id	sid	tid	token	lemma	pos
ftr-385	1	1	329	329	NUM
ftr-385	1	2	florida	florida	PROPN
ftr-385	1	3	tax	tax	NOUN
ftr-385	1	4	review	review	NOUN
ftr-385	1	5	volume	volume	NOUN
ftr-385	1	6	8	8	NUM
ftr-385	1	7	2007	2007	NUM
ftr-385	1	8	number	number	NOUN
ftr-385	1	9	3	3	NUM
ftr-385	1	10	taxing	tax	VERB
ftr-385	1	11	hot	hot	ADJ
ftr-385	1	12	asset	asset	NOUN
ftr-385	1	13	shifts	shift	NOUN
ftr-385	1	14	by	by	ADP
ftr-385	1	15	karen	karen	PROPN
ftr-385	1	16	c.	c.	PROPN
ftr-385	1	17	burke	burke	PROPN
ftr-385	1	18	i.	i.	PROPN
ftr-385	1	19	introduction	introduction	NOUN
ftr-385	1	20	.	.	PUNCT
ftr-385	1	21	.	.	PUNCT
ftr-385	1	22	.	.	PUNCT
ftr-385	1	23	.	.	PUNCT
ftr-385	1	24	.	.	PUNCT
ftr-385	1	25	.	.	PUNCT
ftr-385	1	26	.	.	PUNCT
ftr-385	1	27	.	.	PUNCT
ftr-385	1	28	.	.	PUNCT
ftr-385	1	29	.	.	PUNCT
ftr-385	1	30	.	.	PUNCT
ftr-385	1	31	.	.	PUNCT
ftr-385	1	32	.	.	PUNCT
ftr-385	1	33	.	.	PUNCT
ftr-385	1	34	.	.	PUNCT
ftr-385	1	35	.	.	PUNCT
ftr-385	1	36	.	.	PUNCT
ftr-385	1	37	.	.	PUNCT
ftr-385	1	38	.	.	PUNCT
ftr-385	1	39	.	.	PUNCT
ftr-385	1	40	.	.	PUNCT
ftr-385	1	41	.	.	PUNCT
ftr-385	1	42	.	.	PUNCT
ftr-385	1	43	.	.	PUNCT
ftr-385	1	44	.	.	PUNCT
ftr-385	1	45	.	.	PUNCT
ftr-385	1	46	.	.	PUNCT
ftr-385	1	47	.	.	PUNCT
ftr-385	1	48	.	.	PUNCT
ftr-385	1	49	.	.	PUNCT
ftr-385	1	50	.	.	PUNCT
ftr-385	1	51	.	.	PUNCT
ftr-385	1	52	.	.	PUNCT
ftr-385	1	53	.	.	PUNCT
ftr-385	1	54	.	.	PUNCT
ftr-385	1	55	.	.	PUNCT
ftr-385	1	56	.	.	PUNCT
ftr-385	1	57	.	.	PUNCT
ftr-385	1	58	.	.	PUNCT
ftr-385	1	59	.	.	PUNCT
ftr-385	1	60	.	.	PUNCT
ftr-385	1	61	.	.	PUNCT
ftr-385	2	1	330	330	NUM
ftr-385	2	2	ii	ii	NOUN
ftr-385	2	3	.	.	PUNCT
ftr-385	3	1	hot	hot	ADJ
ftr-385	3	2	asset	asset	NOUN
ftr-385	3	3	sale	sale	NOUN
ftr-385	3	4	approach	approach	NOUN
ftr-385	3	5	and	and	CCONJ
ftr-385	3	6	revaluations	revaluation	NOUN
ftr-385	3	7	.	.	PUNCT
ftr-385	3	8	.	.	PUNCT
ftr-385	3	9	.	.	PUNCT
ftr-385	3	10	.	.	PUNCT
ftr-385	3	11	.	.	PUNCT
ftr-385	3	12	.	.	PUNCT
ftr-385	3	13	.	.	PUNCT
ftr-385	3	14	.	.	PUNCT
ftr-385	3	15	.	.	PUNCT
ftr-385	3	16	.	.	PUNCT
ftr-385	4	1	.	.	PUNCT
ftr-385	5	1	.	.	PUNCT
ftr-385	6	1	332	332	NUM
ftr-385	6	2	iii	iii	NOUN
ftr-385	6	3	.	.	PROPN
ftr-385	6	4	relationship	relationship	NOUN
ftr-385	6	5	between	between	ADP
ftr-385	6	6	§	§	PROPN
ftr-385	6	7	§	§	PROPN
ftr-385	6	8	734(b	734(b	PROPN
ftr-385	6	9	)	)	PUNCT
ftr-385	6	10	and	and	CCONJ
ftr-385	6	11	751(b	751(b	NOUN
ftr-385	6	12	)	)	PUNCT
ftr-385	6	13	.	.	PUNCT
ftr-385	6	14	.	.	PUNCT
ftr-385	6	15	.	.	PUNCT
ftr-385	6	16	.	.	PUNCT
ftr-385	6	17	.	.	PUNCT
ftr-385	6	18	.	.	PUNCT
ftr-385	6	19	.	.	PUNCT
ftr-385	6	20	.	.	PUNCT
ftr-385	6	21	.	.	PUNCT
ftr-385	6	22	.	.	PUNCT
ftr-385	6	23	.	.	PUNCT
ftr-385	6	24	.	.	PUNCT
ftr-385	6	25	.	.	PUNCT
ftr-385	7	1	.	.	PUNCT
ftr-385	8	1	336	336	NUM
ftr-385	8	2	iv	iv	NOUN
ftr-385	8	3	.	.	PUNCT
ftr-385	8	4	liquidating	liquidating	NOUN
ftr-385	8	5	distributions	distribution	NOUN
ftr-385	8	6	.	.	PUNCT
ftr-385	8	7	.	.	PUNCT
ftr-385	8	8	.	.	PUNCT
ftr-385	8	9	.	.	PUNCT
ftr-385	8	10	.	.	PUNCT
ftr-385	8	11	.	.	PUNCT
ftr-385	8	12	.	.	PUNCT
ftr-385	8	13	.	.	PUNCT
ftr-385	8	14	.	.	PUNCT
ftr-385	8	15	.	.	PUNCT
ftr-385	8	16	.	.	PUNCT
ftr-385	8	17	.	.	PUNCT
ftr-385	8	18	.	.	PUNCT
ftr-385	8	19	.	.	PUNCT
ftr-385	8	20	.	.	PUNCT
ftr-385	8	21	.	.	PUNCT
ftr-385	8	22	.	.	PUNCT
ftr-385	8	23	.	.	PUNCT
ftr-385	8	24	.	.	PUNCT
ftr-385	8	25	.	.	PUNCT
ftr-385	8	26	.	.	PUNCT
ftr-385	8	27	.	.	PUNCT
ftr-385	8	28	.	.	PUNCT
ftr-385	8	29	.	.	PUNCT
ftr-385	8	30	.	.	PUNCT
ftr-385	8	31	.	.	PUNCT
ftr-385	8	32	.	.	PUNCT
ftr-385	8	33	.	.	PUNCT
ftr-385	9	1	.	.	PUNCT
ftr-385	10	1	341	341	NUM
ftr-385	10	2	v.	v.	ADP
ftr-385	10	3	nonliqudating	nonliqudate	VERB
ftr-385	10	4	distributions	distribution	NOUN
ftr-385	10	5	.	.	PUNCT
ftr-385	10	6	.	.	PUNCT
ftr-385	10	7	.	.	PUNCT
ftr-385	10	8	.	.	PUNCT
ftr-385	10	9	.	.	PUNCT
ftr-385	10	10	.	.	PUNCT
ftr-385	10	11	.	.	PUNCT
ftr-385	10	12	.	.	PUNCT
ftr-385	10	13	.	.	PUNCT
ftr-385	10	14	.	.	PUNCT
ftr-385	10	15	.	.	PUNCT
ftr-385	10	16	.	.	PUNCT
ftr-385	10	17	.	.	PUNCT
ftr-385	10	18	.	.	PUNCT
ftr-385	10	19	.	.	PUNCT
ftr-385	10	20	.	.	PUNCT
ftr-385	10	21	.	.	PUNCT
ftr-385	10	22	.	.	PUNCT
ftr-385	10	23	.	.	PUNCT
ftr-385	10	24	.	.	PUNCT
ftr-385	10	25	.	.	PUNCT
ftr-385	10	26	.	.	PUNCT
ftr-385	10	27	.	.	PUNCT
ftr-385	10	28	.	.	PUNCT
ftr-385	10	29	.	.	PUNCT
ftr-385	11	1	.	.	PUNCT
ftr-385	12	1	346	346	NUM
ftr-385	12	2	a.	a.	NOUN
ftr-385	12	3	distributions	distribution	NOUN
ftr-385	12	4	of	of	ADP
ftr-385	12	5	excess	excess	ADJ
ftr-385	12	6	hot	hot	ADJ
ftr-385	12	7	assets	asset	NOUN
ftr-385	12	8	.	.	PUNCT
ftr-385	12	9	.	.	PUNCT
ftr-385	12	10	.	.	PUNCT
ftr-385	12	11	.	.	PUNCT
ftr-385	12	12	.	.	PUNCT
ftr-385	12	13	.	.	PUNCT
ftr-385	12	14	.	.	PUNCT
ftr-385	12	15	.	.	PUNCT
ftr-385	12	16	.	.	PUNCT
ftr-385	12	17	.	.	PUNCT
ftr-385	12	18	.	.	PUNCT
ftr-385	12	19	.	.	PUNCT
ftr-385	12	20	.	.	PUNCT
ftr-385	12	21	.	.	PUNCT
ftr-385	12	22	.	.	PUNCT
ftr-385	12	23	.	.	PUNCT
ftr-385	12	24	.	.	PUNCT
ftr-385	12	25	.	.	PUNCT
ftr-385	12	26	.	.	PUNCT
ftr-385	12	27	.	.	PUNCT
ftr-385	13	1	347	347	NUM
ftr-385	13	2	b.	b.	NOUN
ftr-385	13	3	distributions	distribution	NOUN
ftr-385	13	4	of	of	ADP
ftr-385	13	5	excess	excess	ADJ
ftr-385	13	6	cold	cold	ADJ
ftr-385	13	7	assets	asset	NOUN
ftr-385	13	8	.	.	PUNCT
ftr-385	13	9	.	.	PUNCT
ftr-385	13	10	.	.	PUNCT
ftr-385	13	11	.	.	PUNCT
ftr-385	13	12	.	.	PUNCT
ftr-385	13	13	.	.	PUNCT
ftr-385	13	14	.	.	PUNCT
ftr-385	13	15	.	.	PUNCT
ftr-385	13	16	.	.	PUNCT
ftr-385	13	17	.	.	PUNCT
ftr-385	13	18	.	.	PUNCT
ftr-385	13	19	.	.	PUNCT
ftr-385	13	20	.	.	PUNCT
ftr-385	13	21	.	.	PUNCT
ftr-385	13	22	.	.	PUNCT
ftr-385	13	23	.	.	PUNCT
ftr-385	13	24	.	.	PUNCT
ftr-385	13	25	.	.	PUNCT
ftr-385	13	26	.	.	PUNCT
ftr-385	14	1	350	350	NUM
ftr-385	14	2	c.	c.	NOUN
ftr-385	14	3	tension	tension	NOUN
ftr-385	14	4	between	between	ADP
ftr-385	14	5	§	§	PROPN
ftr-385	14	6	704(c	704(c	PROPN
ftr-385	14	7	)	)	PUNCT
ftr-385	14	8	approach	approach	NOUN
ftr-385	14	9	and	and	CCONJ
ftr-385	14	10	§	§	PROPN
ftr-385	14	11	751(b	751(b	PROPN
ftr-385	14	12	)	)	PUNCT
ftr-385	14	13	.	.	PUNCT
ftr-385	14	14	.	.	PUNCT
ftr-385	14	15	.	.	PUNCT
ftr-385	14	16	.	.	PUNCT
ftr-385	14	17	.	.	PUNCT
ftr-385	14	18	.	.	PUNCT
ftr-385	14	19	.	.	PUNCT
ftr-385	14	20	.	.	PUNCT
ftr-385	15	1	356	356	NUM
ftr-385	15	2	vi	vi	NOUN
ftr-385	15	3	.	.	PUNCT
ftr-385	16	1	restoring	restore	VERB
ftr-385	16	2	conformity	conformity	NOUN
ftr-385	16	3	between	between	ADP
ftr-385	16	4	§	§	PROPN
ftr-385	16	5	§	§	PROPN
ftr-385	16	6	751(a	751(a	PROPN
ftr-385	16	7	)	)	PUNCT
ftr-385	16	8	and	and	CCONJ
ftr-385	16	9	751(b	751(b	NOUN
ftr-385	16	10	)	)	PUNCT
ftr-385	16	11	.	.	PUNCT
ftr-385	16	12	.	.	PUNCT
ftr-385	16	13	.	.	PUNCT
ftr-385	17	1	.	.	PUNCT
ftr-385	18	1	359	359	NUM
ftr-385	18	2	vii	vii	PROPN
ftr-385	18	3	.	.	PROPN
ftr-385	18	4	conclusion	conclusion	NOUN
ftr-385	18	5	.	.	PUNCT
ftr-385	18	6	.	.	PUNCT
ftr-385	18	7	.	.	PUNCT
ftr-385	18	8	.	.	PUNCT
ftr-385	18	9	.	.	PUNCT
ftr-385	18	10	.	.	PUNCT
ftr-385	18	11	.	.	PUNCT
ftr-385	18	12	.	.	PUNCT
ftr-385	18	13	.	.	PUNCT
ftr-385	18	14	.	.	PUNCT
ftr-385	18	15	.	.	PUNCT
ftr-385	18	16	.	.	PUNCT
ftr-385	18	17	.	.	PUNCT
ftr-385	18	18	.	.	PUNCT
ftr-385	18	19	.	.	PUNCT
ftr-385	18	20	.	.	PUNCT
ftr-385	18	21	.	.	PUNCT
ftr-385	18	22	.	.	PUNCT
ftr-385	18	23	.	.	PUNCT
ftr-385	18	24	.	.	PUNCT
ftr-385	18	25	.	.	PUNCT
ftr-385	18	26	.	.	PUNCT
ftr-385	18	27	.	.	PUNCT
ftr-385	18	28	.	.	PUNCT
ftr-385	18	29	.	.	PUNCT
ftr-385	18	30	.	.	PUNCT
ftr-385	18	31	.	.	PUNCT
ftr-385	18	32	.	.	PUNCT
ftr-385	18	33	.	.	PUNCT
ftr-385	18	34	.	.	PUNCT
ftr-385	18	35	.	.	PUNCT
ftr-385	18	36	.	.	PUNCT
ftr-385	18	37	.	.	PUNCT
ftr-385	18	38	.	.	PUNCT
ftr-385	18	39	.	.	PUNCT
ftr-385	18	40	.	.	PUNCT
ftr-385	18	41	.	.	PUNCT
ftr-385	18	42	.	.	PUNCT
ftr-385	18	43	.	.	PUNCT
ftr-385	18	44	.	.	PUNCT
ftr-385	18	45	.	.	PUNCT
ftr-385	19	1	363	363	NUM
ftr-385	19	2	330	330	NUM
ftr-385	19	3	florida	florida	PROPN
ftr-385	19	4	tax	tax	NOUN
ftr-385	19	5	review	review	NOUN
ftr-385	19	6	[	[	X
ftr-385	19	7	vol.8:3	vol.8:3	X
ftr-385	19	8	*	*	PUNCT
ftr-385	19	9	warren	warren	PROPN
ftr-385	19	10	distinguished	distinguished	PROPN
ftr-385	19	11	professor	professor	NOUN
ftr-385	19	12	,	,	PUNCT
ftr-385	19	13	university	university	PROPN
ftr-385	19	14	of	of	ADP
ftr-385	19	15	san	san	PROPN
ftr-385	19	16	diego	diego	PROPN
ftr-385	19	17	school	school	PROPN
ftr-385	19	18	of	of	ADP
ftr-385	19	19	law	law	NOUN
ftr-385	19	20	.	.	PUNCT
ftr-385	20	1	the	the	DET
ftr-385	20	2	author	author	NOUN
ftr-385	20	3	thanks	thanks	PROPN
ftr-385	20	4	professor	professor	PROPN
ftr-385	20	5	william	william	PROPN
ftr-385	20	6	d.	d.	PROPN
ftr-385	20	7	andrews	andrews	PROPN
ftr-385	20	8	for	for	ADP
ftr-385	20	9	helpful	helpful	ADJ
ftr-385	20	10	comments	comment	NOUN
ftr-385	20	11	and	and	CCONJ
ftr-385	20	12	suggestions	suggestion	NOUN
ftr-385	20	13	.	.	PUNCT
ftr-385	21	1	the	the	DET
ftr-385	21	2	author	author	NOUN
ftr-385	21	3	has	have	AUX
ftr-385	21	4	benefited	benefit	VERB
ftr-385	21	5	from	from	ADP
ftr-385	21	6	her	her	PRON
ftr-385	21	7	participation	participation	NOUN
ftr-385	21	8	in	in	ADP
ftr-385	21	9	the	the	DET
ftr-385	21	10	aba	aba	PROPN
ftr-385	21	11	section	section	NOUN
ftr-385	21	12	on	on	ADP
ftr-385	21	13	taxation	taxation	NOUN
ftr-385	21	14	’s	’s	PART
ftr-385	21	15	working	work	VERB
ftr-385	21	16	group	group	NOUN
ftr-385	21	17	on	on	ADP
ftr-385	21	18	i.r.s	i.r.s	PROPN
ftr-385	21	19	.	.	PUNCT
ftr-385	22	1	notice	notice	VERB
ftr-385	22	2	2006	2006	NUM
ftr-385	22	3	-	-	SYM
ftr-385	22	4	14	14	NUM
ftr-385	22	5	.	.	PUNCT
ftr-385	23	1	the	the	DET
ftr-385	23	2	views	view	NOUN
ftr-385	23	3	expressed	express	VERB
ftr-385	23	4	here	here	ADV
ftr-385	23	5	are	be	AUX
ftr-385	23	6	solely	solely	ADV
ftr-385	23	7	those	those	PRON
ftr-385	23	8	of	of	ADP
ftr-385	23	9	the	the	DET
ftr-385	23	10	author	author	NOUN
ftr-385	23	11	and	and	CCONJ
ftr-385	23	12	should	should	AUX
ftr-385	23	13	not	not	PART
ftr-385	23	14	be	be	AUX
ftr-385	23	15	attributed	attribute	VERB
ftr-385	23	16	to	to	ADP
ftr-385	23	17	the	the	DET
ftr-385	23	18	aba	aba	PROPN
ftr-385	23	19	or	or	CCONJ
ftr-385	23	20	other	other	ADJ
ftr-385	23	21	participants	participant	NOUN
ftr-385	23	22	in	in	ADP
ftr-385	23	23	the	the	DET
ftr-385	23	24	working	working	NOUN
ftr-385	23	25	group	group	NOUN
ftr-385	23	26	.	.	PUNCT
ftr-385	24	1	1	1	X
ftr-385	24	2	.	.	X
ftr-385	24	3	see	see	VERB
ftr-385	24	4	notice	notice	NOUN
ftr-385	24	5	2006	2006	NUM
ftr-385	24	6	-	-	SYM
ftr-385	24	7	14	14	NUM
ftr-385	24	8	,	,	PUNCT
ftr-385	24	9	2006	2006	NUM
ftr-385	24	10	-	-	SYM
ftr-385	24	11	8	8	NUM
ftr-385	24	12	i.r.b	i.r.b	NOUN
ftr-385	24	13	.	.	PUNCT
ftr-385	25	1	498	498	NUM
ftr-385	25	2	.	.	PUNCT
ftr-385	26	1	the	the	DET
ftr-385	26	2	notice	notice	NOUN
ftr-385	26	3	uses	use	VERB
ftr-385	26	4	the	the	DET
ftr-385	26	5	term	term	NOUN
ftr-385	26	6	“	"	PUNCT
ftr-385	26	7	hot	hot	ADJ
ftr-385	26	8	assets	asset	NOUN
ftr-385	26	9	”	"	PUNCT
ftr-385	26	10	to	to	PART
ftr-385	26	11	refer	refer	VERB
ftr-385	26	12	to	to	ADP
ftr-385	26	13	“	"	PUNCT
ftr-385	26	14	unrealized	unrealized	ADJ
ftr-385	26	15	receivables	receivables	NOUN
ftr-385	26	16	as	as	SCONJ
ftr-385	26	17	defined	define	VERB
ftr-385	26	18	in	in	ADP
ftr-385	26	19	§	§	PROPN
ftr-385	26	20	751(c	751(c	PROPN
ftr-385	26	21	)	)	PUNCT
ftr-385	26	22	and	and	CCONJ
ftr-385	26	23	substantially	substantially	ADV
ftr-385	26	24	appreciated	appreciate	VERB
ftr-385	26	25	inventory	inventory	NOUN
ftr-385	26	26	as	as	SCONJ
ftr-385	26	27	defined	define	VERB
ftr-385	26	28	in	in	ADP
ftr-385	26	29	§	§	PROPN
ftr-385	26	30	751(b)(3	751(b)(3	NOUN
ftr-385	26	31	)	)	PUNCT
ftr-385	26	32	and	and	CCONJ
ftr-385	26	33	(	(	PUNCT
ftr-385	26	34	d	d	NOUN
ftr-385	26	35	)	)	PUNCT
ftr-385	26	36	.	.	PUNCT
ftr-385	26	37	”	"	PUNCT
ftr-385	27	1	2	2	NUM
ftr-385	27	2	.	.	X
ftr-385	27	3	for	for	ADP
ftr-385	27	4	recent	recent	ADJ
ftr-385	27	5	commentary	commentary	NOUN
ftr-385	27	6	,	,	PUNCT
ftr-385	27	7	see	see	VERB
ftr-385	27	8	william	william	PROPN
ftr-385	27	9	d.	d.	PROPN
ftr-385	27	10	andrews	andrews	PROPN
ftr-385	27	11	,	,	PUNCT
ftr-385	27	12	comments	comment	NOUN
ftr-385	27	13	on	on	ADP
ftr-385	27	14	notice	notice	NOUN
ftr-385	27	15	2006	2006	NUM
ftr-385	27	16	-	-	SYM
ftr-385	27	17	14	14	NUM
ftr-385	27	18	(	(	PUNCT
ftr-385	27	19	nov	nov	PROPN
ftr-385	27	20	.	.	PROPN
ftr-385	27	21	28	28	NUM
ftr-385	27	22	,	,	PUNCT
ftr-385	27	23	2006	2006	NUM
ftr-385	27	24	)	)	PUNCT
ftr-385	27	25	,	,	PUNCT
ftr-385	27	26	bna	bna	PROPN
ftr-385	27	27	daily	daily	ADJ
ftr-385	27	28	tax	tax	NOUN
ftr-385	27	29	report	report	NOUN
ftr-385	27	30	no	no	INTJ
ftr-385	27	31	.	.	NOUN
ftr-385	27	32	230	230	NUM
ftr-385	27	33	,	,	PUNCT
ftr-385	27	34	at	at	ADP
ftr-385	27	35	g-10	g-10	PROPN
ftr-385	27	36	(	(	PUNCT
ftr-385	27	37	nov	nov	PROPN
ftr-385	27	38	.	.	PROPN
ftr-385	27	39	30	30	NUM
ftr-385	27	40	,	,	PUNCT
ftr-385	27	41	2006	2006	NUM
ftr-385	27	42	)	)	PUNCT
ftr-385	28	1	[	[	X
ftr-385	28	2	hereinafter	hereinafter	NOUN
ftr-385	28	3	andrews	andrews	PROPN
ftr-385	28	4	comments	comment	VERB
ftr-385	28	5	]	]	X
ftr-385	28	6	;	;	PUNCT
ftr-385	28	7	nysba	nysba	NOUN
ftr-385	28	8	tax	tax	NOUN
ftr-385	28	9	section	section	NOUN
ftr-385	28	10	,	,	PUNCT
ftr-385	28	11	report	report	NOUN
ftr-385	28	12	responding	respond	VERB
ftr-385	28	13	to	to	PART
ftr-385	28	14	notice	notice	VERB
ftr-385	28	15	2006	2006	NUM
ftr-385	28	16	-	-	SYM
ftr-385	28	17	14	14	NUM
ftr-385	28	18	relating	relate	VERB
ftr-385	28	19	to	to	ADP
ftr-385	28	20	the	the	DET
ftr-385	28	21	treatment	treatment	NOUN
ftr-385	28	22	of	of	ADP
ftr-385	28	23	partnership	partnership	NOUN
ftr-385	28	24	distributions	distribution	NOUN
ftr-385	28	25	under	under	ADP
ftr-385	28	26	§	§	PROPN
ftr-385	28	27	751(b	751(b	PROPN
ftr-385	28	28	)	)	PUNCT
ftr-385	28	29	(	(	PUNCT
ftr-385	28	30	nov	nov	PROPN
ftr-385	28	31	.	.	PROPN
ftr-385	28	32	28	28	NUM
ftr-385	28	33	,	,	PUNCT
ftr-385	28	34	2006	2006	NUM
ftr-385	28	35	)	)	PUNCT
ftr-385	29	1	[	[	X
ftr-385	29	2	hereinafter	hereinafter	NOUN
ftr-385	29	3	nysba	nysba	NOUN
ftr-385	29	4	report	report	PROPN
ftr-385	29	5	]	]	X
ftr-385	29	6	,	,	PUNCT
ftr-385	29	7	2006	2006	NUM
ftr-385	29	8	tnt	tnt	NOUN
ftr-385	29	9	230	230	NUM
ftr-385	29	10	-	-	SYM
ftr-385	29	11	8	8	NUM
ftr-385	29	12	.	.	PUNCT
ftr-385	29	13	3	3	X
ftr-385	29	14	.	.	PUNCT
ftr-385	29	15	since	since	SCONJ
ftr-385	29	16	1954	1954	NUM
ftr-385	29	17	,	,	PUNCT
ftr-385	29	18	the	the	DET
ftr-385	29	19	definition	definition	NOUN
ftr-385	29	20	of	of	ADP
ftr-385	29	21	hot	hot	ADJ
ftr-385	29	22	assets	asset	NOUN
ftr-385	29	23	has	have	AUX
ftr-385	29	24	been	be	AUX
ftr-385	29	25	expanded	expand	VERB
ftr-385	29	26	to	to	PART
ftr-385	29	27	include	include	VERB
ftr-385	29	28	items	item	NOUN
ftr-385	29	29	such	such	ADJ
ftr-385	29	30	as	as	ADP
ftr-385	29	31	depreciation	depreciation	NOUN
ftr-385	29	32	recapture	recapture	NOUN
ftr-385	29	33	.	.	PUNCT
ftr-385	30	1	see	see	VERB
ftr-385	30	2	irc	irc	PROPN
ftr-385	30	3	§	§	PROPN
ftr-385	30	4	751(c	751(c	PROPN
ftr-385	30	5	)	)	PUNCT
ftr-385	30	6	.	.	PUNCT
ftr-385	31	1	4	4	X
ftr-385	31	2	.	.	X
ftr-385	31	3	see	see	VERB
ftr-385	31	4	reg	reg	NOUN
ftr-385	31	5	.	.	PUNCT
ftr-385	32	1	§	§	PROPN
ftr-385	32	2	1.751	1.751	NUM
ftr-385	32	3	-	-	SYM
ftr-385	32	4	1(b	1(b	NUM
ftr-385	32	5	)	)	PUNCT
ftr-385	32	6	.	.	PUNCT
ftr-385	33	1	by	by	ADP
ftr-385	33	2	contrast	contrast	NOUN
ftr-385	33	3	,	,	PUNCT
ftr-385	33	4	the	the	DET
ftr-385	33	5	treasury	treasury	NOUN
ftr-385	33	6	has	have	AUX
ftr-385	33	7	extensively	extensively	ADV
ftr-385	33	8	revised	revise	VERB
ftr-385	33	9	the	the	DET
ftr-385	33	10	§	§	PROPN
ftr-385	33	11	743	743	NUM
ftr-385	33	12	regulations	regulation	NOUN
ftr-385	33	13	to	to	PART
ftr-385	33	14	reflect	reflect	VERB
ftr-385	33	15	§	§	PROPN
ftr-385	33	16	704(c	704(c	PROPN
ftr-385	33	17	)	)	PUNCT
ftr-385	33	18	allocations	allocation	NOUN
ftr-385	33	19	.	.	PUNCT
ftr-385	34	1	see	see	VERB
ftr-385	34	2	martin	martin	PROPN
ftr-385	34	3	j.	j.	PROPN
ftr-385	34	4	mcmahon	mcmahon	PROPN
ftr-385	34	5	,	,	PUNCT
ftr-385	34	6	jr	jr	PROPN
ftr-385	34	7	.	.	PROPN
ftr-385	34	8	,	,	PUNCT
ftr-385	34	9	optional	optional	ADJ
ftr-385	34	10	partnership	partnership	NOUN
ftr-385	34	11	inside	inside	ADP
ftr-385	34	12	basis	basis	NOUN
ftr-385	34	13	adjustments	adjustment	NOUN
ftr-385	34	14	,	,	PUNCT
ftr-385	34	15	52	52	NUM
ftr-385	34	16	tax	tax	NOUN
ftr-385	34	17	law	law	NOUN
ftr-385	34	18	.	.	PUNCT
ftr-385	35	1	35	35	NUM
ftr-385	35	2	(	(	PUNCT
ftr-385	35	3	1998	1998	NUM
ftr-385	35	4	)	)	PUNCT
ftr-385	35	5	.	.	PUNCT
ftr-385	36	1	5	5	X
ftr-385	36	2	.	.	X
ftr-385	36	3	see	see	VERB
ftr-385	36	4	william	william	PROPN
ftr-385	36	5	d.	d.	PROPN
ftr-385	36	6	andrews	andrews	PROPN
ftr-385	36	7	,	,	PUNCT
ftr-385	36	8	inside	inside	ADP
ftr-385	36	9	basis	basis	NOUN
ftr-385	36	10	adjustments	adjustment	NOUN
ftr-385	36	11	and	and	CCONJ
ftr-385	36	12	hot	hot	ADJ
ftr-385	36	13	asset	asset	NOUN
ftr-385	36	14	exchanges	exchange	NOUN
ftr-385	36	15	in	in	ADP
ftr-385	36	16	partnership	partnership	NOUN
ftr-385	36	17	distributions	distribution	NOUN
ftr-385	36	18	,	,	PUNCT
ftr-385	36	19	47	47	NUM
ftr-385	36	20	tax	tax	NOUN
ftr-385	36	21	l.	l.	PROPN
ftr-385	36	22	rev	rev	PROPN
ftr-385	36	23	.	.	PROPN
ftr-385	36	24	3	3	NUM
ftr-385	36	25	,	,	PUNCT
ftr-385	36	26	46	46	NUM
ftr-385	36	27	(	(	PUNCT
ftr-385	36	28	1991	1991	NUM
ftr-385	36	29	)	)	PUNCT
ftr-385	36	30	.	.	PUNCT
ftr-385	37	1	taxing	tax	VERB
ftr-385	37	2	hot	hot	ADJ
ftr-385	37	3	asset	asset	NOUN
ftr-385	37	4	shifts	shift	NOUN
ftr-385	37	5	by	by	ADP
ftr-385	37	6	karen	karen	PROPN
ftr-385	37	7	c.	c.	PROPN
ftr-385	37	8	burke	burke	PROPN
ftr-385	37	9	*	*	PROPN
ftr-385	37	10	i.	i.	PROPN
ftr-385	37	11	introduction	introduction	NOUN
ftr-385	37	12	notice	notice	NOUN
ftr-385	37	13	2006	2006	NUM
ftr-385	37	14	-	-	SYM
ftr-385	37	15	14	14	NUM
ftr-385	37	16	invites	invite	VERB
ftr-385	37	17	comments	comment	NOUN
ftr-385	37	18	concerning	concern	VERB
ftr-385	37	19	proposals	proposal	NOUN
ftr-385	37	20	to	to	PART
ftr-385	37	21	simplify	simplify	VERB
ftr-385	37	22	and	and	CCONJ
ftr-385	37	23	rationalize	rationalize	VERB
ftr-385	37	24	the	the	DET
ftr-385	37	25	treatment	treatment	NOUN
ftr-385	37	26	of	of	ADP
ftr-385	37	27	disproportionate	disproportionate	ADJ
ftr-385	37	28	distributions	distribution	NOUN
ftr-385	37	29	that	that	PRON
ftr-385	37	30	rearrange	rearrange	VERB
ftr-385	37	31	the	the	DET
ftr-385	37	32	partners	partner	NOUN
ftr-385	37	33	’	'	PUNCT
ftr-385	37	34	shares	share	NOUN
ftr-385	37	35	of	of	ADP
ftr-385	37	36	unrealized	unrealized	ADJ
ftr-385	37	37	appreciation	appreciation	NOUN
ftr-385	37	38	in	in	ADP
ftr-385	37	39	ordinary	ordinary	ADJ
ftr-385	37	40	income	income	NOUN
ftr-385	37	41	and	and	CCONJ
ftr-385	37	42	capital	capital	NOUN
ftr-385	37	43	gain	gain	NOUN
ftr-385	37	44	assets	asset	NOUN
ftr-385	37	45	(	(	PUNCT
ftr-385	37	46	“	"	PUNCT
ftr-385	37	47	hot	hot	ADJ
ftr-385	37	48	asset	asset	NOUN
ftr-385	37	49	distributions	distribution	NOUN
ftr-385	37	50	”	"	PUNCT
ftr-385	37	51	)	)	PUNCT
ftr-385	37	52	.	.	PUNCT
ftr-385	38	1	specifically	specifically	ADV
ftr-385	38	2	,	,	PUNCT
ftr-385	38	3	the	the	DET
ftr-385	38	4	notice	notice	NOUN
ftr-385	38	5	requests	request	VERB
ftr-385	38	6	comments1	comments1	PROPN
ftr-385	38	7	concerning	concern	VERB
ftr-385	38	8	whether	whether	SCONJ
ftr-385	38	9	to	to	PART
ftr-385	38	10	adopt	adopt	VERB
ftr-385	38	11	the	the	DET
ftr-385	38	12	“	"	PUNCT
ftr-385	38	13	hot	hot	ADJ
ftr-385	38	14	asset	asset	NOUN
ftr-385	38	15	sale	sale	NOUN
ftr-385	38	16	”	"	PUNCT
ftr-385	38	17	approach	approach	NOUN
ftr-385	38	18	in	in	ADP
ftr-385	38	19	lieu	lieu	NOUN
ftr-385	38	20	of	of	ADP
ftr-385	38	21	the	the	DET
ftr-385	38	22	imputed	impute	VERB
ftr-385	38	23	exchange	exchange	NOUN
ftr-385	38	24	mechanism	mechanism	NOUN
ftr-385	38	25	under	under	ADP
ftr-385	38	26	the	the	DET
ftr-385	38	27	current	current	ADJ
ftr-385	38	28	section	section	NOUN
ftr-385	38	29	751(b	751(b	PROPN
ftr-385	38	30	)	)	PUNCT
ftr-385	38	31	regulations.2	regulations.2	VERB
ftr-385	38	32	upon	upon	SCONJ
ftr-385	38	33	a	a	DET
ftr-385	38	34	current	current	ADJ
ftr-385	38	35	nonprorata	nonprorata	ADJ
ftr-385	38	36	distribution	distribution	NOUN
ftr-385	38	37	,	,	PUNCT
ftr-385	38	38	the	the	DET
ftr-385	38	39	hot	hot	ADJ
ftr-385	38	40	asset	asset	NOUN
ftr-385	38	41	sale	sale	NOUN
ftr-385	38	42	approach	approach	NOUN
ftr-385	38	43	would	would	AUX
ftr-385	38	44	be	be	AUX
ftr-385	38	45	coupled	couple	VERB
ftr-385	38	46	with	with	ADP
ftr-385	38	47	a	a	DET
ftr-385	38	48	revaluation	revaluation	NOUN
ftr-385	38	49	of	of	ADP
ftr-385	38	50	partnership	partnership	NOUN
ftr-385	38	51	property	property	NOUN
ftr-385	38	52	and	and	CCONJ
ftr-385	38	53	special	special	ADJ
ftr-385	38	54	allocations	allocation	NOUN
ftr-385	38	55	to	to	PART
ftr-385	38	56	preserve	preserve	VERB
ftr-385	38	57	shares	share	NOUN
ftr-385	38	58	of	of	ADP
ftr-385	38	59	built	build	VERB
ftr-385	38	60	-	-	PUNCT
ftr-385	38	61	in	in	ADP
ftr-385	38	62	hot	hot	ADJ
ftr-385	38	63	asset	asset	NOUN
ftr-385	38	64	gain	gain	NOUN
ftr-385	38	65	to	to	ADP
ftr-385	38	66	the	the	DET
ftr-385	38	67	extent	extent	NOUN
ftr-385	38	68	possible	possible	ADJ
ftr-385	38	69	.	.	PUNCT
ftr-385	39	1	although	although	SCONJ
ftr-385	39	2	enacted	enact	VERB
ftr-385	39	3	in	in	ADP
ftr-385	39	4	1954	1954	NUM
ftr-385	39	5	,	,	PUNCT
ftr-385	39	6	section	section	NOUN
ftr-385	39	7	751(b	751(b	PROPN
ftr-385	39	8	)	)	PUNCT
ftr-385	39	9	has	have	AUX
ftr-385	39	10	remained	remain	VERB
ftr-385	39	11	largely	largely	ADV
ftr-385	39	12	unchanged	unchanged	ADJ
ftr-385	39	13	.	.	PUNCT
ftr-385	40	1	indeed	indeed	ADV
ftr-385	40	2	,	,	PUNCT
ftr-385	40	3	the3	the3	NOUN
ftr-385	40	4	regulations	regulation	NOUN
ftr-385	40	5	issued	issue	VERB
ftr-385	40	6	in	in	ADP
ftr-385	40	7	1956	1956	NUM
ftr-385	40	8	have	have	AUX
ftr-385	40	9	never	never	ADV
ftr-385	40	10	been	be	AUX
ftr-385	40	11	updated	update	VERB
ftr-385	40	12	to	to	PART
ftr-385	40	13	reflect	reflect	VERB
ftr-385	40	14	the	the	DET
ftr-385	40	15	modern	modern	ADJ
ftr-385	40	16	concept	concept	NOUN
ftr-385	40	17	of	of	ADP
ftr-385	40	18	revaluations	revaluation	NOUN
ftr-385	40	19	and	and	CCONJ
ftr-385	40	20	section	section	NOUN
ftr-385	40	21	704(c	704(c	PROPN
ftr-385	40	22	)	)	PUNCT
ftr-385	40	23	allocations	allocation	NOUN
ftr-385	40	24	.	.	PUNCT
ftr-385	41	1	while	while	SCONJ
ftr-385	41	2	section	section	NOUN
ftr-385	41	3	751(b)4	751(b)4	ADJ
ftr-385	41	4	is	be	AUX
ftr-385	41	5	sometimes	sometimes	ADV
ftr-385	41	6	viewed	view	VERB
ftr-385	41	7	mainly	mainly	ADV
ftr-385	41	8	as	as	ADP
ftr-385	41	9	concerned	concern	VERB
ftr-385	41	10	with	with	ADP
ftr-385	41	11	the	the	DET
ftr-385	41	12	character	character	NOUN
ftr-385	41	13	of	of	ADP
ftr-385	41	14	income	income	NOUN
ftr-385	41	15	,	,	PUNCT
ftr-385	41	16	it	it	PRON
ftr-385	41	17	also	also	ADV
ftr-385	41	18	has	have	VERB
ftr-385	41	19	a	a	DET
ftr-385	41	20	significant	significant	ADJ
ftr-385	41	21	impact	impact	NOUN
ftr-385	41	22	on	on	ADP
ftr-385	41	23	the	the	DET
ftr-385	41	24	timing	timing	NOUN
ftr-385	41	25	of	of	ADP
ftr-385	41	26	gain	gain	NOUN
ftr-385	41	27	recognition.5	recognition.5	PROPN
ftr-385	41	28	2007	2007	NUM
ftr-385	41	29	]	]	PUNCT
ftr-385	41	30	taxing	tax	VERB
ftr-385	41	31	hot	hot	ADJ
ftr-385	41	32	asset	asset	NOUN
ftr-385	41	33	shifts	shift	NOUN
ftr-385	41	34	331	331	NUM
ftr-385	41	35	6	6	NUM
ftr-385	41	36	.	.	PUNCT
ftr-385	42	1	these	these	DET
ftr-385	42	2	provisions	provision	NOUN
ftr-385	42	3	include	include	VERB
ftr-385	42	4	§	§	PROPN
ftr-385	42	5	§	§	PROPN
ftr-385	42	6	731	731	NUM
ftr-385	42	7	and	and	CCONJ
ftr-385	42	8	732	732	NUM
ftr-385	42	9	(	(	PUNCT
ftr-385	42	10	gain	gain	VERB
ftr-385	42	11	recognition	recognition	NOUN
ftr-385	42	12	and	and	CCONJ
ftr-385	42	13	basis	basis	NOUN
ftr-385	42	14	)	)	PUNCT
ftr-385	42	15	,	,	PUNCT
ftr-385	42	16	735	735	NUM
ftr-385	42	17	(	(	PUNCT
ftr-385	42	18	character	character	NOUN
ftr-385	42	19	preservation	preservation	NOUN
ftr-385	42	20	)	)	PUNCT
ftr-385	42	21	,	,	PUNCT
ftr-385	42	22	734(b	734(b	NOUN
ftr-385	42	23	)	)	PUNCT
ftr-385	42	24	and	and	CCONJ
ftr-385	42	25	743(b	743(b	NUM
ftr-385	42	26	)	)	PUNCT
ftr-385	42	27	(	(	PUNCT
ftr-385	42	28	inside	inside	ADP
ftr-385	42	29	basis	basis	NOUN
ftr-385	42	30	adjustments	adjustment	NOUN
ftr-385	42	31	)	)	PUNCT
ftr-385	42	32	,	,	PUNCT
ftr-385	42	33	751(a)-(b	751(a)-(b	X
ftr-385	42	34	)	)	PUNCT
ftr-385	42	35	(	(	PUNCT
ftr-385	42	36	collapsible	collapsible	ADJ
ftr-385	42	37	partnership	partnership	NOUN
ftr-385	42	38	provisions	provision	NOUN
ftr-385	42	39	)	)	PUNCT
ftr-385	42	40	and	and	CCONJ
ftr-385	42	41	755	755	NUM
ftr-385	42	42	(	(	PUNCT
ftr-385	42	43	basis	basis	NOUN
ftr-385	42	44	allocation	allocation	NOUN
ftr-385	42	45	rules	rule	NOUN
ftr-385	42	46	)	)	PUNCT
ftr-385	42	47	.	.	PUNCT
ftr-385	43	1	7	7	X
ftr-385	43	2	.	.	X
ftr-385	43	3	for	for	ADP
ftr-385	43	4	an	an	DET
ftr-385	43	5	overview	overview	NOUN
ftr-385	43	6	of	of	ADP
ftr-385	43	7	the	the	DET
ftr-385	43	8	aba	aba	PROPN
ftr-385	43	9	/	/	SYM
ftr-385	43	10	ali	ali	PROPN
ftr-385	43	11	proposals	proposal	NOUN
ftr-385	43	12	,	,	PUNCT
ftr-385	43	13	see	see	VERB
ftr-385	43	14	stanley	stanley	PROPN
ftr-385	43	15	s.	s.	PROPN
ftr-385	43	16	surrey	surrey	PROPN
ftr-385	43	17	&	&	CCONJ
ftr-385	43	18	william	william	PROPN
ftr-385	43	19	c.	c.	PROPN
ftr-385	43	20	warren	warren	PROPN
ftr-385	43	21	,	,	PUNCT
ftr-385	43	22	the	the	DET
ftr-385	43	23	income	income	NOUN
ftr-385	43	24	tax	tax	NOUN
ftr-385	43	25	project	project	NOUN
ftr-385	43	26	of	of	ADP
ftr-385	43	27	the	the	DET
ftr-385	43	28	american	american	PROPN
ftr-385	43	29	law	law	PROPN
ftr-385	43	30	institute	institute	PROPN
ftr-385	43	31	:	:	PUNCT
ftr-385	43	32	partnerships	partnership	NOUN
ftr-385	43	33	,	,	PUNCT
ftr-385	43	34	corporations	corporation	NOUN
ftr-385	43	35	,	,	PUNCT
ftr-385	43	36	sale	sale	NOUN
ftr-385	43	37	of	of	ADP
ftr-385	43	38	a	a	DET
ftr-385	43	39	corporate	corporate	ADJ
ftr-385	43	40	business	business	NOUN
ftr-385	43	41	,	,	PUNCT
ftr-385	43	42	trusts	trust	NOUN
ftr-385	43	43	and	and	CCONJ
ftr-385	43	44	estates	estate	NOUN
ftr-385	43	45	,	,	PUNCT
ftr-385	43	46	foreign	foreign	ADJ
ftr-385	43	47	income	income	NOUN
ftr-385	43	48	and	and	CCONJ
ftr-385	43	49	foreign	foreign	ADJ
ftr-385	43	50	taxpayers	taxpayer	NOUN
ftr-385	43	51	,	,	PUNCT
ftr-385	43	52	66	66	NUM
ftr-385	43	53	harv	harv	NOUN
ftr-385	43	54	.	.	PUNCT
ftr-385	44	1	l.	l.	PROPN
ftr-385	44	2	rev	rev	PROPN
ftr-385	44	3	.	.	PROPN
ftr-385	44	4	1161	1161	NUM
ftr-385	44	5	(	(	PUNCT
ftr-385	44	6	1953	1953	NUM
ftr-385	44	7	)	)	PUNCT
ftr-385	44	8	;	;	PUNCT
ftr-385	44	9	j.	j.	PROPN
ftr-385	44	10	paul	paul	PROPN
ftr-385	44	11	jackson	jackson	PROPN
ftr-385	44	12	et	et	PROPN
ftr-385	44	13	al	al	PROPN
ftr-385	44	14	.	.	PROPN
ftr-385	44	15	,	,	PUNCT
ftr-385	44	16	a	a	DET
ftr-385	44	17	proposed	propose	VERB
ftr-385	44	18	revision	revision	NOUN
ftr-385	44	19	of	of	ADP
ftr-385	44	20	the	the	DET
ftr-385	44	21	federal	federal	ADJ
ftr-385	44	22	income	income	NOUN
ftr-385	44	23	tax	tax	NOUN
ftr-385	44	24	treatment	treatment	NOUN
ftr-385	44	25	of	of	ADP
ftr-385	44	26	partnerships	partnership	NOUN
ftr-385	44	27	and	and	CCONJ
ftr-385	44	28	partners	partner	NOUN
ftr-385	44	29	–	–	PUNCT
ftr-385	44	30	american	american	PROPN
ftr-385	44	31	law	law	PROPN
ftr-385	44	32	institute	institute	PROPN
ftr-385	44	33	draft	draft	PROPN
ftr-385	44	34	,	,	PUNCT
ftr-385	44	35	9	9	NUM
ftr-385	44	36	tax	tax	NOUN
ftr-385	44	37	l.	l.	PROPN
ftr-385	44	38	rev	rev	PROPN
ftr-385	44	39	.	.	PROPN
ftr-385	45	1	109	109	NUM
ftr-385	45	2	(	(	PUNCT
ftr-385	45	3	1954	1954	NUM
ftr-385	45	4	)	)	PUNCT
ftr-385	45	5	.	.	PUNCT
ftr-385	46	1	8	8	X
ftr-385	46	2	.	.	X
ftr-385	46	3	see	see	VERB
ftr-385	46	4	generally	generally	ADV
ftr-385	46	5	andrews	andrews	PROPN
ftr-385	46	6	,	,	PUNCT
ftr-385	46	7	supra	supra	PROPN
ftr-385	46	8	note	note	NOUN
ftr-385	46	9	5	5	NUM
ftr-385	46	10	.	.	PUNCT
ftr-385	47	1	for	for	ADP
ftr-385	47	2	recent	recent	ADJ
ftr-385	47	3	proposals	proposal	NOUN
ftr-385	47	4	to	to	PART
ftr-385	47	5	repair	repair	VERB
ftr-385	47	6	§	§	PROPN
ftr-385	47	7	734(b	734(b	PROPN
ftr-385	47	8	)	)	PUNCT
ftr-385	47	9	adjustments	adjustment	NOUN
ftr-385	47	10	,	,	PUNCT
ftr-385	47	11	see	see	VERB
ftr-385	47	12	howard	howard	PROPN
ftr-385	47	13	e.	e.	PROPN
ftr-385	47	14	abrams	abrams	PROPN
ftr-385	47	15	,	,	PUNCT
ftr-385	47	16	the	the	DET
ftr-385	47	17	section	section	NOUN
ftr-385	47	18	734(b	734(b	NOUN
ftr-385	47	19	)	)	PUNCT
ftr-385	47	20	basis	basis	NOUN
ftr-385	47	21	adjustment	adjustment	NOUN
ftr-385	47	22	needs	need	VERB
ftr-385	47	23	repair	repair	NOUN
ftr-385	47	24	,	,	PUNCT
ftr-385	47	25	57	57	NUM
ftr-385	47	26	tax	tax	NOUN
ftr-385	47	27	law	law	NOUN
ftr-385	47	28	.	.	PUNCT
ftr-385	48	1	343	343	NUM
ftr-385	48	2	(	(	PUNCT
ftr-385	48	3	2004	2004	NUM
ftr-385	48	4	)	)	PUNCT
ftr-385	48	5	;	;	PUNCT
ftr-385	49	1	karen	karen	PROPN
ftr-385	49	2	c.	c.	PROPN
ftr-385	49	3	burke	burke	PROPN
ftr-385	49	4	,	,	PUNCT
ftr-385	49	5	repairing	repair	VERB
ftr-385	49	6	inside	inside	ADJ
ftr-385	49	7	basis	basis	NOUN
ftr-385	49	8	adjustments	adjustment	NOUN
ftr-385	49	9	,	,	PUNCT
ftr-385	49	10	58	58	NUM
ftr-385	49	11	tax	tax	NOUN
ftr-385	49	12	law	law	NOUN
ftr-385	49	13	.	.	PUNCT
ftr-385	50	1	639	639	NUM
ftr-385	50	2	(	(	PUNCT
ftr-385	50	3	2005	2005	NUM
ftr-385	50	4	)	)	PUNCT
ftr-385	50	5	.	.	PUNCT
ftr-385	51	1	9	9	X
ftr-385	51	2	.	.	X
ftr-385	52	1	although	although	SCONJ
ftr-385	52	2	the	the	DET
ftr-385	52	3	1954	1954	NUM
ftr-385	52	4	reformers	reformer	NOUN
ftr-385	52	5	apparently	apparently	ADV
ftr-385	52	6	never	never	ADV
ftr-385	52	7	considered	consider	VERB
ftr-385	52	8	the	the	DET
ftr-385	52	9	possibility	possibility	NOUN
ftr-385	52	10	of	of	ADP
ftr-385	52	11	reverse	reverse	ADJ
ftr-385	52	12	§	§	PROPN
ftr-385	52	13	704(c	704(c	PROPN
ftr-385	52	14	)	)	PUNCT
ftr-385	52	15	allocations	allocation	NOUN
ftr-385	52	16	for	for	ADP
ftr-385	52	17	distributed	distribute	VERB
ftr-385	52	18	property	property	NOUN
ftr-385	52	19	,	,	PUNCT
ftr-385	52	20	they	they	PRON
ftr-385	52	21	did	do	AUX
ftr-385	52	22	thoroughly	thoroughly	ADV
ftr-385	52	23	explore	explore	VERB
ftr-385	52	24	§	§	PROPN
ftr-385	52	25	704(c	704(c	PROPN
ftr-385	52	26	)	)	PUNCT
ftr-385	52	27	allocations	allocation	NOUN
ftr-385	52	28	for	for	ADP
ftr-385	52	29	contributed	contribute	VERB
ftr-385	52	30	property	property	NOUN
ftr-385	52	31	.	.	PUNCT
ftr-385	53	1	see	see	VERB
ftr-385	53	2	mark	mark	PROPN
ftr-385	53	3	p.	p.	PROPN
ftr-385	53	4	gergen	gergen	PROPN
ftr-385	53	5	,	,	PUNCT
ftr-385	53	6	the	the	DET
ftr-385	53	7	story	story	NOUN
ftr-385	53	8	of	of	ADP
ftr-385	53	9	subchapter	subchapter	NOUN
ftr-385	53	10	k	k	NOUN
ftr-385	53	11	:	:	PUNCT
ftr-385	53	12	mark	mark	PROPN
ftr-385	53	13	h.	h.	PROPN
ftr-385	53	14	johnson	johnson	PROPN
ftr-385	53	15	’s	’s	PART
ftr-385	53	16	quest	quest	PROPN
ftr-385	53	17	,	,	PUNCT
ftr-385	53	18	in	in	ADP
ftr-385	53	19	business	business	NOUN
ftr-385	53	20	tax	tax	NOUN
ftr-385	53	21	stories	story	NOUN
ftr-385	53	22	207	207	NUM
ftr-385	53	23	,	,	PUNCT
ftr-385	53	24	214	214	NUM
ftr-385	53	25	-	-	SYM
ftr-385	53	26	16	16	NUM
ftr-385	53	27	(	(	PUNCT
ftr-385	53	28	steven	steven	PROPN
ftr-385	53	29	a.	a.	PROPN
ftr-385	53	30	bank	bank	PROPN
ftr-385	53	31	&	&	CCONJ
ftr-385	53	32	kirk	kirk	PROPN
ftr-385	53	33	j.	j.	PROPN
ftr-385	53	34	stark	stark	PROPN
ftr-385	53	35	eds	eds	PROPN
ftr-385	53	36	.	.	PROPN
ftr-385	53	37	,	,	PUNCT
ftr-385	53	38	2005	2005	NUM
ftr-385	53	39	)	)	PUNCT
ftr-385	53	40	.	.	PUNCT
ftr-385	54	1	10	10	NUM
ftr-385	54	2	.	.	X
ftr-385	55	1	when	when	SCONJ
ftr-385	55	2	partnership	partnership	NOUN
ftr-385	55	3	property	property	NOUN
ftr-385	55	4	is	be	AUX
ftr-385	55	5	revalued	revalue	VERB
ftr-385	55	6	,	,	PUNCT
ftr-385	55	7	the	the	DET
ftr-385	55	8	partnership	partnership	NOUN
ftr-385	55	9	must	must	AUX
ftr-385	55	10	allocate	allocate	VERB
ftr-385	55	11	any	any	DET
ftr-385	55	12	built	build	VERB
ftr-385	55	13	-	-	PUNCT
ftr-385	55	14	in	in	ADP
ftr-385	55	15	gain	gain	NOUN
ftr-385	55	16	(	(	PUNCT
ftr-385	55	17	or	or	CCONJ
ftr-385	55	18	loss	loss	NOUN
ftr-385	55	19	)	)	PUNCT
ftr-385	55	20	in	in	ADP
ftr-385	55	21	the	the	DET
ftr-385	55	22	revalued	revalue	VERB
ftr-385	55	23	property	property	NOUN
ftr-385	55	24	in	in	ADP
ftr-385	55	25	accordance	accordance	NOUN
ftr-385	55	26	with	with	ADP
ftr-385	55	27	§	§	PROPN
ftr-385	55	28	704(c	704(c	PROPN
ftr-385	55	29	)	)	PUNCT
ftr-385	55	30	principles	principle	NOUN
ftr-385	55	31	.	.	PUNCT
ftr-385	56	1	see	see	VERB
ftr-385	56	2	irc	irc	PROPN
ftr-385	56	3	§	§	PROPN
ftr-385	56	4	704(c)(1)(a	704(c)(1)(a	PROPN
ftr-385	56	5	)	)	PUNCT
ftr-385	56	6	;	;	PUNCT
ftr-385	56	7	reg	reg	NOUN
ftr-385	56	8	.	.	PUNCT
ftr-385	57	1	§	§	PROPN
ftr-385	57	2	§	§	PROPN
ftr-385	57	3	1.704	1.704	NUM
ftr-385	57	4	-	-	NUM
ftr-385	57	5	1(b)(4)(i	1(b)(4)(i	NUM
ftr-385	57	6	)	)	PUNCT
ftr-385	57	7	,	,	PUNCT
ftr-385	57	8	1.704	1.704	NUM
ftr-385	57	9	-	-	SYM
ftr-385	57	10	3(a)(2	3(a)(2	NUM
ftr-385	57	11	)	)	PUNCT
ftr-385	57	12	,	,	PUNCT
ftr-385	57	13	and	and	CCONJ
ftr-385	57	14	1.704	1.704	NUM
ftr-385	57	15	-	-	NUM
ftr-385	57	16	3(a)(6	3(a)(6	NUM
ftr-385	57	17	)	)	PUNCT
ftr-385	57	18	.	.	PUNCT
ftr-385	58	1	11	11	NUM
ftr-385	58	2	.	.	X
ftr-385	59	1	see	see	VERB
ftr-385	59	2	infra	infra	NOUN
ftr-385	59	3	notes	note	VERB
ftr-385	59	4	33	33	NUM
ftr-385	59	5	-	-	SYM
ftr-385	59	6	60	60	NUM
ftr-385	59	7	and	and	CCONJ
ftr-385	59	8	accompanying	accompany	VERB
ftr-385	59	9	text	text	NOUN
ftr-385	59	10	.	.	PUNCT
ftr-385	60	1	section	section	PROPN
ftr-385	60	2	751(b	751(b	PROPN
ftr-385	60	3	)	)	PUNCT
ftr-385	60	4	is	be	AUX
ftr-385	60	5	only	only	ADV
ftr-385	60	6	one	one	NUM
ftr-385	60	7	of	of	ADP
ftr-385	60	8	several	several	ADJ
ftr-385	60	9	provisions	provision	NOUN
ftr-385	60	10	that	that	PRON
ftr-385	60	11	are	be	AUX
ftr-385	60	12	intended	intend	VERB
ftr-385	60	13	to	to	PART
ftr-385	60	14	prevent	prevent	VERB
ftr-385	60	15	a	a	DET
ftr-385	60	16	distribution	distribution	NOUN
ftr-385	60	17	or	or	CCONJ
ftr-385	60	18	sale	sale	NOUN
ftr-385	60	19	of	of	ADP
ftr-385	60	20	partnership	partnership	NOUN
ftr-385	60	21	interests	interest	NOUN
ftr-385	60	22	from	from	ADP
ftr-385	60	23	shifting	shift	VERB
ftr-385	60	24	built	build	VERB
ftr-385	60	25	-	-	PUNCT
ftr-385	60	26	in	in	ADP
ftr-385	60	27	ordinary	ordinary	ADJ
ftr-385	60	28	income	income	NOUN
ftr-385	60	29	or	or	CCONJ
ftr-385	60	30	capital	capital	NOUN
ftr-385	60	31	gain	gain	NOUN
ftr-385	60	32	among	among	ADP
ftr-385	60	33	partners	partner	NOUN
ftr-385	60	34	.	.	PUNCT
ftr-385	61	1	the	the	DET
ftr-385	61	2	collapsible	collapsible	ADJ
ftr-385	61	3	partnership6	partnership6	PROPN
ftr-385	61	4	rules	rule	NOUN
ftr-385	61	5	of	of	ADP
ftr-385	61	6	sections	section	NOUN
ftr-385	61	7	751(a	751(a	NUM
ftr-385	61	8	)	)	PUNCT
ftr-385	61	9	and	and	CCONJ
ftr-385	61	10	751(b	751(b	NOUN
ftr-385	61	11	)	)	PUNCT
ftr-385	61	12	and	and	CCONJ
ftr-385	61	13	the	the	DET
ftr-385	61	14	inside	inside	ADJ
ftr-385	61	15	basis	basis	NOUN
ftr-385	61	16	adjustment	adjustment	NOUN
ftr-385	61	17	rules	rule	NOUN
ftr-385	61	18	of	of	ADP
ftr-385	61	19	sections	section	NOUN
ftr-385	61	20	743(b	743(b	NUM
ftr-385	61	21	)	)	PUNCT
ftr-385	61	22	and	and	CCONJ
ftr-385	61	23	734(b	734(b	NOUN
ftr-385	61	24	)	)	PUNCT
ftr-385	61	25	represented	represent	VERB
ftr-385	61	26	the	the	DET
ftr-385	61	27	culmination	culmination	NOUN
ftr-385	61	28	of	of	ADP
ftr-385	61	29	intensive	intensive	ADJ
ftr-385	61	30	study	study	NOUN
ftr-385	61	31	by	by	ADP
ftr-385	61	32	the	the	DET
ftr-385	61	33	american	american	PROPN
ftr-385	61	34	bar	bar	PROPN
ftr-385	61	35	association	association	PROPN
ftr-385	61	36	(	(	PUNCT
ftr-385	61	37	aba	aba	PROPN
ftr-385	61	38	)	)	PUNCT
ftr-385	61	39	and	and	CCONJ
ftr-385	61	40	american	american	PROPN
ftr-385	61	41	law	law	PROPN
ftr-385	61	42	institute	institute	PROPN
ftr-385	61	43	(	(	PUNCT
ftr-385	61	44	ali	ali	PROPN
ftr-385	61	45	)	)	PUNCT
ftr-385	61	46	leading	lead	VERB
ftr-385	61	47	to	to	ADP
ftr-385	61	48	the	the	DET
ftr-385	61	49	1954	1954	NUM
ftr-385	61	50	codification	codification	NOUN
ftr-385	61	51	of	of	ADP
ftr-385	61	52	subchapter	subchapter	NOUN
ftr-385	61	53	k.	k.	PROPN
ftr-385	62	1	while	while	SCONJ
ftr-385	62	2	sections	section	NOUN
ftr-385	62	3	743(b	743(b	NOUN
ftr-385	62	4	)	)	PUNCT
ftr-385	62	5	and7	and7	PROPN
ftr-385	62	6	751(a	751(a	NUM
ftr-385	62	7	)	)	PUNCT
ftr-385	62	8	dealing	deal	VERB
ftr-385	62	9	with	with	ADP
ftr-385	62	10	sales	sale	NOUN
ftr-385	62	11	of	of	ADP
ftr-385	62	12	partnership	partnership	NOUN
ftr-385	62	13	interests	interest	NOUN
ftr-385	62	14	generally	generally	ADV
ftr-385	62	15	function	function	VERB
ftr-385	62	16	relatively	relatively	ADV
ftr-385	62	17	well	well	ADV
ftr-385	62	18	,	,	PUNCT
ftr-385	62	19	sections	section	NOUN
ftr-385	62	20	734(b	734(b	NUM
ftr-385	62	21	)	)	PUNCT
ftr-385	62	22	and	and	CCONJ
ftr-385	62	23	751(b	751(b	NOUN
ftr-385	62	24	)	)	PUNCT
ftr-385	62	25	are	be	AUX
ftr-385	62	26	subject	subject	ADJ
ftr-385	62	27	to	to	ADP
ftr-385	62	28	important	important	ADJ
ftr-385	62	29	defects	defect	NOUN
ftr-385	62	30	that	that	PRON
ftr-385	62	31	impair	impair	VERB
ftr-385	62	32	their	their	PRON
ftr-385	62	33	ability	ability	NOUN
ftr-385	62	34	to	to	PART
ftr-385	62	35	prevent	prevent	VERB
ftr-385	62	36	shifting	shift	VERB
ftr-385	62	37	of	of	ADP
ftr-385	62	38	built	build	VERB
ftr-385	62	39	-	-	PUNCT
ftr-385	62	40	in	in	ADP
ftr-385	62	41	gain	gain	NOUN
ftr-385	62	42	.	.	PUNCT
ftr-385	63	1	these	these	DET
ftr-385	63	2	defects	defect	NOUN
ftr-385	63	3	stem	stem	VERB
ftr-385	63	4	mainly8	mainly8	NOUN
ftr-385	63	5	from	from	ADP
ftr-385	63	6	congress	congress	PROPN
ftr-385	63	7	’	'	PUNCT
ftr-385	63	8	failure	failure	NOUN
ftr-385	63	9	to	to	PART
ftr-385	63	10	follow	follow	VERB
ftr-385	63	11	through	through	ADP
ftr-385	63	12	on	on	ADP
ftr-385	63	13	the	the	DET
ftr-385	63	14	1954	1954	NUM
ftr-385	63	15	ali	ali	PROPN
ftr-385	63	16	proposals	proposal	NOUN
ftr-385	63	17	for	for	ADP
ftr-385	63	18	treating	treat	VERB
ftr-385	63	19	a	a	DET
ftr-385	63	20	nonprorata	nonprorata	ADJ
ftr-385	63	21	current	current	ADJ
ftr-385	63	22	distribution	distribution	NOUN
ftr-385	63	23	as	as	ADP
ftr-385	63	24	a	a	DET
ftr-385	63	25	partial	partial	ADJ
ftr-385	63	26	liquidation	liquidation	NOUN
ftr-385	63	27	of	of	ADP
ftr-385	63	28	the	the	DET
ftr-385	63	29	distributee	distributee	NOUN
ftr-385	63	30	’s	’s	PART
ftr-385	63	31	interest	interest	NOUN
ftr-385	63	32	,	,	PUNCT
ftr-385	63	33	coupled	couple	VERB
ftr-385	63	34	with	with	ADP
ftr-385	63	35	mandatory	mandatory	ADJ
ftr-385	63	36	inside	inside	ADJ
ftr-385	63	37	basis	basis	NOUN
ftr-385	63	38	adjustments	adjustment	NOUN
ftr-385	63	39	.	.	PUNCT
ftr-385	64	1	to	to	PART
ftr-385	64	2	avoid9	avoid9	NOUN
ftr-385	64	3	inadvertently	inadvertently	ADV
ftr-385	64	4	undermining	undermine	VERB
ftr-385	64	5	the	the	DET
ftr-385	64	6	purpose	purpose	NOUN
ftr-385	64	7	of	of	ADP
ftr-385	64	8	section	section	NOUN
ftr-385	64	9	751(b	751(b	PROPN
ftr-385	64	10	)	)	PUNCT
ftr-385	64	11	,	,	PUNCT
ftr-385	64	12	the	the	DET
ftr-385	64	13	hot	hot	ADJ
ftr-385	64	14	asset	asset	NOUN
ftr-385	64	15	sale	sale	NOUN
ftr-385	64	16	approach	approach	NOUN
ftr-385	64	17	needs	need	VERB
ftr-385	64	18	to	to	PART
ftr-385	64	19	be	be	AUX
ftr-385	64	20	coordinated	coordinate	VERB
ftr-385	64	21	with	with	ADP
ftr-385	64	22	section	section	NOUN
ftr-385	64	23	734(b	734(b	PROPN
ftr-385	64	24	)	)	PUNCT
ftr-385	64	25	adjustments	adjustment	NOUN
ftr-385	64	26	.	.	PUNCT
ftr-385	65	1	part	part	NOUN
ftr-385	65	2	ii	ii	PROPN
ftr-385	65	3	of	of	ADP
ftr-385	65	4	this	this	DET
ftr-385	65	5	commentary	commentary	NOUN
ftr-385	65	6	considers	consider	VERB
ftr-385	65	7	the	the	DET
ftr-385	65	8	general	general	ADJ
ftr-385	65	9	operation	operation	NOUN
ftr-385	65	10	of	of	ADP
ftr-385	65	11	the	the	DET
ftr-385	65	12	hot	hot	ADJ
ftr-385	65	13	asset	asset	NOUN
ftr-385	65	14	sale	sale	NOUN
ftr-385	65	15	approach	approach	NOUN
ftr-385	65	16	when	when	SCONJ
ftr-385	65	17	partnership	partnership	NOUN
ftr-385	65	18	property	property	NOUN
ftr-385	65	19	is	be	AUX
ftr-385	65	20	revalued	revalue	VERB
ftr-385	65	21	.	.	PUNCT
ftr-385	66	1	part	part	NOUN
ftr-385	66	2	iii	iii	NUM
ftr-385	66	3	considers10	considers10	NOUN
ftr-385	66	4	the	the	DET
ftr-385	66	5	relationship	relationship	NOUN
ftr-385	66	6	between	between	ADP
ftr-385	66	7	sections	section	NOUN
ftr-385	66	8	734(b	734(b	PROPN
ftr-385	66	9	)	)	PUNCT
ftr-385	66	10	and	and	CCONJ
ftr-385	66	11	751(b	751(b	NOUN
ftr-385	66	12	)	)	PUNCT
ftr-385	66	13	,	,	PUNCT
ftr-385	66	14	focusing	focus	VERB
ftr-385	66	15	on	on	ADP
ftr-385	66	16	the	the	DET
ftr-385	66	17	1954	1954	NUM
ftr-385	66	18	ali	ali	NOUN
ftr-385	66	19	proposals	proposal	NOUN
ftr-385	66	20	and	and	CCONJ
ftr-385	66	21	professor	professor	PROPN
ftr-385	66	22	andrews	andrews	PROPN
ftr-385	66	23	’	'	PUNCT
ftr-385	66	24	more	more	ADV
ftr-385	66	25	recent	recent	ADJ
ftr-385	66	26	proposals	proposal	NOUN
ftr-385	66	27	to	to	PART
ftr-385	66	28	reform	reform	VERB
ftr-385	66	29	the	the	DET
ftr-385	66	30	treatment	treatment	NOUN
ftr-385	66	31	of	of	ADP
ftr-385	66	32	hot	hot	ADJ
ftr-385	66	33	asset	asset	NOUN
ftr-385	66	34	distributions	distribution	NOUN
ftr-385	66	35	and	and	CCONJ
ftr-385	66	36	inside	inside	ADP
ftr-385	66	37	basis	basis	NOUN
ftr-385	66	38	adjustments	adjustment	NOUN
ftr-385	66	39	.	.	PUNCT
ftr-385	67	1	part	part	NOUN
ftr-385	68	1	iv11	iv11	PROPN
ftr-385	68	2	explores	explore	VERB
ftr-385	68	3	the	the	DET
ftr-385	68	4	hot	hot	ADJ
ftr-385	68	5	asset	asset	NOUN
ftr-385	68	6	sale	sale	NOUN
ftr-385	68	7	approach	approach	NOUN
ftr-385	68	8	in	in	ADP
ftr-385	68	9	the	the	DET
ftr-385	68	10	context	context	NOUN
ftr-385	68	11	of	of	ADP
ftr-385	68	12	liquidating	liquidating	NOUN
ftr-385	68	13	distributions	distribution	NOUN
ftr-385	68	14	332	332	NUM
ftr-385	68	15	florida	florida	PROPN
ftr-385	68	16	tax	tax	PROPN
ftr-385	68	17	review	review	NOUN
ftr-385	69	1	[	[	X
ftr-385	69	2	vol.8:3	vol.8:3	NOUN
ftr-385	69	3	12	12	NUM
ftr-385	69	4	.	.	PUNCT
ftr-385	70	1	see	see	PROPN
ftr-385	70	2	andrews	andrews	PROPN
ftr-385	70	3	,	,	PUNCT
ftr-385	70	4	supra	supra	PROPN
ftr-385	70	5	note	note	PROPN
ftr-385	70	6	5	5	NUM
ftr-385	70	7	,	,	PUNCT
ftr-385	70	8	at	at	ADP
ftr-385	70	9	46	46	NUM
ftr-385	70	10	(	(	PUNCT
ftr-385	70	11	stressing	stress	VERB
ftr-385	70	12	that	that	SCONJ
ftr-385	70	13	§	§	PROPN
ftr-385	70	14	751(b	751(b	PROPN
ftr-385	70	15	)	)	PUNCT
ftr-385	70	16	has	have	AUX
ftr-385	70	17	now	now	ADV
ftr-385	70	18	come	come	VERB
ftr-385	70	19	to	to	PART
ftr-385	70	20	play	play	VERB
ftr-385	70	21	an	an	DET
ftr-385	70	22	important	important	ADJ
ftr-385	70	23	gain	gain	NOUN
ftr-385	70	24	-	-	PUNCT
ftr-385	70	25	recognition	recognition	NOUN
ftr-385	70	26	function	function	NOUN
ftr-385	70	27	under	under	ADP
ftr-385	70	28	subchapter	subchapter	NOUN
ftr-385	70	29	k	k	PROPN
ftr-385	70	30	)	)	PUNCT
ftr-385	70	31	.	.	PUNCT
ftr-385	71	1	13	13	NUM
ftr-385	71	2	.	.	PUNCT
ftr-385	72	1	see	see	VERB
ftr-385	72	2	notice	notice	NOUN
ftr-385	72	3	2006	2006	NUM
ftr-385	72	4	-	-	SYM
ftr-385	72	5	14	14	NUM
ftr-385	72	6	,	,	PUNCT
ftr-385	72	7	supra	supra	NOUN
ftr-385	72	8	note	note	NOUN
ftr-385	72	9	1	1	NUM
ftr-385	72	10	.	.	NOUN
ftr-385	72	11	14	14	NUM
ftr-385	72	12	.	.	PUNCT
ftr-385	73	1	if	if	SCONJ
ftr-385	73	2	§	§	PROPN
ftr-385	73	3	704(c	704(c	PROPN
ftr-385	73	4	)	)	PUNCT
ftr-385	73	5	principles	principle	NOUN
ftr-385	73	6	are	be	AUX
ftr-385	73	7	taken	take	VERB
ftr-385	73	8	into	into	ADP
ftr-385	73	9	account	account	NOUN
ftr-385	73	10	in	in	ADP
ftr-385	73	11	measuring	measure	VERB
ftr-385	73	12	hot	hot	ADJ
ftr-385	73	13	asset	asset	NOUN
ftr-385	73	14	shifts	shift	NOUN
ftr-385	73	15	,	,	PUNCT
ftr-385	73	16	“	"	PUNCT
ftr-385	73	17	significantly	significantly	ADV
ftr-385	73	18	fewer	few	ADJ
ftr-385	73	19	distributions	distribution	NOUN
ftr-385	73	20	would	would	AUX
ftr-385	73	21	trigger	trigger	VERB
ftr-385	73	22	§	§	PROPN
ftr-385	73	23	751(b	751(b	PROPN
ftr-385	73	24	)	)	PUNCT
ftr-385	73	25	.	.	PUNCT
ftr-385	73	26	”	"	PUNCT
ftr-385	74	1	i	i	PRON
ftr-385	74	2	d.	d.	VERB
ftr-385	74	3	it	it	PRON
ftr-385	74	4	is	be	AUX
ftr-385	74	5	assumed	assume	VERB
ftr-385	74	6	throughout	throughout	ADP
ftr-385	74	7	that	that	SCONJ
ftr-385	74	8	a	a	DET
ftr-385	74	9	partnership	partnership	NOUN
ftr-385	74	10	revalues	revalue	NOUN
ftr-385	74	11	all	all	PRON
ftr-385	74	12	of	of	ADP
ftr-385	74	13	its	its	PRON
ftr-385	74	14	assets	asset	NOUN
ftr-385	74	15	immediately	immediately	ADV
ftr-385	74	16	prior	prior	ADV
ftr-385	74	17	to	to	ADP
ftr-385	74	18	the	the	DET
ftr-385	74	19	distribution	distribution	NOUN
ftr-385	74	20	.	.	PUNCT
ftr-385	75	1	see	see	VERB
ftr-385	75	2	reg	reg	NOUN
ftr-385	75	3	.	.	PUNCT
ftr-385	76	1	§	§	PROPN
ftr-385	76	2	1.704	1.704	NUM
ftr-385	76	3	-	-	SYM
ftr-385	76	4	1(b)(2)(iv)(f	1(b)(2)(iv)(f	NUM
ftr-385	76	5	)	)	PUNCT
ftr-385	76	6	(	(	PUNCT
ftr-385	76	7	election	election	NOUN
ftr-385	76	8	to	to	PART
ftr-385	76	9	revalue	revalue	VERB
ftr-385	76	10	)	)	PUNCT
ftr-385	76	11	;	;	PUNCT
ftr-385	76	12	see	see	VERB
ftr-385	76	13	also	also	ADV
ftr-385	76	14	reg	reg	ADJ
ftr-385	76	15	.	.	PUNCT
ftr-385	77	1	§	§	PROPN
ftr-385	77	2	1.704	1.704	NUM
ftr-385	77	3	-	-	SYM
ftr-385	77	4	1(b)(2)(iv)(e)(1	1(b)(2)(iv)(e)(1	NUM
ftr-385	77	5	)	)	PUNCT
ftr-385	77	6	.	.	PUNCT
ftr-385	78	1	15	15	NUM
ftr-385	78	2	.	.	PUNCT
ftr-385	79	1	by	by	ADP
ftr-385	79	2	comparison	comparison	NOUN
ftr-385	79	3	to	to	ADP
ftr-385	79	4	current	current	ADJ
ftr-385	79	5	distributions	distribution	NOUN
ftr-385	79	6	,	,	PUNCT
ftr-385	79	7	liquidating	liquidating	NOUN
ftr-385	79	8	distributions	distribution	NOUN
ftr-385	79	9	are	be	AUX
ftr-385	79	10	much	much	ADV
ftr-385	79	11	simpler	simple	ADJ
ftr-385	79	12	to	to	PART
ftr-385	79	13	handle	handle	VERB
ftr-385	79	14	under	under	ADP
ftr-385	79	15	§	§	PROPN
ftr-385	79	16	751(b	751(b	PROPN
ftr-385	79	17	)	)	PUNCT
ftr-385	79	18	,	,	PUNCT
ftr-385	79	19	since	since	SCONJ
ftr-385	79	20	the	the	DET
ftr-385	79	21	distributee	distributee	NOUN
ftr-385	79	22	is	be	AUX
ftr-385	79	23	left	leave	VERB
ftr-385	79	24	with	with	ADP
ftr-385	79	25	no	no	DET
ftr-385	79	26	outside	outside	ADJ
ftr-385	79	27	basis	basis	NOUN
ftr-385	79	28	,	,	PUNCT
ftr-385	79	29	tax	tax	NOUN
ftr-385	79	30	capital	capital	NOUN
ftr-385	79	31	account	account	NOUN
ftr-385	79	32	,	,	PUNCT
ftr-385	79	33	or	or	CCONJ
ftr-385	79	34	share	share	NOUN
ftr-385	79	35	of	of	ADP
ftr-385	79	36	inside	inside	ADJ
ftr-385	79	37	basis	basis	NOUN
ftr-385	79	38	.	.	PUNCT
ftr-385	80	1	16	16	NUM
ftr-385	80	2	.	.	PUNCT
ftr-385	81	1	this	this	DET
ftr-385	81	2	example	example	NOUN
ftr-385	81	3	is	be	AUX
ftr-385	81	4	derived	derive	VERB
ftr-385	81	5	from	from	ADP
ftr-385	81	6	notice	notice	NOUN
ftr-385	81	7	2006	2006	NUM
ftr-385	81	8	-	-	SYM
ftr-385	81	9	14	14	NUM
ftr-385	81	10	,	,	PUNCT
ftr-385	81	11	supra	supra	NOUN
ftr-385	81	12	note	note	NOUN
ftr-385	81	13	1	1	NUM
ftr-385	81	14	,	,	PUNCT
ftr-385	81	15	example	example	NOUN
ftr-385	81	16	1	1	NUM
ftr-385	81	17	.	.	PUNCT
ftr-385	82	1	that	that	DET
ftr-385	82	2	trigger	trigger	NOUN
ftr-385	82	3	section	section	NOUN
ftr-385	82	4	734(b	734(b	PROPN
ftr-385	82	5	)	)	PUNCT
ftr-385	82	6	because	because	SCONJ
ftr-385	82	7	of	of	ADP
ftr-385	82	8	insufficient	insufficient	ADJ
ftr-385	82	9	shares	share	NOUN
ftr-385	82	10	of	of	ADP
ftr-385	82	11	outside	outside	NOUN
ftr-385	82	12	(	(	PUNCT
ftr-385	82	13	or	or	CCONJ
ftr-385	82	14	inside	inside	ADJ
ftr-385	82	15	)	)	PUNCT
ftr-385	82	16	basis	basis	NOUN
ftr-385	82	17	.	.	PUNCT
ftr-385	83	1	part	part	NOUN
ftr-385	83	2	v	v	ADP
ftr-385	83	3	addresses	address	NOUN
ftr-385	83	4	nonprorata	nonprorata	ADJ
ftr-385	83	5	current	current	ADJ
ftr-385	83	6	distributions	distribution	NOUN
ftr-385	83	7	that	that	PRON
ftr-385	83	8	reduce	reduce	VERB
ftr-385	83	9	the	the	DET
ftr-385	83	10	distributee	distributee	NOUN
ftr-385	83	11	’s	’s	PART
ftr-385	83	12	interest	interest	NOUN
ftr-385	83	13	in	in	ADP
ftr-385	83	14	the	the	DET
ftr-385	83	15	partnership	partnership	NOUN
ftr-385	83	16	,	,	PUNCT
ftr-385	83	17	leaving	leave	VERB
ftr-385	83	18	the	the	DET
ftr-385	83	19	distributee	distributee	NOUN
ftr-385	83	20	with	with	ADP
ftr-385	83	21	a	a	DET
ftr-385	83	22	retained	retain	VERB
ftr-385	83	23	interest	interest	NOUN
ftr-385	83	24	that	that	PRON
ftr-385	83	25	may	may	AUX
ftr-385	83	26	be	be	AUX
ftr-385	83	27	insufficient	insufficient	ADJ
ftr-385	83	28	(	(	PUNCT
ftr-385	83	29	by	by	ADP
ftr-385	83	30	value	value	NOUN
ftr-385	83	31	)	)	PUNCT
ftr-385	83	32	to	to	PART
ftr-385	83	33	support	support	VERB
ftr-385	83	34	booked	book	VERB
ftr-385	83	35	-	-	PUNCT
ftr-385	83	36	up	up	ADP
ftr-385	83	37	hot	hot	ADJ
ftr-385	83	38	asset	asset	NOUN
ftr-385	83	39	gain	gain	NOUN
ftr-385	83	40	.	.	PUNCT
ftr-385	84	1	part	part	NOUN
ftr-385	84	2	vi	vi	PROPN
ftr-385	84	3	suggests	suggest	VERB
ftr-385	84	4	the	the	DET
ftr-385	84	5	need	need	NOUN
ftr-385	84	6	to	to	PART
ftr-385	84	7	restore	restore	VERB
ftr-385	84	8	conformity	conformity	NOUN
ftr-385	84	9	between	between	ADP
ftr-385	84	10	sections	section	NOUN
ftr-385	84	11	751(a	751(a	NUM
ftr-385	84	12	)	)	PUNCT
ftr-385	84	13	and	and	CCONJ
ftr-385	84	14	751(b	751(b	NOUN
ftr-385	84	15	)	)	PUNCT
ftr-385	84	16	by	by	ADP
ftr-385	84	17	extending	extend	VERB
ftr-385	84	18	the	the	DET
ftr-385	84	19	hot	hot	ADJ
ftr-385	84	20	asset	asset	NOUN
ftr-385	84	21	sale	sale	NOUN
ftr-385	84	22	approach	approach	NOUN
ftr-385	84	23	to	to	ADP
ftr-385	84	24	shifts	shift	NOUN
ftr-385	84	25	of	of	ADP
ftr-385	84	26	tepid	tepid	ADJ
ftr-385	84	27	asset	asset	NOUN
ftr-385	84	28	gain	gain	NOUN
ftr-385	84	29	.	.	PUNCT
ftr-385	85	1	while	while	SCONJ
ftr-385	85	2	the	the	DET
ftr-385	85	3	hot	hot	ADJ
ftr-385	85	4	asset	asset	NOUN
ftr-385	85	5	sale	sale	NOUN
ftr-385	85	6	approach	approach	NOUN
ftr-385	85	7	represents	represent	VERB
ftr-385	85	8	a	a	DET
ftr-385	85	9	significant	significant	ADJ
ftr-385	85	10	improvement	improvement	NOUN
ftr-385	85	11	,	,	PUNCT
ftr-385	85	12	this	this	DET
ftr-385	85	13	commentary	commentary	NOUN
ftr-385	85	14	concludes	conclude	VERB
ftr-385	85	15	that	that	SCONJ
ftr-385	85	16	section	section	NOUN
ftr-385	85	17	751(b	751(b	PROPN
ftr-385	85	18	)	)	PUNCT
ftr-385	85	19	should	should	AUX
ftr-385	85	20	continue	continue	VERB
ftr-385	85	21	to	to	PART
ftr-385	85	22	play	play	VERB
ftr-385	85	23	an	an	DET
ftr-385	85	24	essential	essential	ADJ
ftr-385	85	25	gain	gain	NOUN
ftr-385	85	26	-	-	PUNCT
ftr-385	85	27	recognition	recognition	NOUN
ftr-385	85	28	function.12	function.12	PROPN
ftr-385	85	29	ii	ii	PROPN
ftr-385	85	30	.	.	PUNCT
ftr-385	86	1	hot	hot	ADJ
ftr-385	86	2	asset	asset	NOUN
ftr-385	86	3	sale	sale	NOUN
ftr-385	86	4	approach	approach	NOUN
ftr-385	86	5	and	and	CCONJ
ftr-385	86	6	revaluations	revaluation	NOUN
ftr-385	86	7	under	under	ADP
ftr-385	86	8	the	the	DET
ftr-385	86	9	hot	hot	ADJ
ftr-385	86	10	asset	asset	NOUN
ftr-385	86	11	sale	sale	NOUN
ftr-385	86	12	approach	approach	NOUN
ftr-385	86	13	,	,	PUNCT
ftr-385	86	14	any	any	DET
ftr-385	86	15	partner	partner	NOUN
ftr-385	86	16	whose	whose	DET
ftr-385	86	17	share	share	NOUN
ftr-385	86	18	of	of	ADP
ftr-385	86	19	hot	hot	ADJ
ftr-385	86	20	assets	asset	NOUN
ftr-385	86	21	is	be	AUX
ftr-385	86	22	reduced	reduce	VERB
ftr-385	86	23	(	(	PUNCT
ftr-385	86	24	selling	sell	VERB
ftr-385	86	25	partner	partner	NOUN
ftr-385	86	26	)	)	PUNCT
ftr-385	86	27	would	would	AUX
ftr-385	86	28	be	be	AUX
ftr-385	86	29	treated	treat	VERB
ftr-385	86	30	as	as	ADP
ftr-385	86	31	receiving	receive	VERB
ftr-385	86	32	the	the	DET
ftr-385	86	33	relinquished	relinquished	ADJ
ftr-385	86	34	hot	hot	ADJ
ftr-385	86	35	assets	asset	NOUN
ftr-385	86	36	as	as	ADP
ftr-385	86	37	a	a	DET
ftr-385	86	38	distribution	distribution	NOUN
ftr-385	86	39	and	and	CCONJ
ftr-385	86	40	then	then	ADV
ftr-385	86	41	selling	sell	VERB
ftr-385	86	42	them	they	PRON
ftr-385	86	43	back	back	ADV
ftr-385	86	44	to	to	ADP
ftr-385	86	45	the	the	DET
ftr-385	86	46	partnership	partnership	NOUN
ftr-385	86	47	for	for	ADP
ftr-385	86	48	fair	fair	ADJ
ftr-385	86	49	market	market	NOUN
ftr-385	86	50	value	value	NOUN
ftr-385	86	51	.	.	PUNCT
ftr-385	87	1	the	the	DET
ftr-385	87	2	basis	basis	NOUN
ftr-385	87	3	of	of	ADP
ftr-385	87	4	distributed	distribute	VERB
ftr-385	87	5	(	(	PUNCT
ftr-385	87	6	or	or	CCONJ
ftr-385	87	7	retained	retain	VERB
ftr-385	87	8	)	)	PUNCT
ftr-385	87	9	hot	hot	ADJ
ftr-385	87	10	assets	asset	NOUN
ftr-385	87	11	would	would	AUX
ftr-385	87	12	be13	be13	PROPN
ftr-385	87	13	increased	increase	VERB
ftr-385	87	14	to	to	PART
ftr-385	87	15	reflect	reflect	VERB
ftr-385	87	16	ordinary	ordinary	ADJ
ftr-385	87	17	income	income	NOUN
ftr-385	87	18	recognized	recognize	VERB
ftr-385	87	19	by	by	ADP
ftr-385	87	20	the	the	DET
ftr-385	87	21	selling	selling	NOUN
ftr-385	87	22	partner	partner	NOUN
ftr-385	87	23	.	.	PUNCT
ftr-385	88	1	thus	thus	ADV
ftr-385	88	2	,	,	PUNCT
ftr-385	88	3	a	a	DET
ftr-385	88	4	current	current	ADJ
ftr-385	88	5	hot	hot	ADJ
ftr-385	88	6	asset	asset	NOUN
ftr-385	88	7	distribution	distribution	NOUN
ftr-385	88	8	would	would	AUX
ftr-385	88	9	generally	generally	ADV
ftr-385	88	10	trigger	trigger	VERB
ftr-385	88	11	section	section	NOUN
ftr-385	88	12	751(b	751(b	PROPN
ftr-385	88	13	)	)	PUNCT
ftr-385	88	14	only	only	ADV
ftr-385	88	15	if	if	SCONJ
ftr-385	88	16	the	the	DET
ftr-385	88	17	nondistributee	nondistributee	NOUN
ftr-385	88	18	partners	partner	NOUN
ftr-385	88	19	were	be	AUX
ftr-385	88	20	previously	previously	ADV
ftr-385	88	21	allocated	allocate	VERB
ftr-385	88	22	a	a	DET
ftr-385	88	23	share	share	NOUN
ftr-385	88	24	of	of	ADP
ftr-385	88	25	booked	book	VERB
ftr-385	88	26	-	-	PUNCT
ftr-385	88	27	up	up	ADP
ftr-385	88	28	gain	gain	NOUN
ftr-385	88	29	in	in	ADP
ftr-385	88	30	distributed	distribute	VERB
ftr-385	88	31	hot	hot	ADJ
ftr-385	88	32	assets	asset	NOUN
ftr-385	88	33	.	.	PUNCT
ftr-385	89	1	the	the	DET
ftr-385	89	2	nondistributee	nondistributee	NOUN
ftr-385	89	3	partners	partner	NOUN
ftr-385	89	4	whose	whose	DET
ftr-385	89	5	predistribution	predistribution	NOUN
ftr-385	89	6	share14	share14	NOUN
ftr-385	89	7	of	of	ADP
ftr-385	89	8	hot	hot	ADJ
ftr-385	89	9	asset	asset	NOUN
ftr-385	89	10	gain	gain	NOUN
ftr-385	89	11	is	be	AUX
ftr-385	89	12	thereby	thereby	ADV
ftr-385	89	13	reduced	reduce	VERB
ftr-385	89	14	would	would	AUX
ftr-385	89	15	be	be	AUX
ftr-385	89	16	treated	treat	VERB
ftr-385	89	17	as	as	ADP
ftr-385	89	18	the	the	DET
ftr-385	89	19	selling	selling	NOUN
ftr-385	89	20	partners	partner	NOUN
ftr-385	89	21	.	.	PUNCT
ftr-385	90	1	on	on	ADP
ftr-385	90	2	liquidation	liquidation	NOUN
ftr-385	90	3	of	of	ADP
ftr-385	90	4	a	a	DET
ftr-385	90	5	partner	partner	NOUN
ftr-385	90	6	’s	’s	PART
ftr-385	90	7	interest	interest	NOUN
ftr-385	90	8	,	,	PUNCT
ftr-385	90	9	the	the	DET
ftr-385	90	10	selling	sell	VERB
ftr-385	90	11	partners	partner	NOUN
ftr-385	90	12	would	would	AUX
ftr-385	90	13	be	be	AUX
ftr-385	90	14	either	either	CCONJ
ftr-385	90	15	the	the	DET
ftr-385	90	16	continuing	continue	VERB
ftr-385	90	17	partners	partner	NOUN
ftr-385	90	18	or	or	CCONJ
ftr-385	90	19	the	the	DET
ftr-385	90	20	distributee	distributee	NOUN
ftr-385	90	21	(	(	PUNCT
ftr-385	90	22	but	but	CCONJ
ftr-385	90	23	not	not	PART
ftr-385	90	24	both	both	PRON
ftr-385	90	25	)	)	PUNCT
ftr-385	90	26	,	,	PUNCT
ftr-385	90	27	depending	depend	VERB
ftr-385	90	28	on	on	ADP
ftr-385	90	29	whether	whether	SCONJ
ftr-385	90	30	the	the	DET
ftr-385	90	31	distribution	distribution	NOUN
ftr-385	90	32	carries	carry	VERB
ftr-385	90	33	out	out	ADP
ftr-385	90	34	more	more	ADV
ftr-385	90	35	or	or	CCONJ
ftr-385	90	36	less	less	ADJ
ftr-385	90	37	than	than	ADP
ftr-385	90	38	the	the	DET
ftr-385	90	39	distributee	distributee	NOUN
ftr-385	90	40	’s	’s	PART
ftr-385	90	41	predistribution	predistribution	NOUN
ftr-385	90	42	share	share	NOUN
ftr-385	90	43	of	of	ADP
ftr-385	90	44	hot	hot	ADJ
ftr-385	90	45	asset	asset	NOUN
ftr-385	90	46	gain	gain	NOUN
ftr-385	90	47	.	.	PUNCT
ftr-385	91	1	section	section	NOUN
ftr-385	91	2	751(b	751(b	PROPN
ftr-385	91	3	)	)	PUNCT
ftr-385	91	4	would	would	AUX
ftr-385	91	5	often	often	ADV
ftr-385	91	6	be	be	AUX
ftr-385	91	7	inapplicable	inapplicable	ADJ
ftr-385	91	8	when	when	SCONJ
ftr-385	91	9	a	a	DET
ftr-385	91	10	current15	current15	NOUN
ftr-385	91	11	distribution	distribution	NOUN
ftr-385	91	12	consists	consist	VERB
ftr-385	91	13	entirely	entirely	ADV
ftr-385	91	14	of	of	ADP
ftr-385	91	15	cash	cash	NOUN
ftr-385	91	16	or	or	CCONJ
ftr-385	91	17	other	other	ADJ
ftr-385	91	18	nonhot	nonhot	ADJ
ftr-385	91	19	assets	asset	NOUN
ftr-385	91	20	(	(	PUNCT
ftr-385	91	21	cold	cold	ADJ
ftr-385	91	22	assets	asset	NOUN
ftr-385	91	23	)	)	PUNCT
ftr-385	91	24	,	,	PUNCT
ftr-385	91	25	since	since	SCONJ
ftr-385	91	26	a	a	DET
ftr-385	91	27	revaluation	revaluation	NOUN
ftr-385	91	28	preserves	preserve	VERB
ftr-385	91	29	the	the	DET
ftr-385	91	30	partners	partner	NOUN
ftr-385	91	31	’	’	PART
ftr-385	91	32	shares	share	NOUN
ftr-385	91	33	of	of	ADP
ftr-385	91	34	ordinary	ordinary	ADJ
ftr-385	91	35	income	income	NOUN
ftr-385	91	36	.	.	PUNCT
ftr-385	92	1	example	example	NOUN
ftr-385	92	2	(	(	PUNCT
ftr-385	92	3	1	1	NUM
ftr-385	92	4	):	):	PUNCT
ftr-385	92	5	the	the	DET
ftr-385	92	6	abc	abc	PROPN
ftr-385	92	7	partnership	partnership	PROPN
ftr-385	92	8	purchases	purchase	VERB
ftr-385	92	9	land	land	NOUN
ftr-385	92	10	for	for	ADP
ftr-385	92	11	$	$	SYM
ftr-385	92	12	210	210	NUM
ftr-385	92	13	which16	which16	NOUN
ftr-385	92	14	appreciates	appreciate	VERB
ftr-385	92	15	in	in	ADP
ftr-385	92	16	value	value	NOUN
ftr-385	92	17	to	to	ADP
ftr-385	92	18	$	$	SYM
ftr-385	92	19	300	300	NUM
ftr-385	92	20	.	.	PUNCT
ftr-385	93	1	each	each	DET
ftr-385	93	2	partner	partner	NOUN
ftr-385	93	3	has	have	VERB
ftr-385	93	4	a	a	DET
ftr-385	93	5	basis	basis	NOUN
ftr-385	93	6	of	of	ADP
ftr-385	93	7	$	$	SYM
ftr-385	93	8	120	120	NUM
ftr-385	93	9	in	in	ADP
ftr-385	93	10	her	her	PRON
ftr-385	93	11	partnership	partnership	NOUN
ftr-385	93	12	interest	interest	NOUN
ftr-385	93	13	.	.	PUNCT
ftr-385	94	1	when	when	SCONJ
ftr-385	94	2	the	the	DET
ftr-385	94	3	partnership	partnership	NOUN
ftr-385	94	4	also	also	ADV
ftr-385	94	5	has	have	VERB
ftr-385	94	6	zero	zero	NUM
ftr-385	94	7	-	-	PUNCT
ftr-385	94	8	basis	basis	NOUN
ftr-385	94	9	receivables	receivables	NOUN
ftr-385	94	10	worth	worth	ADJ
ftr-385	94	11	$	$	SYM
ftr-385	94	12	90	90	NUM
ftr-385	94	13	and	and	CCONJ
ftr-385	94	14	cash	cash	NOUN
ftr-385	94	15	of	of	ADP
ftr-385	94	16	$	$	SYM
ftr-385	94	17	150	150	NUM
ftr-385	94	18	,	,	PUNCT
ftr-385	94	19	c	c	PROPN
ftr-385	94	20	receives	receive	VERB
ftr-385	94	21	a	a	DET
ftr-385	94	22	cash	cash	NOUN
ftr-385	94	23	distribution	distribution	NOUN
ftr-385	94	24	of	of	ADP
ftr-385	94	25	$	$	SYM
ftr-385	94	26	90	90	NUM
ftr-385	94	27	,	,	PUNCT
ftr-385	94	28	reducing	reduce	VERB
ftr-385	94	29	her	her	PRON
ftr-385	94	30	interest	interest	NOUN
ftr-385	94	31	in	in	ADP
ftr-385	94	32	the	the	DET
ftr-385	94	33	2007	2007	NUM
ftr-385	94	34	]	]	PUNCT
ftr-385	94	35	taxing	tax	VERB
ftr-385	94	36	hot	hot	ADJ
ftr-385	94	37	asset	asset	NOUN
ftr-385	94	38	shifts	shift	NOUN
ftr-385	94	39	333	333	NUM
ftr-385	94	40	17	17	NUM
ftr-385	94	41	.	.	PUNCT
ftr-385	94	42	applying	apply	VERB
ftr-385	94	43	§	§	PROPN
ftr-385	94	44	704(c	704(c	PROPN
ftr-385	94	45	)	)	PUNCT
ftr-385	94	46	principles	principle	NOUN
ftr-385	94	47	,	,	PUNCT
ftr-385	94	48	c	c	PROPN
ftr-385	94	49	has	have	VERB
ftr-385	94	50	a	a	DET
ftr-385	94	51	one	one	NUM
ftr-385	94	52	-	-	PUNCT
ftr-385	94	53	ninth	ninth	ADJ
ftr-385	94	54	share	share	NOUN
ftr-385	94	55	(	(	PUNCT
ftr-385	94	56	$	$	SYM
ftr-385	94	57	30/$270	30/$270	NUM
ftr-385	94	58	)	)	PUNCT
ftr-385	94	59	and	and	CCONJ
ftr-385	94	60	the	the	DET
ftr-385	94	61	nondistributee	nondistributee	NOUN
ftr-385	94	62	partners	partner	NOUN
ftr-385	94	63	have	have	VERB
ftr-385	94	64	an	an	DET
ftr-385	94	65	eight	eight	NUM
ftr-385	94	66	-	-	PUNCT
ftr-385	94	67	ninths	ninths	NOUN
ftr-385	94	68	share	share	NOUN
ftr-385	94	69	(	(	PUNCT
ftr-385	94	70	$	$	SYM
ftr-385	94	71	240/270	240/270	NUM
ftr-385	94	72	)	)	PUNCT
ftr-385	94	73	of	of	ADP
ftr-385	94	74	the	the	DET
ftr-385	94	75	basis	basis	NOUN
ftr-385	94	76	of	of	ADP
ftr-385	94	77	each	each	DET
ftr-385	94	78	retained	retain	VERB
ftr-385	94	79	asset	asset	NOUN
ftr-385	94	80	.	.	PUNCT
ftr-385	95	1	thus	thus	ADV
ftr-385	95	2	,	,	PUNCT
ftr-385	95	3	c	c	PROPN
ftr-385	95	4	has	have	VERB
ftr-385	95	5	the	the	DET
ftr-385	95	6	following	follow	VERB
ftr-385	95	7	share	share	NOUN
ftr-385	95	8	of	of	ADP
ftr-385	95	9	inside	inside	ADJ
ftr-385	95	10	basis	basis	NOUN
ftr-385	95	11	,	,	PUNCT
ftr-385	95	12	gain	gain	NOUN
ftr-385	95	13	and	and	CCONJ
ftr-385	95	14	value	value	NOUN
ftr-385	95	15	:	:	PUNCT
ftr-385	95	16	assets	asset	NOUN
ftr-385	95	17	basis	basis	NOUN
ftr-385	95	18	gain	gain	NOUN
ftr-385	95	19	value	value	NOUN
ftr-385	95	20	cash	cash	NOUN
ftr-385	95	21	$	$	SYM
ftr-385	95	22	6.67	6.67	NUM
ftr-385	95	23	$	$	SYM
ftr-385	95	24	0	0	NUM
ftr-385	95	25	$	$	SYM
ftr-385	95	26	6.67	6.67	NUM
ftr-385	95	27	receivables	receivables	NOUN
ftr-385	95	28	0	0	NUM
ftr-385	95	29	30	30	NUM
ftr-385	95	30	30	30	NUM
ftr-385	95	31	land	land	NOUN
ftr-385	95	32	23.33	23.33	NUM
ftr-385	95	33	30	30	NUM
ftr-385	95	34	53.33	53.33	NUM
ftr-385	95	35	total	total	NOUN
ftr-385	95	36	$	$	SYM
ftr-385	95	37	30	30	NUM
ftr-385	95	38	$	$	SYM
ftr-385	95	39	60	60	NUM
ftr-385	95	40	$	$	SYM
ftr-385	95	41	90	90	NUM
ftr-385	95	42	since	since	SCONJ
ftr-385	95	43	c	c	PROPN
ftr-385	95	44	’s	’s	PART
ftr-385	95	45	share	share	NOUN
ftr-385	95	46	of	of	ADP
ftr-385	95	47	hot	hot	ADJ
ftr-385	95	48	asset	asset	NOUN
ftr-385	95	49	gain	gain	NOUN
ftr-385	95	50	(	(	PUNCT
ftr-385	95	51	$	$	SYM
ftr-385	95	52	30	30	NUM
ftr-385	95	53	)	)	PUNCT
ftr-385	95	54	and	and	CCONJ
ftr-385	95	55	value	value	NOUN
ftr-385	95	56	(	(	PUNCT
ftr-385	95	57	$	$	SYM
ftr-385	95	58	30	30	NUM
ftr-385	95	59	)	)	PUNCT
ftr-385	95	60	are	be	AUX
ftr-385	95	61	both	both	ADV
ftr-385	95	62	unchanged	unchanged	ADJ
ftr-385	95	63	,	,	PUNCT
ftr-385	95	64	§	§	PROPN
ftr-385	95	65	751(b	751(b	PROPN
ftr-385	95	66	)	)	PUNCT
ftr-385	95	67	should	should	AUX
ftr-385	95	68	not	not	PART
ftr-385	95	69	apply	apply	VERB
ftr-385	95	70	even	even	ADV
ftr-385	95	71	under	under	ADP
ftr-385	95	72	the	the	DET
ftr-385	95	73	existing	exist	VERB
ftr-385	95	74	regulations	regulation	NOUN
ftr-385	95	75	.	.	PUNCT
ftr-385	96	1	18	18	NUM
ftr-385	96	2	.	.	PUNCT
ftr-385	97	1	see	see	VERB
ftr-385	97	2	monte	monte	PROPN
ftr-385	97	3	a.	a.	PROPN
ftr-385	97	4	jackel	jackel	PROPN
ftr-385	97	5	&	&	CCONJ
ftr-385	97	6	avery	avery	PROPN
ftr-385	97	7	i.	i.	PROPN
ftr-385	97	8	stok	stok	PROPN
ftr-385	97	9	,	,	PUNCT
ftr-385	97	10	blissful	blissful	ADJ
ftr-385	97	11	ignorance	ignorance	NOUN
ftr-385	97	12	:	:	PUNCT
ftr-385	97	13	section	section	NOUN
ftr-385	97	14	751(b	751(b	PROPN
ftr-385	97	15	)	)	PUNCT
ftr-385	97	16	uncharted	uncharted	ADJ
ftr-385	97	17	territory	territory	NOUN
ftr-385	97	18	,	,	PUNCT
ftr-385	97	19	tax	tax	NOUN
ftr-385	97	20	notes	note	NOUN
ftr-385	97	21	1557	1557	NUM
ftr-385	97	22	,	,	PUNCT
ftr-385	97	23	1577	1577	NUM
ftr-385	97	24	(	(	PUNCT
ftr-385	97	25	mar	mar	PROPN
ftr-385	97	26	.	.	PROPN
ftr-385	97	27	10	10	NUM
ftr-385	97	28	,	,	PUNCT
ftr-385	97	29	2003	2003	NUM
ftr-385	97	30	)	)	PUNCT
ftr-385	97	31	;	;	PUNCT
ftr-385	98	1	karen	karen	PROPN
ftr-385	98	2	c.	c.	PROPN
ftr-385	98	3	burke	burke	PROPN
ftr-385	98	4	,	,	PUNCT
ftr-385	98	5	partnership	partnership	NOUN
ftr-385	98	6	distributions	distribution	NOUN
ftr-385	98	7	:	:	PUNCT
ftr-385	98	8	options	option	NOUN
ftr-385	98	9	for	for	ADP
ftr-385	98	10	reform	reform	NOUN
ftr-385	98	11	,	,	PUNCT
ftr-385	98	12	3	3	NUM
ftr-385	98	13	fla	fla	NOUN
ftr-385	98	14	.	.	PUNCT
ftr-385	99	1	tax	tax	PROPN
ftr-385	99	2	rev	rev	PROPN
ftr-385	99	3	.	.	PROPN
ftr-385	99	4	677	677	NUM
ftr-385	99	5	,	,	PUNCT
ftr-385	99	6	701	701	NUM
ftr-385	99	7	(	(	PUNCT
ftr-385	99	8	1998	1998	NUM
ftr-385	99	9	)	)	PUNCT
ftr-385	99	10	.	.	PUNCT
ftr-385	100	1	19	19	NUM
ftr-385	100	2	.	.	X
ftr-385	100	3	see	see	VERB
ftr-385	100	4	jackel	jackel	PROPN
ftr-385	100	5	&	&	CCONJ
ftr-385	100	6	stok	stok	PROPN
ftr-385	100	7	,	,	PUNCT
ftr-385	100	8	supra	supra	PROPN
ftr-385	100	9	note	note	PROPN
ftr-385	100	10	18	18	NUM
ftr-385	100	11	,	,	PUNCT
ftr-385	100	12	at	at	ADP
ftr-385	100	13	1581	1581	NUM
ftr-385	100	14	;	;	PUNCT
ftr-385	100	15	burke	burke	PROPN
ftr-385	100	16	,	,	PUNCT
ftr-385	100	17	supra	supra	PROPN
ftr-385	100	18	note	note	PROPN
ftr-385	100	19	18	18	NUM
ftr-385	100	20	,	,	PUNCT
ftr-385	100	21	at	at	ADP
ftr-385	100	22	703	703	NUM
ftr-385	100	23	-	-	SYM
ftr-385	100	24	04	04	NUM
ftr-385	100	25	.	.	PUNCT
ftr-385	100	26	20	20	NUM
ftr-385	100	27	.	.	PUNCT
ftr-385	101	1	see	see	VERB
ftr-385	101	2	notice	notice	NOUN
ftr-385	101	3	2006	2006	NUM
ftr-385	101	4	-	-	SYM
ftr-385	101	5	14	14	NUM
ftr-385	101	6	,	,	PUNCT
ftr-385	101	7	supra	supra	ADJ
ftr-385	101	8	note	note	NOUN
ftr-385	101	9	1	1	NUM
ftr-385	101	10	.	.	X
ftr-385	101	11	partnership	partnership	NOUN
ftr-385	101	12	from	from	ADP
ftr-385	101	13	one	one	NUM
ftr-385	101	14	third	third	NOUN
ftr-385	101	15	to	to	ADP
ftr-385	101	16	one	one	NUM
ftr-385	101	17	fifth	fifth	ADJ
ftr-385	101	18	.	.	PUNCT
ftr-385	102	1	immediately	immediately	ADV
ftr-385	102	2	before	before	ADP
ftr-385	102	3	the	the	DET
ftr-385	102	4	distribution	distribution	NOUN
ftr-385	102	5	,	,	PUNCT
ftr-385	102	6	the	the	DET
ftr-385	102	7	partnership	partnership	NOUN
ftr-385	102	8	’s	’s	PART
ftr-385	102	9	assets	asset	NOUN
ftr-385	102	10	are	be	AUX
ftr-385	102	11	restated	restate	VERB
ftr-385	102	12	to	to	PART
ftr-385	102	13	reflect	reflect	VERB
ftr-385	102	14	fair	fair	ADJ
ftr-385	102	15	market	market	NOUN
ftr-385	102	16	value	value	NOUN
ftr-385	102	17	and	and	CCONJ
ftr-385	102	18	the	the	DET
ftr-385	102	19	partners	partner	NOUN
ftr-385	102	20	’	'	PUNCT
ftr-385	102	21	capital	capital	NOUN
ftr-385	102	22	accounts	account	NOUN
ftr-385	102	23	are	be	AUX
ftr-385	102	24	increased	increase	VERB
ftr-385	102	25	to	to	PART
ftr-385	102	26	reflect	reflect	VERB
ftr-385	102	27	their	their	PRON
ftr-385	102	28	shares	share	NOUN
ftr-385	102	29	of	of	ADP
ftr-385	102	30	unrealized	unrealized	ADJ
ftr-385	102	31	appreciation	appreciation	NOUN
ftr-385	102	32	in	in	ADP
ftr-385	102	33	the	the	DET
ftr-385	102	34	partnership	partnership	NOUN
ftr-385	102	35	’s	’s	PART
ftr-385	102	36	assets	asset	NOUN
ftr-385	102	37	.	.	PUNCT
ftr-385	103	1	accordingly	accordingly	ADV
ftr-385	103	2	,	,	PUNCT
ftr-385	103	3	the	the	DET
ftr-385	103	4	abc	abc	PROPN
ftr-385	103	5	partnership	partnership	PROPN
ftr-385	103	6	has	have	VERB
ftr-385	103	7	the	the	DET
ftr-385	103	8	following	follow	VERB
ftr-385	103	9	post	post	ADJ
ftr-385	103	10	-	-	ADJ
ftr-385	103	11	distribution	distribution	ADJ
ftr-385	103	12	balance	balance	NOUN
ftr-385	103	13	sheet	sheet	NOUN
ftr-385	103	14	:	:	PUNCT
ftr-385	103	15	assets	asset	NOUN
ftr-385	103	16	basis	basis	NOUN
ftr-385	103	17	value	value	NOUN
ftr-385	103	18	capital	capital	NOUN
ftr-385	103	19	tax	tax	NOUN
ftr-385	103	20	book	book	NOUN
ftr-385	103	21	cash	cash	NOUN
ftr-385	103	22	$	$	SYM
ftr-385	103	23	60	60	NUM
ftr-385	103	24	$	$	SYM
ftr-385	103	25	60	60	NUM
ftr-385	103	26	a	a	DET
ftr-385	103	27	$	$	SYM
ftr-385	103	28	120	120	NUM
ftr-385	103	29	$	$	SYM
ftr-385	103	30	180	180	NUM
ftr-385	103	31	receivables	receivables	NOUN
ftr-385	103	32	0	0	NUM
ftr-385	104	1	90	90	NUM
ftr-385	104	2	b	b	SYM
ftr-385	104	3	120	120	NUM
ftr-385	104	4	180	180	NUM
ftr-385	104	5	land	land	NOUN
ftr-385	104	6	210	210	NUM
ftr-385	104	7	300	300	NUM
ftr-385	104	8	c	c	NOUN
ftr-385	104	9	30	30	NUM
ftr-385	104	10	90	90	NUM
ftr-385	104	11	total	total	NOUN
ftr-385	104	12	$	$	SYM
ftr-385	104	13	270	270	NUM
ftr-385	104	14	$	$	SYM
ftr-385	104	15	450	450	NUM
ftr-385	104	16	total	total	NOUN
ftr-385	104	17	$	$	SYM
ftr-385	104	18	270	270	NUM
ftr-385	104	19	$	$	SYM
ftr-385	104	20	450	450	NUM
ftr-385	104	21	since	since	SCONJ
ftr-385	104	22	the	the	DET
ftr-385	104	23	book	book	NOUN
ftr-385	104	24	-	-	PUNCT
ftr-385	104	25	up	up	NOUN
ftr-385	104	26	preserves	preserve	NOUN
ftr-385	104	27	each	each	DET
ftr-385	104	28	partner	partner	NOUN
ftr-385	104	29	’s	’s	PART
ftr-385	104	30	predistribution	predistribution	NOUN
ftr-385	104	31	share	share	NOUN
ftr-385	104	32	of	of	ADP
ftr-385	104	33	hot	hot	ADJ
ftr-385	104	34	asset	asset	NOUN
ftr-385	104	35	gain	gain	NOUN
ftr-385	104	36	and	and	CCONJ
ftr-385	104	37	value	value	NOUN
ftr-385	104	38	,	,	PUNCT
ftr-385	104	39	section	section	NOUN
ftr-385	104	40	751(b	751(b	PROPN
ftr-385	104	41	)	)	PUNCT
ftr-385	104	42	does	do	AUX
ftr-385	104	43	not	not	PART
ftr-385	104	44	apply	apply	VERB
ftr-385	104	45	.	.	PUNCT
ftr-385	105	1	special	special	ADJ
ftr-385	105	2	allocations	allocation	NOUN
ftr-385	105	3	(	(	PUNCT
ftr-385	105	4	so	so	ADV
ftr-385	105	5	-	-	PUNCT
ftr-385	105	6	called17	called17	NOUN
ftr-385	105	7	“	"	PUNCT
ftr-385	105	8	reverse	reverse	NOUN
ftr-385	105	9	”	"	PUNCT
ftr-385	105	10	section	section	NOUN
ftr-385	105	11	704(c	704(c	PROPN
ftr-385	105	12	)	)	PUNCT
ftr-385	105	13	allocations	allocation	NOUN
ftr-385	105	14	)	)	PUNCT
ftr-385	105	15	would	would	AUX
ftr-385	105	16	be	be	AUX
ftr-385	105	17	necessary	necessary	ADJ
ftr-385	105	18	,	,	PUNCT
ftr-385	105	19	however	however	ADV
ftr-385	105	20	,	,	PUNCT
ftr-385	105	21	to	to	PART
ftr-385	105	22	ensure	ensure	VERB
ftr-385	105	23	proper	proper	ADJ
ftr-385	105	24	allocation	allocation	NOUN
ftr-385	105	25	of	of	ADP
ftr-385	105	26	the	the	DET
ftr-385	105	27	tax	tax	NOUN
ftr-385	105	28	gain	gain	NOUN
ftr-385	105	29	corresponding	correspond	VERB
ftr-385	105	30	to	to	ADP
ftr-385	105	31	the	the	DET
ftr-385	105	32	booked	book	VERB
ftr-385	105	33	-	-	PUNCT
ftr-385	105	34	up	up	ADP
ftr-385	105	35	gain	gain	NOUN
ftr-385	105	36	.	.	PUNCT
ftr-385	106	1	when	when	SCONJ
ftr-385	106	2	the	the	DET
ftr-385	106	3	partnership	partnership	NOUN
ftr-385	106	4	holds	hold	VERB
ftr-385	106	5	zero	zero	NUM
ftr-385	106	6	-	-	PUNCT
ftr-385	106	7	basis	basis	NOUN
ftr-385	106	8	hot	hot	ADJ
ftr-385	106	9	assets	asset	NOUN
ftr-385	106	10	,	,	PUNCT
ftr-385	106	11	a	a	DET
ftr-385	106	12	revaluation	revaluation	NOUN
ftr-385	106	13	may	may	AUX
ftr-385	106	14	often	often	ADV
ftr-385	106	15	avoid	avoid	VERB
ftr-385	106	16	section	section	NOUN
ftr-385	106	17	751(b	751(b	PROPN
ftr-385	106	18	)	)	PUNCT
ftr-385	106	19	even	even	ADV
ftr-385	106	20	under	under	ADP
ftr-385	106	21	the	the	DET
ftr-385	106	22	existing	exist	VERB
ftr-385	106	23	regulations	regulation	NOUN
ftr-385	106	24	.	.	PUNCT
ftr-385	107	1	under	under	ADP
ftr-385	107	2	current18	current18	NOUN
ftr-385	107	3	law	law	NOUN
ftr-385	107	4	,	,	PUNCT
ftr-385	107	5	however	however	ADV
ftr-385	107	6	,	,	PUNCT
ftr-385	107	7	a	a	DET
ftr-385	107	8	revaluation	revaluation	NOUN
ftr-385	107	9	may	may	AUX
ftr-385	107	10	fail	fail	VERB
ftr-385	107	11	to	to	PART
ftr-385	107	12	prevent	prevent	VERB
ftr-385	107	13	a	a	DET
ftr-385	107	14	hot	hot	ADJ
ftr-385	107	15	asset	asset	NOUN
ftr-385	107	16	shift	shift	NOUN
ftr-385	107	17	when	when	SCONJ
ftr-385	107	18	the	the	DET
ftr-385	107	19	partnership	partnership	NOUN
ftr-385	107	20	holds	hold	VERB
ftr-385	107	21	non	non	ADJ
ftr-385	107	22	-	-	ADJ
ftr-385	107	23	zero	zero	NUM
ftr-385	107	24	basis	basis	NOUN
ftr-385	107	25	hot	hot	ADJ
ftr-385	107	26	assets	asset	NOUN
ftr-385	107	27	and	and	CCONJ
ftr-385	107	28	the	the	DET
ftr-385	107	29	distributee	distributee	NOUN
ftr-385	107	30	receives	receive	VERB
ftr-385	107	31	solely	solely	ADV
ftr-385	107	32	cold	cold	ADJ
ftr-385	107	33	assets	asset	NOUN
ftr-385	107	34	.	.	PUNCT
ftr-385	108	1	even	even	ADV
ftr-385	108	2	though	though	SCONJ
ftr-385	108	3	a	a	DET
ftr-385	108	4	revaluation	revaluation	NOUN
ftr-385	108	5	freezes	freeze	VERB
ftr-385	108	6	the	the	DET
ftr-385	108	7	distributee	distributee	NOUN
ftr-385	108	8	’s	’s	PART
ftr-385	108	9	share	share	NOUN
ftr-385	108	10	of	of	ADP
ftr-385	108	11	hot19	hot19	PROPN
ftr-385	108	12	asset	asset	NOUN
ftr-385	108	13	gain	gain	NOUN
ftr-385	108	14	,	,	PUNCT
ftr-385	108	15	the	the	DET
ftr-385	108	16	distributee	distributee	NOUN
ftr-385	108	17	’s	’s	PART
ftr-385	108	18	share	share	NOUN
ftr-385	108	19	of	of	ADP
ftr-385	108	20	the	the	DET
ftr-385	108	21	gross	gross	ADJ
ftr-385	108	22	value	value	NOUN
ftr-385	108	23	of	of	ADP
ftr-385	108	24	hot	hot	ADJ
ftr-385	108	25	assets	asset	NOUN
ftr-385	108	26	will	will	AUX
ftr-385	108	27	nevertheless	nevertheless	ADV
ftr-385	108	28	be	be	AUX
ftr-385	108	29	reduced	reduce	VERB
ftr-385	108	30	,	,	PUNCT
ftr-385	108	31	potentially	potentially	ADV
ftr-385	108	32	triggering	trigger	VERB
ftr-385	108	33	section	section	NOUN
ftr-385	108	34	751(b	751(b	PROPN
ftr-385	108	35	)	)	PUNCT
ftr-385	108	36	.	.	PUNCT
ftr-385	109	1	because	because	SCONJ
ftr-385	109	2	disproportionality	disproportionality	NOUN
ftr-385	109	3	is	be	AUX
ftr-385	109	4	measured	measure	VERB
ftr-385	109	5	in	in	ADP
ftr-385	109	6	terms	term	NOUN
ftr-385	109	7	of	of	ADP
ftr-385	109	8	shifts	shift	NOUN
ftr-385	109	9	in	in	ADP
ftr-385	109	10	the	the	DET
ftr-385	109	11	gross	gross	ADJ
ftr-385	109	12	value	value	NOUN
ftr-385	109	13	of	of	ADP
ftr-385	109	14	hot	hot	ADJ
ftr-385	109	15	assets	asset	NOUN
ftr-385	109	16	,	,	PUNCT
ftr-385	109	17	section	section	NOUN
ftr-385	109	18	751	751	NUM
ftr-385	109	19	may	may	AUX
ftr-385	109	20	not	not	PART
ftr-385	109	21	even	even	ADV
ftr-385	109	22	achieve	achieve	VERB
ftr-385	109	23	its	its	PRON
ftr-385	109	24	intended	intended	ADJ
ftr-385	109	25	purpose	purpose	NOUN
ftr-385	109	26	of	of	ADP
ftr-385	109	27	preventing	prevent	VERB
ftr-385	109	28	shifts	shift	NOUN
ftr-385	109	29	in	in	ADP
ftr-385	109	30	ordinary	ordinary	ADJ
ftr-385	109	31	income	income	NOUN
ftr-385	109	32	.	.	PUNCT
ftr-385	110	1	notice	notice	VERB
ftr-385	110	2	2006	2006	NUM
ftr-385	110	3	-	-	SYM
ftr-385	110	4	14	14	NUM
ftr-385	110	5	would	would	AUX
ftr-385	110	6	eliminate	eliminate	VERB
ftr-385	110	7	this	this	DET
ftr-385	110	8	underlying	underlying	ADJ
ftr-385	110	9	flaw	flaw	NOUN
ftr-385	110	10	in	in	ADP
ftr-385	110	11	the20	the20	PROPN
ftr-385	110	12	334	334	NUM
