id	sid	tid	token	lemma	pos
ftr-419	1	1	florida	florida	PROPN
ftr-419	1	2	tax	tax	NOUN
ftr-419	1	3	review	review	NOUN
ftr-419	1	4	volume	volume	NOUN
ftr-419	1	5	6	6	NUM
ftr-419	1	6	2004	2004	NUM
ftr-419	1	7	number	number	NOUN
ftr-419	1	8	5	5	NUM
ftr-419	1	9	guaranteed	guarantee	VERB
ftr-419	1	10	payments	payment	NOUN
ftr-419	1	11	made	make	VERB
ftr-419	1	12	in	in	ADP
ftr-419	1	13	kind	kind	NOUN
ftr-419	1	14	by	by	ADP
ftr-419	1	15	a	a	DET
ftr-419	1	16	partnership	partnership	NOUN
ftr-419	1	17	douglas	douglas	PROPN
ftr-419	1	18	a.	a.	PROPN
ftr-419	1	19	kahn	kahn	PROPN
ftr-419	1	20	*	*	PROPN
ftr-419	1	21	faith	faith	PROPN
ftr-419	1	22	cuenin	cuenin	PROPN
ftr-419	1	23	*	*	PROPN
ftr-419	1	24	*	*	PUNCT
ftr-419	1	25	i.	i.	NOUN
ftr-419	1	26	introduction	introduction	NOUN
ftr-419	1	27	......................................	......................................	PUNCT
ftr-419	1	28	406	406	NUM
ftr-419	1	29	ii	ii	NOUN
ftr-419	1	30	.	.	PUNCT
ftr-419	2	1	history	history	NOUN
ftr-419	2	2	and	and	CCONJ
ftr-419	2	3	role	role	NOUN
ftr-419	2	4	of	of	ADP
ftr-419	2	5	irc	irc	PROPN
ftr-419	2	6	section	section	NOUN
ftr-419	2	7	707	707	NUM
ftr-419	2	8	................	................	PUNCT
ftr-419	2	9	408	408	NUM
ftr-419	2	10	i.	i.	PROPN
ftr-419	2	11	partner	partner	NOUN
ftr-419	2	12	's	's	PART
ftr-419	2	13	percentage	percentage	NOUN
ftr-419	2	14	interest	interest	NOUN
ftr-419	2	15	subject	subject	ADJ
ftr-419	2	16	to	to	ADP
ftr-419	2	17	a	a	DET
ftr-419	2	18	minimum	minimum	ADJ
ftr-419	2	19	dollar	dollar	NOUN
ftr-419	2	20	amount	amount	NOUN
ftr-419	2	21	.............................	.............................	PUNCT
ftr-419	2	22	410	410	NUM
ftr-419	2	23	iv	iv	NOUN
ftr-419	2	24	.	.	PUNCT
ftr-419	2	25	nonrecognition	nonrecognition	NOUN
ftr-419	2	26	of	of	ADP
ftr-419	2	27	gain	gain	NOUN
ftr-419	2	28	for	for	ADP
ftr-419	2	29	partnership	partnership	NOUN
ftr-419	2	30	distributions	distribution	NOUN
ftr-419	2	31	and	and	CCONJ
ftr-419	2	32	basis	basis	NOUN
ftr-419	2	33	of	of	ADP
ftr-419	2	34	distributed	distribute	VERB
ftr-419	2	35	property	property	NOUN
ftr-419	2	36	...................	...................	PUNCT
ftr-419	3	1	411	411	NUM
ftr-419	3	2	v.	v.	ADP
ftr-419	3	3	nonliquidating	nonliquidate	VERB
ftr-419	3	4	guaranteed	guarantee	VERB
ftr-419	3	5	payments	payment	NOUN
ftr-419	3	6	made	make	VERB
ftr-419	3	7	in	in	ADP
ftr-419	3	8	kind	kind	NOUN
ftr-419	3	9	.	.	PUNCT
ftr-419	4	1	414	414	NUM
ftr-419	4	2	a.	a.	NOUN
ftr-419	4	3	effect	effect	NOUN
ftr-419	4	4	on	on	ADP
ftr-419	4	5	outside	outside	ADJ
ftr-419	4	6	basis	basis	NOUN
ftr-419	4	7	of	of	ADP
ftr-419	4	8	a	a	DET
ftr-419	4	9	guaranteed	guarantee	VERB
ftr-419	4	10	payment	payment	NOUN
ftr-419	4	11	m	m	VERB
ftr-419	4	12	ade	ade	VERB
ftr-419	4	13	in	in	ADP
ftr-419	4	14	cash	cash	NOUN
ftr-419	4	15	.................................	.................................	PUNCT
ftr-419	5	1	419	419	NUM
ftr-419	5	2	b.	b.	PROPN
ftr-419	5	3	partnership	partnership	PROPN
ftr-419	5	4	's	's	PART
ftr-419	5	5	recognition	recognition	NOUN
ftr-419	5	6	of	of	ADP
ftr-419	5	7	gain	gain	NOUN
ftr-419	5	8	or	or	CCONJ
ftr-419	5	9	loss	loss	NOUN
ftr-419	5	10	..........	..........	PUNCT
ftr-419	5	11	422	422	NUM
ftr-419	5	12	c.	c.	NOUN
ftr-419	5	13	basis	basis	NOUN
ftr-419	5	14	of	of	ADP
ftr-419	5	15	property	property	NOUN
ftr-419	5	16	received	receive	VERB
ftr-419	5	17	as	as	ADP
ftr-419	5	18	a	a	DET
ftr-419	5	19	guaranteed	guarantee	VERB
ftr-419	5	20	payment	payment	NOUN
ftr-419	5	21	.	.	PUNCT
ftr-419	6	1	428	428	NUM
ftr-419	6	2	vi	vi	X
ftr-419	6	3	.	.	PUNCT
ftr-419	6	4	liquidating	liquidating	NOUN
ftr-419	6	5	distributions	distribution	NOUN
ftr-419	6	6	...........................	...........................	PUNCT
ftr-419	7	1	436	436	NUM
ftr-419	8	1	v.	v.	ADP
ftr-419	8	2	conclusion	conclusion	NOUN
ftr-419	8	3	.......................................	.......................................	PUNCT
ftr-419	8	4	438	438	NUM
ftr-419	8	5	*	*	PUNCT
ftr-419	8	6	paul	paul	PROPN
ftr-419	8	7	g.	g.	PROPN
ftr-419	8	8	kauper	kauper	PROPN
ftr-419	8	9	professor	professor	PROPN
ftr-419	8	10	of	of	ADP
ftr-419	8	11	law	law	NOUN
ftr-419	8	12	,	,	PUNCT
ftr-419	8	13	university	university	PROPN
ftr-419	8	14	of	of	ADP
ftr-419	8	15	michigan	michigan	PROPN
ftr-419	8	16	.	.	PUNCT
ftr-419	9	1	b.a	b.a	PROPN
ftr-419	9	2	.	.	PROPN
ftr-419	9	3	university	university	PROPN
ftr-419	9	4	of	of	ADP
ftr-419	9	5	north	north	PROPN
ftr-419	9	6	carolina	carolina	PROPN
ftr-419	9	7	at	at	ADP
ftr-419	9	8	chapel	chapel	NOUN
ftr-419	9	9	hill,1955	hill,1955	NOUN
ftr-419	9	10	;	;	PUNCT
ftr-419	9	11	j.d	j.d	PROPN
ftr-419	9	12	.	.	PROPN
ftr-419	9	13	,	,	PUNCT
ftr-419	9	14	with	with	ADP
ftr-419	9	15	honors	honor	NOUN
ftr-419	9	16	,	,	PUNCT
ftr-419	9	17	george	george	PROPN
ftr-419	9	18	washington	washington	PROPN
ftr-419	9	19	university	university	PROPN
ftr-419	9	20	,	,	PUNCT
ftr-419	9	21	1958	1958	NUM
ftr-419	9	22	.	.	PUNCT
ftr-419	10	1	elected	elect	VERB
ftr-419	10	2	to	to	ADP
ftr-419	10	3	the	the	DET
ftr-419	10	4	order	order	NOUN
ftr-419	10	5	of	of	ADP
ftr-419	10	6	the	the	DET
ftr-419	10	7	coif	coif	NOUN
ftr-419	10	8	;	;	PUNCT
ftr-419	10	9	served	serve	VERB
ftr-419	10	10	as	as	SCONJ
ftr-419	10	11	the	the	DET
ftr-419	10	12	recent	recent	ADJ
ftr-419	10	13	case	case	NOUN
ftr-419	10	14	notes	note	VERB
ftr-419	10	15	editor	editor	NOUN
ftr-419	10	16	for	for	ADP
ftr-419	10	17	the	the	DET
ftr-419	10	18	law	law	NOUN
ftr-419	10	19	review	review	NOUN
ftr-419	10	20	;	;	PUNCT
ftr-419	10	21	trial	trial	NOUN
ftr-419	10	22	attorney	attorney	NOUN
ftr-419	10	23	with	with	ADP
ftr-419	10	24	the	the	DET
ftr-419	10	25	appellate	appellate	ADJ
ftr-419	10	26	section	section	NOUN
ftr-419	10	27	of	of	ADP
ftr-419	10	28	the	the	DET
ftr-419	10	29	tax	tax	NOUN
ftr-419	10	30	and	and	CCONJ
ftr-419	10	31	civil	civil	ADJ
ftr-419	10	32	divisions	division	NOUN
ftr-419	10	33	of	of	ADP
ftr-419	10	34	the	the	DET
ftr-419	10	35	u.s	u.s	PROPN
ftr-419	10	36	.	.	PROPN
ftr-419	10	37	department	department	PROPN
ftr-419	10	38	of	of	ADP
ftr-419	10	39	justice	justice	PROPN
ftr-419	10	40	,	,	PUNCT
ftr-419	10	41	1958	1958	NUM
ftr-419	10	42	-	-	SYM
ftr-419	10	43	1962	1962	NUM
ftr-419	10	44	;	;	PUNCT
ftr-419	10	45	associate	associate	VERB
ftr-419	10	46	with	with	ADP
ftr-419	10	47	the	the	DET
ftr-419	10	48	washington	washington	PROPN
ftr-419	10	49	,	,	PUNCT
ftr-419	10	50	d.c	d.c	PROPN
ftr-419	10	51	.	.	PROPN
ftr-419	10	52	law	law	PROPN
ftr-419	10	53	firm	firm	NOUN
ftr-419	10	54	of	of	ADP
ftr-419	10	55	sachs	sachs	PROPN
ftr-419	10	56	and	and	CCONJ
ftr-419	10	57	jacobs	jacobs	PROPN
ftr-419	10	58	,	,	PUNCT
ftr-419	10	59	1962	1962	NUM
ftr-419	10	60	-	-	SYM
ftr-419	10	61	1964	1964	NUM
ftr-419	10	62	;	;	PUNCT
ftr-419	10	63	joined	join	VERB
ftr-419	10	64	the	the	DET
ftr-419	10	65	law	law	NOUN
ftr-419	10	66	faculty	faculty	NOUN
ftr-419	10	67	of	of	ADP
ftr-419	10	68	the	the	DET
ftr-419	10	69	university	university	PROPN
ftr-419	10	70	of	of	ADP
ftr-419	10	71	michigan	michigan	PROPN
ftr-419	10	72	in	in	ADP
ftr-419	10	73	1964	1964	NUM
ftr-419	10	74	;	;	PUNCT
ftr-419	10	75	named	name	VERB
ftr-419	10	76	the	the	DET
ftr-419	10	77	paul	paul	PROPN
ftr-419	10	78	g.	g.	PROPN
ftr-419	10	79	kauper	kauper	PROPN
ftr-419	10	80	professor	professor	PROPN
ftr-419	10	81	at	at	ADP
ftr-419	10	82	michigan	michigan	PROPN
ftr-419	10	83	,	,	PUNCT
ftr-419	10	84	1984	1984	NUM
ftr-419	10	85	.	.	PUNCT
ftr-419	11	1	professor	professor	NOUN
ftr-419	11	2	kahn	kahn	PROPN
ftr-419	11	3	has	have	AUX
ftr-419	11	4	published	publish	VERB
ftr-419	11	5	numerous	numerous	ADJ
ftr-419	11	6	treatises	treatise	NOUN
ftr-419	11	7	,	,	PUNCT
ftr-419	11	8	casebooks	casebook	NOUN
ftr-419	11	9	,	,	PUNCT
ftr-419	11	10	and	and	CCONJ
ftr-419	11	11	articles	article	NOUN
ftr-419	11	12	on	on	ADP
ftr-419	11	13	the	the	DET
ftr-419	11	14	subject	subject	NOUN
ftr-419	11	15	of	of	ADP
ftr-419	11	16	taxation	taxation	NOUN
ftr-419	11	17	.	.	PUNCT
ftr-419	12	1	*	*	PUNCT
ftr-419	12	2	*	*	PUNCT
ftr-419	12	3	j.d	j.d	PROPN
ftr-419	12	4	.	.	PUNCT
ftr-419	12	5	(	(	PUNCT
ftr-419	12	6	1985	1985	NUM
ftr-419	12	7	)	)	PUNCT
ftr-419	12	8	,	,	PUNCT
ftr-419	12	9	suffolk	suffolk	PROPN
ftr-419	12	10	university	university	PROPN
ftr-419	12	11	,	,	PUNCT
ftr-419	12	12	ll.m	ll.m	ADV
ftr-419	12	13	.	.	PUNCT
ftr-419	13	1	(	(	PUNCT
ftr-419	13	2	2003	2003	NUM
ftr-419	13	3	)	)	PUNCT
ftr-419	13	4	,	,	PUNCT
ftr-419	13	5	washington	washington	PROPN
ftr-419	13	6	university	university	PROPN
ftr-419	13	7	.	.	PUNCT
ftr-419	14	1	florida	florida	PROPN
ftr-419	14	2	tax	tax	PROPN
ftr-419	14	3	review	review	PROPN
ftr-419	14	4	i.	i.	NOUN
ftr-419	14	5	introduction	introduction	NOUN
ftr-419	14	6	if	if	SCONJ
ftr-419	14	7	a	a	DET
ftr-419	14	8	partnership	partnership	NOUN
ftr-419	14	9	makes	make	VERB
ftr-419	14	10	a	a	DET
ftr-419	14	11	payment	payment	NOUN
ftr-419	14	12	to	to	ADP
ftr-419	14	13	a	a	DET
ftr-419	14	14	partner	partner	NOUN
ftr-419	14	15	for	for	ADP
ftr-419	14	16	services	service	NOUN
ftr-419	14	17	rendered	render	VERB
ftr-419	14	18	in	in	ADP
ftr-419	14	19	the	the	DET
ftr-419	14	20	latter	latter	NOUN
ftr-419	14	21	's	's	PART
ftr-419	14	22	capacity	capacity	NOUN
ftr-419	14	23	as	as	ADP
ftr-419	14	24	a	a	DET
ftr-419	14	25	partner	partner	NOUN
ftr-419	14	26	or	or	CCONJ
ftr-419	14	27	for	for	ADP
ftr-419	14	28	the	the	DET
ftr-419	14	29	use	use	NOUN
ftr-419	14	30	of	of	ADP
ftr-419	14	31	capital	capital	NOUN
ftr-419	14	32	,	,	PUNCT
ftr-419	14	33	to	to	ADP
ftr-419	14	34	the	the	DET
ftr-419	14	35	extent	extent	NOUN
ftr-419	14	36	that	that	SCONJ
ftr-419	14	37	the	the	DET
ftr-419	14	38	payment	payment	NOUN
ftr-419	14	39	is	be	AUX
ftr-419	14	40	determined	determine	VERB
ftr-419	14	41	without	without	ADP
ftr-419	14	42	regard	regard	NOUN
ftr-419	14	43	to	to	ADP
ftr-419	14	44	partnership	partnership	NOUN
ftr-419	14	45	income	income	NOUN
ftr-419	14	46	,	,	PUNCT
ftr-419	14	47	it	it	PRON
ftr-419	14	48	is	be	AUX
ftr-419	14	49	characterized	characterize	VERB
ftr-419	14	50	by	by	ADP
ftr-419	14	51	the	the	DET
ftr-419	14	52	internal	internal	PROPN
ftr-419	14	53	revenue	revenue	NOUN
ftr-419	14	54	code	code	NOUN
ftr-419	14	55	as	as	ADP
ftr-419	14	56	a	a	DET
ftr-419	14	57	"	"	PUNCT
ftr-419	14	58	guaranteed	guarantee	VERB
ftr-419	14	59	payment	payment	NOUN
ftr-419	14	60	"	"	PUNCT
ftr-419	14	61	and	and	CCONJ
ftr-419	14	62	is	be	AUX
ftr-419	14	63	treated	treat	VERB
ftr-419	14	64	differently	differently	ADV
ftr-419	14	65	from	from	ADP
ftr-419	14	66	other	other	ADJ
ftr-419	14	67	partnership	partnership	NOUN
ftr-419	14	68	distributions	distribution	NOUN
ftr-419	14	69	.	.	PUNCT
ftr-419	14	70	'	'	PUNCT
ftr-419	15	1	in	in	ADP
ftr-419	15	2	addition	addition	NOUN
ftr-419	15	3	,	,	PUNCT
ftr-419	15	4	if	if	SCONJ
ftr-419	15	5	a	a	DET
ftr-419	15	6	partnership	partnership	NOUN
ftr-419	15	7	makes	make	VERB
ftr-419	15	8	a	a	DET
ftr-419	15	9	payment	payment	NOUN
ftr-419	15	10	in	in	ADP
ftr-419	15	11	liquidation	liquidation	NOUN
ftr-419	15	12	of	of	ADP
ftr-419	15	13	a	a	DET
ftr-419	15	14	retiring	retire	VERB
ftr-419	15	15	or	or	CCONJ
ftr-419	15	16	deceased	deceased	ADJ
ftr-419	15	17	partner	partner	NOUN
ftr-419	15	18	's	's	PART
ftr-419	15	19	interest	interest	NOUN
ftr-419	15	20	in	in	ADP
ftr-419	15	21	the	the	DET
ftr-419	15	22	partnership	partnership	NOUN
ftr-419	15	23	,	,	PUNCT
ftr-419	15	24	part	part	NOUN
ftr-419	15	25	of	of	ADP
ftr-419	15	26	that	that	DET
ftr-419	15	27	payment	payment	NOUN
ftr-419	15	28	may	may	AUX
ftr-419	15	29	be	be	AUX
ftr-419	15	30	characterized	characterize	VERB
ftr-419	15	31	as	as	ADP
ftr-419	15	32	a	a	DET
ftr-419	15	33	guaranteed	guarantee	VERB
ftr-419	15	34	payment	payment	NOUN
ftr-419	15	35	by	by	ADP
ftr-419	15	36	section	section	NOUN
ftr-419	15	37	736(a)(2	736(a)(2	NUM
ftr-419	15	38	)	)	PUNCT
ftr-419	15	39	.	.	PUNCT
ftr-419	16	1	we	we	PRON
ftr-419	16	2	will	will	AUX
ftr-419	16	3	discuss	discuss	VERB
ftr-419	16	4	in	in	ADP
ftr-419	16	5	part	part	NOUN
ftr-419	16	6	vi	vi	ADP
ftr-419	16	7	of	of	ADP
ftr-419	16	8	this	this	DET
ftr-419	16	9	article	article	NOUN
ftr-419	16	10	the	the	DET
ftr-419	16	11	circumstances	circumstance	NOUN
ftr-419	16	12	when	when	SCONJ
ftr-419	16	13	a	a	DET
ftr-419	16	14	liquidating	liquidating	NOUN
ftr-419	16	15	payment	payment	NOUN
ftr-419	16	16	is	be	AUX
ftr-419	16	17	treated	treat	VERB
ftr-419	16	18	as	as	ADP
ftr-419	16	19	a	a	DET
ftr-419	16	20	"	"	PUNCT
ftr-419	16	21	guaranteed	guarantee	VERB
ftr-419	16	22	payment	payment	NOUN
ftr-419	16	23	.	.	PUNCT
ftr-419	16	24	"	"	PUNCT
ftr-419	17	1	while	while	SCONJ
ftr-419	17	2	section	section	NOUN
ftr-419	17	3	707(c	707(c	PROPN
ftr-419	17	4	)	)	PUNCT
ftr-419	17	5	and	and	CCONJ
ftr-419	17	6	736(a	736(a	X
ftr-419	17	7	)	)	PUNCT
ftr-419	17	8	refer	refer	VERB
ftr-419	17	9	to	to	ADP
ftr-419	17	10	a	a	DET
ftr-419	17	11	"	"	PUNCT
ftr-419	17	12	payment	payment	NOUN
ftr-419	17	13	,	,	PUNCT
ftr-419	17	14	"	"	PUNCT
ftr-419	17	15	there	there	PRON
ftr-419	17	16	is	be	VERB
ftr-419	17	17	no	no	DET
ftr-419	17	18	reason	reason	NOUN
ftr-419	17	19	that	that	SCONJ
ftr-419	17	20	it	it	PRON
ftr-419	17	21	must	must	AUX
ftr-419	17	22	be	be	AUX
ftr-419	17	23	made	make	VERB
ftr-419	17	24	in	in	ADP
ftr-419	17	25	cash	cash	NOUN
ftr-419	17	26	,	,	PUNCT
ftr-419	17	27	and	and	CCONJ
ftr-419	17	28	the	the	DET
ftr-419	17	29	leading	lead	VERB
ftr-419	17	30	treatises	treatise	NOUN
ftr-419	17	31	on	on	ADP
ftr-419	17	32	partnership	partnership	NOUN
ftr-419	17	33	taxation	taxation	NOUN
ftr-419	17	34	agree	agree	VERB
ftr-419	17	35	that	that	SCONJ
ftr-419	17	36	guaranteed	guarantee	VERB
ftr-419	17	37	payments	payment	NOUN
ftr-419	17	38	can	can	AUX
ftr-419	17	39	be	be	AUX
ftr-419	17	40	made	make	VERB
ftr-419	17	41	in	in	ADP
ftr-419	17	42	kind.2	kind.2	NOUN
ftr-419	17	43	as	as	SCONJ
ftr-419	17	44	used	use	VERB
ftr-419	17	45	in	in	ADP
ftr-419	17	46	this	this	DET
ftr-419	17	47	article	article	NOUN
ftr-419	17	48	,	,	PUNCT
ftr-419	17	49	a	a	DET
ftr-419	17	50	"	"	PUNCT
ftr-419	17	51	liquidating	liquidating	NOUN
ftr-419	17	52	"	"	PUNCT
ftr-419	17	53	distribution	distribution	NOUN
ftr-419	17	54	or	or	CCONJ
ftr-419	17	55	payment	payment	NOUN
ftr-419	17	56	refers	refer	VERB
ftr-419	17	57	to	to	ADP
ftr-419	17	58	a	a	DET
ftr-419	17	59	partnership	partnership	NOUN
ftr-419	17	60	distribution	distribution	NOUN
ftr-419	17	61	or	or	CCONJ
ftr-419	17	62	payment	payment	NOUN
ftr-419	17	63	made	make	VERB
ftr-419	17	64	pursuant	pursuant	ADJ
ftr-419	17	65	to	to	ADP
ftr-419	17	66	the	the	DET
ftr-419	17	67	liquidation	liquidation	NOUN
ftr-419	17	68	of	of	ADP
ftr-419	17	69	a	a	DET
ftr-419	17	70	partner	partner	NOUN
ftr-419	17	71	's	's	PART
ftr-419	17	72	interest	interest	NOUN
ftr-419	17	73	in	in	ADP
ftr-419	17	74	the	the	DET
ftr-419	17	75	partnership	partnership	NOUN
ftr-419	17	76	.	.	PUNCT
ftr-419	18	1	all	all	DET
ftr-419	18	2	other	other	ADJ
ftr-419	18	3	partnership	partnership	NOUN
ftr-419	18	4	distributions	distribution	NOUN
ftr-419	18	5	or	or	CCONJ
ftr-419	18	6	payments	payment	NOUN
ftr-419	18	7	are	be	AUX
ftr-419	18	8	sometimes	sometimes	ADV
ftr-419	18	9	referred	refer	VERB
ftr-419	18	10	to	to	ADP
ftr-419	18	11	as	as	ADP
ftr-419	18	12	"	"	PUNCT
ftr-419	18	13	operating	operate	VERB
ftr-419	18	14	"	"	PUNCT
ftr-419	18	15	distributions	distribution	NOUN
ftr-419	18	16	or	or	CCONJ
ftr-419	18	17	payments	payment	NOUN
ftr-419	18	18	.	.	PUNCT
ftr-419	19	1	an	an	DET
ftr-419	19	2	unresolved	unresolved	ADJ
ftr-419	19	3	question	question	NOUN
ftr-419	19	4	is	be	AUX
ftr-419	19	5	whether	whether	SCONJ
ftr-419	19	6	a	a	DET
ftr-419	19	7	guaranteed	guarantee	VERB
ftr-419	19	8	payment	payment	NOUN
ftr-419	19	9	of	of	ADP
ftr-419	19	10	property	property	NOUN
ftr-419	19	11	in	in	ADP
ftr-419	19	12	kind	kind	NOUN
ftr-419	19	13	will	will	AUX
ftr-419	19	14	cause	cause	VERB
ftr-419	19	15	the	the	DET
ftr-419	19	16	partnership	partnership	NOUN
ftr-419	19	17	that	that	PRON
ftr-419	19	18	made	make	VERB
ftr-419	19	19	the	the	DET
ftr-419	19	20	payment	payment	NOUN
ftr-419	19	21	to	to	PART
ftr-419	19	22	recognize	recognize	VERB
ftr-419	19	23	gain	gain	NOUN
ftr-419	19	24	or	or	CCONJ
ftr-419	19	25	loss	loss	NOUN
ftr-419	19	26	if	if	SCONJ
ftr-419	19	27	the	the	DET
ftr-419	19	28	property	property	NOUN
ftr-419	19	29	is	be	AUX
ftr-419	19	30	appreciated	appreciate	VERB
ftr-419	19	31	or	or	CCONJ
ftr-419	19	32	depreciated	depreciate	VERB
ftr-419	19	33	.	.	PUNCT
ftr-419	20	1	even	even	ADV
ftr-419	20	2	if	if	SCONJ
ftr-419	20	3	the	the	DET
ftr-419	20	4	answer	answer	NOUN
ftr-419	20	5	to	to	ADP
ftr-419	20	6	that	that	DET
ftr-419	20	7	question	question	NOUN
ftr-419	20	8	were	be	AUX
ftr-419	20	9	affirmative	affirmative	ADJ
ftr-419	20	10	,	,	PUNCT
ftr-419	20	11	and	and	CCONJ
ftr-419	20	12	the	the	DET
ftr-419	20	13	authors	author	NOUN
ftr-419	20	14	have	have	AUX
ftr-419	20	15	concluded	conclude	VERB
ftr-419	20	16	otherwise	otherwise	ADV
ftr-419	20	17	,	,	PUNCT
ftr-419	20	18	no	no	DET
ftr-419	20	19	deduction	deduction	NOUN
ftr-419	20	20	would	would	AUX
ftr-419	20	21	be	be	AUX
ftr-419	20	22	allowed	allow	VERB
ftr-419	20	23	for	for	ADP
ftr-419	20	24	a	a	DET
ftr-419	20	25	loss	loss	NOUN
ftr-419	20	26	recognized	recognize	VERB
ftr-419	20	27	on	on	ADP
ftr-419	20	28	a	a	DET
ftr-419	20	29	payment	payment	NOUN
ftr-419	20	30	to	to	ADP
ftr-419	20	31	a	a	DET
ftr-419	20	32	person	person	NOUN
ftr-419	20	33	owning	own	VERB
ftr-419	20	34	,	,	PUNCT
ftr-419	20	35	directly	directly	ADV
ftr-419	20	36	or	or	CCONJ
ftr-419	20	37	indirectly	indirectly	ADV
ftr-419	20	38	,	,	PUNCT
ftr-419	20	39	more	more	ADJ
ftr-419	20	40	than	than	ADP
ftr-419	20	41	a	a	DET
ftr-419	20	42	50	50	NUM
ftr-419	20	43	%	%	NOUN
ftr-419	20	44	interest	interest	NOUN
ftr-419	20	45	in	in	ADP
ftr-419	20	46	the	the	DET
ftr-419	20	47	profits	profit	NOUN
ftr-419	20	48	or	or	CCONJ
ftr-419	20	49	capital	capital	NOUN
ftr-419	20	50	1	1	NUM
ftr-419	20	51	.	.	PUNCT
ftr-419	21	1	irc	irc	PROPN
ftr-419	21	2	§	§	PROPN
ftr-419	21	3	707(c	707(c	PROPN
ftr-419	21	4	)	)	PUNCT
ftr-419	21	5	.	.	PUNCT
ftr-419	22	1	unless	unless	SCONJ
ftr-419	22	2	stated	state	VERB
ftr-419	22	3	otherwise	otherwise	ADV
ftr-419	22	4	,	,	PUNCT
ftr-419	22	5	references	reference	NOUN
ftr-419	22	6	herein	herein	VERB
ftr-419	22	7	to	to	ADP
ftr-419	22	8	"	"	PUNCT
ftr-419	22	9	irc	irc	PROPN
ftr-419	22	10	"	"	PUNCT
ftr-419	22	11	or	or	CCONJ
ftr-419	22	12	to	to	ADP
ftr-419	22	13	the	the	DET
ftr-419	22	14	"	"	PUNCT
ftr-419	22	15	code	code	NOUN
ftr-419	22	16	"	"	PUNCT
ftr-419	22	17	are	be	AUX
ftr-419	22	18	to	to	ADP
ftr-419	22	19	the	the	DET
ftr-419	22	20	internal	internal	ADJ
ftr-419	22	21	revenue	revenue	NOUN
ftr-419	22	22	code	code	NOUN
ftr-419	22	23	of	of	ADP
ftr-419	22	24	1986	1986	NUM
ftr-419	22	25	as	as	SCONJ
ftr-419	22	26	currently	currently	ADV
ftr-419	22	27	amended	amend	VERB
ftr-419	22	28	.	.	PUNCT
ftr-419	23	1	2	2	NUM
ftr-419	23	2	.	.	SYM
ftr-419	23	3	1	1	NUM
ftr-419	23	4	william	william	PROPN
ftr-419	23	5	s.	s.	PROPN
ftr-419	23	6	mckee	mckee	PROPN
ftr-419	23	7	,	,	PUNCT
ftr-419	23	8	william	william	PROPN
ftr-419	23	9	f.	f.	PROPN
ftr-419	23	10	nelson	nelson	PROPN
ftr-419	23	11	&	&	CCONJ
ftr-419	23	12	robert	robert	PROPN
ftr-419	23	13	l.	l.	PROPN
ftr-419	23	14	whitmire	whitmire	PROPN
ftr-419	23	15	,	,	PUNCT
ftr-419	23	16	federal	federal	ADJ
ftr-419	23	17	taxation	taxation	NOUN
ftr-419	23	18	of	of	ADP
ftr-419	23	19	partnerships	partnership	NOUN
ftr-419	23	20	and	and	CCONJ
ftr-419	23	21	partners	partner	NOUN
ftr-419	23	22	13.0315	13.0315	NUM
ftr-419	23	23	]	]	PUNCT
ftr-419	23	24	(	(	PUNCT
ftr-419	23	25	3d	3d	NUM
ftr-419	23	26	ed	ed	NOUN
ftr-419	23	27	.	.	PROPN
ftr-419	23	28	1997	1997	NUM
ftr-419	23	29	)	)	PUNCT
ftr-419	23	30	,	,	PUNCT
ftr-419	23	31	[	[	X
ftr-419	23	32	hereinafter	hereinafter	NOUN
ftr-419	23	33	cited	cite	VERB
ftr-419	23	34	as	as	ADP
ftr-419	23	35	mckee	mckee	PROPN
ftr-419	23	36	]	]	X
ftr-419	23	37	;	;	PUNCT
ftr-419	23	38	arthur	arthur	PROPN
ftr-419	23	39	b.	b.	PROPN
ftr-419	23	40	willis	willis	PROPN
ftr-419	23	41	,	,	PUNCT
ftr-419	23	42	john	john	PROPN
ftr-419	23	43	s.	s.	PROPN
ftr-419	23	44	pennell	pennell	PROPN
ftr-419	23	45	&	&	CCONJ
ftr-419	23	46	philip	philip	PROPN
ftr-419	23	47	f.	f.	PROPN
ftr-419	23	48	postlewaite	postlewaite	PROPN
ftr-419	23	49	,	,	PUNCT
ftr-419	23	50	partnership	partnership	NOUN
ftr-419	23	51	taxation	taxation	NOUN
ftr-419	23	52	15.06	15.06	NUM
ftr-419	23	53	(	(	PUNCT
ftr-419	23	54	6th	6th	ADJ
ftr-419	23	55	ed	ed	NOUN
ftr-419	23	56	.	.	PROPN
ftr-419	23	57	2002	2002	NUM
ftr-419	23	58	)	)	PUNCT
ftr-419	24	1	[	[	X
ftr-419	24	2	hereinafter	hereinafter	NOUN
ftr-419	24	3	willis	willis	PROPN
ftr-419	24	4	.	.	PUNCT
ftr-419	25	1	the	the	DET
ftr-419	25	2	discussion	discussion	NOUN
ftr-419	25	3	in	in	ADP
ftr-419	25	4	the	the	DET
ftr-419	25	5	willis	willis	PROPN
ftr-419	25	6	treatise	treatise	PROPN
ftr-419	25	7	pertains	pertain	VERB
ftr-419	25	8	to	to	ADP
ftr-419	25	9	liquidating	liquidating	NOUN
ftr-419	25	10	distributions	distribution	NOUN
ftr-419	25	11	of	of	ADP
ftr-419	25	12	property	property	NOUN
ftr-419	25	13	in	in	ADP
ftr-419	25	14	kind	kind	NOUN
ftr-419	25	15	under	under	ADV
ftr-419	25	16	irc	irc	ADV
ftr-419	25	17	§	§	PROPN
ftr-419	25	18	736	736	NUM
ftr-419	25	19	,	,	PUNCT
ftr-419	25	20	some	some	PRON
ftr-419	25	21	of	of	ADP
ftr-419	25	22	which	which	PRON
ftr-419	25	23	constitute	constitute	VERB
ftr-419	25	24	guaranteed	guarantee	VERB
ftr-419	25	25	payments	payment	NOUN
ftr-419	25	26	,	,	PUNCT
ftr-419	25	27	and	and	CCONJ
ftr-419	25	28	the	the	DET
ftr-419	25	29	treatise	treatise	NOUN
ftr-419	25	30	expressly	expressly	ADV
ftr-419	25	31	concludes	conclude	VERB
ftr-419	25	32	that	that	SCONJ
ftr-419	25	33	such	such	ADJ
ftr-419	25	34	payments	payment	NOUN
ftr-419	25	35	can	can	AUX
ftr-419	25	36	be	be	AUX
ftr-419	25	37	made	make	VERB
ftr-419	25	38	in	in	ADP
ftr-419	25	39	kind	kind	NOUN
ftr-419	25	40	.	.	PUNCT
ftr-419	26	1	2	2	NUM
ftr-419	26	2	willis	willis	PROPN
ftr-419	26	3	15.06[1	15.06[1	NUM
ftr-419	26	4	]	]	PUNCT
ftr-419	26	5	,	,	PUNCT
ftr-419	26	6	[	[	X
ftr-419	26	7	4	4	NUM
ftr-419	26	8	]	]	PUNCT
ftr-419	26	9	.	.	PUNCT
ftr-419	27	1	however	however	ADV
ftr-419	27	2	,	,	PUNCT
ftr-419	27	3	the	the	DET
ftr-419	27	4	willis	willis	PROPN
ftr-419	27	5	treatise	treatise	PROPN
ftr-419	27	6	also	also	ADV
ftr-419	27	7	states	state	VERB
ftr-419	27	8	that	that	SCONJ
ftr-419	27	9	guaranteed	guarantee	VERB
ftr-419	27	10	payments	payment	NOUN
ftr-419	27	11	are	be	AUX
ftr-419	27	12	"	"	PUNCT
ftr-419	27	13	generally	generally	ADV
ftr-419	27	14	thought	think	VERB
ftr-419	27	15	to	to	PART
ftr-419	27	16	be	be	AUX
ftr-419	27	17	money	money	NOUN
ftr-419	27	18	payments	payment	NOUN
ftr-419	27	19	,	,	PUNCT
ftr-419	27	20	"	"	PUNCT
ftr-419	27	21	and	and	CCONJ
ftr-419	27	22	that	that	SCONJ
ftr-419	27	23	"	"	PUNCT
ftr-419	27	24	[	[	X
ftr-419	27	25	n]othing	n]othe	VERB
ftr-419	27	26	in	in	ADP
ftr-419	27	27	the	the	DET
ftr-419	27	28	regulations	regulation	NOUN
ftr-419	27	29	,	,	PUNCT
ftr-419	27	30	the	the	DET
ftr-419	27	31	case	case	NOUN
ftr-419	27	32	law	law	NOUN
ftr-419	27	33	,	,	PUNCT
ftr-419	27	34	interpretive	interpretive	ADJ
ftr-419	27	35	rulings	ruling	NOUN
ftr-419	27	36	,	,	PUNCT
ftr-419	27	37	or	or	CCONJ
ftr-419	27	38	the	the	DET
ftr-419	27	39	legislative	legislative	ADJ
ftr-419	27	40	history	history	NOUN
ftr-419	27	41	considers	consider	VERB
ftr-419	27	42	such	such	ADJ
ftr-419	27	43	payments	payment	NOUN
ftr-419	27	44	other	other	ADJ
ftr-419	27	45	than	than	ADP
ftr-419	27	46	in	in	ADP
ftr-419	27	47	terms	term	NOUN
ftr-419	27	48	of	of	ADP
ftr-419	27	49	money	money	NOUN
ftr-419	27	50	.	.	PUNCT
ftr-419	27	51	"	"	PUNCT
ftr-419	28	1	2	2	NUM
ftr-419	28	2	i	i	PRON
ftr-419	28	3	d.	d.	PROPN
ftr-419	28	4	15.06[1	15.06[1	NUM
ftr-419	28	5	]	]	PUNCT
ftr-419	28	6	.	.	PUNCT
ftr-419	29	1	the	the	DET
ftr-419	29	2	willis	willis	PROPN
ftr-419	29	3	treatise	treatise	PROPN
ftr-419	29	4	concludes	conclude	VERB
ftr-419	29	5	,	,	PUNCT
ftr-419	29	6	however	however	ADV
ftr-419	29	7	,	,	PUNCT
ftr-419	29	8	that	that	SCONJ
ftr-419	29	9	the	the	DET
ftr-419	29	10	statutory	statutory	ADJ
ftr-419	29	11	language	language	NOUN
ftr-419	29	12	is	be	AUX
ftr-419	29	13	sufficiently	sufficiently	ADV
ftr-419	29	14	broad	broad	ADJ
ftr-419	29	15	to	to	PART
ftr-419	29	16	apply	apply	VERB
ftr-419	29	17	to	to	ADP
ftr-419	29	18	liquidating	liquidating	NOUN
ftr-419	29	19	payments	payment	NOUN
ftr-419	29	20	made	make	VERB
ftr-419	29	21	in	in	ADP
ftr-419	29	22	property	property	NOUN
ftr-419	29	23	in	in	ADP
ftr-419	29	24	kind	kind	NOUN
ftr-419	29	25	.	.	PUNCT
ftr-419	30	1	see	see	VERB
ftr-419	30	2	also	also	ADV
ftr-419	30	3	,	,	PUNCT
ftr-419	30	4	stephen	stephen	PROPN
ftr-419	30	5	a.	a.	PROPN
ftr-419	30	6	lind	lind	PROPN
ftr-419	30	7	,	,	PUNCT
ftr-419	30	8	stephen	stephen	PROPN
ftr-419	30	9	schwartz	schwartz	PROPN
ftr-419	30	10	,	,	PUNCT
ftr-419	30	11	daniel	daniel	PROPN
ftr-419	30	12	j.	j.	PROPN
ftr-419	30	13	lathrope	lathrope	PROPN
ftr-419	30	14	&	&	CCONJ
ftr-419	30	15	joshua	joshua	PROPN
ftr-419	30	16	d.	d.	PROPN
ftr-419	30	17	rosenberg	rosenberg	PROPN
ftr-419	30	18	,	,	PUNCT
ftr-419	30	19	fundamentals	fundamental	NOUN
ftr-419	30	20	of	of	ADP
ftr-419	30	21	partnership	partnership	NOUN
ftr-419	30	22	taxation	taxation	NOUN
ftr-419	30	23	328	328	NUM
ftr-419	30	24	-	-	SYM
ftr-419	30	25	329	329	NUM
ftr-419	30	26	n.	n.	NOUN
ftr-419	30	27	10	10	NUM
ftr-419	30	28	,	,	PUNCT
ftr-419	30	29	20	20	NUM
ftr-419	30	30	&	&	CCONJ
ftr-419	30	31	21	21	NUM
ftr-419	30	32	(	(	PUNCT
ftr-419	30	33	6th	6th	ADJ
ftr-419	30	34	ed	ed	NOUN
ftr-419	30	35	.	.	PUNCT
ftr-419	30	36	2002	2002	NUM
ftr-419	30	37	)	)	PUNCT
ftr-419	31	1	[	[	X
ftr-419	31	2	hereinafter	hereinafter	NOUN
ftr-419	31	3	lind	lind	NOUN
ftr-419	31	4	]	]	PUNCT
ftr-419	31	5	.	.	PUNCT
ftr-419	32	1	[	[	X
ftr-419	32	2	voi.6:5	voi.6:5	NOUN
ftr-419	32	3	guaranteed	guarantee	VERB
ftr-419	32	4	payments	payment	NOUN
ftr-419	32	5	made	make	VERB
ftr-419	32	6	in	in	ADP
ftr-419	32	7	kind	kind	NOUN
ftr-419	32	8	by	by	ADP
ftr-419	32	9	a	a	DET
ftr-419	32	10	partnership	partnership	NOUN
ftr-419	32	11	of	of	ADP
ftr-419	32	12	the	the	DET
ftr-419	32	13	partnership.3	partnership.3	NOUN
ftr-419	32	14	in	in	ADP
ftr-419	32	15	this	this	DET
ftr-419	32	16	article	article	NOUN
ftr-419	32	17	,	,	PUNCT
ftr-419	32	18	the	the	DET
ftr-419	32	19	authors	author	NOUN
ftr-419	32	20	will	will	AUX
ftr-419	32	21	focus	focus	VERB
ftr-419	32	22	on	on	ADP
ftr-419	32	23	the	the	DET
ftr-419	32	24	question	question	NOUN
ftr-419	32	25	of	of	ADP
ftr-419	32	26	the	the	DET
ftr-419	32	27	partnership	partnership	NOUN
ftr-419	32	28	's	's	PART
ftr-419	32	29	recognition	recognition	NOUN
ftr-419	32	30	of	of	ADP
ftr-419	32	31	gain	gain	NOUN
ftr-419	32	32	or	or	CCONJ
ftr-419	32	33	loss	loss	NOUN
ftr-419	32	34	,	,	PUNCT
ftr-419	32	35	and	and	CCONJ
ftr-419	32	36	will	will	AUX
ftr-419	32	37	not	not	PART
ftr-419	32	38	examine	examine	VERB
ftr-419	32	39	questions	question	NOUN
ftr-419	32	40	of	of	ADP
ftr-419	32	41	deductibility	deductibility	NOUN
ftr-419	32	42	for	for	ADP
ftr-419	32	43	a	a	DET
ftr-419	32	44	recognized	recognize	VERB
ftr-419	32	45	loss	loss	NOUN
ftr-419	32	46	.	.	PUNCT
ftr-419	33	1	two	two	NUM
ftr-419	33	2	allied	ally	VERB
ftr-419	33	3	unresolved	unresolved	ADJ
ftr-419	33	4	questions	question	NOUN
ftr-419	33	5	,	,	PUNCT
ftr-419	33	6	which	which	PRON
ftr-419	33	7	are	be	AUX
ftr-419	33	8	discussed	discuss	VERB
ftr-419	33	9	in	in	ADP
ftr-419	33	10	this	this	DET
ftr-419	33	11	article	article	NOUN
ftr-419	33	12	,	,	PUNCT
ftr-419	33	13	are	be	AUX
ftr-419	33	14	:	:	PUNCT
ftr-419	33	15	(	(	PUNCT
ftr-419	33	16	1	1	X
ftr-419	33	17	)	)	PUNCT
ftr-419	33	18	how	how	SCONJ
ftr-419	33	19	is	be	AUX
ftr-419	33	20	a	a	DET
ftr-419	33	21	partner	partner	NOUN
ftr-419	33	22	's	's	PART
ftr-419	33	23	basis	basis	NOUN
ftr-419	33	24	in	in	ADP
ftr-419	33	25	property	property	NOUN
ftr-419	33	26	that	that	PRON
ftr-419	33	27	was	be	AUX
ftr-419	33	28	received	receive	VERB
ftr-419	33	29	as	as	ADP
ftr-419	33	30	a	a	DET
ftr-419	33	31	guaranteed	guarantee	VERB
ftr-419	33	32	payment	payment	NOUN
ftr-419	33	33	to	to	PART
ftr-419	33	34	be	be	AUX
ftr-419	33	35	determined	determine	VERB
ftr-419	33	36	,	,	PUNCT
ftr-419	33	37	and	and	CCONJ
ftr-419	33	38	(	(	PUNCT
ftr-419	33	39	2	2	X
ftr-419	33	40	)	)	PUNCT
ftr-419	33	41	regardless	regardless	ADV
ftr-419	33	42	of	of	ADP
ftr-419	33	43	whether	whether	SCONJ
ftr-419	33	44	the	the	DET
ftr-419	33	45	guaranteed	guarantee	VERB
ftr-419	33	46	payment	payment	NOUN
ftr-419	33	47	is	be	AUX
ftr-419	33	48	made	make	VERB
ftr-419	33	49	in	in	ADP
ftr-419	33	50	cash	cash	NOUN
ftr-419	33	51	or	or	CCONJ
ftr-419	33	52	in	in	ADP
ftr-419	33	53	kind	kind	NOUN
ftr-419	33	54	,	,	PUNCT
ftr-419	33	55	what	what	DET
ftr-419	33	56	effect	effect	NOUN
ftr-419	33	57	does	do	AUX
ftr-419	33	58	the	the	DET
ftr-419	33	59	payment	payment	NOUN
ftr-419	33	60	have	have	VERB
ftr-419	33	61	on	on	ADP
ftr-419	33	62	the	the	DET
ftr-419	33	63	partner	partner	NOUN
ftr-419	33	64	's	's	PART
ftr-419	33	65	outside	outside	ADJ
ftr-419	33	66	basis	basis	NOUN
ftr-419	33	67	in	in	ADP
ftr-419	33	68	his	his	PRON
ftr-419	33	69	partnership	partnership	NOUN
ftr-419	33	70	interest	interest	NOUN
ftr-419	33	71	.	.	PUNCT
ftr-419	34	1	the	the	DET
ftr-419	34	2	mckee	mckee	PROPN
ftr-419	34	3	treatise	treatise	NOUN
ftr-419	34	4	concludes	conclude	VERB
ftr-419	34	5	that	that	SCONJ
ftr-419	34	6	the	the	DET
ftr-419	34	7	proper	proper	ADJ
ftr-419	34	8	treatment	treatment	NOUN
ftr-419	34	9	of	of	ADP
ftr-419	34	10	guaranteed	guarantee	VERB
ftr-419	34	11	payments	payment	NOUN
ftr-419	34	12	made	make	VERB
ftr-419	34	13	in	in	ADP
ftr-419	34	14	kind	kind	NOUN
ftr-419	34	15	is	be	AUX
ftr-419	34	16	that	that	SCONJ
ftr-419	34	17	the	the	DET
ftr-419	34	18	partnership	partnership	NOUN
ftr-419	34	19	will	will	AUX
ftr-419	34	20	recognize	recognize	VERB
ftr-419	34	21	gain	gain	NOUN
ftr-419	34	22	or	or	CCONJ
ftr-419	34	23	loss	loss	NOUN
ftr-419	34	24	for	for	ADP
ftr-419	34	25	the	the	DET
ftr-419	34	26	amount	amount	NOUN
ftr-419	34	27	of	of	ADP
ftr-419	34	28	appreciation	appreciation	NOUN
ftr-419	34	29	or	or	CCONJ
ftr-419	34	30	depreciation	depreciation	NOUN
ftr-419	34	31	of	of	ADP
ftr-419	34	32	the	the	DET
ftr-419	34	33	property	property	NOUN
ftr-419	34	34	,	,	PUNCT
ftr-419	34	35	and	and	CCONJ
ftr-419	34	36	that	that	SCONJ
ftr-419	34	37	the	the	DET
ftr-419	34	38	partner	partner	NOUN
ftr-419	34	39	will	will	AUX
ftr-419	34	40	have	have	VERB
ftr-419	34	41	a	a	DET
ftr-419	34	42	basis	basis	NOUN
ftr-419	34	43	in	in	ADP
ftr-419	34	44	the	the	DET
ftr-419	34	45	property	property	NOUN
ftr-419	34	46	equal	equal	ADJ
ftr-419	34	47	to	to	ADP
ftr-419	34	48	its	its	PRON
ftr-419	34	49	fair	fair	ADJ
ftr-419	34	50	market	market	NOUN
ftr-419	34	51	value.4	value.4	VERB
ftr-419	34	52	while	while	SCONJ
ftr-419	34	53	the	the	DET
ftr-419	34	54	willis	willis	PROPN
ftr-419	34	55	treatise	treatise	PROPN
ftr-419	34	56	does	do	AUX
ftr-419	34	57	not	not	PART
ftr-419	34	58	discuss	discuss	VERB
ftr-419	34	59	the	the	DET
ftr-419	34	60	question	question	NOUN
ftr-419	34	61	of	of	ADP
ftr-419	34	62	gain	gain	NOUN
ftr-419	34	63	or	or	CCONJ
ftr-419	34	64	loss	loss	NOUN
ftr-419	34	65	recognition	recognition	NOUN
ftr-419	34	66	,	,	PUNCT
ftr-419	34	67	the	the	DET
ftr-419	34	68	treatise	treatise	NOUN
ftr-419	34	69	does	do	AUX
ftr-419	34	70	consider	consider	VERB
ftr-419	34	71	the	the	DET
ftr-419	34	72	basis	basis	NOUN
ftr-419	34	73	question	question	NOUN
ftr-419	34	74	in	in	ADP
ftr-419	34	75	the	the	DET
ftr-419	34	76	context	context	NOUN
ftr-419	34	77	of	of	ADP
ftr-419	34	78	a	a	DET
ftr-419	34	79	guaranteed	guarantee	VERB
ftr-419	34	80	payment	payment	NOUN
ftr-419	34	81	made	make	VERB
ftr-419	34	82	as	as	ADP
ftr-419	34	83	part	part	NOUN
ftr-419	34	84	of	of	ADP
ftr-419	34	85	the	the	DET
ftr-419	34	86	liquidation	liquidation	NOUN
ftr-419	34	87	of	of	ADP
ftr-419	34	88	a	a	DET
ftr-419	34	89	partner	partner	NOUN
ftr-419	34	90	's	's	PART
ftr-419	34	91	interest	interest	NOUN
ftr-419	34	92	.	.	PUNCT
ftr-419	35	1	the	the	DET
ftr-419	35	2	willis	willis	PROPN
ftr-419	35	3	treatise	treatise	PROPN
ftr-419	35	4	concludes	conclude	VERB
ftr-419	35	5	that	that	SCONJ
ftr-419	35	6	although	although	SCONJ
ftr-419	35	7	granting	grant	VERB
ftr-419	35	8	the	the	DET
ftr-419	35	9	partner	partner	NOUN
ftr-419	35	10	a	a	DET
ftr-419	35	11	basis	basis	NOUN
ftr-419	35	12	equal	equal	ADJ
ftr-419	35	13	to	to	ADP
ftr-419	35	14	the	the	DET
ftr-419	35	15	property	property	NOUN
ftr-419	35	16	's	's	PART
ftr-419	35	17	fair	fair	ADJ
ftr-419	35	18	market	market	NOUN
ftr-419	35	19	value	value	NOUN
ftr-419	35	20	is	be	AUX
ftr-419	35	21	the	the	DET
ftr-419	35	22	logical	logical	ADJ
ftr-419	35	23	and	and	CCONJ
ftr-419	35	24	desirable	desirable	ADJ
ftr-419	35	25	treatment	treatment	NOUN
ftr-419	35	26	,	,	PUNCT
ftr-419	35	27	the	the	DET
ftr-419	35	28	statutory	statutory	ADJ
ftr-419	35	29	authority	authority	NOUN
ftr-419	35	30	for	for	ADP
ftr-419	35	31	that	that	DET
ftr-419	35	32	treatment	treatment	NOUN
ftr-419	35	33	is	be	AUX
ftr-419	35	34	weak.5	weak.5	VERB
ftr-419	35	35	the	the	DET
ftr-419	35	36	willis	willis	PROPN
ftr-419	35	37	treatise	treatise	NOUN
ftr-419	35	38	does	do	AUX
ftr-419	35	39	not	not	PART
ftr-419	35	40	resolve	resolve	VERB
ftr-419	35	41	that	that	DET
ftr-419	35	42	issue	issue	NOUN
ftr-419	35	43	.	.	PUNCT
ftr-419	36	1	the	the	DET
ftr-419	36	2	lind	lind	PROPN
ftr-419	36	3	casebook	casebook	PROPN
ftr-419	36	4	states	state	VERB
ftr-419	36	5	that	that	SCONJ
ftr-419	36	6	the	the	DET
ftr-419	36	7	partnership	partnership	NOUN
ftr-419	36	8	will	will	AUX
ftr-419	36	9	recognize	recognize	VERB
ftr-419	36	10	gain	gain	NOUN
ftr-419	36	11	or	or	CCONJ
ftr-419	36	12	loss	loss	NOUN
ftr-419	36	13	,	,	PUNCT
ftr-419	36	14	but	but	CCONJ
ftr-419	36	15	does	do	AUX
ftr-419	36	16	not	not	PART
ftr-419	36	17	discuss	discuss	VERB
ftr-419	36	18	the	the	DET
ftr-419	36	19	basis	basis	NOUN
ftr-419	36	20	issue.6	issue.6	NOUN
ftr-419	36	21	in	in	ADP
ftr-419	36	22	this	this	DET
ftr-419	36	23	article	article	NOUN
ftr-419	36	24	,	,	PUNCT
ftr-419	36	25	the	the	DET
ftr-419	36	26	authors	author	NOUN
ftr-419	36	27	contend	contend	VERB
ftr-419	36	28	that	that	SCONJ
ftr-419	36	29	no	no	DET
ftr-419	36	30	gain	gain	NOUN
ftr-419	36	31	or	or	CCONJ
ftr-419	36	32	loss	loss	NOUN
ftr-419	36	33	is	be	AUX
ftr-419	36	34	recognized	recognize	VERB
ftr-419	36	35	,	,	PUNCT
ftr-419	36	36	and	and	CCONJ
ftr-419	36	37	nevertheless	nevertheless	ADV
ftr-419	36	38	,	,	PUNCT
ftr-419	36	39	the	the	DET
ftr-419	36	40	partner	partner	NOUN
ftr-419	36	41	takes	take	VERB
ftr-419	36	42	a	a	DET
ftr-419	36	43	basis	basis	NOUN
ftr-419	36	44	in	in	ADP
ftr-419	36	45	the	the	DET
ftr-419	36	46	distributed	distribute	VERB
ftr-419	36	47	property	property	NOUN
ftr-419	36	48	equal	equal	ADJ
ftr-419	36	49	to	to	ADP
ftr-419	36	50	its	its	PRON
ftr-419	36	51	fair	fair	ADJ
ftr-419	36	52	market	market	NOUN
ftr-419	36	53	value	value	NOUN
ftr-419	36	54	.	.	PUNCT
ftr-419	37	1	the	the	DET
ftr-419	37	2	authors	author	NOUN
ftr-419	37	3	also	also	ADV
ftr-419	37	4	contend	contend	VERB
ftr-419	37	5	that	that	SCONJ
ftr-419	37	6	a	a	DET
ftr-419	37	7	guaranteed	guarantee	VERB
ftr-419	37	8	payment	payment	NOUN
ftr-419	37	9	does	do	AUX
ftr-419	37	10	not	not	PART
ftr-419	37	11	affect	affect	VERB
ftr-419	37	12	the	the	DET
ftr-419	37	13	partner	partner	NOUN
ftr-419	37	14	's	's	PART
ftr-419	37	15	outside	outside	ADJ
ftr-419	37	16	basis	basis	NOUN
ftr-419	37	17	in	in	ADP
ftr-419	37	18	his	his	PRON
ftr-419	37	19	partnership	partnership	NOUN
ftr-419	37	20	interest	interest	NOUN
ftr-419	37	21	except	except	SCONJ
ftr-419	37	22	to	to	ADP
ftr-419	37	23	the	the	DET
ftr-419	37	24	extent	extent	NOUN
ftr-419	37	25	that	that	SCONJ
ftr-419	37	26	any	any	DET
ftr-419	37	27	deduction	deduction	NOUN
ftr-419	37	28	allowed	allow	VERB
ftr-419	37	29	to	to	ADP
ftr-419	37	30	the	the	DET
ftr-419	37	31	partnership	partnership	NOUN
ftr-419	37	32	for	for	ADP
ftr-419	37	33	making	make	VERB
ftr-419	37	34	the	the	DET
ftr-419	37	35	payment	payment	NOUN
ftr-419	37	36	is	be	AUX
ftr-419	37	37	allocated	allocate	VERB
ftr-419	37	38	to	to	ADP
ftr-419	37	39	the	the	DET
ftr-419	37	40	partner	partner	NOUN
ftr-419	37	41	as	as	ADP
ftr-419	37	42	his	his	PRON
ftr-419	37	43	share	share	NOUN
ftr-419	37	44	of	of	ADP
ftr-419	37	45	a	a	DET
ftr-419	37	46	partnership	partnership	NOUN
ftr-419	37	47	loss	loss	NOUN
ftr-419	37	48	.	.	PUNCT
ftr-419	38	1	there	there	PRON
ftr-419	38	2	is	be	VERB
ftr-419	38	3	no	no	DET
ftr-419	38	4	case	case	NOUN
ftr-419	38	5	,	,	PUNCT
ftr-419	38	6	regulation	regulation	NOUN
ftr-419	38	7	or	or	CCONJ
ftr-419	38	8	ruling	ruling	NOUN
ftr-419	38	9	expressly	expressly	ADV
ftr-419	38	10	addressing	address	VERB
ftr-419	38	11	those	those	DET
ftr-419	38	12	issues	issue	NOUN
ftr-419	38	13	.	.	PUNCT
ftr-419	39	1	one	one	NUM
ftr-419	39	2	possible	possible	ADJ
ftr-419	39	3	explanation	explanation	NOUN
ftr-419	39	4	for	for	ADP
ftr-419	39	5	this	this	DET
ftr-419	39	6	dearth	dearth	NOUN
ftr-419	39	7	of	of	ADP
ftr-419	39	8	authority	authority	NOUN
ftr-419	39	9	is	be	AUX
ftr-419	39	10	that	that	SCONJ
ftr-419	39	11	guaranteed	guarantee	VERB
ftr-419	39	12	payments	payment	NOUN
ftr-419	39	13	are	be	AUX
ftr-419	39	14	rarely	rarely	ADV
ftr-419	39	15	made	make	VERB
ftr-419	39	16	in	in	ADP
ftr-419	39	17	kind	kind	NOUN
ftr-419	39	18	except	except	SCONJ
ftr-419	39	19	for	for	ADP
ftr-419	39	20	liquidating	liquidating	NOUN
ftr-419	39	21	payments	payment	NOUN
ftr-419	39	22	,	,	PUNCT
ftr-419	39	23	and	and	CCONJ
ftr-419	39	24	many	many	ADJ
ftr-419	39	25	of	of	ADP
ftr-419	39	26	those	those	PRON
ftr-419	39	27	are	be	AUX
ftr-419	39	28	made	make	VERB
ftr-419	39	29	in	in	ADP
ftr-419	39	30	cash	cash	NOUN
ftr-419	39	31	.	.	PUNCT
ftr-419	40	1	nevertheless	nevertheless	ADV
ftr-419	40	2	,	,	PUNCT
ftr-419	40	3	especially	especially	ADV
ftr-419	40	4	since	since	SCONJ
ftr-419	40	5	liquidating	liquidating	NOUN
ftr-419	40	6	distributions	distribution	NOUN
ftr-419	40	7	are	be	AUX
ftr-419	40	8	sometimes	sometimes	ADV
ftr-419	40	9	made	make	VERB
ftr-419	40	10	with	with	ADP
ftr-419	40	11	property	property	NOUN
ftr-419	40	12	in	in	ADP
ftr-419	40	13	kind	kind	NOUN
ftr-419	40	14	,	,	PUNCT
ftr-419	40	15	the	the	DET
ftr-419	40	16	issue	issue	NOUN
ftr-419	40	17	is	be	AUX
ftr-419	40	18	worthy	worthy	ADJ
ftr-419	40	19	of	of	ADP
ftr-419	40	20	exploration	exploration	NOUN
ftr-419	40	21	.	.	PUNCT
ftr-419	41	1	the	the	DET
ftr-419	41	2	issue	issue	NOUN
ftr-419	41	3	may	may	AUX
ftr-419	41	4	yet	yet	ADV
ftr-419	41	5	be	be	AUX
ftr-419	41	6	raised	raise	VERB
ftr-419	41	7	by	by	ADP
ftr-419	41	8	the	the	DET
ftr-419	41	9	service	service	NOUN
ftr-419	41	10	.	.	PUNCT
ftr-419	42	1	the	the	DET
ftr-419	42	2	question	question	NOUN
ftr-419	42	3	of	of	ADP
ftr-419	42	4	the	the	DET
ftr-419	42	5	effect	effect	NOUN
ftr-419	42	6	of	of	ADP
ftr-419	42	7	a	a	DET
ftr-419	42	8	guaranteed	guarantee	VERB
ftr-419	42	9	payment	payment	NOUN
ftr-419	42	10	,	,	PUNCT
ftr-419	42	11	whether	whether	SCONJ
ftr-419	42	12	made	make	VERB
ftr-419	42	13	in	in	ADP
ftr-419	42	14	cash	cash	NOUN
ftr-419	42	15	or	or	CCONJ
ftr-419	42	16	in	in	ADP
ftr-419	42	17	kind	kind	NOUN
ftr-419	42	18	,	,	PUNCT
ftr-419	42	19	on	on	ADP
ftr-419	42	20	the	the	DET
ftr-419	42	21	partner	partner	NOUN
ftr-419	42	22	's	's	PART
ftr-419	42	23	outside	outside	ADJ
ftr-419	42	24	basis	basis	NOUN
ftr-419	42	25	in	in	ADP
ftr-419	42	26	his	his	PRON
ftr-419	42	27	partnership	partnership	NOUN
ftr-419	42	28	interest	interest	NOUN
ftr-419	42	29	will	will	AUX
ftr-419	42	30	arise	arise	VERB
ftr-419	42	31	frequently	frequently	ADV
ftr-419	42	32	.	.	PUNCT
ftr-419	43	1	before	before	ADP
ftr-419	43	2	examining	examine	VERB
ftr-419	43	3	the	the	DET
ftr-419	43	4	question	question	NOUN
ftr-419	43	5	of	of	ADP
ftr-419	43	6	gain	gain	NOUN
ftr-419	43	7	or	or	CCONJ
ftr-419	43	8	loss	loss	NOUN
ftr-419	43	9	recognition	recognition	NOUN
ftr-419	43	10	,	,	PUNCT
ftr-419	43	11	it	it	PRON
ftr-419	43	12	is	be	AUX
ftr-419	43	13	useful	useful	ADJ
ftr-419	43	14	to	to	PART
ftr-419	43	15	set	set	VERB
ftr-419	43	16	forth	forth	ADP
ftr-419	43	17	the	the	DET
ftr-419	43	18	history	history	NOUN
ftr-419	43	19	and	and	CCONJ
ftr-419	43	20	role	role	NOUN
ftr-419	43	21	of	of	ADP
ftr-419	43	22	section	section	NOUN
ftr-419	43	23	707(a	707(a	PROPN
ftr-419	43	24	)	)	PUNCT
ftr-419	43	25	and	and	CCONJ
ftr-419	43	26	(	(	PUNCT
ftr-419	43	27	c	c	NOUN
ftr-419	43	28	)	)	PUNCT
ftr-419	43	29	.	.	PUNCT
ftr-419	44	1	other	other	ADJ
ftr-419	44	2	code	code	NOUN
ftr-419	44	3	provisions	provision	NOUN
ftr-419	44	4	3	3	NUM
ftr-419	44	5	.	.	PUNCT
ftr-419	44	6	irc	irc	PROPN
ftr-419	44	7	§	§	PROPN
ftr-419	44	8	707(b	707(b	PROPN
ftr-419	44	9	)	)	PUNCT
ftr-419	44	10	.	.	PUNCT
ftr-419	45	1	in	in	ADP
ftr-419	45	2	determining	determine	VERB
ftr-419	45	3	a	a	DET
ftr-419	45	4	partners	partner	NOUN
ftr-419	45	5	percentage	percentage	NOUN
ftr-419	45	6	interest	interest	NOUN
ftr-419	45	7	,	,	PUNCT
ftr-419	45	8	constructive	constructive	ADJ
ftr-419	45	9	ownership	ownership	NOUN
ftr-419	45	10	rules	rule	NOUN
ftr-419	45	11	are	be	AUX
ftr-419	45	12	applied	apply	VERB
ftr-419	45	13	.	.	PUNCT
ftr-419	46	1	irc	irc	PROPN
ftr-419	46	2	§	§	PROPN
ftr-419	46	3	707(b)(3	707(b)(3	PROPN
ftr-419	46	4	)	)	PUNCT
ftr-419	46	5	.	.	PUNCT
ftr-419	47	1	4	4	NUM
ftr-419	47	2	.	.	SYM
ftr-419	47	3	1	1	NUM
ftr-419	47	4	mckee	mckee	NOUN
ftr-419	47	5	,	,	PUNCT
ftr-419	47	6	supra	supra	PROPN
ftr-419	47	7	note	note	NOUN
ftr-419	47	8	2	2	NUM
ftr-419	47	9	,	,	PUNCT
ftr-419	47	10	13.03[5	13.03[5	NUM
ftr-419	47	11	]	]	PUNCT
ftr-419	47	12	.	.	PUNCT
ftr-419	48	1	the	the	DET
ftr-419	48	2	mckee	mckee	PROPN
ftr-419	48	3	treatise	treatise	NOUN
ftr-419	48	4	also	also	ADV
ftr-419	48	5	concludes	conclude	VERB
ftr-419	48	6	that	that	SCONJ
ftr-419	48	7	the	the	DET
ftr-419	48	8	partner	partner	NOUN
ftr-419	48	9	's	's	PART
ftr-419	48	10	outside	outside	ADJ
ftr-419	48	11	basis	basis	NOUN
ftr-419	48	12	in	in	ADP
ftr-419	48	13	his	his	PRON
ftr-419	48	14	partnership	partnership	NOUN
ftr-419	48	15	interest	interest	NOUN
ftr-419	48	16	is	be	AUX
ftr-419	48	17	affected	affect	VERB
ftr-419	48	18	by	by	ADP
ftr-419	48	19	the	the	DET
ftr-419	48	20	guaranteed	guarantee	VERB
ftr-419	48	21	payment	payment	NOUN
ftr-419	48	22	only	only	ADV
ftr-419	48	23	to	to	ADP
ftr-419	48	24	the	the	DET
ftr-419	48	25	extent	extent	NOUN
ftr-419	48	26	of	of	ADP
ftr-419	48	27	the	the	DET
ftr-419	48	28	partner	partner	NOUN
ftr-419	48	29	's	's	PART
ftr-419	48	30	share	share	NOUN
ftr-419	48	31	of	of	ADP
ftr-419	48	32	any	any	DET
ftr-419	48	33	deduction	deduction	NOUN
ftr-419	48	34	allowed	allow	VERB
ftr-419	48	35	to	to	ADP
ftr-419	48	36	the	the	DET
ftr-419	48	37	partnership	partnership	NOUN
ftr-419	48	38	and	and	CCONJ
ftr-419	48	39	the	the	DET
ftr-419	48	40	partner	partner	NOUN
ftr-419	48	41	's	's	PART
ftr-419	48	42	share	share	NOUN
ftr-419	48	43	of	of	ADP
ftr-419	48	44	the	the	DET
ftr-419	48	45	gain	gain	NOUN
ftr-419	48	46	or	or	CCONJ
ftr-419	48	47	loss	loss	NOUN
ftr-419	48	48	that	that	PRON
ftr-419	48	49	the	the	DET
ftr-419	48	50	partnership	partnership	NOUN
ftr-419	48	51	recognized	recognize	VERB
ftr-419	48	52	from	from	ADP
ftr-419	48	53	the	the	DET
ftr-419	48	54	transaction	transaction	NOUN
ftr-419	48	55	.	.	PUNCT
ftr-419	49	1	1	1	NUM
ftr-419	49	2	mckee	mckee	NOUN
ftr-419	49	3	,	,	PUNCT
ftr-419	49	4	supra	supra	PROPN
ftr-419	49	5	note	note	NOUN
ftr-419	49	6	2	2	NUM
ftr-419	49	7	,	,	PUNCT
ftr-419	49	8	13.03[5	13.03[5	NUM
ftr-419	49	9	]	]	PUNCT
ftr-419	49	10	,	,	PUNCT
ftr-419	49	11	at	at	ADP
ftr-419	49	12	ex	ex	NOUN
ftr-419	49	13	.	.	PROPN
ftr-419	49	14	13	13	NUM
ftr-419	49	15	-	-	SYM
ftr-419	49	16	8	8	NUM
ftr-419	49	17	.	.	NOUN
ftr-419	49	18	5	5	NUM
ftr-419	49	19	.	.	SYM
ftr-419	49	20	2	2	NUM
ftr-419	49	21	willis	willi	NOUN
ftr-419	49	22	,	,	PUNCT
ftr-419	49	23	supra	supra	PROPN
ftr-419	49	24	note	note	NOUN
ftr-419	49	25	2	2	NUM
ftr-419	49	26	,	,	PUNCT
ftr-419	49	27	15.06[4	15.06[4	NUM
ftr-419	49	28	]	]	PUNCT
ftr-419	49	29	.	.	PUNCT
ftr-419	50	1	6	6	X
ftr-419	50	2	.	.	X
ftr-419	50	3	lind	lind	PROPN
ftr-419	50	4	,	,	PUNCT
ftr-419	50	5	supra	supra	PROPN
ftr-419	50	6	note	note	PROPN
ftr-419	50	7	2	2	NUM
ftr-419	50	8	,	,	PUNCT
ftr-419	50	9	329	329	NUM
ftr-419	50	10	n.	n.	NOUN
ftr-419	50	11	21	21	NUM
ftr-419	50	12	.	.	PUNCT
ftr-419	51	1	20041	20041	NUM
ftr-419	51	2	florida	florida	PROPN
ftr-419	51	3	tax	tax	NOUN
ftr-419	51	4	review	review	NOUN
ftr-419	51	5	come	come	VERB
ftr-419	51	6	into	into	ADP
ftr-419	51	7	play	play	NOUN
ftr-419	51	8	,	,	PUNCT
ftr-419	51	9	especially	especially	ADV
ftr-419	51	10	when	when	SCONJ
ftr-419	51	11	considering	consider	VERB
ftr-419	51	12	the	the	DET
ftr-419	51	13	basis	basis	NOUN
ftr-419	51	14	that	that	SCONJ
ftr-419	51	15	a	a	DET
ftr-419	51	16	partner	partner	NOUN
ftr-419	51	17	will	will	AUX
ftr-419	51	18	acquire	acquire	VERB
ftr-419	51	19	in	in	ADP
ftr-419	51	20	the	the	DET
ftr-419	51	21	distributed	distribute	VERB
ftr-419	51	22	property	property	NOUN
ftr-419	51	23	and	and	CCONJ
ftr-419	51	24	the	the	DET
ftr-419	51	25	effect	effect	NOUN
ftr-419	51	26	that	that	SCONJ
ftr-419	51	27	the	the	DET
ftr-419	51	28	payment	payment	NOUN
ftr-419	51	29	will	will	AUX
ftr-419	51	30	have	have	AUX
ftr-419	51	31	on	on	ADP
ftr-419	51	32	the	the	DET
ftr-419	51	33	partner	partner	NOUN
ftr-419	51	34	's	's	PART
ftr-419	51	35	outside	outside	ADJ
ftr-419	51	36	basis	basis	NOUN
ftr-419	51	37	,	,	PUNCT
ftr-419	51	38	but	but	CCONJ
ftr-419	51	39	section	section	NOUN
ftr-419	51	40	707	707	NUM
ftr-419	51	41	is	be	AUX
ftr-419	51	42	at	at	ADP
ftr-419	51	43	the	the	DET
ftr-419	51	44	epicenter	epicenter	NOUN
ftr-419	51	45	of	of	ADP
ftr-419	51	46	this	this	DET
ftr-419	51	47	subject	subject	NOUN
ftr-419	51	48	.	.	PUNCT
ftr-419	52	1	h.	h.	PROPN
ftr-419	52	2	history	history	NOUN
ftr-419	52	3	and	and	CCONJ
ftr-419	52	4	role	role	NOUN
ftr-419	52	5	of	of	ADP
ftr-419	52	6	irc	irc	PROPN
ftr-419	52	7	section	section	NOUN
ftr-419	52	8	707	707	NUM
ftr-419	52	9	section	section	NOUN
ftr-419	52	10	707	707	NUM
ftr-419	52	11	was	be	AUX
ftr-419	52	12	first	first	ADV
ftr-419	52	13	adopted	adopt	VERB
ftr-419	52	14	in	in	ADP
ftr-419	52	15	1954	1954	NUM
ftr-419	52	16	as	as	ADP
ftr-419	52	17	part	part	NOUN
ftr-419	52	18	of	of	ADP
ftr-419	52	19	subchapter	subchapter	NOUN
ftr-419	52	20	k	k	PROPN
ftr-419	52	21	of	of	ADP
ftr-419	52	22	chapter	chapter	NOUN
ftr-419	52	23	1	1	NUM
ftr-419	52	24	of	of	ADP
ftr-419	52	25	subtitle	subtitle	NOUN
ftr-419	52	26	a	a	PRON
ftr-419	52	27	of	of	ADP
ftr-419	52	28	the	the	DET
ftr-419	52	29	internal	internal	ADJ
ftr-419	52	30	revenue	revenue	NOUN
ftr-419	52	31	code	code	NOUN
ftr-419	52	32	of	of	ADP
ftr-419	52	33	1954	1954	NUM
ftr-419	52	34	.	.	PUNCT
ftr-419	53	1	subchapter	subchapter	NOUN
ftr-419	53	2	k	k	PROPN
ftr-419	53	3	was	be	AUX
ftr-419	53	4	adopted	adopt	VERB
ftr-419	53	5	by	by	ADP
ftr-419	53	6	congress	congress	PROPN
ftr-419	53	7	to	to	PART
ftr-419	53	8	bring	bring	VERB
ftr-419	53	9	order	order	NOUN
ftr-419	53	10	to	to	ADP
ftr-419	53	11	the	the	DET
ftr-419	53	12	field	field	NOUN
ftr-419	53	13	of	of	ADP
ftr-419	53	14	partnership	partnership	NOUN
ftr-419	53	15	taxation	taxation	NOUN
ftr-419	53	16	where	where	SCONJ
ftr-419	53	17	confusion	confusion	NOUN
ftr-419	53	18	and	and	CCONJ
ftr-419	53	19	inconsistent	inconsistent	ADJ
ftr-419	53	20	treatment	treatment	NOUN
ftr-419	53	21	previously	previously	ADV
ftr-419	53	22	had	have	AUX
ftr-419	53	23	reigned	reign	VERB
ftr-419	53	24	.	.	PUNCT
ftr-419	54	1	the	the	DET
ftr-419	54	2	report	report	NOUN
ftr-419	54	3	of	of	ADP
ftr-419	54	4	the	the	DET
ftr-419	54	5	ways	way	NOUN
ftr-419	54	6	and	and	CCONJ
ftr-419	54	7	means	mean	VERB
ftr-419	54	8	committee	committee	NOUN
ftr-419	54	9	on	on	ADP
ftr-419	54	10	h.r	h.r	PROPN
ftr-419	54	11	.	.	PROPN
ftr-419	54	12	8300	8300	NUM
ftr-419	54	13	,	,	PUNCT
ftr-419	54	14	which	which	DET
ftr-419	54	15	bill	bill	NOUN
ftr-419	54	16	became	become	VERB
ftr-419	54	17	the	the	DET
ftr-419	54	18	internal	internal	ADJ
ftr-419	54	19	revenue	revenue	NOUN
ftr-419	54	20	code	code	NOUN
ftr-419	54	21	of	of	ADP
ftr-419	54	22	1954	1954	NUM
ftr-419	54	23	when	when	SCONJ
ftr-419	54	24	adopted	adopt	VERB
ftr-419	54	25	,	,	PUNCT
ftr-419	54	26	described	describe	VERB
ftr-419	54	27	the	the	DET
ftr-419	54	28	status	status	NOUN
ftr-419	54	29	of	of	ADP
ftr-419	54	30	the	the	DET
ftr-419	54	31	pre1954	pre1954	NOUN
ftr-419	54	32	tax	tax	NOUN
ftr-419	54	33	law	law	PROPN
ftr-419	54	34	as	as	SCONJ
ftr-419	54	35	follows	follow	VERB
ftr-419	54	36	:	:	PUNCT
ftr-419	54	37	the	the	DET
ftr-419	54	38	existing	exist	VERB
ftr-419	54	39	tax	tax	NOUN
ftr-419	54	40	treatment	treatment	NOUN
ftr-419	54	41	of	of	ADP
ftr-419	54	42	partners	partner	NOUN
ftr-419	54	43	and	and	CCONJ
ftr-419	54	44	partnerships	partnership	NOUN
ftr-419	54	45	is	be	AUX
ftr-419	54	46	among	among	ADP
ftr-419	54	47	the	the	DET
ftr-419	54	48	most	most	ADV
ftr-419	54	49	confused	confused	ADJ
ftr-419	54	50	in	in	ADP
ftr-419	54	51	the	the	DET
ftr-419	54	52	entire	entire	ADJ
ftr-419	54	53	income	income	NOUN
ftr-419	54	54	tax	tax	NOUN
ftr-419	54	55	field	field	NOUN
ftr-419	54	56	.	.	PUNCT
ftr-419	55	1	the	the	DET
ftr-419	55	2	present	present	ADJ
ftr-419	55	3	statutory	statutory	ADJ
ftr-419	55	4	provisions	provision	NOUN
ftr-419	55	5	are	be	AUX
ftr-419	55	6	wholly	wholly	ADV
ftr-419	55	7	inadequate	inadequate	ADJ
ftr-419	55	8	.	.	PUNCT
ftr-419	56	1	the	the	DET
ftr-419	56	2	published	publish	VERB
ftr-419	56	3	regulations	regulation	NOUN
ftr-419	56	4	,	,	PUNCT
ftr-419	56	5	rulings	ruling	NOUN
ftr-419	56	6	,	,	PUNCT
ftr-419	56	7	and	and	CCONJ
ftr-419	56	8	court	court	NOUN
ftr-419	56	9	decisions	decision	NOUN
ftr-419	56	10	are	be	AUX
ftr-419	56	11	incomplete	incomplete	ADJ
ftr-419	56	12	and	and	CCONJ
ftr-419	56	13	frequently	frequently	ADV
ftr-419	56	14	contradictory	contradictory	ADJ
ftr-419	56	15	.	.	PUNCT
ftr-419	57	1	as	as	ADP
ftr-419	57	2	a	a	DET
ftr-419	57	3	result	result	NOUN
ftr-419	57	4	partners	partner	NOUN
ftr-419	57	5	today	today	NOUN
ftr-419	57	6	can	can	AUX
ftr-419	57	7	not	not	PART
ftr-419	57	8	form	form	VERB
ftr-419	57	9	,	,	PUNCT
ftr-419	57	10	operate	operate	VERB
ftr-419	57	11	,	,	PUNCT
ftr-419	57	12	or	or	CCONJ
ftr-419	57	13	dissolve	dissolve	VERB
ftr-419	57	14	a	a	DET
ftr-419	57	15	partnership	partnership	NOUN
ftr-419	57	16	with	with	ADP
ftr-419	57	17	any	any	DET
ftr-419	57	18	assurance	assurance	NOUN
ftr-419	57	19	as	as	SCONJ
ftr-419	57	20	to	to	PART
ftr-419	57	21	tax	tax	VERB
ftr-419	57	22	consequences.7	consequences.7	PRON
ftr-419	57	23	one	one	NUM
ftr-419	57	24	of	of	ADP
ftr-419	57	25	the	the	DET
ftr-419	57	26	areas	area	NOUN
ftr-419	57	27	addressed	address	VERB
ftr-419	57	28	in	in	ADP
ftr-419	57	29	the	the	DET
ftr-419	57	30	1954	1954	NUM
ftr-419	57	31	code	code	NOUN
ftr-419	57	32	was	be	AUX
ftr-419	57	33	the	the	DET
ftr-419	57	34	treatment	treatment	NOUN
ftr-419	57	35	of	of	ADP
ftr-419	57	36	transactions	transaction	NOUN
ftr-419	57	37	between	between	ADP
ftr-419	57	38	a	a	DET
ftr-419	57	39	partnership	partnership	NOUN
ftr-419	57	40	and	and	CCONJ
ftr-419	57	41	a	a	DET
ftr-419	57	42	partner	partner	NOUN
ftr-419	57	43	.	.	PUNCT
ftr-419	58	1	in	in	ADP
ftr-419	58	2	section	section	NOUN
ftr-419	58	3	707(a	707(a	PROPN
ftr-419	58	4	)	)	PUNCT
ftr-419	58	5	,	,	PUNCT
ftr-419	58	6	congress	congress	PROPN
ftr-419	58	7	dealt	deal	VERB
ftr-419	58	8	with	with	ADP
ftr-419	58	9	those	those	DET
ftr-419	58	10	transactions	transaction	NOUN
ftr-419	58	11	in	in	ADP
ftr-419	58	12	which	which	PRON
ftr-419	58	13	the	the	DET
ftr-419	58	14	partner	partner	NOUN
ftr-419	58	15	was	be	AUX
ftr-419	58	16	acting	act	VERB
ftr-419	58	17	in	in	ADP
ftr-419	58	18	some	some	DET
ftr-419	58	19	capacity	capacity	NOUN
ftr-419	58	20	other	other	ADJ
ftr-419	58	21	than	than	ADP
ftr-419	58	22	his	his	PRON
ftr-419	58	23	role	role	NOUN
ftr-419	58	24	as	as	ADP
ftr-419	58	25	a	a	DET
ftr-419	58	26	partner	partner	NOUN
ftr-419	58	27	.	.	PUNCT
ftr-419	59	1	in	in	ADP
ftr-419	59	2	section	section	NOUN
ftr-419	59	3	707(c	707(c	PROPN
ftr-419	59	4	)	)	PUNCT
ftr-419	59	5	,	,	PUNCT
ftr-419	59	6	congress	congress	PROPN
ftr-419	59	7	dealt	deal	VERB
ftr-419	59	8	with	with	ADP
ftr-419	59	9	payments	payment	NOUN
ftr-419	59	10	from	from	ADP
ftr-419	59	11	a	a	DET
ftr-419	59	12	partnership	partnership	NOUN
ftr-419	59	13	to	to	ADP
ftr-419	59	14	a	a	DET
ftr-419	59	15	partner	partner	NOUN
ftr-419	59	16	for	for	ADP
ftr-419	59	17	services	service	NOUN
ftr-419	59	18	rendered	render	VERB
ftr-419	59	19	in	in	ADP
ftr-419	59	20	his	his	PRON
ftr-419	59	21	partnership	partnership	NOUN
ftr-419	59	22	capacity	capacity	NOUN
ftr-419	59	23	(	(	PUNCT
ftr-419	59	24	or	or	CCONJ
ftr-419	59	25	for	for	ADP
ftr-419	59	26	the	the	DET
ftr-419	59	27	use	use	NOUN
ftr-419	59	28	of	of	ADP
ftr-419	59	29	capital	capital	NOUN
ftr-419	59	30	)	)	PUNCT
ftr-419	59	31	,	,	PUNCT
ftr-419	59	32	but	but	CCONJ
ftr-419	59	33	only	only	ADV
ftr-419	59	34	to	to	ADP
ftr-419	59	35	the	the	DET
ftr-419	59	36	extent	extent	NOUN
ftr-419	59	37	that	that	SCONJ
ftr-419	59	38	the	the	DET
ftr-419	59	39	payment	payment	NOUN
ftr-419	59	40	was	be	AUX
ftr-419	59	41	determined	determine	VERB
ftr-419	59	42	without	without	ADP
ftr-419	59	43	regard	regard	NOUN
ftr-419	59	44	to	to	ADP
ftr-419	59	45	the	the	DET
ftr-419	59	46	income	income	NOUN
ftr-419	59	47	of	of	ADP
ftr-419	59	48	the	the	DET
ftr-419	59	49	partnership	partnership	NOUN
ftr-419	59	50	.	.	PUNCT
ftr-419	60	1	a	a	DET
ftr-419	60	2	partnership	partnership	NOUN
ftr-419	60	3	can	can	AUX
ftr-419	60	4	hire	hire	VERB
ftr-419	60	5	a	a	DET
ftr-419	60	6	partner	partner	NOUN
ftr-419	60	7	to	to	PART
ftr-419	60	8	perform	perform	VERB
ftr-419	60	9	services	service	NOUN
ftr-419	60	10	and	and	CCONJ
ftr-419	60	11	pay	pay	VERB
ftr-419	60	12	the	the	DET
ftr-419	60	13	partner	partner	NOUN
ftr-419	60	14	a	a	DET
ftr-419	60	15	salary	salary	NOUN
ftr-419	60	16	,	,	PUNCT
ftr-419	60	17	determined	determine	VERB
ftr-419	60	18	without	without	ADP
ftr-419	60	19	regard	regard	NOUN
ftr-419	60	20	to	to	ADP
ftr-419	60	21	partnership	partnership	NOUN
ftr-419	60	22	income	income	NOUN
ftr-419	60	23	.	.	PUNCT
ftr-419	61	1	if	if	SCONJ
ftr-419	61	2	the	the	DET
ftr-419	61	3	services	service	NOUN
ftr-419	61	4	were	be	AUX
ftr-419	61	5	connected	connect	VERB
ftr-419	61	6	to	to	ADP
ftr-419	61	7	the	the	DET
ftr-419	61	8	partner	partner	NOUN
ftr-419	61	9	's	's	PART
ftr-419	61	10	role	role	NOUN
ftr-419	61	11	as	as	ADP
ftr-419	61	12	a	a	DET
ftr-419	61	13	partner	partner	NOUN
ftr-419	61	14	,	,	PUNCT
ftr-419	61	15	section	section	NOUN
ftr-419	61	16	707(c	707(c	PROPN
ftr-419	61	17	)	)	PUNCT
ftr-419	61	18	applies	apply	VERB
ftr-419	61	19	to	to	ADP
ftr-419	61	20	the	the	DET
ftr-419	61	21	payment	payment	NOUN
ftr-419	61	22	;	;	PUNCT
ftr-419	61	23	but	but	CCONJ
ftr-419	61	24	if	if	SCONJ
ftr-419	61	25	the	the	DET
ftr-419	61	26	services	service	NOUN
ftr-419	61	27	were	be	AUX
ftr-419	61	28	not	not	PART
ftr-419	61	29	pursuant	pursuant	ADJ
ftr-419	61	30	to	to	ADP
ftr-419	61	31	the	the	DET
ftr-419	61	32	partner	partner	NOUN
ftr-419	61	33	'	'	PART
ftr-419	61	34	s	s	NOUN
ftr-419	61	35	role	role	NOUN
ftr-419	61	36	as	as	ADP
ftr-419	61	37	a	a	DET
ftr-419	61	38	partner	partner	NOUN
ftr-419	61	39	,	,	PUNCT
ftr-419	61	40	section	section	NOUN
ftr-419	61	41	707(a	707(a	PROPN
ftr-419	61	42	)	)	PUNCT
ftr-419	61	43	controls	control	NOUN
ftr-419	61	44	.	.	PUNCT
ftr-419	62	1	that	that	DET
ftr-419	62	2	division	division	NOUN
ftr-419	62	3	still	still	ADV
ftr-419	62	4	exists	exist	VERB
ftr-419	62	5	and	and	CCONJ
ftr-419	62	6	is	be	AUX
ftr-419	62	7	reflected	reflect	VERB
ftr-419	62	8	in	in	ADP
ftr-419	62	9	the	the	DET
ftr-419	62	10	current	current	ADJ
ftr-419	62	11	forms	form	NOUN
ftr-419	62	12	of	of	ADP
ftr-419	62	13	section	section	NOUN
ftr-419	62	14	707(a	707(a	PROPN
ftr-419	62	15	)	)	PUNCT
ftr-419	62	16	and	and	CCONJ
ftr-419	62	17	(	(	PUNCT
ftr-419	62	18	c	c	NOUN
ftr-419	62	19	)	)	PUNCT
ftr-419	62	20	.	.	PUNCT
ftr-419	63	1	prior	prior	ADV
ftr-419	63	2	to	to	ADP
ftr-419	63	3	the	the	DET
ftr-419	63	4	adoption	adoption	NOUN
ftr-419	63	5	of	of	ADP
ftr-419	63	6	the	the	DET
ftr-419	63	7	1954	1954	NUM
ftr-419	63	8	code	code	NOUN
ftr-419	63	9	,	,	PUNCT
ftr-419	63	10	a	a	DET
ftr-419	63	11	partnership	partnership	NOUN
ftr-419	63	12	was	be	AUX
ftr-419	63	13	generally	generally	ADV
ftr-419	63	14	not	not	PART
ftr-419	63	15	treated	treat	VERB
ftr-419	63	16	as	as	ADP
ftr-419	63	17	a	a	DET
ftr-419	63	18	separate	separate	ADJ
ftr-419	63	19	entity	entity	NOUN
ftr-419	63	20	whose	whose	DET
ftr-419	63	21	transactions	transaction	NOUN
ftr-419	63	22	with	with	ADP
ftr-419	63	23	a	a	DET
ftr-419	63	24	partner	partner	NOUN
ftr-419	63	25	are	be	AUX
ftr-419	63	26	treated	treat	VERB
ftr-419	63	27	similarly	similarly	ADV
ftr-419	63	28	to	to	ADP
ftr-419	63	29	its	its	PRON
ftr-419	63	30	transactions	transaction	NOUN
ftr-419	63	31	with	with	ADP
ftr-419	63	32	a	a	DET
ftr-419	63	33	stranger	stranger	NOUN
ftr-419	63	34	.	.	PUNCT
ftr-419	64	1	section	section	NOUN
ftr-419	64	2	707(a	707(a	PROPN
ftr-419	64	3	)	)	PUNCT
ftr-419	64	4	changed	change	VERB
ftr-419	64	5	that	that	SCONJ
ftr-419	64	6	;	;	PUNCT
ftr-419	64	7	consequently	consequently	ADV
ftr-419	64	8	a	a	DET
ftr-419	64	9	transaction	transaction	NOUN
ftr-419	64	10	between	between	ADP
ftr-419	64	11	a	a	DET
ftr-419	64	12	partnership	partnership	NOUN
ftr-419	64	13	and	and	CCONJ
ftr-419	64	14	a	a	DET
ftr-419	64	15	partner	partner	NOUN
ftr-419	64	16	,	,	PUNCT
ftr-419	64	17	other	other	ADJ
ftr-419	64	18	than	than	ADP
ftr-419	64	19	in	in	ADP
ftr-419	64	20	the	the	DET
ftr-419	64	21	latter	latter	NOUN
ftr-419	64	22	's	's	PART
ftr-419	64	23	capacity	capacity	NOUN
ftr-419	64	24	as	as	ADP
ftr-419	64	25	a	a	DET
ftr-419	64	26	member	member	NOUN
ftr-419	64	27	of	of	ADP
ftr-419	64	28	the	the	DET
ftr-419	64	29	partnership	partnership	NOUN
ftr-419	64	30	,	,	PUNCT
ftr-419	64	31	is	be	AUX
ftr-419	64	32	now	now	ADV
ftr-419	64	33	treated	treat	VERB
ftr-419	64	34	the	the	DET
ftr-419	64	35	same	same	ADJ
ftr-419	64	36	as	as	ADP
ftr-419	64	37	a	a	DET
ftr-419	64	38	7	7	NUM
ftr-419	64	39	.	.	PUNCT
ftr-419	64	40	h.r	h.r	PROPN
ftr-419	64	41	.	.	PROPN
ftr-419	64	42	rept	rept	PROPN
ftr-419	64	43	.	.	PUNCT
ftr-419	65	1	no	no	INTJ
ftr-419	65	2	.	.	NOUN
ftr-419	65	3	83	83	NUM
ftr-419	65	4	-	-	SYM
ftr-419	65	5	1337	1337	NUM
ftr-419	65	6	,	,	PUNCT
ftr-419	65	7	pt	pt	PROPN
ftr-419	65	8	.	.	PROPN
ftr-419	65	9	22	22	NUM
ftr-419	65	10	,	,	PUNCT
ftr-419	65	11	at	at	ADP
ftr-419	65	12	65	65	NUM
ftr-419	65	13	(	(	PUNCT
ftr-419	65	14	1954	1954	NUM
ftr-419	65	15	)	)	PUNCT
ftr-419	65	16	,	,	PUNCT
ftr-419	65	17	reprinted	reprint	VERB
ftr-419	65	18	in	in	ADP
ftr-419	65	19	1954	1954	NUM
ftr-419	65	20	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-419	65	21	.	.	PUNCT
ftr-419	66	1	4025,4091	4025,4091	NOUN
ftr-419	66	2	,	,	PUNCT
ftr-419	66	3	[	[	X
ftr-419	66	4	vol6:5	vol6:5	NOUN
ftr-419	66	5	guaranteed	guarantee	VERB
ftr-419	66	6	payments	payment	NOUN
ftr-419	66	7	made	make	VERB
ftr-419	66	8	in	in	ADP
ftr-419	66	9	kind	kind	NOUN
ftr-419	66	10	by	by	ADP
ftr-419	66	11	a	a	DET
ftr-419	66	12	partnership	partnership	NOUN
ftr-419	66	13	transaction	transaction	NOUN
ftr-419	66	14	between	between	ADP
ftr-419	66	15	the	the	DET
ftr-419	66	16	partnership	partnership	NOUN
ftr-419	66	17	and	and	CCONJ
ftr-419	66	18	a	a	DET
ftr-419	66	19	stranger	stranger	NOUN
ftr-419	66	20	,	,	PUNCT
ftr-419	66	21	except	except	SCONJ
ftr-419	66	22	that	that	SCONJ
ftr-419	66	23	there	there	PRON
ftr-419	66	24	are	be	VERB
ftr-419	66	25	rules	rule	NOUN
ftr-419	66	26	denying	deny	VERB
ftr-419	66	27	a	a	DET
ftr-419	66	28	deduction	deduction	NOUN
ftr-419	66	29	or	or	CCONJ
ftr-419	66	30	requiring	require	VERB
ftr-419	66	31	ordinary	ordinary	ADJ
ftr-419	66	32	income	income	NOUN
ftr-419	66	33	treatment	treatment	NOUN
ftr-419	66	34	in	in	ADP
ftr-419	66	35	certain	certain	ADJ
ftr-419	66	36	cases	case	NOUN
ftr-419	66	37	involving	involve	VERB
ftr-419	66	38	a	a	DET
ftr-419	66	39	sale	sale	NOUN
ftr-419	66	40	or	or	CCONJ
ftr-419	66	41	exchange.8	exchange.8	AUX
ftr-419	66	42	a	a	DET
ftr-419	66	43	partnership	partnership	NOUN
ftr-419	66	44	may	may	AUX
ftr-419	66	45	pay	pay	VERB
ftr-419	66	46	a	a	DET
ftr-419	66	47	"	"	PUNCT
ftr-419	66	48	salary	salary	NOUN
ftr-419	66	49	"	"	PUNCT
ftr-419	66	50	to	to	ADP
ftr-419	66	51	a	a	DET
ftr-419	66	52	partner	partner	NOUN
ftr-419	66	53	for	for	ADP
ftr-419	66	54	services	service	NOUN
ftr-419	66	55	performed	perform	VERB
ftr-419	66	56	in	in	ADP
ftr-419	66	57	the	the	DET
ftr-419	66	58	latter	latter	NOUN
ftr-419	66	59	's	's	PART
ftr-419	66	60	capacity	capacity	NOUN
ftr-419	66	61	as	as	ADP
ftr-419	66	62	a	a	DET
ftr-419	66	63	partner	partner	NOUN
ftr-419	66	64	.	.	PUNCT
ftr-419	67	1	the	the	DET
ftr-419	67	2	"	"	PUNCT
ftr-419	67	3	salary	salary	NOUN
ftr-419	67	4	"	"	PUNCT
ftr-419	67	5	may	may	AUX
ftr-419	67	6	be	be	AUX
ftr-419	67	7	nothing	nothing	PRON
ftr-419	67	8	more	more	ADJ
ftr-419	67	9	than	than	ADP
ftr-419	67	10	an	an	DET
ftr-419	67	11	advance	advance	NOUN
ftr-419	67	12	on	on	ADP
ftr-419	67	13	the	the	DET
ftr-419	67	14	partner	partner	NOUN
ftr-419	67	15	's	's	PART
ftr-419	67	16	share	share	NOUN
ftr-419	67	17	of	of	ADP
ftr-419	67	18	partnership	partnership	NOUN
ftr-419	67	19	income	income	NOUN
ftr-419	67	20	.	.	PUNCT
ftr-419	68	1	or	or	CCONJ
ftr-419	68	2	,	,	PUNCT
ftr-419	68	3	it	it	PRON
ftr-419	68	4	can	can	AUX
ftr-419	68	5	be	be	AUX
ftr-419	68	6	a	a	DET
ftr-419	68	7	payment	payment	NOUN
ftr-419	68	8	of	of	ADP
ftr-419	68	9	a	a	DET
ftr-419	68	10	specified	specify	VERB
ftr-419	68	11	amount	amount	NOUN
ftr-419	68	12	,	,	PUNCT
ftr-419	68	13	after	after	ADP
ftr-419	68	14	which	which	PRON
ftr-419	68	15	the	the	DET
ftr-419	68	16	profits	profit	NOUN
ftr-419	68	17	of	of	ADP
ftr-419	68	18	the	the	DET
ftr-419	68	19	partnership	partnership	NOUN
ftr-419	68	20	are	be	AUX
ftr-419	68	21	divided	divide	VERB
ftr-419	68	22	among	among	ADP
ftr-419	68	23	all	all	PRON
ftr-419	68	24	of	of	ADP
ftr-419	68	25	the	the	DET
ftr-419	68	26	partners	partner	NOUN
ftr-419	68	27	,	,	PUNCT
ftr-419	68	28	including	include	VERB
ftr-419	68	29	the	the	DET
ftr-419	68	30	payee	payee	NOUN
ftr-419	68	31	,	,	PUNCT
ftr-419	68	32	in	in	ADP
ftr-419	68	33	proportion	proportion	NOUN
ftr-419	68	34	to	to	ADP
ftr-419	68	35	their	their	PRON
ftr-419	68	36	partnership	partnership	NOUN
ftr-419	68	37	interests	interest	NOUN
ftr-419	68	38	.	.	PUNCT
ftr-419	69	1	another	another	DET
ftr-419	69	2	version	version	NOUN
ftr-419	69	3	of	of	ADP
ftr-419	69	4	a	a	DET
ftr-419	69	5	"	"	PUNCT
ftr-419	69	6	salary	salary	NOUN
ftr-419	69	7	"	"	PUNCT
ftr-419	69	8	is	be	AUX
ftr-419	69	9	to	to	PART
ftr-419	69	10	provide	provide	VERB
ftr-419	69	11	a	a	DET
ftr-419	69	12	partner	partner	NOUN
ftr-419	69	13	with	with	ADP
ftr-419	69	14	a	a	DET
ftr-419	69	15	percentage	percentage	NOUN
ftr-419	69	16	interest	interest	NOUN
ftr-419	69	17	in	in	ADP
ftr-419	69	18	partnership	partnership	NOUN
ftr-419	69	19	profits	profit	NOUN
ftr-419	69	20	,	,	PUNCT
ftr-419	69	21	but	but	CCONJ
ftr-419	69	22	guarantee	guarantee	VERB
ftr-419	69	23	that	that	SCONJ
ftr-419	69	24	the	the	DET
ftr-419	69	25	partner	partner	NOUN
ftr-419	69	26	's	's	PART
ftr-419	69	27	share	share	NOUN
ftr-419	69	28	will	will	AUX
ftr-419	69	29	not	not	PART
ftr-419	69	30	be	be	AUX
ftr-419	69	31	less	less	ADJ
ftr-419	69	32	than	than	ADP
ftr-419	69	33	a	a	DET
ftr-419	69	34	specified	specify	VERB
ftr-419	69	35	dollar	dollar	NOUN
ftr-419	69	36	amount	amount	NOUN
ftr-419	69	37	.	.	PUNCT
ftr-419	70	1	payments	payment	NOUN
ftr-419	70	2	made	make	VERB
ftr-419	70	3	under	under	ADP
ftr-419	70	4	the	the	DET
ftr-419	70	5	first	first	ADJ
ftr-419	70	6	of	of	ADP
ftr-419	70	7	these	these	DET
ftr-419	70	8	alternatives	alternative	NOUN
ftr-419	70	9	will	will	AUX
ftr-419	70	10	not	not	PART
ftr-419	70	11	constitute	constitute	VERB
ftr-419	70	12	a	a	DET
ftr-419	70	13	guaranteed	guarantee	VERB
ftr-419	70	14	payment	payment	NOUN
ftr-419	70	15	;	;	PUNCT
ftr-419	70	16	payments	payment	NOUN
ftr-419	70	17	made	make	VERB
ftr-419	70	18	under	under	ADP
ftr-419	70	19	the	the	DET
ftr-419	70	20	second	second	ADJ
ftr-419	70	21	alternative	alternative	NOUN
ftr-419	70	22	will	will	AUX
ftr-419	70	23	be	be	AUX
ftr-419	70	24	a	a	DET
ftr-419	70	25	guaranteed	guarantee	VERB
ftr-419	70	26	payment	payment	NOUN
ftr-419	70	27	;	;	PUNCT
ftr-419	70	28	and	and	CCONJ
ftr-419	70	29	the	the	DET
ftr-419	70	30	extent	extent	NOUN
ftr-419	70	31	to	to	PART
ftr-419	70	32	which	which	PRON
ftr-419	70	33	a	a	DET
ftr-419	70	34	payment	payment	NOUN
ftr-419	70	35	received	receive	VERB
ftr-419	70	36	under	under	ADP
ftr-419	70	37	the	the	DET
ftr-419	70	38	third	third	ADJ
ftr-419	70	39	alternative	alternative	NOUN
ftr-419	70	40	constitutes	constitute	VERB
ftr-419	70	41	a	a	DET
ftr-419	70	42	"	"	PUNCT
ftr-419	70	43	guaranteed	guarantee	VERB
ftr-419	70	44	payment	payment	NOUN
ftr-419	70	45	"	"	PUNCT
ftr-419	70	46	is	be	AUX
ftr-419	70	47	discussed	discuss	VERB
ftr-419	70	48	in	in	ADP
ftr-419	70	49	part	part	NOUN
ftr-419	70	50	h	h	NOUN
ftr-419	70	51	of	of	ADP
ftr-419	70	52	this	this	DET
ftr-419	70	53	article	article	NOUN
ftr-419	70	54	.	.	PUNCT
ftr-419	71	1	prior	prior	ADV
ftr-419	71	2	to	to	ADP
ftr-419	71	3	the	the	DET
ftr-419	71	4	adoption	adoption	NOUN
ftr-419	71	5	of	of	ADP
ftr-419	71	6	the	the	DET
ftr-419	71	7	1954	1954	NUM
ftr-419	71	8	code	code	NOUN
ftr-419	71	9	,	,	PUNCT
ftr-419	71	10	salary	salary	NOUN
ftr-419	71	11	payments	payment	NOUN
ftr-419	71	12	to	to	ADP
ftr-419	71	13	a	a	DET
ftr-419	71	14	partner	partner	NOUN
ftr-419	71	15	for	for	ADP
ftr-419	71	16	services	service	NOUN
ftr-419	71	17	rendered	render	VERB
ftr-419	71	18	were	be	AUX
ftr-419	71	19	merely	merely	ADV
ftr-419	71	20	a	a	DET
ftr-419	71	21	basis	basis	NOUN
ftr-419	71	22	for	for	ADP
ftr-419	71	23	dividing	divide	VERB
ftr-419	71	24	the	the	DET
ftr-419	71	25	partnership	partnership	NOUN
ftr-419	71	26	's	's	PART
ftr-419	71	27	profits.9	profits.9	PROPN
ftr-419	71	28	if	if	SCONJ
ftr-419	71	29	the	the	DET
ftr-419	71	30	salary	salary	NOUN
ftr-419	71	31	payments	payment	NOUN
ftr-419	71	32	did	do	AUX
ftr-419	71	33	not	not	PART
ftr-419	71	34	exceed	exceed	VERB
ftr-419	71	35	partnership	partnership	NOUN
ftr-419	71	36	profits	profit	NOUN
ftr-419	71	37	,	,	PUNCT
ftr-419	71	38	the	the	DET
ftr-419	71	39	salaries	salary	NOUN
ftr-419	71	40	were	be	AUX
ftr-419	71	41	treated	treat	VERB
ftr-419	71	42	as	as	ADP
ftr-419	71	43	distributions	distribution	NOUN
ftr-419	71	44	of	of	ADP
ftr-419	71	45	those	those	DET
ftr-419	71	46	profits	profit	NOUN
ftr-419	71	47	and	and	CCONJ
ftr-419	71	48	taxed	tax	VERB
ftr-419	71	49	accordingly	accordingly	ADV
ftr-419	71	50	.	.	PUNCT
ftr-419	72	1	to	to	ADP
ftr-419	72	2	the	the	DET
ftr-419	72	3	extent	extent	NOUN
ftr-419	72	4	that	that	SCONJ
ftr-419	72	5	partnership	partnership	NOUN
ftr-419	72	6	profits	profit	NOUN
ftr-419	72	7	were	be	AUX
ftr-419	72	8	less	less	ADJ
ftr-419	72	9	than	than	ADP
ftr-419	72	10	the	the	DET
ftr-419	72	11	amount	amount	NOUN
ftr-419	72	12	of	of	ADP
ftr-419	72	13	salary	salary	NOUN
ftr-419	72	14	payments	payment	NOUN
ftr-419	72	15	,	,	PUNCT
ftr-419	72	16	the	the	DET
ftr-419	72	17	excess	excess	ADJ
ftr-419	72	18	salary	salary	NOUN
ftr-419	72	19	was	be	AUX
ftr-419	72	20	treated	treat	VERB
ftr-419	72	21	as	as	ADP
ftr-419	72	22	having	having	AUX
ftr-419	72	23	been	be	AUX
ftr-419	72	24	made	make	VERB
ftr-419	72	25	from	from	ADP
ftr-419	72	26	the	the	DET
ftr-419	72	27	partners	partner	NOUN
ftr-419	72	28	'	'	PART
ftr-419	72	29	capital	capital	NOUN
ftr-419	72	30	accounts	account	NOUN
ftr-419	72	31	.	.	PUNCT
ftr-419	73	1	salary	salary	NOUN
ftr-419	73	2	deemed	deem	VERB
ftr-419	73	3	to	to	PART
ftr-419	73	4	have	have	AUX
ftr-419	73	5	been	be	AUX
ftr-419	73	6	paid	pay	VERB
ftr-419	73	7	from	from	ADP
ftr-419	73	8	the	the	DET
ftr-419	73	9	service	service	NOUN
ftr-419	73	10	partner	partner	NOUN
ftr-419	73	11	's	's	PART
ftr-419	73	12	own	own	ADJ
ftr-419	73	13	capital	capital	NOUN
ftr-419	73	14	account	account	NOUN
ftr-419	73	15	was	be	AUX
ftr-419	73	16	not	not	PART
ftr-419	73	17	taxable	taxable	ADJ
ftr-419	73	18	to	to	ADP
ftr-419	73	19	him	he	PRON
ftr-419	73	20	,	,	PUNCT
ftr-419	73	21	but	but	CCONJ
ftr-419	73	22	salary	salary	NOUN
ftr-419	73	23	deemed	deem	VERB
ftr-419	73	24	to	to	PART
ftr-419	73	25	have	have	AUX
ftr-419	73	26	been	be	AUX
ftr-419	73	27	paid	pay	VERB
ftr-419	73	28	to	to	ADP
ftr-419	73	29	the	the	DET
ftr-419	73	30	service	service	NOUN
ftr-419	73	31	partner	partner	NOUN
ftr-419	73	32	from	from	ADP
ftr-419	73	33	the	the	DET
ftr-419	73	34	capital	capital	NOUN
ftr-419	73	35	account	account	NOUN
ftr-419	73	36	of	of	ADP
ftr-419	73	37	another	another	DET
ftr-419	73	38	partner	partner	NOUN
ftr-419	73	39	was	be	AUX
ftr-419	73	40	taxable	taxable	ADJ
ftr-419	73	41	to	to	ADP
ftr-419	73	42	the	the	DET
ftr-419	73	43	service	service	NOUN
ftr-419	73	44	partner	partner	NOUN
ftr-419	73	45	and	and	CCONJ
ftr-419	73	46	deductible	deductible	ADJ
ftr-419	73	47	by	by	ADP
ftr-419	73	48	the	the	DET
ftr-419	73	49	partner	partner	NOUN
ftr-419	73	50	whose	whose	DET
ftr-419	73	51	capital	capital	NOUN
ftr-419	73	52	account	account	NOUN
ftr-419	73	53	was	be	AUX
ftr-419	73	54	reduced	reduce	VERB
ftr-419	73	55	.	.	PUNCT
ftr-419	73	56	'l	'l	PART
ftr-419	74	1	the	the	DET
ftr-419	74	2	determination	determination	NOUN
ftr-419	74	3	of	of	ADP
ftr-419	74	4	tax	tax	NOUN
ftr-419	74	5	was	be	AUX
ftr-419	74	6	even	even	ADV
ftr-419	74	7	more	more	ADV
ftr-419	74	8	complex	complex	ADJ
ftr-419	74	9	when	when	SCONJ
ftr-419	74	10	,	,	PUNCT
ftr-419	74	11	as	as	ADP
ftr-419	74	12	a	a	DET
ftr-419	74	13	consequence	consequence	NOUN
ftr-419	74	14	of	of	ADP
ftr-419	74	15	paying	pay	VERB
ftr-419	74	16	salaries	salary	NOUN
ftr-419	74	17	,	,	PUNCT
ftr-419	74	18	the	the	DET
ftr-419	74	19	partnership	partnership	NOUN
ftr-419	74	20	had	have	VERB
ftr-419	74	21	a	a	DET
ftr-419	74	22	net	net	ADJ
ftr-419	74	23	loss	loss	NOUN
ftr-419	74	24	for	for	ADP
ftr-419	74	25	the	the	DET
ftr-419	74	26	year	year	NOUN
ftr-419	74	27	.	.	PUNCT
ftr-419	74	28	"	"	PUNCT
ftr-419	75	1	congress	congress	PROPN
ftr-419	75	2	determined	determine	VERB
ftr-419	75	3	that	that	SCONJ
ftr-419	75	4	the	the	DET
ftr-419	75	5	pre-1954	pre-1954	NOUN
ftr-419	75	6	treatment	treatment	NOUN
ftr-419	75	7	was	be	AUX
ftr-419	75	8	"	"	PUNCT
ftr-419	75	9	unrealistic	unrealistic	ADJ
ftr-419	75	10	and	and	CCONJ
ftr-419	75	11	unnecessarily	unnecessarily	ADV
ftr-419	75	12	complicated	complicated	ADJ
ftr-419	75	13	.	.	PUNCT
ftr-419	75	14	"'2	"'2	PUNCT
ftr-419	76	1	congress	congress	PROPN
ftr-419	76	2	cured	cure	VERB
ftr-419	76	3	this	this	DET
ftr-419	76	4	problem	problem	NOUN
ftr-419	76	5	by	by	ADP
ftr-419	76	6	adopting	adopt	VERB
ftr-419	76	7	section	section	NOUN
ftr-419	76	8	707(c	707(c	PROPN
ftr-419	76	9	)	)	PUNCT
ftr-419	76	10	,	,	PUNCT
ftr-419	76	11	which	which	PRON
ftr-419	76	12	treats	treat	VERB
ftr-419	76	13	a	a	DET
ftr-419	76	14	guaranteed	guarantee	VERB
ftr-419	76	15	payment	payment	NOUN
ftr-419	76	16	as	as	ADP
ftr-419	76	17	one	one	NUM
ftr-419	76	18	made	make	VERB
ftr-419	76	19	to	to	ADP
ftr-419	76	20	a	a	DET
ftr-419	76	21	person	person	NOUN
ftr-419	76	22	who	who	PRON
ftr-419	76	23	is	be	AUX
ftr-419	76	24	not	not	PART
ftr-419	76	25	a	a	DET
ftr-419	76	26	member	member	NOUN
ftr-419	76	27	of	of	ADP
ftr-419	76	28	the	the	DET
ftr-419	76	29	partnership	partnership	NOUN
ftr-419	76	30	,	,	PUNCT
ftr-419	76	31	"	"	PUNCT
ftr-419	76	32	but	but	CCONJ
ftr-419	76	33	only	only	ADV
ftr-419	76	34	for	for	ADP
ftr-419	76	35	the	the	DET
ftr-419	76	36	purposes	purpose	NOUN
ftr-419	76	37	of	of	ADP
ftr-419	76	38	section	section	NOUN
ftr-419	76	39	61	61	NUM
ftr-419	76	40	(	(	PUNCT
ftr-419	76	41	relating	relate	VERB
ftr-419	76	42	to	to	ADP
ftr-419	76	43	gross	gross	ADJ
ftr-419	76	44	income	income	NOUN
ftr-419	76	45	)	)	PUNCT
ftr-419	76	46	8	8	NUM
ftr-419	76	47	.	.	PUNCT
ftr-419	77	1	irc	irc	PROPN
ftr-419	77	2	§	§	PROPN
ftr-419	77	3	707(a	707(a	PROPN
ftr-419	77	4	)	)	PUNCT
ftr-419	77	5	.	.	PUNCT
ftr-419	78	1	no	no	DET
ftr-419	78	2	loss	loss	NOUN
ftr-419	78	3	deduction	deduction	NOUN
ftr-419	78	4	is	be	AUX
ftr-419	78	5	allowed	allow	VERB
ftr-419	78	6	for	for	ADP
ftr-419	78	7	a	a	DET
ftr-419	78	8	sale	sale	NOUN
ftr-419	78	9	or	or	CCONJ
ftr-419	78	10	exchange	exchange	NOUN
ftr-419	78	11	between	between	ADP
ftr-419	78	12	a	a	DET
ftr-419	78	13	partnership	partnership	NOUN
ftr-419	78	14	and	and	CCONJ
ftr-419	78	15	a	a	DET
ftr-419	78	16	partner	partner	NOUN
ftr-419	78	17	who	who	PRON
ftr-419	78	18	owns	own	VERB
ftr-419	78	19	,	,	PUNCT
ftr-419	78	20	after	after	ADP
ftr-419	78	21	applying	apply	VERB
ftr-419	78	22	certain	certain	ADJ
ftr-419	78	23	attribution	attribution	NOUN
ftr-419	78	24	rules	rule	NOUN
ftr-419	78	25	,	,	PUNCT
ftr-419	78	26	more	more	ADJ
ftr-419	78	27	than	than	ADP
ftr-419	78	28	a	a	DET
ftr-419	78	29	50	50	NUM
ftr-419	78	30	%	%	NOUN
ftr-419	78	31	capital	capital	NOUN
ftr-419	78	32	or	or	CCONJ
ftr-419	78	33	profits	profit	VERB
ftr-419	78	34	interest	interest	NOUN
ftr-419	78	35	in	in	ADP
ftr-419	78	36	the	the	DET
ftr-419	78	37	partnership	partnership	NOUN
ftr-419	78	38	.	.	PUNCT
ftr-419	79	1	irc	irc	PROPN
ftr-419	79	2	§	§	PROPN
ftr-419	79	3	707(b)(1	707(b)(1	PROPN
ftr-419	79	4	)	)	PUNCT
ftr-419	79	5	.	.	PUNCT
ftr-419	80	1	also	also	ADV
ftr-419	80	2	,	,	PUNCT
ftr-419	80	3	gain	gain	VERB
ftr-419	80	4	recognized	recognize	VERB
ftr-419	80	5	on	on	ADP
ftr-419	80	6	a	a	DET
ftr-419	80	7	sale	sale	NOUN
ftr-419	80	8	or	or	CCONJ
ftr-419	80	9	exchange	exchange	NOUN
ftr-419	80	10	between	between	ADP
ftr-419	80	11	a	a	DET
ftr-419	80	12	partnership	partnership	NOUN
ftr-419	80	13	and	and	CCONJ
ftr-419	80	14	a	a	DET
ftr-419	80	15	more	more	ADJ
ftr-419	80	16	than	than	ADP
ftr-419	80	17	50	50	NUM
ftr-419	80	18	%	%	NOUN
ftr-419	80	19	partner	partner	NOUN
ftr-419	80	20	of	of	ADP
ftr-419	80	21	an	an	DET
ftr-419	80	22	asset	asset	NOUN
ftr-419	80	23	that	that	PRON
ftr-419	80	24	is	be	AUX
ftr-419	80	25	not	not	PART
ftr-419	80	26	a	a	DET
ftr-419	80	27	capital	capital	NOUN
ftr-419	80	28	asset	asset	NOUN
ftr-419	80	29	in	in	ADP
ftr-419	80	30	the	the	DET
ftr-419	80	31	hands	hand	NOUN
ftr-419	80	32	of	of	ADP
ftr-419	80	33	the	the	DET
ftr-419	80	34	transferee	transferee	NOUN
ftr-419	80	35	will	will	AUX
ftr-419	80	36	be	be	AUX
ftr-419	80	37	treated	treat	VERB
ftr-419	80	38	as	as	ADP
