id	sid	tid	token	lemma	pos
ftr-421	1	1	florida	florida	PROPN
ftr-421	1	2	tax	tax	NOUN
ftr-421	1	3	review	review	NOUN
ftr-421	1	4	volume	volume	NOUN
ftr-421	1	5	6	6	NUM
ftr-421	1	6	2004	2004	NUM
ftr-421	1	7	number	number	NOUN
ftr-421	1	8	6	6	NUM
ftr-421	1	9	family	family	NOUN
ftr-421	1	10	limited	limit	VERB
ftr-421	1	11	partnerships	partnership	NOUN
ftr-421	1	12	:	:	PUNCT
ftr-421	1	13	discounts	discount	NOUN
ftr-421	1	14	,	,	PUNCT
ftr-421	1	15	options	option	NOUN
ftr-421	1	16	,	,	PUNCT
ftr-421	1	17	and	and	CCONJ
ftr-421	1	18	disappearing	disappear	VERB
ftr-421	1	19	value	value	NOUN
ftr-421	1	20	karen	karen	PROPN
ftr-421	1	21	c.	c.	PROPN
ftr-421	1	22	burke	burke	PROPN
ftr-421	1	23	*	*	PROPN
ftr-421	2	1	grayson	grayson	PROPN
ftr-421	2	2	m.p	m.p	PROPN
ftr-421	2	3	.	.	PROPN
ftr-421	2	4	mccouch	mccouch	PROPN
ftr-421	2	5	*	*	PROPN
ftr-421	2	6	*	*	PUNCT
ftr-421	2	7	i.	i.	NOUN
ftr-421	2	8	introduction	introduction	NOUN
ftr-421	2	9	..	..	PUNCT
ftr-421	2	10	.	.	PUNCT
ftr-421	2	11	.	.	PUNCT
ftr-421	2	12	.	.	PUNCT
ftr-421	2	13	.	.	PUNCT
ftr-421	2	14	.	.	PUNCT
ftr-421	2	15	.	.	PUNCT
ftr-421	2	16	.	.	PUNCT
ftr-421	2	17	.	.	PUNCT
ftr-421	2	18	.	.	PUNCT
ftr-421	2	19	.	.	PUNCT
ftr-421	2	20	.	.	PUNCT
ftr-421	2	21	.	.	PUNCT
ftr-421	2	22	.	.	PUNCT
ftr-421	2	23	.	.	PUNCT
ftr-421	2	24	.	.	PUNCT
ftr-421	2	25	.	.	PUNCT
ftr-421	2	26	.	.	PUNCT
ftr-421	2	27	.	.	PUNCT
ftr-421	2	28	.	.	PUNCT
ftr-421	2	29	.	.	PUNCT
ftr-421	2	30	.	.	PUNCT
ftr-421	2	31	.	.	PUNCT
ftr-421	2	32	.	.	PUNCT
ftr-421	2	33	.	.	PUNCT
ftr-421	2	34	.	.	PUNCT
ftr-421	2	35	.	.	PUNCT
ftr-421	2	36	.	.	PUNCT
ftr-421	2	37	.	.	PUNCT
ftr-421	2	38	.	.	PUNCT
ftr-421	2	39	.	.	PUNCT
ftr-421	2	40	.	.	PUNCT
ftr-421	2	41	.	.	PUNCT
ftr-421	2	42	.	.	PUNCT
ftr-421	2	43	.	.	PUNCT
ftr-421	2	44	.	.	PUNCT
ftr-421	2	45	.	.	PUNCT
ftr-421	2	46	.	.	PUNCT
ftr-421	3	1	650	650	NUM
ftr-421	3	2	ii	ii	NOUN
ftr-421	3	3	.	.	PUNCT
ftr-421	3	4	disappearing	disappear	VERB
ftr-421	3	5	value	value	NOUN
ftr-421	3	6	.	.	PUNCT
ftr-421	3	7	.	.	PUNCT
ftr-421	3	8	.	.	PUNCT
ftr-421	3	9	.	.	PUNCT
ftr-421	3	10	.	.	PUNCT
ftr-421	3	11	.	.	PUNCT
ftr-421	3	12	.	.	PUNCT
ftr-421	3	13	.	.	PUNCT
ftr-421	3	14	.	.	PUNCT
ftr-421	3	15	.	.	PUNCT
ftr-421	3	16	.	.	PUNCT
ftr-421	3	17	.	.	PUNCT
ftr-421	3	18	.	.	PUNCT
ftr-421	3	19	.	.	PUNCT
ftr-421	3	20	.	.	PUNCT
ftr-421	3	21	.	.	PUNCT
ftr-421	3	22	.	.	PUNCT
ftr-421	3	23	.	.	PUNCT
ftr-421	3	24	.	.	PUNCT
ftr-421	3	25	.	.	PUNCT
ftr-421	3	26	.	.	PUNCT
ftr-421	3	27	.	.	PUNCT
ftr-421	3	28	.	.	PUNCT
ftr-421	3	29	.	.	PUNCT
ftr-421	3	30	.	.	PUNCT
ftr-421	3	31	.	.	PUNCT
ftr-421	3	32	.	.	PUNCT
ftr-421	3	33	.	.	PUNCT
ftr-421	3	34	.	.	PUNCT
ftr-421	3	35	.	.	PUNCT
ftr-421	3	36	.	.	PUNCT
ftr-421	3	37	.	.	PUNCT
ftr-421	4	1	650	650	NUM
ftr-421	4	2	iii	iii	NOUN
ftr-421	4	3	.	.	PUNCT
ftr-421	4	4	partnership	partnership	NOUN
ftr-421	4	5	discounts	discount	NOUN
ftr-421	4	6	and	and	CCONJ
ftr-421	4	7	options	option	NOUN
ftr-421	4	8	.	.	PUNCT
ftr-421	4	9	.	.	PUNCT
ftr-421	4	10	.	.	PUNCT
ftr-421	4	11	.	.	PUNCT
ftr-421	4	12	.	.	PUNCT
ftr-421	4	13	.	.	PUNCT
ftr-421	4	14	.	.	PUNCT
ftr-421	4	15	.	.	PUNCT
ftr-421	4	16	.	.	PUNCT
ftr-421	4	17	.	.	PUNCT
ftr-421	4	18	.	.	PUNCT
ftr-421	4	19	.	.	PUNCT
ftr-421	4	20	.	.	PUNCT
ftr-421	4	21	.	.	PUNCT
ftr-421	4	22	.	.	PUNCT
ftr-421	4	23	.	.	PUNCT
ftr-421	4	24	.	.	PUNCT
ftr-421	4	25	.	.	PUNCT
ftr-421	5	1	655	655	NUM
ftr-421	5	2	a.	a.	NOUN
ftr-421	5	3	formation	formation	NOUN
ftr-421	5	4	.	.	PUNCT
ftr-421	5	5	.	.	PUNCT
ftr-421	5	6	.	.	PUNCT
ftr-421	5	7	.	.	PUNCT
ftr-421	5	8	.	.	PUNCT
ftr-421	5	9	.	.	PUNCT
ftr-421	5	10	.	.	PUNCT
ftr-421	5	11	.	.	PUNCT
ftr-421	5	12	.	.	PUNCT
ftr-421	5	13	.	.	PUNCT
ftr-421	5	14	.	.	PUNCT
ftr-421	5	15	.	.	PUNCT
ftr-421	5	16	.	.	PUNCT
ftr-421	5	17	.	.	PUNCT
ftr-421	5	18	.	.	PUNCT
ftr-421	5	19	.	.	PUNCT
ftr-421	5	20	.	.	PUNCT
ftr-421	5	21	.	.	PUNCT
ftr-421	5	22	.	.	PUNCT
ftr-421	5	23	.	.	PUNCT
ftr-421	5	24	.	.	PUNCT
ftr-421	5	25	.	.	PUNCT
ftr-421	5	26	.	.	PUNCT
ftr-421	5	27	.	.	PUNCT
ftr-421	5	28	.	.	PUNCT
ftr-421	5	29	.	.	PUNCT
ftr-421	5	30	.	.	PUNCT
ftr-421	5	31	.	.	PUNCT
ftr-421	5	32	.	.	PUNCT
ftr-421	5	33	.	.	PUNCT
ftr-421	5	34	.	.	PUNCT
ftr-421	5	35	.	.	PUNCT
ftr-421	5	36	.	.	PUNCT
ftr-421	5	37	.	.	PUNCT
ftr-421	5	38	.	.	PUNCT
ftr-421	5	39	.	.	PUNCT
ftr-421	6	1	655	655	NUM
ftr-421	6	2	b.	b.	NOUN
ftr-421	6	3	transfer	transfer	NOUN
ftr-421	6	4	of	of	ADP
ftr-421	6	5	interest	interest	NOUN
ftr-421	6	6	.	.	PUNCT
ftr-421	6	7	.	.	PUNCT
ftr-421	6	8	.	.	PUNCT
ftr-421	6	9	.	.	PUNCT
ftr-421	6	10	.	.	PUNCT
ftr-421	6	11	.	.	PUNCT
ftr-421	6	12	.	.	PUNCT
ftr-421	6	13	.	.	PUNCT
ftr-421	6	14	.	.	PUNCT
ftr-421	6	15	.	.	PUNCT
ftr-421	6	16	.	.	PUNCT
ftr-421	6	17	.	.	PUNCT
ftr-421	6	18	.	.	PUNCT
ftr-421	6	19	.	.	PUNCT
ftr-421	6	20	.	.	PUNCT
ftr-421	6	21	.	.	PUNCT
ftr-421	6	22	.	.	PUNCT
ftr-421	6	23	.	.	PUNCT
ftr-421	6	24	.	.	PUNCT
ftr-421	6	25	.	.	PUNCT
ftr-421	6	26	.	.	PUNCT
ftr-421	6	27	.	.	PUNCT
ftr-421	6	28	.	.	PUNCT
ftr-421	6	29	.	.	PUNCT
ftr-421	6	30	.	.	PUNCT
ftr-421	6	31	.	.	PUNCT
ftr-421	6	32	.	.	PUNCT
ftr-421	6	33	.	.	PUNCT
ftr-421	6	34	.	.	PUNCT
ftr-421	7	1	656	656	NUM
ftr-421	7	2	c.	c.	NOUN
ftr-421	7	3	purchase	purchase	NOUN
ftr-421	7	4	from	from	ADP
ftr-421	7	5	partnership	partnership	NOUN
ftr-421	7	6	.	.	PUNCT
ftr-421	7	7	.	.	PUNCT
ftr-421	7	8	.	.	PUNCT
ftr-421	7	9	.	.	PUNCT
ftr-421	7	10	.	.	PUNCT
ftr-421	7	11	.	.	PUNCT
ftr-421	7	12	.	.	PUNCT
ftr-421	7	13	.	.	PUNCT
ftr-421	7	14	.	.	PUNCT
ftr-421	7	15	.	.	PUNCT
ftr-421	7	16	.	.	PUNCT
ftr-421	7	17	.	.	PUNCT
ftr-421	7	18	.	.	PUNCT
ftr-421	7	19	.	.	PUNCT
ftr-421	7	20	.	.	PUNCT
ftr-421	7	21	.	.	PUNCT
ftr-421	7	22	.	.	PUNCT
ftr-421	7	23	.	.	PUNCT
ftr-421	7	24	.	.	PUNCT
ftr-421	7	25	.	.	PUNCT
ftr-421	7	26	.	.	PUNCT
ftr-421	7	27	.	.	PUNCT
ftr-421	8	1	.	.	PUNCT
ftr-421	9	1	659	659	NUM
ftr-421	9	2	iv	iv	NUM
ftr-421	9	3	.	.	PUNCT
ftr-421	9	4	preserving	preserve	VERB
ftr-421	9	5	value	value	NOUN
ftr-421	9	6	.	.	PUNCT
ftr-421	9	7	.	.	PUNCT
ftr-421	9	8	.	.	PUNCT
ftr-421	9	9	.	.	PUNCT
ftr-421	9	10	.	.	PUNCT
ftr-421	9	11	.	.	PUNCT
ftr-421	9	12	.	.	PUNCT
ftr-421	9	13	.	.	PUNCT
ftr-421	9	14	.	.	PUNCT
ftr-421	9	15	.	.	PUNCT
ftr-421	9	16	.	.	PUNCT
ftr-421	9	17	.	.	PUNCT
ftr-421	9	18	.	.	PUNCT
ftr-421	9	19	.	.	PUNCT
ftr-421	9	20	.	.	PUNCT
ftr-421	9	21	.	.	PUNCT
ftr-421	9	22	.	.	PUNCT
ftr-421	9	23	.	.	PUNCT
ftr-421	9	24	.	.	PUNCT
ftr-421	9	25	.	.	PUNCT
ftr-421	9	26	.	.	PUNCT
ftr-421	9	27	.	.	PUNCT
ftr-421	9	28	.	.	PUNCT
ftr-421	9	29	.	.	PUNCT
ftr-421	9	30	.	.	PUNCT
ftr-421	9	31	.	.	PUNCT
ftr-421	9	32	.	.	PUNCT
ftr-421	9	33	.	.	PUNCT
ftr-421	9	34	.	.	PUNCT
ftr-421	9	35	.	.	PUNCT
ftr-421	9	36	.	.	PUNCT
ftr-421	9	37	.	.	PUNCT
ftr-421	9	38	.	.	PUNCT
ftr-421	10	1	.	.	PUNCT
ftr-421	11	1	665	665	NUM
ftr-421	11	2	v.	v.	ADP
ftr-421	11	3	conclusion	conclusion	NOUN
ftr-421	11	4	.	.	PUNCT
ftr-421	11	5	.	.	PUNCT
ftr-421	11	6	.	.	PUNCT
ftr-421	11	7	.	.	PUNCT
ftr-421	11	8	.	.	PUNCT
ftr-421	11	9	.	.	PUNCT
ftr-421	11	10	.	.	PUNCT
ftr-421	11	11	.	.	PUNCT
ftr-421	11	12	.	.	PUNCT
ftr-421	11	13	.	.	PUNCT
ftr-421	11	14	.	.	PUNCT
ftr-421	11	15	.	.	PUNCT
ftr-421	11	16	.	.	PUNCT
ftr-421	11	17	.	.	PUNCT
ftr-421	11	18	.	.	PUNCT
ftr-421	11	19	.	.	PUNCT
ftr-421	11	20	.	.	PUNCT
ftr-421	11	21	.	.	PUNCT
ftr-421	11	22	.	.	PUNCT
ftr-421	11	23	.	.	PUNCT
ftr-421	11	24	.	.	PUNCT
ftr-421	11	25	.	.	PUNCT
ftr-421	11	26	.	.	PUNCT
ftr-421	11	27	.	.	PUNCT
ftr-421	11	28	.	.	PUNCT
ftr-421	11	29	.	.	PUNCT
ftr-421	11	30	.	.	PUNCT
ftr-421	11	31	.	.	PUNCT
ftr-421	11	32	.	.	PUNCT
ftr-421	11	33	.	.	PUNCT
ftr-421	11	34	.	.	PUNCT
ftr-421	11	35	.	.	PUNCT
ftr-421	11	36	.	.	PUNCT
ftr-421	11	37	.	.	PUNCT
ftr-421	11	38	.	.	PUNCT
ftr-421	11	39	.	.	PUNCT
ftr-421	11	40	.	.	PUNCT
ftr-421	11	41	.	.	PUNCT
ftr-421	11	42	.	.	PUNCT
ftr-421	11	43	.	.	PUNCT
ftr-421	12	1	670	670	NUM
ftr-421	12	2	addendum	addendum	PROPN
ftr-421	12	3	.	.	PUNCT
ftr-421	12	4	.	.	PUNCT
ftr-421	12	5	.	.	PUNCT
ftr-421	12	6	.	.	PUNCT
ftr-421	12	7	.	.	PUNCT
ftr-421	12	8	.	.	PUNCT
ftr-421	12	9	.	.	PUNCT
ftr-421	12	10	.	.	PUNCT
ftr-421	12	11	.	.	PUNCT
ftr-421	12	12	.	.	PUNCT
ftr-421	12	13	.	.	PUNCT
ftr-421	12	14	.	.	PUNCT
ftr-421	12	15	.	.	PUNCT
ftr-421	12	16	.	.	PUNCT
ftr-421	12	17	.	.	PUNCT
ftr-421	12	18	.	.	PUNCT
ftr-421	12	19	.	.	PUNCT
ftr-421	12	20	.	.	PUNCT
ftr-421	12	21	.	.	PUNCT
ftr-421	12	22	.	.	PUNCT
ftr-421	12	23	.	.	PUNCT
ftr-421	12	24	.	.	PUNCT
ftr-421	12	25	.	.	PUNCT
ftr-421	12	26	.	.	PUNCT
ftr-421	12	27	.	.	PUNCT
ftr-421	12	28	.	.	PUNCT
ftr-421	12	29	.	.	PUNCT
ftr-421	12	30	.	.	PUNCT
ftr-421	12	31	.	.	PUNCT
ftr-421	12	32	.	.	PUNCT
ftr-421	12	33	.	.	PUNCT
ftr-421	12	34	.	.	PUNCT
ftr-421	12	35	.	.	PUNCT
ftr-421	12	36	.	.	PUNCT
ftr-421	12	37	.	.	PUNCT
ftr-421	12	38	.	.	PUNCT
ftr-421	12	39	.	.	PUNCT
ftr-421	12	40	.	.	PUNCT
ftr-421	12	41	.	.	PUNCT
ftr-421	12	42	.	.	PUNCT
ftr-421	12	43	.	.	PUNCT
ftr-421	12	44	.	.	PUNCT
ftr-421	13	1	672	672	NUM
ftr-421	13	2	*	*	PUNCT
ftr-421	13	3	warren	warren	PROPN
ftr-421	13	4	distinguished	distinguished	PROPN
ftr-421	13	5	professor	professor	NOUN
ftr-421	13	6	,	,	PUNCT
ftr-421	13	7	university	university	PROPN
ftr-421	13	8	of	of	ADP
ftr-421	13	9	san	san	PROPN
ftr-421	13	10	diego	diego	PROPN
ftr-421	13	11	school	school	PROPN
ftr-421	13	12	of	of	ADP
ftr-421	13	13	law	law	NOUN
ftr-421	13	14	.	.	PUNCT
ftr-421	14	1	*	*	PUNCT
ftr-421	14	2	*	*	PUNCT
ftr-421	14	3	professor	professor	NOUN
ftr-421	14	4	,	,	PUNCT
ftr-421	14	5	university	university	PROPN
ftr-421	14	6	of	of	ADP
ftr-421	14	7	san	san	PROPN
ftr-421	14	8	diego	diego	PROPN
ftr-421	14	9	school	school	PROPN
ftr-421	14	10	of	of	ADP
ftr-421	14	11	law	law	NOUN
ftr-421	14	12	.	.	PUNCT
ftr-421	15	1	the	the	DET
ftr-421	15	2	authors	author	NOUN
ftr-421	15	3	acknowledge	acknowledge	VERB
ftr-421	15	4	generous	generous	ADJ
ftr-421	15	5	research	research	NOUN
ftr-421	15	6	support	support	NOUN
ftr-421	15	7	from	from	ADP
ftr-421	15	8	the	the	DET
ftr-421	15	9	university	university	PROPN
ftr-421	15	10	of	of	ADP
ftr-421	15	11	san	san	PROPN
ftr-421	15	12	diego	diego	PROPN
ftr-421	15	13	school	school	PROPN
ftr-421	15	14	of	of	ADP
ftr-421	15	15	law	law	NOUN
ftr-421	15	16	.	.	PUNCT
ftr-421	16	1	649	649	NUM
ftr-421	16	2	650	650	NUM
ftr-421	16	3	florida	florida	PROPN
ftr-421	16	4	tax	tax	NOUN
ftr-421	16	5	review	review	NOUN
ftr-421	16	6	[	[	X
ftr-421	16	7	vol.6:6	vol.6:6	NOUN
ftr-421	16	8	i.	i.	PROPN
ftr-421	16	9	introduction	introduction	PROPN
ftr-421	16	10	family	family	NOUN
ftr-421	16	11	partnerships	partnership	NOUN
ftr-421	16	12	have	have	AUX
ftr-421	16	13	been	be	AUX
ftr-421	16	14	become	become	VERB
ftr-421	16	15	increasingly	increasingly	ADV
ftr-421	16	16	popular	popular	ADJ
ftr-421	16	17	as	as	ADP
ftr-421	16	18	a	a	DET
ftr-421	16	19	means	means	NOUN
ftr-421	16	20	of	of	ADP
ftr-421	16	21	avoiding	avoid	VERB
ftr-421	16	22	estate	estate	NOUN
ftr-421	16	23	and	and	CCONJ
ftr-421	16	24	gift	gift	NOUN
ftr-421	16	25	taxes	taxis	NOUN
ftr-421	16	26	.	.	PUNCT
ftr-421	17	1	as	as	SCONJ
ftr-421	17	2	other	other	ADJ
ftr-421	17	3	estate	estate	NOUN
ftr-421	17	4	freezing	freezing	NOUN
ftr-421	17	5	techniques	technique	NOUN
ftr-421	17	6	have	have	AUX
ftr-421	17	7	been	be	AUX
ftr-421	17	8	closed	close	VERB
ftr-421	17	9	off	off	ADP
ftr-421	17	10	by	by	ADP
ftr-421	17	11	statutory	statutory	ADJ
ftr-421	17	12	anti	anti	ADJ
ftr-421	17	13	-	-	ADJ
ftr-421	17	14	abuse	abuse	ADJ
ftr-421	17	15	rules	rule	NOUN
ftr-421	17	16	,	,	PUNCT
ftr-421	17	17	estate	estate	NOUN
ftr-421	17	18	planners	planner	NOUN
ftr-421	17	19	have	have	AUX
ftr-421	17	20	increasingly	increasingly	ADV
ftr-421	17	21	resorted	resort	VERB
ftr-421	17	22	to	to	ADP
ftr-421	17	23	partnerships	partnership	NOUN
ftr-421	17	24	as	as	ADP
ftr-421	17	25	a	a	DET
ftr-421	17	26	vehicle	vehicle	NOUN
ftr-421	17	27	for	for	ADP
ftr-421	17	28	transferring	transfer	VERB
ftr-421	17	29	assets	asset	NOUN
ftr-421	17	30	within	within	ADP
ftr-421	17	31	a	a	DET
ftr-421	17	32	family	family	NOUN
ftr-421	17	33	at	at	ADP
ftr-421	17	34	deeply	deeply	ADV
ftr-421	17	35	discounted	discount	VERB
ftr-421	17	36	values	value	NOUN
ftr-421	17	37	.	.	PUNCT
ftr-421	18	1	discounts	discount	NOUN
ftr-421	18	2	ranging	range	VERB
ftr-421	18	3	from	from	ADP
ftr-421	18	4	one	one	NUM
ftr-421	18	5	third	third	NOUN
ftr-421	18	6	to	to	ADP
ftr-421	18	7	over	over	ADP
ftr-421	18	8	one	one	NUM
ftr-421	18	9	half	half	NOUN
ftr-421	18	10	of	of	ADP
ftr-421	18	11	the	the	DET
ftr-421	18	12	value	value	NOUN
ftr-421	18	13	of	of	ADP
ftr-421	18	14	the	the	DET
ftr-421	18	15	underlying	underlie	VERB
ftr-421	18	16	assets	asset	NOUN
ftr-421	18	17	are	be	AUX
ftr-421	18	18	routinely	routinely	ADV
ftr-421	18	19	claimed	claim	VERB
ftr-421	18	20	,	,	PUNCT
ftr-421	18	21	and	and	CCONJ
ftr-421	18	22	often	often	ADV
ftr-421	18	23	allowed	allow	VERB
ftr-421	18	24	,	,	PUNCT
ftr-421	18	25	based	base	VERB
ftr-421	18	26	on	on	ADP
ftr-421	18	27	lack	lack	NOUN
ftr-421	18	28	of	of	ADP
ftr-421	18	29	marketability	marketability	NOUN
ftr-421	18	30	and	and	CCONJ
ftr-421	18	31	lack	lack	NOUN
ftr-421	18	32	of	of	ADP
ftr-421	18	33	control	control	NOUN
ftr-421	18	34	,	,	PUNCT
ftr-421	18	35	even	even	ADV
ftr-421	18	36	where	where	SCONJ
ftr-421	18	37	these	these	DET
ftr-421	18	38	disabilities	disability	NOUN
ftr-421	18	39	have	have	VERB
ftr-421	18	40	no	no	DET
ftr-421	18	41	lasting	lasting	ADJ
ftr-421	18	42	or	or	CCONJ
ftr-421	18	43	ascertainable	ascertainable	ADJ
ftr-421	18	44	economic	economic	ADJ
ftr-421	18	45	effect	effect	NOUN
ftr-421	18	46	.	.	PUNCT
ftr-421	19	1	nevertheless	nevertheless	ADV
ftr-421	19	2	,	,	PUNCT
ftr-421	19	3	the	the	DET
ftr-421	19	4	use	use	NOUN
ftr-421	19	5	of	of	ADP
ftr-421	19	6	family	family	NOUN
ftr-421	19	7	partnerships	partnership	NOUN
ftr-421	19	8	to	to	PART
ftr-421	19	9	suppress	suppress	VERB
ftr-421	19	10	value	value	NOUN
ftr-421	19	11	for	for	SCONJ
ftr-421	19	12	transfer	transfer	NOUN
ftr-421	19	13	tax	tax	NOUN
ftr-421	19	14	purposes	purpose	NOUN
ftr-421	19	15	rests	rest	VERB
ftr-421	19	16	on	on	ADP
ftr-421	19	17	shaky	shaky	ADJ
ftr-421	19	18	conceptual	conceptual	ADJ
ftr-421	19	19	premises	premise	NOUN
ftr-421	19	20	that	that	PRON
ftr-421	19	21	deserve	deserve	VERB
ftr-421	19	22	closer	close	ADJ
ftr-421	19	23	scrutiny.1	scrutiny.1	PROPN
ftr-421	19	24	ii	ii	PROPN
ftr-421	19	25	.	.	PUNCT
ftr-421	20	1	disappearing	disappear	VERB
ftr-421	20	2	value	value	NOUN
ftr-421	20	3	reduced	reduce	VERB
ftr-421	20	4	to	to	ADP
ftr-421	20	5	its	its	PRON
ftr-421	20	6	essential	essential	ADJ
ftr-421	20	7	components	component	NOUN
ftr-421	20	8	,	,	PUNCT
ftr-421	20	9	the	the	DET
ftr-421	20	10	family	family	NOUN
ftr-421	20	11	partnership	partnership	NOUN
ftr-421	20	12	transaction	transaction	NOUN
ftr-421	20	13	operates	operate	VERB
ftr-421	20	14	as	as	ADP
ftr-421	20	15	a	a	DET
ftr-421	20	16	sort	sort	NOUN
ftr-421	20	17	of	of	ADP
ftr-421	20	18	sleight	sleight	NOUN
ftr-421	20	19	-	-	PUNCT
ftr-421	20	20	of	of	ADP
ftr-421	20	21	-	-	PUNCT
ftr-421	20	22	hand	hand	NOUN
ftr-421	20	23	trick	trick	NOUN
ftr-421	20	24	in	in	ADP
ftr-421	20	25	two	two	NUM
ftr-421	20	26	steps	step	NOUN
ftr-421	20	27	.	.	PUNCT
ftr-421	21	1	in	in	ADP
ftr-421	21	2	the	the	DET
ftr-421	21	3	first	first	ADJ
ftr-421	21	4	step	step	NOUN
ftr-421	21	5	,	,	PUNCT
ftr-421	21	6	the	the	DET
ftr-421	21	7	transferor	transferor	NOUN
ftr-421	21	8	contributes	contribute	VERB
ftr-421	21	9	assets	asset	NOUN
ftr-421	21	10	to	to	ADP
ftr-421	21	11	a	a	DET
ftr-421	21	12	partnership	partnership	NOUN
ftr-421	21	13	in	in	ADP
ftr-421	21	14	exchange	exchange	NOUN
ftr-421	21	15	for	for	ADP
ftr-421	21	16	a	a	DET
ftr-421	21	17	limited	limited	ADJ
ftr-421	21	18	partnership	partnership	NOUN
ftr-421	21	19	interest	interest	NOUN
ftr-421	21	20	.	.	PUNCT
ftr-421	22	1	in	in	ADP
ftr-421	22	2	the	the	DET
ftr-421	22	3	second	second	ADJ
ftr-421	22	4	step	step	NOUN
ftr-421	22	5	,	,	PUNCT
ftr-421	22	6	the	the	DET
ftr-421	22	7	transferor	transferor	NOUN
ftr-421	22	8	transfers	transfer	VERB
ftr-421	22	9	the	the	DET
ftr-421	22	10	partnership	partnership	NOUN
ftr-421	22	11	interest	interest	NOUN
ftr-421	22	12	,	,	PUNCT
ftr-421	22	13	during	during	ADP
ftr-421	22	14	life	life	NOUN
ftr-421	22	15	or	or	CCONJ
ftr-421	22	16	at	at	ADP
ftr-421	22	17	death	death	NOUN
ftr-421	22	18	,	,	PUNCT
ftr-421	22	19	to	to	ADP
ftr-421	22	20	another	another	DET
ftr-421	22	21	family	family	NOUN
ftr-421	22	22	member	member	NOUN
ftr-421	22	23	.	.	PUNCT
ftr-421	23	1	if	if	SCONJ
ftr-421	23	2	the	the	DET
ftr-421	23	3	technique	technique	NOUN
ftr-421	23	4	is	be	AUX
ftr-421	23	5	successful	successful	ADJ
ftr-421	23	6	,	,	PUNCT
ftr-421	23	7	the	the	DET
ftr-421	23	8	initial	initial	ADJ
ftr-421	23	9	exchange	exchange	NOUN
ftr-421	23	10	does	do	AUX
ftr-421	23	11	not	not	PART
ftr-421	23	12	give	give	VERB
ftr-421	23	13	rise	rise	NOUN
ftr-421	23	14	to	to	ADP
ftr-421	23	15	a	a	DET
ftr-421	23	16	taxable	taxable	ADJ
ftr-421	23	17	gift	gift	NOUN
ftr-421	23	18	because	because	SCONJ
ftr-421	23	19	no	no	DET
ftr-421	23	20	value	value	NOUN
ftr-421	23	21	is	be	AUX
ftr-421	23	22	actually	actually	ADV
ftr-421	23	23	shifted	shift	VERB
ftr-421	23	24	at	at	ADP
ftr-421	23	25	that	that	DET
ftr-421	23	26	time	time	NOUN
ftr-421	23	27	.	.	PUNCT
ftr-421	24	1	in	in	ADP
ftr-421	24	2	effect	effect	NOUN
ftr-421	24	3	,	,	PUNCT
ftr-421	24	4	the	the	DET
ftr-421	24	5	partnership	partnership	NOUN
ftr-421	24	6	interest	interest	NOUN
ftr-421	24	7	is	be	AUX
ftr-421	24	8	deemed	deem	VERB
ftr-421	24	9	to	to	PART
ftr-421	24	10	represent	represent	VERB
ftr-421	24	11	full	full	ADJ
ftr-421	24	12	consideration	consideration	NOUN
ftr-421	24	13	for	for	ADP
ftr-421	24	14	the	the	DET
ftr-421	24	15	contributed	contribute	VERB
ftr-421	24	16	assets	asset	NOUN
ftr-421	24	17	.	.	PUNCT
ftr-421	25	1	the	the	DET
ftr-421	25	2	shift	shift	NOUN
ftr-421	25	3	in	in	ADP
ftr-421	25	4	value	value	NOUN
ftr-421	25	5	occurs	occur	VERB
ftr-421	25	6	in	in	ADP
ftr-421	25	7	the	the	DET
ftr-421	25	8	subsequent	subsequent	ADJ
ftr-421	25	9	transfer	transfer	NOUN
ftr-421	25	10	,	,	PUNCT
ftr-421	25	11	and	and	CCONJ
ftr-421	25	12	at	at	ADP
ftr-421	25	13	that	that	DET
ftr-421	25	14	time	time	NOUN
ftr-421	25	15	the	the	DET
ftr-421	25	16	amount	amount	NOUN
ftr-421	25	17	included	include	VERB
ftr-421	25	18	in	in	ADP
ftr-421	25	19	the	the	DET
ftr-421	25	20	transferor	transferor	NOUN
ftr-421	25	21	’s	’s	PART
ftr-421	25	22	gift	gift	NOUN
ftr-421	25	23	or	or	CCONJ
ftr-421	25	24	estate	estate	NOUN
ftr-421	25	25	tax	tax	NOUN
ftr-421	25	26	base	base	NOUN
ftr-421	25	27	is	be	AUX
ftr-421	25	28	equal	equal	ADJ
ftr-421	25	29	to	to	ADP
ftr-421	25	30	the	the	DET
ftr-421	25	31	fair	fair	ADJ
ftr-421	25	32	market	market	NOUN
ftr-421	25	33	value	value	NOUN
ftr-421	25	34	of	of	ADP
ftr-421	25	35	the	the	DET
ftr-421	25	36	transferred	transfer	VERB
ftr-421	25	37	interest	interest	NOUN
ftr-421	25	38	,	,	PUNCT
ftr-421	25	39	reflecting	reflect	VERB
ftr-421	25	40	a	a	DET
ftr-421	25	41	substantial	substantial	ADJ
ftr-421	25	42	discount	discount	NOUN
ftr-421	25	43	from	from	ADP
ftr-421	25	44	the	the	DET
ftr-421	25	45	value	value	NOUN
ftr-421	25	46	of	of	ADP
ftr-421	25	47	the	the	DET
ftr-421	25	48	assets	asset	NOUN
ftr-421	25	49	in	in	ADP
ftr-421	25	50	the	the	DET
ftr-421	25	51	partnership	partnership	NOUN
ftr-421	25	52	’s	’s	PART
ftr-421	25	53	hands	hand	NOUN
ftr-421	25	54	.	.	PUNCT
ftr-421	26	1	the	the	DET
ftr-421	26	2	difference	difference	NOUN
ftr-421	26	3	between	between	ADP
ftr-421	26	4	the	the	DET
ftr-421	26	5	“	"	PUNCT
ftr-421	26	6	inside	inside	ADJ
ftr-421	26	7	”	"	PUNCT
ftr-421	26	8	value	value	NOUN
ftr-421	26	9	of	of	ADP
ftr-421	26	10	the	the	DET
ftr-421	26	11	contributed	contribute	VERB
ftr-421	26	12	assets	asset	NOUN
ftr-421	26	13	and	and	CCONJ
ftr-421	26	14	the	the	DET
ftr-421	26	15	“	"	PUNCT
ftr-421	26	16	outside	outside	ADJ
ftr-421	26	17	”	"	PUNCT
ftr-421	26	18	value	value	NOUN
ftr-421	26	19	of	of	ADP
ftr-421	26	20	the	the	DET
ftr-421	26	21	partnership	partnership	NOUN
ftr-421	26	22	interest	interest	NOUN
ftr-421	26	23	–	–	PUNCT
ftr-421	26	24	the	the	DET
ftr-421	26	25	entity	entity	NOUN
ftr-421	26	26	discount	discount	NOUN
ftr-421	26	27	–	–	PUNCT
ftr-421	26	28	escapes	escape	VERB
ftr-421	26	29	transfer	transfer	NOUN
ftr-421	26	30	tax	tax	NOUN
ftr-421	26	31	altogether	altogether	ADV
ftr-421	26	32	,	,	PUNCT
ftr-421	26	33	even	even	ADV
ftr-421	26	34	though	though	SCONJ
ftr-421	26	35	the	the	DET
ftr-421	26	36	assets	asset	NOUN
ftr-421	26	37	remain	remain	VERB
ftr-421	26	38	intact	intact	ADJ
ftr-421	26	39	in	in	ADP
ftr-421	26	40	partnership	partnership	NOUN
ftr-421	26	41	solution	solution	NOUN
ftr-421	26	42	and	and	CCONJ
ftr-421	26	43	available	available	ADJ
ftr-421	26	44	for	for	ADP
ftr-421	26	45	tax	tax	NOUN
ftr-421	26	46	-	-	PUNCT
ftr-421	26	47	free	free	ADJ
ftr-421	26	48	distribution	distribution	NOUN
ftr-421	26	49	to	to	ADP
ftr-421	26	50	the	the	DET
ftr-421	26	51	transferee	transferee	NOUN
ftr-421	26	52	upon	upon	SCONJ
ftr-421	26	53	liquidation	liquidation	NOUN
ftr-421	26	54	.	.	PUNCT
ftr-421	27	1	the	the	DET
ftr-421	27	2	use	use	NOUN
ftr-421	27	3	of	of	ADP
ftr-421	27	4	family	family	NOUN
ftr-421	27	5	partnerships	partnership	NOUN
ftr-421	27	6	can	can	AUX
ftr-421	27	7	be	be	AUX
ftr-421	27	8	illustrated	illustrate	VERB
ftr-421	27	9	by	by	ADP
ftr-421	27	10	a	a	DET
ftr-421	27	11	simple	simple	ADJ
ftr-421	27	12	example	example	NOUN
ftr-421	27	13	involving	involve	VERB
ftr-421	27	14	a	a	PRON
ftr-421	27	15	and	and	CCONJ
ftr-421	27	16	her	her	PRON
ftr-421	27	17	two	two	NUM
ftr-421	27	18	children	child	NOUN
ftr-421	27	19	b	b	NOUN
ftr-421	27	20	and	and	CCONJ
ftr-421	27	21	c.	c.	PROPN
ftr-421	27	22	a	a	PRON
ftr-421	27	23	contributes	contribute	VERB
ftr-421	27	24	investment	investment	NOUN
ftr-421	27	25	assets	asset	NOUN
ftr-421	27	26	1	1	NUM
ftr-421	27	27	.	.	PUNCT
ftr-421	28	1	for	for	ADP
ftr-421	28	2	a	a	DET
ftr-421	28	3	valuable	valuable	ADJ
ftr-421	28	4	recent	recent	ADJ
ftr-421	28	5	discussion	discussion	NOUN
ftr-421	28	6	of	of	ADP
ftr-421	28	7	family	family	NOUN
ftr-421	28	8	partnerships	partnership	NOUN
ftr-421	28	9	and	and	CCONJ
ftr-421	28	10	transfer	transfer	VERB
ftr-421	28	11	tax	tax	NOUN
ftr-421	28	12	avoidance	avoidance	NOUN
ftr-421	28	13	,	,	PUNCT
ftr-421	28	14	see	see	VERB
ftr-421	28	15	laura	laura	PROPN
ftr-421	28	16	e.	e.	PROPN
ftr-421	28	17	cunningham	cunningham	PROPN
ftr-421	28	18	,	,	PUNCT
ftr-421	28	19	remember	remember	VERB
ftr-421	28	20	the	the	DET
ftr-421	28	21	alamo	alamo	PROPN
ftr-421	28	22	:	:	PUNCT
ftr-421	28	23	the	the	DET
ftr-421	28	24	irs	irs	PROPN
ftr-421	28	25	needs	need	VERB
ftr-421	28	26	ammunition	ammunition	NOUN
ftr-421	28	27	in	in	ADP
ftr-421	28	28	its	its	PRON
ftr-421	28	29	fight	fight	NOUN
ftr-421	28	30	against	against	ADP
ftr-421	28	31	the	the	DET
ftr-421	28	32	flp	flp	NOUN
ftr-421	28	33	,	,	PUNCT
ftr-421	28	34	86	86	NUM
ftr-421	28	35	tax	tax	NOUN
ftr-421	28	36	notes	note	NOUN
ftr-421	28	37	1461	1461	NUM
ftr-421	28	38	(	(	PUNCT
ftr-421	28	39	mar	mar	PROPN
ftr-421	28	40	.	.	PROPN
ftr-421	28	41	13	13	NUM
ftr-421	28	42	,	,	PUNCT
ftr-421	28	43	2000	2000	NUM
ftr-421	28	44	)	)	PUNCT
ftr-421	28	45	,	,	PUNCT
ftr-421	28	46	and	and	CCONJ
ftr-421	28	47	sources	source	NOUN
ftr-421	28	48	cited	cite	VERB
ftr-421	28	49	therein	therein	ADV
ftr-421	28	50	.	.	PUNCT
ftr-421	29	1	see	see	VERB
ftr-421	29	2	also	also	ADV
ftr-421	29	3	leo	leo	PROPN
ftr-421	29	4	l.	l.	PROPN
ftr-421	29	5	schmolka	schmolka	PROPN
ftr-421	29	6	,	,	PUNCT
ftr-421	29	7	flps	flp	NOUN
ftr-421	29	8	and	and	CCONJ
ftr-421	29	9	grats	grat	NOUN
ftr-421	29	10	:	:	PUNCT
ftr-421	29	11	what	what	PRON
ftr-421	29	12	to	to	PART
ftr-421	29	13	do	do	VERB
ftr-421	29	14	?	?	PUNCT
ftr-421	29	15	,	,	PUNCT
ftr-421	29	16	86	86	NUM
ftr-421	29	17	tax	tax	NOUN
ftr-421	29	18	notes	note	NOUN
ftr-421	29	19	1473	1473	NUM
ftr-421	29	20	(	(	PUNCT
ftr-421	29	21	mar	mar	PROPN
ftr-421	29	22	.	.	PROPN
ftr-421	29	23	13	13	NUM
ftr-421	29	24	,	,	PUNCT
ftr-421	29	25	2000	2000	NUM
ftr-421	29	26	)	)	PUNCT
ftr-421	29	27	;	;	PUNCT
ftr-421	29	28	brant	brant	PROPN
ftr-421	29	29	j.	j.	PROPN
ftr-421	29	30	hellwig	hellwig	PROPN
ftr-421	29	31	,	,	PUNCT
ftr-421	29	32	revisiting	revisiting	ADJ
ftr-421	29	33	byrum	byrum	NOUN
ftr-421	29	34	,	,	PUNCT
ftr-421	29	35	23	23	NUM
ftr-421	29	36	va	va	NOUN
ftr-421	29	37	.	.	PUNCT
ftr-421	29	38	tax	tax	PROPN
ftr-421	29	39	rev	rev	PROPN
ftr-421	29	40	.	.	PROPN
ftr-421	29	41	275	275	NUM
ftr-421	29	42	(	(	PUNCT
ftr-421	29	43	2003	2003	NUM
ftr-421	29	44	)	)	PUNCT
ftr-421	29	45	.	.	PUNCT
ftr-421	30	1	2004	2004	NUM
ftr-421	30	2	]	]	PUNCT
ftr-421	30	3	family	family	NOUN
ftr-421	30	4	limited	limit	VERB
ftr-421	30	5	partnerships	partnership	NOUN
ftr-421	30	6	651	651	NUM
ftr-421	30	7	worth	worth	ADJ
ftr-421	30	8	$	$	SYM
ftr-421	30	9	99	99	NUM
ftr-421	30	10	to	to	ADP
ftr-421	30	11	a	a	DET
ftr-421	30	12	newly	newly	ADV
ftr-421	30	13	formed	form	VERB
ftr-421	30	14	partnership	partnership	NOUN
ftr-421	30	15	in	in	ADP
ftr-421	30	16	exchange	exchange	NOUN
ftr-421	30	17	for	for	ADP
ftr-421	30	18	a	a	DET
ftr-421	30	19	99	99	NUM
ftr-421	30	20	%	%	NOUN
ftr-421	30	21	limited	limited	ADJ
ftr-421	30	22	partnership	partnership	NOUN
ftr-421	30	23	interest	interest	NOUN
ftr-421	30	24	;	;	PUNCT
ftr-421	30	25	x	x	X
ftr-421	30	26	,	,	PUNCT
ftr-421	30	27	a	a	DET
ftr-421	30	28	corporation	corporation	NOUN
ftr-421	30	29	owned	own	VERB
ftr-421	30	30	equally	equally	ADV
ftr-421	30	31	by	by	ADP
ftr-421	30	32	b	b	PROPN
ftr-421	30	33	and	and	CCONJ
ftr-421	30	34	c	c	NOUN
ftr-421	30	35	,	,	PUNCT
ftr-421	30	36	contributes	contribute	VERB
ftr-421	30	37	$	$	SYM
ftr-421	30	38	1	1	NUM
ftr-421	30	39	in	in	ADP
ftr-421	30	40	exchange	exchange	NOUN
ftr-421	30	41	for	for	ADP
ftr-421	30	42	a	a	DET
ftr-421	30	43	1	1	NUM
ftr-421	30	44	%	%	NOUN
ftr-421	30	45	general	general	ADJ
ftr-421	30	46	partnership	partnership	NOUN
ftr-421	30	47	interest	interest	NOUN
ftr-421	30	48	.	.	PUNCT
ftr-421	31	1	the	the	DET
ftr-421	31	2	partners	partner	NOUN
ftr-421	31	3	’	'	PUNCT
ftr-421	31	4	capital	capital	NOUN
ftr-421	31	5	accounts	account	NOUN
ftr-421	31	6	are	be	AUX
ftr-421	31	7	initially	initially	ADV
ftr-421	31	8	equal	equal	ADJ
ftr-421	31	9	to	to	ADP
ftr-421	31	10	the	the	DET
ftr-421	31	11	value	value	NOUN
ftr-421	31	12	of	of	ADP
ftr-421	31	13	their	their	PRON
ftr-421	31	14	respective	respective	ADJ
ftr-421	31	15	contributions	contribution	NOUN
ftr-421	31	16	,	,	PUNCT
ftr-421	31	17	and	and	CCONJ
ftr-421	31	18	all	all	DET
ftr-421	31	19	items	item	NOUN
ftr-421	31	20	of	of	ADP
ftr-421	31	21	income	income	NOUN
ftr-421	31	22	,	,	PUNCT
ftr-421	31	23	gain	gain	NOUN
ftr-421	31	24	,	,	PUNCT
ftr-421	31	25	and	and	CCONJ
ftr-421	31	26	loss	loss	NOUN
ftr-421	31	27	are	be	AUX
ftr-421	31	28	allocated	allocate	VERB
ftr-421	31	29	in	in	ADP
ftr-421	31	30	proportion	proportion	NOUN
ftr-421	31	31	to	to	ADP
ftr-421	31	32	the	the	DET
ftr-421	31	33	partners	partner	NOUN
ftr-421	31	34	’	’	PART
ftr-421	31	35	respective	respective	ADJ
ftr-421	31	36	percentage	percentage	NOUN
ftr-421	31	37	interests	interest	NOUN
ftr-421	31	38	.	.	PUNCT
ftr-421	32	1	a	a	DET
ftr-421	32	2	files	file	NOUN
ftr-421	32	3	a	a	DET
ftr-421	32	4	gift	gift	NOUN
ftr-421	32	5	tax	tax	NOUN
ftr-421	32	6	return	return	NOUN
ftr-421	32	7	showing	show	VERB
ftr-421	32	8	no	no	DET
ftr-421	32	9	taxable	taxable	ADJ
ftr-421	32	10	gifts	gift	NOUN
ftr-421	32	11	.	.	PUNCT
ftr-421	33	1	subsequently	subsequently	ADV
ftr-421	33	2	,	,	PUNCT
ftr-421	33	3	by	by	ADP
ftr-421	33	4	gift	gift	NOUN
ftr-421	33	5	or	or	CCONJ
ftr-421	33	6	by	by	ADP
ftr-421	33	7	will	will	NOUN
ftr-421	33	8	,	,	PUNCT
ftr-421	33	9	a	a	DET
ftr-421	33	10	transfers	transfer	NOUN
ftr-421	33	11	her	her	PRON
ftr-421	33	12	99	99	NUM
ftr-421	33	13	%	%	NOUN
ftr-421	33	14	limited	limited	ADJ
ftr-421	33	15	partnership	partnership	NOUN
ftr-421	33	16	interest	interest	NOUN
ftr-421	33	17	to	to	ADP
ftr-421	33	18	b	b	PROPN
ftr-421	33	19	and	and	CCONJ
ftr-421	33	20	c.	c.	NOUN
ftr-421	33	21	this	this	DET
ftr-421	33	22	subsequent	subsequent	ADJ
ftr-421	33	23	transfer	transfer	NOUN
ftr-421	33	24	is	be	AUX
ftr-421	33	25	valued	value	VERB
ftr-421	33	26	for	for	ADP
ftr-421	33	27	gift	gift	NOUN
ftr-421	33	28	or	or	CCONJ
ftr-421	33	29	estate	estate	NOUN
ftr-421	33	30	tax	tax	NOUN
ftr-421	33	31	purposes	purpose	NOUN
ftr-421	33	32	at	at	ADP
ftr-421	33	33	$	$	SYM
ftr-421	33	34	66	66	NUM
ftr-421	33	35	,	,	PUNCT
ftr-421	33	36	reflecting	reflect	VERB
ftr-421	33	37	a	a	DET
ftr-421	33	38	one	one	NUM
ftr-421	33	39	-	-	PUNCT
ftr-421	33	40	third	third	NOUN
ftr-421	33	41	discount	discount	NOUN
ftr-421	33	42	from	from	ADP
ftr-421	33	43	liquidation	liquidation	NOUN
ftr-421	33	44	value	value	NOUN
ftr-421	33	45	(	(	PUNCT
ftr-421	33	46	i.e.	i.e.	X
ftr-421	33	47	,	,	PUNCT
ftr-421	33	48	the	the	DET
ftr-421	33	49	amount	amount	NOUN
ftr-421	33	50	that	that	PRON
ftr-421	33	51	a	a	PRON
ftr-421	33	52	would	would	AUX
ftr-421	33	53	be	be	AUX
ftr-421	33	54	entitled	entitle	VERB
ftr-421	33	55	to	to	PART
ftr-421	33	56	receive	receive	VERB
ftr-421	33	57	on	on	ADP
ftr-421	33	58	a	a	DET
ftr-421	33	59	hypothetical	hypothetical	ADJ
ftr-421	33	60	liquidation	liquidation	NOUN
ftr-421	33	61	of	of	ADP
ftr-421	33	62	the	the	DET
ftr-421	33	63	partnership	partnership	NOUN
ftr-421	33	64	)	)	PUNCT
ftr-421	33	65	due	due	ADP
ftr-421	33	66	to	to	ADP
ftr-421	33	67	lack	lack	NOUN
ftr-421	33	68	of	of	ADP
ftr-421	33	69	marketability	marketability	NOUN
ftr-421	33	70	and	and	CCONJ
ftr-421	33	71	lack	lack	NOUN
ftr-421	33	72	of	of	ADP
ftr-421	33	73	control	control	NOUN
ftr-421	33	74	.	.	PUNCT
ftr-421	34	1	eventually	eventually	ADV
ftr-421	34	2	,	,	PUNCT
ftr-421	34	3	the	the	DET
ftr-421	34	4	partnership	partnership	NOUN
ftr-421	34	5	liquidates	liquidate	VERB
ftr-421	34	6	and	and	CCONJ
ftr-421	34	7	distributes	distribute	VERB
ftr-421	34	8	$	$	SYM
ftr-421	34	9	1	1	NUM
ftr-421	34	10	to	to	ADP
ftr-421	34	11	x	x	PUNCT
ftr-421	34	12	and	and	CCONJ
ftr-421	34	13	$	$	SYM
ftr-421	34	14	49.50	49.50	NUM
ftr-421	34	15	of	of	ADP
ftr-421	34	16	investment	investment	NOUN
ftr-421	34	17	assets	asset	NOUN
ftr-421	34	18	each	each	PRON
ftr-421	34	19	to	to	ADP
ftr-421	34	20	b	b	PROPN
ftr-421	34	21	and	and	CCONJ
ftr-421	34	22	c.	c.	PROPN
ftr-421	34	23	the	the	DET
ftr-421	34	24	net	net	ADJ
ftr-421	34	25	result	result	NOUN
ftr-421	34	26	,	,	PUNCT
ftr-421	34	27	if	if	SCONJ
ftr-421	34	28	a	a	DET
ftr-421	34	29	’s	’s	ADJ
ftr-421	34	30	reporting	reporting	NOUN
ftr-421	34	31	of	of	ADP
ftr-421	34	32	the	the	DET
ftr-421	34	33	transaction	transaction	NOUN
ftr-421	34	34	is	be	AUX
ftr-421	34	35	accepted	accept	VERB
ftr-421	34	36	,	,	PUNCT
ftr-421	34	37	is	be	AUX
ftr-421	34	38	that	that	SCONJ
ftr-421	34	39	a	a	PRON
ftr-421	34	40	has	have	AUX
ftr-421	34	41	transferred	transfer	VERB
ftr-421	34	42	assets	asset	NOUN
ftr-421	34	43	worth	worth	ADJ
ftr-421	34	44	$	$	SYM
ftr-421	34	45	99	99	NUM
ftr-421	34	46	for	for	ADP
ftr-421	34	47	a	a	DET
ftr-421	34	48	reported	report	VERB
ftr-421	34	49	value	value	NOUN
ftr-421	34	50	of	of	ADP
ftr-421	34	51	only	only	ADV
ftr-421	34	52	$	$	SYM
ftr-421	34	53	66	66	NUM
ftr-421	34	54	;	;	PUNCT
ftr-421	34	55	the	the	DET
ftr-421	34	56	difference	difference	NOUN
ftr-421	34	57	of	of	ADP
ftr-421	34	58	$	$	SYM
ftr-421	34	59	33	33	NUM
ftr-421	34	60	,	,	PUNCT
ftr-421	34	61	representing	represent	VERB
ftr-421	34	62	a	a	DET
ftr-421	34	63	one	one	NUM
ftr-421	34	64	-	-	PUNCT
ftr-421	34	65	third	third	NOUN
ftr-421	34	66	valuation	valuation	NOUN
ftr-421	34	67	discount	discount	NOUN
ftr-421	34	68	,	,	PUNCT
ftr-421	34	69	simply	simply	ADV
ftr-421	34	70	disappears	disappear	VERB
ftr-421	34	71	from	from	ADP
ftr-421	34	72	the	the	DET
ftr-421	34	73	transfer	transfer	NOUN
ftr-421	34	74	tax	tax	NOUN
ftr-421	34	75	base	base	NOUN
ftr-421	34	76	.	.	PUNCT
ftr-421	35	1	the	the	DET
ftr-421	35	2	above	above	ADJ
ftr-421	35	3	example	example	NOUN
ftr-421	35	4	raises	raise	VERB
ftr-421	35	5	two	two	NUM
ftr-421	35	6	interrelated	interrelated	ADJ
ftr-421	35	7	issues	issue	NOUN
ftr-421	35	8	:	:	PUNCT
ftr-421	35	9	whether	whether	SCONJ
ftr-421	35	10	a	a	PRON
ftr-421	35	11	makes	make	VERB
ftr-421	35	12	a	a	DET
ftr-421	35	13	gift	gift	NOUN
ftr-421	35	14	upon	upon	SCONJ
ftr-421	35	15	formation	formation	NOUN
ftr-421	35	16	of	of	ADP
ftr-421	35	17	the	the	DET
ftr-421	35	18	partnership	partnership	NOUN
ftr-421	35	19	,	,	PUNCT
ftr-421	35	20	and	and	CCONJ
ftr-421	35	21	,	,	PUNCT
ftr-421	35	22	if	if	SCONJ
ftr-421	35	23	not	not	PART
ftr-421	35	24	,	,	PUNCT
ftr-421	35	25	whether	whether	SCONJ
ftr-421	35	26	a	a	DET
ftr-421	35	27	one	one	NUM
ftr-421	35	28	-	-	PUNCT
ftr-421	35	29	third	third	NOUN
ftr-421	35	30	discount	discount	NOUN
ftr-421	35	31	is	be	AUX
ftr-421	35	32	allowable	allowable	ADJ
ftr-421	35	33	in	in	ADP
ftr-421	35	34	valuing	value	VERB
ftr-421	35	35	the	the	DET
ftr-421	35	36	transfer	transfer	NOUN
ftr-421	35	37	of	of	ADP
ftr-421	35	38	the	the	DET
ftr-421	35	39	partnership	partnership	NOUN
ftr-421	35	40	interest	interest	NOUN
ftr-421	35	41	in	in	ADP
ftr-421	35	42	the	the	DET
ftr-421	35	43	subsequent	subsequent	ADJ
ftr-421	35	44	transfer	transfer	NOUN
ftr-421	35	45	.	.	PUNCT
ftr-421	36	1	on	on	ADP
ftr-421	36	2	the	the	DET
ftr-421	36	3	first	first	ADJ
ftr-421	36	4	question	question	NOUN
ftr-421	36	5	,	,	PUNCT
ftr-421	36	6	the	the	DET
ftr-421	36	7	courts	court	NOUN
ftr-421	36	8	appear	appear	VERB
ftr-421	36	9	to	to	PART
ftr-421	36	10	accept	accept	VERB
ftr-421	36	11	the	the	DET
ftr-421	36	12	notion	notion	NOUN
ftr-421	36	13	that	that	SCONJ
ftr-421	36	14	no	no	DET
ftr-421	36	15	gift	gift	NOUN
ftr-421	36	16	occurs	occur	VERB
ftr-421	36	17	upon	upon	SCONJ
ftr-421	36	18	formation	formation	NOUN
ftr-421	36	19	of	of	ADP
ftr-421	36	20	a	a	DET
ftr-421	36	21	partnership	partnership	NOUN
ftr-421	36	22	as	as	ADV
ftr-421	36	23	long	long	ADV
ftr-421	36	24	as	as	SCONJ
ftr-421	36	25	each	each	DET
ftr-421	36	26	partner	partner	NOUN
ftr-421	36	27	’s	’s	PART
ftr-421	36	28	contribution	contribution	NOUN
ftr-421	36	29	is	be	AUX
ftr-421	36	30	properly	properly	ADV
ftr-421	36	31	reflected	reflect	VERB
ftr-421	36	32	in	in	ADP
ftr-421	36	33	his	his	PRON
ftr-421	36	34	or	or	CCONJ
ftr-421	36	35	her	her	PRON
ftr-421	36	36	capital	capital	NOUN
ftr-421	36	37	account	account	NOUN
ftr-421	36	38	and	and	CCONJ
ftr-421	36	39	does	do	AUX
ftr-421	36	40	not	not	PART
ftr-421	36	41	enhance	enhance	VERB
ftr-421	36	42	the	the	DET
ftr-421	36	43	value	value	NOUN
ftr-421	36	44	of	of	ADP
ftr-421	36	45	any	any	DET
ftr-421	36	46	other	other	ADJ
ftr-421	36	47	partner	partner	NOUN
ftr-421	36	48	’s	’s	PART
ftr-421	36	49	interest	interest	NOUN
ftr-421	36	50	in	in	ADP
ftr-421	36	51	the	the	DET
ftr-421	36	52	partnership	partnership	NOUN
ftr-421	36	53	.	.	PUNCT
ftr-421	37	1	these	these	DET
ftr-421	37	2	requirements	requirement	NOUN
ftr-421	37	3	are2	are2	PROPN
ftr-421	37	4	usually	usually	ADV
ftr-421	37	5	met	meet	VERB
ftr-421	37	6	without	without	ADP
ftr-421	37	7	difficulty	difficulty	NOUN
ftr-421	37	8	,	,	PUNCT
ftr-421	37	9	even	even	ADV
ftr-421	37	10	though	though	SCONJ
ftr-421	37	11	the	the	DET
ftr-421	37	12	partnership	partnership	NOUN
ftr-421	37	13	interest	interest	NOUN
ftr-421	37	14	that	that	PRON
ftr-421	37	15	a	a	DET
ftr-421	37	16	receives	receive	NOUN
ftr-421	37	17	is	be	AUX
ftr-421	37	18	worth	worth	ADJ
ftr-421	37	19	less	less	ADJ
ftr-421	37	20	than	than	ADP
ftr-421	37	21	the	the	DET
ftr-421	37	22	assets	asset	NOUN
ftr-421	37	23	she	she	PRON
ftr-421	37	24	contributed	contribute	VERB
ftr-421	37	25	.	.	PUNCT
ftr-421	38	1	there	there	PRON
ftr-421	38	2	is	be	VERB
ftr-421	38	3	no	no	DET
ftr-421	38	4	immediate	immediate	ADJ
ftr-421	38	5	capital	capital	NOUN
ftr-421	38	6	shift	shift	NOUN
ftr-421	38	7	from	from	ADP
ftr-421	38	8	a	a	PRON
ftr-421	38	9	to	to	ADP
ftr-421	38	10	another	another	DET
ftr-421	38	11	partner	partner	NOUN
ftr-421	38	12	,	,	PUNCT
ftr-421	38	13	nor	nor	CCONJ
ftr-421	38	14	is	be	AUX
ftr-421	38	15	the	the	DET
ftr-421	38	16	value	value	NOUN
ftr-421	38	17	of	of	ADP
ftr-421	38	18	any	any	DET
ftr-421	38	19	other	other	ADJ
ftr-421	38	20	partner	partner	NOUN
ftr-421	38	21	’s	’s	PART
ftr-421	38	22	interest	interest	NOUN
ftr-421	38	23	enhanced	enhance	VERB
ftr-421	38	24	by	by	ADP
ftr-421	38	25	a	a	DET
ftr-421	38	26	’s	’s	NOUN
ftr-421	38	27	contribution	contribution	NOUN
ftr-421	38	28	.	.	PUNCT
ftr-421	39	1	instead	instead	ADV
ftr-421	39	2	,	,	PUNCT
ftr-421	39	3	the	the	DET
ftr-421	39	4	formation	formation	NOUN
ftr-421	39	5	of	of	ADP
ftr-421	39	6	the	the	DET
ftr-421	39	7	partnership	partnership	NOUN
ftr-421	39	8	is	be	AUX
ftr-421	39	9	treated	treat	VERB
ftr-421	39	10	as	as	SCONJ
ftr-421	39	11	if	if	SCONJ
ftr-421	39	12	it	it	PRON
ftr-421	39	13	resulted	result	VERB
ftr-421	39	14	in	in	ADP
ftr-421	39	15	a	a	DET
ftr-421	39	16	loss	loss	NOUN
ftr-421	39	17	or	or	CCONJ
ftr-421	39	18	destruction	destruction	NOUN
ftr-421	39	19	of	of	ADP
ftr-421	39	20	value	value	NOUN
ftr-421	39	21	,	,	PUNCT
ftr-421	39	22	since	since	SCONJ
ftr-421	39	23	the	the	DET
ftr-421	39	24	aggregate	aggregate	ADJ
ftr-421	39	25	value	value	NOUN
ftr-421	39	26	of	of	ADP
ftr-421	39	27	the	the	DET
ftr-421	39	28	partners	partner	NOUN
ftr-421	39	29	’	’	PART
ftr-421	39	30	interests	interest	NOUN
ftr-421	39	31	in	in	ADP
ftr-421	39	32	the	the	DET
ftr-421	39	33	partnership	partnership	NOUN
ftr-421	39	34	is	be	AUX
ftr-421	39	35	less	less	ADJ
ftr-421	39	36	than	than	ADP
ftr-421	39	37	the	the	DET
ftr-421	39	38	total	total	ADJ
ftr-421	39	39	value	value	NOUN
ftr-421	39	40	of	of	ADP
ftr-421	39	41	the	the	DET
ftr-421	39	42	contributed	contribute	VERB
ftr-421	39	43	assets	asset	NOUN
ftr-421	39	44	.	.	PUNCT
ftr-421	40	1	nevertheless	nevertheless	ADV
ftr-421	40	2	,	,	PUNCT
ftr-421	40	3	the	the	DET
ftr-421	40	4	contributed	contribute	VERB
ftr-421	40	5	assets	asset	NOUN
ftr-421	40	6	remain	remain	VERB
ftr-421	40	7	intact	intact	ADJ
ftr-421	40	8	in	in	ADP
ftr-421	40	9	the	the	DET
ftr-421	40	10	hands	hand	NOUN
ftr-421	40	11	of	of	ADP
ftr-421	40	12	the	the	DET
ftr-421	40	13	partnership	partnership	NOUN
ftr-421	40	14	,	,	PUNCT
ftr-421	40	15	which	which	PRON
ftr-421	40	16	could	could	AUX
ftr-421	40	17	sell	sell	VERB
ftr-421	40	18	the	the	DET
ftr-421	40	19	assets	asset	NOUN
ftr-421	40	20	at	at	ADP
ftr-421	40	21	any	any	DET
ftr-421	40	22	time	time	NOUN
ftr-421	40	23	and	and	CCONJ
ftr-421	40	24	distribute	distribute	VERB
ftr-421	40	25	the	the	DET
ftr-421	40	26	proceeds	proceed	NOUN
ftr-421	40	27	to	to	ADP
ftr-421	40	28	the	the	DET
ftr-421	40	29	partners	partner	NOUN
ftr-421	40	30	in	in	ADP
ftr-421	40	31	liquidation	liquidation	NOUN
ftr-421	40	32	.	.	PUNCT
ftr-421	41	1	arguably	arguably	ADV
ftr-421	41	2	,	,	PUNCT
ftr-421	41	3	since	since	SCONJ
ftr-421	41	4	there	there	PRON
ftr-421	41	5	is	be	VERB
ftr-421	41	6	no	no	DET
ftr-421	41	7	actual	actual	ADJ
ftr-421	41	8	loss	loss	NOUN
ftr-421	41	9	or	or	CCONJ
ftr-421	41	10	destruction	destruction	NOUN
ftr-421	41	11	of	of	ADP
ftr-421	41	12	value	value	NOUN
ftr-421	41	13	,	,	PUNCT
ftr-421	41	14	a	a	PRON
ftr-421	41	15	should	should	AUX
ftr-421	41	16	be	be	AUX
ftr-421	41	17	treated	treat	VERB
ftr-421	41	18	as	as	ADP
ftr-421	41	19	making	make	VERB
ftr-421	41	20	a	a	DET
ftr-421	41	21	gift	gift	NOUN
ftr-421	41	22	of	of	ADP
ftr-421	41	23	the	the	DET
ftr-421	41	24	difference	difference	NOUN
ftr-421	41	25	in	in	ADP
ftr-421	41	26	value	value	NOUN
ftr-421	41	27	between	between	ADP
ftr-421	41	28	the	the	DET
ftr-421	41	29	assets	asset	NOUN
ftr-421	41	30	she	she	PRON
ftr-421	41	31	contributed	contribute	VERB
ftr-421	41	32	and	and	CCONJ
ftr-421	41	33	the	the	DET
ftr-421	41	34	partnership	partnership	NOUN
ftr-421	41	35	interest	interest	NOUN
ftr-421	41	36	she	she	PRON
ftr-421	41	37	2	2	X
ftr-421	41	38	.	.	X
ftr-421	41	39	see	see	VERB
ftr-421	41	40	estate	estate	NOUN
ftr-421	41	41	of	of	ADP
ftr-421	41	42	strangi	strangi	PROPN
ftr-421	41	43	v.	v.	PROPN
ftr-421	41	44	commissioner	commissioner	PROPN
ftr-421	41	45	,	,	PUNCT
ftr-421	41	46	115	115	NUM
ftr-421	41	47	t.c	t.c	PROPN
ftr-421	41	48	.	.	PROPN
ftr-421	41	49	478	478	NUM
ftr-421	41	50	,	,	PUNCT
ftr-421	41	51	489	489	NUM
ftr-421	41	52	-	-	SYM
ftr-421	41	53	90	90	NUM
ftr-421	41	54	(	(	PUNCT
ftr-421	41	55	2000	2000	NUM
ftr-421	41	56	)	)	PUNCT
ftr-421	41	57	,	,	PUNCT
ftr-421	41	58	aff’d	aff’d	VERB
ftr-421	41	59	in	in	ADP
ftr-421	41	60	part	part	NOUN
ftr-421	41	61	and	and	CCONJ
ftr-421	41	62	rev’d	rev’d	NOUN
ftr-421	41	63	in	in	ADP
ftr-421	41	64	part	part	NOUN
ftr-421	41	65	on	on	ADP
ftr-421	41	66	other	other	ADJ
ftr-421	41	67	grounds	ground	NOUN
ftr-421	41	68	,	,	PUNCT
ftr-421	41	69	293	293	NUM
ftr-421	41	70	f.3d	f.3d	NUM
ftr-421	41	71	279	279	NUM
ftr-421	41	72	(	(	PUNCT
ftr-421	41	73	5th	5th	ADJ
ftr-421	41	74	cir	cir	NOUN
ftr-421	41	75	.	.	PUNCT
ftr-421	41	76	2002	2002	NUM
ftr-421	41	77	)	)	PUNCT
ftr-421	41	78	;	;	PUNCT
ftr-421	41	79	estate	estate	NOUN
ftr-421	41	80	of	of	ADP
ftr-421	41	81	jones	jones	PROPN
ftr-421	41	82	v.	v.	PROPN
ftr-421	41	83	commissioner	commissioner	PROPN
ftr-421	41	84	,	,	PUNCT
ftr-421	41	85	116	116	NUM
ftr-421	41	86	t.c	t.c	PROPN
ftr-421	41	87	.	.	PROPN
ftr-421	41	88	121	121	NUM
ftr-421	41	89	,	,	PUNCT
ftr-421	41	90	127	127	NUM
ftr-421	41	91	-	-	SYM
ftr-421	41	92	28	28	NUM
ftr-421	41	93	(	(	PUNCT
ftr-421	41	94	2001	2001	NUM
ftr-421	41	95	)	)	PUNCT
ftr-421	41	96	;	;	PUNCT
ftr-421	41	97	see	see	VERB
ftr-421	41	98	also	also	ADV
ftr-421	41	99	church	church	PROPN
ftr-421	41	100	v.	v.	PROPN
ftr-421	41	101	united	united	PROPN
ftr-421	41	102	states	states	PROPN
ftr-421	41	103	,	,	PUNCT
ftr-421	41	104	2000	2000	NUM
ftr-421	41	105	-	-	SYM
ftr-421	41	106	1	1	NUM
ftr-421	41	107	u.s	u.s	PROPN
ftr-421	41	108	.	.	PROPN
ftr-421	41	109	tax	tax	PROPN
ftr-421	41	110	cas	cas	PROPN
ftr-421	41	111	.	.	PUNCT
ftr-421	42	1	(	(	PUNCT
ftr-421	42	2	cch	cch	PROPN
ftr-421	42	3	)	)	PUNCT
ftr-421	42	4	¶	¶	NUM
ftr-421	42	5	60,369	60,369	NUM
ftr-421	42	6	,	,	PUNCT
ftr-421	42	7	85	85	NUM
ftr-421	42	8	a.f.t.r	a.f.t.r	PROPN
ftr-421	42	9	.	.	PUNCT
ftr-421	43	1	2d	2d	NOUN
ftr-421	43	2	(	(	PUNCT
ftr-421	43	3	p	p	NOUN
ftr-421	43	4	-	-	PUNCT
ftr-421	43	5	h	h	NOUN
ftr-421	43	6	)	)	PUNCT
ftr-421	43	7	2000	2000	NUM
ftr-421	43	8	-	-	SYM
ftr-421	43	9	804	804	NUM
ftr-421	43	10	(	(	PUNCT
ftr-421	43	11	w.d	w.d	PROPN
ftr-421	43	12	.	.	PUNCT
ftr-421	43	13	tex	tex	PROPN
ftr-421	43	14	.	.	PROPN
ftr-421	43	15	2000	2000	NUM
ftr-421	43	16	)	)	PUNCT
ftr-421	43	17	,	,	PUNCT
ftr-421	43	18	aff’d	aff’d	X
ftr-421	43	19	mem	mem	PROPN
ftr-421	43	20	.	.	PUNCT
ftr-421	43	21	,	,	PUNCT
ftr-421	43	22	268	268	NUM
ftr-421	43	23	f.3d	f.3d	NUM
ftr-421	43	24	1063	1063	NUM
ftr-421	43	25	(	(	PUNCT
ftr-421	43	26	5th	5th	ADJ
ftr-421	43	27	cir	cir	NOUN
ftr-421	43	28	.	.	PUNCT
ftr-421	43	29	2001	2001	NUM
ftr-421	43	30	)	)	PUNCT
ftr-421	43	31	.	.	PUNCT
ftr-421	44	1	652	652	NUM
ftr-421	44	2	florida	florida	PROPN
ftr-421	44	3	tax	tax	NOUN
ftr-421	44	4	review	review	NOUN
ftr-421	44	5	[	[	X
ftr-421	44	6	vol.6:6	vol.6:6	NOUN
ftr-421	44	7	received	receive	VERB
ftr-421	44	8	in	in	ADP
ftr-421	44	9	exchange	exchange	NOUN
ftr-421	44	10	.	.	PUNCT
ftr-421	45	1	she	she	PRON
ftr-421	45	2	has	have	AUX
ftr-421	45	3	relinquished	relinquish	VERB
ftr-421	45	4	dominion	dominion	NOUN
ftr-421	45	5	and	and	CCONJ
ftr-421	45	6	control	control	NOUN
ftr-421	45	7	of	of	ADP
ftr-421	45	8	property3	property3	NOUN
ftr-421	45	9	in	in	ADP
ftr-421	45	10	exchange	exchange	NOUN
ftr-421	45	11	for	for	ADP
ftr-421	45	12	property	property	NOUN
ftr-421	45	13	of	of	ADP
ftr-421	45	14	lesser	less	ADJ
ftr-421	45	15	value	value	NOUN
ftr-421	45	16	;	;	PUNCT
ftr-421	45	17	for	for	ADP
ftr-421	45	18	gift	gift	NOUN
ftr-421	45	19	tax	tax	NOUN
ftr-421	45	20	purposes	purpose	NOUN
ftr-421	45	21	,	,	PUNCT
ftr-421	45	22	it	it	PRON
ftr-421	45	23	does	do	AUX
ftr-421	45	24	not	not	PART
ftr-421	45	25	matter	matter	VERB
ftr-421	45	26	that	that	SCONJ
ftr-421	45	27	the	the	DET
ftr-421	45	28	transfer	transfer	NOUN
ftr-421	45	29	does	do	AUX
ftr-421	45	30	not	not	PART
ftr-421	45	31	immediately	immediately	ADV
ftr-421	45	32	enrich	enrich	VERB
ftr-421	45	33	an	an	DET
ftr-421	45	34	ascertainable	ascertainable	ADJ
ftr-421	45	35	donee	donee	NOUN
ftr-421	45	36	,	,	PUNCT
ftr-421	45	37	nor	nor	CCONJ
ftr-421	45	38	that	that	SCONJ
ftr-421	45	39	the	the	DET
ftr-421	45	40	transferred	transfer	VERB
ftr-421	45	41	assets	asset	NOUN
ftr-421	45	42	may	may	AUX
ftr-421	45	43	eventually	eventually	ADV
ftr-421	45	44	return	return	VERB
ftr-421	45	45	to	to	ADP
ftr-421	45	46	a	a	PRON
ftr-421	45	47	or	or	CCONJ
ftr-421	45	48	be	be	AUX
ftr-421	45	49	included	include	VERB
ftr-421	45	50	in	in	ADP
ftr-421	45	51	her	her	PRON
ftr-421	45	52	gross	gross	ADJ
ftr-421	45	53	estate	estate	NOUN
ftr-421	45	54	at	at	ADP
ftr-421	45	55	death.4	death.4	NOUN
ftr-421	45	56	there	there	PRON
ftr-421	45	57	are	be	VERB
ftr-421	45	58	two	two	NUM
ftr-421	45	59	possible	possible	ADJ
ftr-421	45	60	arguments	argument	NOUN
ftr-421	45	61	that	that	PRON
ftr-421	45	62	could	could	AUX
ftr-421	45	63	be	be	AUX
ftr-421	45	64	advanced	advanced	ADJ
ftr-421	45	65	against	against	ADP
ftr-421	45	66	a	a	DET
ftr-421	45	67	completed	complete	VERB
ftr-421	45	68	gift	gift	NOUN
ftr-421	45	69	on	on	ADP
ftr-421	45	70	formation	formation	NOUN
ftr-421	45	71	of	of	ADP
ftr-421	45	72	the	the	DET
ftr-421	45	73	partnership	partnership	NOUN
ftr-421	45	74	,	,	PUNCT
ftr-421	45	75	but	but	CCONJ
ftr-421	45	76	neither	neither	PRON
ftr-421	45	77	of	of	ADP
ftr-421	45	78	them	they	PRON
ftr-421	45	79	ultimately	ultimately	ADV
ftr-421	45	80	offers	offer	VERB
ftr-421	45	81	a	a	DET
ftr-421	45	82	much	much	ADJ
ftr-421	45	83	comfort	comfort	NOUN
ftr-421	45	84	.	.	PUNCT
ftr-421	46	1	first	first	ADV
ftr-421	46	2	,	,	PUNCT
ftr-421	46	3	a	a	PRON
ftr-421	46	4	might	might	AUX
ftr-421	46	5	argue	argue	VERB
ftr-421	46	6	that	that	SCONJ
ftr-421	46	7	she	she	PRON
ftr-421	46	8	retained	retain	VERB
ftr-421	46	9	sufficient	sufficient	ADJ
ftr-421	46	10	control	control	NOUN
ftr-421	46	11	over	over	ADP
ftr-421	46	12	the	the	DET
ftr-421	46	13	beneficial	beneficial	ADJ
ftr-421	46	14	enjoyment	enjoyment	NOUN
ftr-421	46	15	of	of	ADP
ftr-421	46	16	the	the	DET
ftr-421	46	17	contributed	contribute	VERB
ftr-421	46	18	assets	asset	NOUN
ftr-421	46	19	to	to	PART
ftr-421	46	20	prevent	prevent	VERB
ftr-421	46	21	a	a	DET
ftr-421	46	22	completed	complete	VERB
ftr-421	46	23	transfer	transfer	NOUN
ftr-421	46	24	from	from	ADP
ftr-421	46	25	taking	take	VERB
ftr-421	46	26	place	place	NOUN
ftr-421	46	27	.	.	PUNCT
ftr-421	47	1	this	this	DET
ftr-421	47	2	degree	degree	NOUN
ftr-421	47	3	of	of	ADP
ftr-421	47	4	retained	retain	VERB
ftr-421	47	5	control	control	NOUN
ftr-421	47	6	,	,	PUNCT
ftr-421	47	7	however	however	ADV
ftr-421	47	8	,	,	PUNCT
ftr-421	47	9	would	would	AUX
ftr-421	47	10	merely	merely	ADV
ftr-421	47	11	defer	defer	VERB
ftr-421	47	12	the	the	DET
ftr-421	47	13	taxable	taxable	ADJ
ftr-421	47	14	transfer	transfer	NOUN
ftr-421	47	15	until	until	ADP
ftr-421	47	16	her	her	PRON
ftr-421	47	17	retained	retain	VERB
ftr-421	47	18	control	control	NOUN
ftr-421	47	19	terminated	terminate	VERB
ftr-421	47	20	during	during	ADP
ftr-421	47	21	life	life	NOUN
ftr-421	47	22	or	or	CCONJ
ftr-421	47	23	at	at	ADP
ftr-421	47	24	death	death	NOUN
ftr-421	47	25	and	and	CCONJ
ftr-421	47	26	would	would	AUX
ftr-421	47	27	not	not	PART
ftr-421	47	28	result	result	VERB
ftr-421	47	29	in	in	ADP
ftr-421	47	30	any	any	DET
ftr-421	47	31	transfer	transfer	NOUN
ftr-421	47	32	tax	tax	NOUN
ftr-421	47	33	reduction.5	reduction.5	NOUN
ftr-421	47	34	alternatively	alternatively	ADV
ftr-421	47	35	,	,	PUNCT
ftr-421	47	36	a	a	PRON
ftr-421	47	37	might	might	AUX
ftr-421	47	38	argue	argue	VERB
ftr-421	47	39	that	that	SCONJ
ftr-421	47	40	her	her	PRON
ftr-421	47	41	partnership	partnership	NOUN
ftr-421	47	42	interest	interest	NOUN
ftr-421	47	43	is	be	AUX
ftr-421	47	44	equal	equal	ADJ
ftr-421	47	45	in	in	ADP
ftr-421	47	46	value	value	NOUN
ftr-421	47	47	to	to	ADP
ftr-421	47	48	the	the	DET
ftr-421	47	49	contributed	contribute	VERB
ftr-421	47	50	assets	asset	NOUN
ftr-421	47	51	and	and	CCONJ
ftr-421	47	52	thus	thus	ADV
ftr-421	47	53	represents	represent	VERB
ftr-421	47	54	full	full	ADJ
ftr-421	47	55	consideration	consideration	NOUN
ftr-421	47	56	received	receive	VERB
ftr-421	47	57	in	in	ADP
ftr-421	47	58	exchange	exchange	NOUN
ftr-421	47	59	for	for	ADP
ftr-421	47	60	the	the	DET
ftr-421	47	61	contributed	contribute	VERB
ftr-421	47	62	assets	asset	NOUN
ftr-421	47	63	.	.	PUNCT
ftr-421	48	1	this	this	DET
ftr-421	48	2	argument	argument	NOUN
ftr-421	48	3	,	,	PUNCT
ftr-421	48	4	however	however	ADV
ftr-421	48	5	,	,	PUNCT
ftr-421	48	6	implies	imply	VERB
ftr-421	48	7	that	that	SCONJ
ftr-421	48	8	a	a	DET
ftr-421	48	9	’s	’s	ADJ
ftr-421	48	10	partnership	partnership	NOUN
ftr-421	48	11	interest	interest	NOUN
ftr-421	48	12	would	would	AUX
ftr-421	48	13	continue	continue	VERB
ftr-421	48	14	to	to	PART
ftr-421	48	15	be	be	AUX
ftr-421	48	16	worth	worth	ADJ
ftr-421	48	17	her	her	PRON
ftr-421	48	18	proportionate	proportionate	ADJ
ftr-421	48	19	share	share	NOUN
ftr-421	48	20	of	of	ADP
ftr-421	48	21	the	the	DET
ftr-421	48	22	value	value	NOUN
ftr-421	48	23	of	of	ADP
ftr-421	48	24	the	the	DET
ftr-421	48	25	partnership	partnership	NOUN
ftr-421	48	26	assets	asset	NOUN
ftr-421	48	27	at	at	ADP
ftr-421	48	28	the	the	DET
ftr-421	48	29	time	time	NOUN
ftr-421	48	30	of	of	ADP
ftr-421	48	31	the	the	DET
ftr-421	48	32	subsequent	subsequent	ADJ
ftr-421	48	33	transfer	transfer	NOUN
ftr-421	48	34	.	.	PUNCT
ftr-421	49	1	in	in	ADP
ftr-421	49	2	that	that	DET
ftr-421	49	3	case	case	NOUN
ftr-421	49	4	,	,	PUNCT
ftr-421	49	5	the6	the6	ADJ
ftr-421	49	6	transaction	transaction	NOUN
ftr-421	49	7	would	would	AUX
ftr-421	49	8	fail	fail	VERB
ftr-421	49	9	to	to	PART
ftr-421	49	10	achieve	achieve	VERB
ftr-421	49	11	the	the	DET
ftr-421	49	12	intended	intend	VERB
ftr-421	49	13	result	result	NOUN
ftr-421	49	14	of	of	ADP
ftr-421	49	15	making	make	VERB
ftr-421	49	16	value	value	NOUN
ftr-421	49	17	disappear	disappear	VERB
ftr-421	49	18	from	from	ADP
ftr-421	49	19	a	a	DET
ftr-421	49	20	’s	’s	NOUN
ftr-421	49	21	transfer	transfer	NOUN
ftr-421	49	22	tax	tax	NOUN
ftr-421	49	23	base	base	NOUN
ftr-421	49	24	,	,	PUNCT
ftr-421	49	25	and	and	CCONJ
ftr-421	49	26	there	there	PRON
ftr-421	49	27	would	would	AUX
ftr-421	49	28	be	be	AUX
ftr-421	49	29	no	no	DET
ftr-421	49	30	point	point	NOUN
ftr-421	49	31	in	in	ADP
ftr-421	49	32	creating	create	VERB
ftr-421	49	33	the	the	DET
ftr-421	49	34	family	family	NOUN
ftr-421	49	35	partnership	partnership	NOUN
ftr-421	49	36	.	.	PUNCT
ftr-421	50	1	by	by	ADP
ftr-421	50	2	ignoring	ignore	VERB
ftr-421	50	3	the	the	DET
ftr-421	50	4	difference	difference	NOUN
ftr-421	50	5	in	in	ADP
ftr-421	50	6	value	value	NOUN
ftr-421	50	7	between	between	ADP
ftr-421	50	8	the	the	DET
ftr-421	50	9	contributed	contribute	VERB
ftr-421	50	10	assets	asset	NOUN
ftr-421	50	11	and	and	CCONJ
ftr-421	50	12	the	the	DET
ftr-421	50	13	partnership	partnership	NOUN
ftr-421	50	14	interest	interest	NOUN
ftr-421	50	15	received	receive	VERB
ftr-421	50	16	in	in	ADP
ftr-421	50	17	exchange	exchange	NOUN
ftr-421	50	18	,	,	PUNCT
ftr-421	50	19	the	the	DET
ftr-421	50	20	courts	court	NOUN
ftr-421	50	21	allow	allow	VERB
ftr-421	50	22	a	a	PRON
ftr-421	50	23	to	to	PART
ftr-421	50	24	set	set	VERB
ftr-421	50	25	the	the	DET
ftr-421	50	26	stage	stage	NOUN
ftr-421	50	27	for	for	ADP
ftr-421	50	28	substantial	substantial	ADJ
ftr-421	50	29	transfer	transfer	NOUN
ftr-421	50	30	tax	tax	NOUN
ftr-421	50	31	avoidance	avoidance	NOUN
ftr-421	50	32	.	.	PUNCT
ftr-421	51	1	having	having	AUX
ftr-421	51	2	escaped	escape	VERB
ftr-421	51	3	gift	gift	NOUN
ftr-421	51	4	tax	tax	NOUN
ftr-421	51	5	liability	liability	NOUN
ftr-421	51	6	on	on	ADP
ftr-421	51	7	the	the	DET
ftr-421	51	8	initial	initial	ADJ
ftr-421	51	9	exchange	exchange	NOUN
ftr-421	51	10	,	,	PUNCT
ftr-421	51	11	a	a	PRON
ftr-421	51	12	is	be	AUX
ftr-421	51	13	free	free	ADJ
ftr-421	51	14	to	to	PART
ftr-421	51	15	claim	claim	VERB
ftr-421	51	16	a	a	DET
ftr-421	51	17	substantial	substantial	ADJ
ftr-421	51	18	valuation	valuation	NOUN
ftr-421	51	19	discount	discount	NOUN
ftr-421	51	20	on	on	ADP
ftr-421	51	21	a	a	DET
ftr-421	51	22	subsequent	subsequent	ADJ
ftr-421	51	23	transfer	transfer	NOUN
ftr-421	51	24	of	of	ADP
ftr-421	51	25	her	her	PRON
ftr-421	51	26	partnership	partnership	NOUN
ftr-421	51	27	interest	interest	NOUN
ftr-421	51	28	during	during	ADP
ftr-421	51	29	life	life	NOUN
ftr-421	51	30	or	or	CCONJ
ftr-421	51	31	at	at	ADP
ftr-421	51	32	death	death	NOUN
ftr-421	51	33	.	.	PUNCT
ftr-421	52	1	as	as	ADV
ftr-421	52	2	long	long	ADV
ftr-421	52	3	as	as	SCONJ
ftr-421	52	4	the	the	DET
ftr-421	52	5	existence	existence	NOUN
ftr-421	52	6	of	of	ADP
ftr-421	52	7	the	the	DET
ftr-421	52	8	partnership	partnership	NOUN
ftr-421	52	9	is	be	AUX
ftr-421	52	10	respected	respect	VERB
ftr-421	52	11	for	for	ADP
ftr-421	52	12	gift	gift	NOUN
ftr-421	52	13	and	and	CCONJ
ftr-421	52	14	estate	estate	NOUN
ftr-421	52	15	tax	tax	NOUN
ftr-421	52	16	purposes	purpose	NOUN
ftr-421	52	17	,	,	PUNCT
ftr-421	52	18	the	the	DET
ftr-421	52	19	difference	difference	NOUN
ftr-421	52	20	between	between	ADP
ftr-421	52	21	the	the	DET
ftr-421	52	22	inside	inside	ADJ
ftr-421	52	23	value	value	NOUN
ftr-421	52	24	of	of	ADP
ftr-421	52	25	the	the	DET
ftr-421	52	26	assets	asset	NOUN
ftr-421	52	27	contributed	contribute	VERB
ftr-421	52	28	by	by	ADP