ftr-385	110	13	florida	florida	PROPN
ftr-385	110	14	tax	tax	NOUN
ftr-385	110	15	review	review	NOUN
ftr-385	111	1	[	[	X
ftr-385	111	2	vol.8:3	vol.8:3	NOUN
ftr-385	111	3	21	21	NUM
ftr-385	111	4	.	.	PUNCT
ftr-385	112	1	the	the	DET
ftr-385	112	2	§	§	PROPN
ftr-385	112	3	751(b	751(b	PROPN
ftr-385	112	4	)	)	PUNCT
ftr-385	112	5	regulations	regulation	NOUN
ftr-385	112	6	already	already	ADV
ftr-385	112	7	require	require	VERB
ftr-385	112	8	similar	similar	ADJ
ftr-385	112	9	treatment	treatment	NOUN
ftr-385	112	10	for	for	ADP
ftr-385	112	11	depreciable	depreciable	ADJ
ftr-385	112	12	property	property	NOUN
ftr-385	112	13	subject	subject	NOUN
ftr-385	112	14	to	to	ADP
ftr-385	112	15	recapture	recapture	NOUN
ftr-385	112	16	.	.	PUNCT
ftr-385	113	1	see	see	VERB
ftr-385	113	2	reg	reg	NOUN
ftr-385	113	3	.	.	PUNCT
ftr-385	114	1	§	§	PROPN
ftr-385	114	2	1.751	1.751	NUM
ftr-385	114	3	-	-	SYM
ftr-385	114	4	1(c)(5	1(c)(5	NUM
ftr-385	114	5	)	)	PUNCT
ftr-385	114	6	.	.	PUNCT
ftr-385	115	1	22	22	NUM
ftr-385	115	2	.	.	PUNCT
ftr-385	116	1	thus	thus	ADV
ftr-385	116	2	,	,	PUNCT
ftr-385	116	3	the	the	DET
ftr-385	116	4	hot	hot	ADJ
ftr-385	116	5	asset	asset	NOUN
ftr-385	116	6	sale	sale	NOUN
ftr-385	116	7	approach	approach	NOUN
ftr-385	116	8	would	would	AUX
ftr-385	116	9	avoid	avoid	VERB
ftr-385	116	10	the	the	DET
ftr-385	116	11	need	need	NOUN
ftr-385	116	12	to	to	PART
ftr-385	116	13	determine	determine	VERB
ftr-385	116	14	a	a	DET
ftr-385	116	15	partner	partner	NOUN
ftr-385	116	16	’s	’s	PART
ftr-385	116	17	share	share	NOUN
ftr-385	116	18	of	of	ADP
ftr-385	116	19	the	the	DET
ftr-385	116	20	gross	gross	ADJ
ftr-385	116	21	value	value	NOUN
ftr-385	116	22	of	of	ADP
ftr-385	116	23	partnership	partnership	NOUN
ftr-385	116	24	assets	asset	NOUN
ftr-385	116	25	.	.	PUNCT
ftr-385	117	1	similarly	similarly	ADV
ftr-385	117	2	,	,	PUNCT
ftr-385	117	3	a	a	DET
ftr-385	117	4	partner	partner	NOUN
ftr-385	117	5	’s	’s	PART
ftr-385	117	6	share	share	NOUN
ftr-385	117	7	of	of	ADP
ftr-385	117	8	partnership	partnership	NOUN
ftr-385	117	9	liabilities	liability	NOUN
ftr-385	117	10	would	would	AUX
ftr-385	117	11	generally	generally	ADV
ftr-385	117	12	be	be	AUX
ftr-385	117	13	irrelevant	irrelevant	ADJ
ftr-385	117	14	,	,	PUNCT
ftr-385	117	15	except	except	SCONJ
ftr-385	117	16	to	to	ADP
ftr-385	117	17	the	the	DET
ftr-385	117	18	extent	extent	NOUN
ftr-385	117	19	that	that	SCONJ
ftr-385	117	20	a	a	DET
ftr-385	117	21	shift	shift	NOUN
ftr-385	117	22	in	in	ADP
ftr-385	117	23	liabilities	liability	NOUN
ftr-385	117	24	may	may	AUX
ftr-385	117	25	affect	affect	VERB
ftr-385	117	26	a	a	DET
ftr-385	117	27	partner	partner	NOUN
ftr-385	117	28	’s	’s	PART
ftr-385	117	29	share	share	NOUN
ftr-385	117	30	of	of	ADP
ftr-385	117	31	hot	hot	ADJ
ftr-385	117	32	asset	asset	NOUN
ftr-385	117	33	gain	gain	NOUN
ftr-385	117	34	.	.	PUNCT
ftr-385	118	1	23	23	NUM
ftr-385	118	2	.	.	PUNCT
ftr-385	119	1	s.	s.	PROPN
ftr-385	119	2	rep	rep	PROPN
ftr-385	119	3	.	.	PROPN
ftr-385	120	1	no	no	PROPN
ftr-385	120	2	.	.	NOUN
ftr-385	120	3	1622	1622	NUM
ftr-385	120	4	,	,	PUNCT
ftr-385	120	5	83d	83d	NUM
ftr-385	120	6	cong	cong	NOUN
ftr-385	120	7	.	.	PROPN
ftr-385	120	8	,	,	PUNCT
ftr-385	120	9	2d	2d	PROPN
ftr-385	120	10	sess	sess	NOUN
ftr-385	120	11	.	.	PUNCT
ftr-385	121	1	99	99	NUM
ftr-385	121	2	(	(	PUNCT
ftr-385	121	3	1954	1954	NUM
ftr-385	121	4	)	)	PUNCT
ftr-385	121	5	.	.	PUNCT
ftr-385	122	1	24	24	NUM
ftr-385	122	2	.	.	PUNCT
ftr-385	123	1	see	see	PROPN
ftr-385	123	2	andrews	andrews	PROPN
ftr-385	123	3	,	,	PUNCT
ftr-385	123	4	supra	supra	PROPN
ftr-385	123	5	note	note	PROPN
ftr-385	123	6	5	5	NUM
ftr-385	123	7	,	,	PUNCT
ftr-385	123	8	at	at	ADP
ftr-385	123	9	45	45	NUM
ftr-385	123	10	.	.	PUNCT
ftr-385	123	11	25	25	NUM
ftr-385	123	12	.	.	PUNCT
ftr-385	124	1	notice	notice	VERB
ftr-385	124	2	2006	2006	NUM
ftr-385	124	3	-	-	SYM
ftr-385	124	4	14	14	NUM
ftr-385	124	5	,	,	PUNCT
ftr-385	124	6	supra	supra	NOUN
ftr-385	124	7	note	note	NOUN
ftr-385	124	8	1	1	NUM
ftr-385	124	9	,	,	PUNCT
ftr-385	124	10	would	would	AUX
ftr-385	124	11	apparently	apparently	ADV
ftr-385	124	12	treat	treat	VERB
ftr-385	124	13	the	the	DET
ftr-385	124	14	selling	selling	NOUN
ftr-385	124	15	partner	partner	NOUN
ftr-385	124	16	as	as	ADP
ftr-385	124	17	receiving	receive	VERB
ftr-385	124	18	cash	cash	NOUN
ftr-385	124	19	directly	directly	ADV
ftr-385	124	20	from	from	ADP
ftr-385	124	21	the	the	DET
ftr-385	124	22	partnership	partnership	NOUN
ftr-385	124	23	(	(	PUNCT
ftr-385	124	24	rather	rather	ADV
ftr-385	124	25	than	than	ADP
ftr-385	124	26	from	from	ADP
ftr-385	124	27	the	the	DET
ftr-385	124	28	purchasing	purchase	VERB
ftr-385	124	29	partners	partner	NOUN
ftr-385	124	30	)	)	PUNCT
ftr-385	124	31	.	.	PUNCT
ftr-385	125	1	by	by	ADP
ftr-385	125	2	contrast	contrast	NOUN
ftr-385	125	3	,	,	PUNCT
ftr-385	125	4	the	the	DET
ftr-385	125	5	method	method	NOUN
ftr-385	125	6	of	of	ADP
ftr-385	125	7	computing	compute	VERB
ftr-385	125	8	gain	gain	NOUN
ftr-385	125	9	under	under	ADP
ftr-385	125	10	§	§	PROPN
ftr-385	125	11	751(b	751(b	PROPN
ftr-385	125	12	)	)	PUNCT
ftr-385	125	13	reflects	reflect	VERB
ftr-385	125	14	a	a	DET
ftr-385	125	15	strict	strict	ADJ
ftr-385	125	16	aggregate	aggregate	ADJ
ftr-385	125	17	approach	approach	NOUN
ftr-385	125	18	.	.	PUNCT
ftr-385	126	1	see	see	VERB
ftr-385	126	2	s.	s.	PROPN
ftr-385	126	3	rep	rep	PROPN
ftr-385	126	4	.	.	PROPN
ftr-385	126	5	no	no	PROPN
ftr-385	126	6	.	.	NOUN
ftr-385	126	7	1622	1622	NUM
ftr-385	126	8	,	,	PUNCT
ftr-385	126	9	83d	83d	NUM
ftr-385	126	10	cong	cong	NOUN
ftr-385	126	11	.	.	PROPN
ftr-385	126	12	,	,	PUNCT
ftr-385	126	13	2d	2d	PROPN
ftr-385	126	14	sess	sess	NOUN
ftr-385	126	15	.	.	PUNCT
ftr-385	127	1	98	98	NUM
ftr-385	127	2	-	-	SYM
ftr-385	127	3	99	99	NUM
ftr-385	127	4	(	(	PUNCT
ftr-385	127	5	1954	1954	NUM
ftr-385	127	6	)	)	PUNCT
ftr-385	127	7	.	.	PUNCT
ftr-385	128	1	measurement	measurement	NOUN
ftr-385	128	2	of	of	ADP
ftr-385	128	3	hot	hot	ADJ
ftr-385	128	4	asset	asset	NOUN
ftr-385	128	5	shifts	shift	NOUN
ftr-385	128	6	by	by	ADP
ftr-385	128	7	focusing	focus	VERB
ftr-385	128	8	on	on	ADP
ftr-385	128	9	shifts	shift	NOUN
ftr-385	128	10	in	in	ADP
ftr-385	128	11	hot	hot	ADJ
ftr-385	128	12	asset	asset	NOUN
ftr-385	128	13	gain	gain	NOUN
ftr-385	128	14	(	(	PUNCT
ftr-385	128	15	rather	rather	ADV
ftr-385	128	16	than	than	ADP
ftr-385	128	17	gross	gross	ADJ
ftr-385	128	18	value	value	NOUN
ftr-385	128	19	)	)	PUNCT
ftr-385	128	20	.	.	PUNCT
ftr-385	129	1	in	in	ADP
ftr-385	129	2	effect	effect	NOUN
ftr-385	129	3	,	,	PUNCT
ftr-385	129	4	the	the	DET
ftr-385	129	5	hot	hot	ADJ
ftr-385	129	6	asset	asset	NOUN
ftr-385	129	7	sale	sale	NOUN
ftr-385	129	8	approach	approach	NOUN
ftr-385	129	9	treats	treat	VERB
ftr-385	129	10	a	a	DET
ftr-385	129	11	partnership	partnership	NOUN
ftr-385	129	12	’s	’s	PART
ftr-385	129	13	section	section	NOUN
ftr-385	129	14	751	751	NUM
ftr-385	129	15	property	property	NOUN
ftr-385	129	16	as	as	ADP
ftr-385	129	17	consisting	consist	VERB
ftr-385	129	18	of	of	ADP
ftr-385	129	19	(	(	PUNCT
ftr-385	129	20	1	1	X
ftr-385	129	21	)	)	PUNCT
ftr-385	129	22	a	a	DET
ftr-385	129	23	zero	zero	NUM
ftr-385	129	24	-	-	PUNCT
ftr-385	129	25	basis	basis	NOUN
ftr-385	129	26	hot	hot	ADJ
ftr-385	129	27	asset	asset	NOUN
ftr-385	129	28	with	with	ADP
ftr-385	129	29	a	a	DET
ftr-385	129	30	fair	fair	ADJ
ftr-385	129	31	market	market	NOUN
ftr-385	129	32	value	value	NOUN
ftr-385	129	33	equal	equal	ADJ
ftr-385	129	34	to	to	ADP
ftr-385	129	35	the	the	DET
ftr-385	129	36	amount	amount	NOUN
ftr-385	129	37	of	of	ADP
ftr-385	129	38	potential	potential	ADJ
ftr-385	129	39	hot	hot	ADJ
ftr-385	129	40	asset	asset	NOUN
ftr-385	129	41	gain	gain	NOUN
ftr-385	129	42	and	and	CCONJ
ftr-385	129	43	(	(	PUNCT
ftr-385	129	44	2	2	X
ftr-385	129	45	)	)	PUNCT
ftr-385	129	46	a	a	DET
ftr-385	129	47	non	non	ADJ
ftr-385	129	48	-	-	NOUN
ftr-385	129	49	section	section	ADJ
ftr-385	129	50	751	751	NUM
ftr-385	129	51	asset	asset	NOUN
ftr-385	129	52	consisting	consist	VERB
ftr-385	129	53	of	of	ADP
ftr-385	129	54	the	the	DET
ftr-385	129	55	rest	rest	NOUN
ftr-385	129	56	of	of	ADP
ftr-385	129	57	the	the	DET
ftr-385	129	58	property	property	NOUN
ftr-385	129	59	.	.	PUNCT
ftr-385	130	1	for	for	ADP
ftr-385	130	2	example	example	NOUN
ftr-385	130	3	,	,	PUNCT
ftr-385	130	4	assume	assume	VERB
ftr-385	130	5	that	that	SCONJ
ftr-385	130	6	a	a	DET
ftr-385	130	7	partnership’s21	partnership’s21	NOUN
ftr-385	130	8	section	section	NOUN
ftr-385	130	9	751	751	NUM
ftr-385	130	10	property	property	NOUN
ftr-385	130	11	consists	consist	NOUN
ftr-385	130	12	of	of	ADP
ftr-385	130	13	inventory	inventory	NOUN
ftr-385	130	14	with	with	ADP
ftr-385	130	15	a	a	DET
ftr-385	130	16	basis	basis	NOUN
ftr-385	130	17	of	of	ADP
ftr-385	130	18	$	$	SYM
ftr-385	130	19	10	10	NUM
ftr-385	130	20	and	and	CCONJ
ftr-385	130	21	a	a	DET
ftr-385	130	22	fair	fair	ADJ
ftr-385	130	23	market	market	NOUN
ftr-385	130	24	value	value	NOUN
ftr-385	130	25	of	of	ADP
ftr-385	130	26	$	$	SYM
ftr-385	130	27	15	15	NUM
ftr-385	130	28	.	.	PUNCT
ftr-385	131	1	the	the	DET
ftr-385	131	2	section	section	NOUN
ftr-385	131	3	751	751	NUM
ftr-385	131	4	property	property	NOUN
ftr-385	131	5	would	would	AUX
ftr-385	131	6	be	be	AUX
ftr-385	131	7	bifurcated	bifurcate	VERB
ftr-385	131	8	into	into	ADP
ftr-385	131	9	two	two	NUM
ftr-385	131	10	assets	asset	NOUN
ftr-385	131	11	:	:	PUNCT
ftr-385	131	12	a	a	DET
ftr-385	131	13	hot	hot	ADJ
ftr-385	131	14	asset	asset	NOUN
ftr-385	131	15	(	(	PUNCT
ftr-385	131	16	zero	zero	NUM
ftr-385	131	17	basis	basis	NOUN
ftr-385	131	18	,	,	PUNCT
ftr-385	131	19	$	$	SYM
ftr-385	131	20	5	5	NUM
ftr-385	131	21	value	value	NOUN
ftr-385	131	22	)	)	PUNCT
ftr-385	131	23	and	and	CCONJ
ftr-385	131	24	a	a	DET
ftr-385	131	25	cold	cold	ADJ
ftr-385	131	26	asset	asset	NOUN
ftr-385	131	27	(	(	PUNCT
ftr-385	131	28	$	$	SYM
ftr-385	131	29	10	10	NUM
ftr-385	131	30	basis	basis	NOUN
ftr-385	131	31	,	,	PUNCT
ftr-385	131	32	$	$	SYM
ftr-385	131	33	10	10	NUM
ftr-385	131	34	value	value	NOUN
ftr-385	131	35	)	)	PUNCT
ftr-385	131	36	.	.	PUNCT
ftr-385	132	1	if	if	SCONJ
ftr-385	132	2	hot	hot	ADJ
ftr-385	132	3	asset	asset	NOUN
ftr-385	132	4	gain	gain	NOUN
ftr-385	132	5	is	be	AUX
ftr-385	132	6	treated	treat	VERB
ftr-385	132	7	as	as	ADP
ftr-385	132	8	separable	separable	NOUN
ftr-385	132	9	from	from	ADP
ftr-385	132	10	the	the	DET
ftr-385	132	11	basis	basis	NOUN
ftr-385	132	12	portion	portion	NOUN
ftr-385	132	13	of	of	ADP
ftr-385	132	14	hot	hot	ADJ
ftr-385	132	15	assets	asset	NOUN
ftr-385	132	16	,	,	PUNCT
ftr-385	132	17	a	a	DET
ftr-385	132	18	revaluation	revaluation	NOUN
ftr-385	132	19	would	would	AUX
ftr-385	132	20	often	often	ADV
ftr-385	132	21	avoid	avoid	VERB
ftr-385	132	22	section	section	NOUN
ftr-385	132	23	751(b	751(b	PROPN
ftr-385	132	24	)	)	PUNCT
ftr-385	132	25	even	even	ADV
ftr-385	132	26	though	though	SCONJ
ftr-385	132	27	a	a	DET
ftr-385	132	28	distribution	distribution	NOUN
ftr-385	132	29	reduces	reduce	VERB
ftr-385	132	30	the	the	DET
ftr-385	132	31	distributee	distributee	NOUN
ftr-385	132	32	’s	’s	PART
ftr-385	132	33	share	share	NOUN
ftr-385	132	34	of	of	ADP
ftr-385	132	35	the	the	DET
ftr-385	132	36	basis	basis	NOUN
ftr-385	132	37	(	(	PUNCT
ftr-385	132	38	and	and	CCONJ
ftr-385	132	39	hence	hence	ADV
ftr-385	132	40	gross	gross	ADJ
ftr-385	132	41	value	value	NOUN
ftr-385	132	42	)	)	PUNCT
ftr-385	132	43	of	of	ADP
ftr-385	132	44	retained	retain	VERB
ftr-385	132	45	hot	hot	ADJ
ftr-385	132	46	assets	asset	NOUN
ftr-385	132	47	.	.	PUNCT
ftr-385	133	1	treating	treat	VERB
ftr-385	133	2	hot	hot	ADJ
ftr-385	133	3	asset	asset	NOUN
ftr-385	133	4	gain	gain	NOUN
ftr-385	133	5	as	as	ADP
ftr-385	133	6	separable	separable	ADJ
ftr-385	133	7	from	from	ADP
ftr-385	133	8	the	the	DET
ftr-385	133	9	underlying	underlie	VERB
ftr-385	133	10	hot	hot	ADJ
ftr-385	133	11	assets	asset	NOUN
ftr-385	133	12	is22	is22	PROPN
ftr-385	133	13	consistent	consistent	ADJ
ftr-385	133	14	with	with	ADP
ftr-385	133	15	the	the	DET
ftr-385	133	16	legislative	legislative	ADJ
ftr-385	133	17	history	history	NOUN
ftr-385	133	18	of	of	ADP
ftr-385	133	19	section	section	NOUN
ftr-385	133	20	751(b	751(b	PROPN
ftr-385	133	21	)	)	PUNCT
ftr-385	133	22	,	,	PUNCT
ftr-385	133	23	which	which	PRON
ftr-385	133	24	emphasizes	emphasize	VERB
ftr-385	133	25	the	the	DET
ftr-385	133	26	“	"	PUNCT
ftr-385	133	27	income	income	NOUN
ftr-385	133	28	rights	right	NOUN
ftr-385	133	29	”	"	PUNCT
ftr-385	133	30	of	of	ADP
ftr-385	133	31	the	the	DET
ftr-385	133	32	partners	partner	NOUN
ftr-385	133	33	and	and	CCONJ
ftr-385	133	34	suggests	suggest	VERB
ftr-385	133	35	that	that	SCONJ
ftr-385	133	36	such	such	ADJ
ftr-385	133	37	income	income	NOUN
ftr-385	133	38	rights	right	NOUN
ftr-385	133	39	may	may	AUX
ftr-385	133	40	be	be	AUX
ftr-385	133	41	treated	treat	VERB
ftr-385	133	42	as	as	ADP
ftr-385	133	43	severable	severable	ADJ
ftr-385	133	44	for	for	ADP
ftr-385	133	45	purposes	purpose	NOUN
ftr-385	133	46	of	of	ADP
ftr-385	133	47	taxing	tax	VERB
ftr-385	133	48	partners	partner	NOUN
ftr-385	133	49	in	in	ADP
ftr-385	133	50	a	a	DET
ftr-385	133	51	similar	similar	ADJ
ftr-385	133	52	manner	manner	NOUN
ftr-385	133	53	as	as	ADP
ftr-385	133	54	individual	individual	ADJ
ftr-385	133	55	entrepreneurs	entrepreneur	NOUN
ftr-385	133	56	.	.	PUNCT
ftr-385	134	1	23	23	NUM
ftr-385	135	1	under	under	ADP
ftr-385	135	2	the	the	DET
ftr-385	135	3	existing	exist	VERB
ftr-385	135	4	regulations	regulation	NOUN
ftr-385	135	5	,	,	PUNCT
ftr-385	135	6	one	one	NUM
ftr-385	135	7	of	of	ADP
ftr-385	135	8	the	the	DET
ftr-385	135	9	chief	chief	ADJ
ftr-385	135	10	sources	source	NOUN
ftr-385	135	11	of	of	ADP
ftr-385	135	12	complexity	complexity	NOUN
ftr-385	135	13	is	be	AUX
ftr-385	135	14	the	the	DET
ftr-385	135	15	need	need	NOUN
ftr-385	135	16	to	to	PART
ftr-385	135	17	identify	identify	VERB
ftr-385	135	18	specific	specific	ADJ
ftr-385	135	19	cold	cold	ADJ
ftr-385	135	20	assets	asset	NOUN
ftr-385	135	21	deemed	deem	VERB
ftr-385	135	22	exchanged	exchange	VERB
ftr-385	135	23	for	for	ADP
ftr-385	135	24	an	an	DET
ftr-385	135	25	increased	increase	VERB
ftr-385	135	26	share	share	NOUN
ftr-385	135	27	of	of	ADP
ftr-385	135	28	hot	hot	ADJ
ftr-385	135	29	assets	asset	NOUN
ftr-385	135	30	.	.	PUNCT
ftr-385	136	1	the	the	DET
ftr-385	136	2	hot	hot	ADJ
ftr-385	136	3	asset	asset	NOUN
ftr-385	136	4	sale	sale	NOUN
ftr-385	136	5	approach	approach	NOUN
ftr-385	136	6	eliminates	eliminate	VERB
ftr-385	136	7	this	this	DET
ftr-385	136	8	problem	problem	NOUN
ftr-385	136	9	,	,	PUNCT
ftr-385	136	10	since24	since24	VERB
ftr-385	136	11	the	the	DET
ftr-385	136	12	selling	sell	VERB
ftr-385	136	13	partners	partner	NOUN
ftr-385	136	14	would	would	AUX
ftr-385	136	15	be	be	AUX
ftr-385	136	16	treated	treat	VERB
ftr-385	136	17	as	as	ADP
ftr-385	136	18	selling	sell	VERB
ftr-385	136	19	hot	hot	ADJ
ftr-385	136	20	assets	asset	NOUN
ftr-385	136	21	for	for	ADP
ftr-385	136	22	cash	cash	NOUN
ftr-385	136	23	.	.	PUNCT
ftr-385	137	1	for	for	ADP
ftr-385	137	2	example	example	NOUN
ftr-385	137	3	,	,	PUNCT
ftr-385	137	4	assume	assume	VERB
ftr-385	137	5	that	that	SCONJ
ftr-385	137	6	a	a	DET
ftr-385	137	7	withdrawing	withdraw	VERB
ftr-385	137	8	partner	partner	NOUN
ftr-385	137	9	receives	receive	VERB
ftr-385	137	10	a	a	DET
ftr-385	137	11	liquidating	liquidate	VERB
ftr-385	137	12	distribution	distribution	NOUN
ftr-385	137	13	consisting	consist	VERB
ftr-385	137	14	entirely	entirely	ADV
ftr-385	137	15	of	of	ADP
ftr-385	137	16	cold	cold	ADJ
ftr-385	137	17	assets	asset	NOUN
ftr-385	137	18	,	,	PUNCT
ftr-385	137	19	thereby	thereby	ADV
ftr-385	137	20	relinquishing	relinquish	VERB
ftr-385	137	21	a	a	DET
ftr-385	137	22	share	share	NOUN
ftr-385	137	23	of	of	ADP
ftr-385	137	24	hot	hot	ADJ
ftr-385	137	25	assets	asset	NOUN
ftr-385	137	26	.	.	PUNCT
ftr-385	138	1	the	the	DET
ftr-385	138	2	withdrawing	withdraw	VERB
ftr-385	138	3	partner	partner	NOUN
ftr-385	138	4	would	would	AUX
ftr-385	138	5	be	be	AUX
ftr-385	138	6	treated	treat	VERB
ftr-385	138	7	as	as	ADP
ftr-385	138	8	selling	sell	VERB
ftr-385	138	9	the	the	DET
ftr-385	138	10	relinquished	relinquished	ADJ
ftr-385	138	11	hot	hot	ADJ
ftr-385	138	12	assets	asset	NOUN
ftr-385	138	13	to	to	ADP
ftr-385	138	14	the	the	DET
ftr-385	138	15	partnership	partnership	NOUN
ftr-385	138	16	for	for	ADP
ftr-385	138	17	cash	cash	NOUN
ftr-385	138	18	and	and	CCONJ
ftr-385	138	19	then	then	ADV
ftr-385	138	20	recontributing	recontribute	VERB
ftr-385	138	21	the	the	DET
ftr-385	138	22	cash	cash	NOUN
ftr-385	138	23	to	to	ADP
ftr-385	138	24	the	the	DET
ftr-385	138	25	partnership.25	partnership.25	NOUN
ftr-385	138	26	the	the	DET
ftr-385	138	27	deemed	deem	VERB
ftr-385	138	28	hot	hot	ADJ
ftr-385	138	29	asset	asset	NOUN
ftr-385	138	30	sale	sale	NOUN
ftr-385	138	31	would	would	AUX
ftr-385	138	32	trigger	trigger	VERB
ftr-385	138	33	ordinary	ordinary	ADJ
ftr-385	138	34	income	income	NOUN
ftr-385	138	35	to	to	ADP
ftr-385	138	36	the	the	DET
ftr-385	138	37	selling	selling	NOUN
ftr-385	138	38	partner	partner	NOUN
ftr-385	138	39	and	and	CCONJ
ftr-385	138	40	appropriate	appropriate	ADJ
ftr-385	138	41	adjustments	adjustment	NOUN
ftr-385	138	42	to	to	ADP
ftr-385	138	43	inside	inside	ADJ
ftr-385	138	44	basis	basis	NOUN
ftr-385	138	45	and	and	CCONJ
ftr-385	138	46	outside	outside	ADJ
ftr-385	138	47	basis	basis	NOUN
ftr-385	138	48	.	.	PUNCT
ftr-385	139	1	the	the	DET
ftr-385	139	2	hot	hot	ADJ
ftr-385	139	3	asset	asset	NOUN
ftr-385	139	4	sale	sale	NOUN
ftr-385	139	5	approach	approach	NOUN
ftr-385	139	6	should	should	AUX
ftr-385	139	7	be	be	AUX
ftr-385	139	8	simplified	simplify	VERB
ftr-385	139	9	by	by	ADP
ftr-385	139	10	eliminating	eliminate	VERB
ftr-385	139	11	the	the	DET
ftr-385	139	12	fiction	fiction	NOUN
ftr-385	139	13	of	of	ADP
ftr-385	139	14	a	a	DET
ftr-385	139	15	deemed	deem	VERB
ftr-385	139	16	distribution	distribution	NOUN
ftr-385	139	17	of	of	ADP
ftr-385	139	18	relinquished	relinquished	ADJ
ftr-385	139	19	hot	hot	ADJ
ftr-385	139	20	assets	asset	NOUN
ftr-385	139	21	to	to	ADP
ftr-385	139	22	the	the	DET
ftr-385	139	23	selling	selling	NOUN
ftr-385	139	24	partner	partner	NOUN
ftr-385	139	25	and	and	CCONJ
ftr-385	139	26	imputed	impute	VERB
ftr-385	139	27	cash	cash	NOUN
ftr-385	139	28	consideration	consideration	NOUN
ftr-385	139	29	on	on	ADP
ftr-385	139	30	the	the	DET
ftr-385	139	31	sale	sale	NOUN
ftr-385	139	32	.	.	PUNCT
ftr-385	140	1	this	this	DET
ftr-385	140	2	fiction	fiction	NOUN
ftr-385	140	3	is	be	AUX
ftr-385	140	4	quite	quite	ADV
ftr-385	140	5	unnecessary	unnecessary	ADJ
ftr-385	140	6	2007	2007	NUM
ftr-385	140	7	]	]	PUNCT
ftr-385	140	8	taxing	tax	VERB
ftr-385	140	9	hot	hot	ADJ
ftr-385	140	10	asset	asset	NOUN
ftr-385	140	11	shifts	shift	NOUN
ftr-385	140	12	335	335	NUM
ftr-385	140	13	26	26	NUM
ftr-385	140	14	.	.	PUNCT
ftr-385	141	1	see	see	VERB
ftr-385	141	2	andrews	andrews	PROPN
ftr-385	141	3	comments	comments	PROPN
ftr-385	141	4	,	,	PUNCT
ftr-385	141	5	supra	supra	PROPN
ftr-385	141	6	note	note	NOUN
ftr-385	141	7	2	2	NUM
ftr-385	141	8	.	.	NUM
ftr-385	141	9	27	27	NUM
ftr-385	141	10	.	.	PUNCT
ftr-385	142	1	see	see	VERB
ftr-385	142	2	nysba	nysba	PROPN
ftr-385	142	3	report	report	NOUN
ftr-385	142	4	,	,	PUNCT
ftr-385	142	5	supra	supra	PROPN
ftr-385	142	6	note	note	NOUN
ftr-385	142	7	2	2	NUM
ftr-385	142	8	,	,	PUNCT
ftr-385	142	9	at	at	ADP
ftr-385	142	10	49	49	NUM
ftr-385	142	11	(	(	PUNCT
ftr-385	142	12	recommending	recommend	VERB
ftr-385	142	13	similar	similar	ADJ
ftr-385	142	14	“	"	PUNCT
ftr-385	142	15	deemed	deem	VERB
ftr-385	142	16	gain	gain	NOUN
ftr-385	142	17	”	"	PUNCT
ftr-385	142	18	approach	approach	NOUN
ftr-385	142	19	)	)	PUNCT
ftr-385	142	20	;	;	PUNCT
ftr-385	142	21	daryll	daryll	PROPN
ftr-385	142	22	k.	k.	PROPN
ftr-385	142	23	jones	jones	PROPN
ftr-385	142	24	,	,	PUNCT
ftr-385	142	25	simplifying	simplifying	NOUN
ftr-385	142	26	section	section	NOUN
ftr-385	142	27	751(b	751(b	PROPN
ftr-385	142	28	):	):	PUNCT
ftr-385	142	29	you	you	PRON
ftr-385	142	30	ca	can	AUX
ftr-385	142	31	n’t	not	PART
ftr-385	142	32	get	get	VERB
ftr-385	142	33	there	there	ADV
ftr-385	142	34	from	from	ADP
ftr-385	142	35	here	here	ADV
ftr-385	142	36	,	,	PUNCT
ftr-385	142	37	111	111	NUM
ftr-385	142	38	tax	tax	NOUN
ftr-385	142	39	notes	note	NOUN
ftr-385	142	40	99	99	NUM
ftr-385	142	41	,	,	PUNCT
ftr-385	142	42	104	104	NUM
ftr-385	142	43	(	(	PUNCT
ftr-385	142	44	apr	apr	NOUN
ftr-385	142	45	.	.	PROPN
ftr-385	142	46	3	3	NUM
ftr-385	142	47	,	,	PUNCT
ftr-385	142	48	2006	2006	NUM
ftr-385	142	49	)	)	PUNCT
ftr-385	142	50	.	.	PUNCT
ftr-385	143	1	28	28	NUM
ftr-385	143	2	.	.	PUNCT
ftr-385	144	1	see	see	PROPN
ftr-385	144	2	andrews	andrews	PROPN
ftr-385	144	3	,	,	PUNCT
ftr-385	144	4	supra	supra	PROPN
ftr-385	144	5	note	note	PROPN
ftr-385	144	6	5	5	NUM
ftr-385	144	7	,	,	PUNCT
ftr-385	144	8	at	at	ADP
ftr-385	144	9	46	46	NUM
ftr-385	144	10	.	.	PUNCT
ftr-385	144	11	29	29	NUM
ftr-385	144	12	.	.	PUNCT
ftr-385	145	1	the	the	DET
ftr-385	145	2	hypothetical	hypothetical	ADJ
ftr-385	145	3	sale	sale	NOUN
ftr-385	145	4	should	should	AUX
ftr-385	145	5	take	take	VERB
ftr-385	145	6	into	into	ADP
ftr-385	145	7	account	account	NOUN
ftr-385	145	8	any	any	DET
ftr-385	145	9	special	special	ADJ
ftr-385	145	10	§	§	PROPN
ftr-385	145	11	704(c	704(c	PROPN
ftr-385	145	12	)	)	PUNCT
ftr-385	145	13	allocations	allocation	NOUN
ftr-385	145	14	and	and	CCONJ
ftr-385	145	15	basis	basis	NOUN
ftr-385	145	16	adjustments	adjustment	NOUN
ftr-385	145	17	under	under	ADP
ftr-385	145	18	§	§	PROPN
ftr-385	145	19	§	§	ADJ
ftr-385	145	20	734(b	734(b	PROPN
ftr-385	145	21	)	)	PUNCT
ftr-385	145	22	and	and	CCONJ
ftr-385	145	23	743(b	743(b	NUM
ftr-385	145	24	)	)	PUNCT
ftr-385	145	25	.	.	PUNCT
ftr-385	146	1	see	see	VERB
ftr-385	146	2	nysba	nysba	PROPN
ftr-385	146	3	report	report	NOUN
ftr-385	146	4	,	,	PUNCT
ftr-385	146	5	supra	supra	PROPN
ftr-385	146	6	note	note	NOUN
ftr-385	146	7	2	2	NUM
ftr-385	146	8	,	,	PUNCT
ftr-385	146	9	at	at	ADP
ftr-385	146	10	40	40	NUM
ftr-385	146	11	-	-	SYM
ftr-385	146	12	43	43	NUM
ftr-385	146	13	(	(	PUNCT
ftr-385	146	14	treating	treat	VERB
ftr-385	146	15	§	§	PROPN
ftr-385	146	16	743(b	743(b	PROPN
ftr-385	146	17	)	)	PUNCT
ftr-385	146	18	adjustments	adjustment	NOUN
ftr-385	146	19	in	in	ADP
ftr-385	146	20	the	the	DET
ftr-385	146	21	same	same	ADJ
ftr-385	146	22	manner	manner	NOUN
ftr-385	146	23	as	as	ADP
ftr-385	146	24	a	a	DET
ftr-385	146	25	share	share	NOUN
ftr-385	146	26	of	of	ADP
ftr-385	146	27	common	common	ADJ
ftr-385	146	28	basis	basis	NOUN
ftr-385	146	29	)	)	PUNCT
ftr-385	146	30	.	.	PUNCT
ftr-385	147	1	30	30	NUM
ftr-385	147	2	.	.	PUNCT
ftr-385	148	1	presumably	presumably	ADV
ftr-385	148	2	,	,	PUNCT
ftr-385	148	3	the	the	DET
ftr-385	148	4	net	net	ADJ
ftr-385	148	5	reduction	reduction	NOUN
ftr-385	148	6	in	in	ADP
ftr-385	148	7	a	a	DET
ftr-385	148	8	partner	partner	NOUN
ftr-385	148	9	’s	’s	PART
ftr-385	148	10	share	share	NOUN
ftr-385	148	11	of	of	ADP
ftr-385	148	12	hot	hot	ADJ
ftr-385	148	13	asset	asset	NOUN
ftr-385	148	14	gain	gain	NOUN
ftr-385	148	15	should	should	AUX
ftr-385	148	16	take	take	VERB
ftr-385	148	17	into	into	ADP
ftr-385	148	18	account	account	NOUN
ftr-385	148	19	built	build	VERB
ftr-385	148	20	-	-	PUNCT
ftr-385	148	21	in	in	ADP
ftr-385	148	22	ordinary	ordinary	ADJ
ftr-385	148	23	losses	loss	NOUN
ftr-385	148	24	as	as	ADV
ftr-385	148	25	well	well	ADV
ftr-385	148	26	as	as	ADP
ftr-385	148	27	built	build	VERB
ftr-385	148	28	-	-	PUNCT
ftr-385	148	29	in	in	ADP
ftr-385	148	30	ordinary	ordinary	ADJ
ftr-385	148	31	income	income	NOUN
ftr-385	148	32	.	.	PUNCT
ftr-385	149	1	and	and	CCONJ
ftr-385	149	2	may	may	AUX
ftr-385	149	3	produce	produce	VERB
ftr-385	149	4	unintended	unintended	ADJ
ftr-385	149	5	results	result	NOUN
ftr-385	149	6	when	when	SCONJ
ftr-385	149	7	an	an	DET
ftr-385	149	8	actual	actual	ADJ
ftr-385	149	9	distribution	distribution	NOUN
ftr-385	149	10	of	of	ADP
ftr-385	149	11	hot	hot	ADJ
ftr-385	149	12	assets	asset	NOUN
ftr-385	149	13	would	would	AUX
ftr-385	149	14	trigger	trigger	VERB
ftr-385	149	15	other	other	ADJ
ftr-385	149	16	partnership	partnership	NOUN
ftr-385	149	17	provisions	provision	NOUN
ftr-385	149	18	.	.	PUNCT
ftr-385	150	1	by	by	ADP
ftr-385	150	2	analogy	analogy	NOUN
ftr-385	150	3	,	,	PUNCT
ftr-385	150	4	section	section	NOUN
ftr-385	150	5	704(c)(1)(b)26	704(c)(1)(b)26	PROPN
ftr-385	150	6	already	already	ADV
ftr-385	150	7	provides	provide	VERB
ftr-385	150	8	for	for	ADP
ftr-385	150	9	deemed	deem	VERB
ftr-385	150	10	sale	sale	NOUN
ftr-385	150	11	treatment	treatment	NOUN
ftr-385	150	12	on	on	ADP
ftr-385	150	13	certain	certain	ADJ
ftr-385	150	14	distributions	distribution	NOUN
ftr-385	150	15	,	,	PUNCT
ftr-385	150	16	coupled	couple	VERB
ftr-385	150	17	with	with	ADP
ftr-385	150	18	appropriate	appropriate	ADJ
ftr-385	150	19	adjustments	adjustment	NOUN
ftr-385	150	20	to	to	ADP
ftr-385	150	21	inside	inside	ADP
ftr-385	150	22	and	and	CCONJ
ftr-385	150	23	outside	outside	ADJ
ftr-385	150	24	basis	basis	NOUN
ftr-385	150	25	(	(	PUNCT
ftr-385	150	26	the	the	DET
ftr-385	150	27	“	"	PUNCT
ftr-385	150	28	section	section	NOUN
ftr-385	150	29	704(c)(1)(b	704(c)(1)(b	PROPN
ftr-385	150	30	)	)	PUNCT
ftr-385	150	31	approach	approach	NOUN
ftr-385	150	32	”	"	PUNCT
ftr-385	150	33	)	)	PUNCT
ftr-385	150	34	.	.	PUNCT
ftr-385	151	1	the	the	DET
ftr-385	151	2	selling	sell	VERB
ftr-385	151	3	partners	partner	NOUN
ftr-385	151	4	would	would	AUX
ftr-385	151	5	be	be	AUX
ftr-385	151	6	deemed	deem	VERB
ftr-385	151	7	to	to	PART
ftr-385	151	8	realize27	realize27	VERB
ftr-385	151	9	ordinary	ordinary	ADJ
ftr-385	151	10	income	income	NOUN
ftr-385	151	11	equal	equal	ADJ
ftr-385	151	12	to	to	ADP
ftr-385	151	13	the	the	DET
ftr-385	151	14	net	net	ADJ
ftr-385	151	15	reduction	reduction	NOUN
ftr-385	151	16	in	in	ADP
ftr-385	151	17	their	their	PRON
ftr-385	151	18	share	share	NOUN
ftr-385	151	19	of	of	ADP
ftr-385	151	20	hot	hot	ADJ
ftr-385	151	21	asset	asset	NOUN
ftr-385	151	22	gain	gain	NOUN
ftr-385	151	23	.	.	PUNCT
ftr-385	152	1	any	any	DET
ftr-385	152	2	recognized	recognize	VERB
ftr-385	152	3	gain	gain	NOUN
ftr-385	152	4	would	would	AUX
ftr-385	152	5	trigger	trigger	VERB
ftr-385	152	6	appropriate	appropriate	ADJ
ftr-385	152	7	adjustments	adjustment	NOUN
ftr-385	152	8	to	to	ADP
ftr-385	152	9	inside	inside	ADP
ftr-385	152	10	and	and	CCONJ
ftr-385	152	11	outside	outside	ADJ
ftr-385	152	12	basis	basis	NOUN
ftr-385	152	13	.	.	PUNCT
ftr-385	153	1	the	the	DET
ftr-385	153	2	section	section	NOUN
ftr-385	153	3	704(c)(1)(b	704(c)(1)(b	PROPN
ftr-385	153	4	)	)	PUNCT
ftr-385	153	5	approach	approach	NOUN
ftr-385	153	6	accomplishes	accomplish	VERB
ftr-385	153	7	the	the	DET
ftr-385	153	8	same	same	ADJ
ftr-385	153	9	result	result	NOUN
ftr-385	153	10	as	as	ADP
ftr-385	153	11	notice	notice	NOUN
ftr-385	153	12	2006	2006	NUM
ftr-385	153	13	-	-	SYM
ftr-385	153	14	14	14	NUM
ftr-385	153	15	without	without	ADP
ftr-385	153	16	imputing	impute	VERB
ftr-385	153	17	a	a	DET
ftr-385	153	18	circular	circular	ADJ
ftr-385	153	19	flow	flow	NOUN
ftr-385	153	20	of	of	ADP
ftr-385	153	21	cash	cash	NOUN
ftr-385	153	22	from	from	ADP
ftr-385	153	23	the	the	DET
ftr-385	153	24	partnership	partnership	NOUN
ftr-385	153	25	to	to	ADP
ftr-385	153	26	the	the	DET
ftr-385	153	27	selling	selling	NOUN
ftr-385	153	28	partner	partner	NOUN
ftr-385	153	29	(	(	PUNCT
ftr-385	153	30	as	as	ADP
ftr-385	153	31	consideration	consideration	NOUN
ftr-385	153	32	on	on	ADP
ftr-385	153	33	the	the	DET
ftr-385	153	34	sale	sale	NOUN
ftr-385	153	35	)	)	PUNCT
ftr-385	153	36	and	and	CCONJ
ftr-385	153	37	from	from	ADP
ftr-385	153	38	the	the	DET
ftr-385	153	39	selling	selling	NOUN
ftr-385	153	40	partner	partner	NOUN
ftr-385	153	41	back	back	ADV
ftr-385	153	42	to	to	ADP
ftr-385	153	43	the	the	DET
ftr-385	153	44	partnership	partnership	NOUN
ftr-385	153	45	(	(	PUNCT
ftr-385	153	46	as	as	ADP
ftr-385	153	47	a	a	DET
ftr-385	153	48	contribution	contribution	NOUN
ftr-385	153	49	)	)	PUNCT
ftr-385	153	50	.	.	PUNCT
ftr-385	154	1	under	under	ADP
ftr-385	154	2	the	the	DET
ftr-385	154	3	section	section	NOUN
ftr-385	154	4	704(c)(1)(b	704(c)(1)(b	NOUN
ftr-385	154	5	)	)	PUNCT
ftr-385	154	6	approach	approach	NOUN
ftr-385	154	7	,	,	PUNCT
ftr-385	154	8	the	the	DET
ftr-385	154	9	credit	credit	NOUN
ftr-385	154	10	to	to	ADP
ftr-385	154	11	the	the	DET
ftr-385	154	12	selling	selling	NOUN
ftr-385	154	13	partner	partner	NOUN
ftr-385	154	14	’s	’s	PART
ftr-385	154	15	book	book	NOUN
ftr-385	154	16	capital	capital	NOUN
ftr-385	154	17	account	account	VERB
ftr-385	154	18	for	for	ADP
ftr-385	154	19	the	the	DET
ftr-385	154	20	value	value	NOUN
ftr-385	154	21	of	of	ADP
ftr-385	154	22	the	the	DET
ftr-385	154	23	relinquished	relinquished	ADJ
ftr-385	154	24	hot	hot	ADJ
ftr-385	154	25	assets	asset	NOUN
ftr-385	154	26	substitutes	substitute	NOUN
ftr-385	154	27	for	for	ADP
ftr-385	154	28	imputed	impute	VERB
ftr-385	154	29	cash	cash	NOUN
ftr-385	154	30	consideration	consideration	NOUN
ftr-385	154	31	on	on	ADP
ftr-385	154	32	the	the	DET
ftr-385	154	33	sale	sale	NOUN
ftr-385	154	34	.	.	PUNCT
ftr-385	155	1	it	it	PRON
ftr-385	155	2	might	might	AUX
ftr-385	155	3	be	be	AUX
ftr-385	155	4	argued	argue	VERB
ftr-385	155	5	that	that	SCONJ
ftr-385	155	6	the	the	DET
ftr-385	155	7	section	section	NOUN
ftr-385	155	8	704(c)(1)(b	704(c)(1)(b	NOUN
ftr-385	155	9	)	)	PUNCT
ftr-385	155	10	approach	approach	NOUN
ftr-385	155	11	ignores	ignore	VERB
ftr-385	155	12	the28	the28	PROPN
ftr-385	155	13	statutory	statutory	ADJ
ftr-385	155	14	language	language	NOUN
ftr-385	155	15	of	of	ADP
ftr-385	155	16	section	section	NOUN
ftr-385	155	17	751(b	751(b	PROPN
ftr-385	155	18	)	)	PUNCT
ftr-385	155	19	which	which	PRON
ftr-385	155	20	refers	refer	VERB
ftr-385	155	21	to	to	ADP
ftr-385	155	22	a	a	DET
ftr-385	155	23	“	"	PUNCT
ftr-385	155	24	sale	sale	NOUN
ftr-385	155	25	or	or	CCONJ
ftr-385	155	26	exchange	exchange	NOUN
ftr-385	155	27	.	.	PUNCT
ftr-385	155	28	”	"	PUNCT
ftr-385	156	1	since	since	SCONJ
ftr-385	156	2	every	every	DET
ftr-385	156	3	disproportionate	disproportionate	ADJ
ftr-385	156	4	distribution	distribution	NOUN
ftr-385	156	5	is	be	AUX
ftr-385	156	6	an	an	DET
ftr-385	156	7	implicit	implicit	ADJ
ftr-385	156	8	exchange	exchange	NOUN
ftr-385	156	9	of	of	ADP
ftr-385	156	10	properties	property	NOUN
ftr-385	156	11	between	between	ADP
ftr-385	156	12	the	the	DET
ftr-385	156	13	distributee	distributee	NOUN
ftr-385	156	14	and	and	CCONJ
ftr-385	156	15	the	the	DET
ftr-385	156	16	nondistributee	nondistributee	NOUN
ftr-385	156	17	partners	partner	NOUN
ftr-385	156	18	,	,	PUNCT
ftr-385	156	19	however	however	ADV
ftr-385	156	20	,	,	PUNCT
ftr-385	156	21	the	the	DET
ftr-385	156	22	only	only	ADJ
ftr-385	156	23	relevant	relevant	ADJ
ftr-385	156	24	issue	issue	NOUN
ftr-385	156	25	should	should	AUX
ftr-385	156	26	be	be	AUX
ftr-385	156	27	the	the	DET
ftr-385	156	28	extent	extent	NOUN
ftr-385	156	29	to	to	PART
ftr-385	156	30	which	which	PRON
ftr-385	156	31	the	the	DET
ftr-385	156	32	exchange	exchange	NOUN
ftr-385	156	33	is	be	AUX
ftr-385	156	34	taxable	taxable	ADJ
ftr-385	156	35	to	to	ADP
ftr-385	156	36	both	both	DET
ftr-385	156	37	parties	party	NOUN
ftr-385	156	38	.	.	PUNCT
ftr-385	157	1	the	the	DET
ftr-385	157	2	hypothetical	hypothetical	ADJ
ftr-385	157	3	sale	sale	NOUN
ftr-385	157	4	approach	approach	NOUN
ftr-385	157	5	provides	provide	VERB
ftr-385	157	6	an	an	DET
ftr-385	157	7	accurate	accurate	ADJ
ftr-385	157	8	measurement	measurement	NOUN
ftr-385	157	9	of	of	ADP
ftr-385	157	10	the	the	DET
ftr-385	157	11	partners	partner	NOUN
ftr-385	157	12	’	'	PUNCT
ftr-385	157	13	shares	share	NOUN
ftr-385	157	14	of	of	ADP
ftr-385	157	15	hot	hot	ADJ
ftr-385	157	16	asset	asset	NOUN
ftr-385	157	17	gain	gain	NOUN
ftr-385	157	18	.	.	PUNCT
ftr-385	158	1	indeed	indeed	ADV
ftr-385	158	2	,	,	PUNCT
ftr-385	158	3	a	a	DET
ftr-385	158	4	hypothetical	hypothetical	ADJ
ftr-385	158	5	sale	sale	NOUN
ftr-385	158	6	approach	approach	NOUN
ftr-385	158	7	is	be	AUX
ftr-385	158	8	already	already	ADV
ftr-385	158	9	applied	apply	VERB
ftr-385	158	10	under	under	ADP
ftr-385	158	11	other	other	ADJ
ftr-385	158	12	partnership	partnership	NOUN
ftr-385	158	13	provisions	provision	NOUN
ftr-385	158	14	,	,	PUNCT
ftr-385	158	15	including	include	VERB
ftr-385	158	16	sections	section	NOUN
ftr-385	158	17	743(a	743(a	NUM
ftr-385	158	18	)	)	PUNCT
ftr-385	158	19	,	,	PUNCT
ftr-385	158	20	751(a	751(a	NUM
ftr-385	158	21	)	)	PUNCT
ftr-385	158	22	,	,	PUNCT
ftr-385	158	23	and	and	CCONJ
ftr-385	159	1	755	755	NUM
ftr-385	159	2	.	.	PUNCT
ftr-385	160	1	a	a	DET
ftr-385	160	2	partner	partner	NOUN
ftr-385	160	3	’s	’s	PART
ftr-385	160	4	predistribution	predistribution	NOUN
ftr-385	160	5	share	share	NOUN
ftr-385	160	6	of	of	ADP
ftr-385	160	7	hot	hot	ADJ
ftr-385	160	8	asset	asset	NOUN
ftr-385	160	9	gain	gain	NOUN
ftr-385	160	10	should29	should29	NOUN
ftr-385	160	11	equal	equal	VERB
ftr-385	160	12	the	the	DET
ftr-385	160	13	amount	amount	NOUN
ftr-385	160	14	of	of	ADP
ftr-385	160	15	such	such	ADJ
ftr-385	160	16	gain	gain	NOUN
ftr-385	160	17	that	that	PRON
ftr-385	160	18	would	would	AUX
ftr-385	160	19	be	be	AUX
ftr-385	160	20	allocated	allocate	VERB
ftr-385	160	21	to	to	ADP
ftr-385	160	22	the	the	DET
ftr-385	160	23	partner	partner	NOUN
ftr-385	160	24	upon	upon	SCONJ
ftr-385	160	25	a	a	DET
ftr-385	160	26	hypothetical	hypothetical	ADJ
ftr-385	160	27	sale	sale	NOUN
ftr-385	160	28	of	of	ADP
ftr-385	160	29	the	the	DET
ftr-385	160	30	partnership	partnership	NOUN
ftr-385	160	31	’s	’s	PART
ftr-385	160	32	assets	asset	NOUN
ftr-385	160	33	.	.	PUNCT
ftr-385	161	1	the	the	DET
ftr-385	161	2	net	net	ADJ
ftr-385	161	3	reduction	reduction	NOUN
ftr-385	161	4	in	in	ADP
ftr-385	161	5	a	a	DET
ftr-385	161	6	partner	partner	NOUN
ftr-385	161	7	’s	’s	PART
ftr-385	161	8	share	share	NOUN
ftr-385	161	9	of	of	ADP
ftr-385	161	10	hot	hot	ADJ
ftr-385	161	11	asset	asset	NOUN
ftr-385	161	12	gain	gain	NOUN
ftr-385	161	13	would	would	AUX
ftr-385	161	14	be	be	AUX
ftr-385	161	15	determined	determine	VERB
ftr-385	161	16	by	by	ADP
ftr-385	161	17	comparing	compare	VERB
ftr-385	161	18	the	the	DET
ftr-385	161	19	partner	partner	NOUN
ftr-385	161	20	’s	’s	PART
ftr-385	161	21	preand	preand	VERB
ftr-385	161	22	post	post	ADJ
ftr-385	161	23	-	-	ADJ
ftr-385	161	24	distribution	distribution	ADJ
ftr-385	161	25	shares	share	NOUN
ftr-385	161	26	of	of	ADP
ftr-385	161	27	hot	hot	ADJ
ftr-385	161	28	asset	asset	NOUN
ftr-385	161	29	gain	gain	NOUN
ftr-385	161	30	.	.	PUNCT
ftr-385	162	1	a	a	DET
ftr-385	162	2	partner	partner	NOUN
ftr-385	162	3	’s	’s	PART
ftr-385	162	4	post	post	ADJ
ftr-385	162	5	-	-	ADJ
ftr-385	162	6	distribution30	distribution30	ADJ
ftr-385	162	7	share	share	NOUN
ftr-385	162	8	of	of	ADP
ftr-385	162	9	hot	hot	ADJ
ftr-385	162	10	asset	asset	NOUN
ftr-385	162	11	gain	gain	NOUN
ftr-385	162	12	should	should	AUX
ftr-385	162	13	include	include	VERB
ftr-385	162	14	any	any	DET
ftr-385	162	15	booked	book	VERB
ftr-385	162	16	-	-	PUNCT
ftr-385	162	17	up	up	ADP
ftr-385	162	18	share	share	NOUN
ftr-385	162	19	of	of	ADP
ftr-385	162	20	hot	hot	ADJ
ftr-385	162	21	asset	asset	NOUN
ftr-385	162	22	gain	gain	NOUN
ftr-385	162	23	in	in	ADP
ftr-385	162	24	retained	retain	VERB
ftr-385	162	25	partnership	partnership	NOUN
ftr-385	162	26	assets	asset	NOUN
ftr-385	162	27	and	and	CCONJ
ftr-385	162	28	any	any	DET
ftr-385	162	29	hot	hot	ADJ
ftr-385	162	30	asset	asset	NOUN
ftr-385	162	31	gain	gain	NOUN
ftr-385	162	32	in	in	ADP
ftr-385	162	33	distributed	distribute	VERB
ftr-385	162	34	hot	hot	ADJ
ftr-385	162	35	assets	asset	NOUN
ftr-385	162	36	336	336	NUM
ftr-385	162	37	florida	florida	PROPN
ftr-385	162	38	tax	tax	NOUN
ftr-385	162	39	review	review	NOUN
ftr-385	163	1	[	[	X
ftr-385	163	2	vol.8:3	vol.8:3	NOUN
ftr-385	163	3	31	31	NUM
ftr-385	163	4	.	.	PUNCT
ftr-385	164	1	for	for	ADP
ftr-385	164	2	purposes	purpose	NOUN
ftr-385	164	3	of	of	ADP
ftr-385	164	4	determining	determine	VERB
ftr-385	164	5	hot	hot	ADJ
ftr-385	164	6	asset	asset	NOUN
ftr-385	164	7	gain	gain	NOUN
ftr-385	164	8	in	in	ADP
ftr-385	164	9	distributed	distribute	VERB
ftr-385	164	10	assets	asset	NOUN
ftr-385	164	11	,	,	PUNCT
ftr-385	164	12	the	the	DET
ftr-385	164	13	distributee	distributee	NOUN
ftr-385	164	14	’s	’s	PART
ftr-385	164	15	basis	basis	NOUN
ftr-385	164	16	would	would	AUX
ftr-385	164	17	initially	initially	ADV
ftr-385	164	18	be	be	AUX
ftr-385	164	19	determined	determine	VERB
ftr-385	164	20	under	under	ADP
ftr-385	164	21	the	the	DET
ftr-385	164	22	transferred	transfer	VERB
ftr-385	164	23	basis	basis	NOUN
ftr-385	164	24	rules	rule	NOUN
ftr-385	164	25	of	of	ADP
ftr-385	164	26	§	§	PROPN
ftr-385	164	27	732	732	NUM
ftr-385	164	28	.	.	PUNCT
ftr-385	165	1	32	32	NUM
ftr-385	165	2	.	.	PUNCT
ftr-385	166	1	see	see	VERB
ftr-385	166	2	reg	reg	NOUN
ftr-385	166	3	.	.	PUNCT
ftr-385	167	1	§	§	PROPN
ftr-385	167	2	1.751	1.751	NUM
ftr-385	167	3	-	-	SYM
ftr-385	167	4	1(b)(3)(ii)-(iii	1(b)(3)(ii)-(iii	NUM
ftr-385	167	5	)	)	PUNCT
ftr-385	167	6	.	.	PUNCT
ftr-385	168	1	consistent	consistent	ADJ
ftr-385	168	2	with	with	ADP
ftr-385	168	3	the	the	DET
ftr-385	168	4	hot	hot	ADJ
ftr-385	168	5	asset	asset	NOUN
ftr-385	168	6	sale	sale	NOUN
ftr-385	168	7	approach	approach	NOUN
ftr-385	168	8	,	,	PUNCT
ftr-385	168	9	any	any	DET
ftr-385	168	10	increase	increase	NOUN
ftr-385	168	11	in	in	ADP
ftr-385	168	12	the	the	DET
ftr-385	168	13	basis	basis	NOUN
ftr-385	168	14	of	of	ADP
ftr-385	168	15	retained	retain	VERB
ftr-385	168	16	partnership	partnership	NOUN
ftr-385	168	17	property	property	NOUN
ftr-385	168	18	should	should	AUX
ftr-385	168	19	generally	generally	ADV
ftr-385	168	20	benefit	benefit	VERB
ftr-385	168	21	the	the	DET
ftr-385	168	22	purchasing	purchasing	NOUN
ftr-385	168	23	partners	partner	NOUN
ftr-385	168	24	.	.	PUNCT
ftr-385	169	1	33	33	NUM
ftr-385	169	2	.	.	PUNCT
ftr-385	170	1	see	see	VERB
ftr-385	170	2	surrey	surrey	PROPN
ftr-385	170	3	&	&	CCONJ
ftr-385	170	4	warren	warren	PROPN
ftr-385	170	5	,	,	PUNCT
ftr-385	170	6	supra	supra	PROPN
ftr-385	170	7	note	note	PROPN
ftr-385	170	8	7	7	NUM
ftr-385	170	9	,	,	PUNCT
ftr-385	170	10	at	at	ADP
ftr-385	170	11	1174	1174	NUM
ftr-385	170	12	.	.	PUNCT
ftr-385	171	1	the	the	DET
ftr-385	171	2	ali	ali	PROPN
ftr-385	171	3	partnership	partnership	PROPN
ftr-385	171	4	proposals	proposal	NOUN
ftr-385	171	5	and	and	CCONJ
ftr-385	171	6	explanation	explanation	NOUN
ftr-385	171	7	are	be	AUX
ftr-385	171	8	contained	contain	VERB
ftr-385	171	9	in	in	ADP
ftr-385	171	10	american	american	PROPN
ftr-385	171	11	law	law	PROPN
ftr-385	171	12	institute	institute	PROPN
ftr-385	171	13	,	,	PUNCT
ftr-385	171	14	federal	federal	ADJ
ftr-385	171	15	income	income	NOUN
ftr-385	171	16	tax	tax	NOUN
ftr-385	171	17	statute	statute	PROPN
ftr-385	171	18	:	:	PUNCT
ftr-385	171	19	february	february	PROPN
ftr-385	171	20	1954	1954	NUM
ftr-385	171	21	draft	draft	NOUN
ftr-385	171	22	,	,	PUNCT
ftr-385	171	23	vol	vol	NOUN
ftr-385	171	24	.	.	PUNCT
ftr-385	171	25	ii	ii	PROPN
ftr-385	171	26	,	,	PUNCT
ftr-385	171	27	86	86	NUM
ftr-385	171	28	-	-	SYM
ftr-385	171	29	119	119	NUM
ftr-385	171	30	,	,	PUNCT
ftr-385	171	31	353	353	NUM
ftr-385	171	32	-	-	SYM
ftr-385	171	33	411	411	NUM
ftr-385	171	34	(	(	PUNCT
ftr-385	171	35	1954	1954	NUM
ftr-385	171	36	)	)	PUNCT
ftr-385	172	1	[	[	X
ftr-385	172	2	hereinafter	hereinafter	NOUN
ftr-385	172	3	1954	1954	NUM
ftr-385	172	4	ali	ali	PROPN
ftr-385	172	5	draft	draft	PROPN
ftr-385	172	6	]	]	PUNCT
ftr-385	172	7	;	;	PUNCT
ftr-385	172	8	see	see	VERB
ftr-385	172	9	i	i	PRON
ftr-385	172	10	d.	d.	PROPN
ftr-385	172	11	at	at	ADP
ftr-385	172	12	116	116	NUM
ftr-385	172	13	-	-	SYM
ftr-385	172	14	19	19	NUM
ftr-385	172	15	,	,	PUNCT
ftr-385	172	16	408	408	NUM
ftr-385	172	17	-	-	SYM
ftr-385	172	18	11	11	NUM
ftr-385	172	19	,	,	PUNCT
ftr-385	172	20	§	§	PROPN
ftr-385	172	21	x761	x761	PROPN
ftr-385	172	22	(	(	PUNCT
ftr-385	172	23	collapsible	collapsible	ADJ
ftr-385	172	24	partnerships	partnership	NOUN
ftr-385	172	25	)	)	PUNCT
ftr-385	172	26	,	,	PUNCT
ftr-385	172	27	and	and	CCONJ
ftr-385	172	28	i	i	PRON
ftr-385	172	29	d.	d.	PROPN
ftr-385	172	30	at	at	ADP
ftr-385	172	31	101	101	NUM
ftr-385	172	32	-	-	PUNCT
ftr-385	172	33	04	04	NUM
ftr-385	172	34	,	,	PUNCT
ftr-385	172	35	392	392	NUM
ftr-385	172	36	-	-	SYM
ftr-385	172	37	95	95	NUM
ftr-385	172	38	,	,	PUNCT
ftr-385	172	39	§	§	PROPN
ftr-385	172	40	x757	x757	PROPN
ftr-385	172	41	(	(	PUNCT
ftr-385	172	42	noncollapsible	noncollapsible	ADJ
ftr-385	172	43	partnerships	partnership	NOUN
ftr-385	172	44	)	)	PUNCT
ftr-385	172	45	.	.	PUNCT
ftr-385	173	1	34	34	NUM
ftr-385	173	2	.	.	PUNCT
ftr-385	174	1	the	the	DET
ftr-385	174	2	ali	ali	PROPN
ftr-385	174	3	proposals	proposal	NOUN
ftr-385	174	4	defined	define	VERB
ftr-385	174	5	a	a	DET
ftr-385	174	6	current	current	ADJ
ftr-385	174	7	distribution	distribution	NOUN
ftr-385	174	8	as	as	ADP
ftr-385	174	9	one	one	NUM
ftr-385	174	10	other	other	ADJ
ftr-385	174	11	than	than	ADP
ftr-385	174	12	upon	upon	SCONJ
ftr-385	174	13	winding	wind	VERB
ftr-385	174	14	up	up	ADP
ftr-385	174	15	of	of	ADP
ftr-385	174	16	the	the	DET
ftr-385	174	17	partnership	partnership	NOUN
ftr-385	174	18	or	or	CCONJ
ftr-385	174	19	“	"	PUNCT
ftr-385	174	20	as	as	ADP
ftr-385	174	21	the	the	DET
ftr-385	174	22	result	result	NOUN
ftr-385	174	23	of	of	ADP
ftr-385	174	24	a	a	DET
ftr-385	174	25	sale	sale	NOUN
ftr-385	174	26	by	by	ADP
ftr-385	174	27	the	the	DET
ftr-385	174	28	distributee	distributee	NOUN
ftr-385	174	29	of	of	ADP
ftr-385	174	30	part	part	NOUN
ftr-385	174	31	or	or	CCONJ
ftr-385	174	32	all	all	PRON
ftr-385	174	33	of	of	ADP
ftr-385	174	34	his	his	PRON
ftr-385	174	35	interest	interest	NOUN
ftr-385	174	36	in	in	ADP
ftr-385	174	37	partnership	partnership	NOUN
ftr-385	174	38	property	property	NOUN
ftr-385	174	39	to	to	ADP
ftr-385	174	40	the	the	DET
ftr-385	174	41	other	other	ADJ
ftr-385	174	42	partners	partner	NOUN
ftr-385	174	43	.	.	PUNCT
ftr-385	174	44	”	"	PUNCT
ftr-385	175	1	see	see	VERB
ftr-385	175	2	1954	1954	NUM
ftr-385	175	3	ali	ali	PROPN
ftr-385	175	4	draft	draft	PROPN
ftr-385	175	5	,	,	PUNCT
ftr-385	175	6	supra	supra	PROPN
ftr-385	175	7	note	note	NOUN
ftr-385	175	8	33	33	NUM
ftr-385	175	9	,	,	PUNCT
ftr-385	175	10	at	at	ADP
ftr-385	175	11	97	97	NUM
ftr-385	175	12	,	,	PUNCT
ftr-385	175	13	§	§	PROPN
ftr-385	175	14	x754	x754	PROPN
ftr-385	175	15	;	;	PUNCT
ftr-385	176	1	cf	cf	X
ftr-385	176	2	.	.	PUNCT
ftr-385	177	1	reg	reg	NOUN
ftr-385	177	2	.	.	PUNCT
ftr-385	178	1	§	§	PROPN
ftr-385	178	2	1.761	1.761	NUM
ftr-385	178	3	-	-	SYM
ftr-385	178	4	1(d	1(d	NUM
ftr-385	178	5	)	)	PUNCT
ftr-385	178	6	(	(	PUNCT
ftr-385	178	7	defining	define	VERB
ftr-385	178	8	a	a	DET
ftr-385	178	9	current	current	ADJ
ftr-385	178	10	distribution	distribution	NOUN
ftr-385	178	11	as	as	ADP
ftr-385	178	12	any	any	DET
ftr-385	178	13	distribution	distribution	NOUN
ftr-385	178	14	that	that	PRON
ftr-385	178	15	does	do	AUX
ftr-385	178	16	not	not	PART
ftr-385	178	17	completely	completely	ADV
ftr-385	178	18	terminate	terminate	VERB
ftr-385	178	19	a	a	DET
ftr-385	178	20	partner	partner	NOUN
ftr-385	178	21	’s	’s	PART
ftr-385	178	22	interest	interest	NOUN
ftr-385	178	23	)	)	PUNCT
ftr-385	178	24	.	.	PUNCT
ftr-385	179	1	(	(	PUNCT
ftr-385	179	2	determined	determine	VERB
ftr-385	179	3	before	before	ADP
ftr-385	179	4	taking	take	VERB
ftr-385	179	5	section	section	NOUN
ftr-385	179	6	751(b	751(b	PROPN
ftr-385	179	7	)	)	PUNCT
ftr-385	179	8	into	into	ADP
ftr-385	179	9	account	account	NOUN
ftr-385	179	10	)	)	PUNCT
ftr-385	179	11	.	.	PUNCT
ftr-385	180	1	both	both	DET
ftr-385	180	2	current	current	ADJ
ftr-385	180	3	and31	and31	NOUN
ftr-385	180	4	liquidating	liquidating	NOUN
ftr-385	180	5	distributions	distribution	NOUN
ftr-385	180	6	would	would	AUX
ftr-385	180	7	be	be	AUX
ftr-385	180	8	treated	treat	VERB
ftr-385	180	9	in	in	ADP
ftr-385	180	10	a	a	DET
ftr-385	180	11	similar	similar	ADJ
ftr-385	180	12	manner	manner	NOUN
ftr-385	180	13	,	,	PUNCT
ftr-385	180	14	except	except	SCONJ
ftr-385	180	15	that	that	SCONJ
ftr-385	180	16	a	a	DET
ftr-385	180	17	liquidated	liquidate	VERB
ftr-385	180	18	partner	partner	NOUN
ftr-385	180	19	has	have	AUX
ftr-385	180	20	no	no	DET
ftr-385	180	21	continuing	continue	VERB
ftr-385	180	22	share	share	NOUN
ftr-385	180	23	of	of	ADP
ftr-385	180	24	unrealized	unrealized	ADJ
ftr-385	180	25	appreciation	appreciation	NOUN
ftr-385	180	26	inside	inside	ADP
ftr-385	180	27	the	the	DET
ftr-385	180	28	partnership	partnership	NOUN
ftr-385	180	29	,	,	PUNCT
ftr-385	180	30	thereby	thereby	ADV
ftr-385	180	31	simplifying	simplify	VERB
ftr-385	180	32	the	the	DET
ftr-385	180	33	mechanics	mechanic	NOUN
ftr-385	180	34	of	of	ADP
ftr-385	180	35	section	section	NOUN
ftr-385	180	36	751(b	751(b	PROPN
ftr-385	180	37	)	)	PUNCT
ftr-385	180	38	.	.	PUNCT
ftr-385	181	1	iii	iii	X
ftr-385	181	2	.	.	PROPN
ftr-385	181	3	relationship	relationship	NOUN
ftr-385	181	4	between	between	ADP
ftr-385	181	5	§	§	PROPN
ftr-385	181	6	§	§	PROPN
ftr-385	181	7	734(b	734(b	PROPN
ftr-385	181	8	)	)	PUNCT
ftr-385	181	9	and	and	CCONJ
ftr-385	181	10	751(b	751(b	NOUN
ftr-385	181	11	)	)	PUNCT
ftr-385	181	12	when	when	SCONJ
ftr-385	181	13	section	section	NOUN
ftr-385	181	14	751(b	751(b	PROPN
ftr-385	181	15	)	)	PUNCT
ftr-385	181	16	applies	apply	VERB
ftr-385	181	17	,	,	PUNCT
ftr-385	181	18	the	the	DET
ftr-385	181	19	partnership	partnership	NOUN
ftr-385	181	20	receives	receive	VERB
ftr-385	181	21	a	a	DET
ftr-385	181	22	“	"	PUNCT
ftr-385	181	23	cost	cost	NOUN
ftr-385	181	24	”	"	PUNCT
ftr-385	181	25	basis	basis	NOUN
ftr-385	181	26	in	in	ADP
ftr-385	181	27	purchased	purchase	VERB
ftr-385	181	28	hot	hot	ADJ
ftr-385	181	29	(	(	PUNCT
ftr-385	181	30	or	or	CCONJ
ftr-385	181	31	cold	cold	ADJ
ftr-385	181	32	)	)	PUNCT
ftr-385	181	33	assets	asset	NOUN
ftr-385	181	34	,	,	PUNCT
ftr-385	181	35	regardless	regardless	ADV
ftr-385	181	36	of	of	ADP
ftr-385	181	37	whether	whether	SCONJ
ftr-385	181	38	the	the	DET
ftr-385	181	39	partnership	partnership	NOUN
ftr-385	181	40	has	have	AUX
ftr-385	181	41	a	a	DET
ftr-385	181	42	section	section	NOUN
ftr-385	181	43	754	754	NUM
ftr-385	181	44	election	election	NOUN
ftr-385	181	45	in	in	ADP
ftr-385	181	46	effect	effect	NOUN
ftr-385	181	47	.	.	PUNCT
ftr-385	182	1	indeed	indeed	ADV
ftr-385	182	2	,	,	PUNCT
ftr-385	182	3	sections	section	NOUN
ftr-385	182	4	751(b	751(b	NOUN
ftr-385	182	5	)	)	PUNCT
ftr-385	182	6	and	and	CCONJ
ftr-385	182	7	734(b	734(b	NOUN
ftr-385	182	8	)	)	PUNCT
ftr-385	182	9	were	be	AUX
ftr-385	182	10	both32	both32	NOUN
ftr-385	182	11	enacted	enact	VERB
ftr-385	182	12	in	in	ADP
ftr-385	182	13	1954	1954	NUM
ftr-385	182	14	to	to	PART
ftr-385	182	15	address	address	VERB
ftr-385	182	16	different	different	ADJ
ftr-385	182	17	facets	facet	NOUN
ftr-385	182	18	of	of	ADP
ftr-385	182	19	disproportionate	disproportionate	ADJ
ftr-385	182	20	distributions	distribution	NOUN
ftr-385	182	21	.	.	PUNCT
ftr-385	183	1	under	under	ADP
ftr-385	183	2	the	the	DET
ftr-385	183	3	1954	1954	NUM
ftr-385	183	4	ali	ali	PROPN
ftr-385	183	5	proposals	proposal	NOUN
ftr-385	183	6	,	,	PUNCT
ftr-385	183	7	the	the	DET
ftr-385	183	8	more	more	ADV
ftr-385	183	9	complex	complex	ADJ
ftr-385	183	10	rules	rule	NOUN
ftr-385	183	11	of	of	ADP
ftr-385	183	12	section	section	NOUN
ftr-385	183	13	751(b	751(b	PROPN
ftr-385	183	14	)	)	PUNCT
ftr-385	183	15	applied	apply	VERB
ftr-385	183	16	to	to	ADP
ftr-385	183	17	distributions	distribution	NOUN
ftr-385	183	18	by	by	ADP
ftr-385	183	19	partnerships	partnership	NOUN
ftr-385	183	20	with	with	ADP
ftr-385	183	21	substantially	substantially	ADV
ftr-385	183	22	appreciated	appreciated	ADJ
ftr-385	183	23	hot	hot	ADJ
ftr-385	183	24	assets	asset	NOUN
ftr-385	183	25	,	,	PUNCT
ftr-385	183	26	while	while	SCONJ
ftr-385	183	27	section	section	NOUN
ftr-385	183	28	734(b	734(b	PROPN
ftr-385	183	29	)	)	PUNCT
ftr-385	183	30	governed	govern	VERB
ftr-385	183	31	all	all	DET
ftr-385	183	32	other	other	ADJ
ftr-385	183	33	distributions	distribution	NOUN
ftr-385	183	34	that	that	PRON
ftr-385	183	35	reduced	reduce	VERB
ftr-385	183	36	a	a	DET
ftr-385	183	37	partner	partner	NOUN
ftr-385	183	38	’s	’s	PART
ftr-385	183	39	interest	interest	NOUN
ftr-385	183	40	in	in	ADP
ftr-385	183	41	partnership	partnership	NOUN
ftr-385	183	42	profits	profit	NOUN
ftr-385	183	43	.	.	PUNCT
ftr-385	184	1	both	both	DET
ftr-385	184	2	provisions	provision	NOUN
ftr-385	184	3	treated	treat	VERB
ftr-385	184	4	a	a	DET
ftr-385	184	5	distribution33	distribution33	NOUN
ftr-385	184	6	that	that	PRON
ftr-385	184	7	redeems	redeem	VERB
ftr-385	184	8	a	a	DET
ftr-385	184	9	portion	portion	NOUN
ftr-385	184	10	of	of	ADP
ftr-385	184	11	a	a	DET
ftr-385	184	12	partner	partner	NOUN
ftr-385	184	13	’s	’s	PART
ftr-385	184	14	interest	interest	NOUN
ftr-385	184	15	as	as	ADP
ftr-385	184	16	a	a	DET
ftr-385	184	17	partial	partial	ADJ
ftr-385	184	18	liquidation	liquidation	NOUN
ftr-385	184	19	.	.	PUNCT
ftr-385	185	1	for34	for34	PROPN
ftr-385	185	2	example	example	NOUN
ftr-385	185	3	,	,	PUNCT
ftr-385	185	4	a	a	DET
ftr-385	185	5	distribution	distribution	NOUN
ftr-385	185	6	that	that	PRON
ftr-385	185	7	reduced	reduce	VERB
ftr-385	185	8	a	a	DET
ftr-385	185	9	partner	partner	NOUN
ftr-385	185	10	’s	’s	PART
ftr-385	185	11	interest	interest	NOUN
ftr-385	185	12	from	from	ADP
ftr-385	185	13	one	one	NUM
ftr-385	185	14	third	third	NOUN
ftr-385	185	15	to	to	ADP
ftr-385	185	16	one	one	NUM
ftr-385	185	17	fifth	fifth	ADJ
ftr-385	185	18	was	be	AUX
ftr-385	185	19	treated	treat	VERB
ftr-385	185	20	as	as	ADP
ftr-385	185	21	a	a	DET
ftr-385	185	22	complete	complete	ADJ
ftr-385	185	23	liquidation	liquidation	NOUN
ftr-385	185	24	of	of	ADP
ftr-385	185	25	one	one	NUM
ftr-385	185	26	half	half	NOUN
ftr-385	185	27	of	of	ADP
ftr-385	185	28	the	the	DET
ftr-385	185	29	distributee	distributee	NOUN
ftr-385	185	30	’s	’s	PART
ftr-385	185	31	interest	interest	NOUN
ftr-385	185	32	;	;	PUNCT
ftr-385	185	33	the	the	DET
ftr-385	185	34	distributee	distributee	NOUN
ftr-385	185	35	’s	’s	PART
ftr-385	185	36	interest	interest	NOUN
ftr-385	185	37	was	be	AUX
ftr-385	185	38	bifurcated	bifurcate	VERB
ftr-385	185	39	into	into	ADP
ftr-385	185	40	a	a	DET
ftr-385	185	41	redeemed	redeem	VERB
ftr-385	185	42	and	and	CCONJ
ftr-385	185	43	a	a	DET
ftr-385	185	44	continuing	continue	VERB
ftr-385	185	45	interest	interest	NOUN
ftr-385	185	46	.	.	PUNCT
ftr-385	186	1	partial	partial	ADJ
ftr-385	186	2	liquidation	liquidation	NOUN
ftr-385	186	3	treatment	treatment	NOUN
ftr-385	186	4	was	be	AUX
ftr-385	186	5	considered	consider	VERB
ftr-385	186	6	essential	essential	ADJ
ftr-385	186	7	to	to	PART
ftr-385	186	8	preserve	preserve	VERB
ftr-385	186	9	parity	parity	NOUN
ftr-385	186	10	of	of	ADP
ftr-385	186	11	treatment	treatment	NOUN
ftr-385	186	12	between	between	ADP
ftr-385	186	13	sales	sale	NOUN
ftr-385	186	14	of	of	ADP
ftr-385	186	15	partnership	partnership	NOUN
ftr-385	186	16	interests	interest	NOUN
ftr-385	186	17	and	and	CCONJ
ftr-385	186	18	disproportionate	disproportionate	ADJ
ftr-385	186	19	distributions	distribution	NOUN
ftr-385	186	20	.	.	PUNCT
ftr-385	187	1	following	follow	VERB
ftr-385	187	2	a	a	DET
ftr-385	187	3	distribution	distribution	NOUN
ftr-385	187	4	,	,	PUNCT
ftr-385	187	5	section	section	NOUN
ftr-385	187	6	734(b	734(b	PROPN
ftr-385	187	7	)	)	PUNCT
ftr-385	187	8	basis	basis	NOUN
ftr-385	187	9	adjustments	adjustment	NOUN
ftr-385	187	10	serve	serve	VERB
ftr-385	187	11	a	a	DET
ftr-385	187	12	dual	dual	ADJ
ftr-385	187	13	function	function	NOUN
ftr-385	187	14	:	:	PUNCT
ftr-385	187	15	adjusting	adjust	VERB
ftr-385	187	16	inside	inside	ADP
ftr-385	187	17	basis	basis	NOUN
ftr-385	187	18	to	to	PART
ftr-385	187	19	reflect	reflect	VERB
ftr-385	187	20	the	the	DET
ftr-385	187	21	“	"	PUNCT
ftr-385	187	22	cost	cost	NOUN
ftr-385	187	23	”	"	PUNCT
ftr-385	187	24	of	of	ADP
ftr-385	187	25	acquiring	acquire	VERB
ftr-385	187	26	the	the	DET
ftr-385	187	27	distributee	distributee	NOUN
ftr-385	187	28	’s	’s	PART
ftr-385	187	29	interest	interest	NOUN
ftr-385	187	30	and	and	CCONJ
ftr-385	187	31	preserving	preserve	VERB
ftr-385	187	32	shares	share	NOUN
ftr-385	187	33	of	of	ADP
ftr-385	187	34	unrealized	unrealized	ADJ
ftr-385	187	35	appreciation	appreciation	NOUN
ftr-385	187	36	for	for	ADP
ftr-385	187	37	the	the	DET
ftr-385	187	38	2007	2007	NUM
ftr-385	187	39	]	]	PUNCT
ftr-385	187	40	taxing	tax	VERB
ftr-385	187	41	hot	hot	ADJ
ftr-385	187	42	asset	asset	NOUN
ftr-385	187	43	shifts	shift	NOUN
ftr-385	187	44	337	337	NUM
ftr-385	187	45	35	35	NUM
ftr-385	187	46	.	.	PUNCT
ftr-385	188	1	see	see	PROPN
ftr-385	188	2	andrews	andrews	PROPN
ftr-385	188	3	,	,	PUNCT
ftr-385	188	4	supra	supra	PROPN
ftr-385	188	5	note	note	PROPN
ftr-385	188	6	5	5	NUM
ftr-385	188	7	,	,	PUNCT
ftr-385	188	8	at	at	ADP
ftr-385	188	9	18	18	NUM
ftr-385	188	10	(	(	PUNCT
ftr-385	188	11	“	"	PUNCT
ftr-385	188	12	in	in	ADP
ftr-385	188	13	a	a	DET
ftr-385	188	14	sense	sense	NOUN
ftr-385	188	15	,	,	PUNCT
ftr-385	188	16	it	it	PRON
ftr-385	188	17	is	be	AUX
ftr-385	188	18	quite	quite	ADV
ftr-385	188	19	remarkable	remarkable	ADJ
ftr-385	188	20	that	that	SCONJ
ftr-385	188	21	a	a	DET
ftr-385	188	22	single	single	ADJ
ftr-385	188	23	adjustment	adjustment	NOUN
ftr-385	188	24	,	,	PUNCT
ftr-385	188	25	defined	define	VERB
ftr-385	188	26	in	in	ADP
ftr-385	188	27	one	one	NUM
ftr-385	188	28	way	way	NOUN
ftr-385	188	29	,	,	PUNCT
ftr-385	188	30	can	can	AUX
ftr-385	188	31	serve	serve	VERB
ftr-385	188	32	two	two	NUM
ftr-385	188	33	such	such	ADJ
ftr-385	188	34	distinct	distinct	ADJ
ftr-385	188	35	purposes	purpose	NOUN
ftr-385	188	36	as	as	ADP
ftr-385	188	37	reflecting	reflect	VERB
ftr-385	188	38	cost	cost	NOUN
ftr-385	188	39	on	on	ADP
ftr-385	188	40	a	a	DET
ftr-385	188	41	purchase	purchase	NOUN
ftr-385	188	42	and	and	CCONJ
ftr-385	188	43	preserving	preserve	VERB
ftr-385	188	44	taxability	taxability	NOUN
ftr-385	188	45	.	.	PUNCT
ftr-385	188	46	.	.	PUNCT
ftr-385	189	1	.	.	PUNCT
ftr-385	190	1	in	in	ADP
ftr-385	190	2	a	a	DET
ftr-385	190	3	nonrecognition	nonrecognition	NOUN
ftr-385	190	4	disposition	disposition	NOUN
ftr-385	190	5	.	.	PUNCT
ftr-385	190	6	”	"	PUNCT
ftr-385	190	7	)	)	PUNCT
ftr-385	190	8	.	.	PUNCT
ftr-385	191	1	36	36	NUM
ftr-385	191	2	.	.	PUNCT
ftr-385	192	1	until	until	ADP
ftr-385	192	2	recently	recently	ADV
ftr-385	192	3	,	,	PUNCT
ftr-385	192	4	the	the	DET
ftr-385	192	5	main	main	ADJ
ftr-385	192	6	difference	difference	NOUN
ftr-385	192	7	was	be	AUX
ftr-385	192	8	that	that	PRON
ftr-385	192	9	§	§	PROPN
ftr-385	192	10	734(b	734(b	PROPN
ftr-385	192	11	)	)	PUNCT
ftr-385	192	12	adjustments	adjustment	NOUN
ftr-385	192	13	were	be	AUX
ftr-385	192	14	entirely	entirely	ADV
ftr-385	192	15	optional	optional	ADJ
ftr-385	192	16	.	.	PUNCT
ftr-385	193	1	since	since	SCONJ
ftr-385	193	2	2004	2004	NUM
ftr-385	193	3	,	,	PUNCT
ftr-385	193	4	§	§	PROPN
ftr-385	193	5	734(a	734(a	PROPN
ftr-385	193	6	)	)	PUNCT
ftr-385	193	7	has	have	AUX
ftr-385	193	8	provided	provide	VERB
ftr-385	193	9	that	that	SCONJ
ftr-385	193	10	§	§	PROPN
ftr-385	193	11	734(b	734(b	PROPN
ftr-385	193	12	)	)	PUNCT
ftr-385	193	13	adjustments	adjustment	NOUN
ftr-385	193	14	are	be	AUX
ftr-385	193	15	mandatory	mandatory	ADJ
ftr-385	193	16	if	if	SCONJ
ftr-385	193	17	the	the	DET
ftr-385	193	18	partnership	partnership	NOUN
ftr-385	193	19	has	have	VERB
ftr-385	193	20	a	a	DET
ftr-385	193	21	§	§	ADJ
ftr-385	193	22	754	754	NUM
ftr-385	193	23	election	election	NOUN
ftr-385	193	24	in	in	ADP
ftr-385	193	25	effect	effect	NOUN
ftr-385	193	26	or	or	CCONJ
ftr-385	193	27	“	"	PUNCT
ftr-385	193	28	there	there	PRON
ftr-385	193	29	is	be	VERB
ftr-385	193	30	a	a	DET
ftr-385	193	31	substantial	substantial	ADJ
ftr-385	193	32	basis	basis	NOUN
ftr-385	193	33	reduction	reduction	NOUN
ftr-385	193	34	.	.	PUNCT
ftr-385	193	35	”	"	PUNCT
ftr-385	194	1	see	see	VERB
ftr-385	194	2	american	american	ADJ
ftr-385	194	3	jobs	job	NOUN
ftr-385	194	4	creation	creation	PROPN
ftr-385	194	5	act	act	NOUN
ftr-385	194	6	of	of	ADP
ftr-385	194	7	2004	2004	NUM
ftr-385	194	8	,	,	PUNCT
ftr-385	194	9	pub	pub	NOUN
ftr-385	194	10	.	.	PUNCT
ftr-385	195	1	l.	l.	PROPN
ftr-385	195	2	no	no	INTJ
ftr-385	195	3	.	.	PROPN
ftr-385	196	1	108	108	NUM
ftr-385	196	2	-	-	SYM
ftr-385	196	3	357	357	NUM
ftr-385	196	4	,	,	PUNCT
ftr-385	196	5	118	118	NUM
ftr-385	196	6	stat	stat	NOUN
ftr-385	196	7	.	.	PUNCT
ftr-385	197	1	1418	1418	NUM
ftr-385	197	2	,	,	PUNCT
ftr-385	197	3	1589	1589	NUM
ftr-385	197	4	,	,	PUNCT
ftr-385	197	5	1591	1591	NUM
ftr-385	197	6	-	-	SYM
ftr-385	197	7	92	92	NUM
ftr-385	197	8	(	(	PUNCT
ftr-385	197	9	2004	2004	NUM
ftr-385	197	10	)	)	PUNCT
ftr-385	198	1	(	(	PUNCT
ftr-385	198	2	amending	amend	VERB
ftr-385	198	3	§	§	PROPN
ftr-385	198	4	§	§	PROPN
ftr-385	198	5	734	734	NUM
ftr-385	198	6	and	and	CCONJ
ftr-385	198	7	743	743	NUM
ftr-385	198	8	)	)	PUNCT
ftr-385	198	9	.	.	PUNCT
ftr-385	199	1	the	the	DET
ftr-385	199	2	regulations	regulation	NOUN
ftr-385	199	3	under	under	ADP
ftr-385	199	4	§	§	PROPN
ftr-385	199	5	755	755	NUM
ftr-385	199	6	now	now	ADV
ftr-385	199	7	permit	permit	VERB
ftr-385	199	8	“	"	PUNCT
ftr-385	199	9	wrong	wrong	ADJ
ftr-385	199	10	-	-	PUNCT
ftr-385	199	11	way	way	NOUN
ftr-385	199	12	”	"	PUNCT
ftr-385	199	13	adjustments	adjustment	NOUN
ftr-385	199	14	that	that	PRON
ftr-385	199	15	increase	increase	VERB
ftr-385	199	16	the	the	DET
ftr-385	199	17	disparity	disparity	NOUN
ftr-385	199	18	between	between	ADP
ftr-385	199	19	basis	basis	NOUN
ftr-385	199	20	and	and	CCONJ
ftr-385	199	21	fair	fair	ADJ
ftr-385	199	22	market	market	NOUN
ftr-385	199	23	value	value	NOUN
ftr-385	199	24	to	to	PART
ftr-385	199	25	preserve	preserve	VERB
ftr-385	199	26	shares	share	NOUN
ftr-385	199	27	of	of	ADP
ftr-385	199	28	unrealized	unrealized	ADJ
ftr-385	199	29	gain	gain	NOUN
ftr-385	199	30	(	(	PUNCT
ftr-385	199	31	or	or	CCONJ
ftr-385	199	32	loss	loss	NOUN
ftr-385	199	33	)	)	PUNCT
ftr-385	199	34	for	for	ADP
ftr-385	199	35	future	future	ADJ
ftr-385	199	36	taxation	taxation	NOUN
ftr-385	199	37	.	.	PUNCT
ftr-385	200	1	see	see	VERB
ftr-385	200	2	reg	reg	NOUN
ftr-385	200	3	.	.	PUNCT
ftr-385	201	1	§	§	PROPN
ftr-385	201	2	1.755	1.755	NUM
ftr-385	201	3	-	-	SYM
ftr-385	201	4	1(c	1(c	NUM
ftr-385	201	5	)	)	PUNCT
ftr-385	201	6	.	.	PUNCT
ftr-385	202	1	37	37	NUM
ftr-385	202	2	.	.	PUNCT
ftr-385	203	1	the	the	DET
ftr-385	203	2	collapsible	collapsible	ADJ
ftr-385	203	3	partnership	partnership	NOUN
ftr-385	203	4	rules	rule	NOUN
ftr-385	203	5	were	be	AUX
ftr-385	203	6	needed	need	VERB
ftr-385	203	7	to	to	PART
ftr-385	203	8	prevent	prevent	VERB
ftr-385	203	9	conversion	conversion	NOUN
ftr-385	203	10	of	of	ADP
ftr-385	203	11	ordinary	ordinary	ADJ
ftr-385	203	12	income	income	NOUN
ftr-385	203	13	into	into	ADP
ftr-385	203	14	capital	capital	NOUN
ftr-385	203	15	gain	gain	NOUN
ftr-385	203	16	through	through	ADP
ftr-385	203	17	the	the	DET
ftr-385	203	18	“	"	PUNCT
ftr-385	203	19	simple	simple	ADJ
ftr-385	203	20	device	device	NOUN
ftr-385	203	21	of	of	ADP
ftr-385	203	22	a	a	DET
ftr-385	203	23	disproportionate	disproportionate	ADJ
ftr-385	203	24	distribution	distribution	NOUN
ftr-385	203	25	.	.	PUNCT
ftr-385	203	26	”	"	PUNCT
ftr-385	204	1	surrey	surrey	PROPN
ftr-385	204	2	&	&	CCONJ
ftr-385	204	3	warren	warren	PROPN
ftr-385	204	4	,	,	PUNCT
ftr-385	204	5	supra	supra	PROPN
ftr-385	204	6	note	note	NOUN
ftr-385	204	7	7	7	NUM
ftr-385	204	8	,	,	PUNCT
ftr-385	204	9	at	at	ADP
ftr-385	204	10	1172	1172	NUM
ftr-385	204	11	.	.	PUNCT
ftr-385	205	1	38	38	NUM
ftr-385	205	2	.	.	PUNCT
ftr-385	206	1	see	see	VERB
ftr-385	206	2	i	i	PRON
ftr-385	206	3	d.	d.	PROPN
ftr-385	206	4	at	at	ADP
ftr-385	206	5	1172	1172	NUM
ftr-385	206	6	-	-	SYM
ftr-385	206	7	75	75	NUM
ftr-385	206	8	.	.	PUNCT
ftr-385	207	1	continuing	continue	VERB
ftr-385	207	2	partners	partner	NOUN
ftr-385	207	3	.	.	PUNCT
ftr-385	208	1	in	in	ADP
ftr-385	208	2	the	the	DET
ftr-385	208	3	case	case	NOUN
ftr-385	208	4	of	of	ADP
ftr-385	208	5	a	a	DET
ftr-385	208	6	cash	cash	NOUN
ftr-385	208	7	liquidating	liquidating	NOUN
ftr-385	208	8	distribution	distribution	NOUN
ftr-385	208	9	,	,	PUNCT
ftr-385	208	10	section35	section35	NOUN
ftr-385	208	11	734(b	734(b	NOUN
ftr-385	208	12	)	)	PUNCT
ftr-385	208	13	adjustments	adjustment	NOUN
ftr-385	208	14	function	function	VERB
ftr-385	208	15	in	in	ADP
ftr-385	208	16	a	a	DET
ftr-385	208	17	manner	manner	NOUN
ftr-385	208	18	similar	similar	ADJ
ftr-385	208	19	to	to	ADP
ftr-385	208	20	adjustments	adjustment	NOUN
ftr-385	208	21	under	under	ADP
ftr-385	208	22	section	section	NOUN
ftr-385	208	23	743(b	743(b	PROPN
ftr-385	208	24	)	)	PUNCT
ftr-385	208	25	,	,	PUNCT
ftr-385	208	26	the	the	DET
ftr-385	208	27	conceptually	conceptually	ADV
ftr-385	208	28	simpler	simple	ADJ
ftr-385	208	29	provision	provision	NOUN
ftr-385	208	30	relating	relate	VERB
ftr-385	208	31	to	to	ADP
ftr-385	208	32	sales	sale	NOUN
ftr-385	208	33	of	of	ADP
ftr-385	208	34	partnership	partnership	NOUN
ftr-385	208	35	interests	interest	NOUN
ftr-385	208	36	.	.	PUNCT
ftr-385	209	1	since	since	SCONJ
ftr-385	209	2	the	the	DET
ftr-385	209	3	continuing	continue	VERB
ftr-385	209	4	partners	partner	NOUN
ftr-385	209	5	are	be	AUX
ftr-385	209	6	in	in	ADP
ftr-385	209	7	effect	effect	NOUN
ftr-385	209	8	acquiring	acquire	VERB
ftr-385	209	9	the	the	DET
ftr-385	209	10	distributee	distributee	NOUN
ftr-385	209	11	’s	’s	PART
ftr-385	209	12	interest	interest	NOUN
ftr-385	209	13	,	,	PUNCT
ftr-385	209	14	the	the	DET
ftr-385	209	15	implicit	implicit	ADJ
ftr-385	209	16	purchase	purchase	NOUN
ftr-385	209	17	price	price	NOUN
ftr-385	209	18	should	should	AUX
ftr-385	209	19	be	be	AUX
ftr-385	209	20	reflected	reflect	VERB
ftr-385	209	21	in	in	ADP
ftr-385	209	22	their	their	PRON
ftr-385	209	23	basis	basis	NOUN
ftr-385	209	24	in	in	ADP
ftr-385	209	25	the	the	DET
ftr-385	209	26	partnership	partnership	NOUN
ftr-385	209	27	’s	’s	PART
ftr-385	209	28	assets	asset	NOUN
ftr-385	209	29	.	.	PUNCT
ftr-385	210	1	on	on	ADP
ftr-385	210	2	a	a	DET
ftr-385	210	3	nonrecognition	nonrecognition	NOUN
ftr-385	210	4	exchange	exchange	NOUN
ftr-385	210	5	,	,	PUNCT
ftr-385	210	6	section	section	NOUN
ftr-385	210	7	734(b	734(b	PROPN
ftr-385	210	8	)	)	PUNCT
ftr-385	210	9	adjustments	adjustment	NOUN
ftr-385	210	10	to	to	ADP
ftr-385	210	11	common	common	ADJ
ftr-385	210	12	basis	basis	NOUN
ftr-385	210	13	preserve	preserve	VERB
ftr-385	210	14	the	the	DET
ftr-385	210	15	continuing	continue	VERB
ftr-385	210	16	partners	partner	NOUN
ftr-385	210	17	’	'	PUNCT
ftr-385	210	18	shares	share	NOUN
ftr-385	210	19	of	of	ADP
ftr-385	210	20	unrealized	unrealized	ADJ
ftr-385	210	21	appreciation	appreciation	NOUN
ftr-385	210	22	inherent	inherent	ADJ
ftr-385	210	23	in	in	ADP
ftr-385	210	24	retained	retain	VERB
ftr-385	210	25	partnership	partnership	NOUN
ftr-385	210	26	property	property	NOUN
ftr-385	210	27	,	,	PUNCT
ftr-385	210	28	analogous	analogous	ADJ
ftr-385	210	29	to	to	ADP
ftr-385	210	30	other	other	ADJ
ftr-385	210	31	nonrecognition	nonrecognition	NOUN
ftr-385	210	32	provisions	provision	NOUN
ftr-385	210	33	.	.	PUNCT
ftr-385	211	1	36	36	NUM
ftr-385	211	2	the	the	DET
ftr-385	211	3	ali	ali	PROPN
ftr-385	211	4	’s	’s	PART
ftr-385	211	5	1954	1954	NUM
ftr-385	211	6	solution	solution	NOUN
ftr-385	211	7	to	to	ADP
ftr-385	211	8	the	the	DET
ftr-385	211	9	collapsible	collapsible	ADJ
ftr-385	211	10	partnership	partnership	NOUN
ftr-385	211	11	problem	problem	NOUN
ftr-385	211	12	was	be	AUX
ftr-385	211	13	modeled	model	VERB
ftr-385	211	14	closely	closely	ADV
ftr-385	211	15	on	on	ADP
ftr-385	211	16	the	the	DET
ftr-385	211	17	basis	basis	NOUN
ftr-385	211	18	adjustment	adjustment	NOUN
ftr-385	211	19	provisions	provision	NOUN
ftr-385	211	20	of	of	ADP
ftr-385	211	21	section	section	NOUN
ftr-385	211	22	734(b	734(b	PROPN
ftr-385	211	23	)	)	PUNCT
ftr-385	211	24	for	for	ADP
ftr-385	211	25	noncollapsible	noncollapsible	ADJ
ftr-385	211	26	partnerships	partnership	NOUN
ftr-385	211	27	.	.	PUNCT
ftr-385	212	1	to	to	PART
ftr-385	212	2	preserve	preserve	VERB
ftr-385	212	3	the	the	DET
ftr-385	212	4	distributee	distributee	NOUN
ftr-385	212	5	and	and	CCONJ
ftr-385	212	6	nondistributee37	nondistributee37	NOUN
ftr-385	212	7	partners	partner	NOUN
ftr-385	212	8	’	'	PUNCT
ftr-385	212	9	shares	share	NOUN
ftr-385	212	10	of	of	ADP
ftr-385	212	11	hot	hot	ADJ
ftr-385	212	12	(	(	PUNCT
ftr-385	212	13	and	and	CCONJ
ftr-385	212	14	cold	cold	ADJ
ftr-385	212	15	)	)	PUNCT
ftr-385	212	16	asset	asset	NOUN
ftr-385	212	17	gain	gain	NOUN
ftr-385	212	18	following	follow	VERB
ftr-385	212	19	a	a	DET
ftr-385	212	20	disproportionate	disproportionate	ADJ
ftr-385	212	21	distribution	distribution	NOUN
ftr-385	212	22	,	,	PUNCT
ftr-385	212	23	the	the	DET
ftr-385	212	24	ali	ali	PROPN
ftr-385	212	25	looked	look	VERB
ftr-385	212	26	to	to	ADP
ftr-385	212	27	reallocation	reallocation	NOUN
ftr-385	212	28	of	of	ADP
ftr-385	212	29	inside	inside	ADJ
ftr-385	212	30	basis	basis	NOUN
ftr-385	212	31	between	between	ADP
ftr-385	212	32	distributed	distribute	VERB
ftr-385	212	33	and	and	CCONJ
ftr-385	212	34	retained	retain	VERB
ftr-385	212	35	assets	asset	NOUN
ftr-385	212	36	.	.	PUNCT
ftr-385	213	1	accordingly	accordingly	ADV
ftr-385	213	2	,	,	PUNCT
ftr-385	213	3	the	the	DET
ftr-385	213	4	distributee	distributee	NOUN
ftr-385	213	5	was	be	AUX
ftr-385	213	6	treated	treat	VERB
ftr-385	213	7	as	as	ADP
ftr-385	213	8	realizing	realize	VERB
ftr-385	213	9	any38	any38	VERB
ftr-385	213	10	hot	hot	ADJ
ftr-385	213	11	and	and	CCONJ
ftr-385	213	12	cold	cold	ADJ
ftr-385	213	13	asset	asset	NOUN
ftr-385	213	14	gain	gain	NOUN
ftr-385	213	15	attributable	attributable	ADJ
ftr-385	213	16	to	to	ADP
ftr-385	213	17	the	the	DET
ftr-385	213	18	redeemed	redeem	VERB
ftr-385	213	19	partnership	partnership	NOUN
ftr-385	213	20	interest	interest	NOUN
ftr-385	213	21	(	(	PUNCT
ftr-385	213	22	or	or	CCONJ
ftr-385	213	23	portion	portion	NOUN
ftr-385	213	24	thereof	thereof	ADV
ftr-385	213	25	)	)	PUNCT
ftr-385	213	26	as	as	SCONJ
ftr-385	213	27	if	if	SCONJ
ftr-385	213	28	the	the	DET
ftr-385	213	29	partnership	partnership	NOUN
ftr-385	213	30	had	have	AUX
ftr-385	213	31	sold	sell	VERB
ftr-385	213	32	all	all	PRON
ftr-385	213	33	of	of	ADP
ftr-385	213	34	its	its	PRON
ftr-385	213	35	assets	asset	NOUN
ftr-385	213	36	immediately	immediately	ADV
ftr-385	213	37	before	before	ADP
ftr-385	213	38	the	the	DET
ftr-385	213	39	distribution	distribution	NOUN
ftr-385	213	40	.	.	PUNCT
ftr-385	214	1	such	such	ADJ
ftr-385	214	2	realized	realize	VERB
ftr-385	214	3	gain	gain	NOUN
ftr-385	214	4	was	be	AUX
ftr-385	214	5	deferred	defer	VERB
ftr-385	214	6	,	,	PUNCT
ftr-385	214	7	however	however	ADV
ftr-385	214	8	,	,	PUNCT
ftr-385	214	9	to	to	ADP
ftr-385	214	10	the	the	DET
ftr-385	214	11	extent	extent	NOUN
ftr-385	214	12	that	that	SCONJ
ftr-385	214	13	the	the	DET
ftr-385	214	14	distributee	distributee	NOUN
ftr-385	214	15	received	receive	VERB
ftr-385	214	16	hot	hot	ADJ
ftr-385	214	17	or	or	CCONJ
ftr-385	214	18	cold	cold	ADJ
ftr-385	214	19	assets	asset	NOUN
ftr-385	214	20	of	of	ADP
ftr-385	214	21	sufficient	sufficient	ADJ
ftr-385	214	22	value	value	NOUN
ftr-385	214	23	to	to	PART
ftr-385	214	24	absorb	absorb	VERB
ftr-385	214	25	any	any	DET
ftr-385	214	26	required	required	ADJ
ftr-385	214	27	basis	basis	NOUN
ftr-385	214	28	adjustments	adjustment	NOUN
ftr-385	214	29	.	.	PUNCT
ftr-385	215	1	any	any	DET
ftr-385	215	2	increases	increase	NOUN
ftr-385	215	3	or	or	CCONJ
ftr-385	215	4	decreases	decrease	NOUN
ftr-385	215	5	to	to	ADP
ftr-385	215	6	the	the	DET
ftr-385	215	7	basis	basis	NOUN
ftr-385	215	8	of	of	ADP
ftr-385	215	9	the	the	DET
ftr-385	215	10	partnership	partnership	NOUN
ftr-385	215	11	’s	’s	PART
ftr-385	215	12	retained	retain	VERB
ftr-385	215	13	property	property	NOUN
ftr-385	215	14	affected	affect	VERB
ftr-385	215	15	both	both	CCONJ
ftr-385	215	16	the	the	DET
ftr-385	215	17	distributee	distributee	NOUN
ftr-385	215	18	and	and	CCONJ
ftr-385	215	19	nondistributee	nondistributee	NOUN
ftr-385	215	20	partners	partner	NOUN
ftr-385	215	21	in	in	ADP
ftr-385	215	22	proportion	proportion	NOUN
ftr-385	215	23	to	to	ADP
ftr-385	215	24	their	their	PRON
ftr-385	215	25	continuing	continue	VERB
ftr-385	215	26	interests	interest	NOUN
ftr-385	215	27	in	in	ADP
ftr-385	215	28	the	the	DET
ftr-385	215	29	partnership	partnership	NOUN
ftr-385	215	30	.	.	PUNCT
ftr-385	216	1	gain	gain	NOUN
ftr-385	216	2	(	(	PUNCT
ftr-385	216	3	or	or	CCONJ
ftr-385	216	4	loss	loss	NOUN
ftr-385	216	5	)	)	PUNCT
ftr-385	216	6	was	be	AUX
ftr-385	216	7	triggered	trigger	VERB
ftr-385	216	8	to	to	ADP
ftr-385	216	9	the	the	DET
ftr-385	216	10	extent	extent	NOUN
ftr-385	216	11	of	of	ADP
ftr-385	216	12	any	any	DET
ftr-385	216	13	prevented	prevent	VERB
ftr-385	216	14	basis	basis	NOUN
ftr-385	216	15	adjustments	adjustment	NOUN
ftr-385	216	16	.	.	PUNCT
ftr-385	217	1	in	in	ADP
ftr-385	217	2	1954	1954	NUM
ftr-385	217	3	,	,	PUNCT
ftr-385	217	4	the	the	DET
ftr-385	217	5	senate	senate	PROPN
ftr-385	217	6	ultimately	ultimately	ADV
ftr-385	217	7	rejected	reject	VERB
ftr-385	217	8	the	the	DET
ftr-385	217	9	ali	ali	PROPN
ftr-385	217	10	’s	’s	PART
ftr-385	217	11	proposed	propose	VERB
ftr-385	217	12	collapsible	collapsible	NOUN
ftr-385	217	13	partnership	partnership	NOUN
ftr-385	217	14	rule	rule	NOUN
ftr-385	217	15	as	as	ADP
ftr-385	217	16	excessively	excessively	ADV
ftr-385	217	17	complex	complex	ADJ
ftr-385	217	18	and	and	CCONJ
ftr-385	217	19	substituted	substitute	VERB
ftr-385	217	20	the	the	DET
ftr-385	217	21	flawed	flawed	ADJ
ftr-385	217	22	approach	approach	NOUN
ftr-385	217	23	of	of	ADP
ftr-385	217	24	338	338	NUM
ftr-385	217	25	florida	florida	PROPN
ftr-385	217	26	tax	tax	NOUN
ftr-385	217	27	review	review	NOUN
ftr-385	217	28	[	[	X
ftr-385	217	29	vol.8:3	vol.8:3	NOUN
ftr-385	217	30	39	39	NUM
ftr-385	217	31	.	.	PUNCT
ftr-385	218	1	in	in	ADP
ftr-385	218	2	senate	senate	PROPN
ftr-385	218	3	hearings	hearing	NOUN
ftr-385	218	4	in	in	ADP
ftr-385	218	5	march	march	PROPN
ftr-385	218	6	1954	1954	NUM
ftr-385	218	7	,	,	PUNCT
ftr-385	218	8	the	the	DET
ftr-385	218	9	aba	aba	PROPN
ftr-385	218	10	endorsed	endorse	VERB
ftr-385	218	11	the	the	DET
ftr-385	218	12	ali	ali	PROPN
ftr-385	218	13	’s	’s	PART
ftr-385	218	14	approach	approach	NOUN
ftr-385	218	15	to	to	ADP
ftr-385	218	16	the	the	DET
ftr-385	218	17	collapsible	collapsible	ADJ
ftr-385	218	18	partnership	partnership	NOUN
ftr-385	218	19	provision	provision	NOUN
ftr-385	218	20	.	.	PUNCT
ftr-385	219	1	see	see	VERB
ftr-385	219	2	report	report	NOUN
ftr-385	219	3	hearings	hearing	NOUN
ftr-385	219	4	before	before	ADP
ftr-385	219	5	the	the	DET
ftr-385	219	6	committee	committee	NOUN
ftr-385	219	7	on	on	ADP
ftr-385	219	8	finance	finance	NOUN
ftr-385	219	9	,	,	PUNCT
ftr-385	219	10	united	united	PROPN
ftr-385	219	11	states	states	PROPN
ftr-385	219	12	senate	senate	PROPN
ftr-385	219	13	on	on	ADP
ftr-385	219	14	h.r	h.r	PROPN
ftr-385	219	15	.	.	PROPN
ftr-385	219	16	8300	8300	NUM
ftr-385	219	17	,	,	PUNCT
ftr-385	219	18	83d	83d	X
ftr-385	219	19	cong	cong	NOUN
ftr-385	219	20	.	.	PUNCT
ftr-385	220	1	2d	2d	PROPN
ftr-385	220	2	sess	sess	PROPN
ftr-385	220	3	.	.	PUNCT
ftr-385	221	1	(	(	PUNCT
ftr-385	221	2	part	part	NOUN
ftr-385	221	3	i	i	NOUN
ftr-385	221	4	)	)	PUNCT
ftr-385	221	5	,	,	PUNCT
ftr-385	221	6	at	at	ADP
ftr-385	221	7	476	476	NUM
ftr-385	221	8	-	-	SYM
ftr-385	221	9	77	77	NUM
ftr-385	221	10	.	.	PUNCT
ftr-385	222	1	the	the	DET
ftr-385	222	2	aba	aba	PROPN
ftr-385	222	3	criticized	criticize	VERB
ftr-385	222	4	the	the	DET
ftr-385	222	5	house	house	NOUN
ftr-385	222	6	proposals	proposal	NOUN
ftr-385	222	7	for	for	ADP
ftr-385	222	8	failing	fail	VERB
ftr-385	222	9	to	to	PART
ftr-385	222	10	recognize	recognize	VERB
ftr-385	222	11	that	that	SCONJ
ftr-385	222	12	a	a	DET
ftr-385	222	13	nonprorata	nonprorata	ADJ
ftr-385	222	14	distribution	distribution	NOUN
ftr-385	222	15	“	"	PUNCT
ftr-385	222	16	truly	truly	ADV
ftr-385	222	17	represents	represent	VERB
ftr-385	222	18	an	an	DET
ftr-385	222	19	exchange	exchange	NOUN
ftr-385	222	20	of	of	ADP
ftr-385	222	21	the	the	DET
ftr-385	222	22	interests	interest	NOUN
ftr-385	222	23	of	of	ADP
ftr-385	222	24	the	the	DET
ftr-385	222	25	continuing	continue	VERB
ftr-385	222	26	partners	partner	NOUN
ftr-385	222	27	in	in	ADP
ftr-385	222	28	the	the	DET
ftr-385	222	29	distributed	distribute	VERB
ftr-385	222	30	property	property	NOUN
ftr-385	222	31	for	for	ADP
ftr-385	222	32	an	an	DET
ftr-385	222	33	interest	interest	NOUN
ftr-385	222	34	of	of	ADP
ftr-385	222	35	the	the	DET
ftr-385	222	36	distributee	distributee	NOUN
ftr-385	222	37	in	in	ADP
ftr-385	222	38	the	the	DET
ftr-385	222	39	remaining	remain	VERB
ftr-385	222	40	partnership	partnership	NOUN
ftr-385	222	41	property	property	NOUN
ftr-385	222	42	.	.	PUNCT
ftr-385	222	43	”	"	PUNCT
ftr-385	223	1	i	i	PRON
ftr-385	223	2	d.	d.	VERB
ftr-385	223	3	at	at	ADP
ftr-385	223	4	476	476	NUM
ftr-385	223	5	.	.	PUNCT
ftr-385	224	1	40	40	NUM
ftr-385	224	2	.	.	PUNCT
ftr-385	225	1	one	one	NUM
ftr-385	225	2	objection	objection	NOUN
ftr-385	225	3	was	be	AUX
ftr-385	225	4	that	that	SCONJ
ftr-385	225	5	the	the	DET
ftr-385	225	6	ali	ali	PROPN
ftr-385	225	7	’s	’s	PART
ftr-385	225	8	partial	partial	ADJ
ftr-385	225	9	liquidation	liquidation	NOUN
ftr-385	225	10	approach	approach	NOUN
ftr-385	225	11	would	would	AUX
ftr-385	225	12	have	have	AUX
ftr-385	225	13	triggered	trigger	VERB
ftr-385	225	14	mandatory	mandatory	ADJ
ftr-385	225	15	§	§	PROPN
ftr-385	225	16	734(b	734(b	PROPN
ftr-385	225	17	)	)	PUNCT
ftr-385	225	18	adjustments	adjustment	NOUN
ftr-385	225	19	whenever	whenever	SCONJ
ftr-385	225	20	a	a	DET
ftr-385	225	21	nonprorata	nonprorata	ADJ
ftr-385	225	22	distribution	distribution	NOUN
ftr-385	225	23	altered	alter	VERB
ftr-385	225	24	the	the	DET
ftr-385	225	25	partners	partner	NOUN
ftr-385	225	26	’	’	PART
ftr-385	225	27	interests	interest	NOUN
ftr-385	225	28	in	in	ADP
ftr-385	225	29	the	the	DET
ftr-385	225	30	partnership	partnership	NOUN
ftr-385	225	31	.	.	PUNCT
ftr-385	226	1	see	see	VERB
ftr-385	226	2	s.	s.	PROPN
ftr-385	226	3	rep	rep	PROPN
ftr-385	226	4	.	.	PROPN
ftr-385	226	5	no	no	PROPN
ftr-385	226	6	.	.	NOUN
ftr-385	226	7	1622	1622	NUM
ftr-385	226	8	,	,	PUNCT
ftr-385	226	9	83d	83d	NUM
ftr-385	226	10	cong	cong	NOUN
ftr-385	226	11	.	.	PROPN
ftr-385	226	12	,	,	PUNCT
ftr-385	226	13	2d	2d	PROPN
ftr-385	226	14	sess	sess	NOUN
ftr-385	226	15	.	.	PUNCT
ftr-385	227	1	39394	39394	NUM
ftr-385	227	2	(	(	PUNCT
ftr-385	227	3	1954	1954	NUM
