaw-8367	786	31	not	not	PART
taxlaw-8367	786	32	receive	receive	VERB
taxlaw-8367	786	33	basis	basis	NOUN
taxlaw-8367	786	34	credit	credit	NOUN
taxlaw-8367	786	35	in	in	ADP
taxlaw-8367	786	36	the	the	DET
taxlaw-8367	786	37	corporation	corporation	NOUN
taxlaw-8367	786	38	’s	’s	PART
taxlaw-8367	786	39	debt	debt	NOUN
taxlaw-8367	786	40	unless	unless	SCONJ
taxlaw-8367	786	41	the	the	DET
taxlaw-8367	786	42	shareholder	shareholder	NOUN
taxlaw-8367	786	43	is	be	AUX
taxlaw-8367	786	44	the	the	DET
taxlaw-8367	786	45	lender	lender	NOUN
taxlaw-8367	786	46	.	.	PUNCT
taxlaw-8367	787	1	i.r.c	i.r.c	NOUN
taxlaw-8367	787	2	.	.	PUNCT
taxlaw-8367	788	1	§	§	PROPN
taxlaw-8367	788	2	1367(b)(2)(a	1367(b)(2)(a	NUM
taxlaw-8367	788	3	)	)	PUNCT
taxlaw-8367	788	4	.	.	PUNCT
taxlaw-8367	789	1	144	144	NUM
taxlaw-8367	789	2	i.r.c	i.r.c	NOUN
taxlaw-8367	789	3	.	.	PUNCT
taxlaw-8367	790	1	§	§	PROPN
taxlaw-8367	790	2	722	722	NUM
taxlaw-8367	790	3	.	.	X
taxlaw-8367	790	4	118	118	NUM
taxlaw-8367	790	5	columbia	columbia	PROPN
taxlaw-8367	790	6	journal	journal	PROPN
taxlaw-8367	790	7	of	of	ADP
taxlaw-8367	790	8	tax	tax	NOUN
taxlaw-8367	790	9	law	law	NOUN
taxlaw-8367	791	1	[	[	X
taxlaw-8367	791	2	vol	vol	NOUN
taxlaw-8367	791	3	.	.	PUNCT
taxlaw-8367	791	4	12:89	12:89	NUM
taxlaw-8367	791	5	have	have	VERB
taxlaw-8367	791	6	basis	basis	NOUN
taxlaw-8367	791	7	in	in	ADP
taxlaw-8367	791	8	the	the	DET
taxlaw-8367	791	9	property	property	NOUN
taxlaw-8367	791	10	in	in	ADP
taxlaw-8367	791	11	the	the	DET
taxlaw-8367	791	12	same	same	ADJ
taxlaw-8367	791	13	way	way	NOUN
taxlaw-8367	791	14	that	that	PRON
taxlaw-8367	791	15	any	any	DET
taxlaw-8367	791	16	other	other	ADJ
taxlaw-8367	791	17	borrower	borrower	NOUN
taxlaw-8367	791	18	would,145	would,145	PROPN
taxlaw-8367	792	1	but	but	CCONJ
taxlaw-8367	792	2	it	it	PRON
taxlaw-8367	792	3	is	be	AUX
taxlaw-8367	792	4	not	not	PART
taxlaw-8367	792	5	obvious	obvious	ADJ
taxlaw-8367	792	6	how	how	SCONJ
taxlaw-8367	792	7	the	the	DET
taxlaw-8367	792	8	basis	basis	NOUN
taxlaw-8367	792	9	credit	credit	NOUN
taxlaw-8367	792	10	will	will	AUX
taxlaw-8367	792	11	be	be	AUX
taxlaw-8367	792	12	shared	share	VERB
taxlaw-8367	792	13	between	between	ADP
taxlaw-8367	792	14	a	a	PRON
taxlaw-8367	792	15	and	and	CCONJ
taxlaw-8367	792	16	b	b	NOUN
taxlaw-8367	792	17	in	in	ADP
taxlaw-8367	792	18	their	their	PRON
taxlaw-8367	792	19	partnership	partnership	NOUN
taxlaw-8367	792	20	interests	interest	NOUN
taxlaw-8367	792	21	.	.	PUNCT
taxlaw-8367	793	1	does	do	AUX
taxlaw-8367	793	2	it	it	PRON
taxlaw-8367	793	3	go	go	VERB
taxlaw-8367	793	4	to	to	ADP
taxlaw-8367	793	5	them	they	PRON
taxlaw-8367	793	6	equally	equally	ADV
taxlaw-8367	793	7	,	,	PUNCT
taxlaw-8367	793	8	or	or	CCONJ
taxlaw-8367	793	9	on	on	ADP
taxlaw-8367	793	10	the	the	DET
taxlaw-8367	793	11	basis	basis	NOUN
taxlaw-8367	793	12	of	of	ADP
taxlaw-8367	793	13	their	their	PRON
taxlaw-8367	793	14	interests	interest	NOUN
taxlaw-8367	793	15	in	in	ADP
taxlaw-8367	793	16	ab	ab	PROPN
taxlaw-8367	793	17	,	,	PUNCT
taxlaw-8367	793	18	or	or	CCONJ
taxlaw-8367	793	19	according	accord	VERB
taxlaw-8367	793	20	to	to	ADP
taxlaw-8367	793	21	some	some	DET
taxlaw-8367	793	22	other	other	ADJ
taxlaw-8367	793	23	principle	principle	NOUN
taxlaw-8367	793	24	?	?	PUNCT
taxlaw-8367	794	1	basis	basis	NOUN
taxlaw-8367	794	2	allocation	allocation	NOUN
taxlaw-8367	794	3	is	be	AUX
taxlaw-8367	794	4	important	important	ADJ
taxlaw-8367	794	5	for	for	ADP
taxlaw-8367	794	6	a	a	DET
taxlaw-8367	794	7	number	number	NOUN
taxlaw-8367	794	8	of	of	ADP
taxlaw-8367	794	9	reasons	reason	NOUN
taxlaw-8367	794	10	,	,	PUNCT
taxlaw-8367	794	11	including	include	VERB
taxlaw-8367	794	12	the	the	DET
taxlaw-8367	794	13	availability	availability	NOUN
taxlaw-8367	794	14	to	to	ADP
taxlaw-8367	794	15	the	the	DET
taxlaw-8367	794	16	partners	partner	NOUN
taxlaw-8367	794	17	of	of	ADP
taxlaw-8367	794	18	deductions	deduction	NOUN
taxlaw-8367	794	19	allocable	allocable	ADJ
taxlaw-8367	794	20	to	to	ADP
taxlaw-8367	794	21	them	they	PRON
taxlaw-8367	794	22	from	from	ADP
taxlaw-8367	794	23	the	the	DET
taxlaw-8367	794	24	partnership	partnership	NOUN
taxlaw-8367	794	25	’s	’s	PART
taxlaw-8367	794	26	activity146	activity146	PROPN
taxlaw-8367	794	27	and	and	CCONJ
taxlaw-8367	794	28	the	the	DET
taxlaw-8367	794	29	partners	partner	NOUN
taxlaw-8367	794	30	’	’	PART
taxlaw-8367	794	31	ability	ability	NOUN
taxlaw-8367	794	32	to	to	PART
taxlaw-8367	794	33	avoid	avoid	VERB
taxlaw-8367	794	34	inclusions	inclusion	NOUN
taxlaw-8367	794	35	on	on	ADP
taxlaw-8367	794	36	cash	cash	NOUN
taxlaw-8367	794	37	distributions	distribution	NOUN
taxlaw-8367	794	38	from	from	ADP
taxlaw-8367	794	39	the	the	DET
taxlaw-8367	794	40	partnership	partnership	NOUN
taxlaw-8367	794	41	to	to	ADP
taxlaw-8367	794	42	them.147	them.147	PROPN
taxlaw-8367	794	43	as	as	ADP
taxlaw-8367	794	44	a	a	DET
taxlaw-8367	794	45	general	general	ADJ
taxlaw-8367	794	46	matter	matter	NOUN
taxlaw-8367	794	47	,	,	PUNCT
taxlaw-8367	794	48	deductions	deduction	NOUN
taxlaw-8367	794	49	are	be	AUX
taxlaw-8367	794	50	available	available	ADJ
taxlaw-8367	794	51	,	,	PUNCT
taxlaw-8367	794	52	and	and	CCONJ
taxlaw-8367	794	53	income	income	NOUN
taxlaw-8367	794	54	inclusion	inclusion	NOUN
taxlaw-8367	794	55	avoided	avoid	VERB
taxlaw-8367	794	56	,	,	PUNCT
taxlaw-8367	794	57	only	only	ADV
taxlaw-8367	794	58	to	to	ADP
taxlaw-8367	794	59	the	the	DET
taxlaw-8367	794	60	extent	extent	NOUN
taxlaw-8367	794	61	of	of	ADP
taxlaw-8367	794	62	the	the	DET
taxlaw-8367	794	63	partner	partner	NOUN
taxlaw-8367	794	64	’s	’s	PART
taxlaw-8367	794	65	basis	basis	NOUN
taxlaw-8367	794	66	in	in	ADP
taxlaw-8367	794	67	her	her	PRON
taxlaw-8367	794	68	partnership	partnership	NOUN
taxlaw-8367	794	69	interest	interest	NOUN
taxlaw-8367	794	70	,	,	PUNCT
taxlaw-8367	794	71	with	with	ADP
taxlaw-8367	794	72	deductions	deduction	NOUN
taxlaw-8367	794	73	and	and	CCONJ
taxlaw-8367	794	74	cash	cash	NOUN
taxlaw-8367	794	75	distributions	distribution	NOUN
taxlaw-8367	794	76	reducing	reduce	VERB
taxlaw-8367	794	77	basis	basis	NOUN
taxlaw-8367	794	78	dollar	dollar	NOUN
taxlaw-8367	794	79	for	for	ADP
taxlaw-8367	794	80	dollar	dollar	NOUN
taxlaw-8367	794	81	(	(	PUNCT
taxlaw-8367	794	82	not	not	PART
taxlaw-8367	794	83	below	below	ADP
taxlaw-8367	794	84	0).148	0).148	NOUN
taxlaw-8367	794	85	allocable	allocable	ADJ
taxlaw-8367	794	86	deductions	deduction	NOUN
taxlaw-8367	794	87	that	that	PRON
taxlaw-8367	794	88	exceed	exceed	VERB
taxlaw-8367	794	89	available	available	ADJ
taxlaw-8367	794	90	outside	outside	ADJ
taxlaw-8367	794	91	basis	basis	NOUN
taxlaw-8367	794	92	are	be	AUX
taxlaw-8367	794	93	suspended	suspend	VERB
taxlaw-8367	794	94	and	and	CCONJ
taxlaw-8367	794	95	carried	carry	VERB
taxlaw-8367	794	96	forward	forward	ADV
taxlaw-8367	794	97	,	,	PUNCT
taxlaw-8367	794	98	149	149	NUM
taxlaw-8367	794	99	while	while	SCONJ
taxlaw-8367	794	100	cash	cash	NOUN
taxlaw-8367	794	101	distributions	distribution	NOUN
taxlaw-8367	794	102	in	in	ADP
taxlaw-8367	794	103	excess	excess	NOUN
taxlaw-8367	794	104	of	of	ADP
taxlaw-8367	794	105	available	available	ADJ
taxlaw-8367	794	106	outside	outside	ADJ
taxlaw-8367	794	107	basis	basis	NOUN
taxlaw-8367	794	108	are	be	AUX
taxlaw-8367	794	109	taxable.150	taxable.150	VERB
taxlaw-8367	794	110	under	under	ADP
taxlaw-8367	794	111	current	current	ADJ
taxlaw-8367	794	112	regulations	regulation	NOUN
taxlaw-8367	794	113	,	,	PUNCT
taxlaw-8367	794	114	the	the	DET
taxlaw-8367	794	115	method	method	NOUN
taxlaw-8367	794	116	of	of	ADP
taxlaw-8367	794	117	allocating	allocate	VERB
taxlaw-8367	794	118	basis	basis	NOUN
taxlaw-8367	794	119	credit	credit	NOUN
taxlaw-8367	794	120	for	for	ADP
taxlaw-8367	794	121	partnership	partnership	NOUN
taxlaw-8367	794	122	borrowing	borrowing	NOUN
taxlaw-8367	794	123	among	among	ADP
taxlaw-8367	794	124	the	the	DET
taxlaw-8367	794	125	partners	partner	NOUN
taxlaw-8367	794	126	depends	depend	VERB
taxlaw-8367	794	127	on	on	ADP
taxlaw-8367	794	128	the	the	DET
taxlaw-8367	794	129	nature	nature	NOUN
taxlaw-8367	794	130	of	of	ADP
taxlaw-8367	794	131	the	the	DET
taxlaw-8367	794	132	borrowing	borrowing	NOUN
taxlaw-8367	794	133	.	.	PUNCT
taxlaw-8367	795	1	if	if	SCONJ
taxlaw-8367	795	2	the	the	DET
taxlaw-8367	795	3	loan	loan	NOUN
taxlaw-8367	795	4	is	be	AUX
taxlaw-8367	795	5	recourse	recourse	NOUN
taxlaw-8367	795	6	to	to	ADP
taxlaw-8367	795	7	one	one	NUM
taxlaw-8367	795	8	or	or	CCONJ
taxlaw-8367	795	9	more	more	ADJ
taxlaw-8367	795	10	partners	partner	NOUN
taxlaw-8367	795	11	,	,	PUNCT
taxlaw-8367	795	12	basis	basis	NOUN
taxlaw-8367	795	13	is	be	AUX
taxlaw-8367	795	14	allocated	allocate	VERB
taxlaw-8367	795	15	by	by	ADP
taxlaw-8367	795	16	“	"	PUNCT
taxlaw-8367	795	17	economic	economic	ADJ
taxlaw-8367	795	18	risk	risk	NOUN
taxlaw-8367	795	19	of	of	ADP
taxlaw-8367	795	20	loss	loss	NOUN
taxlaw-8367	795	21	”	"	PUNCT
taxlaw-8367	795	22	(	(	PUNCT
taxlaw-8367	795	23	erl).151	erl).151	NOUN
taxlaw-8367	795	24	if	if	SCONJ
taxlaw-8367	795	25	it	it	PRON
taxlaw-8367	795	26	is	be	AUX
taxlaw-8367	795	27	nonrecourse	nonrecourse	ADJ
taxlaw-8367	795	28	,	,	PUNCT
taxlaw-8367	795	29	a	a	DET
taxlaw-8367	795	30	more	more	ADV
taxlaw-8367	795	31	complicated	complicated	ADJ
taxlaw-8367	795	32	regime	regime	NOUN
taxlaw-8367	795	33	applies	apply	VERB
taxlaw-8367	795	34	,	,	PUNCT
taxlaw-8367	795	35	but	but	CCONJ
taxlaw-8367	795	36	for	for	ADP
taxlaw-8367	795	37	present	present	ADJ
taxlaw-8367	795	38	purposes	purpose	NOUN
taxlaw-8367	795	39	it	it	PRON
taxlaw-8367	795	40	will	will	AUX
taxlaw-8367	795	41	suffice	suffice	VERB
taxlaw-8367	795	42	to	to	PART
taxlaw-8367	795	43	treat	treat	VERB
taxlaw-8367	795	44	the	the	DET
taxlaw-8367	795	45	basic	basic	ADJ
taxlaw-8367	795	46	rule	rule	NOUN
taxlaw-8367	795	47	as	as	ADP
taxlaw-8367	795	48	allocation	allocation	NOUN
taxlaw-8367	795	49	by	by	ADP
taxlaw-8367	795	50	profit	profit	NOUN
taxlaw-8367	795	51	shares.152	shares.152	PROPN
taxlaw-8367	795	52	as	as	SCONJ
taxlaw-8367	795	53	developed	develop	VERB
taxlaw-8367	795	54	below	below	ADV
taxlaw-8367	795	55	,	,	PUNCT
taxlaw-8367	795	56	lal	lal	PROPN
taxlaw-8367	795	57	is	be	AUX
taxlaw-8367	795	58	flatly	flatly	ADV
taxlaw-8367	795	59	inconsistent	inconsistent	ADJ
taxlaw-8367	795	60	with	with	ADP
taxlaw-8367	795	61	making	make	VERB
taxlaw-8367	795	62	allocations	allocation	NOUN
taxlaw-8367	795	63	according	accord	VERB
taxlaw-8367	795	64	to	to	ADP
taxlaw-8367	795	65	erl	erl	NOUN
taxlaw-8367	795	66	and	and	CCONJ
taxlaw-8367	795	67	is	be	AUX
taxlaw-8367	795	68	in	in	ADP
taxlaw-8367	795	69	some	some	DET
taxlaw-8367	795	70	tension	tension	NOUN
taxlaw-8367	795	71	with	with	ADP
taxlaw-8367	795	72	making	make	VERB
taxlaw-8367	795	73	allocations	allocation	NOUN
taxlaw-8367	795	74	by	by	ADP
taxlaw-8367	795	75	profit	profit	NOUN
taxlaw-8367	795	76	shares	share	NOUN
taxlaw-8367	795	77	.	.	PUNCT
taxlaw-8367	796	1	if	if	SCONJ
taxlaw-8367	796	2	the	the	DET
taxlaw-8367	796	3	rules	rule	NOUN
taxlaw-8367	796	4	were	be	AUX
taxlaw-8367	796	5	reformed	reform	VERB
taxlaw-8367	796	6	to	to	PART
taxlaw-8367	796	7	reflect	reflect	VERB
taxlaw-8367	796	8	the	the	DET
taxlaw-8367	796	9	principle	principle	NOUN
taxlaw-8367	796	10	that	that	SCONJ
taxlaw-8367	796	11	interest	interest	NOUN
taxlaw-8367	796	12	is	be	AUX
taxlaw-8367	796	13	the	the	DET
taxlaw-8367	796	14	consideration	consideration	NOUN
taxlaw-8367	796	15	paid	pay	VERB
taxlaw-8367	796	16	for	for	ADP
taxlaw-8367	796	17	the	the	DET
taxlaw-8367	796	18	use	use	NOUN
taxlaw-8367	796	19	of	of	ADP
taxlaw-8367	796	20	loan	loan	NOUN
taxlaw-8367	796	21	proceeds	proceed	NOUN
taxlaw-8367	796	22	,	,	PUNCT
taxlaw-8367	796	23	the	the	DET
taxlaw-8367	796	24	rules	rule	NOUN
taxlaw-8367	796	25	for	for	ADP
taxlaw-8367	796	26	partnership	partnership	NOUN
taxlaw-8367	796	27	liabilities	liability	NOUN
taxlaw-8367	796	28	would	would	AUX
taxlaw-8367	796	29	not	not	PART
taxlaw-8367	796	30	be	be	AUX
taxlaw-8367	796	31	bifurcated	bifurcate	VERB
taxlaw-8367	796	32	based	base	VERB
taxlaw-8367	796	33	on	on	ADP
taxlaw-8367	796	34	the	the	DET
taxlaw-8367	796	35	nature	nature	NOUN
taxlaw-8367	796	36	of	of	ADP
taxlaw-8367	796	37	the	the	DET
taxlaw-8367	796	38	debt	debt	NOUN
taxlaw-8367	796	39	as	as	ADP
taxlaw-8367	796	40	recourse	recourse	NOUN
taxlaw-8367	796	41	or	or	CCONJ
taxlaw-8367	796	42	nonrecourse	nonrecourse	NOUN
taxlaw-8367	796	43	.	.	PUNCT
taxlaw-8367	797	1	instead	instead	ADV
taxlaw-8367	797	2	,	,	PUNCT
taxlaw-8367	797	3	the	the	DET
taxlaw-8367	797	4	rules	rule	NOUN
taxlaw-8367	797	5	would	would	AUX
taxlaw-8367	797	6	be	be	AUX
taxlaw-8367	797	7	uniform	uniform	ADJ
taxlaw-8367	797	8	and	and	CCONJ
taxlaw-8367	797	9	would	would	AUX
taxlaw-8367	797	10	in	in	ADP
taxlaw-8367	797	11	some	some	DET
taxlaw-8367	797	12	measure	measure	NOUN
taxlaw-8367	797	13	parallel	parallel	VERB
taxlaw-8367	797	14	the	the	DET
taxlaw-8367	797	15	existing	exist	VERB
taxlaw-8367	797	16	rules	rule	NOUN
taxlaw-8367	797	17	for	for	ADP
taxlaw-8367	797	18	what	what	PRON
taxlaw-8367	797	19	are	be	AUX
taxlaw-8367	797	20	termed	term	VERB
taxlaw-8367	797	21	“	"	PUNCT
taxlaw-8367	797	22	excess	excess	ADJ
taxlaw-8367	797	23	nonrecourse	nonrecourse	NOUN
taxlaw-8367	797	24	liabilities	liability	NOUN
taxlaw-8367	797	25	.	.	PUNCT
taxlaw-8367	798	1	”153	”153	NOUN
taxlaw-8367	799	1	this	this	PRON
taxlaw-8367	799	2	is	be	AUX
taxlaw-8367	799	3	an	an	DET
taxlaw-8367	799	4	especially	especially	ADV
taxlaw-8367	799	5	attractive	attractive	ADJ
taxlaw-8367	799	6	result	result	NOUN
taxlaw-8367	799	7	given	give	VERB
taxlaw-8367	799	8	the	the	DET
taxlaw-8367	799	9	functional	functional	ADJ
taxlaw-8367	799	10	similarity	similarity	NOUN
taxlaw-8367	799	11	between	between	ADP
taxlaw-8367	799	12	most	most	ADV
taxlaw-8367	799	13	(	(	PUNCT
taxlaw-8367	799	14	genuine	genuine	ADJ
taxlaw-8367	799	15	)	)	PUNCT
taxlaw-8367	799	16	nonrecourse	nonrecourse	NOUN
taxlaw-8367	799	17	and	and	CCONJ
taxlaw-8367	799	18	recourse	recourse	VERB
taxlaw-8367	799	19	debt	debt	NOUN
taxlaw-8367	799	20	.	.	PUNCT
taxlaw-8367	800	1	by	by	ADP
taxlaw-8367	800	2	contrast	contrast	NOUN
taxlaw-8367	800	3	,	,	PUNCT
taxlaw-8367	800	4	under	under	ADP
taxlaw-8367	800	5	current	current	ADJ
taxlaw-8367	800	6	law	law	NOUN
taxlaw-8367	800	7	,	,	PUNCT
taxlaw-8367	800	8	partners	partner	NOUN
taxlaw-8367	800	9	can	can	AUX
taxlaw-8367	800	10	effectively	effectively	ADV
taxlaw-8367	800	11	choose	choose	VERB
taxlaw-8367	800	12	basis	basis	NOUN
taxlaw-8367	800	13	allocations	allocation	NOUN
taxlaw-8367	800	14	to	to	ADP
taxlaw-8367	800	15	a	a	DET
taxlaw-8367	800	16	large	large	ADJ
taxlaw-8367	800	17	extent	extent	NOUN
taxlaw-8367	800	18	by	by	ADP
taxlaw-8367	800	19	structuring	structure	VERB
taxlaw-8367	800	20	a	a	DET
taxlaw-8367	800	21	loan	loan	NOUN
taxlaw-8367	800	22	as	as	ADP
taxlaw-8367	800	23	recourse	recourse	NOUN
taxlaw-8367	800	24	or	or	CCONJ
taxlaw-8367	800	25	nonrecourse	nonrecourse	NOUN
taxlaw-8367	800	26	,	,	PUNCT
taxlaw-8367	800	27	depending	depend	VERB
taxlaw-8367	800	28	on	on	ADP
taxlaw-8367	800	29	which	which	PRON
taxlaw-8367	800	30	best	good	ADJ
taxlaw-8367	800	31	suits	suit	VERB
taxlaw-8367	800	32	their	their	PRON
taxlaw-8367	800	33	tax	tax	NOUN
taxlaw-8367	800	34	preferences	preference	NOUN
taxlaw-8367	800	35	,	,	PUNCT
taxlaw-8367	800	36	even	even	ADV
taxlaw-8367	800	37	though	though	SCONJ
taxlaw-8367	800	38	the	the	DET
taxlaw-8367	800	39	facts	fact	NOUN
taxlaw-8367	800	40	on	on	ADP
taxlaw-8367	800	41	the	the	DET
taxlaw-8367	800	42	ground	ground	NOUN
taxlaw-8367	800	43	may	may	AUX
taxlaw-8367	800	44	differ	differ	VERB
taxlaw-8367	800	45	only	only	ADV
taxlaw-8367	800	46	slightly	slightly	ADV
taxlaw-8367	800	47	between	between	ADP
taxlaw-8367	800	48	the	the	DET
taxlaw-8367	800	49	two	two	NUM
taxlaw-8367	800	50	arrangements	arrangement	NOUN
taxlaw-8367	800	51	.	.	PUNCT
taxlaw-8367	801	1	a.	a.	NOUN
taxlaw-8367	801	2	recourse	recourse	NOUN
taxlaw-8367	801	3	liabilities	liability	NOUN
taxlaw-8367	801	4	applicable	applicable	ADJ
taxlaw-8367	801	5	regulations	regulation	NOUN
taxlaw-8367	801	6	define	define	VERB
taxlaw-8367	801	7	recourse	recourse	NOUN
taxlaw-8367	801	8	liabilities	liability	NOUN
taxlaw-8367	801	9	of	of	ADP
taxlaw-8367	801	10	a	a	DET
taxlaw-8367	801	11	partnership	partnership	NOUN
taxlaw-8367	801	12	as	as	ADP
taxlaw-8367	801	13	liabilities	liability	NOUN
taxlaw-8367	801	14	for	for	ADP
taxlaw-8367	801	15	which	which	PRON
taxlaw-8367	801	16	one	one	NUM
taxlaw-8367	801	17	or	or	CCONJ
taxlaw-8367	801	18	more	more	ADJ
taxlaw-8367	801	19	partners	partner	NOUN
taxlaw-8367	801	20	or	or	CCONJ
taxlaw-8367	801	21	related	related	ADJ
taxlaw-8367	801	22	parties	party	NOUN
taxlaw-8367	801	23	would	would	AUX
taxlaw-8367	801	24	be	be	AUX
taxlaw-8367	801	25	personally	personally	ADV
taxlaw-8367	801	26	liable	liable	ADJ
taxlaw-8367	801	27	on	on	ADP
taxlaw-8367	801	28	default.154	default.154	NOUN
taxlaw-8367	801	29	the	the	DET
taxlaw-8367	801	30	145	145	NUM
taxlaw-8367	801	31	i.r.c	i.r.c	NOUN
taxlaw-8367	801	32	.	.	PUNCT
taxlaw-8367	802	1	§	§	PROPN
taxlaw-8367	802	2	752(a	752(a	PROPN
taxlaw-8367	802	3	)	)	PUNCT
taxlaw-8367	802	4	(	(	PUNCT
taxlaw-8367	802	5	provides	provide	VERB
taxlaw-8367	802	6	that	that	SCONJ
taxlaw-8367	802	7	a	a	DET
taxlaw-8367	802	8	partner	partner	NOUN
taxlaw-8367	802	9	’s	’s	PART
taxlaw-8367	802	10	assumption	assumption	NOUN
taxlaw-8367	802	11	of	of	ADP
taxlaw-8367	802	12	a	a	DET
taxlaw-8367	802	13	partnership	partnership	NOUN
taxlaw-8367	802	14	’s	’s	PART
taxlaw-8367	802	15	liability	liability	NOUN
taxlaw-8367	802	16	is	be	AUX
taxlaw-8367	802	17	treated	treat	VERB
taxlaw-8367	802	18	for	for	ADP
taxlaw-8367	802	19	all	all	DET
taxlaw-8367	802	20	purposes	purpose	NOUN
taxlaw-8367	802	21	as	as	ADP
taxlaw-8367	802	22	a	a	DET
taxlaw-8367	802	23	cash	cash	NOUN
taxlaw-8367	802	24	contribution	contribution	NOUN
taxlaw-8367	802	25	by	by	ADP
taxlaw-8367	802	26	the	the	DET
taxlaw-8367	802	27	partner	partner	NOUN
taxlaw-8367	802	28	to	to	ADP
taxlaw-8367	802	29	the	the	DET
taxlaw-8367	802	30	partnership	partnership	NOUN
taxlaw-8367	802	31	)	)	PUNCT
taxlaw-8367	802	32	.	.	PUNCT
taxlaw-8367	803	1	i.r.c	i.r.c	NOUN
taxlaw-8367	803	2	.	.	PUNCT
taxlaw-8367	804	1	§	§	PROPN
taxlaw-8367	804	2	723	723	NUM
taxlaw-8367	804	3	(	(	PUNCT
taxlaw-8367	804	4	provides	provide	VERB
taxlaw-8367	804	5	that	that	SCONJ
taxlaw-8367	804	6	the	the	DET
taxlaw-8367	804	7	partnership	partnership	NOUN
taxlaw-8367	804	8	’s	’s	PART
taxlaw-8367	804	9	basis	basis	NOUN
taxlaw-8367	804	10	in	in	ADP
taxlaw-8367	804	11	property	property	NOUN
taxlaw-8367	804	12	includes	include	VERB
taxlaw-8367	804	13	that	that	PRON
taxlaw-8367	804	14	of	of	ADP
taxlaw-8367	804	15	the	the	DET
taxlaw-8367	804	16	contributing	contribute	VERB
taxlaw-8367	804	17	partner	partner	NOUN
taxlaw-8367	804	18	,	,	PUNCT
taxlaw-8367	804	19	meaning	mean	VERB
taxlaw-8367	804	20	that	that	SCONJ
taxlaw-8367	804	21	the	the	DET
taxlaw-8367	804	22	partner	partner	NOUN
taxlaw-8367	804	23	gets	get	VERB
taxlaw-8367	804	24	basis	basis	NOUN
taxlaw-8367	804	25	credit	credit	NOUN
taxlaw-8367	804	26	in	in	ADP
taxlaw-8367	804	27	the	the	DET
taxlaw-8367	804	28	cash	cash	NOUN
taxlaw-8367	804	29	deemed	deem	VERB
taxlaw-8367	804	30	contributed	contribute	VERB
taxlaw-8367	804	31	under	under	ADP
taxlaw-8367	804	32	section	section	NOUN
taxlaw-8367	804	33	752	752	NUM
taxlaw-8367	804	34	)	)	PUNCT
taxlaw-8367	804	35	.	.	PUNCT
taxlaw-8367	805	1	section	section	NOUN
taxlaw-8367	805	2	752	752	NUM
taxlaw-8367	805	3	does	do	AUX
taxlaw-8367	805	4	not	not	PART
taxlaw-8367	805	5	specify	specify	VERB
taxlaw-8367	805	6	,	,	PUNCT
taxlaw-8367	805	7	however	however	ADV
taxlaw-8367	805	8	,	,	PUNCT
taxlaw-8367	805	9	how	how	SCONJ
taxlaw-8367	805	10	to	to	PART
taxlaw-8367	805	11	determine	determine	VERB
taxlaw-8367	805	12	the	the	DET
taxlaw-8367	805	13	size	size	NOUN
taxlaw-8367	805	14	of	of	ADP
taxlaw-8367	805	15	the	the	DET
taxlaw-8367	805	16	deemed	deem	VERB
taxlaw-8367	805	17	cash	cash	NOUN
taxlaw-8367	805	18	contribution	contribution	NOUN
taxlaw-8367	805	19	of	of	ADP
taxlaw-8367	805	20	any	any	DET
taxlaw-8367	805	21	individual	individual	ADJ
taxlaw-8367	805	22	partner	partner	NOUN
taxlaw-8367	805	23	in	in	ADP
taxlaw-8367	805	24	respect	respect	NOUN
taxlaw-8367	805	25	of	of	ADP
taxlaw-8367	805	26	the	the	DET
taxlaw-8367	805	27	partnership	partnership	NOUN
taxlaw-8367	805	28	’s	’s	PART
taxlaw-8367	805	29	third	third	ADJ
taxlaw-8367	805	30	-	-	PUNCT
taxlaw-8367	805	31	party	party	NOUN
taxlaw-8367	805	32	borrowing	borrowing	NOUN
taxlaw-8367	805	33	.	.	PUNCT
taxlaw-8367	806	1	instead	instead	ADV
taxlaw-8367	806	2	,	,	PUNCT
taxlaw-8367	806	3	regulations	regulation	NOUN
taxlaw-8367	806	4	under	under	ADP
taxlaw-8367	806	5	section	section	NOUN
taxlaw-8367	806	6	752	752	NUM
taxlaw-8367	806	7	provide	provide	VERB
taxlaw-8367	806	8	rules	rule	NOUN
taxlaw-8367	806	9	as	as	SCONJ
taxlaw-8367	806	10	discussed	discuss	VERB
taxlaw-8367	806	11	in	in	ADP
taxlaw-8367	806	12	this	this	DET
taxlaw-8367	806	13	subpart	subpart	NOUN
taxlaw-8367	806	14	.	.	PUNCT
taxlaw-8367	807	1	see	see	VERB
taxlaw-8367	807	2	treas	treas	PROPN
taxlaw-8367	807	3	.	.	PUNCT
taxlaw-8367	808	1	reg	reg	PROPN
taxlaw-8367	808	2	.	.	PUNCT
taxlaw-8367	809	1	§	§	PROPN
taxlaw-8367	809	2	§	§	PROPN
taxlaw-8367	809	3	1.752–1	1.752–1	NUM
taxlaw-8367	809	4	(	(	PUNCT
taxlaw-8367	809	5	treatment	treatment	NOUN
taxlaw-8367	809	6	of	of	ADP
taxlaw-8367	809	7	partnership	partnership	NOUN
taxlaw-8367	809	8	liabilities	liability	NOUN
taxlaw-8367	809	9	in	in	ADP
taxlaw-8367	809	10	general	general	ADJ
taxlaw-8367	809	11	)	)	PUNCT
taxlaw-8367	809	12	,	,	PUNCT
taxlaw-8367	809	13	–	–	PUNCT
taxlaw-8367	809	14	2	2	NUM
taxlaw-8367	809	15	(	(	PUNCT
taxlaw-8367	809	16	treatment	treatment	NOUN
taxlaw-8367	809	17	of	of	ADP
taxlaw-8367	809	18	partnership	partnership	NOUN
taxlaw-8367	809	19	recourse	recourse	NOUN
taxlaw-8367	809	20	liabilities	liability	NOUN
taxlaw-8367	809	21	)	)	PUNCT
taxlaw-8367	809	22	,	,	PUNCT
taxlaw-8367	809	23	–	–	PUNCT
taxlaw-8367	809	24	3	3	NUM
taxlaw-8367	809	25	(	(	PUNCT
taxlaw-8367	809	26	treatment	treatment	NOUN
taxlaw-8367	809	27	of	of	ADP
taxlaw-8367	809	28	partnership	partnership	NOUN
taxlaw-8367	809	29	nonrecourse	nonrecourse	NOUN
taxlaw-8367	809	30	liabilities	liability	NOUN
taxlaw-8367	809	31	)	)	PUNCT
taxlaw-8367	809	32	.	.	PUNCT
taxlaw-8367	810	1	146	146	NUM
taxlaw-8367	810	2	i.r.c	i.r.c	NOUN
taxlaw-8367	810	3	.	.	PUNCT
taxlaw-8367	811	1	§	§	PROPN
taxlaw-8367	811	2	704(d)(1	704(d)(1	NUM
taxlaw-8367	811	3	)	)	PUNCT
taxlaw-8367	811	4	.	.	PUNCT
taxlaw-8367	812	1	147	147	NUM
taxlaw-8367	812	2	i.r.c	i.r.c	NOUN
taxlaw-8367	812	3	.	.	PUNCT
taxlaw-8367	813	1	§	§	PROPN
taxlaw-8367	813	2	731(a)(1	731(a)(1	NUM
taxlaw-8367	813	3	)	)	PUNCT
taxlaw-8367	813	4	.	.	PUNCT
taxlaw-8367	814	1	148	148	NUM
taxlaw-8367	814	2	i.r.c	i.r.c	NOUN
taxlaw-8367	814	3	.	.	PUNCT
taxlaw-8367	815	1	§	§	PROPN
taxlaw-8367	815	2	705(a)(2	705(a)(2	NOUN
taxlaw-8367	815	3	)	)	PUNCT
taxlaw-8367	815	4	,	,	PUNCT
taxlaw-8367	815	5	(	(	PUNCT
taxlaw-8367	815	6	3	3	NUM
taxlaw-8367	815	7	)	)	PUNCT
taxlaw-8367	815	8	.	.	PUNCT
taxlaw-8367	816	1	149	149	NUM
taxlaw-8367	816	2	i.r.c	i.r.c	NOUN
taxlaw-8367	816	3	.	.	PUNCT
taxlaw-8367	817	1	§	§	PROPN
taxlaw-8367	817	2	704(d)(2	704(d)(2	PROPN
taxlaw-8367	817	3	)	)	PUNCT
taxlaw-8367	817	4	.	.	PUNCT
taxlaw-8367	818	1	150	150	NUM
taxlaw-8367	819	1	i	i	PROPN
taxlaw-8367	819	2	d.	d.	PROPN
taxlaw-8367	819	3	section	section	PROPN
taxlaw-8367	819	4	705(a	705(a	PROPN
taxlaw-8367	819	5	)	)	PUNCT
taxlaw-8367	819	6	provides	provide	VERB
taxlaw-8367	819	7	that	that	SCONJ
taxlaw-8367	819	8	distributions	distribution	NOUN
taxlaw-8367	819	9	reduce	reduce	VERB
taxlaw-8367	819	10	basis	basis	NOUN
taxlaw-8367	819	11	before	before	SCONJ
taxlaw-8367	819	12	deductions	deduction	NOUN
taxlaw-8367	819	13	do	do	VERB
taxlaw-8367	819	14	.	.	PUNCT
taxlaw-8367	820	1	151	151	NUM
taxlaw-8367	820	2	treas	trea	NOUN
taxlaw-8367	820	3	.	.	PUNCT