ftr-419	80	39	ordinary	ordinary	ADJ
ftr-419	80	40	income	income	NOUN
ftr-419	80	41	.	.	PUNCT
ftr-419	81	1	irc	irc	PROPN
ftr-419	81	2	§	§	PROPN
ftr-419	81	3	707(b)(2	707(b)(2	PROPN
ftr-419	81	4	)	)	PUNCT
ftr-419	81	5	;	;	PUNCT
ftr-419	81	6	see	see	VERB
ftr-419	81	7	irc	irc	PROPN
ftr-419	81	8	§	§	PROPN
ftr-419	81	9	1239	1239	NUM
ftr-419	81	10	.	.	PUNCT
ftr-419	82	1	9	9	NUM
ftr-419	82	2	.	.	X
ftr-419	82	3	lloyd	lloyd	PROPN
ftr-419	82	4	v.	v.	PROPN
ftr-419	82	5	commissioner	commissioner	PROPN
ftr-419	82	6	,	,	PUNCT
ftr-419	82	7	15	15	NUM
ftr-419	82	8	b.t.a	b.t.a	NOUN
ftr-419	82	9	.	.	PROPN
ftr-419	82	10	82	82	NUM
ftr-419	82	11	,	,	PUNCT
ftr-419	82	12	87	87	NUM
ftr-419	82	13	(	(	PUNCT
ftr-419	82	14	1929	1929	NUM
ftr-419	82	15	)	)	PUNCT
ftr-419	82	16	.	.	PUNCT
ftr-419	83	1	10	10	NUM
ftr-419	83	2	,	,	PUNCT
ftr-419	83	3	cagle	cagle	PROPN
ftr-419	83	4	v.	v.	PROPN
ftr-419	83	5	commissioner	commissioner	PROPN
ftr-419	83	6	,	,	PUNCT
ftr-419	84	1	63	63	NUM
ftr-419	84	2	t.c	t.c	PROPN
ftr-419	84	3	.	.	PROPN
ftr-419	84	4	86,93	86,93	NUM
ftr-419	84	5	(	(	PUNCT
ftr-419	84	6	1974	1974	NUM
ftr-419	84	7	)	)	PUNCT
ftr-419	84	8	,	,	PUNCT
ftr-419	84	9	aff'd	aff'd	NOUN
ftr-419	84	10	,	,	PUNCT
ftr-419	84	11	539	539	NUM
ftr-419	84	12	f.2d	f.2d	ADP
ftr-419	84	13	409	409	NUM
ftr-419	84	14	(	(	PUNCT
ftr-419	84	15	5th	5th	ADJ
ftr-419	84	16	cir	cir	NOUN
ftr-419	84	17	.	.	PUNCT
ftr-419	84	18	1976	1976	NUM
ftr-419	84	19	)	)	PUNCT
ftr-419	84	20	.	.	PUNCT
ftr-419	85	1	11	11	NUM
ftr-419	85	2	.	.	X
ftr-419	86	1	see	see	VERB
ftr-419	86	2	lloyd	lloyd	PROPN
ftr-419	86	3	,	,	PUNCT
ftr-419	86	4	15	15	NUM
ftr-419	86	5	b.t.a	b.t.a	NOUN
ftr-419	86	6	.	.	PROPN
ftr-419	86	7	82	82	NUM
ftr-419	86	8	(	(	PUNCT
ftr-419	86	9	1929	1929	NUM
ftr-419	86	10	)	)	PUNCT
ftr-419	86	11	.	.	PUNCT
ftr-419	87	1	12	12	NUM
ftr-419	87	2	.	.	PUNCT
ftr-419	88	1	h.r	h.r	PROPN
ftr-419	88	2	.	.	PROPN
ftr-419	88	3	reptno	reptno	PROPN
ftr-419	88	4	.	.	PUNCT
ftr-419	89	1	83	83	NUM
ftr-419	89	2	-	-	SYM
ftr-419	89	3	1337	1337	NUM
ftr-419	89	4	,	,	PUNCT
ftr-419	89	5	supra	supra	PROPN
ftr-419	89	6	note	note	NOUN
ftr-419	89	7	7	7	NUM
ftr-419	89	8	,	,	PUNCT
ftr-419	89	9	at	at	ADP
ftr-419	89	10	68	68	NUM
ftr-419	89	11	,	,	PUNCT
ftr-419	89	12	reprinted	reprint	VERB
ftr-419	89	13	in	in	ADP
ftr-419	89	14	1954	1954	NUM
ftr-419	89	15	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-419	89	16	.	.	PUNCT
ftr-419	90	1	at	at	ADP
ftr-419	90	2	4094	4094	NUM
ftr-419	90	3	.	.	PUNCT
ftr-419	91	1	20041	20041	NUM
ftr-419	91	2	florida	florida	PROPN
ftr-419	91	3	tax	tax	NOUN
ftr-419	91	4	review	review	NOUN
ftr-419	91	5	and	and	CCONJ
ftr-419	91	6	,	,	PUNCT
ftr-419	91	7	subject	subject	ADJ
ftr-419	91	8	to	to	ADP
ftr-419	91	9	section	section	NOUN
ftr-419	91	10	263	263	NUM
ftr-419	91	11	,	,	PUNCT
ftr-419	91	12	for	for	ADP
ftr-419	91	13	purposes	purpose	NOUN
ftr-419	91	14	of	of	ADP
ftr-419	91	15	section	section	NOUN
ftr-419	91	16	162(a	162(a	PROPN
ftr-419	91	17	)	)	PUNCT
ftr-419	91	18	(	(	PUNCT
ftr-419	91	19	relating	relate	VERB
ftr-419	91	20	to	to	ADP
ftr-419	91	21	trade	trade	NOUN
ftr-419	91	22	or	or	CCONJ
ftr-419	91	23	business	business	NOUN
ftr-419	91	24	expenses	expense	NOUN
ftr-419	91	25	)	)	PUNCT
ftr-419	91	26	.	.	PUNCT
ftr-419	92	1	"	"	PUNCT
ftr-419	92	2	''	''	PUNCT
ftr-419	92	3	3	3	NUM
ftr-419	92	4	the	the	PRON
ftr-419	92	5	"	"	PUNCT
ftr-419	92	6	but	but	CCONJ
ftr-419	92	7	only	only	ADV
ftr-419	92	8	for	for	ADP
ftr-419	92	9	the	the	DET
ftr-419	92	10	purposes	purpose	NOUN
ftr-419	92	11	of	of	ADP
ftr-419	92	12	'	'	PUNCT
ftr-419	92	13	language	language	NOUN
ftr-419	92	14	in	in	ADP
ftr-419	92	15	the	the	DET
ftr-419	92	16	statute	statute	NOUN
ftr-419	92	17	was	be	AUX
ftr-419	92	18	added	add	VERB
ftr-419	92	19	to	to	ADP
ftr-419	92	20	the	the	DET
ftr-419	92	21	1954	1954	NUM
ftr-419	92	22	bill	bill	NOUN
ftr-419	92	23	by	by	ADP
ftr-419	92	24	the	the	DET
ftr-419	92	25	senate	senate	PROPN
ftr-419	92	26	finance	finance	PROPN
ftr-419	92	27	committee	committee	PROPN
ftr-419	92	28	and	and	CCONJ
ftr-419	92	29	accepted	accept	VERB
ftr-419	92	30	by	by	ADP
ftr-419	92	31	the	the	DET
ftr-419	92	32	house	house	NOUN
ftr-419	92	33	.	.	PUNCT
ftr-419	93	1	the	the	DET
ftr-419	93	2	clause	clause	NOUN
ftr-419	93	3	referring	refer	VERB
ftr-419	93	4	to	to	ADP
ftr-419	93	5	"	"	PUNCT
ftr-419	93	6	section	section	NOUN
ftr-419	93	7	263	263	NUM
ftr-419	93	8	"	"	PUNCT
ftr-419	93	9	was	be	AUX
ftr-419	93	10	added	add	VERB
ftr-419	93	11	in	in	ADP
ftr-419	93	12	1976	1976	NUM
ftr-419	93	13	to	to	PART
ftr-419	93	14	clarify	clarify	VERB
ftr-419	93	15	that	that	SCONJ
ftr-419	93	16	guaranteed	guarantee	VERB
ftr-419	93	17	payments	payment	NOUN
ftr-419	93	18	will	will	AUX
ftr-419	93	19	have	have	VERB
ftr-419	93	20	to	to	PART
ftr-419	93	21	be	be	AUX
ftr-419	93	22	capitalized	capitalize	VERB
ftr-419	93	23	instead	instead	ADV
ftr-419	93	24	of	of	ADP
ftr-419	93	25	deducted	deduct	VERB
ftr-419	93	26	in	in	ADP
ftr-419	93	27	appropriate	appropriate	ADJ
ftr-419	93	28	circumstances.4	circumstances.4	PROPN
ftr-419	93	29	iii	iii	PROPN
ftr-419	93	30	.	.	PROPN
ftr-419	93	31	partner	partner	NOUN
ftr-419	93	32	's	's	PART
ftr-419	93	33	percentage	percentage	NOUN
ftr-419	93	34	interest	interest	NOUN
ftr-419	93	35	subject	subject	ADJ
ftr-419	93	36	to	to	ADP
ftr-419	93	37	a	a	DET
ftr-419	93	38	minimum	minimum	ADJ
ftr-419	93	39	dollar	dollar	NOUN
ftr-419	93	40	amount	amount	NOUN
ftr-419	93	41	if	if	SCONJ
ftr-419	93	42	a	a	DET
ftr-419	93	43	partnership	partnership	NOUN
ftr-419	93	44	provides	provide	VERB
ftr-419	93	45	that	that	SCONJ
ftr-419	93	46	a	a	DET
ftr-419	93	47	service	service	NOUN
ftr-419	93	48	partner	partner	NOUN
ftr-419	93	49	is	be	AUX
ftr-419	93	50	to	to	PART
ftr-419	93	51	receive	receive	VERB
ftr-419	93	52	a	a	DET
ftr-419	93	53	specified	specified	ADJ
ftr-419	93	54	percentage	percentage	NOUN
ftr-419	93	55	of	of	ADP
ftr-419	93	56	partnership	partnership	NOUN
ftr-419	93	57	profits	profit	NOUN
ftr-419	93	58	,	,	PUNCT
ftr-419	93	59	computed	compute	VERB
ftr-419	93	60	before	before	ADP
ftr-419	93	61	taking	take	VERB
ftr-419	93	62	any	any	DET
ftr-419	93	63	guaranteed	guarantee	VERB
ftr-419	93	64	payments	payment	NOUN
ftr-419	93	65	into	into	ADP
ftr-419	93	66	account	account	NOUN
ftr-419	93	67	,	,	PUNCT
ftr-419	93	68	but	but	CCONJ
ftr-419	93	69	also	also	ADV
ftr-419	93	70	provides	provide	VERB
ftr-419	93	71	that	that	SCONJ
ftr-419	93	72	in	in	ADP
ftr-419	93	73	no	no	DET
ftr-419	93	74	event	event	NOUN
ftr-419	93	75	will	will	AUX
ftr-419	93	76	the	the	DET
ftr-419	93	77	amount	amount	NOUN
ftr-419	93	78	distributed	distribute	VERB
ftr-419	93	79	to	to	ADP
ftr-419	93	80	the	the	DET
ftr-419	93	81	partner	partner	NOUN
ftr-419	93	82	in	in	ADP
ftr-419	93	83	a	a	DET
ftr-419	93	84	taxable	taxable	ADJ
ftr-419	93	85	year	year	NOUN
ftr-419	93	86	be	be	VERB
ftr-419	93	87	less	less	ADJ
ftr-419	93	88	than	than	ADP
ftr-419	93	89	a	a	DET
ftr-419	93	90	specified	specify	VERB
ftr-419	93	91	dollar	dollar	NOUN
ftr-419	93	92	amount	amount	NOUN
ftr-419	93	93	,	,	PUNCT
ftr-419	93	94	what	what	DET
ftr-419	93	95	amount	amount	NOUN
ftr-419	93	96	of	of	ADP
ftr-419	93	97	the	the	DET
ftr-419	93	98	distribution	distribution	NOUN
ftr-419	93	99	to	to	ADP
ftr-419	93	100	that	that	DET
ftr-419	93	101	partner	partner	NOUN
ftr-419	93	102	will	will	AUX
ftr-419	93	103	be	be	AUX
ftr-419	93	104	a	a	DET
ftr-419	93	105	guaranteed	guarantee	VERB
ftr-419	93	106	payment	payment	NOUN
ftr-419	93	107	?	?	PUNCT
ftr-419	94	1	that	that	DET
ftr-419	94	2	issue	issue	NOUN
ftr-419	94	3	is	be	AUX
ftr-419	94	4	resolved	resolve	VERB
ftr-419	94	5	in	in	ADP
ftr-419	94	6	regulations	regulation	NOUN
ftr-419	94	7	section	section	NOUN
ftr-419	94	8	1.707	1.707	NUM
ftr-419	94	9	-	-	SYM
ftr-419	94	10	1(c	1(c	NUM
ftr-419	94	11	)	)	PUNCT
ftr-419	94	12	,	,	PUNCT
ftr-419	94	13	ex	ex	NOUN
ftr-419	94	14	.	.	NOUN
ftr-419	94	15	2	2	NUM
ftr-419	94	16	.	.	X
ftr-419	95	1	the	the	DET
ftr-419	95	2	amount	amount	NOUN
ftr-419	95	3	that	that	PRON
ftr-419	95	4	equals	equal	VERB
ftr-419	95	5	the	the	DET
ftr-419	95	6	partner	partner	NOUN
ftr-419	95	7	's	's	PART
ftr-419	95	8	percentage	percentage	NOUN
ftr-419	95	9	interest	interest	NOUN
ftr-419	95	10	in	in	ADP
ftr-419	95	11	the	the	DET
ftr-419	95	12	partnership	partnership	NOUN
ftr-419	95	13	's	's	PART
ftr-419	95	14	profits	profit	NOUN
ftr-419	95	15	is	be	AUX
ftr-419	95	16	treated	treat	VERB
ftr-419	95	17	as	as	ADP
ftr-419	95	18	a	a	DET
ftr-419	95	19	partnership	partnership	NOUN
ftr-419	95	20	distribution	distribution	NOUN
ftr-419	95	21	,	,	PUNCT
ftr-419	95	22	but	but	CCONJ
ftr-419	95	23	the	the	DET
ftr-419	95	24	additional	additional	ADJ
ftr-419	95	25	amount	amount	NOUN
ftr-419	95	26	of	of	ADP
ftr-419	95	27	the	the	DET
ftr-419	95	28	payment	payment	NOUN
ftr-419	95	29	above	above	ADP
ftr-419	95	30	the	the	DET
ftr-419	95	31	partner	partner	NOUN
ftr-419	95	32	's	's	PART
ftr-419	95	33	percentage	percentage	NOUN
ftr-419	95	34	interest	interest	NOUN
ftr-419	95	35	is	be	AUX
ftr-419	95	36	treated	treat	VERB
ftr-419	95	37	as	as	ADP
ftr-419	95	38	a	a	DET
ftr-419	95	39	guaranteed	guarantee	VERB
ftr-419	95	40	payment	payment	NOUN
ftr-419	95	41	.	.	PUNCT
ftr-419	96	1	"5	"5	VERB
ftr-419	97	1	the	the	DET
ftr-419	97	2	following	follow	VERB
ftr-419	97	3	illustration	illustration	NOUN
ftr-419	97	4	is	be	AUX
ftr-419	97	5	taken	take	VERB
ftr-419	97	6	from	from	ADP
ftr-419	97	7	the	the	DET
ftr-419	97	8	regulation	regulation	NOUN
ftr-419	97	9	.	.	PUNCT
ftr-419	98	1	partner	partner	NOUN
ftr-419	98	2	c	c	PROPN
ftr-419	98	3	,	,	PUNCT
ftr-419	98	4	who	who	PRON
ftr-419	98	5	provides	provide	VERB
ftr-419	98	6	services	service	NOUN
ftr-419	98	7	to	to	ADP
ftr-419	98	8	the	the	DET
ftr-419	98	9	cd	cd	PROPN
ftr-419	98	10	partnership	partnership	NOUN
ftr-419	98	11	in	in	ADP
ftr-419	98	12	his	his	PRON
ftr-419	98	13	capacity	capacity	NOUN
ftr-419	98	14	as	as	ADP
ftr-419	98	15	a	a	DET
ftr-419	98	16	partner	partner	NOUN
ftr-419	98	17	,	,	PUNCT
ftr-419	98	18	is	be	AUX
ftr-419	98	19	to	to	PART
ftr-419	98	20	receive	receive	VERB
ftr-419	98	21	annually	annually	ADV
ftr-419	98	22	30	30	NUM
ftr-419	98	23	%	%	NOUN
ftr-419	98	24	of	of	ADP
ftr-419	98	25	partnership	partnership	NOUN
ftr-419	98	26	income	income	NOUN
ftr-419	98	27	as	as	SCONJ
ftr-419	98	28	determined	determine	VERB
ftr-419	98	29	before	before	ADP
ftr-419	98	30	taking	take	VERB
ftr-419	98	31	into	into	ADP
ftr-419	98	32	account	account	NOUN
ftr-419	98	33	any	any	DET
ftr-419	98	34	guaranteed	guarantee	VERB
ftr-419	98	35	payments	payment	NOUN
ftr-419	98	36	,	,	PUNCT
ftr-419	98	37	but	but	CCONJ
ftr-419	98	38	no	no	PRON
ftr-419	98	39	less	less	ADJ
ftr-419	98	40	then	then	ADV
ftr-419	98	41	$	$	SYM
ftr-419	98	42	10,000	10,000	NUM
ftr-419	98	43	.	.	PUNCT
ftr-419	99	1	if	if	SCONJ
ftr-419	99	2	the	the	DET
ftr-419	99	3	partnership	partnership	NOUN
ftr-419	99	4	's	's	PART
ftr-419	99	5	income	income	NOUN
ftr-419	99	6	for	for	ADP
ftr-419	99	7	a	a	DET
ftr-419	99	8	year	year	NOUN
ftr-419	99	9	is	be	AUX
ftr-419	99	10	$	$	SYM
ftr-419	99	11	60,000	60,000	NUM
ftr-419	99	12	,	,	PUNCT
ftr-419	99	13	then	then	ADV
ftr-419	99	14	c	c	X
ftr-419	99	15	's	's	PART
ftr-419	99	16	distributive	distributive	ADJ
ftr-419	99	17	share	share	NOUN
ftr-419	99	18	would	would	AUX
ftr-419	99	19	be	be	AUX
ftr-419	99	20	$	$	SYM
ftr-419	99	21	18,000($60,000	18,000($60,000	NUM
ftr-419	99	22	x	x	SYM
ftr-419	99	23	30	30	NUM
ftr-419	99	24	%	%	NOUN
ftr-419	99	25	)	)	PUNCT
ftr-419	99	26	,	,	PUNCT
ftr-419	99	27	and	and	CCONJ
ftr-419	99	28	there	there	PRON
ftr-419	99	29	would	would	AUX
ftr-419	99	30	be	be	AUX
ftr-419	99	31	no	no	DET
ftr-419	99	32	guaranteed	guarantee	VERB
ftr-419	99	33	payment	payment	NOUN
ftr-419	99	34	.	.	PUNCT
ftr-419	100	1	in	in	ADP
ftr-419	100	2	the	the	DET
ftr-419	100	3	next	next	ADJ
ftr-419	100	4	year	year	NOUN
ftr-419	100	5	,	,	PUNCT
ftr-419	100	6	the	the	DET
ftr-419	100	7	partnership	partnership	NOUN
ftr-419	100	8	's	's	PART
ftr-419	100	9	income	income	NOUN
ftr-419	100	10	was	be	AUX
ftr-419	100	11	only	only	ADV
ftr-419	100	12	$	$	SYM
ftr-419	100	13	20,000	20,000	NUM
ftr-419	100	14	.	.	PUNCT
ftr-419	101	1	c	c	X
ftr-419	101	2	's	's	PART
ftr-419	101	3	distributive	distributive	ADJ
ftr-419	101	4	share	share	NOUN
ftr-419	101	5	of	of	ADP
ftr-419	101	6	that	that	DET
ftr-419	101	7	income	income	NOUN
ftr-419	101	8	is	be	AUX
ftr-419	101	9	$	$	SYM
ftr-419	101	10	6,000	6,000	NUM
ftr-419	101	11	(	(	PUNCT
ftr-419	101	12	$	$	SYM
ftr-419	101	13	20,000	20,000	NUM
ftr-419	101	14	x	x	SYM
ftr-419	101	15	30	30	NUM
ftr-419	101	16	%	%	NOUN
ftr-419	101	17	)	)	PUNCT
ftr-419	101	18	.	.	PUNCT
ftr-419	102	1	but	but	CCONJ
ftr-419	102	2	c	c	PROPN
ftr-419	102	3	is	be	AUX
ftr-419	102	4	guaranteed	guarantee	VERB
ftr-419	102	5	no	no	DET
ftr-419	102	6	less	less	ADJ
ftr-419	102	7	than	than	ADP
ftr-419	102	8	$	$	SYM
ftr-419	102	9	10,000	10,000	NUM
ftr-419	102	10	.	.	PUNCT
ftr-419	103	1	the	the	DET
ftr-419	103	2	$	$	SYM
ftr-419	103	3	4,000	4,000	NUM
ftr-419	103	4	difference	difference	NOUN
ftr-419	103	5	is	be	AUX
ftr-419	103	6	a	a	DET
ftr-419	103	7	guaranteed	guarantee	VERB
ftr-419	103	8	payment	payment	NOUN
ftr-419	103	9	to	to	ADP
ftr-419	103	10	c.	c.	NOUN
ftr-419	103	11	to	to	ADP
ftr-419	103	12	recap	recap	NOUN
ftr-419	103	13	,	,	PUNCT
ftr-419	103	14	$	$	SYM
ftr-419	103	15	6,000	6,000	NUM
ftr-419	103	16	paid	pay	VERB
ftr-419	103	17	to	to	ADP
ftr-419	103	18	c	c	PROPN
ftr-419	103	19	is	be	AUX
ftr-419	103	20	a	a	DET
ftr-419	103	21	partnership	partnership	NOUN
ftr-419	103	22	distribution	distribution	NOUN
ftr-419	103	23	,	,	PUNCT
ftr-419	103	24	and	and	CCONJ
ftr-419	103	25	the	the	DET
ftr-419	103	26	remaining	remain	VERB
ftr-419	103	27	$	$	SYM
ftr-419	103	28	4,000	4,000	NUM
ftr-419	103	29	is	be	AUX
ftr-419	103	30	a	a	DET
ftr-419	103	31	guaranteed	guarantee	VERB
ftr-419	103	32	payment	payment	NOUN
ftr-419	103	33	.	.	PUNCT
ftr-419	103	34	'	'	PUNCT
ftr-419	104	1	6	6	NUM
ftr-419	104	2	13	13	NUM
ftr-419	104	3	.	.	PUNCT
ftr-419	105	1	irc	irc	PROPN
ftr-419	105	2	§	§	PROPN
ftr-419	105	3	707(c	707(c	PROPN
ftr-419	105	4	)	)	PUNCT
ftr-419	105	5	(	(	PUNCT
ftr-419	105	6	emphasis	emphasis	NOUN
ftr-419	105	7	added	add	VERB
ftr-419	105	8	)	)	PUNCT
ftr-419	105	9	.	.	PUNCT
ftr-419	106	1	14	14	NUM
ftr-419	106	2	.	.	PUNCT
ftr-419	107	1	tax	tax	NOUN
ftr-419	107	2	reform	reform	PROPN
ftr-419	107	3	act	act	NOUN
ftr-419	107	4	of	of	ADP
ftr-419	107	5	1976	1976	NUM
ftr-419	107	6	,	,	PUNCT
ftr-419	107	7	pub	pub	NOUN
ftr-419	107	8	.	.	PUNCT
ftr-419	108	1	l.	l.	PROPN
ftr-419	108	2	no	no	INTJ
ftr-419	108	3	.	.	PROPN
ftr-419	109	1	94	94	NUM
ftr-419	109	2	-	-	SYM
ftr-419	109	3	455	455	NUM
ftr-419	109	4	,	,	PUNCT
ftr-419	109	5	90	90	NUM
ftr-419	109	6	stat	stat	NOUN
ftr-419	109	7	.	.	PUNCT
ftr-419	110	1	1520	1520	NUM
ftr-419	110	2	(	(	PUNCT
ftr-419	110	3	1976	1976	NUM
ftr-419	110	4	)	)	PUNCT
ftr-419	110	5	.	.	PUNCT
ftr-419	111	1	this	this	DET
ftr-419	111	2	amendment	amendment	NOUN
ftr-419	111	3	codified	codify	VERB
ftr-419	111	4	the	the	DET
ftr-419	111	5	result	result	NOUN
ftr-419	111	6	reached	reach	VERB
ftr-419	111	7	by	by	ADP
ftr-419	111	8	the	the	DET
ftr-419	111	9	courts	court	NOUN
ftr-419	111	10	in	in	ADP
ftr-419	111	11	cagle	cagle	PROPN
ftr-419	111	12	v.	v.	PROPN
ftr-419	111	13	commissioner	commissioner	PROPN
ftr-419	111	14	,	,	PUNCT
ftr-419	111	15	63	63	NUM
ftr-419	111	16	t.c	t.c	PROPN
ftr-419	111	17	.	.	PROPN
ftr-419	111	18	86	86	NUM
ftr-419	111	19	(	(	PUNCT
ftr-419	111	20	1974	1974	NUM
ftr-419	111	21	)	)	PUNCT
ftr-419	111	22	,	,	PUNCT
ftr-419	111	23	afftd	afftd	PROPN
ftr-419	111	24	,	,	PUNCT
ftr-419	111	25	539	539	NUM
ftr-419	111	26	f.2d	f.2d	ADP
ftr-419	111	27	409	409	NUM
ftr-419	111	28	(	(	PUNCT
ftr-419	111	29	5th	5th	ADJ
ftr-419	111	30	cir	cir	NOUN
ftr-419	111	31	.	.	PUNCT
ftr-419	111	32	1976	1976	NUM
ftr-419	111	33	)	)	PUNCT
ftr-419	111	34	.	.	PUNCT
ftr-419	112	1	15	15	X
ftr-419	112	2	.	.	X
ftr-419	113	1	see	see	VERB
ftr-419	113	2	rev	rev	PROPN
ftr-419	113	3	.	.	PROPN
ftr-419	113	4	rul	rul	PROPN
ftr-419	113	5	.	.	PUNCT
ftr-419	114	1	69	69	NUM
ftr-419	114	2	-	-	SYM
ftr-419	114	3	180	180	NUM
ftr-419	114	4	,	,	PUNCT
ftr-419	114	5	1969	1969	NUM
ftr-419	114	6	-	-	SYM
ftr-419	114	7	1	1	NUM
ftr-419	114	8	c.b	c.b	PROPN
ftr-419	114	9	.	.	PROPN
ftr-419	114	10	183	183	NUM
ftr-419	114	11	.	.	X
ftr-419	114	12	16	16	NUM
ftr-419	114	13	.	.	PUNCT
ftr-419	115	1	see	see	VERB
ftr-419	115	2	regs	reg	NOUN
ftr-419	115	3	.	.	PUNCT
ftr-419	116	1	§	§	PROPN
ftr-419	116	2	1.707	1.707	NUM
ftr-419	116	3	-	-	SYM
ftr-419	116	4	1	1	NUM
ftr-419	116	5	,	,	PUNCT
ftr-419	116	6	ex	ex	NOUN
ftr-419	116	7	.	.	NOUN
ftr-419	116	8	2	2	NUM
ftr-419	116	9	.	.	PUNCT
ftr-419	117	1	[	[	X
ftr-419	117	2	vol.6:5	vol.6:5	NOUN
ftr-419	117	3	guaranteed	guarantee	VERB
ftr-419	117	4	payments	payment	NOUN
ftr-419	117	5	made	make	VERB
ftr-419	117	6	in	in	ADP
ftr-419	117	7	kind	kind	NOUN
ftr-419	117	8	by	by	ADP
ftr-419	117	9	a	a	DET
ftr-419	117	10	partnership	partnership	NOUN
ftr-419	117	11	iv	iv	NUM
ftr-419	117	12	.	.	PUNCT
ftr-419	117	13	nonrecognition	nonrecognition	NOUN
ftr-419	117	14	of	of	ADP
ftr-419	117	15	gain	gain	NOUN
ftr-419	117	16	for	for	ADP
ftr-419	117	17	partnership	partnership	NOUN
ftr-419	117	18	distributions	distribution	NOUN
ftr-419	117	19	and	and	CCONJ
ftr-419	117	20	basis	basis	NOUN
ftr-419	117	21	of	of	ADP
ftr-419	117	22	distributed	distribute	VERB
ftr-419	117	23	property	property	NOUN
ftr-419	117	24	the	the	DET
ftr-419	117	25	general	general	ADJ
ftr-419	117	26	rule	rule	NOUN
ftr-419	117	27	is	be	AUX
ftr-419	117	28	that	that	SCONJ
ftr-419	117	29	neither	neither	CCONJ
ftr-419	117	30	a	a	DET
ftr-419	117	31	partnership	partnership	NOUN
ftr-419	117	32	nor	nor	CCONJ
ftr-419	117	33	a	a	DET
ftr-419	117	34	partner	partner	NOUN
ftr-419	117	35	recognizes	recognize	VERB
ftr-419	117	36	gain	gain	NOUN
ftr-419	117	37	or	or	CCONJ
ftr-419	117	38	loss	loss	NOUN
ftr-419	117	39	when	when	SCONJ
ftr-419	117	40	property	property	NOUN
ftr-419	117	41	is	be	AUX
ftr-419	117	42	distributed	distribute	VERB
ftr-419	117	43	to	to	ADP
ftr-419	117	44	a	a	DET
ftr-419	117	45	partner	partner	NOUN
ftr-419	117	46	either	either	CCONJ
ftr-419	117	47	as	as	ADP
ftr-419	117	48	an	an	DET
ftr-419	117	49	operating	operating	NOUN
ftr-419	117	50	or	or	CCONJ
ftr-419	117	51	as	as	ADP
ftr-419	117	52	a	a	DET
ftr-419	117	53	liquidating	liquidate	VERB
ftr-419	117	54	distribution.7	distribution.7	NOUN
ftr-419	117	55	there	there	PRON
ftr-419	117	56	are	be	VERB
ftr-419	117	57	several	several	ADJ
ftr-419	117	58	exceptions	exception	NOUN
ftr-419	117	59	.	.	PUNCT
ftr-419	118	1	one	one	NUM
ftr-419	118	2	exception	exception	NOUN
ftr-419	118	3	is	be	AUX
ftr-419	118	4	that	that	SCONJ
ftr-419	118	5	a	a	DET
ftr-419	118	6	partner	partner	NOUN
ftr-419	118	7	recognizes	recognize	VERB
ftr-419	118	8	gain	gain	NOUN
ftr-419	118	9	to	to	ADP
ftr-419	118	10	the	the	DET
ftr-419	118	11	extent	extent	NOUN
ftr-419	118	12	that	that	SCONJ
ftr-419	118	13	the	the	DET
ftr-419	118	14	partner	partner	NOUN
ftr-419	118	15	receives	receive	VERB
ftr-419	118	16	cash	cash	NOUN
ftr-419	118	17	from	from	ADP
ftr-419	118	18	the	the	DET
ftr-419	118	19	partnership	partnership	NOUN
ftr-419	118	20	in	in	ADP
ftr-419	118	21	excess	excess	NOUN
ftr-419	118	22	of	of	ADP
ftr-419	118	23	the	the	DET
ftr-419	118	24	partner	partner	NOUN
ftr-419	118	25	's	's	PART
ftr-419	118	26	outside	outside	ADJ
ftr-419	118	27	basis	basis	NOUN
ftr-419	118	28	(	(	PUNCT
ftr-419	118	29	i.e.	i.e.	X
ftr-419	118	30	,	,	PUNCT
ftr-419	118	31	"	"	PUNCT
ftr-419	118	32	outside	outside	ADJ
ftr-419	118	33	basis	basis	NOUN
ftr-419	118	34	"	"	PUNCT
ftr-419	118	35	is	be	AUX
ftr-419	118	36	the	the	DET
ftr-419	118	37	basis	basis	NOUN
ftr-419	118	38	that	that	SCONJ
ftr-419	118	39	a	a	DET
ftr-419	118	40	partner	partner	NOUN
ftr-419	118	41	has	have	AUX
ftr-419	118	42	in	in	ADP
ftr-419	118	43	his	his	PRON
ftr-419	118	44	partnership	partnership	NOUN
ftr-419	118	45	interest	interest	NOUN
ftr-419	118	46	)	)	PUNCT
ftr-419	118	47	.	.	PUNCT
ftr-419	119	1	18	18	NUM
ftr-419	119	2	a	a	DET
ftr-419	119	3	second	second	ADJ
ftr-419	119	4	exception	exception	NOUN
ftr-419	119	5	,	,	PUNCT
ftr-419	119	6	in	in	ADP
ftr-419	119	7	which	which	PRON
ftr-419	119	8	both	both	CCONJ
ftr-419	119	9	the	the	DET
ftr-419	119	10	partner	partner	NOUN
ftr-419	119	11	and	and	CCONJ
ftr-419	119	12	the	the	DET
ftr-419	119	13	partnership	partnership	NOUN
ftr-419	119	14	can	can	AUX
ftr-419	119	15	recognize	recognize	VERB
ftr-419	119	16	a	a	DET
ftr-419	119	17	gain	gain	NOUN
ftr-419	119	18	or	or	CCONJ
ftr-419	119	19	a	a	DET
ftr-419	119	20	loss	loss	NOUN
ftr-419	119	21	,	,	PUNCT
ftr-419	119	22	arises	arise	VERB
ftr-419	119	23	when	when	SCONJ
ftr-419	119	24	section	section	PROPN
ftr-419	119	25	751(b	751(b	PROPN
ftr-419	119	26	)	)	PUNCT
ftr-419	119	27	comes	come	VERB
ftr-419	119	28	into	into	ADP
ftr-419	119	29	play	play	NOUN
ftr-419	119	30	.	.	PUNCT
ftr-419	120	1	section	section	PROPN
ftr-419	120	2	751(b	751(b	PROPN
ftr-419	120	3	)	)	PUNCT
ftr-419	120	4	applies	apply	VERB
ftr-419	120	5	when	when	SCONJ
ftr-419	120	6	the	the	DET
ftr-419	120	7	consequence	consequence	NOUN
ftr-419	120	8	of	of	ADP
ftr-419	120	9	a	a	DET
ftr-419	120	10	distribution	distribution	NOUN
ftr-419	120	11	is	be	AUX
ftr-419	120	12	that	that	SCONJ
ftr-419	120	13	the	the	DET
ftr-419	120	14	value	value	NOUN
ftr-419	120	15	of	of	ADP
ftr-419	120	16	the	the	DET
ftr-419	120	17	partner	partner	NOUN
ftr-419	120	18	's	's	PART
ftr-419	120	19	aggregate	aggregate	ADJ
ftr-419	120	20	share	share	NOUN
ftr-419	120	21	of	of	ADP
ftr-419	120	22	certain	certain	ADJ
ftr-419	120	23	ordinary	ordinary	ADJ
ftr-419	120	24	income	income	NOUN
ftr-419	120	25	assets	asset	NOUN
ftr-419	120	26	(	(	PUNCT
ftr-419	120	27	sometimes	sometimes	ADV
ftr-419	120	28	referred	refer	VERB
ftr-419	120	29	to	to	ADP
ftr-419	120	30	as	as	ADP
ftr-419	120	31	"	"	PUNCT
ftr-419	120	32	section	section	NOUN
ftr-419	120	33	751	751	NUM
ftr-419	120	34	assets	asset	NOUN
ftr-419	120	35	"	"	PUNCT
ftr-419	120	36	or	or	CCONJ
ftr-419	120	37	as	as	ADP
ftr-419	120	38	"	"	PUNCT
ftr-419	120	39	hot	hot	ADJ
ftr-419	120	40	assets")9	assets")9	NOUN
ftr-419	120	41	of	of	ADP
ftr-419	120	42	the	the	DET
ftr-419	120	43	partnership	partnership	NOUN
ftr-419	120	44	,	,	PUNCT
ftr-419	120	45	determined	determine	VERB
ftr-419	120	46	immediatelybefore	immediatelybefore	NOUN
ftr-419	120	47	the	the	DET
ftr-419	120	48	distribution	distribution	NOUN
ftr-419	120	49	,	,	PUNCT
ftr-419	120	50	is	be	AUX
ftr-419	120	51	increased	increase	VERB
ftr-419	120	52	or	or	CCONJ
ftr-419	120	53	decreased	decrease	VERB
ftr-419	120	54	and	and	CCONJ
ftr-419	120	55	the	the	DET
ftr-419	120	56	value	value	NOUN
ftr-419	120	57	of	of	ADP
ftr-419	120	58	the	the	DET
ftr-419	120	59	partner	partner	NOUN
ftr-419	120	60	's	's	PART
ftr-419	120	61	aggregate	aggregate	ADJ
ftr-419	120	62	share	share	NOUN
ftr-419	120	63	of	of	ADP
ftr-419	120	64	other	other	ADJ
ftr-419	120	65	partnership	partnership	NOUN
ftr-419	120	66	assets	asset	NOUN
ftr-419	120	67	is	be	AUX
ftr-419	120	68	correspondingly	correspondingly	ADV
ftr-419	120	69	decreased	decrease	VERB
ftr-419	120	70	or	or	CCONJ
ftr-419	120	71	increased.2	increased.2	NOUN
ftr-419	120	72	"	"	PUNCT
ftr-419	120	73	when	when	SCONJ
ftr-419	120	74	applicable	applicable	ADJ
ftr-419	120	75	,	,	PUNCT
ftr-419	120	76	section	section	NOUN
ftr-419	120	77	751(b	751(b	PROPN
ftr-419	120	78	)	)	PUNCT
ftr-419	120	79	causes	cause	VERB
ftr-419	120	80	there	there	PRON
ftr-419	120	81	to	to	PART
ftr-419	120	82	be	be	AUX
ftr-419	120	83	a	a	DET
ftr-419	120	84	constructive	constructive	ADJ
ftr-419	120	85	exchange	exchange	NOUN
ftr-419	120	86	of	of	ADP
ftr-419	120	87	assets	asset	NOUN
ftr-419	120	88	between	between	ADP
ftr-419	120	89	the	the	DET
ftr-419	120	90	partnership	partnership	NOUN
ftr-419	120	91	and	and	CCONJ
ftr-419	120	92	the	the	DET
ftr-419	120	93	partner	partner	NOUN
ftr-419	120	94	in	in	ADP
ftr-419	120	95	which	which	PRON
ftr-419	120	96	both	both	DET
ftr-419	120	97	parties	party	NOUN
ftr-419	120	98	can	can	AUX
ftr-419	120	99	recognize	recognize	VERB
ftr-419	120	100	gain	gain	NOUN
ftr-419	120	101	or	or	CCONJ
ftr-419	120	102	loss	loss	NOUN
ftr-419	120	103	.	.	PUNCT
ftr-419	121	1	while	while	SCONJ
ftr-419	121	2	there	there	PRON
ftr-419	121	3	are	be	VERB
ftr-419	121	4	several	several	ADJ
ftr-419	121	5	other	other	ADJ
ftr-419	121	6	circumstances	circumstance	NOUN
ftr-419	121	7	in	in	ADP
ftr-419	121	8	which	which	PRON
ftr-419	121	9	a	a	DET
ftr-419	121	10	partner	partner	NOUN
ftr-419	121	11	(	(	PUNCT
ftr-419	121	12	not	not	PART
ftr-419	121	13	necessarily	necessarily	ADV
ftr-419	121	14	the	the	DET
ftr-419	121	15	partner	partner	NOUN
ftr-419	121	16	who	who	PRON
ftr-419	121	17	received	receive	VERB
ftr-419	121	18	the	the	DET
ftr-419	121	19	distribution	distribution	NOUN
ftr-419	121	20	)	)	PUNCT
ftr-419	121	21	can	can	AUX
ftr-419	121	22	recognize	recognize	VERB
ftr-419	121	23	a	a	DET
ftr-419	121	24	gain	gain	NOUN
ftr-419	121	25	because	because	SCONJ
ftr-419	121	26	of	of	ADP
ftr-419	121	27	a	a	DET
ftr-419	121	28	distribution	distribution	NOUN
ftr-419	121	29	in	in	ADP
ftr-419	121	30	kind,2	kind,2	NOUN
ftr-419	121	31	'	'	PART
ftr-419	121	32	it	it	PRON
ftr-419	121	33	is	be	AUX
ftr-419	121	34	only	only	ADV
ftr-419	121	35	in	in	ADP
ftr-419	121	36	a	a	DET
ftr-419	121	37	constructive	constructive	ADJ
ftr-419	121	38	exchange	exchange	NOUN
ftr-419	121	39	triggered	trigger	VERB
ftr-419	121	40	by	by	ADP
ftr-419	121	41	section	section	NOUN
ftr-419	121	42	751	751	NUM
ftr-419	121	43	(	(	PUNCT
ftr-419	121	44	b	b	NOUN
ftr-419	121	45	)	)	PUNCT
ftr-419	121	46	that	that	SCONJ
ftr-419	121	47	a	a	DET
ftr-419	121	48	distribution	distribution	NOUN
ftr-419	121	49	can	can	AUX
ftr-419	121	50	cause	cause	VERB
ftr-419	121	51	the	the	DET
ftr-419	121	52	partnership	partnership	NOUN
ftr-419	121	53	to	to	PART
ftr-419	121	54	recognize	recognize	VERB
ftr-419	121	55	gain	gain	NOUN
ftr-419	121	56	or	or	CCONJ
ftr-419	121	57	loss	loss	NOUN
ftr-419	121	58	.	.	PUNCT
ftr-419	122	1	the	the	DET
ftr-419	122	2	section	section	NOUN
ftr-419	122	3	751(b	751(b	PROPN
ftr-419	122	4	)	)	PUNCT
ftr-419	122	5	constructive	constructive	ADJ
ftr-419	122	6	exchange	exchange	NOUN
ftr-419	122	7	arises	arise	VERB
ftr-419	122	8	only	only	ADV
ftr-419	122	9	under	under	ADP
ftr-419	122	10	special	special	ADJ
ftr-419	122	11	circumstance	circumstance	NOUN
ftr-419	122	12	and	and	CCONJ
ftr-419	122	13	invokes	invoke	VERB
ftr-419	122	14	a	a	DET
ftr-419	122	15	complex	complex	ADJ
ftr-419	122	16	set	set	NOUN
ftr-419	122	17	of	of	ADP
ftr-419	122	18	tax	tax	NOUN
ftr-419	122	19	rules	rule	NOUN
ftr-419	122	20	.	.	PUNCT
ftr-419	123	1	in	in	ADP
ftr-419	123	2	the	the	DET
ftr-419	123	3	balance	balance	NOUN
ftr-419	123	4	of	of	ADP
ftr-419	123	5	this	this	DET
ftr-419	123	6	article	article	NOUN
ftr-419	123	7	,	,	PUNCT
ftr-419	123	8	we	we	PRON
ftr-419	123	9	will	will	AUX
ftr-419	123	10	deal	deal	VERB
ftr-419	123	11	with	with	ADP
ftr-419	123	12	distributions	distribution	NOUN
ftr-419	123	13	that	that	PRON
ftr-419	123	14	do	do	AUX
ftr-419	123	15	not	not	PART
ftr-419	123	16	trigger	trigger	VERB
ftr-419	123	17	section	section	NOUN
ftr-419	123	18	751	751	NUM
ftr-419	123	19	(	(	PUNCT
ftr-419	123	20	b	b	NOUN
ftr-419	123	21	)	)	PUNCT
ftr-419	123	22	,	,	PUNCT
ftr-419	123	23	and	and	CCONJ
ftr-419	123	24	so	so	ADV
ftr-419	123	25	we	we	PRON
ftr-419	123	26	will	will	AUX
ftr-419	123	27	ignore	ignore	VERB
ftr-419	123	28	that	that	DET
ftr-419	123	29	provision	provision	NOUN
ftr-419	123	30	for	for	ADP
ftr-419	123	31	the	the	DET
ftr-419	123	32	most	most	ADJ
ftr-419	123	33	part	part	NOUN
ftr-419	123	34	.	.	PUNCT
ftr-419	124	1	section	section	NOUN
ftr-419	124	2	751	751	NUM
ftr-419	124	3	(	(	PUNCT
ftr-419	124	4	b	b	NOUN
ftr-419	124	5	)	)	PUNCT
ftr-419	124	6	does	do	AUX
ftr-419	124	7	not	not	PART
ftr-419	124	8	apply	apply	VERB
ftr-419	124	9	17	17	NUM
ftr-419	124	10	.	.	PUNCT
ftr-419	125	1	irc	irc	PROPN
ftr-419	125	2	§	§	PROPN
ftr-419	125	3	§	§	PROPN
ftr-419	125	4	73	73	NUM
ftr-419	125	5	1(a	1(a	NUM
ftr-419	125	6	)	)	PUNCT
ftr-419	125	7	,	,	PUNCT
ftr-419	125	8	(	(	PUNCT
ftr-419	125	9	b	b	NOUN
ftr-419	125	10	)	)	PUNCT
ftr-419	125	11	,	,	PUNCT
ftr-419	125	12	736(b)(1	736(b)(1	NOUN
ftr-419	125	13	)	)	PUNCT
ftr-419	125	14	.	.	PUNCT
ftr-419	126	1	18	18	NUM
ftr-419	126	2	.	.	PUNCT
ftr-419	126	3	irc	irc	PROPN
ftr-419	126	4	§	§	PROPN
ftr-419	126	5	731(a)(1	731(a)(1	PROPN
ftr-419	126	6	)	)	PUNCT
ftr-419	126	7	.	.	PUNCT
ftr-419	127	1	19	19	NUM
ftr-419	127	2	.	.	X
ftr-419	127	3	section	section	NOUN
ftr-419	127	4	751	751	NUM
ftr-419	127	5	assets	asset	NOUN
ftr-419	127	6	consist	consist	VERB
ftr-419	127	7	of	of	ADP
ftr-419	127	8	two	two	NUM
ftr-419	127	9	categories	category	NOUN
ftr-419	127	10	of	of	ADP
ftr-419	127	11	properties	property	NOUN
ftr-419	127	12	:	:	PUNCT
ftr-419	127	13	"	"	PUNCT
ftr-419	127	14	unrealized	unrealized	ADJ
ftr-419	127	15	receivables	receivables	NOUN
ftr-419	127	16	,	,	PUNCT
ftr-419	127	17	"	"	PUNCT
ftr-419	127	18	and	and	CCONJ
ftr-419	127	19	"	"	PUNCT
ftr-419	127	20	inventory	inventory	NOUN
ftr-419	127	21	;	;	PUNCT
ftr-419	127	22	"	"	PUNCT
ftr-419	127	23	and	and	CCONJ
ftr-419	127	24	for	for	ADP
ftr-419	127	25	purposes	purpose	NOUN
ftr-419	127	26	of	of	ADP
ftr-419	127	27	irc	irc	PROPN
ftr-419	127	28	§	§	PROPN
ftr-419	127	29	751(b	751(b	PROPN
ftr-419	127	30	)	)	PUNCT
ftr-419	127	31	,	,	PUNCT
ftr-419	127	32	the	the	DET
ftr-419	127	33	aggregate	aggregate	ADJ
ftr-419	127	34	inventory	inventory	NOUN
ftr-419	127	35	of	of	ADP
ftr-419	127	36	the	the	DET
ftr-419	127	37	partnership	partnership	NOUN
ftr-419	127	38	must	must	AUX
ftr-419	127	39	be	be	AUX
ftr-419	127	40	substantially	substantially	ADV
ftr-419	127	41	appreciated	appreciate	VERB
ftr-419	127	42	for	for	SCONJ
ftr-419	127	43	any	any	PRON
ftr-419	127	44	of	of	ADP
ftr-419	127	45	its	its	PRON
ftr-419	127	46	inventory	inventory	NOUN
ftr-419	127	47	to	to	PART
ftr-419	127	48	be	be	AUX
ftr-419	127	49	included	include	VERB
ftr-419	127	50	.	.	PUNCT
ftr-419	128	1	the	the	DET
ftr-419	128	2	terms	term	NOUN
ftr-419	128	3	"	"	PUNCT
ftr-419	128	4	unrealized	unrealized	ADJ
ftr-419	128	5	receivables	receivables	NOUN
ftr-419	128	6	"	"	PUNCT
ftr-419	128	7	and	and	CCONJ
ftr-419	128	8	"	"	PUNCT
ftr-419	128	9	inventory	inventory	NOUN
ftr-419	128	10	"	"	PUNCT
ftr-419	128	11	are	be	AUX
ftr-419	128	12	specially	specially	ADV
ftr-419	128	13	defined	define	VERB
ftr-419	128	14	in	in	ADP
ftr-419	128	15	irc	irc	PROPN
ftr-419	128	16	§	§	PROPN
ftr-419	128	17	75	75	NUM
ftr-419	128	18	1(c	1(c	NUM
ftr-419	128	19	)	)	PUNCT
ftr-419	128	20	and	and	CCONJ
ftr-419	128	21	(	(	PUNCT
ftr-419	128	22	d	d	NOUN
ftr-419	128	23	)	)	PUNCT
ftr-419	128	24	,	,	PUNCT
ftr-419	128	25	and	and	CCONJ
ftr-419	128	26	those	those	DET
ftr-419	128	27	special	special	ADJ
ftr-419	128	28	definitions	definition	NOUN
ftr-419	128	29	are	be	AUX
ftr-419	128	30	much	much	ADV
ftr-419	128	31	broader	broad	ADJ
ftr-419	128	32	and	and	CCONJ
ftr-419	128	33	inclusive	inclusive	ADJ
ftr-419	128	34	than	than	SCONJ
ftr-419	128	35	the	the	DET
ftr-419	128	36	ordinary	ordinary	ADJ
ftr-419	128	37	meaning	meaning	NOUN
ftr-419	128	38	of	of	ADP
ftr-419	128	39	those	those	DET
ftr-419	128	40	terms	term	NOUN
ftr-419	128	41	would	would	AUX
ftr-419	128	42	imply	imply	VERB
ftr-419	128	43	.	.	PUNCT
ftr-419	129	1	some	some	DET
ftr-419	129	2	properties	property	NOUN
ftr-419	129	3	may	may	AUX
ftr-419	129	4	qualify	qualify	VERB
ftr-419	129	5	both	both	PRON
ftr-419	129	6	as	as	ADP
ftr-419	129	7	unrealized	unrealized	ADJ
ftr-419	129	8	receivables	receivables	NOUN
ftr-419	129	9	and	and	CCONJ
ftr-419	129	10	as	as	ADP
ftr-419	129	11	inventory	inventory	NOUN
ftr-419	129	12	;	;	PUNCT
ftr-419	129	13	in	in	ADP
ftr-419	129	14	such	such	ADJ
ftr-419	129	15	cases	case	NOUN
ftr-419	129	16	,	,	PUNCT
ftr-419	129	17	even	even	ADV
ftr-419	129	18	inventory	inventory	NOUN
ftr-419	129	19	that	that	PRON
ftr-419	129	20	otherwise	otherwise	ADV
ftr-419	129	21	would	would	AUX
ftr-419	129	22	have	have	AUX
ftr-419	129	23	been	be	AUX
ftr-419	129	24	excluded	exclude	VERB
ftr-419	129	25	because	because	SCONJ
ftr-419	129	26	of	of	ADP
ftr-419	129	27	failing	fail	VERB
ftr-419	129	28	the	the	DET
ftr-419	129	29	"	"	PUNCT
ftr-419	129	30	substantially	substantially	ADV
ftr-419	129	31	appreciated	appreciated	ADJ
ftr-419	129	32	"	"	PUNCT
ftr-419	129	33	requirement	requirement	NOUN
ftr-419	129	34	of	of	ADP
ftr-419	129	35	§	§	PROPN
ftr-419	129	36	751(b	751(b	PROPN
ftr-419	129	37	)	)	PUNCT
ftr-419	129	38	will	will	AUX
ftr-419	129	39	be	be	AUX
ftr-419	129	40	a	a	DET
ftr-419	129	41	section	section	NOUN
ftr-419	129	42	751	751	NUM
ftr-419	129	43	asset	asset	NOUN
ftr-419	129	44	.	.	PUNCT
ftr-419	130	1	20	20	NUM
ftr-419	130	2	.	.	PUNCT
ftr-419	131	1	irc	irc	PROPN
ftr-419	131	2	§	§	PROPN
ftr-419	131	3	§	§	PROPN
ftr-419	131	4	73	73	NUM
ftr-419	131	5	1(d	1(d	NUM
ftr-419	131	6	)	)	PUNCT
ftr-419	131	7	,	,	PUNCT
ftr-419	131	8	75	75	NUM
ftr-419	131	9	1(b	1(b	NUM
ftr-419	131	10	)	)	PUNCT
ftr-419	131	11	.	.	PUNCT
ftr-419	132	1	21	21	NUM
ftr-419	132	2	.	.	PUNCT
ftr-419	133	1	see	see	VERB
ftr-419	133	2	irc	irc	PROPN
ftr-419	133	3	§	§	PROPN
ftr-419	133	4	§	§	PROPN
ftr-419	133	5	704(c	704(c	PROPN
ftr-419	133	6	)	)	PUNCT
ftr-419	133	7	,	,	PUNCT
ftr-419	133	8	737	737	NUM
ftr-419	133	9	.	.	NUM
ftr-419	133	10	20041	20041	NUM
ftr-419	134	1	florida	florida	PROPN
ftr-419	134	2	tax	tax	PROPN
ftr-419	134	3	review	review	NOUN
ftr-419	134	4	to	to	ADP
ftr-419	134	5	guaranteed	guarantee	VERB
ftr-419	134	6	payments,22	payments,22	NOUN
ftr-419	134	7	and	and	CCONJ
ftr-419	134	8	so	so	ADV
ftr-419	134	9	it	it	PRON
ftr-419	134	10	bears	bear	VERB
ftr-419	134	11	only	only	ADV
ftr-419	134	12	minor	minor	ADJ
ftr-419	134	13	relevance	relevance	NOUN
ftr-419	134	14	to	to	ADP
ftr-419	134	15	the	the	DET
ftr-419	134	16	subject	subject	NOUN
ftr-419	134	17	of	of	ADP
ftr-419	134	18	this	this	DET
ftr-419	134	19	article	article	NOUN
ftr-419	134	20	.	.	PUNCT
ftr-419	135	1	in	in	ADP
ftr-419	135	2	the	the	DET
ftr-419	135	3	case	case	NOUN
ftr-419	135	4	of	of	ADP
ftr-419	135	5	an	an	DET
ftr-419	135	6	operating	operate	VERB
ftr-419	135	7	distribution	distribution	NOUN
ftr-419	135	8	(	(	PUNCT
ftr-419	135	9	i.e.	i.e.	X
ftr-419	135	10	,	,	PUNCT
ftr-419	135	11	one	one	NUM
ftr-419	135	12	not	not	PART
ftr-419	135	13	in	in	ADP
ftr-419	135	14	liquidation	liquidation	NOUN
ftr-419	135	15	of	of	ADP
ftr-419	135	16	a	a	DET
ftr-419	135	17	partner	partner	NOUN
ftr-419	135	18	's	's	PART
ftr-419	135	19	interest	interest	NOUN
ftr-419	135	20	and	and	CCONJ
ftr-419	135	21	not	not	PART
ftr-419	135	22	a	a	DET
ftr-419	135	23	guaranteed	guarantee	VERB
ftr-419	135	24	payment	payment	NOUN
ftr-419	135	25	)	)	PUNCT
ftr-419	135	26	of	of	ADP
ftr-419	135	27	property	property	NOUN
ftr-419	135	28	in	in	ADP
ftr-419	135	29	kind	kind	NOUN
ftr-419	135	30	,	,	PUNCT
ftr-419	135	31	the	the	DET
ftr-419	135	32	partner	partner	NOUN
ftr-419	135	33	's	's	PART
ftr-419	135	34	basis	basis	NOUN
ftr-419	135	35	in	in	ADP
ftr-419	135	36	the	the	DET
ftr-419	135	37	distributed	distribute	VERB
ftr-419	135	38	property	property	NOUN
ftr-419	135	39	is	be	AUX
ftr-419	135	40	the	the	DET
ftr-419	135	41	same	same	ADJ
ftr-419	135	42	as	as	ADP
ftr-419	135	43	the	the	DET
ftr-419	135	44	basis	basis	NOUN
ftr-419	135	45	that	that	SCONJ
ftr-419	135	46	the	the	DET
ftr-419	135	47	partnership	partnership	NOUN
ftr-419	135	48	had	have	AUX
ftr-419	135	49	in	in	ADP
ftr-419	135	50	that	that	DET
ftr-419	135	51	property	property	NOUN
ftr-419	135	52	immediately	immediately	ADV
ftr-419	135	53	before	before	ADP
ftr-419	135	54	distributing	distribute	VERB
ftr-419	135	55	it.23	it.23	PROPN
ftr-419	135	56	however	however	ADV
ftr-419	135	57	,	,	PUNCT
ftr-419	135	58	there	there	PRON
ftr-419	135	59	is	be	VERB
ftr-419	135	60	a	a	DET
ftr-419	135	61	ceiling	ceiling	NOUN
ftr-419	135	62	on	on	ADP
ftr-419	135	63	the	the	DET
ftr-419	135	64	basis	basis	NOUN
ftr-419	135	65	that	that	SCONJ
ftr-419	135	66	a	a	DET
ftr-419	135	67	partner	partner	NOUN
ftr-419	135	68	can	can	AUX
ftr-419	135	69	acquire	acquire	VERB
ftr-419	135	70	.	.	PUNCT
ftr-419	136	1	a	a	DET
ftr-419	136	2	partner	partner	NOUN
ftr-419	136	3	's	's	PART
ftr-419	136	4	aggregate	aggregate	ADJ
ftr-419	136	5	basis	basis	NOUN
ftr-419	136	6	in	in	ADP
ftr-419	136	7	the	the	DET
ftr-419	136	8	properties	property	NOUN
ftr-419	136	9	distributed	distribute	VERB
ftr-419	136	10	to	to	ADP
ftr-419	136	11	him	he	PRON
ftr-419	136	12	can	can	AUX
ftr-419	136	13	not	not	PART
ftr-419	136	14	exceed	exceed	VERB
ftr-419	136	15	the	the	DET
ftr-419	136	16	amount	amount	NOUN
ftr-419	136	17	of	of	ADP
ftr-419	136	18	the	the	DET
ftr-419	136	19	outside	outside	ADJ
ftr-419	136	20	basis	basis	NOUN
ftr-419	136	21	that	that	SCONJ
ftr-419	136	22	the	the	DET
ftr-419	136	23	partner	partner	NOUN
ftr-419	136	24	had	have	VERB
ftr-419	136	25	in	in	ADP
ftr-419	136	26	his	his	PRON
ftr-419	136	27	partnership	partnership	NOUN
ftr-419	136	28	interest	interest	NOUN
ftr-419	136	29	reduced	reduce	VERB
ftr-419	136	30	by	by	ADP
ftr-419	136	31	any	any	DET
ftr-419	136	32	money	money	NOUN
ftr-419	136	33	"	"	PUNCT
ftr-419	136	34	distributed	distribute	VERB
ftr-419	136	35	in	in	ADP
ftr-419	136	36	the	the	DET
ftr-419	136	37	same	same	ADJ
ftr-419	136	38	transaction	transaction	NOUN
ftr-419	136	39	.	.	PUNCT
ftr-419	137	1	,24	,24	PUNCT
ftr-419	138	1	the	the	DET
ftr-419	138	2	partner	partner	NOUN
ftr-419	138	3	's	's	PART
ftr-419	138	4	outside	outside	ADJ
ftr-419	138	5	basis	basis	NOUN
ftr-419	138	6	is	be	AUX
ftr-419	138	7	reduced	reduce	VERB
ftr-419	138	8	by	by	ADP
ftr-419	138	9	the	the	DET
ftr-419	138	10	amount	amount	NOUN
ftr-419	138	11	of	of	ADP
ftr-419	138	12	cash	cash	NOUN
ftr-419	138	13	distributed	distribute	VERB
ftr-419	138	14	to	to	ADP
ftr-419	138	15	him	he	PRON
ftr-419	138	16	and	and	CCONJ
ftr-419	138	17	by	by	ADP
ftr-419	138	18	the	the	DET
ftr-419	138	19	amount	amount	NOUN
ftr-419	138	20	of	of	ADP
ftr-419	138	21	basis	basis	NOUN
ftr-419	138	22	he	he	PRON
ftr-419	138	23	obtained	obtain	VERB
ftr-419	138	24	in	in	ADP
ftr-419	138	25	the	the	DET
ftr-419	138	26	distributed	distribute	VERB
ftr-419	138	27	properties	property	NOUN
ftr-419	138	28	.	.	PUNCT
ftr-419	139	1	in	in	ADP
ftr-419	139	2	other	other	ADJ
ftr-419	139	3	words	word	NOUN
ftr-419	139	4	,	,	PUNCT
ftr-419	139	5	the	the	DET
ftr-419	139	6	partner	partner	NOUN
ftr-419	139	7	's	's	PART
ftr-419	139	8	basis	basis	NOUN
ftr-419	139	9	in	in	ADP
ftr-419	139	10	his	his	PRON
ftr-419	139	11	partnership	partnership	NOUN
ftr-419	139	12	,	,	PUNCT
ftr-419	139	13	interest	interest	NOUN
ftr-419	139	14	(	(	PUNCT
ftr-419	139	15	his	his	PRON
ftr-419	139	16	"	"	PUNCT
ftr-419	139	17	outside	outside	ADJ
ftr-419	139	18	basis	basis	NOUN
ftr-419	139	19	"	"	PUNCT
ftr-419	139	20	)	)	PUNCT
ftr-419	139	21	is	be	AUX
ftr-419	139	22	reduced	reduce	VERB
ftr-419	139	23	by	by	ADP
ftr-419	139	24	cash	cash	NOUN
ftr-419	139	25	he	he	PRON
ftr-419	139	26	received	receive	VERB
ftr-419	139	27	,	,	PUNCT
ftr-419	139	28	and	and	CCONJ
ftr-419	139	29	then	then	ADV
ftr-419	139	30	any	any	DET
ftr-419	139	31	remaining	remain	VERB
ftr-419	139	32	basis	basis	NOUN
ftr-419	139	33	is	be	AUX
ftr-419	139	34	shifted	shift	VERB
ftr-419	139	35	from	from	ADP
ftr-419	139	36	the	the	DET
ftr-419	139	37	outside	outside	ADJ
ftr-419	139	38	basis	basis	NOUN
ftr-419	139	39	to	to	ADP
ftr-419	139	40	each	each	DET
ftr-419	139	41	item	item	NOUN
ftr-419	139	42	of	of	ADP
ftr-419	139	43	distributed	distribute	VERB
ftr-419	139	44	property	property	NOUN
ftr-419	139	45	,	,	PUNCT
ftr-419	139	46	but	but	CCONJ
ftr-419	139	47	only	only	ADV
ftr-419	139	48	to	to	ADP
ftr-419	139	49	the	the	DET
ftr-419	139	50	extent	extent	NOUN
ftr-419	139	51	of	of	ADP
ftr-419	139	52	the	the	DET
ftr-419	139	53	partnership	partnership	NOUN
ftr-419	139	54	's	's	PART
ftr-419	139	55	basis	basis	NOUN
ftr-419	139	56	in	in	ADP
ftr-419	139	57	that	that	DET
ftr-419	139	58	property	property	NOUN
ftr-419	139	59	immediately	immediately	ADV
ftr-419	139	60	before	before	ADP
ftr-419	139	61	making	make	VERB
ftr-419	139	62	the	the	DET
ftr-419	139	63	distribution	distribution	NOUN
ftr-419	139	64	.	.	PUNCT
ftr-419	140	1	if	if	SCONJ
ftr-419	140	2	more	more	ADJ
ftr-419	140	3	than	than	ADP
ftr-419	140	4	one	one	NUM
ftr-419	140	5	property	property	NOUN
ftr-419	140	6	was	be	AUX
ftr-419	140	7	distributed	distribute	VERB
ftr-419	140	8	to	to	ADP
ftr-419	140	9	a	a	DET
ftr-419	140	10	partner	partner	NOUN
ftr-419	140	11	,	,	PUNCT
ftr-419	140	12	and	and	CCONJ
ftr-419	140	13	if	if	SCONJ
ftr-419	140	14	the	the	DET
ftr-419	140	15	partner	partner	NOUN
ftr-419	140	16	's	's	PART
ftr-419	140	17	outside	outside	ADJ
ftr-419	140	18	basis	basis	NOUN
ftr-419	140	19	is	be	AUX
ftr-419	140	20	insufficient	insufficient	ADJ
ftr-419	140	21	to	to	PART
ftr-419	140	22	provide	provide	VERB
ftr-419	140	23	the	the	DET
ftr-419	140	24	partner	partner	NOUN
ftr-419	140	25	with	with	ADP
ftr-419	140	26	a	a	DET
ftr-419	140	27	basis	basis	NOUN
ftr-419	140	28	in	in	ADP
ftr-419	140	29	all	all	PRON
ftr-419	140	30	of	of	ADP
ftr-419	140	31	the	the	DET
ftr-419	140	32	properties	property	NOUN
ftr-419	140	33	he	he	PRON
ftr-419	140	34	received	receive	VERB
ftr-419	140	35	equal	equal	ADJ
ftr-419	140	36	to	to	ADP
ftr-419	140	37	the	the	DET
ftr-419	140	38	basis	basis	NOUN
ftr-419	140	39	that	that	SCONJ
ftr-419	140	40	the	the	DET
ftr-419	140	41	partnership	partnership	NOUN
ftr-419	140	42	had	have	AUX
ftr-419	140	43	therein	therein	ADV
ftr-419	140	44	,	,	PUNCT
ftr-419	140	45	the	the	DET
ftr-419	140	46	code	code	NOUN
ftr-419	140	47	provides	provide	VERB
ftr-419	140	48	an	an	DET
ftr-419	140	49	ordering	ordering	NOUN
ftr-419	140	50	method	method	NOUN
ftr-419	140	51	for	for	ADP
ftr-419	140	52	allocating	allocate	VERB
ftr-419	140	53	the	the	DET
ftr-419	140	54	permissible	permissible	ADJ
ftr-419	140	55	basis	basis	NOUN
ftr-419	140	56	among	among	ADP
ftr-419	140	57	those	those	DET
ftr-419	140	58	distributed	distribute	VERB
ftr-419	140	59	properties.26	properties.26	NOUN
ftr-419	140	60	a	a	DET
ftr-419	140	61	distribution	distribution	NOUN
ftr-419	140	62	to	to	ADP
ftr-419	140	63	a	a	DET
ftr-419	140	64	partner	partner	NOUN
ftr-419	140	65	,	,	PUNCT
ftr-419	140	66	regardless	regardless	ADV
ftr-419	140	67	of	of	ADP
ftr-419	140	68	whether	whether	SCONJ
ftr-419	140	69	an	an	DET
ftr-419	140	70	operating	operating	NOUN
ftr-419	140	71	or	or	CCONJ
ftr-419	140	72	a	a	DET
ftr-419	140	73	liquidating	liquidating	NOUN
ftr-419	140	74	distribution	distribution	NOUN
ftr-419	140	75	,	,	PUNCT
ftr-419	140	76	will	will	AUX
ftr-419	140	77	reduce	reduce	VERB
ftr-419	140	78	that	that	DET
ftr-419	140	79	partner	partner	NOUN
ftr-419	140	80	's	's	PART
ftr-419	140	81	capital	capital	NOUN
ftr-419	140	82	account	account	NOUN
ftr-419	140	83	by	by	ADP
ftr-419	140	84	the	the	DET
ftr-419	140	85	amount	amount	NOUN
ftr-419	140	86	of	of	ADP
ftr-419	140	87	cash	cash	NOUN
ftr-419	140	88	plus	plus	CCONJ
ftr-419	140	89	the	the	DET
ftr-419	140	90	fair	fair	ADJ
ftr-419	140	91	market	market	NOUN
ftr-419	140	92	value	value	NOUN
ftr-419	140	93	of	of	ADP
ftr-419	140	94	property	property	NOUN
ftr-419	140	95	distributed	distribute	VERB
ftr-419	140	96	in	in	ADP
ftr-419	140	97	kind.27	kind.27	PROPN
ftr-419	140	98	but	but	CCONJ
ftr-419	140	99	first	first	ADV
ftr-419	140	100	,	,	PUNCT
ftr-419	140	101	an	an	DET
ftr-419	140	102	adjustment	adjustment	NOUN
ftr-419	140	103	will	will	AUX
ftr-419	140	104	have	have	VERB
ftr-419	140	105	to	to	PART
ftr-419	140	106	be	be	AUX
ftr-419	140	107	made	make	VERB
ftr-419	140	108	to	to	ADP
ftr-419	140	109	the	the	DET
ftr-419	140	110	property	property	NOUN
ftr-419	140	111	's	's	PART
ftr-419	140	112	book	book	NOUN
ftr-419	140	113	value	value	NOUN
ftr-419	140	114	and	and	CCONJ
ftr-419	140	115	to	to	ADP
ftr-419	140	116	the	the	DET
ftr-419	140	117	partners	partner	NOUN
ftr-419	140	118	'	'	PART
ftr-419	140	119	capital	capital	NOUN
ftr-419	140	120	accounts	account	NOUN
ftr-419	140	121	.	.	PUNCT
ftr-419	141	1	if	if	SCONJ
ftr-419	141	2	the	the	DET
ftr-419	141	3	distributed	distribute	VERB
ftr-419	141	4	property	property	NOUN
ftr-419	141	5	has	have	VERB
ftr-419	141	6	a	a	DET
ftr-419	141	7	fair	fair	ADJ
ftr-419	141	8	market	market	NOUN
ftr-419	141	9	value	value	NOUN
ftr-419	141	10	that	that	PRON
ftr-419	141	11	is	be	AUX
ftr-419	141	12	different	different	ADJ
ftr-419	141	13	than	than	ADP
ftr-419	141	14	its	its	PRON
ftr-419	141	15	book	book	NOUN
ftr-419	141	16	value	value	NOUN
ftr-419	141	17	in	in	ADP
ftr-419	141	18	the	the	DET
ftr-419	141	19	partnership	partnership	NOUN
ftr-419	141	20	,	,	PUNCT
ftr-419	141	21	then	then	ADV
ftr-419	141	22	immediately	immediately	ADV
ftr-419	141	23	before	before	SCONJ
ftr-419	141	24	the	the	DET
ftr-419	141	25	distribution	distribution	NOUN
ftr-419	141	26	takes	take	VERB
ftr-419	141	27	place	place	NOUN
ftr-419	141	28	,	,	PUNCT
ftr-419	141	29	the	the	DET
ftr-419	141	30	book	book	NOUN
ftr-419	141	31	value	value	NOUN
ftr-419	141	32	of	of	ADP
ftr-419	141	33	the	the	DET
ftr-419	141	34	property	property	NOUN
ftr-419	141	35	is	be	AUX
ftr-419	141	36	changed	change	VERB
ftr-419	141	37	to	to	PART
ftr-419	141	38	equal	equal	VERB
ftr-419	141	39	its	its	PRON
ftr-419	141	40	fair	fair	ADJ
ftr-419	141	41	market	market	NOUN
ftr-419	141	42	value	value	NOUN
ftr-419	141	43	,	,	PUNCT
ftr-419	141	44	and	and	CCONJ
ftr-419	141	45	the	the	DET
ftr-419	141	46	increase	increase	NOUN
ftr-419	141	47	or	or	CCONJ
ftr-419	141	48	decrease	decrease	NOUN
ftr-419	141	49	in	in	ADP
ftr-419	141	50	book	book	NOUN
ftr-419	141	51	value	value	NOUN
ftr-419	141	52	is	be	AUX
ftr-419	141	53	allocated	allocate	VERB
ftr-419	141	54	to	to	ADP
ftr-419	141	55	the	the	DET
ftr-419	141	56	partners	partner	NOUN
ftr-419	141	57	'	'	PART
ftr-419	141	58	capital	capital	NOUN
ftr-419	141	59	accounts	account	NOUN
ftr-419	141	60	in	in	ADP
ftr-419	141	61	proportion	proportion	NOUN
ftr-419	141	62	to	to	ADP
ftr-419	141	63	their	their	PRON
ftr-419	141	64	respective	respective	ADJ
ftr-419	141	65	percentage	percentage	NOUN
ftr-419	141	66	interests	interest	NOUN
ftr-419	141	67	in	in	ADP
ftr-419	141	68	the	the	DET
ftr-419	141	69	partnership.28	partnership.28	NOUN
ftr-419	141	70	thus	thus	ADV
ftr-419	141	71	,	,	PUNCT
ftr-419	141	72	the	the	DET
ftr-419	141	73	book	book	NOUN
ftr-419	141	74	value	value	NOUN
ftr-419	141	75	of	of	ADP
ftr-419	141	76	distributed	distribute	VERB
ftr-419	141	77	property	property	NOUN
ftr-419	141	78	will	will	AUX
ftr-419	141	79	always	always	ADV
ftr-419	141	80	equal	equal	VERB
ftr-419	141	81	its	its	PRON
ftr-419	141	82	fair	fair	ADJ
ftr-419	141	83	market	market	NOUN
ftr-419	141	84	value	value	NOUN
ftr-419	141	85	at	at	ADP
ftr-419	141	86	the	the	DET
ftr-419	141	87	time	time	NOUN
ftr-419	141	88	that	that	SCONJ
ftr-419	141	89	the	the	DET
ftr-419	141	90	distribution	distribution	NOUN
ftr-419	141	91	takes	take	VERB
ftr-419	141	92	place	place	NOUN
ftr-419	141	93	,	,	PUNCT
ftr-419	141	94	and	and	CCONJ
ftr-419	141	95	the	the	DET
ftr-419	141	96	partners	partner	NOUN
ftr-419	141	97	'	'	PART
ftr-419	141	98	capital	capital	NOUN
ftr-419	141	99	accounts	account	NOUN
ftr-419	141	100	will	will	AUX
ftr-419	141	101	reflect	reflect	VERB
ftr-419	141	102	the	the	DET
ftr-419	141	103	amount	amount	NOUN
ftr-419	141	104	of	of	ADP
ftr-419	141	105	unrealized	unrealized	ADJ
ftr-419	141	106	appreciation	appreciation	NOUN
ftr-419	141	107	or	or	CCONJ
ftr-419	141	108	depreciation	depreciation	NOUN
ftr-419	141	109	that	that	PRON
ftr-419	141	110	the	the	DET
ftr-419	141	111	partnership	partnership	NOUN
ftr-419	141	112	had	have	VERB
ftr-419	141	113	in	in	ADP
ftr-419	141	114	that	that	DET
ftr-419	141	115	property	property	NOUN
ftr-419	141	116	.	.	PUNCT
ftr-419	142	1	22	22	NUM
ftr-419	142	2	.	.	PUNCT
ftr-419	143	1	see	see	VERB
ftr-419	143	2	regs	reg	NOUN
ftr-419	143	3	.	.	PUNCT
ftr-419	144	1	§	§	PROPN
ftr-419	144	2	1.75	1.75	NUM
ftr-419	144	3	1	1	NUM
ftr-419	144	4	-	-	PUNCT
ftr-419	144	5	1(b)(l)(ii	1(b)(l)(ii	NUM
ftr-419	144	6	)	)	PUNCT
ftr-419	144	7	.	.	PUNCT
ftr-419	145	1	23	23	NUM
ftr-419	145	2	.	.	PUNCT
ftr-419	146	1	irc	irc	PROPN
ftr-419	146	2	§	§	PROPN
ftr-419	146	3	732(a)(1	732(a)(1	NUM
ftr-419	146	4	)	)	PUNCT
ftr-419	146	5	.	.	PUNCT
ftr-419	147	1	24	24	NUM
ftr-419	147	2	.	.	PUNCT
ftr-419	147	3	irc	irc	PROPN
ftr-419	147	4	§	§	PROPN
ftr-419	147	5	732(a)(2	732(a)(2	NOUN
ftr-419	147	6	)	)	PUNCT
ftr-419	147	7	.	.	PUNCT
ftr-419	148	1	25	25	NUM
ftr-419	148	2	.	.	PUNCT
ftr-419	148	3	irc	irc	PROPN
ftr-419	148	4	§	§	PROPN
ftr-419	148	5	§	§	PROPN
ftr-419	148	6	705(a)(2	705(a)(2	NOUN
ftr-419	148	7	)	)	PUNCT
ftr-419	148	8	,	,	PUNCT
ftr-419	148	9	733	733	NUM
ftr-419	148	10	.	.	X
ftr-419	149	1	26	26	NUM
ftr-419	149	2	.	.	PUNCT
ftr-419	149	3	irc	irc	PROPN
ftr-419	149	4	§	§	PROPN
ftr-419	149	5	732(c	732(c	PROPN
ftr-419	149	6	)	)	PUNCT
ftr-419	149	7	.	.	PUNCT
ftr-419	150	1	27	27	NUM
ftr-419	150	2	.	.	PUNCT
ftr-419	151	1	see	see	VERB
ftr-419	151	2	regs	reg	NOUN
ftr-419	151	3	.	.	PUNCT
ftr-419	152	1	§	§	PROPN
ftr-419	152	2	1.704	1.704	NUM
ftr-419	152	3	-	-	NUM
ftr-419	152	4	1(b)(2)(iv)(b	1(b)(2)(iv)(b	NUM
ftr-419	152	5	)	)	PUNCT
ftr-419	152	6	.	.	PUNCT
ftr-419	153	1	the	the	DET
ftr-419	153	2	fair	fair	ADJ
ftr-419	153	3	market	market	NOUN
ftr-419	153	4	value	value	NOUN
ftr-419	153	5	of	of	ADP
ftr-419	153	6	the	the	DET
ftr-419	153	7	distributed	distribute	VERB
ftr-419	153	8	property	property	NOUN
ftr-419	153	9	is	be	AUX
ftr-419	153	10	reduced	reduce	VERB
ftr-419	153	11	by	by	ADP
ftr-419	153	12	any	any	DET
ftr-419	153	13	liabilities	liability	NOUN
ftr-419	153	14	to	to	PART
ftr-419	153	15	which	which	PRON
ftr-419	153	16	it	it	PRON
ftr-419	153	17	is	be	AUX
ftr-419	153	18	subject	subject	ADJ
ftr-419	153	19	and	and	CCONJ
ftr-419	153	20	which	which	PRON
ftr-419	153	21	the	the	DET
ftr-419	153	22	partner	partner	NOUN
ftr-419	153	23	either	either	CCONJ
ftr-419	153	24	assumed	assume	VERB
ftr-419	153	25	or	or	CCONJ
ftr-419	153	26	accepted	accept	VERB
ftr-419	153	27	.	.	PUNCT
ftr-419	154	1	see	see	VERB
ftr-419	154	2	regs	reg	NOUN
ftr-419	154	3	.	.	PUNCT
ftr-419	155	1	§	§	PROPN
ftr-419	155	2	1.704	1.704	NUM
ftr-419	155	3	-	-	NUM
ftr-419	155	4	1(b)(2)(iv)(c	1(b)(2)(iv)(c	NUM
ftr-419	155	5	)	)	PUNCT
ftr-419	155	6	.	.	PUNCT
ftr-419	156	1	28	28	NUM
ftr-419	156	2	.	.	PUNCT
ftr-419	157	1	see	see	VERB
ftr-419	157	2	regs	reg	NOUN
ftr-419	157	3	.	.	PUNCT
ftr-419	158	1	§	§	PROPN
ftr-419	158	2	1.704	1.704	NUM
ftr-419	158	3	-	-	SYM
ftr-419	158	4	1(b)(2)(iv)(e)(1	1(b)(2)(iv)(e)(1	NUM
ftr-419	158	5	)	)	PUNCT
ftr-419	158	6	.	.	PUNCT
ftr-419	159	1	[	[	X
ftr-419	159	2	vol.6:5	vol.6:5	VERB
ftr-419	159	3	guaranteed	guarantee	VERB
ftr-419	159	4	payments	payment	NOUN
ftr-419	159	5	made	make	VERB
ftr-419	159	6	in	in	ADP
ftr-419	159	7	kind	kind	NOUN
ftr-419	159	8	by	by	ADP
ftr-419	159	9	a	a	DET
ftr-419	159	10	partnership	partnership	NOUN
ftr-419	159	11	the	the	DET
ftr-419	159	12	core	core	NOUN
ftr-419	159	13	principle	principle	NOUN
ftr-419	159	14	of	of	ADP
ftr-419	159	15	the	the	DET
ftr-419	159	16	code	code	NOUN
ftr-419	159	17	's	's	PART
ftr-419	159	18	treatment	treatment	NOUN
ftr-419	159	19	of	of	ADP
ftr-419	159	20	partnership	partnership	NOUN
ftr-419	159	21	operating	operating	NOUN
ftr-419	159	22	distributions	distribution	NOUN
ftr-419	159	23	to	to	ADP
ftr-419	159	24	a	a	DET
ftr-419	159	25	partner	partner	NOUN
ftr-419	159	26	is	be	AUX
ftr-419	159	27	to	to	PART
ftr-419	159	28	defer	defer	VERB
ftr-419	159	29	recognition	recognition	NOUN
ftr-419	159	30	of	of	ADP
ftr-419	159	31	any	any	DET
ftr-419	159	32	gain	gain	NOUN
ftr-419	159	33	or	or	CCONJ
ftr-419	159	34	loss	loss	NOUN
ftr-419	159	35	to	to	ADP
ftr-419	159	36	the	the	DET
ftr-419	159	37	extent	extent	NOUN
ftr-419	159	38	that	that	SCONJ
ftr-419	159	39	it	it	PRON
ftr-419	159	40	is	be	AUX
ftr-419	159	41	feasible	feasible	ADJ
ftr-419	159	42	to	to	PART
ftr-419	159	43	do	do	VERB
ftr-419	159	44	so.29	so.29	PROPN
ftr-419	159	45	the	the	DET
ftr-419	159	46	amount	amount	NOUN
ftr-419	159	47	of	of	ADP
ftr-419	159	48	the	the	DET
ftr-419	159	49	unrealized	unrealized	ADJ
ftr-419	159	50	appreciation	appreciation	NOUN
ftr-419	159	51	or	or	CCONJ
ftr-419	159	52	depreciation	depreciation	NOUN
ftr-419	159	53	of	of	ADP
ftr-419	159	54	the	the	DET
ftr-419	159	55	partner	partner	NOUN
ftr-419	159	56	's	's	PART
ftr-419	159	57	interest	interest	NOUN
ftr-419	159	58	in	in	ADP
ftr-419	159	59	the	the	DET
ftr-419	159	60	partnership	partnership	NOUN
ftr-419	159	61	is	be	AUX
ftr-419	159	62	left	leave	VERB
ftr-419	159	63	intact	intact	ADJ
ftr-419	159	64	,	,	PUNCT
ftr-419	159	65	but	but	CCONJ
ftr-419	159	66	is	be	AUX
ftr-419	159	67	divided	divide	VERB
ftr-419	159	68	between	between	ADP
ftr-419	159	69	his	his	PRON
ftr-419	159	70	partnership	partnership	NOUN
ftr-419	159	71	interest	interest	NOUN
ftr-419	159	72	and	and	CCONJ
ftr-419	159	73	the	the	DET
ftr-419	159	74	distributed	distribute	VERB
ftr-419	159	75	property	property	NOUN
ftr-419	159	76	.	.	PUNCT
ftr-419	160	1	the	the	DET
ftr-419	160	2	shifting	shifting	NOUN
ftr-419	160	3	of	of	ADP
ftr-419	160	4	part	part	NOUN
ftr-419	160	5	or	or	CCONJ
ftr-419	160	6	all	all	PRON
ftr-419	160	7	of	of	ADP
ftr-419	160	8	the	the	DET
ftr-419	160	9	partner	partner	NOUN
ftr-419	160	10	's	's	PART
ftr-419	160	11	outside	outside	ADJ
ftr-419	160	12	basis	basis	NOUN
ftr-419	160	13	in	in	ADP
ftr-419	160	14	his	his	PRON
ftr-419	160	15	partnership	partnership	NOUN
ftr-419	160	16	interest	interest	NOUN
ftr-419	160	17	to	to	ADP
ftr-419	160	18	the	the	DET
ftr-419	160	19	distributed	distribute	VERB
ftr-419	160	20	property	property	NOUN
ftr-419	160	21	does	do	AUX
ftr-419	160	22	not	not	PART
ftr-419	160	23	alter	alter	VERB
ftr-419	160	24	the	the	DET
ftr-419	160	25	net	net	ADJ
ftr-419	160	26	amount	amount	NOUN
ftr-419	160	27	of	of	ADP
ftr-419	160	28	the	the	DET
ftr-419	160	29	partner	partner	NOUN
ftr-419	160	30	's	's	PART
ftr-419	160	31	potential	potential	ADJ
ftr-419	160	32	gain	gain	NOUN
ftr-419	160	33	or	or	CCONJ
ftr-419	160	34	loss	loss	NOUN
ftr-419	160	35	,	,	PUNCT
ftr-419	160	36	but	but	CCONJ
ftr-419	160	37	it	it	PRON
ftr-419	160	38	transfers	transfer	VERB
ftr-419	160	39	part	part	NOUN
ftr-419	160	40	of	of	ADP
ftr-419	160	41	that	that	DET
ftr-419	160	42	potential	potential	NOUN
ftr-419	160	43	to	to	ADP
ftr-419	160	44	the	the	DET
ftr-419	160	45	distributed	distribute	VERB
ftr-419	160	46	property	property	NOUN
ftr-419	160	47	so	so	SCONJ
ftr-419	160	48	that	that	SCONJ
ftr-419	160	49	the	the	DET
ftr-419	160	50	partnership	partnership	NOUN
ftr-419	160	51	's	's	PART
ftr-419	160	52	inside	inside	ADJ
ftr-419	160	53	appreciation	appreciation	NOUN
ftr-419	160	54	or	or	CCONJ
ftr-419	160	55	depreciation	depreciation	NOUN
ftr-419	160	56	of	of	ADP
ftr-419	160	57	that	that	DET
ftr-419	160	58	property	property	NOUN
ftr-419	160	59	is	be	AUX
ftr-419	160	60	taken	take	VERB
ftr-419	160	61	over	over	ADP
ftr-419	160	62	by	by	ADP
ftr-419	160	63	the	the	DET
ftr-419	160	64	partner	partner	NOUN
ftr-419	160	65	.	.	PUNCT
ftr-419	161	1	the	the	DET
ftr-419	161	2	treatment	treatment	NOUN
ftr-419	161	3	of	of	ADP
ftr-419	161	4	distributions	distribution	NOUN
ftr-419	161	5	in	in	ADP
ftr-419	161	6	liquidation	liquidation	NOUN
ftr-419	161	7	of	of	ADP
ftr-419	161	8	a	a	DET
ftr-419	161	9	partner	partner	NOUN
ftr-419	161	10	's	's	PART
ftr-419	161	11	interest	interest	NOUN
ftr-419	161	12	in	in	ADP
ftr-419	161	13	the	the	DET
ftr-419	161	14	partnership	partnership	NOUN
ftr-419	161	15	is	be	AUX
ftr-419	161	16	different	different	ADJ
ftr-419	161	17	.	.	PUNCT
ftr-419	162	1	distributions	distribution	NOUN
ftr-419	162	2	to	to	ADP
ftr-419	162	3	a	a	DET
ftr-419	162	4	retiring	retire	VERB
ftr-419	162	5	or	or	CCONJ
ftr-419	162	6	deceased	deceased	ADJ
ftr-419	162	7	partner	partner	NOUN
ftr-419	162	8	are	be	AUX
ftr-419	162	9	divided	divide	VERB
ftr-419	162	10	by	by	ADP
ftr-419	162	11	section	section	NOUN
ftr-419	162	12	736	736	NUM
ftr-419	162	13	into	into	ADP
ftr-419	162	14	two	two	NUM
ftr-419	162	15	categories	category	NOUN
ftr-419	162	16	:	:	PUNCT
ftr-419	162	17	(	(	PUNCT
ftr-419	162	18	1	1	X
ftr-419	162	19	)	)	PUNCT
ftr-419	162	20	payments	payment	NOUN
ftr-419	162	21	for	for	ADP
ftr-419	162	22	the	the	DET
ftr-419	162	23	partner	partner	NOUN
ftr-419	162	24	's	's	PART
ftr-419	162	25	interest	interest	NOUN
ftr-419	162	26	in	in	ADP
ftr-419	162	27	partnership	partnership	NOUN
ftr-419	162	28	property	property	NOUN
ftr-419	162	29	(	(	PUNCT
ftr-419	162	30	section	section	NOUN
ftr-419	162	31	736(b	736(b	PROPN
ftr-419	162	32	)	)	PUNCT
ftr-419	162	33	)	)	PUNCT
ftr-419	162	34	,	,	PUNCT
ftr-419	162	35	and	and	CCONJ
ftr-419	162	36	(	(	PUNCT
ftr-419	162	37	2	2	X
ftr-419	162	38	)	)	PUNCT
ftr-419	162	39	all	all	DET
ftr-419	162	40	other	other	ADJ
ftr-419	162	41	payments	payment	NOUN
ftr-419	162	42	(	(	PUNCT
ftr-419	162	43	section	section	NOUN
ftr-419	162	44	736(a	736(a	PROPN
ftr-419	162	45	)	)	PUNCT
ftr-419	162	46	)	)	PUNCT
ftr-419	162	47	which	which	PRON
ftr-419	162	48	are	be	AUX
ftr-419	162	49	categorized	categorize	VERB
ftr-419	162	50	either	either	CCONJ
ftr-419	162	51	as	as	ADP
ftr-419	162	52	guaranteed	guarantee	VERB
ftr-419	162	53	payments	payment	NOUN
ftr-419	162	54	or	or	CCONJ
ftr-419	162	55	as	as	ADP
ftr-419	162	56	distributions	distribution	NOUN
ftr-419	162	57	of	of	ADP
ftr-419	162	58	partnership	partnership	NOUN
ftr-419	162	59	income	income	NOUN
ftr-419	162	60	.	.	PUNCT
ftr-419	163	1	we	we	PRON
ftr-419	163	2	will	will	AUX
ftr-419	163	3	address	address	VERB
ftr-419	163	4	the	the	DET
ftr-419	163	5	determination	determination	NOUN
ftr-419	163	6	and	and	CCONJ
ftr-419	163	7	treatment	treatment	NOUN
ftr-419	163	8	of	of	ADP
ftr-419	163	9	section	section	NOUN
ftr-419	163	10	736(a	736(a	PROPN
ftr-419	163	11	)	)	PUNCT
ftr-419	163	12	payments	payment	NOUN
ftr-419	163	13	in	in	ADP
ftr-419	163	14	part	part	NOUN
ftr-419	163	15	vi	vi	NOUN
ftr-419	163	16	of	of	ADP
ftr-419	163	17	this	this	DET
ftr-419	163	18	article	article	NOUN
ftr-419	163	19	.	.	PUNCT
ftr-419	164	1	at	at	ADP
ftr-419	164	2	this	this	DET
ftr-419	164	3	time	time	NOUN
ftr-419	164	4	,	,	PUNCT
ftr-419	164	5	we	we	PRON
ftr-419	164	6	will	will	AUX
ftr-419	164	7	focus	focus	VERB
ftr-419	164	8	on	on	ADP
ftr-419	164	9	liquidating	liquidating	NOUN
ftr-419	164	10	distributions	distribution	NOUN
ftr-419	164	11	that	that	PRON
ftr-419	164	12	are	be	AUX
ftr-419	164	13	attributable	attributable	ADJ
ftr-419	164	14	to	to	ADP
ftr-419	164	15	the	the	DET
ftr-419	164	16	partner	partner	NOUN
ftr-419	164	17	's	's	PART
ftr-419	164	18	interest	interest	NOUN
ftr-419	164	19	in	in	ADP
ftr-419	164	20	partnership	partnership	NOUN
ftr-419	164	21	property	property	NOUN
ftr-419	164	22	and	and	CCONJ
ftr-419	164	23	that	that	PRON
ftr-419	164	24	are	be	AUX
ftr-419	164	25	controlled	control	VERB
ftr-419	164	26	by	by	ADP
ftr-419	164	27	section	section	NOUN
ftr-419	164	28	736(b	736(b	PROPN
ftr-419	164	29	)	)	PUNCT
ftr-419	164	30	.	.	PUNCT
ftr-419	165	1	you	you	PRON
ftr-419	165	2	will	will	AUX
ftr-419	165	3	recall	recall	VERB
ftr-419	165	4	that	that	SCONJ
ftr-419	165	5	the	the	DET
ftr-419	165	6	same	same	ADJ
ftr-419	165	7	rules	rule	NOUN
ftr-419	165	8	for	for	ADP
ftr-419	165	9	operating	operating	NOUN
ftr-419	165	10	distributions	distribution	NOUN
ftr-419	165	11	regarding	regard	VERB
ftr-419	165	12	the	the	DET
ftr-419	165	13	write	write	NOUN
ftr-419	165	14	-	-	PUNCT
ftr-419	165	15	up	up	NOUN
ftr-419	165	16	or	or	CCONJ
ftr-419	165	17	write	write	VERB
ftr-419	165	18	-	-	PUNCT
ftr-419	165	19	down	down	NOUN
ftr-419	165	20	of	of	ADP
ftr-419	165	21	the	the	DET
ftr-419	165	22	book	book	NOUN
ftr-419	165	23	value	value	NOUN
ftr-419	165	24	of	of	ADP
ftr-419	165	25	distributed	distribute	VERB
ftr-419	165	26	property	property	NOUN
ftr-419	165	27	to	to	ADP
ftr-419	165	28	its	its	PRON
ftr-419	165	29	fair	fair	ADJ
ftr-419	165	30	market	market	NOUN
ftr-419	165	31	value	value	NOUN
ftr-419	165	32	and	and	CCONJ
ftr-419	165	33	the	the	DET
ftr-419	165	34	allocation	allocation	NOUN
ftr-419	165	35	of	of	ADP
ftr-419	165	36	the	the	DET
ftr-419	165	37	change	change	NOUN
ftr-419	165	38	to	to	ADP
ftr-419	165	39	the	the	DET
ftr-419	165	40	partners	partner	NOUN
ftr-419	165	41	'	'	PART
ftr-419	165	42	capital	capital	NOUN
ftr-419	165	43	accounts	account	NOUN
ftr-419	165	44	apply	apply	VERB
ftr-419	165	45	equally	equally	ADV
ftr-419	165	46	to	to	ADP
ftr-419	165	47	liquidating	liquidate	VERB
ftr-419	165	48	distributions.30	distributions.30	PROPN
ftr-419	165	49	a	a	DET
ftr-419	165	50	partner	partner	NOUN
ftr-419	165	51	will	will	AUX
ftr-419	165	52	recognize	recognize	VERB
ftr-419	165	53	gain	gain	NOUN
ftr-419	165	54	to	to	ADP
ftr-419	165	55	the	the	DET
ftr-419	165	56	extent	extent	NOUN
ftr-419	165	57	that	that	SCONJ
ftr-419	165	58	the	the	DET
ftr-419	165	59	amount	amount	NOUN
ftr-419	165	60	of	of	ADP
ftr-419	165	61	cash	cash	NOUN
ftr-419	165	62	distributed	distribute	VERB
ftr-419	165	63	to	to	ADP
ftr-419	165	64	the	the	DET
ftr-419	165	65	partner	partner	NOUN
ftr-419	165	66	exceeds	exceed	VERB
ftr-419	165	67	the	the	DET
ftr-419	165	68	partner	partner	NOUN
ftr-419	165	69	's	's	PART
ftr-419	165	70	outside	outside	ADJ
ftr-419	165	71	basis	basis	NOUN
ftr-419	165	72	in	in	ADP
ftr-419	165	73	his	his	PRON
ftr-419	165	74	partnership	partnership	NOUN
ftr-419	165	75	interest.31	interest.31	VERB
ftr-419	165	76	a	a	DET
ftr-419	165	77	partner	partner	NOUN
ftr-419	165	78	generally	generally	ADV
ftr-419	165	79	will	will	AUX
ftr-419	165	80	not	not	PART
ftr-419	165	81	recognize	recognize	VERB
ftr-419	165	82	a	a	DET
ftr-419	165	83	gain	gain	NOUN
ftr-419	165	84	on	on	ADP
ftr-419	165	85	receiving	receive	VERB
ftr-419	165	86	a	a	DET
ftr-419	165	87	liquidating	liquidate	VERB
ftr-419	165	88	distribution	distribution	NOUN
ftr-419	165	89	in	in	ADP
ftr-419	165	90	kind	kind	NOUN
ftr-419	165	91	unless	unless	SCONJ
ftr-419	165	92	one	one	NUM
ftr-419	165	93	of	of	ADP
ftr-419	165	94	the	the	DET
ftr-419	165	95	exceptions	exception	NOUN
ftr-419	165	96	noted	note	VERB
ftr-419	165	97	above	above	ADV
ftr-419	165	98	is	be	AUX
ftr-419	165	99	applicable.32	applicable.32	VERB
ftr-419	165	100	the	the	DET
ftr-419	165	101	principal	principal	ADJ
ftr-419	165	102	exception	exception	NOUN
ftr-419	165	103	is	be	AUX
ftr-419	165	104	where	where	SCONJ
ftr-419	165	105	section	section	NOUN
ftr-419	165	106	751(b	751(b	PROPN
ftr-419	165	107	)	)	PUNCT
ftr-419	165	108	applies	apply	VERB
ftr-419	165	109	to	to	PART
ftr-419	165	110	cause	cause	VERB
ftr-419	165	111	a	a	DET
ftr-419	165	112	constructive	constructive	ADJ
ftr-419	165	113	exchange	exchange	NOUN
ftr-419	165	114	of	of	ADP
ftr-419	165	115	assets	asset	NOUN
ftr-419	165	116	.	.	PUNCT
ftr-419	166	1	a	a	DET
ftr-419	166	2	partner	partner	NOUN
ftr-419	166	3	can	can	AUX
ftr-419	166	4	recognize	recognize	VERB
ftr-419	166	5	a	a	DET
ftr-419	166	6	loss	loss	NOUN
ftr-419	166	7	on	on	ADP
ftr-419	166	8	receiving	receive	VERB
ftr-419	166	9	a	a	DET
ftr-419	166	10	liquidating	liquidating	NOUN
ftr-419	166	11	distribution	distribution	NOUN
ftr-419	166	12	,	,	PUNCT
ftr-419	166	13	but	but	CCONJ
ftr-419	166	14	that	that	PRON
ftr-419	166	15	can	can	AUX
ftr-419	166	16	occur	occur	VERB
ftr-419	166	17	only	only	ADV
ftr-419	166	18	if	if	SCONJ
ftr-419	166	19	the	the	DET
ftr-419	166	20	partner	partner	NOUN
ftr-419	166	21	receives	receive	VERB
ftr-419	166	22	no	no	DET
ftr-419	166	23	assets	asset	NOUN
ftr-419	166	24	other	other	ADJ
ftr-419	166	25	than	than	ADP
ftr-419	166	26	cash	cash	NOUN
ftr-419	166	27	,	,	PUNCT
ftr-419	166	28	unrealized	unrealized	ADJ
ftr-419	166	29	receivables	receivables	NOUN
ftr-419	166	30	,	,	PUNCT
ftr-419	166	31	and	and	CCONJ
ftr-419	166	32	inventory	inventory	NOUN
ftr-419	166	33	,	,	PUNCT
ftr-419	166	34	or	or	CCONJ
ftr-419	166	35	if	if	SCONJ
ftr-419	166	36	there	there	PRON
ftr-419	166	37	is	be	VERB
ftr-419	166	38	a	a	DET
ftr-419	166	39	constructive	constructive	ADJ
ftr-419	166	40	exchange	exchange	NOUN
ftr-419	166	41	under	under	ADP
ftr-419	166	42	section	section	NOUN
ftr-419	166	43	751(b).33	751(b).33	NOUN
ftr-419	166	44	a	a	DET
ftr-419	166	45	partnership	partnership	NOUN
ftr-419	166	46	will	will	AUX
ftr-419	166	47	not	not	PART
ftr-419	166	48	recognize	recognize	VERB
ftr-419	166	49	any	any	DET
ftr-419	166	50	gain	gain	NOUN
ftr-419	166	51	or	or	CCONJ
ftr-419	166	52	loss	loss	NOUN
ftr-419	166	53	except	except	SCONJ
ftr-419	166	54	where	where	SCONJ
ftr-419	166	55	there	there	PRON
ftr-419	166	56	is	be	VERB
ftr-419	166	57	a	a	DET
ftr-419	166	58	constructive	constructive	ADJ
ftr-419	166	59	exchange	exchange	NOUN
ftr-419	166	60	of	of	ADP
ftr-419	166	61	assets	asset	NOUN
ftr-419	166	62	under	under	ADP
ftr-419	166	63	29	29	NUM
ftr-419	166	64	.	.	PUNCT
ftr-419	167	1	for	for	ADP
ftr-419	167	2	example	example	NOUN
ftr-419	167	3	,	,	PUNCT
ftr-419	167	4	to	to	ADP
ftr-419	167	5	the	the	DET
ftr-419	167	6	extent	extent	NOUN
ftr-419	167	7	that	that	SCONJ
ftr-419	167	8	a	a	DET
ftr-419	167	9	partner	partner	NOUN
ftr-419	167	10	receives	receive	VERB
ftr-419	167	11	cash	cash	NOUN
ftr-419	167	12	in	in	ADP
ftr-419	167	13	excess	excess	NOUN
ftr-419	167	14	of	of	ADP
ftr-419	167	15	his	his	PRON
ftr-419	167	16	outside	outside	ADJ
ftr-419	167	17	basis	basis	NOUN
ftr-419	167	18	,	,	PUNCT
ftr-419	167	19	it	it	PRON
ftr-419	167	20	is	be	AUX
ftr-419	167	21	not	not	PART
ftr-419	167	22	feasible	feasible	ADJ
ftr-419	167	23	to	to	PART
ftr-419	167	24	defer	defer	VERB
ftr-419	167	25	the	the	DET
ftr-419	167	26	gain	gain	NOUN
ftr-419	167	27	that	that	SCONJ
ftr-419	167	28	the	the	DET
ftr-419	167	29	partner	partner	NOUN
ftr-419	167	30	realized	realize	VERB
ftr-419	167	31	.	.	PUNCT
ftr-419	168	1	it	it	PRON
ftr-419	168	2	would	would	AUX
ftr-419	168	3	be	be	AUX
ftr-419	168	4	possible	possible	ADJ
ftr-419	168	5	to	to	PART
ftr-419	168	6	defer	defer	VERB
ftr-419	168	7	that	that	DET
ftr-419	168	8	gain	gain	NOUN
ftr-419	168	9	by	by	ADP
ftr-419	168	10	reducing	reduce	VERB
ftr-419	168	11	the	the	DET
ftr-419	168	12	partner	partner	NOUN
ftr-419	168	13	's	's	PART
ftr-419	168	14	basis	basis	NOUN
ftr-419	168	15	in	in	ADP
ftr-419	168	16	some	some	DET
ftr-419	168	17	other	other	ADJ
ftr-419	168	18	asset	asset	NOUN
ftr-419	168	19	that	that	SCONJ
ftr-419	168	20	he	he	PRON
ftr-419	168	21	owns	own	VERB
ftr-419	168	22	,	,	PUNCT
ftr-419	168	23	but	but	CCONJ
ftr-419	168	24	that	that	PRON
ftr-419	168	25	would	would	AUX
ftr-419	168	26	entail	entail	VERB
ftr-419	168	27	more	more	ADJ
ftr-419	168	28	of	of	ADP
ftr-419	168	29	an	an	DET
ftr-419	168	30	administrative	administrative	ADJ
ftr-419	168	31	burden	burden	NOUN
ftr-419	168	32	than	than	ADP
ftr-419	168	33	the	the	DET
ftr-419	168	34	benefit	benefit	NOUN
ftr-419	168	35	of	of	ADP
ftr-419	168	36	nonrecognition	nonrecognition	NOUN
ftr-419	168	37	warrants	warrant	NOUN
ftr-419	168	38	in	in	ADP
ftr-419	168	39	that	that	DET
ftr-419	168	40	situation	situation	NOUN
ftr-419	168	41	since	since	SCONJ
ftr-419	168	42	there	there	PRON
ftr-419	168	43	is	be	VERB
ftr-419	168	44	little	little	ADJ
ftr-419	168	45	reason	reason	NOUN
ftr-419	168	46	for	for	ADP
ftr-419	168	47	nonrecognition	nonrecognition	NOUN
ftr-419	168	48	when	when	SCONJ
ftr-419	168	49	the	the	DET
ftr-419	168	50	partner	partner	NOUN
ftr-419	168	51	has	have	AUX
ftr-419	168	52	recouped	recoup	VERB
ftr-419	168	53	all	all	PRON
ftr-419	168	54	of	of	ADP
ftr-419	168	55	his	his	PRON
ftr-419	168	56	basis	basis	NOUN
ftr-419	168	57	and	and	CCONJ
ftr-419	168	58	realized	realize	VERB
ftr-419	168	59	a	a	DET
ftr-419	168	60	profit	profit	NOUN
ftr-419	168	61	in	in	ADP
ftr-419	168	62	cash	cash	NOUN
ftr-419	168	63	.	.	PUNCT
ftr-419	169	1	30	30	NUM
ftr-419	169	2	.	.	PUNCT
ftr-419	170	1	see	see	VERB
ftr-419	170	2	supra	supra	PROPN
ftr-419	170	3	text	text	NOUN
ftr-419	170	4	accompanying	accompanying	ADJ
ftr-419	170	5	notes	note	NOUN
ftr-419	170	6	27	27	NUM
ftr-419	170	7	-	-	SYM
ftr-419	170	8	28	28	NUM
ftr-419	170	9	.	.	PUNCT
ftr-419	171	1	31	31	NUM
ftr-419	171	2	.	.	PUNCT
ftr-419	172	1	irc	irc	PROPN
ftr-419	172	2	§	§	PROPN
ftr-419	172	3	731(a)(1	731(a)(1	PROPN
ftr-419	172	4	)	)	PUNCT
ftr-419	172	5	.	.	PUNCT
ftr-419	173	1	32	32	NUM
ftr-419	173	2	.	.	PUNCT
ftr-419	174	1	see	see	VERB
ftr-419	174	2	supra	supra	ADJ
ftr-419	174	3	text	text	NOUN
ftr-419	174	4	accompanying	accompanying	ADJ
ftr-419	174	5	notes	note	NOUN
ftr-419	174	6	17	17	NUM
ftr-419	174	7	-	-	SYM
ftr-419	174	8	21	21	NUM
ftr-419	174	9	.	.	PUNCT
ftr-419	175	1	33	33	NUM
ftr-419	175	2	.	.	PUNCT
ftr-419	176	1	irc	irc	PROPN
ftr-419	176	2	§	§	PROPN
ftr-419	176	3	731(a)(2	731(a)(2	NOUN
ftr-419	176	4	)	)	PUNCT
ftr-419	176	5	.	.	PUNCT
ftr-419	177	1	2004	2004	NUM
ftr-419	177	2	]	]	PUNCT
ftr-419	177	3	florida	florida	PROPN
ftr-419	177	4	tax	tax	PROPN
ftr-419	177	5	review	review	NOUN
ftr-419	177	6	section	section	NOUN
ftr-419	177	7	751(b).34	751(b).34	NUM
ftr-419	177	8	in	in	ADP
ftr-419	177	9	examining	examine	VERB
ftr-419	177	10	liquidating	liquidating	NOUN
ftr-419	177	11	distributions	distribution	NOUN
ftr-419	177	12	,	,	PUNCT
ftr-419	177	13	we	we	PRON
ftr-419	177	14	will	will	AUX
ftr-419	177	15	deal	deal	VERB
ftr-419	177	16	with	with	ADP
ftr-419	177	17	circumstances	circumstance	NOUN
ftr-419	177	18	where	where	SCONJ
ftr-419	177	19	section	section	NOUN
ftr-419	177	20	751(b	751(b	PROPN
ftr-419	177	21	)	)	PUNCT
ftr-419	177	22	does	do	AUX
ftr-419	177	23	not	not	PART
ftr-419	177	24	apply	apply	VERB
ftr-419	177	25	,	,	PUNCT
ftr-419	177	26	and	and	CCONJ
ftr-419	177	27	so	so	ADV
ftr-419	177	28	we	we	PRON
ftr-419	177	29	will	will	AUX
ftr-419	177	30	give	give	VERB
ftr-419	177	31	only	only	ADV
ftr-419	177	32	brief	brief	ADJ
ftr-419	177	33	attention	attention	NOUN
ftr-419	177	34	to	to	ADP
ftr-419	177	35	that	that	DET
ftr-419	177	36	section	section	NOUN
ftr-419	177	37	.	.	PUNCT
ftr-419	178	1	a	a	DET
ftr-419	178	2	partner	partner	NOUN
ftr-419	178	3	's	's	PART
ftr-419	178	4	basis	basis	NOUN
ftr-419	178	5	in	in	ADP
ftr-419	178	6	property	property	NOUN
ftr-419	178	7	received	receive	VERB
ftr-419	178	8	in	in	ADP
ftr-419	178	9	liquidation	liquidation	NOUN
ftr-419	178	10	is	be	AUX
ftr-419	178	11	determined	determine	VERB
ftr-419	178	12	differently	differently	ADV
ftr-419	178	13	from	from	ADP
ftr-419	178	14	the	the	DET
ftr-419	178	15	determination	determination	NOUN
ftr-419	178	16	of	of	ADP
ftr-419	178	17	basis	basis	NOUN
ftr-419	178	18	in	in	ADP
ftr-419	178	19	operating	operating	NOUN
ftr-419	178	20	distributions	distribution	NOUN
ftr-419	178	21	.	.	PUNCT
ftr-419	179	1	since	since	SCONJ
ftr-419	179	2	the	the	DET
ftr-419	179	3	partner	partner	NOUN
ftr-419	179	4	's	's	PART
ftr-419	179	5	interest	interest	NOUN
ftr-419	179	6	in	in	ADP
ftr-419	179	7	the	the	DET
ftr-419	179	8	partnership	partnership	NOUN
ftr-419	179	9	is	be	AUX
ftr-419	179	10	being	be	AUX
ftr-419	179	11	terminated	terminate	VERB
ftr-419	179	12	,	,	PUNCT
ftr-419	179	13	there	there	PRON
ftr-419	179	14	would	would	AUX
ftr-419	179	15	be	be	AUX
ftr-419	179	16	no	no	DET
ftr-419	179	17	usefulness	usefulness	NOUN
ftr-419	179	18	to	to	PART
ftr-419	179	19	leave	leave	VERB
ftr-419	179	20	the	the	DET
ftr-419	179	21	partner	partner	NOUN
ftr-419	179	22	with	with	ADP
ftr-419	179	23	any	any	DET
ftr-419	179	24	remaining	remain	VERB
ftr-419	179	25	outside	outside	ADJ
ftr-419	179	26	basis	basis	NOUN
ftr-419	179	27	in	in	ADP
ftr-419	179	28	his	his	PRON
ftr-419	179	29	partnership	partnership	NOUN
ftr-419	179	30	interest	interest	NOUN
ftr-419	179	31	.	.	PUNCT
ftr-419	180	1	accordingly	accordingly	ADV
ftr-419	180	2	,	,	PUNCT
ftr-419	180	3	the	the	DET
ftr-419	180	4	partner	partner	NOUN
ftr-419	180	5	takes	take	VERB
ftr-419	180	6	all	all	PRON
ftr-419	180	7	of	of	ADP
ftr-419	180	8	his	his	PRON
ftr-419	180	9	outside	outside	ADJ
ftr-419	180	10	basis	basis	NOUN
ftr-419	180	11	,	,	PUNCT
ftr-419	180	12	less	less	ADV
ftr-419	180	13	any	any	DET
ftr-419	180	14	cash	cash	NOUN
ftr-419	180	15	received	receive	VERB
ftr-419	180	16	in	in	ADP
ftr-419	180	17	the	the	DET
ftr-419	180	18	same	same	ADJ
ftr-419	180	19	transaction	transaction	NOUN
ftr-419	180	20	,	,	PUNCT
ftr-419	180	21	and	and	CCONJ
ftr-419	180	22	allocates	allocate	VERB
ftr-419	180	23	that	that	PRON
ftr-419	180	24	to	to	ADP
ftr-419	180	25	the	the	DET
ftr-419	180	26	property	property	NOUN
ftr-419	180	27	he	he	PRON
ftr-419	180	28	received	receive	VERB
ftr-419	180	29	under	under	ADP
ftr-419	180	30	section	section	NOUN
ftr-419	180	31	736(b	736(b	PROPN
ftr-419	180	32	)	)	PUNCT
ftr-419	180	33	.	.	PUNCT
ftr-419	180	34	"	"	PUNCT
ftr-419	181	1	however	however	ADV
ftr-419	181	2	,	,	PUNCT
ftr-419	181	3	the	the	DET
ftr-419	181	4	basis	basis	NOUN
ftr-419	181	5	allocated	allocate	VERB
ftr-419	181	6	to	to	ADP
ftr-419	181	7	unrealized	unrealized	ADJ
ftr-419	181	8	receivables	receivables	NOUN
ftr-419	181	9	and	and	CCONJ
ftr-419	181	10	inventory	inventory	NOUN
ftr-419	181	11	can	can	AUX
ftr-419	181	12	not	not	PART
ftr-419	181	13	exceed	exceed	VERB
ftr-419	181	14	the	the	DET
ftr-419	181	15	basis	basis	NOUN
ftr-419	181	16	that	that	SCONJ
ftr-419	181	17	the	the	DET
ftr-419	181	18	partnership	partnership	NOUN
ftr-419	181	19	had	have	AUX
ftr-419	181	20	in	in	ADP
ftr-419	181	21	those	those	PRON
ftr-419	181	22	properties.36	properties.36	NOUN
ftr-419	181	23	the	the	DET
ftr-419	181	24	definition	definition	NOUN
ftr-419	181	25	of	of	ADP
ftr-419	181	26	"	"	PUNCT
ftr-419	181	27	unrealized	unrealized	ADJ
ftr-419	181	28	receivables	receivables	NOUN
ftr-419	181	29	"	"	PUNCT
ftr-419	181	30	and	and	CCONJ
ftr-419	181	31	"	"	PUNCT
ftr-419	181	32	inventory	inventory	NOUN
ftr-419	181	33	"	"	PUNCT
ftr-419	181	34	for	for	ADP
ftr-419	181	35	this	this	DET
ftr-419	181	36	purpose	purpose	NOUN
ftr-419	181	37	is	be	AUX
ftr-419	181	38	the	the	DET
ftr-419	181	39	same	same	ADJ
ftr-419	181	40	as	as	SCONJ
ftr-419	181	41	the	the	DET
ftr-419	181	42	definition	definition	NOUN
ftr-419	181	43	employed	employ	VERB
ftr-419	181	44	in	in	ADP
ftr-419	181	45	section	section	NOUN
ftr-419	181	46	751.37	751.37	NUM
ftr-419	181	47	after	after	ADP
ftr-419	181	48	allocating	allocate	VERB
ftr-419	181	49	outside	outside	ADP
ftr-419	181	50	basis	basis	NOUN
ftr-419	181	51	to	to	ADP
ftr-419	181	52	any	any	DET
ftr-419	181	53	unrealized	unrealized	ADJ
ftr-419	181	54	receivables	receivables	NOUN
ftr-419	181	55	and	and	CCONJ
ftr-419	181	56	inventory	inventory	NOUN
ftr-419	181	57	,	,	PUNCT