ftr-421	52	29	a	a	PRON
ftr-421	52	30	and	and	CCONJ
ftr-421	52	31	the	the	DET
ftr-421	52	32	3	3	NUM
ftr-421	52	33	.	.	PUNCT
ftr-421	52	34	for	for	ADP
ftr-421	52	35	an	an	DET
ftr-421	52	36	elaboration	elaboration	NOUN
ftr-421	52	37	of	of	ADP
ftr-421	52	38	this	this	DET
ftr-421	52	39	argument	argument	NOUN
ftr-421	52	40	,	,	PUNCT
ftr-421	52	41	see	see	VERB
ftr-421	52	42	schmolka	schmolka	ADJ
ftr-421	52	43	,	,	PUNCT
ftr-421	52	44	supra	supra	ADJ
ftr-421	52	45	note	note	NOUN
ftr-421	52	46	1	1	NUM
ftr-421	52	47	,	,	PUNCT
ftr-421	52	48	at	at	ADP
ftr-421	52	49	1487	1487	NUM
ftr-421	52	50	(	(	PUNCT
ftr-421	52	51	“	"	PUNCT
ftr-421	52	52	the	the	DET
ftr-421	52	53	loss	loss	NOUN
ftr-421	52	54	in	in	ADP
ftr-421	52	55	value	value	NOUN
ftr-421	52	56	is	be	AUX
ftr-421	52	57	not	not	PART
ftr-421	52	58	the	the	DET
ftr-421	52	59	subject	subject	NOUN
ftr-421	52	60	of	of	ADP
ftr-421	52	61	the	the	DET
ftr-421	52	62	transfer	transfer	NOUN
ftr-421	52	63	.	.	PUNCT
ftr-421	53	1	the	the	DET
ftr-421	53	2	property	property	NOUN
ftr-421	53	3	contributed	contribute	VERB
ftr-421	53	4	to	to	ADP
ftr-421	53	5	the	the	DET
ftr-421	53	6	partnership	partnership	NOUN
ftr-421	53	7	is	be	AUX
ftr-421	53	8	the	the	DET
ftr-421	53	9	subject	subject	NOUN
ftr-421	53	10	of	of	ADP
ftr-421	53	11	the	the	DET
ftr-421	53	12	transfer	transfer	NOUN
ftr-421	53	13	;	;	PUNCT
ftr-421	53	14	the	the	DET
ftr-421	53	15	extent	extent	NOUN
ftr-421	53	16	of	of	ADP
ftr-421	53	17	the	the	DET
ftr-421	53	18	transfer	transfer	NOUN
ftr-421	53	19	is	be	AUX
ftr-421	53	20	measured	measure	VERB
ftr-421	53	21	by	by	ADP
ftr-421	53	22	the	the	DET
ftr-421	53	23	inadequacy	inadequacy	NOUN
ftr-421	53	24	of	of	ADP
ftr-421	53	25	the	the	DET
ftr-421	53	26	consideration	consideration	NOUN
ftr-421	53	27	(	(	PUNCT
ftr-421	53	28	the	the	DET
ftr-421	53	29	partnership	partnership	NOUN
ftr-421	53	30	interest	interest	NOUN
ftr-421	53	31	)	)	PUNCT
ftr-421	53	32	received	receive	VERB
ftr-421	53	33	in	in	ADP
ftr-421	53	34	exchange	exchange	NOUN
ftr-421	53	35	.	.	PUNCT
ftr-421	53	36	”	"	PUNCT
ftr-421	53	37	)	)	PUNCT
ftr-421	53	38	.	.	PUNCT
ftr-421	54	1	4	4	X
ftr-421	54	2	.	.	X
ftr-421	54	3	the	the	DET
ftr-421	54	4	transaction	transaction	NOUN
ftr-421	54	5	is	be	AUX
ftr-421	54	6	analogous	analogous	ADJ
ftr-421	54	7	to	to	ADP
ftr-421	54	8	a	a	DET
ftr-421	54	9	transfer	transfer	NOUN
ftr-421	54	10	in	in	ADP
ftr-421	54	11	trust	trust	NOUN
ftr-421	54	12	.	.	PUNCT
ftr-421	55	1	if	if	SCONJ
ftr-421	55	2	the	the	DET
ftr-421	55	3	trust	trust	NOUN
ftr-421	55	4	is	be	AUX
ftr-421	55	5	irrevocable	irrevocable	ADJ
ftr-421	55	6	and	and	CCONJ
ftr-421	55	7	the	the	DET
ftr-421	55	8	settlor	settlor	NOUN
ftr-421	55	9	relinquishes	relinquish	VERB
ftr-421	55	10	dominion	dominion	NOUN
ftr-421	55	11	and	and	CCONJ
ftr-421	55	12	control	control	NOUN
ftr-421	55	13	while	while	SCONJ
ftr-421	55	14	retaining	retain	VERB
ftr-421	55	15	a	a	DET
ftr-421	55	16	reversionary	reversionary	ADJ
ftr-421	55	17	interest	interest	NOUN
ftr-421	55	18	,	,	PUNCT
ftr-421	55	19	there	there	PRON
ftr-421	55	20	is	be	VERB
ftr-421	55	21	clearly	clearly	ADV
ftr-421	55	22	a	a	DET
ftr-421	55	23	taxable	taxable	ADJ
ftr-421	55	24	gift	gift	NOUN
ftr-421	55	25	.	.	PUNCT
ftr-421	56	1	see	see	VERB
ftr-421	56	2	smith	smith	PROPN
ftr-421	56	3	v.	v.	ADP
ftr-421	56	4	shaughnessy	shaughnessy	PROPN
ftr-421	56	5	,	,	PUNCT
ftr-421	56	6	318	318	NUM
ftr-421	56	7	u.s	u.s	PROPN
ftr-421	56	8	.	.	PROPN
ftr-421	56	9	176	176	NUM
ftr-421	56	10	(	(	PUNCT
ftr-421	56	11	1943	1943	NUM
ftr-421	56	12	)	)	PUNCT
ftr-421	56	13	.	.	PUNCT
ftr-421	57	1	the	the	DET
ftr-421	57	2	amount	amount	NOUN
ftr-421	57	3	of	of	ADP
ftr-421	57	4	gift	gift	NOUN
ftr-421	57	5	tax	tax	NOUN
ftr-421	57	6	payable	payable	ADJ
ftr-421	57	7	on	on	ADP
ftr-421	57	8	such	such	DET
ftr-421	57	9	a	a	DET
ftr-421	57	10	transfer	transfer	NOUN
ftr-421	57	11	should	should	AUX
ftr-421	57	12	be	be	AUX
ftr-421	57	13	allowed	allow	VERB
ftr-421	57	14	as	as	ADP
ftr-421	57	15	a	a	DET
ftr-421	57	16	credit	credit	NOUN
ftr-421	57	17	or	or	CCONJ
ftr-421	57	18	offset	offset	VERB
ftr-421	57	19	against	against	ADP
ftr-421	57	20	any	any	DET
ftr-421	57	21	subsequent	subsequent	ADJ
ftr-421	57	22	estate	estate	NOUN
ftr-421	57	23	tax	tax	NOUN
ftr-421	57	24	liability	liability	NOUN
ftr-421	57	25	.	.	PUNCT
ftr-421	58	1	see	see	VERB
ftr-421	58	2	irc	irc	PROPN
ftr-421	58	3	§	§	PROPN
ftr-421	58	4	§	§	PROPN
ftr-421	58	5	2001(b)(2	2001(b)(2	NOUN
ftr-421	58	6	)	)	PUNCT
ftr-421	58	7	,	,	PUNCT
ftr-421	58	8	2012	2012	NUM
ftr-421	58	9	.	.	PUNCT
ftr-421	59	1	5	5	X
ftr-421	59	2	.	.	X
ftr-421	59	3	see	see	VERB
ftr-421	59	4	irc	irc	PROPN
ftr-421	59	5	§	§	PROPN
ftr-421	59	6	2038	2038	NUM
ftr-421	59	7	(	(	PUNCT
ftr-421	59	8	estate	estate	NOUN
ftr-421	59	9	tax	tax	NOUN
ftr-421	59	10	)	)	PUNCT
ftr-421	59	11	;	;	PUNCT
ftr-421	60	1	reg	reg	NOUN
ftr-421	60	2	.	.	PUNCT
ftr-421	61	1	§	§	PROPN
ftr-421	61	2	25.2511	25.2511	NUM
ftr-421	61	3	-	-	SYM
ftr-421	61	4	2(f	2(f	NUM
ftr-421	61	5	)	)	PUNCT
ftr-421	61	6	(	(	PUNCT
ftr-421	61	7	gift	gift	NOUN
ftr-421	61	8	tax	tax	NOUN
ftr-421	61	9	)	)	PUNCT
ftr-421	61	10	.	.	PUNCT
ftr-421	62	1	cf	cf	NOUN
ftr-421	62	2	.	.	PUNCT
ftr-421	62	3	estate	estate	NOUN
ftr-421	62	4	of	of	ADP
ftr-421	62	5	strangi	strangi	PROPN
ftr-421	62	6	v.	v.	PROPN
ftr-421	62	7	commissioner	commissioner	PROPN
ftr-421	62	8	,	,	PUNCT
ftr-421	62	9	115	115	NUM
ftr-421	62	10	t.c	t.c	PROPN
ftr-421	62	11	.	.	PROPN
ftr-421	62	12	478	478	NUM
ftr-421	62	13	,	,	PUNCT
ftr-421	62	14	490	490	NUM
ftr-421	62	15	(	(	PUNCT
ftr-421	62	16	relying	rely	VERB
ftr-421	62	17	in	in	ADP
ftr-421	62	18	part	part	NOUN
ftr-421	62	19	on	on	ADP
ftr-421	62	20	a	a	DET
ftr-421	62	21	finding	finding	NOUN
ftr-421	62	22	that	that	SCONJ
ftr-421	62	23	“	"	PUNCT
ftr-421	62	24	we	we	PRON
ftr-421	62	25	do	do	AUX
ftr-421	62	26	not	not	PART
ftr-421	62	27	believe	believe	VERB
ftr-421	62	28	that	that	SCONJ
ftr-421	62	29	decedent	decedent	NOUN
ftr-421	62	30	gave	give	VERB
ftr-421	62	31	up	up	ADP
ftr-421	62	32	control	control	NOUN
ftr-421	62	33	over	over	ADP
ftr-421	62	34	the	the	DET
ftr-421	62	35	assets	asset	NOUN
ftr-421	62	36	”	"	PUNCT
ftr-421	62	37	to	to	PART
ftr-421	62	38	support	support	VERB
ftr-421	62	39	conclusion	conclusion	NOUN
ftr-421	62	40	that	that	SCONJ
ftr-421	62	41	the	the	DET
ftr-421	62	42	formation	formation	NOUN
ftr-421	62	43	of	of	ADP
ftr-421	62	44	the	the	DET
ftr-421	62	45	partnership	partnership	NOUN
ftr-421	62	46	did	do	AUX
ftr-421	62	47	not	not	PART
ftr-421	62	48	result	result	VERB
ftr-421	62	49	in	in	ADP
ftr-421	62	50	a	a	DET
ftr-421	62	51	taxable	taxable	ADJ
ftr-421	62	52	gift	gift	NOUN
ftr-421	62	53	)	)	PUNCT
ftr-421	62	54	.	.	PUNCT
ftr-421	63	1	6	6	X
ftr-421	63	2	.	.	X
ftr-421	63	3	see	see	VERB
ftr-421	63	4	discussion	discussion	NOUN
ftr-421	63	5	infra	infra	NOUN
ftr-421	63	6	part	part	NOUN
ftr-421	63	7	iv	iv	ADP
ftr-421	63	8	(	(	PUNCT
ftr-421	63	9	pursuing	pursue	VERB
ftr-421	63	10	this	this	DET
ftr-421	63	11	argument	argument	NOUN
ftr-421	63	12	further	far	ADV
ftr-421	63	13	)	)	PUNCT
ftr-421	63	14	.	.	PUNCT
ftr-421	64	1	2004	2004	NUM
ftr-421	64	2	]	]	PUNCT
ftr-421	64	3	family	family	NOUN
ftr-421	64	4	limited	limit	VERB
ftr-421	64	5	partnerships	partnership	NOUN
ftr-421	64	6	653	653	NUM
ftr-421	64	7	outside	outside	ADJ
ftr-421	64	8	value	value	NOUN
ftr-421	64	9	of	of	ADP
ftr-421	64	10	the	the	DET
ftr-421	64	11	partnership	partnership	NOUN
ftr-421	64	12	interest	interest	NOUN
ftr-421	64	13	that	that	PRON
ftr-421	64	14	she	she	PRON
ftr-421	64	15	receives	receive	VERB
ftr-421	64	16	in	in	ADP
ftr-421	64	17	return	return	NOUN
ftr-421	64	18	will	will	AUX
ftr-421	64	19	disappear	disappear	VERB
ftr-421	64	20	from	from	ADP
ftr-421	64	21	her	her	PRON
ftr-421	64	22	transfer	transfer	NOUN
ftr-421	64	23	tax	tax	NOUN
ftr-421	64	24	base.7	base.7	NOUN
ftr-421	64	25	the	the	DET
ftr-421	64	26	discounts	discount	NOUN
ftr-421	64	27	for	for	ADP
ftr-421	64	28	lack	lack	NOUN
ftr-421	64	29	of	of	ADP
ftr-421	64	30	control	control	NOUN
ftr-421	64	31	and	and	CCONJ
ftr-421	64	32	lack	lack	NOUN
ftr-421	64	33	of	of	ADP
ftr-421	64	34	marketability	marketability	NOUN
ftr-421	64	35	reflect	reflect	VERB
ftr-421	64	36	the	the	DET
ftr-421	64	37	notion	notion	NOUN
ftr-421	64	38	that	that	SCONJ
ftr-421	64	39	a	a	PRON
ftr-421	64	40	would	would	AUX
ftr-421	64	41	not	not	PART
ftr-421	64	42	be	be	AUX
ftr-421	64	43	able	able	ADJ
ftr-421	64	44	to	to	PART
ftr-421	64	45	sell	sell	VERB
ftr-421	64	46	her	her	PRON
ftr-421	64	47	partnership	partnership	NOUN
ftr-421	64	48	interest	interest	NOUN
ftr-421	64	49	to	to	ADP
ftr-421	64	50	a	a	DET
ftr-421	64	51	hypothetical	hypothetical	ADJ
ftr-421	64	52	arm’s	arm’s	NUM
ftr-421	64	53	-	-	PUNCT
ftr-421	64	54	length	length	NOUN
ftr-421	64	55	purchaser	purchaser	NOUN
ftr-421	64	56	for	for	ADP
ftr-421	64	57	a	a	DET
ftr-421	64	58	price	price	NOUN
ftr-421	64	59	approaching	approach	VERB
ftr-421	64	60	her	her	PRON
ftr-421	64	61	proportionate	proportionate	ADJ
ftr-421	64	62	share	share	NOUN
ftr-421	64	63	of	of	ADP
ftr-421	64	64	the	the	DET
ftr-421	64	65	partnership	partnership	NOUN
ftr-421	64	66	’s	’s	PART
ftr-421	64	67	net	net	ADJ
ftr-421	64	68	asset	asset	NOUN
ftr-421	64	69	value	value	NOUN
ftr-421	64	70	.	.	PUNCT
ftr-421	65	1	this	this	DET
ftr-421	65	2	disparity	disparity	NOUN
ftr-421	65	3	of	of	ADP
ftr-421	65	4	value	value	NOUN
ftr-421	65	5	prompts	prompt	VERB
ftr-421	65	6	a	a	DET
ftr-421	65	7	question	question	NOUN
ftr-421	65	8	about	about	ADP
ftr-421	65	9	the	the	DET
ftr-421	65	10	nature	nature	NOUN
ftr-421	65	11	and	and	CCONJ
ftr-421	65	12	purpose	purpose	NOUN
ftr-421	65	13	of	of	ADP
ftr-421	65	14	the	the	DET
ftr-421	65	15	partnership	partnership	NOUN
ftr-421	65	16	:	:	PUNCT
ftr-421	65	17	why	why	SCONJ
ftr-421	65	18	would	would	AUX
ftr-421	65	19	an	an	DET
ftr-421	65	20	investor	investor	NOUN
ftr-421	65	21	exchange	exchange	NOUN
ftr-421	65	22	assets	asset	NOUN
ftr-421	65	23	worth	worth	ADJ
ftr-421	65	24	$	$	SYM
ftr-421	65	25	99	99	NUM
ftr-421	65	26	for	for	ADP
ftr-421	65	27	a	a	DET
ftr-421	65	28	limited	limited	ADJ
ftr-421	65	29	partnership	partnership	NOUN
ftr-421	65	30	interest	interest	NOUN
ftr-421	65	31	worth	worth	ADJ
ftr-421	65	32	$	$	SYM
ftr-421	65	33	66	66	NUM
ftr-421	65	34	,	,	PUNCT
ftr-421	65	35	with	with	ADP
ftr-421	65	36	no	no	DET
ftr-421	65	37	right	right	NOUN
ftr-421	65	38	to	to	PART
ftr-421	65	39	control	control	VERB
ftr-421	65	40	the	the	DET
ftr-421	65	41	partnership	partnership	NOUN
ftr-421	65	42	and	and	CCONJ
ftr-421	65	43	no	no	DET
ftr-421	65	44	right	right	NOUN
ftr-421	65	45	to	to	PART
ftr-421	65	46	compel	compel	VERB
ftr-421	65	47	a	a	DET
ftr-421	65	48	distribution	distribution	NOUN
ftr-421	65	49	of	of	ADP
ftr-421	65	50	her	her	PRON
ftr-421	65	51	share	share	NOUN
ftr-421	65	52	of	of	ADP
ftr-421	65	53	partnership	partnership	NOUN
ftr-421	65	54	assets	asset	NOUN
ftr-421	65	55	?	?	PUNCT
ftr-421	66	1	the	the	DET
ftr-421	66	2	short	short	ADJ
ftr-421	66	3	answer	answer	NOUN
ftr-421	66	4	is	be	AUX
ftr-421	66	5	that	that	SCONJ
ftr-421	66	6	no	no	DET
ftr-421	66	7	rational	rational	ADJ
ftr-421	66	8	person	person	NOUN
ftr-421	66	9	dealing	deal	VERB
ftr-421	66	10	at	at	ADP
ftr-421	66	11	arm	arm	NOUN
ftr-421	66	12	’s	’s	PART
ftr-421	66	13	length	length	NOUN
ftr-421	66	14	would	would	AUX
ftr-421	66	15	ever	ever	ADV
ftr-421	66	16	make	make	VERB
ftr-421	66	17	such	such	DET
ftr-421	66	18	an	an	DET
ftr-421	66	19	investment	investment	NOUN
ftr-421	66	20	.	.	PUNCT
ftr-421	67	1	in	in	ADP
ftr-421	67	2	fact	fact	NOUN
ftr-421	67	3	,	,	PUNCT
ftr-421	67	4	the	the	DET
ftr-421	67	5	notion	notion	NOUN
ftr-421	67	6	of	of	ADP
ftr-421	67	7	fair	fair	ADJ
ftr-421	67	8	market	market	NOUN
ftr-421	67	9	value	value	NOUN
ftr-421	67	10	,	,	PUNCT
ftr-421	67	11	premised	premise	VERB
ftr-421	67	12	on	on	ADP
ftr-421	67	13	a	a	DET
ftr-421	67	14	voluntary	voluntary	ADJ
ftr-421	67	15	arm’s	arm’s	NUM
ftr-421	67	16	-	-	PUNCT
ftr-421	67	17	length	length	NOUN
ftr-421	67	18	exchange	exchange	NOUN
ftr-421	67	19	,	,	PUNCT
ftr-421	67	20	is	be	AUX
ftr-421	67	21	profoundly	profoundly	ADV
ftr-421	67	22	unrealistic	unrealistic	ADJ
ftr-421	67	23	in	in	ADP
ftr-421	67	24	this	this	DET
ftr-421	67	25	context	context	NOUN
ftr-421	67	26	.	.	PUNCT
ftr-421	68	1	a	a	DET
ftr-421	68	2	’s	’s	ADJ
ftr-421	68	3	partnership	partnership	NOUN
ftr-421	68	4	interest	interest	NOUN
ftr-421	68	5	is	be	AUX
ftr-421	68	6	specifically	specifically	ADV
ftr-421	68	7	designed	design	VERB
ftr-421	68	8	to	to	PART
ftr-421	68	9	be	be	AUX
ftr-421	68	10	given	give	VERB
ftr-421	68	11	away	away	ADP
ftr-421	68	12	during	during	ADP
ftr-421	68	13	life	life	NOUN
ftr-421	68	14	or	or	CCONJ
ftr-421	68	15	at	at	ADP
ftr-421	68	16	death	death	NOUN
ftr-421	68	17	,	,	PUNCT
ftr-421	68	18	and	and	CCONJ
ftr-421	68	19	it	it	PRON
ftr-421	68	20	seems	seem	VERB
ftr-421	68	21	incongruous	incongruous	ADJ
ftr-421	68	22	to	to	PART
ftr-421	68	23	postulate	postulate	VERB
ftr-421	68	24	an	an	DET
ftr-421	68	25	arm’s	arm’s	NUM
ftr-421	68	26	-	-	PUNCT
ftr-421	68	27	length	length	NOUN
ftr-421	68	28	sale	sale	NOUN
ftr-421	68	29	of	of	ADP
ftr-421	68	30	such	such	DET
ftr-421	68	31	an	an	DET
ftr-421	68	32	interest	interest	NOUN
ftr-421	68	33	.	.	PUNCT
ftr-421	69	1	nevertheless	nevertheless	ADV
ftr-421	69	2	,	,	PUNCT
ftr-421	69	3	the	the	DET
ftr-421	69	4	courts	court	NOUN
ftr-421	69	5	appear	appear	VERB
ftr-421	69	6	to	to	PART
ftr-421	69	7	have	have	AUX
ftr-421	69	8	accepted	accept	VERB
ftr-421	69	9	the8	the8	NOUN
ftr-421	69	10	notion	notion	NOUN
ftr-421	69	11	that	that	SCONJ
ftr-421	69	12	a	a	DET
ftr-421	69	13	family	family	NOUN
ftr-421	69	14	partnership	partnership	NOUN
ftr-421	69	15	can	can	AUX
ftr-421	69	16	generate	generate	VERB
ftr-421	69	17	substantial	substantial	ADJ
ftr-421	69	18	valuation	valuation	NOUN
ftr-421	69	19	discounts	discount	NOUN
ftr-421	69	20	for	for	ADP
ftr-421	69	21	gift	gift	NOUN
ftr-421	69	22	and	and	CCONJ
ftr-421	69	23	estate	estate	NOUN
ftr-421	69	24	tax	tax	NOUN
ftr-421	69	25	purposes	purpose	NOUN
ftr-421	69	26	even	even	ADV
ftr-421	69	27	if	if	SCONJ
ftr-421	69	28	it	it	PRON
ftr-421	69	29	has	have	VERB
ftr-421	69	30	no	no	DET
ftr-421	69	31	business	business	NOUN
ftr-421	69	32	purpose	purpose	NOUN
ftr-421	69	33	.	.	PUNCT
ftr-421	70	1	to	to	PART
ftr-421	70	2	obtain	obtain	VERB
ftr-421	70	3	the	the	DET
ftr-421	70	4	largest	large	ADJ
ftr-421	70	5	available	available	ADJ
ftr-421	70	6	discount	discount	NOUN
ftr-421	70	7	,	,	PUNCT
ftr-421	70	8	however	however	ADV
ftr-421	70	9	,	,	PUNCT
ftr-421	70	10	a	a	DET
ftr-421	70	11	taxpayer	taxpayer	NOUN
ftr-421	70	12	must	must	AUX
ftr-421	70	13	take	take	VERB
ftr-421	70	14	care	care	NOUN
ftr-421	70	15	to	to	PART
ftr-421	70	16	ensure	ensure	VERB
ftr-421	70	17	that	that	SCONJ
ftr-421	70	18	the	the	DET
ftr-421	70	19	transaction	transaction	NOUN
ftr-421	70	20	is	be	AUX
ftr-421	70	21	structured	structure	VERB
ftr-421	70	22	as	as	ADP
ftr-421	70	23	a	a	DET
ftr-421	70	24	gift	gift	NOUN
ftr-421	70	25	of	of	ADP
ftr-421	70	26	a	a	DET
ftr-421	70	27	partnership	partnership	NOUN
ftr-421	70	28	interest	interest	NOUN
ftr-421	70	29	rather	rather	ADV
ftr-421	70	30	than	than	ADP
ftr-421	70	31	an	an	DET
ftr-421	70	32	indirect	indirect	ADJ
ftr-421	70	33	gift	gift	NOUN
ftr-421	70	34	of	of	ADP
ftr-421	70	35	the	the	DET
ftr-421	70	36	contributed	contribute	VERB
ftr-421	70	37	assets	asset	NOUN
ftr-421	70	38	.	.	PUNCT
ftr-421	71	1	in	in	ADP
ftr-421	71	2	the	the	DET
ftr-421	71	3	case	case	NOUN
ftr-421	71	4	of	of	ADP
ftr-421	71	5	a	a	DET
ftr-421	71	6	disproportionate	disproportionate	ADJ
ftr-421	71	7	capital	capital	NOUN
ftr-421	71	8	contribution	contribution	NOUN
ftr-421	71	9	to	to	ADP
ftr-421	71	10	a	a	DET
ftr-421	71	11	corporation	corporation	NOUN
ftr-421	71	12	,	,	PUNCT
ftr-421	71	13	the	the	DET
ftr-421	71	14	contributing	contribute	VERB
ftr-421	71	15	shareholder	shareholder	NOUN
ftr-421	71	16	is	be	AUX
ftr-421	71	17	generally	generally	ADV
ftr-421	71	18	treated	treat	VERB
ftr-421	71	19	as	as	ADP
ftr-421	71	20	making	make	VERB
ftr-421	71	21	an	an	DET
ftr-421	71	22	indirect	indirect	ADJ
ftr-421	71	23	gift	gift	NOUN
ftr-421	71	24	to	to	ADP
ftr-421	71	25	the	the	DET
ftr-421	71	26	other	other	ADJ
ftr-421	71	27	shareholders	shareholder	NOUN
ftr-421	71	28	“	"	PUNCT
ftr-421	71	29	to	to	ADP
ftr-421	71	30	the	the	DET
ftr-421	71	31	extent	extent	NOUN
ftr-421	71	32	of	of	ADP
ftr-421	71	33	their	their	PRON
ftr-421	71	34	proportionate	proportionate	ADJ
ftr-421	71	35	interests	interest	NOUN
ftr-421	71	36	in	in	ADP
ftr-421	71	37	the	the	DET
ftr-421	71	38	corporation	corporation	NOUN
ftr-421	71	39	.	.	PUNCT
ftr-421	71	40	”9	”9	PUNCT
ftr-421	72	1	courts	court	NOUN
ftr-421	72	2	have	have	AUX
ftr-421	72	3	traditionally	traditionally	ADV
ftr-421	72	4	valued	value	VERB
ftr-421	72	5	the	the	DET
ftr-421	72	6	gift	gift	NOUN
ftr-421	72	7	simply	simply	ADV
ftr-421	72	8	by	by	ADP
ftr-421	72	9	subtracting	subtract	VERB
ftr-421	72	10	the	the	DET
ftr-421	72	11	donor	donor	NOUN
ftr-421	72	12	’s	’s	PART
ftr-421	72	13	retained	retain	VERB
ftr-421	72	14	proportionate	proportionate	ADJ
ftr-421	72	15	interest	interest	NOUN
ftr-421	72	16	from	from	ADP
ftr-421	72	17	the	the	DET
ftr-421	72	18	value	value	NOUN
ftr-421	72	19	of	of	ADP
ftr-421	72	20	the	the	DET
ftr-421	72	21	contributed	contribute	VERB
ftr-421	72	22	assets	asset	NOUN
ftr-421	72	23	.	.	PUNCT
ftr-421	73	1	in	in	ADP
ftr-421	73	2	the10	the10	NOUN
ftr-421	73	3	7	7	NUM
ftr-421	73	4	.	.	PUNCT
ftr-421	74	1	if	if	SCONJ
ftr-421	74	2	a	a	PRON
ftr-421	74	3	retains	retain	VERB
ftr-421	74	4	possession	possession	NOUN
ftr-421	74	5	or	or	CCONJ
ftr-421	74	6	enjoyment	enjoyment	NOUN
ftr-421	74	7	of	of	ADP
ftr-421	74	8	the	the	DET
ftr-421	74	9	contributed	contribute	VERB
ftr-421	74	10	property	property	NOUN
ftr-421	74	11	or	or	CCONJ
ftr-421	74	12	a	a	DET
ftr-421	74	13	right	right	NOUN
ftr-421	74	14	to	to	PART
ftr-421	74	15	control	control	VERB
ftr-421	74	16	beneficial	beneficial	ADJ
ftr-421	74	17	enjoyment	enjoyment	NOUN
ftr-421	74	18	of	of	ADP
ftr-421	74	19	the	the	DET
ftr-421	74	20	property	property	NOUN
ftr-421	74	21	for	for	ADP
ftr-421	74	22	life	life	NOUN
ftr-421	74	23	,	,	PUNCT
ftr-421	74	24	the	the	DET
ftr-421	74	25	existence	existence	NOUN
ftr-421	74	26	of	of	ADP
ftr-421	74	27	the	the	DET
ftr-421	74	28	partnership	partnership	NOUN
ftr-421	74	29	may	may	AUX
ftr-421	74	30	in	in	ADP
ftr-421	74	31	effect	effect	NOUN
ftr-421	74	32	be	be	AUX
ftr-421	74	33	disregarded	disregard	VERB
ftr-421	74	34	for	for	ADP
ftr-421	74	35	estate	estate	NOUN
ftr-421	74	36	tax	tax	NOUN
ftr-421	74	37	purposes	purpose	NOUN
ftr-421	74	38	under	under	ADP
ftr-421	74	39	§	§	PROPN
ftr-421	74	40	2036	2036	NUM
ftr-421	74	41	.	.	PUNCT
ftr-421	75	1	see	see	VERB
ftr-421	75	2	infra	infra	NOUN
ftr-421	75	3	notes	note	VERB
ftr-421	75	4	79	79	NUM
ftr-421	75	5	-	-	SYM
ftr-421	75	6	80	80	NUM
ftr-421	75	7	and	and	CCONJ
ftr-421	75	8	accompanying	accompany	VERB
ftr-421	75	9	text	text	NOUN
ftr-421	75	10	.	.	PUNCT
ftr-421	76	1	8	8	X
ftr-421	76	2	.	.	X
ftr-421	76	3	see	see	VERB
ftr-421	76	4	wallace	wallace	PROPN
ftr-421	76	5	v.	v.	PROPN
ftr-421	76	6	united	united	PROPN
ftr-421	76	7	states	states	PROPN
ftr-421	76	8	,	,	PUNCT
ftr-421	76	9	566	566	NUM
ftr-421	76	10	f.	f.	PROPN
ftr-421	76	11	supp	supp	PROPN
ftr-421	76	12	.	.	PUNCT
ftr-421	77	1	904	904	NUM
ftr-421	77	2	,	,	PUNCT
ftr-421	77	3	918	918	NUM
ftr-421	77	4	-	-	SYM
ftr-421	77	5	21	21	NUM
ftr-421	77	6	(	(	PUNCT
ftr-421	77	7	d.	d.	PROPN
ftr-421	77	8	mass	mass	PROPN
ftr-421	77	9	.	.	PROPN
ftr-421	77	10	1981	1981	NUM
ftr-421	77	11	)	)	PUNCT
ftr-421	78	1	(	(	PUNCT
ftr-421	78	2	noting	note	VERB
ftr-421	78	3	the	the	DET
ftr-421	78	4	difficulty	difficulty	NOUN
ftr-421	78	5	of	of	ADP
ftr-421	78	6	constructing	construct	VERB
ftr-421	78	7	terms	term	NOUN
ftr-421	78	8	of	of	ADP
ftr-421	78	9	a	a	DET
ftr-421	78	10	hypothetical	hypothetical	ADJ
ftr-421	78	11	sale	sale	NOUN
ftr-421	78	12	of	of	ADP
ftr-421	78	13	“	"	PUNCT
ftr-421	78	14	property	property	NOUN
ftr-421	78	15	interests	interest	NOUN
ftr-421	78	16	that	that	PRON
ftr-421	78	17	would	would	AUX
ftr-421	78	18	never	never	ADV
ftr-421	78	19	be	be	AUX
ftr-421	78	20	fashioned	fashion	VERB
ftr-421	78	21	for	for	ADP
ftr-421	78	22	transfer	transfer	NOUN
ftr-421	78	23	in	in	ADP
ftr-421	78	24	an	an	DET
ftr-421	78	25	arms	arm	NOUN
ftr-421	78	26	-	-	PUNCT
ftr-421	78	27	length	length	NOUN
ftr-421	78	28	transaction	transaction	NOUN
ftr-421	78	29	”	"	PUNCT
ftr-421	78	30	)	)	PUNCT
ftr-421	78	31	.	.	PUNCT
ftr-421	79	1	in	in	ADP
ftr-421	79	2	some	some	DET
ftr-421	79	3	cases	case	NOUN
ftr-421	79	4	,	,	PUNCT
ftr-421	79	5	a	a	DET
ftr-421	79	6	token	token	ADJ
ftr-421	79	7	1	1	NUM
ftr-421	79	8	%	%	NOUN
ftr-421	79	9	limited	limited	ADJ
ftr-421	79	10	partnership	partnership	NOUN
ftr-421	79	11	interest	interest	NOUN
ftr-421	79	12	is	be	AUX
ftr-421	79	13	given	give	VERB
ftr-421	79	14	to	to	ADP
ftr-421	79	15	an	an	DET
ftr-421	79	16	unrelated	unrelated	ADJ
ftr-421	79	17	party	party	NOUN
ftr-421	79	18	,	,	PUNCT
ftr-421	79	19	often	often	ADV
ftr-421	79	20	a	a	DET
ftr-421	79	21	charity	charity	NOUN
ftr-421	79	22	,	,	PUNCT
ftr-421	79	23	in	in	ADP
ftr-421	79	24	order	order	NOUN
ftr-421	79	25	to	to	PART
ftr-421	79	26	create	create	VERB
ftr-421	79	27	the	the	DET
ftr-421	79	28	appearance	appearance	NOUN
ftr-421	79	29	of	of	ADP
ftr-421	79	30	an	an	DET
ftr-421	79	31	arm’s	arm’s	NUM
ftr-421	79	32	-	-	PUNCT
ftr-421	79	33	length	length	NOUN
ftr-421	79	34	transfer	transfer	NOUN
ftr-421	79	35	.	.	PUNCT
ftr-421	80	1	the	the	DET
ftr-421	80	2	charity	charity	NOUN
ftr-421	80	3	,	,	PUNCT
ftr-421	80	4	however	however	ADV
ftr-421	80	5	,	,	PUNCT
ftr-421	80	6	does	do	AUX
ftr-421	80	7	not	not	PART
ftr-421	80	8	retain	retain	VERB
ftr-421	80	9	the	the	DET
ftr-421	80	10	interest	interest	NOUN
ftr-421	80	11	.	.	PUNCT
ftr-421	81	1	instead	instead	ADV
ftr-421	81	2	,	,	PUNCT
ftr-421	81	3	the	the	DET
ftr-421	81	4	interest	interest	NOUN
ftr-421	81	5	is	be	AUX
ftr-421	81	6	likely	likely	ADJ
ftr-421	81	7	to	to	PART
ftr-421	81	8	be	be	AUX
ftr-421	81	9	redeemed	redeem	VERB
ftr-421	81	10	by	by	ADP
ftr-421	81	11	the	the	DET
ftr-421	81	12	partnership	partnership	NOUN
ftr-421	81	13	,	,	PUNCT
ftr-421	81	14	possibly	possibly	ADV
ftr-421	81	15	at	at	ADP
ftr-421	81	16	a	a	DET
ftr-421	81	17	bargain	bargain	NOUN
ftr-421	81	18	price	price	NOUN
ftr-421	81	19	.	.	PUNCT
ftr-421	82	1	see	see	VERB
ftr-421	82	2	,	,	PUNCT
ftr-421	82	3	e.g.	e.g.	ADV
ftr-421	82	4	,	,	PUNCT
ftr-421	82	5	mccord	mccord	PROPN
ftr-421	82	6	v.	v.	PROPN
ftr-421	82	7	commissioner	commissioner	PROPN
ftr-421	82	8	,	,	PUNCT
ftr-421	82	9	120	120	NUM
ftr-421	82	10	t.c	t.c	PROPN
ftr-421	82	11	.	.	PROPN
ftr-421	83	1	358	358	NUM
ftr-421	83	2	(	(	PUNCT
ftr-421	83	3	2003	2003	NUM
ftr-421	83	4	)	)	PUNCT
ftr-421	83	5	.	.	PUNCT
ftr-421	84	1	9	9	X
ftr-421	84	2	.	.	X
ftr-421	84	3	regs	reg	NOUN
ftr-421	84	4	.	.	PUNCT
ftr-421	85	1	§	§	PROPN
ftr-421	85	2	25.2511	25.2511	NUM
ftr-421	85	3	-	-	SYM
ftr-421	85	4	1(h)(1	1(h)(1	NUM
ftr-421	85	5	)	)	PUNCT
ftr-421	85	6	.	.	PUNCT
ftr-421	86	1	10	10	X
ftr-421	86	2	.	.	PUNCT
ftr-421	86	3	see	see	VERB
ftr-421	86	4	kincaid	kincaid	PROPN
ftr-421	86	5	v.	v.	PROPN
ftr-421	86	6	united	united	PROPN
ftr-421	86	7	states	states	PROPN
ftr-421	86	8	,	,	PUNCT
ftr-421	86	9	682	682	NUM
ftr-421	86	10	f.2d	f.2d	NOUN
ftr-421	86	11	1220	1220	NUM
ftr-421	86	12	(	(	PUNCT
ftr-421	86	13	5th	5th	ADJ
ftr-421	86	14	cir	cir	NOUN
ftr-421	86	15	.	.	PROPN
ftr-421	86	16	1982	1982	NUM
ftr-421	86	17	)	)	PUNCT
ftr-421	86	18	,	,	PUNCT
ftr-421	86	19	involving	involve	VERB
ftr-421	86	20	a	a	DET
ftr-421	86	21	contribution	contribution	NOUN
ftr-421	86	22	of	of	ADP
ftr-421	86	23	assets	asset	NOUN
ftr-421	86	24	to	to	ADP
ftr-421	86	25	a	a	DET
ftr-421	86	26	newly	newly	ADV
ftr-421	86	27	formed	form	VERB
ftr-421	86	28	family	family	NOUN
ftr-421	86	29	corporation	corporation	NOUN
ftr-421	86	30	.	.	PUNCT
ftr-421	87	1	the	the	DET
ftr-421	87	2	court	court	NOUN
ftr-421	87	3	characterized	characterize	VERB
ftr-421	87	4	the	the	DET
ftr-421	87	5	gift	gift	NOUN
ftr-421	87	6	as	as	ADP
ftr-421	87	7	an	an	DET
ftr-421	87	8	enhancement	enhancement	NOUN
ftr-421	87	9	of	of	ADP
ftr-421	87	10	the	the	DET
ftr-421	87	11	value	value	NOUN
ftr-421	87	12	of	of	ADP
ftr-421	87	13	the	the	DET
ftr-421	87	14	donees	donee	NOUN
ftr-421	87	15	’	'	PUNCT
ftr-421	87	16	stock	stock	NOUN
ftr-421	87	17	,	,	PUNCT
ftr-421	87	18	equal	equal	ADJ
ftr-421	87	19	to	to	ADP
ftr-421	87	20	the	the	DET
ftr-421	87	21	difference	difference	NOUN
ftr-421	87	22	between	between	ADP
ftr-421	87	23	the	the	DET
ftr-421	87	24	value	value	NOUN
ftr-421	87	25	of	of	ADP
ftr-421	87	26	the	the	DET
ftr-421	87	27	contributed	contribute	VERB
ftr-421	87	28	assets	asset	NOUN
ftr-421	87	29	and	and	CCONJ
ftr-421	87	30	the	the	DET
ftr-421	87	31	taxpayer	taxpayer	NOUN
ftr-421	87	32	’s	’s	PART
ftr-421	87	33	interest	interest	NOUN
ftr-421	87	34	based	base	VERB
ftr-421	87	35	on	on	ADP
ftr-421	87	36	her	her	PRON
ftr-421	87	37	proportionate	proportionate	ADJ
ftr-421	87	38	stock	stock	NOUN
ftr-421	87	39	ownership	ownership	NOUN
ftr-421	87	40	;	;	PUNCT
ftr-421	87	41	the	the	DET
ftr-421	87	42	court	court	NOUN
ftr-421	87	43	did	do	AUX
ftr-421	87	44	not	not	PART
ftr-421	87	45	consider	consider	VERB
ftr-421	87	46	or	or	CCONJ
ftr-421	87	47	allow	allow	VERB
ftr-421	87	48	any	any	DET
ftr-421	87	49	valuation	valuation	NOUN
ftr-421	87	50	discounts	discount	NOUN
ftr-421	87	51	.	.	PUNCT
ftr-421	88	1	see	see	VERB
ftr-421	88	2	i	i	PRON
ftr-421	88	3	d.	d.	PROPN
ftr-421	88	4	at	at	ADP
ftr-421	88	5	654	654	NUM
ftr-421	88	6	florida	florida	PROPN
ftr-421	88	7	tax	tax	NOUN
ftr-421	88	8	review	review	NOUN
ftr-421	88	9	[	[	X
ftr-421	88	10	vol.6:6	vol.6:6	PRON
ftr-421	88	11	case	case	NOUN
ftr-421	88	12	of	of	ADP
ftr-421	88	13	a	a	DET
ftr-421	88	14	partnership	partnership	NOUN
ftr-421	88	15	,	,	PUNCT
ftr-421	88	16	however	however	ADV
ftr-421	88	17	,	,	PUNCT
ftr-421	88	18	the	the	DET
ftr-421	88	19	capital	capital	NOUN
ftr-421	88	20	account	account	NOUN
ftr-421	88	21	rules	rule	NOUN
ftr-421	88	22	of	of	ADP
ftr-421	88	23	section	section	NOUN
ftr-421	88	24	704(b	704(b	PROPN
ftr-421	88	25	)	)	PUNCT
ftr-421	88	26	require	require	VERB
ftr-421	88	27	that	that	SCONJ
ftr-421	88	28	the	the	DET
ftr-421	88	29	value	value	NOUN
ftr-421	88	30	of	of	ADP
ftr-421	88	31	the	the	DET
ftr-421	88	32	contributed	contribute	VERB
ftr-421	88	33	assets	asset	NOUN
ftr-421	88	34	be	be	AUX
ftr-421	88	35	credited	credit	VERB
ftr-421	88	36	to	to	ADP
ftr-421	88	37	the	the	DET
ftr-421	88	38	contributing	contribute	VERB
ftr-421	88	39	partner	partner	NOUN
ftr-421	88	40	’s	’s	PART
ftr-421	88	41	capital	capital	NOUN
ftr-421	88	42	account	account	NOUN
ftr-421	88	43	.	.	PUNCT
ftr-421	89	1	if	if	SCONJ
ftr-421	89	2	the	the	DET
ftr-421	89	3	contribution	contribution	NOUN
ftr-421	89	4	results	result	VERB
ftr-421	89	5	in	in	ADP
ftr-421	89	6	the	the	DET
ftr-421	89	7	enhancement	enhancement	NOUN
ftr-421	89	8	of11	of11	PROPN
ftr-421	89	9	another	another	DET
ftr-421	89	10	partner	partner	NOUN
ftr-421	89	11	’s	’s	PART
ftr-421	89	12	capital	capital	NOUN
ftr-421	89	13	account	account	NOUN
ftr-421	89	14	–	–	PUNCT
ftr-421	89	15	in	in	ADP
ftr-421	89	16	violation	violation	NOUN
ftr-421	89	17	of	of	ADP
ftr-421	89	18	the	the	DET
ftr-421	89	19	capital	capital	NOUN
ftr-421	89	20	account	account	NOUN
ftr-421	89	21	rules	rule	NOUN
ftr-421	89	22	–	–	PUNCT
ftr-421	89	23	the	the	DET
ftr-421	89	24	contributing	contribute	VERB
ftr-421	89	25	partner	partner	NOUN
ftr-421	89	26	is	be	AUX
ftr-421	89	27	likely	likely	ADJ
ftr-421	89	28	to	to	PART
ftr-421	89	29	be	be	AUX
ftr-421	89	30	treated	treat	VERB
ftr-421	89	31	as	as	ADP
ftr-421	89	32	making	make	VERB
ftr-421	89	33	an	an	DET
ftr-421	89	34	indirect	indirect	ADJ
ftr-421	89	35	gift	gift	NOUN
ftr-421	89	36	of	of	ADP
ftr-421	89	37	the	the	DET
ftr-421	89	38	contributed	contribute	VERB
ftr-421	89	39	assets	asset	NOUN
ftr-421	89	40	,	,	PUNCT
ftr-421	89	41	generating	generate	VERB
ftr-421	89	42	a	a	DET
ftr-421	89	43	smaller	small	ADJ
ftr-421	89	44	discount	discount	NOUN
ftr-421	89	45	than	than	ADP
ftr-421	89	46	a	a	DET
ftr-421	89	47	gift	gift	NOUN
ftr-421	89	48	of	of	ADP
ftr-421	89	49	a	a	DET
ftr-421	89	50	partnership	partnership	NOUN
ftr-421	89	51	interest.12	interest.12	NOUN
ftr-421	89	52	to	to	PART
ftr-421	89	53	illustrate	illustrate	VERB
ftr-421	89	54	several	several	ADJ
ftr-421	89	55	alternative	alternative	ADJ
ftr-421	89	56	ways	way	NOUN
ftr-421	89	57	of	of	ADP
ftr-421	89	58	valuing	value	VERB
ftr-421	89	59	the	the	DET
ftr-421	89	60	contributing	contribute	VERB
ftr-421	89	61	partner	partner	NOUN
ftr-421	89	62	’s	’s	PART
ftr-421	89	63	gift	gift	NOUN
ftr-421	89	64	,	,	PUNCT
ftr-421	89	65	suppose	suppose	VERB
ftr-421	89	66	d	d	X
ftr-421	89	67	contributes	contribute	VERB
ftr-421	89	68	land	land	NOUN
ftr-421	89	69	worth	worth	ADJ
ftr-421	89	70	$	$	SYM
ftr-421	89	71	100	100	NUM
ftr-421	89	72	to	to	ADP
ftr-421	89	73	a	a	DET
ftr-421	89	74	family	family	NOUN
ftr-421	89	75	partnership	partnership	NOUN
ftr-421	89	76	of	of	ADP
ftr-421	89	77	which	which	PRON
ftr-421	89	78	d	d	NOUN
ftr-421	89	79	is	be	AUX
ftr-421	89	80	a	a	DET
ftr-421	89	81	40	40	NUM
ftr-421	89	82	%	%	NOUN
ftr-421	89	83	general	general	ADJ
ftr-421	89	84	partner	partner	NOUN
ftr-421	89	85	and	and	CCONJ
ftr-421	89	86	her	her	PRON
ftr-421	89	87	two	two	NUM
ftr-421	89	88	children	child	NOUN
ftr-421	89	89	are	be	AUX
ftr-421	89	90	each	each	DET
ftr-421	89	91	30	30	NUM
ftr-421	89	92	%	%	NOUN
ftr-421	89	93	general	general	ADJ
ftr-421	89	94	partners	partner	NOUN
ftr-421	89	95	.	.	PUNCT
ftr-421	90	1	instead	instead	ADV
ftr-421	90	2	of	of	ADP
ftr-421	90	3	crediting	credit	VERB
ftr-421	90	4	the	the	DET
ftr-421	90	5	full	full	ADJ
ftr-421	90	6	value	value	NOUN
ftr-421	90	7	of	of	ADP
ftr-421	90	8	the	the	DET
ftr-421	90	9	land	land	NOUN
ftr-421	90	10	to	to	ADP
ftr-421	90	11	d	d	VERB
ftr-421	90	12	’s	’s	PART
ftr-421	90	13	capital	capital	NOUN
ftr-421	90	14	account	account	NOUN
ftr-421	90	15	,	,	PUNCT
ftr-421	90	16	d	d	PRON
ftr-421	90	17	receives	receive	VERB
ftr-421	90	18	a	a	DET
ftr-421	90	19	capital	capital	NOUN
ftr-421	90	20	account	account	NOUN
ftr-421	90	21	of	of	ADP
ftr-421	90	22	$	$	SYM
ftr-421	90	23	40	40	NUM
ftr-421	90	24	and	and	CCONJ
ftr-421	90	25	each	each	PRON
ftr-421	90	26	of	of	ADP
ftr-421	90	27	the	the	DET
ftr-421	90	28	children	child	NOUN
ftr-421	90	29	receives	receive	VERB
ftr-421	90	30	a	a	DET
ftr-421	90	31	capital	capital	NOUN
ftr-421	90	32	account	account	NOUN
ftr-421	90	33	of	of	ADP
ftr-421	90	34	$	$	SYM
ftr-421	90	35	30	30	NUM
ftr-421	90	36	.	.	PUNCT
ftr-421	91	1	the	the	DET
ftr-421	91	2	available	available	ADJ
ftr-421	91	3	discount	discount	NOUN
ftr-421	91	4	is	be	AUX
ftr-421	91	5	15	15	NUM
ftr-421	91	6	%	%	NOUN
ftr-421	91	7	for	for	ADP
ftr-421	91	8	a	a	DET
ftr-421	91	9	gift	gift	NOUN
ftr-421	91	10	of	of	ADP
ftr-421	91	11	an	an	DET
ftr-421	91	12	undivided	undivided	ADJ
ftr-421	91	13	fractional	fractional	ADJ
ftr-421	91	14	interest	interest	NOUN
ftr-421	91	15	in	in	ADP
ftr-421	91	16	the	the	DET
ftr-421	91	17	land	land	NOUN
ftr-421	91	18	,	,	PUNCT
ftr-421	91	19	or	or	CCONJ
ftr-421	91	20	30	30	NUM
ftr-421	91	21	%	%	NOUN
ftr-421	91	22	for	for	ADP
ftr-421	91	23	a	a	DET
ftr-421	91	24	gift	gift	NOUN
ftr-421	91	25	of	of	ADP
ftr-421	91	26	a	a	DET
ftr-421	91	27	partnership	partnership	NOUN
ftr-421	91	28	interest	interest	NOUN
ftr-421	91	29	.	.	PUNCT
ftr-421	92	1	depending	depend	VERB
ftr-421	92	2	on	on	ADP
ftr-421	92	3	how	how	SCONJ
ftr-421	92	4	the	the	DET
ftr-421	92	5	transfer	transfer	NOUN
ftr-421	92	6	is	be	AUX
ftr-421	92	7	characterized	characterize	VERB
ftr-421	92	8	,	,	PUNCT
ftr-421	92	9	d	d	PRON
ftr-421	92	10	’s	’s	ADJ
ftr-421	92	11	gift	gift	NOUN
ftr-421	92	12	might	might	AUX
ftr-421	92	13	be	be	AUX
ftr-421	92	14	valued	value	VERB
ftr-421	92	15	in	in	ADP
ftr-421	92	16	any	any	PRON
ftr-421	92	17	of	of	ADP
ftr-421	92	18	five	five	NUM
ftr-421	92	19	possible	possible	ADJ
ftr-421	92	20	ways	way	NOUN
ftr-421	92	21	:	:	PUNCT
ftr-421	92	22	(	(	PUNCT
ftr-421	92	23	a	a	X
ftr-421	92	24	)	)	PUNCT
ftr-421	92	25	$	$	SYM
ftr-421	92	26	42	42	NUM
ftr-421	92	27	,	,	PUNCT
ftr-421	92	28	the	the	DET
ftr-421	92	29	sum	sum	NOUN
ftr-421	92	30	of	of	ADP
ftr-421	92	31	the	the	DET
ftr-421	92	32	discounted	discount	VERB
ftr-421	92	33	partnership	partnership	NOUN
ftr-421	92	34	interests13	interests13	NOUN
ftr-421	92	35	received	receive	VERB
ftr-421	92	36	by	by	ADP
ftr-421	92	37	the	the	DET
ftr-421	92	38	children	child	NOUN
ftr-421	92	39	;	;	PUNCT
ftr-421	92	40	(	(	PUNCT
ftr-421	92	41	b	b	X
ftr-421	92	42	)	)	PUNCT
ftr-421	92	43	$	$	SYM
ftr-421	92	44	51	51	NUM
ftr-421	92	45	,	,	PUNCT
ftr-421	92	46	the	the	DET
ftr-421	92	47	sum	sum	NOUN
ftr-421	92	48	of	of	ADP
ftr-421	92	49	the	the	DET
ftr-421	92	50	fractional	fractional	ADJ
ftr-421	92	51	interests	interest	NOUN
ftr-421	92	52	in	in	ADP
ftr-421	92	53	land14	land14	NOUN
ftr-421	92	54	received	receive	VERB
ftr-421	92	55	by	by	ADP
ftr-421	92	56	the	the	DET
ftr-421	92	57	children	child	NOUN
ftr-421	92	58	;	;	PUNCT
ftr-421	92	59	(	(	PUNCT
ftr-421	92	60	c	c	X
ftr-421	92	61	)	)	PUNCT
ftr-421	92	62	$	$	SYM
ftr-421	92	63	60	60	NUM
ftr-421	92	64	,	,	PUNCT
ftr-421	92	65	the	the	DET
ftr-421	92	66	value	value	NOUN
ftr-421	92	67	of	of	ADP
ftr-421	92	68	the	the	DET
ftr-421	92	69	land	land	NOUN
ftr-421	92	70	less	less	ADJ
ftr-421	92	71	d	d	NOUN
ftr-421	92	72	’s	’s	ADV
ftr-421	92	73	proportional15	proportional15	ADJ
ftr-421	92	74	retained	retain	VERB
ftr-421	92	75	interest	interest	NOUN
ftr-421	92	76	(	(	PUNCT
ftr-421	92	77	or	or	CCONJ
ftr-421	92	78	the	the	DET
ftr-421	92	79	sum	sum	NOUN
ftr-421	92	80	of	of	ADP
ftr-421	92	81	the	the	DET
ftr-421	92	82	children	child	NOUN
ftr-421	92	83	’s	’s	PART
ftr-421	92	84	proportional	proportional	ADJ
ftr-421	92	85	interests	interest	NOUN
ftr-421	92	86	in	in	ADP
ftr-421	92	87	the	the	DET
ftr-421	92	88	land	land	NOUN
ftr-421	92	89	)	)	PUNCT
ftr-421	92	90	;	;	PUNCT
ftr-421	92	91	(	(	PUNCT
ftr-421	92	92	d	d	X
ftr-421	92	93	)	)	PUNCT
ftr-421	92	94	$	$	SYM
ftr-421	92	95	66	66	NUM
ftr-421	92	96	,	,	PUNCT
ftr-421	92	97	the	the	DET
ftr-421	92	98	value	value	NOUN
ftr-421	92	99	of	of	ADP
ftr-421	92	100	the	the	DET
ftr-421	92	101	land	land	NOUN
ftr-421	92	102	less	less	ADJ
ftr-421	92	103	d	d	NOUN
ftr-421	92	104	’s	’s	ADV
ftr-421	92	105	discounted	discount	VERB
ftr-421	92	106	fractional	fractional	ADJ
ftr-421	92	107	interest	interest	NOUN
ftr-421	92	108	in16	in16	PROPN
ftr-421	92	109	the	the	DET
ftr-421	92	110	land	land	NOUN
ftr-421	92	111	;	;	PUNCT
ftr-421	92	112	or	or	CCONJ
ftr-421	92	113	(	(	PUNCT
ftr-421	92	114	e	e	NOUN
ftr-421	92	115	)	)	PUNCT
ftr-421	92	116	$	$	SYM
ftr-421	92	117	72	72	NUM
ftr-421	92	118	,	,	PUNCT
ftr-421	92	119	the	the	DET
ftr-421	92	120	value	value	NOUN
ftr-421	92	121	of	of	ADP
ftr-421	92	122	the	the	DET
ftr-421	92	123	land	land	NOUN
ftr-421	92	124	less	less	ADJ
ftr-421	92	125	d	d	NOUN
ftr-421	92	126	’s	’s	NOUN
ftr-421	92	127	discounted	discount	VERB
ftr-421	92	128	partnership17	partnership17	NOUN
ftr-421	92	129	1224	1224	NUM
ftr-421	92	130	,	,	PUNCT
ftr-421	92	131	1226	1226	NUM
ftr-421	92	132	.	.	PUNCT
ftr-421	93	1	see	see	VERB
ftr-421	93	2	also	also	ADV
ftr-421	93	3	heringer	heringer	PROPN
ftr-421	93	4	v.	v.	PROPN
ftr-421	93	5	commissioner	commissioner	NOUN
ftr-421	93	6	,	,	PUNCT
ftr-421	93	7	235	235	NUM
ftr-421	93	8	f.2d	f.2d	SYM
ftr-421	93	9	149	149	NUM
ftr-421	93	10	(	(	PUNCT
ftr-421	93	11	9th	9th	ADJ
ftr-421	93	12	cir	cir	NOUN
ftr-421	93	13	.	.	PROPN
ftr-421	94	1	1956	1956	NUM
ftr-421	94	2	)	)	PUNCT
ftr-421	95	1	(	(	PUNCT
ftr-421	95	2	contribution	contribution	NOUN
ftr-421	95	3	of	of	ADP
ftr-421	95	4	land	land	NOUN
ftr-421	95	5	to	to	ADP
ftr-421	95	6	family	family	NOUN
ftr-421	95	7	corporation	corporation	NOUN
ftr-421	95	8	of	of	ADP
ftr-421	95	9	which	which	PRON
ftr-421	95	10	donors	donor	NOUN
ftr-421	95	11	were	be	AUX
ftr-421	95	12	40	40	NUM
ftr-421	95	13	%	%	NOUN
ftr-421	95	14	owners	owner	NOUN
ftr-421	95	15	,	,	PUNCT
ftr-421	95	16	treated	treat	VERB
ftr-421	95	17	as	as	ADP
ftr-421	95	18	gift	gift	NOUN
ftr-421	95	19	of	of	ADP
ftr-421	95	20	60	60	NUM
ftr-421	95	21	%	%	NOUN
ftr-421	95	22	of	of	ADP
ftr-421	95	23	value	value	NOUN
ftr-421	95	24	of	of	ADP
ftr-421	95	25	contributed	contribute	VERB
ftr-421	95	26	land	land	NOUN
ftr-421	95	27	)	)	PUNCT
ftr-421	95	28	.	.	PUNCT
ftr-421	96	1	11	11	NUM
ftr-421	96	2	.	.	X
ftr-421	97	1	see	see	VERB
ftr-421	97	2	regs	reg	NOUN
ftr-421	97	3	.	.	PUNCT
ftr-421	98	1	§	§	PROPN
ftr-421	98	2	1.704	1.704	NUM
ftr-421	98	3	-	-	SYM
ftr-421	98	4	1(b)(2)(iv)(d)(1	1(b)(2)(iv)(d)(1	NUM
ftr-421	98	5	)	)	PUNCT
ftr-421	98	6	.	.	PUNCT
ftr-421	99	1	12	12	NUM
ftr-421	99	2	.	.	PUNCT
ftr-421	99	3	see	see	VERB
ftr-421	99	4	shepherd	shepherd	NOUN
ftr-421	99	5	v.	v.	PROPN
ftr-421	99	6	commissioner	commissioner	NOUN
ftr-421	99	7	,	,	PUNCT
ftr-421	99	8	115	115	NUM
ftr-421	99	9	t.c	t.c	PROPN
ftr-421	99	10	.	.	PROPN
ftr-421	99	11	376	376	NUM
ftr-421	99	12	(	(	PUNCT
ftr-421	99	13	2000	2000	NUM
ftr-421	99	14	)	)	PUNCT
ftr-421	99	15	,	,	PUNCT
ftr-421	99	16	aff’d	aff’d	VERB
ftr-421	99	17	,	,	PUNCT
ftr-421	99	18	283	283	NUM
ftr-421	99	19	f.3d	f.3d	NUM
ftr-421	99	20	1258	1258	NUM
ftr-421	99	21	(	(	PUNCT
ftr-421	99	22	11th	11th	ADJ
ftr-421	99	23	cir	cir	NOUN
ftr-421	99	24	.	.	PUNCT
ftr-421	99	25	2002	2002	NUM
ftr-421	99	26	)	)	PUNCT
ftr-421	99	27	.	.	PUNCT
ftr-421	100	1	in	in	ADP
ftr-421	100	2	shepherd	shepherd	NOUN
ftr-421	100	3	,	,	PUNCT
ftr-421	100	4	the	the	DET
ftr-421	100	5	tax	tax	NOUN
ftr-421	100	6	court	court	NOUN
ftr-421	100	7	treated	treat	VERB
ftr-421	100	8	a	a	DET
ftr-421	100	9	contribution	contribution	NOUN
ftr-421	100	10	of	of	ADP
ftr-421	100	11	land	land	NOUN
ftr-421	100	12	to	to	ADP
ftr-421	100	13	a	a	DET
ftr-421	100	14	newly	newly	ADV
ftr-421	100	15	formed	form	VERB
ftr-421	100	16	partnership	partnership	NOUN
ftr-421	100	17	as	as	ADP
ftr-421	100	18	an	an	DET
ftr-421	100	19	indirect	indirect	ADJ
ftr-421	100	20	gift	gift	NOUN
ftr-421	100	21	of	of	ADP
ftr-421	100	22	undivided	undivided	ADJ
ftr-421	100	23	fractional	fractional	ADJ
ftr-421	100	24	interests	interest	NOUN
ftr-421	100	25	in	in	ADP
ftr-421	100	26	the	the	DET
ftr-421	100	27	land	land	NOUN
ftr-421	100	28	.	.	PUNCT
ftr-421	101	1	the	the	DET
ftr-421	101	2	court	court	NOUN
ftr-421	101	3	allowed	allow	VERB
ftr-421	101	4	a	a	DET
ftr-421	101	5	combined	combine	VERB
ftr-421	101	6	15	15	NUM
ftr-421	101	7	%	%	NOUN
ftr-421	101	8	discount	discount	NOUN
ftr-421	101	9	to	to	PART
ftr-421	101	10	reflect	reflect	VERB
ftr-421	101	11	lack	lack	NOUN
ftr-421	101	12	of	of	ADP
ftr-421	101	13	operational	operational	ADJ
ftr-421	101	14	control	control	NOUN
ftr-421	101	15	,	,	PUNCT
ftr-421	101	16	risk	risk	NOUN
ftr-421	101	17	of	of	ADP
ftr-421	101	18	disagreement	disagreement	NOUN
ftr-421	101	19	about	about	ADP
ftr-421	101	20	disposition	disposition	NOUN
ftr-421	101	21	,	,	PUNCT
ftr-421	101	22	and	and	CCONJ
ftr-421	101	23	possibility	possibility	NOUN
ftr-421	101	24	of	of	ADP
ftr-421	101	25	future	future	ADJ
ftr-421	101	26	partition	partition	NOUN
ftr-421	101	27	.	.	PUNCT
ftr-421	102	1	see	see	VERB
ftr-421	102	2	115	115	NUM
ftr-421	102	3	t.c	t.c	PROPN
ftr-421	102	4	.	.	PUNCT
ftr-421	103	1	at	at	ADP
ftr-421	103	2	38890	38890	NUM
ftr-421	103	3	,	,	PUNCT
ftr-421	103	4	400	400	NUM
ftr-421	103	5	-	-	SYM
ftr-421	103	6	02	02	NUM
ftr-421	103	7	.	.	PUNCT
ftr-421	104	1	this	this	PRON
ftr-421	104	2	was	be	AUX
ftr-421	104	3	less	less	ADJ
ftr-421	104	4	than	than	ADP
ftr-421	104	5	half	half	DET
ftr-421	104	6	the	the	DET
ftr-421	104	7	33.5	33.5	NUM
ftr-421	104	8	%	%	NOUN
ftr-421	104	9	stipulated	stipulate	VERB
ftr-421	104	10	discount	discount	NOUN
ftr-421	104	11	for	for	ADP
ftr-421	104	12	lack	lack	NOUN
ftr-421	104	13	of	of	ADP
ftr-421	104	14	control	control	NOUN
ftr-421	104	15	and	and	CCONJ
ftr-421	104	16	lack	lack	NOUN
ftr-421	104	17	of	of	ADP
ftr-421	104	18	marketability	marketability	NOUN
ftr-421	104	19	that	that	PRON
ftr-421	104	20	would	would	AUX
ftr-421	104	21	have	have	AUX
ftr-421	104	22	applied	apply	VERB
ftr-421	104	23	to	to	ADP
ftr-421	104	24	gifts	gift	NOUN
ftr-421	104	25	of	of	ADP
ftr-421	104	26	limited	limited	ADJ
ftr-421	104	27	partnership	partnership	NOUN
ftr-421	104	28	interests	interest	NOUN
ftr-421	104	29	.	.	PUNCT
ftr-421	105	1	13	13	NUM
ftr-421	105	2	.	.	PUNCT
ftr-421	106	1	the	the	DET
ftr-421	106	2	example	example	NOUN
ftr-421	106	3	in	in	ADP
ftr-421	106	4	text	text	NOUN
ftr-421	106	5	is	be	AUX
ftr-421	106	6	adapted	adapt	VERB
ftr-421	106	7	from	from	ADP
ftr-421	106	8	richard	richard	PROPN
ftr-421	106	9	covey	covey	PROPN
ftr-421	106	10	’s	’s	PART
ftr-421	106	11	hypothetical	hypothetical	ADJ
ftr-421	106	12	based	base	VERB
ftr-421	106	13	on	on	ADP
ftr-421	106	14	the	the	DET
ftr-421	106	15	shepherd	shepherd	ADJ
ftr-421	106	16	case	case	NOUN
ftr-421	106	17	.	.	PUNCT
ftr-421	107	1	see	see	VERB
ftr-421	107	2	the	the	DET
ftr-421	107	3	shepherd	shepherd	NOUN
ftr-421	107	4	,	,	PUNCT
ftr-421	107	5	knight	knight	NOUN
ftr-421	107	6	and	and	CCONJ
ftr-421	107	7	strangi	strangi	PROPN
ftr-421	107	8	cases	case	NOUN
ftr-421	107	9	–	–	PUNCT
ftr-421	107	10	family	family	NOUN
ftr-421	107	11	partnerships	partnership	NOUN
ftr-421	107	12	survive	survive	VERB
ftr-421	107	13	irs	irs	PROPN
ftr-421	107	14	attack	attack	NOUN
ftr-421	107	15	but	but	CCONJ
ftr-421	107	16	more	more	ADJ
ftr-421	107	17	to	to	PART
ftr-421	107	18	come	come	VERB
ftr-421	107	19	,	,	PUNCT
ftr-421	107	20	practical	practical	ADJ
ftr-421	107	21	drafting	drafting	NOUN
ftr-421	107	22	6295	6295	NUM
ftr-421	107	23	,	,	PUNCT
ftr-421	107	24	6297	6297	NUM
ftr-421	107	25	(	(	PUNCT
ftr-421	107	26	u.s	u.s	PROPN
ftr-421	107	27	.	.	PROPN
ftr-421	107	28	trust	trust	PROPN
ftr-421	107	29	co.	co.	PROPN
ftr-421	107	30	,	,	PUNCT
ftr-421	107	31	2001	2001	NUM
ftr-421	107	32	)	)	PUNCT
ftr-421	107	33	.	.	PUNCT
ftr-421	108	1	14	14	NUM
ftr-421	108	2	.	.	SYM
ftr-421	108	3	2	2	NUM
ftr-421	108	4	×	×	NOUN
ftr-421	108	5	(	(	PUNCT
ftr-421	108	6	$	$	SYM
ftr-421	108	7	30	30	NUM
ftr-421	108	8	×	×	NOUN
ftr-421	108	9	(	(	PUNCT
ftr-421	108	10	1	1	NUM
ftr-421	108	11	!	!	SYM
ftr-421	108	12	30	30	NUM
ftr-421	108	13	%	%	NOUN
ftr-421	108	14	)	)	PUNCT
ftr-421	108	15	)	)	PUNCT
ftr-421	108	16	.	.	PUNCT
ftr-421	109	1	this	this	PRON
ftr-421	109	2	is	be	AUX
ftr-421	109	3	apparently	apparently	ADV
ftr-421	109	4	the	the	DET
ftr-421	109	5	approach	approach	NOUN
ftr-421	109	6	favored	favor	VERB
ftr-421	109	7	by	by	ADP
ftr-421	109	8	judge	judge	PROPN
ftr-421	109	9	foley	foley	PROPN
ftr-421	109	10	.	.	PUNCT
ftr-421	110	1	see	see	VERB
ftr-421	110	2	shepherd	shepherd	NOUN
ftr-421	110	3	,	,	PUNCT
ftr-421	110	4	115	115	NUM
ftr-421	110	5	t.c	t.c	PROPN
ftr-421	110	6	.	.	PUNCT
ftr-421	111	1	at	at	ADP
ftr-421	111	2	416	416	NUM
ftr-421	111	3	-	-	SYM
ftr-421	111	4	17	17	NUM
ftr-421	111	5	(	(	PUNCT
ftr-421	111	6	foley	foley	PROPN
ftr-421	111	7	,	,	PUNCT
ftr-421	111	8	j.	j.	PROPN
ftr-421	111	9	,	,	PUNCT
ftr-421	111	10	dissenting	dissenting	NOUN
ftr-421	111	11	)	)	PUNCT
ftr-421	111	12	;	;	PUNCT
ftr-421	111	13	shepherd	shepherd	NOUN
ftr-421	111	14	,	,	PUNCT
ftr-421	111	15	283	283	NUM
ftr-421	111	16	f.3d	f.3d	NUM
ftr-421	111	17	at	at	ADP
ftr-421	111	18	1266	1266	NUM
ftr-421	111	19	-	-	SYM
ftr-421	111	20	68	68	NUM
ftr-421	111	21	(	(	PUNCT
ftr-421	111	22	ryskamp	ryskamp	NOUN
ftr-421	111	23	,	,	PUNCT
ftr-421	111	24	j.	j.	PROPN
ftr-421	111	25	,	,	PUNCT
ftr-421	111	26	dissenting	dissent	VERB
ftr-421	111	27	)	)	PUNCT
ftr-421	111	28	.	.	PUNCT
ftr-421	112	1	15	15	NUM
ftr-421	112	2	.	.	SYM
ftr-421	112	3	2	2	NUM
ftr-421	112	4	×	×	NOUN
ftr-421	112	5	(	(	PUNCT
ftr-421	112	6	$	$	SYM
ftr-421	112	7	30	30	NUM
ftr-421	112	8	×	×	NOUN
ftr-421	112	9	(	(	PUNCT
ftr-421	112	10	1	1	NUM
ftr-421	112	11	!	!	SYM
ftr-421	112	12	15	15	NUM
ftr-421	112	13	%	%	NOUN
ftr-421	112	14	)	)	PUNCT
ftr-421	112	15	)	)	PUNCT
ftr-421	112	16	.	.	PUNCT
ftr-421	113	1	this	this	PRON
ftr-421	113	2	is	be	AUX
ftr-421	113	3	the	the	DET
ftr-421	113	4	approach	approach	NOUN
ftr-421	113	5	of	of	ADP
ftr-421	113	6	the	the	DET
ftr-421	113	7	majority	majority	NOUN
ftr-421	113	8	in	in	ADP
ftr-421	113	9	both	both	DET
ftr-421	113	10	shepherd	shepherd	ADJ
ftr-421	113	11	decisions	decision	NOUN
ftr-421	113	12	.	.	PUNCT
ftr-421	114	1	see	see	VERB
ftr-421	114	2	shepherd	shepherd	NOUN
ftr-421	114	3	,	,	PUNCT
ftr-421	114	4	115	115	NUM
ftr-421	114	5	t.c	t.c	PROPN
ftr-421	114	6	.	.	PUNCT
ftr-421	115	1	at	at	ADP
ftr-421	115	2	400	400	NUM
ftr-421	115	3	-	-	SYM
ftr-421	115	4	02	02	NUM
ftr-421	115	5	;	;	PUNCT
ftr-421	115	6	shepherd	shepherd	NOUN
ftr-421	115	7	,	,	PUNCT
ftr-421	115	8	283	283	NUM
ftr-421	115	9	f.3d	f.3d	NUM
ftr-421	115	10	at	at	ADP
ftr-421	115	11	1260	1260	NUM
ftr-421	115	12	-	-	SYM
ftr-421	115	13	64	64	NUM
ftr-421	115	14	.	.	PUNCT
ftr-421	116	1	16	16	NUM
ftr-421	116	2	.	.	PUNCT
ftr-421	117	1	$	$	SYM
ftr-421	117	2	100	100	NUM
ftr-421	117	3	×	×	NOUN
ftr-421	117	4	(	(	PUNCT
ftr-421	117	5	1	1	NUM
ftr-421	117	6	!	!	PUNCT
ftr-421	117	7	40	40	NUM
ftr-421	117	8	%	%	NOUN
ftr-421	117	9	)	)	PUNCT
ftr-421	117	10	.	.	PUNCT
ftr-421	118	1	this	this	PRON
ftr-421	118	2	is	be	AUX
ftr-421	118	3	apparently	apparently	ADV
ftr-421	118	4	the	the	DET
ftr-421	118	5	approach	approach	NOUN
ftr-421	118	6	favored	favor	VERB
ftr-421	118	7	by	by	ADP
ftr-421	118	8	judge	judge	PROPN
ftr-421	118	9	ruwe	ruwe	PROPN
ftr-421	118	10	.	.	PUNCT
ftr-421	119	1	see	see	VERB
ftr-421	119	2	shepherd	shepherd	NOUN
ftr-421	119	3	,	,	PUNCT
ftr-421	119	4	115	115	NUM
ftr-421	119	5	t.c	t.c	PROPN
ftr-421	119	6	.	.	PUNCT
ftr-421	120	1	at	at	ADP
ftr-421	120	2	409	409	NUM
ftr-421	120	3	-	-	SYM
ftr-421	120	4	14	14	NUM
ftr-421	120	5	(	(	PUNCT
ftr-421	120	6	ruwe	ruwe	PROPN
ftr-421	120	7	,	,	PUNCT
ftr-421	120	8	j.	j.	PROPN
ftr-421	120	9	,	,	PUNCT
ftr-421	120	10	concurring	concur	VERB
ftr-421	120	11	in	in	ADP
ftr-421	120	12	part	part	NOUN
ftr-421	120	13	and	and	CCONJ
ftr-421	120	14	dissenting	dissent	VERB
ftr-421	120	15	in	in	ADP
ftr-421	120	16	part	part	NOUN
ftr-421	120	17	)	)	PUNCT
ftr-421	120	18	.	.	PUNCT
ftr-421	121	1	17	17	NUM
ftr-421	121	2	.	.	PUNCT
ftr-421	121	3	$	$	SYM
ftr-421	121	4	100	100	NUM
ftr-421	121	5	!	!	PUNCT
ftr-421	122	1	(	(	PUNCT
ftr-421	122	2	$	$	SYM
ftr-421	122	3	40	40	NUM
ftr-421	122	4	×	×	NOUN
ftr-421	122	5	(	(	PUNCT
ftr-421	122	6	1	1	NUM
ftr-421	122	7	!	!	SYM
ftr-421	122	8	15	15	NUM
ftr-421	122	9	%	%	NOUN
ftr-421	122	10	)	)	PUNCT
ftr-421	122	11	)	)	PUNCT
ftr-421	122	12	.	.	PUNCT
ftr-421	123	1	this	this	PRON
ftr-421	123	2	is	be	AUX
ftr-421	123	3	a	a	DET
ftr-421	123	4	variant	variant	NOUN
ftr-421	123	5	of	of	ADP
ftr-421	123	6	the	the	DET
ftr-421	123	7	approach	approach	NOUN
ftr-421	123	8	apparently	apparently	ADV
ftr-421	123	9	favored	favor	VERB
ftr-421	123	10	by	by	ADP
ftr-421	123	11	judge	judge	NOUN
ftr-421	123	12	beghe	beghe	NOUN
ftr-421	123	13	.	.	PUNCT
ftr-421	124	1	see	see	VERB
ftr-421	124	2	shepherd	shepherd	NOUN
ftr-421	124	3	,	,	PUNCT
ftr-421	124	4	115	115	NUM
ftr-421	124	5	t.c	t.c	PROPN
ftr-421	124	6	.	.	PUNCT
ftr-421	125	1	at	at	ADP
ftr-421	125	2	414	414	NUM
ftr-421	125	3	-	-	SYM
ftr-421	125	4	16	16	NUM
ftr-421	125	5	(	(	PUNCT
ftr-421	125	6	beghe	beghe	NOUN
ftr-421	125	7	,	,	PUNCT
ftr-421	125	8	j.	j.	PROPN
ftr-421	125	9	,	,	PUNCT
ftr-421	125	10	concurring	concur	VERB
ftr-421	125	11	in	in	ADP
ftr-421	125	12	part	part	NOUN
ftr-421	125	13	and	and	CCONJ
ftr-421	125	14	dissenting	dissent	VERB
ftr-421	125	15	in	in	ADP
ftr-421	125	16	part	part	NOUN
ftr-421	125	17	)	)	PUNCT
ftr-421	125	18	.	.	PUNCT
ftr-421	126	1	2004	2004	NUM
ftr-421	126	2	]	]	PUNCT
ftr-421	126	3	family	family	NOUN
ftr-421	126	4	limited	limit	VERB
ftr-421	126	5	partnerships	partnership	NOUN
ftr-421	126	6	655	655	NUM
ftr-421	126	7	interest	interest	NOUN
ftr-421	126	8	.	.	PUNCT
ftr-421	127	1	although	although	SCONJ
ftr-421	127	2	the	the	DET
ftr-421	127	3	distinction	distinction	NOUN
ftr-421	127	4	may	may	AUX
ftr-421	127	5	seem	seem	VERB
ftr-421	127	6	highly	highly	ADV
ftr-421	127	7	formalistic	formalistic	ADJ
ftr-421	127	8	,	,	PUNCT
ftr-421	127	9	an	an	DET
ftr-421	127	10	indirect	indirect	ADJ
ftr-421	127	11	gift18	gift18	NOUN
ftr-421	127	12	of	of	ADP
ftr-421	127	13	assets	asset	NOUN
ftr-421	127	14	at	at	ADP
ftr-421	127	15	the	the	DET
ftr-421	127	16	time	time	NOUN
ftr-421	127	17	of	of	ADP
ftr-421	127	18	the	the	DET
ftr-421	127	19	contribution	contribution	NOUN
ftr-421	127	20	is	be	AUX
ftr-421	127	21	apparently	apparently	ADV
ftr-421	127	22	taxed	tax	VERB
ftr-421	127	23	more	more	ADV
ftr-421	127	24	heavily	heavily	ADV
ftr-421	127	25	than	than	ADP
ftr-421	127	26	a	a	DET
ftr-421	127	27	gift	gift	NOUN
ftr-421	127	28	of	of	ADP
ftr-421	127	29	partnership	partnership	NOUN
ftr-421	127	30	interests	interest	NOUN
ftr-421	127	31	following	follow	VERB
ftr-421	127	32	a	a	DET
ftr-421	127	33	contribution	contribution	NOUN
ftr-421	127	34	.	.	PUNCT
ftr-421	128	1	iii	iii	X
ftr-421	128	2	.	.	PROPN
ftr-421	128	3	partnership	partnership	NOUN
ftr-421	128	4	discounts	discount	NOUN
ftr-421	128	5	and	and	CCONJ
ftr-421	128	6	options	option	NOUN
ftr-421	128	7	for	for	ADP
ftr-421	128	8	the	the	DET
ftr-421	128	9	family	family	NOUN
ftr-421	128	10	partnership	partnership	NOUN
ftr-421	128	11	to	to	PART
ftr-421	128	12	produce	produce	VERB
ftr-421	128	13	the	the	DET
ftr-421	128	14	intended	intend	VERB
ftr-421	128	15	results	result	NOUN
ftr-421	128	16	,	,	PUNCT
ftr-421	128	17	it	it	PRON
ftr-421	128	18	is	be	AUX
ftr-421	128	19	important	important	ADJ
ftr-421	128	20	that	that	SCONJ
ftr-421	128	21	each	each	DET
ftr-421	128	22	partner	partner	NOUN
ftr-421	128	23	’s	’s	PART
ftr-421	128	24	contributions	contribution	NOUN
ftr-421	128	25	be	be	AUX
ftr-421	128	26	reflected	reflect	VERB
ftr-421	128	27	in	in	ADP
ftr-421	128	28	his	his	PRON
ftr-421	128	29	or	or	CCONJ
ftr-421	128	30	her	her	PRON
ftr-421	128	31	capital	capital	NOUN
ftr-421	128	32	account	account	NOUN
ftr-421	128	33	.	.	PUNCT
ftr-421	129	1	scrupulous	scrupulous	ADJ
ftr-421	129	2	maintenance	maintenance	NOUN
ftr-421	129	3	of	of	ADP
ftr-421	129	4	capital	capital	NOUN
ftr-421	129	5	accounts	account	NOUN
ftr-421	129	6	is	be	AUX
ftr-421	129	7	necessary	necessary	ADJ
ftr-421	129	8	to	to	PART
ftr-421	129	9	document	document	VERB
ftr-421	129	10	the	the	DET
ftr-421	129	11	absence	absence	NOUN
ftr-421	129	12	of	of	ADP
ftr-421	129	13	a	a	DET
ftr-421	129	14	capital	capital	NOUN
ftr-421	129	15	shift	shift	NOUN
ftr-421	129	16	from	from	ADP
ftr-421	129	17	one	one	NUM
ftr-421	129	18	partner	partner	NOUN
ftr-421	129	19	to	to	ADP
ftr-421	129	20	another	another	PRON
ftr-421	129	21	upon	upon	SCONJ
ftr-421	129	22	formation	formation	NOUN
ftr-421	129	23	of	of	ADP
ftr-421	129	24	the	the	DET
ftr-421	129	25	partnership	partnership	NOUN
ftr-421	129	26	for	for	ADP
ftr-421	129	27	gift	gift	NOUN
ftr-421	129	28	tax	tax	NOUN
ftr-421	129	29	purposes	purpose	NOUN
ftr-421	129	30	.	.	PUNCT
ftr-421	130	1	capital	capital	NOUN
ftr-421	130	2	accounts	account	NOUN
ftr-421	130	3	also	also	ADV
ftr-421	130	4	establish	establish	VERB
ftr-421	130	5	a	a	DET
ftr-421	130	6	link	link	NOUN
ftr-421	130	7	between	between	ADP
ftr-421	130	8	the	the	DET
ftr-421	130	9	individual	individual	ADJ
ftr-421	130	10	partners	partner	NOUN
ftr-421	130	11	and	and	CCONJ
ftr-421	130	12	their	their	PRON
ftr-421	130	13	respective	respective	ADJ
ftr-421	130	14	shares	share	NOUN
ftr-421	130	15	of	of	ADP
ftr-421	130	16	partnership	partnership	NOUN
ftr-421	130	17	assets	asset	NOUN
ftr-421	130	18	for	for	ADP
ftr-421	130	19	income	income	NOUN
ftr-421	130	20	tax	tax	NOUN
ftr-421	130	21	purposes	purpose	NOUN
ftr-421	130	22	.	.	PUNCT
ftr-421	131	1	capital	capital	NOUN
ftr-421	131	2	accounts	account	NOUN
ftr-421	131	3	reflect	reflect	VERB
ftr-421	131	4	an	an	DET
ftr-421	131	5	aggregate	aggregate	ADJ
ftr-421	131	6	view	view	NOUN
ftr-421	131	7	of	of	ADP
ftr-421	131	8	the	the	DET
ftr-421	131	9	partners	partner	NOUN
ftr-421	131	10	as	as	ADP
ftr-421	131	11	owning	own	VERB
ftr-421	131	12	shares	share	NOUN
ftr-421	131	13	of	of	ADP
ftr-421	131	14	partnership	partnership	NOUN
ftr-421	131	15	assets	asset	NOUN
ftr-421	131	16	,	,	PUNCT
ftr-421	131	17	which	which	PRON
ftr-421	131	18	underlies	underlie	VERB
ftr-421	131	19	many	many	ADJ
ftr-421	131	20	of	of	ADP
ftr-421	131	21	the	the	DET
ftr-421	131	22	income	income	NOUN
ftr-421	131	23	tax	tax	NOUN
ftr-421	131	24	provisions	provision	NOUN
ftr-421	131	25	of	of	ADP
ftr-421	131	26	subchapter	subchapter	NOUN
ftr-421	131	27	k.	k.	PROPN
ftr-421	131	28	in	in	ADP
ftr-421	131	29	effect	effect	NOUN
ftr-421	131	30	,	,	PUNCT
ftr-421	131	31	capital	capital	NOUN
ftr-421	131	32	accounts	account	NOUN
ftr-421	131	33	serve	serve	VERB
ftr-421	131	34	both	both	PRON
ftr-421	131	35	to	to	PART
ftr-421	131	36	measure	measure	VERB
ftr-421	131	37	the	the	DET
ftr-421	131	38	value	value	NOUN
ftr-421	131	39	of	of	ADP
ftr-421	131	40	the	the	DET
ftr-421	131	41	partnership	partnership	NOUN
ftr-421	131	42	assets	asset	NOUN
ftr-421	131	43	to	to	PART
ftr-421	131	44	which	which	PRON
ftr-421	131	45	a	a	DET
ftr-421	131	46	partner	partner	NOUN
ftr-421	131	47	is	be	AUX
ftr-421	131	48	entitled	entitle	VERB
ftr-421	131	49	on	on	ADP
ftr-421	131	50	liquidation	liquidation	NOUN