ftr-385	227	4	)	)	PUNCT
ftr-385	227	5	.	.	PUNCT
ftr-385	228	1	41	41	NUM
ftr-385	228	2	.	.	PUNCT
ftr-385	229	1	see	see	VERB
ftr-385	229	2	i	i	PRON
ftr-385	229	3	d.	d.	PROPN
ftr-385	229	4	at	at	ADP
ftr-385	229	5	94	94	NUM
ftr-385	229	6	-	-	SYM
ftr-385	229	7	96	96	NUM
ftr-385	229	8	.	.	PUNCT
ftr-385	230	1	42	42	NUM
ftr-385	230	2	.	.	PUNCT
ftr-385	231	1	under	under	ADP
ftr-385	231	2	§	§	PROPN
ftr-385	231	3	732(c	732(c	PROPN
ftr-385	231	4	)	)	PUNCT
ftr-385	231	5	,	,	PUNCT
ftr-385	231	6	the	the	DET
ftr-385	231	7	basis	basis	NOUN
ftr-385	231	8	of	of	ADP
ftr-385	231	9	distributed	distribute	VERB
ftr-385	231	10	hot	hot	ADJ
ftr-385	231	11	assets	asset	NOUN
ftr-385	231	12	can	can	AUX
ftr-385	231	13	never	never	ADV
ftr-385	231	14	be	be	AUX
ftr-385	231	15	higher	high	ADJ
ftr-385	231	16	than	than	ADP
ftr-385	231	17	the	the	DET
ftr-385	231	18	partnership	partnership	NOUN
ftr-385	231	19	’s	’s	PART
ftr-385	231	20	basis	basis	NOUN
ftr-385	231	21	in	in	ADP
ftr-385	231	22	such	such	ADJ
ftr-385	231	23	assets	asset	NOUN
ftr-385	231	24	.	.	PUNCT
ftr-385	232	1	this	this	DET
ftr-385	232	2	basis	basis	NOUN
ftr-385	232	3	limitation	limitation	NOUN
ftr-385	232	4	largely	largely	ADV
ftr-385	232	5	cured	cure	VERB
ftr-385	232	6	the	the	DET
ftr-385	232	7	problem	problem	NOUN
ftr-385	232	8	of	of	ADP
ftr-385	232	9	conversion	conversion	NOUN
ftr-385	232	10	of	of	ADP
ftr-385	232	11	ordinary	ordinary	ADJ
ftr-385	232	12	income	income	NOUN
ftr-385	232	13	into	into	ADP
ftr-385	232	14	capital	capital	NOUN
ftr-385	232	15	gain	gain	NOUN
ftr-385	232	16	that	that	PRON
ftr-385	232	17	arose	arise	VERB
ftr-385	232	18	under	under	ADP
ftr-385	232	19	the	the	DET
ftr-385	232	20	house	house	NOUN
ftr-385	232	21	version	version	NOUN
ftr-385	232	22	of	of	ADP
ftr-385	232	23	the	the	DET
ftr-385	232	24	distribution	distribution	NOUN
ftr-385	232	25	provisions	provision	NOUN
ftr-385	232	26	.	.	PUNCT
ftr-385	233	1	see	see	VERB
ftr-385	233	2	i	i	PRON
ftr-385	233	3	d.	d.	PROPN
ftr-385	233	4	at	at	ADP
ftr-385	233	5	95	95	NUM
ftr-385	233	6	-	-	SYM
ftr-385	233	7	96	96	NUM
ftr-385	233	8	.	.	PUNCT
ftr-385	234	1	43	43	NUM
ftr-385	234	2	.	.	PUNCT
ftr-385	235	1	see	see	PROPN
ftr-385	235	2	andrews	andrews	PROPN
ftr-385	235	3	,	,	PUNCT
ftr-385	235	4	supra	supra	PROPN
ftr-385	235	5	note	note	PROPN
ftr-385	235	6	5	5	NUM
ftr-385	235	7	,	,	PUNCT
ftr-385	235	8	at	at	ADP
ftr-385	235	9	8	8	NUM
ftr-385	235	10	.	.	NUM
ftr-385	235	11	44	44	NUM
ftr-385	235	12	.	.	PUNCT
ftr-385	236	1	see	see	VERB
ftr-385	236	2	i	i	PRON
ftr-385	236	3	d.	d.	PROPN
ftr-385	236	4	at	at	ADP
ftr-385	236	5	12	12	NUM
ftr-385	236	6	-	-	SYM
ftr-385	236	7	13	13	NUM
ftr-385	236	8	.	.	PUNCT
ftr-385	237	1	the	the	DET
ftr-385	237	2	§	§	PROPN
ftr-385	237	3	743(b	743(b	PROPN
ftr-385	237	4	)	)	PUNCT
ftr-385	237	5	regulations	regulation	NOUN
ftr-385	237	6	already	already	ADV
ftr-385	237	7	employ	employ	VERB
ftr-385	237	8	shares	share	NOUN
ftr-385	237	9	of	of	ADP
ftr-385	237	10	inside	inside	ADJ
ftr-385	237	11	basis	basis	NOUN
ftr-385	237	12	to	to	PART
ftr-385	237	13	determine	determine	VERB
ftr-385	237	14	the	the	DET
ftr-385	237	15	amount	amount	NOUN
ftr-385	237	16	of	of	ADP
ftr-385	237	17	the	the	DET
ftr-385	237	18	purchaser	purchaser	NOUN
ftr-385	237	19	’s	’s	PART
ftr-385	237	20	adjustment	adjustment	NOUN
ftr-385	237	21	following	follow	VERB
ftr-385	237	22	a	a	DET
ftr-385	237	23	sale	sale	NOUN
ftr-385	237	24	of	of	ADP
ftr-385	237	25	a	a	DET
ftr-385	237	26	partnership	partnership	NOUN
ftr-385	237	27	interest	interest	NOUN
ftr-385	237	28	.	.	PUNCT
ftr-385	238	1	see	see	VERB
ftr-385	238	2	reg	reg	NOUN
ftr-385	238	3	.	.	PUNCT
ftr-385	239	1	§	§	PROPN
ftr-385	239	2	1.743	1.743	NUM
ftr-385	239	3	-	-	SYM
ftr-385	239	4	1(d	1(d	NUM
ftr-385	239	5	)	)	PUNCT
ftr-385	239	6	.	.	PUNCT
ftr-385	240	1	a	a	DET
ftr-385	240	2	partner	partner	NOUN
ftr-385	240	3	’s	’s	PART
ftr-385	240	4	share	share	NOUN
ftr-385	240	5	of	of	ADP
ftr-385	240	6	inside	inside	ADJ
ftr-385	240	7	basis	basis	NOUN
ftr-385	240	8	is	be	AUX
ftr-385	240	9	equal	equal	ADJ
ftr-385	240	10	to	to	ADP
ftr-385	240	11	current	current	ADJ
ftr-385	240	12	section	section	NOUN
ftr-385	240	13	751(b	751(b	PROPN
ftr-385	240	14	)	)	PUNCT
ftr-385	240	15	.	.	PUNCT
ftr-385	241	1	it	it	PRON
ftr-385	241	2	also	also	ADV
ftr-385	241	3	rejected	reject	VERB
ftr-385	241	4	other	other	ADJ
ftr-385	241	5	key	key	ADJ
ftr-385	241	6	elements	element	NOUN
ftr-385	241	7	of	of	ADP
ftr-385	241	8	the	the	DET
ftr-385	241	9	ali39	ali39	PROPN
ftr-385	241	10	proposals	proposal	NOUN
ftr-385	241	11	,	,	PUNCT
ftr-385	241	12	including	include	VERB
ftr-385	241	13	mandatory	mandatory	ADJ
ftr-385	241	14	section	section	NOUN
ftr-385	241	15	734(b	734(b	PROPN
ftr-385	241	16	)	)	PUNCT
ftr-385	241	17	adjustments	adjustment	NOUN
ftr-385	241	18	and	and	CCONJ
ftr-385	241	19	partial	partial	ADJ
ftr-385	241	20	liquidation	liquidation	NOUN
ftr-385	241	21	treatment	treatment	NOUN
ftr-385	241	22	when	when	SCONJ
ftr-385	241	23	the	the	DET
ftr-385	241	24	distributee	distributee	NOUN
ftr-385	241	25	’s	’s	PART
ftr-385	241	26	interest	interest	NOUN
ftr-385	241	27	was	be	AUX
ftr-385	241	28	reduced	reduce	VERB
ftr-385	241	29	but	but	CCONJ
ftr-385	241	30	not	not	PART
ftr-385	241	31	entirely	entirely	ADV
ftr-385	241	32	eliminated	eliminate	VERB
ftr-385	241	33	.	.	PUNCT
ftr-385	242	1	thus	thus	ADV
ftr-385	242	2	,	,	PUNCT
ftr-385	242	3	section	section	NOUN
ftr-385	242	4	751(b	751(b	PROPN
ftr-385	242	5	)	)	PUNCT
ftr-385	242	6	was	be	AUX
ftr-385	242	7	transformed	transform	VERB
ftr-385	242	8	into	into	ADP
ftr-385	242	9	mainly	mainly	ADV
ftr-385	242	10	a	a	DET
ftr-385	242	11	gain-40	gain-40	PROPN
ftr-385	242	12	recognition	recognition	NOUN
ftr-385	242	13	provision	provision	NOUN
ftr-385	242	14	,	,	PUNCT
ftr-385	242	15	while	while	SCONJ
ftr-385	242	16	section	section	NOUN
ftr-385	242	17	734(b	734(b	PROPN
ftr-385	242	18	)	)	PUNCT
ftr-385	242	19	adjustments	adjustment	NOUN
ftr-385	242	20	survived	survive	VERB
ftr-385	242	21	only	only	ADV
ftr-385	242	22	as	as	ADP
ftr-385	242	23	an	an	DET
ftr-385	242	24	elective	elective	ADJ
ftr-385	242	25	means	mean	NOUN
ftr-385	242	26	of	of	ADP
ftr-385	242	27	adjusting	adjust	VERB
ftr-385	242	28	the	the	DET
ftr-385	242	29	common	common	ADJ
ftr-385	242	30	basis	basis	NOUN
ftr-385	242	31	of	of	ADP
ftr-385	242	32	retained	retain	VERB
ftr-385	242	33	partnership	partnership	NOUN
ftr-385	242	34	assets	asset	NOUN
ftr-385	242	35	following	follow	VERB
ftr-385	242	36	a	a	DET
ftr-385	242	37	non	non	ADJ
ftr-385	242	38	-	-	ADJ
ftr-385	242	39	section	section	ADJ
ftr-385	242	40	751(b	751(b	NOUN
ftr-385	242	41	)	)	PUNCT
ftr-385	242	42	distribution	distribution	NOUN
ftr-385	242	43	.	.	PUNCT
ftr-385	243	1	moreover	moreover	ADV
ftr-385	243	2	,	,	PUNCT
ftr-385	243	3	the	the	DET
ftr-385	243	4	scope	scope	NOUN
ftr-385	243	5	of	of	ADP
ftr-385	243	6	section	section	NOUN
ftr-385	243	7	734(b	734(b	PROPN
ftr-385	243	8	)	)	PUNCT
ftr-385	243	9	was	be	AUX
ftr-385	243	10	radically	radically	ADV
ftr-385	243	11	curtailed	curtail	VERB
ftr-385	243	12	:	:	PUNCT
ftr-385	243	13	distributions	distribution	NOUN
ftr-385	243	14	in	in	ADP
ftr-385	243	15	partial	partial	ADJ
ftr-385	243	16	liquidation	liquidation	NOUN
ftr-385	243	17	of	of	ADP
ftr-385	243	18	a	a	DET
ftr-385	243	19	partner	partner	NOUN
ftr-385	243	20	’s	’s	PART
ftr-385	243	21	interest	interest	NOUN
ftr-385	243	22	were	be	AUX
ftr-385	243	23	treated	treat	VERB
ftr-385	243	24	as	as	ADP
ftr-385	243	25	current	current	ADJ
ftr-385	243	26	rather	rather	ADV
ftr-385	243	27	than	than	ADP
ftr-385	243	28	liquidating	liquidate	VERB
ftr-385	243	29	distributions	distribution	NOUN
ftr-385	243	30	.	.	PUNCT
ftr-385	244	1	under	under	ADP
ftr-385	244	2	the41	the41	NOUN
ftr-385	244	3	transferred	transfer	VERB
ftr-385	244	4	basis	basis	NOUN
ftr-385	244	5	rule	rule	NOUN
ftr-385	244	6	of	of	ADP
ftr-385	244	7	section	section	NOUN
ftr-385	244	8	732(a	732(a	NOUN
ftr-385	244	9	)	)	PUNCT
ftr-385	244	10	applicable	applicable	ADJ
ftr-385	244	11	to	to	ADP
ftr-385	244	12	current	current	ADJ
ftr-385	244	13	distributions	distribution	NOUN
ftr-385	244	14	,	,	PUNCT
ftr-385	244	15	the	the	DET
ftr-385	244	16	distributee	distributee	NOUN
ftr-385	244	17	generally	generally	ADV
ftr-385	244	18	retains	retain	VERB
ftr-385	244	19	the	the	DET
ftr-385	244	20	partnership	partnership	NOUN
ftr-385	244	21	’s	’s	PART
ftr-385	244	22	predistribution	predistribution	PROPN
ftr-385	244	23	basis	basis	NOUN
ftr-385	244	24	in	in	ADP
ftr-385	244	25	distributed	distribute	VERB
ftr-385	244	26	property	property	NOUN
ftr-385	244	27	,	,	PUNCT
ftr-385	244	28	mooting	moot	VERB
ftr-385	244	29	any	any	DET
ftr-385	244	30	section	section	NOUN
ftr-385	244	31	734(b	734(b	NOUN
ftr-385	244	32	)	)	PUNCT
ftr-385	244	33	adjustments	adjustment	NOUN
ftr-385	244	34	.	.	PUNCT
ftr-385	245	1	thus	thus	ADV
ftr-385	245	2	,	,	PUNCT
ftr-385	245	3	section42	section42	VERB
ftr-385	245	4	734(b	734(b	NOUN
ftr-385	245	5	)	)	PUNCT
ftr-385	245	6	adjustments	adjustment	NOUN
ftr-385	245	7	are	be	AUX
ftr-385	245	8	most	most	ADV
ftr-385	245	9	likely	likely	ADJ
ftr-385	245	10	to	to	PART
ftr-385	245	11	be	be	AUX
ftr-385	245	12	triggered	trigger	VERB
ftr-385	245	13	in	in	ADP
ftr-385	245	14	connection	connection	NOUN
ftr-385	245	15	with	with	ADP
ftr-385	245	16	liquidating	liquidating	NOUN
ftr-385	245	17	distributions	distribution	NOUN
ftr-385	245	18	when	when	SCONJ
ftr-385	245	19	distributed	distribute	VERB
ftr-385	245	20	property	property	NOUN
ftr-385	245	21	receives	receive	VERB
ftr-385	245	22	an	an	DET
ftr-385	245	23	exchanged	exchange	VERB
ftr-385	245	24	basis	basis	NOUN
ftr-385	245	25	determined	determine	VERB
ftr-385	245	26	,	,	PUNCT
ftr-385	245	27	under	under	ADP
ftr-385	245	28	section	section	NOUN
ftr-385	245	29	732(b	732(b	PROPN
ftr-385	245	30	)	)	PUNCT
ftr-385	245	31	,	,	PUNCT
ftr-385	245	32	by	by	ADP
ftr-385	245	33	reference	reference	NOUN
ftr-385	245	34	to	to	ADP
ftr-385	245	35	the	the	DET
ftr-385	245	36	distributee	distributee	NOUN
ftr-385	245	37	’s	’s	X
ftr-385	245	38	outside	outside	ADJ
ftr-385	245	39	basis	basis	NOUN
ftr-385	245	40	.	.	PUNCT
ftr-385	246	1	in	in	ADP
ftr-385	246	2	1992	1992	NUM
ftr-385	246	3	,	,	PUNCT
ftr-385	246	4	professor	professor	PROPN
ftr-385	246	5	andrews	andrews	PROPN
ftr-385	246	6	proposed	propose	VERB
ftr-385	246	7	thoroughgoing	thoroughgoe	VERB
ftr-385	246	8	reforms	reform	NOUN
ftr-385	246	9	that	that	PRON
ftr-385	246	10	would	would	AUX
ftr-385	246	11	essentially	essentially	ADV
ftr-385	246	12	refine	refine	VERB
ftr-385	246	13	and	and	CCONJ
ftr-385	246	14	perfect	perfect	VERB
ftr-385	246	15	the	the	DET
ftr-385	246	16	treatment	treatment	NOUN
ftr-385	246	17	of	of	ADP
ftr-385	246	18	partnership	partnership	NOUN
ftr-385	246	19	distributions	distribution	NOUN
ftr-385	246	20	as	as	SCONJ
ftr-385	246	21	envisaged	envisage	VERB
ftr-385	246	22	under	under	ADP
ftr-385	246	23	the	the	DET
ftr-385	246	24	ali	ali	PROPN
ftr-385	246	25	’s	’s	PART
ftr-385	246	26	1954	1954	NUM
ftr-385	246	27	proposals	proposal	NOUN
ftr-385	246	28	.	.	PUNCT
ftr-385	247	1	the	the	DET
ftr-385	247	2	andrews	andrews	PROPN
ftr-385	247	3	proposals	proposal	NOUN
ftr-385	247	4	start	start	VERB
ftr-385	247	5	from	from	ADP
ftr-385	247	6	the	the	DET
ftr-385	247	7	premise	premise	NOUN
ftr-385	247	8	that	that	SCONJ
ftr-385	247	9	section	section	NOUN
ftr-385	247	10	734(b	734(b	PROPN
ftr-385	247	11	)	)	PUNCT
ftr-385	247	12	is	be	AUX
ftr-385	247	13	defective	defective	ADJ
ftr-385	247	14	because	because	SCONJ
ftr-385	247	15	it	it	PRON
ftr-385	247	16	is	be	AUX
ftr-385	247	17	(	(	PUNCT
ftr-385	247	18	mostly	mostly	ADV
ftr-385	247	19	)	)	PUNCT
ftr-385	247	20	optional	optional	ADJ
ftr-385	247	21	.	.	PUNCT
ftr-385	248	1	even	even	ADV
ftr-385	248	2	when	when	SCONJ
ftr-385	248	3	it	it	PRON
ftr-385	248	4	applies	apply	VERB
ftr-385	248	5	,	,	PUNCT
ftr-385	248	6	section	section	NOUN
ftr-385	248	7	734(b	734(b	PROPN
ftr-385	248	8	)	)	PUNCT
ftr-385	248	9	often	often	ADV
ftr-385	248	10	produces	produce	VERB
ftr-385	248	11	the	the	DET
ftr-385	248	12	wrong43	wrong43	ADJ
ftr-385	248	13	adjustment	adjustment	NOUN
ftr-385	248	14	because	because	SCONJ
ftr-385	248	15	is	be	AUX
ftr-385	248	16	determined	determine	VERB
ftr-385	248	17	by	by	ADP
ftr-385	248	18	reference	reference	NOUN
ftr-385	248	19	to	to	ADP
ftr-385	248	20	outside	outside	ADJ
ftr-385	248	21	basis	basis	NOUN
ftr-385	248	22	rather	rather	ADV
ftr-385	248	23	than	than	ADP
ftr-385	248	24	shares	share	NOUN
ftr-385	248	25	of	of	ADP
ftr-385	248	26	inside	inside	ADJ
ftr-385	248	27	basis	basis	NOUN
ftr-385	248	28	.	.	PUNCT
ftr-385	249	1	under	under	ADP
ftr-385	249	2	the	the	DET
ftr-385	249	3	andrews	andrews	PROPN
ftr-385	249	4	proposals	proposal	NOUN
ftr-385	249	5	,	,	PUNCT
ftr-385	249	6	section	section	NOUN
ftr-385	249	7	734(b)44	734(b)44	NOUN
ftr-385	249	8	2007	2007	NUM
ftr-385	249	9	]	]	PUNCT
ftr-385	249	10	taxing	tax	VERB
ftr-385	249	11	hot	hot	ADJ
ftr-385	249	12	asset	asset	NOUN
ftr-385	249	13	shifts	shift	NOUN
ftr-385	249	14	339	339	NUM
ftr-385	249	15	her	her	PRON
ftr-385	249	16	share	share	NOUN
ftr-385	249	17	of	of	ADP
ftr-385	249	18	previously	previously	ADV
ftr-385	249	19	-	-	PUNCT
ftr-385	249	20	taxed	tax	VERB
ftr-385	249	21	capital	capital	NOUN
ftr-385	249	22	plus	plus	CCONJ
ftr-385	249	23	her	her	PRON
ftr-385	249	24	share	share	NOUN
ftr-385	249	25	of	of	ADP
ftr-385	249	26	partnership	partnership	NOUN
ftr-385	249	27	liabilities	liability	NOUN
ftr-385	249	28	.	.	PUNCT
ftr-385	250	1	i	i	PRON
ftr-385	250	2	d.	d.	PROPN
ftr-385	250	3	since	since	SCONJ
ftr-385	250	4	partnership	partnership	NOUN
ftr-385	250	5	liabilities	liability	NOUN
ftr-385	250	6	cancel	cancel	VERB
ftr-385	250	7	out	out	ADP
ftr-385	250	8	,	,	PUNCT
ftr-385	250	9	the	the	DET
ftr-385	250	10	amount	amount	NOUN
ftr-385	250	11	of	of	ADP
ftr-385	250	12	the	the	DET
ftr-385	250	13	§	§	PROPN
ftr-385	250	14	743(b	743(b	PROPN
ftr-385	250	15	)	)	PUNCT
ftr-385	250	16	adjustment	adjustment	NOUN
ftr-385	250	17	may	may	AUX
ftr-385	250	18	be	be	AUX
ftr-385	250	19	determined	determine	VERB
ftr-385	250	20	by	by	ADP
ftr-385	250	21	comparing	compare	VERB
ftr-385	250	22	the	the	DET
ftr-385	250	23	amount	amount	NOUN
ftr-385	250	24	of	of	ADP
ftr-385	250	25	cash	cash	NOUN
ftr-385	250	26	and	and	CCONJ
ftr-385	250	27	the	the	DET
ftr-385	250	28	basis	basis	NOUN
ftr-385	250	29	of	of	ADP
ftr-385	250	30	property	property	NOUN
ftr-385	250	31	distributed	distribute	VERB
ftr-385	250	32	with	with	ADP
ftr-385	250	33	the	the	DET
ftr-385	250	34	distributee	distributee	PROPN
ftr-385	250	35	partner	partner	NOUN
ftr-385	250	36	’s	’s	PART
ftr-385	250	37	interest	interest	NOUN
ftr-385	250	38	in	in	ADP
ftr-385	250	39	partnership	partnership	NOUN
ftr-385	250	40	capital	capital	NOUN
ftr-385	250	41	computed	compute	VERB
ftr-385	250	42	on	on	ADP
ftr-385	250	43	a	a	DET
ftr-385	250	44	tax	tax	NOUN
ftr-385	250	45	(	(	PUNCT
ftr-385	250	46	rather	rather	ADV
ftr-385	250	47	than	than	ADP
ftr-385	250	48	book	book	NOUN
ftr-385	250	49	)	)	PUNCT
ftr-385	250	50	basis	basis	NOUN
ftr-385	250	51	.	.	PUNCT
ftr-385	251	1	see	see	VERB
ftr-385	251	2	andrews	andrews	PROPN
ftr-385	251	3	,	,	PUNCT
ftr-385	251	4	supra	supra	PROPN
ftr-385	251	5	note	note	PROPN
ftr-385	251	6	5	5	NUM
ftr-385	251	7	,	,	PUNCT
ftr-385	251	8	at	at	ADP
ftr-385	251	9	13	13	NUM
ftr-385	251	10	n.45	n.45	NOUN
ftr-385	251	11	.	.	PROPN
ftr-385	252	1	45	45	NUM
ftr-385	252	2	.	.	PUNCT
ftr-385	253	1	see	see	PROPN
ftr-385	253	2	andrews	andrews	PROPN
ftr-385	253	3	,	,	PUNCT
ftr-385	253	4	supra	supra	PROPN
ftr-385	253	5	note	note	PROPN
ftr-385	253	6	5	5	NUM
ftr-385	253	7	,	,	PUNCT
ftr-385	253	8	at	at	ADP
ftr-385	253	9	65	65	NUM
ftr-385	253	10	-	-	SYM
ftr-385	253	11	66	66	NUM
ftr-385	253	12	46	46	NUM
ftr-385	253	13	.	.	PUNCT
ftr-385	254	1	tepid	tepid	ADJ
ftr-385	254	2	assets	asset	NOUN
ftr-385	254	3	would	would	AUX
ftr-385	254	4	consist	consist	VERB
ftr-385	254	5	essentially	essentially	ADV
ftr-385	254	6	of	of	ADP
ftr-385	254	7	§	§	PROPN
ftr-385	254	8	1250	1250	NUM
ftr-385	254	9	real	real	ADJ
ftr-385	254	10	property	property	NOUN
ftr-385	254	11	.	.	PUNCT
ftr-385	255	1	47	47	NUM
ftr-385	255	2	.	.	PUNCT
ftr-385	256	1	see	see	VERB
ftr-385	256	2	i	i	PRON
ftr-385	256	3	d.	d.	PROPN
ftr-385	256	4	at	at	ADP
ftr-385	256	5	53	53	NUM
ftr-385	256	6	-	-	SYM
ftr-385	256	7	54	54	NUM
ftr-385	256	8	.	.	PUNCT
ftr-385	257	1	48	48	NUM
ftr-385	257	2	.	.	PUNCT
ftr-385	258	1	section	section	PROPN
ftr-385	258	2	751(b	751(b	PROPN
ftr-385	258	3	)	)	PUNCT
ftr-385	258	4	would	would	AUX
ftr-385	258	5	be	be	AUX
ftr-385	258	6	modified	modify	VERB
ftr-385	258	7	to	to	PART
ftr-385	258	8	require	require	VERB
ftr-385	258	9	each	each	DET
ftr-385	258	10	partner	partner	NOUN
ftr-385	258	11	and	and	CCONJ
ftr-385	258	12	the	the	DET
ftr-385	258	13	continuing	continue	VERB
ftr-385	258	14	partnership	partnership	NOUN
ftr-385	258	15	to	to	PART
ftr-385	258	16	make	make	VERB
ftr-385	258	17	such	such	ADJ
ftr-385	258	18	basis	basis	NOUN
ftr-385	258	19	adjustments	adjustment	NOUN
ftr-385	258	20	as	as	SCONJ
ftr-385	258	21	needed	need	VERB
ftr-385	258	22	to	to	PART
ftr-385	258	23	preserve	preserve	VERB
ftr-385	258	24	their	their	PRON
ftr-385	258	25	respective	respective	ADJ
ftr-385	258	26	predistribution	predistribution	NOUN
ftr-385	258	27	shares	share	NOUN
ftr-385	258	28	of	of	ADP
ftr-385	258	29	unrealized	unrealized	ADJ
ftr-385	258	30	gain	gain	NOUN
ftr-385	258	31	(	(	PUNCT
ftr-385	258	32	or	or	CCONJ
ftr-385	258	33	loss	loss	NOUN
ftr-385	258	34	)	)	PUNCT
ftr-385	258	35	in	in	ADP
ftr-385	258	36	the	the	DET
ftr-385	258	37	partnership	partnership	NOUN
ftr-385	258	38	’s	’s	PART
ftr-385	258	39	hot	hot	ADJ
ftr-385	258	40	assets	asset	NOUN
ftr-385	258	41	and	and	CCONJ
ftr-385	258	42	other	other	ADJ
ftr-385	258	43	property	property	NOUN
ftr-385	258	44	.	.	PUNCT
ftr-385	259	1	see	see	PROPN
ftr-385	259	2	andrews	andrews	PROPN
ftr-385	259	3	,	,	PUNCT
ftr-385	259	4	supra	supra	PROPN
ftr-385	259	5	note	note	PROPN
ftr-385	259	6	5	5	NUM
ftr-385	259	7	,	,	PUNCT
ftr-385	259	8	at	at	ADP
ftr-385	259	9	55	55	NUM
ftr-385	259	10	.	.	PUNCT
ftr-385	260	1	49	49	NUM
ftr-385	260	2	.	.	PUNCT
ftr-385	261	1	see	see	VERB
ftr-385	261	2	i	i	PRON
ftr-385	261	3	d.	d.	PROPN
ftr-385	261	4	at	at	ADP
ftr-385	261	5	37	37	NUM
ftr-385	261	6	,	,	PUNCT
ftr-385	261	7	39	39	NUM
ftr-385	261	8	.	.	X
ftr-385	262	1	50	50	NUM
ftr-385	262	2	.	.	PUNCT
ftr-385	263	1	see	see	VERB
ftr-385	263	2	i	i	PRON
ftr-385	263	3	d.	d.	PROPN
ftr-385	263	4	at	at	ADP
ftr-385	263	5	46	46	NUM
ftr-385	263	6	-	-	SYM
ftr-385	263	7	47	47	NUM
ftr-385	263	8	.	.	PUNCT
ftr-385	264	1	51	51	NUM
ftr-385	264	2	.	.	PUNCT
ftr-385	265	1	see	see	VERB
ftr-385	265	2	i	i	PRON
ftr-385	265	3	d	d	PROPN
ftr-385	265	4	at	at	ADP
ftr-385	265	5	46	46	NUM
ftr-385	265	6	(	(	PUNCT
ftr-385	265	7	noting	note	VERB
ftr-385	265	8	that	that	SCONJ
ftr-385	265	9	§	§	PROPN
ftr-385	265	10	751(b	751(b	PROPN
ftr-385	265	11	)	)	PUNCT
ftr-385	265	12	imposes	impose	VERB
ftr-385	265	13	“	"	PUNCT
ftr-385	265	14	a	a	DET
ftr-385	265	15	tax	tax	NOUN
ftr-385	266	1	[	[	X
ftr-385	266	2	on	on	ADP
ftr-385	266	3	the	the	DET
ftr-385	266	4	purchasing	purchase	VERB
ftr-385	266	5	partners	partner	NOUN
ftr-385	266	6	]	]	PUNCT
ftr-385	266	7	.	.	PUNCT
ftr-385	266	8	.	.	PUNCT
ftr-385	267	1	.	.	PUNCT
ftr-385	268	1	whose	whose	DET
ftr-385	268	2	purpose	purpose	NOUN
ftr-385	268	3	is	be	AUX
ftr-385	268	4	wholly	wholly	ADV
ftr-385	268	5	obscure	obscure	ADJ
ftr-385	268	6	.	.	PUNCT
ftr-385	268	7	”	"	PUNCT
ftr-385	269	1	indeed	indeed	ADV
ftr-385	269	2	,	,	PUNCT
ftr-385	269	3	this	this	DET
ftr-385	269	4	senseless	senseless	ADJ
ftr-385	269	5	capital	capital	NOUN
ftr-385	269	6	-	-	PUNCT
ftr-385	269	7	gain	gain	NOUN
ftr-385	269	8	tax	tax	NOUN
ftr-385	269	9	stems	stem	NOUN
ftr-385	269	10	from	from	ADP
ftr-385	269	11	the	the	DET
ftr-385	269	12	senate	senate	PROPN
ftr-385	269	13	’s	’s	PART
ftr-385	269	14	hasty	hasty	ADJ
ftr-385	269	15	attempt	attempt	NOUN
ftr-385	269	16	to	to	PART
ftr-385	269	17	convert	convert	VERB
ftr-385	269	18	essentially	essentially	ADV
ftr-385	269	19	a	a	DET
ftr-385	269	20	basis	basis	NOUN
ftr-385	269	21	reallocation	reallocation	NOUN
ftr-385	269	22	adjustments	adjustment	NOUN
ftr-385	269	23	would	would	AUX
ftr-385	269	24	be	be	AUX
ftr-385	269	25	mandatory	mandatory	ADJ
ftr-385	269	26	and	and	CCONJ
ftr-385	269	27	a	a	DET
ftr-385	269	28	distribution	distribution	NOUN
ftr-385	269	29	that	that	PRON
ftr-385	269	30	redeems	redeem	VERB
ftr-385	269	31	a	a	DET
ftr-385	269	32	portion	portion	NOUN
ftr-385	269	33	of	of	ADP
ftr-385	269	34	a	a	DET
ftr-385	269	35	partner	partner	NOUN
ftr-385	269	36	’s	’s	PART
ftr-385	269	37	interest	interest	NOUN
ftr-385	269	38	would	would	AUX
ftr-385	269	39	be	be	AUX
ftr-385	269	40	treated	treat	VERB
ftr-385	269	41	as	as	ADP
ftr-385	269	42	a	a	DET
ftr-385	269	43	partial	partial	ADJ
ftr-385	269	44	liquidation	liquidation	NOUN
ftr-385	269	45	.	.	PUNCT
ftr-385	270	1	mandatory	mandatory	ADJ
ftr-385	270	2	inside45	inside45	NOUN
ftr-385	270	3	basis	basis	NOUN
ftr-385	270	4	adjustments	adjustment	NOUN
ftr-385	270	5	,	,	PUNCT
ftr-385	270	6	coupled	couple	VERB
ftr-385	270	7	with	with	ADP
ftr-385	270	8	partial	partial	ADJ
ftr-385	270	9	liquidation	liquidation	NOUN
ftr-385	270	10	treatment	treatment	NOUN
ftr-385	270	11	,	,	PUNCT
ftr-385	270	12	would	would	AUX
ftr-385	270	13	align	align	VERB
ftr-385	270	14	the	the	DET
ftr-385	270	15	continuing	continue	VERB
ftr-385	270	16	partners	partner	NOUN
ftr-385	270	17	’	'	PUNCT
ftr-385	270	18	(	(	PUNCT
ftr-385	270	19	including	include	VERB
ftr-385	270	20	the	the	DET
ftr-385	270	21	distributee	distributee	NOUN
ftr-385	270	22	’s	’s	PART
ftr-385	270	23	)	)	PUNCT
ftr-385	270	24	post	post	ADJ
ftr-385	270	25	-	-	ADJ
ftr-385	270	26	distribution	distribution	ADJ
ftr-385	270	27	shares	share	NOUN
ftr-385	270	28	of	of	ADP
ftr-385	270	29	inside	inside	ADJ
ftr-385	270	30	basis	basis	NOUN
ftr-385	270	31	,	,	PUNCT
ftr-385	270	32	gain	gain	NOUN
ftr-385	270	33	and	and	CCONJ
ftr-385	270	34	value	value	NOUN
ftr-385	270	35	.	.	PUNCT
ftr-385	271	1	the	the	DET
ftr-385	271	2	andrews	andrews	PROPN
ftr-385	271	3	proposals	proposal	NOUN
ftr-385	271	4	would	would	AUX
ftr-385	271	5	modify	modify	VERB
ftr-385	271	6	the	the	DET
ftr-385	271	7	imputed	impute	VERB
ftr-385	271	8	exchange	exchange	NOUN
ftr-385	271	9	mechanism	mechanism	NOUN
ftr-385	271	10	of	of	ADP
ftr-385	271	11	section	section	NOUN
ftr-385	271	12	751(b	751(b	PROPN
ftr-385	271	13	)	)	PUNCT
ftr-385	271	14	and	and	CCONJ
ftr-385	271	15	expand	expand	VERB
ftr-385	271	16	the	the	DET
ftr-385	271	17	categories	category	NOUN
ftr-385	271	18	of	of	ADP
ftr-385	271	19	section	section	NOUN
ftr-385	271	20	751(b	751(b	PROPN
ftr-385	271	21	)	)	PUNCT
ftr-385	271	22	property	property	NOUN
ftr-385	271	23	to	to	PART
ftr-385	271	24	include	include	VERB
ftr-385	271	25	tepid	tepid	ADJ
ftr-385	271	26	asset	asset	NOUN
ftr-385	271	27	gain	gain	NOUN
ftr-385	271	28	.	.	PUNCT
ftr-385	272	1	the	the	DET
ftr-385	272	2	method	method	NOUN
ftr-385	272	3	of	of	ADP
ftr-385	272	4	allocating	allocate	VERB
ftr-385	272	5	basis46	basis46	ADJ
ftr-385	272	6	adjustments	adjustment	NOUN
ftr-385	272	7	under	under	ADP
ftr-385	272	8	section	section	NOUN
ftr-385	272	9	755	755	NUM
ftr-385	272	10	would	would	AUX
ftr-385	272	11	also	also	ADV
ftr-385	272	12	be	be	AUX
ftr-385	272	13	modified	modify	VERB
ftr-385	272	14	to	to	PART
ftr-385	272	15	prevent	prevent	VERB
ftr-385	272	16	shifting	shift	VERB
ftr-385	272	17	of	of	ADP
ftr-385	272	18	basis	basis	NOUN
ftr-385	272	19	from	from	ADP
ftr-385	272	20	cold	cold	ADJ
ftr-385	272	21	to	to	ADP
ftr-385	272	22	tepid	tepid	ADJ
ftr-385	272	23	assets.47	assets.47	NOUN
ftr-385	272	24	consistent	consistent	ADJ
ftr-385	272	25	with	with	ADP
ftr-385	272	26	the	the	DET
ftr-385	272	27	ali	ali	PROPN
ftr-385	272	28	’s	’s	PART
ftr-385	272	29	1954	1954	NUM
ftr-385	272	30	proposals	proposal	NOUN
ftr-385	272	31	,	,	PUNCT
ftr-385	272	32	the	the	DET
ftr-385	272	33	andrews	andrews	PROPN
ftr-385	272	34	proposals	proposal	NOUN
ftr-385	272	35	would	would	AUX
ftr-385	272	36	reformulate	reformulate	VERB
ftr-385	272	37	section	section	NOUN
ftr-385	272	38	751(b	751(b	PROPN
ftr-385	272	39	)	)	PUNCT
ftr-385	272	40	to	to	PART
ftr-385	272	41	preserve	preserve	VERB
ftr-385	272	42	the	the	DET
ftr-385	272	43	partners	partner	NOUN
ftr-385	272	44	’	'	PUNCT
ftr-385	272	45	shares	share	NOUN
ftr-385	272	46	of	of	ADP
ftr-385	272	47	unrealized	unrealized	ADJ
ftr-385	272	48	gain	gain	NOUN
ftr-385	272	49	through	through	ADP
ftr-385	272	50	basis	basis	NOUN
ftr-385	272	51	reallocation	reallocation	NOUN
ftr-385	272	52	.	.	PUNCT
ftr-385	273	1	gain	gain	NOUN
ftr-385	273	2	(	(	PUNCT
ftr-385	273	3	or	or	CCONJ
ftr-385	273	4	loss	loss	NOUN
ftr-385	273	5	)	)	PUNCT
ftr-385	273	6	would	would	AUX
ftr-385	273	7	be	be	AUX
ftr-385	273	8	triggered	trigger	VERB
ftr-385	273	9	only	only	ADV
ftr-385	273	10	to	to	ADP
ftr-385	273	11	the48	the48	NOUN
ftr-385	273	12	extent	extent	NOUN
ftr-385	273	13	of	of	ADP
ftr-385	273	14	any	any	DET
ftr-385	273	15	prevented	prevent	VERB
ftr-385	273	16	basis	basis	NOUN
ftr-385	273	17	adjustments	adjustment	NOUN
ftr-385	273	18	.	.	PUNCT
ftr-385	274	1	specifically	specifically	ADV
ftr-385	274	2	,	,	PUNCT
ftr-385	274	3	the	the	DET
ftr-385	274	4	andrews49	andrews49	NOUN
ftr-385	274	5	proposals	proposal	NOUN
ftr-385	274	6	would	would	AUX
ftr-385	274	7	replace	replace	VERB
ftr-385	274	8	the	the	DET
ftr-385	274	9	imputed	impute	VERB
ftr-385	274	10	exchange	exchange	NOUN
ftr-385	274	11	mechanism	mechanism	NOUN
ftr-385	274	12	of	of	ADP
ftr-385	274	13	section	section	NOUN
ftr-385	274	14	751(b	751(b	PROPN
ftr-385	274	15	)	)	PUNCT
ftr-385	274	16	with	with	ADP
ftr-385	274	17	a	a	DET
ftr-385	274	18	hot	hot	ADJ
ftr-385	274	19	asset	asset	NOUN
ftr-385	274	20	sale	sale	NOUN
ftr-385	274	21	approach	approach	NOUN
ftr-385	274	22	.	.	PUNCT
ftr-385	275	1	the	the	DET
ftr-385	275	2	imputed	impute	VERB
ftr-385	275	3	exchange	exchange	NOUN
ftr-385	275	4	mechanism	mechanism	NOUN
ftr-385	275	5	often50	often50	NOUN
ftr-385	275	6	needlessly	needlessly	ADV
ftr-385	275	7	triggers	trigger	VERB
ftr-385	275	8	recognition	recognition	NOUN
ftr-385	275	9	of	of	ADP
ftr-385	275	10	capital	capital	NOUN
ftr-385	275	11	gain	gain	NOUN
ftr-385	275	12	to	to	ADP
ftr-385	275	13	those	those	DET
ftr-385	275	14	partners	partner	NOUN
ftr-385	275	15	whose	whose	DET
ftr-385	275	16	shares	share	NOUN
ftr-385	275	17	of	of	ADP
ftr-385	275	18	hot	hot	ADJ
ftr-385	275	19	asset	asset	NOUN
ftr-385	275	20	gain	gain	NOUN
ftr-385	275	21	increase	increase	NOUN
ftr-385	275	22	as	as	ADP
ftr-385	275	23	a	a	DET
ftr-385	275	24	result	result	NOUN
ftr-385	275	25	of	of	ADP
ftr-385	275	26	a	a	DET
ftr-385	275	27	disproportionate	disproportionate	ADJ
ftr-385	275	28	distribution	distribution	NOUN
ftr-385	275	29	(	(	PUNCT
ftr-385	275	30	the	the	DET
ftr-385	275	31	“	"	PUNCT
ftr-385	275	32	purchasing	purchasing	NOUN
ftr-385	275	33	”	"	PUNCT
ftr-385	275	34	partners	partner	NOUN
ftr-385	275	35	)	)	PUNCT
ftr-385	275	36	.	.	PUNCT
ftr-385	276	1	taxing	tax	VERB
ftr-385	276	2	the	the	DET
ftr-385	276	3	purchasing	purchase	VERB
ftr-385	276	4	partners	partner	NOUN
ftr-385	276	5	immediately	immediately	ADV
ftr-385	276	6	results51	results51	VERB
ftr-385	276	7	340	340	NUM
ftr-385	276	8	florida	florida	PROPN
ftr-385	276	9	tax	tax	NOUN
ftr-385	276	10	review	review	NOUN
ftr-385	276	11	[	[	X
ftr-385	276	12	vol.8:3	vol.8:3	NOUN
ftr-385	276	13	provision	provision	NOUN
ftr-385	276	14	that	that	PRON
ftr-385	276	15	preserved	preserve	VERB
ftr-385	276	16	gain	gain	NOUN
ftr-385	276	17	for	for	ADP
ftr-385	276	18	future	future	ADJ
ftr-385	276	19	taxability	taxability	NOUN
ftr-385	276	20	into	into	ADP
ftr-385	276	21	an	an	DET
ftr-385	276	22	imputed	imputed	ADJ
ftr-385	276	23	exchange	exchange	NOUN
ftr-385	276	24	that	that	PRON
ftr-385	276	25	triggered	trigger	VERB
ftr-385	276	26	immediate	immediate	ADJ
ftr-385	276	27	taxation	taxation	NOUN
ftr-385	276	28	to	to	ADP
ftr-385	276	29	the	the	DET
ftr-385	276	30	purchasing	purchasing	NOUN
ftr-385	276	31	and	and	CCONJ
ftr-385	276	32	selling	sell	VERB
ftr-385	276	33	partners	partner	NOUN
ftr-385	276	34	alike	alike	ADV
ftr-385	276	35	.	.	PUNCT
ftr-385	277	1	52	52	NUM
ftr-385	277	2	.	.	PUNCT
ftr-385	278	1	i	i	PRON
ftr-385	278	2	d.	d.	PROPN
ftr-385	278	3	53	53	NUM
ftr-385	278	4	.	.	PUNCT
ftr-385	279	1	the	the	DET
ftr-385	279	2	§	§	PROPN
ftr-385	279	3	704(c	704(c	PROPN
ftr-385	279	4	)	)	PUNCT
ftr-385	279	5	approach	approach	NOUN
ftr-385	279	6	gives	give	VERB
ftr-385	279	7	rise	rise	NOUN
ftr-385	279	8	routinely	routinely	ADV
ftr-385	279	9	to	to	ADP
ftr-385	279	10	ceiling	ceiling	NOUN
ftr-385	279	11	-	-	PUNCT
ftr-385	279	12	rule	rule	NOUN
ftr-385	279	13	problems	problem	NOUN
ftr-385	279	14	that	that	PRON
ftr-385	279	15	could	could	AUX
ftr-385	279	16	conceivably	conceivably	ADV
ftr-385	279	17	be	be	AUX
ftr-385	279	18	cured	cure	VERB
ftr-385	279	19	by	by	ADP
ftr-385	279	20	complex	complex	ADJ
ftr-385	279	21	remedial	remedial	ADJ
ftr-385	279	22	§	§	PROPN
ftr-385	279	23	704(c	704(c	PROPN
ftr-385	279	24	)	)	PUNCT
ftr-385	279	25	allocations	allocation	NOUN
ftr-385	279	26	.	.	PUNCT
ftr-385	280	1	see	see	VERB
ftr-385	280	2	i	i	PRON
ftr-385	280	3	d.	d.	PROPN
ftr-385	280	4	at	at	ADP
ftr-385	280	5	63	63	NUM
ftr-385	280	6	;	;	PUNCT
ftr-385	280	7	reg	reg	NOUN
ftr-385	280	8	.	.	PUNCT
ftr-385	281	1	§	§	PROPN
ftr-385	281	2	1.704	1.704	NUM
ftr-385	281	3	-	-	SYM
ftr-385	281	4	3(d	3(d	NUM
ftr-385	281	5	)	)	PUNCT
ftr-385	281	6	.	.	PUNCT
ftr-385	282	1	54	54	NUM
ftr-385	282	2	.	.	PUNCT
ftr-385	283	1	see	see	PROPN
ftr-385	283	2	andrews	andrews	PROPN
ftr-385	283	3	,	,	PUNCT
ftr-385	283	4	supra	supra	PROPN
ftr-385	283	5	note	note	PROPN
ftr-385	283	6	5	5	NUM
ftr-385	283	7	,	,	PUNCT
ftr-385	283	8	at	at	ADP
ftr-385	283	9	65	65	NUM
ftr-385	283	10	.	.	PUNCT
ftr-385	284	1	55	55	NUM
ftr-385	284	2	.	.	PUNCT
ftr-385	285	1	see	see	VERB
ftr-385	285	2	i	i	PRON
ftr-385	285	3	d.	d.	PROPN
ftr-385	285	4	(	(	PUNCT
ftr-385	285	5	“	"	PUNCT
ftr-385	285	6	fortunately	fortunately	ADV
ftr-385	285	7	,	,	PUNCT
ftr-385	285	8	inside	inside	ADP
ftr-385	285	9	basis	basis	NOUN
ftr-385	285	10	adjustment	adjustment	NOUN
ftr-385	285	11	under	under	ADP
ftr-385	285	12	§	§	PROPN
ftr-385	285	13	734	734	NUM
ftr-385	285	14	offers	offer	VERB
ftr-385	285	15	a	a	DET
ftr-385	285	16	much	much	ADV
ftr-385	285	17	more	more	ADJ
ftr-385	285	18	satisfactory	satisfactory	ADJ
ftr-385	285	19	approach	approach	NOUN
ftr-385	285	20	.	.	PUNCT
ftr-385	285	21	”	"	PUNCT
ftr-385	286	1	)	)	PUNCT
ftr-385	286	2	56	56	NUM
ftr-385	286	3	.	.	PUNCT
ftr-385	287	1	see	see	VERB
ftr-385	287	2	i	i	PRON
ftr-385	287	3	d.	d.	PROPN
ftr-385	287	4	at	at	ADP
ftr-385	287	5	75	75	NUM
ftr-385	287	6	(	(	PUNCT
ftr-385	287	7	noting	note	VERB
ftr-385	287	8	that	that	SCONJ
ftr-385	287	9	proposals	proposal	NOUN
ftr-385	287	10	would	would	AUX
ftr-385	287	11	allow	allow	VERB
ftr-385	287	12	“	"	PUNCT
ftr-385	287	13	simple	simple	ADJ
ftr-385	287	14	accounting	accounting	NOUN
ftr-385	287	15	.	.	PUNCT
ftr-385	287	16	.	.	PUNCT
ftr-385	287	17	.	.	PUNCT
ftr-385	288	1	by	by	ADP
ftr-385	288	2	maintaining	maintain	VERB
ftr-385	288	3	proportionality	proportionality	NOUN
ftr-385	288	4	between	between	ADP
ftr-385	288	5	profit	profit	NOUN
ftr-385	288	6	shares	share	NOUN
ftr-385	288	7	and	and	CCONJ
ftr-385	288	8	shares	share	NOUN
ftr-385	288	9	of	of	ADP
ftr-385	288	10	unrealized	unrealized	ADJ
ftr-385	288	11	gain	gain	NOUN
ftr-385	288	12	in	in	ADP
ftr-385	288	13	the	the	DET
ftr-385	288	14	partnership	partnership	NOUN
ftr-385	288	15	,	,	PUNCT
ftr-385	288	16	”	"	PUNCT
ftr-385	288	17	without	without	ADP
ftr-385	288	18	the	the	DET
ftr-385	288	19	need	need	NOUN
ftr-385	288	20	for	for	ADP
ftr-385	288	21	complex	complex	ADJ
ftr-385	288	22	§	§	PROPN
ftr-385	288	23	704(c	704(c	PROPN
ftr-385	288	24	)	)	PUNCT
ftr-385	288	25	allocations	allocation	NOUN
ftr-385	288	26	)	)	PUNCT
ftr-385	288	27	.	.	PUNCT
ftr-385	289	1	57	57	NUM
ftr-385	289	2	.	.	PUNCT
ftr-385	289	3	see	see	VERB
ftr-385	289	4	i	i	PRON
ftr-385	289	5	d.	d.	PROPN
ftr-385	289	6	at	at	ADP
ftr-385	289	7	46	46	NUM
ftr-385	289	8	-	-	SYM
ftr-385	289	9	47	47	NUM
ftr-385	289	10	.	.	PUNCT
ftr-385	290	1	“	"	PUNCT
ftr-385	290	2	from	from	ADP
ftr-385	290	3	following	follow	VERB
ftr-385	290	4	through	through	ADP
ftr-385	290	5	relentlessly	relentlessly	ADV
ftr-385	290	6	on	on	ADP
ftr-385	290	7	the	the	DET
ftr-385	290	8	logic	logic	NOUN
ftr-385	290	9	of	of	ADP
ftr-385	290	10	an	an	DET
ftr-385	290	11	imputed	imputed	ADJ
ftr-385	290	12	exchange	exchange	NOUN
ftr-385	290	13	.	.	PUNCT
ftr-385	290	14	”52	”52	PUNCT
ftr-385	290	15	while	while	SCONJ
ftr-385	290	16	the	the	DET
ftr-385	290	17	taxable	taxable	ADJ
ftr-385	290	18	exchange	exchange	NOUN
ftr-385	290	19	model	model	NOUN
ftr-385	290	20	is	be	AUX
ftr-385	290	21	understandable	understandable	ADJ
ftr-385	290	22	in	in	ADP
ftr-385	290	23	light	light	NOUN
ftr-385	290	24	of	of	ADP
ftr-385	290	25	the	the	DET
ftr-385	290	26	legislative	legislative	ADJ
ftr-385	290	27	history	history	NOUN
ftr-385	290	28	of	of	ADP
ftr-385	290	29	§	§	PROPN
ftr-385	290	30	751(b	751(b	PROPN
ftr-385	290	31	)	)	PUNCT
ftr-385	290	32	,	,	PUNCT
ftr-385	290	33	it	it	PRON
ftr-385	290	34	is	be	AUX
ftr-385	290	35	conceptually	conceptually	ADV
ftr-385	290	36	flawed	flawed	ADJ
ftr-385	290	37	.	.	PUNCT
ftr-385	291	1	since	since	SCONJ
ftr-385	291	2	subchapter	subchapter	NOUN
ftr-385	291	3	k	k	PROPN
ftr-385	291	4	generally	generally	ADV
ftr-385	291	5	allows	allow	VERB
ftr-385	291	6	maximum	maximum	ADJ
ftr-385	291	7	deferral	deferral	NOUN
ftr-385	291	8	of	of	ADP
ftr-385	291	9	gain	gain	NOUN
ftr-385	291	10	on	on	ADP
ftr-385	291	11	an	an	DET
ftr-385	291	12	exchange	exchange	NOUN
ftr-385	291	13	of	of	ADP
ftr-385	291	14	cold	cold	ADJ
ftr-385	291	15	assets	asset	NOUN
ftr-385	291	16	,	,	PUNCT
ftr-385	291	17	the	the	DET
ftr-385	291	18	imputed	impute	VERB
ftr-385	291	19	exchange	exchange	NOUN
ftr-385	291	20	may	may	AUX
ftr-385	291	21	not	not	PART
ftr-385	291	22	serve	serve	VERB
ftr-385	291	23	any	any	DET
ftr-385	291	24	sensible	sensible	ADJ
ftr-385	291	25	tax	tax	NOUN
ftr-385	291	26	policy	policy	NOUN
ftr-385	291	27	.	.	PUNCT
ftr-385	292	1	professor	professor	PROPN
ftr-385	292	2	andrews	andrews	PROPN
ftr-385	292	3	recognized	recognize	VERB
ftr-385	292	4	that	that	SCONJ
ftr-385	292	5	shifting	shift	VERB
ftr-385	292	6	of	of	ADP
ftr-385	292	7	unrealized	unrealized	ADJ
ftr-385	292	8	appreciation	appreciation	NOUN
ftr-385	292	9	could	could	AUX
ftr-385	292	10	,	,	PUNCT
ftr-385	292	11	in	in	ADP
ftr-385	292	12	theory	theory	NOUN
ftr-385	292	13	,	,	PUNCT
ftr-385	292	14	be	be	AUX
ftr-385	292	15	dealt	deal	VERB
ftr-385	292	16	with	with	ADP
ftr-385	292	17	through	through	ADP
ftr-385	292	18	partnership	partnership	NOUN
ftr-385	292	19	revaluations	revaluation	NOUN
ftr-385	292	20	and	and	CCONJ
ftr-385	292	21	extended	extended	ADJ
ftr-385	292	22	section	section	NOUN
ftr-385	292	23	704(c)-type	704(c)-type	NOUN
ftr-385	292	24	allocations	allocation	NOUN
ftr-385	292	25	.	.	PUNCT
ftr-385	293	1	nevertheless	nevertheless	ADV
ftr-385	293	2	,	,	PUNCT
ftr-385	293	3	he	he	PRON
ftr-385	293	4	rejected	reject	VERB
ftr-385	293	5	such	such	ADJ
ftr-385	293	6	“	"	PUNCT
ftr-385	293	7	spectral	spectral	ADJ
ftr-385	293	8	”	"	PUNCT
ftr-385	293	9	section	section	NOUN
ftr-385	293	10	704(c	704(c	PROPN
ftr-385	293	11	)	)	PUNCT
ftr-385	293	12	allocations	allocation	NOUN
ftr-385	293	13	as	as	ADV
ftr-385	293	14	extraordinarily	extraordinarily	ADV
ftr-385	293	15	cumbersome	cumbersome	ADJ
ftr-385	293	16	.	.	PUNCT
ftr-385	294	1	when	when	SCONJ
ftr-385	294	2	appreciated53	appreciated53	PROPN
ftr-385	294	3	property	property	NOUN
ftr-385	294	4	leaves	leave	VERB
ftr-385	294	5	the	the	DET
ftr-385	294	6	partnership	partnership	NOUN
ftr-385	294	7	in	in	ADP
ftr-385	294	8	a	a	DET
ftr-385	294	9	nonprorata	nonprorata	ADJ
ftr-385	294	10	distribution	distribution	NOUN
ftr-385	294	11	,	,	PUNCT
ftr-385	294	12	reverse	reverse	ADJ
ftr-385	294	13	section	section	NOUN
ftr-385	294	14	704(c	704(c	PROPN
ftr-385	294	15	)	)	PUNCT
ftr-385	294	16	allocations	allocation	NOUN
ftr-385	294	17	would	would	AUX
ftr-385	294	18	often	often	ADV
ftr-385	294	19	require	require	VERB
ftr-385	294	20	producing	produce	VERB
ftr-385	294	21	“	"	PUNCT
ftr-385	294	22	gains	gain	NOUN
ftr-385	294	23	for	for	ADP
ftr-385	294	24	the	the	DET
ftr-385	294	25	nondistributee	nondistributee	NOUN
ftr-385	294	26	partners	partner	NOUN
ftr-385	294	27	in	in	ADP
ftr-385	294	28	excess	excess	NOUN
ftr-385	294	29	of	of	ADP
ftr-385	294	30	what	what	PRON
ftr-385	294	31	partnership	partnership	NOUN
ftr-385	294	32	basis	basis	NOUN
ftr-385	294	33	will	will	AUX
ftr-385	294	34	permit	permit	VERB
ftr-385	294	35	at	at	ADP
ftr-385	294	36	the	the	DET
ftr-385	294	37	partnership	partnership	NOUN
ftr-385	294	38	level	level	NOUN
ftr-385	294	39	.	.	PUNCT
ftr-385	294	40	”	"	PUNCT
ftr-385	295	1	thus	thus	ADV
ftr-385	295	2	,	,	PUNCT
ftr-385	295	3	the	the	DET
ftr-385	295	4	section	section	NOUN
ftr-385	295	5	704(c	704(c	NOUN
ftr-385	295	6	)	)	PUNCT
ftr-385	295	7	approach	approach	NOUN
ftr-385	295	8	is	be	AUX
ftr-385	295	9	an	an	DET
ftr-385	295	10	“	"	PUNCT
ftr-385	295	11	unwieldy	unwieldy	ADJ
ftr-385	295	12	way	way	NOUN
ftr-385	295	13	to	to	PART
ftr-385	295	14	deal	deal	VERB
ftr-385	295	15	with	with	ADP
ftr-385	295	16	the54	the54	NOUN
ftr-385	295	17	problem	problem	NOUN
ftr-385	295	18	”	"	PUNCT
ftr-385	295	19	of	of	ADP
ftr-385	295	20	preserving	preserve	VERB
ftr-385	295	21	shares	share	NOUN
ftr-385	295	22	of	of	ADP
ftr-385	295	23	unrealized	unrealized	ADJ
ftr-385	295	24	appreciation	appreciation	NOUN
ftr-385	295	25	.	.	PUNCT
ftr-385	296	1	as	as	ADP
ftr-385	296	2	under	under	ADP
ftr-385	296	3	the	the	DET
ftr-385	296	4	195455	195455	NUM
ftr-385	296	5	ali	ali	PROPN
ftr-385	296	6	proposals	proposal	NOUN
ftr-385	296	7	,	,	PUNCT
ftr-385	296	8	basis	basis	NOUN
ftr-385	296	9	reallocation	reallocation	NOUN
ftr-385	296	10	and	and	CCONJ
ftr-385	296	11	partial	partial	ADJ
ftr-385	296	12	liquidation	liquidation	NOUN
ftr-385	296	13	treatment	treatment	NOUN
ftr-385	296	14	represent	represent	VERB
ftr-385	296	15	the	the	DET
ftr-385	296	16	key	key	NOUN
ftr-385	296	17	to	to	ADP
ftr-385	296	18	achieving	achieve	VERB
ftr-385	296	19	simple	simple	ADJ
ftr-385	296	20	partnership	partnership	NOUN
ftr-385	296	21	accounting	account	VERB
ftr-385	296	22	for	for	ADP
ftr-385	296	23	unrealized	unrealized	ADJ
ftr-385	296	24	gain	gain	NOUN
ftr-385	296	25	following	follow	VERB
ftr-385	296	26	a	a	DET
ftr-385	296	27	nonprorata	nonprorata	ADJ
ftr-385	296	28	distribution	distribution	NOUN
ftr-385	296	29	that	that	PRON
ftr-385	296	30	alters	alter	VERB
ftr-385	296	31	the	the	DET
ftr-385	296	32	partners	partner	NOUN
ftr-385	296	33	’	'	PUNCT
ftr-385	296	34	interests	interest	NOUN
ftr-385	296	35	in	in	ADP
ftr-385	296	36	the	the	DET
ftr-385	296	37	partnership.56	partnership.56	NOUN
ftr-385	296	38	under	under	ADP
ftr-385	296	39	the	the	DET
ftr-385	296	40	andrews	andrews	PROPN
ftr-385	296	41	proposals	proposal	NOUN
ftr-385	296	42	,	,	PUNCT
ftr-385	296	43	the	the	DET
ftr-385	296	44	hot	hot	ADJ
ftr-385	296	45	asset	asset	NOUN
ftr-385	296	46	sale	sale	NOUN
ftr-385	296	47	approach	approach	NOUN
ftr-385	296	48	is	be	AUX
ftr-385	296	49	intended	intend	VERB
ftr-385	296	50	to	to	PART
ftr-385	296	51	minimize	minimize	VERB
ftr-385	296	52	recognition	recognition	NOUN
ftr-385	296	53	of	of	ADP
ftr-385	296	54	capital	capital	NOUN
ftr-385	296	55	gain	gain	NOUN
ftr-385	296	56	and	and	CCONJ
ftr-385	296	57	obviate	obviate	VERB
ftr-385	296	58	the	the	DET
ftr-385	296	59	need	need	NOUN
ftr-385	296	60	to	to	PART
ftr-385	296	61	identify	identify	VERB
ftr-385	296	62	specific	specific	ADJ
ftr-385	296	63	cold	cold	ADJ
ftr-385	296	64	assets	asset	NOUN
ftr-385	296	65	relinquished	relinquish	VERB
ftr-385	296	66	in	in	ADP
ftr-385	296	67	the	the	DET
ftr-385	296	68	section	section	NOUN
ftr-385	296	69	751(b	751(b	PROPN
ftr-385	296	70	)	)	PUNCT
ftr-385	296	71	exchange	exchange	NOUN
ftr-385	296	72	.	.	PUNCT
ftr-385	297	1	a	a	DET
ftr-385	297	2	hot	hot	ADJ
ftr-385	297	3	asset	asset	NOUN
ftr-385	297	4	shift	shift	NOUN
ftr-385	297	5	would	would	AUX
ftr-385	297	6	always	always	ADV
ftr-385	297	7	be	be	AUX
ftr-385	297	8	treated	treat	VERB
ftr-385	297	9	as	as	ADP
ftr-385	297	10	a	a	DET
ftr-385	297	11	one	one	NUM
ftr-385	297	12	-	-	PUNCT
ftr-385	297	13	sided	sided	ADJ
ftr-385	297	14	sale	sale	NOUN
ftr-385	297	15	,	,	PUNCT
ftr-385	297	16	triggering	trigger	VERB
ftr-385	297	17	ordinary	ordinary	ADJ
ftr-385	297	18	income	income	NOUN
ftr-385	297	19	to	to	ADP
ftr-385	297	20	the	the	DET
ftr-385	297	21	selling	selling	NOUN
ftr-385	297	22	partner	partner	NOUN
ftr-385	297	23	.	.	PUNCT
ftr-385	298	1	the	the	DET
ftr-385	298	2	two	two	NUM
ftr-385	298	3	-	-	PUNCT
ftr-385	298	4	sided	sided	ADJ
ftr-385	298	5	exchange	exchange	NOUN
ftr-385	298	6	mechanism	mechanism	NOUN
ftr-385	298	7	of	of	ADP
ftr-385	298	8	section	section	NOUN
ftr-385	298	9	751(b	751(b	PROPN
ftr-385	298	10	)	)	PUNCT
ftr-385	298	11	would	would	AUX
ftr-385	298	12	be57	be57	PROPN
ftr-385	298	13	eliminated	eliminate	VERB
ftr-385	298	14	,	,	PUNCT
ftr-385	298	15	and	and	CCONJ
ftr-385	298	16	the	the	DET
ftr-385	298	17	purchasing	purchase	VERB
ftr-385	298	18	partners	partner	NOUN
ftr-385	298	19	would	would	AUX
ftr-385	298	20	be	be	AUX
ftr-385	298	21	treated	treat	VERB
ftr-385	298	22	as	as	SCONJ
ftr-385	298	23	if	if	SCONJ
ftr-385	298	24	they	they	PRON
ftr-385	298	25	had	have	AUX
ftr-385	298	26	paid	pay	VERB
ftr-385	298	27	cash	cash	NOUN
ftr-385	298	28	for	for	ADP
ftr-385	298	29	their	their	PRON
ftr-385	298	30	increased	increase	VERB
ftr-385	298	31	share	share	NOUN
ftr-385	298	32	of	of	ADP
ftr-385	298	33	hot	hot	ADJ
ftr-385	298	34	assets	asset	NOUN
ftr-385	298	35	.	.	PUNCT
ftr-385	299	1	while	while	SCONJ
ftr-385	299	2	a	a	DET
ftr-385	299	3	one	one	NUM
ftr-385	299	4	-	-	PUNCT
ftr-385	299	5	sided	sided	ADJ
ftr-385	299	6	sale	sale	NOUN
ftr-385	299	7	of	of	ADP
ftr-385	299	8	hot	hot	ADJ
ftr-385	299	9	assets	asset	NOUN
ftr-385	299	10	may	may	AUX
ftr-385	299	11	leave	leave	VERB
ftr-385	299	12	a	a	DET
ftr-385	299	13	distributee	distributee	NOUN
ftr-385	299	14	with	with	ADP
ftr-385	299	15	insufficient	insufficient	ADJ
ftr-385	299	16	outside	outside	ADJ
ftr-385	299	17	basis	basis	NOUN
ftr-385	299	18	to	to	PART
ftr-385	299	19	absorb	absorb	VERB
ftr-385	299	20	the	the	DET
ftr-385	299	21	increased	increase	VERB
ftr-385	299	22	inside	inside	ADJ
ftr-385	299	23	basis	basis	NOUN
ftr-385	299	24	of	of	ADP
ftr-385	299	25	hot	hot	ADJ
ftr-385	299	26	assets	asset	NOUN
ftr-385	299	27	,	,	PUNCT
ftr-385	299	28	professor	professor	NOUN
ftr-385	299	29	andrews	andrews	PROPN
ftr-385	299	30	concluded	conclude	VERB
ftr-385	299	31	that	that	SCONJ
ftr-385	299	32	“	"	PUNCT
ftr-385	299	33	this	this	PRON
ftr-385	299	34	is	be	AUX
ftr-385	299	35	not	not	PART
ftr-385	299	36	a	a	DET
ftr-385	299	37	convincing	convincing	ADJ
ftr-385	299	38	defense	defense	NOUN
ftr-385	299	39	of	of	ADP
ftr-385	299	40	the	the	DET
ftr-385	299	41	exchange	exchange	NOUN
ftr-385	299	42	rule	rule	NOUN
ftr-385	299	43	,	,	PUNCT
ftr-385	299	44	which	which	PRON
ftr-385	299	45	imputes	impute	VERB
ftr-385	299	46	gain	gain	NOUN
ftr-385	299	47	(	(	PUNCT
ftr-385	299	48	or	or	CCONJ
ftr-385	299	49	loss	loss	NOUN
ftr-385	299	50	)	)	PUNCT
ftr-385	299	51	in	in	ADP
ftr-385	299	52	many	many	ADJ
ftr-385	299	53	cases	case	NOUN
ftr-385	299	54	where	where	SCONJ
ftr-385	299	55	there	there	PRON
ftr-385	299	56	is	be	VERB
ftr-385	299	57	no	no	DET
ftr-385	299	58	problem	problem	NOUN
ftr-385	299	59	of	of	ADP
ftr-385	299	60	insufficient	insufficient	ADJ
ftr-385	299	61	outside	outside	ADJ
ftr-385	299	62	basis	basis	NOUN
ftr-385	299	63	,	,	PUNCT
ftr-385	299	64	and	and	CCONJ
ftr-385	299	65	fails	fail	VERB
ftr-385	299	66	to	to	ADP
ftr-385	299	67	2007	2007	NUM
ftr-385	299	68	]	]	PUNCT
ftr-385	299	69	taxing	tax	VERB
ftr-385	299	70	hot	hot	ADJ
ftr-385	299	71	asset	asset	NOUN
ftr-385	299	72	shifts	shift	NOUN
ftr-385	299	73	341	341	NUM
ftr-385	299	74	58	58	NUM
ftr-385	299	75	.	.	PUNCT
ftr-385	300	1	i	i	PRON
ftr-385	300	2	d.	d.	PROPN
ftr-385	300	3	at	at	ADP
ftr-385	300	4	47	47	NUM
ftr-385	300	5	.	.	PUNCT
ftr-385	301	1	59	59	NUM
ftr-385	301	2	.	.	PUNCT
ftr-385	302	1	cf	cf	NOUN
ftr-385	302	2	.	.	PUNCT
ftr-385	303	1	reg	reg	NOUN
ftr-385	303	2	.	.	PUNCT
ftr-385	304	1	§	§	PROPN
ftr-385	304	2	1.755	1.755	NUM
ftr-385	304	3	-	-	SYM
ftr-385	304	4	1(c)(4	1(c)(4	NUM
ftr-385	304	5	)	)	PUNCT
ftr-385	304	6	(	(	PUNCT
ftr-385	304	7	deferring	defer	VERB
ftr-385	304	8	§	§	PROPN
ftr-385	304	9	734(b	734(b	PROPN
ftr-385	304	10	)	)	PUNCT
ftr-385	304	11	adjustment	adjustment	NOUN
ftr-385	304	12	if	if	SCONJ
ftr-385	304	13	partnership	partnership	NOUN
ftr-385	304	14	lacks	lack	VERB
ftr-385	304	15	property	property	NOUN
ftr-385	304	16	of	of	ADP
ftr-385	304	17	the	the	DET
ftr-385	304	18	proper	proper	ADJ
ftr-385	304	19	class	class	NOUN
ftr-385	304	20	or	or	CCONJ
ftr-385	304	21	has	have	VERB
ftr-385	304	22	insufficient	insufficient	ADJ
ftr-385	304	23	basis	basis	NOUN
ftr-385	304	24	)	)	PUNCT
ftr-385	304	25	.	.	PUNCT
ftr-385	305	1	60	60	NUM
ftr-385	305	2	.	.	PUNCT
ftr-385	306	1	see	see	PROPN
ftr-385	306	2	andrews	andrews	PROPN
ftr-385	306	3	,	,	PUNCT
ftr-385	306	4	supra	supra	PROPN
ftr-385	306	5	note	note	PROPN
ftr-385	306	6	5	5	NUM
ftr-385	306	7	,	,	PUNCT
ftr-385	306	8	at	at	ADP
ftr-385	306	9	53	53	NUM
ftr-385	306	10	;	;	PUNCT
ftr-385	306	11	see	see	VERB
ftr-385	306	12	i	i	PRON
ftr-385	306	13	d.	d.	PROPN
ftr-385	306	14	at	at	ADP
ftr-385	306	15	37	37	NUM
ftr-385	306	16	,	,	PUNCT
ftr-385	306	17	39	39	NUM
ftr-385	306	18	(	(	PUNCT
ftr-385	306	19	allowing	allow	VERB
ftr-385	306	20	reduction	reduction	NOUN
ftr-385	306	21	to	to	ADP
ftr-385	306	22	basis	basis	NOUN
ftr-385	306	23	of	of	ADP
ftr-385	306	24	“	"	PUNCT
ftr-385	306	25	hotter	hot	ADJ
ftr-385	306	26	”	"	PUNCT
ftr-385	306	27	property	property	NOUN
ftr-385	306	28	to	to	PART
ftr-385	306	29	avoid	avoid	VERB
ftr-385	306	30	immediate	immediate	ADJ
ftr-385	306	31	gain	gain	NOUN
ftr-385	306	32	recognition	recognition	NOUN
ftr-385	306	33	)	)	PUNCT
ftr-385	306	34	.	.	PUNCT
ftr-385	307	1	correct	correct	VERB
ftr-385	307	2	many	many	ADJ
ftr-385	307	3	other	other	ADJ
ftr-385	307	4	cases	case	NOUN
ftr-385	307	5	of	of	ADP
ftr-385	307	6	insufficient	insufficient	ADJ
ftr-385	307	7	outside	outside	ADJ
ftr-385	307	8	basis	basis	NOUN
ftr-385	307	9	.	.	PUNCT
ftr-385	307	10	”	"	PUNCT
ftr-385	308	1	rather	rather	ADV
ftr-385	308	2	,	,	PUNCT
ftr-385	308	3	basis	basis	NOUN
ftr-385	308	4	shortfalls58	shortfalls58	NOUN
ftr-385	308	5	would	would	AUX
ftr-385	308	6	be	be	AUX
ftr-385	308	7	handled	handle	VERB
ftr-385	308	8	by	by	ADP
ftr-385	308	9	requiring	require	VERB
ftr-385	308	10	gain	gain	NOUN
ftr-385	308	11	recognition	recognition	NOUN
ftr-385	308	12	to	to	ADP
ftr-385	308	13	the	the	DET
ftr-385	308	14	extent	extent	NOUN
ftr-385	308	15	of	of	ADP
ftr-385	308	16	any	any	DET
ftr-385	308	17	prevented	prevent	VERB
ftr-385	308	18	basis	basis	NOUN
ftr-385	308	19	adjustments	adjustment	NOUN
ftr-385	308	20	.	.	PUNCT
ftr-385	309	1	59	59	NUM
ftr-385	309	2	under	under	ADP
ftr-385	309	3	the	the	DET
ftr-385	309	4	andrews	andrews	PROPN
ftr-385	309	5	proposals	proposal	NOUN
ftr-385	309	6	,	,	PUNCT
ftr-385	309	7	a	a	DET
ftr-385	309	8	distributee	distributee	NOUN
ftr-385	309	9	with	with	ADP
ftr-385	309	10	insufficient	insufficient	ADJ
ftr-385	309	11	outside	outside	ADJ
ftr-385	309	12	basis	basis	NOUN
ftr-385	309	13	to	to	PART
ftr-385	309	14	absorb	absorb	VERB
ftr-385	309	15	the	the	DET
ftr-385	309	16	partnership	partnership	NOUN
ftr-385	309	17	’s	’s	PART
ftr-385	309	18	basis	basis	NOUN
ftr-385	309	19	in	in	ADP
ftr-385	309	20	distributed	distribute	VERB
ftr-385	309	21	hot	hot	ADJ
ftr-385	309	22	assets	asset	NOUN
ftr-385	309	23	would	would	AUX
ftr-385	309	24	generally	generally	ADV
ftr-385	309	25	recognize	recognize	VERB
ftr-385	309	26	capital	capital	NOUN
ftr-385	309	27	gain	gain	NOUN
ftr-385	309	28	immediately	immediately	ADV
ftr-385	309	29	,	,	PUNCT
ftr-385	309	30	unless	unless	SCONJ
ftr-385	309	31	the	the	DET
ftr-385	309	32	distributee	distributee	NOUN
ftr-385	309	33	elected	elect	VERB
ftr-385	309	34	to	to	PART
ftr-385	309	35	reduce	reduce	VERB
ftr-385	309	36	the	the	DET
ftr-385	309	37	basis	basis	NOUN
ftr-385	309	38	of	of	ADP
ftr-385	309	39	distributed	distribute	VERB
ftr-385	309	40	hot	hot	ADJ
ftr-385	309	41	assets	asset	NOUN
ftr-385	309	42	.	.	PUNCT
ftr-385	310	1	such	such	ADJ
ftr-385	310	2	gain	gain	NOUN
ftr-385	310	3	recognition	recognition	NOUN
ftr-385	310	4	would	would	AUX
ftr-385	310	5	be	be	AUX
ftr-385	310	6	the	the	DET
ftr-385	310	7	implicit60	implicit60	NOUN
ftr-385	310	8	cost	cost	VERB
ftr-385	310	9	to	to	ADP
ftr-385	310	10	the	the	DET
ftr-385	310	11	distributee	distributee	NOUN
ftr-385	310	12	of	of	ADP
ftr-385	310	13	retaining	retain	VERB
ftr-385	310	14	the	the	DET
ftr-385	310	15	partnership	partnership	NOUN
ftr-385	310	16	’s	’s	PART
ftr-385	310	17	increased	increase	VERB
ftr-385	310	18	inside	inside	ADP
ftr-385	310	19	basis	basis	NOUN
ftr-385	310	20	in	in	ADP
ftr-385	310	21	distributed	distribute	VERB
ftr-385	310	22	hot	hot	ADJ
ftr-385	310	23	assets	asset	NOUN
ftr-385	310	24	.	.	PUNCT
ftr-385	311	1	by	by	ADP
ftr-385	311	2	contrast	contrast	NOUN
ftr-385	311	3	,	,	PUNCT
ftr-385	311	4	notice	notice	VERB
ftr-385	311	5	2006	2006	NUM
ftr-385	311	6	-	-	SYM
ftr-385	311	7	14	14	NUM
ftr-385	311	8	would	would	AUX
ftr-385	311	9	not	not	PART
ftr-385	311	10	require	require	VERB
ftr-385	311	11	gain	gain	NOUN
ftr-385	311	12	recognition	recognition	NOUN
ftr-385	311	13	to	to	PART
ftr-385	311	14	remedy	remedy	VERB
ftr-385	311	15	basis	basis	NOUN
ftr-385	311	16	shortfalls	shortfall	NOUN
ftr-385	311	17	even	even	ADV
ftr-385	311	18	if	if	SCONJ
ftr-385	311	19	the	the	DET
ftr-385	311	20	partnership	partnership	NOUN
ftr-385	311	21	has	have	VERB
ftr-385	311	22	a	a	DET
ftr-385	311	23	section	section	NOUN
ftr-385	311	24	754	754	NUM
ftr-385	311	25	election	election	NOUN
ftr-385	311	26	in	in	ADP
ftr-385	311	27	effect	effect	NOUN
ftr-385	311	28	.	.	PUNCT
ftr-385	312	1	instead	instead	ADV
ftr-385	312	2	,	,	PUNCT
ftr-385	312	3	the	the	DET
ftr-385	312	4	distributee	distributee	NOUN
ftr-385	312	5	could	could	AUX
ftr-385	312	6	elect	elect	VERB
ftr-385	312	7	to	to	PART
ftr-385	312	8	recognize	recognize	VERB
ftr-385	312	9	capital	capital	NOUN
ftr-385	312	10	gain	gain	NOUN
ftr-385	312	11	when	when	SCONJ
ftr-385	312	12	necessary	necessary	ADJ
ftr-385	312	13	to	to	PART
ftr-385	312	14	preserve	preserve	VERB
ftr-385	312	15	hot	hot	ADJ
ftr-385	312	16	asset	asset	NOUN
ftr-385	312	17	basis	basis	NOUN
ftr-385	312	18	.	.	PUNCT
ftr-385	313	1	moreover	moreover	ADV
ftr-385	313	2	,	,	PUNCT
ftr-385	313	3	nonliquidating	nonliquidate	VERB
ftr-385	313	4	distributions	distribution	NOUN
ftr-385	313	5	would	would	AUX
ftr-385	313	6	continue	continue	VERB
ftr-385	313	7	to	to	PART
ftr-385	313	8	be	be	AUX
ftr-385	313	9	treated	treat	VERB
ftr-385	313	10	as	as	ADP
ftr-385	313	11	current	current	ADJ
ftr-385	313	12	distributions	distribution	NOUN
ftr-385	313	13	even	even	ADV
ftr-385	313	14	if	if	SCONJ
ftr-385	313	15	nearly	nearly	ADV
ftr-385	313	16	all	all	PRON
ftr-385	313	17	of	of	ADP
ftr-385	313	18	the	the	DET
ftr-385	313	19	distributee	distributee	NOUN
ftr-385	313	20	’s	’s	PART
ftr-385	313	21	interest	interest	NOUN
ftr-385	313	22	in	in	ADP
ftr-385	313	23	the	the	DET
ftr-385	313	24	partnership	partnership	NOUN
ftr-385	313	25	is	be	AUX
ftr-385	313	26	redeemed	redeem	VERB
ftr-385	313	27	.	.	PUNCT
ftr-385	314	1	without	without	ADP
ftr-385	314	2	some	some	DET
ftr-385	314	3	form	form	NOUN
ftr-385	314	4	of	of	ADP
ftr-385	314	5	line	line	NOUN
ftr-385	314	6	-	-	PUNCT
ftr-385	314	7	drawing	drawing	NOUN
ftr-385	314	8	between	between	ADP
ftr-385	314	9	current	current	ADJ
ftr-385	314	10	and	and	CCONJ
ftr-385	314	11	liquidating	liquidating	NOUN
ftr-385	314	12	distributions	distribution	NOUN
ftr-385	314	13	,	,	PUNCT
ftr-385	314	14	a	a	DET
ftr-385	314	15	distributee	distributee	NOUN
ftr-385	314	16	who	who	PRON
ftr-385	314	17	receives	receive	VERB
ftr-385	314	18	excess	excess	ADJ
ftr-385	314	19	cold	cold	ADJ
ftr-385	314	20	assets	asset	NOUN
ftr-385	314	21	might	might	AUX
ftr-385	314	22	often	often	ADV
ftr-385	314	23	be	be	AUX
ftr-385	314	24	able	able	ADJ
ftr-385	314	25	to	to	PART
ftr-385	314	26	circumvent	circumvent	VERB
ftr-385	314	27	section	section	NOUN
ftr-385	314	28	751(b	751(b	PROPN
ftr-385	314	29	)	)	PUNCT
ftr-385	314	30	simply	simply	ADV
ftr-385	314	31	by	by	ADP
ftr-385	314	32	retaining	retain	VERB
ftr-385	314	33	an	an	DET
ftr-385	314	34	insignificant	insignificant	ADJ
ftr-385	314	35	interest	interest	NOUN
ftr-385	314	36	(	(	PUNCT
ftr-385	314	37	by	by	ADP
ftr-385	314	38	value	value	NOUN
ftr-385	314	39	)	)	PUNCT
ftr-385	314	40	in	in	ADP
ftr-385	314	41	the	the	DET
ftr-385	314	42	partnership	partnership	NOUN
ftr-385	314	43	’s	’s	PART
ftr-385	314	44	revalued	revalue	VERB
ftr-385	314	45	hot	hot	ADJ
ftr-385	314	46	assets	asset	NOUN
ftr-385	314	47	.	.	PUNCT
ftr-385	315	1	unless	unless	SCONJ
ftr-385	315	2	these	these	DET
ftr-385	315	3	problems	problem	NOUN
ftr-385	315	4	are	be	AUX
ftr-385	315	5	addressed	address	VERB
ftr-385	315	6	,	,	PUNCT
ftr-385	315	7	the	the	DET
ftr-385	315	8	hot	hot	ADJ
ftr-385	315	9	asset	asset	NOUN
ftr-385	315	10	sale	sale	NOUN
ftr-385	315	11	approach	approach	NOUN
ftr-385	315	12	may	may	AUX
ftr-385	315	13	undermine	undermine	VERB
ftr-385	315	14	the	the	DET
ftr-385	315	15	function	function	NOUN
ftr-385	315	16	of	of	ADP
ftr-385	315	17	section	section	NOUN
ftr-385	315	18	751(b	751(b	PROPN
ftr-385	315	19	)	)	PUNCT
ftr-385	315	20	in	in	ADP
ftr-385	315	21	curbing	curb	VERB
ftr-385	315	22	unwarranted	unwarranted	ADJ
ftr-385	315	23	deferral	deferral	NOUN
ftr-385	315	24	.	.	PUNCT
ftr-385	316	1	iv	iv	X
ftr-385	316	2	.	.	PUNCT
ftr-385	317	1	liquidating	liquidating	NOUN
ftr-385	317	2	distributions	distribution	NOUN
ftr-385	317	3	following	follow	VERB
ftr-385	317	4	a	a	DET
ftr-385	317	5	liquidating	liquidating	NOUN
ftr-385	317	6	distribution	distribution	NOUN
ftr-385	317	7	,	,	PUNCT
ftr-385	317	8	a	a	DET
ftr-385	317	9	revaluation	revaluation	NOUN
ftr-385	317	10	and	and	CCONJ
ftr-385	317	11	reverse	reverse	ADJ
ftr-385	317	12	section	section	NOUN
ftr-385	317	13	704(c	704(c	PROPN
ftr-385	317	14	)	)	PUNCT
ftr-385	317	15	allocations	allocation	NOUN
ftr-385	317	16	can	can	AUX
ftr-385	317	17	not	not	PART
ftr-385	317	18	preserve	preserve	VERB
ftr-385	317	19	the	the	DET
ftr-385	317	20	distributee	distributee	NOUN
ftr-385	317	21	’s	’s	PART
ftr-385	317	22	predistribution	predistribution	NOUN
ftr-385	317	23	share	share	NOUN
ftr-385	317	24	of	of	ADP
ftr-385	317	25	hot	hot	ADJ
ftr-385	317	26	asset	asset	NOUN
ftr-385	317	27	gain	gain	NOUN
ftr-385	317	28	in	in	ADP
ftr-385	317	29	retained	retain	VERB
ftr-385	317	30	assets	asset	NOUN
ftr-385	317	31	.	.	PUNCT
ftr-385	318	1	similarly	similarly	ADV
ftr-385	318	2	,	,	PUNCT
ftr-385	318	3	any	any	DET
ftr-385	318	4	predistribution	predistribution	NOUN
ftr-385	318	5	gain	gain	NOUN
ftr-385	318	6	in	in	ADP
ftr-385	318	7	distributed	distribute	VERB
ftr-385	318	8	hot	hot	ADJ
ftr-385	318	9	assets	asset	NOUN
ftr-385	318	10	is	be	AUX
ftr-385	318	11	shifted	shift	VERB
ftr-385	318	12	to	to	ADP
ftr-385	318	13	the	the	DET
ftr-385	318	14	distributee	distributee	NOUN
ftr-385	318	15	.	.	PUNCT
ftr-385	319	1	thus	thus	ADV
ftr-385	319	2	,	,	PUNCT
ftr-385	319	3	a	a	DET
ftr-385	319	4	liquidating	liquidating	NOUN
ftr-385	319	5	distribution	distribution	NOUN
ftr-385	319	6	may	may	AUX
ftr-385	319	7	trigger	trigger	VERB
ftr-385	319	8	recognition	recognition	NOUN
ftr-385	319	9	of	of	ADP
ftr-385	319	10	hot	hot	ADJ
ftr-385	319	11	asset	asset	NOUN
ftr-385	319	12	gain	gain	NOUN
ftr-385	319	13	to	to	ADP
ftr-385	319	14	either	either	CCONJ
ftr-385	319	15	the	the	DET
ftr-385	319	16	distributee	distributee	NOUN
ftr-385	319	17	or	or	CCONJ
ftr-385	319	18	the	the	DET
ftr-385	319	19	continuing	continue	VERB
ftr-385	319	20	partners	partner	NOUN
ftr-385	319	21	(	(	PUNCT
ftr-385	319	22	but	but	CCONJ
ftr-385	319	23	not	not	PART
ftr-385	319	24	both	both	PRON
ftr-385	319	25	)	)	PUNCT
ftr-385	319	26	.	.	PUNCT
ftr-385	320	1	notice	notice	VERB
ftr-385	320	2	2006	2006	NUM
ftr-385	320	3	-	-	SYM
ftr-385	320	4	14	14	NUM
ftr-385	320	5	illustrates	illustrate	VERB
ftr-385	320	6	the	the	DET
ftr-385	320	7	hot	hot	ADJ
ftr-385	320	8	asset	asset	NOUN
ftr-385	320	9	sale	sale	NOUN
ftr-385	320	10	approach	approach	NOUN
ftr-385	320	11	in	in	ADP
ftr-385	320	12	two	two	NUM
ftr-385	320	13	examples	example	NOUN
ftr-385	320	14	involving	involve	VERB
ftr-385	320	15	liquidating	liquidating	NOUN
ftr-385	320	16	distributions	distribution	NOUN
ftr-385	320	17	of	of	ADP
ftr-385	320	18	excess	excess	ADJ
ftr-385	320	19	hot	hot	ADJ
ftr-385	320	20	and	and	CCONJ
ftr-385	320	21	cold	cold	ADJ
ftr-385	320	22	assets	asset	NOUN
ftr-385	320	23	that	that	PRON
ftr-385	320	24	potentially	potentially	ADV
ftr-385	320	25	trigger	trigger	NOUN
ftr-385	320	26	section	section	NOUN
ftr-385	320	27	734(b	734(b	NOUN
ftr-385	320	28	)	)	PUNCT
ftr-385	320	29	adjustments	adjustment	NOUN
ftr-385	320	30	to	to	ADP
ftr-385	320	31	retained	retain	VERB
ftr-385	320	32	partnership	partnership	NOUN
ftr-385	320	33	assets	asset	NOUN
ftr-385	320	34	.	.	PUNCT
ftr-385	321	1	the	the	DET
ftr-385	321	2	interaction	interaction	NOUN
ftr-385	321	3	between	between	ADP
ftr-385	321	4	the	the	DET
ftr-385	321	5	section	section	NOUN
ftr-385	321	6	734(b	734(b	NOUN
ftr-385	321	7	)	)	PUNCT
ftr-385	321	8	adjustment	adjustment	NOUN
ftr-385	321	9	and	and	CCONJ
ftr-385	321	10	the	the	DET
ftr-385	321	11	hot	hot	ADJ
ftr-385	321	12	asset	asset	NOUN
ftr-385	321	13	sale	sale	NOUN
ftr-385	321	14	approach	approach	NOUN
ftr-385	321	15	may	may	AUX
ftr-385	321	16	lead	lead	VERB
ftr-385	321	17	to	to	ADP
ftr-385	321	18	surprising	surprising	ADJ
ftr-385	321	19	and	and	CCONJ
ftr-385	321	20	unwarranted	unwarranted	ADJ
ftr-385	321	21	results	result	NOUN
ftr-385	321	22	.	.	PUNCT
ftr-385	322	1	342	342	NUM
ftr-385	322	2	florida	florida	PROPN
ftr-385	322	3	tax	tax	NOUN
ftr-385	322	4	review	review	NOUN
ftr-385	322	5	[	[	X
ftr-385	322	6	vol.8:3	vol.8:3	NOUN
ftr-385	322	7	61	61	NUM
ftr-385	322	8	.	.	PUNCT
ftr-385	323	1	this	this	DET
ftr-385	323	2	example	example	NOUN
ftr-385	323	3	is	be	AUX
ftr-385	323	4	derived	derive	VERB
ftr-385	323	5	from	from	ADP
ftr-385	323	6	notice	notice	NOUN
ftr-385	323	7	2006	2006	NUM
ftr-385	323	8	-	-	SYM
ftr-385	323	9	14	14	NUM
ftr-385	323	10	,	,	PUNCT
ftr-385	323	11	supra	supra	NOUN
ftr-385	323	12	note	note	NOUN
ftr-385	323	13	1	1	NUM
ftr-385	323	14	,	,	PUNCT
ftr-385	323	15	example	example	NOUN
ftr-385	323	16	3	3	NUM
ftr-385	323	17	.	.	NOUN
ftr-385	323	18	62	62	NUM
ftr-385	323	19	.	.	PUNCT
ftr-385	324	1	the	the	DET
ftr-385	324	2	bc	bc	PROPN
ftr-385	324	3	partnership	partnership	PROPN
ftr-385	324	4	has	have	VERB
ftr-385	324	5	the	the	DET
ftr-385	324	6	following	follow	VERB
ftr-385	324	7	post	post	ADJ
ftr-385	324	8	-	-	ADJ
ftr-385	324	9	distribution	distribution	ADJ
ftr-385	324	10	balance	balance	NOUN
ftr-385	324	11	sheet	sheet	NOUN
ftr-385	324	12	:	:	PUNCT
ftr-385	324	13	assets	asset	NOUN
ftr-385	324	14	basis	basis	NOUN
ftr-385	324	15	value	value	NOUN
ftr-385	324	16	capital	capital	NOUN
ftr-385	324	17	tax	tax	NOUN
ftr-385	324	18	book	book	NOUN
ftr-385	324	19	hot	hot	ADJ
ftr-385	324	20	asset	asset	NOUN
ftr-385	324	21	$	$	SYM
ftr-385	324	22	50	50	NUM
ftr-385	324	23	$	$	SYM
ftr-385	324	24	50	50	NUM
ftr-385	324	25	b	b	NUM
ftr-385	324	26	$	$	SYM
ftr-385	324	27	25	25	NUM
ftr-385	324	28	$	$	SYM
ftr-385	324	29	100	100	NUM
ftr-385	324	30	cold	cold	ADJ
ftr-385	324	31	asset	asset	NOUN
ftr-385	324	32	0	0	NUM
ftr-385	324	33	150	150	NUM
ftr-385	324	34	c	c	NOUN
ftr-385	324	35	25	25	NUM
ftr-385	324	36	100	100	NUM
ftr-385	324	37	total	total	ADJ
ftr-385	324	38	$	$	SYM
ftr-385	324	39	50	50	NUM
ftr-385	324	40	$	$	SYM
ftr-385	324	41	200	200	NUM
ftr-385	324	42	total	total	ADJ
ftr-385	324	43	$	$	SYM
ftr-385	324	44	50	50	NUM
ftr-385	324	45	$	$	SYM
ftr-385	324	46	200	200	NUM
ftr-385	324	47	63	63	NUM
ftr-385	324	48	.	.	PUNCT
ftr-385	325	1	see	see	VERB
ftr-385	325	2	reg	reg	NOUN
ftr-385	325	3	.	.	PUNCT
ftr-385	326	1	§	§	PROPN
ftr-385	326	2	1.751	1.751	NUM
ftr-385	326	3	-	-	SYM
ftr-385	326	4	1(b)(1)(iii	1(b)(1)(iii	NUM
ftr-385	326	5	)	)	PUNCT
ftr-385	326	6	(	(	PUNCT
ftr-385	326	7	applying	apply	VERB
ftr-385	326	8	rules	rule	NOUN
ftr-385	326	9	of	of	ADP
ftr-385	326	10	§	§	PROPN
ftr-385	326	11	751(b	751(b	PROPN
ftr-385	326	12	)	)	PUNCT
ftr-385	326	13	before	before	ADP
ftr-385	326	14	the	the	DET
ftr-385	326	15	rules	rule	NOUN
ftr-385	326	16	of	of	ADP
ftr-385	326	17	§	§	PROPN
ftr-385	326	18	§	§	PROPN
ftr-385	326	19	731	731	NUM
ftr-385	326	20	-	-	NUM
ftr-385	326	21	736	736	NUM
ftr-385	326	22	)	)	PUNCT
ftr-385	326	23	;	;	PUNCT
ftr-385	326	24	jackel	jackel	PROPN
ftr-385	326	25	&	&	CCONJ
ftr-385	326	26	stok	stok	PROPN
ftr-385	326	27	,	,	PUNCT
ftr-385	326	28	supra	supra	PROPN
ftr-385	326	29	note	note	PROPN
ftr-385	326	30	18	18	NUM
ftr-385	326	31	,	,	PUNCT
ftr-385	326	32	at	at	ADP
ftr-385	326	33	1579	1579	NUM
ftr-385	326	34	;	;	PUNCT
ftr-385	326	35	i	i	PRON
ftr-385	326	36	d.	d.	PROPN
ftr-385	326	37	at	at	ADP
ftr-385	326	38	1579	1579	NUM
ftr-385	326	39	n.79	n.79	ADP
ftr-385	326	40	(	(	PUNCT
ftr-385	326	41	noting	note	VERB
ftr-385	326	42	that	that	SCONJ
ftr-385	326	43	ordering	order	VERB
ftr-385	326	44	rule	rule	NOUN
ftr-385	326	45	may	may	AUX
ftr-385	326	46	not	not	PART
ftr-385	326	47	reach	reach	VERB
ftr-385	326	48	the	the	DET
ftr-385	326	49	“	"	PUNCT
ftr-385	326	50	correct	correct	ADJ
ftr-385	326	51	[	[	X
ftr-385	326	52	result	result	NOUN
ftr-385	326	53	]	]	PUNCT
ftr-385	326	54	from	from	ADP
ftr-385	326	55	a	a	DET
ftr-385	326	56	tax	tax	NOUN
ftr-385	326	57	policy	policy	NOUN
ftr-385	326	58	standpoint	standpoint	NOUN
ftr-385	326	59	”	"	PUNCT
ftr-385	326	60	)	)	PUNCT
ftr-385	326	61	.	.	PUNCT
ftr-385	327	1	example	example	NOUN
ftr-385	327	2	(	(	PUNCT
ftr-385	327	3	2	2	NUM
ftr-385	327	4	):	):	PUNCT
ftr-385	327	5	the	the	DET
ftr-385	327	6	abc	abc	PROPN
ftr-385	327	7	partnership	partnership	NOUN
ftr-385	327	8	holds	hold	VERB
ftr-385	327	9	one	one	NUM
ftr-385	327	10	hot	hot	ADJ
ftr-385	327	11	asset	asset	NOUN
ftr-385	327	12	and	and	CCONJ
ftr-385	327	13	one	one	NUM
ftr-385	327	14	cold61	cold61	NOUN
ftr-385	327	15	asset	asset	NOUN
ftr-385	327	16	,	,	PUNCT
ftr-385	327	17	each	each	PRON
ftr-385	327	18	with	with	ADP
ftr-385	327	19	a	a	DET
ftr-385	327	20	basis	basis	NOUN
ftr-385	327	21	of	of	ADP
ftr-385	327	22	zero	zero	NUM
ftr-385	327	23	and	and	CCONJ
ftr-385	327	24	value	value	NOUN
ftr-385	327	25	of	of	ADP
ftr-385	327	26	$	$	SYM
ftr-385	327	27	150	150	NUM
ftr-385	327	28	.	.	PUNCT
ftr-385	328	1	each	each	DET
ftr-385	328	2	partner	partner	NOUN
ftr-385	328	3	has	have	VERB
ftr-385	328	4	a	a	DET
ftr-385	328	5	zero	zero	NUM
ftr-385	328	6	basis	basis	NOUN
ftr-385	328	7	in	in	ADP
ftr-385	328	8	her	her	PRON
ftr-385	328	9	partnership	partnership	NOUN
ftr-385	328	10	interest	interest	NOUN
ftr-385	328	11	and	and	CCONJ
ftr-385	328	12	a	a	DET
ftr-385	328	13	$	$	SYM
ftr-385	328	14	50	50	NUM
ftr-385	328	15	share	share	NOUN
ftr-385	328	16	of	of	ADP
ftr-385	328	17	both	both	CCONJ
ftr-385	328	18	hot	hot	ADJ
ftr-385	328	19	and	and	CCONJ
ftr-385	328	20	cold	cold	ADJ
ftr-385	328	21	asset	asset	NOUN
ftr-385	328	22	gain	gain	NOUN
ftr-385	328	23	,	,	PUNCT
ftr-385	328	24	and	and	CCONJ
ftr-385	328	25	the	the	DET
ftr-385	328	26	partnership	partnership	NOUN
ftr-385	328	27	has	have	VERB
ftr-385	328	28	a	a	DET
ftr-385	328	29	section	section	NOUN
ftr-385	328	30	754	754	NUM
ftr-385	328	31	election	election	NOUN
ftr-385	328	32	in	in	ADP
ftr-385	328	33	effect	effect	NOUN
ftr-385	328	34	.	.	PUNCT
ftr-385	329	1	the	the	DET
ftr-385	329	2	abc	abc	PROPN
ftr-385	329	3	partnership	partnership	PROPN
ftr-385	329	4	distributes	distribute	VERB
ftr-385	329	5	two	two	NUM
ftr-385	329	6	thirds	third	NOUN
ftr-385	329	7	of	of	ADP
ftr-385	329	8	the	the	DET
ftr-385	329	9	hot	hot	ADJ
ftr-385	329	10	asset	asset	NOUN
ftr-385	329	11	(	(	PUNCT
ftr-385	329	12	worth	worth	ADJ
ftr-385	329	13	$	$	SYM
ftr-385	329	14	100	100	NUM
ftr-385	329	15	)	)	PUNCT
ftr-385	329	16	to	to	ADP
ftr-385	329	17	a	a	PRON
ftr-385	329	18	in	in	ADP
ftr-385	329	19	liquidation	liquidation	NOUN
ftr-385	329	20	of	of	ADP
ftr-385	329	21	a	a	DET
ftr-385	329	22	’s	’s	ADJ
ftr-385	329	23	interest	interest	NOUN
ftr-385	329	24	.	.	PUNCT
ftr-385	330	1	prior	prior	ADV
ftr-385	330	2	to	to	ADP
ftr-385	330	3	the	the	DET
ftr-385	330	4	distribution	distribution	NOUN
ftr-385	330	5	,	,	PUNCT
ftr-385	330	6	the	the	DET
ftr-385	330	7	partnership	partnership	NOUN
ftr-385	330	8	’s	’s	PART
ftr-385	330	9	assets	asset	NOUN
ftr-385	330	10	are	be	AUX
ftr-385	330	11	revalued	revalue	VERB
ftr-385	330	12	and	and	CCONJ
ftr-385	330	13	each	each	DET
ftr-385	330	14	partner	partner	NOUN
ftr-385	330	15	’s	’s	PART
ftr-385	330	16	restated	restate	VERB
ftr-385	330	17	book	book	NOUN
ftr-385	330	18	capital	capital	NOUN
ftr-385	330	19	account	account	NOUN
ftr-385	330	20	is	be	AUX
ftr-385	330	21	increased	increase	VERB
ftr-385	330	22	to	to	ADP
ftr-385	330	23	$	$	SYM
ftr-385	330	24	100	100	NUM
ftr-385	330	25	.	.	PUNCT
ftr-385	331	1	accordingly	accordingly	ADV
ftr-385	331	2	,	,	PUNCT
ftr-385	331	3	the	the	DET
ftr-385	331	4	abc	abc	PROPN
ftr-385	331	5	partnership	partnership	PROPN
ftr-385	331	6	has	have	VERB
ftr-385	331	7	the	the	DET
ftr-385	331	8	following	follow	VERB
ftr-385	331	9	predistribution	predistribution	NOUN
ftr-385	331	10	balance	balance	NOUN
ftr-385	331	11	sheet	sheet	NOUN
ftr-385	331	12	:	:	PUNCT
ftr-385	331	13	assets	asset	NOUN
ftr-385	331	14	basis	basis	NOUN
ftr-385	331	15	value	value	NOUN
ftr-385	331	16	capital	capital	NOUN
ftr-385	331	17	tax	tax	NOUN
ftr-385	331	18	book	book	NOUN
ftr-385	331	19	hot	hot	ADJ
ftr-385	331	20	asset	asset	NOUN
ftr-385	331	21	$	$	SYM
ftr-385	331	22	0	0	NUM
ftr-385	331	23	$	$	SYM
ftr-385	331	24	150	150	NUM
ftr-385	331	25	a	a	DET
ftr-385	331	26	$	$	SYM
ftr-385	331	27	0	0	NUM
ftr-385	331	28	$	$	SYM
ftr-385	331	29	100	100	NUM
ftr-385	331	30	cold	cold	ADJ
ftr-385	331	31	asset	asset	NOUN
ftr-385	331	32	0	0	NUM
ftr-385	331	33	150	150	NUM
ftr-385	331	34	b	b	NOUN
ftr-385	331	35	0	0	NUM
ftr-385	331	36	100	100	NUM
ftr-385	331	37	total	total	NOUN
ftr-385	331	38	$	$	SYM
ftr-385	331	39	0	0	NUM
ftr-385	331	40	$	$	SYM
ftr-385	331	41	300	300	NUM
ftr-385	331	42	c	c	NOUN
ftr-385	331	43	0	0	NUM
ftr-385	331	44	100	100	NUM
ftr-385	331	45	total	total	NOUN
ftr-385	331	46	$	$	SYM
ftr-385	331	47	0	0	NUM
ftr-385	331	48	$	$	SYM
ftr-385	331	49	300	300	NUM
ftr-385	331	50	since	since	SCONJ
ftr-385	331	51	their	their	PRON
ftr-385	331	52	share	share	NOUN
ftr-385	331	53	of	of	ADP
ftr-385	331	54	hot	hot	ADJ
ftr-385	331	55	asset	asset	NOUN
ftr-385	331	56	gain	gain	NOUN
ftr-385	331	57	is	be	AUX
ftr-385	331	58	reduced	reduce	VERB
ftr-385	331	59	from	from	ADP
ftr-385	331	60	$	$	SYM
ftr-385	331	61	100	100	NUM
ftr-385	331	62	to	to	PART
ftr-385	331	63	$	$	SYM
ftr-385	331	64	50	50	NUM
ftr-385	331	65	,	,	PUNCT
ftr-385	331	66	b	b	NOUN
ftr-385	331	67	and	and	CCONJ
ftr-385	331	68	c	c	PROPN
ftr-385	331	69	are	be	AUX
ftr-385	331	70	deemed	deem	VERB
ftr-385	331	71	to	to	PART
ftr-385	331	72	sell	sell	VERB
ftr-385	331	73	$	$	SYM
ftr-385	331	74	50	50	NUM
ftr-385	331	75	worth	worth	NOUN
ftr-385	331	76	of	of	ADP
ftr-385	331	77	zero	zero	NUM
ftr-385	331	78	-	-	PUNCT
ftr-385	331	79	basis	basis	NOUN
ftr-385	331	80	hot	hot	ADJ
ftr-385	331	81	assets	asset	NOUN
ftr-385	331	82	.	.	PUNCT
ftr-385	332	1	accordingly	accordingly	ADV
ftr-385	332	2	,	,	PUNCT
ftr-385	332	3	b	b	PROPN
ftr-385	332	4	and	and	CCONJ
ftr-385	332	5	c	c	PROPN
ftr-385	332	6	recognize	recognize	VERB
ftr-385	332	7	total	total	ADJ
ftr-385	332	8	ordinary	ordinary	ADJ
ftr-385	332	9	income	income	NOUN
ftr-385	332	10	of	of	ADP
ftr-385	332	11	$	$	SYM
ftr-385	332	12	50	50	NUM
ftr-385	332	13	,	,	PUNCT
ftr-385	332	14	increasing	increase	VERB
ftr-385	332	15	their	their	PRON
ftr-385	332	16	total	total	ADJ
ftr-385	332	17	outside	outside	ADJ
ftr-385	332	18	basis	basis	NOUN
ftr-385	332	19	and	and	CCONJ
ftr-385	332	20	the	the	DET
ftr-385	332	21	basis	basis	NOUN
ftr-385	332	22	of	of	ADP
ftr-385	332	23	the	the	DET
ftr-385	332	24	distributed	distribute	VERB
ftr-385	332	25	portion	portion	NOUN
ftr-385	332	26	of	of	ADP
ftr-385	332	27	the	the	DET
ftr-385	332	28	hot	hot	ADJ
ftr-385	332	29	asset	asset	NOUN
ftr-385	332	30	to	to	ADP
ftr-385	332	31	$	$	SYM
ftr-385	332	32	50	50	NUM
ftr-385	332	33	.	.	PUNCT
ftr-385	333	1	under	under	ADP
ftr-385	333	2	section	section	NOUN
ftr-385	333	3	732(c	732(c	PROPN
ftr-385	333	4	)	)	PUNCT
ftr-385	333	5	,	,	PUNCT
ftr-385	333	6	a	a	DET
ftr-385	333	7	’s	’s	ADJ
ftr-385	333	8	basis	basis	NOUN
ftr-385	333	9	in	in	ADP
ftr-385	333	10	the	the	DET
ftr-385	333	11	distributed	distribute	VERB
ftr-385	333	12	hot	hot	ADJ
ftr-385	333	13	asset	asset	NOUN
ftr-385	333	14	is	be	AUX
ftr-385	333	15	limited	limit	VERB
ftr-385	333	16	to	to	ADP
ftr-385	333	17	a	a	DET
ftr-385	333	18	’s	’s	NOUN
ftr-385	333	19	outside	outside	ADJ
ftr-385	333	20	basis	basis	NOUN
ftr-385	333	21	(	(	PUNCT
ftr-385	333	22	zero	zero	NUM
ftr-385	333	23	)	)	PUNCT
ftr-385	333	24	,	,	PUNCT
ftr-385	333	25	or	or	CCONJ
ftr-385	333	26	$	$	SYM
ftr-385	333	27	50	50	NUM
ftr-385	333	28	less	less	ADJ
ftr-385	333	29	than	than	ADP
ftr-385	333	30	the	the	DET
ftr-385	333	31	partnership	partnership	NOUN
ftr-385	333	32	’s	’s	PART
ftr-385	333	33	predistribution	predistribution	PROPN
ftr-385	333	34	basis	basis	NOUN
ftr-385	333	35	.	.	PUNCT
ftr-385	334	1	the	the	DET
ftr-385	334	2	distribution	distribution	NOUN
ftr-385	334	3	thus	thus	ADV
ftr-385	334	4	triggers	trigger	VERB
ftr-385	334	5	a	a	DET
ftr-385	334	6	$	$	SYM
ftr-385	334	7	50	50	NUM
ftr-385	334	8	upward	upward	ADJ
ftr-385	334	9	section	section	NOUN
ftr-385	334	10	734(b	734(b	PROPN
ftr-385	334	11	)	)	PUNCT
ftr-385	334	12	adjustment	adjustment	NOUN
ftr-385	334	13	to	to	ADP
ftr-385	334	14	the	the	DET
ftr-385	334	15	partnership	partnership	NOUN
ftr-385	334	16	’s	’s	PART
ftr-385	334	17	retained	retain	VERB
ftr-385	334	18	hot	hot	ADJ
ftr-385	334	19	asset	asset	NOUN
ftr-385	334	20	,	,	PUNCT
ftr-385	334	21	potentially	potentially	ADV
ftr-385	334	22	allowing	allow	VERB
ftr-385	334	23	the	the	DET
ftr-385	334	24	continuing	continue	VERB
ftr-385	334	25	partners	partner	NOUN
ftr-385	334	26	to	to	PART
ftr-385	334	27	escape	escape	VERB
ftr-385	334	28	$	$	SYM
ftr-385	334	29	50	50	NUM
ftr-385	334	30	of	of	ADP
ftr-385	334	31	bookedup	bookedup	NOUN
ftr-385	334	32	hot	hot	ADJ
ftr-385	334	33	asset	asset	NOUN
ftr-385	334	34	gain.62	gain.62	NOUN
ftr-385	334	35	under	under	ADP
ftr-385	334	36	the	the	DET
ftr-385	334	37	statutory	statutory	ADJ
ftr-385	334	38	ordering	ordering	NOUN
ftr-385	334	39	rule	rule	NOUN
ftr-385	334	40	,	,	PUNCT
ftr-385	334	41	the	the	DET
ftr-385	334	42	section	section	NOUN
ftr-385	334	43	734(b	734(b	NOUN
ftr-385	334	44	)	)	PUNCT
ftr-385	334	45	adjustment	adjustment	NOUN
ftr-385	334	46	arises	arise	VERB
ftr-385	334	47	only	only	ADV
ftr-385	334	48	after	after	SCONJ
ftr-385	334	49	the	the	DET
ftr-385	334	50	tax	tax	NOUN
ftr-385	334	51	consequences	consequence	NOUN
ftr-385	334	52	of	of	ADP
ftr-385	334	53	the	the	DET
ftr-385	334	54	deemed	deem	VERB
ftr-385	334	55	section	section	NOUN
ftr-385	334	56	751(b	751(b	PROPN
ftr-385	334	57	)	)	PUNCT
ftr-385	334	58	exchange	exchange	NOUN
ftr-385	334	59	are	be	AUX
ftr-385	334	60	determined	determine	VERB
ftr-385	334	61	.	.	PUNCT
ftr-385	335	1	if	if	SCONJ
ftr-385	335	2	the	the	DET
ftr-385	335	3	hot	hot	ADJ
ftr-385	335	4	asset	asset	NOUN
ftr-385	335	5	shift	shift	NOUN
ftr-385	335	6	is	be	AUX
ftr-385	335	7	measured	measure	VERB
ftr-385	335	8	before	before	ADP
ftr-385	335	9	the	the	DET
ftr-385	335	10	section	section	NOUN
ftr-385	335	11	734(b)63	734(b)63	PROPN
ftr-385	335	12	adjustment	adjustment	NOUN
ftr-385	335	13	arises	arise	VERB
ftr-385	335	14	,	,	PUNCT
ftr-385	335	15	b	b	NOUN
ftr-385	335	16	and	and	CCONJ
ftr-385	335	17	c	c	PROPN
ftr-385	335	18	would	would	AUX
ftr-385	335	19	apparently	apparently	ADV
ftr-385	335	20	be	be	AUX
ftr-385	335	21	treated	treat	VERB
ftr-385	335	22	as	as	ADP
ftr-385	335	23	having	having	AUX
ftr-385	335	24	retained	retain	VERB
ftr-385	335	25	a	a	DET
ftr-385	335	26	$	$	SYM
ftr-385	335	27	50	50	NUM
ftr-385	335	28	share	share	NOUN
ftr-385	335	29	of	of	ADP
ftr-385	335	30	hot	hot	ADJ
ftr-385	335	31	asset	asset	NOUN
ftr-385	335	32	gain	gain	NOUN
ftr-385	335	33	pursuant	pursuant	ADV
ftr-385	335	34	to	to	ADP
ftr-385	335	35	the	the	DET
ftr-385	335	36	book	book	NOUN
ftr-385	335	37	-	-	PUNCT
ftr-385	335	38	up	up	NOUN
ftr-385	335	39	,	,	PUNCT
ftr-385	335	40	even	even	ADV
ftr-385	335	41	though	though	SCONJ
ftr-385	335	42	the	the	DET
ftr-385	335	43	subsequent	subsequent	ADJ
ftr-385	335	44	section	section	NOUN
ftr-385	335	45	734(b	734(b	PROPN
ftr-385	335	46	)	)	PUNCT
ftr-385	335	47	adjustment	adjustment	NOUN
ftr-385	335	48	eliminates	eliminate	VERB
ftr-385	335	49	the	the	DET
ftr-385	335	50	corresponding	corresponding	ADJ
ftr-385	335	51	tax	tax	NOUN
ftr-385	335	52	gain	gain	NOUN
ftr-385	335	53	.	.	PUNCT
ftr-385	336	1	to	to	PART
ftr-385	336	2	prevent	prevent	VERB
ftr-385	336	3	this	this	DET
ftr-385	336	4	unintended	unintended	ADJ
ftr-385	336	5	result	result	NOUN
ftr-385	336	6	,	,	PUNCT
ftr-385	336	7	it	it	PRON
ftr-385	336	8	would	would	AUX
ftr-385	336	9	seem	seem	VERB
ftr-385	336	10	necessary	necessary	ADJ
ftr-385	336	11	to	to	PART
ftr-385	336	12	disallow	disallow	VERB
ftr-385	336	13	the	the	DET
ftr-385	336	14	section	section	NOUN
ftr-385	336	15	734(b	734(b	PROPN
ftr-385	336	16	)	)	PUNCT
ftr-385	336	17	2007	2007	NUM
ftr-385	336	18	]	]	PUNCT
ftr-385	336	19	taxing	tax	VERB
ftr-385	336	20	hot	hot	ADJ
ftr-385	336	21	asset	asset	NOUN
ftr-385	336	22	shifts	shift	NOUN
ftr-385	336	23	343	343	NUM
ftr-385	336	24	64	64	NUM
