id	sid	tid	token	lemma	pos
ftr-442	1	1	florida	florida	PROPN
ftr-442	1	2	tax	tax	PROPN
ftr-442	1	3	review	review	NOUN
ftr-442	1	4	volume	volume	NOUN
ftr-442	1	5	4	4	NUM
ftr-442	1	6	1999	1999	NUM
ftr-442	1	7	number	number	NOUN
ftr-442	1	8	3	3	NUM
ftr-442	1	9	taxation	taxation	NOUN
ftr-442	1	10	of	of	ADP
ftr-442	1	11	private	private	ADJ
ftr-442	1	12	business	business	NOUN
ftr-442	1	13	firms	firm	NOUN
ftr-442	1	14	:	:	PUNCT
ftr-442	1	15	imagining	imagine	VERB
ftr-442	1	16	a	a	DET
ftr-442	1	17	future	future	NOUN
ftr-442	1	18	without	without	ADP
ftr-442	1	19	subchapter	subchapter	NOUN
ftr-442	1	20	k	k	PROPN
ftr-442	1	21	lawrence	lawrence	PROPN
ftr-442	1	22	lokken	lokken	PROPN
ftr-442	1	23	"	"	PUNCT
ftr-442	1	24	l	l	NOUN
ftr-442	1	25	introduction	introduction	NOUN
ftr-442	1	26	................................	................................	PUNCT
ftr-442	2	1	250	250	NUM
ftr-442	2	2	i.	i.	NOUN
ftr-442	2	3	the	the	DET
ftr-442	2	4	problem	problem	NOUN
ftr-442	2	5	.	.	PUNCT
ftr-442	3	1	................................	................................	PUNCT
ftr-442	4	1	253	253	NUM
ftr-442	4	2	i.	i.	PROPN
ftr-442	4	3	partnership	partnership	NOUN
ftr-442	4	4	allocations	allocation	NOUN
ftr-442	4	5	........................	........................	PUNCT
ftr-442	4	6	255	255	NUM
ftr-442	4	7	a.	a.	NOUN
ftr-442	4	8	a	a	DET
ftr-442	4	9	dollar	dollar	NOUN
ftr-442	4	10	is	be	AUX
ftr-442	4	11	not	not	PART
ftr-442	4	12	necessarily	necessarily	ADV
ftr-442	4	13	a	a	DET
ftr-442	4	14	dollar	dollar	NOUN
ftr-442	4	15	...........	...........	PUNCT
ftr-442	4	16	255	255	NUM
ftr-442	4	17	b.	b.	PROPN
ftr-442	4	18	a	a	DET
ftr-442	4	19	dollar	dollar	NOUN
ftr-442	4	20	is	be	AUX
ftr-442	4	21	a	a	DET
ftr-442	4	22	dollar	dollar	NOUN
ftr-442	4	23	,	,	PUNCT
ftr-442	4	24	not	not	PART
ftr-442	4	25	gross	gross	ADJ
ftr-442	4	26	income	income	NOUN
ftr-442	4	27	or	or	CCONJ
ftr-442	4	28	deduction	deduction	NOUN
ftr-442	4	29	.............................	.............................	PUNCT
ftr-442	5	1	259	259	NUM
ftr-442	5	2	c.	c.	PROPN
ftr-442	5	3	alternatives	alternative	NOUN
ftr-442	5	4	;	;	PUNCT
ftr-442	5	5	allocations	allocation	NOUN
ftr-442	5	6	in	in	ADP
ftr-442	5	7	proportion	proportion	NOUN
ftr-442	5	8	to	to	ADP
ftr-442	5	9	capital	capital	NOUN
ftr-442	5	10	...	...	PUNCT
ftr-442	5	11	265	265	NUM
ftr-442	5	12	iv	iv	NOUN
ftr-442	5	13	.	.	PUNCT
ftr-442	6	1	contributions	contribution	NOUN
ftr-442	6	2	and	and	CCONJ
ftr-442	6	3	distributions	distribution	NOUN
ftr-442	6	4	.................	.................	PUNCT
ftr-442	7	1	269	269	NUM
ftr-442	7	2	v.	v.	ADP
ftr-442	7	3	a	a	DET
ftr-442	7	4	radical	radical	ADJ
ftr-442	7	5	solution	solution	NOUN
ftr-442	7	6	.............................	.............................	PUNCT
ftr-442	8	1	270	270	NUM
ftr-442	8	2	a.	a.	NOUN
ftr-442	8	3	subchapter	subchapter	NOUN
ftr-442	8	4	k	k	PROPN
ftr-442	8	5	............................	............................	PUNCT
ftr-442	8	6	272	272	NUM
ftr-442	8	7	b.	b.	PROPN
ftr-442	8	8	subchapter	subchapter	PROPN
ftr-442	8	9	s	s	PART
ftr-442	8	10	............................	............................	PUNCT
ftr-442	8	11	272	272	NUM
ftr-442	8	12	1	1	NUM
ftr-442	8	13	.	.	PUNCT
ftr-442	9	1	eligibility	eligibility	NOUN
ftr-442	9	2	.........................	.........................	PUNCT
ftr-442	9	3	272	272	NUM
ftr-442	9	4	2	2	NUM
ftr-442	9	5	.	.	PUNCT
ftr-442	9	6	fixed	fix	VERB
ftr-442	9	7	payment	payment	NOUN
ftr-442	9	8	instruments	instrument	NOUN
ftr-442	9	9	.............	.............	PUNCT
ftr-442	10	1	275	275	NUM
ftr-442	10	2	3	3	NUM
ftr-442	10	3	.	.	PUNCT
ftr-442	10	4	contributions	contribution	NOUN
ftr-442	10	5	.......................	.......................	PUNCT
ftr-442	10	6	276	276	NUM
ftr-442	10	7	4	4	NUM
ftr-442	10	8	.	.	PUNCT
ftr-442	11	1	distributions	distribution	NOUN
ftr-442	11	2	.......................	.......................	PUNCT
ftr-442	12	1	276	276	NUM
ftr-442	12	2	5	5	NUM
ftr-442	12	3	.	.	PUNCT
ftr-442	12	4	allocations	allocation	NOUN
ftr-442	12	5	of	of	ADP
ftr-442	12	6	income	income	NOUN
ftr-442	12	7	,	,	PUNCT
ftr-442	12	8	loss	loss	NOUN
ftr-442	12	9	,	,	PUNCT
ftr-442	12	10	and	and	CCONJ
ftr-442	12	11	credit	credit	NOUN
ftr-442	12	12	....	....	PUNCT
ftr-442	13	1	278	278	NUM
ftr-442	13	2	6	6	NUM
ftr-442	13	3	.	.	PUNCT
ftr-442	14	1	loss	loss	NOUN
ftr-442	14	2	limitation	limitation	NOUN
ftr-442	14	3	;	;	PUNCT
ftr-442	14	4	liabilities	liability	NOUN
ftr-442	14	5	in	in	ADP
ftr-442	14	6	basis	basis	NOUN
ftr-442	14	7	.......	.......	PUNCT
ftr-442	15	1	279	279	NUM
ftr-442	15	2	7	7	NUM
ftr-442	15	3	.	.	PUNCT
ftr-442	15	4	effects	effect	NOUN
ftr-442	15	5	of	of	ADP
ftr-442	15	6	elections	election	NOUN
ftr-442	15	7	and	and	CCONJ
ftr-442	15	8	terminations	termination	NOUN
ftr-442	15	9	......	......	PUNCT
ftr-442	15	10	280	280	NUM
ftr-442	15	11	8	8	NUM
ftr-442	15	12	.	.	PUNCT
ftr-442	16	1	application	application	NOUN
ftr-442	16	2	of	of	ADP
ftr-442	16	3	subchapter	subchapter	NOUN
ftr-442	16	4	c	c	NOUN
ftr-442	16	5	............	............	PUNCT
ftr-442	16	6	281	281	NUM
ftr-442	16	7	c.	c.	NOUN
ftr-442	16	8	subchapter	subchapter	NOUN
ftr-442	16	9	c	c	PROPN
ftr-442	16	10	............................	............................	PUNCT
ftr-442	16	11	282	282	NUM
ftr-442	16	12	vl	vl	ADJ
ftr-442	16	13	conclusion	conclusion	NOUN
ftr-442	16	14	..................................	..................................	PUNCT
ftr-442	17	1	285	285	NUM
ftr-442	17	2	*	*	PUNCT
ftr-442	17	3	lawrence	lawrence	PROPN
ftr-442	17	4	lokken	lokken	PROPN
ftr-442	17	5	is	be	AUX
ftr-442	17	6	hugh	hugh	PROPN
ftr-442	17	7	f.	f.	PROPN
ftr-442	17	8	culverhouse	culverhouse	PROPN
ftr-442	17	9	eminent	eminent	ADJ
ftr-442	17	10	scholar	scholar	NOUN
ftr-442	17	11	in	in	ADP
ftr-442	17	12	taxation	taxation	NOUN
ftr-442	17	13	and	and	CCONJ
ftr-442	17	14	professor	professor	NOUN
ftr-442	17	15	of	of	ADP
ftr-442	17	16	law	law	NOUN
ftr-442	17	17	,	,	PUNCT
ftr-442	17	18	university	university	PROPN
ftr-442	17	19	of	of	ADP
ftr-442	17	20	florida	florida	PROPN
ftr-442	17	21	.	.	PUNCT
ftr-442	18	1	the	the	DET
ftr-442	18	2	author	author	NOUN
ftr-442	18	3	thanks	thank	NOUN
ftr-442	18	4	all	all	PRON
ftr-442	18	5	of	of	ADP
ftr-442	18	6	those	those	PRON
ftr-442	18	7	who	who	PRON
ftr-442	18	8	have	have	AUX
ftr-442	18	9	read	read	VERB
ftr-442	18	10	and	and	CCONJ
ftr-442	18	11	commented	comment	VERB
ftr-442	18	12	on	on	ADP
ftr-442	18	13	earlier	early	ADJ
ftr-442	18	14	drafts	draft	NOUN
ftr-442	18	15	of	of	ADP
ftr-442	18	16	this	this	DET
ftr-442	18	17	article	article	NOUN
ftr-442	18	18	,	,	PUNCT
ftr-442	18	19	including	include	VERB
ftr-442	18	20	richard	richard	PROPN
ftr-442	18	21	cohen	cohen	PROPN
ftr-442	18	22	,	,	PUNCT
ftr-442	18	23	terence	terence	PROPN
ftr-442	18	24	cuff	cuff	PROPN
ftr-442	18	25	,	,	PUNCT
ftr-442	18	26	mark	mark	NOUN
ftr-442	18	27	gergen	gergen	PROPN
ftr-442	18	28	,	,	PUNCT
ftr-442	18	29	calvin	calvin	PROPN
ftr-442	18	30	johnson	johnson	PROPN
ftr-442	18	31	,	,	PUNCT
ftr-442	18	32	martin	martin	PROPN
ftr-442	18	33	mcmahon	mcmahon	PROPN
ftr-442	18	34	,	,	PUNCT
ftr-442	18	35	and	and	CCONJ
ftr-442	18	36	george	george	PROPN
ftr-442	18	37	yin	yin	PROPN
ftr-442	18	38	,	,	PUNCT
ftr-442	18	39	some	some	PRON
ftr-442	18	40	of	of	ADP
ftr-442	18	41	whom	whom	PRON
ftr-442	18	42	object	object	VERB
ftr-442	18	43	vigorously	vigorously	ADV
ftr-442	18	44	to	to	ADP
ftr-442	18	45	virtually	virtually	ADV
ftr-442	18	46	everything	everything	PRON
ftr-442	18	47	said	say	VERB
ftr-442	18	48	in	in	ADP
ftr-442	18	49	the	the	DET
ftr-442	18	50	article	article	NOUN
ftr-442	18	51	.	.	PUNCT
ftr-442	19	1	249	249	NUM
ftr-442	19	2	florida	florida	PROPN
ftr-442	19	3	tax	tax	PROPN
ftr-442	19	4	review	review	PROPN
ftr-442	19	5	i.	i.	NOUN
ftr-442	19	6	introduction	introduction	PROPN
ftr-442	19	7	subchapter	subchapter	NOUN
ftr-442	19	8	k	k	PROPN
ftr-442	19	9	is	be	AUX
ftr-442	19	10	a	a	DET
ftr-442	19	11	mess	mess	NOUN
ftr-442	19	12	.	.	PUNCT
ftr-442	20	1	its	its	PRON
ftr-442	20	2	history	history	NOUN
ftr-442	20	3	began	begin	VERB
ftr-442	20	4	with	with	ADP
ftr-442	20	5	the	the	DET
ftr-442	20	6	simple	simple	ADJ
ftr-442	20	7	idea	idea	NOUN
ftr-442	20	8	that	that	SCONJ
ftr-442	20	9	a	a	DET
ftr-442	20	10	partnership	partnership	NOUN
ftr-442	20	11	should	should	AUX
ftr-442	20	12	be	be	AUX
ftr-442	20	13	treated	treat	VERB
ftr-442	20	14	for	for	ADP
ftr-442	20	15	income	income	NOUN
ftr-442	20	16	tax	tax	NOUN
ftr-442	20	17	purposes	purpose	NOUN
ftr-442	20	18	as	as	ADP
ftr-442	20	19	a	a	DET
ftr-442	20	20	conduit	conduit	NOUN
ftr-442	20	21	,	,	PUNCT
ftr-442	20	22	obligated	obligate	VERB
ftr-442	20	23	to	to	PART
ftr-442	20	24	report	report	VERB
ftr-442	20	25	its	its	PRON
ftr-442	20	26	income	income	NOUN
ftr-442	20	27	to	to	ADP
ftr-442	20	28	the	the	DET
ftr-442	20	29	irs	irs	PROPN
ftr-442	20	30	and	and	CCONJ
ftr-442	20	31	to	to	PART
ftr-442	20	32	allocate	allocate	VERB
ftr-442	20	33	this	this	DET
ftr-442	20	34	income	income	NOUN
ftr-442	20	35	among	among	ADP
ftr-442	20	36	its	its	PRON
ftr-442	20	37	partners	partner	NOUN
ftr-442	20	38	but	but	CCONJ
ftr-442	20	39	not	not	PART
ftr-442	20	40	subject	subject	VERB
ftr-442	20	41	to	to	ADP
ftr-442	20	42	tax	tax	NOUN
ftr-442	20	43	itself	itself	PRON
ftr-442	20	44	.	.	PUNCT
ftr-442	20	45	'	'	PUNCT
ftr-442	21	1	even	even	ADV
ftr-442	21	2	when	when	SCONJ
ftr-442	21	3	subchapter	subchapter	PROPN
ftr-442	21	4	k	k	PROPN
ftr-442	21	5	was	be	AUX
ftr-442	21	6	enacted	enact	VERB
ftr-442	21	7	in	in	ADP
ftr-442	21	8	1954	1954	NUM
ftr-442	21	9	,	,	PUNCT
ftr-442	21	10	congress	congress	PROPN
ftr-442	21	11	recognized	recognize	VERB
ftr-442	21	12	that	that	SCONJ
ftr-442	21	13	the	the	DET
ftr-442	21	14	implementation	implementation	NOUN
ftr-442	21	15	of	of	ADP
ftr-442	21	16	this	this	DET
ftr-442	21	17	simple	simple	ADJ
ftr-442	21	18	ideal	ideal	NOUN
ftr-442	21	19	would	would	AUX
ftr-442	21	20	not	not	PART
ftr-442	21	21	necessarily	necessarily	ADV
ftr-442	21	22	be	be	AUX
ftr-442	21	23	simple	simple	ADJ
ftr-442	21	24	.	.	PUNCT
ftr-442	22	1	under	under	ADP
ftr-442	22	2	the	the	DET
ftr-442	22	3	1954	1954	NUM
ftr-442	22	4	legislation	legislation	NOUN
ftr-442	22	5	,	,	PUNCT
ftr-442	22	6	each	each	DET
ftr-442	22	7	partner	partner	NOUN
ftr-442	22	8	's	's	PART
ftr-442	22	9	distributive	distributive	ADJ
ftr-442	22	10	share	share	NOUN
ftr-442	22	11	of	of	ADP
ftr-442	22	12	each	each	DET
ftr-442	22	13	item	item	NOUN
ftr-442	22	14	of	of	ADP
ftr-442	22	15	income	income	NOUN
ftr-442	22	16	,	,	PUNCT
ftr-442	22	17	deduction	deduction	NOUN
ftr-442	22	18	,	,	PUNCT
ftr-442	22	19	or	or	CCONJ
ftr-442	22	20	credit	credit	NOUN
ftr-442	22	21	was	be	AUX
ftr-442	22	22	usually	usually	ADV
ftr-442	22	23	determined	determine	VERB
ftr-442	22	24	by	by	ADP
ftr-442	22	25	the	the	DET
ftr-442	22	26	partnership	partnership	NOUN
ftr-442	22	27	agreement	agreement	NOUN
ftr-442	22	28	,	,	PUNCT
ftr-442	22	29	as	as	SCONJ
ftr-442	22	30	it	it	PRON
ftr-442	22	31	might	might	AUX
ftr-442	22	32	be	be	AUX
ftr-442	22	33	modified	modify	VERB
ftr-442	22	34	at	at	ADP
ftr-442	22	35	anytime	anytime	ADV
ftr-442	22	36	before	before	ADP
ftr-442	22	37	the	the	DET
ftr-442	22	38	due	due	ADJ
ftr-442	22	39	date	date	NOUN
ftr-442	22	40	of	of	ADP
ftr-442	22	41	the	the	DET
ftr-442	22	42	partnership	partnership	NOUN
ftr-442	22	43	's	's	PART
ftr-442	22	44	return	return	NOUN
ftr-442	22	45	,	,	PUNCT
ftr-442	22	46	but	but	CCONJ
ftr-442	22	47	if	if	SCONJ
ftr-442	22	48	the	the	DET
ftr-442	22	49	agreement	agreement	NOUN
ftr-442	22	50	for	for	ADP
ftr-442	22	51	the	the	DET
ftr-442	22	52	allocation	allocation	NOUN
ftr-442	22	53	of	of	ADP
ftr-442	22	54	any	any	DET
ftr-442	22	55	item	item	NOUN
ftr-442	22	56	was	be	AUX
ftr-442	22	57	infected	infect	VERB
ftr-442	22	58	with	with	ADP
ftr-442	22	59	a	a	DET
ftr-442	22	60	principal	principal	ADJ
ftr-442	22	61	purpose	purpose	NOUN
ftr-442	22	62	to	to	PART
ftr-442	22	63	avoid	avoid	VERB
ftr-442	22	64	tax	tax	NOUN
ftr-442	22	65	,	,	PUNCT
ftr-442	22	66	the	the	DET
ftr-442	22	67	item	item	NOUN
ftr-442	22	68	had	have	VERB
ftr-442	22	69	to	to	PART
ftr-442	22	70	be	be	AUX
ftr-442	22	71	allocated	allocate	VERB
ftr-442	22	72	in	in	ADP
ftr-442	22	73	the	the	DET
ftr-442	22	74	proportions	proportion	NOUN
ftr-442	22	75	that	that	PRON
ftr-442	22	76	the	the	DET
ftr-442	22	77	partners	partner	NOUN
ftr-442	22	78	shared	share	VERB
ftr-442	22	79	overall	overall	ADJ
ftr-442	22	80	taxable	taxable	ADJ
ftr-442	22	81	income.2	income.2	NOUN
ftr-442	22	82	although	although	SCONJ
ftr-442	22	83	property	property	NOUN
ftr-442	22	84	could	could	AUX
ftr-442	22	85	generally	generally	ADV
ftr-442	22	86	be	be	AUX
ftr-442	22	87	contributed	contribute	VERB
ftr-442	22	88	to	to	ADP
ftr-442	22	89	or	or	CCONJ
ftr-442	22	90	distributed	distribute	VERB
ftr-442	22	91	from	from	ADP
ftr-442	22	92	a	a	DET
ftr-442	22	93	partnership	partnership	NOUN
ftr-442	22	94	without	without	ADP
ftr-442	22	95	causing	cause	VERB
ftr-442	22	96	the	the	DET
ftr-442	22	97	partnership	partnership	NOUN
ftr-442	22	98	or	or	CCONJ
ftr-442	22	99	any	any	DET
ftr-442	22	100	partner	partner	NOUN
ftr-442	22	101	to	to	PART
ftr-442	22	102	recognize	recognize	VERB
ftr-442	22	103	gain,3	gain,3	NOUN
ftr-442	22	104	a	a	DET
ftr-442	22	105	distribution	distribution	NOUN
ftr-442	22	106	was	be	AUX
ftr-442	22	107	treated	treat	VERB
ftr-442	22	108	as	as	ADP
ftr-442	22	109	a	a	DET
ftr-442	22	110	taxable	taxable	ADJ
ftr-442	22	111	sale	sale	NOUN
ftr-442	22	112	,	,	PUNCT
ftr-442	22	113	at	at	ADP
ftr-442	22	114	least	least	ADJ
ftr-442	22	115	in	in	ADP
ftr-442	22	116	part	part	NOUN
ftr-442	22	117	,	,	PUNCT
ftr-442	22	118	if	if	SCONJ
ftr-442	22	119	it	it	PRON
ftr-442	22	120	altered	alter	VERB
ftr-442	22	121	the	the	DET
ftr-442	22	122	partner	partner	NOUN
ftr-442	22	123	's	's	PART
ftr-442	22	124	proportionate	proportionate	ADJ
ftr-442	22	125	interests	interest	NOUN
ftr-442	22	126	in	in	ADP
ftr-442	22	127	unrealized	unrealized	ADJ
ftr-442	22	128	receivables	receivables	NOUN
ftr-442	22	129	or	or	CCONJ
ftr-442	22	130	substantially	substantially	ADV
ftr-442	22	131	appreciated	appreciate	VERB
ftr-442	22	132	inventory.4	inventory.4	PROPN
ftr-442	22	133	subchapter	subchapter	NOUN
ftr-442	22	134	k	k	PROPN
ftr-442	22	135	has	have	AUX
ftr-442	22	136	been	be	AUX
ftr-442	22	137	amended	amend	VERB
ftr-442	22	138	repeatedly	repeatedly	ADV
ftr-442	22	139	since	since	SCONJ
ftr-442	22	140	1954	1954	NUM
ftr-442	22	141	.	.	PUNCT
ftr-442	23	1	over	over	ADP
ftr-442	23	2	the	the	DET
ftr-442	23	3	last	last	ADJ
ftr-442	23	4	25	25	NUM
ftr-442	23	5	years	year	NOUN
ftr-442	23	6	,	,	PUNCT
ftr-442	23	7	nearly	nearly	ADV
ftr-442	23	8	every	every	PRON
ftr-442	23	9	substantial	substantial	ADJ
ftr-442	23	10	revenue	revenue	NOUN
ftr-442	23	11	act	act	NOUN
ftr-442	23	12	has	have	AUX
ftr-442	23	13	contained	contain	VERB
ftr-442	23	14	significant	significant	ADJ
ftr-442	23	15	changes	change	NOUN
ftr-442	23	16	to	to	PART
ftr-442	23	17	subchapter	subchapter	VERB
ftr-442	23	18	k.	k.	NOUN
ftr-442	24	1	although	although	SCONJ
ftr-442	24	2	these	these	DET
ftr-442	24	3	amendments	amendment	NOUN
ftr-442	24	4	responded	respond	VERB
ftr-442	24	5	to	to	ADP
ftr-442	24	6	a	a	DET
ftr-442	24	7	variety	variety	NOUN
ftr-442	24	8	of	of	ADP
ftr-442	24	9	emerging	emerge	VERB
ftr-442	24	10	problems	problem	NOUN
ftr-442	24	11	and	and	CCONJ
ftr-442	24	12	issues	issue	NOUN
ftr-442	24	13	,	,	PUNCT
ftr-442	24	14	one	one	NUM
ftr-442	24	15	theme	theme	NOUN
ftr-442	24	16	underlies	underlie	VERB
ftr-442	24	17	a	a	DET
ftr-442	24	18	large	large	ADJ
ftr-442	24	19	majority	majority	NOUN
ftr-442	24	20	of	of	ADP
ftr-442	24	21	them	they	PRON
ftr-442	24	22	:	:	PUNCT
ftr-442	24	23	the	the	DET
ftr-442	24	24	flexibility	flexibility	NOUN
ftr-442	24	25	of	of	ADP
ftr-442	24	26	the	the	DET
ftr-442	24	27	original	original	ADJ
ftr-442	24	28	conduit	conduit	NOUN
ftr-442	24	29	model	model	NOUN
ftr-442	24	30	facilitated	facilitate	VERB
ftr-442	24	31	devices	device	NOUN
ftr-442	24	32	to	to	PART
ftr-442	24	33	shift	shift	VERB
ftr-442	24	34	income	income	NOUN
ftr-442	24	35	,	,	PUNCT
ftr-442	24	36	deductions	deduction	NOUN
ftr-442	24	37	,	,	PUNCT
ftr-442	24	38	and	and	CCONJ
ftr-442	24	39	other	other	ADJ
ftr-442	24	40	tax	tax	NOUN
ftr-442	24	41	attributes	attribute	NOUN
ftr-442	24	42	from	from	ADP
ftr-442	24	43	partner	partner	NOUN
ftr-442	24	44	to	to	ADP
ftr-442	24	45	partner	partner	NOUN
ftr-442	24	46	and	and	CCONJ
ftr-442	24	47	from	from	ADP
ftr-442	24	48	property	property	NOUN
ftr-442	24	49	to	to	ADP
ftr-442	24	50	property	property	NOUN
ftr-442	24	51	in	in	ADP
ftr-442	24	52	ways	way	NOUN