ftr-421	131	51	and	and	CCONJ
ftr-421	131	52	to	to	PART
ftr-421	131	53	preserve	preserve	VERB
ftr-421	131	54	the	the	DET
ftr-421	131	55	partner	partner	NOUN
ftr-421	131	56	’s	’s	PART
ftr-421	131	57	share	share	NOUN
ftr-421	131	58	of	of	ADP
ftr-421	131	59	built	build	VERB
ftr-421	131	60	-	-	PUNCT
ftr-421	131	61	in	in	ADP
ftr-421	131	62	gain	gain	NOUN
ftr-421	131	63	or	or	CCONJ
ftr-421	131	64	loss	loss	NOUN
ftr-421	131	65	attributable	attributable	ADJ
ftr-421	131	66	to	to	ADP
ftr-421	131	67	particular	particular	ADJ
ftr-421	131	68	assets	asset	NOUN
ftr-421	131	69	.	.	PUNCT
ftr-421	132	1	a	a	DET
ftr-421	132	2	partner	partner	NOUN
ftr-421	132	3	may	may	AUX
ftr-421	132	4	acquire	acquire	VERB
ftr-421	132	5	a	a	DET
ftr-421	132	6	discounted	discount	VERB
ftr-421	132	7	partnership	partnership	NOUN
ftr-421	132	8	interest	interest	NOUN
ftr-421	132	9	from	from	ADP
ftr-421	132	10	an	an	DET
ftr-421	132	11	existing	exist	VERB
ftr-421	132	12	partner	partner	NOUN
ftr-421	132	13	in	in	ADP
ftr-421	132	14	a	a	DET
ftr-421	132	15	transfer	transfer	NOUN
ftr-421	132	16	(	(	PUNCT
ftr-421	132	17	by	by	ADP
ftr-421	132	18	gift	gift	NOUN
ftr-421	132	19	or	or	CCONJ
ftr-421	132	20	by	by	ADP
ftr-421	132	21	sale	sale	NOUN
ftr-421	132	22	)	)	PUNCT
ftr-421	132	23	or	or	CCONJ
ftr-421	132	24	from	from	ADP
ftr-421	132	25	the	the	DET
ftr-421	132	26	partnership	partnership	NOUN
ftr-421	132	27	in	in	ADP
ftr-421	132	28	exchange	exchange	NOUN
ftr-421	132	29	for	for	ADP
ftr-421	132	30	a	a	DET
ftr-421	132	31	capital	capital	NOUN
ftr-421	132	32	contribution	contribution	NOUN
ftr-421	132	33	.	.	PUNCT
ftr-421	133	1	if	if	SCONJ
ftr-421	133	2	the	the	DET
ftr-421	133	3	acquiring	acquire	VERB
ftr-421	133	4	partner	partner	NOUN
ftr-421	133	5	’s	’s	PART
ftr-421	133	6	interest	interest	NOUN
ftr-421	133	7	is	be	AUX
ftr-421	133	8	worth	worth	ADJ
ftr-421	133	9	less	less	ADJ
ftr-421	133	10	than	than	ADP
ftr-421	133	11	a	a	DET
ftr-421	133	12	ratable	ratable	ADJ
ftr-421	133	13	share	share	NOUN
ftr-421	133	14	of	of	ADP
ftr-421	133	15	the	the	DET
ftr-421	133	16	partnership	partnership	NOUN
ftr-421	133	17	assets	asset	NOUN
ftr-421	133	18	that	that	PRON
ftr-421	133	19	he	he	PRON
ftr-421	133	20	would	would	AUX
ftr-421	133	21	receive	receive	VERB
ftr-421	133	22	in	in	ADP
ftr-421	133	23	a	a	DET
ftr-421	133	24	hypothetical	hypothetical	ADJ
ftr-421	133	25	liquidation	liquidation	NOUN
ftr-421	133	26	of	of	ADP
ftr-421	133	27	the	the	DET
ftr-421	133	28	partnership	partnership	NOUN
ftr-421	133	29	,	,	PUNCT
ftr-421	133	30	the	the	DET
ftr-421	133	31	issuance	issuance	NOUN
ftr-421	133	32	of	of	ADP
ftr-421	133	33	the	the	DET
ftr-421	133	34	partnership	partnership	NOUN
ftr-421	133	35	interest	interest	NOUN
ftr-421	133	36	gives	give	VERB
ftr-421	133	37	rise	rise	NOUN
ftr-421	133	38	to	to	ADP
ftr-421	133	39	a	a	DET
ftr-421	133	40	capital	capital	NOUN
ftr-421	133	41	shift	shift	NOUN
ftr-421	133	42	from	from	ADP
ftr-421	133	43	the	the	DET
ftr-421	133	44	existing	exist	VERB
ftr-421	133	45	partners	partner	NOUN
ftr-421	133	46	to	to	ADP
ftr-421	133	47	the	the	DET
ftr-421	133	48	acquiring	acquire	VERB
ftr-421	133	49	partner	partner	NOUN
ftr-421	133	50	.	.	PUNCT
ftr-421	134	1	in	in	ADP
ftr-421	134	2	turn	turn	NOUN
ftr-421	134	3	,	,	PUNCT
ftr-421	134	4	this	this	DET
ftr-421	134	5	capital	capital	NOUN
ftr-421	134	6	shift	shift	NOUN
ftr-421	134	7	may	may	AUX
ftr-421	134	8	trigger	trigger	VERB
ftr-421	134	9	a	a	DET
ftr-421	134	10	deemed	deem	VERB
ftr-421	134	11	gift	gift	NOUN
ftr-421	134	12	of	of	ADP
ftr-421	134	13	a	a	DET
ftr-421	134	14	fractional	fractional	ADJ
ftr-421	134	15	interest	interest	NOUN
ftr-421	134	16	in	in	ADP
ftr-421	134	17	a	a	DET
ftr-421	134	18	corresponding	corresponding	ADJ
ftr-421	134	19	portion	portion	NOUN
ftr-421	134	20	of	of	ADP
ftr-421	134	21	the	the	DET
ftr-421	134	22	partnership	partnership	NOUN
ftr-421	134	23	assets	asset	NOUN
ftr-421	134	24	.	.	PUNCT
ftr-421	135	1	if	if	SCONJ
ftr-421	135	2	the	the	DET
ftr-421	135	3	bargain	bargain	NOUN
ftr-421	135	4	issuance	issuance	NOUN
ftr-421	135	5	of	of	ADP
ftr-421	135	6	a	a	DET
ftr-421	135	7	partnership	partnership	NOUN
ftr-421	135	8	interest	interest	NOUN
ftr-421	135	9	would	would	AUX
ftr-421	135	10	give	give	VERB
ftr-421	135	11	rise	rise	NOUN
ftr-421	135	12	to	to	ADP
ftr-421	135	13	a	a	DET
ftr-421	135	14	deemed	deem	VERB
ftr-421	135	15	gift	gift	NOUN
ftr-421	135	16	,	,	PUNCT
ftr-421	135	17	a	a	DET
ftr-421	135	18	similar	similar	ADJ
ftr-421	135	19	result	result	NOUN
ftr-421	135	20	may	may	AUX
ftr-421	135	21	be	be	AUX
ftr-421	135	22	appropriate	appropriate	ADJ
ftr-421	135	23	in	in	ADP
ftr-421	135	24	the	the	DET
ftr-421	135	25	case	case	NOUN
ftr-421	135	26	of	of	ADP
ftr-421	135	27	a	a	DET
ftr-421	135	28	capital	capital	NOUN
ftr-421	135	29	contribution	contribution	NOUN
ftr-421	135	30	followed	follow	VERB
ftr-421	135	31	by	by	ADP
ftr-421	135	32	a	a	DET
ftr-421	135	33	transfer	transfer	NOUN
ftr-421	135	34	of	of	ADP
ftr-421	135	35	a	a	DET
ftr-421	135	36	discounted	discount	VERB
ftr-421	135	37	partnership	partnership	NOUN
ftr-421	135	38	interest	interest	NOUN
ftr-421	135	39	.	.	PUNCT
ftr-421	136	1	a.	a.	NOUN
ftr-421	136	2	formation	formation	NOUN
ftr-421	136	3	the	the	DET
ftr-421	136	4	family	family	NOUN
ftr-421	136	5	partnership	partnership	NOUN
ftr-421	136	6	transaction	transaction	NOUN
ftr-421	136	7	assumes	assume	VERB
ftr-421	136	8	that	that	SCONJ
ftr-421	136	9	the	the	DET
ftr-421	136	10	total	total	ADJ
ftr-421	136	11	outside	outside	ADJ
ftr-421	136	12	value	value	NOUN
ftr-421	136	13	of	of	ADP
ftr-421	136	14	the	the	DET
ftr-421	136	15	partners	partner	NOUN
ftr-421	136	16	’	'	PUNCT
ftr-421	136	17	partnership	partnership	NOUN
ftr-421	136	18	interests	interest	NOUN
ftr-421	136	19	is	be	AUX
ftr-421	136	20	less	less	ADJ
ftr-421	136	21	than	than	ADP
ftr-421	136	22	the	the	DET
ftr-421	136	23	total	total	ADJ
ftr-421	136	24	inside	inside	ADJ
ftr-421	136	25	value	value	NOUN
ftr-421	136	26	of	of	ADP
ftr-421	136	27	the	the	DET
ftr-421	136	28	partnership	partnership	NOUN
ftr-421	136	29	’s	’s	PART
ftr-421	136	30	assets	asset	NOUN
ftr-421	136	31	.	.	PUNCT
ftr-421	137	1	if	if	SCONJ
ftr-421	137	2	all	all	DET
ftr-421	137	3	of	of	ADP
ftr-421	137	4	the	the	DET
ftr-421	137	5	partners	partner	NOUN
ftr-421	137	6	’	’	PART
ftr-421	137	7	interests	interest	NOUN
ftr-421	137	8	have	have	VERB
ftr-421	137	9	the	the	DET
ftr-421	137	10	same	same	ADJ
ftr-421	137	11	proportionate	proportionate	ADJ
ftr-421	137	12	discount	discount	NOUN
ftr-421	137	13	and	and	CCONJ
ftr-421	137	14	partnership	partnership	NOUN
ftr-421	137	15	items	item	NOUN
ftr-421	137	16	are	be	AUX
ftr-421	137	17	shared	share	VERB
ftr-421	137	18	ratably	ratably	ADV
ftr-421	137	19	,	,	PUNCT
ftr-421	137	20	it	it	PRON
ftr-421	137	21	would	would	AUX
ftr-421	137	22	be	be	AUX
ftr-421	137	23	possible	possible	ADJ
ftr-421	137	24	to	to	PART
ftr-421	137	25	equate	equate	VERB
ftr-421	137	26	the	the	DET
ftr-421	137	27	partners	partner	NOUN
ftr-421	137	28	’	’	PART
ftr-421	137	29	initial	initial	ADJ
ftr-421	137	30	capital	capital	NOUN
ftr-421	137	31	accounts	account	VERB
ftr-421	137	32	with	with	ADP
ftr-421	137	33	aggregate	aggregate	ADJ
ftr-421	137	34	outside	outside	ADJ
ftr-421	137	35	value	value	NOUN
ftr-421	137	36	without	without	ADP
ftr-421	137	37	distorting	distort	VERB
ftr-421	137	38	the	the	DET
ftr-421	137	39	partners	partner	NOUN
ftr-421	137	40	’	'	PUNCT
ftr-421	137	41	economic	economic	ADJ
ftr-421	137	42	arrangement	arrangement	NOUN
ftr-421	137	43	.	.	PUNCT
ftr-421	138	1	consider	consider	VERB
ftr-421	138	2	again	again	ADV
ftr-421	138	3	the	the	DET
ftr-421	138	4	example	example	NOUN
ftr-421	138	5	in	in	ADP
ftr-421	138	6	which	which	PRON
ftr-421	138	7	a	a	PRON
ftr-421	138	8	contributes	contribute	VERB
ftr-421	138	9	investment	investment	NOUN
ftr-421	138	10	assets	asset	NOUN
ftr-421	138	11	worth	worth	ADJ
ftr-421	138	12	$	$	SYM
ftr-421	138	13	99	99	NUM
ftr-421	138	14	to	to	ADP
ftr-421	138	15	a	a	DET
ftr-421	138	16	newly	newly	ADV
ftr-421	138	17	formed	form	VERB
ftr-421	138	18	partnership	partnership	NOUN
ftr-421	138	19	18	18	NUM
ftr-421	138	20	.	.	PUNCT
ftr-421	139	1	$	$	SYM
ftr-421	139	2	100	100	NUM
ftr-421	139	3	!	!	PUNCT
ftr-421	140	1	(	(	PUNCT
ftr-421	140	2	$	$	SYM
ftr-421	140	3	40	40	NUM
ftr-421	140	4	×	×	NOUN
ftr-421	140	5	(	(	PUNCT
ftr-421	140	6	1	1	NUM
ftr-421	140	7	!	!	SYM
ftr-421	140	8	30	30	NUM
ftr-421	140	9	%	%	NOUN
ftr-421	140	10	)	)	PUNCT
ftr-421	140	11	)	)	PUNCT
ftr-421	140	12	.	.	PUNCT
ftr-421	141	1	this	this	PRON
ftr-421	141	2	is	be	AUX
ftr-421	141	3	apparently	apparently	ADV
ftr-421	141	4	the	the	DET
ftr-421	141	5	approach	approach	NOUN
ftr-421	141	6	favored	favor	VERB
ftr-421	141	7	by	by	ADP
ftr-421	141	8	judge	judge	NOUN
ftr-421	141	9	beghe	beghe	NOUN
ftr-421	141	10	.	.	PUNCT
ftr-421	142	1	see	see	VERB
ftr-421	142	2	shepherd	shepherd	NOUN
ftr-421	142	3	,	,	PUNCT
ftr-421	142	4	115	115	NUM
ftr-421	142	5	t.c	t.c	PROPN
ftr-421	142	6	.	.	PUNCT
ftr-421	143	1	at	at	ADP
ftr-421	143	2	414	414	NUM
ftr-421	143	3	-	-	SYM
ftr-421	143	4	16	16	NUM
ftr-421	143	5	(	(	PUNCT
ftr-421	143	6	beghe	beghe	NOUN
ftr-421	143	7	,	,	PUNCT
ftr-421	143	8	j.	j.	PROPN
ftr-421	143	9	,	,	PUNCT
ftr-421	143	10	concurring	concur	VERB
ftr-421	143	11	in	in	ADP
ftr-421	143	12	part	part	NOUN
ftr-421	143	13	and	and	CCONJ
ftr-421	143	14	dissenting	dissent	VERB
ftr-421	143	15	in	in	ADP
ftr-421	143	16	part	part	NOUN
ftr-421	143	17	)	)	PUNCT
ftr-421	143	18	.	.	PUNCT
ftr-421	144	1	656	656	NUM
ftr-421	144	2	florida	florida	PROPN
ftr-421	144	3	tax	tax	NOUN
ftr-421	144	4	review	review	NOUN
ftr-421	144	5	[	[	X
ftr-421	144	6	vol.6:6	vol.6:6	NOUN
ftr-421	144	7	for	for	ADP
ftr-421	144	8	a	a	DET
ftr-421	144	9	99	99	NUM
ftr-421	144	10	%	%	NOUN
ftr-421	144	11	limited	limited	ADJ
ftr-421	144	12	partnership	partnership	NOUN
ftr-421	144	13	interest	interest	NOUN
ftr-421	144	14	and	and	CCONJ
ftr-421	144	15	x	x	NOUN
ftr-421	144	16	,	,	PUNCT
ftr-421	144	17	a	a	DET
ftr-421	144	18	corporation	corporation	NOUN
ftr-421	144	19	owned	own	VERB
ftr-421	144	20	equally	equally	ADV
ftr-421	144	21	by	by	ADP
ftr-421	144	22	b	b	PROPN
ftr-421	144	23	and	and	CCONJ
ftr-421	144	24	c	c	NOUN
ftr-421	144	25	,	,	PUNCT
ftr-421	144	26	contributes	contribute	VERB
ftr-421	144	27	$	$	SYM
ftr-421	144	28	1	1	NUM
ftr-421	144	29	in	in	ADP
ftr-421	144	30	exchange	exchange	NOUN
ftr-421	144	31	for	for	ADP
ftr-421	144	32	a	a	DET
ftr-421	144	33	1	1	NUM
ftr-421	144	34	%	%	NOUN
ftr-421	144	35	general	general	ADJ
ftr-421	144	36	partnership	partnership	NOUN
ftr-421	144	37	interest	interest	NOUN
ftr-421	144	38	.	.	PUNCT
ftr-421	145	1	if	if	SCONJ
ftr-421	145	2	the	the	DET
ftr-421	145	3	value	value	NOUN
ftr-421	145	4	of	of	ADP
ftr-421	145	5	each	each	DET
ftr-421	145	6	partner	partner	NOUN
ftr-421	145	7	’s	’s	PART
ftr-421	145	8	capital	capital	NOUN
ftr-421	145	9	contribution	contribution	NOUN
ftr-421	145	10	is	be	AUX
ftr-421	145	11	understated	understate	VERB
ftr-421	145	12	by	by	ADP
ftr-421	145	13	one	one	NUM
ftr-421	145	14	third	third	NOUN
ftr-421	145	15	,	,	PUNCT
ftr-421	145	16	the	the	DET
ftr-421	145	17	formation	formation	NOUN
ftr-421	145	18	of	of	ADP
ftr-421	145	19	the	the	DET
ftr-421	145	20	partnership	partnership	NOUN
ftr-421	145	21	should	should	AUX
ftr-421	145	22	not	not	PART
ftr-421	145	23	give	give	VERB
ftr-421	145	24	rise	rise	NOUN
ftr-421	145	25	to	to	ADP
ftr-421	145	26	a	a	DET
ftr-421	145	27	capital	capital	NOUN
ftr-421	145	28	shift	shift	NOUN
ftr-421	145	29	among	among	ADP
ftr-421	145	30	the	the	DET
ftr-421	145	31	partners	partner	NOUN
ftr-421	145	32	.	.	PUNCT
ftr-421	146	1	even	even	ADV
ftr-421	146	2	though	though	SCONJ
ftr-421	146	3	a	a	DET
ftr-421	146	4	’s	’s	ADJ
ftr-421	146	5	capital	capital	NOUN
ftr-421	146	6	account	account	NOUN
ftr-421	146	7	is	be	AUX
ftr-421	146	8	initially	initially	ADV
ftr-421	146	9	credited	credit	VERB
ftr-421	146	10	with	with	ADP
ftr-421	146	11	a19	a19	PROPN
ftr-421	146	12	contribution	contribution	NOUN
ftr-421	146	13	of	of	ADP
ftr-421	146	14	$	$	SYM
ftr-421	146	15	66	66	NUM
ftr-421	146	16	(	(	PUNCT
ftr-421	146	17	the	the	DET
ftr-421	146	18	discounted	discount	VERB
ftr-421	146	19	value	value	NOUN
ftr-421	146	20	of	of	ADP
ftr-421	146	21	her	her	PRON
ftr-421	146	22	partnership	partnership	NOUN
ftr-421	146	23	interest	interest	NOUN
ftr-421	146	24	)	)	PUNCT
ftr-421	146	25	,	,	PUNCT
ftr-421	146	26	a	a	PRON
ftr-421	146	27	has	have	VERB
ftr-421	146	28	a	a	DET
ftr-421	146	29	right	right	NOUN
ftr-421	146	30	to	to	PART
ftr-421	146	31	99	99	NUM
ftr-421	146	32	%	%	NOUN
ftr-421	146	33	of	of	ADP
ftr-421	146	34	the	the	DET
ftr-421	146	35	“	"	PUNCT
ftr-421	146	36	excess	excess	ADJ
ftr-421	146	37	”	"	PUNCT
ftr-421	146	38	inside	inside	ADJ
ftr-421	146	39	value	value	NOUN
ftr-421	146	40	not	not	PART
ftr-421	146	41	yet	yet	ADV
ftr-421	146	42	reflected	reflect	VERB
ftr-421	146	43	on	on	ADP
ftr-421	146	44	the	the	DET
ftr-421	146	45	partnership	partnership	NOUN
ftr-421	146	46	’s	’s	PART
ftr-421	146	47	books	book	NOUN
ftr-421	146	48	.	.	PUNCT
ftr-421	147	1	thus	thus	ADV
ftr-421	147	2	,	,	PUNCT
ftr-421	147	3	upon	upon	SCONJ
ftr-421	147	4	an	an	DET
ftr-421	147	5	eventual	eventual	ADJ
ftr-421	147	6	sale	sale	NOUN
ftr-421	147	7	of	of	ADP
ftr-421	147	8	the	the	DET
ftr-421	147	9	partnership	partnership	NOUN
ftr-421	147	10	’s	’s	PART
ftr-421	147	11	assets	asset	NOUN
ftr-421	147	12	for	for	ADP
ftr-421	147	13	their	their	PRON
ftr-421	147	14	full	full	ADJ
ftr-421	147	15	fair	fair	ADJ
ftr-421	147	16	market	market	NOUN
ftr-421	147	17	value	value	NOUN
ftr-421	147	18	,	,	PUNCT
ftr-421	147	19	a	a	DET
ftr-421	147	20	’s	’s	ADV
ftr-421	147	21	initial	initial	ADJ
ftr-421	147	22	capital	capital	NOUN
ftr-421	147	23	account	account	NOUN
ftr-421	147	24	would	would	AUX
ftr-421	147	25	be	be	AUX
ftr-421	147	26	increased	increase	VERB
ftr-421	147	27	by	by	ADP
ftr-421	147	28	$	$	SYM
ftr-421	147	29	33	33	NUM
ftr-421	147	30	to	to	PART
ftr-421	147	31	reflect	reflect	VERB
ftr-421	147	32	her	her	PRON
ftr-421	147	33	99	99	NUM
ftr-421	147	34	%	%	NOUN
ftr-421	147	35	share	share	NOUN
ftr-421	147	36	of	of	ADP
ftr-421	147	37	the	the	DET
ftr-421	147	38	excess	excess	ADJ
ftr-421	147	39	inside	inside	ADJ
ftr-421	147	40	value	value	NOUN
ftr-421	147	41	attributable	attributable	ADJ
ftr-421	147	42	to	to	ADP
ftr-421	147	43	her	her	PRON
ftr-421	147	44	own	own	ADJ
ftr-421	147	45	contribution	contribution	NOUN
ftr-421	147	46	as	as	ADV
ftr-421	147	47	well	well	ADV
ftr-421	147	48	as	as	ADP
ftr-421	147	49	the	the	DET
ftr-421	147	50	contributions	contribution	NOUN
ftr-421	147	51	of	of	ADP
ftr-421	147	52	b	b	NOUN
ftr-421	147	53	and	and	CCONJ
ftr-421	147	54	c	c	NOUN
ftr-421	147	55	,	,	PUNCT
ftr-421	147	56	remedying	remedy	VERB
ftr-421	147	57	the	the	DET
ftr-421	147	58	initial	initial	ADJ
ftr-421	147	59	understatement.20	understatement.20	NOUN
ftr-421	147	60	if	if	SCONJ
ftr-421	147	61	a	a	DET
ftr-421	147	62	subsequently	subsequently	ADV
ftr-421	147	63	transfers	transfer	VERB
ftr-421	147	64	a	a	DET
ftr-421	147	65	portion	portion	NOUN
ftr-421	147	66	of	of	ADP
ftr-421	147	67	her	her	PRON
ftr-421	147	68	partnership	partnership	NOUN
ftr-421	147	69	interest	interest	NOUN
ftr-421	147	70	for	for	ADP
ftr-421	147	71	its	its	PRON
ftr-421	147	72	discounted	discount	VERB
ftr-421	147	73	value	value	NOUN
ftr-421	147	74	,	,	PUNCT
ftr-421	147	75	however	however	ADV
ftr-421	147	76	,	,	PUNCT
ftr-421	147	77	a	a	PRON
ftr-421	147	78	will	will	AUX
ftr-421	147	79	relinquish	relinquish	VERB
ftr-421	147	80	her	her	PRON
ftr-421	147	81	ability	ability	NOUN
ftr-421	147	82	to	to	PART
ftr-421	147	83	recoup	recoup	VERB
ftr-421	147	84	her	her	PRON
ftr-421	147	85	full	full	ADJ
ftr-421	147	86	share	share	NOUN
ftr-421	147	87	of	of	ADP
ftr-421	147	88	the	the	DET
ftr-421	147	89	excess	excess	ADJ
ftr-421	147	90	inside	inside	ADJ
ftr-421	147	91	value	value	NOUN
ftr-421	147	92	.	.	PUNCT
ftr-421	148	1	b.	b.	NOUN
ftr-421	148	2	transfer	transfer	NOUN
ftr-421	148	3	of	of	ADP
ftr-421	148	4	interest	interest	NOUN
ftr-421	148	5	if	if	SCONJ
ftr-421	148	6	a	a	DET
ftr-421	148	7	transfers	transfer	NOUN
ftr-421	148	8	one	one	NUM
ftr-421	148	9	half	half	NOUN
ftr-421	148	10	of	of	ADP
ftr-421	148	11	her	her	PRON
ftr-421	148	12	discounted	discount	VERB
ftr-421	148	13	partnership	partnership	NOUN
ftr-421	148	14	interest	interest	NOUN
ftr-421	148	15	(	(	PUNCT
ftr-421	148	16	worth	worth	ADJ
ftr-421	148	17	$	$	SYM
ftr-421	148	18	33	33	NUM
ftr-421	148	19	)	)	PUNCT
ftr-421	148	20	to	to	ADP
ftr-421	148	21	d	d	PROPN
ftr-421	148	22	as	as	ADP
ftr-421	148	23	a	a	DET
ftr-421	148	24	gift	gift	NOUN
ftr-421	148	25	,	,	PUNCT
ftr-421	148	26	the	the	DET
ftr-421	148	27	capital	capital	NOUN
ftr-421	148	28	account	account	NOUN
ftr-421	148	29	rules	rule	NOUN
ftr-421	148	30	treat	treat	VERB
ftr-421	148	31	d	d	NOUN
ftr-421	148	32	as	as	ADP
ftr-421	148	33	stepping	step	VERB
ftr-421	148	34	into	into	ADP
ftr-421	148	35	a	a	DET
ftr-421	148	36	’s	’s	NOUN
ftr-421	148	37	shoes	shoe	NOUN
ftr-421	148	38	with	with	ADP
ftr-421	148	39	respect	respect	NOUN
ftr-421	148	40	to	to	ADP
ftr-421	148	41	the	the	DET
ftr-421	148	42	transferred	transfer	VERB
ftr-421	148	43	interest	interest	NOUN
ftr-421	148	44	.	.	PUNCT
ftr-421	149	1	because	because	SCONJ
ftr-421	149	2	a	a	DET
ftr-421	149	3	transfer	transfer	NOUN
ftr-421	149	4	of	of	ADP
ftr-421	149	5	a	a	DET
ftr-421	149	6	partnership21	partnership21	NOUN
ftr-421	149	7	interest	interest	NOUN
ftr-421	149	8	merely	merely	ADV
ftr-421	149	9	substitutes	substitute	VERB
ftr-421	149	10	one	one	NUM
ftr-421	149	11	partner	partner	NOUN
ftr-421	149	12	for	for	ADP
ftr-421	149	13	another	another	DET
ftr-421	149	14	partner	partner	NOUN
ftr-421	149	15	,	,	PUNCT
ftr-421	149	16	no	no	DET
ftr-421	149	17	revaluation	revaluation	NOUN
ftr-421	149	18	of	of	ADP
ftr-421	149	19	the	the	DET
ftr-421	149	20	partnership	partnership	NOUN
ftr-421	149	21	’s	’s	PART
ftr-421	149	22	assets	asset	NOUN
ftr-421	149	23	or	or	CCONJ
ftr-421	149	24	the	the	DET
ftr-421	149	25	partners	partner	NOUN
ftr-421	149	26	’	'	PUNCT
ftr-421	149	27	capital	capital	NOUN
ftr-421	149	28	accounts	account	NOUN
ftr-421	149	29	is	be	AUX
ftr-421	149	30	required	require	VERB
ftr-421	149	31	or	or	CCONJ
ftr-421	149	32	permitted.22	permitted.22	VERB
ftr-421	149	33	if	if	SCONJ
ftr-421	149	34	capital	capital	NOUN
ftr-421	149	35	accounts	account	NOUN
ftr-421	149	36	are	be	AUX
ftr-421	149	37	initially	initially	ADV
ftr-421	149	38	stated	state	VERB
ftr-421	149	39	at	at	ADP
ftr-421	149	40	the	the	DET
ftr-421	149	41	undiscounted	undiscounte	VERB
ftr-421	149	42	value	value	NOUN
ftr-421	149	43	of	of	ADP
ftr-421	149	44	the	the	DET
ftr-421	149	45	partners	partner	NOUN
ftr-421	149	46	’	’	PART
ftr-421	149	47	contributions	contribution	NOUN
ftr-421	149	48	,	,	PUNCT
ftr-421	149	49	d	d	PROPN
ftr-421	149	50	would	would	AUX
ftr-421	149	51	receive	receive	VERB
ftr-421	149	52	a	a	DET
ftr-421	149	53	capital	capital	NOUN
ftr-421	149	54	account	account	NOUN
ftr-421	149	55	of	of	ADP
ftr-421	149	56	$	$	SYM
ftr-421	149	57	49.50	49.50	NUM
ftr-421	149	58	(	(	PUNCT
ftr-421	149	59	one	one	NUM
ftr-421	149	60	half	half	NOUN
ftr-421	149	61	of	of	ADP
ftr-421	149	62	a	a	DET
ftr-421	149	63	’s	’s	NOUN
ftr-421	149	64	capital	capital	NOUN
ftr-421	149	65	account	account	NOUN
ftr-421	149	66	of	of	ADP
ftr-421	149	67	$	$	SYM
ftr-421	149	68	99	99	NUM
ftr-421	149	69	)	)	PUNCT
ftr-421	149	70	.	.	PUNCT
ftr-421	150	1	the	the	DET
ftr-421	150	2	offsetting	offset	VERB
ftr-421	150	3	reduction	reduction	NOUN
ftr-421	150	4	in	in	ADP
ftr-421	150	5	a	a	DET
ftr-421	150	6	’s	’s	ADJ
ftr-421	150	7	capital	capital	NOUN
ftr-421	150	8	account	account	NOUN
ftr-421	150	9	(	(	PUNCT
ftr-421	150	10	$	$	SYM
ftr-421	150	11	49.50	49.50	NUM
ftr-421	150	12	)	)	PUNCT
ftr-421	150	13	represents	represent	VERB
ftr-421	150	14	the	the	DET
ftr-421	150	15	outside	outside	ADJ
ftr-421	150	16	value	value	NOUN
ftr-421	150	17	of	of	ADP
ftr-421	150	18	the	the	DET
ftr-421	150	19	transferred	transfer	VERB
ftr-421	150	20	interests	interest	NOUN
ftr-421	150	21	(	(	PUNCT
ftr-421	150	22	$	$	SYM
ftr-421	150	23	33	33	NUM
ftr-421	150	24	)	)	PUNCT
ftr-421	150	25	plus	plus	CCONJ
ftr-421	150	26	a	a	DET
ftr-421	150	27	corresponding	corresponding	ADJ
ftr-421	150	28	share	share	NOUN
ftr-421	150	29	of	of	ADP
ftr-421	150	30	excess	excess	ADJ
ftr-421	150	31	inside	inside	ADJ
ftr-421	150	32	value	value	NOUN
ftr-421	150	33	(	(	PUNCT
ftr-421	150	34	$	$	SYM
ftr-421	150	35	16.50	16.50	NUM
ftr-421	150	36	)	)	PUNCT
ftr-421	150	37	.	.	PUNCT
ftr-421	151	1	thus	thus	ADV
ftr-421	151	2	,	,	PUNCT
ftr-421	151	3	a	a	PRON
ftr-421	151	4	has	have	AUX
ftr-421	151	5	permanently	permanently	ADV
ftr-421	151	6	relinquished	relinquish	VERB
ftr-421	151	7	her	her	PRON
ftr-421	151	8	claim	claim	NOUN
ftr-421	151	9	on	on	ADP
ftr-421	151	10	$	$	SYM
ftr-421	151	11	16.50	16.50	NUM
ftr-421	151	12	of	of	ADP
ftr-421	151	13	inside	inside	ADJ
ftr-421	151	14	value	value	NOUN
ftr-421	151	15	which	which	PRON
ftr-421	151	16	has	have	AUX
ftr-421	151	17	been	be	AUX
ftr-421	151	18	shifted	shift	VERB
ftr-421	151	19	to	to	ADP
ftr-421	151	20	d.	d.	NOUN
ftr-421	151	21	even	even	ADV
ftr-421	151	22	though	though	SCONJ
ftr-421	151	23	d	d	NOUN
ftr-421	151	24	is	be	AUX
ftr-421	151	25	treated	treat	VERB
ftr-421	151	26	as	as	ADP
ftr-421	151	27	acquiring	acquire	VERB
ftr-421	151	28	a	a	DET
ftr-421	151	29	discounted	discount	VERB
ftr-421	151	30	partnership	partnership	NOUN
ftr-421	151	31	interest	interest	NOUN
ftr-421	151	32	,	,	PUNCT
ftr-421	151	33	the	the	DET
ftr-421	151	34	capital	capital	NOUN
ftr-421	151	35	account	account	NOUN
ftr-421	151	36	rules	rule	NOUN
ftr-421	151	37	continue	continue	VERB
ftr-421	151	38	to	to	PART
ftr-421	151	39	link	link	VERB
ftr-421	151	40	the	the	DET
ftr-421	151	41	partners	partner	NOUN
ftr-421	151	42	with	with	ADP
ftr-421	151	43	particular	particular	ADJ
ftr-421	151	44	partnership	partnership	NOUN
ftr-421	151	45	assets	asset	NOUN
ftr-421	151	46	.	.	PUNCT
ftr-421	152	1	thus	thus	ADV
ftr-421	152	2	,	,	PUNCT
ftr-421	152	3	the	the	DET
ftr-421	152	4	transferee	transferee	NOUN
ftr-421	152	5	is	be	AUX
ftr-421	152	6	tagged	tag	VERB
ftr-421	152	7	with	with	ADP
ftr-421	152	8	a	a	DET
ftr-421	152	9	proportionate	proportionate	ADJ
ftr-421	152	10	share	share	NOUN
ftr-421	152	11	of	of	ADP
ftr-421	152	12	any	any	DET
ftr-421	152	13	built	build	VERB
ftr-421	152	14	-	-	PUNCT
ftr-421	152	15	in	in	ADP
ftr-421	152	16	gain	gain	NOUN
ftr-421	152	17	(	(	PUNCT
ftr-421	152	18	or	or	CCONJ
ftr-421	152	19	loss	loss	NOUN
ftr-421	152	20	)	)	PUNCT
ftr-421	152	21	inherent	inherent	ADJ
ftr-421	152	22	in	in	ADP
ftr-421	152	23	assets	asset	NOUN
ftr-421	152	24	contributed	contribute	VERB
ftr-421	152	25	by	by	ADP
ftr-421	152	26	the	the	DET
ftr-421	152	27	transferor.23	transferor.23	PROPN
ftr-421	152	28	19	19	NUM
ftr-421	152	29	.	.	PUNCT
ftr-421	153	1	such	such	DET
ftr-421	153	2	an	an	DET
ftr-421	153	3	understatement	understatement	NOUN
ftr-421	153	4	could	could	AUX
ftr-421	153	5	arise	arise	VERB
ftr-421	153	6	,	,	PUNCT
ftr-421	153	7	for	for	ADP
ftr-421	153	8	example	example	NOUN
ftr-421	153	9	,	,	PUNCT
ftr-421	153	10	as	as	ADP
ftr-421	153	11	a	a	DET
ftr-421	153	12	result	result	NOUN
ftr-421	153	13	of	of	ADP
ftr-421	153	14	a	a	DET
ftr-421	153	15	mistaken	mistaken	ADJ
ftr-421	153	16	valuation	valuation	NOUN
ftr-421	153	17	of	of	ADP
ftr-421	153	18	the	the	DET
ftr-421	153	19	underlying	underlie	VERB
ftr-421	153	20	assets	asset	NOUN
ftr-421	153	21	at	at	ADP
ftr-421	153	22	the	the	DET
ftr-421	153	23	time	time	NOUN
ftr-421	153	24	of	of	ADP
ftr-421	153	25	contribution	contribution	NOUN
ftr-421	153	26	.	.	PUNCT
ftr-421	154	1	cf	cf	NOUN
ftr-421	154	2	.	.	PUNCT
ftr-421	154	3	regs	regs	PROPN
ftr-421	154	4	.	.	PUNCT
ftr-421	155	1	§	§	PROPN
ftr-421	155	2	1.7041(b)(2)(iv)(d)(1	1.7041(b)(2)(iv)(d)(1	NUM
ftr-421	155	3	)	)	PUNCT
ftr-421	155	4	.	.	PUNCT
ftr-421	156	1	20	20	NUM
ftr-421	156	2	.	.	PUNCT
ftr-421	157	1	the	the	DET
ftr-421	157	2	capital	capital	NOUN
ftr-421	157	3	shift	shift	NOUN
ftr-421	157	4	from	from	ADP
ftr-421	157	5	a	a	DET
ftr-421	157	6	to	to	ADP
ftr-421	157	7	b	b	NOUN
ftr-421	157	8	and	and	CCONJ
ftr-421	157	9	c	c	PROPN
ftr-421	157	10	would	would	AUX
ftr-421	157	11	be	be	AUX
ftr-421	157	12	$	$	SYM
ftr-421	157	13	.33	.33	NUM
ftr-421	157	14	(	(	PUNCT
ftr-421	157	15	1	1	NUM
ftr-421	157	16	%	%	NOUN
ftr-421	157	17	×	×	NOUN
ftr-421	157	18	a	a	DET
ftr-421	157	19	×	×	NOUN
ftr-421	157	20	$	$	SYM
ftr-421	157	21	99	99	NUM
ftr-421	157	22	)	)	PUNCT
ftr-421	157	23	;	;	PUNCT
ftr-421	157	24	there	there	PRON
ftr-421	157	25	would	would	AUX
ftr-421	157	26	,	,	PUNCT
ftr-421	157	27	however	however	ADV
ftr-421	157	28	,	,	PUNCT
ftr-421	157	29	be	be	AUX
ftr-421	157	30	an	an	DET
ftr-421	157	31	offsetting	offset	VERB
ftr-421	157	32	capital	capital	NOUN
ftr-421	157	33	shift	shift	NOUN
ftr-421	157	34	of	of	ADP
ftr-421	157	35	$	$	SYM
ftr-421	157	36	.33	.33	NUM
ftr-421	157	37	(	(	PUNCT
ftr-421	157	38	99	99	NUM
ftr-421	157	39	%	%	NOUN
ftr-421	157	40	×	×	NOUN
ftr-421	157	41	a	a	DET
ftr-421	157	42	×	×	NOUN
ftr-421	157	43	$	$	SYM
ftr-421	157	44	1	1	NUM
ftr-421	157	45	)	)	PUNCT
ftr-421	157	46	from	from	ADP
ftr-421	157	47	b	b	PROPN
ftr-421	157	48	and	and	CCONJ
ftr-421	157	49	c	c	NOUN
ftr-421	157	50	to	to	PART
ftr-421	157	51	a.	a.	PROPN
ftr-421	157	52	21	21	NUM
ftr-421	157	53	.	.	PUNCT
ftr-421	158	1	see	see	VERB
ftr-421	158	2	regs	reg	NOUN
ftr-421	158	3	.	.	PUNCT
ftr-421	159	1	§	§	PROPN
ftr-421	159	2	1.704	1.704	NUM
ftr-421	159	3	-	-	NUM
ftr-421	159	4	1(b)(2)(iv)(l	1(b)(2)(iv)(l	NUM
ftr-421	159	5	)	)	PUNCT
ftr-421	159	6	(	(	PUNCT
ftr-421	159	7	transferor	transferor	PROPN
ftr-421	159	8	’s	’s	PART
ftr-421	159	9	capital	capital	NOUN
ftr-421	159	10	account	account	NOUN
ftr-421	159	11	attributable	attributable	ADJ
ftr-421	159	12	to	to	ADP
ftr-421	159	13	the	the	DET
ftr-421	159	14	transferred	transfer	VERB
ftr-421	159	15	interest	interest	NOUN
ftr-421	159	16	carries	carry	VERB
ftr-421	159	17	over	over	ADP
ftr-421	159	18	to	to	ADP
ftr-421	159	19	the	the	DET
ftr-421	159	20	transferee	transferee	NOUN
ftr-421	159	21	)	)	PUNCT
ftr-421	159	22	.	.	PUNCT
ftr-421	160	1	22	22	NUM
ftr-421	160	2	.	.	PUNCT
ftr-421	161	1	see	see	VERB
ftr-421	161	2	regs	reg	NOUN
ftr-421	161	3	.	.	PUNCT
ftr-421	162	1	§	§	PROPN
ftr-421	162	2	1.704	1.704	NUM
ftr-421	162	3	-	-	SYM
ftr-421	162	4	1(b)(2)(iv)(f	1(b)(2)(iv)(f	NUM
ftr-421	162	5	)	)	PUNCT
ftr-421	162	6	(	(	PUNCT
ftr-421	162	7	permitted	permit	VERB
ftr-421	162	8	revaluation	revaluation	NOUN
ftr-421	162	9	events	event	NOUN
ftr-421	162	10	)	)	PUNCT
ftr-421	162	11	.	.	PUNCT
ftr-421	163	1	23	23	NUM
ftr-421	163	2	.	.	PUNCT
ftr-421	164	1	see	see	VERB
ftr-421	164	2	regs	reg	NOUN
ftr-421	164	3	.	.	PUNCT
ftr-421	165	1	§	§	PROPN
ftr-421	165	2	§	§	PROPN
ftr-421	165	3	1.704	1.704	NUM
ftr-421	165	4	-	-	PUNCT
ftr-421	165	5	3(a	3(a	NUM
ftr-421	165	6	)	)	PUNCT
ftr-421	165	7	,	,	PUNCT
ftr-421	165	8	1.704	1.704	NUM
ftr-421	165	9	-	-	SYM
ftr-421	165	10	4(d)(2	4(d)(2	NUM
ftr-421	165	11	)	)	PUNCT
ftr-421	165	12	.	.	PUNCT
ftr-421	166	1	2004	2004	NUM
ftr-421	166	2	]	]	PUNCT
ftr-421	166	3	family	family	NOUN
ftr-421	166	4	limited	limit	VERB
ftr-421	166	5	partnerships	partnership	NOUN
ftr-421	166	6	657	657	NUM
ftr-421	166	7	assume	assume	VERB
ftr-421	166	8	instead	instead	ADV
ftr-421	166	9	that	that	SCONJ
ftr-421	167	1	d	d	X
ftr-421	167	2	(	(	PUNCT
ftr-421	167	3	an	an	DET
ftr-421	167	4	unrelated	unrelated	ADJ
ftr-421	167	5	party	party	NOUN
ftr-421	167	6	)	)	PUNCT
ftr-421	167	7	purchases	purchase	VERB
ftr-421	167	8	one	one	NUM
ftr-421	167	9	half	half	NOUN
ftr-421	167	10	of	of	ADP
ftr-421	167	11	a	a	DET
ftr-421	167	12	’s	’s	NOUN
ftr-421	167	13	partnership	partnership	NOUN
ftr-421	167	14	interest	interest	NOUN
ftr-421	167	15	for	for	ADP
ftr-421	167	16	its	its	PRON
ftr-421	167	17	discounted	discount	VERB
ftr-421	167	18	value	value	NOUN
ftr-421	167	19	of	of	ADP
ftr-421	167	20	$	$	SYM
ftr-421	167	21	33	33	NUM
ftr-421	167	22	when	when	SCONJ
ftr-421	167	23	a	a	DET
ftr-421	167	24	’s	’s	ADJ
ftr-421	167	25	entire	entire	ADJ
ftr-421	167	26	partnership	partnership	NOUN
ftr-421	167	27	interest	interest	NOUN
ftr-421	167	28	has	have	VERB
ftr-421	167	29	a	a	DET
ftr-421	167	30	basis	basis	NOUN
ftr-421	167	31	of	of	ADP
ftr-421	167	32	$	$	SYM
ftr-421	167	33	99	99	NUM
ftr-421	167	34	(	(	PUNCT
ftr-421	167	35	the	the	DET
ftr-421	167	36	same	same	ADJ
ftr-421	167	37	as	as	ADP
ftr-421	167	38	the	the	DET
ftr-421	167	39	basis	basis	NOUN
ftr-421	167	40	and	and	CCONJ
ftr-421	167	41	value	value	NOUN
ftr-421	167	42	of	of	ADP
ftr-421	167	43	the	the	DET
ftr-421	167	44	assets	asset	NOUN
ftr-421	167	45	contributed	contribute	VERB
ftr-421	167	46	by	by	ADP
ftr-421	167	47	a	a	PRON
ftr-421	167	48	)	)	PUNCT
ftr-421	167	49	.	.	PUNCT
ftr-421	168	1	for	for	ADP
ftr-421	168	2	capital	capital	NOUN
ftr-421	168	3	account	account	NOUN
ftr-421	168	4	purposes	purpose	NOUN
ftr-421	168	5	,	,	PUNCT
ftr-421	168	6	d	d	PROPN
ftr-421	168	7	again	again	ADV
ftr-421	168	8	takes	take	VERB
ftr-421	168	9	over	over	ADP
ftr-421	168	10	one	one	NUM
ftr-421	168	11	half	half	NOUN
ftr-421	168	12	of	of	ADP
ftr-421	168	13	a	a	DET
ftr-421	168	14	’s	’s	NOUN
ftr-421	168	15	capital	capital	NOUN
ftr-421	168	16	account	account	NOUN
ftr-421	168	17	(	(	PUNCT
ftr-421	168	18	$	$	SYM
ftr-421	168	19	49.50	49.50	NUM
ftr-421	168	20	)	)	PUNCT
ftr-421	168	21	,	,	PUNCT
ftr-421	168	22	reflecting	reflect	VERB
ftr-421	168	23	a	a	DET
ftr-421	168	24	shift	shift	NOUN
ftr-421	168	25	of	of	ADP
ftr-421	168	26	$	$	SYM
ftr-421	168	27	16.50	16.50	NUM
ftr-421	168	28	of	of	ADP
ftr-421	168	29	excess	excess	ADJ
ftr-421	168	30	inside	inside	ADJ
ftr-421	168	31	value	value	NOUN
ftr-421	168	32	to	to	ADP
ftr-421	168	33	d.	d.	PROPN
ftr-421	168	34	upon	upon	SCONJ
ftr-421	168	35	the	the	DET
ftr-421	168	36	transfer	transfer	NOUN
ftr-421	168	37	of	of	ADP
ftr-421	168	38	one	one	NUM
ftr-421	168	39	half	half	NOUN
ftr-421	168	40	of	of	ADP
ftr-421	168	41	her	her	PRON
ftr-421	168	42	interest	interest	NOUN
ftr-421	168	43	to	to	ADP
ftr-421	168	44	d	d	PROPN
ftr-421	168	45	,	,	PUNCT
ftr-421	168	46	a	a	PRON
ftr-421	168	47	recognizes	recognize	VERB
ftr-421	168	48	a	a	DET
ftr-421	168	49	tax	tax	NOUN
ftr-421	168	50	loss24	loss24	NOUN
ftr-421	168	51	of	of	ADP
ftr-421	168	52	$	$	SYM
ftr-421	168	53	16.50	16.50	NUM
ftr-421	168	54	(	(	PUNCT
ftr-421	168	55	$	$	SYM
ftr-421	168	56	49.50	49.50	NUM
ftr-421	168	57	allocable	allocable	ADJ
ftr-421	168	58	share	share	NOUN
ftr-421	168	59	of	of	ADP
ftr-421	168	60	outside	outside	ADJ
ftr-421	168	61	basis	basis	NOUN
ftr-421	168	62	less	less	ADJ
ftr-421	168	63	$	$	SYM
ftr-421	168	64	33	33	NUM
ftr-421	168	65	amount	amount	NOUN
ftr-421	168	66	realized).25	realized).25	PROPN
ftr-421	168	67	a	a	DET
ftr-421	168	68	’s	’s	ADV
ftr-421	168	69	recognized	recognize	VERB
ftr-421	168	70	loss	loss	NOUN
ftr-421	168	71	does	do	AUX
ftr-421	168	72	not	not	PART
ftr-421	168	73	reflect	reflect	VERB
ftr-421	168	74	any	any	DET
ftr-421	168	75	shrinkage	shrinkage	NOUN
ftr-421	168	76	in	in	ADP
ftr-421	168	77	the	the	DET
ftr-421	168	78	fair	fair	ADJ
ftr-421	168	79	market	market	NOUN
ftr-421	168	80	value	value	NOUN
ftr-421	168	81	of	of	ADP
ftr-421	168	82	the	the	DET
ftr-421	168	83	partnership	partnership	NOUN
ftr-421	168	84	’s	’s	PART
ftr-421	168	85	assets	asset	NOUN
ftr-421	168	86	,	,	PUNCT
ftr-421	168	87	since	since	SCONJ
ftr-421	168	88	inside	inside	ADJ
ftr-421	168	89	value	value	NOUN
ftr-421	168	90	has	have	AUX
ftr-421	168	91	remained	remain	VERB
ftr-421	168	92	constant	constant	ADJ
ftr-421	168	93	;	;	PUNCT
ftr-421	168	94	instead	instead	ADV
ftr-421	168	95	,	,	PUNCT
ftr-421	168	96	the	the	DET
ftr-421	168	97	recognized	recognize	VERB
ftr-421	168	98	loss	loss	NOUN
ftr-421	168	99	arises	arise	VERB
ftr-421	168	100	solely	solely	ADV
ftr-421	168	101	because	because	SCONJ
ftr-421	168	102	a	a	PRON
ftr-421	168	103	has	have	AUX
ftr-421	168	104	relinquished	relinquish	VERB
ftr-421	168	105	her	her	PRON
ftr-421	168	106	claim	claim	NOUN
ftr-421	168	107	to	to	ADP
ftr-421	168	108	the	the	DET
ftr-421	168	109	excess	excess	ADJ
ftr-421	168	110	inside	inside	ADJ
ftr-421	168	111	value	value	NOUN
ftr-421	168	112	shifted	shift	VERB
ftr-421	168	113	to	to	ADP
ftr-421	168	114	d.26	d.26	PROPN
ftr-421	168	115	if	if	SCONJ
ftr-421	168	116	a	a	DET
ftr-421	168	117	section	section	NOUN
ftr-421	168	118	754	754	NUM
ftr-421	168	119	election	election	NOUN
ftr-421	168	120	is	be	AUX
ftr-421	168	121	in	in	ADP
ftr-421	168	122	effect	effect	NOUN
ftr-421	168	123	,	,	PUNCT
ftr-421	168	124	the	the	DET
ftr-421	168	125	basis	basis	NOUN
ftr-421	168	126	adjustment	adjustment	NOUN
ftr-421	168	127	rules	rule	NOUN
ftr-421	168	128	of	of	ADP
ftr-421	168	129	section	section	NOUN
ftr-421	168	130	743	743	NUM
ftr-421	168	131	identify	identify	VERB
ftr-421	168	132	the	the	DET
ftr-421	168	133	transferee	transferee	NOUN
ftr-421	168	134	with	with	ADP
ftr-421	168	135	an	an	DET
ftr-421	168	136	undiscounted	undiscounted	ADJ
ftr-421	168	137	share	share	NOUN
ftr-421	168	138	of	of	ADP
ftr-421	168	139	partnership	partnership	NOUN
ftr-421	168	140	assets	asset	NOUN
ftr-421	168	141	.	.	PUNCT
ftr-421	169	1	even	even	ADV
ftr-421	169	2	though	though	SCONJ
ftr-421	169	3	the	the	DET
ftr-421	169	4	transaction	transaction	NOUN
ftr-421	169	5	involves	involve	VERB
ftr-421	169	6	a	a	DET
ftr-421	169	7	transfer	transfer	NOUN
ftr-421	169	8	of	of	ADP
ftr-421	169	9	a	a	DET
ftr-421	169	10	partnership27	partnership27	ADJ
ftr-421	169	11	interest	interest	NOUN
ftr-421	169	12	,	,	PUNCT
ftr-421	169	13	the	the	DET
ftr-421	169	14	transferee	transferee	NOUN
ftr-421	169	15	is	be	AUX
ftr-421	169	16	essentially	essentially	ADV
ftr-421	169	17	treated	treat	VERB
ftr-421	169	18	as	as	ADP
ftr-421	169	19	acquiring	acquire	VERB
ftr-421	169	20	a	a	DET
ftr-421	169	21	proportionate	proportionate	ADJ
ftr-421	169	22	share	share	NOUN
ftr-421	169	23	of	of	ADP
ftr-421	169	24	the	the	DET
ftr-421	169	25	partnership	partnership	NOUN
ftr-421	169	26	’s	’s	PART
ftr-421	169	27	assets	asset	NOUN
ftr-421	169	28	at	at	ADP
ftr-421	169	29	a	a	DET
ftr-421	169	30	bargain	bargain	NOUN
ftr-421	169	31	price	price	NOUN
ftr-421	169	32	.	.	PUNCT
ftr-421	170	1	because	because	SCONJ
ftr-421	170	2	d	d	PROPN
ftr-421	170	3	would	would	AUX
ftr-421	170	4	be	be	AUX
ftr-421	170	5	treated	treat	VERB
ftr-421	170	6	as28	as28	PROPN
ftr-421	170	7	acquiring	acquire	VERB
ftr-421	170	8	$	$	SYM
ftr-421	170	9	49.50	49.50	NUM
ftr-421	170	10	worth	worth	NOUN
ftr-421	170	11	of	of	ADP
ftr-421	170	12	partnership	partnership	NOUN
ftr-421	170	13	assets	asset	NOUN
ftr-421	170	14	for	for	ADP
ftr-421	170	15	a	a	DET
ftr-421	170	16	bargain	bargain	NOUN
ftr-421	170	17	price	price	NOUN
ftr-421	170	18	of	of	ADP
ftr-421	170	19	$	$	SYM
ftr-421	170	20	33	33	NUM
ftr-421	170	21	,	,	PUNCT
ftr-421	170	22	d	d	PROPN
ftr-421	170	23	would	would	AUX
ftr-421	170	24	be	be	AUX
ftr-421	170	25	required	require	VERB
ftr-421	170	26	to	to	PART
ftr-421	170	27	“	"	PUNCT
ftr-421	170	28	write	write	VERB
ftr-421	170	29	down	down	ADP
ftr-421	170	30	”	"	PUNCT
ftr-421	170	31	his	his	PRON
ftr-421	170	32	share	share	NOUN
ftr-421	170	33	of	of	ADP
ftr-421	170	34	inside	inside	ADJ
ftr-421	170	35	basis	basis	NOUN
ftr-421	170	36	in	in	ADP
ftr-421	170	37	the	the	DET
ftr-421	170	38	partnership	partnership	NOUN
ftr-421	170	39	’s	’s	PART
ftr-421	170	40	assets	asset	NOUN
ftr-421	170	41	to	to	PART
ftr-421	170	42	reflect	reflect	VERB
ftr-421	170	43	the	the	DET
ftr-421	170	44	$	$	SYM
ftr-421	170	45	16.50	16.50	NUM
ftr-421	170	46	potential	potential	ADJ
ftr-421	170	47	gain	gain	NOUN
ftr-421	170	48	inherent	inherent	ADJ
ftr-421	170	49	in	in	ADP
ftr-421	170	50	his	his	PRON
ftr-421	170	51	partnership	partnership	NOUN
ftr-421	170	52	interest.29	interest.29	NOUN
ftr-421	170	53	24	24	NUM
ftr-421	170	54	.	.	PUNCT
ftr-421	171	1	see	see	VERB
ftr-421	171	2	regs	reg	NOUN
ftr-421	171	3	.	.	PUNCT
ftr-421	172	1	§	§	PROPN
ftr-421	172	2	1.704	1.704	NUM
ftr-421	172	3	-	-	NUM
ftr-421	172	4	1(b)(2)(iv)(l	1(b)(2)(iv)(l	NUM
ftr-421	172	5	)	)	PUNCT
ftr-421	172	6	.	.	PUNCT
ftr-421	173	1	25	25	NUM
ftr-421	173	2	.	.	PUNCT
ftr-421	174	1	a	a	DET
ftr-421	174	2	’s	’s	ADJ
ftr-421	174	3	basis	basis	NOUN
ftr-421	174	4	must	must	AUX
ftr-421	174	5	be	be	AUX
ftr-421	174	6	allocated	allocate	VERB
ftr-421	174	7	between	between	ADP
ftr-421	174	8	the	the	DET
ftr-421	174	9	retained	retain	VERB
ftr-421	174	10	and	and	CCONJ
ftr-421	174	11	transferred	transfer	VERB
ftr-421	174	12	interests	interest	NOUN
ftr-421	174	13	based	base	VERB
ftr-421	174	14	on	on	ADP
ftr-421	174	15	their	their	PRON
ftr-421	174	16	respective	respective	ADJ
ftr-421	174	17	fair	fair	ADJ
ftr-421	174	18	market	market	NOUN
ftr-421	174	19	values	value	NOUN
ftr-421	174	20	;	;	PUNCT
ftr-421	174	21	the	the	DET
ftr-421	174	22	seller	seller	NOUN
ftr-421	174	23	’s	’s	PART
ftr-421	174	24	amount	amount	NOUN
ftr-421	174	25	realized	realize	VERB
ftr-421	174	26	also	also	ADV
ftr-421	174	27	includes	include	VERB
ftr-421	174	28	her	her	PRON
ftr-421	174	29	allocable	allocable	ADJ
ftr-421	174	30	share	share	NOUN
ftr-421	174	31	of	of	ADP
ftr-421	174	32	liabilities	liability	NOUN
ftr-421	174	33	attributable	attributable	ADJ
ftr-421	174	34	to	to	ADP
ftr-421	174	35	the	the	DET
ftr-421	174	36	transferred	transfer	VERB
ftr-421	174	37	interest	interest	NOUN
ftr-421	174	38	.	.	PUNCT
ftr-421	175	1	see	see	VERB
ftr-421	175	2	irc	irc	PROPN
ftr-421	175	3	§	§	PROPN
ftr-421	175	4	752(d	752(d	PROPN
ftr-421	175	5	)	)	PUNCT
ftr-421	175	6	.	.	PUNCT
ftr-421	176	1	26	26	NUM
ftr-421	176	2	.	.	PUNCT
ftr-421	177	1	if	if	SCONJ
ftr-421	177	2	the	the	DET
ftr-421	177	3	partnership	partnership	NOUN
ftr-421	177	4	had	have	VERB
ftr-421	177	5	any	any	DET
ftr-421	177	6	§	§	ADJ
ftr-421	177	7	751	751	NUM
ftr-421	177	8	assets	asset	NOUN
ftr-421	177	9	,	,	PUNCT
ftr-421	177	10	the	the	DET
ftr-421	177	11	seller	seller	NOUN
ftr-421	177	12	would	would	AUX
ftr-421	177	13	recognize	recognize	VERB
ftr-421	177	14	ordinary	ordinary	ADJ
ftr-421	177	15	income	income	NOUN
ftr-421	177	16	(	(	PUNCT
ftr-421	177	17	or	or	CCONJ
ftr-421	177	18	loss	loss	NOUN
ftr-421	177	19	)	)	PUNCT
ftr-421	177	20	equal	equal	ADJ
ftr-421	177	21	to	to	ADP
ftr-421	177	22	her	her	PRON
ftr-421	177	23	allocable	allocable	ADJ
ftr-421	177	24	share	share	NOUN
ftr-421	177	25	of	of	ADP
ftr-421	177	26	the	the	DET
ftr-421	177	27	partnership	partnership	NOUN
ftr-421	177	28	’s	’s	PART
ftr-421	177	29	total	total	ADJ
ftr-421	177	30	income	income	NOUN
ftr-421	177	31	or	or	CCONJ
ftr-421	177	32	loss	loss	NOUN
ftr-421	177	33	on	on	ADP
ftr-421	177	34	a	a	DET
ftr-421	177	35	hypothetical	hypothetical	ADJ
ftr-421	177	36	sale	sale	NOUN
ftr-421	177	37	of	of	ADP
ftr-421	177	38	its	its	PRON
ftr-421	177	39	§	§	ADJ
ftr-421	177	40	751	751	NUM
ftr-421	177	41	assets	asset	NOUN
ftr-421	177	42	.	.	PUNCT
ftr-421	178	1	see	see	VERB
ftr-421	178	2	regs	reg	NOUN
ftr-421	178	3	.	.	PUNCT
ftr-421	179	1	§	§	PROPN
ftr-421	179	2	1.751	1.751	NUM
ftr-421	179	3	-	-	SYM
ftr-421	179	4	1(a)(2	1(a)(2	NUM
ftr-421	179	5	)	)	PUNCT
ftr-421	179	6	.	.	PUNCT
ftr-421	180	1	the	the	DET
ftr-421	180	2	hypothetical	hypothetical	ADJ
ftr-421	180	3	sale	sale	NOUN
ftr-421	180	4	approach	approach	NOUN
ftr-421	180	5	under	under	ADP
ftr-421	180	6	the	the	DET
ftr-421	180	7	§	§	PROPN
ftr-421	180	8	751	751	NUM
ftr-421	180	9	regulations	regulation	NOUN
ftr-421	180	10	is	be	AUX
ftr-421	180	11	based	base	VERB
ftr-421	180	12	on	on	ADP
ftr-421	180	13	the	the	DET
ftr-421	180	14	assumption	assumption	NOUN
ftr-421	180	15	that	that	SCONJ
ftr-421	180	16	the	the	DET
ftr-421	180	17	transferee	transferee	NOUN
ftr-421	180	18	has	have	AUX
ftr-421	180	19	a	a	DET
ftr-421	180	20	proportionate	proportionate	ADJ
ftr-421	180	21	share	share	NOUN
ftr-421	180	22	of	of	ADP
ftr-421	180	23	the	the	DET
ftr-421	180	24	inside	inside	ADJ
ftr-421	180	25	value	value	NOUN
ftr-421	180	26	of	of	ADP
ftr-421	180	27	the	the	DET
ftr-421	180	28	partnership	partnership	NOUN
ftr-421	180	29	’s	’s	PART
ftr-421	180	30	ordinary	ordinary	ADJ
ftr-421	180	31	income	income	NOUN
ftr-421	180	32	assets	asset	NOUN
ftr-421	180	33	.	.	PUNCT
ftr-421	181	1	27	27	NUM
ftr-421	181	2	.	.	PUNCT
ftr-421	182	1	technically	technically	ADV
ftr-421	182	2	,	,	PUNCT
ftr-421	182	3	the	the	DET
ftr-421	182	4	§	§	PROPN
ftr-421	182	5	743	743	NUM
ftr-421	182	6	adjustment	adjustment	NOUN
ftr-421	182	7	is	be	AUX
ftr-421	182	8	personal	personal	ADJ
ftr-421	182	9	to	to	ADP
ftr-421	182	10	the	the	DET
ftr-421	182	11	transferee	transferee	NOUN
ftr-421	182	12	and	and	CCONJ
ftr-421	182	13	does	do	AUX
ftr-421	182	14	not	not	PART
ftr-421	182	15	affect	affect	VERB
ftr-421	182	16	the	the	DET
ftr-421	182	17	partnership	partnership	NOUN
ftr-421	182	18	’s	’s	PART
ftr-421	182	19	common	common	ADJ
ftr-421	182	20	basis	basis	NOUN
ftr-421	182	21	in	in	ADP
ftr-421	182	22	its	its	PRON
ftr-421	182	23	assets	asset	NOUN
ftr-421	182	24	.	.	PUNCT
ftr-421	183	1	see	see	VERB
ftr-421	183	2	regs	reg	NOUN
ftr-421	183	3	.	.	PUNCT
ftr-421	184	1	§	§	PROPN
ftr-421	184	2	1.743	1.743	NUM
ftr-421	184	3	-	-	SYM
ftr-421	184	4	1(j)(1	1(j)(1	NUM
ftr-421	184	5	)	)	PUNCT
ftr-421	185	1	;	;	PUNCT
ftr-421	185	2	see	see	VERB
ftr-421	185	3	also	also	ADV
ftr-421	185	4	regs	reg	VERB
ftr-421	185	5	.	.	PUNCT
ftr-421	186	1	§	§	PROPN
ftr-421	186	2	1.704	1.704	NUM
ftr-421	186	3	-	-	SYM
ftr-421	186	4	1(b)(2)(iv)(m)(2	1(b)(2)(iv)(m)(2	NUM
ftr-421	186	5	)	)	PUNCT
ftr-421	186	6	(	(	PUNCT
ftr-421	186	7	§	§	NOUN
ftr-421	186	8	743	743	NUM
ftr-421	186	9	adjustment	adjustment	NOUN
ftr-421	186	10	not	not	PART
ftr-421	186	11	reflected	reflect	VERB
ftr-421	186	12	in	in	ADP
ftr-421	186	13	the	the	DET
ftr-421	186	14	transferee	transferee	NOUN
ftr-421	186	15	’s	’s	PART
ftr-421	186	16	capital	capital	NOUN
ftr-421	186	17	account	account	NOUN
ftr-421	186	18	or	or	CCONJ
ftr-421	186	19	on	on	ADP
ftr-421	186	20	the	the	DET
ftr-421	186	21	partnership	partnership	NOUN
ftr-421	186	22	’s	’s	PART
ftr-421	186	23	books	book	NOUN
ftr-421	186	24	)	)	PUNCT
ftr-421	186	25	.	.	PUNCT
ftr-421	187	1	28	28	NUM
ftr-421	187	2	.	.	PUNCT
ftr-421	188	1	the	the	DET
ftr-421	188	2	§	§	PROPN
ftr-421	188	3	743	743	NUM
ftr-421	188	4	adjustment	adjustment	NOUN
ftr-421	188	5	is	be	AUX
ftr-421	188	6	equal	equal	ADJ
ftr-421	188	7	to	to	ADP
ftr-421	188	8	the	the	DET
ftr-421	188	9	difference	difference	NOUN
ftr-421	188	10	between	between	ADP
ftr-421	188	11	the	the	DET
ftr-421	188	12	transferee	transferee	NOUN
ftr-421	188	13	’s	’s	NOUN
ftr-421	188	14	outside	outside	ADJ
ftr-421	188	15	basis	basis	NOUN
ftr-421	188	16	and	and	CCONJ
ftr-421	188	17	the	the	DET
ftr-421	188	18	transferee	transferee	NOUN
ftr-421	188	19	’s	’s	PART
ftr-421	188	20	share	share	NOUN
ftr-421	188	21	of	of	ADP
ftr-421	188	22	the	the	DET
ftr-421	188	23	common	common	ADJ
ftr-421	188	24	basis	basis	NOUN
ftr-421	188	25	of	of	ADP
ftr-421	188	26	partnership	partnership	NOUN
ftr-421	188	27	assets	asset	NOUN
ftr-421	188	28	.	.	PUNCT
ftr-421	189	1	see	see	VERB
ftr-421	189	2	regs	reg	NOUN
ftr-421	189	3	.	.	PUNCT
ftr-421	190	1	§	§	PROPN
ftr-421	190	2	1.743	1.743	NUM
ftr-421	190	3	-	-	SYM
ftr-421	190	4	1(b	1(b	NUM
ftr-421	190	5	)	)	PUNCT
ftr-421	190	6	.	.	PUNCT
ftr-421	191	1	the	the	DET
ftr-421	191	2	transferee	transferee	NOUN
ftr-421	191	3	’s	’s	PART
ftr-421	191	4	share	share	NOUN
ftr-421	191	5	of	of	ADP
ftr-421	191	6	the	the	DET
ftr-421	191	7	common	common	ADJ
ftr-421	191	8	basis	basis	NOUN
ftr-421	191	9	of	of	ADP
ftr-421	191	10	partnership	partnership	NOUN
ftr-421	191	11	assets	asset	NOUN
ftr-421	191	12	(	(	PUNCT
ftr-421	191	13	i.e.	i.e.	X
ftr-421	191	14	,	,	PUNCT
ftr-421	191	15	the	the	DET
ftr-421	191	16	transferee	transferee	NOUN
ftr-421	191	17	’s	’s	PART
ftr-421	191	18	share	share	NOUN
ftr-421	191	19	of	of	ADP
ftr-421	191	20	previously	previously	ADV
ftr-421	191	21	taxed	tax	VERB
ftr-421	191	22	capital	capital	NOUN
ftr-421	191	23	plus	plus	CCONJ
ftr-421	191	24	liabilities	liability	NOUN
ftr-421	191	25	)	)	PUNCT
ftr-421	191	26	is	be	AUX
ftr-421	191	27	determined	determine	VERB
ftr-421	191	28	by	by	ADP
ftr-421	191	29	reference	reference	NOUN
ftr-421	191	30	to	to	ADP
ftr-421	191	31	a	a	DET
ftr-421	191	32	“	"	PUNCT
ftr-421	191	33	hypothetical	hypothetical	ADJ
ftr-421	191	34	transaction	transaction	NOUN
ftr-421	191	35	”	"	PUNCT
ftr-421	191	36	in	in	ADP
ftr-421	191	37	which	which	PRON
ftr-421	191	38	the	the	DET
ftr-421	191	39	partnership	partnership	NOUN
ftr-421	191	40	sells	sell	VERB
ftr-421	191	41	all	all	PRON
ftr-421	191	42	of	of	ADP
ftr-421	191	43	its	its	PRON
ftr-421	191	44	assets	asset	NOUN
ftr-421	191	45	in	in	ADP
ftr-421	191	46	a	a	DET
ftr-421	191	47	fully	fully	ADV
ftr-421	191	48	taxable	taxable	ADJ
ftr-421	191	49	transaction	transaction	NOUN
ftr-421	191	50	.	.	PUNCT
ftr-421	192	1	see	see	VERB
ftr-421	192	2	regs	reg	NOUN
ftr-421	192	3	.	.	PUNCT
ftr-421	193	1	§	§	PROPN
ftr-421	193	2	1.743	1.743	NUM
ftr-421	193	3	-	-	SYM
ftr-421	193	4	1(d)(1	1(d)(1	NUM
ftr-421	193	5	)	)	PUNCT
ftr-421	193	6	and	and	CCONJ
ftr-421	193	7	(	(	PUNCT
ftr-421	193	8	2	2	NUM
ftr-421	193	9	)	)	PUNCT
ftr-421	193	10	.	.	PUNCT
ftr-421	194	1	29	29	NUM
ftr-421	194	2	.	.	PUNCT
ftr-421	195	1	the	the	DET
ftr-421	195	2	§	§	PROPN
ftr-421	195	3	743	743	NUM
ftr-421	195	4	adjustment	adjustment	NOUN
ftr-421	195	5	is	be	AUX
ftr-421	195	6	allocated	allocate	VERB
ftr-421	195	7	between	between	ADP
ftr-421	195	8	and	and	CCONJ
ftr-421	195	9	among	among	ADP
ftr-421	195	10	different	different	ADJ
ftr-421	195	11	classes	class	NOUN
ftr-421	195	12	of	of	ADP
ftr-421	195	13	partnership	partnership	NOUN
ftr-421	195	14	assets	asset	NOUN
ftr-421	195	15	(	(	PUNCT
ftr-421	195	16	i.e.	i.e.	X
ftr-421	195	17	,	,	PUNCT
ftr-421	195	18	capital	capital	NOUN
ftr-421	195	19	assets	asset	NOUN
ftr-421	195	20	and	and	CCONJ
ftr-421	195	21	ordinary	ordinary	ADJ
ftr-421	195	22	assets	asset	NOUN
ftr-421	195	23	)	)	PUNCT
ftr-421	195	24	based	base	VERB
ftr-421	195	25	on	on	ADP
ftr-421	195	26	the	the	DET
ftr-421	195	27	amount	amount	NOUN
ftr-421	195	28	of	of	ADP
ftr-421	195	29	tax	tax	NOUN
ftr-421	195	30	gain	gain	NOUN
ftr-421	195	31	(	(	PUNCT
ftr-421	195	32	or	or	CCONJ
ftr-421	195	33	loss	loss	NOUN
ftr-421	195	34	)	)	PUNCT
ftr-421	195	35	that	that	PRON
ftr-421	195	36	would	would	AUX
ftr-421	195	37	be	be	AUX
ftr-421	195	38	allocated	allocate	VERB
ftr-421	195	39	to	to	ADP
ftr-421	195	40	the	the	DET
ftr-421	195	41	transferee	transferee	NOUN
ftr-421	195	42	on	on	ADP
ftr-421	195	43	a	a	DET
ftr-421	195	44	hypothetical	hypothetical	ADJ
ftr-421	195	45	sale	sale	NOUN
ftr-421	195	46	of	of	ADP
ftr-421	195	47	partnership	partnership	NOUN
ftr-421	195	48	assets	asset	NOUN
ftr-421	195	49	for	for	ADP
ftr-421	195	50	their	their	PRON
ftr-421	195	51	fair	fair	ADJ
ftr-421	195	52	market	market	NOUN
ftr-421	195	53	value	value	NOUN
ftr-421	195	54	.	.	PUNCT
ftr-421	196	1	see	see	VERB
ftr-421	196	2	regs	reg	NOUN
ftr-421	196	3	.	.	PUNCT
ftr-421	197	1	§	§	PROPN
ftr-421	197	2	1.755	1.755	NUM
ftr-421	197	3	-	-	SYM
ftr-421	197	4	1(a)(1	1(a)(1	NUM
ftr-421	197	5	)	)	PUNCT
ftr-421	197	6	and	and	CCONJ
ftr-421	197	7	(	(	PUNCT
ftr-421	197	8	b	b	NOUN
ftr-421	197	9	)	)	PUNCT
ftr-421	197	10	;	;	PUNCT
ftr-421	197	11	see	see	VERB
ftr-421	197	12	also	also	ADV
ftr-421	197	13	regs	reg	VERB
ftr-421	197	14	.	.	PUNCT
ftr-421	198	1	§	§	PROPN
ftr-421	198	2	1.755	1.755	NUM
ftr-421	198	3	-	-	SYM
ftr-421	198	4	1(a)(2	1(a)(2	NUM
ftr-421	198	5	)	)	PUNCT
ftr-421	198	6	(	(	PUNCT
ftr-421	198	7	residual	residual	ADJ
ftr-421	198	8	method	method	NOUN
ftr-421	198	9	of	of	ADP
ftr-421	198	10	determining	determine	VERB
ftr-421	198	11	fair	fair	ADJ
ftr-421	198	12	market	market	NOUN
ftr-421	198	13	value	value	NOUN
ftr-421	198	14	)	)	PUNCT
ftr-421	198	15	.	.	PUNCT
ftr-421	199	1	658	658	NUM
ftr-421	199	2	florida	florida	PROPN
ftr-421	199	3	tax	tax	NOUN
ftr-421	199	4	review	review	NOUN
ftr-421	199	5	[	[	X
ftr-421	199	6	vol.6:6	vol.6:6	NOUN
ftr-421	199	7	thus	thus	ADV
ftr-421	199	8	,	,	PUNCT
ftr-421	199	9	the	the	DET
ftr-421	199	10	basis	basis	NOUN
ftr-421	199	11	adjustment	adjustment	NOUN
ftr-421	199	12	rules	rule	NOUN
ftr-421	199	13	create	create	VERB
ftr-421	199	14	inside	inside	ADJ
ftr-421	199	15	gain	gain	NOUN
ftr-421	199	16	to	to	PART
ftr-421	199	17	match	match	VERB
ftr-421	199	18	the	the	DET
ftr-421	199	19	transferee	transferee	NOUN
ftr-421	199	20	’s	’s	NOUN
ftr-421	199	21	outside	outside	ADJ
ftr-421	199	22	gain	gain	NOUN
ftr-421	199	23	in	in	ADP
ftr-421	199	24	the	the	DET
ftr-421	199	25	case	case	NOUN
ftr-421	199	26	of	of	ADP
ftr-421	199	27	a	a	DET
ftr-421	199	28	bargain	bargain	NOUN
ftr-421	199	29	purchase	purchase	NOUN
ftr-421	199	30	of	of	ADP
ftr-421	199	31	a	a	DET
ftr-421	199	32	partnership	partnership	NOUN
ftr-421	199	33	interest.30	interest.30	VERB
ftr-421	199	34	no	no	DET
ftr-421	199	35	such	such	ADJ
ftr-421	199	36	basis	basis	NOUN
ftr-421	199	37	adjustments	adjustment	NOUN
ftr-421	199	38	occur	occur	VERB
ftr-421	199	39	if	if	SCONJ
ftr-421	199	40	a	a	DET
ftr-421	199	41	partnership	partnership	NOUN
ftr-421	199	42	interest	interest	NOUN
ftr-421	199	43	is	be	AUX
ftr-421	199	44	acquired	acquire	VERB
ftr-421	199	45	by	by	ADP
ftr-421	199	46	gift	gift	NOUN
ftr-421	199	47	because	because	SCONJ
ftr-421	199	48	the	the	DET
ftr-421	199	49	donor	donor	NOUN
ftr-421	199	50	’s	’s	PART
ftr-421	199	51	basis	basis	NOUN
ftr-421	199	52	in	in	ADP
ftr-421	199	53	the	the	DET
ftr-421	199	54	transferred	transfer	VERB
ftr-421	199	55	interest	interest	NOUN
ftr-421	199	56	carries	carry	VERB
ftr-421	199	57	over	over	ADP
ftr-421	199	58	in	in	ADP
ftr-421	199	59	the	the	DET
ftr-421	199	60	donee	donee	NOUN
ftr-421	199	61	’s	’s	PART
ftr-421	199	62	hands	hand	NOUN
ftr-421	199	63	.	.	PUNCT
ftr-421	200	1	thus	thus	ADV
ftr-421	200	2	,	,	PUNCT
ftr-421	200	3	there	there	PRON
ftr-421	200	4	is	be	VERB
ftr-421	200	5	generally	generally	ADV
ftr-421	200	6	no	no	DET
ftr-421	200	7	disparity	disparity	NOUN
ftr-421	200	8	between	between	ADP
ftr-421	200	9	the	the	DET
ftr-421	200	10	partnership’s31	partnership’s31	NUM
ftr-421	200	11	inside	inside	ADJ
ftr-421	200	12	basis	basis	NOUN
ftr-421	200	13	and	and	CCONJ
ftr-421	200	14	the	the	DET
ftr-421	200	15	partners	partner	NOUN
ftr-421	200	16	’	'	PUNCT
ftr-421	200	17	aggregate	aggregate	ADJ
ftr-421	200	18	outside	outside	ADJ
ftr-421	200	19	basis	basis	NOUN
ftr-421	200	20	to	to	AUX
ftr-421	200	21	remedy	remedy	VERB
ftr-421	200	22	.	.	PUNCT
ftr-421	201	1	any32	any32	PROPN
ftr-421	201	2	economic	economic	ADJ
ftr-421	201	3	loss	loss	NOUN
ftr-421	201	4	to	to	ADP
ftr-421	201	5	the	the	DET
ftr-421	201	6	donor	donor	NOUN
ftr-421	201	7	as	as	ADP
ftr-421	201	8	a	a	DET
ftr-421	201	9	result	result	NOUN
ftr-421	201	10	of	of	ADP
ftr-421	201	11	the	the	DET
ftr-421	201	12	capital	capital	NOUN
ftr-421	201	13	shift	shift	NOUN
ftr-421	201	14	is	be	AUX
ftr-421	201	15	simply	simply	ADV
ftr-421	201	16	disregarded	disregarded	ADJ
ftr-421	201	17	,	,	PUNCT
ftr-421	201	18	an	an	DET
ftr-421	201	19	appropriate	appropriate	ADJ
ftr-421	201	20	result	result	NOUN
ftr-421	201	21	because	because	SCONJ
ftr-421	201	22	the	the	DET
ftr-421	201	23	“	"	PUNCT
ftr-421	201	24	lost	lost	ADJ
ftr-421	201	25	”	"	PUNCT
ftr-421	201	26	value	value	NOUN
ftr-421	201	27	reappears	reappear	VERB
ftr-421	201	28	in	in	ADP
ftr-421	201	29	the	the	DET
ftr-421	201	30	donee	donee	NOUN
ftr-421	201	31	’s	’s	PART
ftr-421	201	32	capital	capital	PROPN
ftr-421	201	33	account	account	PROPN
ftr-421	201	34	.	.	PUNCT
ftr-421	202	1	the	the	DET
ftr-421	202	2	carryover	carryover	NOUN
ftr-421	202	3	basis	basis	NOUN
ftr-421	202	4	rule	rule	NOUN
ftr-421	202	5	for	for	ADP
ftr-421	202	6	gifts	gift	NOUN
ftr-421	202	7	of	of	ADP
ftr-421	202	8	partnership	partnership	NOUN
ftr-421	202	9	interests	interest	NOUN
ftr-421	202	10	merely	merely	ADV
ftr-421	202	11	serves	serve	VERB
ftr-421	202	12	to	to	PART
ftr-421	202	13	mask	mask	VERB
ftr-421	202	14	the	the	DET
ftr-421	202	15	capital	capital	NOUN
ftr-421	202	16	shift	shift	NOUN
ftr-421	202	17	between	between	ADP
ftr-421	202	18	a	a	PRON
ftr-421	202	19	and	and	CCONJ
ftr-421	202	20	d.	d.	NOUN
ftr-421	202	21	by	by	ADP
ftr-421	202	22	contrast	contrast	NOUN
ftr-421	202	23	,	,	PUNCT
ftr-421	202	24	a	a	DET
ftr-421	202	25	sale	sale	NOUN
ftr-421	202	26	of	of	ADP
ftr-421	202	27	a	a	DET
ftr-421	202	28	discounted	discount	VERB
ftr-421	202	29	interest	interest	NOUN
ftr-421	202	30	between	between	ADP
ftr-421	202	31	unrelated	unrelated	ADJ
ftr-421	202	32	parties	party	NOUN
ftr-421	202	33	results	result	VERB
ftr-421	202	34	in	in	ADP
ftr-421	202	35	an	an	DET
ftr-421	202	36	economic	economic	ADJ
ftr-421	202	37	loss	loss	NOUN
ftr-421	202	38	to	to	ADP
ftr-421	202	39	the	the	DET
ftr-421	202	40	transferor	transferor	NOUN
ftr-421	202	41	and	and	CCONJ
ftr-421	202	42	a	a	DET
ftr-421	202	43	matching	matching	ADJ
ftr-421	202	44	potential	potential	ADJ
ftr-421	202	45	economic	economic	ADJ
ftr-421	202	46	gain	gain	NOUN
ftr-421	202	47	to	to	ADP
ftr-421	202	48	the	the	DET
ftr-421	202	49	transferee	transferee	NOUN
ftr-421	202	50	.	.	PUNCT
ftr-421	203	1	assuming	assume	VERB
ftr-421	203	2	a	a	DET
ftr-421	203	3	section	section	NOUN
ftr-421	203	4	754	754	NUM
ftr-421	203	5	election	election	NOUN
ftr-421	203	6	is	be	AUX
ftr-421	203	7	in	in	ADP
ftr-421	203	8	effect	effect	NOUN
ftr-421	203	9	,	,	PUNCT
ftr-421	203	10	d	d	X