ftr-385	336	25	.	.	PUNCT
ftr-385	337	1	the	the	DET
ftr-385	337	2	bc	bc	PROPN
ftr-385	337	3	partnership	partnership	PROPN
ftr-385	337	4	would	would	AUX
ftr-385	337	5	have	have	VERB
ftr-385	337	6	the	the	DET
ftr-385	337	7	following	follow	VERB
ftr-385	337	8	post	post	ADJ
ftr-385	337	9	-	-	ADJ
ftr-385	337	10	distribution	distribution	ADJ
ftr-385	337	11	balance	balance	NOUN
ftr-385	337	12	sheet	sheet	NOUN
ftr-385	337	13	:	:	PUNCT
ftr-385	337	14	assets	asset	NOUN
ftr-385	337	15	basis	basis	NOUN
ftr-385	337	16	value	value	NOUN
ftr-385	337	17	capital	capital	NOUN
ftr-385	337	18	tax	tax	NOUN
ftr-385	337	19	book	book	NOUN
ftr-385	337	20	hot	hot	ADJ
ftr-385	337	21	asset	asset	NOUN
ftr-385	337	22	$	$	SYM
ftr-385	337	23	0	0	NUM
ftr-385	337	24	$	$	SYM
ftr-385	337	25	50	50	NUM
ftr-385	337	26	b	b	NOUN
ftr-385	337	27	$	$	SYM
ftr-385	337	28	25	25	NUM
ftr-385	337	29	$	$	SYM
ftr-385	337	30	100	100	NUM
ftr-385	337	31	cold	cold	ADJ
ftr-385	337	32	asset	asset	NOUN
ftr-385	337	33	50	50	NUM
ftr-385	337	34	150	150	NUM
ftr-385	337	35	c	c	NOUN
ftr-385	337	36	25	25	NUM
ftr-385	337	37	100	100	NUM
ftr-385	337	38	total	total	ADJ
ftr-385	337	39	$	$	SYM
ftr-385	337	40	50	50	NUM
ftr-385	337	41	$	$	SYM
ftr-385	337	42	200	200	NUM
ftr-385	337	43	total	total	ADJ
ftr-385	337	44	$	$	SYM
ftr-385	337	45	50	50	NUM
ftr-385	337	46	$	$	SYM
ftr-385	337	47	200	200	NUM
ftr-385	337	48	65	65	NUM
ftr-385	337	49	.	.	PUNCT
ftr-385	338	1	without	without	ADP
ftr-385	338	2	a	a	DET
ftr-385	338	3	basis	basis	NOUN
ftr-385	338	4	increase	increase	NOUN
ftr-385	338	5	of	of	ADP
ftr-385	338	6	$	$	SYM
ftr-385	338	7	50	50	NUM
ftr-385	338	8	to	to	ADP
ftr-385	338	9	the	the	DET
ftr-385	338	10	retained	retain	VERB
ftr-385	338	11	cold	cold	ADJ
ftr-385	338	12	asset	asset	NOUN
ftr-385	338	13	,	,	PUNCT
ftr-385	338	14	the	the	DET
ftr-385	338	15	continuing	continue	VERB
ftr-385	338	16	partners	partner	NOUN
ftr-385	338	17	’	'	PUNCT
ftr-385	338	18	share	share	NOUN
ftr-385	338	19	of	of	ADP
ftr-385	338	20	cold	cold	ADJ
ftr-385	338	21	asset	asset	NOUN
ftr-385	338	22	gain	gain	NOUN
ftr-385	338	23	would	would	AUX
ftr-385	338	24	increase	increase	VERB
ftr-385	338	25	from	from	ADP
ftr-385	338	26	$	$	SYM
ftr-385	338	27	100	100	NUM
ftr-385	338	28	to	to	PART
ftr-385	338	29	$	$	SYM
ftr-385	338	30	150	150	NUM
ftr-385	338	31	(	(	PUNCT
ftr-385	338	32	$	$	SYM
ftr-385	338	33	150	150	NUM
ftr-385	338	34	value	value	NOUN
ftr-385	338	35	of	of	ADP
ftr-385	338	36	retained	retain	VERB
ftr-385	338	37	cold	cold	ADJ
ftr-385	338	38	asset	asset	NOUN
ftr-385	338	39	less	less	ADJ
ftr-385	338	40	zero	zero	NUM
ftr-385	338	41	basis	basis	NOUN
ftr-385	338	42	)	)	PUNCT
ftr-385	338	43	,	,	PUNCT
ftr-385	338	44	triggering	trigger	VERB
ftr-385	338	45	a	a	DET
ftr-385	338	46	corresponding	correspond	VERB
ftr-385	338	47	capital	capital	NOUN
ftr-385	338	48	loss	loss	NOUN
ftr-385	338	49	of	of	ADP
ftr-385	338	50	$	$	SYM
ftr-385	338	51	50	50	NUM
ftr-385	338	52	on	on	ADP
ftr-385	338	53	liquidation	liquidation	NOUN
ftr-385	338	54	.	.	PUNCT
ftr-385	339	1	adjustment	adjustment	NOUN
ftr-385	339	2	entirely	entirely	ADV
ftr-385	339	3	or	or	CCONJ
ftr-385	339	4	change	change	VERB
ftr-385	339	5	the	the	DET
ftr-385	339	6	statutory	statutory	ADJ
ftr-385	339	7	ordering	ordering	NOUN
ftr-385	339	8	rule	rule	NOUN
ftr-385	339	9	.	.	PUNCT
ftr-385	340	1	without	without	ADP
ftr-385	340	2	a	a	DET
ftr-385	340	3	section	section	NOUN
ftr-385	340	4	734(b	734(b	NOUN
ftr-385	340	5	)	)	PUNCT
ftr-385	340	6	adjustment	adjustment	NOUN
ftr-385	340	7	to	to	ADP
ftr-385	340	8	cold	cold	ADJ
ftr-385	340	9	assets	asset	NOUN
ftr-385	340	10	,	,	PUNCT
ftr-385	340	11	however	however	ADV
ftr-385	340	12	,	,	PUNCT
ftr-385	340	13	the	the	DET
ftr-385	340	14	continuing	continue	VERB
ftr-385	340	15	partners	partner	NOUN
ftr-385	340	16	would	would	AUX
ftr-385	340	17	be	be	AUX
ftr-385	340	18	improperly	improperly	ADV
ftr-385	340	19	taxed	tax	VERB
ftr-385	340	20	on	on	ADP
ftr-385	340	21	a	a	DET
ftr-385	340	22	’s	’s	ADJ
ftr-385	340	23	share	share	NOUN
ftr-385	340	24	of	of	ADP
ftr-385	340	25	cold	cold	ADJ
ftr-385	340	26	asset	asset	NOUN
ftr-385	340	27	gain	gain	NOUN
ftr-385	340	28	remaining	remain	VERB
ftr-385	340	29	in	in	ADP
ftr-385	340	30	the	the	DET
ftr-385	340	31	partnership	partnership	NOUN
ftr-385	340	32	.	.	PUNCT
ftr-385	341	1	what	what	PRON
ftr-385	341	2	is	be	AUX
ftr-385	341	3	needed	need	VERB
ftr-385	341	4	is	be	AUX
ftr-385	341	5	a	a	DET
ftr-385	341	6	$	$	SYM
ftr-385	341	7	50	50	NUM
ftr-385	341	8	upward	upward	ADJ
ftr-385	341	9	basis	basis	NOUN
ftr-385	341	10	adjustment	adjustment	NOUN
ftr-385	341	11	to	to	ADP
ftr-385	341	12	cold	cold	ADJ
ftr-385	341	13	(	(	PUNCT
ftr-385	341	14	not	not	PART
ftr-385	341	15	hot	hot	ADJ
ftr-385	341	16	)	)	PUNCT
ftr-385	341	17	assets	asset	NOUN
ftr-385	341	18	to	to	PART
ftr-385	341	19	reflect	reflect	VERB
ftr-385	341	20	the	the	DET
ftr-385	341	21	reduction	reduction	NOUN
ftr-385	341	22	in	in	ADP
ftr-385	341	23	a	a	DET
ftr-385	341	24	’s	’s	ADJ
ftr-385	341	25	share	share	NOUN
ftr-385	341	26	of	of	ADP
ftr-385	341	27	cold	cold	ADJ
ftr-385	341	28	asset	asset	NOUN
ftr-385	341	29	gain	gain	NOUN
ftr-385	341	30	.	.	PUNCT
ftr-385	342	1	under	under	ADP
ftr-385	342	2	the	the	DET
ftr-385	342	3	andrews	andrews	PROPN
ftr-385	342	4	proposals	proposal	NOUN
ftr-385	342	5	,	,	PUNCT
ftr-385	342	6	the	the	DET
ftr-385	342	7	problem	problem	NOUN
ftr-385	342	8	of	of	ADP
ftr-385	342	9	basis	basis	NOUN
ftr-385	342	10	insufficiency	insufficiency	NOUN
ftr-385	342	11	would	would	AUX
ftr-385	342	12	be	be	AUX
ftr-385	342	13	remedied	remedie	VERB
ftr-385	342	14	generally	generally	ADV
ftr-385	342	15	by	by	ADP
ftr-385	342	16	requiring	require	VERB
ftr-385	342	17	gain	gain	NOUN
ftr-385	342	18	recognition	recognition	NOUN
ftr-385	342	19	in	in	ADP
ftr-385	342	20	the	the	DET
ftr-385	342	21	event	event	NOUN
ftr-385	342	22	of	of	ADP
ftr-385	342	23	a	a	DET
ftr-385	342	24	prevented	prevent	VERB
ftr-385	342	25	basis	basis	NOUN
ftr-385	342	26	adjustment	adjustment	NOUN
ftr-385	342	27	.	.	PUNCT
ftr-385	343	1	a	a	DET
ftr-385	343	2	’s	’s	ADJ
ftr-385	343	3	$	$	SYM
ftr-385	343	4	50	50	NUM
ftr-385	343	5	share	share	NOUN
ftr-385	343	6	of	of	ADP
ftr-385	343	7	cold	cold	ADJ
ftr-385	343	8	asset	asset	NOUN
ftr-385	343	9	gain	gain	NOUN
ftr-385	343	10	can	can	AUX
ftr-385	343	11	not	not	PART
ftr-385	343	12	be	be	AUX
ftr-385	343	13	preserved	preserve	VERB
ftr-385	343	14	through	through	ADP
ftr-385	343	15	basis	basis	NOUN
ftr-385	343	16	adjustments	adjustment	NOUN
ftr-385	343	17	,	,	PUNCT
ftr-385	343	18	since	since	SCONJ
ftr-385	343	19	a	a	PRON
ftr-385	343	20	receives	receive	VERB
ftr-385	343	21	no	no	DET
ftr-385	343	22	cold	cold	ADJ
ftr-385	343	23	assets	asset	NOUN
ftr-385	343	24	whose	whose	DET
ftr-385	343	25	basis	basis	NOUN
ftr-385	343	26	can	can	AUX
ftr-385	343	27	be	be	AUX
ftr-385	343	28	reduced	reduce	VERB
ftr-385	343	29	.	.	PUNCT
ftr-385	344	1	thus	thus	ADV
ftr-385	344	2	,	,	PUNCT
ftr-385	344	3	a	a	PRON
ftr-385	344	4	would	would	AUX
ftr-385	344	5	be	be	AUX
ftr-385	344	6	required	require	VERB
ftr-385	344	7	to	to	PART
ftr-385	344	8	recognize	recognize	VERB
ftr-385	344	9	$	$	SYM
ftr-385	344	10	50	50	NUM
ftr-385	344	11	of	of	ADP
ftr-385	344	12	capital	capital	NOUN
ftr-385	344	13	gain	gain	NOUN
ftr-385	344	14	immediately	immediately	ADV
ftr-385	344	15	,	,	PUNCT
ftr-385	344	16	unless	unless	SCONJ
ftr-385	344	17	a	a	DET
ftr-385	344	18	elected	elect	VERB
ftr-385	344	19	to	to	PART
ftr-385	344	20	take	take	VERB
ftr-385	344	21	a	a	DET
ftr-385	344	22	reduced	reduced	ADJ
ftr-385	344	23	basis	basis	NOUN
ftr-385	344	24	in	in	ADP
ftr-385	344	25	the	the	DET
ftr-385	344	26	distributed	distribute	VERB
ftr-385	344	27	hot	hot	ADJ
ftr-385	344	28	assets	asset	NOUN
ftr-385	344	29	.	.	PUNCT
ftr-385	345	1	a	a	DET
ftr-385	345	2	’s	’s	ADV
ftr-385	345	3	recognized	recognize	VERB
ftr-385	345	4	gain	gain	NOUN
ftr-385	345	5	would	would	AUX
ftr-385	345	6	increase	increase	VERB
ftr-385	345	7	the	the	DET
ftr-385	345	8	partnership	partnership	NOUN
ftr-385	345	9	’s	’s	PART
ftr-385	345	10	basis	basis	NOUN
ftr-385	345	11	in	in	ADP
ftr-385	345	12	retained	retain	VERB
ftr-385	345	13	cold	cold	ADJ
ftr-385	345	14	assets	asset	NOUN
ftr-385	345	15	and	and	CCONJ
ftr-385	345	16	a	a	DET
ftr-385	345	17	’s	’s	NOUN
ftr-385	345	18	outside	outside	ADJ
ftr-385	345	19	basis	basis	NOUN
ftr-385	345	20	.	.	PUNCT
ftr-385	346	1	since	since	SCONJ
ftr-385	346	2	a	a	PRON
ftr-385	346	3	would	would	AUX
ftr-385	346	4	have	have	VERB
ftr-385	346	5	sufficient	sufficient	ADJ
ftr-385	346	6	outside	outside	ADJ
ftr-385	346	7	basis	basis	NOUN
ftr-385	346	8	to	to	PART
ftr-385	346	9	absorb	absorb	VERB
ftr-385	346	10	the	the	DET
ftr-385	346	11	stepped	step	VERB
ftr-385	346	12	-	-	PUNCT
ftr-385	346	13	up	up	ADP
ftr-385	346	14	basis	basis	NOUN
ftr-385	346	15	of	of	ADP
ftr-385	346	16	the	the	DET
ftr-385	346	17	distributed	distribute	VERB
ftr-385	346	18	hot	hot	ADJ
ftr-385	346	19	asset	asset	NOUN
ftr-385	346	20	,	,	PUNCT
ftr-385	346	21	section	section	NOUN
ftr-385	346	22	734(b	734(b	PROPN
ftr-385	346	23	)	)	PUNCT
ftr-385	346	24	would	would	AUX
ftr-385	346	25	not	not	PART
ftr-385	346	26	apply	apply	VERB
ftr-385	346	27	.	.	PUNCT
ftr-385	347	1	notice	notice	VERB
ftr-385	347	2	2006	2006	NUM
ftr-385	347	3	-	-	SYM
ftr-385	347	4	14	14	NUM
ftr-385	347	5	suggests	suggest	VERB
ftr-385	347	6	that	that	SCONJ
ftr-385	347	7	a	a	PRON
ftr-385	347	8	could	could	AUX
ftr-385	347	9	elect	elect	VERB
ftr-385	347	10	,	,	PUNCT
ftr-385	347	11	or	or	CCONJ
ftr-385	347	12	be	be	AUX
ftr-385	347	13	required	require	VERB
ftr-385	347	14	,	,	PUNCT
ftr-385	347	15	to	to	PART
ftr-385	347	16	recognize	recognize	VERB
ftr-385	347	17	$	$	SYM
ftr-385	347	18	50	50	NUM
ftr-385	347	19	of	of	ADP
ftr-385	347	20	cold	cold	ADJ
ftr-385	347	21	asset	asset	NOUN
ftr-385	347	22	gain	gain	NOUN
ftr-385	347	23	to	to	PART
ftr-385	347	24	preserve	preserve	VERB
ftr-385	347	25	the	the	DET
ftr-385	347	26	stepped	step	VERB
ftr-385	347	27	-	-	PUNCT
ftr-385	347	28	up	up	ADP
ftr-385	347	29	basis	basis	NOUN
ftr-385	347	30	in	in	ADP
ftr-385	347	31	the	the	DET
ftr-385	347	32	distributed	distribute	VERB
ftr-385	347	33	hot	hot	ADJ
ftr-385	347	34	asset	asset	NOUN
ftr-385	347	35	.	.	PUNCT
ftr-385	348	1	under	under	ADP
ftr-385	348	2	the	the	DET
ftr-385	348	3	statutory	statutory	ADJ
ftr-385	348	4	authority	authority	NOUN
ftr-385	348	5	of	of	ADP
ftr-385	348	6	section	section	NOUN
ftr-385	348	7	751(b	751(b	PROPN
ftr-385	348	8	)	)	PUNCT
ftr-385	348	9	,	,	PUNCT
ftr-385	348	10	a	a	PRON
ftr-385	348	11	should	should	AUX
ftr-385	348	12	be	be	AUX
ftr-385	348	13	required	require	VERB
ftr-385	348	14	to	to	PART
ftr-385	348	15	recognize	recognize	VERB
ftr-385	348	16	capital	capital	NOUN
ftr-385	348	17	gain	gain	NOUN
ftr-385	348	18	of	of	ADP
ftr-385	348	19	$	$	SYM
ftr-385	348	20	50	50	NUM
ftr-385	348	21	immediately	immediately	ADV
ftr-385	348	22	,	,	PUNCT
ftr-385	348	23	unless	unless	SCONJ
ftr-385	348	24	a	a	DET
ftr-385	348	25	elects	elect	NOUN
ftr-385	348	26	to	to	PART
ftr-385	348	27	take	take	VERB
ftr-385	348	28	a	a	DET
ftr-385	348	29	reduced	reduced	ADJ
ftr-385	348	30	basis	basis	NOUN
ftr-385	348	31	in	in	ADP
ftr-385	348	32	the	the	DET
ftr-385	348	33	distributed	distribute	VERB
ftr-385	348	34	hot	hot	ADJ
ftr-385	348	35	asset	asset	NOUN
ftr-385	348	36	.	.	PUNCT
ftr-385	349	1	a	a	PRON
ftr-385	349	2	has	have	AUX
ftr-385	349	3	relinquished	relinquish	VERB
ftr-385	349	4	a	a	DET
ftr-385	349	5	$	$	SYM
ftr-385	349	6	50	50	NUM
ftr-385	349	7	share	share	NOUN
ftr-385	349	8	of	of	ADP
ftr-385	349	9	cold	cold	ADJ
ftr-385	349	10	asset	asset	NOUN
ftr-385	349	11	gain	gain	NOUN
ftr-385	349	12	in	in	ADP
ftr-385	349	13	exchange	exchange	NOUN
ftr-385	349	14	for	for	ADP
ftr-385	349	15	an	an	DET
ftr-385	349	16	increased	increase	VERB
ftr-385	349	17	interest	interest	NOUN
ftr-385	349	18	in	in	ADP
ftr-385	349	19	hot	hot	ADJ
ftr-385	349	20	assets	asset	NOUN
ftr-385	349	21	.	.	PUNCT
ftr-385	350	1	the	the	DET
ftr-385	350	2	basis	basis	NOUN
ftr-385	350	3	of	of	ADP
ftr-385	350	4	the	the	DET
ftr-385	350	5	partnership	partnership	NOUN
ftr-385	350	6	’s	’s	PART
ftr-385	350	7	retained	retain	VERB
ftr-385	350	8	cold	cold	ADJ
ftr-385	350	9	asset	asset	NOUN
ftr-385	350	10	would	would	AUX
ftr-385	350	11	be	be	AUX
ftr-385	350	12	adjusted	adjust	VERB
ftr-385	350	13	upward	upward	ADV
ftr-385	350	14	by	by	ADP
ftr-385	350	15	the	the	DET
ftr-385	350	16	amount	amount	NOUN
ftr-385	350	17	of	of	ADP
ftr-385	350	18	a	a	DET
ftr-385	350	19	’s	’s	ADV
ftr-385	350	20	recognized	recognize	VERB
ftr-385	350	21	gain	gain	NOUN
ftr-385	350	22	(	(	PUNCT
ftr-385	350	23	$	$	SYM
ftr-385	350	24	50	50	NUM
ftr-385	350	25	)	)	PUNCT
ftr-385	350	26	and	and	CCONJ
ftr-385	350	27	the	the	DET
ftr-385	350	28	basis	basis	NOUN
ftr-385	350	29	of	of	ADP
ftr-385	350	30	the	the	DET
ftr-385	350	31	retained	retain	VERB
ftr-385	350	32	hot	hot	ADJ
ftr-385	350	33	asset	asset	NOUN
ftr-385	350	34	would	would	AUX
ftr-385	350	35	remain	remain	VERB
ftr-385	350	36	zero	zero	NUM
ftr-385	350	37	.	.	PUNCT
ftr-385	351	1	the	the	DET
ftr-385	351	2	continuing	continue	VERB
ftr-385	351	3	partners	partner	NOUN
ftr-385	351	4	would	would	AUX
ftr-385	351	5	have	have	VERB
ftr-385	351	6	a	a	DET
ftr-385	351	7	$	$	SYM
ftr-385	351	8	100	100	NUM
ftr-385	351	9	share	share	NOUN
ftr-385	351	10	of	of	ADP
ftr-385	351	11	cold	cold	ADJ
ftr-385	351	12	asset	asset	NOUN
ftr-385	351	13	gain	gain	VERB
ftr-385	351	14	and64	and64	ADV
ftr-385	351	15	a	a	DET
ftr-385	351	16	$	$	SYM
ftr-385	351	17	50	50	NUM
ftr-385	351	18	share	share	NOUN
ftr-385	351	19	of	of	ADP
ftr-385	351	20	hot	hot	ADJ
ftr-385	351	21	asset	asset	NOUN
ftr-385	351	22	gain	gain	NOUN
ftr-385	351	23	inside	inside	ADP
ftr-385	351	24	the	the	DET
ftr-385	351	25	partnership	partnership	NOUN
ftr-385	351	26	.	.	PUNCT
ftr-385	352	1	alternatively	alternatively	ADV
ftr-385	352	2	,	,	PUNCT
ftr-385	352	3	if	if	SCONJ
ftr-385	352	4	a65	a65	PROPN
ftr-385	352	5	foregoes	forego	VERB
ftr-385	352	6	a	a	DET
ftr-385	352	7	cost	cost	NOUN
ftr-385	352	8	basis	basis	NOUN
ftr-385	352	9	in	in	ADP
ftr-385	352	10	the	the	DET
ftr-385	352	11	purchased	purchase	VERB
ftr-385	352	12	portion	portion	NOUN
ftr-385	352	13	of	of	ADP
ftr-385	352	14	the	the	DET
ftr-385	352	15	partnership	partnership	NOUN
ftr-385	352	16	’s	’s	PART
ftr-385	352	17	hot	hot	ADJ
ftr-385	352	18	assets	asset	NOUN
ftr-385	352	19	,	,	PUNCT
ftr-385	352	20	a	a	PRON
ftr-385	352	21	would	would	AUX
ftr-385	352	22	have	have	VERB
ftr-385	352	23	additional	additional	ADJ
ftr-385	352	24	ordinary	ordinary	ADJ
ftr-385	352	25	income	income	NOUN
ftr-385	352	26	of	of	ADP
ftr-385	352	27	$	$	SYM
ftr-385	352	28	50	50	NUM
ftr-385	352	29	outside	outside	ADP
ftr-385	352	30	the	the	DET
ftr-385	352	31	partnership	partnership	NOUN
ftr-385	352	32	,	,	PUNCT
ftr-385	352	33	and	and	CCONJ
ftr-385	352	34	the	the	DET
ftr-385	352	35	continuing	continue	VERB
ftr-385	352	36	partners	partner	NOUN
ftr-385	352	37	could	could	AUX
ftr-385	352	38	be	be	AUX
ftr-385	352	39	allowed	allow	VERB
ftr-385	352	40	a	a	DET
ftr-385	352	41	$	$	SYM
ftr-385	352	42	50	50	NUM
ftr-385	352	43	increase	increase	NOUN
ftr-385	352	44	to	to	ADP
ftr-385	352	45	the	the	DET
ftr-385	352	46	basis	basis	NOUN
ftr-385	352	47	of	of	ADP
ftr-385	352	48	retained	retain	VERB
ftr-385	352	49	cold	cold	ADJ
ftr-385	352	50	assets	asset	NOUN
ftr-385	352	51	.	.	PUNCT
ftr-385	353	1	where	where	SCONJ
ftr-385	353	2	problems	problem	NOUN
ftr-385	353	3	of	of	ADP
ftr-385	353	4	basis	basis	NOUN
ftr-385	353	5	insufficiency	insufficiency	NOUN
ftr-385	353	6	do	do	AUX
ftr-385	353	7	not	not	PART
ftr-385	353	8	arise	arise	VERB
ftr-385	353	9	,	,	PUNCT
ftr-385	353	10	the	the	DET
ftr-385	353	11	hot	hot	ADJ
ftr-385	353	12	asset	asset	NOUN
ftr-385	353	13	sale	sale	NOUN
ftr-385	353	14	approach	approach	NOUN
ftr-385	353	15	works	work	VERB
ftr-385	353	16	properly	properly	ADV
ftr-385	353	17	.	.	PUNCT
ftr-385	354	1	for	for	ADP
ftr-385	354	2	example	example	NOUN
ftr-385	354	3	,	,	PUNCT
ftr-385	354	4	assume	assume	VERB
ftr-385	354	5	that	that	SCONJ
ftr-385	354	6	the	the	DET
ftr-385	354	7	facts	fact	NOUN
ftr-385	354	8	are	be	AUX
ftr-385	354	9	the	the	DET
ftr-385	354	10	same	same	ADJ
ftr-385	354	11	as	as	ADP
ftr-385	354	12	in	in	ADP
ftr-385	354	13	example	example	NOUN
ftr-385	354	14	(	(	PUNCT
ftr-385	354	15	2	2	NUM
ftr-385	354	16	)	)	PUNCT
ftr-385	354	17	except	except	SCONJ
ftr-385	354	18	that	that	SCONJ
ftr-385	354	19	the	the	DET
ftr-385	354	20	partnership	partnership	NOUN
ftr-385	354	21	owns	own	VERB
ftr-385	354	22	an	an	DET
ftr-385	354	23	additional	additional	ADJ
ftr-385	354	24	cold	cold	ADJ
ftr-385	354	25	asset	asset	NOUN
ftr-385	354	26	with	with	ADP
ftr-385	354	27	344	344	NUM
ftr-385	354	28	florida	florida	PROPN
ftr-385	354	29	tax	tax	NOUN
ftr-385	354	30	review	review	NOUN
ftr-385	355	1	[	[	X
ftr-385	355	2	vol.8:3	vol.8:3	NOUN
ftr-385	355	3	66	66	NUM
ftr-385	355	4	.	.	PUNCT
ftr-385	356	1	the	the	DET
ftr-385	356	2	bc	bc	PROPN
ftr-385	356	3	partnership	partnership	PROPN
ftr-385	356	4	would	would	AUX
ftr-385	356	5	have	have	VERB
ftr-385	356	6	the	the	DET
ftr-385	356	7	following	follow	VERB
ftr-385	356	8	post	post	ADJ
ftr-385	356	9	-	-	ADJ
ftr-385	356	10	distribution	distribution	ADJ
ftr-385	356	11	balance	balance	NOUN
ftr-385	356	12	sheet	sheet	NOUN
ftr-385	356	13	:	:	PUNCT
ftr-385	356	14	assets	asset	NOUN
ftr-385	356	15	basis	basis	NOUN
ftr-385	356	16	value	value	NOUN
ftr-385	356	17	capital	capital	NOUN
ftr-385	356	18	tax	tax	NOUN
ftr-385	356	19	book	book	NOUN
ftr-385	356	20	hot	hot	ADJ
ftr-385	356	21	asset	asset	NOUN
ftr-385	356	22	$	$	SYM
ftr-385	356	23	0	0	NUM
ftr-385	356	24	$	$	SYM
ftr-385	356	25	50	50	NUM
ftr-385	356	26	b	b	NOUN
ftr-385	356	27	$	$	SYM
ftr-385	356	28	75	75	NUM
ftr-385	356	29	$	$	SYM
ftr-385	356	30	150	150	NUM
ftr-385	356	31	cold	cold	ADJ
ftr-385	356	32	asset	asset	NOUN
ftr-385	356	33	#	#	SYM
ftr-385	356	34	1	1	NUM
ftr-385	356	35	50	50	NUM
ftr-385	356	36	150	150	NUM
ftr-385	356	37	c	c	NOUN
ftr-385	356	38	75	75	NUM
ftr-385	356	39	150	150	NUM
ftr-385	356	40	cold	cold	ADJ
ftr-385	356	41	asset	asset	NOUN
ftr-385	356	42	#	#	SYM
ftr-385	356	43	2	2	NUM
ftr-385	356	44	100	100	NUM
ftr-385	356	45	100	100	NUM
ftr-385	356	46	total	total	ADJ
ftr-385	356	47	$	$	SYM
ftr-385	356	48	150	150	NUM
ftr-385	356	49	$	$	SYM
ftr-385	356	50	300	300	NUM
ftr-385	356	51	total	total	NOUN
ftr-385	356	52	$	$	SYM
ftr-385	356	53	150	150	NUM
ftr-385	356	54	$	$	SYM
ftr-385	356	55	300	300	NUM
ftr-385	356	56	67	67	NUM
ftr-385	356	57	.	.	PUNCT
ftr-385	357	1	in	in	ADP
ftr-385	357	2	effect	effect	NOUN
ftr-385	357	3	,	,	PUNCT
ftr-385	357	4	a	a	PRON
ftr-385	357	5	has	have	AUX
ftr-385	357	6	relinquished	relinquish	VERB
ftr-385	357	7	a	a	DET
ftr-385	357	8	$	$	SYM
ftr-385	357	9	50	50	NUM
ftr-385	357	10	interest	interest	NOUN
ftr-385	357	11	in	in	ADP
ftr-385	357	12	inside	inside	ADJ
ftr-385	357	13	basis	basis	NOUN
ftr-385	357	14	(	(	PUNCT
ftr-385	357	15	a	a	DET
ftr-385	357	16	cold	cold	ADJ
ftr-385	357	17	asset	asset	NOUN
ftr-385	357	18	)	)	PUNCT
ftr-385	357	19	in	in	ADP
ftr-385	357	20	exchange	exchange	NOUN
ftr-385	357	21	for	for	ADP
ftr-385	357	22	a	a	DET
ftr-385	357	23	$	$	SYM
ftr-385	357	24	50	50	NUM
ftr-385	357	25	interest	interest	NOUN
ftr-385	357	26	in	in	ADP
ftr-385	357	27	cold	cold	ADJ
ftr-385	357	28	asset	asset	NOUN
ftr-385	357	29	gain	gain	NOUN
ftr-385	357	30	(	(	PUNCT
ftr-385	357	31	and	and	CCONJ
ftr-385	357	32	value	value	NOUN
ftr-385	357	33	)	)	PUNCT
ftr-385	357	34	.	.	PUNCT
ftr-385	358	1	68	68	NUM
ftr-385	358	2	.	.	PUNCT
ftr-385	359	1	this	this	DET
ftr-385	359	2	example	example	NOUN
ftr-385	359	3	is	be	AUX
ftr-385	359	4	derived	derive	VERB
ftr-385	359	5	from	from	ADP
ftr-385	359	6	notice	notice	NOUN
ftr-385	359	7	2006	2006	NUM
ftr-385	359	8	-	-	SYM
ftr-385	359	9	14	14	NUM
ftr-385	359	10	,	,	PUNCT
ftr-385	359	11	supra	supra	NOUN
ftr-385	359	12	note	note	NOUN
ftr-385	359	13	1	1	NUM
ftr-385	359	14	,	,	PUNCT
ftr-385	359	15	example	example	NOUN
ftr-385	359	16	2	2	NUM
ftr-385	359	17	.	.	NOUN
ftr-385	359	18	69	69	NUM
ftr-385	359	19	.	.	PUNCT
ftr-385	360	1	the	the	DET
ftr-385	360	2	bc	bc	PROPN
ftr-385	360	3	partnership	partnership	PROPN
ftr-385	360	4	would	would	AUX
ftr-385	360	5	have	have	VERB
ftr-385	360	6	the	the	DET
ftr-385	360	7	following	follow	VERB
ftr-385	360	8	post	post	ADJ
ftr-385	360	9	-	-	ADJ
ftr-385	360	10	distribution	distribution	ADJ
ftr-385	360	11	balance	balance	NOUN
ftr-385	360	12	sheet	sheet	NOUN
ftr-385	360	13	:	:	PUNCT
ftr-385	360	14	assets	asset	NOUN
ftr-385	360	15	basis	basis	NOUN
ftr-385	360	16	value	value	NOUN
ftr-385	360	17	capital	capital	NOUN
ftr-385	360	18	tax	tax	NOUN
ftr-385	360	19	book	book	NOUN
ftr-385	360	20	hot	hot	ADJ
ftr-385	360	21	asset	asset	NOUN
ftr-385	360	22	$	$	SYM
ftr-385	360	23	50	50	NUM
ftr-385	360	24	$	$	SYM
ftr-385	360	25	150	150	NUM
ftr-385	360	26	b	b	NUM
ftr-385	360	27	$	$	SYM
ftr-385	360	28	0	0	NUM
ftr-385	360	29	$	$	SYM
ftr-385	360	30	100	100	NUM
ftr-385	360	31	cold	cold	ADJ
ftr-385	360	32	asset	asset	NOUN
ftr-385	360	33	0	0	NUM
ftr-385	360	34	50	50	NUM
ftr-385	360	35	c	c	NOUN
ftr-385	360	36	0	0	NUM
ftr-385	360	37	100	100	NUM
ftr-385	360	38	total	total	ADJ
ftr-385	360	39	$	$	SYM
ftr-385	360	40	50	50	NUM
ftr-385	360	41	$	$	SYM
ftr-385	360	42	200	200	NUM
ftr-385	360	43	total	total	ADJ
ftr-385	360	44	$	$	SYM
ftr-385	360	45	0	0	NUM
ftr-385	360	46	$	$	SYM
ftr-385	360	47	200	200	NUM
ftr-385	360	48	a	a	DET
ftr-385	360	49	basis	basis	NOUN
ftr-385	360	50	of	of	ADP
ftr-385	360	51	$	$	SYM
ftr-385	360	52	150	150	NUM
ftr-385	360	53	and	and	CCONJ
ftr-385	360	54	a	a	DET
ftr-385	360	55	fair	fair	ADJ
ftr-385	360	56	market	market	NOUN
ftr-385	360	57	value	value	NOUN
ftr-385	360	58	of	of	ADP
ftr-385	360	59	$	$	SYM
ftr-385	360	60	150	150	NUM
ftr-385	360	61	,	,	PUNCT
ftr-385	360	62	and	and	CCONJ
ftr-385	360	63	each	each	DET
ftr-385	360	64	partner	partner	NOUN
ftr-385	360	65	has	have	VERB
ftr-385	360	66	an	an	DET
ftr-385	360	67	outside	outside	ADJ
ftr-385	360	68	basis	basis	NOUN
ftr-385	360	69	(	(	PUNCT
ftr-385	360	70	$	$	SYM
ftr-385	360	71	50	50	NUM
ftr-385	360	72	)	)	PUNCT
ftr-385	360	73	equal	equal	ADJ
ftr-385	360	74	to	to	ADP
ftr-385	360	75	one	one	NUM
ftr-385	360	76	third	third	NOUN
ftr-385	360	77	of	of	ADP
ftr-385	360	78	the	the	DET
ftr-385	360	79	partnership	partnership	NOUN
ftr-385	360	80	’s	’s	PART
ftr-385	360	81	inside	inside	ADJ
ftr-385	360	82	basis	basis	NOUN
ftr-385	360	83	.	.	PUNCT
ftr-385	361	1	on	on	ADP
ftr-385	361	2	the	the	DET
ftr-385	361	3	liquidating	liquidating	NOUN
ftr-385	361	4	distribution	distribution	NOUN
ftr-385	361	5	,	,	PUNCT
ftr-385	361	6	a	a	PRON
ftr-385	361	7	again	again	ADV
ftr-385	361	8	receives	receive	VERB
ftr-385	361	9	two	two	NUM
ftr-385	361	10	thirds	third	NOUN
ftr-385	361	11	of	of	ADP
ftr-385	361	12	the	the	DET
ftr-385	361	13	zero	zero	NUM
ftr-385	361	14	-	-	PUNCT
ftr-385	361	15	basis	basis	NOUN
ftr-385	361	16	hot	hot	ADJ
ftr-385	361	17	asset	asset	NOUN
ftr-385	361	18	(	(	PUNCT
ftr-385	361	19	worth	worth	ADJ
ftr-385	361	20	$	$	SYM
ftr-385	361	21	100	100	NUM
ftr-385	361	22	)	)	PUNCT
ftr-385	361	23	and	and	CCONJ
ftr-385	361	24	one	one	NUM
ftr-385	361	25	third	third	NOUN
ftr-385	361	26	of	of	ADP
ftr-385	361	27	the	the	DET
ftr-385	361	28	unappreciated	unappreciated	ADJ
ftr-385	361	29	cold	cold	ADJ
ftr-385	361	30	asset	asset	NOUN
ftr-385	361	31	(	(	PUNCT
ftr-385	361	32	worth	worth	ADJ
ftr-385	361	33	$	$	SYM
ftr-385	361	34	50	50	NUM
ftr-385	361	35	)	)	PUNCT
ftr-385	361	36	.	.	PUNCT
ftr-385	362	1	b	b	X
ftr-385	363	1	and	and	CCONJ
ftr-385	363	2	c	c	PROPN
ftr-385	363	3	would	would	AUX
ftr-385	363	4	again	again	ADV
ftr-385	363	5	recognize	recognize	VERB
ftr-385	363	6	hot	hot	ADJ
ftr-385	363	7	asset	asset	NOUN
ftr-385	363	8	gain	gain	NOUN
ftr-385	363	9	of	of	ADP
ftr-385	363	10	$	$	SYM
ftr-385	363	11	50	50	NUM
ftr-385	363	12	,	,	PUNCT
ftr-385	363	13	and	and	CCONJ
ftr-385	363	14	a	a	PRON
ftr-385	363	15	would	would	AUX
ftr-385	363	16	take	take	VERB
ftr-385	363	17	a	a	DET
ftr-385	363	18	basis	basis	NOUN
ftr-385	363	19	of	of	ADP
ftr-385	363	20	$	$	SYM
ftr-385	363	21	50	50	NUM
ftr-385	363	22	in	in	ADP
ftr-385	363	23	the	the	DET
ftr-385	363	24	distributed	distribute	VERB
ftr-385	363	25	hot	hot	ADJ
ftr-385	363	26	asset	asset	NOUN
ftr-385	363	27	,	,	PUNCT
ftr-385	363	28	reducing	reduce	VERB
ftr-385	363	29	a	a	DET
ftr-385	363	30	’s	’s	NOUN
ftr-385	363	31	outside	outside	ADJ
ftr-385	363	32	basis	basis	NOUN
ftr-385	363	33	to	to	ADP
ftr-385	363	34	zero	zero	NUM
ftr-385	363	35	.	.	PUNCT
ftr-385	364	1	since	since	SCONJ
ftr-385	364	2	a	a	DET
ftr-385	364	3	’s	’s	ADV
ftr-385	364	4	remaining	remain	VERB
ftr-385	364	5	outside	outside	ADJ
ftr-385	364	6	basis	basis	NOUN
ftr-385	364	7	(	(	PUNCT
ftr-385	364	8	zero	zero	NUM
ftr-385	364	9	)	)	PUNCT
ftr-385	364	10	is	be	AUX
ftr-385	364	11	less	less	ADJ
ftr-385	364	12	than	than	ADP
ftr-385	364	13	the	the	DET
ftr-385	364	14	inside	inside	ADJ
ftr-385	364	15	basis	basis	NOUN
ftr-385	364	16	of	of	ADP
ftr-385	364	17	the	the	DET
ftr-385	364	18	distributed	distribute	VERB
ftr-385	364	19	cold	cold	ADJ
ftr-385	364	20	asset	asset	NOUN
ftr-385	364	21	(	(	PUNCT
ftr-385	364	22	$	$	SYM
ftr-385	364	23	50	50	NUM
ftr-385	364	24	)	)	PUNCT
ftr-385	364	25	,	,	PUNCT
ftr-385	364	26	the	the	DET
ftr-385	364	27	partnership	partnership	NOUN
ftr-385	364	28	would	would	AUX
ftr-385	364	29	be	be	AUX
ftr-385	364	30	entitled	entitle	VERB
ftr-385	364	31	to	to	ADP
ftr-385	364	32	an	an	DET
ftr-385	364	33	upward	upward	ADJ
ftr-385	364	34	section	section	NOUN
ftr-385	364	35	734(b	734(b	NOUN
ftr-385	364	36	)	)	PUNCT
ftr-385	364	37	basis	basis	NOUN
ftr-385	364	38	adjustment	adjustment	NOUN
ftr-385	364	39	,	,	PUNCT
ftr-385	364	40	eliminating	eliminate	VERB
ftr-385	364	41	$	$	SYM
ftr-385	364	42	50	50	NUM
ftr-385	364	43	of	of	ADP
ftr-385	364	44	cold	cold	ADJ
ftr-385	364	45	asset	asset	NOUN
ftr-385	364	46	gain	gain	NOUN
ftr-385	364	47	inside	inside	ADP
ftr-385	364	48	the	the	DET
ftr-385	364	49	partnership.66	partnership.66	NOUN
ftr-385	364	50	the	the	DET
ftr-385	364	51	inside	inside	ADJ
ftr-385	364	52	basis	basis	NOUN
ftr-385	364	53	increase	increase	NOUN
ftr-385	364	54	properly	properly	ADV
ftr-385	364	55	reflects	reflect	VERB
ftr-385	364	56	the	the	DET
ftr-385	364	57	nondistributee	nondistributee	NOUN
ftr-385	364	58	partners	partner	NOUN
ftr-385	364	59	’	'	PUNCT
ftr-385	364	60	cost	cost	NOUN
ftr-385	364	61	of	of	ADP
ftr-385	364	62	acquiring	acquire	VERB
ftr-385	364	63	a	a	DET
ftr-385	364	64	’s	’s	ADJ
ftr-385	364	65	former	former	ADJ
ftr-385	364	66	share	share	NOUN
ftr-385	364	67	of	of	ADP
ftr-385	364	68	the	the	DET
ftr-385	364	69	partnership	partnership	NOUN
ftr-385	364	70	’s	’s	PART
ftr-385	364	71	retained	retain	VERB
ftr-385	364	72	cold	cold	ADJ
ftr-385	364	73	asset	asset	NOUN
ftr-385	364	74	.	.	PUNCT
ftr-385	365	1	a	a	PRON
ftr-385	365	2	recognizes	recognize	VERB
ftr-385	365	3	no	no	DET
ftr-385	365	4	capital	capital	NOUN
ftr-385	365	5	gain	gain	NOUN
ftr-385	365	6	immediately	immediately	ADV
ftr-385	365	7	,	,	PUNCT
ftr-385	365	8	since	since	SCONJ
ftr-385	365	9	a	a	DET
ftr-385	365	10	’s	’s	ADJ
ftr-385	365	11	$	$	SYM
ftr-385	365	12	50	50	NUM
ftr-385	365	13	share	share	NOUN
ftr-385	365	14	of	of	ADP
ftr-385	365	15	cold	cold	ADJ
ftr-385	365	16	asset	asset	NOUN
ftr-385	365	17	gain	gain	NOUN
ftr-385	365	18	is	be	AUX
ftr-385	365	19	preserved	preserve	VERB
ftr-385	365	20	in	in	ADP
ftr-385	365	21	the	the	DET
ftr-385	365	22	distributed	distribute	VERB
ftr-385	365	23	cold	cold	ADJ
ftr-385	365	24	asset	asset	NOUN
ftr-385	365	25	whose	whose	DET
ftr-385	365	26	basis	basis	NOUN
ftr-385	365	27	is	be	AUX
ftr-385	365	28	stepped	step	VERB
ftr-385	365	29	down	down	ADV
ftr-385	365	30	from	from	ADP
ftr-385	365	31	$	$	SYM
ftr-385	365	32	50	50	NUM
ftr-385	365	33	to	to	ADP
ftr-385	365	34	zero	zero	NUM
ftr-385	365	35	in	in	ADP
ftr-385	365	36	a	a	DET
ftr-385	365	37	’s	’s	ADJ
ftr-385	365	38	hands.67	hands.67	NOUN
ftr-385	365	39	example	example	NOUN
ftr-385	365	40	(	(	PUNCT
ftr-385	365	41	3	3	NUM
ftr-385	365	42	):	):	PUNCT
ftr-385	365	43	the	the	DET
ftr-385	365	44	facts	fact	NOUN
ftr-385	365	45	are	be	AUX
ftr-385	365	46	the	the	DET
ftr-385	365	47	same	same	ADJ
ftr-385	365	48	as	as	ADP
ftr-385	365	49	in	in	ADP
ftr-385	365	50	example	example	NOUN
ftr-385	365	51	(	(	PUNCT
ftr-385	365	52	2	2	NUM
ftr-385	365	53	)	)	PUNCT
ftr-385	365	54	,	,	PUNCT
ftr-385	365	55	except	except	SCONJ
ftr-385	365	56	that	that	SCONJ
ftr-385	365	57	a68	a68	NOUN
ftr-385	365	58	receives	receive	VERB
ftr-385	365	59	a	a	DET
ftr-385	365	60	liquidating	liquidate	VERB
ftr-385	365	61	distribution	distribution	NOUN
ftr-385	365	62	of	of	ADP
ftr-385	365	63	two	two	NUM
ftr-385	365	64	thirds	third	NOUN
ftr-385	365	65	of	of	ADP
ftr-385	365	66	the	the	DET
ftr-385	365	67	cold	cold	ADJ
ftr-385	365	68	asset	asset	NOUN
ftr-385	365	69	with	with	ADP
ftr-385	365	70	a	a	DET
ftr-385	365	71	value	value	NOUN
ftr-385	365	72	of	of	ADP
ftr-385	365	73	$	$	SYM
ftr-385	365	74	100	100	NUM
ftr-385	365	75	.	.	PUNCT
ftr-385	366	1	since	since	SCONJ
ftr-385	366	2	a	a	DET
ftr-385	366	3	’s	’s	ADJ
ftr-385	366	4	share	share	NOUN
ftr-385	366	5	of	of	ADP
ftr-385	366	6	hot	hot	ADJ
ftr-385	366	7	asset	asset	NOUN
ftr-385	366	8	gain	gain	NOUN
ftr-385	366	9	is	be	AUX
ftr-385	366	10	reduced	reduce	VERB
ftr-385	366	11	to	to	ADP
ftr-385	366	12	zero	zero	NUM
ftr-385	366	13	,	,	PUNCT
ftr-385	366	14	a	a	PRON
ftr-385	366	15	is	be	AUX
ftr-385	366	16	deemed	deem	VERB
ftr-385	366	17	to	to	PART
ftr-385	366	18	sell	sell	VERB
ftr-385	366	19	$	$	SYM
ftr-385	366	20	50	50	NUM
ftr-385	366	21	worth	worth	NOUN
ftr-385	366	22	of	of	ADP
ftr-385	366	23	zero	zero	NUM
ftr-385	366	24	-	-	PUNCT
ftr-385	366	25	basis	basis	NOUN
ftr-385	366	26	hot	hot	ADJ
ftr-385	366	27	assets	asset	NOUN
ftr-385	366	28	to	to	ADP
ftr-385	366	29	b	b	NOUN
ftr-385	366	30	and	and	CCONJ
ftr-385	366	31	c.	c.	PROPN
ftr-385	366	32	accordingly	accordingly	ADV
ftr-385	366	33	,	,	PUNCT
ftr-385	366	34	a	a	PRON
ftr-385	366	35	recognizes	recognize	VERB
ftr-385	366	36	$	$	SYM
ftr-385	366	37	50	50	NUM
ftr-385	366	38	of	of	ADP
ftr-385	366	39	ordinary	ordinary	ADJ
ftr-385	366	40	income	income	NOUN
ftr-385	366	41	,	,	PUNCT
ftr-385	366	42	increasing	increase	VERB
ftr-385	366	43	a	a	DET
ftr-385	366	44	’s	’s	NOUN
ftr-385	366	45	outside	outside	ADJ
ftr-385	366	46	basis	basis	NOUN
ftr-385	366	47	and	and	CCONJ
ftr-385	366	48	the	the	DET
ftr-385	366	49	partnership	partnership	NOUN
ftr-385	366	50	’s	’s	PART
ftr-385	366	51	basis	basis	NOUN
ftr-385	366	52	in	in	ADP
ftr-385	366	53	the	the	DET
ftr-385	366	54	retained	retain	VERB
ftr-385	366	55	hot	hot	ADJ
ftr-385	366	56	asset	asset	NOUN
ftr-385	366	57	to	to	ADP
ftr-385	366	58	$	$	SYM
ftr-385	366	59	50	50	NUM
ftr-385	366	60	.	.	PUNCT
ftr-385	367	1	under	under	ADP
ftr-385	367	2	section	section	NOUN
ftr-385	367	3	732(b	732(b	PROPN
ftr-385	367	4	)	)	PUNCT
ftr-385	367	5	,	,	PUNCT
ftr-385	367	6	the	the	DET
ftr-385	367	7	distributed	distribute	VERB
ftr-385	367	8	cold	cold	ADJ
ftr-385	367	9	asset	asset	NOUN
ftr-385	367	10	takes	take	VERB
ftr-385	367	11	a	a	DET
ftr-385	367	12	basis	basis	NOUN
ftr-385	367	13	of	of	ADP
ftr-385	367	14	$	$	SYM
ftr-385	367	15	50	50	NUM
ftr-385	367	16	in	in	ADP
ftr-385	367	17	a	a	DET
ftr-385	367	18	’s	’s	ADJ
ftr-385	367	19	hands	hand	NOUN
ftr-385	367	20	equal	equal	ADJ
ftr-385	367	21	to	to	ADP
ftr-385	367	22	a	a	DET
ftr-385	367	23	’s	’s	NOUN
ftr-385	367	24	outside	outside	ADJ
ftr-385	367	25	basis	basis	NOUN
ftr-385	367	26	,	,	PUNCT
ftr-385	367	27	triggering	trigger	VERB
ftr-385	367	28	a	a	DET
ftr-385	367	29	downward	downward	ADJ
ftr-385	367	30	section	section	NOUN
ftr-385	367	31	734(b	734(b	NOUN
ftr-385	367	32	)	)	PUNCT
ftr-385	367	33	basis	basis	NOUN
ftr-385	367	34	adjustment	adjustment	NOUN
ftr-385	367	35	to	to	ADP
ftr-385	367	36	the	the	DET
ftr-385	367	37	partnership	partnership	NOUN
ftr-385	367	38	’s	’s	PART
ftr-385	367	39	retained	retain	VERB
ftr-385	367	40	cold	cold	ADJ
ftr-385	367	41	asset	asset	NOUN
ftr-385	367	42	.	.	PUNCT
ftr-385	368	1	the	the	DET
ftr-385	368	2	section	section	NOUN
ftr-385	368	3	734(b	734(b	PROPN
ftr-385	368	4	)	)	PUNCT
ftr-385	368	5	adjustment	adjustment	NOUN
ftr-385	368	6	is	be	AUX
ftr-385	368	7	suspended	suspend	VERB
ftr-385	368	8	,	,	PUNCT
ftr-385	368	9	however	however	ADV
ftr-385	368	10	,	,	PUNCT
ftr-385	368	11	because	because	SCONJ
ftr-385	368	12	the	the	DET
ftr-385	368	13	partnership	partnership	NOUN
ftr-385	368	14	’s	’s	PART
ftr-385	368	15	basis	basis	NOUN
ftr-385	368	16	in	in	ADP
ftr-385	368	17	the	the	DET
ftr-385	368	18	retained	retain	VERB
ftr-385	368	19	cold	cold	ADJ
ftr-385	368	20	asset	asset	NOUN
ftr-385	368	21	can	can	AUX
ftr-385	368	22	not	not	PART
ftr-385	368	23	be	be	AUX
ftr-385	368	24	reduced	reduce	VERB
ftr-385	368	25	below	below	ADP
ftr-385	368	26	zero.69	zero.69	PROPN
ftr-385	368	27	thus	thus	ADV
ftr-385	368	28	,	,	PUNCT
ftr-385	368	29	notice	notice	VERB
ftr-385	368	30	2006	2006	NUM
ftr-385	368	31	-	-	SYM
ftr-385	368	32	14	14	NUM
ftr-385	368	33	states	state	NOUN
ftr-385	368	34	that	that	SCONJ
ftr-385	368	35	capital	capital	NOUN
ftr-385	368	36	gain	gain	NOUN
ftr-385	368	37	of	of	ADP
ftr-385	368	38	$	$	SYM
ftr-385	368	39	50	50	NUM
ftr-385	368	40	is	be	AUX
ftr-385	368	41	“	"	PUNCT
ftr-385	368	42	potentially	potentially	ADV
ftr-385	368	43	eliminated	eliminate	VERB
ftr-385	368	44	2007	2007	NUM
ftr-385	368	45	]	]	PUNCT
ftr-385	368	46	taxing	tax	VERB
ftr-385	368	47	hot	hot	ADJ
ftr-385	368	48	asset	asset	NOUN
ftr-385	368	49	shifts	shift	NOUN
ftr-385	368	50	345	345	NUM
ftr-385	368	51	70	70	NUM
ftr-385	368	52	.	.	PUNCT
ftr-385	369	1	i	i	PRON
ftr-385	369	2	d.	d.	PROPN
ftr-385	369	3	the	the	DET
ftr-385	369	4	nondistributee	nondistributee	NOUN
ftr-385	369	5	partners	partner	NOUN
ftr-385	369	6	will	will	AUX
ftr-385	369	7	eventually	eventually	ADV
ftr-385	369	8	recognize	recognize	VERB
ftr-385	369	9	capital	capital	NOUN
ftr-385	369	10	gain	gain	NOUN
ftr-385	369	11	of	of	ADP
ftr-385	369	12	$	$	SYM
ftr-385	369	13	50	50	NUM
ftr-385	369	14	on	on	ADP
ftr-385	369	15	liquidation	liquidation	NOUN
ftr-385	369	16	of	of	ADP
ftr-385	369	17	the	the	DET
ftr-385	369	18	partnership	partnership	NOUN
ftr-385	369	19	or	or	CCONJ
ftr-385	369	20	sale	sale	NOUN
ftr-385	369	21	of	of	ADP
ftr-385	369	22	their	their	PRON
ftr-385	369	23	partnership	partnership	NOUN
ftr-385	369	24	interests	interest	NOUN
ftr-385	369	25	.	.	PUNCT
ftr-385	370	1	71	71	NUM
ftr-385	370	2	.	.	PUNCT
ftr-385	371	1	the	the	DET
ftr-385	371	2	bc	bc	PROPN
ftr-385	371	3	partnership	partnership	PROPN
ftr-385	371	4	would	would	AUX
ftr-385	371	5	have	have	VERB
ftr-385	371	6	the	the	DET
ftr-385	371	7	following	follow	VERB
ftr-385	371	8	post	post	ADJ
ftr-385	371	9	-	-	ADJ
ftr-385	371	10	distribution	distribution	ADJ
ftr-385	371	11	balance	balance	NOUN
ftr-385	371	12	sheet	sheet	NOUN
ftr-385	371	13	:	:	PUNCT
ftr-385	371	14	assets	asset	NOUN
ftr-385	371	15	basis	basis	NOUN
ftr-385	371	16	value	value	NOUN
ftr-385	371	17	capital	capital	NOUN
ftr-385	371	18	tax	tax	NOUN
ftr-385	371	19	book	book	NOUN
ftr-385	371	20	hot	hot	ADJ
ftr-385	371	21	asset	asset	NOUN
ftr-385	371	22	$	$	SYM
ftr-385	371	23	50	50	NUM
ftr-385	371	24	$	$	SYM
ftr-385	371	25	150	150	NUM
ftr-385	371	26	b	b	NUM
ftr-385	371	27	$	$	SYM
ftr-385	371	28	25	25	NUM
ftr-385	371	29	$	$	SYM
ftr-385	371	30	100	100	NUM
ftr-385	371	31	cold	cold	ADJ
ftr-385	371	32	asset	asset	NOUN
ftr-385	371	33	0	0	NUM
ftr-385	371	34	50	50	NUM
ftr-385	371	35	c	c	NOUN
ftr-385	371	36	25	25	NUM
ftr-385	371	37	100	100	NUM
ftr-385	371	38	total	total	ADJ
ftr-385	371	39	$	$	SYM
ftr-385	371	40	50	50	NUM
ftr-385	371	41	$	$	SYM
ftr-385	371	42	200	200	NUM
ftr-385	371	43	total	total	ADJ
ftr-385	371	44	$	$	SYM
ftr-385	371	45	50	50	NUM
ftr-385	371	46	$	$	SYM
ftr-385	371	47	200	200	NUM
ftr-385	371	48	72	72	NUM
ftr-385	371	49	.	.	PUNCT
ftr-385	372	1	if	if	SCONJ
ftr-385	372	2	the	the	DET
ftr-385	372	3	partnership	partnership	NOUN
ftr-385	372	4	’s	’s	PART
ftr-385	372	5	retained	retain	VERB
ftr-385	372	6	cold	cold	ADJ
ftr-385	372	7	assets	asset	NOUN
ftr-385	372	8	had	have	VERB
ftr-385	372	9	sufficient	sufficient	ADJ
ftr-385	372	10	basis	basis	NOUN
ftr-385	372	11	to	to	PART
ftr-385	372	12	absorb	absorb	VERB
ftr-385	372	13	the	the	DET
ftr-385	372	14	required	required	ADJ
ftr-385	372	15	$	$	SYM
ftr-385	372	16	50	50	NUM
ftr-385	372	17	downward	downward	ADJ
ftr-385	372	18	adjustment	adjustment	NOUN
ftr-385	372	19	,	,	PUNCT
ftr-385	372	20	the	the	DET
ftr-385	372	21	continuing	continue	VERB
ftr-385	372	22	partners	partner	NOUN
ftr-385	372	23	would	would	AUX
ftr-385	372	24	not	not	PART
ftr-385	372	25	recognize	recognize	VERB
ftr-385	372	26	capital	capital	NOUN
ftr-385	372	27	gain	gain	NOUN
ftr-385	372	28	.	.	PUNCT
ftr-385	373	1	from	from	ADP
ftr-385	373	2	the	the	DET
ftr-385	373	3	system	system	NOUN
ftr-385	373	4	.	.	PUNCT
ftr-385	373	5	”	"	PUNCT
ftr-385	374	1	of	of	ADP
ftr-385	374	2	course	course	NOUN
ftr-385	374	3	,	,	PUNCT
ftr-385	374	4	the	the	DET
ftr-385	374	5	capital	capital	NOUN
ftr-385	374	6	gain	gain	NOUN
ftr-385	374	7	does	do	AUX
ftr-385	374	8	not	not	PART
ftr-385	374	9	actually	actually	ADV
ftr-385	374	10	disappear	disappear	VERB
ftr-385	374	11	but70	but70	NOUN
ftr-385	374	12	rather	rather	ADV
ftr-385	374	13	is	be	AUX
ftr-385	374	14	preserved	preserve	VERB
ftr-385	374	15	in	in	ADP
ftr-385	374	16	the	the	DET
ftr-385	374	17	nondistributee	nondistributee	NOUN
ftr-385	374	18	partners	partner	NOUN
ftr-385	374	19	’	'	PUNCT
ftr-385	374	20	outside	outside	ADJ
ftr-385	374	21	bases	basis	NOUN
ftr-385	374	22	.	.	PUNCT
ftr-385	375	1	in	in	ADP
ftr-385	375	2	example	example	NOUN
ftr-385	375	3	(	(	PUNCT
ftr-385	375	4	3	3	NUM
ftr-385	375	5	)	)	PUNCT
ftr-385	375	6	,	,	PUNCT
ftr-385	375	7	b	b	NOUN
ftr-385	375	8	and	and	CCONJ
ftr-385	375	9	c	c	PROPN
ftr-385	375	10	should	should	AUX
ftr-385	375	11	be	be	AUX
ftr-385	375	12	required	require	VERB
ftr-385	375	13	,	,	PUNCT
ftr-385	375	14	under	under	ADP
ftr-385	375	15	the	the	DET
ftr-385	375	16	authority	authority	NOUN
ftr-385	375	17	of	of	ADP
ftr-385	375	18	section	section	NOUN
ftr-385	375	19	751(b	751(b	PROPN
ftr-385	375	20	)	)	PUNCT
ftr-385	375	21	,	,	PUNCT
ftr-385	375	22	to	to	PART
ftr-385	375	23	recognize	recognize	VERB
ftr-385	375	24	immediately	immediately	ADV
ftr-385	375	25	capital	capital	NOUN
ftr-385	375	26	gain	gain	NOUN
ftr-385	375	27	of	of	ADP
ftr-385	375	28	$	$	SYM
ftr-385	375	29	50	50	NUM
ftr-385	375	30	equal	equal	ADJ
ftr-385	375	31	to	to	ADP
ftr-385	375	32	the	the	DET
ftr-385	375	33	amount	amount	NOUN
ftr-385	375	34	of	of	ADP
ftr-385	375	35	the	the	DET
ftr-385	375	36	prevented	prevent	VERB
ftr-385	375	37	section	section	NOUN
ftr-385	375	38	734(b	734(b	NOUN
ftr-385	375	39	)	)	PUNCT
ftr-385	375	40	adjustment	adjustment	NOUN
ftr-385	375	41	.	.	PUNCT
ftr-385	376	1	prior	prior	ADV
ftr-385	376	2	to	to	ADP
ftr-385	376	3	the	the	DET
ftr-385	376	4	distribution	distribution	NOUN
ftr-385	376	5	,	,	PUNCT
ftr-385	376	6	the	the	DET
ftr-385	376	7	partnership	partnership	NOUN
ftr-385	376	8	’s	’s	PART
ftr-385	376	9	basis	basis	NOUN
ftr-385	376	10	in	in	ADP
ftr-385	376	11	the	the	DET
ftr-385	376	12	distributed	distribute	VERB
ftr-385	376	13	cold	cold	ADJ
ftr-385	376	14	asset	asset	NOUN
ftr-385	376	15	would	would	AUX
ftr-385	376	16	thus	thus	ADV
ftr-385	376	17	be	be	AUX
ftr-385	376	18	increased	increase	VERB
ftr-385	376	19	from	from	ADP
ftr-385	376	20	zero	zero	NUM
ftr-385	376	21	to	to	ADP
ftr-385	376	22	$	$	SYM
ftr-385	376	23	50	50	NUM
ftr-385	376	24	.	.	PUNCT
ftr-385	377	1	since	since	SCONJ
ftr-385	377	2	the	the	DET
ftr-385	377	3	inside	inside	ADJ
ftr-385	377	4	basis	basis	NOUN
ftr-385	377	5	of	of	ADP
ftr-385	377	6	the	the	DET
ftr-385	377	7	distributed	distribute	VERB
ftr-385	377	8	cold	cold	ADJ
ftr-385	377	9	asset	asset	NOUN
ftr-385	377	10	would	would	AUX
ftr-385	377	11	be	be	AUX
ftr-385	377	12	the	the	DET
ftr-385	377	13	same	same	ADJ
ftr-385	377	14	as	as	ADP
ftr-385	377	15	a	a	DET
ftr-385	377	16	’s	’s	NOUN
ftr-385	377	17	outside	outside	ADJ
ftr-385	377	18	basis	basis	NOUN
ftr-385	377	19	(	(	PUNCT
ftr-385	377	20	$	$	SYM
ftr-385	377	21	50	50	NUM
ftr-385	377	22	)	)	PUNCT
ftr-385	377	23	,	,	PUNCT
ftr-385	377	24	no	no	DET
ftr-385	377	25	section	section	NOUN
ftr-385	377	26	734(b	734(b	NOUN
ftr-385	377	27	)	)	PUNCT
ftr-385	377	28	adjustment	adjustment	NOUN
ftr-385	377	29	would	would	AUX
ftr-385	377	30	be	be	AUX
ftr-385	377	31	triggered	trigger	VERB
ftr-385	377	32	.	.	PUNCT
ftr-385	378	1	b	b	X
ftr-385	378	2	and	and	CCONJ
ftr-385	378	3	c	c	PROPN
ftr-385	378	4	should	should	AUX
ftr-385	378	5	not	not	PART
ftr-385	378	6	be	be	AUX
ftr-385	378	7	permitted	permit	VERB
ftr-385	378	8	to	to	PART
ftr-385	378	9	enjoy	enjoy	VERB
ftr-385	378	10	the	the	DET
ftr-385	378	11	benefit	benefit	NOUN
ftr-385	378	12	of	of	ADP
ftr-385	378	13	an	an	DET
ftr-385	378	14	increased	increase	VERB
ftr-385	378	15	basis	basis	NOUN
ftr-385	378	16	in	in	ADP
ftr-385	378	17	the	the	DET
ftr-385	378	18	retained	retain	VERB
ftr-385	378	19	hot	hot	ADJ
ftr-385	378	20	asset	asset	NOUN
ftr-385	378	21	,	,	PUNCT
ftr-385	378	22	unless	unless	SCONJ
ftr-385	378	23	they	they	PRON
ftr-385	378	24	recognize	recognize	VERB
ftr-385	378	25	$	$	SYM
ftr-385	378	26	50	50	NUM
ftr-385	378	27	of	of	ADP
ftr-385	378	28	capital	capital	NOUN
ftr-385	378	29	gain	gain	NOUN
ftr-385	378	30	immediately	immediately	ADV
ftr-385	378	31	.	.	PUNCT
ftr-385	379	1	without	without	ADP
ftr-385	379	2	such	such	ADJ
ftr-385	379	3	gain	gain	NOUN
ftr-385	379	4	recognition	recognition	NOUN
ftr-385	379	5	,	,	PUNCT
ftr-385	379	6	the	the	DET
ftr-385	379	7	continuing	continue	VERB
ftr-385	379	8	partners	partner	NOUN
ftr-385	379	9	’	'	PUNCT
ftr-385	379	10	outside	outside	ADJ
ftr-385	379	11	bases	basis	NOUN
ftr-385	379	12	(	(	PUNCT
ftr-385	379	13	zero	zero	NUM
ftr-385	379	14	)	)	PUNCT
ftr-385	379	15	would	would	AUX
ftr-385	379	16	be	be	AUX
ftr-385	379	17	less	less	ADJ
ftr-385	379	18	than	than	ADP
ftr-385	379	19	the	the	DET
ftr-385	379	20	inside	inside	ADJ
ftr-385	379	21	basis	basis	NOUN
ftr-385	379	22	of	of	ADP
ftr-385	379	23	the	the	DET
ftr-385	379	24	retained	retain	VERB
ftr-385	379	25	hot	hot	ADJ
ftr-385	379	26	asset	asset	NOUN
ftr-385	379	27	(	(	PUNCT
ftr-385	379	28	$	$	SYM
ftr-385	379	29	50	50	NUM
ftr-385	379	30	)	)	PUNCT
ftr-385	379	31	.	.	PUNCT
ftr-385	380	1	immediate	immediate	ADJ
ftr-385	380	2	gain	gain	NOUN
ftr-385	380	3	recognition	recognition	NOUN
ftr-385	380	4	restores	restore	VERB
ftr-385	380	5	parity	parity	NOUN
ftr-385	380	6	between	between	ADP
ftr-385	380	7	the	the	DET
ftr-385	380	8	continuing	continue	VERB
ftr-385	380	9	partners	partner	NOUN
ftr-385	380	10	’	'	PUNCT
ftr-385	380	11	outside	outside	ADJ
ftr-385	380	12	bases	basis	NOUN
ftr-385	380	13	and	and	CCONJ
ftr-385	380	14	shares	share	NOUN
ftr-385	380	15	of	of	ADP
ftr-385	380	16	inside	inside	ADJ
ftr-385	380	17	basis.71	basis.71	NOUN
ftr-385	380	18	although	although	SCONJ
ftr-385	380	19	the	the	DET
ftr-385	380	20	relationships	relationship	NOUN
ftr-385	380	21	of	of	ADP
ftr-385	380	22	the	the	DET
ftr-385	380	23	distributee	distributee	NOUN
ftr-385	380	24	and	and	CCONJ
ftr-385	380	25	nondistributee	nondistributee	NOUN
ftr-385	380	26	partners	partner	NOUN
ftr-385	380	27	are	be	AUX
ftr-385	380	28	interchanged	interchange	VERB
ftr-385	380	29	,	,	PUNCT
ftr-385	380	30	examples	example	NOUN
ftr-385	380	31	(	(	PUNCT
ftr-385	380	32	2	2	NUM
ftr-385	380	33	)	)	PUNCT
ftr-385	380	34	and	and	CCONJ
ftr-385	380	35	(	(	PUNCT
ftr-385	380	36	3	3	X
ftr-385	380	37	)	)	PUNCT
ftr-385	380	38	should	should	AUX
ftr-385	380	39	produce	produce	VERB
ftr-385	380	40	similar	similar	ADJ
ftr-385	380	41	results	result	NOUN
ftr-385	380	42	.	.	PUNCT
ftr-385	381	1	in	in	ADP
ftr-385	381	2	example	example	NOUN
ftr-385	381	3	(	(	PUNCT
ftr-385	381	4	2	2	NUM
ftr-385	381	5	)	)	PUNCT
ftr-385	381	6	,	,	PUNCT
ftr-385	381	7	the	the	DET
ftr-385	381	8	distributee	distributee	NOUN
ftr-385	381	9	(	(	PUNCT
ftr-385	381	10	a	a	X
ftr-385	381	11	)	)	PUNCT
ftr-385	381	12	receives	receive	VERB
ftr-385	381	13	excess	excess	ADJ
ftr-385	381	14	hot	hot	ADJ
ftr-385	381	15	assets	asset	NOUN
ftr-385	381	16	and	and	CCONJ
ftr-385	381	17	should	should	AUX
ftr-385	381	18	recognize	recognize	VERB
ftr-385	381	19	capital	capital	NOUN
ftr-385	381	20	gain	gain	NOUN
ftr-385	381	21	immediately	immediately	ADV
ftr-385	381	22	to	to	PART
ftr-385	381	23	preserve	preserve	VERB
ftr-385	381	24	a	a	DET
ftr-385	381	25	stepped	step	VERB
ftr-385	381	26	-	-	PUNCT
ftr-385	381	27	up	up	ADP
ftr-385	381	28	basis	basis	NOUN
ftr-385	381	29	in	in	ADP
ftr-385	381	30	the	the	DET
ftr-385	381	31	distributed	distribute	VERB
ftr-385	381	32	hot	hot	ADJ
ftr-385	381	33	assets	asset	NOUN
ftr-385	381	34	.	.	PUNCT
ftr-385	382	1	in	in	ADP
ftr-385	382	2	example	example	NOUN
ftr-385	382	3	(	(	PUNCT
ftr-385	382	4	3	3	NUM
ftr-385	382	5	)	)	PUNCT
ftr-385	382	6	,	,	PUNCT
ftr-385	382	7	the	the	DET
ftr-385	382	8	nondistributee	nondistributee	NOUN
ftr-385	382	9	partners	partner	NOUN
ftr-385	382	10	(	(	PUNCT
ftr-385	382	11	b	b	NOUN
ftr-385	382	12	and	and	CCONJ
ftr-385	382	13	c	c	X
ftr-385	382	14	)	)	PUNCT
ftr-385	382	15	retain	retain	VERB
ftr-385	382	16	excess	excess	ADJ
ftr-385	382	17	hot	hot	ADJ
ftr-385	382	18	assets	asset	NOUN
ftr-385	382	19	and	and	CCONJ
ftr-385	382	20	should	should	AUX
ftr-385	382	21	also	also	ADV
ftr-385	382	22	recognize	recognize	VERB
ftr-385	382	23	capital	capital	NOUN
ftr-385	382	24	gain	gain	NOUN
ftr-385	382	25	immediately	immediately	ADV
ftr-385	382	26	to	to	PART
ftr-385	382	27	preserve	preserve	VERB
ftr-385	382	28	a	a	DET
ftr-385	382	29	stepped	step	VERB
ftr-385	382	30	-	-	PUNCT
ftr-385	382	31	up	up	ADP
ftr-385	382	32	basis	basis	NOUN
ftr-385	382	33	in	in	ADP
ftr-385	382	34	the	the	DET
ftr-385	382	35	partnership	partnership	NOUN
ftr-385	382	36	’s	’s	PART
ftr-385	382	37	retained	retain	VERB
ftr-385	382	38	hot	hot	ADJ
ftr-385	382	39	assets	asset	NOUN
ftr-385	382	40	.	.	PUNCT
ftr-385	383	1	both72	both72	NOUN
ftr-385	383	2	examples	example	NOUN
ftr-385	383	3	represent	represent	VERB
ftr-385	383	4	exchanges	exchange	NOUN
ftr-385	383	5	of	of	ADP
ftr-385	383	6	hot	hot	ADJ
ftr-385	383	7	and	and	CCONJ
ftr-385	383	8	cold	cold	ADJ
ftr-385	383	9	asset	asset	NOUN
ftr-385	383	10	gain	gain	NOUN
ftr-385	383	11	and	and	CCONJ
ftr-385	383	12	,	,	PUNCT
ftr-385	383	13	under	under	ADP
ftr-385	383	14	section	section	NOUN
ftr-385	383	15	751(b	751(b	PROPN
ftr-385	383	16	)	)	PUNCT
ftr-385	383	17	,	,	PUNCT
ftr-385	383	18	should	should	AUX
ftr-385	383	19	be	be	AUX
ftr-385	383	20	taxed	tax	VERB
ftr-385	383	21	accordingly	accordingly	ADV
ftr-385	383	22	.	.	PUNCT
ftr-385	384	1	the	the	DET
ftr-385	384	2	tax	tax	NOUN
ftr-385	384	3	consequences	consequence	NOUN
ftr-385	384	4	should	should	AUX
ftr-385	384	5	not	not	PART
ftr-385	384	6	depend	depend	VERB
ftr-385	384	7	on	on	ADP
ftr-385	384	8	the	the	DET
ftr-385	384	9	often	often	ADV
ftr-385	384	10	purely	purely	ADV
ftr-385	384	11	formal	formal	ADJ
ftr-385	384	12	distinction	distinction	NOUN
ftr-385	384	13	concerning	concern	VERB
ftr-385	384	14	the	the	DET
ftr-385	384	15	identity	identity	NOUN
ftr-385	384	16	of	of	ADP
ftr-385	384	17	the	the	DET
ftr-385	384	18	partners	partner	NOUN
ftr-385	384	19	receiving	receive	VERB
ftr-385	384	20	or	or	CCONJ
ftr-385	384	21	retaining	retain	VERB
ftr-385	384	22	assets	asset	NOUN
ftr-385	384	23	.	.	PUNCT
ftr-385	385	1	indeed	indeed	ADV
ftr-385	385	2	,	,	PUNCT
ftr-385	385	3	the	the	DET
ftr-385	385	4	transaction	transaction	NOUN
ftr-385	385	5	in	in	ADP
ftr-385	385	6	example	example	NOUN
ftr-385	385	7	(	(	PUNCT
ftr-385	385	8	3	3	X
ftr-385	385	9	)	)	PUNCT
ftr-385	385	10	could	could	AUX
ftr-385	385	11	easily	easily	ADV
ftr-385	385	12	be	be	AUX
ftr-385	385	13	rearranged	rearrange	VERB
ftr-385	385	14	so	so	SCONJ
ftr-385	385	15	that	that	PRON
ftr-385	385	16	b	b	NOUN
ftr-385	385	17	and	and	CCONJ
ftr-385	385	18	c	c	PROPN
ftr-385	385	19	are	be	AUX
ftr-385	385	20	the	the	DET
ftr-385	385	21	withdrawing	withdraw	VERB
ftr-385	385	22	partners	partner	NOUN
ftr-385	385	23	who	who	PRON
ftr-385	385	24	have	have	VERB
ftr-385	385	25	insufficient	insufficient	ADJ
ftr-385	385	26	outside	outside	ADJ
ftr-385	385	27	bases	basis	NOUN
ftr-385	385	28	to	to	PART
ftr-385	385	29	absorb	absorb	VERB
ftr-385	385	30	the	the	DET
ftr-385	385	31	partnership	partnership	NOUN
ftr-385	385	32	’s	’s	PART
ftr-385	385	33	increased	increase	VERB
ftr-385	385	34	basis	basis	NOUN
ftr-385	385	35	in	in	ADP
ftr-385	385	36	distributed	distribute	VERB
ftr-385	385	37	hot	hot	ADJ
ftr-385	385	38	assets	asset	NOUN
ftr-385	385	39	.	.	PUNCT
ftr-385	386	1	examples	example	NOUN
ftr-385	386	2	(	(	PUNCT
ftr-385	386	3	2	2	NUM
ftr-385	386	4	)	)	PUNCT
ftr-385	386	5	and	and	CCONJ
ftr-385	386	6	(	(	PUNCT
ftr-385	386	7	3	3	X
ftr-385	386	8	)	)	PUNCT
ftr-385	386	9	both	both	PRON
ftr-385	386	10	represent	represent	VERB
ftr-385	386	11	situations	situation	NOUN
ftr-385	386	12	in	in	ADP
ftr-385	386	13	which	which	DET
ftr-385	386	14	recognition	recognition	NOUN
ftr-385	386	15	of	of	ADP
ftr-385	386	16	capital	capital	NOUN
ftr-385	386	17	gain	gain	NOUN
ftr-385	386	18	to	to	ADP
ftr-385	386	19	the	the	DET
ftr-385	386	20	purchasing	purchase	VERB
ftr-385	386	21	partners	partner	NOUN
ftr-385	386	22	should	should	AUX
ftr-385	386	23	be	be	AUX
ftr-385	386	24	required	require	VERB
ftr-385	386	25	as	as	ADP
ftr-385	386	26	a	a	DET
ftr-385	386	27	condition	condition	NOUN
ftr-385	386	28	of	of	ADP
ftr-385	386	29	346	346	NUM
ftr-385	386	30	florida	florida	PROPN
ftr-385	386	31	tax	tax	NOUN
ftr-385	386	32	review	review	NOUN
ftr-385	386	33	[	[	X
ftr-385	386	34	vol.8:3	vol.8:3	NOUN
ftr-385	386	35	73	73	NUM
ftr-385	386	36	.	.	PUNCT
ftr-385	387	1	while	while	SCONJ
ftr-385	387	2	the	the	DET
ftr-385	387	3	ali	ali	PROPN
ftr-385	387	4	proposals	proposal	NOUN
ftr-385	387	5	were	be	AUX
ftr-385	387	6	the	the	DET
ftr-385	387	7	forerunner	forerunner	NOUN
ftr-385	387	8	of	of	ADP
ftr-385	387	9	current	current	ADJ
ftr-385	387	10	§	§	PROPN
ftr-385	387	11	751(b	751(b	PROPN
ftr-385	387	12	)	)	PUNCT
ftr-385	387	13	,	,	PUNCT
ftr-385	387	14	they	they	PRON
ftr-385	387	15	bore	bear	VERB
ftr-385	387	16	little	little	ADJ
ftr-385	387	17	relationship	relationship	NOUN
ftr-385	387	18	to	to	ADP
ftr-385	387	19	the	the	DET
ftr-385	387	20	provision	provision	NOUN
ftr-385	387	21	as	as	SCONJ
ftr-385	387	22	enacted	enact	VERB
ftr-385	387	23	.	.	PUNCT
ftr-385	388	1	cf	cf	NOUN
ftr-385	388	2	.	.	PUNCT
ftr-385	389	1	gergen	gergen	PROPN
ftr-385	389	2	,	,	PUNCT
ftr-385	389	3	supra	supra	PROPN
ftr-385	389	4	note	note	NOUN
ftr-385	389	5	9	9	NUM
ftr-385	389	6	,	,	PUNCT
ftr-385	389	7	at	at	ADP
ftr-385	389	8	224	224	NUM
ftr-385	389	9	(	(	PUNCT
ftr-385	389	10	attributing	attribute	VERB
ftr-385	389	11	complexity	complexity	NOUN
ftr-385	389	12	of	of	ADP
ftr-385	389	13	existing	exist	VERB
ftr-385	389	14	§	§	PROPN
ftr-385	389	15	751(b	751(b	PROPN
ftr-385	389	16	)	)	PUNCT
ftr-385	389	17	approach	approach	NOUN
ftr-385	389	18	to	to	ADP
ftr-385	389	19	ali	ali	PROPN
ftr-385	389	20	proposals	proposal	NOUN
ftr-385	389	21	)	)	PUNCT
ftr-385	389	22	.	.	PUNCT
ftr-385	390	1	74	74	X
ftr-385	390	2	.	.	PUNCT
ftr-385	391	1	see	see	VERB
ftr-385	391	2	s.	s.	PROPN
ftr-385	391	3	rep	rep	PROPN
ftr-385	391	4	.	.	PROPN
ftr-385	391	5	no	no	PROPN
ftr-385	391	6	.	.	NOUN
ftr-385	391	7	1622	1622	NUM
ftr-385	391	8	,	,	PUNCT
ftr-385	391	9	83d	83d	NUM
ftr-385	391	10	cong	cong	NOUN
ftr-385	391	11	.	.	PROPN
ftr-385	391	12	,	,	PUNCT
ftr-385	391	13	2d	2d	PROPN
ftr-385	391	14	sess	sess	NOUN
ftr-385	391	15	.	.	PUNCT
ftr-385	392	1	401	401	NUM
ftr-385	392	2	-	-	SYM
ftr-385	392	3	02	02	NUM
ftr-385	392	4	(	(	PUNCT
ftr-385	392	5	1954	1954	NUM
ftr-385	392	6	)	)	PUNCT
ftr-385	392	7	.	.	PUNCT
ftr-385	393	1	75	75	NUM
ftr-385	393	2	.	.	PUNCT
ftr-385	394	1	see	see	VERB
ftr-385	394	2	,	,	PUNCT
ftr-385	394	3	e.g.	e.g.	ADV
ftr-385	394	4	,	,	PUNCT
ftr-385	394	5	paul	paul	PROPN
ftr-385	394	6	little	little	PROPN
ftr-385	394	7	,	,	PUNCT
ftr-385	394	8	partnership	partnership	NOUN
ftr-385	394	9	distributions	distribution	NOUN
ftr-385	394	10	under	under	ADP
ftr-385	394	11	the	the	DET
ftr-385	394	12	internal	internal	ADJ
ftr-385	394	13	revenue	revenue	NOUN
ftr-385	394	14	code	code	NOUN
ftr-385	394	15	of	of	ADP
ftr-385	394	16	1954	1954	NUM
ftr-385	394	17	(	(	PUNCT
ftr-385	394	18	pts	pts	NOUN
ftr-385	394	19	.	.	PROPN
ftr-385	394	20	1	1	NUM
ftr-385	394	21	&	&	CCONJ
ftr-385	394	22	2	2	NUM
ftr-385	394	23	)	)	PUNCT
ftr-385	394	24	,	,	PUNCT
ftr-385	394	25	10	10	NUM
ftr-385	394	26	tax	tax	NOUN
ftr-385	394	27	l.	l.	PROPN
ftr-385	394	28	rev	rev	PROPN
ftr-385	394	29	.	.	PROPN
ftr-385	394	30	161	161	NUM
ftr-385	394	31	&	&	CCONJ
ftr-385	394	32	335	335	NUM
ftr-385	394	33	(	(	PUNCT
ftr-385	394	34	1955	1955	NUM
ftr-385	394	35	)	)	PUNCT
ftr-385	394	36	(	(	PUNCT
ftr-385	394	37	“	"	PUNCT
ftr-385	394	38	with	with	ADP
ftr-385	394	39	respect	respect	NOUN
ftr-385	394	40	to	to	ADP
ftr-385	394	41	.	.	PUNCT
ftr-385	394	42	.	.	PUNCT
ftr-385	394	43	.	.	PUNCT
ftr-385	395	1	current	current	ADJ
ftr-385	395	2	distributions	distribution	NOUN
ftr-385	395	3	,	,	PUNCT
ftr-385	395	4	it	it	PRON
ftr-385	395	5	may	may	AUX
ftr-385	395	6	well	well	ADV
ftr-385	395	7	be	be	AUX
ftr-385	395	8	that	that	SCONJ
ftr-385	395	9	although	although	SCONJ
ftr-385	395	10	the	the	DET
ftr-385	395	11	section	section	NOUN
ftr-385	395	12	seems	seem	VERB
ftr-385	395	13	to	to	PART
ftr-385	395	14	apply	apply	VERB
ftr-385	395	15	,	,	PUNCT
ftr-385	395	16	the	the	DET
ftr-385	395	17	serious	serious	ADJ
ftr-385	395	18	complexities	complexity	NOUN
ftr-385	395	19	and	and	CCONJ
ftr-385	395	20	unreasonable	unreasonable	ADJ
ftr-385	395	21	tax	tax	NOUN
ftr-385	395	22	results	result	NOUN
ftr-385	395	23	obtained	obtain	VERB
ftr-385	395	24	under	under	ADP
ftr-385	395	25	the	the	DET
ftr-385	395	26	section	section	NOUN
ftr-385	395	27	may	may	AUX
ftr-385	395	28	outweigh	outweigh	VERB
ftr-385	395	29	the	the	DET
ftr-385	395	30	desirability	desirability	NOUN
ftr-385	395	31	of	of	ADP
ftr-385	395	32	closing	closing	NOUN
ftr-385	395	33	what	what	PRON
ftr-385	395	34	seems	seem	VERB
ftr-385	395	35	to	to	PART
ftr-385	395	36	be	be	AUX
ftr-385	395	37	a	a	DET
ftr-385	395	38	relatively	relatively	ADV
ftr-385	395	39	minor	minor	ADJ
ftr-385	395	40	tax	tax	NOUN
ftr-385	395	41	loophole	loophole	NOUN
ftr-385	395	42	.	.	PUNCT
ftr-385	395	43	”	"	PUNCT
ftr-385	396	1	i	i	PRON
ftr-385	396	2	d.	d.	VERB
ftr-385	396	3	at	at	ADP
ftr-385	396	4	189	189	NUM
ftr-385	396	5	)	)	PUNCT
ftr-385	396	6	.	.	PUNCT
ftr-385	397	1	preserving	preserve	VERB
ftr-385	397	2	a	a	DET
ftr-385	397	3	stepped	step	VERB
ftr-385	397	4	-	-	PUNCT
ftr-385	397	5	up	up	ADP
ftr-385	397	6	basis	basis	NOUN
ftr-385	397	7	in	in	ADP
ftr-385	397	8	the	the	DET
ftr-385	397	9	partnership	partnership	NOUN
ftr-385	397	10	’s	’s	PART
ftr-385	397	11	distributed	distribute	VERB
ftr-385	397	12	or	or	CCONJ
ftr-385	397	13	retained	retain	VERB
ftr-385	397	14	hot	hot	ADJ
ftr-385	397	15	assets	asset	NOUN
ftr-385	397	16	.	.	PUNCT
ftr-385	398	1	under	under	ADP
ftr-385	398	2	the	the	DET
ftr-385	398	3	existing	exist	VERB
ftr-385	398	4	regulations	regulation	NOUN
ftr-385	398	5	,	,	PUNCT
ftr-385	398	6	section	section	NOUN
ftr-385	398	7	751(b	751(b	PROPN
ftr-385	398	8	)	)	PUNCT
ftr-385	398	9	often	often	ADV
ftr-385	398	10	taxes	tax	VERB
ftr-385	398	11	capital	capital	NOUN
ftr-385	398	12	gain	gain	VERB
ftr-385	398	13	unnecessarily	unnecessarily	ADV
ftr-385	398	14	to	to	ADP
ftr-385	398	15	the	the	DET
ftr-385	398	16	purchasing	purchase	VERB
ftr-385	398	17	partners	partner	NOUN
ftr-385	398	18	.	.	PUNCT
ftr-385	399	1	if	if	SCONJ
ftr-385	399	2	shifts	shift	NOUN
ftr-385	399	3	in	in	ADP
ftr-385	399	4	hot	hot	ADJ
ftr-385	399	5	asset	asset	NOUN
ftr-385	399	6	gain	gain	NOUN
ftr-385	399	7	are	be	AUX
ftr-385	399	8	measured	measure	VERB
ftr-385	399	9	accurately	accurately	ADV
ftr-385	399	10	,	,	PUNCT
ftr-385	399	11	however	however	ADV
ftr-385	399	12	,	,	PUNCT
ftr-385	399	13	the	the	DET
ftr-385	399	14	capital	capital	NOUN
ftr-385	399	15	-	-	PUNCT
ftr-385	399	16	gain	gain	NOUN
ftr-385	399	17	side	side	NOUN
ftr-385	399	18	of	of	ADP
ftr-385	399	19	the	the	DET
ftr-385	399	20	transaction	transaction	NOUN
ftr-385	399	21	should	should	AUX
ftr-385	399	22	be	be	AUX
ftr-385	399	23	taxed	tax	VERB
ftr-385	399	24	whenever	whenever	SCONJ
ftr-385	399	25	the	the	DET
ftr-385	399	26	distributee	distributee	NOUN
ftr-385	399	27	or	or	CCONJ
ftr-385	399	28	continuing	continue	VERB
ftr-385	399	29	partners	partner	NOUN
ftr-385	399	30	would	would	AUX
ftr-385	399	31	otherwise	otherwise	ADV
ftr-385	399	32	wind	wind	VERB
ftr-385	399	33	up	up	ADP
ftr-385	399	34	with	with	ADP
ftr-385	399	35	insufficient	insufficient	ADJ
ftr-385	399	36	basis	basis	NOUN
ftr-385	399	37	to	to	PART
ftr-385	399	38	absorb	absorb	VERB
ftr-385	399	39	their	their	PRON
ftr-385	399	40	share	share	NOUN
ftr-385	399	41	of	of	ADP
ftr-385	399	42	the	the	DET
ftr-385	399	43	stepped	step	VERB
ftr-385	399	44	-	-	PUNCT
ftr-385	399	45	up	up	ADP
ftr-385	399	46	basis	basis	NOUN
ftr-385	399	47	of	of	ADP
ftr-385	399	48	the	the	DET
ftr-385	399	49	partnership	partnership	NOUN
ftr-385	399	50	’s	’s	PART
ftr-385	399	51	hot	hot	ADJ
ftr-385	399	52	assets	asset	NOUN
ftr-385	399	53	.	.	PUNCT
ftr-385	400	1	alternatively	alternatively	ADV
ftr-385	400	2	,	,	PUNCT
ftr-385	400	3	the	the	DET
ftr-385	400	4	problem	problem	NOUN
ftr-385	400	5	of	of	ADP
ftr-385	400	6	basis	basis	NOUN
ftr-385	400	7	insufficiency	insufficiency	NOUN
ftr-385	400	8	could	could	AUX
ftr-385	400	9	be	be	AUX
ftr-385	400	10	dealt	deal	VERB
ftr-385	400	11	with	with	ADP
ftr-385	400	12	by	by	ADP
ftr-385	400	13	requiring	require	VERB
ftr-385	400	14	the	the	DET
ftr-385	400	15	purchasing	purchase	VERB
ftr-385	400	16	partners	partner	NOUN
ftr-385	400	17	to	to	PART
ftr-385	400	18	forego	forego	VERB
ftr-385	400	19	the	the	DET
ftr-385	400	20	benefit	benefit	NOUN
ftr-385	400	21	of	of	ADP
ftr-385	400	22	a	a	DET
ftr-385	400	23	stepped	step	VERB
ftr-385	400	24	-	-	PUNCT
ftr-385	400	25	up	up	ADP
ftr-385	400	26	basis	basis	NOUN
ftr-385	400	27	in	in	ADP
ftr-385	400	28	distributed	distribute	VERB
ftr-385	400	29	or	or	CCONJ
ftr-385	400	30	retained	retain	VERB
ftr-385	400	31	hot	hot	ADJ
ftr-385	400	32	assets	asset	NOUN
ftr-385	400	33	.	.	PUNCT
ftr-385	401	1	v.	v.	ADP
ftr-385	401	2	nonliquidating	nonliquidate	VERB
ftr-385	401	3	distributions	distribution	NOUN
ftr-385	401	4	the	the	DET
ftr-385	401	5	goal	goal	NOUN
ftr-385	401	6	of	of	ADP
ftr-385	401	7	the	the	DET
ftr-385	401	8	1954	1954	NUM
ftr-385	401	9	ali	ali	PROPN
ftr-385	401	10	proposals	proposal	NOUN
ftr-385	401	11	was	be	AUX
ftr-385	401	12	to	to	PART
ftr-385	401	13	preserve	preserve	VERB
ftr-385	401	14	unrealized	unrealized	ADJ
ftr-385	401	15	gain	gain	NOUN
ftr-385	401	16	(	(	PUNCT
ftr-385	401	17	or	or	CCONJ
ftr-385	401	18	loss	loss	NOUN
ftr-385	401	19	)	)	PUNCT
ftr-385	401	20	through	through	ADP
ftr-385	401	21	mandatory	mandatory	ADJ
ftr-385	401	22	reallocation	reallocation	NOUN
ftr-385	401	23	of	of	ADP
ftr-385	401	24	basis	basis	NOUN
ftr-385	401	25	among	among	ADP
ftr-385	401	26	distributed	distribute	VERB
ftr-385	401	27	and	and	CCONJ
ftr-385	401	28	retained	retain	VERB
ftr-385	401	29	assets	asset	NOUN
ftr-385	401	30	,	,	PUNCT
ftr-385	401	31	while	while	SCONJ
ftr-385	401	32	triggering	trigger	VERB
ftr-385	401	33	gain	gain	NOUN
ftr-385	401	34	recognition	recognition	NOUN
ftr-385	401	35	only	only	ADV
ftr-385	401	36	to	to	ADP
ftr-385	401	37	the	the	DET
ftr-385	401	38	extent	extent	NOUN
ftr-385	401	39	of	of	ADP
ftr-385	401	40	any	any	DET
ftr-385	401	41	prevented	prevent	VERB
ftr-385	401	42	basis	basis	NOUN
ftr-385	401	43	adjustments	adjustment	NOUN
ftr-385	401	44	.	.	PUNCT
ftr-385	402	1	when	when	SCONJ
ftr-385	402	2	congress	congress	PROPN
ftr-385	402	3	rejected	reject	VERB
ftr-385	402	4	partial	partial	ADJ
ftr-385	402	5	liquidation	liquidation	NOUN
ftr-385	402	6	treatment	treatment	NOUN
ftr-385	402	7	,	,	PUNCT
ftr-385	402	8	it73	it73	PROPN
ftr-385	402	9	removed	remove	VERB
ftr-385	402	10	one	one	NUM
ftr-385	402	11	of	of	ADP
ftr-385	402	12	the	the	DET
ftr-385	402	13	major	major	ADJ
ftr-385	402	14	assumptions	assumption	NOUN
ftr-385	402	15	underlying	underlie	VERB
ftr-385	402	16	the	the	DET
ftr-385	402	17	operation	operation	NOUN
ftr-385	402	18	of	of	ADP
ftr-385	402	19	section	section	NOUN
ftr-385	402	20	751(b	751(b	PROPN
ftr-385	402	21	)	)	PUNCT
ftr-385	402	22	–	–	PUNCT
ftr-385	402	23	namely	namely	ADV
ftr-385	402	24	,	,	PUNCT
ftr-385	402	25	that	that	SCONJ
ftr-385	402	26	the	the	DET
ftr-385	402	27	distributee	distributee	NOUN
ftr-385	402	28	had	have	AUX
ftr-385	402	29	relinquished	relinquish	VERB
ftr-385	402	30	a	a	DET
ftr-385	402	31	“	"	PUNCT
ftr-385	402	32	proportionate	proportionate	ADJ
ftr-385	402	33	share	share	NOUN
ftr-385	402	34	”	"	PUNCT
ftr-385	402	35	of	of	ADP
ftr-385	402	36	partnership	partnership	NOUN
ftr-385	402	37	assets	asset	NOUN
ftr-385	402	38	in	in	ADP
ftr-385	402	39	exchange	exchange	NOUN
ftr-385	402	40	for	for	ADP
ftr-385	402	41	distributed	distribute	VERB
ftr-385	402	42	property	property	NOUN
ftr-385	402	43	.	.	PUNCT
ftr-385	403	1	since	since	SCONJ
ftr-385	403	2	it	it	PRON
ftr-385	403	3	was74	was74	ADV
ftr-385	403	4	virtually	virtually	ADV
ftr-385	403	5	impossible	impossible	ADJ
ftr-385	403	6	to	to	PART
ftr-385	403	7	determine	determine	VERB
ftr-385	403	8	which	which	PRON
ftr-385	403	9	assets	asset	NOUN
ftr-385	403	10	were	be	AUX
ftr-385	403	11	relinquished	relinquish	VERB
ftr-385	403	12	in	in	ADP
ftr-385	403	13	a	a	DET
ftr-385	403	14	nonprorata	nonprorata	ADJ
ftr-385	403	15	current	current	ADJ
ftr-385	403	16	distribution	distribution	NOUN
ftr-385	403	17	,	,	PUNCT
ftr-385	403	18	contemporaries	contemporary	NOUN
ftr-385	403	19	quickly	quickly	ADV
ftr-385	403	20	expressed	express	VERB
ftr-385	403	21	doubt	doubt	NOUN
ftr-385	403	22	as	as	ADP
ftr-385	403	23	to	to	ADP
ftr-385	403	24	whether	whether	SCONJ
ftr-385	403	25	section	section	NOUN
ftr-385	403	26	751(b	751(b	PROPN
ftr-385	403	27	)	)	PUNCT
ftr-385	403	28	should	should	AUX
ftr-385	403	29	even	even	ADV
ftr-385	403	30	apply	apply	VERB
ftr-385	403	31	to	to	ADP
ftr-385	403	32	current	current	ADJ
ftr-385	403	33	distributions	distribution	NOUN
ftr-385	403	34	.	.	PUNCT
ftr-385	404	1	limiting75	limiting75	PROPN
ftr-385	404	2	section	section	PROPN
ftr-385	404	3	751(b	751(b	PROPN
ftr-385	404	4	)	)	PUNCT
ftr-385	404	5	to	to	ADP
ftr-385	404	6	liquidating	liquidating	NOUN
ftr-385	404	7	distributions	distribution	NOUN
ftr-385	404	8	would	would	AUX
ftr-385	404	9	leave	leave	VERB
ftr-385	404	10	a	a	DET
ftr-385	404	11	wide	wide	ADJ
ftr-385	404	12	gap	gap	NOUN
ftr-385	404	13	in	in	ADP
ftr-385	404	14	the	the	DET
ftr-385	404	15	collapsible	collapsible	NOUN
ftr-385	404	16	partnership	partnership	NOUN
ftr-385	404	17	rules	rule	NOUN
ftr-385	404	18	:	:	PUNCT
ftr-385	404	19	a	a	DET
ftr-385	404	20	distribution	distribution	NOUN
ftr-385	404	21	of	of	ADP
ftr-385	404	22	cash	cash	NOUN
ftr-385	404	23	or	or	CCONJ
ftr-385	404	24	appreciated	appreciated	ADJ
ftr-385	404	25	cold	cold	ADJ
ftr-385	404	26	assets	asset	NOUN
ftr-385	404	27	that	that	PRON
ftr-385	404	28	reduces	reduce	VERB
ftr-385	404	29	a	a	DET
ftr-385	404	30	partner	partner	NOUN
ftr-385	404	31	’s	’s	PART
ftr-385	404	32	interest	interest	NOUN
ftr-385	404	33	in	in	ADP
ftr-385	404	34	the	the	DET
ftr-385	404	35	partnership	partnership	NOUN
ftr-385	404	36	from	from	ADP
ftr-385	404	37	99	99	NUM
ftr-385	404	38	%	%	NOUN
ftr-385	404	39	to	to	PART
ftr-385	404	40	1	1	NUM
ftr-385	404	41	%	%	NOUN
ftr-385	404	42	would	would	AUX
ftr-385	404	43	avoid	avoid	VERB
ftr-385	404	44	section	section	NOUN
ftr-385	404	45	751(b	751(b	PROPN
ftr-385	404	46	)	)	PUNCT
ftr-385	404	47	,	,	PUNCT
ftr-385	404	48	even	even	ADV
ftr-385	404	49	though	though	SCONJ
ftr-385	404	50	such	such	DET
ftr-385	404	51	a	a	DET
ftr-385	404	52	distribution	distribution	NOUN
ftr-385	404	53	clearly	clearly	ADV
ftr-385	404	54	represents	represent	VERB
ftr-385	404	55	a	a	DET
ftr-385	404	56	partial	partial	ADJ
ftr-385	404	57	liquidation	liquidation	NOUN
ftr-385	404	58	of	of	ADP
ftr-385	404	59	the	the	DET
ftr-385	404	60	distributee	distributee	NOUN
ftr-385	404	61	’s	’s	PART
ftr-385	404	62	interest	interest	NOUN
ftr-385	404	63	.	.	PUNCT
ftr-385	405	1	the	the	DET
ftr-385	405	2	modern	modern	ADJ
ftr-385	405	3	concept	concept	NOUN
ftr-385	405	4	of	of	ADP
ftr-385	405	5	a	a	DET
ftr-385	405	6	revaluation	revaluation	NOUN
ftr-385	405	7	makes	make	VERB
ftr-385	405	8	it	it	PRON
ftr-385	405	9	possible	possible	ADJ
ftr-385	405	10	,	,	PUNCT
ftr-385	405	11	in	in	ADP
ftr-385	405	12	theory	theory	NOUN
ftr-385	405	13	,	,	PUNCT
ftr-385	405	14	to	to	PART
ftr-385	405	15	track	track	VERB
ftr-385	405	16	precisely	precisely	ADV
ftr-385	405	17	each	each	DET
ftr-385	405	18	partner	partner	NOUN
ftr-385	405	19	’s	’s	PART
ftr-385	405	20	preand	preand	VERB
ftr-385	405	21	post	post	ADJ
ftr-385	405	22	-	-	ADJ
ftr-385	405	23	distribution	distribution	ADJ
ftr-385	405	24	shares	share	NOUN
ftr-385	405	25	of	of	ADP
ftr-385	405	26	hot	hot	ADJ
ftr-385	405	27	and	and	CCONJ
ftr-385	405	28	cold	cold	ADJ
ftr-385	405	29	asset	asset	NOUN
ftr-385	405	30	gain	gain	NOUN
ftr-385	405	31	.	.	PUNCT
ftr-385	406	1	without	without	ADP
ftr-385	406	2	a	a	DET
ftr-385	406	3	revaluation	revaluation	NOUN
ftr-385	406	4	,	,	PUNCT
ftr-385	406	5	the	the	DET
ftr-385	406	6	partners	partner	NOUN
ftr-385	406	7	’	’	PART
ftr-385	406	8	respective	respective	ADJ
ftr-385	406	9	shares	share	NOUN
ftr-385	406	10	of	of	ADP
ftr-385	406	11	inside	inside	ADJ
ftr-385	406	12	basis	basis	NOUN
ftr-385	406	13	,	,	PUNCT
ftr-385	406	14	gain	gain	NOUN
ftr-385	406	15	and	and	CCONJ
ftr-385	406	16	value	value	NOUN
ftr-385	406	17	would	would	AUX
ftr-385	406	18	often	often	ADV
ftr-385	406	19	be	be	AUX
ftr-385	406	20	quite	quite	ADV
ftr-385	406	21	difficult	difficult	ADJ
ftr-385	406	22	to	to	PART
ftr-385	406	23	determine	determine	VERB
ftr-385	406	24	.	.	PUNCT
ftr-385	407	1	thus	thus	ADV
ftr-385	407	2	,	,	PUNCT
ftr-385	407	3	a	a	DET
ftr-385	407	4	revaluation	revaluation	NOUN
ftr-385	407	5	allows	allow	VERB
ftr-385	407	6	tagging	tagging	NOUN
ftr-385	407	7	of	of	ADP
ftr-385	407	8	predistribution	predistribution	NOUN
ftr-385	407	9	hot	hot	ADJ
ftr-385	407	10	(	(	PUNCT
ftr-385	407	11	and	and	CCONJ
ftr-385	407	12	cold	cold	ADJ
ftr-385	407	13	)	)	PUNCT
ftr-385	407	14	asset	asset	NOUN
ftr-385	407	15	gain	gain	NOUN
ftr-385	407	16	for	for	ADP
ftr-385	407	17	later	later	ADJ
ftr-385	407	18	recognition	recognition	NOUN
ftr-385	407	19	.	.	PUNCT
ftr-385	408	1	nevertheless	nevertheless	ADV
ftr-385	408	2	,	,	PUNCT
ftr-385	408	3	a	a	DET
ftr-385	408	4	revaluation	revaluation	NOUN
ftr-385	408	5	of	of	ADP
ftr-385	408	6	partnership	partnership	NOUN
ftr-385	408	7	property	property	NOUN
ftr-385	408	8	is	be	AUX
ftr-385	408	9	not	not	PART
ftr-385	408	10	an	an	DET
ftr-385	408	11	adequate	adequate	ADJ
ftr-385	408	12	replacement	replacement	NOUN
ftr-385	408	13	for	for	ADP
ftr-385	408	14	section	section	NOUN
ftr-385	408	15	751(b	751(b	PROPN
ftr-385	408	16	)	)	PUNCT
ftr-385	408	17	,	,	PUNCT
ftr-385	408	18	since	since	SCONJ
ftr-385	408	19	a	a	DET
ftr-385	408	20	nonprorata	nonprorata	ADJ
ftr-385	408	21	current	current	ADJ
ftr-385	408	22	distribution	distribution	NOUN
ftr-385	408	23	of	of	ADP
ftr-385	408	24	2007	2007	NUM
ftr-385	408	25	]	]	PUNCT
ftr-385	408	26	taxing	tax	VERB
ftr-385	408	27	hot	hot	ADJ
ftr-385	408	28	asset	asset	NOUN
ftr-385	408	29	shifts	shift	NOUN
ftr-385	408	30	347	347	NUM
ftr-385	408	31	76	76	NUM
ftr-385	408	32	.	.	PUNCT
ftr-385	409	1	as	as	ADP
ftr-385	409	2	on	on	ADP
ftr-385	409	3	a	a	DET
ftr-385	409	4	liquidating	liquidate	VERB
ftr-385	409	5	distribution	distribution	NOUN
ftr-385	409	6	,	,	PUNCT
ftr-385	409	7	a	a	DET
ftr-385	409	8	current	current	ADJ
ftr-385	409	9	distribution	distribution	NOUN
ftr-385	409	10	of	of	ADP
ftr-385	409	11	excess	excess	ADJ
ftr-385	409	12	hot	hot	ADJ
ftr-385	409	13	assets	asset	NOUN
ftr-385	409	14	should	should	AUX
ftr-385	409	15	trigger	trigger	VERB
ftr-385	409	16	capital	capital	NOUN
ftr-385	409	17	gain	gain	NOUN
ftr-385	409	18	only	only	ADV
ftr-385	409	19	to	to	ADP
ftr-385	409	20	the	the	DET
ftr-385	409	21	extent	extent	NOUN
ftr-385	409	22	of	of	ADP
ftr-385	409	23	any	any	DET
ftr-385	409	24	basis	basis	NOUN
ftr-385	409	25	shortfall	shortfall	NOUN
ftr-385	409	26	.	.	PUNCT
ftr-385	410	1	77	77	NUM
ftr-385	410	2	.	.	PUNCT
ftr-385	411	1	see	see	VERB
ftr-385	411	2	andrews	andrews	PROPN
ftr-385	411	3	comments	comments	PROPN
ftr-385	411	4	,	,	PUNCT
ftr-385	411	5	supra	supra	PROPN
ftr-385	411	6	note	note	NOUN
ftr-385	411	7	2	2	NUM
ftr-385	411	8	.	.	NUM
ftr-385	411	9	appreciated	appreciated	ADJ
ftr-385	411	10	property	property	NOUN
ftr-385	411	11	alters	alter	VERB
ftr-385	411	12	the	the	DET
ftr-385	411	13	spread	spread	NOUN
ftr-385	411	14	between	between	ADP
ftr-385	411	15	inside	inside	ADJ
ftr-385	411	16	basis	basis	NOUN
ftr-385	411	17	and	and	CCONJ
ftr-385	411	18	value	value	NOUN
ftr-385	411	19	.	.	PUNCT
ftr-385	412	1	following	follow	VERB
ftr-385	412	2	the	the	DET
ftr-385	412	3	distribution	distribution	NOUN
ftr-385	412	4	,	,	PUNCT
ftr-385	412	5	the	the	DET
ftr-385	412	6	value	value	NOUN
ftr-385	412	7	of	of	ADP
ftr-385	412	8	the	the	DET
ftr-385	412	9	distributee	distributee	NOUN
ftr-385	412	10	’s	’s	PART
ftr-385	412	11	retained	retain	VERB
ftr-385	412	12	interest	interest	NOUN
ftr-385	412	13	may	may	AUX
ftr-385	412	14	thus	thus	ADV
ftr-385	412	15	no	no	ADV
ftr-385	412	16	longer	long	ADV
ftr-385	412	17	be	be	AUX
ftr-385	412	18	capable	capable	ADJ
ftr-385	412	19	of	of	ADP
ftr-385	412	20	supporting	support	VERB
ftr-385	412	21	the	the	DET
ftr-385	412	22	distributee	distributee	NOUN
ftr-385	412	23	’s	’s	PART
ftr-385	412	24	remaining	remain	VERB
ftr-385	412	25	share	share	NOUN
ftr-385	412	26	of	of	ADP
ftr-385	412	27	inside	inside	ADJ
ftr-385	412	28	basis	basis	NOUN
ftr-385	412	29	and	and	CCONJ
ftr-385	412	30	booked	book	VERB
ftr-385	412	31	-	-	PUNCT
ftr-385	412	32	up	up	ADP
ftr-385	412	33	hot	hot	ADJ
ftr-385	412	34	(	(	PUNCT
ftr-385	412	35	and	and	CCONJ
ftr-385	412	36	cold	cold	ADJ
ftr-385	412	37	)	)	PUNCT
ftr-385	412	38	asset	asset	NOUN
ftr-385	412	39	gain	gain	NOUN
ftr-385	412	40	.	.	PUNCT
ftr-385	413	1	to	to	ADP
ftr-385	413	2	the	the	DET
ftr-385	413	3	extent	extent	NOUN
ftr-385	413	4	that	that	SCONJ
ftr-385	413	5	the	the	DET
ftr-385	413	6	distributee	distributee	NOUN
ftr-385	413	7	receives	receive	VERB
ftr-385	413	8	a	a	DET
ftr-385	413	9	current	current	ADJ
ftr-385	413	10	distribution	distribution	NOUN
ftr-385	413	11	of	of	ADP
ftr-385	413	12	excess	excess	ADJ
ftr-385	413	13	hot	hot	ADJ
ftr-385	413	14	assets	asset	NOUN
ftr-385	413	15	,	,	PUNCT
ftr-385	413	16	the	the	DET
ftr-385	413	17	hot	hot	ADJ
ftr-385	413	18	asset	asset	NOUN
ftr-385	413	19	sale	sale	NOUN
ftr-385	413	20	approach	approach	NOUN
ftr-385	413	21	generally	generally	ADV
ftr-385	413	22	works	work	VERB
ftr-385	413	23	well	well	ADV
ftr-385	413	24	.	.	PUNCT
ftr-385	414	1	the	the	DET
ftr-385	414	2	nondistributee	nondistributee	NOUN
ftr-385	414	3	partners	partner	NOUN
ftr-385	414	4	would	would	AUX
ftr-385	414	5	recognize	recognize	VERB
ftr-385	414	6	ordinary	ordinary	ADJ
ftr-385	414	7	income	income	NOUN
ftr-385	414	8	equal	equal	ADJ
ftr-385	414	9	to	to	ADP
ftr-385	414	10	the	the	DET
ftr-385	414	11	net	net	ADJ
ftr-385	414	12	reduction	reduction	NOUN
ftr-385	414	13	in	in	ADP
ftr-385	414	14	their	their	PRON
ftr-385	414	15	share	share	NOUN
ftr-385	414	16	of	of	ADP
ftr-385	414	17	hot	hot	ADJ
ftr-385	414	18	asset	asset	NOUN
ftr-385	414	19	gain	gain	NOUN
ftr-385	414	20	,	,	PUNCT
ftr-385	414	21	and	and	CCONJ
ftr-385	414	22	a	a	DET
ftr-385	414	23	distributee	distributee	NOUN
ftr-385	414	24	with	with	ADP
ftr-385	414	25	sufficient	sufficient	ADJ
ftr-385	414	26	outside	outside	ADJ
ftr-385	414	27	basis	basis	NOUN
ftr-385	414	28	would	would	AUX
ftr-385	414	29	receive	receive	VERB
ftr-385	414	30	the	the	DET
ftr-385	414	31	benefit	benefit	NOUN
ftr-385	414	32	of	of	ADP
ftr-385	414	33	the	the	DET
ftr-385	414	34	partnership	partnership	NOUN
ftr-385	414	35	’s	’s	PART
ftr-385	414	36	stepped	step	VERB
ftr-385	414	37	-	-	PUNCT
ftr-385	414	38	up	up	ADP
ftr-385	414	39	basis	basis	NOUN
ftr-385	414	40	in	in	ADP
ftr-385	414	41	distributed	distribute	VERB
ftr-385	414	42	hot	hot	ADJ
ftr-385	414	43	assets	asset	NOUN
ftr-385	414	44	.	.	PUNCT
ftr-385	415	1	a	a	DET
ftr-385	415	2	current	current	ADJ
ftr-385	415	3	distribution	distribution	NOUN
ftr-385	415	4	of	of	ADP
ftr-385	415	5	excess	excess	ADJ
ftr-385	415	6	cold	cold	ADJ
ftr-385	415	7	assets	asset	NOUN
ftr-385	415	8	would76	would76	NOUN
ftr-385	415	9	generally	generally	ADV
ftr-385	415	10	not	not	PART
ftr-385	415	11	trigger	trigger	NOUN
ftr-385	415	12	section	section	NOUN
ftr-385	415	13	751(b	751(b	PROPN
ftr-385	415	14	)	)	PUNCT
ftr-385	415	15	because	because	SCONJ
ftr-385	415	16	a	a	DET
ftr-385	415	17	revaluation	revaluation	NOUN
ftr-385	415	18	preserves	preserve	VERB
ftr-385	415	19	the	the	DET
ftr-385	415	20	partners	partner	NOUN
ftr-385	415	21	’	’	PART
ftr-385	415	22	shares	share	NOUN
ftr-385	415	23	of	of	ADP
ftr-385	415	24	hot	hot	ADJ
ftr-385	415	25	asset	asset	NOUN
ftr-385	415	26	gain	gain	NOUN
ftr-385	415	27	inside	inside	ADP
ftr-385	415	28	the	the	DET
ftr-385	415	29	partnership	partnership	NOUN
ftr-385	415	30	.	.	PUNCT
ftr-385	416	1	if	if	SCONJ
ftr-385	416	2	the	the	DET
ftr-385	416	3	distributee	distributee	NOUN
ftr-385	416	4	’s	’s	PART
ftr-385	416	5	share	share	NOUN
ftr-385	416	6	of	of	ADP
ftr-385	416	7	booked	book	VERB
ftr-385	416	8	-	-	PUNCT
ftr-385	416	9	up	up	ADP
ftr-385	416	10	hot	hot	ADJ
ftr-385	416	11	asset	asset	NOUN
ftr-385	416	12	gain	gain	NOUN
ftr-385	416	13	exceeds	exceed	VERB
ftr-385	416	14	the	the	DET
ftr-385	416	15	value	value	NOUN
ftr-385	416	16	of	of	ADP
ftr-385	416	17	the	the	DET
ftr-385	416	18	distributee	distributee	NOUN
ftr-385	416	19	’s	’s	PART
ftr-385	416	20	retained	retain	VERB
ftr-385	416	21	partnership	partnership	NOUN
ftr-385	416	22	interest	interest	NOUN
ftr-385	416	23	,	,	PUNCT
ftr-385	416	24	however	however	ADV