ftr-442	24	53	that	that	PRON
ftr-442	24	54	congress	congress	PROPN
ftr-442	24	55	found	find	VERB
ftr-442	24	56	unacceptable	unacceptable	ADJ
ftr-442	24	57	.	.	PUNCT
ftr-442	25	1	the	the	DET
ftr-442	25	2	original	original	ADJ
ftr-442	25	3	conception	conception	NOUN
ftr-442	25	4	of	of	ADP
ftr-442	25	5	subchapter	subchapter	NOUN
ftr-442	25	6	k	k	NOUN
ftr-442	25	7	-	-	NOUN
ftr-442	25	8	flexibility	flexibility	NOUN
ftr-442	25	9	with	with	ADP
ftr-442	25	10	some	some	DET
ftr-442	25	11	limitations	limitation	NOUN
ftr-442	25	12	-	-	PUNCT
ftr-442	25	13	has	have	AUX
ftr-442	25	14	thus	thus	ADV
ftr-442	25	15	become	become	VERB
ftr-442	25	16	encrusted	encrusted	ADJ
ftr-442	25	17	with	with	ADP
ftr-442	25	18	more	more	ADJ
ftr-442	25	19	and	and	CCONJ
ftr-442	25	20	more	more	ADJ
ftr-442	25	21	limitations	limitation	NOUN
ftr-442	25	22	.	.	PUNCT
ftr-442	26	1	5	5	NUM
ftr-442	26	2	this	this	DET
ftr-442	26	3	congressional	congressional	ADJ
ftr-442	26	4	activity	activity	NOUN
ftr-442	26	5	has	have	AUX
ftr-442	26	6	been	be	AUX
ftr-442	26	7	mirrored	mirror	VERB
ftr-442	26	8	and	and	CCONJ
ftr-442	26	9	magnified	magnify	VERB
ftr-442	26	10	in	in	ADP
ftr-442	26	11	the	the	DET
ftr-442	26	12	development	development	NOUN
ftr-442	26	13	of	of	ADP
ftr-442	26	14	regulations	regulation	NOUN
ftr-442	26	15	under	under	ADP
ftr-442	26	16	subchapter	subchapter	NOUN
ftr-442	26	17	k.	k.	PROPN
ftr-442	26	18	in	in	ADP
ftr-442	26	19	1976	1976	NUM
ftr-442	26	20	,	,	PUNCT
ftr-442	26	21	congress	congress	PROPN
ftr-442	26	22	amended	amend	VERB
ftr-442	26	23	the	the	DET
ftr-442	26	24	rule	rule	NOUN
ftr-442	26	25	on	on	ADP
ftr-442	26	26	allocations	allocation	NOUN
ftr-442	26	27	of	of	ADP
ftr-442	26	28	income	income	NOUN
ftr-442	26	29	,	,	PUNCT
ftr-442	26	30	deductions	deduction	NOUN
ftr-442	26	31	,	,	PUNCT
ftr-442	26	32	and	and	CCONJ
ftr-442	26	33	credits	credit	NOUN
ftr-442	26	34	to	to	PART
ftr-442	26	35	deny	deny	VERB
ftr-442	26	36	effect	effect	NOUN
ftr-442	26	37	to	to	ADP
ftr-442	26	38	any	any	DET
ftr-442	26	39	allocation	allocation	NOUN
ftr-442	26	40	agreement	agreement	NOUN
ftr-442	26	41	that	that	PRON
ftr-442	26	42	"	"	PUNCT
ftr-442	26	43	does	do	AUX
ftr-442	26	44	not	not	PART
ftr-442	26	45	have	have	VERB
ftr-442	26	46	substantial	substantial	ADJ
ftr-442	26	47	economic	economic	ADJ
ftr-442	26	48	effect	effect	NOUN
ftr-442	26	49	.	.	PUNCT
ftr-442	27	1	"6	"6	VERB
ftr-442	27	2	the	the	DET
ftr-442	27	3	treasury	treasury	NOUN
ftr-442	27	4	responded	respond	VERB
ftr-442	27	5	with	with	ADP
ftr-442	27	6	regulations	regulation	NOUN
ftr-442	27	7	interpreting	interpret	VERB
ftr-442	27	8	the	the	DET
ftr-442	27	9	quoted	quote	VERB
ftr-442	27	10	words	word	NOUN
ftr-442	28	1	that	that	SCONJ
ftr-442	28	2	1	1	X
ftr-442	28	3	.	.	X
ftr-442	28	4	see	see	PROPN
ftr-442	28	5	h.r	h.r	PROPN
ftr-442	28	6	.	.	PROPN
ftr-442	28	7	rep	rep	PROPN
ftr-442	28	8	.	.	PROPN
ftr-442	28	9	no	no	PROPN
ftr-442	28	10	.	.	NOUN
ftr-442	28	11	1337	1337	NUM
ftr-442	28	12	,	,	PUNCT
ftr-442	28	13	83d	83d	X
ftr-442	28	14	cong	cong	PROPN
ftr-442	28	15	.	.	PROPN
ftr-442	28	16	,	,	PUNCT
ftr-442	28	17	2d	2d	PROPN
ftr-442	28	18	sess	sess	NOUN
ftr-442	28	19	.	.	PUNCT
ftr-442	29	1	65	65	NUM
ftr-442	29	2	(	(	PUNCT
ftr-442	29	3	1954	1954	NUM
ftr-442	29	4	)	)	PUNCT
ftr-442	29	5	(	(	PUNCT
ftr-442	29	6	subchapter	subchapter	NOUN
ftr-442	29	7	k	k	PROPN
ftr-442	29	8	intended	intend	VERB
ftr-442	29	9	to	to	PART
ftr-442	29	10	provide	provide	VERB
ftr-442	29	11	"	"	PUNCT
ftr-442	29	12	simplicity	simplicity	NOUN
ftr-442	29	13	,	,	PUNCT
ftr-442	29	14	flexibility	flexibility	NOUN
ftr-442	29	15	,	,	PUNCT
ftr-442	29	16	and	and	CCONJ
ftr-442	29	17	equity	equity	NOUN
ftr-442	29	18	as	as	ADP
ftr-442	29	19	between	between	ADP
ftr-442	29	20	the	the	DET
ftr-442	29	21	partners	partner	NOUN
ftr-442	29	22	.	.	PUNCT
ftr-442	30	1	"	"	PUNCT
ftr-442	30	2	)	)	PUNCT
ftr-442	30	3	.	.	PUNCT
ftr-442	31	1	2	2	X
ftr-442	31	2	.	.	X
ftr-442	31	3	see	see	VERB
ftr-442	31	4	irc	irc	PROPN
ftr-442	31	5	§	§	PROPN
ftr-442	31	6	§	§	PROPN
ftr-442	31	7	704(a	704(a	PROPN
ftr-442	31	8	)	)	PUNCT
ftr-442	31	9	,	,	PUNCT
ftr-442	31	10	(	(	PUNCT
ftr-442	31	11	b	b	X
ftr-442	31	12	)	)	PUNCT
ftr-442	31	13	,	,	PUNCT
ftr-442	31	14	761(c	761(c	NOUN
ftr-442	31	15	)	)	PUNCT
ftr-442	31	16	(	(	PUNCT
ftr-442	31	17	before	before	ADP
ftr-442	31	18	amendment	amendment	NOUN
ftr-442	31	19	in	in	ADP
ftr-442	31	20	1976	1976	NUM
ftr-442	31	21	)	)	PUNCT
ftr-442	31	22	.	.	PUNCT
ftr-442	32	1	3	3	X
ftr-442	32	2	.	.	X
ftr-442	32	3	see	see	VERB
ftr-442	32	4	irc	irc	PROPN
ftr-442	32	5	§	§	PROPN
ftr-442	32	6	§	§	PROPN
ftr-442	32	7	721,731	721,731	NUM
ftr-442	32	8	.	.	PUNCT
ftr-442	33	1	4	4	X
ftr-442	33	2	.	.	X
ftr-442	33	3	see	see	VERB
ftr-442	33	4	irc	irc	PROPN
ftr-442	33	5	§	§	PROPN
ftr-442	33	6	751(b	751(b	PROPN
ftr-442	33	7	)	)	PUNCT
ftr-442	33	8	.	.	PUNCT
ftr-442	34	1	5	5	X
ftr-442	34	2	.	.	X
ftr-442	34	3	see	see	VERB
ftr-442	34	4	jeffrey	jeffrey	PROPN
ftr-442	34	5	l.	l.	PROPN
ftr-442	34	6	kwall	kwall	PROPN
ftr-442	34	7	,	,	PUNCT
ftr-442	34	8	taxing	tax	VERB
ftr-442	34	9	private	private	ADJ
ftr-442	34	10	enterprise	enterprise	NOUN
ftr-442	34	11	in	in	ADP
ftr-442	34	12	the	the	DET
ftr-442	34	13	new	new	ADJ
ftr-442	34	14	millennium	millennium	NOUN
ftr-442	34	15	,	,	PUNCT
ftr-442	34	16	51	51	NUM
ftr-442	34	17	tax	tax	NOUN
ftr-442	34	18	law	law	NOUN
ftr-442	34	19	.	.	PUNCT
ftr-442	35	1	229	229	NUM
ftr-442	35	2	,	,	PUNCT
ftr-442	35	3	237	237	NUM
ftr-442	35	4	(	(	PUNCT
ftr-442	35	5	1998	1998	NUM
ftr-442	35	6	)	)	PUNCT
ftr-442	35	7	(	(	PUNCT
ftr-442	35	8	"	"	PUNCT
ftr-442	35	9	since	since	SCONJ
ftr-442	35	10	the	the	DET
ftr-442	35	11	early	early	ADJ
ftr-442	35	12	1980s	1980s	NUM
ftr-442	35	13	,	,	PUNCT
ftr-442	35	14	a	a	DET
ftr-442	35	15	seemingly	seemingly	ADV
ftr-442	35	16	endless	endless	ADJ
ftr-442	35	17	series	series	NOUN
ftr-442	35	18	of	of	ADP
ftr-442	35	19	legislative	legislative	ADJ
ftr-442	35	20	fixes	fix	NOUN
ftr-442	35	21	have	have	AUX
ftr-442	35	22	endeavored	endeavor	VERB
ftr-442	35	23	to	to	PART
ftr-442	35	24	forestall	forestall	VERB
ftr-442	35	25	tax	tax	NOUN
ftr-442	35	26	avoidance	avoidance	NOUN
ftr-442	35	27	at	at	ADP
ftr-442	35	28	the	the	DET
ftr-442	35	29	cost	cost	NOUN
ftr-442	35	30	of	of	ADP
ftr-442	35	31	dramatically	dramatically	ADV
ftr-442	35	32	complicating	complicate	VERB
ftr-442	35	33	subchapter	subchapter	NOUN
ftr-442	35	34	k.	k.	NOUN
ftr-442	35	35	"	"	PUNCT
ftr-442	35	36	)	)	PUNCT
ftr-442	35	37	.	.	PUNCT
ftr-442	36	1	6	6	X
ftr-442	36	2	.	.	X
ftr-442	36	3	tax	tax	NOUN
ftr-442	36	4	reform	reform	PROPN
ftr-442	36	5	act	act	NOUN
ftr-442	36	6	of	of	ADP
ftr-442	36	7	1976	1976	NUM
ftr-442	36	8	,	,	PUNCT
ftr-442	36	9	pub	pub	NOUN
ftr-442	36	10	.	.	PUNCT
ftr-442	37	1	l.	l.	PROPN
ftr-442	37	2	no	no	INTJ
ftr-442	37	3	.	.	PROPN
ftr-442	38	1	94	94	NUM
ftr-442	38	2	-	-	SYM
ftr-442	38	3	455	455	NUM
ftr-442	38	4	,	,	PUNCT
ftr-442	38	5	§	§	PROPN
ftr-442	38	6	213(d	213(d	PROPN
ftr-442	38	7	)	)	PUNCT
ftr-442	38	8	,	,	PUNCT
ftr-442	38	9	90	90	NUM
ftr-442	38	10	stat	stat	NOUN
ftr-442	38	11	.	.	PUNCT
ftr-442	39	1	1520	1520	NUM
ftr-442	39	2	,	,	PUNCT
ftr-442	39	3	1548	1548	NUM
ftr-442	39	4	(	(	PUNCT
ftr-442	39	5	1976	1976	NUM
ftr-442	39	6	)	)	PUNCT
ftr-442	39	7	.	.	PUNCT
ftr-442	40	1	[	[	X
ftr-442	40	2	vol	vol	NOUN
ftr-442	40	3	4:3	4:3	NUM
ftr-442	40	4	taxation	taxation	NOUN
ftr-442	40	5	of	of	ADP
ftr-442	40	6	private	private	ADJ
ftr-442	40	7	business	business	NOUN
ftr-442	40	8	firms	firm	NOUN
ftr-442	40	9	are	be	AUX
ftr-442	40	10	prodigiously	prodigiously	ADV
ftr-442	40	11	,	,	PUNCT
ftr-442	40	12	even	even	ADV
ftr-442	40	13	frighteningly	frighteningly	ADV
ftr-442	40	14	complex	complex	ADJ
ftr-442	40	15	,	,	PUNCT
ftr-442	40	16	and	and	CCONJ
ftr-442	40	17	these	these	DET
ftr-442	40	18	regulations	regulation	NOUN
ftr-442	40	19	have	have	AUX
ftr-442	40	20	required	require	VERB
ftr-442	40	21	repeated	repeat	VERB
ftr-442	40	22	supplementation	supplementation	NOUN
ftr-442	40	23	and	and	CCONJ
ftr-442	40	24	amendment	amendment	NOUN
ftr-442	40	25	,	,	PUNCT
ftr-442	40	26	most	most	ADJ
ftr-442	40	27	of	of	ADP
ftr-442	40	28	which	which	PRON
ftr-442	40	29	increased	increase	VERB
ftr-442	40	30	their	their	PRON
ftr-442	40	31	complexity	complexity	NOUN
ftr-442	40	32	.	.	PUNCT
ftr-442	41	1	in	in	ADP
ftr-442	41	2	1984	1984	NUM
ftr-442	41	3	,	,	PUNCT
ftr-442	41	4	congress	congress	PROPN
ftr-442	41	5	restricted	restrict	VERB
ftr-442	41	6	partners	partner	NOUN
ftr-442	41	7	'	'	PART
ftr-442	41	8	flexibility	flexibility	NOUN
ftr-442	41	9	in	in	ADP
ftr-442	41	10	allocating	allocate	VERB
ftr-442	41	11	income	income	NOUN
ftr-442	41	12	and	and	CCONJ
ftr-442	41	13	deductions	deduction	NOUN
ftr-442	41	14	from	from	ADP
ftr-442	41	15	property	property	NOUN
ftr-442	41	16	contributed	contribute	VERB
ftr-442	41	17	by	by	ADP
ftr-442	41	18	partners	partner	NOUN
ftr-442	41	19	to	to	ADP
ftr-442	41	20	the	the	DET
ftr-442	41	21	partnership	partnership	NOUN
ftr-442	41	22	these	these	DET
ftr-442	41	23	restrictions	restriction	NOUN
ftr-442	41	24	were	be	AUX
ftr-442	41	25	tightened	tighten	VERB
ftr-442	41	26	by	by	ADP
ftr-442	41	27	statutory	statutory	ADJ
ftr-442	41	28	amendments	amendment	NOUN
ftr-442	41	29	in	in	ADP
ftr-442	41	30	1989	1989	NUM
ftr-442	41	31	and	and	CCONJ
ftr-442	41	32	1997	1997	NUM
ftr-442	41	33	and	and	CCONJ
ftr-442	41	34	spawned	spawn	VERB
ftr-442	41	35	gargantuan	gargantuan	ADJ
ftr-442	41	36	regulations	regulation	NOUN
ftr-442	41	37	,	,	PUNCT
ftr-442	41	38	which	which	PRON
ftr-442	41	39	have	have	AUX
ftr-442	41	40	also	also	ADV
ftr-442	41	41	required	require	VERB
ftr-442	41	42	several	several	ADJ
ftr-442	41	43	amendments.9	amendments.9	NOUN
ftr-442	41	44	the	the	DET
ftr-442	41	45	treasury	treasury	NOUN
ftr-442	41	46	has	have	AUX
ftr-442	41	47	found	find	VERB
ftr-442	41	48	it	it	PRON
ftr-442	41	49	necessary	necessary	ADJ
ftr-442	41	50	to	to	PART
ftr-442	41	51	issue	issue	VERB
ftr-442	41	52	detailed	detailed	ADJ
ftr-442	41	53	regulations	regulation	NOUN
ftr-442	41	54	under	under	ADP
ftr-442	41	55	many	many	ADJ
ftr-442	41	56	other	other	ADJ
ftr-442	41	57	provisions	provision	NOUN
ftr-442	41	58	of	of	ADP
ftr-442	41	59	subchapter	subchapter	NOUN
ftr-442	41	60	k	k	PROPN
ftr-442	41	61	,	,	PUNCT
ftr-442	41	62	either	either	CCONJ
ftr-442	41	63	as	as	SCONJ
ftr-442	41	64	enacted	enact	VERB
ftr-442	41	65	in	in	ADP
ftr-442	41	66	1954	1954	NUM
ftr-442	41	67	or	or	CCONJ
ftr-442	41	68	as	as	SCONJ
ftr-442	41	69	added	add	VERB
ftr-442	41	70	or	or	CCONJ
ftr-442	41	71	amended	amend	VERB
ftr-442	41	72	since	since	SCONJ
ftr-442	41	73	1954	1954	NUM
ftr-442	41	74	,	,	PUNCT
ftr-442	41	75	in	in	ADP
ftr-442	41	76	order	order	NOUN
ftr-442	41	77	to	to	PART
ftr-442	41	78	mark	mark	VERB
ftr-442	41	79	the	the	DET
ftr-442	41	80	bounds	bound	NOUN
ftr-442	41	81	of	of	ADP
ftr-442	41	82	just	just	ADV
ftr-442	41	83	what	what	PRON
ftr-442	41	84	partners	partner	NOUN
ftr-442	41	85	can	can	AUX
ftr-442	41	86	and	and	CCONJ
ftr-442	41	87	can	can	AUX
ftr-442	41	88	not	not	PART
ftr-442	41	89	do	do	VERB
ftr-442	41	90	with	with	ADP
ftr-442	41	91	respect	respect	NOUN
ftr-442	41	92	to	to	ADP
ftr-442	41	93	a	a	DET
ftr-442	41	94	broad	broad	ADJ
ftr-442	41	95	range	range	NOUN
ftr-442	41	96	of	of	ADP
ftr-442	41	97	partnership	partnership	NOUN
ftr-442	41	98	transactions	transaction	NOUN
ftr-442	41	99	.	.	PUNCT
ftr-442	42	1	one	one	NUM
ftr-442	42	2	of	of	ADP
ftr-442	42	3	the	the	DET
ftr-442	42	4	more	more	ADV
ftr-442	42	5	striking	striking	ADJ
ftr-442	42	6	,	,	PUNCT
ftr-442	42	7	and	and	CCONJ
ftr-442	42	8	for	for	ADP
ftr-442	42	9	many	many	ADJ
ftr-442	42	10	the	the	DET
ftr-442	42	11	most	most	ADV
ftr-442	42	12	troubling	troubling	ADJ
ftr-442	42	13	,	,	PUNCT
ftr-442	42	14	of	of	ADP
ftr-442	42	15	the	the	DET
ftr-442	42	16	accumulations	accumulation	NOUN
ftr-442	42	17	of	of	ADP
ftr-442	42	18	complexity	complexity	NOUN
ftr-442	42	19	is	be	AUX
ftr-442	42	20	an	an	DET
ftr-442	42	21	anti	anti	ADJ
ftr-442	42	22	-	-	ADJ
ftr-442	42	23	abuse	abuse	ADJ
ftr-442	42	24	rule	rule	NOUN
ftr-442	42	25	,	,	PUNCT
ftr-442	42	26	adopted	adopt	VERB
ftr-442	42	27	by	by	ADP
ftr-442	42	28	regulation	regulation	NOUN
ftr-442	42	29	in	in	ADP
ftr-442	42	30	1994	1994	NUM
ftr-442	42	31	,	,	PUNCT
ftr-442	42	32	which	which	PRON
ftr-442	42	33	allows	allow	VERB
ftr-442	42	34	the	the	DET
ftr-442	42	35	irs	irs	PROPN
ftr-442	42	36	to	to	PART
ftr-442	42	37	"	"	PUNCT
ftr-442	42	38	recast	recast	VERB
ftr-442	42	39	"	"	PUNCT
ftr-442	42	40	a	a	DET
ftr-442	42	41	transaction	transaction	NOUN
ftr-442	42	42	for	for	ADP
ftr-442	42	43	federal	federal	ADJ
ftr-442	42	44	tax	tax	NOUN
ftr-442	42	45	purposes	purpose	NOUN
ftr-442	42	46	if	if	SCONJ
ftr-442	42	47	"	"	PUNCT
ftr-442	42	48	a	a	DET
ftr-442	42	49	partnership	partnership	NOUN
ftr-442	42	50	is	be	AUX
ftr-442	42	51	formed	form	VERB
ftr-442	42	52	or	or	CCONJ
ftr-442	42	53	availed	avail	VERB
ftr-442	42	54	of	of	ADP
ftr-442	42	55	in	in	ADP
ftr-442	42	56	connection	connection	NOUN
ftr-442	42	57	with	with	ADP
ftr-442	42	58	a	a	DET
ftr-442	42	59	transaction	transaction	NOUN
ftr-442	42	60	a	a	DET
ftr-442	42	61	principal	principal	ADJ
ftr-442	42	62	purpose	purpose	NOUN
ftr-442	42	63	of	of	ADP
ftr-442	42	64	which	which	PRON
ftr-442	42	65	is	be	AUX
ftr-442	42	66	to	to	PART
ftr-442	42	67	reduce	reduce	VERB
ftr-442	42	68	substantially	substantially	ADV
ftr-442	42	69	the	the	DET
ftr-442	42	70	present	present	ADJ
ftr-442	42	71	value	value	NOUN
ftr-442	42	72	of	of	ADP
ftr-442	42	73	the	the	DET
ftr-442	42	74	partners	partner	NOUN
ftr-442	42	75	'	'	PART
ftr-442	42	76	aggregate	aggregate	ADJ
ftr-442	42	77	federal	federal	ADJ
ftr-442	42	78	tax	tax	NOUN
ftr-442	42	79	liability	liability	NOUN
ftr-442	42	80	in	in	ADP
ftr-442	42	81	a	a	DET
ftr-442	42	82	manner	manner	NOUN
ftr-442	42	83	that	that	PRON
ftr-442	42	84	is	be	AUX
ftr-442	42	85	inconsistent	inconsistent	ADJ
ftr-442	42	86	with	with	ADP
ftr-442	42	87	the	the	DET
ftr-442	42	88	intent	intent	NOUN
ftr-442	42	89	of	of	ADP
ftr-442	42	90	subchapter	subchapter	NOUN
ftr-442	42	91	k.	k.	PROPN
ftr-442	42	92	"'0	"'0	PUNCT
ftr-442	42	93	this	this	DET
ftr-442	42	94	recasting	recast	VERB
ftr-442	42	95	is	be	AUX
ftr-442	42	96	possible	possible	ADJ
ftr-442	42	97	,	,	PUNCT
ftr-442	42	98	even	even	ADV
ftr-442	42	99	if	if	SCONJ
ftr-442	42	100	the	the	DET
ftr-442	42	101	transaction	transaction	NOUN
ftr-442	42	102	"	"	PUNCT
ftr-442	42	103	fall[s	fall[s	NOUN
ftr-442	42	104	]	]	PUNCT
ftr-442	42	105	within	within	ADP
ftr-442	42	106	the	the	DET
ftr-442	42	107	literal	literal	ADJ
ftr-442	42	108	words	word	NOUN
ftr-442	42	109	of	of	ADP
ftr-442	42	110	a	a	DET
ftr-442	42	111	particular	particular	ADJ
ftr-442	42	112	statutory	statutory	ADJ
ftr-442	42	113	or	or	CCONJ
ftr-442	42	114	regulatory	regulatory	ADJ
ftr-442	42	115	provision	provision	NOUN
ftr-442	42	116	.	.	PUNCT
ftr-442	43	1	"	"	PUNCT
ftr-442	43	2	"	"	PUNCT
ftr-442	43	3	although	although	SCONJ
ftr-442	43	4	the	the	DET
ftr-442	43	5	anti	anti	ADJ
ftr-442	43	6	-	-	ADJ
ftr-442	43	7	abuse	abuse	ADJ
ftr-442	43	8	regulation	regulation	NOUN
ftr-442	43	9	is	be	AUX
ftr-442	43	10	not	not	PART
ftr-442	43	11	complex	complex	ADJ
ftr-442	43	12	in	in	ADP
ftr-442	43	13	the	the	DET
ftr-442	43	14	sense	sense	NOUN
ftr-442	43	15	of	of	ADP
ftr-442	43	16	requiring	require	VERB
ftr-442	43	17	taxpayers	taxpayer	NOUN
ftr-442	43	18	to	to	PART
ftr-442	43	19	fathom	fathom	VERB
ftr-442	43	20	lengthy	lengthy	ADJ
ftr-442	43	21	and	and	CCONJ
ftr-442	43	22	dense	dense	ADJ
ftr-442	43	23	recitations	recitation	NOUN
ftr-442	43	24	of	of	ADP
ftr-442	43	25	rules	rule	NOUN
ftr-442	43	26	and	and	CCONJ
ftr-442	43	27	exceptions	exception	NOUN
ftr-442	43	28	to	to	ADP
ftr-442	43	29	the	the	DET
ftr-442	43	30	rule	rule	NOUN
ftr-442	43	31	,	,	PUNCT
ftr-442	43	32	its	its	PRON
ftr-442	43	33	indefiniteness	indefiniteness	NOUN
ftr-442	43	34	probably	probably	ADV
ftr-442	43	35	causes	cause	VERB
ftr-442	43	36	it	it	PRON
ftr-442	43	37	to	to	PART
ftr-442	43	38	be	be	AUX
ftr-442	43	39	more	more	ADV
ftr-442	43	40	complex	complex	ADJ
ftr-442	43	41	in	in	ADP
ftr-442	43	42	application	application	NOUN
ftr-442	43	43	than	than	ADP
ftr-442	43	44	the	the	DET
ftr-442	43	45	most	most	ADV
ftr-442	43	46	tangled	tangled	ADJ
ftr-442	43	47	web	web	NOUN
ftr-442	43	48	of	of	ADP
ftr-442	43	49	verbiage	verbiage	NOUN
ftr-442	43	50	.	.	PUNCT
ftr-442	43	51	'	'	PUNCT
ftr-442	44	1	the	the	DET
ftr-442	44	2	cumulative	cumulative	ADJ
ftr-442	44	3	result	result	NOUN
ftr-442	44	4	of	of	ADP
ftr-442	44	5	all	all	PRON
ftr-442	44	6	of	of	ADP
ftr-442	44	7	this	this	DET
ftr-442	44	8	legislative	legislative	ADJ