taxlaw-8367	821	1	reg	reg	PROPN
taxlaw-8367	821	2	.	.	PUNCT
taxlaw-8367	822	1	§	§	PROPN
taxlaw-8367	822	2	1.752–2(a	1.752–2(a	NUM
taxlaw-8367	822	3	)	)	PUNCT
taxlaw-8367	822	4	.	.	PUNCT
taxlaw-8367	823	1	152	152	NUM
taxlaw-8367	823	2	treas	trea	NOUN
taxlaw-8367	823	3	.	.	PUNCT
taxlaw-8367	824	1	reg	reg	PROPN
taxlaw-8367	824	2	.	.	PUNCT
taxlaw-8367	825	1	§	§	PROPN
taxlaw-8367	825	2	1.752–3(a)(3	1.752–3(a)(3	NUM
taxlaw-8367	825	3	)	)	PUNCT
taxlaw-8367	825	4	.	.	PUNCT
taxlaw-8367	826	1	special	special	ADJ
taxlaw-8367	826	2	rules	rule	NOUN
taxlaw-8367	826	3	apply	apply	VERB
taxlaw-8367	826	4	to	to	ADP
taxlaw-8367	826	5	“	"	PUNCT
taxlaw-8367	826	6	partnership	partnership	VERB
taxlaw-8367	826	7	minimum	minimum	ADJ
taxlaw-8367	826	8	gain	gain	NOUN
taxlaw-8367	826	9	”	"	PUNCT
taxlaw-8367	826	10	and	and	CCONJ
taxlaw-8367	826	11	gain	gain	VERB
taxlaw-8367	826	12	that	that	PRON
taxlaw-8367	826	13	would	would	AUX
taxlaw-8367	826	14	be	be	AUX
taxlaw-8367	826	15	allocable	allocable	ADJ
taxlaw-8367	826	16	under	under	ADP
taxlaw-8367	826	17	the	the	DET
taxlaw-8367	826	18	principles	principle	NOUN
taxlaw-8367	826	19	of	of	ADP
taxlaw-8367	826	20	section	section	NOUN
taxlaw-8367	826	21	704(c	704(c	PROPN
taxlaw-8367	826	22	)	)	PUNCT
taxlaw-8367	826	23	to	to	ADP
taxlaw-8367	826	24	a	a	DET
taxlaw-8367	826	25	partner	partner	NOUN
taxlaw-8367	826	26	that	that	PRON
taxlaw-8367	826	27	contributes	contribute	VERB
taxlaw-8367	826	28	property	property	NOUN
taxlaw-8367	826	29	subject	subject	NOUN
taxlaw-8367	826	30	to	to	ADP
taxlaw-8367	826	31	a	a	DET
taxlaw-8367	826	32	nonrecourse	nonrecourse	NOUN
taxlaw-8367	826	33	obligation	obligation	NOUN
taxlaw-8367	826	34	in	in	ADP
taxlaw-8367	826	35	excess	excess	NOUN
taxlaw-8367	826	36	of	of	ADP
taxlaw-8367	826	37	basis	basis	NOUN
taxlaw-8367	826	38	.	.	PUNCT
taxlaw-8367	827	1	treas	trea	NOUN
taxlaw-8367	827	2	.	.	PUNCT
taxlaw-8367	828	1	reg	reg	PROPN
taxlaw-8367	828	2	.	.	PUNCT
taxlaw-8367	829	1	§	§	PROPN
taxlaw-8367	829	2	§	§	PROPN
taxlaw-8367	829	3	1.752–3(a)(1	1.752–3(a)(1	NUM
taxlaw-8367	829	4	)	)	PUNCT
taxlaw-8367	829	5	,	,	PUNCT
taxlaw-8367	829	6	(	(	PUNCT
taxlaw-8367	829	7	2	2	NUM
taxlaw-8367	829	8	)	)	PUNCT
taxlaw-8367	829	9	.	.	PUNCT
taxlaw-8367	830	1	153	153	NUM
taxlaw-8367	830	2	treas	trea	NOUN
taxlaw-8367	830	3	.	.	PUNCT
taxlaw-8367	831	1	reg	reg	PROPN
taxlaw-8367	831	2	.	.	PUNCT
taxlaw-8367	832	1	§	§	PROPN
taxlaw-8367	832	2	1.752–3(a)(3	1.752–3(a)(3	NUM
taxlaw-8367	832	3	)	)	PUNCT
taxlaw-8367	832	4	.	.	PUNCT
taxlaw-8367	833	1	154	154	NUM
taxlaw-8367	833	2	treas	trea	NOUN
taxlaw-8367	833	3	.	.	PUNCT
taxlaw-8367	834	1	reg	reg	PROPN
taxlaw-8367	834	2	.	.	PUNCT
taxlaw-8367	835	1	§	§	PROPN
taxlaw-8367	835	2	1.752–1(a)(1	1.752–1(a)(1	NUM
taxlaw-8367	835	3	)	)	PUNCT
taxlaw-8367	835	4	.	.	PUNCT
taxlaw-8367	836	1	2021	2021	NUM
taxlaw-8367	836	2	]	]	PUNCT
taxlaw-8367	836	3	debt	debt	NOUN
taxlaw-8367	836	4	and	and	CCONJ
taxlaw-8367	836	5	taxes	taxis	NOUN
taxlaw-8367	836	6	119	119	NUM
taxlaw-8367	836	7	erl	erl	PROPN
taxlaw-8367	836	8	principle	principle	NOUN
taxlaw-8367	836	9	assigns	assign	NOUN
taxlaw-8367	836	10	basis	basis	NOUN
taxlaw-8367	836	11	credit	credit	NOUN
taxlaw-8367	836	12	for	for	ADP
taxlaw-8367	836	13	the	the	DET
taxlaw-8367	836	14	partnership	partnership	NOUN
taxlaw-8367	836	15	’s	’s	PART
taxlaw-8367	836	16	recourse	recourse	NOUN
taxlaw-8367	836	17	borrowing	borrowing	NOUN
taxlaw-8367	836	18	by	by	ADP
taxlaw-8367	836	19	determining	determine	VERB
taxlaw-8367	836	20	which	which	DET
taxlaw-8367	836	21	partner(s	partner(s	NOUN
taxlaw-8367	836	22	)	)	PUNCT
taxlaw-8367	836	23	would	would	AUX
taxlaw-8367	836	24	be	be	AUX
taxlaw-8367	836	25	personally	personally	ADV
taxlaw-8367	836	26	liable	liable	ADJ
taxlaw-8367	836	27	to	to	PART
taxlaw-8367	836	28	repay	repay	VERB
taxlaw-8367	836	29	the	the	DET
taxlaw-8367	836	30	loan	loan	NOUN
taxlaw-8367	836	31	if	if	SCONJ
taxlaw-8367	836	32	it	it	PRON
taxlaw-8367	836	33	immediately	immediately	ADV
taxlaw-8367	836	34	became	become	VERB
taxlaw-8367	836	35	due	due	ADJ
taxlaw-8367	836	36	in	in	ADP
taxlaw-8367	836	37	full	full	ADJ
taxlaw-8367	836	38	and	and	CCONJ
taxlaw-8367	836	39	essentially	essentially	ADV
taxlaw-8367	836	40	all	all	PRON
taxlaw-8367	836	41	of	of	ADP
taxlaw-8367	836	42	the	the	DET
taxlaw-8367	836	43	partnership	partnership	NOUN
taxlaw-8367	836	44	’s	’s	PART
taxlaw-8367	836	45	assets	asset	NOUN
taxlaw-8367	836	46	,	,	PUNCT
taxlaw-8367	836	47	including	include	VERB
taxlaw-8367	836	48	cash	cash	NOUN
taxlaw-8367	836	49	,	,	PUNCT
taxlaw-8367	836	50	simultaneously	simultaneously	ADV
taxlaw-8367	836	51	became	become	VERB
taxlaw-8367	836	52	worthless.155	worthless.155	NOUN
taxlaw-8367	836	53	(	(	PUNCT
taxlaw-8367	836	54	this	this	PRON
taxlaw-8367	836	55	is	be	AUX
taxlaw-8367	836	56	sometimes	sometimes	ADV
taxlaw-8367	836	57	referred	refer	VERB
taxlaw-8367	836	58	to	to	ADP
taxlaw-8367	836	59	as	as	ADP
taxlaw-8367	836	60	the	the	DET
taxlaw-8367	836	61	“	"	PUNCT
taxlaw-8367	836	62	catastrophe	catastrophe	NOUN
taxlaw-8367	836	63	theory	theory	NOUN
taxlaw-8367	836	64	.	.	PUNCT
taxlaw-8367	836	65	”	"	PUNCT
taxlaw-8367	836	66	)	)	PUNCT
taxlaw-8367	836	67	the	the	DET
taxlaw-8367	836	68	erl	erl	PROPN
taxlaw-8367	836	69	procedure	procedure	NOUN
taxlaw-8367	836	70	operationalizes	operationalize	VERB
taxlaw-8367	836	71	the	the	DET
taxlaw-8367	836	72	idea	idea	NOUN
taxlaw-8367	836	73	that	that	SCONJ
taxlaw-8367	836	74	the	the	DET
taxlaw-8367	836	75	main	main	ADJ
taxlaw-8367	836	76	liability	liability	NOUN
taxlaw-8367	836	77	that	that	PRON
taxlaw-8367	836	78	is	be	AUX
taxlaw-8367	836	79	incurred	incur	VERB
taxlaw-8367	836	80	in	in	ADP
taxlaw-8367	836	81	a	a	DET
taxlaw-8367	836	82	loan	loan	NOUN
taxlaw-8367	836	83	transaction	transaction	NOUN
taxlaw-8367	836	84	is	be	AUX
taxlaw-8367	836	85	the	the	DET
taxlaw-8367	836	86	obligation	obligation	NOUN
taxlaw-8367	836	87	to	to	PART
taxlaw-8367	836	88	repay	repay	VERB
taxlaw-8367	836	89	principal.156	principal.156	PROPN
taxlaw-8367	836	90	assume	assume	VERB
taxlaw-8367	836	91	that	that	SCONJ
taxlaw-8367	836	92	prs	prs	NOUN
taxlaw-8367	836	93	,	,	PUNCT
taxlaw-8367	836	94	a	a	DET
taxlaw-8367	836	95	general	general	ADJ
taxlaw-8367	836	96	partnership	partnership	NOUN
taxlaw-8367	836	97	,	,	PUNCT
taxlaw-8367	836	98	borrows	borrow	VERB
taxlaw-8367	836	99	$	$	SYM
taxlaw-8367	836	100	3,000	3,000	NUM
taxlaw-8367	836	101	from	from	ADP
taxlaw-8367	836	102	bank	bank	NOUN
taxlaw-8367	836	103	.	.	PUNCT
taxlaw-8367	837	1	prs	prs	PROPN
taxlaw-8367	837	2	has	have	VERB
taxlaw-8367	837	3	three	three	NUM
taxlaw-8367	837	4	partners	partner	NOUN
taxlaw-8367	837	5	,	,	PUNCT
taxlaw-8367	837	6	a	a	DET
taxlaw-8367	837	7	,	,	PUNCT
taxlaw-8367	837	8	b	b	NOUN
taxlaw-8367	837	9	,	,	PUNCT
taxlaw-8367	837	10	and	and	CCONJ
taxlaw-8367	837	11	c.	c.	PROPN
taxlaw-8367	837	12	pursuant	pursuant	ADJ
taxlaw-8367	837	13	to	to	ADP
taxlaw-8367	837	14	state	state	NOUN
taxlaw-8367	837	15	law	law	NOUN
taxlaw-8367	837	16	,	,	PUNCT
taxlaw-8367	837	17	the	the	DET
taxlaw-8367	837	18	partners	partner	NOUN
taxlaw-8367	837	19	are	be	AUX
taxlaw-8367	837	20	equally	equally	ADV
taxlaw-8367	837	21	liable	liable	ADJ
taxlaw-8367	837	22	for	for	ADP
taxlaw-8367	837	23	the	the	DET
taxlaw-8367	837	24	partnership	partnership	NOUN
taxlaw-8367	837	25	’s	’s	PART
taxlaw-8367	837	26	debts	debt	NOUN
taxlaw-8367	837	27	,	,	PUNCT
taxlaw-8367	837	28	but	but	CCONJ
taxlaw-8367	837	29	under	under	ADP
taxlaw-8367	837	30	prs	prs	NOUN
taxlaw-8367	837	31	’s	’s	PART
taxlaw-8367	837	32	operating	operating	NOUN
taxlaw-8367	837	33	agreement	agreement	NOUN
taxlaw-8367	837	34	,	,	PUNCT
taxlaw-8367	837	35	c	c	PROPN
taxlaw-8367	837	36	promises	promise	VERB
taxlaw-8367	837	37	to	to	PART
taxlaw-8367	837	38	reimburse	reimburse	VERB
taxlaw-8367	837	39	a	a	PRON
taxlaw-8367	837	40	and	and	CCONJ
taxlaw-8367	837	41	b	b	NOUN
taxlaw-8367	837	42	for	for	ADP
taxlaw-8367	837	43	two	two	NUM
taxlaw-8367	837	44	-	-	PUNCT
taxlaw-8367	837	45	thirds	third	NOUN
taxlaw-8367	837	46	of	of	ADP
taxlaw-8367	837	47	what	what	PRON
taxlaw-8367	837	48	they	they	PRON
taxlaw-8367	837	49	might	might	AUX
taxlaw-8367	837	50	be	be	AUX
taxlaw-8367	837	51	called	call	VERB
taxlaw-8367	837	52	upon	upon	SCONJ
taxlaw-8367	837	53	to	to	PART
taxlaw-8367	837	54	pay	pay	VERB
taxlaw-8367	837	55	under	under	ADP
taxlaw-8367	837	56	state	state	NOUN
taxlaw-8367	837	57	law	law	NOUN
taxlaw-8367	837	58	to	to	PART
taxlaw-8367	837	59	satisfy	satisfy	VERB
taxlaw-8367	837	60	the	the	DET
taxlaw-8367	837	61	loan	loan	NOUN
taxlaw-8367	837	62	.	.	PUNCT
taxlaw-8367	838	1	under	under	ADP
taxlaw-8367	838	2	the	the	DET
taxlaw-8367	838	3	erl	erl	NOUN
taxlaw-8367	838	4	regulations	regulation	NOUN
taxlaw-8367	838	5	,	,	PUNCT
taxlaw-8367	838	6	basis	basis	NOUN
taxlaw-8367	838	7	in	in	ADP
taxlaw-8367	838	8	the	the	DET
taxlaw-8367	838	9	loan	loan	NOUN
taxlaw-8367	838	10	proceeds	proceed	NOUN
taxlaw-8367	838	11	would	would	AUX
taxlaw-8367	838	12	be	be	AUX
taxlaw-8367	838	13	allocated	allocate	VERB
taxlaw-8367	838	14	$	$	SYM
taxlaw-8367	838	15	333	333	NUM
taxlaw-8367	838	16	to	to	ADP
taxlaw-8367	838	17	each	each	PRON
taxlaw-8367	838	18	of	of	ADP
taxlaw-8367	838	19	a	a	PRON
taxlaw-8367	838	20	and	and	CCONJ
taxlaw-8367	838	21	b	b	NOUN
taxlaw-8367	838	22	and	and	CCONJ
taxlaw-8367	838	23	$	$	SYM
taxlaw-8367	838	24	2,333	2,333	NUM
taxlaw-8367	838	25	to	to	ADP
taxlaw-8367	838	26	c	c	PROPN
taxlaw-8367	838	27	as	as	ADV
taxlaw-8367	838	28	long	long	ADV
taxlaw-8367	838	29	as	as	SCONJ
taxlaw-8367	838	30	the	the	DET
taxlaw-8367	838	31	allocation	allocation	NOUN
taxlaw-8367	838	32	was	be	AUX
taxlaw-8367	838	33	not	not	PART
taxlaw-8367	838	34	made	make	VERB
taxlaw-8367	838	35	for	for	ADP
taxlaw-8367	838	36	an	an	DET
taxlaw-8367	838	37	illicit	illicit	ADJ
taxlaw-8367	838	38	tax	tax	NOUN
taxlaw-8367	838	39	avoidance	avoidance	NOUN
taxlaw-8367	838	40	purpose.157	purpose.157	NOUN
taxlaw-8367	838	41	apart	apart	ADV
taxlaw-8367	838	42	from	from	ADP
taxlaw-8367	838	43	any	any	DET
taxlaw-8367	838	44	such	such	ADJ
taxlaw-8367	838	45	purpose	purpose	NOUN
taxlaw-8367	838	46	,	,	PUNCT
taxlaw-8367	838	47	the	the	DET
taxlaw-8367	838	48	allocation	allocation	NOUN
taxlaw-8367	838	49	takes	take	VERB
taxlaw-8367	838	50	no	no	DET
taxlaw-8367	838	51	cognizance	cognizance	NOUN
taxlaw-8367	838	52	of	of	ADP
taxlaw-8367	838	53	who	who	PRON
taxlaw-8367	838	54	bears	bear	VERB
taxlaw-8367	838	55	the	the	DET
taxlaw-8367	838	56	real	real	ADJ
taxlaw-8367	838	57	economic	economic	ADJ
taxlaw-8367	838	58	cost	cost	NOUN
taxlaw-8367	838	59	of	of	ADP
taxlaw-8367	838	60	the	the	DET
taxlaw-8367	838	61	loan	loan	NOUN
taxlaw-8367	838	62	.	.	PUNCT
taxlaw-8367	839	1	imagine	imagine	VERB
taxlaw-8367	839	2	,	,	PUNCT
taxlaw-8367	839	3	for	for	ADP
taxlaw-8367	839	4	example	example	NOUN
taxlaw-8367	839	5	,	,	PUNCT
taxlaw-8367	839	6	that	that	SCONJ
taxlaw-8367	839	7	c	c	PROPN
taxlaw-8367	839	8	contributes	contribute	VERB
taxlaw-8367	839	9	capital	capital	NOUN
taxlaw-8367	839	10	to	to	ADP
taxlaw-8367	839	11	the	the	DET
taxlaw-8367	839	12	partnership	partnership	NOUN
taxlaw-8367	839	13	and	and	CCONJ
taxlaw-8367	839	14	a	a	PRON
taxlaw-8367	839	15	and	and	CCONJ
taxlaw-8367	839	16	b	b	NOUN
taxlaw-8367	839	17	contribute	contribute	VERB
taxlaw-8367	839	18	their	their	PRON
taxlaw-8367	839	19	services	service	NOUN
taxlaw-8367	839	20	,	,	PUNCT
taxlaw-8367	839	21	with	with	ADP
taxlaw-8367	839	22	the	the	DET
taxlaw-8367	839	23	parties	party	NOUN
taxlaw-8367	839	24	’	'	PUNCT
taxlaw-8367	839	25	dividing	divide	VERB
taxlaw-8367	839	26	their	their	PRON
taxlaw-8367	839	27	interests	interest	NOUN
taxlaw-8367	839	28	in	in	ADP
taxlaw-8367	839	29	profits	profit	NOUN
taxlaw-8367	839	30	and	and	CCONJ
taxlaw-8367	839	31	losses	loss	NOUN
taxlaw-8367	839	32	40	40	NUM
taxlaw-8367	839	33	percent	percent	NOUN
taxlaw-8367	839	34	to	to	ADP
taxlaw-8367	839	35	each	each	PRON
taxlaw-8367	839	36	of	of	ADP
taxlaw-8367	839	37	a	a	PRON
taxlaw-8367	839	38	and	and	CCONJ
taxlaw-8367	839	39	b	b	NOUN
taxlaw-8367	839	40	and	and	CCONJ
taxlaw-8367	839	41	20	20	NUM
taxlaw-8367	839	42	percent	percent	NOUN
taxlaw-8367	839	43	to	to	ADP
taxlaw-8367	839	44	c.	c.	NOUN
taxlaw-8367	839	45	beyond	beyond	ADP
taxlaw-8367	839	46	that	that	DET
taxlaw-8367	839	47	division	division	NOUN
taxlaw-8367	839	48	of	of	ADP
taxlaw-8367	839	49	income	income	NOUN
taxlaw-8367	839	50	and	and	CCONJ
taxlaw-8367	839	51	loss	loss	NOUN
taxlaw-8367	839	52	,	,	PUNCT
taxlaw-8367	839	53	assume	assume	VERB
taxlaw-8367	839	54	that	that	SCONJ
taxlaw-8367	839	55	prs	prs	NOUN
taxlaw-8367	839	56	makes	make	VERB
taxlaw-8367	839	57	no	no	DET
taxlaw-8367	839	58	special	special	ADJ
taxlaw-8367	839	59	allocations	allocation	NOUN
taxlaw-8367	839	60	of	of	ADP
taxlaw-8367	839	61	its	its	PRON
taxlaw-8367	839	62	items	item	NOUN
taxlaw-8367	839	63	of	of	ADP
taxlaw-8367	839	64	igld.158	igld.158	NOUN
taxlaw-8367	839	65	under	under	ADP
taxlaw-8367	839	66	the	the	DET
taxlaw-8367	839	67	erl	erl	NOUN
taxlaw-8367	839	68	analysis	analysis	NOUN
taxlaw-8367	839	69	,	,	PUNCT
taxlaw-8367	839	70	the	the	DET
taxlaw-8367	839	71	20	20	NUM
taxlaw-8367	839	72	percent	percent	NOUN
taxlaw-8367	839	73	partner	partner	NOUN
taxlaw-8367	839	74	receives	receive	VERB
taxlaw-8367	839	75	more	more	ADJ
taxlaw-8367	839	76	than	than	ADP
taxlaw-8367	839	77	three	three	NUM
taxlaw-8367	839	78	-	-	PUNCT
taxlaw-8367	839	79	quarters	quarter	NOUN
taxlaw-8367	839	80	of	of	ADP
taxlaw-8367	839	81	the	the	DET
taxlaw-8367	839	82	basis	basis	NOUN
taxlaw-8367	839	83	credit	credit	NOUN
taxlaw-8367	839	84	in	in	ADP
taxlaw-8367	839	85	the	the	DET
taxlaw-8367	839	86	loan	loan	NOUN
taxlaw-8367	839	87	,	,	PUNCT
taxlaw-8367	839	88	even	even	ADV
taxlaw-8367	839	89	though	though	SCONJ
taxlaw-8367	839	90	she	she	PRON
taxlaw-8367	839	91	economically	economically	ADV
taxlaw-8367	839	92	bears	bear	VERB
taxlaw-8367	839	93	just	just	ADV
taxlaw-8367	839	94	20	20	NUM
taxlaw-8367	839	95	percent	percent	NOUN
taxlaw-8367	839	96	of	of	ADP
taxlaw-8367	839	97	its	its	PRON
taxlaw-8367	839	98	cost	cost	NOUN
taxlaw-8367	839	99	assuming	assume	VERB
taxlaw-8367	839	100	it	it	PRON
taxlaw-8367	839	101	is	be	AUX
taxlaw-8367	839	102	paid	pay	VERB
taxlaw-8367	839	103	according	accord	VERB
taxlaw-8367	839	104	to	to	ADP
taxlaw-8367	839	105	its	its	PRON
taxlaw-8367	839	106	terms	term	NOUN
taxlaw-8367	839	107	(	(	PUNCT
taxlaw-8367	839	108	as	as	SCONJ
taxlaw-8367	839	109	will	will	AUX
taxlaw-8367	839	110	ordinarily	ordinarily	ADV
taxlaw-8367	839	111	be	be	AUX
taxlaw-8367	839	112	the	the	DET
taxlaw-8367	839	113	case	case	NOUN
taxlaw-8367	839	114	under	under	ADP
taxlaw-8367	839	115	a	a	DET
taxlaw-8367	839	116	genuine	genuine	ADJ
taxlaw-8367	839	117	loan	loan	NOUN
taxlaw-8367	839	118	)	)	PUNCT
taxlaw-8367	839	119	.	.	PUNCT
taxlaw-8367	840	1	two	two	NUM
taxlaw-8367	840	2	features	feature	NOUN
taxlaw-8367	840	3	of	of	ADP
taxlaw-8367	840	4	the	the	DET
taxlaw-8367	840	5	erl	erl	PROPN
taxlaw-8367	840	6	regulations	regulation	NOUN
taxlaw-8367	840	7	tacitly	tacitly	ADV
taxlaw-8367	840	8	acknowledge	acknowledge	VERB
taxlaw-8367	840	9	the	the	DET
taxlaw-8367	840	10	unreality	unreality	NOUN
taxlaw-8367	840	11	of	of	ADP
taxlaw-8367	840	12	the	the	DET
taxlaw-8367	840	13	erl	erl	PROPN
taxlaw-8367	840	14	test	test	NOUN
taxlaw-8367	840	15	.	.	PUNCT
taxlaw-8367	841	1	first	first	ADV
taxlaw-8367	841	2	,	,	PUNCT
taxlaw-8367	841	3	the	the	DET
taxlaw-8367	841	4	regulations	regulation	NOUN
taxlaw-8367	841	5	assume	assume	VERB
taxlaw-8367	841	6	that	that	SCONJ
taxlaw-8367	841	7	as	as	ADV
taxlaw-8367	841	8	long	long	ADV
taxlaw-8367	841	9	as	as	SCONJ
taxlaw-8367	841	10	there	there	PRON
taxlaw-8367	841	11	is	be	VERB
taxlaw-8367	841	12	no	no	DET
taxlaw-8367	841	13	illicit	illicit	ADJ
taxlaw-8367	841	14	tax	tax	NOUN
taxlaw-8367	841	15	avoidance	avoidance	NOUN
taxlaw-8367	841	16	to	to	ADP
taxlaw-8367	841	17	the	the	DET
taxlaw-8367	841	18	allocation	allocation	NOUN
taxlaw-8367	841	19	of	of	ADP
taxlaw-8367	841	20	liability	liability	NOUN
taxlaw-8367	841	21	in	in	ADP
taxlaw-8367	841	22	the	the	DET
taxlaw-8367	841	23	catastrophe	catastrophe	NOUN
taxlaw-8367	841	24	scenario	scenario	NOUN
taxlaw-8367	841	25	,	,	PUNCT
taxlaw-8367	841	26	all	all	DET
taxlaw-8367	841	27	partners	partner	NOUN
taxlaw-8367	841	28	are	be	AUX
taxlaw-8367	841	29	assumed	assume	VERB
taxlaw-8367	841	30	able	able	ADJ
taxlaw-8367	841	31	to	to	PART
taxlaw-8367	841	32	satisfy	satisfy	VERB
taxlaw-8367	841	33	the	the	DET
taxlaw-8367	841	34	liabilities	liability	NOUN
taxlaw-8367	841	35	to	to	PART
taxlaw-8367	841	36	which	which	PRON
taxlaw-8367	841	37	they	they	PRON
taxlaw-8367	841	38	would	would	AUX
taxlaw-8367	841	39	be	be	AUX
taxlaw-8367	841	40	subject	subject	ADJ
taxlaw-8367	841	41	if	if	SCONJ
taxlaw-8367	841	42	the	the	DET
taxlaw-8367	841	43	catastrophe	catastrophe	NOUN
taxlaw-8367	841	44	actually	actually	ADV
taxlaw-8367	841	45	happened	happen	VERB
taxlaw-8367	841	46	,	,	PUNCT
taxlaw-8367	841	47	regardless	regardless	ADV
taxlaw-8367	841	48	of	of	ADP
taxlaw-8367	841	49	whether	whether	SCONJ
taxlaw-8367	841	50	it	it	PRON
taxlaw-8367	841	51	would	would	AUX
taxlaw-8367	841	52	be	be	AUX
taxlaw-8367	841	53	realistic	realistic	ADJ
taxlaw-8367	841	54	to	to	PART
taxlaw-8367	841	55	assume	assume	VERB
taxlaw-8367	841	56	so	so	ADV
taxlaw-8367	841	57	in	in	ADP
taxlaw-8367	841	58	light	light	NOUN
taxlaw-8367	841	59	of	of	ADP
taxlaw-8367	841	60	their	their	PRON
taxlaw-8367	841	61	actual	actual	ADJ
taxlaw-8367	841	62	financial	financial	ADJ
taxlaw-8367	841	63	positions.159	positions.159	PROPN
taxlaw-8367	841	64	this	this	DET
taxlaw-8367	841	65	rule	rule	NOUN
taxlaw-8367	841	66	makes	make	VERB
taxlaw-8367	841	67	perfect	perfect	ADJ
taxlaw-8367	841	68	sense	sense	NOUN
taxlaw-8367	841	69	given	give	VERB
taxlaw-8367	841	70	that	that	SCONJ
taxlaw-8367	841	71	no	no	DET
taxlaw-8367	841	72	one	one	NOUN
taxlaw-8367	841	73	typically	typically	ADV
taxlaw-8367	841	74	expects	expect	VERB
taxlaw-8367	841	75	the	the	DET
taxlaw-8367	841	76	burden	burden	NOUN
taxlaw-8367	841	77	of	of	ADP
taxlaw-8367	841	78	the	the	DET
taxlaw-8367	841	79	loan	loan	NOUN
taxlaw-8367	841	80	to	to	PART
taxlaw-8367	841	81	be	be	AUX
taxlaw-8367	841	82	shared	share	VERB
taxlaw-8367	841	83	in	in	ADP
taxlaw-8367	841	84	this	this	DET
taxlaw-8367	841	85	way	way	NOUN
taxlaw-8367	841	86	(	(	PUNCT
taxlaw-8367	841	87	that	that	PRON
taxlaw-8367	841	88	is	is	ADV
taxlaw-8367	841	89	,	,	PUNCT
taxlaw-8367	841	90	no	no	DET
taxlaw-8367	841	91	one	one	NOUN
taxlaw-8367	841	92	expects	expect	VERB
taxlaw-8367	841	93	the	the	DET
taxlaw-8367	841	94	catastrophe	catastrophe	NOUN
taxlaw-8367	841	95	that	that	PRON
taxlaw-8367	841	96	the	the	DET
taxlaw-8367	841	97	regulations	regulation	NOUN
taxlaw-8367	841	98	posit	posit	VERB
taxlaw-8367	841	99	is	be	AUX
taxlaw-8367	841	100	likely	likely	ADJ
taxlaw-8367	841	101	to	to	PART
taxlaw-8367	841	102	happen	happen	VERB
taxlaw-8367	841	103	)	)	PUNCT
taxlaw-8367	841	104	,	,	PUNCT
taxlaw-8367	841	105	but	but	CCONJ
taxlaw-8367	841	106	that	that	DET
taxlaw-8367	841	107	expectation	expectation	NOUN
taxlaw-8367	841	108	in	in	ADP
taxlaw-8367	841	109	turn	turn	NOUN
taxlaw-8367	841	110	simply	simply	ADV
taxlaw-8367	841	111	highlights	highlight	NOUN
taxlaw-8367	841	112	that	that	SCONJ
taxlaw-8367	841	113	erl	erl	PROPN
taxlaw-8367	841	114	is	be	AUX
taxlaw-8367	841	115	unmoored	unmoored	ADJ
taxlaw-8367	841	116	to	to	ADP
taxlaw-8367	841	117	economic	economic	ADJ
taxlaw-8367	841	118	reality	reality	NOUN
taxlaw-8367	841	119	.	.	PUNCT
taxlaw-8367	842	1	in	in	ADP
taxlaw-8367	842	2	effect	effect	NOUN
taxlaw-8367	842	3	,	,	PUNCT
taxlaw-8367	842	4	the	the	DET
taxlaw-8367	842	5	rule	rule	NOUN
taxlaw-8367	842	6	says	say	VERB
taxlaw-8367	842	7	that	that	SCONJ
taxlaw-8367	842	8	even	even	ADV
taxlaw-8367	842	9	though	though	SCONJ
taxlaw-8367	842	10	commercially	commercially	ADV
taxlaw-8367	842	11	reasonable	reasonable	ADJ
taxlaw-8367	842	12	parties	party	NOUN
taxlaw-8367	842	13	would	would	AUX
taxlaw-8367	842	14	not	not	PART
taxlaw-8367	842	15	expect	expect	VERB
taxlaw-8367	842	16	the	the	DET
taxlaw-8367	842	17	obligation	obligation	NOUN
taxlaw-8367	842	18	to	to	PART
taxlaw-8367	842	19	be	be	AUX
taxlaw-8367	842	20	satisfied	satisfied	ADJ
taxlaw-8367	842	21	in	in	ADP
taxlaw-8367	842	22	the	the	DET
taxlaw-8367	842	23	manner	manner	NOUN
taxlaw-8367	842	24	prescribed	prescribe	VERB
taxlaw-8367	842	25	by	by	ADP
taxlaw-8367	842	26	the	the	DET
taxlaw-8367	842	27	erl	erl	PROPN
taxlaw-8367	842	28	analysis	analysis	NOUN
taxlaw-8367	842	29	,	,	PUNCT
taxlaw-8367	842	30	they	they	PRON
taxlaw-8367	842	31	are	be	AUX
taxlaw-8367	842	32	to	to	PART
taxlaw-8367	842	33	assume	assume	VERB
taxlaw-8367	842	34	counterfactually	counterfactually	NOUN
taxlaw-8367	842	35	that	that	SCONJ
taxlaw-8367	842	36	it	it	PRON
taxlaw-8367	842	37	would	would	AUX
taxlaw-8367	842	38	be	be	AUX
taxlaw-8367	842	39	for	for	ADP
taxlaw-8367	842	40	the	the	DET
taxlaw-8367	842	41	purpose	purpose	NOUN
taxlaw-8367	842	42	of	of	ADP
taxlaw-8367	842	43	assigning	assign	VERB
taxlaw-8367	842	44	basis	basis	NOUN
taxlaw-8367	842	45	credit	credit	NOUN
taxlaw-8367	842	46	.	.	PUNCT
taxlaw-8367	843	1	155	155	NUM
taxlaw-8367	843	2	treas	trea	NOUN
taxlaw-8367	843	3	.	.	PUNCT
taxlaw-8367	844	1	reg	reg	PROPN
taxlaw-8367	844	2	.	.	PUNCT
taxlaw-8367	845	1	§	§	PROPN
taxlaw-8367	845	2	1.752–2(b	1.752–2(b	NUM
taxlaw-8367	845	3	)	)	PUNCT
taxlaw-8367	845	4	.	.	PUNCT
taxlaw-8367	846	1	an	an	DET
taxlaw-8367	846	2	exception	exception	NOUN
taxlaw-8367	846	3	applies	apply	VERB
taxlaw-8367	846	4	to	to	ADP
taxlaw-8367	846	5	existing	exist	VERB
taxlaw-8367	846	6	nonrecourse	nonrecourse	NOUN
taxlaw-8367	846	7	debt	debt	NOUN
taxlaw-8367	846	8	of	of	ADP
taxlaw-8367	846	9	the	the	DET
taxlaw-8367	846	10	partnership	partnership	NOUN
taxlaw-8367	846	11	,	,	PUNCT
taxlaw-8367	846	12	which	which	PRON
taxlaw-8367	846	13	is	be	AUX
taxlaw-8367	846	14	treated	treat	VERB
taxlaw-8367	846	15	as	as	ADP
taxlaw-8367	846	16	satisfied	satisfied	ADJ
taxlaw-8367	846	17	at	at	ADP
taxlaw-8367	846	18	face	face	NOUN
taxlaw-8367	846	19	amount	amount	NOUN
taxlaw-8367	846	20	.	.	PUNCT
taxlaw-8367	847	1	treas	treas	PROPN
taxlaw-8367	847	2	.	.	PUNCT
taxlaw-8367	848	1	reg	reg	PROPN
taxlaw-8367	848	2	.	.	PUNCT
taxlaw-8367	849	1	§	§	PROPN
taxlaw-8367	849	2	§	§	PROPN
taxlaw-8367	849	3	1.752–2(b)(1)(ii	1.752–2(b)(1)(ii	PROPN
taxlaw-8367	849	4	)	)	PUNCT
taxlaw-8367	849	5	,	,	PUNCT
taxlaw-8367	849	6	–	–	PUNCT
taxlaw-8367	849	7	2(b)(2)(i	2(b)(2)(i	NUM
taxlaw-8367	849	8	)	)	PUNCT
taxlaw-8367	849	9	.	.	PUNCT
taxlaw-8367	850	1	156	156	NUM
taxlaw-8367	850	2	see	see	VERB
taxlaw-8367	850	3	,	,	PUNCT
taxlaw-8367	850	4	e.g.	e.g.	ADV
taxlaw-8367	850	5	,	,	PUNCT
taxlaw-8367	850	6	william	william	PROPN
taxlaw-8367	850	7	s.	s.	PROPN
taxlaw-8367	850	8	mckee	mckee	PROPN
taxlaw-8367	850	9	,	,	PUNCT
taxlaw-8367	850	10	william	william	PROPN
taxlaw-8367	850	11	f.	f.	PROPN
taxlaw-8367	850	12	nelson	nelson	PROPN
taxlaw-8367	850	13	&	&	CCONJ
taxlaw-8367	850	14	robert	robert	PROPN
taxlaw-8367	850	15	l.	l.	PROPN
taxlaw-8367	850	16	whitmire	whitmire	PROPN
taxlaw-8367	850	17	,	,	PUNCT
taxlaw-8367	850	18	federal	federal	ADJ
taxlaw-8367	850	19	taxation	taxation	NOUN
taxlaw-8367	850	20	of	of	ADP
taxlaw-8367	850	21	partnerships	partnership	NOUN
taxlaw-8367	850	22	and	and	CCONJ
taxlaw-8367	850	23	partners	partner	NOUN
taxlaw-8367	850	24	¶	¶	PROPN
taxlaw-8367	850	25	8.02[2	8.02[2	NUM
taxlaw-8367	850	26	]	]	X
taxlaw-8367	850	27	(	(	PUNCT
taxlaw-8367	850	28	2021	2021	NUM
taxlaw-8367	850	29	)	)	PUNCT
taxlaw-8367	850	30	(	(	PUNCT
taxlaw-8367	850	31	“	"	PUNCT
taxlaw-8367	850	32	the	the	DET
taxlaw-8367	850	33	only	only	ADJ
taxlaw-8367	850	34	time	time	NOUN
taxlaw-8367	850	35	a	a	DET
taxlaw-8367	850	36	partner	partner	NOUN
taxlaw-8367	850	37	will	will	AUX
taxlaw-8367	850	38	be	be	AUX
taxlaw-8367	850	39	called	call	VERB
taxlaw-8367	850	40	upon	upon	SCONJ