ftr-385	416	25	,	,	PUNCT
ftr-385	416	26	section	section	NOUN
ftr-385	416	27	751(b	751(b	PROPN
ftr-385	416	28	)	)	PUNCT
ftr-385	416	29	should	should	AUX
ftr-385	416	30	apply	apply	VERB
ftr-385	416	31	.	.	PUNCT
ftr-385	417	1	following	follow	VERB
ftr-385	417	2	a	a	DET
ftr-385	417	3	current	current	ADJ
ftr-385	417	4	distribution	distribution	NOUN
ftr-385	417	5	that	that	PRON
ftr-385	417	6	leaves	leave	VERB
ftr-385	417	7	the	the	DET
ftr-385	417	8	distributee	distributee	NOUN
ftr-385	417	9	with	with	ADP
ftr-385	417	10	a	a	DET
ftr-385	417	11	retained	retain	VERB
ftr-385	417	12	partnership	partnership	NOUN
ftr-385	417	13	interest	interest	NOUN
ftr-385	417	14	of	of	ADP
ftr-385	417	15	insufficient	insufficient	ADJ
ftr-385	417	16	value	value	NOUN
ftr-385	417	17	to	to	PART
ftr-385	417	18	support	support	VERB
ftr-385	417	19	booked	book	VERB
ftr-385	417	20	-	-	PUNCT
ftr-385	417	21	up	up	ADP
ftr-385	417	22	hot	hot	ADJ
ftr-385	417	23	asset	asset	NOUN
ftr-385	417	24	gain	gain	NOUN
ftr-385	417	25	,	,	PUNCT
ftr-385	417	26	section	section	NOUN
ftr-385	417	27	704(c	704(c	PROPN
ftr-385	417	28	)	)	PUNCT
ftr-385	417	29	special	special	ADJ
ftr-385	417	30	allocations	allocation	NOUN
ftr-385	417	31	can	can	AUX
ftr-385	417	32	not	not	PART
ftr-385	417	33	adequately	adequately	ADV
ftr-385	417	34	substitute	substitute	VERB
ftr-385	417	35	for	for	ADP
ftr-385	417	36	immediate	immediate	ADJ
ftr-385	417	37	gain	gain	NOUN
ftr-385	417	38	recognition	recognition	NOUN
ftr-385	417	39	under	under	ADP
ftr-385	417	40	section	section	NOUN
ftr-385	417	41	751(b).77	751(b).77	NUM
ftr-385	417	42	a.	a.	NOUN
ftr-385	417	43	distributions	distribution	NOUN
ftr-385	417	44	of	of	ADP
ftr-385	417	45	excess	excess	ADJ
ftr-385	417	46	hot	hot	ADJ
ftr-385	417	47	assets	asset	NOUN
ftr-385	417	48	on	on	ADP
ftr-385	417	49	a	a	DET
ftr-385	417	50	distribution	distribution	NOUN
ftr-385	417	51	of	of	ADP
ftr-385	417	52	excess	excess	ADJ
ftr-385	417	53	hot	hot	ADJ
ftr-385	417	54	assets	asset	NOUN
ftr-385	417	55	,	,	PUNCT
ftr-385	417	56	the	the	DET
ftr-385	417	57	hot	hot	ADJ
ftr-385	417	58	asset	asset	NOUN
ftr-385	417	59	sale	sale	NOUN
ftr-385	417	60	approach	approach	NOUN
ftr-385	417	61	would	would	AUX
ftr-385	417	62	greatly	greatly	ADV
ftr-385	417	63	improve	improve	VERB
ftr-385	417	64	the	the	DET
ftr-385	417	65	operation	operation	NOUN
ftr-385	417	66	of	of	ADP
ftr-385	417	67	section	section	NOUN
ftr-385	417	68	751(b	751(b	PROPN
ftr-385	417	69	)	)	PUNCT
ftr-385	417	70	.	.	PUNCT
ftr-385	418	1	as	as	SCONJ
ftr-385	418	2	illustrated	illustrate	VERB
ftr-385	418	3	by	by	ADP
ftr-385	418	4	example	example	NOUN
ftr-385	418	5	(	(	PUNCT
ftr-385	418	6	4	4	NUM
ftr-385	418	7	)	)	PUNCT
ftr-385	418	8	below	below	ADV
ftr-385	418	9	,	,	PUNCT
ftr-385	418	10	the	the	DET
ftr-385	418	11	one	one	NUM
ftr-385	418	12	-	-	PUNCT
ftr-385	418	13	sided	sided	ADJ
ftr-385	418	14	sale	sale	NOUN
ftr-385	418	15	of	of	ADP
ftr-385	418	16	hot	hot	ADJ
ftr-385	418	17	assets	asset	NOUN
ftr-385	418	18	would	would	AUX
ftr-385	418	19	trigger	trigger	VERB
ftr-385	418	20	ordinary	ordinary	ADJ
ftr-385	418	21	income	income	NOUN
ftr-385	418	22	to	to	ADP
ftr-385	418	23	the	the	DET
ftr-385	418	24	nondistributee	nondistributee	NOUN
ftr-385	418	25	partners	partner	NOUN
ftr-385	418	26	whose	whose	DET
ftr-385	418	27	share	share	NOUN
ftr-385	418	28	of	of	ADP
ftr-385	418	29	hot	hot	ADJ
ftr-385	418	30	asset	asset	NOUN
ftr-385	418	31	gain	gain	NOUN
ftr-385	418	32	is	be	AUX
ftr-385	418	33	reduced	reduce	VERB
ftr-385	418	34	.	.	PUNCT
ftr-385	419	1	absent	absent	ADJ
ftr-385	419	2	a	a	DET
ftr-385	419	3	shortfall	shortfall	NOUN
ftr-385	419	4	in	in	ADP
ftr-385	419	5	outside	outside	ADJ
ftr-385	419	6	basis	basis	NOUN
ftr-385	419	7	,	,	PUNCT
ftr-385	419	8	however	however	ADV
ftr-385	419	9	,	,	PUNCT
ftr-385	419	10	no	no	DET
ftr-385	419	11	capital	capital	NOUN
ftr-385	419	12	-	-	PUNCT
ftr-385	419	13	gain	gain	NOUN
ftr-385	419	14	tax	tax	NOUN
ftr-385	419	15	would	would	AUX
ftr-385	419	16	be	be	AUX
ftr-385	419	17	triggered	trigger	VERB
ftr-385	419	18	to	to	ADP
ftr-385	419	19	the	the	DET
ftr-385	419	20	distributee	distributee	NOUN
ftr-385	419	21	partner	partner	NOUN
ftr-385	419	22	who	who	PRON
ftr-385	419	23	receives	receive	VERB
ftr-385	419	24	excess	excess	ADJ
ftr-385	419	25	hot	hot	ADJ
ftr-385	419	26	assets	asset	NOUN
ftr-385	419	27	.	.	PUNCT
ftr-385	420	1	on	on	ADP
ftr-385	420	2	a	a	DET
ftr-385	420	3	current	current	ADJ
ftr-385	420	4	distribution	distribution	NOUN
ftr-385	420	5	,	,	PUNCT
ftr-385	420	6	a	a	DET
ftr-385	420	7	revaluation	revaluation	NOUN
ftr-385	420	8	would	would	AUX
ftr-385	420	9	thus	thus	ADV
ftr-385	420	10	serve	serve	VERB
ftr-385	420	11	to	to	PART
ftr-385	420	12	minimize	minimize	VERB
ftr-385	420	13	any	any	DET
ftr-385	420	14	hot	hot	ADJ
ftr-385	420	15	asset	asset	NOUN
ftr-385	420	16	shift	shift	NOUN
ftr-385	420	17	and	and	CCONJ
ftr-385	420	18	corresponding	corresponding	ADJ
ftr-385	420	19	gain	gain	NOUN
ftr-385	420	20	recognition	recognition	NOUN
ftr-385	420	21	.	.	PUNCT
ftr-385	421	1	example	example	NOUN
ftr-385	421	2	(	(	PUNCT
ftr-385	421	3	4	4	NUM
ftr-385	421	4	):	):	PUNCT
ftr-385	421	5	assume	assume	VERB
ftr-385	421	6	that	that	SCONJ
ftr-385	421	7	c	c	PROPN
ftr-385	421	8	receives	receive	VERB
ftr-385	421	9	a	a	DET
ftr-385	421	10	distribution	distribution	NOUN
ftr-385	421	11	of	of	ADP
ftr-385	421	12	two	two	NUM
ftr-385	421	13	thirds	third	NOUN
ftr-385	421	14	of	of	ADP
ftr-385	421	15	the	the	DET
ftr-385	421	16	abc	abc	PROPN
ftr-385	421	17	partnership	partnership	PROPN
ftr-385	421	18	’s	’s	PART
ftr-385	421	19	hot	hot	ADJ
ftr-385	421	20	asset	asset	NOUN
ftr-385	421	21	(	(	PUNCT
ftr-385	421	22	$	$	SYM
ftr-385	421	23	20	20	NUM
ftr-385	421	24	basis	basis	NOUN
ftr-385	421	25	,	,	PUNCT
ftr-385	421	26	$	$	SYM
ftr-385	421	27	80	80	NUM
ftr-385	421	28	value	value	NOUN
ftr-385	421	29	)	)	PUNCT
ftr-385	421	30	,	,	PUNCT
ftr-385	421	31	when	when	SCONJ
ftr-385	421	32	the	the	DET
ftr-385	421	33	abc	abc	PROPN
ftr-385	421	34	partnership	partnership	NOUN
ftr-385	421	35	has	have	VERB
ftr-385	421	36	the	the	DET
ftr-385	421	37	following	follow	VERB
ftr-385	421	38	predistribution	predistribution	NOUN
ftr-385	421	39	balance	balance	NOUN
ftr-385	421	40	sheet	sheet	NOUN
ftr-385	421	41	:	:	PUNCT
ftr-385	421	42	assets	asset	NOUN
ftr-385	421	43	basis	basis	NOUN
ftr-385	421	44	value	value	NOUN
ftr-385	421	45	capital	capital	NOUN
ftr-385	421	46	tax	tax	NOUN
ftr-385	421	47	value	value	NOUN
ftr-385	421	48	cash	cash	NOUN
ftr-385	421	49	$	$	SYM
ftr-385	421	50	60	60	NUM
ftr-385	421	51	$	$	SYM
ftr-385	421	52	60	60	NUM
ftr-385	421	53	a	a	DET
ftr-385	421	54	$	$	SYM
ftr-385	421	55	90	90	NUM
ftr-385	421	56	$	$	SYM
ftr-385	421	57	160	160	NUM
ftr-385	421	58	land	land	NOUN
ftr-385	421	59	180	180	NUM
ftr-385	421	60	300	300	NUM
ftr-385	421	61	b	b	SYM
ftr-385	421	62	90	90	NUM
ftr-385	421	63	160	160	NUM
ftr-385	421	64	receivables	receivables	NOUN
ftr-385	421	65	30	30	NUM
ftr-385	421	66	120	120	NUM
ftr-385	421	67	c	c	NOUN
ftr-385	421	68	90	90	NUM
ftr-385	421	69	160	160	NUM
ftr-385	421	70	total	total	NOUN
ftr-385	421	71	$	$	SYM
ftr-385	421	72	270	270	NUM
ftr-385	421	73	$	$	SYM
ftr-385	421	74	480	480	NUM
ftr-385	421	75	total	total	ADJ
ftr-385	421	76	$	$	SYM
ftr-385	421	77	270	270	NUM
ftr-385	421	78	$	$	SYM
ftr-385	421	79	480	480	NUM
ftr-385	421	80	348	348	NUM
ftr-385	421	81	florida	florida	PROPN
ftr-385	421	82	tax	tax	NOUN
ftr-385	421	83	review	review	NOUN
ftr-385	422	1	[	[	X
ftr-385	422	2	vol.8:3	vol.8:3	NOUN
ftr-385	422	3	78	78	NUM
ftr-385	422	4	.	.	PUNCT
ftr-385	423	1	since	since	SCONJ
ftr-385	423	2	a	a	DET
ftr-385	423	3	distribution	distribution	NOUN
ftr-385	423	4	shifts	shift	NOUN
ftr-385	423	5	any	any	DET
ftr-385	423	6	unrealized	unrealized	ADJ
ftr-385	423	7	gain	gain	NOUN
ftr-385	423	8	in	in	ADP
ftr-385	423	9	distributed	distribute	VERB
ftr-385	423	10	assets	asset	NOUN
ftr-385	423	11	to	to	ADP
ftr-385	423	12	the	the	DET
ftr-385	423	13	distributee	distributee	NOUN
ftr-385	423	14	,	,	PUNCT
ftr-385	423	15	the	the	DET
ftr-385	423	16	§	§	PROPN
ftr-385	423	17	704(b	704(b	PROPN
ftr-385	423	18	)	)	PUNCT
ftr-385	423	19	regulations	regulation	NOUN
ftr-385	423	20	should	should	AUX
ftr-385	423	21	generally	generally	ADV
ftr-385	423	22	treat	treat	VERB
ftr-385	423	23	such	such	ADJ
ftr-385	423	24	special	special	ADJ
ftr-385	423	25	allocations	allocation	NOUN
ftr-385	423	26	as	as	ADP
ftr-385	423	27	in	in	ADP
ftr-385	423	28	accordance	accordance	NOUN
ftr-385	423	29	with	with	ADP
ftr-385	423	30	the	the	DET
ftr-385	423	31	partners	partner	NOUN
ftr-385	423	32	’	’	PART
ftr-385	423	33	interests	interest	NOUN
ftr-385	423	34	in	in	ADP
ftr-385	423	35	the	the	DET
ftr-385	423	36	partnership	partnership	NOUN
ftr-385	423	37	.	.	PUNCT
ftr-385	424	1	see	see	VERB
ftr-385	424	2	reg	reg	NOUN
ftr-385	424	3	.	.	PUNCT
ftr-385	425	1	§	§	PROPN
ftr-385	425	2	1.704	1.704	NUM
ftr-385	425	3	-	-	NUM
ftr-385	425	4	1(b)(3	1(b)(3	NUM
ftr-385	425	5	)	)	PUNCT
ftr-385	425	6	.	.	PUNCT
ftr-385	426	1	immediately	immediately	ADV
ftr-385	426	2	before	before	ADP
ftr-385	426	3	the	the	DET
ftr-385	426	4	distribution	distribution	NOUN
ftr-385	426	5	,	,	PUNCT
ftr-385	426	6	the	the	DET
ftr-385	426	7	partnership	partnership	NOUN
ftr-385	426	8	’s	’s	PART
ftr-385	426	9	assets	asset	NOUN
ftr-385	426	10	are	be	AUX
ftr-385	426	11	revalued	revalue	VERB
ftr-385	426	12	.	.	PUNCT
ftr-385	427	1	each	each	DET
ftr-385	427	2	partner	partner	NOUN
ftr-385	427	3	is	be	AUX
ftr-385	427	4	allocated	allocate	VERB
ftr-385	427	5	one	one	NUM
ftr-385	427	6	third	third	ADJ
ftr-385	427	7	(	(	PUNCT
ftr-385	427	8	$	$	SYM
ftr-385	427	9	40	40	NUM
ftr-385	427	10	)	)	PUNCT
ftr-385	427	11	of	of	ADP
ftr-385	427	12	the	the	DET
ftr-385	427	13	partnership	partnership	NOUN
ftr-385	427	14	’s	’s	PART
ftr-385	427	15	total	total	ADJ
ftr-385	427	16	cold	cold	ADJ
ftr-385	427	17	asset	asset	NOUN
ftr-385	427	18	gain	gain	NOUN
ftr-385	427	19	and	and	CCONJ
ftr-385	427	20	one	one	NUM
ftr-385	427	21	third	third	ADJ
ftr-385	427	22	(	(	PUNCT
ftr-385	427	23	$	$	SYM
ftr-385	427	24	30	30	NUM
ftr-385	427	25	)	)	PUNCT
ftr-385	427	26	of	of	ADP
ftr-385	427	27	the	the	DET
ftr-385	427	28	partnership	partnership	NOUN
ftr-385	427	29	’s	’s	PART
ftr-385	427	30	total	total	ADJ
ftr-385	427	31	hot	hot	ADJ
ftr-385	427	32	asset	asset	NOUN
ftr-385	427	33	gain	gain	NOUN
ftr-385	427	34	.	.	PUNCT
ftr-385	428	1	since	since	SCONJ
ftr-385	428	2	the	the	DET
ftr-385	428	3	hot	hot	ADJ
ftr-385	428	4	asset	asset	NOUN
ftr-385	428	5	gain	gain	VERB
ftr-385	428	6	inherent	inherent	ADJ
ftr-385	428	7	in	in	ADP
ftr-385	428	8	the	the	DET
ftr-385	428	9	distributed	distribute	VERB
ftr-385	428	10	property	property	NOUN
ftr-385	428	11	(	(	PUNCT
ftr-385	428	12	$	$	SYM
ftr-385	428	13	60	60	NUM
ftr-385	428	14	)	)	PUNCT
ftr-385	428	15	exceeds	exceed	VERB
ftr-385	428	16	c	c	PROPN
ftr-385	428	17	’s	’s	PART
ftr-385	428	18	total	total	ADJ
ftr-385	428	19	predistribution	predistribution	NOUN
ftr-385	428	20	share	share	NOUN
ftr-385	428	21	of	of	ADP
ftr-385	428	22	hot	hot	ADJ
ftr-385	428	23	asset	asset	NOUN
ftr-385	428	24	gain	gain	NOUN
ftr-385	428	25	(	(	PUNCT
ftr-385	428	26	$	$	SYM
ftr-385	428	27	30	30	NUM
ftr-385	428	28	)	)	PUNCT
ftr-385	428	29	,	,	PUNCT
ftr-385	428	30	a	a	DET
ftr-385	428	31	revaluation	revaluation	NOUN
ftr-385	428	32	can	can	AUX
ftr-385	428	33	not	not	PART
ftr-385	428	34	prevent	prevent	VERB
ftr-385	428	35	a	a	DET
ftr-385	428	36	hot	hot	ADJ
ftr-385	428	37	asset	asset	NOUN
ftr-385	428	38	shift	shift	NOUN
ftr-385	428	39	.	.	PUNCT
ftr-385	429	1	thus	thus	ADV
ftr-385	429	2	,	,	PUNCT
ftr-385	429	3	a	a	PRON
ftr-385	429	4	and	and	CCONJ
ftr-385	429	5	b	b	NOUN
ftr-385	429	6	should	should	AUX
ftr-385	429	7	recognize	recognize	VERB
ftr-385	429	8	ordinary	ordinary	ADJ
ftr-385	429	9	income	income	NOUN
ftr-385	429	10	of	of	ADP
ftr-385	429	11	$	$	SYM
ftr-385	429	12	30	30	NUM
ftr-385	429	13	,	,	PUNCT
ftr-385	429	14	increasing	increase	VERB
ftr-385	429	15	the	the	DET
ftr-385	429	16	basis	basis	NOUN
ftr-385	429	17	of	of	ADP
ftr-385	429	18	the	the	DET
ftr-385	429	19	distributed	distribute	VERB
ftr-385	429	20	hot	hot	ADJ
ftr-385	429	21	asset	asset	NOUN
ftr-385	429	22	from	from	ADP
ftr-385	429	23	$	$	SYM
ftr-385	429	24	20	20	NUM
ftr-385	429	25	to	to	PART
ftr-385	429	26	$	$	SYM
ftr-385	429	27	50	50	NUM
ftr-385	429	28	and	and	CCONJ
ftr-385	429	29	preserving	preserve	VERB
ftr-385	429	30	c	c	X
ftr-385	429	31	’s	’s	ADJ
ftr-385	429	32	hot	hot	ADJ
ftr-385	429	33	asset	asset	NOUN
ftr-385	429	34	gain	gain	NOUN
ftr-385	429	35	of	of	ADP
ftr-385	429	36	$	$	SYM
ftr-385	429	37	30	30	NUM
ftr-385	429	38	(	(	PUNCT
ftr-385	429	39	$	$	SYM
ftr-385	429	40	80	80	NUM
ftr-385	429	41	value	value	NOUN
ftr-385	429	42	less	less	ADJ
ftr-385	429	43	$	$	SYM
ftr-385	429	44	50	50	NUM
ftr-385	429	45	basis	basis	NOUN
ftr-385	429	46	)	)	PUNCT
ftr-385	429	47	.	.	PUNCT
ftr-385	430	1	c	c	PROPN
ftr-385	430	2	recognizes	recognize	VERB
ftr-385	430	3	no	no	DET
ftr-385	430	4	capital	capital	NOUN
ftr-385	430	5	gain	gain	NOUN
ftr-385	430	6	,	,	PUNCT
ftr-385	430	7	since	since	SCONJ
ftr-385	430	8	c	c	NOUN
ftr-385	430	9	has	have	VERB
ftr-385	430	10	sufficient	sufficient	ADJ
ftr-385	430	11	outside	outside	ADJ
ftr-385	430	12	basis	basis	NOUN
ftr-385	430	13	to	to	PART
ftr-385	430	14	absorb	absorb	VERB
ftr-385	430	15	the	the	DET
ftr-385	430	16	increased	increased	ADJ
ftr-385	430	17	basis	basis	NOUN
ftr-385	430	18	of	of	ADP
ftr-385	430	19	the	the	DET
ftr-385	430	20	distributed	distribute	VERB
ftr-385	430	21	hot	hot	ADJ
ftr-385	430	22	asset	asset	NOUN
ftr-385	430	23	.	.	PUNCT
ftr-385	431	1	the	the	DET
ftr-385	431	2	partnership	partnership	NOUN
ftr-385	431	3	has	have	VERB
ftr-385	431	4	the	the	DET
ftr-385	431	5	following	follow	VERB
ftr-385	431	6	post	post	ADJ
ftr-385	431	7	-	-	ADJ
ftr-385	431	8	distribution	distribution	ADJ
ftr-385	431	9	balance	balance	NOUN
ftr-385	431	10	sheet	sheet	NOUN
ftr-385	431	11	:	:	PUNCT
ftr-385	431	12	assets	asset	NOUN
ftr-385	431	13	basis	basis	NOUN
ftr-385	431	14	value	value	NOUN
ftr-385	431	15	capital	capital	NOUN
ftr-385	431	16	tax	tax	NOUN
ftr-385	431	17	book	book	NOUN
ftr-385	431	18	cash	cash	NOUN
ftr-385	431	19	$	$	SYM
ftr-385	431	20	60	60	NUM
ftr-385	431	21	$	$	SYM
ftr-385	431	22	60	60	NUM
ftr-385	431	23	a	a	DET
ftr-385	431	24	$	$	SYM
ftr-385	431	25	105	105	NUM
ftr-385	431	26	$	$	SYM
ftr-385	431	27	160	160	NUM
ftr-385	431	28	land	land	NOUN
ftr-385	431	29	180	180	NUM
ftr-385	431	30	300	300	NUM
ftr-385	431	31	b	b	NUM
ftr-385	431	32	105	105	NUM
ftr-385	431	33	160	160	NUM
ftr-385	431	34	receivables	receivables	NOUN
ftr-385	431	35	10	10	NUM
ftr-385	431	36	40	40	NUM
ftr-385	431	37	c	c	NOUN
ftr-385	431	38	40	40	NUM
ftr-385	431	39	80	80	NUM
ftr-385	431	40	total	total	NOUN
ftr-385	431	41	$	$	SYM
ftr-385	431	42	250	250	NUM
ftr-385	431	43	$	$	SYM
ftr-385	431	44	400	400	NUM
ftr-385	431	45	total	total	NOUN
ftr-385	431	46	$	$	SYM
ftr-385	431	47	250	250	NUM
ftr-385	431	48	$	$	SYM
ftr-385	431	49	400	400	NUM
ftr-385	431	50	the	the	DET
ftr-385	431	51	book	book	NOUN
ftr-385	431	52	value	value	NOUN
ftr-385	431	53	of	of	ADP
ftr-385	431	54	c	c	PROPN
ftr-385	431	55	’s	’s	PART
ftr-385	431	56	retained	retain	VERB
ftr-385	431	57	interest	interest	NOUN
ftr-385	431	58	(	(	PUNCT
ftr-385	431	59	$	$	SYM
ftr-385	431	60	80	80	NUM
ftr-385	431	61	)	)	PUNCT
ftr-385	431	62	equals	equal	VERB
ftr-385	431	63	c	c	NOUN
ftr-385	431	64	’s	’s	PART
ftr-385	431	65	share	share	NOUN
ftr-385	431	66	of	of	ADP
ftr-385	431	67	the	the	DET
ftr-385	431	68	partnership	partnership	NOUN
ftr-385	431	69	’s	’s	PART
ftr-385	431	70	inside	inside	ADP
ftr-385	431	71	basis	basis	NOUN
ftr-385	431	72	(	(	PUNCT
ftr-385	431	73	$	$	SYM
ftr-385	431	74	40	40	NUM
ftr-385	431	75	)	)	PUNCT
ftr-385	431	76	and	and	CCONJ
ftr-385	431	77	booked	book	VERB
ftr-385	431	78	-	-	PUNCT
ftr-385	431	79	up	up	ADP
ftr-385	431	80	cold	cold	ADJ
ftr-385	431	81	asset	asset	NOUN
ftr-385	431	82	gain	gain	NOUN
ftr-385	431	83	(	(	PUNCT
ftr-385	431	84	$	$	SYM
ftr-385	431	85	40	40	NUM
ftr-385	431	86	)	)	PUNCT
ftr-385	431	87	.	.	PUNCT
ftr-385	432	1	c	c	X
ftr-385	432	2	’s	’s	PART
ftr-385	432	3	share	share	NOUN
ftr-385	432	4	of	of	ADP
ftr-385	432	5	hot	hot	ADJ
ftr-385	432	6	asset	asset	NOUN
ftr-385	432	7	gain	gain	NOUN
ftr-385	432	8	is	be	AUX
ftr-385	432	9	reduced	reduce	VERB
ftr-385	432	10	to	to	ADP
ftr-385	432	11	zero	zero	NUM
ftr-385	432	12	.	.	PUNCT
ftr-385	433	1	the	the	DET
ftr-385	433	2	book	book	NOUN
ftr-385	433	3	value	value	NOUN
ftr-385	433	4	of	of	ADP
ftr-385	433	5	the	the	DET
ftr-385	433	6	nondistributee	nondistributee	NOUN
ftr-385	433	7	partners	partner	NOUN
ftr-385	433	8	’	’	PART
ftr-385	433	9	interest	interest	NOUN
ftr-385	433	10	(	(	PUNCT
ftr-385	433	11	$	$	SYM
ftr-385	433	12	320	320	NUM
ftr-385	433	13	)	)	PUNCT
ftr-385	433	14	reflects	reflect	VERB
ftr-385	433	15	their	their	PRON
ftr-385	433	16	share	share	NOUN
ftr-385	433	17	of	of	ADP
ftr-385	433	18	the	the	DET
ftr-385	433	19	partnership	partnership	NOUN
ftr-385	433	20	’s	’s	PART
ftr-385	433	21	inside	inside	ADP
ftr-385	433	22	basis	basis	NOUN
ftr-385	433	23	(	(	PUNCT
ftr-385	433	24	$	$	SYM
ftr-385	433	25	210	210	NUM
ftr-385	433	26	)	)	PUNCT
ftr-385	433	27	and	and	CCONJ
ftr-385	433	28	booked	book	VERB
ftr-385	433	29	-	-	PUNCT
ftr-385	433	30	up	up	ADP
ftr-385	433	31	hot	hot	ADJ
ftr-385	433	32	(	(	PUNCT
ftr-385	433	33	$	$	SYM
ftr-385	433	34	30	30	NUM
ftr-385	433	35	)	)	PUNCT
ftr-385	433	36	and	and	CCONJ
ftr-385	433	37	cold	cold	ADJ
ftr-385	433	38	(	(	PUNCT
ftr-385	433	39	$	$	SYM
ftr-385	433	40	80	80	NUM
ftr-385	433	41	)	)	PUNCT
ftr-385	433	42	asset	asset	NOUN
ftr-385	433	43	gain	gain	NOUN
ftr-385	433	44	.	.	PUNCT
ftr-385	434	1	the	the	DET
ftr-385	434	2	hot	hot	ADJ
ftr-385	434	3	asset	asset	NOUN
ftr-385	434	4	sale	sale	NOUN
ftr-385	434	5	approach	approach	NOUN
ftr-385	434	6	works	work	VERB
ftr-385	434	7	properly	properly	ADV
ftr-385	434	8	in	in	ADP
ftr-385	434	9	example	example	NOUN
ftr-385	434	10	(	(	PUNCT
ftr-385	434	11	4	4	NUM
ftr-385	434	12	)	)	PUNCT
ftr-385	434	13	.	.	PUNCT
ftr-385	435	1	c	c	NOUN
ftr-385	435	2	should	should	AUX
ftr-385	435	3	not	not	PART
ftr-385	435	4	be	be	AUX
ftr-385	435	5	required	require	VERB
ftr-385	435	6	to	to	PART
ftr-385	435	7	recognize	recognize	VERB
ftr-385	435	8	capital	capital	NOUN
ftr-385	435	9	gain	gain	NOUN
ftr-385	435	10	,	,	PUNCT
ftr-385	435	11	since	since	SCONJ
ftr-385	435	12	c	c	NOUN
ftr-385	435	13	has	have	AUX
ftr-385	435	14	essentially	essentially	ADV
ftr-385	435	15	exchanged	exchange	VERB
ftr-385	435	16	a	a	DET
ftr-385	435	17	share	share	NOUN
ftr-385	435	18	of	of	ADP
ftr-385	435	19	inside	inside	ADJ
ftr-385	435	20	basis	basis	NOUN
ftr-385	435	21	(	(	PUNCT
ftr-385	435	22	$	$	SYM
ftr-385	435	23	30	30	NUM
ftr-385	435	24	)	)	PUNCT
ftr-385	435	25	for	for	ADP
ftr-385	435	26	an	an	DET
ftr-385	435	27	increased	increase	VERB
ftr-385	435	28	interest	interest	NOUN
ftr-385	435	29	in	in	ADP
ftr-385	435	30	hot	hot	ADJ
ftr-385	435	31	assets	asset	NOUN
ftr-385	435	32	(	(	PUNCT
ftr-385	435	33	$	$	SYM
ftr-385	435	34	30	30	NUM
ftr-385	435	35	)	)	PUNCT
ftr-385	435	36	.	.	PUNCT
ftr-385	436	1	when	when	SCONJ
ftr-385	436	2	the	the	DET
ftr-385	436	3	distributee	distributee	NOUN
ftr-385	436	4	has	have	VERB
ftr-385	436	5	sufficient	sufficient	ADJ
ftr-385	436	6	outside	outside	ADJ
ftr-385	436	7	basis	basis	NOUN
ftr-385	436	8	to	to	PART
ftr-385	436	9	absorb	absorb	VERB
ftr-385	436	10	the	the	DET
ftr-385	436	11	partnership	partnership	NOUN
ftr-385	436	12	’s	’s	PART
ftr-385	436	13	steppedup	steppedup	ADJ
ftr-385	436	14	basis	basis	NOUN
ftr-385	436	15	in	in	ADP
ftr-385	436	16	hot	hot	ADJ
ftr-385	436	17	assets	asset	NOUN
ftr-385	436	18	,	,	PUNCT
ftr-385	436	19	a	a	DET
ftr-385	436	20	single	single	ADJ
ftr-385	436	21	tax	tax	NOUN
ftr-385	436	22	to	to	ADP
ftr-385	436	23	the	the	DET
ftr-385	436	24	selling	sell	VERB
ftr-385	436	25	partners	partner	NOUN
ftr-385	436	26	on	on	ADP
ftr-385	436	27	their	their	PRON
ftr-385	436	28	relinquished	relinquished	ADJ
ftr-385	436	29	ordinary	ordinary	ADJ
ftr-385	436	30	income	income	NOUN
ftr-385	436	31	is	be	AUX
ftr-385	436	32	entirely	entirely	ADV
ftr-385	436	33	appropriate	appropriate	ADJ
ftr-385	436	34	.	.	PUNCT
ftr-385	437	1	although	although	SCONJ
ftr-385	437	2	the	the	DET
ftr-385	437	3	basis	basis	NOUN
ftr-385	437	4	rules	rule	VERB
ftr-385	437	5	under	under	ADP
ftr-385	437	6	section	section	NOUN
ftr-385	437	7	732(a	732(a	NOUN
ftr-385	437	8	)	)	PUNCT
ftr-385	437	9	seek	seek	VERB
ftr-385	437	10	to	to	PART
ftr-385	437	11	preserve	preserve	VERB
ftr-385	437	12	the	the	DET
ftr-385	437	13	partnership	partnership	NOUN
ftr-385	437	14	’s	’s	PART
ftr-385	437	15	predistribution	predistribution	PROPN
ftr-385	437	16	basis	basis	NOUN
ftr-385	437	17	in	in	ADP
ftr-385	437	18	distributed	distribute	VERB
ftr-385	437	19	property	property	NOUN
ftr-385	437	20	,	,	PUNCT
ftr-385	437	21	the	the	DET
ftr-385	437	22	hot	hot	ADJ
ftr-385	437	23	asset	asset	NOUN
ftr-385	437	24	sale	sale	NOUN
ftr-385	437	25	approach	approach	NOUN
ftr-385	437	26	would	would	AUX
ftr-385	437	27	leave	leave	VERB
ftr-385	437	28	the	the	DET
ftr-385	437	29	distributee	distributee	NOUN
ftr-385	437	30	with	with	ADP
ftr-385	437	31	a	a	DET
ftr-385	437	32	steppedup	steppedup	ADJ
ftr-385	437	33	basis	basis	NOUN
ftr-385	437	34	in	in	ADP
ftr-385	437	35	distributed	distribute	VERB
ftr-385	437	36	hot	hot	ADJ
ftr-385	437	37	assets	asset	NOUN
ftr-385	437	38	that	that	PRON
ftr-385	437	39	reflects	reflect	VERB
ftr-385	437	40	the	the	DET
ftr-385	437	41	ordinary	ordinary	ADJ
ftr-385	437	42	income	income	NOUN
ftr-385	437	43	recognized	recognize	VERB
ftr-385	437	44	by	by	ADP
ftr-385	437	45	the	the	DET
ftr-385	437	46	selling	selling	NOUN
ftr-385	437	47	partners	partner	NOUN
ftr-385	437	48	whose	whose	DET
ftr-385	437	49	share	share	NOUN
ftr-385	437	50	of	of	ADP
ftr-385	437	51	hot	hot	ADJ
ftr-385	437	52	asset	asset	NOUN
ftr-385	437	53	gain	gain	NOUN
ftr-385	437	54	is	be	AUX
ftr-385	437	55	reduced	reduce	VERB
ftr-385	437	56	.	.	PUNCT
ftr-385	438	1	thus	thus	ADV
ftr-385	438	2	,	,	PUNCT
ftr-385	438	3	the	the	DET
ftr-385	438	4	distributee	distributee	NOUN
ftr-385	438	5	would	would	AUX
ftr-385	438	6	,	,	PUNCT
ftr-385	438	7	quite	quite	ADV
ftr-385	438	8	sensibly	sensibly	ADV
ftr-385	438	9	,	,	PUNCT
ftr-385	438	10	obtain	obtain	VERB
ftr-385	438	11	a	a	DET
ftr-385	438	12	fair	fair	ADJ
ftr-385	438	13	market	market	NOUN
ftr-385	438	14	value	value	NOUN
ftr-385	438	15	basis	basis	NOUN
ftr-385	438	16	in	in	ADP
ftr-385	438	17	distributed	distribute	VERB
ftr-385	438	18	hot	hot	ADJ
ftr-385	438	19	assets	asset	NOUN
ftr-385	438	20	reduced	reduce	VERB
ftr-385	438	21	by	by	ADP
ftr-385	438	22	the	the	DET
ftr-385	438	23	distributee	distributee	NOUN
ftr-385	438	24	’s	’s	PART
ftr-385	438	25	preserved	preserve	VERB
ftr-385	438	26	share	share	NOUN
ftr-385	438	27	of	of	ADP
ftr-385	438	28	hot	hot	ADJ
ftr-385	438	29	asset	asset	NOUN
ftr-385	438	30	gain	gain	NOUN
ftr-385	438	31	.	.	PUNCT
ftr-385	439	1	in	in	ADP
ftr-385	439	2	order	order	NOUN
ftr-385	439	3	to	to	PART
ftr-385	439	4	minimize	minimize	VERB
ftr-385	439	5	the	the	DET
ftr-385	439	6	impact	impact	NOUN
ftr-385	439	7	of	of	ADP
ftr-385	439	8	section	section	NOUN
ftr-385	439	9	751(b	751(b	PROPN
ftr-385	439	10	)	)	PUNCT
ftr-385	439	11	,	,	PUNCT
ftr-385	439	12	the	the	DET
ftr-385	439	13	partnership	partnership	NOUN
ftr-385	439	14	should	should	AUX
ftr-385	439	15	allocate	allocate	VERB
ftr-385	439	16	booked	book	VERB
ftr-385	439	17	-	-	PUNCT
ftr-385	439	18	up	up	ADP
ftr-385	439	19	gain	gain	NOUN
ftr-385	439	20	in	in	ADP
ftr-385	439	21	distributed	distribute	VERB
ftr-385	439	22	hot	hot	ADJ
ftr-385	439	23	assets	asset	NOUN
ftr-385	439	24	disproportionately	disproportionately	ADV
ftr-385	439	25	to	to	ADP
ftr-385	439	26	the	the	DET
ftr-385	439	27	distributee	distributee	NOUN
ftr-385	439	28	.	.	PUNCT
ftr-385	440	1	booking	booking	NOUN
ftr-385	440	2	-	-	PUNCT
ftr-385	440	3	up	up	ADP
ftr-385	440	4	the	the	DET
ftr-385	440	5	gain	gain	NOUN
ftr-385	440	6	in	in	ADP
ftr-385	440	7	this	this	DET
ftr-385	440	8	manner	manner	NOUN
ftr-385	440	9	generally	generally	ADV
ftr-385	440	10	reflects	reflect	VERB
ftr-385	440	11	the	the	DET
ftr-385	440	12	economics	economic	NOUN
ftr-385	440	13	of	of	ADP
ftr-385	440	14	the	the	DET
ftr-385	440	15	transaction	transaction	NOUN
ftr-385	440	16	,	,	PUNCT
ftr-385	440	17	since	since	SCONJ
ftr-385	440	18	the	the	DET
ftr-385	440	19	distributee	distributee	NOUN
ftr-385	440	20	alone	alone	ADV
ftr-385	440	21	will	will	AUX
ftr-385	440	22	be	be	AUX
ftr-385	440	23	taxed	tax	VERB
ftr-385	440	24	on	on	ADP
ftr-385	440	25	the	the	DET
ftr-385	440	26	hot	hot	ADJ
ftr-385	440	27	asset	asset	NOUN
ftr-385	440	28	gain	gain	NOUN
ftr-385	440	29	shifted	shift	VERB
ftr-385	440	30	outside	outside	ADP
ftr-385	440	31	the	the	DET
ftr-385	440	32	partnership	partnership	NOUN
ftr-385	440	33	.	.	PUNCT
ftr-385	441	1	the	the	DET
ftr-385	441	2	partners	partner	NOUN
ftr-385	441	3	should	should	AUX
ftr-385	441	4	be78	be78	PROPN
ftr-385	441	5	2007	2007	NUM
ftr-385	441	6	]	]	PUNCT
ftr-385	441	7	taxing	tax	VERB
ftr-385	441	8	hot	hot	ADJ
ftr-385	441	9	asset	asset	NOUN
ftr-385	441	10	shifts	shift	NOUN
ftr-385	441	11	349	349	NUM
ftr-385	441	12	79	79	NUM
ftr-385	441	13	.	.	PUNCT
ftr-385	442	1	the	the	DET
ftr-385	442	2	abc	abc	PROPN
ftr-385	442	3	partnership	partnership	PROPN
ftr-385	442	4	has	have	VERB
ftr-385	442	5	the	the	DET
ftr-385	442	6	following	follow	VERB
ftr-385	442	7	predistribution	predistribution	NOUN
ftr-385	442	8	balance	balance	NOUN
ftr-385	442	9	sheet	sheet	NOUN
ftr-385	442	10	:	:	PUNCT
ftr-385	442	11	assets	asset	NOUN
ftr-385	442	12	basis	basis	NOUN
ftr-385	442	13	value	value	NOUN
ftr-385	442	14	capital	capital	NOUN
ftr-385	442	15	tax	tax	NOUN
ftr-385	442	16	book	book	NOUN
ftr-385	442	17	cash	cash	NOUN
ftr-385	442	18	$	$	SYM
ftr-385	442	19	60	60	NUM
ftr-385	442	20	$	$	SYM
ftr-385	442	21	60	60	NUM
ftr-385	442	22	a	a	DET
ftr-385	442	23	$	$	SYM
ftr-385	442	24	90	90	NUM
ftr-385	442	25	$	$	SYM
ftr-385	442	26	160	160	NUM
ftr-385	442	27	hot	hot	ADJ
ftr-385	442	28	asset	asset	NOUN
ftr-385	442	29	#	#	SYM
ftr-385	442	30	1	1	NUM
ftr-385	442	31	180	180	NUM
ftr-385	442	32	300	300	NUM
ftr-385	442	33	b	b	NUM
ftr-385	442	34	90	90	NUM
ftr-385	442	35	160	160	NUM
ftr-385	442	36	hot	hot	ADJ
ftr-385	442	37	asset	asset	NOUN
ftr-385	442	38	#	#	SYM
ftr-385	442	39	2	2	NUM
ftr-385	442	40	30	30	NUM
ftr-385	442	41	120	120	NUM
ftr-385	442	42	c	c	NOUN
ftr-385	442	43	90	90	NUM
ftr-385	442	44	160	160	NUM
ftr-385	442	45	total	total	NOUN
ftr-385	442	46	$	$	SYM
ftr-385	442	47	270	270	NUM
ftr-385	442	48	$	$	SYM
ftr-385	442	49	480	480	NUM
ftr-385	442	50	total	total	ADJ
ftr-385	442	51	$	$	SYM
ftr-385	442	52	270	270	NUM
ftr-385	442	53	$	$	SYM
ftr-385	442	54	480	480	NUM
ftr-385	442	55	80	80	NUM
ftr-385	442	56	.	.	PUNCT
ftr-385	443	1	this	this	DET
ftr-385	443	2	result	result	NOUN
ftr-385	443	3	seems	seem	VERB
ftr-385	443	4	strange	strange	ADJ
ftr-385	443	5	because	because	SCONJ
ftr-385	443	6	the	the	DET
ftr-385	443	7	distribution	distribution	NOUN
ftr-385	443	8	alters	alter	VERB
ftr-385	443	9	the	the	DET
ftr-385	443	10	partners	partner	NOUN
ftr-385	443	11	’	'	PUNCT
ftr-385	443	12	shares	share	NOUN
ftr-385	443	13	of	of	ADP
ftr-385	443	14	inside	inside	ADJ
ftr-385	443	15	basis	basis	NOUN
ftr-385	443	16	and	and	CCONJ
ftr-385	443	17	value	value	NOUN
ftr-385	443	18	;	;	PUNCT
ftr-385	443	19	while	while	SCONJ
ftr-385	443	20	the	the	DET
ftr-385	443	21	book	book	NOUN
ftr-385	443	22	-	-	PUNCT
ftr-385	443	23	up	up	ADP
ftr-385	443	24	locks	lock	NOUN
ftr-385	443	25	in	in	ADP
ftr-385	443	26	predistribution	predistribution	NOUN
ftr-385	443	27	gain	gain	NOUN
ftr-385	443	28	in	in	ADP
ftr-385	443	29	the	the	DET
ftr-385	443	30	partners	partner	NOUN
ftr-385	443	31	’	'	PUNCT
ftr-385	443	32	predistribution	predistribution	NOUN
ftr-385	443	33	sharing	sharing	NOUN
ftr-385	443	34	ratios	ratio	NOUN
ftr-385	443	35	,	,	PUNCT
ftr-385	443	36	any	any	DET
ftr-385	443	37	subsequent	subsequent	ADJ
ftr-385	443	38	gain	gain	NOUN
ftr-385	443	39	will	will	AUX
ftr-385	443	40	be	be	AUX
ftr-385	443	41	allocated	allocate	VERB
ftr-385	443	42	in	in	ADP
ftr-385	443	43	accordance	accordance	NOUN
ftr-385	443	44	with	with	ADP
ftr-385	443	45	their	their	PRON
ftr-385	443	46	post	post	ADJ
ftr-385	443	47	-	-	ADJ
ftr-385	443	48	distribution	distribution	ADJ
ftr-385	443	49	interests	interest	NOUN
ftr-385	443	50	in	in	ADP
ftr-385	443	51	partnership	partnership	NOUN
ftr-385	443	52	capital	capital	NOUN
ftr-385	443	53	.	.	PUNCT
ftr-385	444	1	81	81	NUM
ftr-385	444	2	.	.	PUNCT
ftr-385	445	1	in	in	ADP
ftr-385	445	2	effect	effect	NOUN
ftr-385	445	3	,	,	PUNCT
ftr-385	445	4	the	the	DET
ftr-385	445	5	abc	abc	PROPN
ftr-385	445	6	partnership	partnership	NOUN
ftr-385	445	7	owns	own	VERB
ftr-385	445	8	zero	zero	NUM
ftr-385	445	9	-	-	PUNCT
ftr-385	445	10	basis	basis	NOUN
ftr-385	445	11	hot	hot	ADJ
ftr-385	445	12	assets	asset	NOUN
ftr-385	445	13	with	with	ADP
ftr-385	445	14	a	a	DET
ftr-385	445	15	value	value	NOUN
ftr-385	445	16	of	of	ADP
ftr-385	445	17	$	$	SYM
ftr-385	445	18	210	210	NUM
ftr-385	445	19	and	and	CCONJ
ftr-385	445	20	cold	cold	ADJ
ftr-385	445	21	assets	asset	NOUN
ftr-385	445	22	with	with	ADP
ftr-385	445	23	a	a	DET
ftr-385	445	24	basis	basis	NOUN
ftr-385	445	25	and	and	CCONJ
ftr-385	445	26	value	value	NOUN
ftr-385	445	27	of	of	ADP
ftr-385	445	28	$	$	SYM
ftr-385	445	29	270	270	NUM
ftr-385	445	30	(	(	PUNCT
ftr-385	445	31	$	$	SYM
ftr-385	445	32	60	60	NUM
ftr-385	445	33	cash	cash	NOUN
ftr-385	445	34	plus	plus	CCONJ
ftr-385	445	35	$	$	SYM
ftr-385	445	36	210	210	NUM
ftr-385	445	37	basis	basis	NOUN
ftr-385	445	38	of	of	ADP
ftr-385	445	39	other	other	ADJ
ftr-385	445	40	assets	asset	NOUN
ftr-385	445	41	)	)	PUNCT
ftr-385	445	42	.	.	PUNCT
ftr-385	446	1	82	82	NUM
ftr-385	446	2	.	.	PUNCT
ftr-385	447	1	the	the	DET
ftr-385	447	2	abc	abc	PROPN
ftr-385	447	3	partnership	partnership	PROPN
ftr-385	447	4	would	would	AUX
ftr-385	447	5	have	have	VERB
ftr-385	447	6	the	the	DET
ftr-385	447	7	following	follow	VERB
ftr-385	447	8	post	post	ADJ
ftr-385	447	9	-	-	ADJ
ftr-385	447	10	distribution	distribution	ADJ
ftr-385	447	11	balance	balance	NOUN
ftr-385	447	12	sheet	sheet	NOUN
ftr-385	447	13	:	:	PUNCT
ftr-385	447	14	assets	asset	NOUN
ftr-385	447	15	basis	basis	NOUN
ftr-385	447	16	value	value	NOUN
ftr-385	447	17	capital	capital	NOUN
ftr-385	447	18	tax	tax	NOUN
ftr-385	447	19	book	book	NOUN
ftr-385	447	20	cash	cash	NOUN
ftr-385	447	21	$	$	SYM
ftr-385	447	22	60	60	NUM
ftr-385	447	23	$	$	SYM
ftr-385	447	24	60	60	NUM
ftr-385	447	25	a	a	DET
ftr-385	447	26	$	$	SYM
ftr-385	447	27	110	110	NUM
ftr-385	447	28	$	$	SYM
ftr-385	447	29	160	160	NUM
ftr-385	447	30	hot	hot	ADJ
ftr-385	447	31	asset	asset	NOUN
ftr-385	447	32	#	#	SYM
ftr-385	447	33	1	1	NUM
ftr-385	447	34	180	180	NUM
ftr-385	447	35	300	300	NUM
ftr-385	447	36	b	b	NUM
ftr-385	447	37	110	110	NUM
ftr-385	447	38	160	160	NUM
ftr-385	447	39	hot	hot	ADJ
ftr-385	447	40	asset	asset	NOUN
ftr-385	447	41	#	#	SYM
ftr-385	447	42	2	2	NUM
ftr-385	447	43	10	10	NUM
ftr-385	447	44	40	40	NUM
ftr-385	447	45	c	c	NOUN
ftr-385	447	46	30	30	NUM
ftr-385	447	47	80	80	NUM
ftr-385	447	48	total	total	NOUN
ftr-385	447	49	$	$	SYM
ftr-385	447	50	250	250	NUM
ftr-385	447	51	$	$	SYM
ftr-385	447	52	400	400	NUM
ftr-385	447	53	total	total	NOUN
ftr-385	447	54	$	$	SYM
ftr-385	447	55	250	250	NUM
ftr-385	447	56	$	$	SYM
ftr-385	447	57	400	400	NUM
ftr-385	447	58	permitted	permit	VERB
ftr-385	447	59	flexibility	flexibility	NOUN
ftr-385	447	60	in	in	ADP
ftr-385	447	61	determining	determine	VERB
ftr-385	447	62	how	how	SCONJ
ftr-385	447	63	to	to	PART
ftr-385	447	64	book	book	VERB
ftr-385	447	65	-	-	PUNCT
ftr-385	447	66	up	up	ADP
ftr-385	447	67	hot	hot	ADJ
ftr-385	447	68	asset	asset	NOUN
ftr-385	447	69	gain	gain	VERB
ftr-385	447	70	attributable	attributable	ADJ
ftr-385	447	71	to	to	ADP
ftr-385	447	72	particular	particular	ADJ
ftr-385	447	73	partnership	partnership	NOUN
ftr-385	447	74	assets	asset	NOUN
ftr-385	447	75	,	,	PUNCT
ftr-385	447	76	as	as	ADV
ftr-385	447	77	long	long	ADV
ftr-385	447	78	as	as	SCONJ
ftr-385	447	79	each	each	DET
ftr-385	447	80	partner	partner	NOUN
ftr-385	447	81	’s	’s	PART
ftr-385	447	82	share	share	NOUN
ftr-385	447	83	of	of	ADP
ftr-385	447	84	total	total	ADJ
ftr-385	447	85	hot	hot	ADJ
ftr-385	447	86	asset	asset	NOUN
ftr-385	447	87	gain	gain	NOUN
ftr-385	447	88	is	be	AUX
ftr-385	447	89	preserved	preserve	VERB
ftr-385	447	90	or	or	CCONJ
ftr-385	447	91	recognized	recognize	VERB
ftr-385	447	92	.	.	PUNCT
ftr-385	448	1	thus	thus	ADV
ftr-385	448	2	,	,	PUNCT
ftr-385	448	3	section	section	NOUN
ftr-385	448	4	751(b	751(b	PROPN
ftr-385	448	5	)	)	PUNCT
ftr-385	448	6	would	would	AUX
ftr-385	448	7	generally	generally	ADV
ftr-385	448	8	apply	apply	VERB
ftr-385	448	9	to	to	ADP
ftr-385	448	10	a	a	DET
ftr-385	448	11	distribution	distribution	NOUN
ftr-385	448	12	of	of	ADP
ftr-385	448	13	hot	hot	ADJ
ftr-385	448	14	assets	asset	NOUN
ftr-385	448	15	only	only	ADV
ftr-385	448	16	if	if	SCONJ
ftr-385	448	17	the	the	DET
ftr-385	448	18	partnership	partnership	NOUN
ftr-385	448	19	fails	fail	VERB
ftr-385	448	20	to	to	PART
ftr-385	448	21	book	book	VERB
ftr-385	448	22	up	up	ADP
ftr-385	448	23	its	its	PRON
ftr-385	448	24	assets	asset	NOUN
ftr-385	448	25	or	or	CCONJ
ftr-385	448	26	,	,	PUNCT
ftr-385	448	27	alternatively	alternatively	ADV
ftr-385	448	28	,	,	PUNCT
ftr-385	448	29	the	the	DET
ftr-385	448	30	partnership	partnership	NOUN
ftr-385	448	31	allocates	allocate	VERB
ftr-385	448	32	booked	book	VERB
ftr-385	448	33	-	-	PUNCT
ftr-385	448	34	up	up	ADP
ftr-385	448	35	gain	gain	NOUN
ftr-385	448	36	in	in	ADP
ftr-385	448	37	distributed	distribute	VERB
ftr-385	448	38	hot	hot	ADJ
ftr-385	448	39	assets	asset	NOUN
ftr-385	448	40	to	to	ADP
ftr-385	448	41	the	the	DET
ftr-385	448	42	nondistributee	nondistributee	NOUN
ftr-385	448	43	partners	partner	NOUN
ftr-385	448	44	.	.	PUNCT
ftr-385	449	1	assume	assume	VERB
ftr-385	449	2	that	that	SCONJ
ftr-385	449	3	the	the	DET
ftr-385	449	4	abc	abc	PROPN
ftr-385	449	5	partnership	partnership	PROPN
ftr-385	449	6	’s	’s	PART
ftr-385	449	7	assets	asset	NOUN
ftr-385	449	8	consist	consist	VERB
ftr-385	449	9	of	of	ADP
ftr-385	449	10	$	$	SYM
ftr-385	449	11	60	60	NUM
ftr-385	449	12	cash	cash	NOUN
ftr-385	449	13	and	and	CCONJ
ftr-385	449	14	two	two	NUM
ftr-385	449	15	hot	hot	ADJ
ftr-385	449	16	assets	asset	NOUN
ftr-385	449	17	:	:	PUNCT
ftr-385	449	18	asset	asset	NOUN
ftr-385	449	19	#	#	SYM
ftr-385	449	20	1	1	NUM
ftr-385	449	21	(	(	PUNCT
ftr-385	449	22	$	$	SYM
ftr-385	449	23	180	180	NUM
ftr-385	449	24	basis	basis	NOUN
ftr-385	449	25	,	,	PUNCT
ftr-385	449	26	$	$	SYM
ftr-385	449	27	300	300	NUM
ftr-385	449	28	value	value	NOUN
ftr-385	449	29	)	)	PUNCT
ftr-385	449	30	and	and	CCONJ
ftr-385	449	31	asset	asset	NOUN
ftr-385	449	32	#	#	SYM
ftr-385	449	33	2	2	NUM
ftr-385	449	34	(	(	PUNCT
ftr-385	449	35	$	$	SYM
ftr-385	449	36	30	30	NUM
ftr-385	449	37	basis	basis	NOUN
ftr-385	449	38	,	,	PUNCT
ftr-385	449	39	$	$	SYM
ftr-385	449	40	120	120	NUM
ftr-385	449	41	value	value	NOUN
ftr-385	449	42	)	)	PUNCT
ftr-385	449	43	,	,	PUNCT
ftr-385	449	44	and	and	CCONJ
ftr-385	449	45	the	the	DET
ftr-385	449	46	partnership	partnership	NOUN
ftr-385	449	47	allocates	allocate	VERB
ftr-385	449	48	predistribution	predistribution	NOUN
ftr-385	449	49	gain	gain	NOUN
ftr-385	449	50	from	from	ADP
ftr-385	449	51	each	each	DET
ftr-385	449	52	asset	asset	NOUN
ftr-385	449	53	ratably	ratably	ADV
ftr-385	449	54	among	among	ADP
ftr-385	449	55	the	the	DET
ftr-385	449	56	partners	partner	NOUN
ftr-385	449	57	.	.	PUNCT
ftr-385	450	1	the	the	DET
ftr-385	450	2	partnership	partnership	NOUN
ftr-385	450	3	distributes	distribute	VERB
ftr-385	450	4	two	two	NUM
ftr-385	450	5	thirds	third	NOUN
ftr-385	450	6	of	of	ADP
ftr-385	450	7	asset	asset	NOUN
ftr-385	450	8	#	#	SYM
ftr-385	450	9	2	2	NUM
ftr-385	450	10	(	(	PUNCT
ftr-385	450	11	$	$	SYM
ftr-385	450	12	2079	2079	NUM
ftr-385	450	13	basis	basis	NOUN
ftr-385	450	14	,	,	PUNCT
ftr-385	450	15	$	$	SYM
ftr-385	450	16	80	80	NUM
ftr-385	450	17	value	value	NOUN
ftr-385	450	18	)	)	PUNCT
ftr-385	450	19	to	to	ADP
ftr-385	450	20	c.	c.	NOUN
ftr-385	450	21	before	before	ADP
ftr-385	450	22	the	the	DET
ftr-385	450	23	distribution	distribution	NOUN
ftr-385	450	24	,	,	PUNCT
ftr-385	450	25	a	a	DET
ftr-385	450	26	,	,	PUNCT
ftr-385	450	27	b	b	NOUN
ftr-385	450	28	and	and	CCONJ
ftr-385	450	29	c	c	PROPN
ftr-385	450	30	are	be	AUX
ftr-385	450	31	each	each	PRON
ftr-385	450	32	allocated	allocate	VERB
ftr-385	450	33	$	$	SYM
ftr-385	450	34	40	40	NUM
ftr-385	450	35	of	of	ADP
ftr-385	450	36	book	book	NOUN
ftr-385	450	37	gain	gain	NOUN
ftr-385	450	38	from	from	ADP
ftr-385	450	39	asset	asset	NOUN
ftr-385	450	40	#	#	SYM
ftr-385	450	41	1	1	NUM
ftr-385	450	42	and	and	CCONJ
ftr-385	450	43	$	$	SYM
ftr-385	450	44	30	30	NUM
ftr-385	450	45	of	of	ADP
ftr-385	450	46	book	book	NOUN
ftr-385	450	47	gain	gain	NOUN
ftr-385	450	48	from	from	ADP
ftr-385	450	49	asset	asset	NOUN
ftr-385	450	50	#	#	SYM
ftr-385	450	51	2	2	NUM
ftr-385	450	52	.	.	PUNCT
ftr-385	451	1	although	although	SCONJ
ftr-385	451	2	not	not	PART
ftr-385	451	3	entirely	entirely	ADV
ftr-385	451	4	clear	clear	ADJ
ftr-385	451	5	,	,	PUNCT
ftr-385	451	6	it	it	PRON
ftr-385	451	7	appears	appear	VERB
ftr-385	451	8	that	that	SCONJ
ftr-385	451	9	a	a	DET
ftr-385	451	10	,	,	PUNCT
ftr-385	451	11	b	b	NOUN
ftr-385	451	12	,	,	PUNCT
ftr-385	451	13	and	and	CCONJ
ftr-385	451	14	c	c	PROPN
ftr-385	451	15	would	would	AUX
ftr-385	451	16	each	each	PRON
ftr-385	451	17	have	have	VERB
ftr-385	451	18	a	a	DET
ftr-385	451	19	one	one	NUM
ftr-385	451	20	third	third	ADJ
ftr-385	451	21	share	share	NOUN
ftr-385	451	22	of	of	ADP
ftr-385	451	23	reverse	reverse	ADJ
ftr-385	451	24	section	section	NOUN
ftr-385	451	25	704(c	704(c	NOUN
ftr-385	451	26	)	)	PUNCT
ftr-385	451	27	gain	gain	NOUN
ftr-385	451	28	in	in	ADP
ftr-385	451	29	each	each	DET
ftr-385	451	30	retained	retain	VERB
ftr-385	451	31	asset	asset	NOUN
ftr-385	451	32	following	follow	VERB
ftr-385	451	33	the	the	DET
ftr-385	451	34	distribution.80	distribution.80	NOUN
ftr-385	451	35	thus	thus	ADV
ftr-385	451	36	,	,	PUNCT
ftr-385	451	37	the	the	DET
ftr-385	451	38	distribution	distribution	NOUN
ftr-385	451	39	shifts	shift	NOUN
ftr-385	451	40	$	$	SYM
ftr-385	451	41	40	40	NUM
ftr-385	451	42	of	of	ADP
ftr-385	451	43	the	the	DET
ftr-385	451	44	hot	hot	ADJ
ftr-385	451	45	asset	asset	NOUN
ftr-385	451	46	gain	gain	NOUN
ftr-385	451	47	(	(	PUNCT
ftr-385	451	48	two	two	NUM
ftr-385	451	49	thirds	third	NOUN
ftr-385	451	50	of	of	ADP
ftr-385	451	51	$	$	SYM
ftr-385	451	52	60	60	NUM
ftr-385	451	53	)	)	PUNCT
ftr-385	451	54	in	in	ADP
ftr-385	451	55	distributed	distribute	VERB
ftr-385	451	56	asset	asset	NOUN
ftr-385	451	57	#	#	SYM
ftr-385	451	58	2	2	NUM
ftr-385	451	59	from	from	ADP
ftr-385	451	60	a	a	PRON
ftr-385	451	61	and	and	CCONJ
ftr-385	451	62	b	b	NOUN
ftr-385	451	63	to	to	PART
ftr-385	451	64	c	c	PROPN
ftr-385	451	65	,	,	PUNCT
ftr-385	451	66	reducing	reduce	VERB
ftr-385	451	67	the	the	DET
ftr-385	451	68	nondistributee	nondistributee	NOUN
ftr-385	451	69	partners	partner	NOUN
ftr-385	451	70	’	'	PUNCT
ftr-385	451	71	share	share	NOUN
ftr-385	451	72	of	of	ADP
ftr-385	451	73	hot	hot	ADJ
ftr-385	451	74	asset	asset	NOUN
ftr-385	451	75	gain	gain	NOUN
ftr-385	451	76	from	from	ADP
ftr-385	451	77	$	$	SYM
ftr-385	451	78	140	140	NUM
ftr-385	451	79	to	to	PART
ftr-385	451	80	$	$	SYM
ftr-385	451	81	100	100	NUM
ftr-385	451	82	.	.	PUNCT
ftr-385	452	1	under	under	ADP
ftr-385	452	2	the	the	DET
ftr-385	452	3	existing	exist	VERB
ftr-385	452	4	regulations	regulation	NOUN
ftr-385	452	5	,	,	PUNCT
ftr-385	452	6	section	section	NOUN
ftr-385	452	7	751(b	751(b	PROPN
ftr-385	452	8	)	)	PUNCT
ftr-385	452	9	does	do	AUX
ftr-385	452	10	not	not	PART
ftr-385	452	11	apply	apply	VERB
ftr-385	452	12	because	because	SCONJ
ftr-385	452	13	the	the	DET
ftr-385	452	14	partnership	partnership	NOUN
ftr-385	452	15	has	have	VERB
ftr-385	452	16	no	no	DET
ftr-385	452	17	cold	cold	ADJ
ftr-385	452	18	assets	asset	NOUN
ftr-385	452	19	.	.	PUNCT
ftr-385	453	1	because	because	SCONJ
ftr-385	453	2	the	the	DET
ftr-385	453	3	hot	hot	ADJ
ftr-385	453	4	asset	asset	NOUN
ftr-385	453	5	sale	sale	NOUN
ftr-385	453	6	approach	approach	NOUN
ftr-385	453	7	treats	treat	NOUN
ftr-385	453	8	inside	inside	ADP
ftr-385	453	9	basis	basis	NOUN
ftr-385	453	10	(	(	PUNCT
ftr-385	453	11	like	like	ADP
ftr-385	453	12	cash	cash	NOUN
ftr-385	453	13	)	)	PUNCT
ftr-385	453	14	as	as	ADP
ftr-385	453	15	a	a	DET
ftr-385	453	16	cold	cold	ADJ
ftr-385	453	17	asset	asset	NOUN
ftr-385	453	18	,	,	PUNCT
ftr-385	453	19	however	however	ADV
ftr-385	453	20	,	,	PUNCT
ftr-385	453	21	the	the	DET
ftr-385	453	22	distribution	distribution	NOUN
ftr-385	453	23	should	should	AUX
ftr-385	453	24	be	be	AUX
ftr-385	453	25	subject	subject	ADJ
ftr-385	453	26	to	to	ADP
ftr-385	453	27	section	section	NOUN
ftr-385	453	28	751(b	751(b	PROPN
ftr-385	453	29	)	)	PUNCT
ftr-385	453	30	.	.	PUNCT
ftr-385	454	1	a	a	PRON
ftr-385	454	2	and	and	CCONJ
ftr-385	454	3	b81	b81	ADJ
ftr-385	454	4	should	should	AUX
ftr-385	454	5	immediately	immediately	ADV
ftr-385	454	6	recognize	recognize	VERB
ftr-385	454	7	ordinary	ordinary	ADJ
ftr-385	454	8	income	income	NOUN
ftr-385	454	9	of	of	ADP
ftr-385	454	10	$	$	SYM
ftr-385	454	11	40	40	NUM
ftr-385	454	12	equal	equal	ADJ
ftr-385	454	13	to	to	ADP
ftr-385	454	14	the	the	DET
ftr-385	454	15	shifted	shift	VERB
ftr-385	454	16	hot	hot	ADJ
ftr-385	454	17	asset	asset	NOUN
ftr-385	454	18	gain	gain	NOUN
ftr-385	454	19	,	,	PUNCT
ftr-385	454	20	and	and	CCONJ
ftr-385	454	21	c	c	NOUN
ftr-385	454	22	should	should	AUX
ftr-385	454	23	be	be	AUX
ftr-385	454	24	allowed	allow	VERB
ftr-385	454	25	a	a	DET
ftr-385	454	26	$	$	SYM
ftr-385	454	27	40	40	NUM
ftr-385	454	28	increase	increase	NOUN
ftr-385	454	29	in	in	ADP
ftr-385	454	30	the	the	DET
ftr-385	454	31	basis	basis	NOUN
ftr-385	454	32	of	of	ADP
ftr-385	454	33	distributed	distribute	VERB
ftr-385	454	34	asset	asset	NOUN
ftr-385	454	35	#	#	SYM
ftr-385	454	36	2	2	NUM
ftr-385	454	37	,	,	PUNCT
ftr-385	454	38	preserving	preserve	VERB
ftr-385	454	39	c	c	PROPN
ftr-385	454	40	’s	’s	PART
ftr-385	454	41	$	$	SYM
ftr-385	454	42	20	20	NUM
ftr-385	454	43	share	share	NOUN
ftr-385	454	44	of	of	ADP
ftr-385	454	45	hot	hot	ADJ
ftr-385	454	46	asset	asset	NOUN
ftr-385	454	47	gain	gain	NOUN
ftr-385	454	48	(	(	PUNCT
ftr-385	454	49	$	$	SYM
ftr-385	454	50	80	80	NUM
ftr-385	454	51	less	less	ADJ
ftr-385	454	52	$	$	SYM
ftr-385	454	53	60	60	NUM
ftr-385	454	54	basis).82	basis).82	SYM
ftr-385	454	55	350	350	NUM
ftr-385	454	56	florida	florida	PROPN
ftr-385	454	57	tax	tax	NOUN
ftr-385	454	58	review	review	NOUN
ftr-385	455	1	[	[	X
ftr-385	455	2	vol.8:3	vol.8:3	NOUN
ftr-385	456	1	c	c	X
ftr-385	456	2	’s	’s	PART
ftr-385	456	3	remaining	remain	VERB
ftr-385	456	4	share	share	NOUN
ftr-385	456	5	of	of	ADP
ftr-385	456	6	inside	inside	ADJ
ftr-385	456	7	basis	basis	NOUN
ftr-385	456	8	(	(	PUNCT
ftr-385	456	9	$	$	SYM
ftr-385	456	10	30	30	NUM
ftr-385	456	11	)	)	PUNCT
ftr-385	456	12	and	and	CCONJ
ftr-385	456	13	booked	book	VERB
ftr-385	456	14	-	-	PUNCT
ftr-385	456	15	up	up	ADP
ftr-385	456	16	hot	hot	ADJ
ftr-385	456	17	asset	asset	NOUN
ftr-385	456	18	gain	gain	NOUN
ftr-385	456	19	(	(	PUNCT
ftr-385	456	20	$	$	SYM
ftr-385	456	21	40	40	NUM
ftr-385	456	22	in	in	ADP
ftr-385	456	23	retained	retain	VERB
ftr-385	456	24	asset	asset	NOUN
ftr-385	456	25	#	#	SYM
ftr-385	456	26	1	1	NUM
ftr-385	456	27	and	and	CCONJ
ftr-385	456	28	$	$	SYM
ftr-385	456	29	10	10	NUM
ftr-385	456	30	in	in	ADP
ftr-385	456	31	retained	retain	VERB
ftr-385	456	32	asset	asset	NOUN
ftr-385	456	33	#	#	SYM
ftr-385	456	34	2	2	NUM
ftr-385	456	35	)	)	PUNCT
ftr-385	456	36	equals	equal	VERB
ftr-385	456	37	the	the	DET
ftr-385	456	38	value	value	NOUN
ftr-385	456	39	of	of	ADP
ftr-385	456	40	c	c	PROPN
ftr-385	456	41	’s	’s	PART
ftr-385	456	42	retained	retain	VERB
ftr-385	456	43	interest	interest	NOUN
ftr-385	456	44	(	(	PUNCT
ftr-385	456	45	$	$	SYM
ftr-385	456	46	80	80	NUM
ftr-385	456	47	)	)	PUNCT
ftr-385	456	48	.	.	PUNCT
ftr-385	457	1	83	83	NUM
ftr-385	457	2	.	.	PUNCT
ftr-385	458	1	in	in	ADP
ftr-385	458	2	terms	term	NOUN
ftr-385	458	3	of	of	ADP
ftr-385	458	4	the	the	DET
ftr-385	458	5	1954	1954	NUM
ftr-385	458	6	ali	ali	PROPN
ftr-385	458	7	proposals	proposal	NOUN
ftr-385	458	8	,	,	PUNCT
ftr-385	458	9	the	the	DET
ftr-385	458	10	reduction	reduction	NOUN
ftr-385	458	11	in	in	ADP
ftr-385	458	12	the	the	DET
ftr-385	458	13	value	value	NOUN
ftr-385	458	14	of	of	ADP
ftr-385	458	15	the	the	DET
ftr-385	458	16	distributee	distributee	NOUN
ftr-385	458	17	’s	’s	PART
ftr-385	458	18	partnership	partnership	NOUN
ftr-385	458	19	interest	interest	NOUN
ftr-385	458	20	clearly	clearly	ADV
ftr-385	458	21	represents	represent	VERB
ftr-385	458	22	a	a	DET
ftr-385	458	23	partial	partial	ADJ
ftr-385	458	24	liquidation	liquidation	NOUN
ftr-385	458	25	,	,	PUNCT
ftr-385	458	26	though	though	SCONJ
ftr-385	458	27	it	it	PRON
ftr-385	458	28	may	may	AUX
ftr-385	458	29	be	be	AUX
ftr-385	458	30	quite	quite	ADV
ftr-385	458	31	difficult	difficult	ADJ
ftr-385	458	32	in	in	ADP
ftr-385	458	33	partnerships	partnership	NOUN
ftr-385	458	34	with	with	ADP
ftr-385	458	35	varying	vary	VERB
ftr-385	458	36	profit	profit	NOUN
ftr-385	458	37	-	-	PUNCT
ftr-385	458	38	sharing	share	VERB
ftr-385	458	39	ratios	ratio	NOUN
ftr-385	458	40	to	to	PART
ftr-385	458	41	determine	determine	VERB
ftr-385	458	42	precisely	precisely	ADV
ftr-385	458	43	the	the	DET
ftr-385	458	44	portion	portion	NOUN
ftr-385	458	45	of	of	ADP
ftr-385	458	46	the	the	DET
ftr-385	458	47	distributee	distributee	NOUN
ftr-385	458	48	’s	’s	PART
ftr-385	458	49	interest	interest	NOUN
ftr-385	458	50	redeemed	redeem	VERB
ftr-385	458	51	.	.	PUNCT
ftr-385	459	1	see	see	VERB
ftr-385	459	2	andrews	andrews	PROPN
ftr-385	459	3	,	,	PUNCT
ftr-385	459	4	supra	supra	PROPN
ftr-385	459	5	note	note	PROPN
ftr-385	459	6	5	5	NUM
ftr-385	459	7	,	,	PUNCT
ftr-385	459	8	at	at	ADP
ftr-385	459	9	73	73	NUM
ftr-385	459	10	-	-	SYM
ftr-385	459	11	75	75	NUM
ftr-385	459	12	.	.	PUNCT
ftr-385	460	1	84	84	NUM
ftr-385	460	2	.	.	PUNCT
ftr-385	461	1	thus	thus	ADV
ftr-385	461	2	,	,	PUNCT
ftr-385	461	3	the	the	DET
ftr-385	461	4	abc	abc	PROPN
ftr-385	461	5	partnership	partnership	PROPN
ftr-385	461	6	has	have	VERB
ftr-385	461	7	the	the	DET
ftr-385	461	8	following	follow	VERB
ftr-385	461	9	predistribution	predistribution	NOUN
ftr-385	461	10	balance	balance	NOUN
ftr-385	461	11	sheet	sheet	NOUN
ftr-385	461	12	:	:	PUNCT
ftr-385	461	13	assets	asset	NOUN
ftr-385	461	14	basis	basis	NOUN
ftr-385	461	15	value	value	NOUN
ftr-385	461	16	capital	capital	NOUN
ftr-385	461	17	tax	tax	NOUN
ftr-385	461	18	value	value	NOUN
ftr-385	461	19	cash	cash	NOUN
ftr-385	461	20	$	$	SYM
ftr-385	461	21	60	60	NUM
ftr-385	461	22	$	$	SYM
ftr-385	461	23	60	60	NUM
ftr-385	461	24	a	a	DET
ftr-385	461	25	$	$	SYM
ftr-385	461	26	90	90	NUM
ftr-385	461	27	$	$	SYM
ftr-385	461	28	160	160	NUM
ftr-385	461	29	land	land	NOUN
ftr-385	461	30	180	180	NUM
ftr-385	461	31	300	300	NUM
ftr-385	461	32	b	b	SYM
ftr-385	461	33	90	90	NUM
ftr-385	461	34	160	160	NUM
ftr-385	461	35	receivables	receivables	NOUN
ftr-385	461	36	30	30	NUM
ftr-385	461	37	120	120	NUM
ftr-385	461	38	c	c	NOUN
ftr-385	461	39	90	90	NUM
ftr-385	461	40	160	160	NUM
ftr-385	461	41	total	total	NOUN
ftr-385	461	42	$	$	SYM
ftr-385	461	43	270	270	NUM
ftr-385	461	44	$	$	SYM
ftr-385	461	45	480	480	NUM
ftr-385	461	46	total	total	ADJ
ftr-385	461	47	$	$	SYM
ftr-385	461	48	270	270	NUM
ftr-385	461	49	$	$	SYM
ftr-385	461	50	480	480	NUM
ftr-385	461	51	b.	b.	NOUN
ftr-385	461	52	distributions	distribution	NOUN
ftr-385	461	53	of	of	ADP
ftr-385	461	54	excess	excess	ADJ
ftr-385	461	55	cold	cold	ADJ
ftr-385	461	56	assets	asset	NOUN
ftr-385	461	57	if	if	SCONJ
ftr-385	461	58	reverse	reverse	VERB
ftr-385	461	59	section	section	NOUN
ftr-385	461	60	704(c	704(c	NOUN
ftr-385	461	61	)	)	PUNCT
ftr-385	461	62	allocations	allocation	NOUN
ftr-385	461	63	trump	trump	VERB
ftr-385	461	64	the	the	DET
ftr-385	461	65	application	application	NOUN
ftr-385	461	66	of	of	ADP
ftr-385	461	67	section	section	NOUN
ftr-385	461	68	751(b	751(b	PROPN
ftr-385	461	69	)	)	PUNCT
ftr-385	461	70	,	,	PUNCT
ftr-385	461	71	current	current	ADJ
ftr-385	461	72	distributions	distribution	NOUN
ftr-385	461	73	of	of	ADP
ftr-385	461	74	cold	cold	ADJ
ftr-385	461	75	assets	asset	NOUN
ftr-385	461	76	would	would	AUX
ftr-385	461	77	generally	generally	ADV
ftr-385	461	78	no	no	ADV
ftr-385	461	79	longer	long	ADV
ftr-385	461	80	trigger	trigger	VERB
ftr-385	461	81	the	the	DET
ftr-385	461	82	collapsible	collapsible	ADJ
ftr-385	461	83	partnership	partnership	NOUN
ftr-385	461	84	rules	rule	NOUN
ftr-385	461	85	,	,	PUNCT
ftr-385	461	86	regardless	regardless	ADV
ftr-385	461	87	of	of	ADP
ftr-385	461	88	the	the	DET
ftr-385	461	89	value	value	NOUN
ftr-385	461	90	of	of	ADP
ftr-385	461	91	the	the	DET
ftr-385	461	92	distributee	distributee	NOUN
ftr-385	461	93	’s	’s	PART
ftr-385	461	94	retained	retain	VERB
ftr-385	461	95	interest	interest	NOUN
ftr-385	461	96	.	.	PUNCT
ftr-385	462	1	notice	notice	VERB
ftr-385	462	2	2006	2006	NUM
ftr-385	462	3	-	-	SYM
ftr-385	462	4	14	14	NUM
ftr-385	462	5	requests	request	NOUN
ftr-385	462	6	comments	comment	NOUN
ftr-385	462	7	concerning	concern	VERB
ftr-385	462	8	the83	the83	PROPN
ftr-385	462	9	application	application	NOUN
ftr-385	462	10	of	of	ADP
ftr-385	462	11	the	the	DET
ftr-385	462	12	hot	hot	ADJ
ftr-385	462	13	asset	asset	NOUN
ftr-385	462	14	sale	sale	NOUN
ftr-385	462	15	approach	approach	NOUN
ftr-385	462	16	when	when	SCONJ
ftr-385	462	17	the	the	DET
ftr-385	462	18	distributee	distributee	NOUN
ftr-385	462	19	’s	’s	PART
ftr-385	462	20	share	share	NOUN
ftr-385	462	21	of	of	ADP
ftr-385	462	22	booked	book	VERB
ftr-385	462	23	-	-	PUNCT
ftr-385	462	24	up	up	ADP
ftr-385	462	25	hot	hot	ADJ
ftr-385	462	26	asset	asset	NOUN
ftr-385	462	27	gain	gain	NOUN
ftr-385	462	28	exceeds	exceed	VERB
ftr-385	462	29	the	the	DET
ftr-385	462	30	distributee	distributee	NOUN
ftr-385	462	31	’s	’s	PART
ftr-385	462	32	post	post	ADJ
ftr-385	462	33	-	-	ADJ
ftr-385	462	34	distribution	distribution	ADJ
ftr-385	462	35	interest	interest	NOUN
ftr-385	462	36	in	in	ADP
ftr-385	462	37	partnership	partnership	NOUN
ftr-385	462	38	capital	capital	NOUN
ftr-385	462	39	.	.	PUNCT
ftr-385	463	1	the	the	DET
ftr-385	463	2	issue	issue	NOUN
ftr-385	463	3	is	be	AUX
ftr-385	463	4	not	not	PART
ftr-385	463	5	simply	simply	ADV
ftr-385	463	6	a	a	DET
ftr-385	463	7	technical	technical	ADJ
ftr-385	463	8	one	one	NUM
ftr-385	463	9	:	:	PUNCT
ftr-385	463	10	it	it	PRON
ftr-385	463	11	implicates	implicate	VERB
ftr-385	463	12	the	the	DET
ftr-385	463	13	scope	scope	NOUN
ftr-385	463	14	of	of	ADP
ftr-385	463	15	the	the	DET
ftr-385	463	16	nonrecognition	nonrecognition	NOUN
ftr-385	463	17	rules	rule	NOUN
ftr-385	463	18	generally	generally	ADV
ftr-385	463	19	under	under	ADP
ftr-385	463	20	subchapter	subchapter	NOUN
ftr-385	463	21	k	k	NOUN
ftr-385	463	22	,	,	PUNCT
ftr-385	463	23	as	as	ADV
ftr-385	463	24	well	well	ADV
ftr-385	463	25	as	as	ADP
ftr-385	463	26	the	the	DET
ftr-385	463	27	relationship	relationship	NOUN
ftr-385	463	28	between	between	ADP
ftr-385	463	29	sections	section	NOUN
ftr-385	463	30	751(a	751(a	NUM
ftr-385	463	31	)	)	PUNCT
ftr-385	463	32	and	and	CCONJ
ftr-385	463	33	751(b	751(b	NOUN
ftr-385	463	34	)	)	PUNCT
ftr-385	463	35	which	which	PRON
ftr-385	463	36	were	be	AUX
ftr-385	463	37	intended	intend	VERB
ftr-385	463	38	to	to	PART
ftr-385	463	39	parallel	parallel	VERB
ftr-385	463	40	each	each	DET
ftr-385	463	41	other	other	ADJ
ftr-385	463	42	.	.	PUNCT
ftr-385	464	1	as	as	SCONJ
ftr-385	464	2	illustrated	illustrate	VERB
ftr-385	464	3	by	by	ADP
ftr-385	464	4	example	example	NOUN
ftr-385	464	5	(	(	PUNCT
ftr-385	464	6	5	5	NUM
ftr-385	464	7	)	)	PUNCT
ftr-385	464	8	below	below	ADV
ftr-385	464	9	,	,	PUNCT
ftr-385	464	10	there	there	PRON
ftr-385	464	11	may	may	AUX
ftr-385	464	12	be	be	AUX
ftr-385	464	13	significant	significant	ADJ
ftr-385	464	14	constraints	constraint	NOUN
ftr-385	464	15	on	on	ADP
ftr-385	464	16	the	the	DET
ftr-385	464	17	treasury	treasury	NOUN
ftr-385	464	18	’s	’s	PART
ftr-385	464	19	authority	authority	NOUN
ftr-385	464	20	to	to	PART
ftr-385	464	21	revise	revise	VERB
ftr-385	464	22	the	the	DET
ftr-385	464	23	operation	operation	NOUN
ftr-385	464	24	of	of	ADP
ftr-385	464	25	a	a	DET
ftr-385	464	26	statutory	statutory	ADJ
ftr-385	464	27	provision	provision	NOUN
ftr-385	464	28	that	that	PRON
ftr-385	464	29	was	be	AUX
ftr-385	464	30	conceived	conceive	VERB
ftr-385	464	31	when	when	SCONJ
ftr-385	464	32	revaluations	revaluation	NOUN
ftr-385	464	33	were	be	AUX
ftr-385	464	34	not	not	PART
ftr-385	464	35	prevalent	prevalent	ADJ
ftr-385	464	36	.	.	PUNCT
ftr-385	465	1	example	example	NOUN
ftr-385	465	2	(	(	PUNCT
ftr-385	465	3	5	5	NUM
ftr-385	465	4	):	):	PUNCT
ftr-385	465	5	assume	assume	VERB
ftr-385	465	6	that	that	SCONJ
ftr-385	465	7	c	c	PROPN
ftr-385	465	8	receives	receive	VERB
ftr-385	465	9	a	a	DET
ftr-385	465	10	distribution	distribution	NOUN
ftr-385	465	11	of	of	ADP
ftr-385	465	12	one	one	NUM
ftr-385	465	13	half	half	NOUN
ftr-385	465	14	of	of	ADP
ftr-385	465	15	the	the	DET
ftr-385	465	16	abc	abc	PROPN
ftr-385	465	17	partnership	partnership	PROPN
ftr-385	465	18	’s	’s	PART
ftr-385	465	19	cold	cold	PROPN
ftr-385	465	20	asset	asset	NOUN
ftr-385	465	21	(	(	PUNCT
ftr-385	465	22	$	$	SYM
ftr-385	465	23	90	90	NUM
ftr-385	465	24	basis	basis	NOUN
ftr-385	465	25	,	,	PUNCT
ftr-385	465	26	$	$	SYM
ftr-385	465	27	150	150	NUM
ftr-385	465	28	value	value	NOUN
ftr-385	465	29	)	)	PUNCT
ftr-385	465	30	,	,	PUNCT
ftr-385	465	31	when	when	SCONJ
ftr-385	465	32	the	the	DET
ftr-385	465	33	abc	abc	PROPN
ftr-385	465	34	partnership	partnership	NOUN
ftr-385	465	35	has	have	VERB
ftr-385	465	36	the	the	DET
ftr-385	465	37	same	same	ADJ
ftr-385	465	38	predistribution	predistribution	NOUN
ftr-385	465	39	balance	balance	NOUN
ftr-385	465	40	sheet	sheet	NOUN
ftr-385	465	41	as	as	ADP
ftr-385	465	42	in	in	ADP
ftr-385	465	43	example	example	NOUN
ftr-385	465	44	(	(	PUNCT
ftr-385	465	45	4).84	4).84	NOUN
ftr-385	465	46	immediately	immediately	ADV
ftr-385	465	47	before	before	ADP
ftr-385	465	48	the	the	DET
ftr-385	465	49	distribution	distribution	NOUN
ftr-385	465	50	,	,	PUNCT
ftr-385	465	51	the	the	DET
ftr-385	465	52	partnership	partnership	NOUN
ftr-385	465	53	’s	’s	PART
ftr-385	465	54	assets	asset	NOUN
ftr-385	465	55	are	be	AUX
ftr-385	465	56	revalued	revalue	VERB
ftr-385	465	57	and	and	CCONJ
ftr-385	465	58	each	each	DET
ftr-385	465	59	partner	partner	NOUN
ftr-385	465	60	is	be	AUX
ftr-385	465	61	allocated	allocate	VERB
ftr-385	465	62	one	one	NUM
ftr-385	465	63	third	third	ADJ
ftr-385	465	64	(	(	PUNCT
ftr-385	465	65	$	$	SYM
ftr-385	465	66	40	40	NUM
ftr-385	465	67	)	)	PUNCT
ftr-385	465	68	of	of	ADP
ftr-385	465	69	the	the	DET
ftr-385	465	70	partnership	partnership	NOUN
ftr-385	465	71	’s	’s	PART
ftr-385	465	72	total	total	ADJ
ftr-385	465	73	cold	cold	ADJ
ftr-385	465	74	asset	asset	NOUN
ftr-385	465	75	gain	gain	NOUN
ftr-385	465	76	and	and	CCONJ
ftr-385	465	77	one	one	NUM
ftr-385	465	78	third	third	ADJ
ftr-385	465	79	(	(	PUNCT
ftr-385	465	80	$	$	SYM
ftr-385	465	81	30	30	NUM
ftr-385	465	82	)	)	PUNCT
ftr-385	465	83	of	of	ADP
ftr-385	465	84	the	the	DET
ftr-385	465	85	partnership	partnership	NOUN
ftr-385	465	86	’s	’s	PART
ftr-385	465	87	total	total	ADJ
ftr-385	465	88	hot	hot	ADJ
ftr-385	465	89	asset	asset	NOUN
ftr-385	465	90	gain	gain	NOUN
ftr-385	465	91	.	.	PUNCT
ftr-385	466	1	the	the	DET
ftr-385	466	2	abc	abc	PROPN
ftr-385	466	3	partnership	partnership	PROPN
ftr-385	466	4	has	have	VERB
ftr-385	466	5	the	the	DET
ftr-385	466	6	following	follow	VERB
ftr-385	466	7	post	post	ADJ
ftr-385	466	8	-	-	ADJ
ftr-385	466	9	distribution	distribution	ADJ
ftr-385	466	10	balance	balance	NOUN
ftr-385	466	11	sheet	sheet	NOUN
ftr-385	466	12	:	:	PUNCT
ftr-385	466	13	assets	asset	NOUN
ftr-385	466	14	basis	basis	NOUN
ftr-385	466	15	value	value	NOUN
ftr-385	466	16	capital	capital	NOUN
ftr-385	466	17	tax	tax	NOUN
ftr-385	466	18	book	book	NOUN
ftr-385	466	19	cash	cash	NOUN
ftr-385	466	20	$	$	SYM
ftr-385	466	21	60	60	NUM
ftr-385	466	22	$	$	SYM
ftr-385	466	23	60	60	NUM
ftr-385	466	24	a	a	DET
ftr-385	466	25	$	$	SYM
ftr-385	466	26	90	90	NUM
ftr-385	466	27	$	$	SYM
ftr-385	466	28	160	160	NUM
ftr-385	466	29	land	land	NOUN
ftr-385	466	30	90	90	NUM
ftr-385	466	31	150	150	NUM
ftr-385	466	32	b	b	NOUN
ftr-385	466	33	90	90	NUM
ftr-385	466	34	160	160	NUM
ftr-385	466	35	receivables	receivables	NOUN
ftr-385	466	36	30	30	NUM
ftr-385	466	37	120	120	NUM
ftr-385	466	38	c	c	NOUN
ftr-385	466	39	0	0	NUM
ftr-385	466	40	10	10	NUM
ftr-385	466	41	total	total	ADJ
ftr-385	466	42	$	$	SYM
ftr-385	466	43	180	180	NUM
ftr-385	466	44	$	$	SYM
ftr-385	466	45	330	330	NUM
ftr-385	466	46	total	total	NOUN
ftr-385	466	47	$	$	SYM
ftr-385	466	48	180	180	NUM
ftr-385	466	49	$	$	SYM
ftr-385	466	50	330	330	NUM
ftr-385	466	51	ignoring	ignore	VERB
ftr-385	466	52	section	section	NOUN
ftr-385	466	53	751(b	751(b	PROPN
ftr-385	466	54	)	)	PUNCT
ftr-385	466	55	,	,	PUNCT
ftr-385	466	56	c	c	PROPN
ftr-385	466	57	takes	take	VERB
ftr-385	466	58	a	a	DET
ftr-385	466	59	transferred	transfer	VERB
ftr-385	466	60	basis	basis	NOUN
ftr-385	466	61	(	(	PUNCT
ftr-385	466	62	$	$	SYM
ftr-385	466	63	90	90	NUM
ftr-385	466	64	)	)	PUNCT
ftr-385	466	65	in	in	ADP
ftr-385	466	66	the	the	DET
ftr-385	466	67	distributed	distribute	VERB
ftr-385	466	68	cold	cold	ADJ
ftr-385	466	69	asset	asset	NOUN
ftr-385	466	70	,	,	PUNCT
ftr-385	466	71	leaving	leave	VERB
ftr-385	466	72	c	c	NOUN
ftr-385	466	73	with	with	ADP
ftr-385	466	74	cold	cold	ADJ
ftr-385	466	75	asset	asset	NOUN
ftr-385	466	76	gain	gain	NOUN
ftr-385	466	77	of	of	ADP
ftr-385	466	78	$	$	SYM
ftr-385	466	79	60	60	NUM
ftr-385	466	80	outside	outside	ADP
ftr-385	466	81	the	the	DET
ftr-385	466	82	partnership	partnership	NOUN
ftr-385	466	83	(	(	PUNCT
ftr-385	466	84	$	$	SYM
ftr-385	466	85	20	20	NUM
ftr-385	466	86	more	more	ADJ
ftr-385	466	87	2007	2007	NUM
ftr-385	466	88	]	]	PUNCT
ftr-385	466	89	taxing	tax	VERB
ftr-385	466	90	hot	hot	ADJ
ftr-385	466	91	asset	asset	NOUN
ftr-385	466	92	shifts	shift	NOUN
ftr-385	466	93	351	351	NUM
ftr-385	466	94	85	85	NUM
ftr-385	466	95	.	.	PUNCT
ftr-385	467	1	see	see	VERB
ftr-385	467	2	irc	irc	PROPN
ftr-385	467	3	§	§	PROPN
ftr-385	467	4	731(a	731(a	PROPN
ftr-385	467	5	)	)	PUNCT
ftr-385	467	6	.	.	PUNCT
ftr-385	468	1	86	86	NUM
ftr-385	468	2	.	.	PUNCT
ftr-385	469	1	see	see	VERB
ftr-385	469	2	reg	reg	NOUN
ftr-385	469	3	.	.	PUNCT
ftr-385	470	1	§	§	PROPN
ftr-385	470	2	1.751	1.751	NUM
ftr-385	470	3	-	-	SYM
ftr-385	470	4	1(a)(2	1(a)(2	NUM
ftr-385	470	5	)	)	PUNCT
ftr-385	470	6	.	.	PUNCT
ftr-385	471	1	87	87	NUM
ftr-385	471	2	.	.	PUNCT
ftr-385	472	1	see	see	VERB
ftr-385	472	2	jackel	jackel	PROPN
ftr-385	472	3	&	&	CCONJ
ftr-385	472	4	stok	stok	PROPN
ftr-385	472	5	,	,	PUNCT
ftr-385	472	6	supra	supra	PROPN
ftr-385	472	7	note	note	PROPN
ftr-385	472	8	18	18	NUM
ftr-385	472	9	,	,	PUNCT
ftr-385	472	10	at	at	ADP
ftr-385	472	11	1581	1581	NUM
ftr-385	472	12	than	than	ADP
ftr-385	472	13	c	c	NOUN
ftr-385	472	14	’s	’s	PART
ftr-385	472	15	total	total	ADJ
ftr-385	472	16	predistribution	predistribution	NOUN
ftr-385	472	17	share	share	NOUN
ftr-385	472	18	)	)	PUNCT
ftr-385	472	19	.	.	PUNCT
ftr-385	473	1	c	c	X
ftr-385	473	2	’s	’s	ADV
ftr-385	473	3	booked	book	VERB
ftr-385	473	4	-	-	PUNCT
ftr-385	473	5	up	up	ADP
ftr-385	473	6	hot	hot	ADJ
ftr-385	473	7	asset	asset	NOUN
ftr-385	473	8	gain	gain	NOUN
ftr-385	473	9	(	(	PUNCT
ftr-385	473	10	$	$	SYM
ftr-385	473	11	30	30	NUM
ftr-385	473	12	)	)	PUNCT
ftr-385	473	13	exceeds	exceed	VERB
ftr-385	473	14	c	c	PROPN
ftr-385	473	15	’s	’s	PART
ftr-385	473	16	post	post	ADJ
ftr-385	473	17	-	-	ADJ
ftr-385	473	18	distribution	distribution	ADJ
ftr-385	473	19	interest	interest	NOUN
ftr-385	473	20	in	in	ADP
ftr-385	473	21	partnership	partnership	NOUN
ftr-385	473	22	capital	capital	NOUN
ftr-385	473	23	(	(	PUNCT
ftr-385	473	24	$	$	SYM
ftr-385	473	25	10	10	NUM
ftr-385	473	26	)	)	PUNCT
ftr-385	473	27	.	.	PUNCT
ftr-385	474	1	the	the	DET
ftr-385	474	2	nondistributee	nondistributee	PROPN
ftr-385	474	3	partners	partner	NOUN
ftr-385	474	4	’	’	PART
ftr-385	474	5	total	total	ADJ
ftr-385	474	6	share	share	NOUN
ftr-385	474	7	of	of	ADP
ftr-385	474	8	booked	book	VERB
ftr-385	474	9	-	-	PUNCT
ftr-385	474	10	up	up	ADP
ftr-385	474	11	cold	cold	ADJ
ftr-385	474	12	asset	asset	NOUN
ftr-385	474	13	gain	gain	NOUN
ftr-385	474	14	(	(	PUNCT
ftr-385	474	15	$	$	SYM
ftr-385	474	16	80	80	NUM
ftr-385	474	17	)	)	PUNCT
ftr-385	474	18	also	also	ADV
ftr-385	474	19	exceeds	exceed	VERB
ftr-385	474	20	the	the	DET
ftr-385	474	21	actual	actual	ADJ
ftr-385	474	22	tax	tax	NOUN
ftr-385	474	23	gain	gain	NOUN
ftr-385	474	24	(	(	PUNCT
ftr-385	474	25	$	$	SYM
ftr-385	474	26	60	60	NUM
ftr-385	474	27	)	)	PUNCT
ftr-385	474	28	inherent	inherent	ADJ
ftr-385	474	29	in	in	ADP
ftr-385	474	30	the	the	DET
ftr-385	474	31	retained	retain	VERB
ftr-385	474	32	cold	cold	ADJ
ftr-385	474	33	asset	asset	NOUN
ftr-385	474	34	,	,	PUNCT
ftr-385	474	35	giving	give	VERB
ftr-385	474	36	rise	rise	NOUN
ftr-385	474	37	to	to	ADP
ftr-385	474	38	potential	potential	ADJ
ftr-385	474	39	ceiling	ceiling	NOUN
ftr-385	474	40	-	-	PUNCT
ftr-385	474	41	rule	rule	NOUN
ftr-385	474	42	problems	problem	NOUN
ftr-385	474	43	.	.	PUNCT
ftr-385	475	1	in	in	ADP
ftr-385	475	2	example	example	NOUN
ftr-385	475	3	(	(	PUNCT
ftr-385	475	4	5	5	NUM
ftr-385	475	5	)	)	PUNCT
ftr-385	475	6	,	,	PUNCT
ftr-385	475	7	c	c	X
ftr-385	475	8	’s	’s	NOUN
ftr-385	475	9	excess	excess	ADJ
ftr-385	475	10	booked	book	VERB
ftr-385	475	11	-	-	PUNCT
ftr-385	475	12	up	up	ADP
ftr-385	475	13	hot	hot	ADJ
ftr-385	475	14	asset	asset	NOUN
ftr-385	475	15	gain	gain	NOUN
ftr-385	475	16	of	of	ADP
ftr-385	475	17	$	$	SYM
ftr-385	475	18	20	20	NUM
ftr-385	475	19	would	would	AUX
ftr-385	475	20	apparently	apparently	ADV
ftr-385	475	21	be	be	AUX
ftr-385	475	22	recognized	recognize	VERB
ftr-385	475	23	regardless	regardless	ADV
ftr-385	475	24	of	of	ADP
ftr-385	475	25	whether	whether	SCONJ
ftr-385	475	26	the	the	DET
ftr-385	475	27	partnership	partnership	NOUN
ftr-385	475	28	sells	sell	VERB
ftr-385	475	29	the	the	DET
ftr-385	475	30	retained	retain	VERB
ftr-385	475	31	assets	asset	NOUN
ftr-385	475	32	or	or	CCONJ
ftr-385	475	33	c	c	NOUN
ftr-385	475	34	sells	sell	VERB
ftr-385	475	35	her	her	PRON
ftr-385	475	36	partnership	partnership	NOUN
ftr-385	475	37	interest	interest	NOUN
ftr-385	475	38	.	.	PUNCT
ftr-385	476	1	if	if	SCONJ
ftr-385	476	2	the	the	DET
ftr-385	476	3	partnership	partnership	NOUN
ftr-385	476	4	sold	sell	VERB
ftr-385	476	5	its	its	PRON
ftr-385	476	6	retained	retain	VERB
ftr-385	476	7	assets	asset	NOUN
ftr-385	476	8	for	for	ADP
ftr-385	476	9	their	their	PRON
ftr-385	476	10	fair	fair	ADJ
ftr-385	476	11	market	market	NOUN
ftr-385	476	12	value	value	NOUN
ftr-385	476	13	,	,	PUNCT
ftr-385	476	14	each	each	DET
ftr-385	476	15	partner	partner	NOUN
ftr-385	476	16	would	would	AUX
ftr-385	476	17	be	be	AUX
ftr-385	476	18	allocated	allocate	VERB
ftr-385	476	19	one	one	NUM
ftr-385	476	20	third	third	NOUN
ftr-385	476	21	of	of	ADP
ftr-385	476	22	the	the	DET
ftr-385	476	23	partnership	partnership	NOUN
ftr-385	476	24	’s	’s	PART
ftr-385	476	25	ordinary	ordinary	ADJ
ftr-385	476	26	income	income	NOUN
ftr-385	476	27	(	(	PUNCT
ftr-385	476	28	$	$	SYM
ftr-385	476	29	30	30	NUM
ftr-385	476	30	each	each	PRON
ftr-385	476	31	)	)	PUNCT
ftr-385	476	32	and	and	CCONJ
ftr-385	476	33	a	a	PRON
ftr-385	476	34	and	and	CCONJ
ftr-385	476	35	b	b	NOUN
ftr-385	476	36	should	should	AUX
ftr-385	476	37	presumably	presumably	ADV
ftr-385	476	38	be	be	AUX
ftr-385	476	39	allocated	allocate	VERB
ftr-385	476	40	the	the	DET
ftr-385	476	41	partnership	partnership	NOUN
ftr-385	476	42	’s	’s	PART
ftr-385	476	43	entire	entire	ADJ
ftr-385	476	44	cold	cold	ADJ
ftr-385	476	45	asset	asset	NOUN
ftr-385	476	46	gain	gain	NOUN
ftr-385	476	47	(	(	PUNCT
ftr-385	476	48	$	$	SYM
ftr-385	476	49	60	60	NUM
ftr-385	476	50	)	)	PUNCT
ftr-385	476	51	.	.	PUNCT
ftr-385	477	1	on	on	ADP
ftr-385	477	2	liquidation	liquidation	NOUN
ftr-385	477	3	of	of	ADP
ftr-385	477	4	the	the	DET
ftr-385	477	5	partnership	partnership	NOUN
ftr-385	477	6	,	,	PUNCT
ftr-385	477	7	c	c	PROPN
ftr-385	477	8	would	would	AUX
ftr-385	477	9	recognize	recognize	VERB
ftr-385	477	10	a	a	DET
ftr-385	477	11	capital	capital	NOUN
ftr-385	477	12	loss	loss	NOUN
ftr-385	477	13	of	of	ADP
ftr-385	477	14	$	$	SYM
ftr-385	477	15	20	20	NUM
ftr-385	477	16	(	(	PUNCT
ftr-385	477	17	$	$	SYM
ftr-385	477	18	10	10	NUM
ftr-385	477	19	distribution	distribution	NOUN
ftr-385	477	20	less	less	ADJ
ftr-385	477	21	$	$	SYM
ftr-385	477	22	30	30	NUM
ftr-385	477	23	outside	outside	ADJ
ftr-385	477	24	basis	basis	NOUN
ftr-385	477	25	)	)	PUNCT
ftr-385	477	26	and	and	CCONJ
ftr-385	477	27	a	a	PRON
ftr-385	477	28	and	and	CCONJ
ftr-385	477	29	b	b	NOUN
ftr-385	477	30	would	would	AUX
ftr-385	477	31	recognize	recognize	VERB
ftr-385	477	32	an	an	DET
ftr-385	477	33	offsetting	offset	VERB
ftr-385	477	34	capital	capital	NOUN
ftr-385	477	35	gain	gain	NOUN
ftr-385	477	36	of	of	ADP
ftr-385	477	37	$	$	SYM
ftr-385	477	38	20	20	NUM
ftr-385	477	39	(	(	PUNCT
ftr-385	477	40	$	$	SYM
ftr-385	477	41	320	320	NUM
ftr-385	477	42	distribution	distribution	NOUN
ftr-385	477	43	less	less	ADJ
ftr-385	477	44	$	$	SYM
ftr-385	477	45	300	300	NUM
ftr-385	477	46	outside	outside	ADP
ftr-385	477	47	basis	basis	NOUN
ftr-385	477	48	)	)	PUNCT
ftr-385	477	49	.	.	PUNCT
ftr-385	478	1	similarly	similarly	ADV
ftr-385	478	2	,	,	PUNCT
ftr-385	478	3	if85	if85	PROPN
ftr-385	478	4	c	c	PROPN
ftr-385	478	5	sold	sell	VERB
ftr-385	478	6	her	her	PRON
ftr-385	478	7	partnership	partnership	NOUN
ftr-385	478	8	interest	interest	NOUN
ftr-385	478	9	for	for	ADP
ftr-385	478	10	$	$	SYM
ftr-385	478	11	10	10	NUM
ftr-385	478	12	,	,	PUNCT
ftr-385	478	13	c	c	PROPN
ftr-385	478	14	would	would	AUX
ftr-385	478	15	recognize	recognize	VERB
ftr-385	478	16	$	$	SYM
ftr-385	478	17	30	30	NUM
ftr-385	478	18	of	of	ADP
ftr-385	478	19	ordinary	ordinary	ADJ
ftr-385	478	20	income	income	NOUN
ftr-385	478	21	under	under	ADP
ftr-385	478	22	the	the	DET
ftr-385	478	23	section	section	NOUN
ftr-385	478	24	751(a	751(a	NUM
ftr-385	478	25	)	)	PUNCT
ftr-385	478	26	regulations	regulation	NOUN
ftr-385	478	27	,	,	PUNCT
ftr-385	478	28	and	and	CCONJ
ftr-385	478	29	an	an	DET
ftr-385	478	30	offsetting	offset	VERB
ftr-385	478	31	capital	capital	NOUN
ftr-385	478	32	loss	loss	NOUN
ftr-385	478	33	of	of	ADP
ftr-385	478	34	$	$	SYM
ftr-385	478	35	20	20	NUM
ftr-385	478	36	.	.	PUNCT
ftr-385	479	1	rather	rather	ADV
ftr-385	479	2	than	than	SCONJ
ftr-385	479	3	attempt	attempt	VERB
ftr-385	479	4	to	to	PART
ftr-385	479	5	allocate	allocate	VERB
ftr-385	479	6	a	a	DET
ftr-385	479	7	portion	portion	NOUN
ftr-385	479	8	of	of	ADP
ftr-385	479	9	the	the	DET
ftr-385	479	10	selling	selling	NOUN
ftr-385	479	11	partner	partner	NOUN
ftr-385	479	12	’s	’s	PART
ftr-385	479	13	amount86	amount86	NOUN
ftr-385	479	14	realized	realize	VERB
ftr-385	479	15	and	and	CCONJ
ftr-385	479	16	adjusted	adjust	VERB
ftr-385	479	17	basis	basis	NOUN
ftr-385	479	18	to	to	PART
ftr-385	479	19	section	section	NOUN
ftr-385	479	20	751(b	751(b	PROPN
ftr-385	479	21	)	)	PUNCT
ftr-385	479	22	property	property	NOUN
ftr-385	479	23	,	,	PUNCT
ftr-385	479	24	the	the	DET
ftr-385	479	25	section	section	NOUN
ftr-385	479	26	751(a	751(a	NUM
ftr-385	479	27	)	)	PUNCT
ftr-385	479	28	regulations	regulation	NOUN
ftr-385	479	29	adopt	adopt	VERB
ftr-385	479	30	a	a	DET
ftr-385	479	31	hypothetical	hypothetical	ADJ
ftr-385	479	32	sale	sale	NOUN
ftr-385	479	33	approach	approach	NOUN
ftr-385	479	34	under	under	ADP
ftr-385	479	35	which	which	PRON
ftr-385	479	36	c	c	NOUN
ftr-385	479	37	recognizes	recognize	VERB
ftr-385	479	38	ordinary	ordinary	ADJ
ftr-385	479	39	income	income	NOUN
ftr-385	479	40	as	as	SCONJ
ftr-385	479	41	if	if	SCONJ
ftr-385	479	42	the	the	DET
ftr-385	479	43	partnership	partnership	NOUN
ftr-385	479	44	sold	sell	VERB
ftr-385	479	45	its	its	PRON
ftr-385	479	46	assets	asset	NOUN
ftr-385	479	47	.	.	PUNCT
ftr-385	480	1	under	under	ADP
ftr-385	480	2	a	a	DET
ftr-385	480	3	literal	literal	ADJ
ftr-385	480	4	interpretation	interpretation	NOUN
ftr-385	480	5	of	of	ADP
ftr-385	480	6	section	section	NOUN
ftr-385	480	7	751(a	751(a	PROPN
ftr-385	480	8	)	)	PUNCT
ftr-385	480	9	,	,	PUNCT
ftr-385	480	10	however	however	ADV
ftr-385	480	11	,	,	PUNCT
ftr-385	480	12	the	the	DET
ftr-385	480	13	actual	actual	ADJ
ftr-385	480	14	amount	amount	NOUN
ftr-385	480	15	realized	realize	VERB
ftr-385	480	16	on	on	ADP
ftr-385	480	17	the	the	DET
ftr-385	480	18	sale	sale	NOUN
ftr-385	480	19	of	of	ADP
ftr-385	480	20	c	c	PROPN
ftr-385	480	21	’s	’s	PART
ftr-385	480	22	interest	interest	NOUN
ftr-385	480	23	(	(	PUNCT
ftr-385	480	24	$	$	SYM
ftr-385	480	25	10	10	NUM
ftr-385	480	26	)	)	PUNCT
ftr-385	480	27	arguably	arguably	ADV
ftr-385	480	28	sets	set	VERB
ftr-385	480	29	a	a	DET
ftr-385	480	30	cap	cap	NOUN
ftr-385	480	31	on	on	ADP
ftr-385	480	32	c	c	PROPN
ftr-385	480	33	’s	’s	ADV
ftr-385	480	34	realized	realize	VERB
ftr-385	480	35	ordinary	ordinary	ADJ
ftr-385	480	36	income	income	NOUN
ftr-385	480	37	,	,	PUNCT
ftr-385	480	38	potentially	potentially	ADV
ftr-385	480	39	allowing	allow	VERB
ftr-385	480	40	hot	hot	ADJ
ftr-385	480	41	asset	asset	NOUN
ftr-385	480	42	gain	gain	NOUN
ftr-385	480	43	of	of	ADP
ftr-385	480	44	$	$	SYM
ftr-385	480	45	20	20	NUM
ftr-385	480	46	to	to	PART
ftr-385	480	47	disappear	disappear	VERB
ftr-385	480	48	.	.	PUNCT
ftr-385	481	1	87	87	NUM
ftr-385	481	2	given	give	VERB
ftr-385	481	3	the	the	DET
ftr-385	481	4	parallel	parallel	ADJ
ftr-385	481	5	purpose	purpose	NOUN
ftr-385	481	6	of	of	ADP
ftr-385	481	7	sections	section	NOUN
ftr-385	481	8	751(a	751(a	NUM
ftr-385	481	9	)	)	PUNCT
ftr-385	481	10	and	and	CCONJ
ftr-385	481	11	751(b	751(b	NOUN
ftr-385	481	12	)	)	PUNCT
ftr-385	481	13	,	,	PUNCT
ftr-385	481	14	it	it	PRON
ftr-385	481	15	would	would	AUX
ftr-385	481	16	clearly	clearly	ADV
ftr-385	481	17	be	be	AUX
ftr-385	481	18	inappropriate	inappropriate	ADJ
ftr-385	481	19	to	to	PART
ftr-385	481	20	interpret	interpret	VERB
ftr-385	481	21	one	one	NUM
ftr-385	481	22	provision	provision	NOUN
ftr-385	481	23	in	in	ADP
ftr-385	481	24	a	a	DET
ftr-385	481	25	manner	manner	NOUN
ftr-385	481	26	that	that	PRON
ftr-385	481	27	defeats	defeat	VERB
ftr-385	481	28	the	the	DET
ftr-385	481	29	other	other	ADJ
ftr-385	481	30	.	.	PUNCT
ftr-385	482	1	thus	thus	ADV
ftr-385	482	2	,	,	PUNCT
ftr-385	482	3	if	if	SCONJ
ftr-385	482	4	the	the	DET
ftr-385	482	5	section	section	NOUN
ftr-385	482	6	751(b	751(b	PROPN
ftr-385	482	7	)	)	PUNCT
ftr-385	482	8	regulations	regulation	NOUN
ftr-385	482	9	were	be	AUX
ftr-385	482	10	to	to	PART
ftr-385	482	11	take	take	VERB
ftr-385	482	12	the	the	DET
ftr-385	482	13	position	position	NOUN
ftr-385	482	14	that	that	SCONJ
ftr-385	482	15	no	no	DET
ftr-385	482	16	hot	hot	ADJ
ftr-385	482	17	asset	asset	NOUN
ftr-385	482	18	shift	shift	NOUN
ftr-385	482	19	occurs	occur	VERB
ftr-385	482	20	even	even	ADV
ftr-385	482	21	though	though	SCONJ
ftr-385	482	22	the	the	DET
ftr-385	482	23	distributee	distributee	NOUN
ftr-385	482	24	’s	’s	PART
ftr-385	482	25	share	share	NOUN
ftr-385	482	26	of	of	ADP
ftr-385	482	27	booked	book	VERB
ftr-385	482	28	-	-	PUNCT
ftr-385	482	29	up	up	ADP
ftr-385	482	30	hot	hot	ADJ
ftr-385	482	31	asset	asset	NOUN
ftr-385	482	32	gain	gain	NOUN
ftr-385	482	33	exceeds	exceed	VERB
ftr-385	482	34	the	the	DET
ftr-385	482	35	value	value	NOUN
ftr-385	482	36	of	of	ADP
ftr-385	482	37	the	the	DET
ftr-385	482	38	distributee	distributee	NOUN
ftr-385	482	39	’s	’s	PART
ftr-385	482	40	retained	retain	VERB
ftr-385	482	41	interest	interest	NOUN
ftr-385	482	42	,	,	PUNCT
ftr-385	482	43	the	the	DET
ftr-385	482	44	section	section	NOUN
ftr-385	482	45	751(a	751(a	NUM
ftr-385	482	46	)	)	PUNCT
ftr-385	482	47	regulations	regulation	NOUN
ftr-385	482	48	ought	ought	AUX
ftr-385	482	49	to	to	PART
ftr-385	482	50	require	require	VERB
ftr-385	482	51	that	that	SCONJ
ftr-385	482	52	any	any	DET
ftr-385	482	53	reverse	reverse	ADJ
ftr-385	482	54	section	section	NOUN
ftr-385	482	55	704(c	704(c	NOUN
ftr-385	482	56	)	)	PUNCT
ftr-385	482	57	allocations	allocation	NOUN
ftr-385	482	58	be	be	AUX
ftr-385	482	59	taken	take	VERB
ftr-385	482	60	into	into	ADP
ftr-385	482	61	account	account	NOUN
ftr-385	482	62	upon	upon	SCONJ
ftr-385	482	63	a	a	DET
ftr-385	482	64	subsequent	subsequent	ADJ
ftr-385	482	65	transfer	transfer	NOUN
ftr-385	482	66	of	of	ADP
ftr-385	482	67	the	the	DET
ftr-385	482	68	distributee	distributee	NOUN
ftr-385	482	69	’s	’s	PART
ftr-385	482	70	partnership	partnership	NOUN
ftr-385	482	71	interest	interest	NOUN
ftr-385	482	72	.	.	PUNCT
ftr-385	483	1	in	in	ADP
ftr-385	483	2	light	light	NOUN
ftr-385	483	3	of	of	ADP
ftr-385	483	4	the	the	DET
ftr-385	483	5	language	language	NOUN
ftr-385	483	6	of	of	ADP
ftr-385	483	7	section	section	NOUN
ftr-385	483	8	751(a	751(a	PROPN
ftr-385	483	9	)	)	PUNCT
ftr-385	483	10	,	,	PUNCT
ftr-385	483	11	however	however	ADV
ftr-385	483	12	,	,	PUNCT
ftr-385	483	13	a	a	DET
ftr-385	483	14	court	court	NOUN
ftr-385	483	15	might	might	AUX
ftr-385	483	16	nevertheless	nevertheless	ADV
ftr-385	483	17	conclude	conclude	VERB
ftr-385	483	18	that	that	DET
ftr-385	483	19	treasury	treasury	NOUN
ftr-385	483	20	’s	’s	PART
ftr-385	483	21	exercise	exercise	NOUN
ftr-385	483	22	of	of	ADP
ftr-385	483	23	its	its	PRON
ftr-385	483	24	regulatory	regulatory	ADJ
ftr-385	483	25	authority	authority	NOUN
ftr-385	483	26	under	under	ADP
ftr-385	483	27	section	section	NOUN
ftr-385	483	28	751(a	751(a	NUM
ftr-385	483	29	)	)	PUNCT
ftr-385	483	30	was	be	AUX
ftr-385	483	31	unreasonable	unreasonable	ADJ
ftr-385	483	32	.	.	PUNCT
ftr-385	484	1	indeed	indeed	ADV
ftr-385	484	2	,	,	PUNCT
ftr-385	484	3	the	the	DET
ftr-385	484	4	government	government	NOUN
ftr-385	484	5	could	could	AUX
ftr-385	484	6	very	very	ADV
ftr-385	484	7	well	well	ADV
ftr-385	484	8	be	be	AUX
ftr-385	484	9	whipsawed	whipsaw	VERB
ftr-385	484	10	:	:	PUNCT
ftr-385	484	11	a	a	DET