ftr-421	203	11	’s	’s	ADJ
ftr-421	203	12	potential	potential	ADJ
ftr-421	203	13	gain	gain	NOUN
ftr-421	203	14	inside	inside	ADP
ftr-421	203	15	the	the	DET
ftr-421	203	16	partnership	partnership	NOUN
ftr-421	203	17	is	be	AUX
ftr-421	203	18	equal	equal	ADJ
ftr-421	203	19	to	to	ADP
ftr-421	203	20	a	a	DET
ftr-421	203	21	’s	’s	ADV
ftr-421	203	22	recognized	recognize	VERB
ftr-421	203	23	loss	loss	NOUN
ftr-421	203	24	on	on	ADP
ftr-421	203	25	the	the	DET
ftr-421	203	26	transfer	transfer	NOUN
ftr-421	203	27	.	.	PUNCT
ftr-421	204	1	if	if	SCONJ
ftr-421	204	2	a	a	DET
ftr-421	204	3	partner	partner	NOUN
ftr-421	204	4	purchases	purchase	VERB
ftr-421	204	5	a	a	DET
ftr-421	204	6	partnership	partnership	NOUN
ftr-421	204	7	interest	interest	NOUN
ftr-421	204	8	from	from	ADP
ftr-421	204	9	another	another	DET
ftr-421	204	10	partner	partner	NOUN
ftr-421	204	11	at	at	ADP
ftr-421	204	12	a	a	DET
ftr-421	204	13	discount	discount	NOUN
ftr-421	204	14	,	,	PUNCT
ftr-421	204	15	presumably	presumably	ADV
ftr-421	204	16	a	a	DET
ftr-421	204	17	similar	similar	ADJ
ftr-421	204	18	discount	discount	NOUN
ftr-421	204	19	should	should	AUX
ftr-421	204	20	be	be	AUX
ftr-421	204	21	allowed	allow	VERB
ftr-421	204	22	if	if	SCONJ
ftr-421	204	23	a	a	DET
ftr-421	204	24	new	new	ADJ
ftr-421	204	25	partner	partner	NOUN
ftr-421	204	26	contributes	contribute	VERB
ftr-421	204	27	cash	cash	NOUN
ftr-421	204	28	to	to	ADP
ftr-421	204	29	the	the	DET
ftr-421	204	30	partnership	partnership	NOUN
ftr-421	204	31	for	for	ADP
ftr-421	204	32	an	an	DET
ftr-421	204	33	equivalent	equivalent	ADJ
ftr-421	204	34	interest	interest	NOUN
ftr-421	204	35	.	.	PUNCT
ftr-421	205	1	for	for	ADP
ftr-421	205	2	example	example	NOUN
ftr-421	205	3	,	,	PUNCT
ftr-421	205	4	assume	assume	VERB
ftr-421	205	5	that	that	SCONJ
ftr-421	205	6	a	a	DET
ftr-421	205	7	recontributes	recontribute	VERB
ftr-421	205	8	the	the	DET
ftr-421	205	9	$	$	SYM
ftr-421	205	10	33	33	NUM
ftr-421	205	11	cash	cash	NOUN
ftr-421	205	12	paid	pay	VERB
ftr-421	205	13	by	by	ADP
ftr-421	205	14	d	d	PROPN
ftr-421	205	15	for	for	ADP
ftr-421	205	16	one	one	NUM
ftr-421	205	17	half	half	NOUN
ftr-421	205	18	of	of	ADP
ftr-421	205	19	a	a	DET
ftr-421	205	20	’s	’s	ADJ
ftr-421	205	21	limited	limited	ADJ
ftr-421	205	22	partnership	partnership	NOUN
ftr-421	205	23	interest	interest	NOUN
ftr-421	205	24	;	;	PUNCT
ftr-421	205	25	in	in	ADP
ftr-421	205	26	exchange	exchange	NOUN
ftr-421	205	27	for	for	ADP
ftr-421	205	28	a	a	DET
ftr-421	205	29	’s	’s	NOUN
ftr-421	205	30	contribution	contribution	NOUN
ftr-421	205	31	,	,	PUNCT
ftr-421	205	32	the	the	DET
ftr-421	205	33	partners	partner	NOUN
ftr-421	205	34	agree	agree	VERB
ftr-421	205	35	to	to	PART
ftr-421	205	36	treat	treat	VERB
ftr-421	205	37	a	a	PRON
ftr-421	205	38	as	as	ADP
ftr-421	205	39	acquiring	acquire	VERB
ftr-421	205	40	an	an	DET
ftr-421	205	41	additional	additional	ADJ
ftr-421	205	42	33	33	NUM
ftr-421	205	43	%	%	NOUN
ftr-421	205	44	limited	limited	ADJ
ftr-421	205	45	partnership	partnership	NOUN
ftr-421	205	46	interest	interest	NOUN
ftr-421	205	47	.	.	PUNCT
ftr-421	206	1	because	because	SCONJ
ftr-421	206	2	a	a	PRON
ftr-421	206	3	has	have	AUX
ftr-421	206	4	contributed	contribute	VERB
ftr-421	206	5	an	an	DET
ftr-421	206	6	amount	amount	NOUN
ftr-421	206	7	equal	equal	ADJ
ftr-421	206	8	to	to	ADP
ftr-421	206	9	d	d	NOUN
ftr-421	206	10	’s	’s	PART
ftr-421	206	11	purchase	purchase	NOUN
ftr-421	206	12	price	price	NOUN
ftr-421	206	13	for	for	ADP
ftr-421	206	14	a	a	DET
ftr-421	206	15	similar	similar	ADJ
ftr-421	206	16	interest	interest	NOUN
ftr-421	206	17	,	,	PUNCT
ftr-421	206	18	it	it	PRON
ftr-421	206	19	might	might	AUX
ftr-421	206	20	appear	appear	VERB
ftr-421	206	21	that	that	SCONJ
ftr-421	206	22	a	a	PRON
ftr-421	206	23	should	should	AUX
ftr-421	206	24	also	also	ADV
ftr-421	206	25	be	be	AUX
ftr-421	206	26	entitled	entitle	VERB
ftr-421	206	27	to	to	ADP
ftr-421	206	28	a	a	DET
ftr-421	206	29	$	$	SYM
ftr-421	206	30	49.50	49.50	NUM
ftr-421	206	31	capital	capital	NOUN
ftr-421	206	32	account	account	NOUN
ftr-421	206	33	.	.	PUNCT
ftr-421	207	1	this	this	DET
ftr-421	207	2	result	result	NOUN
ftr-421	207	3	is	be	AUX
ftr-421	207	4	not	not	PART
ftr-421	207	5	permitted	permit	VERB
ftr-421	207	6	,	,	PUNCT
ftr-421	207	7	however	however	ADV
ftr-421	207	8	,	,	PUNCT
ftr-421	207	9	because	because	SCONJ
ftr-421	207	10	the	the	DET
ftr-421	207	11	total	total	ADJ
ftr-421	207	12	inside	inside	ADJ
ftr-421	207	13	value	value	NOUN
ftr-421	207	14	allocable	allocable	ADJ
ftr-421	207	15	to	to	ADP
ftr-421	207	16	the	the	DET
ftr-421	207	17	combined	combine	VERB
ftr-421	207	18	limited	limited	ADJ
ftr-421	207	19	partnership	partnership	NOUN
ftr-421	207	20	interests	interest	NOUN
ftr-421	207	21	is	be	AUX
ftr-421	207	22	only	only	ADV
ftr-421	207	23	$	$	SYM
ftr-421	207	24	132	132	NUM
ftr-421	207	25	(	(	PUNCT
ftr-421	207	26	a	a	DET
ftr-421	207	27	’s	’s	X
ftr-421	207	28	original	original	ADJ
ftr-421	207	29	contribution	contribution	NOUN
ftr-421	207	30	of	of	ADP
ftr-421	207	31	$	$	SYM
ftr-421	207	32	99	99	NUM
ftr-421	207	33	worth	worth	NOUN
ftr-421	207	34	of	of	ADP
ftr-421	207	35	investment	investment	NOUN
ftr-421	207	36	assets	asset	NOUN
ftr-421	207	37	plus	plus	CCONJ
ftr-421	207	38	$	$	SYM
ftr-421	207	39	33	33	NUM
ftr-421	207	40	cash	cash	NOUN
ftr-421	207	41	)	)	PUNCT
ftr-421	207	42	.	.	PUNCT
ftr-421	208	1	a	a	DET
ftr-421	208	2	pro	pro	ADJ
ftr-421	208	3	rata	rata	ADJ
ftr-421	208	4	division	division	NOUN
ftr-421	208	5	of	of	ADP
ftr-421	208	6	inside	inside	ADJ
ftr-421	208	7	value	value	NOUN
ftr-421	208	8	among	among	ADP
ftr-421	208	9	the	the	DET
ftr-421	208	10	limited	limited	ADJ
ftr-421	208	11	partners	partner	NOUN
ftr-421	208	12	based	base	VERB
ftr-421	208	13	on	on	ADP
ftr-421	208	14	their	their	PRON
ftr-421	208	15	percentage	percentage	NOUN
ftr-421	208	16	interests	interest	NOUN
ftr-421	208	17	would	would	AUX
ftr-421	208	18	result	result	VERB
ftr-421	208	19	in	in	ADP
ftr-421	208	20	the	the	DET
ftr-421	208	21	following	follow	VERB
ftr-421	208	22	capital	capital	NOUN
ftr-421	208	23	accounts	account	NOUN
ftr-421	208	24	:	:	PUNCT
ftr-421	208	25	$	$	SYM
ftr-421	208	26	88	88	NUM
ftr-421	208	27	for	for	ADP
ftr-421	208	28	a	a	DET
ftr-421	208	29	(	(	PUNCT
ftr-421	208	30	b	b	NOUN
ftr-421	208	31	×	×	NOUN
ftr-421	208	32	$	$	SYM
ftr-421	208	33	132	132	NUM
ftr-421	208	34	)	)	PUNCT
ftr-421	208	35	and	and	CCONJ
ftr-421	208	36	$	$	SYM
ftr-421	208	37	44	44	NUM
ftr-421	208	38	for	for	ADP
ftr-421	208	39	d	d	PROPN
ftr-421	208	40	(	(	PUNCT
ftr-421	208	41	a	a	DET
ftr-421	208	42	×	×	NOUN
ftr-421	208	43	$	$	SYM
ftr-421	208	44	132	132	NUM
ftr-421	208	45	)	)	PUNCT
ftr-421	208	46	.	.	PUNCT
ftr-421	209	1	in	in	ADP
ftr-421	209	2	effect	effect	NOUN
ftr-421	209	3	,	,	PUNCT
ftr-421	209	4	a	a	PRON
ftr-421	209	5	would	would	AUX
ftr-421	209	6	recapture	recapture	VERB
ftr-421	209	7	a	a	DET
ftr-421	209	8	portion	portion	NOUN
ftr-421	209	9	of	of	ADP
ftr-421	209	10	the	the	DET
ftr-421	209	11	value	value	NOUN
ftr-421	209	12	shifted	shift	VERB
ftr-421	209	13	to	to	ADP
ftr-421	209	14	d,33	d,33	PROPN
ftr-421	209	15	30	30	NUM
ftr-421	209	16	.	.	PUNCT
ftr-421	210	1	any	any	DET
ftr-421	210	2	shortfall	shortfall	NOUN
ftr-421	210	3	in	in	ADP
ftr-421	210	4	the	the	DET
ftr-421	210	5	§	§	PROPN
ftr-421	210	6	743	743	NUM
ftr-421	210	7	adjustment	adjustment	NOUN
ftr-421	210	8	is	be	AUX
ftr-421	210	9	allocated	allocate	VERB
ftr-421	210	10	first	first	ADV
ftr-421	210	11	to	to	ADP
ftr-421	210	12	capital	capital	NOUN
ftr-421	210	13	assets	asset	NOUN
ftr-421	210	14	and	and	CCONJ
ftr-421	210	15	then	then	ADV
ftr-421	210	16	to	to	ADP
ftr-421	210	17	ordinary	ordinary	ADJ
ftr-421	210	18	income	income	NOUN
ftr-421	210	19	assets	asset	NOUN
ftr-421	210	20	if	if	SCONJ
ftr-421	210	21	the	the	DET
ftr-421	210	22	basis	basis	NOUN
ftr-421	210	23	of	of	ADP
ftr-421	210	24	capital	capital	NOUN
ftr-421	210	25	assets	asset	NOUN
ftr-421	210	26	is	be	AUX
ftr-421	210	27	insufficient	insufficient	ADJ
ftr-421	210	28	to	to	PART
ftr-421	210	29	absorb	absorb	VERB
ftr-421	210	30	the	the	DET
ftr-421	210	31	required	require	VERB
ftr-421	210	32	adjustments	adjustment	NOUN
ftr-421	210	33	.	.	PUNCT
ftr-421	211	1	see	see	VERB
ftr-421	211	2	regs	reg	NOUN
ftr-421	211	3	.	.	PUNCT
ftr-421	212	1	§	§	PROPN
ftr-421	212	2	1.755	1.755	NUM
ftr-421	212	3	-	-	SYM
ftr-421	212	4	1(b)(2	1(b)(2	NUM
ftr-421	212	5	)	)	PUNCT
ftr-421	212	6	.	.	PUNCT
ftr-421	213	1	31	31	NUM
ftr-421	213	2	.	.	PUNCT
ftr-421	214	1	see	see	VERB
ftr-421	214	2	irc	irc	ADV
ftr-421	214	3	§	§	PROPN
ftr-421	214	4	1015(a	1015(a	NOUN
ftr-421	214	5	)	)	PUNCT
ftr-421	214	6	(	(	PUNCT
ftr-421	214	7	donee	donee	NOUN
ftr-421	214	8	takes	take	VERB
ftr-421	214	9	donor	donor	NOUN
ftr-421	214	10	’s	’s	PART
ftr-421	214	11	basis	basis	NOUN
ftr-421	214	12	in	in	ADP
ftr-421	214	13	transferred	transfer	VERB
ftr-421	214	14	property	property	NOUN
ftr-421	214	15	,	,	PUNCT
ftr-421	214	16	subject	subject	ADJ
ftr-421	214	17	to	to	ADP
ftr-421	214	18	fair	fair	ADJ
ftr-421	214	19	market	market	NOUN
ftr-421	214	20	value	value	NOUN
ftr-421	214	21	limit	limit	NOUN
ftr-421	214	22	for	for	ADP
ftr-421	214	23	loss	loss	NOUN
ftr-421	214	24	purposes	purpose	NOUN
ftr-421	214	25	)	)	PUNCT
ftr-421	214	26	.	.	PUNCT
ftr-421	215	1	32	32	NUM
ftr-421	215	2	.	.	PUNCT
ftr-421	216	1	a	a	DET
ftr-421	216	2	discrepancy	discrepancy	NOUN
ftr-421	216	3	may	may	AUX
ftr-421	216	4	arise	arise	VERB
ftr-421	216	5	,	,	PUNCT
ftr-421	216	6	however	however	ADV
ftr-421	216	7	,	,	PUNCT
ftr-421	216	8	if	if	SCONJ
ftr-421	216	9	the	the	DET
ftr-421	216	10	donor	donor	NOUN
ftr-421	216	11	incurs	incur	VERB
ftr-421	216	12	a	a	DET
ftr-421	216	13	gift	gift	NOUN
ftr-421	216	14	tax	tax	NOUN
ftr-421	216	15	liability	liability	NOUN
ftr-421	216	16	on	on	ADP
ftr-421	216	17	a	a	DET
ftr-421	216	18	gift	gift	NOUN
ftr-421	216	19	of	of	ADP
ftr-421	216	20	a	a	DET
ftr-421	216	21	partnership	partnership	NOUN
ftr-421	216	22	interest	interest	NOUN
ftr-421	216	23	with	with	ADP
ftr-421	216	24	a	a	DET
ftr-421	216	25	value	value	NOUN
ftr-421	216	26	exceeding	exceed	VERB
ftr-421	216	27	the	the	DET
ftr-421	216	28	donor	donor	NOUN
ftr-421	216	29	’s	’s	NOUN
ftr-421	216	30	outside	outside	ADJ
ftr-421	216	31	basis	basis	NOUN
ftr-421	216	32	.	.	PUNCT
ftr-421	217	1	see	see	VERB
ftr-421	217	2	irc	irc	PROPN
ftr-421	217	3	§	§	PROPN
ftr-421	217	4	1015(d	1015(d	PROPN
ftr-421	217	5	)	)	PUNCT
ftr-421	217	6	(	(	PUNCT
ftr-421	217	7	basis	basis	NOUN
ftr-421	217	8	adjustment	adjustment	NOUN
ftr-421	217	9	for	for	ADP
ftr-421	217	10	gift	gift	NOUN
ftr-421	217	11	tax	tax	NOUN
ftr-421	217	12	attributable	attributable	ADJ
ftr-421	217	13	to	to	ADP
ftr-421	217	14	net	net	ADJ
ftr-421	217	15	appreciation	appreciation	NOUN
ftr-421	217	16	in	in	ADP
ftr-421	217	17	gift	gift	NOUN
ftr-421	217	18	)	)	PUNCT
ftr-421	217	19	.	.	PUNCT
ftr-421	218	1	33	33	NUM
ftr-421	218	2	.	.	PUNCT
ftr-421	219	1	the	the	DET
ftr-421	219	2	result	result	NOUN
ftr-421	219	3	is	be	AUX
ftr-421	219	4	the	the	DET
ftr-421	219	5	same	same	ADJ
ftr-421	219	6	if	if	SCONJ
ftr-421	219	7	the	the	DET
ftr-421	219	8	general	general	ADJ
ftr-421	219	9	partner	partner	NOUN
ftr-421	219	10	’s	’s	PART
ftr-421	219	11	$	$	SYM
ftr-421	219	12	1	1	NUM
ftr-421	219	13	contribution	contribution	NOUN
ftr-421	219	14	is	be	AUX
ftr-421	219	15	taken	take	VERB
ftr-421	219	16	into	into	ADP
ftr-421	219	17	account	account	NOUN
ftr-421	219	18	.	.	PUNCT
ftr-421	220	1	following	follow	VERB
ftr-421	220	2	a	a	DET
ftr-421	220	3	’s	’s	NOUN
ftr-421	220	4	additional	additional	ADJ
ftr-421	220	5	$	$	SYM
ftr-421	220	6	33	33	NUM
ftr-421	220	7	contribution	contribution	NOUN
ftr-421	220	8	,	,	PUNCT
ftr-421	220	9	the	the	DET
ftr-421	220	10	combined	combine	VERB
ftr-421	220	11	percentage	percentage	NOUN
ftr-421	220	12	interest	interest	NOUN
ftr-421	220	13	of	of	ADP
ftr-421	220	14	the	the	DET
ftr-421	220	15	limited	limited	ADJ
ftr-421	220	16	partners	partner	NOUN
ftr-421	220	17	,	,	PUNCT
ftr-421	220	18	based	base	VERB
ftr-421	220	19	on	on	ADP
ftr-421	220	20	their	their	PRON
ftr-421	220	21	capital	capital	NOUN
ftr-421	220	22	contributions	contribution	NOUN
ftr-421	220	23	,	,	PUNCT
ftr-421	220	24	is	be	AUX
ftr-421	220	25	99.25	99.25	NUM
ftr-421	220	26	%	%	NOUN
ftr-421	220	27	(	(	PUNCT
ftr-421	220	28	$	$	SYM
ftr-421	220	29	132/$133	132/$133	NUM
ftr-421	220	30	)	)	PUNCT
ftr-421	220	31	,	,	PUNCT
ftr-421	220	32	while	while	SCONJ
ftr-421	220	33	the	the	DET
ftr-421	220	34	percentage	percentage	NOUN
ftr-421	220	35	interest	interest	NOUN
ftr-421	220	36	of	of	ADP
ftr-421	220	37	the	the	DET
ftr-421	220	38	general	general	ADJ
ftr-421	220	39	partner	partner	NOUN
ftr-421	220	40	is	be	AUX
ftr-421	220	41	0.75	0.75	NUM
ftr-421	220	42	%	%	NOUN
ftr-421	220	43	(	(	PUNCT
ftr-421	220	44	$	$	SYM
ftr-421	220	45	1/$133	1/$133	NUM
ftr-421	220	46	)	)	PUNCT
ftr-421	220	47	.	.	PUNCT
ftr-421	221	1	a	a	DET
ftr-421	221	2	pro	pro	ADJ
ftr-421	221	3	rata	rata	ADJ
ftr-421	221	4	division	division	NOUN
ftr-421	221	5	of	of	ADP
ftr-421	221	6	the	the	DET
ftr-421	221	7	total	total	ADJ
ftr-421	221	8	inside	inside	ADJ
ftr-421	221	9	value	value	NOUN
ftr-421	221	10	of	of	ADP
ftr-421	221	11	$	$	SYM
ftr-421	221	12	133	133	NUM
ftr-421	221	13	among	among	ADP
ftr-421	221	14	all	all	DET
ftr-421	221	15	the	the	DET
ftr-421	221	16	partners	partner	NOUN
ftr-421	221	17	yields	yield	VERB
ftr-421	221	18	the	the	DET
ftr-421	221	19	following	follow	VERB
ftr-421	221	20	capital	capital	NOUN
ftr-421	221	21	accounts	account	NOUN
ftr-421	221	22	:	:	PUNCT
ftr-421	221	23	$	$	SYM
ftr-421	221	24	88	88	NUM
ftr-421	221	25	for	for	ADP
ftr-421	221	26	a	a	DET
ftr-421	221	27	(	(	PUNCT
ftr-421	221	28	$	$	SYM
ftr-421	221	29	133	133	NUM
ftr-421	221	30	×	×	NOUN
ftr-421	221	31	(	(	PUNCT
ftr-421	221	32	b	b	NOUN
ftr-421	221	33	×	×	NOUN
ftr-421	221	34	99.25	99.25	NUM
ftr-421	221	35	%	%	NOUN
ftr-421	221	36	)	)	PUNCT
ftr-421	221	37	)	)	PUNCT
ftr-421	221	38	,	,	PUNCT
ftr-421	221	39	$	$	SYM
ftr-421	221	40	44	44	NUM
ftr-421	221	41	for	for	ADP
ftr-421	221	42	d	d	PROPN
ftr-421	221	43	(	(	PUNCT
ftr-421	221	44	$	$	SYM
ftr-421	221	45	133	133	NUM
ftr-421	221	46	×	×	NOUN
ftr-421	221	47	(	(	PUNCT
ftr-421	221	48	a	a	DET
ftr-421	221	49	×	×	NOUN
ftr-421	221	50	99.25	99.25	NUM
ftr-421	221	51	%	%	NOUN
ftr-421	221	52	)	)	PUNCT
ftr-421	221	53	)	)	PUNCT
ftr-421	221	54	,	,	PUNCT
ftr-421	221	55	and	and	CCONJ
ftr-421	221	56	$	$	SYM
ftr-421	221	57	1	1	NUM
ftr-421	221	58	for	for	ADP
ftr-421	221	59	x	x	SYM
ftr-421	221	60	(	(	PUNCT
ftr-421	221	61	$	$	SYM
ftr-421	221	62	133	133	NUM
ftr-421	221	63	×	×	NOUN
ftr-421	221	64	0.75	0.75	NUM
ftr-421	221	65	%	%	NOUN
ftr-421	221	66	)	)	PUNCT
ftr-421	221	67	.	.	PUNCT
ftr-421	222	1	2004	2004	NUM
ftr-421	222	2	]	]	PUNCT
ftr-421	222	3	family	family	NOUN
ftr-421	222	4	limited	limit	VERB
ftr-421	222	5	partnerships	partnership	NOUN
ftr-421	222	6	659	659	NUM
ftr-421	222	7	reducing	reduce	VERB
ftr-421	222	8	the	the	DET
ftr-421	222	9	total	total	ADJ
ftr-421	222	10	capital	capital	NOUN
ftr-421	222	11	shift	shift	NOUN
ftr-421	222	12	to	to	ADP
ftr-421	222	13	d	d	NOUN
ftr-421	222	14	from	from	ADP
ftr-421	222	15	$	$	SYM
ftr-421	222	16	16.50	16.50	NUM
ftr-421	222	17	to	to	PART
ftr-421	222	18	$	$	SYM
ftr-421	222	19	11	11	NUM
ftr-421	222	20	(	(	PUNCT
ftr-421	222	21	$	$	SYM
ftr-421	222	22	44	44	NUM
ftr-421	222	23	capital	capital	NOUN
ftr-421	222	24	account	account	VERB
ftr-421	222	25	less	less	ADJ
ftr-421	222	26	$	$	SYM
ftr-421	222	27	33	33	NUM
ftr-421	222	28	purchase	purchase	VERB
ftr-421	222	29	price).34	price).34	PRON
ftr-421	222	30	since	since	SCONJ
ftr-421	222	31	such	such	ADJ
ftr-421	222	32	treatment	treatment	NOUN
ftr-421	222	33	would	would	AUX
ftr-421	222	34	dilute	dilute	VERB
ftr-421	222	35	d	d	PROPN
ftr-421	222	36	’s	’s	PART
ftr-421	222	37	discount	discount	NOUN
ftr-421	222	38	,	,	PUNCT
ftr-421	222	39	however	however	ADV
ftr-421	222	40	,	,	PUNCT
ftr-421	222	41	d	d	PROPN
ftr-421	222	42	may35	may35	NOUN
ftr-421	222	43	insist	insist	VERB
ftr-421	222	44	that	that	SCONJ
ftr-421	222	45	his	his	PRON
ftr-421	222	46	capital	capital	NOUN
ftr-421	222	47	account	account	NOUN
ftr-421	222	48	should	should	AUX
ftr-421	222	49	remain	remain	VERB
ftr-421	222	50	$	$	SYM
ftr-421	222	51	49.50	49.50	NUM
ftr-421	222	52	to	to	PART
ftr-421	222	53	reflect	reflect	VERB
ftr-421	222	54	the	the	DET
ftr-421	222	55	agreed	agree	VERB
ftr-421	222	56	upon	upon	SCONJ
ftr-421	222	57	discount	discount	NOUN
ftr-421	222	58	at	at	ADP
ftr-421	222	59	the	the	DET
ftr-421	222	60	time	time	NOUN
ftr-421	222	61	of	of	ADP
ftr-421	222	62	purchase	purchase	NOUN
ftr-421	222	63	.	.	PUNCT
ftr-421	223	1	in	in	ADP
ftr-421	223	2	this	this	DET
ftr-421	223	3	event	event	NOUN
ftr-421	223	4	,	,	PUNCT
ftr-421	223	5	a	a	DET
ftr-421	223	6	’s	’s	ADV
ftr-421	223	7	remaining	remaining	ADJ
ftr-421	223	8	limited	limited	ADJ
ftr-421	223	9	partnership	partnership	NOUN
ftr-421	223	10	interest	interest	NOUN
ftr-421	223	11	would	would	AUX
ftr-421	223	12	correspond	correspond	VERB
ftr-421	223	13	to	to	ADP
ftr-421	223	14	a	a	DET
ftr-421	223	15	capital	capital	NOUN
ftr-421	223	16	account	account	NOUN
ftr-421	223	17	credit	credit	NOUN
ftr-421	223	18	of	of	ADP
ftr-421	223	19	$	$	SYM
ftr-421	223	20	82.50	82.50	NUM
ftr-421	223	21	(	(	PUNCT
ftr-421	223	22	$	$	SYM
ftr-421	223	23	49.50	49.50	NUM
ftr-421	223	24	retained	retain	VERB
ftr-421	223	25	capital	capital	NOUN
ftr-421	223	26	account	account	NOUN
ftr-421	223	27	increased	increase	VERB
ftr-421	223	28	by	by	ADP
ftr-421	223	29	$	$	SYM
ftr-421	223	30	33	33	NUM
ftr-421	223	31	contribution	contribution	NOUN
ftr-421	223	32	)	)	PUNCT
ftr-421	223	33	.	.	PUNCT
ftr-421	224	1	of	of	ADP
ftr-421	224	2	course	course	NOUN
ftr-421	224	3	,	,	PUNCT
ftr-421	224	4	it36	it36	PROPN
ftr-421	224	5	makes	make	VERB
ftr-421	224	6	no	no	DET
ftr-421	224	7	economic	economic	ADJ
ftr-421	224	8	sense	sense	NOUN
ftr-421	224	9	for	for	SCONJ
ftr-421	224	10	a	a	PRON
ftr-421	224	11	to	to	PART
ftr-421	224	12	agree	agree	VERB
ftr-421	224	13	to	to	ADP
ftr-421	224	14	a	a	DET
ftr-421	224	15	capital	capital	NOUN
ftr-421	224	16	account	account	NOUN
ftr-421	224	17	credit	credit	NOUN
ftr-421	224	18	of	of	ADP
ftr-421	224	19	only	only	ADV
ftr-421	224	20	$	$	SYM
ftr-421	224	21	33	33	NUM
ftr-421	224	22	in	in	ADP
ftr-421	224	23	exchange	exchange	NOUN
ftr-421	224	24	for	for	ADP
ftr-421	224	25	her	her	PRON
ftr-421	224	26	contribution	contribution	NOUN
ftr-421	224	27	,	,	PUNCT
ftr-421	224	28	in	in	ADP
ftr-421	224	29	view	view	NOUN
ftr-421	224	30	of	of	ADP
ftr-421	224	31	the	the	DET
ftr-421	224	32	one	one	NUM
ftr-421	224	33	-	-	PUNCT
ftr-421	224	34	third	third	NOUN
ftr-421	224	35	discount	discount	NOUN
ftr-421	224	36	reflected	reflect	VERB
ftr-421	224	37	in	in	ADP
ftr-421	224	38	d	d	PROPN
ftr-421	224	39	’s	’s	PART
ftr-421	224	40	purchase	purchase	NOUN
ftr-421	224	41	of	of	ADP
ftr-421	224	42	one	one	NUM
ftr-421	224	43	half	half	NOUN
ftr-421	224	44	of	of	ADP
ftr-421	224	45	a	a	DET
ftr-421	224	46	’s	’s	ADJ
ftr-421	224	47	former	former	ADJ
ftr-421	224	48	interest	interest	NOUN
ftr-421	224	49	.	.	PUNCT
ftr-421	225	1	more	more	ADV
ftr-421	225	2	importantly	importantly	ADV
ftr-421	225	3	,	,	PUNCT
ftr-421	225	4	treating	treat	VERB
ftr-421	225	5	partners	partner	NOUN
ftr-421	225	6	as	as	ADP
ftr-421	225	7	acquiring	acquire	VERB
ftr-421	225	8	interests	interest	NOUN
ftr-421	225	9	at	at	ADP
ftr-421	225	10	a	a	DET
ftr-421	225	11	discount	discount	NOUN
ftr-421	225	12	may	may	AUX
ftr-421	225	13	threaten	threaten	VERB
ftr-421	225	14	to	to	PART
ftr-421	225	15	undermine	undermine	VERB
ftr-421	225	16	the	the	DET
ftr-421	225	17	function	function	NOUN
ftr-421	225	18	of	of	ADP
ftr-421	225	19	the	the	DET
ftr-421	225	20	elaborate	elaborate	ADJ
ftr-421	225	21	capital	capital	NOUN
ftr-421	225	22	account	account	NOUN
ftr-421	225	23	rules	rule	NOUN
ftr-421	225	24	linking	link	VERB
ftr-421	225	25	each	each	DET
ftr-421	225	26	partner	partner	NOUN
ftr-421	225	27	’s	’s	PART
ftr-421	225	28	interest	interest	NOUN
ftr-421	225	29	in	in	ADP
ftr-421	225	30	the	the	DET
ftr-421	225	31	partnership	partnership	NOUN
ftr-421	225	32	with	with	ADP
ftr-421	225	33	a	a	DET
ftr-421	225	34	share	share	NOUN
ftr-421	225	35	of	of	ADP
ftr-421	225	36	partnership	partnership	NOUN
ftr-421	225	37	assets	asset	NOUN
ftr-421	225	38	upon	upon	SCONJ
ftr-421	225	39	liquidation	liquidation	NOUN
ftr-421	225	40	.	.	PUNCT
ftr-421	226	1	the	the	DET
ftr-421	226	2	threat37	threat37	NOUN
ftr-421	226	3	to	to	ADP
ftr-421	226	4	the	the	DET
ftr-421	226	5	integrity	integrity	NOUN
ftr-421	226	6	of	of	ADP
ftr-421	226	7	the	the	DET
ftr-421	226	8	capital	capital	NOUN
ftr-421	226	9	account	account	NOUN
ftr-421	226	10	rules	rule	NOUN
ftr-421	226	11	is	be	AUX
ftr-421	226	12	heightened	heighten	VERB
ftr-421	226	13	to	to	ADP
ftr-421	226	14	the	the	DET
ftr-421	226	15	extent	extent	NOUN
ftr-421	226	16	that	that	SCONJ
ftr-421	226	17	such	such	ADJ
ftr-421	226	18	discounts	discount	NOUN
ftr-421	226	19	occur	occur	VERB
ftr-421	226	20	between	between	ADP
ftr-421	226	21	related	related	ADJ
ftr-421	226	22	parties	party	NOUN
ftr-421	226	23	who	who	PRON
ftr-421	226	24	lack	lack	VERB
ftr-421	226	25	adverse	adverse	ADJ
ftr-421	226	26	economic	economic	ADJ
ftr-421	226	27	interests	interest	NOUN
ftr-421	226	28	.	.	PUNCT
ftr-421	227	1	the	the	DET
ftr-421	227	2	claimed	claim	VERB
ftr-421	227	3	discounts	discount	NOUN
ftr-421	227	4	may	may	AUX
ftr-421	227	5	be	be	AUX
ftr-421	227	6	economically	economically	ADV
ftr-421	227	7	meaningless	meaningless	ADJ
ftr-421	227	8	because	because	SCONJ
ftr-421	227	9	no	no	DET
ftr-421	227	10	actual	actual	ADJ
ftr-421	227	11	market	market	NOUN
ftr-421	227	12	exists	exist	VERB
ftr-421	227	13	for	for	ADP
ftr-421	227	14	sales	sale	NOUN
ftr-421	227	15	of	of	ADP
ftr-421	227	16	comparable	comparable	ADJ
ftr-421	227	17	discounted	discount	VERB
ftr-421	227	18	interests	interest	NOUN
ftr-421	227	19	and	and	CCONJ
ftr-421	227	20	the	the	DET
ftr-421	227	21	shifted	shift	VERB
ftr-421	227	22	value	value	NOUN
ftr-421	227	23	merely	merely	ADV
ftr-421	227	24	reappears	reappear	VERB
ftr-421	227	25	in	in	ADP
ftr-421	227	26	a	a	DET
ftr-421	227	27	related	related	ADJ
ftr-421	227	28	party	party	NOUN
ftr-421	227	29	’s	’s	PART
ftr-421	227	30	capital	capital	NOUN
ftr-421	227	31	account	account	NOUN
ftr-421	227	32	.	.	PUNCT
ftr-421	228	1	c.	c.	NOUN
ftr-421	228	2	purchase	purchase	NOUN
ftr-421	228	3	from	from	ADP
ftr-421	228	4	partnership	partnership	NOUN
ftr-421	228	5	as	as	SCONJ
ftr-421	228	6	exemplified	exemplify	VERB
ftr-421	228	7	by	by	ADP
ftr-421	228	8	the	the	DET
ftr-421	228	9	family	family	NOUN
ftr-421	228	10	partnership	partnership	NOUN
ftr-421	228	11	transaction	transaction	NOUN
ftr-421	228	12	,	,	PUNCT
ftr-421	228	13	the	the	DET
ftr-421	228	14	allowance	allowance	NOUN
ftr-421	228	15	of	of	ADP
ftr-421	228	16	discounts	discount	NOUN
ftr-421	228	17	in	in	ADP
ftr-421	228	18	connection	connection	NOUN
ftr-421	228	19	with	with	ADP
ftr-421	228	20	gifts	gift	NOUN
ftr-421	228	21	of	of	ADP
ftr-421	228	22	partnership	partnership	NOUN
ftr-421	228	23	interests	interest	NOUN
ftr-421	228	24	has	have	AUX
ftr-421	228	25	become	become	VERB
ftr-421	228	26	quite	quite	ADV
ftr-421	228	27	routine	routine	ADJ
ftr-421	228	28	.	.	PUNCT
ftr-421	229	1	until	until	ADP
ftr-421	229	2	recently	recently	ADV
ftr-421	229	3	,	,	PUNCT
ftr-421	229	4	there	there	PRON
ftr-421	229	5	was	be	VERB
ftr-421	229	6	considerable	considerable	ADJ
ftr-421	229	7	uncertainty	uncertainty	NOUN
ftr-421	229	8	concerning	concern	VERB
ftr-421	229	9	the	the	DET
ftr-421	229	10	34	34	NUM
ftr-421	229	11	.	.	PUNCT
ftr-421	230	1	the	the	DET
ftr-421	230	2	shortfall	shortfall	NOUN
ftr-421	230	3	in	in	ADP
ftr-421	230	4	inside	inside	ADJ
ftr-421	230	5	value	value	NOUN
ftr-421	230	6	(	(	PUNCT
ftr-421	230	7	$	$	SYM
ftr-421	230	8	16.50	16.50	NUM
ftr-421	230	9	)	)	PUNCT
ftr-421	230	10	is	be	AUX
ftr-421	230	11	borne	bear	VERB
ftr-421	230	12	two	two	NUM
ftr-421	230	13	thirds	third	NOUN
ftr-421	230	14	by	by	ADP
ftr-421	230	15	a	a	DET
ftr-421	230	16	(	(	PUNCT
ftr-421	230	17	$	$	SYM
ftr-421	230	18	11	11	NUM
ftr-421	230	19	)	)	PUNCT
ftr-421	230	20	and	and	CCONJ
ftr-421	230	21	one	one	NUM
ftr-421	230	22	third	third	NOUN
ftr-421	230	23	by	by	ADP
ftr-421	230	24	d	d	PROPN
ftr-421	230	25	(	(	PUNCT
ftr-421	230	26	$	$	SYM
ftr-421	230	27	5.50	5.50	NUM
ftr-421	230	28	)	)	PUNCT
ftr-421	230	29	.	.	PUNCT
ftr-421	231	1	see	see	VERB
ftr-421	231	2	infra	infra	NOUN
ftr-421	231	3	note	note	VERB
ftr-421	231	4	36	36	NUM
ftr-421	231	5	.	.	NOUN
ftr-421	231	6	35	35	NUM
ftr-421	231	7	.	.	PUNCT
ftr-421	232	1	d	d	PRON
ftr-421	232	2	’s	’s	PART
ftr-421	232	3	discount	discount	NOUN
ftr-421	232	4	would	would	AUX
ftr-421	232	5	be	be	AUX
ftr-421	232	6	diluted	dilute	VERB
ftr-421	232	7	from	from	ADP
ftr-421	232	8	one	one	NUM
ftr-421	232	9	third	third	ADJ
ftr-421	232	10	(	(	PUNCT
ftr-421	232	11	$	$	SYM
ftr-421	232	12	16.50/$49.50	16.50/$49.50	NUM
ftr-421	232	13	)	)	PUNCT
ftr-421	232	14	to	to	ADP
ftr-421	232	15	one	one	NUM
ftr-421	232	16	fourth	fourth	ADJ
ftr-421	232	17	(	(	PUNCT
ftr-421	232	18	$	$	SYM
ftr-421	232	19	11/$44	11/$44	NUM
ftr-421	232	20	)	)	PUNCT
ftr-421	232	21	.	.	PUNCT
ftr-421	233	1	36	36	NUM
ftr-421	233	2	.	.	PUNCT
ftr-421	234	1	a	a	DET
ftr-421	234	2	’s	’s	ADJ
ftr-421	234	3	capital	capital	NOUN
ftr-421	234	4	account	account	NOUN
ftr-421	234	5	(	(	PUNCT
ftr-421	234	6	$	$	SYM
ftr-421	234	7	82.50	82.50	NUM
ftr-421	234	8	)	)	PUNCT
ftr-421	234	9	represents	represent	VERB
ftr-421	234	10	the	the	DET
ftr-421	234	11	undiscounted	undiscounted	ADJ
ftr-421	234	12	value	value	NOUN
ftr-421	234	13	of	of	ADP
ftr-421	234	14	a	a	DET
ftr-421	234	15	’s	’s	NOUN
ftr-421	234	16	initial	initial	ADJ
ftr-421	234	17	contribution	contribution	NOUN
ftr-421	234	18	(	(	PUNCT
ftr-421	234	19	$	$	SYM
ftr-421	234	20	99	99	NUM
ftr-421	234	21	)	)	PUNCT
ftr-421	234	22	less	less	ADJ
ftr-421	234	23	the	the	DET
ftr-421	234	24	capital	capital	NOUN
ftr-421	234	25	shifted	shift	VERB
ftr-421	234	26	to	to	ADP
ftr-421	234	27	d	d	PROPN
ftr-421	234	28	(	(	PUNCT
ftr-421	234	29	$	$	SYM
ftr-421	234	30	16.50	16.50	NUM
ftr-421	234	31	)	)	PUNCT
ftr-421	234	32	.	.	PUNCT
ftr-421	235	1	the	the	DET
ftr-421	235	2	partners	partner	NOUN
ftr-421	235	3	’	'	PUNCT
ftr-421	235	4	capital	capital	NOUN
ftr-421	235	5	accounts	account	NOUN
ftr-421	235	6	are	be	AUX
ftr-421	235	7	no	no	ADV
ftr-421	235	8	longer	long	ADV
ftr-421	235	9	proportionate	proportionate	ADJ
ftr-421	235	10	to	to	ADP
ftr-421	235	11	their	their	PRON
ftr-421	235	12	percentage	percentage	NOUN
ftr-421	235	13	interests	interest	NOUN
ftr-421	235	14	in	in	ADP
ftr-421	235	15	the	the	DET
ftr-421	235	16	partnership	partnership	NOUN
ftr-421	235	17	,	,	PUNCT
ftr-421	235	18	however	however	ADV
ftr-421	235	19	,	,	PUNCT
ftr-421	235	20	since	since	SCONJ
ftr-421	235	21	the	the	DET
ftr-421	235	22	shortfall	shortfall	NOUN
ftr-421	235	23	in	in	ADP
ftr-421	235	24	inside	inside	ADJ
ftr-421	235	25	value	value	NOUN
ftr-421	235	26	is	be	AUX
ftr-421	235	27	borne	bear	VERB
ftr-421	235	28	entirely	entirely	ADV
ftr-421	235	29	by	by	ADP
ftr-421	235	30	a.	a.	NOUN
ftr-421	235	31	if	if	SCONJ
ftr-421	235	32	d	d	PROPN
ftr-421	235	33	’s	’s	ADJ
ftr-421	235	34	capital	capital	NOUN
ftr-421	235	35	account	account	NOUN
ftr-421	235	36	is	be	AUX
ftr-421	235	37	$	$	SYM
ftr-421	235	38	49.50	49.50	NUM
ftr-421	235	39	,	,	PUNCT
ftr-421	235	40	the	the	DET
ftr-421	235	41	implied	imply	VERB
ftr-421	235	42	value	value	NOUN
ftr-421	235	43	of	of	ADP
ftr-421	235	44	the	the	DET
ftr-421	235	45	total	total	ADJ
ftr-421	235	46	limited	limited	ADJ
ftr-421	235	47	partnership	partnership	NOUN
ftr-421	235	48	interests	interest	NOUN
ftr-421	235	49	is	be	AUX
ftr-421	235	50	$	$	SYM
ftr-421	235	51	148.50	148.50	NUM
ftr-421	235	52	(	(	PUNCT
ftr-421	235	53	$	$	SYM
ftr-421	235	54	49.50	49.50	NUM
ftr-421	235	55	×	×	NOUN
ftr-421	235	56	3	3	NUM
ftr-421	235	57	)	)	PUNCT
ftr-421	235	58	,	,	PUNCT
ftr-421	235	59	producing	produce	VERB
ftr-421	235	60	a	a	DET
ftr-421	235	61	$	$	SYM
ftr-421	235	62	16.50	16.50	NUM
ftr-421	235	63	shortfall	shortfall	NOUN
ftr-421	235	64	in	in	ADP
ftr-421	235	65	inside	inside	ADJ
ftr-421	235	66	value	value	NOUN
ftr-421	235	67	(	(	PUNCT
ftr-421	235	68	$	$	SYM
ftr-421	235	69	148.50	148.50	NUM
ftr-421	235	70	less	less	ADJ
ftr-421	235	71	$	$	SYM
ftr-421	235	72	132	132	NUM
ftr-421	235	73	)	)	PUNCT
ftr-421	235	74	.	.	PUNCT
ftr-421	236	1	37	37	NUM
ftr-421	236	2	.	.	PUNCT
ftr-421	237	1	see	see	VERB
ftr-421	237	2	mark	mark	PROPN
ftr-421	237	3	p.	p.	PROPN
ftr-421	237	4	gergen	gergen	PROPN
ftr-421	237	5	,	,	PUNCT
ftr-421	237	6	the	the	DET
ftr-421	237	7	end	end	NOUN
ftr-421	237	8	of	of	ADP
ftr-421	237	9	the	the	DET
ftr-421	237	10	revolution	revolution	NOUN
ftr-421	237	11	in	in	ADP
ftr-421	237	12	partnership	partnership	NOUN
ftr-421	237	13	tax	tax	NOUN
ftr-421	237	14	?	?	PUNCT
ftr-421	237	15	,	,	PUNCT
ftr-421	237	16	56	56	NUM
ftr-421	237	17	smu	smu	PROPN
ftr-421	237	18	l.	l.	PROPN
ftr-421	237	19	rev	rev	PROPN
ftr-421	237	20	.	.	PROPN
ftr-421	237	21	343	343	NUM
ftr-421	237	22	,	,	PUNCT
ftr-421	237	23	356	356	NUM
ftr-421	237	24	(	(	PUNCT
ftr-421	237	25	2003	2003	NUM
ftr-421	237	26	)	)	PUNCT
ftr-421	237	27	(	(	PUNCT
ftr-421	237	28	“	"	PUNCT
ftr-421	237	29	at	at	ADP
ftr-421	237	30	best	well	ADV
ftr-421	237	31	,	,	PUNCT
ftr-421	237	32	the	the	DET
ftr-421	237	33	response	response	NOUN
ftr-421	237	34	to	to	ADP
ftr-421	237	35	discounts	discount	NOUN
ftr-421	237	36	and	and	CCONJ
ftr-421	237	37	options	option	NOUN
ftr-421	237	38	will	will	AUX
ftr-421	237	39	erode	erode	VERB
ftr-421	237	40	the	the	DET
ftr-421	237	41	system	system	NOUN
ftr-421	237	42	’s	’s	PART
ftr-421	237	43	conceptual	conceptual	ADJ
ftr-421	237	44	elegance	elegance	NOUN
ftr-421	237	45	and	and	CCONJ
ftr-421	237	46	require	require	VERB
ftr-421	237	47	more	more	ADJ
ftr-421	237	48	complex	complex	ADJ
ftr-421	237	49	rules	rule	NOUN
ftr-421	237	50	.	.	PUNCT
ftr-421	237	51	.	.	PUNCT
ftr-421	237	52	.	.	PUNCT
ftr-421	237	53	.	.	PUNCT
ftr-421	238	1	the	the	DET
ftr-421	238	2	proliferation	proliferation	NOUN
ftr-421	238	3	of	of	ADP
ftr-421	238	4	ways	way	NOUN
ftr-421	238	5	or	or	CCONJ
ftr-421	238	6	justifications	justification	NOUN
ftr-421	238	7	for	for	ADP
ftr-421	238	8	making	make	VERB
ftr-421	238	9	payoffs	payoff	NOUN
ftr-421	238	10	from	from	ADP
ftr-421	238	11	a	a	DET
ftr-421	238	12	partnership	partnership	NOUN
ftr-421	238	13	that	that	PRON
ftr-421	238	14	differ	differ	VERB
ftr-421	238	15	from	from	ADP
ftr-421	238	16	capital	capital	NOUN
ftr-421	238	17	accounts	account	NOUN
ftr-421	238	18	makes	make	VERB
ftr-421	238	19	it	it	PRON
ftr-421	238	20	difficult	difficult	ADJ
ftr-421	238	21	to	to	PART
ftr-421	238	22	trust	trust	VERB
ftr-421	238	23	how	how	SCONJ
ftr-421	238	24	partners	partner	NOUN
ftr-421	238	25	value	value	VERB
ftr-421	238	26	assets	asset	NOUN
ftr-421	238	27	,	,	PUNCT
ftr-421	238	28	which	which	PRON
ftr-421	238	29	is	be	AUX
ftr-421	238	30	the	the	DET
ftr-421	238	31	linchpin	linchpin	NOUN
ftr-421	238	32	of	of	ADP
ftr-421	238	33	the	the	DET
ftr-421	238	34	system	system	NOUN
ftr-421	238	35	of	of	ADP
ftr-421	238	36	capital	capital	NOUN
ftr-421	238	37	accounts	account	VERB
ftr-421	238	38	analysis	analysis	NOUN
ftr-421	238	39	.	.	PUNCT
ftr-421	238	40	”	"	PUNCT
ftr-421	238	41	)	)	PUNCT
ftr-421	238	42	;	;	PUNCT
ftr-421	238	43	see	see	VERB
ftr-421	238	44	also	also	ADV
ftr-421	238	45	i	i	PROPN
ftr-421	238	46	d.	d.	PROPN
ftr-421	238	47	at	at	ADP
ftr-421	238	48	359	359	NUM
ftr-421	238	49	(	(	PUNCT
ftr-421	238	50	“	"	PUNCT
ftr-421	238	51	there	there	PRON
ftr-421	238	52	also	also	ADV
ftr-421	238	53	will	will	AUX
ftr-421	238	54	be	be	AUX
ftr-421	238	55	vexing	vex	VERB
ftr-421	238	56	technical	technical	ADJ
ftr-421	238	57	issues	issue	NOUN
ftr-421	238	58	in	in	ADP
ftr-421	238	59	translating	translate	VERB
ftr-421	238	60	an	an	DET
ftr-421	238	61	interest	interest	NOUN
ftr-421	238	62	in	in	ADP
ftr-421	238	63	a	a	DET
ftr-421	238	64	partnership	partnership	NOUN
ftr-421	238	65	into	into	ADP
ftr-421	238	66	an	an	DET
ftr-421	238	67	interest	interest	NOUN
ftr-421	238	68	in	in	ADP
ftr-421	238	69	assets	asset	NOUN
ftr-421	238	70	.	.	PUNCT
ftr-421	238	71	”	"	PUNCT
ftr-421	238	72	)	)	PUNCT
ftr-421	238	73	.	.	PUNCT
ftr-421	239	1	cf	cf	NOUN
ftr-421	239	2	.	.	PUNCT
ftr-421	240	1	lawrence	lawrence	PROPN
ftr-421	240	2	lokken	lokken	PROPN
ftr-421	240	3	,	,	PUNCT
ftr-421	240	4	as	as	SCONJ
ftr-421	240	5	the	the	DET
ftr-421	240	6	world	world	NOUN
ftr-421	240	7	of	of	ADP
ftr-421	240	8	partnership	partnership	NOUN
ftr-421	240	9	taxation	taxation	NOUN
ftr-421	240	10	turns	turn	VERB
ftr-421	240	11	,	,	PUNCT
ftr-421	240	12	56	56	NUM
ftr-421	240	13	smu	smu	PROPN
ftr-421	240	14	l.	l.	PROPN
ftr-421	240	15	rev	rev	PROPN
ftr-421	240	16	.	.	PROPN
ftr-421	240	17	365	365	NUM
ftr-421	240	18	,	,	PUNCT
ftr-421	240	19	373	373	NUM
ftr-421	240	20	-	-	SYM
ftr-421	240	21	376	376	NUM
ftr-421	240	22	(	(	PUNCT
ftr-421	240	23	2003	2003	NUM
ftr-421	240	24	)	)	PUNCT
ftr-421	240	25	(	(	PUNCT
ftr-421	240	26	suggesting	suggest	VERB
ftr-421	240	27	that	that	SCONJ
ftr-421	240	28	the	the	DET
ftr-421	240	29	existing	exist	VERB
ftr-421	240	30	system	system	NOUN
ftr-421	240	31	is	be	AUX
ftr-421	240	32	capable	capable	ADJ
ftr-421	240	33	of	of	ADP
ftr-421	240	34	handling	handle	VERB
ftr-421	240	35	this	this	DET
ftr-421	240	36	phenomenon	phenomenon	NOUN
ftr-421	240	37	)	)	PUNCT
ftr-421	240	38	.	.	PUNCT
ftr-421	241	1	660	660	NUM
ftr-421	241	2	florida	florida	PROPN
ftr-421	241	3	tax	tax	NOUN
ftr-421	241	4	review	review	NOUN
ftr-421	241	5	[	[	X
ftr-421	241	6	vol.6:6	vol.6:6	X
ftr-421	241	7	capital	capital	NOUN
ftr-421	241	8	account	account	NOUN
ftr-421	241	9	treatment	treatment	NOUN
ftr-421	241	10	of	of	ADP
ftr-421	241	11	a	a	DET
ftr-421	241	12	bargain	bargain	NOUN
ftr-421	241	13	issuance	issuance	NOUN
ftr-421	241	14	of	of	ADP
ftr-421	241	15	a	a	DET
ftr-421	241	16	partnership	partnership	NOUN
ftr-421	241	17	interest.38	interest.38	PROPN
ftr-421	241	18	nevertheless	nevertheless	ADV
ftr-421	241	19	,	,	PUNCT
ftr-421	241	20	a	a	DET
ftr-421	241	21	bargain	bargain	NOUN
ftr-421	241	22	issuance	issuance	NOUN
ftr-421	241	23	of	of	ADP
ftr-421	241	24	a	a	DET
ftr-421	241	25	partnership	partnership	NOUN
ftr-421	241	26	interest	interest	NOUN
ftr-421	241	27	may	may	AUX
ftr-421	241	28	be	be	AUX
ftr-421	241	29	structured	structure	VERB
ftr-421	241	30	in	in	ADP
ftr-421	241	31	a	a	DET
ftr-421	241	32	manner	manner	NOUN
ftr-421	241	33	that	that	PRON
ftr-421	241	34	is	be	AUX
ftr-421	241	35	economically	economically	ADV
ftr-421	241	36	equivalent	equivalent	ADJ
ftr-421	241	37	to	to	ADP
ftr-421	241	38	a	a	DET
ftr-421	241	39	transfer	transfer	NOUN
ftr-421	241	40	of	of	ADP
ftr-421	241	41	a	a	DET
ftr-421	241	42	discounted	discount	VERB
ftr-421	241	43	interest	interest	NOUN
ftr-421	241	44	.	.	PUNCT
ftr-421	242	1	recently	recently	ADV
ftr-421	242	2	issued	issue	VERB
ftr-421	242	3	proposed	propose	VERB
ftr-421	242	4	regulations	regulation	NOUN
ftr-421	242	5	provide	provide	VERB
ftr-421	242	6	guidance	guidance	NOUN
ftr-421	242	7	on	on	ADP
ftr-421	242	8	how	how	SCONJ
ftr-421	242	9	to	to	PART
ftr-421	242	10	account	account	VERB
ftr-421	242	11	for	for	ADP
ftr-421	242	12	a	a	DET
ftr-421	242	13	capital	capital	NOUN
ftr-421	242	14	shift	shift	NOUN
ftr-421	242	15	resulting	result	VERB
ftr-421	242	16	from	from	ADP
ftr-421	242	17	the	the	DET
ftr-421	242	18	exercise	exercise	NOUN
ftr-421	242	19	of	of	ADP
ftr-421	242	20	a	a	DET
ftr-421	242	21	noncompensatory	noncompensatory	ADJ
ftr-421	242	22	option	option	NOUN
ftr-421	242	23	to	to	PART
ftr-421	242	24	acquire	acquire	VERB
ftr-421	242	25	a	a	DET
ftr-421	242	26	partnership	partnership	NOUN
ftr-421	242	27	interest.39	interest.39	VERB
ftr-421	242	28	assume	assume	VERB
ftr-421	242	29	again	again	ADV
ftr-421	242	30	that	that	SCONJ
ftr-421	242	31	a	a	PRON
ftr-421	242	32	contributes	contribute	VERB
ftr-421	242	33	investment	investment	NOUN
ftr-421	242	34	assets	asset	NOUN
ftr-421	242	35	worth	worth	ADJ
ftr-421	242	36	$	$	SYM
ftr-421	242	37	99	99	NUM
ftr-421	242	38	to	to	ADP
ftr-421	242	39	a	a	DET
ftr-421	242	40	newly	newly	ADV
ftr-421	242	41	formed	form	VERB
ftr-421	242	42	partnership	partnership	NOUN
ftr-421	242	43	for	for	ADP
ftr-421	242	44	a	a	DET
ftr-421	242	45	99	99	NUM
ftr-421	242	46	%	%	NOUN
ftr-421	242	47	limited	limited	ADJ
ftr-421	242	48	partnership	partnership	NOUN
ftr-421	242	49	interest	interest	NOUN
ftr-421	242	50	and	and	CCONJ
ftr-421	242	51	x	x	NOUN
ftr-421	242	52	,	,	PUNCT
ftr-421	242	53	a	a	DET
ftr-421	242	54	corporation	corporation	NOUN
ftr-421	242	55	owned	own	VERB
ftr-421	242	56	equally	equally	ADV
ftr-421	242	57	by	by	ADP
ftr-421	242	58	b	b	PROPN
ftr-421	242	59	and	and	CCONJ
ftr-421	242	60	c	c	NOUN
ftr-421	242	61	,	,	PUNCT
ftr-421	242	62	contributes	contribute	VERB
ftr-421	242	63	$	$	SYM
ftr-421	242	64	1	1	NUM
ftr-421	242	65	in	in	ADP
ftr-421	242	66	exchange	exchange	NOUN
ftr-421	242	67	for	for	ADP
ftr-421	242	68	a	a	DET
ftr-421	242	69	1	1	NUM
ftr-421	242	70	%	%	NOUN
ftr-421	242	71	general	general	ADJ
ftr-421	242	72	partnership	partnership	NOUN
ftr-421	242	73	interest	interest	NOUN
ftr-421	242	74	.	.	PUNCT
ftr-421	243	1	subsequently	subsequently	ADV
ftr-421	243	2	,	,	PUNCT
ftr-421	243	3	the	the	DET
ftr-421	243	4	partners	partner	NOUN
ftr-421	243	5	agree	agree	VERB
ftr-421	243	6	to	to	PART
ftr-421	243	7	admit	admit	VERB
ftr-421	243	8	d	d	PROPN
ftr-421	243	9	as	as	ADP
ftr-421	243	10	a	a	DET
ftr-421	243	11	33	33	NUM
ftr-421	243	12	%	%	NOUN
ftr-421	243	13	limited	limited	ADJ
ftr-421	243	14	partner	partner	NOUN
ftr-421	243	15	in	in	ADP
ftr-421	243	16	exchange	exchange	NOUN
ftr-421	243	17	for	for	ADP
ftr-421	243	18	a	a	DET
ftr-421	243	19	capital	capital	NOUN
ftr-421	243	20	contribution	contribution	NOUN
ftr-421	243	21	of	of	ADP
ftr-421	243	22	$	$	SYM
ftr-421	243	23	33	33	NUM
ftr-421	243	24	,	,	PUNCT
ftr-421	243	25	$	$	SYM
ftr-421	243	26	11	11	NUM
ftr-421	243	27	less	less	ADJ
ftr-421	243	28	than	than	ADP
ftr-421	243	29	d	d	NOUN
ftr-421	243	30	’s	’s	ADJ
ftr-421	243	31	one	one	NUM
ftr-421	243	32	-	-	PUNCT
ftr-421	243	33	third	third	NOUN
ftr-421	243	34	share	share	NOUN
ftr-421	243	35	(	(	PUNCT
ftr-421	243	36	$	$	SYM
ftr-421	243	37	44	44	NUM
ftr-421	243	38	)	)	PUNCT
ftr-421	243	39	of	of	ADP
ftr-421	243	40	the	the	DET
ftr-421	243	41	total	total	ADJ
ftr-421	243	42	partnership	partnership	NOUN
ftr-421	243	43	capital	capital	NOUN
ftr-421	243	44	attributable	attributable	ADJ
ftr-421	243	45	to	to	ADP
ftr-421	243	46	the	the	DET
ftr-421	243	47	combined	combine	VERB
ftr-421	243	48	limited	limited	ADJ
ftr-421	243	49	partnership	partnership	NOUN
ftr-421	243	50	interests	interest	NOUN
ftr-421	243	51	immediately	immediately	ADV
ftr-421	243	52	after	after	ADP
ftr-421	243	53	d	d	PROPN
ftr-421	243	54	’s	’s	PART
ftr-421	243	55	admission	admission	NOUN
ftr-421	243	56	(	(	PUNCT
ftr-421	243	57	$	$	SYM
ftr-421	243	58	132	132	NUM
ftr-421	243	59	)	)	PUNCT
ftr-421	243	60	.	.	PUNCT
ftr-421	244	1	the	the	DET
ftr-421	244	2	partners	partner	NOUN
ftr-421	244	3	agree	agree	VERB
ftr-421	244	4	to	to	ADP
ftr-421	244	5	the	the	DET
ftr-421	244	6	discounted	discount	VERB
ftr-421	244	7	price	price	NOUN
ftr-421	244	8	based	base	VERB
ftr-421	244	9	on	on	ADP
ftr-421	244	10	the	the	DET
ftr-421	244	11	conclusion	conclusion	NOUN
ftr-421	244	12	that	that	SCONJ
ftr-421	244	13	a	a	DET
ftr-421	244	14	purchaser	purchaser	NOUN
ftr-421	244	15	would	would	AUX
ftr-421	244	16	demand	demand	VERB
ftr-421	244	17	a	a	DET
ftr-421	244	18	25	25	NUM
ftr-421	244	19	%	%	NOUN
ftr-421	244	20	discount	discount	NOUN
ftr-421	244	21	for	for	ADP
ftr-421	244	22	such	such	DET
ftr-421	244	23	a	a	DET
ftr-421	244	24	limited	limited	ADJ
ftr-421	244	25	partnership	partnership	NOUN
ftr-421	244	26	interest	interest	NOUN
ftr-421	244	27	.	.	PUNCT
ftr-421	245	1	in	in	ADP
ftr-421	245	2	connection	connection	NOUN
ftr-421	245	3	with	with	ADP
ftr-421	245	4	d	d	PROPN
ftr-421	245	5	’s	’s	PART
ftr-421	245	6	admission	admission	NOUN
ftr-421	245	7	,	,	PUNCT
ftr-421	245	8	a	a	DET
ftr-421	245	9	’s	’s	ADJ
ftr-421	245	10	capital	capital	NOUN
ftr-421	245	11	account	account	NOUN
ftr-421	245	12	is	be	AUX
ftr-421	245	13	reduced	reduce	VERB
ftr-421	245	14	from	from	ADP
ftr-421	245	15	$	$	SYM
ftr-421	245	16	99	99	NUM
ftr-421	245	17	to	to	PART
ftr-421	245	18	$	$	SYM
ftr-421	245	19	88	88	NUM
ftr-421	245	20	to	to	PART
ftr-421	245	21	reflect	reflect	VERB
ftr-421	245	22	the	the	DET
ftr-421	245	23	$	$	SYM
ftr-421	245	24	11	11	NUM
ftr-421	245	25	capital	capital	NOUN
ftr-421	245	26	shift	shift	NOUN
ftr-421	245	27	to	to	ADP
ftr-421	245	28	d.	d.	PROPN
ftr-421	245	29	if	if	SCONJ
ftr-421	245	30	the	the	DET
ftr-421	245	31	capital	capital	NOUN
ftr-421	245	32	shift	shift	NOUN
ftr-421	245	33	occurred	occur	VERB
ftr-421	245	34	upon	upon	SCONJ
ftr-421	245	35	formation	formation	NOUN
ftr-421	245	36	of	of	ADP
ftr-421	245	37	the	the	DET
ftr-421	245	38	partnership	partnership	NOUN
ftr-421	245	39	,	,	PUNCT
ftr-421	245	40	a	a	PRON
ftr-421	245	41	would	would	AUX
ftr-421	245	42	apparently	apparently	ADV
ftr-421	245	43	be	be	AUX
ftr-421	245	44	treated	treat	VERB
ftr-421	245	45	as	as	ADP
ftr-421	245	46	having	having	AUX
ftr-421	245	47	transferred	transfer	VERB
ftr-421	245	48	a	a	DET
ftr-421	245	49	fractional	fractional	ADJ
ftr-421	245	50	interest	interest	NOUN
ftr-421	245	51	in	in	ADP
ftr-421	245	52	the	the	DET
ftr-421	245	53	underlying	underlie	VERB
ftr-421	245	54	assets	asset	NOUN
ftr-421	245	55	to	to	ADP
ftr-421	245	56	d	d	PROPN
ftr-421	245	57	as	as	ADP
ftr-421	245	58	a	a	DET
ftr-421	245	59	gift.40	gift.40	PROPN
ftr-421	245	60	nevertheless	nevertheless	ADV
ftr-421	245	61	,	,	PUNCT
ftr-421	245	62	if	if	SCONJ
ftr-421	245	63	d	d	PROPN
ftr-421	245	64	acquires	acquire	VERB
ftr-421	245	65	the	the	DET
ftr-421	245	66	identical	identical	ADJ
ftr-421	245	67	interest	interest	NOUN
ftr-421	245	68	in	in	ADP
ftr-421	245	69	partnership	partnership	NOUN
ftr-421	245	70	capital	capital	NOUN
ftr-421	245	71	upon	upon	SCONJ
ftr-421	245	72	transfer	transfer	NOUN
ftr-421	245	73	of	of	ADP
ftr-421	245	74	a	a	DET
ftr-421	245	75	discounted	discount	VERB
ftr-421	245	76	partnership	partnership	NOUN
ftr-421	245	77	interest	interest	NOUN
ftr-421	245	78	,	,	PUNCT
ftr-421	245	79	no	no	DET
ftr-421	245	80	gift	gift	NOUN
ftr-421	245	81	is	be	AUX
ftr-421	245	82	deemed	deem	VERB
ftr-421	245	83	to	to	PART
ftr-421	245	84	occur	occur	VERB
ftr-421	245	85	.	.	PUNCT
ftr-421	246	1	yet	yet	CCONJ
ftr-421	246	2	the	the	DET
ftr-421	246	3	two	two	NUM
ftr-421	246	4	transactions	transaction	NOUN
ftr-421	246	5	are	be	AUX
ftr-421	246	6	economically	economically	ADV
ftr-421	246	7	indistinguishable	indistinguishable	ADJ
ftr-421	246	8	and	and	CCONJ
ftr-421	246	9	both	both	PRON
ftr-421	246	10	should	should	AUX
ftr-421	246	11	be	be	AUX
ftr-421	246	12	analyzed	analyze	VERB
ftr-421	246	13	in	in	ADP
ftr-421	246	14	terms	term	NOUN
ftr-421	246	15	of	of	ADP
ftr-421	246	16	the	the	DET
ftr-421	246	17	underlying	underlying	ADJ
ftr-421	246	18	capital	capital	NOUN
ftr-421	246	19	shift	shift	NOUN
ftr-421	246	20	.	.	PUNCT
ftr-421	247	1	under	under	ADP
ftr-421	247	2	the	the	DET
ftr-421	247	3	proposed	propose	VERB
ftr-421	247	4	regulations	regulation	NOUN
ftr-421	247	5	,	,	PUNCT
ftr-421	247	6	the	the	DET
ftr-421	247	7	exercise	exercise	NOUN
ftr-421	247	8	of	of	ADP
ftr-421	247	9	an	an	DET
ftr-421	247	10	option	option	NOUN
ftr-421	247	11	to	to	PART
ftr-421	247	12	acquire	acquire	VERB
ftr-421	247	13	a	a	DET
ftr-421	247	14	partnership	partnership	NOUN
ftr-421	247	15	interest	interest	NOUN
ftr-421	247	16	is	be	AUX
ftr-421	247	17	treated	treat	VERB
ftr-421	247	18	as	as	ADP
ftr-421	247	19	a	a	DET
ftr-421	247	20	capital	capital	NOUN
ftr-421	247	21	shift	shift	NOUN
ftr-421	247	22	from	from	ADP
ftr-421	247	23	the	the	DET
ftr-421	247	24	historic	historic	ADJ
ftr-421	247	25	partners	partner	NOUN
ftr-421	247	26	to	to	ADP
ftr-421	247	27	the	the	DET
ftr-421	247	28	38	38	NUM
ftr-421	247	29	.	.	PUNCT
ftr-421	248	1	see	see	VERB
ftr-421	248	2	notice	notice	NOUN
ftr-421	248	3	2000	2000	NUM
ftr-421	248	4	-	-	SYM
ftr-421	248	5	29	29	NUM
ftr-421	248	6	,	,	PUNCT
ftr-421	248	7	2000	2000	NUM
ftr-421	248	8	-	-	SYM
ftr-421	248	9	1	1	NUM
ftr-421	248	10	c.b	c.b	PROPN
ftr-421	248	11	.	.	PROPN
ftr-421	248	12	1241	1241	NUM
ftr-421	248	13	(	(	PUNCT
ftr-421	248	14	inviting	invite	VERB
ftr-421	248	15	public	public	ADJ
ftr-421	248	16	comments	comment	NOUN
ftr-421	248	17	concerning	concern	VERB
ftr-421	248	18	the	the	DET
ftr-421	248	19	tax	tax	NOUN
ftr-421	248	20	treatment	treatment	NOUN
ftr-421	248	21	of	of	ADP
ftr-421	248	22	options	option	NOUN
ftr-421	248	23	to	to	PART
ftr-421	248	24	acquire	acquire	VERB
ftr-421	248	25	a	a	DET
ftr-421	248	26	partnership	partnership	NOUN
ftr-421	248	27	interest	interest	NOUN
ftr-421	248	28	and	and	CCONJ
ftr-421	248	29	similar	similar	ADJ
ftr-421	248	30	instruments	instrument	NOUN
ftr-421	248	31	)	)	PUNCT
ftr-421	248	32	.	.	PUNCT
ftr-421	249	1	upon	upon	SCONJ
ftr-421	249	2	exercise	exercise	NOUN
ftr-421	249	3	of	of	ADP
ftr-421	249	4	an	an	DET
ftr-421	249	5	option	option	NOUN
ftr-421	249	6	to	to	PART
ftr-421	249	7	acquire	acquire	VERB
ftr-421	249	8	a	a	DET
ftr-421	249	9	partnership	partnership	NOUN
ftr-421	249	10	interest	interest	NOUN
ftr-421	249	11	,	,	PUNCT
ftr-421	249	12	the	the	DET
ftr-421	249	13	§	§	PROPN
ftr-421	249	14	721	721	NUM
ftr-421	249	15	regulations	regulation	NOUN
ftr-421	249	16	might	might	AUX
ftr-421	249	17	be	be	AUX
ftr-421	249	18	construed	construe	VERB
ftr-421	249	19	as	as	ADP
ftr-421	249	20	requiring	require	VERB
ftr-421	249	21	recognition	recognition	NOUN
ftr-421	249	22	of	of	ADP
ftr-421	249	23	gain	gain	NOUN
ftr-421	249	24	as	as	ADP
ftr-421	249	25	a	a	DET
ftr-421	249	26	result	result	NOUN
ftr-421	249	27	of	of	ADP
ftr-421	249	28	the	the	DET
ftr-421	249	29	capital	capital	NOUN
ftr-421	249	30	shift	shift	NOUN
ftr-421	249	31	from	from	ADP
ftr-421	249	32	the	the	DET
ftr-421	249	33	historic	historic	ADJ
ftr-421	249	34	partners	partner	NOUN
ftr-421	249	35	to	to	ADP
ftr-421	249	36	the	the	DET
ftr-421	249	37	option	option	NOUN
ftr-421	249	38	holder	holder	NOUN
ftr-421	249	39	.	.	PUNCT
ftr-421	250	1	see	see	VERB
ftr-421	250	2	regs	reg	NOUN
ftr-421	250	3	.	.	PUNCT
ftr-421	251	1	§	§	PROPN
ftr-421	251	2	1.721	1.721	NUM
ftr-421	251	3	-	-	SYM
ftr-421	251	4	1(b)(1	1(b)(1	NUM
ftr-421	251	5	)	)	PUNCT
ftr-421	251	6	(	(	PUNCT
ftr-421	251	7	denying	deny	VERB
ftr-421	251	8	§	§	PROPN
ftr-421	251	9	721	721	NUM
ftr-421	251	10	treatment	treatment	NOUN
ftr-421	251	11	to	to	ADP
ftr-421	251	12	the	the	DET
ftr-421	251	13	extent	extent	NOUN
ftr-421	251	14	that	that	SCONJ
ftr-421	251	15	a	a	DET
ftr-421	251	16	partner	partner	NOUN
ftr-421	251	17	gives	give	VERB
ftr-421	251	18	up	up	ADP
ftr-421	251	19	his	his	PRON
ftr-421	251	20	right	right	NOUN
ftr-421	251	21	to	to	PART
ftr-421	251	22	be	be	AUX
ftr-421	251	23	repaid	repay	VERB
ftr-421	251	24	all	all	PRON
ftr-421	251	25	or	or	CCONJ
ftr-421	251	26	a	a	DET
ftr-421	251	27	portion	portion	NOUN
ftr-421	251	28	of	of	ADP
ftr-421	251	29	his	his	PRON
ftr-421	251	30	capital	capital	NOUN
ftr-421	251	31	contribution	contribution	NOUN
ftr-421	251	32	in	in	ADP
ftr-421	251	33	favor	favor	NOUN
ftr-421	251	34	of	of	ADP
ftr-421	251	35	another	another	DET
ftr-421	251	36	partner	partner	NOUN
ftr-421	251	37	“	"	PUNCT
ftr-421	251	38	as	as	ADP
ftr-421	251	39	compensation	compensation	NOUN
ftr-421	251	40	for	for	ADP
ftr-421	251	41	services	service	NOUN
ftr-421	251	42	(	(	PUNCT
ftr-421	251	43	or	or	CCONJ
ftr-421	251	44	in	in	ADP
ftr-421	251	45	satisfaction	satisfaction	NOUN
ftr-421	251	46	of	of	ADP
ftr-421	251	47	an	an	DET
ftr-421	251	48	obligation	obligation	NOUN
ftr-421	251	49	)	)	PUNCT
ftr-421	251	50	”	"	PUNCT
ftr-421	251	51	)	)	PUNCT
ftr-421	251	52	.	.	PUNCT
ftr-421	252	1	in	in	ADP
ftr-421	252	2	the	the	DET
ftr-421	252	3	case	case	NOUN
ftr-421	252	4	of	of	ADP
ftr-421	252	5	noncompensatory	noncompensatory	ADJ
ftr-421	252	6	options	option	NOUN
ftr-421	252	7	,	,	PUNCT
ftr-421	252	8	commentators	commentator	NOUN
ftr-421	252	9	offered	offer	VERB
ftr-421	252	10	various	various	ADJ
ftr-421	252	11	rationales	rationale	NOUN
ftr-421	252	12	for	for	ADP
ftr-421	252	13	nonrecognition	nonrecognition	NOUN
ftr-421	252	14	treatment	treatment	NOUN
ftr-421	252	15	of	of	ADP
ftr-421	252	16	both	both	CCONJ
ftr-421	252	17	the	the	DET
ftr-421	252	18	historic	historic	ADJ
ftr-421	252	19	partners	partner	NOUN
ftr-421	252	20	and	and	CCONJ
ftr-421	252	21	the	the	DET
ftr-421	252	22	option	option	NOUN
ftr-421	252	23	holder	holder	NOUN
ftr-421	252	24	.	.	PUNCT
ftr-421	253	1	see	see	VERB
ftr-421	253	2	generally	generally	ADV
ftr-421	253	3	simon	simon	PROPN
ftr-421	253	4	friedman	friedman	PROPN
ftr-421	253	5	,	,	PUNCT
ftr-421	253	6	partnership	partnership	NOUN
ftr-421	253	7	securities	security	NOUN
ftr-421	253	8	,	,	PUNCT
ftr-421	253	9	1	1	NUM
ftr-421	253	10	fla	fla	NOUN
ftr-421	253	11	.	.	PUNCT
ftr-421	254	1	tax	tax	PROPN
ftr-421	254	2	rev	rev	PROPN
ftr-421	254	3	.	.	PROPN
ftr-421	254	4	521	521	NUM
ftr-421	254	5	(	(	PUNCT
ftr-421	254	6	1993	1993	NUM
ftr-421	254	7	)	)	PUNCT
ftr-421	254	8	;	;	PUNCT
ftr-421	254	9	sherwin	sherwin	PROPN
ftr-421	254	10	kamin	kamin	PROPN
ftr-421	254	11	,	,	PUNCT
ftr-421	254	12	partnership	partnership	NOUN
ftr-421	254	13	options	option	NOUN
ftr-421	254	14	–	–	PUNCT
ftr-421	254	15	a	a	DET
ftr-421	254	16	modified	modified	ADJ
ftr-421	254	17	aggregate	aggregate	NOUN
ftr-421	254	18	theory	theory	NOUN
ftr-421	254	19	,	,	PUNCT
ftr-421	254	20	91	91	NUM
ftr-421	254	21	tax	tax	NOUN
ftr-421	254	22	notes	note	NOUN
ftr-421	254	23	975	975	NUM
ftr-421	254	24	(	(	PUNCT
ftr-421	254	25	may	may	PROPN
ftr-421	254	26	7	7	NUM
ftr-421	254	27	,	,	PUNCT
ftr-421	254	28	2001	2001	NUM
ftr-421	254	29	)	)	PUNCT
ftr-421	254	30	;	;	PUNCT
ftr-421	254	31	new	new	PROPN
ftr-421	254	32	york	york	PROPN
ftr-421	254	33	state	state	PROPN
ftr-421	254	34	bar	bar	PROPN
ftr-421	254	35	ass’n	ass’n	NOUN
ftr-421	254	36	tax	tax	NOUN
ftr-421	254	37	section	section	NOUN
ftr-421	254	38	,	,	PUNCT
ftr-421	254	39	taxation	taxation	NOUN
ftr-421	254	40	of	of	ADP
ftr-421	254	41	partnership	partnership	NOUN
ftr-421	254	42	options	option	NOUN
ftr-421	254	43	and	and	CCONJ
ftr-421	254	44	convertible	convertible	ADJ
ftr-421	254	45	securities	security	NOUN
ftr-421	254	46	,	,	PUNCT
ftr-421	254	47	94	94	NUM
ftr-421	254	48	tax	tax	NOUN
ftr-421	254	49	notes	note	NOUN
ftr-421	254	50	1179	1179	NUM
ftr-421	254	51	(	(	PUNCT
ftr-421	254	52	mar	mar	PROPN
ftr-421	254	53	.	.	PROPN
ftr-421	254	54	4	4	NUM
ftr-421	254	55	,	,	PUNCT
ftr-421	254	56	2002	2002	NUM
ftr-421	254	57	)	)	PUNCT
ftr-421	255	1	[	[	X
ftr-421	255	2	hereinafter	hereinafter	NOUN
ftr-421	255	3	nysba	nysba	NOUN
ftr-421	255	4	report	report	NOUN
ftr-421	255	5	]	]	X
ftr-421	255	6	.	.	PUNCT
ftr-421	256	1	39	39	NUM
ftr-421	256	2	.	.	PUNCT
ftr-421	257	1	the	the	DET
ftr-421	257	2	regulations	regulation	NOUN
ftr-421	257	3	do	do	AUX
ftr-421	257	4	not	not	PART
ftr-421	257	5	address	address	VERB
ftr-421	257	6	the	the	DET
ftr-421	257	7	treatment	treatment	NOUN
ftr-421	257	8	of	of	ADP
ftr-421	257	9	options	option	NOUN
ftr-421	257	10	and	and	CCONJ
ftr-421	257	11	similar	similar	ADJ
ftr-421	257	12	instruments	instrument	NOUN
ftr-421	257	13	issued	issue	VERB
ftr-421	257	14	in	in	ADP
ftr-421	257	15	connection	connection	NOUN
ftr-421	257	16	with	with	ADP
ftr-421	257	17	the	the	DET
ftr-421	257	18	performance	performance	NOUN
ftr-421	257	19	of	of	ADP
ftr-421	257	20	services	service	NOUN
ftr-421	257	21	.	.	PUNCT
ftr-421	258	1	see	see	VERB
ftr-421	258	2	reg-103580	reg-103580	NOUN
ftr-421	258	3	-	-	PUNCT
ftr-421	258	4	02	02	NUM
ftr-421	258	5	,	,	PUNCT
ftr-421	258	6	noncompensatory	noncompensatory	ADJ
ftr-421	258	7	partnership	partnership	NOUN
ftr-421	258	8	options	option	NOUN
ftr-421	258	9	,	,	PUNCT
ftr-421	258	10	2003	2003	NUM
ftr-421	258	11	-	-	SYM
ftr-421	258	12	9	9	NUM
ftr-421	258	13	i.r.b	i.r.b	NOUN
ftr-421	258	14	.	.	PUNCT
ftr-421	259	1	543	543	NUM
ftr-421	259	2	,	,	PUNCT
ftr-421	259	3	543	543	NUM
ftr-421	259	4	[	[	X
ftr-421	259	5	hereinafter	hereinafter	NOUN
ftr-421	259	6	preamble	preamble	NOUN
ftr-421	259	7	]	]	X
ftr-421	259	8	.	.	PUNCT
ftr-421	260	1	40	40	NUM
ftr-421	260	2	.	.	PUNCT
ftr-421	261	1	see	see	VERB
ftr-421	261	2	supra	supra	PROPN
ftr-421	261	3	notes	note	VERB
ftr-421	261	4	9	9	NUM
ftr-421	261	5	-	-	SYM
ftr-421	261	6	12	12	NUM
ftr-421	261	7	and	and	CCONJ
ftr-421	261	8	accompanying	accompany	VERB
ftr-421	261	9	text	text	NOUN
ftr-421	261	10	.	.	PUNCT
ftr-421	262	1	2004	2004	NUM
ftr-421	262	2	]	]	PUNCT
ftr-421	262	3	family	family	NOUN
ftr-421	262	4	limited	limit	VERB
ftr-421	262	5	partnerships	partnership	NOUN
ftr-421	262	6	661	661	NUM
ftr-421	262	7	option	option	NOUN
ftr-421	262	8	holder	holder	NOUN
ftr-421	262	9	who	who	PRON
ftr-421	262	10	acquires	acquire	VERB
ftr-421	262	11	a	a	DET
ftr-421	262	12	bargain	bargain	NOUN
ftr-421	262	13	partnership	partnership	NOUN
ftr-421	262	14	interest	interest	NOUN
ftr-421	262	15	.	.	PUNCT
ftr-421	263	1	typically	typically	ADV
ftr-421	263	2	,	,	PUNCT
ftr-421	263	3	the41	the41	NOUN
ftr-421	263	4	option	option	NOUN
ftr-421	263	5	holder	holder	NOUN
ftr-421	263	6	pays	pay	VERB
ftr-421	263	7	a	a	DET
ftr-421	263	8	premium	premium	NOUN
ftr-421	263	9	for	for	ADP