taxlaw-8367	850	41	to	to	PART
taxlaw-8367	850	42	come	come	VERB
taxlaw-8367	850	43	out	out	ADP
taxlaw-8367	850	44	of	of	ADP
taxlaw-8367	850	45	pocket	pocket	NOUN
taxlaw-8367	850	46	with	with	ADP
taxlaw-8367	850	47	respect	respect	NOUN
taxlaw-8367	850	48	to	to	ADP
taxlaw-8367	850	49	a	a	DET
taxlaw-8367	850	50	partnership	partnership	NOUN
taxlaw-8367	850	51	liability	liability	NOUN
taxlaw-8367	850	52	is	be	AUX
taxlaw-8367	850	53	when	when	SCONJ
taxlaw-8367	850	54	the	the	DET
taxlaw-8367	850	55	partnership	partnership	NOUN
taxlaw-8367	850	56	is	be	AUX
taxlaw-8367	850	57	unable	unable	ADJ
taxlaw-8367	850	58	to	to	PART
taxlaw-8367	850	59	pay	pay	VERB
taxlaw-8367	850	60	all	all	PRON
taxlaw-8367	850	61	or	or	CCONJ
taxlaw-8367	850	62	a	a	DET
taxlaw-8367	850	63	portion	portion	NOUN
taxlaw-8367	850	64	of	of	ADP
taxlaw-8367	850	65	that	that	DET
taxlaw-8367	850	66	liability	liability	NOUN
taxlaw-8367	850	67	.	.	PUNCT
taxlaw-8367	851	1	thus	thus	ADV
taxlaw-8367	851	2	,	,	PUNCT
taxlaw-8367	851	3	any	any	DET
taxlaw-8367	851	4	examination	examination	NOUN
taxlaw-8367	851	5	of	of	ADP
taxlaw-8367	851	6	the	the	DET
taxlaw-8367	851	7	partners	partner	NOUN
taxlaw-8367	851	8	’	'	PUNCT
taxlaw-8367	851	9	obligations	obligation	NOUN
taxlaw-8367	851	10	at	at	ADP
taxlaw-8367	851	11	a	a	DET
taxlaw-8367	851	12	time	time	NOUN
taxlaw-8367	851	13	when	when	SCONJ
taxlaw-8367	851	14	the	the	DET
taxlaw-8367	851	15	partnership	partnership	NOUN
taxlaw-8367	851	16	's	's	PART
taxlaw-8367	851	17	assets	asset	NOUN
taxlaw-8367	851	18	have	have	VERB
taxlaw-8367	851	19	value	value	NOUN
taxlaw-8367	851	20	would	would	AUX
taxlaw-8367	851	21	necessarily	necessarily	ADV
taxlaw-8367	851	22	produce	produce	VERB
taxlaw-8367	851	23	an	an	DET
taxlaw-8367	851	24	artificial	artificial	ADJ
taxlaw-8367	851	25	and	and	CCONJ
taxlaw-8367	851	26	potentially	potentially	ADV
taxlaw-8367	851	27	skewed	skewed	ADJ
taxlaw-8367	851	28	analysis	analysis	NOUN
taxlaw-8367	851	29	as	as	ADP
taxlaw-8367	851	30	to	to	ADP
taxlaw-8367	851	31	how	how	SCONJ
taxlaw-8367	851	32	the	the	DET
taxlaw-8367	851	33	partners	partner	NOUN
taxlaw-8367	851	34	bear	bear	VERB
taxlaw-8367	851	35	the	the	DET
taxlaw-8367	851	36	economic	economic	ADJ
taxlaw-8367	851	37	risk	risk	NOUN
taxlaw-8367	851	38	of	of	ADP
taxlaw-8367	851	39	loss	loss	NOUN
taxlaw-8367	851	40	.	.	PUNCT
taxlaw-8367	852	1	by	by	ADP
taxlaw-8367	852	2	crediting	credit	VERB
taxlaw-8367	852	3	partners	partner	NOUN
taxlaw-8367	852	4	with	with	ADP
taxlaw-8367	852	5	outside	outside	ADJ
taxlaw-8367	852	6	basis	basis	NOUN
taxlaw-8367	852	7	attributable	attributable	ADJ
taxlaw-8367	852	8	to	to	ADP
taxlaw-8367	852	9	a	a	DET
taxlaw-8367	852	10	liability	liability	NOUN
taxlaw-8367	852	11	to	to	ADP
taxlaw-8367	852	12	the	the	DET
taxlaw-8367	852	13	extent	extent	NOUN
taxlaw-8367	852	14	the	the	DET
taxlaw-8367	852	15	partners	partner	NOUN
taxlaw-8367	852	16	would	would	AUX
taxlaw-8367	852	17	be	be	AUX
taxlaw-8367	852	18	obligated	obligate	VERB
taxlaw-8367	852	19	to	to	PART
taxlaw-8367	852	20	make	make	VERB
taxlaw-8367	852	21	payments	payment	NOUN
taxlaw-8367	852	22	in	in	ADP
taxlaw-8367	852	23	the	the	DET
taxlaw-8367	852	24	event	event	NOUN
taxlaw-8367	852	25	of	of	ADP
taxlaw-8367	852	26	a	a	DET
taxlaw-8367	852	27	total	total	ADJ
taxlaw-8367	852	28	loss	loss	NOUN
taxlaw-8367	852	29	of	of	ADP
taxlaw-8367	852	30	value	value	NOUN
taxlaw-8367	852	31	in	in	ADP
taxlaw-8367	852	32	the	the	DET
taxlaw-8367	852	33	partnership	partnership	NOUN
taxlaw-8367	852	34	's	's	PART
taxlaw-8367	852	35	assets	asset	NOUN
taxlaw-8367	852	36	,	,	PUNCT
taxlaw-8367	852	37	the	the	DET
taxlaw-8367	852	38	§	§	PROPN
taxlaw-8367	852	39	752	752	NUM
taxlaw-8367	852	40	regulations	regulation	NOUN
taxlaw-8367	852	41	duplicate	duplicate	VERB
taxlaw-8367	852	42	the	the	DET
taxlaw-8367	852	43	consequences	consequence	NOUN
taxlaw-8367	852	44	of	of	ADP
taxlaw-8367	852	45	the	the	DET
taxlaw-8367	852	46	worst	bad	ADJ
taxlaw-8367	852	47	-	-	PUNCT
taxlaw-8367	852	48	case	case	NOUN
taxlaw-8367	852	49	hypothetical	hypothetical	ADJ
taxlaw-8367	852	50	situation	situation	NOUN
taxlaw-8367	852	51	.	.	PUNCT
taxlaw-8367	852	52	”	"	PUNCT
taxlaw-8367	852	53	)	)	PUNCT
taxlaw-8367	852	54	.	.	PUNCT
taxlaw-8367	853	1	157	157	NUM
taxlaw-8367	853	2	treas	trea	NOUN
taxlaw-8367	853	3	.	.	PUNCT
taxlaw-8367	854	1	reg	reg	PROPN
taxlaw-8367	854	2	.	.	PUNCT
taxlaw-8367	855	1	§	§	PROPN
taxlaw-8367	855	2	1.752–2(b)(6	1.752–2(b)(6	NUM
taxlaw-8367	855	3	)	)	PUNCT
taxlaw-8367	855	4	.	.	PUNCT
taxlaw-8367	856	1	that	that	PRON
taxlaw-8367	856	2	is	be	AUX
taxlaw-8367	856	3	,	,	PUNCT
taxlaw-8367	856	4	under	under	ADP
taxlaw-8367	856	5	the	the	DET
taxlaw-8367	856	6	erl	erl	NOUN
taxlaw-8367	856	7	procedure	procedure	NOUN
taxlaw-8367	856	8	,	,	PUNCT
taxlaw-8367	856	9	each	each	DET
taxlaw-8367	856	10	partner	partner	NOUN
taxlaw-8367	856	11	pays	pay	VERB
taxlaw-8367	856	12	$	$	SYM
taxlaw-8367	856	13	1,000	1,000	NUM
taxlaw-8367	856	14	,	,	PUNCT
taxlaw-8367	856	15	but	but	CCONJ
taxlaw-8367	856	16	c	c	NOUN
taxlaw-8367	856	17	then	then	ADV
taxlaw-8367	856	18	reimburses	reimburse	VERB
taxlaw-8367	856	19	a	a	PRON
taxlaw-8367	856	20	and	and	CCONJ
taxlaw-8367	856	21	b	b	NOUN
taxlaw-8367	856	22	$	$	SYM
taxlaw-8367	856	23	667	667	NUM
taxlaw-8367	856	24	each	each	PRON
taxlaw-8367	856	25	.	.	PUNCT
taxlaw-8367	857	1	158	158	NUM
taxlaw-8367	857	2	treas	trea	NOUN
taxlaw-8367	857	3	.	.	PUNCT
taxlaw-8367	858	1	reg	reg	PROPN
taxlaw-8367	858	2	.	.	PUNCT
taxlaw-8367	859	1	§	§	PROPN
taxlaw-8367	859	2	1.704–1(b)(2	1.704–1(b)(2	NUM
taxlaw-8367	859	3	)	)	PUNCT
taxlaw-8367	859	4	.	.	PUNCT
taxlaw-8367	860	1	assume	assume	VERB
taxlaw-8367	860	2	further	far	ADV
taxlaw-8367	860	3	that	that	SCONJ
taxlaw-8367	860	4	the	the	DET
taxlaw-8367	860	5	allocation	allocation	NOUN
taxlaw-8367	860	6	qualifies	qualify	VERB
taxlaw-8367	860	7	as	as	ADP
taxlaw-8367	860	8	having	have	VERB
taxlaw-8367	860	9	“	"	PUNCT
taxlaw-8367	860	10	substantial	substantial	ADJ
taxlaw-8367	860	11	economic	economic	ADJ
taxlaw-8367	860	12	effect	effect	NOUN
taxlaw-8367	860	13	”	"	PUNCT
taxlaw-8367	860	14	under	under	ADP
taxlaw-8367	860	15	the	the	DET
taxlaw-8367	860	16	applicable	applicable	ADJ
taxlaw-8367	860	17	regulations	regulation	NOUN
taxlaw-8367	860	18	so	so	SCONJ
taxlaw-8367	860	19	that	that	SCONJ
taxlaw-8367	860	20	it	it	PRON
taxlaw-8367	860	21	is	be	AUX
taxlaw-8367	860	22	respected	respect	VERB
taxlaw-8367	860	23	for	for	ADP
taxlaw-8367	860	24	tax	tax	NOUN
taxlaw-8367	860	25	purposes	purpose	NOUN
taxlaw-8367	860	26	.	.	PUNCT
taxlaw-8367	861	1	159	159	NUM
taxlaw-8367	861	2	treas	trea	NOUN
taxlaw-8367	861	3	.	.	PUNCT
taxlaw-8367	862	1	reg	reg	PROPN
taxlaw-8367	862	2	.	.	PUNCT
taxlaw-8367	863	1	§	§	PROPN
taxlaw-8367	863	2	1.752–2(b)(6	1.752–2(b)(6	NUM
taxlaw-8367	863	3	)	)	PUNCT
taxlaw-8367	863	4	.	.	PUNCT
taxlaw-8367	864	1	120	120	NUM
taxlaw-8367	864	2	columbia	columbia	PROPN
taxlaw-8367	864	3	journal	journal	PROPN
taxlaw-8367	864	4	of	of	ADP
taxlaw-8367	864	5	tax	tax	NOUN
taxlaw-8367	864	6	law	law	NOUN
taxlaw-8367	864	7	[	[	X
taxlaw-8367	864	8	vol	vol	NOUN
taxlaw-8367	864	9	.	.	PUNCT
taxlaw-8367	865	1	12:89	12:89	NUM
taxlaw-8367	865	2	secondly	secondly	ADV
taxlaw-8367	865	3	,	,	PUNCT
taxlaw-8367	865	4	the	the	DET
taxlaw-8367	865	5	erl	erl	PROPN
taxlaw-8367	865	6	regulations	regulation	NOUN
taxlaw-8367	865	7	adopt	adopt	VERB
taxlaw-8367	865	8	special	special	ADJ
taxlaw-8367	865	9	treatment	treatment	NOUN
taxlaw-8367	865	10	for	for	ADP
taxlaw-8367	865	11	“	"	PUNCT
taxlaw-8367	865	12	bottom	bottom	ADJ
taxlaw-8367	865	13	-	-	PUNCT
taxlaw-8367	865	14	dollar	dollar	NOUN
taxlaw-8367	865	15	payment	payment	NOUN
taxlaw-8367	865	16	obligations	obligation	NOUN
taxlaw-8367	865	17	”	"	PUNCT
taxlaw-8367	865	18	(	(	PUNCT
taxlaw-8367	865	19	bdpos	bdpos	NOUN
taxlaw-8367	865	20	)	)	PUNCT
taxlaw-8367	865	21	.	.	PUNCT
taxlaw-8367	866	1	160	160	NUM
taxlaw-8367	866	2	very	very	ADV
taxlaw-8367	866	3	generally	generally	ADV
taxlaw-8367	866	4	,	,	PUNCT
taxlaw-8367	866	5	a	a	DET
taxlaw-8367	866	6	partner	partner	NOUN
taxlaw-8367	866	7	’s	’s	PART
taxlaw-8367	866	8	obligation	obligation	NOUN
taxlaw-8367	866	9	with	with	ADP
taxlaw-8367	866	10	respect	respect	NOUN
taxlaw-8367	866	11	to	to	ADP
taxlaw-8367	866	12	a	a	DET
taxlaw-8367	866	13	partnership	partnership	NOUN
taxlaw-8367	866	14	’s	’s	PART
taxlaw-8367	866	15	liability	liability	NOUN
taxlaw-8367	866	16	is	be	AUX
taxlaw-8367	866	17	a	a	DET
taxlaw-8367	866	18	bdpo	bdpo	NOUN
taxlaw-8367	866	19	if	if	SCONJ
taxlaw-8367	866	20	the	the	DET
taxlaw-8367	866	21	partner	partner	NOUN
taxlaw-8367	866	22	is	be	AUX
taxlaw-8367	866	23	required	require	VERB
taxlaw-8367	866	24	to	to	PART
taxlaw-8367	866	25	make	make	VERB
taxlaw-8367	866	26	good	good	ADJ
taxlaw-8367	866	27	on	on	ADP
taxlaw-8367	866	28	default	default	NOUN
taxlaw-8367	866	29	only	only	ADV
taxlaw-8367	866	30	to	to	ADP
taxlaw-8367	866	31	the	the	DET
taxlaw-8367	866	32	extent	extent	NOUN
taxlaw-8367	866	33	in	in	ADP
taxlaw-8367	866	34	excess	excess	NOUN
taxlaw-8367	866	35	of	of	ADP
taxlaw-8367	866	36	one	one	NUM
taxlaw-8367	866	37	or	or	CCONJ
taxlaw-8367	866	38	more	more	ADJ
taxlaw-8367	866	39	other	other	ADJ
taxlaw-8367	866	40	partners	partner	NOUN
taxlaw-8367	866	41	’	'	PUNCT
taxlaw-8367	866	42	obligations	obligation	NOUN
taxlaw-8367	866	43	.	.	PUNCT
taxlaw-8367	867	1	suppose	suppose	VERB
taxlaw-8367	867	2	that	that	SCONJ
taxlaw-8367	867	3	in	in	ADP
taxlaw-8367	867	4	the	the	DET
taxlaw-8367	867	5	prs	prs	NOUN
taxlaw-8367	867	6	example	example	NOUN
taxlaw-8367	867	7	,	,	PUNCT
taxlaw-8367	867	8	the	the	DET
taxlaw-8367	867	9	partners	partner	NOUN
taxlaw-8367	867	10	had	have	AUX
taxlaw-8367	867	11	agreed	agree	VERB
taxlaw-8367	867	12	that	that	SCONJ
taxlaw-8367	867	13	a	a	PRON
taxlaw-8367	867	14	and	and	CCONJ
taxlaw-8367	867	15	b	b	NOUN
taxlaw-8367	867	16	each	each	PRON
taxlaw-8367	867	17	would	would	AUX
taxlaw-8367	867	18	be	be	AUX
taxlaw-8367	867	19	equally	equally	ADV
taxlaw-8367	867	20	and	and	CCONJ
taxlaw-8367	867	21	exclusively	exclusively	ADV
taxlaw-8367	867	22	liable	liable	ADJ
taxlaw-8367	867	23	on	on	ADP
taxlaw-8367	867	24	the	the	DET
taxlaw-8367	867	25	first	first	ADJ
taxlaw-8367	867	26	$	$	SYM
taxlaw-8367	867	27	400	400	NUM
taxlaw-8367	867	28	of	of	ADP
taxlaw-8367	867	29	partnership	partnership	NOUN
taxlaw-8367	867	30	debt	debt	NOUN
taxlaw-8367	867	31	in	in	ADP
taxlaw-8367	867	32	the	the	DET
taxlaw-8367	867	33	event	event	NOUN
taxlaw-8367	867	34	of	of	ADP
taxlaw-8367	867	35	default	default	NOUN
taxlaw-8367	867	36	,	,	PUNCT
taxlaw-8367	867	37	while	while	SCONJ
taxlaw-8367	867	38	c	c	PROPN
taxlaw-8367	867	39	would	would	AUX
taxlaw-8367	867	40	be	be	AUX
taxlaw-8367	867	41	liable	liable	ADJ
taxlaw-8367	867	42	only	only	ADV
taxlaw-8367	867	43	to	to	ADP
taxlaw-8367	867	44	the	the	DET
taxlaw-8367	867	45	extent	extent	NOUN
taxlaw-8367	867	46	that	that	PRON
taxlaw-8367	867	47	bank	bank	NOUN
taxlaw-8367	867	48	otherwise	otherwise	ADV
taxlaw-8367	867	49	recovers	recover	VERB
taxlaw-8367	867	50	less	less	ADJ
taxlaw-8367	867	51	than	than	ADP
taxlaw-8367	867	52	$	$	SYM
taxlaw-8367	867	53	600	600	NUM
taxlaw-8367	867	54	.	.	PUNCT
taxlaw-8367	868	1	c	c	X
taxlaw-8367	868	2	’s	’s	PART
taxlaw-8367	868	3	obligation	obligation	NOUN
taxlaw-8367	868	4	is	be	AUX
taxlaw-8367	868	5	a	a	DET
taxlaw-8367	868	6	bdpo	bdpo	NOUN
taxlaw-8367	868	7	.	.	PUNCT
taxlaw-8367	869	1	under	under	ADP
taxlaw-8367	869	2	the	the	DET
taxlaw-8367	869	3	bdpo	bdpo	NOUN
taxlaw-8367	869	4	rules	rule	NOUN
taxlaw-8367	869	5	,	,	PUNCT
taxlaw-8367	869	6	c	c	X
taxlaw-8367	869	7	’s	’s	PART
taxlaw-8367	869	8	nominal	nominal	ADJ
taxlaw-8367	869	9	obligation	obligation	NOUN
taxlaw-8367	869	10	is	be	AUX
taxlaw-8367	869	11	disregarded	disregard	VERB
taxlaw-8367	869	12	for	for	ADP
taxlaw-8367	869	13	the	the	DET
taxlaw-8367	869	14	purpose	purpose	NOUN
taxlaw-8367	869	15	of	of	ADP
taxlaw-8367	869	16	determining	determine	VERB
taxlaw-8367	869	17	erl	erl	PROPN
taxlaw-8367	869	18	.	.	PUNCT
taxlaw-8367	870	1	instead	instead	ADV
taxlaw-8367	870	2	,	,	PUNCT
taxlaw-8367	870	3	the	the	DET
taxlaw-8367	870	4	basis	basis	NOUN
taxlaw-8367	870	5	that	that	PRON
taxlaw-8367	870	6	would	would	AUX
taxlaw-8367	870	7	have	have	AUX
taxlaw-8367	870	8	been	be	AUX
taxlaw-8367	870	9	allocated	allocate	VERB
taxlaw-8367	870	10	to	to	ADP
taxlaw-8367	870	11	c	c	PROPN
taxlaw-8367	870	12	is	be	AUX
taxlaw-8367	870	13	reallocated	reallocate	VERB
taxlaw-8367	870	14	among	among	ADP
taxlaw-8367	870	15	the	the	DET
taxlaw-8367	870	16	partners	partner	NOUN
taxlaw-8367	870	17	under	under	ADP
taxlaw-8367	870	18	the	the	DET
taxlaw-8367	870	19	rules	rule	NOUN
taxlaw-8367	870	20	that	that	PRON
taxlaw-8367	870	21	apply	apply	VERB
taxlaw-8367	870	22	to	to	ADP
taxlaw-8367	870	23	the	the	DET
taxlaw-8367	870	24	allocation	allocation	NOUN
taxlaw-8367	870	25	of	of	ADP
taxlaw-8367	870	26	basis	basis	NOUN
taxlaw-8367	870	27	for	for	ADP
taxlaw-8367	870	28	nonrecourse	nonrecourse	ADJ
taxlaw-8367	870	29	liabilities	liability	NOUN
taxlaw-8367	870	30	of	of	ADP
taxlaw-8367	870	31	the	the	DET
taxlaw-8367	870	32	partnership.161	partnership.161	NOUN
taxlaw-8367	870	33	like	like	ADP
taxlaw-8367	870	34	the	the	DET
taxlaw-8367	870	35	erl	erl	NOUN
taxlaw-8367	870	36	rules	rule	NOUN
taxlaw-8367	870	37	,	,	PUNCT
taxlaw-8367	870	38	the	the	DET
taxlaw-8367	870	39	bdpo	bdpo	NOUN
taxlaw-8367	870	40	exception	exception	NOUN
taxlaw-8367	870	41	to	to	ADP
taxlaw-8367	870	42	erl	erl	PROPN
taxlaw-8367	870	43	reflects	reflect	VERB
taxlaw-8367	870	44	an	an	DET
taxlaw-8367	870	45	acknowledgment	acknowledgment	NOUN
taxlaw-8367	870	46	that	that	SCONJ
taxlaw-8367	870	47	allocation	allocation	NOUN
taxlaw-8367	870	48	of	of	ADP
taxlaw-8367	870	49	basis	basis	NOUN
taxlaw-8367	870	50	credit	credit	NOUN
taxlaw-8367	870	51	by	by	ADP
taxlaw-8367	870	52	liability	liability	NOUN
taxlaw-8367	870	53	under	under	ADP
taxlaw-8367	870	54	the	the	DET
taxlaw-8367	870	55	catastrophe	catastrophe	NOUN
taxlaw-8367	870	56	theory	theory	NOUN
taxlaw-8367	870	57	is	be	AUX
taxlaw-8367	870	58	in	in	ADP
taxlaw-8367	870	59	many	many	ADJ
taxlaw-8367	870	60	ways	way	NOUN
taxlaw-8367	870	61	unrealistic	unrealistic	ADJ
taxlaw-8367	870	62	.	.	PUNCT
taxlaw-8367	871	1	in	in	ADP
taxlaw-8367	871	2	fact	fact	NOUN
taxlaw-8367	871	3	,	,	PUNCT
taxlaw-8367	871	4	its	its	PRON
taxlaw-8367	871	5	realism	realism	NOUN
taxlaw-8367	871	6	depends	depend	VERB
taxlaw-8367	871	7	on	on	ADP
taxlaw-8367	871	8	an	an	DET
taxlaw-8367	871	9	assumed	assumed	ADJ
taxlaw-8367	871	10	proportionality	proportionality	NOUN
taxlaw-8367	871	11	of	of	ADP
taxlaw-8367	871	12	what	what	PRON
taxlaw-8367	871	13	would	would	AUX
taxlaw-8367	871	14	happen	happen	VERB
taxlaw-8367	871	15	under	under	ADP
taxlaw-8367	871	16	the	the	DET
taxlaw-8367	871	17	catastrophe	catastrophe	NOUN
taxlaw-8367	871	18	and	and	CCONJ
taxlaw-8367	871	19	what	what	PRON
taxlaw-8367	871	20	would	would	AUX
taxlaw-8367	871	21	happen	happen	VERB
taxlaw-8367	871	22	under	under	ADP
taxlaw-8367	871	23	more	more	ADV
taxlaw-8367	871	24	realistic	realistic	ADJ
taxlaw-8367	871	25	scenarios	scenario	NOUN
taxlaw-8367	871	26	.	.	PUNCT
taxlaw-8367	872	1	for	for	ADP
taxlaw-8367	872	2	example	example	NOUN
taxlaw-8367	872	3	,	,	PUNCT
taxlaw-8367	872	4	if	if	SCONJ
taxlaw-8367	872	5	each	each	DET
taxlaw-8367	872	6	partner	partner	NOUN
taxlaw-8367	872	7	is	be	AUX
taxlaw-8367	872	8	liable	liable	ADJ
taxlaw-8367	872	9	for	for	ADP
taxlaw-8367	872	10	one	one	NUM
taxlaw-8367	872	11	-	-	PUNCT
taxlaw-8367	872	12	third	third	NOUN
taxlaw-8367	872	13	of	of	ADP
taxlaw-8367	872	14	the	the	DET
taxlaw-8367	872	15	debt	debt	NOUN
taxlaw-8367	872	16	,	,	PUNCT
taxlaw-8367	872	17	loss	loss	NOUN
taxlaw-8367	872	18	is	be	AUX
taxlaw-8367	872	19	allocated	allocate	VERB
taxlaw-8367	872	20	the	the	DET
taxlaw-8367	872	21	same	same	ADJ
taxlaw-8367	872	22	way	way	NOUN
taxlaw-8367	872	23	for	for	ADP
taxlaw-8367	872	24	a	a	DET
taxlaw-8367	872	25	default	default	NOUN
taxlaw-8367	872	26	of	of	ADP
taxlaw-8367	872	27	ten	ten	NUM
taxlaw-8367	872	28	percent	percent	NOUN
taxlaw-8367	872	29	and	and	CCONJ
taxlaw-8367	872	30	a	a	DET
taxlaw-8367	872	31	catastrophic	catastrophic	ADJ
taxlaw-8367	872	32	loss	loss	NOUN
taxlaw-8367	872	33	.	.	PUNCT
taxlaw-8367	873	1	but	but	CCONJ
taxlaw-8367	873	2	to	to	ADP
taxlaw-8367	873	3	the	the	DET
taxlaw-8367	873	4	extent	extent	NOUN
taxlaw-8367	873	5	that	that	SCONJ
taxlaw-8367	873	6	the	the	DET
taxlaw-8367	873	7	regulations	regulation	NOUN
taxlaw-8367	873	8	effectively	effectively	ADV
taxlaw-8367	873	9	depend	depend	VERB
taxlaw-8367	873	10	on	on	ADP
taxlaw-8367	873	11	this	this	DET
taxlaw-8367	873	12	approach	approach	NOUN
taxlaw-8367	873	13	,	,	PUNCT
taxlaw-8367	873	14	the	the	DET
taxlaw-8367	873	15	catastrophe	catastrophe	NOUN
taxlaw-8367	873	16	rule	rule	NOUN
taxlaw-8367	873	17	is	be	AUX
taxlaw-8367	873	18	neither	neither	CCONJ
taxlaw-8367	873	19	needed	need	VERB
taxlaw-8367	873	20	nor	nor	CCONJ
taxlaw-8367	873	21	appropriate	appropriate	ADJ
taxlaw-8367	873	22	.	.	PUNCT
taxlaw-8367	874	1	the	the	DET
taxlaw-8367	874	2	bdpo	bdpo	PROPN
taxlaw-8367	874	3	rules	rule	NOUN
taxlaw-8367	874	4	address	address	VERB
taxlaw-8367	874	5	one	one	NUM
taxlaw-8367	874	6	potential	potential	ADJ
taxlaw-8367	874	7	abuse	abuse	NOUN
taxlaw-8367	874	8	available	available	ADJ
taxlaw-8367	874	9	under	under	ADP
taxlaw-8367	874	10	the	the	DET
taxlaw-8367	874	11	erl	erl	NOUN
taxlaw-8367	874	12	procedure	procedure	NOUN
taxlaw-8367	874	13	,	,	PUNCT
taxlaw-8367	874	14	but	but	CCONJ
taxlaw-8367	874	15	not	not	PART
taxlaw-8367	874	16	all	all	PRON
taxlaw-8367	874	17	of	of	ADP
taxlaw-8367	874	18	them	they	PRON
taxlaw-8367	874	19	.	.	PUNCT
taxlaw-8367	875	1	consider	consider	VERB
taxlaw-8367	875	2	that	that	SCONJ
taxlaw-8367	875	3	the	the	DET
taxlaw-8367	875	4	partners	partner	NOUN
taxlaw-8367	875	5	may	may	AUX
taxlaw-8367	875	6	well	well	ADV
taxlaw-8367	875	7	be	be	AUX
taxlaw-8367	875	8	willing	willing	ADJ
taxlaw-8367	875	9	to	to	PART
taxlaw-8367	875	10	make	make	VERB
taxlaw-8367	875	11	special	special	ADJ
taxlaw-8367	875	12	allocations	allocation	NOUN
taxlaw-8367	875	13	of	of	ADP
taxlaw-8367	875	14	risk	risk	NOUN
taxlaw-8367	875	15	of	of	ADP
taxlaw-8367	875	16	loss	loss	NOUN
taxlaw-8367	875	17	that	that	PRON
taxlaw-8367	875	18	do	do	AUX
taxlaw-8367	875	19	not	not	PART
taxlaw-8367	875	20	qualify	qualify	VERB
taxlaw-8367	875	21	as	as	ADP
taxlaw-8367	875	22	bdpos	bdpos	NOUN
taxlaw-8367	875	23	but	but	CCONJ
taxlaw-8367	875	24	that	that	PRON
taxlaw-8367	875	25	dramatically	dramatically	ADV
taxlaw-8367	875	26	alter	alter	VERB
taxlaw-8367	875	27	their	their	PRON
taxlaw-8367	875	28	obligations	obligation	NOUN
taxlaw-8367	875	29	in	in	ADP
taxlaw-8367	875	30	the	the	DET
taxlaw-8367	875	31	case	case	NOUN
taxlaw-8367	875	32	of	of	ADP
taxlaw-8367	875	33	default	default	NOUN
taxlaw-8367	875	34	.	.	PUNCT
taxlaw-8367	876	1	the	the	DET
taxlaw-8367	876	2	partners	partner	NOUN
taxlaw-8367	876	3	may	may	AUX
taxlaw-8367	876	4	be	be	AUX
taxlaw-8367	876	5	willing	willing	ADJ
taxlaw-8367	876	6	to	to	PART
taxlaw-8367	876	7	do	do	VERB
taxlaw-8367	876	8	this	this	PRON
taxlaw-8367	876	9	because	because	SCONJ
taxlaw-8367	876	10	they	they	PRON
taxlaw-8367	876	11	know	know	VERB
taxlaw-8367	876	12	that	that	SCONJ
taxlaw-8367	876	13	the	the	DET
taxlaw-8367	876	14	risk	risk	NOUN
taxlaw-8367	876	15	of	of	ADP
taxlaw-8367	876	16	default	default	NOUN
taxlaw-8367	876	17	is	be	AUX
taxlaw-8367	876	18	slim	slim	ADJ
taxlaw-8367	876	19	(	(	PUNCT
taxlaw-8367	876	20	and	and	CCONJ
taxlaw-8367	876	21	may	may	AUX
taxlaw-8367	876	22	even	even	ADV
taxlaw-8367	876	23	be	be	AUX
taxlaw-8367	876	24	insurable	insurable	ADJ
taxlaw-8367	876	25	by	by	ADP
taxlaw-8367	876	26	a	a	DET
taxlaw-8367	876	27	partner	partner	NOUN
taxlaw-8367	876	28	through	through	ADP
taxlaw-8367	876	29	an	an	DET
taxlaw-8367	876	30	arrangement	arrangement	NOUN
taxlaw-8367	876	31	with	with	ADP
taxlaw-8367	876	32	an	an	DET
taxlaw-8367	876	33	outside	outside	ADJ
taxlaw-8367	876	34	party	party	NOUN
taxlaw-8367	876	35	)	)	PUNCT
taxlaw-8367	876	36	so	so	SCONJ
taxlaw-8367	876	37	that	that	SCONJ
taxlaw-8367	876	38	a	a	DET
taxlaw-8367	876	39	minor	minor	ADJ
taxlaw-8367	876	40	economic	economic	ADJ
taxlaw-8367	876	41	cost	cost	NOUN
taxlaw-8367	876	42	yields	yield	NOUN
taxlaw-8367	876	43	a	a	DET
taxlaw-8367	876	44	substantial	substantial	ADJ
taxlaw-8367	876	45	tax	tax	NOUN
taxlaw-8367	876	46	benefit	benefit	NOUN
taxlaw-8367	876	47	.	.	PUNCT
taxlaw-8367	877	1	the	the	DET
taxlaw-8367	877	2	result	result	NOUN
taxlaw-8367	877	3	is	be	AUX
taxlaw-8367	877	4	tax	tax	NOUN
taxlaw-8367	877	5	-	-	PUNCT
taxlaw-8367	877	6	motivated	motivate	VERB
taxlaw-8367	877	7	basis	basis	NOUN
taxlaw-8367	877	8	shifts	shift	NOUN
taxlaw-8367	877	9	that	that	PRON
taxlaw-8367	877	10	have	have	VERB
taxlaw-8367	877	11	little	little	ADJ
taxlaw-8367	877	12	nontax	nontax	NOUN
taxlaw-8367	877	13	significance	significance	NOUN
taxlaw-8367	877	14	.	.	PUNCT
taxlaw-8367	878	1	suppose	suppose	VERB
taxlaw-8367	878	2	the	the	DET
taxlaw-8367	878	3	three	three	NUM
taxlaw-8367	878	4	partners	partner	NOUN
taxlaw-8367	878	5	of	of	ADP
taxlaw-8367	878	6	equal	equal	ADJ
taxlaw-8367	878	7	xyz	xyz	NOUN
taxlaw-8367	878	8	are	be	AUX
taxlaw-8367	878	9	largely	largely	ADV
taxlaw-8367	878	10	indifferent	indifferent	ADJ
taxlaw-8367	878	11	on	on	ADP
taxlaw-8367	878	12	a	a	DET
taxlaw-8367	878	13	pretax	pretax	ADJ
taxlaw-8367	878	14	basis	basis	NOUN
taxlaw-8367	878	15	between	between	ADP
taxlaw-8367	878	16	an	an	DET
taxlaw-8367	878	17	allocation	allocation	NOUN
taxlaw-8367	878	18	of	of	ADP
taxlaw-8367	878	19	erl	erl	NOUN
taxlaw-8367	878	20	with	with	ADP
taxlaw-8367	878	21	respect	respect	NOUN
taxlaw-8367	878	22	to	to	ADP
taxlaw-8367	878	23	a	a	DET
taxlaw-8367	878	24	loan	loan	NOUN
taxlaw-8367	878	25	equally	equally	ADV
taxlaw-8367	878	26	among	among	ADP
taxlaw-8367	878	27	themselves	themselves	PRON
taxlaw-8367	878	28	,	,	PUNCT
taxlaw-8367	878	29	or	or	CCONJ
taxlaw-8367	878	30	10	10	NUM
taxlaw-8367	878	31	percent	percent	NOUN
taxlaw-8367	878	32	to	to	ADP
taxlaw-8367	878	33	each	each	PRON
taxlaw-8367	878	34	of	of	ADP
taxlaw-8367	878	35	x	x	PUNCT
taxlaw-8367	878	36	and	and	CCONJ
taxlaw-8367	878	37	y	y	PROPN
taxlaw-8367	878	38	and	and	CCONJ
taxlaw-8367	878	39	80	80	NUM
taxlaw-8367	878	40	percent	percent	NOUN
taxlaw-8367	878	41	to	to	ADP
taxlaw-8367	878	42	z.	z.	PROPN
taxlaw-8367	878	43	they	they	PRON
taxlaw-8367	878	44	may	may	AUX
taxlaw-8367	878	45	be	be	AUX
taxlaw-8367	878	46	willing	willing	ADJ
taxlaw-8367	878	47	to	to	PART
taxlaw-8367	878	48	allocate	allocate	VERB
taxlaw-8367	878	49	erl	erl	NOUN
taxlaw-8367	878	50	in	in	ADP
taxlaw-8367	878	51	this	this	DET
taxlaw-8367	878	52	manner	manner	NOUN
taxlaw-8367	878	53	because	because	SCONJ
taxlaw-8367	878	54	they	they	PRON
taxlaw-8367	878	55	know	know	VERB
taxlaw-8367	878	56	that	that	DET
taxlaw-8367	878	57	default	default	NOUN
taxlaw-8367	878	58	requiring	require	VERB
taxlaw-8367	878	59	the	the	DET
taxlaw-8367	878	60	partners	partner	NOUN
taxlaw-8367	878	61	to	to	PART
taxlaw-8367	878	62	make	make	VERB
taxlaw-8367	878	63	a	a	DET
taxlaw-8367	878	64	payment	payment	NOUN
taxlaw-8367	878	65	is	be	AUX
taxlaw-8367	878	66	very	very	ADV
taxlaw-8367	878	67	unlikely	unlikely	ADJ
taxlaw-8367	878	68	.	.	PUNCT
taxlaw-8367	879	1	possible	possible	ADJ
taxlaw-8367	879	2	reasons	reason	NOUN
taxlaw-8367	879	3	could	could	AUX
taxlaw-8367	879	4	be	be	AUX
taxlaw-8367	879	5	that	that	SCONJ
taxlaw-8367	879	6	the	the	DET
taxlaw-8367	879	7	security	security	NOUN
taxlaw-8367	879	8	xyz	xyz	PRON
taxlaw-8367	879	9	provides	provide	VERB
taxlaw-8367	879	10	for	for	ADP
taxlaw-8367	879	11	the	the	DET
taxlaw-8367	879	12	debt	debt	NOUN
taxlaw-8367	879	13	may	may	AUX
taxlaw-8367	879	14	have	have	VERB
taxlaw-8367	879	15	a	a	DET
taxlaw-8367	879	16	value	value	NOUN
taxlaw-8367	879	17	well	well	ADV
taxlaw-8367	879	18	in	in	ADP