ftr-442	44	9	and	and	CCONJ
ftr-442	44	10	administrative	administrative	ADJ
ftr-442	44	11	activity	activity	NOUN
ftr-442	44	12	is	be	AUX
ftr-442	44	13	a	a	DET
ftr-442	44	14	system	system	NOUN
ftr-442	44	15	of	of	ADP
ftr-442	44	16	such	such	ADJ
ftr-442	44	17	complexity	complexity	NOUN
ftr-442	44	18	that	that	SCONJ
ftr-442	44	19	full	full	ADJ
ftr-442	44	20	compliance	compliance	NOUN
ftr-442	44	21	is	be	AUX
ftr-442	44	22	only	only	ADV
ftr-442	44	23	theoretically	theoretically	ADV
ftr-442	44	24	possible	possible	ADJ
ftr-442	44	25	.	.	PUNCT
ftr-442	44	26	'3	'3	NOUN
ftr-442	44	27	if	if	SCONJ
ftr-442	44	28	partners	partner	NOUN
ftr-442	44	29	'	'	PART
ftr-442	44	30	contributions	contribution	NOUN
ftr-442	44	31	are	be	AUX
ftr-442	44	32	only	only	ADV
ftr-442	44	33	in	in	ADP
ftr-442	44	34	cash	cash	NOUN
ftr-442	44	35	,	,	PUNCT
ftr-442	44	36	partnership	partnership	NOUN
ftr-442	44	37	distributions	distribution	NOUN
ftr-442	44	38	consist	consist	VERB
ftr-442	44	39	solely	solely	ADV
ftr-442	44	40	of	of	ADP
ftr-442	44	41	cash	cash	NOUN
ftr-442	44	42	,	,	PUNCT
ftr-442	44	43	and	and	CCONJ
ftr-442	44	44	each	each	DET
ftr-442	44	45	partner	partner	NOUN
ftr-442	44	46	has	have	VERB
ftr-442	44	47	the	the	DET
ftr-442	44	48	same	same	ADJ
ftr-442	44	49	7	7	NUM
ftr-442	44	50	.	.	PUNCT
ftr-442	44	51	regs	reg	NOUN
ftr-442	44	52	.	.	PUNCT
ftr-442	45	1	§	§	PROPN
ftr-442	45	2	§	§	PROPN
ftr-442	45	3	1.704	1.704	NUM
ftr-442	45	4	-	-	SYM
ftr-442	45	5	1	1	NUM
ftr-442	45	6	(	(	PUNCT
ftr-442	45	7	as	as	SCONJ
ftr-442	45	8	amended	amend	VERB
ftr-442	45	9	by	by	ADP
ftr-442	45	10	t.d	t.d	PROPN
ftr-442	45	11	.	.	PROPN
ftr-442	45	12	8099	8099	NUM
ftr-442	45	13	,	,	PUNCT
ftr-442	45	14	1986	1986	NUM
ftr-442	45	15	-	-	SYM
ftr-442	45	16	2	2	NUM
ftr-442	45	17	c.b	c.b	PROPN
ftr-442	45	18	.	.	PROPN
ftr-442	45	19	84	84	NUM
ftr-442	45	20	;	;	PUNCT
ftr-442	45	21	t.d	t.d	PROPN
ftr-442	45	22	.	.	PROPN
ftr-442	45	23	8237	8237	NUM
ftr-442	45	24	,	,	PUNCT
ftr-442	45	25	1989	1989	NUM
ftr-442	45	26	-	-	SYM
ftr-442	45	27	1	1	NUM
ftr-442	45	28	c.b	c.b	PROPN
ftr-442	45	29	.	.	PROPN
ftr-442	45	30	180	180	NUM
ftr-442	45	31	;	;	PUNCT
ftr-442	45	32	t.d	t.d	PROPN
ftr-442	45	33	.	.	NOUN
ftr-442	45	34	8385	8385	NUM
ftr-442	45	35	,	,	PUNCT
ftr-442	45	36	1992	1992	NUM
ftr-442	45	37	-	-	SYM
ftr-442	45	38	1	1	NUM
ftr-442	45	39	c.b	c.b	PROPN
ftr-442	45	40	.	.	PROPN
ftr-442	45	41	199	199	NUM
ftr-442	45	42	;	;	PUNCT
ftr-442	45	43	t.d	t.d	PROPN
ftr-442	45	44	.	.	PROPN
ftr-442	45	45	8500	8500	NUM
ftr-442	45	46	,	,	PUNCT
ftr-442	45	47	1994	1994	NUM
ftr-442	45	48	-	-	SYM
ftr-442	45	49	1	1	NUM
ftr-442	45	50	c.b	c.b	PROPN
ftr-442	45	51	.	.	PROPN
ftr-442	45	52	183	183	NUM
ftr-442	45	53	;	;	PUNCT
ftr-442	45	54	t.d	t.d	PROPN
ftr-442	45	55	.	.	PROPN
ftr-442	45	56	8585	8585	NUM
ftr-442	45	57	,	,	PUNCT
ftr-442	45	58	1995	1995	NUM
ftr-442	45	59	-	-	SYM
ftr-442	45	60	1	1	NUM
ftr-442	45	61	c.b	c.b	PROPN
ftr-442	45	62	.	.	PROPN
ftr-442	45	63	120	120	NUM
ftr-442	45	64	;	;	PUNCT
ftr-442	45	65	t.d	t.d	PROPN
ftr-442	45	66	.	.	PROPN
ftr-442	45	67	8717	8717	NUM
ftr-442	45	68	,	,	PUNCT
ftr-442	45	69	1997	1997	NUM
ftr-442	45	70	-	-	SYM
ftr-442	45	71	24	24	NUM
ftr-442	45	72	i.r.b	i.r.b	NOUN
ftr-442	45	73	.	.	PROPN
ftr-442	45	74	5	5	NUM
ftr-442	45	75	)	)	PUNCT
ftr-442	45	76	,	,	PUNCT
ftr-442	45	77	1.704	1.704	NUM
ftr-442	45	78	-	-	SYM
ftr-442	45	79	2	2	NUM
ftr-442	45	80	(	(	PUNCT
ftr-442	45	81	1992	1992	NUM
ftr-442	45	82	)	)	PUNCT
ftr-442	45	83	(	(	PUNCT
ftr-442	45	84	allocations	allocation	NOUN
ftr-442	45	85	attributable	attributable	ADJ
ftr-442	45	86	to	to	ADP
ftr-442	45	87	nonrecourse	nonrecourse	NOUN
ftr-442	45	88	liabilities	liability	NOUN
ftr-442	45	89	)	)	PUNCT
ftr-442	45	90	.	.	PUNCT
ftr-442	46	1	8	8	X
ftr-442	46	2	.	.	X
ftr-442	46	3	see	see	VERB
ftr-442	46	4	irc	irc	PROPN
ftr-442	46	5	§	§	PROPN
ftr-442	46	6	704(c	704(c	PROPN
ftr-442	46	7	)	)	PUNCT
ftr-442	46	8	(	(	PUNCT
ftr-442	46	9	before	before	ADP
ftr-442	46	10	amendment	amendment	NOUN
ftr-442	46	11	in	in	ADP
ftr-442	46	12	1989	1989	NUM
ftr-442	46	13	,	,	PUNCT
ftr-442	46	14	1997	1997	NUM
ftr-442	46	15	)	)	PUNCT
ftr-442	46	16	.	.	PUNCT
ftr-442	47	1	9	9	X
ftr-442	47	2	.	.	X
ftr-442	47	3	regs	reg	NOUN
ftr-442	47	4	.	.	PUNCT
ftr-442	48	1	§	§	PROPN
ftr-442	48	2	§	§	PROPN
ftr-442	48	3	1.704	1.704	NUM
ftr-442	48	4	-	-	SYM
ftr-442	48	5	3	3	NUM
ftr-442	48	6	(	(	PUNCT
ftr-442	48	7	as	as	SCONJ
ftr-442	48	8	amended	amend	VERB
ftr-442	48	9	by	by	ADP
ftr-442	48	10	t.d	t.d	NOUN
ftr-442	48	11	.	.	PROPN
ftr-442	48	12	8585	8585	NUM
ftr-442	48	13	,	,	PUNCT
ftr-442	48	14	1995	1995	NUM
ftr-442	48	15	-	-	SYM
ftr-442	48	16	1	1	NUM
ftr-442	48	17	c.b	c.b	PROPN
ftr-442	48	18	.	.	PROPN
ftr-442	48	19	120	120	NUM
ftr-442	48	20	;	;	PUNCT
ftr-442	48	21	t.d	t.d	PROPN
ftr-442	48	22	.	.	PROPN
ftr-442	48	23	8717	8717	NUM
ftr-442	48	24	.	.	PUNCT
ftr-442	49	1	199724	199724	NUM
ftr-442	49	2	i.r.b	i.r.b	NOUN
ftr-442	49	3	.	.	PUNCT
ftr-442	50	1	5	5	NUM
ftr-442	50	2	;	;	PUNCT
ftr-442	50	3	t.d	t.d	PROPN
ftr-442	50	4	.	.	NOUN
ftr-442	50	5	8730	8730	NUM
ftr-442	50	6	,	,	PUNCT
ftr-442	50	7	1997	1997	NUM
ftr-442	50	8	-	-	SYM
ftr-442	50	9	38	38	NUM
ftr-442	50	10	i.r.b	i.r.b	NOUN
ftr-442	50	11	.	.	PUNCT
ftr-442	50	12	16	16	NUM
ftr-442	50	13	)	)	PUNCT
ftr-442	50	14	,	,	PUNCT
ftr-442	50	15	1.704	1.704	NUM
ftr-442	50	16	-	-	SYM
ftr-442	50	17	4	4	NUM
ftr-442	50	18	(	(	PUNCT
ftr-442	50	19	as	as	SCONJ
ftr-442	50	20	amended	amend	VERB
ftr-442	50	21	by	by	ADP
ftr-442	50	22	t.d	t.d	PROPN
ftr-442	50	23	.	.	PROPN
ftr-442	50	24	8717	8717	NUM
ftr-442	50	25	,	,	PUNCT
ftr-442	50	26	1997	1997	NUM
ftr-442	50	27	-	-	SYM
ftr-442	50	28	24	24	NUM
ftr-442	50	29	i.rb	i.rb	NOUN
ftr-442	50	30	.	.	PROPN
ftr-442	50	31	5	5	NUM
ftr-442	50	32	)	)	PUNCT
ftr-442	50	33	.	.	PUNCT
ftr-442	51	1	10	10	NUM
ftr-442	51	2	.	.	PUNCT
ftr-442	51	3	regs	regs	PROPN
ftr-442	51	4	.	.	PUNCT
ftr-442	52	1	§	§	PROPN
ftr-442	52	2	1.701	1.701	NUM
ftr-442	52	3	-	-	SYM
ftr-442	52	4	2(b	2(b	NUM
ftr-442	52	5	)	)	PUNCT
ftr-442	52	6	.	.	PUNCT
ftr-442	53	1	11	11	NUM
ftr-442	53	2	.	.	PUNCT
ftr-442	54	1	i	i	PRON
ftr-442	54	2	d.	d.	PROPN
ftr-442	54	3	12	12	NUM
ftr-442	54	4	.	.	PUNCT
ftr-442	55	1	see	see	VERB
ftr-442	55	2	kwall	kwall	PROPN
ftr-442	55	3	,	,	PUNCT
ftr-442	55	4	supra	supra	PROPN
ftr-442	55	5	note	note	NOUN
ftr-442	55	6	5	5	NUM
ftr-442	55	7	,	,	PUNCT
ftr-442	55	8	at	at	ADP
ftr-442	55	9	238	238	NUM
ftr-442	55	10	(	(	PUNCT
ftr-442	55	11	"	"	PUNCT
ftr-442	55	12	anti	anti	ADJ
ftr-442	55	13	-	-	ADJ
ftr-442	55	14	abuse	abuse	ADJ
ftr-442	55	15	regulations	regulation	NOUN
ftr-442	55	16	have	have	AUX
ftr-442	55	17	created	create	VERB
ftr-442	55	18	unpredictability	unpredictability	NOUN
ftr-442	55	19	that	that	PRON
ftr-442	55	20	exacerbates	exacerbate	VERB
ftr-442	55	21	the	the	DET
ftr-442	55	22	complexity	complexity	NOUN
ftr-442	55	23	"	"	PUNCT
ftr-442	55	24	)	)	PUNCT
ftr-442	55	25	.	.	PUNCT
ftr-442	56	1	13	13	X
ftr-442	56	2	.	.	X
ftr-442	57	1	see	see	VERB
ftr-442	57	2	curtis	curtis	PROPN
ftr-442	57	3	j.	j.	PROPN
ftr-442	57	4	berger	berger	PROPN
ftr-442	57	5	,	,	PUNCT
ftr-442	57	6	w(h)ither	w(h)ither	PROPN
ftr-442	57	7	partnership	partnership	NOUN
ftr-442	57	8	taxation	taxation	NOUN
ftr-442	57	9	?	?	PUNCT
ftr-442	58	1	47	47	NUM
ftr-442	58	2	tax	tax	NOUN
ftr-442	58	3	l.	l.	PROPN
ftr-442	58	4	rev	rev	PROPN
ftr-442	58	5	.	.	PROPN
ftr-442	58	6	105	105	NUM
ftr-442	58	7	,	,	PUNCT
ftr-442	58	8	108	108	NUM
ftr-442	58	9	(	(	PUNCT
ftr-442	58	10	1991	1991	NUM
ftr-442	58	11	)	)	PUNCT
ftr-442	58	12	(	(	PUNCT
ftr-442	58	13	"	"	PUNCT
ftr-442	58	14	in	in	ADP
ftr-442	58	15	order	order	NOUN
ftr-442	58	16	to	to	PART
ftr-442	58	17	keep	keep	VERB
ftr-442	58	18	tax	tax	NOUN
ftr-442	58	19	planners	planner	NOUN
ftr-442	58	20	from	from	ADP
ftr-442	58	21	wholly	wholly	ADV
ftr-442	58	22	abusing	abuse	VERB
ftr-442	58	23	the	the	DET
ftr-442	58	24	partnership	partnership	NOUN
ftr-442	58	25	's	's	PART
ftr-442	58	26	privileged	privileged	ADJ
ftr-442	58	27	status	status	NOUN
ftr-442	58	28	,	,	PUNCT
ftr-442	58	29	while	while	SCONJ
ftr-442	58	30	not	not	PART
ftr-442	58	31	denying	deny	VERB
ftr-442	58	32	them	they	PRON
ftr-442	58	33	all	all	DET
ftr-442	58	34	remaining	remain	VERB
ftr-442	58	35	flexibility	flexibility	NOUN
ftr-442	58	36	,	,	PUNCT
ftr-442	58	37	congress	congress	PROPN
ftr-442	58	38	and	and	CCONJ
ftr-442	58	39	treasury	treasury	PROPN
ftr-442	58	40	(	(	PUNCT
ftr-442	58	41	fashioned	fashioned	PROPN
ftr-442	58	42	)	)	PUNCT
ftr-442	58	43	a	a	DET
ftr-442	58	44	statutory	statutory	ADJ
ftr-442	58	45	and	and	CCONJ
ftr-442	58	46	regulatory	regulatory	ADJ
ftr-442	58	47	apparatus	apparatus	NOUN
ftr-442	58	48	which	which	PRON
ftr-442	58	49	[	[	X
ftr-442	58	50	is	be	AUX
ftr-442	58	51	]	]	PUNCT
ftr-442	58	52	one	one	NUM
ftr-442	58	53	of	of	ADP
ftr-442	58	54	the	the	DET
ftr-442	58	55	most	most	ADV
ftr-442	58	56	inaccessible	inaccessible	ADJ
ftr-442	58	57	and	and	CCONJ
ftr-442	58	58	burdensome	burdensome	ADJ
ftr-442	58	59	features	feature	NOUN
ftr-442	58	60	of	of	ADP
ftr-442	58	61	the	the	DET
ftr-442	58	62	entire	entire	ADJ
ftr-442	58	63	tax	tax	NOUN
ftr-442	58	64	system	system	NOUN
ftr-442	58	65	.	.	PUNCT
ftr-442	58	66	"	"	PUNCT
ftr-442	58	67	)	)	PUNCT
ftr-442	58	68	.	.	PUNCT
ftr-442	59	1	19991	19991	NUM
ftr-442	59	2	florida	florida	PROPN
ftr-442	59	3	tax	tax	NOUN
ftr-442	59	4	review	review	NOUN
ftr-442	59	5	proportionate	proportionate	ADJ
ftr-442	59	6	interest	interest	NOUN
ftr-442	59	7	in	in	ADP
ftr-442	59	8	every	every	DET
ftr-442	59	9	item	item	NOUN
ftr-442	59	10	of	of	ADP
ftr-442	59	11	income	income	NOUN
ftr-442	59	12	and	and	CCONJ
ftr-442	59	13	deduction	deduction	NOUN
ftr-442	59	14	,	,	PUNCT
ftr-442	59	15	only	only	ADV
ftr-442	59	16	a	a	DET
ftr-442	59	17	few	few	ADJ
ftr-442	59	18	relatively	relatively	ADV
ftr-442	59	19	simple	simple	ADJ
ftr-442	59	20	provisions	provision	NOUN
ftr-442	59	21	of	of	ADP
ftr-442	59	22	subchapter	subchapter	NOUN
ftr-442	59	23	k	k	PROPN
ftr-442	59	24	apply	apply	VERB
ftr-442	59	25	,	,	PUNCT
ftr-442	59	26	and	and	CCONJ
ftr-442	59	27	the	the	DET
ftr-442	59	28	partnership	partnership	NOUN
ftr-442	59	29	's	's	PART
ftr-442	59	30	accounting	accounting	NOUN
ftr-442	59	31	is	be	AUX
ftr-442	59	32	likely	likely	ADJ
ftr-442	59	33	to	to	PART
ftr-442	59	34	agree	agree	VERB
ftr-442	59	35	with	with	ADP
ftr-442	59	36	the	the	DET
ftr-442	59	37	tax	tax	NOUN
ftr-442	59	38	rules	rule	NOUN
ftr-442	59	39	,	,	PUNCT
ftr-442	59	40	even	even	ADV
ftr-442	59	41	if	if	SCONJ
ftr-442	59	42	the	the	DET
ftr-442	59	43	statutes	statute	NOUN
ftr-442	59	44	and	and	CCONJ
ftr-442	59	45	regulations	regulation	NOUN
ftr-442	59	46	are	be	AUX
ftr-442	59	47	never	never	ADV
ftr-442	59	48	consulted	consult	VERB
ftr-442	59	49	.	.	PUNCT
ftr-442	60	1	however	however	ADV
ftr-442	60	2	,	,	PUNCT
ftr-442	60	3	if	if	SCONJ
ftr-442	60	4	any	any	DET
ftr-442	60	5	one	one	NUM
ftr-442	60	6	of	of	ADP
ftr-442	60	7	these	these	DET
ftr-442	60	8	conditions	condition	NOUN
ftr-442	60	9	is	be	AUX
ftr-442	60	10	not	not	PART
ftr-442	60	11	met	meet	VERB
ftr-442	60	12	,	,	PUNCT
ftr-442	60	13	at	at	ADP
ftr-442	60	14	least	least	ADJ
ftr-442	60	15	one	one	NUM
ftr-442	60	16	of	of	ADP
ftr-442	60	17	the	the	DET
ftr-442	60	18	highly	highly	ADV
ftr-442	60	19	complicated	complicated	ADJ
ftr-442	60	20	subgroups	subgroup	NOUN
ftr-442	60	21	of	of	ADP
ftr-442	60	22	partnership	partnership	NOUN
ftr-442	60	23	tax	tax	NOUN
ftr-442	60	24	rules	rule	NOUN
ftr-442	60	25	applies	apply	VERB
ftr-442	60	26	,	,	PUNCT
ftr-442	60	27	and	and	CCONJ
ftr-442	60	28	,	,	PUNCT
ftr-442	60	29	unless	unless	SCONJ
ftr-442	60	30	the	the	DET
ftr-442	60	31	partnership	partnership	NOUN
ftr-442	60	32	receives	receive	VERB
ftr-442	60	33	and	and	CCONJ
ftr-442	60	34	follows	follow	VERB
ftr-442	60	35	tax	tax	NOUN
ftr-442	60	36	advice	advice	NOUN
ftr-442	60	37	of	of	ADP
ftr-442	60	38	the	the	DET
ftr-442	60	39	highest	high	ADJ
ftr-442	60	40	sophistication	sophistication	NOUN
ftr-442	60	41	,	,	PUNCT
ftr-442	60	42	the	the	DET
ftr-442	60	43	tax	tax	NOUN
ftr-442	60	44	rules	rule	NOUN
ftr-442	60	45	are	be	AUX
ftr-442	60	46	likely	likely	ADV
ftr-442	60	47	violated	violate	VERB
ftr-442	60	48	.	.	PUNCT
ftr-442	61	1	in	in	ADP
ftr-442	61	2	a	a	DET
ftr-442	61	3	large	large	ADJ
ftr-442	61	4	number	number	NOUN
ftr-442	61	5	,	,	PUNCT
ftr-442	61	6	perhaps	perhaps	ADV
ftr-442	61	7	a	a	DET
ftr-442	61	8	large	large	ADJ
ftr-442	61	9	majority	majority	NOUN
ftr-442	61	10	,	,	PUNCT
ftr-442	61	11	of	of	ADP
ftr-442	61	12	such	such	ADJ
ftr-442	61	13	situations	situation	NOUN
ftr-442	61	14	,	,	PUNCT
ftr-442	61	15	the	the	DET
ftr-442	61	16	costs	cost	NOUN
ftr-442	61	17	of	of	ADP
ftr-442	61	18	such	such	ADJ
ftr-442	61	19	advice	advice	NOUN
ftr-442	61	20	are	be	AUX
ftr-442	61	21	prohibitive	prohibitive	ADJ
ftr-442	61	22	,	,	PUNCT
ftr-442	61	23	given	give	VERB
ftr-442	61	24	the	the	DET
ftr-442	61	25	partnership	partnership	NOUN
ftr-442	61	26	's	's	PART
ftr-442	61	27	size	size	NOUN
ftr-442	61	28	.	.	PUNCT
ftr-442	62	1	moreover	moreover	ADV
ftr-442	62	2	,	,	PUNCT
ftr-442	62	3	many	many	ADJ
ftr-442	62	4	tax	tax	NOUN
ftr-442	62	5	practitioners	practitioner	NOUN
ftr-442	62	6	believe	believe	VERB
ftr-442	62	7	that	that	SCONJ
ftr-442	62	8	very	very	ADV
ftr-442	62	9	few	few	ADJ
ftr-442	62	10	irs	irs	PROPN
ftr-442	62	11	auditors	auditor	NOUN
ftr-442	62	12	of	of	ADP
ftr-442	62	13	partnership	partnership	NOUN
ftr-442	62	14	returns	return	NOUN
ftr-442	62	15	understand	understand	VERB
ftr-442	62	16	enough	enough	ADJ
ftr-442	62	17	of	of	ADP
ftr-442	62	18	subchapter	subchapter	NOUN
ftr-442	62	19	k	k	PROPN
ftr-442	62	20	to	to	PART
ftr-442	62	21	challenge	challenge	VERB
ftr-442	62	22	partnership	partnership	NOUN
ftr-442	62	23	accounting	account	VERB
ftr-442	62	24	for	for	ADP
ftr-442	62	25	items	item	NOUN
ftr-442	62	26	subject	subject	ADJ
ftr-442	62	27	to	to	ADP
ftr-442	62	28	the	the	DET
ftr-442	62	29	more	more	ADV
ftr-442	62	30	complicated	complicated	ADJ
ftr-442	62	31	aspects	aspect	NOUN
ftr-442	62	32	of	of	ADP
ftr-442	62	33	subchapter	subchapter	NOUN
ftr-442	62	34	k	k	PROPN
ftr-442	62	35	and	and	CCONJ
ftr-442	62	36	that	that	SCONJ
ftr-442	62	37	the	the	DET
ftr-442	62	38	few	few	ADJ
ftr-442	62	39	auditors	auditor	NOUN
ftr-442	62	40	with	with	ADP
ftr-442	62	41	deep	deep	ADJ
ftr-442	62	42	understanding	understanding	NOUN
ftr-442	62	43	of	of	ADP
ftr-442	62	44	subchapter	subchapter	NOUN
ftr-442	62	45	k	k	PROPN
ftr-442	62	46	are	be	AUX
ftr-442	62	47	assigned	assign	VERB
ftr-442	62	48	to	to	ADP
ftr-442	62	49	very	very	ADV
ftr-442	62	50	large	large	ADJ
ftr-442	62	51	transactions	transaction	NOUN
ftr-442	62	52	where	where	SCONJ
ftr-442	62	53	their	their	PRON
ftr-442	62	54	skills	skill	NOUN
ftr-442	62	55	will	will	AUX
ftr-442	62	56	likely	likely	ADV
ftr-442	62	57	produce	produce	VERB
ftr-442	62	58	the	the	DET
ftr-442	62	59	greatest	great	ADJ
ftr-442	62	60	revenue	revenue	NOUN
ftr-442	62	61	yield	yield	NOUN
ftr-442	62	62	for	for	ADP
ftr-442	62	63	the	the	DET
ftr-442	62	64	government	government	NOUN
ftr-442	62	65	.	.	PUNCT
ftr-442	63	1	this	this	DET
ftr-442	63	2	perception	perception	NOUN
ftr-442	63	3	diminishes	diminish	VERB
ftr-442	63	4	taxpayers	taxpayer	NOUN
ftr-442	63	5	'	'	PART
ftr-442	63	6	incentives	incentive	NOUN
ftr-442	63	7	to	to	PART
ftr-442	63	8	try	try	VERB
ftr-442	63	9	their	their	PRON
ftr-442	63	10	best	good	ADJ
ftr-442	63	11	to	to	PART
ftr-442	63	12	comply	comply	VERB
ftr-442	63	13	in	in	ADP
ftr-442	63	14	any	any	PRON
ftr-442	63	15	but	but	CCONJ
ftr-442	63	16	the	the	DET
ftr-442	63	17	largest	large	ADJ
ftr-442	63	18	of	of	ADP
ftr-442	63	19	transactions	transaction	NOUN
ftr-442	63	20	.	.	PUNCT
ftr-442	64	1	a	a	DET
ftr-442	64	2	large	large	ADJ
ftr-442	64	3	number	number	NOUN
ftr-442	64	4	of	of	ADP
ftr-442	64	5	partnerships	partnership	NOUN
ftr-442	64	6	thus	thus	ADV
ftr-442	64	7	seem	seem	VERB
ftr-442	64	8	to	to	PART
ftr-442	64	9	be	be	AUX
ftr-442	64	10	governed	govern	VERB
ftr-442	64	11	by	by	ADP
ftr-442	64	12	what	what	PRON
ftr-442	64	13	might	might	AUX
ftr-442	64	14	be	be	AUX
ftr-442	64	15	called	call	VERB
ftr-442	64	16	an	an	DET
ftr-442	64	17	"	"	PUNCT
ftr-442	64	18	intuitive	intuitive	ADJ
ftr-442	64	19	subchapter	subchapter	NOUN
ftr-442	64	20	k.	k.	NOUN
ftr-442	64	21	"	"	PUNCT
ftr-442	64	22	taxpayers	taxpayer	NOUN
ftr-442	64	23	and	and	CCONJ
ftr-442	64	24	tax	tax	NOUN
ftr-442	64	25	advisers	adviser	NOUN
ftr-442	64	26	who	who	PRON
ftr-442	64	27	want	want	VERB
ftr-442	64	28	to	to	PART
ftr-442	64	29	comply	comply	VERB
ftr-442	64	30	account	account	NOUN
ftr-442	64	31	for	for	ADP
ftr-442	64	32	partnership	partnership	NOUN