ftr-419	181	58	any	any	DET
ftr-419	181	59	remaining	remain	VERB
ftr-419	181	60	outside	outside	ADJ
ftr-419	181	61	basis	basis	NOUN
ftr-419	181	62	is	be	AUX
ftr-419	181	63	allocated	allocate	VERB
ftr-419	181	64	to	to	ADP
ftr-419	181	65	other	other	ADJ
ftr-419	181	66	properties	property	NOUN
ftr-419	181	67	the	the	DET
ftr-419	181	68	partner	partner	NOUN
ftr-419	181	69	received;38	received;38	VERB
ftr-419	181	70	but	but	CCONJ
ftr-419	181	71	if	if	SCONJ
ftr-419	181	72	the	the	DET
ftr-419	181	73	partner	partner	NOUN
ftr-419	181	74	did	do	AUX
ftr-419	181	75	not	not	PART
ftr-419	181	76	receive	receive	VERB
ftr-419	181	77	any	any	DET
ftr-419	181	78	other	other	ADJ
ftr-419	181	79	property	property	NOUN
ftr-419	181	80	,	,	PUNCT
ftr-419	181	81	the	the	DET
ftr-419	181	82	partner	partner	NOUN
ftr-419	181	83	is	be	AUX
ftr-419	181	84	permitted	permit	VERB
ftr-419	181	85	to	to	PART
ftr-419	181	86	take	take	VERB
ftr-419	181	87	a	a	DET
ftr-419	181	88	deduction	deduction	NOUN
ftr-419	181	89	for	for	ADP
ftr-419	181	90	the	the	DET
ftr-419	181	91	remaining	remain	VERB
ftr-419	181	92	outside	outside	ADJ
ftr-419	181	93	basis.39	basis.39	PROPN
ftr-419	181	94	that	that	DET
ftr-419	181	95	rule	rule	NOUN
ftr-419	181	96	explains	explain	VERB
ftr-419	181	97	why	why	SCONJ
ftr-419	181	98	a	a	DET
ftr-419	181	99	partner	partner	NOUN
ftr-419	181	100	is	be	AUX
ftr-419	181	101	allowed	allow	VERB
ftr-419	181	102	to	to	PART
ftr-419	181	103	deduct	deduct	VERB
ftr-419	181	104	a	a	DET
ftr-419	181	105	loss	loss	NOUN
ftr-419	181	106	for	for	ADP
ftr-419	181	107	any	any	DET
ftr-419	181	108	unallocated	unallocated	ADJ
ftr-419	181	109	outside	outside	ADJ
ftr-419	181	110	basis	basis	NOUN
ftr-419	181	111	if	if	SCONJ
ftr-419	181	112	the	the	DET
ftr-419	181	113	only	only	ADJ
ftr-419	181	114	properties	property	NOUN
ftr-419	181	115	the	the	DET
ftr-419	181	116	partner	partner	NOUN
ftr-419	181	117	receives	receive	VERB
ftr-419	181	118	are	be	AUX
ftr-419	181	119	cash	cash	NOUN
ftr-419	181	120	,	,	PUNCT
ftr-419	181	121	unrealized	unrealized	ADJ
ftr-419	181	122	receivables	receivables	NOUN
ftr-419	181	123	,	,	PUNCT
ftr-419	181	124	and	and	CCONJ
ftr-419	181	125	inventory	inventory	NOUN
ftr-419	181	126	.	.	PUNCT
ftr-419	182	1	if	if	SCONJ
ftr-419	182	2	the	the	DET
ftr-419	182	3	partner	partner	NOUN
ftr-419	182	4	receives	receive	VERB
ftr-419	182	5	more	more	ADJ
ftr-419	182	6	than	than	ADP
ftr-419	182	7	one	one	NUM
ftr-419	182	8	property	property	NOUN
ftr-419	182	9	,	,	PUNCT
ftr-419	182	10	the	the	DET
ftr-419	182	11	manner	manner	NOUN
ftr-419	182	12	in	in	ADP
ftr-419	182	13	which	which	PRON
ftr-419	182	14	basis	basis	NOUN
ftr-419	182	15	is	be	AUX
ftr-419	182	16	allocated	allocate	VERB
ftr-419	182	17	among	among	ADP
ftr-419	182	18	the	the	DET
ftr-419	182	19	properties	property	NOUN
ftr-419	182	20	is	be	AUX
ftr-419	182	21	set	set	VERB
ftr-419	182	22	forth	forth	ADP
ftr-419	182	23	in	in	ADP
ftr-419	182	24	section	section	NOUN
ftr-419	182	25	732(c	732(c	PROPN
ftr-419	182	26	)	)	PUNCT
ftr-419	182	27	.	.	PUNCT
ftr-419	183	1	v.	v.	ADP
ftr-419	183	2	nonliquidating	nonliquidate	VERB
ftr-419	183	3	guaranteed	guarantee	VERB
ftr-419	183	4	payments	payment	NOUN
ftr-419	183	5	made	make	VERB
ftr-419	183	6	in	in	ADP
ftr-419	183	7	kind	kind	NOUN
ftr-419	183	8	if	if	SCONJ
ftr-419	183	9	an	an	DET
ftr-419	183	10	employer	employer	NOUN
ftr-419	183	11	pays	pay	VERB
ftr-419	183	12	an	an	DET
ftr-419	183	13	employee	employee	NOUN
ftr-419	183	14	's	's	PART
ftr-419	183	15	salary	salary	NOUN
ftr-419	183	16	by	by	ADP
ftr-419	183	17	paying	pay	VERB
ftr-419	183	18	the	the	DET
ftr-419	183	19	employee	employee	NOUN
ftr-419	183	20	with	with	ADP
ftr-419	183	21	property	property	NOUN
ftr-419	183	22	in	in	ADP
ftr-419	183	23	kind	kind	NOUN
ftr-419	183	24	,	,	PUNCT
ftr-419	183	25	the	the	DET
ftr-419	183	26	employer	employer	NOUN
ftr-419	183	27	will	will	AUX
ftr-419	183	28	recognize	recognize	VERB
ftr-419	183	29	gain	gain	NOUN
ftr-419	183	30	or	or	CCONJ
ftr-419	183	31	loss	loss	NOUN
ftr-419	183	32	to	to	ADP
ftr-419	183	33	the	the	DET
ftr-419	183	34	extent	extent	NOUN
ftr-419	183	35	that	that	SCONJ
ftr-419	183	36	the	the	DET
ftr-419	183	37	property	property	NOUN
ftr-419	183	38	is	be	AUX
ftr-419	183	39	appreciated	appreciate	VERB
ftr-419	183	40	or	or	CCONJ
ftr-419	183	41	depreciated.4	depreciated.4	PROPN
ftr-419	183	42	"	"	PUNCT
ftr-419	183	43	the	the	DET
ftr-419	183	44	reason	reason	NOUN
ftr-419	183	45	that	that	PRON
ftr-419	183	46	gain	gain	VERB
ftr-419	183	47	or	or	CCONJ
ftr-419	183	48	loss	loss	NOUN
ftr-419	183	49	is	be	AUX
ftr-419	183	50	recognized	recognize	VERB
ftr-419	183	51	in	in	ADP
ftr-419	183	52	such	such	ADJ
ftr-419	183	53	cases	case	NOUN
ftr-419	183	54	is	be	AUX
ftr-419	183	55	that	that	SCONJ
ftr-419	183	56	the	the	DET
ftr-419	183	57	employer	employer	NOUN
ftr-419	183	58	is	be	AUX
ftr-419	183	59	satisfying	satisfy	VERB
ftr-419	183	60	a	a	DET
ftr-419	183	61	debt	debt	NOUN
ftr-419	183	62	with	with	ADP
ftr-419	183	63	appreciated	appreciated	ADJ
ftr-419	183	64	or	or	CCONJ
ftr-419	183	65	depreciated	depreciate	VERB
ftr-419	183	66	property	property	NOUN
ftr-419	183	67	,	,	PUNCT
ftr-419	183	68	and	and	CCONJ
ftr-419	183	69	so	so	ADV
ftr-419	183	70	there	there	PRON
ftr-419	183	71	was	be	VERB
ftr-419	183	72	an	an	DET
ftr-419	183	73	exchange	exchange	NOUN
ftr-419	183	74	of	of	ADP
ftr-419	183	75	the	the	DET
ftr-419	183	76	property	property	NOUN
ftr-419	183	77	for	for	ADP
ftr-419	183	78	the	the	DET
ftr-419	183	79	debt	debt	NOUN
ftr-419	183	80	.	.	PUNCT
ftr-419	184	1	putting	put	VERB
ftr-419	184	2	it	it	PRON
ftr-419	184	3	differently	differently	ADV
ftr-419	184	4	,	,	PUNCT
ftr-419	184	5	the	the	DET
ftr-419	184	6	transaction	transaction	NOUN
ftr-419	184	7	can	can	AUX
ftr-419	184	8	be	be	AUX
ftr-419	184	9	viewed	view	VERB
ftr-419	184	10	as	as	ADP
ftr-419	184	11	one	one	NUM
ftr-419	184	12	in	in	ADP
ftr-419	184	13	which	which	PRON
ftr-419	184	14	the	the	DET
ftr-419	184	15	employer	employer	NOUN
ftr-419	184	16	constructively	constructively	ADV
ftr-419	184	17	paid	pay	VERB
ftr-419	184	18	the	the	DET
ftr-419	184	19	employee	employee	NOUN
ftr-419	184	20	cash	cash	NOUN
ftr-419	184	21	equal	equal	ADJ
ftr-419	184	22	to	to	ADP
ftr-419	184	23	the	the	DET
ftr-419	184	24	value	value	NOUN
ftr-419	184	25	34	34	NUM
ftr-419	184	26	.	.	PUNCT
ftr-419	185	1	see	see	VERB
ftr-419	185	2	irc	irc	PROPN
ftr-419	185	3	§	§	PROPN
ftr-419	185	4	§	§	PROPN
ftr-419	185	5	731	731	NUM
ftr-419	185	6	(	(	PUNCT
ftr-419	185	7	b	b	NOUN
ftr-419	185	8	)	)	PUNCT
ftr-419	185	9	,	,	PUNCT
ftr-419	185	10	751	751	NUM
ftr-419	185	11	(	(	PUNCT
ftr-419	185	12	b	b	NOUN
ftr-419	185	13	)	)	PUNCT
ftr-419	185	14	.	.	PUNCT
ftr-419	186	1	35	35	NUM
ftr-419	186	2	.	.	PUNCT
ftr-419	187	1	irc	irc	PROPN
ftr-419	187	2	§	§	PROPN
ftr-419	187	3	732(b	732(b	PROPN
ftr-419	187	4	)	)	PUNCT
ftr-419	187	5	.	.	PUNCT
ftr-419	188	1	36	36	NUM
ftr-419	188	2	.	.	PUNCT
ftr-419	189	1	irc	irc	PROPN
ftr-419	189	2	§	§	PROPN
ftr-419	189	3	732(c)(l)(a)(i	732(c)(l)(a)(i	NUM
ftr-419	189	4	)	)	PUNCT
ftr-419	189	5	.	.	PUNCT
ftr-419	190	1	37	37	NUM
ftr-419	190	2	.	.	PUNCT
ftr-419	191	1	i	i	PRON
ftr-419	191	2	d.	d.	PROPN
ftr-419	191	3	for	for	ADP
ftr-419	191	4	this	this	DET
ftr-419	191	5	purpose	purpose	NOUN
ftr-419	191	6	,	,	PUNCT
ftr-419	191	7	there	there	PRON
ftr-419	191	8	is	be	VERB
ftr-419	191	9	no	no	DET
ftr-419	191	10	requirement	requirement	NOUN
ftr-419	191	11	that	that	SCONJ
ftr-419	191	12	the	the	DET
ftr-419	191	13	inventory	inventory	NOUN
ftr-419	191	14	be	be	AUX
ftr-419	191	15	substantially	substantially	ADV
ftr-419	191	16	appreciated	appreciate	VERB
ftr-419	191	17	.	.	PUNCT
ftr-419	192	1	you	you	PRON
ftr-419	192	2	will	will	AUX
ftr-419	192	3	recall	recall	VERB
ftr-419	192	4	that	that	SCONJ
ftr-419	192	5	the	the	DET
ftr-419	192	6	definitions	definition	NOUN
ftr-419	192	7	of	of	ADP
ftr-419	192	8	the	the	DET
ftr-419	192	9	terms	term	NOUN
ftr-419	192	10	"	"	PUNCT
ftr-419	192	11	unrealized	unrealized	ADJ
ftr-419	192	12	receivables	receivables	NOUN
ftr-419	192	13	"	"	PUNCT
ftr-419	192	14	and	and	CCONJ
ftr-419	192	15	"	"	PUNCT
ftr-419	192	16	inventory	inventory	NOUN
ftr-419	192	17	"	"	PUNCT
ftr-419	192	18	in	in	ADP
ftr-419	192	19	irc	irc	PROPN
ftr-419	192	20	§	§	PROPN
ftr-419	192	21	751	751	NUM
ftr-419	192	22	are	be	AUX
ftr-419	192	23	broader	broad	ADJ
ftr-419	192	24	than	than	ADP
ftr-419	192	25	the	the	DET
ftr-419	192	26	usual	usual	ADJ
ftr-419	192	27	definitions	definition	NOUN
ftr-419	192	28	of	of	ADP
ftr-419	192	29	those	those	DET
ftr-419	192	30	terms	term	NOUN
ftr-419	192	31	.	.	PUNCT
ftr-419	193	1	see	see	VERB
ftr-419	193	2	supra	supra	PROPN
ftr-419	193	3	note	note	PROPN
ftr-419	193	4	19	19	NUM
ftr-419	193	5	.	.	NOUN
ftr-419	193	6	38	38	NUM
ftr-419	193	7	.	.	PUNCT
ftr-419	194	1	irc	irc	PROPN
ftr-419	194	2	§	§	PROPN
ftr-419	194	3	732(c)(l)(b)(i	732(c)(l)(b)(i	NUM
ftr-419	194	4	)	)	PUNCT
ftr-419	194	5	.	.	PUNCT
ftr-419	195	1	39	39	NUM
ftr-419	195	2	.	.	PUNCT
ftr-419	196	1	irc	irc	PROPN
ftr-419	196	2	§	§	PROPN
ftr-419	196	3	731(a)(2	731(a)(2	NOUN
ftr-419	196	4	)	)	PUNCT
ftr-419	196	5	.	.	PUNCT
ftr-419	197	1	40	40	NUM
ftr-419	197	2	.	.	PUNCT
ftr-419	198	1	see	see	VERB
ftr-419	198	2	,	,	PUNCT
ftr-419	198	3	e.g.	e.g.	ADV
ftr-419	198	4	,	,	PUNCT
ftr-419	198	5	mckee	mckee	PROPN
ftr-419	198	6	,	,	PUNCT
ftr-419	198	7	supra	supra	PROPN
ftr-419	198	8	note	note	PROPN
ftr-419	198	9	2	2	NUM
ftr-419	198	10	,	,	PUNCT
ftr-419	198	11	13.03[5	13.03[5	X
ftr-419	198	12	]	]	PUNCT
ftr-419	198	13	(	(	PUNCT
ftr-419	198	14	citing	cite	VERB
ftr-419	198	15	cases	case	NOUN
ftr-419	198	16	therein	therein	ADV
ftr-419	198	17	)	)	PUNCT
ftr-419	198	18	;	;	PUNCT
ftr-419	198	19	see	see	VERB
ftr-419	198	20	also	also	ADV
ftr-419	198	21	,	,	PUNCT
ftr-419	198	22	united	united	PROPN
ftr-419	198	23	states	states	PROPN
ftr-419	198	24	v.	v.	PROPN
ftr-419	198	25	davis	davis	PROPN
ftr-419	198	26	,	,	PUNCT
ftr-419	198	27	370	370	NUM
ftr-419	198	28	u.s	u.s	PROPN
ftr-419	198	29	.	.	PROPN
ftr-419	198	30	65	65	NUM
ftr-419	198	31	(	(	PUNCT
ftr-419	198	32	1962	1962	NUM
ftr-419	198	33	)	)	PUNCT
ftr-419	198	34	(	(	PUNCT
ftr-419	198	35	applying	apply	VERB
ftr-419	198	36	the	the	DET
ftr-419	198	37	same	same	ADJ
ftr-419	198	38	concept	concept	NOUN
ftr-419	198	39	in	in	ADP
ftr-419	198	40	a	a	DET
ftr-419	198	41	different	different	ADJ
ftr-419	198	42	context	context	NOUN
ftr-419	198	43	)	)	PUNCT
ftr-419	198	44	.	.	PUNCT
ftr-419	199	1	[	[	X
ftr-419	199	2	vol.6:5	vol.6:5	VERB
ftr-419	199	3	guaranteed	guarantee	VERB
ftr-419	199	4	payments	payment	NOUN
ftr-419	199	5	made	make	VERB
ftr-419	199	6	in	in	ADP
ftr-419	199	7	kind	kind	NOUN
ftr-419	199	8	by	by	ADP
ftr-419	199	9	a	a	DET
ftr-419	199	10	partnership	partnership	NOUN
ftr-419	199	11	of	of	ADP
ftr-419	199	12	the	the	DET
ftr-419	199	13	property	property	NOUN
ftr-419	199	14	,	,	PUNCT
ftr-419	199	15	and	and	CCONJ
ftr-419	199	16	the	the	DET
ftr-419	199	17	employee	employee	NOUN
ftr-419	199	18	then	then	ADV
ftr-419	199	19	constructively	constructively	ADV
ftr-419	199	20	used	use	VERB
ftr-419	199	21	that	that	DET
ftr-419	199	22	cash	cash	NOUN
ftr-419	199	23	to	to	PART
ftr-419	199	24	purchase	purchase	VERB
ftr-419	199	25	the	the	DET
ftr-419	199	26	property	property	NOUN
ftr-419	199	27	.	.	PUNCT
ftr-419	200	1	in	in	ADP
ftr-419	200	2	such	such	ADJ
ftr-419	200	3	circumstances	circumstance	NOUN
ftr-419	200	4	,	,	PUNCT
ftr-419	200	5	the	the	DET
ftr-419	200	6	employee	employee	NOUN
ftr-419	200	7	's	's	PART
ftr-419	200	8	basis	basis	NOUN
ftr-419	200	9	in	in	ADP
ftr-419	200	10	the	the	DET
ftr-419	200	11	property	property	NOUN
ftr-419	200	12	is	be	AUX
ftr-419	200	13	equal	equal	ADJ
ftr-419	200	14	to	to	ADP
ftr-419	200	15	its	its	PRON
ftr-419	200	16	fair	fair	ADJ
ftr-419	200	17	market	market	NOUN
ftr-419	200	18	value	value	NOUN
ftr-419	200	19	,	,	PUNCT
ftr-419	200	20	i.e.	i.e.	X
ftr-419	200	21	,	,	PUNCT
ftr-419	200	22	the	the	DET
ftr-419	200	23	employee	employee	NOUN
ftr-419	200	24	is	be	AUX
ftr-419	200	25	treated	treat	VERB
ftr-419	200	26	as	as	SCONJ
ftr-419	200	27	if	if	SCONJ
ftr-419	200	28	he	he	PRON
ftr-419	200	29	purchased	purchase	VERB
ftr-419	200	30	the	the	DET
ftr-419	200	31	property	property	NOUN
ftr-419	200	32	for	for	ADP
ftr-419	200	33	cash	cash	NOUN
ftr-419	200	34	in	in	ADP
ftr-419	200	35	an	an	DET
ftr-419	200	36	amount	amount	NOUN
ftr-419	200	37	equal	equal	ADJ
ftr-419	200	38	to	to	ADP
ftr-419	200	39	its	its	PRON
ftr-419	200	40	value	value	NOUN
ftr-419	200	41	.	.	PUNCT
ftr-419	201	1	if	if	SCONJ
ftr-419	201	2	the	the	DET
ftr-419	201	3	employee	employee	NOUN
ftr-419	201	4	was	be	AUX
ftr-419	201	5	not	not	PART
ftr-419	201	6	permitted	permit	VERB
ftr-419	201	7	to	to	PART
ftr-419	201	8	take	take	VERB
ftr-419	201	9	a	a	DET
ftr-419	201	10	basis	basis	NOUN
ftr-419	201	11	equal	equal	ADJ
ftr-419	201	12	to	to	ADP
ftr-419	201	13	value	value	NOUN
ftr-419	201	14	,	,	PUNCT
ftr-419	201	15	there	there	PRON
ftr-419	201	16	would	would	AUX
ftr-419	201	17	be	be	AUX
ftr-419	201	18	double	double	ADJ
ftr-419	201	19	taxation	taxation	NOUN
ftr-419	201	20	when	when	SCONJ
ftr-419	201	21	the	the	DET
ftr-419	201	22	employee	employee	NOUN
ftr-419	201	23	sold	sell	VERB
ftr-419	201	24	the	the	DET
ftr-419	201	25	asset	asset	NOUN
ftr-419	201	26	if	if	SCONJ
ftr-419	201	27	it	it	PRON
ftr-419	201	28	were	be	AUX
ftr-419	201	29	appreciated	appreciate	VERB
ftr-419	201	30	at	at	ADP
ftr-419	201	31	the	the	DET
ftr-419	201	32	time	time	NOUN
ftr-419	201	33	the	the	DET
ftr-419	201	34	employee	employee	NOUN
ftr-419	201	35	received	receive	VERB
ftr-419	201	36	it	it	PRON
ftr-419	201	37	.	.	PUNCT
ftr-419	202	1	a	a	DET
ftr-419	202	2	major	major	ADJ
ftr-419	202	3	issue	issue	NOUN
ftr-419	202	4	then	then	ADV
ftr-419	202	5	is	be	AUX
ftr-419	202	6	whether	whether	SCONJ
ftr-419	202	7	,	,	PUNCT
ftr-419	202	8	for	for	ADP
ftr-419	202	9	purposes	purpose	NOUN
ftr-419	202	10	of	of	ADP
ftr-419	202	11	gain	gain	NOUN
ftr-419	202	12	or	or	CCONJ
ftr-419	202	13	loss	loss	NOUN
ftr-419	202	14	recognition	recognition	NOUN
ftr-419	202	15	and	and	CCONJ
ftr-419	202	16	for	for	ADP
ftr-419	202	17	determination	determination	NOUN
ftr-419	202	18	of	of	ADP
ftr-419	202	19	basis	basis	NOUN
ftr-419	202	20	,	,	PUNCT
ftr-419	202	21	a	a	DET
ftr-419	202	22	guaranteed	guarantee	VERB
ftr-419	202	23	payment	payment	NOUN
ftr-419	202	24	made	make	VERB
ftr-419	202	25	in	in	ADP
ftr-419	202	26	kind	kind	NOUN
ftr-419	202	27	to	to	ADP
ftr-419	202	28	a	a	DET
ftr-419	202	29	partner	partner	NOUN
ftr-419	202	30	for	for	ADP
ftr-419	202	31	services	service	NOUN
ftr-419	202	32	is	be	AUX
ftr-419	202	33	to	to	PART
ftr-419	202	34	be	be	AUX
ftr-419	202	35	treated	treat	VERB
ftr-419	202	36	as	as	SCONJ
ftr-419	202	37	if	if	SCONJ
ftr-419	202	38	it	it	PRON
ftr-419	202	39	were	be	AUX
ftr-419	202	40	made	make	VERB
ftr-419	202	41	by	by	ADP
ftr-419	202	42	an	an	DET
ftr-419	202	43	employer	employer	NOUN
ftr-419	202	44	(	(	PUNCT
ftr-419	202	45	a	a	DET
ftr-419	202	46	separate	separate	ADJ
ftr-419	202	47	entity	entity	NOUN
ftr-419	202	48	)	)	PUNCT
ftr-419	202	49	to	to	ADP
ftr-419	202	50	an	an	DET
ftr-419	202	51	employee	employee	NOUN
ftr-419	202	52	.	.	PUNCT
ftr-419	203	1	as	as	SCONJ
ftr-419	203	2	noted	note	VERB
ftr-419	203	3	above	above	ADV
ftr-419	203	4	,	,	PUNCT
ftr-419	203	5	section	section	NOUN
ftr-419	203	6	707(c	707(c	PROPN
ftr-419	203	7	)	)	PUNCT
ftr-419	203	8	states	state	VERB
ftr-419	203	9	that	that	SCONJ
ftr-419	203	10	a	a	DET
ftr-419	203	11	guaranteed	guarantee	VERB
ftr-419	203	12	payment	payment	NOUN
ftr-419	203	13	is	be	AUX
ftr-419	203	14	to	to	PART
ftr-419	203	15	be	be	AUX
ftr-419	203	16	treated	treat	VERB
ftr-419	203	17	as	as	ADP
ftr-419	203	18	having	having	AUX
ftr-419	203	19	been	be	AUX
ftr-419	203	20	made	make	VERB
ftr-419	203	21	to	to	ADP
ftr-419	203	22	a	a	DET
ftr-419	203	23	person	person	NOUN
ftr-419	203	24	who	who	PRON
ftr-419	203	25	is	be	AUX
ftr-419	203	26	not	not	PART
ftr-419	203	27	a	a	DET
ftr-419	203	28	member	member	NOUN
ftr-419	203	29	of	of	ADP
ftr-419	203	30	the	the	DET
ftr-419	203	31	partnership	partnership	NOUN
ftr-419	203	32	"	"	PUNCT
ftr-419	203	33	but	but	CCONJ
ftr-419	203	34	only	only	ADV
ftr-419	203	35	for	for	ADP
ftr-419	203	36	the	the	DET
ftr-419	203	37	purposes	purpose	NOUN
ftr-419	203	38	of	of	ADP
ftr-419	203	39	section	section	NOUN
ftr-419	203	40	61(a	61(a	NUM
ftr-419	203	41	)	)	PUNCT
ftr-419	203	42	(	(	PUNCT
ftr-419	203	43	relating	relate	VERB
ftr-419	203	44	to	to	ADP
ftr-419	203	45	gross	gross	ADJ
ftr-419	203	46	income	income	NOUN
ftr-419	203	47	)	)	PUNCT
ftr-419	203	48	and	and	CCONJ
ftr-419	203	49	,	,	PUNCT
ftr-419	203	50	subject	subject	ADJ
ftr-419	203	51	to	to	ADP
ftr-419	203	52	section	section	NOUN
ftr-419	203	53	263	263	NUM
ftr-419	203	54	,	,	PUNCT
ftr-419	203	55	for	for	ADP
ftr-419	203	56	purposes	purpose	NOUN
ftr-419	203	57	of	of	ADP
ftr-419	203	58	section	section	NOUN
ftr-419	203	59	162(a)(relating	162(a)(relate	VERB
ftr-419	203	60	to	to	PART
ftr-419	203	61	trade	trade	NOUN
ftr-419	203	62	or	or	CCONJ
ftr-419	203	63	business	business	NOUN
ftr-419	203	64	expenses	expense	NOUN
ftr-419	203	65	)	)	PUNCT
ftr-419	203	66	.	.	PUNCT
ftr-419	204	1	"	"	PUNCT
ftr-419	204	2	'	'	PUNCT
ftr-419	204	3	"	"	PUNCT
ftr-419	204	4	in	in	ADP
ftr-419	204	5	other	other	ADJ
ftr-419	204	6	words	word	NOUN
ftr-419	204	7	,	,	PUNCT
ftr-419	204	8	a	a	DET
ftr-419	204	9	guaranteed	guarantee	VERB
ftr-419	204	10	payment	payment	NOUN
ftr-419	204	11	constitutes	constitute	VERB
ftr-419	204	12	ordinary	ordinary	ADJ
ftr-419	204	13	income	income	NOUN
ftr-419	204	14	to	to	ADP
ftr-419	204	15	the	the	DET
ftr-419	204	16	partner	partner	NOUN
ftr-419	204	17	and	and	CCONJ
ftr-419	204	18	is	be	AUX
ftr-419	204	19	deductible	deductible	ADJ
ftr-419	204	20	by	by	ADP
ftr-419	204	21	the	the	DET
ftr-419	204	22	partnership	partnership	NOUN
ftr-419	204	23	unless	unless	SCONJ
ftr-419	204	24	the	the	DET
ftr-419	204	25	payment	payment	NOUN
ftr-419	204	26	constitutes	constitute	VERB
ftr-419	204	27	a	a	DET
ftr-419	204	28	capital	capital	NOUN
ftr-419	204	29	expenditure	expenditure	NOUN
ftr-419	204	30	.	.	PUNCT
ftr-419	205	1	the	the	DET
ftr-419	205	2	"	"	PUNCT
ftr-419	205	3	but	but	CCONJ
ftr-419	205	4	only	only	ADV
ftr-419	205	5	for	for	ADP
ftr-419	205	6	the	the	DET
ftr-419	205	7	purposes	purpose	NOUN
ftr-419	205	8	of	of	ADP
ftr-419	205	9	'	'	PUNCT
ftr-419	205	10	language	language	NOUN
ftr-419	205	11	of	of	ADP
ftr-419	205	12	the	the	DET
ftr-419	205	13	statute	statute	NOUN
ftr-419	205	14	strongly	strongly	ADV
ftr-419	205	15	suggests	suggest	VERB
ftr-419	205	16	that	that	SCONJ
ftr-419	205	17	for	for	ADP
ftr-419	205	18	all	all	DET
ftr-419	205	19	other	other	ADJ
ftr-419	205	20	purposes	purpose	NOUN
ftr-419	205	21	the	the	DET
ftr-419	205	22	payment	payment	NOUN
ftr-419	205	23	is	be	AUX
ftr-419	205	24	treated	treat	VERB
ftr-419	205	25	as	as	ADP
ftr-419	205	26	a	a	DET
ftr-419	205	27	distribution	distribution	NOUN
ftr-419	205	28	to	to	ADP
ftr-419	205	29	a	a	DET
ftr-419	205	30	partner	partner	NOUN
ftr-419	205	31	.	.	PUNCT
ftr-419	206	1	the	the	DET
ftr-419	206	2	regulations	regulation	NOUN
ftr-419	206	3	construing	construe	VERB
ftr-419	206	4	this	this	DET
ftr-419	206	5	provision	provision	NOUN
ftr-419	206	6	reiterate	reiterate	VERB
ftr-419	206	7	the	the	DET
ftr-419	206	8	statutory	statutory	ADJ
ftr-419	206	9	language	language	NOUN
ftr-419	206	10	and	and	CCONJ
ftr-419	206	11	state	state	NOUN
ftr-419	206	12	that	that	SCONJ
ftr-419	206	13	the	the	DET
ftr-419	206	14	partner	partner	NOUN
ftr-419	206	15	's	's	PART
ftr-419	206	16	income	income	NOUN
ftr-419	206	17	from	from	ADP
ftr-419	206	18	the	the	DET
ftr-419	206	19	payment	payment	NOUN
ftr-419	206	20	is	be	AUX
ftr-419	206	21	to	to	PART
ftr-419	206	22	be	be	AUX
ftr-419	206	23	reported	report	VERB
ftr-419	206	24	in	in	ADP
ftr-419	206	25	the	the	DET
ftr-419	206	26	partner	partner	NOUN
ftr-419	206	27	's	's	PART
ftr-419	206	28	"	"	PUNCT
ftr-419	206	29	taxable	taxable	ADJ
ftr-419	206	30	year	year	NOUN
ftr-419	206	31	within	within	ADP
ftr-419	206	32	or	or	CCONJ
ftr-419	206	33	with	with	ADP
ftr-419	206	34	which	which	PRON
ftr-419	206	35	ends	end	VERB
ftr-419	206	36	the	the	DET
ftr-419	206	37	partnership	partnership	NOUN
ftr-419	206	38	taxable	taxable	ADJ
ftr-419	206	39	year	year	NOUN
ftr-419	206	40	in	in	ADP
ftr-419	206	41	which	which	PRON
ftr-419	206	42	the	the	DET
ftr-419	206	43	partnership	partnership	NOUN
ftr-419	206	44	deducted	deduct	VERB
ftr-419	206	45	"	"	PUNCT
ftr-419	206	46	the	the	DET
ftr-419	206	47	payment	payment	NOUN
ftr-419	206	48	under	under	ADP
ftr-419	206	49	its	its	PRON
ftr-419	206	50	method	method	NOUN
ftr-419	206	51	of	of	ADP
ftr-419	206	52	accounting.42	accounting.42	ADP
ftr-419	206	53	the	the	DET
ftr-419	206	54	regulation	regulation	NOUN
ftr-419	206	55	further	further	ADJ
ftr-419	206	56	states	state	NOUN
ftr-419	206	57	:	:	PUNCT
ftr-419	206	58	guaranteed	guarantee	VERB
ftr-419	206	59	payments	payment	NOUN
ftr-419	206	60	do	do	AUX
ftr-419	206	61	not	not	PART
ftr-419	206	62	constitute	constitute	VERB
ftr-419	206	63	an	an	DET
ftr-419	206	64	interest	interest	NOUN
ftr-419	206	65	in	in	ADP
ftr-419	206	66	partnership	partnership	NOUN
ftr-419	206	67	profits	profit	NOUN
ftr-419	206	68	for	for	ADP
ftr-419	206	69	purposes	purpose	NOUN
ftr-419	206	70	of	of	ADP
ftr-419	206	71	sections	section	NOUN
ftr-419	206	72	706(b)(3	706(b)(3	NOUN
ftr-419	206	73	)	)	PUNCT
ftr-419	206	74	,	,	PUNCT
ftr-419	206	75	707(b	707(b	PROPN
ftr-419	206	76	)	)	PUNCT
ftr-419	206	77	,	,	PUNCT
ftr-419	206	78	and	and	CCONJ
ftr-419	206	79	708(b	708(b	NOUN
ftr-419	206	80	)	)	PUNCT
ftr-419	206	81	.	.	PUNCT
ftr-419	207	1	for	for	ADP
ftr-419	207	2	the	the	DET
ftr-419	207	3	purposes	purpose	NOUN
ftr-419	207	4	of	of	ADP
ftr-419	207	5	other	other	ADJ
ftr-419	207	6	provisions	provision	NOUN
ftr-419	207	7	of	of	ADP
ftr-419	207	8	the	the	DET
ftr-419	207	9	internal	internal	ADJ
ftr-419	207	10	revenue	revenue	NOUN
ftr-419	207	11	laws	law	NOUN
ftr-419	207	12	,	,	PUNCT
ftr-419	207	13	guaranteed	guarantee	VERB
ftr-419	207	14	payments	payment	NOUN
ftr-419	207	15	are	be	AUX
ftr-419	207	16	regarded	regard	VERB
ftr-419	207	17	as	as	ADP
ftr-419	207	18	a	a	DET
ftr-419	207	19	partner	partner	NOUN
ftr-419	207	20	's	's	PART
ftr-419	207	21	distributive	distributive	ADJ
ftr-419	207	22	share	share	NOUN
ftr-419	207	23	of	of	ADP
ftr-419	207	24	ordinary	ordinary	ADJ
ftr-419	207	25	income	income	NOUN
ftr-419	207	26	.	.	PUNCT
ftr-419	208	1	thus	thus	ADV
ftr-419	208	2	,	,	PUNCT
ftr-419	208	3	a	a	DET
ftr-419	208	4	partner	partner	NOUN
ftr-419	208	5	who	who	PRON
ftr-419	208	6	receives	receive	VERB
ftr-419	208	7	guaranteed	guarantee	VERB
ftr-419	208	8	payments	payment	NOUN
ftr-419	208	9	for	for	ADP
ftr-419	208	10	a	a	DET
ftr-419	208	11	period	period	NOUN
ftr-419	208	12	during	during	ADP
ftr-419	208	13	which	which	PRON
ftr-419	208	14	he	he	PRON
ftr-419	208	15	is	be	AUX
ftr-419	208	16	absent	absent	ADJ
ftr-419	208	17	from	from	ADP
ftr-419	208	18	work	work	NOUN
ftr-419	208	19	because	because	SCONJ
ftr-419	208	20	of	of	ADP
ftr-419	208	21	personal	personal	ADJ
ftr-419	208	22	injuries	injury	NOUN
ftr-419	208	23	or	or	CCONJ
ftr-419	208	24	sickness	sickness	NOUN
ftr-419	208	25	is	be	AUX
ftr-419	208	26	not	not	PART
ftr-419	208	27	entitled	entitle	VERB
ftr-419	208	28	to	to	PART
ftr-419	208	29	exclude	exclude	VERB
ftr-419	208	30	such	such	ADJ
ftr-419	208	31	payments	payment	NOUN
ftr-419	208	32	from	from	ADP
ftr-419	208	33	his	his	PRON
ftr-419	208	34	gross	gross	ADJ
ftr-419	208	35	income	income	NOUN
ftr-419	208	36	under	under	ADP
ftr-419	208	37	section	section	NOUN
ftr-419	208	38	105(d	105(d	PROPN
ftr-419	208	39	)	)	PUNCT
ftr-419	208	40	.	.	PUNCT
ftr-419	209	1	similarly	similarly	ADV
ftr-419	209	2	,	,	PUNCT
ftr-419	209	3	a	a	DET
ftr-419	209	4	partner	partner	NOUN
ftr-419	209	5	who	who	PRON
ftr-419	209	6	receives	receive	VERB
ftr-419	209	7	guaranteed	guaranteed	ADJ
ftr-419	209	8	payments	payment	NOUN
ftr-419	209	9	is	be	AUX
ftr-419	209	10	not	not	PART
ftr-419	209	11	regarded	regard	VERB
ftr-419	209	12	as	as	ADP
ftr-419	209	13	an	an	DET
ftr-419	209	14	employee	employee	NOUN
ftr-419	209	15	of	of	ADP
ftr-419	209	16	the	the	DET
ftr-419	209	17	41	41	NUM
ftr-419	209	18	.	.	PUNCT
ftr-419	210	1	irc	irc	PROPN
ftr-419	210	2	§	§	PROPN
ftr-419	210	3	707(c	707(c	PROPN
ftr-419	210	4	)	)	PUNCT
ftr-419	210	5	(	(	PUNCT
ftr-419	210	6	emphasis	emphasis	NOUN
ftr-419	210	7	added	add	VERB
ftr-419	210	8	)	)	PUNCT
ftr-419	210	9	.	.	PUNCT
ftr-419	211	1	42	42	NUM
ftr-419	211	2	.	.	PUNCT
ftr-419	211	3	regs	regs	PROPN
ftr-419	211	4	.	.	PUNCT
ftr-419	212	1	§	§	PROPN
ftr-419	212	2	1.707	1.707	NUM
ftr-419	212	3	-	-	SYM
ftr-419	212	4	1(c	1(c	NUM
ftr-419	212	5	)	)	PUNCT
ftr-419	212	6	.	.	PUNCT
ftr-419	213	1	this	this	DET
ftr-419	213	2	timing	timing	NOUN
ftr-419	213	3	rule	rule	NOUN
ftr-419	213	4	is	be	AUX
ftr-419	213	5	the	the	DET
ftr-419	213	6	same	same	ADJ
ftr-419	213	7	as	as	ADP
ftr-419	213	8	the	the	DET
ftr-419	213	9	one	one	NOUN
ftr-419	213	10	for	for	ADP
ftr-419	213	11	the	the	DET
ftr-419	213	12	timing	timing	NOUN
ftr-419	213	13	of	of	ADP
ftr-419	213	14	a	a	DET
ftr-419	213	15	partner	partner	NOUN
ftr-419	213	16	's	's	PART
ftr-419	213	17	recognition	recognition	NOUN
ftr-419	213	18	of	of	ADP
ftr-419	213	19	his	his	PRON
ftr-419	213	20	distributive	distributive	ADJ
ftr-419	213	21	share	share	NOUN
ftr-419	213	22	of	of	ADP
ftr-419	213	23	partnership	partnership	NOUN
ftr-419	213	24	income	income	NOUN
ftr-419	213	25	or	or	CCONJ
ftr-419	213	26	other	other	ADJ
ftr-419	213	27	tax	tax	NOUN
ftr-419	213	28	items	item	NOUN
ftr-419	213	29	.	.	PUNCT
ftr-419	214	1	irc	irc	PROPN
ftr-419	214	2	§	§	PROPN
ftr-419	214	3	706(a	706(a	PROPN
ftr-419	214	4	)	)	PUNCT
ftr-419	214	5	.	.	PUNCT
ftr-419	215	1	so	so	ADV
ftr-419	215	2	,	,	PUNCT
ftr-419	215	3	the	the	DET
ftr-419	215	4	timing	timing	NOUN
ftr-419	215	5	of	of	ADP
ftr-419	215	6	recognition	recognition	NOUN
ftr-419	215	7	depends	depend	VERB
ftr-419	215	8	upon	upon	SCONJ
ftr-419	215	9	the	the	DET
ftr-419	215	10	accounting	accounting	NOUN
ftr-419	215	11	method	method	NOUN
ftr-419	215	12	used	use	VERB
ftr-419	215	13	by	by	ADP
ftr-419	215	14	the	the	DET
ftr-419	215	15	partnership	partnership	NOUN
ftr-419	215	16	.	.	PUNCT
ftr-419	216	1	note	note	VERB
ftr-419	216	2	that	that	SCONJ
ftr-419	216	3	irc	irc	ADV
ftr-419	216	4	§	§	PROPN
ftr-419	216	5	267(a)(2	267(a)(2	PROPN
ftr-419	216	6	)	)	PUNCT
ftr-419	216	7	,	,	PUNCT
ftr-419	216	8	deferring	defer	VERB
ftr-419	216	9	a	a	DET
ftr-419	216	10	deduction	deduction	NOUN
ftr-419	216	11	for	for	ADP
ftr-419	216	12	accruals	accrual	NOUN
ftr-419	216	13	of	of	ADP
ftr-419	216	14	obligations	obligation	NOUN
ftr-419	216	15	to	to	ADP
ftr-419	216	16	a	a	DET
ftr-419	216	17	related	related	ADJ
ftr-419	216	18	person	person	NOUN
ftr-419	216	19	in	in	ADP
ftr-419	216	20	certain	certain	ADJ
ftr-419	216	21	circumstances	circumstance	NOUN
ftr-419	216	22	,	,	PUNCT
ftr-419	216	23	does	do	AUX
ftr-419	216	24	not	not	PART
ftr-419	216	25	apply	apply	VERB
ftr-419	216	26	to	to	ADP
ftr-419	216	27	guaranteed	guarantee	VERB
ftr-419	216	28	payments	payment	NOUN
ftr-419	216	29	.	.	PUNCT
ftr-419	217	1	irc	irc	PROPN
ftr-419	217	2	§	§	PROPN
ftr-419	217	3	267(e)(4	267(e)(4	NUM
ftr-419	217	4	)	)	PUNCT
ftr-419	217	5	.	.	PUNCT
ftr-419	218	1	20041	20041	NUM
ftr-419	218	2	florida	florida	PROPN
ftr-419	218	3	tax	tax	PROPN
ftr-419	218	4	review	review	NOUN
ftr-419	218	5	partnership	partnership	NOUN
ftr-419	218	6	for	for	ADP
ftr-419	218	7	the	the	DET
ftr-419	218	8	purposes	purpose	NOUN
ftr-419	218	9	of	of	ADP
ftr-419	218	10	withholding	withholding	NOUN
ftr-419	218	11	of	of	ADP
ftr-419	218	12	tax	tax	NOUN
ftr-419	218	13	at	at	ADP
ftr-419	218	14	source	source	NOUN
ftr-419	218	15	,	,	PUNCT
ftr-419	218	16	deferred	defer	VERB
ftr-419	218	17	compensation	compensation	NOUN
ftr-419	218	18	plans	plan	NOUN
ftr-419	218	19	,	,	PUNCT
ftr-419	218	20	etc	etc	X
ftr-419	218	21	.	.	X
ftr-419	218	22	3	3	NUM
ftr-419	218	23	section	section	NOUN
ftr-419	218	24	707(c	707(c	PROPN
ftr-419	218	25	)	)	PUNCT
ftr-419	218	26	was	be	AUX
ftr-419	218	27	first	first	ADV
ftr-419	218	28	adopted	adopt	VERB
ftr-419	218	29	as	as	ADP
ftr-419	218	30	part	part	NOUN
ftr-419	218	31	of	of	ADP
ftr-419	218	32	the	the	DET
ftr-419	218	33	1954	1954	NUM
ftr-419	218	34	code	code	NOUN
ftr-419	218	35	.	.	PUNCT
ftr-419	219	1	prior	prior	ADV
ftr-419	219	2	to	to	ADP
ftr-419	219	3	its	its	PRON
ftr-419	219	4	adoption	adoption	NOUN
ftr-419	219	5	,	,	PUNCT
ftr-419	219	6	guaranteed	guarantee	VERB
ftr-419	219	7	payments	payment	NOUN
ftr-419	219	8	were	be	AUX
ftr-419	219	9	treated	treat	VERB
ftr-419	219	10	as	as	ADP
ftr-419	219	11	partnership	partnership	NOUN
ftr-419	219	12	distributions	distribution	NOUN
ftr-419	219	13	for	for	ADP
ftr-419	219	14	all	all	DET
ftr-419	219	15	purposes	purpose	NOUN
ftr-419	219	16	.	.	PUNCT
ftr-419	220	1	that	that	DET
ftr-419	220	2	treatment	treatment	NOUN
ftr-419	220	3	caused	cause	VERB
ftr-419	220	4	complexity	complexity	NOUN
ftr-419	220	5	and	and	CCONJ
ftr-419	220	6	led	lead	VERB
ftr-419	220	7	to	to	ADP
ftr-419	220	8	incongruous	incongruous	ADJ
ftr-419	220	9	results	result	NOUN
ftr-419	220	10	when	when	SCONJ
ftr-419	220	11	the	the	DET
ftr-419	220	12	guaranteed	guarantee	VERB
ftr-419	220	13	payments	payment	NOUN
ftr-419	220	14	exceeded	exceed	VERB
ftr-419	220	15	the	the	DET
ftr-419	220	16	partnership	partnership	NOUN
ftr-419	220	17	's	's	PART
ftr-419	220	18	income	income	NOUN
ftr-419	220	19	for	for	ADP
ftr-419	220	20	that	that	DET
ftr-419	220	21	year	year	NOUN
ftr-419	220	22	.	.	PUNCT
ftr-419	221	1	as	as	SCONJ
ftr-419	221	2	previously	previously	ADV
ftr-419	221	3	noted	note	VERB
ftr-419	221	4	,	,	PUNCT
ftr-419	221	5	the	the	PRON
ftr-419	221	6	"	"	PUNCT
ftr-419	221	7	but	but	CCONJ
ftr-419	221	8	only	only	ADV
ftr-419	221	9	for	for	ADP
ftr-419	221	10	the	the	DET
ftr-419	221	11	purposes	purpose	NOUN
ftr-419	221	12	of	of	ADP
ftr-419	221	13	'	'	PUNCT
ftr-419	221	14	language	language	NOUN
ftr-419	221	15	in	in	ADP
ftr-419	221	16	the	the	DET
ftr-419	221	17	statute	statute	NOUN
ftr-419	221	18	was	be	AUX
ftr-419	221	19	first	first	ADV
ftr-419	221	20	included	include	VERB
ftr-419	221	21	in	in	ADP
ftr-419	221	22	the	the	DET
ftr-419	221	23	provision	provision	NOUN
ftr-419	221	24	by	by	ADP
ftr-419	221	25	the	the	DET
ftr-419	221	26	senate	senate	PROPN
ftr-419	221	27	finance	finance	PROPN
ftr-419	221	28	committee	committee	NOUN
ftr-419	221	29	,	,	PUNCT
ftr-419	221	30	which	which	PRON
ftr-419	221	31	explained	explain	VERB
ftr-419	221	32	the	the	DET
ftr-419	221	33	reason	reason	NOUN
ftr-419	221	34	for	for	ADP
ftr-419	221	35	its	its	PRON
ftr-419	221	36	insertion	insertion	NOUN
ftr-419	221	37	as	as	SCONJ
ftr-419	221	38	follows	follow	VERB
ftr-419	221	39	:	:	PUNCT
ftr-419	221	40	in	in	ADP
ftr-419	221	41	the	the	DET
ftr-419	221	42	case	case	NOUN
ftr-419	221	43	of	of	ADP
ftr-419	221	44	guaranteed	guarantee	VERB
ftr-419	221	45	salary	salary	NOUN
ftr-419	221	46	payments	payment	NOUN
ftr-419	221	47	your	your	PRON
ftr-419	221	48	committee	committee	NOUN
ftr-419	221	49	followed	follow	VERB
ftr-419	221	50	the	the	DET
ftr-419	221	51	house	house	NOUN
ftr-419	221	52	bill	bill	NOUN
ftr-419	221	53	but	but	CCONJ
ftr-419	221	54	made	make	VERB
ftr-419	221	55	it	it	PRON
ftr-419	221	56	clear	clear	ADJ
ftr-419	221	57	that	that	SCONJ
ftr-419	221	58	such	such	ADJ
ftr-419	221	59	income	income	NOUN
ftr-419	221	60	is	be	AUX
ftr-419	221	61	to	to	PART
ftr-419	221	62	be	be	AUX
ftr-419	221	63	reported	report	VERB
ftr-419	221	64	for	for	ADP
ftr-419	221	65	tax	tax	NOUN
ftr-419	221	66	purposes	purpose	NOUN
ftr-419	221	67	at	at	ADP
ftr-419	221	68	the	the	DET
ftr-419	221	69	end	end	NOUN
ftr-419	221	70	of	of	ADP
ftr-419	221	71	the	the	DET
ftr-419	221	72	partnership	partnership	NOUN
ftr-419	221	73	year	year	NOUN
ftr-419	221	74	in	in	ADP
ftr-419	221	75	which	which	PRON
ftr-419	221	76	it	it	PRON
ftr-419	221	77	is	be	AUX
ftr-419	221	78	paid	pay	VERB
ftr-419	221	79	and	and	CCONJ
ftr-419	221	80	that	that	SCONJ
ftr-419	221	81	this	this	DET
ftr-419	221	82	treatment	treatment	NOUN
ftr-419	221	83	is	be	AUX
ftr-419	221	84	only	only	ADV
ftr-419	221	85	provided	provide	VERB
ftr-419	221	86	for	for	ADP
ftr-419	221	87	purposes	purpose	NOUN
ftr-419	221	88	of	of	ADP
ftr-419	221	89	the	the	DET
ftr-419	221	90	reporting	reporting	NOUN
ftr-419	221	91	of	of	ADP
ftr-419	221	92	the	the	DET
ftr-419	221	93	income	income	NOUN
ftr-419	221	94	by	by	ADP
ftr-419	221	95	the	the	DET
ftr-419	221	96	partner	partner	NOUN
ftr-419	221	97	and	and	CCONJ
ftr-419	221	98	the	the	DET
ftr-419	221	99	deducting	deducting	NOUN
ftr-419	221	100	of	of	ADP
ftr-419	221	101	the	the	DET
ftr-419	221	102	payments	payment	NOUN
ftr-419	221	103	by	by	ADP
ftr-419	221	104	the	the	DET
ftr-419	221	105	partnership.4	partnership.4	PROPN
ftr-419	221	106	the	the	DET
ftr-419	221	107	language	language	NOUN
ftr-419	221	108	employed	employ	VERB
ftr-419	221	109	in	in	ADP
ftr-419	221	110	section	section	NOUN
ftr-419	221	111	707(c	707(c	PROPN
ftr-419	221	112	)	)	PUNCT
ftr-419	221	113	is	be	AUX
ftr-419	221	114	in	in	ADP
ftr-419	221	115	sharp	sharp	ADJ
ftr-419	221	116	contrast	contrast	NOUN
ftr-419	221	117	to	to	ADP
ftr-419	221	118	the	the	DET
ftr-419	221	119	language	language	NOUN
ftr-419	221	120	of	of	ADP
ftr-419	221	121	section	section	NOUN
ftr-419	221	122	707(a	707(a	PROPN
ftr-419	221	123	)	)	PUNCT
ftr-419	221	124	which	which	PRON
ftr-419	221	125	treats	treat	VERB
ftr-419	221	126	a	a	DET
ftr-419	221	127	salary	salary	NOUN
ftr-419	221	128	payment	payment	NOUN
ftr-419	221	129	made	make	VERB
ftr-419	221	130	to	to	ADP
ftr-419	221	131	a	a	DET
ftr-419	221	132	partner	partner	NOUN
ftr-419	221	133	in	in	ADP
ftr-419	221	134	a	a	DET
ftr-419	221	135	capacity	capacity	NOUN
ftr-419	221	136	other	other	ADJ
ftr-419	221	137	than	than	ADP
ftr-419	221	138	his	his	PRON
ftr-419	221	139	position	position	NOUN
ftr-419	221	140	as	as	ADP
ftr-419	221	141	a	a	DET
ftr-419	221	142	partner	partner	NOUN
ftr-419	221	143	as	as	ADP
ftr-419	221	144	a	a	DET
ftr-419	221	145	payment	payment	NOUN
ftr-419	221	146	to	to	ADP
ftr-419	221	147	one	one	NUM
ftr-419	221	148	who	who	PRON
ftr-419	221	149	is	be	AUX
ftr-419	221	150	not	not	PART
ftr-419	221	151	a	a	DET
ftr-419	221	152	partner	partner	NOUN
ftr-419	221	153	;	;	PUNCT
ftr-419	221	154	and	and	CCONJ
ftr-419	221	155	,	,	PUNCT
ftr-419	221	156	unlike	unlike	ADP
ftr-419	221	157	the	the	DET
ftr-419	221	158	section	section	NOUN
ftr-419	221	159	707(c	707(c	PROPN
ftr-419	221	160	)	)	PUNCT
ftr-419	221	161	provision	provision	NOUN
ftr-419	221	162	,	,	PUNCT
ftr-419	221	163	the	the	DET
ftr-419	221	164	section	section	NOUN
ftr-419	221	165	707(a	707(a	NOUN
ftr-419	221	166	)	)	PUNCT
ftr-419	221	167	treatment	treatment	NOUN
ftr-419	221	168	is	be	AUX
ftr-419	221	169	not	not	PART
ftr-419	221	170	limited	limit	VERB
ftr-419	221	171	to	to	ADP
ftr-419	221	172	several	several	ADJ
ftr-419	221	173	specified	specify	VERB
ftr-419	221	174	code	code	NOUN
ftr-419	221	175	provisions	provision	NOUN
ftr-419	221	176	.	.	PUNCT
ftr-419	222	1	contrary	contrary	ADJ
ftr-419	222	2	to	to	ADP
ftr-419	222	3	the	the	DET
ftr-419	222	4	restrictive	restrictive	ADJ
ftr-419	222	5	language	language	NOUN
ftr-419	222	6	of	of	ADP
ftr-419	222	7	section	section	NOUN
ftr-419	222	8	707(c	707(c	PROPN
ftr-419	222	9	)	)	PUNCT
ftr-419	222	10	limiting	limit	VERB
ftr-419	222	11	nonpartner	nonpartner	ADJ
ftr-419	222	12	treatment	treatment	NOUN
ftr-419	222	13	to	to	ADP
ftr-419	222	14	three	three	NUM
ftr-419	222	15	code	code	NOUN
ftr-419	222	16	provisions	provision	NOUN
ftr-419	222	17	,	,	PUNCT
ftr-419	222	18	the	the	DET
ftr-419	222	19	regulations	regulation	NOUN
ftr-419	222	20	describe	describe	VERB
ftr-419	222	21	several	several	ADJ
ftr-419	222	22	other	other	ADJ
ftr-419	222	23	statutory	statutory	ADJ
ftr-419	222	24	provisions	provision	NOUN
ftr-419	222	25	for	for	ADP
ftr-419	222	26	purposes	purpose	NOUN
ftr-419	222	27	of	of	ADP
ftr-419	222	28	which	which	PRON
ftr-419	222	29	a	a	DET
ftr-419	222	30	guaranteed	guarantee	VERB
ftr-419	222	31	payment	payment	NOUN
ftr-419	222	32	is	be	AUX
ftr-419	222	33	not	not	PART
ftr-419	222	34	43	43	NUM
ftr-419	222	35	.	.	PUNCT
ftr-419	223	1	regs	regs	PROPN
ftr-419	223	2	.	.	PUNCT
ftr-419	224	1	§	§	PROPN
ftr-419	224	2	1.707	1.707	NUM
ftr-419	224	3	-	-	SYM
ftr-419	224	4	1(c	1(c	NUM
ftr-419	224	5	)	)	PUNCT
ftr-419	224	6	.	.	PUNCT
ftr-419	225	1	in	in	ADP
ftr-419	225	2	a	a	DET
ftr-419	225	3	much	much	ADV
ftr-419	225	4	criticized	criticize	VERB
ftr-419	225	5	decision	decision	NOUN
ftr-419	225	6	of	of	ADP
ftr-419	225	7	the	the	DET
ftr-419	225	8	fifth	fifth	ADJ
ftr-419	225	9	circuit	circuit	NOUN
ftr-419	225	10	,	,	PUNCT
ftr-419	225	11	the	the	DET
ftr-419	225	12	court	court	NOUN
ftr-419	225	13	held	hold	VERB
ftr-419	225	14	that	that	SCONJ
ftr-419	225	15	a	a	DET
ftr-419	225	16	partner	partner	NOUN
ftr-419	225	17	who	who	PRON
ftr-419	225	18	deals	deal	VERB
ftr-419	225	19	with	with	ADP
ftr-419	225	20	the	the	DET
ftr-419	225	21	partnership	partnership	NOUN
ftr-419	225	22	in	in	ADP
ftr-419	225	23	a	a	DET
ftr-419	225	24	capacity	capacity	NOUN
ftr-419	225	25	other	other	ADJ
ftr-419	225	26	than	than	ADP
ftr-419	225	27	that	that	PRON
ftr-419	225	28	of	of	ADP
ftr-419	225	29	a	a	DET
ftr-419	225	30	partner	partner	NOUN
ftr-419	225	31	can	can	AUX
ftr-419	225	32	be	be	AUX
ftr-419	225	33	treated	treat	VERB
ftr-419	225	34	as	as	ADP
ftr-419	225	35	an	an	DET
ftr-419	225	36	employee	employee	NOUN
ftr-419	225	37	for	for	ADP
ftr-419	225	38	purposes	purpose	NOUN
ftr-419	225	39	of	of	ADP
ftr-419	225	40	other	other	ADJ
ftr-419	225	41	provisions	provision	NOUN
ftr-419	225	42	of	of	ADP
ftr-419	225	43	the	the	DET
ftr-419	225	44	internal	internal	ADJ
ftr-419	225	45	revenue	revenue	NOUN
ftr-419	225	46	code	code	NOUN
ftr-419	225	47	,	,	PUNCT
ftr-419	225	48	but	but	CCONJ
ftr-419	225	49	the	the	DET
ftr-419	225	50	decision	decision	NOUN
ftr-419	225	51	relates	relate	VERB
ftr-419	225	52	to	to	ADP
ftr-419	225	53	a	a	DET
ftr-419	225	54	irc	irc	PROPN
ftr-419	225	55	§	§	PROPN
ftr-419	225	56	707(a	707(a	PROPN
ftr-419	225	57	)	)	PUNCT
ftr-419	225	58	relationship	relationship	NOUN
ftr-419	225	59	rather	rather	ADV
ftr-419	225	60	than	than	ADP
ftr-419	225	61	to	to	ADP
ftr-419	225	62	a	a	DET
ftr-419	225	63	irc	irc	PROPN
ftr-419	225	64	§	§	PROPN
ftr-419	225	65	707(c	707(c	PROPN
ftr-419	225	66	)	)	PUNCT
ftr-419	225	67	relationship	relationship	NOUN
ftr-419	225	68	.	.	PUNCT
ftr-419	226	1	armstrong	armstrong	PROPN
ftr-419	226	2	v.	v.	PROPN
ftr-419	226	3	phinney	phinney	PROPN
ftr-419	226	4	,	,	PUNCT
ftr-419	226	5	394	394	NUM
ftr-419	226	6	f.2d	f.2d	NUM
ftr-419	226	7	661	661	NUM
ftr-419	226	8	(	(	PUNCT
ftr-419	226	9	5th	5th	ADJ
ftr-419	226	10	cir	cir	NOUN
ftr-419	226	11	.	.	PUNCT
ftr-419	226	12	1968	1968	NUM
ftr-419	226	13	)	)	PUNCT
ftr-419	226	14	.	.	PUNCT
ftr-419	227	1	even	even	ADV
ftr-419	227	2	as	as	ADP
ftr-419	227	3	to	to	ADP
ftr-419	227	4	the	the	DET
ftr-419	227	5	fifth	fifth	ADJ
ftr-419	227	6	circuit	circuit	NOUN
ftr-419	227	7	's	's	PART
ftr-419	227	8	holding	holding	NOUN
ftr-419	227	9	under	under	ADP
ftr-419	227	10	§	§	PROPN
ftr-419	227	11	707(a	707(a	PROPN
ftr-419	227	12	)	)	PUNCT
ftr-419	227	13	,	,	PUNCT
ftr-419	227	14	the	the	DET
ftr-419	227	15	service	service	NOUN
ftr-419	227	16	has	have	AUX
ftr-419	227	17	stated	state	VERB
ftr-419	227	18	that	that	SCONJ
ftr-419	227	19	the	the	DET
ftr-419	227	20	court	court	NOUN
ftr-419	227	21	's	's	PART
ftr-419	227	22	decision	decision	NOUN
ftr-419	227	23	is	be	AUX
ftr-419	227	24	in	in	ADP
ftr-419	227	25	error	error	NOUN
ftr-419	227	26	.	.	PUNCT
ftr-419	228	1	general	general	ADJ
ftr-419	228	2	couns	couns	PROPN
ftr-419	228	3	.	.	PUNCT
ftr-419	229	1	mem	mem	PROPN
ftr-419	229	2	.	.	PUNCT
ftr-419	230	1	34,173	34,173	NUM
ftr-419	230	2	(	(	PUNCT
ftr-419	230	3	july	july	PROPN
ftr-419	230	4	25	25	NUM
ftr-419	230	5	,	,	PUNCT
ftr-419	230	6	1969	1969	NUM
ftr-419	230	7	)	)	PUNCT
ftr-419	230	8	.	.	PUNCT
ftr-419	231	1	that	that	DET
ftr-419	231	2	general	general	ADJ
ftr-419	231	3	counsel	counsel	PROPN
ftr-419	231	4	memorandum	memorandum	NOUN
ftr-419	231	5	further	further	ADJ
ftr-419	231	6	states	state	VERB
ftr-419	231	7	that	that	PRON
ftr-419	231	8	irc	irc	VERB
ftr-419	231	9	§	§	PROPN
ftr-419	231	10	707(c	707(c	PROPN
ftr-419	231	11	)	)	PUNCT
ftr-419	231	12	treats	treat	VERB
ftr-419	231	13	a	a	DET
ftr-419	231	14	guaranteed	guarantee	VERB
ftr-419	231	15	payment	payment	NOUN
ftr-419	231	16	to	to	ADP
ftr-419	231	17	a	a	DET
ftr-419	231	18	partner	partner	NOUN
ftr-419	231	19	as	as	ADP
ftr-419	231	20	having	having	AUX
ftr-419	231	21	been	be	AUX
ftr-419	231	22	made	make	VERB
ftr-419	231	23	to	to	ADP
ftr-419	231	24	an	an	DET
ftr-419	231	25	employee	employee	NOUN
ftr-419	231	26	only	only	ADV
ftr-419	231	27	for	for	ADP
ftr-419	231	28	the	the	DET
ftr-419	231	29	very	very	ADV
ftr-419	231	30	limited	limited	ADJ
ftr-419	231	31	purposes	purpose	NOUN
ftr-419	231	32	of	of	ADP
ftr-419	231	33	applying	apply	VERB
ftr-419	231	34	the	the	DET
ftr-419	231	35	three	three	NUM
ftr-419	231	36	statutory	statutory	ADJ
ftr-419	231	37	provisions	provision	NOUN
ftr-419	231	38	listed	list	VERB
ftr-419	231	39	in	in	ADP
ftr-419	231	40	irc	irc	PROPN
ftr-419	231	41	§	§	PROPN
ftr-419	231	42	707(c	707(c	PROPN
ftr-419	231	43	)	)	PUNCT
ftr-419	231	44	.	.	PUNCT
ftr-419	232	1	see	see	VERB
ftr-419	232	2	also	also	ADV
ftr-419	232	3	,	,	PUNCT
ftr-419	232	4	h.r	h.r	PROPN
ftr-419	232	5	.	.	PROPN
ftr-419	232	6	conf	conf	PROPN
ftr-419	232	7	.	.	PUNCT
ftr-419	233	1	rep	rep	PROPN
ftr-419	233	2	.	.	PROPN
ftr-419	233	3	no	no	PROPN
ftr-419	233	4	.	.	NOUN
ftr-419	234	1	83	83	NUM
ftr-419	234	2	-	-	SYM
ftr-419	234	3	2543	2543	NUM
ftr-419	234	4	,	,	PUNCT
ftr-419	234	5	at	at	ADP
ftr-419	234	6	59	59	NUM
ftr-419	234	7	(	(	PUNCT
ftr-419	234	8	1954	1954	NUM
ftr-419	234	9	)	)	PUNCT
ftr-419	234	10	,	,	PUNCT
ftr-419	234	11	reprinted	reprint	VERB
ftr-419	234	12	in	in	ADP
ftr-419	234	13	1954	1954	NUM
ftr-419	234	14	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-419	234	15	.	.	PUNCT
ftr-419	234	16	5280	5280	NUM
ftr-419	234	17	,	,	PUNCT
ftr-419	234	18	5319	5319	NUM
ftr-419	234	19	-	-	SYM
ftr-419	234	20	20	20	NUM
ftr-419	234	21	.	.	PUNCT
ftr-419	235	1	44	44	NUM
ftr-419	235	2	.	.	PUNCT
ftr-419	236	1	s.	s.	PROPN
ftr-419	236	2	rep	rep	PROPN
ftr-419	236	3	.	.	PROPN
ftr-419	237	1	no	no	PROPN
ftr-419	237	2	.	.	NOUN
ftr-419	238	1	83	83	NUM
ftr-419	238	2	-	-	SYM
ftr-419	238	3	1622	1622	NUM
ftr-419	238	4	,	,	PUNCT
ftr-419	238	5	at	at	ADP
ftr-419	238	6	94	94	NUM
ftr-419	238	7	(	(	PUNCT
ftr-419	238	8	1954	1954	NUM
ftr-419	238	9	)	)	PUNCT
ftr-419	238	10	,	,	PUNCT
ftr-419	238	11	reprinted	reprint	VERB
ftr-419	238	12	in	in	ADP
ftr-419	238	13	2	2	NUM
ftr-419	238	14	internal	internal	ADJ
ftr-419	238	15	revenue	revenue	NOUN
ftr-419	238	16	acts	act	NOUN
ftr-419	238	17	of	of	ADP
ftr-419	238	18	the	the	DET
ftr-419	238	19	united	united	PROPN
ftr-419	238	20	states	states	PROPN
ftr-419	238	21	:	:	PUNCT
ftr-419	238	22	the	the	DET
ftr-419	238	23	revenue	revenue	NOUN
ftr-419	238	24	act	act	NOUN
ftr-419	238	25	of	of	ADP
ftr-419	238	26	1954	1954	NUM
ftr-419	238	27	with	with	ADP
ftr-419	238	28	legislative	legislative	ADJ
ftr-419	238	29	histories	history	NOUN
ftr-419	238	30	and	and	CCONJ
ftr-419	238	31	congressional	congressional	ADJ
ftr-419	238	32	documents	document	NOUN
ftr-419	238	33	(	(	PUNCT
ftr-419	238	34	bernard	bernard	PROPN
ftr-419	238	35	d.	d.	PROPN
ftr-419	238	36	reams	reams	PROPN
ftr-419	238	37	,	,	PUNCT
ftr-419	238	38	jr	jr	PROPN
ftr-419	238	39	.	.	PUNCT
ftr-419	239	1	ed	ed	NOUN
ftr-419	239	2	.	.	PROPN
ftr-419	239	3	,	,	PUNCT
ftr-419	239	4	1982	1982	NUM
ftr-419	239	5	)	)	PUNCT
ftr-419	239	6	.	.	PUNCT
ftr-419	240	1	45	45	NUM
ftr-419	240	2	.	.	PUNCT
ftr-419	241	1	accordingly	accordingly	ADV
ftr-419	241	2	,	,	PUNCT
ftr-419	241	3	the	the	DET
ftr-419	241	4	timing	timing	NOUN
ftr-419	241	5	for	for	ADP
ftr-419	241	6	reporting	report	VERB
ftr-419	241	7	income	income	NOUN
ftr-419	241	8	and	and	CCONJ
ftr-419	241	9	deductions	deduction	NOUN
ftr-419	241	10	from	from	ADP
ftr-419	241	11	a	a	DET
ftr-419	241	12	§	§	PROPN
ftr-419	241	13	707(a	707(a	PROPN
ftr-419	241	14	)	)	PUNCT
ftr-419	241	15	salary	salary	NOUN
ftr-419	241	16	payment	payment	NOUN
ftr-419	241	17	is	be	AUX
ftr-419	241	18	determined	determine	VERB
ftr-419	241	19	by	by	ADP
ftr-419	241	20	the	the	DET
ftr-419	241	21	accounting	accounting	NOUN
ftr-419	241	22	method	method	NOUN
ftr-419	241	23	employed	employ	VERB
ftr-419	241	24	by	by	ADP
ftr-419	241	25	the	the	DET
ftr-419	241	26	partner	partner	NOUN
ftr-419	241	27	.	.	PUNCT
ftr-419	242	1	irc	irc	PROPN
ftr-419	242	2	§	§	PROPN
ftr-419	242	3	267(a)(2	267(a)(2	PROPN
ftr-419	242	4	)	)	PUNCT
ftr-419	242	5	,	,	PUNCT
ftr-419	242	6	(	(	PUNCT
ftr-419	242	7	e)(1	e)(1	NOUN
ftr-419	242	8	)	)	PUNCT
ftr-419	242	9	.	.	PUNCT
ftr-419	243	1	see	see	VERB
ftr-419	243	2	lind	lind	PROPN
ftr-419	243	3	,	,	PUNCT
ftr-419	243	4	supra	supra	PROPN
ftr-419	243	5	note	note	NOUN
ftr-419	243	6	2	2	NUM
ftr-419	243	7	,	,	PUNCT
ftr-419	243	8	at	at	ADP
ftr-419	243	9	226	226	NUM
ftr-419	243	10	-	-	SYM
ftr-419	243	11	227	227	NUM
ftr-419	243	12	.	.	PUNCT
ftr-419	244	1	[	[	X
ftr-419	244	2	vol6:5	vol6:5	NOUN
ftr-419	244	3	guaranteed	guarantee	VERB
ftr-419	244	4	payments	payment	NOUN
ftr-419	244	5	made	make	VERB
ftr-419	244	6	in	in	ADP
ftr-419	244	7	kind	kind	NOUN
ftr-419	244	8	by	by	ADP
ftr-419	244	9	a	a	DET
ftr-419	244	10	partnership	partnership	NOUN
ftr-419	244	11	treated	treat	VERB
ftr-419	244	12	as	as	ADP
ftr-419	244	13	a	a	DET
ftr-419	244	14	distribution	distribution	NOUN
ftr-419	244	15	to	to	ADP
ftr-419	244	16	a	a	DET
ftr-419	244	17	partner.6	partner.6	NOUN
ftr-419	244	18	the	the	DET
ftr-419	244	19	regulation	regulation	NOUN
ftr-419	244	20	under	under	ADP
ftr-419	244	21	section	section	NOUN
ftr-419	244	22	707(c	707(c	PROPN
ftr-419	244	23	)	)	PUNCT
ftr-419	244	24	itself	itself	PRON
ftr-419	244	25	states	state	VERB
ftr-419	244	26	that	that	SCONJ
ftr-419	244	27	a	a	DET
ftr-419	244	28	guaranteed	guarantee	VERB
ftr-419	244	29	payment	payment	NOUN
ftr-419	244	30	is	be	AUX
ftr-419	244	31	not	not	PART
ftr-419	244	32	taken	take	VERB
ftr-419	244	33	into	into	ADP
ftr-419	244	34	account	account	NOUN
ftr-419	244	35	in	in	ADP
ftr-419	244	36	determining	determine	VERB
ftr-419	244	37	a	a	DET
ftr-419	244	38	partner	partner	NOUN
ftr-419	244	39	's	's	PART
ftr-419	244	40	percentage	percentage	NOUN
ftr-419	244	41	interest	interest	NOUN
ftr-419	244	42	in	in	ADP
ftr-419	244	43	partnership	partnership	NOUN
ftr-419	244	44	profits	profit	NOUN
ftr-419	244	45	for	for	ADP
ftr-419	244	46	purposes	purpose	NOUN
ftr-419	244	47	of	of	ADP
ftr-419	244	48	sections	section	NOUN
ftr-419	244	49	706	706	NUM
ftr-419	244	50	,	,	PUNCT
ftr-419	244	51	707	707	NUM
ftr-419	244	52	,	,	PUNCT
ftr-419	244	53	and	and	CCONJ
ftr-419	244	54	708	708	NUM
ftr-419	244	55	,	,	PUNCT
ftr-419	244	56	even	even	ADV
ftr-419	244	57	though	though	SCONJ
ftr-419	244	58	those	those	DET
ftr-419	244	59	sections	section	NOUN
ftr-419	244	60	are	be	AUX
ftr-419	244	61	not	not	PART
ftr-419	244	62	mentioned	mention	VERB
ftr-419	244	63	in	in	ADP
ftr-419	244	64	the	the	DET
ftr-419	244	65	statute.47	statute.47	NOUN
ftr-419	244	66	a	a	DET
ftr-419	244	67	key	key	ADJ
ftr-419	244	68	question	question	NOUN
ftr-419	244	69	then	then	ADV
ftr-419	244	70	is	be	AUX
ftr-419	244	71	to	to	PART
ftr-419	244	72	what	what	DET
ftr-419	244	73	extent	extent	NOUN
ftr-419	244	74	a	a	DET
ftr-419	244	75	guaranteed	guarantee	VERB
ftr-419	244	76	payment	payment	NOUN
ftr-419	244	77	under	under	ADP
ftr-419	244	78	section	section	NOUN
ftr-419	244	79	707(c	707(c	PROPN
ftr-419	244	80	)	)	PUNCT
ftr-419	244	81	is	be	AUX
ftr-419	244	82	to	to	PART
ftr-419	244	83	be	be	AUX
ftr-419	244	84	treated	treat	VERB
ftr-419	244	85	as	as	SCONJ
ftr-419	244	86	made	make	VERB
ftr-419	244	87	to	to	ADP
ftr-419	244	88	one	one	NUM
ftr-419	244	89	who	who	PRON
ftr-419	244	90	is	be	AUX
ftr-419	244	91	not	not	PART
ftr-419	244	92	a	a	DET
ftr-419	244	93	partner	partner	NOUN
ftr-419	244	94	for	for	ADP
ftr-419	244	95	purposes	purpose	NOUN
ftr-419	244	96	other	other	ADJ
ftr-419	244	97	than	than	ADP
ftr-419	244	98	income	income	NOUN
ftr-419	244	99	recognition	recognition	NOUN
ftr-419	244	100	by	by	ADP
ftr-419	244	101	the	the	DET
ftr-419	244	102	partner	partner	NOUN
ftr-419	244	103	and	and	CCONJ
ftr-419	244	104	deductibility	deductibility	NOUN
ftr-419	244	105	by	by	ADP
ftr-419	244	106	the	the	DET
ftr-419	244	107	partnership	partnership	NOUN
ftr-419	244	108	.	.	PUNCT
ftr-419	245	1	that	that	DET
ftr-419	245	2	question	question	NOUN
ftr-419	245	3	incorporates	incorporate	VERB
ftr-419	245	4	the	the	DET
ftr-419	245	5	age	age	NOUN
ftr-419	245	6	-	-	PUNCT
ftr-419	245	7	old	old	ADJ
ftr-419	245	8	conflict	conflict	NOUN
ftr-419	245	9	of	of	ADP
ftr-419	245	10	whether	whether	SCONJ
ftr-419	245	11	a	a	DET
ftr-419	245	12	partnership	partnership	NOUN
ftr-419	245	13	should	should	AUX
ftr-419	245	14	be	be	AUX
ftr-419	245	15	treated	treat	VERB
ftr-419	245	16	as	as	ADP
ftr-419	245	17	a	a	DET
ftr-419	245	18	separate	separate	ADJ
ftr-419	245	19	entity	entity	NOUN
ftr-419	245	20	or	or	CCONJ
ftr-419	245	21	merely	merely	ADV
ftr-419	245	22	as	as	ADP
ftr-419	245	23	a	a	DET
ftr-419	245	24	representative	representative	NOUN
ftr-419	245	25	of	of	ADP
ftr-419	245	26	the	the	DET
ftr-419	245	27	aggregate	aggregate	NOUN
ftr-419	245	28	of	of	ADP
ftr-419	245	29	interests	interest	NOUN
ftr-419	245	30	of	of	ADP
ftr-419	245	31	its	its	PRON
ftr-419	245	32	partners	partner	NOUN
ftr-419	245	33	.	.	PUNCT
ftr-419	246	1	under	under	ADP
ftr-419	246	2	an	an	DET
ftr-419	246	3	aggregate	aggregate	ADJ
ftr-419	246	4	approach	approach	NOUN
ftr-419	246	5	,	,	PUNCT
ftr-419	246	6	a	a	DET
ftr-419	246	7	partnership	partnership	NOUN
ftr-419	246	8	is	be	AUX
ftr-419	246	9	treated	treat	VERB
ftr-419	246	10	as	as	ADP
ftr-419	246	11	a	a	DET
ftr-419	246	12	mere	mere	ADJ
ftr-419	246	13	conduit	conduit	NOUN
ftr-419	246	14	from	from	ADP
ftr-419	246	15	which	which	PRON
ftr-419	246	16	its	its	PRON
ftr-419	246	17	tax	tax	NOUN
ftr-419	246	18	items	item	NOUN
ftr-419	246	19	are	be	AUX
ftr-419	246	20	allocated	allocate	VERB
ftr-419	246	21	among	among	ADP
ftr-419	246	22	its	its	PRON
ftr-419	246	23	partners	partner	NOUN
ftr-419	246	24	.	.	PUNCT
ftr-419	247	1	to	to	ADP
ftr-419	247	2	the	the	DET
ftr-419	247	3	extent	extent	NOUN
ftr-419	247	4	that	that	PRON
ftr-419	247	5	section	section	NOUN
ftr-419	247	6	707(c	707(c	PROPN
ftr-419	247	7	)	)	PUNCT
ftr-419	247	8	treats	treat	VERB
ftr-419	247	9	a	a	DET
ftr-419	247	10	guaranteed	guarantee	VERB
ftr-419	247	11	payment	payment	NOUN
ftr-419	247	12	as	as	ADP
ftr-419	247	13	a	a	DET
ftr-419	247	14	partnership	partnership	NOUN
ftr-419	247	15	distribution	distribution	NOUN
ftr-419	247	16	,	,	PUNCT
ftr-419	247	17	it	it	PRON
ftr-419	247	18	accords	accord	NOUN
ftr-419	247	19	with	with	ADP
ftr-419	247	20	the	the	DET
ftr-419	247	21	aggregate	aggregate	ADJ
ftr-419	247	22	or	or	CCONJ
ftr-419	247	23	conduit	conduit	NOUN
ftr-419	247	24	approach	approach	NOUN
ftr-419	247	25	;	;	PUNCT
ftr-419	247	26	whereas	whereas	SCONJ
ftr-419	247	27	,	,	PUNCT
ftr-419	247	28	to	to	ADP
ftr-419	247	29	the	the	DET
ftr-419	247	30	extent	extent	NOUN
ftr-419	247	31	it	it	PRON
ftr-419	247	32	treats	treat	VERB
ftr-419	247	33	the	the	DET
ftr-419	247	34	payment	payment	NOUN
ftr-419	247	35	as	as	ADP
ftr-419	247	36	having	having	AUX
ftr-419	247	37	been	be	AUX
ftr-419	247	38	made	make	VERB
ftr-419	247	39	to	to	ADP
ftr-419	247	40	a	a	DET
ftr-419	247	41	stranger	stranger	NOUN
ftr-419	247	42	,	,	PUNCT
ftr-419	247	43	it	it	PRON
ftr-419	247	44	adopts	adopt	VERB
ftr-419	247	45	a	a	DET
ftr-419	247	46	separate	separate	ADJ
ftr-419	247	47	entity	entity	NOUN
ftr-419	247	48	approach	approach	NOUN
ftr-419	247	49	.	.	PUNCT
ftr-419	248	1	in	in	ADP
ftr-419	248	2	adopting	adopt	VERB
ftr-419	248	3	subchapter	subchapter	NOUN
ftr-419	248	4	k	k	PROPN
ftr-419	248	5	,	,	PUNCT
ftr-419	248	6	congress	congress	PROPN
ftr-419	248	7	decided	decide	VERB
ftr-419	248	8	that	that	SCONJ
ftr-419	248	9	it	it	PRON
ftr-419	248	10	is	be	AUX
ftr-419	248	11	not	not	PART
ftr-419	248	12	desirable	desirable	ADJ
ftr-419	248	13	to	to	PART
ftr-419	248	14	treat	treat	VERB
ftr-419	248	15	a	a	DET
ftr-419	248	16	partnership	partnership	NOUN
ftr-419	248	17	exclusively	exclusively	ADV
ftr-419	248	18	either	either	CCONJ
ftr-419	248	19	as	as	ADP
ftr-419	248	20	an	an	DET
ftr-419	248	21	entity	entity	NOUN
ftr-419	248	22	or	or	CCONJ
ftr-419	248	23	as	as	ADP
ftr-419	248	24	an	an	DET
ftr-419	248	25	aggregate	aggregate	NOUN
ftr-419	248	26	of	of	ADP
ftr-419	248	27	interests	interest	NOUN
ftr-419	248	28	.	.	PUNCT
ftr-419	249	1	instead	instead	ADV
ftr-419	249	2	,	,	PUNCT
ftr-419	249	3	in	in	ADP
ftr-419	249	4	subchapter	subchapter	NOUN
ftr-419	249	5	k	k	NOUN
ftr-419	249	6	,	,	PUNCT
ftr-419	249	7	a	a	DET
ftr-419	249	8	partnership	partnership	NOUN
ftr-419	249	9	is	be	AUX
ftr-419	249	10	treated	treat	VERB
ftr-419	249	11	as	as	ADP
ftr-419	249	12	a	a	DET
ftr-419	249	13	separate	separate	ADJ
ftr-419	249	14	entity	entity	NOUN
ftr-419	249	15	for	for	ADP
ftr-419	249	16	some	some	DET
ftr-419	249	17	purposes	purpose	NOUN
ftr-419	249	18	and	and	CCONJ
ftr-419	249	19	as	as	ADP
ftr-419	249	20	an	an	DET
ftr-419	249	21	aggregate	aggregate	NOUN
ftr-419	249	22	of	of	ADP
ftr-419	249	23	interests	interest	NOUN
ftr-419	249	24	and	and	CCONJ
ftr-419	249	25	a	a	DET
ftr-419	249	26	conduit	conduit	NOUN
ftr-419	249	27	for	for	ADP
ftr-419	249	28	other	other	ADJ
ftr-419	249	29	purposes	purpose	NOUN
ftr-419	249	30	.	.	PUNCT
ftr-419	250	1	rather	rather	ADV
ftr-419	250	2	than	than	ADP
ftr-419	250	3	slavishly	slavishly	ADV
ftr-419	250	4	adhering	adhere	VERB
ftr-419	250	5	to	to	ADP
ftr-419	250	6	consistency	consistency	NOUN
ftr-419	250	7	,	,	PUNCT
ftr-419	250	8	congress	congress	PROPN
ftr-419	250	9	chose	choose	VERB
ftr-419	250	10	a	a	DET
ftr-419	250	11	pragmatic	pragmatic	ADJ
ftr-419	250	12	approach	approach	NOUN
ftr-419	250	13	which	which	PRON
ftr-419	250	14	adopted	adopt	VERB
ftr-419	250	15	entity	entity	NOUN
ftr-419	250	16	treatment	treatment	NOUN
ftr-419	250	17	when	when	SCONJ
ftr-419	250	18	that	that	PRON
ftr-419	250	19	suited	suit	VERB
ftr-419	250	20	its	its	PRON
ftr-419	250	21	purpose	purpose	NOUN
ftr-419	250	22	and	and	CCONJ
ftr-419	250	23	aggregate	aggregate	ADJ
ftr-419	250	24	treatment	treatment	NOUN
ftr-419	250	25	when	when	SCONJ
ftr-419	250	26	that	that	PRON
ftr-419	250	27	did	do	AUX
ftr-419	250	28	so.48	so.48	VERB
ftr-419	250	29	not	not	PART
ftr-419	250	30	only	only	ADV
ftr-419	250	31	do	do	AUX
ftr-419	250	32	different	different	ADJ
ftr-419	250	33	sections	section	NOUN
ftr-419	250	34	of	of	ADP
ftr-419	250	35	the	the	DET
ftr-419	250	36	code	code	NOUN
ftr-419	250	37	reflect	reflect	VERB
ftr-419	250	38	this	this	DET
ftr-419	250	39	flexibility	flexibility	NOUN
ftr-419	250	40	,	,	PUNCT
ftr-419	250	41	but	but	CCONJ
ftr-419	250	42	even	even	ADV
ftr-419	250	43	a	a	DET
ftr-419	250	44	single	single	ADJ
ftr-419	250	45	section	section	NOUN
ftr-419	250	46	(	(	PUNCT
ftr-419	250	47	e.g.	e.g.	ADV
ftr-419	250	48	,	,	PUNCT
ftr-419	250	49	section	section	NOUN
ftr-419	250	50	751	751	NUM
ftr-419	250	51	)	)	PUNCT
ftr-419	250	52	can	can	AUX
ftr-419	250	53	apply	apply	VERB
ftr-419	250	54	entity	entity	NOUN
ftr-419	250	55	and	and	CCONJ
ftr-419	250	56	aggregate	aggregate	ADJ
ftr-419	250	57	treatment	treatment	NOUN
ftr-419	250	58	for	for	ADP
ftr-419	250	59	different	different	ADJ
ftr-419	250	60	parts	part	NOUN
ftr-419	250	61	of	of	ADP
ftr-419	250	62	the	the	DET
ftr-419	250	63	provision	provision	NOUN
ftr-419	250	64	.	.	PUNCT
ftr-419	251	1	indeed	indeed	ADV
ftr-419	251	2	,	,	PUNCT
ftr-419	251	3	as	as	SCONJ
ftr-419	251	4	noted	note	VERB
ftr-419	251	5	above	above	ADV
ftr-419	251	6	,	,	PUNCT
ftr-419	251	7	section	section	NOUN
ftr-419	251	8	707(c	707(c	PROPN
ftr-419	251	9	)	)	PUNCT
ftr-419	251	10	itself	itself	PRON
ftr-419	251	11	reflects	reflect	VERB
ftr-419	251	12	that	that	SCONJ
ftr-419	251	13	dual	dual	ADJ
ftr-419	251	14	approach	approach	NOUN
ftr-419	251	15	.	.	PUNCT
ftr-419	252	1	it	it	PRON
ftr-419	252	2	treats	treat	VERB
ftr-419	252	3	the	the	DET
ftr-419	252	4	partnership	partnership	NOUN
ftr-419	252	5	as	as	ADP
ftr-419	252	6	an	an	DET
ftr-419	252	7	entity	entity	NOUN
ftr-419	252	8	to	to	ADP
ftr-419	252	9	the	the	DET
ftr-419	252	10	extent	extent	NOUN
ftr-419	252	11	that	that	SCONJ
ftr-419	252	12	it	it	PRON
ftr-419	252	13	requires	require	VERB
ftr-419	252	14	the	the	DET
ftr-419	252	15	partner	partner	NOUN
ftr-419	252	16	to	to	PART
ftr-419	252	17	recognize	recognize	VERB
ftr-419	252	18	ordinary	ordinary	ADJ
ftr-419	252	19	income	income	NOUN
ftr-419	252	20	and	and	CCONJ
ftr-419	252	21	grants	grant	VERB
ftr-419	252	22	the	the	DET
ftr-419	252	23	partnership	partnership	NOUN
ftr-419	252	24	a	a	DET
ftr-419	252	25	deduction	deduction	NOUN
ftr-419	252	26	;	;	PUNCT
ftr-419	252	27	and	and	CCONJ
ftr-419	252	28	it	it	PRON
ftr-419	252	29	applies	apply	VERB
ftr-419	252	30	aggregate	aggregate	ADJ
ftr-419	252	31	or	or	CCONJ
ftr-419	252	32	conduit	conduit	VERB
ftr-419	252	33	treatment	treatment	NOUN
ftr-419	252	34	to	to	ADP
ftr-419	252	35	the	the	DET
ftr-419	252	36	extent	extent	NOUN
ftr-419	252	37	that	that	SCONJ
ftr-419	252	38	the	the	DET
ftr-419	252	39	payment	payment	NOUN
ftr-419	252	40	is	be	AUX
ftr-419	252	41	treated	treat	VERB
ftr-419	252	42	as	as	ADP
ftr-419	252	43	a	a	DET
ftr-419	252	44	partnership	partnership	NOUN
ftr-419	252	45	distribution	distribution	NOUN
ftr-419	252	46	.	.	PUNCT
ftr-419	253	1	there	there	PRON
ftr-419	253	2	is	be	VERB
ftr-419	253	3	no	no	DET
ftr-419	253	4	indication	indication	NOUN
ftr-419	253	5	that	that	SCONJ
ftr-419	253	6	congress	congress	PROPN
ftr-419	253	7	gave	give	VERB
ftr-419	253	8	any	any	DET
ftr-419	253	9	thought	thought	NOUN
ftr-419	253	10	to	to	ADP
ftr-419	253	11	the	the	DET
ftr-419	253	12	question	question	NOUN
ftr-419	253	13	of	of	ADP
ftr-419	253	14	the	the	DET
ftr-419	253	15	partnership	partnership	NOUN
ftr-419	253	16	's	's	PART
ftr-419	253	17	gain	gain	NOUN
ftr-419	253	18	or	or	CCONJ
ftr-419	253	19	loss	loss	NOUN
ftr-419	253	20	recognition	recognition	NOUN
ftr-419	253	21	and	and	CCONJ
ftr-419	253	22	the	the	DET
ftr-419	253	23	partner	partner	NOUN
ftr-419	253	24	's	's	PART
ftr-419	253	25	basis	basis	NOUN
ftr-419	253	26	when	when	SCONJ
ftr-419	253	27	it	it	PRON
ftr-419	253	28	adopted	adopt	VERB
ftr-419	253	29	section	section	NOUN
ftr-419	253	30	707(c	707(c	PROPN
ftr-419	253	31	)	)	PUNCT
ftr-419	253	32	.	.	PUNCT
ftr-419	254	1	one	one	NUM
ftr-419	254	2	likely	likely	ADJ
ftr-419	254	3	reason	reason	NOUN
ftr-419	254	4	for	for	ADP
ftr-419	254	5	its	its	PRON
ftr-419	254	6	failure	failure	NOUN
ftr-419	254	7	to	to	PART
ftr-419	254	8	consider	consider	VERB
ftr-419	254	9	those	those	DET
ftr-419	254	10	issues	issue	NOUN
ftr-419	254	11	is	be	AUX
ftr-419	254	12	that	that	SCONJ
ftr-419	254	13	congress	congress	PROPN
ftr-419	254	14	did	do	AUX
ftr-419	254	15	not	not	PART
ftr-419	254	16	contemplate	contemplate	VERB
ftr-419	254	17	the	the	DET
ftr-419	254	18	possibility	possibility	NOUN
ftr-419	254	19	that	that	SCONJ
ftr-419	254	20	guaranteed	guarantee	VERB
ftr-419	254	21	payments	payment	NOUN
ftr-419	254	22	would	would	AUX
ftr-419	254	23	be	be	AUX
ftr-419	254	24	made	make	VERB
ftr-419	254	25	in	in	ADP
ftr-419	254	26	kind	kind	NOUN
ftr-419	254	27	.	.	PUNCT
ftr-419	255	1	operating	operate	VERB
ftr-419	255	2	guaranteed	guarantee	VERB
ftr-419	255	3	payments	payment	NOUN
ftr-419	255	4	typically	typically	ADV
ftr-419	255	5	are	be	AUX
ftr-419	255	6	not	not	PART
ftr-419	255	7	made	make	VERB
ftr-419	255	8	in	in	ADP
ftr-419	255	9	kind	kind	NOUN
ftr-419	255	10	,	,	PUNCT
ftr-419	255	11	and	and	CCONJ
ftr-419	255	12	congress	congress	PROPN
ftr-419	255	13	likely	likely	ADV
ftr-419	255	14	did	do	AUX
ftr-419	255	15	not	not	PART
ftr-419	255	16	consider	consider	VERB
ftr-419	255	17	the	the	DET
ftr-419	255	18	consequence	consequence	NOUN
ftr-419	255	19	of	of	ADP
ftr-419	255	20	including	include	VERB
ftr-419	255	21	guaranteed	guarantee	VERB
ftr-419	255	22	payments	payment	NOUN
ftr-419	255	23	in	in	ADP
ftr-419	255	24	the	the	DET
ftr-419	255	25	characterization	characterization	NOUN
ftr-419	255	26	of	of	ADP
ftr-419	255	27	liquidating	liquidating	NOUN
ftr-419	255	28	distributions	distribution	NOUN
ftr-419	255	29	.	.	PUNCT
ftr-419	256	1	to	to	ADP
ftr-419	256	2	the	the	DET
ftr-419	256	3	46	46	NUM
ftr-419	256	4	.	.	PUNCT
ftr-419	257	1	see	see	VERB
ftr-419	257	2	infra	infra	NOUN
ftr-419	257	3	text	text	NOUN
ftr-419	257	4	accompanying	accompanying	ADJ
ftr-419	257	5	notes	note	NOUN
ftr-419	257	6	49	49	NUM
ftr-419	257	7	and	and	CCONJ
ftr-419	257	8	50	50	NUM
ftr-419	257	9	.	.	X
ftr-419	258	1	47	47	NUM
ftr-419	258	2	.	.	PUNCT
ftr-419	258	3	regs	regs	PROPN
ftr-419	258	4	.	.	PUNCT
ftr-419	259	1	§	§	PROPN
ftr-419	259	2	1.707	1.707	NUM
ftr-419	259	3	-	-	SYM
ftr-419	259	4	1(c	1(c	NUM
ftr-419	259	5	)	)	PUNCT
ftr-419	259	6	.	.	PUNCT
ftr-419	260	1	48	48	NUM
ftr-419	260	2	.	.	PUNCT
ftr-419	261	1	in	in	ADP
ftr-419	261	2	the	the	DET
ftr-419	261	3	conference	conference	NOUN
ftr-419	261	4	report	report	NOUN
ftr-419	261	5	on	on	ADP
ftr-419	261	6	the	the	DET
ftr-419	261	7	internal	internal	ADJ
ftr-419	261	8	revenue	revenue	NOUN
ftr-419	261	9	code	code	NOUN
ftr-419	261	10	of	of	ADP
ftr-419	261	11	1954	1954	NUM
ftr-419	261	12	,	,	PUNCT
ftr-419	261	13	congress	congress	PROPN
ftr-419	261	14	indicated	indicate	VERB
ftr-419	261	15	that	that	SCONJ
ftr-419	261	16	its	its	PRON
ftr-419	261	17	decision	decision	NOUN
ftr-419	261	18	to	to	PART
ftr-419	261	19	apply	apply	VERB
ftr-419	261	20	entity	entity	NOUN
ftr-419	261	21	or	or	CCONJ
ftr-419	261	22	aggregate	aggregate	ADJ
ftr-419	261	23	treatment	treatment	NOUN
ftr-419	261	24	depending	depend	VERB
ftr-419	261	25	upon	upon	SCONJ
ftr-419	261	26	which	which	PRON
ftr-419	261	27	was	be	AUX
ftr-419	261	28	more	more	ADV
ftr-419	261	29	appropriate	appropriate	ADJ
ftr-419	261	30	to	to	ADP
ftr-419	261	31	the	the	DET
ftr-419	261	32	occasion	occasion	NOUN
ftr-419	261	33	applied	apply	VERB
ftr-419	261	34	also	also	ADV
ftr-419	261	35	to	to	ADP
ftr-419	261	36	transactions	transaction	NOUN
ftr-419	261	37	between	between	ADP
ftr-419	261	38	a	a	DET
ftr-419	261	39	partnership	partnership	NOUN
ftr-419	261	40	and	and	CCONJ
ftr-419	261	41	its	its	PRON
ftr-419	261	42	partners	partner	NOUN
ftr-419	261	43	.	.	PUNCT
ftr-419	262	1	h.r	h.r	PROPN
ftr-419	262	2	.	.	PROPN
ftr-419	262	3	conf	conf	PROPN
ftr-419	262	4	.	.	PUNCT
ftr-419	263	1	rep	rep	PROPN
ftr-419	263	2	.	.	PROPN
ftr-419	263	3	no	no	PROPN
ftr-419	263	4	.	.	NOUN
ftr-419	263	5	83	83	NUM
ftr-419	263	6	-	-	SYM
ftr-419	263	7	2543	2543	NUM
ftr-419	263	8	,	,	PUNCT
ftr-419	263	9	supra	supra	PROPN
ftr-419	263	10	note	note	NOUN
ftr-419	263	11	43	43	NUM
ftr-419	263	12	,	,	PUNCT
ftr-419	263	13	at	at	ADP
ftr-419	263	14	59	59	NUM
ftr-419	263	15	,	,	PUNCT
ftr-419	263	16	reprinted	reprint	VERB
ftr-419	263	17	in	in	ADP
ftr-419	263	18	1954	1954	NUM
ftr-419	263	19	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-419	263	20	.	.	PUNCT
ftr-419	264	1	at	at	ADP
ftr-419	264	2	5319	5319	NUM
ftr-419	264	3	-	-	SYM
ftr-419	264	4	20	20	NUM
ftr-419	264	5	.	.	PUNCT
ftr-419	265	1	20041	20041	NUM
ftr-419	265	2	florida	florida	PROPN
ftr-419	265	3	tax	tax	PROPN
ftr-419	265	4	review	review	NOUN
ftr-419	265	5	extent	extent	NOUN
ftr-419	265	6	that	that	SCONJ
ftr-419	265	7	legislative	legislative	ADJ
ftr-419	265	8	intent	intent	NOUN
ftr-419	265	9	can	can	AUX
ftr-419	265	10	bear	bear	VERB
ftr-419	265	11	on	on	ADP
ftr-419	265	12	the	the	DET
ftr-419	265	13	resolution	resolution	NOUN
ftr-419	265	14	of	of	ADP
ftr-419	265	15	the	the	DET
ftr-419	265	16	instant	instant	ADJ
ftr-419	265	17	questions	question	NOUN
ftr-419	265	18	,	,	PUNCT
ftr-419	265	19	the	the	DET
ftr-419	265	20	intent	intent	NOUN
ftr-419	265	21	will	will	AUX
ftr-419	265	22	have	have	VERB
ftr-419	265	23	to	to	PART
ftr-419	265	24	be	be	AUX
ftr-419	265	25	extrapolated	extrapolate	VERB
ftr-419	265	26	from	from	ADP
ftr-419	265	27	the	the	DET
ftr-419	265	28	meager	meager	ADJ
ftr-419	265	29	history	history	NOUN
ftr-419	265	30	that	that	PRON
ftr-419	265	31	is	be	AUX
ftr-419	265	32	available	available	ADJ
ftr-419	265	33	and	and	CCONJ
ftr-419	265	34	from	from	ADP
ftr-419	265	35	the	the	DET
ftr-419	265	36	assumption	assumption	NOUN
ftr-419	265	37	that	that	SCONJ
ftr-419	265	38	congress	congress	PROPN
ftr-419	265	39	would	would	AUX
ftr-419	265	40	wish	wish	VERB
ftr-419	265	41	the	the	DET
ftr-419	265	42	statute	statute	NOUN
ftr-419	265	43	to	to	PART
ftr-419	265	44	be	be	AUX
ftr-419	265	45	construed	construe	VERB
ftr-419	265	46	in	in	ADP
ftr-419	265	47	a	a	DET
ftr-419	265	48	manner	manner	NOUN
ftr-419	265	49	that	that	PRON
ftr-419	265	50	arrived	arrive	VERB
ftr-419	265	51	at	at	ADP
ftr-419	265	52	results	result	NOUN
ftr-419	265	53	that	that	PRON
ftr-419	265	54	conform	conform	VERB
ftr-419	265	55	to	to	ADP
ftr-419	265	56	the	the	DET
ftr-419	265	57	broad	broad	ADJ
ftr-419	265	58	policies	policy	NOUN
ftr-419	265	59	that	that	PRON
ftr-419	265	60	underlie	underlie	VERB
ftr-419	265	61	subchapter	subchapter	NOUN
ftr-419	265	62	k.	k.	PROPN
ftr-419	266	1	it	it	PRON
ftr-419	266	2	seems	seem	VERB
ftr-419	266	3	clear	clear	ADJ
ftr-419	266	4	that	that	SCONJ
ftr-419	266	5	the	the	DET
ftr-419	266	6	restriction	restriction	NOUN
ftr-419	266	7	in	in	ADP
ftr-419	266	8	section	section	NOUN
ftr-419	266	9	707(c	707(c	PROPN
ftr-419	266	10	)	)	PUNCT
ftr-419	266	11	to	to	PART
ftr-419	266	12	treat	treat	VERB
ftr-419	266	13	a	a	DET
ftr-419	266	14	guaranteed	guarantee	VERB
ftr-419	266	15	payment	payment	NOUN
ftr-419	266	16	as	as	ADP
ftr-419	266	17	having	having	AUX
ftr-419	266	18	been	be	AUX
ftr-419	266	19	made	make	VERB
ftr-419	266	20	from	from	ADP
ftr-419	266	21	a	a	DET
ftr-419	266	22	separate	separate	ADJ
ftr-419	266	23	entity	entity	NOUN
ftr-419	266	24	only	only	ADV
ftr-419	266	25	for	for	ADP
ftr-419	266	26	purposes	purpose	NOUN
ftr-419	266	27	of	of	ADP
ftr-419	266	28	three	three	NUM
ftr-419	266	29	code	code	NOUN
ftr-419	266	30	sections	section	NOUN
ftr-419	266	31	can	can	AUX
ftr-419	266	32	not	not	PART
ftr-419	266	33	be	be	AUX
ftr-419	266	34	taken	take	VERB
ftr-419	266	35	at	at	ADP
ftr-419	266	36	face	face	NOUN
ftr-419	266	37	value	value	NOUN
ftr-419	266	38	.	.	PUNCT
ftr-419	267	1	while	while	SCONJ
ftr-419	267	2	there	there	PRON
ftr-419	267	3	are	be	VERB
ftr-419	267	4	many	many	ADJ
ftr-419	267	5	provisions	provision	NOUN
ftr-419	267	6	for	for	ADP
ftr-419	267	7	whose	whose	DET
ftr-419	267	8	purposes	purpose	NOUN
ftr-419	267	9	a	a	DET
ftr-419	267	10	guaranteed	guarantee	VERB
ftr-419	267	11	payment	payment	NOUN
ftr-419	267	12	is	be	AUX
ftr-419	267	13	treated	treat	VERB
ftr-419	267	14	as	as	ADP
ftr-419	267	15	a	a	DET
ftr-419	267	16	partnership	partnership	NOUN
ftr-419	267	17	distribution	distribution	NOUN
ftr-419	267	18	(	(	PUNCT
ftr-419	267	19	and	and	CCONJ
ftr-419	267	20	so	so	ADV
ftr-419	267	21	not	not	PART
ftr-419	267	22	a	a	DET
ftr-419	267	23	payment	payment	NOUN
ftr-419	267	24	from	from	ADP
ftr-419	267	25	a	a	DET
ftr-419	267	26	separate	separate	ADJ
ftr-419	267	27	entity),49	entity),49	NOUN
ftr-419	267	28	there	there	PRON
ftr-419	267	29	also	also	ADV
ftr-419	267	30	are	be	AUX
ftr-419	267	31	a	a	DET
ftr-419	267	32	number	number	NOUN
ftr-419	267	33	of	of	ADP
ftr-419	267	34	circumstances	circumstance	NOUN
ftr-419	267	35	,	,	PUNCT
ftr-419	267	36	not	not	PART
ftr-419	267	37	listed	list	VERB
ftr-419	267	38	in	in	ADP
ftr-419	267	39	the	the	DET
ftr-419	267	40	statute	statute	NOUN
ftr-419	267	41	,	,	PUNCT
ftr-419	267	42	in	in	ADP
ftr-419	267	43	which	which	PRON
ftr-419	267	44	it	it	PRON
ftr-419	267	45	is	be	AUX
ftr-419	267	46	treated	treat	VERB
ftr-419	267	47	as	as	ADP
ftr-419	267	48	a	a	DET
ftr-419	267	49	payment	payment	NOUN
ftr-419	267	50	from	from	ADP
ftr-419	267	51	a	a	DET
ftr-419	267	52	separate	separate	ADJ
ftr-419	267	53	entity	entity	NOUN
ftr-419	267	54	.	.	PUNCT
ftr-419	268	1	as	as	SCONJ
ftr-419	268	2	noted	note	VERB
ftr-419	268	3	above	above	ADV
ftr-419	268	4	,	,	PUNCT
ftr-419	268	5	the	the	DET
ftr-419	268	6	regulations	regulation	NOUN
ftr-419	268	7	under	under	ADP
ftr-419	268	8	section	section	NOUN
ftr-419	268	9	707(c	707(c	PROPN
ftr-419	268	10	)	)	PUNCT
ftr-419	268	11	list	list	VERB
ftr-419	268	12	several	several	ADJ
ftr-419	268	13	provisions	provision	NOUN
ftr-419	268	14	(	(	PUNCT
ftr-419	268	15	not	not	PART
ftr-419	268	16	listed	list	VERB
ftr-419	268	17	in	in	ADP
ftr-419	268	18	the	the	DET
ftr-419	268	19	statute	statute	NOUN
ftr-419	268	20	)	)	PUNCT
ftr-419	268	21	for	for	ADP
ftr-419	268	22	purposes	purpose	NOUN
ftr-419	268	23	of	of	ADP
ftr-419	268	24	which	which	PRON
ftr-419	268	25	the	the	DET
ftr-419	268	26	partnership	partnership	NOUN
ftr-419	268	27	is	be	AUX
ftr-419	268	28	given	give	VERB
ftr-419	268	29	entity	entity	NOUN
ftr-419	268	30	treatment	treatment	NOUN
ftr-419	268	31	in	in	ADP
ftr-419	268	32	making	make	VERB
ftr-419	268	33	a	a	DET
ftr-419	268	34	guaranteed	guarantee	VERB
ftr-419	268	35	payment.5	payment.5	NOUN
ftr-419	268	36	"	"	PUNCT
ftr-419	268	37	other	other	ADJ
ftr-419	268	38	examples	example	NOUN
ftr-419	268	39	of	of	ADP
ftr-419	268	40	entity	entity	NOUN
ftr-419	268	41	treatment	treatment	NOUN
ftr-419	268	42	exist	exist	VERB
ftr-419	268	43	.	.	PUNCT
ftr-419	269	1	for	for	ADP
ftr-419	269	2	example	example	NOUN
ftr-419	269	3	,	,	PUNCT
ftr-419	269	4	the	the	DET
ftr-419	269	5	regulatory	regulatory	ADJ
ftr-419	269	6	rules	rule	NOUN
ftr-419	269	7	under	under	ADP
ftr-419	269	8	section	section	NOUN
ftr-419	269	9	704	704	NUM
ftr-419	269	10	,	,	PUNCT
ftr-419	269	11	requiring	require	VERB
ftr-419	269	12	for	for	ADP
ftr-419	269	13	certain	certain	ADJ
ftr-419	269	14	purposes	purpose	NOUN
ftr-419	269	15	that	that	PRON
ftr-419	269	16	capital	capital	NOUN
ftr-419	269	17	accounts	account	NOUN
ftr-419	269	18	of	of	ADP
ftr-419	269	19	partners	partner	NOUN
ftr-419	269	20	be	be	AUX
ftr-419	269	21	maintained	maintain	VERB
ftr-419	269	22	in	in	ADP
ftr-419	269	23	a	a	DET
ftr-419	269	24	specified	specified	ADJ
ftr-419	269	25	manner	manner	NOUN
ftr-419	269	26	,	,	PUNCT
ftr-419	269	27	state	state	NOUN
ftr-419	269	28	that	that	SCONJ
ftr-419	269	29	a	a	DET
ftr-419	269	30	guaranteed	guarantee	VERB
ftr-419	269	31	payment	payment	NOUN
ftr-419	269	32	to	to	ADP
ftr-419	269	33	a	a	DET
ftr-419	269	34	partner	partner	NOUN
ftr-419	269	35	is	be	AUX
ftr-419	269	36	not	not	PART
ftr-419	269	37	treated	treat	VERB
ftr-419	269	38	as	as	ADP
ftr-419	269	39	a	a	DET
ftr-419	269	40	partnership	partnership	NOUN
ftr-419	269	41	distribution	distribution	NOUN
ftr-419	269	42	,	,	PUNCT
ftr-419	269	43	and	and	CCONJ
ftr-419	269	44	so	so	ADV
ftr-419	269	45	the	the	DET
ftr-419	269	46	payment	payment	NOUN
ftr-419	269	47	reduces	reduce	VERB
ftr-419	269	48	the	the	DET
ftr-419	269	49	partner	partner	NOUN
ftr-419	269	50	's	's	PART
ftr-419	269	51	capital	capital	NOUN
ftr-419	269	52	account	account	NOUN
ftr-419	269	53	only	only	ADV
ftr-419	269	54	to	to	ADP
ftr-419	269	55	the	the	DET
ftr-419	269	56	extent	extent	NOUN
ftr-419	269	57	that	that	SCONJ
ftr-419	269	58	a	a	DET
ftr-419	269	59	resulting	result	VERB
ftr-419	269	60	deduction	deduction	NOUN
ftr-419	269	61	allowed	allow	VERB
ftr-419	269	62	to	to	ADP
ftr-419	269	63	the	the	DET
ftr-419	269	64	partnership	partnership	NOUN
ftr-419	269	65	is	be	AUX
ftr-419	269	66	allocated	allocate	VERB
ftr-419	269	67	to	to	ADP
ftr-419	269	68	that	that	DET
ftr-419	269	69	partner.5	partner.5	NOUN
ftr-419	269	70	if	if	SCONJ
ftr-419	269	71	the	the	DET
ftr-419	269	72	payment	payment	NOUN
ftr-419	269	73	were	be	AUX
ftr-419	269	74	treated	treat	VERB
ftr-419	269	75	as	as	ADP
ftr-419	269	76	a	a	DET
ftr-419	269	77	partnership	partnership	NOUN
ftr-419	269	78	distribution	distribution	NOUN
ftr-419	269	79	,	,	PUNCT
ftr-419	269	80	which	which	PRON
ftr-419	269	81	is	be	AUX
ftr-419	269	82	an	an	DET
ftr-419	269	83	aggregate	aggregate	ADJ
ftr-419	269	84	or	or	CCONJ
ftr-419	269	85	conduit	conduit	NOUN
ftr-419	269	86	treatment	treatment	NOUN
ftr-419	269	87	,	,	PUNCT
ftr-419	269	88	the	the	DET
ftr-419	269	89	amount	amount	NOUN
ftr-419	269	90	of	of	ADP
ftr-419	269	91	the	the	DET
ftr-419	269	92	distribution	distribution	NOUN
ftr-419	269	93	would	would	AUX
ftr-419	269	94	reduce	reduce	VERB
ftr-419	269	95	the	the	DET
ftr-419	269	96	partner	partner	NOUN
ftr-419	269	97	's	's	PART
ftr-419	269	98	capital	capital	NOUN
ftr-419	269	99	account.52	account.52	NOUN
ftr-419	269	100	although	although	SCONJ
ftr-419	269	101	there	there	PRON
ftr-419	269	102	are	be	VERB
ftr-419	269	103	exceptions	exception	NOUN
ftr-419	269	104	to	to	ADP
ftr-419	269	105	the	the	DET
ftr-419	269	106	statutory	statutory	ADJ
ftr-419	269	107	language	language	NOUN
ftr-419	269	108	limiting	limit	VERB
ftr-419	269	109	entity	entity	NOUN
ftr-419	269	110	treatment	treatment	NOUN
ftr-419	269	111	for	for	ADP
ftr-419	269	112	guaranteed	guarantee	VERB
ftr-419	269	113	payments	payment	NOUN
ftr-419	269	114	to	to	ADP
ftr-419	269	115	three	three	NUM
ftr-419	269	116	code	code	NOUN
ftr-419	269	117	sections	section	NOUN
ftr-419	269	118	,	,	PUNCT
ftr-419	269	119	the	the	DET
ftr-419	269	120	statutory	statutory	ADJ
ftr-419	269	121	limitation	limitation	NOUN
ftr-419	269	122	creates	create	VERB
ftr-419	269	123	a	a	DET
ftr-419	269	124	presumption	presumption	NOUN
ftr-419	269	125	that	that	SCONJ
ftr-419	269	126	,	,	PUNCT
ftr-419	269	127	for	for	ADP
ftr-419	269	128	purposes	purpose	NOUN
ftr-419	269	129	other	other	ADJ
ftr-419	269	130	than	than	ADP
ftr-419	269	131	those	those	DET
ftr-419	269	132	three	three	NUM
ftr-419	269	133	code	code	NOUN
ftr-419	269	134	sections	section	NOUN
ftr-419	269	135	,	,	PUNCT
ftr-419	269	136	the	the	DET
ftr-419	269	137	payment	payment	NOUN
ftr-419	269	138	will	will	AUX
ftr-419	269	139	be	be	AUX
ftr-419	269	140	treated	treat	VERB
ftr-419	269	141	as	as	ADP
ftr-419	269	142	a	a	DET
ftr-419	269	143	partnership	partnership	NOUN
ftr-419	269	144	distribution	distribution	NOUN
ftr-419	269	145	;	;	PUNCT
ftr-419	269	146	and	and	CCONJ
ftr-419	269	147	so	so	ADV
ftr-419	269	148	there	there	PRON
ftr-419	269	149	is	be	VERB
ftr-419	269	150	a	a	DET