taxlaw-8367	879	19	excess	excess	NOUN
taxlaw-8367	879	20	of	of	ADP
taxlaw-8367	879	21	the	the	DET
taxlaw-8367	879	22	loan	loan	NOUN
taxlaw-8367	879	23	amount	amount	NOUN
taxlaw-8367	879	24	,	,	PUNCT
taxlaw-8367	879	25	or	or	CCONJ
taxlaw-8367	879	26	the	the	DET
taxlaw-8367	879	27	partnership	partnership	NOUN
taxlaw-8367	879	28	may	may	AUX
taxlaw-8367	879	29	have	have	VERB
taxlaw-8367	879	30	a	a	DET
taxlaw-8367	879	31	sufficiently	sufficiently	ADV
taxlaw-8367	879	32	stable	stable	ADJ
taxlaw-8367	879	33	income	income	NOUN
taxlaw-8367	879	34	stream	stream	NOUN
taxlaw-8367	879	35	to	to	PART
taxlaw-8367	879	36	make	make	VERB
taxlaw-8367	879	37	default	default	NOUN
taxlaw-8367	879	38	unlikely	unlikely	ADJ
taxlaw-8367	879	39	in	in	ADP
taxlaw-8367	879	40	the	the	DET
taxlaw-8367	879	41	first	first	ADJ
taxlaw-8367	879	42	place	place	NOUN
taxlaw-8367	879	43	.	.	PUNCT
taxlaw-8367	880	1	by	by	ADP
taxlaw-8367	880	2	adjusting	adjust	VERB
taxlaw-8367	880	3	the	the	DET
taxlaw-8367	880	4	formal	formal	ADJ
taxlaw-8367	880	5	risk	risk	NOUN
taxlaw-8367	880	6	of	of	ADP
taxlaw-8367	880	7	loss	loss	NOUN
taxlaw-8367	880	8	to	to	ADP
taxlaw-8367	880	9	z	z	PROPN
taxlaw-8367	880	10	,	,	PUNCT
taxlaw-8367	880	11	she	she	PRON
taxlaw-8367	880	12	secures	secure	VERB
taxlaw-8367	880	13	additional	additional	ADJ
taxlaw-8367	880	14	basis	basis	NOUN
taxlaw-8367	880	15	credit	credit	NOUN
taxlaw-8367	880	16	at	at	SCONJ
taxlaw-8367	880	17	little	little	ADJ
taxlaw-8367	880	18	or	or	CCONJ
taxlaw-8367	880	19	no	no	PRON
taxlaw-8367	880	20	economic	economic	ADJ
taxlaw-8367	880	21	cost.162	cost.162	PROPN
taxlaw-8367	880	22	b.	b.	PROPN
taxlaw-8367	880	23	nonrecourse	nonrecourse	PROPN
taxlaw-8367	880	24	liabilities	liabilitie	VERB
taxlaw-8367	880	25	the	the	DET
taxlaw-8367	880	26	unreality	unreality	NOUN
taxlaw-8367	880	27	of	of	ADP
taxlaw-8367	880	28	the	the	DET
taxlaw-8367	880	29	erl	erl	NOUN
taxlaw-8367	880	30	analysis	analysis	NOUN
taxlaw-8367	880	31	emerges	emerge	VERB
taxlaw-8367	880	32	most	most	ADV
taxlaw-8367	880	33	pointedly	pointedly	ADV
taxlaw-8367	880	34	when	when	SCONJ
taxlaw-8367	880	35	compared	compare	VERB
taxlaw-8367	880	36	to	to	ADP
taxlaw-8367	880	37	the	the	DET
taxlaw-8367	880	38	rules	rule	NOUN
taxlaw-8367	880	39	for	for	ADP
taxlaw-8367	880	40	allocation	allocation	NOUN
taxlaw-8367	880	41	of	of	ADP
taxlaw-8367	880	42	basis	basis	NOUN
taxlaw-8367	880	43	in	in	ADP
taxlaw-8367	880	44	partnership	partnership	NOUN
taxlaw-8367	880	45	nonrecourse	nonrecourse	NOUN
taxlaw-8367	880	46	debt	debt	PROPN
taxlaw-8367	880	47	.	.	PUNCT
taxlaw-8367	881	1	suppose	suppose	VERB
taxlaw-8367	881	2	instead	instead	ADV
taxlaw-8367	881	3	that	that	SCONJ
taxlaw-8367	881	4	the	the	DET
taxlaw-8367	881	5	loan	loan	NOUN
taxlaw-8367	881	6	in	in	ADP
taxlaw-8367	881	7	our	our	PRON
taxlaw-8367	881	8	prs	prs	NOUN
taxlaw-8367	881	9	example	example	NOUN
taxlaw-8367	881	10	is	be	AUX
taxlaw-8367	881	11	nonrecourse	nonrecourse	ADJ
taxlaw-8367	881	12	.	.	PUNCT
taxlaw-8367	882	1	because	because	SCONJ
taxlaw-8367	882	2	the	the	DET
taxlaw-8367	882	3	partnership	partnership	NOUN
taxlaw-8367	882	4	has	have	VERB
taxlaw-8367	882	5	no	no	DET
taxlaw-8367	882	6	obligation	obligation	NOUN
taxlaw-8367	882	7	to	to	PART
taxlaw-8367	882	8	repay	repay	VERB
taxlaw-8367	882	9	the	the	DET
taxlaw-8367	882	10	debt	debt	NOUN
taxlaw-8367	882	11	,	,	PUNCT
taxlaw-8367	882	12	erl	erl	PROPN
taxlaw-8367	882	13	is	be	AUX
taxlaw-8367	882	14	said	say	VERB
taxlaw-8367	882	15	to	to	PART
taxlaw-8367	882	16	remain	remain	VERB
taxlaw-8367	882	17	with	with	ADP
taxlaw-8367	882	18	the	the	DET
taxlaw-8367	882	19	lender.163	lender.163	VERB
taxlaw-8367	882	20	allocation	allocation	NOUN
taxlaw-8367	882	21	of	of	ADP
taxlaw-8367	882	22	basis	basis	NOUN
taxlaw-8367	882	23	according	accord	VERB
taxlaw-8367	882	24	to	to	ADP
taxlaw-8367	882	25	erl	erl	PROPN
taxlaw-8367	882	26	is	be	AUX
taxlaw-8367	882	27	therefore	therefore	ADV
taxlaw-8367	882	28	impossible	impossible	ADJ
taxlaw-8367	882	29	if	if	SCONJ
taxlaw-8367	882	30	nonrecourse	nonrecourse	NOUN
taxlaw-8367	882	31	debt	debt	NOUN
taxlaw-8367	882	32	is	be	AUX
taxlaw-8367	882	33	going	go	VERB
taxlaw-8367	882	34	to	to	PART
taxlaw-8367	882	35	be	be	AUX
taxlaw-8367	882	36	treated	treat	VERB
taxlaw-8367	882	37	the	the	DET
taxlaw-8367	882	38	same	same	ADJ
taxlaw-8367	882	39	as	as	ADP
taxlaw-8367	882	40	recourse	recourse	NOUN
taxlaw-8367	882	41	debt	debt	NOUN
taxlaw-8367	882	42	160	160	NUM
taxlaw-8367	882	43	treas	trea	NOUN
taxlaw-8367	882	44	.	.	PUNCT
taxlaw-8367	883	1	reg	reg	PROPN
taxlaw-8367	883	2	.	.	PUNCT
taxlaw-8367	884	1	§	§	PROPN
taxlaw-8367	884	2	1.752–2(b)(3)(ii	1.752–2(b)(3)(ii	PROPN
taxlaw-8367	884	3	)	)	PUNCT
taxlaw-8367	884	4	.	.	PUNCT
taxlaw-8367	885	1	161	161	NUM
taxlaw-8367	885	2	see	see	VERB
taxlaw-8367	885	3	treas	treas	PROPN
taxlaw-8367	885	4	.	.	PUNCT
taxlaw-8367	886	1	reg	reg	PROPN
taxlaw-8367	886	2	.	.	PUNCT
taxlaw-8367	887	1	§	§	PROPN
taxlaw-8367	887	2	1.752–2(f	1.752–2(f	NUM
taxlaw-8367	887	3	)	)	PUNCT
taxlaw-8367	887	4	,	,	PUNCT
taxlaw-8367	887	5	ex	ex	NOUN
taxlaw-8367	887	6	.	.	PROPN
taxlaw-8367	887	7	10	10	NUM
taxlaw-8367	887	8	.	.	X
taxlaw-8367	887	9	162	162	NUM
taxlaw-8367	887	10	treas	trea	NOUN
taxlaw-8367	887	11	.	.	PUNCT
taxlaw-8367	888	1	reg	reg	PROPN
taxlaw-8367	888	2	.	.	PUNCT
taxlaw-8367	889	1	§	§	PROPN
taxlaw-8367	889	2	1.752–2(b)(1	1.752–2(b)(1	NUM
taxlaw-8367	889	3	)	)	PUNCT
taxlaw-8367	889	4	.	.	PUNCT
taxlaw-8367	890	1	163	163	NUM
taxlaw-8367	890	2	see	see	NOUN
taxlaw-8367	890	3	,	,	PUNCT
taxlaw-8367	890	4	e.g.	e.g.	ADV
taxlaw-8367	890	5	,	,	PUNCT
taxlaw-8367	890	6	comm’r	comm’r	NOUN
taxlaw-8367	890	7	v.	v.	ADP
taxlaw-8367	890	8	tufts	tuft	NOUN
taxlaw-8367	890	9	,	,	PUNCT
taxlaw-8367	890	10	461	461	NUM
taxlaw-8367	890	11	u.s	u.s	PROPN
taxlaw-8367	890	12	.	.	PROPN
taxlaw-8367	890	13	300	300	NUM
taxlaw-8367	890	14	,	,	PUNCT
taxlaw-8367	890	15	312	312	NUM
taxlaw-8367	890	16	-	-	SYM
taxlaw-8367	890	17	13	13	NUM
taxlaw-8367	890	18	(	(	PUNCT
taxlaw-8367	890	19	1983	1983	NUM
taxlaw-8367	890	20	)	)	PUNCT
taxlaw-8367	890	21	(	(	PUNCT
taxlaw-8367	890	22	stating	state	VERB
taxlaw-8367	890	23	that	that	SCONJ
taxlaw-8367	890	24	mortgagee	mortgagee	PROPN
taxlaw-8367	890	25	remains	remain	VERB
taxlaw-8367	890	26	at	at	ADP
taxlaw-8367	890	27	risk	risk	NOUN
taxlaw-8367	890	28	with	with	ADP
taxlaw-8367	890	29	respect	respect	NOUN
taxlaw-8367	890	30	to	to	ADP
taxlaw-8367	890	31	the	the	DET
taxlaw-8367	890	32	security	security	NOUN
taxlaw-8367	890	33	for	for	ADP
taxlaw-8367	890	34	the	the	DET
taxlaw-8367	890	35	loan	loan	NOUN
taxlaw-8367	890	36	)	)	PUNCT
taxlaw-8367	890	37	.	.	PUNCT
taxlaw-8367	891	1	2021	2021	NUM
taxlaw-8367	891	2	]	]	PUNCT
taxlaw-8367	891	3	debt	debt	NOUN
taxlaw-8367	891	4	and	and	CCONJ
taxlaw-8367	891	5	taxes	taxis	NOUN
taxlaw-8367	891	6	121	121	NUM
taxlaw-8367	891	7	for	for	ADP
taxlaw-8367	891	8	tax	tax	NOUN
taxlaw-8367	891	9	purposes	purpose	NOUN
taxlaw-8367	891	10	.	.	PUNCT
taxlaw-8367	892	1	a	a	DET
taxlaw-8367	892	2	long	long	ADJ
taxlaw-8367	892	3	line	line	NOUN
taxlaw-8367	892	4	of	of	ADP
taxlaw-8367	892	5	authority	authority	NOUN
taxlaw-8367	892	6	has	have	AUX
taxlaw-8367	892	7	consistently	consistently	ADV
taxlaw-8367	892	8	treated	treat	VERB
taxlaw-8367	892	9	nrd	nrd	NOUN
taxlaw-8367	892	10	the	the	DET
taxlaw-8367	892	11	same	same	ADJ
taxlaw-8367	892	12	as	as	ADP
taxlaw-8367	892	13	recourse	recourse	NOUN
taxlaw-8367	892	14	debt	debt	NOUN
taxlaw-8367	892	15	,	,	PUNCT
taxlaw-8367	892	16	164	164	NUM
taxlaw-8367	892	17	and	and	CCONJ
taxlaw-8367	892	18	the	the	DET
taxlaw-8367	892	19	partnership	partnership	NOUN
taxlaw-8367	892	20	rules	rule	VERB
taxlaw-8367	892	21	sensibly	sensibly	ADV
taxlaw-8367	892	22	adopt	adopt	VERB
taxlaw-8367	892	23	the	the	DET
taxlaw-8367	892	24	same	same	ADJ
taxlaw-8367	892	25	treatment.165	treatment.165	NOUN
taxlaw-8367	892	26	to	to	PART
taxlaw-8367	892	27	maintain	maintain	VERB
taxlaw-8367	892	28	parity	parity	NOUN
taxlaw-8367	892	29	with	with	ADP
taxlaw-8367	892	30	the	the	DET
taxlaw-8367	892	31	treatment	treatment	NOUN
taxlaw-8367	892	32	of	of	ADP
taxlaw-8367	892	33	debt	debt	NOUN
taxlaw-8367	892	34	outside	outside	ADP
taxlaw-8367	892	35	the	the	DET
taxlaw-8367	892	36	partnership	partnership	NOUN
taxlaw-8367	892	37	setting	set	VERB
taxlaw-8367	892	38	,	,	PUNCT
taxlaw-8367	892	39	the	the	DET
taxlaw-8367	892	40	partnership	partnership	NOUN
taxlaw-8367	892	41	nonrecourse	nonrecourse	NOUN
taxlaw-8367	892	42	debt	debt	NOUN
taxlaw-8367	892	43	regulations	regulation	NOUN
taxlaw-8367	892	44	generally	generally	ADV
taxlaw-8367	892	45	allocate	allocate	VERB
taxlaw-8367	892	46	basis	basis	NOUN
taxlaw-8367	892	47	among	among	ADP
taxlaw-8367	892	48	the	the	DET
taxlaw-8367	892	49	partners	partner	NOUN
taxlaw-8367	892	50	under	under	ADP
taxlaw-8367	892	51	a	a	DET
taxlaw-8367	892	52	complicated	complicated	ADJ
taxlaw-8367	892	53	three	three	NUM
taxlaw-8367	892	54	-	-	PUNCT
taxlaw-8367	892	55	tiered	tiere	VERB
taxlaw-8367	892	56	waterfall	waterfall	NOUN
taxlaw-8367	892	57	provision	provision	NOUN
taxlaw-8367	892	58	that	that	SCONJ
taxlaw-8367	892	59	in	in	ADP
taxlaw-8367	892	60	some	some	DET
taxlaw-8367	892	61	respects	respect	NOUN
taxlaw-8367	892	62	tracks	track	VERB
taxlaw-8367	892	63	the	the	DET
taxlaw-8367	892	64	principles	principle	NOUN
taxlaw-8367	892	65	for	for	ADP
taxlaw-8367	892	66	recourse	recourse	NOUN
taxlaw-8367	892	67	debt	debt	NOUN
taxlaw-8367	892	68	but	but	CCONJ
taxlaw-8367	892	69	in	in	ADP
taxlaw-8367	892	70	others	other	NOUN
taxlaw-8367	892	71	departs	depart	VERB
taxlaw-8367	892	72	from	from	ADP
taxlaw-8367	892	73	those	those	DET
taxlaw-8367	892	74	principles	principle	NOUN
taxlaw-8367	892	75	materially.166	materially.166	ADJ
taxlaw-8367	892	76	because	because	SCONJ
taxlaw-8367	892	77	the	the	DET
taxlaw-8367	892	78	first	first	ADJ
taxlaw-8367	892	79	two	two	NUM
taxlaw-8367	892	80	tiers	tier	NOUN
taxlaw-8367	892	81	to	to	ADP
taxlaw-8367	892	82	some	some	DET
taxlaw-8367	892	83	extent	extent	NOUN
taxlaw-8367	892	84	embody	embody	VERB
taxlaw-8367	892	85	the	the	DET
taxlaw-8367	892	86	principles	principle	NOUN
taxlaw-8367	892	87	for	for	ADP
taxlaw-8367	892	88	recourse	recourse	NOUN
taxlaw-8367	892	89	debt	debt	NOUN
taxlaw-8367	892	90	,	,	PUNCT
taxlaw-8367	892	91	they	they	PRON
taxlaw-8367	892	92	also	also	ADV
taxlaw-8367	892	93	embody	embody	VERB
taxlaw-8367	892	94	the	the	DET
taxlaw-8367	892	95	problems	problem	NOUN
taxlaw-8367	892	96	identified	identify	VERB
taxlaw-8367	892	97	above	above	ADV
taxlaw-8367	892	98	.	.	PUNCT
taxlaw-8367	893	1	rather	rather	ADV
taxlaw-8367	893	2	than	than	SCONJ
taxlaw-8367	893	3	enter	enter	VERB
taxlaw-8367	893	4	into	into	ADP
taxlaw-8367	893	5	an	an	DET
taxlaw-8367	893	6	extended	extended	ADJ
taxlaw-8367	893	7	discussion	discussion	NOUN
taxlaw-8367	893	8	of	of	ADP
taxlaw-8367	893	9	the	the	DET
taxlaw-8367	893	10	nuances	nuance	NOUN
taxlaw-8367	893	11	of	of	ADP
taxlaw-8367	893	12	these	these	DET
taxlaw-8367	893	13	technical	technical	ADJ
taxlaw-8367	893	14	provisions	provision	NOUN
taxlaw-8367	893	15	,	,	PUNCT
taxlaw-8367	893	16	suffice	suffice	VERB
taxlaw-8367	893	17	it	it	PRON
taxlaw-8367	893	18	to	to	PART
taxlaw-8367	893	19	say	say	VERB
taxlaw-8367	893	20	that	that	SCONJ
taxlaw-8367	893	21	the	the	DET
taxlaw-8367	893	22	basic	basic	ADJ
taxlaw-8367	893	23	problems	problem	NOUN
taxlaw-8367	893	24	with	with	ADP
taxlaw-8367	893	25	them	they	PRON
taxlaw-8367	893	26	are	be	AUX
taxlaw-8367	893	27	similar	similar	ADJ
taxlaw-8367	893	28	to	to	ADP
taxlaw-8367	893	29	those	those	PRON
taxlaw-8367	893	30	for	for	ADP
taxlaw-8367	893	31	recourse	recourse	NOUN
taxlaw-8367	893	32	debt	debt	NOUN
taxlaw-8367	893	33	.	.	PUNCT
taxlaw-8367	894	1	the	the	DET
taxlaw-8367	894	2	third	third	ADJ
taxlaw-8367	894	3	tier	tier	NOUN
taxlaw-8367	894	4	,	,	PUNCT
taxlaw-8367	894	5	by	by	ADP
taxlaw-8367	894	6	contrast	contrast	NOUN
taxlaw-8367	894	7	,	,	PUNCT
taxlaw-8367	894	8	sets	set	VERB
taxlaw-8367	894	9	forth	forth	ADP
taxlaw-8367	894	10	a	a	DET
taxlaw-8367	894	11	principle	principle	NOUN
taxlaw-8367	894	12	in	in	ADP
taxlaw-8367	894	13	some	some	DET
taxlaw-8367	894	14	ways	way	NOUN
taxlaw-8367	894	15	closely	closely	ADV
taxlaw-8367	894	16	aligned	align	VERB
taxlaw-8367	894	17	to	to	ADP
taxlaw-8367	894	18	lal	lal	PROPN
taxlaw-8367	894	19	.	.	PUNCT
taxlaw-8367	895	1	it	it	PRON
taxlaw-8367	895	2	applies	apply	VERB
taxlaw-8367	895	3	to	to	ADP
taxlaw-8367	895	4	“	"	PUNCT
taxlaw-8367	895	5	excess	excess	ADJ
taxlaw-8367	895	6	nonrecourse	nonrecourse	NOUN
taxlaw-8367	895	7	liabilities	liability	NOUN
taxlaw-8367	895	8	,	,	PUNCT
taxlaw-8367	895	9	”	"	PUNCT
taxlaw-8367	895	10	defined	define	VERB
taxlaw-8367	895	11	as	as	ADP
taxlaw-8367	895	12	nonrecourse	nonrecourse	ADJ
taxlaw-8367	895	13	liabilities	liability	NOUN
taxlaw-8367	895	14	not	not	PART
taxlaw-8367	895	15	covered	cover	VERB
taxlaw-8367	895	16	under	under	ADP
taxlaw-8367	895	17	the	the	DET
taxlaw-8367	895	18	first	first	ADJ
taxlaw-8367	895	19	or	or	CCONJ
taxlaw-8367	895	20	second	second	ADJ
taxlaw-8367	895	21	tier.167	tier.167	ADJ
taxlaw-8367	895	22	excess	excess	ADJ
taxlaw-8367	895	23	nonrecourse	nonrecourse	NOUN
taxlaw-8367	895	24	liabilities	liability	NOUN
taxlaw-8367	895	25	are	be	AUX
taxlaw-8367	895	26	allocated	allocate	VERB
taxlaw-8367	895	27	among	among	ADP
taxlaw-8367	895	28	the	the	DET
taxlaw-8367	895	29	partners	partner	NOUN
taxlaw-8367	895	30	in	in	ADP
taxlaw-8367	895	31	proportion	proportion	NOUN
taxlaw-8367	895	32	to	to	ADP
taxlaw-8367	895	33	the	the	DET
taxlaw-8367	895	34	partners	partner	NOUN
taxlaw-8367	895	35	’	'	PUNCT
taxlaw-8367	895	36	shares	share	NOUN
taxlaw-8367	895	37	of	of	ADP
taxlaw-8367	895	38	partnership	partnership	NOUN
taxlaw-8367	895	39	profits	profit	NOUN
taxlaw-8367	895	40	(	(	PUNCT
taxlaw-8367	895	41	the	the	DET
taxlaw-8367	895	42	“	"	PUNCT
taxlaw-8367	895	43	partnership	partnership	NOUN
taxlaw-8367	895	44	profits	profit	NOUN
taxlaw-8367	895	45	rule	rule	NOUN
taxlaw-8367	895	46	”	"	PUNCT
taxlaw-8367	895	47	or	or	CCONJ
taxlaw-8367	895	48	ppr).168	ppr).168	NOUN
taxlaw-8367	895	49	notably	notably	ADV
taxlaw-8367	895	50	,	,	PUNCT
taxlaw-8367	895	51	the	the	DET
taxlaw-8367	895	52	ppr	ppr	NOUN
taxlaw-8367	895	53	will	will	AUX
taxlaw-8367	895	54	often	often	ADV
taxlaw-8367	895	55	end	end	VERB
taxlaw-8367	895	56	up	up	ADP
taxlaw-8367	895	57	allocating	allocate	VERB
taxlaw-8367	895	58	basis	basis	NOUN
taxlaw-8367	895	59	credit	credit	NOUN
taxlaw-8367	895	60	in	in	ADP
taxlaw-8367	895	61	accordance	accordance	NOUN
taxlaw-8367	895	62	with	with	ADP
taxlaw-8367	895	63	who	who	PRON
taxlaw-8367	895	64	bears	bear	VERB
taxlaw-8367	895	65	the	the	DET
taxlaw-8367	895	66	economic	economic	ADJ
taxlaw-8367	895	67	burden	burden	NOUN
taxlaw-8367	895	68	of	of	ADP
taxlaw-8367	895	69	the	the	DET
taxlaw-8367	895	70	interest	interest	NOUN
taxlaw-8367	895	71	payments	payment	NOUN
taxlaw-8367	895	72	.	.	PUNCT
taxlaw-8367	896	1	the	the	DET
taxlaw-8367	896	2	basic	basic	ADJ
taxlaw-8367	896	3	ppr	ppr	NOUN
taxlaw-8367	896	4	provides	provide	VERB
taxlaw-8367	896	5	that	that	SCONJ
taxlaw-8367	896	6	a	a	DET
taxlaw-8367	896	7	partner	partner	NOUN
taxlaw-8367	896	8	’s	’s	PART
taxlaw-8367	896	9	interest	interest	NOUN
taxlaw-8367	896	10	in	in	ADP
taxlaw-8367	896	11	profits	profit	NOUN
taxlaw-8367	896	12	depends	depend	VERB
taxlaw-8367	896	13	on	on	ADP
taxlaw-8367	896	14	all	all	DET
taxlaw-8367	896	15	the	the	DET
taxlaw-8367	896	16	facts	fact	NOUN
taxlaw-8367	896	17	and	and	CCONJ
taxlaw-8367	896	18	circumstances,169	circumstances,169	NOUN
taxlaw-8367	896	19	but	but	CCONJ
taxlaw-8367	896	20	in	in	ADP
taxlaw-8367	896	21	a	a	DET
taxlaw-8367	896	22	simple	simple	ADJ
taxlaw-8367	896	23	partnership	partnership	NOUN
taxlaw-8367	896	24	,	,	PUNCT
taxlaw-8367	896	25	in	in	ADP
taxlaw-8367	896	26	which	which	PRON
taxlaw-8367	896	27	all	all	DET
taxlaw-8367	896	28	items	item	NOUN
taxlaw-8367	896	29	of	of	ADP
taxlaw-8367	896	30	igld	igld	ADJ
taxlaw-8367	896	31	are	be	AUX
taxlaw-8367	896	32	allocated	allocate	VERB
taxlaw-8367	896	33	ratably	ratably	ADV
taxlaw-8367	896	34	based	base	VERB
taxlaw-8367	896	35	on	on	ADP
taxlaw-8367	896	36	capital	capital	NOUN
taxlaw-8367	896	37	invested	invest	VERB
taxlaw-8367	896	38	,	,	PUNCT
taxlaw-8367	896	39	profits	profit	NOUN
taxlaw-8367	896	40	and	and	CCONJ
taxlaw-8367	896	41	interest	interest	NOUN
taxlaw-8367	896	42	expense	expense	NOUN
taxlaw-8367	896	43	will	will	AUX
taxlaw-8367	896	44	mirror	mirror	VERB
taxlaw-8367	896	45	each	each	DET
taxlaw-8367	896	46	other	other	ADJ
taxlaw-8367	896	47	so	so	SCONJ
taxlaw-8367	896	48	that	that	SCONJ
taxlaw-8367	896	49	a	a	DET
taxlaw-8367	896	50	profits	profit	NOUN
taxlaw-8367	896	51	rule	rule	NOUN
taxlaw-8367	896	52	is	be	AUX
taxlaw-8367	896	53	a	a	DET
taxlaw-8367	896	54	perfect	perfect	ADJ
taxlaw-8367	896	55	substitute	substitute	NOUN
taxlaw-8367	896	56	for	for	ADP
taxlaw-8367	896	57	allocation	allocation	NOUN
taxlaw-8367	896	58	by	by	ADP
taxlaw-8367	896	59	who	who	PRON
taxlaw-8367	896	60	economically	economically	ADV
taxlaw-8367	896	61	bears	bear	VERB
taxlaw-8367	896	62	interest	interest	NOUN
taxlaw-8367	896	63	expense	expense	NOUN
taxlaw-8367	896	64	.	.	PUNCT
taxlaw-8367	897	1	even	even	ADV
taxlaw-8367	897	2	in	in	ADP
taxlaw-8367	897	3	a	a	DET
taxlaw-8367	897	4	more	more	ADV
taxlaw-8367	897	5	complicated	complicated	ADJ
taxlaw-8367	897	6	arrangement	arrangement	NOUN
taxlaw-8367	897	7	or	or	CCONJ
taxlaw-8367	897	8	one	one	NUM
taxlaw-8367	897	9	that	that	PRON
taxlaw-8367	897	10	expressly	expressly	ADV
taxlaw-8367	897	11	allocates	allocate	VERB
taxlaw-8367	897	12	interest	interest	NOUN
taxlaw-8367	897	13	deductions	deduction	NOUN
taxlaw-8367	897	14	differently	differently	ADV
taxlaw-8367	897	15	from	from	ADP
taxlaw-8367	897	16	the	the	DET
taxlaw-8367	897	17	allocation	allocation	NOUN
taxlaw-8367	897	18	of	of	ADP
taxlaw-8367	897	19	profits	profit	NOUN
taxlaw-8367	897	20	,	,	PUNCT
taxlaw-8367	897	21	a	a	DET
taxlaw-8367	897	22	basis	basis	NOUN
taxlaw-8367	897	23	rule	rule	NOUN
taxlaw-8367	897	24	tied	tie	VERB
taxlaw-8367	897	25	to	to	ADP
taxlaw-8367	897	26	profits	profit	NOUN
taxlaw-8367	897	27	will	will	AUX
taxlaw-8367	897	28	often	often	ADV
taxlaw-8367	897	29	yield	yield	VERB
taxlaw-8367	897	30	a	a	DET
taxlaw-8367	897	31	reasonable	reasonable	ADJ
taxlaw-8367	897	32	result	result	NOUN
taxlaw-8367	897	33	under	under	ADP
taxlaw-8367	897	34	lal	lal	PROPN
taxlaw-8367	897	35	because	because	SCONJ
taxlaw-8367	897	36	profit	profit	NOUN
taxlaw-8367	897	37	shares	share	NOUN
taxlaw-8367	897	38	tend	tend	VERB
taxlaw-8367	897	39	to	to	PART
taxlaw-8367	897	40	reflect	reflect	VERB
taxlaw-8367	897	41	the	the	DET
taxlaw-8367	897	42	partners	partner	NOUN
taxlaw-8367	897	43	’	'	PUNCT
taxlaw-8367	897	44	real	real	ADJ
taxlaw-8367	897	45	expense	expense	NOUN
taxlaw-8367	897	46	burden	burden	NOUN
taxlaw-8367	897	47	,	,	PUNCT
taxlaw-8367	897	48	including	include	VERB
taxlaw-8367	897	49	interest	interest	NOUN
taxlaw-8367	897	50	expense	expense	NOUN
taxlaw-8367	897	51	.	.	PUNCT
taxlaw-8367	898	1	as	as	ADP
taxlaw-8367	898	2	an	an	DET
taxlaw-8367	898	3	illustration	illustration	NOUN
taxlaw-8367	898	4	,	,	PUNCT
taxlaw-8367	898	5	suppose	suppose	VERB
taxlaw-8367	898	6	xyz	xyz	PRON
taxlaw-8367	898	7	’s	’s	PART
taxlaw-8367	898	8	three	three	NUM
taxlaw-8367	898	9	partners	partner	NOUN
taxlaw-8367	898	10	each	each	PRON
taxlaw-8367	898	11	contribute	contribute	VERB
taxlaw-8367	898	12	$	$	SYM
taxlaw-8367	898	13	100x	100x	NUM
taxlaw-8367	898	14	in	in	ADP
taxlaw-8367	898	15	exchange	exchange	NOUN
taxlaw-8367	898	16	for	for	ADP
taxlaw-8367	898	17	an	an	DET
taxlaw-8367	898	18	interest	interest	NOUN
taxlaw-8367	898	19	in	in	ADP
taxlaw-8367	898	20	the	the	DET
taxlaw-8367	898	21	partnership	partnership	NOUN
taxlaw-8367	898	22	,	,	PUNCT
taxlaw-8367	898	23	and	and	CCONJ
taxlaw-8367	898	24	xyz	xyz	PROPN
taxlaw-8367	898	25	then	then	ADV
taxlaw-8367	898	26	borrows	borrow	VERB
taxlaw-8367	898	27	$	$	SYM
taxlaw-8367	898	28	200x	200x	NUM
taxlaw-8367	898	29	from	from	ADP
taxlaw-8367	898	30	bank	bank	NOUN
taxlaw-8367	898	31	on	on	ADP
taxlaw-8367	898	32	a	a	DET
taxlaw-8367	898	33	nonrecourse	nonrecourse	ADJ
taxlaw-8367	898	34	basis	basis	NOUN
taxlaw-8367	898	35	,	,	PUNCT
taxlaw-8367	898	36	using	use	VERB
taxlaw-8367	898	37	the	the	DET
taxlaw-8367	898	38	property	property	NOUN
taxlaw-8367	898	39	purchased	purchase	VERB
taxlaw-8367	898	40	with	with	ADP
taxlaw-8367	898	41	the	the	DET
taxlaw-8367	898	42	loan	loan	NOUN
taxlaw-8367	898	43	as	as	ADP
taxlaw-8367	898	44	security	security	NOUN
taxlaw-8367	898	45	for	for	ADP
taxlaw-8367	898	46	it	it	PRON
taxlaw-8367	898	47	.	.	PUNCT
taxlaw-8367	899	1	suppose	suppose	VERB
taxlaw-8367	899	2	further	far	ADV
taxlaw-8367	899	3	that	that	SCONJ
taxlaw-8367	899	4	the	the	DET
taxlaw-8367	899	5	xyz	xyz	PROPN
taxlaw-8367	899	6	partnership	partnership	PROPN
taxlaw-8367	899	7	agreement	agreement	NOUN
taxlaw-8367	899	8	validly	validly	ADV
taxlaw-8367	899	9	assigns	assign	VERB
taxlaw-8367	899	10	all	all	DET
taxlaw-8367	899	11	interest	interest	NOUN
taxlaw-8367	899	12	deductions	deduction	NOUN
taxlaw-8367	899	13	to	to	ADP
taxlaw-8367	899	14	z	z	PROPN
taxlaw-8367	899	15	and	and	CCONJ
taxlaw-8367	899	16	otherwise	otherwise	ADV
taxlaw-8367	899	17	complies	comply	VERB
taxlaw-8367	899	18	with	with	ADP
taxlaw-8367	899	19	the	the	DET
taxlaw-8367	899	20	rules	rule	NOUN
taxlaw-8367	899	21	for	for	ADP
taxlaw-8367	899	22	substantial	substantial	ADJ
taxlaw-8367	899	23	economic	economic	ADJ
taxlaw-8367	899	24	effect	effect	NOUN
taxlaw-8367	899	25	.	.	PUNCT
taxlaw-8367	900	1	170	170	NUM
taxlaw-8367	900	2	if	if	SCONJ
taxlaw-8367	900	3	the	the	DET
taxlaw-8367	900	4	partners	partner	NOUN
taxlaw-8367	900	5	are	be	AUX
taxlaw-8367	900	6	dealing	deal	VERB
taxlaw-8367	900	7	with	with	ADP
taxlaw-8367	900	8	each	each	DET
taxlaw-8367	900	9	other	other	ADJ
taxlaw-8367	900	10	at	at	ADP
taxlaw-8367	900	11	arm	arm	NOUN
taxlaw-8367	900	12	’s	’s	PART
taxlaw-8367	900	13	length	length	NOUN
taxlaw-8367	900	14	,	,	PUNCT
taxlaw-8367	900	15	the	the	DET
taxlaw-8367	900	16	overall	overall	ADJ
taxlaw-8367	900	17	computation	computation	NOUN
taxlaw-8367	900	18	of	of	ADP
taxlaw-8367	900	19	profits	profit	NOUN
taxlaw-8367	900	20	should	should	AUX
taxlaw-8367	900	21	nevertheless	nevertheless	ADV
taxlaw-8367	900	22	account	account	VERB
taxlaw-8367	900	23	for	for	ADP
taxlaw-8367	900	24	the	the	DET
taxlaw-8367	900	25	net	net	ADJ
taxlaw-8367	900	26	costs	cost	NOUN
taxlaw-8367	900	27	of	of	ADP
taxlaw-8367	900	28	each	each	DET
taxlaw-8367	900	29	partner	partner	NOUN
taxlaw-8367	900	30	,	,	PUNCT
taxlaw-8367	900	31	so	so	SCONJ
taxlaw-8367	900	32	that	that	SCONJ
taxlaw-8367	900	33	in	in	ADP
taxlaw-8367	900	34	substance	substance	NOUN
taxlaw-8367	900	35	,	,	PUNCT
taxlaw-8367	900	36	the	the	DET
taxlaw-8367	900	37	partners	partner	NOUN
taxlaw-8367	900	38	share	share	VERB
taxlaw-8367	900	39	interest	interest	NOUN
taxlaw-8367	900	40	expense	expense	NOUN
taxlaw-8367	900	41	in	in	ADP
taxlaw-8367	900	42	proportion	proportion	NOUN
taxlaw-8367	900	43	to	to	ADP
taxlaw-8367	900	44	profit	profit	NOUN
taxlaw-8367	900	45	shares	share	NOUN
taxlaw-8367	900	46	,	,	PUNCT
taxlaw-8367	900	47	even	even	ADV
taxlaw-8367	900	48	though	though	SCONJ
taxlaw-8367	900	49	as	as	SCONJ
taxlaw-8367	900	50	a	a	DET
taxlaw-8367	900	51	matter	matter	NOUN
taxlaw-8367	900	52	of	of	ADP
taxlaw-8367	900	53	partnership	partnership	NOUN
taxlaw-8367	900	54	accounting	account	VERB
taxlaw-8367	900	55	the	the	DET
taxlaw-8367	900	56	interest	interest	NOUN
taxlaw-8367	900	57	is	be	AUX
taxlaw-8367	900	58	“	"	PUNCT
taxlaw-8367	900	59	paid	pay	VERB
taxlaw-8367	900	60	”	"	PUNCT
taxlaw-8367	900	61	by	by	ADP
taxlaw-8367	900	62	z.	z.	PROPN
taxlaw-8367	900	63	beyond	beyond	ADP
taxlaw-8367	900	64	a	a	DET
taxlaw-8367	900	65	general	general	ADJ
taxlaw-8367	900	66	rule	rule	NOUN
taxlaw-8367	900	67	of	of	ADP