ftr-442	64	33	transactions	transaction	NOUN
ftr-442	64	34	in	in	ADP
ftr-442	64	35	ways	way	NOUN
ftr-442	64	36	that	that	PRON
ftr-442	64	37	are	be	AUX
ftr-442	64	38	consistent	consistent	ADJ
ftr-442	64	39	with	with	ADP
ftr-442	64	40	their	their	PRON
ftr-442	64	41	conceptions	conception	NOUN
ftr-442	64	42	of	of	ADP
ftr-442	64	43	the	the	DET
ftr-442	64	44	basic	basic	ADJ
ftr-442	64	45	aims	aim	NOUN
ftr-442	64	46	of	of	ADP
ftr-442	64	47	subchapter	subchapter	NOUN
ftr-442	64	48	k	k	NOUN
ftr-442	64	49	;	;	PUNCT
ftr-442	64	50	others	other	NOUN
ftr-442	64	51	account	account	VERB
ftr-442	64	52	as	as	ADV
ftr-442	64	53	adventurously	adventurously	ADV
ftr-442	64	54	as	as	SCONJ
ftr-442	64	55	they	they	PRON
ftr-442	64	56	believe	believe	VERB
ftr-442	64	57	the	the	DET
ftr-442	64	58	irs	irs	PROPN
ftr-442	64	59	is	be	AUX
ftr-442	64	60	likely	likely	ADJ
ftr-442	64	61	to	to	PART
ftr-442	64	62	tolerate	tolerate	VERB
ftr-442	64	63	.	.	PUNCT
ftr-442	65	1	irs	irs	PROPN
ftr-442	65	2	auditors	auditor	NOUN
ftr-442	65	3	challenge	challenge	VERB
ftr-442	65	4	partnership	partnership	NOUN
ftr-442	65	5	accounting	account	VERB
ftr-442	65	6	only	only	ADV
ftr-442	65	7	if	if	SCONJ
ftr-442	65	8	it	it	PRON
ftr-442	65	9	seems	seem	VERB
ftr-442	65	10	to	to	PART
ftr-442	65	11	be	be	AUX
ftr-442	65	12	seriously	seriously	ADV
ftr-442	65	13	out	out	ADP
ftr-442	65	14	of	of	ADP
ftr-442	65	15	whack	whack	NOUN
ftr-442	65	16	.	.	PUNCT
ftr-442	66	1	no	no	DET
ftr-442	66	2	one	one	NOUN
ftr-442	66	3	has	have	VERB
ftr-442	66	4	the	the	DET
ftr-442	66	5	ability	ability	NOUN
ftr-442	66	6	,	,	PUNCT
ftr-442	66	7	resources	resource	NOUN
ftr-442	66	8	,	,	PUNCT
ftr-442	66	9	and	and	CCONJ
ftr-442	66	10	incentive	incentive	NOUN
ftr-442	66	11	to	to	PART
ftr-442	66	12	figure	figure	VERB
ftr-442	66	13	out	out	ADP
ftr-442	66	14	exactly	exactly	ADV
ftr-442	66	15	what	what	PRON
ftr-442	66	16	the	the	DET
ftr-442	66	17	rules	rule	NOUN
ftr-442	66	18	require	require	VERB
ftr-442	66	19	.	.	PUNCT
ftr-442	67	1	if	if	SCONJ
ftr-442	67	2	the	the	DET
ftr-442	67	3	portrait	portrait	NOUN
ftr-442	67	4	i	i	PRON
ftr-442	67	5	have	have	AUX
ftr-442	67	6	painted	paint	VERB
ftr-442	67	7	of	of	ADP
ftr-442	67	8	subchapter	subchapter	NOUN
ftr-442	67	9	k	k	PROPN
ftr-442	67	10	is	be	AUX
ftr-442	67	11	accurate	accurate	ADJ
ftr-442	67	12	,	,	PUNCT
ftr-442	67	13	radical	radical	ADJ
ftr-442	67	14	reform	reform	NOUN
ftr-442	67	15	is	be	AUX
ftr-442	67	16	,	,	PUNCT
ftr-442	67	17	in	in	ADP
ftr-442	67	18	my	my	PRON
ftr-442	67	19	opinion	opinion	NOUN
ftr-442	67	20	,	,	PUNCT
ftr-442	67	21	required	require	VERB
ftr-442	67	22	.	.	PUNCT
ftr-442	68	1	americans	americans	PROPN
ftr-442	68	2	have	have	AUX
ftr-442	68	3	traditionally	traditionally	ADV
ftr-442	68	4	prided	pride	VERB
ftr-442	68	5	themselves	themselves	PRON
ftr-442	68	6	as	as	ADP
ftr-442	68	7	being	be	AUX
ftr-442	68	8	a	a	DET
ftr-442	68	9	society	society	NOUN
ftr-442	68	10	of	of	ADP
ftr-442	68	11	laws	law	NOUN
ftr-442	68	12	.	.	PUNCT
ftr-442	69	1	laws	law	NOUN
ftr-442	69	2	that	that	PRON
ftr-442	69	3	can	can	AUX
ftr-442	69	4	not	not	PART
ftr-442	69	5	feasibly	feasibly	ADV
ftr-442	69	6	be	be	AUX
ftr-442	69	7	understood	understand	VERB
ftr-442	69	8	and	and	CCONJ
ftr-442	69	9	obeyed	obey	VERB
ftr-442	69	10	are	be	AUX
ftr-442	69	11	the	the	DET
ftr-442	69	12	equivalent	equivalent	NOUN
ftr-442	69	13	of	of	ADP
ftr-442	69	14	no	no	DET
ftr-442	69	15	law	law	NOUN
ftr-442	69	16	at	at	ADV
ftr-442	69	17	all	all	ADV
ftr-442	69	18	.	.	PUNCT
ftr-442	70	1	if	if	SCONJ
ftr-442	70	2	laws	law	NOUN
ftr-442	70	3	are	be	AUX
ftr-442	70	4	enforced	enforce	VERB
ftr-442	70	5	only	only	ADV
ftr-442	70	6	in	in	ADP
ftr-442	70	7	situations	situation	NOUN
ftr-442	70	8	involving	involve	VERB
ftr-442	70	9	very	very	ADV
ftr-442	70	10	large	large	ADJ
ftr-442	70	11	dollar	dollar	NOUN
ftr-442	70	12	amounts	amount	NOUN
ftr-442	70	13	,	,	PUNCT
ftr-442	70	14	ordinary	ordinary	ADJ
ftr-442	70	15	transactions	transaction	NOUN
ftr-442	70	16	are	be	AUX
ftr-442	70	17	left	leave	VERB
ftr-442	70	18	in	in	ADP
ftr-442	70	19	a	a	DET
ftr-442	70	20	lawless	lawless	ADJ
ftr-442	70	21	penumbra	penumbra	NOUN
ftr-442	70	22	.	.	PUNCT
ftr-442	71	1	professor	professor	NOUN
ftr-442	71	2	yin	yin	PROPN
ftr-442	71	3	proposes	propose	VERB
ftr-442	71	4	a	a	DET
ftr-442	71	5	solution	solution	NOUN
ftr-442	71	6	-	-	PUNCT
ftr-442	71	7	a	a	DET
ftr-442	71	8	simplified	simplified	ADJ
ftr-442	71	9	conduit	conduit	NOUN
ftr-442	71	10	regime	regime	NOUN
ftr-442	71	11	for	for	ADP
ftr-442	71	12	simple	simple	ADJ
ftr-442	71	13	private	private	ADJ
ftr-442	71	14	business	business	NOUN
ftr-442	71	15	firms	firm	NOUN
ftr-442	71	16	(	(	PUNCT
ftr-442	71	17	spbfs	spbfs	NOUN
ftr-442	71	18	)	)	PUNCT
ftr-442	71	19	that	that	PRON
ftr-442	71	20	elect	elect	VERB
ftr-442	71	21	this	this	DET
ftr-442	71	22	regime	regime	NOUN
ftr-442	71	23	.	.	PUNCT
ftr-442	72	1	it	it	PRON
ftr-442	72	2	is	be	AUX
ftr-442	72	3	a	a	DET
ftr-442	72	4	creative	creative	ADJ
ftr-442	72	5	and	and	CCONJ
ftr-442	72	6	useful	useful	ADJ
ftr-442	72	7	proposal	proposal	NOUN
ftr-442	72	8	that	that	PRON
ftr-442	72	9	deserves	deserve	VERB
ftr-442	72	10	careful	careful	ADJ
ftr-442	72	11	study	study	NOUN
ftr-442	72	12	.	.	PUNCT
ftr-442	73	1	my	my	PRON
ftr-442	73	2	purpose	purpose	NOUN
ftr-442	73	3	is	be	AUX
ftr-442	73	4	to	to	PART
ftr-442	73	5	use	use	VERB
ftr-442	73	6	that	that	DET
ftr-442	73	7	proposal	proposal	NOUN
ftr-442	73	8	as	as	ADP
ftr-442	73	9	a	a	DET
ftr-442	73	10	starting	starting	NOUN
ftr-442	73	11	point	point	NOUN
ftr-442	73	12	for	for	ADP
ftr-442	73	13	a	a	DET
ftr-442	73	14	more	more	ADV
ftr-442	73	15	comprehensive	comprehensive	ADJ
ftr-442	73	16	examination	examination	NOUN
ftr-442	73	17	of	of	ADP
ftr-442	73	18	the	the	DET
ftr-442	73	19	conduit	conduit	NOUN
ftr-442	73	20	treatment	treatment	NOUN
ftr-442	73	21	of	of	ADP
ftr-442	73	22	business	business	NOUN
ftr-442	73	23	entities	entity	NOUN
ftr-442	73	24	.	.	PUNCT
ftr-442	74	1	professor	professor	NOUN
ftr-442	74	2	yin	yin	PROPN
ftr-442	74	3	does	do	VERB
ftr-442	74	4	an	an	DET
ftr-442	74	5	excellent	excellent	ADJ
ftr-442	74	6	job	job	NOUN
ftr-442	74	7	of	of	ADP
ftr-442	74	8	describing	describe	VERB
ftr-442	74	9	the	the	DET
ftr-442	74	10	problems	problem	NOUN
ftr-442	74	11	with	with	ADP
ftr-442	74	12	conduit	conduit	NOUN
ftr-442	74	13	treatment	treatment	NOUN
ftr-442	74	14	generally	generally	ADV
ftr-442	74	15	and	and	CCONJ
ftr-442	74	16	subchapter	subchapter	NOUN
ftr-442	74	17	k	k	PROPN
ftr-442	74	18	in	in	ADP
ftr-442	74	19	particular	particular	ADJ
ftr-442	74	20	.	.	PUNCT
ftr-442	75	1	4	4	NUM
ftr-442	75	2	his	his	PRON
ftr-442	75	3	proposal	proposal	NOUN
ftr-442	75	4	provides	provide	VERB
ftr-442	75	5	a	a	DET
ftr-442	75	6	means	mean	NOUN
ftr-442	75	7	by	by	ADP
ftr-442	75	8	which	which	PRON
ftr-442	75	9	a	a	DET
ftr-442	75	10	discrete	discrete	ADJ
ftr-442	75	11	group	group	NOUN
ftr-442	75	12	of	of	ADP
ftr-442	75	13	entities	entity	NOUN
ftr-442	75	14	could	could	AUX
ftr-442	75	15	avoid	avoid	VERB
ftr-442	75	16	these	these	DET
ftr-442	75	17	14	14	NUM
ftr-442	75	18	.	.	PUNCT
ftr-442	76	1	george	george	PROPN
ftr-442	76	2	k.	k.	PROPN
ftr-442	76	3	yin	yin	PROPN
ftr-442	76	4	,	,	PUNCT
ftr-442	76	5	the	the	DET
ftr-442	76	6	future	future	ADJ
ftr-442	76	7	taxation	taxation	NOUN
ftr-442	76	8	of	of	ADP
ftr-442	76	9	private	private	ADJ
ftr-442	76	10	business	business	NOUN
ftr-442	76	11	finns	finn	NOUN
ftr-442	76	12	,	,	PUNCT
ftr-442	76	13	4	4	NUM
ftr-442	76	14	fla	fla	NOUN
ftr-442	76	15	.	.	PUNCT
ftr-442	77	1	tax	tax	PROPN
ftr-442	77	2	rev	rev	PROPN
ftr-442	77	3	.	.	PROPN
ftr-442	77	4	141	141	NUM
ftr-442	77	5	(	(	PUNCT
ftr-442	77	6	1999	1999	NUM
ftr-442	77	7	)	)	PUNCT
ftr-442	77	8	.	.	PUNCT
ftr-442	78	1	[	[	X
ftr-442	78	2	vol	vol	NOUN
ftr-442	78	3	.	.	PUNCT
ftr-442	79	1	4.3	4.3	NUM
ftr-442	79	2	taxation	taxation	NOUN
ftr-442	79	3	of	of	ADP
ftr-442	79	4	private	private	ADJ
ftr-442	79	5	business	business	NOUN
ftr-442	79	6	firms	firm	NOUN
ftr-442	79	7	problems	problem	NOUN
ftr-442	79	8	,	,	PUNCT
ftr-442	79	9	but	but	CCONJ
ftr-442	79	10	it	it	PRON
ftr-442	79	11	does	do	AUX
ftr-442	79	12	not	not	PART
ftr-442	79	13	solve	solve	VERB
ftr-442	79	14	the	the	DET
ftr-442	79	15	problems	problem	NOUN
ftr-442	79	16	for	for	ADP
ftr-442	79	17	entities	entity	NOUN
ftr-442	79	18	that	that	PRON
ftr-442	79	19	either	either	CCONJ
ftr-442	79	20	do	do	AUX
ftr-442	79	21	not	not	PART
ftr-442	79	22	qualify	qualify	VERB
ftr-442	79	23	for	for	ADP
ftr-442	79	24	or	or	CCONJ
ftr-442	79	25	do	do	AUX
ftr-442	79	26	not	not	PART
ftr-442	79	27	elect	elect	VERB
ftr-442	79	28	spbf	spbf	ADJ
ftr-442	79	29	treatment	treatment	NOUN
ftr-442	79	30	.	.	PUNCT
ftr-442	80	1	he	he	PRON
ftr-442	80	2	urges	urge	VERB
ftr-442	80	3	that	that	SCONJ
ftr-442	80	4	a	a	DET
ftr-442	80	5	separate	separate	ADJ
ftr-442	80	6	effort	effort	NOUN
ftr-442	80	7	be	be	AUX
ftr-442	80	8	made	make	VERB
ftr-442	80	9	to	to	PART
ftr-442	80	10	rationalize	rationalize	VERB
ftr-442	80	11	subchapter	subchapter	NOUN
ftr-442	80	12	k	k	PROPN
ftr-442	80	13	for	for	ADP
ftr-442	80	14	these	these	DET
ftr-442	80	15	other	other	ADJ
ftr-442	80	16	entities	entity	NOUN
ftr-442	80	17	,	,	PUNCT
ftr-442	80	18	but	but	CCONJ
ftr-442	80	19	he	he	PRON
ftr-442	80	20	rejects	reject	VERB
ftr-442	80	21	any	any	DET
ftr-442	80	22	radical	radical	ADJ
ftr-442	80	23	shift	shift	NOUN
ftr-442	80	24	away	away	ADV
ftr-442	80	25	from	from	ADP
ftr-442	80	26	the	the	DET
ftr-442	80	27	basic	basic	ADJ
ftr-442	80	28	pass	pass	VERB
ftr-442	80	29	-	-	PUNCT
ftr-442	80	30	through	through	ADP
ftr-442	80	31	model	model	NOUN
ftr-442	80	32	for	for	ADP
ftr-442	80	33	partnerships	partnership	NOUN
ftr-442	80	34	not	not	PART
ftr-442	80	35	eligible	eligible	ADJ
ftr-442	80	36	for	for	ADP
ftr-442	80	37	the	the	DET
ftr-442	80	38	simplified	simplified	ADJ
ftr-442	80	39	conduit	conduit	NOUN
ftr-442	80	40	regime	regime	NOUN
ftr-442	80	41	.	.	PUNCT
ftr-442	80	42	'	'	PUNCT
ftr-442	81	1	"	"	PUNCT
ftr-442	81	2	my	my	PRON
ftr-442	81	3	purpose	purpose	NOUN
ftr-442	81	4	is	be	AUX
ftr-442	81	5	to	to	PART
ftr-442	81	6	examine	examine	VERB
ftr-442	81	7	the	the	DET
ftr-442	81	8	path	path	NOUN
ftr-442	81	9	he	he	PRON
ftr-442	81	10	rejects	reject	VERB
ftr-442	81	11	-	-	PUNCT
ftr-442	81	12	to	to	PART
ftr-442	81	13	imagine	imagine	VERB
ftr-442	81	14	a	a	DET
ftr-442	81	15	world	world	NOUN
ftr-442	81	16	largely	largely	ADV
ftr-442	81	17	without	without	ADP
ftr-442	81	18	subchapter	subchapter	NOUN
ftr-442	81	19	k.	k.	PROPN
ftr-442	81	20	il	il	PROPN
ftr-442	82	1	the	the	DET
ftr-442	82	2	problem	problem	NOUN
ftr-442	82	3	although	although	SCONJ
ftr-442	82	4	there	there	PRON
ftr-442	82	5	seems	seem	VERB
ftr-442	82	6	to	to	PART
ftr-442	82	7	be	be	AUX
ftr-442	82	8	broad	broad	ADJ
ftr-442	82	9	agreement	agreement	NOUN
ftr-442	82	10	that	that	PRON
ftr-442	82	11	complexity	complexity	NOUN
ftr-442	82	12	in	in	ADP
ftr-442	82	13	subchapter	subchapter	NOUN
ftr-442	82	14	k	k	PROPN
ftr-442	82	15	is	be	AUX
ftr-442	82	16	a	a	DET
ftr-442	82	17	major	major	ADJ
ftr-442	82	18	problem	problem	NOUN
ftr-442	82	19	,	,	PUNCT
ftr-442	82	20	less	less	ADJ
ftr-442	82	21	attention	attention	NOUN
ftr-442	82	22	has	have	AUX
ftr-442	82	23	been	be	AUX
ftr-442	82	24	given	give	VERB
ftr-442	82	25	to	to	ADP
ftr-442	82	26	the	the	DET
ftr-442	82	27	causes	cause	NOUN
ftr-442	82	28	of	of	ADP
ftr-442	82	29	this	this	DET
ftr-442	82	30	complexity	complexity	NOUN
ftr-442	82	31	.	.	PUNCT
ftr-442	83	1	is	be	AUX
ftr-442	83	2	the	the	DET
ftr-442	83	3	complexity	complexity	NOUN
ftr-442	83	4	primarily	primarily	ADV
ftr-442	83	5	a	a	DET
ftr-442	83	6	result	result	NOUN
ftr-442	83	7	of	of	ADP
ftr-442	83	8	bungling	bungle	VERB
ftr-442	83	9	by	by	ADP
ftr-442	83	10	congress	congress	PROPN
ftr-442	83	11	and	and	CCONJ
ftr-442	83	12	the	the	DET
ftr-442	83	13	treasury	treasury	NOUN
ftr-442	83	14	?	?	PUNCT
ftr-442	84	1	or	or	CCONJ
ftr-442	84	2	,	,	PUNCT
ftr-442	84	3	is	be	AUX
ftr-442	84	4	the	the	DET
ftr-442	84	5	complexity	complexity	NOUN
ftr-442	84	6	an	an	DET
ftr-442	84	7	inevitable	inevitable	ADJ
ftr-442	84	8	consequence	consequence	NOUN
ftr-442	84	9	of	of	ADP
ftr-442	84	10	the	the	DET
ftr-442	84	11	conduit	conduit	NOUN
ftr-442	84	12	ideal	ideal	NOUN
ftr-442	84	13	when	when	SCONJ
ftr-442	84	14	it	it	PRON
ftr-442	84	15	is	be	AUX
ftr-442	84	16	utilized	utilize	VERB
ftr-442	84	17	in	in	ADP
ftr-442	84	18	a	a	DET
ftr-442	84	19	business	business	NOUN
ftr-442	84	20	and	and	CCONJ
ftr-442	84	21	investment	investment	NOUN
ftr-442	84	22	culture	culture	NOUN
ftr-442	84	23	where	where	SCONJ
ftr-442	84	24	tax	tax	NOUN
ftr-442	84	25	minimization	minimization	NOUN
ftr-442	84	26	is	be	AUX
ftr-442	84	27	seen	see	VERB
ftr-442	84	28	as	as	ADP
ftr-442	84	29	a	a	DET
ftr-442	84	30	major	major	ADJ
ftr-442	84	31	aspect	aspect	NOUN
ftr-442	84	32	of	of	ADP
ftr-442	84	33	profit	profit	NOUN
ftr-442	84	34	maximization	maximization	NOUN
ftr-442	84	35	and	and	CCONJ
ftr-442	84	36	where	where	SCONJ
ftr-442	84	37	tax	tax	NOUN
ftr-442	84	38	authorities	authority	NOUN
ftr-442	84	39	believe	believe	VERB
ftr-442	84	40	that	that	SCONJ
ftr-442	84	41	ferreting	ferret	VERB
ftr-442	84	42	out	out	ADP
ftr-442	84	43	abuse	abuse	NOUN
ftr-442	84	44	is	be	AUX
ftr-442	84	45	a	a	DET
ftr-442	84	46	major	major	ADJ
ftr-442	84	47	aspect	aspect	NOUN
ftr-442	84	48	of	of	ADP
ftr-442	84	49	their	their	PRON
ftr-442	84	50	responsibilities	responsibility	NOUN
ftr-442	84	51	?	?	PUNCT
ftr-442	85	1	if	if	SCONJ
ftr-442	85	2	the	the	DET
ftr-442	85	3	former	former	NOUN
ftr-442	85	4	is	be	AUX
ftr-442	85	5	the	the	DET
ftr-442	85	6	case	case	NOUN
ftr-442	85	7	,	,	PUNCT
ftr-442	85	8	all	all	PRON
ftr-442	85	9	that	that	PRON
ftr-442	85	10	is	be	AUX
ftr-442	85	11	needed	need	VERB
ftr-442	85	12	is	be	AUX
ftr-442	85	13	a	a	DET
ftr-442	85	14	redrafting	redrafting	NOUN
ftr-442	85	15	of	of	ADP
ftr-442	85	16	the	the	DET
ftr-442	85	17	code	code	NOUN
ftr-442	85	18	and	and	CCONJ
ftr-442	85	19	regulations	regulation	NOUN
ftr-442	85	20	.	.	PUNCT
ftr-442	86	1	if	if	SCONJ
ftr-442	86	2	the	the	DET
ftr-442	86	3	latter	latter	ADJ
ftr-442	86	4	is	be	AUX
ftr-442	86	5	the	the	DET
ftr-442	86	6	case	case	NOUN
ftr-442	86	7	,	,	PUNCT
ftr-442	86	8	alternatives	alternative	NOUN
ftr-442	86	9	to	to	ADP
ftr-442	86	10	subchapter	subchapter	NOUN
ftr-442	86	11	k	k	PROPN
ftr-442	86	12	should	should	AUX
ftr-442	86	13	be	be	AUX
ftr-442	86	14	considered	consider	VERB
ftr-442	86	15	.	.	PUNCT
ftr-442	87	1	although	although	SCONJ
ftr-442	87	2	congress	congress	PROPN
ftr-442	87	3	and	and	CCONJ
ftr-442	87	4	the	the	DET
ftr-442	87	5	treasury	treasury	NOUN
ftr-442	87	6	are	be	AUX
ftr-442	87	7	not	not	PART
ftr-442	87	8	free	free	ADJ
ftr-442	87	9	from	from	ADP
ftr-442	87	10	blame	blame	NOUN
ftr-442	87	11	,	,	PUNCT
ftr-442	87	12	the	the	DET
ftr-442	87	13	subchapter	subchapter	NOUN
ftr-442	87	14	k	k	PROPN
ftr-442	87	15	mess	mess	NOUN
ftr-442	87	16	derives	derive	VERB
ftr-442	87	17	,	,	PUNCT
ftr-442	87	18	in	in	ADP
ftr-442	87	19	my	my	PRON
ftr-442	87	20	opinion	opinion	NOUN
ftr-442	87	21	,	,	PUNCT
ftr-442	87	22	principally	principally	ADV
ftr-442	87	23	from	from	ADP
ftr-442	87	24	the	the	DET
ftr-442	87	25	ideal	ideal	NOUN
ftr-442	87	26	,	,	PUNCT
ftr-442	87	27	not	not	PART
ftr-442	87	28	the	the	DET
ftr-442	87	29	execution	execution	NOUN
ftr-442	87	30	of	of	ADP
ftr-442	87	31	the	the	DET
ftr-442	87	32	ideal	ideal	NOUN
ftr-442	87	33	.	.	PUNCT
ftr-442	88	1	it	it	PRON
ftr-442	88	2	is	be	AUX
ftr-442	88	3	conventional	conventional	ADJ
ftr-442	88	4	wisdom	wisdom	NOUN
ftr-442	88	5	that	that	PRON
ftr-442	88	6	subchapter	subchapter	NOUN
ftr-442	88	7	k	k	PROPN
ftr-442	88	8	has	have	AUX
ftr-442	88	9	,	,	PUNCT
ftr-442	88	10	from	from	ADP
ftr-442	88	11	its	its	PRON
ftr-442	88	12	inception	inception	NOUN
ftr-442	88	13	in	in	ADP
ftr-442	88	14	1954	1954	NUM
ftr-442	88	15	,	,	PUNCT
ftr-442	88	16	consisted	consist	VERB
ftr-442	88	17	of	of	ADP
ftr-442	88	18	an	an	DET
ftr-442	88	19	amalgam	amalgam	NOUN
ftr-442	88	20	of	of	ADP
ftr-442	88	21	aggregate	aggregate	ADJ
ftr-442	88	22	concepts	concept	NOUN
ftr-442	88	23	(	(	PUNCT
ftr-442	88	24	viewing	view	VERB
ftr-442	88	25	the	the	DET
ftr-442	88	26	partnership	partnership	NOUN
ftr-442	88	27	as	as	ADP
ftr-442	88	28	only	only	ADV
ftr-442	88	29	an	an	DET
ftr-442	88	30	aggregation	aggregation	NOUN
ftr-442	88	31	of	of	ADP
ftr-442	88	32	the	the	DET
ftr-442	88	33	separate	separate	ADJ
ftr-442	88	34	interests	interest	NOUN
ftr-442	88	35	of	of	ADP
ftr-442	88	36	the	the	DET
ftr-442	88	37	partners	partner	NOUN
ftr-442	88	38	)	)	PUNCT
ftr-442	88	39	and	and	CCONJ
ftr-442	88	40	entity	entity	NOUN