ftr-419	269	151	burden	burden	NOUN
ftr-419	269	152	on	on	ADP
ftr-419	269	153	those	those	PRON
ftr-419	269	154	who	who	PRON
ftr-419	269	155	would	would	AUX
ftr-419	269	156	seek	seek	VERB
ftr-419	269	157	to	to	PART
ftr-419	269	158	expand	expand	VERB
ftr-419	269	159	the	the	DET
ftr-419	269	160	entity	entity	NOUN
ftr-419	269	161	treatment	treatment	NOUN
ftr-419	269	162	to	to	PART
ftr-419	269	163	demonstrate	demonstrate	VERB
ftr-419	269	164	that	that	SCONJ
ftr-419	269	165	there	there	PRON
ftr-419	269	166	is	be	VERB
ftr-419	269	167	a	a	DET
ftr-419	269	168	compelling	compelling	ADJ
ftr-419	269	169	reason	reason	NOUN
ftr-419	269	170	to	to	PART
ftr-419	269	171	do	do	VERB
ftr-419	269	172	so	so	ADV
ftr-419	269	173	.	.	PUNCT
ftr-419	270	1	one	one	NUM
ftr-419	270	2	of	of	ADP
ftr-419	270	3	the	the	DET
ftr-419	270	4	reasons	reason	NOUN
ftr-419	270	5	,	,	PUNCT
ftr-419	270	6	but	but	CCONJ
ftr-419	270	7	not	not	PART
ftr-419	270	8	the	the	DET
ftr-419	270	9	only	only	ADJ
ftr-419	270	10	one	one	NUM
ftr-419	270	11	,	,	PUNCT
ftr-419	270	12	that	that	SCONJ
ftr-419	270	13	the	the	DET
ftr-419	270	14	authors	author	NOUN
ftr-419	270	15	have	have	AUX
ftr-419	270	16	concluded	conclude	VERB
ftr-419	270	17	that	that	SCONJ
ftr-419	270	18	a	a	DET
ftr-419	270	19	partnership	partnership	NOUN
ftr-419	270	20	does	do	AUX
ftr-419	270	21	not	not	PART
ftr-419	270	22	recognize	recognize	VERB
ftr-419	270	23	gain	gain	NOUN
ftr-419	270	24	or	or	CCONJ
ftr-419	270	25	loss	loss	NOUN
ftr-419	270	26	on	on	ADP
ftr-419	270	27	making	make	VERB
ftr-419	270	28	a	a	DET
ftr-419	270	29	guaranteed	guarantee	VERB
ftr-419	270	30	payment	payment	NOUN
ftr-419	270	31	in	in	ADP
ftr-419	270	32	kind	kind	NOUN
ftr-419	270	33	is	be	AUX
ftr-419	270	34	that	that	SCONJ
ftr-419	270	35	there	there	PRON
ftr-419	270	36	is	be	VERB
ftr-419	270	37	no	no	DET
ftr-419	270	38	compelling	compelling	ADJ
ftr-419	270	39	reason	reason	NOUN
ftr-419	270	40	to	to	PART
ftr-419	270	41	depart	depart	VERB
ftr-419	270	42	from	from	ADP
ftr-419	270	43	the	the	DET
ftr-419	270	44	statutory	statutory	ADJ
ftr-419	270	45	limitation	limitation	NOUN
ftr-419	270	46	on	on	ADP
ftr-419	270	47	entity	entity	NOUN
ftr-419	270	48	treatment	treatment	NOUN
ftr-419	270	49	in	in	ADP
ftr-419	270	50	that	that	DET
ftr-419	270	51	case	case	NOUN
ftr-419	270	52	.	.	PUNCT
ftr-419	271	1	that	that	PRON
ftr-419	271	2	is	be	AUX
ftr-419	271	3	,	,	PUNCT
ftr-419	271	4	as	as	SCONJ
ftr-419	271	5	we	we	PRON
ftr-419	271	6	will	will	AUX
ftr-419	271	7	show	show	VERB
ftr-419	271	8	later	later	ADV
ftr-419	271	9	,	,	PUNCT
ftr-419	271	10	the	the	DET
ftr-419	271	11	non	non	ADJ
ftr-419	271	12	-	-	ADJ
ftr-419	271	13	entity	entity	ADJ
ftr-419	271	14	treatment	treatment	NOUN
ftr-419	271	15	of	of	ADP
ftr-419	271	16	not	not	PART
ftr-419	271	17	recognizing	recognize	VERB
ftr-419	271	18	a	a	DET
ftr-419	271	19	gain	gain	NOUN
ftr-419	271	20	or	or	CCONJ
ftr-419	271	21	loss	loss	NOUN
ftr-419	271	22	not	not	PART
ftr-419	271	23	only	only	ADV
ftr-419	271	24	does	do	AUX
ftr-419	271	25	not	not	PART
ftr-419	271	26	conflict	conflict	VERB
ftr-419	271	27	with	with	ADP
ftr-419	271	28	any	any	PRON
ftr-419	271	29	of	of	ADP
ftr-419	271	30	the	the	DET
ftr-419	271	31	policies	policy	NOUN
ftr-419	271	32	of	of	ADP
ftr-419	271	33	subchapter	subchapter	NOUN
ftr-419	271	34	k	k	NOUN
ftr-419	271	35	or	or	CCONJ
ftr-419	271	36	provide	provide	VERB
ftr-419	271	37	a	a	DET
ftr-419	271	38	means	mean	NOUN
ftr-419	271	39	for	for	ADP
ftr-419	271	40	escaping	escape	VERB
ftr-419	271	41	from	from	ADP
ftr-419	271	42	potential	potential	ADJ
ftr-419	271	43	tax	tax	NOUN
ftr-419	271	44	liability	liability	NOUN
ftr-419	271	45	,	,	PUNCT
ftr-419	271	46	but	but	CCONJ
ftr-419	271	47	rather	rather	ADV
ftr-419	271	48	implements	implement	VERB
ftr-419	271	49	one	one	NUM
ftr-419	271	50	of	of	ADP
ftr-419	271	51	the	the	DET
ftr-419	271	52	prime	prime	ADJ
ftr-419	271	53	principles	principle	NOUN
ftr-419	271	54	of	of	ADP
ftr-419	271	55	subchapter	subchapter	NOUN
ftr-419	271	56	k	k	NOUN
ftr-419	271	57	,	,	PUNCT
ftr-419	271	58	i.e.	i.e.	X
ftr-419	271	59	,	,	PUNCT
ftr-419	271	60	the	the	DET
ftr-419	271	61	49	49	NUM
ftr-419	271	62	.	.	PUNCT
ftr-419	272	1	for	for	ADP
ftr-419	272	2	example	example	NOUN
ftr-419	272	3	,	,	PUNCT
ftr-419	272	4	a	a	DET
ftr-419	272	5	guaranteed	guarantee	VERB
ftr-419	272	6	payment	payment	NOUN
ftr-419	272	7	is	be	AUX
ftr-419	272	8	not	not	PART
ftr-419	272	9	subject	subject	ADJ
ftr-419	272	10	to	to	ADP
ftr-419	272	11	employment	employment	NOUN
ftr-419	272	12	taxes	taxis	NOUN
ftr-419	272	13	or	or	CCONJ
ftr-419	272	14	withholding	withholding	NOUN
ftr-419	272	15	,	,	PUNCT
ftr-419	272	16	and	and	CCONJ
ftr-419	272	17	so	so	ADV
ftr-419	272	18	is	be	AUX
ftr-419	272	19	treated	treat	VERB
ftr-419	272	20	as	as	ADP
ftr-419	272	21	a	a	DET
ftr-419	272	22	partnership	partnership	NOUN
ftr-419	272	23	distribution	distribution	NOUN
ftr-419	272	24	for	for	ADP
ftr-419	272	25	those	those	DET
ftr-419	272	26	purposes	purpose	NOUN
ftr-419	272	27	.	.	PUNCT
ftr-419	273	1	regs	reg	NOUN
ftr-419	273	2	.	.	PUNCT
ftr-419	274	1	§	§	PROPN
ftr-419	274	2	1.707	1.707	NUM
ftr-419	274	3	-	-	SYM
ftr-419	274	4	1(c	1(c	NUM
ftr-419	274	5	)	)	PUNCT
ftr-419	274	6	.	.	PUNCT
ftr-419	275	1	instead	instead	ADV
ftr-419	275	2	,	,	PUNCT
ftr-419	275	3	a	a	DET
ftr-419	275	4	guaranteed	guarantee	VERB
ftr-419	275	5	payment	payment	NOUN
ftr-419	275	6	made	make	VERB
ftr-419	275	7	for	for	ADP
ftr-419	275	8	services	service	NOUN
ftr-419	275	9	is	be	AUX
ftr-419	275	10	treated	treat	VERB
ftr-419	275	11	as	as	ADP
ftr-419	275	12	self	self	NOUN
ftr-419	275	13	-	-	PUNCT
ftr-419	275	14	employed	employ	VERB
ftr-419	275	15	income	income	NOUN
ftr-419	275	16	of	of	ADP
ftr-419	275	17	the	the	DET
ftr-419	275	18	partner	partner	NOUN
ftr-419	275	19	.	.	PUNCT
ftr-419	276	1	irc	irc	PROPN
ftr-419	276	2	§	§	PROPN
ftr-419	276	3	1402(a)(13	1402(a)(13	NUM
ftr-419	276	4	)	)	PUNCT
ftr-419	276	5	;	;	PUNCT
ftr-419	276	6	regs	reg	NOUN
ftr-419	276	7	.	.	PUNCT
ftr-419	277	1	§	§	PROPN
ftr-419	277	2	1.1402(a)-l(b	1.1402(a)-l(b	NUM
ftr-419	277	3	)	)	PUNCT
ftr-419	277	4	.	.	PUNCT
ftr-419	278	1	50	50	NUM
ftr-419	278	2	.	.	PUNCT
ftr-419	278	3	regs	reg	NOUN
ftr-419	278	4	.	.	PUNCT
ftr-419	279	1	§	§	PROPN
ftr-419	279	2	1.707	1.707	NUM
ftr-419	279	3	-	-	SYM
ftr-419	279	4	1(c	1(c	NUM
ftr-419	279	5	)	)	PUNCT
ftr-419	279	6	.	.	PUNCT
ftr-419	280	1	see	see	VERB
ftr-419	280	2	supra	supra	ADJ
ftr-419	280	3	text	text	NOUN
ftr-419	280	4	accompanying	accompanying	ADJ
ftr-419	280	5	note	note	NOUN
ftr-419	280	6	43	43	NUM
ftr-419	280	7	.	.	PUNCT
ftr-419	281	1	51	51	NUM
ftr-419	281	2	.	.	PUNCT
ftr-419	281	3	regs	regs	PROPN
ftr-419	281	4	.	.	PUNCT
ftr-419	282	1	§	§	PROPN
ftr-419	282	2	1.704	1.704	NUM
ftr-419	282	3	-	-	NUM
ftr-419	282	4	1(b)(2)(iv)(o	1(b)(2)(iv)(o	NUM
ftr-419	282	5	)	)	PUNCT
ftr-419	282	6	.	.	PUNCT
ftr-419	283	1	52	52	NUM
ftr-419	283	2	.	.	PUNCT
ftr-419	283	3	regs	regs	PROPN
ftr-419	283	4	.	.	PUNCT
ftr-419	284	1	§	§	PROPN
ftr-419	284	2	1.704	1.704	NUM
ftr-419	284	3	-	-	NUM
ftr-419	284	4	1(b)(2)(iv)(b	1(b)(2)(iv)(b	NUM
ftr-419	284	5	)	)	PUNCT
ftr-419	284	6	.	.	PUNCT
ftr-419	285	1	[	[	X
ftr-419	285	2	vol6:5	vol6:5	NOUN
ftr-419	285	3	guaranteed	guarantee	VERB
ftr-419	285	4	payments	payment	NOUN
ftr-419	285	5	made	make	VERB
ftr-419	285	6	in	in	ADP
ftr-419	285	7	kind	kind	NOUN
ftr-419	285	8	by	by	ADP
ftr-419	285	9	a	a	DET
ftr-419	285	10	partnership	partnership	NOUN
ftr-419	285	11	principle	principle	NOUN
ftr-419	285	12	that	that	SCONJ
ftr-419	285	13	in	in	ADP
ftr-419	285	14	transactions	transaction	NOUN
ftr-419	285	15	between	between	ADP
ftr-419	285	16	a	a	DET
ftr-419	285	17	partner	partner	NOUN
ftr-419	285	18	and	and	CCONJ
ftr-419	285	19	a	a	DET
ftr-419	285	20	partnership	partnership	NOUN
ftr-419	285	21	,	,	PUNCT
ftr-419	285	22	recognition	recognition	NOUN
ftr-419	285	23	of	of	ADP
ftr-419	285	24	gain	gain	NOUN
ftr-419	285	25	or	or	CCONJ
ftr-419	285	26	loss	loss	NOUN
ftr-419	285	27	should	should	AUX
ftr-419	285	28	be	be	AUX
ftr-419	285	29	deferred	defer	VERB
ftr-419	285	30	to	to	ADP
ftr-419	285	31	a	a	DET
ftr-419	285	32	later	later	ADJ
ftr-419	285	33	date	date	NOUN
ftr-419	285	34	.	.	PUNCT
ftr-419	286	1	nonrecognition	nonrecognition	NOUN
ftr-419	286	2	of	of	ADP
ftr-419	286	3	gain	gain	NOUN
ftr-419	286	4	does	do	AUX
ftr-419	286	5	create	create	VERB
ftr-419	286	6	one	one	NUM
ftr-419	286	7	relatively	relatively	ADV
ftr-419	286	8	minor	minor	ADJ
ftr-419	286	9	potential	potential	NOUN
ftr-419	286	10	for	for	ADP
ftr-419	286	11	tax	tax	NOUN
ftr-419	286	12	reduction	reduction	NOUN
ftr-419	286	13	that	that	PRON
ftr-419	286	14	is	be	AUX
ftr-419	286	15	discussed	discuss	VERB
ftr-419	286	16	in	in	ADP
ftr-419	286	17	part	part	NOUN
ftr-419	287	1	v.b	v.b	PROPN
ftr-419	287	2	.	.	PROPN
ftr-419	288	1	in	in	ADP
ftr-419	288	2	the	the	DET
ftr-419	288	3	view	view	NOUN
ftr-419	288	4	of	of	ADP
ftr-419	288	5	the	the	DET
ftr-419	288	6	authors	author	NOUN
ftr-419	288	7	,	,	PUNCT
ftr-419	288	8	that	that	DET
ftr-419	288	9	potential	potential	NOUN
ftr-419	288	10	is	be	AUX
ftr-419	288	11	not	not	PART
ftr-419	288	12	of	of	ADP
ftr-419	288	13	sufficient	sufficient	ADJ
ftr-419	288	14	significance	significance	NOUN
ftr-419	288	15	to	to	PART
ftr-419	288	16	warrant	warrant	VERB
ftr-419	288	17	departing	depart	VERB
ftr-419	288	18	from	from	ADP
ftr-419	288	19	the	the	DET
ftr-419	288	20	normal	normal	ADJ
ftr-419	288	21	subchapter	subchapter	NOUN
ftr-419	288	22	k	k	PROPN
ftr-419	288	23	design	design	NOUN
ftr-419	288	24	for	for	ADP
ftr-419	288	25	nonrecognition	nonrecognition	NOUN
ftr-419	288	26	or	or	CCONJ
ftr-419	288	27	from	from	ADP
ftr-419	288	28	the	the	DET
ftr-419	288	29	express	express	ADJ
ftr-419	288	30	statutory	statutory	ADJ
ftr-419	288	31	limitation	limitation	NOUN
ftr-419	288	32	in	in	ADP
ftr-419	288	33	section	section	NOUN
ftr-419	288	34	707(c	707(c	PROPN
ftr-419	288	35	)	)	PUNCT
ftr-419	288	36	.	.	PUNCT
ftr-419	289	1	a.	a.	NOUN
ftr-419	289	2	effect	effect	NOUN
ftr-419	289	3	on	on	ADP
ftr-419	289	4	outside	outside	ADJ
ftr-419	289	5	basis	basis	NOUN
ftr-419	289	6	of	of	ADP
ftr-419	289	7	a	a	DET
ftr-419	289	8	guaranteed	guarantee	VERB
ftr-419	289	9	payment	payment	NOUN
ftr-419	289	10	made	make	VERB
ftr-419	289	11	in	in	ADP
ftr-419	289	12	cash	cash	NOUN
ftr-419	289	13	as	as	SCONJ
ftr-419	289	14	noted	note	VERB
ftr-419	289	15	above	above	ADV
ftr-419	289	16	,	,	PUNCT
ftr-419	289	17	not	not	PART
ftr-419	289	18	all	all	PRON
ftr-419	289	19	of	of	ADP
ftr-419	289	20	the	the	DET
ftr-419	289	21	circumstances	circumstance	NOUN
ftr-419	289	22	in	in	ADP
ftr-419	289	23	which	which	PRON
ftr-419	289	24	entity	entity	NOUN
ftr-419	289	25	treatment	treatment	NOUN
ftr-419	289	26	is	be	AUX
ftr-419	289	27	applied	apply	VERB
ftr-419	289	28	to	to	ADP
ftr-419	289	29	guaranteed	guarantee	VERB
ftr-419	289	30	payments	payment	NOUN
ftr-419	289	31	are	be	AUX
ftr-419	289	32	set	set	VERB
ftr-419	289	33	forth	forth	ADV
ftr-419	289	34	in	in	ADP
ftr-419	289	35	the	the	DET
ftr-419	289	36	statute	statute	NOUN
ftr-419	289	37	or	or	CCONJ
ftr-419	289	38	the	the	DET
ftr-419	289	39	regulations	regulation	NOUN
ftr-419	289	40	.	.	PUNCT
ftr-419	290	1	entity	entity	NOUN
ftr-419	290	2	treatment	treatment	NOUN
ftr-419	290	3	should	should	AUX
ftr-419	290	4	prevail	prevail	VERB
ftr-419	290	5	in	in	ADP
ftr-419	290	6	circumstances	circumstance	NOUN
ftr-419	290	7	where	where	SCONJ
ftr-419	290	8	failure	failure	NOUN
ftr-419	290	9	to	to	PART
ftr-419	290	10	do	do	AUX
ftr-419	290	11	so	so	ADV
ftr-419	290	12	would	would	AUX
ftr-419	290	13	produce	produce	VERB
ftr-419	290	14	unsavory	unsavory	ADJ
ftr-419	290	15	consequences	consequence	NOUN
ftr-419	290	16	.	.	PUNCT
ftr-419	291	1	no	no	DET
ftr-419	291	2	statute	statute	NOUN
ftr-419	291	3	should	should	AUX
ftr-419	291	4	be	be	AUX
ftr-419	291	5	construed	construe	VERB
ftr-419	291	6	in	in	ADP
ftr-419	291	7	such	such	ADJ
ftr-419	291	8	manner	manner	NOUN
ftr-419	291	9	as	as	SCONJ
ftr-419	291	10	to	to	PART
ftr-419	291	11	lead	lead	VERB
ftr-419	291	12	to	to	ADP
ftr-419	291	13	results	result	NOUN
ftr-419	291	14	that	that	PRON
ftr-419	291	15	fly	fly	VERB
ftr-419	291	16	in	in	ADP
ftr-419	291	17	the	the	DET
ftr-419	291	18	face	face	NOUN
ftr-419	291	19	of	of	ADP
ftr-419	291	20	reason	reason	NOUN
ftr-419	291	21	.	.	PUNCT
ftr-419	292	1	for	for	ADP
ftr-419	292	2	example	example	NOUN
ftr-419	292	3	,	,	PUNCT
ftr-419	292	4	consider	consider	VERB
ftr-419	292	5	the	the	DET
ftr-419	292	6	effect	effect	NOUN
ftr-419	292	7	that	that	SCONJ
ftr-419	292	8	a	a	DET
ftr-419	292	9	guaranteed	guarantee	VERB
ftr-419	292	10	payment	payment	NOUN
ftr-419	292	11	that	that	PRON
ftr-419	292	12	was	be	AUX
ftr-419	292	13	made	make	VERB
ftr-419	292	14	in	in	ADP
ftr-419	292	15	cash	cash	NOUN
ftr-419	292	16	has	have	AUX
ftr-419	292	17	on	on	ADP
ftr-419	292	18	the	the	DET
ftr-419	292	19	partner	partner	NOUN
ftr-419	292	20	's	's	PART
ftr-419	292	21	outside	outside	ADJ
ftr-419	292	22	basis	basis	NOUN
ftr-419	292	23	in	in	ADP
ftr-419	292	24	his	his	PRON
ftr-419	292	25	partnership	partnership	NOUN
ftr-419	292	26	interest	interest	NOUN
ftr-419	292	27	.	.	PUNCT
ftr-419	293	1	sections	section	NOUN
ftr-419	293	2	705(a)(2	705(a)(2	NOUN
ftr-419	293	3	)	)	PUNCT
ftr-419	293	4	and	and	CCONJ
ftr-419	293	5	733	733	NUM
ftr-419	293	6	require	require	VERB
ftr-419	293	7	that	that	SCONJ
ftr-419	293	8	a	a	DET
ftr-419	293	9	partner	partner	NOUN
ftr-419	293	10	's	's	PART
ftr-419	293	11	outside	outside	ADJ
ftr-419	293	12	basis	basis	NOUN
ftr-419	293	13	in	in	ADP
ftr-419	293	14	his	his	PRON
ftr-419	293	15	partnership	partnership	NOUN
ftr-419	293	16	interest	interest	NOUN
ftr-419	293	17	be	be	AUX
ftr-419	293	18	reduced	reduce	VERB
ftr-419	293	19	(	(	PUNCT
ftr-419	293	20	but	but	CCONJ
ftr-419	293	21	not	not	PART
ftr-419	293	22	below	below	ADP
ftr-419	293	23	zero	zero	NUM
ftr-419	293	24	)	)	PUNCT
ftr-419	293	25	by	by	ADP
ftr-419	293	26	the	the	DET
ftr-419	293	27	amount	amount	NOUN
ftr-419	293	28	of	of	ADP
ftr-419	293	29	cash	cash	NOUN
ftr-419	293	30	the	the	DET
ftr-419	293	31	partner	partner	NOUN
ftr-419	293	32	received	receive	VERB
ftr-419	293	33	as	as	ADP
ftr-419	293	34	an	an	DET
ftr-419	293	35	operating	operating	NOUN
ftr-419	293	36	partnership	partnership	NOUN
ftr-419	293	37	distribution	distribution	NOUN
ftr-419	293	38	.	.	PUNCT
ftr-419	294	1	since	since	SCONJ
ftr-419	294	2	neither	neither	PRON
ftr-419	294	3	of	of	ADP
ftr-419	294	4	those	those	DET
ftr-419	294	5	two	two	NUM
ftr-419	294	6	sections	section	NOUN
ftr-419	294	7	is	be	AUX
ftr-419	294	8	one	one	NUM
ftr-419	294	9	of	of	ADP
ftr-419	294	10	the	the	DET
ftr-419	294	11	three	three	NUM
ftr-419	294	12	code	code	NOUN
ftr-419	294	13	sections	section	NOUN
ftr-419	294	14	that	that	PRON
ftr-419	294	15	section	section	NOUN
ftr-419	294	16	707(c	707(c	PROPN
ftr-419	294	17	)	)	PUNCT
ftr-419	294	18	states	state	NOUN
ftr-419	294	19	to	to	PART
ftr-419	294	20	be	be	AUX
ftr-419	294	21	the	the	DET
ftr-419	294	22	only	only	ADJ
ftr-419	294	23	provisions	provision	NOUN
ftr-419	294	24	for	for	ADP
ftr-419	294	25	which	which	PRON
ftr-419	294	26	entity	entity	NOUN
ftr-419	294	27	treatment	treatment	NOUN
ftr-419	294	28	is	be	AUX
ftr-419	294	29	to	to	PART
ftr-419	294	30	be	be	AUX
ftr-419	294	31	applied	apply	VERB
ftr-419	294	32	,	,	PUNCT
ftr-419	294	33	a	a	DET
ftr-419	294	34	literal	literal	ADJ
ftr-419	294	35	application	application	NOUN
ftr-419	294	36	of	of	ADP
ftr-419	294	37	section	section	NOUN
ftr-419	294	38	707(c	707(c	PROPN
ftr-419	294	39	)	)	PUNCT
ftr-419	294	40	and	and	CCONJ
ftr-419	294	41	the	the	DET
ftr-419	294	42	regulations	regulation	NOUN
ftr-419	294	43	would	would	AUX
ftr-419	294	44	require	require	VERB
ftr-419	294	45	a	a	DET
ftr-419	294	46	partner	partner	NOUN
ftr-419	294	47	to	to	PART
ftr-419	294	48	reduce	reduce	VERB
ftr-419	294	49	his	his	PRON
ftr-419	294	50	outside	outside	ADJ
ftr-419	294	51	basis	basis	NOUN
ftr-419	294	52	by	by	ADP
ftr-419	294	53	the	the	DET
ftr-419	294	54	amount	amount	NOUN
ftr-419	294	55	received	receive	VERB
ftr-419	294	56	.	.	PUNCT
ftr-419	295	1	but	but	CCONJ
ftr-419	295	2	,	,	PUNCT
ftr-419	295	3	that	that	PRON
ftr-419	295	4	would	would	AUX
ftr-419	295	5	reach	reach	VERB
ftr-419	295	6	an	an	DET
ftr-419	295	7	anomalous	anomalous	ADJ
ftr-419	295	8	result	result	NOUN
ftr-419	295	9	.	.	PUNCT
ftr-419	296	1	since	since	SCONJ
ftr-419	296	2	the	the	DET
ftr-419	296	3	payment	payment	NOUN
ftr-419	296	4	constitutes	constitute	VERB
ftr-419	296	5	ordinary	ordinary	ADJ
ftr-419	296	6	income	income	NOUN
ftr-419	296	7	to	to	ADP
ftr-419	296	8	the	the	DET
ftr-419	296	9	partner	partner	NOUN
ftr-419	296	10	,	,	PUNCT
ftr-419	296	11	it	it	PRON
ftr-419	296	12	would	would	AUX
ftr-419	296	13	be	be	AUX
ftr-419	296	14	wrong	wrong	ADJ
ftr-419	296	15	to	to	PART
ftr-419	296	16	reduce	reduce	VERB
ftr-419	296	17	the	the	DET
ftr-419	296	18	partner	partner	NOUN
ftr-419	296	19	's	's	PART
ftr-419	296	20	outside	outside	ADJ
ftr-419	296	21	basis	basis	NOUN
ftr-419	296	22	,	,	PUNCT
ftr-419	296	23	the	the	DET
ftr-419	296	24	effect	effect	NOUN
ftr-419	296	25	of	of	ADP
ftr-419	296	26	which	which	PRON
ftr-419	296	27	would	would	AUX
ftr-419	296	28	be	be	AUX
ftr-419	296	29	to	to	PART
ftr-419	296	30	treat	treat	VERB
ftr-419	296	31	the	the	DET
ftr-419	296	32	payment	payment	NOUN
ftr-419	296	33	as	as	ADP
ftr-419	296	34	a	a	DET
ftr-419	296	35	return	return	NOUN
ftr-419	296	36	of	of	ADP
ftr-419	296	37	the	the	DET
ftr-419	296	38	partner	partner	NOUN
ftr-419	296	39	's	's	PART
ftr-419	296	40	capital	capital	NOUN
ftr-419	296	41	.	.	PUNCT
ftr-419	297	1	accordingly	accordingly	ADV
ftr-419	297	2	,	,	PUNCT
ftr-419	297	3	the	the	DET
ftr-419	297	4	authors	author	NOUN
ftr-419	297	5	conclude	conclude	VERB
ftr-419	297	6	that	that	SCONJ
ftr-419	297	7	a	a	DET
ftr-419	297	8	partner	partner	NOUN
ftr-419	297	9	's	's	PART
ftr-419	297	10	outside	outside	ADJ
ftr-419	297	11	basis	basis	NOUN
ftr-419	297	12	is	be	AUX
ftr-419	297	13	not	not	PART
ftr-419	297	14	reduced	reduce	VERB
ftr-419	297	15	by	by	ADP
ftr-419	297	16	a	a	DET
ftr-419	297	17	guaranteed	guarantee	VERB
ftr-419	297	18	payment	payment	NOUN
ftr-419	297	19	,	,	PUNCT
ftr-419	297	20	whether	whether	SCONJ
ftr-419	297	21	made	make	VERB
ftr-419	297	22	in	in	ADP
ftr-419	297	23	cash	cash	NOUN
ftr-419	297	24	or	or	CCONJ
ftr-419	297	25	in	in	ADP
ftr-419	297	26	kind	kind	NOUN
ftr-419	297	27	,	,	PUNCT
ftr-419	297	28	except	except	SCONJ
ftr-419	297	29	to	to	ADP
ftr-419	297	30	the	the	DET
ftr-419	297	31	extent	extent	NOUN
ftr-419	297	32	of	of	ADP
ftr-419	297	33	the	the	DET
ftr-419	297	34	partner	partner	NOUN
ftr-419	297	35	's	's	PART
ftr-419	297	36	share	share	NOUN
ftr-419	297	37	of	of	ADP
ftr-419	297	38	any	any	DET
ftr-419	297	39	deduction	deduction	NOUN
ftr-419	297	40	the	the	DET
ftr-419	297	41	partnership	partnership	NOUN
ftr-419	297	42	obtained	obtain	VERB
ftr-419	297	43	from	from	ADP
ftr-419	297	44	the	the	DET
ftr-419	297	45	payment	payment	NOUN
ftr-419	297	46	.	.	PUNCT
ftr-419	298	1	the	the	DET
ftr-419	298	2	effect	effect	NOUN
ftr-419	298	3	on	on	ADP
ftr-419	298	4	outside	outside	ADJ
ftr-419	298	5	basis	basis	NOUN
ftr-419	298	6	therefore	therefore	ADV
ftr-419	298	7	will	will	AUX
ftr-419	298	8	be	be	AUX
ftr-419	298	9	identical	identical	ADJ
ftr-419	298	10	to	to	ADP
ftr-419	298	11	the	the	DET
ftr-419	298	12	effect	effect	NOUN
ftr-419	298	13	that	that	SCONJ
ftr-419	298	14	the	the	DET
ftr-419	298	15	regulations	regulation	NOUN
ftr-419	298	16	provide	provide	VERB
ftr-419	298	17	that	that	SCONJ
ftr-419	298	18	the	the	DET
ftr-419	298	19	payment	payment	NOUN
ftr-419	298	20	has	have	VERB
ftr-419	298	21	on	on	ADP
ftr-419	298	22	a	a	DET
ftr-419	298	23	partner	partner	NOUN
ftr-419	298	24	's	's	PART
ftr-419	298	25	capital	capital	NOUN
ftr-419	298	26	account.53	account.53	NOUN
ftr-419	298	27	in	in	ADP
ftr-419	298	28	the	the	DET
ftr-419	298	29	area	area	NOUN
ftr-419	298	30	of	of	ADP
ftr-419	298	31	partnership	partnership	NOUN
ftr-419	298	32	taxation	taxation	NOUN
ftr-419	298	33	,	,	PUNCT
ftr-419	298	34	it	it	PRON
ftr-419	298	35	frequently	frequently	ADV
ftr-419	298	36	is	be	AUX
ftr-419	298	37	the	the	DET
ftr-419	298	38	case	case	NOUN
ftr-419	298	39	that	that	SCONJ
ftr-419	298	40	an	an	DET
ftr-419	298	41	examination	examination	NOUN
ftr-419	298	42	of	of	ADP
ftr-419	298	43	a	a	DET
ftr-419	298	44	partnership	partnership	NOUN
ftr-419	298	45	's	's	PART
ftr-419	298	46	financial	financial	ADJ
ftr-419	298	47	balance	balance	NOUN
ftr-419	298	48	sheet	sheet	NOUN
ftr-419	298	49	makes	make	VERB
ftr-419	298	50	a	a	DET
ftr-419	298	51	problem	problem	NOUN
ftr-419	298	52	more	more	ADV
ftr-419	298	53	understandable	understandable	ADJ
ftr-419	298	54	and	and	CCONJ
ftr-419	298	55	the	the	DET
ftr-419	298	56	correct	correct	ADJ
ftr-419	298	57	results	result	NOUN
ftr-419	298	58	become	become	VERB
ftr-419	298	59	easier	easy	ADJ
ftr-419	298	60	to	to	PART
ftr-419	298	61	reach	reach	VERB
ftr-419	298	62	.	.	PUNCT
ftr-419	299	1	while	while	SCONJ
ftr-419	299	2	it	it	PRON
ftr-419	299	3	is	be	AUX
ftr-419	299	4	not	not	PART
ftr-419	299	5	necessary	necessary	ADJ
ftr-419	299	6	to	to	PART
ftr-419	299	7	examine	examine	VERB
ftr-419	299	8	a	a	DET
ftr-419	299	9	balance	balance	NOUN
ftr-419	299	10	sheet	sheet	NOUN
ftr-419	299	11	to	to	PART
ftr-419	299	12	see	see	VERB
ftr-419	299	13	that	that	SCONJ
ftr-419	299	14	a	a	DET
ftr-419	299	15	partner	partner	NOUN
ftr-419	299	16	's	's	PART
ftr-419	299	17	outside	outside	ADJ
ftr-419	299	18	basis	basis	NOUN
ftr-419	299	19	should	should	AUX
ftr-419	299	20	not	not	PART
ftr-419	299	21	be	be	AUX
ftr-419	299	22	reduced	reduce	VERB
ftr-419	299	23	by	by	ADP
ftr-419	299	24	a	a	DET
ftr-419	299	25	guaranteed	guarantee	VERB
ftr-419	299	26	payment	payment	NOUN
ftr-419	299	27	because	because	SCONJ
ftr-419	299	28	that	that	PRON
ftr-419	299	29	is	be	AUX
ftr-419	299	30	fairly	fairly	ADV
ftr-419	299	31	obvious	obvious	ADJ
ftr-419	299	32	,	,	PUNCT
ftr-419	299	33	let	let	VERB
ftr-419	299	34	us	we	PRON
ftr-419	299	35	see	see	VERB
ftr-419	299	36	53	53	NUM
ftr-419	299	37	.	.	PUNCT
ftr-419	300	1	see	see	VERB
ftr-419	300	2	supra	supra	ADJ
ftr-419	300	3	text	text	NOUN
ftr-419	300	4	accompanying	accompanying	ADJ
ftr-419	300	5	note	note	NOUN
ftr-419	300	6	51	51	NUM
ftr-419	300	7	.	.	NUM
ftr-419	300	8	20041	20041	NUM
ftr-419	301	1	florida	florida	PROPN
ftr-419	301	2	tax	tax	NOUN
ftr-419	301	3	review	review	NOUN
ftr-419	301	4	what	what	PRON
ftr-419	301	5	a	a	DET
ftr-419	301	6	balance	balance	NOUN
ftr-419	301	7	sheet	sheet	NOUN
ftr-419	301	8	displays	display	NOUN
ftr-419	301	9	.	.	PUNCT
ftr-419	302	1	throughout	throughout	ADP
ftr-419	302	2	this	this	DET
ftr-419	302	3	article	article	NOUN
ftr-419	302	4	,	,	PUNCT
ftr-419	302	5	the	the	DET
ftr-419	302	6	authors	author	NOUN
ftr-419	302	7	will	will	AUX
ftr-419	302	8	use	use	VERB
ftr-419	302	9	a	a	DET
ftr-419	302	10	"	"	PUNCT
ftr-419	302	11	book	book	NOUN
ftr-419	302	12	/	/	SYM
ftr-419	302	13	tax	tax	NOUN
ftr-419	302	14	"	"	PUNCT
ftr-419	302	15	type	type	NOUN
ftr-419	302	16	of	of	ADP
ftr-419	302	17	balance	balance	NOUN
ftr-419	302	18	sheet	sheet	NOUN
ftr-419	302	19	.	.	PUNCT
ftr-419	303	1	54	54	NUM
ftr-419	303	2	as	as	ADP
ftr-419	303	3	of	of	ADP
ftr-419	303	4	december	december	PROPN
ftr-419	303	5	30	30	NUM
ftr-419	303	6	,	,	PUNCT
ftr-419	303	7	year	year	NOUN
ftr-419	303	8	one	one	NUM
ftr-419	303	9	,	,	PUNCT
ftr-419	303	10	the	the	DET
ftr-419	303	11	p	p	PROPN
ftr-419	303	12	general	general	ADJ
ftr-419	303	13	partnership	partnership	NOUN
ftr-419	303	14	had	have	VERB
ftr-419	303	15	three	three	NUM
ftr-419	303	16	equal	equal	ADJ
ftr-419	303	17	partners	partner	NOUN
ftr-419	303	18	,	,	PUNCT
ftr-419	303	19	x	x	X
ftr-419	303	20	,	,	PUNCT
ftr-419	303	21	y	y	PROPN
ftr-419	303	22	,	,	PUNCT
ftr-419	303	23	and	and	CCONJ
ftr-419	303	24	z.	z.	PROPN
ftr-419	303	25	apart	apart	ADV
ftr-419	303	26	from	from	ADP
ftr-419	303	27	the	the	DET
ftr-419	303	28	effect	effect	NOUN
ftr-419	303	29	of	of	ADP
ftr-419	303	30	making	make	VERB
ftr-419	303	31	the	the	DET
ftr-419	303	32	guaranteed	guarantee	VERB
ftr-419	303	33	payment	payment	NOUN
ftr-419	303	34	described	describe	VERB
ftr-419	303	35	below	below	ADV
ftr-419	303	36	,	,	PUNCT
ftr-419	303	37	p	p	PROPN
ftr-419	303	38	had	have	VERB
ftr-419	303	39	no	no	DET
ftr-419	303	40	net	net	ADJ
ftr-419	303	41	income	income	NOUN
ftr-419	303	42	or	or	CCONJ
ftr-419	303	43	loss	loss	NOUN
ftr-419	303	44	in	in	ADP
ftr-419	303	45	year	year	NOUN
ftr-419	303	46	one	one	NUM
ftr-419	303	47	.	.	PUNCT
ftr-419	304	1	p	p	X
ftr-419	304	2	's	's	PART
ftr-419	304	3	assets	asset	NOUN
ftr-419	304	4	consisted	consist	VERB
ftr-419	304	5	of	of	ADP
ftr-419	304	6	cash	cash	NOUN
ftr-419	304	7	,	,	PUNCT
ftr-419	304	8	capital	capital	NOUN
ftr-419	304	9	asset	asset	NOUN
ftr-419	304	10	#	#	NOUN
ftr-419	304	11	1	1	NUM
ftr-419	304	12	,	,	PUNCT
ftr-419	304	13	and	and	CCONJ
ftr-419	304	14	capital	capital	NOUN
ftr-419	304	15	asset	asset	NOUN
ftr-419	304	16	#	#	NOUN
ftr-419	304	17	2	2	NUM
ftr-419	304	18	.	.	PUNCT
ftr-419	305	1	p	p	PROPN
ftr-419	305	2	had	have	VERB
ftr-419	305	3	no	no	DET
ftr-419	305	4	liabilities	liability	NOUN
ftr-419	305	5	,	,	PUNCT
ftr-419	305	6	and	and	CCONJ
ftr-419	305	7	the	the	DET
ftr-419	305	8	adjusted	adjusted	ADJ
ftr-419	305	9	basis	basis	NOUN
ftr-419	305	10	and	and	CCONJ
ftr-419	305	11	book	book	NOUN
ftr-419	305	12	values	value	NOUN
ftr-419	305	13	of	of	ADP
ftr-419	305	14	its	its	PRON
ftr-419	305	15	assets	asset	NOUN
ftr-419	305	16	and	and	CCONJ
ftr-419	305	17	of	of	ADP
ftr-419	305	18	its	its	PRON
ftr-419	305	19	partners	partner	NOUN
ftr-419	305	20	'	'	PART
ftr-419	305	21	capital	capital	NOUN
ftr-419	305	22	accounts	account	NOUN
ftr-419	305	23	were	be	AUX
ftr-419	305	24	as	as	SCONJ
ftr-419	305	25	follows	follow	VERB
ftr-419	305	26	:	:	PUNCT
ftr-419	305	27	assets	asset	NOUN
ftr-419	305	28	liabilities	liability	NOUN
ftr-419	305	29	and	and	CCONJ
ftr-419	305	30	partners	partner	NOUN
ftr-419	305	31	'	'	PART
ftr-419	305	32	capital	capital	NOUN
ftr-419	305	33	a.b	a.b	PROPN
ftr-419	305	34	.	.	PROPN
ftr-419	305	35	book	book	NOUN
ftr-419	305	36	liabilities	liability	NOUN
ftr-419	305	37	none	none	NOUN
ftr-419	305	38	cash	cash	VERB
ftr-419	305	39	$	$	SYM
ftr-419	305	40	60,000	60,000	NUM
ftr-419	305	41	$	$	SYM
ftr-419	305	42	60,000	60,000	NUM
ftr-419	305	43	partners	partner	NOUN
ftr-419	305	44	'	'	PART
ftr-419	305	45	capital	capital	NOUN
ftr-419	306	1	ca	can	AUX
ftr-419	306	2	#	#	NOUN
ftr-419	306	3	1	1	NUM
ftr-419	306	4	$	$	SYM
ftr-419	306	5	40,000	40,000	NUM
ftr-419	306	6	$	$	SYM
ftr-419	306	7	60,000	60,000	NUM
ftr-419	306	8	a.b	a.b	PROPN
ftr-419	306	9	.	.	PROPN
ftr-419	306	10	book	book	NOUN
ftr-419	306	11	ca	ca	NOUN
ftr-419	306	12	#	#	SYM
ftr-419	306	13	2	2	NUM
ftr-419	306	14	$	$	SYM
ftr-419	306	15	20,000	20,000	NUM
ftr-419	306	16	$	$	SYM
ftr-419	306	17	60.000	60.000	NUM
ftr-419	306	18	x	x	SYM
ftr-419	306	19	$	$	SYM
ftr-419	306	20	40,000	40,000	NUM
ftr-419	306	21	$	$	SYM
ftr-419	306	22	60,000	60,000	NUM
ftr-419	306	23	total	total	ADJ
ftr-419	306	24	'	'	PUNCT
ftr-419	306	25	$	$	SYM
ftr-419	306	26	120,000	120,000	NUM
ftr-419	306	27	$	$	SYM
ftr-419	306	28	180,000	180,000	NUM
ftr-419	306	29	y	y	NOUN
ftr-419	306	30	$	$	SYM
ftr-419	306	31	40,000	40,000	NUM
ftr-419	306	32	$	$	SYM
ftr-419	306	33	60,000	60,000	NUM
ftr-419	306	34	z	z	NOUN
ftr-419	306	35	$	$	SYM
ftr-419	306	36	40.000	40.000	NUM
ftr-419	306	37	$	$	SYM
ftr-419	306	38	60.000	60.000	NUM
ftr-419	306	39	total	total	ADJ
ftr-419	306	40	$	$	SYM
ftr-419	306	41	120,000	120,000	NUM
ftr-419	306	42	$	$	SYM
ftr-419	306	43	180,000	180,000	NUM
ftr-419	306	44	on	on	ADP
ftr-419	306	45	december	december	PROPN
ftr-419	306	46	30	30	NUM
ftr-419	307	1	,	,	PUNCT
ftr-419	307	2	p	p	PRON
ftr-419	307	3	made	make	VERB
ftr-419	307	4	a	a	DET
ftr-419	307	5	guaranteed	guarantee	VERB
ftr-419	307	6	payment	payment	NOUN
ftr-419	307	7	of	of	ADP
ftr-419	307	8	$	$	SYM
ftr-419	307	9	12,000	12,000	NUM
ftr-419	307	10	cash	cash	NOUN
ftr-419	307	11	to	to	ADP
ftr-419	307	12	x	x	PUNCT
ftr-419	307	13	for	for	ADP
ftr-419	307	14	services	service	NOUN
ftr-419	307	15	performed	perform	VERB
ftr-419	307	16	by	by	ADP
ftr-419	307	17	x	x	PUNCT
ftr-419	307	18	in	in	ADP
ftr-419	307	19	her	her	PRON
ftr-419	307	20	capacity	capacity	NOUN
ftr-419	307	21	as	as	ADP
ftr-419	307	22	a	a	DET
ftr-419	307	23	partner	partner	NOUN
ftr-419	307	24	.	.	PUNCT
ftr-419	308	1	the	the	DET
ftr-419	308	2	payment	payment	NOUN
ftr-419	308	3	was	be	AUX
ftr-419	308	4	ordinary	ordinary	ADJ
ftr-419	308	5	income	income	NOUN
ftr-419	308	6	to	to	ADP
ftr-419	308	7	x	x	PUNCT
ftr-419	308	8	and	and	CCONJ
ftr-419	308	9	was	be	AUX
ftr-419	308	10	deductible	deductible	ADJ
ftr-419	308	11	by	by	ADP
ftr-419	308	12	p	p	NOUN
ftr-419	308	13	under	under	ADP
ftr-419	308	14	section	section	NOUN
ftr-419	308	15	162	162	NUM
ftr-419	308	16	as	as	ADP
ftr-419	308	17	a	a	DET
ftr-419	308	18	business	business	NOUN
ftr-419	308	19	expense	expense	NOUN
ftr-419	308	20	.	.	PUNCT
ftr-419	309	1	the	the	DET
ftr-419	309	2	guaranteed	guarantee	VERB
ftr-419	309	3	payment	payment	NOUN
ftr-419	309	4	to	to	ADP
ftr-419	309	5	x	x	PRON
ftr-419	309	6	does	do	AUX
ftr-419	309	7	not	not	PART
ftr-419	309	8	affect	affect	VERB
ftr-419	309	9	x	x	NOUN
ftr-419	309	10	's	's	PART
ftr-419	309	11	capital	capital	NOUN
ftr-419	309	12	account	account	NOUN
ftr-419	309	13	,	,	PUNCT
ftr-419	309	14	which	which	PRON
ftr-419	309	15	remains	remain	VERB
ftr-419	309	16	unchanged	unchanged	ADJ
ftr-419	309	17	except	except	SCONJ
ftr-419	309	18	for	for	ADP
ftr-419	309	19	any	any	DET
ftr-419	309	20	effect	effect	NOUN
ftr-419	309	21	that	that	SCONJ
ftr-419	309	22	the	the	DET
ftr-419	309	23	deduction	deduction	NOUN
ftr-419	309	24	that	that	PRON
ftr-419	309	25	p	p	PROPN
ftr-419	309	26	obtained	obtain	VERB
ftr-419	309	27	from	from	ADP
ftr-419	309	28	the	the	DET
ftr-419	309	29	payment	payment	NOUN
ftr-419	309	30	will	will	AUX
ftr-419	309	31	have	have	AUX
ftr-419	309	32	.	.	PUNCT
ftr-419	310	1	let	let	VERB
ftr-419	310	2	us	we	PRON
ftr-419	310	3	leave	leave	VERB
ftr-419	310	4	open	open	ADJ
ftr-419	310	5	for	for	ADP
ftr-419	310	6	the	the	DET
ftr-419	310	7	moment	moment	NOUN
ftr-419	310	8	the	the	DET
ftr-419	310	9	effect	effect	NOUN
ftr-419	310	10	that	that	SCONJ
ftr-419	310	11	the	the	DET
ftr-419	310	12	payment	payment	NOUN
ftr-419	310	13	will	will	AUX
ftr-419	310	14	have	have	VERB
ftr-419	310	15	on	on	ADP
ftr-419	310	16	x	x	NOUN
ftr-419	310	17	's	's	PART
ftr-419	310	18	outside	outside	ADJ
ftr-419	310	19	basis	basis	NOUN
ftr-419	310	20	of	of	ADP
ftr-419	310	21	$	$	SYM
ftr-419	310	22	40,000	40,000	NUM
ftr-419	310	23	in	in	ADP
ftr-419	310	24	her	her	PRON
ftr-419	310	25	partnership	partnership	NOUN
ftr-419	310	26	interest	interest	NOUN
ftr-419	310	27	.	.	PUNCT
ftr-419	311	1	since	since	SCONJ
ftr-419	311	2	,	,	PUNCT
ftr-419	311	3	apart	apart	ADV
ftr-419	311	4	from	from	ADP
ftr-419	311	5	the	the	DET
ftr-419	311	6	effect	effect	NOUN
ftr-419	311	7	of	of	ADP
ftr-419	311	8	the	the	DET
ftr-419	311	9	deduction	deduction	NOUN
ftr-419	311	10	for	for	ADP
ftr-419	311	11	the	the	DET
ftr-419	311	12	guaranteed	guarantee	VERB
ftr-419	311	13	payment	payment	NOUN
ftr-419	311	14	,	,	PUNCT
ftr-419	311	15	p	p	PROPN
ftr-419	311	16	had	have	VERB
ftr-419	311	17	no	no	DET
ftr-419	311	18	net	net	ADJ
ftr-419	311	19	income	income	NOUN
ftr-419	311	20	or	or	CCONJ
ftr-419	311	21	loss	loss	NOUN
ftr-419	311	22	for	for	ADP
ftr-419	311	23	that	that	DET
ftr-419	311	24	year	year	NOUN
ftr-419	311	25	,	,	PUNCT
ftr-419	311	26	the	the	DET
ftr-419	311	27	deduction	deduction	NOUN
ftr-419	311	28	caused	cause	VERB
ftr-419	311	29	p	p	NOUN
ftr-419	311	30	to	to	PART
ftr-419	311	31	have	have	VERB
ftr-419	311	32	a	a	DET
ftr-419	311	33	loss	loss	NOUN
ftr-419	311	34	of	of	ADP
ftr-419	311	35	$	$	SYM
ftr-419	311	36	12,000	12,000	NUM
ftr-419	311	37	for	for	ADP
ftr-419	311	38	the	the	DET
ftr-419	311	39	year	year	NOUN
ftr-419	311	40	.	.	PUNCT
ftr-419	312	1	one	one	NUM
ftr-419	312	2	-	-	PUNCT
ftr-419	312	3	third	third	NOUN
ftr-419	312	4	of	of	ADP
ftr-419	312	5	that	that	DET
ftr-419	312	6	loss	loss	NOUN
ftr-419	312	7	(	(	PUNCT
ftr-419	312	8	$	$	SYM
ftr-419	312	9	4,000	4,000	NUM
ftr-419	312	10	)	)	PUNCT
ftr-419	312	11	is	be	AUX
ftr-419	312	12	allocated	allocate	VERB
ftr-419	312	13	to	to	ADP
ftr-419	312	14	each	each	DET
ftr-419	312	15	partner	partner	NOUN
ftr-419	312	16	who	who	PRON
ftr-419	312	17	can	can	AUX
ftr-419	312	18	deduct	deduct	VERB
ftr-419	312	19	it	it	PRON
ftr-419	312	20	and	and	CCONJ
ftr-419	312	21	whose	whose	DET
ftr-419	312	22	outside	outside	ADJ
ftr-419	312	23	basis	basis	NOUN
ftr-419	312	24	and	and	CCONJ
ftr-419	312	25	capital	capital	NOUN
ftr-419	312	26	account	account	NOUN
ftr-419	312	27	are	be	AUX
ftr-419	312	28	reduced	reduce	VERB
ftr-419	312	29	by	by	ADP
ftr-419	312	30	that	that	DET
ftr-419	312	31	amount.55	amount.55	NOUN
ftr-419	312	32	consequently	consequently	ADV
ftr-419	312	33	,	,	PUNCT
ftr-419	312	34	the	the	DET
ftr-419	312	35	capital	capital	NOUN
ftr-419	312	36	accounts	account	VERB
ftr-419	312	37	of	of	ADP
ftr-419	312	38	each	each	PRON
ftr-419	312	39	of	of	ADP
ftr-419	312	40	the	the	DET
ftr-419	312	41	partners	partner	NOUN
ftr-419	312	42	after	after	SCONJ
ftr-419	312	43	the	the	DET
ftr-419	312	44	payment	payment	NOUN
ftr-419	312	45	was	be	AUX
ftr-419	312	46	made	make	VERB
ftr-419	312	47	is	be	AUX
ftr-419	312	48	$	$	SYM
ftr-419	312	49	56,000	56,000	NUM
ftr-419	312	50	(	(	PUNCT
ftr-419	312	51	$	$	SYM
ftr-419	312	52	60,000	60,000	NUM
ftr-419	312	53	minus	minus	ADP
ftr-419	312	54	each	each	DET
ftr-419	312	55	's	's	PART
ftr-419	312	56	$	$	SYM
ftr-419	312	57	4,000	4,000	NUM
ftr-419	312	58	share	share	NOUN
ftr-419	312	59	of	of	ADP
ftr-419	312	60	the	the	DET
ftr-419	312	61	loss	loss	NOUN
ftr-419	312	62	)	)	PUNCT
ftr-419	312	63	.	.	PUNCT
ftr-419	313	1	each	each	DET
ftr-419	313	2	partner	partner	NOUN
ftr-419	313	3	's	's	PART
ftr-419	313	4	outside	outside	ADJ
ftr-419	313	5	basis	basis	NOUN
ftr-419	313	6	would	would	AUX
ftr-419	313	7	also	also	ADV
ftr-419	313	8	be	be	AUX
ftr-419	313	9	reduced	reduce	VERB
ftr-419	313	10	by	by	ADP
ftr-419	313	11	$	$	SYM
ftr-419	313	12	4,000	4,000	NUM
ftr-419	313	13	,	,	PUNCT
ftr-419	313	14	54	54	NUM
ftr-419	313	15	.	.	PUNCT
ftr-419	314	1	a	a	DET
ftr-419	314	2	"	"	PUNCT
ftr-419	314	3	book	book	NOUN
ftr-419	314	4	/	/	SYM
ftr-419	314	5	tax	tax	NOUN
ftr-419	314	6	"	"	PUNCT
ftr-419	314	7	balance	balance	NOUN
ftr-419	314	8	sheet	sheet	NOUN
ftr-419	314	9	is	be	AUX
ftr-419	314	10	a	a	DET
ftr-419	314	11	financial	financial	ADJ
ftr-419	314	12	statement	statement	NOUN
ftr-419	314	13	that	that	PRON
ftr-419	314	14	shows	show	VERB
ftr-419	314	15	the	the	DET
ftr-419	314	16	book	book	NOUN
ftr-419	314	17	value	value	NOUN
ftr-419	314	18	and	and	CCONJ
ftr-419	314	19	the	the	DET
ftr-419	314	20	adjusted	adjusted	ADJ
ftr-419	314	21	basis	basis	NOUN
ftr-419	314	22	of	of	ADP
ftr-419	314	23	the	the	DET
ftr-419	314	24	partnership	partnership	NOUN
ftr-419	314	25	's	's	PART
ftr-419	314	26	assets	asset	NOUN
ftr-419	314	27	,	,	PUNCT
ftr-419	314	28	the	the	DET
ftr-419	314	29	amount	amount	NOUN
ftr-419	314	30	of	of	ADP
ftr-419	314	31	the	the	DET
ftr-419	314	32	partnership	partnership	NOUN
ftr-419	314	33	's	's	PART
ftr-419	314	34	liabilities	liability	NOUN
ftr-419	314	35	,	,	PUNCT
ftr-419	314	36	and	and	CCONJ
ftr-419	314	37	the	the	DET
ftr-419	314	38	adjusted	adjusted	ADJ
ftr-419	314	39	basis	basis	NOUN
ftr-419	314	40	and	and	CCONJ
ftr-419	314	41	book	book	NOUN
ftr-419	314	42	value	value	NOUN
ftr-419	314	43	of	of	ADP
ftr-419	314	44	the	the	DET
ftr-419	314	45	partners	partner	NOUN
ftr-419	314	46	'	'	PART
ftr-419	314	47	capital	capital	NOUN
ftr-419	314	48	accounts	account	NOUN
ftr-419	314	49	.	.	PUNCT
ftr-419	315	1	see	see	VERB
ftr-419	315	2	lind	lind	PROPN
ftr-419	315	3	,	,	PUNCT
ftr-419	315	4	supra	supra	PROPN
ftr-419	315	5	note	note	NOUN
ftr-419	315	6	2	2	NUM
ftr-419	315	7	,	,	PUNCT
ftr-419	315	8	at	at	ADP
ftr-419	315	9	35	35	NUM
ftr-419	315	10	,	,	PUNCT
ftr-419	315	11	n.	n.	NOUN
ftr-419	315	12	5	5	NUM
ftr-419	315	13	.	.	PUNCT
ftr-419	315	14	55	55	NUM
ftr-419	315	15	.	.	PUNCT
ftr-419	316	1	irc	irc	PROPN
ftr-419	316	2	§	§	PROPN
ftr-419	316	3	705(a)(2	705(a)(2	NOUN
ftr-419	316	4	)	)	PUNCT
ftr-419	316	5	,	,	PUNCT
ftr-419	316	6	and	and	CCONJ
ftr-419	316	7	regs	reg	NOUN
ftr-419	316	8	.	.	PUNCT
ftr-419	317	1	§	§	PROPN
ftr-419	317	2	1.704	1.704	NUM
ftr-419	317	3	-	-	SYM
ftr-419	317	4	1	1	NUM
ftr-419	317	5	(	(	PUNCT
ftr-419	317	6	b)(2)(iv)(b	b)(2)(iv)(b	NOUN
ftr-419	317	7	)	)	PUNCT
ftr-419	317	8	(	(	PUNCT
ftr-419	317	9	7	7	NUM
ftr-419	317	10	)	)	PUNCT
ftr-419	317	11	,	,	PUNCT
ftr-419	317	12	1	1	NUM
ftr-419	317	13	(	(	PUNCT
ftr-419	317	14	b)(2)(iv)(o	b)(2)(iv)(o	PROPN
ftr-419	317	15	)	)	PUNCT
ftr-419	317	16	.	.	PUNCT
ftr-419	318	1	even	even	ADV
ftr-419	318	2	if	if	SCONJ
ftr-419	318	3	p	p	NOUN
ftr-419	318	4	had	have	AUX
ftr-419	318	5	had	have	VERB
ftr-419	318	6	net	net	ADJ
ftr-419	318	7	income	income	NOUN
ftr-419	318	8	that	that	DET
ftr-419	318	9	year	year	NOUN
ftr-419	318	10	,	,	PUNCT
ftr-419	318	11	each	each	DET
ftr-419	318	12	partner	partner	NOUN
ftr-419	318	13	's	's	PART
ftr-419	318	14	share	share	NOUN
ftr-419	318	15	of	of	ADP
ftr-419	318	16	the	the	DET
ftr-419	318	17	deduction	deduction	NOUN
ftr-419	318	18	would	would	AUX
ftr-419	318	19	have	have	AUX
ftr-419	318	20	reduced	reduce	VERB
ftr-419	318	21	that	that	DET
ftr-419	318	22	partner	partner	NOUN
ftr-419	318	23	's	's	PART
ftr-419	318	24	outside	outside	ADJ
ftr-419	318	25	basis	basis	NOUN
ftr-419	318	26	and	and	CCONJ
ftr-419	318	27	capital	capital	NOUN
ftr-419	318	28	account	account	NOUN
ftr-419	318	29	since	since	SCONJ
ftr-419	318	30	it	it	PRON
ftr-419	318	31	would	would	AUX
ftr-419	318	32	have	have	AUX
ftr-419	318	33	reduced	reduce	VERB
ftr-419	318	34	the	the	DET
ftr-419	318	35	amount	amount	NOUN
ftr-419	318	36	by	by	ADP
ftr-419	318	37	which	which	PRON
ftr-419	318	38	their	their	PRON
ftr-419	318	39	basis	basis	NOUN
ftr-419	318	40	and	and	CCONJ
ftr-419	318	41	capital	capital	NOUN
ftr-419	318	42	account	account	NOUN
ftr-419	318	43	otherwise	otherwise	ADV
ftr-419	318	44	would	would	AUX
ftr-419	318	45	have	have	AUX
ftr-419	318	46	been	be	AUX
ftr-419	318	47	increased	increase	VERB
ftr-419	318	48	by	by	ADP
ftr-419	318	49	their	their	PRON
ftr-419	318	50	share	share	NOUN
ftr-419	318	51	of	of	ADP
ftr-419	318	52	p	p	X
ftr-419	318	53	's	's	PART
ftr-419	318	54	income	income	NOUN
ftr-419	318	55	.	.	PUNCT
ftr-419	319	1	in	in	ADP
ftr-419	319	2	this	this	DET
ftr-419	319	3	example	example	NOUN
ftr-419	319	4	,	,	PUNCT
ftr-419	319	5	we	we	PRON
ftr-419	319	6	have	have	AUX
ftr-419	319	7	simplified	simplify	VERB
ftr-419	319	8	the	the	DET
ftr-419	319	9	facts	fact	NOUN
ftr-419	319	10	by	by	ADP
ftr-419	319	11	making	make	VERB
ftr-419	319	12	p	p	NOUN
ftr-419	319	13	have	have	VERB
ftr-419	319	14	a	a	DET
ftr-419	319	15	loss	loss	NOUN
ftr-419	319	16	,	,	PUNCT
ftr-419	319	17	but	but	CCONJ
ftr-419	319	18	the	the	DET
ftr-419	319	19	operation	operation	NOUN
ftr-419	319	20	of	of	ADP
ftr-419	319	21	the	the	DET
ftr-419	319	22	rule	rule	NOUN
ftr-419	319	23	would	would	AUX
ftr-419	319	24	be	be	AUX
ftr-419	319	25	the	the	DET
ftr-419	319	26	same	same	ADJ
ftr-419	319	27	if	if	SCONJ
ftr-419	319	28	p	p	PRON
ftr-419	319	29	had	have	VERB
ftr-419	319	30	net	net	ADJ
ftr-419	319	31	income	income	NOUN
ftr-419	319	32	.	.	PUNCT
ftr-419	320	1	[	[	X
ftr-419	320	2	vol.6:-5	vol.6:-5	NOUN
ftr-419	320	3	guaranteed	guarantee	VERB
ftr-419	320	4	payments	payment	NOUN
ftr-419	320	5	made	make	VERB
ftr-419	320	6	in	in	ADP
ftr-419	320	7	kind	kind	NOUN
ftr-419	320	8	by	by	ADP
ftr-419	320	9	a	a	DET
ftr-419	320	10	partnership	partnership	NOUN
ftr-419	320	11	and	and	CCONJ
ftr-419	320	12	so	so	ADV
ftr-419	320	13	each	each	PRON
ftr-419	320	14	would	would	AUX
ftr-419	320	15	have	have	VERB
ftr-419	320	16	an	an	DET
ftr-419	320	17	outside	outside	ADJ
ftr-419	320	18	basis	basis	NOUN
ftr-419	320	19	of	of	ADP
ftr-419	320	20	$	$	SYM
ftr-419	320	21	36,000	36,000	NUM
ftr-419	320	22	.	.	PUNCT
ftr-419	321	1	the	the	DET
ftr-419	321	2	question	question	NOUN
ftr-419	321	3	remaining	remain	VERB
ftr-419	321	4	is	be	AUX
ftr-419	321	5	what	what	PRON
ftr-419	321	6	effect	effect	NOUN
ftr-419	321	7	the	the	DET
ftr-419	321	8	guaranteed	guarantee	VERB
ftr-419	321	9	payment	payment	NOUN
ftr-419	321	10	has	have	VERB
ftr-419	321	11	on	on	ADP
ftr-419	321	12	x	x	NOUN
ftr-419	321	13	's	's	PART
ftr-419	321	14	outside	outside	ADJ
ftr-419	321	15	basis	basis	NOUN
ftr-419	321	16	,	,	PUNCT
ftr-419	321	17	apart	apart	ADV
ftr-419	321	18	from	from	ADP
ftr-419	321	19	the	the	DET
ftr-419	321	20	effect	effect	NOUN
ftr-419	321	21	of	of	ADP
ftr-419	321	22	her	her	PRON
ftr-419	321	23	share	share	NOUN
ftr-419	321	24	of	of	ADP
ftr-419	321	25	the	the	DET
ftr-419	321	26	deduction	deduction	NOUN
ftr-419	321	27	.	.	PUNCT
ftr-419	322	1	before	before	SCONJ
ftr-419	322	2	the	the	DET
ftr-419	322	3	guaranteed	guarantee	VERB
ftr-419	322	4	payment	payment	NOUN
ftr-419	322	5	was	be	AUX
ftr-419	322	6	made	make	VERB
ftr-419	322	7	,	,	PUNCT
ftr-419	322	8	each	each	DET
ftr-419	322	9	partner	partner	NOUN
ftr-419	322	10	would	would	AUX
ftr-419	322	11	have	have	AUX
ftr-419	322	12	had	have	VERB
ftr-419	322	13	a	a	DET
ftr-419	322	14	gain	gain	NOUN
ftr-419	322	15	of	of	ADP
ftr-419	322	16	$	$	SYM
ftr-419	322	17	20,000	20,000	NUM
ftr-419	322	18	if	if	SCONJ
ftr-419	322	19	he	he	PRON
ftr-419	322	20	had	have	AUX
ftr-419	322	21	sold	sell	VERB
ftr-419	322	22	his	his	PRON
ftr-419	322	23	partnership	partnership	NOUN
ftr-419	322	24	interest	interest	NOUN
ftr-419	322	25	for	for	ADP
ftr-419	322	26	its	its	PRON
ftr-419	322	27	book	book	NOUN
ftr-419	322	28	value	value	NOUN
ftr-419	322	29	(	(	PUNCT
ftr-419	322	30	i.e.	i.e.	X
ftr-419	322	31	,	,	PUNCT
ftr-419	322	32	$	$	SYM
ftr-419	322	33	60,000	60,000	NUM
ftr-419	322	34	book	book	NOUN
ftr-419	322	35	value	value	NOUN
ftr-419	322	36	minus	minus	CCONJ
ftr-419	322	37	$	$	SYM
ftr-419	322	38	40,000	40,000	NUM
ftr-419	322	39	outside	outside	ADP
ftr-419	322	40	basis	basis	NOUN
ftr-419	322	41	)	)	PUNCT
ftr-419	322	42	.	.	PUNCT
ftr-419	323	1	that	that	PRON
ftr-419	323	2	is	is	ADV
ftr-419	323	3	,	,	PUNCT
ftr-419	323	4	each	each	DET
ftr-419	323	5	partner	partner	NOUN
ftr-419	323	6	had	have	VERB
ftr-419	323	7	unrealized	unrealize	VERB
ftr-419	323	8	appreciation	appreciation	NOUN
ftr-419	323	9	of	of	ADP
ftr-419	323	10	$	$	SYM
ftr-419	323	11	20,000	20,000	NUM
ftr-419	323	12	in	in	ADP
ftr-419	323	13	his	his	PRON
ftr-419	323	14	partnership	partnership	NOUN
ftr-419	323	15	interest	interest	NOUN
ftr-419	323	16	.	.	PUNCT
ftr-419	324	1	if	if	SCONJ
ftr-419	324	2	no	no	DET
ftr-419	324	3	adjustment	adjustment	NOUN
ftr-419	324	4	is	be	AUX
ftr-419	324	5	made	make	VERB
ftr-419	324	6	to	to	ADP
ftr-419	324	7	x	x	NOUN
ftr-419	324	8	's	's	PART
ftr-419	324	9	outside	outside	ADJ
ftr-419	324	10	basis	basis	NOUN
ftr-419	324	11	for	for	ADP
ftr-419	324	12	the	the	DET
ftr-419	324	13	guaranteed	guarantee	VERB
ftr-419	324	14	payment	payment	NOUN
ftr-419	324	15	,	,	PUNCT
ftr-419	324	16	each	each	DET
ftr-419	324	17	partner	partner	NOUN
ftr-419	324	18	will	will	AUX
ftr-419	324	19	continue	continue	VERB
ftr-419	324	20	to	to	PART
ftr-419	324	21	have	have	VERB
ftr-419	324	22	unrealized	unrealize	VERB
ftr-419	324	23	appreciation	appreciation	NOUN
ftr-419	324	24	of	of	ADP
ftr-419	324	25	$	$	SYM
ftr-419	324	26	20,000	20,000	NUM
ftr-419	324	27	(	(	PUNCT
ftr-419	324	28	i.e.	i.e.	X
ftr-419	324	29	,	,	PUNCT
ftr-419	324	30	$	$	SYM
ftr-419	324	31	56,000	56,000	NUM
ftr-419	324	32	book	book	NOUN
ftr-419	324	33	value	value	NOUN
ftr-419	324	34	minus	minus	CCONJ
ftr-419	324	35	$	$	SYM
ftr-419	324	36	36,000	36,000	NUM
ftr-419	324	37	outside	outside	ADJ
ftr-419	324	38	basis	basis	NOUN
ftr-419	324	39	)	)	PUNCT
ftr-419	324	40	.	.	PUNCT
ftr-419	325	1	this	this	PRON
ftr-419	325	2	is	be	AUX
ftr-419	325	3	the	the	DET
ftr-419	325	4	correct	correct	ADJ
ftr-419	325	5	result	result	NOUN
ftr-419	325	6	since	since	SCONJ
ftr-419	325	7	nothing	nothing	PRON
ftr-419	325	8	happened	happen	VERB
ftr-419	325	9	other	other	ADJ
ftr-419	325	10	than	than	SCONJ
ftr-419	325	11	p	p	PRON
ftr-419	325	12	's	be	AUX
ftr-419	325	13	having	having	AUX
ftr-419	325	14	incurred	incur	VERB
ftr-419	325	15	a	a	DET
ftr-419	325	16	loss	loss	NOUN
ftr-419	325	17	of	of	ADP
ftr-419	325	18	$	$	SYM
ftr-419	325	19	12,000	12,000	NUM
ftr-419	325	20	;	;	PUNCT
ftr-419	325	21	and	and	CCONJ
ftr-419	325	22	since	since	SCONJ
ftr-419	325	23	each	each	DET
ftr-419	325	24	partner	partner	NOUN
ftr-419	325	25	can	can	AUX
ftr-419	325	26	deduct	deduct	VERB
ftr-419	325	27	his	his	PRON
ftr-419	325	28	share	share	NOUN
ftr-419	325	29	of	of	ADP
ftr-419	325	30	that	that	DET
ftr-419	325	31	loss	loss	NOUN
ftr-419	325	32	,	,	PUNCT
ftr-419	325	33	there	there	PRON
ftr-419	325	34	is	be	VERB
ftr-419	325	35	no	no	DET
ftr-419	325	36	reason	reason	NOUN
ftr-419	325	37	that	that	SCONJ
ftr-419	325	38	the	the	DET
ftr-419	325	39	amount	amount	NOUN
ftr-419	325	40	of	of	ADP
ftr-419	325	41	any	any	DET
ftr-419	325	42	partner	partner	NOUN
ftr-419	325	43	's	's	PART
ftr-419	325	44	unrealized	unrealized	ADJ
ftr-419	325	45	appreciation	appreciation	NOUN
ftr-419	325	46	should	should	AUX
ftr-419	325	47	have	have	AUX
ftr-419	325	48	changed	change	VERB
ftr-419	325	49	.	.	PUNCT
ftr-419	326	1	while	while	SCONJ
ftr-419	326	2	x	x	PRON
ftr-419	326	3	did	do	AUX
ftr-419	326	4	recognize	recognize	VERB
ftr-419	326	5	$	$	SYM
ftr-419	326	6	12,000	12,000	NUM
ftr-419	326	7	of	of	ADP
ftr-419	326	8	ordinary	ordinary	ADJ
ftr-419	326	9	income	income	NOUN
ftr-419	326	10	,	,	PUNCT
ftr-419	326	11	her	her	PRON
ftr-419	326	12	one	one	NUM
ftr-419	326	13	-	-	PUNCT
ftr-419	326	14	third	third	NOUN
ftr-419	326	15	interest	interest	NOUN
ftr-419	326	16	in	in	ADP
ftr-419	326	17	the	the	DET
ftr-419	326	18	$	$	SYM
ftr-419	326	19	60,000	60,000	NUM
ftr-419	326	20	of	of	ADP
ftr-419	326	21	appreciation	appreciation	NOUN
ftr-419	326	22	in	in	ADP
ftr-419	326	23	partnership	partnership	NOUN
ftr-419	326	24	assets	asset	NOUN
ftr-419	326	25	was	be	AUX
ftr-419	326	26	unaltered	unaltere	VERB
ftr-419	326	27	;	;	PUNCT
ftr-419	326	28	and	and	CCONJ
ftr-419	326	29	so	so	ADV
ftr-419	326	30	there	there	PRON
ftr-419	326	31	should	should	AUX
ftr-419	326	32	be	be	AUX
ftr-419	326	33	no	no	DET
ftr-419	326	34	change	change	NOUN
ftr-419	326	35	in	in	ADP
ftr-419	326	36	the	the	DET
ftr-419	326	37	amount	amount	NOUN
ftr-419	326	38	of	of	ADP
ftr-419	326	39	gain	gain	NOUN
ftr-419	326	40	she	she	PRON
ftr-419	326	41	will	will	AUX
ftr-419	326	42	recognize	recognize	VERB
ftr-419	326	43	on	on	ADP
ftr-419	326	44	a	a	DET
ftr-419	326	45	sale	sale	NOUN
ftr-419	326	46	of	of	ADP
ftr-419	326	47	her	her	PRON
ftr-419	326	48	partnership	partnership	NOUN
ftr-419	326	49	interest	interest	NOUN
ftr-419	326	50	.	.	PUNCT
ftr-419	327	1	the	the	DET
ftr-419	327	2	$	$	SYM
ftr-419	327	3	12,000	12,000	NUM
ftr-419	327	4	of	of	ADP
ftr-419	327	5	income	income	NOUN
ftr-419	327	6	that	that	PRON
ftr-419	327	7	x	x	PUNCT
ftr-419	327	8	recognized	recognize	VERB
ftr-419	327	9	has	have	VERB
ftr-419	327	10	no	no	DET
ftr-419	327	11	relationship	relationship	NOUN
ftr-419	327	12	to	to	ADP
ftr-419	327	13	her	her	PRON
ftr-419	327	14	share	share	NOUN
ftr-419	327	15	of	of	ADP
ftr-419	327	16	partnership	partnership	NOUN
ftr-419	327	17	assets	asset	NOUN
ftr-419	327	18	.	.	PUNCT
ftr-419	328	1	if	if	SCONJ
ftr-419	328	2	,	,	PUNCT
ftr-419	328	3	contrary	contrary	ADV
ftr-419	328	4	to	to	ADP
ftr-419	328	5	the	the	DET
ftr-419	328	6	authors	author	NOUN
ftr-419	328	7	'	'	PART
ftr-419	328	8	view	view	NOUN
ftr-419	328	9	,	,	PUNCT
ftr-419	328	10	the	the	DET
ftr-419	328	11	guaranteed	guarantee	VERB
ftr-419	328	12	payment	payment	NOUN
ftr-419	328	13	to	to	ADP
ftr-419	328	14	x	x	NUM
ftr-419	328	15	were	be	AUX
ftr-419	328	16	deemed	deem	VERB
ftr-419	328	17	to	to	PART
ftr-419	328	18	reduce	reduce	VERB
ftr-419	328	19	her	she	PRON
ftr-419	328	20	outside	outside	ADJ
ftr-419	328	21	basis	basis	NOUN
ftr-419	328	22	in	in	ADP
ftr-419	328	23	her	her	PRON
ftr-419	328	24	partnership	partnership	NOUN
ftr-419	328	25	interest	interest	NOUN
ftr-419	328	26	,	,	PUNCT
ftr-419	328	27	x	x	PRON
ftr-419	328	28	would	would	AUX
ftr-419	328	29	have	have	VERB
ftr-419	328	30	an	an	DET
ftr-419	328	31	outside	outside	ADJ
ftr-419	328	32	basis	basis	NOUN
ftr-419	328	33	of	of	ADP
ftr-419	328	34	only	only	ADV
ftr-419	328	35	$	$	SYM
ftr-419	328	36	24,000	24,000	NUM
ftr-419	328	37	;	;	PUNCT
ftr-419	328	38	and	and	CCONJ
ftr-419	328	39	so	so	ADV
ftr-419	328	40	x	x	PRON
ftr-419	328	41	would	would	AUX
ftr-419	328	42	recognize	recognize	VERB
ftr-419	328	43	a	a	DET
ftr-419	328	44	gain	gain	NOUN
ftr-419	328	45	of	of	ADP
ftr-419	328	46	$	$	SYM
ftr-419	328	47	32,000	32,000	NUM
ftr-419	328	48	on	on	ADP
ftr-419	328	49	a	a	DET
ftr-419	328	50	sale	sale	NOUN
ftr-419	328	51	of	of	ADP
ftr-419	328	52	her	her	PRON
ftr-419	328	53	partnership	partnership	NOUN
ftr-419	328	54	interest	interest	NOUN
ftr-419	328	55	for	for	ADP
ftr-419	328	56	its	its	PRON
ftr-419	328	57	book	book	NOUN
ftr-419	328	58	value	value	NOUN
ftr-419	328	59	(	(	PUNCT
ftr-419	328	60	$	$	SYM
ftr-419	328	61	56,000	56,000	NUM
ftr-419	328	62	book	book	NOUN
ftr-419	328	63	value	value	NOUN
ftr-419	328	64	minus	minus	CCONJ
ftr-419	328	65	$	$	SYM
ftr-419	328	66	24,000	24,000	NUM
ftr-419	328	67	outside	outside	ADP
ftr-419	328	68	basis	basis	NOUN
ftr-419	328	69	)	)	PUNCT
ftr-419	328	70	.	.	PUNCT
ftr-419	329	1	the	the	DET
ftr-419	329	2	$	$	SYM
ftr-419	329	3	12,000	12,000	NUM
ftr-419	329	4	that	that	PRON
ftr-419	329	5	x	x	PUNCT
ftr-419	329	6	received	receive	VERB
ftr-419	329	7	from	from	ADP
ftr-419	329	8	p	p	PROPN
ftr-419	329	9	was	be	AUX
ftr-419	329	10	included	include	VERB
ftr-419	329	11	in	in	ADP
ftr-419	329	12	her	her	PRON
ftr-419	329	13	ordinary	ordinary	ADJ
ftr-419	329	14	income	income	NOUN
ftr-419	329	15	,	,	PUNCT
ftr-419	329	16	and	and	CCONJ
ftr-419	329	17	so	so	ADV
ftr-419	329	18	there	there	PRON
ftr-419	329	19	is	be	VERB
ftr-419	329	20	no	no	DET
ftr-419	329	21	justification	justification	NOUN
ftr-419	329	22	for	for	ADP
ftr-419	329	23	having	have	VERB
ftr-419	329	24	that	that	DET
ftr-419	329	25	payment	payment	NOUN
ftr-419	329	26	increase	increase	VERB
ftr-419	329	27	the	the	DET
ftr-419	329	28	amount	amount	NOUN
ftr-419	329	29	of	of	ADP
ftr-419	329	30	gain	gain	NOUN
ftr-419	329	31	she	she	PRON
ftr-419	329	32	would	would	AUX
ftr-419	329	33	recognize	recognize	VERB
ftr-419	329	34	on	on	ADP
ftr-419	329	35	a	a	DET
ftr-419	329	36	sale	sale	NOUN
ftr-419	329	37	of	of	ADP
ftr-419	329	38	her	her	PRON
ftr-419	329	39	interest	interest	NOUN
ftr-419	329	40	.	.	PUNCT
ftr-419	330	1	it	it	PRON
ftr-419	330	2	must	must	AUX
ftr-419	330	3	be	be	AUX
ftr-419	330	4	acknowledged	acknowledge	VERB
ftr-419	330	5	that	that	SCONJ
ftr-419	330	6	the	the	DET
ftr-419	330	7	tax	tax	NOUN
ftr-419	330	8	scheme	scheme	NOUN
ftr-419	330	9	employed	employ	VERB
ftr-419	330	10	by	by	ADP
ftr-419	330	11	subchapter	subchapter	NOUN
ftr-419	330	12	k	k	PROPN
ftr-419	330	13	will	will	AUX
ftr-419	330	14	not	not	PART
ftr-419	330	15	always	always	ADV
ftr-419	330	16	yield	yield	VERB
ftr-419	330	17	an	an	DET
ftr-419	330	18	optimum	optimum	ADJ
ftr-419	330	19	result	result	NOUN
ftr-419	330	20	.	.	PUNCT
ftr-419	331	1	since	since	SCONJ
ftr-419	331	2	congress	congress	PROPN
ftr-419	331	3	chose	choose	VERB
ftr-419	331	4	not	not	PART
ftr-419	331	5	to	to	PART
ftr-419	331	6	apply	apply	VERB
ftr-419	331	7	exclusively	exclusively	ADV
ftr-419	331	8	either	either	CCONJ
ftr-419	331	9	an	an	DET
ftr-419	331	10	entity	entity	NOUN
ftr-419	331	11	or	or	CCONJ
ftr-419	331	12	an	an	DET
ftr-419	331	13	aggregate	aggregate	ADJ
ftr-419	331	14	approach	approach	NOUN
ftr-419	331	15	,	,	PUNCT
ftr-419	331	16	there	there	PRON
ftr-419	331	17	will	will	AUX
ftr-419	331	18	be	be	AUX
ftr-419	331	19	some	some	DET
ftr-419	331	20	inconsistencies	inconsistency	NOUN
ftr-419	331	21	of	of	ADP
ftr-419	331	22	treatment	treatment	NOUN
ftr-419	331	23	.	.	PUNCT
ftr-419	332	1	however	however	ADV
ftr-419	332	2	,	,	PUNCT
ftr-419	332	3	the	the	DET
ftr-419	332	4	partnership	partnership	NOUN
ftr-419	332	5	tax	tax	NOUN
ftr-419	332	6	provisions	provision	NOUN
ftr-419	332	7	should	should	AUX
ftr-419	332	8	be	be	AUX
ftr-419	332	9	construed	construe	VERB
ftr-419	332	10	to	to	PART
ftr-419	332	11	avoid	avoid	VERB
ftr-419	332	12	an	an	DET
ftr-419	332	13	obviously	obviously	ADV
ftr-419	332	14	improper	improper	ADJ
ftr-419	332	15	result	result	NOUN
ftr-419	332	16	when	when	SCONJ
ftr-419	332	17	there	there	PRON
ftr-419	332	18	is	be	VERB
ftr-419	332	19	no	no	DET
ftr-419	332	20	statutory	statutory	ADJ
ftr-419	332	21	language	language	NOUN
ftr-419	332	22	requiring	require	VERB
ftr-419	332	23	that	that	DET
ftr-419	332	24	result	result	NOUN
ftr-419	332	25	and	and	CCONJ
ftr-419	332	26	there	there	PRON
ftr-419	332	27	is	be	VERB
ftr-419	332	28	no	no	DET
ftr-419	332	29	external	external	ADJ
ftr-419	332	30	reason	reason	NOUN
ftr-419	332	31	for	for	ADP
ftr-419	332	32	imposing	impose	VERB
ftr-419	332	33	it	it	PRON
ftr-419	332	34	.	.	PUNCT
ftr-419	333	1	to	to	PART
ftr-419	333	2	require	require	VERB
ftr-419	333	3	x	x	PUNCT
ftr-419	333	4	to	to	PART
ftr-419	333	5	reduce	reduce	VERB
ftr-419	333	6	her	she	PRON
ftr-419	333	7	outside	outside	ADJ
ftr-419	333	8	basis	basis	NOUN
ftr-419	333	9	in	in	ADP
ftr-419	333	10	her	her	PRON
ftr-419	333	11	partnership	partnership	NOUN
ftr-419	333	12	interest	interest	NOUN
ftr-419	333	13	by	by	ADP
ftr-419	333	14	the	the	DET
ftr-419	333	15	$	$	SYM
ftr-419	333	16	12,000	12,000	NUM
ftr-419	333	17	guaranteed	guarantee	VERB
ftr-419	333	18	payment	payment	NOUN
ftr-419	333	19	would	would	AUX
ftr-419	333	20	be	be	AUX
ftr-419	333	21	capricious	capricious	ADJ
ftr-419	333	22	.	.	PUNCT
ftr-419	334	1	for	for	ADP
ftr-419	334	2	the	the	DET
ftr-419	334	3	same	same	ADJ
ftr-419	334	4	reasons	reason	NOUN
ftr-419	334	5	,	,	PUNCT
ftr-419	334	6	a	a	DET
ftr-419	334	7	guaranteed	guarantee	VERB
ftr-419	334	8	payment	payment	NOUN
ftr-419	334	9	made	make	VERB
ftr-419	334	10	in	in	ADP
ftr-419	334	11	kind	kind	NOUN
ftr-419	334	12	will	will	AUX
ftr-419	334	13	affect	affect	VERB
ftr-419	334	14	the	the	DET
ftr-419	334	15	service	service	NOUN
ftr-419	334	16	partner	partner	NOUN
ftr-419	334	17	's	's	PART
ftr-419	334	18	outside	outside	ADJ
ftr-419	334	19	basis	basis	NOUN
ftr-419	334	20	only	only	ADV
ftr-419	334	21	to	to	ADP
ftr-419	334	22	the	the	DET
ftr-419	334	23	extent	extent	NOUN
ftr-419	334	24	of	of	ADP
ftr-419	334	25	the	the	DET
ftr-419	334	26	partner	partner	NOUN
ftr-419	334	27	's	's	PART
ftr-419	334	28	share	share	NOUN
ftr-419	334	29	of	of	ADP
ftr-419	334	30	the	the	DET
ftr-419	334	31	deduction	deduction	NOUN
ftr-419	334	32	allowed	allow	VERB
ftr-419	334	33	to	to	ADP
ftr-419	334	34	the	the	DET
ftr-419	334	35	partnership	partnership	NOUN
ftr-419	334	36	under	under	ADP
ftr-419	334	37	section	section	NOUN
ftr-419	334	38	162	162	NUM
ftr-419	334	39	.	.	PUNCT
ftr-419	335	1	since	since	SCONJ
ftr-419	335	2	the	the	DET
ftr-419	335	3	amount	amount	NOUN
ftr-419	335	4	of	of	ADP
ftr-419	335	5	the	the	DET
ftr-419	335	6	partnership	partnership	NOUN
ftr-419	335	7	's	's	PART
ftr-419	335	8	deduction	deduction	NOUN
ftr-419	335	9	is	be	AUX
ftr-419	335	10	equal	equal	ADJ
ftr-419	335	11	to	to	ADP
ftr-419	335	12	the	the	DET
ftr-419	335	13	fair	fair	ADJ
ftr-419	335	14	market	market	NOUN
ftr-419	335	15	value	value	NOUN
ftr-419	335	16	of	of	ADP
ftr-419	335	17	the	the	DET
ftr-419	335	18	property	property	NOUN
ftr-419	335	19	,	,	PUNCT
ftr-419	335	20	the	the	DET
ftr-419	335	21	book	book	NOUN
ftr-419	335	22	value	value	NOUN
ftr-419	335	23	of	of	ADP
ftr-419	335	24	the	the	DET
ftr-419	335	25	property	property	NOUN
ftr-419	335	26	must	must	AUX
ftr-419	335	27	be	be	AUX
ftr-419	335	28	changed	change	VERB
ftr-419	335	29	to	to	PART
ftr-419	335	30	equal	equal	VERB
ftr-419	335	31	its	its	PRON
ftr-419	335	32	fair	fair	ADJ
ftr-419	335	33	market	market	NOUN
ftr-419	335	34	value	value	NOUN
ftr-419	335	35	immediately	immediately	ADV
ftr-419	335	36	before	before	SCONJ
ftr-419	335	37	the	the	DET
ftr-419	335	38	payment	payment	NOUN
ftr-419	335	39	is	be	AUX
ftr-419	335	40	made	make	VERB
ftr-419	335	41	;	;	PUNCT
ftr-419	335	42	and	and	CCONJ
ftr-419	335	43	the	the	DET
ftr-419	335	44	difference	difference	NOUN
ftr-419	335	45	between	between	ADP
ftr-419	335	46	the	the	DET
ftr-419	335	47	property	property	NOUN
ftr-419	335	48	's	's	PART
ftr-419	335	49	new	new	ADJ
ftr-419	335	50	and	and	CCONJ
ftr-419	335	51	old	old	ADJ
ftr-419	335	52	book	book	NOUN
ftr-419	335	53	values	value	NOUN
ftr-419	335	54	must	must	AUX
ftr-419	335	55	be	be	AUX
ftr-419	335	56	allocated	allocate	VERB
ftr-419	335	57	among	among	ADP
ftr-419	335	58	the	the	DET
ftr-419	335	59	partners	partner	NOUN
ftr-419	335	60	'	'	PART
ftr-419	335	61	capital	capital	NOUN
ftr-419	335	62	accounts	account	NOUN
ftr-419	335	63	according	accord	VERB
ftr-419	335	64	to	to	ADP
ftr-419	335	65	their	their	PRON
ftr-419	335	66	percentage	percentage	NOUN
ftr-419	335	67	interests	interest	NOUN
ftr-419	335	68	in	in	ADP
ftr-419	335	69	the	the	DET
ftr-419	335	70	partnership	partnership	NOUN
ftr-419	335	71	.	.	PUNCT
ftr-419	336	1	20041	20041	NUM
ftr-419	336	2	florida	florida	PROPN
ftr-419	336	3	tax	tax	PROPN
ftr-419	336	4	review	review	NOUN
ftr-419	336	5	consequently	consequently	ADV
ftr-419	336	6	,	,	PUNCT
ftr-419	336	7	the	the	DET
ftr-419	336	8	book	book	NOUN
ftr-419	336	9	value	value	NOUN
ftr-419	336	10	of	of	ADP
ftr-419	336	11	property	property	NOUN
ftr-419	336	12	used	use	VERB
ftr-419	336	13	to	to	PART
ftr-419	336	14	make	make	VERB
ftr-419	336	15	a	a	DET
ftr-419	336	16	guaranteed	guarantee	VERB
ftr-419	336	17	payment	payment	NOUN
ftr-419	336	18	will	will	AUX
ftr-419	336	19	equal	equal	VERB
ftr-419	336	20	its	its	PRON
ftr-419	336	21	fair	fair	ADJ
ftr-419	336	22	market	market	NOUN
ftr-419	336	23	value	value	NOUN
ftr-419	336	24	at	at	ADP
ftr-419	336	25	the	the	DET
ftr-419	336	26	time	time	NOUN
ftr-419	336	27	the	the	DET
ftr-419	336	28	payment	payment	NOUN
ftr-419	336	29	takes	take	VERB
ftr-419	336	30	place.ss	place.ss	PROPN
ftr-419	336	31	b.	b.	PROPN
ftr-419	336	32	partnership	partnership	PROPN
ftr-419	336	33	's	's	PART
ftr-419	336	34	recognition	recognition	NOUN
ftr-419	336	35	of	of	ADP
ftr-419	336	36	gain	gain	NOUN
ftr-419	336	37	or	or	CCONJ
ftr-419	336	38	loss	loss	NOUN
ftr-419	336	39	as	as	SCONJ
ftr-419	336	40	noted	note	VERB
ftr-419	336	41	above	above	ADV
ftr-419	336	42	,	,	PUNCT
ftr-419	336	43	if	if	SCONJ
ftr-419	336	44	a	a	DET
ftr-419	336	45	partnership	partnership	NOUN
ftr-419	336	46	makes	make	VERB
ftr-419	336	47	a	a	DET
ftr-419	336	48	guaranteed	guarantee	VERB
ftr-419	336	49	payment	payment	NOUN
ftr-419	336	50	in	in	ADP
ftr-419	336	51	kind	kind	NOUN
ftr-419	336	52	,	,	PUNCT
ftr-419	336	53	and	and	CCONJ
ftr-419	336	54	the	the	DET
ftr-419	336	55	property	property	NOUN
ftr-419	336	56	is	be	AUX
ftr-419	336	57	appreciated	appreciate	VERB
ftr-419	336	58	,	,	PUNCT
ftr-419	336	59	the	the	DET
ftr-419	336	60	partnership	partnership	NOUN
ftr-419	336	61	will	will	AUX
ftr-419	336	62	recognize	recognize	VERB
ftr-419	336	63	income	income	NOUN
ftr-419	336	64	if	if	SCONJ
ftr-419	336	65	that	that	DET
ftr-419	336	66	payment	payment	NOUN
ftr-419	336	67	is	be	AUX
ftr-419	336	68	treated	treat	VERB
ftr-419	336	69	as	as	ADP
ftr-419	336	70	one	one	NUM
ftr-419	336	71	made	make	VERB
ftr-419	336	72	by	by	ADP
ftr-419	336	73	an	an	DET
ftr-419	336	74	entity	entity	NOUN
ftr-419	336	75	to	to	ADP
ftr-419	336	76	an	an	DET
ftr-419	336	77	employee;57	employee;57	NOUN
ftr-419	336	78	but	but	CCONJ
ftr-419	336	79	it	it	PRON
ftr-419	336	80	will	will	AUX
ftr-419	336	81	not	not	PART
ftr-419	336	82	recognize	recognize	VERB
ftr-419	336	83	income	income	NOUN
ftr-419	336	84	if	if	SCONJ
ftr-419	336	85	the	the	DET
ftr-419	336	86	payment	payment	NOUN
ftr-419	336	87	is	be	AUX
ftr-419	336	88	treated	treat	VERB
ftr-419	336	89	as	as	ADP
ftr-419	336	90	a	a	DET
ftr-419	336	91	partnership	partnership	NOUN
ftr-419	336	92	distribution	distribution	NOUN
ftr-419	336	93	(	(	PUNCT
ftr-419	336	94	i.e.	i.e.	X
ftr-419	336	95	,	,	PUNCT
ftr-419	336	96	a	a	DET
ftr-419	336	97	non	non	ADJ
ftr-419	336	98	-	-	ADJ
ftr-419	336	99	entity	entity	ADJ
ftr-419	336	100	treatment).58	treatment).58	NOUN
ftr-419	336	101	the	the	DET
ftr-419	336	102	problem	problem	NOUN
ftr-419	336	103	is	be	AUX
ftr-419	336	104	that	that	SCONJ
ftr-419	336	105	the	the	DET
ftr-419	336	106	guaranteed	guarantee	VERB
ftr-419	336	107	payment	payment	NOUN
ftr-419	336	108	is	be	AUX
ftr-419	336	109	treated	treat	VERB
ftr-419	336	110	as	as	ADP
ftr-419	336	111	a	a	DET
ftr-419	336	112	payment	payment	NOUN
ftr-419	336	113	to	to	ADP
ftr-419	336	114	an	an	DET
ftr-419	336	115	employee	employee	NOUN
ftr-419	336	116	for	for	ADP
ftr-419	336	117	some	some	DET
ftr-419	336	118	purposes	purpose	NOUN
ftr-419	336	119	but	but	CCONJ
ftr-419	336	120	not	not	PART
ftr-419	336	121	for	for	ADP
ftr-419	336	122	others	other	NOUN
ftr-419	336	123	.	.	PUNCT
ftr-419	337	1	the	the	DET
ftr-419	337	2	literal	literal	ADJ
ftr-419	337	3	language	language	NOUN
ftr-419	337	4	of	of	ADP
ftr-419	337	5	section	section	NOUN
ftr-419	337	6	707(c	707(c	PROPN
ftr-419	337	7	)	)	PUNCT
ftr-419	337	8	would	would	AUX
ftr-419	337	9	treat	treat	VERB
ftr-419	337	10	the	the	DET
ftr-419	337	11	payment	payment	NOUN
ftr-419	337	12	as	as	ADP
ftr-419	337	13	having	having	AUX
ftr-419	337	14	been	be	AUX
ftr-419	337	15	made	make	VERB
ftr-419	337	16	to	to	ADP
ftr-419	337	17	an	an	DET
ftr-419	337	18	employee	employee	NOUN
ftr-419	337	19	only	only	ADV
ftr-419	337	20	for	for	ADP
ftr-419	337	21	purposes	purpose	NOUN
ftr-419	337	22	of	of	ADP
ftr-419	337	23	three	three	NUM
ftr-419	337	24	code	code	NOUN
ftr-419	337	25	sections	section	NOUN
ftr-419	337	26	,	,	PUNCT
ftr-419	337	27	one	one	NUM
ftr-419	337	28	of	of	ADP
ftr-419	337	29	which	which	PRON
ftr-419	337	30	is	be	AUX
ftr-419	337	31	section	section	NOUN
ftr-419	337	32	61(a	61(a	NUM
ftr-419	337	33	)	)	PUNCT
ftr-419	337	34	.	.	PUNCT
ftr-419	338	1	it	it	PRON
ftr-419	338	2	could	could	AUX
ftr-419	338	3	be	be	AUX
ftr-419	338	4	contended	contend	VERB
ftr-419	338	5	that	that	SCONJ
ftr-419	338	6	the	the	DET
ftr-419	338	7	statutory	statutory	ADJ
ftr-419	338	8	reference	reference	NOUN
ftr-419	338	9	to	to	ADP
ftr-419	338	10	section	section	NOUN
ftr-419	338	11	61(a	61(a	NUM
ftr-419	338	12	)	)	PUNCT
ftr-419	338	13	incorporates	incorporate	VERB
ftr-419	338	14	the	the	DET
ftr-419	338	15	provision	provision	NOUN
ftr-419	338	16	in	in	ADP
ftr-419	338	17	section	section	NOUN
ftr-419	338	18	61	61	NUM
ftr-419	338	19	(	(	PUNCT
ftr-419	338	20	a)(3	a)(3	NOUN
ftr-419	338	21	)	)	PUNCT
ftr-419	338	22	that	that	SCONJ
ftr-419	338	23	gross	gross	ADJ
ftr-419	338	24	income	income	NOUN
ftr-419	338	25	includes	include	VERB
ftr-419	338	26	"	"	PUNCT
ftr-419	338	27	gains	gain	NOUN
ftr-419	338	28	derived	derive	VERB
ftr-419	338	29	from	from	ADP
ftr-419	338	30	dealings	dealing	NOUN
ftr-419	338	31	with	with	ADP
ftr-419	338	32	property	property	NOUN
ftr-419	338	33	.	.	PUNCT
ftr-419	338	34	"	"	PUNCT
ftr-419	339	1	while	while	SCONJ
ftr-419	339	2	noting	note	VERB
ftr-419	339	3	that	that	SCONJ
ftr-419	339	4	possibility	possibility	NOUN
ftr-419	339	5	,	,	PUNCT
ftr-419	339	6	the	the	DET
ftr-419	339	7	mckee	mckee	PROPN
ftr-419	339	8	treatise	treatise	PROPN
ftr-419	339	9	rejects	reject	VERB
ftr-419	339	10	it	it	PRON
ftr-419	339	11	because	because	SCONJ
ftr-419	339	12	section	section	NOUN
ftr-419	339	13	61(a)(3	61(a)(3	NUM
ftr-419	339	14	)	)	PUNCT
ftr-419	339	15	does	do	AUX
ftr-419	339	16	not	not	PART
ftr-419	339	17	refer	refer	VERB
ftr-419	339	18	to	to	ADP
ftr-419	339	19	losses	loss	NOUN
ftr-419	339	20	,	,	PUNCT
ftr-419	339	21	and	and	CCONJ
ftr-419	339	22	so	so	ADV
ftr-419	339	23	reliance	reliance	NOUN
ftr-419	339	24	on	on	ADP
ftr-419	339	25	that	that	DET
ftr-419	339	26	approach	approach	NOUN
ftr-419	339	27	would	would	AUX
ftr-419	339	28	conflict	conflict	VERB
ftr-419	339	29	with	with	ADP
ftr-419	339	30	the	the	DET
ftr-419	339	31	case	case	NOUN
ftr-419	339	32	law	law	NOUN
ftr-419	339	33	treatment	treatment	NOUN
ftr-419	339	34	of	of	ADP
ftr-419	339	35	payments	payment	NOUN
ftr-419	339	36	in	in	ADP
ftr-419	339	37	kind	kind	NOUN
ftr-419	339	38	to	to	ADP
ftr-419	339	39	employees	employee	NOUN
ftr-419	339	40	where	where	SCONJ
ftr-419	339	41	either	either	CCONJ
ftr-419	339	42	gain	gain	NOUN
ftr-419	339	43	or	or	CCONJ
ftr-419	339	44	loss	loss	NOUN
ftr-419	339	45	can	can	AUX
ftr-419	339	46	be	be	AUX
ftr-419	339	47	recognized.5	recognized.5	ADV
ftr-419	339	48	9	9	NUM
ftr-419	339	49	more	more	ADV
ftr-419	339	50	importantly	importantly	ADV
ftr-419	339	51	,	,	PUNCT
ftr-419	339	52	it	it	PRON
ftr-419	339	53	seems	seem	VERB
ftr-419	339	54	clear	clear	ADJ
ftr-419	339	55	that	that	SCONJ
ftr-419	339	56	congress	congress	PROPN
ftr-419	339	57	referred	refer	VERB
ftr-419	339	58	to	to	ADP
ftr-419	339	59	section	section	NOUN
ftr-419	339	60	61	61	NUM
ftr-419	339	61	(	(	PUNCT
ftr-419	339	62	a	a	NOUN
ftr-419	339	63	)	)	PUNCT
ftr-419	339	64	only	only	ADV
ftr-419	339	65	for	for	ADP
ftr-419	339	66	the	the	DET
ftr-419	339	67	purpose	purpose	NOUN
ftr-419	339	68	of	of	ADP
ftr-419	339	69	causing	cause	VERB
ftr-419	339	70	the	the	DET
ftr-419	339	71	payment	payment	NOUN
ftr-419	339	72	to	to	PART
ftr-419	339	73	be	be	AUX
ftr-419	339	74	treated	treat	VERB
ftr-419	339	75	as	as	ADP
ftr-419	339	76	ordinary	ordinary	ADJ
ftr-419	339	77	income	income	NOUN
ftr-419	339	78	to	to	ADP
ftr-419	339	79	the	the	DET
ftr-419	339	80	recipient	recipient	NOUN
ftr-419	339	81	,	,	PUNCT
ftr-419	339	82	and	and	CCONJ
ftr-419	339	83	congress	congress	PROPN
ftr-419	339	84	never	never	ADV
ftr-419	339	85	gave	give	VERB
ftr-419	339	86	any	any	DET
ftr-419	339	87	thought	thought	NOUN
ftr-419	339	88	to	to	ADP
ftr-419	339	89	the	the	DET
ftr-419	339	90	treatment	treatment	NOUN
ftr-419	339	91	to	to	PART
ftr-419	339	92	be	be	AUX
ftr-419	339	93	accorded	accord	VERB
ftr-419	339	94	payments	payment	NOUN
ftr-419	339	95	made	make	VERB
ftr-419	339	96	in	in	ADP
ftr-419	339	97	kind	kind	NOUN
ftr-419	339	98	.	.	PUNCT
ftr-419	340	1	in	in	ADP
ftr-419	340	2	addition	addition	NOUN
ftr-419	340	3	to	to	ADP
ftr-419	340	4	the	the	DET
ftr-419	340	5	suggestion	suggestion	NOUN
ftr-419	340	6	in	in	ADP
ftr-419	340	7	the	the	DET
ftr-419	340	8	language	language	NOUN
ftr-419	340	9	of	of	ADP
ftr-419	340	10	the	the	DET
ftr-419	340	11	statute	statute	NOUN
ftr-419	340	12	that	that	PRON
ftr-419	340	13	a	a	DET
ftr-419	340	14	guaranteed	guarantee	VERB
ftr-419	340	15	payment	payment	NOUN
ftr-419	340	16	is	be	AUX
ftr-419	340	17	to	to	PART
ftr-419	340	18	be	be	AUX
ftr-419	340	19	treated	treat	VERB
ftr-419	340	20	as	as	ADP
ftr-419	340	21	a	a	DET
ftr-419	340	22	partnership	partnership	NOUN
ftr-419	340	23	distribution	distribution	NOUN
ftr-419	340	24	for	for	ADP
ftr-419	340	25	all	all	DET
ftr-419	340	26	purposes	purpose	NOUN
ftr-419	340	27	other	other	ADJ
ftr-419	340	28	than	than	ADP
ftr-419	340	29	the	the	DET
ftr-419	340	30	three	three	NUM
ftr-419	340	31	mentioned	mention	VERB
ftr-419	340	32	in	in	ADP
ftr-419	340	33	the	the	DET
ftr-419	340	34	statute	statute	NOUN
ftr-419	340	35	,	,	PUNCT
ftr-419	340	36	there	there	PRON
ftr-419	340	37	are	be	VERB
ftr-419	340	38	policy	policy	NOUN
ftr-419	340	39	reasons	reason	NOUN
ftr-419	340	40	for	for	ADP
ftr-419	340	41	finding	find	VERB
ftr-419	340	42	that	that	SCONJ
ftr-419	340	43	the	the	DET
ftr-419	340	44	partnership	partnership	NOUN
ftr-419	340	45	does	do	AUX
ftr-419	340	46	not	not	PART
ftr-419	340	47	recognize	recognize	VERB
ftr-419	340	48	gain	gain	NOUN
ftr-419	340	49	or	or	CCONJ
ftr-419	340	50	loss	loss	NOUN
ftr-419	340	51	on	on	ADP
ftr-419	340	52	making	make	VERB
ftr-419	340	53	a	a	DET
ftr-419	340	54	guaranteed	guarantee	VERB
ftr-419	340	55	payment	payment	NOUN
ftr-419	340	56	in	in	ADP
ftr-419	340	57	kind	kind	NOUN
ftr-419	340	58	.	.	PUNCT
ftr-419	341	1	one	one	NUM
ftr-419	341	2	of	of	ADP
ftr-419	341	3	the	the	DET
ftr-419	341	4	prime	prime	ADJ
ftr-419	341	5	principles	principle	NOUN
ftr-419	341	6	of	of	ADP
ftr-419	341	7	subchapter	subchapter	NOUN
ftr-419	341	8	k	k	PROPN
ftr-419	341	9	is	be	AUX
ftr-419	341	10	to	to	PART
ftr-419	341	11	defer	defer	VERB
ftr-419	341	12	the	the	DET
ftr-419	341	13	recognition	recognition	NOUN
ftr-419	341	14	of	of	ADP
ftr-419	341	15	income	income	NOUN
ftr-419	341	16	or	or	CCONJ
ftr-419	341	17	loss	loss	NOUN
ftr-419	341	18	when	when	SCONJ
ftr-419	341	19	property	property	NOUN
ftr-419	341	20	is	be	AUX
ftr-419	341	21	distributed	distribute	VERB
ftr-419	341	22	to	to	ADP
ftr-419	341	23	a	a	DET
ftr-419	341	24	partner	partner	NOUN
ftr-419	341	25	to	to	ADP
ftr-419	341	26	the	the	DET
ftr-419	341	27	extent	extent	NOUN
ftr-419	341	28	that	that	SCONJ
ftr-419	341	29	deferral	deferral	NOUN
ftr-419	341	30	is	be	AUX
ftr-419	341	31	feasible	feasible	ADJ
ftr-419	341	32	and	and	CCONJ
ftr-419	341	33	does	do	AUX
ftr-419	341	34	not	not	PART
ftr-419	341	35	create	create	VERB
ftr-419	341	36	an	an	DET
ftr-419	341	37	opportunity	opportunity	NOUN
ftr-419	341	38	for	for	ADP
ftr-419	341	39	significant	significant	ADJ
ftr-419	341	40	tax	tax	NOUN
ftr-419	341	41	evasion	evasion	NOUN
ftr-419	341	42	.	.	PUNCT
ftr-419	342	1	presumably	presumably	ADV
ftr-419	342	2	,	,	PUNCT
ftr-419	342	3	congress	congress	PROPN
ftr-419	342	4	chose	choose	VERB
ftr-419	342	5	a	a	DET
ftr-419	342	6	deferral	deferral	ADJ
ftr-419	342	7	system	system	NOUN
ftr-419	342	8	because	because	SCONJ
ftr-419	342	9	it	it	PRON
ftr-419	342	10	removes	remove	VERB
ftr-419	342	11	a	a	DET
ftr-419	342	12	tax	tax	NOUN
ftr-419	342	13	deterrent	deterrent	NOUN
ftr-419	342	14	to	to	ADP
ftr-419	342	15	making	make	VERB
ftr-419	342	16	a	a	DET
ftr-419	342	17	partnership	partnership	NOUN
ftr-419	342	18	distribution	distribution	NOUN
ftr-419	342	19	that	that	PRON
ftr-419	342	20	a	a	DET
ftr-419	342	21	requirement	requirement	NOUN
ftr-419	342	22	of	of	ADP
ftr-419	342	23	immediate	immediate	ADJ
ftr-419	342	24	recognition	recognition	NOUN
ftr-419	342	25	would	would	AUX
ftr-419	342	26	impart	impart	VERB
ftr-419	342	27	and	and	CCONJ
ftr-419	342	28	because	because	SCONJ
ftr-419	342	29	it	it	PRON
ftr-419	342	30	conforms	conform	VERB
ftr-419	342	31	to	to	ADP
ftr-419	342	32	a	a	DET
ftr-419	342	33	non	non	ADJ
ftr-419	342	34	-	-	NOUN
ftr-419	342	35	entity	entity	ADJ
ftr-419	342	36	56	56	NUM
ftr-419	342	37	.	.	PUNCT
ftr-419	343	1	since	since	SCONJ
ftr-419	343	2	the	the	DET
ftr-419	343	3	partnership	partnership	NOUN
ftr-419	343	4	deducts	deduct	VERB
ftr-419	343	5	the	the	DET
ftr-419	343	6	fair	fair	ADJ
ftr-419	343	7	market	market	NOUN
ftr-419	343	8	value	value	NOUN
ftr-419	343	9	of	of	ADP
ftr-419	343	10	the	the	DET
ftr-419	343	11	property	property	NOUN
ftr-419	343	12	,	,	PUNCT
ftr-419	343	13	it	it	PRON
ftr-419	343	14	is	be	AUX
ftr-419	343	15	necessary	necessary	ADJ
ftr-419	343	16	to	to	PART
ftr-419	343	17	change	change	VERB
ftr-419	343	18	its	its	PRON
ftr-419	343	19	book	book	NOUN
ftr-419	343	20	value	value	NOUN
ftr-419	343	21	and	and	CCONJ
ftr-419	343	22	the	the	DET
ftr-419	343	23	capital	capital	NOUN
ftr-419	343	24	accounts	account	NOUN
ftr-419	343	25	of	of	ADP
ftr-419	343	26	the	the	DET
ftr-419	343	27	partners	partner	NOUN
ftr-419	343	28	so	so	SCONJ
ftr-419	343	29	that	that	SCONJ
ftr-419	343	30	the	the	DET
ftr-419	343	31	actual	actual	ADJ
ftr-419	343	32	value	value	NOUN
ftr-419	343	33	of	of	ADP
ftr-419	343	34	the	the	DET
ftr-419	343	35	partners	partner	NOUN
ftr-419	343	36	'	'	PART
ftr-419	343	37	interests	interest	NOUN
ftr-419	343	38	in	in	ADP
ftr-419	343	39	the	the	DET
ftr-419	343	40	partnership	partnership	NOUN
ftr-419	343	41	will	will	AUX
ftr-419	343	42	be	be	AUX
ftr-419	343	43	reflected	reflect	VERB
ftr-419	343	44	in	in	ADP
ftr-419	343	45	those	those	DET
ftr-419	343	46	capital	capital	NOUN
ftr-419	343	47	accounts	account	NOUN
ftr-419	343	48	.	.	PUNCT
ftr-419	344	1	the	the	DET
ftr-419	344	2	treatment	treatment	NOUN
ftr-419	344	3	so	so	ADV
ftr-419	344	4	accorded	accord	VERB
ftr-419	344	5	to	to	ADP
ftr-419	344	6	guaranteed	guarantee	VERB
ftr-419	344	7	payments	payment	NOUN
ftr-419	344	8	is	be	AUX
ftr-419	344	9	the	the	DET
ftr-419	344	10	same	same	ADJ
ftr-419	344	11	in	in	ADP
ftr-419	344	12	this	this	DET
ftr-419	344	13	respect	respect	NOUN
ftr-419	344	14	as	as	ADP
ftr-419	344	15	the	the	DET
ftr-419	344	16	treatment	treatment	NOUN
ftr-419	344	17	accorded	accord	VERB
ftr-419	344	18	to	to	ADP
ftr-419	344	19	partnership	partnership	NOUN
ftr-419	344	20	operating	operating	NOUN
ftr-419	344	21	distributions	distribution	NOUN
ftr-419	344	22	of	of	ADP
ftr-419	344	23	property	property	NOUN
ftr-419	344	24	.	.	PUNCT
ftr-419	345	1	see	see	VERB
ftr-419	345	2	supra	supra	ADJ
ftr-419	345	3	text	text	NOUN
ftr-419	345	4	accompanying	accompanying	ADJ
ftr-419	345	5	notes	note	NOUN
ftr-419	345	6	27	27	NUM
ftr-419	345	7	and	and	CCONJ
ftr-419	345	8	28	28	NUM
ftr-419	345	9	.	.	X
ftr-419	346	1	57	57	NUM
ftr-419	346	2	.	.	PUNCT
ftr-419	347	1	see	see	VERB
ftr-419	347	2	supra	supra	ADJ
ftr-419	347	3	text	text	NOUN
ftr-419	347	4	accompanying	accompanying	ADJ
ftr-419	347	5	note	note	NOUN
ftr-419	347	6	40	40	NUM
ftr-419	347	7	.	.	PUNCT
ftr-419	348	1	58	58	NUM
ftr-419	348	2	.	.	PUNCT
ftr-419	349	1	see	see	VERB
ftr-419	349	2	supra	supra	ADJ
ftr-419	349	3	text	text	NOUN
ftr-419	349	4	accompanying	accompanying	ADJ
ftr-419	349	5	note	note	NOUN
ftr-419	349	6	17	17	NUM
ftr-419	349	7	.	.	X
ftr-419	350	1	59	59	NUM
ftr-419	350	2	.	.	PUNCT
ftr-419	351	1	mckee	mckee	PROPN
ftr-419	351	2	,	,	PUNCT
ftr-419	351	3	supra	supra	PROPN
ftr-419	351	4	note	note	NOUN
ftr-419	351	5	2	2	NUM
ftr-419	351	6	at	at	ADP
ftr-419	351	7	113.03(5	113.03(5	NUM
ftr-419	351	8	)	)	PUNCT
ftr-419	351	9	,	,	PUNCT
ftr-419	351	10	n.	n.	NOUN
ftr-419	351	11	174	174	NUM
ftr-419	351	12	.	.	PUNCT
ftr-419	352	1	[	[	X
ftr-419	352	2	vol.6:5	vol.6:5	VERB
ftr-419	352	3	guaranteed	guarantee	VERB
ftr-419	352	4	payments	payment	NOUN
ftr-419	352	5	made	make	VERB
ftr-419	352	6	in	in	ADP
ftr-419	352	7	kind	kind	NOUN
ftr-419	352	8	by	by	ADP
ftr-419	352	9	a	a	DET
ftr-419	352	10	partnership	partnership	NOUN
ftr-419	352	11	characterization	characterization	NOUN
ftr-419	352	12	of	of	ADP
ftr-419	352	13	a	a	DET
ftr-419	352	14	partnership	partnership	NOUN