taxlaw-8367	900	68	assigning	assign	VERB
taxlaw-8367	900	69	basis	basis	NOUN
taxlaw-8367	900	70	credit	credit	NOUN
taxlaw-8367	900	71	by	by	ADP
taxlaw-8367	900	72	profit	profit	NOUN
taxlaw-8367	900	73	shares	share	NOUN
taxlaw-8367	900	74	under	under	ADP
taxlaw-8367	900	75	all	all	PRON
taxlaw-8367	900	76	of	of	ADP
taxlaw-8367	900	77	the	the	DET
taxlaw-8367	900	78	facts	fact	NOUN
taxlaw-8367	900	79	and	and	CCONJ
taxlaw-8367	900	80	circumstances	circumstance	NOUN
taxlaw-8367	900	81	,	,	PUNCT
taxlaw-8367	900	82	the	the	DET
taxlaw-8367	900	83	ppr	ppr	NOUN
taxlaw-8367	900	84	contains	contain	VERB
taxlaw-8367	900	85	three	three	NUM
taxlaw-8367	900	86	safe	safe	ADJ
taxlaw-8367	900	87	harbors	harbor	NOUN
taxlaw-8367	900	88	that	that	PRON
taxlaw-8367	900	89	deem	deem	VERB
taxlaw-8367	900	90	an	an	DET
taxlaw-8367	900	91	assignment	assignment	NOUN
taxlaw-8367	900	92	to	to	PART
taxlaw-8367	900	93	be	be	AUX
taxlaw-8367	900	94	in	in	ADP
taxlaw-8367	900	95	accordance	accordance	NOUN
taxlaw-8367	900	96	with	with	ADP
taxlaw-8367	900	97	the	the	DET
taxlaw-8367	900	98	rule	rule	NOUN
taxlaw-8367	900	99	.	.	PUNCT
taxlaw-8367	901	1	assignments	assignment	NOUN
taxlaw-8367	901	2	under	under	ADP
taxlaw-8367	901	3	the	the	DET
taxlaw-8367	901	4	first	first	ADJ
taxlaw-8367	901	5	safe	safe	ADJ
taxlaw-8367	901	6	harbor	harbor	NOUN
taxlaw-8367	901	7	may	may	AUX
taxlaw-8367	901	8	tend	tend	VERB
taxlaw-8367	901	9	to	to	PART
taxlaw-8367	901	10	result	result	VERB
taxlaw-8367	901	11	in	in	ADP
taxlaw-8367	901	12	allocations	allocation	NOUN
taxlaw-8367	901	13	that	that	PRON
taxlaw-8367	901	14	are	be	AUX
taxlaw-8367	901	15	the	the	DET
taxlaw-8367	901	16	same	same	ADJ
taxlaw-8367	901	17	as	as	ADP
taxlaw-8367	901	18	,	,	PUNCT
taxlaw-8367	901	19	or	or	CCONJ
taxlaw-8367	901	20	reasonably	reasonably	ADV
taxlaw-8367	901	21	close	close	ADJ
taxlaw-8367	901	22	to	to	ADP
taxlaw-8367	901	23	,	,	PUNCT
taxlaw-8367	901	24	an	an	DET
taxlaw-8367	901	25	explicit	explicit	ADJ
taxlaw-8367	901	26	allocation	allocation	NOUN
taxlaw-8367	901	27	of	of	ADP
taxlaw-8367	901	28	basis	basis	NOUN
taxlaw-8367	901	29	in	in	ADP
taxlaw-8367	901	30	accordance	accordance	NOUN
taxlaw-8367	901	31	with	with	ADP
taxlaw-8367	901	32	lal	lal	PROPN
taxlaw-8367	901	33	,	,	PUNCT
taxlaw-8367	901	34	but	but	CCONJ
taxlaw-8367	901	35	allocations	allocation	NOUN
taxlaw-8367	901	36	under	under	ADP
taxlaw-8367	901	37	the	the	DET
taxlaw-8367	901	38	second	second	ADJ
taxlaw-8367	901	39	and	and	CCONJ
taxlaw-8367	901	40	third	third	ADJ
taxlaw-8367	901	41	will	will	AUX
taxlaw-8367	901	42	not.171	not.171	VERB
taxlaw-8367	901	43	under	under	ADP
taxlaw-8367	901	44	the	the	DET
taxlaw-8367	901	45	164	164	NUM
taxlaw-8367	901	46	see	see	NOUN
taxlaw-8367	901	47	,	,	PUNCT
taxlaw-8367	901	48	e.g.	e.g.	ADV
taxlaw-8367	901	49	,	,	PUNCT
taxlaw-8367	901	50	crane	crane	NOUN
taxlaw-8367	901	51	v.	v.	ADP
taxlaw-8367	901	52	comm’r	comm’r	NOUN
taxlaw-8367	901	53	,	,	PUNCT
taxlaw-8367	901	54	331	331	NUM
taxlaw-8367	901	55	u.s	u.s	PROPN
taxlaw-8367	901	56	.	.	PROPN
taxlaw-8367	901	57	1	1	NUM
taxlaw-8367	901	58	(	(	PUNCT
taxlaw-8367	901	59	1947	1947	NUM
taxlaw-8367	901	60	)	)	PUNCT
taxlaw-8367	901	61	.	.	PUNCT
taxlaw-8367	902	1	(	(	PUNCT
taxlaw-8367	902	2	nonrecourse	nonrecourse	NOUN
taxlaw-8367	902	3	debt	debt	NOUN
taxlaw-8367	902	4	provides	provide	VERB
taxlaw-8367	902	5	basis	basis	NOUN
taxlaw-8367	902	6	to	to	ADP
taxlaw-8367	902	7	borrower	borrower	NOUN
taxlaw-8367	902	8	)	)	PUNCT
taxlaw-8367	902	9	;	;	PUNCT
taxlaw-8367	903	1	tufts	tuft	NOUN
taxlaw-8367	903	2	,	,	PUNCT
taxlaw-8367	903	3	461	461	NUM
taxlaw-8367	903	4	u.s	u.s	PROPN
taxlaw-8367	903	5	.	.	PROPN
taxlaw-8367	903	6	300	300	NUM
taxlaw-8367	903	7	(	(	PUNCT
taxlaw-8367	903	8	1983	1983	NUM
taxlaw-8367	903	9	)	)	PUNCT
taxlaw-8367	903	10	(	(	PUNCT
taxlaw-8367	903	11	same	same	ADJ
taxlaw-8367	903	12	under	under	ADP
taxlaw-8367	903	13	the	the	DET
taxlaw-8367	903	14	tbr	tbr	NOUN
taxlaw-8367	903	15	rationale	rationale	NOUN
taxlaw-8367	903	16	)	)	PUNCT
taxlaw-8367	903	17	;	;	PUNCT
taxlaw-8367	903	18	woodsam	woodsam	PROPN
taxlaw-8367	903	19	assoc	assoc	PROPN
taxlaw-8367	903	20	.	.	PROPN
taxlaw-8367	903	21	,	,	PUNCT
taxlaw-8367	903	22	inc	inc	PROPN
taxlaw-8367	903	23	.	.	PROPN
taxlaw-8367	904	1	v.	v.	ADP
taxlaw-8367	904	2	comm’r	comm’r	NOUN
taxlaw-8367	904	3	,	,	PUNCT
taxlaw-8367	904	4	198	198	NUM
taxlaw-8367	904	5	f.2d	f.2d	ADP
taxlaw-8367	904	6	357	357	NUM
taxlaw-8367	904	7	(	(	PUNCT
taxlaw-8367	904	8	2nd	2nd	ADJ
taxlaw-8367	904	9	cir	cir	NOUN
taxlaw-8367	904	10	.	.	PROPN
taxlaw-8367	904	11	1952	1952	NUM
taxlaw-8367	904	12	)	)	PUNCT
taxlaw-8367	905	1	(	(	PUNCT
taxlaw-8367	905	2	extension	extension	NOUN
taxlaw-8367	905	3	of	of	ADP
taxlaw-8367	905	4	nonrecourse	nonrecourse	NOUN
taxlaw-8367	905	5	debt	debt	NOUN
taxlaw-8367	905	6	not	not	PART
taxlaw-8367	905	7	treated	treat	VERB
taxlaw-8367	905	8	as	as	ADP
taxlaw-8367	905	9	a	a	DET
taxlaw-8367	905	10	sale	sale	NOUN
taxlaw-8367	905	11	)	)	PUNCT
taxlaw-8367	905	12	;	;	PUNCT
taxlaw-8367	906	1	treas	treas	PROPN
taxlaw-8367	906	2	.	.	PUNCT
taxlaw-8367	907	1	reg	reg	PROPN
taxlaw-8367	907	2	.	.	PUNCT
taxlaw-8367	908	1	§	§	PROPN
taxlaw-8367	908	2	1.1012–1(g)(1	1.1012–1(g)(1	NUM
taxlaw-8367	908	3	)	)	PUNCT
taxlaw-8367	908	4	(	(	PUNCT
taxlaw-8367	908	5	cost	cost	NOUN
taxlaw-8367	908	6	of	of	ADP
taxlaw-8367	908	7	property	property	NOUN
taxlaw-8367	908	8	includes	include	VERB
taxlaw-8367	908	9	issue	issue	NOUN
taxlaw-8367	908	10	price	price	NOUN
taxlaw-8367	908	11	of	of	ADP
taxlaw-8367	908	12	debt	debt	NOUN
taxlaw-8367	908	13	instrument	instrument	NOUN
taxlaw-8367	908	14	exchanged	exchange	VERB
taxlaw-8367	908	15	therefor	therefor	ADV
taxlaw-8367	908	16	)	)	PUNCT
taxlaw-8367	908	17	.	.	PUNCT
taxlaw-8367	909	1	165	165	NUM
taxlaw-8367	909	2	treas	trea	NOUN
taxlaw-8367	909	3	.	.	PUNCT
taxlaw-8367	910	1	reg	reg	PROPN
taxlaw-8367	910	2	.	.	PUNCT
taxlaw-8367	911	1	§	§	PROPN
taxlaw-8367	911	2	1.752–3	1.752–3	NUM
taxlaw-8367	911	3	.	.	PUNCT
taxlaw-8367	912	1	166	166	NUM
taxlaw-8367	912	2	treas	trea	NOUN
taxlaw-8367	912	3	.	.	PUNCT
taxlaw-8367	913	1	reg	reg	PROPN
taxlaw-8367	913	2	.	.	PUNCT
taxlaw-8367	914	1	§	§	PROPN
taxlaw-8367	914	2	1.752–3(a	1.752–3(a	NUM
taxlaw-8367	914	3	)	)	PUNCT
taxlaw-8367	914	4	.	.	PUNCT
taxlaw-8367	915	1	167	167	NUM
taxlaw-8367	916	1	i	i	PRON
taxlaw-8367	916	2	d.	d.	PROPN
taxlaw-8367	916	3	168	168	NUM
taxlaw-8367	917	1	i	i	PRON
taxlaw-8367	917	2	d.	d.	PROPN
taxlaw-8367	917	3	169	169	NUM
taxlaw-8367	918	1	i	i	PRON
taxlaw-8367	918	2	d.	d.	PROPN
taxlaw-8367	918	3	170	170	NUM
taxlaw-8367	918	4	treas	treas	PROPN
taxlaw-8367	918	5	.	.	PUNCT
taxlaw-8367	919	1	reg	reg	PROPN
taxlaw-8367	919	2	.	.	PUNCT
taxlaw-8367	920	1	§	§	PROPN
taxlaw-8367	920	2	1.704–1(b)(2	1.704–1(b)(2	NUM
taxlaw-8367	920	3	)	)	PUNCT
taxlaw-8367	920	4	.	.	PUNCT
taxlaw-8367	921	1	171	171	NUM
taxlaw-8367	921	2	treas	trea	NOUN
taxlaw-8367	921	3	.	.	PUNCT
taxlaw-8367	922	1	reg	reg	PROPN
taxlaw-8367	922	2	.	.	PUNCT
taxlaw-8367	923	1	§	§	PROPN
taxlaw-8367	923	2	1.752–3(a)(3	1.752–3(a)(3	NUM
taxlaw-8367	923	3	)	)	PUNCT
taxlaw-8367	923	4	.	.	PUNCT
taxlaw-8367	924	1	122	122	NUM
taxlaw-8367	924	2	columbia	columbia	PROPN
taxlaw-8367	924	3	journal	journal	PROPN
taxlaw-8367	924	4	of	of	ADP
taxlaw-8367	924	5	tax	tax	NOUN
taxlaw-8367	924	6	law	law	NOUN
taxlaw-8367	924	7	[	[	X
taxlaw-8367	924	8	vol	vol	NOUN
taxlaw-8367	924	9	.	.	PUNCT
taxlaw-8367	925	1	12:89	12:89	NUM
taxlaw-8367	925	2	first	first	ADJ
taxlaw-8367	925	3	,	,	PUNCT
taxlaw-8367	925	4	nonrecourse	nonrecourse	NOUN
taxlaw-8367	925	5	debt	debt	NOUN
taxlaw-8367	925	6	basis	basis	NOUN
taxlaw-8367	925	7	allocations	allocation	NOUN
taxlaw-8367	925	8	that	that	PRON
taxlaw-8367	925	9	track	track	VERB
taxlaw-8367	925	10	allocations	allocation	NOUN
taxlaw-8367	925	11	of	of	ADP
taxlaw-8367	925	12	partnership	partnership	NOUN
taxlaw-8367	925	13	income	income	NOUN
taxlaw-8367	925	14	or	or	CCONJ
taxlaw-8367	925	15	gain	gain	VERB
taxlaw-8367	925	16	that	that	PRON
taxlaw-8367	925	17	themselves	themselves	PRON
taxlaw-8367	925	18	have	have	VERB
taxlaw-8367	925	19	substantial	substantial	ADJ
taxlaw-8367	925	20	economic	economic	ADJ
taxlaw-8367	925	21	effect	effect	NOUN
taxlaw-8367	925	22	will	will	AUX
taxlaw-8367	925	23	be	be	AUX
taxlaw-8367	925	24	respected	respect	VERB
taxlaw-8367	925	25	.	.	PUNCT
taxlaw-8367	926	1	suppose	suppose	VERB
taxlaw-8367	926	2	that	that	SCONJ
taxlaw-8367	926	3	the	the	DET
taxlaw-8367	926	4	prs	prs	NOUN
taxlaw-8367	926	5	operating	operating	NOUN
taxlaw-8367	926	6	agreement	agreement	NOUN
taxlaw-8367	926	7	validly	validly	ADV
taxlaw-8367	926	8	allocates	allocate	VERB
taxlaw-8367	926	9	all	all	DET
taxlaw-8367	926	10	items	item	NOUN
taxlaw-8367	926	11	of	of	ADP
taxlaw-8367	926	12	prs	prs	NOUN
taxlaw-8367	926	13	’s	’s	PART
taxlaw-8367	926	14	igld	igld	ADJ
taxlaw-8367	926	15	in	in	ADP
taxlaw-8367	926	16	respect	respect	NOUN
taxlaw-8367	926	17	of	of	ADP
taxlaw-8367	926	18	asset	asset	NOUN
taxlaw-8367	926	19	1	1	NUM
taxlaw-8367	926	20	to	to	ADP
taxlaw-8367	926	21	p.	p.	NOUN
taxlaw-8367	926	22	suppose	suppose	VERB
taxlaw-8367	926	23	further	far	ADV
taxlaw-8367	926	24	that	that	DET
taxlaw-8367	926	25	prs	prs	NOUN
taxlaw-8367	926	26	initially	initially	ADV
taxlaw-8367	926	27	financed	finance	VERB
taxlaw-8367	926	28	asset	asset	NOUN
taxlaw-8367	926	29	1	1	NUM
taxlaw-8367	926	30	with	with	ADP
taxlaw-8367	926	31	partnership	partnership	NOUN
taxlaw-8367	926	32	capital	capital	NOUN
taxlaw-8367	926	33	but	but	CCONJ
taxlaw-8367	926	34	later	later	ADV
taxlaw-8367	926	35	pledged	pledge	VERB
taxlaw-8367	926	36	asset	asset	NOUN
taxlaw-8367	926	37	1	1	NUM
taxlaw-8367	926	38	as	as	ADP
taxlaw-8367	926	39	security	security	NOUN
taxlaw-8367	926	40	for	for	ADP
taxlaw-8367	926	41	nonrecourse	nonrecourse	NOUN
taxlaw-8367	926	42	debt	debt	NOUN
taxlaw-8367	926	43	.	.	PUNCT
taxlaw-8367	927	1	prs	prs	PROPN
taxlaw-8367	927	2	’s	’s	PART
taxlaw-8367	927	3	operating	operating	NOUN
taxlaw-8367	927	4	agreement	agreement	NOUN
taxlaw-8367	927	5	could	could	AUX
taxlaw-8367	927	6	validly	validly	ADV
taxlaw-8367	927	7	allocate	allocate	VERB
taxlaw-8367	927	8	the	the	DET
taxlaw-8367	927	9	basis	basis	NOUN
taxlaw-8367	927	10	credit	credit	NOUN
taxlaw-8367	927	11	for	for	ADP
taxlaw-8367	927	12	the	the	DET
taxlaw-8367	927	13	loan	loan	NOUN
taxlaw-8367	927	14	solely	solely	ADV
taxlaw-8367	927	15	to	to	AUX
taxlaw-8367	927	16	p.	p.	NOUN
taxlaw-8367	927	17	this	this	DET
taxlaw-8367	927	18	allocation	allocation	NOUN
taxlaw-8367	927	19	would	would	AUX
taxlaw-8367	927	20	comport	comport	VERB
taxlaw-8367	927	21	with	with	ADP
taxlaw-8367	927	22	lal	lal	PROPN
taxlaw-8367	927	23	because	because	SCONJ
taxlaw-8367	927	24	p	p	PROPN
taxlaw-8367	927	25	would	would	AUX
taxlaw-8367	927	26	bear	bear	VERB
taxlaw-8367	927	27	the	the	DET
taxlaw-8367	927	28	burden	burden	NOUN
taxlaw-8367	927	29	of	of	ADP
taxlaw-8367	927	30	the	the	DET
taxlaw-8367	927	31	interest	interest	NOUN
taxlaw-8367	927	32	expense	expense	NOUN
taxlaw-8367	927	33	as	as	ADP
taxlaw-8367	927	34	an	an	DET
taxlaw-8367	927	35	item	item	NOUN
taxlaw-8367	927	36	of	of	ADP
taxlaw-8367	927	37	deduction	deduction	NOUN
taxlaw-8367	927	38	already	already	ADV
taxlaw-8367	927	39	allocated	allocate	VERB
taxlaw-8367	927	40	to	to	ADP
taxlaw-8367	927	41	p.	p.	NOUN
taxlaw-8367	927	42	the	the	DET
taxlaw-8367	927	43	remaining	remain	VERB
taxlaw-8367	927	44	safe	safe	ADJ
taxlaw-8367	927	45	harbors	harbor	NOUN
taxlaw-8367	927	46	under	under	ADP
taxlaw-8367	927	47	the	the	DET
taxlaw-8367	927	48	ppr	ppr	NOUN
taxlaw-8367	927	49	are	be	AUX
taxlaw-8367	927	50	less	less	ADV
taxlaw-8367	927	51	consistent	consistent	ADJ
taxlaw-8367	927	52	with	with	ADP
taxlaw-8367	927	53	lal	lal	PROPN
taxlaw-8367	927	54	.	.	PUNCT
taxlaw-8367	928	1	a	a	DET
taxlaw-8367	928	2	detailed	detailed	ADJ
taxlaw-8367	928	3	analysis	analysis	NOUN
taxlaw-8367	928	4	of	of	ADP
taxlaw-8367	928	5	them	they	PRON
taxlaw-8367	928	6	would	would	AUX
taxlaw-8367	928	7	involve	involve	VERB
taxlaw-8367	928	8	an	an	DET
taxlaw-8367	928	9	excursion	excursion	NOUN
taxlaw-8367	928	10	into	into	ADP
taxlaw-8367	928	11	the	the	DET
taxlaw-8367	928	12	arcana	arcana	NOUN
taxlaw-8367	928	13	of	of	ADP
taxlaw-8367	928	14	partnership	partnership	NOUN
taxlaw-8367	928	15	tax	tax	NOUN
taxlaw-8367	928	16	,	,	PUNCT
taxlaw-8367	928	17	but	but	CCONJ
taxlaw-8367	928	18	it	it	PRON
taxlaw-8367	928	19	suffices	suffice	VERB
taxlaw-8367	928	20	to	to	PART
taxlaw-8367	928	21	note	note	VERB
taxlaw-8367	928	22	that	that	SCONJ
taxlaw-8367	928	23	the	the	DET
taxlaw-8367	928	24	second	second	ADJ
taxlaw-8367	928	25	and	and	CCONJ
taxlaw-8367	928	26	third	third	ADJ
taxlaw-8367	928	27	safe	safe	ADJ
taxlaw-8367	928	28	harbors	harbor	NOUN
taxlaw-8367	928	29	tend	tend	VERB
taxlaw-8367	928	30	to	to	PART
taxlaw-8367	928	31	produce	produce	VERB
taxlaw-8367	928	32	allocations	allocation	NOUN
taxlaw-8367	928	33	that	that	PRON
taxlaw-8367	928	34	mimic	mimic	VERB
taxlaw-8367	928	35	the	the	DET
taxlaw-8367	928	36	erl	erl	PROPN
taxlaw-8367	928	37	rules	rule	NOUN
taxlaw-8367	928	38	to	to	ADP
taxlaw-8367	928	39	some	some	DET
taxlaw-8367	928	40	extent	extent	NOUN
taxlaw-8367	928	41	and	and	CCONJ
taxlaw-8367	928	42	therefore	therefore	ADV
taxlaw-8367	928	43	are	be	AUX
taxlaw-8367	928	44	problematic	problematic	ADJ
taxlaw-8367	928	45	for	for	ADP
taxlaw-8367	928	46	the	the	DET
taxlaw-8367	928	47	same	same	ADJ
taxlaw-8367	928	48	reasons.172	reasons.172	NOUN
taxlaw-8367	928	49	c.	c.	PROPN
taxlaw-8367	928	50	partnership	partnership	NOUN
taxlaw-8367	928	51	borrowing	borrow	VERB
taxlaw-8367	928	52	under	under	ADP
taxlaw-8367	928	53	lal	lal	PROPN
taxlaw-8367	928	54	for	for	ADP
taxlaw-8367	928	55	the	the	DET
taxlaw-8367	928	56	reasons	reason	NOUN
taxlaw-8367	928	57	developed	develop	VERB
taxlaw-8367	928	58	in	in	ADP
taxlaw-8367	928	59	part	part	PROPN
taxlaw-8367	928	60	iii	iii	NOUN
taxlaw-8367	928	61	,	,	PUNCT
taxlaw-8367	928	62	the	the	DET
taxlaw-8367	928	63	identity	identity	NOUN
taxlaw-8367	928	64	of	of	ADP
taxlaw-8367	928	65	the	the	DET
taxlaw-8367	928	66	bearer	bearer	NOUN
taxlaw-8367	928	67	of	of	ADP
taxlaw-8367	928	68	risk	risk	NOUN
taxlaw-8367	928	69	of	of	ADP
taxlaw-8367	928	70	loss	loss	NOUN
taxlaw-8367	928	71	under	under	ADP
taxlaw-8367	928	72	the	the	DET
taxlaw-8367	928	73	loan	loan	NOUN
taxlaw-8367	928	74	should	should	AUX
taxlaw-8367	928	75	not	not	PART
taxlaw-8367	928	76	be	be	AUX
taxlaw-8367	928	77	relevant	relevant	ADJ
taxlaw-8367	928	78	to	to	ADP
taxlaw-8367	928	79	the	the	DET
taxlaw-8367	928	80	question	question	NOUN
taxlaw-8367	928	81	of	of	ADP
taxlaw-8367	928	82	who	who	PRON
taxlaw-8367	928	83	gets	get	VERB
taxlaw-8367	928	84	basis	basis	NOUN
taxlaw-8367	928	85	credit	credit	NOUN
taxlaw-8367	928	86	.	.	PUNCT
taxlaw-8367	929	1	because	because	SCONJ
taxlaw-8367	929	2	a	a	DET
taxlaw-8367	929	3	loan	loan	NOUN
taxlaw-8367	929	4	is	be	AUX
taxlaw-8367	929	5	fundamentally	fundamentally	ADV
taxlaw-8367	929	6	an	an	DET
taxlaw-8367	929	7	exchange	exchange	NOUN
taxlaw-8367	929	8	of	of	ADP
taxlaw-8367	929	9	interest	interest	NOUN
taxlaw-8367	929	10	for	for	ADP
taxlaw-8367	929	11	the	the	DET
taxlaw-8367	929	12	use	use	NOUN
taxlaw-8367	929	13	of	of	ADP
taxlaw-8367	929	14	funds	fund	NOUN
taxlaw-8367	929	15	and	and	CCONJ
taxlaw-8367	929	16	,	,	PUNCT
taxlaw-8367	929	17	in	in	ADP
taxlaw-8367	929	18	most	most	ADJ
taxlaw-8367	929	19	cases	case	NOUN
taxlaw-8367	929	20	,	,	PUNCT
taxlaw-8367	929	21	an	an	DET
taxlaw-8367	929	22	additional	additional	ADJ
taxlaw-8367	929	23	payment	payment	NOUN
taxlaw-8367	929	24	for	for	ADP
taxlaw-8367	929	25	insurance	insurance	NOUN
taxlaw-8367	929	26	,	,	PUNCT
taxlaw-8367	929	27	the	the	DET
taxlaw-8367	929	28	person	person	NOUN
taxlaw-8367	929	29	who	who	PRON
taxlaw-8367	929	30	economically	economically	ADV
taxlaw-8367	929	31	bears	bear	VERB
taxlaw-8367	929	32	the	the	DET
taxlaw-8367	929	33	interest	interest	NOUN
taxlaw-8367	929	34	and	and	CCONJ
taxlaw-8367	929	35	insurance	insurance	NOUN
taxlaw-8367	929	36	cost	cost	NOUN
taxlaw-8367	929	37	should	should	AUX
taxlaw-8367	929	38	get	get	VERB
taxlaw-8367	929	39	basis	basis	NOUN
taxlaw-8367	929	40	credit	credit	NOUN
taxlaw-8367	929	41	,	,	PUNCT
taxlaw-8367	929	42	regardless	regardless	ADV
taxlaw-8367	929	43	of	of	ADP
taxlaw-8367	929	44	whose	whose	DET
taxlaw-8367	929	45	liability	liability	NOUN
taxlaw-8367	929	46	is	be	AUX
taxlaw-8367	929	47	discharged	discharge	VERB
taxlaw-8367	929	48	on	on	ADP
taxlaw-8367	929	49	nonpayment	nonpayment	NOUN
taxlaw-8367	929	50	.	.	PUNCT
taxlaw-8367	930	1	by	by	ADP
taxlaw-8367	930	2	contrast	contrast	NOUN
taxlaw-8367	930	3	,	,	PUNCT
taxlaw-8367	930	4	the	the	DET
taxlaw-8367	930	5	existing	exist	VERB
taxlaw-8367	930	6	partnership	partnership	NOUN
taxlaw-8367	930	7	tax	tax	NOUN
taxlaw-8367	930	8	rules	rule	NOUN
taxlaw-8367	930	9	depend	depend	VERB
taxlaw-8367	930	10	critically	critically	ADV
taxlaw-8367	930	11	on	on	ADP
taxlaw-8367	930	12	the	the	DET
taxlaw-8367	930	13	threshold	threshold	NOUN
taxlaw-8367	930	14	determination	determination	NOUN
taxlaw-8367	930	15	of	of	ADP
taxlaw-8367	930	16	whether	whether	SCONJ
taxlaw-8367	930	17	the	the	DET
taxlaw-8367	930	18	loan	loan	NOUN
taxlaw-8367	930	19	is	be	AUX
taxlaw-8367	930	20	recourse	recourse	NOUN
taxlaw-8367	930	21	or	or	CCONJ
taxlaw-8367	930	22	not	not	PART
taxlaw-8367	930	23	to	to	ADP
taxlaw-8367	930	24	the	the	DET
taxlaw-8367	930	25	partnership	partnership	NOUN
taxlaw-8367	930	26	.	.	PUNCT
taxlaw-8367	931	1	the	the	DET
taxlaw-8367	931	2	fact	fact	NOUN
taxlaw-8367	931	3	that	that	SCONJ
taxlaw-8367	931	4	the	the	DET
taxlaw-8367	931	5	parties	party	NOUN
taxlaw-8367	931	6	to	to	ADP
taxlaw-8367	931	7	a	a	DET
taxlaw-8367	931	8	loan	loan	NOUN
taxlaw-8367	931	9	agreement	agreement	NOUN
taxlaw-8367	931	10	often	often	ADV
taxlaw-8367	931	11	need	need	VERB
taxlaw-8367	931	12	do	do	VERB
taxlaw-8367	931	13	very	very	ADV
taxlaw-8367	931	14	little	little	ADJ
taxlaw-8367	931	15	to	to	PART
taxlaw-8367	931	16	adjust	adjust	VERB
taxlaw-8367	931	17	its	its	PRON
taxlaw-8367	931	18	terms	term	NOUN
taxlaw-8367	931	19	between	between	ADP
taxlaw-8367	931	20	recourse	recourse	NOUN
taxlaw-8367	931	21	and	and	CCONJ
taxlaw-8367	931	22	nonrecourse	nonrecourse	NOUN
taxlaw-8367	931	23	corroborates	corroborate	VERB
taxlaw-8367	931	24	the	the	DET
taxlaw-8367	931	25	point	point	NOUN
taxlaw-8367	931	26	that	that	SCONJ
taxlaw-8367	931	27	the	the	DET
taxlaw-8367	931	28	existing	exist	VERB
taxlaw-8367	931	29	rules	rule	NOUN
taxlaw-8367	931	30	are	be	AUX
taxlaw-8367	931	31	incorrect	incorrect	ADJ
taxlaw-8367	931	32	.	.	PUNCT
taxlaw-8367	932	1	a	a	DET
taxlaw-8367	932	2	shift	shift	NOUN
taxlaw-8367	932	3	from	from	ADP
taxlaw-8367	932	4	recourse	recourse	NOUN
taxlaw-8367	932	5	to	to	ADP
taxlaw-8367	932	6	nonrecourse	nonrecourse	NOUN
taxlaw-8367	932	7	may	may	AUX
taxlaw-8367	932	8	require	require	VERB
taxlaw-8367	932	9	a	a	DET
taxlaw-8367	932	10	slightly	slightly	ADV
taxlaw-8367	932	11	higher	high	ADJ
taxlaw-8367	932	12	interest	interest	NOUN
taxlaw-8367	932	13	rate	rate	NOUN
taxlaw-8367	932	14	,	,	PUNCT
taxlaw-8367	932	15	a	a	DET
taxlaw-8367	932	16	slightly	slightly	ADV
taxlaw-8367	932	17	better	well	ADJ
taxlaw-8367	932	18	security	security	NOUN
taxlaw-8367	932	19	,	,	PUNCT
taxlaw-8367	932	20	somewhat	somewhat	ADV
taxlaw-8367	932	21	greater	great	ADJ
taxlaw-8367	932	22	monitoring	monitoring	NOUN
taxlaw-8367	932	23	of	of	ADP
taxlaw-8367	932	24	the	the	DET
taxlaw-8367	932	25	borrower	borrower	NOUN
taxlaw-8367	932	26	’s	’s	PART
taxlaw-8367	932	27	use	use	NOUN
taxlaw-8367	932	28	of	of	ADP
taxlaw-8367	932	29	the	the	DET
taxlaw-8367	932	30	security	security	NOUN
taxlaw-8367	932	31	,	,	PUNCT
taxlaw-8367	932	32	or	or	CCONJ
taxlaw-8367	932	33	other	other	ADJ
taxlaw-8367	932	34	relatively	relatively	ADV
taxlaw-8367	932	35	minor	minor	ADJ
taxlaw-8367	932	36	adjustments	adjustment	NOUN
taxlaw-8367	932	37	to	to	ADP
taxlaw-8367	932	38	the	the	DET
taxlaw-8367	932	39	loan	loan	NOUN
taxlaw-8367	932	40	terms	term	NOUN
taxlaw-8367	932	41	.	.	PUNCT
taxlaw-8367	933	1	because	because	SCONJ
taxlaw-8367	933	2	the	the	DET
taxlaw-8367	933	3	tax	tax	NOUN
taxlaw-8367	933	4	difference	difference	NOUN
taxlaw-8367	933	5	between	between	ADP
taxlaw-8367	933	6	the	the	DET
taxlaw-8367	933	7	two	two	NUM
taxlaw-8367	933	8	types	type	NOUN
taxlaw-8367	933	9	of	of	ADP
taxlaw-8367	933	10	loans	loan	NOUN
taxlaw-8367	933	11	when	when	SCONJ
taxlaw-8367	933	12	a	a	DET
taxlaw-8367	933	13	partnership	partnership	NOUN
taxlaw-8367	933	14	is	be	AUX
taxlaw-8367	933	15	the	the	DET
taxlaw-8367	933	16	borrower	borrower	NOUN
taxlaw-8367	933	17	is	be	AUX
taxlaw-8367	933	18	substantial	substantial	ADJ
taxlaw-8367	933	19	,	,	PUNCT
taxlaw-8367	933	20	the	the	DET
taxlaw-8367	933	21	rules	rule	NOUN
taxlaw-8367	933	22	provide	provide	VERB
taxlaw-8367	933	23	untoward	untoward	ADJ
taxlaw-8367	933	24	tax	tax	NOUN
taxlaw-8367	933	25	planning	planning	NOUN
taxlaw-8367	933	26	opportunities	opportunity	NOUN
taxlaw-8367	933	27	.	.	PUNCT
taxlaw-8367	934	1	consider	consider	VERB
taxlaw-8367	934	2	the	the	DET
taxlaw-8367	934	3	difference	difference	NOUN
taxlaw-8367	934	4	in	in	ADP
taxlaw-8367	934	5	tax	tax	NOUN
taxlaw-8367	934	6	treatment	treatment	NOUN
taxlaw-8367	934	7	between	between	ADP
taxlaw-8367	934	8	two	two	NUM
taxlaw-8367	934	9	alternative	alternative	ADJ
taxlaw-8367	934	10	$	$	SYM
taxlaw-8367	934	11	500x	500x	NUM
taxlaw-8367	934	12	loans	loan	NOUN
taxlaw-8367	934	13	that	that	PRON
taxlaw-8367	934	14	equal	equal	ADJ
taxlaw-8367	934	15	abc	abc	PROPN
taxlaw-8367	934	16	might	might	AUX
taxlaw-8367	934	17	take	take	VERB
taxlaw-8367	934	18	,	,	PUNCT
taxlaw-8367	934	19	using	use	VERB
taxlaw-8367	934	20	whiteacre	whiteacre	ADV
taxlaw-8367	934	21	as	as	ADP
taxlaw-8367	934	22	security	security	NOUN
taxlaw-8367	934	23	.	.	PUNCT
taxlaw-8367	935	1	whiteacre	whiteacre	PROPN
taxlaw-8367	935	2	’s	’s	PART
taxlaw-8367	935	3	fair	fair	ADJ
taxlaw-8367	935	4	market	market	NOUN
taxlaw-8367	935	5	value	value	NOUN
taxlaw-8367	935	6	is	be	AUX
taxlaw-8367	935	7	$	$	SYM
taxlaw-8367	935	8	1000x	1000x	NUM
taxlaw-8367	935	9	and	and	CCONJ
taxlaw-8367	935	10	its	its	PRON
taxlaw-8367	935	11	basis	basis	NOUN
taxlaw-8367	935	12	in	in	ADP
taxlaw-8367	935	13	abc	abc	PROPN
taxlaw-8367	935	14	’s	’s	PART
taxlaw-8367	935	15	hands	hand	NOUN
taxlaw-8367	935	16	is	be	AUX
taxlaw-8367	935	17	$	$	SYM
taxlaw-8367	935	18	200x	200x	NUM
taxlaw-8367	935	19	.	.	PUNCT
taxlaw-8367	936	1	assume	assume	VERB
taxlaw-8367	936	2	that	that	SCONJ
taxlaw-8367	936	3	abc	abc	PROPN
taxlaw-8367	936	4	runs	run	VERB
taxlaw-8367	936	5	a	a	DET
taxlaw-8367	936	6	successful	successful	ADJ
taxlaw-8367	936	7	business	business	NOUN
taxlaw-8367	936	8	and	and	CCONJ
taxlaw-8367	936	9	its	its	PRON
taxlaw-8367	936	10	annual	annual	ADJ
taxlaw-8367	936	11	income	income	NOUN
taxlaw-8367	936	12	does	do	AUX
taxlaw-8367	936	13	not	not	PART
taxlaw-8367	936	14	fluctuate	fluctuate	VERB
taxlaw-8367	936	15	greatly	greatly	ADV
taxlaw-8367	936	16	;	;	PUNCT
taxlaw-8367	936	17	it	it	PRON
taxlaw-8367	936	18	also	also	ADV
taxlaw-8367	936	19	has	have	VERB
taxlaw-8367	936	20	no	no	DET
taxlaw-8367	936	21	other	other	ADJ
taxlaw-8367	936	22	nonrecourse	nonrecourse	NOUN
taxlaw-8367	936	23	debt	debt	NOUN
taxlaw-8367	936	24	outstanding	outstanding	ADJ
taxlaw-8367	936	25	.	.	PUNCT
taxlaw-8367	937	1	the	the	DET
taxlaw-8367	937	2	loans	loan	NOUN
taxlaw-8367	937	3	are	be	AUX
taxlaw-8367	937	4	identical	identical	ADJ
taxlaw-8367	937	5	except	except	SCONJ
taxlaw-8367	937	6	that	that	SCONJ
taxlaw-8367	937	7	in	in	ADP
taxlaw-8367	937	8	one	one	NUM
taxlaw-8367	937	9	scenario	scenario	NOUN
taxlaw-8367	937	10	it	it	PRON
taxlaw-8367	937	11	is	be	AUX
taxlaw-8367	937	12	recourse	recourse	NOUN
taxlaw-8367	937	13	and	and	CCONJ
taxlaw-8367	937	14	in	in	ADP
taxlaw-8367	937	15	the	the	DET
taxlaw-8367	937	16	other	other	ADJ
taxlaw-8367	937	17	it	it	PRON