ftr-421	263	10	the	the	DET
ftr-421	263	11	option	option	NOUN
ftr-421	263	12	and	and	CCONJ
ftr-421	263	13	is	be	AUX
ftr-421	263	14	entitled	entitle	VERB
ftr-421	263	15	to	to	PART
ftr-421	263	16	receive	receive	VERB
ftr-421	263	17	a	a	DET
ftr-421	263	18	partnership	partnership	NOUN
ftr-421	263	19	interest	interest	NOUN
ftr-421	263	20	upon	upon	SCONJ
ftr-421	263	21	payment	payment	NOUN
ftr-421	263	22	of	of	ADP
ftr-421	263	23	the	the	DET
ftr-421	263	24	exercise	exercise	NOUN
ftr-421	263	25	price	price	NOUN
ftr-421	263	26	to	to	ADP
ftr-421	263	27	the	the	DET
ftr-421	263	28	partnership	partnership	NOUN
ftr-421	263	29	.	.	PUNCT
ftr-421	264	1	the	the	DET
ftr-421	264	2	option	option	NOUN
ftr-421	264	3	privilege	privilege	NOUN
ftr-421	264	4	has	have	VERB
ftr-421	264	5	value	value	NOUN
ftr-421	264	6	because	because	SCONJ
ftr-421	264	7	it	it	PRON
ftr-421	264	8	represents	represent	VERB
ftr-421	264	9	the	the	DET
ftr-421	264	10	opportunity	opportunity	NOUN
ftr-421	264	11	to	to	PART
ftr-421	264	12	benefit	benefit	VERB
ftr-421	264	13	from	from	ADP
ftr-421	264	14	any	any	DET
ftr-421	264	15	appreciation	appreciation	NOUN
ftr-421	264	16	in	in	ADP
ftr-421	264	17	the	the	DET
ftr-421	264	18	value	value	NOUN
ftr-421	264	19	of	of	ADP
ftr-421	264	20	the	the	DET
ftr-421	264	21	property	property	NOUN
ftr-421	264	22	subject	subject	NOUN
ftr-421	264	23	to	to	ADP
ftr-421	264	24	the	the	DET
ftr-421	264	25	option	option	NOUN
ftr-421	264	26	,	,	PUNCT
ftr-421	264	27	without	without	ADP
ftr-421	264	28	risking	risk	VERB
ftr-421	264	29	any	any	DET
ftr-421	264	30	capital	capital	NOUN
ftr-421	264	31	.	.	PUNCT
ftr-421	265	1	thus	thus	ADV
ftr-421	265	2	,	,	PUNCT
ftr-421	265	3	the	the	DET
ftr-421	265	4	fair	fair	ADJ
ftr-421	265	5	market	market	NOUN
ftr-421	265	6	value	value	NOUN
ftr-421	265	7	of	of	ADP
ftr-421	265	8	an	an	DET
ftr-421	265	9	option	option	NOUN
ftr-421	265	10	includes	include	VERB
ftr-421	265	11	not	not	PART
ftr-421	265	12	only42	only42	ADV
ftr-421	265	13	any	any	DET
ftr-421	265	14	value	value	NOUN
ftr-421	265	15	inherent	inherent	ADJ
ftr-421	265	16	in	in	ADP
ftr-421	265	17	the	the	DET
ftr-421	265	18	option	option	NOUN
ftr-421	265	19	at	at	ADP
ftr-421	265	20	the	the	DET
ftr-421	265	21	time	time	NOUN
ftr-421	265	22	of	of	ADP
ftr-421	265	23	grant	grant	NOUN
ftr-421	265	24	(	(	PUNCT
ftr-421	265	25	i.e.	i.e.	X
ftr-421	265	26	,	,	PUNCT
ftr-421	265	27	the	the	DET
ftr-421	265	28	difference	difference	NOUN
ftr-421	265	29	between	between	ADP
ftr-421	265	30	the	the	DET
ftr-421	265	31	current	current	ADJ
ftr-421	265	32	value	value	NOUN
ftr-421	265	33	of	of	ADP
ftr-421	265	34	the	the	DET
ftr-421	265	35	property	property	NOUN
ftr-421	265	36	subject	subject	NOUN
ftr-421	265	37	to	to	ADP
ftr-421	265	38	the	the	DET
ftr-421	265	39	option	option	NOUN
ftr-421	265	40	and	and	CCONJ
ftr-421	265	41	the	the	DET
ftr-421	265	42	exercise	exercise	NOUN
ftr-421	265	43	price	price	NOUN
ftr-421	265	44	)	)	PUNCT
ftr-421	265	45	but	but	CCONJ
ftr-421	265	46	also	also	ADV
ftr-421	265	47	the	the	DET
ftr-421	265	48	value	value	NOUN
ftr-421	265	49	of	of	ADP
ftr-421	265	50	the	the	DET
ftr-421	265	51	option	option	NOUN
ftr-421	265	52	privilege	privilege	NOUN
ftr-421	265	53	for	for	ADP
ftr-421	265	54	the	the	DET
ftr-421	265	55	remaining	remain	VERB
ftr-421	265	56	period	period	NOUN
ftr-421	265	57	until	until	SCONJ
ftr-421	265	58	exercise.43	exercise.43	NOUN
ftr-421	265	59	the	the	DET
ftr-421	265	60	option	option	NOUN
ftr-421	265	61	holder	holder	NOUN
ftr-421	265	62	will	will	AUX
ftr-421	265	63	normally	normally	ADV
ftr-421	265	64	exercise	exercise	VERB
ftr-421	265	65	the	the	DET
ftr-421	265	66	option	option	NOUN
ftr-421	265	67	only	only	ADV
ftr-421	265	68	if	if	SCONJ
ftr-421	265	69	he	he	PRON
ftr-421	265	70	would	would	AUX
ftr-421	265	71	be	be	AUX
ftr-421	265	72	entitled	entitle	VERB
ftr-421	265	73	to	to	PART
ftr-421	265	74	receive	receive	VERB
ftr-421	265	75	an	an	DET
ftr-421	265	76	interest	interest	NOUN
ftr-421	265	77	in	in	ADP
ftr-421	265	78	partnership	partnership	NOUN
ftr-421	265	79	capital	capital	NOUN
ftr-421	265	80	in	in	ADP
ftr-421	265	81	excess	excess	NOUN
ftr-421	265	82	of	of	ADP
ftr-421	265	83	the	the	DET
ftr-421	265	84	amount	amount	NOUN
ftr-421	265	85	of	of	ADP
ftr-421	265	86	the	the	DET
ftr-421	265	87	option	option	NOUN
ftr-421	265	88	premium	premium	NOUN
ftr-421	265	89	and	and	CCONJ
ftr-421	265	90	exercise	exercise	NOUN
ftr-421	265	91	price	price	NOUN
ftr-421	265	92	.	.	PUNCT
ftr-421	266	1	upon	upon	SCONJ
ftr-421	266	2	exercise	exercise	NOUN
ftr-421	266	3	,	,	PUNCT
ftr-421	266	4	the	the	DET
ftr-421	266	5	option	option	NOUN
ftr-421	266	6	holder	holder	NOUN
ftr-421	266	7	is	be	AUX
ftr-421	266	8	in	in	ADP
ftr-421	266	9	the	the	DET
ftr-421	266	10	same	same	ADJ
ftr-421	266	11	position	position	NOUN
ftr-421	266	12	as	as	ADP
ftr-421	266	13	a	a	DET
ftr-421	266	14	partner	partner	NOUN
ftr-421	266	15	who	who	PRON
ftr-421	266	16	acquires	acquire	VERB
ftr-421	266	17	a	a	DET
ftr-421	266	18	bargain	bargain	NOUN
ftr-421	266	19	interest	interest	NOUN
ftr-421	266	20	from	from	ADP
ftr-421	266	21	the	the	DET
ftr-421	266	22	partnership	partnership	NOUN
ftr-421	266	23	which	which	PRON
ftr-421	266	24	reflects	reflect	VERB
ftr-421	266	25	market	market	NOUN
ftr-421	266	26	discount	discount	NOUN
ftr-421	266	27	.	.	PUNCT
ftr-421	267	1	in	in	ADP
ftr-421	267	2	both	both	DET
ftr-421	267	3	situations	situation	NOUN
ftr-421	267	4	,	,	PUNCT
ftr-421	267	5	the	the	DET
ftr-421	267	6	acquiror	acquiror	NOUN
ftr-421	267	7	obtains	obtain	VERB
ftr-421	267	8	a	a	DET
ftr-421	267	9	partnership	partnership	NOUN
ftr-421	267	10	interest	interest	NOUN
ftr-421	267	11	in	in	ADP
ftr-421	267	12	exchange	exchange	NOUN
ftr-421	267	13	for	for	ADP
ftr-421	267	14	a	a	DET
ftr-421	267	15	capital	capital	NOUN
ftr-421	267	16	contribution	contribution	NOUN
ftr-421	267	17	that	that	PRON
ftr-421	267	18	is	be	AUX
ftr-421	267	19	less	less	ADJ
ftr-421	267	20	than	than	ADP
ftr-421	267	21	a	a	DET
ftr-421	267	22	ratable	ratable	ADJ
ftr-421	267	23	share	share	NOUN
ftr-421	267	24	of	of	ADP
ftr-421	267	25	the	the	DET
ftr-421	267	26	fair	fair	ADJ
ftr-421	267	27	market	market	NOUN
ftr-421	267	28	value	value	NOUN
ftr-421	267	29	of	of	ADP
ftr-421	267	30	partnership	partnership	NOUN
ftr-421	267	31	assets	asset	NOUN
ftr-421	267	32	to	to	PART
ftr-421	267	33	which	which	PRON
ftr-421	267	34	the	the	DET
ftr-421	267	35	contributor	contributor	NOUN
ftr-421	267	36	would	would	AUX
ftr-421	267	37	be	be	AUX
ftr-421	267	38	entitled	entitle	VERB
ftr-421	267	39	upon	upon	SCONJ
ftr-421	267	40	an	an	DET
ftr-421	267	41	immediate	immediate	ADJ
ftr-421	267	42	liquidation	liquidation	NOUN
ftr-421	267	43	of	of	ADP
ftr-421	267	44	the	the	DET
ftr-421	267	45	partnership	partnership	NOUN
ftr-421	267	46	.	.	PUNCT
ftr-421	268	1	the	the	DET
ftr-421	268	2	market	market	NOUN
ftr-421	268	3	discount	discount	NOUN
ftr-421	268	4	is	be	AUX
ftr-421	268	5	analogous	analogous	ADJ
ftr-421	268	6	to	to	ADP
ftr-421	268	7	the	the	DET
ftr-421	268	8	fair	fair	ADJ
ftr-421	268	9	market	market	NOUN
ftr-421	268	10	value	value	NOUN
ftr-421	268	11	of	of	ADP
ftr-421	268	12	the44	the44	ADJ
ftr-421	268	13	option	option	NOUN
ftr-421	268	14	,	,	PUNCT
ftr-421	268	15	i.e.	i.e.	X
ftr-421	268	16	,	,	PUNCT
ftr-421	268	17	the	the	DET
ftr-421	268	18	difference	difference	NOUN
ftr-421	268	19	between	between	ADP
ftr-421	268	20	the	the	DET
ftr-421	268	21	option	option	NOUN
ftr-421	268	22	holder	holder	NOUN
ftr-421	268	23	’s	’s	PART
ftr-421	268	24	capital	capital	NOUN
ftr-421	268	25	account	account	NOUN
ftr-421	268	26	based	base	VERB
ftr-421	268	27	on	on	ADP
ftr-421	268	28	liquidation	liquidation	NOUN
ftr-421	268	29	value	value	NOUN
ftr-421	268	30	and	and	CCONJ
ftr-421	268	31	the	the	DET
ftr-421	268	32	exercise	exercise	NOUN
ftr-421	268	33	price	price	NOUN
ftr-421	268	34	(	(	PUNCT
ftr-421	268	35	plus	plus	CCONJ
ftr-421	268	36	any	any	DET
ftr-421	268	37	option	option	NOUN
ftr-421	268	38	premium	premium	NOUN
ftr-421	268	39	)	)	PUNCT
ftr-421	268	40	.	.	PUNCT
ftr-421	269	1	in	in	ADP
ftr-421	269	2	the	the	DET
ftr-421	269	3	above	above	ADJ
ftr-421	269	4	example	example	NOUN
ftr-421	269	5	,	,	PUNCT
ftr-421	269	6	the	the	DET
ftr-421	269	7	partnership	partnership	NOUN
ftr-421	269	8	could	could	AUX
ftr-421	269	9	agree	agree	VERB
ftr-421	269	10	to	to	PART
ftr-421	269	11	issue	issue	VERB
ftr-421	269	12	d	d	X
ftr-421	269	13	an	an	DET
ftr-421	269	14	immediately	immediately	ADV
ftr-421	269	15	exercisable	exercisable	ADJ
ftr-421	269	16	option	option	NOUN
ftr-421	269	17	to	to	PART
ftr-421	269	18	acquire	acquire	VERB
ftr-421	269	19	a	a	DET
ftr-421	269	20	33	33	NUM
ftr-421	269	21	%	%	NOUN
ftr-421	269	22	limited	limited	ADJ
ftr-421	269	23	partnership	partnership	NOUN
ftr-421	269	24	interest	interest	NOUN
ftr-421	269	25	for	for	ADP
ftr-421	269	26	an	an	DET
ftr-421	269	27	aggregate	aggregate	ADJ
ftr-421	269	28	option	option	NOUN
ftr-421	269	29	price	price	NOUN
ftr-421	269	30	and	and	CCONJ
ftr-421	269	31	exercise	exercise	NOUN
ftr-421	269	32	price	price	NOUN
ftr-421	269	33	of	of	ADP
ftr-421	269	34	$	$	SYM
ftr-421	269	35	33	33	NUM
ftr-421	269	36	.	.	PUNCT
ftr-421	270	1	(	(	PUNCT
ftr-421	270	2	for	for	ADP
ftr-421	270	3	this	this	DET
ftr-421	270	4	purpose	purpose	NOUN
ftr-421	270	5	,	,	PUNCT
ftr-421	270	6	ignore	ignore	VERB
ftr-421	270	7	any	any	DET
ftr-421	270	8	additional	additional	ADJ
ftr-421	270	9	option	option	NOUN
ftr-421	270	10	premium	premium	NOUN
ftr-421	270	11	that	that	PRON
ftr-421	270	12	d	d	NOUN
ftr-421	270	13	should	should	AUX
ftr-421	270	14	be	be	AUX
ftr-421	270	15	willing	willing	ADJ
ftr-421	270	16	to	to	PART
ftr-421	270	17	pay	pay	VERB
ftr-421	270	18	for	for	ADP
ftr-421	270	19	the	the	DET
ftr-421	270	20	privilege	privilege	NOUN
ftr-421	270	21	of	of	ADP
ftr-421	270	22	deferring	defer	VERB
ftr-421	270	23	exercise	exercise	NOUN
ftr-421	270	24	.	.	PUNCT
ftr-421	270	25	)	)	PUNCT
ftr-421	271	1	suppose	suppose	VERB
ftr-421	271	2	d	d	NOUN
ftr-421	271	3	immediately	immediately	ADV
ftr-421	271	4	exercises	exercise	VERB
ftr-421	271	5	the	the	DET
ftr-421	271	6	option	option	NOUN
ftr-421	271	7	,	,	PUNCT
ftr-421	271	8	entitling	entitle	VERB
ftr-421	271	9	him	he	PRON
ftr-421	271	10	to	to	ADP
ftr-421	271	11	a	a	DET
ftr-421	271	12	capital	capital	NOUN
ftr-421	271	13	account	account	NOUN
ftr-421	271	14	of	of	ADP
ftr-421	271	15	$	$	SYM
ftr-421	271	16	44	44	NUM
ftr-421	271	17	.	.	PUNCT
ftr-421	272	1	if	if	SCONJ
ftr-421	272	2	d	d	NOUN
ftr-421	272	3	is	be	AUX
ftr-421	272	4	treated	treat	VERB
ftr-421	272	5	as	as	ADP
ftr-421	272	6	acquiring	acquire	VERB
ftr-421	272	7	an	an	DET
ftr-421	272	8	option	option	NOUN
ftr-421	272	9	to	to	PART
ftr-421	272	10	purchase	purchase	VERB
ftr-421	272	11	a	a	DET
ftr-421	272	12	33	33	NUM
ftr-421	272	13	%	%	NOUN
ftr-421	272	14	partnership	partnership	NOUN
ftr-421	272	15	interest	interest	NOUN
ftr-421	272	16	for	for	ADP
ftr-421	272	17	which	which	PRON
ftr-421	272	18	a	a	DET
ftr-421	272	19	market	market	NOUN
ftr-421	272	20	discount	discount	NOUN
ftr-421	272	21	of	of	ADP
ftr-421	272	22	25	25	NUM
ftr-421	272	23	%	%	NOUN
ftr-421	272	24	would	would	AUX
ftr-421	272	25	be	be	AUX
ftr-421	272	26	allowed	allow	VERB
ftr-421	272	27	,	,	PUNCT
ftr-421	272	28	there	there	PRON
ftr-421	272	29	is	be	VERB
ftr-421	272	30	apparently	apparently	ADV
ftr-421	272	31	no	no	DET
ftr-421	272	32	disguised	disguised	ADJ
ftr-421	272	33	gift	gift	NOUN
ftr-421	272	34	to	to	ADP
ftr-421	272	35	d.	d.	PROPN
ftr-421	272	36	under	under	ADP
ftr-421	272	37	the	the	DET
ftr-421	272	38	proposed	propose	VERB
ftr-421	272	39	regulations	regulation	NOUN
ftr-421	272	40	,	,	PUNCT
ftr-421	272	41	however	however	ADV
ftr-421	272	42	,	,	PUNCT
ftr-421	272	43	d	d	PROPN
ftr-421	272	44	is	be	AUX
ftr-421	272	45	treated	treat	VERB
ftr-421	272	46	as	as	ADP
ftr-421	272	47	receiving	receive	VERB
ftr-421	272	48	a	a	DET
ftr-421	272	49	capital	capital	NOUN
ftr-421	272	50	shift	shift	NOUN
ftr-421	272	51	of	of	ADP
ftr-421	272	52	$	$	SYM
ftr-421	272	53	11	11	NUM
ftr-421	272	54	from	from	ADP
ftr-421	272	55	the	the	DET
ftr-421	272	56	41	41	NUM
ftr-421	272	57	.	.	PUNCT
ftr-421	273	1	the	the	DET
ftr-421	273	2	shift	shift	NOUN
ftr-421	273	3	may	may	AUX
ftr-421	273	4	consist	consist	VERB
ftr-421	273	5	of	of	ADP
ftr-421	273	6	previously	previously	ADV
ftr-421	273	7	booked	book	VERB
ftr-421	273	8	capital	capital	NOUN
ftr-421	273	9	as	as	ADV
ftr-421	273	10	well	well	ADV
ftr-421	273	11	as	as	ADP
ftr-421	273	12	a	a	DET
ftr-421	273	13	share	share	NOUN
ftr-421	273	14	of	of	ADP
ftr-421	273	15	unrealized	unrealized	ADJ
ftr-421	273	16	appreciation	appreciation	NOUN
ftr-421	273	17	which	which	PRON
ftr-421	273	18	has	have	AUX
ftr-421	273	19	not	not	PART
ftr-421	273	20	yet	yet	ADV
ftr-421	273	21	been	be	AUX
ftr-421	273	22	reflected	reflect	VERB
ftr-421	273	23	on	on	ADP
ftr-421	273	24	the	the	DET
ftr-421	273	25	partnership	partnership	NOUN
ftr-421	273	26	’s	’s	PART
ftr-421	273	27	books	book	NOUN
ftr-421	273	28	.	.	PUNCT
ftr-421	274	1	although	although	SCONJ
ftr-421	274	2	the	the	DET
ftr-421	274	3	§	§	PROPN
ftr-421	274	4	721	721	NUM
ftr-421	274	5	regulations	regulation	NOUN
ftr-421	274	6	refer	refer	VERB
ftr-421	274	7	to	to	ADP
ftr-421	274	8	a	a	DET
ftr-421	274	9	partner	partner	NOUN
ftr-421	274	10	’s	’s	PART
ftr-421	274	11	right	right	NOUN
ftr-421	274	12	to	to	PART
ftr-421	274	13	be	be	AUX
ftr-421	274	14	repaid	repay	VERB
ftr-421	274	15	his	his	PRON
ftr-421	274	16	“	"	PUNCT
ftr-421	274	17	contribution	contribution	NOUN
ftr-421	274	18	,	,	PUNCT
ftr-421	274	19	”	"	PUNCT
ftr-421	274	20	it	it	PRON
ftr-421	274	21	is	be	AUX
ftr-421	274	22	commonly	commonly	ADV
ftr-421	274	23	understood	understand	VERB
ftr-421	274	24	that	that	SCONJ
ftr-421	274	25	a	a	DET
ftr-421	274	26	partner	partner	NOUN
ftr-421	274	27	’s	’s	PART
ftr-421	274	28	share	share	NOUN
ftr-421	274	29	of	of	ADP
ftr-421	274	30	capital	capital	NOUN
ftr-421	274	31	also	also	ADV
ftr-421	274	32	includes	include	VERB
ftr-421	274	33	his	his	PRON
ftr-421	274	34	share	share	NOUN
ftr-421	274	35	of	of	ADP
ftr-421	274	36	unrealized	unrealized	ADJ
ftr-421	274	37	appreciation	appreciation	NOUN
ftr-421	274	38	in	in	ADP
ftr-421	274	39	partnership	partnership	NOUN
ftr-421	274	40	assets	asset	NOUN
ftr-421	274	41	.	.	PUNCT
ftr-421	275	1	see	see	VERB
ftr-421	275	2	william	william	PROPN
ftr-421	275	3	s.	s.	PROPN
ftr-421	275	4	mckee	mckee	PROPN
ftr-421	275	5	et	et	PROPN
ftr-421	275	6	al	al	PROPN
ftr-421	275	7	.	.	PROPN
ftr-421	275	8	,	,	PUNCT
ftr-421	275	9	federal	federal	ADJ
ftr-421	275	10	taxation	taxation	NOUN
ftr-421	275	11	of	of	ADP
ftr-421	275	12	partnerships	partnership	NOUN
ftr-421	275	13	and	and	CCONJ
ftr-421	275	14	partners	partner	NOUN
ftr-421	275	15	¶	¶	PROPN
ftr-421	275	16	5.02[1	5.02[1	NUM
ftr-421	275	17	]	]	X
ftr-421	275	18	at	at	ADP
ftr-421	275	19	5	5	NUM
ftr-421	275	20	-	-	SYM
ftr-421	275	21	5	5	NUM
ftr-421	275	22	(	(	PUNCT
ftr-421	275	23	3d	3d	NUM
ftr-421	275	24	ed	ed	NOUN
ftr-421	275	25	.	.	PROPN
ftr-421	275	26	1997	1997	NUM
ftr-421	275	27	)	)	PUNCT
ftr-421	275	28	.	.	PUNCT
ftr-421	276	1	42	42	NUM
ftr-421	276	2	.	.	PUNCT
ftr-421	277	1	see	see	VERB
ftr-421	277	2	regs	reg	NOUN
ftr-421	277	3	.	.	PUNCT
ftr-421	278	1	§	§	PROPN
ftr-421	278	2	1.83	1.83	NUM
ftr-421	278	3	-	-	PUNCT
ftr-421	278	4	7(b)(3	7(b)(3	NUM
ftr-421	278	5	)	)	PUNCT
ftr-421	278	6	.	.	PUNCT
ftr-421	279	1	43	43	NUM
ftr-421	279	2	.	.	PUNCT
ftr-421	280	1	see	see	VERB
ftr-421	280	2	i	i	PRON
ftr-421	280	3	d.	d.	PROPN
ftr-421	280	4	44	44	NUM
ftr-421	280	5	.	.	PUNCT
ftr-421	281	1	if	if	SCONJ
ftr-421	281	2	the	the	DET
ftr-421	281	3	exercise	exercise	NOUN
ftr-421	281	4	price	price	NOUN
ftr-421	281	5	of	of	ADP
ftr-421	281	6	a	a	DET
ftr-421	281	7	noncompensatory	noncompensatory	ADJ
ftr-421	281	8	option	option	NOUN
ftr-421	281	9	exceeds	exceed	VERB
ftr-421	281	10	the	the	DET
ftr-421	281	11	capital	capital	NOUN
ftr-421	281	12	account	account	NOUN
ftr-421	281	13	received	receive	VERB
ftr-421	281	14	on	on	ADP
ftr-421	281	15	exercise	exercise	NOUN
ftr-421	281	16	,	,	PUNCT
ftr-421	281	17	the	the	DET
ftr-421	281	18	proposed	propose	VERB
ftr-421	281	19	regulations	regulation	NOUN
ftr-421	281	20	warn	warn	VERB
ftr-421	281	21	that	that	SCONJ
ftr-421	281	22	the	the	DET
ftr-421	281	23	transaction	transaction	NOUN
ftr-421	281	24	will	will	AUX
ftr-421	281	25	be	be	AUX
ftr-421	281	26	treated	treat	VERB
ftr-421	281	27	according	accord	VERB
ftr-421	281	28	to	to	ADP
ftr-421	281	29	its	its	PRON
ftr-421	281	30	“	"	PUNCT
ftr-421	281	31	true	true	ADJ
ftr-421	281	32	nature	nature	NOUN
ftr-421	281	33	.	.	PUNCT
ftr-421	281	34	”	"	PUNCT
ftr-421	282	1	prop	prop	NOUN
ftr-421	282	2	.	.	PUNCT
ftr-421	282	3	regs	regs	PROPN
ftr-421	282	4	.	.	PUNCT
ftr-421	283	1	§	§	PROPN
ftr-421	283	2	1.721	1.721	NUM
ftr-421	283	3	-	-	SYM
ftr-421	283	4	2(a	2(a	NUM
ftr-421	283	5	)	)	PUNCT
ftr-421	283	6	.	.	PUNCT
ftr-421	284	1	in	in	ADP
ftr-421	284	2	this	this	DET
ftr-421	284	3	situation	situation	NOUN
ftr-421	284	4	,	,	PUNCT
ftr-421	284	5	the	the	DET
ftr-421	284	6	option	option	NOUN
ftr-421	284	7	holder	holder	NOUN
ftr-421	284	8	would	would	AUX
ftr-421	284	9	be	be	AUX
ftr-421	284	10	paying	pay	VERB
ftr-421	284	11	more	more	ADJ
ftr-421	284	12	for	for	ADP
ftr-421	284	13	the	the	DET
ftr-421	284	14	interest	interest	NOUN
ftr-421	284	15	than	than	ADP
ftr-421	284	16	its	its	PRON
ftr-421	284	17	liquidation	liquidation	NOUN
ftr-421	284	18	value	value	NOUN
ftr-421	284	19	,	,	PUNCT
ftr-421	284	20	suggesting	suggest	VERB
ftr-421	284	21	the	the	DET
ftr-421	284	22	possibility	possibility	NOUN
ftr-421	284	23	of	of	ADP
ftr-421	284	24	a	a	DET
ftr-421	284	25	disguised	disguised	ADJ
ftr-421	284	26	transfer	transfer	NOUN
ftr-421	284	27	to	to	ADP
ftr-421	284	28	the	the	DET
ftr-421	284	29	historic	historic	ADJ
ftr-421	284	30	partners	partner	NOUN
ftr-421	284	31	.	.	PUNCT
ftr-421	285	1	662	662	NUM
ftr-421	285	2	florida	florida	PROPN
ftr-421	285	3	tax	tax	NOUN
ftr-421	285	4	review	review	NOUN
ftr-421	285	5	[	[	X
ftr-421	285	6	vol.6:6	vol.6:6	X
ftr-421	285	7	historic	historic	ADJ
ftr-421	285	8	partners	partner	NOUN
ftr-421	285	9	.	.	PUNCT
ftr-421	286	1	although	although	SCONJ
ftr-421	286	2	the	the	DET
ftr-421	286	3	proposed	propose	VERB
ftr-421	286	4	regulations	regulation	NOUN
ftr-421	286	5	provide	provide	VERB
ftr-421	286	6	that	that	DET
ftr-421	286	7	exercise	exercise	NOUN
ftr-421	286	8	of45	of45	PROPN
ftr-421	286	9	an	an	DET
ftr-421	286	10	option	option	NOUN
ftr-421	286	11	is	be	AUX
ftr-421	286	12	treated	treat	VERB
ftr-421	286	13	as	as	ADP
ftr-421	286	14	a	a	DET
ftr-421	286	15	nonrecognition	nonrecognition	NOUN
ftr-421	286	16	event	event	NOUN
ftr-421	286	17	with	with	ADP
ftr-421	286	18	respect	respect	NOUN
ftr-421	286	19	to	to	ADP
ftr-421	286	20	the	the	DET
ftr-421	286	21	option	option	NOUN
ftr-421	286	22	holder	holder	NOUN
ftr-421	286	23	and	and	CCONJ
ftr-421	286	24	the	the	DET
ftr-421	286	25	historic	historic	ADJ
ftr-421	286	26	partners	partner	NOUN
ftr-421	286	27	,	,	PUNCT
ftr-421	286	28	the	the	DET
ftr-421	286	29	resulting	result	VERB
ftr-421	286	30	capital	capital	NOUN
ftr-421	286	31	shift	shift	NOUN
ftr-421	286	32	should	should	AUX
ftr-421	286	33	arguably	arguably	ADV
ftr-421	286	34	give	give	VERB
ftr-421	286	35	rise46	rise46	NOUN
ftr-421	286	36	to	to	ADP
ftr-421	286	37	an	an	DET
ftr-421	286	38	indirect	indirect	ADJ
ftr-421	286	39	gift	gift	NOUN
ftr-421	286	40	of	of	ADP
ftr-421	286	41	a	a	DET
ftr-421	286	42	disproportionate	disproportionate	ADJ
ftr-421	286	43	share	share	NOUN
ftr-421	286	44	of	of	ADP
ftr-421	286	45	partnership	partnership	NOUN
ftr-421	286	46	assets	asset	NOUN
ftr-421	286	47	from	from	ADP
ftr-421	286	48	the	the	DET
ftr-421	286	49	historic	historic	ADJ
ftr-421	286	50	partners	partner	NOUN
ftr-421	286	51	to	to	ADP
ftr-421	286	52	d.47	d.47	NOUN
ftr-421	286	53	the	the	DET
ftr-421	286	54	exercise	exercise	NOUN
ftr-421	286	55	of	of	ADP
ftr-421	286	56	an	an	DET
ftr-421	286	57	option	option	NOUN
ftr-421	286	58	entitles	entitle	VERB
ftr-421	286	59	the	the	DET
ftr-421	286	60	option	option	NOUN
ftr-421	286	61	holder	holder	NOUN
ftr-421	286	62	to	to	PART
ftr-421	286	63	acquire	acquire	VERB
ftr-421	286	64	a	a	DET
ftr-421	286	65	partnership	partnership	NOUN
ftr-421	286	66	interest	interest	NOUN
ftr-421	286	67	at	at	ADP
ftr-421	286	68	a	a	DET
ftr-421	286	69	bargain	bargain	NOUN
ftr-421	286	70	price	price	NOUN
ftr-421	286	71	.	.	PUNCT
ftr-421	287	1	nevertheless	nevertheless	ADV
ftr-421	287	2	,	,	PUNCT
ftr-421	287	3	the	the	DET
ftr-421	287	4	proposed	propose	VERB
ftr-421	287	5	regulations	regulation	NOUN
ftr-421	287	6	look	look	VERB
ftr-421	287	7	through	through	ADP
ftr-421	287	8	the	the	DET
ftr-421	287	9	partnership	partnership	NOUN
ftr-421	287	10	and	and	CCONJ
ftr-421	287	11	treat	treat	VERB
ftr-421	287	12	the	the	DET
ftr-421	287	13	option	option	NOUN
ftr-421	287	14	holder	holder	NOUN
ftr-421	287	15	as	as	ADP
ftr-421	287	16	acquiring	acquire	VERB
ftr-421	287	17	a	a	DET
ftr-421	287	18	share	share	NOUN
ftr-421	287	19	of	of	ADP
ftr-421	287	20	partnership	partnership	NOUN
ftr-421	287	21	assets	asset	NOUN
ftr-421	287	22	based	base	VERB
ftr-421	287	23	on	on	ADP
ftr-421	287	24	the	the	DET
ftr-421	287	25	liquidation	liquidation	NOUN
ftr-421	287	26	value	value	NOUN
ftr-421	287	27	of	of	ADP
ftr-421	287	28	his	his	PRON
ftr-421	287	29	capital	capital	NOUN
ftr-421	287	30	account	account	NOUN
ftr-421	287	31	immediately	immediately	ADV
ftr-421	287	32	after	after	ADP
ftr-421	287	33	exercise	exercise	NOUN
ftr-421	287	34	.	.	PUNCT
ftr-421	288	1	the	the	DET
ftr-421	288	2	partnership	partnership	NOUN
ftr-421	288	3	’s	’s	PART
ftr-421	288	4	assets	asset	NOUN
ftr-421	288	5	are	be	AUX
ftr-421	288	6	revalued	revalue	VERB
ftr-421	288	7	immediately	immediately	ADV
ftr-421	288	8	after	after	ADP
ftr-421	288	9	exercise	exercise	NOUN
ftr-421	288	10	,	,	PUNCT
ftr-421	288	11	and	and	CCONJ
ftr-421	288	12	the	the	DET
ftr-421	288	13	option	option	NOUN
ftr-421	288	14	holder	holder	NOUN
ftr-421	288	15	’s	’s	PART
ftr-421	288	16	capital	capital	NOUN
ftr-421	288	17	account	account	NOUN
ftr-421	288	18	is	be	AUX
ftr-421	288	19	initially	initially	ADV
ftr-421	288	20	credited	credit	VERB
ftr-421	288	21	with	with	ADP
ftr-421	288	22	the	the	DET
ftr-421	288	23	amount	amount	NOUN
ftr-421	288	24	of	of	ADP
ftr-421	288	25	his	his	PRON
ftr-421	288	26	contribution	contribution	NOUN
ftr-421	288	27	,	,	PUNCT
ftr-421	288	28	i.e.	i.e.	X
ftr-421	288	29	,	,	PUNCT
ftr-421	288	30	the	the	DET
ftr-421	288	31	option	option	NOUN
ftr-421	288	32	premium	premium	NOUN
ftr-421	288	33	and	and	CCONJ
ftr-421	288	34	the	the	DET
ftr-421	288	35	exercise	exercise	NOUN
ftr-421	288	36	price.48	price.48	NOUN
ftr-421	288	37	next	next	ADV
ftr-421	288	38	,	,	PUNCT
ftr-421	288	39	the	the	DET
ftr-421	288	40	option	option	NOUN
ftr-421	288	41	holder	holder	NOUN
ftr-421	288	42	’s	’s	PART
ftr-421	288	43	capital	capital	NOUN
ftr-421	288	44	account	account	NOUN
ftr-421	288	45	is	be	AUX
ftr-421	288	46	credited	credit	VERB
ftr-421	288	47	with	with	ADP
ftr-421	288	48	unrealized	unrealized	ADJ
ftr-421	288	49	appreciation	appreciation	NOUN
ftr-421	288	50	in	in	ADP
ftr-421	288	51	the	the	DET
ftr-421	288	52	partnership	partnership	NOUN
ftr-421	288	53	’s	’s	PART
ftr-421	288	54	assets	asset	NOUN
ftr-421	288	55	(	(	PUNCT
ftr-421	288	56	not	not	PART
ftr-421	288	57	yet	yet	ADV
ftr-421	288	58	reflected	reflect	VERB
ftr-421	288	59	in	in	ADP
ftr-421	288	60	the	the	DET
ftr-421	288	61	partners	partner	NOUN
ftr-421	288	62	’	'	PUNCT
ftr-421	288	63	book	book	NOUN
ftr-421	288	64	capital	capital	NOUN
ftr-421	288	65	accounts	account	NOUN
ftr-421	288	66	)	)	PUNCT
ftr-421	288	67	to	to	PART
ftr-421	288	68	substitute	substitute	VERB
ftr-421	288	69	for	for	ADP
ftr-421	288	70	the	the	DET
ftr-421	288	71	built	build	VERB
ftr-421	288	72	-	-	PUNCT
ftr-421	288	73	in	in	ADP
ftr-421	288	74	gain	gain	NOUN
ftr-421	288	75	inherent	inherent	ADJ
ftr-421	288	76	in	in	ADP
ftr-421	288	77	the	the	DET
ftr-421	288	78	option	option	NOUN
ftr-421	288	79	itself.49	itself.49	NOUN
ftr-421	288	80	if	if	SCONJ
ftr-421	288	81	the	the	DET
ftr-421	288	82	option	option	NOUN
ftr-421	288	83	holder	holder	NOUN
ftr-421	288	84	is	be	AUX
ftr-421	288	85	entitled	entitle	VERB
ftr-421	288	86	to	to	ADP
ftr-421	288	87	additional	additional	ADJ
ftr-421	288	88	capital	capital	NOUN
ftr-421	288	89	in	in	ADP
ftr-421	288	90	excess	excess	NOUN
ftr-421	288	91	of	of	ADP
ftr-421	288	92	the	the	DET
ftr-421	288	93	built	build	VERB
ftr-421	288	94	-	-	PUNCT
ftr-421	288	95	in	in	ADP
ftr-421	288	96	gain	gain	NOUN
ftr-421	288	97	in	in	ADP
ftr-421	288	98	the	the	DET
ftr-421	288	99	partnership	partnership	NOUN
ftr-421	288	100	’s	’s	PART
ftr-421	288	101	assets	asset	NOUN
ftr-421	288	102	,	,	PUNCT
ftr-421	288	103	capital	capital	NOUN
ftr-421	288	104	is	be	AUX
ftr-421	288	105	reallocated	reallocate	VERB
ftr-421	288	106	from	from	ADP
ftr-421	288	107	the	the	DET
ftr-421	288	108	historic	historic	ADJ
ftr-421	288	109	partners	partner	NOUN
ftr-421	288	110	’	'	PUNCT
ftr-421	288	111	capital	capital	NOUN
ftr-421	288	112	accounts	account	NOUN
ftr-421	288	113	to	to	ADP
ftr-421	288	114	the	the	DET
ftr-421	288	115	option	option	NOUN
ftr-421	288	116	holder	holder	NOUN
ftr-421	288	117	’s	’s	PART
ftr-421	288	118	capital	capital	NOUN
ftr-421	288	119	account	account	NOUN
ftr-421	288	120	.	.	PUNCT
ftr-421	289	1	in	in	ADP
ftr-421	289	2	this	this	DET
ftr-421	289	3	situation	situation	NOUN
ftr-421	289	4	,	,	PUNCT
ftr-421	289	5	the50	the50	NOUN
ftr-421	289	6	45	45	NUM
ftr-421	289	7	.	.	PUNCT
ftr-421	290	1	since	since	SCONJ
ftr-421	290	2	the	the	DET
ftr-421	290	3	fair	fair	ADJ
ftr-421	290	4	market	market	NOUN
ftr-421	290	5	value	value	NOUN
ftr-421	290	6	of	of	ADP
ftr-421	290	7	the	the	DET
ftr-421	290	8	contributed	contribute	VERB
ftr-421	290	9	property	property	NOUN
ftr-421	290	10	was	be	AUX
ftr-421	290	11	reflected	reflect	VERB
ftr-421	290	12	in	in	ADP
ftr-421	290	13	the	the	DET
ftr-421	290	14	partners	partner	NOUN
ftr-421	290	15	’	'	PUNCT
ftr-421	290	16	book	book	NOUN
ftr-421	290	17	capital	capital	NOUN
ftr-421	290	18	accounts	account	NOUN
ftr-421	290	19	at	at	ADP
ftr-421	290	20	the	the	DET
ftr-421	290	21	time	time	NOUN
ftr-421	290	22	of	of	ADP
ftr-421	290	23	contribution	contribution	NOUN
ftr-421	290	24	,	,	PUNCT
ftr-421	290	25	the	the	DET
ftr-421	290	26	$	$	SYM
ftr-421	290	27	11	11	NUM
ftr-421	290	28	capital	capital	NOUN
ftr-421	290	29	shift	shift	NOUN
ftr-421	290	30	consists	consist	VERB
ftr-421	290	31	entirely	entirely	ADV
ftr-421	290	32	of	of	ADP
ftr-421	290	33	previously	previously	ADV
ftr-421	290	34	booked	book	VERB
ftr-421	290	35	capital	capital	NOUN
ftr-421	290	36	;	;	PUNCT
ftr-421	290	37	if	if	SCONJ
ftr-421	290	38	the	the	DET
ftr-421	290	39	partnership	partnership	NOUN
ftr-421	290	40	’s	’s	PART
ftr-421	290	41	assets	asset	NOUN
ftr-421	290	42	had	have	AUX
ftr-421	290	43	appreciated	appreciate	VERB
ftr-421	290	44	after	after	ADP
ftr-421	290	45	contribution	contribution	NOUN
ftr-421	290	46	,	,	PUNCT
ftr-421	290	47	the	the	DET
ftr-421	290	48	capital	capital	NOUN
ftr-421	290	49	shift	shift	NOUN
ftr-421	290	50	would	would	AUX
ftr-421	290	51	include	include	VERB
ftr-421	290	52	a	a	DET
ftr-421	290	53	share	share	NOUN
ftr-421	290	54	of	of	ADP
ftr-421	290	55	unrealized	unrealized	ADJ
ftr-421	290	56	appreciation	appreciation	NOUN
ftr-421	290	57	.	.	PUNCT
ftr-421	291	1	46	46	NUM
ftr-421	291	2	.	.	PUNCT
ftr-421	292	1	see	see	VERB
ftr-421	292	2	preamble	preamble	ADJ
ftr-421	292	3	,	,	PUNCT
ftr-421	292	4	supra	supra	ADJ
ftr-421	292	5	note	note	NOUN
ftr-421	292	6	39	39	NUM
ftr-421	292	7	,	,	PUNCT
ftr-421	292	8	at	at	ADP
ftr-421	292	9	543	543	NUM
ftr-421	292	10	-	-	SYM
ftr-421	292	11	44	44	NUM
ftr-421	292	12	.	.	PUNCT
ftr-421	293	1	while	while	SCONJ
ftr-421	293	2	concluding	conclude	VERB
ftr-421	293	3	that	that	SCONJ
ftr-421	293	4	§	§	PROPN
ftr-421	293	5	721	721	NUM
ftr-421	293	6	applies	apply	VERB
ftr-421	293	7	to	to	PART
ftr-421	293	8	exercise	exercise	VERB
ftr-421	293	9	of	of	ADP
ftr-421	293	10	a	a	DET
ftr-421	293	11	noncompensatory	noncompensatory	ADJ
ftr-421	293	12	option	option	NOUN
ftr-421	293	13	,	,	PUNCT
ftr-421	293	14	the	the	DET
ftr-421	293	15	proposed	propose	VERB
ftr-421	293	16	regulations	regulation	NOUN
ftr-421	293	17	fail	fail	VERB
ftr-421	293	18	to	to	PART
ftr-421	293	19	state	state	VERB
ftr-421	293	20	“	"	PUNCT
ftr-421	293	21	the	the	DET
ftr-421	293	22	specific	specific	ADJ
ftr-421	293	23	theory	theory	NOUN
ftr-421	293	24	or	or	CCONJ
ftr-421	293	25	principles	principle	NOUN
ftr-421	293	26	”	"	PUNCT
ftr-421	293	27	overriding	override	VERB
ftr-421	293	28	the	the	DET
ftr-421	293	29	contrary	contrary	ADJ
ftr-421	293	30	implication	implication	NOUN
ftr-421	293	31	in	in	ADP
ftr-421	293	32	regs	reg	NOUN
ftr-421	293	33	.	.	PUNCT
ftr-421	294	1	§	§	PROPN
ftr-421	294	2	1.7211(b	1.7211(b	NUM
ftr-421	294	3	)	)	PUNCT
ftr-421	294	4	.	.	PUNCT
ftr-421	295	1	elliott	elliott	PROPN
ftr-421	295	2	manning	manning	PROPN
ftr-421	295	3	,	,	PUNCT
ftr-421	295	4	proposed	propose	VERB
ftr-421	295	5	non	non	ADJ
ftr-421	295	6	-	-	ADJ
ftr-421	295	7	compensatory	compensatory	ADJ
ftr-421	295	8	partnership	partnership	NOUN
ftr-421	295	9	options	option	NOUN
ftr-421	295	10	regulations	regulation	NOUN
ftr-421	295	11	,	,	PUNCT
ftr-421	295	12	16	16	NUM
ftr-421	295	13	j.	j.	PROPN
ftr-421	295	14	tax’n	tax’n	NUM
ftr-421	295	15	fin	fin	NOUN
ftr-421	295	16	.	.	PUNCT
ftr-421	296	1	institutions	institution	NOUN
ftr-421	296	2	16	16	NUM
ftr-421	296	3	,	,	PUNCT
ftr-421	296	4	22	22	NUM
ftr-421	296	5	(	(	PUNCT
ftr-421	296	6	may	may	PROPN
ftr-421	296	7	/	/	SYM
ftr-421	296	8	june	june	PROPN
ftr-421	296	9	2003	2003	NUM
ftr-421	296	10	)	)	PUNCT
ftr-421	296	11	.	.	PUNCT
ftr-421	297	1	47	47	NUM
ftr-421	297	2	.	.	PUNCT
ftr-421	298	1	see	see	VERB
ftr-421	298	2	regs	reg	NOUN
ftr-421	298	3	.	.	PUNCT
ftr-421	299	1	§	§	PROPN
ftr-421	299	2	1.704	1.704	NUM
ftr-421	299	3	-	-	SYM
ftr-421	299	4	1(b)(1)(iv	1(b)(1)(iv	NUM
ftr-421	299	5	)	)	PUNCT
ftr-421	299	6	(	(	PUNCT
ftr-421	299	7	warning	warn	VERB
ftr-421	299	8	that	that	SCONJ
ftr-421	299	9	a	a	DET
ftr-421	299	10	capital	capital	NOUN
ftr-421	299	11	shift	shift	NOUN
ftr-421	299	12	may	may	AUX
ftr-421	299	13	be	be	AUX
ftr-421	299	14	treated	treat	VERB
ftr-421	299	15	as	as	ADP
ftr-421	299	16	a	a	DET
ftr-421	299	17	disguised	disguised	ADJ
ftr-421	299	18	gift	gift	NOUN
ftr-421	299	19	)	)	PUNCT
ftr-421	299	20	.	.	PUNCT
ftr-421	300	1	48	48	NUM
ftr-421	300	2	.	.	PUNCT
ftr-421	300	3	see	see	VERB
ftr-421	300	4	prop	prop	NOUN
ftr-421	300	5	.	.	PUNCT
ftr-421	301	1	regs	regs	PROPN
ftr-421	301	2	.	.	PUNCT
ftr-421	302	1	§	§	PROPN
ftr-421	302	2	1.704	1.704	NUM
ftr-421	302	3	-	-	PUNCT
ftr-421	302	4	1(b)(2)(iv)(s)(1	1(b)(2)(iv)(s)(1	NUM
ftr-421	302	5	)	)	PUNCT
ftr-421	302	6	.	.	PUNCT
ftr-421	303	1	under	under	ADP
ftr-421	303	2	the	the	DET
ftr-421	303	3	conventional	conventional	ADJ
ftr-421	303	4	approach	approach	NOUN
ftr-421	303	5	of	of	ADP
ftr-421	303	6	the	the	DET
ftr-421	303	7	§	§	PROPN
ftr-421	303	8	704(b	704(b	PROPN
ftr-421	303	9	)	)	PUNCT
ftr-421	303	10	regulations	regulation	NOUN
ftr-421	303	11	,	,	PUNCT
ftr-421	303	12	the	the	DET
ftr-421	303	13	partners	partner	NOUN
ftr-421	303	14	’	'	PUNCT
ftr-421	303	15	capital	capital	NOUN
ftr-421	303	16	accounts	account	NOUN
ftr-421	303	17	would	would	AUX
ftr-421	303	18	be	be	AUX
ftr-421	303	19	booked	book	VERB
ftr-421	303	20	up	up	ADP
ftr-421	303	21	immediately	immediately	ADV
ftr-421	303	22	before	before	ADP
ftr-421	303	23	admission	admission	NOUN
ftr-421	303	24	of	of	ADP
ftr-421	303	25	a	a	DET
ftr-421	303	26	new	new	ADJ
ftr-421	303	27	partner	partner	NOUN
ftr-421	303	28	.	.	PUNCT
ftr-421	304	1	see	see	VERB
ftr-421	304	2	regs	reg	NOUN
ftr-421	304	3	.	.	PUNCT
ftr-421	305	1	§	§	PROPN
ftr-421	305	2	§	§	PROPN
ftr-421	305	3	1.704	1.704	NUM
ftr-421	305	4	-	-	SYM
ftr-421	305	5	1(b)(2)(iv)(f	1(b)(2)(iv)(f	NUM
ftr-421	305	6	)	)	PUNCT
ftr-421	305	7	,	,	PUNCT
ftr-421	305	8	1.704	1.704	NUM
ftr-421	305	9	-	-	SYM
ftr-421	305	10	1(b)(5	1(b)(5	NUM
ftr-421	305	11	)	)	PUNCT
ftr-421	305	12	exs	exs	PROPN
ftr-421	305	13	.	.	PROPN
ftr-421	305	14	14	14	NUM
ftr-421	305	15	and	and	CCONJ
ftr-421	305	16	18	18	NUM
ftr-421	305	17	.	.	PUNCT
ftr-421	306	1	a	a	DET
ftr-421	306	2	post	post	ADJ
ftr-421	306	3	-	-	ADJ
ftr-421	306	4	exercise	exercise	ADJ
ftr-421	306	5	bookup	bookup	NOUN
ftr-421	306	6	allows	allow	VERB
ftr-421	306	7	pre	pre	ADJ
ftr-421	306	8	-	-	ADJ
ftr-421	306	9	exercise	exercise	ADJ
ftr-421	306	10	unrealized	unrealized	ADJ
ftr-421	306	11	appreciation	appreciation	NOUN
ftr-421	306	12	to	to	PART
ftr-421	306	13	be	be	AUX
ftr-421	306	14	allocated	allocate	VERB
ftr-421	306	15	on	on	ADP
ftr-421	306	16	a	a	DET
ftr-421	306	17	priority	priority	NOUN
ftr-421	306	18	basis	basis	NOUN
ftr-421	306	19	to	to	ADP
ftr-421	306	20	the	the	DET
ftr-421	306	21	option	option	NOUN
ftr-421	306	22	holder	holder	NOUN
ftr-421	306	23	to	to	ADP
ftr-421	306	24	the	the	DET
ftr-421	306	25	extent	extent	NOUN
ftr-421	306	26	necessary	necessary	ADJ
ftr-421	306	27	to	to	PART
ftr-421	306	28	implement	implement	VERB
ftr-421	306	29	the	the	DET
ftr-421	306	30	parties	party	NOUN
ftr-421	306	31	’	'	PUNCT
ftr-421	306	32	economic	economic	ADJ
ftr-421	306	33	arrangement	arrangement	NOUN
ftr-421	306	34	.	.	PUNCT
ftr-421	307	1	49	49	NUM
ftr-421	307	2	.	.	PUNCT
ftr-421	308	1	see	see	VERB
ftr-421	308	2	prop	prop	NOUN
ftr-421	308	3	.	.	PUNCT
ftr-421	309	1	regs	regs	PROPN
ftr-421	309	2	.	.	PUNCT
ftr-421	310	1	§	§	PROPN
ftr-421	310	2	1.704	1.704	NUM
ftr-421	310	3	-	-	SYM
ftr-421	310	4	1(b)(2)(iv)(s)(2	1(b)(2)(iv)(s)(2	NUM
ftr-421	310	5	)	)	PUNCT
ftr-421	310	6	.	.	PUNCT
ftr-421	311	1	the	the	DET
ftr-421	311	2	built	build	VERB
ftr-421	311	3	-	-	PUNCT
ftr-421	311	4	in	in	ADP
ftr-421	311	5	gain	gain	NOUN
ftr-421	311	6	inherent	inherent	ADJ
ftr-421	311	7	in	in	ADP
ftr-421	311	8	the	the	DET
ftr-421	311	9	option	option	NOUN
ftr-421	311	10	privilege	privilege	NOUN
ftr-421	311	11	can	can	AUX
ftr-421	311	12	not	not	PART
ftr-421	311	13	be	be	AUX
ftr-421	311	14	allocated	allocate	VERB
ftr-421	311	15	to	to	ADP
ftr-421	311	16	the	the	DET
ftr-421	311	17	option	option	NOUN
ftr-421	311	18	holder	holder	NOUN
ftr-421	311	19	directly	directly	ADV
ftr-421	311	20	under	under	ADP
ftr-421	311	21	§	§	PROPN
ftr-421	311	22	704(c	704(c	PROPN
ftr-421	311	23	)	)	PUNCT
ftr-421	311	24	principles	principle	NOUN
ftr-421	311	25	because	because	SCONJ
ftr-421	311	26	the	the	DET
ftr-421	311	27	option	option	NOUN
ftr-421	311	28	privilege	privilege	NOUN
ftr-421	311	29	terminates	terminate	VERB
ftr-421	311	30	upon	upon	SCONJ
ftr-421	311	31	exercise	exercise	NOUN
ftr-421	311	32	.	.	PUNCT
ftr-421	312	1	see	see	VERB
ftr-421	312	2	preamble	preamble	ADJ
ftr-421	312	3	,	,	PUNCT
ftr-421	312	4	supra	supra	ADJ
ftr-421	312	5	note	note	NOUN
ftr-421	312	6	39	39	NUM
ftr-421	312	7	.	.	PUNCT
ftr-421	313	1	nonrecognition	nonrecognition	NOUN
ftr-421	313	2	treatment	treatment	NOUN
ftr-421	313	3	on	on	ADP
ftr-421	313	4	exercise	exercise	NOUN
ftr-421	313	5	merely	merely	ADV
ftr-421	313	6	results	result	VERB
ftr-421	313	7	in	in	ADP
ftr-421	313	8	deferral	deferral	ADJ
ftr-421	313	9	,	,	PUNCT
ftr-421	313	10	since	since	SCONJ
ftr-421	313	11	the	the	DET
ftr-421	313	12	option	option	NOUN
ftr-421	313	13	holder	holder	NOUN
ftr-421	313	14	will	will	AUX
ftr-421	313	15	eventually	eventually	ADV
ftr-421	313	16	recognize	recognize	VERB
ftr-421	313	17	built	build	VERB
ftr-421	313	18	-	-	PUNCT
ftr-421	313	19	in	in	ADP
ftr-421	313	20	gain	gain	NOUN
ftr-421	313	21	attributable	attributable	ADJ
ftr-421	313	22	to	to	ADP
ftr-421	313	23	the	the	DET
ftr-421	313	24	underlying	underlie	VERB
ftr-421	313	25	assets	asset	NOUN
ftr-421	313	26	under	under	ADP
ftr-421	313	27	§	§	PROPN
ftr-421	313	28	704(c	704(c	PROPN
ftr-421	313	29	)	)	PUNCT
ftr-421	313	30	principles	principle	NOUN
ftr-421	313	31	.	.	PUNCT
ftr-421	314	1	50	50	NUM
ftr-421	314	2	.	.	PUNCT
ftr-421	314	3	see	see	VERB
ftr-421	314	4	prop	prop	NOUN
ftr-421	314	5	.	.	PUNCT
ftr-421	315	1	regs	regs	PROPN
ftr-421	315	2	.	.	PUNCT
ftr-421	316	1	§	§	PROPN
ftr-421	316	2	1.704	1.704	NUM
ftr-421	316	3	-	-	SYM
ftr-421	316	4	1(b)(2)(iv)(s)(3	1(b)(2)(iv)(s)(3	NUM
ftr-421	316	5	)	)	PUNCT
ftr-421	316	6	.	.	PUNCT
ftr-421	317	1	2004	2004	NUM
ftr-421	317	2	]	]	PUNCT
ftr-421	317	3	family	family	NOUN
ftr-421	317	4	limited	limit	VERB
ftr-421	317	5	partnerships	partnership	NOUN
ftr-421	317	6	663	663	NUM
ftr-421	317	7	partnership	partnership	NOUN
ftr-421	317	8	is	be	AUX
ftr-421	317	9	required	require	VERB
ftr-421	317	10	to	to	PART
ftr-421	317	11	make	make	VERB
ftr-421	317	12	corrective	corrective	ADJ
ftr-421	317	13	allocations	allocation	NOUN
ftr-421	317	14	to	to	PART
ftr-421	317	15	reflect	reflect	VERB
ftr-421	317	16	the	the	DET
ftr-421	317	17	“	"	PUNCT
ftr-421	317	18	capital	capital	NOUN
ftr-421	317	19	account	account	NOUN
ftr-421	317	20	reallocation	reallocation	NOUN
ftr-421	317	21	.	.	PUNCT
ftr-421	318	1	”51	”51	PROPN
ftr-421	319	1	the	the	DET
ftr-421	319	2	required	require	VERB
ftr-421	319	3	adjustments	adjustment	NOUN
ftr-421	319	4	under	under	ADP
ftr-421	319	5	the	the	DET
ftr-421	319	6	proposed	propose	VERB
ftr-421	319	7	regulations	regulation	NOUN
ftr-421	319	8	resemble	resemble	VERB
ftr-421	319	9	section	section	NOUN
ftr-421	319	10	743	743	NUM
ftr-421	319	11	basis	basis	NOUN
ftr-421	319	12	adjustments	adjustment	NOUN
ftr-421	319	13	in	in	ADP
ftr-421	319	14	connection	connection	NOUN
ftr-421	319	15	with	with	ADP
ftr-421	319	16	a	a	DET
ftr-421	319	17	bargain	bargain	NOUN
ftr-421	319	18	purchase	purchase	NOUN
ftr-421	319	19	of	of	ADP
ftr-421	319	20	a	a	DET
ftr-421	319	21	partnership	partnership	NOUN
ftr-421	319	22	interest	interest	NOUN
ftr-421	319	23	.	.	PUNCT
ftr-421	320	1	the	the	DET
ftr-421	320	2	common	common	ADJ
ftr-421	320	3	assumption	assumption	NOUN
ftr-421	320	4	underlying	underlie	VERB
ftr-421	320	5	these	these	DET
ftr-421	320	6	different	different	ADJ
ftr-421	320	7	adjustments	adjustment	NOUN
ftr-421	320	8	is	be	AUX
ftr-421	320	9	that	that	SCONJ
ftr-421	320	10	the	the	DET
ftr-421	320	11	bargain	bargain	NOUN
ftr-421	320	12	element	element	NOUN
ftr-421	320	13	inherent	inherent	ADJ
ftr-421	320	14	in	in	ADP
ftr-421	320	15	the	the	DET
ftr-421	320	16	partnership	partnership	NOUN
ftr-421	320	17	interest	interest	NOUN
ftr-421	320	18	can	can	AUX
ftr-421	320	19	be	be	AUX
ftr-421	320	20	translated	translate	VERB
ftr-421	320	21	into	into	ADP
ftr-421	320	22	a	a	DET
ftr-421	320	23	bargain	bargain	NOUN
ftr-421	320	24	acquisition	acquisition	NOUN
ftr-421	320	25	of	of	ADP
ftr-421	320	26	partnership	partnership	NOUN
ftr-421	320	27	assets	asset	NOUN
ftr-421	320	28	.	.	PUNCT
ftr-421	321	1	from	from	ADP
ftr-421	321	2	the	the	DET
ftr-421	321	3	historic	historic	ADJ
ftr-421	321	4	partners	partner	NOUN
ftr-421	321	5	’	'	PUNCT
ftr-421	321	6	perspective	perspective	NOUN
ftr-421	321	7	,	,	PUNCT
ftr-421	321	8	it	it	PRON
ftr-421	321	9	might	might	AUX
ftr-421	321	10	seem	seem	VERB
ftr-421	321	11	unrealistic	unrealistic	ADJ
ftr-421	321	12	to	to	PART
ftr-421	321	13	distinguish	distinguish	VERB
ftr-421	321	14	between	between	ADP
ftr-421	321	15	a	a	DET
ftr-421	321	16	shift	shift	NOUN
ftr-421	321	17	to	to	ADP
ftr-421	321	18	the	the	DET
ftr-421	321	19	option	option	NOUN
ftr-421	321	20	holder	holder	NOUN
ftr-421	321	21	of	of	ADP
ftr-421	321	22	pre	pre	ADJ
ftr-421	321	23	-	-	ADJ
ftr-421	321	24	admission	admission	ADJ
ftr-421	321	25	unrealized	unrealized	ADJ
ftr-421	321	26	appreciation	appreciation	NOUN
ftr-421	321	27	(	(	PUNCT
ftr-421	321	28	to	to	ADP
ftr-421	321	29	the	the	DET
ftr-421	321	30	extent	extent	NOUN
ftr-421	321	31	not	not	PART
ftr-421	321	32	previously	previously	ADV
ftr-421	321	33	booked	book	VERB
ftr-421	321	34	in	in	ADP
ftr-421	321	35	the	the	DET
ftr-421	321	36	partners	partner	NOUN
ftr-421	321	37	’	’	PART
ftr-421	321	38	capital	capital	NOUN
ftr-421	321	39	accounts	account	NOUN
ftr-421	321	40	)	)	PUNCT
ftr-421	321	41	and	and	CCONJ
ftr-421	321	42	a	a	DET
ftr-421	321	43	shift	shift	NOUN
ftr-421	321	44	of	of	ADP
ftr-421	321	45	previously	previously	ADV
ftr-421	321	46	booked	book	VERB
ftr-421	321	47	capital	capital	NOUN
ftr-421	321	48	.	.	PUNCT
ftr-421	322	1	in	in	ADP
ftr-421	322	2	economic	economic	ADJ
ftr-421	322	3	terms	term	NOUN
ftr-421	322	4	,	,	PUNCT
ftr-421	322	5	both	both	DET
ftr-421	322	6	types	type	NOUN
ftr-421	322	7	of	of	ADP
ftr-421	322	8	shifts	shift	NOUN
ftr-421	322	9	represent	represent	VERB
ftr-421	322	10	a	a	DET
ftr-421	322	11	loss	loss	NOUN
ftr-421	322	12	of	of	ADP
ftr-421	322	13	value	value	NOUN
ftr-421	322	14	to	to	ADP
ftr-421	322	15	the	the	DET
ftr-421	322	16	historic	historic	ADJ
ftr-421	322	17	partners	partner	NOUN
ftr-421	322	18	.	.	PUNCT
ftr-421	323	1	to	to	ADP
ftr-421	323	2	the	the	DET
ftr-421	323	3	extent	extent	NOUN
ftr-421	323	4	that	that	SCONJ
ftr-421	323	5	the	the	DET
ftr-421	323	6	previously	previously	ADV
ftr-421	323	7	unbooked52	unbooked52	ADJ
ftr-421	323	8	appreciation	appreciation	NOUN
ftr-421	323	9	will	will	AUX
ftr-421	323	10	eventually	eventually	ADV
ftr-421	323	11	be	be	AUX
ftr-421	323	12	taxed	tax	VERB
ftr-421	323	13	entirely	entirely	ADV
ftr-421	323	14	to	to	ADP
ftr-421	323	15	the	the	DET
ftr-421	323	16	option	option	NOUN
ftr-421	323	17	holder	holder	NOUN
ftr-421	323	18	,	,	PUNCT
ftr-421	323	19	however	however	ADV
ftr-421	323	20	,	,	PUNCT
ftr-421	323	21	the	the	DET
ftr-421	323	22	historic	historic	ADJ
ftr-421	323	23	partners	partner	NOUN
ftr-421	323	24	are	be	AUX
ftr-421	323	25	not	not	PART
ftr-421	323	26	entitled	entitle	VERB
ftr-421	323	27	to	to	ADP
ftr-421	323	28	any	any	DET
ftr-421	323	29	tax	tax	NOUN
ftr-421	323	30	loss	loss	NOUN
ftr-421	323	31	to	to	PART
ftr-421	323	32	match	match	VERB
ftr-421	323	33	their	their	PRON
ftr-421	323	34	economic	economic	ADJ
ftr-421	323	35	loss.53	loss.53	NOUN
ftr-421	323	36	the	the	DET
ftr-421	323	37	proposed	propose	VERB
ftr-421	323	38	regulations	regulation	NOUN
ftr-421	323	39	reject	reject	VERB
ftr-421	323	40	the	the	DET
ftr-421	323	41	notion	notion	NOUN
ftr-421	323	42	of	of	ADP
ftr-421	323	43	taxing	tax	VERB
ftr-421	323	44	the	the	DET
ftr-421	323	45	historic	historic	ADJ
ftr-421	323	46	partners	partner	NOUN
ftr-421	323	47	on	on	ADP
ftr-421	323	48	the	the	DET
ftr-421	323	49	unrealized	unrealized	ADJ
ftr-421	323	50	appreciation	appreciation	NOUN
ftr-421	323	51	transferred	transfer	VERB
ftr-421	323	52	to	to	ADP
ftr-421	323	53	the	the	DET
ftr-421	323	54	option	option	NOUN
ftr-421	323	55	holder	holder	NOUN
ftr-421	323	56	as	as	ADP
ftr-421	323	57	part	part	NOUN
ftr-421	323	58	of	of	ADP
ftr-421	323	59	the	the	DET
ftr-421	323	60	bargain	bargain	NOUN
ftr-421	323	61	purchase	purchase	NOUN
ftr-421	323	62	.	.	PUNCT
ftr-421	324	1	as	as	SCONJ
ftr-421	324	2	one	one	NUM
ftr-421	324	3	commentator	commentator	NOUN
ftr-421	324	4	noted	note	VERB
ftr-421	324	5	,	,	PUNCT
ftr-421	324	6	treating	treat	VERB
ftr-421	324	7	the	the	DET
ftr-421	324	8	shift	shift	NOUN
ftr-421	324	9	in	in	ADP
ftr-421	324	10	unrealized54	unrealized54	ADJ
ftr-421	324	11	appreciation	appreciation	NOUN
ftr-421	324	12	as	as	ADP
ftr-421	324	13	a	a	DET
ftr-421	324	14	taxable	taxable	ADJ
ftr-421	324	15	event	event	NOUN
ftr-421	324	16	would	would	AUX
ftr-421	324	17	mean	mean	VERB
ftr-421	324	18	that	that	SCONJ
ftr-421	324	19	the	the	DET
ftr-421	324	20	historic	historic	ADJ
ftr-421	324	21	partners	partner	NOUN
ftr-421	324	22	“	"	PUNCT
ftr-421	324	23	would	would	AUX
ftr-421	324	24	be	be	AUX
ftr-421	324	25	taxed	tax	VERB
ftr-421	324	26	not	not	PART
ftr-421	324	27	on	on	ADP
ftr-421	324	28	an	an	DET
ftr-421	324	29	accession	accession	NOUN
ftr-421	324	30	to	to	ADP
ftr-421	324	31	wealth	wealth	NOUN
ftr-421	324	32	,	,	PUNCT
ftr-421	324	33	the	the	DET
ftr-421	324	34	value	value	NOUN
ftr-421	324	35	they	they	PRON
ftr-421	324	36	received	receive	VERB
ftr-421	324	37	,	,	PUNCT
ftr-421	324	38	but	but	CCONJ
ftr-421	324	39	on	on	ADP
ftr-421	324	40	a	a	DET
ftr-421	324	41	deaccession	deaccession	NOUN
ftr-421	324	42	to	to	ADP
ftr-421	324	43	wealth	wealth	NOUN
ftr-421	324	44	,	,	PUNCT
ftr-421	324	45	value	value	NOUN
ftr-421	324	46	they	they	PRON
ftr-421	324	47	had	have	VERB
ftr-421	324	48	forever	forever	ADV
ftr-421	324	49	foregone	foregone	NOUN
ftr-421	324	50	.	.	PUNCT
ftr-421	325	1	”55	”55	PROPN
ftr-421	325	2	from	from	ADP
ftr-421	325	3	the	the	DET
ftr-421	325	4	option	option	NOUN
ftr-421	325	5	holder	holder	NOUN
ftr-421	325	6	’s	’s	PART
ftr-421	325	7	perspective	perspective	NOUN
ftr-421	325	8	,	,	PUNCT
ftr-421	325	9	receipt	receipt	NOUN
ftr-421	325	10	of	of	ADP
ftr-421	325	11	a	a	DET
ftr-421	325	12	partnership	partnership	NOUN
ftr-421	325	13	interest	interest	NOUN
ftr-421	325	14	upon	upon	SCONJ
ftr-421	325	15	exercise	exercise	NOUN
ftr-421	325	16	of	of	ADP
ftr-421	325	17	the	the	DET
ftr-421	325	18	option	option	NOUN
ftr-421	325	19	is	be	AUX
ftr-421	325	20	a	a	DET
ftr-421	325	21	tax	tax	NOUN
ftr-421	325	22	-	-	PUNCT
ftr-421	325	23	free	free	ADJ
ftr-421	325	24	event	event	NOUN
ftr-421	325	25	,	,	PUNCT
ftr-421	325	26	based	base	VERB
ftr-421	325	27	on	on	ADP
ftr-421	325	28	section	section	NOUN
ftr-421	325	29	721	721	NUM
ftr-421	325	30	and	and	CCONJ
ftr-421	325	31	general	general	ADJ
ftr-421	325	32	open	open	ADJ
ftr-421	325	33	-	-	PUNCT
ftr-421	325	34	transaction	transaction	NOUN
ftr-421	325	35	principles	principle	NOUN
ftr-421	325	36	applicable	applicable	ADJ
ftr-421	325	37	to	to	ADP
ftr-421	325	38	options	option	NOUN
ftr-421	325	39	.	.	PUNCT
ftr-421	326	1	in	in	ADP
ftr-421	326	2	acquiring	acquire	VERB
ftr-421	326	3	the	the	DET
ftr-421	326	4	option	option	NOUN
ftr-421	326	5	,	,	PUNCT
ftr-421	326	6	the56	the56	PROPN
ftr-421	326	7	option	option	NOUN
ftr-421	326	8	holder	holder	NOUN
ftr-421	326	9	has	have	AUX
ftr-421	326	10	bargained	bargain	VERB
ftr-421	326	11	for	for	ADP
ftr-421	326	12	the	the	DET
ftr-421	326	13	right	right	NOUN
ftr-421	326	14	to	to	PART
ftr-421	326	15	acquire	acquire	VERB
ftr-421	326	16	a	a	DET
ftr-421	326	17	capital	capital	NOUN
ftr-421	326	18	account	account	NOUN
ftr-421	326	19	in	in	ADP
ftr-421	326	20	excess	excess	ADJ
ftr-421	326	21	51	51	NUM
ftr-421	326	22	.	.	PUNCT
ftr-421	327	1	see	see	VERB
ftr-421	327	2	prop	prop	NOUN
ftr-421	327	3	.	.	PUNCT
ftr-421	328	1	regs	regs	PROPN
ftr-421	328	2	.	.	PUNCT
ftr-421	329	1	§	§	PROPN
ftr-421	329	2	1.704	1.704	NUM
ftr-421	329	3	-	-	NUM
ftr-421	329	4	1(b)(2)(iv)(s)(4	1(b)(2)(iv)(s)(4	NUM
ftr-421	329	5	)	)	PUNCT
ftr-421	329	6	.	.	PUNCT
ftr-421	330	1	a	a	DET
ftr-421	330	2	corrective	corrective	ADJ
ftr-421	330	3	allocation	allocation	NOUN
ftr-421	330	4	is	be	AUX
ftr-421	330	5	an	an	DET
ftr-421	330	6	allocation	allocation	NOUN
ftr-421	330	7	for	for	ADP
ftr-421	330	8	tax	tax	NOUN
ftr-421	330	9	purposes	purpose	NOUN
ftr-421	330	10	of	of	ADP
ftr-421	330	11	gross	gross	ADJ
ftr-421	330	12	income	income	NOUN
ftr-421	330	13	or	or	CCONJ
ftr-421	330	14	other	other	ADJ
ftr-421	330	15	items	item	NOUN
ftr-421	330	16	that	that	PRON
ftr-421	330	17	differs	differ	VERB
ftr-421	330	18	from	from	ADP
ftr-421	330	19	the	the	DET
ftr-421	330	20	partnership	partnership	NOUN
ftr-421	330	21	’s	’s	PART
ftr-421	330	22	allocation	allocation	NOUN
ftr-421	330	23	of	of	ADP
ftr-421	330	24	the	the	DET
ftr-421	330	25	corresponding	correspond	VERB
ftr-421	330	26	book	book	NOUN
ftr-421	330	27	items	item	NOUN
ftr-421	330	28	.	.	PUNCT
ftr-421	331	1	see	see	VERB
ftr-421	331	2	prop	prop	NOUN
ftr-421	331	3	.	.	PUNCT
ftr-421	332	1	regs	regs	PROPN
ftr-421	332	2	.	.	PUNCT
ftr-421	333	1	§	§	PROPN
ftr-421	333	2	1.7041(b)(4)(x	1.7041(b)(4)(x	NUM
ftr-421	333	3	)	)	PUNCT
ftr-421	333	4	.	.	PUNCT
ftr-421	334	1	if	if	SCONJ
ftr-421	334	2	the	the	DET
ftr-421	334	3	partnership	partnership	NOUN
ftr-421	334	4	has	have	VERB
ftr-421	334	5	significant	significant	ADJ
ftr-421	334	6	gross	gross	ADJ
ftr-421	334	7	income	income	NOUN
ftr-421	334	8	,	,	PUNCT
ftr-421	334	9	corrective	corrective	ADJ
ftr-421	334	10	allocations	allocation	NOUN
ftr-421	334	11	may	may	AUX
ftr-421	334	12	trigger	trigger	VERB
ftr-421	334	13	immediate	immediate	ADJ
ftr-421	334	14	income	income	NOUN
ftr-421	334	15	to	to	ADP
ftr-421	334	16	the	the	DET
ftr-421	334	17	option	option	NOUN
ftr-421	334	18	holder	holder	NOUN
ftr-421	334	19	,	,	PUNCT
ftr-421	334	20	reducing	reduce	VERB
ftr-421	334	21	the	the	DET
ftr-421	334	22	historic	historic	ADJ
ftr-421	334	23	partners	partner	NOUN
ftr-421	334	24	’	'	PUNCT
ftr-421	334	25	share	share	NOUN
ftr-421	334	26	of	of	ADP
ftr-421	334	27	income	income	NOUN
ftr-421	334	28	and	and	CCONJ
ftr-421	334	29	eliminating	eliminate	VERB
ftr-421	334	30	any	any	DET
ftr-421	334	31	deferral	deferral	NOUN
ftr-421	334	32	to	to	ADP
ftr-421	334	33	the	the	DET
ftr-421	334	34	option	option	NOUN
ftr-421	334	35	holder	holder	NOUN
ftr-421	334	36	.	.	PUNCT
ftr-421	335	1	52	52	NUM
ftr-421	335	2	.	.	PUNCT
ftr-421	336	1	alternatively	alternatively	ADV
ftr-421	336	2	,	,	PUNCT
ftr-421	336	3	the	the	DET
ftr-421	336	4	option	option	NOUN
ftr-421	336	5	holder	holder	NOUN
ftr-421	336	6	could	could	AUX
ftr-421	336	7	be	be	AUX
ftr-421	336	8	viewed	view	VERB
ftr-421	336	9	as	as	ADP
ftr-421	336	10	having	having	AUX
ftr-421	336	11	been	be	AUX
ftr-421	336	12	entitled	entitle	VERB
ftr-421	336	13	to	to	ADP
ftr-421	336	14	a	a	DET
ftr-421	336	15	share	share	NOUN
ftr-421	336	16	of	of	ADP
ftr-421	336	17	appreciation	appreciation	NOUN
ftr-421	336	18	from	from	ADP
ftr-421	336	19	the	the	DET
ftr-421	336	20	outset	outset	NOUN
ftr-421	336	21	.	.	PUNCT
ftr-421	337	1	see	see	VERB
ftr-421	337	2	gergen	gergen	ADV
ftr-421	337	3	,	,	PUNCT
ftr-421	337	4	supra	supra	PROPN
ftr-421	337	5	note	note	VERB
ftr-421	337	6	37	37	NUM
ftr-421	337	7	,	,	PUNCT
ftr-421	337	8	at	at	ADP
ftr-421	337	9	357	357	NUM
ftr-421	337	10	n.49	n.49	PART
ftr-421	337	11	(	(	PUNCT
ftr-421	337	12	“	"	PUNCT
ftr-421	337	13	in	in	ADP
ftr-421	337	14	truth	truth	NOUN
ftr-421	337	15	,	,	PUNCT
ftr-421	337	16	the	the	DET
ftr-421	337	17	original	original	ADJ
ftr-421	337	18	partners	partner	NOUN
ftr-421	337	19	give	give	VERB
ftr-421	337	20	up	up	ADP
ftr-421	337	21	and	and	CCONJ
ftr-421	337	22	get	get	VERB
ftr-421	337	23	nothing	nothing	PRON
ftr-421	337	24	on	on	ADP
ftr-421	337	25	exercise	exercise	NOUN
ftr-421	337	26	for	for	ADP
ftr-421	337	27	the	the	DET
ftr-421	337	28	option	option	NOUN
ftr-421	337	29	holder	holder	NOUN
ftr-421	337	30	always	always	ADV
ftr-421	337	31	had	have	VERB
ftr-421	337	32	a	a	DET
ftr-421	337	33	claim	claim	NOUN
ftr-421	337	34	on	on	ADP
ftr-421	337	35	asset	asset	NOUN
ftr-421	337	36	appreciation	appreciation	NOUN
ftr-421	337	37	.	.	PUNCT
ftr-421	337	38	”	"	PUNCT
ftr-421	337	39	)	)	PUNCT
ftr-421	337	40	.	.	PUNCT
ftr-421	338	1	53	53	NUM
ftr-421	338	2	.	.	PUNCT
ftr-421	339	1	thus	thus	ADV
ftr-421	339	2	,	,	PUNCT
ftr-421	339	3	corrective	corrective	ADJ
ftr-421	339	4	allocations	allocation	NOUN
ftr-421	339	5	are	be	AUX
ftr-421	339	6	necessary	necessary	ADJ
ftr-421	339	7	only	only	ADV
ftr-421	339	8	with	with	ADP
ftr-421	339	9	respect	respect	NOUN
ftr-421	339	10	to	to	ADP
ftr-421	339	11	capital	capital	NOUN
ftr-421	339	12	account	account	NOUN
ftr-421	339	13	reallocations	reallocation	NOUN
ftr-421	339	14	which	which	PRON
ftr-421	339	15	represent	represent	VERB
ftr-421	339	16	shifts	shift	NOUN
ftr-421	339	17	in	in	ADP
ftr-421	339	18	value	value	NOUN
ftr-421	339	19	that	that	PRON
ftr-421	339	20	have	have	AUX
ftr-421	339	21	already	already	ADV
ftr-421	339	22	been	be	AUX
ftr-421	339	23	taken	take	VERB
ftr-421	339	24	into	into	ADP
ftr-421	339	25	account	account	NOUN
ftr-421	339	26	for	for	ADP
ftr-421	339	27	book	book	NOUN
ftr-421	339	28	purposes	purpose	NOUN
ftr-421	339	29	.	.	PUNCT
ftr-421	340	1	54	54	NUM
ftr-421	340	2	.	.	PUNCT
ftr-421	341	1	although	although	SCONJ
ftr-421	341	2	the	the	DET
ftr-421	341	3	regulations	regulation	NOUN
ftr-421	341	4	do	do	AUX
ftr-421	341	5	not	not	PART
ftr-421	341	6	specifically	specifically	ADV
ftr-421	341	7	state	state	VERB
ftr-421	341	8	that	that	SCONJ
ftr-421	341	9	the	the	DET
ftr-421	341	10	historic	historic	ADJ
ftr-421	341	11	partners	partner	NOUN
ftr-421	341	12	are	be	AUX
ftr-421	341	13	entitled	entitle	VERB
ftr-421	341	14	to	to	ADP
ftr-421	341	15	nonrecognition	nonrecognition	NOUN
ftr-421	341	16	treatment	treatment	NOUN
ftr-421	341	17	upon	upon	SCONJ
ftr-421	341	18	a	a	DET
ftr-421	341	19	capital	capital	NOUN
ftr-421	341	20	shift	shift	NOUN
ftr-421	341	21	,	,	PUNCT
ftr-421	341	22	the	the	DET
ftr-421	341	23	examples	example	NOUN
ftr-421	341	24	confirm	confirm	VERB
ftr-421	341	25	such	such	ADJ
ftr-421	341	26	treatment	treatment	NOUN
ftr-421	341	27	.	.	PUNCT
ftr-421	342	1	see	see	VERB
ftr-421	342	2	,	,	PUNCT
ftr-421	342	3	e.g.	e.g.	ADV
ftr-421	342	4	,	,	PUNCT
ftr-421	342	5	prop	prop	NOUN
ftr-421	342	6	.	.	PUNCT
ftr-421	342	7	regs	regs	PROPN
ftr-421	342	8	.	.	PUNCT
ftr-421	343	1	§	§	PROPN
ftr-421	343	2	1.704	1.704	NUM
ftr-421	343	3	-	-	NUM
ftr-421	343	4	1(b)(5	1(b)(5	NUM
ftr-421	343	5	)	)	PUNCT
ftr-421	343	6	ex	ex	NOUN
ftr-421	343	7	.	.	PROPN
ftr-421	343	8	21	21	NUM
ftr-421	343	9	.	.	PUNCT
ftr-421	343	10	55	55	NUM
ftr-421	343	11	.	.	PUNCT
ftr-421	344	1	simon	simon	PROPN
ftr-421	344	2	friedman	friedman	PROPN
ftr-421	344	3	,	,	PUNCT
ftr-421	344	4	a	a	DET
ftr-421	344	5	better	well	ADJ