ftr-419	352	15	.	.	PUNCT
ftr-419	353	1	prior	prior	ADV
ftr-419	353	2	to	to	ADP
ftr-419	353	3	the	the	DET
ftr-419	353	4	adoption	adoption	NOUN
ftr-419	353	5	of	of	ADP
ftr-419	353	6	section	section	NOUN
ftr-419	353	7	707(c	707(c	PROPN
ftr-419	353	8	)	)	PUNCT
ftr-419	353	9	,	,	PUNCT
ftr-419	353	10	in	in	ADP
ftr-419	353	11	most	most	ADJ
ftr-419	353	12	circumstances	circumstance	NOUN
ftr-419	353	13	,	,	PUNCT
ftr-419	353	14	a	a	DET
ftr-419	353	15	salary	salary	NOUN
ftr-419	353	16	payment	payment	NOUN
ftr-419	353	17	to	to	ADP
ftr-419	353	18	a	a	DET
ftr-419	353	19	partner	partner	NOUN
ftr-419	353	20	in	in	ADP
ftr-419	353	21	his	his	PRON
ftr-419	353	22	capacity	capacity	NOUN
ftr-419	353	23	as	as	SCONJ
ftr-419	353	24	such	such	ADJ
ftr-419	353	25	was	be	AUX
ftr-419	353	26	treated	treat	VERB
ftr-419	353	27	as	as	ADP
ftr-419	353	28	having	having	AUX
ftr-419	353	29	come	come	VERB
ftr-419	353	30	from	from	ADP
ftr-419	353	31	a	a	DET
ftr-419	353	32	non	non	ADJ
ftr-419	353	33	-	-	NOUN
ftr-419	353	34	entity	entity	NOUN
ftr-419	353	35	and	and	CCONJ
ftr-419	353	36	having	have	VERB
ftr-419	353	37	significance	significance	NOUN
ftr-419	353	38	only	only	ADV
ftr-419	353	39	in	in	ADP
ftr-419	353	40	being	be	AUX
ftr-419	353	41	a	a	DET
ftr-419	353	42	source	source	NOUN
ftr-419	353	43	for	for	ADP
ftr-419	353	44	the	the	DET
ftr-419	353	45	allocation	allocation	NOUN
ftr-419	353	46	of	of	ADP
ftr-419	353	47	partnership	partnership	NOUN
ftr-419	353	48	income	income	NOUN
ftr-419	353	49	among	among	ADP
ftr-419	353	50	the	the	DET
ftr-419	353	51	partners	partner	NOUN
ftr-419	353	52	;	;	PUNCT
ftr-419	353	53	but	but	CCONJ
ftr-419	353	54	that	that	DET
ftr-419	353	55	treatment	treatment	NOUN
ftr-419	353	56	was	be	AUX
ftr-419	353	57	subject	subject	ADJ
ftr-419	353	58	to	to	ADP
ftr-419	353	59	arbitrary	arbitrary	ADJ
ftr-419	353	60	variations	variation	NOUN
ftr-419	353	61	which	which	PRON
ftr-419	353	62	sometimes	sometimes	ADV
ftr-419	353	63	were	be	AUX
ftr-419	353	64	difficult	difficult	ADJ
ftr-419	353	65	to	to	PART
ftr-419	353	66	predict	predict	VERB
ftr-419	353	67	.	.	PUNCT
ftr-419	354	1	congress	congress	PROPN
ftr-419	354	2	adopted	adopt	VERB
ftr-419	354	3	section	section	NOUN
ftr-419	354	4	707(c	707(c	PROPN
ftr-419	354	5	)	)	PUNCT
ftr-419	354	6	to	to	PART
ftr-419	354	7	provide	provide	VERB
ftr-419	354	8	more	more	ADV
ftr-419	354	9	consistent	consistent	ADJ
ftr-419	354	10	and	and	CCONJ
ftr-419	354	11	predictable	predictable	ADJ
ftr-419	354	12	rules	rule	NOUN
ftr-419	354	13	.	.	PUNCT
ftr-419	355	1	it	it	PRON
ftr-419	355	2	seems	seem	VERB
ftr-419	355	3	highly	highly	ADV
ftr-419	355	4	unlikely	unlikely	ADJ
ftr-419	355	5	that	that	SCONJ
ftr-419	355	6	in	in	ADP
ftr-419	355	7	making	make	VERB
ftr-419	355	8	that	that	SCONJ
ftr-419	355	9	simplifying	simplifying	NOUN
ftr-419	355	10	change	change	NOUN
ftr-419	355	11	,	,	PUNCT
ftr-419	355	12	congress	congress	PROPN
ftr-419	355	13	would	would	AUX
ftr-419	355	14	have	have	AUX
ftr-419	355	15	wished	wish	VERB
ftr-419	355	16	to	to	PART
ftr-419	355	17	depart	depart	VERB
ftr-419	355	18	from	from	ADP
ftr-419	355	19	its	its	PRON
ftr-419	355	20	normal	normal	ADJ
ftr-419	355	21	rule	rule	NOUN
ftr-419	355	22	of	of	ADP
ftr-419	355	23	deferral	deferral	NOUN
ftr-419	355	24	for	for	ADP
ftr-419	355	25	the	the	DET
ftr-419	355	26	appreciated	appreciated	ADJ
ftr-419	355	27	or	or	CCONJ
ftr-419	355	28	depreciated	depreciate	VERB
ftr-419	355	29	element	element	NOUN
ftr-419	355	30	of	of	ADP
ftr-419	355	31	distributed	distribute	VERB
ftr-419	355	32	property	property	NOUN
ftr-419	355	33	.	.	PUNCT
ftr-419	356	1	moreover	moreover	ADV
ftr-419	356	2	,	,	PUNCT
ftr-419	356	3	as	as	SCONJ
ftr-419	356	4	shown	show	VERB
ftr-419	356	5	below	below	ADP
ftr-419	356	6	,	,	PUNCT
ftr-419	356	7	if	if	SCONJ
ftr-419	356	8	the	the	DET
ftr-419	356	9	partnership	partnership	NOUN
ftr-419	356	10	were	be	AUX
ftr-419	356	11	required	require	VERB
ftr-419	356	12	to	to	PART
ftr-419	356	13	recognize	recognize	VERB
ftr-419	356	14	gain	gain	NOUN
ftr-419	356	15	or	or	CCONJ
ftr-419	356	16	loss	loss	NOUN
ftr-419	356	17	,	,	PUNCT
ftr-419	356	18	that	that	PRON
ftr-419	356	19	would	would	AUX
ftr-419	356	20	cause	cause	VERB
ftr-419	356	21	a	a	DET
ftr-419	356	22	greater	great	ADJ
ftr-419	356	23	amount	amount	NOUN
ftr-419	356	24	of	of	ADP
ftr-419	356	25	complexity	complexity	NOUN
ftr-419	356	26	than	than	ADP
ftr-419	356	27	that	that	PRON
ftr-419	356	28	which	which	PRON
ftr-419	356	29	congress	congress	PROPN
ftr-419	356	30	sought	seek	VERB
ftr-419	356	31	to	to	PART
ftr-419	356	32	remove	remove	VERB
ftr-419	356	33	by	by	ADP
ftr-419	356	34	adopting	adopt	VERB
ftr-419	356	35	the	the	DET
ftr-419	356	36	guaranteed	guarantee	VERB
ftr-419	356	37	payment	payment	NOUN
ftr-419	356	38	provision	provision	NOUN
ftr-419	356	39	.	.	PUNCT
ftr-419	357	1	consider	consider	VERB
ftr-419	357	2	the	the	DET
ftr-419	357	3	circumstance	circumstance	NOUN
ftr-419	357	4	described	describe	VERB
ftr-419	357	5	in	in	ADP
ftr-419	357	6	part	part	NOUN
ftr-419	357	7	iii	iii	NOUN
ftr-419	357	8	of	of	ADP
ftr-419	357	9	.	.	PUNCT
ftr-419	358	1	this	this	DET
ftr-419	358	2	article	article	NOUN
ftr-419	358	3	where	where	SCONJ
ftr-419	358	4	a	a	DET
ftr-419	358	5	partnership	partnership	NOUN
ftr-419	358	6	provides	provide	VERB
ftr-419	358	7	that	that	SCONJ
ftr-419	358	8	a	a	DET
ftr-419	358	9	service	service	NOUN
ftr-419	358	10	partner	partner	NOUN
ftr-419	358	11	is	be	AUX
ftr-419	358	12	to	to	PART
ftr-419	358	13	receive	receive	VERB
ftr-419	358	14	a	a	DET
ftr-419	358	15	percentage	percentage	NOUN
ftr-419	358	16	of	of	ADP
ftr-419	358	17	partnership	partnership	NOUN
ftr-419	358	18	income	income	NOUN
ftr-419	358	19	,	,	PUNCT
ftr-419	358	20	computed	compute	VERB
ftr-419	358	21	before	before	ADP
ftr-419	358	22	taking	take	VERB
ftr-419	358	23	guaranteed	guarantee	VERB
ftr-419	358	24	payments	payment	NOUN
ftr-419	358	25	into	into	ADP
ftr-419	358	26	account	account	NOUN
ftr-419	358	27	,	,	PUNCT
ftr-419	358	28	but	but	CCONJ
ftr-419	358	29	no	no	PRON
ftr-419	358	30	less	less	ADJ
ftr-419	358	31	than	than	ADP
ftr-419	358	32	a	a	DET
ftr-419	358	33	specified	specify	VERB
ftr-419	358	34	dollar	dollar	NOUN
ftr-419	358	35	amount	amount	NOUN
ftr-419	358	36	.	.	PUNCT
ftr-419	359	1	as	as	SCONJ
ftr-419	359	2	explained	explain	VERB
ftr-419	359	3	in	in	ADP
ftr-419	359	4	part	part	NOUN
ftr-419	359	5	iii	iii	NOUN
ftr-419	359	6	,	,	PUNCT
ftr-419	359	7	if	if	SCONJ
ftr-419	359	8	the	the	DET
ftr-419	359	9	service	service	NOUN
ftr-419	359	10	partner	partner	NOUN
ftr-419	359	11	's	's	PART
ftr-419	359	12	percentage	percentage	NOUN
ftr-419	359	13	of	of	ADP
ftr-419	359	14	income	income	NOUN
ftr-419	359	15	is	be	AUX
ftr-419	359	16	less	less	ADJ
ftr-419	359	17	than	than	ADP
ftr-419	359	18	the	the	DET
ftr-419	359	19	specified	specify	VERB
ftr-419	359	20	amount	amount	NOUN
ftr-419	359	21	,	,	PUNCT
ftr-419	359	22	the	the	DET
ftr-419	359	23	difference	difference	NOUN
ftr-419	359	24	is	be	AUX
ftr-419	359	25	a	a	DET
ftr-419	359	26	guaranteed	guarantee	VERB
ftr-419	359	27	payment	payment	NOUN
ftr-419	359	28	.	.	PUNCT
ftr-419	360	1	what	what	PRON
ftr-419	360	2	if	if	SCONJ
ftr-419	360	3	the	the	DET
ftr-419	360	4	payment	payment	NOUN
ftr-419	360	5	to	to	ADP
ftr-419	360	6	the	the	DET
ftr-419	360	7	service	service	NOUN
ftr-419	360	8	partner	partner	NOUN
ftr-419	360	9	were	be	AUX
ftr-419	360	10	made	make	VERB
ftr-419	360	11	with	with	ADP
ftr-419	360	12	appreciated	appreciated	ADJ
ftr-419	360	13	property	property	NOUN
ftr-419	360	14	?	?	PUNCT
ftr-419	361	1	part	part	NOUN
ftr-419	361	2	of	of	ADP
ftr-419	361	3	the	the	DET
ftr-419	361	4	property	property	NOUN
ftr-419	361	5	would	would	AUX
ftr-419	361	6	then	then	ADV
ftr-419	361	7	be	be	AUX
ftr-419	361	8	a	a	DET
ftr-419	361	9	partnership	partnership	NOUN
ftr-419	361	10	distribution	distribution	NOUN
ftr-419	361	11	,	,	PUNCT
ftr-419	361	12	on	on	ADP
ftr-419	361	13	which	which	PRON
ftr-419	361	14	the	the	DET
ftr-419	361	15	partnership	partnership	NOUN
ftr-419	361	16	would	would	AUX
ftr-419	361	17	not	not	PART
ftr-419	361	18	recognize	recognize	VERB
ftr-419	361	19	income,60	income,60	NOUN
ftr-419	361	20	and	and	CCONJ
ftr-419	361	21	part	part	NOUN
ftr-419	361	22	would	would	AUX
ftr-419	361	23	be	be	AUX
ftr-419	361	24	a	a	DET
ftr-419	361	25	guaranteed	guarantee	VERB
ftr-419	361	26	payment	payment	NOUN
ftr-419	361	27	.	.	PUNCT
ftr-419	362	1	if	if	SCONJ
ftr-419	362	2	the	the	DET
ftr-419	362	3	partnership	partnership	NOUN
ftr-419	362	4	were	be	AUX
ftr-419	362	5	deemed	deem	VERB
ftr-419	362	6	to	to	PART
ftr-419	362	7	recognize	recognize	VERB
ftr-419	362	8	gain	gain	NOUN
ftr-419	362	9	on	on	ADP
ftr-419	362	10	making	make	VERB
ftr-419	362	11	a	a	DET
ftr-419	362	12	guaranteed	guarantee	VERB
ftr-419	362	13	payment	payment	NOUN
ftr-419	362	14	,	,	PUNCT
ftr-419	362	15	it	it	PRON
ftr-419	362	16	would	would	AUX
ftr-419	362	17	have	have	VERB
ftr-419	362	18	to	to	PART
ftr-419	362	19	apportion	apportion	VERB
ftr-419	362	20	the	the	DET
ftr-419	362	21	partnership	partnership	NOUN
ftr-419	362	22	's	's	PART
ftr-419	362	23	inside	inside	ADJ
ftr-419	362	24	basis	basis	NOUN
ftr-419	362	25	in	in	ADP
ftr-419	362	26	the	the	DET
ftr-419	362	27	property	property	NOUN
ftr-419	362	28	between	between	ADP
ftr-419	362	29	the	the	DET
ftr-419	362	30	part	part	NOUN
ftr-419	362	31	of	of	ADP
ftr-419	362	32	the	the	DET
ftr-419	362	33	transaction	transaction	NOUN
ftr-419	362	34	that	that	PRON
ftr-419	362	35	is	be	AUX
ftr-419	362	36	a	a	DET
ftr-419	362	37	partnership	partnership	NOUN
ftr-419	362	38	distribution	distribution	NOUN
ftr-419	362	39	and	and	CCONJ
ftr-419	362	40	the	the	DET
ftr-419	362	41	part	part	NOUN
ftr-419	362	42	that	that	PRON
ftr-419	362	43	is	be	AUX
ftr-419	362	44	a	a	DET
ftr-419	362	45	guaranteed	guarantee	VERB
ftr-419	362	46	payment	payment	NOUN
ftr-419	362	47	;	;	PUNCT
ftr-419	362	48	and	and	CCONJ
ftr-419	362	49	then	then	ADV
ftr-419	362	50	one	one	NUM
ftr-419	362	51	portion	portion	NOUN
ftr-419	362	52	of	of	ADP
ftr-419	362	53	the	the	DET
ftr-419	362	54	property	property	NOUN
ftr-419	362	55	would	would	AUX
ftr-419	362	56	not	not	PART
ftr-419	362	57	cause	cause	VERB
ftr-419	362	58	income	income	NOUN
ftr-419	362	59	recognition	recognition	NOUN
ftr-419	362	60	to	to	ADP
ftr-419	362	61	the	the	DET
ftr-419	362	62	partnership	partnership	NOUN
ftr-419	362	63	and	and	CCONJ
ftr-419	362	64	the	the	DET
ftr-419	362	65	remaining	remain	VERB
ftr-419	362	66	portion	portion	NOUN
ftr-419	362	67	would	would	AUX
ftr-419	362	68	cause	cause	VERB
ftr-419	362	69	income	income	NOUN
ftr-419	362	70	recognition	recognition	NOUN
ftr-419	362	71	.	.	PUNCT
ftr-419	363	1	it	it	PRON
ftr-419	363	2	seems	seem	VERB
ftr-419	363	3	highly	highly	ADV
ftr-419	363	4	unlikely	unlikely	ADJ
ftr-419	363	5	that	that	SCONJ
ftr-419	363	6	congress	congress	PROPN
ftr-419	363	7	would	would	AUX
ftr-419	363	8	wish	wish	VERB
ftr-419	363	9	income	income	NOUN
ftr-419	363	10	recognition	recognition	NOUN
ftr-419	363	11	consequences	consequence	NOUN
ftr-419	363	12	to	to	PART
ftr-419	363	13	be	be	AUX
ftr-419	363	14	split	split	VERB
ftr-419	363	15	in	in	ADP
ftr-419	363	16	that	that	DET
ftr-419	363	17	manner	manner	NOUN
ftr-419	363	18	just	just	ADV
ftr-419	363	19	because	because	SCONJ
ftr-419	363	20	part	part	NOUN
ftr-419	363	21	of	of	ADP
ftr-419	363	22	the	the	DET
ftr-419	363	23	payment	payment	NOUN
ftr-419	363	24	is	be	AUX
ftr-419	363	25	guaranteed	guarantee	VERB
ftr-419	363	26	.	.	PUNCT
ftr-419	364	1	that	that	PRON
ftr-419	364	2	would	would	AUX
ftr-419	364	3	make	make	VERB
ftr-419	364	4	income	income	NOUN
ftr-419	364	5	recognition	recognition	NOUN
ftr-419	364	6	turn	turn	VERB
ftr-419	364	7	on	on	ADP
ftr-419	364	8	somewhat	somewhat	ADV
ftr-419	364	9	artificial	artificial	ADJ
ftr-419	364	10	distinctions	distinction	NOUN
ftr-419	364	11	,	,	PUNCT
ftr-419	364	12	which	which	PRON
ftr-419	364	13	would	would	AUX
ftr-419	364	14	contravene	contravene	VERB
ftr-419	364	15	one	one	NUM
ftr-419	364	16	of	of	ADP
ftr-419	364	17	the	the	DET
ftr-419	364	18	purposes	purpose	NOUN
ftr-419	364	19	for	for	ADP
ftr-419	364	20	the	the	DET
ftr-419	364	21	adoption	adoption	NOUN
ftr-419	364	22	of	of	ADP
ftr-419	364	23	section	section	NOUN
ftr-419	364	24	707(c	707(c	PROPN
ftr-419	364	25	)	)	PUNCT
ftr-419	364	26	,	,	PUNCT
ftr-419	364	27	namely	namely	ADV
ftr-419	364	28	,	,	PUNCT
ftr-419	364	29	to	to	PART
ftr-419	364	30	eliminate	eliminate	VERB
ftr-419	364	31	the	the	DET
ftr-419	364	32	arbitrariness	arbitrariness	NOUN
ftr-419	364	33	that	that	PRON
ftr-419	364	34	existed	exist	VERB
ftr-419	364	35	in	in	ADP
ftr-419	364	36	the	the	DET
ftr-419	364	37	pre-1954	pre-1954	NOUN
ftr-419	364	38	code	code	PROPN
ftr-419	364	39	's	's	PART
ftr-419	364	40	method	method	NOUN
ftr-419	364	41	of	of	ADP
ftr-419	364	42	determining	determine	VERB
ftr-419	364	43	the	the	DET
ftr-419	364	44	extent	extent	NOUN
ftr-419	364	45	to	to	PART
ftr-419	364	46	which	which	PRON
ftr-419	364	47	a	a	DET
ftr-419	364	48	salary	salary	NOUN
ftr-419	364	49	payment	payment	NOUN
ftr-419	364	50	is	be	AUX
ftr-419	364	51	included	include	VERB
ftr-419	364	52	in	in	ADP
ftr-419	364	53	a	a	DET
ftr-419	364	54	service	service	NOUN
ftr-419	364	55	partner	partner	NOUN
ftr-419	364	56	's	's	PART
ftr-419	364	57	income	income	NOUN
ftr-419	364	58	.	.	PUNCT
ftr-419	365	1	splitting	split	VERB
ftr-419	365	2	income	income	NOUN
ftr-419	365	3	recognition	recognition	NOUN
ftr-419	365	4	between	between	ADP
ftr-419	365	5	the	the	DET
ftr-419	365	6	two	two	NUM
ftr-419	365	7	parts	part	NOUN
ftr-419	365	8	of	of	ADP
ftr-419	365	9	a	a	DET
ftr-419	365	10	distribution	distribution	NOUN
ftr-419	365	11	could	could	AUX
ftr-419	365	12	cause	cause	VERB
ftr-419	365	13	another	another	DET
ftr-419	365	14	complication	complication	NOUN
ftr-419	365	15	unless	unless	SCONJ
ftr-419	365	16	excluded	exclude	VERB
ftr-419	365	17	by	by	ADP
ftr-419	365	18	the	the	DET
ftr-419	365	19	partnership	partnership	NOUN
ftr-419	365	20	agreement	agreement	NOUN
ftr-419	365	21	.	.	PUNCT
ftr-419	366	1	the	the	DET
ftr-419	366	2	determination	determination	NOUN
ftr-419	366	3	of	of	ADP
ftr-419	366	4	the	the	DET
ftr-419	366	5	portion	portion	NOUN
ftr-419	366	6	of	of	ADP
ftr-419	366	7	the	the	DET
ftr-419	366	8	distribution	distribution	NOUN
ftr-419	366	9	that	that	PRON
ftr-419	366	10	is	be	AUX
ftr-419	366	11	treated	treat	VERB
ftr-419	366	12	as	as	ADP
ftr-419	366	13	a	a	DET
ftr-419	366	14	guaranteed	guarantee	VERB
ftr-419	366	15	payment	payment	NOUN
ftr-419	366	16	depends	depend	VERB
ftr-419	366	17	upon	upon	SCONJ
ftr-419	366	18	the	the	DET
ftr-419	366	19	dollar	dollar	NOUN
ftr-419	366	20	amount	amount	NOUN
ftr-419	366	21	of	of	ADP
ftr-419	366	22	the	the	DET
ftr-419	366	23	partner	partner	NOUN
ftr-419	366	24	's	's	PART
ftr-419	366	25	share	share	NOUN
ftr-419	366	26	of	of	ADP
ftr-419	366	27	partnership	partnership	NOUN
ftr-419	366	28	profits	profit	NOUN
ftr-419	366	29	.	.	PUNCT
ftr-419	367	1	an	an	DET
ftr-419	367	2	increase	increase	NOUN
ftr-419	367	3	in	in	ADP
ftr-419	367	4	partnership	partnership	NOUN
ftr-419	367	5	profits	profit	NOUN
ftr-419	367	6	will	will	AUX
ftr-419	367	7	reduce	reduce	VERB
ftr-419	367	8	the	the	DET
ftr-419	367	9	share	share	NOUN
ftr-419	367	10	of	of	ADP
ftr-419	367	11	the	the	DET
ftr-419	367	12	distribution	distribution	NOUN
ftr-419	367	13	that	that	PRON
ftr-419	367	14	constitutes	constitute	VERB
ftr-419	367	15	a	a	DET
ftr-419	367	16	guaranteed	guarantee	VERB
ftr-419	367	17	payment	payment	NOUN
ftr-419	367	18	.	.	PUNCT
ftr-419	368	1	unless	unless	SCONJ
ftr-419	368	2	the	the	DET
ftr-419	368	3	partner	partner	NOUN
ftr-419	368	4	's	's	PART
ftr-419	368	5	share	share	NOUN
ftr-419	368	6	of	of	ADP
ftr-419	368	7	profits	profit	NOUN
ftr-419	368	8	is	be	AUX
ftr-419	368	9	to	to	PART
ftr-419	368	10	be	be	AUX
ftr-419	368	11	determined	determine	VERB
ftr-419	368	12	by	by	ADP
ftr-419	368	13	excluding	exclude	VERB
ftr-419	368	14	any	any	DET
ftr-419	368	15	gain	gain	NOUN
ftr-419	368	16	or	or	CCONJ
ftr-419	368	17	loss	loss	NOUN
ftr-419	368	18	incurred	incur	VERB
ftr-419	368	19	by	by	ADP
ftr-419	368	20	the	the	DET
ftr-419	368	21	60	60	NUM
ftr-419	368	22	.	.	PUNCT
ftr-419	369	1	irc	irc	PROPN
ftr-419	369	2	§	§	PROPN
ftr-419	369	3	731(b	731(b	PROPN
ftr-419	369	4	)	)	PUNCT
ftr-419	369	5	.	.	PUNCT
ftr-419	370	1	20041	20041	NUM
ftr-419	370	2	florida	florida	PROPN
ftr-419	370	3	tax	tax	PROPN
ftr-419	370	4	review	review	NOUN
ftr-419	370	5	partnership	partnership	NOUN
ftr-419	370	6	as	as	ADP
ftr-419	370	7	a	a	DET
ftr-419	370	8	consequence	consequence	NOUN
ftr-419	370	9	of	of	ADP
ftr-419	370	10	making	make	VERB
ftr-419	370	11	the	the	DET
ftr-419	370	12	guaranteed	guarantee	VERB
ftr-419	370	13	payment	payment	NOUN
ftr-419	370	14	,	,	PUNCT
ftr-419	370	15	"	"	PUNCT
ftr-419	370	16	an	an	DET
ftr-419	370	17	increase	increase	NOUN
ftr-419	370	18	in	in	ADP
ftr-419	370	19	partnership	partnership	NOUN
ftr-419	370	20	income	income	NOUN
ftr-419	370	21	because	because	SCONJ
ftr-419	370	22	of	of	ADP
ftr-419	370	23	the	the	DET
ftr-419	370	24	gain	gain	NOUN
ftr-419	370	25	recognized	recognize	VERB
ftr-419	370	26	from	from	ADP
ftr-419	370	27	making	make	VERB
ftr-419	370	28	the	the	DET
ftr-419	370	29	guaranteed	guarantee	VERB
ftr-419	370	30	payment	payment	NOUN
ftr-419	370	31	would	would	AUX
ftr-419	370	32	reduce	reduce	VERB
ftr-419	370	33	the	the	DET
ftr-419	370	34	amount	amount	NOUN
ftr-419	370	35	of	of	ADP
ftr-419	370	36	the	the	DET
ftr-419	370	37	guaranteed	guarantee	VERB
ftr-419	370	38	payment	payment	NOUN
ftr-419	370	39	,	,	PUNCT
ftr-419	370	40	which	which	PRON
ftr-419	370	41	in	in	ADP
ftr-419	370	42	turn	turn	NOUN
ftr-419	370	43	would	would	AUX
ftr-419	370	44	reduce	reduce	VERB
ftr-419	370	45	the	the	DET
ftr-419	370	46	amount	amount	NOUN
ftr-419	370	47	of	of	ADP
ftr-419	370	48	gain	gain	NOUN
ftr-419	370	49	the	the	DET
ftr-419	370	50	partnership	partnership	NOUN
ftr-419	370	51	recognized	recognize	VERB
ftr-419	370	52	on	on	ADP
ftr-419	370	53	the	the	DET
ftr-419	370	54	transaction	transaction	NOUN
ftr-419	370	55	and	and	CCONJ
ftr-419	370	56	thereby	thereby	ADV
ftr-419	370	57	would	would	AUX
ftr-419	370	58	increase	increase	VERB
ftr-419	370	59	the	the	DET
ftr-419	370	60	amount	amount	NOUN
ftr-419	370	61	of	of	ADP
ftr-419	370	62	the	the	DET
ftr-419	370	63	guaranteed	guarantee	VERB
ftr-419	370	64	payment	payment	NOUN
ftr-419	370	65	and	and	CCONJ
ftr-419	370	66	thereby	thereby	ADV
ftr-419	370	67	increase	increase	VERB
ftr-419	370	68	the	the	DET
ftr-419	370	69	gain	gain	NOUN
ftr-419	370	70	recognized	recognize	VERB
ftr-419	370	71	,	,	PUNCT
ftr-419	370	72	and	and	CCONJ
ftr-419	370	73	so	so	ADV
ftr-419	370	74	on	on	ADV
ftr-419	370	75	.	.	PUNCT
ftr-419	371	1	the	the	DET
ftr-419	371	2	mutual	mutual	ADJ
ftr-419	371	3	dependency	dependency	NOUN
ftr-419	371	4	of	of	ADP
ftr-419	371	5	the	the	DET
ftr-419	371	6	figures	figure	NOUN
ftr-419	371	7	for	for	ADP
ftr-419	371	8	the	the	DET
ftr-419	371	9	amount	amount	NOUN
ftr-419	371	10	of	of	ADP
ftr-419	371	11	the	the	DET
ftr-419	371	12	partnership	partnership	NOUN
ftr-419	371	13	's	's	PART
ftr-419	371	14	gain	gain	NOUN
ftr-419	371	15	and	and	CCONJ
ftr-419	371	16	the	the	DET
ftr-419	371	17	amount	amount	NOUN
ftr-419	371	18	of	of	ADP
ftr-419	371	19	its	its	PRON
ftr-419	371	20	guaranteed	guarantee	VERB
ftr-419	371	21	payment	payment	NOUN
ftr-419	371	22	can	can	AUX
ftr-419	371	23	be	be	AUX
ftr-419	371	24	solved	solve	VERB
ftr-419	371	25	by	by	ADP
ftr-419	371	26	use	use	NOUN
ftr-419	371	27	of	of	ADP
ftr-419	371	28	an	an	DET
ftr-419	371	29	algebraic	algebraic	ADJ
ftr-419	371	30	formula	formula	NOUN
ftr-419	371	31	;	;	PUNCT
ftr-419	371	32	but	but	CCONJ
ftr-419	371	33	nevertheless	nevertheless	ADV
ftr-419	371	34	,	,	PUNCT
ftr-419	371	35	in	in	ADP
ftr-419	371	36	the	the	DET
ftr-419	371	37	interests	interest	NOUN
ftr-419	371	38	of	of	ADP
ftr-419	371	39	administrative	administrative	ADJ
ftr-419	371	40	ease	ease	NOUN
ftr-419	371	41	,	,	PUNCT
ftr-419	371	42	it	it	PRON
ftr-419	371	43	is	be	AUX
ftr-419	371	44	desirable	desirable	ADJ
ftr-419	371	45	to	to	PART
ftr-419	371	46	avoid	avoid	VERB
ftr-419	371	47	a	a	DET
ftr-419	371	48	scheme	scheme	NOUN
ftr-419	371	49	of	of	ADP
ftr-419	371	50	recognition	recognition	NOUN
ftr-419	371	51	that	that	PRON
ftr-419	371	52	might	might	AUX
ftr-419	371	53	require	require	VERB
ftr-419	371	54	that	that	DET
ftr-419	371	55	calculation	calculation	NOUN
ftr-419	371	56	to	to	PART
ftr-419	371	57	be	be	AUX
ftr-419	371	58	made	make	VERB
ftr-419	371	59	.	.	PUNCT
ftr-419	372	1	the	the	DET
ftr-419	372	2	complexity	complexity	NOUN
ftr-419	372	3	of	of	ADP
ftr-419	372	4	requiring	require	VERB
ftr-419	372	5	income	income	NOUN
ftr-419	372	6	recognition	recognition	NOUN
ftr-419	372	7	for	for	ADP
ftr-419	372	8	guaranteed	guarantee	VERB
ftr-419	372	9	payments	payment	NOUN
ftr-419	372	10	is	be	AUX
ftr-419	372	11	exacerbated	exacerbate	VERB
ftr-419	372	12	if	if	SCONJ
ftr-419	372	13	the	the	DET
ftr-419	372	14	partnership	partnership	NOUN
ftr-419	372	15	has	have	VERB
ftr-419	372	16	an	an	DET
ftr-419	372	17	election	election	NOUN
ftr-419	372	18	under	under	ADP
ftr-419	372	19	section	section	NOUN
ftr-419	372	20	754	754	NUM
ftr-419	372	21	in	in	ADP
ftr-419	372	22	effect	effect	NOUN
ftr-419	372	23	.	.	PUNCT
ftr-419	373	1	if	if	SCONJ
ftr-419	373	2	a	a	DET
ftr-419	373	3	partnership	partnership	NOUN
ftr-419	373	4	makes	make	VERB
ftr-419	373	5	a	a	DET
ftr-419	373	6	section	section	NOUN
ftr-419	373	7	754	754	NUM
ftr-419	373	8	election	election	NOUN
ftr-419	373	9	,	,	PUNCT
ftr-419	373	10	it	it	PRON
ftr-419	373	11	triggers	trigger	VERB
ftr-419	373	12	the	the	DET
ftr-419	373	13	operation	operation	NOUN
ftr-419	373	14	of	of	ADP
ftr-419	373	15	two	two	NUM
ftr-419	373	16	code	code	NOUN
ftr-419	373	17	provisions	provision	NOUN
ftr-419	373	18	:	:	PUNCT
ftr-419	373	19	sections	section	NOUN
ftr-419	373	20	734(b	734(b	PROPN
ftr-419	373	21	)	)	PUNCT
ftr-419	373	22	and	and	CCONJ
ftr-419	373	23	(	(	PUNCT
ftr-419	373	24	c	c	NOUN
ftr-419	373	25	)	)	PUNCT
ftr-419	373	26	,	,	PUNCT
ftr-419	373	27	and	and	CCONJ
ftr-419	373	28	743(b	743(b	NUM
ftr-419	373	29	)	)	PUNCT
ftr-419	373	30	and	and	CCONJ
ftr-419	373	31	(	(	PUNCT
ftr-419	373	32	c	c	NOUN
ftr-419	373	33	)	)	PUNCT
ftr-419	373	34	.	.	PUNCT
ftr-419	374	1	once	once	ADV
ftr-419	374	2	section	section	NOUN
ftr-419	374	3	754	754	NUM
ftr-419	374	4	is	be	AUX
ftr-419	374	5	elected	elect	VERB
ftr-419	374	6	,	,	PUNCT
ftr-419	374	7	those	those	DET
ftr-419	374	8	two	two	NUM
ftr-419	374	9	code	code	NOUN
ftr-419	374	10	sections	section	NOUN
ftr-419	374	11	continue	continue	VERB
ftr-419	374	12	to	to	PART
ftr-419	374	13	apply	apply	VERB
ftr-419	374	14	to	to	ADP
ftr-419	374	15	the	the	DET
ftr-419	374	16	partnership	partnership	NOUN
ftr-419	374	17	until	until	SCONJ
ftr-419	374	18	the	the	DET
ftr-419	374	19	election	election	NOUN
ftr-419	374	20	is	be	AUX
ftr-419	374	21	revoked	revoke	VERB
ftr-419	374	22	by	by	ADP
ftr-419	374	23	the	the	DET
ftr-419	374	24	partnership	partnership	NOUN
ftr-419	374	25	with	with	ADP
ftr-419	374	26	the	the	DET
ftr-419	374	27	permission	permission	NOUN
ftr-419	374	28	of	of	ADP
ftr-419	374	29	the	the	DET
ftr-419	374	30	district	district	NOUN
ftr-419	374	31	director.12	director.12	PROPN
ftr-419	374	32	a	a	DET
ftr-419	374	33	partnership	partnership	NOUN
ftr-419	374	34	's	's	PART
ftr-419	374	35	basis	basis	NOUN
ftr-419	374	36	in	in	ADP
ftr-419	374	37	its	its	PRON
ftr-419	374	38	assets	asset	NOUN
ftr-419	374	39	is	be	AUX
ftr-419	374	40	sometimes	sometimes	ADV
ftr-419	374	41	referred	refer	VERB
ftr-419	374	42	to	to	ADP
ftr-419	374	43	as	as	ADP
ftr-419	374	44	its	its	PRON
ftr-419	374	45	"	"	PUNCT
ftr-419	374	46	inside	inside	ADJ
ftr-419	374	47	basis	basis	NOUN
ftr-419	374	48	.	.	PUNCT
ftr-419	374	49	"	"	PUNCT
ftr-419	375	1	section	section	NOUN
ftr-419	375	2	743(b	743(b	PROPN
ftr-419	375	3	)	)	PUNCT
ftr-419	375	4	operates	operate	VERB
ftr-419	375	5	by	by	ADP
ftr-419	375	6	providing	provide	VERB
ftr-419	375	7	a	a	DET
ftr-419	375	8	different	different	ADJ
ftr-419	375	9	inside	inside	ADJ
ftr-419	375	10	basis	basis	NOUN
ftr-419	375	11	for	for	ADP
ftr-419	375	12	some	some	DET
ftr-419	375	13	partners	partner	NOUN
ftr-419	375	14	'	'	PART
ftr-419	375	15	purposes	purpose	NOUN
ftr-419	375	16	when	when	SCONJ
ftr-419	375	17	there	there	PRON
ftr-419	375	18	has	have	AUX
ftr-419	375	19	been	be	AUX
ftr-419	375	20	a	a	DET
ftr-419	375	21	transfer	transfer	NOUN
ftr-419	375	22	of	of	ADP
ftr-419	375	23	a	a	DET
ftr-419	375	24	partnership	partnership	NOUN
ftr-419	375	25	interest	interest	NOUN
ftr-419	375	26	by	by	ADP
ftr-419	375	27	death	death	NOUN
ftr-419	375	28	or	or	CCONJ
ftr-419	375	29	by	by	ADP
ftr-419	375	30	a	a	DET
ftr-419	375	31	sale	sale	NOUN
ftr-419	375	32	or	or	CCONJ
ftr-419	375	33	exchange	exchange	NOUN
ftr-419	375	34	.	.	PUNCT
ftr-419	376	1	so	so	ADV
ftr-419	376	2	,	,	PUNCT
ftr-419	376	3	when	when	SCONJ
ftr-419	376	4	a	a	DET
ftr-419	376	5	section	section	NOUN
ftr-419	376	6	754	754	NUM
ftr-419	376	7	election	election	NOUN
ftr-419	376	8	is	be	AUX
ftr-419	376	9	in	in	ADP
ftr-419	376	10	effect	effect	NOUN
ftr-419	376	11	,	,	PUNCT
ftr-419	376	12	it	it	PRON
ftr-419	376	13	is	be	AUX
ftr-419	376	14	possible	possible	ADJ
ftr-419	376	15	that	that	SCONJ
ftr-419	376	16	each	each	DET
ftr-419	376	17	partner	partner	NOUN
ftr-419	376	18	's	's	PART
ftr-419	376	19	share	share	NOUN
ftr-419	376	20	of	of	ADP
ftr-419	376	21	the	the	DET
ftr-419	376	22	gain	gain	NOUN
ftr-419	376	23	or	or	CCONJ
ftr-419	376	24	loss	loss	NOUN
ftr-419	376	25	recognized	recognize	VERB
ftr-419	376	26	on	on	ADP
ftr-419	376	27	a	a	DET
ftr-419	376	28	sale	sale	NOUN
ftr-419	376	29	of	of	ADP
ftr-419	376	30	a	a	DET
ftr-419	376	31	partnership	partnership	NOUN
ftr-419	376	32	asset	asset	NOUN
ftr-419	376	33	may	may	AUX
ftr-419	376	34	have	have	VERB
ftr-419	376	35	to	to	PART
ftr-419	376	36	be	be	AUX
ftr-419	376	37	determined	determine	VERB
ftr-419	376	38	by	by	ADP
ftr-419	376	39	using	use	VERB
ftr-419	376	40	a	a	DET
ftr-419	376	41	different	different	ADJ
ftr-419	376	42	inside	inside	ADJ
ftr-419	376	43	basis	basis	NOUN
ftr-419	376	44	for	for	ADP
ftr-419	376	45	the	the	DET
ftr-419	376	46	asset	asset	NOUN
ftr-419	376	47	.	.	PUNCT
ftr-419	377	1	the	the	DET
ftr-419	377	2	operation	operation	NOUN
ftr-419	377	3	of	of	ADP
ftr-419	377	4	section	section	NOUN
ftr-419	377	5	743(b	743(b	PROPN
ftr-419	377	6	)	)	PUNCT
ftr-419	377	7	is	be	AUX
ftr-419	377	8	illustrated	illustrate	VERB
ftr-419	377	9	in	in	ADP
ftr-419	377	10	the	the	DET
ftr-419	377	11	following	follow	VERB
ftr-419	377	12	example	example	NOUN
ftr-419	377	13	.	.	PUNCT
ftr-419	378	1	the	the	DET
ftr-419	378	2	p	p	PROPN
ftr-419	378	3	partnership	partnership	NOUN
ftr-419	378	4	has	have	VERB
ftr-419	378	5	three	three	NUM
ftr-419	378	6	equal	equal	ADJ
ftr-419	378	7	partners	partner	NOUN
ftr-419	378	8	,	,	PUNCT
ftr-419	378	9	a	a	DET
ftr-419	378	10	,	,	PUNCT
ftr-419	378	11	b	b	NOUN
ftr-419	378	12	,	,	PUNCT
ftr-419	378	13	and	and	CCONJ
ftr-419	378	14	c.	c.	PROPN
ftr-419	378	15	p	p	PROPN
ftr-419	378	16	has	have	VERB
ftr-419	378	17	an	an	DET
ftr-419	378	18	inside	inside	ADJ
ftr-419	378	19	basis	basis	NOUN
ftr-419	378	20	of	of	ADP
ftr-419	378	21	$	$	SYM
ftr-419	378	22	60,000	60,000	NUM
ftr-419	378	23	in	in	ADP
ftr-419	378	24	land	land	NOUN
ftr-419	378	25	,	,	PUNCT
ftr-419	378	26	which	which	PRON
ftr-419	378	27	had	have	VERB
ftr-419	378	28	a	a	DET
ftr-419	378	29	value	value	NOUN
ftr-419	378	30	of	of	ADP
ftr-419	378	31	$	$	SYM
ftr-419	378	32	210,000	210,000	NUM
ftr-419	378	33	.	.	PUNCT
ftr-419	379	1	if	if	SCONJ
ftr-419	379	2	there	there	PRON
ftr-419	379	3	had	have	AUX
ftr-419	379	4	been	be	AUX
ftr-419	379	5	no	no	DET
ftr-419	379	6	section	section	NOUN
ftr-419	379	7	754	754	NUM
ftr-419	379	8	election	election	NOUN
ftr-419	379	9	,	,	PUNCT
ftr-419	379	10	each	each	DET
ftr-419	379	11	partner	partner	NOUN
ftr-419	379	12	's	's	PART
ftr-419	379	13	share	share	NOUN
ftr-419	379	14	of	of	ADP
ftr-419	379	15	p	p	X
ftr-419	379	16	's	's	PART
ftr-419	379	17	inside	inside	ADJ
ftr-419	379	18	basis	basis	NOUN
ftr-419	379	19	would	would	AUX
ftr-419	379	20	be	be	AUX
ftr-419	379	21	$	$	SYM
ftr-419	379	22	20,000	20,000	NUM
ftr-419	379	23	;	;	PUNCT
ftr-419	379	24	and	and	CCONJ
ftr-419	379	25	a	a	DET
ftr-419	379	26	sale	sale	NOUN
ftr-419	379	27	of	of	ADP
ftr-419	379	28	land	land	NOUN
ftr-419	379	29	for	for	ADP
ftr-419	379	30	its	its	PRON
ftr-419	379	31	value	value	NOUN
ftr-419	379	32	would	would	AUX
ftr-419	379	33	cause	cause	VERB
ftr-419	379	34	each	each	DET
ftr-419	379	35	partner	partner	NOUN
ftr-419	379	36	to	to	PART
ftr-419	379	37	recognize	recognize	VERB
ftr-419	379	38	a	a	DET
ftr-419	379	39	$	$	SYM
ftr-419	379	40	50,000	50,000	NUM
ftr-419	379	41	gain	gain	NOUN
ftr-419	379	42	.	.	PUNCT
ftr-419	380	1	but	but	CCONJ
ftr-419	380	2	,	,	PUNCT
ftr-419	380	3	since	since	SCONJ
ftr-419	380	4	p	p	NOUN
ftr-419	380	5	had	have	AUX
ftr-419	380	6	made	make	VERB
ftr-419	380	7	a	a	DET
ftr-419	380	8	valid	valid	ADJ
ftr-419	380	9	section	section	NOUN
ftr-419	380	10	754	754	NUM
ftr-419	380	11	election	election	NOUN
ftr-419	380	12	,	,	PUNCT
ftr-419	380	13	and	and	CCONJ
ftr-419	380	14	since	since	SCONJ
ftr-419	380	15	each	each	DET
ftr-419	380	16	partner	partner	NOUN
ftr-419	380	17	had	have	AUX
ftr-419	380	18	either	either	CCONJ
ftr-419	380	19	purchased	purchase	VERB
ftr-419	380	20	his	his	PRON
ftr-419	380	21	partnership	partnership	NOUN
ftr-419	380	22	interest	interest	NOUN
ftr-419	380	23	from	from	ADP
ftr-419	380	24	a	a	DET
ftr-419	380	25	prior	prior	ADJ
ftr-419	380	26	partner	partner	NOUN
ftr-419	380	27	or	or	CCONJ
ftr-419	380	28	had	have	AUX
ftr-419	380	29	inherited	inherit	VERB
ftr-419	380	30	it	it	PRON
ftr-419	380	31	on	on	ADP
ftr-419	380	32	the	the	DET
ftr-419	380	33	death	death	NOUN
ftr-419	380	34	of	of	ADP
ftr-419	380	35	a	a	DET
ftr-419	380	36	prior	prior	ADJ
ftr-419	380	37	partner	partner	NOUN
ftr-419	380	38	,	,	PUNCT
ftr-419	380	39	the	the	DET
ftr-419	380	40	amount	amount	NOUN
ftr-419	380	41	of	of	ADP
ftr-419	380	42	each	each	DET
ftr-419	380	43	partner	partner	NOUN
ftr-419	380	44	's	's	PART
ftr-419	380	45	share	share	NOUN
ftr-419	380	46	of	of	ADP
ftr-419	380	47	p	p	X
ftr-419	380	48	's	's	PART
ftr-419	380	49	inside	inside	ADJ
ftr-419	380	50	basis	basis	NOUN
ftr-419	380	51	in	in	ADP
ftr-419	380	52	land	land	NOUN
ftr-419	380	53	is	be	AUX
ftr-419	380	54	different	different	ADJ
ftr-419	380	55	.	.	PUNCT
ftr-419	381	1	by	by	ADP
ftr-419	381	2	virtue	virtue	NOUN
ftr-419	381	3	of	of	ADP
ftr-419	381	4	section	section	NOUN
ftr-419	381	5	743(b	743(b	PROPN
ftr-419	381	6	)	)	PUNCT
ftr-419	381	7	,	,	PUNCT
ftr-419	381	8	p	p	X
ftr-419	381	9	's	be	AUX
ftr-419	381	10	inside	inside	ADJ
ftr-419	381	11	basis	basis	NOUN
ftr-419	381	12	for	for	ADP
ftr-419	381	13	one	one	NUM
ftr-419	381	14	-	-	PUNCT
ftr-419	381	15	third	third	NOUN
ftr-419	381	16	of	of	ADP
ftr-419	381	17	the	the	DET
ftr-419	381	18	land	land	NOUN
ftr-419	381	19	for	for	ADP
ftr-419	381	20	purposes	purpose	NOUN
ftr-419	381	21	of	of	ADP
ftr-419	381	22	a	a	PRON
ftr-419	381	23	's	's	PART
ftr-419	381	24	interest	interest	NOUN
ftr-419	381	25	is	be	AUX
ftr-419	381	26	$	$	SYM
ftr-419	381	27	40,000	40,000	NUM
ftr-419	381	28	;	;	PUNCT
ftr-419	381	29	p	p	X
ftr-419	381	30	's	be	AUX
ftr-419	381	31	inside	inside	ADJ
ftr-419	381	32	basis	basis	NOUN
ftr-419	381	33	for	for	ADP
ftr-419	381	34	one	one	NUM
ftr-419	381	35	-	-	PUNCT
ftr-419	381	36	third	third	NOUN
ftr-419	381	37	of	of	ADP
ftr-419	381	38	the	the	DET
ftr-419	381	39	61	61	NUM
ftr-419	381	40	.	.	PUNCT
ftr-419	382	1	the	the	DET
ftr-419	382	2	gain	gain	NOUN
ftr-419	382	3	or	or	CCONJ
ftr-419	382	4	loss	loss	NOUN
ftr-419	382	5	from	from	ADP
ftr-419	382	6	making	make	VERB
ftr-419	382	7	the	the	DET
ftr-419	382	8	guaranteed	guarantee	VERB
ftr-419	382	9	payment	payment	NOUN
ftr-419	382	10	would	would	AUX
ftr-419	382	11	be	be	AUX
ftr-419	382	12	excluded	exclude	VERB
ftr-419	382	13	,	,	PUNCT
ftr-419	382	14	for	for	ADP
ftr-419	382	15	example	example	NOUN
ftr-419	382	16	,	,	PUNCT
ftr-419	382	17	if	if	SCONJ
ftr-419	382	18	the	the	DET
ftr-419	382	19	partnership	partnership	NOUN
ftr-419	382	20	provision	provision	NOUN
ftr-419	382	21	that	that	SCONJ
ftr-419	382	22	the	the	DET
ftr-419	382	23	partner	partner	NOUN
ftr-419	382	24	is	be	AUX
ftr-419	382	25	to	to	PART
ftr-419	382	26	receive	receive	VERB
ftr-419	382	27	a	a	DET
ftr-419	382	28	percentage	percentage	NOUN
ftr-419	382	29	of	of	ADP
ftr-419	382	30	partnership	partnership	NOUN
ftr-419	382	31	income	income	NOUN
ftr-419	382	32	"	"	PUNCT
ftr-419	382	33	computed	compute	VERB
ftr-419	382	34	before	before	ADP
ftr-419	382	35	taking	take	VERB
ftr-419	382	36	guaranteed	guarantee	VERB
ftr-419	382	37	payments	payment	NOUN
ftr-419	382	38	into	into	ADP
ftr-419	382	39	account	account	NOUN
ftr-419	382	40	"	"	PUNCT
ftr-419	382	41	is	be	AUX
ftr-419	382	42	construed	construe	VERB
ftr-419	382	43	to	to	PART
ftr-419	382	44	exclude	exclude	VERB
ftr-419	382	45	a	a	DET
ftr-419	382	46	gain	gain	NOUN
ftr-419	382	47	or	or	CCONJ
ftr-419	382	48	loss	loss	NOUN
ftr-419	382	49	recognized	recognize	VERB
ftr-419	382	50	on	on	ADP
ftr-419	382	51	the	the	DET
ftr-419	382	52	constructive	constructive	ADJ
ftr-419	382	53	sale	sale	NOUN
ftr-419	382	54	of	of	ADP
ftr-419	382	55	the	the	DET
ftr-419	382	56	distributed	distribute	VERB
ftr-419	382	57	property	property	NOUN
ftr-419	382	58	as	as	ADV
ftr-419	382	59	well	well	ADV
ftr-419	382	60	as	as	ADP
ftr-419	382	61	the	the	DET
ftr-419	382	62	deduction	deduction	NOUN
ftr-419	382	63	allowed	allow	VERB
ftr-419	382	64	for	for	ADP
ftr-419	382	65	making	make	VERB
ftr-419	382	66	that	that	DET
ftr-419	382	67	payment	payment	NOUN
ftr-419	382	68	.	.	PUNCT
ftr-419	383	1	62	62	NUM
ftr-419	383	2	.	.	PUNCT
ftr-419	383	3	regs	regs	PROPN
ftr-419	383	4	.	.	PUNCT
ftr-419	384	1	§	§	PROPN
ftr-419	384	2	1.754	1.754	NUM
ftr-419	384	3	-	-	SYM
ftr-419	384	4	1(c	1(c	NUM
ftr-419	384	5	)	)	PUNCT
ftr-419	384	6	.	.	PUNCT
ftr-419	385	1	[	[	X
ftr-419	385	2	vol.6:5	vol.6:5	VERB
ftr-419	385	3	guaranteed	guarantee	VERB
ftr-419	385	4	payments	payment	NOUN
ftr-419	385	5	made	make	VERB
ftr-419	385	6	in	in	ADP
ftr-419	385	7	kind	kind	NOUN
ftr-419	385	8	by	by	ADP
ftr-419	385	9	a	a	DET
ftr-419	385	10	partnership	partnership	NOUN
ftr-419	385	11	land	land	NOUN
ftr-419	385	12	for	for	ADP
ftr-419	385	13	purposes	purpose	NOUN
ftr-419	385	14	of	of	ADP
ftr-419	385	15	b	b	NOUN
ftr-419	385	16	's	's	PART
ftr-419	385	17	interest	interest	NOUN
ftr-419	385	18	is	be	AUX
ftr-419	385	19	$	$	SYM
ftr-419	385	20	60,000	60,000	NUM
ftr-419	385	21	;	;	PUNCT
ftr-419	385	22	and	and	CCONJ
ftr-419	385	23	p	p	X
ftr-419	385	24	's	be	AUX
ftr-419	385	25	inside	inside	ADJ
ftr-419	385	26	basis	basis	NOUN
ftr-419	385	27	for	for	ADP
ftr-419	385	28	one	one	NUM
ftr-419	385	29	-	-	PUNCT
ftr-419	385	30	third	third	NOUN
ftr-419	385	31	of	of	ADP
ftr-419	385	32	the	the	DET
ftr-419	385	33	land	land	NOUN
ftr-419	385	34	for	for	ADP
ftr-419	385	35	purposes	purpose	NOUN
ftr-419	385	36	of	of	ADP
ftr-419	385	37	c	c	PROPN
ftr-419	385	38	's	's	PART
ftr-419	385	39	interest	interest	NOUN
ftr-419	385	40	is	be	AUX
ftr-419	385	41	$	$	SYM
ftr-419	385	42	70,000	70,000	NUM
ftr-419	385	43	.	.	PUNCT
ftr-419	386	1	ifp	ifp	PROPN
ftr-419	386	2	were	be	AUX
ftr-419	386	3	to	to	PART
ftr-419	386	4	sell	sell	VERB
ftr-419	386	5	the	the	DET
ftr-419	386	6	land	land	NOUN
ftr-419	386	7	for	for	ADP
ftr-419	386	8	its	its	PRON
ftr-419	386	9	value	value	NOUN
ftr-419	386	10	of	of	ADP
ftr-419	386	11	$	$	SYM
ftr-419	386	12	210,000	210,000	NUM
ftr-419	386	13	,	,	PUNCT
ftr-419	386	14	a	a	PRON
ftr-419	386	15	would	would	AUX
ftr-419	386	16	have	have	VERB
ftr-419	386	17	a	a	DET
ftr-419	386	18	gain	gain	NOUN
ftr-419	386	19	of	of	ADP
ftr-419	386	20	$	$	SYM
ftr-419	386	21	30,000	30,000	NUM
ftr-419	386	22	allocated	allocate	VERB
ftr-419	386	23	to	to	ADP
ftr-419	386	24	him	he	PRON
ftr-419	386	25	(	(	PUNCT
ftr-419	386	26	i.e.	i.e.	X
ftr-419	386	27	,	,	PUNCT
ftr-419	386	28	$	$	SYM
ftr-419	386	29	70,000	70,000	NUM
ftr-419	386	30	(	(	PUNCT
ftr-419	386	31	one	one	NUM
ftr-419	386	32	-	-	PUNCT
ftr-419	386	33	third	third	NOUN
ftr-419	386	34	of	of	ADP
ftr-419	386	35	the	the	DET
ftr-419	386	36	selling	selling	NOUN
ftr-419	386	37	price	price	NOUN
ftr-419	386	38	)	)	PUNCT
ftr-419	386	39	minus	minus	CCONJ
ftr-419	386	40	a	a	DET
ftr-419	386	41	's	's	PART
ftr-419	386	42	$	$	SYM
ftr-419	386	43	40,000	40,000	NUM
ftr-419	386	44	share	share	NOUN
ftr-419	386	45	of	of	ADP
ftr-419	386	46	the	the	DET
ftr-419	386	47	inside	inside	ADJ
ftr-419	386	48	basis	basis	NOUN
ftr-419	386	49	)	)	PUNCT
ftr-419	386	50	;	;	PUNCT
ftr-419	386	51	b	b	X
ftr-419	386	52	would	would	AUX
ftr-419	386	53	have	have	VERB
ftr-419	386	54	a	a	DET
ftr-419	386	55	gain	gain	NOUN
ftr-419	386	56	of	of	ADP
ftr-419	386	57	$	$	SYM
ftr-419	386	58	10,000	10,000	NUM
ftr-419	386	59	allocated	allocate	VERB
ftr-419	386	60	to	to	ADP
ftr-419	386	61	him	he	PRON
ftr-419	386	62	,	,	PUNCT
ftr-419	386	63	and	and	CCONJ
ftr-419	386	64	c	c	NOUN
ftr-419	386	65	would	would	AUX
ftr-419	386	66	have	have	VERB
ftr-419	386	67	no	no	DET
ftr-419	386	68	gain	gain	NOUN
ftr-419	386	69	or	or	CCONJ
ftr-419	386	70	loss	loss	NOUN
ftr-419	386	71	.	.	PUNCT
ftr-419	387	1	in	in	ADP
ftr-419	387	2	the	the	DET
ftr-419	387	3	circumstance	circumstance	NOUN
ftr-419	387	4	where	where	SCONJ
ftr-419	387	5	a	a	DET
ftr-419	387	6	payment	payment	NOUN
ftr-419	387	7	of	of	ADP
ftr-419	387	8	appreciated	appreciated	ADJ
ftr-419	387	9	property	property	NOUN
ftr-419	387	10	to	to	ADP
ftr-419	387	11	a	a	DET
ftr-419	387	12	service	service	NOUN
ftr-419	387	13	partner	partner	NOUN
ftr-419	387	14	is	be	AUX
ftr-419	387	15	partly	partly	ADV
ftr-419	387	16	a	a	DET
ftr-419	387	17	guaranteed	guarantee	VERB
ftr-419	387	18	payment	payment	NOUN
ftr-419	387	19	and	and	CCONJ
ftr-419	387	20	partly	partly	ADV
ftr-419	387	21	a	a	DET
ftr-419	387	22	partnership	partnership	NOUN
ftr-419	387	23	distribution	distribution	NOUN
ftr-419	387	24	,	,	PUNCT
ftr-419	387	25	and	and	CCONJ
ftr-419	387	26	where	where	SCONJ
ftr-419	387	27	the	the	DET
ftr-419	387	28	amounts	amount	NOUN
ftr-419	387	29	of	of	ADP
ftr-419	387	30	the	the	DET
ftr-419	387	31	partners	partner	NOUN
ftr-419	387	32	'	'	PART
ftr-419	387	33	share	share	NOUN
ftr-419	387	34	of	of	ADP
ftr-419	387	35	inside	inside	ADJ
ftr-419	387	36	basis	basis	NOUN
ftr-419	387	37	in	in	ADP
ftr-419	387	38	partnership	partnership	NOUN
ftr-419	387	39	assets	asset	NOUN
ftr-419	387	40	differ	differ	VERB
ftr-419	387	41	because	because	SCONJ
ftr-419	387	42	a	a	DET
ftr-419	387	43	section	section	NOUN
ftr-419	387	44	754	754	NUM
ftr-419	387	45	election	election	NOUN
ftr-419	387	46	is	be	AUX
ftr-419	387	47	in	in	ADP
ftr-419	387	48	effect	effect	NOUN
ftr-419	387	49	,	,	PUNCT
ftr-419	387	50	if	if	SCONJ
ftr-419	387	51	the	the	DET
ftr-419	387	52	partnership	partnership	NOUN
ftr-419	387	53	must	must	AUX
ftr-419	387	54	recognize	recognize	VERB
ftr-419	387	55	gain	gain	NOUN
ftr-419	387	56	or	or	CCONJ
ftr-419	387	57	loss	loss	NOUN
ftr-419	387	58	on	on	ADP
ftr-419	387	59	the	the	DET
ftr-419	387	60	guaranteed	guarantee	VERB
ftr-419	387	61	payment	payment	NOUN
ftr-419	387	62	portion	portion	NOUN
ftr-419	387	63	of	of	ADP
ftr-419	387	64	the	the	DET
ftr-419	387	65	distributed	distribute	VERB
ftr-419	387	66	property	property	NOUN
ftr-419	387	67	,	,	PUNCT
ftr-419	387	68	not	not	PART
ftr-419	387	69	only	only	ADV
ftr-419	387	70	will	will	AUX
ftr-419	387	71	the	the	DET
ftr-419	387	72	inside	inside	ADJ
ftr-419	387	73	basis	basis	NOUN
ftr-419	387	74	of	of	ADP
ftr-419	387	75	each	each	DET
ftr-419	387	76	asset	asset	NOUN
ftr-419	387	77	that	that	PRON
ftr-419	387	78	was	be	AUX
ftr-419	387	79	distributed	distribute	VERB
ftr-419	387	80	have	have	VERB
ftr-419	387	81	to	to	PART
ftr-419	387	82	be	be	AUX
ftr-419	387	83	apportioned	apportion	VERB
ftr-419	387	84	between	between	ADP
ftr-419	387	85	the	the	DET
ftr-419	387	86	guaranteed	guarantee	VERB
ftr-419	387	87	payment	payment	NOUN
ftr-419	387	88	portion	portion	NOUN
ftr-419	387	89	and	and	CCONJ
ftr-419	387	90	the	the	DET
ftr-419	387	91	partnership	partnership	NOUN
ftr-419	387	92	distribution	distribution	NOUN
ftr-419	387	93	portion	portion	NOUN
ftr-419	387	94	,	,	PUNCT
ftr-419	387	95	but	but	CCONJ
ftr-419	387	96	there	there	PRON
ftr-419	387	97	would	would	AUX
ftr-419	387	98	have	have	VERB
ftr-419	387	99	to	to	PART
ftr-419	387	100	be	be	AUX
ftr-419	387	101	a	a	DET
ftr-419	387	102	separate	separate	ADJ
ftr-419	387	103	calculation	calculation	NOUN
ftr-419	387	104	and	and	CCONJ
ftr-419	387	105	apportionment	apportionment	NOUN
ftr-419	387	106	made	make	VERB
ftr-419	387	107	for	for	ADP
ftr-419	387	108	every	every	DET
ftr-419	387	109	partner	partner	NOUN
ftr-419	387	110	's	's	PART
ftr-419	387	111	share.63	share.63	NOUN
ftr-419	387	112	especially	especially	ADV
ftr-419	387	113	when	when	SCONJ
ftr-419	387	114	there	there	PRON
ftr-419	387	115	are	be	VERB
ftr-419	387	116	a	a	DET
ftr-419	387	117	sizeable	sizeable	ADJ
ftr-419	387	118	number	number	NOUN
ftr-419	387	119	of	of	ADP
ftr-419	387	120	partners	partner	NOUN
ftr-419	387	121	,	,	PUNCT
ftr-419	387	122	all	all	PRON
ftr-419	387	123	of	of	ADP
ftr-419	387	124	whom	whom	PRON
ftr-419	387	125	have	have	VERB
ftr-419	387	126	special	special	ADJ
ftr-419	387	127	shares	share	NOUN
ftr-419	387	128	of	of	ADP
ftr-419	387	129	inside	inside	ADJ
ftr-419	387	130	basis	basis	NOUN
ftr-419	387	131	,	,	PUNCT
ftr-419	387	132	that	that	PRON
ftr-419	387	133	could	could	AUX
ftr-419	387	134	be	be	AUX
ftr-419	387	135	burdensome	burdensome	ADJ
ftr-419	387	136	.	.	PUNCT
ftr-419	388	1	in	in	ADP
ftr-419	388	2	opposition	opposition	NOUN
ftr-419	388	3	to	to	ADP
ftr-419	388	4	the	the	DET
ftr-419	388	5	point	point	NOUN
ftr-419	388	6	made	make	VERB
ftr-419	388	7	above	above	ADP
ftr-419	388	8	,	,	PUNCT
ftr-419	388	9	it	it	PRON
ftr-419	388	10	might	might	AUX
ftr-419	388	11	be	be	AUX
ftr-419	388	12	urged	urge	VERB
ftr-419	388	13	that	that	SCONJ
ftr-419	388	14	congress	congress	PROPN
ftr-419	388	15	accepted	accept	VERB
ftr-419	388	16	a	a	DET
ftr-419	388	17	bifurcation	bifurcation	NOUN
ftr-419	388	18	of	of	ADP
ftr-419	388	19	income	income	NOUN
ftr-419	388	20	recognition	recognition	NOUN
ftr-419	388	21	when	when	SCONJ
ftr-419	388	22	it	it	PRON
ftr-419	388	23	adopted	adopt	VERB
ftr-419	388	24	section	section	NOUN
ftr-419	388	25	75	75	NUM
ftr-419	388	26	1(b	1(b	NUM
ftr-419	388	27	)	)	PUNCT
ftr-419	388	28	to	to	PART
ftr-419	388	29	require	require	VERB
ftr-419	388	30	gain	gain	NOUN
ftr-419	388	31	or	or	CCONJ
ftr-419	388	32	loss	loss	NOUN
ftr-419	388	33	recognition	recognition	NOUN
ftr-419	388	34	for	for	ADP
ftr-419	388	35	some	some	DET
ftr-419	388	36	properties	property	NOUN
ftr-419	388	37	in	in	ADP
ftr-419	388	38	certain	certain	ADJ
ftr-419	388	39	circumstances	circumstance	NOUN
ftr-419	388	40	involving	involve	VERB
ftr-419	388	41	partnership	partnership	NOUN
ftr-419	388	42	distributions	distribution	NOUN
ftr-419	388	43	.	.	PUNCT
ftr-419	389	1	but	but	CCONJ
ftr-419	389	2	,	,	PUNCT
ftr-419	389	3	section	section	NOUN
ftr-419	389	4	751(b	751(b	PROPN
ftr-419	389	5	)	)	PUNCT
ftr-419	389	6	is	be	AUX
ftr-419	389	7	an	an	DET
ftr-419	389	8	extraordinary	extraordinary	ADJ
ftr-419	389	9	provision	provision	NOUN
ftr-419	389	10	that	that	PRON
ftr-419	389	11	was	be	AUX
ftr-419	389	12	adopted	adopt	VERB
ftr-419	389	13	to	to	PART
ftr-419	389	14	prevent	prevent	VERB
ftr-419	389	15	an	an	DET
ftr-419	389	16	abusive	abusive	ADJ
ftr-419	389	17	use	use	NOUN
ftr-419	389	18	of	of	ADP
ftr-419	389	19	the	the	DET
ftr-419	389	20	partnership	partnership	NOUN
ftr-419	389	21	tax	tax	NOUN
ftr-419	389	22	provisions	provision	NOUN
ftr-419	389	23	by	by	ADP
ftr-419	389	24	shifting	shift	VERB
ftr-419	389	25	the	the	DET
ftr-419	389	26	characterization	characterization	NOUN
ftr-419	389	27	of	of	ADP
ftr-419	389	28	income	income	NOUN
ftr-419	389	29	among	among	ADP
ftr-419	389	30	several	several	ADJ
ftr-419	389	31	partners	partner	NOUN
ftr-419	389	32	.	.	PUNCT
ftr-419	390	1	congress	congress	PROPN
ftr-419	390	2	considered	consider	VERB
ftr-419	390	3	that	that	SCONJ
ftr-419	390	4	potential	potential	ADJ
ftr-419	390	5	abuse	abuse	NOUN
ftr-419	390	6	to	to	PART
ftr-419	390	7	be	be	AUX
ftr-419	390	8	of	of	ADP
ftr-419	390	9	such	such	ADJ
ftr-419	390	10	importance	importance	NOUN
ftr-419	390	11	that	that	SCONJ
ftr-419	390	12	it	it	PRON
ftr-419	390	13	justified	justify	VERB
ftr-419	390	14	a	a	DET
ftr-419	390	15	limited	limited	ADJ
ftr-419	390	16	intrusion	intrusion	NOUN
ftr-419	390	17	into	into	ADP
ftr-419	390	18	its	its	PRON
ftr-419	390	19	broadly	broadly	ADV
ftr-419	390	20	utilized	utilize	VERB
ftr-419	390	21	principle	principle	NOUN
ftr-419	390	22	of	of	ADP
ftr-419	390	23	deferring	defer	VERB
ftr-419	390	24	gain	gain	NOUN
ftr-419	390	25	or	or	CCONJ
ftr-419	390	26	loss	loss	NOUN
ftr-419	390	27	when	when	SCONJ
ftr-419	390	28	partnership	partnership	NOUN
ftr-419	390	29	distributions	distribution	NOUN
ftr-419	390	30	are	be	AUX
ftr-419	390	31	made	make	VERB
ftr-419	390	32	.	.	PUNCT
ftr-419	391	1	let	let	VERB
ftr-419	391	2	us	we	PRON
ftr-419	391	3	look	look	VERB
ftr-419	391	4	at	at	ADP
ftr-419	391	5	the	the	DET
ftr-419	391	6	one	one	NUM
ftr-419	391	7	potential	potential	ADJ
ftr-419	391	8	abuse	abuse	NOUN
ftr-419	391	9	that	that	PRON
ftr-419	391	10	arises	arise	VERB
ftr-419	391	11	from	from	ADP
ftr-419	391	12	the	the	DET
ftr-419	391	13	authors	author	NOUN
ftr-419	391	14	'	'	PART
ftr-419	391	15	proposals	proposal	NOUN
ftr-419	391	16	for	for	ADP
ftr-419	391	17	nonrecognition	nonrecognition	NOUN
ftr-419	391	18	treatment	treatment	NOUN
ftr-419	391	19	and	and	CCONJ
ftr-419	391	20	(	(	PUNCT
ftr-419	391	21	as	as	SCONJ
ftr-419	391	22	discussed	discuss	VERB
ftr-419	391	23	in	in	ADP
ftr-419	391	24	part	part	NOUN
ftr-419	391	25	v.c	v.c	PROPN
ftr-419	391	26	.	.	PROPN
ftr-419	391	27	)	)	PUNCT
ftr-419	391	28	for	for	ADP
ftr-419	391	29	a	a	DET
ftr-419	391	30	basis	basis	NOUN
ftr-419	391	31	in	in	ADP
ftr-419	391	32	the	the	DET
ftr-419	391	33	distributed	distribute	VERB
ftr-419	391	34	property	property	NOUN
ftr-419	391	35	equal	equal	ADJ
ftr-419	391	36	to	to	ADP
ftr-419	391	37	its	its	PRON
ftr-419	391	38	fair	fair	ADJ
ftr-419	391	39	market	market	NOUN
ftr-419	391	40	value	value	NOUN
ftr-419	391	41	.	.	PUNCT
ftr-419	392	1	63	63	NUM
ftr-419	392	2	.	.	PUNCT
ftr-419	393	1	it	it	PRON
ftr-419	393	2	is	be	AUX
ftr-419	393	3	true	true	ADJ
ftr-419	393	4	that	that	SCONJ
ftr-419	393	5	,	,	PUNCT
ftr-419	393	6	regardless	regardless	ADV
ftr-419	393	7	of	of	ADP
ftr-419	393	8	whether	whether	SCONJ
ftr-419	393	9	gain	gain	NOUN
ftr-419	393	10	is	be	AUX
ftr-419	393	11	recognized	recognize	VERB
ftr-419	393	12	by	by	ADP
ftr-419	393	13	a	a	DET
ftr-419	393	14	partnership	partnership	NOUN
ftr-419	393	15	on	on	ADP
ftr-419	393	16	making	make	VERB
ftr-419	393	17	a	a	DET
ftr-419	393	18	guaranteed	guarantee	VERB
ftr-419	393	19	payment	payment	NOUN
ftr-419	393	20	in	in	ADP
ftr-419	393	21	kind	kind	NOUN
ftr-419	393	22	,	,	PUNCT
ftr-419	393	23	the	the	DET
ftr-419	393	24	partnership	partnership	NOUN
ftr-419	393	25	's	's	PART
ftr-419	393	26	inside	inside	ADJ
ftr-419	393	27	basis	basis	NOUN
ftr-419	393	28	in	in	ADP
ftr-419	393	29	each	each	DET
ftr-419	393	30	distributed	distribute	VERB
ftr-419	393	31	asset	asset	NOUN
ftr-419	393	32	will	will	AUX
ftr-419	393	33	have	have	VERB
ftr-419	393	34	to	to	PART
ftr-419	393	35	be	be	AUX
ftr-419	393	36	split	split	VERB
ftr-419	393	37	between	between	ADP
ftr-419	393	38	the	the	DET
ftr-419	393	39	guaranteed	guarantee	VERB
ftr-419	393	40	and	and	CCONJ
ftr-419	393	41	distributed	distribute	VERB
ftr-419	393	42	portions	portion	NOUN
ftr-419	393	43	in	in	ADP
ftr-419	393	44	order	order	NOUN
ftr-419	393	45	to	to	PART
ftr-419	393	46	determine	determine	VERB
ftr-419	393	47	the	the	DET
ftr-419	393	48	basis	basis	NOUN
ftr-419	393	49	that	that	SCONJ
ftr-419	393	50	the	the	DET
ftr-419	393	51	service	service	NOUN
ftr-419	393	52	partner	partner	NOUN
ftr-419	393	53	acquired	acquire	VERB
ftr-419	393	54	in	in	ADP
ftr-419	393	55	the	the	DET
ftr-419	393	56	property	property	NOUN
ftr-419	393	57	;	;	PUNCT
ftr-419	393	58	and	and	CCONJ
ftr-419	393	59	the	the	DET
ftr-419	393	60	service	service	NOUN
ftr-419	393	61	partner	partner	NOUN
ftr-419	393	62	's	's	PART
ftr-419	393	63	special	special	ADJ
ftr-419	393	64	share	share	NOUN
ftr-419	393	65	of	of	ADP
ftr-419	393	66	inside	inside	ADJ
ftr-419	393	67	basis	basis	NOUN
ftr-419	393	68	under	under	ADP
ftr-419	393	69	irc	irc	PROPN
ftr-419	393	70	§	§	PROPN
ftr-419	393	71	743(b	743(b	PROPN
ftr-419	393	72	)	)	PUNCT
ftr-419	393	73	would	would	AUX
ftr-419	393	74	have	have	VERB
ftr-419	393	75	to	to	PART
ftr-419	393	76	be	be	AUX
ftr-419	393	77	taken	take	VERB
ftr-419	393	78	into	into	ADP
ftr-419	393	79	account	account	NOUN
ftr-419	393	80	for	for	ADP
ftr-419	393	81	that	that	DET
ftr-419	393	82	purpose	purpose	NOUN
ftr-419	393	83	.	.	PUNCT
ftr-419	394	1	but	but	CCONJ
ftr-419	394	2	,	,	PUNCT
ftr-419	394	3	if	if	SCONJ
ftr-419	394	4	gain	gain	NOUN
ftr-419	394	5	is	be	AUX
ftr-419	394	6	not	not	PART
ftr-419	394	7	recognized	recognize	VERB
ftr-419	394	8	by	by	ADP
ftr-419	394	9	the	the	DET
ftr-419	394	10	partnership	partnership	NOUN
ftr-419	394	11	,	,	PUNCT
ftr-419	394	12	there	there	PRON
ftr-419	394	13	is	be	VERB
ftr-419	394	14	no	no	DET
ftr-419	394	15	need	need	NOUN
ftr-419	394	16	to	to	PART
ftr-419	394	17	calculate	calculate	VERB
ftr-419	394	18	each	each	PRON
ftr-419	394	19	of	of	ADP
ftr-419	394	20	the	the	DET
ftr-419	394	21	other	other	ADJ
ftr-419	394	22	partners	partner	NOUN
ftr-419	394	23	'	'	PART
ftr-419	394	24	share	share	NOUN
ftr-419	394	25	of	of	ADP
ftr-419	394	26	inside	inside	ADJ
ftr-419	394	27	basis	basis	NOUN
ftr-419	394	28	.	.	PUNCT
ftr-419	395	1	also	also	ADV
ftr-419	395	2	,	,	PUNCT
ftr-419	395	3	as	as	SCONJ
ftr-419	395	4	explained	explain	VERB
ftr-419	395	5	in	in	ADP
ftr-419	395	6	part	part	NOUN
ftr-419	395	7	vi	vi	PROPN
ftr-419	395	8	,	,	PUNCT
ftr-419	395	9	while	while	SCONJ
ftr-419	395	10	a	a	DET
ftr-419	395	11	division	division	NOUN
ftr-419	395	12	of	of	ADP
ftr-419	395	13	basis	basis	NOUN
ftr-419	395	14	will	will	AUX
ftr-419	395	15	be	be	AUX
ftr-419	395	16	needed	need	VERB
ftr-419	395	17	if	if	SCONJ
ftr-419	395	18	the	the	DET
ftr-419	395	19	distribution	distribution	NOUN
ftr-419	395	20	part	part	NOUN
ftr-419	395	21	of	of	ADP
ftr-419	395	22	the	the	DET
ftr-419	395	23	transaction	transaction	NOUN
ftr-419	395	24	is	be	AUX
ftr-419	395	25	an	an	DET
ftr-419	395	26	operating	operate	VERB
ftr-419	395	27	distribution	distribution	NOUN
ftr-419	395	28	,	,	PUNCT
ftr-419	395	29	no	no	DET
ftr-419	395	30	division	division	NOUN
ftr-419	395	31	will	will	AUX
ftr-419	395	32	be	be	AUX
ftr-419	395	33	needed	need	VERB
ftr-419	395	34	for	for	ADP
ftr-419	395	35	a	a	DET
ftr-419	395	36	liquidating	liquidate	VERB
ftr-419	395	37	distribution	distribution	NOUN
ftr-419	395	38	except	except	SCONJ
ftr-419	395	39	for	for	ADP
ftr-419	395	40	a	a	DET
ftr-419	395	41	distribution	distribution	NOUN
ftr-419	395	42	of	of	ADP
ftr-419	395	43	unrealized	unrealized	ADJ
ftr-419	395	44	receivables	receivables	NOUN
ftr-419	395	45	and	and	CCONJ
ftr-419	395	46	inventory	inventory	NOUN
ftr-419	395	47	;	;	PUNCT
ftr-419	395	48	and	and	CCONJ
ftr-419	395	49	unrealized	unrealized	ADJ
ftr-419	395	50	receivables	receivables	NOUN
ftr-419	395	51	will	will	AUX
ftr-419	395	52	have	have	VERB
ftr-419	395	53	a	a	DET
ftr-419	395	54	zero	zero	NUM
ftr-419	395	55	basis	basis	NOUN
ftr-419	395	56	,	,	PUNCT
ftr-419	395	57	which	which	PRON
ftr-419	395	58	imposes	impose	VERB
ftr-419	395	59	no	no	DET
ftr-419	395	60	difficulties	difficulty	NOUN
ftr-419	395	61	of	of	ADP
ftr-419	395	62	division	division	NOUN
ftr-419	395	63	.	.	PUNCT
ftr-419	396	1	20041	20041	NUM
ftr-419	396	2	florida	florida	PROPN
ftr-419	396	3	tax	tax	PROPN
ftr-419	396	4	review	review	NOUN
ftr-419	396	5	the	the	DET
ftr-419	396	6	potential	potential	ADJ
ftr-419	396	7	abuse	abuse	NOUN
ftr-419	396	8	is	be	AUX
ftr-419	396	9	that	that	SCONJ
ftr-419	396	10	the	the	DET
ftr-419	396	11	character	character	NOUN
ftr-419	396	12	of	of	ADP
ftr-419	396	13	a	a	DET
ftr-419	396	14	deferred	defer	VERB
ftr-419	396	15	gain	gain	NOUN
ftr-419	396	16	can	can	AUX
ftr-419	396	17	be	be	AUX
ftr-419	396	18	changed	change	VERB
ftr-419	396	19	by	by	ADP
ftr-419	396	20	manipulation	manipulation	NOUN
ftr-419	396	21	of	of	ADP
ftr-419	396	22	the	the	DET
ftr-419	396	23	properties	property	NOUN
ftr-419	396	24	distributed	distribute	VERB
ftr-419	396	25	as	as	ADP
ftr-419	396	26	the	the	DET
ftr-419	396	27	guaranteed	guarantee	VERB
ftr-419	396	28	payment	payment	NOUN
ftr-419	396	29	.	.	PUNCT
ftr-419	397	1	if	if	SCONJ
ftr-419	397	2	appreciated	appreciate	VERB
ftr-419	397	3	ordinary	ordinary	ADJ
ftr-419	397	4	income	income	NOUN
ftr-419	397	5	property	property	NOUN
ftr-419	397	6	is	be	AUX
ftr-419	397	7	used	use	VERB
ftr-419	397	8	to	to	PART
ftr-419	397	9	make	make	VERB
ftr-419	397	10	a	a	DET
ftr-419	397	11	guaranteed	guarantee	VERB
ftr-419	397	12	payment	payment	NOUN
ftr-419	397	13	,	,	PUNCT
ftr-419	397	14	and	and	CCONJ
ftr-419	397	15	if	if	SCONJ
ftr-419	397	16	,	,	PUNCT
ftr-419	397	17	as	as	SCONJ
ftr-419	397	18	the	the	DET
ftr-419	397	19	authors	author	NOUN
ftr-419	397	20	propose	propose	VERB
ftr-419	397	21	,	,	PUNCT
ftr-419	397	22	the	the	DET
ftr-419	397	23	basis	basis	NOUN
ftr-419	397	24	of	of	ADP
ftr-419	397	25	that	that	DET
ftr-419	397	26	property	property	NOUN
ftr-419	397	27	in	in	ADP
ftr-419	397	28	the	the	DET
ftr-419	397	29	hands	hand	NOUN
ftr-419	397	30	of	of	ADP
ftr-419	397	31	the	the	DET
ftr-419	397	32	service	service	NOUN
ftr-419	397	33	partner	partner	NOUN
ftr-419	397	34	becomes	become	VERB
ftr-419	397	35	its	its	PRON
ftr-419	397	36	fair	fair	ADJ
ftr-419	397	37	market	market	NOUN
ftr-419	397	38	value	value	NOUN
ftr-419	397	39	,	,	PUNCT
ftr-419	397	40	then	then	ADV
ftr-419	397	41	the	the	DET
ftr-419	397	42	potential	potential	ADJ
ftr-419	397	43	ordinary	ordinary	ADJ
ftr-419	397	44	income	income	NOUN
ftr-419	397	45	that	that	PRON
ftr-419	397	46	the	the	DET
ftr-419	397	47	partnership	partnership	NOUN
ftr-419	397	48	had	have	VERB
ftr-419	397	49	in	in	ADP
ftr-419	397	50	that	that	DET
ftr-419	397	51	property	property	NOUN
ftr-419	397	52	will	will	AUX
ftr-419	397	53	have	have	AUX
ftr-419	397	54	been	be	AUX
ftr-419	397	55	converted	convert	VERB
ftr-419	397	56	to	to	ADP
ftr-419	397	57	a	a	DET
ftr-419	397	58	potential	potential	ADJ
ftr-419	397	59	capital	capital	NOUN
ftr-419	397	60	gain	gain	NOUN
ftr-419	397	61	in	in	ADP
ftr-419	397	62	the	the	DET
ftr-419	397	63	partners	partner	NOUN
ftr-419	397	64	'	'	PART
ftr-419	397	65	interests	interest	NOUN
ftr-419	397	66	in	in	ADP
ftr-419	397	67	the	the	DET
ftr-419	397	68	partnership	partnership	NOUN
ftr-419	397	69	.	.	PUNCT
ftr-419	398	1	as	as	SCONJ
ftr-419	398	2	shown	show	VERB
ftr-419	398	3	in	in	ADP
ftr-419	398	4	part	part	NOUN
ftr-419	398	5	v.c	v.c	PROPN
ftr-419	398	6	.	.	PROPN
ftr-419	398	7	,	,	PUNCT
ftr-419	398	8	the	the	DET
ftr-419	398	9	partnership	partnership	NOUN
ftr-419	398	10	's	's	PART
ftr-419	398	11	unrealized	unrealized	ADJ
ftr-419	398	12	appreciation	appreciation	NOUN
ftr-419	398	13	or	or	CCONJ
ftr-419	398	14	depreciation	depreciation	NOUN
ftr-419	398	15	in	in	ADP
ftr-419	398	16	the	the	DET
ftr-419	398	17	distributed	distribute	VERB
ftr-419	398	18	property	property	NOUN
ftr-419	398	19	is	be	AUX
ftr-419	398	20	reflected	reflect	VERB
ftr-419	398	21	in	in	ADP
ftr-419	398	22	the	the	DET
ftr-419	398	23	unrealized	unrealized	ADJ
ftr-419	398	24	appreciation	appreciation	NOUN
ftr-419	398	25	or	or	CCONJ
ftr-419	398	26	depreciation	depreciation	NOUN
ftr-419	398	27	of	of	ADP
ftr-419	398	28	the	the	DET
ftr-419	398	29	partners	partner	NOUN
ftr-419	398	30	'	'	PART
ftr-419	398	31	interests	interest	NOUN
ftr-419	398	32	,	,	PUNCT
ftr-419	398	33	and	and	CCONJ
ftr-419	398	34	that	that	PRON
ftr-419	398	35	is	be	AUX
ftr-419	398	36	why	why	SCONJ
ftr-419	398	37	it	it	PRON
ftr-419	398	38	is	be	AUX
ftr-419	398	39	proper	proper	ADJ
ftr-419	398	40	for	for	SCONJ
ftr-419	398	41	there	there	PRON
ftr-419	398	42	to	to	PART
ftr-419	398	43	be	be	AUX
ftr-419	398	44	no	no	DET
ftr-419	398	45	appreciation	appreciation	NOUN
ftr-419	398	46	or	or	CCONJ
ftr-419	398	47	depreciation	depreciation	NOUN
ftr-419	398	48	built	build	VERB
ftr-419	398	49	in	in	ADP
ftr-419	398	50	to	to	ADP
ftr-419	398	51	the	the	DET
ftr-419	398	52	distributed	distribute	VERB
ftr-419	398	53	property	property	NOUN
ftr-419	398	54	in	in	ADP
ftr-419	398	55	the	the	DET
ftr-419	398	56	hands	hand	NOUN
ftr-419	398	57	of	of	ADP
ftr-419	398	58	the	the	DET
ftr-419	398	59	service	service	NOUN
ftr-419	398	60	partner	partner	NOUN
ftr-419	398	61	.	.	PUNCT
ftr-419	399	1	but	but	CCONJ
ftr-419	399	2	,	,	PUNCT
ftr-419	399	3	when	when	SCONJ
ftr-419	399	4	appreciated	appreciated	ADJ
ftr-419	399	5	property	property	NOUN
ftr-419	399	6	that	that	PRON
ftr-419	399	7	would	would	AUX
ftr-419	399	8	have	have	AUX
ftr-419	399	9	produced	produce	VERB
ftr-419	399	10	ordinary	ordinary	ADJ
ftr-419	399	11	income	income	NOUN
ftr-419	399	12	when	when	SCONJ
ftr-419	399	13	sold	sell	VERB
ftr-419	399	14	is	be	AUX
ftr-419	399	15	used	use	VERB
ftr-419	399	16	to	to	PART
ftr-419	399	17	make	make	VERB
ftr-419	399	18	a	a	DET
ftr-419	399	19	guaranteed	guarantee	VERB
ftr-419	399	20	payment	payment	NOUN
ftr-419	399	21	,	,	PUNCT
ftr-419	399	22	that	that	PRON
ftr-419	399	23	does	do	AUX
ftr-419	399	24	result	result	VERB
ftr-419	399	25	in	in	ADP
ftr-419	399	26	a	a	DET
ftr-419	399	27	change	change	NOUN
ftr-419	399	28	of	of	ADP
ftr-419	399	29	the	the	DET
ftr-419	399	30	character	character	NOUN
ftr-419	399	31	of	of	ADP
ftr-419	399	32	the	the	DET
ftr-419	399	33	deferred	deferred	ADJ
ftr-419	399	34	income	income	NOUN
ftr-419	399	35	.	.	PUNCT
ftr-419	400	1	in	in	ADP
ftr-419	400	2	the	the	DET
ftr-419	400	3	view	view	NOUN
ftr-419	400	4	of	of	ADP
ftr-419	400	5	the	the	DET
ftr-419	400	6	authors	author	NOUN
ftr-419	400	7	,	,	PUNCT
ftr-419	400	8	that	that	DET
ftr-419	400	9	possibility	possibility	NOUN
ftr-419	400	10	is	be	AUX
ftr-419	400	11	not	not	PART
ftr-419	400	12	of	of	ADP
ftr-419	400	13	sufficient	sufficient	ADJ
ftr-419	400	14	significance	significance	NOUN
ftr-419	400	15	to	to	PART
ftr-419	400	16	warrant	warrant	VERB
ftr-419	400	17	both	both	PRON
ftr-419	400	18	abandoning	abandon	VERB
ftr-419	400	19	the	the	DET
ftr-419	400	20	principle	principle	NOUN
ftr-419	400	21	of	of	ADP
ftr-419	400	22	nonrecognition	nonrecognition	NOUN
ftr-419	400	23	that	that	PRON
ftr-419	400	24	plays	play	VERB
ftr-419	400	25	such	such	DET
ftr-419	400	26	a	a	DET
ftr-419	400	27	prominent	prominent	ADJ
ftr-419	400	28	role	role	NOUN
ftr-419	400	29	in	in	ADP
ftr-419	400	30	subchapter	subchapter	NOUN
ftr-419	400	31	k	k	PROPN
ftr-419	400	32	and	and	CCONJ
ftr-419	400	33	embracing	embrace	VERB
ftr-419	400	34	the	the	DET
ftr-419	400	35	administrative	administrative	ADJ
ftr-419	400	36	complexity	complexity	NOUN
ftr-419	400	37	that	that	SCONJ
ftr-419	400	38	recognition	recognition	NOUN
ftr-419	400	39	will	will	AUX
ftr-419	400	40	engender	engender	VERB
ftr-419	400	41	.	.	PUNCT
ftr-419	401	1	while	while	SCONJ
ftr-419	401	2	congress	congress	PROPN
ftr-419	401	3	did	do	AUX
ftr-419	401	4	address	address	VERB
ftr-419	401	5	a	a	DET
ftr-419	401	6	similar	similar	ADJ
ftr-419	401	7	type	type	NOUN
ftr-419	401	8	of	of	ADP
ftr-419	401	9	potential	potential	ADJ
ftr-419	401	10	abuse	abuse	NOUN
ftr-419	401	11	when	when	SCONJ
ftr-419	401	12	it	it	PRON
ftr-419	401	13	adopted	adopt	VERB
ftr-419	401	14	section	section	NOUN
ftr-419	401	15	751	751	NUM
ftr-419	401	16	(	(	PUNCT
ftr-419	401	17	b	b	NOUN
ftr-419	401	18	)	)	PUNCT
ftr-419	401	19	,	,	PUNCT
ftr-419	401	20	that	that	DET
ftr-419	401	21	provision	provision	NOUN
ftr-419	401	22	has	have	AUX
ftr-419	401	23	been	be	AUX
ftr-419	401	24	subjected	subject	VERB
ftr-419	401	25	to	to	ADP
ftr-419	401	26	severe	severe	ADJ
ftr-419	401	27	criticism	criticism	NOUN
ftr-419	401	28	for	for	ADP
ftr-419	401	29	its	its	PRON
ftr-419	401	30	complexity	complexity	NOUN
ftr-419	401	31	and	and	CCONJ
ftr-419	401	32	for	for	ADP
ftr-419	401	33	having	having	AUX
ftr-419	401	34	made	make	VERB
ftr-419	401	35	a	a	DET
ftr-419	401	36	mountain	mountain	NOUN
ftr-419	401	37	out	out	ADP
ftr-419	401	38	of	of	ADP
ftr-419	401	39	a	a	DET
ftr-419	401	40	mole	mole	NOUN
ftr-419	401	41	hill	hill	NOUN
ftr-419	401	42	.	.	PUNCT
ftr-419	402	1	in	in	ADP
ftr-419	402	2	adopting	adopt	VERB
ftr-419	402	3	that	that	DET
ftr-419	402	4	provision	provision	NOUN
ftr-419	402	5	,	,	PUNCT
ftr-419	402	6	congress	congress	PROPN
ftr-419	402	7	was	be	AUX
ftr-419	402	8	not	not	PART
ftr-419	402	9	willing	willing	ADJ
ftr-419	402	10	to	to	PART
ftr-419	402	11	eliminate	eliminate	VERB
ftr-419	402	12	all	all	DET
ftr-419	402	13	nonrecognition	nonrecognition	NOUN
ftr-419	402	14	for	for	ADP
ftr-419	402	15	distributions	distribution	NOUN
ftr-419	402	16	of	of	ADP
ftr-419	402	17	property	property	NOUN
ftr-419	402	18	in	in	ADP
ftr-419	402	19	which	which	PRON
ftr-419	402	20	section	section	NOUN
ftr-419	402	21	751(b	751(b	PROPN
ftr-419	402	22	)	)	PUNCT
ftr-419	402	23	was	be	AUX
ftr-419	402	24	implicated	implicate	VERB
ftr-419	402	25	;	;	PUNCT
ftr-419	402	26	that	that	PRON
ftr-419	402	27	would	would	AUX
ftr-419	402	28	have	have	AUX
ftr-419	402	29	been	be	AUX
ftr-419	402	30	too	too	ADV
ftr-419	402	31	draconic	draconic	ADJ
ftr-419	402	32	.	.	PUNCT
ftr-419	403	1	instead	instead	ADV
ftr-419	403	2	,	,	PUNCT
ftr-419	403	3	congress	congress	PROPN
ftr-419	403	4	required	require	VERB
ftr-419	403	5	recognition	recognition	NOUN
ftr-419	403	6	only	only	ADV
ftr-419	403	7	to	to	ADP
ftr-419	403	8	the	the	DET
ftr-419	403	9	extent	extent	NOUN
ftr-419	403	10	needed	need	VERB
ftr-419	403	11	to	to	PART
ftr-419	403	12	prevent	prevent	VERB
ftr-419	403	13	the	the	DET
ftr-419	403	14	abuse	abuse	NOUN
ftr-419	403	15	.	.	PUNCT
ftr-419	404	1	the	the	DET
ftr-419	404	2	problem	problem	NOUN
ftr-419	404	3	is	be	AUX
ftr-419	404	4	that	that	SCONJ
ftr-419	404	5	by	by	ADP
ftr-419	404	6	focusing	focus	VERB
ftr-419	404	7	only	only	ADV
ftr-419	404	8	on	on	ADP
ftr-419	404	9	the	the	DET
ftr-419	404	10	abusive	abusive	ADJ
ftr-419	404	11	element	element	NOUN
ftr-419	404	12	,	,	PUNCT
ftr-419	404	13	congress	congress	PROPN
ftr-419	404	14	introduced	introduce	VERB
ftr-419	404	15	a	a	DET
ftr-419	404	16	complex	complex	ADJ
ftr-419	404	17	and	and	CCONJ
ftr-419	404	18	cumbersome	cumbersome	ADJ
ftr-419	404	19	structure	structure	NOUN
ftr-419	404	20	that	that	PRON
ftr-419	404	21	has	have	AUX
ftr-419	404	22	proven	prove	VERB
ftr-419	404	23	very	very	ADV
ftr-419	404	24	difficult	difficult	ADJ
ftr-419	404	25	to	to	PART
ftr-419	404	26	administer	administer	VERB
ftr-419	404	27	.	.	PUNCT
ftr-419	405	1	given	give	VERB
ftr-419	405	2	that	that	SCONJ
ftr-419	405	3	no	no	DET
ftr-419	405	4	similar	similar	ADJ
ftr-419	405	5	structure	structure	NOUN
ftr-419	405	6	has	have	AUX
ftr-419	405	7	been	be	AUX
ftr-419	405	8	adopted	adopt	VERB
ftr-419	405	9	for	for	ADP
ftr-419	405	10	guaranteed	guarantee	VERB
ftr-419	405	11	payments	payment	NOUN
ftr-419	405	12	(	(	PUNCT
ftr-419	405	13	and	and	CCONJ
ftr-419	405	14	none	none	NOUN
ftr-419	405	15	would	would	AUX
ftr-419	405	16	appear	appear	VERB
ftr-419	405	17	to	to	PART
ftr-419	405	18	be	be	AUX
ftr-419	405	19	desirable),64	desirable),64	VERB
ftr-419	405	20	the	the	DET
ftr-419	405	21	choice	choice	NOUN
ftr-419	405	22	available	available	ADJ
ftr-419	405	23	for	for	ADP
ftr-419	405	24	the	the	DET
ftr-419	405	25	construction	construction	NOUN
ftr-419	405	26	of	of	ADP
ftr-419	405	27	the	the	DET
ftr-419	405	28	currently	currently	ADV
ftr-419	405	29	applicable	applicable	ADJ
ftr-419	405	30	provision	provision	NOUN
ftr-419	405	31	is	be	AUX
ftr-419	405	32	either	either	PRON
ftr-419	405	33	to	to	PART
ftr-419	405	34	deny	deny	VERB
ftr-419	405	35	nonrecognition	nonrecognition	NOUN
ftr-419	405	36	entirely	entirely	ADV
ftr-419	405	37	to	to	ADP
ftr-419	405	38	guaranteed	guarantee	VERB
ftr-419	405	39	payments	payment	NOUN
ftr-419	405	40	or	or	CCONJ
ftr-419	405	41	to	to	PART
ftr-419	405	42	accept	accept	VERB
ftr-419	405	43	the	the	DET
ftr-419	405	44	potential	potential	NOUN
ftr-419	405	45	for	for	ADP
ftr-419	405	46	shifting	shift	VERB
ftr-419	405	47	of	of	ADP
ftr-419	405	48	characterization	characterization	NOUN
ftr-419	405	49	as	as	ADP
ftr-419	405	50	a	a	DET
ftr-419	405	51	relatively	relatively	ADV
ftr-419	405	52	minor	minor	ADJ
ftr-419	405	53	cost	cost	NOUN
ftr-419	405	54	of	of	ADP
ftr-419	405	55	the	the	DET
ftr-419	405	56	benefit	benefit	NOUN
ftr-419	405	57	of	of	ADP
ftr-419	405	58	having	have	VERB
ftr-419	405	59	nonrecognition	nonrecognition	NOUN
ftr-419	405	60	so	so	SCONJ
ftr-419	405	61	that	that	SCONJ
ftr-419	405	62	ordinary	ordinary	ADJ
ftr-419	405	63	transactions	transaction	NOUN
ftr-419	405	64	of	of	ADP
ftr-419	405	65	this	this	DET
ftr-419	405	66	nature	nature	NOUN
ftr-419	405	67	are	be	AUX
ftr-419	405	68	not	not	PART
ftr-419	405	69	deterred	deter	VERB
ftr-419	405	70	.	.	PUNCT
ftr-419	406	1	the	the	DET
ftr-419	406	2	latter	latter	ADJ
ftr-419	406	3	course	course	NOUN
ftr-419	406	4	seems	seem	VERB
ftr-419	406	5	far	far	ADV
ftr-419	406	6	more	more	ADV
ftr-419	406	7	desirable	desirable	ADJ
ftr-419	406	8	given	give	VERB
ftr-419	406	9	the	the	DET
ftr-419	406	10	strong	strong	ADJ
ftr-419	406	11	sentiment	sentiment	NOUN
ftr-419	406	12	in	in	ADP
ftr-419	406	13	subchapter	subchapter	NOUN
ftr-419	406	14	k	k	PROPN
ftr-419	406	15	to	to	PART
ftr-419	406	16	allow	allow	VERB
ftr-419	406	17	nonrecognition	nonrecognition	NOUN
ftr-419	406	18	so	so	SCONJ
ftr-419	406	19	as	as	SCONJ
ftr-419	406	20	to	to	PART
ftr-419	406	21	prevent	prevent	VERB
ftr-419	406	22	the	the	DET
ftr-419	406	23	tax	tax	NOUN
ftr-419	406	24	law	law	NOUN
ftr-419	406	25	from	from	ADP
ftr-419	406	26	unnecessarily	unnecessarily	ADV
ftr-419	406	27	influencing	influence	VERB
ftr-419	406	28	legitimate	legitimate	ADJ
ftr-419	406	29	business	business	NOUN
ftr-419	406	30	transactions	transaction	NOUN
ftr-419	406	31	.	.	PUNCT
ftr-419	407	1	64	64	NUM
ftr-419	407	2	.	.	PUNCT
ftr-419	408	1	the	the	DET
ftr-419	408	2	complexity	complexity	NOUN
ftr-419	408	3	of	of	ADP
ftr-419	408	4	irc	irc	PROPN
ftr-419	408	5	§	§	PROPN
ftr-419	408	6	751(b	751(b	PROPN
ftr-419	408	7	)	)	PUNCT
ftr-419	408	8	has	have	AUX
ftr-419	408	9	generated	generate	VERB
ftr-419	408	10	severe	severe	ADJ
ftr-419	408	11	criticism	criticism	NOUN
ftr-419	408	12	and	and	CCONJ
ftr-419	408	13	spawned	spawn	VERB
ftr-419	408	14	recommendations	recommendation	NOUN
ftr-419	408	15	for	for	ADP
ftr-419	408	16	its	its	PRON
ftr-419	408	17	repeal	repeal	NOUN
ftr-419	408	18	.	.	PUNCT
ftr-419	409	1	see	see	VERB
ftr-419	409	2	lind	lind	PROPN
ftr-419	409	3	,	,	PUNCT
ftr-419	409	4	supra	supra	PROPN
ftr-419	409	5	note	note	NOUN
ftr-419	409	6	2	2	NUM
ftr-419	409	7	,	,	PUNCT
ftr-419	409	8	at	at	ADP
ftr-419	409	9	316	316	NUM
ftr-419	409	10	,	,	PUNCT
ftr-419	409	11	(	(	PUNCT
ftr-419	409	12	quoting	quote	VERB
ftr-419	409	13	a	a	DET
ftr-419	409	14	statement	statement	NOUN
ftr-419	409	15	in	in	ADP
ftr-419	409	16	1986	1986	NUM
ftr-419	409	17	to	to	ADP
ftr-419	409	18	a	a	DET
ftr-419	409	19	subcommittee	subcommittee	NOUN
ftr-419	409	20	of	of	ADP
ftr-419	409	21	the	the	DET
ftr-419	409	22	house	house	NOUN
ftr-419	409	23	ways	way	NOUN
ftr-419	409	24	and	and	CCONJ
ftr-419	409	25	means	mean	VERB
ftr-419	409	26	committee	committee	NOUN
ftr-419	409	27	)	)	PUNCT
ftr-419	409	28	.	.	PUNCT
ftr-419	410	1	a	a	DET
ftr-419	410	2	provision	provision	NOUN
ftr-419	410	3	requiring	require	VERB
ftr-419	410	4	recognition	recognition	NOUN
ftr-419	410	5	of	of	ADP
ftr-419	410	6	gain	gain	NOUN
ftr-419	410	7	on	on	ADP
ftr-419	410	8	making	make	VERB
ftr-419	410	9	a	a	DET
ftr-419	410	10	guaranteed	guarantee	VERB
ftr-419	410	11	payment	payment	NOUN
ftr-419	410	12	to	to	ADP
ftr-419	410	13	the	the	DET
ftr-419	410	14	extent	extent	NOUN
ftr-419	410	15	of	of	ADP
ftr-419	410	16	the	the	DET
ftr-419	410	17	property	property	NOUN
ftr-419	410	18	's	's	PART
ftr-419	410	19	appreciation	appreciation	NOUN
ftr-419	410	20	that	that	PRON
ftr-419	410	21	would	would	AUX
ftr-419	410	22	be	be	AUX
ftr-419	410	23	taxed	tax	VERB
ftr-419	410	24	as	as	ADP
ftr-419	410	25	ordinary	ordinary	ADJ
ftr-419	410	26	income	income	NOUN
ftr-419	410	27	if	if	SCONJ
ftr-419	410	28	the	the	DET
ftr-419	410	29	property	property	NOUN
ftr-419	410	30	were	be	AUX
ftr-419	410	31	sold	sell	VERB
ftr-419	410	32	could	could	AUX
ftr-419	410	33	be	be	AUX
ftr-419	410	34	adopted	adopt	VERB
ftr-419	410	35	only	only	ADV
ftr-419	410	36	by	by	ADP
ftr-419	410	37	a	a	DET
ftr-419	410	38	legislative	legislative	ADJ
ftr-419	410	39	amendment	amendment	NOUN
ftr-419	410	40	,	,	PUNCT
ftr-419	410	41	and	and	CCONJ
ftr-419	410	42	it	it	PRON
ftr-419	410	43	is	be	AUX
ftr-419	410	44	doubtful	doubtful	ADJ
ftr-419	410	45	that	that	SCONJ
ftr-419	410	46	such	such	DET
ftr-419	410	47	an	an	DET
ftr-419	410	48	amendment	amendment	NOUN
ftr-419	410	49	is	be	AUX
ftr-419	410	50	desirable	desirable	ADJ
ftr-419	410	51	given	give	VERB
ftr-419	410	52	the	the	DET
ftr-419	410	53	complexity	complexity	NOUN
ftr-419	410	54	it	it	PRON
ftr-419	410	55	would	would	AUX
ftr-419	410	56	engender	engender	VERB
ftr-419	410	57	.	.	PUNCT
ftr-419	411	1	[	[	X
ftr-419	411	2	vol.6:5	vol.6:5	VERB
ftr-419	411	3	guaranteed	guarantee	VERB
ftr-419	411	4	payments	payment	NOUN
ftr-419	411	5	made	make	VERB
ftr-419	411	6	in	in	ADP
ftr-419	411	7	kind	kind	NOUN
ftr-419	411	8	by	by	ADP
ftr-419	411	9	a	a	DET
ftr-419	411	10	partnership	partnership	NOUN
ftr-419	411	11	in	in	ADP
ftr-419	411	12	contrast	contrast	NOUN
ftr-419	411	13	to	to	ADP
ftr-419	411	14	the	the	DET
ftr-419	411	15	weight	weight	NOUN
ftr-419	411	16	that	that	PRON
ftr-419	411	17	congress	congress	PROPN
ftr-419	411	18	accorded	accord	VERB
ftr-419	411	19	,	,	PUNCT
ftr-419	411	20	in	in	ADP
ftr-419	411	21	adopting	adopt	VERB
ftr-419	411	22	section	section	NOUN
ftr-419	411	23	751	751	NUM
ftr-419	411	24	(	(	PUNCT
ftr-419	411	25	b	b	NOUN
ftr-419	411	26	)	)	PUNCT
ftr-419	411	27	,	,	PUNCT
ftr-419	411	28	to	to	ADP
ftr-419	411	29	a	a	DET
ftr-419	411	30	concern	concern	NOUN
ftr-419	411	31	over	over	ADP
ftr-419	411	32	the	the	DET
ftr-419	411	33	possibility	possibility	NOUN
ftr-419	411	34	of	of	ADP
ftr-419	411	35	shifting	shift	VERB
ftr-419	411	36	potential	potential	ADJ
ftr-419	411	37	ordinary	ordinary	ADJ
ftr-419	411	38	income	income	NOUN
ftr-419	411	39	to	to	ADP
ftr-419	411	40	a	a	DET
ftr-419	411	41	potential	potential	ADJ
ftr-419	411	42	capital	capital	NOUN
ftr-419	411	43	gain	gain	NOUN
ftr-419	411	44	,	,	PUNCT
ftr-419	411	45	congress	congress	PROPN
ftr-419	411	46	deemed	deem	VERB
ftr-419	411	47	the	the	DET
ftr-419	411	48	goal	goal	NOUN
ftr-419	411	49	of	of	ADP
ftr-419	411	50	nonrecognition	nonrecognition	NOUN
ftr-419	411	51	to	to	PART
ftr-419	411	52	be	be	AUX
ftr-419	411	53	more	more	ADV
ftr-419	411	54	important	important	ADJ
ftr-419	411	55	when	when	SCONJ
ftr-419	411	56	it	it	PRON
ftr-419	411	57	deferred	defer	VERB
ftr-419	411	58	cancellation	cancellation	NOUN
ftr-419	411	59	of	of	ADP
ftr-419	411	60	indebtedness	indebtedness	NOUN
ftr-419	411	61	income	income	NOUN
ftr-419	411	62	for	for	ADP
ftr-419	411	63	insolvent	insolvent	ADJ
ftr-419	411	64	taxpayers	taxpayer	NOUN
ftr-419	411	65	.	.	PUNCT
ftr-419	412	1	under	under	ADP
ftr-419	412	2	section	section	NOUN
ftr-419	412	3	108(a)(1)(b	108(a)(1)(b	NUM
ftr-419	412	4	)	)	PUNCT
ftr-419	412	5	,	,	PUNCT
ftr-419	412	6	a	a	DET
ftr-419	412	7	taxpayer	taxpayer	NOUN
ftr-419	412	8	does	do	AUX
ftr-419	412	9	not	not	PART
ftr-419	412	10	recognize	recognize	VERB
ftr-419	412	11	income	income	NOUN
ftr-419	412	12	for	for	ADP
ftr-419	412	13	a	a	DET
ftr-419	412	14	cancellation	cancellation	NOUN
ftr-419	412	15	of	of	ADP
ftr-419	412	16	a	a	DET
ftr-419	412	17	debt	debt	NOUN
ftr-419	412	18	of	of	ADP
ftr-419	412	19	the	the	DET
ftr-419	412	20	taxpayer	taxpayer	NOUN
ftr-419	412	21	to	to	ADP
ftr-419	412	22	the	the	DET
ftr-419	412	23	extent	extent	NOUN
ftr-419	412	24	of	of	ADP
ftr-419	412	25	the	the	DET
ftr-419	412	26	taxpayer	taxpayer	NOUN
ftr-419	412	27	's	's	PART
ftr-419	412	28	insolvency	insolvency	NOUN
ftr-419	412	29	at	at	ADP
ftr-419	412	30	that	that	DET
ftr-419	412	31	time	time	NOUN
ftr-419	412	32	,	,	PUNCT
ftr-419	412	33	but	but	CCONJ
ftr-419	412	34	the	the	DET
ftr-419	412	35	realized	realize	VERB
ftr-419	412	36	income	income	NOUN
ftr-419	412	37	typically	typically	ADV
ftr-419	412	38	is	be	AUX
ftr-419	412	39	deferred	defer	VERB
ftr-419	412	40	by	by	ADP
ftr-419	412	41	reducing	reduce	VERB
ftr-419	412	42	a	a	DET
ftr-419	412	43	favorable	favorable	ADJ
ftr-419	412	44	tax	tax	NOUN
ftr-419	412	45	attribute	attribute	NOUN
ftr-419	412	46	of	of	ADP
ftr-419	412	47	the	the	DET
ftr-419	412	48	taxpayer	taxpayer	NOUN
ftr-419	412	49	's	's	PART
ftr-419	412	50	under	under	ADP
ftr-419	412	51	section	section	NOUN
ftr-419	412	52	108(b	108(b	PROPN
ftr-419	412	53	)	)	PUNCT
ftr-419	412	54	.	.	PUNCT
ftr-419	413	1	the	the	DET
ftr-419	413	2	income	income	NOUN
ftr-419	413	3	that	that	PRON
ftr-419	413	4	is	be	AUX
ftr-419	413	5	realized	realize	VERB
ftr-419	413	6	from	from	ADP
ftr-419	413	7	a	a	DET
ftr-419	413	8	cancellation	cancellation	NOUN
ftr-419	413	9	of	of	ADP
ftr-419	413	10	a	a	DET
ftr-419	413	11	debt	debt	NOUN
ftr-419	413	12	is	be	AUX
ftr-419	413	13	ordinary	ordinary	ADJ
ftr-419	413	14	income	income	NOUN
ftr-419	413	15	.	.	PUNCT
ftr-419	414	1	in	in	ADP
ftr-419	414	2	some	some	DET
ftr-419	414	3	instances	instance	NOUN
ftr-419	414	4	,	,	PUNCT
ftr-419	414	5	under	under	ADP
ftr-419	414	6	sections	section	NOUN
ftr-419	414	7	108(b)(2)(e	108(b)(2)(e	NOUN
ftr-419	414	8	)	)	PUNCT
ftr-419	414	9	and	and	CCONJ
ftr-419	414	10	1017	1017	NUM
ftr-419	414	11	,	,	PUNCT
ftr-419	414	12	the	the	DET
ftr-419	414	13	tax	tax	NOUN
ftr-419	414	14	attribute	attribute	NOUN
ftr-419	414	15	that	that	PRON
ftr-419	414	16	is	be	AUX
ftr-419	414	17	reduced	reduce	VERB
ftr-419	414	18	to	to	PART
ftr-419	414	19	defer	defer	VERB
ftr-419	414	20	the	the	DET
ftr-419	414	21	recognition	recognition	NOUN
ftr-419	414	22	of	of	ADP
ftr-419	414	23	that	that	DET
ftr-419	414	24	ordinary	ordinary	ADJ
