id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-297	Postlewaite, Philip F.	Optional Basis Adjustments Under Subchapter K: Trap for the Unwary, Tax Planning Tool, or Both? Should They Be Mandatory?	2019	52	.pdf	application/pdf	21409	1025	54	By affording the purchaser and/or the remaining partners an elective basis adjustment in such settings, Congress has permitted the impacted parties to switch to an aggregate treatment of the enterprise and generate basis adjustments for the assets of the partnership. In Part II, the purpose and application of the section 743(b) basis adjustment is examined.	cache/ftr-297.pdf	txt/ftr-297.txt