ftr-421	344	6	tax	tax	NOUN
ftr-421	344	7	treatment	treatment	NOUN
ftr-421	344	8	of	of	ADP
ftr-421	344	9	compensatory	compensatory	ADJ
ftr-421	344	10	options	option	NOUN
ftr-421	344	11	,	,	PUNCT
ftr-421	344	12	90	90	NUM
ftr-421	344	13	tax	tax	NOUN
ftr-421	344	14	notes	note	NOUN
ftr-421	344	15	1107	1107	NUM
ftr-421	344	16	,	,	PUNCT
ftr-421	344	17	1107	1107	NUM
ftr-421	344	18	(	(	PUNCT
ftr-421	344	19	feb	feb	PROPN
ftr-421	344	20	.	.	PROPN
ftr-421	344	21	19	19	NUM
ftr-421	344	22	,	,	PUNCT
ftr-421	344	23	2001	2001	NUM
ftr-421	344	24	)	)	PUNCT
ftr-421	344	25	.	.	PUNCT
ftr-421	345	1	56	56	NUM
ftr-421	345	2	.	.	X
ftr-421	346	1	see	see	VERB
ftr-421	346	2	preamble	preamble	ADJ
ftr-421	346	3	,	,	PUNCT
ftr-421	346	4	supra	supra	ADJ
ftr-421	346	5	note	note	NOUN
ftr-421	346	6	39	39	NUM
ftr-421	346	7	,	,	PUNCT
ftr-421	346	8	at	at	ADP
ftr-421	346	9	544	544	NUM
ftr-421	346	10	.	.	PUNCT
ftr-421	347	1	see	see	AUX
ftr-421	347	2	also	also	ADV
ftr-421	347	3	rev	rev	VERB
ftr-421	347	4	.	.	PUNCT
ftr-421	348	1	rul	rul	NOUN
ftr-421	348	2	.	.	PUNCT
ftr-421	349	1	78	78	NUM
ftr-421	349	2	-	-	SYM
ftr-421	349	3	182	182	NUM
ftr-421	349	4	,	,	PUNCT
ftr-421	349	5	1978	1978	NUM
ftr-421	349	6	-	-	SYM
ftr-421	349	7	1	1	NUM
ftr-421	349	8	c.b	c.b	PROPN
ftr-421	349	9	.	.	PROPN
ftr-421	349	10	265	265	NUM
ftr-421	349	11	(	(	PUNCT
ftr-421	349	12	from	from	ADP
ftr-421	349	13	the	the	DET
ftr-421	349	14	option	option	NOUN
ftr-421	349	15	holder	holder	NOUN
ftr-421	349	16	’s	’s	PART
ftr-421	349	17	perspective	perspective	NOUN
ftr-421	349	18	,	,	PUNCT
ftr-421	349	19	purchase	purchase	NOUN
ftr-421	349	20	of	of	ADP
ftr-421	349	21	an	an	DET
ftr-421	349	22	option	option	NOUN
ftr-421	349	23	is	be	AUX
ftr-421	349	24	merely	merely	ADV
ftr-421	349	25	an	an	DET
ftr-421	349	26	investment	investment	NOUN
ftr-421	349	27	in	in	ADP
ftr-421	349	28	the	the	DET
ftr-421	349	29	option	option	NOUN
ftr-421	349	30	)	)	PUNCT
ftr-421	349	31	.	.	PUNCT
ftr-421	350	1	664	664	NUM
ftr-421	350	2	florida	florida	PROPN
ftr-421	350	3	tax	tax	NOUN
ftr-421	350	4	review	review	NOUN
ftr-421	350	5	[	[	X
ftr-421	350	6	vol.6:6	vol.6:6	NOUN
ftr-421	350	7	of	of	ADP
ftr-421	350	8	the	the	DET
ftr-421	350	9	amount	amount	NOUN
ftr-421	350	10	of	of	ADP
ftr-421	350	11	his	his	PRON
ftr-421	350	12	contributions	contribution	NOUN
ftr-421	350	13	.	.	PUNCT
ftr-421	351	1	thus	thus	ADV
ftr-421	351	2	,	,	PUNCT
ftr-421	351	3	the	the	DET
ftr-421	351	4	option	option	NOUN
ftr-421	351	5	holder	holder	NOUN
ftr-421	351	6	has	have	AUX
ftr-421	351	7	simply	simply	ADV
ftr-421	351	8	made	make	VERB
ftr-421	351	9	a	a	DET
ftr-421	351	10	bargain	bargain	NOUN
ftr-421	351	11	purchase	purchase	NOUN
ftr-421	351	12	of	of	ADP
ftr-421	351	13	a	a	DET
ftr-421	351	14	partnership	partnership	NOUN
ftr-421	351	15	interest	interest	NOUN
ftr-421	351	16	or	or	CCONJ
ftr-421	351	17	,	,	PUNCT
ftr-421	351	18	equivalently	equivalently	ADV
ftr-421	351	19	,	,	PUNCT
ftr-421	351	20	a	a	DET
ftr-421	351	21	share	share	NOUN
ftr-421	351	22	of	of	ADP
ftr-421	351	23	partnership	partnership	NOUN
ftr-421	351	24	assets	asset	NOUN
ftr-421	351	25	.	.	PUNCT
ftr-421	352	1	generally	generally	ADV
ftr-421	352	2	,	,	PUNCT
ftr-421	352	3	an	an	DET
ftr-421	352	4	option	option	NOUN
ftr-421	352	5	to	to	PART
ftr-421	352	6	acquire	acquire	VERB
ftr-421	352	7	a	a	DET
ftr-421	352	8	partnership	partnership	NOUN
ftr-421	352	9	interest	interest	NOUN
ftr-421	352	10	is	be	AUX
ftr-421	352	11	likely	likely	ADJ
ftr-421	352	12	to	to	PART
ftr-421	352	13	be	be	AUX
ftr-421	352	14	“	"	PUNCT
ftr-421	352	15	out	out	ADP
ftr-421	352	16	of	of	ADP
ftr-421	352	17	the	the	DET
ftr-421	352	18	money	money	NOUN
ftr-421	352	19	”	"	PUNCT
ftr-421	352	20	at	at	ADP
ftr-421	352	21	the	the	DET
ftr-421	352	22	time	time	NOUN
ftr-421	352	23	of	of	ADP
ftr-421	352	24	grant	grant	NOUN
ftr-421	352	25	,	,	PUNCT
ftr-421	352	26	since	since	SCONJ
ftr-421	352	27	the	the	DET
ftr-421	352	28	holder	holder	NOUN
ftr-421	352	29	is	be	AUX
ftr-421	352	30	speculating	speculate	VERB
ftr-421	352	31	on	on	ADP
ftr-421	352	32	future	future	ADJ
ftr-421	352	33	appreciation	appreciation	NOUN
ftr-421	352	34	in	in	ADP
ftr-421	352	35	the	the	DET
ftr-421	352	36	property	property	NOUN
ftr-421	352	37	subject	subject	NOUN
ftr-421	352	38	to	to	ADP
ftr-421	352	39	the	the	DET
ftr-421	352	40	option	option	NOUN
ftr-421	352	41	.	.	PUNCT
ftr-421	353	1	by	by	ADP
ftr-421	353	2	contrast	contrast	NOUN
ftr-421	353	3	,	,	PUNCT
ftr-421	353	4	a	a	DET
ftr-421	353	5	hypothetical	hypothetical	ADJ
ftr-421	353	6	option	option	NOUN
ftr-421	353	7	to	to	PART
ftr-421	353	8	acquire	acquire	VERB
ftr-421	353	9	a	a	DET
ftr-421	353	10	discounted	discount	VERB
ftr-421	353	11	partnership	partnership	NOUN
ftr-421	353	12	interest	interest	NOUN
ftr-421	353	13	,	,	PUNCT
ftr-421	353	14	as	as	ADP
ftr-421	353	15	in	in	ADP
ftr-421	353	16	the	the	DET
ftr-421	353	17	above	above	ADJ
ftr-421	353	18	example	example	NOUN
ftr-421	353	19	,	,	PUNCT
ftr-421	353	20	is	be	AUX
ftr-421	353	21	likely	likely	ADJ
ftr-421	353	22	to	to	PART
ftr-421	353	23	be	be	AUX
ftr-421	353	24	“	"	PUNCT
ftr-421	353	25	in	in	ADP
ftr-421	353	26	the	the	DET
ftr-421	353	27	money	money	NOUN
ftr-421	353	28	”	"	PUNCT
ftr-421	353	29	at	at	ADP
ftr-421	353	30	the	the	DET
ftr-421	353	31	time	time	NOUN
ftr-421	353	32	of	of	ADP
ftr-421	353	33	grant	grant	NOUN
ftr-421	353	34	if	if	SCONJ
ftr-421	353	35	the	the	DET
ftr-421	353	36	property	property	NOUN
ftr-421	353	37	subject	subject	NOUN
ftr-421	353	38	to	to	ADP
ftr-421	353	39	the	the	DET
ftr-421	353	40	option	option	NOUN
ftr-421	353	41	is	be	AUX
ftr-421	353	42	viewed	view	VERB
ftr-421	353	43	as	as	ADP
ftr-421	353	44	a	a	DET
ftr-421	353	45	share	share	NOUN
ftr-421	353	46	of	of	ADP
ftr-421	353	47	the	the	DET
ftr-421	353	48	underlying	underlie	VERB
ftr-421	353	49	partnership	partnership	NOUN
ftr-421	353	50	assets	asset	NOUN
ftr-421	353	51	.	.	PUNCT
ftr-421	354	1	from	from	ADP
ftr-421	354	2	this	this	DET
ftr-421	354	3	perspective	perspective	NOUN
ftr-421	354	4	,	,	PUNCT
ftr-421	354	5	the	the	DET
ftr-421	354	6	option	option	NOUN
ftr-421	354	7	privilege	privilege	NOUN
ftr-421	354	8	represents	represent	VERB
ftr-421	354	9	the	the	DET
ftr-421	354	10	ability	ability	NOUN
ftr-421	354	11	of	of	ADP
ftr-421	354	12	the	the	DET
ftr-421	354	13	option	option	NOUN
ftr-421	354	14	holder	holder	NOUN
ftr-421	354	15	to	to	PART
ftr-421	354	16	unlock	unlock	VERB
ftr-421	354	17	excess	excess	ADJ
ftr-421	354	18	inside	inside	ADJ
ftr-421	354	19	value	value	NOUN
ftr-421	354	20	upon	upon	SCONJ
ftr-421	354	21	a	a	DET
ftr-421	354	22	sale	sale	NOUN
ftr-421	354	23	of	of	ADP
ftr-421	354	24	the	the	DET
ftr-421	354	25	partnership	partnership	NOUN
ftr-421	354	26	’s	’s	PART
ftr-421	354	27	assets	asset	NOUN
ftr-421	354	28	or	or	CCONJ
ftr-421	354	29	a	a	DET
ftr-421	354	30	liquidation	liquidation	NOUN
ftr-421	354	31	of	of	ADP
ftr-421	354	32	the	the	DET
ftr-421	354	33	partnership	partnership	NOUN
ftr-421	354	34	.	.	PUNCT
ftr-421	355	1	although	although	SCONJ
ftr-421	355	2	the	the	DET
ftr-421	355	3	economic	economic	ADJ
ftr-421	355	4	value	value	NOUN
ftr-421	355	5	of	of	ADP
ftr-421	355	6	such57	such57	NOUN
ftr-421	355	7	an	an	DET
ftr-421	355	8	option	option	NOUN
ftr-421	355	9	may	may	AUX
ftr-421	355	10	be	be	AUX
ftr-421	355	11	difficult	difficult	ADJ
ftr-421	355	12	to	to	PART
ftr-421	355	13	measure	measure	VERB
ftr-421	355	14	,	,	PUNCT
ftr-421	355	15	it	it	PRON
ftr-421	355	16	is	be	AUX
ftr-421	355	17	clearly	clearly	ADV
ftr-421	355	18	greater	great	ADJ
ftr-421	355	19	than	than	ADP
ftr-421	355	20	zero	zero	NUM
ftr-421	355	21	.	.	PUNCT
ftr-421	355	22	nor	nor	CCONJ
ftr-421	355	23	is	be	AUX
ftr-421	355	24	there	there	PRON
ftr-421	355	25	any	any	DET
ftr-421	355	26	reason	reason	NOUN
ftr-421	355	27	to	to	PART
ftr-421	355	28	believe	believe	VERB
ftr-421	355	29	that	that	SCONJ
ftr-421	355	30	the	the	DET
ftr-421	355	31	value	value	NOUN
ftr-421	355	32	of	of	ADP
ftr-421	355	33	the	the	DET
ftr-421	355	34	option	option	NOUN
ftr-421	355	35	is	be	AUX
ftr-421	355	36	accurately	accurately	ADV
ftr-421	355	37	reflected	reflect	VERB
ftr-421	355	38	in	in	ADP
ftr-421	355	39	the	the	DET
ftr-421	355	40	discounted	discount	VERB
ftr-421	355	41	value	value	NOUN
ftr-421	355	42	assigned	assign	VERB
ftr-421	355	43	to	to	ADP
ftr-421	355	44	the	the	DET
ftr-421	355	45	minority	minority	NOUN
ftr-421	355	46	partnership	partnership	NOUN
ftr-421	355	47	interest	interest	NOUN
ftr-421	355	48	when	when	SCONJ
ftr-421	355	49	the	the	DET
ftr-421	355	50	shifted	shift	VERB
ftr-421	355	51	value	value	NOUN
ftr-421	355	52	merely	merely	ADV
ftr-421	355	53	reappears	reappear	VERB
ftr-421	355	54	in	in	ADP
ftr-421	355	55	a	a	DET
ftr-421	355	56	related	relate	VERB
ftr-421	355	57	transferee	transferee	NOUN
ftr-421	355	58	’s	’s	PART
ftr-421	355	59	capital	capital	NOUN
ftr-421	355	60	account	account	PROPN
ftr-421	355	61	.	.	PUNCT
ftr-421	356	1	the	the	DET
ftr-421	356	2	proposed	propose	VERB
ftr-421	356	3	regulations	regulation	NOUN
ftr-421	356	4	suggest	suggest	VERB
ftr-421	356	5	the	the	DET
ftr-421	356	6	alternative	alternative	ADJ
ftr-421	356	7	possibility	possibility	NOUN
ftr-421	356	8	of	of	ADP
ftr-421	356	9	measuring	measure	VERB
ftr-421	356	10	the	the	DET
ftr-421	356	11	value	value	NOUN
ftr-421	356	12	of	of	ADP
ftr-421	356	13	the	the	DET
ftr-421	356	14	option	option	NOUN
ftr-421	356	15	privilege	privilege	NOUN
ftr-421	356	16	based	base	VERB
ftr-421	356	17	on	on	ADP
ftr-421	356	18	a	a	DET
ftr-421	356	19	liquidation	liquidation	NOUN
ftr-421	356	20	approach	approach	NOUN
ftr-421	356	21	.	.	PUNCT
ftr-421	357	1	for	for	ADP
ftr-421	357	2	example	example	NOUN
ftr-421	357	3	,	,	PUNCT
ftr-421	357	4	the	the	DET
ftr-421	357	5	proposed	propose	VERB
ftr-421	357	6	regulations	regulation	NOUN
ftr-421	357	7	require	require	VERB
ftr-421	357	8	the	the	DET
ftr-421	357	9	pre	pre	NOUN
ftr-421	357	10	-	-	ADJ
ftr-421	357	11	exercise	exercise	ADJ
ftr-421	357	12	“	"	PUNCT
ftr-421	357	13	fair	fair	ADJ
ftr-421	357	14	market	market	NOUN
ftr-421	357	15	value	value	NOUN
ftr-421	357	16	”	"	PUNCT
ftr-421	357	17	of	of	ADP
ftr-421	357	18	an	an	DET
ftr-421	357	19	option	option	NOUN
ftr-421	357	20	to	to	PART
ftr-421	357	21	be	be	AUX
ftr-421	357	22	determined	determine	VERB
ftr-421	357	23	in	in	ADP
ftr-421	357	24	connection	connection	NOUN
ftr-421	357	25	with	with	ADP
ftr-421	357	26	a	a	DET
ftr-421	357	27	revaluation	revaluation	NOUN
ftr-421	357	28	of	of	ADP
ftr-421	357	29	partnership	partnership	NOUN
ftr-421	357	30	assets	asset	NOUN
ftr-421	357	31	upon	upon	SCONJ
ftr-421	357	32	admission	admission	NOUN
ftr-421	357	33	of	of	ADP
ftr-421	357	34	a	a	DET
ftr-421	357	35	new	new	ADJ
ftr-421	357	36	partner	partner	NOUN
ftr-421	357	37	.	.	PUNCT
ftr-421	358	1	if	if	SCONJ
ftr-421	358	2	the	the	DET
ftr-421	358	3	revaluation	revaluation	NOUN
ftr-421	358	4	failed	fail	VERB
ftr-421	358	5	to	to	PART
ftr-421	358	6	take	take	VERB
ftr-421	358	7	the58	the58	ADV
ftr-421	358	8	fair	fair	ADJ
ftr-421	358	9	market	market	NOUN
ftr-421	358	10	value	value	NOUN
ftr-421	358	11	of	of	ADP
ftr-421	358	12	the	the	DET
ftr-421	358	13	option	option	NOUN
ftr-421	358	14	into	into	ADP
ftr-421	358	15	account	account	NOUN
ftr-421	358	16	,	,	PUNCT
ftr-421	358	17	the	the	DET
ftr-421	358	18	historic	historic	ADJ
ftr-421	358	19	partners	partner	NOUN
ftr-421	358	20	’	'	PUNCT
ftr-421	358	21	capital	capital	NOUN
ftr-421	358	22	accounts	account	NOUN
ftr-421	358	23	would	would	AUX
ftr-421	358	24	generally	generally	ADV
ftr-421	358	25	be	be	AUX
ftr-421	358	26	overstated	overstate	VERB
ftr-421	358	27	because	because	SCONJ
ftr-421	358	28	the	the	DET
ftr-421	358	29	option	option	NOUN
ftr-421	358	30	holder	holder	NOUN
ftr-421	358	31	may	may	AUX
ftr-421	358	32	ultimately	ultimately	ADV
ftr-421	358	33	be	be	AUX
ftr-421	358	34	entitled	entitle	VERB
ftr-421	358	35	to	to	ADP
ftr-421	358	36	a	a	DET
ftr-421	358	37	portion	portion	NOUN
ftr-421	358	38	of	of	ADP
ftr-421	358	39	the	the	DET
ftr-421	358	40	partnership	partnership	NOUN
ftr-421	358	41	’s	’s	PART
ftr-421	358	42	assets	asset	NOUN
ftr-421	358	43	.	.	PUNCT
ftr-421	359	1	in	in	ADP
ftr-421	359	2	this	this	DET
ftr-421	359	3	situation	situation	NOUN
ftr-421	359	4	,	,	PUNCT
ftr-421	359	5	the	the	DET
ftr-421	359	6	fair	fair	ADJ
ftr-421	359	7	market	market	NOUN
ftr-421	359	8	value	value	NOUN
ftr-421	359	9	of	of	ADP
ftr-421	359	10	an	an	DET
ftr-421	359	11	option	option	NOUN
ftr-421	359	12	is	be	AUX
ftr-421	359	13	deemed	deem	VERB
ftr-421	359	14	to	to	PART
ftr-421	359	15	be	be	AUX
ftr-421	359	16	equal	equal	ADJ
ftr-421	359	17	to	to	ADP
ftr-421	359	18	the	the	DET
ftr-421	359	19	value	value	NOUN
ftr-421	359	20	of	of	ADP
ftr-421	359	21	the	the	DET
ftr-421	359	22	assets	asset	NOUN
ftr-421	359	23	to	to	PART
ftr-421	359	24	which	which	PRON
ftr-421	359	25	the	the	DET
ftr-421	359	26	option	option	NOUN
ftr-421	359	27	holder	holder	NOUN
ftr-421	359	28	would	would	AUX
ftr-421	359	29	be	be	AUX
ftr-421	359	30	entitled	entitle	VERB
ftr-421	359	31	on	on	ADP
ftr-421	359	32	exercise	exercise	NOUN
ftr-421	359	33	of	of	ADP
ftr-421	359	34	the	the	DET
ftr-421	359	35	option	option	NOUN
ftr-421	359	36	followed	follow	VERB
ftr-421	359	37	by	by	ADP
ftr-421	359	38	an	an	DET
ftr-421	359	39	immediate	immediate	ADJ
ftr-421	359	40	liquidation	liquidation	NOUN
ftr-421	359	41	of	of	ADP
ftr-421	359	42	the	the	DET
ftr-421	359	43	partnership	partnership	NOUN
ftr-421	359	44	,	,	PUNCT
ftr-421	359	45	less	less	ADV
ftr-421	359	46	the	the	DET
ftr-421	359	47	exercise	exercise	NOUN
ftr-421	359	48	price	price	NOUN
ftr-421	359	49	.	.	PUNCT
ftr-421	360	1	by	by	ADP
ftr-421	360	2	identifying	identify	VERB
ftr-421	360	3	the	the	DET
ftr-421	360	4	fair	fair	ADJ
ftr-421	360	5	market	market	NOUN
ftr-421	360	6	value	value	NOUN
ftr-421	360	7	of	of	ADP
ftr-421	360	8	the	the	DET
ftr-421	360	9	option	option	NOUN
ftr-421	360	10	with	with	ADP
ftr-421	360	11	the	the	DET
ftr-421	360	12	share	share	NOUN
ftr-421	360	13	of59	of59	PROPN
ftr-421	360	14	underlying	underlie	VERB
ftr-421	360	15	partnership	partnership	NOUN
ftr-421	360	16	assets	asset	NOUN
ftr-421	360	17	to	to	PART
ftr-421	360	18	which	which	PRON
ftr-421	360	19	the	the	DET
ftr-421	360	20	option	option	NOUN
ftr-421	360	21	holder	holder	NOUN
ftr-421	360	22	would	would	AUX
ftr-421	360	23	be	be	AUX
ftr-421	360	24	entitled	entitle	VERB
ftr-421	360	25	,	,	PUNCT
ftr-421	360	26	the	the	DET
ftr-421	360	27	proposed	propose	VERB
ftr-421	360	28	regulations	regulation	NOUN
ftr-421	360	29	apparently	apparently	ADV
ftr-421	360	30	assume	assume	VERB
ftr-421	360	31	away	away	ADP
ftr-421	360	32	the	the	DET
ftr-421	360	33	problem	problem	NOUN
ftr-421	360	34	of	of	ADP
ftr-421	360	35	a	a	DET
ftr-421	360	36	discount	discount	NOUN
ftr-421	360	37	for	for	ADP
ftr-421	360	38	a	a	DET
ftr-421	360	39	minority	minority	NOUN
ftr-421	360	40	interest	interest	NOUN
ftr-421	360	41	.	.	PUNCT
ftr-421	361	1	of	of	ADP
ftr-421	361	2	course	course	NOUN
ftr-421	361	3	,	,	PUNCT
ftr-421	361	4	such	such	DET
ftr-421	361	5	a	a	DET
ftr-421	361	6	liquidation	liquidation	NOUN
ftr-421	361	7	approach	approach	NOUN
ftr-421	361	8	is	be	AUX
ftr-421	361	9	arguably60	arguably60	NOUN
ftr-421	361	10	57	57	NUM
ftr-421	361	11	.	.	PUNCT
ftr-421	362	1	see	see	VERB
ftr-421	362	2	lokken	lokken	PROPN
ftr-421	362	3	,	,	PUNCT
ftr-421	362	4	supra	supra	PROPN
ftr-421	362	5	note	note	PROPN
ftr-421	362	6	37	37	NUM
ftr-421	362	7	,	,	PUNCT
ftr-421	362	8	at	at	ADP
ftr-421	362	9	375	375	NUM
ftr-421	362	10	(	(	PUNCT
ftr-421	362	11	alternative	alternative	ADJ
ftr-421	362	12	view	view	NOUN
ftr-421	362	13	that	that	SCONJ
ftr-421	362	14	“	"	PUNCT
ftr-421	362	15	all	all	DET
ftr-421	362	16	partnership	partnership	NOUN
ftr-421	362	17	interests	interest	NOUN
ftr-421	362	18	are	be	AUX
ftr-421	362	19	minority	minority	NOUN
ftr-421	362	20	interests	interest	NOUN
ftr-421	362	21	,	,	PUNCT
ftr-421	362	22	none	none	NOUN
ftr-421	362	23	is	be	AUX
ftr-421	362	24	more	more	ADV
ftr-421	362	25	valuable	valuable	ADJ
ftr-421	362	26	than	than	ADP
ftr-421	362	27	any	any	DET
ftr-421	362	28	other	other	ADJ
ftr-421	362	29	and	and	CCONJ
ftr-421	362	30	the	the	DET
ftr-421	362	31	excess	excess	NOUN
ftr-421	362	32	of	of	ADP
ftr-421	362	33	inside	inside	ADJ
ftr-421	362	34	value	value	NOUN
ftr-421	362	35	over	over	ADP
ftr-421	362	36	outside	outside	ADJ
ftr-421	362	37	value	value	NOUN
ftr-421	362	38	does	do	AUX
ftr-421	362	39	not	not	PART
ftr-421	362	40	truly	truly	ADV
ftr-421	362	41	exist	exist	VERB
ftr-421	362	42	for	for	ADP
ftr-421	362	43	any	any	DET
ftr-421	362	44	partner	partner	NOUN
ftr-421	362	45	until	until	SCONJ
ftr-421	362	46	it	it	PRON
ftr-421	362	47	is	be	AUX
ftr-421	362	48	unlocked	unlock	VERB
ftr-421	362	49	by	by	ADP
ftr-421	362	50	sale	sale	NOUN
ftr-421	362	51	of	of	ADP
ftr-421	362	52	the	the	DET
ftr-421	362	53	[	[	X
ftr-421	362	54	partnership	partnership	NOUN
ftr-421	362	55	’s	’s	PART
ftr-421	362	56	assets	asset	NOUN
ftr-421	362	57	]	]	PUNCT
ftr-421	362	58	and	and	CCONJ
ftr-421	362	59	distribution	distribution	NOUN
ftr-421	362	60	of	of	ADP
ftr-421	362	61	the	the	DET
ftr-421	362	62	proceeds	proceed	NOUN
ftr-421	362	63	to	to	ADP
ftr-421	362	64	the	the	DET
ftr-421	362	65	partners	partner	NOUN
ftr-421	362	66	”	"	PUNCT
ftr-421	362	67	)	)	PUNCT
ftr-421	362	68	.	.	PUNCT
ftr-421	363	1	58	58	NUM
ftr-421	363	2	.	.	PUNCT
ftr-421	364	1	see	see	VERB
ftr-421	364	2	prop	prop	NOUN
ftr-421	364	3	.	.	PUNCT
ftr-421	365	1	regs	regs	PROPN
ftr-421	365	2	.	.	PUNCT
ftr-421	366	1	§	§	PROPN
ftr-421	366	2	1.704	1.704	NUM
ftr-421	366	3	-	-	NUM
ftr-421	366	4	1(b)(2)(iv)(h)(2	1(b)(2)(iv)(h)(2	NUM
ftr-421	366	5	)	)	PUNCT
ftr-421	366	6	.	.	PUNCT
ftr-421	367	1	59	59	NUM
ftr-421	367	2	.	.	PUNCT
ftr-421	368	1	although	although	SCONJ
ftr-421	368	2	the	the	DET
ftr-421	368	3	proposed	propose	VERB
ftr-421	368	4	regulations	regulation	NOUN
ftr-421	368	5	do	do	AUX
ftr-421	368	6	not	not	PART
ftr-421	368	7	specifically	specifically	ADV
ftr-421	368	8	prescribe	prescribe	VERB
ftr-421	368	9	the	the	DET
ftr-421	368	10	method	method	NOUN
ftr-421	368	11	of	of	ADP
ftr-421	368	12	determining	determine	VERB
ftr-421	368	13	an	an	DET
ftr-421	368	14	option	option	NOUN
ftr-421	368	15	’s	’s	PART
ftr-421	368	16	fair	fair	ADJ
ftr-421	368	17	market	market	NOUN
ftr-421	368	18	value	value	NOUN
ftr-421	368	19	,	,	PUNCT
ftr-421	368	20	the	the	DET
ftr-421	368	21	examples	example	NOUN
ftr-421	368	22	consistently	consistently	ADV
ftr-421	368	23	adopt	adopt	VERB
ftr-421	368	24	a	a	DET
ftr-421	368	25	liquidation	liquidation	NOUN
ftr-421	368	26	approach	approach	NOUN
ftr-421	368	27	.	.	PUNCT
ftr-421	369	1	see	see	VERB
ftr-421	369	2	,	,	PUNCT
ftr-421	369	3	e.g.	e.g.	ADV
ftr-421	369	4	,	,	PUNCT
ftr-421	369	5	prop	prop	NOUN
ftr-421	369	6	.	.	PUNCT
ftr-421	369	7	regs	regs	PROPN
ftr-421	369	8	.	.	PUNCT
ftr-421	370	1	§	§	PROPN
ftr-421	370	2	1.704	1.704	NUM
ftr-421	370	3	-	-	NUM
ftr-421	370	4	1(b)(5	1(b)(5	NUM
ftr-421	370	5	)	)	PUNCT
ftr-421	370	6	ex	ex	NOUN
ftr-421	370	7	.	.	NOUN
ftr-421	370	8	22	22	NUM
ftr-421	370	9	.	.	PUNCT
ftr-421	370	10	60	60	NUM
ftr-421	370	11	.	.	PUNCT
ftr-421	371	1	see	see	VERB
ftr-421	371	2	paul	paul	PROPN
ftr-421	371	3	carman	carman	PROPN
ftr-421	371	4	&	&	CCONJ
ftr-421	371	5	sheldon	sheldon	PROPN
ftr-421	371	6	i.	i.	PROPN
ftr-421	371	7	banoff	banoff	PROPN
ftr-421	371	8	,	,	PUNCT
ftr-421	371	9	proposed	propose	VERB
ftr-421	371	10	regulations	regulation	NOUN
ftr-421	371	11	on	on	ADP
ftr-421	371	12	noncompensatory	noncompensatory	ADJ
ftr-421	371	13	partnership	partnership	NOUN
ftr-421	371	14	options	option	NOUN
ftr-421	371	15	:	:	PUNCT
ftr-421	371	16	no	no	DET
ftr-421	371	17	gain	gain	NOUN
ftr-421	371	18	,	,	PUNCT
ftr-421	371	19	some	some	DET
ftr-421	371	20	pain	pain	NOUN
ftr-421	371	21	,	,	PUNCT
ftr-421	371	22	98	98	NUM
ftr-421	371	23	j.	j.	NOUN
ftr-421	371	24	tax’n	tax’n	NUM
ftr-421	371	25	197	197	NUM
ftr-421	371	26	,	,	PUNCT
ftr-421	371	27	221	221	NUM
ftr-421	371	28	-	-	SYM
ftr-421	371	29	22	22	NUM
ftr-421	371	30	(	(	PUNCT
ftr-421	371	31	apr	apr	PROPN
ftr-421	371	32	.	.	PROPN
ftr-421	371	33	2003	2003	NUM
ftr-421	371	34	)	)	PUNCT
ftr-421	371	35	(	(	PUNCT
ftr-421	371	36	noting	note	VERB
ftr-421	371	37	problems	problem	NOUN
ftr-421	371	38	that	that	PRON
ftr-421	371	39	arise	arise	VERB
ftr-421	371	40	if	if	SCONJ
ftr-421	371	41	discounts	discount	NOUN
ftr-421	371	42	are	be	AUX
ftr-421	371	43	taken	take	VERB
ftr-421	371	44	into	into	ADP
ftr-421	371	45	account	account	NOUN
ftr-421	371	46	in	in	ADP
ftr-421	371	47	determining	determine	VERB
ftr-421	371	48	the	the	DET
ftr-421	371	49	actual	actual	ADJ
ftr-421	371	50	fair	fair	ADJ
ftr-421	371	51	market	market	NOUN
ftr-421	371	52	value	value	NOUN
ftr-421	371	53	of	of	ADP
ftr-421	371	54	an	an	DET
ftr-421	371	55	option	option	NOUN
ftr-421	371	56	)	)	PUNCT
ftr-421	371	57	.	.	PUNCT
ftr-421	372	1	2004	2004	NUM
ftr-421	372	2	]	]	PUNCT
ftr-421	372	3	family	family	NOUN
ftr-421	372	4	limited	limit	VERB
ftr-421	372	5	partnerships	partnership	NOUN
ftr-421	372	6	665	665	NUM
ftr-421	372	7	unrealistic	unrealistic	ADJ
ftr-421	372	8	if	if	SCONJ
ftr-421	372	9	the	the	DET
ftr-421	372	10	option	option	NOUN
ftr-421	372	11	is	be	AUX
ftr-421	372	12	viewed	view	VERB
ftr-421	372	13	as	as	ADP
ftr-421	372	14	entitling	entitle	VERB
ftr-421	372	15	the	the	DET
ftr-421	372	16	option	option	NOUN
ftr-421	372	17	holder	holder	NOUN
ftr-421	372	18	only	only	ADV
ftr-421	372	19	to	to	ADP
ftr-421	372	20	a	a	DET
ftr-421	372	21	discounted	discount	VERB
ftr-421	372	22	partnership	partnership	NOUN
ftr-421	372	23	interest	interest	NOUN
ftr-421	372	24	,	,	PUNCT
ftr-421	372	25	not	not	PART
ftr-421	372	26	a	a	DET
ftr-421	372	27	proportionate	proportionate	ADJ
ftr-421	372	28	share	share	NOUN
ftr-421	372	29	of	of	ADP
ftr-421	372	30	partnership	partnership	NOUN
ftr-421	372	31	assets.61	assets.61	NOUN
ftr-421	372	32	in	in	ADP
ftr-421	372	33	other	other	ADJ
ftr-421	372	34	situations	situation	NOUN
ftr-421	372	35	involving	involve	VERB
ftr-421	372	36	transfers	transfer	NOUN
ftr-421	372	37	of	of	ADP
ftr-421	372	38	hard	hard	ADJ
ftr-421	372	39	-	-	PUNCT
ftr-421	372	40	to	to	ADP
ftr-421	372	41	-	-	PUNCT
ftr-421	372	42	value	value	NOUN
ftr-421	372	43	interests	interest	NOUN
ftr-421	372	44	,	,	PUNCT
ftr-421	372	45	however	however	ADV
ftr-421	372	46	,	,	PUNCT
ftr-421	372	47	the	the	DET
ftr-421	372	48	service	service	NOUN
ftr-421	372	49	has	have	AUX
ftr-421	372	50	also	also	ADV
ftr-421	372	51	used	use	VERB
ftr-421	372	52	a	a	DET
ftr-421	372	53	liquidation	liquidation	NOUN
ftr-421	372	54	approach	approach	NOUN
ftr-421	372	55	to	to	PART
ftr-421	372	56	measure	measure	VERB
ftr-421	372	57	the	the	DET
ftr-421	372	58	fair	fair	ADJ
ftr-421	372	59	market	market	NOUN
ftr-421	372	60	value	value	NOUN
ftr-421	372	61	of	of	ADP
ftr-421	372	62	the	the	DET
ftr-421	372	63	transferred	transfer	VERB
ftr-421	372	64	interest	interest	NOUN
ftr-421	372	65	.	.	PUNCT
ftr-421	373	1	for	for	ADP
ftr-421	373	2	example	example	NOUN
ftr-421	373	3	,	,	PUNCT
ftr-421	373	4	the	the	DET
ftr-421	373	5	service	service	NOUN
ftr-421	373	6	has	have	AUX
ftr-421	373	7	ruled	rule	VERB
ftr-421	373	8	that	that	SCONJ
ftr-421	373	9	the	the	DET
ftr-421	373	10	taxable	taxable	ADJ
ftr-421	373	11	value	value	NOUN
ftr-421	373	12	of	of	ADP
ftr-421	373	13	a	a	DET
ftr-421	373	14	partnership	partnership	NOUN
ftr-421	373	15	interest	interest	NOUN
ftr-421	373	16	received	receive	VERB
ftr-421	373	17	in	in	ADP
ftr-421	373	18	exchange	exchange	NOUN
ftr-421	373	19	for	for	ADP
ftr-421	373	20	services	service	NOUN
ftr-421	373	21	should	should	AUX
ftr-421	373	22	be	be	AUX
ftr-421	373	23	determined	determine	VERB
ftr-421	373	24	based	base	VERB
ftr-421	373	25	on	on	ADP
ftr-421	373	26	the	the	DET
ftr-421	373	27	liquidation	liquidation	NOUN
ftr-421	373	28	value	value	NOUN
ftr-421	373	29	of	of	ADP
ftr-421	373	30	the	the	DET
ftr-421	373	31	interest	interest	NOUN
ftr-421	373	32	.	.	PUNCT
ftr-421	374	1	in	in	ADP
ftr-421	374	2	effect,62	effect,62	NOUN
ftr-421	374	3	the	the	DET
ftr-421	374	4	liquidation	liquidation	NOUN
ftr-421	374	5	approach	approach	NOUN
ftr-421	374	6	disregards	disregard	VERB
ftr-421	374	7	certain	certain	ADJ
ftr-421	374	8	factors	factor	NOUN
ftr-421	374	9	(	(	PUNCT
ftr-421	374	10	e.g.	e.g.	ADV
ftr-421	374	11	,	,	PUNCT
ftr-421	374	12	rights	right	NOUN
ftr-421	374	13	to	to	PART
ftr-421	374	14	manage	manage	VERB
ftr-421	374	15	the	the	DET
ftr-421	374	16	partnership	partnership	NOUN
ftr-421	374	17	and	and	CCONJ
ftr-421	374	18	restrictions	restriction	NOUN
ftr-421	374	19	on	on	ADP
ftr-421	374	20	transferability	transferability	NOUN
ftr-421	374	21	)	)	PUNCT
ftr-421	374	22	that	that	PRON
ftr-421	374	23	theoretically	theoretically	ADV
ftr-421	374	24	should	should	AUX
ftr-421	374	25	be	be	AUX
ftr-421	374	26	taken	take	VERB
ftr-421	374	27	into	into	ADP
ftr-421	374	28	account	account	NOUN
ftr-421	374	29	in	in	ADP
ftr-421	374	30	valuing	value	VERB
ftr-421	374	31	such	such	DET
ftr-421	374	32	an	an	DET
ftr-421	374	33	interest	interest	NOUN
ftr-421	374	34	.	.	PUNCT
ftr-421	375	1	one	one	NUM
ftr-421	375	2	advantage	advantage	NOUN
ftr-421	375	3	of	of	ADP
ftr-421	375	4	the	the	DET
ftr-421	375	5	liquidation63	liquidation63	ADJ
ftr-421	375	6	approach	approach	NOUN
ftr-421	375	7	is	be	AUX
ftr-421	375	8	its	its	PRON
ftr-421	375	9	relative	relative	ADJ
ftr-421	375	10	ease	ease	NOUN
ftr-421	375	11	of	of	ADP
ftr-421	375	12	administration	administration	NOUN
ftr-421	375	13	,	,	PUNCT
ftr-421	375	14	since	since	SCONJ
ftr-421	375	15	it	it	PRON
ftr-421	375	16	requires	require	VERB
ftr-421	375	17	valuing	value	VERB
ftr-421	375	18	only	only	ADV
ftr-421	375	19	the	the	DET
ftr-421	375	20	partnership	partnership	NOUN
ftr-421	375	21	’s	’s	PART
ftr-421	375	22	underlying	underlie	VERB
ftr-421	375	23	assets	asset	NOUN
ftr-421	375	24	.	.	PUNCT
ftr-421	376	1	thus	thus	ADV
ftr-421	376	2	,	,	PUNCT
ftr-421	376	3	application	application	NOUN
ftr-421	376	4	of	of	ADP
ftr-421	376	5	subchapter	subchapter	NOUN
ftr-421	376	6	k	k	PROPN
ftr-421	376	7	rules	rule	NOUN
ftr-421	376	8	in64	in64	PROPN
ftr-421	376	9	other	other	ADJ
ftr-421	376	10	areas	area	NOUN
ftr-421	376	11	may	may	AUX
ftr-421	376	12	furnish	furnish	VERB
ftr-421	376	13	indirect	indirect	ADJ
ftr-421	376	14	support	support	NOUN
ftr-421	376	15	for	for	ADP
ftr-421	376	16	a	a	DET
ftr-421	376	17	liquidation	liquidation	NOUN
ftr-421	376	18	approach	approach	NOUN
ftr-421	376	19	in	in	ADP
ftr-421	376	20	determining	determine	VERB
ftr-421	376	21	the	the	DET
ftr-421	376	22	amount	amount	NOUN
ftr-421	376	23	of	of	ADP
ftr-421	376	24	a	a	DET
ftr-421	376	25	capital	capital	NOUN
ftr-421	376	26	shift	shift	NOUN
ftr-421	376	27	for	for	ADP
ftr-421	376	28	gift	gift	NOUN
ftr-421	376	29	and	and	CCONJ
ftr-421	376	30	estate	estate	NOUN
ftr-421	376	31	tax	tax	NOUN
ftr-421	376	32	purposes	purpose	NOUN
ftr-421	376	33	.	.	PUNCT
ftr-421	377	1	iv	iv	X
ftr-421	377	2	.	.	PUNCT
ftr-421	377	3	preserving	preserve	VERB
ftr-421	377	4	value	value	NOUN
ftr-421	377	5	to	to	ADP
ftr-421	377	6	the	the	DET
ftr-421	377	7	extent	extent	NOUN
ftr-421	377	8	that	that	SCONJ
ftr-421	377	9	the	the	DET
ftr-421	377	10	problem	problem	NOUN
ftr-421	377	11	of	of	ADP
ftr-421	377	12	disappearing	disappear	VERB
ftr-421	377	13	value	value	NOUN
ftr-421	377	14	flows	flow	NOUN
ftr-421	377	15	from	from	ADP
ftr-421	377	16	inconsistent	inconsistent	ADJ
ftr-421	377	17	valuation	valuation	NOUN
ftr-421	377	18	assumptions	assumption	NOUN
ftr-421	377	19	in	in	ADP
ftr-421	377	20	the	the	DET
ftr-421	377	21	separate	separate	ADJ
ftr-421	377	22	steps	step	NOUN
ftr-421	377	23	of	of	ADP
ftr-421	377	24	the	the	DET
ftr-421	377	25	transaction	transaction	NOUN
ftr-421	377	26	,	,	PUNCT
ftr-421	377	27	it	it	PRON
ftr-421	377	28	may	may	AUX
ftr-421	377	29	be	be	AUX
ftr-421	377	30	appropriate	appropriate	ADJ
ftr-421	377	31	to	to	PART
ftr-421	377	32	impose	impose	VERB
ftr-421	377	33	a	a	DET
ftr-421	377	34	consistent	consistent	ADJ
ftr-421	377	35	framework	framework	NOUN
ftr-421	377	36	for	for	ADP
ftr-421	377	37	valuing	value	VERB
ftr-421	377	38	the	the	DET
ftr-421	377	39	partnership	partnership	NOUN
ftr-421	377	40	interest	interest	NOUN
ftr-421	377	41	in	in	ADP
ftr-421	377	42	both	both	DET
ftr-421	377	43	steps	step	NOUN
ftr-421	377	44	.	.	PUNCT
ftr-421	378	1	a	a	DET
ftr-421	378	2	consistent	consistent	ADJ
ftr-421	378	3	valuation	valuation	NOUN
ftr-421	378	4	rule	rule	NOUN
ftr-421	378	5	could	could	AUX
ftr-421	378	6	be	be	AUX
ftr-421	378	7	formulated	formulate	VERB
ftr-421	378	8	in	in	ADP
ftr-421	378	9	any	any	PRON
ftr-421	378	10	of	of	ADP
ftr-421	378	11	several	several	ADJ
ftr-421	378	12	ways	way	NOUN
ftr-421	378	13	.	.	PUNCT
ftr-421	379	1	one	one	NUM
ftr-421	379	2	approach	approach	NOUN
ftr-421	379	3	,	,	PUNCT
ftr-421	379	4	based	base	VERB
ftr-421	379	5	on	on	ADP
ftr-421	379	6	the	the	DET
ftr-421	379	7	capital	capital	NOUN
ftr-421	379	8	account	account	NOUN
ftr-421	379	9	rules	rule	NOUN
ftr-421	379	10	of	of	ADP
ftr-421	379	11	subchapter	subchapter	NOUN
ftr-421	379	12	k	k	NOUN
ftr-421	379	13	,	,	PUNCT
ftr-421	379	14	would	would	AUX
ftr-421	379	15	deem	deem	VERB
ftr-421	379	16	the	the	DET
ftr-421	379	17	transferor	transferor	NOUN
ftr-421	379	18	’s	’s	PART
ftr-421	379	19	partnership	partnership	NOUN
ftr-421	379	20	interest	interest	NOUN
ftr-421	379	21	to	to	PART
ftr-421	379	22	have	have	VERB
ftr-421	379	23	a	a	DET
ftr-421	379	24	value	value	NOUN
ftr-421	379	25	equal	equal	ADJ
ftr-421	379	26	to	to	ADP
ftr-421	379	27	the	the	DET
ftr-421	379	28	assets	asset	NOUN
ftr-421	379	29	that	that	PRON
ftr-421	379	30	would	would	AUX
ftr-421	379	31	be	be	AUX
ftr-421	379	32	distributed	distribute	VERB
ftr-421	379	33	to	to	ADP
ftr-421	379	34	the	the	DET
ftr-421	379	35	transferor	transferor	NOUN
ftr-421	379	36	in	in	ADP
ftr-421	379	37	a	a	DET
ftr-421	379	38	hypothetical	hypothetical	ADJ
ftr-421	379	39	liquidation	liquidation	NOUN
ftr-421	379	40	of	of	ADP
ftr-421	379	41	the	the	DET
ftr-421	379	42	partnership	partnership	NOUN
ftr-421	379	43	.	.	PUNCT
ftr-421	380	1	under	under	ADP
ftr-421	380	2	this	this	DET
ftr-421	380	3	capital	capital	NOUN
ftr-421	380	4	account	account	NOUN
ftr-421	380	5	approach	approach	NOUN
ftr-421	380	6	,	,	PUNCT
ftr-421	380	7	there	there	PRON
ftr-421	380	8	would	would	AUX
ftr-421	380	9	still	still	ADV
ftr-421	380	10	be	be	AUX
ftr-421	380	11	no	no	DET
ftr-421	380	12	taxable	taxable	ADJ
ftr-421	380	13	gift	gift	NOUN
ftr-421	380	14	in	in	ADP
ftr-421	380	15	the	the	DET
ftr-421	380	16	initial	initial	ADJ
ftr-421	380	17	exchange	exchange	NOUN
ftr-421	380	18	because	because	SCONJ
ftr-421	380	19	the	the	DET
ftr-421	380	20	transferor	transferor	NOUN
ftr-421	380	21	would	would	AUX
ftr-421	380	22	receive	receive	VERB
ftr-421	380	23	a	a	DET
ftr-421	380	24	partnership	partnership	NOUN
ftr-421	380	25	interest	interest	NOUN
ftr-421	380	26	equal	equal	ADJ
ftr-421	380	27	to	to	ADP
ftr-421	380	28	the	the	DET
ftr-421	380	29	value	value	NOUN
ftr-421	380	30	of	of	ADP
ftr-421	380	31	the	the	DET
ftr-421	380	32	contributed	contribute	VERB
ftr-421	380	33	assets	asset	NOUN
ftr-421	380	34	(	(	PUNCT
ftr-421	380	35	as	as	SCONJ
ftr-421	380	36	reflected	reflect	VERB
ftr-421	380	37	in	in	ADP
ftr-421	380	38	his	his	PRON
ftr-421	380	39	or	or	CCONJ
ftr-421	380	40	her	her	PRON
ftr-421	380	41	capital	capital	NOUN
ftr-421	380	42	account	account	NOUN
ftr-421	380	43	,	,	PUNCT
ftr-421	380	44	assuming	assume	VERB
ftr-421	380	45	compliance	compliance	NOUN
ftr-421	380	46	with	with	ADP
ftr-421	380	47	the	the	DET
ftr-421	380	48	capital	capital	NOUN
ftr-421	380	49	account	account	NOUN
ftr-421	380	50	rules	rule	NOUN
ftr-421	380	51	of	of	ADP
ftr-421	380	52	section	section	NOUN
ftr-421	380	53	704(b	704(b	PROPN
ftr-421	380	54	)	)	PUNCT
ftr-421	380	55	)	)	PUNCT
ftr-421	380	56	.	.	PUNCT
ftr-421	381	1	in	in	ADP
ftr-421	381	2	the	the	DET
ftr-421	381	3	subsequent	subsequent	ADJ
ftr-421	381	4	transfer	transfer	NOUN
ftr-421	381	5	the	the	DET
ftr-421	381	6	partnership	partnership	NOUN
ftr-421	381	7	interest	interest	NOUN
ftr-421	381	8	would	would	AUX
ftr-421	381	9	again	again	ADV
ftr-421	381	10	be	be	AUX
ftr-421	381	11	valued	value	VERB
ftr-421	381	12	as	as	ADP
ftr-421	381	13	a	a	DET
ftr-421	381	14	proportionate	proportionate	ADJ
ftr-421	381	15	share	share	NOUN
ftr-421	381	16	of	of	ADP
ftr-421	381	17	the	the	DET
ftr-421	381	18	inside	inside	ADJ
ftr-421	381	19	value	value	NOUN
ftr-421	381	20	of	of	ADP
ftr-421	381	21	the	the	DET
ftr-421	381	22	partnership	partnership	NOUN
ftr-421	381	23	assets	asset	NOUN
ftr-421	381	24	.	.	PUNCT
ftr-421	382	1	as	as	ADP
ftr-421	382	2	a	a	DET
ftr-421	382	3	result	result	NOUN
ftr-421	382	4	,	,	PUNCT
ftr-421	382	5	no	no	DET
ftr-421	382	6	entity	entity	NOUN
ftr-421	382	7	discount	discount	NOUN
ftr-421	382	8	would	would	AUX
ftr-421	382	9	be	be	AUX
ftr-421	382	10	allowed	allow	VERB
ftr-421	382	11	in	in	ADP
ftr-421	382	12	the	the	DET
ftr-421	382	13	61	61	NUM
ftr-421	382	14	.	.	PUNCT
ftr-421	383	1	because	because	SCONJ
ftr-421	383	2	the	the	DET
ftr-421	383	3	liquidation	liquidation	NOUN
ftr-421	383	4	approach	approach	NOUN
ftr-421	383	5	requires	require	VERB
ftr-421	383	6	that	that	SCONJ
ftr-421	383	7	a	a	DET
ftr-421	383	8	portion	portion	NOUN
ftr-421	383	9	of	of	ADP
ftr-421	383	10	the	the	DET
ftr-421	383	11	partnership	partnership	NOUN
ftr-421	383	12	’s	’s	PART
ftr-421	383	13	assets	asset	NOUN
ftr-421	383	14	be	be	AUX
ftr-421	383	15	effectively	effectively	ADV
ftr-421	383	16	“	"	PUNCT
ftr-421	383	17	set	set	VERB
ftr-421	383	18	aside	aside	ADV
ftr-421	383	19	”	"	PUNCT
ftr-421	383	20	for	for	ADP
ftr-421	383	21	anticipated	anticipate	VERB
ftr-421	383	22	future	future	ADJ
ftr-421	383	23	allocation	allocation	NOUN
ftr-421	383	24	to	to	ADP
ftr-421	383	25	the	the	DET
ftr-421	383	26	option	option	NOUN
ftr-421	383	27	holder	holder	NOUN
ftr-421	383	28	,	,	PUNCT
ftr-421	383	29	the	the	DET
ftr-421	383	30	references	reference	NOUN
ftr-421	383	31	to	to	ADP
ftr-421	383	32	the	the	DET
ftr-421	383	33	fair	fair	ADJ
ftr-421	383	34	market	market	NOUN
ftr-421	383	35	value	value	NOUN
ftr-421	383	36	of	of	ADP
ftr-421	383	37	an	an	DET
ftr-421	383	38	option	option	NOUN
ftr-421	383	39	may	may	AUX
ftr-421	383	40	not	not	PART
ftr-421	383	41	be	be	AUX
ftr-421	383	42	intended	intend	VERB
ftr-421	383	43	literally	literally	ADV
ftr-421	383	44	.	.	PUNCT
ftr-421	384	1	62	62	NUM
ftr-421	384	2	.	.	PUNCT
ftr-421	385	1	see	see	VERB
ftr-421	385	2	rev	rev	PROPN
ftr-421	385	3	.	.	PROPN
ftr-421	385	4	proc	proc	PROPN
ftr-421	385	5	.	.	PUNCT
ftr-421	386	1	93	93	NUM
ftr-421	386	2	-	-	SYM
ftr-421	386	3	27	27	NUM
ftr-421	386	4	,	,	PUNCT
ftr-421	386	5	1993	1993	NUM
ftr-421	386	6	-	-	SYM
ftr-421	386	7	2	2	NUM
ftr-421	386	8	c.b	c.b	PROPN
ftr-421	386	9	.	.	PROPN
ftr-421	386	10	343	343	NUM
ftr-421	386	11	;	;	PUNCT
ftr-421	386	12	see	see	AUX
ftr-421	386	13	also	also	ADV
ftr-421	386	14	rev	rev	VERB
ftr-421	386	15	.	.	PROPN
ftr-421	386	16	proc	proc	PROPN
ftr-421	386	17	.	.	PUNCT
ftr-421	387	1	2001	2001	NUM
ftr-421	387	2	-	-	SYM
ftr-421	387	3	43	43	NUM
ftr-421	387	4	,	,	PUNCT
ftr-421	387	5	20012	20012	NUM
ftr-421	387	6	c.b	c.b	PROPN
ftr-421	387	7	.	.	PROPN
ftr-421	387	8	191	191	NUM
ftr-421	387	9	.	.	X
ftr-421	387	10	63	63	NUM
ftr-421	387	11	.	.	PUNCT
ftr-421	388	1	see	see	VERB
ftr-421	388	2	nysba	nysba	PROPN
ftr-421	388	3	report	report	NOUN
ftr-421	388	4	,	,	PUNCT
ftr-421	388	5	supra	supra	PROPN
ftr-421	388	6	note	note	PROPN
ftr-421	388	7	38	38	NUM
ftr-421	388	8	,	,	PUNCT
ftr-421	388	9	at	at	ADP
ftr-421	388	10	1201	1201	NUM
ftr-421	388	11	-	-	SYM
ftr-421	388	12	02	02	NUM
ftr-421	388	13	(	(	PUNCT
ftr-421	388	14	noting	note	VERB
ftr-421	388	15	that	that	SCONJ
ftr-421	388	16	the	the	DET
ftr-421	388	17	liquidation	liquidation	NOUN
ftr-421	388	18	approach	approach	NOUN
ftr-421	388	19	would	would	AUX
ftr-421	388	20	create	create	VERB
ftr-421	388	21	a	a	DET
ftr-421	388	22	disparity	disparity	NOUN
ftr-421	388	23	between	between	ADP
ftr-421	388	24	the	the	DET
ftr-421	388	25	treatment	treatment	NOUN
ftr-421	388	26	of	of	ADP
ftr-421	388	27	corporate	corporate	ADJ
ftr-421	388	28	stock	stock	NOUN
ftr-421	388	29	options	option	NOUN
ftr-421	388	30	under	under	ADP
ftr-421	388	31	§	§	PROPN
ftr-421	388	32	83	83	NUM
ftr-421	388	33	and	and	CCONJ
ftr-421	388	34	compensatory	compensatory	ADJ
ftr-421	388	35	partnership	partnership	NOUN
ftr-421	388	36	options	option	NOUN
ftr-421	388	37	under	under	ADP
ftr-421	388	38	subchapter	subchapter	NOUN
ftr-421	388	39	k	k	NOUN
ftr-421	388	40	,	,	PUNCT
ftr-421	388	41	but	but	CCONJ
ftr-421	388	42	recommending	recommend	VERB
ftr-421	388	43	such	such	DET
ftr-421	388	44	an	an	DET
ftr-421	388	45	approach	approach	NOUN
ftr-421	388	46	to	to	PART
ftr-421	388	47	achieve	achieve	VERB
ftr-421	388	48	“	"	PUNCT
ftr-421	388	49	internal	internal	ADJ
ftr-421	388	50	consistency	consistency	NOUN
ftr-421	388	51	within	within	ADP
ftr-421	388	52	subchapter	subchapter	NOUN
ftr-421	388	53	k	k	PROPN
ftr-421	388	54	”	"	PUNCT
ftr-421	388	55	)	)	PUNCT
ftr-421	388	56	.	.	PUNCT
ftr-421	389	1	64	64	NUM
ftr-421	389	2	.	.	PUNCT
ftr-421	390	1	see	see	VERB
ftr-421	390	2	i	i	PRON
ftr-421	390	3	d.	d.	PROPN
ftr-421	390	4	at	at	ADP
ftr-421	390	5	1202	1202	PROPN
ftr-421	390	6	(	(	PUNCT
ftr-421	390	7	liquidation	liquidation	NOUN
ftr-421	390	8	approach	approach	NOUN
ftr-421	390	9	“	"	PUNCT
ftr-421	390	10	does	do	AUX
ftr-421	390	11	not	not	PART
ftr-421	390	12	require	require	VERB
ftr-421	390	13	analyzing	analyze	VERB
ftr-421	390	14	myriad	myriad	ADJ
ftr-421	390	15	other	other	ADJ
ftr-421	390	16	factors	factor	NOUN
ftr-421	390	17	(	(	PUNCT
ftr-421	390	18	many	many	ADJ
ftr-421	390	19	of	of	ADP
ftr-421	390	20	which	which	PRON
ftr-421	390	21	are	be	AUX
ftr-421	390	22	quite	quite	ADV
ftr-421	390	23	subjective	subjective	ADJ
ftr-421	390	24	)	)	PUNCT
ftr-421	390	25	relevant	relevant	ADJ
ftr-421	390	26	to	to	ADP
ftr-421	390	27	determining	determine	VERB
ftr-421	390	28	the	the	DET
ftr-421	390	29	true	true	ADJ
ftr-421	390	30	fair	fair	ADJ
ftr-421	390	31	market	market	NOUN
ftr-421	390	32	value	value	NOUN
ftr-421	390	33	of	of	ADP
ftr-421	390	34	a	a	DET
ftr-421	390	35	partnership	partnership	NOUN
ftr-421	390	36	interest	interest	NOUN
ftr-421	390	37	”	"	PUNCT
ftr-421	390	38	)	)	PUNCT
ftr-421	390	39	.	.	PUNCT
ftr-421	391	1	666	666	NUM
ftr-421	391	2	florida	florida	PROPN
ftr-421	391	3	tax	tax	NOUN
ftr-421	391	4	review	review	NOUN
ftr-421	391	5	[	[	X
ftr-421	391	6	vol.6:6	vol.6:6	X
ftr-421	391	7	subsequent	subsequent	ADJ
ftr-421	391	8	transfer	transfer	NOUN
ftr-421	391	9	,	,	PUNCT
ftr-421	391	10	and	and	CCONJ
ftr-421	391	11	the	the	DET
ftr-421	391	12	transferor	transferor	NOUN
ftr-421	391	13	would	would	AUX
ftr-421	391	14	make	make	VERB
ftr-421	391	15	a	a	DET
ftr-421	391	16	taxable	taxable	ADJ
ftr-421	391	17	gift	gift	NOUN
ftr-421	391	18	of	of	ADP
ftr-421	391	19	the	the	DET
ftr-421	391	20	full	full	ADJ
ftr-421	391	21	amount	amount	NOUN
ftr-421	391	22	that	that	PRON
ftr-421	391	23	he	he	PRON
ftr-421	391	24	or	or	CCONJ
ftr-421	391	25	she	she	PRON
ftr-421	391	26	would	would	AUX
ftr-421	391	27	be	be	AUX
ftr-421	391	28	entitled	entitle	VERB
ftr-421	391	29	to	to	PART
ftr-421	391	30	receive	receive	VERB
ftr-421	391	31	in	in	ADP
ftr-421	391	32	a	a	DET
ftr-421	391	33	hypothetical	hypothetical	ADJ
ftr-421	391	34	liquidation	liquidation	NOUN
ftr-421	391	35	.	.	PUNCT
ftr-421	392	1	the	the	DET
ftr-421	392	2	capital	capital	NOUN
ftr-421	392	3	account	account	NOUN
ftr-421	392	4	approach	approach	NOUN
ftr-421	392	5	would	would	AUX
ftr-421	392	6	undoubtedly	undoubtedly	ADV
ftr-421	392	7	prove	prove	VERB
ftr-421	392	8	controversial	controversial	ADJ
ftr-421	392	9	.	.	PUNCT
ftr-421	393	1	in	in	ADP
ftr-421	393	2	1995	1995	NUM
ftr-421	393	3	the	the	DET
ftr-421	393	4	treasury	treasury	PROPN
ftr-421	393	5	department	department	PROPN
ftr-421	393	6	attempted	attempt	VERB
ftr-421	393	7	to	to	PART
ftr-421	393	8	extend	extend	VERB
ftr-421	393	9	the	the	DET
ftr-421	393	10	anti	anti	ADJ
ftr-421	393	11	-	-	ADJ
ftr-421	393	12	abuse	abuse	ADJ
ftr-421	393	13	rules	rule	NOUN
ftr-421	393	14	of	of	ADP
ftr-421	393	15	subchapter	subchapter	NOUN
ftr-421	393	16	k	k	PROPN
ftr-421	393	17	to	to	PART
ftr-421	393	18	curb	curb	VERB
ftr-421	393	19	transfer	transfer	NOUN
ftr-421	393	20	tax	tax	NOUN
ftr-421	393	21	avoidance	avoidance	NOUN
ftr-421	393	22	techniques	technique	NOUN
ftr-421	393	23	.	.	PUNCT
ftr-421	394	1	although	although	SCONJ
ftr-421	394	2	the	the	DET
ftr-421	394	3	rules65	rules65	NOUN
ftr-421	394	4	could	could	AUX
ftr-421	394	5	be	be	AUX
ftr-421	394	6	interpreted	interpret	VERB
ftr-421	394	7	narrowly	narrowly	ADV
ftr-421	394	8	to	to	PART
ftr-421	394	9	disallow	disallow	VERB
ftr-421	394	10	entity	entity	NOUN
ftr-421	394	11	discounts	discount	NOUN
ftr-421	394	12	only	only	ADV
ftr-421	394	13	for	for	ADP
ftr-421	394	14	family	family	NOUN
ftr-421	394	15	partnerships	partnership	NOUN
ftr-421	394	16	involving	involve	VERB
ftr-421	394	17	non	non	ADJ
ftr-421	394	18	-	-	NOUN
ftr-421	394	19	business	business	ADJ
ftr-421	394	20	,	,	PUNCT
ftr-421	394	21	non	non	ADJ
ftr-421	394	22	-	-	ADJ
ftr-421	394	23	income	income	NOUN
ftr-421	394	24	-	-	PUNCT
ftr-421	394	25	producing	produce	VERB
ftr-421	394	26	assets	asset	NOUN
ftr-421	394	27	(	(	PUNCT
ftr-421	394	28	e.g.	e.g.	ADV
ftr-421	394	29	,	,	PUNCT
ftr-421	394	30	a	a	DET
ftr-421	394	31	vacation	vacation	NOUN
ftr-421	394	32	home	home	NOUN
ftr-421	394	33	)	)	PUNCT
ftr-421	394	34	,	,	PUNCT
ftr-421	394	35	the	the	DET
ftr-421	394	36	rules	rule	NOUN
ftr-421	394	37	were	be	AUX
ftr-421	394	38	promulgated	promulgate	VERB
ftr-421	394	39	without	without	ADP
ftr-421	394	40	the	the	DET
ftr-421	394	41	usual	usual	ADJ
ftr-421	394	42	opportunity	opportunity	NOUN
ftr-421	394	43	for66	for66	ADJ
ftr-421	394	44	public	public	ADJ
ftr-421	394	45	comment	comment	NOUN
ftr-421	394	46	and	and	CCONJ
ftr-421	394	47	were	be	AUX
ftr-421	394	48	hastily	hastily	ADV
ftr-421	394	49	withdrawn	withdraw	VERB
ftr-421	394	50	following	follow	VERB
ftr-421	394	51	an	an	DET
ftr-421	394	52	outcry	outcry	NOUN
ftr-421	394	53	from	from	ADP
ftr-421	394	54	members	member	NOUN
ftr-421	394	55	of	of	ADP
ftr-421	394	56	the	the	DET
ftr-421	394	57	tax	tax	NOUN
ftr-421	394	58	and	and	CCONJ
ftr-421	394	59	estate	estate	NOUN
ftr-421	394	60	planning	planning	NOUN
ftr-421	394	61	bars	bar	NOUN
ftr-421	394	62	.	.	PUNCT
ftr-421	395	1	by	by	ADP
ftr-421	395	2	limiting	limit	VERB
ftr-421	395	3	the	the	DET
ftr-421	395	4	scope	scope	NOUN
ftr-421	395	5	of	of	ADP
ftr-421	395	6	the	the	DET
ftr-421	395	7	anti	anti	ADJ
ftr-421	395	8	-	-	ADJ
ftr-421	395	9	abuse67	abuse67	ADJ
ftr-421	395	10	rules	rule	NOUN
ftr-421	395	11	to	to	PART
ftr-421	395	12	income	income	VERB
ftr-421	395	13	tax	tax	NOUN
ftr-421	395	14	avoidance	avoidance	NOUN
ftr-421	395	15	and	and	CCONJ
ftr-421	395	16	failing	fail	VERB
ftr-421	395	17	to	to	PART
ftr-421	395	18	address	address	VERB
ftr-421	395	19	valuation	valuation	NOUN
ftr-421	395	20	discounts	discount	NOUN
ftr-421	395	21	in	in	ADP
ftr-421	395	22	the	the	DET
ftr-421	395	23	transfer	transfer	NOUN
ftr-421	395	24	tax	tax	NOUN
ftr-421	395	25	context	context	NOUN
ftr-421	395	26	,	,	PUNCT
ftr-421	395	27	the	the	DET
ftr-421	395	28	treasury	treasury	PROPN
ftr-421	395	29	department	department	PROPN
ftr-421	395	30	has	have	AUX
ftr-421	395	31	created	create	VERB
ftr-421	395	32	a	a	DET
ftr-421	395	33	vacuum	vacuum	NOUN
ftr-421	395	34	of	of	ADP
ftr-421	395	35	guidance	guidance	NOUN
ftr-421	395	36	which	which	PRON
ftr-421	395	37	has	have	AUX
ftr-421	395	38	in	in	ADP
ftr-421	395	39	turn	turn	NOUN
ftr-421	395	40	encouraged	encourage	VERB
ftr-421	395	41	the	the	DET
ftr-421	395	42	development	development	NOUN
ftr-421	395	43	and	and	CCONJ
ftr-421	395	44	marketing	marketing	NOUN
ftr-421	395	45	of	of	ADP
ftr-421	395	46	aggressive	aggressive	ADJ
ftr-421	395	47	techniques	technique	NOUN
ftr-421	395	48	involving	involve	VERB
ftr-421	395	49	family	family	NOUN
ftr-421	395	50	partnerships.68	partnerships.68	NOUN
ftr-421	395	51	the	the	DET
ftr-421	395	52	proliferation	proliferation	NOUN
ftr-421	395	53	of	of	ADP
ftr-421	395	54	entity	entity	NOUN
ftr-421	395	55	discounts	discount	NOUN
ftr-421	395	56	also	also	ADV
ftr-421	395	57	prompted	prompt	VERB
ftr-421	395	58	the	the	DET
ftr-421	395	59	clinton	clinton	PROPN
ftr-421	395	60	administration	administration	NOUN
ftr-421	395	61	to	to	PART
ftr-421	395	62	propose	propose	VERB
ftr-421	395	63	curbing	curb	VERB
ftr-421	395	64	valuation	valuation	NOUN
ftr-421	395	65	discounts	discount	NOUN
ftr-421	395	66	by	by	ADP
ftr-421	395	67	requiring	require	VERB
ftr-421	395	68	that	that	SCONJ
ftr-421	395	69	interests	interest	NOUN
ftr-421	395	70	in	in	ADP
ftr-421	395	71	certain	certain	ADJ
ftr-421	395	72	entities	entity	NOUN
ftr-421	395	73	be	be	AUX
ftr-421	395	74	valued	value	VERB
ftr-421	395	75	based	base	VERB
ftr-421	395	76	on	on	ADP
ftr-421	395	77	a	a	DET
ftr-421	395	78	proportional	proportional	ADJ
ftr-421	395	79	share	share	NOUN
ftr-421	395	80	of	of	ADP
ftr-421	395	81	the	the	DET
ftr-421	395	82	net	net	ADJ
ftr-421	395	83	value	value	NOUN
ftr-421	395	84	of	of	ADP
ftr-421	395	85	the	the	DET
ftr-421	395	86	entity	entity	NOUN
ftr-421	395	87	’s	’s	PART
ftr-421	395	88	non	non	ADJ
ftr-421	395	89	-	-	ADJ
ftr-421	395	90	business	business	ADJ
ftr-421	395	91	assets	asset	NOUN
ftr-421	395	92	.	.	PUNCT
ftr-421	396	1	this	this	DET
ftr-421	396	2	proposal	proposal	NOUN
ftr-421	396	3	reflected	reflect	VERB
ftr-421	396	4	the	the	DET
ftr-421	396	5	notion	notion	NOUN
ftr-421	396	6	that	that	SCONJ
ftr-421	396	7	it	it	PRON
ftr-421	396	8	is69	is69	PROPN
ftr-421	396	9	appropriate	appropriate	ADJ
ftr-421	396	10	to	to	PART
ftr-421	396	11	allow	allow	VERB
ftr-421	396	12	entity	entity	NOUN
ftr-421	396	13	discounts	discount	NOUN
ftr-421	396	14	based	base	VERB
ftr-421	396	15	on	on	ADP
ftr-421	396	16	the	the	DET
ftr-421	396	17	traditional	traditional	ADJ
ftr-421	396	18	fair	fair	ADJ
ftr-421	396	19	market	market	NOUN
ftr-421	396	20	value	value	NOUN
ftr-421	396	21	standard	standard	NOUN
ftr-421	396	22	in	in	ADP
ftr-421	396	23	a	a	DET
ftr-421	396	24	bona	bona	ADJ
ftr-421	396	25	fide	fide	ADJ
ftr-421	396	26	business	business	NOUN
ftr-421	396	27	setting	setting	NOUN
ftr-421	396	28	but	but	CCONJ
ftr-421	396	29	that	that	SCONJ
ftr-421	396	30	a	a	DET
ftr-421	396	31	stricter	strict	ADJ
ftr-421	396	32	standard	standard	NOUN
ftr-421	396	33	is	be	AUX
ftr-421	396	34	needed	need	VERB
ftr-421	396	35	in	in	ADP
ftr-421	396	36	a	a	DET
ftr-421	396	37	non	non	ADJ
ftr-421	396	38	-	-	ADJ
ftr-421	396	39	business	business	ADJ
ftr-421	396	40	setting	setting	NOUN
ftr-421	396	41	.	.	PUNCT
ftr-421	397	1	similarly	similarly	ADV
ftr-421	397	2	,	,	PUNCT
ftr-421	397	3	the	the	DET
ftr-421	397	4	present	present	ADJ
ftr-421	397	5	discussion	discussion	NOUN
ftr-421	397	6	focuses	focus	VERB
ftr-421	397	7	primarily	primarily	ADV
ftr-421	397	8	on70	on70	PROPN
ftr-421	397	9	65	65	NUM
ftr-421	397	10	.	.	PUNCT
ftr-421	398	1	see	see	VERB
ftr-421	398	2	t.d	t.d	PROPN
ftr-421	398	3	.	.	PROPN
ftr-421	398	4	8588	8588	NUM
ftr-421	398	5	,	,	PUNCT
ftr-421	398	6	60	60	NUM
ftr-421	398	7	fed	feed	VERB
ftr-421	398	8	.	.	PUNCT
ftr-421	399	1	reg	reg	PROPN
ftr-421	399	2	.	.	PROPN
ftr-421	400	1	23	23	NUM
ftr-421	400	2	,	,	PUNCT
ftr-421	400	3	29	29	NUM
ftr-421	400	4	(	(	PUNCT
ftr-421	400	5	jan	jan	PROPN
ftr-421	400	6	.	.	PROPN
ftr-421	400	7	3	3	NUM
ftr-421	400	8	,	,	PUNCT
ftr-421	400	9	1995	1995	NUM
ftr-421	400	10	)	)	PUNCT
ftr-421	400	11	,	,	PUNCT
ftr-421	400	12	promulgating	promulgate	VERB
ftr-421	400	13	regs	reg	NOUN
ftr-421	400	14	.	.	PUNCT
ftr-421	401	1	§	§	PROPN
ftr-421	401	2	1.701	1.701	NUM
ftr-421	401	3	-	-	NUM
ftr-421	401	4	2(d	2(d	NUM
ftr-421	401	5	)	)	PUNCT
ftr-421	401	6	exs	exs	PROPN
ftr-421	401	7	.	.	PROPN
ftr-421	401	8	5	5	NUM
ftr-421	401	9	and	and	CCONJ
ftr-421	401	10	6	6	NUM
ftr-421	401	11	.	.	X
ftr-421	401	12	66	66	NUM
ftr-421	401	13	.	.	PUNCT
ftr-421	402	1	the	the	DET
ftr-421	402	2	anti	anti	ADJ
ftr-421	402	3	-	-	ADJ
ftr-421	402	4	abuse	abuse	ADJ
ftr-421	402	5	rules	rule	NOUN
ftr-421	402	6	originally	originally	ADV
ftr-421	402	7	included	include	VERB
ftr-421	402	8	an	an	DET
ftr-421	402	9	example	example	NOUN
ftr-421	402	10	involving	involve	VERB
ftr-421	402	11	a	a	DET
ftr-421	402	12	vacation	vacation	NOUN
ftr-421	402	13	home	home	NOUN
ftr-421	402	14	held	hold	VERB
ftr-421	402	15	in	in	ADP
ftr-421	402	16	a	a	DET
ftr-421	402	17	family	family	NOUN
ftr-421	402	18	partnership	partnership	NOUN
ftr-421	402	19	.	.	PUNCT
ftr-421	403	1	in	in	ADP
ftr-421	403	2	that	that	DET
ftr-421	403	3	example	example	NOUN
ftr-421	403	4	,	,	PUNCT
ftr-421	403	5	the	the	DET
ftr-421	403	6	partnership	partnership	NOUN
ftr-421	403	7	lacked	lack	VERB
ftr-421	403	8	any	any	DET
ftr-421	403	9	substantial	substantial	ADJ
ftr-421	403	10	business	business	NOUN
ftr-421	403	11	purpose	purpose	NOUN
ftr-421	403	12	.	.	PUNCT
ftr-421	404	1	because	because	SCONJ
ftr-421	404	2	the	the	DET
ftr-421	404	3	subsequent	subsequent	ADJ
ftr-421	404	4	transfer	transfer	NOUN
ftr-421	404	5	of	of	ADP
ftr-421	404	6	discounted	discount	VERB
ftr-421	404	7	partnership	partnership	NOUN
ftr-421	404	8	interests	interest	NOUN
ftr-421	404	9	would	would	AUX
ftr-421	404	10	produce	produce	VERB
ftr-421	404	11	a	a	DET
ftr-421	404	12	substantial	substantial	ADJ
ftr-421	404	13	reduction	reduction	NOUN
ftr-421	404	14	in	in	ADP
ftr-421	404	15	aggregate	aggregate	ADJ
ftr-421	404	16	federal	federal	ADJ
ftr-421	404	17	tax	tax	NOUN
ftr-421	404	18	liability	liability	NOUN
ftr-421	404	19	,	,	PUNCT
ftr-421	404	20	the	the	DET
ftr-421	404	21	service	service	NOUN
ftr-421	404	22	asserted	assert	VERB
ftr-421	404	23	the	the	DET
ftr-421	404	24	right	right	NOUN
ftr-421	404	25	to	to	PART
ftr-421	404	26	recast	recast	VERB
ftr-421	404	27	the	the	DET
ftr-421	404	28	transaction	transaction	NOUN
ftr-421	404	29	in	in	ADP
ftr-421	404	30	a	a	DET
ftr-421	404	31	manner	manner	NOUN
ftr-421	404	32	consistent	consistent	ADJ
ftr-421	404	33	with	with	ADP
ftr-421	404	34	the	the	DET
ftr-421	404	35	intent	intent	NOUN
ftr-421	404	36	of	of	ADP
ftr-421	404	37	subchapter	subchapter	NOUN
ftr-421	404	38	k.	k.	PROPN
ftr-421	404	39	see	see	VERB
ftr-421	404	40	i	i	PROPN
ftr-421	404	41	d.	d.	PROPN
ftr-421	404	42	ex	ex	PROPN
ftr-421	404	43	.	.	PROPN
ftr-421	404	44	6	6	NUM
ftr-421	404	45	.	.	X
ftr-421	405	1	in	in	ADP
ftr-421	405	2	contrast	contrast	NOUN
ftr-421	405	3	,	,	PUNCT
ftr-421	405	4	another	another	DET
ftr-421	405	5	example	example	NOUN
ftr-421	405	6	involving	involve	VERB
ftr-421	405	7	actively	actively	ADV
ftr-421	405	8	-	-	PUNCT
ftr-421	405	9	managed	manage	VERB
ftr-421	405	10	,	,	PUNCT
ftr-421	405	11	income	income	NOUN
ftr-421	405	12	-	-	PUNCT
ftr-421	405	13	producing	produce	VERB
ftr-421	405	14	property	property	NOUN
ftr-421	405	15	passed	pass	VERB
ftr-421	405	16	muster	muster	NOUN
ftr-421	405	17	under	under	ADP
ftr-421	405	18	the	the	DET
ftr-421	405	19	anti	anti	ADJ
ftr-421	405	20	-	-	ADJ
ftr-421	405	21	abuse	abuse	ADJ
ftr-421	405	22	rules	rule	NOUN
ftr-421	405	23	.	.	PUNCT
ftr-421	406	1	see	see	VERB
ftr-421	406	2	i	i	PRON
ftr-421	406	3	d.	d.	PROPN
ftr-421	406	4	ex	ex	PROPN
ftr-421	406	5	.	.	PROPN
ftr-421	406	6	5	5	NUM
ftr-421	406	7	.	.	X
ftr-421	407	1	in	in	ADP
ftr-421	407	2	a	a	DET
ftr-421	407	3	subsequent	subsequent	ADJ
ftr-421	407	4	revision	revision	NOUN
ftr-421	407	5	of	of	ADP
ftr-421	407	6	the	the	DET
ftr-421	407	7	anti	anti	ADJ
ftr-421	407	8	-	-	ADJ
ftr-421	407	9	abuse	abuse	ADJ
ftr-421	407	10	rules	rule	NOUN
ftr-421	407	11	,	,	PUNCT
ftr-421	407	12	however	however	ADV
ftr-421	407	13	,	,	PUNCT
ftr-421	407	14	both	both	DET
ftr-421	407	15	examples	example	NOUN
ftr-421	407	16	were	be	AUX
ftr-421	407	17	deleted	delete	VERB
ftr-421	407	18	.	.	PUNCT
ftr-421	408	1	see	see	VERB
ftr-421	408	2	infra	infra	NOUN
ftr-421	408	3	note	note	VERB
ftr-421	408	4	67	67	NUM
ftr-421	408	5	and	and	CCONJ
ftr-421	408	6	accompanying	accompany	VERB
ftr-421	408	7	text	text	NOUN
ftr-421	408	8	.	.	PUNCT
ftr-421	409	1	67	67	NUM
ftr-421	409	2	.	.	PUNCT
ftr-421	410	1	see	see	VERB
ftr-421	410	2	t.d	t.d	PROPN
ftr-421	410	3	.	.	PROPN
ftr-421	410	4	8592	8592	NUM
ftr-421	410	5	,	,	PUNCT
ftr-421	410	6	60	60	NUM
ftr-421	410	7	fed	feed	VERB
ftr-421	410	8	.	.	PUNCT
ftr-421	411	1	reg	reg	NOUN
ftr-421	411	2	.	.	PUNCT
ftr-421	412	1	18741	18741	NUM
ftr-421	412	2	(	(	PUNCT
ftr-421	412	3	apr	apr	PROPN
ftr-421	412	4	.	.	PROPN
ftr-421	412	5	13	13	NUM
ftr-421	412	6	,	,	PUNCT
ftr-421	412	7	1995	1995	NUM
ftr-421	412	8	)	)	PUNCT
ftr-421	412	9	(	(	PUNCT
ftr-421	412	10	revised	revise	VERB
ftr-421	412	11	final	final	ADJ
ftr-421	412	12	regulations	regulation	NOUN
ftr-421	412	13	,	,	PUNCT
ftr-421	412	14	omitting	omit	VERB
ftr-421	412	15	exs	exs	PROPN
ftr-421	412	16	.	.	PROPN
ftr-421	412	17	5	5	NUM
ftr-421	412	18	and	and	CCONJ
ftr-421	412	19	6	6	NUM
ftr-421	412	20	)	)	PUNCT
ftr-421	412	21	.	.	PUNCT
ftr-421	413	1	68	68	NUM
ftr-421	413	2	.	.	X
ftr-421	414	1	for	for	ADP
ftr-421	414	2	example	example	NOUN
ftr-421	414	3	,	,	PUNCT
ftr-421	414	4	the	the	DET
ftr-421	414	5	family	family	NOUN
ftr-421	414	6	partnership	partnership	NOUN
ftr-421	414	7	documents	document	NOUN
ftr-421	414	8	in	in	ADP
ftr-421	414	9	strangi	strangi	PROPN
ftr-421	414	10	were	be	AUX
ftr-421	414	11	based	base	VERB