taxlaw-8367	937	18	is	be	AUX
taxlaw-8367	937	19	nonrecourse	nonrecourse	ADJ
taxlaw-8367	937	20	.	.	PUNCT
taxlaw-8367	938	1	if	if	SCONJ
taxlaw-8367	938	2	the	the	DET
taxlaw-8367	938	3	loan	loan	NOUN
taxlaw-8367	938	4	is	be	AUX
taxlaw-8367	938	5	recourse	recourse	NOUN
taxlaw-8367	938	6	,	,	PUNCT
taxlaw-8367	938	7	the	the	DET
taxlaw-8367	938	8	partners	partner	NOUN
taxlaw-8367	938	9	might	might	AUX
taxlaw-8367	938	10	agree	agree	VERB
taxlaw-8367	938	11	to	to	PART
taxlaw-8367	938	12	allocate	allocate	VERB
taxlaw-8367	938	13	the	the	DET
taxlaw-8367	938	14	erl	erl	NOUN
taxlaw-8367	938	15	largely	largely	ADV
taxlaw-8367	938	16	to	to	ADP
taxlaw-8367	938	17	one	one	NUM
taxlaw-8367	938	18	of	of	ADP
taxlaw-8367	938	19	the	the	DET
taxlaw-8367	938	20	partners	partner	NOUN
taxlaw-8367	938	21	,	,	PUNCT
taxlaw-8367	938	22	even	even	ADV
taxlaw-8367	938	23	though	though	SCONJ
taxlaw-8367	938	24	that	that	DET
taxlaw-8367	938	25	partner	partner	NOUN
taxlaw-8367	938	26	otherwise	otherwise	ADV
taxlaw-8367	938	27	shares	share	VERB
taxlaw-8367	938	28	equally	equally	ADV
taxlaw-8367	938	29	in	in	ADP
taxlaw-8367	938	30	the	the	DET
taxlaw-8367	938	31	partnership	partnership	NOUN
taxlaw-8367	938	32	’s	’s	PART
taxlaw-8367	938	33	items	item	NOUN
taxlaw-8367	938	34	of	of	ADP
taxlaw-8367	938	35	igld.173	igld.173	PROPN
taxlaw-8367	938	36	if	if	SCONJ
taxlaw-8367	938	37	,	,	PUNCT
taxlaw-8367	938	38	however	however	ADV
taxlaw-8367	938	39	,	,	PUNCT
taxlaw-8367	938	40	the	the	DET
taxlaw-8367	938	41	loan	loan	NOUN
taxlaw-8367	938	42	were	be	AUX
taxlaw-8367	938	43	nonrecourse	nonrecourse	NOUN
taxlaw-8367	938	44	,	,	PUNCT
taxlaw-8367	938	45	then	then	ADV
taxlaw-8367	938	46	the	the	DET
taxlaw-8367	938	47	entire	entire	ADJ
taxlaw-8367	938	48	nonrecourse	nonrecourse	NOUN
taxlaw-8367	938	49	liability	liability	NOUN
taxlaw-8367	938	50	would	would	AUX
taxlaw-8367	938	51	qualify	qualify	VERB
taxlaw-8367	938	52	as	as	ADP
taxlaw-8367	938	53	an	an	DET
taxlaw-8367	938	54	excess	excess	ADJ
taxlaw-8367	938	55	nonrecourse	nonrecourse	NOUN
taxlaw-8367	938	56	liability	liability	NOUN
taxlaw-8367	938	57	and	and	CCONJ
taxlaw-8367	938	58	,	,	PUNCT
taxlaw-8367	938	59	assuming	assume	VERB
taxlaw-8367	938	60	the	the	DET
taxlaw-8367	938	61	basic	basic	ADJ
taxlaw-8367	938	62	facts	fact	NOUN
taxlaw-8367	938	63	and	and	CCONJ
taxlaw-8367	938	64	circumstances	circumstance	NOUN
taxlaw-8367	938	65	test	test	NOUN
taxlaw-8367	938	66	applied	apply	VERB
taxlaw-8367	938	67	,	,	PUNCT
taxlaw-8367	938	68	divided	divide	VERB
taxlaw-8367	938	69	equally.174	equally.174	PROPN
taxlaw-8367	938	70	a	a	DET
taxlaw-8367	938	71	rule	rule	NOUN
taxlaw-8367	938	72	for	for	ADP
taxlaw-8367	938	73	all	all	DET
taxlaw-8367	938	74	partnership	partnership	NOUN
taxlaw-8367	938	75	debt	debt	NOUN
taxlaw-8367	938	76	that	that	PRON
taxlaw-8367	938	77	mirrored	mirror	VERB
taxlaw-8367	938	78	the	the	DET
taxlaw-8367	938	79	basic	basic	ADJ
taxlaw-8367	938	80	rule	rule	NOUN
taxlaw-8367	938	81	for	for	ADP
taxlaw-8367	938	82	excess	excess	ADJ
taxlaw-8367	938	83	nonrecourse	nonrecourse	NOUN
taxlaw-8367	938	84	liabilities	liability	NOUN
taxlaw-8367	938	85	and	and	CCONJ
taxlaw-8367	938	86	the	the	DET
taxlaw-8367	938	87	first	first	ADJ
taxlaw-8367	938	88	safe	safe	ADJ
taxlaw-8367	938	89	harbor	harbor	NOUN
taxlaw-8367	938	90	(	(	PUNCT
taxlaw-8367	938	91	but	but	CCONJ
taxlaw-8367	938	92	not	not	PART
taxlaw-8367	938	93	the	the	DET
taxlaw-8367	938	94	remaining	remain	VERB
taxlaw-8367	938	95	safe	safe	ADJ
taxlaw-8367	938	96	harbors	harbor	NOUN
taxlaw-8367	938	97	)	)	PUNCT
taxlaw-8367	938	98	would	would	AUX
taxlaw-8367	938	99	be	be	AUX
taxlaw-8367	938	100	a	a	DET
taxlaw-8367	938	101	reasonably	reasonably	ADV
taxlaw-8367	938	102	effective	effective	ADJ
taxlaw-8367	938	103	means	mean	NOUN
taxlaw-8367	938	104	of	of	ADP
taxlaw-8367	938	105	allocating	allocate	VERB
taxlaw-8367	938	106	basis	basis	NOUN
taxlaw-8367	938	107	credit	credit	NOUN
taxlaw-8367	938	108	among	among	ADP
taxlaw-8367	938	109	the	the	DET
taxlaw-8367	938	110	partners	partner	NOUN
taxlaw-8367	938	111	,	,	PUNCT
taxlaw-8367	938	112	regardless	regardless	ADV
taxlaw-8367	938	113	of	of	ADP
taxlaw-8367	938	114	172	172	NUM
taxlaw-8367	938	115	i	i	NOUN
taxlaw-8367	938	116	d.	d.	PROPN
taxlaw-8367	938	117	the	the	DET
taxlaw-8367	938	118	second	second	ADJ
taxlaw-8367	938	119	ppr	ppr	NOUN
taxlaw-8367	938	120	safe	safe	ADJ
taxlaw-8367	938	121	harbor	harbor	NOUN
taxlaw-8367	938	122	permits	permit	VERB
taxlaw-8367	938	123	an	an	DET
taxlaw-8367	938	124	allocation	allocation	NOUN
taxlaw-8367	938	125	of	of	ADP
taxlaw-8367	938	126	basis	basis	NOUN
taxlaw-8367	938	127	credit	credit	NOUN
taxlaw-8367	938	128	for	for	ADP
taxlaw-8367	938	129	excess	excess	ADJ
taxlaw-8367	938	130	nonrecourse	nonrecourse	NOUN
taxlaw-8367	938	131	liabilities	liability	NOUN
taxlaw-8367	938	132	in	in	ADP
taxlaw-8367	938	133	accordance	accordance	NOUN
taxlaw-8367	938	134	with	with	ADP
taxlaw-8367	938	135	a	a	DET
taxlaw-8367	938	136	valid	valid	ADJ
taxlaw-8367	938	137	allocation	allocation	NOUN
taxlaw-8367	938	138	of	of	ADP
taxlaw-8367	938	139	“	"	PUNCT
taxlaw-8367	938	140	nonrecourse	nonrecourse	NOUN
taxlaw-8367	938	141	deductions	deduction	NOUN
taxlaw-8367	938	142	,	,	PUNCT
taxlaw-8367	938	143	”	"	PUNCT
taxlaw-8367	938	144	while	while	SCONJ
taxlaw-8367	938	145	the	the	DET
taxlaw-8367	938	146	third	third	ADJ
taxlaw-8367	938	147	safe	safe	ADJ
taxlaw-8367	938	148	harbor	harbor	NOUN
taxlaw-8367	938	149	permits	permit	VERB
taxlaw-8367	938	150	an	an	DET
taxlaw-8367	938	151	allocation	allocation	NOUN
taxlaw-8367	938	152	of	of	ADP
taxlaw-8367	938	153	basis	basis	NOUN
taxlaw-8367	938	154	credit	credit	NOUN
taxlaw-8367	938	155	in	in	ADP
taxlaw-8367	938	156	accordance	accordance	NOUN
taxlaw-8367	938	157	with	with	ADP
taxlaw-8367	938	158	how	how	SCONJ
taxlaw-8367	938	159	gain	gain	NOUN
taxlaw-8367	938	160	would	would	AUX
taxlaw-8367	938	161	be	be	AUX
taxlaw-8367	938	162	charged	charge	VERB
taxlaw-8367	938	163	to	to	ADP
taxlaw-8367	938	164	a	a	DET
taxlaw-8367	938	165	partner	partner	NOUN
taxlaw-8367	938	166	on	on	ADP
taxlaw-8367	938	167	the	the	DET
taxlaw-8367	938	168	disposition	disposition	NOUN
taxlaw-8367	938	169	of	of	ADP
taxlaw-8367	938	170	the	the	DET
taxlaw-8367	938	171	property	property	NOUN
taxlaw-8367	938	172	in	in	ADP
taxlaw-8367	938	173	satisfaction	satisfaction	NOUN
taxlaw-8367	938	174	of	of	ADP
taxlaw-8367	938	175	the	the	DET
taxlaw-8367	938	176	debt	debt	NOUN
taxlaw-8367	938	177	.	.	PUNCT
taxlaw-8367	939	1	i	i	PRON
taxlaw-8367	939	2	d.	d.	PROPN
taxlaw-8367	939	3	both	both	PRON
taxlaw-8367	939	4	of	of	ADP
taxlaw-8367	939	5	these	these	DET
taxlaw-8367	939	6	methods	method	NOUN
taxlaw-8367	939	7	adopt	adopt	VERB
taxlaw-8367	939	8	a	a	DET
taxlaw-8367	939	9	principle	principle	NOUN
taxlaw-8367	939	10	that	that	PRON
taxlaw-8367	939	11	links	link	VERB
taxlaw-8367	939	12	basis	basis	NOUN
taxlaw-8367	939	13	credit	credit	NOUN
taxlaw-8367	939	14	to	to	PART
taxlaw-8367	939	15	income	income	VERB
taxlaw-8367	939	16	on	on	ADP
taxlaw-8367	939	17	debt	debt	NOUN
taxlaw-8367	939	18	discharge	discharge	NOUN
taxlaw-8367	939	19	rather	rather	ADV
taxlaw-8367	939	20	than	than	ADP
taxlaw-8367	939	21	to	to	ADP
taxlaw-8367	939	22	who	who	PRON
taxlaw-8367	939	23	pays	pay	VERB
taxlaw-8367	939	24	for	for	ADP
taxlaw-8367	939	25	liquidity	liquidity	NOUN
taxlaw-8367	939	26	.	.	PUNCT
taxlaw-8367	940	1	173	173	NUM
taxlaw-8367	940	2	treas	trea	NOUN
taxlaw-8367	940	3	.	.	PUNCT
taxlaw-8367	941	1	reg	reg	PROPN
taxlaw-8367	941	2	.	.	PUNCT
taxlaw-8367	942	1	§	§	PROPN
taxlaw-8367	942	2	1.752–2(b)(1	1.752–2(b)(1	NUM
taxlaw-8367	942	3	)	)	PUNCT
taxlaw-8367	942	4	.	.	PUNCT
taxlaw-8367	943	1	174	174	NUM
taxlaw-8367	943	2	treas	treas	PROPN
taxlaw-8367	943	3	.	.	PUNCT
taxlaw-8367	944	1	reg	reg	PROPN
taxlaw-8367	944	2	.	.	PUNCT
taxlaw-8367	945	1	§	§	PROPN
taxlaw-8367	945	2	1.752–3(a	1.752–3(a	NUM
taxlaw-8367	945	3	)	)	PUNCT
taxlaw-8367	945	4	.	.	PUNCT
taxlaw-8367	946	1	2021	2021	NUM
taxlaw-8367	946	2	]	]	PUNCT
taxlaw-8367	946	3	debt	debt	NOUN
taxlaw-8367	946	4	and	and	CCONJ
taxlaw-8367	946	5	taxes	taxis	NOUN
taxlaw-8367	946	6	123	123	NUM
taxlaw-8367	946	7	whether	whether	SCONJ
taxlaw-8367	946	8	the	the	DET
taxlaw-8367	946	9	debt	debt	NOUN
taxlaw-8367	946	10	is	be	AUX
taxlaw-8367	946	11	recourse	recourse	NOUN
taxlaw-8367	946	12	or	or	CCONJ
taxlaw-8367	946	13	not	not	PART
taxlaw-8367	946	14	.	.	PUNCT
taxlaw-8367	947	1	it	it	PRON
taxlaw-8367	947	2	also	also	ADV
taxlaw-8367	947	3	would	would	AUX
taxlaw-8367	947	4	provide	provide	VERB
taxlaw-8367	947	5	partners	partner	NOUN
taxlaw-8367	947	6	the	the	DET
taxlaw-8367	947	7	flexibility	flexibility	NOUN
taxlaw-8367	947	8	that	that	PRON
taxlaw-8367	947	9	is	be	AUX
taxlaw-8367	947	10	a	a	DET
taxlaw-8367	947	11	hallmark	hallmark	NOUN
taxlaw-8367	947	12	of	of	ADP
taxlaw-8367	947	13	the	the	DET
taxlaw-8367	947	14	partnership	partnership	NOUN
taxlaw-8367	947	15	tax	tax	NOUN
taxlaw-8367	947	16	rules	rule	NOUN
taxlaw-8367	947	17	more	more	ADJ
taxlaw-8367	947	18	generally.175	generally.175	NOUN
taxlaw-8367	947	19	as	as	ADP
taxlaw-8367	947	20	a	a	DET
taxlaw-8367	947	21	general	general	ADJ
taxlaw-8367	947	22	matter	matter	NOUN
taxlaw-8367	947	23	,	,	PUNCT
taxlaw-8367	947	24	that	that	DET
taxlaw-8367	947	25	flexibility	flexibility	NOUN
taxlaw-8367	947	26	extends	extend	VERB
taxlaw-8367	947	27	to	to	ADP
taxlaw-8367	947	28	most	most	ADJ
taxlaw-8367	947	29	allocations	allocation	NOUN
taxlaw-8367	947	30	of	of	ADP
taxlaw-8367	947	31	partnership	partnership	NOUN
taxlaw-8367	947	32	items	item	NOUN
taxlaw-8367	947	33	of	of	ADP
taxlaw-8367	947	34	igld	igld	ADJ
taxlaw-8367	947	35	as	as	ADV
taxlaw-8367	947	36	long	long	ADV
taxlaw-8367	947	37	as	as	SCONJ
taxlaw-8367	947	38	they	they	PRON
taxlaw-8367	947	39	have	have	VERB
taxlaw-8367	947	40	substantial	substantial	ADJ
taxlaw-8367	947	41	economic	economic	ADJ
taxlaw-8367	947	42	effect.176	effect.176	NOUN
taxlaw-8367	947	43	the	the	DET
taxlaw-8367	947	44	basic	basic	ADJ
taxlaw-8367	947	45	“	"	PUNCT
taxlaw-8367	947	46	facts	fact	NOUN
taxlaw-8367	947	47	and	and	CCONJ
taxlaw-8367	947	48	circumstances	circumstance	NOUN
taxlaw-8367	947	49	”	"	PUNCT
taxlaw-8367	947	50	rule	rule	NOUN
taxlaw-8367	947	51	for	for	ADP
taxlaw-8367	947	52	determining	determine	VERB
taxlaw-8367	947	53	a	a	DET
taxlaw-8367	947	54	partner	partner	NOUN
taxlaw-8367	947	55	’s	’s	PART
taxlaw-8367	947	56	share	share	NOUN
taxlaw-8367	947	57	of	of	ADP
taxlaw-8367	947	58	partnership	partnership	NOUN
taxlaw-8367	947	59	profits	profit	NOUN
taxlaw-8367	947	60	looks	look	VERB
taxlaw-8367	947	61	to	to	ADP
taxlaw-8367	947	62	the	the	DET
taxlaw-8367	947	63	economic	economic	ADJ
taxlaw-8367	947	64	substance	substance	NOUN
taxlaw-8367	947	65	of	of	ADP
taxlaw-8367	947	66	the	the	DET
taxlaw-8367	947	67	partners	partner	NOUN
taxlaw-8367	947	68	’	'	PUNCT
taxlaw-8367	947	69	deal	deal	NOUN
taxlaw-8367	947	70	,	,	PUNCT
taxlaw-8367	947	71	which	which	PRON
taxlaw-8367	947	72	,	,	PUNCT
taxlaw-8367	947	73	as	as	SCONJ
taxlaw-8367	947	74	noted	note	VERB
taxlaw-8367	947	75	,	,	PUNCT
taxlaw-8367	947	76	would	would	AUX
taxlaw-8367	947	77	generally	generally	ADV
taxlaw-8367	947	78	allocate	allocate	VERB
taxlaw-8367	947	79	basis	basis	NOUN
taxlaw-8367	947	80	credit	credit	NOUN
taxlaw-8367	947	81	in	in	ADP
taxlaw-8367	947	82	accordance	accordance	NOUN
taxlaw-8367	947	83	with	with	ADP
taxlaw-8367	947	84	the	the	DET
taxlaw-8367	947	85	economic	economic	ADJ
taxlaw-8367	947	86	burden	burden	NOUN
taxlaw-8367	947	87	of	of	ADP
taxlaw-8367	947	88	interest	interest	NOUN
taxlaw-8367	947	89	deductions	deduction	NOUN
taxlaw-8367	947	90	regardless	regardless	ADV
taxlaw-8367	947	91	of	of	ADP
taxlaw-8367	947	92	how	how	SCONJ
taxlaw-8367	947	93	they	they	PRON
taxlaw-8367	947	94	are	be	AUX
taxlaw-8367	947	95	formally	formally	ADV
taxlaw-8367	947	96	allocated	allocate	VERB
taxlaw-8367	947	97	.	.	PUNCT
taxlaw-8367	948	1	although	although	SCONJ
taxlaw-8367	948	2	the	the	DET
taxlaw-8367	948	3	facts	fact	NOUN
taxlaw-8367	948	4	and	and	CCONJ
taxlaw-8367	948	5	circumstances	circumstance	NOUN
taxlaw-8367	948	6	test	test	NOUN
taxlaw-8367	948	7	would	would	AUX
taxlaw-8367	948	8	not	not	PART
taxlaw-8367	948	9	itself	itself	PRON
taxlaw-8367	948	10	provide	provide	VERB
taxlaw-8367	948	11	flexibility	flexibility	NOUN
taxlaw-8367	948	12	,	,	PUNCT
taxlaw-8367	948	13	the	the	DET
taxlaw-8367	948	14	first	first	ADJ
taxlaw-8367	948	15	safe	safe	ADJ
taxlaw-8367	948	16	harbor	harbor	NOUN
taxlaw-8367	948	17	,	,	PUNCT
taxlaw-8367	948	18	known	know	VERB
taxlaw-8367	948	19	as	as	ADP
taxlaw-8367	948	20	the	the	DET
taxlaw-8367	948	21	“	"	PUNCT
taxlaw-8367	948	22	significant	significant	ADJ
taxlaw-8367	948	23	item	item	NOUN
taxlaw-8367	948	24	method	method	NOUN
taxlaw-8367	948	25	,	,	PUNCT
taxlaw-8367	948	26	”	"	PUNCT
taxlaw-8367	948	27	would	would	AUX
taxlaw-8367	948	28	,	,	PUNCT
taxlaw-8367	948	29	and	and	CCONJ
taxlaw-8367	948	30	it	it	PRON
taxlaw-8367	948	31	would	would	AUX
taxlaw-8367	948	32	do	do	VERB
taxlaw-8367	948	33	so	so	ADV
taxlaw-8367	948	34	in	in	ADP
taxlaw-8367	948	35	a	a	DET
taxlaw-8367	948	36	way	way	NOUN
taxlaw-8367	948	37	that	that	PRON
taxlaw-8367	948	38	ties	tie	VERB
taxlaw-8367	948	39	the	the	DET
taxlaw-8367	948	40	allocation	allocation	NOUN
taxlaw-8367	948	41	to	to	ADP
taxlaw-8367	948	42	profits	profit	NOUN
taxlaw-8367	948	43	or	or	CCONJ
taxlaw-8367	948	44	gains	gain	NOUN
taxlaw-8367	948	45	associated	associate	VERB
taxlaw-8367	948	46	with	with	ADP
taxlaw-8367	948	47	the	the	DET
taxlaw-8367	948	48	borrowing	borrowing	NOUN
taxlaw-8367	948	49	.	.	PUNCT
taxlaw-8367	949	1	v.	v.	ADP
taxlaw-8367	949	2	note	note	NOUN
taxlaw-8367	949	3	on	on	ADP
taxlaw-8367	949	4	the	the	DET
taxlaw-8367	949	5	haig	haig	PROPN
taxlaw-8367	949	6	-	-	PUNCT
taxlaw-8367	949	7	simons	simons	PROPN
taxlaw-8367	949	8	definition	definition	NOUN
taxlaw-8367	949	9	of	of	ADP
taxlaw-8367	949	10	income	income	NOUN
taxlaw-8367	949	11	at	at	ADP
taxlaw-8367	949	12	the	the	DET
taxlaw-8367	949	13	outset	outset	NOUN
taxlaw-8367	949	14	i	i	PRON
taxlaw-8367	949	15	noted	note	VERB
taxlaw-8367	949	16	that	that	SCONJ
taxlaw-8367	949	17	lal	lal	PROPN
taxlaw-8367	949	18	has	have	VERB
taxlaw-8367	949	19	implications	implication	NOUN
taxlaw-8367	949	20	for	for	ADP
taxlaw-8367	949	21	larger	large	ADJ
taxlaw-8367	949	22	policy	policy	NOUN
taxlaw-8367	949	23	questions	question	NOUN
taxlaw-8367	949	24	as	as	ADP
taxlaw-8367	949	25	well.177	well.177	PROPN
taxlaw-8367	949	26	this	this	DET
taxlaw-8367	949	27	part	part	NOUN
taxlaw-8367	949	28	briefly	briefly	ADV
taxlaw-8367	949	29	discusses	discuss	VERB
taxlaw-8367	949	30	one	one	NUM
taxlaw-8367	949	31	of	of	ADP
taxlaw-8367	949	32	them	they	PRON
taxlaw-8367	949	33	,	,	PUNCT
taxlaw-8367	949	34	the	the	DET
taxlaw-8367	949	35	nature	nature	NOUN
taxlaw-8367	949	36	of	of	ADP
taxlaw-8367	949	37	the	the	DET
taxlaw-8367	949	38	relationship	relationship	NOUN
taxlaw-8367	949	39	between	between	ADP
taxlaw-8367	949	40	income	income	NOUN
taxlaw-8367	949	41	and	and	CCONJ
taxlaw-8367	949	42	consumption	consumption	NOUN
taxlaw-8367	949	43	taxation	taxation	NOUN
taxlaw-8367	949	44	,	,	PUNCT
taxlaw-8367	949	45	an	an	DET
taxlaw-8367	949	46	area	area	NOUN
taxlaw-8367	949	47	that	that	PRON
taxlaw-8367	949	48	has	have	AUX
taxlaw-8367	949	49	received	receive	VERB
taxlaw-8367	949	50	sustained	sustained	ADJ
taxlaw-8367	949	51	attention	attention	NOUN
taxlaw-8367	949	52	in	in	ADP
taxlaw-8367	949	53	the	the	DET
taxlaw-8367	949	54	tax	tax	NOUN
taxlaw-8367	949	55	policy	policy	NOUN
taxlaw-8367	949	56	literature.178	literature.178	ADV
taxlaw-8367	949	57	to	to	PART
taxlaw-8367	949	58	review	review	VERB
taxlaw-8367	949	59	,	,	PUNCT
taxlaw-8367	949	60	the	the	DET
taxlaw-8367	949	61	h	h	NOUN
taxlaw-8367	949	62	-	-	PUNCT
taxlaw-8367	949	63	s	s	PART
taxlaw-8367	949	64	definition	definition	NOUN
taxlaw-8367	949	65	provides	provide	VERB
taxlaw-8367	949	66	that	that	DET
taxlaw-8367	949	67	income	income	NOUN
taxlaw-8367	949	68	during	during	ADP
taxlaw-8367	949	69	the	the	DET
taxlaw-8367	949	70	period	period	NOUN
taxlaw-8367	949	71	equals	equal	VERB
taxlaw-8367	949	72	the	the	DET
taxlaw-8367	949	73	sum	sum	NOUN
taxlaw-8367	949	74	of	of	ADP
taxlaw-8367	949	75	the	the	DET
taxlaw-8367	949	76	taxpayer	taxpayer	NOUN
taxlaw-8367	949	77	’s	’s	PART
taxlaw-8367	949	78	change	change	NOUN
taxlaw-8367	949	79	in	in	ADP
taxlaw-8367	949	80	wealth	wealth	NOUN
taxlaw-8367	949	81	(	(	PUNCT
taxlaw-8367	949	82	positive	positive	ADJ
taxlaw-8367	949	83	or	or	CCONJ
taxlaw-8367	949	84	negative	negative	ADJ
taxlaw-8367	949	85	)	)	PUNCT
taxlaw-8367	949	86	and	and	CCONJ
taxlaw-8367	949	87	the	the	DET
taxlaw-8367	949	88	market	market	NOUN
taxlaw-8367	949	89	value	value	NOUN
taxlaw-8367	949	90	of	of	ADP
taxlaw-8367	949	91	amounts	amount	NOUN
taxlaw-8367	949	92	consumed	consume	VERB
taxlaw-8367	949	93	:	:	PUNCT
taxlaw-8367	950	1	i	i	PRON
taxlaw-8367	950	2	=	=	SYM
taxlaw-8367	951	1	w	w	NOUN
taxlaw-8367	951	2	+	+	CCONJ
taxlaw-8367	951	3	c.179	c.179	NOUN
taxlaw-8367	951	4	as	as	SCONJ
taxlaw-8367	951	5	noted	note	VERB
taxlaw-8367	951	6	previously	previously	ADV
taxlaw-8367	951	7	,	,	PUNCT
taxlaw-8367	951	8	the	the	DET
taxlaw-8367	951	9	inclusion	inclusion	NOUN
taxlaw-8367	951	10	of	of	ADP
taxlaw-8367	951	11	the	the	DET
taxlaw-8367	951	12	dollar	dollar	NOUN
taxlaw-8367	951	13	value	value	NOUN
taxlaw-8367	951	14	of	of	ADP
taxlaw-8367	951	15	amounts	amount	NOUN
taxlaw-8367	951	16	consumed	consume	VERB
taxlaw-8367	951	17	ensures	ensure	NOUN
taxlaw-8367	951	18	that	that	SCONJ
taxlaw-8367	951	19	the	the	DET
taxlaw-8367	951	20	tax	tax	NOUN
taxlaw-8367	951	21	base	base	NOUN
taxlaw-8367	951	22	reaches	reach	VERB
taxlaw-8367	951	23	net	net	ADJ
taxlaw-8367	951	24	changes	change	NOUN
taxlaw-8367	951	25	in	in	ADP
taxlaw-8367	951	26	wealth	wealth	NOUN
taxlaw-8367	951	27	,	,	PUNCT
taxlaw-8367	951	28	regardless	regardless	ADV
taxlaw-8367	951	29	of	of	ADP
taxlaw-8367	951	30	whether	whether	SCONJ
taxlaw-8367	951	31	the	the	DET
taxlaw-8367	951	32	wealth	wealth	NOUN
taxlaw-8367	951	33	is	be	AUX
taxlaw-8367	951	34	retained	retain	VERB
taxlaw-8367	951	35	or	or	CCONJ
taxlaw-8367	951	36	converted	convert	VERB
taxlaw-8367	951	37	into	into	ADP
taxlaw-8367	951	38	a	a	DET
taxlaw-8367	951	39	consumption	consumption	NOUN
taxlaw-8367	951	40	of	of	ADP
taxlaw-8367	951	41	value	value	NOUN
taxlaw-8367	951	42	equal	equal	ADJ
taxlaw-8367	951	43	to	to	ADP
taxlaw-8367	951	44	the	the	DET
taxlaw-8367	951	45	income	income	NOUN
taxlaw-8367	951	46	that	that	PRON
taxlaw-8367	951	47	purchased	purchase	VERB
taxlaw-8367	951	48	it.180	it.180	PRON
taxlaw-8367	951	49	a	a	DET
taxlaw-8367	951	50	taxpayer	taxpayer	NOUN
taxlaw-8367	951	51	who	who	PRON
taxlaw-8367	951	52	during	during	ADP
taxlaw-8367	951	53	the	the	DET
taxlaw-8367	951	54	period	period	NOUN
taxlaw-8367	951	55	earns	earn	VERB
taxlaw-8367	951	56	$	$	SYM
taxlaw-8367	951	57	100,000	100,000	NUM
taxlaw-8367	951	58	of	of	ADP
taxlaw-8367	951	59	salary	salary	NOUN
taxlaw-8367	951	60	and	and	CCONJ
taxlaw-8367	951	61	spends	spend	VERB
taxlaw-8367	951	62	$	$	SYM
taxlaw-8367	951	63	30,000	30,000	NUM
taxlaw-8367	951	64	of	of	ADP
taxlaw-8367	951	65	it	it	PRON
taxlaw-8367	951	66	on	on	ADP
taxlaw-8367	951	67	consumption	consumption	NOUN
taxlaw-8367	951	68	,	,	PUNCT
taxlaw-8367	951	69	saving	save	VERB
taxlaw-8367	951	70	the	the	DET
taxlaw-8367	951	71	balance	balance	NOUN
taxlaw-8367	951	72	,	,	PUNCT
taxlaw-8367	951	73	has	have	VERB
taxlaw-8367	951	74	the	the	DET
taxlaw-8367	951	75	same	same	ADJ
taxlaw-8367	951	76	income	income	NOUN
taxlaw-8367	951	77	as	as	ADP
taxlaw-8367	951	78	one	one	NUM
taxlaw-8367	951	79	who	who	PRON
taxlaw-8367	951	80	earns	earn	VERB
taxlaw-8367	951	81	the	the	DET
taxlaw-8367	951	82	same	same	ADJ
taxlaw-8367	951	83	salary	salary	NOUN
taxlaw-8367	951	84	but	but	CCONJ
taxlaw-8367	951	85	spends	spend	VERB
taxlaw-8367	951	86	$	$	SYM
taxlaw-8367	951	87	40,000	40,000	NUM
taxlaw-8367	951	88	.	.	PUNCT
taxlaw-8367	952	1	it	it	PRON
taxlaw-8367	952	2	is	be	AUX
taxlaw-8367	952	3	sometimes	sometimes	ADV
taxlaw-8367	952	4	said	say	VERB
taxlaw-8367	952	5	that	that	SCONJ
taxlaw-8367	952	6	the	the	DET
taxlaw-8367	952	7	practical	practical	ADJ
taxlaw-8367	952	8	difference	difference	NOUN
taxlaw-8367	952	9	between	between	ADP
taxlaw-8367	952	10	the	the	DET
taxlaw-8367	952	11	two	two	NUM
taxlaw-8367	952	12	bases	basis	NOUN
taxlaw-8367	952	13	boils	boil	VERB
taxlaw-8367	952	14	down	down	ADP
taxlaw-8367	952	15	to	to	ADP
taxlaw-8367	952	16	the	the	DET
taxlaw-8367	952	17	deductibility	deductibility	NOUN
taxlaw-8367	952	18	of	of	ADP
taxlaw-8367	952	19	amounts	amount	NOUN
taxlaw-8367	952	20	invested	invest	VERB
taxlaw-8367	952	21	,	,	PUNCT
taxlaw-8367	952	22	an	an	DET
taxlaw-8367	952	23	observation	observation	NOUN
taxlaw-8367	952	24	that	that	PRON
taxlaw-8367	952	25	is	be	AUX
taxlaw-8367	952	26	suggested	suggest	VERB
taxlaw-8367	952	27	by	by	ADP
taxlaw-8367	952	28	the	the	DET
taxlaw-8367	952	29	h	h	PROPN
taxlaw-8367	952	30	-	-	PUNCT
taxlaw-8367	952	31	s	s	PART
taxlaw-8367	952	32	definition	definition	NOUN
taxlaw-8367	952	33	itself	itself	PRON
taxlaw-8367	952	34	.	.	PUNCT
taxlaw-8367	953	1	181	181	NUM
taxlaw-8367	953	2	if	if	SCONJ
taxlaw-8367	953	3	income	income	NOUN
taxlaw-8367	953	4	equals	equal	VERB
taxlaw-8367	953	5	change	change	NOUN
taxlaw-8367	953	6	in	in	ADP
taxlaw-8367	953	7	wealth	wealth	NOUN
taxlaw-8367	953	8	plus	plus	CCONJ
taxlaw-8367	953	9	amounts	amount	NOUN
taxlaw-8367	953	10	consumed	consume	VERB
taxlaw-8367	953	11	,	,	PUNCT
taxlaw-8367	953	12	consumption	consumption	NOUN
taxlaw-8367	953	13	equals	equal	VERB
taxlaw-8367	953	14	income	income	NOUN
taxlaw-8367	953	15	less	less	ADJ
taxlaw-8367	953	16	a	a	DET
taxlaw-8367	953	17	deduction	deduction	NOUN
taxlaw-8367	953	18	for	for	ADP
taxlaw-8367	953	19	amounts	amount	NOUN
taxlaw-8367	953	20	saved	save	VERB
taxlaw-8367	953	21	.	.	PUNCT
taxlaw-8367	954	1	in	in	ADP
taxlaw-8367	954	2	fact	fact	NOUN
taxlaw-8367	954	3	,	,	PUNCT
taxlaw-8367	954	4	william	william	PROPN
taxlaw-8367	954	5	andrews	andrews	PROPN
taxlaw-8367	954	6	famously	famously	ADV
taxlaw-8367	954	7	argued	argue	VERB
taxlaw-8367	954	8	for	for	ADP
taxlaw-8367	954	9	a	a	DET
taxlaw-8367	954	10	simpler	simple	ADJ
taxlaw-8367	954	11	and	and	CCONJ
taxlaw-8367	954	12	,	,	PUNCT
taxlaw-8367	954	13	in	in	ADP
taxlaw-8367	954	14	his	his	PRON
taxlaw-8367	954	15	view	view	NOUN
taxlaw-8367	954	16	,	,	PUNCT
taxlaw-8367	954	17	fairer	fair	ADJ
taxlaw-8367	954	18	cash	cash	NOUN
taxlaw-8367	954	19	-	-	PUNCT
taxlaw-8367	954	20	flow	flow	NOUN
taxlaw-8367	954	21	consumption	consumption	NOUN
taxlaw-8367	954	22	tax	tax	NOUN
taxlaw-8367	954	23	on	on	ADP
taxlaw-8367	954	24	this	this	DET
taxlaw-8367	954	25	basis.182	basis.182	PROPN
taxlaw-8367	954	26	andrews	andrews	PROPN
taxlaw-8367	954	27	observed	observe	VERB
taxlaw-8367	954	28	that	that	SCONJ
taxlaw-8367	954	29	,	,	PUNCT
taxlaw-8367	954	30	given	give	VERB
taxlaw-8367	954	31	the	the	DET
taxlaw-8367	954	32	capacity	capacity	NOUN
taxlaw-8367	954	33	of	of	ADP
taxlaw-8367	954	34	the	the	DET
taxlaw-8367	954	35	tax	tax	NOUN
taxlaw-8367	954	36	system	system	NOUN
taxlaw-8367	954	37	to	to	PART
taxlaw-8367	954	38	compute	compute	VERB
taxlaw-8367	954	39	i	i	PRON
taxlaw-8367	954	40	,	,	PUNCT
taxlaw-8367	954	41	one	one	NUM
taxlaw-8367	954	42	175	175	NUM
taxlaw-8367	954	43	mckee	mckee	NOUN
taxlaw-8367	954	44	,	,	PUNCT
taxlaw-8367	954	45	nelson	nelson	PROPN
taxlaw-8367	954	46	&	&	CCONJ
taxlaw-8367	954	47	whitmire	whitmire	PROPN
taxlaw-8367	954	48	,	,	PUNCT
taxlaw-8367	954	49	supra	supra	PROPN
taxlaw-8367	954	50	note	note	PROPN
taxlaw-8367	954	51	156	156	NUM
taxlaw-8367	954	52	,	,	PUNCT
taxlaw-8367	954	53	¶	¶	PROPN
taxlaw-8367	954	54	1.03	1.03	NUM
taxlaw-8367	954	55	(	(	PUNCT
taxlaw-8367	954	56	“	"	PUNCT
taxlaw-8367	954	57	one	one	NUM
taxlaw-8367	954	58	of	of	ADP
taxlaw-8367	954	59	the	the	DET