ftr-419	414	25	income	income	NOUN
ftr-419	414	26	is	be	AUX
ftr-419	414	27	the	the	DET
ftr-419	414	28	taxpayer	taxpayer	NOUN
ftr-419	414	29	's	's	PART
ftr-419	414	30	basis	basis	NOUN
ftr-419	414	31	in	in	ADP
ftr-419	414	32	property	property	NOUN
ftr-419	414	33	that	that	PRON
ftr-419	414	34	the	the	DET
ftr-419	414	35	taxpayer	taxpayer	NOUN
ftr-419	414	36	owns	own	VERB
ftr-419	414	37	.	.	PUNCT
ftr-419	415	1	treasury	treasury	NOUN
ftr-419	415	2	regulation	regulation	NOUN
ftr-419	415	3	section	section	NOUN
ftr-419	415	4	1.1017	1.1017	NUM
ftr-419	415	5	-	-	SYM
ftr-419	415	6	1(a	1(a	NUM
ftr-419	415	7	)	)	PUNCT
ftr-419	415	8	establishes	establish	VERB
ftr-419	415	9	an	an	DET
ftr-419	415	10	order	order	NOUN
ftr-419	415	11	of	of	ADP
ftr-419	415	12	priority	priority	NOUN
ftr-419	415	13	for	for	ADP
ftr-419	415	14	the	the	DET
ftr-419	415	15	taxpayer	taxpayer	NOUN
ftr-419	415	16	's	's	PART
ftr-419	415	17	properties	property	NOUN
ftr-419	415	18	whose	whose	DET
ftr-419	415	19	basis	basis	NOUN
ftr-419	415	20	is	be	AUX
ftr-419	415	21	to	to	PART
ftr-419	415	22	be	be	AUX
ftr-419	415	23	reduced	reduce	VERB
ftr-419	415	24	;	;	PUNCT
ftr-419	415	25	and	and	CCONJ
ftr-419	415	26	generally	generally	ADV
ftr-419	415	27	the	the	DET
ftr-419	415	28	basis	basis	NOUN
ftr-419	415	29	of	of	ADP
ftr-419	415	30	property	property	NOUN
ftr-419	415	31	that	that	PRON
ftr-419	415	32	would	would	AUX
ftr-419	415	33	produce	produce	VERB
ftr-419	415	34	a	a	DET
ftr-419	415	35	capital	capital	NOUN
ftr-419	415	36	gain	gain	NOUN
ftr-419	415	37	(	(	PUNCT
ftr-419	415	38	or	or	CCONJ
ftr-419	415	39	a	a	DET
ftr-419	415	40	comparable	comparable	ADJ
ftr-419	415	41	section	section	NOUN
ftr-419	415	42	1231	1231	NUM
ftr-419	415	43	gain	gain	NOUN
ftr-419	415	44	)	)	PUNCT
ftr-419	415	45	is	be	AUX
ftr-419	415	46	reduced	reduce	VERB
ftr-419	415	47	first	first	ADV
ftr-419	415	48	.	.	PUNCT
ftr-419	416	1	while	while	SCONJ
ftr-419	416	2	that	that	DET
ftr-419	416	3	provision	provision	NOUN
ftr-419	416	4	is	be	AUX
ftr-419	416	5	less	less	ADV
ftr-419	416	6	vulnerable	vulnerable	ADJ
ftr-419	416	7	to	to	ADP
ftr-419	416	8	manipulation	manipulation	NOUN
ftr-419	416	9	by	by	ADP
ftr-419	416	10	the	the	DET
ftr-419	416	11	taxpayer	taxpayer	NOUN
ftr-419	416	12	,	,	PUNCT
ftr-419	416	13	it	it	PRON
ftr-419	416	14	does	do	AUX
ftr-419	416	15	constitute	constitute	VERB
ftr-419	416	16	a	a	DET
ftr-419	416	17	situation	situation	NOUN
ftr-419	416	18	where	where	SCONJ
ftr-419	416	19	it	it	PRON
ftr-419	416	20	is	be	AUX
ftr-419	416	21	possible	possible	ADJ
ftr-419	416	22	for	for	SCONJ
ftr-419	416	23	a	a	DET
ftr-419	416	24	taxpayer	taxpayer	NOUN
ftr-419	416	25	's	's	PART
ftr-419	416	26	ordinary	ordinary	ADJ
ftr-419	416	27	income	income	NOUN
ftr-419	416	28	to	to	PART
ftr-419	416	29	be	be	AUX
ftr-419	416	30	converted	convert	VERB
ftr-419	416	31	to	to	ADP
ftr-419	416	32	a	a	DET
ftr-419	416	33	potential	potential	ADJ
ftr-419	416	34	capital	capital	NOUN
ftr-419	416	35	gain	gain	NOUN
ftr-419	416	36	to	to	PART
ftr-419	416	37	be	be	AUX
ftr-419	416	38	recognized	recognize	VERB
ftr-419	416	39	at	at	ADP
ftr-419	416	40	a	a	DET
ftr-419	416	41	later	later	ADJ
ftr-419	416	42	date	date	NOUN
ftr-419	416	43	.	.	PUNCT
ftr-419	417	1	it	it	PRON
ftr-419	417	2	does	do	AUX
ftr-419	417	3	indicate	indicate	VERB
ftr-419	417	4	that	that	SCONJ
ftr-419	417	5	congress	congress	PROPN
ftr-419	417	6	is	be	AUX
ftr-419	417	7	willing	willing	ADJ
ftr-419	417	8	to	to	PART
ftr-419	417	9	allow	allow	VERB
ftr-419	417	10	ordinary	ordinary	ADJ
ftr-419	417	11	income	income	NOUN
ftr-419	417	12	to	to	PART
ftr-419	417	13	be	be	AUX
ftr-419	417	14	converted	convert	VERB
ftr-419	417	15	to	to	ADP
ftr-419	417	16	capital	capital	NOUN
ftr-419	417	17	gain	gain	NOUN
ftr-419	417	18	in	in	ADP
ftr-419	417	19	order	order	NOUN
ftr-419	417	20	to	to	PART
ftr-419	417	21	implement	implement	VERB
ftr-419	417	22	a	a	DET
ftr-419	417	23	system	system	NOUN
ftr-419	417	24	of	of	ADP
ftr-419	417	25	nonrecognition	nonrecognition	NOUN
ftr-419	417	26	.	.	PUNCT
ftr-419	418	1	the	the	DET
ftr-419	418	2	legislative	legislative	ADJ
ftr-419	418	3	history	history	NOUN
ftr-419	418	4	of	of	ADP
ftr-419	418	5	section	section	NOUN
ftr-419	418	6	707(c	707(c	PROPN
ftr-419	418	7	)	)	PUNCT
ftr-419	418	8	demonstrates	demonstrate	VERB
ftr-419	418	9	that	that	SCONJ
ftr-419	418	10	congress	congress	PROPN
ftr-419	418	11	intended	intend	VERB
ftr-419	418	12	guaranteed	guarantee	VERB
ftr-419	418	13	payments	payment	NOUN
ftr-419	418	14	to	to	PART
ftr-419	418	15	continue	continue	VERB
ftr-419	418	16	to	to	PART
ftr-419	418	17	be	be	AUX
ftr-419	418	18	treated	treat	VERB
ftr-419	418	19	as	as	ADP
ftr-419	418	20	partnership	partnership	NOUN
ftr-419	418	21	distributions	distribution	NOUN
ftr-419	418	22	,	,	PUNCT
ftr-419	418	23	as	as	SCONJ
ftr-419	418	24	they	they	PRON
ftr-419	418	25	had	have	AUX
ftr-419	418	26	been	be	AUX
ftr-419	418	27	treated	treat	VERB
ftr-419	418	28	before	before	ADP
ftr-419	418	29	section	section	NOUN
ftr-419	418	30	707(c	707(c	PROPN
ftr-419	418	31	)	)	PUNCT
ftr-419	418	32	was	be	AUX
ftr-419	418	33	adopted	adopt	VERB
ftr-419	418	34	,	,	PUNCT
ftr-419	418	35	except	except	SCONJ
ftr-419	418	36	that	that	SCONJ
ftr-419	418	37	the	the	DET
ftr-419	418	38	determination	determination	NOUN
ftr-419	418	39	of	of	ADP
ftr-419	418	40	income	income	NOUN
ftr-419	418	41	to	to	ADP
ftr-419	418	42	the	the	DET
ftr-419	418	43	partner	partner	NOUN
ftr-419	418	44	and	and	CCONJ
ftr-419	418	45	deductibility	deductibility	NOUN
ftr-419	418	46	for	for	ADP
ftr-419	418	47	the	the	DET
ftr-419	418	48	partnership	partnership	NOUN
ftr-419	418	49	were	be	AUX
ftr-419	418	50	simplified	simplify	VERB
ftr-419	418	51	and	and	CCONJ
ftr-419	418	52	given	give	VERB
ftr-419	418	53	more	more	ADV
ftr-419	418	54	consistent	consistent	ADJ
ftr-419	418	55	treatment	treatment	NOUN
ftr-419	418	56	.	.	PUNCT
ftr-419	419	1	it	it	PRON
ftr-419	419	2	was	be	AUX
ftr-419	419	3	only	only	ADV
ftr-419	419	4	for	for	ADP
ftr-419	419	5	those	those	DET
ftr-419	419	6	limited	limited	ADJ
ftr-419	419	7	purposes	purpose	NOUN
ftr-419	419	8	that	that	PRON
ftr-419	419	9	a	a	DET
ftr-419	419	10	guaranteed	guarantee	VERB
ftr-419	419	11	payment	payment	NOUN
ftr-419	419	12	was	be	AUX
ftr-419	419	13	to	to	PART
ftr-419	419	14	be	be	AUX
ftr-419	419	15	treated	treat	VERB
ftr-419	419	16	as	as	ADP
ftr-419	419	17	a	a	DET
ftr-419	419	18	payment	payment	NOUN
ftr-419	419	19	from	from	ADP
ftr-419	419	20	a	a	DET
ftr-419	419	21	separate	separate	ADJ
ftr-419	419	22	entity	entity	NOUN
ftr-419	419	23	.	.	PUNCT
ftr-419	420	1	entity	entity	NOUN
ftr-419	420	2	treatment	treatment	NOUN
ftr-419	420	3	is	be	AUX
ftr-419	420	4	applied	apply	VERB
ftr-419	420	5	in	in	ADP
ftr-419	420	6	a	a	DET
ftr-419	420	7	few	few	ADJ
ftr-419	420	8	other	other	ADJ
ftr-419	420	9	circumstances	circumstance	NOUN
ftr-419	420	10	,	,	PUNCT
ftr-419	420	11	but	but	CCONJ
ftr-419	420	12	only	only	ADV
ftr-419	420	13	where	where	SCONJ
ftr-419	420	14	it	it	PRON
ftr-419	420	15	was	be	AUX
ftr-419	420	16	needed	need	VERB
ftr-419	420	17	to	to	PART
ftr-419	420	18	prevent	prevent	VERB
ftr-419	420	19	results	result	NOUN
ftr-419	420	20	that	that	PRON
ftr-419	420	21	would	would	AUX
ftr-419	420	22	contravene	contravene	VERB
ftr-419	420	23	basic	basic	ADJ
ftr-419	420	24	tax	tax	NOUN
ftr-419	420	25	principles.65	principles.65	ADP
ftr-419	420	26	this	this	PRON
ftr-419	420	27	is	be	AUX
ftr-419	420	28	in	in	ADP
ftr-419	420	29	contrast	contrast	NOUN
ftr-419	420	30	to	to	ADP
ftr-419	420	31	the	the	DET
ftr-419	420	32	treatment	treatment	NOUN
ftr-419	420	33	congress	congress	PROPN
ftr-419	420	34	proscribed	proscribe	VERB
ftr-419	420	35	for	for	ADP
ftr-419	420	36	section	section	NOUN
ftr-419	420	37	707(a	707(a	NUM
ftr-419	420	38	)	)	PUNCT
ftr-419	420	39	transactions	transaction	NOUN
ftr-419	420	40	,	,	PUNCT
ftr-419	420	41	where	where	SCONJ
ftr-419	420	42	congress	congress	PROPN
ftr-419	420	43	treated	treat	VERB
ftr-419	420	44	them	they	PRON
ftr-419	420	45	as	as	ADP
ftr-419	420	46	having	having	AUX
ftr-419	420	47	been	be	AUX
ftr-419	420	48	made	make	VERB
ftr-419	420	49	between	between	ADP
ftr-419	420	50	an	an	DET
ftr-419	420	51	entity	entity	NOUN
ftr-419	420	52	and	and	CCONJ
ftr-419	420	53	a	a	DET
ftr-419	420	54	third	third	ADJ
ftr-419	420	55	person	person	NOUN
ftr-419	420	56	for	for	ADP
ftr-419	420	57	all	all	DET
ftr-419	420	58	purposes	purpose	NOUN
ftr-419	420	59	.	.	PUNCT
ftr-419	421	1	a	a	DET
ftr-419	421	2	rule	rule	NOUN
ftr-419	421	3	providing	provide	VERB
ftr-419	421	4	nonrecognition	nonrecognition	NOUN
ftr-419	421	5	of	of	ADP
ftr-419	421	6	gain	gain	NOUN
ftr-419	421	7	or	or	CCONJ
ftr-419	421	8	loss	loss	NOUN
ftr-419	421	9	for	for	ADP
ftr-419	421	10	the	the	DET
ftr-419	421	11	property	property	NOUN
ftr-419	421	12	used	use	VERB
ftr-419	421	13	by	by	ADP
ftr-419	421	14	the	the	DET
ftr-419	421	15	partnership	partnership	NOUN
ftr-419	421	16	to	to	PART
ftr-419	421	17	make	make	VERB
ftr-419	421	18	a	a	DET
ftr-419	421	19	guaranteed	guarantee	VERB
ftr-419	421	20	payment	payment	NOUN
ftr-419	421	21	to	to	ADP
ftr-419	421	22	a	a	DET
ftr-419	421	23	partner	partner	NOUN
ftr-419	421	24	is	be	AUX
ftr-419	421	25	better	well	ADV
ftr-419	421	26	attuned	attuned	ADJ
ftr-419	421	27	to	to	ADP
ftr-419	421	28	the	the	DET
ftr-419	421	29	congressional	congressional	ADJ
ftr-419	421	30	view	view	NOUN
ftr-419	421	31	of	of	ADP
ftr-419	421	32	those	those	DET
ftr-419	421	33	payments	payment	NOUN
ftr-419	421	34	.	.	PUNCT
ftr-419	422	1	once	once	ADV
ftr-419	422	2	a	a	DET
ftr-419	422	3	partner	partner	NOUN
ftr-419	422	4	has	have	AUX
ftr-419	422	5	received	receive	VERB
ftr-419	422	6	a	a	DET
ftr-419	422	7	guaranteed	guarantee	VERB
ftr-419	422	8	payment	payment	NOUN
ftr-419	422	9	in	in	ADP
ftr-419	422	10	kind	kind	NOUN
ftr-419	422	11	,	,	PUNCT
ftr-419	422	12	it	it	PRON
ftr-419	422	13	is	be	AUX
ftr-419	422	14	necessary	necessary	ADJ
ftr-419	422	15	to	to	PART
ftr-419	422	16	determine	determine	VERB
ftr-419	422	17	the	the	DET
ftr-419	422	18	basis	basis	NOUN
ftr-419	422	19	that	that	SCONJ
ftr-419	422	20	the	the	DET
ftr-419	422	21	partner	partner	NOUN
ftr-419	422	22	will	will	AUX
ftr-419	422	23	obtain	obtain	VERB
ftr-419	422	24	in	in	ADP
ftr-419	422	25	that	that	DET
ftr-419	422	26	property	property	NOUN
ftr-419	422	27	.	.	PUNCT
ftr-419	423	1	let	let	VERB
ftr-419	423	2	us	we	PRON
ftr-419	423	3	now	now	ADV
ftr-419	423	4	turn	turn	VERB
ftr-419	423	5	to	to	ADP
ftr-419	423	6	the	the	DET
ftr-419	423	7	basis	basis	NOUN
ftr-419	423	8	issue	issue	NOUN
ftr-419	423	9	.	.	PUNCT
ftr-419	424	1	65	65	NUM
ftr-419	424	2	.	.	X
ftr-419	425	1	for	for	ADP
ftr-419	425	2	example	example	NOUN
ftr-419	425	3	,	,	PUNCT
ftr-419	425	4	as	as	SCONJ
ftr-419	425	5	noted	note	VERB
ftr-419	425	6	above	above	ADV
ftr-419	425	7	,	,	PUNCT
ftr-419	425	8	a	a	DET
ftr-419	425	9	guaranteed	guarantee	VERB
ftr-419	425	10	payment	payment	NOUN
ftr-419	425	11	does	do	AUX
ftr-419	425	12	not	not	PART
ftr-419	425	13	reduce	reduce	VERB
ftr-419	425	14	a	a	DET
ftr-419	425	15	partner	partner	NOUN
ftr-419	425	16	's	's	PART
ftr-419	425	17	capital	capital	NOUN
ftr-419	425	18	account	account	NOUN
ftr-419	425	19	or	or	CCONJ
ftr-419	425	20	outside	outside	ADJ
ftr-419	425	21	basis	basis	NOUN
ftr-419	425	22	because	because	SCONJ
ftr-419	425	23	that	that	DET
ftr-419	425	24	reduction	reduction	NOUN
ftr-419	425	25	would	would	AUX
ftr-419	425	26	leave	leave	VERB
ftr-419	425	27	the	the	DET
ftr-419	425	28	partner	partner	NOUN
ftr-419	425	29	with	with	ADP
ftr-419	425	30	a	a	DET
ftr-419	425	31	capital	capital	NOUN
ftr-419	425	32	account	account	NOUN
ftr-419	425	33	that	that	PRON
ftr-419	425	34	is	be	AUX
ftr-419	425	35	less	less	ADJ
ftr-419	425	36	than	than	ADP
ftr-419	425	37	the	the	DET
ftr-419	425	38	value	value	NOUN
ftr-419	425	39	of	of	ADP
ftr-419	425	40	his	his	PRON
ftr-419	425	41	actual	actual	ADJ
ftr-419	425	42	interest	interest	NOUN
ftr-419	425	43	in	in	ADP
ftr-419	425	44	the	the	DET
ftr-419	425	45	partnership	partnership	NOUN
ftr-419	425	46	and	and	CCONJ
ftr-419	425	47	an	an	DET
ftr-419	425	48	outside	outside	ADJ
ftr-419	425	49	basis	basis	NOUN
ftr-419	425	50	that	that	PRON
ftr-419	425	51	is	be	AUX
ftr-419	425	52	less	less	ADJ
ftr-419	425	53	than	than	ADP
ftr-419	425	54	the	the	DET
ftr-419	425	55	amount	amount	NOUN
ftr-419	425	56	of	of	ADP
ftr-419	425	57	capital	capital	NOUN
ftr-419	425	58	that	that	PRON
ftr-419	425	59	the	the	DET
ftr-419	425	60	partner	partner	NOUN
ftr-419	425	61	still	still	ADV
ftr-419	425	62	has	have	AUX
ftr-419	425	63	invested	invest	VERB
ftr-419	425	64	in	in	ADP
ftr-419	425	65	his	his	PRON
ftr-419	425	66	partnership	partnership	NOUN
ftr-419	425	67	interest	interest	NOUN
ftr-419	425	68	.	.	PUNCT
ftr-419	426	1	20041	20041	NUM
ftr-419	426	2	florida	florida	PROPN
ftr-419	426	3	tax	tax	PROPN
ftr-419	426	4	review	review	PROPN
ftr-419	426	5	c.	c.	NOUN
ftr-419	426	6	basis	basis	NOUN
ftr-419	426	7	of	of	ADP
ftr-419	426	8	property	property	NOUN
ftr-419	426	9	received	receive	VERB
ftr-419	426	10	as	as	ADP
ftr-419	426	11	a	a	DET
ftr-419	426	12	guaranteed	guarantee	VERB
ftr-419	426	13	payment	payment	NOUN
ftr-419	426	14	.	.	PUNCT
ftr-419	427	1	the	the	DET
ftr-419	427	2	determination	determination	NOUN
ftr-419	427	3	of	of	ADP
ftr-419	427	4	basis	basis	NOUN
ftr-419	427	5	of	of	ADP
ftr-419	427	6	the	the	DET
ftr-419	427	7	property	property	NOUN
ftr-419	427	8	received	receive	VERB
ftr-419	427	9	is	be	AUX
ftr-419	427	10	important	important	ADJ
ftr-419	427	11	not	not	PART
ftr-419	427	12	only	only	ADV
ftr-419	427	13	for	for	ADP
ftr-419	427	14	its	its	PRON
ftr-419	427	15	own	own	ADJ
ftr-419	427	16	sake	sake	NOUN
ftr-419	427	17	,	,	PUNCT
ftr-419	427	18	but	but	CCONJ
ftr-419	427	19	also	also	ADV
ftr-419	427	20	because	because	SCONJ
ftr-419	427	21	that	that	DET
ftr-419	427	22	determination	determination	NOUN
ftr-419	427	23	could	could	AUX
ftr-419	427	24	influence	influence	VERB
ftr-419	427	25	the	the	DET
ftr-419	427	26	decision	decision	NOUN
ftr-419	427	27	whether	whether	SCONJ
ftr-419	427	28	the	the	DET
ftr-419	427	29	partnership	partnership	NOUN
ftr-419	427	30	should	should	AUX
ftr-419	427	31	recognize	recognize	VERB
ftr-419	427	32	a	a	DET
ftr-419	427	33	gain	gain	NOUN
ftr-419	427	34	or	or	CCONJ
ftr-419	427	35	loss	loss	NOUN
ftr-419	427	36	.	.	PUNCT
ftr-419	428	1	if	if	SCONJ
ftr-419	428	2	a	a	DET
ftr-419	428	3	section	section	NOUN
ftr-419	428	4	707(c	707(c	NOUN
ftr-419	428	5	)	)	PUNCT
ftr-419	428	6	guaranteed	guarantee	VERB
ftr-419	428	7	payment	payment	NOUN
ftr-419	428	8	in	in	ADP
ftr-419	428	9	kind	kind	NOUN
ftr-419	428	10	were	be	AUX
ftr-419	428	11	treated	treat	VERB
ftr-419	428	12	as	as	ADP
ftr-419	428	13	an	an	DET
ftr-419	428	14	entity	entity	NOUN
ftr-419	428	15	payment	payment	NOUN
ftr-419	428	16	to	to	ADP
ftr-419	428	17	a	a	DET
ftr-419	428	18	non	non	ADJ
ftr-419	428	19	-	-	NOUN
ftr-419	428	20	partner	partner	NOUN
ftr-419	428	21	for	for	ADP
ftr-419	428	22	the	the	DET
ftr-419	428	23	purpose	purpose	NOUN
ftr-419	428	24	of	of	ADP
ftr-419	428	25	requiring	require	VERB
ftr-419	428	26	the	the	DET
ftr-419	428	27	partnership	partnership	NOUN
ftr-419	428	28	to	to	PART
ftr-419	428	29	recognize	recognize	VERB
ftr-419	428	30	gain	gain	NOUN
ftr-419	428	31	or	or	CCONJ
ftr-419	428	32	loss	loss	NOUN
ftr-419	428	33	,	,	PUNCT
ftr-419	428	34	the	the	DET
ftr-419	428	35	basis	basis	NOUN
ftr-419	428	36	of	of	ADP
ftr-419	428	37	the	the	DET
ftr-419	428	38	property	property	NOUN
ftr-419	428	39	in	in	ADP
ftr-419	428	40	the	the	DET
ftr-419	428	41	hands	hand	NOUN
ftr-419	428	42	of	of	ADP
ftr-419	428	43	the	the	DET
ftr-419	428	44	partner	partner	NOUN
ftr-419	428	45	would	would	AUX
ftr-419	428	46	equal	equal	VERB
ftr-419	428	47	its	its	PRON
ftr-419	428	48	fair	fair	ADJ
ftr-419	428	49	market	market	NOUN
ftr-419	428	50	value	value	NOUN
ftr-419	428	51	.	.	PUNCT
ftr-419	429	1	the	the	DET
ftr-419	429	2	partner	partner	NOUN
ftr-419	429	3	's	's	PART
ftr-419	429	4	basis	basis	NOUN
ftr-419	429	5	would	would	AUX
ftr-419	429	6	be	be	AUX
ftr-419	429	7	determined	determine	VERB
ftr-419	429	8	in	in	ADP
ftr-419	429	9	the	the	DET
ftr-419	429	10	same	same	ADJ
ftr-419	429	11	manner	manner	NOUN
ftr-419	429	12	as	as	SCONJ
ftr-419	429	13	is	be	AUX
ftr-419	429	14	the	the	DET
ftr-419	429	15	basis	basis	NOUN
ftr-419	429	16	of	of	ADP
ftr-419	429	17	property	property	NOUN
ftr-419	429	18	in	in	ADP
ftr-419	429	19	the	the	DET
ftr-419	429	20	hands	hand	NOUN
ftr-419	429	21	of	of	ADP
ftr-419	429	22	an	an	DET
ftr-419	429	23	employee	employee	NOUN
ftr-419	429	24	who	who	PRON
ftr-419	429	25	received	receive	VERB
ftr-419	429	26	it	it	PRON
ftr-419	429	27	as	as	ADP
ftr-419	429	28	compensation	compensation	NOUN
ftr-419	429	29	from	from	ADP
ftr-419	429	30	his	his	PRON
ftr-419	429	31	employer.66	employer.66	NOUN
ftr-419	429	32	but	but	CCONJ
ftr-419	429	33	,	,	PUNCT
ftr-419	429	34	what	what	PRON
ftr-419	429	35	if	if	SCONJ
ftr-419	429	36	,	,	PUNCT
ftr-419	429	37	as	as	SCONJ
ftr-419	429	38	the	the	DET
ftr-419	429	39	authors	author	NOUN
ftr-419	429	40	contend	contend	VERB
ftr-419	429	41	,	,	PUNCT
ftr-419	429	42	the	the	DET
ftr-419	429	43	partnership	partnership	NOUN
ftr-419	429	44	does	do	AUX
ftr-419	429	45	not	not	PART
ftr-419	429	46	recognize	recognize	VERB
ftr-419	429	47	gain	gain	NOUN
ftr-419	429	48	or	or	CCONJ
ftr-419	429	49	loss	loss	NOUN
ftr-419	429	50	;	;	PUNCT
ftr-419	429	51	what	what	PRON
ftr-419	429	52	is	be	AUX
ftr-419	429	53	the	the	DET
ftr-419	429	54	partner	partner	NOUN
ftr-419	429	55	's	's	PART
ftr-419	429	56	basis	basis	NOUN
ftr-419	429	57	?	?	PUNCT
ftr-419	430	1	the	the	DET
ftr-419	430	2	authors	author	NOUN
ftr-419	430	3	conclude	conclude	VERB
ftr-419	430	4	that	that	SCONJ
ftr-419	430	5	the	the	DET
ftr-419	430	6	partner	partner	NOUN
ftr-419	430	7	nevertheless	nevertheless	ADV
ftr-419	430	8	acquires	acquire	VERB
ftr-419	430	9	a	a	DET
ftr-419	430	10	basis	basis	NOUN
ftr-419	430	11	in	in	ADP
ftr-419	430	12	the	the	DET
ftr-419	430	13	property	property	NOUN
ftr-419	430	14	equal	equal	ADJ
ftr-419	430	15	to	to	ADP
ftr-419	430	16	its	its	PRON
ftr-419	430	17	fair	fair	ADJ
ftr-419	430	18	market	market	NOUN
ftr-419	430	19	value	value	NOUN
ftr-419	430	20	.	.	PUNCT
ftr-419	431	1	to	to	PART
ftr-419	431	2	see	see	VERB
ftr-419	431	3	the	the	DET
ftr-419	431	4	consequences	consequence	NOUN
ftr-419	431	5	of	of	ADP
ftr-419	431	6	the	the	DET
ftr-419	431	7	several	several	ADJ
ftr-419	431	8	alternative	alternative	ADJ
ftr-419	431	9	choices	choice	NOUN
ftr-419	431	10	for	for	ADP
ftr-419	431	11	basis	basis	NOUN
ftr-419	431	12	,	,	PUNCT
ftr-419	431	13	let	let	VERB
ftr-419	431	14	us	we	PRON
ftr-419	431	15	once	once	ADV
ftr-419	431	16	again	again	ADV
ftr-419	431	17	examine	examine	VERB
ftr-419	431	18	the	the	DET
ftr-419	431	19	problem	problem	NOUN
ftr-419	431	20	from	from	ADP
ftr-419	431	21	the	the	DET
ftr-419	431	22	perspective	perspective	NOUN
ftr-419	431	23	provided	provide	VERB
ftr-419	431	24	by	by	ADP
ftr-419	431	25	a	a	DET
ftr-419	431	26	book	book	NOUN
ftr-419	431	27	/	/	SYM
ftr-419	431	28	tax	tax	NOUN
ftr-419	431	29	balance	balance	NOUN
ftr-419	431	30	sheet	sheet	NOUN
ftr-419	431	31	approach.67	approach.67	PROPN
ftr-419	431	32	p	p	PROPN
ftr-419	431	33	general	general	PROPN
ftr-419	431	34	partnership	partnership	NOUN
ftr-419	431	35	has	have	VERB
ftr-419	431	36	three	three	NUM
ftr-419	431	37	equal	equal	ADJ
ftr-419	431	38	partners	partner	NOUN
ftr-419	431	39	:	:	PUNCT
ftr-419	431	40	a	a	DET
ftr-419	431	41	,	,	PUNCT
ftr-419	431	42	b	b	NOUN
ftr-419	431	43	,	,	PUNCT
ftr-419	431	44	and	and	CCONJ
ftr-419	431	45	c.	c.	PROPN
ftr-419	431	46	a	a	PRON
ftr-419	431	47	is	be	AUX
ftr-419	431	48	a	a	DET
ftr-419	431	49	service	service	NOUN
ftr-419	431	50	partner	partner	NOUN
ftr-419	431	51	.	.	PUNCT
ftr-419	432	1	in	in	ADP
ftr-419	432	2	year	year	NOUN
ftr-419	432	3	one	one	NUM
ftr-419	432	4	,	,	PUNCT
ftr-419	432	5	before	before	ADP
ftr-419	432	6	taking	take	VERB
ftr-419	432	7	into	into	ADP
ftr-419	432	8	account	account	NOUN
ftr-419	432	9	the	the	DET
ftr-419	432	10	tax	tax	NOUN
ftr-419	432	11	consequences	consequence	NOUN
ftr-419	432	12	of	of	ADP
ftr-419	432	13	the	the	DET
ftr-419	432	14	guaranteed	guarantee	VERB
ftr-419	432	15	payment	payment	NOUN
ftr-419	432	16	that	that	PRON
ftr-419	432	17	p	p	PROPN
ftr-419	432	18	made	make	VERB
ftr-419	432	19	to	to	ADP
ftr-419	432	20	a	a	PRON
ftr-419	432	21	and	and	CCONJ
ftr-419	432	22	which	which	PRON
ftr-419	432	23	is	be	AUX
ftr-419	432	24	described	describe	VERB
ftr-419	432	25	below	below	ADV
ftr-419	432	26	,	,	PUNCT
ftr-419	432	27	p	p	PROPN
ftr-419	432	28	had	have	VERB
ftr-419	432	29	neither	neither	CCONJ
ftr-419	432	30	a	a	DET
ftr-419	432	31	net	net	ADJ
ftr-419	432	32	income	income	NOUN
ftr-419	432	33	nor	nor	CCONJ
ftr-419	432	34	a	a	DET
ftr-419	432	35	net	net	ADJ
ftr-419	432	36	loss	loss	NOUN
ftr-419	432	37	.	.	PUNCT
ftr-419	433	1	as	as	ADP
ftr-419	433	2	of	of	ADP
ftr-419	433	3	december	december	PROPN
ftr-419	433	4	31	31	NUM
ftr-419	433	5	,	,	PUNCT
ftr-419	433	6	year	year	NOUN
ftr-419	433	7	one	one	NUM
ftr-419	433	8	,	,	PUNCT
ftr-419	433	9	p	p	PROPN
ftr-419	433	10	had	have	VERB
ftr-419	433	11	$	$	SYM
ftr-419	433	12	35,000	35,000	NUM
ftr-419	433	13	cash	cash	NOUN
ftr-419	433	14	,	,	PUNCT
ftr-419	433	15	two	two	NUM
ftr-419	433	16	capital	capital	NOUN
ftr-419	433	17	assets	asset	NOUN
ftr-419	433	18	,	,	PUNCT
ftr-419	433	19	land	land	NOUN
ftr-419	433	20	1	1	NUM
ftr-419	433	21	and	and	CCONJ
ftr-419	433	22	land	land	NOUN
ftr-419	433	23	2	2	NUM
ftr-419	433	24	,	,	PUNCT
ftr-419	433	25	and	and	CCONJ
ftr-419	433	26	no	no	DET
ftr-419	433	27	liabilities	liability	NOUN
ftr-419	433	28	.	.	PUNCT
ftr-419	434	1	the	the	DET
ftr-419	434	2	book	book	NOUN
ftr-419	434	3	value	value	NOUN
ftr-419	434	4	of	of	ADP
ftr-419	434	5	each	each	PRON
ftr-419	434	6	of	of	ADP
ftr-419	434	7	p	p	X
ftr-419	434	8	's	's	PART
ftr-419	434	9	assets	asset	NOUN
ftr-419	434	10	equals	equal	VERB
ftr-419	434	11	its	its	PRON
ftr-419	434	12	fair	fair	ADJ
ftr-419	434	13	market	market	NOUN
ftr-419	434	14	value	value	NOUN
ftr-419	434	15	.	.	PUNCT
ftr-419	435	1	the	the	DET
ftr-419	435	2	book	book	NOUN
ftr-419	435	3	/	/	SYM
ftr-419	435	4	tax	tax	NOUN
ftr-419	435	5	balance	balance	NOUN
ftr-419	435	6	sheet	sheet	NOUN
ftr-419	435	7	for	for	ADP
ftr-419	435	8	p	p	NOUN
ftr-419	435	9	shows	show	VERB
ftr-419	435	10	the	the	DET
ftr-419	435	11	following	follow	VERB
ftr-419	435	12	:	:	PUNCT
ftr-419	435	13	assets	asset	NOUN
ftr-419	435	14	liabilities	liability	NOUN
ftr-419	435	15	and	and	CCONJ
ftr-419	435	16	partners	partner	NOUN
ftr-419	435	17	'	'	PART
ftr-419	435	18	capital	capital	NOUN
ftr-419	435	19	a.b	a.b	PROPN
ftr-419	435	20	.	.	PROPN
ftr-419	435	21	book	book	NOUN
ftr-419	435	22	liabilities	liability	NOUN
ftr-419	435	23	none	none	NOUN
ftr-419	435	24	cash	cash	VERB
ftr-419	435	25	$	$	SYM
ftr-419	435	26	35,000	35,000	NUM
ftr-419	435	27	$	$	SYM
ftr-419	435	28	35,000	35,000	NUM
ftr-419	435	29	partners	partner	NOUN
ftr-419	435	30	'	'	PART
ftr-419	435	31	capital	capital	NOUN
ftr-419	435	32	land	land	NOUN
ftr-419	435	33	1	1	NUM
ftr-419	435	34	$	$	SYM
ftr-419	435	35	10,000	10,000	NUM
ftr-419	435	36	$	$	SYM
ftr-419	435	37	25,000	25,000	NUM
ftr-419	435	38	a.b	a.b	PROPN
ftr-419	435	39	.	.	PROPN
ftr-419	435	40	book	book	NOUN
ftr-419	435	41	land	land	NOUN
ftr-419	435	42	2	2	NUM
ftr-419	435	43	$	$	SYM
ftr-419	435	44	15,000	15,000	NUM
ftr-419	435	45	$	$	SYM
ftr-419	435	46	30,000	30,000	NUM
ftr-419	435	47	a	a	DET
ftr-419	435	48	$	$	SYM
ftr-419	435	49	20,000	20,000	NUM
ftr-419	435	50	$	$	SYM
ftr-419	435	51	30,000	30,000	NUM
ftr-419	435	52	total	total	ADJ
ftr-419	435	53	$	$	SYM
ftr-419	435	54	60,000	60,000	NUM
ftr-419	435	55	$	$	SYM
ftr-419	435	56	90,000	90,000	NUM
ftr-419	435	57	b	b	NOUN
ftr-419	435	58	$	$	SYM
ftr-419	435	59	20,000	20,000	NUM
ftr-419	435	60	$	$	SYM
ftr-419	435	61	30,000	30,000	NUM
ftr-419	435	62	c	c	NOUN
ftr-419	435	63	$	$	SYM
ftr-419	435	64	20,000	20,000	NUM
ftr-419	435	65	$	$	SYM
ftr-419	435	66	30,000	30,000	NUM
ftr-419	435	67	total	total	ADJ
ftr-419	435	68	$	$	SYM
ftr-419	435	69	60,000	60,000	NUM
ftr-419	435	70	$	$	SYM
ftr-419	435	71	90,000	90,000	NUM
ftr-419	435	72	note	note	NOUN
ftr-419	435	73	that	that	SCONJ
ftr-419	435	74	the	the	DET
ftr-419	435	75	book	book	NOUN
ftr-419	435	76	value	value	NOUN
ftr-419	435	77	of	of	ADP
ftr-419	435	78	the	the	DET
ftr-419	435	79	capital	capital	NOUN
ftr-419	435	80	account	account	NOUN
ftr-419	435	81	for	for	ADP
ftr-419	435	82	each	each	DET
ftr-419	435	83	partner	partner	NOUN
ftr-419	435	84	equals	equal	VERB
ftr-419	435	85	that	that	DET
ftr-419	435	86	partner	partner	NOUN
ftr-419	435	87	's	's	PART
ftr-419	435	88	share	share	NOUN
ftr-419	435	89	of	of	ADP
ftr-419	435	90	the	the	DET
ftr-419	435	91	book	book	NOUN
ftr-419	435	92	value	value	NOUN
ftr-419	435	93	of	of	ADP
ftr-419	435	94	the	the	DET
ftr-419	435	95	partnership	partnership	NOUN
ftr-419	435	96	.	.	PUNCT
ftr-419	436	1	thus	thus	ADV
ftr-419	436	2	,	,	PUNCT
ftr-419	436	3	the	the	DET
ftr-419	436	4	appreciation	appreciation	NOUN
ftr-419	436	5	in	in	ADP
ftr-419	436	6	land	land	NOUN
ftr-419	436	7	1	1	NUM
ftr-419	436	8	and	and	CCONJ
ftr-419	436	9	land	land	NOUN
ftr-419	436	10	2	2	NUM
ftr-419	436	11	that	that	PRON
ftr-419	436	12	is	be	AUX
ftr-419	436	13	reflected	reflect	VERB
ftr-419	436	14	in	in	ADP
ftr-419	436	15	the	the	DET
ftr-419	436	16	asset	asset	NOUN
ftr-419	436	17	side	side	NOUN
ftr-419	436	18	of	of	ADP
ftr-419	436	19	the	the	DET
ftr-419	436	20	balance	balance	NOUN
ftr-419	436	21	sheet	sheet	NOUN
ftr-419	436	22	has	have	AUX
ftr-419	436	23	already	already	ADV
ftr-419	436	24	been	be	AUX
ftr-419	436	25	included	include	VERB
ftr-419	436	26	in	in	ADP
ftr-419	436	27	the	the	DET
ftr-419	436	28	partners	partner	NOUN
ftr-419	436	29	'	'	PART
ftr-419	436	30	capital	capital	NOUN
ftr-419	436	31	accounts.68	accounts.68	NOUN
ftr-419	436	32	consequently	consequently	ADV
ftr-419	436	33	,	,	PUNCT
ftr-419	436	34	a	a	DET
ftr-419	436	35	gain	gain	NOUN
ftr-419	436	36	66	66	NUM
ftr-419	436	37	.	.	PUNCT
ftr-419	437	1	see	see	VERB
ftr-419	437	2	supra	supra	ADJ
ftr-419	437	3	text	text	NOUN
ftr-419	437	4	accompanying	accompanying	ADJ
ftr-419	437	5	note	note	NOUN
ftr-419	437	6	40	40	NUM
ftr-419	437	7	.	.	NOUN
ftr-419	437	8	67	67	NUM
ftr-419	437	9	.	.	PUNCT
ftr-419	438	1	see	see	VERB
ftr-419	438	2	supra	supra	PROPN
ftr-419	438	3	note	note	PROPN
ftr-419	438	4	54	54	NUM
ftr-419	438	5	.	.	PUNCT
ftr-419	439	1	68	68	NUM
ftr-419	439	2	.	.	PUNCT
ftr-419	440	1	under	under	ADP
ftr-419	440	2	certain	certain	ADJ
ftr-419	440	3	specified	specified	ADJ
ftr-419	440	4	circumstances	circumstance	NOUN
ftr-419	440	5	,	,	PUNCT
ftr-419	440	6	the	the	DET
ftr-419	440	7	book	book	NOUN
ftr-419	440	8	value	value	NOUN
ftr-419	440	9	of	of	ADP
ftr-419	440	10	partnership	partnership	NOUN
ftr-419	440	11	assets	asset	NOUN
ftr-419	440	12	and	and	CCONJ
ftr-419	440	13	of	of	ADP
ftr-419	440	14	the	the	DET
ftr-419	440	15	partners	partner	NOUN
ftr-419	440	16	'	'	PART
ftr-419	440	17	capital	capital	NOUN
ftr-419	440	18	accounts	account	NOUN
ftr-419	440	19	can	can	AUX
ftr-419	440	20	be	be	AUX
ftr-419	440	21	written	write	VERB
ftr-419	440	22	up	up	ADP
ftr-419	440	23	or	or	CCONJ
ftr-419	440	24	down	down	ADV
ftr-419	440	25	to	to	PART
ftr-419	440	26	reflect	reflect	VERB
ftr-419	440	27	a	a	DET
ftr-419	440	28	revaluation	revaluation	NOUN
ftr-419	440	29	of	of	ADP
ftr-419	440	30	the	the	DET
ftr-419	440	31	partnership	partnership	NOUN
ftr-419	440	32	's	's	PART
ftr-419	440	33	assets	asset	NOUN
ftr-419	440	34	.	.	PUNCT
ftr-419	441	1	regs	regs	PROPN
ftr-419	441	2	.	.	PUNCT
ftr-419	442	1	§	§	PROPN
ftr-419	442	2	1.704	1.704	NUM
ftr-419	442	3	-	-	NUM
ftr-419	442	4	1(b)(2)(iv)(f	1(b)(2)(iv)(f	NUM
ftr-419	442	5	)	)	PUNCT
ftr-419	442	6	.	.	PUNCT
ftr-419	443	1	[	[	X
ftr-419	443	2	voi.6:5	voi.6:5	NOUN
ftr-419	443	3	guaranteed	guarantee	VERB
ftr-419	443	4	payments	payment	NOUN
ftr-419	443	5	made	make	VERB
ftr-419	443	6	in	in	ADP
ftr-419	443	7	kind	kind	NOUN
ftr-419	443	8	by	by	ADP
ftr-419	443	9	a	a	DET
ftr-419	443	10	partnership	partnership	NOUN
ftr-419	443	11	recognized	recognize	VERB
ftr-419	443	12	by	by	ADP
ftr-419	443	13	p	p	NOUN
ftr-419	443	14	on	on	ADP
ftr-419	443	15	the	the	DET
ftr-419	443	16	disposition	disposition	NOUN
ftr-419	443	17	of	of	ADP
ftr-419	443	18	either	either	PRON
ftr-419	443	19	of	of	ADP
ftr-419	443	20	those	those	DET
ftr-419	443	21	assets	asset	NOUN
ftr-419	443	22	will	will	AUX
ftr-419	443	23	not	not	PART
ftr-419	443	24	cause	cause	VERB
ftr-419	443	25	an	an	DET
ftr-419	443	26	increase	increase	NOUN
ftr-419	443	27	in	in	ADP
ftr-419	443	28	the	the	DET
ftr-419	443	29	partners	partner	NOUN
ftr-419	443	30	'	'	PART
ftr-419	443	31	capital	capital	NOUN
ftr-419	443	32	account	account	NOUN
ftr-419	443	33	if	if	SCONJ
ftr-419	443	34	the	the	DET
ftr-419	443	35	gain	gain	NOUN
ftr-419	443	36	does	do	AUX
ftr-419	443	37	not	not	PART
ftr-419	443	38	exceed	exceed	VERB
ftr-419	443	39	the	the	DET
ftr-419	443	40	appreciation	appreciation	NOUN
ftr-419	443	41	already	already	ADV
ftr-419	443	42	reflected	reflect	VERB
ftr-419	443	43	in	in	ADP
ftr-419	443	44	those	those	DET
ftr-419	443	45	accounts.on	accounts.on	X
ftr-419	443	46	december	december	PROPN
ftr-419	443	47	31	31	NUM
ftr-419	443	48	,	,	PUNCT
ftr-419	443	49	year	year	NOUN
ftr-419	443	50	one	one	NUM
ftr-419	443	51	,	,	PUNCT
ftr-419	443	52	p	p	NOUN
ftr-419	443	53	gave	give	VERB
ftr-419	443	54	land	land	NOUN
ftr-419	443	55	2	2	NUM
ftr-419	443	56	to	to	ADP
ftr-419	443	57	a	a	PRON
ftr-419	443	58	as	as	ADP
ftr-419	443	59	a	a	DET
ftr-419	443	60	guaranteed	guarantee	VERB
ftr-419	443	61	payment	payment	NOUN
ftr-419	443	62	which	which	PRON
ftr-419	443	63	qualified	qualify	VERB
ftr-419	443	64	for	for	ADP
ftr-419	443	65	a	a	DET
ftr-419	443	66	deduction	deduction	NOUN
ftr-419	443	67	for	for	ADP
ftr-419	443	68	p	p	NOUN
ftr-419	443	69	under	under	ADP
ftr-419	443	70	section	section	NOUN
ftr-419	443	71	162	162	NUM
ftr-419	443	72	.	.	PUNCT
ftr-419	444	1	a	a	DET
ftr-419	444	2	recognized	recognize	VERB
ftr-419	444	3	$	$	SYM
ftr-419	444	4	30,000	30,000	NUM
ftr-419	444	5	ordinary	ordinary	ADJ
ftr-419	444	6	income	income	NOUN
ftr-419	444	7	,	,	PUNCT
ftr-419	444	8	and	and	CCONJ
ftr-419	444	9	p	p	NOUN
ftr-419	444	10	was	be	AUX
ftr-419	444	11	allowed	allow	VERB
ftr-419	444	12	a	a	DET
ftr-419	444	13	deduction	deduction	NOUN
ftr-419	444	14	of	of	ADP
ftr-419	444	15	$	$	SYM
ftr-419	444	16	30,000	30,000	NUM
ftr-419	444	17	.	.	PUNCT
ftr-419	445	1	the	the	DET
ftr-419	445	2	payment	payment	NOUN
ftr-419	445	3	to	to	ADP
ftr-419	445	4	a	a	PRON
ftr-419	445	5	did	do	AUX
ftr-419	445	6	not	not	PART
ftr-419	445	7	reduce	reduce	VERB
ftr-419	445	8	his	his	PRON
ftr-419	445	9	capital	capital	NOUN
ftr-419	445	10	account	account	NOUN
ftr-419	445	11	except	except	SCONJ
ftr-419	445	12	for	for	ADP
ftr-419	445	13	his	his	PRON
ftr-419	445	14	$	$	SYM
ftr-419	445	15	10,000	10,000	NUM
ftr-419	445	16	share	share	NOUN
ftr-419	445	17	of	of	ADP
ftr-419	445	18	the	the	DET
ftr-419	445	19	$	$	SYM
ftr-419	445	20	30,000	30,000	NUM
ftr-419	445	21	deduction	deduction	NOUN
ftr-419	445	22	that	that	PRON
ftr-419	445	23	p	p	PROPN
ftr-419	445	24	obtained	obtain	VERB
ftr-419	445	25	.	.	PUNCT
ftr-419	446	1	for	for	ADP
ftr-419	446	2	reasons	reason	NOUN
ftr-419	446	3	explained	explain	VERB
ftr-419	446	4	in	in	ADP
ftr-419	446	5	part	part	PROPN
ftr-419	446	6	va	va	NOUN
ftr-419	446	7	of	of	ADP
ftr-419	446	8	this	this	DET
ftr-419	446	9	article	article	NOUN
ftr-419	446	10	,	,	PUNCT
ftr-419	446	11	the	the	DET
ftr-419	446	12	transaction	transaction	NOUN
ftr-419	446	13	did	do	AUX
ftr-419	446	14	not	not	PART
ftr-419	446	15	reduce	reduce	VERB
ftr-419	446	16	a	a	DET
ftr-419	446	17	's	's	PART
ftr-419	446	18	outside	outside	ADJ
ftr-419	446	19	basis	basis	NOUN
ftr-419	446	20	in	in	ADP
ftr-419	446	21	his	his	PRON
ftr-419	446	22	partnership	partnership	NOUN
ftr-419	446	23	interest	interest	NOUN
ftr-419	446	24	except	except	SCONJ
ftr-419	446	25	for	for	ADP
ftr-419	446	26	the	the	DET
ftr-419	446	27	$	$	SYM
ftr-419	446	28	10,000	10,000	NUM
ftr-419	446	29	reduction	reduction	NOUN
ftr-419	446	30	caused	cause	VERB
ftr-419	446	31	by	by	ADP
ftr-419	446	32	a	a	DET
ftr-419	446	33	's	's	PART
ftr-419	446	34	share	share	NOUN
ftr-419	446	35	of	of	ADP
ftr-419	446	36	the	the	DET
ftr-419	446	37	deduction	deduction	NOUN
ftr-419	446	38	allowed	allow	VERB
ftr-419	446	39	to	to	PART
ftr-419	446	40	p.	p.	NOUN
ftr-419	446	41	let	let	VERB
ftr-419	446	42	us	we	PRON
ftr-419	446	43	consider	consider	VERB
ftr-419	446	44	what	what	DET
ftr-419	446	45	basis	basis	NOUN
ftr-419	446	46	a	a	PRON
ftr-419	446	47	obtained	obtain	VERB
ftr-419	446	48	in	in	ADP
ftr-419	446	49	land	land	NOUN
ftr-419	446	50	2	2	NUM
ftr-419	446	51	if	if	SCONJ
ftr-419	446	52	,	,	PUNCT
ftr-419	446	53	as	as	SCONJ
ftr-419	446	54	the	the	DET
ftr-419	446	55	authors	author	NOUN
ftr-419	446	56	contend	contend	VERB
ftr-419	446	57	,	,	PUNCT
ftr-419	446	58	p	p	PROPN
ftr-419	446	59	did	do	AUX
ftr-419	446	60	not	not	PART
ftr-419	446	61	recognize	recognize	VERB
ftr-419	446	62	a	a	DET
ftr-419	446	63	gain	gain	NOUN
ftr-419	446	64	on	on	ADP
ftr-419	446	65	making	make	VERB
ftr-419	446	66	the	the	DET
ftr-419	446	67	payment	payment	NOUN
ftr-419	446	68	to	to	PART
ftr-419	446	69	a.	a.	VERB
ftr-419	446	70	the	the	DET
ftr-419	446	71	limiting	limit	VERB
ftr-419	446	72	language	language	NOUN
ftr-419	446	73	of	of	ADP
ftr-419	446	74	section	section	NOUN
ftr-419	446	75	707(c	707(c	PROPN
ftr-419	446	76	)	)	PUNCT
ftr-419	446	77	suggests	suggest	VERB
ftr-419	446	78	that	that	SCONJ
ftr-419	446	79	a	a	DET
ftr-419	446	80	guaranteed	guarantee	VERB
ftr-419	446	81	payment	payment	NOUN
ftr-419	446	82	should	should	AUX
ftr-419	446	83	be	be	AUX
ftr-419	446	84	treated	treat	VERB
ftr-419	446	85	as	as	ADP
ftr-419	446	86	a	a	DET
ftr-419	446	87	partnership	partnership	NOUN
ftr-419	446	88	distribution	distribution	NOUN
ftr-419	446	89	for	for	ADP
ftr-419	446	90	purposes	purpose	NOUN
ftr-419	446	91	of	of	ADP
ftr-419	446	92	applying	apply	VERB
ftr-419	446	93	statutes	statute	NOUN
ftr-419	446	94	other	other	ADJ
ftr-419	446	95	then	then	ADV
ftr-419	446	96	the	the	DET
ftr-419	446	97	three	three	NUM
ftr-419	446	98	listed	list	VERB
ftr-419	446	99	in	in	ADP
ftr-419	446	100	that	that	DET
ftr-419	446	101	subsection	subsection	NOUN
ftr-419	446	102	.	.	PUNCT
ftr-419	447	1	however	however	ADV
ftr-419	447	2	,	,	PUNCT
ftr-419	447	3	as	as	SCONJ
ftr-419	447	4	we	we	PRON
ftr-419	447	5	showed	show	VERB
ftr-419	447	6	in	in	ADP
ftr-419	447	7	part	part	NOUN
ftr-419	447	8	v.a	v.a	PROPN
ftr-419	447	9	.	.	PROPN
ftr-419	447	10	,	,	PUNCT
ftr-419	447	11	despite	despite	SCONJ
ftr-419	447	12	the	the	DET
ftr-419	447	13	language	language	NOUN
ftr-419	447	14	of	of	ADP
ftr-419	447	15	the	the	DET
ftr-419	447	16	statute	statute	NOUN
ftr-419	447	17	,	,	PUNCT
ftr-419	447	18	a	a	DET
ftr-419	447	19	guaranteed	guarantee	VERB
ftr-419	447	20	payment	payment	NOUN
ftr-419	447	21	will	will	AUX
ftr-419	447	22	not	not	PART
ftr-419	447	23	be	be	AUX
ftr-419	447	24	treated	treat	VERB
ftr-419	447	25	as	as	ADP
ftr-419	447	26	a	a	DET
ftr-419	447	27	partnership	partnership	NOUN
ftr-419	447	28	distribution	distribution	NOUN
ftr-419	447	29	in	in	ADP
ftr-419	447	30	circumstances	circumstance	NOUN
ftr-419	447	31	where	where	SCONJ
ftr-419	447	32	that	that	DET
ftr-419	447	33	treatment	treatment	NOUN
ftr-419	447	34	would	would	AUX
ftr-419	447	35	contravene	contravene	VERB
ftr-419	447	36	a	a	DET
ftr-419	447	37	fundamental	fundamental	ADJ
ftr-419	447	38	tax	tax	NOUN
ftr-419	447	39	principle	principle	NOUN
ftr-419	447	40	.	.	PUNCT
ftr-419	448	1	no	no	DET
ftr-419	448	2	tax	tax	NOUN
ftr-419	448	3	principle	principle	NOUN
ftr-419	448	4	could	could	AUX
ftr-419	448	5	be	be	AUX
ftr-419	448	6	of	of	ADP
ftr-419	448	7	greater	great	ADJ
ftr-419	448	8	importance	importance	NOUN
ftr-419	448	9	or	or	CCONJ
ftr-419	448	10	more	more	ADV
ftr-419	448	11	fundamental	fundamental	ADJ
ftr-419	448	12	than	than	ADP
ftr-419	448	13	the	the	DET
ftr-419	448	14	principle	principle	NOUN
ftr-419	448	15	that	that	SCONJ
ftr-419	448	16	gain	gain	NOUN
ftr-419	448	17	should	should	AUX
ftr-419	448	18	be	be	AUX
ftr-419	448	19	measured	measure	VERB
ftr-419	448	20	accurately	accurately	ADV
ftr-419	448	21	.	.	PUNCT
ftr-419	449	1	as	as	SCONJ
ftr-419	449	2	shown	show	VERB
ftr-419	449	3	below	below	ADP
ftr-419	449	4	,	,	PUNCT
ftr-419	449	5	if	if	SCONJ
ftr-419	449	6	the	the	DET
ftr-419	449	7	limiting	limit	VERB
ftr-419	449	8	language	language	NOUN
ftr-419	449	9	of	of	ADP
ftr-419	449	10	section	section	NOUN
ftr-419	449	11	707(c	707(c	PROPN
ftr-419	449	12	)	)	PUNCT
ftr-419	449	13	were	be	AUX
ftr-419	449	14	applied	apply	VERB
ftr-419	449	15	to	to	ADP
ftr-419	449	16	the	the	DET
ftr-419	449	17	determination	determination	NOUN
ftr-419	449	18	of	of	ADP
ftr-419	449	19	a	a	DET
ftr-419	449	20	service	service	NOUN
ftr-419	449	21	partner	partner	NOUN
ftr-419	449	22	's	's	PART
ftr-419	449	23	basis	basis	NOUN
ftr-419	449	24	in	in	ADP
ftr-419	449	25	property	property	NOUN
ftr-419	449	26	received	receive	VERB
ftr-419	449	27	as	as	ADP
ftr-419	449	28	a	a	DET
ftr-419	449	29	guaranteed	guarantee	VERB
ftr-419	449	30	payment	payment	NOUN
ftr-419	449	31	,	,	PUNCT
ftr-419	449	32	that	that	PRON
ftr-419	449	33	would	would	AUX
ftr-419	449	34	greatly	greatly	ADV
ftr-419	449	35	exaggerate	exaggerate	VERB
ftr-419	449	36	the	the	DET
ftr-419	449	37	amount	amount	NOUN
ftr-419	449	38	of	of	ADP
ftr-419	449	39	gain	gain	NOUN
ftr-419	449	40	that	that	SCONJ
ftr-419	449	41	the	the	DET
ftr-419	449	42	service	service	NOUN
ftr-419	449	43	partner	partner	NOUN
ftr-419	449	44	ultimately	ultimately	ADV
ftr-419	449	45	will	will	AUX
ftr-419	449	46	recognize	recognize	VERB
ftr-419	449	47	.	.	PUNCT
ftr-419	450	1	consequently	consequently	ADV
ftr-419	450	2	,	,	PUNCT
ftr-419	450	3	in	in	ADP
ftr-419	450	4	the	the	DET
ftr-419	450	5	interest	interest	NOUN
ftr-419	450	6	of	of	ADP
ftr-419	450	7	measuring	measure	VERB
ftr-419	450	8	correctly	correctly	ADV
ftr-419	450	9	the	the	DET
ftr-419	450	10	amount	amount	NOUN
ftr-419	450	11	of	of	ADP
ftr-419	450	12	a	a	DET
ftr-419	450	13	taxpayer	taxpayer	NOUN
ftr-419	450	14	's	's	PART
ftr-419	450	15	gain	gain	NOUN
ftr-419	450	16	,	,	PUNCT
ftr-419	450	17	the	the	DET
ftr-419	450	18	limiting	limit	VERB
ftr-419	450	19	language	language	NOUN
ftr-419	450	20	of	of	ADP
ftr-419	450	21	section	section	NOUN
ftr-419	450	22	707(c	707(c	PROPN
ftr-419	450	23	)	)	PUNCT
ftr-419	450	24	should	should	AUX
ftr-419	450	25	not	not	PART
ftr-419	450	26	be	be	AUX
ftr-419	450	27	controlling	control	VERB
ftr-419	450	28	.	.	PUNCT
ftr-419	451	1	as	as	SCONJ
ftr-419	451	2	noted	note	VERB
ftr-419	451	3	in	in	ADP
ftr-419	451	4	part	part	NOUN
ftr-419	451	5	iv	iv	ADP
ftr-419	451	6	of	of	ADP
ftr-419	451	7	this	this	DET
ftr-419	451	8	article	article	NOUN
ftr-419	451	9	,	,	PUNCT
ftr-419	451	10	the	the	DET
ftr-419	451	11	general	general	ADJ
ftr-419	451	12	rule	rule	NOUN
ftr-419	451	13	is	be	AUX
ftr-419	451	14	that	that	SCONJ
ftr-419	451	15	when	when	SCONJ
ftr-419	451	16	an	an	DET
ftr-419	451	17	operating	operating	NOUN
ftr-419	451	18	partnership	partnership	NOUN
ftr-419	451	19	distribution	distribution	NOUN
ftr-419	451	20	is	be	AUX
ftr-419	451	21	made	make	VERB
ftr-419	451	22	in	in	ADP
ftr-419	451	23	kind	kind	NOUN
ftr-419	451	24	,	,	PUNCT
ftr-419	451	25	an	an	DET
ftr-419	451	26	amount	amount	NOUN
ftr-419	451	27	of	of	ADP
ftr-419	451	28	the	the	DET
ftr-419	451	29	partner	partner	NOUN
ftr-419	451	30	's	's	PART
ftr-419	451	31	outside	outside	ADJ
ftr-419	451	32	basis	basis	NOUN
ftr-419	451	33	in	in	ADP
ftr-419	451	34	his	his	PRON
ftr-419	451	35	partnership	partnership	NOUN
ftr-419	451	36	interest	interest	NOUN
ftr-419	451	37	equal	equal	ADJ
ftr-419	451	38	to	to	ADP
ftr-419	451	39	the	the	DET
ftr-419	451	40	basis	basis	NOUN
ftr-419	451	41	that	that	SCONJ
ftr-419	451	42	the	the	DET
ftr-419	451	43	partnership	partnership	NOUN
ftr-419	451	44	had	have	AUX
ftr-419	451	45	in	in	ADP
ftr-419	451	46	that	that	DET
ftr-419	451	47	property	property	NOUN
ftr-419	451	48	immediately	immediately	ADV
ftr-419	451	49	before	before	SCONJ
ftr-419	451	50	the	the	DET
ftr-419	451	51	distribution	distribution	NOUN
ftr-419	451	52	is	be	AUX
ftr-419	451	53	shifted	shift	VERB
ftr-419	451	54	to	to	ADP
ftr-419	451	55	the	the	DET
ftr-419	451	56	property	property	NOUN
ftr-419	451	57	that	that	PRON
ftr-419	451	58	the	the	DET
ftr-419	451	59	partner	partner	NOUN
ftr-419	451	60	received.69	received.69	NOUN
ftr-419	451	61	since	since	SCONJ
ftr-419	451	62	,	,	PUNCT
ftr-419	451	63	as	as	SCONJ
ftr-419	451	64	we	we	PRON
ftr-419	451	65	demonstrated	demonstrate	VERB
ftr-419	451	66	in	in	ADP
ftr-419	451	67	part	part	NOUN
ftr-419	451	68	v.a	v.a	PROPN
ftr-419	451	69	.	.	PROPN
ftr-419	451	70	of	of	ADP
ftr-419	451	71	this	this	DET
ftr-419	451	72	article	article	NOUN
ftr-419	451	73	,	,	PUNCT
ftr-419	451	74	a	a	DET
ftr-419	451	75	guaranteed	guarantee	VERB
ftr-419	451	76	payment	payment	NOUN
ftr-419	451	77	will	will	AUX
ftr-419	451	78	not	not	PART
ftr-419	451	79	change	change	VERB
ftr-419	451	80	a	a	DET
ftr-419	451	81	partner	partner	NOUN
ftr-419	451	82	's	's	PART
ftr-419	451	83	outside	outside	ADJ
ftr-419	451	84	basis	basis	NOUN
ftr-419	451	85	(	(	PUNCT
ftr-419	451	86	other	other	ADJ
ftr-419	451	87	than	than	ADP
ftr-419	451	88	a	a	DET
ftr-419	451	89	reduction	reduction	NOUN
ftr-419	451	90	for	for	ADP
ftr-419	451	91	the	the	DET
ftr-419	451	92	partner	partner	NOUN
ftr-419	451	93	's	's	PART
ftr-419	451	94	share	share	NOUN
ftr-419	451	95	of	of	ADP
ftr-419	451	96	the	the	DET
ftr-419	451	97	partnership	partnership	NOUN
ftr-419	451	98	's	's	PART
ftr-419	451	99	deduction	deduction	NOUN
ftr-419	451	100	for	for	ADP
ftr-419	451	101	making	make	VERB
ftr-419	451	102	the	the	DET
ftr-419	451	103	payment	payment	NOUN
ftr-419	451	104	)	)	PUNCT
ftr-419	451	105	,	,	PUNCT
ftr-419	451	106	that	that	DET
ftr-419	451	107	approach	approach	NOUN
ftr-419	451	108	is	be	AUX
ftr-419	451	109	not	not	PART
ftr-419	451	110	available	available	ADJ
ftr-419	451	111	for	for	ADP
ftr-419	451	112	property	property	NOUN
ftr-419	451	113	received	receive	VERB
ftr-419	451	114	as	as	ADP
ftr-419	451	115	a	a	DET
ftr-419	451	116	guaranteed	guarantee	VERB
ftr-419	451	117	payment	payment	NOUN
ftr-419	451	118	.	.	PUNCT
ftr-419	452	1	how	how	SCONJ
ftr-419	452	2	then	then	ADV
ftr-419	452	3	should	should	AUX
ftr-419	452	4	the	the	DET
ftr-419	452	5	partner	partner	NOUN
ftr-419	452	6	's	's	PART
ftr-419	452	7	basis	basis	NOUN
ftr-419	452	8	in	in	ADP
ftr-419	452	9	such	such	ADJ
ftr-419	452	10	property	property	NOUN
ftr-419	452	11	be	be	AUX
ftr-419	452	12	determined	determine	VERB
ftr-419	452	13	?	?	PUNCT
ftr-419	453	1	there	there	PRON
ftr-419	453	2	are	be	VERB
ftr-419	453	3	two	two	NUM
ftr-419	453	4	principal	principal	NOUN
ftr-419	453	5	choices:7	choices:7	NOUN
ftr-419	453	6	°	°	NUM
ftr-419	453	7	either	either	CCONJ
ftr-419	453	8	the	the	DET
ftr-419	453	9	partner	partner	NOUN
ftr-419	453	10	's	's	PART
ftr-419	453	11	basis	basis	NOUN
ftr-419	453	12	should	should	AUX
ftr-419	453	13	69	69	NUM
ftr-419	453	14	.	.	PUNCT
ftr-419	454	1	see	see	VERB
ftr-419	454	2	supra	supra	ADJ
ftr-419	454	3	text	text	NOUN
ftr-419	454	4	accompanying	accompanying	ADJ
ftr-419	454	5	notes	note	NOUN
ftr-419	454	6	23	23	NUM
ftr-419	454	7	-	-	SYM
ftr-419	454	8	26	26	NUM
ftr-419	454	9	.	.	PUNCT
ftr-419	455	1	70	70	NUM
ftr-419	455	2	.	.	PUNCT
ftr-419	456	1	a	a	DET
ftr-419	456	2	third	third	ADJ
ftr-419	456	3	possibility	possibility	NOUN
ftr-419	456	4	would	would	AUX
ftr-419	456	5	give	give	VERB
ftr-419	456	6	the	the	DET
ftr-419	456	7	partner	partner	NOUN
ftr-419	456	8	a	a	DET
ftr-419	456	9	zero	zero	NUM
ftr-419	456	10	basis	basis	NOUN
ftr-419	456	11	in	in	ADP
ftr-419	456	12	the	the	DET
ftr-419	456	13	property	property	NOUN
ftr-419	456	14	;	;	PUNCT
ftr-419	456	15	but	but	CCONJ
ftr-419	456	16	there	there	PRON
ftr-419	456	17	is	be	VERB
ftr-419	456	18	no	no	DET
ftr-419	456	19	justification	justification	NOUN
ftr-419	456	20	for	for	ADP
ftr-419	456	21	that	that	DET
ftr-419	456	22	position	position	NOUN
ftr-419	456	23	.	.	PUNCT
ftr-419	457	1	a	a	DET
ftr-419	457	2	zero	zero	NUM
ftr-419	457	3	basis	basis	NOUN
ftr-419	457	4	would	would	AUX
ftr-419	457	5	leave	leave	VERB
ftr-419	457	6	the	the	DET
ftr-419	457	7	partner	partner	NOUN
ftr-419	457	8	with	with	ADP
ftr-419	457	9	a	a	DET
ftr-419	457	10	built	build	VERB
ftr-419	457	11	-	-	PUNCT
ftr-419	457	12	in	in	ADP
ftr-419	457	13	gain	gain	NOUN
ftr-419	457	14	for	for	ADP
ftr-419	457	15	the	the	DET
ftr-419	457	16	property	property	NOUN
ftr-419	457	17	equal	equal	ADJ
ftr-419	457	18	to	to	ADP
ftr-419	457	19	its	its	PRON
ftr-419	457	20	entire	entire	ADJ
ftr-419	457	21	value	value	NOUN
ftr-419	457	22	(	(	PUNCT
ftr-419	457	23	i.e.	i.e.	X
ftr-419	457	24	,	,	PUNCT
ftr-419	457	25	the	the	DET
ftr-419	457	26	entire	entire	ADJ
ftr-419	457	27	value	value	NOUN
ftr-419	457	28	of	of	ADP
ftr-419	457	29	the	the	DET
ftr-419	457	30	property	property	NOUN
ftr-419	457	31	would	would	AUX
ftr-419	457	32	constitute	constitute	VERB
ftr-419	457	33	appreciation	appreciation	NOUN
ftr-419	457	34	)	)	PUNCT
ftr-419	457	35	,	,	PUNCT
ftr-419	457	36	and	and	CCONJ
ftr-419	457	37	that	that	PRON
ftr-419	457	38	would	would	AUX
ftr-419	457	39	be	be	AUX
ftr-419	457	40	justified	justify	VERB
ftr-419	457	41	only	only	ADV
ftr-419	457	42	if	if	SCONJ
ftr-419	457	43	there	there	PRON
ftr-419	457	44	were	be	VERB
ftr-419	457	45	a	a	DET
ftr-419	457	46	tax	tax	NOUN
ftr-419	457	47	reason	reason	NOUN
ftr-419	457	48	to	to	PART
ftr-419	457	49	imbue	imbue	VERB
ftr-419	457	50	the	the	DET
ftr-419	457	51	property	property	NOUN
ftr-419	457	52	with	with	ADP
ftr-419	457	53	a	a	DET
ftr-419	457	54	potential	potential	ADJ
ftr-419	457	55	gain	gain	NOUN
ftr-419	457	56	because	because	SCONJ
ftr-419	457	57	a	a	DET
ftr-419	457	58	gain	gain	NOUN
ftr-419	457	59	that	that	SCONJ
ftr-419	457	60	the	the	DET
ftr-419	457	61	taxpayer	taxpayer	NOUN
ftr-419	457	62	or	or	CCONJ
ftr-419	457	63	someone	someone	PRON
ftr-419	457	64	else	else	ADV
ftr-419	457	65	had	have	AUX
ftr-419	457	66	realized	realize	VERB
ftr-419	457	67	had	have	AUX
ftr-419	457	68	not	not	PART
ftr-419	457	69	been	be	AUX
ftr-419	457	70	recognized	recognize	VERB
ftr-419	457	71	.	.	PUNCT
ftr-419	458	1	the	the	DET
ftr-419	458	2	only	only	ADJ
ftr-419	458	3	unrecognized	unrecognized	ADJ
ftr-419	458	4	gain	gain	NOUN
ftr-419	458	5	here	here	ADV
ftr-419	458	6	is	be	AUX
ftr-419	458	7	the	the	DET
ftr-419	458	8	gain	gain	NOUN
ftr-419	458	9	that	that	SCONJ
ftr-419	458	10	the	the	DET
ftr-419	458	11	partnership	partnership	NOUN
ftr-419	458	12	realized	realize	VERB
ftr-419	458	13	,	,	PUNCT
ftr-419	458	14	but	but	CCONJ
ftr-419	458	15	did	do	AUX
ftr-419	458	16	not	not	PART
ftr-419	458	17	recognize	recognize	VERB
ftr-419	458	18	,	,	PUNCT
ftr-419	458	19	on	on	ADP
ftr-419	458	20	making	make	VERB
ftr-419	458	21	the	the	DET
ftr-419	458	22	payment	payment	NOUN
ftr-419	458	23	;	;	PUNCT
ftr-419	458	24	20041	20041	NUM
ftr-419	458	25	florida	florida	PROPN
ftr-419	458	26	tax	tax	NOUN
ftr-419	458	27	review	review	NOUN
ftr-419	458	28	equal	equal	VERB
ftr-419	458	29	the	the	DET
ftr-419	458	30	fair	fair	ADJ
ftr-419	458	31	market	market	NOUN
ftr-419	458	32	value	value	NOUN
ftr-419	458	33	of	of	ADP
ftr-419	458	34	the	the	DET
ftr-419	458	35	property	property	NOUN
ftr-419	458	36	,	,	PUNCT
ftr-419	458	37	or	or	CCONJ
ftr-419	458	38	it	it	PRON
ftr-419	458	39	should	should	AUX
ftr-419	458	40	be	be	AUX
ftr-419	458	41	equal	equal	ADJ
ftr-419	458	42	to	to	ADP
ftr-419	458	43	the	the	DET
ftr-419	458	44	basis	basis	NOUN
ftr-419	458	45	that	that	SCONJ
ftr-419	458	46	the	the	DET
ftr-419	458	47	partnership	partnership	NOUN
ftr-419	458	48	had	have	AUX
ftr-419	458	49	in	in	ADP
ftr-419	458	50	that	that	DET
ftr-419	458	51	property	property	NOUN
ftr-419	458	52	immediately	immediately	ADV
ftr-419	458	53	before	before	ADP
ftr-419	458	54	giving	give	VERB
ftr-419	458	55	it	it	PRON
ftr-419	458	56	to	to	ADP
ftr-419	458	57	the	the	DET
ftr-419	458	58	partner	partner	NOUN
ftr-419	458	59	.	.	PUNCT
ftr-419	459	1	to	to	PART
ftr-419	459	2	make	make	VERB
ftr-419	459	3	the	the	DET
ftr-419	459	4	proper	proper	ADJ
ftr-419	459	5	choice	choice	NOUN
ftr-419	459	6	,	,	PUNCT
ftr-419	459	7	it	it	PRON
ftr-419	459	8	is	be	AUX
ftr-419	459	9	necessary	necessary	ADJ
ftr-419	459	10	to	to	PART
ftr-419	459	11	consider	consider	VERB
ftr-419	459	12	the	the	DET
ftr-419	459	13	principles	principle	NOUN
ftr-419	459	14	that	that	PRON
ftr-419	459	15	underlie	underlie	VERB
ftr-419	459	16	the	the	DET
ftr-419	459	17	scheme	scheme	NOUN
ftr-419	459	18	that	that	SCONJ
ftr-419	459	19	the	the	DET
ftr-419	459	20	code	code	NOUN
ftr-419	459	21	employs	employ	VERB
ftr-419	459	22	to	to	PART
ftr-419	459	23	determine	determine	VERB
ftr-419	459	24	a	a	DET
ftr-419	459	25	partner	partner	NOUN
ftr-419	459	26	's	's	PART
ftr-419	459	27	basis	basis	NOUN
ftr-419	459	28	in	in	ADP
ftr-419	459	29	property	property	NOUN
ftr-419	459	30	received	receive	VERB
ftr-419	459	31	as	as	ADP
ftr-419	459	32	an	an	DET
ftr-419	459	33	ordinary	ordinary	ADJ
ftr-419	459	34	operating	operating	NOUN
ftr-419	459	35	partnership	partnership	NOUN
ftr-419	459	36	distribution	distribution	NOUN
ftr-419	459	37	.	.	PUNCT
ftr-419	460	1	a	a	DET
ftr-419	460	2	partner	partner	NOUN
ftr-419	460	3	's	's	PART
ftr-419	460	4	outside	outside	ADJ
ftr-419	460	5	basis	basis	NOUN
ftr-419	460	6	reflects	reflect	VERB
ftr-419	460	7	the	the	DET
ftr-419	460	8	appreciation	appreciation	NOUN
ftr-419	460	9	or	or	CCONJ
ftr-419	460	10	depreciation	depreciation	NOUN
ftr-419	460	11	of	of	ADP
ftr-419	460	12	the	the	DET
ftr-419	460	13	partner	partner	NOUN
ftr-419	460	14	's	's	PART
ftr-419	460	15	interest	interest	NOUN
ftr-419	460	16	in	in	ADP
ftr-419	460	17	the	the	DET
ftr-419	460	18	partnership	partnership	NOUN
ftr-419	460	19	.	.	PUNCT
ftr-419	461	1	to	to	ADP
ftr-419	461	2	the	the	DET
ftr-419	461	3	extent	extent	NOUN
ftr-419	461	4	that	that	SCONJ
ftr-419	461	5	the	the	DET
ftr-419	461	6	value	value	NOUN
ftr-419	461	7	of	of	ADP
ftr-419	461	8	a	a	DET
ftr-419	461	9	partner	partner	NOUN
ftr-419	461	10	's	's	PART
ftr-419	461	11	interest	interest	NOUN
ftr-419	461	12	is	be	AUX
ftr-419	461	13	greater	great	ADJ
ftr-419	461	14	than	than	ADP
ftr-419	461	15	his	his	PRON
ftr-419	461	16	basis	basis	NOUN
ftr-419	461	17	,	,	PUNCT
ftr-419	461	18	the	the	DET
ftr-419	461	19	interest	interest	NOUN
ftr-419	461	20	is	be	AUX
ftr-419	461	21	appreciated	appreciate	VERB
ftr-419	461	22	.	.	PUNCT
ftr-419	462	1	ideally	ideally	ADV
ftr-419	462	2	,	,	PUNCT
ftr-419	462	3	a	a	DET
ftr-419	462	4	partner	partner	NOUN
ftr-419	462	5	's	's	PART
ftr-419	462	6	share	share	NOUN
ftr-419	462	7	of	of	ADP
ftr-419	462	8	the	the	DET
ftr-419	462	9	net	net	ADJ
ftr-419	462	10	unrealized	unrealized	ADJ
ftr-419	462	11	appreciation	appreciation	NOUN
ftr-419	462	12	of	of	ADP
ftr-419	462	13	properties	property	NOUN
ftr-419	462	14	held	hold	VERB
ftr-419	462	15	by	by	ADP
ftr-419	462	16	the	the	DET
ftr-419	462	17	partnership	partnership	NOUN
ftr-419	462	18	should	should	AUX
ftr-419	462	19	be	be	AUX
ftr-419	462	20	the	the	DET
ftr-419	462	21	same	same	ADJ
ftr-419	462	22	as	as	ADP
ftr-419	462	23	the	the	DET
ftr-419	462	24	appreciation	appreciation	NOUN
ftr-419	462	25	of	of	ADP
ftr-419	462	26	the	the	DET
ftr-419	462	27	partner	partner	NOUN
ftr-419	462	28	's	's	PART
ftr-419	462	29	interest	interest	NOUN
ftr-419	462	30	in	in	ADP
ftr-419	462	31	the	the	DET
ftr-419	462	32	partnership	partnership	NOUN
ftr-419	462	33	;	;	PUNCT
ftr-419	462	34	but	but	CCONJ
ftr-419	462	35	that	that	PRON
ftr-419	462	36	will	will	AUX
ftr-419	462	37	not	not	PART
ftr-419	462	38	always	always	ADV
ftr-419	462	39	be	be	AUX
ftr-419	462	40	the	the	DET
ftr-419	462	41	case	case	NOUN
ftr-419	462	42	because	because	SCONJ
ftr-419	462	43	of	of	ADP
ftr-419	462	44	a	a	DET
ftr-419	462	45	glitch	glitch	NOUN
ftr-419	462	46	in	in	ADP
ftr-419	462	47	subchapter	subchapter	NOUN
ftr-419	462	48	k	k	PROPN
ftr-419	462	49	which	which	PRON
ftr-419	462	50	is	be	AUX
ftr-419	462	51	caused	cause	VERB
ftr-419	462	52	by	by	ADP
ftr-419	462	53	sections	section	NOUN
ftr-419	462	54	743(a	743(a	NUM
ftr-419	462	55	)	)	PUNCT
ftr-419	462	56	and	and	CCONJ
ftr-419	462	57	734(a).71	734(a).71	NUM
ftr-419	462	58	to	to	PART
ftr-419	462	59	cure	cure	VERB
ftr-419	462	60	that	that	DET
ftr-419	462	61	glitch	glitch	NOUN
ftr-419	462	62	,	,	PUNCT
ftr-419	462	63	the	the	DET
ftr-419	462	64	code	code	NOUN
ftr-419	462	65	provides	provide	VERB
ftr-419	462	66	an	an	DET
ftr-419	462	67	election	election	NOUN
ftr-419	462	68	in	in	ADP
ftr-419	462	69	section	section	NOUN
ftr-419	462	70	754	754	NUM
ftr-419	462	71	,	,	PUNCT
ftr-419	462	72	which	which	DET
ftr-419	462	73	provision	provision	NOUN
ftr-419	462	74	is	be	AUX
ftr-419	462	75	discussed	discuss	VERB
ftr-419	462	76	in	in	ADP
ftr-419	462	77	part	part	NOUN
ftr-419	462	78	v.b	v.b	PROPN
ftr-419	462	79	.	.	PROPN
ftr-419	462	80	72	72	NUM
ftr-419	462	81	a	a	DET
ftr-419	462	82	key	key	ADJ
ftr-419	462	83	aspect	aspect	NOUN
ftr-419	462	84	of	of	ADP
ftr-419	462	85	the	the	DET
ftr-419	462	86	method	method	NOUN
ftr-419	462	87	that	that	PRON
ftr-419	462	88	congress	congress	PROPN
ftr-419	462	89	employed	employ	VERB
ftr-419	462	90	to	to	PART
ftr-419	462	91	determine	determine	VERB
ftr-419	462	92	a	a	DET
ftr-419	462	93	partner	partner	NOUN
ftr-419	462	94	's	's	PART
ftr-419	462	95	basis	basis	NOUN
ftr-419	462	96	in	in	ADP
ftr-419	462	97	property	property	NOUN
ftr-419	462	98	that	that	PRON
ftr-419	462	99	was	be	AUX
ftr-419	462	100	received	receive	VERB
ftr-419	462	101	as	as	ADP
ftr-419	462	102	an	an	DET
ftr-419	462	103	operating	operating	NOUN
ftr-419	462	104	distribution	distribution	NOUN
ftr-419	462	105	is	be	AUX
ftr-419	462	106	that	that	SCONJ
ftr-419	462	107	,	,	PUNCT
ftr-419	462	108	immediately	immediately	ADV
ftr-419	462	109	after	after	ADP
ftr-419	462	110	receiving	receive	VERB
ftr-419	462	111	the	the	DET
ftr-419	462	112	distribution	distribution	NOUN
ftr-419	462	113	,	,	PUNCT
ftr-419	462	114	the	the	DET
ftr-419	462	115	net	net	ADJ
ftr-419	462	116	appreciation	appreciation	NOUN
ftr-419	462	117	or	or	CCONJ
ftr-419	462	118	depreciation	depreciation	NOUN
ftr-419	462	119	of	of	ADP
ftr-419	462	120	the	the	DET
ftr-419	462	121	distributed	distribute	VERB
ftr-419	462	122	property	property	NOUN
ftr-419	462	123	and	and	CCONJ
ftr-419	462	124	of	of	ADP
ftr-419	462	125	the	the	DET
ftr-419	462	126	partner	partner	NOUN
ftr-419	462	127	's	's	PART
ftr-419	462	128	interest	interest	NOUN
ftr-419	462	129	in	in	ADP
ftr-419	462	130	the	the	DET
ftr-419	462	131	partnership	partnership	NOUN
ftr-419	462	132	will	will	AUX
ftr-419	462	133	equal	equal	VERB
ftr-419	462	134	the	the	DET
ftr-419	462	135	amount	amount	NOUN
ftr-419	462	136	of	of	ADP
ftr-419	462	137	appreciation	appreciation	NOUN
ftr-419	462	138	of	of	ADP
ftr-419	462	139	the	the	DET
ftr-419	462	140	partner	partner	NOUN
ftr-419	462	141	's	's	PART
ftr-419	462	142	interest	interest	NOUN
ftr-419	462	143	in	in	ADP
ftr-419	462	144	the	the	DET
ftr-419	462	145	partnership	partnership	NOUN
ftr-419	462	146	immediately	immediately	ADV
ftr-419	462	147	before	before	SCONJ
ftr-419	462	148	the	the	DET
ftr-419	462	149	distribution	distribution	NOUN
ftr-419	462	150	was	be	AUX
ftr-419	462	151	made	make	VERB
ftr-419	462	152	.	.	PUNCT
ftr-419	463	1	the	the	DET
ftr-419	463	2	nonrecognition	nonrecognition	NOUN
ftr-419	463	3	granted	grant	VERB
ftr-419	463	4	to	to	ADP
ftr-419	463	5	partnership	partnership	NOUN
ftr-419	463	6	distributions	distribution	NOUN
ftr-419	463	7	is	be	AUX
ftr-419	463	8	a	a	DET
ftr-419	463	9	deferral	deferral	ADJ
ftr-419	463	10	provision	provision	NOUN
ftr-419	463	11	.	.	PUNCT
ftr-419	464	1	the	the	DET
ftr-419	464	2	total	total	ADJ
ftr-419	464	3	amount	amount	NOUN
ftr-419	464	4	of	of	ADP
ftr-419	464	5	gain	gain	NOUN
ftr-419	464	6	or	or	CCONJ
ftr-419	464	7	loss	loss	NOUN
ftr-419	464	8	that	that	PRON
ftr-419	464	9	the	the	DET
ftr-419	464	10	partner	partner	NOUN
ftr-419	464	11	potentially	potentially	ADV
ftr-419	464	12	will	will	AUX
ftr-419	464	13	recognize	recognize	VERB
ftr-419	464	14	should	should	AUX
ftr-419	464	15	not	not	PART
ftr-419	464	16	be	be	AUX
ftr-419	464	17	altered	alter	VERB
ftr-419	464	18	because	because	SCONJ
ftr-419	464	19	of	of	ADP
ftr-419	464	20	the	the	DET
ftr-419	464	21	distribution	distribution	NOUN
ftr-419	464	22	of	of	ADP
ftr-419	464	23	partnership	partnership	NOUN
ftr-419	464	24	property	property	NOUN
ftr-419	464	25	to	to	ADP
ftr-419	464	26	him	he	PRON
ftr-419	464	27	.	.	PUNCT
ftr-419	465	1	the	the	DET
ftr-419	465	2	partner	partner	NOUN
ftr-419	465	3	's	's	PART
ftr-419	465	4	potential	potential	ADJ
ftr-419	465	5	gain	gain	NOUN
ftr-419	465	6	or	or	CCONJ
ftr-419	465	7	loss	loss	NOUN
ftr-419	465	8	is	be	AUX
ftr-419	465	9	kept	keep	VERB
ftr-419	465	10	intact	intact	ADJ
ftr-419	465	11	,	,	PUNCT
ftr-419	465	12	but	but	CCONJ
ftr-419	465	13	is	be	AUX
ftr-419	465	14	divided	divide	VERB
ftr-419	465	15	between	between	ADP
ftr-419	465	16	his	his	PRON
ftr-419	465	17	partnership	partnership	NOUN
ftr-419	465	18	interest	interest	NOUN
ftr-419	465	19	and	and	CCONJ
ftr-419	465	20	the	the	DET
ftr-419	465	21	distributed	distribute	VERB
ftr-419	465	22	property	property	NOUN
ftr-419	465	23	.	.	PUNCT
ftr-419	466	1	when	when	SCONJ
ftr-419	466	2	a	a	DET
ftr-419	466	3	partner	partner	NOUN
ftr-419	466	4	receives	receive	VERB
ftr-419	466	5	property	property	NOUN
ftr-419	466	6	as	as	ADP
ftr-419	466	7	a	a	DET
ftr-419	466	8	guaranteed	guarantee	VERB
ftr-419	466	9	payment	payment	NOUN
ftr-419	466	10	,	,	PUNCT
ftr-419	466	11	the	the	DET
ftr-419	466	12	partner	partner	NOUN
ftr-419	466	13	is	be	AUX
ftr-419	466	14	taxed	tax	VERB
ftr-419	466	15	on	on	ADP
ftr-419	466	16	the	the	DET
ftr-419	466	17	entire	entire	ADJ
ftr-419	466	18	value	value	NOUN
ftr-419	466	19	of	of	ADP
ftr-419	466	20	that	that	DET
ftr-419	466	21	property	property	NOUN
ftr-419	466	22	,	,	PUNCT
ftr-419	466	23	and	and	CCONJ
ftr-419	466	24	the	the	DET
ftr-419	466	25	appreciation	appreciation	NOUN
ftr-419	466	26	or	or	CCONJ
ftr-419	466	27	depreciation	depreciation	NOUN
ftr-419	466	28	of	of	ADP
ftr-419	466	29	his	his	PRON
ftr-419	466	30	interest	interest	NOUN
ftr-419	466	31	in	in	ADP
ftr-419	466	32	the	the	DET
ftr-419	466	33	partnership	partnership	NOUN
ftr-419	466	34	is	be	AUX
ftr-419	466	35	unchanged	unchanged	ADJ
ftr-419	466	36	.	.	PUNCT
ftr-419	467	1	if	if	SCONJ
ftr-419	467	2	the	the	DET
ftr-419	467	3	partner	partner	NOUN
ftr-419	467	4	were	be	AUX
ftr-419	467	5	given	give	VERB
ftr-419	467	6	a	a	DET
ftr-419	467	7	basis	basis	NOUN
ftr-419	467	8	in	in	ADP
ftr-419	467	9	the	the	DET
ftr-419	467	10	property	property	NOUN
ftr-419	467	11	he	he	PRON
ftr-419	467	12	received	receive	VERB
ftr-419	467	13	that	that	PRON
ftr-419	467	14	is	be	AUX
ftr-419	467	15	less	less	ADJ
ftr-419	467	16	than	than	ADP
ftr-419	467	17	its	its	PRON
ftr-419	467	18	value	value	NOUN
ftr-419	467	19	,	,	PUNCT
ftr-419	467	20	then	then	ADV
ftr-419	467	21	the	the	DET
ftr-419	467	22	net	net	ADJ
ftr-419	467	23	amount	amount	NOUN
ftr-419	467	24	of	of	ADP
ftr-419	467	25	aggregate	aggregate	ADJ
ftr-419	467	26	appreciation	appreciation	NOUN
ftr-419	467	27	of	of	ADP
ftr-419	467	28	the	the	DET
ftr-419	467	29	partner	partner	NOUN
ftr-419	467	30	's	's	PART
ftr-419	467	31	property	property	NOUN
ftr-419	467	32	and	and	CCONJ
ftr-419	467	33	his	his	PRON
ftr-419	467	34	partnership	partnership	NOUN
ftr-419	467	35	interest	interest	NOUN
ftr-419	467	36	would	would	AUX
ftr-419	467	37	be	be	AUX
ftr-419	467	38	increased	increase	VERB
ftr-419	467	39	(	(	PUNCT
ftr-419	467	40	or	or	CCONJ
ftr-419	467	41	the	the	DET
ftr-419	467	42	net	net	ADJ
ftr-419	467	43	amount	amount	NOUN
ftr-419	467	44	of	of	ADP
ftr-419	467	45	depreciation	depreciation	NOUN
ftr-419	467	46	would	would	AUX
ftr-419	467	47	be	be	AUX
ftr-419	467	48	decreased	decrease	VERB
ftr-419	467	49	)	)	PUNCT
ftr-419	467	50	.	.	PUNCT
ftr-419	468	1	while	while	SCONJ
ftr-419	468	2	granting	grant	VERB
ftr-419	468	3	nonrecognition	nonrecognition	NOUN
ftr-419	468	4	for	for	ADP
ftr-419	468	5	the	the	DET
ftr-419	468	6	partnership	partnership	NOUN
ftr-419	468	7	means	mean	VERB
ftr-419	468	8	that	that	SCONJ
ftr-419	468	9	the	the	DET
ftr-419	468	10	appreciation	appreciation	NOUN
ftr-419	468	11	or	or	CCONJ
ftr-419	468	12	depreciation	depreciation	NOUN
ftr-419	468	13	of	of	ADP
ftr-419	468	14	the	the	DET
ftr-419	468	15	property	property	NOUN
ftr-419	468	16	in	in	ADP
ftr-419	468	17	the	the	DET
ftr-419	468	18	partnership	partnership	NOUN
ftr-419	468	19	's	's	PART
ftr-419	468	20	hands	hand	NOUN
ftr-419	468	21	is	be	AUX
ftr-419	468	22	not	not	PART
ftr-419	468	23	recognized	recognize	VERB
ftr-419	468	24	,	,	PUNCT
ftr-419	468	25	that	that	DET
ftr-419	468	26	amount	amount	NOUN
ftr-419	468	27	of	of	ADP
ftr-419	468	28	appreciation	appreciation	NOUN
ftr-419	468	29	or	or	CCONJ
ftr-419	468	30	depreciation	depreciation	NOUN
ftr-419	468	31	either	either	CCONJ
ftr-419	468	32	is	be	AUX
ftr-419	468	33	reflected	reflect	VERB
ftr-419	468	34	in	in	ADP
ftr-419	468	35	the	the	DET
ftr-419	468	36	and	and	CCONJ
ftr-419	468	37	so	so	ADV
ftr-419	468	38	no	no	DET
ftr-419	468	39	appreciation	appreciation	NOUN
ftr-419	468	40	in	in	ADP
ftr-419	468	41	a	a	PRON
ftr-419	468	42	's	's	PART
ftr-419	468	43	hands	hand	NOUN
ftr-419	468	44	should	should	AUX
ftr-419	468	45	exceed	exceed	VERB
ftr-419	468	46	the	the	DET
ftr-419	468	47	amount	amount	NOUN
ftr-419	468	48	of	of	ADP
ftr-419	468	49	appreciation	appreciation	NOUN
ftr-419	468	50	the	the	DET
ftr-419	468	51	property	property	NOUN
ftr-419	468	52	had	have	VERB
ftr-419	468	53	in	in	ADP
ftr-419	468	54	the	the	DET
ftr-419	468	55	hands	hand	NOUN
ftr-419	468	56	of	of	ADP
ftr-419	468	57	the	the	DET
ftr-419	468	58	partnership	partnership	NOUN
ftr-419	468	59	.	.	PUNCT
ftr-419	469	1	71	71	NUM
ftr-419	469	2	.	.	X
ftr-419	470	1	for	for	ADP
ftr-419	470	2	example	example	NOUN
ftr-419	470	3	,	,	PUNCT
ftr-419	470	4	unless	unless	SCONJ
ftr-419	470	5	an	an	DET
ftr-419	470	6	election	election	NOUN
ftr-419	470	7	is	be	AUX
ftr-419	470	8	made	make	VERB
ftr-419	470	9	under	under	ADP
ftr-419	470	10	irc	irc	PROPN
ftr-419	470	11	§	§	PROPN
ftr-419	470	12	754	754	NUM
ftr-419	470	13	,	,	PUNCT
ftr-419	470	14	a	a	DET
ftr-419	470	15	person	person	NOUN
ftr-419	470	16	buying	buy	VERB
ftr-419	470	17	a	a	DET
ftr-419	470	18	partnership	partnership	NOUN
ftr-419	470	19	interest	interest	NOUN
ftr-419	470	20	from	from	ADP
ftr-419	470	21	a	a	DET
ftr-419	470	22	former	former	ADJ
ftr-419	470	23	partner	partner	NOUN
ftr-419	470	24	will	will	AUX
ftr-419	470	25	have	have	VERB
ftr-419	470	26	as	as	ADP
ftr-419	470	27	his	his	PRON
ftr-419	470	28	share	share	NOUN
ftr-419	470	29	of	of	ADP
ftr-419	470	30	the	the	DET
ftr-419	470	31	partnership	partnership	NOUN
ftr-419	470	32	's	's	PART
ftr-419	470	33	inside	inside	ADJ
ftr-419	470	34	basis	basis	NOUN
ftr-419	470	35	in	in	ADP
ftr-419	470	36	its	its	PRON
ftr-419	470	37	assets	asset	NOUN
ftr-419	470	38	the	the	DET
ftr-419	470	39	same	same	ADJ
ftr-419	470	40	amount	amount	NOUN
ftr-419	470	41	that	that	PRON
ftr-419	470	42	the	the	DET
ftr-419	470	43	former	former	ADJ
ftr-419	470	44	partner	partner	NOUN
ftr-419	470	45	had	have	VERB
ftr-419	470	46	even	even	ADV
ftr-419	470	47	though	though	SCONJ
ftr-419	470	48	the	the	DET
ftr-419	470	49	new	new	ADJ
ftr-419	470	50	partner	partner	NOUN
ftr-419	470	51	paid	pay	VERB
ftr-419	470	52	an	an	DET
ftr-419	470	53	amount	amount	NOUN
ftr-419	470	54	for	for	ADP
ftr-419	470	55	that	that	DET
ftr-419	470	56	share	share	NOUN
ftr-419	470	57	of	of	ADP
ftr-419	470	58	the	the	DET
ftr-419	470	59	partnership	partnership	NOUN
ftr-419	470	60	's	's	PART
ftr-419	470	61	assets	asset	NOUN
ftr-419	470	62	that	that	PRON
ftr-419	470	63	was	be	AUX
ftr-419	470	64	greater	great	ADJ
ftr-419	470	65	or	or	CCONJ
ftr-419	470	66	less	less	ADJ
ftr-419	470	67	than	than	ADP
ftr-419	470	68	the	the	DET
ftr-419	470	69	former	former	ADJ
ftr-419	470	70	's	's	PART
ftr-419	470	71	partner	partner	NOUN
ftr-419	470	72	's	's	PART
ftr-419	470	73	share	share	NOUN
ftr-419	470	74	of	of	ADP
ftr-419	470	75	the	the	DET
ftr-419	470	76	inside	inside	ADJ
ftr-419	470	77	basis	basis	NOUN
ftr-419	470	78	for	for	ADP
ftr-419	470	79	those	those	DET
ftr-419	470	80	assets	asset	NOUN
ftr-419	470	81	.	.	PUNCT
ftr-419	471	1	irc	irc	PROPN
ftr-419	471	2	§	§	PROPN
ftr-419	471	3	743(a	743(a	PROPN
ftr-419	471	4	)	)	PUNCT
ftr-419	471	5	.	.	PUNCT
ftr-419	472	1	72	72	X
ftr-419	472	2	.	.	PUNCT
ftr-419	473	1	see	see	VERB
ftr-419	473	2	supra	supra	ADJ
ftr-419	473	3	text	text	NOUN
ftr-419	473	4	accompanying	accompanying	ADJ
ftr-419	473	5	note	note	NOUN
ftr-419	473	6	62	62	NUM
ftr-419	473	7	.	.	PUNCT
ftr-419	474	1	when	when	SCONJ
ftr-419	474	2	irc	irc	PROPN
ftr-419	474	3	§	§	PROPN
ftr-419	474	4	754	754	NUM
ftr-419	474	5	has	have	AUX
ftr-419	474	6	not	not	PART
ftr-419	474	7	been	be	AUX
ftr-419	474	8	elected	elect	VERB
ftr-419	474	9	,	,	PUNCT
ftr-419	474	10	the	the	DET
ftr-419	474	11	code	code	NOUN
ftr-419	474	12	provides	provide	VERB
ftr-419	474	13	limited	limited	ADJ
ftr-419	474	14	relief	relief	NOUN
ftr-419	474	15	in	in	ADP
ftr-419	474	16	irc	irc	PROPN
ftr-419	474	17	§	§	PROPN
ftr-419	474	18	732(d	732(d	PROPN
ftr-419	474	19	)	)	PUNCT
ftr-419	474	20	,	,	PUNCT
ftr-419	474	21	under	under	ADP
ftr-419	474	22	certain	certain	ADJ
ftr-419	474	23	circumstances	circumstance	NOUN
ftr-419	474	24	.	.	PUNCT
ftr-419	475	1	[	[	X
ftr-419	475	2	vol6:5	vol6:5	NOUN
ftr-419	475	3	guaranteed	guarantee	VERB
ftr-419	475	4	payments	payment	NOUN
ftr-419	475	5	made	make	VERB
ftr-419	475	6	in	in	ADP
ftr-419	475	7	kind	kind	NOUN
ftr-419	475	8	by	by	ADP
ftr-419	475	9	a	a	DET
ftr-419	475	10	partnership	partnership	NOUN
ftr-419	475	11	partners	partner	NOUN
ftr-419	475	12	'	'	PART
ftr-419	475	13	interests	interest	NOUN
ftr-419	475	14	in	in	ADP
ftr-419	475	15	the	the	DET
ftr-419	475	16	partnership	partnership	NOUN
ftr-419	475	17	(	(	PUNCT
ftr-419	475	18	and	and	CCONJ
ftr-419	475	19	so	so	ADV
ftr-419	475	20	potentially	potentially	ADV
ftr-419	475	21	will	will	AUX
ftr-419	475	22	be	be	AUX
ftr-419	475	23	recognized	recognize	VERB
ftr-419	475	24	by	by	ADP
ftr-419	475	25	the	the	DET
ftr-419	475	26	partners	partner	NOUN
ftr-419	475	27	at	at	ADP
ftr-419	475	28	a	a	DET
ftr-419	475	29	later	later	ADV
ftr-419	475	30	date);73	date);73	ADJ
ftr-419	475	31	or	or	CCONJ
ftr-419	475	32	,	,	PUNCT
ftr-419	475	33	if	if	SCONJ
ftr-419	475	34	not	not	PART
ftr-419	475	35	reflected	reflect	VERB
ftr-419	475	36	in	in	ADP
ftr-419	475	37	the	the	DET
ftr-419	475	38	partners	partner	NOUN
ftr-419	475	39	'	'	PART
ftr-419	475	40	interests	interest	NOUN
ftr-419	475	41	,	,	PUNCT
ftr-419	475	42	that	that	PRON
ftr-419	475	43	is	be	AUX
ftr-419	475	44	because	because	SCONJ
ftr-419	475	45	there	there	PRON
ftr-419	475	46	was	be	VERB
ftr-419	475	47	no	no	DET
ftr-419	475	48	section	section	NOUN
ftr-419	475	49	754	754	NUM
ftr-419	475	50	election	election	NOUN
ftr-419	475	51	in	in	ADP
ftr-419	475	52	effect	effect	NOUN
ftr-419	475	53	and	and	CCONJ
ftr-419	475	54	the	the	DET
ftr-419	475	55	difference	difference	NOUN
ftr-419	475	56	is	be	AUX
ftr-419	475	57	caused	cause	VERB
ftr-419	475	58	by	by	ADP
ftr-419	475	59	a	a	DET
ftr-419	475	60	glitch	glitch	NOUN
ftr-419	475	61	in	in	ADP
ftr-419	475	62	the	the	DET
ftr-419	475	63	tax	tax	NOUN
ftr-419	475	64	law.74	law.74	VERB
ftr-419	475	65	the	the	DET
ftr-419	475	66	reason	reason	NOUN
ftr-419	475	67	that	that	SCONJ
ftr-419	475	68	this	this	PRON
ftr-419	475	69	is	be	AUX
ftr-419	475	70	so	so	ADV
ftr-419	475	71	is	be	AUX
ftr-419	475	72	explained	explain	VERB
ftr-419	475	73	later	later	ADV
ftr-419	475	74	in	in	ADP
ftr-419	475	75	this	this	DET
ftr-419	475	76	part	part	NOUN
ftr-419	476	1	v.c	v.c	PROPN
ftr-419	476	2	.	.	PUNCT
ftr-419	477	1	there	there	PRON
ftr-419	477	2	is	be	VERB
ftr-419	477	3	no	no	DET
ftr-419	477	4	reason	reason	NOUN
ftr-419	477	5	to	to	PART
ftr-419	477	6	strain	strain	VERB
ftr-419	477	7	the	the	DET
ftr-419	477	8	application	application	NOUN
ftr-419	477	9	of	of	ADP
ftr-419	477	10	the	the	DET
ftr-419	477	11	basis	basis	NOUN
ftr-419	477	12	rules	rule	NOUN
ftr-419	477	13	to	to	PART
ftr-419	477	14	perpetuate	perpetuate	VERB
ftr-419	477	15	a	a	DET
ftr-419	477	16	glitch	glitch	NOUN
ftr-419	477	17	.	.	PUNCT
ftr-419	478	1	the	the	DET
ftr-419	478	2	reason	reason	NOUN
ftr-419	478	3	for	for	ADP
ftr-419	478	4	choosing	choose	VERB
ftr-419	478	5	fair	fair	ADJ
ftr-419	478	6	market	market	NOUN
ftr-419	478	7	value	value	NOUN
ftr-419	478	8	for	for	ADP
ftr-419	478	9	the	the	DET
ftr-419	478	10	partner	partner	NOUN
ftr-419	478	11	's	's	PART
ftr-419	478	12	basis	basis	NOUN
ftr-419	478	13	in	in	ADP
ftr-419	478	14	the	the	DET
ftr-419	478	15	property	property	NOUN
ftr-419	478	16	is	be	AUX
ftr-419	478	17	illustrated	illustrate	VERB
ftr-419	478	18	by	by	ADP
ftr-419	478	19	examining	examine	VERB
ftr-419	478	20	the	the	DET
ftr-419	478	21	set	set	NOUN
ftr-419	478	22	of	of	ADP
ftr-419	478	23	facts	fact	NOUN
ftr-419	478	24	set	set	VERB
ftr-419	478	25	forth	forth	ADP
ftr-419	478	26	above	above	ADV
ftr-419	478	27	in	in	ADP
ftr-419	478	28	the	the	DET
ftr-419	478	29	context	context	NOUN
ftr-419	478	30	of	of	ADP
ftr-419	478	31	a	a	DET
ftr-419	478	32	book	book	NOUN
ftr-419	478	33	/	/	SYM
ftr-419	478	34	tax	tax	NOUN
ftr-419	478	35	balance	balance	NOUN
ftr-419	478	36	sheet	sheet	NOUN
ftr-419	478	37	.	.	PUNCT
ftr-419	479	1	the	the	DET
ftr-419	479	2	book	book	NOUN
ftr-419	479	3	/	/	SYM
ftr-419	479	4	tax	tax	NOUN
ftr-419	479	5	balance	balance	NOUN
ftr-419	479	6	sheet	sheet	NOUN
ftr-419	479	7	for	for	ADP
ftr-419	479	8	p	p	PRON
ftr-419	479	9	just	just	ADV
ftr-419	479	10	before	before	SCONJ
ftr-419	479	11	p	p	PRON
ftr-419	479	12	made	make	VERB
ftr-419	479	13	the	the	DET
ftr-419	479	14	guaranteed	guarantee	VERB
ftr-419	479	15	payment	payment	NOUN
ftr-419	479	16	of	of	ADP
ftr-419	479	17	land	land	NOUN
ftr-419	479	18	2	2	NUM
ftr-419	479	19	to	to	ADP
ftr-419	479	20	a	a	PRON
ftr-419	479	21	was	be	AUX
ftr-419	479	22	:	:	PUNCT
ftr-419	479	23	assets	asset	NOUN
ftr-419	479	24	liabilities	liability	NOUN
ftr-419	479	25	and	and	CCONJ
ftr-419	479	26	partners	partner	NOUN
ftr-419	479	27	'	'	PART
ftr-419	479	28	capital	capital	NOUN
ftr-419	479	29	a.b	a.b	PROPN
ftr-419	479	30	.	.	PROPN
ftr-419	479	31	book	book	NOUN
ftr-419	479	32	liabilities	liability	NOUN
ftr-419	479	33	none	none	NOUN
ftr-419	479	34	cash	cash	VERB
ftr-419	479	35	$	$	SYM
ftr-419	479	36	35,000	35,000	NUM
ftr-419	479	37	$	$	SYM
ftr-419	479	38	35,000	35,000	NUM
ftr-419	479	39	partners	partner	NOUN
ftr-419	479	40	'	'	PART
ftr-419	479	41	capital	capital	NOUN
ftr-419	479	42	land	land	NOUN
ftr-419	479	43	1	1	NUM
ftr-419	479	44	$	$	SYM
ftr-419	479	45	10,000	10,000	NUM
ftr-419	479	46	$	$	SYM
ftr-419	479	47	25,000	25,000	NUM
ftr-419	479	48	a.b	a.b	PROPN
ftr-419	479	49	.	.	PROPN
ftr-419	479	50	book	book	NOUN
ftr-419	479	51	land	land	NOUN
ftr-419	479	52	2	2	NUM
ftr-419	479	53	$	$	SYM
ftr-419	479	54	15.000	15.000	NUM
ftr-419	479	55	$	$	SYM
ftr-419	479	56	30,000	30,000	NUM
ftr-419	479	57	a	a	DET
ftr-419	479	58	$	$	SYM
ftr-419	479	59	20,000	20,000	NUM
ftr-419	479	60	$	$	SYM
ftr-419	479	61	30,000	30,000	NUM
ftr-419	479	62	total	total	ADJ
ftr-419	479	63	$	$	SYM
ftr-419	479	64	60,000	60,000	NUM
ftr-419	479	65	$	$	SYM
ftr-419	479	66	90,000	90,000	NUM
ftr-419	479	67	b	b	NOUN
ftr-419	479	68	$	$	SYM
ftr-419	479	69	20,000	20,000	NUM
ftr-419	479	70	$	$	SYM
ftr-419	479	71	30,000	30,000	NUM
ftr-419	479	72	c	c	NOUN
ftr-419	479	73	$	$	SYM
ftr-419	479	74	20,000	20,000	NUM
ftr-419	479	75	$	$	SYM
ftr-419	479	76	30.000	30.000	NUM
ftr-419	479	77	total	total	NOUN
ftr-419	479	78	$	$	SYM
ftr-419	479	79	60,000	60,000	NUM
ftr-419	479	80	$	$	SYM
ftr-419	479	81	90,000	90,000	NUM
ftr-419	479	82	you	you	PRON
ftr-419	479	83	will	will	AUX
ftr-419	479	84	recall	recall	VERB
ftr-419	479	85	that	that	SCONJ
ftr-419	479	86	p	p	PROPN
ftr-419	479	87	gave	give	VERB
ftr-419	479	88	a	a	DET
ftr-419	479	89	land	land	NOUN
ftr-419	479	90	2	2	NUM
ftr-419	479	91	as	as	ADP
ftr-419	479	92	a	a	DET
ftr-419	479	93	guaranteed	guarantee	VERB
ftr-419	479	94	payment	payment	NOUN
ftr-419	479	95	,	,	PUNCT
ftr-419	479	96	and	and	CCONJ
ftr-419	479	97	a	a	DET
ftr-419	479	98	recognized	recognize	VERB
ftr-419	479	99	$	$	SYM
ftr-419	479	100	30,000	30,000	NUM
ftr-419	479	101	ordinary	ordinary	ADJ
ftr-419	479	102	income	income	NOUN
ftr-419	479	103	.	.	PUNCT
ftr-419	480	1	we	we	PRON
ftr-419	480	2	will	will	AUX
ftr-419	480	3	assume	assume	VERB
ftr-419	480	4	that	that	SCONJ
ftr-419	480	5	p	p	PRON
ftr-419	480	6	did	do	AUX
ftr-419	480	7	not	not	PART
ftr-419	480	8	recognize	recognize	VERB
ftr-419	480	9	any	any	PRON
ftr-419	480	10	of	of	ADP
ftr-419	480	11	the	the	DET
ftr-419	480	12	$	$	SYM
ftr-419	480	13	15,000	15,000	NUM
ftr-419	480	14	gain	gain	NOUN
ftr-419	480	15	it	it	PRON
ftr-419	480	16	realized	realize	VERB
ftr-419	480	17	on	on	ADP
ftr-419	480	18	that	that	DET
ftr-419	480	19	transaction	transaction	NOUN
ftr-419	480	20	.	.	PUNCT
ftr-419	481	1	the	the	DET
ftr-419	481	2	book	book	NOUN
ftr-419	481	3	value	value	NOUN
ftr-419	481	4	of	of	ADP
ftr-419	481	5	each	each	PRON
ftr-419	481	6	of	of	ADP
ftr-419	481	7	p	p	X
ftr-419	481	8	's	's	PART
ftr-419	481	9	assets	asset	NOUN
ftr-419	481	10	equals	equal	VERB
ftr-419	481	11	its	its	PRON
ftr-419	481	12	fair	fair	ADJ
ftr-419	481	13	market	market	NOUN
ftr-419	481	14	value	value	NOUN
ftr-419	481	15	.	.	PUNCT
ftr-419	482	1	p	p	PROPN
ftr-419	482	2	received	receive	VERB
ftr-419	482	3	a	a	DET
ftr-419	482	4	deduction	deduction	NOUN
ftr-419	482	5	of	of	ADP
ftr-419	482	6	$	$	SYM
ftr-419	482	7	30,000	30,000	NUM
ftr-419	482	8	,	,	PUNCT
ftr-419	482	9	which	which	PRON
ftr-419	482	10	is	be	AUX
ftr-419	482	11	divided	divide	VERB
ftr-419	482	12	equally	equally	ADV
ftr-419	482	13	among	among	ADP
ftr-419	482	14	the	the	DET
ftr-419	482	15	three	three	NUM
ftr-419	482	16	partners	partner	NOUN
ftr-419	482	17	.	.	PUNCT
ftr-419	483	1	as	as	ADP
ftr-419	483	2	a	a	DET
ftr-419	483	3	result	result	NOUN
ftr-419	483	4	of	of	ADP
ftr-419	483	5	that	that	DET
ftr-419	483	6	deduction	deduction	NOUN
ftr-419	483	7	,	,	PUNCT
ftr-419	483	8	each	each	DET
ftr-419	483	9	partner	partner	NOUN