ftr-385	484	12	distributee	distributee	NOUN
ftr-385	484	13	might	might	AUX
ftr-385	484	14	fail	fail	VERB
ftr-385	484	15	to	to	PART
ftr-385	484	16	report	report	VERB
ftr-385	484	17	ordinary	ordinary	ADJ
ftr-385	484	18	income	income	NOUN
ftr-385	484	19	on	on	ADP
ftr-385	484	20	a	a	DET
ftr-385	484	21	hot	hot	ADJ
ftr-385	484	22	asset	asset	NOUN
ftr-385	484	23	shift	shift	NOUN
ftr-385	484	24	,	,	PUNCT
ftr-385	484	25	while	while	SCONJ
ftr-385	484	26	the	the	DET
ftr-385	484	27	purchasing	purchase	VERB
ftr-385	484	28	partners	partner	NOUN
ftr-385	484	29	could	could	AUX
ftr-385	484	30	later	later	ADV
ftr-385	484	31	claim	claim	VERB
ftr-385	484	32	that	that	SCONJ
ftr-385	484	33	they	they	PRON
ftr-385	484	34	were	be	AUX
ftr-385	484	35	entitled	entitle	VERB
ftr-385	484	36	to	to	ADP
ftr-385	484	37	a	a	DET
ftr-385	484	38	stepped	step	VERB
ftr-385	484	39	-	-	PUNCT
ftr-385	484	40	up	up	ADP
ftr-385	484	41	basis	basis	NOUN
ftr-385	484	42	in	in	ADP
ftr-385	484	43	purchased	purchase	VERB
ftr-385	484	44	hot	hot	ADJ
ftr-385	484	45	assets	asset	NOUN
ftr-385	484	46	.	.	PUNCT
ftr-385	485	1	in	in	ADP
ftr-385	485	2	revising	revise	VERB
ftr-385	485	3	the	the	DET
ftr-385	485	4	section	section	NOUN
ftr-385	485	5	751(a	751(a	NUM
ftr-385	485	6	)	)	PUNCT
ftr-385	485	7	regulations	regulation	NOUN
ftr-385	485	8	in	in	ADP
ftr-385	485	9	1999	1999	NUM
ftr-385	485	10	,	,	PUNCT
ftr-385	485	11	the	the	DET
ftr-385	485	12	drafters	drafter	NOUN
ftr-385	485	13	could	could	AUX
ftr-385	485	14	not	not	PART
ftr-385	485	15	have	have	AUX
ftr-385	485	16	anticipated	anticipate	VERB
ftr-385	485	17	the	the	DET
ftr-385	485	18	full	full	ADJ
ftr-385	485	19	extent	extent	NOUN
ftr-385	485	20	to	to	PART
ftr-385	485	21	which	which	PRON
ftr-385	485	22	hot	hot	ADJ
ftr-385	485	23	asset	asset	NOUN
ftr-385	485	24	gain	gain	NOUN
ftr-385	485	25	might	might	AUX
ftr-385	485	26	be	be	AUX
ftr-385	485	27	deferred	defer	VERB
ftr-385	485	28	through	through	ADP
ftr-385	485	29	a	a	DET
ftr-385	485	30	revaluation	revaluation	NOUN
ftr-385	485	31	without	without	ADP
ftr-385	485	32	triggering	trigger	VERB
ftr-385	485	33	352	352	NUM
ftr-385	485	34	florida	florida	PROPN
ftr-385	485	35	tax	tax	NOUN
ftr-385	485	36	review	review	NOUN
ftr-385	486	1	[	[	X
ftr-385	486	2	vol.8:3	vol.8:3	NOUN
ftr-385	486	3	88	88	NUM
ftr-385	486	4	.	.	PUNCT
ftr-385	487	1	according	accord	VERB
ftr-385	487	2	to	to	ADP
ftr-385	487	3	the	the	DET
ftr-385	487	4	nysba	nysba	NOUN
ftr-385	487	5	,	,	PUNCT
ftr-385	487	6	“	"	PUNCT
ftr-385	487	7	there	there	PRON
ftr-385	487	8	is	be	VERB
ftr-385	487	9	not	not	PART
ftr-385	487	10	an	an	DET
ftr-385	487	11	obvious	obvious	ADJ
ftr-385	487	12	and	and	CCONJ
ftr-385	487	13	principled	principled	ADJ
ftr-385	487	14	way	way	NOUN
ftr-385	487	15	of	of	ADP
ftr-385	487	16	defining	define	VERB
ftr-385	487	17	a	a	DET
ftr-385	487	18	point	point	NOUN
ftr-385	487	19	at	at	ADP
ftr-385	487	20	which	which	PRON
ftr-385	487	21	reverse	reverse	NOUN
ftr-385	487	22	704(c	704(c	PROPN
ftr-385	487	23	)	)	PUNCT
ftr-385	487	24	concepts	concept	NOUN
ftr-385	487	25	should	should	AUX
ftr-385	487	26	no	no	ADV
ftr-385	487	27	longer	long	ADV
ftr-385	487	28	apply	apply	VERB
ftr-385	487	29	and	and	CCONJ
ftr-385	487	30	§	§	PROPN
ftr-385	487	31	751(b	751(b	PROPN
ftr-385	487	32	)	)	PUNCT
ftr-385	487	33	should	should	AUX
ftr-385	487	34	be	be	AUX
ftr-385	487	35	triggered	trigger	VERB
ftr-385	487	36	.	.	PUNCT
ftr-385	487	37	”	"	PUNCT
ftr-385	488	1	nysba	nysba	PROPN
ftr-385	488	2	report	report	NOUN
ftr-385	488	3	,	,	PUNCT
ftr-385	488	4	supra	supra	PROPN
ftr-385	488	5	note	note	NOUN
ftr-385	488	6	2	2	NUM
ftr-385	488	7	,	,	PUNCT
ftr-385	488	8	at	at	ADP
ftr-385	488	9	33	33	NUM
ftr-385	488	10	.	.	NOUN
ftr-385	488	11	89	89	NUM
ftr-385	488	12	.	.	PUNCT
ftr-385	489	1	i	i	PRON
ftr-385	489	2	d.	d.	PROPN
ftr-385	489	3	at	at	ADP
ftr-385	489	4	33	33	NUM
ftr-385	489	5	.	.	PUNCT
ftr-385	490	1	90	90	NUM
ftr-385	490	2	.	.	PUNCT
ftr-385	491	1	see	see	VERB
ftr-385	491	2	i	i	PRON
ftr-385	491	3	d.	d.	PROPN
ftr-385	491	4	at	at	ADP
ftr-385	491	5	3	3	NUM
ftr-385	491	6	(	(	PUNCT
ftr-385	491	7	recommending	recommend	VERB
ftr-385	491	8	that	that	SCONJ
ftr-385	491	9	congress	congress	PROPN
ftr-385	491	10	repeal	repeal	NOUN
ftr-385	491	11	§	§	PROPN
ftr-385	491	12	751(b	751(b	PROPN
ftr-385	491	13	)	)	PUNCT
ftr-385	491	14	outright	outright	ADV
ftr-385	491	15	or	or	CCONJ
ftr-385	491	16	revise	revise	VERB
ftr-385	491	17	the	the	DET
ftr-385	491	18	provision	provision	NOUN
ftr-385	491	19	to	to	PART
ftr-385	491	20	function	function	VERB
ftr-385	491	21	as	as	ADP
ftr-385	491	22	an	an	DET
ftr-385	491	23	anti	anti	ADJ
ftr-385	491	24	-	-	ADJ
ftr-385	491	25	abuse	abuse	ADJ
ftr-385	491	26	rule	rule	NOUN
ftr-385	491	27	)	)	PUNCT
ftr-385	491	28	.	.	PUNCT
ftr-385	492	1	91	91	NUM
ftr-385	492	2	.	.	PUNCT
ftr-385	493	1	cf	cf	NOUN
ftr-385	493	2	.	.	PUNCT
ftr-385	494	1	dale	dale	PROPN
ftr-385	494	2	e.	e.	PROPN
ftr-385	494	3	anderson	anderson	PROPN
ftr-385	494	4	&	&	CCONJ
ftr-385	494	5	melvin	melvin	PROPN
ftr-385	494	6	a.	a.	PROPN
ftr-385	494	7	coffee	coffee	PROPN
ftr-385	494	8	,	,	PUNCT
ftr-385	494	9	proposed	propose	VERB
ftr-385	494	10	revision	revision	NOUN
ftr-385	494	11	of	of	ADP
ftr-385	494	12	partner	partner	NOUN
ftr-385	494	13	and	and	CCONJ
ftr-385	494	14	partnership	partnership	NOUN
ftr-385	494	15	taxation	taxation	NOUN
ftr-385	494	16	:	:	PUNCT
ftr-385	494	17	analysis	analysis	NOUN
ftr-385	494	18	of	of	ADP
ftr-385	494	19	the	the	DET
ftr-385	494	20	report	report	NOUN
ftr-385	494	21	of	of	ADP
ftr-385	494	22	the	the	DET
ftr-385	494	23	advisory	advisory	ADJ
ftr-385	494	24	group	group	NOUN
ftr-385	494	25	on	on	ADP
ftr-385	494	26	subchapter	subchapter	NOUN
ftr-385	494	27	k	k	PROPN
ftr-385	494	28	(	(	PUNCT
ftr-385	494	29	pts	pts	PROPN
ftr-385	494	30	.	.	PROPN
ftr-385	494	31	1	1	NUM
ftr-385	494	32	&	&	CCONJ
ftr-385	494	33	2	2	NUM
ftr-385	494	34	)	)	PUNCT
ftr-385	494	35	,	,	PUNCT
ftr-385	494	36	15	15	NUM
ftr-385	494	37	tax	tax	NOUN
ftr-385	494	38	l.	l.	PROPN
ftr-385	494	39	rev	rev	PROPN
ftr-385	494	40	.	.	PROPN
ftr-385	494	41	285	285	NUM
ftr-385	494	42	&	&	CCONJ
ftr-385	494	43	497	497	NUM
ftr-385	494	44	(	(	PUNCT
ftr-385	494	45	1960	1960	NUM
ftr-385	494	46	)	)	PUNCT
ftr-385	494	47	(	(	PUNCT
ftr-385	494	48	“	"	PUNCT
ftr-385	494	49	perhaps	perhaps	ADV
ftr-385	494	50	the	the	DET
ftr-385	494	51	reason	reason	NOUN
ftr-385	494	52	the	the	DET
ftr-385	494	53	legislative	legislative	ADJ
ftr-385	494	54	history	history	NOUN
ftr-385	494	55	sheds	shed	VERB
ftr-385	494	56	no	no	DET
ftr-385	494	57	light	light	NOUN
ftr-385	494	58	on	on	ADP
ftr-385	494	59	the	the	DET
ftr-385	494	60	proportionate	proportionate	ADJ
ftr-385	494	61	share	share	NOUN
ftr-385	494	62	problem	problem	NOUN
ftr-385	494	63	is	be	AUX
ftr-385	494	64	that	that	SCONJ
ftr-385	494	65	congress	congress	PROPN
ftr-385	494	66	did	do	AUX
ftr-385	494	67	not	not	PART
ftr-385	494	68	intend	intend	VERB
ftr-385	494	69	the	the	DET
ftr-385	494	70	collapsible	collapsible	ADJ
ftr-385	494	71	rules	rule	NOUN
ftr-385	494	72	to	to	PART
ftr-385	494	73	apply	apply	VERB
ftr-385	494	74	to	to	ADP
ftr-385	494	75	a	a	DET
ftr-385	494	76	current	current	ADJ
ftr-385	494	77	distribution	distribution	NOUN
ftr-385	494	78	.	.	PUNCT
ftr-385	494	79	”	"	PUNCT
ftr-385	495	1	i	i	PRON
ftr-385	495	2	d.	d.	VERB
ftr-385	495	3	at	at	ADP
ftr-385	495	4	531	531	NUM
ftr-385	495	5	)	)	PUNCT
ftr-385	495	6	.	.	PUNCT
ftr-385	496	1	section	section	PROPN
ftr-385	496	2	751(b	751(b	PROPN
ftr-385	496	3	)	)	PUNCT
ftr-385	496	4	.	.	PUNCT
ftr-385	497	1	thus	thus	ADV
ftr-385	497	2	,	,	PUNCT
ftr-385	497	3	the	the	DET
ftr-385	497	4	treasury	treasury	NOUN
ftr-385	497	5	’s	’s	PART
ftr-385	497	6	interpretation	interpretation	NOUN
ftr-385	497	7	of	of	ADP
ftr-385	497	8	section	section	NOUN
ftr-385	497	9	751(a	751(a	PROPN
ftr-385	497	10	)	)	PUNCT
ftr-385	497	11	may	may	AUX
ftr-385	497	12	need	need	VERB
ftr-385	497	13	to	to	PART
ftr-385	497	14	be	be	AUX
ftr-385	497	15	reevaluated	reevaluate	VERB
ftr-385	497	16	in	in	ADP
ftr-385	497	17	light	light	NOUN
ftr-385	497	18	of	of	ADP
ftr-385	497	19	any	any	DET
ftr-385	497	20	changes	change	NOUN
ftr-385	497	21	to	to	ADP
ftr-385	497	22	the	the	DET
ftr-385	497	23	section	section	NOUN
ftr-385	497	24	751(b	751(b	PROPN
ftr-385	497	25	)	)	PUNCT
ftr-385	497	26	regulations	regulation	NOUN
ftr-385	497	27	.	.	PUNCT
ftr-385	498	1	the	the	DET
ftr-385	498	2	contrary	contrary	ADJ
ftr-385	498	3	view	view	NOUN
ftr-385	498	4	is	be	AUX
ftr-385	498	5	that	that	SCONJ
ftr-385	498	6	reverse	reverse	ADJ
ftr-385	498	7	section	section	NOUN
ftr-385	498	8	704(c	704(c	PROPN
ftr-385	498	9	)	)	PUNCT
ftr-385	498	10	allocations	allocation	NOUN
ftr-385	498	11	should	should	AUX
ftr-385	498	12	override	override	VERB
ftr-385	498	13	application	application	NOUN
ftr-385	498	14	of	of	ADP
ftr-385	498	15	section	section	NOUN
ftr-385	498	16	751(b	751(b	PROPN
ftr-385	498	17	)	)	PUNCT
ftr-385	498	18	even	even	ADV
ftr-385	498	19	though	though	SCONJ
ftr-385	498	20	the	the	DET
ftr-385	498	21	distributee	distributee	NOUN
ftr-385	498	22	’s	’s	PART
ftr-385	498	23	booked	book	VERB
ftr-385	498	24	-	-	PUNCT
ftr-385	498	25	up	up	ADP
ftr-385	498	26	share	share	NOUN
ftr-385	498	27	of	of	ADP
ftr-385	498	28	hot	hot	ADJ
ftr-385	498	29	asset	asset	NOUN
ftr-385	498	30	gain	gain	NOUN
ftr-385	498	31	exceeds	exceed	VERB
ftr-385	498	32	the	the	DET
ftr-385	498	33	distributee	distributee	NOUN
ftr-385	498	34	’s	’s	PART
ftr-385	498	35	post	post	ADJ
ftr-385	498	36	-	-	ADJ
ftr-385	498	37	distribution	distribution	ADJ
ftr-385	498	38	interest	interest	NOUN
ftr-385	498	39	in	in	ADP
ftr-385	498	40	partnership	partnership	NOUN
ftr-385	498	41	capital	capital	NOUN
ftr-385	498	42	.	.	PUNCT
ftr-385	499	1	under	under	ADP
ftr-385	499	2	this	this	DET
ftr-385	499	3	view	view	NOUN
ftr-385	499	4	,	,	PUNCT
ftr-385	499	5	the	the	DET
ftr-385	499	6	section	section	NOUN
ftr-385	499	7	751(a	751(a	NUM
ftr-385	499	8	)	)	PUNCT
ftr-385	499	9	regulations	regulation	NOUN
ftr-385	499	10	provide88	provide88	VERB
ftr-385	499	11	an	an	DET
ftr-385	499	12	adequate	adequate	ADJ
ftr-385	499	13	safeguard	safeguard	NOUN
ftr-385	499	14	to	to	PART
ftr-385	499	15	ensure	ensure	VERB
ftr-385	499	16	that	that	SCONJ
ftr-385	499	17	the	the	DET
ftr-385	499	18	distributee	distributee	NOUN
ftr-385	499	19	can	can	AUX
ftr-385	499	20	not	not	PART
ftr-385	499	21	avoid	avoid	VERB
ftr-385	499	22	booked	book	VERB
ftr-385	499	23	-	-	PUNCT
ftr-385	499	24	up	up	ADP
ftr-385	499	25	ordinary	ordinary	ADJ
ftr-385	499	26	income	income	NOUN
ftr-385	499	27	upon	upon	SCONJ
ftr-385	499	28	a	a	DET
ftr-385	499	29	subsequent	subsequent	ADJ
ftr-385	499	30	sale	sale	NOUN
ftr-385	499	31	of	of	ADP
ftr-385	499	32	the	the	DET
ftr-385	499	33	distributee	distributee	NOUN
ftr-385	499	34	’s	’s	PART
ftr-385	499	35	partnership	partnership	NOUN
ftr-385	499	36	interest	interest	NOUN
ftr-385	499	37	.	.	PUNCT
ftr-385	500	1	to	to	ADP
ftr-385	500	2	the	the	DET
ftr-385	500	3	extent	extent	NOUN
ftr-385	500	4	that	that	SCONJ
ftr-385	500	5	any	any	DET
ftr-385	500	6	uncertainty	uncertainty	NOUN
ftr-385	500	7	exists	exist	VERB
ftr-385	500	8	,	,	PUNCT
ftr-385	500	9	the	the	DET
ftr-385	500	10	treasury	treasury	NOUN
ftr-385	500	11	should	should	AUX
ftr-385	500	12	clarify	clarify	VERB
ftr-385	500	13	the	the	DET
ftr-385	500	14	operation	operation	NOUN
ftr-385	500	15	of	of	ADP
ftr-385	500	16	section	section	NOUN
ftr-385	500	17	751(a	751(a	NUM
ftr-385	500	18	)	)	PUNCT
ftr-385	500	19	or	or	CCONJ
ftr-385	500	20	provide	provide	VERB
ftr-385	500	21	bright	bright	ADJ
ftr-385	500	22	-	-	PUNCT
ftr-385	500	23	line	line	NOUN
ftr-385	500	24	rules	rule	NOUN
ftr-385	500	25	so	so	SCONJ
ftr-385	500	26	that	that	SCONJ
ftr-385	500	27	taxpayers	taxpayer	NOUN
ftr-385	500	28	are	be	AUX
ftr-385	500	29	aware	aware	ADJ
ftr-385	500	30	of	of	ADP
ftr-385	500	31	transactions	transaction	NOUN
ftr-385	500	32	subject	subject	ADJ
ftr-385	500	33	to	to	ADP
ftr-385	500	34	any	any	DET
ftr-385	500	35	special	special	ADJ
ftr-385	500	36	rules	rule	NOUN
ftr-385	500	37	.	.	PUNCT
ftr-385	501	1	such	such	ADJ
ftr-385	501	2	special	special	ADJ
ftr-385	501	3	rules	rule	NOUN
ftr-385	501	4	would	would	AUX
ftr-385	501	5	address	address	VERB
ftr-385	501	6	the	the	DET
ftr-385	501	7	situation	situation	NOUN
ftr-385	501	8	in	in	ADP
ftr-385	501	9	which	which	PRON
ftr-385	501	10	“	"	PUNCT
ftr-385	501	11	a	a	DET
ftr-385	501	12	partner	partner	NOUN
ftr-385	501	13	’s	’s	PART
ftr-385	501	14	reverse	reverse	ADJ
ftr-385	501	15	section	section	NOUN
ftr-385	501	16	704(c	704(c	NOUN
ftr-385	501	17	)	)	PUNCT
ftr-385	501	18	hot	hot	ADJ
ftr-385	501	19	asset	asset	NOUN
ftr-385	501	20	gain	gain	NOUN
ftr-385	501	21	vastly	vastly	ADV
ftr-385	501	22	exceeds	exceed	VERB
ftr-385	501	23	the	the	DET
ftr-385	501	24	partner	partner	NOUN
ftr-385	501	25	’s	’s	PART
ftr-385	501	26	interest	interest	NOUN
ftr-385	501	27	in	in	ADP
ftr-385	501	28	partnership	partnership	NOUN
ftr-385	501	29	capital	capital	NOUN
ftr-385	501	30	”	"	PUNCT
ftr-385	501	31	following	follow	VERB
ftr-385	501	32	a	a	DET
ftr-385	501	33	distribution	distribution	NOUN
ftr-385	501	34	.	.	PUNCT
ftr-385	502	1	under	under	ADP
ftr-385	502	2	this	this	DET
ftr-385	502	3	anti	anti	ADJ
ftr-385	502	4	-	-	ADJ
ftr-385	502	5	abuse	abuse	ADJ
ftr-385	502	6	approach	approach	NOUN
ftr-385	502	7	,	,	PUNCT
ftr-385	502	8	section	section	NOUN
ftr-385	502	9	751(b	751(b	PROPN
ftr-385	502	10	)	)	PUNCT
ftr-385	502	11	would	would	AUX
ftr-385	502	12	seldom	seldom	ADV
ftr-385	502	13	(	(	PUNCT
ftr-385	502	14	if89	if89	PROPN
ftr-385	502	15	ever	ever	ADV
ftr-385	502	16	)	)	PUNCT
ftr-385	502	17	apply	apply	VERB
ftr-385	502	18	to	to	ADP
ftr-385	502	19	a	a	DET
ftr-385	502	20	current	current	ADJ
ftr-385	502	21	distribution	distribution	NOUN
ftr-385	502	22	of	of	ADP
ftr-385	502	23	excess	excess	ADJ
ftr-385	502	24	cold	cold	ADJ
ftr-385	502	25	assets	asset	NOUN
ftr-385	502	26	,	,	PUNCT
ftr-385	502	27	since	since	SCONJ
ftr-385	502	28	even	even	ADV
ftr-385	502	29	a	a	DET
ftr-385	502	30	lowvalue	lowvalue	NOUN
ftr-385	502	31	retained	retain	VERB
ftr-385	502	32	partnership	partnership	NOUN
ftr-385	502	33	interest	interest	NOUN
ftr-385	502	34	would	would	AUX
ftr-385	502	35	generally	generally	ADV
ftr-385	502	36	suffice	suffice	VERB
ftr-385	502	37	to	to	PART
ftr-385	502	38	preserve	preserve	VERB
ftr-385	502	39	the	the	DET
ftr-385	502	40	distributee	distributee	NOUN
ftr-385	502	41	’s	’s	PART
ftr-385	502	42	booked	book	VERB
ftr-385	502	43	-	-	PUNCT
ftr-385	502	44	up	up	ADP
ftr-385	502	45	share	share	NOUN
ftr-385	502	46	of	of	ADP
ftr-385	502	47	hot	hot	ADJ
ftr-385	502	48	asset	asset	NOUN
ftr-385	502	49	gain	gain	NOUN
ftr-385	502	50	.	.	PUNCT
ftr-385	503	1	90	90	NUM
ftr-385	503	2	the	the	DET
ftr-385	503	3	treasury	treasury	NOUN
ftr-385	503	4	should	should	AUX
ftr-385	503	5	reject	reject	VERB
ftr-385	503	6	such	such	DET
ftr-385	503	7	an	an	DET
ftr-385	503	8	anti	anti	ADJ
ftr-385	503	9	-	-	ADJ
ftr-385	503	10	abuse	abuse	ADJ
ftr-385	503	11	approach	approach	NOUN
ftr-385	503	12	as	as	ADP
ftr-385	503	13	fundamentally	fundamentally	ADV
ftr-385	503	14	inconsistent	inconsistent	ADJ
ftr-385	503	15	with	with	ADP
ftr-385	503	16	the	the	DET
ftr-385	503	17	language	language	NOUN
ftr-385	503	18	and	and	CCONJ
ftr-385	503	19	purpose	purpose	NOUN
ftr-385	503	20	of	of	ADP
ftr-385	503	21	section	section	NOUN
ftr-385	503	22	751(b	751(b	PROPN
ftr-385	503	23	)	)	PUNCT
ftr-385	503	24	.	.	PUNCT
ftr-385	504	1	despite	despite	SCONJ
ftr-385	504	2	early	early	ADJ
ftr-385	504	3	concerns	concern	NOUN
ftr-385	504	4	about	about	ADP
ftr-385	504	5	the	the	DET
ftr-385	504	6	application	application	NOUN
ftr-385	504	7	of	of	ADP
ftr-385	504	8	section	section	NOUN
ftr-385	504	9	751(b	751(b	PROPN
ftr-385	504	10	)	)	PUNCT
ftr-385	504	11	in	in	ADP
ftr-385	504	12	a	a	DET
ftr-385	504	13	nonliquidating	nonliquidate	VERB
ftr-385	504	14	situation	situation	NOUN
ftr-385	504	15	,	,	PUNCT
ftr-385	504	16	it	it	PRON
ftr-385	504	17	has	have	AUX
ftr-385	504	18	been	be	AUX
ftr-385	504	19	well	well	ADV
ftr-385	504	20	accepted	accept	VERB
ftr-385	504	21	for	for	ADP
ftr-385	504	22	half	half	DET
ftr-385	504	23	a	a	DET
ftr-385	504	24	century	century	NOUN
ftr-385	504	25	that	that	SCONJ
ftr-385	504	26	the	the	DET
ftr-385	504	27	provision	provision	NOUN
ftr-385	504	28	applies	apply	VERB
ftr-385	504	29	to	to	PART
ftr-385	504	30	current	current	VERB
ftr-385	504	31	as	as	ADV
ftr-385	504	32	well	well	ADV
ftr-385	504	33	as	as	ADP
ftr-385	504	34	liquidating	liquidating	NOUN
ftr-385	504	35	distributions	distribution	NOUN
ftr-385	504	36	.	.	PUNCT
ftr-385	505	1	moreover,91	moreover,91	X
ftr-385	505	2	there	there	PRON
ftr-385	505	3	are	be	VERB
ftr-385	505	4	important	important	ADJ
ftr-385	505	5	policy	policy	NOUN
ftr-385	505	6	reasons	reason	NOUN
ftr-385	505	7	why	why	SCONJ
ftr-385	505	8	section	section	NOUN
ftr-385	505	9	751(b	751(b	PROPN
ftr-385	505	10	)	)	PUNCT
ftr-385	505	11	should	should	AUX
ftr-385	505	12	apply	apply	VERB
ftr-385	505	13	when	when	SCONJ
ftr-385	505	14	the	the	DET
ftr-385	505	15	distributee	distributee	NOUN
ftr-385	505	16	’s	’s	PART
ftr-385	505	17	retained	retain	VERB
ftr-385	505	18	interest	interest	NOUN
ftr-385	505	19	in	in	ADP
ftr-385	505	20	partnership	partnership	NOUN
ftr-385	505	21	capital	capital	NOUN
ftr-385	505	22	is	be	AUX
ftr-385	505	23	no	no	ADV
ftr-385	505	24	longer	long	ADV
ftr-385	505	25	consistent	consistent	ADJ
ftr-385	505	26	with	with	ADP
ftr-385	505	27	the	the	DET
ftr-385	505	28	economic	economic	ADJ
ftr-385	505	29	assumptions	assumption	NOUN
ftr-385	505	30	underlying	underlie	VERB
ftr-385	505	31	the	the	DET
ftr-385	505	32	booked	book	VERB
ftr-385	505	33	-	-	PUNCT
ftr-385	505	34	up	up	ADP
ftr-385	505	35	hot	hot	ADJ
ftr-385	505	36	asset	asset	NOUN
ftr-385	505	37	gain	gain	NOUN
ftr-385	505	38	allocable	allocable	ADJ
ftr-385	505	39	to	to	ADP
ftr-385	505	40	the	the	DET
ftr-385	505	41	distributee	distributee	NOUN
ftr-385	505	42	.	.	PUNCT
ftr-385	506	1	given	give	VERB
ftr-385	506	2	the	the	DET
ftr-385	506	3	myriad	myriad	ADJ
ftr-385	506	4	ways	way	NOUN
ftr-385	506	5	in	in	ADP
ftr-385	506	6	which	which	PRON
ftr-385	506	7	such	such	ADJ
ftr-385	506	8	excess	excess	ADJ
ftr-385	506	9	built	build	VERB
ftr-385	506	10	-	-	PUNCT
ftr-385	506	11	in	in	ADP
ftr-385	506	12	ordinary	ordinary	ADJ
ftr-385	506	13	income	income	NOUN
ftr-385	506	14	may	may	AUX
ftr-385	506	15	disappear	disappear	VERB
ftr-385	506	16	on	on	ADP
ftr-385	506	17	a	a	DET
ftr-385	506	18	subsequent	subsequent	ADJ
ftr-385	506	19	nonrecognition	nonrecognition	NOUN
ftr-385	506	20	transfer	transfer	NOUN
ftr-385	506	21	,	,	PUNCT
ftr-385	506	22	the	the	DET
ftr-385	506	23	potential	potential	NOUN
ftr-385	506	24	for	for	ADP
ftr-385	506	25	tax	tax	NOUN
ftr-385	506	26	-	-	PUNCT
ftr-385	506	27	avoidance	avoidance	NOUN
ftr-385	506	28	is	be	AUX
ftr-385	506	29	quite	quite	ADV
ftr-385	506	30	high	high	ADJ
ftr-385	506	31	.	.	PUNCT
ftr-385	507	1	for	for	ADP
ftr-385	507	2	example	example	NOUN
ftr-385	507	3	,	,	PUNCT
ftr-385	507	4	the	the	DET
ftr-385	507	5	distributee	distributee	NOUN
ftr-385	507	6	may	may	AUX
ftr-385	507	7	transfer	transfer	VERB
ftr-385	507	8	the	the	DET
ftr-385	507	9	low	low	ADJ
ftr-385	507	10	-	-	PUNCT
ftr-385	507	11	value	value	NOUN
ftr-385	507	12	retained	retain	VERB
ftr-385	507	13	partnership	partnership	NOUN
ftr-385	507	14	interest	interest	NOUN
ftr-385	507	15	to	to	ADP
ftr-385	507	16	a	a	DET
ftr-385	507	17	controlled	control	VERB
ftr-385	507	18	corporation	corporation	NOUN
ftr-385	507	19	,	,	PUNCT
ftr-385	507	20	thereby	thereby	ADV
ftr-385	507	21	deflecting	deflect	VERB
ftr-385	507	22	ordinary	ordinary	ADJ
ftr-385	507	23	income	income	NOUN
ftr-385	507	24	while	while	SCONJ
ftr-385	507	25	relinquishing	relinquish	VERB
ftr-385	507	26	property	property	NOUN
ftr-385	507	27	of	of	ADP
ftr-385	507	28	negligible	negligible	ADJ
ftr-385	507	29	value	value	NOUN
ftr-385	507	30	.	.	PUNCT
ftr-385	508	1	since	since	SCONJ
ftr-385	508	2	current	current	ADJ
ftr-385	508	3	distributions	distribution	NOUN
ftr-385	508	4	are	be	AUX
ftr-385	508	5	defined	define	VERB
ftr-385	508	6	expansively	expansively	ADV
ftr-385	508	7	as	as	ADP
ftr-385	508	8	any	any	DET
ftr-385	508	9	distribution	distribution	NOUN
ftr-385	508	10	that	that	PRON
ftr-385	508	11	does	do	VERB
ftr-385	508	12	2007	2007	NUM
ftr-385	508	13	]	]	PUNCT
ftr-385	508	14	taxing	tax	VERB
ftr-385	508	15	hot	hot	ADJ
ftr-385	508	16	asset	asset	NOUN
ftr-385	508	17	shifts	shift	NOUN
ftr-385	508	18	353	353	NUM
ftr-385	508	19	92	92	NUM
ftr-385	508	20	.	.	PUNCT
ftr-385	509	1	cf	cf	NOUN
ftr-385	509	2	.	.	PUNCT
ftr-385	510	1	nysba	nysba	PROPN
ftr-385	510	2	report	report	PROPN
ftr-385	510	3	,	,	PUNCT
ftr-385	510	4	supra	supra	PROPN
ftr-385	510	5	note	note	NOUN
ftr-385	510	6	2	2	NUM
ftr-385	510	7	,	,	PUNCT
ftr-385	510	8	at	at	ADP
ftr-385	510	9	32	32	NUM
ftr-385	510	10	(	(	PUNCT
ftr-385	510	11	suggesting	suggest	VERB
ftr-385	510	12	that	that	SCONJ
ftr-385	510	13	congress	congress	PROPN
ftr-385	510	14	in	in	ADP
ftr-385	510	15	1954	1954	NUM
ftr-385	510	16	was	be	AUX
ftr-385	510	17	not	not	PART
ftr-385	510	18	concerned	concerned	ADJ
ftr-385	510	19	about	about	ADP
ftr-385	510	20	deferral	deferral	ADJ
ftr-385	510	21	of	of	ADP
ftr-385	510	22	hot	hot	ADJ
ftr-385	510	23	asset	asset	NOUN
ftr-385	510	24	gain	gain	NOUN
ftr-385	510	25	)	)	PUNCT
ftr-385	510	26	.	.	PUNCT
ftr-385	511	1	93	93	NUM
ftr-385	511	2	.	.	PUNCT
ftr-385	512	1	see	see	VERB
ftr-385	512	2	christopher	christopher	PROPN
ftr-385	512	3	h.	h.	PROPN
ftr-385	512	4	hanna	hanna	PROPN
ftr-385	512	5	,	,	PUNCT
ftr-385	512	6	partnership	partnership	NOUN
ftr-385	512	7	distributions	distribution	NOUN
ftr-385	512	8	:	:	PUNCT
ftr-385	512	9	whatever	whatever	PRON
ftr-385	512	10	happened	happen	VERB
ftr-385	512	11	to	to	ADP
ftr-385	512	12	nonrecognition	nonrecognition	NOUN
ftr-385	512	13	?	?	PUNCT
ftr-385	512	14	,	,	PUNCT
ftr-385	512	15	82	82	NUM
ftr-385	512	16	ky	ky	PROPN
ftr-385	512	17	.	.	PUNCT
ftr-385	513	1	l.j	l.j	PROPN
ftr-385	513	2	.	.	PROPN
ftr-385	513	3	465	465	NUM
ftr-385	513	4	(	(	PUNCT
ftr-385	513	5	1993	1993	NUM
ftr-385	513	6	-	-	SYM
ftr-385	513	7	94	94	NUM
ftr-385	513	8	)	)	PUNCT
ftr-385	513	9	(	(	PUNCT
ftr-385	513	10	comparing	compare	VERB
ftr-385	513	11	the	the	DET
ftr-385	513	12	scope	scope	NOUN
ftr-385	513	13	of	of	ADP
ftr-385	513	14	nonrecognition	nonrecognition	NOUN
ftr-385	513	15	under	under	ADP
ftr-385	513	16	the	the	DET
ftr-385	513	17	1954	1954	NUM
ftr-385	513	18	provisions	provision	NOUN
ftr-385	513	19	and	and	CCONJ
ftr-385	513	20	current	current	ADJ
ftr-385	513	21	law	law	NOUN
ftr-385	513	22	)	)	PUNCT
ftr-385	513	23	.	.	PUNCT
ftr-385	514	1	94	94	X
ftr-385	514	2	.	.	PUNCT
ftr-385	515	1	h.r	h.r	PROPN
ftr-385	515	2	.	.	PROPN
ftr-385	515	3	8300	8300	NUM
ftr-385	515	4	,	,	PUNCT
ftr-385	515	5	83d	83d	NUM
ftr-385	515	6	cong	cong	NOUN
ftr-385	515	7	.	.	PROPN
ftr-385	515	8	,	,	PUNCT
ftr-385	516	1	2d	2d	NUM
ftr-385	516	2	sess	sess	NOUN
ftr-385	516	3	.	.	PUNCT
ftr-385	517	1	§	§	PROPN
ftr-385	517	2	751(b	751(b	PROPN
ftr-385	517	3	)	)	PUNCT
ftr-385	517	4	(	(	PUNCT
ftr-385	517	5	1954	1954	NUM
ftr-385	517	6	)	)	PUNCT
ftr-385	517	7	(	(	PUNCT
ftr-385	517	8	as	as	SCONJ
ftr-385	517	9	amended	amend	VERB
ftr-385	517	10	by	by	ADP
ftr-385	517	11	the	the	DET
ftr-385	517	12	senate	senate	PROPN
ftr-385	517	13	)	)	PUNCT
ftr-385	517	14	.	.	PUNCT
ftr-385	518	1	95	95	NUM
ftr-385	518	2	.	.	PUNCT
ftr-385	519	1	see	see	VERB
ftr-385	519	2	h.r	h.r	PROPN
ftr-385	519	3	.	.	PROPN
ftr-385	519	4	conf	conf	PROPN
ftr-385	519	5	.	.	PUNCT
ftr-385	520	1	rep	rep	PROPN
ftr-385	520	2	.	.	PROPN
ftr-385	520	3	no	no	NOUN
ftr-385	520	4	.	.	NOUN
ftr-385	520	5	2543	2543	NUM
ftr-385	520	6	,	,	PUNCT
ftr-385	520	7	83d	83d	X
ftr-385	520	8	cong	cong	NOUN
ftr-385	520	9	.	.	PROPN
ftr-385	520	10	,	,	PUNCT
ftr-385	520	11	2d	2d	PROPN
ftr-385	520	12	sess	sess	NOUN
ftr-385	520	13	.	.	PUNCT
ftr-385	521	1	65	65	NUM
ftr-385	521	2	(	(	PUNCT
ftr-385	521	3	1954	1954	NUM
ftr-385	521	4	)	)	PUNCT
ftr-385	521	5	.	.	PUNCT
ftr-385	522	1	since	since	SCONJ
ftr-385	522	2	hot	hot	ADJ
ftr-385	522	3	asset	asset	NOUN
ftr-385	522	4	gain	gain	NOUN
ftr-385	522	5	is	be	AUX
ftr-385	522	6	simply	simply	ADV
ftr-385	522	7	the	the	DET
ftr-385	522	8	spread	spread	NOUN
ftr-385	522	9	between	between	ADP
ftr-385	522	10	basis	basis	NOUN
ftr-385	522	11	and	and	CCONJ
ftr-385	522	12	value	value	NOUN
ftr-385	522	13	,	,	PUNCT
ftr-385	522	14	both	both	CCONJ
ftr-385	522	15	basis	basis	NOUN
ftr-385	522	16	and	and	CCONJ
ftr-385	522	17	value	value	NOUN
ftr-385	522	18	should	should	AUX
ftr-385	522	19	remain	remain	VERB
ftr-385	522	20	relevant	relevant	ADJ
ftr-385	522	21	in	in	ADP
ftr-385	522	22	applying	apply	VERB
ftr-385	522	23	§	§	PROPN
ftr-385	522	24	751(b	751(b	PROPN
ftr-385	522	25	)	)	PUNCT
ftr-385	522	26	.	.	PUNCT
ftr-385	523	1	see	see	PROPN
ftr-385	523	2	andrews	andrews	PROPN
ftr-385	523	3	,	,	PUNCT
ftr-385	523	4	supra	supra	PROPN
ftr-385	523	5	note5	note5	PROPN
ftr-385	523	6	,	,	PUNCT
ftr-385	523	7	at	at	ADP
ftr-385	523	8	75	75	NUM
ftr-385	523	9	(	(	PUNCT
ftr-385	523	10	“	"	PUNCT
ftr-385	523	11	as	as	ADP
ftr-385	523	12	in	in	ADP
ftr-385	523	13	the	the	DET
ftr-385	523	14	treatment	treatment	NOUN
ftr-385	523	15	of	of	ADP
ftr-385	523	16	§	§	PROPN
ftr-385	523	17	751(b	751(b	PROPN
ftr-385	523	18	)	)	PUNCT
ftr-385	523	19	,	,	PUNCT
ftr-385	523	20	the	the	DET
ftr-385	523	21	final	final	ADJ
ftr-385	523	22	key	key	NOUN
ftr-385	523	23	is	be	AUX
ftr-385	523	24	to	to	PART
ftr-385	523	25	focus	focus	VERB
ftr-385	523	26	primarily	primarily	ADV
ftr-385	523	27	neither	neither	CCONJ
ftr-385	523	28	on	on	ADP
ftr-385	523	29	basis	basis	NOUN
ftr-385	523	30	nor	nor	CCONJ
ftr-385	523	31	on	on	ADP
ftr-385	523	32	value	value	NOUN
ftr-385	523	33	,	,	PUNCT
ftr-385	523	34	but	but	CCONJ
ftr-385	523	35	on	on	ADP
ftr-385	523	36	the	the	DET
ftr-385	523	37	spread	spread	NOUN
ftr-385	523	38	between	between	ADP
ftr-385	523	39	the	the	DET
ftr-385	523	40	two	two	NUM
ftr-385	523	41	or	or	CCONJ
ftr-385	523	42	unrealized	unrealized	ADJ
ftr-385	523	43	gain	gain	NOUN
ftr-385	523	44	.	.	PUNCT
ftr-385	523	45	”	"	PUNCT
ftr-385	523	46	)	)	PUNCT
ftr-385	523	47	.	.	PUNCT
ftr-385	524	1	96	96	X
ftr-385	524	2	.	.	PUNCT
ftr-385	525	1	indeed	indeed	ADV
ftr-385	525	2	,	,	PUNCT
ftr-385	525	3	the	the	DET
ftr-385	525	4	distributee	distributee	NOUN
ftr-385	525	5	might	might	AUX
ftr-385	525	6	be	be	AUX
ftr-385	525	7	required	require	VERB
ftr-385	525	8	to	to	PART
ftr-385	525	9	retain	retain	VERB
ftr-385	525	10	an	an	DET
ftr-385	525	11	interest	interest	NOUN
ftr-385	525	12	in	in	ADP
ftr-385	525	13	partnership	partnership	NOUN
ftr-385	525	14	capital	capital	NOUN
ftr-385	525	15	in	in	ADP
ftr-385	525	16	excess	excess	NOUN
ftr-385	525	17	of	of	ADP
ftr-385	525	18	this	this	DET
ftr-385	525	19	minimum	minimum	ADJ
ftr-385	525	20	amount	amount	NOUN
ftr-385	525	21	.	.	PUNCT
ftr-385	526	1	see	see	VERB
ftr-385	526	2	andrews	andrews	PROPN
ftr-385	526	3	comments	comments	PROPN
ftr-385	526	4	,	,	PUNCT
ftr-385	526	5	supra	supra	PROPN
ftr-385	526	6	note	note	NOUN
ftr-385	526	7	2	2	NUM
ftr-385	526	8	(	(	PUNCT
ftr-385	526	9	suggesting	suggest	VERB
ftr-385	526	10	that	that	SCONJ
ftr-385	526	11	some	some	DET
ftr-385	526	12	“	"	PUNCT
ftr-385	526	13	considerable	considerable	ADJ
ftr-385	526	14	cushion	cushion	NOUN
ftr-385	526	15	”	"	PUNCT
ftr-385	526	16	in	in	ADP
ftr-385	526	17	excess	excess	NOUN
ftr-385	526	18	of	of	ADP
ftr-385	526	19	the	the	DET
ftr-385	526	20	distributee	distributee	NOUN
ftr-385	526	21	’s	’s	PART
ftr-385	526	22	share	share	NOUN
ftr-385	526	23	of	of	ADP
ftr-385	526	24	not	not	PART
ftr-385	526	25	terminate	terminate	VERB
ftr-385	526	26	a	a	DET
ftr-385	526	27	partner	partner	NOUN
ftr-385	526	28	’s	’s	PART
ftr-385	526	29	interest	interest	NOUN
ftr-385	526	30	(	(	PUNCT
ftr-385	526	31	or	or	CCONJ
ftr-385	526	32	the	the	DET
ftr-385	526	33	partnership	partnership	NOUN
ftr-385	526	34	)	)	PUNCT
ftr-385	526	35	,	,	PUNCT
ftr-385	526	36	section	section	NOUN
ftr-385	526	37	751(b	751(b	PROPN
ftr-385	526	38	)	)	PUNCT
ftr-385	526	39	is	be	AUX
ftr-385	526	40	necessary	necessary	ADJ
ftr-385	526	41	to	to	PART
ftr-385	526	42	limit	limit	VERB
ftr-385	526	43	deferral	deferral	ADV
ftr-385	526	44	of	of	ADP
ftr-385	526	45	gain	gain	NOUN
ftr-385	526	46	when	when	SCONJ
ftr-385	526	47	a	a	DET
ftr-385	526	48	partner	partner	NOUN
ftr-385	526	49	’s	’s	PART
ftr-385	526	50	interest	interest	NOUN
ftr-385	526	51	is	be	AUX
ftr-385	526	52	partially	partially	ADV
ftr-385	526	53	liquidated	liquidate	VERB
ftr-385	526	54	.	.	PUNCT
ftr-385	527	1	recently	recently	ADV
ftr-385	527	2	,	,	PUNCT
ftr-385	527	3	subchapter	subchapter	PROPN
ftr-385	527	4	k	k	PROPN
ftr-385	527	5	has	have	AUX
ftr-385	527	6	moved	move	VERB
ftr-385	527	7	further	far	ADV
ftr-385	527	8	in	in	ADP
ftr-385	527	9	the	the	DET
ftr-385	527	10	direction	direction	NOUN
ftr-385	527	11	of92	of92	PROPN
ftr-385	527	12	limiting	limit	VERB
ftr-385	527	13	the	the	DET
ftr-385	527	14	scope	scope	NOUN
ftr-385	527	15	of	of	ADP
ftr-385	527	16	the	the	DET
ftr-385	527	17	nonrecognition	nonrecognition	NOUN
ftr-385	527	18	rules.93	rules.93	PROPN
ftr-385	527	19	while	while	SCONJ
ftr-385	527	20	the	the	DET
ftr-385	527	21	treasury	treasury	NOUN
ftr-385	527	22	clearly	clearly	ADV
ftr-385	527	23	has	have	VERB
ftr-385	527	24	authority	authority	NOUN
ftr-385	527	25	to	to	PART
ftr-385	527	26	update	update	VERB
ftr-385	527	27	the	the	DET
ftr-385	527	28	section	section	NOUN
ftr-385	527	29	751(b	751(b	PROPN
ftr-385	527	30	)	)	PUNCT
ftr-385	527	31	regulations	regulation	NOUN
ftr-385	527	32	to	to	PART
ftr-385	527	33	reflect	reflect	VERB
ftr-385	527	34	revaluations	revaluation	NOUN
ftr-385	527	35	and	and	CCONJ
ftr-385	527	36	section	section	NOUN
ftr-385	527	37	704(c	704(c	PROPN
ftr-385	527	38	)	)	PUNCT
ftr-385	527	39	allocations	allocation	NOUN
ftr-385	527	40	,	,	PUNCT
ftr-385	527	41	it	it	PRON
ftr-385	527	42	does	do	AUX
ftr-385	527	43	not	not	PART
ftr-385	527	44	have	have	VERB
ftr-385	527	45	carte	carte	NOUN
ftr-385	527	46	blanche	blanche	NOUN
ftr-385	527	47	to	to	PART
ftr-385	527	48	rewrite	rewrite	VERB
ftr-385	527	49	the	the	DET
ftr-385	527	50	existing	exist	VERB
ftr-385	527	51	statute	statute	NOUN
ftr-385	527	52	.	.	PUNCT
ftr-385	528	1	the	the	DET
ftr-385	528	2	principle	principle	ADJ
ftr-385	528	3	underlying	underlie	VERB
ftr-385	528	4	section	section	NOUN
ftr-385	528	5	751(b	751(b	PROPN
ftr-385	528	6	)	)	PUNCT
ftr-385	528	7	is	be	AUX
ftr-385	528	8	that	that	SCONJ
ftr-385	528	9	a	a	DET
ftr-385	528	10	distribution	distribution	NOUN
ftr-385	528	11	in	in	ADP
ftr-385	528	12	partial	partial	ADJ
ftr-385	528	13	liquidation	liquidation	NOUN
ftr-385	528	14	of	of	ADP
ftr-385	528	15	the	the	DET
ftr-385	528	16	distributee	distributee	NOUN
ftr-385	528	17	’s	’s	PART
ftr-385	528	18	interest	interest	NOUN
ftr-385	528	19	is	be	AUX
ftr-385	528	20	essentially	essentially	ADV
ftr-385	528	21	an	an	DET
ftr-385	528	22	exchange	exchange	NOUN
ftr-385	528	23	of	of	ADP
ftr-385	528	24	the	the	DET
ftr-385	528	25	continuing	continue	VERB
ftr-385	528	26	partners	partner	NOUN
ftr-385	528	27	’	’	PART
ftr-385	528	28	interests	interest	NOUN
ftr-385	528	29	in	in	ADP
ftr-385	528	30	the	the	DET
ftr-385	528	31	distributed	distribute	VERB
ftr-385	528	32	property	property	NOUN
ftr-385	528	33	for	for	ADP
ftr-385	528	34	the	the	DET
ftr-385	528	35	distributee	distributee	NOUN
ftr-385	528	36	’s	’s	PART
ftr-385	528	37	interest	interest	NOUN
ftr-385	528	38	in	in	ADP
ftr-385	528	39	the	the	DET
ftr-385	528	40	remaining	remain	VERB
ftr-385	528	41	partnership	partnership	NOUN
ftr-385	528	42	property	property	NOUN
ftr-385	528	43	.	.	PUNCT
ftr-385	529	1	because	because	SCONJ
ftr-385	529	2	the	the	DET
ftr-385	529	3	language	language	NOUN
ftr-385	529	4	of	of	ADP
ftr-385	529	5	section	section	NOUN
ftr-385	529	6	751(b	751(b	PROPN
ftr-385	529	7	)	)	PUNCT
ftr-385	529	8	focuses	focus	VERB
ftr-385	529	9	on	on	ADP
ftr-385	529	10	an	an	DET
ftr-385	529	11	increase	increase	NOUN
ftr-385	529	12	or	or	CCONJ
ftr-385	529	13	decrease	decrease	NOUN
ftr-385	529	14	in	in	ADP
ftr-385	529	15	a	a	DET
ftr-385	529	16	partner	partner	NOUN
ftr-385	529	17	’s	’s	PART
ftr-385	529	18	proportionate	proportionate	ADJ
ftr-385	529	19	share	share	NOUN
ftr-385	529	20	of	of	ADP
ftr-385	529	21	hot	hot	ADJ
ftr-385	529	22	or	or	CCONJ
ftr-385	529	23	cold	cold	ADJ
ftr-385	529	24	assets	asset	NOUN
ftr-385	529	25	,	,	PUNCT
ftr-385	529	26	the	the	DET
ftr-385	529	27	hot	hot	ADJ
ftr-385	529	28	asset	asset	NOUN
ftr-385	529	29	sale	sale	NOUN
ftr-385	529	30	approach	approach	NOUN
ftr-385	529	31	can	can	AUX
ftr-385	529	32	not	not	PART
ftr-385	529	33	entirely	entirely	ADV
ftr-385	529	34	ignore	ignore	VERB
ftr-385	529	35	a	a	DET
ftr-385	529	36	reduction	reduction	NOUN
ftr-385	529	37	in	in	ADP
ftr-385	529	38	the	the	DET
ftr-385	529	39	distributee	distributee	NOUN
ftr-385	529	40	’s	’s	PART
ftr-385	529	41	interest	interest	NOUN
ftr-385	529	42	in	in	ADP
ftr-385	529	43	partnership	partnership	NOUN
ftr-385	529	44	capital	capital	NOUN
ftr-385	529	45	,	,	PUNCT
ftr-385	529	46	even	even	ADV
ftr-385	529	47	if	if	SCONJ
ftr-385	529	48	the	the	DET
ftr-385	529	49	goal	goal	NOUN
ftr-385	529	50	is	be	AUX
ftr-385	529	51	to	to	PART
ftr-385	529	52	minimize	minimize	VERB
ftr-385	529	53	gain	gain	VERB
ftr-385	529	54	recognition	recognition	NOUN
ftr-385	529	55	.	.	PUNCT
ftr-385	530	1	indeed	indeed	ADV
ftr-385	530	2	,	,	PUNCT
ftr-385	530	3	under	under	ADP
ftr-385	530	4	the	the	DET
ftr-385	530	5	language	language	NOUN
ftr-385	530	6	of	of	ADP
ftr-385	530	7	the	the	DET
ftr-385	530	8	1954	1954	NUM
ftr-385	530	9	senate	senate	PROPN
ftr-385	530	10	bill	bill	NOUN
ftr-385	530	11	,	,	PUNCT
ftr-385	530	12	section	section	NOUN
ftr-385	530	13	751(b	751(b	PROPN
ftr-385	530	14	)	)	PUNCT
ftr-385	530	15	was	be	AUX
ftr-385	530	16	triggered	trigger	VERB
ftr-385	530	17	whenever	whenever	SCONJ
ftr-385	530	18	a	a	DET
ftr-385	530	19	distributee	distributee	NOUN
ftr-385	530	20	received	receive	VERB
ftr-385	530	21	“	"	PUNCT
ftr-385	530	22	more	more	ADJ
ftr-385	530	23	than	than	ADP
ftr-385	530	24	his	his	PRON
ftr-385	530	25	proportionate	proportionate	ADJ
ftr-385	530	26	share	share	NOUN
ftr-385	530	27	of	of	ADP
ftr-385	530	28	the	the	DET
ftr-385	530	29	value	value	NOUN
ftr-385	530	30	”	"	PUNCT
ftr-385	530	31	of	of	ADP
ftr-385	530	32	either	either	CCONJ
ftr-385	530	33	hot	hot	ADJ
ftr-385	530	34	or	or	CCONJ
ftr-385	530	35	cold	cold	ADJ
ftr-385	530	36	assets	asset	NOUN
ftr-385	530	37	.	.	PUNCT
ftr-385	531	1	thus	thus	ADV
ftr-385	531	2	,	,	PUNCT
ftr-385	531	3	the	the	DET
ftr-385	531	4	senate	senate	PROPN
ftr-385	531	5	bill	bill	PROPN
ftr-385	531	6	introduced	introduce	VERB
ftr-385	531	7	the94	the94	ADJ
ftr-385	531	8	concept	concept	NOUN
ftr-385	531	9	of	of	ADP
ftr-385	531	10	shifts	shift	NOUN
ftr-385	531	11	in	in	ADP
ftr-385	531	12	a	a	DET
ftr-385	531	13	partner	partner	NOUN
ftr-385	531	14	’s	’s	PART
ftr-385	531	15	proportionate	proportionate	ADJ
ftr-385	531	16	share	share	NOUN
ftr-385	531	17	of	of	ADP
ftr-385	531	18	hot	hot	ADJ
ftr-385	531	19	or	or	CCONJ
ftr-385	531	20	cold	cold	ADJ
ftr-385	531	21	assets	asset	NOUN
ftr-385	531	22	measured	measure	VERB
ftr-385	531	23	by	by	ADP
ftr-385	531	24	the	the	DET
ftr-385	531	25	value	value	NOUN
ftr-385	531	26	of	of	ADP
ftr-385	531	27	such	such	ADJ
ftr-385	531	28	assets	asset	NOUN
ftr-385	531	29	.	.	PUNCT
ftr-385	532	1	while	while	SCONJ
ftr-385	532	2	the	the	DET
ftr-385	532	3	conference	conference	NOUN
ftr-385	532	4	committee	committee	NOUN
ftr-385	532	5	’s	’s	PART
ftr-385	532	6	revised	revise	VERB
ftr-385	532	7	statutory	statutory	ADJ
ftr-385	532	8	language	language	NOUN
ftr-385	532	9	deleted	delete	VERB
ftr-385	532	10	the	the	DET
ftr-385	532	11	reference	reference	NOUN
ftr-385	532	12	to	to	ADP
ftr-385	532	13	value	value	NOUN
ftr-385	532	14	,	,	PUNCT
ftr-385	532	15	this	this	DET
ftr-385	532	16	change	change	NOUN
ftr-385	532	17	was	be	AUX
ftr-385	532	18	not	not	PART
ftr-385	532	19	intended	intend	VERB
ftr-385	532	20	to	to	PART
ftr-385	532	21	eliminate	eliminate	VERB
ftr-385	532	22	the	the	DET
ftr-385	532	23	proportionate	proportionate	ADJ
ftr-385	532	24	share	share	NOUN
ftr-385	532	25	concept	concept	NOUN
ftr-385	532	26	.	.	PUNCT
ftr-385	533	1	95	95	NUM
ftr-385	533	2	consistent	consistent	ADJ
ftr-385	533	3	with	with	ADP
ftr-385	533	4	the	the	DET
ftr-385	533	5	statutory	statutory	ADJ
ftr-385	533	6	language	language	NOUN
ftr-385	533	7	and	and	CCONJ
ftr-385	533	8	purpose	purpose	NOUN
ftr-385	533	9	,	,	PUNCT
ftr-385	533	10	section	section	NOUN
ftr-385	533	11	751(b	751(b	PROPN
ftr-385	533	12	)	)	PUNCT
ftr-385	533	13	should	should	AUX
ftr-385	533	14	apply	apply	VERB
ftr-385	533	15	when	when	SCONJ
ftr-385	533	16	the	the	DET
ftr-385	533	17	distributee	distributee	NOUN
ftr-385	533	18	’s	’s	PART
ftr-385	533	19	interest	interest	NOUN
ftr-385	533	20	in	in	ADP
ftr-385	533	21	partnership	partnership	NOUN
ftr-385	533	22	capital	capital	NOUN
ftr-385	533	23	is	be	AUX
ftr-385	533	24	no	no	ADV
ftr-385	533	25	longer	long	ADV
ftr-385	533	26	sufficient	sufficient	ADJ
ftr-385	533	27	to	to	PART
ftr-385	533	28	support	support	VERB
ftr-385	533	29	the	the	DET
ftr-385	533	30	distributee	distributee	NOUN
ftr-385	533	31	’s	’s	PART
ftr-385	533	32	booked	book	VERB
ftr-385	533	33	-	-	PUNCT
ftr-385	533	34	up	up	ADP
ftr-385	533	35	share	share	NOUN
ftr-385	533	36	of	of	ADP
ftr-385	533	37	hot	hot	ADJ
ftr-385	533	38	asset	asset	NOUN
ftr-385	533	39	gain	gain	NOUN
ftr-385	533	40	.	.	PUNCT
ftr-385	534	1	to	to	PART
ftr-385	534	2	avoid	avoid	VERB
ftr-385	534	3	triggering	trigger	VERB
ftr-385	534	4	section	section	NOUN
ftr-385	534	5	751(b	751(b	PROPN
ftr-385	534	6	)	)	PUNCT
ftr-385	534	7	,	,	PUNCT
ftr-385	534	8	the	the	DET
ftr-385	534	9	distributee	distributee	NOUN
ftr-385	534	10	’s	’s	PART
ftr-385	534	11	post	post	ADJ
ftr-385	534	12	-	-	ADJ
ftr-385	534	13	distribution	distribution	ADJ
ftr-385	534	14	book	book	NOUN
ftr-385	534	15	capital	capital	NOUN
ftr-385	534	16	account	account	NOUN
ftr-385	534	17	should	should	AUX
ftr-385	534	18	be	be	AUX
ftr-385	534	19	at	at	ADP
ftr-385	534	20	least	least	ADJ
ftr-385	534	21	equal	equal	ADJ
ftr-385	534	22	to	to	ADP
ftr-385	534	23	the	the	DET
ftr-385	534	24	distributee	distributee	NOUN
ftr-385	534	25	’s	’s	PART
ftr-385	534	26	remaining	remain	VERB
ftr-385	534	27	share	share	NOUN
ftr-385	534	28	of	of	ADP
ftr-385	534	29	inside	inside	ADJ
ftr-385	534	30	basis	basis	NOUN
ftr-385	534	31	plus	plus	CCONJ
ftr-385	534	32	the	the	DET
ftr-385	534	33	distributee	distributee	NOUN
ftr-385	534	34	’s	’s	PART
ftr-385	534	35	booked	book	VERB
ftr-385	534	36	-	-	PUNCT
ftr-385	534	37	up	up	ADP
ftr-385	534	38	hot	hot	ADJ
ftr-385	534	39	asset	asset	NOUN
ftr-385	534	40	gain	gain	NOUN
ftr-385	534	41	.	.	PUNCT
ftr-385	535	1	if	if	SCONJ
ftr-385	535	2	a	a	DET
ftr-385	535	3	distribution	distribution	NOUN
ftr-385	535	4	of96	of96	PROPN
ftr-385	535	5	354	354	NUM
ftr-385	535	6	florida	florida	PROPN
ftr-385	535	7	tax	tax	NOUN
ftr-385	535	8	review	review	NOUN
ftr-385	535	9	[	[	X
ftr-385	535	10	vol.8:3	vol.8:3	NOUN
ftr-385	535	11	inside	inside	ADP
ftr-385	535	12	basis	basis	NOUN
ftr-385	535	13	plus	plus	CCONJ
ftr-385	535	14	booked	book	VERB
ftr-385	535	15	-	-	PUNCT
ftr-385	535	16	up	up	ADP
ftr-385	535	17	hot	hot	ADJ
ftr-385	535	18	asset	asset	NOUN
ftr-385	535	19	gain	gain	NOUN
ftr-385	535	20	might	might	AUX
ftr-385	535	21	be	be	AUX
ftr-385	535	22	required	require	VERB
ftr-385	535	23	)	)	PUNCT
ftr-385	535	24	.	.	PUNCT
ftr-385	536	1	the	the	DET
ftr-385	536	2	distributee	distributee	NOUN
ftr-385	536	3	’s	’s	PART
ftr-385	536	4	share	share	NOUN
ftr-385	536	5	of	of	ADP
ftr-385	536	6	inside	inside	ADJ
ftr-385	536	7	basis	basis	NOUN
ftr-385	536	8	would	would	AUX
ftr-385	536	9	be	be	AUX
ftr-385	536	10	determined	determine	VERB
ftr-385	536	11	net	net	NOUN
ftr-385	536	12	of	of	ADP
ftr-385	536	13	liabilities	liability	NOUN
ftr-385	536	14	.	.	PUNCT
ftr-385	537	1	see	see	VERB
ftr-385	537	2	note	note	VERB
ftr-385	537	3	44	44	NUM
ftr-385	537	4	supra	supra	NOUN
ftr-385	537	5	.	.	PUNCT
ftr-385	538	1	97	97	NUM
ftr-385	538	2	.	.	PUNCT
ftr-385	539	1	“	"	PUNCT
ftr-385	539	2	exhausted	exhausted	ADJ
ftr-385	539	3	basis	basis	NOUN
ftr-385	539	4	”	"	PUNCT
ftr-385	539	5	distributions	distribution	NOUN
ftr-385	539	6	are	be	AUX
ftr-385	539	7	precisely	precisely	ADV
ftr-385	539	8	the	the	DET
ftr-385	539	9	type	type	NOUN
ftr-385	539	10	of	of	ADP
ftr-385	539	11	distributions	distribution	NOUN
ftr-385	539	12	that	that	PRON
ftr-385	539	13	ought	ought	AUX
ftr-385	539	14	to	to	PART
ftr-385	539	15	trigger	trigger	VERB
ftr-385	539	16	§	§	PROPN
ftr-385	539	17	734(b	734(b	PROPN
ftr-385	539	18	)	)	PUNCT
ftr-385	539	19	adjustments	adjustment	NOUN
ftr-385	539	20	.	.	PUNCT
ftr-385	540	1	see	see	PROPN
ftr-385	540	2	andrews	andrews	PROPN
ftr-385	540	3	,	,	PUNCT
ftr-385	540	4	supra	supra	PROPN
ftr-385	540	5	note	note	PROPN
ftr-385	540	6	5	5	NUM
ftr-385	540	7	,	,	PUNCT
ftr-385	540	8	at	at	ADP
ftr-385	540	9	56	56	NUM
ftr-385	540	10	-	-	SYM
ftr-385	540	11	57	57	NUM
ftr-385	540	12	.	.	PUNCT
ftr-385	541	1	98	98	NUM
ftr-385	541	2	.	.	PUNCT
ftr-385	542	1	see	see	VERB
ftr-385	542	2	reg	reg	NOUN
ftr-385	542	3	.	.	PUNCT
ftr-385	543	1	§	§	PROPN
ftr-385	543	2	1.743	1.743	NUM
ftr-385	543	3	-	-	SYM
ftr-385	543	4	1(d	1(d	NUM
ftr-385	543	5	)	)	PUNCT
ftr-385	543	6	.	.	PUNCT
ftr-385	544	1	99	99	NUM
ftr-385	544	2	.	.	PUNCT
ftr-385	545	1	see	see	VERB
ftr-385	545	2	,	,	PUNCT
ftr-385	545	3	e.g.	e.g.	ADV
ftr-385	545	4	,	,	PUNCT
ftr-385	545	5	irc	irc	PROPN
ftr-385	545	6	§	§	PROPN
ftr-385	545	7	§	§	PROPN
ftr-385	545	8	351(b	351(b	PROPN
ftr-385	545	9	)	)	PUNCT
ftr-385	545	10	,	,	PUNCT
ftr-385	545	11	1031	1031	NUM
ftr-385	545	12	;	;	PUNCT
ftr-385	545	13	see	see	VERB
ftr-385	545	14	also	also	ADV
ftr-385	545	15	andrews	andrews	PROPN
ftr-385	545	16	,	,	PUNCT
ftr-385	545	17	supra	supra	PROPN
ftr-385	545	18	note	note	PROPN
ftr-385	545	19	5	5	NUM
ftr-385	545	20	,	,	PUNCT
ftr-385	545	21	at	at	ADP
ftr-385	545	22	67	67	NUM
ftr-385	545	23	(	(	PUNCT
ftr-385	545	24	characterizing	characterize	VERB
ftr-385	545	25	proportional	proportional	ADJ
ftr-385	545	26	gain	gain	NOUN
ftr-385	545	27	recognition	recognition	NOUN
ftr-385	545	28	rule	rule	NOUN
ftr-385	545	29	on	on	ADP
ftr-385	545	30	a	a	DET
ftr-385	545	31	nonprorata	nonprorata	ADJ
ftr-385	545	32	current	current	ADJ
ftr-385	545	33	distribution	distribution	NOUN
ftr-385	545	34	as	as	ADP
ftr-385	545	35	“	"	PUNCT
ftr-385	545	36	mild	mild	ADJ
ftr-385	545	37	by	by	ADP
ftr-385	545	38	comparison	comparison	NOUN
ftr-385	545	39	”	"	PUNCT
ftr-385	545	40	to	to	ADP
ftr-385	545	41	other	other	ADJ
ftr-385	545	42	boot	boot	NOUN
ftr-385	545	43	rules	rule	NOUN
ftr-385	545	44	)	)	PUNCT
ftr-385	545	45	100	100	NUM
ftr-385	545	46	.	.	PUNCT
ftr-385	546	1	see	see	VERB
ftr-385	546	2	irc	irc	PROPN
ftr-385	546	3	§	§	PROPN
ftr-385	546	4	731(a	731(a	PROPN
ftr-385	546	5	)	)	PUNCT
ftr-385	546	6	.	.	PUNCT
ftr-385	547	1	101	101	NUM
ftr-385	547	2	.	.	PUNCT
ftr-385	548	1	although	although	SCONJ
ftr-385	548	2	c	c	X
ftr-385	548	3	’s	’s	X
ftr-385	548	4	outside	outside	ADJ
ftr-385	548	5	basis	basis	NOUN
ftr-385	548	6	is	be	AUX
ftr-385	548	7	increased	increase	VERB
ftr-385	548	8	by	by	ADP
ftr-385	548	9	the	the	DET
ftr-385	548	10	recognized	recognize	VERB
ftr-385	548	11	gain	gain	NOUN
ftr-385	548	12	of	of	ADP
ftr-385	548	13	$	$	SYM
ftr-385	548	14	20	20	NUM
ftr-385	548	15	,	,	PUNCT
ftr-385	548	16	c	c	X
ftr-385	548	17	’s	’s	PART
ftr-385	548	18	basis	basis	NOUN
ftr-385	548	19	in	in	ADP
ftr-385	548	20	the	the	DET
ftr-385	548	21	distributed	distribute	VERB
ftr-385	548	22	property	property	NOUN
ftr-385	548	23	is	be	AUX
ftr-385	548	24	also	also	ADV
ftr-385	548	25	increased	increase	VERB
ftr-385	548	26	by	by	ADP
ftr-385	548	27	$	$	SYM
ftr-385	548	28	20	20	NUM
ftr-385	548	29	;	;	PUNCT
ftr-385	548	30	thus	thus	ADV
ftr-385	548	31	,	,	PUNCT
ftr-385	548	32	c	c	X
ftr-385	548	33	’s	’s	X
ftr-385	548	34	outside	outside	ADJ
ftr-385	548	35	basis	basis	NOUN
ftr-385	548	36	(	(	PUNCT
ftr-385	548	37	zero	zero	NUM
ftr-385	548	38	)	)	PUNCT
ftr-385	548	39	equals	equal	VERB
ftr-385	548	40	c	c	NOUN
ftr-385	548	41	’s	’s	PART
ftr-385	548	42	share	share	NOUN
ftr-385	548	43	of	of	ADP
ftr-385	548	44	inside	inside	ADJ
ftr-385	548	45	basis	basis	NOUN
ftr-385	548	46	.	.	PUNCT
ftr-385	549	1	excess	excess	ADJ
ftr-385	549	2	cold	cold	ADJ
ftr-385	549	3	assets	asset	NOUN
ftr-385	549	4	exhausts	exhaust	VERB
ftr-385	549	5	the	the	DET
ftr-385	549	6	distributee	distributee	NOUN
ftr-385	549	7	’s	’s	PART
ftr-385	549	8	share	share	NOUN
ftr-385	549	9	of	of	ADP
ftr-385	549	10	inside	inside	ADJ
ftr-385	549	11	basis	basis	NOUN
ftr-385	549	12	,	,	PUNCT
ftr-385	549	13	the	the	DET
ftr-385	549	14	distributee	distributee	NOUN
ftr-385	549	15	would	would	AUX
ftr-385	549	16	recognize	recognize	VERB
ftr-385	549	17	ordinary	ordinary	ADJ
ftr-385	549	18	income	income	NOUN
ftr-385	549	19	equal	equal	ADJ
ftr-385	549	20	to	to	ADP
ftr-385	549	21	the	the	DET
ftr-385	549	22	“	"	PUNCT
ftr-385	549	23	excess	excess	ADJ
ftr-385	549	24	booked	book	VERB
ftr-385	549	25	-	-	PUNCT
ftr-385	549	26	up	up	ADP
ftr-385	549	27	hot	hot	ADJ
ftr-385	549	28	asset	asset	NOUN
ftr-385	549	29	gain	gain	NOUN
ftr-385	549	30	,	,	PUNCT
ftr-385	549	31	”	"	PUNCT
ftr-385	549	32	i.e.	i.e.	X
ftr-385	549	33	,	,	PUNCT
ftr-385	549	34	booked	book	VERB
ftr-385	549	35	-	-	PUNCT
ftr-385	549	36	up	up	ADP
ftr-385	549	37	hot	hot	ADJ
ftr-385	549	38	asset	asset	NOUN
ftr-385	549	39	gain	gain	NOUN
ftr-385	549	40	in	in	ADP
ftr-385	549	41	excess	excess	NOUN
ftr-385	549	42	of	of	ADP
ftr-385	549	43	the	the	DET
ftr-385	549	44	book	book	NOUN
ftr-385	549	45	value	value	NOUN
ftr-385	549	46	of	of	ADP
ftr-385	549	47	the	the	DET
ftr-385	549	48	distributee	distributee	NOUN
ftr-385	549	49	’s	’s	PART
ftr-385	549	50	retained	retain	VERB
ftr-385	549	51	interest	interest	NOUN
ftr-385	549	52	.	.	PUNCT
ftr-385	550	1	in	in	ADP
ftr-385	550	2	example	example	NOUN
ftr-385	550	3	(	(	PUNCT
ftr-385	550	4	5	5	NUM
ftr-385	550	5	)	)	PUNCT
ftr-385	550	6	,	,	PUNCT
ftr-385	550	7	c	c	PROPN
ftr-385	550	8	would	would	AUX
ftr-385	550	9	thus	thus	ADV
ftr-385	550	10	recognize	recognize	VERB
ftr-385	550	11	$	$	SYM
ftr-385	550	12	20	20	NUM
ftr-385	550	13	of97	of97	PROPN
ftr-385	550	14	hot	hot	ADJ
ftr-385	550	15	asset	asset	NOUN
ftr-385	550	16	gain	gain	NOUN
ftr-385	550	17	immediately	immediately	ADV
ftr-385	550	18	equal	equal	ADJ
ftr-385	550	19	to	to	ADP
ftr-385	550	20	the	the	DET
ftr-385	550	21	excess	excess	NOUN
ftr-385	550	22	of	of	ADP
ftr-385	550	23	c	c	PROPN
ftr-385	550	24	’s	’s	ADV
ftr-385	550	25	booked	book	VERB
ftr-385	550	26	-	-	PUNCT
ftr-385	550	27	up	up	ADP
ftr-385	550	28	hot	hot	ADJ
ftr-385	550	29	asset	asset	NOUN
ftr-385	550	30	gain	gain	NOUN
ftr-385	550	31	(	(	PUNCT
ftr-385	550	32	$	$	SYM
ftr-385	550	33	30	30	NUM
ftr-385	550	34	)	)	PUNCT
ftr-385	550	35	plus	plus	CCONJ
ftr-385	550	36	c	c	X
ftr-385	550	37	’s	’s	PART
ftr-385	550	38	remaining	remain	VERB
ftr-385	550	39	share	share	NOUN
ftr-385	550	40	of	of	ADP
ftr-385	550	41	inside	inside	ADJ
ftr-385	550	42	basis	basis	NOUN
ftr-385	550	43	(	(	PUNCT
ftr-385	550	44	zero	zero	NUM
ftr-385	550	45	)	)	PUNCT
ftr-385	550	46	over	over	ADP
ftr-385	550	47	the	the	DET
ftr-385	550	48	value	value	NOUN
ftr-385	550	49	of	of	ADP
ftr-385	550	50	c	c	PROPN
ftr-385	550	51	’s	’s	PART
ftr-385	550	52	retained	retain	VERB
ftr-385	550	53	interest	interest	NOUN
ftr-385	550	54	(	(	PUNCT
ftr-385	550	55	$	$	SYM
ftr-385	550	56	10	10	NUM
ftr-385	550	57	)	)	PUNCT
ftr-385	550	58	.	.	PUNCT
ftr-385	551	1	immediate	immediate	ADJ
ftr-385	551	2	recognition	recognition	NOUN
ftr-385	551	3	of	of	ADP
ftr-385	551	4	ordinary	ordinary	ADJ
ftr-385	551	5	income	income	NOUN
ftr-385	551	6	of	of	ADP
ftr-385	551	7	$	$	SYM
ftr-385	551	8	20	20	NUM
ftr-385	551	9	eliminates	eliminate	VERB
ftr-385	551	10	the	the	DET
ftr-385	551	11	capital	capital	NOUN
ftr-385	551	12	loss	loss	NOUN
ftr-385	551	13	of	of	ADP
ftr-385	551	14	$	$	SYM
ftr-385	551	15	20	20	NUM
ftr-385	551	16	that	that	PRON
ftr-385	551	17	c	c	NOUN
ftr-385	551	18	would	would	AUX
ftr-385	551	19	otherwise	otherwise	ADV
ftr-385	551	20	recognize	recognize	VERB
ftr-385	551	21	upon	upon	SCONJ
ftr-385	551	22	liquidation	liquidation	NOUN
ftr-385	551	23	of	of	ADP
ftr-385	551	24	the	the	DET
ftr-385	551	25	partnership	partnership	NOUN
ftr-385	551	26	.	.	PUNCT
ftr-385	552	1	in	in	ADP
ftr-385	552	2	effect	effect	NOUN
ftr-385	552	3	,	,	PUNCT
ftr-385	552	4	the	the	DET
ftr-385	552	5	built	build	VERB
ftr-385	552	6	-	-	PUNCT
ftr-385	552	7	in	in	ADP
ftr-385	552	8	capital	capital	NOUN
ftr-385	552	9	loss	loss	NOUN
ftr-385	552	10	signifies	signifie	NOUN
ftr-385	552	11	that	that	PRON
ftr-385	552	12	c	c	PROPN
ftr-385	552	13	has	have	AUX
ftr-385	552	14	retained	retain	VERB
ftr-385	552	15	a	a	DET
ftr-385	552	16	share	share	NOUN
ftr-385	552	17	of	of	ADP
ftr-385	552	18	inside	inside	ADJ
ftr-385	552	19	basis	basis	NOUN
ftr-385	552	20	and	and	CCONJ
ftr-385	552	21	booked	book	VERB
ftr-385	552	22	-	-	PUNCT
ftr-385	552	23	up	up	ADP
ftr-385	552	24	hot	hot	ADJ
ftr-385	552	25	asset	asset	NOUN
ftr-385	552	26	gain	gain	NOUN
ftr-385	552	27	in	in	ADP
ftr-385	552	28	excess	excess	NOUN
ftr-385	552	29	of	of	ADP
ftr-385	552	30	the	the	DET
ftr-385	552	31	value	value	NOUN
ftr-385	552	32	of	of	ADP
ftr-385	552	33	c	c	PROPN
ftr-385	552	34	’s	’s	PART
ftr-385	552	35	retained	retain	VERB
ftr-385	552	36	interest	interest	NOUN
ftr-385	552	37	.	.	PUNCT
ftr-385	553	1	ignoring	ignore	VERB
ftr-385	553	2	section	section	NOUN
ftr-385	553	3	751(b	751(b	PROPN
ftr-385	553	4	)	)	PUNCT
ftr-385	553	5	,	,	PUNCT
ftr-385	553	6	the	the	DET
ftr-385	553	7	distribution	distribution	NOUN
ftr-385	553	8	in	in	ADP
ftr-385	553	9	example	example	NOUN
ftr-385	553	10	(	(	PUNCT
ftr-385	553	11	5	5	X
ftr-385	553	12	)	)	PUNCT
ftr-385	553	13	exhausts	exhaust	VERB
ftr-385	553	14	c	c	PROPN
ftr-385	553	15	’s	’s	PART
ftr-385	553	16	share	share	NOUN
ftr-385	553	17	of	of	ADP
ftr-385	553	18	outside	outside	ADJ
ftr-385	553	19	basis	basis	NOUN
ftr-385	553	20	(	(	PUNCT
ftr-385	553	21	$	$	SYM
ftr-385	553	22	90	90	NUM
ftr-385	553	23	outside	outside	ADP
ftr-385	553	24	basis	basis	NOUN
ftr-385	553	25	less	less	ADJ
ftr-385	553	26	$	$	SYM
ftr-385	553	27	90	90	NUM
ftr-385	553	28	transferred	transfer	VERB
ftr-385	553	29	basis	basis	NOUN
ftr-385	553	30	of	of	ADP
ftr-385	553	31	land	land	NOUN
ftr-385	553	32	)	)	PUNCT
ftr-385	553	33	.	.	PUNCT
ftr-385	554	1	the	the	DET
ftr-385	554	2	corollary	corollary	NOUN
ftr-385	554	3	of	of	ADP
ftr-385	554	4	a	a	DET
ftr-385	554	5	zero	zero	NUM
ftr-385	554	6	outside	outside	ADJ
ftr-385	554	7	basis	basis	NOUN
ftr-385	554	8	should	should	AUX
ftr-385	554	9	be	be	AUX
ftr-385	554	10	a	a	DET
ftr-385	554	11	zero	zero	NUM
ftr-385	554	12	share	share	NOUN
ftr-385	554	13	of	of	ADP
ftr-385	554	14	inside	inside	ADJ
ftr-385	554	15	basis	basis	NOUN
ftr-385	554	16	.	.	PUNCT
ftr-385	555	1	in	in	ADP
ftr-385	555	2	fact	fact	NOUN
ftr-385	555	3	,	,	PUNCT
ftr-385	555	4	c	c	X
ftr-385	555	5	’s	’s	NOUN
ftr-385	555	6	share	share	NOUN
ftr-385	555	7	of	of	ADP
ftr-385	555	8	previously	previously	ADV
ftr-385	555	9	taxed	tax	VERB
ftr-385	555	10	capital	capital	NOUN
ftr-385	555	11	is	be	AUX
ftr-385	555	12	apparently	apparently	ADV
ftr-385	555	13	negative	negative	ADJ
ftr-385	555	14	$	$	SYM
ftr-385	555	15	20	20	NUM
ftr-385	555	16	,	,	PUNCT
ftr-385	555	17	i.e.	i.e.	X
ftr-385	555	18	,	,	PUNCT
ftr-385	555	19	the	the	DET
ftr-385	555	20	book	book	NOUN
ftr-385	555	21	value	value	NOUN
ftr-385	555	22	of	of	ADP
ftr-385	555	23	c	c	PROPN
ftr-385	555	24	’s	’s	PART
ftr-385	555	25	retained	retain	VERB
ftr-385	555	26	interest	interest	NOUN
ftr-385	555	27	(	(	PUNCT
ftr-385	555	28	$	$	SYM
ftr-385	555	29	10	10	NUM
ftr-385	555	30	)	)	PUNCT
ftr-385	555	31	less	less	ADJ
ftr-385	555	32	c	c	NOUN
ftr-385	555	33	’s	’s	ADV
ftr-385	555	34	booked	book	VERB
ftr-385	555	35	-	-	PUNCT
ftr-385	555	36	up	up	ADP
ftr-385	555	37	hot	hot	ADJ
ftr-385	555	38	asset	asset	NOUN
ftr-385	555	39	gain	gain	NOUN
ftr-385	555	40	(	(	PUNCT
ftr-385	555	41	$	$	SYM
ftr-385	555	42	30).98	30).98	NUM
ftr-385	555	43	outside	outside	ADJ
ftr-385	555	44	subchapter	subchapter	NOUN
ftr-385	555	45	k	k	PROPN
ftr-385	555	46	,	,	PUNCT
ftr-385	555	47	gain	gain	NOUN
ftr-385	555	48	recognition	recognition	NOUN
ftr-385	555	49	is	be	AUX
ftr-385	555	50	routinely	routinely	ADV
ftr-385	555	51	required	require	VERB
ftr-385	555	52	to	to	PART
ftr-385	555	53	prevent	prevent	VERB
ftr-385	555	54	negative	negative	ADJ
ftr-385	555	55	basis	basis	NOUN
ftr-385	555	56	.	.	PUNCT
ftr-385	556	1	indeed	indeed	ADV
ftr-385	556	2	,	,	PUNCT
ftr-385	556	3	even	even	ADV
ftr-385	556	4	subchapter	subchapter	NOUN
ftr-385	556	5	k	k	PROPN
ftr-385	556	6	generally	generally	ADV
ftr-385	556	7	requires	require	VERB
ftr-385	556	8	gain	gain	NOUN
ftr-385	556	9	recognition99	recognition99	NOUN
ftr-385	556	10	when	when	SCONJ
ftr-385	556	11	a	a	DET
ftr-385	556	12	cash	cash	NOUN
ftr-385	556	13	distribution	distribution	NOUN
ftr-385	556	14	exceeds	exceed	VERB
ftr-385	556	15	a	a	DET
ftr-385	556	16	partner	partner	NOUN
ftr-385	556	17	’s	’s	NOUN
ftr-385	556	18	entire	entire	ADJ
ftr-385	556	19	outside	outside	ADJ
ftr-385	556	20	basis	basis	NOUN
ftr-385	556	21	,	,	PUNCT
ftr-385	556	22	since	since	SCONJ
ftr-385	556	23	the	the	DET
ftr-385	556	24	lurking	lurking	NOUN
ftr-385	556	25	gain	gain	NOUN
ftr-385	556	26	can	can	AUX
ftr-385	556	27	no	no	ADV
ftr-385	556	28	longer	long	ADV
ftr-385	556	29	be	be	AUX
ftr-385	556	30	preserved	preserve	VERB
ftr-385	556	31	.	.	PUNCT
ftr-385	557	1	if	if	SCONJ
ftr-385	557	2	c	c	PROPN
ftr-385	557	3	recognizes	recognize	VERB
ftr-385	557	4	hot	hot	ADJ
ftr-385	557	5	asset	asset	NOUN
ftr-385	557	6	gain	gain	NOUN
ftr-385	557	7	of100	of100	NOUN
ftr-385	557	8	$	$	SYM
ftr-385	557	9	20	20	NUM
ftr-385	557	10	,	,	PUNCT
ftr-385	557	11	c	c	X
ftr-385	557	12	’s	’s	PART
ftr-385	557	13	share	share	NOUN
ftr-385	557	14	of	of	ADP
ftr-385	557	15	inside	inside	ADJ
ftr-385	557	16	basis	basis	NOUN
ftr-385	557	17	is	be	AUX
ftr-385	557	18	restored	restore	VERB
ftr-385	557	19	to	to	ADP
ftr-385	557	20	zero	zero	NUM
ftr-385	557	21	(	(	PUNCT
ftr-385	557	22	$	$	SYM
ftr-385	557	23	10	10	NUM
ftr-385	557	24	book	book	NOUN
ftr-385	557	25	value	value	NOUN
ftr-385	557	26	less	less	ADJ
ftr-385	557	27	$	$	SYM
ftr-385	557	28	10	10	NUM
ftr-385	557	29	remaining	remain	VERB
ftr-385	557	30	share	share	NOUN
ftr-385	557	31	of	of	ADP
ftr-385	557	32	hot	hot	ADJ
ftr-385	557	33	asset	asset	NOUN
ftr-385	557	34	gain).101	gain).101	NOUN
ftr-385	557	35	the	the	DET
ftr-385	557	36	nondistributee	nondistributee	NOUN
ftr-385	557	37	partners	partner	NOUN
ftr-385	557	38	(	(	PUNCT
ftr-385	557	39	a	a	PRON
ftr-385	557	40	and	and	CCONJ
ftr-385	557	41	b	b	NOUN
ftr-385	557	42	)	)	PUNCT
ftr-385	557	43	should	should	AUX
ftr-385	557	44	also	also	ADV
ftr-385	557	45	be	be	AUX
ftr-385	557	46	required	require	VERB
ftr-385	557	47	to	to	PART
ftr-385	557	48	recognize	recognize	VERB
ftr-385	557	49	cold	cold	ADJ
ftr-385	557	50	asset	asset	NOUN
ftr-385	557	51	gain	gain	NOUN
ftr-385	557	52	of	of	ADP
ftr-385	557	53	$	$	SYM
ftr-385	557	54	20	20	NUM
ftr-385	557	55	,	,	PUNCT
ftr-385	557	56	the	the	DET
ftr-385	557	57	amount	amount	NOUN
ftr-385	557	58	of	of	ADP
ftr-385	557	59	unrealized	unrealized	ADJ
ftr-385	557	60	appreciation	appreciation	NOUN
ftr-385	557	61	in	in	ADP
ftr-385	557	62	the	the	DET
ftr-385	557	63	distributed	distribute	VERB
ftr-385	557	64	cold	cold	ADJ
ftr-385	557	65	asset	asset	NOUN
ftr-385	557	66	in	in	ADP
ftr-385	557	67	excess	excess	NOUN
ftr-385	557	68	of	of	ADP
ftr-385	557	69	c	c	PROPN
ftr-385	557	70	’s	’s	PART
ftr-385	557	71	total	total	ADJ
ftr-385	557	72	predistribution	predistribution	NOUN
ftr-385	557	73	share	share	NOUN
ftr-385	557	74	of	of	ADP
ftr-385	557	75	cold	cold	ADJ
ftr-385	557	76	asset	asset	NOUN
ftr-385	557	77	gain	gain	NOUN
ftr-385	557	78	.	.	PUNCT
ftr-385	558	1	c	c	PROPN
ftr-385	558	2	has	have	AUX
ftr-385	558	3	given	give	VERB
ftr-385	558	4	up	up	ADP
ftr-385	558	5	$	$	SYM
ftr-385	558	6	20	20	NUM
ftr-385	558	7	worth	worth	NOUN
ftr-385	558	8	of	of	ADP
ftr-385	558	9	zero	zero	NUM
ftr-385	558	10	-	-	PUNCT
ftr-385	558	11	basis	basis	NOUN
ftr-385	558	12	hot	hot	ADJ
ftr-385	558	13	assets	asset	NOUN
ftr-385	558	14	and	and	CCONJ
ftr-385	558	15	received	receive	VERB
ftr-385	558	16	,	,	PUNCT
ftr-385	558	17	in	in	ADP
ftr-385	558	18	exchange	exchange	NOUN
ftr-385	558	19	therefor	therefor	ADV
ftr-385	558	20	,	,	PUNCT
ftr-385	558	21	an	an	DET
ftr-385	558	22	additional	additional	ADJ
ftr-385	558	23	$	$	SYM
ftr-385	558	24	20	20	NUM
ftr-385	558	25	worth	worth	NOUN
ftr-385	558	26	of	of	ADP
ftr-385	558	27	zero	zero	NUM
ftr-385	558	28	-	-	PUNCT
ftr-385	558	29	basis	basis	NOUN
ftr-385	558	30	cold	cold	ADJ
ftr-385	558	31	assets	asset	NOUN
ftr-385	558	32	.	.	PUNCT
ftr-385	559	1	the	the	DET
ftr-385	559	2	partnership	partnership	NOUN
ftr-385	559	3	’s	’s	PART
ftr-385	559	4	stepped	step	VERB
ftr-385	559	5	-	-	PUNCT
ftr-385	559	6	up	up	ADP
ftr-385	559	7	basis	basis	NOUN
ftr-385	559	8	of	of	ADP
ftr-385	559	9	$	$	SYM
ftr-385	559	10	20	20	NUM
ftr-385	559	11	in	in	ADP
ftr-385	559	12	the	the	DET
ftr-385	559	13	retained	retain	VERB
ftr-385	559	14	hot	hot	ADJ
ftr-385	559	15	asset	asset	NOUN
ftr-385	559	16	reflects	reflect	VERB
ftr-385	559	17	the	the	DET
ftr-385	559	18	cost	cost	NOUN
ftr-385	559	19	of	of	ADP
ftr-385	559	20	acquiring	acquire	VERB
ftr-385	559	21	c	c	PROPN
ftr-385	559	22	’s	’s	PART
ftr-385	559	23	former	former	ADJ
ftr-385	559	24	share	share	NOUN
ftr-385	559	25	of	of	ADP
ftr-385	559	26	hot	hot	ADJ
ftr-385	559	27	asset	asset	NOUN
ftr-385	559	28	gain	gain	NOUN
ftr-385	559	29	(	(	PUNCT
ftr-385	559	30	and	and	CCONJ
ftr-385	559	31	value	value	NOUN
ftr-385	559	32	)	)	PUNCT
ftr-385	559	33	.	.	PUNCT
ftr-385	560	1	while	while	SCONJ
ftr-385	560	2	c	c	PROPN
ftr-385	560	3	could	could	AUX
ftr-385	560	4	perhaps	perhaps	ADV
ftr-385	560	5	be	be	AUX
ftr-385	560	6	deemed	deem	VERB
ftr-385	560	7	to	to	PART
ftr-385	560	8	sell	sell	VERB
ftr-385	560	9	$	$	SYM
ftr-385	560	10	20	20	NUM
ftr-385	560	11	worth	worth	NOUN
ftr-385	560	12	of	of	ADP
ftr-385	560	13	hot	hot	ADJ
ftr-385	560	14	assets	asset	NOUN
ftr-385	560	15	to	to	ADP
ftr-385	560	16	herself	herself	PRON
ftr-385	560	17	,	,	PUNCT
ftr-385	560	18	it	it	PRON
ftr-385	560	19	makes	make	VERB
ftr-385	560	20	much	much	ADV
ftr-385	560	21	better	well	ADJ
ftr-385	560	22	sense	sense	NOUN
ftr-385	560	23	to	to	PART
ftr-385	560	24	treat	treat	VERB
ftr-385	560	25	the	the	DET
ftr-385	560	26	nondistributee	nondistributee	NOUN
ftr-385	560	27	partners	partner	NOUN
ftr-385	560	28	(	(	PUNCT
ftr-385	560	29	a	a	PRON
ftr-385	560	30	and	and	CCONJ
ftr-385	560	31	b	b	NOUN
ftr-385	560	32	)	)	PUNCT
ftr-385	560	33	as	as	ADP
ftr-385	560	34	the	the	DET
ftr-385	560	35	purchasing	purchasing	NOUN
ftr-385	560	36	2007	2007	NUM
ftr-385	560	37	]	]	PUNCT
ftr-385	560	38	taxing	tax	VERB
ftr-385	560	39	hot	hot	ADJ
ftr-385	560	40	asset	asset	NOUN
ftr-385	560	41	shifts	shift	NOUN
ftr-385	560	42	355	355	NUM
ftr-385	560	43	102	102	NUM
ftr-385	560	44	.	.	PUNCT
ftr-385	561	1	if	if	SCONJ
ftr-385	561	2	c	c	PROPN
ftr-385	561	3	is	be	AUX
ftr-385	561	4	treated	treat	VERB
ftr-385	561	5	as	as	ADP
ftr-385	561	6	selling	sell	VERB
ftr-385	561	7	the	the	DET
ftr-385	561	8	hot	hot	ADJ
ftr-385	561	9	assets	asset	NOUN
ftr-385	561	10	to	to	ADP
ftr-385	561	11	herself	herself	PRON
ftr-385	561	12	,	,	PUNCT
ftr-385	561	13	c	c	AUX
ftr-385	561	14	’s	’s	ADV
ftr-385	561	15	remaining	remain	VERB
ftr-385	561	16	outside	outside	ADJ
ftr-385	561	17	basis	basis	NOUN
ftr-385	561	18	would	would	AUX
ftr-385	561	19	be	be	AUX
ftr-385	561	20	$	$	SYM
ftr-385	561	21	20	20	NUM
ftr-385	561	22	,	,	PUNCT
ftr-385	561	23	and	and	CCONJ
ftr-385	561	24	c	c	X
ftr-385	561	25	’s	’s	ADJ
ftr-385	561	26	basis	basis	NOUN
ftr-385	561	27	in	in	ADP
ftr-385	561	28	the	the	DET
ftr-385	561	29	distributed	distribute	VERB
ftr-385	561	30	cold	cold	ADJ
ftr-385	561	31	asset	asset	NOUN
ftr-385	561	32	would	would	AUX
ftr-385	561	33	be	be	AUX
ftr-385	561	34	only	only	ADV
ftr-385	561	35	$	$	SYM
ftr-385	561	36	90	90	NUM
ftr-385	561	37	;	;	PUNCT
ftr-385	561	38	thus	thus	ADV
ftr-385	561	39	,	,	PUNCT
ftr-385	561	40	c	c	PROPN
ftr-385	561	41	would	would	AUX
ftr-385	561	42	apparently	apparently	ADV
ftr-385	561	43	have	have	VERB
ftr-385	561	44	a	a	DET
ftr-385	561	45	built	build	VERB
ftr-385	561	46	-	-	PUNCT
ftr-385	561	47	in	in	ADP
ftr-385	561	48	loss	loss	NOUN
ftr-385	561	49	of	of	ADP
ftr-385	561	50	$	$	SYM
ftr-385	561	51	20	20	NUM
ftr-385	561	52	in	in	ADP
ftr-385	561	53	her	her	PRON
ftr-385	561	54	partnership	partnership	NOUN
ftr-385	561	55	interest	interest	NOUN
ftr-385	561	56	(	(	PUNCT
ftr-385	561	57	$	$	SYM
ftr-385	561	58	20	20	NUM
ftr-385	561	59	outside	outside	ADJ
ftr-385	561	60	basis	basis	NOUN
ftr-385	561	61	increased	increase	VERB
ftr-385	561	62	by	by	ADP
ftr-385	561	63	$	$	SYM
ftr-385	561	64	10	10	NUM
ftr-385	561	65	built	build	VERB
ftr-385	561	66	-	-	PUNCT
ftr-385	561	67	in	in	ADP
ftr-385	561	68	gain	gain	NOUN
ftr-385	561	69	less	less	ADJ
ftr-385	561	70	$	$	SYM
ftr-385	561	71	10	10	NUM
ftr-385	561	72	value	value	NOUN
ftr-385	561	73	of	of	ADP
ftr-385	561	74	interest	interest	NOUN
ftr-385	561	75	)	)	PUNCT
ftr-385	561	76	.	.	PUNCT
ftr-385	562	1	103	103	NUM
ftr-385	562	2	.	.	PUNCT
ftr-385	563	1	accordingly	accordingly	ADV
ftr-385	563	2	,	,	PUNCT
ftr-385	563	3	the	the	DET
ftr-385	563	4	partnership	partnership	NOUN
ftr-385	563	5	would	would	AUX
ftr-385	563	6	have	have	VERB
ftr-385	563	7	the	the	DET
ftr-385	563	8	following	follow	VERB
ftr-385	563	9	post	post	ADJ
ftr-385	563	10	-	-	ADJ
ftr-385	563	11	distribution	distribution	ADJ
ftr-385	563	12	balance	balance	NOUN
ftr-385	563	13	sheet	sheet	NOUN
ftr-385	563	14	:	:	PUNCT
ftr-385	563	15	assets	asset	NOUN
ftr-385	563	16	basis	basis	NOUN
ftr-385	563	17	value	value	NOUN
ftr-385	563	18	capital	capital	NOUN
ftr-385	563	19	tax	tax	NOUN
ftr-385	563	20	book	book	NOUN
ftr-385	563	21	cash	cash	NOUN
ftr-385	563	22	$	$	SYM
ftr-385	563	23	60	60	NUM
ftr-385	563	24	$	$	SYM
ftr-385	563	25	60	60	NUM
ftr-385	563	26	a	a	DET
ftr-385	563	27	$	$	SYM
ftr-385	563	28	100	100	NUM
ftr-385	563	29	$	$	SYM
ftr-385	563	30	160	160	NUM
ftr-385	563	31	land	land	NOUN
ftr-385	563	32	90	90	NUM
ftr-385	563	33	150	150	NUM
ftr-385	563	34	b	b	NOUN
ftr-385	563	35	100	100	NUM
ftr-385	563	36	160	160	NUM
ftr-385	563	37	receivables	receivables	NOUN
ftr-385	563	38	50	50	NUM
ftr-385	563	39	120	120	NUM
ftr-385	563	40	c	c	NOUN
ftr-385	563	41	0	0	NUM
ftr-385	563	42	10	10	NUM
ftr-385	563	43	total	total	NOUN
ftr-385	563	44	$	$	SYM
ftr-385	563	45	200	200	NUM
ftr-385	563	46	$	$	SYM
ftr-385	563	47	330	330	NUM
ftr-385	563	48	total	total	NOUN
ftr-385	563	49	$	$	SYM
ftr-385	563	50	200	200	NUM
ftr-385	563	51	$	$	SYM
ftr-385	563	52	330	330	NUM
ftr-385	563	53	104	104	NUM
ftr-385	563	54	.	.	PUNCT
ftr-385	564	1	ignoring	ignore	VERB
ftr-385	564	2	§	§	PROPN
ftr-385	564	3	751(b	751(b	PROPN
ftr-385	564	4	)	)	PUNCT
ftr-385	564	5	,	,	PUNCT
ftr-385	564	6	the	the	DET
ftr-385	564	7	partners	partner	NOUN
ftr-385	564	8	would	would	AUX
ftr-385	564	9	have	have	VERB
ftr-385	564	10	the	the	DET
ftr-385	564	11	following	follow	VERB
ftr-385	564	12	shares	share	NOUN
ftr-385	564	13	of	of	ADP
ftr-385	564	14	inside	inside	ADJ
ftr-385	564	15	basis	basis	NOUN
ftr-385	564	16	,	,	PUNCT
ftr-385	564	17	gain	gain	NOUN
ftr-385	564	18	and	and	CCONJ
ftr-385	564	19	value	value	NOUN
ftr-385	564	20	following	follow	VERB
ftr-385	564	21	the	the	DET
ftr-385	564	22	distribution	distribution	NOUN
ftr-385	564	23	:	:	PUNCT
ftr-385	564	24	partners	partner	NOUN
ftr-385	564	25	,	,	PUNCT
ftr-385	564	26	exactly	exactly	ADV
ftr-385	564	27	as	as	SCONJ
ftr-385	564	28	if	if	SCONJ
ftr-385	564	29	they	they	PRON
ftr-385	564	30	had	have	AUX
ftr-385	564	31	paid	pay	VERB
ftr-385	564	32	cash	cash	NOUN
ftr-385	564	33	for	for	ADP
ftr-385	564	34	c	c	PROPN
ftr-385	564	35	’s	’s	PART
ftr-385	564	36	share	share	NOUN
ftr-385	564	37	of	of	ADP
ftr-385	564	38	hot	hot	ADJ
ftr-385	564	39	asset	asset	NOUN
ftr-385	564	40	gain	gain	NOUN
ftr-385	564	41	.	.	PUNCT
ftr-385	565	1	with102	with102	PRON
ftr-385	565	2	respect	respect	NOUN
ftr-385	565	3	to	to	ADP
ftr-385	565	4	a	a	PRON
ftr-385	565	5	and	and	CCONJ
ftr-385	565	6	b	b	NOUN
ftr-385	565	7	,	,	PUNCT
ftr-385	565	8	the	the	DET
ftr-385	565	9	result	result	NOUN
ftr-385	565	10	is	be	AUX
ftr-385	565	11	the	the	DET
ftr-385	565	12	same	same	ADJ
ftr-385	565	13	as	as	SCONJ
ftr-385	565	14	if	if	SCONJ
ftr-385	565	15	they	they	PRON
ftr-385	565	16	had	have	AUX
ftr-385	565	17	sold	sell	VERB
ftr-385	565	18	their	their	PRON
ftr-385	565	19	relinquished	relinquished	ADJ
ftr-385	565	20	share	share	NOUN
ftr-385	565	21	of	of	ADP
ftr-385	565	22	cold	cold	ADJ
ftr-385	565	23	asset	asset	NOUN
ftr-385	565	24	gain	gain	NOUN
ftr-385	565	25	for	for	ADP
ftr-385	565	26	cash	cash	NOUN
ftr-385	565	27	.	.	PUNCT
ftr-385	566	1	thus	thus	ADV
ftr-385	566	2	,	,	PUNCT
ftr-385	566	3	c	c	NOUN
ftr-385	566	4	recognizes	recognize	VERB
ftr-385	566	5	$	$	SYM
ftr-385	566	6	20	20	NUM
ftr-385	566	7	of	of	ADP
ftr-385	566	8	ordinary	ordinary	ADJ
ftr-385	566	9	income	income	NOUN
ftr-385	566	10	and	and	CCONJ
ftr-385	566	11	a	a	DET
ftr-385	566	12	and	and	CCONJ
ftr-385	566	13	b	b	NOUN
ftr-385	566	14	together	together	ADV
ftr-385	566	15	recognize	recognize	VERB
ftr-385	566	16	$	$	SYM
ftr-385	566	17	20	20	NUM
ftr-385	566	18	of	of	ADP
ftr-385	566	19	capital	capital	NOUN
ftr-385	566	20	gain	gain	NOUN
ftr-385	566	21	.	.	PUNCT
ftr-385	567	1	immediately	immediately	ADV
ftr-385	567	2	prior	prior	ADV
ftr-385	567	3	to	to	ADP
ftr-385	567	4	the	the	DET
ftr-385	567	5	distribution	distribution	NOUN
ftr-385	567	6	,	,	PUNCT
ftr-385	567	7	the	the	DET
ftr-385	567	8	basis	basis	NOUN
ftr-385	567	9	of	of	ADP
ftr-385	567	10	the	the	DET
ftr-385	567	11	distributed	distribute	VERB
ftr-385	567	12	cold	cold	ADJ
ftr-385	567	13	asset	asset	NOUN
ftr-385	567	14	is	be	AUX
ftr-385	567	15	increased	increase	VERB
ftr-385	567	16	from	from	ADP
ftr-385	567	17	$	$	SYM
ftr-385	567	18	90	90	NUM
ftr-385	567	19	to	to	PART
ftr-385	567	20	$	$	SYM
ftr-385	567	21	110	110	NUM
ftr-385	567	22	.	.	PUNCT
ftr-385	568	1	since	since	SCONJ
ftr-385	568	2	c	c	PROPN
ftr-385	568	3	’s	’s	X
ftr-385	568	4	outside	outside	ADJ
ftr-385	568	5	basis	basis	NOUN
ftr-385	568	6	is	be	AUX
ftr-385	568	7	also	also	ADV
ftr-385	568	8	increased	increase	VERB
ftr-385	568	9	from	from	ADP
ftr-385	568	10	$	$	SYM
ftr-385	568	11	90	90	NUM
ftr-385	568	12	to	to	PART
ftr-385	568	13	$	$	SYM
ftr-385	568	14	110	110	NUM
ftr-385	568	15	,	,	PUNCT
ftr-385	568	16	c	c	PROPN
ftr-385	568	17	takes	take	VERB
ftr-385	568	18	a	a	DET
ftr-385	568	19	stepped	step	VERB
ftr-385	568	20	-	-	PUNCT
ftr-385	568	21	up	up	ADP
ftr-385	568	22	basis	basis	NOUN
ftr-385	568	23	of	of	ADP
ftr-385	568	24	$	$	SYM
ftr-385	568	25	110	110	NUM
ftr-385	568	26	in	in	ADP
ftr-385	568	27	the	the	DET
ftr-385	568	28	distributed	distribute	VERB
ftr-385	568	29	cold	cold	ADJ
ftr-385	568	30	asset	asset	NOUN
ftr-385	568	31	,	,	PUNCT
ftr-385	568	32	preserving	preserve	VERB
ftr-385	568	33	c	c	PROPN
ftr-385	568	34	’s	’s	PART
ftr-385	568	35	$	$	SYM
ftr-385	568	36	40	40	NUM
ftr-385	568	37	share	share	NOUN
ftr-385	568	38	of	of	ADP
ftr-385	568	39	cold	cold	ADJ
ftr-385	568	40	asset	asset	NOUN
ftr-385	568	41	gain.103	gain.103	PROPN
ftr-385	568	42	following	follow	VERB
ftr-385	568	43	the	the	DET
ftr-385	568	44	distribution	distribution	NOUN
ftr-385	568	45	,	,	PUNCT
ftr-385	568	46	the	the	DET
ftr-385	568	47	continuing	continue	VERB
ftr-385	568	48	partners	partner	NOUN
ftr-385	568	49	’	'	PUNCT
ftr-385	568	50	shares	share	NOUN
ftr-385	568	51	of	of	ADP
ftr-385	568	52	inside	inside	ADJ
ftr-385	568	53	basis	basis	NOUN
ftr-385	568	54	,	,	PUNCT
ftr-385	568	55	gain	gain	NOUN
ftr-385	568	56	and	and	CCONJ
ftr-385	568	57	value	value	NOUN
ftr-385	568	58	are	be	AUX
ftr-385	568	59	properly	properly	ADV
ftr-385	568	60	aligned	align	VERB
ftr-385	568	61	:	:	PUNCT
ftr-385	568	62	c	c	X
ftr-385	568	63	a	a	PRON
ftr-385	568	64	and	and	CCONJ
ftr-385	568	65	b	b	NOUN
ftr-385	568	66	share	share	NOUN
ftr-385	568	67	of	of	ADP
ftr-385	568	68	inside	inside	ADJ
ftr-385	568	69	basis	basis	NOUN
ftr-385	568	70	$	$	SYM
ftr-385	568	71	0	0	NUM
ftr-385	568	72	$	$	SYM
ftr-385	568	73	200	200	NUM
ftr-385	568	74	hot	hot	ADJ
ftr-385	568	75	asset	asset	NOUN
ftr-385	568	76	gain	gain	NOUN
ftr-385	568	77	10	10	NUM
ftr-385	568	78	60	60	NUM
ftr-385	568	79	cold	cold	ADJ
ftr-385	568	80	asset	asset	NOUN
ftr-385	568	81	gain	gain	NOUN
ftr-385	568	82	0	0	NUM
ftr-385	568	83	60	60	NUM
ftr-385	568	84	total	total	NOUN
ftr-385	568	85	$	$	SYM
ftr-385	568	86	10	10	NUM
ftr-385	568	87	$	$	SYM
ftr-385	568	88	320	320	NUM
ftr-385	568	89	by	by	ADP
ftr-385	568	90	contrast	contrast	NOUN
ftr-385	568	91	,	,	PUNCT
ftr-385	568	92	ignoring	ignore	VERB
ftr-385	568	93	section	section	NOUN
ftr-385	568	94	751(b	751(b	PROPN
ftr-385	568	95	)	)	PUNCT
ftr-385	568	96	creates	create	VERB
ftr-385	568	97	havoc	havoc	NOUN
ftr-385	568	98	under	under	ADP
ftr-385	568	99	the	the	DET
ftr-385	568	100	partnership	partnership	NOUN
ftr-385	568	101	accounting	accounting	NOUN
ftr-385	568	102	rules	rule	NOUN
ftr-385	568	103	,	,	PUNCT
ftr-385	568	104	since	since	SCONJ
ftr-385	568	105	the	the	DET
ftr-385	568	106	partners	partner	NOUN
ftr-385	568	107	’	'	PUNCT
ftr-385	568	108	section	section	NOUN
ftr-385	568	109	704(b	704(b	PROPN
ftr-385	568	110	)	)	PUNCT
ftr-385	568	111	capital	capital	NOUN
ftr-385	568	112	accounts	account	NOUN
ftr-385	568	113	no	no	ADV
ftr-385	568	114	longer	long	ADV
ftr-385	568	115	properly	properly	ADV
ftr-385	568	116	reflect	reflect	VERB
ftr-385	568	117	their	their	PRON
ftr-385	568	118	shares	share	NOUN
ftr-385	568	119	of	of	ADP
ftr-385	568	120	inside	inside	ADJ
ftr-385	568	121	basis	basis	NOUN
ftr-385	568	122	and	and	CCONJ
ftr-385	568	123	booked	book	VERB
ftr-385	568	124	-	-	PUNCT
ftr-385	568	125	up	up	ADP
ftr-385	568	126	appreciation	appreciation	NOUN
ftr-385	568	127	.	.	PUNCT
ftr-385	569	1	the	the	DET
ftr-385	569	2	partnership	partnership	NOUN
ftr-385	569	3	’s	’s	PART
ftr-385	569	4	balance	balance	NOUN
ftr-385	569	5	sheet	sheet	NOUN
ftr-385	569	6	would	would	AUX
ftr-385	569	7	“	"	PUNCT
ftr-385	569	8	balance	balance	VERB
ftr-385	569	9	”	"	PUNCT
ftr-385	569	10	only	only	ADV
ftr-385	569	11	if	if	SCONJ
ftr-385	569	12	c	c	PROPN
ftr-385	569	13	were	be	AUX
ftr-385	569	14	treated	treat	VERB
ftr-385	569	15	as	as	ADP
ftr-385	569	16	having	have	VERB
ftr-385	569	17	a	a	DET
ftr-385	569	18	negative	negative	ADJ
ftr-385	569	19	basis	basis	NOUN
ftr-385	569	20	hot	hot	ADJ
ftr-385	569	21	asset	asset	NOUN
ftr-385	569	22	(	(	PUNCT
ftr-385	569	23	negative	negative	ADJ
ftr-385	569	24	$	$	SYM
ftr-385	569	25	20	20	NUM
ftr-385	569	26	basis	basis	NOUN
ftr-385	569	27	,	,	PUNCT
ftr-385	569	28	zero	zero	NUM
ftr-385	569	29	value	value	NOUN
ftr-385	569	30	)	)	PUNCT
ftr-385	569	31	and	and	CCONJ
ftr-385	569	32	a	a	PRON
ftr-385	569	33	and	and	CCONJ
ftr-385	569	34	b	b	NOUN
ftr-385	569	35	were	be	AUX
ftr-385	569	36	treated	treat	VERB
ftr-385	569	37	as	as	ADP
ftr-385	569	38	having	have	VERB
ftr-385	569	39	a	a	DET
ftr-385	569	40	mirroring	mirroring	NOUN
ftr-385	569	41	positive	positive	ADJ
ftr-385	569	42	basis	basis	NOUN
ftr-385	569	43	cold	cold	ADJ
ftr-385	569	44	asset	asset	NOUN
ftr-385	569	45	(	(	PUNCT
ftr-385	569	46	$	$	SYM
ftr-385	569	47	20	20	NUM
ftr-385	569	48	basis	basis	NOUN
ftr-385	569	49	,	,	PUNCT
ftr-385	569	50	$	$	SYM
ftr-385	569	51	20	20	NUM
ftr-385	569	52	value).104	value).104	PROPN
ftr-385	569	53	356	356	NUM
ftr-385	569	54	florida	florida	PROPN
ftr-385	569	55	tax	tax	NOUN
ftr-385	569	56	review	review	NOUN
ftr-385	569	57	[	[	X
ftr-385	569	58	vol.8:3	vol.8:3	NOUN
ftr-385	569	59	c	c	PROPN
ftr-385	569	60	a	a	PRON
ftr-385	569	61	and	and	CCONJ
ftr-385	569	62	b	b	NOUN
ftr-385	569	63	share	share	NOUN
ftr-385	569	64	of	of	ADP
ftr-385	569	65	inside	inside	ADJ
ftr-385	569	66	basis	basis	NOUN
ftr-385	569	67	$	$	SYM
ftr-385	569	68	0	0	NUM
ftr-385	569	69	$	$	SYM
ftr-385	569	70	180	180	NUM
ftr-385	569	71	hot	hot	ADJ
ftr-385	569	72	asset	asset	NOUN
ftr-385	569	73	gain	gain	NOUN
ftr-385	569	74	30	30	NUM
ftr-385	569	75	60	60	NUM
ftr-385	569	76	cold	cold	ADJ
ftr-385	569	77	asset	asset	NOUN
ftr-385	569	78	gain	gain	NOUN
ftr-385	569	79	0	0	NUM
ftr-385	569	80	60	60	NUM
ftr-385	569	81	share	share	NOUN
ftr-385	569	82	of	of	ADP
ftr-385	569	83	value	value	NOUN
ftr-385	569	84	(	(	PUNCT
ftr-385	569	85	§	§	PROPN
ftr-385	569	86	704(c	704(c	PROPN
ftr-385	569	87	)	)	PUNCT
ftr-385	569	88	)	)	PUNCT
ftr-385	569	89	30	30	NUM
ftr-385	569	90	300	300	NUM
ftr-385	569	91	negative	negative	ADJ
ftr-385	569	92	/	/	SYM
ftr-385	569	93	positive	positive	ADJ
ftr-385	569	94	basis	basis	NOUN
ftr-385	569	95	asset	asset	NOUN
ftr-385	569	96	(	(	PUNCT
ftr-385	569	97	20	20	NUM
ftr-385	569	98	)	)	PUNCT
ftr-385	569	99	20	20	NUM
ftr-385	569	100	booked	book	VERB
ftr-385	569	101	-	-	PUNCT
ftr-385	569	102	up	up	ADP
ftr-385	569	103	value	value	NOUN
ftr-385	569	104	(	(	PUNCT
ftr-385	569	105	§	§	PROPN
ftr-385	569	106	704(b	704(b	PROPN
ftr-385	569	107	)	)	PUNCT
ftr-385	569	108	)	)	PUNCT
ftr-385	569	109	$	$	SYM
ftr-385	569	110	10	10	NUM
ftr-385	569	111	$	$	SYM
ftr-385	569	112	320	320	NUM
ftr-385	569	113	105	105	NUM
ftr-385	569	114	.	.	PUNCT
ftr-385	570	1	despite	despite	SCONJ
ftr-385	570	2	proposals	proposal	NOUN
ftr-385	570	3	to	to	PART
ftr-385	570	4	eliminate	eliminate	VERB
ftr-385	570	5	§	§	PROPN
ftr-385	570	6	751(b	751(b	PROPN
ftr-385	570	7	)	)	PUNCT
ftr-385	570	8	,	,	PUNCT
ftr-385	570	9	legislation	legislation	NOUN
ftr-385	570	10	introduced	introduce	VERB
ftr-385	570	11	in	in	ADP
ftr-385	570	12	1960	1960	NUM
ftr-385	570	13	retained	retain	VERB
ftr-385	570	14	the	the	DET
ftr-385	570	15	section	section	NOUN
ftr-385	570	16	virtually	virtually	ADV
ftr-385	570	17	intact	intact	ADJ
ftr-385	570	18	.	.	PUNCT
ftr-385	571	1	see	see	VERB
ftr-385	571	2	h.r	h.r	PROPN
ftr-385	571	3	.	.	PROPN
ftr-385	571	4	9662	9662	NUM
ftr-385	571	5	,	,	PUNCT
ftr-385	571	6	86th	86th	ADJ
ftr-385	571	7	cong	cong	NOUN