ftr-442	88	41	concepts	concept	NOUN
ftr-442	88	42	(	(	PUNCT
ftr-442	88	43	viewing	view	VERB
ftr-442	88	44	the	the	DET
ftr-442	88	45	partnership	partnership	NOUN
ftr-442	88	46	as	as	ADP
ftr-442	88	47	an	an	DET
ftr-442	88	48	entity	entity	NOUN
ftr-442	88	49	separate	separate	ADJ
ftr-442	88	50	from	from	ADP
ftr-442	88	51	its	its	PRON
ftr-442	88	52	owners	owner	NOUN
ftr-442	88	53	)	)	PUNCT
ftr-442	88	54	.	.	PUNCT
ftr-442	89	1	the	the	DET
ftr-442	89	2	approach	approach	NOUN
ftr-442	89	3	of	of	ADP
ftr-442	89	4	allocating	allocate	VERB
ftr-442	89	5	partnership	partnership	NOUN
ftr-442	89	6	income	income	NOUN
ftr-442	89	7	among	among	ADP
ftr-442	89	8	the	the	DET
ftr-442	89	9	returns	return	NOUN
ftr-442	89	10	of	of	ADP
ftr-442	89	11	the	the	DET
ftr-442	89	12	partners	partner	NOUN
ftr-442	89	13	,	,	PUNCT
ftr-442	89	14	rather	rather	ADV
ftr-442	89	15	than	than	ADP
ftr-442	89	16	taxing	tax	VERB
ftr-442	89	17	the	the	DET
ftr-442	89	18	partnership	partnership	NOUN
ftr-442	89	19	on	on	ADP
ftr-442	89	20	the	the	DET
ftr-442	89	21	income	income	NOUN
ftr-442	89	22	,	,	PUNCT
ftr-442	89	23	is	be	AUX
ftr-442	89	24	an	an	DET
ftr-442	89	25	aggregate	aggregate	ADJ
ftr-442	89	26	concept	concept	NOUN
ftr-442	89	27	,	,	PUNCT
ftr-442	89	28	but	but	CCONJ
ftr-442	89	29	even	even	ADV
ftr-442	89	30	the	the	DET
ftr-442	89	31	implementation	implementation	NOUN
ftr-442	89	32	of	of	ADP
ftr-442	89	33	that	that	DET
ftr-442	89	34	approach	approach	NOUN
ftr-442	89	35	has	have	VERB
ftr-442	89	36	strong	strong	ADJ
ftr-442	89	37	entity	entity	NOUN
ftr-442	89	38	aspects	aspect	NOUN
ftr-442	89	39	.	.	PUNCT
ftr-442	90	1	assume	assume	VERB
ftr-442	90	2	x	x	PART
ftr-442	90	3	owns	own	VERB
ftr-442	90	4	an	an	DET
ftr-442	90	5	apartment	apartment	NOUN
ftr-442	90	6	building	building	NOUN
ftr-442	90	7	and	and	CCONJ
ftr-442	90	8	y	y	PROPN
ftr-442	90	9	owns	own	VERB
ftr-442	90	10	an	an	DET
ftr-442	90	11	airplane	airplane	NOUN
ftr-442	90	12	;	;	PUNCT
ftr-442	90	13	they	they	PRON
ftr-442	90	14	agree	agree	VERB
ftr-442	90	15	that	that	SCONJ
ftr-442	90	16	(	(	PUNCT
ftr-442	90	17	1	1	X
ftr-442	90	18	)	)	PUNCT
ftr-442	90	19	x	x	PRON
ftr-442	90	20	will	will	AUX
ftr-442	90	21	claim	claim	VERB
ftr-442	90	22	depreciation	depreciation	NOUN
ftr-442	90	23	deductions	deduction	NOUN
ftr-442	90	24	for	for	ADP
ftr-442	90	25	both	both	CCONJ
ftr-442	90	26	the	the	DET
ftr-442	90	27	building	building	NOUN
ftr-442	90	28	and	and	CCONJ
ftr-442	90	29	the	the	DET
ftr-442	90	30	airplane	airplane	NOUN
ftr-442	90	31	,	,	PUNCT
ftr-442	90	32	(	(	PUNCT
ftr-442	90	33	2	2	X
ftr-442	90	34	)	)	PUNCT
ftr-442	90	35	gain	gain	NOUN
ftr-442	90	36	on	on	ADP
ftr-442	90	37	the	the	DET
ftr-442	90	38	eventual	eventual	ADJ
ftr-442	90	39	sales	sale	NOUN
ftr-442	90	40	of	of	ADP
ftr-442	90	41	both	both	DET
ftr-442	90	42	items	item	NOUN
ftr-442	90	43	will	will	AUX
ftr-442	90	44	be	be	AUX
ftr-442	90	45	reported	report	VERB
ftr-442	90	46	by	by	ADP
ftr-442	90	47	x	x	PUNCT
ftr-442	90	48	to	to	ADP
ftr-442	90	49	the	the	DET
ftr-442	90	50	extent	extent	NOUN
ftr-442	90	51	of	of	ADP
ftr-442	90	52	the	the	DET
ftr-442	90	53	aggregate	aggregate	NOUN
ftr-442	90	54	of	of	ADP
ftr-442	90	55	the	the	DET
ftr-442	90	56	depreciation	depreciation	NOUN
ftr-442	90	57	deductions	deduction	NOUN
ftr-442	90	58	,	,	PUNCT
ftr-442	90	59	and	and	CCONJ
ftr-442	90	60	(	(	PUNCT
ftr-442	90	61	3	3	X
ftr-442	90	62	)	)	PUNCT
ftr-442	90	63	x	x	PRON
ftr-442	90	64	will	will	AUX
ftr-442	90	65	make	make	VERB
ftr-442	90	66	a	a	DET
ftr-442	90	67	payment	payment	NOUN
ftr-442	90	68	to	to	ADP
ftr-442	90	69	y	y	PROPN
ftr-442	90	70	in	in	ADP
ftr-442	90	71	the	the	DET
ftr-442	90	72	event	event	NOUN
ftr-442	90	73	the	the	DET
ftr-442	90	74	price	price	NOUN
ftr-442	90	75	received	receive	VERB
ftr-442	90	76	on	on	ADP
ftr-442	90	77	sale	sale	NOUN
ftr-442	90	78	of	of	ADP
ftr-442	90	79	the	the	DET
ftr-442	90	80	airplane	airplane	NOUN
ftr-442	90	81	falls	fall	VERB
ftr-442	90	82	short	short	ADV
ftr-442	90	83	of	of	ADP
ftr-442	90	84	the	the	DET
ftr-442	90	85	property	property	NOUN
ftr-442	90	86	's	's	PART
ftr-442	90	87	value	value	NOUN
ftr-442	90	88	when	when	SCONJ
ftr-442	90	89	the	the	DET
ftr-442	90	90	agreement	agreement	NOUN
ftr-442	90	91	is	be	AUX
ftr-442	90	92	made	make	VERB
ftr-442	90	93	.	.	PUNCT
ftr-442	91	1	this	this	DET
ftr-442	91	2	agreement	agreement	NOUN
ftr-442	91	3	is	be	AUX
ftr-442	91	4	ineffective	ineffective	ADJ
ftr-442	91	5	because	because	SCONJ
ftr-442	91	6	depreciation	depreciation	NOUN
ftr-442	91	7	deductions	deduction	NOUN
ftr-442	91	8	may	may	AUX
ftr-442	91	9	only	only	ADV
ftr-442	91	10	be	be	AUX
ftr-442	91	11	taken	take	VERB
ftr-442	91	12	by	by	ADP
ftr-442	91	13	the	the	DET
ftr-442	91	14	owner	owner	NOUN
ftr-442	91	15	of	of	ADP
ftr-442	91	16	property	property	NOUN
ftr-442	91	17	,	,	PUNCT
ftr-442	91	18	the	the	DET
ftr-442	91	19	owner	owner	NOUN
ftr-442	91	20	must	must	AUX
ftr-442	91	21	report	report	VERB
ftr-442	91	22	all	all	DET
ftr-442	91	23	gain	gain	NOUN
ftr-442	91	24	on	on	ADP
ftr-442	91	25	the	the	DET
ftr-442	91	26	property	property	NOUN
ftr-442	91	27	's	's	PART
ftr-442	91	28	sale	sale	NOUN
ftr-442	91	29	,	,	PUNCT
ftr-442	91	30	and	and	CCONJ
ftr-442	91	31	these	these	DET
ftr-442	91	32	items	item	NOUN
ftr-442	91	33	may	may	AUX
ftr-442	91	34	not	not	PART
ftr-442	91	35	be	be	AUX
ftr-442	91	36	transferred	transfer	VERB
ftr-442	91	37	by	by	ADP
ftr-442	91	38	contract	contract	NOUN
ftr-442	91	39	to	to	ADP
ftr-442	91	40	a	a	DET
ftr-442	91	41	taxpayer	taxpayer	NOUN
ftr-442	91	42	other	other	ADJ
ftr-442	91	43	than	than	ADP
ftr-442	91	44	the	the	DET
ftr-442	91	45	owner	owner	NOUN
ftr-442	91	46	.	.	PUNCT
ftr-442	92	1	this	this	DET
ftr-442	92	2	principle	principle	NOUN
ftr-442	92	3	is	be	AUX
ftr-442	92	4	so	so	ADV
ftr-442	92	5	fundamental	fundamental	ADJ
ftr-442	92	6	that	that	SCONJ
ftr-442	92	7	returns	return	NOUN
ftr-442	92	8	filed	file	VERB
ftr-442	92	9	by	by	ADP
ftr-442	92	10	x	x	PUNCT
ftr-442	92	11	and	and	CCONJ
ftr-442	92	12	y	y	PROPN
ftr-442	92	13	consistently	consistently	ADV
ftr-442	92	14	with	with	ADP
ftr-442	92	15	their	their	PRON
ftr-442	92	16	agreement	agreement	NOUN
ftr-442	92	17	would	would	AUX
ftr-442	92	18	be	be	AUX
ftr-442	92	19	vulnerable	vulnerable	ADJ
ftr-442	92	20	to	to	ADP
ftr-442	92	21	a	a	DET
ftr-442	92	22	charge	charge	NOUN
ftr-442	92	23	of	of	ADP
ftr-442	92	24	fraud	fraud	NOUN
ftr-442	92	25	.	.	PUNCT
ftr-442	93	1	15	15	NUM
ftr-442	93	2	.	.	PUNCT
ftr-442	94	1	i	i	PRON
ftr-442	94	2	d.	d.	PROPN
ftr-442	94	3	19991	19991	NUM
ftr-442	94	4	florida	florida	PROPN
ftr-442	94	5	tax	tax	PROPN
ftr-442	94	6	review	review	NOUN
ftr-442	94	7	however	however	ADV
ftr-442	94	8	,	,	PUNCT
ftr-442	94	9	if	if	SCONJ
ftr-442	94	10	x	x	PRON
ftr-442	94	11	and	and	CCONJ
ftr-442	94	12	y	y	PROPN
ftr-442	94	13	contribute	contribute	VERB
ftr-442	94	14	the	the	DET
ftr-442	94	15	building	building	NOUN
ftr-442	94	16	and	and	CCONJ
ftr-442	94	17	airplane	airplane	NOUN
ftr-442	94	18	to	to	ADP
ftr-442	94	19	the	the	DET
ftr-442	94	20	xy	xy	PROPN
ftr-442	94	21	partnership	partnership	NOUN
ftr-442	94	22	and	and	CCONJ
ftr-442	94	23	incorporate	incorporate	VERB
ftr-442	94	24	their	their	PRON
ftr-442	94	25	agreement	agreement	NOUN
ftr-442	94	26	into	into	ADP
ftr-442	94	27	the	the	DET
ftr-442	94	28	partnership	partnership	NOUN
ftr-442	94	29	agreement	agreement	NOUN
ftr-442	94	30	,	,	PUNCT
ftr-442	94	31	the	the	DET
ftr-442	94	32	agreement	agreement	NOUN
ftr-442	94	33	can	can	AUX
ftr-442	94	34	be	be	AUX
ftr-442	94	35	given	give	VERB
ftr-442	94	36	full	full	ADJ
ftr-442	94	37	effect	effect	NOUN
ftr-442	94	38	for	for	ADP
ftr-442	94	39	tax	tax	NOUN
ftr-442	94	40	purposes	purpose	NOUN
ftr-442	94	41	.	.	PUNCT
ftr-442	95	1	after	after	ADP
ftr-442	95	2	the	the	DET
ftr-442	95	3	contributions	contribution	NOUN
ftr-442	95	4	,	,	PUNCT
ftr-442	95	5	the	the	DET
ftr-442	95	6	income	income	NOUN
ftr-442	95	7	from	from	ADP
ftr-442	95	8	the	the	DET
ftr-442	95	9	contributed	contribute	VERB
ftr-442	95	10	property	property	NOUN
ftr-442	95	11	will	will	AUX
ftr-442	95	12	be	be	AUX
ftr-442	95	13	income	income	NOUN
ftr-442	95	14	of	of	ADP
ftr-442	95	15	an	an	DET
ftr-442	95	16	entity	entity	NOUN
ftr-442	95	17	(	(	PUNCT
ftr-442	95	18	the	the	DET
ftr-442	95	19	partnership	partnership	NOUN
ftr-442	95	20	)	)	PUNCT
ftr-442	95	21	,	,	PUNCT
ftr-442	95	22	and	and	CCONJ
ftr-442	95	23	subchapter	subchapter	NOUN
ftr-442	95	24	k	k	PROPN
ftr-442	95	25	gives	give	VERB
ftr-442	95	26	effect	effect	NOUN
ftr-442	95	27	to	to	ADP
ftr-442	95	28	an	an	DET
ftr-442	95	29	allocation	allocation	NOUN
ftr-442	95	30	of	of	ADP
ftr-442	95	31	the	the	DET
ftr-442	95	32	entity	entity	NOUN
ftr-442	95	33	's	's	PART
ftr-442	95	34	income	income	NOUN
ftr-442	95	35	among	among	ADP
ftr-442	95	36	the	the	DET
ftr-442	95	37	owners	owner	NOUN
ftr-442	95	38	,	,	PUNCT
ftr-442	95	39	so	so	ADV
ftr-442	95	40	long	long	ADV
ftr-442	95	41	as	as	SCONJ
ftr-442	95	42	the	the	DET
ftr-442	95	43	allocation	allocation	NOUN
ftr-442	95	44	has	have	VERB
ftr-442	95	45	substantial	substantial	ADJ
ftr-442	95	46	economic	economic	ADJ
ftr-442	95	47	effect	effect	NOUN
ftr-442	95	48	.	.	PUNCT
ftr-442	96	1	the	the	DET
ftr-442	96	2	partnership	partnership	NOUN
ftr-442	96	3	entity	entity	NOUN
ftr-442	96	4	thus	thus	ADV
ftr-442	96	5	has	have	VERB
ftr-442	96	6	a	a	DET
ftr-442	96	7	tax	tax	NOUN
ftr-442	96	8	consequence	consequence	NOUN
ftr-442	96	9	not	not	PART
ftr-442	96	10	achievable	achievable	ADJ
ftr-442	96	11	by	by	ADP
ftr-442	96	12	other	other	ADJ
ftr-442	96	13	means	mean	NOUN
ftr-442	96	14	of	of	ADP
ftr-442	96	15	aggregating	aggregate	VERB
ftr-442	96	16	the	the	DET
ftr-442	96	17	interests	interest	NOUN
ftr-442	96	18	of	of	ADP
ftr-442	96	19	x	x	PUNCT
ftr-442	96	20	and	and	CCONJ
ftr-442	96	21	y.	y.	PROPN
ftr-442	96	22	similarly	similarly	ADV
ftr-442	96	23	,	,	PUNCT
ftr-442	96	24	although	although	SCONJ
ftr-442	96	25	the	the	DET
ftr-442	96	26	rules	rule	NOUN
ftr-442	96	27	generally	generally	ADV
ftr-442	96	28	allowing	allow	VERB
ftr-442	96	29	property	property	NOUN
ftr-442	96	30	to	to	PART
ftr-442	96	31	be	be	AUX
ftr-442	96	32	contributed	contribute	VERB
ftr-442	96	33	to	to	ADP
ftr-442	96	34	or	or	CCONJ
ftr-442	96	35	distributed	distribute	VERB
ftr-442	96	36	from	from	ADP
ftr-442	96	37	a	a	DET
ftr-442	96	38	partnership	partnership	NOUN
ftr-442	96	39	without	without	ADP
ftr-442	96	40	recognition	recognition	NOUN
ftr-442	96	41	of	of	ADP
ftr-442	96	42	gain	gain	NOUN
ftr-442	96	43	or	or	CCONJ
ftr-442	96	44	loss	loss	NOUN
ftr-442	96	45	have	have	VERB
ftr-442	96	46	an	an	DET
ftr-442	96	47	aggregate	aggregate	ADJ
ftr-442	96	48	flavor	flavor	NOUN
ftr-442	96	49	,	,	PUNCT
ftr-442	96	50	they	they	PRON
ftr-442	96	51	also	also	ADV
ftr-442	96	52	reflect	reflect	VERB
ftr-442	96	53	an	an	DET
ftr-442	96	54	entity	entity	NOUN
ftr-442	96	55	conception	conception	NOUN
ftr-442	96	56	of	of	ADP
ftr-442	96	57	the	the	DET
ftr-442	96	58	partnership	partnership	NOUN
ftr-442	96	59	.	.	PUNCT
ftr-442	97	1	for	for	ADP
ftr-442	97	2	example	example	NOUN
ftr-442	97	3	,	,	PUNCT
ftr-442	97	4	if	if	SCONJ
ftr-442	97	5	x	x	PRON
ftr-442	97	6	swaps	swap	VERB
ftr-442	97	7	an	an	DET
ftr-442	97	8	undivided	undivided	ADJ
ftr-442	97	9	one	one	NUM
ftr-442	97	10	half	half	NOUN
ftr-442	97	11	interest	interest	NOUN
ftr-442	97	12	in	in	ADP
ftr-442	97	13	her	her	PRON
ftr-442	97	14	building	building	NOUN
ftr-442	97	15	for	for	ADP
ftr-442	97	16	an	an	DET
ftr-442	97	17	undivided	undivided	ADJ
ftr-442	97	18	one	one	NUM
ftr-442	97	19	half	half	NOUN
ftr-442	97	20	interest	interest	NOUN
ftr-442	97	21	in	in	ADP
ftr-442	97	22	y	y	PROPN
ftr-442	97	23	's	's	PART
ftr-442	97	24	airplane	airplane	NOUN
ftr-442	97	25	,	,	PUNCT
ftr-442	97	26	x	x	PUNCT
ftr-442	97	27	and	and	CCONJ
ftr-442	97	28	y	y	PROPN
ftr-442	97	29	both	both	PRON
ftr-442	97	30	recognize	recognize	VERB
ftr-442	97	31	gain	gain	NOUN
ftr-442	97	32	on	on	ADP
ftr-442	97	33	the	the	DET
ftr-442	97	34	exchange	exchange	NOUN
ftr-442	97	35	.	.	PUNCT
ftr-442	98	1	however	however	ADV
ftr-442	98	2	,	,	PUNCT
ftr-442	98	3	if	if	SCONJ
ftr-442	98	4	x	x	PRON
ftr-442	98	5	and	and	CCONJ
ftr-442	98	6	y	y	PROPN
ftr-442	98	7	contribute	contribute	VERB
ftr-442	98	8	the	the	DET
ftr-442	98	9	building	building	NOUN
ftr-442	98	10	and	and	CCONJ
ftr-442	98	11	airplane	airplane	NOUN
ftr-442	98	12	to	to	ADP
ftr-442	98	13	the	the	DET
ftr-442	98	14	xy	xy	PROPN
ftr-442	98	15	partnership	partnership	NOUN
ftr-442	98	16	,	,	PUNCT
ftr-442	98	17	neither	neither	CCONJ
ftr-442	98	18	recognizes	recognize	VERB
ftr-442	98	19	gain	gain	NOUN
ftr-442	98	20	or	or	CCONJ
ftr-442	98	21	loss	loss	NOUN
ftr-442	98	22	,	,	PUNCT
ftr-442	98	23	even	even	ADV
ftr-442	98	24	though	though	SCONJ
ftr-442	98	25	the	the	DET
ftr-442	98	26	effect	effect	NOUN
ftr-442	98	27	of	of	ADP
ftr-442	98	28	the	the	DET
ftr-442	98	29	transaction	transaction	NOUN
ftr-442	98	30	is	be	AUX
ftr-442	98	31	that	that	SCONJ
ftr-442	98	32	x	x	SYM
ftr-442	98	33	exchanges	exchange	NOUN
ftr-442	98	34	100	100	NUM
ftr-442	98	35	%	%	NOUN
ftr-442	98	36	direct	direct	ADJ
ftr-442	98	37	ownership	ownership	NOUN
ftr-442	98	38	of	of	ADP
ftr-442	98	39	the	the	DET
ftr-442	98	40	building	building	NOUN
ftr-442	98	41	for	for	ADP
ftr-442	98	42	50	50	NUM
ftr-442	98	43	%	%	NOUN
ftr-442	98	44	indirect	indirect	ADJ
ftr-442	98	45	ownership	ownership	NOUN
ftr-442	98	46	of	of	ADP
ftr-442	98	47	the	the	DET
ftr-442	98	48	building	building	NOUN
ftr-442	98	49	and	and	CCONJ
ftr-442	98	50	the	the	DET
ftr-442	98	51	airplane	airplane	NOUN
ftr-442	98	52	.	.	PUNCT
ftr-442	99	1	similarly	similarly	ADV
ftr-442	99	2	,	,	PUNCT
ftr-442	99	3	if	if	SCONJ
ftr-442	99	4	a	a	DET
ftr-442	99	5	partnership	partnership	NOUN
ftr-442	99	6	purchases	purchase	VERB
ftr-442	99	7	land	land	NOUN
ftr-442	99	8	and	and	CCONJ
ftr-442	99	9	,	,	PUNCT
ftr-442	99	10	several	several	ADJ
ftr-442	99	11	years	year	NOUN
ftr-442	99	12	later	later	ADV
ftr-442	99	13	,	,	PUNCT
ftr-442	99	14	distributes	distribute	VERB
ftr-442	99	15	the	the	DET
ftr-442	99	16	land	land	NOUN
ftr-442	99	17	to	to	ADP
ftr-442	99	18	one	one	NUM
ftr-442	99	19	of	of	ADP
ftr-442	99	20	its	its	PRON
ftr-442	99	21	partners	partner	NOUN
ftr-442	99	22	in	in	ADP
ftr-442	99	23	liquidation	liquidation	NOUN
ftr-442	99	24	of	of	ADP
ftr-442	99	25	the	the	DET
ftr-442	99	26	partner	partner	NOUN
ftr-442	99	27	's	's	PART
ftr-442	99	28	interest	interest	NOUN
ftr-442	99	29	,	,	PUNCT
ftr-442	99	30	generally	generally	ADV
ftr-442	99	31	,	,	PUNCT
ftr-442	99	32	gain	gain	NOUN
ftr-442	99	33	or	or	CCONJ
ftr-442	99	34	loss	loss	NOUN
ftr-442	99	35	is	be	AUX
ftr-442	99	36	not	not	PART
ftr-442	99	37	recognized	recognize	VERB
ftr-442	99	38	by	by	ADP
ftr-442	99	39	the	the	DET
ftr-442	99	40	partnership	partnership	NOUN
ftr-442	99	41	or	or	CCONJ
ftr-442	99	42	any	any	PRON
ftr-442	99	43	of	of	ADP
ftr-442	99	44	the	the	DET
ftr-442	99	45	partners	partner	NOUN
ftr-442	99	46	as	as	ADP
ftr-442	99	47	a	a	DET
ftr-442	99	48	result	result	NOUN
ftr-442	99	49	of	of	ADP
ftr-442	99	50	the	the	DET
ftr-442	99	51	distribution	distribution	NOUN
ftr-442	99	52	,	,	PUNCT
ftr-442	99	53	even	even	ADV
ftr-442	99	54	though	though	SCONJ
ftr-442	99	55	the	the	DET
ftr-442	99	56	distribution	distribution	NOUN
ftr-442	99	57	exchanges	exchange	VERB
ftr-442	99	58	the	the	DET
ftr-442	99	59	distributee	distributee	NOUN
ftr-442	99	60	's	's	PART
ftr-442	99	61	indirect	indirect	ADJ
ftr-442	99	62	interest	interest	NOUN
ftr-442	99	63	in	in	ADP
ftr-442	99	64	the	the	DET
ftr-442	99	65	bundle	bundle	NOUN
ftr-442	99	66	of	of	ADP
ftr-442	99	67	partnership	partnership	NOUN
ftr-442	99	68	assets	asset	NOUN
ftr-442	99	69	for	for	ADP
ftr-442	99	70	direct	direct	ADJ
ftr-442	99	71	ownership	ownership	NOUN
ftr-442	99	72	of	of	ADP
ftr-442	99	73	one	one	NUM
ftr-442	99	74	of	of	ADP
ftr-442	99	75	these	these	DET
ftr-442	99	76	assets	asset	NOUN
ftr-442	99	77	.	.	PUNCT
ftr-442	100	1	these	these	DET
ftr-442	100	2	exchanges	exchange	NOUN
ftr-442	100	3	are	be	AUX
ftr-442	100	4	apparently	apparently	ADV
ftr-442	100	5	allowed	allow	VERB
ftr-442	100	6	tax	tax	NOUN
ftr-442	100	7	-	-	PUNCT
ftr-442	100	8	free	free	ADJ
ftr-442	100	9	because	because	SCONJ
ftr-442	100	10	congress	congress	PROPN
ftr-442	100	11	conceived	conceive	VERB
ftr-442	100	12	of	of	ADP
ftr-442	100	13	the	the	DET
ftr-442	100	14	partnership	partnership	NOUN
ftr-442	100	15	as	as	ADP
ftr-442	100	16	a	a	DET
ftr-442	100	17	business	business	NOUN
ftr-442	100	18	and	and	CCONJ
ftr-442	100	19	investment	investment	NOUN
ftr-442	100	20	entity	entity	NOUN
ftr-442	100	21	whose	whose	DET
ftr-442	100	22	economic	economic	ADJ