ftr-419	483	10	's	's	PART
ftr-419	483	11	capital	capital	NOUN
ftr-419	483	12	account	account	NOUN
ftr-419	483	13	and	and	CCONJ
ftr-419	483	14	outside	outside	ADJ
ftr-419	483	15	basis	basis	NOUN
ftr-419	483	16	is	be	AUX
ftr-419	483	17	reduced	reduce	VERB
ftr-419	483	18	by	by	ADP
ftr-419	483	19	$	$	SYM
ftr-419	483	20	10,000	10,000	NUM
ftr-419	483	21	(	(	PUNCT
ftr-419	483	22	onethird	onethird	NOUN
ftr-419	483	23	of	of	ADP
ftr-419	483	24	the	the	DET
ftr-419	483	25	deduction	deduction	NOUN
ftr-419	483	26	)	)	PUNCT
ftr-419	483	27	.	.	PUNCT
ftr-419	484	1	the	the	DET
ftr-419	484	2	book	book	NOUN
ftr-419	484	3	/	/	SYM
ftr-419	484	4	tax	tax	NOUN
ftr-419	484	5	balance	balance	NOUN
ftr-419	484	6	sheet	sheet	NOUN
ftr-419	484	7	for	for	ADP
ftr-419	484	8	p	p	NOUN
ftr-419	484	9	immediately	immediately	ADV
ftr-419	484	10	after	after	SCONJ
ftr-419	484	11	the	the	DET
ftr-419	484	12	payment	payment	NOUN
ftr-419	484	13	is	be	AUX
ftr-419	484	14	as	as	SCONJ
ftr-419	484	15	follows	follow	VERB
ftr-419	484	16	.	.	PUNCT
ftr-419	485	1	assets	asset	NOUN
ftr-419	485	2	liabilities	liability	NOUN
ftr-419	485	3	and	and	CCONJ
ftr-419	485	4	partners	partner	NOUN
ftr-419	485	5	'	'	PART
ftr-419	485	6	capital	capital	NOUN
ftr-419	485	7	a.b	a.b	PROPN
ftr-419	485	8	.	.	PROPN
ftr-419	485	9	book	book	NOUN
ftr-419	485	10	liabilities	liability	NOUN
ftr-419	485	11	none	none	NOUN
ftr-419	485	12	cash	cash	VERB
ftr-419	485	13	$	$	SYM
ftr-419	485	14	35,000	35,000	NUM
ftr-419	485	15	$	$	SYM
ftr-419	485	16	35,000	35,000	NUM
ftr-419	485	17	partners	partner	NOUN
ftr-419	485	18	'	'	PART
ftr-419	485	19	capital	capital	NOUN
ftr-419	485	20	land	land	NOUN
ftr-419	485	21	1	1	NUM
ftr-419	485	22	$	$	SYM
ftr-419	485	23	10,000	10,000	NUM
ftr-419	485	24	$	$	SYM
ftr-419	485	25	25,000	25,000	NUM
ftr-419	485	26	a.b	a.b	PROPN
ftr-419	485	27	.	.	PROPN
ftr-419	485	28	book	book	NOUN
ftr-419	485	29	total	total	VERB
ftr-419	485	30	$	$	SYM
ftr-419	485	31	45,000	45,000	NUM
ftr-419	485	32	$	$	SYM
ftr-419	485	33	60,000	60,000	NUM
ftr-419	485	34	a	a	DET
ftr-419	485	35	$	$	SYM
ftr-419	485	36	10,000	10,000	NUM
ftr-419	485	37	$	$	SYM
ftr-419	485	38	20,000	20,000	NUM
ftr-419	485	39	b	b	NOUN
ftr-419	485	40	$	$	SYM
ftr-419	485	41	10,000	10,000	NUM
ftr-419	485	42	$	$	SYM
ftr-419	485	43	20,000	20,000	NUM
ftr-419	485	44	c	c	NOUN
ftr-419	485	45	$	$	SYM
ftr-419	485	46	10.000	10.000	NUM
ftr-419	485	47	$	$	SYM
ftr-419	485	48	20	20	NUM
ftr-419	485	49	total	total	NOUN
ftr-419	485	50	$	$	SYM
ftr-419	485	51	30,000	30,000	NUM
ftr-419	485	52	$	$	SYM
ftr-419	485	53	60,000	60,000	NUM
ftr-419	485	54	73	73	NUM
ftr-419	485	55	.	.	PUNCT
ftr-419	486	1	if	if	SCONJ
ftr-419	486	2	another	another	DET
ftr-419	486	3	partner	partner	NOUN
ftr-419	486	4	has	have	VERB
ftr-419	486	5	an	an	DET
ftr-419	486	6	appreciated	appreciated	ADJ
ftr-419	486	7	partnership	partnership	NOUN
ftr-419	486	8	interest	interest	NOUN
ftr-419	486	9	that	that	PRON
ftr-419	486	10	reflects	reflect	VERB
ftr-419	486	11	his	his	PRON
ftr-419	486	12	share	share	NOUN
ftr-419	486	13	of	of	ADP
ftr-419	486	14	the	the	DET
ftr-419	486	15	partnership	partnership	NOUN
ftr-419	486	16	's	's	PART
ftr-419	486	17	appreciation	appreciation	NOUN
ftr-419	486	18	in	in	ADP
ftr-419	486	19	its	its	PRON
ftr-419	486	20	inside	inside	ADJ
ftr-419	486	21	assets	asset	NOUN
ftr-419	486	22	,	,	PUNCT
ftr-419	486	23	the	the	DET
ftr-419	486	24	appreciation	appreciation	NOUN
ftr-419	486	25	of	of	ADP
ftr-419	486	26	that	that	DET
ftr-419	486	27	partner	partner	NOUN
ftr-419	486	28	's	's	PART
ftr-419	486	29	partnership	partnership	NOUN
ftr-419	486	30	interest	interest	NOUN
ftr-419	486	31	will	will	AUX
ftr-419	486	32	continue	continue	VERB
ftr-419	486	33	to	to	PART
ftr-419	486	34	reflect	reflect	VERB
ftr-419	486	35	his	his	PRON
ftr-419	486	36	share	share	NOUN
ftr-419	486	37	of	of	ADP
ftr-419	486	38	the	the	DET
ftr-419	486	39	partnership	partnership	NOUN
ftr-419	486	40	's	's	PART
ftr-419	486	41	inside	inside	ADJ
ftr-419	486	42	appreciation	appreciation	NOUN
ftr-419	486	43	in	in	ADP
ftr-419	486	44	the	the	DET
ftr-419	486	45	property	property	NOUN
ftr-419	486	46	that	that	PRON
ftr-419	486	47	was	be	AUX
ftr-419	486	48	used	use	VERB
ftr-419	486	49	to	to	PART
ftr-419	486	50	make	make	VERB
ftr-419	486	51	the	the	DET
ftr-419	486	52	guaranteed	guarantee	VERB
ftr-419	486	53	payment	payment	NOUN
ftr-419	486	54	.	.	PUNCT
ftr-419	487	1	so	so	ADV
ftr-419	487	2	,	,	PUNCT
ftr-419	487	3	the	the	DET
ftr-419	487	4	other	other	ADJ
ftr-419	487	5	partner	partner	NOUN
ftr-419	487	6	will	will	AUX
ftr-419	487	7	not	not	PART
ftr-419	487	8	escape	escape	VERB
ftr-419	487	9	the	the	DET
ftr-419	487	10	recognition	recognition	NOUN
ftr-419	487	11	of	of	ADP
ftr-419	487	12	the	the	DET
ftr-419	487	13	deferred	defer	VERB
ftr-419	487	14	gain	gain	NOUN
ftr-419	487	15	.	.	PUNCT
ftr-419	488	1	74	74	X
ftr-419	488	2	.	.	PUNCT
ftr-419	489	1	see	see	VERB
ftr-419	489	2	supra	supra	PROPN
ftr-419	489	3	note	note	NOUN
ftr-419	489	4	71	71	NUM
ftr-419	489	5	and	and	CCONJ
ftr-419	489	6	accompanying	accompany	VERB
ftr-419	489	7	text	text	NOUN
ftr-419	489	8	(	(	PUNCT
ftr-419	489	9	describing	describe	VERB
ftr-419	489	10	the	the	DET
ftr-419	489	11	glitch	glitch	NOUN
ftr-419	489	12	)	)	PUNCT
ftr-419	489	13	.	.	PUNCT
ftr-419	490	1	20041	20041	NUM
ftr-419	490	2	florida	florida	PROPN
ftr-419	490	3	tax	tax	PROPN
ftr-419	490	4	review	review	NOUN
ftr-419	490	5	the	the	DET
ftr-419	490	6	$	$	SYM
ftr-419	490	7	10,000	10,000	NUM
ftr-419	490	8	amount	amount	NOUN
ftr-419	490	9	of	of	ADP
ftr-419	490	10	appreciation	appreciation	NOUN
ftr-419	490	11	of	of	ADP
ftr-419	490	12	each	each	DET
ftr-419	490	13	partner	partner	NOUN
ftr-419	490	14	's	's	PART
ftr-419	490	15	interest	interest	NOUN
ftr-419	490	16	in	in	ADP
ftr-419	490	17	p	p	PROPN
ftr-419	490	18	is	be	AUX
ftr-419	490	19	the	the	DET
ftr-419	490	20	same	same	ADJ
ftr-419	490	21	after	after	SCONJ
ftr-419	490	22	the	the	DET
ftr-419	490	23	guaranteed	guarantee	VERB
ftr-419	490	24	payment	payment	NOUN
ftr-419	490	25	was	be	AUX
ftr-419	490	26	made	make	VERB
ftr-419	490	27	(	(	PUNCT
ftr-419	490	28	$	$	SYM
ftr-419	490	29	20,000	20,000	NUM
ftr-419	490	30	book	book	NOUN
ftr-419	490	31	value	value	NOUN
ftr-419	490	32	minus	minus	CCONJ
ftr-419	490	33	each	each	DET
ftr-419	490	34	partner	partner	NOUN
ftr-419	490	35	's	's	PART
ftr-419	490	36	$	$	SYM
ftr-419	490	37	10,000	10,000	NUM
ftr-419	490	38	outside	outside	ADJ
ftr-419	490	39	basis	basis	NOUN
ftr-419	490	40	)	)	PUNCT
ftr-419	490	41	as	as	SCONJ
ftr-419	490	42	it	it	PRON
ftr-419	490	43	was	be	AUX
ftr-419	490	44	before	before	SCONJ
ftr-419	490	45	that	that	DET
ftr-419	490	46	payment	payment	NOUN
ftr-419	490	47	was	be	AUX
ftr-419	490	48	made	make	VERB
ftr-419	490	49	(	(	PUNCT
ftr-419	490	50	$	$	SYM
ftr-419	490	51	30,000	30,000	NUM
ftr-419	490	52	book	book	NOUN
ftr-419	490	53	value	value	NOUN
ftr-419	490	54	minus	minus	CCONJ
ftr-419	490	55	each	each	DET
ftr-419	490	56	partner	partner	NOUN
ftr-419	490	57	's	's	PART
ftr-419	490	58	$	$	SYM
ftr-419	490	59	20,000	20,000	NUM
ftr-419	490	60	outside	outside	ADP
ftr-419	490	61	basis	basis	NOUN
ftr-419	490	62	)	)	PUNCT
ftr-419	490	63	.	.	PUNCT
ftr-419	491	1	if	if	SCONJ
ftr-419	491	2	,	,	PUNCT
ftr-419	491	3	as	as	SCONJ
ftr-419	491	4	the	the	DET
ftr-419	491	5	authors	author	NOUN
ftr-419	491	6	contend	contend	VERB
ftr-419	491	7	,	,	PUNCT
ftr-419	491	8	a	a	PRON
ftr-419	491	9	's	's	PART
ftr-419	491	10	basis	basis	NOUN
ftr-419	491	11	in	in	ADP
ftr-419	491	12	land	land	NOUN
ftr-419	491	13	2	2	NUM
ftr-419	491	14	equals	equal	VERB
ftr-419	491	15	its	its	PRON
ftr-419	491	16	fair	fair	ADJ
ftr-419	491	17	market	market	NOUN
ftr-419	491	18	value	value	NOUN
ftr-419	491	19	of	of	ADP
ftr-419	491	20	$	$	SYM
ftr-419	491	21	30,000	30,000	NUM
ftr-419	491	22	,	,	PUNCT
ftr-419	491	23	then	then	ADV
ftr-419	491	24	a	a	PRON
ftr-419	491	25	's	's	PART
ftr-419	491	26	potential	potential	ADJ
ftr-419	491	27	gain	gain	NOUN
ftr-419	491	28	on	on	ADP
ftr-419	491	29	a	a	DET
ftr-419	491	30	sale	sale	NOUN
ftr-419	491	31	of	of	ADP
ftr-419	491	32	both	both	DET
ftr-419	491	33	land	land	NOUN
ftr-419	491	34	2	2	NUM
ftr-419	491	35	and	and	CCONJ
ftr-419	491	36	his	his	PRON
ftr-419	491	37	partnership	partnership	NOUN
ftr-419	491	38	interest	interest	NOUN
ftr-419	491	39	will	will	AUX
ftr-419	491	40	be	be	AUX
ftr-419	491	41	$	$	SYM
ftr-419	491	42	10,000	10,000	NUM
ftr-419	491	43	.	.	PUNCT
ftr-419	492	1	but	but	CCONJ
ftr-419	492	2	,	,	PUNCT
ftr-419	492	3	if	if	SCONJ
ftr-419	492	4	instead	instead	ADV
ftr-419	492	5	a	a	PRON
ftr-419	492	6	were	be	AUX
ftr-419	492	7	given	give	VERB
ftr-419	492	8	a	a	DET
ftr-419	492	9	$	$	SYM
ftr-419	492	10	15,000	15,000	NUM
ftr-419	492	11	basis	basis	NOUN
ftr-419	492	12	in	in	ADP
ftr-419	492	13	land	land	NOUN
ftr-419	492	14	2	2	NUM
ftr-419	492	15	(	(	PUNCT
ftr-419	492	16	i.e.	i.e.	X
ftr-419	492	17	,	,	PUNCT
ftr-419	492	18	an	an	DET
ftr-419	492	19	amount	amount	NOUN
ftr-419	492	20	equal	equal	ADJ
ftr-419	492	21	to	to	ADP
ftr-419	492	22	p	p	NOUN
ftr-419	492	23	's	's	PART
ftr-419	492	24	basis	basis	NOUN
ftr-419	492	25	therein	therein	ADV
ftr-419	492	26	)	)	PUNCT
ftr-419	492	27	,	,	PUNCT
ftr-419	492	28	a	a	PRON
ftr-419	492	29	would	would	AUX
ftr-419	492	30	have	have	VERB
ftr-419	492	31	a	a	DET
ftr-419	492	32	potential	potential	ADJ
ftr-419	492	33	gain	gain	NOUN
ftr-419	492	34	of	of	ADP
ftr-419	492	35	$	$	SYM
ftr-419	492	36	25,000	25,000	NUM
ftr-419	492	37	on	on	ADP
ftr-419	492	38	the	the	DET
ftr-419	492	39	sale	sale	NOUN
ftr-419	492	40	of	of	ADP
ftr-419	492	41	both	both	DET
ftr-419	492	42	land	land	NOUN
ftr-419	492	43	2	2	NUM
ftr-419	492	44	and	and	CCONJ
ftr-419	492	45	his	his	PRON
ftr-419	492	46	partnership	partnership	NOUN
ftr-419	492	47	interest	interest	NOUN
ftr-419	492	48	.	.	PUNCT
ftr-419	493	1	clearly	clearly	ADV
ftr-419	493	2	,	,	PUNCT
ftr-419	493	3	a	a	DET
ftr-419	493	4	gain	gain	NOUN
ftr-419	493	5	of	of	ADP
ftr-419	493	6	$	$	SYM
ftr-419	493	7	25,000	25,000	NUM
ftr-419	493	8	would	would	AUX
ftr-419	493	9	be	be	AUX
ftr-419	493	10	excessive	excessive	ADJ
ftr-419	493	11	.	.	PUNCT
ftr-419	494	1	note	note	NOUN
ftr-419	494	2	,	,	PUNCT
ftr-419	494	3	however	however	ADV
ftr-419	494	4	,	,	PUNCT
ftr-419	494	5	that	that	SCONJ
ftr-419	494	6	the	the	DET
ftr-419	494	7	aggregate	aggregate	ADJ
ftr-419	494	8	outside	outside	ADJ
ftr-419	494	9	basis	basis	NOUN
ftr-419	494	10	of	of	ADP
ftr-419	494	11	the	the	DET
ftr-419	494	12	partners	partner	NOUN
ftr-419	494	13	(	(	PUNCT
ftr-419	494	14	$	$	SYM
ftr-419	494	15	30,000	30,000	NUM
ftr-419	494	16	)	)	PUNCT
ftr-419	494	17	is	be	AUX
ftr-419	494	18	no	no	ADV
ftr-419	494	19	longer	long	ADV
ftr-419	494	20	equal	equal	ADJ
ftr-419	494	21	to	to	ADP
ftr-419	494	22	p	p	PRON
ftr-419	494	23	's	'	NOUN
ftr-419	494	24	inside	inside	ADJ
ftr-419	494	25	basis	basis	NOUN
ftr-419	494	26	in	in	ADP
ftr-419	494	27	its	its	PRON
ftr-419	494	28	assets	asset	NOUN
ftr-419	494	29	(	(	PUNCT
ftr-419	494	30	$	$	SYM
ftr-419	494	31	45,000	45,000	NUM
ftr-419	494	32	)	)	PUNCT
ftr-419	494	33	.	.	PUNCT
ftr-419	495	1	prior	prior	ADV
ftr-419	495	2	to	to	ADP
ftr-419	495	3	the	the	DET
ftr-419	495	4	making	making	NOUN
ftr-419	495	5	of	of	ADP
ftr-419	495	6	the	the	DET
ftr-419	495	7	guaranteed	guarantee	VERB
ftr-419	495	8	payment	payment	NOUN
ftr-419	495	9	,	,	PUNCT
ftr-419	495	10	there	there	PRON
ftr-419	495	11	was	be	VERB
ftr-419	495	12	$	$	SYM
ftr-419	495	13	30,000	30,000	NUM
ftr-419	495	14	appreciation	appreciation	NOUN
ftr-419	495	15	in	in	ADP
ftr-419	495	16	both	both	CCONJ
ftr-419	495	17	p	p	X
ftr-419	495	18	's	's	PART
ftr-419	495	19	inside	inside	ADJ
ftr-419	495	20	assets	asset	NOUN
ftr-419	495	21	and	and	CCONJ
ftr-419	495	22	in	in	ADP
ftr-419	495	23	the	the	DET
ftr-419	495	24	partners	partner	NOUN
ftr-419	495	25	'	'	PART
ftr-419	495	26	partnership	partnership	NOUN
ftr-419	495	27	interests	interest	NOUN
ftr-419	495	28	.	.	PUNCT
ftr-419	496	1	the	the	DET
ftr-419	496	2	appreciation	appreciation	NOUN
ftr-419	496	3	in	in	ADP
ftr-419	496	4	the	the	DET
ftr-419	496	5	partners	partner	NOUN
ftr-419	496	6	'	'	PART
ftr-419	496	7	partnership	partnership	NOUN
ftr-419	496	8	interests	interest	NOUN
ftr-419	496	9	was	be	AUX
ftr-419	496	10	unchanged	unchanged	ADJ
ftr-419	496	11	by	by	ADP
ftr-419	496	12	the	the	DET
ftr-419	496	13	payment	payment	NOUN
ftr-419	496	14	,	,	PUNCT
ftr-419	496	15	but	but	CCONJ
ftr-419	496	16	$	$	SYM
ftr-419	496	17	15,000	15,000	NUM
ftr-419	496	18	of	of	ADP
ftr-419	496	19	p	p	PRON
ftr-419	496	20	's	's	PART
ftr-419	497	1	inside	inside	ADJ
ftr-419	497	2	appreciation	appreciation	NOUN
ftr-419	497	3	in	in	ADP
ftr-419	497	4	land	land	NOUN
ftr-419	497	5	2	2	NUM
ftr-419	497	6	was	be	AUX
ftr-419	497	7	removed	remove	VERB
ftr-419	497	8	from	from	ADP
ftr-419	497	9	p	p	NOUN
ftr-419	497	10	and	and	CCONJ
ftr-419	497	11	exists	exist	VERB
ftr-419	497	12	only	only	ADV
ftr-419	497	13	as	as	SCONJ
ftr-419	497	14	it	it	PRON
ftr-419	497	15	continues	continue	VERB
ftr-419	497	16	to	to	PART
ftr-419	497	17	be	be	AUX
ftr-419	497	18	reflected	reflect	VERB
ftr-419	497	19	in	in	ADP
ftr-419	497	20	the	the	DET
ftr-419	497	21	partners	partner	NOUN
ftr-419	497	22	'	'	PART
ftr-419	497	23	appreciation	appreciation	NOUN
ftr-419	497	24	in	in	ADP
ftr-419	497	25	their	their	PRON
ftr-419	497	26	partnership	partnership	NOUN
ftr-419	497	27	interests	interest	NOUN
ftr-419	497	28	.	.	PUNCT
ftr-419	498	1	the	the	DET
ftr-419	498	2	total	total	ADJ
ftr-419	498	3	potential	potential	ADJ
ftr-419	498	4	amount	amount	NOUN
ftr-419	498	5	of	of	ADP
ftr-419	498	6	gain	gain	NOUN
ftr-419	498	7	to	to	PART
ftr-419	498	8	be	be	AUX
ftr-419	498	9	recognized	recognize	VERB
ftr-419	498	10	was	be	AUX
ftr-419	498	11	not	not	PART
ftr-419	498	12	changed	change	VERB
ftr-419	498	13	.	.	PUNCT
ftr-419	499	1	there	there	PRON
ftr-419	499	2	was	be	VERB
ftr-419	499	3	$	$	SYM
ftr-419	499	4	30,000	30,000	NUM
ftr-419	499	5	of	of	ADP
ftr-419	499	6	potential	potential	ADJ
ftr-419	499	7	gain	gain	NOUN
ftr-419	499	8	before	before	SCONJ
ftr-419	499	9	the	the	DET
ftr-419	499	10	payment	payment	NOUN
ftr-419	499	11	was	be	AUX
ftr-419	499	12	made	make	VERB
ftr-419	499	13	,	,	PUNCT
ftr-419	499	14	and	and	CCONJ
ftr-419	499	15	the	the	DET
ftr-419	499	16	same	same	ADJ
ftr-419	499	17	amount	amount	NOUN
ftr-419	499	18	afterwards	afterwards	ADV
ftr-419	499	19	.	.	PUNCT
ftr-419	500	1	as	as	SCONJ
ftr-419	500	2	we	we	PRON
ftr-419	500	3	will	will	AUX
ftr-419	500	4	see	see	VERB
ftr-419	500	5	,	,	PUNCT
ftr-419	500	6	the	the	DET
ftr-419	500	7	payment	payment	NOUN
ftr-419	500	8	may	may	AUX
ftr-419	500	9	change	change	VERB
ftr-419	500	10	the	the	DET
ftr-419	500	11	timing	timing	NOUN
ftr-419	500	12	of	of	ADP
ftr-419	500	13	recognition	recognition	NOUN
ftr-419	500	14	and	and	CCONJ
ftr-419	500	15	the	the	DET
ftr-419	500	16	character	character	NOUN
ftr-419	500	17	of	of	ADP
ftr-419	500	18	the	the	DET
ftr-419	500	19	gain	gain	NOUN
ftr-419	500	20	in	in	ADP
ftr-419	500	21	certain	certain	ADJ
ftr-419	500	22	circumstances	circumstance	NOUN
ftr-419	500	23	.	.	PUNCT
ftr-419	501	1	giving	give	VERB
ftr-419	501	2	a	a	DET
ftr-419	501	3	a	a	DET
ftr-419	501	4	basis	basis	NOUN
ftr-419	501	5	of	of	ADP
ftr-419	501	6	$	$	SYM
ftr-419	501	7	30,000	30,000	NUM
ftr-419	501	8	in	in	ADP
ftr-419	501	9	land	land	NOUN
ftr-419	501	10	2	2	NUM
ftr-419	501	11	provides	provide	VERB
ftr-419	501	12	a	a	PRON
ftr-419	501	13	with	with	ADP
ftr-419	501	14	the	the	DET
ftr-419	501	15	same	same	ADJ
ftr-419	501	16	overall	overall	ADJ
ftr-419	501	17	amount	amount	NOUN
ftr-419	501	18	of	of	ADP
ftr-419	501	19	gain	gain	NOUN
ftr-419	501	20	that	that	SCONJ
ftr-419	501	21	he	he	PRON
ftr-419	501	22	would	would	AUX
ftr-419	501	23	have	have	AUX
ftr-419	501	24	had	have	VERB
ftr-419	501	25	if	if	SCONJ
ftr-419	501	26	p	p	NOUN
ftr-419	501	27	had	have	AUX
ftr-419	501	28	sold	sell	VERB
ftr-419	501	29	land	land	NOUN
ftr-419	501	30	2	2	NUM
ftr-419	501	31	to	to	ADP
ftr-419	501	32	a	a	DET
ftr-419	501	33	stranger	stranger	NOUN
ftr-419	501	34	and	and	CCONJ
ftr-419	501	35	then	then	ADV
ftr-419	501	36	paid	pay	VERB
ftr-419	501	37	the	the	DET
ftr-419	501	38	proceeds	proceed	NOUN
ftr-419	501	39	to	to	ADP
ftr-419	501	40	a	a	PRON
ftr-419	501	41	as	as	ADP
ftr-419	501	42	a	a	DET
ftr-419	501	43	guaranteed	guarantee	VERB
ftr-419	501	44	payment	payment	NOUN
ftr-419	501	45	.	.	PUNCT
ftr-419	502	1	in	in	ADP
ftr-419	502	2	the	the	DET
ftr-419	502	3	case	case	NOUN
ftr-419	502	4	of	of	ADP
ftr-419	502	5	a	a	DET
ftr-419	502	6	sale	sale	NOUN
ftr-419	502	7	to	to	ADP
ftr-419	502	8	a	a	DET
ftr-419	502	9	stranger	stranger	NOUN
ftr-419	502	10	,	,	PUNCT
ftr-419	502	11	p	p	PRON
ftr-419	502	12	would	would	AUX
ftr-419	502	13	recognize	recognize	VERB
ftr-419	502	14	a	a	DET
ftr-419	502	15	gain	gain	NOUN
ftr-419	502	16	of	of	ADP
ftr-419	502	17	$	$	SYM
ftr-419	502	18	15,000	15,000	NUM
ftr-419	502	19	of	of	ADP
ftr-419	502	20	which	which	PRON
ftr-419	502	21	$	$	SYM
ftr-419	502	22	5,000	5,000	NUM
ftr-419	502	23	would	would	AUX
ftr-419	502	24	be	be	AUX
ftr-419	502	25	apportioned	apportion	VERB
ftr-419	502	26	to	to	ADP
ftr-419	502	27	each	each	DET
ftr-419	502	28	partner	partner	NOUN
ftr-419	502	29	.	.	PUNCT
ftr-419	503	1	each	each	DET
ftr-419	503	2	partner	partner	NOUN
ftr-419	503	3	's	's	PART
ftr-419	503	4	outside	outside	ADJ
ftr-419	503	5	basis	basis	NOUN
ftr-419	503	6	would	would	AUX
ftr-419	503	7	be	be	AUX
ftr-419	503	8	increased	increase	VERB
ftr-419	503	9	by	by	ADP
ftr-419	503	10	$	$	SYM
ftr-419	503	11	5,000	5,000	NUM
ftr-419	503	12	,	,	PUNCT
ftr-419	503	13	but	but	CCONJ
ftr-419	503	14	his	his	PRON
ftr-419	503	15	capital	capital	NOUN
ftr-419	503	16	account	account	NOUN
ftr-419	503	17	would	would	AUX
ftr-419	503	18	not	not	PART
ftr-419	503	19	be	be	AUX
ftr-419	503	20	increased	increase	VERB
ftr-419	503	21	since	since	SCONJ
ftr-419	503	22	the	the	DET
ftr-419	503	23	appreciation	appreciation	NOUN
ftr-419	503	24	of	of	ADP
ftr-419	503	25	land	land	NOUN
ftr-419	503	26	2	2	NUM
ftr-419	503	27	was	be	AUX
ftr-419	503	28	already	already	ADV
ftr-419	503	29	reflected	reflect	VERB
ftr-419	503	30	in	in	ADP
ftr-419	503	31	that	that	DET
ftr-419	503	32	account	account	NOUN
ftr-419	503	33	.	.	PUNCT
ftr-419	504	1	the	the	DET
ftr-419	504	2	partnership	partnership	NOUN
ftr-419	504	3	would	would	AUX
ftr-419	504	4	receive	receive	VERB
ftr-419	504	5	a	a	DET
ftr-419	504	6	deduction	deduction	NOUN
ftr-419	504	7	of	of	ADP
ftr-419	504	8	$	$	SYM
ftr-419	504	9	30,000	30,000	NUM
ftr-419	504	10	for	for	ADP
ftr-419	504	11	making	make	VERB
ftr-419	504	12	the	the	DET
ftr-419	504	13	cash	cash	NOUN
ftr-419	504	14	guaranteed	guarantee	VERB
ftr-419	504	15	payment	payment	NOUN
ftr-419	504	16	to	to	ADP
ftr-419	504	17	a	a	PRON
ftr-419	504	18	of	of	ADP
ftr-419	504	19	which	which	PRON
ftr-419	504	20	$	$	SYM
ftr-419	504	21	10,000	10,000	NUM
ftr-419	504	22	would	would	AUX
ftr-419	504	23	be	be	AUX
ftr-419	504	24	apportioned	apportion	VERB
ftr-419	504	25	to	to	ADP
ftr-419	504	26	each	each	DET
ftr-419	504	27	partner	partner	NOUN
ftr-419	504	28	.	.	PUNCT
ftr-419	505	1	each	each	DET
ftr-419	505	2	partner	partner	NOUN
ftr-419	505	3	's	's	PART
ftr-419	505	4	capital	capital	NOUN
ftr-419	505	5	account	account	NOUN
ftr-419	505	6	and	and	CCONJ
ftr-419	505	7	outside	outside	ADJ
ftr-419	505	8	basis	basis	NOUN
ftr-419	505	9	would	would	AUX
ftr-419	505	10	be	be	AUX
ftr-419	505	11	reduced	reduce	VERB
ftr-419	505	12	by	by	ADP
ftr-419	505	13	$	$	SYM
ftr-419	505	14	10,000	10,000	NUM
ftr-419	505	15	for	for	ADP
ftr-419	505	16	their	their	PRON
ftr-419	505	17	share	share	NOUN
ftr-419	505	18	of	of	ADP
ftr-419	505	19	the	the	DET
ftr-419	505	20	deduction	deduction	NOUN
ftr-419	505	21	.	.	PUNCT
ftr-419	506	1	each	each	DET
ftr-419	506	2	partner	partner	NOUN
ftr-419	506	3	had	have	VERB
ftr-419	506	4	an	an	DET
ftr-419	506	5	outside	outside	ADJ
ftr-419	506	6	basis	basis	NOUN
ftr-419	506	7	of	of	ADP
ftr-419	506	8	$	$	SYM
ftr-419	506	9	20,000	20,000	NUM
ftr-419	506	10	before	before	SCONJ
ftr-419	506	11	the	the	DET
ftr-419	506	12	sale	sale	NOUN
ftr-419	506	13	took	take	VERB
ftr-419	506	14	place	place	NOUN
ftr-419	506	15	;	;	PUNCT
ftr-419	506	16	each	each	PRON
ftr-419	506	17	would	would	AUX
ftr-419	506	18	add	add	VERB
ftr-419	506	19	$	$	SYM
ftr-419	506	20	5,000	5,000	NUM
ftr-419	506	21	for	for	ADP
ftr-419	506	22	his	his	PRON
ftr-419	506	23	share	share	NOUN
ftr-419	506	24	of	of	ADP
ftr-419	506	25	the	the	DET
ftr-419	506	26	gain	gain	NOUN
ftr-419	506	27	on	on	ADP
ftr-419	506	28	the	the	DET
ftr-419	506	29	sale	sale	NOUN
ftr-419	506	30	and	and	CCONJ
ftr-419	506	31	deduct	deduct	VERB
ftr-419	506	32	$	$	SYM
ftr-419	506	33	10,000	10,000	NUM
ftr-419	506	34	for	for	ADP
ftr-419	506	35	his	his	PRON
ftr-419	506	36	share	share	NOUN
ftr-419	506	37	of	of	ADP
ftr-419	506	38	the	the	DET
ftr-419	506	39	deduction	deduction	NOUN
ftr-419	506	40	p	p	NOUN
ftr-419	506	41	obtained	obtain	VERB
ftr-419	506	42	from	from	ADP
ftr-419	506	43	making	make	VERB
ftr-419	506	44	the	the	DET
ftr-419	506	45	guaranteed	guarantee	VERB
ftr-419	506	46	payment	payment	NOUN
ftr-419	506	47	.	.	PUNCT
ftr-419	507	1	so	so	ADV
ftr-419	507	2	,	,	PUNCT
ftr-419	507	3	after	after	SCONJ
ftr-419	507	4	the	the	DET
ftr-419	507	5	guaranteed	guarantee	VERB
ftr-419	507	6	payment	payment	NOUN
ftr-419	507	7	was	be	AUX
ftr-419	507	8	made	make	VERB
ftr-419	507	9	,	,	PUNCT
ftr-419	507	10	each	each	DET
ftr-419	507	11	partner	partner	NOUN
ftr-419	507	12	would	would	AUX
ftr-419	507	13	have	have	VERB
ftr-419	507	14	an	an	DET
ftr-419	507	15	outside	outside	ADJ
ftr-419	507	16	basis	basis	NOUN
ftr-419	507	17	of	of	ADP
ftr-419	507	18	$	$	SYM
ftr-419	507	19	15,000	15,000	NUM
ftr-419	507	20	in	in	ADP
ftr-419	507	21	his	his	PRON
ftr-419	507	22	partnership	partnership	NOUN
ftr-419	507	23	interest	interest	NOUN
ftr-419	507	24	,	,	PUNCT
ftr-419	507	25	which	which	PRON
ftr-419	507	26	would	would	AUX
ftr-419	507	27	have	have	VERB
ftr-419	507	28	a	a	DET
ftr-419	507	29	value	value	NOUN
ftr-419	507	30	of	of	ADP
ftr-419	507	31	$	$	SYM
ftr-419	507	32	20,000	20,000	NUM
ftr-419	507	33	.	.	PUNCT
ftr-419	508	1	the	the	DET
ftr-419	508	2	net	net	ADJ
ftr-419	508	3	result	result	NOUN
ftr-419	508	4	for	for	ADP
ftr-419	508	5	a	a	PRON
ftr-419	508	6	is	be	AUX
ftr-419	508	7	that	that	SCONJ
ftr-419	508	8	a	a	PRON
ftr-419	508	9	would	would	AUX
ftr-419	508	10	have	have	AUX
ftr-419	508	11	recognized	recognize	VERB
ftr-419	508	12	$	$	SYM
ftr-419	508	13	5,000	5,000	NUM
ftr-419	508	14	on	on	ADP
ftr-419	508	15	p	p	NOUN
ftr-419	508	16	's	's	PART
ftr-419	508	17	sale	sale	NOUN
ftr-419	508	18	of	of	ADP
ftr-419	508	19	land	land	NOUN
ftr-419	508	20	2	2	NUM
ftr-419	508	21	and	and	CCONJ
ftr-419	508	22	another	another	DET
ftr-419	508	23	$	$	SYM
ftr-419	508	24	5,000	5,000	NUM
ftr-419	508	25	if	if	SCONJ
ftr-419	508	26	he	he	PRON
ftr-419	508	27	subsequently	subsequently	ADV
ftr-419	508	28	sells	sell	VERB
ftr-419	508	29	his	his	PRON
ftr-419	508	30	partnership	partnership	NOUN
ftr-419	508	31	interest	interest	NOUN
ftr-419	508	32	for	for	ADP
ftr-419	508	33	its	its	PRON
ftr-419	508	34	$	$	SYM
ftr-419	508	35	20,000	20,000	NUM
ftr-419	508	36	value	value	NOUN
ftr-419	508	37	.	.	PUNCT
ftr-419	509	1	thus	thus	ADV
ftr-419	509	2	,	,	PUNCT
ftr-419	509	3	a	a	PRON
ftr-419	509	4	would	would	AUX
ftr-419	509	5	have	have	VERB
ftr-419	509	6	the	the	DET
ftr-419	509	7	same	same	ADJ
ftr-419	509	8	amount	amount	NOUN
ftr-419	509	9	of	of	ADP
ftr-419	509	10	total	total	ADJ
ftr-419	509	11	income	income	NOUN
ftr-419	509	12	as	as	SCONJ
ftr-419	509	13	is	be	AUX
ftr-419	509	14	the	the	DET
ftr-419	509	15	case	case	NOUN
ftr-419	509	16	when	when	SCONJ
ftr-419	509	17	land	land	NOUN
ftr-419	509	18	2	2	NUM
ftr-419	509	19	was	be	AUX
ftr-419	509	20	paid	pay	VERB
ftr-419	509	21	to	to	ADP
ftr-419	509	22	him	he	PRON
ftr-419	509	23	as	as	ADP
ftr-419	509	24	a	a	DET
ftr-419	509	25	guaranteed	guarantee	VERB
ftr-419	509	26	payment	payment	NOUN
ftr-419	509	27	and	and	CCONJ
ftr-419	509	28	he	he	PRON
ftr-419	509	29	received	receive	VERB
ftr-419	509	30	a	a	DET
ftr-419	509	31	basis	basis	NOUN
ftr-419	509	32	equal	equal	ADJ
ftr-419	509	33	to	to	ADP
ftr-419	509	34	its	its	PRON
ftr-419	509	35	fair	fair	ADJ
ftr-419	509	36	market	market	NOUN
ftr-419	509	37	value	value	NOUN
ftr-419	509	38	.	.	PUNCT
ftr-419	510	1	similarly	similarly	ADV
ftr-419	510	2	,	,	PUNCT
ftr-419	510	3	b	b	PROPN
ftr-419	510	4	and	and	CCONJ
ftr-419	510	5	c	c	PROPN
ftr-419	510	6	would	would	AUX
ftr-419	510	7	each	each	PRON
ftr-419	510	8	continue	continue	VERB
ftr-419	510	9	to	to	PART
ftr-419	510	10	have	have	VERB
ftr-419	510	11	$	$	SYM
ftr-419	510	12	10,000	10,000	NUM
ftr-419	510	13	of	of	ADP
ftr-419	510	14	gain	gain	NOUN
ftr-419	510	15	b	b	NOUN
ftr-419	510	16	$	$	SYM
ftr-419	510	17	5,000	5,000	NUM
ftr-419	510	18	recognized	recognize	VERB
ftr-419	510	19	on	on	ADP
ftr-419	510	20	the	the	DET
ftr-419	510	21	sale	sale	NOUN
ftr-419	510	22	,	,	PUNCT
ftr-419	510	23	and	and	CCONJ
ftr-419	510	24	another	another	DET
ftr-419	510	25	potential	potential	ADJ
ftr-419	510	26	$	$	SYM
ftr-419	510	27	5,000	5,000	NUM
ftr-419	510	28	when	when	SCONJ
ftr-419	510	29	they	they	PRON
ftr-419	510	30	dispose	dispose	VERB
ftr-419	510	31	of	of	ADP
ftr-419	510	32	their	their	PRON
ftr-419	510	33	partnership	partnership	NOUN
ftr-419	510	34	interests	interest	NOUN
ftr-419	510	35	.	.	PUNCT
ftr-419	511	1	[	[	X
ftr-419	511	2	vol.6:5	vol.6:5	VERB
ftr-419	511	3	guaranteed	guarantee	VERB
ftr-419	511	4	payments	payment	NOUN
ftr-419	511	5	made	make	VERB
ftr-419	511	6	in	in	ADP
ftr-419	511	7	kind	kind	NOUN
ftr-419	511	8	by	by	ADP
ftr-419	511	9	a	a	DET
ftr-419	511	10	partnership	partnership	NOUN
ftr-419	511	11	while	while	SCONJ
ftr-419	511	12	the	the	DET
ftr-419	511	13	amount	amount	NOUN
ftr-419	511	14	of	of	ADP
ftr-419	511	15	all	all	PRON
ftr-419	511	16	of	of	ADP
ftr-419	511	17	the	the	DET
ftr-419	511	18	partners	partner	NOUN
ftr-419	511	19	'	'	PART
ftr-419	511	20	potential	potential	ADJ
ftr-419	511	21	gain	gain	NOUN
ftr-419	511	22	is	be	AUX
ftr-419	511	23	the	the	DET
ftr-419	511	24	same	same	ADJ
ftr-419	511	25	whether	whether	SCONJ
ftr-419	511	26	p	p	PROPN
ftr-419	511	27	used	use	VERB
ftr-419	511	28	land	land	NOUN
ftr-419	511	29	2	2	NUM
ftr-419	511	30	to	to	PART
ftr-419	511	31	make	make	VERB
ftr-419	511	32	the	the	DET
ftr-419	511	33	guaranteed	guarantee	VERB
ftr-419	511	34	payment	payment	NOUN
ftr-419	511	35	or	or	CCONJ
ftr-419	511	36	sold	sell	VERB
ftr-419	511	37	land	land	NOUN
ftr-419	511	38	2	2	NUM
ftr-419	511	39	and	and	CCONJ
ftr-419	511	40	paid	pay	VERB
ftr-419	511	41	the	the	DET
ftr-419	511	42	cash	cash	NOUN
ftr-419	511	43	proceeds	proceed	NOUN
ftr-419	511	44	to	to	ADP
ftr-419	511	45	a	a	PRON
ftr-419	511	46	,	,	PUNCT
ftr-419	511	47	the	the	DET
ftr-419	511	48	timing	timing	NOUN
ftr-419	511	49	of	of	ADP
ftr-419	511	50	recognition	recognition	NOUN
ftr-419	511	51	is	be	AUX
ftr-419	511	52	different	different	ADJ
ftr-419	511	53	,	,	PUNCT
ftr-419	511	54	and	and	CCONJ
ftr-419	511	55	the	the	DET
ftr-419	511	56	character	character	NOUN
ftr-419	511	57	of	of	ADP
ftr-419	511	58	the	the	DET
ftr-419	511	59	income	income	NOUN
ftr-419	511	60	could	could	AUX
ftr-419	511	61	be	be	AUX
ftr-419	511	62	different	different	ADJ
ftr-419	511	63	in	in	ADP
ftr-419	511	64	some	some	DET
ftr-419	511	65	cases	case	NOUN
ftr-419	511	66	.	.	PUNCT
ftr-419	512	1	in	in	ADP
ftr-419	512	2	the	the	DET
ftr-419	512	3	case	case	NOUN
ftr-419	512	4	of	of	ADP
ftr-419	512	5	the	the	DET
ftr-419	512	6	payment	payment	NOUN
ftr-419	512	7	of	of	ADP
ftr-419	512	8	land	land	NOUN
ftr-419	512	9	2	2	NUM
ftr-419	512	10	as	as	ADP
ftr-419	512	11	a	a	DET
ftr-419	512	12	guaranteed	guarantee	VERB
ftr-419	512	13	payment	payment	NOUN
ftr-419	512	14	,	,	PUNCT
ftr-419	512	15	neither	neither	CCONJ
ftr-419	512	16	a	a	PRON
ftr-419	512	17	nor	nor	CCONJ
ftr-419	512	18	the	the	DET
ftr-419	512	19	other	other	ADJ
ftr-419	512	20	partners	partner	NOUN
ftr-419	512	21	will	will	AUX
ftr-419	512	22	recognize	recognize	VERB
ftr-419	512	23	income	income	NOUN
ftr-419	512	24	until	until	SCONJ
ftr-419	512	25	they	they	PRON
ftr-419	512	26	dispose	dispose	VERB
ftr-419	512	27	of	of	ADP
ftr-419	512	28	their	their	PRON
ftr-419	512	29	partnership	partnership	NOUN
ftr-419	512	30	interest	interest	NOUN
ftr-419	512	31	;	;	PUNCT
ftr-419	512	32	whereas	whereas	SCONJ
ftr-419	512	33	each	each	PRON
ftr-419	512	34	would	would	AUX
ftr-419	512	35	currently	currently	ADV
ftr-419	512	36	recognize	recognize	VERB
ftr-419	512	37	$	$	SYM
ftr-419	512	38	5,000	5,000	NUM
ftr-419	512	39	of	of	ADP
ftr-419	512	40	that	that	DET
ftr-419	512	41	potential	potential	ADJ
ftr-419	512	42	gain	gain	NOUN
ftr-419	512	43	if	if	SCONJ
ftr-419	512	44	p	p	PRON
ftr-419	512	45	instead	instead	ADV
ftr-419	512	46	sold	sell	VERB
ftr-419	512	47	land	land	NOUN
ftr-419	512	48	2	2	NUM
ftr-419	512	49	.	.	PUNCT
ftr-419	512	50	perhaps	perhaps	ADV
ftr-419	512	51	that	that	DET
ftr-419	512	52	difference	difference	NOUN
ftr-419	512	53	in	in	ADP
ftr-419	512	54	the	the	DET
ftr-419	512	55	timing	timing	NOUN
ftr-419	512	56	of	of	ADP
ftr-419	512	57	recognition	recognition	NOUN
ftr-419	512	58	was	be	AUX
ftr-419	512	59	a	a	DET
ftr-419	512	60	factor	factor	NOUN
ftr-419	512	61	in	in	ADP
ftr-419	512	62	the	the	DET
ftr-419	512	63	conclusion	conclusion	NOUN
ftr-419	512	64	of	of	ADP
ftr-419	512	65	the	the	DET
ftr-419	512	66	mckee	mckee	PROPN
ftr-419	512	67	treatise	treatise	NOUN
ftr-419	512	68	that	that	PRON
ftr-419	512	69	p	p	PRON
ftr-419	512	70	should	should	AUX
ftr-419	512	71	recognize	recognize	VERB
ftr-419	512	72	gain	gain	NOUN
ftr-419	512	73	or	or	CCONJ
ftr-419	512	74	loss	loss	NOUN
ftr-419	512	75	on	on	ADP
ftr-419	512	76	making	make	VERB
ftr-419	512	77	a	a	DET
ftr-419	512	78	guaranteed	guarantee	VERB
ftr-419	512	79	payment	payment	NOUN
ftr-419	512	80	in	in	ADP
ftr-419	512	81	kind.75	kind.75	PROPN
ftr-419	512	82	but	but	CCONJ
ftr-419	512	83	,	,	PUNCT
ftr-419	512	84	congress	congress	PROPN
ftr-419	512	85	went	go	VERB
ftr-419	512	86	to	to	ADP
ftr-419	512	87	great	great	ADJ
ftr-419	512	88	lengths	length	NOUN
ftr-419	512	89	in	in	ADP
ftr-419	512	90	subchapter	subchapter	NOUN
ftr-419	512	91	k	k	PROPN
ftr-419	512	92	to	to	PART
ftr-419	512	93	prevent	prevent	VERB
ftr-419	512	94	the	the	DET
ftr-419	512	95	recognition	recognition	NOUN
ftr-419	512	96	of	of	ADP
ftr-419	512	97	income	income	NOUN
ftr-419	512	98	on	on	ADP
ftr-419	512	99	a	a	DET
ftr-419	512	100	distribution	distribution	NOUN
ftr-419	512	101	to	to	ADP
ftr-419	512	102	a	a	DET
ftr-419	512	103	partner	partner	NOUN
ftr-419	512	104	to	to	ADP
ftr-419	512	105	the	the	DET
ftr-419	512	106	extent	extent	NOUN
ftr-419	512	107	that	that	SCONJ
ftr-419	512	108	it	it	PRON
ftr-419	512	109	is	be	AUX
ftr-419	512	110	feasible	feasible	ADJ
ftr-419	512	111	to	to	PART
ftr-419	512	112	do	do	VERB
ftr-419	512	113	so	so	ADV
ftr-419	512	114	,	,	PUNCT
ftr-419	512	115	and	and	CCONJ
ftr-419	512	116	instead	instead	ADV
ftr-419	512	117	to	to	PART
ftr-419	512	118	defer	defer	VERB
ftr-419	512	119	any	any	DET
ftr-419	512	120	gain	gain	NOUN
ftr-419	512	121	or	or	CCONJ
ftr-419	512	122	loss	loss	NOUN
ftr-419	512	123	.	.	PUNCT
ftr-419	513	1	only	only	ADV
ftr-419	513	2	when	when	SCONJ
ftr-419	513	3	there	there	PRON
ftr-419	513	4	was	be	VERB
ftr-419	513	5	a	a	DET
ftr-419	513	6	potential	potential	ADJ
ftr-419	513	7	abuse	abuse	NOUN
ftr-419	513	8	,	,	PUNCT
ftr-419	513	9	the	the	DET
ftr-419	513	10	prevention	prevention	NOUN
ftr-419	513	11	of	of	ADP
ftr-419	513	12	which	which	PRON
ftr-419	513	13	congress	congress	PROPN
ftr-419	513	14	deemed	deem	VERB
ftr-419	513	15	to	to	PART
ftr-419	513	16	be	be	AUX
ftr-419	513	17	so	so	ADV
ftr-419	513	18	important	important	ADJ
ftr-419	513	19	that	that	SCONJ
ftr-419	513	20	it	it	PRON
ftr-419	513	21	warranted	warrant	VERB
ftr-419	513	22	abandoning	abandon	VERB
ftr-419	513	23	the	the	DET
ftr-419	513	24	normal	normal	ADJ
ftr-419	513	25	rule	rule	NOUN
ftr-419	513	26	of	of	ADP
ftr-419	513	27	deferral	deferral	NOUN
ftr-419	513	28	,	,	PUNCT
ftr-419	513	29	did	do	AUX
ftr-419	513	30	congress	congress	PROPN
ftr-419	513	31	impose	impose	VERB
ftr-419	513	32	recognition.76	recognition.76	PROPN
ftr-419	513	33	since	since	SCONJ
ftr-419	513	34	the	the	DET
ftr-419	513	35	nonrecognition	nonrecognition	NOUN
ftr-419	513	36	of	of	ADP
ftr-419	513	37	p	p	X
ftr-419	513	38	's	's	PART
ftr-419	513	39	gain	gain	NOUN
ftr-419	513	40	does	do	AUX
ftr-419	513	41	not	not	PART
ftr-419	513	42	pose	pose	VERB
ftr-419	513	43	a	a	DET
ftr-419	513	44	significant	significant	ADJ
ftr-419	513	45	risk	risk	NOUN
ftr-419	513	46	of	of	ADP
ftr-419	513	47	abuse	abuse	NOUN
ftr-419	513	48	,	,	PUNCT
ftr-419	513	49	"	"	PUNCT
ftr-419	513	50	the	the	DET
ftr-419	513	51	position	position	NOUN
ftr-419	513	52	adopted	adopt	VERB
ftr-419	513	53	by	by	ADP
ftr-419	513	54	the	the	DET
ftr-419	513	55	authors	author	NOUN
ftr-419	513	56	to	to	PART
ftr-419	513	57	adhere	adhere	VERB
ftr-419	513	58	to	to	ADP
ftr-419	513	59	the	the	DET
ftr-419	513	60	congressional	congressional	ADJ
ftr-419	513	61	scheme	scheme	NOUN
ftr-419	513	62	of	of	ADP
ftr-419	513	63	deferral	deferral	NOUN
ftr-419	513	64	is	be	AUX
ftr-419	513	65	appropriate	appropriate	ADJ
ftr-419	513	66	.	.	PUNCT
ftr-419	514	1	in	in	ADP
ftr-419	514	2	the	the	DET
ftr-419	514	3	examples	example	NOUN
ftr-419	514	4	above	above	ADV
ftr-419	514	5	,	,	PUNCT
ftr-419	514	6	the	the	DET
ftr-419	514	7	book	book	NOUN
ftr-419	514	8	values	value	NOUN
ftr-419	514	9	of	of	ADP
ftr-419	514	10	the	the	DET
ftr-419	514	11	assets	asset	NOUN
ftr-419	514	12	that	that	PRON
ftr-419	514	13	p	p	PROPN
ftr-419	514	14	held	hold	VERB
ftr-419	514	15	were	be	AUX
ftr-419	514	16	the	the	DET
ftr-419	514	17	same	same	ADJ
ftr-419	514	18	as	as	ADP
ftr-419	514	19	those	those	DET
ftr-419	514	20	assets	asset	NOUN
ftr-419	514	21	'	'	PART
ftr-419	514	22	fair	fair	ADJ
ftr-419	514	23	market	market	NOUN
ftr-419	514	24	values	value	NOUN
ftr-419	514	25	.	.	PUNCT
ftr-419	515	1	what	what	PRON
ftr-419	515	2	would	would	AUX
ftr-419	515	3	be	be	AUX
ftr-419	515	4	the	the	DET
ftr-419	515	5	consequence	consequence	NOUN
ftr-419	515	6	if	if	SCONJ
ftr-419	515	7	the	the	DET
ftr-419	515	8	actual	actual	ADJ
ftr-419	515	9	fair	fair	ADJ
ftr-419	515	10	market	market	NOUN
ftr-419	515	11	value	value	NOUN
ftr-419	515	12	of	of	ADP
ftr-419	515	13	the	the	DET
ftr-419	515	14	property	property	NOUN
ftr-419	515	15	used	use	VERB
ftr-419	515	16	to	to	PART
ftr-419	515	17	make	make	VERB
ftr-419	515	18	the	the	DET
ftr-419	515	19	guaranteed	guarantee	VERB
ftr-419	515	20	payment	payment	NOUN
ftr-419	515	21	were	be	AUX
ftr-419	515	22	different	different	ADJ
ftr-419	515	23	than	than	ADP
ftr-419	515	24	its	its	PRON
ftr-419	515	25	book	book	NOUN
ftr-419	515	26	value	value	NOUN
ftr-419	515	27	?	?	PUNCT
ftr-419	516	1	in	in	ADP
ftr-419	516	2	that	that	DET
ftr-419	516	3	case	case	NOUN
ftr-419	516	4	,	,	PUNCT
ftr-419	516	5	immediately	immediately	ADV
ftr-419	516	6	before	before	SCONJ
ftr-419	516	7	the	the	DET
ftr-419	516	8	payment	payment	NOUN
ftr-419	516	9	was	be	AUX
ftr-419	516	10	made	make	VERB
ftr-419	516	11	,	,	PUNCT
ftr-419	516	12	the	the	DET
ftr-419	516	13	book	book	NOUN
ftr-419	516	14	value	value	NOUN
ftr-419	516	15	of	of	ADP
ftr-419	516	16	the	the	DET
ftr-419	516	17	property	property	NOUN
ftr-419	516	18	would	would	AUX
ftr-419	516	19	be	be	AUX
ftr-419	516	20	changed	change	VERB
ftr-419	516	21	to	to	PART
ftr-419	516	22	equal	equal	VERB
ftr-419	516	23	its	its	PRON
ftr-419	516	24	fair	fair	ADJ
ftr-419	516	25	market	market	NOUN
ftr-419	516	26	value	value	NOUN
ftr-419	516	27	,	,	PUNCT
ftr-419	516	28	and	and	CCONJ
ftr-419	516	29	the	the	DET
ftr-419	516	30	amount	amount	NOUN
ftr-419	516	31	of	of	ADP
ftr-419	516	32	the	the	DET
ftr-419	516	33	change	change	NOUN
ftr-419	516	34	would	would	AUX
ftr-419	516	35	be	be	AUX
ftr-419	516	36	allocated	allocate	VERB
ftr-419	516	37	among	among	ADP
ftr-419	516	38	the	the	DET
ftr-419	516	39	partners	partner	NOUN
ftr-419	516	40	'	'	PART
ftr-419	516	41	capital	capital	NOUN
ftr-419	516	42	accounts	account	NOUN
ftr-419	516	43	in	in	ADP
ftr-419	516	44	accordance	accordance	NOUN
ftr-419	516	45	with	with	ADP
ftr-419	516	46	their	their	PRON
ftr-419	516	47	percentage	percentage	NOUN
ftr-419	516	48	interests	interest	NOUN
ftr-419	516	49	in	in	ADP
ftr-419	516	50	the	the	DET
ftr-419	516	51	partnership.7	partnership.7	NOUN
ftr-419	516	52	"	"	PUNCT
ftr-419	516	53	consequently	consequently	ADV
ftr-419	516	54	,	,	PUNCT
ftr-419	516	55	the	the	DET
ftr-419	516	56	book	book	NOUN
ftr-419	516	57	value	value	NOUN
ftr-419	516	58	of	of	ADP
ftr-419	516	59	the	the	DET
ftr-419	516	60	property	property	NOUN
ftr-419	516	61	will	will	AUX
ftr-419	516	62	always	always	ADV
ftr-419	516	63	equal	equal	VERB
ftr-419	516	64	its	its	PRON
ftr-419	516	65	fair	fair	ADJ
ftr-419	516	66	market	market	NOUN
ftr-419	516	67	value	value	NOUN
ftr-419	516	68	at	at	ADP
ftr-419	516	69	the	the	DET
ftr-419	516	70	time	time	NOUN
ftr-419	516	71	the	the	DET
ftr-419	516	72	payment	payment	NOUN
ftr-419	516	73	is	be	AUX
ftr-419	516	74	made	make	VERB
ftr-419	516	75	.	.	PUNCT
ftr-419	517	1	to	to	PART
ftr-419	517	2	illustrate	illustrate	VERB
ftr-419	517	3	how	how	SCONJ
ftr-419	517	4	this	this	DET
ftr-419	517	5	scheme	scheme	NOUN
ftr-419	517	6	operates	operate	VERB
ftr-419	517	7	,	,	PUNCT
ftr-419	517	8	let	let	VERB
ftr-419	517	9	us	we	PRON
ftr-419	517	10	reexamine	reexamine	VERB
ftr-419	517	11	the	the	DET
ftr-419	517	12	example	example	NOUN
ftr-419	517	13	above	above	ADV
ftr-419	517	14	after	after	ADP
ftr-419	517	15	changing	change	VERB
ftr-419	517	16	the	the	DET
ftr-419	517	17	facts	fact	NOUN
ftr-419	517	18	so	so	SCONJ
ftr-419	517	19	that	that	SCONJ
ftr-419	517	20	the	the	DET
ftr-419	517	21	actual	actual	ADJ
ftr-419	517	22	fair	fair	ADJ
ftr-419	517	23	market	market	NOUN
ftr-419	517	24	value	value	NOUN
ftr-419	517	25	of	of	ADP
ftr-419	517	26	land	land	NOUN
ftr-419	517	27	2	2	NUM
ftr-419	517	28	is	be	AUX
ftr-419	517	29	$	$	SYM
ftr-419	517	30	39,000	39,000	NUM
ftr-419	517	31	even	even	ADV
ftr-419	517	32	though	though	SCONJ
ftr-419	517	33	its	its	PRON
ftr-419	517	34	book	book	NOUN
ftr-419	517	35	value	value	NOUN
ftr-419	517	36	is	be	AUX
ftr-419	517	37	only	only	ADV
ftr-419	517	38	$	$	SYM
ftr-419	517	39	30,000	30,000	NUM
ftr-419	517	40	.	.	PUNCT
ftr-419	518	1	the	the	DET
ftr-419	518	2	book	book	NOUN
ftr-419	518	3	/	/	SYM
ftr-419	518	4	tax	tax	NOUN
ftr-419	518	5	balance	balance	NOUN
ftr-419	518	6	sheet	sheet	NOUN
ftr-419	518	7	,	,	PUNCT
ftr-419	518	8	prior	prior	ADV
ftr-419	518	9	to	to	ADP
ftr-419	518	10	the	the	DET
ftr-419	518	11	making	making	NOUN
ftr-419	518	12	of	of	ADP
ftr-419	518	13	the	the	DET
ftr-419	518	14	guaranteed	guarantee	VERB
ftr-419	518	15	payment	payment	NOUN
ftr-419	518	16	,	,	PUNCT
ftr-419	518	17	and	and	CCONJ
ftr-419	518	18	showing	show	VERB
ftr-419	518	19	actual	actual	ADJ
ftr-419	518	20	values	value	NOUN
ftr-419	518	21	as	as	ADV
ftr-419	518	22	well	well	ADV
ftr-419	518	23	as	as	ADP
ftr-419	518	24	book	book	NOUN
ftr-419	518	25	values	value	NOUN
ftr-419	518	26	,	,	PUNCT
ftr-419	518	27	would	would	AUX
ftr-419	518	28	be	be	AUX
ftr-419	518	29	:	:	PUNCT
ftr-419	518	30	75	75	NUM
ftr-419	518	31	.	.	PUNCT
ftr-419	519	1	mckee	mckee	PROPN
ftr-419	519	2	,	,	PUNCT
ftr-419	519	3	supra	supra	PROPN
ftr-419	519	4	note	note	NOUN
ftr-419	519	5	2	2	NUM
ftr-419	519	6	at	at	ADP
ftr-419	519	7	13.0315	13.0315	NUM
ftr-419	519	8	]	]	PUNCT
ftr-419	519	9	.	.	PUNCT
ftr-419	520	1	76	76	NUM
ftr-419	520	2	.	.	PUNCT
ftr-419	521	1	see	see	VERB
ftr-419	521	2	,	,	PUNCT
ftr-419	521	3	e.g.	e.g.	ADV
ftr-419	521	4	,	,	PUNCT
ftr-419	521	5	irc	irc	PROPN
ftr-419	521	6	§	§	PROPN
ftr-419	521	7	75	75	NUM
ftr-419	521	8	1(b	1(b	NUM
ftr-419	521	9	)	)	PUNCT
ftr-419	521	10	.	.	PUNCT
ftr-419	522	1	77	77	NUM
ftr-419	522	2	.	.	PUNCT
ftr-419	523	1	one	one	NUM
ftr-419	523	2	possible	possible	ADJ
ftr-419	523	3	area	area	NOUN
ftr-419	523	4	of	of	ADP
ftr-419	523	5	abuse	abuse	NOUN
ftr-419	523	6	was	be	AUX
ftr-419	523	7	noted	note	VERB
ftr-419	523	8	in	in	ADP
ftr-419	523	9	part	part	NOUN
ftr-419	524	1	v.b	v.b	PROPN
ftr-419	524	2	.	.	PROPN
ftr-419	525	1	if	if	SCONJ
ftr-419	525	2	a	a	DET
ftr-419	525	3	partnership	partnership	NOUN
ftr-419	525	4	were	be	AUX
ftr-419	525	5	to	to	PART
ftr-419	525	6	use	use	VERB
ftr-419	525	7	appreciated	appreciate	VERB
ftr-419	525	8	ordinary	ordinary	ADJ
ftr-419	525	9	income	income	NOUN
ftr-419	525	10	property	property	NOUN
ftr-419	525	11	to	to	PART
ftr-419	525	12	make	make	VERB
ftr-419	525	13	a	a	DET
ftr-419	525	14	guaranteed	guarantee	VERB
ftr-419	525	15	payment	payment	NOUN
ftr-419	525	16	,	,	PUNCT
ftr-419	525	17	then	then	ADV
ftr-419	525	18	the	the	DET
ftr-419	525	19	deferral	deferral	NOUN
ftr-419	525	20	of	of	ADP
ftr-419	525	21	the	the	DET
ftr-419	525	22	ordinary	ordinary	ADJ
ftr-419	525	23	income	income	NOUN
ftr-419	525	24	on	on	ADP
ftr-419	525	25	that	that	DET
ftr-419	525	26	property	property	NOUN
ftr-419	525	27	by	by	ADP
ftr-419	525	28	reflecting	reflect	VERB
ftr-419	525	29	it	it	PRON
ftr-419	525	30	in	in	ADP
ftr-419	525	31	the	the	DET
ftr-419	525	32	partners	partner	NOUN
ftr-419	525	33	'	'	PART
ftr-419	525	34	partnership	partnership	NOUN
ftr-419	525	35	interests	interest	NOUN
ftr-419	525	36	will	will	AUX
ftr-419	525	37	alter	alter	VERB
ftr-419	525	38	the	the	DET
ftr-419	525	39	character	character	NOUN
ftr-419	525	40	of	of	ADP
ftr-419	525	41	the	the	DET
ftr-419	525	42	income	income	NOUN
ftr-419	525	43	from	from	ADP
ftr-419	525	44	ordinary	ordinary	ADJ
ftr-419	525	45	to	to	ADP
ftr-419	525	46	capital	capital	NOUN
ftr-419	525	47	gain	gain	NOUN
ftr-419	525	48	.	.	PUNCT
ftr-419	526	1	as	as	SCONJ
ftr-419	526	2	stated	state	VERB
ftr-419	526	3	in	in	ADP
ftr-419	526	4	part	part	NOUN
ftr-419	526	5	v.b	v.b	PROPN
ftr-419	526	6	.	.	PROPN
ftr-419	526	7	,	,	PUNCT
ftr-419	526	8	that	that	DET
ftr-419	526	9	possibility	possibility	NOUN
ftr-419	526	10	should	should	AUX
ftr-419	526	11	be	be	AUX
ftr-419	526	12	regarded	regard	VERB
ftr-419	526	13	as	as	ADP
ftr-419	526	14	a	a	DET
ftr-419	526	15	minor	minor	ADJ
ftr-419	526	16	cost	cost	NOUN
ftr-419	526	17	of	of	ADP
ftr-419	526	18	obtaining	obtain	VERB
ftr-419	526	19	the	the	DET
ftr-419	526	20	otherwise	otherwise	ADV
ftr-419	526	21	wholly	wholly	ADV
ftr-419	526	22	desirable	desirable	ADJ
ftr-419	526	23	goal	goal	NOUN
ftr-419	526	24	of	of	ADP
ftr-419	526	25	nonrecognition	nonrecognition	NOUN
ftr-419	526	26	.	.	PUNCT
ftr-419	527	1	ordinary	ordinary	ADJ
ftr-419	527	2	income	income	NOUN
ftr-419	527	3	conversion	conversion	NOUN
ftr-419	527	4	likely	likely	ADV
ftr-419	527	5	will	will	AUX
ftr-419	527	6	occur	occur	VERB
ftr-419	527	7	infrequently	infrequently	ADV
ftr-419	527	8	and	and	CCONJ
ftr-419	527	9	is	be	AUX
ftr-419	527	10	such	such	DET
ftr-419	527	11	a	a	DET
ftr-419	527	12	minor	minor	ADJ
ftr-419	527	13	element	element	NOUN
ftr-419	527	14	of	of	ADP
ftr-419	527	15	the	the	DET
ftr-419	527	16	picture	picture	NOUN
ftr-419	527	17	,	,	PUNCT
ftr-419	527	18	it	it	PRON
ftr-419	527	19	should	should	AUX
ftr-419	527	20	not	not	PART
ftr-419	527	21	be	be	AUX
ftr-419	527	22	deemed	deem	VERB
ftr-419	527	23	to	to	PART
ftr-419	527	24	be	be	AUX
ftr-419	527	25	of	of	ADP
ftr-419	527	26	sufficient	sufficient	ADJ
ftr-419	527	27	importance	importance	NOUN
ftr-419	527	28	to	to	PART
ftr-419	527	29	warrant	warrant	VERB
ftr-419	527	30	a	a	DET
ftr-419	527	31	distortion	distortion	NOUN
ftr-419	527	32	of	of	ADP
ftr-419	527	33	what	what	PRON
ftr-419	527	34	otherwise	otherwise	ADV
ftr-419	527	35	is	be	AUX
ftr-419	527	36	the	the	DET
ftr-419	527	37	proper	proper	ADJ
ftr-419	527	38	treatment	treatment	NOUN
ftr-419	527	39	of	of	ADP
ftr-419	527	40	the	the	DET
ftr-419	527	41	transaction	transaction	NOUN
ftr-419	527	42	.	.	PUNCT
ftr-419	528	1	in	in	ADP
ftr-419	528	2	other	other	ADJ
ftr-419	528	3	words	word	NOUN
ftr-419	528	4	,	,	PUNCT
ftr-419	528	5	the	the	DET
ftr-419	528	6	tail	tail	NOUN
ftr-419	528	7	should	should	AUX
ftr-419	528	8	not	not	PART
ftr-419	528	9	wag	wag	VERB
ftr-419	528	10	the	the	DET
ftr-419	528	11	dog	dog	NOUN
ftr-419	528	12	.	.	PUNCT
ftr-419	529	1	78	78	NUM
ftr-419	529	2	.	.	PUNCT
ftr-419	530	1	see	see	VERB
ftr-419	530	2	supra	supra	PROPN
ftr-419	530	3	note	note	PROPN
ftr-419	530	4	56	56	NUM
ftr-419	530	5	and	and	CCONJ
ftr-419	530	6	accompanying	accompany	VERB
ftr-419	530	7	text	text	NOUN
ftr-419	530	8	.	.	PUNCT
ftr-419	531	1	20041	20041	NUM
ftr-419	531	2	florida	florida	PROPN
ftr-419	531	3	tax	tax	NOUN
ftr-419	531	4	review	review	NOUN
ftr-419	531	5	assets	asset	NOUN
ftr-419	531	6	liabilities	liability	NOUN
ftr-419	531	7	and	and	CCONJ
ftr-419	531	8	partners	partner	NOUN
ftr-419	531	9	'	'	PART
ftr-419	531	10	capital	capital	NOUN
ftr-419	531	11	a.b	a.b	PROPN
ftr-419	531	12	.	.	PROPN
ftr-419	531	13	book	book	NOUN
ftr-419	531	14	fmv	fmv	PROPN
ftr-419	531	15	liabilities	liability	NOUN
ftr-419	531	16	none	none	NOUN
ftr-419	531	17	cash	cash	VERB
ftr-419	531	18	$	$	SYM
ftr-419	531	19	35,000	35,000	NUM
ftr-419	531	20	$	$	SYM
ftr-419	531	21	35,000	35,000	NUM
ftr-419	531	22	$	$	SYM
ftr-419	531	23	35,000	35,000	NUM
ftr-419	531	24	partners	partner	NOUN
ftr-419	531	25	'	'	PART
ftr-419	531	26	capital	capital	NOUN
ftr-419	531	27	land	land	NOUN
ftr-419	531	28	1	1	NUM
ftr-419	531	29	$	$	SYM
ftr-419	531	30	10,000	10,000	NUM
ftr-419	531	31	$	$	SYM
ftr-419	531	32	25,000	25,000	NUM
ftr-419	531	33	$	$	SYM
ftr-419	531	34	25,000	25,000	NUM
ftr-419	531	35	a.b	a.b	PROPN
ftr-419	531	36	.	.	PROPN
ftr-419	531	37	book	book	NOUN
ftr-419	532	1	fmv	fmv	PROPN
ftr-419	532	2	land	land	VERB
ftr-419	532	3	2	2	NUM
ftr-419	532	4	$	$	SYM
ftr-419	532	5	15,000	15,000	NUM
ftr-419	533	1	$	$	SYM
ftr-419	533	2	3	3	NUM
ftr-419	533	3	9000	9000	NUM
ftr-419	533	4	$	$	SYM
ftr-419	533	5	39.000	39.000	NUM
ftr-419	533	6	a	a	DET
ftr-419	533	7	$	$	SYM
ftr-419	533	8	20,000	20,000	NUM
ftr-419	533	9	$	$	SYM
ftr-419	533	10	30,000	30,000	NUM
ftr-419	533	11	$	$	SYM
ftr-419	533	12	33,000	33,000	NUM
ftr-419	533	13	total	total	ADJ
ftr-419	533	14	$	$	SYM
ftr-419	533	15	60,000	60,000	NUM
ftr-419	533	16	$	$	SYM
ftr-419	533	17	90,000	90,000	NUM
ftr-419	533	18	$	$	SYM
ftr-419	533	19	99,000	99,000	NUM
ftr-419	533	20	b	b	NOUN
ftr-419	533	21	$	$	SYM
ftr-419	533	22	20,000	20,000	NUM
ftr-419	533	23	$	$	SYM
ftr-419	533	24	30,000	30,000	NUM
ftr-419	533	25	$	$	SYM
ftr-419	533	26	33,000	33,000	NUM
ftr-419	533	27	c	c	NOUN
ftr-419	533	28	$	$	SYM
ftr-419	533	29	20.000	20.000	NUM
ftr-419	533	30	$	$	SYM
ftr-419	533	31	30.000	30.000	NUM
ftr-419	533	32	$	$	SYM
ftr-419	533	33	33,000	33,000	NUM
ftr-419	533	34	total	total	ADJ
ftr-419	533	35	$	$	SYM
ftr-419	533	36	60,000	60,000	NUM
ftr-419	533	37	$	$	SYM
ftr-419	533	38	90,000	90,000	NUM
ftr-419	533	39	$	$	SYM
ftr-419	533	40	99,000	99,000	NUM
ftr-419	533	41	p	p	NOUN
ftr-419	533	42	gives	give	VERB
ftr-419	533	43	land	land	NOUN
ftr-419	533	44	2	2	NUM
ftr-419	533	45	to	to	ADP
ftr-419	533	46	a	a	PRON
ftr-419	533	47	as	as	ADP
ftr-419	533	48	a	a	DET
ftr-419	533	49	guaranteed	guarantee	VERB
ftr-419	533	50	payment	payment	NOUN
ftr-419	533	51	.	.	PUNCT
ftr-419	534	1	a	a	PRON
ftr-419	534	2	has	have	VERB
ftr-419	534	3	$	$	SYM
ftr-419	534	4	39,000	39,000	NUM
ftr-419	534	5	ordinary	ordinary	ADJ
ftr-419	534	6	income	income	NOUN
ftr-419	534	7	,	,	PUNCT
ftr-419	534	8	and	and	CCONJ
ftr-419	534	9	p	p	NOUN
ftr-419	534	10	is	be	AUX
ftr-419	534	11	allowed	allow	VERB
ftr-419	534	12	a	a	DET
ftr-419	534	13	deduction	deduction	NOUN
ftr-419	534	14	of	of	ADP
ftr-419	534	15	$	$	SYM
ftr-419	534	16	39,000	39,000	NUM
ftr-419	534	17	for	for	ADP
ftr-419	534	18	making	make	VERB
ftr-419	534	19	that	that	DET
ftr-419	534	20	payment	payment	NOUN
ftr-419	534	21	.	.	PUNCT
ftr-419	535	1	onethird	onethird	NOUN
ftr-419	535	2	of	of	ADP
ftr-419	535	3	the	the	DET
ftr-419	535	4	deduction	deduction	NOUN
ftr-419	535	5	(	(	PUNCT
ftr-419	535	6	$	$	SYM
ftr-419	535	7	13,000	13,000	NUM
ftr-419	535	8	)	)	PUNCT
ftr-419	535	9	is	be	AUX
ftr-419	535	10	allocated	allocate	VERB
ftr-419	535	11	to	to	ADP
ftr-419	535	12	each	each	DET
ftr-419	535	13	partner	partner	NOUN
ftr-419	535	14	and	and	CCONJ
ftr-419	535	15	will	will	AUX
ftr-419	535	16	reduce	reduce	VERB
ftr-419	535	17	each	each	DET
ftr-419	535	18	partner	partner	NOUN
ftr-419	535	19	's	's	PART
ftr-419	535	20	outside	outside	ADJ
ftr-419	535	21	basis	basis	NOUN
ftr-419	535	22	and	and	CCONJ
ftr-419	535	23	capital	capital	NOUN
ftr-419	535	24	account	account	NOUN
ftr-419	535	25	.	.	PUNCT
ftr-419	536	1	immediately	immediately	ADV
ftr-419	536	2	prior	prior	ADV
ftr-419	536	3	to	to	ADP
ftr-419	536	4	the	the	DET
ftr-419	536	5	payment	payment	NOUN
ftr-419	536	6	,	,	PUNCT
ftr-419	536	7	the	the	DET
ftr-419	536	8	book	book	NOUN
ftr-419	536	9	value	value	NOUN
ftr-419	536	10	of	of	ADP
ftr-419	536	11	land	land	NOUN
ftr-419	536	12	2	2	NUM
ftr-419	536	13	will	will	AUX
ftr-419	536	14	be	be	AUX
ftr-419	536	15	increased	increase	VERB
ftr-419	536	16	to	to	ADP
ftr-419	536	17	$	$	SYM
ftr-419	536	18	39,000	39,000	NUM
ftr-419	536	19	;	;	PUNCT
ftr-419	536	20	and	and	CCONJ
ftr-419	536	21	one	one	NUM
ftr-419	536	22	-	-	PUNCT
ftr-419	536	23	third	third	NOUN
ftr-419	536	24	of	of	ADP
ftr-419	536	25	the	the	DET
ftr-419	536	26	$	$	SYM
ftr-419	536	27	9,000	9,000	NUM
ftr-419	536	28	increase	increase	NOUN
ftr-419	536	29	in	in	ADP
ftr-419	536	30	book	book	NOUN
ftr-419	536	31	value	value	NOUN
ftr-419	536	32	(	(	PUNCT
ftr-419	536	33	$	$	SYM
ftr-419	536	34	3,000	3,000	NUM
ftr-419	536	35	)	)	PUNCT
ftr-419	536	36	will	will	AUX
ftr-419	536	37	be	be	AUX
ftr-419	536	38	allocated	allocate	VERB
ftr-419	536	39	to	to	ADP
ftr-419	536	40	each	each	DET
ftr-419	536	41	partner	partner	NOUN
ftr-419	536	42	's	's	PART
ftr-419	536	43	capital	capital	NOUN
ftr-419	536	44	account	account	NOUN
ftr-419	536	45	.	.	PUNCT
ftr-419	537	1	before	before	ADP
ftr-419	537	2	taking	take	VERB
ftr-419	537	3	into	into	ADP
ftr-419	537	4	account	account	NOUN
ftr-419	537	5	the	the	DET
ftr-419	537	6	actual	actual	ADJ
ftr-419	537	7	making	making	NOUN
ftr-419	537	8	of	of	ADP
ftr-419	537	9	the	the	DET
ftr-419	537	10	guaranteed	guarantee	VERB
ftr-419	537	11	payment	payment	NOUN
ftr-419	537	12	and	and	CCONJ
ftr-419	537	13	the	the	DET
ftr-419	537	14	resulting	result	VERB
ftr-419	537	15	deduction	deduction	NOUN
ftr-419	537	16	allowed	allow	VERB
ftr-419	537	17	to	to	ADP
ftr-419	537	18	p	p	PRON
ftr-419	537	19	,	,	PUNCT
ftr-419	537	20	the	the	DET
ftr-419	537	21	book	book	NOUN
ftr-419	537	22	/	/	SYM
ftr-419	537	23	tax	tax	NOUN
ftr-419	537	24	balance	balance	NOUN
ftr-419	537	25	sheet	sheet	NOUN
ftr-419	537	26	for	for	ADP
ftr-419	537	27	p	p	PROPN
ftr-419	537	28	would	would	AUX
ftr-419	537	29	be	be	AUX
ftr-419	537	30	:	:	PUNCT
ftr-419	537	31	assets	asset	NOUN
ftr-419	537	32	liabilities	liability	NOUN
ftr-419	537	33	and	and	CCONJ
ftr-419	537	34	partners	partner	NOUN
ftr-419	537	35	'	'	PART
ftr-419	537	36	capital	capital	NOUN
ftr-419	537	37	a.b	a.b	PROPN
ftr-419	537	38	.	.	PROPN
ftr-419	537	39	book	book	NOUN
ftr-419	537	40	fmv	fmv	PROPN
ftr-419	537	41	liabilities	liability	NOUN
ftr-419	537	42	none	none	NOUN
ftr-419	537	43	cash	cash	VERB
ftr-419	537	44	$	$	SYM
ftr-419	537	45	35,000	35,000	NUM
ftr-419	537	46	$	$	SYM
ftr-419	537	47	35,000	35,000	NUM
ftr-419	537	48	$	$	SYM
ftr-419	537	49	35,000	35,000	NUM
ftr-419	537	50	partners	partner	NOUN
ftr-419	537	51	'	'	PART
ftr-419	537	52	capital	capital	NOUN
ftr-419	537	53	land	land	NOUN
ftr-419	537	54	1	1	NUM
ftr-419	537	55	$	$	SYM
ftr-419	537	56	10,000	10,000	NUM
ftr-419	537	57	$	$	SYM
ftr-419	537	58	25,000	25,000	NUM
ftr-419	537	59	$	$	SYM
ftr-419	537	60	25,000	25,000	NUM
ftr-419	537	61	a.b	a.b	PROPN
ftr-419	537	62	.	.	PROPN
ftr-419	537	63	book	book	NOUN
ftr-419	538	1	fmv	fmv	PROPN
ftr-419	538	2	land	land	VERB
ftr-419	538	3	2	2	NUM
ftr-419	538	4	$	$	SYM
ftr-419	538	5	15.000	15.000	NUM
ftr-419	538	6	$	$	SYM
ftr-419	538	7	30.000	30.000	NUM
ftr-419	538	8	$	$	SYM
ftr-419	538	9	39,000	39,000	NUM
ftr-419	538	10	a	a	DET
ftr-419	538	11	$	$	SYM
ftr-419	538	12	20,000	20,000	NUM
ftr-419	538	13	$	$	SYM
ftr-419	538	14	33,000	33,000	NUM
ftr-419	538	15	$	$	SYM
ftr-419	538	16	33,000	33,000	NUM
ftr-419	538	17	total	total	ADJ
ftr-419	538	18	$	$	SYM
ftr-419	538	19	60,000	60,000	NUM
ftr-419	538	20	$	$	SYM
ftr-419	538	21	99,000	99,000	NUM
ftr-419	538	22	$	$	SYM
ftr-419	538	23	99,000	99,000	NUM
ftr-419	538	24	b	b	NOUN
ftr-419	538	25	$	$	SYM
ftr-419	538	26	20,000	20,000	NUM
ftr-419	538	27	$	$	SYM
ftr-419	538	28	33,000	33,000	NUM
ftr-419	538	29	$	$	SYM
ftr-419	538	30	33,000	33,000	NUM
ftr-419	538	31	c	c	NOUN
ftr-419	538	32	$	$	SYM
ftr-419	538	33	20.000	20.000	NUM
ftr-419	538	34	$	$	SYM
ftr-419	538	35	33.000	33.000	NUM
ftr-419	538	36	$	$	SYM
ftr-419	538	37	33,000	33,000	NUM
ftr-419	538	38	total	total	ADJ
ftr-419	538	39	$	$	SYM
ftr-419	538	40	60,000	60,000	NUM
ftr-419	538	41	$	$	SYM
ftr-419	538	42	99,000	99,000	NUM
ftr-419	538	43	$	$	SYM
ftr-419	538	44	99,000	99,000	NUM
ftr-419	538	45	the	the	DET
ftr-419	538	46	balance	balance	NOUN
ftr-419	538	47	sheet	sheet	NOUN
ftr-419	538	48	shows	show	VERB
ftr-419	538	49	that	that	SCONJ
ftr-419	538	50	each	each	DET
ftr-419	538	51	partner	partner	NOUN
ftr-419	538	52	has	have	VERB
ftr-419	538	53	$	$	SYM
ftr-419	538	54	13,000	13,000	NUM
ftr-419	538	55	of	of	ADP
ftr-419	538	56	appreciation	appreciation	NOUN
ftr-419	538	57	in	in	ADP
ftr-419	538	58	their	their	PRON
ftr-419	538	59	partnership	partnership	NOUN
ftr-419	538	60	interest	interest	NOUN
ftr-419	538	61	.	.	PUNCT
ftr-419	539	1	this	this	PRON
ftr-419	539	2	is	be	AUX
ftr-419	539	3	the	the	DET
ftr-419	539	4	actual	actual	ADJ
ftr-419	539	5	amount	amount	NOUN
ftr-419	539	6	of	of	ADP
ftr-419	539	7	their	their	PRON
ftr-419	539	8	appreciation	appreciation	NOUN
ftr-419	539	9	since	since	SCONJ
ftr-419	539	10	the	the	DET
ftr-419	539	11	book	book	NOUN
ftr-419	539	12	value	value	NOUN
ftr-419	539	13	of	of	ADP
ftr-419	539	14	land	land	NOUN
ftr-419	539	15	2	2	NUM
ftr-419	539	16	now	now	ADV
ftr-419	539	17	equals	equal	VERB
ftr-419	539	18	its	its	PRON
ftr-419	539	19	actual	actual	ADJ
ftr-419	539	20	value	value	NOUN
ftr-419	539	21	.	.	PUNCT
ftr-419	540	1	if	if	SCONJ
ftr-419	540	2	land	land	NOUN
ftr-419	540	3	1	1	NUM
ftr-419	540	4	also	also	ADV
ftr-419	540	5	had	have	VERB
ftr-419	540	6	a	a	DET
ftr-419	540	7	different	different	ADJ
ftr-419	540	8	value	value	NOUN
ftr-419	540	9	than	than	ADP
ftr-419	540	10	its	its	PRON
ftr-419	540	11	book	book	NOUN
ftr-419	540	12	,	,	PUNCT
ftr-419	540	13	that	that	DET
ftr-419	540	14	difference	difference	NOUN
ftr-419	540	15	will	will	AUX
ftr-419	540	16	not	not	PART
ftr-419	540	17	be	be	AUX
ftr-419	540	18	reflected	reflect	VERB
ftr-419	540	19	in	in	ADP
ftr-419	540	20	the	the	DET
ftr-419	540	21	partners	partner	NOUN
ftr-419	540	22	'	'	PART
ftr-419	540	23	capital	capital	NOUN
ftr-419	540	24	accounts	account	NOUN
ftr-419	540	25	until	until	SCONJ
ftr-419	540	26	the	the	DET
ftr-419	540	27	item	item	NOUN
ftr-419	540	28	is	be	AUX
ftr-419	540	29	sold	sell	VERB
ftr-419	540	30	or	or	CCONJ
ftr-419	540	31	some	some	DET
ftr-419	540	32	event	event	NOUN
ftr-419	540	33	occurs	occur	VERB
ftr-419	540	34	to	to	PART
ftr-419	540	35	permit	permit	VERB
ftr-419	540	36	a	a	DET
ftr-419	540	37	change	change	NOUN
ftr-419	540	38	of	of	ADP
ftr-419	540	39	its	its	PRON
ftr-419	540	40	book	book	NOUN
ftr-419	540	41	value	value	NOUN
ftr-419	540	42	.	.	PUNCT
ftr-419	541	1	p	p	NOUN
ftr-419	541	2	now	now	ADV
ftr-419	541	3	makes	make	VERB
ftr-419	541	4	the	the	DET
ftr-419	541	5	payment	payment	NOUN
ftr-419	541	6	of	of	ADP
ftr-419	541	7	land	land	NOUN
ftr-419	541	8	2	2	NUM
ftr-419	541	9	to	to	PART
ftr-419	541	10	a.	a.	VERB
ftr-419	541	11	the	the	DET
ftr-419	541	12	$	$	SYM
ftr-419	541	13	39,000	39,000	NUM
ftr-419	541	14	deduction	deduction	NOUN
ftr-419	541	15	allowed	allow	VERB
ftr-419	541	16	to	to	ADP
ftr-419	541	17	p	p	PROPN
ftr-419	541	18	is	be	AUX
ftr-419	541	19	allocated	allocate	VERB
ftr-419	541	20	among	among	ADP
ftr-419	541	21	the	the	DET
ftr-419	541	22	three	three	NUM
ftr-419	541	23	partners	partner	NOUN
ftr-419	541	24	,	,	PUNCT
ftr-419	541	25	and	and	CCONJ
ftr-419	541	26	each	each	DET
ftr-419	541	27	partner	partner	NOUN
ftr-419	541	28	reduces	reduce	VERB
ftr-419	541	29	his	his	PRON
ftr-419	541	30	outside	outside	ADJ
ftr-419	541	31	basis	basis	NOUN
ftr-419	541	32	and	and	CCONJ
ftr-419	541	33	his	his	PRON
ftr-419	541	34	capital	capital	NOUN
ftr-419	541	35	account	account	VERB
ftr-419	541	36	by	by	ADP
ftr-419	541	37	$	$	SYM
ftr-419	541	38	13,000	13,000	NUM
ftr-419	541	39	(	(	PUNCT
ftr-419	541	40	one	one	NUM
ftr-419	541	41	-	-	PUNCT
ftr-419	541	42	third	third	NOUN
ftr-419	541	43	of	of	ADP
ftr-419	541	44	the	the	DET
ftr-419	541	45	deduction	deduction	NOUN
ftr-419	541	46	)	)	PUNCT
ftr-419	541	47	.	.	PUNCT
ftr-419	542	1	consequently	consequently	ADV
ftr-419	542	2	,	,	PUNCT
ftr-419	542	3	each	each	DET
ftr-419	542	4	partner	partner	NOUN
ftr-419	542	5	has	have	VERB
ftr-419	542	6	an	an	DET
ftr-419	542	7	outside	outside	ADJ
ftr-419	542	8	basis	basis	NOUN
ftr-419	542	9	of	of	ADP
ftr-419	542	10	$	$	SYM
ftr-419	542	11	7,000	7,000	NUM
ftr-419	542	12	,	,	PUNCT
ftr-419	542	13	and	and	CCONJ
ftr-419	542	14	a	a	DET
ftr-419	542	15	capital	capital	NOUN
ftr-419	542	16	account	account	NOUN
ftr-419	542	17	of	of	ADP
ftr-419	542	18	$	$	SYM
ftr-419	542	19	20,000	20,000	NUM
ftr-419	542	20	.	.	PUNCT
ftr-419	543	1	the	the	DET
ftr-419	543	2	$	$	SYM
ftr-419	543	3	13,000	13,000	NUM
ftr-419	543	4	of	of	ADP
ftr-419	543	5	appreciation	appreciation	NOUN
ftr-419	543	6	that	that	PRON
ftr-419	543	7	each	each	DET
ftr-419	543	8	partner	partner	NOUN
ftr-419	543	9	had	have	VERB
ftr-419	543	10	in	in	ADP
ftr-419	543	11	his	his	PRON
ftr-419	543	12	partnership	partnership	NOUN
ftr-419	543	13	interest	interest	NOUN
ftr-419	543	14	was	be	AUX
ftr-419	543	15	not	not	PART
ftr-419	543	16	changed	change	VERB
ftr-419	543	17	by	by	ADP
ftr-419	543	18	the	the	DET
ftr-419	543	19	payment	payment	NOUN
ftr-419	543	20	of	of	ADP
ftr-419	543	21	the	the	DET
ftr-419	543	22	guaranteed	guarantee	VERB
ftr-419	543	23	payment	payment	NOUN
ftr-419	543	24	.	.	PUNCT
ftr-419	544	1	each	each	DET
ftr-419	544	2	partner	partner	NOUN
ftr-419	544	3	continues	continue	VERB
ftr-419	544	4	to	to	PART
ftr-419	544	5	have	have	VERB
ftr-419	544	6	the	the	DET
ftr-419	544	7	same	same	ADJ
ftr-419	544	8	$	$	SYM
ftr-419	544	9	13,000	13,000	NUM
ftr-419	544	10	potential	potential	ADJ
ftr-419	544	11	gain	gain	NOUN
ftr-419	544	12	that	that	PRON
ftr-419	544	13	he	he	PRON
ftr-419	544	14	had	have	VERB
ftr-419	544	15	before	before	SCONJ
ftr-419	544	16	the	the	DET
ftr-419	544	17	payment	payment	NOUN
ftr-419	544	18	was	be	AUX
ftr-419	544	19	made	make	VERB
ftr-419	544	20	.	.	PUNCT
ftr-419	545	1	after	after	ADP
ftr-419	545	2	the	the	DET
ftr-419	545	3	payment	payment	NOUN
ftr-419	545	4	,	,	PUNCT
ftr-419	545	5	p	p	PRON
ftr-419	545	6	's	's	PART
ftr-419	545	7	balance	balance	NOUN
ftr-419	545	8	sheet	sheet	NOUN
ftr-419	545	9	would	would	AUX
ftr-419	545	10	be	be	AUX
ftr-419	545	11	:	:	PUNCT
ftr-419	545	12	[	[	X
ftr-419	545	13	vol6:5	vol6:5	NOUN
ftr-419	545	14	guaranteed	guarantee	VERB
ftr-419	545	15	payments	payment	NOUN
ftr-419	545	16	made	make	VERB
ftr-419	545	17	in	in	ADP
ftr-419	545	18	kind	kind	NOUN
ftr-419	545	19	by	by	ADP
ftr-419	545	20	a	a	DET
ftr-419	545	21	partnership	partnership	NOUN
ftr-419	545	22	assets	asset	NOUN
ftr-419	545	23	liabilities	liability	NOUN
ftr-419	545	24	and	and	CCONJ
ftr-419	545	25	partners	partner	NOUN
ftr-419	545	26	'	'	PART
ftr-419	545	27	capital	capital	NOUN
ftr-419	545	28	a.b	a.b	PROPN
ftr-419	545	29	.	.	PROPN
ftr-419	545	30	book	book	NOUN
ftr-419	545	31	liabilities	liability	NOUN
ftr-419	545	32	none	none	NOUN
ftr-419	545	33	cash	cash	VERB
ftr-419	545	34	$	$	SYM
ftr-419	545	35	35,000	35,000	NUM
ftr-419	545	36	$	$	SYM
ftr-419	545	37	35,000	35,000	NUM
ftr-419	545	38	partners	partner	NOUN
ftr-419	545	39	'	'	PART
ftr-419	545	40	capital	capital	NOUN
ftr-419	545	41	land	land	NOUN
ftr-419	545	42	1	1	NUM
ftr-419	545	43	$	$	SYM
ftr-419	545	44	10.000	10.000	NUM
ftr-419	545	45	$	$	SYM
ftr-419	545	46	25.000	25.000	NUM
ftr-419	545	47	a.b	a.b	NOUN
ftr-419	545	48	.	.	PROPN
ftr-419	545	49	book	book	NOUN
ftr-419	545	50	total	total	VERB
ftr-419	545	51	$	$	SYM
ftr-419	545	52	45,000	45,000	NUM
ftr-419	545	53	$	$	SYM
ftr-419	545	54	60,000	60,000	NUM
ftr-419	545	55	a	a	DET
ftr-419	545	56	$	$	SYM
ftr-419	545	57	7,000	7,000	NUM
ftr-419	545	58	$	$	SYM
ftr-419	545	59	20,000	20,000	NUM
ftr-419	545	60	b	b	NOUN
ftr-419	545	61	$	$	SYM
ftr-419	545	62	7,000	7,000	NUM
ftr-419	545	63	$	$	SYM
ftr-419	545	64	20,000	20,000	NUM
ftr-419	545	65	c	c	NOUN
ftr-419	545	66	$	$	SYM
ftr-419	545	67	7.000	7.000	NUM
ftr-419	545	68	$	$	SYM
ftr-419	545	69	20,000	20,000	NUM
ftr-419	545	70	total	total	ADJ
ftr-419	545	71	$	$	SYM
ftr-419	545	72	21,000	21,000	NUM
ftr-419	545	73	$	$	SYM
ftr-419	545	74	60,000	60,000	NUM
ftr-419	545	75	if	if	SCONJ
ftr-419	545	76	p	p	PRON
ftr-419	545	77	then	then	ADV
ftr-419	545	78	sold	sell	VERB
ftr-419	545	79	land	land	NOUN
ftr-419	545	80	1	1	NUM
ftr-419	545	81	for	for	ADP
ftr-419	545	82	its	its	PRON
ftr-419	545	83	$	$	SYM
ftr-419	545	84	25,000	25,000	NUM
ftr-419	545	85	value	value	NOUN
ftr-419	545	86	,	,	PUNCT
ftr-419	545	87	each	each	DET
ftr-419	545	88	partner	partner	NOUN
ftr-419	545	89	would	would	AUX
ftr-419	545	90	recognize	recognize	VERB
ftr-419	545	91	a	a	DET
ftr-419	545	92	$	$	SYM
ftr-419	545	93	5,000	5,000	NUM
ftr-419	545	94	gain	gain	NOUN
ftr-419	545	95	and	and	CCONJ
ftr-419	545	96	would	would	AUX
ftr-419	545	97	increase	increase	VERB
ftr-419	545	98	his	his	PRON
ftr-419	545	99	outside	outside	ADJ
ftr-419	545	100	basis	basis	NOUN
ftr-419	545	101	by	by	ADP
ftr-419	545	102	that	that	DET
ftr-419	545	103	amount	amount	NOUN
ftr-419	545	104	.	.	PUNCT
ftr-419	546	1	if	if	SCONJ
ftr-419	546	2	a	a	DET
ftr-419	546	3	partner	partner	NOUN
ftr-419	546	4	then	then	ADV
ftr-419	546	5	sold	sell	VERB
ftr-419	546	6	his	his	PRON
ftr-419	546	7	partnership	partnership	NOUN
ftr-419	546	8	interest	interest	NOUN
ftr-419	546	9	for	for	ADP
ftr-419	546	10	its	its	PRON
ftr-419	546	11	$	$	SYM
ftr-419	546	12	20,000	20,000	NUM
ftr-419	546	13	value	value	NOUN
ftr-419	546	14	,	,	PUNCT
ftr-419	546	15	he	he	PRON
ftr-419	546	16	would	would	AUX
ftr-419	546	17	have	have	VERB
ftr-419	546	18	a	a	DET
ftr-419	546	19	gain	gain	NOUN
ftr-419	546	20	of	of	ADP
ftr-419	546	21	$	$	SYM
ftr-419	546	22	8,000	8,000	NUM
ftr-419	546	23	.	.	PUNCT
ftr-419	547	1	the	the	DET
ftr-419	547	2	partner	partner	NOUN
ftr-419	547	3	's	's	PART
ftr-419	547	4	total	total	ADJ
ftr-419	547	5	gain	gain	NOUN
ftr-419	547	6	would	would	AUX
ftr-419	547	7	be	be	AUX
ftr-419	547	8	$	$	SYM
ftr-419	547	9	13,000	13,000	NUM
ftr-419	547	10	(	(	PUNCT
ftr-419	547	11	$	$	SYM
ftr-419	547	12	5,000	5,000	NUM
ftr-419	547	13	from	from	ADP
ftr-419	547	14	p	p	NOUN
ftr-419	547	15	's	's	PART
ftr-419	547	16	sale	sale	NOUN
ftr-419	547	17	of	of	ADP
ftr-419	547	18	land	land	NOUN
ftr-419	547	19	1	1	NUM
ftr-419	547	20	and	and	CCONJ
ftr-419	547	21	$	$	SYM
ftr-419	547	22	8,000	8,000	NUM
ftr-419	547	23	from	from	ADP
ftr-419	547	24	the	the	DET
ftr-419	547	25	sale	sale	NOUN
ftr-419	547	26	of	of	ADP
ftr-419	547	27	his	his	PRON
ftr-419	547	28	partnership	partnership	NOUN
ftr-419	547	29	interest	interest	NOUN
ftr-419	547	30	)	)	PUNCT
ftr-419	547	31	.	.	PUNCT
ftr-419	548	1	let	let	VERB
ftr-419	548	2	us	we	PRON
ftr-419	548	3	turn	turn	VERB
ftr-419	548	4	to	to	ADP
ftr-419	548	5	the	the	DET
ftr-419	548	6	situation	situation	NOUN
ftr-419	548	7	where	where	SCONJ
ftr-419	548	8	a	a	DET
ftr-419	548	9	partner	partner	NOUN
ftr-419	548	10	's	's	PART
ftr-419	548	11	outside	outside	ADJ
ftr-419	548	12	basis	basis	NOUN
ftr-419	548	13	does	do	AUX
ftr-419	548	14	not	not	PART
ftr-419	548	15	correspond	correspond	VERB
ftr-419	548	16	with	with	ADP
ftr-419	548	17	the	the	DET
ftr-419	548	18	partnership	partnership	NOUN
ftr-419	548	19	's	's	PART
ftr-419	548	20	inside	inside	ADJ
ftr-419	548	21	basis	basis	NOUN
ftr-419	548	22	.	.	PUNCT
ftr-419	549	1	one	one	NUM
ftr-419	549	2	circumstance	circumstance	NOUN
ftr-419	549	3	in	in	ADP
ftr-419	549	4	which	which	PRON
ftr-419	549	5	that	that	PRON
ftr-419	549	6	can	can	AUX
ftr-419	549	7	occur	occur	VERB
ftr-419	549	8	is	be	AUX
ftr-419	549	9	when	when	SCONJ
ftr-419	549	10	a	a	DET
ftr-419	549	11	person	person	NOUN
ftr-419	549	12	purchased	purchase	VERB
ftr-419	549	13	a	a	DET
ftr-419	549	14	partnership	partnership	NOUN
ftr-419	549	15	interest	interest	NOUN
ftr-419	549	16	from	from	ADP
ftr-419	549	17	a	a	DET
ftr-419	549	18	former	former	ADJ
ftr-419	549	19	partner	partner	NOUN
ftr-419	549	20	or	or	CCONJ
ftr-419	549	21	inherited	inherit	VERB
ftr-419	549	22	a	a	DET
ftr-419	549	23	partnership	partnership	NOUN
ftr-419	549	24	interest.79	interest.79	NOUN
ftr-419	549	25	in	in	ADP
ftr-419	549	26	those	those	DET
ftr-419	549	27	circumstances	circumstance	NOUN
ftr-419	549	28	,	,	PUNCT
ftr-419	549	29	the	the	DET
ftr-419	549	30	new	new	ADJ
ftr-419	549	31	partner	partner	NOUN
ftr-419	549	32	's	's	PART
ftr-419	549	33	outside	outside	ADJ
ftr-419	549	34	basis	basis	NOUN
ftr-419	549	35	will	will	AUX
ftr-419	549	36	equal	equal	VERB
ftr-419	549	37	what	what	PRON
ftr-419	549	38	the	the	DET
ftr-419	549	39	partner	partner	NOUN
ftr-419	549	40	paid	pay	VERB
ftr-419	549	41	for	for	ADP
ftr-419	549	42	it	it	PRON
ftr-419	549	43	or	or	CCONJ
ftr-419	549	44	,	,	PUNCT
ftr-419	549	45	in	in	ADP
ftr-419	549	46	the	the	DET
ftr-419	549	47	case	case	NOUN
ftr-419	549	48	of	of	ADP
ftr-419	549	49	an	an	DET
ftr-419	549	50	inheritance	inheritance	NOUN
ftr-419	549	51	,	,	PUNCT
ftr-419	549	52	will	will	AUX
ftr-419	549	53	be	be	AUX
ftr-419	549	54	the	the	DET
ftr-419	549	55	basis	basis	NOUN
ftr-419	549	56	determined	determine	VERB
ftr-419	549	57	by	by	ADP
ftr-419	549	58	section	section	NOUN
ftr-419	549	59	1014	1014	NUM
ftr-419	549	60	.	.	PUNCT
ftr-419	550	1	consider	consider	VERB
ftr-419	550	2	again	again	ADV
ftr-419	550	3	the	the	DET
ftr-419	550	4	facts	fact	NOUN
ftr-419	550	5	of	of	ADP
ftr-419	550	6	the	the	DET
ftr-419	550	7	p	p	PROPN
ftr-419	550	8	partnership	partnership	NOUN
ftr-419	550	9	that	that	PRON
ftr-419	550	10	are	be	AUX
ftr-419	550	11	discussed	discuss	VERB
ftr-419	550	12	above	above	ADV
ftr-419	550	13	with	with	ADP
ftr-419	550	14	the	the	DET
ftr-419	550	15	changes	change	NOUN
ftr-419	550	16	that	that	PRON
ftr-419	550	17	:	:	PUNCT
ftr-419	550	18	(	(	PUNCT
ftr-419	550	19	1	1	X
ftr-419	550	20	)	)	PUNCT
ftr-419	550	21	before	before	SCONJ
ftr-419	550	22	the	the	DET
ftr-419	550	23	guaranteed	guarantee	VERB
ftr-419	550	24	payment	payment	NOUN
ftr-419	550	25	was	be	AUX
ftr-419	550	26	made	make	VERB
ftr-419	550	27	,	,	PUNCT
ftr-419	550	28	d	d	PROPN
ftr-419	550	29	had	have	AUX
ftr-419	550	30	purchased	purchase	VERB
ftr-419	550	31	a	a	DET
ftr-419	550	32	's	's	PART
ftr-419	550	33	partnership	partnership	NOUN
ftr-419	550	34	interest	interest	NOUN
ftr-419	550	35	for	for	ADP
ftr-419	550	36	$	$	SYM
ftr-419	550	37	30,000	30,000	NUM
ftr-419	550	38	,	,	PUNCT
ftr-419	550	39	and	and	CCONJ
ftr-419	550	40	(	(	PUNCT
ftr-419	550	41	2	2	X
ftr-419	550	42	)	)	PUNCT
ftr-419	550	43	the	the	DET
ftr-419	550	44	guaranteed	guarantee	VERB
ftr-419	550	45	payment	payment	NOUN
ftr-419	550	46	of	of	ADP
ftr-419	550	47	land	land	NOUN
ftr-419	550	48	2	2	NUM
ftr-419	550	49	was	be	AUX
ftr-419	550	50	made	make	VERB
ftr-419	550	51	to	to	ADP
ftr-419	550	52	d	d	VERB
ftr-419	550	53	for	for	ADP
ftr-419	550	54	her	her	PRON
ftr-419	550	55	services	service	NOUN
ftr-419	550	56	.	.	PUNCT
ftr-419	551	1	before	before	SCONJ
ftr-419	551	2	the	the	DET
ftr-419	551	3	guaranteed	guarantee	VERB
ftr-419	551	4	payment	payment	NOUN
ftr-419	551	5	was	be	AUX
ftr-419	551	6	made	make	VERB
ftr-419	551	7	,	,	PUNCT
ftr-419	551	8	the	the	DET
ftr-419	551	9	book	book	NOUN
ftr-419	551	10	/	/	SYM
ftr-419	551	11	tax	tax	NOUN
ftr-419	551	12	balance	balance	NOUN
ftr-419	551	13	sheet	sheet	NOUN
ftr-419	551	14	for	for	ADP
ftr-419	551	15	p	p	PROPN
ftr-419	551	16	was	be	AUX
ftr-419	551	17	as	as	SCONJ
ftr-419	551	18	follows	follow	VERB
ftr-419	551	19	.	.	PUNCT
ftr-419	552	1	assets	asset	NOUN
ftr-419	552	2	liabilities	liability	NOUN
ftr-419	552	3	and	and	CCONJ
ftr-419	552	4	partners	partner	NOUN
ftr-419	552	5	'	'	PART
ftr-419	552	6	capital	capital	NOUN
ftr-419	552	7	a.b	a.b	PROPN
ftr-419	552	8	.	.	PROPN
ftr-419	552	9	book	book	NOUN
ftr-419	552	10	liabilities	liability	NOUN
ftr-419	552	11	none	none	NOUN
ftr-419	552	12	cash	cash	VERB
ftr-419	552	13	$	$	SYM
ftr-419	552	14	35,000	35,000	NUM
ftr-419	552	15	$	$	SYM
ftr-419	552	16	35,000	35,000	NUM
ftr-419	552	17	partners	partner	NOUN
ftr-419	552	18	'	'	PART
ftr-419	552	19	capital	capital	NOUN
ftr-419	552	20	land	land	NOUN
ftr-419	552	21	1	1	NUM
ftr-419	552	22	$	$	SYM
ftr-419	552	23	10,000	10,000	NUM
ftr-419	552	24	$	$	SYM
ftr-419	552	25	25,000	25,000	NUM
ftr-419	552	26	a.b	a.b	PROPN
ftr-419	552	27	.	.	PROPN
ftr-419	552	28	book	book	NOUN
ftr-419	552	29	land	land	NOUN
ftr-419	552	30	2	2	NUM
ftr-419	552	31	$	$	SYM
ftr-419	552	32	15.000	15.000	NUM
ftr-419	552	33	$	$	SYM
ftr-419	552	34	30,000	30,000	NUM
ftr-419	552	35	d	d	NOUN
ftr-419	552	36	$	$	SYM
ftr-419	552	37	30,000	30,000	NUM
ftr-419	552	38	$	$	SYM
ftr-419	552	39	30,000	30,000	NUM
ftr-419	552	40	total	total	NOUN
ftr-419	552	41	$	$	SYM
ftr-419	552	42	60,000	60,000	NUM
ftr-419	552	43	$	$	SYM
ftr-419	552	44	90,000	90,000	NUM
ftr-419	552	45	b	b	NOUN
ftr-419	552	46	$	$	SYM
ftr-419	552	47	20,000	20,000	NUM
ftr-419	552	48	$	$	SYM
ftr-419	552	49	30,000	30,000	NUM
ftr-419	552	50	c	c	NOUN
ftr-419	552	51	$	$	SYM
ftr-419	552	52	20,000	20,000	NUM
ftr-419	552	53	$	$	SYM
ftr-419	552	54	30.000	30.000	NUM
ftr-419	552	55	total	total	NOUN
ftr-419	552	56	$	$	SYM
ftr-419	552	57	70,000	70,000	NUM
ftr-419	552	58	$	$	SYM
ftr-419	552	59	90,000	90,000	NUM
ftr-419	552	60	the	the	DET
ftr-419	552	61	disparity	disparity	NOUN
ftr-419	552	62	between	between	ADP
ftr-419	552	63	d	d	PROPN
ftr-419	552	64	's	's	PART
ftr-419	552	65	$	$	SYM
ftr-419	552	66	30,000	30,000	NUM
ftr-419	552	67	outside	outside	ADP
ftr-419	552	68	basis	basis	NOUN
ftr-419	552	69	and	and	CCONJ
ftr-419	552	70	her	her	PRON
ftr-419	552	71	$	$	SYM
ftr-419	552	72	20,000	20,000	NUM
ftr-419	552	73	share	share	NOUN
ftr-419	552	74	of	of	ADP
ftr-419	552	75	p	p	PRON
ftr-419	552	76	's	's	PART
ftr-419	552	77	inside	inside	ADJ
ftr-419	552	78	basis	basis	NOUN
ftr-419	552	79	would	would	AUX
ftr-419	552	80	be	be	AUX
ftr-419	552	81	cured	cure	VERB
ftr-419	552	82	if	if	SCONJ
ftr-419	552	83	a	a	DET
ftr-419	552	84	section	section	NOUN
ftr-419	552	85	754	754	NUM
ftr-419	552	86	election	election	NOUN
ftr-419	552	87	were	be	AUX
ftr-419	552	88	in	in	ADP
ftr-419	552	89	effect	effect	NOUN
ftr-419	552	90	,	,	PUNCT
ftr-419	552	91	but	but	CCONJ
ftr-419	552	92	no	no	DET
ftr-419	552	93	election	election	NOUN
ftr-419	552	94	has	have	AUX
ftr-419	552	95	been	be	AUX
ftr-419	552	96	made	make	VERB
ftr-419	552	97	.	.	PUNCT
ftr-419	553	1	this	this	PRON
ftr-419	553	2	is	be	AUX
ftr-419	553	3	one	one	NUM
ftr-419	553	4	of	of	ADP
ftr-419	553	5	the	the	DET
ftr-419	553	6	circumstances	circumstance	NOUN
ftr-419	553	7	where	where	SCONJ
ftr-419	553	8	a	a	DET
ftr-419	553	9	glitch	glitch	NOUN
ftr-419	553	10	in	in	ADP
ftr-419	553	11	subchapter	subchapter	NOUN
ftr-419	553	12	k	k	PROPN
ftr-419	553	13	arises	arise	VERB
ftr-419	553	14	.	.	PUNCT
ftr-419	554	1	if	if	SCONJ
ftr-419	554	2	p	p	PROPN
ftr-419	554	3	were	be	AUX
ftr-419	554	4	to	to	PART
ftr-419	554	5	sell	sell	VERB
ftr-419	554	6	land	land	NOUN
ftr-419	554	7	2	2	NUM
ftr-419	554	8	for	for	ADP
ftr-419	554	9	its	its	PRON
ftr-419	554	10	value	value	NOUN
ftr-419	554	11	of	of	ADP
ftr-419	554	12	$	$	SYM
ftr-419	554	13	30,000	30,000	NUM
ftr-419	554	14	,	,	PUNCT
ftr-419	554	15	each	each	DET
ftr-419	554	16	partner	partner	NOUN
ftr-419	554	17	,	,	PUNCT
ftr-419	554	18	including	include	VERB
ftr-419	554	19	d	d	PROPN
ftr-419	554	20	,	,	PUNCT
ftr-419	554	21	would	would	AUX
ftr-419	554	22	recognize	recognize	VERB
ftr-419	554	23	one	one	NUM
ftr-419	554	24	-	-	PUNCT
ftr-419	554	25	third	third	NOUN
ftr-419	554	26	of	of	ADP
ftr-419	554	27	the	the	DET
ftr-419	554	28	$	$	SYM
ftr-419	554	29	15,000	15,000	NUM
ftr-419	554	30	gain	gain	NOUN
ftr-419	554	31	that	that	PRON
ftr-419	554	32	p	p	PROPN
ftr-419	554	33	had	have	VERB
ftr-419	554	34	.	.	PUNCT
ftr-419	555	1	but	but	CCONJ
ftr-419	555	2	,	,	PUNCT
ftr-419	555	3	of	of	ADP
ftr-419	555	4	the	the	DET
ftr-419	555	5	$	$	SYM
ftr-419	555	6	30,000	30,000	NUM
ftr-419	555	7	that	that	PRON
ftr-419	555	8	d	d	NOUN
ftr-419	555	9	paid	pay	VERB
ftr-419	555	10	for	for	ADP
ftr-419	555	11	the	the	DET
ftr-419	555	12	partnership	partnership	NOUN
ftr-419	555	13	interest	interest	NOUN
ftr-419	555	14	,	,	PUNCT
ftr-419	555	15	$	$	SYM
ftr-419	555	16	10,000	10,000	NUM
ftr-419	555	17	was	be	AUX
ftr-419	555	18	paid	pay	VERB
ftr-419	555	19	79	79	NUM
ftr-419	555	20	.	.	PUNCT
ftr-419	556	1	see	see	VERB
ftr-419	556	2	supra	supra	PROPN
ftr-419	556	3	note	note	PROPN
ftr-419	556	4	71	71	NUM
ftr-419	556	5	.	.	PUNCT
ftr-419	557	1	20041	20041	NUM
ftr-419	558	1	florida	florida	PROPN
ftr-419	558	2	tax	tax	NOUN
ftr-419	558	3	review	review	NOUN
ftr-419	558	4	for	for	ADP
ftr-419	558	5	her	her	PRON
ftr-419	558	6	one	one	NUM
ftr-419	558	7	-	-	PUNCT
ftr-419	558	8	third	third	NOUN
ftr-419	558	9	share	share	NOUN
ftr-419	558	10	of	of	ADP
ftr-419	558	11	land	land	NOUN
ftr-419	558	12	2	2	NUM
ftr-419	558	13	;	;	PUNCT
ftr-419	558	14	and	and	CCONJ
ftr-419	558	15	so	so	ADV
ftr-419	558	16	d	d	NOUN
ftr-419	558	17	should	should	AUX
ftr-419	558	18	have	have	VERB
ftr-419	558	19	no	no	DET
ftr-419	558	20	gain	gain	NOUN
ftr-419	558	21	when	when	SCONJ
ftr-419	558	22	p	p	PRON
ftr-419	558	23	sold	sell	VERB
ftr-419	558	24	the	the	DET
ftr-419	558	25	land	land	NOUN
ftr-419	558	26	.	.	PUNCT
ftr-419	559	1	if	if	SCONJ
ftr-419	559	2	a	a	DET
ftr-419	559	3	section	section	NOUN
ftr-419	559	4	754	754	NUM
ftr-419	559	5	election	election	NOUN
ftr-419	559	6	were	be	AUX
ftr-419	559	7	in	in	ADP
ftr-419	559	8	effect	effect	NOUN
ftr-419	559	9	,	,	PUNCT
ftr-419	559	10	d	d	NOUN
ftr-419	559	11	would	would	AUX
ftr-419	559	12	not	not	PART
ftr-419	559	13	have	have	VERB
ftr-419	559	14	a	a	DET
ftr-419	559	15	gain	gain	NOUN
ftr-419	559	16	from	from	ADP
ftr-419	559	17	p	p	NOUN
ftr-419	559	18	's	's	PART
ftr-419	559	19	sale	sale	NOUN
ftr-419	559	20	;	;	PUNCT
ftr-419	559	21	but	but	CCONJ