taxlaw-8367	954	60	principal	principal	ADJ
taxlaw-8367	954	61	legislative	legislative	ADJ
taxlaw-8367	954	62	objectives	objective	NOUN
taxlaw-8367	954	63	of	of	ADP
taxlaw-8367	954	64	subchapter	subchapter	NOUN
taxlaw-8367	954	65	k	k	PROPN
taxlaw-8367	954	66	was	be	AUX
taxlaw-8367	954	67	to	to	PART
taxlaw-8367	954	68	afford	afford	VERB
taxlaw-8367	954	69	partners	partner	NOUN
taxlaw-8367	954	70	‘	'	PUNCT
taxlaw-8367	954	71	flexibility	flexibility	NOUN
taxlaw-8367	954	72	’	'	PUNCT
taxlaw-8367	954	73	in	in	ADP
taxlaw-8367	954	74	allocating	allocate	VERB
taxlaw-8367	954	75	the	the	DET
taxlaw-8367	954	76	tax	tax	NOUN
taxlaw-8367	954	77	burden	burden	NOUN
taxlaw-8367	954	78	of	of	ADP
taxlaw-8367	954	79	partnership	partnership	NOUN
taxlaw-8367	954	80	transactions	transaction	NOUN
taxlaw-8367	954	81	among	among	ADP
taxlaw-8367	954	82	themselves	themselves	PRON
taxlaw-8367	954	83	.	.	PUNCT
taxlaw-8367	954	84	”	"	PUNCT
taxlaw-8367	955	1	(	(	PUNCT
taxlaw-8367	955	2	citation	citation	NOUN
taxlaw-8367	955	3	omitted	omit	VERB
taxlaw-8367	955	4	)	)	PUNCT
taxlaw-8367	955	5	)	)	PUNCT
taxlaw-8367	955	6	.	.	PUNCT
taxlaw-8367	956	1	176	176	NUM
taxlaw-8367	956	2	treas	trea	NOUN
taxlaw-8367	956	3	.	.	PUNCT
taxlaw-8367	957	1	reg	reg	PROPN
taxlaw-8367	957	2	.	.	PUNCT
taxlaw-8367	958	1	§	§	PROPN
taxlaw-8367	958	2	1.704–1(b)(2	1.704–1(b)(2	NUM
taxlaw-8367	958	3	)	)	PUNCT
taxlaw-8367	958	4	.	.	PUNCT
taxlaw-8367	959	1	177	177	NUM
taxlaw-8367	959	2	see	see	VERB
taxlaw-8367	959	3	supra	supra	ADJ
taxlaw-8367	959	4	text	text	NOUN
taxlaw-8367	959	5	accompanying	accompanying	ADJ
taxlaw-8367	959	6	notes	note	NOUN
taxlaw-8367	959	7	19	19	NUM
taxlaw-8367	959	8	-	-	SYM
taxlaw-8367	959	9	20	20	NUM
taxlaw-8367	959	10	.	.	NOUN
taxlaw-8367	959	11	178	178	NUM
taxlaw-8367	959	12	see	see	VERB
taxlaw-8367	959	13	daniel	daniel	PROPN
taxlaw-8367	959	14	n.	n.	PROPN
taxlaw-8367	959	15	shaviro	shaviro	PROPN
taxlaw-8367	959	16	,	,	PUNCT
taxlaw-8367	959	17	special	special	ADJ
taxlaw-8367	959	18	report	report	NOUN
taxlaw-8367	959	19	:	:	PUNCT
taxlaw-8367	959	20	replacing	replace	VERB
taxlaw-8367	959	21	the	the	DET
taxlaw-8367	959	22	income	income	NOUN
taxlaw-8367	959	23	tax	tax	NOUN
taxlaw-8367	959	24	with	with	ADP
taxlaw-8367	959	25	a	a	DET
taxlaw-8367	959	26	progressive	progressive	ADJ
taxlaw-8367	959	27	consumption	consumption	NOUN
taxlaw-8367	959	28	tax	tax	NOUN
taxlaw-8367	959	29	,	,	PUNCT
taxlaw-8367	959	30	tax	tax	NOUN
taxlaw-8367	959	31	notes	note	NOUN
taxlaw-8367	959	32	91	91	NUM
taxlaw-8367	959	33	,	,	PUNCT
taxlaw-8367	959	34	92	92	NUM
taxlaw-8367	959	35	(	(	PUNCT
taxlaw-8367	959	36	april	april	PROPN
taxlaw-8367	959	37	5	5	NUM
taxlaw-8367	959	38	,	,	PUNCT
taxlaw-8367	959	39	2004	2004	NUM
taxlaw-8367	959	40	)	)	PUNCT
taxlaw-8367	959	41	(	(	PUNCT
taxlaw-8367	959	42	“	"	PUNCT
taxlaw-8367	959	43	the	the	DET
taxlaw-8367	959	44	literature	literature	NOUN
taxlaw-8367	959	45	on	on	ADP
taxlaw-8367	959	46	income	income	NOUN
taxlaw-8367	959	47	versus	versus	ADP
taxlaw-8367	959	48	consumption	consumption	NOUN
taxlaw-8367	959	49	taxation	taxation	NOUN
taxlaw-8367	959	50	could	could	AUX
taxlaw-8367	959	51	fill	fill	VERB
taxlaw-8367	959	52	many	many	ADJ
taxlaw-8367	959	53	rows	row	NOUN
taxlaw-8367	959	54	of	of	ADP
taxlaw-8367	959	55	library	library	ADJ
taxlaw-8367	959	56	shelves	shelf	NOUN
taxlaw-8367	959	57	.	.	PUNCT
taxlaw-8367	959	58	.	.	PUNCT
taxlaw-8367	959	59	.	.	PUNCT
taxlaw-8367	959	60	”	"	PUNCT
taxlaw-8367	959	61	)	)	PUNCT
taxlaw-8367	959	62	.	.	PUNCT
taxlaw-8367	960	1	179	179	NUM
taxlaw-8367	960	2	see	see	VERB
taxlaw-8367	960	3	simons	simon	NOUN
taxlaw-8367	960	4	,	,	PUNCT
taxlaw-8367	960	5	supra	supra	PROPN
taxlaw-8367	960	6	note	note	PROPN
taxlaw-8367	960	7	28	28	NUM
taxlaw-8367	960	8	,	,	PUNCT
taxlaw-8367	960	9	at	at	ADP
taxlaw-8367	960	10	50	50	NUM
taxlaw-8367	960	11	.	.	PUNCT
taxlaw-8367	960	12	180	180	NUM
taxlaw-8367	960	13	see	see	VERB
taxlaw-8367	960	14	stanley	stanley	PROPN
taxlaw-8367	960	15	a.	a.	PROPN
taxlaw-8367	960	16	koppelman	koppelman	PROPN
taxlaw-8367	960	17	,	,	PUNCT
taxlaw-8367	960	18	personal	personal	ADJ
taxlaw-8367	960	19	deductions	deduction	NOUN
taxlaw-8367	960	20	under	under	ADP
taxlaw-8367	960	21	an	an	DET
taxlaw-8367	960	22	ideal	ideal	ADJ
taxlaw-8367	960	23	income	income	NOUN
taxlaw-8367	960	24	tax	tax	NOUN
taxlaw-8367	960	25	,	,	PUNCT
taxlaw-8367	960	26	43	43	NUM
taxlaw-8367	960	27	tax	tax	NOUN
taxlaw-8367	960	28	l.	l.	PROPN
taxlaw-8367	960	29	rev	rev	PROPN
taxlaw-8367	960	30	.	.	PROPN
taxlaw-8367	960	31	679	679	NUM
taxlaw-8367	960	32	,	,	PUNCT
taxlaw-8367	960	33	684	684	NUM
taxlaw-8367	960	34	-	-	SYM
taxlaw-8367	960	35	85	85	NUM
taxlaw-8367	960	36	(	(	PUNCT
taxlaw-8367	960	37	1988	1988	NUM
taxlaw-8367	960	38	)	)	PUNCT
taxlaw-8367	960	39	.	.	PUNCT
taxlaw-8367	961	1	181	181	NUM
taxlaw-8367	961	2	joseph	joseph	PROPN
taxlaw-8367	961	3	bankman	bankman	PROPN
taxlaw-8367	961	4	&	&	CCONJ
taxlaw-8367	961	5	david	david	PROPN
taxlaw-8367	961	6	a.	a.	PROPN
taxlaw-8367	961	7	weisbach	weisbach	PROPN
taxlaw-8367	961	8	,	,	PUNCT
taxlaw-8367	961	9	the	the	DET
taxlaw-8367	961	10	superiority	superiority	NOUN
taxlaw-8367	961	11	of	of	ADP
taxlaw-8367	961	12	a	a	DET
taxlaw-8367	961	13	consumption	consumption	NOUN
taxlaw-8367	961	14	tax	tax	NOUN
taxlaw-8367	961	15	over	over	ADP
taxlaw-8367	961	16	an	an	DET
taxlaw-8367	961	17	income	income	NOUN
taxlaw-8367	961	18	tax	tax	NOUN
taxlaw-8367	961	19	,	,	PUNCT
taxlaw-8367	961	20	58	58	NUM
taxlaw-8367	961	21	stan	stan	NOUN
taxlaw-8367	961	22	.	.	PUNCT
taxlaw-8367	962	1	l	l	PROPN
taxlaw-8367	962	2	rev	rev	PROPN
taxlaw-8367	962	3	.	.	PROPN
taxlaw-8367	962	4	1413	1413	NUM
taxlaw-8367	962	5	,	,	PUNCT
taxlaw-8367	962	6	1417	1417	NUM
taxlaw-8367	962	7	(	(	PUNCT
taxlaw-8367	962	8	2006	2006	NUM
taxlaw-8367	962	9	)	)	PUNCT
taxlaw-8367	962	10	(	(	PUNCT
taxlaw-8367	962	11	“	"	PUNCT
taxlaw-8367	962	12	as	as	SCONJ
taxlaw-8367	962	13	is	be	AUX
taxlaw-8367	962	14	well	well	ADV
taxlaw-8367	962	15	known	know	VERB
taxlaw-8367	962	16	,	,	PUNCT
taxlaw-8367	962	17	the	the	DET
taxlaw-8367	962	18	difference	difference	NOUN
taxlaw-8367	962	19	between	between	ADP
taxlaw-8367	962	20	an	an	DET
taxlaw-8367	962	21	income	income	NOUN
taxlaw-8367	962	22	tax	tax	NOUN
taxlaw-8367	962	23	and	and	CCONJ
taxlaw-8367	962	24	a	a	DET
taxlaw-8367	962	25	consumption	consumption	NOUN
taxlaw-8367	962	26	tax	tax	NOUN
taxlaw-8367	962	27	is	be	AUX
taxlaw-8367	962	28	the	the	DET
taxlaw-8367	962	29	taxation	taxation	NOUN
taxlaw-8367	962	30	of	of	ADP
taxlaw-8367	962	31	the	the	DET
taxlaw-8367	962	32	return	return	NOUN
taxlaw-8367	962	33	to	to	ADP
taxlaw-8367	962	34	savings	saving	NOUN
taxlaw-8367	962	35	or	or	CCONJ
taxlaw-8367	962	36	capital	capital	NOUN
taxlaw-8367	962	37	income	income	NOUN
taxlaw-8367	962	38	.	.	PUNCT
taxlaw-8367	963	1	in	in	ADP
taxlaw-8367	963	2	a	a	DET
taxlaw-8367	963	3	consumption	consumption	NOUN
taxlaw-8367	963	4	tax	tax	NOUN
taxlaw-8367	963	5	,	,	PUNCT
taxlaw-8367	963	6	the	the	DET
taxlaw-8367	963	7	risk	risk	NOUN
taxlaw-8367	963	8	-	-	PUNCT
taxlaw-8367	963	9	free	free	ADJ
taxlaw-8367	963	10	return	return	NOUN
taxlaw-8367	963	11	to	to	ADP
taxlaw-8367	963	12	investing	investing	NOUN
taxlaw-8367	963	13	is	be	AUX
taxlaw-8367	963	14	exempt	exempt	ADJ
taxlaw-8367	963	15	,	,	PUNCT
taxlaw-8367	963	16	while	while	SCONJ
taxlaw-8367	963	17	in	in	ADP
taxlaw-8367	963	18	an	an	DET
taxlaw-8367	963	19	income	income	NOUN
taxlaw-8367	963	20	tax	tax	NOUN
taxlaw-8367	963	21	,	,	PUNCT
taxlaw-8367	963	22	the	the	DET
taxlaw-8367	963	23	return	return	NOUN
taxlaw-8367	963	24	is	be	AUX
taxlaw-8367	963	25	taxed	tax	VERB
taxlaw-8367	963	26	.	.	PUNCT
taxlaw-8367	963	27	”	"	PUNCT
taxlaw-8367	963	28	)	)	PUNCT
taxlaw-8367	963	29	;	;	PUNCT
taxlaw-8367	963	30	edward	edward	PROPN
taxlaw-8367	963	31	j.	j.	PROPN
taxlaw-8367	963	32	mccaffery	mccaffery	PROPN
taxlaw-8367	963	33	,	,	PUNCT
taxlaw-8367	963	34	the	the	DET
taxlaw-8367	963	35	uneasy	uneasy	ADJ
taxlaw-8367	963	36	case	case	NOUN
taxlaw-8367	963	37	for	for	ADP
taxlaw-8367	963	38	capital	capital	NOUN
taxlaw-8367	963	39	taxation	taxation	NOUN
taxlaw-8367	963	40	,	,	PUNCT
taxlaw-8367	963	41	23	23	NUM
taxlaw-8367	963	42	soc	soc	NOUN
taxlaw-8367	963	43	.	.	PUNCT
taxlaw-8367	964	1	phil	phil	PROPN
taxlaw-8367	964	2	.	.	PUNCT
taxlaw-8367	964	3	&	&	CCONJ
taxlaw-8367	964	4	pol’y	pol’y	NOUN
taxlaw-8367	964	5	.	.	PROPN
taxlaw-8367	965	1	166	166	NUM
taxlaw-8367	965	2	(	(	PUNCT
taxlaw-8367	965	3	summer	summer	NOUN
taxlaw-8367	965	4	2006	2006	NUM
taxlaw-8367	965	5	)	)	PUNCT
taxlaw-8367	965	6	.	.	PUNCT
taxlaw-8367	966	1	182	182	NUM
taxlaw-8367	966	2	andrews	andrews	PROPN
taxlaw-8367	966	3	,	,	PUNCT
taxlaw-8367	966	4	supra	supra	PROPN
taxlaw-8367	966	5	note	note	NOUN
taxlaw-8367	966	6	75	75	NUM
taxlaw-8367	966	7	.	.	PUNCT
taxlaw-8367	966	8	124	124	NUM
taxlaw-8367	966	9	columbia	columbia	PROPN
taxlaw-8367	966	10	journal	journal	PROPN
taxlaw-8367	966	11	of	of	ADP
taxlaw-8367	966	12	tax	tax	NOUN
taxlaw-8367	966	13	law	law	NOUN
taxlaw-8367	967	1	[	[	X
taxlaw-8367	967	2	vol	vol	NOUN
taxlaw-8367	967	3	.	.	PUNCT
taxlaw-8367	967	4	12:89	12:89	NUM
taxlaw-8367	967	5	simply	simply	ADV
taxlaw-8367	967	6	needed	need	VERB
taxlaw-8367	967	7	to	to	PART
taxlaw-8367	967	8	solve	solve	VERB
taxlaw-8367	967	9	for	for	SCONJ
taxlaw-8367	967	10	c	c	PROPN
taxlaw-8367	967	11	to	to	PART
taxlaw-8367	967	12	adopt	adopt	VERB
taxlaw-8367	967	13	a	a	DET
taxlaw-8367	967	14	cash	cash	NOUN
taxlaw-8367	967	15	-	-	PUNCT
taxlaw-8367	967	16	flow	flow	NOUN
taxlaw-8367	967	17	tax	tax	NOUN
taxlaw-8367	967	18	.	.	PUNCT
taxlaw-8367	968	1	in	in	ADP
taxlaw-8367	968	2	the	the	DET
taxlaw-8367	968	3	example	example	NOUN
taxlaw-8367	968	4	above	above	ADV
taxlaw-8367	968	5	,	,	PUNCT
taxlaw-8367	968	6	the	the	DET
taxlaw-8367	968	7	two	two	NUM
taxlaw-8367	968	8	taxpayers	taxpayer	NOUN
taxlaw-8367	968	9	would	would	AUX
taxlaw-8367	968	10	not	not	PART
taxlaw-8367	968	11	have	have	VERB
taxlaw-8367	968	12	identical	identical	ADJ
taxlaw-8367	968	13	taxable	taxable	ADJ
taxlaw-8367	968	14	amounts	amount	NOUN
taxlaw-8367	968	15	under	under	ADP
taxlaw-8367	968	16	a	a	DET
taxlaw-8367	968	17	cash	cash	NOUN
taxlaw-8367	968	18	-	-	PUNCT
taxlaw-8367	968	19	flow	flow	NOUN
taxlaw-8367	968	20	consumption	consumption	NOUN
taxlaw-8367	968	21	tax	tax	NOUN
taxlaw-8367	968	22	.	.	PUNCT
taxlaw-8367	969	1	the	the	DET
taxlaw-8367	969	2	first	first	ADJ
taxlaw-8367	969	3	would	would	AUX
taxlaw-8367	969	4	be	be	AUX
taxlaw-8367	969	5	taxed	tax	VERB
taxlaw-8367	969	6	on	on	ADP
taxlaw-8367	969	7	$	$	SYM
taxlaw-8367	969	8	30,000	30,000	NUM
taxlaw-8367	969	9	of	of	ADP
taxlaw-8367	969	10	consumption	consumption	NOUN
taxlaw-8367	969	11	,	,	PUNCT
taxlaw-8367	969	12	while	while	SCONJ
taxlaw-8367	969	13	the	the	DET
taxlaw-8367	969	14	second	second	ADJ
taxlaw-8367	969	15	on	on	ADP
taxlaw-8367	969	16	$	$	SYM
taxlaw-8367	969	17	40,000.183	40,000.183	NOUN
taxlaw-8367	969	18	the	the	DET
taxlaw-8367	969	19	position	position	NOUN
taxlaw-8367	969	20	developed	develop	VERB
taxlaw-8367	969	21	in	in	ADP
taxlaw-8367	969	22	this	this	DET
taxlaw-8367	969	23	article	article	NOUN
taxlaw-8367	969	24	,	,	PUNCT
taxlaw-8367	969	25	that	that	SCONJ
taxlaw-8367	969	26	a	a	DET
taxlaw-8367	969	27	normative	normative	ADJ
taxlaw-8367	969	28	income	income	NOUN
taxlaw-8367	969	29	tax	tax	NOUN
taxlaw-8367	969	30	does	do	AUX
taxlaw-8367	969	31	not	not	PART
taxlaw-8367	969	32	include	include	VERB
taxlaw-8367	969	33	loan	loan	NOUN
taxlaw-8367	969	34	proceeds	proceed	NOUN
taxlaw-8367	969	35	in	in	ADP
taxlaw-8367	969	36	the	the	DET
taxlaw-8367	969	37	base	base	NOUN
taxlaw-8367	969	38	,	,	PUNCT
taxlaw-8367	969	39	highlights	highlight	VERB
taxlaw-8367	969	40	an	an	DET
taxlaw-8367	969	41	equivocation	equivocation	NOUN
taxlaw-8367	969	42	in	in	ADP
taxlaw-8367	969	43	the	the	DET
taxlaw-8367	969	44	treatment	treatment	NOUN
taxlaw-8367	969	45	of	of	ADP
taxlaw-8367	969	46	debt	debt	NOUN
taxlaw-8367	969	47	under	under	ADP
taxlaw-8367	969	48	andrews	andrews	PROPN
taxlaw-8367	969	49	’s	’s	PART
taxlaw-8367	969	50	cash	cash	NOUN
taxlaw-8367	969	51	-	-	PUNCT
taxlaw-8367	969	52	flow	flow	NOUN
taxlaw-8367	969	53	model	model	NOUN
taxlaw-8367	969	54	,	,	PUNCT
taxlaw-8367	969	55	albeit	albeit	SCONJ
taxlaw-8367	969	56	one	one	NUM
taxlaw-8367	969	57	that	that	PRON
taxlaw-8367	969	58	he	he	PRON
taxlaw-8367	969	59	recognized.184	recognized.184	ADV
taxlaw-8367	969	60	suppose	suppose	VERB
taxlaw-8367	969	61	taxpayer	taxpayer	PROPN
taxlaw-8367	969	62	t	t	PROPN
taxlaw-8367	969	63	earns	earn	VERB
taxlaw-8367	969	64	$	$	SYM
taxlaw-8367	969	65	100,000	100,000	NUM
taxlaw-8367	969	66	during	during	ADP
taxlaw-8367	969	67	the	the	DET
taxlaw-8367	969	68	period	period	NOUN
taxlaw-8367	969	69	and	and	CCONJ
taxlaw-8367	969	70	,	,	PUNCT
taxlaw-8367	969	71	separately	separately	ADV
taxlaw-8367	969	72	,	,	PUNCT
taxlaw-8367	969	73	borrows	borrow	VERB
taxlaw-8367	969	74	$	$	SYM
taxlaw-8367	969	75	300,000	300,000	NUM
taxlaw-8367	969	76	for	for	ADP
taxlaw-8367	969	77	an	an	DET
taxlaw-8367	969	78	extravagant	extravagant	ADJ
taxlaw-8367	969	79	roundthe	roundthe	PROPN
taxlaw-8367	969	80	-	-	PUNCT
taxlaw-8367	969	81	world	world	NOUN
taxlaw-8367	969	82	trip	trip	NOUN
taxlaw-8367	969	83	for	for	ADP
taxlaw-8367	969	84	herself	herself	PRON
taxlaw-8367	969	85	and	and	CCONJ
taxlaw-8367	969	86	her	her	PRON
taxlaw-8367	969	87	family	family	NOUN
taxlaw-8367	969	88	,	,	PUNCT
taxlaw-8367	969	89	all	all	PRON
taxlaw-8367	969	90	of	of	ADP
taxlaw-8367	969	91	which	which	PRON
taxlaw-8367	969	92	is	be	AUX
taxlaw-8367	969	93	spent	spend	VERB
taxlaw-8367	969	94	in	in	ADP
taxlaw-8367	969	95	the	the	DET
taxlaw-8367	969	96	same	same	ADJ
taxlaw-8367	969	97	year	year	NOUN
taxlaw-8367	969	98	.	.	PUNCT
taxlaw-8367	970	1	a	a	DET
taxlaw-8367	970	2	true	true	ADJ
taxlaw-8367	970	3	cash	cash	NOUN
taxlaw-8367	970	4	-	-	PUNCT
taxlaw-8367	970	5	flow	flow	NOUN
taxlaw-8367	970	6	tax	tax	NOUN
taxlaw-8367	970	7	puts	put	VERB
taxlaw-8367	970	8	t	t	PROPN
taxlaw-8367	970	9	’s	’s	PART
taxlaw-8367	970	10	consumption	consumption	NOUN
taxlaw-8367	970	11	at	at	ADP
taxlaw-8367	970	12	$	$	SYM
taxlaw-8367	970	13	400,000	400,000	NUM
taxlaw-8367	970	14	(	(	PUNCT
taxlaw-8367	970	15	disregarding	disregard	VERB
taxlaw-8367	970	16	the	the	DET
taxlaw-8367	970	17	treatment	treatment	NOUN
taxlaw-8367	970	18	of	of	ADP
taxlaw-8367	970	19	interest	interest	NOUN
taxlaw-8367	970	20	on	on	ADP
taxlaw-8367	970	21	the	the	DET
taxlaw-8367	970	22	loan	loan	NOUN
taxlaw-8367	970	23	)	)	PUNCT
taxlaw-8367	970	24	,	,	PUNCT
taxlaw-8367	970	25	whereas	whereas	SCONJ
taxlaw-8367	970	26	an	an	DET
taxlaw-8367	970	27	income	income	NOUN
taxlaw-8367	970	28	tax	tax	NOUN
taxlaw-8367	970	29	disregards	disregard	VERB
taxlaw-8367	970	30	the	the	DET
taxlaw-8367	970	31	loan	loan	NOUN
taxlaw-8367	970	32	proceeds	proceed	NOUN
taxlaw-8367	970	33	.	.	PUNCT
taxlaw-8367	971	1	two	two	NUM
taxlaw-8367	971	2	points	point	NOUN
taxlaw-8367	971	3	follow	follow	VERB
taxlaw-8367	971	4	.	.	PUNCT
taxlaw-8367	972	1	first	first	ADV
taxlaw-8367	972	2	,	,	PUNCT
taxlaw-8367	972	3	the	the	DET
taxlaw-8367	972	4	inclusion	inclusion	NOUN
taxlaw-8367	972	5	of	of	ADP
taxlaw-8367	972	6	consumption	consumption	NOUN
taxlaw-8367	972	7	in	in	ADP
taxlaw-8367	972	8	the	the	DET
taxlaw-8367	972	9	h	h	NOUN
taxlaw-8367	972	10	-	-	PUNCT
taxlaw-8367	972	11	s	s	NOUN
taxlaw-8367	972	12	income	income	NOUN
taxlaw-8367	972	13	definition	definition	NOUN
taxlaw-8367	972	14	should	should	AUX
taxlaw-8367	972	15	be	be	AUX
taxlaw-8367	972	16	understood	understand	VERB
taxlaw-8367	972	17	as	as	ADP
taxlaw-8367	972	18	a	a	DET
taxlaw-8367	972	19	kind	kind	NOUN
taxlaw-8367	972	20	of	of	ADP
taxlaw-8367	972	21	backstop	backstop	NOUN
taxlaw-8367	972	22	;	;	PUNCT
taxlaw-8367	972	23	it	it	PRON
taxlaw-8367	972	24	is	be	AUX
taxlaw-8367	972	25	not	not	PART
taxlaw-8367	972	26	so	so	ADV
taxlaw-8367	972	27	much	much	ADJ
taxlaw-8367	972	28	part	part	NOUN
taxlaw-8367	972	29	of	of	ADP
taxlaw-8367	972	30	the	the	DET
taxlaw-8367	972	31	definition	definition	NOUN
taxlaw-8367	972	32	of	of	ADP
taxlaw-8367	972	33	income	income	NOUN
taxlaw-8367	972	34	as	as	ADP
taxlaw-8367	972	35	a	a	DET
taxlaw-8367	972	36	concession	concession	NOUN
taxlaw-8367	972	37	to	to	ADP
taxlaw-8367	972	38	the	the	DET
taxlaw-8367	972	39	periodic	periodic	ADJ
taxlaw-8367	972	40	nature	nature	NOUN
taxlaw-8367	972	41	of	of	ADP
taxlaw-8367	972	42	the	the	DET
taxlaw-8367	972	43	tax	tax	NOUN
taxlaw-8367	972	44	.	.	PUNCT
taxlaw-8367	973	1	in	in	ADP
taxlaw-8367	973	2	calculating	calculate	VERB
taxlaw-8367	973	3	income	income	NOUN
taxlaw-8367	973	4	,	,	PUNCT
taxlaw-8367	973	5	one	one	PRON
taxlaw-8367	973	6	can	can	AUX
taxlaw-8367	973	7	not	not	PART
taxlaw-8367	973	8	simply	simply	ADV
taxlaw-8367	973	9	compare	compare	VERB
taxlaw-8367	973	10	wealth	wealth	NOUN
taxlaw-8367	973	11	on	on	ADP
taxlaw-8367	973	12	hand	hand	NOUN
taxlaw-8367	973	13	at	at	ADP
taxlaw-8367	973	14	the	the	DET
taxlaw-8367	973	15	end	end	NOUN
taxlaw-8367	973	16	of	of	ADP
taxlaw-8367	973	17	the	the	DET
taxlaw-8367	973	18	taxable	taxable	ADJ
taxlaw-8367	973	19	period	period	NOUN
taxlaw-8367	973	20	to	to	ADP
taxlaw-8367	973	21	wealth	wealth	NOUN
taxlaw-8367	973	22	at	at	ADP
taxlaw-8367	973	23	the	the	DET
taxlaw-8367	973	24	end	end	NOUN
taxlaw-8367	973	25	of	of	ADP
taxlaw-8367	973	26	the	the	DET
taxlaw-8367	973	27	previous	previous	ADJ
taxlaw-8367	973	28	period	period	NOUN
taxlaw-8367	973	29	because	because	SCONJ
taxlaw-8367	973	30	some	some	PRON
taxlaw-8367	973	31	,	,	PUNCT
taxlaw-8367	973	32	perhaps	perhaps	ADV
taxlaw-8367	973	33	much	much	ADJ
taxlaw-8367	973	34	,	,	PUNCT
taxlaw-8367	973	35	of	of	ADP
taxlaw-8367	973	36	the	the	DET
taxlaw-8367	973	37	wealth	wealth	NOUN
taxlaw-8367	973	38	received	receive	VERB
taxlaw-8367	973	39	during	during	ADP
taxlaw-8367	973	40	the	the	DET
taxlaw-8367	973	41	period	period	NOUN
taxlaw-8367	973	42	may	may	AUX
taxlaw-8367	973	43	have	have	AUX
taxlaw-8367	973	44	been	be	AUX
taxlaw-8367	973	45	transformed	transform	VERB
taxlaw-8367	973	46	into	into	ADP
taxlaw-8367	973	47	psychological	psychological	ADJ
taxlaw-8367	973	48	satisfactions	satisfaction	NOUN
taxlaw-8367	973	49	that	that	PRON
taxlaw-8367	973	50	would	would	AUX
taxlaw-8367	973	51	otherwise	otherwise	ADV
taxlaw-8367	973	52	disappear	disappear	VERB
taxlaw-8367	973	53	from	from	ADP
taxlaw-8367	973	54	the	the	DET
taxlaw-8367	973	55	base	base	NOUN
taxlaw-8367	973	56	if	if	SCONJ
taxlaw-8367	973	57	consumption	consumption	NOUN
taxlaw-8367	973	58	were	be	AUX
taxlaw-8367	973	59	disregarded	disregard	VERB
taxlaw-8367	973	60	.	.	PUNCT
taxlaw-8367	974	1	but	but	CCONJ
taxlaw-8367	974	2	if	if	SCONJ
taxlaw-8367	974	3	the	the	DET
taxlaw-8367	974	4	tax	tax	NOUN
taxlaw-8367	974	5	were	be	AUX
taxlaw-8367	974	6	calculated	calculate	VERB
taxlaw-8367	974	7	on	on	ADP
taxlaw-8367	974	8	a	a	DET
taxlaw-8367	974	9	continuous	continuous	ADJ
taxlaw-8367	974	10	rather	rather	ADV
taxlaw-8367	974	11	than	than	ADP
taxlaw-8367	974	12	a	a	DET
taxlaw-8367	974	13	periodic	periodic	ADJ
taxlaw-8367	974	14	basis	basis	NOUN
taxlaw-8367	974	15	,	,	PUNCT
taxlaw-8367	974	16	the	the	DET
taxlaw-8367	974	17	inclusion	inclusion	NOUN
taxlaw-8367	974	18	of	of	ADP
taxlaw-8367	974	19	consumption	consumption	NOUN
taxlaw-8367	974	20	would	would	AUX
taxlaw-8367	974	21	be	be	AUX
taxlaw-8367	974	22	unnecessary	unnecessary	ADJ
taxlaw-8367	974	23	because	because	SCONJ
taxlaw-8367	974	24	the	the	DET
taxlaw-8367	974	25	income	income	NOUN
taxlaw-8367	974	26	that	that	PRON
taxlaw-8367	974	27	funded	fund	VERB
taxlaw-8367	974	28	it	it	PRON
taxlaw-8367	974	29	would	would	AUX
taxlaw-8367	974	30	have	have	AUX
taxlaw-8367	974	31	been	be	AUX
taxlaw-8367	974	32	included	include	VERB
taxlaw-8367	974	33	on	on	ADP
taxlaw-8367	974	34	receipt.185	receipt.185	NOUN
taxlaw-8367	974	35	in	in	ADP
taxlaw-8367	974	36	other	other	ADJ
taxlaw-8367	974	37	words	word	NOUN
taxlaw-8367	974	38	,	,	PUNCT
taxlaw-8367	974	39	an	an	DET
taxlaw-8367	974	40	income	income	NOUN
taxlaw-8367	974	41	tax	tax	NOUN
taxlaw-8367	974	42	is	be	AUX
taxlaw-8367	974	43	really	really	ADV
taxlaw-8367	974	44	an	an	DET
taxlaw-8367	974	45	accessions	accession	NOUN
taxlaw-8367	974	46	tax	tax	NOUN
taxlaw-8367	974	47	,	,	PUNCT
taxlaw-8367	974	48	where	where	SCONJ
taxlaw-8367	974	49	accession	accession	NOUN
taxlaw-8367	974	50	is	be	AUX
taxlaw-8367	974	51	understood	understand	VERB
taxlaw-8367	974	52	as	as	ADP
taxlaw-8367	974	53	the	the	DET
taxlaw-8367	974	54	receipt	receipt	NOUN
taxlaw-8367	974	55	of	of	ADP
taxlaw-8367	974	56	value	value	NOUN
taxlaw-8367	974	57	in	in	ADP
taxlaw-8367	974	58	excess	excess	NOUN
taxlaw-8367	974	59	of	of	ADP
taxlaw-8367	974	60	alreadytaxed	alreadytaxed	ADJ
taxlaw-8367	974	61	amounts	amount	NOUN
taxlaw-8367	974	62	against	against	ADP
taxlaw-8367	974	63	which	which	PRON
taxlaw-8367	974	64	there	there	PRON
taxlaw-8367	974	65	is	be	VERB
taxlaw-8367	974	66	no	no	DET
taxlaw-8367	974	67	claim	claim	NOUN
taxlaw-8367	974	68	.	.	PUNCT
taxlaw-8367	975	1	consumption	consumption	NOUN
taxlaw-8367	975	2	,	,	PUNCT
taxlaw-8367	975	3	therefore	therefore	ADV
taxlaw-8367	975	4	,	,	PUNCT
taxlaw-8367	975	5	is	be	AUX
taxlaw-8367	975	6	not	not	PART
taxlaw-8367	975	7	a	a	DET
taxlaw-8367	975	8	proxy	proxy	NOUN
taxlaw-8367	975	9	for	for	ADP
taxlaw-8367	975	10	income	income	NOUN
taxlaw-8367	975	11	,	,	PUNCT
taxlaw-8367	975	12	because	because	SCONJ
taxlaw-8367	975	13	consumption	consumption	NOUN
taxlaw-8367	975	14	can	can	AUX
taxlaw-8367	975	15	be	be	AUX
taxlaw-8367	975	16	financed	finance	VERB
taxlaw-8367	975	17	with	with	ADP
taxlaw-8367	975	18	amounts	amount	NOUN
taxlaw-8367	975	19	against	against	ADP
taxlaw-8367	975	20	which	which	PRON
taxlaw-8367	975	21	others	other	NOUN
taxlaw-8367	975	22	do	do	AUX
taxlaw-8367	975	23	have	have	VERB
taxlaw-8367	975	24	a	a	DET
taxlaw-8367	975	25	claim	claim	NOUN
taxlaw-8367	975	26	,	,	PUNCT
taxlaw-8367	975	27	such	such	ADJ
taxlaw-8367	975	28	as	as	ADP
taxlaw-8367	975	29	when	when	SCONJ
taxlaw-8367	975	30	consumption	consumption	NOUN
taxlaw-8367	975	31	is	be	AUX
taxlaw-8367	975	32	debt	debt	NOUN
taxlaw-8367	975	33	-	-	PUNCT
taxlaw-8367	975	34	financed	finance	VERB
taxlaw-8367	975	35	.	.	PUNCT
taxlaw-8367	976	1	secondly	secondly	ADV
taxlaw-8367	976	2	,	,	PUNCT
taxlaw-8367	976	3	and	and	CCONJ
taxlaw-8367	976	4	more	more	ADV
taxlaw-8367	976	5	importantly	importantly	ADV
taxlaw-8367	976	6	,	,	PUNCT
taxlaw-8367	976	7	the	the	DET
taxlaw-8367	976	8	denial	denial	NOUN
taxlaw-8367	976	9	of	of	ADP
taxlaw-8367	976	10	an	an	DET
taxlaw-8367	976	11	inclusion	inclusion	NOUN
taxlaw-8367	976	12	for	for	ADP
taxlaw-8367	976	13	amounts	amount	NOUN
taxlaw-8367	976	14	spent	spend	VERB
taxlaw-8367	976	15	on	on	ADP
taxlaw-8367	976	16	debt	debt	NOUN
taxlaw-8367	976	17	-	-	PUNCT
taxlaw-8367	976	18	financed	finance	VERB
taxlaw-8367	976	19	consumption	consumption	NOUN
taxlaw-8367	976	20	does	do	AUX
taxlaw-8367	976	21	not	not	PART
taxlaw-8367	976	22	extend	extend	VERB
taxlaw-8367	976	23	to	to	ADP
taxlaw-8367	976	24	the	the	DET
taxlaw-8367	976	25	algebraic	algebraic	ADJ
taxlaw-8367	976	26	derivation	derivation	NOUN
taxlaw-8367	976	27	of	of	ADP
taxlaw-8367	976	28	a	a	DET
taxlaw-8367	976	29	cash	cash	NOUN
taxlaw-8367	976	30	-	-	PUNCT
taxlaw-8367	976	31	flow	flow	NOUN
taxlaw-8367	976	32	consumption	consumption	NOUN
taxlaw-8367	976	33	tax	tax	NOUN
taxlaw-8367	976	34	from	from	ADP
taxlaw-8367	976	35	the	the	DET
taxlaw-8367	976	36	h	h	NOUN
taxlaw-8367	976	37	-	-	PUNCT
taxlaw-8367	976	38	s	s	NOUN
taxlaw-8367	976	39	income	income	NOUN
taxlaw-8367	976	40	definition	definition	NOUN
taxlaw-8367	976	41	.	.	PUNCT
taxlaw-8367	977	1	that	that	PRON
taxlaw-8367	977	2	is	be	AUX
taxlaw-8367	977	3	,	,	PUNCT
taxlaw-8367	977	4	the	the	DET
taxlaw-8367	977	5	(	(	PUNCT
taxlaw-8367	977	6	technically	technically	ADJ
taxlaw-8367	977	7	)	)	PUNCT
taxlaw-8367	977	8	proper	proper	ADJ
taxlaw-8367	977	9	definition	definition	NOUN
taxlaw-8367	977	10	of	of	ADP