ftr-421	414	12	on	on	ADP
ftr-421	414	13	forms	form	NOUN
ftr-421	414	14	provided	provide	VERB
ftr-421	414	15	by	by	ADP
ftr-421	414	16	the	the	DET
ftr-421	414	17	fortress	fortress	ADJ
ftr-421	414	18	financial	financial	ADJ
ftr-421	414	19	group	group	NOUN
ftr-421	414	20	,	,	PUNCT
ftr-421	414	21	inc	inc	PROPN
ftr-421	414	22	.	.	PROPN
ftr-421	414	23	,	,	PUNCT
ftr-421	414	24	which	which	PRON
ftr-421	414	25	“	"	PUNCT
ftr-421	414	26	trains	train	NOUN
ftr-421	414	27	and	and	CCONJ
ftr-421	414	28	educates	educate	VERB
ftr-421	414	29	professionals	professional	NOUN
ftr-421	414	30	on	on	ADP
ftr-421	414	31	the	the	DET
ftr-421	414	32	use	use	NOUN
ftr-421	414	33	of	of	ADP
ftr-421	414	34	family	family	NOUN
ftr-421	414	35	limited	limit	VERB
ftr-421	414	36	partnerships	partnership	NOUN
ftr-421	414	37	”	"	PUNCT
ftr-421	414	38	as	as	ADP
ftr-421	414	39	a	a	DET
ftr-421	414	40	tax	tax	NOUN
ftr-421	414	41	and	and	CCONJ
ftr-421	414	42	estate	estate	NOUN
ftr-421	414	43	planning	planning	NOUN
ftr-421	414	44	tool	tool	NOUN
ftr-421	414	45	.	.	PUNCT
ftr-421	415	1	see	see	VERB
ftr-421	415	2	estate	estate	NOUN
ftr-421	415	3	of	of	ADP
ftr-421	415	4	strangi	strangi	PROPN
ftr-421	415	5	v.	v.	PROPN
ftr-421	415	6	commissioner	commissioner	PROPN
ftr-421	415	7	,	,	PUNCT
ftr-421	415	8	115	115	NUM
ftr-421	415	9	t.c	t.c	PROPN
ftr-421	415	10	.	.	PROPN
ftr-421	415	11	478	478	NUM
ftr-421	415	12	,	,	PUNCT
ftr-421	415	13	480	480	NUM
ftr-421	415	14	,	,	PUNCT
ftr-421	415	15	aff’d	aff’d	VERB
ftr-421	415	16	in	in	ADP
ftr-421	415	17	part	part	NOUN
ftr-421	415	18	and	and	CCONJ
ftr-421	415	19	rev’d	rev’d	NOUN
ftr-421	415	20	in	in	ADP
ftr-421	415	21	part	part	NOUN
ftr-421	415	22	on	on	ADP
ftr-421	415	23	other	other	ADJ
ftr-421	415	24	grounds	ground	NOUN
ftr-421	415	25	,	,	PUNCT
ftr-421	415	26	293	293	NUM
ftr-421	415	27	f.3d	f.3d	NUM
ftr-421	415	28	279	279	NUM
ftr-421	415	29	(	(	PUNCT
ftr-421	415	30	5th	5th	ADJ
ftr-421	415	31	cir	cir	NOUN
ftr-421	415	32	.	.	PUNCT
ftr-421	415	33	2002	2002	NUM
ftr-421	415	34	)	)	PUNCT
ftr-421	415	35	.	.	PUNCT
ftr-421	416	1	69	69	NUM
ftr-421	416	2	.	.	PUNCT
ftr-421	417	1	see	see	VERB
ftr-421	417	2	staff	staff	NOUN
ftr-421	417	3	of	of	ADP
ftr-421	417	4	the	the	DET
ftr-421	417	5	joint	joint	ADJ
ftr-421	417	6	comm	comm	NOUN
ftr-421	417	7	.	.	PUNCT
ftr-421	418	1	on	on	ADP
ftr-421	418	2	tax’n	tax’n	NUM
ftr-421	418	3	,	,	PUNCT
ftr-421	418	4	description	description	NOUN
ftr-421	418	5	of	of	ADP
ftr-421	418	6	revenue	revenue	NOUN
ftr-421	418	7	provisions	provision	NOUN
ftr-421	418	8	contained	contain	VERB
ftr-421	418	9	in	in	ADP
ftr-421	418	10	the	the	DET
ftr-421	418	11	president	president	NOUN
ftr-421	418	12	’s	’s	PART
ftr-421	418	13	fiscal	fiscal	ADJ
ftr-421	418	14	year	year	NOUN
ftr-421	418	15	2000	2000	NUM
ftr-421	418	16	budget	budget	NOUN
ftr-421	418	17	proposal	proposal	NOUN
ftr-421	418	18	291	291	NUM
ftr-421	418	19	(	(	PUNCT
ftr-421	418	20	jcs	jcs	PROPN
ftr-421	418	21	1	1	NUM
ftr-421	418	22	-	-	SYM
ftr-421	418	23	99	99	NUM
ftr-421	418	24	,	,	PUNCT
ftr-421	418	25	feb	feb	PROPN
ftr-421	418	26	.	.	PROPN
ftr-421	418	27	22	22	NUM
ftr-421	418	28	,	,	PUNCT
ftr-421	418	29	1999	1999	NUM
ftr-421	418	30	)	)	PUNCT
ftr-421	418	31	.	.	PUNCT
ftr-421	419	1	70	70	X
ftr-421	419	2	.	.	PUNCT
ftr-421	420	1	see	see	VERB
ftr-421	420	2	cunningham	cunningham	PROPN
ftr-421	420	3	,	,	PUNCT
ftr-421	420	4	supra	supra	PROPN
ftr-421	420	5	note	note	PROPN
ftr-421	420	6	1	1	NUM
ftr-421	420	7	,	,	PUNCT
ftr-421	420	8	at	at	ADP
ftr-421	420	9	1469	1469	NUM
ftr-421	420	10	(	(	PUNCT
ftr-421	420	11	noting	note	VERB
ftr-421	420	12	the	the	DET
ftr-421	420	13	definitional	definitional	ADJ
ftr-421	420	14	problem	problem	NOUN
ftr-421	420	15	of	of	ADP
ftr-421	420	16	carving	carve	VERB
ftr-421	420	17	out	out	ADP
ftr-421	420	18	an	an	DET
ftr-421	420	19	exception	exception	NOUN
ftr-421	420	20	for	for	ADP
ftr-421	420	21	family	family	NOUN
ftr-421	420	22	partnerships	partnership	NOUN
ftr-421	420	23	engaged	engage	VERB
ftr-421	420	24	in	in	ADP
ftr-421	420	25	an	an	DET
ftr-421	420	26	“	"	PUNCT
ftr-421	420	27	active	active	ADJ
ftr-421	420	28	business	business	NOUN
ftr-421	420	29	”	"	PUNCT
ftr-421	420	30	)	)	PUNCT
ftr-421	420	31	.	.	PUNCT
ftr-421	421	1	2004	2004	NUM
ftr-421	421	2	]	]	PUNCT
ftr-421	421	3	family	family	NOUN
ftr-421	421	4	limited	limit	VERB
ftr-421	421	5	partnerships	partnership	NOUN
ftr-421	421	6	667	667	NUM
ftr-421	421	7	family	family	NOUN
ftr-421	421	8	partnerships	partnership	NOUN
ftr-421	421	9	that	that	PRON
ftr-421	421	10	have	have	VERB
ftr-421	421	11	no	no	DET
ftr-421	421	12	substantial	substantial	ADJ
ftr-421	421	13	business	business	NOUN
ftr-421	421	14	purpose	purpose	NOUN
ftr-421	421	15	.	.	PUNCT
ftr-421	422	1	family71	family71	PROPN
ftr-421	422	2	partnerships	partnership	NOUN
ftr-421	422	3	offer	offer	VERB
ftr-421	422	4	special	special	ADJ
ftr-421	422	5	opportunities	opportunity	NOUN
ftr-421	422	6	for	for	ADP
ftr-421	422	7	transfer	transfer	NOUN
ftr-421	422	8	tax	tax	NOUN
ftr-421	422	9	avoidance	avoidance	NOUN
ftr-421	422	10	because	because	SCONJ
ftr-421	422	11	they	they	PRON
ftr-421	422	12	can	can	AUX
ftr-421	422	13	ordinarily	ordinarily	ADV
ftr-421	422	14	be	be	AUX
ftr-421	422	15	formed	form	VERB
ftr-421	422	16	and	and	CCONJ
ftr-421	422	17	liquidated	liquidate	VERB
ftr-421	422	18	without	without	ADP
ftr-421	422	19	any	any	DET
ftr-421	422	20	toll	toll	NOUN
ftr-421	422	21	charge	charge	NOUN
ftr-421	422	22	in	in	ADP
ftr-421	422	23	the	the	DET
ftr-421	422	24	form	form	NOUN
ftr-421	422	25	of	of	ADP
ftr-421	422	26	an	an	DET
ftr-421	422	27	income	income	NOUN
ftr-421	422	28	tax	tax	NOUN
ftr-421	422	29	on	on	ADP
ftr-421	422	30	contributions	contribution	NOUN
ftr-421	422	31	or	or	CCONJ
ftr-421	422	32	distributions	distribution	NOUN
ftr-421	422	33	of	of	ADP
ftr-421	422	34	appreciated	appreciated	ADJ
ftr-421	422	35	assets.72	assets.72	NOUN
ftr-421	422	36	moreover	moreover	ADV
ftr-421	422	37	,	,	PUNCT
ftr-421	422	38	the	the	DET
ftr-421	422	39	capital	capital	NOUN
ftr-421	422	40	account	account	NOUN
ftr-421	422	41	analysis	analysis	NOUN
ftr-421	422	42	pursued	pursue	VERB
ftr-421	422	43	here	here	ADV
ftr-421	422	44	is	be	AUX
ftr-421	422	45	particularly	particularly	ADV
ftr-421	422	46	well	well	ADV
ftr-421	422	47	suited	suited	ADJ
ftr-421	422	48	to	to	PART
ftr-421	422	49	deal	deal	VERB
ftr-421	422	50	with	with	ADP
ftr-421	422	51	family	family	NOUN
ftr-421	422	52	partnerships	partnership	NOUN
ftr-421	422	53	.	.	PUNCT
ftr-421	423	1	to	to	ADP
ftr-421	423	2	the	the	DET
ftr-421	423	3	extent	extent	NOUN
ftr-421	423	4	this	this	DET
ftr-421	423	5	analysis	analysis	NOUN
ftr-421	423	6	helps	help	VERB
ftr-421	423	7	to	to	PART
ftr-421	423	8	resolve	resolve	VERB
ftr-421	423	9	the	the	DET
ftr-421	423	10	problem	problem	NOUN
ftr-421	423	11	of	of	ADP
ftr-421	423	12	disappearing	disappear	VERB
ftr-421	423	13	value	value	NOUN
ftr-421	423	14	in	in	ADP
ftr-421	423	15	the	the	DET
ftr-421	423	16	core	core	NOUN
ftr-421	423	17	case	case	NOUN
ftr-421	423	18	of	of	ADP
ftr-421	423	19	family	family	NOUN
ftr-421	423	20	partnerships	partnership	NOUN
ftr-421	423	21	,	,	PUNCT
ftr-421	423	22	it	it	PRON
ftr-421	423	23	may	may	AUX
ftr-421	423	24	serve	serve	VERB
ftr-421	423	25	as	as	ADP
ftr-421	423	26	a	a	DET
ftr-421	423	27	starting	starting	NOUN
ftr-421	423	28	point	point	NOUN
ftr-421	423	29	to	to	PART
ftr-421	423	30	address	address	VERB
ftr-421	423	31	related	related	ADJ
ftr-421	423	32	but	but	CCONJ
ftr-421	423	33	distinct	distinct	ADJ
ftr-421	423	34	problems	problem	NOUN
ftr-421	423	35	involving	involve	VERB
ftr-421	423	36	other	other	ADJ
ftr-421	423	37	forms	form	NOUN
ftr-421	423	38	of	of	ADP
ftr-421	423	39	ownership	ownership	NOUN
ftr-421	423	40	such	such	ADJ
ftr-421	423	41	as	as	ADP
ftr-421	423	42	closely	closely	ADV
ftr-421	423	43	held	hold	VERB
ftr-421	423	44	corporations	corporation	NOUN
ftr-421	423	45	,	,	PUNCT
ftr-421	423	46	joint	joint	ADJ
ftr-421	423	47	tenancies	tenancy	NOUN
ftr-421	423	48	,	,	PUNCT
ftr-421	423	49	and73	and73	PROPN
ftr-421	423	50	74	74	NUM
ftr-421	423	51	trusts.75	trusts.75	NOUN
ftr-421	423	52	71	71	NUM
ftr-421	423	53	.	.	PUNCT
ftr-421	424	1	the	the	DET
ftr-421	424	2	existence	existence	NOUN
ftr-421	424	3	of	of	ADP
ftr-421	424	4	a	a	DET
ftr-421	424	5	substantial	substantial	ADJ
ftr-421	424	6	business	business	NOUN
ftr-421	424	7	purpose	purpose	NOUN
ftr-421	424	8	may	may	AUX
ftr-421	424	9	present	present	VERB
ftr-421	424	10	a	a	DET
ftr-421	424	11	factual	factual	ADJ
ftr-421	424	12	controversy	controversy	NOUN
ftr-421	424	13	.	.	PUNCT
ftr-421	425	1	see	see	VERB
ftr-421	425	2	,	,	PUNCT
ftr-421	425	3	e.g.	e.g.	ADV
ftr-421	425	4	,	,	PUNCT
ftr-421	425	5	estate	estate	NOUN
ftr-421	425	6	of	of	ADP
ftr-421	425	7	strangi	strangi	PROPN
ftr-421	425	8	,	,	PUNCT
ftr-421	425	9	115	115	NUM
ftr-421	425	10	t.c	t.c	PROPN
ftr-421	425	11	.	.	PUNCT
ftr-421	426	1	at	at	ADP
ftr-421	426	2	484	484	NUM
ftr-421	426	3	-	-	SYM
ftr-421	426	4	87	87	NUM
ftr-421	426	5	(	(	PUNCT
ftr-421	426	6	expressing	express	VERB
ftr-421	426	7	skepticism	skepticism	NOUN
ftr-421	426	8	concerning	concern	VERB
ftr-421	426	9	purported	purport	VERB
ftr-421	426	10	business	business	NOUN
ftr-421	426	11	purpose	purpose	NOUN
ftr-421	426	12	but	but	CCONJ
ftr-421	426	13	nevertheless	nevertheless	ADV
ftr-421	426	14	concluding	conclude	VERB
ftr-421	426	15	that	that	SCONJ
ftr-421	426	16	“	"	PUNCT
ftr-421	426	17	the	the	DET
ftr-421	426	18	partnership	partnership	NOUN
ftr-421	426	19	had	have	VERB
ftr-421	426	20	sufficient	sufficient	ADJ
ftr-421	426	21	substance	substance	NOUN
ftr-421	426	22	to	to	PART
ftr-421	426	23	be	be	AUX
ftr-421	426	24	recognized	recognize	VERB
ftr-421	426	25	for	for	ADP
ftr-421	426	26	tax	tax	NOUN
ftr-421	426	27	purposes	purpose	NOUN
ftr-421	426	28	”	"	PUNCT
ftr-421	426	29	)	)	PUNCT
ftr-421	426	30	.	.	PUNCT
ftr-421	427	1	similar	similar	ADJ
ftr-421	427	2	questions	question	NOUN
ftr-421	427	3	arise	arise	VERB
ftr-421	427	4	in	in	ADP
ftr-421	427	5	determining	determine	VERB
ftr-421	427	6	whether	whether	SCONJ
ftr-421	427	7	an	an	DET
ftr-421	427	8	arrangement	arrangement	NOUN
ftr-421	427	9	falls	fall	VERB
ftr-421	427	10	within	within	ADP
ftr-421	427	11	the	the	DET
ftr-421	427	12	statutory	statutory	ADJ
ftr-421	427	13	safe	safe	ADJ
ftr-421	427	14	harbor	harbor	NOUN
ftr-421	427	15	for	for	ADP
ftr-421	427	16	a	a	DET
ftr-421	427	17	“	"	PUNCT
ftr-421	427	18	bona	bona	ADJ
ftr-421	427	19	fide	fide	ADJ
ftr-421	427	20	business	business	NOUN
ftr-421	427	21	arrangement	arrangement	NOUN
ftr-421	427	22	”	"	PUNCT
ftr-421	427	23	under	under	ADP
ftr-421	427	24	§	§	PROPN
ftr-421	427	25	2703	2703	NUM
ftr-421	427	26	.	.	PUNCT
ftr-421	428	1	see	see	VERB
ftr-421	428	2	irc	irc	PROPN
ftr-421	428	3	§	§	PROPN
ftr-421	428	4	2703(b	2703(b	NUM
ftr-421	428	5	)	)	PUNCT
ftr-421	428	6	.	.	PUNCT
ftr-421	429	1	72	72	X
ftr-421	429	2	.	.	PUNCT
ftr-421	429	3	see	see	VERB
ftr-421	429	4	irc	irc	PROPN
ftr-421	429	5	§	§	PROPN
ftr-421	429	6	§	§	PROPN
ftr-421	429	7	721	721	NUM
ftr-421	429	8	,	,	PUNCT
ftr-421	429	9	731	731	NUM
ftr-421	429	10	.	.	PUNCT
ftr-421	430	1	careful	careful	ADJ
ftr-421	430	2	planning	planning	NOUN
ftr-421	430	3	may	may	AUX
ftr-421	430	4	be	be	AUX
ftr-421	430	5	necessary	necessary	ADJ
ftr-421	430	6	,	,	PUNCT
ftr-421	430	7	however	however	ADV
ftr-421	430	8	,	,	PUNCT
ftr-421	430	9	to	to	PART
ftr-421	430	10	avoid	avoid	VERB
ftr-421	430	11	recognizing	recognize	VERB
ftr-421	430	12	gain	gain	NOUN
ftr-421	430	13	on	on	ADP
ftr-421	430	14	certain	certain	ADJ
ftr-421	430	15	contributions	contribution	NOUN
ftr-421	430	16	or	or	CCONJ
ftr-421	430	17	distributions	distribution	NOUN
ftr-421	430	18	of	of	ADP
ftr-421	430	19	appreciated	appreciated	ADJ
ftr-421	430	20	assets	asset	NOUN
ftr-421	430	21	.	.	PUNCT
ftr-421	431	1	see	see	VERB
ftr-421	431	2	irc	irc	PROPN
ftr-421	431	3	§	§	PROPN
ftr-421	431	4	§	§	PROPN
ftr-421	431	5	704(c)(1)(b	704(c)(1)(b	PROPN
ftr-421	431	6	)	)	PUNCT
ftr-421	431	7	(	(	PUNCT
ftr-421	431	8	distribution	distribution	NOUN
ftr-421	431	9	of	of	ADP
ftr-421	431	10	contributed	contribute	VERB
ftr-421	431	11	built	build	VERB
ftr-421	431	12	-	-	PUNCT
ftr-421	431	13	in	in	ADP
ftr-421	431	14	gain	gain	NOUN
ftr-421	431	15	property	property	NOUN
ftr-421	431	16	within	within	ADP
ftr-421	431	17	seven	seven	NUM
ftr-421	431	18	years	year	NOUN
ftr-421	431	19	)	)	PUNCT
ftr-421	431	20	,	,	PUNCT
ftr-421	431	21	721(b	721(b	PROPN
ftr-421	431	22	)	)	PUNCT
ftr-421	431	23	(	(	PUNCT
ftr-421	431	24	contribution	contribution	NOUN
ftr-421	431	25	to	to	ADP
ftr-421	431	26	investment	investment	NOUN
ftr-421	431	27	partnership	partnership	NOUN
ftr-421	431	28	)	)	PUNCT
ftr-421	431	29	,	,	PUNCT
ftr-421	431	30	731(c	731(c	X
ftr-421	431	31	)	)	PUNCT
ftr-421	431	32	(	(	PUNCT
ftr-421	431	33	distribution	distribution	NOUN
ftr-421	431	34	of	of	ADP
ftr-421	431	35	marketable	marketable	ADJ
ftr-421	431	36	securities	security	NOUN
ftr-421	431	37	)	)	PUNCT
ftr-421	431	38	,	,	PUNCT
ftr-421	431	39	737	737	NUM
ftr-421	431	40	(	(	PUNCT
ftr-421	431	41	distribution	distribution	NOUN
ftr-421	431	42	to	to	ADP
ftr-421	431	43	contributing	contribute	VERB
ftr-421	431	44	partner	partner	NOUN
ftr-421	431	45	within	within	ADP
ftr-421	431	46	seven	seven	NUM
ftr-421	431	47	years	year	NOUN
ftr-421	431	48	)	)	PUNCT
ftr-421	431	49	.	.	PUNCT
ftr-421	432	1	see	see	VERB
ftr-421	432	2	thomas	thomas	PROPN
ftr-421	432	3	i.	i.	PROPN
ftr-421	432	4	hausman	hausman	PROPN
ftr-421	432	5	,	,	PUNCT
ftr-421	432	6	mixing	mix	VERB
ftr-421	432	7	bowls	bowl	NOUN
ftr-421	432	8	and	and	CCONJ
ftr-421	432	9	marketable	marketable	ADJ
ftr-421	432	10	securities	security	NOUN
ftr-421	432	11	in	in	ADP
ftr-421	432	12	a	a	DET
ftr-421	432	13	family	family	NOUN
ftr-421	432	14	limited	limited	ADJ
ftr-421	432	15	partnership	partnership	NOUN
ftr-421	432	16	,	,	PUNCT
ftr-421	432	17	101	101	NUM
ftr-421	432	18	tax	tax	NOUN
ftr-421	432	19	notes	note	NOUN
ftr-421	432	20	373	373	NUM
ftr-421	432	21	(	(	PUNCT
ftr-421	432	22	oct	oct	PROPN
ftr-421	432	23	.	.	PROPN
ftr-421	432	24	20	20	NUM
ftr-421	432	25	,	,	PUNCT
ftr-421	432	26	2003	2003	NUM
ftr-421	432	27	)	)	PUNCT
ftr-421	432	28	;	;	PUNCT
ftr-421	432	29	mark	mark	PROPN
ftr-421	432	30	p.	p.	PROPN
ftr-421	432	31	gergen	gergen	PROPN
ftr-421	432	32	,	,	PUNCT
ftr-421	432	33	potential	potential	ADJ
ftr-421	432	34	tax	tax	NOUN
ftr-421	432	35	traps	trap	NOUN
ftr-421	432	36	in	in	ADP
ftr-421	432	37	liquidating	liquidate	VERB
ftr-421	432	38	a	a	DET
ftr-421	432	39	family	family	NOUN
ftr-421	432	40	limited	limited	ADJ
ftr-421	432	41	partnership	partnership	NOUN
ftr-421	432	42	,	,	PUNCT
ftr-421	432	43	101	101	NUM
ftr-421	432	44	tax	tax	NOUN
ftr-421	432	45	notes	note	NOUN
ftr-421	432	46	1431	1431	NUM
ftr-421	432	47	(	(	PUNCT
ftr-421	432	48	dec	dec	PROPN
ftr-421	432	49	.	.	PROPN
ftr-421	432	50	22	22	NUM
ftr-421	432	51	,	,	PUNCT
ftr-421	432	52	2003	2003	NUM
ftr-421	432	53	)	)	PUNCT
ftr-421	432	54	.	.	PUNCT
ftr-421	433	1	73	73	NUM
ftr-421	433	2	.	.	PUNCT
ftr-421	434	1	distributions	distribution	NOUN
ftr-421	434	2	of	of	ADP
ftr-421	434	3	appreciated	appreciated	ADJ
ftr-421	434	4	assets	asset	NOUN
ftr-421	434	5	from	from	ADP
ftr-421	434	6	a	a	DET
ftr-421	434	7	partnership	partnership	NOUN
ftr-421	434	8	ordinarily	ordinarily	ADV
ftr-421	434	9	do	do	AUX
ftr-421	434	10	not	not	PART
ftr-421	434	11	constitute	constitute	VERB
ftr-421	434	12	a	a	DET
ftr-421	434	13	taxable	taxable	ADJ
ftr-421	434	14	event	event	NOUN
ftr-421	434	15	.	.	PUNCT
ftr-421	435	1	see	see	VERB
ftr-421	435	2	supra	supra	PROPN
ftr-421	435	3	note	note	PROPN
ftr-421	435	4	72	72	NUM
ftr-421	435	5	and	and	CCONJ
ftr-421	435	6	accompanying	accompany	VERB
ftr-421	435	7	text	text	NOUN
ftr-421	435	8	.	.	PUNCT
ftr-421	436	1	in	in	ADP
ftr-421	436	2	contrast	contrast	NOUN
ftr-421	436	3	,	,	PUNCT
ftr-421	436	4	distributions	distribution	NOUN
ftr-421	436	5	of	of	ADP
ftr-421	436	6	appreciated	appreciated	ADJ
ftr-421	436	7	assets	asset	NOUN
ftr-421	436	8	from	from	ADP
ftr-421	436	9	a	a	DET
ftr-421	436	10	corporation	corporation	NOUN
ftr-421	436	11	give	give	VERB
ftr-421	436	12	rise	rise	NOUN
ftr-421	436	13	to	to	ADP
ftr-421	436	14	an	an	DET
ftr-421	436	15	income	income	NOUN
ftr-421	436	16	tax	tax	NOUN
ftr-421	436	17	at	at	ADP
ftr-421	436	18	the	the	DET
ftr-421	436	19	entity	entity	NOUN
ftr-421	436	20	level	level	NOUN
ftr-421	436	21	.	.	PUNCT
ftr-421	437	1	see	see	VERB
ftr-421	437	2	irc	irc	PROPN
ftr-421	437	3	§	§	PROPN
ftr-421	437	4	§	§	PROPN
ftr-421	437	5	311(b	311(b	PROPN
ftr-421	437	6	)	)	PUNCT
ftr-421	437	7	and	and	CCONJ
ftr-421	437	8	336(a	336(a	NUM
ftr-421	437	9	)	)	PUNCT
ftr-421	437	10	.	.	PUNCT
ftr-421	438	1	in	in	ADP
ftr-421	438	2	some	some	DET
ftr-421	438	3	cases	case	NOUN
ftr-421	438	4	,	,	PUNCT
ftr-421	438	5	a	a	DET
ftr-421	438	6	built	build	VERB
ftr-421	438	7	-	-	PUNCT
ftr-421	438	8	in	in	ADP
ftr-421	438	9	capital	capital	NOUN
ftr-421	438	10	gain	gain	NOUN
ftr-421	438	11	tax	tax	NOUN
ftr-421	438	12	liability	liability	NOUN
ftr-421	438	13	may	may	AUX
ftr-421	438	14	give	give	VERB
ftr-421	438	15	rise	rise	NOUN
ftr-421	438	16	to	to	ADP
ftr-421	438	17	a	a	DET
ftr-421	438	18	discount	discount	NOUN
ftr-421	438	19	in	in	ADP
ftr-421	438	20	valuing	value	VERB
ftr-421	438	21	a	a	DET
ftr-421	438	22	transfer	transfer	NOUN
ftr-421	438	23	of	of	ADP
ftr-421	438	24	shares	share	NOUN
ftr-421	438	25	.	.	PUNCT
ftr-421	439	1	see	see	VERB
ftr-421	439	2	estate	estate	NOUN
ftr-421	439	3	of	of	ADP
ftr-421	439	4	eisenberg	eisenberg	PROPN
ftr-421	439	5	v.	v.	PROPN
ftr-421	439	6	commissioner	commissioner	PROPN
ftr-421	439	7	,	,	PUNCT
ftr-421	439	8	155	155	NUM
ftr-421	439	9	f.3d	f.3d	NUM
ftr-421	439	10	50	50	NUM
ftr-421	439	11	(	(	PUNCT
ftr-421	439	12	2d	2d	NUM
ftr-421	439	13	cir	cir	NOUN
ftr-421	439	14	.	.	PUNCT
ftr-421	439	15	1998	1998	NUM
ftr-421	439	16	)	)	PUNCT
ftr-421	439	17	;	;	PUNCT
ftr-421	439	18	estate	estate	NOUN
ftr-421	439	19	of	of	ADP
ftr-421	439	20	dunn	dunn	PROPN
ftr-421	439	21	v.	v.	PROPN
ftr-421	439	22	commissioner	commissioner	PROPN
ftr-421	439	23	,	,	PUNCT
ftr-421	439	24	301	301	NUM
ftr-421	439	25	f.3d	f.3d	NUM
ftr-421	439	26	339	339	NUM
ftr-421	439	27	(	(	PUNCT
ftr-421	439	28	5th	5th	ADJ
ftr-421	439	29	cir	cir	NOUN
ftr-421	439	30	.	.	PUNCT
ftr-421	439	31	2002	2002	NUM
ftr-421	439	32	)	)	PUNCT
ftr-421	439	33	.	.	PUNCT
ftr-421	440	1	individual	individual	ADJ
ftr-421	440	2	shareholders	shareholder	NOUN
ftr-421	440	3	may	may	AUX
ftr-421	440	4	also	also	ADV
ftr-421	440	5	face	face	VERB
ftr-421	440	6	a	a	DET
ftr-421	440	7	substantial	substantial	ADJ
ftr-421	440	8	toll	toll	NOUN
ftr-421	440	9	charge	charge	NOUN
ftr-421	440	10	as	as	ADP
ftr-421	440	11	a	a	DET
ftr-421	440	12	result	result	NOUN
ftr-421	440	13	of	of	ADP
ftr-421	440	14	a	a	DET
ftr-421	440	15	corporate	corporate	ADJ
ftr-421	440	16	distribution	distribution	NOUN
ftr-421	440	17	,	,	PUNCT
ftr-421	440	18	notwithstanding	notwithstanding	ADP
ftr-421	440	19	the	the	DET
ftr-421	440	20	current	current	ADJ
ftr-421	440	21	preferred	preferred	ADJ
ftr-421	440	22	rates	rate	NOUN
ftr-421	440	23	for	for	ADP
ftr-421	440	24	qualifying	qualify	VERB
ftr-421	440	25	dividends	dividend	NOUN
ftr-421	440	26	.	.	PUNCT
ftr-421	441	1	see	see	VERB
ftr-421	441	2	irc	irc	PROPN
ftr-421	441	3	§	§	PROPN
ftr-421	441	4	1(h)(11)(a	1(h)(11)(a	NUM
ftr-421	441	5	)	)	PUNCT
ftr-421	441	6	.	.	PUNCT
ftr-421	442	1	74	74	NUM
ftr-421	442	2	.	.	PUNCT
ftr-421	443	1	as	as	ADP
ftr-421	443	2	a	a	DET
ftr-421	443	3	practical	practical	ADJ
ftr-421	443	4	matter	matter	NOUN
ftr-421	443	5	,	,	PUNCT
ftr-421	443	6	joint	joint	ADJ
ftr-421	443	7	ownership	ownership	NOUN
ftr-421	443	8	is	be	AUX
ftr-421	443	9	less	less	ADV
ftr-421	443	10	attractive	attractive	ADJ
ftr-421	443	11	than	than	ADP
ftr-421	443	12	a	a	DET
ftr-421	443	13	family	family	NOUN
ftr-421	443	14	partnership	partnership	NOUN
ftr-421	443	15	for	for	ADP
ftr-421	443	16	two	two	NUM
ftr-421	443	17	reasons	reason	NOUN
ftr-421	443	18	.	.	PUNCT
ftr-421	444	1	first	first	ADV
ftr-421	444	2	,	,	PUNCT
ftr-421	444	3	the	the	DET
ftr-421	444	4	creation	creation	NOUN
ftr-421	444	5	of	of	ADP
ftr-421	444	6	a	a	DET
ftr-421	444	7	joint	joint	ADJ
ftr-421	444	8	tenancy	tenancy	NOUN
ftr-421	444	9	often	often	ADV
ftr-421	444	10	results	result	VERB
ftr-421	444	11	in	in	ADP
ftr-421	444	12	either	either	CCONJ
ftr-421	444	13	a	a	DET
ftr-421	444	14	gift	gift	NOUN
ftr-421	444	15	tax	tax	NOUN
ftr-421	444	16	(	(	PUNCT
ftr-421	444	17	if	if	SCONJ
ftr-421	444	18	one	one	NUM
ftr-421	444	19	party	party	NOUN
ftr-421	444	20	furnishes	furnish	VERB
ftr-421	444	21	all	all	PRON
ftr-421	444	22	of	of	ADP
ftr-421	444	23	the	the	DET
ftr-421	444	24	consideration	consideration	NOUN
ftr-421	444	25	)	)	PUNCT
ftr-421	444	26	or	or	CCONJ
ftr-421	444	27	an	an	DET
ftr-421	444	28	income	income	NOUN
ftr-421	444	29	tax	tax	NOUN
ftr-421	444	30	(	(	PUNCT
ftr-421	444	31	if	if	SCONJ
ftr-421	444	32	there	there	PRON
ftr-421	444	33	is	be	VERB
ftr-421	444	34	an	an	DET
ftr-421	444	35	exchange	exchange	NOUN
ftr-421	444	36	of	of	ADP
ftr-421	444	37	interests	interest	NOUN
ftr-421	444	38	in	in	ADP
ftr-421	444	39	appreciated	appreciated	ADJ
ftr-421	444	40	assets	asset	NOUN
ftr-421	444	41	)	)	PUNCT
ftr-421	444	42	.	.	PUNCT
ftr-421	445	1	second	second	ADJ
ftr-421	445	2	,	,	PUNCT
ftr-421	445	3	a	a	DET
ftr-421	445	4	joint	joint	ADJ
ftr-421	445	5	tenancy	tenancy	NOUN
ftr-421	445	6	with	with	ADP
ftr-421	445	7	fragmented	fragmented	ADJ
ftr-421	445	8	ownership	ownership	NOUN
ftr-421	445	9	and	and	CCONJ
ftr-421	445	10	control	control	NOUN
ftr-421	445	11	may	may	AUX
ftr-421	445	12	lead	lead	VERB
ftr-421	445	13	to	to	ADP
ftr-421	445	14	difficulties	difficulty	NOUN
ftr-421	445	15	in	in	ADP
ftr-421	445	16	reaching	reach	VERB
ftr-421	445	17	decisions	decision	NOUN
ftr-421	445	18	concerning	concern	VERB
ftr-421	445	19	management	management	NOUN
ftr-421	445	20	or	or	CCONJ
ftr-421	445	21	liquidation	liquidation	NOUN
ftr-421	445	22	of	of	ADP
ftr-421	445	23	the	the	DET
ftr-421	445	24	underlying	underlying	ADJ
ftr-421	445	25	property	property	NOUN
ftr-421	445	26	.	.	PUNCT
ftr-421	446	1	the	the	DET
ftr-421	446	2	“	"	PUNCT
ftr-421	446	3	fractional	fractional	ADJ
ftr-421	446	4	interest	interest	NOUN
ftr-421	446	5	”	"	PUNCT
ftr-421	446	6	discount	discount	NOUN
ftr-421	446	7	allowed	allow	VERB
ftr-421	446	8	in	in	ADP
ftr-421	446	9	valuing	value	VERB
ftr-421	446	10	a	a	DET
ftr-421	446	11	transfer	transfer	NOUN
ftr-421	446	12	of	of	ADP
ftr-421	446	13	an	an	DET
ftr-421	446	14	undivided	undivided	ADJ
ftr-421	446	15	joint	joint	ADJ
ftr-421	446	16	ownership	ownership	NOUN
ftr-421	446	17	interest	interest	NOUN
ftr-421	446	18	is	be	AUX
ftr-421	446	19	typically	typically	ADV
ftr-421	446	20	smaller	small	ADJ
ftr-421	446	21	than	than	ADP
ftr-421	446	22	the	the	DET
ftr-421	446	23	entity	entity	NOUN
ftr-421	446	24	discount	discount	NOUN
ftr-421	446	25	allowed	allow	VERB
ftr-421	446	26	for	for	ADP
ftr-421	446	27	a	a	DET
ftr-421	446	28	limited	limited	ADJ
ftr-421	446	29	partnership	partnership	NOUN
ftr-421	446	30	interest	interest	NOUN
ftr-421	446	31	in	in	ADP
ftr-421	446	32	a	a	DET
ftr-421	446	33	family	family	NOUN
ftr-421	446	34	partnership	partnership	NOUN
ftr-421	446	35	.	.	PUNCT
ftr-421	447	1	see	see	VERB
ftr-421	447	2	supra	supra	PROPN
ftr-421	447	3	note	note	PROPN
ftr-421	447	4	12	12	NUM
ftr-421	447	5	and	and	CCONJ
ftr-421	447	6	accompanying	accompany	VERB
ftr-421	447	7	text	text	NOUN
ftr-421	447	8	.	.	PUNCT
ftr-421	448	1	indeed	indeed	ADV
ftr-421	448	2	,	,	PUNCT
ftr-421	448	3	the	the	DET
ftr-421	448	4	tax	tax	NOUN
ftr-421	448	5	court	court	NOUN
ftr-421	448	6	has	have	AUX
ftr-421	448	7	denied	deny	VERB
ftr-421	448	8	any	any	DET
ftr-421	448	9	fractional	fractional	ADJ
ftr-421	448	10	interest	interest	NOUN
ftr-421	448	11	discount	discount	NOUN
ftr-421	448	12	in	in	ADP
ftr-421	448	13	valuing	value	VERB
ftr-421	448	14	a	a	DET
ftr-421	448	15	joint	joint	ADJ
ftr-421	448	16	tenancy	tenancy	NOUN
ftr-421	448	17	interest	interest	NOUN
ftr-421	448	18	in	in	ADP
ftr-421	448	19	real	real	ADJ
ftr-421	448	20	property	property	NOUN
ftr-421	448	21	for	for	ADP
ftr-421	448	22	estate	estate	NOUN
ftr-421	448	23	tax	tax	NOUN
ftr-421	448	24	purposes	purpose	NOUN
ftr-421	448	25	under	under	ADP
ftr-421	448	26	irc	irc	PROPN
ftr-421	448	27	§	§	PROPN
ftr-421	448	28	2040(a	2040(a	NUM
ftr-421	448	29	)	)	PUNCT
ftr-421	448	30	.	.	PUNCT
ftr-421	449	1	see	see	VERB
ftr-421	449	2	estate	estate	NOUN
ftr-421	449	3	of	of	ADP
ftr-421	449	4	young	young	ADJ
ftr-421	449	5	v.	v.	PROPN
ftr-421	449	6	commissioner	commissioner	NOUN
ftr-421	449	7	,	,	PUNCT
ftr-421	449	8	110	110	NUM
ftr-421	449	9	t.c	t.c	PROPN
ftr-421	449	10	.	.	PROPN
ftr-421	449	11	297	297	NUM
ftr-421	449	12	(	(	PUNCT
ftr-421	449	13	1998	1998	NUM
ftr-421	449	14	)	)	PUNCT
ftr-421	449	15	.	.	PUNCT
ftr-421	450	1	75	75	NUM
ftr-421	450	2	.	.	PUNCT
ftr-421	451	1	from	from	ADP
ftr-421	451	2	a	a	DET
ftr-421	451	3	functional	functional	ADJ
ftr-421	451	4	perspective	perspective	NOUN
ftr-421	451	5	,	,	PUNCT
ftr-421	451	6	perhaps	perhaps	ADV
ftr-421	451	7	the	the	DET
ftr-421	451	8	closest	close	ADJ
ftr-421	451	9	analog	analog	NOUN
ftr-421	451	10	to	to	ADP
ftr-421	451	11	a	a	DET
ftr-421	451	12	family	family	NOUN
ftr-421	451	13	partnership	partnership	NOUN
ftr-421	451	14	is	be	AUX
ftr-421	451	15	an	an	DET
ftr-421	451	16	express	express	ADJ
ftr-421	451	17	private	private	ADJ
ftr-421	451	18	trust	trust	NOUN
ftr-421	451	19	.	.	PUNCT
ftr-421	452	1	denying	deny	VERB
ftr-421	452	2	an	an	DET
ftr-421	452	3	entity	entity	NOUN
ftr-421	452	4	discount	discount	NOUN
ftr-421	452	5	in	in	ADP
ftr-421	452	6	valuing	value	VERB
ftr-421	452	7	partnership	partnership	NOUN
ftr-421	452	8	interests	interest	NOUN
ftr-421	452	9	would	would	AUX
ftr-421	452	10	be	be	AUX
ftr-421	452	11	fully	fully	ADV
ftr-421	452	12	consistent	consistent	ADJ
ftr-421	452	13	with	with	ADP
ftr-421	452	14	the	the	DET
ftr-421	452	15	actuarial	actuarial	ADJ
ftr-421	452	16	valuation	valuation	NOUN
ftr-421	452	17	methods	method	NOUN
ftr-421	452	18	traditionally	traditionally	ADV
ftr-421	452	19	employed	employ	VERB
ftr-421	452	20	in	in	ADP
ftr-421	452	21	valuing	value	VERB
ftr-421	452	22	trust	trust	NOUN
ftr-421	452	23	interests	interest	NOUN
ftr-421	452	24	.	.	PUNCT
ftr-421	453	1	see	see	VERB
ftr-421	453	2	irc	irc	PROPN
ftr-421	453	3	§	§	PROPN
ftr-421	453	4	7520	7520	NUM
ftr-421	453	5	.	.	PUNCT
ftr-421	454	1	668	668	NUM
ftr-421	454	2	florida	florida	PROPN
ftr-421	454	3	tax	tax	NOUN
ftr-421	454	4	review	review	NOUN
ftr-421	454	5	[	[	X
ftr-421	454	6	vol.6:6	vol.6:6	NOUN
ftr-421	454	7	if	if	SCONJ
ftr-421	454	8	the	the	DET
ftr-421	454	9	capital	capital	NOUN
ftr-421	454	10	account	account	NOUN
ftr-421	454	11	approach	approach	NOUN
ftr-421	454	12	is	be	AUX
ftr-421	454	13	rejected	reject	VERB
ftr-421	454	14	,	,	PUNCT
ftr-421	454	15	an	an	DET
ftr-421	454	16	obvious	obvious	ADJ
ftr-421	454	17	alternative	alternative	NOUN
ftr-421	454	18	would	would	AUX
ftr-421	454	19	be	be	AUX
ftr-421	454	20	to	to	PART
ftr-421	454	21	require	require	VERB
ftr-421	454	22	consistent	consistent	ADJ
ftr-421	454	23	valuation	valuation	NOUN
ftr-421	454	24	of	of	ADP
ftr-421	454	25	the	the	DET
ftr-421	454	26	partnership	partnership	NOUN
ftr-421	454	27	interest	interest	NOUN
ftr-421	454	28	reflecting	reflect	VERB
ftr-421	454	29	the	the	DET
ftr-421	454	30	discount	discount	NOUN
ftr-421	454	31	claimed	claim	VERB
ftr-421	454	32	by	by	ADP
ftr-421	454	33	the	the	DET
ftr-421	454	34	taxpayer	taxpayer	NOUN
ftr-421	454	35	.	.	PUNCT
ftr-421	455	1	this	this	DET
ftr-421	455	2	entity	entity	NOUN
ftr-421	455	3	discount	discount	NOUN
ftr-421	455	4	approach	approach	NOUN
ftr-421	455	5	would	would	AUX
ftr-421	455	6	result	result	VERB
ftr-421	455	7	in	in	ADP
ftr-421	455	8	a	a	DET
ftr-421	455	9	taxable	taxable	ADJ
ftr-421	455	10	gift	gift	NOUN
ftr-421	455	11	at	at	ADP
ftr-421	455	12	the	the	DET
ftr-421	455	13	formation	formation	NOUN
ftr-421	455	14	of	of	ADP
ftr-421	455	15	the	the	DET
ftr-421	455	16	partnership	partnership	NOUN
ftr-421	455	17	,	,	PUNCT
ftr-421	455	18	to	to	ADP
ftr-421	455	19	the	the	DET
ftr-421	455	20	extent	extent	NOUN
ftr-421	455	21	that	that	SCONJ
ftr-421	455	22	the	the	DET
ftr-421	455	23	value	value	NOUN
ftr-421	455	24	of	of	ADP
ftr-421	455	25	the	the	DET
ftr-421	455	26	assets	asset	NOUN
ftr-421	455	27	contributed	contribute	VERB
ftr-421	455	28	to	to	ADP
ftr-421	455	29	the	the	DET
ftr-421	455	30	partnership	partnership	NOUN
ftr-421	455	31	exceeds	exceed	VERB
ftr-421	455	32	the	the	DET
ftr-421	455	33	discounted	discount	VERB
ftr-421	455	34	value	value	NOUN
ftr-421	455	35	of	of	ADP
ftr-421	455	36	the	the	DET
ftr-421	455	37	partnership	partnership	NOUN
ftr-421	455	38	interest	interest	NOUN
ftr-421	455	39	received	receive	VERB
ftr-421	455	40	in	in	ADP
ftr-421	455	41	exchange	exchange	NOUN
ftr-421	455	42	.	.	PUNCT
ftr-421	456	1	it	it	PRON
ftr-421	456	2	should	should	AUX
ftr-421	456	3	not	not	PART
ftr-421	456	4	matter	matter	VERB
ftr-421	456	5	that	that	SCONJ
ftr-421	456	6	the	the	DET
ftr-421	456	7	excess76	excess76	NOUN
ftr-421	456	8	inside	inside	ADP
ftr-421	456	9	value	value	NOUN
ftr-421	456	10	is	be	AUX
ftr-421	456	11	now	now	ADV
ftr-421	456	12	locked	lock	VERB
ftr-421	456	13	in	in	ADP
ftr-421	456	14	the	the	DET
ftr-421	456	15	transferor	transferor	NOUN
ftr-421	456	16	’s	’s	PART
ftr-421	456	17	capital	capital	NOUN
ftr-421	456	18	account	account	NOUN
ftr-421	456	19	,	,	PUNCT
ftr-421	456	20	since	since	SCONJ
ftr-421	456	21	the	the	DET
ftr-421	456	22	transferor	transferor	NOUN
ftr-421	456	23	has	have	AUX
ftr-421	456	24	deliberately	deliberately	ADV
ftr-421	456	25	taken	take	VERB
ftr-421	456	26	advantage	advantage	NOUN
ftr-421	456	27	of	of	ADP
ftr-421	456	28	the	the	DET
ftr-421	456	29	partnership	partnership	NOUN
ftr-421	456	30	form	form	NOUN
ftr-421	456	31	to	to	PART
ftr-421	456	32	claim	claim	VERB
ftr-421	456	33	an	an	DET
ftr-421	456	34	entity	entity	NOUN
ftr-421	456	35	discount	discount	NOUN
ftr-421	456	36	.	.	PUNCT
ftr-421	457	1	the	the	DET
ftr-421	457	2	main	main	ADJ
ftr-421	457	3	difference	difference	NOUN
ftr-421	457	4	between	between	ADP
ftr-421	457	5	the	the	DET
ftr-421	457	6	two	two	NUM
ftr-421	457	7	approaches	approach	NOUN
ftr-421	457	8	is	be	AUX
ftr-421	457	9	one	one	NUM
ftr-421	457	10	of77	of77	PROPN
ftr-421	457	11	timing	timing	NOUN
ftr-421	457	12	:	:	PUNCT
ftr-421	457	13	under	under	ADP
ftr-421	457	14	the	the	DET
ftr-421	457	15	entity	entity	NOUN
ftr-421	457	16	discount	discount	NOUN
ftr-421	457	17	approach	approach	NOUN
ftr-421	457	18	a	a	DET
ftr-421	457	19	taxable	taxable	ADJ
ftr-421	457	20	gift	gift	NOUN
ftr-421	457	21	occurs	occur	VERB
ftr-421	457	22	at	at	ADP
ftr-421	457	23	the	the	DET
ftr-421	457	24	formation	formation	NOUN
ftr-421	457	25	of	of	ADP
ftr-421	457	26	the	the	DET
ftr-421	457	27	partnership	partnership	NOUN
ftr-421	457	28	,	,	PUNCT
ftr-421	457	29	while	while	SCONJ
ftr-421	457	30	under	under	ADP
ftr-421	457	31	the	the	DET
ftr-421	457	32	capital	capital	NOUN
ftr-421	457	33	account	account	NOUN
ftr-421	457	34	approach	approach	NOUN
ftr-421	457	35	the	the	DET
ftr-421	457	36	taxable	taxable	ADJ
ftr-421	457	37	event	event	NOUN
ftr-421	457	38	is	be	AUX
ftr-421	457	39	deferred	defer	VERB
ftr-421	457	40	until	until	SCONJ
ftr-421	457	41	the	the	DET
ftr-421	457	42	transferor	transferor	NOUN
ftr-421	457	43	disposes	dispose	VERB
ftr-421	457	44	of	of	ADP
ftr-421	457	45	the	the	DET
ftr-421	457	46	partnership	partnership	NOUN
ftr-421	457	47	interest	interest	NOUN
ftr-421	457	48	during	during	ADP
ftr-421	457	49	life	life	NOUN
ftr-421	457	50	or	or	CCONJ
ftr-421	457	51	at	at	ADP
ftr-421	457	52	death	death	NOUN
ftr-421	457	53	.	.	PUNCT
ftr-421	458	1	under	under	ADP
ftr-421	458	2	either	either	DET
ftr-421	458	3	approach	approach	NOUN
ftr-421	458	4	,	,	PUNCT
ftr-421	458	5	however	however	ADV
ftr-421	458	6	,	,	PUNCT
ftr-421	458	7	the	the	DET
ftr-421	458	8	transferor	transferor	NOUN
ftr-421	458	9	’s	’s	PART
ftr-421	458	10	proportional	proportional	ADJ
ftr-421	458	11	share78	share78	NOUN
ftr-421	458	12	of	of	ADP
ftr-421	458	13	the	the	DET
ftr-421	458	14	inside	inside	ADJ
ftr-421	458	15	value	value	NOUN
ftr-421	458	16	of	of	ADP
ftr-421	458	17	the	the	DET
ftr-421	458	18	partnership	partnership	NOUN
ftr-421	458	19	assets	asset	NOUN
ftr-421	458	20	would	would	AUX
ftr-421	458	21	be	be	AUX
ftr-421	458	22	included	include	VERB
ftr-421	458	23	in	in	ADP
ftr-421	458	24	his	his	PRON
ftr-421	458	25	or	or	CCONJ
ftr-421	458	26	her	her	PRON
ftr-421	458	27	transfer	transfer	NOUN
ftr-421	458	28	tax	tax	NOUN
ftr-421	458	29	base	base	NOUN
ftr-421	458	30	.	.	PUNCT
ftr-421	459	1	a	a	DET
ftr-421	459	2	somewhat	somewhat	ADV
ftr-421	459	3	different	different	ADJ
ftr-421	459	4	approach	approach	NOUN
ftr-421	459	5	to	to	ADP
ftr-421	459	6	the	the	DET
ftr-421	459	7	problem	problem	NOUN
ftr-421	459	8	of	of	ADP
ftr-421	459	9	disappearing	disappear	VERB
ftr-421	459	10	value	value	NOUN
ftr-421	459	11	is	be	AUX
ftr-421	459	12	found	find	VERB
ftr-421	459	13	in	in	ADP
ftr-421	459	14	section	section	NOUN
ftr-421	459	15	2036	2036	NUM
ftr-421	459	16	,	,	PUNCT
ftr-421	459	17	which	which	PRON
ftr-421	459	18	requires	require	VERB
ftr-421	459	19	that	that	SCONJ
ftr-421	459	20	property	property	NOUN
ftr-421	459	21	transferred	transfer	VERB
ftr-421	459	22	during	during	ADP
ftr-421	459	23	life	life	NOUN
ftr-421	459	24	be	be	AUX
ftr-421	459	25	drawn	draw	VERB
ftr-421	459	26	back	back	ADV
ftr-421	459	27	into	into	ADP
ftr-421	459	28	the	the	DET
ftr-421	459	29	gross	gross	ADJ
ftr-421	459	30	estate	estate	NOUN
ftr-421	459	31	at	at	ADP
ftr-421	459	32	death	death	NOUN
ftr-421	459	33	if	if	SCONJ
ftr-421	459	34	the	the	DET
ftr-421	459	35	decedent	decedent	NOUN
ftr-421	459	36	retained	retain	VERB
ftr-421	459	37	possession	possession	NOUN
ftr-421	459	38	or	or	CCONJ
ftr-421	459	39	enjoyment	enjoyment	NOUN
ftr-421	459	40	of	of	ADP
ftr-421	459	41	the	the	DET
ftr-421	459	42	property	property	NOUN
ftr-421	459	43	or	or	CCONJ
ftr-421	459	44	a	a	DET
ftr-421	459	45	right	right	NOUN
ftr-421	459	46	to	to	PART
ftr-421	459	47	control	control	VERB
ftr-421	459	48	beneficial	beneficial	ADJ
ftr-421	459	49	enjoyment	enjoyment	NOUN
ftr-421	459	50	of	of	ADP
ftr-421	459	51	the	the	DET
ftr-421	459	52	property	property	NOUN
ftr-421	459	53	for	for	ADP
ftr-421	459	54	life	life	NOUN
ftr-421	459	55	.	.	PUNCT
ftr-421	460	1	section	section	NOUN
ftr-421	460	2	2036	2036	NUM
ftr-421	460	3	has	have	AUX
ftr-421	460	4	recently	recently	ADV
ftr-421	460	5	been	be	AUX
ftr-421	460	6	invoked	invoke	VERB
ftr-421	460	7	to	to	PART
ftr-421	460	8	reach	reach	VERB
ftr-421	460	9	assets	asset	NOUN
ftr-421	460	10	held79	held79	NOUN
ftr-421	460	11	in	in	ADP
ftr-421	460	12	a	a	DET
ftr-421	460	13	family	family	NOUN
ftr-421	460	14	partnership	partnership	NOUN
ftr-421	460	15	where	where	SCONJ
ftr-421	460	16	the	the	DET
ftr-421	460	17	decedent	decedent	NOUN
ftr-421	460	18	retained	retain	VERB
ftr-421	460	19	substantially	substantially	ADV
ftr-421	460	20	unimpeded	unimpeded	ADJ
ftr-421	460	21	access	access	NOUN
ftr-421	460	22	to	to	ADP
ftr-421	460	23	the	the	DET
ftr-421	460	24	partnership	partnership	NOUN
ftr-421	460	25	assets	asset	NOUN
ftr-421	460	26	until	until	ADP
ftr-421	460	27	death	death	NOUN
ftr-421	460	28	.	.	PUNCT
ftr-421	461	1	the	the	DET
ftr-421	461	2	effect	effect	NOUN
ftr-421	461	3	of	of	ADP
ftr-421	461	4	section	section	NOUN
ftr-421	461	5	2036	2036	NUM
ftr-421	461	6	,	,	PUNCT
ftr-421	461	7	where80	where80	NOUN
ftr-421	461	8	76	76	NUM
ftr-421	461	9	.	.	PUNCT
ftr-421	462	1	see	see	VERB
ftr-421	462	2	supra	supra	PROPN
ftr-421	462	3	note	note	PROPN
ftr-421	462	4	3	3	NUM
ftr-421	462	5	and	and	CCONJ
ftr-421	462	6	accompanying	accompany	VERB
ftr-421	462	7	text	text	NOUN
ftr-421	462	8	.	.	PUNCT
ftr-421	463	1	77	77	NUM
ftr-421	463	2	.	.	PUNCT
ftr-421	464	1	see	see	VERB
ftr-421	464	2	schmolka	schmolka	ADJ
ftr-421	464	3	,	,	PUNCT
ftr-421	464	4	supra	supra	ADJ
ftr-421	464	5	note	note	NOUN
ftr-421	464	6	1	1	NUM
ftr-421	464	7	,	,	PUNCT
ftr-421	464	8	at	at	ADP
ftr-421	464	9	1486	1486	NUM
ftr-421	464	10	(	(	PUNCT
ftr-421	464	11	“	"	PUNCT
ftr-421	464	12	it	it	PRON
ftr-421	464	13	makes	make	VERB
ftr-421	464	14	no	no	DET
ftr-421	464	15	difference	difference	NOUN
ftr-421	464	16	where	where	SCONJ
ftr-421	464	17	the	the	DET
ftr-421	464	18	[	[	X
ftr-421	464	19	excess	excess	ADJ
ftr-421	464	20	inside	inside	ADJ
ftr-421	464	21	value	value	NOUN
ftr-421	464	22	]	]	PUNCT
ftr-421	464	23	goes	go	VERB
ftr-421	464	24	,	,	PUNCT
ftr-421	464	25	or	or	CCONJ
ftr-421	464	26	,	,	PUNCT
ftr-421	464	27	indeed	indeed	ADV
ftr-421	464	28	,	,	PUNCT
ftr-421	464	29	whether	whether	SCONJ
ftr-421	464	30	it	it	PRON
ftr-421	464	31	goes	go	VERB
ftr-421	464	32	anywhere	anywhere	ADV
ftr-421	464	33	”	"	PUNCT
ftr-421	464	34	)	)	PUNCT
ftr-421	464	35	.	.	PUNCT
ftr-421	465	1	with	with	ADP
ftr-421	465	2	this	this	DET
ftr-421	465	3	analysis	analysis	NOUN
ftr-421	465	4	,	,	PUNCT
ftr-421	465	5	compare	compare	VERB
ftr-421	465	6	the	the	DET
ftr-421	465	7	analysis	analysis	NOUN
ftr-421	465	8	in	in	ADP
ftr-421	465	9	estate	estate	NOUN
ftr-421	465	10	of	of	ADP
ftr-421	465	11	bosca	bosca	NOUN
ftr-421	465	12	v.	v.	PROPN
ftr-421	465	13	commissioner	commissioner	PROPN
ftr-421	465	14	,	,	PUNCT
ftr-421	465	15	76	76	NUM
ftr-421	465	16	t.c	t.c	PROPN
ftr-421	465	17	.	.	PROPN
ftr-421	465	18	memo	memo	NOUN
ftr-421	465	19	(	(	PUNCT
ftr-421	465	20	cch	cch	PROPN
ftr-421	465	21	)	)	PUNCT
ftr-421	465	22	62	62	NUM
ftr-421	465	23	,	,	PUNCT
ftr-421	465	24	t.c	t.c	PROPN
ftr-421	465	25	.	.	PROPN
ftr-421	465	26	memo	memo	NOUN
ftr-421	465	27	(	(	PUNCT
ftr-421	465	28	ria	ria	PROPN
ftr-421	465	29	)	)	PUNCT
ftr-421	465	30	98,251	98,251	NUM
ftr-421	465	31	(	(	PUNCT
ftr-421	465	32	1998	1998	NUM
ftr-421	465	33	)	)	PUNCT
ftr-421	465	34	,	,	PUNCT
ftr-421	465	35	holding	hold	VERB
ftr-421	465	36	that	that	SCONJ
ftr-421	465	37	a	a	DET
ftr-421	465	38	50	50	NUM
ftr-421	465	39	%	%	NOUN
ftr-421	465	40	shareholder	shareholder	NOUN
ftr-421	465	41	who	who	PRON
ftr-421	465	42	exchanged	exchange	VERB
ftr-421	465	43	voting	voting	NOUN
ftr-421	465	44	shares	share	NOUN
ftr-421	465	45	for	for	ADP
ftr-421	465	46	nonvoting	nonvoting	ADJ
ftr-421	465	47	shares	share	NOUN
ftr-421	465	48	in	in	ADP
ftr-421	465	49	a	a	DET
ftr-421	465	50	corporate	corporate	ADJ
ftr-421	465	51	recapitalization	recapitalization	NOUN
ftr-421	465	52	made	make	VERB
ftr-421	465	53	separate	separate	ADJ
ftr-421	465	54	gifts	gift	NOUN
ftr-421	465	55	to	to	ADP
ftr-421	465	56	the	the	DET
ftr-421	465	57	other	other	ADJ
ftr-421	465	58	two	two	NUM
ftr-421	465	59	25	25	NUM
ftr-421	465	60	%	%	NOUN
ftr-421	465	61	shareholders	shareholder	NOUN
ftr-421	465	62	equal	equal	ADJ
ftr-421	465	63	to	to	ADP
ftr-421	465	64	the	the	DET
ftr-421	465	65	value	value	NOUN
ftr-421	465	66	of	of	ADP
ftr-421	465	67	the	the	DET
ftr-421	465	68	relinquished	relinquished	ADJ
ftr-421	465	69	voting	voting	NOUN
ftr-421	465	70	rights	right	NOUN
ftr-421	465	71	in	in	ADP
ftr-421	465	72	two	two	NUM
ftr-421	465	73	25	25	NUM
ftr-421	465	74	%	%	NOUN
ftr-421	465	75	blocks	block	NOUN
ftr-421	465	76	of	of	ADP
ftr-421	465	77	stock	stock	NOUN
ftr-421	465	78	.	.	PUNCT
ftr-421	466	1	78	78	NUM
ftr-421	466	2	.	.	PUNCT
ftr-421	467	1	if	if	SCONJ
ftr-421	467	2	the	the	DET
ftr-421	467	3	value	value	NOUN
ftr-421	467	4	of	of	ADP
ftr-421	467	5	the	the	DET
ftr-421	467	6	partnership	partnership	NOUN
ftr-421	467	7	assets	asset	NOUN
ftr-421	467	8	is	be	AUX
ftr-421	467	9	expected	expect	VERB
ftr-421	467	10	to	to	PART
ftr-421	467	11	appreciate	appreciate	VERB
ftr-421	467	12	substantially	substantially	ADV
ftr-421	467	13	,	,	PUNCT
ftr-421	467	14	a	a	DET
ftr-421	467	15	rational	rational	ADJ
ftr-421	467	16	taxpayer	taxpayer	NOUN
ftr-421	467	17	might	might	AUX
ftr-421	467	18	prefer	prefer	VERB
ftr-421	467	19	to	to	PART
ftr-421	467	20	incur	incur	VERB
ftr-421	467	21	a	a	DET
ftr-421	467	22	gift	gift	NOUN
ftr-421	467	23	tax	tax	NOUN
ftr-421	467	24	immediately	immediately	ADV
ftr-421	467	25	on	on	ADP
ftr-421	467	26	formation	formation	NOUN
ftr-421	467	27	of	of	ADP
ftr-421	467	28	the	the	DET
ftr-421	467	29	partnership	partnership	NOUN
ftr-421	467	30	,	,	PUNCT
ftr-421	467	31	in	in	ADP
ftr-421	467	32	order	order	NOUN
ftr-421	467	33	to	to	PART
ftr-421	467	34	avoid	avoid	VERB
ftr-421	467	35	incurring	incur	VERB
ftr-421	467	36	a	a	DET
ftr-421	467	37	later	later	ADJ
ftr-421	467	38	tax	tax	NOUN
ftr-421	467	39	at	at	ADP
ftr-421	467	40	a	a	DET
ftr-421	467	41	higher	high	ADJ
ftr-421	467	42	marginal	marginal	ADJ
ftr-421	467	43	rate	rate	NOUN
ftr-421	467	44	.	.	PUNCT
ftr-421	468	1	experience	experience	NOUN
ftr-421	468	2	suggests	suggest	VERB
ftr-421	468	3	,	,	PUNCT
ftr-421	468	4	however	however	ADV
ftr-421	468	5	,	,	PUNCT
ftr-421	468	6	that	that	SCONJ
ftr-421	468	7	taxpayers	taxpayer	NOUN
ftr-421	468	8	often	often	ADV
ftr-421	468	9	prefer	prefer	VERB
ftr-421	468	10	to	to	PART
ftr-421	468	11	defer	defer	VERB
ftr-421	468	12	paying	pay	VERB
ftr-421	468	13	transfer	transfer	NOUN
ftr-421	468	14	tax	tax	NOUN
ftr-421	468	15	even	even	ADV
ftr-421	468	16	if	if	SCONJ
ftr-421	468	17	this	this	PRON
ftr-421	468	18	results	result	VERB
ftr-421	468	19	in	in	ADP
ftr-421	468	20	a	a	DET
ftr-421	468	21	higher	high	ADJ
ftr-421	468	22	overall	overall	ADJ
ftr-421	468	23	tax	tax	NOUN
ftr-421	468	24	burden	burden	NOUN
ftr-421	468	25	.	.	PUNCT
ftr-421	469	1	79	79	NUM
ftr-421	469	2	.	.	PUNCT
ftr-421	470	1	see	see	VERB
ftr-421	470	2	irc	irc	PROPN
ftr-421	470	3	§	§	PROPN
ftr-421	470	4	2036(a)(1	2036(a)(1	NOUN
ftr-421	470	5	)	)	PUNCT
ftr-421	470	6	(	(	PUNCT
ftr-421	470	7	retained	retain	VERB
ftr-421	470	8	“	"	PUNCT
ftr-421	470	9	possession	possession	NOUN
ftr-421	470	10	or	or	CCONJ
ftr-421	470	11	enjoyment	enjoyment	NOUN
ftr-421	470	12	of	of	ADP
ftr-421	470	13	,	,	PUNCT
ftr-421	470	14	or	or	CCONJ
ftr-421	470	15	the	the	DET
ftr-421	470	16	right	right	NOUN
ftr-421	470	17	to	to	ADP
ftr-421	470	18	the	the	DET
ftr-421	470	19	income	income	NOUN
ftr-421	470	20	from	from	ADP
ftr-421	470	21	,	,	PUNCT
ftr-421	470	22	the	the	DET
ftr-421	470	23	property	property	NOUN
ftr-421	470	24	”	"	PUNCT
ftr-421	470	25	)	)	PUNCT
ftr-421	470	26	,	,	PUNCT
ftr-421	470	27	(	(	PUNCT
ftr-421	470	28	a)(2	a)(2	NOUN
ftr-421	470	29	)	)	PUNCT
ftr-421	470	30	(	(	PUNCT
ftr-421	470	31	retained	retain	VERB
ftr-421	470	32	right	right	ADV
ftr-421	470	33	“	"	PUNCT
ftr-421	470	34	to	to	PART
ftr-421	470	35	designate	designate	VERB
ftr-421	470	36	the	the	DET
ftr-421	470	37	persons	person	NOUN
ftr-421	470	38	who	who	PRON
ftr-421	470	39	shall	shall	AUX
ftr-421	470	40	possess	possess	VERB
ftr-421	470	41	or	or	CCONJ
ftr-421	470	42	enjoy	enjoy	VERB
ftr-421	470	43	the	the	DET
ftr-421	470	44	property	property	NOUN
ftr-421	470	45	or	or	CCONJ
ftr-421	470	46	the	the	DET
ftr-421	470	47	income	income	NOUN
ftr-421	470	48	therefrom	therefrom	NOUN
ftr-421	470	49	”	"	PUNCT
ftr-421	470	50	)	)	PUNCT
ftr-421	470	51	.	.	PUNCT
ftr-421	471	1	under	under	ADP
ftr-421	471	2	§	§	PROPN
ftr-421	471	3	2036(b	2036(b	NUM
ftr-421	471	4	)	)	PUNCT
ftr-421	471	5	,	,	PUNCT
ftr-421	471	6	retention	retention	NOUN
ftr-421	471	7	of	of	ADP
ftr-421	471	8	the	the	DET
ftr-421	471	9	right	right	NOUN
ftr-421	471	10	to	to	PART
ftr-421	471	11	vote	vote	VERB
ftr-421	471	12	shares	share	NOUN
ftr-421	471	13	of	of	ADP
ftr-421	471	14	stock	stock	NOUN
ftr-421	471	15	in	in	ADP
ftr-421	471	16	a	a	DET
ftr-421	471	17	controlled	control	VERB
ftr-421	471	18	corporation	corporation	NOUN
ftr-421	471	19	is	be	AUX
ftr-421	471	20	treated	treat	VERB
ftr-421	471	21	as	as	ADP
ftr-421	471	22	retention	retention	NOUN
ftr-421	471	23	of	of	ADP
ftr-421	471	24	the	the	DET
ftr-421	471	25	enjoyment	enjoyment	NOUN
ftr-421	471	26	of	of	ADP
ftr-421	471	27	transferred	transfer	VERB
ftr-421	471	28	property	property	NOUN
ftr-421	471	29	for	for	ADP
ftr-421	471	30	purposes	purpose	NOUN
ftr-421	471	31	of	of	ADP
ftr-421	471	32	§	§	PROPN
ftr-421	471	33	2036(a)(1	2036(a)(1	NOUN
ftr-421	471	34	)	)	PUNCT
ftr-421	471	35	.	.	PUNCT
ftr-421	472	1	by	by	ADP
ftr-421	472	2	its	its	PRON
ftr-421	472	3	terms	term	NOUN
ftr-421	472	4	,	,	PUNCT
ftr-421	472	5	however	however	ADV
ftr-421	472	6	,	,	PUNCT
ftr-421	472	7	§	§	PROPN
ftr-421	472	8	2036(b	2036(b	NUM
ftr-421	472	9	)	)	PUNCT
ftr-421	472	10	applies	apply	VERB
ftr-421	472	11	only	only	ADV
ftr-421	472	12	to	to	ADP
ftr-421	472	13	stock	stock	NOUN
ftr-421	472	14	in	in	ADP
ftr-421	472	15	a	a	DET
ftr-421	472	16	controlled	control	VERB
ftr-421	472	17	corporation	corporation	NOUN
ftr-421	472	18	,	,	PUNCT
ftr-421	472	19	not	not	PART
ftr-421	472	20	to	to	ADP
ftr-421	472	21	interests	interest	NOUN
ftr-421	472	22	in	in	ADP
ftr-421	472	23	a	a	DET
ftr-421	472	24	family	family	NOUN
ftr-421	472	25	partnership	partnership	NOUN
ftr-421	472	26	.	.	PUNCT
ftr-421	473	1	see	see	VERB
ftr-421	473	2	irc	irc	PROPN
ftr-421	473	3	§	§	PROPN
ftr-421	473	4	2036(b	2036(b	NUM
ftr-421	473	5	)	)	PUNCT
ftr-421	473	6	.	.	PUNCT
ftr-421	474	1	80	80	NUM
ftr-421	474	2	.	.	PUNCT
ftr-421	474	3	see	see	VERB
ftr-421	474	4	estate	estate	NOUN
ftr-421	474	5	of	of	ADP
ftr-421	474	6	schauerhamer	schauerhamer	NOUN
ftr-421	474	7	v.	v.	ADP
ftr-421	474	8	commissioner	commissioner	NOUN
ftr-421	474	9	,	,	PUNCT
ftr-421	475	1	73	73	NUM
ftr-421	475	2	t.c	t.c	PROPN
ftr-421	475	3	.	.	PROPN
ftr-421	475	4	memo	memo	NOUN
ftr-421	475	5	(	(	PUNCT
ftr-421	475	6	cch	cch	NOUN
ftr-421	475	7	)	)	PUNCT
ftr-421	475	8	2855	2855	NUM
ftr-421	475	9	,	,	PUNCT
ftr-421	475	10	t.c	t.c	PROPN
ftr-421	475	11	.	.	PROPN
ftr-421	475	12	memo	memo	NOUN
ftr-421	475	13	(	(	PUNCT
ftr-421	475	14	ria	ria	PROPN
ftr-421	475	15	)	)	PUNCT
ftr-421	475	16	97,242	97,242	NUM
ftr-421	475	17	(	(	PUNCT
ftr-421	475	18	1997	1997	NUM
ftr-421	475	19	)	)	PUNCT
ftr-421	475	20	;	;	PUNCT
ftr-421	475	21	estate	estate	NOUN
ftr-421	475	22	of	of	ADP
ftr-421	475	23	reichardt	reichardt	PROPN
ftr-421	475	24	v.	v.	ADP
ftr-421	475	25	commissioner	commissioner	NOUN
ftr-421	475	26	,	,	PUNCT
ftr-421	475	27	114	114	NUM
ftr-421	475	28	t.c	t.c	PROPN
ftr-421	475	29	.	.	PROPN
ftr-421	475	30	144	144	NUM
ftr-421	475	31	(	(	PUNCT
ftr-421	475	32	2000	2000	NUM
ftr-421	475	33	)	)	PUNCT
ftr-421	475	34	;	;	PUNCT
ftr-421	475	35	estate	estate	NOUN
ftr-421	475	36	of	of	ADP
ftr-421	475	37	harper	harper	PROPN
ftr-421	475	38	v.	v.	PROPN
ftr-421	475	39	commissioner	commissioner	PROPN
ftr-421	475	40	,	,	PUNCT
ftr-421	475	41	83	83	NUM
ftr-421	475	42	t.c	t.c	PROPN
ftr-421	475	43	.	.	PROPN
ftr-421	475	44	memo	memo	NOUN
ftr-421	475	45	(	(	PUNCT
ftr-421	475	46	cch	cch	NOUN
ftr-421	475	47	)	)	PUNCT
ftr-421	475	48	1641	1641	NUM
ftr-421	475	49	,	,	PUNCT
ftr-421	475	50	t.c	t.c	PROPN
ftr-421	475	51	.	.	PROPN
ftr-421	475	52	memo	memo	NOUN
ftr-421	475	53	(	(	PUNCT
ftr-421	475	54	ria	ria	PROPN
ftr-421	475	55	)	)	PUNCT
ftr-421	475	56	2002	2002	NUM
ftr-421	475	57	-	-	SYM
ftr-421	475	58	121	121	NUM
ftr-421	475	59	(	(	PUNCT
ftr-421	475	60	2002	2002	NUM
ftr-421	475	61	)	)	PUNCT
ftr-421	475	62	;	;	PUNCT
ftr-421	475	63	estate	estate	NOUN
ftr-421	475	64	of	of	ADP
ftr-421	475	65	thompson	thompson	PROPN
ftr-421	475	66	v.	v.	PROPN
ftr-421	475	67	commissioner	commissioner	PROPN
ftr-421	475	68	,	,	PUNCT
ftr-421	475	69	84	84	NUM
ftr-421	475	70	t.c	t.c	PROPN
ftr-421	475	71	.	.	PROPN
ftr-421	475	72	memo	memo	NOUN
ftr-421	475	73	(	(	PUNCT
ftr-421	475	74	cch	cch	PROPN
ftr-421	475	75	)	)	PUNCT
ftr-421	475	76	2004	2004	NUM
ftr-421	475	77	]	]	PUNCT
ftr-421	475	78	family	family	NOUN
ftr-421	475	79	limited	limit	VERB
ftr-421	475	80	partnerships	partnership	NOUN
ftr-421	475	81	669	669	NUM
ftr-421	475	82	it	it	PRON
ftr-421	475	83	applies	apply	VERB
ftr-421	475	84	,	,	PUNCT
ftr-421	475	85	is	be	AUX
ftr-421	475	86	to	to	PART
ftr-421	475	87	disregard	disregard	VERB
ftr-421	475	88	the	the	DET
ftr-421	475	89	existence	existence	NOUN
ftr-421	475	90	of	of	ADP
ftr-421	475	91	the	the	DET
ftr-421	475	92	partnership	partnership	NOUN
ftr-421	475	93	and	and	CCONJ
ftr-421	475	94	to	to	PART
ftr-421	475	95	negate	negate	VERB
ftr-421	475	96	any	any	DET
ftr-421	475	97	entity	entity	NOUN
ftr-421	475	98	discount	discount	NOUN
ftr-421	475	99	previously	previously	ADV
ftr-421	475	100	allowed	allow	VERB
ftr-421	475	101	with	with	ADP
ftr-421	475	102	respect	respect	NOUN
ftr-421	475	103	to	to	ADP
ftr-421	475	104	a	a	DET
ftr-421	475	105	lifetime	lifetime	NOUN
ftr-421	475	106	gift	gift	NOUN
ftr-421	475	107	of	of	ADP
ftr-421	475	108	the	the	DET
ftr-421	475	109	partnership	partnership	NOUN
ftr-421	475	110	assets	asset	NOUN
ftr-421	475	111	.	.	PUNCT
ftr-421	476	1	in	in	ADP
ftr-421	476	2	this	this	DET
ftr-421	476	3	sense	sense	NOUN
ftr-421	476	4	,	,	PUNCT
ftr-421	476	5	section	section	NOUN
ftr-421	476	6	2036	2036	NUM
ftr-421	476	7	may	may	AUX
ftr-421	476	8	be	be	AUX
ftr-421	476	9	viewed	view	VERB
ftr-421	476	10	as	as	ADP
ftr-421	476	11	an	an	DET
ftr-421	476	12	antidote	antidote	NOUN
ftr-421	476	13	to	to	ADP
ftr-421	476	14	the	the	DET
ftr-421	476	15	lenient	lenient	ADJ
ftr-421	476	16	gift	gift	NOUN
ftr-421	476	17	tax	tax	NOUN
ftr-421	476	18	treatment	treatment	NOUN
ftr-421	476	19	of	of	ADP
ftr-421	476	20	family	family	NOUN
ftr-421	476	21	partnerships	partnership	NOUN
ftr-421	476	22	.	.	PUNCT
ftr-421	477	1	the	the	DET
ftr-421	477	2	reach	reach	NOUN
ftr-421	477	3	of	of	ADP
ftr-421	477	4	section	section	NOUN
ftr-421	477	5	2036	2036	NUM
ftr-421	477	6	,	,	PUNCT
ftr-421	477	7	however	however	ADV
ftr-421	477	8	,	,	PUNCT
ftr-421	477	9	is	be	AUX
ftr-421	477	10	limited	limited	ADJ
ftr-421	477	11	.	.	PUNCT
ftr-421	478	1	if	if	SCONJ
ftr-421	478	2	the	the	DET
ftr-421	478	3	transferor	transferor	NOUN
ftr-421	478	4	is	be	AUX
ftr-421	478	5	careful	careful	ADJ
ftr-421	478	6	to	to	PART
ftr-421	478	7	observe	observe	VERB
ftr-421	478	8	the	the	DET
ftr-421	478	9	formalities	formality	NOUN
ftr-421	478	10	of	of	ADP
ftr-421	478	11	partnership	partnership	NOUN
ftr-421	478	12	formation	formation	NOUN
ftr-421	478	13	and	and	CCONJ
ftr-421	478	14	operation	operation	NOUN
ftr-421	478	15	during	during	ADP
ftr-421	478	16	life	life	NOUN
ftr-421	478	17	,	,	PUNCT
ftr-421	478	18	and	and	CCONJ
ftr-421	478	19	is	be	AUX
ftr-421	478	20	willing	willing	ADJ
ftr-421	478	21	to	to	PART
ftr-421	478	22	relinquish	relinquish	VERB
ftr-421	478	23	management	management	NOUN
ftr-421	478	24	and	and	CCONJ
ftr-421	478	25	control	control	NOUN
ftr-421	478	26	to	to	ADP
ftr-421	478	27	other	other	ADJ
ftr-421	478	28	family	family	NOUN
ftr-421	478	29	members	member	NOUN
ftr-421	478	30	,	,	PUNCT
ftr-421	478	31	the	the	DET
ftr-421	478	32	family	family	NOUN
ftr-421	478	33	partnership	partnership	NOUN
ftr-421	478	34	remains	remain	VERB
ftr-421	478	35	viable	viable	ADJ
ftr-421	478	36	as	as	ADP
ftr-421	478	37	a	a	DET
ftr-421	478	38	technique	technique	NOUN
ftr-421	478	39	for	for	ADP
ftr-421	478	40	making	make	VERB
ftr-421	478	41	value	value	NOUN
ftr-421	478	42	disappear	disappear	VERB
ftr-421	478	43	for	for	ADP
ftr-421	478	44	gift	gift	NOUN
ftr-421	478	45	and	and	CCONJ
ftr-421	478	46	estate	estate	NOUN
ftr-421	478	47	tax	tax	NOUN
ftr-421	478	48	purposes	purpose	NOUN
ftr-421	478	49	.	.	PUNCT
ftr-421	479	1	this	this	PRON
ftr-421	479	2	is	be	AUX
ftr-421	479	3	so	so	ADV
ftr-421	479	4	even	even	ADV
ftr-421	479	5	if	if	SCONJ
ftr-421	479	6	after	after	ADP
ftr-421	479	7	the	the	DET
ftr-421	479	8	transferor	transferor	NOUN
ftr-421	479	9	’s	’s	PART
ftr-421	479	10	death	death	NOUN
ftr-421	479	11	the	the	DET
ftr-421	479	12	other	other	ADJ
ftr-421	479	13	partners81	partners81	NOUN
ftr-421	479	14	promptly	promptly	ADV
ftr-421	479	15	liquidate	liquidate	VERB
ftr-421	479	16	the	the	DET
ftr-421	479	17	partnership	partnership	NOUN
ftr-421	479	18	in	in	ADP
ftr-421	479	19	order	order	NOUN
ftr-421	479	20	to	to	PART
ftr-421	479	21	unlock	unlock	VERB
ftr-421	479	22	the	the	DET
ftr-421	479	23	undiscounted	undiscounted	ADJ
ftr-421	479	24	value	value	NOUN
ftr-421	479	25	of	of	ADP
ftr-421	479	26	the	the	DET
ftr-421	479	27	partnership	partnership	NOUN
ftr-421	479	28	assets	asset	NOUN
ftr-421	479	29	.	.	PUNCT
ftr-421	480	1	in	in	ADP
ftr-421	480	2	theory	theory	NOUN
ftr-421	480	3	the	the	DET
ftr-421	480	4	“	"	PUNCT
ftr-421	480	5	back	back	ADJ
ftr-421	480	6	-	-	PUNCT
ftr-421	480	7	end	end	NOUN
ftr-421	480	8	”	"	PUNCT
ftr-421	480	9	approach	approach	NOUN
ftr-421	480	10	of	of	ADP
ftr-421	480	11	section	section	NOUN
ftr-421	480	12	2036	2036	NUM
ftr-421	480	13	could	could	AUX
ftr-421	480	14	be	be	AUX
ftr-421	480	15	expanded	expand	VERB
ftr-421	480	16	to	to	PART
ftr-421	480	17	address	address	VERB
ftr-421	480	18	family	family	NOUN
ftr-421	480	19	partnerships	partnership	NOUN
ftr-421	480	20	more	more	ADV
ftr-421	480	21	comprehensively	comprehensively	ADV
ftr-421	480	22	.	.	PUNCT
ftr-421	481	1	a	a	DET
ftr-421	481	2	more	more	ADV
ftr-421	481	3	flexible	flexible	ADJ
ftr-421	481	4	“	"	PUNCT
ftr-421	481	5	front-82	front-82	ADJ
ftr-421	481	6	end	end	NOUN
ftr-421	481	7	”	"	PUNCT
ftr-421	481	8	approach	approach	NOUN
ftr-421	481	9	,	,	PUNCT
ftr-421	481	10	however	however	ADV
ftr-421	481	11	,	,	PUNCT
ftr-421	481	12	would	would	AUX
ftr-421	481	13	focus	focus	VERB
ftr-421	481	14	on	on	ADP
ftr-421	481	15	gift	gift	NOUN
ftr-421	481	16	tax	tax	NOUN
ftr-421	481	17	valuation	valuation	NOUN
ftr-421	481	18	and	and	CCONJ
ftr-421	481	19	would	would	AUX