ftr-442	100	23	usefulness	usefulness	NOUN
ftr-442	100	24	would	would	AUX
ftr-442	100	25	be	be	AUX
ftr-442	100	26	diminished	diminish	VERB
ftr-442	100	27	by	by	ADP
ftr-442	100	28	the	the	DET
ftr-442	100	29	taxation	taxation	NOUN
ftr-442	100	30	of	of	ADP
ftr-442	100	31	gains	gain	NOUN
ftr-442	100	32	realized	realize	VERB
ftr-442	100	33	when	when	SCONJ
ftr-442	100	34	property	property	NOUN
ftr-442	100	35	enters	enter	VERB
ftr-442	100	36	or	or	CCONJ
ftr-442	100	37	leaves	leave	VERB
ftr-442	100	38	the	the	DET
ftr-442	100	39	entity	entity	NOUN
ftr-442	100	40	.	.	PUNCT
ftr-442	101	1	the	the	DET
ftr-442	101	2	entity	entity	NOUN
ftr-442	101	3	aspects	aspect	NOUN
ftr-442	101	4	of	of	ADP
ftr-442	101	5	subchapter	subchapter	NOUN
ftr-442	101	6	k	k	PROPN
ftr-442	101	7	are	be	AUX
ftr-442	101	8	the	the	DET
ftr-442	101	9	source	source	NOUN
ftr-442	101	10	of	of	ADP
ftr-442	101	11	the	the	DET
ftr-442	101	12	great	great	ADJ
ftr-442	101	13	flexibility	flexibility	NOUN
ftr-442	101	14	of	of	ADP
ftr-442	101	15	the	the	DET
ftr-442	101	16	partnership	partnership	NOUN
ftr-442	101	17	for	for	ADP
ftr-442	101	18	tax	tax	NOUN
ftr-442	101	19	purposes	purpose	NOUN
ftr-442	101	20	.	.	PUNCT
ftr-442	102	1	by	by	ADP
ftr-442	102	2	treating	treat	VERB
ftr-442	102	3	a	a	DET
ftr-442	102	4	partnership	partnership	NOUN
ftr-442	102	5	as	as	ADP
ftr-442	102	6	an	an	DET
ftr-442	102	7	entity	entity	NOUN
ftr-442	102	8	separate	separate	ADJ
ftr-442	102	9	from	from	ADP
ftr-442	102	10	its	its	PRON
ftr-442	102	11	partners	partner	NOUN
ftr-442	102	12	and	and	CCONJ
ftr-442	102	13	a	a	DET
ftr-442	102	14	partnership	partnership	NOUN
ftr-442	102	15	interest	interest	NOUN
ftr-442	102	16	as	as	ADP
ftr-442	102	17	an	an	DET
ftr-442	102	18	interest	interest	NOUN
ftr-442	102	19	in	in	ADP
ftr-442	102	20	an	an	DET
ftr-442	102	21	entity	entity	NOUN
ftr-442	102	22	,	,	PUNCT
ftr-442	102	23	not	not	PART
ftr-442	102	24	a	a	DET
ftr-442	102	25	collection	collection	NOUN
ftr-442	102	26	of	of	ADP
ftr-442	102	27	proportionate	proportionate	ADJ
ftr-442	102	28	interests	interest	NOUN
ftr-442	102	29	in	in	ADP
ftr-442	102	30	partnership	partnership	NOUN
ftr-442	102	31	assets	asset	NOUN
ftr-442	102	32	,	,	PUNCT
ftr-442	102	33	the	the	DET
ftr-442	102	34	law	law	NOUN
ftr-442	102	35	allows	allow	VERB
ftr-442	102	36	partners	partner	NOUN
ftr-442	102	37	to	to	PART
ftr-442	102	38	share	share	VERB
ftr-442	102	39	partnership	partnership	NOUN
ftr-442	102	40	income	income	NOUN
ftr-442	102	41	,	,	PUNCT
ftr-442	102	42	deductions	deduction	NOUN
ftr-442	102	43	,	,	PUNCT
ftr-442	102	44	and	and	CCONJ
ftr-442	102	45	property	property	NOUN
ftr-442	102	46	in	in	ADP
ftr-442	102	47	ways	way	NOUN
ftr-442	102	48	that	that	PRON
ftr-442	102	49	practically	practically	ADV
ftr-442	102	50	suit	suit	VERB
ftr-442	102	51	their	their	PRON
ftr-442	102	52	business	business	NOUN
ftr-442	102	53	or	or	CCONJ
ftr-442	102	54	investment	investment	NOUN
ftr-442	102	55	goals	goal	NOUN
ftr-442	102	56	,	,	PUNCT
ftr-442	102	57	without	without	ADP
ftr-442	102	58	unwanted	unwanted	ADJ
ftr-442	102	59	tax	tax	NOUN
ftr-442	102	60	consequences	consequence	NOUN
ftr-442	102	61	springing	spring	VERB
ftr-442	102	62	out	out	ADP
ftr-442	102	63	of	of	ADP
ftr-442	102	64	shifts	shift	NOUN
ftr-442	102	65	in	in	ADP
ftr-442	102	66	their	their	PRON
ftr-442	102	67	claims	claim	NOUN
ftr-442	102	68	to	to	PART
ftr-442	102	69	partnership	partnership	VERB
ftr-442	102	70	property	property	NOUN
ftr-442	102	71	.	.	PUNCT
ftr-442	103	1	however	however	ADV
ftr-442	103	2	,	,	PUNCT
ftr-442	103	3	the	the	DET
ftr-442	103	4	very	very	ADV
ftr-442	103	5	same	same	ADJ
ftr-442	103	6	flexibility	flexibility	NOUN
ftr-442	103	7	is	be	AUX
ftr-442	103	8	also	also	ADV
ftr-442	103	9	the	the	DET
ftr-442	103	10	source	source	NOUN
ftr-442	103	11	of	of	ADP
ftr-442	103	12	subchapter	subchapter	NOUN
ftr-442	103	13	k	k	PROPN
ftr-442	103	14	's	's	PART
ftr-442	103	15	burgeoning	burgeon	VERB
ftr-442	103	16	complexity	complexity	NOUN
ftr-442	103	17	because	because	SCONJ
ftr-442	103	18	it	it	PRON
ftr-442	103	19	permits	permit	VERB
ftr-442	103	20	the	the	DET
ftr-442	103	21	partners	partner	NOUN
ftr-442	103	22	to	to	PART
ftr-442	103	23	shift	shift	VERB
ftr-442	103	24	income	income	NOUN
ftr-442	103	25	,	,	PUNCT
ftr-442	103	26	deductions	deduction	NOUN
ftr-442	103	27	,	,	PUNCT
ftr-442	103	28	and	and	CCONJ
ftr-442	103	29	other	other	ADJ
ftr-442	103	30	tax	tax	NOUN
ftr-442	103	31	attributes	attribute	NOUN
ftr-442	103	32	among	among	ADP
ftr-442	103	33	the	the	DET
ftr-442	103	34	partners	partner	NOUN
ftr-442	103	35	in	in	ADP
ftr-442	103	36	ways	way	NOUN
ftr-442	103	37	that	that	PRON
ftr-442	103	38	minimize	minimize	VERB
ftr-442	103	39	tax	tax	NOUN
ftr-442	103	40	obligations	obligation	NOUN
ftr-442	103	41	with	with	ADP
ftr-442	103	42	little	little	ADJ
ftr-442	103	43	or	or	CCONJ
ftr-442	103	44	no	no	PRON
ftr-442	103	45	economic	economic	ADJ
ftr-442	103	46	cost	cost	NOUN
ftr-442	103	47	.	.	PUNCT
ftr-442	104	1	in	in	ADP
ftr-442	104	2	this	this	DET
ftr-442	104	3	writer	writer	NOUN
ftr-442	104	4	's	's	PART
ftr-442	104	5	opinion	opinion	NOUN
ftr-442	104	6	,	,	PUNCT
ftr-442	104	7	because	because	SCONJ
ftr-442	104	8	subchapter	subchapter	PROPN
ftr-442	104	9	k	k	PROPN
ftr-442	104	10	's	's	PART
ftr-442	104	11	flexibility	flexibility	NOUN
ftr-442	104	12	and	and	CCONJ
ftr-442	104	13	susceptibility	susceptibility	NOUN
ftr-442	104	14	to	to	PART
ftr-442	104	15	abuse	abuse	VERB
ftr-442	104	16	derive	derive	ADJ
ftr-442	104	17	from	from	ADP
ftr-442	104	18	the	the	DET
ftr-442	104	19	same	same	ADJ
ftr-442	104	20	source	source	NOUN
ftr-442	104	21	,	,	PUNCT
ftr-442	104	22	the	the	DET
ftr-442	104	23	balances	balance	NOUN
ftr-442	104	24	struck	strike	VERB
ftr-442	104	25	in	in	ADP
ftr-442	104	26	the	the	DET
ftr-442	104	27	statutory	statutory	ADJ
ftr-442	104	28	scheme	scheme	NOUN
ftr-442	104	29	are	be	AUX
ftr-442	104	30	inherently	inherently	ADV
ftr-442	104	31	unstable	unstable	ADJ
ftr-442	104	32	.	.	PUNCT
ftr-442	105	1	uses	use	NOUN
ftr-442	105	2	of	of	ADP
ftr-442	105	3	the	the	DET
ftr-442	105	4	partnership	partnership	NOUN
ftr-442	105	5	rules	rule	VERB
ftr-442	105	6	that	that	PRON
ftr-442	105	7	the	the	DET
ftr-442	105	8	treasury	treasury	NOUN
ftr-442	105	9	finds	find	VERB
ftr-442	105	10	to	to	PART
ftr-442	105	11	be	be	AUX
ftr-442	105	12	abusive	abusive	ADJ
ftr-442	105	13	will	will	AUX
ftr-442	105	14	continue	continue	VERB
ftr-442	105	15	to	to	PART
ftr-442	105	16	push	push	VERB
ftr-442	105	17	the	the	DET
ftr-442	105	18	law	law	NOUN
ftr-442	105	19	further	far	ADV
ftr-442	105	20	into	into	ADP
ftr-442	105	21	complexity	complexity	NOUN
ftr-442	105	22	,	,	PUNCT
ftr-442	105	23	and	and	CCONJ
ftr-442	105	24	this	this	DET
ftr-442	105	25	complexity	complexity	NOUN
ftr-442	105	26	will	will	AUX
ftr-442	105	27	makes	make	VERB
ftr-442	105	28	compliance	compliance	NOUN
ftr-442	105	29	less	less	ADJ
ftr-442	105	30	and	and	CCONJ
ftr-442	105	31	less	less	ADV
ftr-442	105	32	feasible	feasible	ADJ
ftr-442	105	33	for	for	ADP
ftr-442	105	34	more	more	ADJ
ftr-442	105	35	and	and	CCONJ
ftr-442	105	36	more	more	ADJ
ftr-442	105	37	partnerships	partnership	NOUN
ftr-442	105	38	.	.	PUNCT
ftr-442	106	1	[	[	X
ftr-442	106	2	vol	vol	NOUN
ftr-442	106	3	,	,	PUNCT
ftr-442	106	4	4:3	4:3	NUM
ftr-442	106	5	taxation	taxation	NOUN
ftr-442	106	6	of	of	ADP
ftr-442	106	7	private	private	ADJ
ftr-442	106	8	business	business	NOUN
ftr-442	106	9	finns	finns	PROPN
ftr-442	106	10	m.	m.	PROPN
ftr-442	106	11	partnership	partnership	PROPN
ftr-442	106	12	allocations	allocation	NOUN
ftr-442	106	13	section	section	NOUN
ftr-442	106	14	704(b	704(b	PROPN
ftr-442	106	15	)	)	PUNCT
ftr-442	106	16	denies	deny	VERB
ftr-442	106	17	tax	tax	NOUN
ftr-442	106	18	effect	effect	NOUN
ftr-442	106	19	to	to	ADP
ftr-442	106	20	an	an	DET
ftr-442	106	21	agreement	agreement	NOUN
ftr-442	106	22	on	on	ADP
ftr-442	106	23	the	the	DET
ftr-442	106	24	allocation	allocation	NOUN
ftr-442	106	25	of	of	ADP
ftr-442	106	26	partnership	partnership	NOUN
ftr-442	106	27	income	income	NOUN
ftr-442	106	28	,	,	PUNCT
ftr-442	106	29	deduction	deduction	NOUN
ftr-442	106	30	,	,	PUNCT
ftr-442	106	31	or	or	CCONJ
ftr-442	106	32	credit	credit	NOUN
ftr-442	106	33	unless	unless	SCONJ
ftr-442	106	34	the	the	DET
ftr-442	106	35	agreement	agreement	NOUN
ftr-442	106	36	has	have	VERB
ftr-442	106	37	"	"	PUNCT
ftr-442	106	38	substantial	substantial	ADJ
ftr-442	106	39	economic	economic	ADJ
ftr-442	106	40	effect	effect	NOUN
ftr-442	106	41	.	.	PUNCT
ftr-442	106	42	"	"	PUNCT
ftr-442	107	1	the	the	DET
ftr-442	107	2	regulations	regulation	NOUN
ftr-442	107	3	under	under	ADP
ftr-442	107	4	section	section	NOUN
ftr-442	107	5	704(b	704(b	PROPN
ftr-442	107	6	)	)	PUNCT
ftr-442	107	7	enforce	enforce	VERB
ftr-442	107	8	this	this	DET
ftr-442	107	9	rule	rule	NOUN
ftr-442	107	10	by	by	ADP
ftr-442	107	11	requiring	require	VERB
ftr-442	107	12	that	that	SCONJ
ftr-442	107	13	all	all	DET
ftr-442	107	14	allocations	allocation	NOUN
ftr-442	107	15	be	be	AUX
ftr-442	107	16	reflected	reflect	VERB
ftr-442	107	17	in	in	ADP
ftr-442	107	18	capital	capital	NOUN
ftr-442	107	19	accounts	account	NOUN
ftr-442	107	20	and	and	CCONJ
ftr-442	107	21	that	that	SCONJ
ftr-442	107	22	the	the	DET
ftr-442	107	23	capital	capital	NOUN
ftr-442	107	24	accounts	account	VERB
ftr-442	107	25	ultimately	ultimately	ADV
ftr-442	107	26	determine	determine	VERB
ftr-442	107	27	the	the	DET
ftr-442	107	28	partners	partner	NOUN
ftr-442	107	29	'	'	PART
ftr-442	107	30	entitlements	entitlement	NOUN
ftr-442	107	31	.	.	PUNCT
ftr-442	107	32	'	'	PUNCT
ftr-442	108	1	6	6	NUM
ftr-442	108	2	under	under	ADP
ftr-442	108	3	section	section	NOUN
ftr-442	108	4	704(c)(1)(a	704(c)(1)(a	PROPN
ftr-442	108	5	)	)	PUNCT
ftr-442	108	6	,	,	PUNCT
ftr-442	108	7	partnership	partnership	NOUN
ftr-442	108	8	items	item	NOUN
ftr-442	108	9	attributable	attributable	ADJ
ftr-442	108	10	to	to	ADP
ftr-442	108	11	property	property	NOUN
ftr-442	108	12	contributed	contribute	VERB
ftr-442	108	13	to	to	ADP
ftr-442	108	14	the	the	DET
ftr-442	108	15	partnership	partnership	NOUN
ftr-442	108	16	by	by	ADP
ftr-442	108	17	a	a	DET
ftr-442	108	18	partner	partner	NOUN
ftr-442	108	19	must	must	AUX
ftr-442	108	20	be	be	AUX
ftr-442	108	21	allocated	allocate	VERB
ftr-442	108	22	"	"	PUNCT
ftr-442	108	23	so	so	SCONJ
ftr-442	108	24	as	as	SCONJ
ftr-442	108	25	to	to	PART
ftr-442	108	26	take	take	VERB
ftr-442	108	27	account	account	NOUN
ftr-442	108	28	of	of	ADP
ftr-442	108	29	the	the	DET
ftr-442	108	30	variation	variation	NOUN
ftr-442	108	31	between	between	ADP
ftr-442	108	32	"	"	PUNCT
ftr-442	108	33	the	the	DET
ftr-442	108	34	property	property	NOUN
ftr-442	108	35	's	's	PART
ftr-442	108	36	basis	basis	NOUN
ftr-442	108	37	and	and	CCONJ
ftr-442	108	38	fair	fair	ADJ
ftr-442	108	39	market	market	NOUN
ftr-442	108	40	value	value	NOUN
ftr-442	108	41	when	when	SCONJ
ftr-442	108	42	contributed	contribute	VERB
ftr-442	108	43	.	.	PUNCT
ftr-442	109	1	despite	despite	SCONJ
ftr-442	109	2	their	their	PRON
ftr-442	109	3	unworkable	unworkable	ADJ
ftr-442	109	4	complexity	complexity	NOUN
ftr-442	109	5	,	,	PUNCT
ftr-442	109	6	sections	section	NOUN
ftr-442	109	7	704(b	704(b	PROPN
ftr-442	109	8	)	)	PUNCT
ftr-442	109	9	and	and	CCONJ
ftr-442	109	10	(	(	PUNCT
ftr-442	109	11	c	c	NOUN
ftr-442	109	12	)	)	PUNCT
ftr-442	109	13	and	and	CCONJ
ftr-442	109	14	the	the	DET
ftr-442	109	15	regulations	regulation	NOUN
ftr-442	109	16	under	under	ADP
ftr-442	109	17	those	those	DET
ftr-442	109	18	provisions	provision	NOUN
ftr-442	109	19	are	be	AUX
ftr-442	109	20	not	not	PART
ftr-442	109	21	effective	effective	ADJ
ftr-442	109	22	in	in	ADP
ftr-442	109	23	weeding	weed	VERB
ftr-442	109	24	out	out	ADP
ftr-442	109	25	allocations	allocation	NOUN
ftr-442	109	26	that	that	PRON
ftr-442	109	27	distort	distort	VERB
ftr-442	109	28	partners	partner	NOUN
ftr-442	109	29	'	'	PART
ftr-442	109	30	income	income	NOUN
ftr-442	109	31	.	.	PUNCT
ftr-442	110	1	the	the	DET
ftr-442	110	2	premise	premise	NOUN
ftr-442	110	3	of	of	ADP
ftr-442	110	4	the	the	DET
ftr-442	110	5	substantial	substantial	ADJ
ftr-442	110	6	economic	economic	ADJ
ftr-442	110	7	effect	effect	NOUN
ftr-442	110	8	test	test	NOUN
ftr-442	110	9	,	,	PUNCT
ftr-442	110	10	as	as	SCONJ
ftr-442	110	11	worked	work	VERB
ftr-442	110	12	out	out	ADP
ftr-442	110	13	in	in	ADP
ftr-442	110	14	the	the	DET
ftr-442	110	15	regulations	regulation	NOUN
ftr-442	110	16	,	,	PUNCT
ftr-442	110	17	is	be	AUX
ftr-442	110	18	that	that	SCONJ
ftr-442	110	19	an	an	DET
ftr-442	110	20	allocation	allocation	NOUN
ftr-442	110	21	of	of	ADP
ftr-442	110	22	income	income	NOUN
ftr-442	110	23	or	or	CCONJ
ftr-442	110	24	deduction	deduction	NOUN
ftr-442	110	25	to	to	ADP
ftr-442	110	26	a	a	DET
ftr-442	110	27	partner	partner	NOUN
ftr-442	110	28	has	have	VERB
ftr-442	110	29	substantial	substantial	ADJ
ftr-442	110	30	economic	economic	ADJ
ftr-442	110	31	effect	effect	NOUN
ftr-442	110	32	if	if	SCONJ
ftr-442	110	33	it	it	PRON
ftr-442	110	34	increases	increase	VERB
ftr-442	110	35	or	or	CCONJ
ftr-442	110	36	decreases	decrease	VERB
ftr-442	110	37	the	the	DET
ftr-442	110	38	partner	partner	NOUN
ftr-442	110	39	's	's	PART
ftr-442	110	40	ultimate	ultimate	ADJ
ftr-442	110	41	entitlements	entitlement	NOUN
ftr-442	110	42	from	from	ADP
ftr-442	110	43	the	the	DET
ftr-442	110	44	partnership	partnership	NOUN
ftr-442	110	45	by	by	ADP
ftr-442	110	46	the	the	DET
ftr-442	110	47	amount	amount	NOUN
ftr-442	110	48	allocated	allocate	VERB
ftr-442	110	49	.	.	PUNCT
ftr-442	111	1	however	however	ADV
ftr-442	111	2	,	,	PUNCT
ftr-442	111	3	when	when	SCONJ
ftr-442	111	4	allocating	allocate	VERB
ftr-442	111	5	items	item	NOUN
ftr-442	111	6	,	,	PUNCT
ftr-442	111	7	such	such	ADJ
ftr-442	111	8	as	as	ADP
ftr-442	111	9	depreciation	depreciation	NOUN
ftr-442	111	10	,	,	PUNCT
ftr-442	111	11	which	which	PRON
ftr-442	111	12	are	be	AUX
ftr-442	111	13	outside	outside	ADP
ftr-442	111	14	of	of	ADP
ftr-442	111	15	the	the	DET
ftr-442	111	16	partnership	partnership	NOUN
ftr-442	111	17	's	's	PART
ftr-442	111	18	cash	cash	NOUN
ftr-442	111	19	flow	flow	NOUN
ftr-442	111	20	stream	stream	NOUN
ftr-442	111	21	,	,	PUNCT
ftr-442	111	22	ascertaining	ascertain	VERB
ftr-442	111	23	the	the	DET
ftr-442	111	24	extent	extent	NOUN
ftr-442	111	25	to	to	PART
ftr-442	111	26	which	which	PRON
ftr-442	111	27	the	the	DET
ftr-442	111	28	allocation	allocation	NOUN
ftr-442	111	29	affects	affect	VERB
ftr-442	111	30	a	a	DET
ftr-442	111	31	partner	partner	NOUN
ftr-442	111	32	's	's	PART
ftr-442	111	33	ultimate	ultimate	ADJ
ftr-442	111	34	entitlement	entitlement	NOUN
ftr-442	111	35	is	be	AUX
ftr-442	111	36	,	,	PUNCT
ftr-442	111	37	at	at	ADP
ftr-442	111	38	best	good	ADJ
ftr-442	111	39	,	,	PUNCT
ftr-442	111	40	speculative	speculative	ADJ
ftr-442	111	41	.	.	PUNCT
ftr-442	112	1	the	the	DET
ftr-442	112	2	substantial	substantial	ADJ
ftr-442	112	3	economic	economic	ADJ
ftr-442	112	4	effect	effect	NOUN
ftr-442	112	5	test	test	NOUN
ftr-442	112	6	thus	thus	ADV
ftr-442	112	7	does	do	AUX
ftr-442	112	8	not	not	PART
ftr-442	112	9	meaningfully	meaningfully	ADV
ftr-442	112	10	restrict	restrict	VERB
ftr-442	112	11	tax	tax	NOUN
ftr-442	112	12	-	-	PUNCT
ftr-442	112	13	motivated	motivate	VERB
ftr-442	112	14	shifting	shifting	NOUN
ftr-442	112	15	when	when	SCONJ
ftr-442	112	16	it	it	PRON
ftr-442	112	17	is	be	AUX
ftr-442	112	18	applied	apply	VERB
ftr-442	112	19	to	to	ADP
ftr-442	112	20	tax	tax	NOUN
ftr-442	112	21	allowances	allowance	NOUN
ftr-442	112	22	that	that	PRON
ftr-442	112	23	with	with	ADP
ftr-442	112	24	respect	respect	NOUN
ftr-442	112	25	to	to	ADP
ftr-442	112	26	which	which	PRON
ftr-442	112	27	there	there	PRON
ftr-442	112	28	are	be	VERB
ftr-442	112	29	no	no	DET
ftr-442	112	30	corresponding	corresponding	ADJ
ftr-442	112	31	economic	economic	ADJ
ftr-442	112	32	costs	cost	NOUN
ftr-442	112	33	.	.	PUNCT
ftr-442	113	1	also	also	ADV
ftr-442	113	2	,	,	PUNCT
ftr-442	113	3	even	even	ADV
ftr-442	113	4	if	if	SCONJ
ftr-442	113	5	an	an	DET
ftr-442	113	6	allocated	allocate	VERB
ftr-442	113	7	item	item	NOUN
ftr-442	113	8	is	be	AUX
ftr-442	113	9	true	true	ADJ
ftr-442	113	10	income	income	NOUN
ftr-442	113	11	or	or	CCONJ
ftr-442	113	12	loss	loss	NOUN
ftr-442	113	13	of	of	ADP
ftr-442	113	14	the	the	DET
ftr-442	113	15	partnership	partnership	NOUN
ftr-442	113	16	,	,	PUNCT
ftr-442	113	17	an	an	DET
ftr-442	113	18	allocation	allocation	NOUN
ftr-442	113	19	of	of	ADP
ftr-442	113	20	the	the	DET
ftr-442	113	21	item	item	NOUN
ftr-442	113	22	does	do	AUX
ftr-442	113	23	not	not	PART
ftr-442	113	24	necessarily	necessarily	ADV
ftr-442	113	25	reflect	reflect	VERB