taxlaw-8367	977	11	a	a	DET
taxlaw-8367	977	12	cash	cash	NOUN
taxlaw-8367	977	13	-	-	PUNCT
taxlaw-8367	977	14	flow	flow	NOUN
taxlaw-8367	977	15	tax	tax	NOUN
taxlaw-8367	977	16	as	as	ADP
taxlaw-8367	977	17	c	c	NOUN
taxlaw-8367	977	18	=	=	PRON
taxlaw-8367	978	1	i	i	PRON
taxlaw-8367	978	2	w	w	NOUN
taxlaw-8367	978	3	applies	apply	VERB
taxlaw-8367	978	4	only	only	ADV
taxlaw-8367	978	5	if	if	SCONJ
taxlaw-8367	978	6	i	i	PRON
taxlaw-8367	978	7	includes	include	VERB
taxlaw-8367	978	8	loan	loan	NOUN
taxlaw-8367	978	9	proceeds	proceed	NOUN
taxlaw-8367	978	10	.	.	PUNCT
taxlaw-8367	979	1	if	if	SCONJ
taxlaw-8367	979	2	i	i	PRON
taxlaw-8367	979	3	does	do	AUX
taxlaw-8367	979	4	not	not	PART
taxlaw-8367	979	5	include	include	VERB
taxlaw-8367	979	6	loan	loan	NOUN
taxlaw-8367	979	7	proceeds	proceed	NOUN
taxlaw-8367	979	8	,	,	PUNCT
taxlaw-8367	979	9	then	then	ADV
taxlaw-8367	979	10	the	the	DET
taxlaw-8367	979	11	tax	tax	NOUN
taxlaw-8367	979	12	is	be	AUX
taxlaw-8367	979	13	no	no	ADV
taxlaw-8367	979	14	longer	long	ADV
taxlaw-8367	979	15	a	a	DET
taxlaw-8367	979	16	cash	cash	NOUN
taxlaw-8367	979	17	-	-	PUNCT
taxlaw-8367	979	18	flow	flow	NOUN
taxlaw-8367	979	19	tax	tax	NOUN
taxlaw-8367	979	20	.	.	PUNCT
taxlaw-8367	980	1	but	but	CCONJ
taxlaw-8367	980	2	if	if	SCONJ
taxlaw-8367	980	3	i	i	PRON
taxlaw-8367	980	4	includes	include	VERB
taxlaw-8367	980	5	loan	loan	NOUN
taxlaw-8367	980	6	proceeds	proceed	NOUN
taxlaw-8367	980	7	,	,	PUNCT
taxlaw-8367	980	8	it	it	PRON
taxlaw-8367	980	9	is	be	AUX
taxlaw-8367	980	10	not	not	PART
taxlaw-8367	980	11	a	a	DET
taxlaw-8367	980	12	genuine	genuine	ADJ
taxlaw-8367	980	13	income	income	NOUN
taxlaw-8367	980	14	tax	tax	NOUN
taxlaw-8367	980	15	,	,	PUNCT
taxlaw-8367	980	16	for	for	ADP
taxlaw-8367	980	17	the	the	DET
taxlaw-8367	980	18	reasons	reason	NOUN
taxlaw-8367	980	19	developed	develop	VERB
taxlaw-8367	980	20	at	at	ADP
taxlaw-8367	980	21	length	length	NOUN
taxlaw-8367	980	22	in	in	ADP
taxlaw-8367	980	23	this	this	DET
taxlaw-8367	980	24	article	article	NOUN
taxlaw-8367	980	25	.	.	PUNCT
taxlaw-8367	981	1	these	these	DET
taxlaw-8367	981	2	observations	observation	NOUN
taxlaw-8367	981	3	do	do	AUX
taxlaw-8367	981	4	not	not	PART
taxlaw-8367	981	5	defeat	defeat	VERB
taxlaw-8367	981	6	the	the	DET
taxlaw-8367	981	7	general	general	ADJ
taxlaw-8367	981	8	result	result	VERB
taxlaw-8367	981	9	that	that	SCONJ
taxlaw-8367	981	10	in	in	ADP
taxlaw-8367	981	11	their	their	PRON
taxlaw-8367	981	12	pure	pure	ADJ
taxlaw-8367	981	13	forms	form	NOUN
taxlaw-8367	981	14	,	,	PUNCT
taxlaw-8367	981	15	a	a	DET
taxlaw-8367	981	16	cashflow	cashflow	ADJ
taxlaw-8367	981	17	consumption	consumption	NOUN
taxlaw-8367	981	18	tax	tax	NOUN
taxlaw-8367	981	19	and	and	CCONJ
taxlaw-8367	981	20	an	an	DET
taxlaw-8367	981	21	income	income	NOUN
taxlaw-8367	981	22	tax	tax	NOUN
taxlaw-8367	981	23	differ	differ	VERB
taxlaw-8367	981	24	only	only	ADV
taxlaw-8367	981	25	in	in	ADP
taxlaw-8367	981	26	their	their	PRON
taxlaw-8367	981	27	treatment	treatment	NOUN
taxlaw-8367	981	28	of	of	ADP
taxlaw-8367	981	29	the	the	DET
taxlaw-8367	981	30	tax	tax	NOUN
taxlaw-8367	981	31	on	on	ADP
taxlaw-8367	981	32	the	the	DET
taxlaw-8367	981	33	return	return	NOUN
taxlaw-8367	981	34	to	to	ADP
taxlaw-8367	981	35	waiting.186	waiting.186	PROPN
taxlaw-8367	981	36	an	an	DET
taxlaw-8367	981	37	income	income	NOUN
taxlaw-8367	981	38	tax	tax	NOUN
taxlaw-8367	981	39	burdens	burden	NOUN
taxlaw-8367	981	40	that	that	PRON
taxlaw-8367	981	41	return	return	VERB
taxlaw-8367	981	42	while	while	SCONJ
taxlaw-8367	981	43	a	a	DET
taxlaw-8367	981	44	cash	cash	NOUN
taxlaw-8367	981	45	-	-	PUNCT
taxlaw-8367	981	46	flow	flow	NOUN
taxlaw-8367	981	47	tax	tax	NOUN
taxlaw-8367	981	48	does	do	VERB
taxlaw-8367	981	49	not	not	PART
taxlaw-8367	981	50	.	.	PUNCT
taxlaw-8367	982	1	but	but	CCONJ
taxlaw-8367	982	2	they	they	PRON
taxlaw-8367	982	3	do	do	AUX
taxlaw-8367	982	4	highlight	highlight	VERB
taxlaw-8367	982	5	the	the	DET
taxlaw-8367	982	6	substantial	substantial	ADJ
taxlaw-8367	982	7	differences	difference	NOUN
taxlaw-8367	982	8	between	between	ADP
taxlaw-8367	982	9	the	the	DET
taxlaw-8367	982	10	bases	basis	NOUN
taxlaw-8367	982	11	in	in	ADP
taxlaw-8367	982	12	their	their	PRON
taxlaw-8367	982	13	operational	operational	ADJ
taxlaw-8367	982	14	forms	form	NOUN
taxlaw-8367	982	15	,	,	PUNCT
taxlaw-8367	982	16	which	which	PRON
taxlaw-8367	982	17	of	of	ADP
taxlaw-8367	982	18	necessity	necessity	NOUN
taxlaw-8367	982	19	are	be	AUX
taxlaw-8367	982	20	periodic	periodic	ADJ
taxlaw-8367	982	21	.	.	PUNCT
taxlaw-8367	983	1	consumption	consumption	NOUN
taxlaw-8367	983	2	is	be	AUX
taxlaw-8367	983	3	not	not	PART
taxlaw-8367	983	4	a	a	DET
taxlaw-8367	983	5	proxy	proxy	NOUN
taxlaw-8367	983	6	for	for	ADP
taxlaw-8367	983	7	income	income	NOUN
taxlaw-8367	983	8	(	(	PUNCT
taxlaw-8367	983	9	or	or	CCONJ
taxlaw-8367	983	10	wealth	wealth	NOUN
taxlaw-8367	983	11	)	)	PUNCT
taxlaw-8367	983	12	,	,	PUNCT
taxlaw-8367	983	13	which	which	PRON
taxlaw-8367	983	14	means	mean	VERB
taxlaw-8367	983	15	that	that	SCONJ
taxlaw-8367	983	16	large	large	ADJ
taxlaw-8367	983	17	taxes	taxis	NOUN
taxlaw-8367	983	18	may	may	AUX
taxlaw-8367	983	19	be	be	AUX
taxlaw-8367	983	20	due	due	ADJ
taxlaw-8367	983	21	under	under	ADP
taxlaw-8367	983	22	a	a	DET
taxlaw-8367	983	23	consumption	consumption	NOUN
taxlaw-8367	983	24	tax	tax	NOUN
taxlaw-8367	983	25	from	from	ADP
taxlaw-8367	983	26	a	a	DET
taxlaw-8367	983	27	taxpayer	taxpayer	NOUN
taxlaw-8367	983	28	who	who	PRON
taxlaw-8367	983	29	has	have	VERB
taxlaw-8367	983	30	little	little	ADJ
taxlaw-8367	983	31	(	(	PUNCT
taxlaw-8367	983	32	or	or	CCONJ
taxlaw-8367	983	33	even	even	ADV
taxlaw-8367	983	34	negative	negative	ADJ
taxlaw-8367	983	35	)	)	PUNCT
taxlaw-8367	983	36	wealth	wealth	NOUN
taxlaw-8367	983	37	during	during	ADP
taxlaw-8367	983	38	the	the	DET
taxlaw-8367	983	39	period	period	NOUN
taxlaw-8367	983	40	,	,	PUNCT
taxlaw-8367	983	41	and	and	CCONJ
taxlaw-8367	983	42	vice	vice	NOUN
taxlaw-8367	983	43	-	-	NOUN
taxlaw-8367	983	44	versa	versa	ADJ
taxlaw-8367	983	45	.	.	PUNCT
taxlaw-8367	984	1	a	a	DET
taxlaw-8367	984	2	cash	cash	NOUN
taxlaw-8367	984	3	-	-	PUNCT
taxlaw-8367	984	4	flow	flow	NOUN
taxlaw-8367	984	5	consumption	consumption	NOUN
taxlaw-8367	984	6	tax	tax	NOUN
taxlaw-8367	984	7	is	be	AUX
taxlaw-8367	984	8	really	really	ADV
taxlaw-8367	984	9	a	a	DET
taxlaw-8367	984	10	tax	tax	NOUN
taxlaw-8367	984	11	on	on	ADP
taxlaw-8367	984	12	a	a	DET
taxlaw-8367	984	13	flow	flow	NOUN
taxlaw-8367	984	14	of	of	ADP
taxlaw-8367	984	15	satisfactions	satisfaction	NOUN
taxlaw-8367	984	16	to	to	ADP
taxlaw-8367	984	17	the	the	DET
taxlaw-8367	984	18	taxpayer	taxpayer	NOUN
taxlaw-8367	984	19	,	,	PUNCT
taxlaw-8367	984	20	regardless	regardless	ADV
taxlaw-8367	984	21	of	of	ADP
taxlaw-8367	984	22	183	183	NUM
taxlaw-8367	984	23	i	i	PROPN
taxlaw-8367	984	24	d.	d.	PROPN
taxlaw-8367	984	25	at	at	ADP
taxlaw-8367	984	26	1120	1120	NUM
taxlaw-8367	984	27	.	.	PUNCT
taxlaw-8367	985	1	184	184	NUM
taxlaw-8367	985	2	see	see	VERB
taxlaw-8367	985	3	i	i	PRON
taxlaw-8367	985	4	d.	d.	PROPN
taxlaw-8367	985	5	at	at	ADP
taxlaw-8367	985	6	1154	1154	NUM
taxlaw-8367	985	7	-	-	SYM
taxlaw-8367	985	8	55	55	NUM
taxlaw-8367	985	9	.	.	PUNCT
taxlaw-8367	986	1	andrews	andrews	PROPN
taxlaw-8367	986	2	recognizes	recognize	VERB
taxlaw-8367	986	3	that	that	SCONJ
taxlaw-8367	986	4	a	a	DET
taxlaw-8367	986	5	true	true	ADJ
taxlaw-8367	986	6	cash	cash	NOUN
taxlaw-8367	986	7	-	-	PUNCT
taxlaw-8367	986	8	flow	flow	NOUN
taxlaw-8367	986	9	tax	tax	NOUN
taxlaw-8367	986	10	would	would	AUX
taxlaw-8367	986	11	include	include	VERB
taxlaw-8367	986	12	loan	loan	NOUN
taxlaw-8367	986	13	proceeds	proceed	NOUN
taxlaw-8367	986	14	in	in	ADP
taxlaw-8367	986	15	income	income	NOUN
taxlaw-8367	986	16	with	with	ADP
taxlaw-8367	986	17	a	a	DET
taxlaw-8367	986	18	deduction	deduction	NOUN
taxlaw-8367	986	19	if	if	SCONJ
taxlaw-8367	986	20	spent	spend	VERB
taxlaw-8367	986	21	on	on	ADP
taxlaw-8367	986	22	investment	investment	NOUN
taxlaw-8367	986	23	but	but	CCONJ
taxlaw-8367	986	24	none	none	NOUN
taxlaw-8367	986	25	if	if	SCONJ
taxlaw-8367	986	26	spent	spend	VERB
taxlaw-8367	986	27	on	on	ADP
taxlaw-8367	986	28	consumption	consumption	NOUN
taxlaw-8367	986	29	.	.	PUNCT
taxlaw-8367	987	1	at	at	ADP
taxlaw-8367	987	2	the	the	DET
taxlaw-8367	987	3	back	back	ADJ
taxlaw-8367	987	4	end	end	NOUN
taxlaw-8367	987	5	,	,	PUNCT
taxlaw-8367	987	6	all	all	DET
taxlaw-8367	987	7	loan	loan	NOUN
taxlaw-8367	987	8	repayments	repayment	NOUN
taxlaw-8367	987	9	would	would	AUX
taxlaw-8367	987	10	be	be	AUX
taxlaw-8367	987	11	deductible	deductible	ADJ
taxlaw-8367	987	12	.	.	PUNCT
taxlaw-8367	988	1	to	to	PART
taxlaw-8367	988	2	avoid	avoid	VERB
taxlaw-8367	988	3	the	the	DET
taxlaw-8367	988	4	problem	problem	NOUN
taxlaw-8367	988	5	of	of	ADP
taxlaw-8367	988	6	a	a	DET
taxlaw-8367	988	7	large	large	ADJ
taxlaw-8367	988	8	inclusion	inclusion	NOUN
taxlaw-8367	988	9	on	on	ADP
taxlaw-8367	988	10	receipt	receipt	NOUN
taxlaw-8367	988	11	of	of	ADP
taxlaw-8367	988	12	consumer	consumer	NOUN
taxlaw-8367	988	13	debt	debt	NOUN
taxlaw-8367	988	14	,	,	PUNCT
taxlaw-8367	988	15	he	he	PRON
taxlaw-8367	988	16	proposes	propose	VERB
taxlaw-8367	988	17	instead	instead	ADV
taxlaw-8367	988	18	simply	simply	ADV
taxlaw-8367	988	19	disregarding	disregard	VERB
taxlaw-8367	988	20	the	the	DET
taxlaw-8367	988	21	loan	loan	NOUN
taxlaw-8367	988	22	,	,	PUNCT
taxlaw-8367	988	23	which	which	PRON
taxlaw-8367	988	24	in	in	ADP
taxlaw-8367	988	25	most	most	ADJ
taxlaw-8367	988	26	cases	case	NOUN
taxlaw-8367	988	27	would	would	AUX
taxlaw-8367	988	28	result	result	VERB
taxlaw-8367	988	29	in	in	ADP
taxlaw-8367	988	30	a	a	DET
taxlaw-8367	988	31	decent	decent	ADJ
taxlaw-8367	988	32	approximation	approximation	NOUN
taxlaw-8367	988	33	of	of	ADP
taxlaw-8367	988	34	a	a	DET
taxlaw-8367	988	35	consumption	consumption	NOUN
taxlaw-8367	988	36	tax	tax	NOUN
taxlaw-8367	988	37	since	since	SCONJ
taxlaw-8367	988	38	most	most	ADJ
taxlaw-8367	988	39	large	large	ADJ
taxlaw-8367	988	40	consumption	consumption	NOUN
taxlaw-8367	988	41	outlays	outlay	NOUN
taxlaw-8367	988	42	finance	finance	VERB
taxlaw-8367	988	43	consumption	consumption	NOUN
taxlaw-8367	988	44	through	through	ADP
taxlaw-8367	988	45	a	a	DET
taxlaw-8367	988	46	number	number	NOUN
taxlaw-8367	988	47	of	of	ADP
taxlaw-8367	988	48	periods	period	NOUN
taxlaw-8367	988	49	,	,	PUNCT
taxlaw-8367	988	50	unlike	unlike	ADP
taxlaw-8367	988	51	the	the	DET
taxlaw-8367	988	52	example	example	NOUN
taxlaw-8367	988	53	in	in	ADP
taxlaw-8367	988	54	the	the	DET
taxlaw-8367	988	55	text	text	NOUN
taxlaw-8367	988	56	.	.	PUNCT
taxlaw-8367	989	1	185	185	NUM
taxlaw-8367	989	2	for	for	ADP
taxlaw-8367	989	3	the	the	DET
taxlaw-8367	989	4	operation	operation	NOUN
taxlaw-8367	989	5	of	of	ADP
taxlaw-8367	989	6	such	such	DET
taxlaw-8367	989	7	a	a	DET
taxlaw-8367	989	8	tax	tax	NOUN
taxlaw-8367	989	9	,	,	PUNCT
taxlaw-8367	989	10	see	see	VERB
taxlaw-8367	989	11	jeff	jeff	PROPN
taxlaw-8367	989	12	strnad	strnad	PROPN
taxlaw-8367	989	13	,	,	PUNCT
taxlaw-8367	989	14	taxing	tax	VERB
taxlaw-8367	989	15	new	new	ADJ
taxlaw-8367	989	16	financial	financial	ADJ
taxlaw-8367	989	17	products	product	NOUN
taxlaw-8367	989	18	:	:	PUNCT
taxlaw-8367	989	19	a	a	DET
taxlaw-8367	989	20	conceptual	conceptual	ADJ
taxlaw-8367	989	21	framework	framework	NOUN
taxlaw-8367	989	22	,	,	PUNCT
taxlaw-8367	989	23	46	46	NUM
taxlaw-8367	989	24	stan	stan	PROPN
taxlaw-8367	989	25	.	.	PUNCT
taxlaw-8367	990	1	l.	l.	PROPN
taxlaw-8367	990	2	rev	rev	PROPN
taxlaw-8367	990	3	.	.	PROPN
taxlaw-8367	991	1	569	569	NUM
taxlaw-8367	991	2	(	(	PUNCT
taxlaw-8367	991	3	1994	1994	NUM
taxlaw-8367	991	4	)	)	PUNCT
taxlaw-8367	991	5	.	.	PUNCT
taxlaw-8367	992	1	186	186	NUM
taxlaw-8367	992	2	bankman	bankman	NOUN
taxlaw-8367	992	3	&	&	CCONJ
taxlaw-8367	992	4	weisbach	weisbach	NOUN
taxlaw-8367	992	5	,	,	PUNCT
taxlaw-8367	992	6	supra	supra	ADJ
taxlaw-8367	992	7	note	note	NOUN
taxlaw-8367	992	8	181	181	NUM
taxlaw-8367	992	9	,	,	PUNCT
taxlaw-8367	992	10	at	at	ADP
taxlaw-8367	992	11	1417	1417	NUM
taxlaw-8367	992	12	.	.	PUNCT
taxlaw-8367	992	13	2021	2021	NUM
taxlaw-8367	992	14	]	]	PUNCT
taxlaw-8367	992	15	debt	debt	NOUN
taxlaw-8367	992	16	and	and	CCONJ
taxlaw-8367	992	17	taxes	taxis	NOUN
taxlaw-8367	992	18	125	125	NUM
taxlaw-8367	992	19	whether	whether	SCONJ
taxlaw-8367	992	20	the	the	DET
taxlaw-8367	992	21	taxpayer	taxpayer	NOUN
taxlaw-8367	992	22	has	have	VERB
taxlaw-8367	992	23	a	a	DET
taxlaw-8367	992	24	final	final	ADJ
taxlaw-8367	992	25	economic	economic	ADJ
taxlaw-8367	992	26	right	right	NOUN
taxlaw-8367	992	27	to	to	ADP
taxlaw-8367	992	28	them	they	PRON
taxlaw-8367	992	29	.	.	PUNCT
taxlaw-8367	993	1	an	an	DET
taxlaw-8367	993	2	income	income	NOUN
taxlaw-8367	993	3	tax	tax	NOUN
taxlaw-8367	993	4	reaches	reach	VERB
taxlaw-8367	993	5	only	only	ADV
taxlaw-8367	993	6	amounts	amount	NOUN
taxlaw-8367	993	7	“	"	PUNCT
taxlaw-8367	993	8	cleared	clear	VERB
taxlaw-8367	993	9	”	"	PUNCT
taxlaw-8367	993	10	of	of	ADP
taxlaw-8367	993	11	others	other	NOUN
taxlaw-8367	993	12	’	'	PUNCT
taxlaw-8367	993	13	economic	economic	ADJ
taxlaw-8367	993	14	claims	claim	NOUN
taxlaw-8367	993	15	,	,	PUNCT
taxlaw-8367	993	16	regardless	regardless	ADV
taxlaw-8367	993	17	of	of	ADP
taxlaw-8367	993	18	whether	whether	SCONJ
taxlaw-8367	993	19	the	the	DET
taxlaw-8367	993	20	amounts	amount	NOUN
taxlaw-8367	993	21	are	be	AUX
taxlaw-8367	993	22	directed	direct	VERB
taxlaw-8367	993	23	to	to	ADP
taxlaw-8367	993	24	a	a	DET
taxlaw-8367	993	25	flow	flow	NOUN
taxlaw-8367	993	26	of	of	ADP
taxlaw-8367	993	27	satisfactions	satisfaction	NOUN
taxlaw-8367	993	28	to	to	ADP
taxlaw-8367	993	29	the	the	DET
taxlaw-8367	993	30	taxpayer	taxpayer	NOUN
taxlaw-8367	993	31	in	in	ADP
taxlaw-8367	993	32	the	the	DET
taxlaw-8367	993	33	period	period	NOUN
taxlaw-8367	993	34	earned	earn	VERB
taxlaw-8367	993	35	or	or	CCONJ
taxlaw-8367	993	36	in	in	ADP
taxlaw-8367	993	37	a	a	DET
taxlaw-8367	993	38	later	later	ADJ
taxlaw-8367	993	39	period	period	NOUN
taxlaw-8367	993	40	.	.	PUNCT
taxlaw-8367	994	1	vi	vi	X
taxlaw-8367	994	2	.	.	PROPN
taxlaw-8367	994	3	conclusion	conclusion	NOUN
taxlaw-8367	994	4	debt	debt	NOUN
taxlaw-8367	994	5	is	be	AUX
taxlaw-8367	994	6	,	,	PUNCT
taxlaw-8367	994	7	in	in	ADP
taxlaw-8367	994	8	many	many	ADJ
taxlaw-8367	994	9	ways	way	NOUN
taxlaw-8367	994	10	,	,	PUNCT
taxlaw-8367	994	11	a	a	DET
taxlaw-8367	994	12	less	less	ADV
taxlaw-8367	994	13	complicated	complicated	ADJ
taxlaw-8367	994	14	arrangement	arrangement	NOUN
taxlaw-8367	994	15	than	than	ADP
taxlaw-8367	994	16	income	income	NOUN
taxlaw-8367	994	17	tax	tax	NOUN
taxlaw-8367	994	18	scholarship	scholarship	NOUN
taxlaw-8367	994	19	has	have	AUX
taxlaw-8367	994	20	made	make	VERB
taxlaw-8367	994	21	it	it	PRON
taxlaw-8367	994	22	out	out	ADP
taxlaw-8367	994	23	to	to	PART
taxlaw-8367	994	24	be	be	AUX
taxlaw-8367	994	25	.	.	PUNCT
taxlaw-8367	995	1	it	it	PRON
taxlaw-8367	995	2	is	be	AUX
taxlaw-8367	995	3	a	a	DET
taxlaw-8367	995	4	simple	simple	ADJ
taxlaw-8367	995	5	value	value	NOUN
taxlaw-8367	995	6	-	-	PUNCT
taxlaw-8367	995	7	for	for	ADP
taxlaw-8367	995	8	-	-	PUNCT
taxlaw-8367	995	9	value	value	NOUN
taxlaw-8367	995	10	exchange	exchange	NOUN
taxlaw-8367	995	11	,	,	PUNCT
taxlaw-8367	995	12	in	in	ADP
taxlaw-8367	995	13	most	most	ADJ
taxlaw-8367	995	14	cases	case	NOUN
taxlaw-8367	995	15	nontaxable	nontaxable	ADJ
taxlaw-8367	995	16	to	to	ADP
taxlaw-8367	995	17	the	the	DET
taxlaw-8367	995	18	parties	party	NOUN
taxlaw-8367	995	19	involved	involve	VERB
taxlaw-8367	995	20	for	for	ADP
taxlaw-8367	995	21	reasons	reason	NOUN
taxlaw-8367	995	22	that	that	PRON
taxlaw-8367	995	23	follow	follow	VERB
taxlaw-8367	995	24	in	in	ADP
taxlaw-8367	995	25	a	a	DET
taxlaw-8367	995	26	straightforward	straightforward	ADJ
taxlaw-8367	995	27	way	way	NOUN
taxlaw-8367	995	28	from	from	ADP
taxlaw-8367	995	29	the	the	DET
taxlaw-8367	995	30	definition	definition	NOUN
taxlaw-8367	995	31	of	of	ADP
taxlaw-8367	995	32	income	income	NOUN
taxlaw-8367	995	33	as	as	ADP
taxlaw-8367	995	34	an	an	DET
taxlaw-8367	995	35	accession	accession	NOUN
taxlaw-8367	995	36	to	to	ADP
taxlaw-8367	995	37	wealth	wealth	NOUN
taxlaw-8367	995	38	and	and	CCONJ
taxlaw-8367	995	39	the	the	DET
taxlaw-8367	995	40	nature	nature	NOUN
taxlaw-8367	995	41	of	of	ADP
taxlaw-8367	995	42	what	what	PRON
taxlaw-8367	995	43	is	be	AUX
taxlaw-8367	995	44	exchanged	exchange	VERB
taxlaw-8367	995	45	in	in	ADP
taxlaw-8367	995	46	the	the	DET
taxlaw-8367	995	47	transaction	transaction	NOUN
taxlaw-8367	995	48	.	.	PUNCT
taxlaw-8367	996	1	further	far	ADV
taxlaw-8367	996	2	,	,	PUNCT
taxlaw-8367	996	3	cancellation	cancellation	NOUN
taxlaw-8367	996	4	of	of	ADP
taxlaw-8367	996	5	debt	debt	NOUN
taxlaw-8367	996	6	triggers	trigger	NOUN
taxlaw-8367	996	7	income	income	NOUN
taxlaw-8367	996	8	to	to	ADP
taxlaw-8367	996	9	the	the	DET
taxlaw-8367	996	10	borrower	borrower	NOUN
taxlaw-8367	996	11	(	(	PUNCT
taxlaw-8367	996	12	and	and	CCONJ
taxlaw-8367	996	13	a	a	DET
taxlaw-8367	996	14	deduction	deduction	NOUN
taxlaw-8367	996	15	to	to	ADP
taxlaw-8367	996	16	the	the	DET
taxlaw-8367	996	17	lender	lender	NOUN
taxlaw-8367	996	18	)	)	PUNCT
taxlaw-8367	996	19	for	for	ADP
taxlaw-8367	996	20	reasons	reason	NOUN
taxlaw-8367	996	21	having	have	VERB
taxlaw-8367	996	22	nothing	nothing	PRON
taxlaw-8367	996	23	to	to	PART
taxlaw-8367	996	24	do	do	VERB
taxlaw-8367	996	25	with	with	ADP
taxlaw-8367	996	26	a	a	DET
taxlaw-8367	996	27	retroactive	retroactive	ADJ
taxlaw-8367	996	28	tax	tax	NOUN
taxlaw-8367	996	29	benefit	benefit	NOUN
taxlaw-8367	996	30	rationale	rationale	NOUN
taxlaw-8367	996	31	but	but	CCONJ
taxlaw-8367	996	32	simply	simply	ADV
taxlaw-8367	996	33	because	because	SCONJ
taxlaw-8367	996	34	an	an	DET
taxlaw-8367	996	35	item	item	NOUN
taxlaw-8367	996	36	formerly	formerly	ADV
taxlaw-8367	996	37	not	not	PART
taxlaw-8367	996	38	part	part	NOUN
taxlaw-8367	996	39	of	of	ADP
taxlaw-8367	996	40	the	the	DET
taxlaw-8367	996	41	borrower	borrower	NOUN
taxlaw-8367	996	42	’s	’s	PART
taxlaw-8367	996	43	income	income	NOUN
taxlaw-8367	996	44	—	—	PUNCT
taxlaw-8367	996	45	the	the	DET
taxlaw-8367	996	46	“	"	PUNCT
taxlaw-8367	996	47	remainder	remainder	NOUN
taxlaw-8367	996	48	”	"	PUNCT
taxlaw-8367	996	49	in	in	ADP
taxlaw-8367	996	50	the	the	DET
taxlaw-8367	996	51	cash	cash	NOUN
taxlaw-8367	996	52	lent	lent	NOUN
taxlaw-8367	996	53	—	—	PUNCT
taxlaw-8367	996	54	becomes	become	VERB
taxlaw-8367	996	55	part	part	NOUN
taxlaw-8367	996	56	of	of	ADP
taxlaw-8367	996	57	the	the	DET
taxlaw-8367	996	58	income	income	NOUN
taxlaw-8367	996	59	in	in	ADP
taxlaw-8367	996	60	the	the	DET
taxlaw-8367	996	61	period	period	NOUN
taxlaw-8367	996	62	of	of	ADP
taxlaw-8367	996	63	cancellation	cancellation	NOUN
taxlaw-8367	996	64	.	.	PUNCT
taxlaw-8367	997	1	viewing	view	VERB
taxlaw-8367	997	2	loans	loan	NOUN
taxlaw-8367	997	3	in	in	ADP
taxlaw-8367	997	4	this	this	DET
taxlaw-8367	997	5	way	way	NOUN
taxlaw-8367	997	6	,	,	PUNCT
taxlaw-8367	997	7	as	as	ADP
taxlaw-8367	997	8	an	an	DET
taxlaw-8367	997	9	exchange	exchange	NOUN
taxlaw-8367	997	10	of	of	ADP
taxlaw-8367	997	11	interest	interest	NOUN
taxlaw-8367	997	12	for	for	ADP
taxlaw-8367	997	13	liquidity	liquidity	NOUN
taxlaw-8367	997	14	,	,	PUNCT
taxlaw-8367	997	15	does	do	AUX
taxlaw-8367	997	16	have	have	VERB
taxlaw-8367	997	17	consequences	consequence	NOUN
taxlaw-8367	997	18	for	for	ADP
taxlaw-8367	997	19	existing	exist	VERB
taxlaw-8367	997	20	law	law	NOUN
taxlaw-8367	997	21	beyond	beyond	ADP
taxlaw-8367	997	22	shoring	shore	VERB
taxlaw-8367	997	23	up	up	ADP
taxlaw-8367	997	24	the	the	DET
taxlaw-8367	997	25	rules	rule	NOUN
taxlaw-8367	997	26	that	that	PRON
taxlaw-8367	997	27	apply	apply	VERB
taxlaw-8367	997	28	in	in	ADP
taxlaw-8367	997	29	most	most	ADJ
taxlaw-8367	997	30	settings	setting	NOUN
taxlaw-8367	997	31	.	.	PUNCT
taxlaw-8367	998	1	because	because	SCONJ
taxlaw-8367	998	2	the	the	DET
taxlaw-8367	998	3	tax	tax	NOUN
taxlaw-8367	998	4	law	law	NOUN
taxlaw-8367	998	5	treats	treat	VERB
taxlaw-8367	998	6	a	a	DET
taxlaw-8367	998	7	partnership	partnership	NOUN
taxlaw-8367	998	8	’s	’s	PART
taxlaw-8367	998	9	borrowing	borrowing	NOUN
taxlaw-8367	998	10	as	as	ADP
taxlaw-8367	998	11	borrowing	borrow	VERB
taxlaw-8367	998	12	by	by	ADP
taxlaw-8367	998	13	the	the	DET
taxlaw-8367	998	14	individual	individual	ADJ
taxlaw-8367	998	15	partners	partner	NOUN
taxlaw-8367	998	16	,	,	PUNCT
taxlaw-8367	998	17	it	it	PRON
taxlaw-8367	998	18	becomes	become	VERB
taxlaw-8367	998	19	necessary	necessary	ADJ
taxlaw-8367	998	20	to	to	PART
taxlaw-8367	998	21	allocate	allocate	VERB
taxlaw-8367	998	22	basis	basis	NOUN
taxlaw-8367	998	23	credit	credit	NOUN
taxlaw-8367	998	24	among	among	ADP
taxlaw-8367	998	25	them	they	PRON
taxlaw-8367	998	26	in	in	ADP
taxlaw-8367	998	27	some	some	DET
taxlaw-8367	998	28	manner	manner	NOUN
taxlaw-8367	998	29	.	.	PUNCT
taxlaw-8367	999	1	under	under	ADP
taxlaw-8367	999	2	lal	lal	PROPN
taxlaw-8367	999	3	,	,	PUNCT
taxlaw-8367	999	4	it	it	PRON
taxlaw-8367	999	5	is	be	AUX
taxlaw-8367	999	6	clear	clear	ADJ
taxlaw-8367	999	7	that	that	SCONJ
taxlaw-8367	999	8	basis	basis	NOUN
taxlaw-8367	999	9	should	should	AUX
taxlaw-8367	999	10	be	be	AUX
taxlaw-8367	999	11	allocated	allocate	VERB
taxlaw-8367	999	12	to	to	ADP
taxlaw-8367	999	13	each	each	DET
taxlaw-8367	999	14	partner	partner	NOUN
taxlaw-8367	999	15	based	base	VERB
taxlaw-8367	999	16	on	on	ADP
taxlaw-8367	999	17	the	the	DET
taxlaw-8367	999	18	extent	extent	NOUN
taxlaw-8367	999	19	to	to	PART
taxlaw-8367	999	20	which	which	PRON
taxlaw-8367	999	21	the	the	DET
taxlaw-8367	999	22	partner	partner	NOUN
taxlaw-8367	999	23	bears	bear	VERB
taxlaw-8367	999	24	the	the	DET
taxlaw-8367	999	25	economic	economic	ADJ
taxlaw-8367	999	26	burden	burden	NOUN
taxlaw-8367	999	27	of	of	ADP
taxlaw-8367	999	28	paying	pay	VERB
taxlaw-8367	999	29	for	for	ADP
taxlaw-8367	999	30	the	the	DET
taxlaw-8367	999	31	liquidity	liquidity	NOUN
taxlaw-8367	999	32	.	.	PUNCT
taxlaw-8367	1000	1	existing	exist	VERB
taxlaw-8367	1000	2	rules	rule	NOUN
taxlaw-8367	1000	3	for	for	ADP
taxlaw-8367	1000	4	recourse	recourse	NOUN
taxlaw-8367	1000	5	debt	debt	NOUN
taxlaw-8367	1000	6	do	do	AUX
taxlaw-8367	1000	7	not	not	PART
taxlaw-8367	1000	8	follow	follow	VERB
taxlaw-8367	1000	9	that	that	DET
taxlaw-8367	1000	10	principle	principle	NOUN
taxlaw-8367	1000	11	,	,	PUNCT
taxlaw-8367	1000	12	while	while	SCONJ
taxlaw-8367	1000	13	some	some	PRON
taxlaw-8367	1000	14	of	of	ADP
taxlaw-8367	1000	15	the	the	DET
taxlaw-8367	1000	16	rules	rule	NOUN
taxlaw-8367	1000	17	for	for	ADP
taxlaw-8367	1000	18	nonrecourse	nonrecourse	NOUN
taxlaw-8367	1000	19	debt	debt	NOUN
taxlaw-8367	1000	20	come	come	VERB
taxlaw-8367	1000	21	close	close	ADV
taxlaw-8367	1000	22	.	.	PUNCT
taxlaw-8367	1001	1	a	a	DET
taxlaw-8367	1001	2	modification	modification	NOUN
taxlaw-8367	1001	3	to	to	ADP
taxlaw-8367	1001	4	the	the	DET
taxlaw-8367	1001	5	tax	tax	NOUN
taxlaw-8367	1001	6	rules	rule	NOUN
taxlaw-8367	1001	7	that	that	PRON
taxlaw-8367	1001	8	treats	treat	VERB
taxlaw-8367	1001	9	all	all	DET
taxlaw-8367	1001	10	partnership	partnership	NOUN
taxlaw-8367	1001	11	debt	debt	NOUN
taxlaw-8367	1001	12	—	—	PUNCT
taxlaw-8367	1001	13	recourse	recourse	NOUN
taxlaw-8367	1001	14	or	or	CCONJ
taxlaw-8367	1001	15	nonrecourse	nonrecourse	NOUN
taxlaw-8367	1001	16	—	—	PUNCT
taxlaw-8367	1001	17	under	under	ADP
taxlaw-8367	1001	18	lal	lal	PROPN
taxlaw-8367	1001	19	would	would	AUX
taxlaw-8367	1001	20	both	both	PRON
taxlaw-8367	1001	21	allocate	allocate	VERB
taxlaw-8367	1001	22	basis	basis	NOUN
taxlaw-8367	1001	23	credit	credit	NOUN
taxlaw-8367	1001	24	properly	properly	ADV
taxlaw-8367	1001	25	and	and	CCONJ
taxlaw-8367	1001	26	remove	remove	VERB
taxlaw-8367	1001	27	a	a	DET
taxlaw-8367	1001	28	significant	significant	ADJ
taxlaw-8367	1001	29	discontinuity	discontinuity	NOUN
taxlaw-8367	1001	30	in	in	ADP
taxlaw-8367	1001	31	the	the	DET
taxlaw-8367	1001	32	tax	tax	NOUN
taxlaw-8367	1001	33	law	law	NOUN
taxlaw-8367	1001	34	.	.	PUNCT