ftr-385	571	8	.	.	PROPN
ftr-385	572	1	,	,	PUNCT
ftr-385	572	2	2d	2d	PROPN
ftr-385	572	3	sess	sess	NOUN
ftr-385	572	4	.	.	PUNCT
ftr-385	573	1	27	27	NUM
ftr-385	573	2	-	-	SYM
ftr-385	573	3	30	30	NUM
ftr-385	573	4	,	,	PUNCT
ftr-385	573	5	148	148	NUM
ftr-385	573	6	-	-	SYM
ftr-385	573	7	150	150	NUM
ftr-385	573	8	(	(	PUNCT
ftr-385	573	9	1960	1960	NUM
ftr-385	573	10	)	)	PUNCT
ftr-385	573	11	;	;	PUNCT
ftr-385	573	12	see	see	VERB
ftr-385	573	13	also	also	ADV
ftr-385	573	14	arthur	arthur	PROPN
ftr-385	573	15	b.	b.	PROPN
ftr-385	573	16	willis	willis	PROPN
ftr-385	573	17	,	,	PUNCT
ftr-385	573	18	willis	willis	PROPN
ftr-385	573	19	on	on	ADP
ftr-385	573	20	partnership	partnership	NOUN
ftr-385	573	21	taxation	taxation	NOUN
ftr-385	573	22	17	17	NUM
ftr-385	573	23	-	-	SYM
ftr-385	573	24	18	18	NUM
ftr-385	573	25	(	(	PUNCT
ftr-385	573	26	1971	1971	NUM
ftr-385	573	27	)	)	PUNCT
ftr-385	573	28	(	(	PUNCT
ftr-385	573	29	discussing	discuss	VERB
ftr-385	573	30	congress	congress	PROPN
ftr-385	573	31	’	'	PUNCT
ftr-385	573	32	failure	failure	NOUN
ftr-385	573	33	to	to	PART
ftr-385	573	34	enact	enact	VERB
ftr-385	573	35	proposed	propose	VERB
ftr-385	573	36	revisions	revision	NOUN
ftr-385	573	37	)	)	PUNCT
ftr-385	573	38	.	.	PUNCT
ftr-385	574	1	106	106	NUM
ftr-385	574	2	.	.	PUNCT
ftr-385	575	1	see	see	VERB
ftr-385	575	2	american	american	PROPN
ftr-385	575	3	law	law	PROPN
ftr-385	575	4	institute	institute	PROPN
ftr-385	575	5	,	,	PUNCT
ftr-385	575	6	federal	federal	ADJ
ftr-385	575	7	income	income	NOUN
ftr-385	575	8	tax	tax	NOUN
ftr-385	575	9	project	project	NOUN
ftr-385	575	10	:	:	PUNCT
ftr-385	575	11	subchapter	subchapter	PROPN
ftr-385	575	12	k	k	NOUN
ftr-385	575	13	,	,	PUNCT
ftr-385	575	14	proposals	proposal	NOUN
ftr-385	575	15	on	on	ADP
ftr-385	575	16	the	the	DET
ftr-385	575	17	taxation	taxation	NOUN
ftr-385	575	18	of	of	ADP
ftr-385	575	19	partners	partner	NOUN
ftr-385	575	20	8	8	NUM
ftr-385	575	21	,	,	PUNCT
ftr-385	575	22	30	30	NUM
ftr-385	575	23	,	,	PUNCT
ftr-385	575	24	53	53	NUM
ftr-385	575	25	(	(	PUNCT
ftr-385	575	26	1984	1984	NUM
ftr-385	575	27	)	)	PUNCT
ftr-385	575	28	.	.	PUNCT
ftr-385	576	1	107	107	NUM
ftr-385	576	2	.	.	PUNCT
ftr-385	577	1	see	see	VERB
ftr-385	577	2	i	i	PRON
ftr-385	577	3	d.	d.	PROPN
ftr-385	577	4	at	at	ADP
ftr-385	577	5	35	35	NUM
ftr-385	577	6	,	,	PUNCT
ftr-385	577	7	45	45	NUM
ftr-385	577	8	.	.	NOUN
ftr-385	577	9	108	108	NUM
ftr-385	577	10	.	.	PUNCT
ftr-385	578	1	i	i	PRON
ftr-385	578	2	d.	d.	PROPN
ftr-385	578	3	at	at	ADP
ftr-385	578	4	51	51	NUM
ftr-385	578	5	.	.	PUNCT
ftr-385	579	1	the	the	DET
ftr-385	579	2	imbalance	imbalance	NOUN
ftr-385	579	3	in	in	ADP
ftr-385	579	4	the	the	DET
ftr-385	579	5	partnership	partnership	NOUN
ftr-385	579	6	’s	’s	PART
ftr-385	579	7	balance	balance	NOUN
ftr-385	579	8	sheet	sheet	NOUN
ftr-385	579	9	reflects	reflect	VERB
ftr-385	579	10	the	the	DET
ftr-385	579	11	failure	failure	NOUN
ftr-385	579	12	to	to	PART
ftr-385	579	13	properly	properly	ADV
ftr-385	579	14	account	account	VERB
ftr-385	579	15	for	for	ADP
ftr-385	579	16	the	the	DET
ftr-385	579	17	shift	shift	NOUN
ftr-385	579	18	of	of	ADP
ftr-385	579	19	hot	hot	ADJ
ftr-385	579	20	and	and	CCONJ
ftr-385	579	21	cold	cold	ADJ
ftr-385	579	22	asset	asset	NOUN
ftr-385	579	23	gain	gain	NOUN
ftr-385	579	24	(	(	PUNCT
ftr-385	579	25	and	and	CCONJ
ftr-385	579	26	value	value	NOUN
ftr-385	579	27	)	)	PUNCT
ftr-385	579	28	.	.	PUNCT
ftr-385	580	1	c.	c.	NOUN
ftr-385	580	2	tension	tension	NOUN
ftr-385	580	3	between	between	ADP
ftr-385	580	4	§	§	PROPN
ftr-385	580	5	704(c	704(c	PROPN
ftr-385	580	6	)	)	PUNCT
ftr-385	580	7	approach	approach	NOUN
ftr-385	580	8	and	and	CCONJ
ftr-385	580	9	§	§	PROPN
ftr-385	580	10	751(b	751(b	PROPN
ftr-385	580	11	)	)	PUNCT
ftr-385	580	12	allowing	allow	VERB
ftr-385	580	13	reverse	reverse	ADJ
ftr-385	580	14	section	section	NOUN
ftr-385	580	15	704(c	704(c	PROPN
ftr-385	580	16	)	)	PUNCT
ftr-385	580	17	allocations	allocation	NOUN
ftr-385	580	18	to	to	PART
ftr-385	580	19	support	support	VERB
ftr-385	580	20	an	an	DET
ftr-385	580	21	unlimited	unlimited	ADJ
ftr-385	580	22	amount	amount	NOUN
ftr-385	580	23	of	of	ADP
ftr-385	580	24	hot	hot	ADJ
ftr-385	580	25	asset	asset	NOUN
ftr-385	580	26	gain	gain	NOUN
ftr-385	580	27	goes	go	VERB
ftr-385	580	28	well	well	ADV
ftr-385	580	29	beyond	beyond	ADP
ftr-385	580	30	a	a	DET
ftr-385	580	31	simple	simple	ADJ
ftr-385	580	32	“	"	PUNCT
ftr-385	580	33	fix	fix	NOUN
ftr-385	580	34	”	"	PUNCT
ftr-385	580	35	to	to	PART
ftr-385	580	36	improve	improve	VERB
ftr-385	580	37	the	the	DET
ftr-385	580	38	measurement	measurement	NOUN
ftr-385	580	39	of	of	ADP
ftr-385	580	40	hot	hot	ADJ
ftr-385	580	41	assets	asset	NOUN
ftr-385	580	42	shifts	shift	NOUN
ftr-385	580	43	.	.	PUNCT
ftr-385	581	1	except	except	SCONJ
ftr-385	581	2	in	in	ADP
ftr-385	581	3	the	the	DET
ftr-385	581	4	case	case	NOUN
ftr-385	581	5	of	of	ADP
ftr-385	581	6	current	current	ADJ
ftr-385	581	7	distributions	distribution	NOUN
ftr-385	581	8	of	of	ADP
ftr-385	581	9	excess	excess	ADJ
ftr-385	581	10	hot	hot	ADJ
ftr-385	581	11	assets	asset	NOUN
ftr-385	581	12	and	and	CCONJ
ftr-385	581	13	liquidating	liquidating	NOUN
ftr-385	581	14	distributions	distribution	NOUN
ftr-385	581	15	,	,	PUNCT
ftr-385	581	16	this	this	DET
ftr-385	581	17	approach	approach	NOUN
ftr-385	581	18	would	would	AUX
ftr-385	581	19	effectively	effectively	ADV
ftr-385	581	20	nullify	nullify	VERB
ftr-385	581	21	section	section	NOUN
ftr-385	581	22	751(b	751(b	PROPN
ftr-385	581	23	)	)	PUNCT
ftr-385	581	24	.	.	PUNCT
ftr-385	582	1	while	while	SCONJ
ftr-385	582	2	earlier	early	ADJ
ftr-385	582	3	proposals	proposal	NOUN
ftr-385	582	4	have	have	AUX
ftr-385	582	5	sought	seek	VERB
ftr-385	582	6	to	to	PART
ftr-385	582	7	limit	limit	VERB
ftr-385	582	8	section	section	NOUN
ftr-385	582	9	751(b	751(b	PROPN
ftr-385	582	10	)	)	PUNCT
ftr-385	582	11	to	to	ADP
ftr-385	582	12	liquidating	liquidating	NOUN
ftr-385	582	13	distributions	distribution	NOUN
ftr-385	582	14	or	or	CCONJ
ftr-385	582	15	tax	tax	NOUN
ftr-385	582	16	-	-	PUNCT
ftr-385	582	17	avoidance	avoidance	NOUN
ftr-385	582	18	situations	situation	NOUN
ftr-385	582	19	,	,	PUNCT
ftr-385	582	20	congress	congress	PROPN
ftr-385	582	21	has	have	AUX
ftr-385	582	22	thus	thus	ADV
ftr-385	582	23	far	far	ADV
ftr-385	582	24	retained	retain	VERB
ftr-385	582	25	section	section	NOUN
ftr-385	582	26	751(b	751(b	PROPN
ftr-385	582	27	)	)	PUNCT
ftr-385	582	28	.	.	PUNCT
ftr-385	583	1	for	for	ADP
ftr-385	583	2	example	example	NOUN
ftr-385	583	3	,	,	PUNCT
ftr-385	583	4	the	the	DET
ftr-385	583	5	1984	1984	NUM
ftr-385	583	6	ali	ali	PROPN
ftr-385	583	7	proposals105	proposals105	PROPN
ftr-385	583	8	advocated	advocate	VERB
ftr-385	583	9	the	the	DET
ftr-385	583	10	repeal	repeal	NOUN
ftr-385	583	11	of	of	ADP
ftr-385	583	12	section	section	NOUN
ftr-385	583	13	751(b	751(b	PROPN
ftr-385	583	14	)	)	PUNCT
ftr-385	583	15	and	and	CCONJ
ftr-385	583	16	sought	seek	VERB
ftr-385	583	17	to	to	PART
ftr-385	583	18	limit	limit	VERB
ftr-385	583	19	application	application	NOUN
ftr-385	583	20	of	of	ADP
ftr-385	583	21	section	section	NOUN
ftr-385	583	22	751(b	751(b	PROPN
ftr-385	583	23	)	)	PUNCT
ftr-385	583	24	concepts	concept	NOUN
ftr-385	583	25	to	to	PART
ftr-385	583	26	cash	cash	VERB
ftr-385	583	27	liquidating	liquidating	NOUN
ftr-385	583	28	distributions	distribution	NOUN
ftr-385	583	29	in	in	ADP
ftr-385	583	30	which	which	PRON
ftr-385	583	31	the	the	DET
ftr-385	583	32	distributee	distributee	NOUN
ftr-385	583	33	would	would	AUX
ftr-385	583	34	be	be	AUX
ftr-385	583	35	treated	treat	VERB
ftr-385	583	36	as	as	SCONJ
ftr-385	583	37	if	if	SCONJ
ftr-385	583	38	she	she	PRON
ftr-385	583	39	had	have	AUX
ftr-385	583	40	disposed	dispose	VERB
ftr-385	583	41	of	of	ADP
ftr-385	583	42	her	her	PRON
ftr-385	583	43	share	share	NOUN
ftr-385	583	44	of	of	ADP
ftr-385	583	45	the	the	DET
ftr-385	583	46	underlying	underlie	VERB
ftr-385	583	47	partnership	partnership	NOUN
ftr-385	583	48	assets	asset	NOUN
ftr-385	583	49	in	in	ADP
ftr-385	583	50	a	a	DET
ftr-385	583	51	fully	fully	ADV
ftr-385	583	52	taxable	taxable	ADJ
ftr-385	583	53	sale	sale	NOUN
ftr-385	583	54	.	.	PUNCT
ftr-385	584	1	with	with	ADP
ftr-385	584	2	respect	respect	NOUN
ftr-385	584	3	to	to	ADP
ftr-385	584	4	many	many	ADJ
ftr-385	584	5	common	common	ADJ
ftr-385	584	6	types	type	NOUN
ftr-385	584	7	of106	of106	NOUN
ftr-385	584	8	partnership	partnership	NOUN
ftr-385	584	9	distributions	distribution	NOUN
ftr-385	584	10	,	,	PUNCT
ftr-385	584	11	the	the	DET
ftr-385	584	12	1984	1984	NUM
ftr-385	584	13	ali	ali	PROPN
ftr-385	584	14	proposals	proposal	NOUN
ftr-385	584	15	resulted	result	VERB
ftr-385	584	16	in	in	ADP
ftr-385	584	17	substantially	substantially	ADV
ftr-385	584	18	less	less	ADJ
ftr-385	584	19	than	than	ADP
ftr-385	584	20	full	full	ADJ
ftr-385	584	21	fragmentation	fragmentation	NOUN
ftr-385	584	22	.	.	PUNCT
ftr-385	585	1	thus	thus	ADV
ftr-385	585	2	,	,	PUNCT
ftr-385	585	3	full	full	ADJ
ftr-385	585	4	fragmentation	fragmentation	NOUN
ftr-385	585	5	was	be	AUX
ftr-385	585	6	not	not	PART
ftr-385	585	7	required	require	VERB
ftr-385	585	8	for	for	ADP
ftr-385	585	9	(	(	PUNCT
ftr-385	585	10	1	1	X
ftr-385	585	11	)	)	PUNCT
ftr-385	585	12	any	any	DET
ftr-385	585	13	distribution	distribution	NOUN
ftr-385	585	14	of	of	ADP
ftr-385	585	15	cash	cash	NOUN
ftr-385	585	16	in	in	ADP
ftr-385	585	17	partial	partial	ADJ
ftr-385	585	18	liquidation	liquidation	NOUN
ftr-385	585	19	of	of	ADP
ftr-385	585	20	a	a	DET
ftr-385	585	21	partner	partner	NOUN
ftr-385	585	22	’s	’s	PART
ftr-385	585	23	partnership	partnership	NOUN
ftr-385	585	24	interest	interest	NOUN
ftr-385	585	25	,	,	PUNCT
ftr-385	585	26	or	or	CCONJ
ftr-385	585	27	(	(	PUNCT
ftr-385	585	28	2	2	X
ftr-385	585	29	)	)	PUNCT
ftr-385	585	30	any	any	DET
ftr-385	585	31	current	current	ADJ
ftr-385	585	32	or	or	CCONJ
ftr-385	585	33	liquidating	liquidate	VERB
ftr-385	585	34	distribution	distribution	NOUN
ftr-385	585	35	in	in	ADP
ftr-385	585	36	which	which	PRON
ftr-385	585	37	the	the	DET
ftr-385	585	38	distributee	distributee	NOUN
ftr-385	585	39	received	receive	VERB
ftr-385	585	40	both	both	CCONJ
ftr-385	585	41	cash	cash	NOUN
ftr-385	585	42	and	and	CCONJ
ftr-385	585	43	other	other	ADJ
ftr-385	585	44	cold	cold	ADJ
ftr-385	585	45	assets	asset	NOUN
ftr-385	585	46	(	(	PUNCT
ftr-385	585	47	or	or	CCONJ
ftr-385	585	48	solely	solely	ADV
ftr-385	585	49	cold	cold	ADJ
ftr-385	585	50	assets).107	assets).107	PROPN
ftr-385	585	51	importantly	importantly	ADV
ftr-385	585	52	,	,	PUNCT
ftr-385	585	53	the	the	DET
ftr-385	585	54	1984	1984	NUM
ftr-385	585	55	ali	ali	PROPN
ftr-385	585	56	proposals	proposal	NOUN
ftr-385	585	57	were	be	AUX
ftr-385	585	58	directed	direct	VERB
ftr-385	585	59	toward	toward	ADP
ftr-385	585	60	legislative	legislative	ADJ
ftr-385	585	61	reform	reform	NOUN
ftr-385	585	62	of	of	ADP
ftr-385	585	63	section	section	NOUN
ftr-385	585	64	751(b	751(b	PROPN
ftr-385	585	65	)	)	PUNCT
ftr-385	585	66	,	,	PUNCT
ftr-385	585	67	not	not	PART
ftr-385	585	68	revision	revision	NOUN
ftr-385	585	69	of	of	ADP
ftr-385	585	70	the	the	DET
ftr-385	585	71	statute	statute	NOUN
ftr-385	585	72	through	through	ADP
ftr-385	585	73	treasury	treasury	NOUN
ftr-385	585	74	regulations	regulation	NOUN
ftr-385	585	75	.	.	PUNCT
ftr-385	586	1	the	the	DET
ftr-385	586	2	1984	1984	NUM
ftr-385	586	3	ali	ali	PROPN
ftr-385	586	4	proposals	proposal	NOUN
ftr-385	586	5	urged	urge	VERB
ftr-385	586	6	repeal	repeal	NOUN
ftr-385	586	7	of	of	ADP
ftr-385	586	8	section	section	NOUN
ftr-385	586	9	751(b	751(b	PROPN
ftr-385	586	10	)	)	PUNCT
ftr-385	586	11	on	on	ADP
ftr-385	586	12	the	the	DET
ftr-385	586	13	ground	ground	NOUN
ftr-385	586	14	that	that	SCONJ
ftr-385	586	15	“	"	PUNCT
ftr-385	586	16	it	it	PRON
ftr-385	586	17	is	be	AUX
ftr-385	586	18	extraordinarily	extraordinarily	ADV
ftr-385	586	19	complex	complex	ADJ
ftr-385	586	20	”	"	PUNCT
ftr-385	586	21	and	and	CCONJ
ftr-385	586	22	“	"	PUNCT
ftr-385	586	23	produces	produce	VERB
ftr-385	586	24	too	too	ADV
ftr-385	586	25	harsh	harsh	ADJ
ftr-385	586	26	a	a	DET
ftr-385	586	27	result	result	NOUN
ftr-385	586	28	for	for	ADP
ftr-385	586	29	the	the	DET
ftr-385	586	30	policy	policy	NOUN
ftr-385	586	31	that	that	PRON
ftr-385	586	32	it	it	PRON
ftr-385	586	33	is	be	AUX
ftr-385	586	34	intended	intend	VERB
ftr-385	586	35	to	to	PART
ftr-385	586	36	enforce	enforce	VERB
ftr-385	586	37	.	.	PUNCT
ftr-385	586	38	”	"	PUNCT
ftr-385	587	1	if	if	SCONJ
ftr-385	587	2	the	the	DET
ftr-385	587	3	only	only	ADJ
ftr-385	587	4	purpose	purpose	NOUN
ftr-385	587	5	of	of	ADP
ftr-385	587	6	making	make	VERB
ftr-385	587	7	the108	the108	PROPN
ftr-385	587	8	section	section	NOUN
ftr-385	587	9	751(b	751(b	PROPN
ftr-385	587	10	)	)	PUNCT
ftr-385	587	11	exchange	exchange	NOUN
ftr-385	587	12	taxable	taxable	ADJ
ftr-385	587	13	was	be	AUX
ftr-385	587	14	to	to	PART
ftr-385	587	15	prevent	prevent	VERB
ftr-385	587	16	income	income	NOUN
ftr-385	587	17	-	-	PUNCT
ftr-385	587	18	shifting	shifting	NOUN
ftr-385	587	19	,	,	PUNCT
ftr-385	587	20	the	the	DET
ftr-385	587	21	ali	ali	PROPN
ftr-385	587	22	reasoned	reason	VERB
ftr-385	587	23	that	that	SCONJ
ftr-385	587	24	this	this	DET
ftr-385	587	25	purpose	purpose	NOUN
ftr-385	587	26	might	might	AUX
ftr-385	587	27	have	have	AUX
ftr-385	587	28	been	be	AUX
ftr-385	587	29	accomplished	accomplish	VERB
ftr-385	587	30	by	by	ADP
ftr-385	587	31	“	"	PUNCT
ftr-385	587	32	tainting	tainting	PROPN
ftr-385	587	33	”	"	PUNCT
ftr-385	587	34	the	the	DET
ftr-385	587	35	2007	2007	NUM
ftr-385	587	36	]	]	PUNCT
ftr-385	587	37	taxing	tax	VERB
ftr-385	587	38	hot	hot	ADJ
ftr-385	587	39	asset	asset	NOUN
ftr-385	587	40	shifts	shift	NOUN
ftr-385	587	41	357	357	NUM
ftr-385	587	42	109	109	NUM
ftr-385	587	43	.	.	PUNCT
ftr-385	588	1	see	see	VERB
ftr-385	588	2	i	i	PRON
ftr-385	588	3	d.	d.	PROPN
ftr-385	588	4	at	at	ADP
ftr-385	588	5	50	50	NUM
ftr-385	588	6	.	.	PUNCT
ftr-385	589	1	the	the	DET
ftr-385	589	2	ali	ali	PROPN
ftr-385	589	3	proposals	proposal	NOUN
ftr-385	589	4	emphasized	emphasize	VERB
ftr-385	589	5	that	that	SCONJ
ftr-385	589	6	“	"	PUNCT
ftr-385	589	7	the	the	DET
ftr-385	589	8	purpose	purpose	NOUN
ftr-385	589	9	of	of	ADP
ftr-385	589	10	[	[	X
ftr-385	589	11	§	§	PROPN
ftr-385	589	12	751(b	751(b	PROPN
ftr-385	589	13	)	)	PUNCT
ftr-385	589	14	]	]	PUNCT
ftr-385	589	15	is	be	AUX
ftr-385	589	16	not	not	PART
ftr-385	589	17	to	to	PART
ftr-385	589	18	impose	impose	VERB
ftr-385	589	19	a	a	DET
ftr-385	589	20	tax	tax	NOUN
ftr-385	589	21	merely	merely	ADV
ftr-385	589	22	because	because	SCONJ
ftr-385	589	23	a	a	DET
ftr-385	589	24	partner	partner	NOUN
ftr-385	589	25	is	be	AUX
ftr-385	589	26	exchanging	exchange	VERB
ftr-385	589	27	an	an	DET
ftr-385	589	28	interest	interest	NOUN
ftr-385	589	29	in	in	ADP
ftr-385	589	30	one	one	NUM
ftr-385	589	31	asset	asset	NOUN
ftr-385	589	32	for	for	ADP
ftr-385	589	33	an	an	DET
ftr-385	589	34	interest	interest	NOUN
ftr-385	589	35	in	in	ADP
ftr-385	589	36	another	another	DET
ftr-385	589	37	asset	asset	NOUN
ftr-385	589	38	.	.	PUNCT
ftr-385	589	39	”	"	PUNCT
ftr-385	590	1	i	i	PRON
ftr-385	590	2	d.	d.	PROPN
ftr-385	590	3	110	110	NUM
ftr-385	590	4	.	.	PUNCT
ftr-385	591	1	see	see	VERB
ftr-385	591	2	,	,	PUNCT
ftr-385	591	3	e.g.	e.g.	ADV
ftr-385	591	4	,	,	PUNCT
ftr-385	591	5	william	william	PROPN
ftr-385	591	6	b.	b.	PROPN
ftr-385	591	7	brannan	brannan	PROPN
ftr-385	591	8	,	,	PUNCT
ftr-385	591	9	the	the	DET
ftr-385	591	10	subchapter	subchapter	NOUN
ftr-385	591	11	k	k	PROPN
ftr-385	591	12	reform	reform	PROPN
ftr-385	591	13	act	act	NOUN
ftr-385	591	14	of	of	ADP
ftr-385	591	15	1997	1997	NUM
ftr-385	591	16	,	,	PUNCT
ftr-385	591	17	75	75	NUM
ftr-385	591	18	tax	tax	NOUN
ftr-385	591	19	notes	note	NOUN
ftr-385	591	20	121	121	NUM
ftr-385	591	21	,	,	PUNCT
ftr-385	591	22	135	135	NUM
ftr-385	591	23	-	-	SYM
ftr-385	591	24	36	36	NUM
ftr-385	591	25	(	(	PUNCT
ftr-385	591	26	1997	1997	NUM
ftr-385	591	27	)	)	PUNCT
ftr-385	591	28	(	(	PUNCT
ftr-385	591	29	treating	treat	VERB
ftr-385	591	30	a	a	DET
ftr-385	591	31	disproportionate	disproportionate	ADJ
ftr-385	591	32	distribution	distribution	NOUN
ftr-385	591	33	as	as	ADP
ftr-385	591	34	a	a	DET
ftr-385	591	35	taxable	taxable	ADJ
ftr-385	591	36	event	event	NOUN
ftr-385	591	37	only	only	ADV
ftr-385	591	38	if	if	SCONJ
ftr-385	591	39	it	it	PRON
ftr-385	591	40	“	"	PUNCT
ftr-385	591	41	significantly	significantly	ADV
ftr-385	591	42	”	"	PUNCT
ftr-385	591	43	shifted	shift	VERB
ftr-385	591	44	potential	potential	ADJ
ftr-385	591	45	ordinary	ordinary	ADJ
ftr-385	591	46	income	income	NOUN
ftr-385	591	47	and	and	CCONJ
ftr-385	591	48	had	have	VERB
ftr-385	591	49	a	a	DET
ftr-385	591	50	“	"	PUNCT
ftr-385	591	51	principal	principal	ADJ
ftr-385	591	52	purpose	purpose	NOUN
ftr-385	591	53	”	"	PUNCT
ftr-385	591	54	of	of	ADP
ftr-385	591	55	tax	tax	NOUN
ftr-385	591	56	avoidance	avoidance	NOUN
ftr-385	591	57	)	)	PUNCT
ftr-385	591	58	.	.	PUNCT
ftr-385	592	1	111	111	NUM
ftr-385	592	2	.	.	PUNCT
ftr-385	593	1	for	for	ADP
ftr-385	593	2	an	an	DET
ftr-385	593	3	analysis	analysis	NOUN
ftr-385	593	4	of	of	ADP
ftr-385	593	5	the	the	DET
ftr-385	593	6	clinton	clinton	PROPN
ftr-385	593	7	administration	administration	PROPN
ftr-385	593	8	’s	’s	PART
ftr-385	593	9	proposals	proposal	NOUN
ftr-385	593	10	to	to	PART
ftr-385	593	11	require	require	VERB
ftr-385	593	12	partial	partial	ADJ
ftr-385	593	13	liquidation	liquidation	NOUN
ftr-385	593	14	treatment	treatment	NOUN
ftr-385	593	15	and	and	CCONJ
ftr-385	593	16	mandatory	mandatory	ADJ
ftr-385	593	17	§	§	PROPN
ftr-385	593	18	734(b	734(b	PROPN
ftr-385	593	19	)	)	PUNCT
ftr-385	593	20	adjustments	adjustment	NOUN
ftr-385	593	21	,	,	PUNCT
ftr-385	593	22	see	see	VERB
ftr-385	593	23	karen	karen	PROPN
ftr-385	593	24	c.	c.	PROPN
ftr-385	593	25	burke	burke	PROPN
ftr-385	593	26	,	,	PUNCT
ftr-385	593	27	reassessing	reassess	VERB
ftr-385	593	28	the	the	DET
ftr-385	593	29	administration	administration	NOUN
ftr-385	593	30	’s	’s	PART
ftr-385	593	31	proposals	proposal	NOUN
ftr-385	593	32	for	for	ADP
ftr-385	593	33	reform	reform	NOUN
ftr-385	593	34	of	of	ADP
ftr-385	593	35	subchapter	subchapter	NOUN
ftr-385	593	36	k	k	PROPN
ftr-385	593	37	,	,	PUNCT
ftr-385	593	38	86	86	NUM
ftr-385	593	39	tax	tax	NOUN
ftr-385	593	40	notes	note	NOUN
ftr-385	593	41	1423	1423	NUM
ftr-385	593	42	(	(	PUNCT
ftr-385	593	43	mar	mar	PROPN
ftr-385	593	44	.	.	PROPN
ftr-385	593	45	6	6	NUM
ftr-385	593	46	,	,	PUNCT
ftr-385	593	47	2000	2000	NUM
ftr-385	593	48	)	)	PUNCT
ftr-385	593	49	;	;	PUNCT
ftr-385	593	50	ernst	ernst	PROPN
ftr-385	593	51	&	&	CCONJ
ftr-385	593	52	young	young	PROPN
ftr-385	593	53	llp	llp	PROPN
ftr-385	593	54	,	,	PUNCT
ftr-385	593	55	analysis	analysis	NOUN
ftr-385	593	56	of	of	ADP
ftr-385	593	57	the	the	DET
ftr-385	593	58	administration	administration	NOUN
ftr-385	593	59	’s	’s	PART
ftr-385	593	60	partnership	partnership	NOUN
ftr-385	593	61	proposals	proposal	NOUN
ftr-385	593	62	,	,	PUNCT
ftr-385	593	63	84	84	NUM
ftr-385	593	64	tax	tax	NOUN
ftr-385	593	65	notes	note	NOUN
ftr-385	593	66	103	103	NUM
ftr-385	593	67	(	(	PUNCT
ftr-385	593	68	july	july	PROPN
ftr-385	593	69	5	5	NUM
ftr-385	593	70	,	,	PUNCT
ftr-385	593	71	1999	1999	NUM
ftr-385	593	72	)	)	PUNCT
ftr-385	593	73	.	.	PUNCT
ftr-385	594	1	112	112	NUM
ftr-385	594	2	.	.	PUNCT
ftr-385	595	1	thus	thus	ADV
ftr-385	595	2	,	,	PUNCT
ftr-385	595	3	the	the	DET
ftr-385	595	4	abc	abc	PROPN
ftr-385	595	5	partnership	partnership	NOUN
ftr-385	595	6	has	have	VERB
ftr-385	595	7	cash	cash	NOUN
ftr-385	595	8	of	of	ADP
ftr-385	595	9	$	$	SYM
ftr-385	595	10	120	120	NUM
ftr-385	595	11	(	(	PUNCT
ftr-385	595	12	rather	rather	ADV
ftr-385	595	13	than	than	ADP
ftr-385	595	14	$	$	SYM
ftr-385	595	15	60	60	NUM
ftr-385	595	16	)	)	PUNCT
ftr-385	595	17	and	and	CCONJ
ftr-385	595	18	the	the	DET
ftr-385	595	19	following	follow	VERB
ftr-385	595	20	predistribution	predistribution	NOUN
ftr-385	595	21	balance	balance	NOUN
ftr-385	595	22	sheet	sheet	NOUN
ftr-385	595	23	:	:	PUNCT
ftr-385	595	24	assets	asset	NOUN
ftr-385	595	25	basis	basis	NOUN
ftr-385	595	26	value	value	NOUN
ftr-385	595	27	capital	capital	NOUN
ftr-385	595	28	tax	tax	NOUN
ftr-385	595	29	value	value	NOUN
ftr-385	595	30	cash	cash	NOUN
ftr-385	595	31	$	$	SYM
ftr-385	595	32	120	120	NUM
ftr-385	595	33	$	$	SYM
ftr-385	595	34	120	120	NUM
ftr-385	595	35	a	a	DET
ftr-385	595	36	$	$	SYM
ftr-385	595	37	110	110	NUM
ftr-385	595	38	$	$	SYM
ftr-385	595	39	180	180	NUM
ftr-385	595	40	land	land	NOUN
ftr-385	595	41	180	180	NUM
ftr-385	595	42	300	300	NUM
ftr-385	595	43	b	b	NUM
ftr-385	595	44	110	110	NUM
ftr-385	595	45	180	180	NUM
ftr-385	595	46	receivables	receivables	NOUN
ftr-385	595	47	30	30	NUM
ftr-385	595	48	120	120	NUM
ftr-385	595	49	c	c	NOUN
ftr-385	595	50	110	110	NUM
ftr-385	595	51	180	180	NUM
ftr-385	595	52	total	total	ADJ
ftr-385	595	53	$	$	SYM
ftr-385	595	54	330	330	NUM
ftr-385	595	55	$	$	SYM
ftr-385	595	56	540	540	NUM
ftr-385	595	57	total	total	NOUN
ftr-385	595	58	$	$	SYM
ftr-385	595	59	330	330	NUM
ftr-385	595	60	$	$	SYM
ftr-385	595	61	540	540	NUM
ftr-385	595	62	distributed	distribute	VERB
ftr-385	595	63	(	(	PUNCT
ftr-385	595	64	or	or	CCONJ
ftr-385	595	65	retained	retain	VERB
ftr-385	595	66	)	)	PUNCT
ftr-385	595	67	property	property	NOUN
ftr-385	595	68	.	.	PUNCT
ftr-385	596	1	during	during	ADP
ftr-385	596	2	the	the	DET
ftr-385	596	3	1990	1990	NUM
ftr-385	596	4	's	's	PART
ftr-385	596	5	,	,	PUNCT
ftr-385	596	6	proposals	proposal	NOUN
ftr-385	596	7	again109	again109	PROPN
ftr-385	596	8	resurfaced	resurface	VERB
ftr-385	596	9	to	to	ADP
ftr-385	596	10	repeal	repeal	NOUN
ftr-385	596	11	section	section	NOUN
ftr-385	596	12	751(b	751(b	PROPN
ftr-385	596	13	)	)	PUNCT
ftr-385	596	14	outright	outright	ADV
ftr-385	596	15	or	or	CCONJ
ftr-385	596	16	retain	retain	VERB
ftr-385	596	17	the	the	DET
ftr-385	596	18	provision	provision	NOUN
ftr-385	596	19	only	only	ADV
ftr-385	596	20	as	as	ADP
ftr-385	596	21	an	an	DET
ftr-385	596	22	anti	anti	ADJ
ftr-385	596	23	-	-	ADJ
ftr-385	596	24	abuse	abuse	ADJ
ftr-385	596	25	rule	rule	NOUN
ftr-385	596	26	.	.	PUNCT
ftr-385	597	1	these	these	DET
ftr-385	597	2	proposals	proposal	NOUN
ftr-385	597	3	contrast	contrast	VERB
ftr-385	597	4	starkly	starkly	ADV
ftr-385	597	5	with	with	ADP
ftr-385	597	6	more	more	ADJ
ftr-385	597	7	fundamental110	fundamental110	PROPN
ftr-385	597	8	reform	reform	NOUN
ftr-385	597	9	of	of	ADP
ftr-385	597	10	subchapter	subchapter	NOUN
ftr-385	597	11	k	k	PROPN
ftr-385	597	12	,	,	PUNCT
ftr-385	597	13	along	along	ADP
ftr-385	597	14	the	the	DET
ftr-385	597	15	lines	line	NOUN
ftr-385	597	16	of	of	ADP
ftr-385	597	17	the	the	DET
ftr-385	597	18	andrews	andrews	PROPN
ftr-385	597	19	proposals	proposal	NOUN
ftr-385	597	20	,	,	PUNCT
ftr-385	597	21	that	that	PRON
ftr-385	597	22	would	would	AUX
ftr-385	597	23	require	require	VERB
ftr-385	597	24	partial	partial	ADJ
ftr-385	597	25	liquidation	liquidation	NOUN
ftr-385	597	26	treatment	treatment	NOUN
ftr-385	597	27	and	and	CCONJ
ftr-385	597	28	mandatory	mandatory	ADJ
ftr-385	597	29	basis	basis	NOUN
ftr-385	597	30	reallocation.111	reallocation.111	NOUN
ftr-385	597	31	the	the	DET
ftr-385	597	32	tension	tension	NOUN
ftr-385	597	33	between	between	ADP
ftr-385	597	34	reverse	reverse	ADJ
ftr-385	597	35	section	section	NOUN
ftr-385	597	36	704(c	704(c	NOUN
ftr-385	597	37	)	)	PUNCT
ftr-385	597	38	allocations	allocation	NOUN
ftr-385	597	39	and	and	CCONJ
ftr-385	597	40	section	section	NOUN
ftr-385	597	41	751(b	751(b	PROPN
ftr-385	597	42	)	)	PUNCT
ftr-385	597	43	reflects	reflect	VERB
ftr-385	597	44	the	the	DET
ftr-385	597	45	failure	failure	NOUN
ftr-385	597	46	of	of	ADP
ftr-385	597	47	subchapter	subchapter	NOUN
ftr-385	597	48	k	k	PROPN
ftr-385	597	49	to	to	PART
ftr-385	597	50	treat	treat	VERB
ftr-385	597	51	a	a	DET
ftr-385	597	52	disproportionate	disproportionate	ADJ
ftr-385	597	53	distribution	distribution	NOUN
ftr-385	597	54	as	as	ADP
ftr-385	597	55	a	a	DET
ftr-385	597	56	partial	partial	ADJ
ftr-385	597	57	liquidation	liquidation	NOUN
ftr-385	597	58	of	of	ADP
ftr-385	597	59	the	the	DET
ftr-385	597	60	distributee	distributee	NOUN
ftr-385	597	61	’s	’s	PART
ftr-385	597	62	interest	interest	NOUN
ftr-385	597	63	,	,	PUNCT
ftr-385	597	64	requiring	require	VERB
ftr-385	597	65	either	either	CCONJ
ftr-385	597	66	immediate	immediate	ADJ
ftr-385	597	67	gain	gain	NOUN
ftr-385	597	68	recognition	recognition	NOUN
ftr-385	597	69	or	or	CCONJ
ftr-385	597	70	reallocation	reallocation	NOUN
ftr-385	597	71	of	of	ADP
ftr-385	597	72	inside	inside	ADJ
ftr-385	597	73	basis	basis	NOUN
ftr-385	597	74	to	to	PART
ftr-385	597	75	preserve	preserve	VERB
ftr-385	597	76	existing	exist	VERB
ftr-385	597	77	shares	share	NOUN
ftr-385	597	78	of	of	ADP
ftr-385	597	79	unrealized	unrealized	ADJ
ftr-385	597	80	appreciation	appreciation	NOUN
ftr-385	597	81	.	.	PUNCT
ftr-385	598	1	while	while	SCONJ
ftr-385	598	2	section	section	NOUN
ftr-385	598	3	704(c	704(c	PROPN
ftr-385	598	4	)	)	PUNCT
ftr-385	598	5	is	be	AUX
ftr-385	598	6	designed	design	VERB
ftr-385	598	7	to	to	PART
ftr-385	598	8	deal	deal	VERB
ftr-385	598	9	with	with	ADP
ftr-385	598	10	the	the	DET
ftr-385	598	11	problem	problem	NOUN
ftr-385	598	12	of	of	ADP
ftr-385	598	13	income	income	NOUN
ftr-385	598	14	-	-	PUNCT
ftr-385	598	15	shifting	shift	VERB
ftr-385	598	16	on	on	ADP
ftr-385	598	17	a	a	DET
ftr-385	598	18	contribution	contribution	NOUN
ftr-385	598	19	of	of	ADP
ftr-385	598	20	partnership	partnership	NOUN
ftr-385	598	21	property	property	NOUN
ftr-385	598	22	,	,	PUNCT
ftr-385	598	23	a	a	DET
ftr-385	598	24	distribution	distribution	NOUN
ftr-385	598	25	in	in	ADP
ftr-385	598	26	partial	partial	ADJ
ftr-385	598	27	liquidation	liquidation	NOUN
ftr-385	598	28	of	of	ADP
ftr-385	598	29	a	a	DET
ftr-385	598	30	partner	partner	NOUN
ftr-385	598	31	’s	’s	PART
ftr-385	598	32	interest	interest	NOUN
ftr-385	598	33	removes	remove	VERB
ftr-385	598	34	both	both	DET
ftr-385	598	35	value	value	NOUN
ftr-385	598	36	and	and	CCONJ
ftr-385	598	37	unrealized	unrealized	ADJ
ftr-385	598	38	appreciation	appreciation	NOUN
ftr-385	598	39	from	from	ADP
ftr-385	598	40	the	the	DET
ftr-385	598	41	partnership	partnership	NOUN
ftr-385	598	42	.	.	PUNCT
ftr-385	599	1	thus	thus	ADV
ftr-385	599	2	,	,	PUNCT
ftr-385	599	3	preserving	preserve	VERB
ftr-385	599	4	shares	share	NOUN
ftr-385	599	5	of	of	ADP
ftr-385	599	6	unrealized	unrealized	ADJ
ftr-385	599	7	appreciation	appreciation	NOUN
ftr-385	599	8	may	may	AUX
ftr-385	599	9	no	no	ADV
ftr-385	599	10	longer	long	ADV
ftr-385	599	11	be	be	AUX
ftr-385	599	12	possible	possible	ADJ
ftr-385	599	13	because	because	SCONJ
ftr-385	599	14	the	the	DET
ftr-385	599	15	partnership	partnership	NOUN
ftr-385	599	16	’s	’s	PART
ftr-385	599	17	retained	retain	VERB
ftr-385	599	18	assets	asset	NOUN
ftr-385	599	19	lack	lack	VERB
ftr-385	599	20	sufficient	sufficient	ADJ
ftr-385	599	21	unrealized	unrealized	ADJ
ftr-385	599	22	appreciation	appreciation	NOUN
ftr-385	599	23	or	or	CCONJ
ftr-385	599	24	the	the	DET
ftr-385	599	25	distributee	distributee	NOUN
ftr-385	599	26	retains	retain	VERB
ftr-385	599	27	an	an	DET
ftr-385	599	28	insufficient	insufficient	ADJ
ftr-385	599	29	interest	interest	NOUN
ftr-385	599	30	in	in	ADP
ftr-385	599	31	partnership	partnership	NOUN
ftr-385	599	32	capital	capital	NOUN
ftr-385	599	33	.	.	PUNCT
ftr-385	600	1	in	in	ADP
ftr-385	600	2	these	these	DET
ftr-385	600	3	situations	situation	NOUN
ftr-385	600	4	,	,	PUNCT
ftr-385	600	5	the	the	DET
ftr-385	600	6	regulatory	regulatory	ADJ
ftr-385	600	7	concept	concept	NOUN
ftr-385	600	8	of	of	ADP
ftr-385	600	9	reverse	reverse	ADJ
ftr-385	600	10	section	section	NOUN
ftr-385	600	11	704(c	704(c	PROPN
ftr-385	600	12	)	)	PUNCT
ftr-385	600	13	principles	principle	NOUN
ftr-385	600	14	should	should	AUX
ftr-385	600	15	give	give	VERB
ftr-385	600	16	way	way	NOUN
ftr-385	600	17	to	to	ADP
ftr-385	600	18	the	the	DET
ftr-385	600	19	specific	specific	ADJ
ftr-385	600	20	statutory	statutory	ADJ
ftr-385	600	21	requirements	requirement	NOUN
ftr-385	600	22	of	of	ADP
ftr-385	600	23	section	section	NOUN
ftr-385	600	24	751(b	751(b	PROPN
ftr-385	600	25	)	)	PUNCT
ftr-385	600	26	.	.	PUNCT
ftr-385	601	1	nevertheless	nevertheless	ADV
ftr-385	601	2	,	,	PUNCT
ftr-385	601	3	section	section	NOUN
ftr-385	601	4	751(b	751(b	PROPN
ftr-385	601	5	)	)	PUNCT
ftr-385	601	6	may	may	AUX
ftr-385	601	7	appear	appear	VERB
ftr-385	601	8	to	to	PART
ftr-385	601	9	tax	tax	VERB
ftr-385	601	10	hot	hot	ADJ
ftr-385	601	11	asset	asset	NOUN
ftr-385	601	12	gain	gain	NOUN
ftr-385	601	13	needlessly	needlessly	ADV
ftr-385	601	14	to	to	ADP
ftr-385	601	15	a	a	DET
ftr-385	601	16	distributee	distributee	NOUN
ftr-385	601	17	who	who	PRON
ftr-385	601	18	receives	receive	VERB
ftr-385	601	19	a	a	DET
ftr-385	601	20	current	current	ADJ
ftr-385	601	21	distribution	distribution	NOUN
ftr-385	601	22	of	of	ADP
ftr-385	601	23	excess	excess	ADJ
ftr-385	601	24	cold	cold	ADJ
ftr-385	601	25	asset	asset	NOUN
ftr-385	601	26	gain	gain	NOUN
ftr-385	601	27	and	and	CCONJ
ftr-385	601	28	retains	retain	VERB
ftr-385	601	29	a	a	DET
ftr-385	601	30	positive	positive	ADJ
ftr-385	601	31	share	share	NOUN
ftr-385	601	32	of	of	ADP
ftr-385	601	33	inside	inside	ADJ
ftr-385	601	34	basis	basis	NOUN
ftr-385	601	35	.	.	PUNCT
ftr-385	602	1	in	in	ADP
ftr-385	602	2	example	example	NOUN
ftr-385	602	3	(	(	PUNCT
ftr-385	602	4	5	5	NUM
ftr-385	602	5	)	)	PUNCT
ftr-385	602	6	,	,	PUNCT
ftr-385	602	7	assume	assume	VERB
ftr-385	602	8	that	that	SCONJ
ftr-385	602	9	,	,	PUNCT
ftr-385	602	10	prior	prior	ADV
ftr-385	602	11	to	to	ADP
ftr-385	602	12	the	the	DET
ftr-385	602	13	distribution	distribution	NOUN
ftr-385	602	14	of	of	ADP
ftr-385	602	15	land	land	NOUN
ftr-385	602	16	to	to	ADP
ftr-385	602	17	c	c	NOUN
ftr-385	602	18	,	,	PUNCT
ftr-385	602	19	each	each	DET
ftr-385	602	20	partner	partner	NOUN
ftr-385	602	21	’s	’s	PART
ftr-385	602	22	tax	tax	NOUN
ftr-385	602	23	capital	capital	NOUN
ftr-385	602	24	account	account	NOUN
ftr-385	602	25	(	(	PUNCT
ftr-385	602	26	and	and	CCONJ
ftr-385	602	27	outside	outside	ADJ
ftr-385	602	28	basis	basis	NOUN
ftr-385	602	29	)	)	PUNCT
ftr-385	602	30	is	be	AUX
ftr-385	602	31	$	$	SYM
ftr-385	602	32	110	110	NUM
ftr-385	602	33	(	(	PUNCT
ftr-385	602	34	rather	rather	ADV
ftr-385	602	35	than	than	ADP
ftr-385	602	36	$	$	SYM
ftr-385	602	37	90	90	NUM
ftr-385	602	38	)	)	PUNCT
ftr-385	602	39	and	and	CCONJ
ftr-385	602	40	the	the	DET
ftr-385	602	41	value	value	NOUN
ftr-385	602	42	of	of	ADP
ftr-385	602	43	each	each	DET
ftr-385	602	44	partner	partner	NOUN
ftr-385	602	45	’s	’s	PART
ftr-385	602	46	interest	interest	NOUN
ftr-385	602	47	is	be	AUX
ftr-385	602	48	$	$	SYM
ftr-385	602	49	180	180	NUM
ftr-385	602	50	(	(	PUNCT
ftr-385	602	51	rather	rather	ADV
ftr-385	602	52	than	than	ADP
ftr-385	602	53	$	$	SYM
ftr-385	602	54	160	160	NUM
ftr-385	602	55	)	)	PUNCT
ftr-385	602	56	.	.	PUNCT
ftr-385	603	1	the	the	DET
ftr-385	603	2	unrealized	unrealized	ADJ
ftr-385	603	3	hot	hot	ADJ
ftr-385	603	4	and	and	CCONJ
ftr-385	603	5	cold	cold	ADJ
ftr-385	603	6	asset	asset	NOUN
ftr-385	603	7	gain112	gain112	PROPN
ftr-385	603	8	358	358	NUM
ftr-385	603	9	florida	florida	PROPN
ftr-385	603	10	tax	tax	NOUN
ftr-385	603	11	review	review	NOUN
ftr-385	603	12	[	[	X
ftr-385	603	13	vol.8:3	vol.8:3	NOUN
ftr-385	603	14	113	113	NUM
ftr-385	603	15	.	.	PUNCT
ftr-385	604	1	the	the	DET
ftr-385	604	2	abc	abc	PROPN
ftr-385	604	3	partnership	partnership	PROPN
ftr-385	604	4	would	would	AUX
ftr-385	604	5	have	have	VERB
ftr-385	604	6	the	the	DET
ftr-385	604	7	following	follow	VERB
ftr-385	604	8	post	post	ADJ
ftr-385	604	9	-	-	ADJ
ftr-385	604	10	distribution	distribution	ADJ
ftr-385	604	11	balance	balance	NOUN
ftr-385	604	12	sheet	sheet	NOUN
ftr-385	604	13	:	:	PUNCT
ftr-385	604	14	assets	asset	NOUN
ftr-385	604	15	basis	basis	NOUN
ftr-385	604	16	value	value	NOUN
ftr-385	604	17	capital	capital	NOUN
ftr-385	604	18	tax	tax	NOUN
ftr-385	604	19	book	book	NOUN
ftr-385	604	20	cash	cash	VERB
ftr-385	604	21	$	$	SYM
ftr-385	604	22	120	120	NUM
ftr-385	604	23	$	$	SYM
ftr-385	604	24	120	120	NUM
ftr-385	604	25	a	a	DET
ftr-385	604	26	$	$	SYM
ftr-385	604	27	120	120	NUM
ftr-385	604	28	$	$	SYM
ftr-385	604	29	180	180	NUM
ftr-385	604	30	land	land	NOUN
ftr-385	604	31	90	90	NUM
ftr-385	604	32	150	150	NUM
ftr-385	604	33	b	b	NOUN
ftr-385	604	34	120	120	NUM
ftr-385	604	35	180	180	NUM
ftr-385	604	36	receivables	receivables	NOUN
ftr-385	604	37	30	30	NUM
ftr-385	604	38	120	120	NUM
ftr-385	604	39	c	c	NOUN
ftr-385	604	40	0	0	NUM
ftr-385	604	41	30	30	NUM
ftr-385	604	42	total	total	NOUN
ftr-385	604	43	$	$	SYM
ftr-385	604	44	240	240	NUM
ftr-385	604	45	$	$	SYM
ftr-385	604	46	390	390	NUM
ftr-385	604	47	total	total	NOUN
ftr-385	604	48	$	$	SYM
ftr-385	604	49	240	240	NUM
ftr-385	604	50	$	$	SYM
ftr-385	604	51	390	390	NUM
ftr-385	604	52	114	114	NUM
ftr-385	604	53	.	.	PUNCT
ftr-385	605	1	if	if	SCONJ
ftr-385	605	2	the	the	DET
ftr-385	605	3	cold	cold	ADJ
ftr-385	605	4	asset	asset	NOUN
ftr-385	605	5	shift	shift	NOUN
ftr-385	605	6	does	do	AUX
ftr-385	605	7	not	not	PART
ftr-385	605	8	trigger	trigger	VERB
ftr-385	605	9	gain	gain	VERB
ftr-385	605	10	recognition	recognition	NOUN
ftr-385	605	11	to	to	ADP
ftr-385	605	12	the	the	DET
ftr-385	605	13	nondistributee	nondistributee	NOUN
ftr-385	605	14	partners	partner	NOUN
ftr-385	605	15	,	,	PUNCT
ftr-385	605	16	c	c	PROPN
ftr-385	605	17	would	would	AUX
ftr-385	605	18	be	be	AUX
ftr-385	605	19	left	leave	VERB
ftr-385	605	20	with	with	ADP
ftr-385	605	21	a	a	DET
ftr-385	605	22	$	$	SYM
ftr-385	605	23	20	20	NUM
ftr-385	605	24	share	share	NOUN
ftr-385	605	25	of	of	ADP
ftr-385	605	26	inside	inside	ADJ
ftr-385	605	27	basis	basis	NOUN
ftr-385	605	28	(	(	PUNCT
ftr-385	605	29	and	and	CCONJ
ftr-385	605	30	a	a	DET
ftr-385	605	31	$	$	SYM
ftr-385	605	32	90	90	NUM
ftr-385	605	33	basis	basis	NOUN
ftr-385	605	34	in	in	ADP
ftr-385	605	35	the	the	DET
ftr-385	605	36	distributed	distribute	VERB
ftr-385	605	37	land	land	NOUN
ftr-385	605	38	)	)	PUNCT
ftr-385	605	39	.	.	PUNCT
ftr-385	606	1	thus	thus	ADV
ftr-385	606	2	,	,	PUNCT
ftr-385	606	3	the	the	DET
ftr-385	606	4	book	book	NOUN
ftr-385	606	5	value	value	NOUN
ftr-385	606	6	of	of	ADP
ftr-385	606	7	c	c	PROPN
ftr-385	606	8	’s	’s	PART
ftr-385	606	9	retained	retain	VERB
ftr-385	606	10	interest	interest	NOUN
ftr-385	606	11	(	(	PUNCT
ftr-385	606	12	$	$	SYM
ftr-385	606	13	30	30	NUM
ftr-385	606	14	)	)	PUNCT
ftr-385	606	15	would	would	AUX
ftr-385	606	16	be	be	AUX
ftr-385	606	17	insufficient	insufficient	ADJ
ftr-385	606	18	to	to	PART
ftr-385	606	19	support	support	VERB
ftr-385	606	20	c	c	PROPN
ftr-385	606	21	’s	’s	PART
ftr-385	606	22	booked	book	VERB
ftr-385	606	23	-	-	PUNCT
ftr-385	606	24	up	up	ADP
ftr-385	606	25	share	share	NOUN
ftr-385	606	26	of	of	ADP
ftr-385	606	27	hot	hot	ADJ
ftr-385	606	28	asset	asset	NOUN
ftr-385	606	29	gain	gain	NOUN
ftr-385	606	30	(	(	PUNCT
ftr-385	606	31	$	$	SYM
ftr-385	606	32	30	30	NUM
ftr-385	606	33	)	)	PUNCT
ftr-385	606	34	and	and	CCONJ
ftr-385	606	35	share	share	NOUN
ftr-385	606	36	of	of	ADP
ftr-385	606	37	inside	inside	ADJ
ftr-385	606	38	basis	basis	NOUN
ftr-385	606	39	(	(	PUNCT
ftr-385	606	40	$	$	SYM
ftr-385	606	41	20	20	NUM
ftr-385	606	42	)	)	PUNCT
ftr-385	606	43	.	.	PUNCT
ftr-385	607	1	115	115	NUM
ftr-385	607	2	.	.	PUNCT
ftr-385	608	1	see	see	AUX
ftr-385	608	2	note	note	VERB
ftr-385	608	3	36	36	NUM
ftr-385	608	4	supra	supra	NOUN
ftr-385	608	5	.	.	PUNCT
ftr-385	609	1	although	although	SCONJ
ftr-385	609	2	congress	congress	PROPN
ftr-385	609	3	retained	retain	VERB
ftr-385	609	4	electivity	electivity	NOUN
ftr-385	609	5	of	of	ADP
ftr-385	609	6	§	§	PROPN
ftr-385	609	7	734(b	734(b	PROPN
ftr-385	609	8	)	)	PUNCT
ftr-385	609	9	basis	basis	NOUN
ftr-385	609	10	adjustments	adjustment	NOUN
ftr-385	609	11	in	in	ADP
ftr-385	609	12	transactions	transaction	NOUN
ftr-385	609	13	not	not	PART
ftr-385	609	14	involving	involve	VERB
ftr-385	609	15	substantial	substantial	ADJ
ftr-385	609	16	built	build	VERB
ftr-385	609	17	-	-	PUNCT
ftr-385	609	18	in	in	ADP
ftr-385	609	19	losses	loss	NOUN
ftr-385	609	20	,	,	PUNCT
ftr-385	609	21	the	the	DET
ftr-385	609	22	senate	senate	PROPN
ftr-385	609	23	version	version	NOUN
ftr-385	609	24	of	of	ADP
ftr-385	609	25	the	the	DET
ftr-385	609	26	2004	2004	NUM
ftr-385	609	27	legislation	legislation	NOUN
ftr-385	609	28	would	would	AUX
ftr-385	609	29	have	have	AUX
ftr-385	609	30	required	require	VERB
ftr-385	609	31	mandatory	mandatory	ADJ
ftr-385	609	32	§	§	PROPN
ftr-385	609	33	734(b	734(b	PROPN
ftr-385	609	34	)	)	PUNCT
ftr-385	609	35	basis	basis	NOUN
ftr-385	609	36	adjustments	adjustment	NOUN
ftr-385	609	37	in	in	ADP
ftr-385	609	38	virtually	virtually	ADV
ftr-385	609	39	all	all	PRON
ftr-385	609	40	situations	situation	NOUN
ftr-385	609	41	.	.	PUNCT
ftr-385	610	1	see	see	VERB
ftr-385	610	2	s.	s.	PROPN
ftr-385	610	3	rep	rep	PROPN
ftr-385	610	4	.	.	PROPN
ftr-385	611	1	no	no	PROPN
ftr-385	611	2	.	.	NOUN
ftr-385	612	1	108	108	NUM
ftr-385	612	2	-	-	SYM
ftr-385	612	3	192	192	NUM
ftr-385	612	4	,	,	PUNCT
ftr-385	612	5	at	at	ADP
ftr-385	612	6	189	189	NUM
ftr-385	612	7	-	-	SYM
ftr-385	612	8	190	190	NUM
ftr-385	612	9	(	(	PUNCT
ftr-385	612	10	2004	2004	NUM
ftr-385	612	11	)	)	PUNCT
ftr-385	612	12	(	(	PUNCT
ftr-385	612	13	rejecting	reject	VERB
ftr-385	612	14	electivity	electivity	NOUN
ftr-385	612	15	of	of	ADP
ftr-385	612	16	basis	basis	NOUN
ftr-385	612	17	adjustments	adjustment	NOUN
ftr-385	612	18	as	as	ADP
ftr-385	612	19	“	"	PUNCT
ftr-385	612	20	anachronistic	anachronistic	ADJ
ftr-385	612	21	”	"	PUNCT
ftr-385	612	22	)	)	PUNCT
ftr-385	612	23	.	.	PUNCT
ftr-385	613	1	inherent	inherent	ADJ
ftr-385	613	2	in	in	ADP
ftr-385	613	3	the	the	DET
ftr-385	613	4	partnership	partnership	NOUN
ftr-385	613	5	’s	’s	PART
ftr-385	613	6	assets	asset	NOUN
ftr-385	613	7	is	be	AUX
ftr-385	613	8	unchanged	unchanged	ADJ
ftr-385	613	9	,	,	PUNCT
ftr-385	613	10	since	since	SCONJ
ftr-385	613	11	total	total	ADJ
ftr-385	613	12	inside	inside	ADJ
ftr-385	613	13	basis	basis	NOUN
ftr-385	613	14	and	and	CCONJ
ftr-385	613	15	value	value	NOUN
ftr-385	613	16	are	be	AUX
ftr-385	613	17	increased	increase	VERB
ftr-385	613	18	by	by	ADP
ftr-385	613	19	an	an	DET
ftr-385	613	20	equal	equal	ADJ
ftr-385	613	21	amount	amount	NOUN
ftr-385	613	22	.	.	PUNCT
ftr-385	614	1	if	if	SCONJ
ftr-385	614	2	the	the	DET
ftr-385	614	3	distribution	distribution	NOUN
ftr-385	614	4	of	of	ADP
ftr-385	614	5	excess	excess	ADJ
ftr-385	614	6	cold	cold	ADJ
ftr-385	614	7	asset	asset	NOUN
ftr-385	614	8	gain	gain	NOUN
ftr-385	614	9	is	be	AUX
ftr-385	614	10	treated	treat	VERB
ftr-385	614	11	as	as	ADP
ftr-385	614	12	taxable	taxable	ADJ
ftr-385	614	13	to	to	ADP
ftr-385	614	14	the	the	DET
ftr-385	614	15	nondistributee	nondistributee	NOUN
ftr-385	614	16	partners	partner	NOUN
ftr-385	614	17	,	,	PUNCT
ftr-385	614	18	there	there	PRON
ftr-385	614	19	is	be	VERB
ftr-385	614	20	no	no	DET
ftr-385	614	21	reason	reason	NOUN
ftr-385	614	22	to	to	PART
ftr-385	614	23	tax	tax	VERB
ftr-385	614	24	c	c	PROPN
ftr-385	614	25	’s	’s	ADJ
ftr-385	614	26	hot	hot	ADJ
ftr-385	614	27	asset	asset	NOUN
ftr-385	614	28	gain	gain	NOUN
ftr-385	614	29	immediately	immediately	ADV
ftr-385	614	30	.	.	PUNCT
ftr-385	615	1	the	the	DET
ftr-385	615	2	basis	basis	NOUN
ftr-385	615	3	of	of	ADP
ftr-385	615	4	the	the	DET
ftr-385	615	5	distributed	distribute	VERB
ftr-385	615	6	land	land	NOUN
ftr-385	615	7	would	would	AUX
ftr-385	615	8	be	be	AUX
ftr-385	615	9	increased	increase	VERB
ftr-385	615	10	from	from	ADP
ftr-385	615	11	$	$	SYM
ftr-385	615	12	90	90	NUM
ftr-385	615	13	to	to	PART
ftr-385	615	14	$	$	SYM
ftr-385	615	15	110	110	NUM
ftr-385	615	16	in	in	ADP
ftr-385	615	17	c	c	PROPN
ftr-385	615	18	’s	’s	PART
ftr-385	615	19	hands	hand	NOUN
ftr-385	615	20	to	to	PART
ftr-385	615	21	reflect	reflect	VERB
ftr-385	615	22	the	the	DET
ftr-385	615	23	nondistributee	nondistributee	NOUN
ftr-385	615	24	partners	partner	NOUN
ftr-385	615	25	’	'	PUNCT
ftr-385	615	26	recognized	recognize	VERB
ftr-385	615	27	capital	capital	NOUN
ftr-385	615	28	gain	gain	NOUN
ftr-385	615	29	of	of	ADP
ftr-385	615	30	$	$	SYM
ftr-385	615	31	20	20	NUM
ftr-385	615	32	.	.	PUNCT
ftr-385	616	1	following	follow	VERB
ftr-385	616	2	the	the	DET
ftr-385	616	3	distribution	distribution	NOUN
ftr-385	616	4	,	,	PUNCT
ftr-385	616	5	c	c	X
ftr-385	616	6	’s	’s	NOUN
ftr-385	616	7	share	share	NOUN
ftr-385	616	8	of	of	ADP
ftr-385	616	9	inside	inside	ADJ
ftr-385	616	10	basis	basis	NOUN
ftr-385	616	11	would	would	AUX
ftr-385	616	12	be	be	AUX
ftr-385	616	13	reduced	reduce	VERB
ftr-385	616	14	to	to	ADP
ftr-385	616	15	zero	zero	NUM
ftr-385	616	16	(	(	PUNCT
ftr-385	616	17	$	$	SYM
ftr-385	616	18	110	110	NUM
ftr-385	616	19	less	less	ADJ
ftr-385	616	20	$	$	SYM
ftr-385	616	21	110	110	NUM
ftr-385	616	22	basis	basis	NOUN
ftr-385	616	23	of	of	ADP
ftr-385	616	24	distributed	distribute	VERB
ftr-385	616	25	property	property	NOUN
ftr-385	616	26	)	)	PUNCT
ftr-385	616	27	and	and	CCONJ
ftr-385	616	28	the	the	DET
ftr-385	616	29	value	value	NOUN
ftr-385	616	30	of	of	ADP
ftr-385	616	31	c	c	PROPN
ftr-385	616	32	’s	’s	PART
ftr-385	616	33	retained	retain	VERB
ftr-385	616	34	interest	interest	NOUN
ftr-385	616	35	(	(	PUNCT
ftr-385	616	36	$	$	SYM
ftr-385	616	37	30	30	NUM
ftr-385	616	38	)	)	PUNCT
ftr-385	616	39	would	would	AUX
ftr-385	616	40	equal	equal	VERB
ftr-385	616	41	c	c	PROPN
ftr-385	616	42	’s	’s	ADV
ftr-385	616	43	booked	book	VERB
ftr-385	616	44	-	-	PUNCT
ftr-385	616	45	up	up	ADP
ftr-385	616	46	hot	hot	ADJ
ftr-385	616	47	asset	asset	NOUN
ftr-385	616	48	gain	gain	NOUN
ftr-385	616	49	(	(	PUNCT
ftr-385	616	50	$	$	SYM
ftr-385	616	51	30	30	NUM
ftr-385	616	52	)	)	PUNCT
ftr-385	616	53	.	.	PUNCT
ftr-385	617	1	c	c	X
ftr-385	617	2	’s	’s	PART
ftr-385	617	3	share	share	NOUN
ftr-385	617	4	of	of	ADP
ftr-385	617	5	hot	hot	ADJ
ftr-385	617	6	assets	asset	NOUN
ftr-385	617	7	would	would	AUX
ftr-385	617	8	not	not	PART
ftr-385	617	9	be	be	AUX
ftr-385	617	10	diminished	diminish	VERB
ftr-385	617	11	,	,	PUNCT
ftr-385	617	12	since	since	SCONJ
ftr-385	617	13	c113	c113	PROPN
ftr-385	617	14	would	would	AUX
ftr-385	617	15	be	be	AUX
ftr-385	617	16	treated	treat	VERB
ftr-385	617	17	as	as	ADP
ftr-385	617	18	having	having	AUX
ftr-385	617	19	exchanged	exchange	VERB
ftr-385	617	20	a	a	DET
ftr-385	617	21	$	$	SYM
ftr-385	617	22	20	20	NUM
ftr-385	617	23	share	share	NOUN
ftr-385	617	24	of	of	ADP
ftr-385	617	25	inside	inside	ADJ
ftr-385	617	26	basis	basis	NOUN
ftr-385	617	27	for	for	ADP
ftr-385	617	28	an	an	DET
ftr-385	617	29	increased	increase	VERB
ftr-385	617	30	interest	interest	NOUN
ftr-385	617	31	in	in	ADP
ftr-385	617	32	cold	cold	ADJ
ftr-385	617	33	assets	asset	NOUN
ftr-385	617	34	worth	worth	ADJ
ftr-385	617	35	$	$	SYM
ftr-385	617	36	20	20	NUM
ftr-385	617	37	.	.	PUNCT
ftr-385	617	38	114	114	NUM
ftr-385	617	39	when	when	SCONJ
ftr-385	617	40	partnership	partnership	NOUN
ftr-385	617	41	property	property	NOUN
ftr-385	617	42	is	be	AUX
ftr-385	617	43	revalued	revalue	VERB
ftr-385	617	44	,	,	PUNCT
ftr-385	617	45	retained	retain	VERB
ftr-385	617	46	partnership	partnership	NOUN
ftr-385	617	47	property	property	NOUN
ftr-385	617	48	may	may	AUX
ftr-385	617	49	no	no	ADV
ftr-385	617	50	longer	long	ADV
ftr-385	617	51	suffice	suffice	VERB
ftr-385	617	52	to	to	PART
ftr-385	617	53	produce	produce	VERB
ftr-385	617	54	actual	actual	ADJ
ftr-385	617	55	tax	tax	NOUN
ftr-385	617	56	gain	gain	NOUN
ftr-385	617	57	corresponding	correspond	VERB
ftr-385	617	58	to	to	ADP
ftr-385	617	59	the	the	DET
ftr-385	617	60	nondistributee	nondistributee	NOUN
ftr-385	617	61	partners	partner	NOUN
ftr-385	617	62	’	'	PUNCT
ftr-385	617	63	shares	share	NOUN
ftr-385	617	64	of	of	ADP
ftr-385	617	65	booked	book	VERB
ftr-385	617	66	-	-	PUNCT
ftr-385	617	67	up	up	ADP
ftr-385	617	68	cold	cold	ADJ
ftr-385	617	69	asset	asset	NOUN
ftr-385	617	70	gain	gain	NOUN
ftr-385	617	71	.	.	PUNCT
ftr-385	618	1	at	at	ADP
ftr-385	618	2	a	a	DET
ftr-385	618	3	minimum	minimum	NOUN
ftr-385	618	4	,	,	PUNCT
ftr-385	618	5	the	the	DET
ftr-385	618	6	partnership	partnership	NOUN
ftr-385	618	7	should	should	AUX
ftr-385	618	8	be	be	AUX
ftr-385	618	9	required	require	VERB
ftr-385	618	10	to	to	PART
ftr-385	618	11	allocate	allocate	VERB
ftr-385	618	12	booked	book	VERB
ftr-385	618	13	-	-	PUNCT
ftr-385	618	14	up	up	ADP
ftr-385	618	15	cold	cold	ADJ
ftr-385	618	16	asset	asset	NOUN
ftr-385	618	17	gain	gain	NOUN
ftr-385	618	18	in	in	ADP
ftr-385	618	19	a	a	DET
ftr-385	618	20	manner	manner	NOUN
ftr-385	618	21	that	that	PRON
ftr-385	618	22	eliminates	eliminate	VERB
ftr-385	618	23	or	or	CCONJ
ftr-385	618	24	reduces	reduce	VERB
ftr-385	618	25	any	any	DET
ftr-385	618	26	shift	shift	NOUN
ftr-385	618	27	in	in	ADP
ftr-385	618	28	cold	cold	ADJ
ftr-385	618	29	asset	asset	NOUN
ftr-385	618	30	gain	gain	NOUN
ftr-385	618	31	as	as	ADP
ftr-385	618	32	a	a	DET
ftr-385	618	33	result	result	NOUN
ftr-385	618	34	of	of	ADP
ftr-385	618	35	a	a	DET
ftr-385	618	36	nonprorata	nonprorata	ADJ
ftr-385	618	37	current	current	ADJ
ftr-385	618	38	distribution	distribution	NOUN
ftr-385	618	39	.	.	PUNCT
ftr-385	619	1	while	while	SCONJ
ftr-385	619	2	immediate	immediate	ADJ
ftr-385	619	3	taxation	taxation	NOUN
ftr-385	619	4	of	of	ADP
ftr-385	619	5	cold	cold	ADJ
ftr-385	619	6	asset	asset	NOUN
ftr-385	619	7	shifts	shift	NOUN
ftr-385	619	8	may	may	AUX
ftr-385	619	9	appear	appear	VERB
ftr-385	619	10	startling	startling	ADJ
ftr-385	619	11	,	,	PUNCT
ftr-385	619	12	both	both	DET
ftr-385	619	13	sections	section	NOUN
ftr-385	619	14	734(b	734(b	NUM
ftr-385	619	15	)	)	PUNCT
ftr-385	619	16	and	and	CCONJ
ftr-385	619	17	751(b	751(b	NOUN
ftr-385	619	18	)	)	PUNCT
ftr-385	619	19	were	be	AUX
ftr-385	619	20	expressly	expressly	ADV
ftr-385	619	21	designed	design	VERB
ftr-385	619	22	to	to	PART
ftr-385	619	23	prevent	prevent	VERB
ftr-385	619	24	income	income	NOUN
ftr-385	619	25	-	-	PUNCT
ftr-385	619	26	shifting	shift	VERB
ftr-385	619	27	through	through	ADP
ftr-385	619	28	partial	partial	ADJ
ftr-385	619	29	liquidation	liquidation	NOUN
ftr-385	619	30	treatment	treatment	NOUN
ftr-385	619	31	and	and	CCONJ
ftr-385	619	32	mandatory	mandatory	ADJ
ftr-385	619	33	basis	basis	NOUN
ftr-385	619	34	reallocation	reallocation	NOUN
ftr-385	619	35	.	.	PUNCT
ftr-385	620	1	although	although	SCONJ
ftr-385	620	2	it	it	PRON
ftr-385	620	3	has	have	AUX
ftr-385	620	4	taken	take	VERB
ftr-385	620	5	congress	congress	PROPN
ftr-385	620	6	fifty	fifty	NUM
ftr-385	620	7	years	year	NOUN
ftr-385	620	8	to	to	PART
ftr-385	620	9	recognize	recognize	VERB
ftr-385	620	10	the	the	DET
ftr-385	620	11	need	need	NOUN
ftr-385	620	12	for	for	ADP
ftr-385	620	13	(	(	PUNCT
ftr-385	620	14	mostly	mostly	ADV
ftr-385	620	15	)	)	PUNCT
ftr-385	620	16	mandatory	mandatory	ADJ
ftr-385	620	17	section	section	NOUN
ftr-385	620	18	734(b	734(b	PROPN
ftr-385	620	19	)	)	PUNCT
ftr-385	620	20	adjustments	adjustment	NOUN
ftr-385	620	21	to	to	ADP
ftr-385	620	22	inside	inside	ADJ
ftr-385	620	23	basis,115	basis,115	PROPN
ftr-385	620	24	extending	extend	VERB
ftr-385	620	25	section	section	NOUN
ftr-385	620	26	751(b	751(b	PROPN
ftr-385	620	27	)	)	PUNCT
ftr-385	620	28	to	to	ADP
ftr-385	620	29	cold	cold	ADJ
ftr-385	620	30	asset	asset	NOUN
ftr-385	620	31	shifts	shift	NOUN
ftr-385	620	32	is	be	AUX
ftr-385	620	33	long	long	ADV
ftr-385	620	34	overdue	overdue	ADJ
ftr-385	620	35	.	.	PUNCT
ftr-385	621	1	2007	2007	NUM
ftr-385	621	2	]	]	PUNCT
ftr-385	621	3	taxing	tax	VERB
ftr-385	621	4	hot	hot	ADJ
ftr-385	621	5	asset	asset	NOUN
ftr-385	621	6	shifts	shift	NOUN
ftr-385	621	7	359	359	NUM
ftr-385	621	8	116	116	NUM
ftr-385	621	9	.	.	PUNCT
ftr-385	622	1	see	see	VERB
ftr-385	622	2	irc	irc	PROPN
ftr-385	622	3	§	§	PROPN
ftr-385	622	4	751(a	751(a	PROPN
ftr-385	622	5	)	)	PUNCT
ftr-385	622	6	.	.	PUNCT
ftr-385	623	1	117	117	NUM
ftr-385	623	2	.	.	PUNCT
ftr-385	624	1	see	see	VERB
ftr-385	624	2	reg	reg	NOUN
ftr-385	624	3	.	.	PUNCT
ftr-385	625	1	§	§	PROPN
ftr-385	625	2	1.1(h)-1(b)(2)(ii	1.1(h)-1(b)(2)(ii	NUM
ftr-385	625	3	)	)	PUNCT
ftr-385	625	4	and	and	CCONJ
ftr-385	625	5	3(ii	3(ii	NUM
ftr-385	625	6	)	)	PUNCT
ftr-385	625	7	,	,	PUNCT
ftr-385	625	8	-1(c	-1(c	PROPN
ftr-385	625	9	)	)	PUNCT
ftr-385	625	10	(	(	PUNCT
ftr-385	625	11	defining	define	VERB
ftr-385	625	12	look	look	NOUN
ftr-385	625	13	-	-	PUNCT
ftr-385	625	14	through	through	ADP
ftr-385	625	15	capital	capital	NOUN
ftr-385	625	16	gain	gain	NOUN
ftr-385	625	17	)	)	PUNCT
ftr-385	625	18	.	.	PUNCT
ftr-385	626	1	vi	vi	X
ftr-385	626	2	.	.	NOUN
ftr-385	626	3	restoring	restore	VERB
ftr-385	626	4	conformity	conformity	NOUN
ftr-385	626	5	between	between	ADP
ftr-385	626	6	§	§	PROPN
ftr-385	626	7	§	§	PROPN
ftr-385	626	8	751(a	751(a	PROPN
ftr-385	626	9	)	)	PUNCT
ftr-385	626	10	and	and	CCONJ
ftr-385	626	11	751(b	751(b	NOUN
ftr-385	626	12	)	)	PUNCT
ftr-385	626	13	section	section	NOUN
ftr-385	626	14	751(b	751(b	PROPN
ftr-385	626	15	)	)	PUNCT
ftr-385	626	16	was	be	AUX
ftr-385	626	17	originally	originally	ADV
ftr-385	626	18	intended	intend	VERB
ftr-385	626	19	to	to	PART
ftr-385	626	20	function	function	VERB
ftr-385	626	21	as	as	ADP
ftr-385	626	22	a	a	DET
ftr-385	626	23	backstop	backstop	NOUN
ftr-385	626	24	to	to	PART
ftr-385	626	25	section	section	NOUN
ftr-385	626	26	751(a	751(a	NUM
ftr-385	626	27	)	)	PUNCT
ftr-385	626	28	.	.	PUNCT
ftr-385	627	1	nevertheless	nevertheless	ADV
ftr-385	627	2	,	,	PUNCT
ftr-385	627	3	section	section	NOUN
ftr-385	627	4	751(a	751(a	NUM
ftr-385	627	5	)	)	PUNCT
ftr-385	627	6	has	have	AUX
ftr-385	627	7	been	be	AUX
ftr-385	627	8	amended	amend	VERB
ftr-385	627	9	to	to	PART
ftr-385	627	10	require	require	VERB
ftr-385	627	11	full	full	ADJ
ftr-385	627	12	fragmentation	fragmentation	NOUN
ftr-385	627	13	regardless	regardless	ADV
ftr-385	627	14	of	of	ADP
ftr-385	627	15	whether	whether	SCONJ
ftr-385	627	16	the	the	DET
ftr-385	627	17	partnership	partnership	NOUN
ftr-385	627	18	’s	’s	PART
ftr-385	627	19	inventory	inventory	NOUN
ftr-385	627	20	is	be	AUX
ftr-385	627	21	substantially	substantially	ADV
ftr-385	627	22	appreciated	appreciate	VERB
ftr-385	627	23	.	.	PUNCT
ftr-385	628	1	thus	thus	ADV
ftr-385	628	2	,	,	PUNCT
ftr-385	628	3	a	a	DET
ftr-385	628	4	selling	selling	NOUN
ftr-385	628	5	partner	partner	NOUN
ftr-385	628	6	generally	generally	ADV
ftr-385	628	7	recognizes	recognize	VERB
ftr-385	628	8	the	the	DET
ftr-385	628	9	same	same	ADJ
ftr-385	628	10	amount	amount	NOUN
ftr-385	628	11	of116	of116	PRON
ftr-385	628	12	ordinary	ordinary	ADJ
ftr-385	628	13	income	income	NOUN
ftr-385	628	14	on	on	ADP
ftr-385	628	15	a	a	DET
ftr-385	628	16	sale	sale	NOUN
ftr-385	628	17	of	of	ADP
ftr-385	628	18	a	a	DET
ftr-385	628	19	partnership	partnership	NOUN
ftr-385	628	20	interest	interest	NOUN
ftr-385	628	21	as	as	SCONJ
ftr-385	628	22	if	if	SCONJ
ftr-385	628	23	the	the	DET
ftr-385	628	24	partnership	partnership	NOUN
ftr-385	628	25	had	have	AUX
ftr-385	628	26	disposed	dispose	VERB
ftr-385	628	27	of	of	ADP
ftr-385	628	28	its	its	PRON
ftr-385	628	29	assets	asset	NOUN
ftr-385	628	30	.	.	PUNCT
ftr-385	629	1	even	even	ADV
ftr-385	629	2	more	more	ADV
ftr-385	629	3	significantly	significantly	ADV
ftr-385	629	4	,	,	PUNCT
ftr-385	629	5	section	section	NOUN
ftr-385	629	6	751(a	751(a	NUM
ftr-385	629	7	)	)	PUNCT
ftr-385	629	8	applies	apply	VERB
ftr-385	629	9	a	a	DET
ftr-385	629	10	lookthrough	lookthrough	ADJ
ftr-385	629	11	approach	approach	NOUN
ftr-385	629	12	when	when	SCONJ
ftr-385	629	13	a	a	DET
ftr-385	629	14	partnership	partnership	NOUN
ftr-385	629	15	owns	own	VERB
ftr-385	629	16	tepid	tepid	ADJ
ftr-385	629	17	assets	asset	NOUN
ftr-385	629	18	,	,	PUNCT
ftr-385	629	19	primarily	primarily	ADV
ftr-385	629	20	unrecaptured	unrecaptured	ADJ
ftr-385	629	21	section	section	NOUN
ftr-385	629	22	1250	1250	NUM
ftr-385	629	23	gain	gain	NOUN
ftr-385	629	24	.	.	PUNCT
ftr-385	630	1	the	the	DET
ftr-385	630	2	failure	failure	NOUN
ftr-385	630	3	to	to	PART
ftr-385	630	4	extend	extend	VERB
ftr-385	630	5	section	section	NOUN
ftr-385	630	6	751(b	751(b	PROPN
ftr-385	630	7	)	)	PUNCT
ftr-385	630	8	to	to	ADP
ftr-385	630	9	tepid	tepid	ADJ
ftr-385	630	10	asset	asset	NOUN
ftr-385	630	11	shifts117	shifts117	PROPN
ftr-385	630	12	creates	create	VERB
ftr-385	630	13	an	an	DET
ftr-385	630	14	important	important	ADJ
ftr-385	630	15	disparity	disparity	NOUN
ftr-385	630	16	between	between	ADP
ftr-385	630	17	the	the	DET
ftr-385	630	18	operation	operation	NOUN
ftr-385	630	19	of	of	ADP
ftr-385	630	20	these	these	DET
ftr-385	630	21	two	two	NUM
ftr-385	630	22	provisions	provision	NOUN
ftr-385	630	23	.	.	PUNCT
ftr-385	631	1	example	example	NOUN
ftr-385	631	2	(	(	PUNCT
ftr-385	631	3	6	6	NUM
ftr-385	631	4	):	):	PUNCT
ftr-385	631	5	assume	assume	VERB
ftr-385	631	6	that	that	SCONJ
ftr-385	631	7	the	the	DET
ftr-385	631	8	abc	abc	PROPN
ftr-385	631	9	partnership	partnership	PROPN
ftr-385	631	10	has	have	VERB
ftr-385	631	11	the	the	DET
ftr-385	631	12	same	same	ADJ
ftr-385	631	13	balance	balance	NOUN
ftr-385	631	14	sheet	sheet	NOUN
ftr-385	631	15	as	as	ADP
ftr-385	631	16	in	in	ADP
ftr-385	631	17	examples	example	NOUN
ftr-385	631	18	(	(	PUNCT
ftr-385	631	19	4	4	NUM
ftr-385	631	20	)	)	PUNCT
ftr-385	631	21	and	and	CCONJ
ftr-385	631	22	(	(	PUNCT
ftr-385	631	23	5	5	NUM
ftr-385	631	24	)	)	PUNCT
ftr-385	631	25	,	,	PUNCT
ftr-385	631	26	except	except	SCONJ
ftr-385	631	27	that	that	SCONJ
ftr-385	631	28	the	the	DET
ftr-385	631	29	partnership	partnership	NOUN
ftr-385	631	30	owns	own	VERB
ftr-385	631	31	depreciated	depreciate	VERB
ftr-385	631	32	section	section	NOUN
ftr-385	631	33	1250	1250	NUM
ftr-385	631	34	property	property	NOUN
ftr-385	631	35	(	(	PUNCT
ftr-385	631	36	rather	rather	ADV
ftr-385	631	37	than	than	ADP
ftr-385	631	38	a	a	DET
ftr-385	631	39	hot	hot	ADJ
ftr-385	631	40	asset	asset	NOUN
ftr-385	631	41	)	)	PUNCT
ftr-385	631	42	with	with	ADP
ftr-385	631	43	unrecaptured	unrecaptured	ADJ
ftr-385	631	44	section	section	NOUN
ftr-385	631	45	1250	1250	NUM
ftr-385	631	46	gain	gain	NOUN
ftr-385	631	47	of	of	ADP
ftr-385	631	48	$	$	SYM
ftr-385	631	49	90	90	NUM
ftr-385	631	50	.	.	PUNCT
ftr-385	632	1	thus	thus	ADV
ftr-385	632	2	,	,	PUNCT
ftr-385	632	3	the	the	DET
ftr-385	632	4	abc	abc	PROPN
ftr-385	632	5	partnership	partnership	PROPN
ftr-385	632	6	has	have	VERB
ftr-385	632	7	the	the	DET
ftr-385	632	8	following	follow	VERB
ftr-385	632	9	predistribution	predistribution	NOUN
ftr-385	632	10	balance	balance	NOUN
ftr-385	632	11	sheet	sheet	NOUN
ftr-385	632	12	:	:	PUNCT
ftr-385	632	13	assets	asset	NOUN
ftr-385	632	14	basis	basis	NOUN
ftr-385	632	15	value	value	NOUN
ftr-385	632	16	capital	capital	NOUN
ftr-385	632	17	tax	tax	NOUN
ftr-385	632	18	value	value	NOUN
ftr-385	632	19	cash	cash	NOUN
ftr-385	632	20	$	$	SYM
ftr-385	632	21	60	60	NUM
ftr-385	632	22	$	$	SYM
ftr-385	632	23	60	60	NUM
ftr-385	632	24	a	a	DET
ftr-385	632	25	$	$	SYM
ftr-385	632	26	90	90	NUM
ftr-385	632	27	$	$	SYM
ftr-385	632	28	160	160	NUM
ftr-385	632	29	land	land	NOUN
ftr-385	632	30	180	180	NUM
ftr-385	632	31	300	300	NUM
ftr-385	632	32	b	b	NUM
ftr-385	632	33	90	90	NUM
ftr-385	632	34	160	160	NUM
ftr-385	632	35	§	§	PROPN
ftr-385	632	36	1250	1250	NUM
ftr-385	632	37	property	property	NOUN
ftr-385	632	38	30	30	NUM
ftr-385	632	39	120	120	NUM
ftr-385	632	40	c	c	NOUN
ftr-385	632	41	90	90	NUM
ftr-385	632	42	160	160	NUM
ftr-385	632	43	total	total	NOUN
ftr-385	632	44	$	$	SYM
ftr-385	632	45	270	270	NUM
ftr-385	632	46	$	$	SYM
ftr-385	632	47	480	480	NUM
ftr-385	632	48	total	total	ADJ
ftr-385	632	49	$	$	SYM
ftr-385	632	50	270	270	NUM
ftr-385	632	51	$	$	SYM
ftr-385	632	52	480	480	NUM
ftr-385	632	53	c	c	NOUN
ftr-385	632	54	receives	receive	VERB
ftr-385	632	55	a	a	DET
ftr-385	632	56	current	current	ADJ
ftr-385	632	57	distribution	distribution	NOUN
ftr-385	632	58	of	of	ADP
ftr-385	632	59	one	one	NUM
ftr-385	632	60	half	half	NOUN
ftr-385	632	61	of	of	ADP
ftr-385	632	62	the	the	DET
ftr-385	632	63	land	land	NOUN
ftr-385	632	64	(	(	PUNCT
ftr-385	632	65	$	$	SYM
ftr-385	632	66	90	90	NUM
ftr-385	632	67	basis	basis	NOUN
ftr-385	632	68	,	,	PUNCT
ftr-385	632	69	$	$	SYM
ftr-385	632	70	150	150	NUM
ftr-385	632	71	fair	fair	ADJ
ftr-385	632	72	market	market	NOUN
ftr-385	632	73	value	value	NOUN
ftr-385	632	74	)	)	PUNCT
ftr-385	632	75	and	and	CCONJ
ftr-385	632	76	cash	cash	NOUN
ftr-385	632	77	of	of	ADP
ftr-385	632	78	$	$	SYM
ftr-385	632	79	5	5	NUM
ftr-385	632	80	.	.	PUNCT
ftr-385	632	81	ignoring	ignore	VERB
ftr-385	632	82	§	§	PROPN
ftr-385	632	83	751(b	751(b	PROPN
ftr-385	632	84	)	)	PUNCT
ftr-385	632	85	,	,	PUNCT
ftr-385	632	86	the	the	DET
ftr-385	632	87	partnership	partnership	NOUN
ftr-385	632	88	has	have	VERB
ftr-385	632	89	the	the	DET
ftr-385	632	90	following	follow	VERB
ftr-385	632	91	post	post	ADJ
ftr-385	632	92	-	-	ADJ
ftr-385	632	93	distribution	distribution	ADJ
ftr-385	632	94	balance	balance	NOUN
ftr-385	632	95	sheet	sheet	NOUN
ftr-385	632	96	:	:	PUNCT
ftr-385	632	97	assets	asset	NOUN
ftr-385	632	98	basis	basis	NOUN
ftr-385	632	99	value	value	NOUN
ftr-385	632	100	capital	capital	NOUN
ftr-385	632	101	tax	tax	NOUN
ftr-385	632	102	book	book	NOUN
ftr-385	632	103	cash	cash	NOUN
ftr-385	632	104	$	$	SYM
ftr-385	632	105	55	55	NUM
ftr-385	632	106	$	$	SYM
ftr-385	632	107	55	55	NUM
ftr-385	632	108	a	a	DET
ftr-385	632	109	$	$	SYM
ftr-385	632	110	90	90	NUM
ftr-385	632	111	$	$	SYM
ftr-385	632	112	160	160	NUM
ftr-385	632	113	land	land	NOUN
ftr-385	632	114	90	90	NUM
ftr-385	632	115	150	150	NUM
ftr-385	632	116	b	b	NOUN
ftr-385	632	117	90	90	NUM
ftr-385	632	118	160	160	NUM
ftr-385	632	119	§	§	PROPN
ftr-385	632	120	1250	1250	NUM
ftr-385	632	121	property	property	NOUN
ftr-385	632	122	30	30	NUM
ftr-385	632	123	120	120	NUM
ftr-385	632	124	c	c	NOUN
ftr-385	632	125	0	0	NUM
ftr-385	632	126	5	5	NUM
ftr-385	632	127	total	total	NOUN
ftr-385	632	128	$	$	SYM
ftr-385	632	129	175	175	NUM
ftr-385	632	130	$	$	SYM
ftr-385	632	131	325	325	NUM
ftr-385	632	132	total	total	ADJ
ftr-385	632	133	$	$	SYM
ftr-385	632	134	180	180	NUM
ftr-385	632	135	$	$	SYM
ftr-385	632	136	325	325	NUM
ftr-385	632	137	thus	thus	ADV
ftr-385	632	138	,	,	PUNCT
ftr-385	632	139	c	c	X
ftr-385	632	140	’s	’s	X
ftr-385	632	141	outside	outside	ADJ
ftr-385	632	142	basis	basis	NOUN
ftr-385	632	143	of	of	ADP
ftr-385	632	144	$	$	SYM
ftr-385	632	145	85	85	NUM
ftr-385	632	146	(	(	PUNCT
ftr-385	632	147	$	$	SYM
ftr-385	632	148	90	90	NUM
ftr-385	632	149	reduced	reduce	VERB
ftr-385	632	150	by	by	ADP
ftr-385	632	151	the	the	DET
ftr-385	632	152	$	$	SYM
ftr-385	632	153	5	5	NUM
ftr-385	632	154	cash	cash	NOUN
ftr-385	632	155	distribution	distribution	NOUN
ftr-385	632	156	)	)	PUNCT
ftr-385	632	157	is	be	AUX
ftr-385	632	158	no	no	ADV
ftr-385	632	159	longer	long	ADV
ftr-385	632	160	sufficient	sufficient	ADJ
ftr-385	632	161	to	to	PART
ftr-385	632	162	preserve	preserve	VERB
ftr-385	632	163	the	the	DET
ftr-385	632	164	partnership	partnership	NOUN
ftr-385	632	165	’s	’s	PART
ftr-385	632	166	$	$	SYM
ftr-385	632	167	90	90	NUM
ftr-385	632	168	basis	basis	NOUN
ftr-385	632	169	in	in	ADP
ftr-385	632	170	the	the	DET
ftr-385	632	171	distributed	distribute	VERB
ftr-385	632	172	land	land	NOUN
ftr-385	632	173	.	.	PUNCT
ftr-385	633	1	since	since	SCONJ
ftr-385	633	2	the	the	DET
ftr-385	633	3	distribution	distribution	NOUN
ftr-385	633	4	carries	carry	VERB
ftr-385	633	5	out	out	ADP
ftr-385	633	6	inside	inside	ADJ
ftr-385	633	7	basis	basis	NOUN
ftr-385	633	8	in	in	ADP
ftr-385	633	9	excess	excess	NOUN
ftr-385	633	10	of	of	ADP
ftr-385	633	11	the	the	DET
ftr-385	633	12	distributee	distributee	NOUN
ftr-385	633	13	’s	’s	NOUN
ftr-385	633	14	outside	outside	ADJ
ftr-385	633	15	basis	basis	NOUN
ftr-385	633	16	,	,	PUNCT
ftr-385	633	17	it	it	PRON
ftr-385	633	18	triggers	trigger	VERB
ftr-385	633	19	an	an	DET
ftr-385	633	20	upward	upward	ADJ
ftr-385	633	21	section	section	NOUN
ftr-385	633	22	734(b	734(b	NOUN
ftr-385	633	23	)	)	PUNCT
ftr-385	633	24	adjustment	adjustment	NOUN
ftr-385	633	25	to	to	ADP
ftr-385	633	26	the	the	DET
ftr-385	633	27	360	360	NUM
ftr-385	633	28	florida	florida	PROPN
ftr-385	633	29	tax	tax	NOUN
ftr-385	633	30	review	review	NOUN
ftr-385	633	31	[	[	X
ftr-385	633	32	vol.8:3	vol.8:3	NOUN
ftr-385	633	33	118	118	NUM
ftr-385	633	34	.	.	PUNCT
ftr-385	634	1	the	the	DET
ftr-385	634	2	upward	upward	ADJ
ftr-385	634	3	§	§	PROPN
ftr-385	634	4	734(b	734(b	PROPN
ftr-385	634	5	)	)	PUNCT
ftr-385	634	6	adjustment	adjustment	NOUN
ftr-385	634	7	is	be	AUX
ftr-385	634	8	necessary	necessary	ADJ
ftr-385	634	9	to	to	PART
ftr-385	634	10	eliminate	eliminate	VERB
ftr-385	634	11	the	the	DET
ftr-385	634	12	disparity	disparity	NOUN
ftr-385	634	13	of	of	ADP
ftr-385	634	14	$	$	SYM
ftr-385	634	15	5	5	NUM
ftr-385	634	16	in	in	ADP
ftr-385	634	17	the	the	DET
ftr-385	634	18	partnership	partnership	NOUN
ftr-385	634	19	’s	’s	PART
ftr-385	634	20	basis	basis	NOUN
ftr-385	634	21	in	in	ADP
ftr-385	634	22	its	its	PRON
ftr-385	634	23	assets	asset	NOUN
ftr-385	634	24	and	and	CCONJ
ftr-385	634	25	the	the	DET
ftr-385	634	26	continuing	continue	VERB
ftr-385	634	27	partners	partner	NOUN
ftr-385	634	28	’	'	PUNCT
ftr-385	634	29	outside	outside	ADJ
ftr-385	634	30	bases	basis	NOUN
ftr-385	634	31	.	.	PUNCT
ftr-385	635	1	119	119	NUM
ftr-385	635	2	.	.	PUNCT
ftr-385	636	1	thus	thus	ADV
ftr-385	636	2	,	,	PUNCT
ftr-385	636	3	the	the	DET
ftr-385	636	4	basis	basis	NOUN
ftr-385	636	5	of	of	ADP
ftr-385	636	6	the	the	DET
ftr-385	636	7	land	land	NOUN
ftr-385	636	8	would	would	AUX
ftr-385	636	9	be	be	AUX
ftr-385	636	10	increased	increase	VERB
ftr-385	636	11	by	by	ADP
ftr-385	636	12	$	$	SYM
ftr-385	636	13	2	2	NUM
ftr-385	636	14	(	(	PUNCT
ftr-385	636	15	$	$	SYM
ftr-385	636	16	60/$150	60/$150	NUM
ftr-385	636	17	x	x	SYM
ftr-385	636	18	$	$	SYM
ftr-385	636	19	5	5	NUM
ftr-385	636	20	)	)	PUNCT
ftr-385	636	21	and	and	CCONJ
ftr-385	636	22	the	the	DET
ftr-385	636	23	basis	basis	NOUN
ftr-385	636	24	of	of	ADP
ftr-385	636	25	the	the	DET
ftr-385	636	26	§	§	PROPN
ftr-385	636	27	1250	1250	NUM
ftr-385	636	28	property	property	NOUN
ftr-385	636	29	would	would	AUX
ftr-385	636	30	be	be	AUX
ftr-385	636	31	increased	increase	VERB
ftr-385	636	32	by	by	ADP
ftr-385	636	33	$	$	SYM
ftr-385	636	34	3	3	NUM
ftr-385	636	35	(	(	PUNCT
ftr-385	636	36	$	$	SYM
ftr-385	636	37	90/$150	90/$150	NUM
ftr-385	636	38	x	x	SYM
ftr-385	636	39	$	$	SYM
ftr-385	636	40	5	5	NUM
ftr-385	636	41	)	)	PUNCT
ftr-385	636	42	.	.	PUNCT
ftr-385	637	1	120	120	NUM
ftr-385	637	2	.	.	PUNCT
ftr-385	638	1	following	follow	VERB
ftr-385	638	2	a	a	DET
ftr-385	638	3	revaluation	revaluation	NOUN
ftr-385	638	4	,	,	PUNCT
ftr-385	638	5	an	an	DET
ftr-385	638	6	upward	upward	ADJ
ftr-385	638	7	section	section	NOUN
ftr-385	638	8	734(b	734(b	NOUN
ftr-385	638	9	)	)	PUNCT
ftr-385	638	10	adjustment	adjustment	NOUN
ftr-385	638	11	should	should	AUX
ftr-385	638	12	arguably	arguably	ADV
ftr-385	638	13	benefit	benefit	VERB
ftr-385	638	14	exclusively	exclusively	ADV
ftr-385	638	15	the	the	DET
ftr-385	638	16	distributee	distributee	NOUN
ftr-385	638	17	partner	partner	NOUN
ftr-385	638	18	who	who	PRON
ftr-385	638	19	recognizes	recognize	VERB
ftr-385	638	20	gain	gain	NOUN
ftr-385	638	21	on	on	ADP
ftr-385	638	22	a	a	DET
ftr-385	638	23	nonprorata	nonprorata	ADJ
ftr-385	638	24	distribution	distribution	NOUN
ftr-385	638	25	.	.	PUNCT
ftr-385	639	1	see	see	VERB
ftr-385	639	2	abrams	abrams	PROPN
ftr-385	639	3	,	,	PUNCT
ftr-385	639	4	supra	supra	PROPN
ftr-385	639	5	note	note	PROPN
ftr-385	639	6	8	8	NUM
ftr-385	639	7	,	,	PUNCT
ftr-385	639	8	at	at	ADP
ftr-385	639	9	364	364	NUM
ftr-385	639	10	-	-	SYM
ftr-385	639	11	65	65	NUM
ftr-385	639	12	.	.	PUNCT
ftr-385	639	13	121	121	NUM
ftr-385	639	14	.	.	PUNCT
ftr-385	640	1	an	an	DET
ftr-385	640	2	upward	upward	ADJ
ftr-385	640	3	§	§	PROPN
ftr-385	640	4	734(b	734(b	PROPN
ftr-385	640	5	)	)	PUNCT
ftr-385	640	6	adjustment	adjustment	NOUN
ftr-385	640	7	to	to	PART
ftr-385	640	8	depreciable	depreciable	VERB
ftr-385	640	9	property	property	NOUN
ftr-385	640	10	serves	serve	VERB
ftr-385	640	11	two	two	NUM
ftr-385	640	12	functions	function	NOUN
ftr-385	640	13	:	:	PUNCT
ftr-385	640	14	(	(	PUNCT
ftr-385	640	15	1	1	X
ftr-385	640	16	)	)	PUNCT
ftr-385	640	17	it	it	PRON
ftr-385	640	18	displaces	displace	VERB
ftr-385	640	19	gain	gain	VERB
ftr-385	640	20	inherent	inherent	ADJ
ftr-385	640	21	in	in	ADP
ftr-385	640	22	the	the	DET
ftr-385	640	23	partnership	partnership	NOUN
ftr-385	640	24	’s	’s	PART
ftr-385	640	25	retained	retain	VERB
ftr-385	640	26	assets	asset	NOUN
ftr-385	640	27	and	and	CCONJ
ftr-385	640	28	(	(	PUNCT
ftr-385	640	29	2	2	X
ftr-385	640	30	)	)	PUNCT
ftr-385	640	31	it	it	PRON
ftr-385	640	32	gives	give	VERB
ftr-385	640	33	rise	rise	NOUN
ftr-385	640	34	to	to	ADP
ftr-385	640	35	future	future	ADJ
ftr-385	640	36	depreciation	depreciation	NOUN
ftr-385	640	37	deductions	deduction	NOUN
ftr-385	640	38	.	.	PUNCT
ftr-385	641	1	as	as	ADP
ftr-385	641	2	a	a	DET
ftr-385	641	3	result	result	NOUN
ftr-385	641	4	,	,	PUNCT
ftr-385	641	5	any	any	DET
ftr-385	641	6	§	§	PROPN
ftr-385	641	7	734(b	734(b	PROPN
ftr-385	641	8	)	)	PUNCT
ftr-385	641	9	adjustment	adjustment	NOUN
ftr-385	641	10	should	should	AUX
ftr-385	641	11	generally	generally	ADV
ftr-385	641	12	be	be	AUX
ftr-385	641	13	shared	share	VERB
ftr-385	641	14	for	for	ADP
ftr-385	641	15	purposes	purpose	NOUN
ftr-385	641	16	of	of	ADP
ftr-385	641	17	book	book	NOUN
ftr-385	641	18	depreciation	depreciation	NOUN
ftr-385	641	19	in	in	ADP
ftr-385	641	20	the	the	DET
ftr-385	641	21	same	same	ADJ
ftr-385	641	22	ratio	ratio	NOUN
ftr-385	641	23	as	as	ADP
ftr-385	641	24	the	the	DET
ftr-385	641	25	partners	partner	NOUN
ftr-385	641	26	’	'	PUNCT
ftr-385	641	27	post	post	ADJ
ftr-385	641	28	-	-	ADJ
ftr-385	641	29	distribution	distribution	ADJ
ftr-385	641	30	percentage	percentage	NOUN
ftr-385	641	31	interests	interest	NOUN
ftr-385	641	32	.	.	PUNCT
ftr-385	642	1	see	see	VERB
ftr-385	642	2	burke	burke	PROPN
ftr-385	642	3	,	,	PUNCT
ftr-385	642	4	supra	supra	PROPN
ftr-385	642	5	note	note	PROPN
ftr-385	642	6	8	8	NUM
ftr-385	642	7	,	,	PUNCT
ftr-385	642	8	at	at	ADP
ftr-385	642	9	653	653	NUM
ftr-385	642	10	.	.	PUNCT
ftr-385	643	1	in	in	ADP
ftr-385	643	2	accordance	accordance	NOUN
ftr-385	643	3	with	with	ADP
ftr-385	643	4	§	§	PROPN
ftr-385	643	5	704(c	704(c	PROPN
ftr-385	643	6	)	)	PUNCT
ftr-385	643	7	principles	principle	NOUN
ftr-385	643	8	,	,	PUNCT
ftr-385	643	9	tax	tax	NOUN
ftr-385	643	10	depreciation	depreciation	NOUN
ftr-385	643	11	would	would	AUX
ftr-385	643	12	be	be	AUX
ftr-385	643	13	allocated	allocate	VERB
ftr-385	643	14	in	in	ADP
ftr-385	643	15	a	a	DET
ftr-385	643	16	manner	manner	NOUN
ftr-385	643	17	that	that	PRON
ftr-385	643	18	eliminates	eliminate	VERB
ftr-385	643	19	book	book	NOUN
ftr-385	643	20	-	-	PUNCT
ftr-385	643	21	tax	tax	NOUN
ftr-385	643	22	disparities	disparity	NOUN
ftr-385	643	23	.	.	PUNCT
ftr-385	644	1	partnership	partnership	NOUN
ftr-385	644	2	’s	’s	PART
ftr-385	644	3	retained	retain	VERB
ftr-385	644	4	cold	cold	ADJ
ftr-385	644	5	assets	asset	NOUN
ftr-385	644	6	.	.	PUNCT
ftr-385	645	1	under	under	ADP
ftr-385	645	2	the	the	DET
ftr-385	645	3	section	section	NOUN
ftr-385	645	4	755	755	NUM
ftr-385	645	5	regulations	regulation	NOUN
ftr-385	645	6	,	,	PUNCT
ftr-385	645	7	the118	the118	PROPN
ftr-385	645	8	inside	inside	ADP
ftr-385	645	9	basis	basis	NOUN
ftr-385	645	10	adjustment	adjustment	NOUN
ftr-385	645	11	(	(	PUNCT
ftr-385	645	12	$	$	SYM
ftr-385	645	13	5	5	NUM
ftr-385	645	14	)	)	PUNCT
ftr-385	645	15	is	be	AUX
ftr-385	645	16	allocated	allocate	VERB
ftr-385	645	17	to	to	ADP
ftr-385	645	18	the	the	DET
ftr-385	645	19	land	land	NOUN
ftr-385	645	20	and	and	CCONJ
ftr-385	645	21	section	section	NOUN
ftr-385	645	22	1250	1250	NUM
ftr-385	645	23	property	property	NOUN
ftr-385	645	24	in	in	ADP
ftr-385	645	25	proportion	proportion	NOUN
ftr-385	645	26	to	to	ADP
ftr-385	645	27	their	their	PRON
ftr-385	645	28	unrealized	unrealized	ADJ
ftr-385	645	29	appreciation	appreciation	NOUN
ftr-385	645	30	.	.	PUNCT
ftr-385	646	1	since	since	SCONJ
ftr-385	646	2	the	the	DET
ftr-385	646	3	section	section	NOUN
ftr-385	646	4	734(b)119	734(b)119	NUM
ftr-385	646	5	adjustment	adjustment	NOUN
ftr-385	646	6	affects	affect	VERB
ftr-385	646	7	the	the	DET
ftr-385	646	8	common	common	ADJ
ftr-385	646	9	basis	basis	NOUN
ftr-385	646	10	of	of	ADP
ftr-385	646	11	the	the	DET
ftr-385	646	12	partnership	partnership	NOUN
ftr-385	646	13	’s	’s	PART
ftr-385	646	14	property	property	NOUN
ftr-385	646	15	,	,	PUNCT
ftr-385	646	16	it	it	PRON
ftr-385	646	17	eliminates	eliminate	VERB
ftr-385	646	18	tax	tax	NOUN
ftr-385	646	19	gain	gain	NOUN
ftr-385	646	20	corresponding	correspond	VERB
ftr-385	646	21	to	to	ADP
ftr-385	646	22	previously	previously	ADV
ftr-385	646	23	booked	book	VERB
ftr-385	646	24	-	-	PUNCT
ftr-385	646	25	up	up	ADP
ftr-385	646	26	gain	gain	NOUN
ftr-385	646	27	.	.	PUNCT
ftr-385	647	1	thus	thus	ADV
ftr-385	647	2	,	,	PUNCT
ftr-385	647	3	it	it	PRON
ftr-385	647	4	is	be	AUX
ftr-385	647	5	not	not	PART
ftr-385	647	6	entirely	entirely	ADV
ftr-385	647	7	clear	clear	ADJ
ftr-385	647	8	how	how	SCONJ
ftr-385	647	9	the	the	DET
ftr-385	647	10	remaining	remain	VERB
ftr-385	647	11	tax	tax	NOUN
ftr-385	647	12	gain	gain	NOUN
ftr-385	647	13	inherent	inherent	ADJ
ftr-385	647	14	in	in	ADP
ftr-385	647	15	the	the	DET
ftr-385	647	16	partnership	partnership	NOUN
ftr-385	647	17	’s	’s	PART
ftr-385	647	18	cold	cold	ADJ
ftr-385	647	19	assets	asset	NOUN
ftr-385	647	20	should	should	AUX
ftr-385	647	21	be	be	AUX
ftr-385	647	22	allocated	allocate	VERB
ftr-385	647	23	.	.	PUNCT
ftr-385	648	1	even	even	ADV
ftr-385	648	2	though	though	SCONJ
ftr-385	648	3	the	the	DET
ftr-385	648	4	section	section	NOUN
ftr-385	648	5	734(b	734(b	NOUN
ftr-385	648	6	)	)	PUNCT
ftr-385	648	7	adjustment	adjustment	NOUN
ftr-385	648	8	eliminates120	eliminates120	PROPN
ftr-385	648	9	tepid	tepid	ADJ
ftr-385	648	10	asset	asset	NOUN
ftr-385	648	11	gain	gain	NOUN
ftr-385	648	12	,	,	PUNCT
ftr-385	648	13	section	section	NOUN
ftr-385	648	14	751(b	751(b	PROPN
ftr-385	648	15	)	)	PUNCT
ftr-385	648	16	does	do	AUX
ftr-385	648	17	not	not	PART
ftr-385	648	18	apply	apply	VERB
ftr-385	648	19	.	.	PUNCT
ftr-385	649	1	if	if	SCONJ
ftr-385	649	2	the	the	DET
ftr-385	649	3	section	section	NOUN
ftr-385	649	4	1250	1250	NUM
ftr-385	649	5	property	property	NOUN
ftr-385	649	6	were	be	AUX
ftr-385	649	7	instead	instead	ADV
ftr-385	649	8	section	section	NOUN
ftr-385	649	9	1245	1245	NUM
ftr-385	649	10	property	property	NOUN
ftr-385	649	11	,	,	PUNCT
ftr-385	649	12	the	the	DET
ftr-385	649	13	section	section	NOUN
ftr-385	649	14	751	751	NUM
ftr-385	649	15	regulations	regulation	NOUN
ftr-385	649	16	would	would	AUX
ftr-385	649	17	treat	treat	VERB
ftr-385	649	18	the	the	DET
ftr-385	649	19	partnership	partnership	NOUN
ftr-385	649	20	as	as	ADP
ftr-385	649	21	owning	own	VERB
ftr-385	649	22	a	a	DET
ftr-385	649	23	hot	hot	ADJ
ftr-385	649	24	asset	asset	NOUN
ftr-385	649	25	to	to	ADP
ftr-385	649	26	the	the	DET
ftr-385	649	27	extent	extent	NOUN
ftr-385	649	28	of	of	ADP
ftr-385	649	29	the	the	DET
ftr-385	649	30	depreciation	depreciation	NOUN
ftr-385	649	31	recapture	recapture	NOUN
ftr-385	649	32	(	(	PUNCT
ftr-385	649	33	zero	zero	NUM
ftr-385	649	34	basis	basis	NOUN
ftr-385	649	35	,	,	PUNCT
ftr-385	649	36	$	$	SYM
ftr-385	649	37	90	90	NUM
ftr-385	649	38	value	value	NOUN
ftr-385	649	39	)	)	PUNCT
ftr-385	649	40	and	and	CCONJ
ftr-385	649	41	a	a	DET
ftr-385	649	42	residual	residual	ADJ
ftr-385	649	43	cold	cold	ADJ
ftr-385	649	44	asset	asset	NOUN
ftr-385	649	45	(	(	PUNCT
ftr-385	649	46	$	$	SYM
ftr-385	649	47	30	30	NUM
ftr-385	649	48	basis	basis	NOUN
ftr-385	649	49	,	,	PUNCT
ftr-385	649	50	$	$	SYM
ftr-385	649	51	30	30	NUM
ftr-385	649	52	value	value	NOUN
ftr-385	649	53	)	)	PUNCT
ftr-385	649	54	.	.	PUNCT
ftr-385	650	1	the	the	DET
ftr-385	650	2	section	section	NOUN
ftr-385	650	3	755	755	NUM
ftr-385	650	4	regulations	regulation	NOUN
ftr-385	650	5	would	would	AUX
ftr-385	650	6	allocate	allocate	VERB
ftr-385	650	7	the	the	DET
ftr-385	650	8	entire	entire	ADJ
ftr-385	650	9	section	section	NOUN
ftr-385	650	10	734(b	734(b	NOUN
ftr-385	650	11	)	)	PUNCT
ftr-385	650	12	adjustment	adjustment	NOUN
ftr-385	650	13	to	to	ADP
ftr-385	650	14	the	the	DET
ftr-385	650	15	partnership	partnership	NOUN
ftr-385	650	16	’s	’s	PART
ftr-385	650	17	only	only	ADV
ftr-385	650	18	appreciated	appreciated	ADJ
ftr-385	650	19	cold	cold	ADJ
ftr-385	650	20	asset	asset	NOUN
ftr-385	650	21	(	(	PUNCT
ftr-385	650	22	the	the	DET
ftr-385	650	23	land	land	NOUN
ftr-385	650	24	)	)	PUNCT
ftr-385	650	25	,	,	PUNCT
ftr-385	650	26	thereby	thereby	ADV
ftr-385	650	27	preventing	prevent	VERB
ftr-385	650	28	the	the	DET
ftr-385	650	29	inside	inside	ADJ
ftr-385	650	30	basis	basis	NOUN
ftr-385	650	31	adjustment	adjustment	NOUN
ftr-385	650	32	from	from	ADP
ftr-385	650	33	eliminating	eliminate	VERB
ftr-385	650	34	booked	book	VERB
ftr-385	650	35	-	-	PUNCT
ftr-385	650	36	up	up	ADP
ftr-385	650	37	ordinary	ordinary	ADJ
ftr-385	650	38	income	income	NOUN
ftr-385	650	39	or	or	CCONJ
ftr-385	650	40	generating	generate	VERB
ftr-385	650	41	future	future	ADJ
ftr-385	650	42	depreciation	depreciation	NOUN
ftr-385	650	43	deductions	deduction	NOUN
ftr-385	650	44	.	.	PUNCT
ftr-385	651	1	under	under	ADP
ftr-385	651	2	the	the	DET
ftr-385	651	3	section	section	NOUN
ftr-385	651	4	755	755	NUM
ftr-385	651	5	regulations	regulation	NOUN
ftr-385	651	6	,	,	PUNCT
ftr-385	651	7	an	an	DET
ftr-385	651	8	upward	upward	ADJ
ftr-385	651	9	section	section	NOUN
ftr-385	651	10	734(b	734(b	NOUN
ftr-385	651	11	)	)	PUNCT
ftr-385	651	12	adjustment	adjustment	NOUN
ftr-385	651	13	to	to	ADP
ftr-385	651	14	section	section	NOUN
ftr-385	651	15	1245	1245	NUM
ftr-385	651	16	property	property	NOUN
ftr-385	651	17	is	be	AUX
ftr-385	651	18	allowed	allow	VERB
ftr-385	651	19	only	only	ADV
ftr-385	651	20	if	if	SCONJ
ftr-385	651	21	the	the	DET
ftr-385	651	22	partnership	partnership	NOUN
ftr-385	651	23	’s	’s	PART
ftr-385	651	24	section	section	NOUN
ftr-385	651	25	1245	1245	NUM
ftr-385	651	26	property	property	NOUN
ftr-385	651	27	has	have	AUX
ftr-385	651	28	unrealized	unrealize	VERB
ftr-385	651	29	appreciation	appreciation	NOUN
ftr-385	651	30	in	in	ADP
ftr-385	651	31	excess	excess	NOUN
ftr-385	651	32	of	of	ADP
ftr-385	651	33	the	the	DET
ftr-385	651	34	total	total	ADJ
ftr-385	651	35	recapture	recapture	NOUN
ftr-385	651	36	amount	amount	NOUN
ftr-385	651	37	or	or	CCONJ
ftr-385	651	38	the	the	DET
ftr-385	651	39	upward	upward	ADJ