ftr-442	113	26	true	true	ADJ
ftr-442	113	27	income	income	NOUN
ftr-442	113	28	or	or	CCONJ
ftr-442	113	29	loss	loss	NOUN
ftr-442	113	30	of	of	ADP
ftr-442	113	31	the	the	DET
ftr-442	113	32	partner	partner	NOUN
ftr-442	113	33	because	because	SCONJ
ftr-442	113	34	the	the	DET
ftr-442	113	35	allocation	allocation	NOUN
ftr-442	113	36	rules	rule	NOUN
ftr-442	113	37	do	do	AUX
ftr-442	113	38	not	not	PART
ftr-442	113	39	explicitly	explicitly	ADV
ftr-442	113	40	take	take	VERB
ftr-442	113	41	into	into	ADP
ftr-442	113	42	account	account	NOUN
ftr-442	113	43	the	the	DET
ftr-442	113	44	time	time	NOUN
ftr-442	113	45	value	value	NOUN
ftr-442	113	46	of	of	ADP
ftr-442	113	47	money	money	NOUN
ftr-442	113	48	.	.	PUNCT
ftr-442	114	1	a.	a.	NOUN
ftr-442	114	2	a	a	DET
ftr-442	114	3	dollar	dollar	NOUN
ftr-442	114	4	is	be	AUX
ftr-442	114	5	not	not	PART
ftr-442	114	6	necessarily	necessarily	ADV
ftr-442	114	7	a	a	DET
ftr-442	114	8	dollar	dollar	NOUN
ftr-442	114	9	deductions	deduction	NOUN
ftr-442	114	10	and	and	CCONJ
ftr-442	114	11	other	other	ADJ
ftr-442	114	12	tax	tax	NOUN
ftr-442	114	13	allowances	allowance	NOUN
ftr-442	114	14	are	be	AUX
ftr-442	114	15	often	often	ADV
ftr-442	114	16	not	not	PART
ftr-442	114	17	associated	associate	VERB
ftr-442	114	18	with	with	ADP
ftr-442	114	19	real	real	ADJ
ftr-442	114	20	economic	economic	ADJ
ftr-442	114	21	losses	loss	NOUN
ftr-442	114	22	.	.	PUNCT
ftr-442	115	1	for	for	ADP
ftr-442	115	2	example	example	NOUN
ftr-442	115	3	,	,	PUNCT
ftr-442	115	4	depreciation	depreciation	NOUN
ftr-442	115	5	deductions	deduction	NOUN
ftr-442	115	6	are	be	AUX
ftr-442	115	7	allowed	allow	VERB
ftr-442	115	8	whether	whether	SCONJ
ftr-442	115	9	or	or	CCONJ
ftr-442	115	10	not	not	PART
ftr-442	115	11	the	the	DET
ftr-442	115	12	depreciable	depreciable	ADJ
ftr-442	115	13	property	property	NOUN
ftr-442	115	14	declines	decline	NOUN
ftr-442	115	15	in	in	ADP
ftr-442	115	16	value	value	NOUN
ftr-442	115	17	.	.	PUNCT
ftr-442	116	1	when	when	SCONJ
ftr-442	116	2	depreciation	depreciation	NOUN
ftr-442	116	3	exceeds	exceed	VERB
ftr-442	116	4	any	any	DET
ftr-442	116	5	decline	decline	NOUN
ftr-442	116	6	in	in	ADP
ftr-442	116	7	the	the	DET
ftr-442	116	8	property	property	NOUN
ftr-442	116	9	's	's	PART
ftr-442	116	10	value	value	NOUN
ftr-442	116	11	,	,	PUNCT
ftr-442	116	12	the	the	DET
ftr-442	116	13	excess	excess	NOUN
ftr-442	116	14	is	be	AUX
ftr-442	116	15	,	,	PUNCT
ftr-442	116	16	at	at	ADP
ftr-442	116	17	least	least	ADJ
ftr-442	116	18	for	for	ADP
ftr-442	116	19	the	the	DET
ftr-442	116	20	time	time	NOUN
ftr-442	116	21	being	being	NOUN
ftr-442	116	22	,	,	PUNCT
ftr-442	116	23	a	a	DET
ftr-442	116	24	deduction	deduction	NOUN
ftr-442	116	25	without	without	ADP
ftr-442	116	26	cost	cost	NOUN
ftr-442	116	27	.	.	PUNCT
ftr-442	117	1	an	an	DET
ftr-442	117	2	allocation	allocation	NOUN
ftr-442	117	3	of	of	ADP
ftr-442	117	4	such	such	DET
ftr-442	117	5	a	a	DET
ftr-442	117	6	deduction	deduction	NOUN
ftr-442	117	7	among	among	ADP
ftr-442	117	8	partners	partner	NOUN
ftr-442	117	9	necessarily	necessarily	ADV
ftr-442	117	10	lacks	lack	VERB
ftr-442	117	11	any	any	DET
ftr-442	117	12	true	true	ADJ
ftr-442	117	13	economic	economic	ADJ
ftr-442	117	14	consequences	consequence	NOUN
ftr-442	117	15	,	,	PUNCT
ftr-442	117	16	at	at	ADP
ftr-442	117	17	least	least	ADJ
ftr-442	117	18	in	in	ADP
ftr-442	117	19	the	the	DET
ftr-442	117	20	short	short	ADJ
ftr-442	117	21	run	run	NOUN
ftr-442	117	22	.	.	PUNCT
ftr-442	118	1	where	where	SCONJ
ftr-442	118	2	there	there	PRON
ftr-442	118	3	are	be	VERB
ftr-442	118	4	special	special	ADJ
ftr-442	118	5	allocations	allocation	NOUN
ftr-442	118	6	of	of	ADP
ftr-442	118	7	depreciation	depreciation	NOUN
ftr-442	118	8	with	with	ADP
ftr-442	118	9	provision	provision	NOUN
ftr-442	118	10	for	for	ADP
ftr-442	118	11	gain	gain	NOUN
ftr-442	118	12	chargeback	chargeback	NOUN
ftr-442	118	13	,	,	PUNCT
ftr-442	118	14	the	the	DET
ftr-442	118	15	regulations	regulation	NOUN
ftr-442	118	16	indulge	indulge	VERB
ftr-442	118	17	in	in	ADP
ftr-442	118	18	various	various	ADJ
ftr-442	118	19	presumptions	presumption	NOUN
ftr-442	118	20	in	in	ADP
ftr-442	118	21	order	order	NOUN
ftr-442	118	22	to	to	PART
ftr-442	118	23	reconcile	reconcile	VERB
ftr-442	118	24	the	the	DET
ftr-442	118	25	substantial	substantial	ADJ
ftr-442	118	26	economic	economic	ADJ
ftr-442	118	27	effect	effect	NOUN
ftr-442	118	28	requirement	requirement	NOUN
ftr-442	118	29	with	with	ADP
ftr-442	118	30	this	this	DET
ftr-442	118	31	reality	reality	NOUN
ftr-442	118	32	.	.	PUNCT
ftr-442	119	1	for	for	ADP
ftr-442	119	2	example	example	NOUN
ftr-442	119	3	,	,	PUNCT
ftr-442	119	4	depreciable	depreciable	ADJ
ftr-442	119	5	property	property	NOUN
ftr-442	119	6	held	hold	VERB
ftr-442	119	7	by	by	ADP
ftr-442	119	8	a	a	DET
ftr-442	119	9	partnership	partnership	NOUN
ftr-442	119	10	is	be	AUX
ftr-442	119	11	deemed	deem	VERB
ftr-442	119	12	to	to	PART
ftr-442	119	13	decline	decline	VERB
ftr-442	119	14	in	in	ADP
ftr-442	119	15	16	16	NUM
ftr-442	119	16	.	.	PUNCT
ftr-442	120	1	see	see	VERB
ftr-442	120	2	regs	reg	NOUN
ftr-442	120	3	.	.	PUNCT
ftr-442	121	1	§	§	PROPN
ftr-442	121	2	1.704	1.704	NUM
ftr-442	121	3	-	-	NUM
ftr-442	121	4	1(b)(2	1(b)(2	NUM
ftr-442	121	5	)	)	PUNCT
ftr-442	121	6	.	.	PUNCT
ftr-442	122	1	19991	19991	NUM
ftr-442	122	2	florida	florida	PROPN
ftr-442	122	3	tax	tax	NOUN
ftr-442	122	4	review	review	NOUN
ftr-442	122	5	value	value	NOUN
ftr-442	122	6	by	by	ADP
ftr-442	122	7	the	the	DET
ftr-442	122	8	amounts	amount	NOUN
ftr-442	122	9	allowed	allow	VERB
ftr-442	122	10	as	as	ADP
ftr-442	122	11	depreciation	depreciation	NOUN
ftr-442	122	12	,	,	PUNCT
ftr-442	122	13	regardless	regardless	ADV
ftr-442	122	14	of	of	ADP
ftr-442	122	15	the	the	DET
ftr-442	122	16	property	property	NOUN
ftr-442	122	17	's	's	PART
ftr-442	122	18	actual	actual	ADJ
ftr-442	122	19	value	value	NOUN
ftr-442	122	20	.	.	PUNCT
ftr-442	122	21	'	'	PUNCT
ftr-442	123	1	7	7	NUM
ftr-442	123	2	thus	thus	ADV
ftr-442	123	3	,	,	PUNCT
ftr-442	123	4	if	if	SCONJ
ftr-442	123	5	depreciation	depreciation	NOUN
ftr-442	123	6	on	on	ADP
ftr-442	123	7	partnership	partnership	NOUN
ftr-442	123	8	property	property	NOUN
ftr-442	123	9	is	be	AUX
ftr-442	123	10	allocated	allocate	VERB
ftr-442	123	11	to	to	ADP
ftr-442	123	12	one	one	NUM
ftr-442	123	13	partner	partner	NOUN
ftr-442	123	14	and	and	CCONJ
ftr-442	123	15	appropriately	appropriately	ADV
ftr-442	123	16	reflected	reflect	VERB
ftr-442	123	17	in	in	ADP
ftr-442	123	18	partnership	partnership	NOUN
ftr-442	123	19	capital	capital	NOUN
ftr-442	123	20	accounts	account	NOUN
ftr-442	123	21	,	,	PUNCT
ftr-442	123	22	the	the	DET
ftr-442	123	23	allocation	allocation	NOUN
ftr-442	123	24	is	be	AUX
ftr-442	123	25	deemed	deem	VERB
ftr-442	123	26	to	to	PART
ftr-442	123	27	have	have	VERB
ftr-442	123	28	substantial	substantial	ADJ
ftr-442	123	29	economic	economic	ADJ
ftr-442	123	30	effect	effect	NOUN
ftr-442	123	31	,	,	PUNCT
ftr-442	123	32	even	even	ADV
ftr-442	123	33	if	if	SCONJ
ftr-442	123	34	the	the	DET
ftr-442	123	35	property	property	NOUN
ftr-442	123	36	's	's	PART
ftr-442	123	37	value	value	NOUN
ftr-442	123	38	does	do	AUX
ftr-442	123	39	not	not	PART
ftr-442	123	40	decline	decline	VERB
ftr-442	123	41	and	and	CCONJ
ftr-442	123	42	the	the	DET
ftr-442	123	43	depreciation	depreciation	NOUN
ftr-442	123	44	charge	charge	NOUN
ftr-442	123	45	is	be	AUX
ftr-442	123	46	likely	likely	ADJ
ftr-442	123	47	to	to	PART
ftr-442	123	48	be	be	AUX
ftr-442	123	49	recouped	recoup	VERB
ftr-442	123	50	through	through	ADP
ftr-442	123	51	future	future	ADJ
ftr-442	123	52	revenues	revenue	NOUN
ftr-442	123	53	from	from	ADP
ftr-442	123	54	the	the	DET
ftr-442	123	55	property	property	NOUN
ftr-442	123	56	(	(	PUNCT
ftr-442	123	57	e.g.	e.g.	ADV
ftr-442	123	58	,	,	PUNCT
ftr-442	123	59	gain	gain	VERB
ftr-442	123	60	on	on	ADP
ftr-442	123	61	its	its	PRON
ftr-442	123	62	eventual	eventual	ADJ
ftr-442	123	63	sale	sale	NOUN
ftr-442	123	64	allocated	allocate	VERB
ftr-442	123	65	to	to	ADP
ftr-442	123	66	the	the	DET
ftr-442	123	67	partner	partner	NOUN
ftr-442	123	68	to	to	PART
ftr-442	123	69	whom	whom	PRON
ftr-442	123	70	the	the	DET
ftr-442	123	71	depreciation	depreciation	NOUN
ftr-442	123	72	was	be	AUX
ftr-442	123	73	allocated	allocate	VERB
ftr-442	123	74	)	)	PUNCT
ftr-442	123	75	.	.	PUNCT
ftr-442	124	1	arguably	arguably	ADV
ftr-442	124	2	,	,	PUNCT
ftr-442	124	3	partnership	partnership	NOUN
ftr-442	124	4	allocations	allocation	NOUN
ftr-442	124	5	of	of	ADP
ftr-442	124	6	tax	tax	NOUN
ftr-442	124	7	items	item	NOUN
ftr-442	124	8	without	without	ADP
ftr-442	124	9	economic	economic	ADJ
ftr-442	124	10	effect	effect	NOUN
ftr-442	124	11	should	should	AUX
ftr-442	124	12	not	not	PART
ftr-442	124	13	be	be	AUX
ftr-442	124	14	a	a	DET
ftr-442	124	15	policy	policy	NOUN
ftr-442	124	16	concern	concern	NOUN
ftr-442	124	17	.	.	PUNCT
ftr-442	125	1	these	these	DET
ftr-442	125	2	items	item	NOUN
ftr-442	125	3	can	can	AUX
ftr-442	125	4	artificially	artificially	ADV
ftr-442	125	5	reduce	reduce	VERB
ftr-442	125	6	tax	tax	NOUN
ftr-442	125	7	,	,	PUNCT
ftr-442	125	8	regardless	regardless	ADV
ftr-442	125	9	of	of	ADP
ftr-442	125	10	who	who	PRON
ftr-442	125	11	owns	own	VERB
ftr-442	125	12	the	the	DET
ftr-442	125	13	property	property	NOUN
ftr-442	125	14	or	or	CCONJ
ftr-442	125	15	carries	carry	VERB
ftr-442	125	16	on	on	ADP
ftr-442	125	17	the	the	DET
ftr-442	125	18	activity	activity	NOUN
ftr-442	125	19	from	from	ADP
ftr-442	125	20	which	which	PRON
ftr-442	125	21	the	the	DET
ftr-442	125	22	items	item	NOUN
ftr-442	125	23	arise	arise	VERB
ftr-442	125	24	.	.	PUNCT
ftr-442	126	1	because	because	SCONJ
ftr-442	126	2	the	the	DET
ftr-442	126	3	potential	potential	NOUN
ftr-442	126	4	for	for	ADP
ftr-442	126	5	tax	tax	NOUN
ftr-442	126	6	reduction	reduction	NOUN
ftr-442	126	7	is	be	AUX
ftr-442	126	8	most	most	ADV
ftr-442	126	9	attractive	attractive	ADJ
ftr-442	126	10	to	to	ADP
ftr-442	126	11	investors	investor	NOUN
ftr-442	126	12	who	who	PRON
ftr-442	126	13	can	can	AUX
ftr-442	126	14	make	make	VERB
ftr-442	126	15	best	good	ADJ
ftr-442	126	16	use	use	NOUN
ftr-442	126	17	of	of	ADP
ftr-442	126	18	the	the	DET
ftr-442	126	19	tax	tax	NOUN
ftr-442	126	20	allowances	allowance	NOUN
ftr-442	126	21	,	,	PUNCT
ftr-442	126	22	the	the	DET
ftr-442	126	23	property	property	NOUN
ftr-442	126	24	or	or	CCONJ
ftr-442	126	25	activity	activity	NOUN
ftr-442	126	26	tends	tend	VERB
ftr-442	126	27	to	to	PART
ftr-442	126	28	be	be	AUX
ftr-442	126	29	owned	own	VERB
ftr-442	126	30	by	by	ADP
ftr-442	126	31	these	these	DET
ftr-442	126	32	investors	investor	NOUN
ftr-442	126	33	.	.	PUNCT
ftr-442	127	1	this	this	PRON
ftr-442	127	2	being	be	AUX
ftr-442	127	3	so	so	ADV
ftr-442	127	4	,	,	PUNCT
ftr-442	127	5	perhaps	perhaps	ADV
ftr-442	127	6	policy	policy	NOUN
ftr-442	127	7	makers	maker	NOUN
ftr-442	127	8	should	should	AUX
ftr-442	127	9	not	not	PART
ftr-442	127	10	be	be	AUX
ftr-442	127	11	concerned	concern	VERB
ftr-442	127	12	about	about	ADP
ftr-442	127	13	which	which	DET
ftr-442	127	14	taxpayer	taxpayer	NOUN
ftr-442	127	15	claims	claim	VERB
ftr-442	127	16	the	the	DET
ftr-442	127	17	item	item	NOUN
ftr-442	127	18	.	.	PUNCT
ftr-442	128	1	moreover	moreover	ADV
ftr-442	128	2	,	,	PUNCT
ftr-442	128	3	the	the	DET
ftr-442	128	4	kinds	kind	NOUN
ftr-442	128	5	of	of	ADP
ftr-442	128	6	shifts	shift	NOUN
ftr-442	128	7	achievable	achievable	ADJ
ftr-442	128	8	by	by	ADP
ftr-442	128	9	partnership	partnership	NOUN
ftr-442	128	10	allocations	allocation	NOUN
ftr-442	128	11	can	can	AUX
ftr-442	128	12	be	be	AUX
ftr-442	128	13	obtained	obtain	VERB
ftr-442	128	14	outside	outside	ADP
ftr-442	128	15	the	the	DET
ftr-442	128	16	partnership	partnership	NOUN
ftr-442	128	17	context	context	NOUN
ftr-442	128	18	by	by	ADP
ftr-442	128	19	the	the	DET
ftr-442	128	20	use	use	NOUN
ftr-442	128	21	of	of	ADP
ftr-442	128	22	debt	debt	NOUN
ftr-442	128	23	financing	financing	NOUN
ftr-442	128	24	.	.	PUNCT
ftr-442	129	1	assume	assume	VERB
ftr-442	129	2	property	property	NOUN
ftr-442	129	3	worth	worth	ADJ
ftr-442	129	4	$	$	SYM
ftr-442	129	5	851	851	NUM
ftr-442	129	6	will	will	AUX
ftr-442	129	7	produce	produce	VERB
ftr-442	129	8	net	net	ADJ
ftr-442	129	9	revenues	revenue	NOUN
ftr-442	129	10	(	(	PUNCT
ftr-442	129	11	before	before	ADP
ftr-442	129	12	depreciation	depreciation	NOUN
ftr-442	129	13	)	)	PUNCT
ftr-442	129	14	of	of	ADP
ftr-442	129	15	$	$	SYM
ftr-442	129	16	100	100	NUM
ftr-442	129	17	annually	annually	ADV
ftr-442	129	18	for	for	ADP
ftr-442	129	19	20	20	NUM
ftr-442	129	20	years	year	NOUN
ftr-442	129	21	,	,	PUNCT
ftr-442	129	22	at	at	ADP
ftr-442	129	23	the	the	DET
ftr-442	129	24	end	end	NOUN
ftr-442	129	25	of	of	ADP
ftr-442	129	26	which	which	DET
ftr-442	129	27	time	time	NOUN
ftr-442	129	28	the	the	DET
ftr-442	129	29	property	property	NOUN
ftr-442	129	30	will	will	AUX
ftr-442	129	31	be	be	AUX
ftr-442	129	32	worthless	worthless	ADJ
ftr-442	129	33	.	.	PUNCT
ftr-442	130	1	the	the	DET
ftr-442	130	2	property	property	NOUN
ftr-442	130	3	's	's	PART
ftr-442	130	4	yield	yield	NOUN
ftr-442	130	5	is	be	AUX
ftr-442	130	6	10	10	NUM
ftr-442	130	7	%	%	NOUN
ftr-442	130	8	(	(	PUNCT
ftr-442	130	9	the	the	DET
ftr-442	130	10	discount	discount	NOUN
ftr-442	130	11	rate	rate	NOUN
ftr-442	130	12	at	at	ADP
ftr-442	130	13	which	which	PRON
ftr-442	130	14	20	20	NUM
ftr-442	130	15	annual	annual	ADJ
ftr-442	130	16	payments	payment	NOUN
ftr-442	130	17	of	of	ADP
ftr-442	130	18	$	$	SYM
ftr-442	130	19	100	100	NUM
ftr-442	130	20	each	each	PRON
ftr-442	130	21	have	have	VERB
ftr-442	130	22	a	a	DET
ftr-442	130	23	present	present	ADJ
ftr-442	130	24	value	value	NOUN
ftr-442	130	25	of	of	ADP
ftr-442	130	26	$	$	SYM
ftr-442	130	27	851	851	NUM
ftr-442	130	28	)	)	PUNCT
ftr-442	130	29	.	.	PUNCT
ftr-442	131	1	economic	economic	ADJ
ftr-442	131	2	income	income	NOUN
ftr-442	131	3	from	from	ADP
ftr-442	131	4	the	the	DET
ftr-442	131	5	property	property	NOUN
ftr-442	131	6	is	be	AUX
ftr-442	131	7	$	$	SYM
ftr-442	131	8	85	85	NUM
ftr-442	131	9	for	for	ADP
ftr-442	131	10	the	the	DET
ftr-442	131	11	first	first	ADJ
ftr-442	131	12	year	year	NOUN
ftr-442	131	13	(	(	PUNCT
ftr-442	131	14	10	10	NUM
ftr-442	131	15	%	%	NOUN
ftr-442	131	16	of	of	ADP
ftr-442	131	17	$	$	SYM
ftr-442	131	18	851	851	NUM
ftr-442	131	19	)	)	PUNCT
ftr-442	131	20	,	,	PUNCT
ftr-442	131	21	economic	economic	ADJ
ftr-442	131	22	depreciation	depreciation	NOUN
ftr-442	131	23	for	for	ADP
ftr-442	131	24	the	the	DET
ftr-442	131	25	first	first	ADJ
ftr-442	131	26	year	year	NOUN
ftr-442	131	27	is	be	AUX
ftr-442	131	28	$	$	SYM
ftr-442	131	29	15	15	NUM
ftr-442	131	30	(	(	PUNCT
ftr-442	131	31	$	$	SYM
ftr-442	131	32	100	100	NUM
ftr-442	131	33	of	of	ADP
ftr-442	131	34	net	net	ADJ
ftr-442	131	35	revenues	revenue	NOUN
ftr-442	131	36	less	less	ADJ
ftr-442	131	37	$	$	SYM
ftr-442	131	38	85	85	NUM
ftr-442	131	39	of	of	ADP
ftr-442	131	40	income	income	NOUN
ftr-442	131	41	)	)	PUNCT
ftr-442	131	42	,	,	PUNCT
ftr-442	131	43	economic	economic	ADJ
ftr-442	131	44	income	income	NOUN
ftr-442	131	45	for	for	ADP
ftr-442	131	46	the	the	DET
ftr-442	131	47	second	second	ADJ
ftr-442	131	48	year	year	NOUN
ftr-442	131	49	is	be	AUX
ftr-442	131	50	$	$	SYM
ftr-442	131	51	84	84	NUM
ftr-442	131	52	(	(	PUNCT
ftr-442	131	53	10	10	NUM
ftr-442	131	54	%	%	NOUN
ftr-442	131	55	of	of	ADP
ftr-442	131	56	the	the	DET
ftr-442	131	57	excess	excess	NOUN
ftr-442	131	58	of	of	ADP
ftr-442	131	59	$	$	SYM
ftr-442	131	60	851	851	NUM
ftr-442	131	61	over	over	ADP
ftr-442	131	62	$	$	SYM
ftr-442	131	63	15	15	NUM
ftr-442	131	64	)	)	PUNCT
ftr-442	131	65	,	,	PUNCT
ftr-442	131	66	and	and	CCONJ
ftr-442	131	67	so	so	ADV
ftr-442	131	68	forth	forth	ADV
ftr-442	131	69	.	.	PUNCT
ftr-442	132	1	but	but	CCONJ
ftr-442	132	2	,	,	PUNCT
ftr-442	132	3	assume	assume	VERB
ftr-442	132	4	that	that	SCONJ
ftr-442	132	5	,	,	PUNCT
ftr-442	132	6	due	due	ADP
ftr-442	132	7	to	to	ADP
ftr-442	132	8	generous	generous	ADJ
ftr-442	132	9	depreciation	depreciation	NOUN
ftr-442	132	10	allowances	allowance	NOUN
ftr-442	132	11	(	(	PUNCT
ftr-442	132	12	straight	straight	ADJ
ftr-442	132	13	line	line	NOUN
ftr-442	132	14	depreciation	depreciation	NOUN
ftr-442	132	15	)	)	PUNCT
ftr-442	132	16	,	,	PUNCT
ftr-442	132	17	taxable	taxable	ADJ
ftr-442	132	18	income	income	NOUN
ftr-442	132	19	from	from	ADP
ftr-442	132	20	the	the	DET
ftr-442	132	21	property	property	NOUN
ftr-442	132	22	is	be	AUX
ftr-442	132	23	projected	project	VERB
ftr-442	132	24	to	to	PART
ftr-442	132	25	be	be	AUX
ftr-442	132	26	$	$	SYM
ftr-442	132	27	57	57	NUM
ftr-442	132	28	annually	annually	ADV
ftr-442	132	29	(	(	PUNCT
ftr-442	132	30	before	before	ADP
ftr-442	132	31	financing	financing	NOUN