ftr-419	559	22	no	no	DET
ftr-419	559	23	election	election	NOUN
ftr-419	559	24	was	be	AUX
ftr-419	559	25	made	make	VERB
ftr-419	559	26	.	.	PUNCT
ftr-419	560	1	instead	instead	ADV
ftr-419	560	2	of	of	ADP
ftr-419	560	3	selling	sell	VERB
ftr-419	560	4	land	land	NOUN
ftr-419	560	5	2	2	NUM
ftr-419	560	6	,	,	PUNCT
ftr-419	560	7	p	p	PROPN
ftr-419	560	8	gave	give	VERB
ftr-419	560	9	it	it	PRON
ftr-419	560	10	to	to	ADP
ftr-419	560	11	d	d	PROPN
ftr-419	560	12	as	as	ADP
ftr-419	560	13	a	a	DET
ftr-419	560	14	guaranteed	guarantee	VERB
ftr-419	560	15	payment	payment	NOUN
ftr-419	560	16	for	for	ADP
ftr-419	560	17	services	service	NOUN
ftr-419	560	18	.	.	PUNCT
ftr-419	561	1	following	follow	VERB
ftr-419	561	2	the	the	DET
ftr-419	561	3	conclusions	conclusion	NOUN
ftr-419	561	4	described	describe	VERB
ftr-419	561	5	above	above	ADV
ftr-419	561	6	,	,	PUNCT
ftr-419	561	7	p	p	NOUN
ftr-419	561	8	will	will	AUX
ftr-419	561	9	not	not	PART
ftr-419	561	10	recognize	recognize	VERB
ftr-419	561	11	any	any	DET
ftr-419	561	12	gain	gain	NOUN
ftr-419	561	13	;	;	PUNCT
ftr-419	561	14	and	and	CCONJ
ftr-419	561	15	d	d	NOUN
ftr-419	561	16	will	will	AUX
ftr-419	561	17	take	take	VERB
ftr-419	561	18	a	a	DET
ftr-419	561	19	basis	basis	NOUN
ftr-419	561	20	of	of	ADP
ftr-419	561	21	$	$	SYM
ftr-419	561	22	30,000	30,000	NUM
ftr-419	561	23	in	in	ADP
ftr-419	561	24	land	land	NOUN
ftr-419	561	25	2	2	NUM
ftr-419	561	26	.	.	PUNCT
ftr-419	562	1	d	d	NOUN
ftr-419	562	2	's	's	PART
ftr-419	562	3	outside	outside	ADJ
ftr-419	562	4	basis	basis	NOUN
ftr-419	562	5	will	will	AUX
ftr-419	562	6	be	be	AUX
ftr-419	562	7	reduced	reduce	VERB
ftr-419	562	8	by	by	ADP
ftr-419	562	9	her	her	PRON
ftr-419	562	10	one	one	NUM
ftr-419	562	11	-	-	PUNCT
ftr-419	562	12	third	third	NOUN
ftr-419	562	13	share	share	NOUN
ftr-419	562	14	of	of	ADP
ftr-419	562	15	p	p	X
ftr-419	562	16	's	's	PART
ftr-419	562	17	$	$	SYM
ftr-419	562	18	30,000	30,000	NUM
ftr-419	562	19	deduction	deduction	NOUN
ftr-419	562	20	to	to	ADP
ftr-419	562	21	$	$	SYM
ftr-419	562	22	20,000	20,000	NUM
ftr-419	562	23	,	,	PUNCT
ftr-419	562	24	which	which	PRON
ftr-419	562	25	also	also	ADV
ftr-419	562	26	is	be	AUX
ftr-419	562	27	the	the	DET
ftr-419	562	28	value	value	NOUN
ftr-419	562	29	of	of	ADP
ftr-419	562	30	her	her	PRON
ftr-419	562	31	one	one	NUM
ftr-419	562	32	-	-	PUNCT
ftr-419	562	33	third	third	NOUN
ftr-419	562	34	share	share	NOUN
ftr-419	562	35	of	of	ADP
ftr-419	562	36	the	the	DET
ftr-419	562	37	partnership	partnership	NOUN
ftr-419	562	38	after	after	ADP
ftr-419	562	39	land	land	NOUN
ftr-419	562	40	2	2	NUM
ftr-419	562	41	was	be	AUX
ftr-419	562	42	removed	remove	VERB
ftr-419	562	43	from	from	ADP
ftr-419	562	44	the	the	DET
ftr-419	562	45	partnership	partnership	NOUN
ftr-419	562	46	's	's	PART
ftr-419	562	47	assets	asset	NOUN
ftr-419	562	48	.	.	PUNCT
ftr-419	563	1	thus	thus	ADV
ftr-419	563	2	,	,	PUNCT
ftr-419	563	3	d	d	PROPN
ftr-419	563	4	will	will	AUX
ftr-419	563	5	have	have	VERB
ftr-419	563	6	no	no	DET
ftr-419	563	7	appreciation	appreciation	NOUN
ftr-419	563	8	either	either	CCONJ
ftr-419	563	9	in	in	ADP
ftr-419	563	10	land	land	NOUN
ftr-419	563	11	2	2	NUM
ftr-419	563	12	or	or	CCONJ
ftr-419	563	13	in	in	ADP
ftr-419	563	14	her	her	PRON
ftr-419	563	15	partnership	partnership	NOUN
ftr-419	563	16	interest	interest	NOUN
ftr-419	563	17	.	.	PUNCT
ftr-419	564	1	that	that	PRON
ftr-419	564	2	is	be	AUX
ftr-419	564	3	the	the	DET
ftr-419	564	4	proper	proper	ADJ
ftr-419	564	5	result	result	NOUN
ftr-419	564	6	since	since	SCONJ
ftr-419	564	7	d	d	PROPN
ftr-419	564	8	had	have	VERB
ftr-419	564	9	no	no	DET
ftr-419	564	10	appreciation	appreciation	NOUN
ftr-419	564	11	in	in	ADP
ftr-419	564	12	her	her	PRON
ftr-419	564	13	partnership	partnership	NOUN
ftr-419	564	14	interest	interest	NOUN
ftr-419	564	15	before	before	ADP
ftr-419	564	16	receiving	receive	VERB
ftr-419	564	17	the	the	DET
ftr-419	564	18	payment	payment	NOUN
ftr-419	564	19	and	and	CCONJ
ftr-419	564	20	would	would	AUX
ftr-419	564	21	have	have	AUX
ftr-419	564	22	recognized	recognize	VERB
ftr-419	564	23	a	a	DET
ftr-419	564	24	gain	gain	NOUN
ftr-419	564	25	from	from	ADP
ftr-419	564	26	a	a	DET
ftr-419	564	27	sale	sale	NOUN
ftr-419	564	28	of	of	ADP
ftr-419	564	29	the	the	DET
ftr-419	564	30	land	land	NOUN
ftr-419	564	31	by	by	ADP
ftr-419	564	32	p	p	NOUN
ftr-419	564	33	only	only	ADV
ftr-419	564	34	because	because	SCONJ
ftr-419	564	35	of	of	ADP
ftr-419	564	36	a	a	DET
ftr-419	564	37	glitch	glitch	NOUN
ftr-419	564	38	in	in	ADP
ftr-419	564	39	the	the	DET
ftr-419	564	40	tax	tax	NOUN
ftr-419	564	41	law	law	NOUN
ftr-419	564	42	.	.	PUNCT
ftr-419	565	1	there	there	PRON
ftr-419	565	2	is	be	VERB
ftr-419	565	3	no	no	DET
ftr-419	565	4	reason	reason	NOUN
ftr-419	565	5	to	to	PART
ftr-419	565	6	feel	feel	VERB
ftr-419	565	7	aggrieved	aggrieved	ADJ
ftr-419	565	8	when	when	SCONJ
ftr-419	565	9	that	that	DET
ftr-419	565	10	glitch	glitch	NOUN
ftr-419	565	11	is	be	AUX
ftr-419	565	12	avoided	avoid	VERB
ftr-419	565	13	by	by	ADP
ftr-419	565	14	p	p	PRON
ftr-419	565	15	's	be	AUX
ftr-419	565	16	having	having	AUX
ftr-419	565	17	used	use	VERB
ftr-419	565	18	land	land	NOUN
ftr-419	565	19	2	2	NUM
ftr-419	565	20	to	to	PART
ftr-419	565	21	make	make	VERB
ftr-419	565	22	the	the	DET
ftr-419	565	23	guaranteed	guarantee	VERB
ftr-419	565	24	payment	payment	NOUN
ftr-419	565	25	.	.	PUNCT
ftr-419	566	1	the	the	DET
ftr-419	566	2	nonrecognition	nonrecognition	NOUN
ftr-419	566	3	of	of	ADP
ftr-419	566	4	p	p	X
ftr-419	566	5	's	's	PART
ftr-419	566	6	gain	gain	NOUN
ftr-419	566	7	on	on	ADP
ftr-419	566	8	giving	give	VERB
ftr-419	566	9	land	land	NOUN
ftr-419	566	10	2	2	NUM
ftr-419	566	11	to	to	ADP
ftr-419	566	12	d	d	NOUN
ftr-419	566	13	means	mean	VERB
ftr-419	566	14	that	that	SCONJ
ftr-419	566	15	b	b	NOUN
ftr-419	566	16	and	and	CCONJ
ftr-419	566	17	c	c	PROPN
ftr-419	566	18	will	will	AUX
ftr-419	566	19	not	not	PART
ftr-419	566	20	recognize	recognize	VERB
ftr-419	566	21	income	income	NOUN
ftr-419	566	22	at	at	ADP
ftr-419	566	23	that	that	DET
ftr-419	566	24	time	time	NOUN
ftr-419	566	25	.	.	PUNCT
ftr-419	567	1	will	will	AUX
ftr-419	567	2	each	each	DET
ftr-419	567	3	's	's	PART
ftr-419	567	4	$	$	SYM
ftr-419	567	5	5,000	5,000	NUM
ftr-419	567	6	share	share	NOUN
ftr-419	567	7	of	of	ADP
ftr-419	567	8	p	p	PRON
ftr-419	567	9	's	's	PART
ftr-419	567	10	realized	realize	VERB
ftr-419	567	11	gain	gain	NOUN
ftr-419	567	12	ever	ever	ADV
ftr-419	567	13	be	be	AUX
ftr-419	567	14	recognized	recognize	VERB
ftr-419	567	15	?	?	PUNCT
ftr-419	568	1	the	the	DET
ftr-419	568	2	answer	answer	NOUN
ftr-419	568	3	is	be	AUX
ftr-419	568	4	that	that	SCONJ
ftr-419	568	5	their	their	PRON
ftr-419	568	6	share	share	NOUN
ftr-419	568	7	of	of	ADP
ftr-419	568	8	the	the	DET
ftr-419	568	9	appreciation	appreciation	NOUN
ftr-419	568	10	of	of	ADP
ftr-419	568	11	p	p	X
ftr-419	568	12	's	's	PART
ftr-419	568	13	properties	property	NOUN
ftr-419	568	14	is	be	AUX
ftr-419	568	15	reflected	reflect	VERB
ftr-419	568	16	in	in	ADP
ftr-419	568	17	the	the	DET
ftr-419	568	18	appreciation	appreciation	NOUN
ftr-419	568	19	of	of	ADP
ftr-419	568	20	their	their	PRON
ftr-419	568	21	partnership	partnership	NOUN
ftr-419	568	22	interest	interest	NOUN
ftr-419	568	23	,	,	PUNCT
ftr-419	568	24	and	and	CCONJ
ftr-419	568	25	so	so	ADV
ftr-419	568	26	the	the	DET
ftr-419	568	27	deferred	defer	VERB
ftr-419	568	28	gain	gain	NOUN
ftr-419	568	29	will	will	AUX
ftr-419	568	30	be	be	AUX
ftr-419	568	31	recognized	recognize	VERB
ftr-419	568	32	when	when	SCONJ
ftr-419	568	33	they	they	PRON
ftr-419	568	34	sell	sell	VERB
ftr-419	568	35	their	their	PRON
ftr-419	568	36	partnership	partnership	NOUN
ftr-419	568	37	interest	interest	NOUN
ftr-419	568	38	.	.	PUNCT
ftr-419	569	1	take	take	VERB
ftr-419	569	2	b	b	NOUN
ftr-419	569	3	's	's	PART
ftr-419	569	4	situation	situation	NOUN
ftr-419	569	5	for	for	ADP
ftr-419	569	6	example	example	NOUN
ftr-419	569	7	.	.	PUNCT
ftr-419	570	1	b	b	NOUN
ftr-419	570	2	had	have	VERB
ftr-419	570	3	appreciation	appreciation	NOUN
ftr-419	570	4	of	of	ADP
ftr-419	570	5	$	$	SYM
ftr-419	570	6	10,000	10,000	NUM
ftr-419	570	7	in	in	ADP
ftr-419	570	8	his	his	PRON
ftr-419	570	9	partnership	partnership	NOUN
ftr-419	570	10	interest	interest	NOUN
ftr-419	570	11	before	before	SCONJ
ftr-419	570	12	the	the	DET
ftr-419	570	13	guaranteed	guarantee	VERB
ftr-419	570	14	payment	payment	NOUN
ftr-419	570	15	was	be	AUX
ftr-419	570	16	made	make	VERB
ftr-419	570	17	(	(	PUNCT
ftr-419	570	18	$	$	SYM
ftr-419	570	19	30,000	30,000	NUM
ftr-419	570	20	book	book	NOUN
ftr-419	570	21	value	value	NOUN
ftr-419	570	22	minus	minus	CCONJ
ftr-419	570	23	his	his	PRON
ftr-419	570	24	$	$	SYM
ftr-419	570	25	20,000	20,000	NUM
ftr-419	570	26	outside	outside	ADP
ftr-419	570	27	basis	basis	NOUN
ftr-419	570	28	)	)	PUNCT
ftr-419	570	29	.	.	PUNCT
ftr-419	571	1	p	p	PRON
ftr-419	571	2	's	's	PART
ftr-419	571	3	delivery	delivery	NOUN
ftr-419	571	4	of	of	ADP
ftr-419	571	5	land	land	NOUN
ftr-419	571	6	2	2	NUM
ftr-419	571	7	to	to	ADP
ftr-419	571	8	d	d	PROPN
ftr-419	571	9	as	as	ADP
ftr-419	571	10	a	a	DET
ftr-419	571	11	guaranteed	guarantee	VERB
ftr-419	571	12	payment	payment	NOUN
ftr-419	571	13	does	do	AUX
ftr-419	571	14	not	not	PART
ftr-419	571	15	relieve	relieve	VERB
ftr-419	571	16	b	b	PROPN
ftr-419	571	17	of	of	ADP
ftr-419	571	18	any	any	PRON
ftr-419	571	19	of	of	ADP
ftr-419	571	20	his	his	PRON
ftr-419	571	21	potential	potential	ADJ
ftr-419	571	22	gain	gain	NOUN
ftr-419	571	23	.	.	PUNCT
ftr-419	572	1	b	b	NOUN
ftr-419	572	2	's	's	PART
ftr-419	572	3	outside	outside	ADJ
ftr-419	572	4	basis	basis	NOUN
ftr-419	572	5	of	of	ADP
ftr-419	572	6	$	$	SYM
ftr-419	572	7	20,000	20,000	NUM
ftr-419	572	8	is	be	AUX
ftr-419	572	9	decreased	decrease	VERB
ftr-419	572	10	by	by	ADP
ftr-419	572	11	his	his	PRON
ftr-419	572	12	$	$	SYM
ftr-419	572	13	10,000	10,000	NUM
ftr-419	572	14	share	share	NOUN
ftr-419	572	15	of	of	ADP
ftr-419	572	16	the	the	DET
ftr-419	572	17	$	$	SYM
ftr-419	572	18	30,000	30,000	NUM
ftr-419	572	19	deduction	deduction	NOUN
ftr-419	572	20	that	that	PRON
ftr-419	572	21	p	p	PROPN
ftr-419	572	22	obtained	obtain	VERB
ftr-419	572	23	from	from	ADP
ftr-419	572	24	making	make	VERB
ftr-419	572	25	the	the	DET
ftr-419	572	26	guaranteed	guarantee	VERB
ftr-419	572	27	payment	payment	NOUN
ftr-419	572	28	,	,	PUNCT
ftr-419	572	29	and	and	CCONJ
ftr-419	572	30	b	b	NOUN
ftr-419	572	31	's	's	PART
ftr-419	572	32	capital	capital	NOUN
ftr-419	572	33	account	account	NOUN
ftr-419	572	34	is	be	AUX
ftr-419	572	35	reduced	reduce	VERB
ftr-419	572	36	by	by	ADP
ftr-419	572	37	the	the	DET
ftr-419	572	38	same	same	ADJ
ftr-419	572	39	amount	amount	NOUN
ftr-419	572	40	.	.	PUNCT
ftr-419	573	1	b	b	NOUN
ftr-419	573	2	then	then	ADV
ftr-419	573	3	has	have	VERB
ftr-419	573	4	an	an	DET
ftr-419	573	5	outside	outside	ADJ
ftr-419	573	6	basis	basis	NOUN
ftr-419	573	7	of	of	ADP
ftr-419	573	8	$	$	SYM
ftr-419	573	9	10,000	10,000	NUM
ftr-419	573	10	,	,	PUNCT
ftr-419	573	11	and	and	CCONJ
ftr-419	573	12	the	the	DET
ftr-419	573	13	value	value	NOUN
ftr-419	573	14	of	of	ADP
ftr-419	573	15	his	his	PRON
ftr-419	573	16	partnership	partnership	NOUN
ftr-419	573	17	interest	interest	NOUN
ftr-419	573	18	(	(	PUNCT
ftr-419	573	19	i.e.	i.e.	X
ftr-419	573	20	,	,	PUNCT
ftr-419	573	21	his	his	PRON
ftr-419	573	22	capital	capital	NOUN
ftr-419	573	23	account	account	NOUN
ftr-419	573	24	)	)	PUNCT
ftr-419	573	25	is	be	AUX
ftr-419	573	26	reduced	reduce	VERB
ftr-419	573	27	to	to	ADP
ftr-419	573	28	$	$	SYM
ftr-419	573	29	20,000	20,000	NUM
ftr-419	573	30	.	.	PUNCT
ftr-419	574	1	consequently	consequently	ADV
ftr-419	574	2	,	,	PUNCT
ftr-419	574	3	b	b	PROPN
ftr-419	574	4	continues	continue	VERB
ftr-419	574	5	to	to	PART
ftr-419	574	6	have	have	VERB
ftr-419	574	7	a	a	DET
ftr-419	574	8	potential	potential	ADJ
ftr-419	574	9	gain	gain	NOUN
ftr-419	574	10	of	of	ADP
ftr-419	574	11	$	$	SYM
ftr-419	574	12	10,000	10,000	NUM
ftr-419	574	13	.	.	PUNCT
ftr-419	575	1	vi	vi	AUX
ftr-419	575	2	.	.	PUNCT
ftr-419	575	3	liquidating	liquidating	NOUN
ftr-419	575	4	distributions	distribution	NOUN
ftr-419	575	5	the	the	DET
ftr-419	575	6	same	same	ADJ
ftr-419	575	7	reasons	reason	NOUN
ftr-419	575	8	that	that	PRON
ftr-419	575	9	are	be	AUX
ftr-419	575	10	described	describe	VERB
ftr-419	575	11	above	above	ADV
ftr-419	575	12	for	for	ADP
ftr-419	575	13	providing	provide	VERB
ftr-419	575	14	nonrecognition	nonrecognition	NOUN
ftr-419	575	15	to	to	ADP
ftr-419	575	16	the	the	DET
ftr-419	575	17	partnership	partnership	NOUN
ftr-419	575	18	for	for	ADP
ftr-419	575	19	making	make	VERB
ftr-419	575	20	operating	operate	VERB
ftr-419	575	21	guaranteed	guarantee	VERB
ftr-419	575	22	payments	payment	NOUN
ftr-419	575	23	in	in	ADP
ftr-419	575	24	kind	kind	NOUN
ftr-419	575	25	and	and	CCONJ
ftr-419	575	26	providing	provide	VERB
ftr-419	575	27	the	the	DET
ftr-419	575	28	service	service	NOUN
ftr-419	575	29	partner	partner	NOUN
ftr-419	575	30	with	with	ADP
ftr-419	575	31	a	a	DET
ftr-419	575	32	basis	basis	NOUN
ftr-419	575	33	in	in	ADP
ftr-419	575	34	the	the	DET
ftr-419	575	35	property	property	NOUN
ftr-419	575	36	equal	equal	ADJ
ftr-419	575	37	to	to	ADP
ftr-419	575	38	its	its	PRON
ftr-419	575	39	fair	fair	ADJ
ftr-419	575	40	market	market	NOUN
ftr-419	575	41	value	value	NOUN
ftr-419	575	42	apply	apply	VERB
ftr-419	575	43	equally	equally	ADV
ftr-419	575	44	to	to	ADP
ftr-419	575	45	guaranteed	guarantee	VERB
ftr-419	575	46	payments	payment	NOUN
ftr-419	575	47	made	make	VERB
ftr-419	575	48	in	in	ADP
ftr-419	575	49	kind	kind	NOUN
ftr-419	575	50	in	in	ADP
ftr-419	575	51	conjunction	conjunction	NOUN
ftr-419	575	52	with	with	ADP
ftr-419	575	53	a	a	DET
ftr-419	575	54	liquidating	liquidate	VERB
ftr-419	575	55	distribution	distribution	NOUN
ftr-419	575	56	(	(	PUNCT
ftr-419	575	57	i.e.	i.e.	X
ftr-419	575	58	,	,	PUNCT
ftr-419	575	59	a	a	DET
ftr-419	575	60	distribution	distribution	NOUN
ftr-419	575	61	in	in	ADP
ftr-419	575	62	liquidation	liquidation	NOUN
ftr-419	575	63	of	of	ADP
ftr-419	575	64	a	a	DET
ftr-419	575	65	partner	partner	NOUN
ftr-419	575	66	's	's	PART
ftr-419	575	67	interest	interest	NOUN
ftr-419	575	68	in	in	ADP
ftr-419	575	69	the	the	DET
ftr-419	575	70	partnership	partnership	NOUN
ftr-419	575	71	)	)	PUNCT
ftr-419	575	72	.	.	PUNCT
ftr-419	576	1	guaranteed	guarantee	VERB
ftr-419	576	2	payments	payment	NOUN
ftr-419	576	3	in	in	ADP
ftr-419	576	4	kind	kind	NOUN
ftr-419	576	5	will	will	AUX
ftr-419	576	6	occur	occur	VERB
ftr-419	576	7	far	far	ADV
ftr-419	576	8	more	more	ADV
ftr-419	576	9	frequently	frequently	ADV
ftr-419	576	10	in	in	ADP
ftr-419	576	11	connection	connection	NOUN
ftr-419	576	12	with	with	ADP
ftr-419	576	13	a	a	DET
ftr-419	576	14	liquidation	liquidation	NOUN
ftr-419	576	15	of	of	ADP
ftr-419	576	16	a	a	DET
ftr-419	576	17	partner	partner	NOUN
ftr-419	576	18	's	's	PART
ftr-419	576	19	partnership	partnership	NOUN
ftr-419	576	20	interest	interest	NOUN
ftr-419	576	21	than	than	ADP
ftr-419	576	22	in	in	ADP
ftr-419	576	23	the	the	DET
ftr-419	576	24	context	context	NOUN
ftr-419	576	25	of	of	ADP
ftr-419	576	26	an	an	DET
ftr-419	576	27	operating	operating	NOUN
ftr-419	576	28	payment	payment	NOUN
ftr-419	576	29	.	.	PUNCT
ftr-419	577	1	this	this	PRON
ftr-419	577	2	is	be	AUX
ftr-419	577	3	especially	especially	ADV
ftr-419	577	4	true	true	ADJ
ftr-419	577	5	when	when	SCONJ
ftr-419	577	6	the	the	DET
ftr-419	577	7	partnership	partnership	NOUN
ftr-419	577	8	itself	itself	PRON
ftr-419	577	9	is	be	AUX
ftr-419	577	10	liquidated	liquidate	VERB
ftr-419	577	11	so	so	SCONJ
ftr-419	577	12	that	that	SCONJ
ftr-419	577	13	all	all	PRON
ftr-419	577	14	of	of	ADP
ftr-419	577	15	its	its	PRON
ftr-419	577	16	assets	asset	NOUN
ftr-419	577	17	are	be	AUX
ftr-419	577	18	distributed	distribute	VERB
ftr-419	577	19	to	to	ADP
ftr-419	577	20	its	its	PRON
ftr-419	577	21	partners	partner	NOUN
ftr-419	577	22	.	.	PUNCT
ftr-419	578	1	consequently	consequently	ADV
ftr-419	578	2	,	,	PUNCT
ftr-419	578	3	liquidating	liquidating	NOUN
ftr-419	578	4	distributions	distribution	NOUN
ftr-419	578	5	are	be	AUX
ftr-419	578	6	where	where	SCONJ
ftr-419	578	7	the	the	DET
ftr-419	578	8	issues	issue	NOUN
ftr-419	578	9	and	and	CCONJ
ftr-419	578	10	disputes	dispute	NOUN
ftr-419	578	11	are	be	AUX
ftr-419	578	12	most	most	ADV
ftr-419	578	13	likely	likely	ADJ
ftr-419	578	14	to	to	PART
ftr-419	578	15	arise	arise	VERB
ftr-419	578	16	.	.	PUNCT
ftr-419	579	1	you	you	PRON
ftr-419	579	2	will	will	AUX
ftr-419	579	3	recall	recall	VERB
ftr-419	579	4	that	that	SCONJ
ftr-419	579	5	when	when	SCONJ
ftr-419	579	6	the	the	DET
ftr-419	579	7	property	property	NOUN
ftr-419	579	8	distributed	distribute	VERB
ftr-419	579	9	in	in	ADP
ftr-419	579	10	liquidation	liquidation	NOUN
ftr-419	579	11	,	,	PUNCT
ftr-419	579	12	whether	whether	SCONJ
ftr-419	579	13	under	under	ADP
ftr-419	579	14	section	section	NOUN
ftr-419	579	15	736(a	736(a	PROPN
ftr-419	579	16	)	)	PUNCT
ftr-419	579	17	or	or	CCONJ
ftr-419	579	18	(	(	PUNCT
ftr-419	579	19	b	b	NOUN
ftr-419	579	20	)	)	PUNCT
ftr-419	579	21	,	,	PUNCT
ftr-419	579	22	has	have	VERB
ftr-419	579	23	a	a	DET
ftr-419	579	24	book	book	NOUN
ftr-419	579	25	value	value	NOUN
ftr-419	579	26	that	that	PRON
ftr-419	579	27	differs	differ	VERB
ftr-419	579	28	from	from	ADP
ftr-419	579	29	its	its	PRON
ftr-419	579	30	fair	fair	ADJ
ftr-419	579	31	[	[	X
ftr-419	579	32	vol6:5	vol6:5	NOUN
ftr-419	579	33	guaranteed	guarantee	VERB
ftr-419	579	34	payments	payment	NOUN
ftr-419	579	35	made	make	VERB
ftr-419	579	36	in	in	ADP
ftr-419	579	37	kind	kind	NOUN
ftr-419	579	38	by	by	ADP
ftr-419	579	39	a	a	DET
ftr-419	579	40	partnership	partnership	NOUN
ftr-419	579	41	market	market	NOUN
ftr-419	579	42	value	value	NOUN
ftr-419	579	43	,	,	PUNCT
ftr-419	579	44	the	the	DET
ftr-419	579	45	book	book	NOUN
ftr-419	579	46	value	value	NOUN
ftr-419	579	47	will	will	AUX
ftr-419	579	48	be	be	AUX
ftr-419	579	49	changed	change	VERB
ftr-419	579	50	to	to	PART
ftr-419	579	51	equal	equal	VERB
ftr-419	579	52	its	its	PRON
ftr-419	579	53	fair	fair	ADJ
ftr-419	579	54	market	market	NOUN
ftr-419	579	55	value	value	NOUN
ftr-419	579	56	;	;	PUNCT
ftr-419	579	57	and	and	CCONJ
ftr-419	579	58	the	the	DET
ftr-419	579	59	difference	difference	NOUN
ftr-419	579	60	in	in	ADP
ftr-419	579	61	values	value	NOUN
ftr-419	579	62	is	be	AUX
ftr-419	579	63	allocated	allocate	VERB
ftr-419	579	64	proportionately	proportionately	ADV
ftr-419	579	65	among	among	ADP
ftr-419	579	66	partners	partner	NOUN
ftr-419	579	67	'	'	PART
ftr-419	579	68	capital	capital	NOUN
ftr-419	579	69	accounts	account	NOUN
ftr-419	579	70	.	.	PUNCT
ftr-419	580	1	°	°	NOUN
ftr-419	580	2	liquidating	liquidating	NOUN
ftr-419	580	3	distributions	distribution	NOUN
ftr-419	580	4	are	be	AUX
ftr-419	580	5	divided	divide	VERB
ftr-419	580	6	by	by	ADP
ftr-419	580	7	section	section	NOUN
ftr-419	580	8	736	736	NUM
ftr-419	580	9	into	into	ADP
ftr-419	580	10	two	two	NUM
ftr-419	580	11	camps	camp	NOUN
ftr-419	580	12	,	,	PUNCT
ftr-419	580	13	with	with	ADP
ftr-419	580	14	a	a	DET
ftr-419	580	15	subdivision	subdivision	NOUN
ftr-419	580	16	within	within	ADP
ftr-419	580	17	one	one	NUM
ftr-419	580	18	of	of	ADP
ftr-419	580	19	the	the	DET
ftr-419	580	20	camps	camp	NOUN
ftr-419	580	21	.	.	PUNCT
ftr-419	581	1	section	section	NOUN
ftr-419	581	2	736(b	736(b	PROPN
ftr-419	581	3	)	)	PUNCT
ftr-419	581	4	applies	apply	VERB
ftr-419	581	5	to	to	ADP
ftr-419	581	6	distributions	distribution	NOUN
ftr-419	581	7	that	that	PRON
ftr-419	581	8	are	be	AUX
ftr-419	581	9	made	make	VERB
ftr-419	581	10	to	to	ADP
ftr-419	581	11	a	a	DET
ftr-419	581	12	retiring	retire	VERB
ftr-419	581	13	or	or	CCONJ
ftr-419	581	14	deceased	deceased	ADJ
ftr-419	581	15	partner	partner	NOUN
ftr-419	581	16	in	in	ADP
ftr-419	581	17	exchange	exchange	NOUN
ftr-419	581	18	for	for	ADP
ftr-419	581	19	the	the	DET
ftr-419	581	20	partner	partner	NOUN
ftr-419	581	21	's	's	PART
ftr-419	581	22	interest	interest	NOUN
ftr-419	581	23	in	in	ADP
ftr-419	581	24	partnership	partnership	NOUN
ftr-419	581	25	property	property	NOUN
ftr-419	581	26	.	.	PUNCT
ftr-419	582	1	distributions	distribution	NOUN
ftr-419	582	2	in	in	ADP
ftr-419	582	3	exchange	exchange	NOUN
ftr-419	582	4	for	for	ADP
ftr-419	582	5	two	two	NUM
ftr-419	582	6	classes	class	NOUN
ftr-419	582	7	of	of	ADP
ftr-419	582	8	partnership	partnership	NOUN
ftr-419	582	9	property	property	NOUN
ftr-419	582	10	are	be	AUX
ftr-419	582	11	excluded	exclude	VERB
ftr-419	582	12	from	from	ADP
ftr-419	582	13	section	section	NOUN
ftr-419	582	14	736(b	736(b	PROPN
ftr-419	582	15	)	)	PUNCT
ftr-419	582	16	,	,	PUNCT
ftr-419	582	17	but	but	CCONJ
ftr-419	582	18	only	only	ADV
ftr-419	582	19	if	if	SCONJ
ftr-419	582	20	the	the	DET
ftr-419	582	21	distributee	distributee	NOUN
ftr-419	582	22	was	be	AUX
ftr-419	582	23	a	a	DET
ftr-419	582	24	general	general	ADJ
ftr-419	582	25	partner	partner	NOUN
ftr-419	582	26	and	and	CCONJ
ftr-419	582	27	if	if	SCONJ
ftr-419	582	28	capital	capital	NOUN
ftr-419	582	29	was	be	AUX
ftr-419	582	30	not	not	PART
ftr-419	582	31	a	a	DET
ftr-419	582	32	material	material	NOUN
ftr-419	582	33	incomeproducing	incomeproducing	NOUN
ftr-419	582	34	factor	factor	NOUN
ftr-419	582	35	for	for	ADP
ftr-419	582	36	the	the	DET
ftr-419	582	37	partnership	partnership	NOUN
ftr-419	582	38	.	.	PUNCT
ftr-419	583	1	in	in	ADP
ftr-419	583	2	general	general	ADJ
ftr-419	583	3	then	then	ADV
ftr-419	583	4	,	,	PUNCT
ftr-419	583	5	payments	payment	NOUN
ftr-419	583	6	for	for	ADP
ftr-419	583	7	those	those	DET
ftr-419	583	8	two	two	NUM
ftr-419	583	9	classes	class	NOUN
ftr-419	583	10	of	of	ADP
ftr-419	583	11	property	property	NOUN
ftr-419	583	12	are	be	AUX
ftr-419	583	13	excluded	exclude	VERB
ftr-419	583	14	from	from	ADP
ftr-419	583	15	section	section	NOUN
ftr-419	583	16	736(b	736(b	PROPN
ftr-419	583	17	)	)	PUNCT
ftr-419	583	18	only	only	ADV
ftr-419	583	19	in	in	ADP
ftr-419	583	20	the	the	DET
ftr-419	583	21	case	case	NOUN
ftr-419	583	22	of	of	ADP
ftr-419	583	23	a	a	DET
ftr-419	583	24	liquidation	liquidation	NOUN
ftr-419	583	25	of	of	ADP
ftr-419	583	26	a	a	DET
ftr-419	583	27	general	general	ADJ
ftr-419	583	28	partner	partner	NOUN
ftr-419	583	29	's	's	PART
ftr-419	583	30	interest	interest	NOUN
ftr-419	583	31	in	in	ADP
ftr-419	583	32	a	a	DET
ftr-419	583	33	service	service	NOUN
ftr-419	583	34	partnership	partnership	NOUN
ftr-419	583	35	.	.	PUNCT
ftr-419	584	1	the	the	DET
ftr-419	584	2	two	two	NUM
ftr-419	584	3	classes	class	NOUN
ftr-419	584	4	of	of	ADP
ftr-419	584	5	property	property	NOUN
ftr-419	584	6	that	that	PRON
ftr-419	584	7	are	be	AUX
ftr-419	584	8	excluded	exclude	VERB
ftr-419	584	9	in	in	ADP
ftr-419	584	10	such	such	ADJ
ftr-419	584	11	cases	case	NOUN
ftr-419	584	12	are	be	AUX
ftr-419	584	13	:	:	PUNCT
ftr-419	584	14	unrealized	unrealized	ADJ
ftr-419	584	15	receivables	receivables	NOUN
ftr-419	584	16	(	(	PUNCT
ftr-419	584	17	as	as	SCONJ
ftr-419	584	18	defined	define	VERB
ftr-419	584	19	in	in	ADP
ftr-419	584	20	section	section	NOUN
ftr-419	584	21	751	751	NUM
ftr-419	584	22	(	(	PUNCT
ftr-419	584	23	c	c	NOUN
ftr-419	584	24	)	)	PUNCT
ftr-419	584	25	)	)	PUNCT
ftr-419	584	26	and	and	CCONJ
ftr-419	584	27	good	good	ADJ
ftr-419	584	28	will	will	NOUN
ftr-419	584	29	unless	unless	SCONJ
ftr-419	584	30	the	the	DET
ftr-419	584	31	partnership	partnership	NOUN
ftr-419	584	32	agreement	agreement	NOUN
ftr-419	584	33	provides	provide	VERB
ftr-419	584	34	for	for	ADP
ftr-419	584	35	a	a	DET
ftr-419	584	36	payment	payment	NOUN
ftr-419	584	37	for	for	ADP
ftr-419	584	38	good	good	ADJ
ftr-419	584	39	will	will	NOUN
ftr-419	584	40	.	.	PUNCT
ftr-419	585	1	all	all	DET
ftr-419	585	2	liquidating	liquidating	ADJ
ftr-419	585	3	payments	payment	NOUN
ftr-419	585	4	that	that	PRON
ftr-419	585	5	do	do	AUX
ftr-419	585	6	not	not	PART
ftr-419	585	7	fall	fall	VERB
ftr-419	585	8	within	within	ADP
ftr-419	585	9	section	section	NOUN
ftr-419	585	10	736(b	736(b	PROPN
ftr-419	585	11	)	)	PUNCT
ftr-419	585	12	,	,	PUNCT
ftr-419	585	13	including	include	VERB
ftr-419	585	14	payments	payment	NOUN
ftr-419	585	15	for	for	ADP
ftr-419	585	16	the	the	DET
ftr-419	585	17	two	two	NUM
ftr-419	585	18	classes	class	NOUN
ftr-419	585	19	of	of	ADP
ftr-419	585	20	property	property	NOUN
ftr-419	585	21	mentioned	mention	VERB
ftr-419	585	22	above	above	ADV
ftr-419	585	23	,	,	PUNCT
ftr-419	585	24	are	be	AUX
ftr-419	585	25	treated	treat	VERB
ftr-419	585	26	by	by	ADP
ftr-419	585	27	section	section	NOUN
ftr-419	585	28	736(a	736(a	PROPN
ftr-419	585	29	)	)	PUNCT
ftr-419	585	30	either	either	CCONJ
ftr-419	585	31	as	as	ADP
ftr-419	585	32	a	a	DET
ftr-419	585	33	guaranteed	guarantee	VERB
ftr-419	585	34	payment	payment	NOUN
ftr-419	585	35	if	if	SCONJ
ftr-419	585	36	determined	determine	VERB
ftr-419	585	37	without	without	ADP
ftr-419	585	38	regard	regard	NOUN
ftr-419	585	39	to	to	ADP
ftr-419	585	40	partnership	partnership	NOUN
ftr-419	585	41	income	income	NOUN
ftr-419	585	42	or	or	CCONJ
ftr-419	585	43	as	as	ADP
ftr-419	585	44	a	a	DET
ftr-419	585	45	distributive	distributive	ADJ
ftr-419	585	46	share	share	NOUN
ftr-419	585	47	of	of	ADP
ftr-419	585	48	partnership	partnership	NOUN
ftr-419	585	49	income	income	NOUN
ftr-419	585	50	if	if	SCONJ
ftr-419	585	51	determined	determine	VERB
ftr-419	585	52	with	with	ADP
ftr-419	585	53	regard	regard	NOUN
ftr-419	585	54	to	to	ADP
ftr-419	585	55	partnership	partnership	NOUN
ftr-419	585	56	income	income	NOUN
ftr-419	585	57	.	.	PUNCT
ftr-419	586	1	a	a	DET
ftr-419	586	2	guaranteed	guarantee	VERB
ftr-419	586	3	payment	payment	NOUN
ftr-419	586	4	will	will	AUX
ftr-419	586	5	be	be	AUX
ftr-419	586	6	ordinary	ordinary	ADJ
ftr-419	586	7	income	income	NOUN
ftr-419	586	8	to	to	ADP
ftr-419	586	9	the	the	DET
ftr-419	586	10	partner	partner	NOUN
ftr-419	586	11	and	and	CCONJ
ftr-419	586	12	deductible	deductible	ADJ
ftr-419	586	13	by	by	ADP
ftr-419	586	14	the	the	DET
ftr-419	586	15	partnership.8	partnership.8	NOUN
ftr-419	586	16	it	it	PRON
ftr-419	586	17	is	be	AUX
ftr-419	586	18	common	common	ADJ
ftr-419	586	19	for	for	ADP
ftr-419	586	20	the	the	DET
ftr-419	586	21	liquidation	liquidation	NOUN
ftr-419	586	22	of	of	ADP
ftr-419	586	23	a	a	DET
ftr-419	586	24	partner	partner	NOUN
ftr-419	586	25	's	's	PART
ftr-419	586	26	interest	interest	NOUN
ftr-419	586	27	to	to	PART
ftr-419	586	28	include	include	VERB
ftr-419	586	29	a	a	DET
ftr-419	586	30	premium	premium	NOUN
ftr-419	586	31	,	,	PUNCT
ftr-419	586	32	that	that	ADV
ftr-419	586	33	is	is	ADV
ftr-419	586	34	,	,	PUNCT
ftr-419	586	35	a	a	DET
ftr-419	586	36	payment	payment	NOUN
ftr-419	586	37	in	in	ADP
ftr-419	586	38	excess	excess	NOUN
ftr-419	586	39	of	of	ADP
ftr-419	586	40	the	the	DET
ftr-419	586	41	amount	amount	NOUN
ftr-419	586	42	of	of	ADP
ftr-419	586	43	the	the	DET
ftr-419	586	44	indicated	indicate	VERB
ftr-419	586	45	value	value	NOUN
ftr-419	586	46	of	of	ADP
ftr-419	586	47	the	the	DET
ftr-419	586	48	partner	partner	NOUN
ftr-419	586	49	's	's	PART
ftr-419	586	50	share	share	NOUN
ftr-419	586	51	of	of	ADP
ftr-419	586	52	partnership	partnership	NOUN
ftr-419	586	53	property	property	NOUN
ftr-419	586	54	.	.	PUNCT
ftr-419	587	1	if	if	SCONJ
ftr-419	587	2	the	the	DET
ftr-419	587	3	amount	amount	NOUN
ftr-419	587	4	of	of	ADP
ftr-419	587	5	the	the	DET
ftr-419	587	6	premium	premium	NOUN
ftr-419	587	7	is	be	AUX
ftr-419	587	8	not	not	PART
ftr-419	587	9	determined	determine	VERB
ftr-419	587	10	by	by	ADP
ftr-419	587	11	reference	reference	NOUN
ftr-419	587	12	to	to	ADP
ftr-419	587	13	partnership	partnership	NOUN
ftr-419	587	14	income	income	NOUN
ftr-419	587	15	,	,	PUNCT
ftr-419	587	16	it	it	PRON
ftr-419	587	17	will	will	AUX
ftr-419	587	18	be	be	AUX
ftr-419	587	19	a	a	DET
ftr-419	587	20	guaranteed	guarantee	VERB
ftr-419	587	21	payment	payment	NOUN
ftr-419	587	22	.	.	PUNCT
ftr-419	588	1	if	if	SCONJ
ftr-419	588	2	a	a	DET
ftr-419	588	3	partnership	partnership	NOUN
ftr-419	588	4	distributes	distribute	VERB
ftr-419	588	5	more	more	ADJ
ftr-419	588	6	than	than	ADP
ftr-419	588	7	one	one	NUM
ftr-419	588	8	item	item	NOUN
ftr-419	588	9	of	of	ADP
ftr-419	588	10	property	property	NOUN
ftr-419	588	11	to	to	ADP
ftr-419	588	12	a	a	DET
ftr-419	588	13	service	service	NOUN
ftr-419	588	14	partner	partner	NOUN
ftr-419	588	15	as	as	ADP
ftr-419	588	16	a	a	DET
ftr-419	588	17	liquidating	liquidating	NOUN
ftr-419	588	18	distribution	distribution	NOUN
ftr-419	588	19	,	,	PUNCT
ftr-419	588	20	and	and	CCONJ
ftr-419	588	21	if	if	SCONJ
ftr-419	588	22	only	only	ADJ
ftr-419	588	23	part	part	NOUN
ftr-419	588	24	of	of	ADP
ftr-419	588	25	the	the	DET
ftr-419	588	26	distribution	distribution	NOUN
ftr-419	588	27	is	be	AUX
ftr-419	588	28	a	a	DET
ftr-419	588	29	guaranteed	guarantee	VERB
ftr-419	588	30	payment	payment	NOUN
ftr-419	588	31	,	,	PUNCT
ftr-419	588	32	how	how	SCONJ
ftr-419	588	33	are	be	AUX
ftr-419	588	34	the	the	DET
ftr-419	588	35	several	several	ADJ
ftr-419	588	36	distributed	distribute	VERB
ftr-419	588	37	properties	property	NOUN
ftr-419	588	38	to	to	PART
ftr-419	588	39	be	be	AUX
ftr-419	588	40	assigned	assign	VERB
ftr-419	588	41	between	between	ADP
ftr-419	588	42	the	the	DET
ftr-419	588	43	portion	portion	NOUN
ftr-419	588	44	of	of	ADP
ftr-419	588	45	the	the	DET
ftr-419	588	46	distribution	distribution	NOUN
ftr-419	588	47	that	that	PRON
ftr-419	588	48	is	be	AUX
ftr-419	588	49	a	a	DET
ftr-419	588	50	guaranteed	guarantee	VERB
ftr-419	588	51	payment	payment	NOUN
ftr-419	588	52	and	and	CCONJ
ftr-419	588	53	the	the	DET
ftr-419	588	54	portion	portion	NOUN
ftr-419	588	55	that	that	PRON
ftr-419	588	56	is	be	AUX
ftr-419	588	57	not	not	PART
ftr-419	588	58	?	?	PUNCT
ftr-419	589	1	the	the	DET
ftr-419	589	2	willis	willis	PROPN
ftr-419	589	3	treatise	treatise	NOUN
ftr-419	589	4	addresses	address	NOUN
ftr-419	589	5	that	that	PRON
ftr-419	589	6	issue	issue	NOUN
ftr-419	589	7	and	and	CCONJ
ftr-419	589	8	raises	raise	VERB
ftr-419	589	9	three	three	NUM
ftr-419	589	10	alternative	alternative	ADJ
ftr-419	589	11	solutions	solution	NOUN
ftr-419	589	12	,	,	PUNCT
ftr-419	589	13	which	which	PRON
ftr-419	589	14	we	we	PRON
ftr-419	589	15	will	will	AUX
ftr-419	589	16	not	not	PART
ftr-419	589	17	discuss	discuss	VERB
ftr-419	589	18	.	.	PUNCT
ftr-419	590	1	the	the	DET
ftr-419	590	2	parties	party	NOUN
ftr-419	590	3	might	might	AUX
ftr-419	590	4	be	be	AUX
ftr-419	590	5	able	able	ADJ
ftr-419	590	6	to	to	PART
ftr-419	590	7	finesse	finesse	VERB
ftr-419	590	8	that	that	DET
ftr-419	590	9	issue	issue	NOUN
ftr-419	590	10	by	by	ADP
ftr-419	590	11	expressly	expressly	ADV
ftr-419	590	12	agreeing	agree	VERB
ftr-419	590	13	beforehand	beforehand	ADV
ftr-419	590	14	as	as	ADP
ftr-419	590	15	to	to	ADP
ftr-419	590	16	the	the	DET
ftr-419	590	17	assignment	assignment	NOUN
ftr-419	590	18	of	of	ADP
ftr-419	590	19	the	the	DET
ftr-419	590	20	properties	property	NOUN
ftr-419	590	21	.	.	PUNCT
ftr-419	591	1	there	there	PRON
ftr-419	591	2	is	be	VERB
ftr-419	591	3	a	a	DET
ftr-419	591	4	reasonable	reasonable	ADJ
ftr-419	591	5	prospect	prospect	NOUN
ftr-419	591	6	that	that	SCONJ
ftr-419	591	7	the	the	DET
ftr-419	591	8	service	service	NOUN
ftr-419	591	9	will	will	AUX
ftr-419	591	10	accept	accept	VERB
ftr-419	591	11	the	the	DET
ftr-419	591	12	parties	party	NOUN
ftr-419	591	13	agreement	agreement	NOUN
ftr-419	591	14	.	.	PUNCT
ftr-419	592	1	in	in	ADP
ftr-419	592	2	part	part	NOUN
ftr-419	592	3	v.b	v.b	PROPN
ftr-419	592	4	.	.	PROPN
ftr-419	592	5	of	of	ADP
ftr-419	592	6	this	this	DET
ftr-419	592	7	article	article	NOUN
ftr-419	592	8	,	,	PUNCT
ftr-419	592	9	we	we	PRON
ftr-419	592	10	described	describe	VERB
ftr-419	592	11	the	the	DET
ftr-419	592	12	administrative	administrative	ADJ
ftr-419	592	13	complexity	complexity	NOUN
ftr-419	592	14	that	that	SCONJ
ftr-419	592	15	the	the	DET
ftr-419	592	16	imposition	imposition	NOUN
ftr-419	592	17	of	of	ADP
ftr-419	592	18	gain	gain	NOUN
ftr-419	592	19	recognition	recognition	NOUN
ftr-419	592	20	on	on	ADP
ftr-419	592	21	the	the	DET
ftr-419	592	22	partnership	partnership	NOUN
ftr-419	592	23	would	would	AUX
ftr-419	592	24	cause	cause	VERB
ftr-419	592	25	when	when	SCONJ
ftr-419	592	26	a	a	DET
ftr-419	592	27	payment	payment	NOUN
ftr-419	592	28	is	be	AUX
ftr-419	592	29	partly	partly	ADV
ftr-419	592	30	a	a	DET
ftr-419	592	31	partnership	partnership	NOUN
ftr-419	592	32	distribution	distribution	NOUN
ftr-419	592	33	and	and	CCONJ
ftr-419	592	34	partly	partly	ADV
ftr-419	592	35	a	a	DET
ftr-419	592	36	guaranteed	guarantee	VERB
ftr-419	592	37	payment	payment	NOUN
ftr-419	592	38	,	,	PUNCT
ftr-419	592	39	and	and	CCONJ
ftr-419	592	40	when	when	SCONJ
ftr-419	592	41	a	a	DET
ftr-419	592	42	section	section	NOUN
ftr-419	592	43	754	754	NUM
ftr-419	592	44	election	election	NOUN
ftr-419	592	45	is	be	AUX
ftr-419	592	46	in	in	ADP
ftr-419	592	47	effect	effect	NOUN
ftr-419	592	48	,	,	PUNCT
ftr-419	592	49	because	because	SCONJ
ftr-419	592	50	of	of	ADP
ftr-419	592	51	the	the	DET
ftr-419	592	52	need	need	NOUN
ftr-419	592	53	to	to	PART
ftr-419	592	54	determine	determine	VERB
ftr-419	592	55	each	each	DET
ftr-419	592	56	partner	partner	NOUN
ftr-419	592	57	's	's	PART
ftr-419	592	58	share	share	NOUN
ftr-419	592	59	of	of	ADP
ftr-419	592	60	the	the	DET
ftr-419	592	61	partnership	partnership	NOUN
ftr-419	592	62	's	's	PART
ftr-419	592	63	inside	inside	ADJ
ftr-419	592	64	basis	basis	NOUN
ftr-419	592	65	for	for	ADP
ftr-419	592	66	the	the	DET
ftr-419	592	67	distributed	distribute	VERB
ftr-419	592	68	property	property	NOUN
ftr-419	592	69	80	80	NUM
ftr-419	592	70	.	.	PUNCT
ftr-419	593	1	see	see	VERB
ftr-419	593	2	supra	supra	ADJ
ftr-419	593	3	text	text	NOUN
ftr-419	593	4	accompanying	accompanying	ADJ
ftr-419	593	5	notes	note	NOUN
ftr-419	593	6	27	27	NUM
ftr-419	593	7	,	,	PUNCT
ftr-419	593	8	28	28	NUM
ftr-419	593	9	,	,	PUNCT
ftr-419	593	10	and	and	CCONJ
ftr-419	593	11	30	30	NUM
ftr-419	593	12	.	.	X
ftr-419	593	13	81	81	NUM
ftr-419	593	14	.	.	PUNCT
ftr-419	594	1	irc	irc	PROPN
ftr-419	594	2	§	§	PROPN
ftr-419	594	3	707(c	707(c	PROPN
ftr-419	594	4	)	)	PUNCT
ftr-419	594	5	.	.	PUNCT
ftr-419	595	1	20041	20041	NUM
ftr-419	595	2	florida	florida	PROPN
ftr-419	595	3	tax	tax	NOUN
ftr-419	595	4	review	review	NOUN
ftr-419	595	5	and	and	CCONJ
ftr-419	595	6	then	then	ADV
ftr-419	595	7	apportion	apportion	VERB
ftr-419	595	8	it	it	PRON
ftr-419	595	9	between	between	ADP
ftr-419	595	10	the	the	DET
ftr-419	595	11	two	two	NUM
ftr-419	595	12	types	type	NOUN
ftr-419	595	13	of	of	ADP
ftr-419	595	14	payments.2	payments.2	PROPN
ftr-419	595	15	we	we	PRON
ftr-419	595	16	noted	note	VERB
ftr-419	595	17	that	that	SCONJ
ftr-419	595	18	even	even	ADV
ftr-419	595	19	if	if	SCONJ
ftr-419	595	20	gain	gain	NOUN
ftr-419	595	21	is	be	AUX
ftr-419	595	22	not	not	PART
ftr-419	595	23	recognized	recognize	VERB
ftr-419	595	24	,	,	PUNCT
ftr-419	595	25	some	some	DET
ftr-419	595	26	apportionment	apportionment	NOUN
ftr-419	595	27	of	of	ADP
ftr-419	595	28	inside	inside	ADJ
ftr-419	595	29	basis	basis	NOUN
ftr-419	595	30	is	be	AUX
ftr-419	595	31	required	require	VERB
ftr-419	595	32	in	in	ADP
ftr-419	595	33	order	order	NOUN
ftr-419	595	34	to	to	PART
ftr-419	595	35	determine	determine	VERB
ftr-419	595	36	the	the	DET
ftr-419	595	37	service	service	NOUN
ftr-419	595	38	partner	partner	NOUN
ftr-419	595	39	's	's	PART
ftr-419	595	40	basis	basis	NOUN
ftr-419	595	41	in	in	ADP
ftr-419	595	42	the	the	DET
ftr-419	595	43	distributed	distribute	VERB
ftr-419	595	44	property	property	NOUN
ftr-419	595	45	.	.	PUNCT
ftr-419	596	1	that	that	DET
ftr-419	596	2	latter	latter	ADJ
ftr-419	596	3	point	point	NOUN
ftr-419	596	4	is	be	AUX
ftr-419	596	5	applicable	applicable	ADJ
ftr-419	596	6	only	only	ADV
ftr-419	596	7	to	to	ADP
ftr-419	596	8	a	a	DET
ftr-419	596	9	very	very	ADV
ftr-419	596	10	limited	limited	ADJ
ftr-419	596	11	extent	extent	NOUN
ftr-419	596	12	in	in	ADP
ftr-419	596	13	the	the	DET
ftr-419	596	14	context	context	NOUN
ftr-419	596	15	of	of	ADP
ftr-419	596	16	a	a	DET
ftr-419	596	17	liquidating	liquidating	NOUN
ftr-419	596	18	distribution	distribution	NOUN
ftr-419	596	19	.	.	PUNCT
ftr-419	597	1	except	except	SCONJ
ftr-419	597	2	for	for	ADP
ftr-419	597	3	unrealized	unrealized	ADJ
ftr-419	597	4	receivables	receivables	NOUN
ftr-419	597	5	and	and	CCONJ
ftr-419	597	6	inventory	inventory	NOUN
ftr-419	597	7	,	,	PUNCT
ftr-419	597	8	a	a	DET
ftr-419	597	9	partner	partner	NOUN
ftr-419	597	10	's	's	PART
ftr-419	597	11	basis	basis	NOUN
ftr-419	597	12	in	in	ADP
ftr-419	597	13	property	property	NOUN
ftr-419	597	14	received	receive	VERB
ftr-419	597	15	under	under	ADP
ftr-419	597	16	section	section	NOUN
ftr-419	597	17	736(b	736(b	PROPN
ftr-419	597	18	)	)	PUNCT
ftr-419	597	19	in	in	ADP
ftr-419	597	20	exchange	exchange	NOUN
ftr-419	597	21	for	for	ADP
ftr-419	597	22	his	his	PRON
ftr-419	597	23	interests	interest	NOUN
ftr-419	597	24	in	in	ADP
ftr-419	597	25	partnership	partnership	NOUN
ftr-419	597	26	property	property	NOUN
ftr-419	597	27	is	be	AUX
ftr-419	597	28	determined	determine	VERB
ftr-419	597	29	without	without	ADP
ftr-419	597	30	regard	regard	NOUN
ftr-419	597	31	to	to	ADP
ftr-419	597	32	the	the	DET
ftr-419	597	33	partnership	partnership	NOUN
ftr-419	597	34	's	's	PART
ftr-419	597	35	inside	inside	ADJ
ftr-419	597	36	basis	basis	NOUN
ftr-419	597	37	in	in	ADP
ftr-419	597	38	those	those	DET
ftr-419	597	39	properties	property	NOUN
ftr-419	597	40	,	,	PUNCT
ftr-419	597	41	and	and	CCONJ
ftr-419	597	42	so	so	ADV
ftr-419	597	43	no	no	DET
ftr-419	597	44	determination	determination	NOUN
ftr-419	597	45	of	of	ADP
ftr-419	597	46	inside	inside	ADJ
ftr-419	597	47	basis	basis	NOUN
ftr-419	597	48	need	need	NOUN
ftr-419	597	49	be	be	AUX
ftr-419	597	50	made	make	VERB
ftr-419	597	51	for	for	ADP
ftr-419	597	52	them.83	them.83	NOUN
ftr-419	597	53	even	even	ADV
ftr-419	597	54	as	as	ADP
ftr-419	597	55	to	to	ADP
ftr-419	597	56	the	the	DET
ftr-419	597	57	two	two	NUM
ftr-419	597	58	exceptions	exception	NOUN
ftr-419	597	59	,	,	PUNCT
ftr-419	597	60	the	the	DET
ftr-419	597	61	partnership	partnership	NOUN
ftr-419	597	62	's	's	PART
ftr-419	597	63	inside	inside	ADJ
ftr-419	597	64	basis	basis	NOUN
ftr-419	597	65	in	in	ADP
ftr-419	597	66	unrealized	unrealized	ADJ
ftr-419	597	67	receivables	receivables	NOUN
ftr-419	597	68	will	will	AUX
ftr-419	597	69	be	be	AUX
ftr-419	597	70	zero	zero	NUM
ftr-419	597	71	,	,	PUNCT
ftr-419	597	72	so	so	SCONJ
ftr-419	597	73	that	that	SCONJ
ftr-419	597	74	property	property	NOUN
ftr-419	597	75	will	will	AUX
ftr-419	597	76	not	not	PART
ftr-419	597	77	cause	cause	VERB
ftr-419	597	78	any	any	DET
ftr-419	597	79	computational	computational	ADJ
ftr-419	597	80	problems	problem	NOUN
ftr-419	597	81	.	.	PUNCT
ftr-419	598	1	a	a	DET
ftr-419	598	2	significant	significant	ADJ
ftr-419	598	3	factor	factor	NOUN
ftr-419	598	4	in	in	ADP
ftr-419	598	5	favor	favor	NOUN
ftr-419	598	6	of	of	ADP
ftr-419	598	7	providing	provide	VERB
ftr-419	598	8	a	a	DET
ftr-419	598	9	rule	rule	NOUN
ftr-419	598	10	of	of	ADP
ftr-419	598	11	nonrecognition	nonrecognition	NOUN
ftr-419	598	12	for	for	ADP
ftr-419	598	13	a	a	DET
ftr-419	598	14	partnership	partnership	NOUN
ftr-419	598	15	's	's	PART
ftr-419	598	16	gain	gain	NOUN
ftr-419	598	17	or	or	CCONJ
ftr-419	598	18	loss	loss	NOUN
ftr-419	598	19	in	in	ADP
ftr-419	598	20	such	such	ADJ
ftr-419	598	21	cases	case	NOUN
ftr-419	598	22	is	be	AUX
ftr-419	598	23	the	the	DET
ftr-419	598	24	relative	relative	ADJ
ftr-419	598	25	simplicity	simplicity	NOUN
ftr-419	598	26	of	of	ADP
ftr-419	598	27	its	its	PRON
ftr-419	598	28	administration	administration	NOUN
ftr-419	598	29	.	.	PUNCT
ftr-419	599	1	it	it	PRON
ftr-419	599	2	is	be	AUX
ftr-419	599	3	true	true	ADJ
ftr-419	599	4	that	that	SCONJ
ftr-419	599	5	complexity	complexity	NOUN
ftr-419	599	6	will	will	AUX
ftr-419	599	7	be	be	AUX
ftr-419	599	8	reintroduced	reintroduce	VERB
ftr-419	599	9	if	if	SCONJ
ftr-419	599	10	section	section	NOUN
ftr-419	599	11	751(b	751(b	PROPN
ftr-419	599	12	)	)	PUNCT
ftr-419	599	13	applies	apply	VERB
ftr-419	599	14	to	to	ADP
ftr-419	599	15	the	the	DET
ftr-419	599	16	payment	payment	NOUN
ftr-419	599	17	for	for	ADP
ftr-419	599	18	the	the	DET
ftr-419	599	19	property	property	NOUN
ftr-419	599	20	portion	portion	NOUN
ftr-419	599	21	of	of	ADP
ftr-419	599	22	the	the	DET
ftr-419	599	23	distribution	distribution	NOUN
ftr-419	599	24	;	;	PUNCT
ftr-419	599	25	but	but	CCONJ
ftr-419	599	26	section	section	NOUN
ftr-419	599	27	751(b	751(b	PROPN
ftr-419	599	28	)	)	PUNCT
ftr-419	599	29	is	be	AUX
ftr-419	599	30	rarely	rarely	ADV
ftr-419	599	31	invoked	invoke	VERB
ftr-419	599	32	.	.	PUNCT
ftr-419	600	1	moreover	moreover	ADV
ftr-419	600	2	,	,	PUNCT
ftr-419	600	3	there	there	PRON
ftr-419	600	4	is	be	VERB
ftr-419	600	5	no	no	DET
ftr-419	600	6	virtue	virtue	NOUN
ftr-419	600	7	to	to	ADP
ftr-419	600	8	exacerbating	exacerbate	VERB
ftr-419	600	9	the	the	DET
ftr-419	600	10	complexity	complexity	NOUN
ftr-419	600	11	that	that	PRON
ftr-419	600	12	section	section	NOUN
ftr-419	600	13	751(b	751(b	NOUN
ftr-419	600	14	)	)	PUNCT
ftr-419	600	15	creates	create	VERB
ftr-419	600	16	.	.	PUNCT
ftr-419	601	1	the	the	DET
ftr-419	601	2	administrative	administrative	ADJ
ftr-419	601	3	ease	ease	NOUN
ftr-419	601	4	of	of	ADP
ftr-419	601	5	providing	provide	VERB
ftr-419	601	6	nonrecognition	nonrecognition	NOUN
ftr-419	601	7	shows	show	VERB
ftr-419	601	8	the	the	DET
ftr-419	601	9	wisdom	wisdom	NOUN
ftr-419	601	10	of	of	ADP
ftr-419	601	11	congress	congress	PROPN
ftr-419	601	12	in	in	ADP
ftr-419	601	13	favoring	favor	VERB
ftr-419	601	14	that	that	DET
ftr-419	601	15	treatment	treatment	NOUN
ftr-419	601	16	in	in	ADP
ftr-419	601	17	subchapter	subchapter	NOUN
ftr-419	601	18	k.	k.	PROPN
ftr-419	602	1	v.	v.	PROPN
ftr-419	602	2	conclusion	conclusion	VERB
ftr-419	602	3	the	the	DET
ftr-419	602	4	question	question	NOUN
ftr-419	602	5	of	of	ADP
ftr-419	602	6	whether	whether	SCONJ
ftr-419	602	7	a	a	DET
ftr-419	602	8	partnership	partnership	NOUN
ftr-419	602	9	should	should	AUX
ftr-419	602	10	recognize	recognize	VERB
ftr-419	602	11	gain	gain	NOUN
ftr-419	602	12	or	or	CCONJ
ftr-419	602	13	loss	loss	NOUN
ftr-419	602	14	on	on	ADP
ftr-419	602	15	making	make	VERB
ftr-419	602	16	a	a	DET
ftr-419	602	17	guaranteed	guarantee	VERB
ftr-419	602	18	payment	payment	NOUN
ftr-419	602	19	in	in	ADP
ftr-419	602	20	kind	kind	NOUN
ftr-419	602	21	can	can	AUX
ftr-419	602	22	not	not	PART
ftr-419	602	23	be	be	AUX
ftr-419	602	24	resolved	resolve	VERB
ftr-419	602	25	definitively	definitively	ADV
ftr-419	602	26	merely	merely	ADV
ftr-419	602	27	by	by	ADP
ftr-419	602	28	pointing	point	VERB
ftr-419	602	29	to	to	ADP
ftr-419	602	30	a	a	DET
ftr-419	602	31	specific	specific	ADJ
ftr-419	602	32	statutory	statutory	ADJ
ftr-419	602	33	or	or	CCONJ
ftr-419	602	34	regulatory	regulatory	ADJ
ftr-419	602	35	provision	provision	NOUN
ftr-419	602	36	.	.	PUNCT
ftr-419	603	1	while	while	SCONJ
ftr-419	603	2	the	the	DET
ftr-419	603	3	language	language	NOUN
ftr-419	603	4	of	of	ADP
ftr-419	603	5	section	section	NOUN
ftr-419	603	6	707(c	707(c	PROPN
ftr-419	603	7	)	)	PUNCT
ftr-419	603	8	strongly	strongly	ADV
ftr-419	603	9	points	point	VERB
ftr-419	603	10	towards	towards	ADP
ftr-419	603	11	nonrecognition	nonrecognition	NOUN
ftr-419	603	12	,	,	PUNCT
ftr-419	603	13	that	that	PRON
ftr-419	603	14	is	be	AUX
ftr-419	603	15	not	not	PART
ftr-419	603	16	conclusive	conclusive	ADJ
ftr-419	603	17	.	.	PUNCT
ftr-419	604	1	the	the	DET
ftr-419	604	2	regulations	regulation	NOUN
ftr-419	604	3	themselves	themselves	PRON
ftr-419	604	4	demonstrate	demonstrate	VERB
ftr-419	604	5	that	that	SCONJ
ftr-419	604	6	there	there	PRON
ftr-419	604	7	are	be	VERB
ftr-419	604	8	circumstances	circumstance	NOUN
ftr-419	604	9	and	and	CCONJ
ftr-419	604	10	tax	tax	NOUN
ftr-419	604	11	provisions	provision	NOUN
ftr-419	604	12	,	,	PUNCT
ftr-419	604	13	in	in	ADP
ftr-419	604	14	addition	addition	NOUN
ftr-419	604	15	to	to	ADP
ftr-419	604	16	the	the	DET
ftr-419	604	17	three	three	NUM
ftr-419	604	18	listed	list	VERB
ftr-419	604	19	as	as	ADP
ftr-419	604	20	exclusive	exclusive	ADJ
ftr-419	604	21	in	in	ADP
ftr-419	604	22	section	section	NOUN
ftr-419	604	23	707(c	707(c	PROPN
ftr-419	604	24	)	)	PUNCT
ftr-419	604	25	,	,	PUNCT
ftr-419	604	26	in	in	ADP
ftr-419	604	27	which	which	PRON
ftr-419	604	28	entity	entity	NOUN
ftr-419	604	29	partnership	partnership	NOUN
ftr-419	604	30	treatment	treatment	NOUN
ftr-419	604	31	will	will	AUX
ftr-419	604	32	be	be	AUX
ftr-419	604	33	applied	apply	VERB
ftr-419	604	34	to	to	ADP
ftr-419	604	35	a	a	DET
ftr-419	604	36	guaranteed	guarantee	VERB
ftr-419	604	37	payment	payment	NOUN
ftr-419	604	38	.	.	PUNCT
ftr-419	605	1	and	and	CCONJ
ftr-419	605	2	,	,	PUNCT
ftr-419	605	3	there	there	PRON
ftr-419	605	4	are	be	VERB
ftr-419	605	5	circumstances	circumstance	NOUN
ftr-419	605	6	not	not	PART
ftr-419	605	7	mentioned	mention	VERB
ftr-419	605	8	in	in	ADP
ftr-419	605	9	the	the	DET
ftr-419	605	10	regulations	regulation	NOUN
ftr-419	605	11	in	in	ADP
ftr-419	605	12	which	which	PRON
ftr-419	605	13	that	that	PRON
ftr-419	605	14	is	be	AUX
ftr-419	605	15	so	so	ADV
ftr-419	605	16	.	.	PUNCT
ftr-419	606	1	for	for	ADP
ftr-419	606	2	example	example	NOUN
ftr-419	606	3	,	,	PUNCT
ftr-419	606	4	in	in	ADP
ftr-419	606	5	this	this	DET
ftr-419	606	6	article	article	NOUN
ftr-419	606	7	,	,	PUNCT
ftr-419	606	8	the	the	DET
ftr-419	606	9	authors	author	NOUN
ftr-419	606	10	demonstrate	demonstrate	VERB
ftr-419	606	11	that	that	SCONJ
ftr-419	606	12	a	a	DET
ftr-419	606	13	guaranteed	guarantee	VERB
ftr-419	606	14	payment	payment	NOUN
ftr-419	606	15	should	should	AUX
ftr-419	606	16	be	be	AUX
ftr-419	606	17	treated	treat	VERB
ftr-419	606	18	as	as	ADP
ftr-419	606	19	having	having	AUX
ftr-419	606	20	been	be	AUX
ftr-419	606	21	made	make	VERB
ftr-419	606	22	from	from	ADP
ftr-419	606	23	a	a	DET
ftr-419	606	24	separate	separate	ADJ
ftr-419	606	25	entity	entity	NOUN
ftr-419	606	26	for	for	ADP
ftr-419	606	27	the	the	DET
ftr-419	606	28	purpose	purpose	NOUN
ftr-419	606	29	of	of	ADP
ftr-419	606	30	determining	determine	VERB
ftr-419	606	31	that	that	SCONJ
ftr-419	606	32	the	the	DET
ftr-419	606	33	outside	outside	ADJ
ftr-419	606	34	basis	basis	NOUN
ftr-419	606	35	of	of	ADP
ftr-419	606	36	a	a	DET
ftr-419	606	37	partner	partner	NOUN
ftr-419	606	38	in	in	ADP
ftr-419	606	39	his	his	PRON
ftr-419	606	40	partnership	partnership	NOUN
ftr-419	606	41	interest	interest	NOUN
ftr-419	606	42	is	be	AUX
ftr-419	606	43	not	not	PART
ftr-419	606	44	reduced	reduce	VERB
ftr-419	606	45	by	by	ADP
ftr-419	606	46	the	the	DET
ftr-419	606	47	amount	amount	NOUN
ftr-419	606	48	of	of	ADP
ftr-419	606	49	the	the	DET
ftr-419	606	50	payment	payment	NOUN
ftr-419	606	51	whether	whether	SCONJ
ftr-419	606	52	the	the	DET
ftr-419	606	53	payment	payment	NOUN
ftr-419	606	54	is	be	AUX
ftr-419	606	55	made	make	VERB
ftr-419	606	56	in	in	ADP
ftr-419	606	57	cash	cash	NOUN
ftr-419	606	58	or	or	CCONJ
ftr-419	606	59	in	in	ADP
ftr-419	606	60	kind	kind	NOUN
ftr-419	606	61	.	.	PUNCT
ftr-419	607	1	the	the	DET
ftr-419	607	2	most	most	ADJ
ftr-419	607	3	that	that	PRON
ftr-419	607	4	the	the	DET
ftr-419	607	5	authors	author	NOUN
ftr-419	607	6	can	can	AUX
ftr-419	607	7	claim	claim	VERB
ftr-419	607	8	,	,	PUNCT
ftr-419	607	9	and	and	CCONJ
ftr-419	607	10	that	that	PRON
ftr-419	607	11	is	be	AUX
ftr-419	607	12	what	what	PRON
ftr-419	607	13	we	we	PRON
ftr-419	607	14	do	do	VERB
ftr-419	607	15	claim	claim	NOUN
ftr-419	607	16	,	,	PUNCT
ftr-419	607	17	is	be	AUX
ftr-419	607	18	that	that	SCONJ
ftr-419	607	19	the	the	DET
ftr-419	607	20	weight	weight	NOUN
ftr-419	607	21	of	of	ADP
ftr-419	607	22	considerations	consideration	NOUN
ftr-419	607	23	favor	favor	VERB
ftr-419	607	24	nonrecognition	nonrecognition	NOUN
ftr-419	607	25	for	for	ADP
ftr-419	607	26	the	the	DET
ftr-419	607	27	partnership	partnership	NOUN
ftr-419	607	28	.	.	PUNCT
ftr-419	608	1	the	the	DET
ftr-419	608	2	83	83	NUM
ftr-419	608	3	.	.	PUNCT
ftr-419	609	1	irc	irc	PROPN
ftr-419	609	2	§	§	PROPN
ftr-419	609	3	732	732	NUM
ftr-419	609	4	(	(	PUNCT
ftr-419	609	5	b	b	NOUN
ftr-419	609	6	)	)	PUNCT
ftr-419	609	7	and	and	CCONJ
ftr-419	609	8	(	(	PUNCT
ftr-419	609	9	c	c	NOUN
ftr-419	609	10	)	)	PUNCT
ftr-419	609	11	.	.	PUNCT
ftr-419	610	1	note	note	VERB
ftr-419	610	2	that	that	SCONJ
ftr-419	610	3	since	since	SCONJ
ftr-419	610	4	the	the	DET
ftr-419	610	5	service	service	NOUN
ftr-419	610	6	partner	partner	NOUN
ftr-419	610	7	's	's	PART
ftr-419	610	8	basis	basis	NOUN
ftr-419	610	9	is	be	AUX
ftr-419	610	10	property	property	NOUN
ftr-419	610	11	received	receive	VERB
ftr-419	610	12	as	as	ADP
ftr-419	610	13	a	a	DET
ftr-419	610	14	guaranteed	guarantee	VERB
ftr-419	610	15	payment	payment	NOUN
ftr-419	610	16	is	be	AUX
ftr-419	610	17	not	not	PART
ftr-419	610	18	determined	determine	VERB
ftr-419	610	19	by	by	ADP
ftr-419	610	20	irc	irc	PROPN
ftr-419	610	21	§	§	PROPN
ftr-419	610	22	732	732	NUM
ftr-419	610	23	and	and	CCONJ
ftr-419	610	24	since	since	SCONJ
ftr-419	610	25	the	the	DET
ftr-419	610	26	service	service	NOUN
ftr-419	610	27	partner	partner	NOUN
ftr-419	610	28	's	's	PART
ftr-419	610	29	income	income	NOUN
ftr-419	610	30	from	from	ADP
ftr-419	610	31	the	the	DET
ftr-419	610	32	receipt	receipt	NOUN
ftr-419	610	33	of	of	ADP
ftr-419	610	34	the	the	DET
ftr-419	610	35	guaranteed	guarantee	VERB
ftr-419	610	36	payment	payment	NOUN
ftr-419	610	37	is	be	AUX
ftr-419	610	38	not	not	PART
ftr-419	610	39	dictated	dictate	VERB
ftr-419	610	40	by	by	ADP
ftr-419	610	41	irc	irc	PROPN
ftr-419	610	42	§	§	PROPN
ftr-419	610	43	73	73	NUM
ftr-419	610	44	1	1	NUM
ftr-419	610	45	,	,	PUNCT
ftr-419	610	46	the	the	DET
ftr-419	610	47	guaranteed	guarantee	VERB
ftr-419	610	48	payment	payment	NOUN
ftr-419	610	49	will	will	AUX
ftr-419	610	50	not	not	PART
ftr-419	610	51	ncessitate	ncessitate	VERB
ftr-419	610	52	a	a	DET
ftr-419	610	53	change	change	NOUN
ftr-419	610	54	of	of	ADP
ftr-419	610	55	the	the	DET
ftr-419	610	56	partnership	partnership	NOUN
ftr-419	610	57	's	's	PART
ftr-419	610	58	inside	inside	ADJ
ftr-419	610	59	basis	basis	NOUN
ftr-419	610	60	in	in	ADP
ftr-419	610	61	its	its	PRON
ftr-419	610	62	assets	asset	NOUN
ftr-419	610	63	under	under	ADP
ftr-419	610	64	irc	irc	PROPN
ftr-419	610	65	§	§	PROPN
ftr-419	610	66	734(b)(1	734(b)(1	NOUN
ftr-419	610	67	)	)	PUNCT
ftr-419	610	68	even	even	ADV
ftr-419	610	69	if	if	SCONJ
ftr-419	610	70	an	an	DET
ftr-419	610	71	irc	irc	PROPN
ftr-419	610	72	§	§	NOUN
ftr-419	610	73	754	754	NUM
ftr-419	610	74	election	election	NOUN
ftr-419	610	75	is	be	AUX
ftr-419	610	76	in	in	ADP
ftr-419	610	77	effect	effect	NOUN
ftr-419	610	78	.	.	PUNCT
ftr-419	611	1	[	[	X
ftr-419	611	2	vol.6:5	vol.6:5	VERB
ftr-419	611	3	guaranteed	guarantee	VERB
ftr-419	611	4	payments	payment	NOUN
ftr-419	611	5	made	make	VERB
ftr-419	611	6	in	in	ADP
ftr-419	611	7	kind	kind	NOUN
ftr-419	611	8	by	by	ADP
ftr-419	611	9	a	a	DET
ftr-419	611	10	partnership	partnership	NOUN
ftr-419	611	11	statutory	statutory	ADJ
ftr-419	611	12	language	language	NOUN
ftr-419	611	13	of	of	ADP
ftr-419	611	14	section	section	NOUN
ftr-419	611	15	707(c	707(c	PROPN
ftr-419	611	16	)	)	PUNCT
ftr-419	611	17	pointing	point	VERB
ftr-419	611	18	to	to	ADP
ftr-419	611	19	non	non	ADJ
ftr-419	611	20	-	-	ADJ
ftr-419	611	21	entity	entity	ADJ
ftr-419	611	22	treatment	treatment	NOUN
ftr-419	611	23	for	for	ADP
ftr-419	611	24	the	the	DET
ftr-419	611	25	partnership	partnership	NOUN
ftr-419	611	26	,	,	PUNCT
ftr-419	611	27	other	other	ADJ
ftr-419	611	28	than	than	ADP
ftr-419	611	29	for	for	ADP
ftr-419	611	30	the	the	DET
ftr-419	611	31	three	three	NUM
ftr-419	611	32	listed	list	VERB
ftr-419	611	33	exceptions	exception	NOUN
ftr-419	611	34	,	,	PUNCT
ftr-419	611	35	while	while	SCONJ
ftr-419	611	36	not	not	PART
ftr-419	611	37	conclusive	conclusive	ADJ
ftr-419	611	38	,	,	PUNCT
ftr-419	611	39	means	mean	VERB
ftr-419	611	40	that	that	SCONJ
ftr-419	611	41	entity	entity	NOUN
ftr-419	611	42	treatment	treatment	NOUN
ftr-419	611	43	should	should	AUX
ftr-419	611	44	be	be	AUX
ftr-419	611	45	imposed	impose	VERB
ftr-419	611	46	only	only	ADV
ftr-419	611	47	if	if	SCONJ
ftr-419	611	48	it	it	PRON
ftr-419	611	49	can	can	AUX
ftr-419	611	50	be	be	AUX
ftr-419	611	51	demonstrated	demonstrate	VERB
ftr-419	611	52	that	that	SCONJ
ftr-419	611	53	non	non	ADJ
ftr-419	611	54	-	-	ADJ
ftr-419	611	55	entity	entity	ADJ
ftr-419	611	56	treatment	treatment	NOUN
ftr-419	611	57	would	would	AUX
ftr-419	611	58	frustrate	frustrate	VERB
ftr-419	611	59	a	a	DET
ftr-419	611	60	principle	principle	NOUN
ftr-419	611	61	of	of	ADP
ftr-419	611	62	the	the	DET
ftr-419	611	63	existing	exist	VERB
ftr-419	611	64	tax	tax	NOUN
ftr-419	611	65	law	law	NOUN
ftr-419	611	66	or	or	CCONJ
ftr-419	611	67	would	would	AUX
ftr-419	611	68	create	create	VERB
ftr-419	611	69	a	a	DET
ftr-419	611	70	significant	significant	ADJ
ftr-419	611	71	risk	risk	NOUN
ftr-419	611	72	that	that	SCONJ
ftr-419	611	73	parties	party	NOUN
ftr-419	611	74	could	could	AUX
ftr-419	611	75	abuse	abuse	VERB
ftr-419	611	76	that	that	DET
ftr-419	611	77	status	status	NOUN
ftr-419	611	78	.	.	PUNCT
ftr-419	612	1	as	as	ADP
ftr-419	612	2	to	to	ADP
ftr-419	612	3	the	the	DET
ftr-419	612	4	question	question	NOUN
ftr-419	612	5	of	of	ADP
ftr-419	612	6	whether	whether	SCONJ
ftr-419	612	7	non	non	ADJ
ftr-419	612	8	-	-	ADJ
ftr-419	612	9	entity	entity	ADJ
ftr-419	612	10	treatment	treatment	NOUN
ftr-419	612	11	,	,	PUNCT
ftr-419	612	12	which	which	PRON
ftr-419	612	13	results	result	VERB
ftr-419	612	14	in	in	ADP
ftr-419	612	15	providing	provide	VERB
ftr-419	612	16	nonrecognition	nonrecognition	NOUN
ftr-419	612	17	for	for	ADP
ftr-419	612	18	the	the	DET
ftr-419	612	19	partnership	partnership	NOUN
ftr-419	612	20	,	,	PUNCT
ftr-419	612	21	conflicts	conflict	NOUN
ftr-419	612	22	with	with	ADP
ftr-419	612	23	basic	basic	ADJ
ftr-419	612	24	tax	tax	NOUN
ftr-419	612	25	policy	policy	NOUN
ftr-419	612	26	for	for	ADP
ftr-419	612	27	partnerships	partnership	NOUN
ftr-419	612	28	,	,	PUNCT
ftr-419	612	29	it	it	PRON
ftr-419	612	30	seems	seem	VERB
ftr-419	612	31	clearly	clearly	ADV
ftr-419	612	32	not	not	PART
ftr-419	612	33	to	to	PART
ftr-419	612	34	do	do	VERB
ftr-419	612	35	so	so	ADV
ftr-419	612	36	.	.	PUNCT
ftr-419	613	1	the	the	DET
ftr-419	613	2	basic	basic	ADJ
ftr-419	613	3	approach	approach	NOUN
ftr-419	613	4	of	of	ADP
ftr-419	613	5	subchapter	subchapter	NOUN
ftr-419	613	6	k	k	PROPN
ftr-419	613	7	is	be	AUX
ftr-419	613	8	to	to	PART
ftr-419	613	9	defer	defer	VERB
ftr-419	613	10	recognition	recognition	NOUN
ftr-419	613	11	of	of	ADP
ftr-419	613	12	gain	gain	NOUN
ftr-419	613	13	or	or	CCONJ
ftr-419	613	14	loss	loss	NOUN
ftr-419	613	15	in	in	ADP
ftr-419	613	16	transactions	transaction	NOUN
ftr-419	613	17	between	between	ADP
ftr-419	613	18	a	a	DET
ftr-419	613	19	partner	partner	NOUN
ftr-419	613	20	and	and	CCONJ
ftr-419	613	21	a	a	DET
ftr-419	613	22	partnership	partnership	NOUN
ftr-419	613	23	.	.	PUNCT
ftr-419	614	1	moreover	moreover	ADV
ftr-419	614	2	,	,	PUNCT
ftr-419	614	3	the	the	DET
ftr-419	614	4	deferral	deferral	ADJ
ftr-419	614	5	system	system	NOUN
ftr-419	614	6	that	that	PRON
ftr-419	614	7	applies	apply	VERB
ftr-419	614	8	to	to	ADP
ftr-419	614	9	the	the	DET
ftr-419	614	10	guaranteed	guarantee	VERB
ftr-419	614	11	payment	payment	NOUN
ftr-419	614	12	is	be	AUX
ftr-419	614	13	one	one	NUM
ftr-419	614	14	that	that	PRON
ftr-419	614	15	actually	actually	ADV
ftr-419	614	16	would	would	AUX
ftr-419	614	17	cure	cure	VERB
ftr-419	614	18	a	a	DET
ftr-419	614	19	glitch	glitch	NOUN
ftr-419	614	20	in	in	ADP
ftr-419	614	21	subchapter	subchapter	NOUN
ftr-419	614	22	k	k	NOUN
ftr-419	614	23	in	in	ADP
ftr-419	614	24	some	some	DET
ftr-419	614	25	circumstances	circumstance	NOUN
ftr-419	614	26	,	,	PUNCT
ftr-419	614	27	'	'	PUNCT
ftr-419	614	28	and	and	CCONJ
ftr-419	614	29	so	so	ADV
ftr-419	614	30	can	can	AUX
ftr-419	614	31	be	be	AUX
ftr-419	614	32	said	say	VERB
ftr-419	614	33	to	to	ADP
ftr-419	614	34	further	further	ADJ
ftr-419	614	35	tax	tax	NOUN
ftr-419	614	36	policy	policy	NOUN
ftr-419	614	37	rather	rather	ADV
ftr-419	614	38	than	than	ADP
ftr-419	614	39	to	to	PART
ftr-419	614	40	hinder	hinder	VERB
ftr-419	614	41	it	it	PRON
ftr-419	614	42	.	.	PUNCT
ftr-419	615	1	the	the	DET
ftr-419	615	2	question	question	NOUN
ftr-419	615	3	of	of	ADP
ftr-419	615	4	whether	whether	SCONJ
ftr-419	615	5	nonrecognition	nonrecognition	NOUN
ftr-419	615	6	lends	lend	VERB
ftr-419	615	7	an	an	DET
ftr-419	615	8	opportunity	opportunity	NOUN
ftr-419	615	9	to	to	ADP
ftr-419	615	10	parties	party	NOUN
ftr-419	615	11	to	to	PART
ftr-419	615	12	distort	distort	VERB
ftr-419	615	13	their	their	PRON
ftr-419	615	14	tax	tax	NOUN
ftr-419	615	15	posture	posture	NOUN
ftr-419	615	16	is	be	AUX
ftr-419	615	17	a	a	DET
ftr-419	615	18	more	more	ADV
ftr-419	615	19	difficult	difficult	ADJ
ftr-419	615	20	one	one	NUM
ftr-419	615	21	.	.	PUNCT
ftr-419	616	1	it	it	PRON
ftr-419	616	2	does	do	AUX
ftr-419	616	3	not	not	PART
ftr-419	616	4	permit	permit	VERB
ftr-419	616	5	the	the	DET
ftr-419	616	6	parties	party	NOUN
ftr-419	616	7	to	to	PART
ftr-419	616	8	reduce	reduce	VERB
ftr-419	616	9	the	the	DET
ftr-419	616	10	amount	amount	NOUN
ftr-419	616	11	of	of	ADP
ftr-419	616	12	income	income	NOUN
ftr-419	616	13	they	they	PRON
ftr-419	616	14	potentially	potentially	ADV
ftr-419	616	15	will	will	AUX
ftr-419	616	16	recognize	recognize	VERB
ftr-419	616	17	.	.	PUNCT
ftr-419	617	1	all	all	DET
ftr-419	617	2	nonrecognition	nonrecognition	NOUN
ftr-419	617	3	provisions	provision	NOUN
ftr-419	617	4	possess	possess	VERB
ftr-419	617	5	some	some	DET
ftr-419	617	6	potential	potential	NOUN
ftr-419	617	7	for	for	ADP
ftr-419	617	8	escaping	escape	VERB
ftr-419	617	9	from	from	ADP
ftr-419	617	10	tax	tax	NOUN
ftr-419	617	11	if	if	SCONJ
ftr-419	617	12	,	,	PUNCT
ftr-419	617	13	for	for	ADP
ftr-419	617	14	example	example	NOUN
ftr-419	617	15	,	,	PUNCT
ftr-419	617	16	basis	basis	NOUN
ftr-419	617	17	is	be	AUX
ftr-419	617	18	later	later	ADV
ftr-419	617	19	increased	increase	VERB
ftr-419	617	20	on	on	ADP
ftr-419	617	21	the	the	DET
ftr-419	617	22	death	death	NOUN
ftr-419	617	23	of	of	ADP
ftr-419	617	24	the	the	DET
ftr-419	617	25	person	person	NOUN
ftr-419	617	26	holding	hold	VERB
ftr-419	617	27	the	the	DET
ftr-419	617	28	property	property	NOUN
ftr-419	617	29	in	in	ADP
ftr-419	617	30	which	which	PRON
ftr-419	617	31	the	the	DET
ftr-419	617	32	deferral	deferral	NOUN
ftr-419	617	33	in	in	ADP
ftr-419	617	34	imbedded	imbedded	ADJ
ftr-419	617	35	.	.	PUNCT
ftr-419	618	1	but	but	CCONJ
ftr-419	618	2	,	,	PUNCT
ftr-419	618	3	nonrecognition	nonrecognition	NOUN
ftr-419	618	4	is	be	AUX
ftr-419	618	5	one	one	NUM
ftr-419	618	6	of	of	ADP
ftr-419	618	7	the	the	DET
ftr-419	618	8	fundamental	fundamental	ADJ
ftr-419	618	9	principles	principle	NOUN
ftr-419	618	10	of	of	ADP
ftr-419	618	11	the	the	DET
ftr-419	618	12	income	income	NOUN
ftr-419	618	13	tax	tax	NOUN
ftr-419	618	14	system	system	NOUN
ftr-419	618	15	,	,	PUNCT
ftr-419	618	16	and	and	CCONJ
ftr-419	618	17	so	so	ADV
ftr-419	618	18	the	the	DET
ftr-419	618	19	possibility	possibility	NOUN
ftr-419	618	20	of	of	ADP
ftr-419	618	21	a	a	DET
ftr-419	618	22	basis	basis	NOUN
ftr-419	618	23	step	step	NOUN
ftr-419	618	24	-	-	PUNCT
ftr-419	618	25	up	up	NOUN
ftr-419	618	26	at	at	ADP
ftr-419	618	27	death	death	NOUN
ftr-419	618	28	has	have	AUX
ftr-419	618	29	not	not	PART
ftr-419	618	30	been	be	AUX
ftr-419	618	31	deemed	deem	VERB
ftr-419	618	32	of	of	ADP
ftr-419	618	33	sufficient	sufficient	ADJ
ftr-419	618	34	importance	importance	NOUN
ftr-419	618	35	to	to	PART
ftr-419	618	36	induce	induce	VERB
ftr-419	618	37	congress	congress	PROPN
ftr-419	618	38	to	to	PART
ftr-419	618	39	require	require	VERB
ftr-419	618	40	immediate	immediate	ADJ
ftr-419	618	41	recognition	recognition	NOUN
ftr-419	618	42	of	of	ADP
ftr-419	618	43	gain	gain	NOUN
ftr-419	618	44	when	when	SCONJ
ftr-419	618	45	there	there	PRON
ftr-419	618	46	are	be	VERB
ftr-419	618	47	good	good	ADJ
ftr-419	618	48	reasons	reason	NOUN
ftr-419	618	49	for	for	ADP
ftr-419	618	50	deferral	deferral	NOUN
ftr-419	618	51	.	.	PUNCT
ftr-419	619	1	the	the	DET
ftr-419	619	2	relevant	relevant	ADJ
ftr-419	619	3	potential	potential	NOUN
ftr-419	619	4	for	for	ADP
ftr-419	619	5	abuse	abuse	NOUN
ftr-419	619	6	here	here	ADV
ftr-419	619	7	is	be	AUX
ftr-419	619	8	that	that	SCONJ
ftr-419	619	9	the	the	DET
ftr-419	619	10	character	character	NOUN
ftr-419	619	11	of	of	ADP
ftr-419	619	12	a	a	DET
ftr-419	619	13	deferred	defer	VERB
ftr-419	619	14	gain	gain	NOUN
ftr-419	619	15	can	can	AUX
ftr-419	619	16	be	be	AUX
ftr-419	619	17	changed	change	VERB
ftr-419	619	18	by	by	ADP
ftr-419	619	19	manipulation	manipulation	NOUN
ftr-419	619	20	of	of	ADP
ftr-419	619	21	the	the	DET
ftr-419	619	22	properties	property	NOUN
ftr-419	619	23	distributed	distribute	VERB
ftr-419	619	24	as	as	ADP
ftr-419	619	25	the	the	DET
ftr-419	619	26	guaranteed	guarantee	VERB
ftr-419	619	27	payment	payment	NOUN
ftr-419	619	28	.	.	PUNCT
ftr-419	620	1	in	in	ADP
ftr-419	620	2	the	the	DET
ftr-419	620	3	view	view	NOUN
ftr-419	620	4	of	of	ADP
ftr-419	620	5	the	the	DET
ftr-419	620	6	authors	author	NOUN
ftr-419	620	7	,	,	PUNCT
ftr-419	620	8	that	that	DET
ftr-419	620	9	possibility	possibility	NOUN
ftr-419	620	10	is	be	AUX
ftr-419	620	11	not	not	PART
ftr-419	620	12	of	of	ADP
ftr-419	620	13	so	so	ADV
ftr-419	620	14	great	great	ADJ
ftr-419	620	15	a	a	DET
ftr-419	620	16	significance	significance	NOUN
ftr-419	620	17	as	as	SCONJ
ftr-419	620	18	to	to	PART
ftr-419	620	19	warrant	warrant	VERB
ftr-419	620	20	both	both	PRON
ftr-419	620	21	abandoning	abandon	VERB
ftr-419	620	22	the	the	DET
ftr-419	620	23	principle	principle	NOUN
ftr-419	620	24	of	of	ADP
ftr-419	620	25	nonrecognition	nonrecognition	NOUN
ftr-419	620	26	that	that	PRON
ftr-419	620	27	plays	play	VERB
ftr-419	620	28	such	such	DET
ftr-419	620	29	a	a	DET
ftr-419	620	30	prominent	prominent	ADJ
ftr-419	620	31	role	role	NOUN
ftr-419	620	32	in	in	ADP
ftr-419	620	33	subchapter	subchapter	NOUN
ftr-419	620	34	k	k	PROPN
ftr-419	620	35	and	and	CCONJ
ftr-419	620	36	embracing	embrace	VERB
ftr-419	620	37	the	the	DET
ftr-419	620	38	complexity	complexity	NOUN
ftr-419	620	39	that	that	SCONJ
ftr-419	620	40	requiring	require	VERB
ftr-419	620	41	recognition	recognition	NOUN
ftr-419	620	42	would	would	AUX
ftr-419	620	43	engender	engender	VERB
ftr-419	620	44	.	.	PUNCT
ftr-419	621	1	by	by	ADP
ftr-419	621	2	way	way	NOUN
ftr-419	621	3	of	of	ADP
ftr-419	621	4	analogy	analogy	NOUN
ftr-419	621	5	,	,	PUNCT
ftr-419	621	6	in	in	ADP
ftr-419	621	7	the	the	DET
ftr-419	621	8	area	area	NOUN
ftr-419	621	9	of	of	ADP
ftr-419	621	10	the	the	DET
ftr-419	621	11	realization	realization	NOUN
ftr-419	621	12	of	of	ADP
ftr-419	621	13	ordinary	ordinary	ADJ
ftr-419	621	14	income	income	NOUN
ftr-419	621	15	from	from	ADP
ftr-419	621	16	a	a	DET
ftr-419	621	17	cancellation	cancellation	NOUN
ftr-419	621	18	of	of	ADP
ftr-419	621	19	indebtedness	indebtedness	NOUN
ftr-419	621	20	,	,	PUNCT
ftr-419	621	21	congress	congress	PROPN
ftr-419	621	22	has	have	AUX
ftr-419	621	23	chosen	choose	VERB
ftr-419	621	24	to	to	PART
ftr-419	621	25	allow	allow	VERB
ftr-419	621	26	nonrecognition	nonrecognition	NOUN
ftr-419	621	27	of	of	ADP
ftr-419	621	28	that	that	DET
ftr-419	621	29	income	income	NOUN
ftr-419	621	30	for	for	ADP
ftr-419	621	31	an	an	DET
ftr-419	621	32	insolvent	insolvent	ADJ
ftr-419	621	33	taxpayer	taxpayer	NOUN
ftr-419	621	34	even	even	ADV
ftr-419	621	35	when	when	SCONJ
ftr-419	621	36	the	the	DET
ftr-419	621	37	deferral	deferral	NOUN
ftr-419	621	38	of	of	ADP
ftr-419	621	39	that	that	DET
ftr-419	621	40	income	income	NOUN
ftr-419	621	41	will	will	AUX
ftr-419	621	42	be	be	AUX
ftr-419	621	43	recognized	recognize	VERB
ftr-419	621	44	as	as	ADP
ftr-419	621	45	a	a	DET
ftr-419	621	46	capital	capital	NOUN
ftr-419	621	47	gain	gain	NOUN
ftr-419	621	48	.	.	PUNCT
ftr-419	622	1	the	the	DET
ftr-419	622	2	case	case	NOUN
ftr-419	622	3	for	for	ADP
ftr-419	622	4	providing	provide	VERB
ftr-419	622	5	a	a	DET
ftr-419	622	6	partner	partner	NOUN
ftr-419	622	7	with	with	ADP
ftr-419	622	8	a	a	DET
ftr-419	622	9	basis	basis	NOUN
ftr-419	622	10	in	in	ADP
ftr-419	622	11	distributed	distribute	VERB
ftr-419	622	12	property	property	NOUN
ftr-419	622	13	equal	equal	ADJ
ftr-419	622	14	to	to	ADP
ftr-419	622	15	its	its	PRON
ftr-419	622	16	fair	fair	ADJ
ftr-419	622	17	market	market	NOUN
ftr-419	622	18	value	value	NOUN
ftr-419	622	19	is	be	AUX
ftr-419	622	20	very	very	ADV
ftr-419	622	21	strong	strong	ADJ
ftr-419	622	22	.	.	PUNCT
ftr-419	623	1	if	if	SCONJ
ftr-419	623	2	,	,	PUNCT
ftr-419	623	3	contrary	contrary	ADV
ftr-419	623	4	to	to	ADP
ftr-419	623	5	the	the	DET
ftr-419	623	6	authors	author	NOUN
ftr-419	623	7	'	'	PART
ftr-419	623	8	view	view	NOUN
ftr-419	623	9	,	,	PUNCT
ftr-419	623	10	the	the	DET
ftr-419	623	11	partnership	partnership	NOUN
ftr-419	623	12	is	be	AUX
ftr-419	623	13	required	require	VERB
ftr-419	623	14	to	to	PART
ftr-419	623	15	recognize	recognize	VERB
ftr-419	623	16	gain	gain	NOUN
ftr-419	623	17	or	or	CCONJ
ftr-419	623	18	loss	loss	NOUN
ftr-419	623	19	,	,	PUNCT
ftr-419	623	20	than	than	SCONJ
ftr-419	623	21	a	a	DET
ftr-419	623	22	fair	fair	ADJ
ftr-419	623	23	market	market	NOUN
ftr-419	623	24	value	value	NOUN
ftr-419	623	25	basis	basis	NOUN
ftr-419	623	26	obviously	obviously	ADV
ftr-419	623	27	is	be	AUX
ftr-419	623	28	correct	correct	ADJ
ftr-419	623	29	.	.	PUNCT
ftr-419	624	1	but	but	CCONJ
ftr-419	624	2	,	,	PUNCT
ftr-419	624	3	even	even	ADV
ftr-419	624	4	if	if	SCONJ
ftr-419	624	5	nonrecognition	nonrecognition	NOUN
ftr-419	624	6	is	be	AUX
ftr-419	624	7	allowed	allow	VERB
ftr-419	624	8	,	,	PUNCT
ftr-419	624	9	as	as	SCONJ
ftr-419	624	10	the	the	DET
ftr-419	624	11	authors	author	NOUN
ftr-419	624	12	maintain	maintain	VERB
ftr-419	624	13	it	it	PRON
ftr-419	624	14	should	should	AUX
ftr-419	624	15	be	be	AUX
ftr-419	624	16	,	,	PUNCT
ftr-419	624	17	the	the	DET
ftr-419	624	18	partner	partner	NOUN
ftr-419	624	19	's	's	PART
ftr-419	624	20	basis	basis	NOUN
ftr-419	624	21	in	in	ADP
ftr-419	624	22	the	the	DET
ftr-419	624	23	property	property	NOUN
ftr-419	624	24	should	should	AUX
ftr-419	624	25	nevertheless	nevertheless	ADV
ftr-419	624	26	be	be	AUX
ftr-419	624	27	equal	equal	ADJ
ftr-419	624	28	to	to	ADP
ftr-419	624	29	its	its	PRON
ftr-419	624	30	fair	fair	ADJ
ftr-419	624	31	market	market	NOUN
ftr-419	624	32	value	value	NOUN
ftr-419	624	33	.	.	PUNCT
ftr-419	625	1	if	if	SCONJ
ftr-419	625	2	a	a	DET
ftr-419	625	3	different	different	ADJ
ftr-419	625	4	figure	figure	NOUN
ftr-419	625	5	were	be	AUX
ftr-419	625	6	employed	employ	VERB
ftr-419	625	7	for	for	ADP
ftr-419	625	8	the	the	DET
ftr-419	625	9	partner	partner	NOUN
ftr-419	625	10	's	's	PART
ftr-419	625	11	basis	basis	NOUN
ftr-419	625	12	in	in	ADP
ftr-419	625	13	the	the	DET
ftr-419	625	14	property	property	NOUN
ftr-419	625	15	,	,	PUNCT
ftr-419	625	16	such	such	ADJ
ftr-419	625	17	as	as	ADP
ftr-419	625	18	the	the	DET
ftr-419	625	19	basis	basis	NOUN
ftr-419	625	20	that	that	SCONJ
ftr-419	625	21	the	the	DET
ftr-419	625	22	partnership	partnership	NOUN
ftr-419	625	23	had	have	AUX
ftr-419	625	24	therein	therein	ADV
ftr-419	625	25	,	,	PUNCT
ftr-419	625	26	the	the	DET
ftr-419	625	27	aggregate	aggregate	ADJ
ftr-419	625	28	amount	amount	NOUN
ftr-419	625	29	of	of	ADP
ftr-419	625	30	gain	gain	NOUN
ftr-419	625	31	or	or	CCONJ
ftr-419	625	32	loss	loss	NOUN
ftr-419	625	33	that	that	PRON
ftr-419	625	34	the	the	DET
ftr-419	625	35	partner	partner	NOUN
ftr-419	625	36	will	will	AUX
ftr-419	625	37	eventually	eventually	ADV
ftr-419	625	38	incur	incur	VERB
ftr-419	625	39	will	will	AUX
ftr-419	625	40	be	be	AUX
ftr-419	625	41	different	different	ADJ
ftr-419	625	42	than	than	ADP
ftr-419	625	43	the	the	DET
ftr-419	625	44	amount	amount	NOUN
ftr-419	625	45	of	of	ADP
ftr-419	625	46	the	the	DET
ftr-419	625	47	deferred	defer	VERB
ftr-419	625	48	gain	gain	NOUN
ftr-419	625	49	or	or	CCONJ
ftr-419	625	50	loss	loss	NOUN
ftr-419	625	51	that	that	PRON
ftr-419	625	52	the	the	DET
ftr-419	625	53	partner	partner	NOUN
ftr-419	625	54	had	have	VERB
ftr-419	625	55	84	84	NUM
ftr-419	625	56	.	.	PUNCT
ftr-419	626	1	this	this	DET
ftr-419	626	2	glitch	glitch	NOUN
ftr-419	626	3	occurs	occur	VERB
ftr-419	626	4	when	when	SCONJ
ftr-419	626	5	a	a	DET
ftr-419	626	6	partner	partner	NOUN
ftr-419	626	7	's	's	PART
ftr-419	626	8	outside	outside	ADJ
ftr-419	626	9	basis	basis	NOUN
ftr-419	626	10	is	be	AUX
ftr-419	626	11	out	out	ADP
ftr-419	626	12	of	of	ADP
ftr-419	626	13	sync	sync	NOUN
ftr-419	626	14	with	with	ADP
ftr-419	626	15	his	his	PRON
ftr-419	626	16	share	share	NOUN
ftr-419	626	17	of	of	ADP
ftr-419	626	18	the	the	DET
ftr-419	626	19	partnership	partnership	NOUN
ftr-419	626	20	's	's	PART
ftr-419	626	21	inside	inside	ADJ
ftr-419	626	22	basis	basis	NOUN
ftr-419	626	23	.	.	PUNCT
ftr-419	627	1	see	see	VERB
ftr-419	627	2	n.	n.	PROPN
ftr-419	627	3	71	71	NUM
ftr-419	627	4	,	,	PUNCT
ftr-419	627	5	supra	supra	NOUN
ftr-419	627	6	,	,	PUNCT
ftr-419	627	7	and	and	CCONJ
ftr-419	627	8	the	the	DET
ftr-419	627	9	text	text	NOUN
ftr-419	627	10	thereto	thereto	VERB
ftr-419	627	11	.	.	PUNCT
ftr-419	628	1	20041	20041	NUM
ftr-419	628	2	440	440	NUM
ftr-419	628	3	florida	florida	PROPN
ftr-419	628	4	tax	tax	NOUN
ftr-419	628	5	review	review	NOUN
ftr-419	628	6	[	[	X
ftr-419	628	7	vol.6:5	vol.6:5	NOUN
ftr-419	628	8	imbedded	imbed	VERB
ftr-419	628	9	in	in	ADP
ftr-419	628	10	his	his	PRON
ftr-419	628	11	partnership	partnership	NOUN
ftr-419	628	12	interest	interest	NOUN
ftr-419	628	13	just	just	ADV
ftr-419	628	14	before	before	ADP
ftr-419	628	15	receiving	receive	VERB
ftr-419	628	16	the	the	DET
ftr-419	628	17	guaranteed	guarantee	VERB
ftr-419	628	18	payment	payment	NOUN
ftr-419	628	19	.	.	PUNCT
ftr-419	629	1	since	since	SCONJ
ftr-419	629	2	the	the	DET
ftr-419	629	3	partner	partner	NOUN
ftr-419	629	4	recognized	recognize	VERB
ftr-419	629	5	income	income	NOUN
ftr-419	629	6	for	for	ADP
ftr-419	629	7	the	the	DET
ftr-419	629	8	full	full	ADJ
ftr-419	629	9	value	value	NOUN
ftr-419	629	10	of	of	ADP
ftr-419	629	11	the	the	DET
ftr-419	629	12	guaranteed	guarantee	VERB
ftr-419	629	13	payment	payment	NOUN
ftr-419	629	14	,	,	PUNCT
ftr-419	629	15	there	there	PRON
ftr-419	629	16	is	be	VERB
ftr-419	629	17	no	no	DET
ftr-419	629	18	justification	justification	NOUN
ftr-419	629	19	for	for	ADP
ftr-419	629	20	changing	change	VERB
ftr-419	629	21	the	the	DET
ftr-419	629	22	amount	amount	NOUN
ftr-419	629	23	of	of	ADP
ftr-419	629	24	his	his	PRON
ftr-419	629	25	potential	potential	ADJ
ftr-419	629	26	gain	gain	NOUN
ftr-419	629	27	or	or	CCONJ
ftr-419	629	28	loss	loss	NOUN
ftr-419	629	29	.	.	PUNCT
ftr-419	630	1	some	some	DET
ftr-419	630	2	persons	person	NOUN
ftr-419	630	3	,	,	PUNCT
ftr-419	630	4	having	having	AUX
ftr-419	630	5	decided	decide	VERB
ftr-419	630	6	that	that	SCONJ
ftr-419	630	7	the	the	DET
ftr-419	630	8	proper	proper	ADJ
ftr-419	630	9	basis	basis	NOUN
ftr-419	630	10	for	for	ADP
ftr-419	630	11	property	property	NOUN
ftr-419	630	12	received	receive	VERB
ftr-419	630	13	as	as	ADP
ftr-419	630	14	a	a	DET
ftr-419	630	15	guaranteed	guarantee	VERB
ftr-419	630	16	payment	payment	NOUN
ftr-419	630	17	is	be	AUX
ftr-419	630	18	its	its	PRON
ftr-419	630	19	fair	fair	ADJ
ftr-419	630	20	market	market	NOUN
ftr-419	630	21	value	value	NOUN
ftr-419	630	22	,	,	PUNCT
ftr-419	630	23	might	might	AUX
ftr-419	630	24	perhaps	perhaps	ADV
ftr-419	630	25	jump	jump	VERB
ftr-419	630	26	to	to	ADP
ftr-419	630	27	the	the	DET
ftr-419	630	28	conclusion	conclusion	NOUN
ftr-419	630	29	that	that	SCONJ
ftr-419	630	30	the	the	DET
ftr-419	630	31	partnership	partnership	NOUN
ftr-419	630	32	must	must	AUX
ftr-419	630	33	therefore	therefore	ADV
ftr-419	630	34	recognize	recognize	VERB
ftr-419	630	35	gain	gain	NOUN
ftr-419	630	36	or	or	CCONJ
ftr-419	630	37	loss	loss	NOUN
ftr-419	630	38	so	so	SCONJ
ftr-419	630	39	that	that	SCONJ
ftr-419	630	40	there	there	PRON
ftr-419	630	41	need	need	AUX
ftr-419	630	42	be	be	AUX
ftr-419	630	43	no	no	DET
ftr-419	630	44	deferral	deferral	ADV
ftr-419	630	45	built	build	VERB
ftr-419	630	46	into	into	ADP
ftr-419	630	47	the	the	DET
ftr-419	630	48	basis	basis	NOUN
ftr-419	630	49	of	of	ADP
ftr-419	630	50	that	that	DET
ftr-419	630	51	property	property	NOUN
ftr-419	630	52	.	.	PUNCT
ftr-419	631	1	but	but	CCONJ
ftr-419	631	2	,	,	PUNCT
ftr-419	631	3	a	a	DET
ftr-419	631	4	basis	basis	NOUN
ftr-419	631	5	of	of	ADP
ftr-419	631	6	fair	fair	ADJ
ftr-419	631	7	market	market	NOUN
ftr-419	631	8	value	value	NOUN
ftr-419	631	9	is	be	AUX
ftr-419	631	10	just	just	ADV
ftr-419	631	11	as	as	ADV
ftr-419	631	12	appropriate	appropriate	ADJ
ftr-419	631	13	when	when	SCONJ
ftr-419	631	14	the	the	DET
ftr-419	631	15	partnership	partnership	NOUN
ftr-419	631	16	does	do	AUX
ftr-419	631	17	not	not	PART
ftr-419	631	18	recognize	recognize	VERB
ftr-419	631	19	its	its	PRON
ftr-419	631	20	realized	realize	VERB
ftr-419	631	21	gain	gain	NOUN
ftr-419	631	22	or	or	CCONJ
ftr-419	631	23	loss	loss	NOUN
ftr-419	631	24	.	.	PUNCT
ftr-419	632	1	the	the	DET
ftr-419	632	2	reason	reason	NOUN
ftr-419	632	3	that	that	PRON
ftr-419	632	4	deferral	deferral	ADJ
ftr-419	632	5	need	need	NOUN
ftr-419	632	6	not	not	PART
ftr-419	632	7	be	be	AUX
ftr-419	632	8	built	build	VERB
ftr-419	632	9	into	into	ADP
ftr-419	632	10	the	the	DET
ftr-419	632	11	property	property	NOUN
ftr-419	632	12	received	receive	VERB
ftr-419	632	13	as	as	ADP
ftr-419	632	14	a	a	DET
ftr-419	632	15	guaranteed	guarantee	VERB
ftr-419	632	16	payment	payment	NOUN
ftr-419	632	17	even	even	ADV
ftr-419	632	18	when	when	SCONJ
ftr-419	632	19	the	the	DET
ftr-419	632	20	partnership	partnership	NOUN
ftr-419	632	21	,	,	PUNCT
ftr-419	632	22	'	'	PUNCT
ftr-419	632	23	s	s	PART
ftr-419	632	24	gain	gain	NOUN
ftr-419	632	25	or	or	CCONJ
ftr-419	632	26	loss	loss	NOUN
ftr-419	632	27	is	be	AUX
ftr-419	632	28	unrecognized	unrecognize	VERB
ftr-419	632	29	is	be	AUX
ftr-419	632	30	that	that	SCONJ
ftr-419	632	31	the	the	DET
ftr-419	632	32	deferral	deferral	NOUN
ftr-419	632	33	already	already	ADV
ftr-419	632	34	is	be	AUX
ftr-419	632	35	imbedded	imbed	VERB
ftr-419	632	36	in	in	ADP
ftr-419	632	37	the	the	DET
ftr-419	632	38	partner	partner	NOUN
ftr-419	632	39	's	's	PART
ftr-419	632	40	partnership	partnership	NOUN
ftr-419	632	41	interest	interest	NOUN
ftr-419	632	42	,	,	PUNCT
ftr-419	632	43	and	and	CCONJ
ftr-419	632	44	it	it	PRON
ftr-419	632	45	will	will	AUX
ftr-419	632	46	continue	continue	VERB
ftr-419	632	47	to	to	PART
ftr-419	632	48	be	be	AUX
ftr-419	632	49	there	there	ADV
ftr-419	632	50	after	after	SCONJ
ftr-419	632	51	the	the	DET
ftr-419	632	52	partner	partner	NOUN
ftr-419	632	53	receives	receive	VERB
ftr-419	632	54	the	the	DET
ftr-419	632	55	payment	payment	NOUN
ftr-419	632	56	.	.	PUNCT