ftr-421	481	20	assign	assign	VERB
ftr-421	481	21	a	a	DET
ftr-421	481	22	tentative	tentative	ADJ
ftr-421	481	23	value	value	NOUN
ftr-421	481	24	of	of	ADP
ftr-421	481	25	zero	zero	NUM
ftr-421	481	26	to	to	ADP
ftr-421	481	27	a	a	DET
ftr-421	481	28	partnership	partnership	NOUN
ftr-421	481	29	interest	interest	NOUN
ftr-421	481	30	received	receive	VERB
ftr-421	481	31	in	in	ADP
ftr-421	481	32	exchange	exchange	NOUN
ftr-421	481	33	for	for	ADP
ftr-421	481	34	a	a	DET
ftr-421	481	35	contribution	contribution	NOUN
ftr-421	481	36	to	to	ADP
ftr-421	481	37	a	a	DET
ftr-421	481	38	family	family	NOUN
ftr-421	481	39	limited	limited	ADJ
ftr-421	481	40	partnership	partnership	NOUN
ftr-421	481	41	.	.	PUNCT
ftr-421	482	1	this	this	DET
ftr-421	482	2	approach	approach	NOUN
ftr-421	482	3	,	,	PUNCT
ftr-421	482	4	which	which	PRON
ftr-421	482	5	draws	draw	VERB
ftr-421	482	6	on	on	ADP
ftr-421	482	7	the	the	DET
ftr-421	482	8	present	present	ADJ
ftr-421	482	9	law	law	NOUN
ftr-421	482	10	treatment	treatment	NOUN
ftr-421	482	11	of	of	ADP
ftr-421	482	12	hard	hard	ADJ
ftr-421	482	13	-	-	PUNCT
ftr-421	482	14	to	to	ADP
ftr-421	482	15	-	-	PUNCT
ftr-421	482	16	value	value	NOUN
ftr-421	482	17	partial	partial	ADJ
ftr-421	482	18	interest	interest	NOUN
ftr-421	482	19	transfers	transfer	NOUN
ftr-421	482	20	and	and	CCONJ
ftr-421	482	21	resembles	resemble	VERB
ftr-421	482	22	the	the	DET
ftr-421	482	23	zero	zero	NUM
ftr-421	482	24	-	-	PUNCT
ftr-421	482	25	value	value	NOUN
ftr-421	482	26	rule	rule	NOUN
ftr-421	482	27	of	of	ADP
ftr-421	482	28	section	section	NOUN
ftr-421	482	29	2701	2701	NUM
ftr-421	482	30	,	,	PUNCT
ftr-421	482	31	has	have	VERB
ftr-421	482	32	the	the	DET
ftr-421	482	33	advantage	advantage	NOUN
ftr-421	482	34	of	of	ADP
ftr-421	482	35	fitting	fit	VERB
ftr-421	482	36	in	in	ADP
ftr-421	482	37	rather	rather	ADV
ftr-421	482	38	easily	easily	ADV
ftr-421	482	39	with	with	ADP
ftr-421	482	40	traditional	traditional	ADJ
ftr-421	482	41	gift	gift	NOUN
ftr-421	482	42	tax	tax	NOUN
ftr-421	482	43	principles	principle	NOUN
ftr-421	482	44	.	.	PUNCT
ftr-421	483	1	under	under	ADP
ftr-421	483	2	the	the	DET
ftr-421	483	3	proposed	propose	VERB
ftr-421	483	4	approach	approach	NOUN
ftr-421	483	5	,	,	PUNCT
ftr-421	483	6	a83	a83	NOUN
ftr-421	483	7	contributing	contribute	VERB
ftr-421	483	8	partner	partner	NOUN
ftr-421	483	9	would	would	AUX
ftr-421	483	10	be	be	AUX
ftr-421	483	11	free	free	ADJ
ftr-421	483	12	to	to	PART
ftr-421	483	13	overcome	overcome	VERB
ftr-421	483	14	the	the	DET
ftr-421	483	15	zero	zero	NUM
ftr-421	483	16	-	-	PUNCT
ftr-421	483	17	value	value	NOUN
ftr-421	483	18	rule	rule	NOUN
ftr-421	483	19	by	by	ADP
ftr-421	483	20	showing	show	VERB
ftr-421	483	21	that	that	SCONJ
ftr-421	483	22	his	his	PRON
ftr-421	483	23	or	or	CCONJ
ftr-421	483	24	her	her	PRON
ftr-421	483	25	partnership	partnership	NOUN
ftr-421	483	26	interest	interest	NOUN
ftr-421	483	27	had	have	VERB
ftr-421	483	28	a	a	DET
ftr-421	483	29	positive	positive	ADJ
ftr-421	483	30	fair	fair	ADJ
ftr-421	483	31	market	market	NOUN
ftr-421	483	32	value	value	NOUN
ftr-421	483	33	.	.	PUNCT
ftr-421	484	1	to	to	PART
ftr-421	484	2	provide	provide	VERB
ftr-421	484	3	maximum	maximum	ADJ
ftr-421	484	4	flexibility	flexibility	NOUN
ftr-421	484	5	,	,	PUNCT
ftr-421	484	6	the	the	DET
ftr-421	484	7	partner	partner	NOUN
ftr-421	484	8	could	could	AUX
ftr-421	484	9	even	even	ADV
ftr-421	484	10	be	be	AUX
ftr-421	484	11	allowed	allow	VERB
ftr-421	484	12	to	to	PART
ftr-421	484	13	elect	elect	VERB
ftr-421	484	14	a	a	DET
ftr-421	484	15	special	special	ADJ
ftr-421	484	16	value	value	NOUN
ftr-421	484	17	for	for	ADP
ftr-421	484	18	the	the	DET
ftr-421	484	19	partnership	partnership	NOUN
ftr-421	484	20	interest	interest	NOUN
ftr-421	484	21	anywhere	anywhere	ADV
ftr-421	484	22	in	in	ADP
ftr-421	484	23	the	the	DET
ftr-421	484	24	range	range	NOUN
ftr-421	484	25	from	from	ADP
ftr-421	484	26	zero	zero	NUM
ftr-421	484	27	to	to	ADP
ftr-421	484	28	the	the	DET
ftr-421	484	29	value	value	NOUN
ftr-421	484	30	of	of	ADP
ftr-421	484	31	the	the	DET
ftr-421	484	32	contributed	contribute	VERB
ftr-421	484	33	assets	asset	NOUN
ftr-421	484	34	.	.	PUNCT
ftr-421	485	1	any	any	DET
ftr-421	485	2	difference	difference	NOUN
ftr-421	485	3	between	between	ADP
ftr-421	485	4	the	the	DET
ftr-421	485	5	value	value	NOUN
ftr-421	485	6	of	of	ADP
ftr-421	485	7	the	the	DET
ftr-421	485	8	contributed	contribute	VERB
ftr-421	485	9	assets	asset	NOUN
ftr-421	485	10	and	and	CCONJ
ftr-421	485	11	the	the	DET
ftr-421	485	12	special	special	ADJ
ftr-421	485	13	value	value	NOUN
ftr-421	485	14	of	of	ADP
ftr-421	485	15	the	the	DET
ftr-421	485	16	retained	retain	VERB
ftr-421	485	17	partnership	partnership	NOUN
ftr-421	485	18	interest	interest	NOUN
ftr-421	485	19	would	would	AUX
ftr-421	485	20	be	be	AUX
ftr-421	485	21	treated	treat	VERB
ftr-421	485	22	as	as	ADP
ftr-421	485	23	a	a	DET
ftr-421	485	24	transfer	transfer	NOUN
ftr-421	485	25	for	for	ADP
ftr-421	485	26	gift	gift	NOUN
ftr-421	485	27	tax	tax	NOUN
ftr-421	485	28	purposes	purpose	NOUN
ftr-421	485	29	.	.	PUNCT
ftr-421	486	1	moreover	moreover	ADV
ftr-421	486	2	,	,	PUNCT
ftr-421	486	3	the	the	DET
ftr-421	486	4	partner	partner	NOUN
ftr-421	486	5	would	would	AUX
ftr-421	486	6	be	be	AUX
ftr-421	486	7	required	require	VERB
ftr-421	486	8	to	to	PART
ftr-421	486	9	report	report	VERB
ftr-421	486	10	any	any	DET
ftr-421	486	11	subsequent	subsequent	ADJ
ftr-421	486	12	transfer	transfer	NOUN
ftr-421	486	13	of	of	ADP
ftr-421	486	14	the	the	DET
ftr-421	486	15	retained	retain	VERB
ftr-421	486	16	partnership	partnership	NOUN
ftr-421	486	17	interest	interest	NOUN
ftr-421	486	18	,	,	PUNCT
ftr-421	486	19	during	during	ADP
ftr-421	486	20	life	life	NOUN
ftr-421	486	21	or	or	CCONJ
ftr-421	486	22	at	at	ADP
ftr-421	486	23	374	374	NUM
ftr-421	486	24	,	,	PUNCT
ftr-421	486	25	t.c	t.c	PROPN
ftr-421	486	26	.	.	PROPN
ftr-421	486	27	memo	memo	NOUN
ftr-421	486	28	(	(	PUNCT
ftr-421	486	29	ria	ria	PROPN
ftr-421	486	30	)	)	PUNCT
ftr-421	486	31	2002	2002	NUM
ftr-421	486	32	-	-	SYM
ftr-421	486	33	246	246	NUM
ftr-421	486	34	(	(	PUNCT
ftr-421	486	35	2002	2002	NUM
ftr-421	486	36	)	)	PUNCT
ftr-421	486	37	;	;	PUNCT
ftr-421	486	38	estate	estate	NOUN
ftr-421	486	39	of	of	ADP
ftr-421	486	40	strangi	strangi	PROPN
ftr-421	486	41	v.	v.	PROPN
ftr-421	486	42	commissioner	commissioner	PROPN
ftr-421	486	43	,	,	PUNCT
ftr-421	486	44	85	85	NUM
ftr-421	486	45	t.c	t.c	PROPN
ftr-421	486	46	.	.	PROPN
ftr-421	486	47	memo	memo	NOUN
ftr-421	486	48	(	(	PUNCT
ftr-421	486	49	cch	cch	PROPN
ftr-421	486	50	)	)	PUNCT
ftr-421	486	51	1331	1331	NUM
ftr-421	486	52	,	,	PUNCT
ftr-421	486	53	t.c	t.c	PROPN
ftr-421	486	54	.	.	PROPN
ftr-421	486	55	memo	memo	NOUN
ftr-421	486	56	(	(	PUNCT
ftr-421	486	57	ria	ria	PROPN
ftr-421	486	58	)	)	PUNCT
ftr-421	486	59	2003	2003	NUM
ftr-421	486	60	-	-	SYM
ftr-421	486	61	145	145	NUM
ftr-421	486	62	(	(	PUNCT
ftr-421	486	63	2003	2003	NUM
ftr-421	486	64	)	)	PUNCT
ftr-421	486	65	.	.	PUNCT
ftr-421	487	1	for	for	ADP
ftr-421	487	2	critical	critical	ADJ
ftr-421	487	3	commentary	commentary	NOUN
ftr-421	487	4	on	on	ADP
ftr-421	487	5	the	the	DET
ftr-421	487	6	strangi	strangi	PROPN
ftr-421	487	7	decision	decision	NOUN
ftr-421	487	8	,	,	PUNCT
ftr-421	487	9	see	see	VERB
ftr-421	487	10	mitchell	mitchell	PROPN
ftr-421	487	11	m.	m.	PROPN
ftr-421	487	12	gans	gans	PROPN
ftr-421	487	13	&	&	CCONJ
ftr-421	487	14	jonathan	jonathan	PROPN
ftr-421	487	15	g.	g.	PROPN
ftr-421	487	16	blattmachr	blattmachr	PROPN
ftr-421	487	17	,	,	PUNCT
ftr-421	487	18	strangi	strangi	PROPN
ftr-421	487	19	:	:	PUNCT
ftr-421	487	20	a	a	DET
ftr-421	487	21	critical	critical	ADJ
ftr-421	487	22	analysis	analysis	NOUN
ftr-421	487	23	and	and	CCONJ
ftr-421	487	24	planning	planning	NOUN
ftr-421	487	25	suggestions	suggestion	NOUN
ftr-421	487	26	,	,	PUNCT
ftr-421	487	27	100	100	NUM
ftr-421	487	28	tax	tax	NOUN
ftr-421	487	29	notes	note	NOUN
ftr-421	487	30	1153	1153	NUM
ftr-421	487	31	(	(	PUNCT
ftr-421	487	32	sept	sept	PROPN
ftr-421	487	33	.	.	PROPN
ftr-421	487	34	1	1	NUM
ftr-421	487	35	,	,	PUNCT
ftr-421	487	36	2003	2003	NUM
ftr-421	487	37	)	)	PUNCT
ftr-421	487	38	;	;	PUNCT
ftr-421	487	39	louis	louis	PROPN
ftr-421	487	40	a.	a.	NOUN
ftr-421	487	41	mezzullo	mezzullo	PROPN
ftr-421	487	42	,	,	PUNCT
ftr-421	487	43	is	be	AUX
ftr-421	487	44	strangi	strangi	VERB
ftr-421	487	45	a	a	DET
ftr-421	487	46	strange	strange	ADJ
ftr-421	487	47	result	result	NOUN
ftr-421	487	48	or	or	CCONJ
ftr-421	487	49	a	a	DET
ftr-421	487	50	blueprint	blueprint	NOUN
ftr-421	487	51	for	for	ADP
ftr-421	487	52	future	future	ADJ
ftr-421	487	53	irs	irs	PROPN
ftr-421	487	54	successes	success	NOUN
ftr-421	487	55	against	against	ADP
ftr-421	487	56	flps	flp	NOUN
ftr-421	487	57	?	?	PUNCT
ftr-421	487	58	,	,	PUNCT
ftr-421	487	59	99	99	NUM
ftr-421	487	60	j.	j.	PROPN
ftr-421	487	61	tax’n	tax’n	PROPN
ftr-421	487	62	45	45	NUM
ftr-421	487	63	(	(	PUNCT
ftr-421	487	64	july	july	PROPN
ftr-421	487	65	2003	2003	NUM
ftr-421	487	66	)	)	PUNCT
ftr-421	487	67	.	.	PUNCT
ftr-421	488	1	81	81	NUM
ftr-421	488	2	.	.	PUNCT
ftr-421	489	1	see	see	VERB
ftr-421	489	2	,	,	PUNCT
ftr-421	489	3	e.g.	e.g.	ADV
ftr-421	489	4	,	,	PUNCT
ftr-421	489	5	estate	estate	NOUN
ftr-421	489	6	of	of	ADP
ftr-421	489	7	stone	stone	NOUN
ftr-421	489	8	v.	v.	ADP
ftr-421	489	9	commissioner	commissioner	NOUN
ftr-421	489	10	,	,	PUNCT
ftr-421	489	11	86	86	NUM
ftr-421	489	12	t.c	t.c	PROPN
ftr-421	489	13	.	.	PROPN
ftr-421	489	14	memo	memo	NOUN
ftr-421	489	15	(	(	PUNCT
ftr-421	489	16	cch	cch	PROPN
ftr-421	489	17	)	)	PUNCT
ftr-421	489	18	551	551	NUM
ftr-421	489	19	,	,	PUNCT
ftr-421	489	20	t.c	t.c	PROPN
ftr-421	489	21	.	.	PROPN
ftr-421	489	22	memo	memo	NOUN
ftr-421	489	23	(	(	PUNCT
ftr-421	489	24	ria	ria	PROPN
ftr-421	489	25	)	)	PUNCT
ftr-421	489	26	2003	2003	NUM
ftr-421	489	27	-	-	SYM
ftr-421	489	28	309	309	NUM
ftr-421	489	29	(	(	PUNCT
ftr-421	489	30	2003	2003	NUM
ftr-421	489	31	)	)	PUNCT
ftr-421	489	32	.	.	PUNCT
ftr-421	490	1	82	82	NUM
ftr-421	490	2	.	.	PUNCT
ftr-421	491	1	under	under	ADP
ftr-421	491	2	former	former	ADJ
ftr-421	491	3	§	§	PROPN
ftr-421	491	4	2036(c	2036(c	NUM
ftr-421	491	5	)	)	PUNCT
ftr-421	491	6	,	,	PUNCT
ftr-421	491	7	enacted	enact	VERB
ftr-421	491	8	in	in	ADP
ftr-421	491	9	1987	1987	NUM
ftr-421	491	10	and	and	CCONJ
ftr-421	491	11	amended	amend	VERB
ftr-421	491	12	in	in	ADP
ftr-421	491	13	1988	1988	NUM
ftr-421	491	14	,	,	PUNCT
ftr-421	491	15	if	if	SCONJ
ftr-421	491	16	a	a	DET
ftr-421	491	17	person	person	NOUN
ftr-421	491	18	held	hold	VERB
ftr-421	491	19	a	a	DET
ftr-421	491	20	substantial	substantial	ADJ
ftr-421	491	21	interest	interest	NOUN
ftr-421	491	22	in	in	ADP
ftr-421	491	23	an	an	DET
ftr-421	491	24	enterprise	enterprise	NOUN
ftr-421	491	25	and	and	CCONJ
ftr-421	491	26	transferred	transfer	VERB
ftr-421	491	27	property	property	NOUN
ftr-421	491	28	having	have	VERB
ftr-421	491	29	a	a	DET
ftr-421	491	30	disproportionately	disproportionately	ADV
ftr-421	491	31	large	large	ADJ
ftr-421	491	32	share	share	NOUN
ftr-421	491	33	of	of	ADP
ftr-421	491	34	the	the	DET
ftr-421	491	35	potential	potential	ADJ
ftr-421	491	36	appreciation	appreciation	NOUN
ftr-421	491	37	in	in	ADP
ftr-421	491	38	the	the	DET
ftr-421	491	39	interest	interest	NOUN
ftr-421	491	40	while	while	SCONJ
ftr-421	491	41	retaining	retain	VERB
ftr-421	491	42	an	an	DET
ftr-421	491	43	interest	interest	NOUN
ftr-421	491	44	in	in	ADP
ftr-421	491	45	the	the	DET
ftr-421	491	46	income	income	NOUN
ftr-421	491	47	of	of	ADP
ftr-421	491	48	,	,	PUNCT
ftr-421	491	49	or	or	CCONJ
ftr-421	491	50	rights	right	NOUN
ftr-421	491	51	in	in	ADP
ftr-421	491	52	,	,	PUNCT
ftr-421	491	53	the	the	DET
ftr-421	491	54	enterprise	enterprise	NOUN
ftr-421	491	55	,	,	PUNCT
ftr-421	491	56	the	the	DET
ftr-421	491	57	transferred	transfer	VERB
ftr-421	491	58	property	property	NOUN
ftr-421	491	59	would	would	AUX
ftr-421	491	60	be	be	AUX
ftr-421	491	61	drawn	draw	VERB
ftr-421	491	62	back	back	ADV
ftr-421	491	63	into	into	ADP
ftr-421	491	64	the	the	DET
ftr-421	491	65	gross	gross	ADJ
ftr-421	491	66	estate	estate	NOUN
ftr-421	491	67	under	under	ADP
ftr-421	491	68	§	§	PROPN
ftr-421	491	69	2036(a)(1	2036(a)(1	NUM
ftr-421	491	70	)	)	PUNCT
ftr-421	491	71	.	.	PUNCT
ftr-421	492	1	this	this	DET
ftr-421	492	2	provision	provision	NOUN
ftr-421	492	3	drew	draw	VERB
ftr-421	492	4	fierce	fierce	ADJ
ftr-421	492	5	criticism	criticism	NOUN
ftr-421	492	6	from	from	ADP
ftr-421	492	7	the	the	DET
ftr-421	492	8	tax	tax	NOUN
ftr-421	492	9	bar	bar	NOUN
ftr-421	492	10	and	and	CCONJ
ftr-421	492	11	organized	organize	VERB
ftr-421	492	12	interest	interest	NOUN
ftr-421	492	13	groups	group	NOUN
ftr-421	492	14	,	,	PUNCT
ftr-421	492	15	and	and	CCONJ
ftr-421	492	16	was	be	AUX
ftr-421	492	17	eventually	eventually	ADV
ftr-421	492	18	repealed	repeal	VERB
ftr-421	492	19	in	in	ADP
ftr-421	492	20	1990	1990	NUM
ftr-421	492	21	concurrently	concurrently	ADV
ftr-421	492	22	with	with	ADP
ftr-421	492	23	the	the	DET
ftr-421	492	24	enactment	enactment	NOUN
ftr-421	492	25	of	of	ADP
ftr-421	492	26	§	§	PROPN
ftr-421	492	27	§	§	PROPN
ftr-421	492	28	2701	2701	NUM
ftr-421	492	29	through	through	ADP
ftr-421	492	30	2704	2704	NUM
ftr-421	492	31	.	.	PUNCT
ftr-421	493	1	83	83	NUM
ftr-421	493	2	.	.	PUNCT
ftr-421	494	1	see	see	VERB
ftr-421	494	2	robinette	robinette	PROPN
ftr-421	494	3	v.	v.	ADP
ftr-421	494	4	helvering	helvering	PROPN
ftr-421	494	5	,	,	PUNCT
ftr-421	494	6	318	318	NUM
ftr-421	494	7	u.s	u.s	PROPN
ftr-421	494	8	.	.	PROPN
ftr-421	494	9	184	184	NUM
ftr-421	494	10	(	(	PUNCT
ftr-421	494	11	1943	1943	NUM
ftr-421	494	12	)	)	PUNCT
ftr-421	494	13	;	;	PUNCT
ftr-421	495	1	regs	reg	NOUN
ftr-421	495	2	.	.	PUNCT
ftr-421	496	1	§	§	PROPN
ftr-421	496	2	25.2511	25.2511	NUM
ftr-421	496	3	-	-	SYM
ftr-421	496	4	1(e	1(e	NUM
ftr-421	496	5	)	)	PUNCT
ftr-421	496	6	.	.	PUNCT
ftr-421	497	1	cf	cf	X
ftr-421	497	2	.	.	PUNCT
ftr-421	498	1	irc	irc	PROPN
ftr-421	498	2	§	§	PROPN
ftr-421	498	3	2701(a)(3)(a	2701(a)(3)(a	NUM
ftr-421	498	4	)	)	PUNCT
ftr-421	498	5	(	(	PUNCT
ftr-421	498	6	zero	zero	NUM
ftr-421	498	7	-	-	PUNCT
ftr-421	498	8	value	value	NOUN
ftr-421	498	9	rule	rule	NOUN
ftr-421	498	10	)	)	PUNCT
ftr-421	498	11	.	.	PUNCT
ftr-421	499	1	670	670	NUM
ftr-421	499	2	florida	florida	PROPN
ftr-421	499	3	tax	tax	NOUN
ftr-421	499	4	review	review	NOUN
ftr-421	499	5	[	[	X
ftr-421	499	6	vol.6:6	vol.6:6	X
ftr-421	499	7	death	death	NOUN
ftr-421	499	8	,	,	PUNCT
ftr-421	499	9	using	use	VERB
ftr-421	499	10	a	a	DET
ftr-421	499	11	consistent	consistent	ADJ
ftr-421	499	12	valuation	valuation	NOUN
ftr-421	499	13	assumption	assumption	NOUN
ftr-421	499	14	.	.	PUNCT
ftr-421	500	1	the	the	DET
ftr-421	500	2	valuation	valuation	NOUN
ftr-421	500	3	adjustment	adjustment	NOUN
ftr-421	500	4	in84	in84	PROPN
ftr-421	500	5	the	the	DET
ftr-421	500	6	subsequent	subsequent	ADJ
ftr-421	500	7	transfer	transfer	NOUN
ftr-421	500	8	would	would	AUX
ftr-421	500	9	ensure	ensure	VERB
ftr-421	500	10	that	that	SCONJ
ftr-421	500	11	any	any	DET
ftr-421	500	12	portion	portion	NOUN
ftr-421	500	13	of	of	ADP
ftr-421	500	14	the	the	DET
ftr-421	500	15	value	value	NOUN
ftr-421	500	16	of	of	ADP
ftr-421	500	17	the	the	DET
ftr-421	500	18	contributed	contribute	VERB
ftr-421	500	19	assets	asset	NOUN
ftr-421	500	20	that	that	PRON
ftr-421	500	21	escaped	escape	VERB
ftr-421	500	22	gift	gift	NOUN
ftr-421	500	23	tax	tax	NOUN
ftr-421	500	24	in	in	ADP
ftr-421	500	25	the	the	DET
ftr-421	500	26	initial	initial	ADJ
ftr-421	500	27	transfer	transfer	NOUN
ftr-421	500	28	would	would	AUX
ftr-421	500	29	ultimately	ultimately	ADV
ftr-421	500	30	be	be	AUX
ftr-421	500	31	included	include	VERB
ftr-421	500	32	in	in	ADP
ftr-421	500	33	the	the	DET
ftr-421	500	34	partner	partner	NOUN
ftr-421	500	35	’s	’s	PART
ftr-421	500	36	gift	gift	NOUN
ftr-421	500	37	or	or	CCONJ
ftr-421	500	38	estate	estate	NOUN
ftr-421	500	39	tax	tax	NOUN
ftr-421	500	40	base	base	NOUN
ftr-421	500	41	,	,	PUNCT
ftr-421	500	42	and	and	CCONJ
ftr-421	500	43	would	would	AUX
ftr-421	500	44	also	also	ADV
ftr-421	500	45	avoid	avoid	VERB
ftr-421	500	46	double	double	ADJ
ftr-421	500	47	taxation	taxation	NOUN
ftr-421	500	48	of	of	ADP
ftr-421	500	49	any	any	DET
ftr-421	500	50	portion	portion	NOUN
ftr-421	500	51	previously	previously	ADV
ftr-421	500	52	included	include	VERB
ftr-421	500	53	at	at	ADP
ftr-421	500	54	the	the	DET
ftr-421	500	55	time	time	NOUN
ftr-421	500	56	of	of	ADP
ftr-421	500	57	the	the	DET
ftr-421	500	58	initial	initial	ADJ
ftr-421	500	59	transfer	transfer	NOUN
ftr-421	500	60	,	,	PUNCT
ftr-421	500	61	by	by	ADP
ftr-421	500	62	analogy	analogy	NOUN
ftr-421	500	63	to	to	ADP
ftr-421	500	64	principles	principle	NOUN
ftr-421	500	65	of	of	ADP
ftr-421	500	66	existing	exist	VERB
ftr-421	500	67	law.85	law.85	NOUN
ftr-421	500	68	to	to	PART
ftr-421	500	69	illustrate	illustrate	VERB
ftr-421	500	70	the	the	DET
ftr-421	500	71	proposed	propose	VERB
ftr-421	500	72	front	front	ADJ
ftr-421	500	73	-	-	PUNCT
ftr-421	500	74	end	end	NOUN
ftr-421	500	75	approach	approach	NOUN
ftr-421	500	76	,	,	PUNCT
ftr-421	500	77	assume	assume	VERB
ftr-421	500	78	that	that	SCONJ
ftr-421	500	79	parent	parent	NOUN
ftr-421	500	80	contributes	contribute	VERB
ftr-421	500	81	$	$	SYM
ftr-421	500	82	99	99	NUM
ftr-421	500	83	to	to	ADP
ftr-421	500	84	a	a	DET
ftr-421	500	85	newly	newly	ADV
ftr-421	500	86	formed	form	VERB
ftr-421	500	87	partnership	partnership	NOUN
ftr-421	500	88	in	in	ADP
ftr-421	500	89	exchange	exchange	NOUN
ftr-421	500	90	for	for	ADP
ftr-421	500	91	a	a	DET
ftr-421	500	92	99	99	NUM
ftr-421	500	93	%	%	NOUN
ftr-421	500	94	limited	limited	ADJ
ftr-421	500	95	partnership	partnership	NOUN
ftr-421	500	96	interest	interest	NOUN
ftr-421	500	97	;	;	PUNCT
ftr-421	500	98	child	child	NOUN
ftr-421	500	99	contributes	contribute	VERB
ftr-421	500	100	$	$	SYM
ftr-421	500	101	1	1	NUM
ftr-421	500	102	in	in	ADP
ftr-421	500	103	exchange	exchange	NOUN
ftr-421	500	104	for	for	ADP
ftr-421	500	105	a	a	DET
ftr-421	500	106	1	1	NUM
ftr-421	500	107	%	%	NOUN
ftr-421	500	108	general	general	ADJ
ftr-421	500	109	partnership	partnership	NOUN
ftr-421	500	110	interest	interest	NOUN
ftr-421	500	111	.	.	PUNCT
ftr-421	501	1	parent	parent	NOUN
ftr-421	501	2	would	would	AUX
ftr-421	501	3	be	be	AUX
ftr-421	501	4	treated	treat	VERB
ftr-421	501	5	as	as	ADP
ftr-421	501	6	making	make	VERB
ftr-421	501	7	a	a	DET
ftr-421	501	8	gift	gift	NOUN
ftr-421	501	9	of	of	ADP
ftr-421	501	10	$	$	SYM
ftr-421	501	11	99	99	NUM
ftr-421	501	12	unless	unless	SCONJ
ftr-421	501	13	she	she	PRON
ftr-421	501	14	either	either	CCONJ
ftr-421	501	15	proved	prove	VERB
ftr-421	501	16	that	that	SCONJ
ftr-421	501	17	her	her	PRON
ftr-421	501	18	limited	limited	ADJ
ftr-421	501	19	partnership	partnership	NOUN
ftr-421	501	20	interest	interest	NOUN
ftr-421	501	21	had	have	VERB
ftr-421	501	22	a	a	DET
ftr-421	501	23	positive	positive	ADJ
ftr-421	501	24	fair	fair	ADJ
ftr-421	501	25	market	market	NOUN
ftr-421	501	26	value	value	NOUN
ftr-421	501	27	or	or	CCONJ
ftr-421	501	28	elected	elect	VERB
ftr-421	501	29	to	to	PART
ftr-421	501	30	assign	assign	VERB
ftr-421	501	31	a	a	DET
ftr-421	501	32	special	special	ADJ
ftr-421	501	33	value	value	NOUN
ftr-421	501	34	(	(	PUNCT
ftr-421	501	35	between	between	ADP
ftr-421	501	36	zero	zero	NUM
ftr-421	501	37	and	and	CCONJ
ftr-421	501	38	$	$	SYM
ftr-421	501	39	99	99	NUM
ftr-421	501	40	)	)	PUNCT
ftr-421	501	41	to	to	ADP
ftr-421	501	42	her	her	PRON
ftr-421	501	43	interest	interest	NOUN
ftr-421	501	44	.	.	PUNCT
ftr-421	502	1	if	if	SCONJ
ftr-421	502	2	the	the	DET
ftr-421	502	3	zero	zero	NUM
ftr-421	502	4	-	-	PUNCT
ftr-421	502	5	value	value	NOUN
ftr-421	502	6	rule	rule	NOUN
ftr-421	502	7	applied	apply	VERB
ftr-421	502	8	,	,	PUNCT
ftr-421	502	9	parent	parent	NOUN
ftr-421	502	10	would	would	AUX
ftr-421	502	11	be	be	AUX
ftr-421	502	12	treated	treat	VERB
ftr-421	502	13	as	as	ADP
ftr-421	502	14	making	make	VERB
ftr-421	502	15	a	a	DET
ftr-421	502	16	gift	gift	NOUN
ftr-421	502	17	of	of	ADP
ftr-421	502	18	$	$	SYM
ftr-421	502	19	99	99	NUM
ftr-421	502	20	,	,	PUNCT
ftr-421	502	21	but	but	CCONJ
ftr-421	502	22	on	on	ADP
ftr-421	502	23	a	a	DET
ftr-421	502	24	subsequent	subsequent	ADJ
ftr-421	502	25	transfer	transfer	NOUN
ftr-421	502	26	her	her	PRON
ftr-421	502	27	interest	interest	NOUN
ftr-421	502	28	would	would	AUX
ftr-421	502	29	be	be	AUX
ftr-421	502	30	deemed	deem	VERB
ftr-421	502	31	to	to	PART
ftr-421	502	32	be	be	AUX
ftr-421	502	33	worthless	worthless	ADJ
ftr-421	502	34	,	,	PUNCT
ftr-421	502	35	consistent	consistent	ADJ
ftr-421	502	36	with	with	ADP
ftr-421	502	37	the	the	DET
ftr-421	502	38	valuation	valuation	NOUN
ftr-421	502	39	assumption	assumption	NOUN
ftr-421	502	40	in	in	ADP
ftr-421	502	41	the	the	DET
ftr-421	502	42	initial	initial	ADJ
ftr-421	502	43	transfer	transfer	NOUN
ftr-421	502	44	.	.	PUNCT
ftr-421	503	1	alternatively	alternatively	ADV
ftr-421	503	2	,	,	PUNCT
ftr-421	503	3	if	if	SCONJ
ftr-421	503	4	parent	parent	NOUN
ftr-421	503	5	claimed	claim	VERB
ftr-421	503	6	a	a	DET
ftr-421	503	7	one	one	NUM
ftr-421	503	8	-	-	PUNCT
ftr-421	503	9	third	third	NOUN
ftr-421	503	10	discount	discount	NOUN
ftr-421	503	11	(	(	PUNCT
ftr-421	503	12	for	for	ADP
ftr-421	503	13	lack	lack	NOUN
ftr-421	503	14	of	of	ADP
ftr-421	503	15	control	control	NOUN
ftr-421	503	16	and	and	CCONJ
ftr-421	503	17	marketability	marketability	NOUN
ftr-421	503	18	)	)	PUNCT
ftr-421	503	19	and	and	CCONJ
ftr-421	503	20	established	establish	VERB
ftr-421	503	21	a	a	DET
ftr-421	503	22	fair	fair	ADJ
ftr-421	503	23	market	market	NOUN
ftr-421	503	24	value	value	NOUN
ftr-421	503	25	of	of	ADP
ftr-421	503	26	$	$	SYM
ftr-421	503	27	66	66	NUM
ftr-421	503	28	,	,	PUNCT
ftr-421	503	29	on	on	ADP
ftr-421	503	30	a	a	DET
ftr-421	503	31	subsequent	subsequent	ADJ
ftr-421	503	32	transfer	transfer	NOUN
ftr-421	503	33	the	the	DET
ftr-421	503	34	value	value	NOUN
ftr-421	503	35	of	of	ADP
ftr-421	503	36	her	her	PRON
ftr-421	503	37	interest	interest	NOUN
ftr-421	503	38	would	would	AUX
ftr-421	503	39	be	be	AUX
ftr-421	503	40	deemed	deem	VERB
ftr-421	503	41	to	to	PART
ftr-421	503	42	be	be	AUX
ftr-421	503	43	equal	equal	ADJ
ftr-421	503	44	to	to	ADP
ftr-421	503	45	two	two	NUM
ftr-421	503	46	-	-	PUNCT
ftr-421	503	47	thirds	third	NOUN
ftr-421	503	48	of	of	ADP
ftr-421	503	49	its	its	PRON
ftr-421	503	50	liquidation	liquidation	NOUN
ftr-421	503	51	value	value	NOUN
ftr-421	503	52	(	(	PUNCT
ftr-421	503	53	i.e.	i.e.	X
ftr-421	503	54	,	,	PUNCT
ftr-421	503	55	the	the	DET
ftr-421	503	56	value	value	NOUN
ftr-421	503	57	of	of	ADP
ftr-421	503	58	the	the	DET
ftr-421	503	59	partnership	partnership	NOUN
ftr-421	503	60	assets	asset	NOUN
ftr-421	503	61	that	that	PRON
ftr-421	503	62	would	would	AUX
ftr-421	503	63	be	be	AUX
ftr-421	503	64	distributed	distribute	VERB
ftr-421	503	65	to	to	ADP
ftr-421	503	66	her	she	PRON
ftr-421	503	67	in	in	ADP
ftr-421	503	68	a	a	DET
ftr-421	503	69	hypothetical	hypothetical	ADJ
ftr-421	503	70	liquidation	liquidation	NOUN
ftr-421	503	71	of	of	ADP
ftr-421	503	72	her	her	PRON
ftr-421	503	73	interest	interest	NOUN
ftr-421	503	74	)	)	PUNCT
ftr-421	503	75	.	.	PUNCT
ftr-421	504	1	if	if	SCONJ
ftr-421	504	2	she	she	PRON
ftr-421	504	3	elected	elect	VERB
ftr-421	504	4	a	a	DET
ftr-421	504	5	special	special	ADJ
ftr-421	504	6	value	value	NOUN
ftr-421	504	7	of	of	ADP
ftr-421	504	8	$	$	SYM
ftr-421	504	9	99	99	NUM
ftr-421	504	10	,	,	PUNCT
ftr-421	504	11	there	there	PRON
ftr-421	504	12	would	would	AUX
ftr-421	504	13	be	be	AUX
ftr-421	504	14	no	no	DET
ftr-421	504	15	gift	gift	NOUN
ftr-421	504	16	upon	upon	SCONJ
ftr-421	504	17	formation	formation	NOUN
ftr-421	504	18	of	of	ADP
ftr-421	504	19	the	the	DET
ftr-421	504	20	partnership	partnership	NOUN
ftr-421	504	21	,	,	PUNCT
ftr-421	504	22	and	and	CCONJ
ftr-421	504	23	on	on	ADP
ftr-421	504	24	a	a	DET
ftr-421	504	25	subsequent	subsequent	ADJ
ftr-421	504	26	transfer	transfer	NOUN
ftr-421	504	27	the	the	DET
ftr-421	504	28	full	full	ADJ
ftr-421	504	29	liquidation	liquidation	NOUN
ftr-421	504	30	value	value	NOUN
ftr-421	504	31	of	of	ADP
ftr-421	504	32	her	her	PRON
ftr-421	504	33	interest	interest	NOUN
ftr-421	504	34	would	would	AUX
ftr-421	504	35	be	be	AUX
ftr-421	504	36	subject	subject	ADJ
ftr-421	504	37	to	to	ADP
ftr-421	504	38	gift	gift	NOUN
ftr-421	504	39	or	or	CCONJ
ftr-421	504	40	estate	estate	NOUN
ftr-421	504	41	tax	tax	NOUN
ftr-421	504	42	.	.	PUNCT
ftr-421	505	1	v.	v.	ADP
ftr-421	505	2	conclusion	conclusion	NOUN
ftr-421	505	3	the	the	DET
ftr-421	505	4	basic	basic	ADJ
ftr-421	505	5	family	family	NOUN
ftr-421	505	6	partnership	partnership	NOUN
ftr-421	505	7	transaction	transaction	NOUN
ftr-421	505	8	involves	involve	VERB
ftr-421	505	9	nothing	nothing	PRON
ftr-421	505	10	more	more	ADV
ftr-421	505	11	complicated	complicated	ADJ
ftr-421	505	12	than	than	ADP
ftr-421	505	13	a	a	DET
ftr-421	505	14	parent	parent	NOUN
ftr-421	505	15	’s	’s	PART
ftr-421	505	16	initial	initial	ADJ
ftr-421	505	17	contribution	contribution	NOUN
ftr-421	505	18	of	of	ADP
ftr-421	505	19	assets	asset	NOUN
ftr-421	505	20	in	in	ADP
ftr-421	505	21	exchange	exchange	NOUN
ftr-421	505	22	for	for	ADP
ftr-421	505	23	a	a	DET
ftr-421	505	24	partnership	partnership	NOUN
ftr-421	505	25	interest	interest	NOUN
ftr-421	505	26	,	,	PUNCT
ftr-421	505	27	followed	follow	VERB
ftr-421	505	28	by	by	ADP
ftr-421	505	29	a	a	DET
ftr-421	505	30	subsequent	subsequent	ADJ
ftr-421	505	31	transfer	transfer	NOUN
ftr-421	505	32	of	of	ADP
ftr-421	505	33	the	the	DET
ftr-421	505	34	partnership	partnership	NOUN
ftr-421	505	35	interest	interest	NOUN
ftr-421	505	36	to	to	ADP
ftr-421	505	37	a	a	DET
ftr-421	505	38	child	child	NOUN
ftr-421	505	39	.	.	PUNCT
ftr-421	506	1	under	under	ADP
ftr-421	506	2	existing	exist	VERB
ftr-421	506	3	law	law	NOUN
ftr-421	506	4	,	,	PUNCT
ftr-421	506	5	the	the	DET
ftr-421	506	6	transaction	transaction	NOUN
ftr-421	506	7	can	can	AUX
ftr-421	506	8	be	be	AUX
ftr-421	506	9	structured	structure	VERB
ftr-421	506	10	to	to	PART
ftr-421	506	11	avoid	avoid	VERB
ftr-421	506	12	any	any	DET
ftr-421	506	13	taxable	taxable	ADJ
ftr-421	506	14	gift	gift	NOUN
ftr-421	506	15	on	on	ADP
ftr-421	506	16	the	the	DET
ftr-421	506	17	formation	formation	NOUN
ftr-421	506	18	of	of	ADP
ftr-421	506	19	the	the	DET
ftr-421	506	20	partnership	partnership	NOUN
ftr-421	506	21	and	and	CCONJ
ftr-421	506	22	to	to	PART
ftr-421	506	23	generate	generate	VERB
ftr-421	506	24	substantial	substantial	ADJ
ftr-421	506	25	valuation	valuation	NOUN
ftr-421	506	26	discounts	discount	NOUN
ftr-421	506	27	on	on	ADP
ftr-421	506	28	the	the	DET
ftr-421	506	29	subsequent	subsequent	ADJ
ftr-421	506	30	transfer	transfer	NOUN
ftr-421	506	31	of	of	ADP
ftr-421	506	32	the	the	DET
ftr-421	506	33	partnership	partnership	NOUN
ftr-421	506	34	interest	interest	NOUN
ftr-421	506	35	.	.	PUNCT
ftr-421	507	1	as	as	ADP
ftr-421	507	2	a	a	DET
ftr-421	507	3	result	result	NOUN
ftr-421	507	4	,	,	PUNCT
ftr-421	507	5	the	the	DET
ftr-421	507	6	difference	difference	NOUN
ftr-421	507	7	between	between	ADP
ftr-421	507	8	the	the	DET
ftr-421	507	9	inside	inside	ADJ
ftr-421	507	10	value	value	NOUN
ftr-421	507	11	of	of	ADP
ftr-421	507	12	the	the	DET
ftr-421	507	13	contributed	contribute	VERB
ftr-421	507	14	assets	asset	NOUN
ftr-421	507	15	and	and	CCONJ
ftr-421	507	16	the	the	DET
ftr-421	507	17	outside	outside	ADJ
ftr-421	507	18	value	value	NOUN
ftr-421	507	19	of	of	ADP
ftr-421	507	20	the	the	DET
ftr-421	507	21	partnership	partnership	NOUN
ftr-421	507	22	interest	interest	NOUN
ftr-421	507	23	escapes	escape	VERB
ftr-421	507	24	gift	gift	NOUN
ftr-421	507	25	and	and	CCONJ
ftr-421	507	26	estate	estate	NOUN
ftr-421	507	27	tax	tax	NOUN
ftr-421	507	28	in	in	ADP
ftr-421	507	29	the	the	DET
ftr-421	507	30	parent	parent	NOUN
ftr-421	507	31	’s	’s	PART
ftr-421	507	32	hands	hand	NOUN
ftr-421	507	33	,	,	PUNCT
ftr-421	507	34	even	even	ADV
ftr-421	507	35	though	though	SCONJ
ftr-421	507	36	the	the	DET
ftr-421	507	37	assets	asset	NOUN
ftr-421	507	38	remain	remain	VERB
ftr-421	507	39	intact	intact	ADJ
ftr-421	507	40	and	and	CCONJ
ftr-421	507	41	available	available	ADJ
ftr-421	507	42	for	for	ADP
ftr-421	507	43	distribution	distribution	NOUN
ftr-421	507	44	to	to	ADP
ftr-421	507	45	the	the	DET
ftr-421	507	46	child	child	NOUN
ftr-421	507	47	upon	upon	SCONJ
ftr-421	507	48	liquidation	liquidation	NOUN
ftr-421	507	49	of	of	ADP
ftr-421	507	50	the	the	DET
ftr-421	507	51	partnership	partnership	NOUN
ftr-421	507	52	.	.	PUNCT
ftr-421	508	1	84	84	NUM
ftr-421	508	2	.	.	PUNCT
ftr-421	509	1	the	the	DET
ftr-421	509	2	concept	concept	NOUN
ftr-421	509	3	of	of	ADP
ftr-421	509	4	an	an	DET
ftr-421	509	5	election	election	NOUN
ftr-421	509	6	to	to	PART
ftr-421	509	7	claim	claim	VERB
ftr-421	509	8	or	or	CCONJ
ftr-421	509	9	forego	forego	ADJ
ftr-421	509	10	favorable	favorable	ADJ
ftr-421	509	11	tax	tax	NOUN
ftr-421	509	12	treatment	treatment	NOUN
ftr-421	509	13	in	in	ADP
ftr-421	509	14	an	an	DET
ftr-421	509	15	initial	initial	ADJ
ftr-421	509	16	transfer	transfer	NOUN
ftr-421	509	17	coupled	couple	VERB
ftr-421	509	18	with	with	ADP
ftr-421	509	19	consistent	consistent	ADJ
ftr-421	509	20	treatment	treatment	NOUN
ftr-421	509	21	in	in	ADP
ftr-421	509	22	a	a	DET
ftr-421	509	23	subsequent	subsequent	ADJ
ftr-421	509	24	transfer	transfer	NOUN
ftr-421	509	25	has	have	VERB
ftr-421	509	26	counterparts	counterpart	NOUN
ftr-421	509	27	in	in	ADP
ftr-421	509	28	existing	exist	VERB
ftr-421	509	29	law	law	NOUN
ftr-421	509	30	.	.	PUNCT
ftr-421	510	1	cf	cf	NOUN
ftr-421	510	2	.	.	PUNCT
ftr-421	511	1	irc	irc	PROPN
ftr-421	511	2	§	§	PROPN
ftr-421	511	3	2701(c)(3)(c	2701(c)(3)(c	NUM
ftr-421	511	4	)	)	PUNCT
ftr-421	511	5	(	(	PUNCT
ftr-421	511	6	election	election	NOUN
ftr-421	511	7	into	into	ADP
ftr-421	511	8	or	or	CCONJ
ftr-421	511	9	out	out	ADP
ftr-421	511	10	of	of	ADP
ftr-421	511	11	special	special	ADJ
ftr-421	511	12	valuation	valuation	NOUN
ftr-421	511	13	rules	rule	NOUN
ftr-421	511	14	)	)	PUNCT
ftr-421	511	15	,	,	PUNCT
ftr-421	511	16	2701(e)(6	2701(e)(6	NUM
ftr-421	511	17	)	)	PUNCT
ftr-421	511	18	(	(	PUNCT
ftr-421	511	19	valuation	valuation	NOUN
ftr-421	511	20	adjustment	adjustment	NOUN
ftr-421	511	21	on	on	ADP
ftr-421	511	22	subsequent	subsequent	ADJ
ftr-421	511	23	transfer	transfer	NOUN
ftr-421	511	24	)	)	PUNCT
ftr-421	511	25	.	.	PUNCT
ftr-421	512	1	cf	cf	NOUN
ftr-421	512	2	.	.	PUNCT
ftr-421	513	1	also	also	ADV
ftr-421	513	2	irc	irc	ADP
ftr-421	513	3	§	§	PROPN
ftr-421	513	4	§	§	PROPN
ftr-421	513	5	2044	2044	NUM
ftr-421	513	6	,	,	PUNCT
ftr-421	513	7	2056(b)(7	2056(b)(7	NUM
ftr-421	513	8	)	)	PUNCT
ftr-421	513	9	,	,	PUNCT
ftr-421	513	10	2519	2519	NUM
ftr-421	513	11	,	,	PUNCT
ftr-421	513	12	2523(f	2523(f	NOUN
ftr-421	513	13	)	)	PUNCT
ftr-421	513	14	,	,	PUNCT
ftr-421	513	15	relating	relate	VERB
ftr-421	513	16	to	to	ADP
ftr-421	513	17	qualified	qualified	ADJ
ftr-421	513	18	terminable	terminable	ADJ
ftr-421	513	19	interest	interest	NOUN
ftr-421	513	20	property	property	NOUN
ftr-421	513	21	.	.	PUNCT
ftr-421	514	1	85	85	NUM
ftr-421	514	2	.	.	PUNCT
ftr-421	515	1	cf	cf	X
ftr-421	515	2	.	.	PUNCT
ftr-421	516	1	rev	rev	PROPN
ftr-421	516	2	.	.	PUNCT
ftr-421	517	1	rul	rul	NOUN
ftr-421	517	2	.	.	PUNCT
ftr-421	518	1	84	84	NUM
ftr-421	518	2	-	-	SYM
ftr-421	518	3	25	25	NUM
ftr-421	518	4	,	,	PUNCT
ftr-421	518	5	1984	1984	NUM
ftr-421	518	6	-	-	SYM
ftr-421	518	7	1	1	NUM
ftr-421	518	8	c.b	c.b	PROPN
ftr-421	518	9	.	.	PROPN
ftr-421	518	10	191	191	NUM
ftr-421	518	11	.	.	PUNCT
ftr-421	518	12	2004	2004	NUM
ftr-421	518	13	]	]	PUNCT
ftr-421	518	14	family	family	NOUN
ftr-421	518	15	limited	limit	VERB
ftr-421	518	16	partnerships	partnership	NOUN
ftr-421	518	17	671	671	NUM
ftr-421	518	18	there	there	PRON
ftr-421	518	19	is	be	VERB
ftr-421	518	20	nothing	nothing	PRON
ftr-421	518	21	inherently	inherently	ADV
ftr-421	518	22	abusive	abusive	ADJ
ftr-421	518	23	in	in	ADP
ftr-421	518	24	allowing	allow	VERB
ftr-421	518	25	valuation	valuation	NOUN
ftr-421	518	26	discounts	discount	NOUN
ftr-421	518	27	for	for	ADP
ftr-421	518	28	lack	lack	NOUN
ftr-421	518	29	of	of	ADP
ftr-421	518	30	marketability	marketability	NOUN
ftr-421	518	31	and	and	CCONJ
ftr-421	518	32	lack	lack	NOUN
ftr-421	518	33	of	of	ADP
ftr-421	518	34	control	control	NOUN
ftr-421	518	35	in	in	ADP
ftr-421	518	36	connection	connection	NOUN
ftr-421	518	37	with	with	ADP
ftr-421	518	38	the	the	DET
ftr-421	518	39	subsequent	subsequent	ADJ
ftr-421	518	40	transfer	transfer	NOUN
ftr-421	518	41	of	of	ADP
ftr-421	518	42	the	the	DET
ftr-421	518	43	partnership	partnership	NOUN
ftr-421	518	44	interest	interest	NOUN
ftr-421	518	45	.	.	PUNCT
ftr-421	519	1	instead	instead	ADV
ftr-421	519	2	,	,	PUNCT
ftr-421	519	3	the	the	DET
ftr-421	519	4	problem	problem	NOUN
ftr-421	519	5	of	of	ADP
ftr-421	519	6	disappearing	disappear	VERB
ftr-421	519	7	value	value	NOUN
ftr-421	519	8	reflects	reflect	VERB
ftr-421	519	9	a	a	DET
ftr-421	519	10	discrepancy	discrepancy	NOUN
ftr-421	519	11	between	between	ADP
ftr-421	519	12	the	the	DET
ftr-421	519	13	tax	tax	NOUN
ftr-421	519	14	treatment	treatment	NOUN
ftr-421	519	15	of	of	ADP
ftr-421	519	16	the	the	DET
ftr-421	519	17	initial	initial	ADJ
ftr-421	519	18	exchange	exchange	NOUN
ftr-421	519	19	and	and	CCONJ
ftr-421	519	20	the	the	DET
ftr-421	519	21	subsequent	subsequent	ADJ
ftr-421	519	22	transfer	transfer	NOUN
ftr-421	519	23	.	.	PUNCT
ftr-421	520	1	the	the	DET
ftr-421	520	2	courts	court	NOUN
ftr-421	520	3	hold	hold	VERB
ftr-421	520	4	that	that	SCONJ
ftr-421	520	5	no	no	DET
ftr-421	520	6	taxable	taxable	ADJ
ftr-421	520	7	gift	gift	NOUN
ftr-421	520	8	occurs	occur	VERB
ftr-421	520	9	on	on	ADP
ftr-421	520	10	formation	formation	NOUN
ftr-421	520	11	of	of	ADP
ftr-421	520	12	the	the	DET
ftr-421	520	13	partnership	partnership	NOUN
ftr-421	520	14	,	,	PUNCT
ftr-421	520	15	if	if	SCONJ
ftr-421	520	16	capital	capital	NOUN
ftr-421	520	17	accounts	account	NOUN
ftr-421	520	18	are	be	AUX
ftr-421	520	19	properly	properly	ADV
ftr-421	520	20	maintained	maintain	VERB
ftr-421	520	21	and	and	CCONJ
ftr-421	520	22	no	no	DET
ftr-421	520	23	capital	capital	NOUN
ftr-421	520	24	is	be	AUX
ftr-421	520	25	shifted	shift	VERB
ftr-421	520	26	from	from	ADP
ftr-421	520	27	one	one	NUM
ftr-421	520	28	partner	partner	NOUN
ftr-421	520	29	to	to	ADP
ftr-421	520	30	another	another	PRON
ftr-421	520	31	.	.	PUNCT
ftr-421	521	1	although	although	SCONJ
ftr-421	521	2	the	the	DET
ftr-421	521	3	capital	capital	NOUN
ftr-421	521	4	account	account	NOUN
ftr-421	521	5	rules	rule	NOUN
ftr-421	521	6	developed	develop	VERB
ftr-421	521	7	in	in	ADP
ftr-421	521	8	the	the	DET
ftr-421	521	9	income	income	NOUN
ftr-421	521	10	tax	tax	NOUN
ftr-421	521	11	context	context	NOUN
ftr-421	521	12	do	do	AUX
ftr-421	521	13	not	not	PART
ftr-421	521	14	necessarily	necessarily	ADV
ftr-421	521	15	control	control	VERB
ftr-421	521	16	the	the	DET
ftr-421	521	17	valuation	valuation	NOUN
ftr-421	521	18	of	of	ADP
ftr-421	521	19	partnership	partnership	NOUN
ftr-421	521	20	interests	interest	NOUN
ftr-421	521	21	for	for	ADP
ftr-421	521	22	transfer	transfer	NOUN
ftr-421	521	23	tax	tax	NOUN
ftr-421	521	24	purposes	purpose	NOUN
ftr-421	521	25	,	,	PUNCT
ftr-421	521	26	they	they	PRON
ftr-421	521	27	help	help	VERB
ftr-421	521	28	to	to	PART
ftr-421	521	29	expose	expose	VERB
ftr-421	521	30	the	the	DET
ftr-421	521	31	problem	problem	NOUN
ftr-421	521	32	of	of	ADP
ftr-421	521	33	disappearing	disappear	VERB
ftr-421	521	34	value	value	NOUN
ftr-421	521	35	.	.	PUNCT
ftr-421	522	1	in	in	ADP
ftr-421	522	2	effect	effect	NOUN
ftr-421	522	3	,	,	PUNCT
ftr-421	522	4	the	the	DET
ftr-421	522	5	courts	court	NOUN
ftr-421	522	6	treat	treat	VERB
ftr-421	522	7	the	the	DET
ftr-421	522	8	formation	formation	NOUN
ftr-421	522	9	of	of	ADP
ftr-421	522	10	the	the	DET
ftr-421	522	11	partnership	partnership	NOUN
ftr-421	522	12	as	as	ADP
ftr-421	522	13	an	an	DET
ftr-421	522	14	ordinary	ordinary	ADJ
ftr-421	522	15	business	business	NOUN
ftr-421	522	16	transaction	transaction	NOUN
ftr-421	522	17	in	in	ADP
ftr-421	522	18	which	which	PRON
ftr-421	522	19	each	each	DET
ftr-421	522	20	partner	partner	NOUN
ftr-421	522	21	is	be	AUX
ftr-421	522	22	deemed	deem	VERB
ftr-421	522	23	to	to	PART
ftr-421	522	24	receive	receive	VERB
ftr-421	522	25	adequate	adequate	ADJ
ftr-421	522	26	and	and	CCONJ
ftr-421	522	27	full	full	ADJ
ftr-421	522	28	consideration	consideration	NOUN
ftr-421	522	29	for	for	ADP
ftr-421	522	30	his	his	PRON
ftr-421	522	31	or	or	CCONJ
ftr-421	522	32	her	her	PRON
ftr-421	522	33	contribution	contribution	NOUN
ftr-421	522	34	.	.	PUNCT
ftr-421	523	1	typically,86	typically,86	PROPN
ftr-421	523	2	however	however	ADV
ftr-421	523	3	,	,	PUNCT
ftr-421	523	4	the	the	DET
ftr-421	523	5	formation	formation	NOUN
ftr-421	523	6	of	of	ADP
ftr-421	523	7	a	a	DET
ftr-421	523	8	family	family	NOUN
ftr-421	523	9	partnership	partnership	NOUN
ftr-421	523	10	is	be	AUX
ftr-421	523	11	not	not	PART
ftr-421	523	12	an	an	DET
ftr-421	523	13	ordinary	ordinary	ADJ
ftr-421	523	14	business	business	NOUN
ftr-421	523	15	transaction	transaction	NOUN
ftr-421	523	16	but	but	CCONJ
ftr-421	523	17	rather	rather	ADV
ftr-421	523	18	an	an	DET
ftr-421	523	19	initial	initial	ADJ
ftr-421	523	20	step	step	NOUN
ftr-421	523	21	in	in	ADP
ftr-421	523	22	a	a	DET
ftr-421	523	23	donative	donative	ADJ
ftr-421	523	24	transfer	transfer	NOUN
ftr-421	523	25	between	between	ADP
ftr-421	523	26	related	related	ADJ
ftr-421	523	27	parties	party	NOUN
ftr-421	523	28	.	.	PUNCT
ftr-421	524	1	when	when	SCONJ
ftr-421	524	2	a	a	DET
ftr-421	524	3	parent	parent	NOUN
ftr-421	524	4	contributes	contribute	VERB
ftr-421	524	5	assets	asset	NOUN
ftr-421	524	6	to	to	ADP
ftr-421	524	7	the	the	DET
ftr-421	524	8	partnership	partnership	NOUN
ftr-421	524	9	in	in	ADP
ftr-421	524	10	exchange	exchange	NOUN
ftr-421	524	11	for	for	ADP
ftr-421	524	12	a	a	DET
ftr-421	524	13	partnership	partnership	NOUN
ftr-421	524	14	interest	interest	NOUN
ftr-421	524	15	of	of	ADP
ftr-421	524	16	lesser	less	ADJ
ftr-421	524	17	value	value	NOUN
ftr-421	524	18	,	,	PUNCT
ftr-421	524	19	the	the	DET
ftr-421	524	20	difference	difference	NOUN
ftr-421	524	21	in	in	ADP
ftr-421	524	22	value	value	NOUN
ftr-421	524	23	is	be	AUX
ftr-421	524	24	not	not	PART
ftr-421	524	25	destroyed	destroy	VERB
ftr-421	524	26	but	but	CCONJ
ftr-421	524	27	merely	merely	ADV
ftr-421	524	28	suspended	suspend	VERB
ftr-421	524	29	in	in	ADP
ftr-421	524	30	partnership	partnership	NOUN
ftr-421	524	31	solution	solution	NOUN
ftr-421	524	32	.	.	PUNCT
ftr-421	525	1	so	so	ADV
ftr-421	525	2	far	far	ADV
ftr-421	525	3	,	,	PUNCT
ftr-421	525	4	the	the	DET
ftr-421	525	5	courts	court	NOUN
ftr-421	525	6	have	have	AUX
ftr-421	525	7	failed	fail	VERB
ftr-421	525	8	to	to	PART
ftr-421	525	9	provide	provide	VERB
ftr-421	525	10	a	a	DET
ftr-421	525	11	coherent	coherent	ADJ
ftr-421	525	12	explanation	explanation	NOUN
ftr-421	525	13	for	for	ADP
ftr-421	525	14	exempting	exempt	VERB
ftr-421	525	15	the	the	DET
ftr-421	525	16	unequal	unequal	ADJ
ftr-421	525	17	exchange	exchange	NOUN
ftr-421	525	18	from	from	ADP
ftr-421	525	19	the	the	DET
ftr-421	525	20	reach	reach	NOUN
ftr-421	525	21	of	of	ADP
ftr-421	525	22	the	the	DET
ftr-421	525	23	gift	gift	NOUN
ftr-421	525	24	tax	tax	NOUN
ftr-421	525	25	.	.	PUNCT
ftr-421	526	1	one	one	NUM
ftr-421	526	2	possible	possible	ADJ
ftr-421	526	3	reason	reason	NOUN
ftr-421	526	4	for	for	ADP
ftr-421	526	5	treating	treat	VERB
ftr-421	526	6	the	the	DET
ftr-421	526	7	parent	parent	NOUN
ftr-421	526	8	leniently	leniently	ADV
ftr-421	526	9	is	be	AUX
ftr-421	526	10	that	that	SCONJ
ftr-421	526	11	it	it	PRON
ftr-421	526	12	is	be	AUX
ftr-421	526	13	not	not	PART
ftr-421	526	14	clear	clear	ADJ
ftr-421	526	15	at	at	ADP
ftr-421	526	16	the	the	DET
ftr-421	526	17	time	time	NOUN
ftr-421	526	18	of	of	ADP
ftr-421	526	19	the	the	DET
ftr-421	526	20	initial	initial	ADJ
ftr-421	526	21	exchange	exchange	NOUN
ftr-421	526	22	that	that	PRON
ftr-421	526	23	the	the	DET
ftr-421	526	24	assets	asset	NOUN
ftr-421	526	25	contributed	contribute	VERB
ftr-421	526	26	by	by	ADP
ftr-421	526	27	the	the	DET
ftr-421	526	28	parent	parent	NOUN
ftr-421	526	29	will	will	AUX
ftr-421	526	30	actually	actually	ADV
ftr-421	526	31	emerge	emerge	VERB
ftr-421	526	32	intact	intact	ADJ
ftr-421	526	33	in	in	ADP
ftr-421	526	34	the	the	DET
ftr-421	526	35	child	child	NOUN
ftr-421	526	36	’s	’s	PART
ftr-421	526	37	hands	hand	NOUN
ftr-421	526	38	.	.	PUNCT
ftr-421	527	1	it	it	PRON
ftr-421	527	2	is	be	AUX
ftr-421	527	3	possible	possible	ADJ
ftr-421	527	4	,	,	PUNCT
ftr-421	527	5	though	though	SCONJ
ftr-421	527	6	unlikely	unlikely	ADJ
ftr-421	527	7	,	,	PUNCT
ftr-421	527	8	that	that	SCONJ
ftr-421	527	9	a	a	DET
ftr-421	527	10	disagreement	disagreement	NOUN
ftr-421	527	11	may	may	AUX
ftr-421	527	12	erupt	erupt	VERB
ftr-421	527	13	within	within	ADP
ftr-421	527	14	the	the	DET
ftr-421	527	15	family	family	NOUN
ftr-421	527	16	or	or	CCONJ
ftr-421	527	17	that	that	SCONJ
ftr-421	527	18	the	the	DET
ftr-421	527	19	parent	parent	NOUN
ftr-421	527	20	may	may	AUX
ftr-421	527	21	sell	sell	VERB
ftr-421	527	22	his	his	PRON
ftr-421	527	23	or	or	CCONJ
ftr-421	527	24	her	her	PRON
ftr-421	527	25	partnership	partnership	NOUN
ftr-421	527	26	interest	interest	NOUN
ftr-421	527	27	to	to	ADP
ftr-421	527	28	an	an	DET
ftr-421	527	29	unrelated	unrelated	ADJ
ftr-421	527	30	party	party	NOUN
ftr-421	527	31	for	for	ADP
ftr-421	527	32	its	its	PRON
ftr-421	527	33	fair	fair	ADJ
ftr-421	527	34	market	market	NOUN
ftr-421	527	35	value	value	NOUN
ftr-421	527	36	.	.	PUNCT
ftr-421	528	1	but	but	CCONJ
ftr-421	528	2	this	this	DET
ftr-421	528	3	sort	sort	NOUN
ftr-421	528	4	of	of	ADP
ftr-421	528	5	uncertainty	uncertainty	NOUN
ftr-421	528	6	about	about	ADP
ftr-421	528	7	future	future	ADJ
ftr-421	528	8	events	event	NOUN
ftr-421	528	9	does	do	AUX
ftr-421	528	10	not	not	PART
ftr-421	528	11	generally	generally	ADV
ftr-421	528	12	prevent	prevent	VERB
ftr-421	528	13	an	an	DET
ftr-421	528	14	unequal	unequal	ADJ
ftr-421	528	15	exchange	exchange	NOUN
ftr-421	528	16	occurring	occur	VERB
ftr-421	528	17	outside	outside	ADP
ftr-421	528	18	the	the	DET
ftr-421	528	19	ordinary	ordinary	ADJ
ftr-421	528	20	course	course	NOUN
ftr-421	528	21	of	of	ADP
ftr-421	528	22	business	business	NOUN
ftr-421	528	23	from	from	ADP
ftr-421	528	24	being	be	AUX
ftr-421	528	25	treated	treat	VERB
ftr-421	528	26	as	as	ADP
ftr-421	528	27	a	a	DET
ftr-421	528	28	taxable	taxable	ADJ
ftr-421	528	29	gift	gift	NOUN
ftr-421	528	30	.	.	PUNCT
ftr-421	529	1	another	another	DET
ftr-421	529	2	possible	possible	ADJ
ftr-421	529	3	concern	concern	NOUN
ftr-421	529	4	is	be	AUX
ftr-421	529	5	that	that	SCONJ
ftr-421	529	6	a	a	DET
ftr-421	529	7	child	child	NOUN
ftr-421	529	8	who	who	PRON
ftr-421	529	9	ultimately	ultimately	ADV
ftr-421	529	10	expects	expect	VERB
ftr-421	529	11	to	to	PART
ftr-421	529	12	benefit	benefit	VERB
ftr-421	529	13	from	from	ADP
ftr-421	529	14	a	a	DET
ftr-421	529	15	gift	gift	NOUN
ftr-421	529	16	of	of	ADP
ftr-421	529	17	the	the	DET
ftr-421	529	18	parent	parent	NOUN
ftr-421	529	19	’s	’s	PART
ftr-421	529	20	partnership	partnership	NOUN
ftr-421	529	21	interest	interest	NOUN
ftr-421	529	22	,	,	PUNCT
ftr-421	529	23	should	should	AUX
ftr-421	529	24	not	not	PART
ftr-421	529	25	incur	incur	VERB
ftr-421	529	26	a	a	DET
ftr-421	529	27	gift	gift	NOUN
ftr-421	529	28	tax	tax	NOUN
ftr-421	529	29	on	on	ADP
ftr-421	529	30	his	his	PRON
ftr-421	529	31	or	or	CCONJ
ftr-421	529	32	her	her	PRON
ftr-421	529	33	contribution	contribution	NOUN
ftr-421	529	34	to	to	ADP
ftr-421	529	35	the	the	DET
ftr-421	529	36	partnership	partnership	NOUN
ftr-421	529	37	.	.	PUNCT
ftr-421	530	1	the	the	DET
ftr-421	530	2	simplest	simple	ADJ
ftr-421	530	3	way	way	NOUN
ftr-421	530	4	to	to	PART
ftr-421	530	5	avoid	avoid	VERB
ftr-421	530	6	this	this	DET
ftr-421	530	7	problem	problem	NOUN
ftr-421	530	8	is	be	AUX
ftr-421	530	9	to	to	PART
ftr-421	530	10	allow	allow	VERB
ftr-421	530	11	the	the	DET
ftr-421	530	12	child	child	NOUN
ftr-421	530	13	to	to	PART
ftr-421	530	14	elect	elect	VERB
ftr-421	530	15	to	to	PART
ftr-421	530	16	ignore	ignore	VERB
ftr-421	530	17	the	the	DET
ftr-421	530	18	entity	entity	NOUN
ftr-421	530	19	discount	discount	NOUN
ftr-421	530	20	upon	upon	SCONJ
ftr-421	530	21	formation	formation	NOUN
ftr-421	530	22	of	of	ADP
ftr-421	530	23	the	the	DET
ftr-421	530	24	partnership	partnership	NOUN
ftr-421	530	25	while	while	SCONJ
ftr-421	530	26	requiring	require	VERB
ftr-421	530	27	that	that	SCONJ
ftr-421	530	28	the	the	DET
ftr-421	530	29	child	child	NOUN
ftr-421	530	30	abide	abide	NOUN
ftr-421	530	31	by	by	ADP
ftr-421	530	32	a	a	DET
ftr-421	530	33	consistent	consistent	ADJ
ftr-421	530	34	valuation	valuation	NOUN
ftr-421	530	35	assumption	assumption	NOUN
ftr-421	530	36	on	on	ADP
ftr-421	530	37	any	any	DET
ftr-421	530	38	subsequent	subsequent	ADJ
ftr-421	530	39	transfer	transfer	NOUN
ftr-421	530	40	of	of	ADP
ftr-421	530	41	his	his	PRON
ftr-421	530	42	or	or	CCONJ
ftr-421	530	43	her	her	PRON
ftr-421	530	44	partnership	partnership	NOUN
ftr-421	530	45	interest	interest	NOUN
ftr-421	530	46	.	.	PUNCT
ftr-421	531	1	under	under	ADP
ftr-421	531	2	the	the	DET
ftr-421	531	3	flexible	flexible	ADJ
ftr-421	531	4	front	front	ADJ
ftr-421	531	5	-	-	PUNCT
ftr-421	531	6	end	end	NOUN
ftr-421	531	7	approach	approach	NOUN
ftr-421	531	8	described	describe	VERB
ftr-421	531	9	above	above	ADV
ftr-421	531	10	,	,	PUNCT
ftr-421	531	11	each	each	DET
ftr-421	531	12	partner	partner	NOUN
ftr-421	531	13	would	would	AUX
ftr-421	531	14	be	be	AUX
ftr-421	531	15	free	free	ADJ
ftr-421	531	16	to	to	PART
ftr-421	531	17	elect	elect	VERB
ftr-421	531	18	the	the	DET
ftr-421	531	19	most	most	ADV
ftr-421	531	20	convenient	convenient	ADJ
ftr-421	531	21	and	and	CCONJ
ftr-421	531	22	advantageous	advantageous	ADJ
ftr-421	531	23	assumption	assumption	NOUN
ftr-421	531	24	for	for	ADP
ftr-421	531	25	valuing	value	VERB
ftr-421	531	26	his	his	PRON
ftr-421	531	27	or	or	CCONJ
ftr-421	531	28	her	her	PRON
ftr-421	531	29	partnership	partnership	NOUN
ftr-421	531	30	interest	interest	NOUN
ftr-421	531	31	upon	upon	SCONJ
ftr-421	531	32	formation	formation	NOUN
ftr-421	531	33	of	of	ADP
ftr-421	531	34	the	the	DET
ftr-421	531	35	family	family	NOUN
ftr-421	531	36	partnership	partnership	NOUN
ftr-421	531	37	,	,	PUNCT
ftr-421	531	38	but	but	CCONJ
ftr-421	531	39	would	would	AUX
ftr-421	531	40	be	be	AUX
ftr-421	531	41	required	require	VERB
ftr-421	531	42	to	to	PART
ftr-421	531	43	apply	apply	VERB
ftr-421	531	44	a	a	DET
ftr-421	531	45	consistent	consistent	ADJ
ftr-421	531	46	assumption	assumption	NOUN
ftr-421	531	47	in	in	ADP
ftr-421	531	48	a	a	DET
ftr-421	531	49	subsequent	subsequent	ADJ
ftr-421	531	50	transfer	transfer	NOUN
ftr-421	531	51	.	.	PUNCT
ftr-421	532	1	each	each	DET
ftr-421	532	2	partner	partner	NOUN
ftr-421	532	3	could	could	AUX
ftr-421	532	4	make	make	VERB
ftr-421	532	5	the	the	DET
ftr-421	532	6	election	election	NOUN
ftr-421	532	7	independently	independently	ADV
ftr-421	532	8	of	of	ADP
ftr-421	532	9	the	the	DET
ftr-421	532	10	others	other	NOUN
ftr-421	532	11	,	,	PUNCT
ftr-421	532	12	but	but	CCONJ
ftr-421	532	13	the	the	DET
ftr-421	532	14	end	end	NOUN
ftr-421	532	15	result	result	NOUN
ftr-421	532	16	would	would	AUX
ftr-421	532	17	be	be	AUX
ftr-421	532	18	to	to	PART
ftr-421	532	19	capture	capture	VERB
ftr-421	532	20	the	the	DET
ftr-421	532	21	value	value	NOUN
ftr-421	532	22	that	that	PRON
ftr-421	532	23	disappears	disappear	VERB
ftr-421	532	24	from	from	ADP
ftr-421	532	25	86	86	NUM
ftr-421	532	26	.	.	PUNCT
ftr-421	533	1	under	under	ADP
ftr-421	533	2	the	the	DET
ftr-421	533	3	gift	gift	NOUN
ftr-421	533	4	tax	tax	NOUN
ftr-421	533	5	regulations	regulation	NOUN
ftr-421	533	6	,	,	PUNCT
ftr-421	533	7	a	a	DET
ftr-421	533	8	“	"	PUNCT
ftr-421	533	9	transfer	transfer	NOUN
ftr-421	533	10	of	of	ADP
ftr-421	533	11	property	property	NOUN
ftr-421	533	12	made	make	VERB
ftr-421	533	13	in	in	ADP
ftr-421	533	14	the	the	DET
ftr-421	533	15	ordinary	ordinary	ADJ
ftr-421	533	16	course	course	NOUN
ftr-421	533	17	of	of	ADP
ftr-421	533	18	business	business	NOUN
ftr-421	533	19	(	(	PUNCT
ftr-421	533	20	a	a	DET
ftr-421	533	21	transaction	transaction	NOUN
ftr-421	533	22	which	which	PRON
ftr-421	533	23	is	be	AUX
ftr-421	533	24	bona	bona	ADJ
ftr-421	533	25	fide	fide	ADJ
ftr-421	533	26	,	,	PUNCT
ftr-421	533	27	at	at	ADP
ftr-421	533	28	arm	arm	NOUN
ftr-421	533	29	’s	’s	PART
ftr-421	533	30	length	length	NOUN
ftr-421	533	31	,	,	PUNCT
ftr-421	533	32	and	and	CCONJ
ftr-421	533	33	free	free	ADJ
ftr-421	533	34	from	from	ADP
ftr-421	533	35	any	any	DET
ftr-421	533	36	donative	donative	ADJ
ftr-421	533	37	intent	intent	NOUN
ftr-421	533	38	)	)	PUNCT
ftr-421	533	39	”	"	PUNCT
ftr-421	533	40	is	be	AUX
ftr-421	533	41	exempt	exempt	ADJ
ftr-421	533	42	from	from	ADP
ftr-421	533	43	gift	gift	NOUN
ftr-421	533	44	tax	tax	NOUN
ftr-421	533	45	because	because	SCONJ
ftr-421	533	46	such	such	DET
ftr-421	533	47	a	a	DET
ftr-421	533	48	transfer	transfer	NOUN
ftr-421	533	49	is	be	AUX
ftr-421	533	50	“	"	PUNCT
ftr-421	533	51	considered	consider	VERB
ftr-421	533	52	as	as	SCONJ
ftr-421	533	53	made	make	VERB
ftr-421	533	54	for	for	ADP
ftr-421	533	55	an	an	DET
ftr-421	533	56	adequate	adequate	ADJ
ftr-421	533	57	and	and	CCONJ
ftr-421	533	58	full	full	ADJ
ftr-421	533	59	consideration	consideration	NOUN
ftr-421	533	60	in	in	ADP
ftr-421	533	61	money	money	NOUN
ftr-421	533	62	or	or	CCONJ
ftr-421	533	63	money	money	NOUN
ftr-421	533	64	’s	’s	PART
ftr-421	533	65	worth	worth	ADJ
ftr-421	533	66	.	.	PUNCT
ftr-421	533	67	”	"	PUNCT
ftr-421	533	68	regs	reg	NOUN
ftr-421	533	69	.	.	PUNCT
ftr-421	534	1	§	§	PROPN
ftr-421	534	2	25.2512	25.2512	NUM
ftr-421	534	3	-	-	SYM
ftr-421	534	4	8	8	NUM
ftr-421	534	5	.	.	NUM
ftr-421	534	6	672	672	NUM
ftr-421	534	7	florida	florida	PROPN
ftr-421	534	8	tax	tax	NOUN
ftr-421	534	9	review	review	NOUN
ftr-421	534	10	[	[	X
ftr-421	534	11	vol.6:6	vol.6:6	X
ftr-421	534	12	the	the	DET
ftr-421	534	13	transfer	transfer	NOUN
ftr-421	534	14	tax	tax	NOUN
ftr-421	534	15	base	base	NOUN
ftr-421	534	16	under	under	ADP
ftr-421	534	17	existing	exist	VERB
ftr-421	534	18	law	law	NOUN
ftr-421	534	19	as	as	ADP
ftr-421	534	20	a	a	DET
ftr-421	534	21	result	result	NOUN
ftr-421	534	22	of	of	ADP
ftr-421	534	23	inconsistent	inconsistent	ADJ
ftr-421	534	24	valuation	valuation	NOUN
ftr-421	534	25	assumptions	assumption	NOUN
ftr-421	534	26	.	.	PUNCT
ftr-421	535	1	*	*	PUNCT
ftr-421	535	2	*	*	PUNCT
ftr-421	535	3	addendum	addendum	X
ftr-421	535	4	*	*	PUNCT
ftr-421	535	5	*	*	PUNCT
ftr-421	535	6	note	note	NOUN
ftr-421	535	7	to	to	ADP
ftr-421	535	8	readers	reader	NOUN
ftr-421	535	9	:	:	PUNCT
ftr-421	535	10	following	follow	VERB
ftr-421	535	11	the	the	DET
ftr-421	535	12	completion	completion	NOUN
ftr-421	535	13	of	of	ADP
ftr-421	535	14	this	this	DET
ftr-421	535	15	article	article	NOUN
ftr-421	535	16	in	in	ADP
ftr-421	535	17	the	the	DET
ftr-421	535	18	spring	spring	NOUN
ftr-421	535	19	of	of	ADP
ftr-421	535	20	2004	2004	NUM
ftr-421	535	21	,	,	PUNCT
ftr-421	535	22	the	the	DET
ftr-421	535	23	federal	federal	ADJ
ftr-421	535	24	appellate	appellate	ADJ
ftr-421	535	25	courts	court	NOUN
ftr-421	535	26	issued	issue	VERB
ftr-421	535	27	decisions	decision	NOUN
ftr-421	535	28	in	in	ADP
ftr-421	535	29	kimbell	kimbell	PROPN
ftr-421	535	30	v.	v.	PROPN
ftr-421	535	31	united	united	PROPN
ftr-421	535	32	states	states	PROPN
ftr-421	535	33	,	,	PUNCT
ftr-421	535	34	371	371	NUM
ftr-421	535	35	f.3d	f.3d	NUM
ftr-421	535	36	257	257	NUM
ftr-421	535	37	(	(	PUNCT
ftr-421	535	38	5th	5th	ADJ
ftr-421	535	39	cir	cir	NOUN
ftr-421	535	40	.	.	PUNCT
ftr-421	535	41	2004	2004	NUM
ftr-421	535	42	)	)	PUNCT
ftr-421	535	43	,	,	PUNCT
ftr-421	535	44	and	and	CCONJ
ftr-421	535	45	turner	turner	PROPN
ftr-421	535	46	v.	v.	PROPN
ftr-421	535	47	commissioner	commissioner	PROPN
ftr-421	535	48	,	,	PUNCT
ftr-421	535	49	382	382	NUM
ftr-421	535	50	f.3d	f.3d	NUM
ftr-421	535	51	367	367	NUM
ftr-421	535	52	(	(	PUNCT
ftr-421	535	53	3d	3d	PROPN
ftr-421	535	54	cir	cir	NOUN
ftr-421	535	55	.	.	PUNCT
ftr-421	535	56	2004	2004	NUM
ftr-421	535	57	)	)	PUNCT
ftr-421	535	58	.	.	PUNCT
ftr-421	536	1	although	although	SCONJ
ftr-421	536	2	these	these	DET
ftr-421	536	3	two	two	NUM
ftr-421	536	4	decisions	decision	NOUN
ftr-421	536	5	clearly	clearly	ADV
ftr-421	536	6	represent	represent	VERB
ftr-421	536	7	contrasting	contrast	VERB
ftr-421	536	8	approaches	approach	NOUN
ftr-421	536	9	to	to	ADP
ftr-421	536	10	the	the	DET
ftr-421	536	11	estate	estate	NOUN
ftr-421	536	12	tax	tax	NOUN
ftr-421	536	13	treatment	treatment	NOUN
ftr-421	536	14	of	of	ADP
ftr-421	536	15	family	family	NOUN
ftr-421	536	16	limited	limit	VERB
ftr-421	536	17	partnerships	partnership	NOUN
ftr-421	536	18	under	under	ADP
ftr-421	536	19	section	section	NOUN
ftr-421	536	20	2036(a	2036(a	NUM
ftr-421	536	21	)	)	PUNCT
ftr-421	536	22	,	,	PUNCT
ftr-421	536	23	they	they	PRON
ftr-421	536	24	do	do	AUX
ftr-421	536	25	not	not	PART
ftr-421	536	26	significantly	significantly	ADV
ftr-421	536	27	affect	affect	VERB
ftr-421	536	28	the	the	DET
ftr-421	536	29	analysis	analysis	NOUN
ftr-421	536	30	or	or	CCONJ
ftr-421	536	31	the	the	DET
ftr-421	536	32	conclusions	conclusion	NOUN
ftr-421	536	33	set	set	VERB
ftr-421	536	34	forth	forth	ADP
ftr-421	536	35	in	in	ADP
ftr-421	536	36	the	the	DET
ftr-421	536	37	article	article	NOUN
ftr-421	536	38	.	.	PUNCT
ftr-421	537	1	preserving	preserve	VERB
ftr-421	537	2	value	value	NOUN