ftr-385	651	40	section	section	NOUN
ftr-385	651	41	734(b	734(b	PROPN
ftr-385	651	42	)	)	PUNCT
ftr-385	651	43	adjustment	adjustment	NOUN
ftr-385	651	44	exceeds	exceed	VERB
ftr-385	651	45	the	the	DET
ftr-385	651	46	entire	entire	ADJ
ftr-385	651	47	unrealized	unrealized	ADJ
ftr-385	651	48	appreciation	appreciation	NOUN
ftr-385	651	49	in	in	ADP
ftr-385	651	50	the	the	DET
ftr-385	651	51	partnership	partnership	NOUN
ftr-385	651	52	’s	’s	PART
ftr-385	651	53	retained	retain	VERB
ftr-385	651	54	cold	cold	ADJ
ftr-385	651	55	assets.when	assets.when	SCONJ
ftr-385	651	56	a	a	DET
ftr-385	651	57	partnership	partnership	NOUN
ftr-385	651	58	owns	own	VERB
ftr-385	651	59	depreciated	depreciate	VERB
ftr-385	651	60	section	section	NOUN
ftr-385	651	61	1245	1245	NUM
ftr-385	651	62	property	property	NOUN
ftr-385	651	63	,	,	PUNCT
ftr-385	651	64	a	a	DET
ftr-385	651	65	current	current	ADJ
ftr-385	651	66	distribution	distribution	NOUN
ftr-385	651	67	of	of	ADP
ftr-385	651	68	excess	excess	ADJ
ftr-385	651	69	cold	cold	ADJ
ftr-385	651	70	assets	asset	NOUN
ftr-385	651	71	raises	raise	VERB
ftr-385	651	72	two	two	NUM
ftr-385	651	73	problems	problem	NOUN
ftr-385	651	74	:	:	PUNCT
ftr-385	651	75	it	it	PRON
ftr-385	651	76	is	be	AUX
ftr-385	651	77	necessary	necessary	ADJ
ftr-385	651	78	to	to	PART
ftr-385	651	79	identify	identify	VERB
ftr-385	651	80	(	(	PUNCT
ftr-385	651	81	1	1	X
ftr-385	651	82	)	)	PUNCT
ftr-385	651	83	the	the	DET
ftr-385	651	84	reduction	reduction	NOUN
ftr-385	651	85	in	in	ADP
ftr-385	651	86	the	the	DET
ftr-385	651	87	distributee	distributee	NOUN
ftr-385	651	88	’s	’s	PART
ftr-385	651	89	share	share	NOUN
ftr-385	651	90	of	of	ADP
ftr-385	651	91	potential	potential	ADJ
ftr-385	651	92	recapture	recapture	NOUN
ftr-385	651	93	income	income	NOUN
ftr-385	651	94	and	and	CCONJ
ftr-385	651	95	(	(	PUNCT
ftr-385	651	96	2	2	X
ftr-385	651	97	)	)	PUNCT
ftr-385	651	98	whether	whether	SCONJ
ftr-385	651	99	all	all	PRON
ftr-385	651	100	of	of	ADP
ftr-385	651	101	the	the	DET
ftr-385	651	102	continuing	continue	VERB
ftr-385	651	103	partners	partner	NOUN
ftr-385	651	104	(	(	PUNCT
ftr-385	651	105	including	include	VERB
ftr-385	651	106	potentially	potentially	ADV
ftr-385	651	107	the	the	DET
ftr-385	651	108	distributee	distributee	NOUN
ftr-385	651	109	)	)	PUNCT
ftr-385	651	110	should	should	AUX
ftr-385	651	111	benefit	benefit	VERB
ftr-385	651	112	from	from	ADP
ftr-385	651	113	any	any	DET
ftr-385	651	114	increase	increase	NOUN
ftr-385	651	115	to	to	ADP
ftr-385	651	116	the	the	DET
ftr-385	651	117	basis	basis	NOUN
ftr-385	651	118	of	of	ADP
ftr-385	651	119	the	the	DET
ftr-385	651	120	partnership	partnership	NOUN
ftr-385	651	121	’s	’s	PART
ftr-385	651	122	retained	retain	VERB
ftr-385	651	123	section	section	NOUN
ftr-385	651	124	1245	1245	NUM
ftr-385	651	125	property	property	NOUN
ftr-385	651	126	.	.	PUNCT
ftr-385	652	1	121	121	NUM
ftr-385	652	2	the	the	DET
ftr-385	652	3	proper	proper	ADJ
ftr-385	652	4	solution	solution	NOUN
ftr-385	652	5	is	be	AUX
ftr-385	652	6	to	to	PART
ftr-385	652	7	tax	tax	VERB
ftr-385	652	8	immediately	immediately	ADV
ftr-385	652	9	the	the	DET
ftr-385	652	10	distributee	distributee	NOUN
ftr-385	652	11	’s	’s	PART
ftr-385	652	12	excess	excess	ADJ
ftr-385	652	13	booked	book	VERB
ftr-385	652	14	-	-	PUNCT
ftr-385	652	15	up	up	ADP
ftr-385	652	16	hot	hot	ADJ
ftr-385	652	17	asset	asset	NOUN
ftr-385	652	18	gain	gain	NOUN
ftr-385	652	19	(	(	PUNCT
ftr-385	652	20	including	include	VERB
ftr-385	652	21	recapture	recapture	NOUN
ftr-385	652	22	)	)	PUNCT
ftr-385	652	23	and	and	CCONJ
ftr-385	652	24	to	to	PART
ftr-385	652	25	allocate	allocate	VERB
ftr-385	652	26	the	the	DET
ftr-385	652	27	benefit	benefit	NOUN
ftr-385	652	28	of	of	ADP
ftr-385	652	29	any	any	DET
ftr-385	652	30	basis	basis	NOUN
ftr-385	652	31	increase	increase	NOUN
ftr-385	652	32	to	to	PART
ftr-385	652	33	section	section	NOUN
ftr-385	652	34	1245	1245	NUM
ftr-385	652	35	property	property	NOUN
ftr-385	652	36	to	to	ADP
ftr-385	652	37	the	the	DET
ftr-385	652	38	nondistributee	nondistributee	NOUN
ftr-385	652	39	partners	partner	NOUN
ftr-385	652	40	,	,	PUNCT
ftr-385	652	41	who	who	PRON
ftr-385	652	42	have	have	AUX
ftr-385	652	43	effectively	effectively	ADV
ftr-385	652	44	purchased	purchase	VERB
ftr-385	652	45	the	the	DET
ftr-385	652	46	distributee	distributee	NOUN
ftr-385	652	47	’s	’s	PART
ftr-385	652	48	relinquished	relinquished	ADJ
ftr-385	652	49	share	share	NOUN
ftr-385	652	50	of	of	ADP
ftr-385	652	51	hot	hot	ADJ
ftr-385	652	52	asset	asset	NOUN
ftr-385	652	53	gain	gain	NOUN
ftr-385	652	54	.	.	PUNCT
ftr-385	653	1	2007	2007	NUM
ftr-385	653	2	]	]	PUNCT
ftr-385	653	3	taxing	tax	VERB
ftr-385	653	4	hot	hot	ADJ
ftr-385	653	5	asset	asset	NOUN
ftr-385	653	6	shifts	shift	NOUN
ftr-385	653	7	361	361	NUM
ftr-385	653	8	122	122	NUM
ftr-385	653	9	.	.	PUNCT
ftr-385	654	1	c	c	X
ftr-385	654	2	’s	’s	PART
ftr-385	654	3	initial	initial	ADJ
ftr-385	654	4	outside	outside	ADJ
ftr-385	654	5	basis	basis	NOUN
ftr-385	654	6	of	of	ADP
ftr-385	654	7	$	$	SYM
ftr-385	654	8	90	90	NUM
ftr-385	654	9	would	would	AUX
ftr-385	654	10	be	be	AUX
ftr-385	654	11	increased	increase	VERB
ftr-385	654	12	by	by	ADP
ftr-385	654	13	$	$	SYM
ftr-385	654	14	25	25	NUM
ftr-385	654	15	gain	gain	NOUN
ftr-385	654	16	recognized	recognize	VERB
ftr-385	654	17	and	and	CCONJ
ftr-385	654	18	reduced	reduce	VERB
ftr-385	654	19	by	by	ADP
ftr-385	654	20	$	$	SYM
ftr-385	654	21	5	5	NUM
ftr-385	654	22	cash	cash	NOUN
ftr-385	654	23	and	and	CCONJ
ftr-385	654	24	$	$	SYM
ftr-385	654	25	110	110	NUM
ftr-385	654	26	basis	basis	NOUN
ftr-385	654	27	of	of	ADP
ftr-385	654	28	distributed	distribute	VERB
ftr-385	654	29	property	property	NOUN
ftr-385	654	30	.	.	PUNCT
ftr-385	655	1	123	123	NUM
ftr-385	655	2	.	.	PUNCT
ftr-385	656	1	in	in	ADP
ftr-385	656	2	the	the	DET
ftr-385	656	3	case	case	NOUN
ftr-385	656	4	of	of	ADP
ftr-385	656	5	depreciable	depreciable	ADJ
ftr-385	656	6	property	property	NOUN
ftr-385	656	7	,	,	PUNCT
ftr-385	656	8	any	any	DET
ftr-385	656	9	reverse	reverse	NOUN
ftr-385	656	10	§	§	PROPN
ftr-385	656	11	704(c	704(c	PROPN
ftr-385	656	12	)	)	PUNCT
ftr-385	656	13	gain	gain	NOUN
ftr-385	656	14	(	(	PUNCT
ftr-385	656	15	including	include	VERB
ftr-385	656	16	potential	potential	ADJ
ftr-385	656	17	recapture	recapture	NOUN
ftr-385	656	18	)	)	PUNCT
ftr-385	656	19	will	will	AUX
ftr-385	656	20	be	be	AUX
ftr-385	656	21	eliminated	eliminate	VERB
ftr-385	656	22	over	over	ADP
ftr-385	656	23	time	time	NOUN
ftr-385	656	24	as	as	SCONJ
ftr-385	656	25	the	the	DET
ftr-385	656	26	property	property	NOUN
ftr-385	656	27	is	be	AUX
ftr-385	656	28	depreciated	depreciate	VERB
ftr-385	656	29	.	.	PUNCT
ftr-385	657	1	see	see	VERB
ftr-385	657	2	nysba	nysba	PROPN
ftr-385	657	3	report	report	NOUN
ftr-385	657	4	,	,	PUNCT
ftr-385	657	5	supra	supra	PROPN
ftr-385	657	6	note	note	NOUN
ftr-385	657	7	2	2	NUM
ftr-385	657	8	,	,	PUNCT
ftr-385	657	9	at	at	ADP
ftr-385	657	10	33	33	NUM
ftr-385	657	11	-	-	SYM
ftr-385	657	12	34	34	NUM
ftr-385	657	13	.	.	PUNCT
ftr-385	657	14	124	124	NUM
ftr-385	657	15	.	.	PUNCT
ftr-385	658	1	following	follow	VERB
ftr-385	658	2	the	the	DET
ftr-385	658	3	distribution	distribution	NOUN
ftr-385	658	4	,	,	PUNCT
ftr-385	658	5	the	the	DET
ftr-385	658	6	continuing	continue	VERB
ftr-385	658	7	partners	partner	NOUN
ftr-385	658	8	’	'	PUNCT
ftr-385	658	9	shares	share	NOUN
ftr-385	658	10	of	of	ADP
ftr-385	658	11	inside	inside	ADJ
ftr-385	658	12	basis	basis	NOUN
ftr-385	658	13	,	,	PUNCT
ftr-385	658	14	gain	gain	NOUN
ftr-385	658	15	and	and	CCONJ
ftr-385	658	16	value	value	NOUN
ftr-385	658	17	would	would	AUX
ftr-385	658	18	be	be	AUX
ftr-385	658	19	properly	properly	ADV
ftr-385	658	20	aligned	align	VERB
ftr-385	658	21	:	:	PUNCT
ftr-385	658	22	c	c	X
ftr-385	658	23	a	a	PRON
ftr-385	658	24	and	and	CCONJ
ftr-385	658	25	b	b	NOUN
ftr-385	658	26	share	share	NOUN
ftr-385	658	27	of	of	ADP
ftr-385	658	28	inside	inside	ADJ
ftr-385	658	29	basis	basis	NOUN
ftr-385	658	30	$	$	SYM
ftr-385	658	31	0	0	NUM
ftr-385	658	32	$	$	SYM
ftr-385	658	33	200	200	NUM
ftr-385	658	34	hot	hot	ADJ
ftr-385	658	35	asset	asset	NOUN
ftr-385	658	36	gain	gain	NOUN
ftr-385	658	37	5	5	NUM
ftr-385	658	38	60	60	NUM
ftr-385	658	39	cold	cold	ADJ
ftr-385	658	40	asset	asset	NOUN
ftr-385	658	41	gain	gain	NOUN
ftr-385	658	42	0	0	NUM
ftr-385	658	43	60	60	NUM
ftr-385	658	44	total	total	NOUN
ftr-385	658	45	$	$	SYM
ftr-385	658	46	5	5	NUM
ftr-385	658	47	$	$	SYM
ftr-385	658	48	320	320	NUM
ftr-385	658	49	125	125	NUM
ftr-385	658	50	.	.	PUNCT
ftr-385	659	1	on	on	ADP
ftr-385	659	2	a	a	DET
ftr-385	659	3	subsequent	subsequent	ADJ
ftr-385	659	4	sale	sale	NOUN
ftr-385	659	5	of	of	ADP
ftr-385	659	6	the	the	DET
ftr-385	659	7	§	§	PROPN
ftr-385	659	8	1245	1245	NUM
ftr-385	659	9	property	property	NOUN
ftr-385	659	10	,	,	PUNCT
ftr-385	659	11	the	the	DET
ftr-385	659	12	amount	amount	NOUN
ftr-385	659	13	of	of	ADP
ftr-385	659	14	recapture	recapture	NOUN
ftr-385	659	15	income	income	NOUN
ftr-385	659	16	could	could	AUX
ftr-385	659	17	be	be	AUX
ftr-385	659	18	limited	limit	VERB
ftr-385	659	19	to	to	PART
ftr-385	659	20	avoid	avoid	VERB
ftr-385	659	21	overstating	overstate	VERB
ftr-385	659	22	the	the	DET
ftr-385	659	23	continuing	continue	VERB
ftr-385	659	24	partners	partner	NOUN
ftr-385	659	25	’	'	PUNCT
ftr-385	659	26	ordinary	ordinary	ADJ
ftr-385	659	27	income	income	NOUN
ftr-385	659	28	.	.	PUNCT
ftr-385	660	1	because	because	SCONJ
ftr-385	660	2	c	c	X
ftr-385	660	3	’s	’s	PART
ftr-385	660	4	share	share	NOUN
ftr-385	660	5	of	of	ADP
ftr-385	660	6	booked	book	VERB
ftr-385	660	7	-	-	PUNCT
ftr-385	660	8	up	up	ADP
ftr-385	660	9	hot	hot	ADJ
ftr-385	660	10	asset	asset	NOUN
ftr-385	660	11	gain	gain	NOUN
ftr-385	660	12	is	be	AUX
ftr-385	660	13	$	$	SYM
ftr-385	660	14	30	30	NUM
ftr-385	660	15	and	and	CCONJ
ftr-385	660	16	the	the	DET
ftr-385	660	17	value	value	NOUN
ftr-385	660	18	of	of	ADP
ftr-385	660	19	c	c	PROPN
ftr-385	660	20	’s	’s	PART
ftr-385	660	21	retained	retain	VERB
ftr-385	660	22	interest	interest	NOUN
ftr-385	660	23	in	in	ADP
ftr-385	660	24	only	only	ADV
ftr-385	660	25	$	$	SYM
ftr-385	660	26	5	5	NUM
ftr-385	660	27	,	,	PUNCT
ftr-385	660	28	c	c	PROPN
ftr-385	660	29	should	should	AUX
ftr-385	660	30	be	be	AUX
ftr-385	660	31	required	require	VERB
ftr-385	660	32	to	to	PART
ftr-385	660	33	recognize	recognize	VERB
ftr-385	660	34	ordinary	ordinary	ADJ
ftr-385	660	35	income	income	NOUN
ftr-385	660	36	of	of	ADP
ftr-385	660	37	$	$	SYM
ftr-385	660	38	25	25	NUM
ftr-385	660	39	immediately	immediately	ADV
ftr-385	660	40	,	,	PUNCT
ftr-385	660	41	increasing	increase	VERB
ftr-385	660	42	c	c	X
ftr-385	660	43	’s	’s	NOUN
ftr-385	660	44	outside	outside	ADJ
ftr-385	660	45	basis	basis	NOUN
ftr-385	660	46	to	to	ADP
ftr-385	660	47	$	$	SYM
ftr-385	660	48	110	110	NUM
ftr-385	660	49	(	(	PUNCT
ftr-385	660	50	$	$	SYM
ftr-385	660	51	115	115	NUM
ftr-385	660	52	less	less	ADJ
ftr-385	660	53	$	$	SYM
ftr-385	660	54	5	5	NUM
ftr-385	660	55	cash	cash	NOUN
ftr-385	660	56	distributed	distribute	VERB
ftr-385	660	57	)	)	PUNCT
ftr-385	660	58	.	.	PUNCT
ftr-385	661	1	c	c	NOUN
ftr-385	661	2	should	should	AUX
ftr-385	661	3	take	take	VERB
ftr-385	661	4	a	a	DET
ftr-385	661	5	basis	basis	NOUN
ftr-385	661	6	of	of	ADP
ftr-385	661	7	$	$	SYM
ftr-385	661	8	110	110	NUM
ftr-385	661	9	in	in	ADP
ftr-385	661	10	the	the	DET
ftr-385	661	11	distributed	distribute	VERB
ftr-385	661	12	land	land	NOUN
ftr-385	661	13	(	(	PUNCT
ftr-385	661	14	$	$	SYM
ftr-385	661	15	90	90	NUM
ftr-385	661	16	inside	inside	ADP
ftr-385	661	17	basis	basis	NOUN
ftr-385	661	18	plus	plus	CCONJ
ftr-385	661	19	$	$	SYM
ftr-385	661	20	20	20	NUM
ftr-385	661	21	capital	capital	NOUN
ftr-385	661	22	gain	gain	NOUN
ftr-385	661	23	recognized	recognize	VERB
ftr-385	661	24	or	or	CCONJ
ftr-385	661	25	deferred	defer	VERB
ftr-385	661	26	by	by	ADP
ftr-385	661	27	nondistributee	nondistributee	NOUN
ftr-385	661	28	partners	partner	NOUN
ftr-385	661	29	)	)	PUNCT
ftr-385	661	30	,	,	PUNCT
ftr-385	661	31	preserving	preserve	VERB
ftr-385	661	32	c	c	PROPN
ftr-385	661	33	’s	’s	PART
ftr-385	661	34	share	share	NOUN
ftr-385	661	35	of	of	ADP
ftr-385	661	36	cold	cold	ADJ
ftr-385	661	37	asset	asset	NOUN
ftr-385	661	38	gain	gain	NOUN
ftr-385	661	39	(	(	PUNCT
ftr-385	661	40	$	$	SYM
ftr-385	661	41	40	40	NUM
ftr-385	661	42	)	)	PUNCT
ftr-385	661	43	.	.	PUNCT
ftr-385	662	1	c	c	AUX
ftr-385	662	2	’s	’s	X
ftr-385	662	3	outside	outside	ADJ
ftr-385	662	4	basis	basis	NOUN
ftr-385	662	5	(	(	PUNCT
ftr-385	662	6	and	and	CCONJ
ftr-385	662	7	share	share	NOUN
ftr-385	662	8	of	of	ADP
ftr-385	662	9	inside	inside	ADJ
ftr-385	662	10	basis	basis	NOUN
ftr-385	662	11	)	)	PUNCT
ftr-385	662	12	would	would	AUX
ftr-385	662	13	be	be	AUX
ftr-385	662	14	reduced	reduce	VERB
ftr-385	662	15	to	to	ADP
ftr-385	662	16	zero	zero	NUM
ftr-385	662	17	,	,	PUNCT
ftr-385	662	18	and	and	CCONJ
ftr-385	662	19	c	c	X
ftr-385	662	20	’s	’s	ADV
ftr-385	662	21	remaining	remain	VERB
ftr-385	662	22	share	share	NOUN
ftr-385	662	23	of	of	ADP
ftr-385	662	24	hot	hot	ADJ
ftr-385	662	25	asset	asset	NOUN
ftr-385	662	26	gain	gain	NOUN
ftr-385	662	27	would	would	AUX
ftr-385	662	28	be	be	AUX
ftr-385	662	29	reduced	reduce	VERB
ftr-385	662	30	to	to	ADP
ftr-385	662	31	$	$	SYM
ftr-385	662	32	5.122	5.122	NUM
ftr-385	662	33	the	the	DET
ftr-385	662	34	purchasing	purchase	VERB
ftr-385	662	35	partners	partner	NOUN
ftr-385	662	36	(	(	PUNCT
ftr-385	662	37	a	a	PRON
ftr-385	662	38	and	and	CCONJ
ftr-385	662	39	b	b	NOUN
ftr-385	662	40	)	)	PUNCT
ftr-385	662	41	should	should	AUX
ftr-385	662	42	generally	generally	ADV
ftr-385	662	43	enjoy	enjoy	VERB
ftr-385	662	44	the	the	DET
ftr-385	662	45	benefit	benefit	NOUN
ftr-385	662	46	of	of	ADP
ftr-385	662	47	future	future	ADJ
ftr-385	662	48	depreciation	depreciation	NOUN
ftr-385	662	49	deductions	deduction	NOUN
ftr-385	662	50	attributable	attributable	ADJ
ftr-385	662	51	to	to	ADP
ftr-385	662	52	the	the	DET
ftr-385	662	53	$	$	SYM
ftr-385	662	54	25	25	NUM
ftr-385	662	55	increase	increase	NOUN
ftr-385	662	56	in	in	ADP
ftr-385	662	57	the	the	DET
ftr-385	662	58	basis	basis	NOUN
ftr-385	662	59	of	of	ADP
ftr-385	662	60	the	the	DET
ftr-385	662	61	partnership	partnership	NOUN
ftr-385	662	62	’s	’s	PART
ftr-385	662	63	section	section	NOUN
ftr-385	662	64	1245	1245	NUM
ftr-385	662	65	property	property	NOUN
ftr-385	662	66	.	.	PUNCT
ftr-385	663	1	in	in	ADP
ftr-385	663	2	effect	effect	NOUN
ftr-385	663	3	,	,	PUNCT
ftr-385	663	4	a	a	PRON
ftr-385	663	5	and	and	CCONJ
ftr-385	663	6	b	b	NOUN
ftr-385	663	7	have	have	AUX
ftr-385	663	8	purchased	purchase	VERB
ftr-385	663	9	$	$	SYM
ftr-385	663	10	25	25	NUM
ftr-385	663	11	worth	worth	NOUN
ftr-385	663	12	of	of	ADP
ftr-385	663	13	c	c	PROPN
ftr-385	663	14	’s	’s	PART
ftr-385	663	15	interest	interest	NOUN
ftr-385	663	16	in	in	ADP
ftr-385	663	17	the	the	DET
ftr-385	663	18	partnership	partnership	NOUN
ftr-385	663	19	’s	’s	PART
ftr-385	663	20	section	section	NOUN
ftr-385	663	21	1245	1245	NUM
ftr-385	663	22	property	property	NOUN
ftr-385	663	23	in	in	ADP
ftr-385	663	24	exchange	exchange	NOUN
ftr-385	663	25	for	for	ADP
ftr-385	663	26	the	the	DET
ftr-385	663	27	shifted	shift	VERB
ftr-385	663	28	cold	cold	ADJ
ftr-385	663	29	asset	asset	NOUN
ftr-385	663	30	gain	gain	NOUN
ftr-385	663	31	in	in	ADP
ftr-385	663	32	the	the	DET
ftr-385	663	33	distributed	distribute	VERB
ftr-385	663	34	land	land	NOUN
ftr-385	663	35	(	(	PUNCT
ftr-385	663	36	$	$	SYM
ftr-385	663	37	20	20	NUM
ftr-385	663	38	)	)	PUNCT
ftr-385	663	39	plus	plus	CCONJ
ftr-385	663	40	cash	cash	NOUN
ftr-385	663	41	(	(	PUNCT
ftr-385	663	42	$	$	SYM
ftr-385	663	43	5	5	NUM
ftr-385	663	44	)	)	PUNCT
ftr-385	663	45	.	.	PUNCT
ftr-385	664	1	thus	thus	ADV
ftr-385	664	2	,	,	PUNCT
ftr-385	664	3	if	if	SCONJ
ftr-385	664	4	a	a	PRON
ftr-385	664	5	and	and	CCONJ
ftr-385	664	6	b	b	NOUN
ftr-385	664	7	recognize	recognize	VERB
ftr-385	664	8	capital	capital	NOUN
ftr-385	664	9	gain	gain	NOUN
ftr-385	664	10	of	of	ADP
ftr-385	664	11	$	$	SYM
ftr-385	664	12	20	20	NUM
ftr-385	664	13	immediately	immediately	ADV
ftr-385	664	14	,	,	PUNCT
ftr-385	664	15	they	they	PRON
ftr-385	664	16	should	should	AUX
ftr-385	664	17	be	be	AUX
ftr-385	664	18	entitled	entitle	VERB
ftr-385	664	19	to	to	ADP
ftr-385	664	20	the	the	DET
ftr-385	664	21	equivalent	equivalent	NOUN
ftr-385	664	22	of	of	ADP
ftr-385	664	23	a	a	DET
ftr-385	664	24	cost	cost	NOUN
ftr-385	664	25	basis	basis	NOUN
ftr-385	664	26	in	in	ADP
ftr-385	664	27	the	the	DET
ftr-385	664	28	purchased	purchase	VERB
ftr-385	664	29	portion	portion	NOUN
ftr-385	664	30	of	of	ADP
ftr-385	664	31	the	the	DET
ftr-385	664	32	section	section	NOUN
ftr-385	664	33	1245	1245	NUM
ftr-385	664	34	property	property	NOUN
ftr-385	664	35	.	.	PUNCT
ftr-385	665	1	accordingly	accordingly	ADV
ftr-385	665	2	,	,	PUNCT
ftr-385	665	3	the	the	DET
ftr-385	665	4	abc	abc	PROPN
ftr-385	665	5	partnership	partnership	PROPN
ftr-385	665	6	would	would	AUX
ftr-385	665	7	have	have	VERB
ftr-385	665	8	the	the	DET
ftr-385	665	9	following	follow	VERB
ftr-385	665	10	post-123	post-123	NOUN
ftr-385	665	11	distribution	distribution	NOUN
ftr-385	665	12	balance	balance	NOUN
ftr-385	665	13	sheet:124	sheet:124	PROPN
ftr-385	665	14	assets	asset	NOUN
ftr-385	665	15	basis	basis	NOUN
ftr-385	665	16	value	value	NOUN
ftr-385	665	17	capital	capital	NOUN
ftr-385	665	18	tax	tax	NOUN
ftr-385	665	19	book	book	NOUN
ftr-385	665	20	cash	cash	NOUN
ftr-385	665	21	$	$	SYM
ftr-385	665	22	55	55	NUM
ftr-385	665	23	$	$	SYM
ftr-385	665	24	55	55	NUM
ftr-385	665	25	a	a	DET
ftr-385	665	26	$	$	SYM
ftr-385	665	27	100	100	NUM
ftr-385	665	28	$	$	SYM
ftr-385	665	29	160	160	NUM
ftr-385	665	30	land	land	NOUN
ftr-385	665	31	90	90	NUM
ftr-385	665	32	150	150	NUM
ftr-385	665	33	b	b	NOUN
ftr-385	665	34	100	100	NUM
ftr-385	665	35	160	160	NUM
ftr-385	665	36	§	§	PROPN
ftr-385	665	37	1245	1245	NUM
ftr-385	665	38	property	property	NOUN
ftr-385	665	39	55	55	NUM
ftr-385	665	40	120	120	NUM
ftr-385	665	41	c	c	NOUN
ftr-385	665	42	0	0	NUM
ftr-385	665	43	5	5	NUM
ftr-385	665	44	total	total	NOUN
ftr-385	665	45	$	$	SYM
ftr-385	665	46	200	200	NUM
ftr-385	665	47	$	$	SYM
ftr-385	665	48	325	325	NUM
ftr-385	665	49	total	total	ADJ
ftr-385	665	50	$	$	SYM
ftr-385	665	51	200	200	NUM
ftr-385	665	52	$	$	SYM
ftr-385	665	53	325	325	NUM
ftr-385	666	1	if	if	SCONJ
ftr-385	666	2	a	a	PRON
ftr-385	666	3	and	and	CCONJ
ftr-385	666	4	b	b	NOUN
ftr-385	666	5	are	be	AUX
ftr-385	666	6	instead	instead	ADV
ftr-385	666	7	permitted	permit	VERB
ftr-385	666	8	to	to	PART
ftr-385	666	9	defer	defer	VERB
ftr-385	666	10	recognition	recognition	NOUN
ftr-385	666	11	of	of	ADP
ftr-385	666	12	capital	capital	NOUN
ftr-385	666	13	gain	gain	NOUN
ftr-385	666	14	,	,	PUNCT
ftr-385	666	15	they	they	PRON
ftr-385	666	16	should	should	AUX
ftr-385	666	17	be	be	AUX
ftr-385	666	18	denied	deny	VERB
ftr-385	666	19	a	a	DET
ftr-385	666	20	corresponding	correspond	VERB
ftr-385	666	21	$	$	SYM
ftr-385	666	22	20	20	NUM
ftr-385	666	23	upward	upward	ADJ
ftr-385	666	24	adjustment	adjustment	NOUN
ftr-385	666	25	to	to	ADP
ftr-385	666	26	the	the	DET
ftr-385	666	27	basis	basis	NOUN
ftr-385	666	28	of	of	ADP
ftr-385	666	29	the	the	DET
ftr-385	666	30	partnership	partnership	NOUN
ftr-385	666	31	’s	’s	PART
ftr-385	666	32	section	section	NOUN
ftr-385	666	33	1245	1245	NUM
ftr-385	666	34	property	property	NOUN
ftr-385	666	35	to	to	PART
ftr-385	666	36	avoid	avoid	VERB
ftr-385	666	37	inflating	inflate	VERB
ftr-385	666	38	depreciation	depreciation	NOUN
ftr-385	666	39	deductions.125	deductions.125	ADP
ftr-385	666	40	362	362	NUM
ftr-385	666	41	florida	florida	PROPN
ftr-385	666	42	tax	tax	NOUN
ftr-385	666	43	review	review	NOUN
ftr-385	666	44	[	[	X
ftr-385	666	45	vol.8:3	vol.8:3	NOUN
ftr-385	666	46	126	126	NUM
ftr-385	666	47	.	.	PUNCT
ftr-385	667	1	the	the	DET
ftr-385	667	2	sale	sale	NOUN
ftr-385	667	3	of	of	ADP
ftr-385	667	4	a	a	DET
ftr-385	667	5	partnership	partnership	NOUN
ftr-385	667	6	interest	interest	NOUN
ftr-385	667	7	with	with	ADP
ftr-385	667	8	a	a	DET
ftr-385	667	9	long	long	ADJ
ftr-385	667	10	-	-	PUNCT
ftr-385	667	11	term	term	NOUN
ftr-385	667	12	holding	holding	NOUN
ftr-385	667	13	period	period	NOUN
ftr-385	667	14	may	may	AUX
ftr-385	667	15	result	result	VERB
ftr-385	667	16	in	in	ADP
ftr-385	667	17	a	a	DET
ftr-385	667	18	combination	combination	NOUN
ftr-385	667	19	of	of	ADP
ftr-385	667	20	ordinary	ordinary	ADJ
ftr-385	667	21	income	income	NOUN
ftr-385	667	22	,	,	PUNCT
ftr-385	667	23	collectibles	collectible	NOUN
ftr-385	667	24	gain	gain	NOUN
ftr-385	667	25	(	(	PUNCT
ftr-385	667	26	taxed	tax	VERB
ftr-385	667	27	at	at	ADP
ftr-385	667	28	28	28	NUM
ftr-385	667	29	%	%	NOUN
ftr-385	667	30	)	)	PUNCT
ftr-385	667	31	,	,	PUNCT
ftr-385	667	32	§	§	PROPN
ftr-385	667	33	1250	1250	NUM
ftr-385	667	34	capital	capital	NOUN
ftr-385	667	35	gain	gain	NOUN
ftr-385	667	36	(	(	PUNCT
ftr-385	667	37	taxed	tax	VERB
ftr-385	667	38	at	at	ADP
ftr-385	667	39	25	25	NUM
ftr-385	667	40	%	%	NOUN
ftr-385	667	41	)	)	PUNCT
ftr-385	667	42	,	,	PUNCT
ftr-385	667	43	and	and	CCONJ
ftr-385	667	44	long	long	ADJ
ftr-385	667	45	-	-	PUNCT
ftr-385	667	46	term	term	NOUN
ftr-385	667	47	capital	capital	NOUN
ftr-385	667	48	gain	gain	NOUN
ftr-385	667	49	(	(	PUNCT
ftr-385	667	50	taxed	tax	VERB
ftr-385	667	51	at	at	ADP
ftr-385	667	52	15	15	NUM
ftr-385	667	53	%	%	NOUN
ftr-385	667	54	)	)	PUNCT
ftr-385	667	55	.	.	PUNCT
ftr-385	668	1	see	see	VERB
ftr-385	668	2	reg	reg	NOUN
ftr-385	668	3	.	.	PUNCT
ftr-385	669	1	§	§	PROPN
ftr-385	669	2	1.1(h)-1(b)(2)(ii	1.1(h)-1(b)(2)(ii	NUM
ftr-385	669	3	)	)	PUNCT
ftr-385	669	4	and	and	CCONJ
ftr-385	669	5	3(ii	3(ii	NUM
ftr-385	669	6	)	)	PUNCT
ftr-385	669	7	,	,	PUNCT
ftr-385	669	8	-1(c	-1(c	PROPN
ftr-385	669	9	)	)	PUNCT
ftr-385	669	10	.	.	PUNCT
ftr-385	670	1	127	127	NUM
ftr-385	670	2	.	.	PUNCT
ftr-385	671	1	see	see	VERB
ftr-385	671	2	william	william	PROPN
ftr-385	671	3	s.	s.	PROPN
ftr-385	671	4	mckee	mckee	PROPN
ftr-385	671	5	et	et	PROPN
ftr-385	671	6	al	al	PROPN
ftr-385	671	7	.	.	PROPN
ftr-385	671	8	,	,	PUNCT
ftr-385	671	9	federal	federal	ADJ
ftr-385	671	10	income	income	NOUN
ftr-385	671	11	taxation	taxation	NOUN
ftr-385	671	12	of	of	ADP
ftr-385	671	13	partnerships	partnership	NOUN
ftr-385	671	14	and	and	CCONJ
ftr-385	671	15	partners	partner	NOUN
ftr-385	671	16	¶	¶	PROPN
ftr-385	671	17	16.02[1	16.02[1	X
ftr-385	671	18	]	]	X
ftr-385	671	19	(	(	PUNCT
ftr-385	671	20	3d	3d	NUM
ftr-385	671	21	ed	ed	NOUN
ftr-385	671	22	.	.	PROPN
ftr-385	671	23	1997	1997	NUM
ftr-385	671	24	)	)	PUNCT
ftr-385	671	25	;	;	PUNCT
ftr-385	672	1	reg	reg	NOUN
ftr-385	672	2	.	.	PUNCT
ftr-385	673	1	§	§	PROPN
ftr-385	673	2	1.731	1.731	NUM
ftr-385	673	3	-	-	SYM
ftr-385	673	4	1(a)(3	1(a)(3	NUM
ftr-385	673	5	)	)	PUNCT
ftr-385	673	6	;	;	PUNCT
ftr-385	673	7	see	see	VERB
ftr-385	673	8	also	also	ADV
ftr-385	673	9	nysba	nysba	NOUN
ftr-385	673	10	report	report	NOUN
ftr-385	673	11	,	,	PUNCT
ftr-385	673	12	supra	supra	PROPN
ftr-385	673	13	note	note	NOUN
ftr-385	673	14	2	2	NUM
ftr-385	673	15	,	,	PUNCT
ftr-385	673	16	at	at	ADP
ftr-385	673	17	48	48	NUM
ftr-385	673	18	-	-	SYM
ftr-385	673	19	49	49	NUM
ftr-385	673	20	(	(	PUNCT
ftr-385	673	21	noting	note	VERB
ftr-385	673	22	that	that	SCONJ
ftr-385	673	23	,	,	PUNCT
ftr-385	673	24	by	by	ADP
ftr-385	673	25	analogy	analogy	NOUN
ftr-385	673	26	to	to	ADP
ftr-385	673	27	§	§	PROPN
ftr-385	673	28	751(a	751(a	PROPN
ftr-385	673	29	)	)	PUNCT
ftr-385	673	30	,	,	PUNCT
ftr-385	673	31	the	the	DET
ftr-385	673	32	treasury	treasury	NOUN
ftr-385	673	33	could	could	AUX
ftr-385	673	34	permit	permit	VERB
ftr-385	673	35	or	or	CCONJ
ftr-385	673	36	require	require	VERB
ftr-385	673	37	recharacterization	recharacterization	NOUN
ftr-385	673	38	of	of	ADP
ftr-385	673	39	gain	gain	NOUN
ftr-385	673	40	under	under	ADP
ftr-385	673	41	§	§	PROPN
ftr-385	673	42	731(a	731(a	PROPN
ftr-385	673	43	)	)	PUNCT
ftr-385	673	44	)	)	PUNCT
ftr-385	673	45	.	.	PUNCT
ftr-385	674	1	example	example	NOUN
ftr-385	674	2	(	(	PUNCT
ftr-385	674	3	6	6	NUM
ftr-385	674	4	)	)	PUNCT
ftr-385	674	5	reveals	reveal	VERB
ftr-385	674	6	the	the	DET
ftr-385	674	7	flaw	flaw	NOUN
ftr-385	674	8	in	in	ADP
ftr-385	674	9	the	the	DET
ftr-385	674	10	operation	operation	NOUN
ftr-385	674	11	of	of	ADP
ftr-385	674	12	section	section	NOUN
ftr-385	674	13	751(b	751(b	PROPN
ftr-385	674	14	)	)	PUNCT
ftr-385	674	15	when	when	SCONJ
ftr-385	674	16	the	the	DET
ftr-385	674	17	distributee	distributee	NOUN
ftr-385	674	18	relinquishes	relinquish	VERB
ftr-385	674	19	a	a	DET
ftr-385	674	20	share	share	NOUN
ftr-385	674	21	of	of	ADP
ftr-385	674	22	tepid	tepid	ADJ
ftr-385	674	23	asset	asset	NOUN
ftr-385	674	24	gain	gain	NOUN
ftr-385	674	25	:	:	PUNCT
ftr-385	674	26	section	section	PROPN
ftr-385	674	27	751(b	751(b	PROPN
ftr-385	674	28	)	)	PUNCT
ftr-385	674	29	does	do	AUX
ftr-385	674	30	not	not	PART
ftr-385	674	31	apply	apply	VERB
ftr-385	674	32	to	to	ADP
ftr-385	674	33	unrecaptured	unrecaptured	ADJ
ftr-385	674	34	section	section	NOUN
ftr-385	674	35	1250	1250	NUM
ftr-385	674	36	gain	gain	NOUN
ftr-385	674	37	and	and	CCONJ
ftr-385	674	38	the	the	DET
ftr-385	674	39	section	section	NOUN
ftr-385	674	40	755	755	NUM
ftr-385	674	41	basis	basis	NOUN
ftr-385	674	42	allocation	allocation	NOUN
ftr-385	674	43	rules	rule	NOUN
ftr-385	674	44	permit	permit	VERB
ftr-385	674	45	reallocation	reallocation	NOUN
ftr-385	674	46	of	of	ADP
ftr-385	674	47	basis	basis	NOUN
ftr-385	674	48	from	from	ADP
ftr-385	674	49	distributed	distribute	VERB
ftr-385	674	50	cold	cold	ADJ
ftr-385	674	51	assets	asset	NOUN
ftr-385	674	52	to	to	PART
ftr-385	674	53	retained	retain	VERB
ftr-385	674	54	tepid	tepid	ADJ
ftr-385	674	55	assets	asset	NOUN
ftr-385	674	56	.	.	PUNCT
ftr-385	675	1	the	the	DET
ftr-385	675	2	andrews	andrews	PROPN
ftr-385	675	3	proposals	proposal	NOUN
ftr-385	675	4	would	would	AUX
ftr-385	675	5	fix	fix	VERB
ftr-385	675	6	both	both	DET
ftr-385	675	7	flaws	flaw	NOUN
ftr-385	675	8	:	:	PUNCT
ftr-385	675	9	for	for	ADP
ftr-385	675	10	purposes	purpose	NOUN
ftr-385	675	11	of	of	ADP
ftr-385	675	12	both	both	DET
ftr-385	675	13	sections	section	NOUN
ftr-385	675	14	751(b	751(b	NOUN
ftr-385	675	15	)	)	PUNCT
ftr-385	675	16	and	and	CCONJ
ftr-385	675	17	755	755	NUM
ftr-385	675	18	,	,	PUNCT
ftr-385	675	19	tepid	tepid	ADJ
ftr-385	675	20	assets	asset	NOUN
ftr-385	675	21	would	would	AUX
ftr-385	675	22	be	be	AUX
ftr-385	675	23	treated	treat	VERB
ftr-385	675	24	as	as	ADP
ftr-385	675	25	belonging	belong	VERB
ftr-385	675	26	to	to	ADP
ftr-385	675	27	an	an	DET
ftr-385	675	28	intermediate	intermediate	ADJ
ftr-385	675	29	class	class	NOUN
ftr-385	675	30	on	on	ADP
ftr-385	675	31	the	the	DET
ftr-385	675	32	continuum	continuum	NOUN
ftr-385	675	33	between	between	ADP
ftr-385	675	34	hot	hot	ADJ
ftr-385	675	35	and	and	CCONJ
ftr-385	675	36	cold	cold	ADJ
ftr-385	675	37	assets	asset	NOUN
ftr-385	675	38	.	.	PUNCT
ftr-385	676	1	under	under	ADP
ftr-385	676	2	current	current	ADJ
ftr-385	676	3	law	law	NOUN
ftr-385	676	4	,	,	PUNCT
ftr-385	676	5	sale	sale	NOUN
ftr-385	676	6	of	of	ADP
ftr-385	676	7	a	a	DET
ftr-385	676	8	partnership	partnership	NOUN
ftr-385	676	9	interest	interest	NOUN
ftr-385	676	10	triggers	trigger	VERB
ftr-385	676	11	tepid	tepid	ADJ
ftr-385	676	12	asset	asset	NOUN
ftr-385	676	13	gain	gain	NOUN
ftr-385	676	14	under	under	ADP
ftr-385	676	15	rules	rule	NOUN
ftr-385	676	16	similar	similar	ADJ
ftr-385	676	17	to	to	ADP
ftr-385	676	18	those	those	PRON
ftr-385	676	19	applicable	applicable	ADJ
ftr-385	676	20	to	to	ADP
ftr-385	676	21	hot	hot	ADJ
ftr-385	676	22	asset	asset	NOUN
ftr-385	676	23	gain	gain	NOUN
ftr-385	676	24	.	.	PUNCT
ftr-385	677	1	tepid	tepid	ADJ
ftr-385	677	2	asset	asset	NOUN
ftr-385	677	3	gain	gain	NOUN
ftr-385	677	4	is	be	AUX
ftr-385	677	5	taxed	tax	VERB
ftr-385	677	6	as	as	SCONJ
ftr-385	677	7	if	if	SCONJ
ftr-385	677	8	the126	the126	NOUN
ftr-385	677	9	partnership	partnership	NOUN
ftr-385	677	10	sold	sell	VERB
ftr-385	677	11	the	the	DET
ftr-385	677	12	underlying	underlie	VERB
ftr-385	677	13	assets	asset	NOUN
ftr-385	677	14	and	and	CCONJ
ftr-385	677	15	allocated	allocate	VERB
ftr-385	677	16	such	such	ADJ
ftr-385	677	17	gain	gain	NOUN
ftr-385	677	18	to	to	ADP
ftr-385	677	19	the	the	DET
ftr-385	677	20	partners	partner	NOUN
ftr-385	677	21	in	in	ADP
ftr-385	677	22	accordance	accordance	NOUN
ftr-385	677	23	with	with	ADP
ftr-385	677	24	their	their	PRON
ftr-385	677	25	profit	profit	NOUN
ftr-385	677	26	-	-	PUNCT
ftr-385	677	27	sharing	share	VERB
ftr-385	677	28	ratios	ratio	NOUN
ftr-385	677	29	.	.	PUNCT
ftr-385	678	1	since	since	SCONJ
ftr-385	678	2	sections	section	NOUN
ftr-385	678	3	751(a	751(a	NUM
ftr-385	678	4	)	)	PUNCT
ftr-385	678	5	and	and	CCONJ
ftr-385	678	6	751(b	751(b	NOUN
ftr-385	678	7	)	)	PUNCT
ftr-385	678	8	were	be	AUX
ftr-385	678	9	intended	intend	VERB
ftr-385	678	10	to	to	PART
ftr-385	678	11	operate	operate	VERB
ftr-385	678	12	in	in	ADP
ftr-385	678	13	tandem	tandem	PROPN
ftr-385	678	14	,	,	PUNCT
ftr-385	678	15	there	there	PRON
ftr-385	678	16	is	be	VERB
ftr-385	678	17	no	no	DET
ftr-385	678	18	policy	policy	NOUN
ftr-385	678	19	reason	reason	NOUN
ftr-385	678	20	to	to	PART
ftr-385	678	21	carve	carve	VERB
ftr-385	678	22	out	out	ADP
ftr-385	678	23	tepid	tepid	ADJ
ftr-385	678	24	asset	asset	NOUN
ftr-385	678	25	gain	gain	NOUN
ftr-385	678	26	solely	solely	ADV
ftr-385	678	27	for	for	ADP
ftr-385	678	28	purposes	purpose	NOUN
ftr-385	678	29	of	of	ADP
ftr-385	678	30	§	§	PROPN
ftr-385	678	31	751(a	751(a	PROPN
ftr-385	678	32	)	)	PUNCT
ftr-385	678	33	.	.	PUNCT
ftr-385	679	1	extending	extend	VERB
ftr-385	679	2	hot	hot	ADJ
ftr-385	679	3	asset	asset	NOUN
ftr-385	679	4	sale	sale	NOUN
ftr-385	679	5	treatment	treatment	NOUN
ftr-385	679	6	to	to	ADP
ftr-385	679	7	tepid	tepid	ADJ
ftr-385	679	8	assets	asset	NOUN
ftr-385	679	9	is	be	AUX
ftr-385	679	10	thus	thus	ADV
ftr-385	679	11	essential	essential	ADJ
ftr-385	679	12	to	to	PART
ftr-385	679	13	restore	restore	VERB
ftr-385	679	14	parity	parity	NOUN
ftr-385	679	15	between	between	ADP
ftr-385	679	16	sections	section	NOUN
ftr-385	679	17	751(a	751(a	NUM
ftr-385	679	18	)	)	PUNCT
ftr-385	679	19	and	and	CCONJ
ftr-385	679	20	751(b	751(b	NOUN
ftr-385	679	21	)	)	PUNCT
ftr-385	679	22	.	.	PUNCT
ftr-385	680	1	example	example	NOUN
ftr-385	680	2	(	(	PUNCT
ftr-385	680	3	7	7	NUM
ftr-385	680	4	):	):	PUNCT
ftr-385	680	5	assume	assume	VERB
ftr-385	680	6	that	that	SCONJ
ftr-385	680	7	the	the	DET
ftr-385	680	8	equal	equal	ADJ
ftr-385	680	9	ab	ab	PROPN
ftr-385	680	10	partnership	partnership	NOUN
ftr-385	680	11	has	have	VERB
ftr-385	680	12	cash	cash	NOUN
ftr-385	680	13	of	of	ADP
ftr-385	680	14	$	$	SYM
ftr-385	680	15	100	100	NUM
ftr-385	680	16	and	and	CCONJ
ftr-385	680	17	zero	zero	NUM
ftr-385	680	18	-	-	PUNCT
ftr-385	680	19	basis	basis	NOUN
ftr-385	680	20	section	section	NOUN
ftr-385	680	21	1250	1250	NUM
ftr-385	680	22	property	property	NOUN
ftr-385	680	23	worth	worth	ADJ
ftr-385	680	24	$	$	SYM
ftr-385	680	25	100	100	NUM
ftr-385	680	26	,	,	PUNCT
ftr-385	680	27	and	and	CCONJ
ftr-385	680	28	each	each	DET
ftr-385	680	29	partner	partner	NOUN
ftr-385	680	30	has	have	VERB
ftr-385	680	31	an	an	DET
ftr-385	680	32	outside	outside	ADJ
ftr-385	680	33	basis	basis	NOUN
ftr-385	680	34	of	of	ADP
ftr-385	680	35	$	$	SYM
ftr-385	680	36	50	50	NUM
ftr-385	680	37	.	.	PUNCT
ftr-385	681	1	if	if	SCONJ
ftr-385	681	2	a	a	PRON
ftr-385	681	3	receives	receive	VERB
ftr-385	681	4	a	a	DET
ftr-385	681	5	cash	cash	NOUN
ftr-385	681	6	distribution	distribution	NOUN
ftr-385	681	7	of	of	ADP
ftr-385	681	8	$	$	SYM
ftr-385	681	9	75	75	NUM
ftr-385	681	10	,	,	PUNCT
ftr-385	681	11	a	a	PRON
ftr-385	681	12	recognizes	recognize	VERB
ftr-385	681	13	capital	capital	NOUN
ftr-385	681	14	gain	gain	NOUN
ftr-385	681	15	of	of	ADP
ftr-385	681	16	$	$	SYM
ftr-385	681	17	25	25	NUM
ftr-385	681	18	,	,	PUNCT
ftr-385	681	19	triggering	trigger	VERB
ftr-385	681	20	an	an	DET
ftr-385	681	21	upward	upward	ADJ
ftr-385	681	22	section	section	NOUN
ftr-385	681	23	734(b	734(b	NOUN
ftr-385	681	24	)	)	PUNCT
ftr-385	681	25	adjustment	adjustment	NOUN
ftr-385	681	26	.	.	PUNCT
ftr-385	682	1	since	since	SCONJ
ftr-385	682	2	a	a	PRON
ftr-385	682	3	has	have	AUX
ftr-385	682	4	effectively	effectively	ADV
ftr-385	682	5	sold	sell	VERB
ftr-385	682	6	three	three	NUM
ftr-385	682	7	-	-	PUNCT
ftr-385	682	8	fourths	fourth	NOUN
ftr-385	682	9	of	of	ADP
ftr-385	682	10	a	a	DET
ftr-385	682	11	’s	’s	NOUN
ftr-385	682	12	partnership	partnership	NOUN
ftr-385	682	13	interest	interest	NOUN
ftr-385	682	14	for	for	ADP
ftr-385	682	15	cash	cash	NOUN
ftr-385	682	16	,	,	PUNCT
ftr-385	682	17	it	it	PRON
ftr-385	682	18	might	might	AUX
ftr-385	682	19	appear	appear	VERB
ftr-385	682	20	that	that	SCONJ
ftr-385	682	21	section	section	NOUN
ftr-385	682	22	751(a	751(a	NUM
ftr-385	682	23	)	)	PUNCT
ftr-385	682	24	–	–	PUNCT
ftr-385	682	25	the	the	DET
ftr-385	682	26	provision	provision	NOUN
ftr-385	682	27	governing	govern	VERB
ftr-385	682	28	sales	sale	NOUN
ftr-385	682	29	of	of	ADP
ftr-385	682	30	partnership	partnership	NOUN
ftr-385	682	31	interests	interest	NOUN
ftr-385	682	32	would	would	AUX
ftr-385	682	33	apply	apply	VERB
ftr-385	682	34	to	to	ADP
ftr-385	682	35	tax	tax	VERB
ftr-385	682	36	a	a	DET
ftr-385	682	37	’s	’s	ADV
ftr-385	682	38	recognized	recognize	VERB
ftr-385	682	39	capital	capital	NOUN
ftr-385	682	40	gain	gain	NOUN
ftr-385	682	41	of	of	ADP
ftr-385	682	42	$	$	SYM
ftr-385	682	43	25	25	NUM
ftr-385	682	44	at	at	ADP
ftr-385	682	45	the	the	DET
ftr-385	682	46	rate	rate	NOUN
ftr-385	682	47	applicable	applicable	ADJ
ftr-385	682	48	to	to	ADP
ftr-385	682	49	unrecaptured	unrecaptured	ADJ
ftr-385	682	50	section	section	NOUN
ftr-385	682	51	1250	1250	NUM
ftr-385	682	52	gain	gain	NOUN
ftr-385	682	53	.	.	PUNCT
ftr-385	683	1	nevertheless	nevertheless	ADV
ftr-385	683	2	,	,	PUNCT
ftr-385	683	3	the	the	DET
ftr-385	683	4	overall	overall	ADJ
ftr-385	683	5	statutory	statutory	ADJ
ftr-385	683	6	scheme	scheme	NOUN
ftr-385	683	7	,	,	PUNCT
ftr-385	683	8	historical	historical	ADJ
ftr-385	683	9	background	background	NOUN
ftr-385	683	10	,	,	PUNCT
ftr-385	683	11	and	and	CCONJ
ftr-385	683	12	existing	exist	VERB
ftr-385	683	13	regulations	regulation	NOUN
ftr-385	683	14	make	make	VERB
ftr-385	683	15	it	it	PRON
ftr-385	683	16	clear	clear	ADJ
ftr-385	683	17	that	that	SCONJ
ftr-385	683	18	section	section	NOUN
ftr-385	683	19	751(b	751(b	PROPN
ftr-385	683	20	)	)	PUNCT
ftr-385	683	21	rather	rather	ADV
ftr-385	683	22	than	than	ADP
ftr-385	683	23	section	section	NOUN
ftr-385	683	24	751(a	751(a	NUM
ftr-385	683	25	)	)	PUNCT
ftr-385	683	26	is	be	AUX
ftr-385	683	27	the	the	DET
ftr-385	683	28	controlling	control	VERB
ftr-385	683	29	provision	provision	NOUN
ftr-385	683	30	for	for	ADP
ftr-385	683	31	recharacterizing	recharacterize	VERB
ftr-385	683	32	gain	gain	NOUN
ftr-385	683	33	on	on	ADP
ftr-385	683	34	a	a	DET
ftr-385	683	35	partnership	partnership	NOUN
ftr-385	683	36	distribution	distribution	NOUN
ftr-385	683	37	(	(	PUNCT
ftr-385	683	38	whether	whether	SCONJ
ftr-385	683	39	current	current	ADJ
ftr-385	683	40	or	or	CCONJ
ftr-385	683	41	liquidating	liquidating	NOUN
ftr-385	683	42	)	)	PUNCT
ftr-385	683	43	.	.	PUNCT
ftr-385	684	1	but	but	CCONJ
ftr-385	684	2	,	,	PUNCT
ftr-385	684	3	unlike	unlike	ADP
ftr-385	684	4	section	section	NOUN
ftr-385	684	5	751(a	751(a	PROPN
ftr-385	684	6	)	)	PUNCT
ftr-385	684	7	,	,	PUNCT
ftr-385	684	8	section	section	NOUN
ftr-385	684	9	751(b	751(b	PROPN
ftr-385	684	10	)	)	PUNCT
ftr-385	684	11	applies	apply	VERB
ftr-385	684	12	only	only	ADV
ftr-385	684	13	to	to	AUX
ftr-385	684	14	hot127	hot127	VERB
ftr-385	684	15	(	(	PUNCT
ftr-385	684	16	not	not	PART
ftr-385	684	17	tepid	tepid	ADJ
ftr-385	684	18	)	)	PUNCT
ftr-385	684	19	asset	asset	NOUN
ftr-385	684	20	shifts	shift	NOUN
ftr-385	684	21	.	.	PUNCT
ftr-385	685	1	worse	bad	ADJ
ftr-385	685	2	yet	yet	ADV
ftr-385	685	3	,	,	PUNCT
ftr-385	685	4	the	the	DET
ftr-385	685	5	upward	upward	ADJ
ftr-385	685	6	section	section	NOUN
ftr-385	685	7	734(b	734(b	PROPN
ftr-385	685	8	)	)	PUNCT
ftr-385	685	9	basis	basis	NOUN
ftr-385	685	10	adjustment	adjustment	NOUN
ftr-385	685	11	potentially	potentially	ADV
ftr-385	685	12	eliminates	eliminate	VERB
ftr-385	685	13	$	$	SYM
ftr-385	685	14	25	25	NUM
ftr-385	685	15	of	of	ADP
ftr-385	685	16	tepid	tepid	ADJ
ftr-385	685	17	asset	asset	NOUN
ftr-385	685	18	gain	gain	NOUN
ftr-385	685	19	inside	inside	ADP
ftr-385	685	20	the	the	DET
ftr-385	685	21	partnership	partnership	NOUN
ftr-385	685	22	and	and	CCONJ
ftr-385	685	23	generates	generate	VERB
ftr-385	685	24	future	future	ADJ
ftr-385	685	25	depreciation	depreciation	NOUN
ftr-385	685	26	deductions	deduction	NOUN
ftr-385	685	27	.	.	PUNCT
ftr-385	686	1	as	as	ADP
ftr-385	686	2	a	a	DET
ftr-385	686	3	policy	policy	NOUN
ftr-385	686	4	matter	matter	NOUN
ftr-385	686	5	,	,	PUNCT
ftr-385	686	6	a	a	DET
ftr-385	686	7	’s	’s	ADJ
ftr-385	686	8	gain	gain	NOUN
ftr-385	686	9	should	should	AUX
ftr-385	686	10	be	be	AUX
ftr-385	686	11	taxed	tax	VERB
ftr-385	686	12	in	in	ADP
ftr-385	686	13	the	the	DET
ftr-385	686	14	same	same	ADJ
ftr-385	686	15	manner	manner	NOUN
ftr-385	686	16	as	as	SCONJ
ftr-385	686	17	if	if	SCONJ
ftr-385	686	18	a	a	PRON
ftr-385	686	19	had	have	AUX
ftr-385	686	20	sold	sell	VERB
ftr-385	686	21	her	her	PRON
ftr-385	686	22	interest	interest	NOUN
ftr-385	686	23	in	in	ADP
ftr-385	686	24	a	a	DET
ftr-385	686	25	portion	portion	NOUN
ftr-385	686	26	of	of	ADP
ftr-385	686	27	the	the	DET
ftr-385	686	28	partnership	partnership	NOUN
ftr-385	686	29	’s	’s	PART
ftr-385	686	30	section	section	NOUN
ftr-385	686	31	1250	1250	NUM
ftr-385	686	32	property	property	NOUN
ftr-385	686	33	,	,	PUNCT
ftr-385	686	34	regardless	regardless	ADV
ftr-385	686	35	of	of	ADP
ftr-385	686	36	whether	whether	SCONJ
ftr-385	686	37	section	section	NOUN
ftr-385	686	38	751(a	751(a	NUM
ftr-385	686	39	)	)	PUNCT
ftr-385	686	40	or	or	CCONJ
ftr-385	686	41	section	section	NOUN
ftr-385	686	42	751(b	751(b	PROPN
ftr-385	686	43	)	)	PUNCT
ftr-385	686	44	applies	apply	VERB
ftr-385	686	45	.	.	PUNCT
ftr-385	687	1	indeed	indeed	ADV
ftr-385	687	2	,	,	PUNCT
ftr-385	687	3	it	it	PRON
ftr-385	687	4	is	be	AUX
ftr-385	687	5	quite	quite	ADV
ftr-385	687	6	clear	clear	ADJ
ftr-385	687	7	that	that	SCONJ
ftr-385	687	8	congress	congress	PROPN
ftr-385	687	9	originally	originally	ADV
ftr-385	687	10	intended	intend	VERB
ftr-385	687	11	sections	section	NOUN
ftr-385	687	12	751(a	751(a	NUM
ftr-385	687	13	)	)	PUNCT
ftr-385	687	14	and	and	CCONJ
ftr-385	687	15	751(b	751(b	NOUN
ftr-385	687	16	)	)	PUNCT
ftr-385	687	17	to	to	PART
ftr-385	687	18	reach	reach	VERB
ftr-385	687	19	essentially	essentially	ADV
ftr-385	687	20	the	the	DET
ftr-385	687	21	same	same	ADJ
ftr-385	687	22	result	result	NOUN
ftr-385	687	23	:	:	PUNCT
ftr-385	687	24	a	a	DET
ftr-385	687	25	nonprorata	nonprorata	ADJ
ftr-385	687	26	current	current	ADJ
ftr-385	687	27	distribution	distribution	NOUN
ftr-385	687	28	that	that	PRON
ftr-385	687	29	alters	alter	VERB
ftr-385	687	30	2007	2007	NUM
ftr-385	687	31	]	]	PUNCT
ftr-385	687	32	taxing	tax	VERB
ftr-385	687	33	hot	hot	ADJ
ftr-385	687	34	asset	asset	NOUN
ftr-385	687	35	shifts	shift	NOUN
ftr-385	687	36	363	363	NUM
ftr-385	687	37	128	128	NUM
ftr-385	687	38	.	.	PUNCT
ftr-385	688	1	see	see	PROPN
ftr-385	688	2	andrews	andrews	PROPN
ftr-385	688	3	,	,	PUNCT
ftr-385	688	4	supra	supra	PROPN
ftr-385	688	5	note	note	PROPN
ftr-385	688	6	5	5	NUM
ftr-385	688	7	,	,	PUNCT
ftr-385	688	8	at	at	ADP
ftr-385	688	9	55	55	NUM
ftr-385	688	10	n.178	n.178	NOUN
ftr-385	688	11	.	.	PUNCT
ftr-385	689	1	129	129	NUM
ftr-385	689	2	.	.	PUNCT
ftr-385	690	1	see	see	VERB
ftr-385	690	2	irc	irc	PROPN
ftr-385	690	3	§	§	PROPN
ftr-385	690	4	732(c	732(c	PROPN
ftr-385	690	5	)	)	PUNCT
ftr-385	690	6	.	.	PUNCT
ftr-385	691	1	the	the	DET
ftr-385	691	2	partners	partner	NOUN
ftr-385	691	3	’	’	PART
ftr-385	691	4	percentage	percentage	NOUN
ftr-385	691	5	interests	interest	NOUN
ftr-385	691	6	in	in	ADP
ftr-385	691	7	the	the	DET
ftr-385	691	8	partnership	partnership	NOUN
ftr-385	691	9	is	be	AUX
ftr-385	691	10	economically	economically	ADV
ftr-385	691	11	equivalent	equivalent	ADJ
ftr-385	691	12	to	to	ADP
ftr-385	691	13	a	a	DET
ftr-385	691	14	sale	sale	NOUN
ftr-385	691	15	of	of	ADP
ftr-385	691	16	a	a	DET
ftr-385	691	17	ratable	ratable	ADJ
ftr-385	691	18	portion	portion	NOUN
ftr-385	691	19	of	of	ADP
ftr-385	691	20	the	the	DET
ftr-385	691	21	distributee	distributee	NOUN
ftr-385	691	22	’s	’s	PART
ftr-385	691	23	partnership	partnership	NOUN
ftr-385	691	24	interest	interest	NOUN
ftr-385	691	25	to	to	ADP
ftr-385	691	26	the	the	DET
ftr-385	691	27	continuing	continue	VERB
ftr-385	691	28	partners	partner	NOUN
ftr-385	691	29	.	.	PUNCT
ftr-385	692	1	since	since	SCONJ
ftr-385	692	2	section	section	NOUN
ftr-385	692	3	751(a	751(a	NUM
ftr-385	692	4	)	)	PUNCT
ftr-385	692	5	now	now	ADV
ftr-385	692	6	requires	require	VERB
ftr-385	692	7	section	section	NOUN
ftr-385	692	8	1250	1250	NUM
ftr-385	692	9	gain	gain	NOUN
ftr-385	692	10	to	to	PART
ftr-385	692	11	be	be	AUX
ftr-385	692	12	determined	determine	VERB
ftr-385	692	13	separately	separately	ADV
ftr-385	692	14	on	on	ADP
ftr-385	692	15	sale	sale	NOUN
ftr-385	692	16	of	of	ADP
ftr-385	692	17	a	a	DET
ftr-385	692	18	partnership	partnership	NOUN
ftr-385	692	19	interest	interest	NOUN
ftr-385	692	20	,	,	PUNCT
ftr-385	692	21	however	however	ADV
ftr-385	692	22	,	,	PUNCT
ftr-385	692	23	the	the	DET
ftr-385	692	24	two	two	NUM
ftr-385	692	25	provisions	provision	NOUN
ftr-385	692	26	are	be	AUX
ftr-385	692	27	not	not	PART
ftr-385	692	28	longer	long	ADV
ftr-385	692	29	congruent	congruent	ADJ
ftr-385	692	30	.	.	PUNCT
ftr-385	693	1	thus	thus	ADV
ftr-385	693	2	,	,	PUNCT
ftr-385	693	3	unrecaptured	unrecaptured	ADJ
ftr-385	693	4	section	section	NOUN
ftr-385	693	5	1250	1250	NUM
ftr-385	693	6	gain	gain	NOUN
ftr-385	693	7	may	may	AUX
ftr-385	693	8	be	be	AUX
ftr-385	693	9	taxed	tax	VERB
ftr-385	693	10	more	more	ADV
ftr-385	693	11	lightly	lightly	ADV
ftr-385	693	12	on	on	ADP
ftr-385	693	13	a	a	DET
ftr-385	693	14	cash	cash	NOUN
ftr-385	693	15	distribution	distribution	NOUN
ftr-385	693	16	in	in	ADP
ftr-385	693	17	liquidation	liquidation	NOUN
ftr-385	693	18	(	(	PUNCT
ftr-385	693	19	or	or	CCONJ
ftr-385	693	20	partial	partial	ADJ
ftr-385	693	21	liquidation	liquidation	NOUN
ftr-385	693	22	)	)	PUNCT
ftr-385	693	23	of	of	ADP
ftr-385	693	24	a	a	DET
ftr-385	693	25	partner	partner	NOUN
ftr-385	693	26	’s	’s	PART
ftr-385	693	27	interest	interest	NOUN
ftr-385	693	28	than	than	ADP
ftr-385	693	29	on	on	ADP
ftr-385	693	30	sale	sale	NOUN
ftr-385	693	31	of	of	ADP
ftr-385	693	32	a	a	DET
ftr-385	693	33	partnership	partnership	NOUN
ftr-385	693	34	interest	interest	NOUN
ftr-385	693	35	.	.	PUNCT
ftr-385	694	1	yet	yet	ADV
ftr-385	694	2	,	,	PUNCT
ftr-385	694	3	the	the	DET
ftr-385	694	4	continuing	continue	VERB
ftr-385	694	5	partners	partner	NOUN
ftr-385	694	6	receive	receive	VERB
ftr-385	694	7	the	the	DET
ftr-385	694	8	same	same	ADJ
ftr-385	694	9	beneficial	beneficial	ADJ
ftr-385	694	10	treatment	treatment	NOUN
ftr-385	694	11	as	as	ADP
ftr-385	694	12	a	a	DET
ftr-385	694	13	third	third	ADJ
ftr-385	694	14	-	-	PUNCT
ftr-385	694	15	party	party	NOUN
ftr-385	694	16	purchaser	purchaser	NOUN
ftr-385	694	17	to	to	ADP
ftr-385	694	18	the	the	DET
ftr-385	694	19	extent	extent	NOUN
ftr-385	694	20	that	that	SCONJ
ftr-385	694	21	any	any	DET
ftr-385	694	22	upward	upward	ADJ
ftr-385	694	23	section	section	NOUN
ftr-385	694	24	734(b	734(b	NOUN
ftr-385	694	25	)	)	PUNCT
ftr-385	694	26	adjustment	adjustment	NOUN
ftr-385	694	27	eliminates	eliminate	VERB
ftr-385	694	28	section	section	NOUN
ftr-385	694	29	1250	1250	NUM
ftr-385	694	30	gain	gain	NOUN
ftr-385	694	31	inside	inside	ADP
ftr-385	694	32	the	the	DET
ftr-385	694	33	partnership	partnership	NOUN
ftr-385	694	34	.	.	PUNCT
ftr-385	695	1	in	in	ADP
ftr-385	695	2	connection	connection	NOUN
ftr-385	695	3	with	with	ADP
ftr-385	695	4	revision	revision	NOUN
ftr-385	695	5	of	of	ADP
ftr-385	695	6	the	the	DET
ftr-385	695	7	section	section	NOUN
ftr-385	695	8	751(b	751(b	PROPN
ftr-385	695	9	)	)	PUNCT
ftr-385	695	10	regulations	regulation	NOUN
ftr-385	695	11	,	,	PUNCT
ftr-385	695	12	the	the	DET
ftr-385	695	13	treasury	treasury	NOUN
ftr-385	695	14	should	should	AUX
ftr-385	695	15	consider	consider	VERB
ftr-385	695	16	whether	whether	SCONJ
ftr-385	695	17	it	it	PRON
ftr-385	695	18	has	have	VERB
ftr-385	695	19	authority	authority	NOUN
ftr-385	695	20	to	to	PART
ftr-385	695	21	expand	expand	VERB
ftr-385	695	22	the	the	DET
ftr-385	695	23	hot	hot	ADJ
ftr-385	695	24	asset	asset	NOUN
ftr-385	695	25	sale	sale	NOUN
ftr-385	695	26	approach	approach	NOUN
ftr-385	695	27	to	to	ADP
ftr-385	695	28	shifts	shift	NOUN
ftr-385	695	29	in	in	ADP
ftr-385	695	30	tepid	tepid	ADJ
ftr-385	695	31	asset	asset	NOUN
ftr-385	695	32	gain	gain	NOUN
ftr-385	695	33	.	.	PUNCT
ftr-385	696	1	indeed	indeed	ADV
ftr-385	696	2	,	,	PUNCT
ftr-385	696	3	a	a	DET
ftr-385	696	4	more	more	ADV
ftr-385	696	5	far	far	ADV
ftr-385	696	6	reaching	reach	VERB
ftr-385	696	7	proposal	proposal	NOUN
ftr-385	696	8	would	would	AUX
ftr-385	696	9	be	be	AUX
ftr-385	696	10	to	to	PART
ftr-385	696	11	dispense	dispense	VERB
ftr-385	696	12	with	with	ADP
ftr-385	696	13	section	section	NOUN
ftr-385	696	14	751(b	751(b	PROPN
ftr-385	696	15	)	)	PUNCT
ftr-385	696	16	entirely	entirely	ADV
ftr-385	696	17	and	and	CCONJ
ftr-385	696	18	instead	instead	ADV
ftr-385	696	19	specify	specify	VERB
ftr-385	696	20	gain	gain	NOUN
ftr-385	696	21	(	(	PUNCT
ftr-385	696	22	or	or	CCONJ
ftr-385	696	23	loss	loss	NOUN
ftr-385	696	24	)	)	PUNCT
ftr-385	696	25	recognition	recognition	NOUN
ftr-385	696	26	and	and	CCONJ
ftr-385	696	27	basis	basis	NOUN
ftr-385	696	28	consequences	consequence	NOUN
ftr-385	696	29	entirely	entirely	ADV
ftr-385	696	30	under	under	ADP
ftr-385	696	31	sections	section	NOUN
ftr-385	696	32	731	731	NUM
ftr-385	696	33	and	and	CCONJ
ftr-385	696	34	732	732	NUM
ftr-385	696	35	.	.	PUNCT
ftr-385	697	1	in	in	ADP
ftr-385	697	2	terms	term	NOUN
ftr-385	697	3	of	of	ADP
ftr-385	697	4	gain	gain	NOUN
ftr-385	697	5	(	(	PUNCT
ftr-385	697	6	or	or	CCONJ
ftr-385	697	7	loss	loss	NOUN
ftr-385	697	8	)	)	PUNCT
ftr-385	697	9	recognition	recognition	NOUN
ftr-385	697	10	,	,	PUNCT
ftr-385	697	11	the	the	DET
ftr-385	697	12	distributee	distributee	NOUN
ftr-385	697	13	and	and	CCONJ
ftr-385	697	14	nondistributee128	nondistributee128	NOUN
ftr-385	697	15	partners	partner	NOUN
ftr-385	697	16	would	would	AUX
ftr-385	697	17	be	be	AUX
ftr-385	697	18	required	require	VERB
ftr-385	697	19	to	to	PART
ftr-385	697	20	recognize	recognize	VERB
ftr-385	697	21	hot	hot	ADJ
ftr-385	697	22	,	,	PUNCT
ftr-385	697	23	cold	cold	ADJ
ftr-385	697	24	,	,	PUNCT
ftr-385	697	25	and	and	CCONJ
ftr-385	697	26	tepid	tepid	ADJ
ftr-385	697	27	asset	asset	NOUN
ftr-385	697	28	gain	gain	NOUN
ftr-385	697	29	(	(	PUNCT
ftr-385	697	30	or	or	CCONJ
ftr-385	697	31	loss	loss	NOUN
ftr-385	697	32	)	)	PUNCT
ftr-385	697	33	to	to	ADP
ftr-385	697	34	the	the	DET
ftr-385	697	35	extent	extent	NOUN
ftr-385	697	36	that	that	SCONJ
ftr-385	697	37	such	such	ADJ
ftr-385	697	38	gain	gain	NOUN
ftr-385	697	39	(	(	PUNCT
ftr-385	697	40	or	or	CCONJ
ftr-385	697	41	loss	loss	NOUN
ftr-385	697	42	)	)	PUNCT
ftr-385	697	43	can	can	AUX
ftr-385	697	44	not	not	PART
ftr-385	697	45	be	be	AUX
ftr-385	697	46	preserved	preserve	VERB
ftr-385	697	47	for	for	ADP
ftr-385	697	48	later	later	ADJ
ftr-385	697	49	recognition	recognition	NOUN
ftr-385	697	50	in	in	ADP
ftr-385	697	51	distributed	distribute	VERB
ftr-385	697	52	and	and	CCONJ
ftr-385	697	53	retained	retain	VERB
ftr-385	697	54	property	property	NOUN
ftr-385	697	55	.	.	PUNCT
ftr-385	698	1	because	because	SCONJ
ftr-385	698	2	of	of	ADP
ftr-385	698	3	administrative	administrative	ADJ
ftr-385	698	4	concerns	concern	NOUN
ftr-385	698	5	based	base	VERB
ftr-385	698	6	on	on	ADP
ftr-385	698	7	valuation	valuation	NOUN
ftr-385	698	8	difficulties	difficulty	NOUN
ftr-385	698	9	,	,	PUNCT
ftr-385	698	10	congress	congress	PROPN
ftr-385	698	11	in	in	ADP
ftr-385	698	12	1954	1954	NUM
ftr-385	698	13	drafted	draft	VERB
ftr-385	698	14	the	the	DET
ftr-385	698	15	basis	basis	NOUN
ftr-385	698	16	rules	rule	NOUN
ftr-385	698	17	of	of	ADP
ftr-385	698	18	section	section	NOUN
ftr-385	698	19	732	732	NUM
ftr-385	698	20	to	to	PART
ftr-385	698	21	avoid	avoid	VERB
ftr-385	698	22	the	the	DET
ftr-385	698	23	need	need	NOUN
ftr-385	698	24	to	to	PART
ftr-385	698	25	value	value	VERB
ftr-385	698	26	distributed	distribute	VERB
ftr-385	698	27	property	property	NOUN
ftr-385	698	28	.	.	PUNCT
ftr-385	699	1	when	when	SCONJ
ftr-385	699	2	partnership	partnership	NOUN
ftr-385	699	3	property	property	NOUN
ftr-385	699	4	is	be	AUX
ftr-385	699	5	revalued	revalue	VERB
ftr-385	699	6	,	,	PUNCT
ftr-385	699	7	however	however	ADV
ftr-385	699	8	,	,	PUNCT
ftr-385	699	9	there	there	PRON
ftr-385	699	10	is	be	VERB
ftr-385	699	11	no	no	ADV
ftr-385	699	12	longer	long	ADV
ftr-385	699	13	any	any	DET
ftr-385	699	14	reason	reason	NOUN
ftr-385	699	15	why	why	SCONJ
ftr-385	699	16	a	a	DET
ftr-385	699	17	distributee	distributee	NOUN
ftr-385	699	18	’s	’s	PART
ftr-385	699	19	basis	basis	NOUN
ftr-385	699	20	in	in	ADP
ftr-385	699	21	distributed	distribute	VERB
ftr-385	699	22	property	property	NOUN
ftr-385	699	23	should	should	AUX
ftr-385	699	24	not	not	PART
ftr-385	699	25	reflect	reflect	VERB
ftr-385	699	26	the	the	DET
ftr-385	699	27	fair	fair	ADJ
ftr-385	699	28	market	market	NOUN
ftr-385	699	29	value	value	NOUN
ftr-385	699	30	of	of	ADP
ftr-385	699	31	such	such	ADJ
ftr-385	699	32	property	property	NOUN
ftr-385	699	33	less	less	ADJ
ftr-385	699	34	the	the	DET
ftr-385	699	35	distributee	distributee	NOUN
ftr-385	699	36	’s	’s	PART
ftr-385	699	37	predistribution	predistribution	NOUN
ftr-385	699	38	share	share	NOUN
ftr-385	699	39	of	of	ADP
ftr-385	699	40	built	build	VERB
ftr-385	699	41	-	-	PUNCT
ftr-385	699	42	in	in	ADP
ftr-385	699	43	gain	gain	NOUN
ftr-385	699	44	(	(	PUNCT
ftr-385	699	45	or	or	CCONJ
ftr-385	699	46	loss	loss	NOUN
ftr-385	699	47	)	)	PUNCT
ftr-385	699	48	allocable	allocable	ADJ
ftr-385	699	49	to	to	ADP
ftr-385	699	50	such	such	ADJ
ftr-385	699	51	property	property	NOUN
ftr-385	699	52	.	.	PUNCT
ftr-385	700	1	thus	thus	ADV
ftr-385	700	2	,	,	PUNCT
ftr-385	700	3	any	any	DET
ftr-385	700	4	distributed	distribute	VERB
ftr-385	700	5	property	property	NOUN
ftr-385	700	6	should	should	AUX
ftr-385	700	7	generally	generally	ADV
ftr-385	700	8	be	be	AUX
ftr-385	700	9	assigned	assign	VERB
ftr-385	700	10	a	a	DET
ftr-385	700	11	fair	fair	ADJ
ftr-385	700	12	market	market	NOUN
ftr-385	700	13	value	value	NOUN
ftr-385	700	14	basis	basis	NOUN
ftr-385	700	15	in	in	ADP
ftr-385	700	16	the	the	DET
ftr-385	700	17	distributee	distributee	NOUN
ftr-385	700	18	’s	’s	PART
ftr-385	700	19	hands	hand	NOUN
ftr-385	700	20	,	,	PUNCT
ftr-385	700	21	less	less	ADJ
ftr-385	700	22	the	the	DET
ftr-385	700	23	distributee	distributee	NOUN
ftr-385	700	24	’s	’s	PART
ftr-385	700	25	preserved	preserve	VERB
ftr-385	700	26	share	share	NOUN
ftr-385	700	27	of	of	ADP
ftr-385	700	28	hot	hot	ADJ
ftr-385	700	29	,	,	PUNCT
ftr-385	700	30	tepid	tepid	ADJ
ftr-385	700	31	,	,	PUNCT
ftr-385	700	32	and	and	CCONJ
ftr-385	700	33	cold	cold	ADJ
ftr-385	700	34	asset	asset	NOUN
ftr-385	700	35	gain	gain	NOUN
ftr-385	700	36	or	or	CCONJ
ftr-385	700	37	loss	loss	NOUN
ftr-385	700	38	.	.	PUNCT
ftr-385	701	1	indeed	indeed	ADV
ftr-385	701	2	,	,	PUNCT
ftr-385	701	3	congress	congress	PROPN
ftr-385	701	4	has	have	AUX
ftr-385	701	5	recently	recently	ADV
ftr-385	701	6	revised	revise	VERB
ftr-385	701	7	the	the	DET
ftr-385	701	8	basis	basis	NOUN
ftr-385	701	9	allocation	allocation	NOUN
ftr-385	701	10	rules	rule	NOUN
ftr-385	701	11	of	of	ADP
ftr-385	701	12	section	section	NOUN
ftr-385	701	13	732(c	732(c	PROPN
ftr-385	701	14	)	)	PUNCT
ftr-385	701	15	to	to	PART
ftr-385	701	16	take	take	VERB
ftr-385	701	17	into	into	ADP
ftr-385	701	18	account	account	NOUN
ftr-385	701	19	discrepancies	discrepancy	NOUN
ftr-385	701	20	between	between	ADP
ftr-385	701	21	basis	basis	NOUN
ftr-385	701	22	and	and	CCONJ
ftr-385	701	23	fair	fair	ADJ
ftr-385	701	24	market	market	NOUN
ftr-385	701	25	value	value	NOUN
ftr-385	701	26	of	of	ADP
ftr-385	701	27	distributed	distribute	VERB
ftr-385	701	28	property.129	property.129	PROPN
ftr-385	701	29	vii	vii	PROPN
ftr-385	701	30	.	.	PUNCT
ftr-385	702	1	conclusion	conclusion	NOUN
ftr-385	702	2	the	the	DET
ftr-385	702	3	hot	hot	ADJ
ftr-385	702	4	asset	asset	NOUN
ftr-385	702	5	sale	sale	NOUN
ftr-385	702	6	approach	approach	NOUN
ftr-385	702	7	would	would	AUX
ftr-385	702	8	remedy	remedy	VERB
ftr-385	702	9	flaws	flaw	NOUN
ftr-385	702	10	under	under	ADP
ftr-385	702	11	existing	exist	VERB
ftr-385	702	12	section	section	NOUN
ftr-385	702	13	751(b	751(b	PROPN
ftr-385	702	14	)	)	PUNCT
ftr-385	702	15	,	,	PUNCT
ftr-385	702	16	but	but	CCONJ
ftr-385	702	17	only	only	ADV
ftr-385	702	18	at	at	ADP
ftr-385	702	19	the	the	DET
ftr-385	702	20	cost	cost	NOUN
ftr-385	702	21	of	of	ADP
ftr-385	702	22	substantially	substantially	ADV
ftr-385	702	23	increased	increase	VERB
ftr-385	702	24	complexity	complexity	NOUN
ftr-385	702	25	under	under	ADP
ftr-385	702	26	section	section	NOUN
ftr-385	702	27	704(c	704(c	PROPN
ftr-385	702	28	)	)	PUNCT
ftr-385	702	29	.	.	PUNCT
ftr-385	703	1	when	when	SCONJ
ftr-385	703	2	the	the	DET
ftr-385	703	3	selling	selling	NOUN
ftr-385	703	4	partner	partner	NOUN
ftr-385	703	5	’s	’s	PART
ftr-385	703	6	share	share	NOUN
ftr-385	703	7	of	of	ADP
ftr-385	703	8	hot	hot	ADJ
ftr-385	703	9	asset	asset	NOUN
ftr-385	703	10	gain	gain	NOUN
ftr-385	703	11	is	be	AUX
ftr-385	703	12	reduced	reduce	VERB
ftr-385	703	13	,	,	PUNCT
ftr-385	703	14	the	the	DET
ftr-385	703	15	hot	hot	ADJ
ftr-385	703	16	asset	asset	NOUN
ftr-385	703	17	sale	sale	NOUN
ftr-385	703	18	approach	approach	NOUN
ftr-385	703	19	generally	generally	ADV
ftr-385	703	20	minimizes	minimize	VERB
ftr-385	703	21	recognition	recognition	NOUN
ftr-385	703	22	of	of	ADP
ftr-385	703	23	capital	capital	NOUN
ftr-385	703	24	gain	gain	NOUN
ftr-385	703	25	.	.	PUNCT
ftr-385	704	1	nevertheless	nevertheless	ADV
ftr-385	704	2	,	,	PUNCT
ftr-385	704	3	the	the	DET
ftr-385	704	4	purchasing	purchase	VERB
ftr-385	704	5	partners	partner	NOUN
ftr-385	704	6	may	may	AUX
ftr-385	704	7	be	be	AUX
ftr-385	704	8	left	leave	VERB
ftr-385	704	9	with	with	ADP
ftr-385	704	10	insufficient	insufficient	ADJ
ftr-385	704	11	outside	outside	ADJ
ftr-385	704	12	bases	basis	NOUN
ftr-385	704	13	(	(	PUNCT
ftr-385	704	14	or	or	CCONJ
ftr-385	704	15	shares	share	NOUN
ftr-385	704	16	of	of	ADP
ftr-385	704	17	inside	inside	ADJ
ftr-385	704	18	basis	basis	NOUN
ftr-385	704	19	)	)	PUNCT
ftr-385	704	20	to	to	PART
ftr-385	704	21	absorb	absorb	VERB
ftr-385	704	22	the	the	DET
ftr-385	704	23	stepped	step	VERB
ftr-385	704	24	-	-	PUNCT
ftr-385	704	25	up	up	ADP
ftr-385	704	26	basis	basis	NOUN
ftr-385	704	27	of	of	ADP
ftr-385	704	28	distributed	distribute	VERB
ftr-385	704	29	and	and	CCONJ
ftr-385	704	30	retained	retain	VERB
ftr-385	704	31	hot	hot	ADJ
ftr-385	704	32	assets	asset	NOUN
ftr-385	704	33	.	.	PUNCT
ftr-385	705	1	under	under	ADP
ftr-385	705	2	the	the	DET
ftr-385	705	3	authority	authority	NOUN
ftr-385	705	4	of	of	ADP
ftr-385	705	5	section	section	NOUN
ftr-385	705	6	751(b	751(b	PROPN
ftr-385	705	7	)	)	PUNCT
ftr-385	705	8	,	,	PUNCT
ftr-385	705	9	the	the	DET
ftr-385	705	10	problem	problem	NOUN
ftr-385	705	11	of	of	ADP
ftr-385	705	12	basis	basis	NOUN
ftr-385	705	13	insufficiency	insufficiency	NOUN
ftr-385	705	14	should	should	AUX
ftr-385	705	15	be	be	AUX
ftr-385	705	16	dealt	deal	VERB
ftr-385	705	17	with	with	ADP
ftr-385	705	18	generally	generally	ADV
ftr-385	705	19	by	by	ADP
ftr-385	705	20	requiring	require	VERB
ftr-385	705	21	the	the	DET
ftr-385	705	22	purchasing	purchase	VERB
ftr-385	705	23	364	364	NUM
ftr-385	705	24	florida	florida	PROPN
ftr-385	705	25	tax	tax	NOUN
ftr-385	705	26	review	review	NOUN
ftr-385	706	1	[	[	X
ftr-385	706	2	vol.8:3	vol.8:3	NOUN
ftr-385	706	3	130	130	NUM
ftr-385	706	4	.	.	PUNCT
ftr-385	707	1	whether	whether	SCONJ
ftr-385	707	2	the	the	DET
ftr-385	707	3	solution	solution	NOUN
ftr-385	707	4	is	be	AUX
ftr-385	707	5	perceived	perceive	VERB
ftr-385	707	6	as	as	ADP
ftr-385	707	7	requiring	require	VERB
ftr-385	707	8	special	special	ADJ
ftr-385	707	9	allocations	allocation	NOUN
ftr-385	707	10	of	of	ADP
ftr-385	707	11	basis	basis	NOUN
ftr-385	707	12	or	or	CCONJ
ftr-385	707	13	gain	gain	NOUN
ftr-385	707	14	,	,	PUNCT
ftr-385	707	15	the	the	DET
ftr-385	707	16	different	different	ADJ
ftr-385	707	17	approaches	approach	NOUN
ftr-385	707	18	under	under	ADP
ftr-385	707	19	§	§	PROPN
ftr-385	707	20	§	§	PROPN
ftr-385	707	21	743(b	743(b	PROPN
ftr-385	707	22	)	)	PUNCT
ftr-385	707	23	and	and	CCONJ
ftr-385	707	24	751(b	751(b	NOUN
ftr-385	707	25	)	)	PUNCT
ftr-385	707	26	are	be	AUX
ftr-385	707	27	essentially	essentially	ADV
ftr-385	707	28	interchangeable	interchangeable	ADJ
ftr-385	707	29	.	.	PUNCT
ftr-385	708	1	thus	thus	ADV
ftr-385	708	2	,	,	PUNCT
ftr-385	708	3	§	§	PROPN
ftr-385	708	4	751(b	751(b	PROPN
ftr-385	708	5	)	)	PUNCT
ftr-385	708	6	adjustments	adjustment	NOUN
ftr-385	708	7	could	could	AUX
ftr-385	708	8	be	be	AUX
ftr-385	708	9	handled	handle	VERB
ftr-385	708	10	in	in	ADP
ftr-385	708	11	the	the	DET
ftr-385	708	12	same	same	ADJ
ftr-385	708	13	manner	manner	NOUN
ftr-385	708	14	as	as	ADP
ftr-385	708	15	§	§	PROPN
ftr-385	708	16	743(b	743(b	PROPN
ftr-385	708	17	)	)	PUNCT
ftr-385	708	18	adjustments	adjustment	NOUN
ftr-385	708	19	to	to	ADP
ftr-385	708	20	the	the	DET
ftr-385	708	21	extent	extent	NOUN
ftr-385	708	22	they	they	PRON
ftr-385	708	23	reflect	reflect	VERB
ftr-385	708	24	cost	cost	NOUN
ftr-385	708	25	on	on	ADP
ftr-385	708	26	a	a	DET
ftr-385	708	27	purchase	purchase	NOUN
ftr-385	708	28	.	.	PUNCT
ftr-385	709	1	131	131	NUM
ftr-385	709	2	.	.	PUNCT
ftr-385	710	1	a	a	DET
ftr-385	710	2	revaluation	revaluation	NOUN
ftr-385	710	3	distorts	distort	VERB
ftr-385	710	4	the	the	DET
ftr-385	710	5	allocation	allocation	NOUN
ftr-385	710	6	of	of	ADP
ftr-385	710	7	§	§	PROPN
ftr-385	710	8	734(b	734(b	PROPN
ftr-385	710	9	)	)	PUNCT
ftr-385	710	10	adjustments	adjustment	NOUN
ftr-385	710	11	because	because	SCONJ
ftr-385	710	12	the	the	DET
ftr-385	710	13	revaluation	revaluation	NOUN
ftr-385	710	14	concept	concept	NOUN
ftr-385	710	15	arbitrarily	arbitrarily	ADV
ftr-385	710	16	bifurcates	bifurcate	NOUN
ftr-385	710	17	preand	preand	VERB
ftr-385	710	18	post	post	ADJ
ftr-385	710	19	-	-	ADJ
ftr-385	710	20	distribution	distribution	ADJ
ftr-385	710	21	sharing	sharing	NOUN
ftr-385	710	22	of	of	ADP
ftr-385	710	23	gains	gain	NOUN
ftr-385	710	24	and	and	CCONJ
ftr-385	710	25	losses	loss	NOUN
ftr-385	710	26	;	;	PUNCT
ftr-385	710	27	by	by	ADP
ftr-385	710	28	contrast	contrast	NOUN
ftr-385	710	29	,	,	PUNCT
ftr-385	710	30	the	the	DET
ftr-385	710	31	concept	concept	NOUN
ftr-385	710	32	of	of	ADP
ftr-385	710	33	§	§	PROPN
ftr-385	710	34	734(b	734(b	PROPN
ftr-385	710	35	)	)	PUNCT
ftr-385	710	36	adjustments	adjustment	NOUN
ftr-385	710	37	to	to	ADP
ftr-385	710	38	common	common	ADJ
ftr-385	710	39	basis	basis	NOUN
ftr-385	710	40	is	be	AUX
ftr-385	710	41	premised	premise	VERB
ftr-385	710	42	on	on	ADP
ftr-385	710	43	partial	partial	ADJ
ftr-385	710	44	liquidation	liquidation	NOUN
ftr-385	710	45	treatment	treatment	NOUN
ftr-385	710	46	.	.	PUNCT
ftr-385	711	1	see	see	VERB
ftr-385	711	2	burke	burke	PROPN
ftr-385	711	3	,	,	PUNCT
ftr-385	711	4	supra	supra	PROPN
ftr-385	711	5	note	note	PROPN
ftr-385	711	6	8	8	NUM
ftr-385	711	7	,	,	PUNCT
ftr-385	711	8	at	at	ADP
ftr-385	711	9	650	650	NUM
ftr-385	711	10	-	-	SYM
ftr-385	711	11	51	51	NUM
ftr-385	711	12	.	.	PUNCT
ftr-385	712	1	132	132	NUM
ftr-385	712	2	.	.	PUNCT
ftr-385	713	1	see	see	VERB
ftr-385	713	2	nysba	nysba	PROPN
ftr-385	713	3	report	report	NOUN
ftr-385	714	1	,	,	PUNCT
ftr-385	714	2	supra	supra	PROPN
ftr-385	714	3	note	note	NOUN
ftr-385	714	4	2	2	NUM
ftr-385	714	5	,	,	PUNCT
ftr-385	714	6	at	at	ADP
ftr-385	714	7	24	24	NUM
ftr-385	714	8	.	.	PUNCT
ftr-385	714	9	133	133	NUM
ftr-385	714	10	.	.	PUNCT
ftr-385	715	1	see	see	VERB
ftr-385	715	2	notes	note	NOUN
ftr-385	715	3	53	53	NUM
ftr-385	715	4	-	-	SYM
ftr-385	715	5	56	56	NUM
ftr-385	715	6	supra	supra	NOUN
ftr-385	715	7	and	and	CCONJ
ftr-385	715	8	accompanying	accompany	VERB
ftr-385	715	9	text	text	NOUN
ftr-385	715	10	.	.	PUNCT
ftr-385	716	1	partners	partner	NOUN
ftr-385	716	2	to	to	PART
ftr-385	716	3	recognize	recognize	VERB
ftr-385	716	4	capital	capital	NOUN
ftr-385	716	5	gain	gain	NOUN
ftr-385	716	6	as	as	ADP
ftr-385	716	7	the	the	DET
ftr-385	716	8	implicit	implicit	ADJ
ftr-385	716	9	cost	cost	NOUN
ftr-385	716	10	of	of	ADP
ftr-385	716	11	benefitting	benefit	VERB
ftr-385	716	12	from	from	ADP
ftr-385	716	13	a	a	DET
ftr-385	716	14	stepped	step	VERB
ftr-385	716	15	-	-	PUNCT
ftr-385	716	16	up	up	ADP
ftr-385	716	17	basis	basis	NOUN
ftr-385	716	18	in	in	ADP
ftr-385	716	19	the	the	DET
ftr-385	716	20	partnership	partnership	NOUN
ftr-385	716	21	’s	’s	PART
ftr-385	716	22	hot	hot	ADJ
ftr-385	716	23	assets	asset	NOUN
ftr-385	716	24	.	.	PUNCT
ftr-385	717	1	a	a	DET
ftr-385	717	2	current	current	ADJ
ftr-385	717	3	distribution	distribution	NOUN
ftr-385	717	4	of	of	ADP
ftr-385	717	5	excess	excess	ADJ
ftr-385	717	6	cold	cold	ADJ
ftr-385	717	7	assets	asset	NOUN
ftr-385	717	8	would	would	AUX
ftr-385	717	9	generally	generally	ADV
ftr-385	717	10	not	not	PART
ftr-385	717	11	trigger	trigger	VERB
ftr-385	717	12	section	section	NOUN
ftr-385	717	13	751(b	751(b	PROPN
ftr-385	717	14	)	)	PUNCT
ftr-385	717	15	,	,	PUNCT
ftr-385	717	16	unless	unless	SCONJ
ftr-385	717	17	the	the	DET
ftr-385	717	18	distributee	distributee	NOUN
ftr-385	717	19	’s	’s	PART
ftr-385	717	20	retained	retain	VERB
ftr-385	717	21	interest	interest	NOUN
ftr-385	717	22	in	in	ADP
ftr-385	717	23	partnership	partnership	NOUN
ftr-385	717	24	capital	capital	NOUN
ftr-385	717	25	is	be	AUX
ftr-385	717	26	insufficient	insufficient	ADJ
ftr-385	717	27	to	to	PART
ftr-385	717	28	support	support	VERB
ftr-385	717	29	booked	book	VERB
ftr-385	717	30	-	-	PUNCT
ftr-385	717	31	up	up	ADP
ftr-385	717	32	hot	hot	ADJ
ftr-385	717	33	asset	asset	NOUN
ftr-385	717	34	gain	gain	NOUN
ftr-385	717	35	.	.	PUNCT
ftr-385	718	1	when	when	SCONJ
ftr-385	718	2	built	build	VERB
ftr-385	718	3	-	-	PUNCT
ftr-385	718	4	in	in	ADP
ftr-385	718	5	gain	gain	NOUN
ftr-385	718	6	of	of	ADP
ftr-385	718	7	the	the	DET
ftr-385	718	8	proper	proper	ADJ
ftr-385	718	9	character	character	NOUN
ftr-385	718	10	can	can	AUX
ftr-385	718	11	no	no	ADV
ftr-385	718	12	longer	long	ADV
ftr-385	718	13	be	be	AUX
ftr-385	718	14	preserved	preserve	VERB
ftr-385	718	15	,	,	PUNCT
ftr-385	718	16	section	section	NOUN
ftr-385	718	17	751(b	751(b	PROPN
ftr-385	718	18	)	)	PUNCT
ftr-385	718	19	should	should	AUX
ftr-385	718	20	continue	continue	VERB
ftr-385	718	21	to	to	PART
ftr-385	718	22	play	play	VERB
ftr-385	718	23	an	an	DET
ftr-385	718	24	important	important	ADJ
ftr-385	718	25	gain	gain	NOUN
ftr-385	718	26	-	-	PUNCT
ftr-385	718	27	recognition	recognition	NOUN
ftr-385	718	28	function	function	NOUN
ftr-385	718	29	.	.	PUNCT
ftr-385	719	1	the	the	DET
ftr-385	719	2	hot	hot	ADJ
ftr-385	719	3	asset	asset	NOUN
ftr-385	719	4	sale	sale	NOUN
ftr-385	719	5	approach	approach	NOUN
ftr-385	719	6	should	should	AUX
ftr-385	719	7	be	be	AUX
ftr-385	719	8	coordinated	coordinate	VERB
ftr-385	719	9	with	with	ADP
ftr-385	719	10	basis	basis	NOUN
ftr-385	719	11	adjustments	adjustment	NOUN
ftr-385	719	12	under	under	ADP
ftr-385	719	13	sections	section	NOUN
ftr-385	719	14	734(b	734(b	NUM
ftr-385	719	15	)	)	PUNCT
ftr-385	719	16	and	and	CCONJ
ftr-385	719	17	743(b	743(b	NUM
ftr-385	719	18	)	)	PUNCT
ftr-385	719	19	.	.	PUNCT
ftr-385	720	1	when	when	SCONJ
ftr-385	720	2	section	section	PROPN
ftr-385	720	3	751(b	751(b	PROPN
ftr-385	720	4	)	)	PUNCT
ftr-385	720	5	applies	apply	VERB
ftr-385	720	6	,	,	PUNCT
ftr-385	720	7	the	the	DET
ftr-385	720	8	nondistributee	nondistributee	NOUN
ftr-385	720	9	partners	partner	NOUN
ftr-385	720	10	are	be	AUX
ftr-385	720	11	treated	treat	VERB
ftr-385	720	12	essentially	essentially	ADV
ftr-385	720	13	as	as	SCONJ
ftr-385	720	14	if	if	SCONJ
ftr-385	720	15	they	they	PRON
ftr-385	720	16	had	have	AUX
ftr-385	720	17	acquired	acquire	VERB
ftr-385	720	18	the	the	DET
ftr-385	720	19	distributee	distributee	NOUN
ftr-385	720	20	’s	’s	PART
ftr-385	720	21	interest	interest	NOUN
ftr-385	720	22	in	in	ADP
ftr-385	720	23	retained	retain	VERB
ftr-385	720	24	partnership	partnership	NOUN
ftr-385	720	25	assets	asset	NOUN
ftr-385	720	26	;	;	PUNCT
ftr-385	720	27	thus	thus	ADV
ftr-385	720	28	,	,	PUNCT
ftr-385	720	29	section	section	NOUN
ftr-385	720	30	751(b	751(b	PROPN
ftr-385	720	31	)	)	PUNCT
ftr-385	720	32	adjustments	adjustment	NOUN
ftr-385	720	33	have	have	VERB
ftr-385	720	34	much	much	ADJ
ftr-385	720	35	in	in	ADP
ftr-385	720	36	common	common	ADJ
ftr-385	720	37	with	with	ADP
ftr-385	720	38	section	section	NOUN
ftr-385	720	39	743(b	743(b	PROPN
ftr-385	720	40	)	)	PUNCT
ftr-385	720	41	adjustments	adjustment	NOUN
ftr-385	720	42	that	that	PRON
ftr-385	720	43	benefit	benefit	VERB
ftr-385	720	44	exclusively	exclusively	ADV
ftr-385	720	45	the	the	DET
ftr-385	720	46	purchaser	purchaser	NOUN
ftr-385	720	47	of	of	ADP
ftr-385	720	48	a	a	DET
ftr-385	720	49	partnership	partnership	NOUN
ftr-385	720	50	interest	interest	NOUN
ftr-385	720	51	.	.	PUNCT
ftr-385	721	1	by	by	ADP
ftr-385	721	2	contrast	contrast	NOUN
ftr-385	721	3	,	,	PUNCT
ftr-385	721	4	section130	section130	PROPN
ftr-385	721	5	734(b	734(b	PROPN
ftr-385	721	6	)	)	PUNCT
ftr-385	721	7	adjustments	adjustment	NOUN
ftr-385	721	8	to	to	ADP
ftr-385	721	9	common	common	ADJ
ftr-385	721	10	basis	basis	NOUN
ftr-385	721	11	potentially	potentially	ADV
ftr-385	721	12	benefit	benefit	VERB
ftr-385	721	13	all	all	DET
ftr-385	721	14	partners	partner	NOUN
ftr-385	721	15	(	(	PUNCT
ftr-385	721	16	including	include	VERB
ftr-385	721	17	the	the	DET
ftr-385	721	18	distributee	distributee	NOUN
ftr-385	721	19	whose	whose	DET
ftr-385	721	20	interest	interest	NOUN
ftr-385	721	21	is	be	AUX
ftr-385	721	22	partially	partially	ADV
ftr-385	721	23	redeemed	redeem	VERB
ftr-385	721	24	)	)	PUNCT
ftr-385	721	25	.	.	PUNCT
ftr-385	722	1	while	while	SCONJ
ftr-385	722	2	the	the	DET
ftr-385	722	3	hot	hot	ADJ
ftr-385	722	4	asset	asset	NOUN
ftr-385	722	5	sale	sale	NOUN
ftr-385	722	6	approach	approach	NOUN
ftr-385	722	7	may	may	AUX
ftr-385	722	8	exacerbate	exacerbate	VERB
ftr-385	722	9	defects	defect	NOUN
ftr-385	722	10	inherent	inherent	ADJ
ftr-385	722	11	in	in	ADP
ftr-385	722	12	the	the	DET
ftr-385	722	13	section	section	NOUN
ftr-385	722	14	734(b	734(b	NOUN
ftr-385	722	15	)	)	PUNCT
ftr-385	722	16	adjustment	adjustment	NOUN
ftr-385	722	17	,	,	PUNCT
ftr-385	722	18	the	the	DET
ftr-385	722	19	more	more	ADV
ftr-385	722	20	fundamental	fundamental	ADJ
ftr-385	722	21	problem	problem	NOUN
ftr-385	722	22	is	be	AUX
ftr-385	722	23	that	that	SCONJ
ftr-385	722	24	the	the	DET
ftr-385	722	25	concept	concept	NOUN
ftr-385	722	26	of	of	ADP
ftr-385	722	27	a	a	DET
ftr-385	722	28	common	common	ADJ
ftr-385	722	29	-	-	PUNCT
ftr-385	722	30	basis	basis	NOUN
ftr-385	722	31	adjustment	adjustment	NOUN
ftr-385	722	32	is	be	AUX
ftr-385	722	33	quite	quite	ADV
ftr-385	722	34	difficult	difficult	ADJ
ftr-385	722	35	to	to	PART
ftr-385	722	36	reconcile	reconcile	VERB
ftr-385	722	37	with	with	ADP
ftr-385	722	38	revaluations	revaluation	NOUN
ftr-385	722	39	and	and	CCONJ
ftr-385	722	40	reverse	reverse	ADJ
ftr-385	722	41	section	section	NOUN
ftr-385	722	42	704(c	704(c	NOUN
ftr-385	722	43	)	)	PUNCT
ftr-385	722	44	allocations	allocation	NOUN
ftr-385	722	45	.	.	PUNCT
ftr-385	723	1	thus	thus	ADV
ftr-385	723	2	,	,	PUNCT
ftr-385	723	3	when	when	SCONJ
ftr-385	723	4	sections	section	NOUN
ftr-385	723	5	734(b	734(b	PROPN
ftr-385	723	6	)	)	PUNCT
ftr-385	723	7	and	and	CCONJ
ftr-385	723	8	751(b	751(b	NOUN
ftr-385	723	9	)	)	PUNCT
ftr-385	723	10	apply	apply	VERB
ftr-385	723	11	,	,	PUNCT
ftr-385	723	12	the	the	DET
ftr-385	723	13	treasury	treasury	PROPN
ftr-385	723	14	needs131	needs131	PROPN
ftr-385	723	15	to	to	PART
ftr-385	723	16	provide	provide	VERB
ftr-385	723	17	guidance	guidance	NOUN
ftr-385	723	18	concerning	concern	VERB
ftr-385	723	19	the	the	DET
ftr-385	723	20	interaction	interaction	NOUN
ftr-385	723	21	between	between	ADP
ftr-385	723	22	inside	inside	ADJ
ftr-385	723	23	basis	basis	NOUN
ftr-385	723	24	adjustments	adjustment	NOUN
ftr-385	723	25	and	and	CCONJ
ftr-385	723	26	the	the	DET
ftr-385	723	27	operation	operation	NOUN
ftr-385	723	28	of	of	ADP
ftr-385	723	29	reverse	reverse	ADJ
ftr-385	723	30	section	section	NOUN
ftr-385	723	31	704(c	704(c	PROPN
ftr-385	723	32	)	)	PUNCT
ftr-385	723	33	allocations.132	allocations.132	VERB
ftr-385	723	34	many	many	ADJ
ftr-385	723	35	of	of	ADP
ftr-385	723	36	the	the	DET
ftr-385	723	37	problems	problem	NOUN
ftr-385	723	38	that	that	PRON
ftr-385	723	39	arise	arise	VERB
ftr-385	723	40	in	in	ADP
ftr-385	723	41	connection	connection	NOUN
ftr-385	723	42	with	with	ADP
ftr-385	723	43	hot	hot	ADJ
ftr-385	723	44	asset	asset	NOUN
ftr-385	723	45	distributions	distribution	NOUN
ftr-385	723	46	can	can	AUX
ftr-385	723	47	be	be	AUX
ftr-385	723	48	traced	trace	VERB
ftr-385	723	49	directly	directly	ADV
ftr-385	723	50	to	to	ADP
ftr-385	723	51	congress	congress	PROPN
ftr-385	723	52	’	'	PUNCT
ftr-385	723	53	rejection	rejection	NOUN
ftr-385	723	54	of	of	ADP
ftr-385	723	55	the	the	DET
ftr-385	723	56	1954	1954	NUM
ftr-385	723	57	ali	ali	PROPN
ftr-385	723	58	proposals	proposal	NOUN
ftr-385	723	59	to	to	PART
ftr-385	723	60	require	require	VERB
ftr-385	723	61	partial	partial	ADJ
ftr-385	723	62	liquidation	liquidation	NOUN
ftr-385	723	63	treatment	treatment	NOUN
ftr-385	723	64	and	and	CCONJ
ftr-385	723	65	reallocation	reallocation	NOUN
ftr-385	723	66	of	of	ADP
ftr-385	723	67	inside	inside	ADJ
ftr-385	723	68	basis	basis	NOUN
ftr-385	723	69	to	to	PART
ftr-385	723	70	preserve	preserve	VERB
ftr-385	723	71	unrealized	unrealized	ADJ
ftr-385	723	72	shares	share	NOUN
ftr-385	723	73	of	of	ADP
ftr-385	723	74	built	build	VERB
ftr-385	723	75	-	-	PUNCT
ftr-385	723	76	in	in	ADP
ftr-385	723	77	gain	gain	NOUN
ftr-385	723	78	.	.	PUNCT
ftr-385	724	1	congress	congress	PROPN
ftr-385	724	2	rejected	reject	VERB
ftr-385	724	3	those	those	DET
ftr-385	724	4	proposals	proposal	NOUN
ftr-385	724	5	essentially	essentially	ADV
ftr-385	724	6	on	on	ADP
ftr-385	724	7	grounds	ground	NOUN
ftr-385	724	8	of	of	ADP
ftr-385	724	9	complexity	complexity	NOUN
ftr-385	724	10	,	,	PUNCT
ftr-385	724	11	and	and	CCONJ
ftr-385	724	12	instead	instead	ADV
ftr-385	724	13	implemented	implement	VERB
ftr-385	724	14	the	the	DET
ftr-385	724	15	flawed	flawed	ADJ
ftr-385	724	16	approach	approach	NOUN
ftr-385	724	17	of	of	ADP
ftr-385	724	18	current	current	ADJ
ftr-385	724	19	section	section	NOUN
ftr-385	724	20	751(b	751(b	PROPN
ftr-385	724	21	)	)	PUNCT
ftr-385	724	22	and	and	CCONJ
ftr-385	724	23	elective	elective	ADJ
ftr-385	724	24	inside	inside	ADJ
ftr-385	724	25	basis	basis	NOUN
ftr-385	724	26	adjustments	adjustment	NOUN
ftr-385	724	27	under	under	ADP
ftr-385	724	28	section	section	NOUN
ftr-385	724	29	734(b	734(b	PROPN
ftr-385	724	30	)	)	PUNCT
ftr-385	724	31	.	.	PUNCT
ftr-385	725	1	as	as	SCONJ
ftr-385	725	2	the	the	DET
ftr-385	725	3	andrews	andrews	PROPN
ftr-385	725	4	proposals	proposal	NOUN
ftr-385	725	5	suggest	suggest	VERB
ftr-385	725	6	,	,	PUNCT
ftr-385	725	7	however	however	ADV
ftr-385	725	8	,	,	PUNCT
ftr-385	725	9	partial	partial	ADJ
ftr-385	725	10	liquidation	liquidation	NOUN
ftr-385	725	11	treatment	treatment	NOUN
ftr-385	725	12	and	and	CCONJ
ftr-385	725	13	mandatory	mandatory	ADJ
ftr-385	725	14	inside	inside	ADJ
ftr-385	725	15	basis	basis	NOUN
ftr-385	725	16	adjustments	adjustment	NOUN
ftr-385	725	17	may	may	AUX
ftr-385	725	18	actually	actually	ADV
ftr-385	725	19	represent	represent	VERB
ftr-385	725	20	a	a	DET
ftr-385	725	21	simpler	simple	ADJ
ftr-385	725	22	method	method	NOUN
ftr-385	725	23	of	of	ADP
ftr-385	725	24	dealing	deal	VERB
ftr-385	725	25	with	with	ADP
ftr-385	725	26	shifts	shift	NOUN
ftr-385	725	27	in	in	ADP
ftr-385	725	28	unrealized	unrealized	ADJ
ftr-385	725	29	appreciation	appreciation	NOUN
ftr-385	725	30	than	than	ADP
ftr-385	725	31	revaluations	revaluation	NOUN
ftr-385	725	32	and	and	CCONJ
ftr-385	725	33	reverse	reverse	ADJ
ftr-385	725	34	section	section	NOUN
ftr-385	725	35	704(c	704(c	NOUN
ftr-385	725	36	)	)	PUNCT
ftr-385	725	37	allocations	allocation	NOUN
ftr-385	725	38	.	.	PUNCT
ftr-385	726	1	even	even	ADV
ftr-385	726	2	if	if	SCONJ
ftr-385	726	3	a	a	DET
ftr-385	726	4	perfect133	perfect133	PROPN
ftr-385	726	5	solution	solution	NOUN
ftr-385	726	6	to	to	ADP
ftr-385	726	7	the	the	DET
ftr-385	726	8	problem	problem	NOUN
ftr-385	726	9	of	of	ADP
ftr-385	726	10	partnership	partnership	NOUN
ftr-385	726	11	distributions	distribution	NOUN
ftr-385	726	12	remains	remain	VERB
ftr-385	726	13	elusive	elusive	ADJ
ftr-385	726	14	,	,	PUNCT
ftr-385	726	15	the	the	DET
ftr-385	726	16	hot	hot	ADJ
ftr-385	726	17	asset	asset	NOUN
ftr-385	726	18	sale	sale	NOUN
ftr-385	726	19	approach	approach	NOUN
ftr-385	726	20	represents	represent	VERB
ftr-385	726	21	much	much	ADV
ftr-385	726	22	needed	need	VERB
ftr-385	726	23	improvement	improvement	NOUN
ftr-385	726	24	of	of	ADP
ftr-385	726	25	section	section	NOUN
ftr-385	726	26	751(b	751(b	PROPN
ftr-385	726	27	)	)	PUNCT
ftr-385	726	28	.	.	PUNCT
ftr-385	727	1	2007	2007	NUM
ftr-385	727	2	]	]	PUNCT
ftr-385	727	3	taxing	tax	VERB
ftr-385	727	4	hot	hot	ADJ
ftr-385	727	5	asset	asset	NOUN
ftr-385	727	6	shifts	shift	NOUN
ftr-385	727	7	365	365	NUM
ftr-385	727	8	perhaps	perhaps	ADV
ftr-385	727	9	subchapter	subchapter	VERB
ftr-385	727	10	k	k	PROPN
ftr-385	727	11	may	may	AUX
ftr-385	727	12	yet	yet	ADV
ftr-385	727	13	evolve	evolve	VERB
ftr-385	727	14	back	back	ADV
ftr-385	727	15	toward	toward	ADP
ftr-385	727	16	the	the	DET
ftr-385	727	17	conceptually	conceptually	ADV
ftr-385	727	18	more	more	ADV
ftr-385	727	19	straightforward	straightforward	ADJ
ftr-385	727	20	treatment	treatment	NOUN
ftr-385	727	21	of	of	ADP
ftr-385	727	22	partnership	partnership	NOUN
ftr-385	727	23	distributions	distribution	NOUN
ftr-385	727	24	that	that	PRON
ftr-385	727	25	congress	congress	PROPN
ftr-385	727	26	rejected	reject	VERB
ftr-385	727	27	in	in	ADP
ftr-385	727	28	1954	1954	NUM
ftr-385	727	29	.	.	PUNCT