ftr-442	132	32	costs	cost	NOUN
ftr-442	132	33	)	)	PUNCT
ftr-442	132	34	throughout	throughout	ADP
ftr-442	132	35	the	the	DET
ftr-442	132	36	20	20	NUM
ftr-442	132	37	-	-	PUNCT
ftr-442	132	38	year	year	NOUN
ftr-442	132	39	period	period	NOUN
ftr-442	132	40	.	.	PUNCT
ftr-442	133	1	x	x	PRON
ftr-442	133	2	purchases	purchase	VERB
ftr-442	133	3	the	the	DET
ftr-442	133	4	property	property	NOUN
ftr-442	133	5	for	for	ADP
ftr-442	133	6	$	$	SYM
ftr-442	133	7	851	851	NUM
ftr-442	133	8	,	,	PUNCT
ftr-442	133	9	paying	pay	VERB
ftr-442	133	10	$	$	SYM
ftr-442	133	11	713	713	NUM
ftr-442	133	12	of	of	ADP
ftr-442	133	13	the	the	DET
ftr-442	133	14	price	price	NOUN
ftr-442	133	15	with	with	ADP
ftr-442	133	16	a	a	DET
ftr-442	133	17	20	20	NUM
ftr-442	133	18	-	-	PUNCT
ftr-442	133	19	year	year	NOUN
ftr-442	133	20	,	,	PUNCT
ftr-442	133	21	8	8	NUM
ftr-442	133	22	%	%	NOUN
ftr-442	133	23	loan	loan	NOUN
ftr-442	133	24	from	from	ADP
ftr-442	133	25	l.	l.	PROPN
ftr-442	133	26	for	for	ADP
ftr-442	133	27	the	the	DET
ftr-442	133	28	first	first	ADJ
ftr-442	133	29	year	year	NOUN
ftr-442	133	30	,	,	PUNCT
ftr-442	133	31	the	the	DET
ftr-442	133	32	deduction	deduction	NOUN
ftr-442	133	33	for	for	ADP
ftr-442	133	34	interest	interest	NOUN
ftr-442	133	35	on	on	ADP
ftr-442	133	36	the	the	DET
ftr-442	133	37	loan	loan	NOUN
ftr-442	133	38	is	be	AUX
ftr-442	133	39	$	$	SYM
ftr-442	133	40	57	57	NUM
ftr-442	133	41	(	(	PUNCT
ftr-442	133	42	8	8	NUM
ftr-442	133	43	%	%	NOUN
ftr-442	133	44	of	of	ADP
ftr-442	133	45	$	$	SYM
ftr-442	133	46	713	713	NUM
ftr-442	133	47	)	)	PUNCT
ftr-442	133	48	,	,	PUNCT
ftr-442	133	49	which	which	PRON
ftr-442	133	50	equals	equal	VERB
ftr-442	133	51	the	the	DET
ftr-442	133	52	taxable	taxable	ADJ
ftr-442	133	53	income	income	NOUN
ftr-442	133	54	before	before	ADP
ftr-442	133	55	interest	interest	NOUN
ftr-442	133	56	costs	cost	NOUN
ftr-442	133	57	.	.	PUNCT
ftr-442	134	1	for	for	ADP
ftr-442	134	2	that	that	DET
ftr-442	134	3	year	year	NOUN
ftr-442	134	4	,	,	PUNCT
ftr-442	134	5	x	x	PUNCT
ftr-442	134	6	thus	thus	ADV
ftr-442	134	7	has	have	VERB
ftr-442	134	8	economic	economic	ADJ
ftr-442	134	9	income	income	NOUN
ftr-442	134	10	of	of	ADP
ftr-442	134	11	$	$	SYM
ftr-442	134	12	28	28	NUM
ftr-442	134	13	(	(	PUNCT
ftr-442	134	14	$	$	SYM
ftr-442	134	15	85	85	NUM
ftr-442	134	16	less	less	ADJ
ftr-442	134	17	$	$	SYM
ftr-442	134	18	57	57	NUM
ftr-442	134	19	)	)	PUNCT
ftr-442	134	20	and	and	CCONJ
ftr-442	134	21	taxable	taxable	ADJ
ftr-442	134	22	income	income	NOUN
ftr-442	134	23	of	of	ADP
ftr-442	134	24	zero	zero	NUM
ftr-442	134	25	.	.	PUNCT
ftr-442	135	1	of	of	ADP
ftr-442	135	2	the	the	DET
ftr-442	135	3	two	two	NUM
ftr-442	135	4	persons	person	NOUN
ftr-442	135	5	having	have	VERB
ftr-442	135	6	an	an	DET
ftr-442	135	7	investment	investment	NOUN
ftr-442	135	8	in	in	ADP
ftr-442	135	9	the	the	DET
ftr-442	135	10	property	property	NOUN
ftr-442	135	11	,	,	PUNCT
ftr-442	135	12	l	l	PROPN
ftr-442	135	13	(	(	PUNCT
ftr-442	135	14	the	the	DET
ftr-442	135	15	lender	lender	NOUN
ftr-442	135	16	)	)	PUNCT
ftr-442	135	17	reports	report	VERB
ftr-442	135	18	the	the	DET
ftr-442	135	19	$	$	SYM
ftr-442	135	20	57	57	NUM
ftr-442	135	21	of	of	ADP
ftr-442	135	22	taxable	taxable	ADJ
ftr-442	135	23	income	income	NOUN
ftr-442	135	24	from	from	ADP
ftr-442	135	25	the	the	DET
ftr-442	135	26	property	property	NOUN
ftr-442	135	27	,	,	PUNCT
ftr-442	135	28	and	and	CCONJ
ftr-442	135	29	x	x	X
ftr-442	135	30	(	(	PUNCT
ftr-442	135	31	the	the	DET
ftr-442	135	32	title	title	NOUN
ftr-442	135	33	holder	holder	NOUN
ftr-442	135	34	)	)	PUNCT
ftr-442	135	35	enjoys	enjoy	VERB
ftr-442	135	36	the	the	DET
ftr-442	135	37	$	$	SYM
ftr-442	135	38	28	28	NUM
ftr-442	135	39	of	of	ADP
ftr-442	135	40	economic	economic	ADJ
ftr-442	135	41	income	income	NOUN
ftr-442	135	42	that	that	PRON
ftr-442	135	43	is	be	AUX
ftr-442	135	44	not	not	PART
ftr-442	135	45	taxed	tax	VERB
ftr-442	135	46	.	.	PUNCT
ftr-442	136	1	the	the	DET
ftr-442	136	2	results	result	NOUN
ftr-442	136	3	would	would	AUX
ftr-442	136	4	be	be	AUX
ftr-442	136	5	the	the	DET
ftr-442	136	6	same	same	ADJ
ftr-442	136	7	if	if	SCONJ
ftr-442	136	8	l	l	PROPN
ftr-442	136	9	and	and	CCONJ
ftr-442	136	10	x	x	PRON
ftr-442	136	11	instead	instead	ADV
ftr-442	136	12	formed	form	VERB
ftr-442	136	13	a	a	DET
ftr-442	136	14	partnership	partnership	NOUN
ftr-442	136	15	to	to	PART
ftr-442	136	16	hold	hold	VERB
ftr-442	136	17	the	the	DET
ftr-442	136	18	property	property	NOUN
ftr-442	136	19	,	,	PUNCT
ftr-442	136	20	with	with	ADP
ftr-442	136	21	l	l	NOUN
ftr-442	136	22	being	be	AUX
ftr-442	136	23	allocated	allocate	VERB
ftr-442	136	24	partnership	partnership	NOUN
ftr-442	136	25	taxable	taxable	ADJ
ftr-442	136	26	income	income	NOUN
ftr-442	136	27	each	each	DET
ftr-442	136	28	year	year	NOUN
ftr-442	136	29	equal	equal	ADJ
ftr-442	136	30	to	to	ADP
ftr-442	136	31	8	8	NUM
ftr-442	136	32	%	%	NOUN
ftr-442	136	33	of	of	ADP
ftr-442	136	34	its	its	PRON
ftr-442	136	35	capital	capital	NOUN
ftr-442	136	36	account	account	NOUN
ftr-442	136	37	and	and	CCONJ
ftr-442	136	38	x	x	PUNCT
ftr-442	136	39	being	be	AUX
ftr-442	136	40	allocated	allocate	VERB
ftr-442	136	41	the	the	DET
ftr-442	136	42	remaining	remain	VERB
ftr-442	136	43	income	income	NOUN
ftr-442	136	44	and	and	CCONJ
ftr-442	136	45	with	with	ADP
ftr-442	136	46	the	the	DET
ftr-442	136	47	partnership	partnership	NOUN
ftr-442	136	48	's	's	PART
ftr-442	136	49	annual	annual	ADJ
ftr-442	136	50	cash	cash	NOUN
ftr-442	136	51	flow	flow	NOUN
ftr-442	136	52	being	be	AUX
ftr-442	136	53	distributable	distributable	ADJ
ftr-442	136	54	in	in	ADP
ftr-442	136	55	the	the	DET
ftr-442	136	56	17	17	NUM
ftr-442	136	57	.	.	PUNCT
ftr-442	137	1	see	see	VERB
ftr-442	137	2	regs	reg	NOUN
ftr-442	137	3	.	.	PUNCT
ftr-442	138	1	§	§	PROPN
ftr-442	138	2	1.704	1.704	NUM
ftr-442	138	3	-	-	NUM
ftr-442	138	4	1(b)(2)(iii)(c	1(b)(2)(iii)(c	NUM
ftr-442	138	5	)	)	PUNCT
ftr-442	139	1	(	(	PUNCT
ftr-442	139	2	in	in	ADP
ftr-442	139	3	determining	determine	VERB
ftr-442	139	4	substantiality	substantiality	NOUN
ftr-442	139	5	of	of	ADP
ftr-442	139	6	allocation	allocation	NOUN
ftr-442	139	7	's	's	PART
ftr-442	139	8	economic	economic	ADJ
ftr-442	139	9	effect	effect	NOUN
ftr-442	139	10	,	,	PUNCT
ftr-442	139	11	fair	fair	ADJ
ftr-442	139	12	market	market	NOUN
ftr-442	139	13	value	value	NOUN
ftr-442	139	14	of	of	ADP
ftr-442	139	15	partnership	partnership	NOUN
ftr-442	139	16	property	property	NOUN
ftr-442	139	17	is	be	AUX
ftr-442	139	18	presumed	presume	VERB
ftr-442	139	19	to	to	PART
ftr-442	139	20	equal	equal	VERB
ftr-442	139	21	adjusted	adjusted	ADJ
ftr-442	139	22	basis	basis	NOUN
ftr-442	139	23	,	,	PUNCT
ftr-442	139	24	and	and	CCONJ
ftr-442	139	25	"	"	PUNCT
ftr-442	139	26	adjustments	adjustment	NOUN
ftr-442	139	27	to	to	ADP
ftr-442	139	28	the	the	DET
ftr-442	139	29	adjusted	adjust	VERB
ftr-442	139	30	tax	tax	NOUN
ftr-442	139	31	basis	basis	NOUN
ftr-442	139	32	[	[	X
ftr-442	139	33	are	be	AUX
ftr-442	139	34	]	]	PUNCT
ftr-442	139	35	presumed	presume	VERB
ftr-442	139	36	to	to	PART
ftr-442	139	37	be	be	AUX
ftr-442	139	38	matched	match	VERB
ftr-442	139	39	by	by	ADP
ftr-442	139	40	corresponding	correspond	VERB
ftr-442	139	41	changes	change	NOUN
ftr-442	139	42	in	in	ADP
ftr-442	139	43	such	such	ADJ
ftr-442	139	44	property	property	NOUN
ftr-442	139	45	's	's	PART
ftr-442	139	46	fair	fair	ADJ
ftr-442	139	47	market	market	NOUN
ftr-442	139	48	value	value	NOUN
ftr-442	139	49	.	.	PUNCT
ftr-442	140	1	"	"	PUNCT
ftr-442	140	2	)	)	PUNCT
ftr-442	140	3	.	.	PUNCT
ftr-442	141	1	[	[	X
ftr-442	141	2	vol	vol	NOUN
ftr-442	141	3	4.3	4.3	NUM
ftr-442	141	4	taxation	taxation	NOUN
ftr-442	141	5	of	of	ADP
ftr-442	141	6	private	private	ADJ
ftr-442	141	7	business	business	NOUN
ftr-442	141	8	firms	firm	NOUN
ftr-442	141	9	proportions	proportion	VERB
ftr-442	141	10	$	$	SYM
ftr-442	141	11	73	73	NUM
ftr-442	141	12	to	to	ADP
ftr-442	141	13	l	l	NOUN
ftr-442	141	14	and	and	CCONJ
ftr-442	141	15	$	$	SYM
ftr-442	141	16	27	27	NUM
ftr-442	141	17	to	to	PART
ftr-442	141	18	x.	x.	VERB
ftr-442	141	19	the	the	DET
ftr-442	141	20	comparisons	comparison	NOUN
ftr-442	141	21	are	be	AUX
ftr-442	141	22	worked	work	VERB
ftr-442	141	23	out	out	ADP
ftr-442	141	24	more	more	ADV
ftr-442	141	25	fully	fully	ADV
ftr-442	141	26	in	in	ADP
ftr-442	141	27	example	example	NOUN
ftr-442	141	28	1	1	NUM
ftr-442	141	29	.	.	PUNCT
ftr-442	141	30	example	example	NOUN
ftr-442	142	1	1	1	NUM
ftr-442	142	2	x	x	NOUN
ftr-442	142	3	owns	own	VERB
ftr-442	142	4	property	property	NOUN
ftr-442	142	5	worth	worth	ADJ
ftr-442	142	6	$	$	SYM
ftr-442	142	7	851	851	NUM
ftr-442	142	8	generating	generate	VERB
ftr-442	142	9	annual	annual	ADJ
ftr-442	142	10	net	net	ADJ
ftr-442	142	11	revenue	revenue	NOUN
ftr-442	142	12	of	of	ADP
ftr-442	142	13	$	$	SYM
ftr-442	142	14	100	100	NUM
ftr-442	142	15	net	net	ADJ
ftr-442	142	16	depreciation	depreciation	NOUN
ftr-442	142	17	net	net	ADJ
ftr-442	142	18	income	income	NOUN
ftr-442	142	19	year	year	NOUN
ftr-442	142	20	revenue	revenue	NOUN
ftr-442	142	21	economic	economic	ADJ
ftr-442	142	22	tax	tax	NOUN
ftr-442	142	23	economic	economic	ADJ
ftr-442	142	24	tax	tax	NOUN
ftr-442	142	25	difference	difference	NOUN
ftr-442	142	26	1	1	NUM
ftr-442	142	27	$	$	SYM
ftr-442	142	28	100	100	NUM
ftr-442	142	29	$	$	SYM
ftr-442	142	30	15	15	NUM
ftr-442	142	31	$	$	SYM
ftr-442	142	32	43	43	NUM
ftr-442	142	33	$	$	SYM
ftr-442	142	34	85	85	NUM
ftr-442	142	35	$	$	SYM
ftr-442	142	36	57	57	NUM
ftr-442	142	37	$	$	SYM
ftr-442	142	38	28	28	NUM
ftr-442	142	39	2	2	NUM
ftr-442	142	40	100	100	NUM
ftr-442	142	41	16	16	NUM
ftr-442	142	42	43	43	NUM
ftr-442	142	43	84	84	NUM
ftr-442	142	44	57	57	NUM
ftr-442	142	45	27	27	NUM
ftr-442	142	46	3	3	NUM
ftr-442	142	47	100	100	NUM
ftr-442	142	48	18	18	NUM
ftr-442	142	49	43	43	NUM
ftr-442	142	50	82	82	NUM
ftr-442	142	51	57	57	NUM
ftr-442	142	52	25	25	NUM
ftr-442	142	53	4	4	NUM
ftr-442	142	54	100	100	NUM
ftr-442	142	55	20	20	NUM
ftr-442	142	56	43	43	NUM
ftr-442	142	57	80	80	NUM
ftr-442	142	58	57	57	NUM
ftr-442	142	59	23	23	NUM
ftr-442	142	60	5	5	NUM
ftr-442	142	61	100	100	NUM
ftr-442	142	62	22	22	NUM
ftr-442	142	63	43	43	NUM
ftr-442	142	64	78	78	NUM
ftr-442	142	65	57	57	NUM
ftr-442	142	66	21	21	NUM
ftr-442	142	67	10	10	NUM
ftr-442	142	68	100	100	NUM
ftr-442	142	69	39	39	NUM
ftr-442	142	70	43	43	NUM
ftr-442	142	71	61	61	NUM
ftr-442	142	72	57	57	NUM
ftr-442	142	73	4	4	NUM
ftr-442	142	74	16	16	NUM
ftr-442	142	75	100	100	NUM
ftr-442	142	76	62	62	NUM
ftr-442	142	77	43	43	NUM
ftr-442	142	78	38	38	NUM
ftr-442	142	79	57	57	NUM
ftr-442	142	80	(	(	PUNCT
ftr-442	142	81	19	19	NUM
ftr-442	142	82	)	)	PUNCT
ftr-442	142	83	17	17	NUM
ftr-442	142	84	100	100	NUM
ftr-442	142	85	68	68	NUM
ftr-442	142	86	43	43	NUM
ftr-442	142	87	32	32	NUM
ftr-442	142	88	57	57	NUM
ftr-442	142	89	(	(	PUNCT
ftr-442	142	90	25	25	NUM
ftr-442	142	91	)	)	PUNCT
ftr-442	142	92	18	18	NUM
ftr-442	142	93	100	100	NUM
ftr-442	142	94	75	75	NUM
ftr-442	142	95	43	43	NUM
ftr-442	142	96	25	25	NUM
ftr-442	142	97	57	57	NUM
ftr-442	142	98	(	(	PUNCT
ftr-442	142	99	32	32	NUM
ftr-442	142	100	)	)	PUNCT
ftr-442	142	101	19	19	NUM
ftr-442	142	102	100	100	NUM
ftr-442	142	103	83	83	NUM
ftr-442	142	104	43	43	NUM
ftr-442	142	105	17	17	NUM
ftr-442	142	106	57	57	NUM
ftr-442	142	107	(	(	PUNCT
ftr-442	142	108	40	40	NUM
ftr-442	142	109	)	)	PUNCT
ftr-442	142	110	20	20	NUM
ftr-442	142	111	100	100	NUM
ftr-442	142	112	91	91	NUM
ftr-442	142	113	43	43	NUM
ftr-442	142	114	9	9	NUM
ftr-442	142	115	57	57	NUM
ftr-442	142	116	(	(	PUNCT
ftr-442	142	117	48	48	NUM
ftr-442	142	118	)	)	PUNCT
ftr-442	142	119	x	x	NOUN
ftr-442	142	120	finances	finance	VERB
ftr-442	142	121	property	property	NOUN
ftr-442	142	122	with	with	ADP
ftr-442	142	123	8	8	NUM
ftr-442	142	124	%	%	NOUN
ftr-442	142	125	$	$	SYM
ftr-442	142	126	713	713	NUM
ftr-442	142	127	loan	loan	NOUN
ftr-442	142	128	net	net	ADJ
ftr-442	142	129	depreciation	depreciation	NOUN
ftr-442	142	130	net	net	ADJ
ftr-442	142	131	income	income	NOUN
ftr-442	142	132	year	year	NOUN
ftr-442	142	133	revenue	revenue	NOUN
ftr-442	142	134	interest	interest	NOUN
ftr-442	142	135	economic	economic	ADJ
ftr-442	142	136	tax	tax	NOUN
ftr-442	142	137	economic	economic	ADJ
ftr-442	142	138	tax	tax	NOUN
ftr-442	142	139	difference	difference	NOUN
ftr-442	142	140	1	1	NUM
ftr-442	142	141	$	$	SYM
ftr-442	142	142	100	100	NUM
ftr-442	142	143	$	$	SYM
ftr-442	142	144	57	57	NUM
ftr-442	142	145	$	$	SYM
ftr-442	142	146	15	15	NUM
ftr-442	142	147	$	$	SYM
ftr-442	142	148	43	43	NUM
ftr-442	142	149	$	$	SYM
ftr-442	142	150	28	28	NUM
ftr-442	142	151	-0$28	-0$28	SYM
ftr-442	142	152	2	2	NUM
ftr-442	142	153	100	100	NUM
ftr-442	142	154	56	56	NUM
ftr-442	142	155	16	16	NUM
ftr-442	142	156	43	43	NUM
ftr-442	142	157	28	28	NUM
ftr-442	142	158	1	1	NUM
ftr-442	142	159	27	27	NUM
ftr-442	142	160	3	3	NUM
ftr-442	142	161	100	100	NUM
ftr-442	142	162	54	54	NUM
ftr-442	142	163	18	18	NUM
ftr-442	142	164	43	43	NUM
ftr-442	142	165	28	28	NUM
ftr-442	142	166	3	3	NUM
ftr-442	142	167	25	25	NUM
ftr-442	142	168	4	4	NUM
ftr-442	142	169	100	100	NUM
ftr-442	142	170	53	53	NUM
ftr-442	142	171	20	20	NUM
ftr-442	142	172	43	43	NUM
ftr-442	142	173	27	27	NUM
ftr-442	142	174	4	4	NUM
ftr-442	142	175	23	23	NUM
ftr-442	142	176	5	5	NUM
ftr-442	142	177	100	100	NUM
ftr-442	142	178	51	51	NUM
ftr-442	142	179	22	22	NUM
ftr-442	142	180	43	43	NUM
ftr-442	142	181	27	27	NUM
ftr-442	142	182	6	6	NUM
ftr-442	142	183	21	21	NUM
ftr-442	142	184	10	10	NUM
ftr-442	142	185	100	100	NUM
ftr-442	142	186	41	41	NUM
ftr-442	142	187	39	39	NUM
ftr-442	142	188	43	43	NUM
ftr-442	142	189	20	20	NUM
ftr-442	142	190	16	16	NUM
ftr-442	142	191	4	4	NUM
ftr-442	142	192	16	16	NUM
ftr-442	142	193	100	100	NUM
ftr-442	142	194	23	23	NUM
ftr-442	142	195	62	62	NUM
ftr-442	142	196	43	43	NUM
ftr-442	142	197	15	15	NUM
ftr-442	142	198	34	34	NUM
ftr-442	142	199	(	(	PUNCT
ftr-442	142	200	19	19	NUM
ftr-442	142	201	)	)	PUNCT
ftr-442	142	202	17	17	NUM
ftr-442	142	203	100	100	NUM
ftr-442	142	204	19	19	NUM
ftr-442	142	205	68	68	NUM
ftr-442	142	206	43	43	NUM
ftr-442	142	207	13	13	NUM
ftr-442	142	208	38	38	NUM
ftr-442	142	209	(	(	PUNCT
ftr-442	142	210	25	25	NUM
ftr-442	142	211	)	)	PUNCT
ftr-442	142	212	18	18	NUM
ftr-442	142	213	100	100	NUM
ftr-442	142	214	15	15	NUM
ftr-442	142	215	75	75	NUM
ftr-442	142	216	43	43	NUM
ftr-442	142	217	10	10	NUM
ftr-442	142	218	42	42	NUM
ftr-442	142	219	(	(	PUNCT
ftr-442	142	220	32	32	NUM
ftr-442	142	221	)	)	PUNCT
ftr-442	142	222	19	19	NUM
ftr-442	142	223	100	100	NUM
ftr-442	142	224	10	10	NUM
ftr-442	142	225	83	83	NUM
ftr-442	142	226	43	43	NUM
ftr-442	142	227	7	7	NUM
ftr-442	142	228	47	47	NUM
ftr-442	142	229	(	(	PUNCT
ftr-442	142	230	40	40	NUM
ftr-442	142	231	)	)	PUNCT
ftr-442	142	232	20	20	NUM
ftr-442	142	233	100	100	NUM
ftr-442	142	234	5	5	NUM
ftr-442	142	235	91	91	NUM
ftr-442	142	236	43	43	NUM
ftr-442	142	237	4	4	NUM
ftr-442	142	238	52	52	NUM
ftr-442	142	239	(	(	PUNCT
ftr-442	142	240	48	48	NUM
ftr-442	142	241	)	)	PUNCT
ftr-442	142	242	19991	19991	NUM
ftr-442	142	243	florida	florida	PROPN
ftr-442	142	244	tax	tax	NOUN
ftr-442	142	245	review	review	NOUN
ftr-442	142	246	x	x	PUNCT
ftr-442	142	247	and	and	CCONJ
ftr-442	142	248	l	l	NOUN
ftr-442	142	249	are	be	AUX
ftr-442	142	250	partners	partner	NOUN
ftr-442	142	251	partnership	partnership	NOUN
ftr-442	142	252	income	income	NOUN
ftr-442	142	253	tax	tax	NOUN
ftr-442	142	254	allocations	allocation	NOUN
ftr-442	142	255	year	year	NOUN
ftr-442	142	256	economic	economic	ADJ
ftr-442	142	257	tax	tax	NOUN
ftr-442	142	258	l	l	NOUN
ftr-442	142	259	x	x	SYM
ftr-442	142	260	1	1	NUM
ftr-442	142	261	$	$	SYM
ftr-442	142	262	85	85	NUM
ftr-442	142	263	$	$	SYM
ftr-442	142	264	57	57	NUM
ftr-442	142	265	$	$	SYM
ftr-442	142	266	57	57	NUM
ftr-442	142	267	-02	-02	NUM
ftr-442	142	268	84	84	NUM
ftr-442	142	269	57	57	NUM
ftr-442	142	270	56	56	NUM
ftr-442	142	271	1	1	NUM
ftr-442	142	272	3	3	NUM
ftr-442	142	273	82	82	NUM
ftr-442	142	274	57	57	NUM
ftr-442	142	275	54	54	NUM
ftr-442	142	276	3	3	NUM
ftr-442	142	277	4	4	NUM
ftr-442	142	278	80	80	NUM
ftr-442	142	279	57	57	NUM
ftr-442	142	280	53	53	NUM
ftr-442	142	281	4	4	NUM
ftr-442	142	282	5	5	NUM
ftr-442	142	283	78	78	NUM
ftr-442	142	284	57	57	NUM
ftr-442	142	285	51	51	NUM
ftr-442	142	286	6	6	NUM
ftr-442	142	287	10	10	NUM
ftr-442	142	288	61	61	NUM
ftr-442	142	289	57	57	NUM
ftr-442	142	290	41	41	NUM
ftr-442	142	291	16	16	NUM
ftr-442	142	292	16	16	NUM
ftr-442	142	293	38	38	NUM
ftr-442	142	294	57	57	NUM
ftr-442	142	295	23	23	NUM
ftr-442	142	296	34	34	NUM
ftr-442	142	297	17	17	NUM
ftr-442	142	298	32	32	NUM
ftr-442	142	299	57	57	NUM
ftr-442	142	300	19	19	NUM
ftr-442	142	301	38	38	NUM
ftr-442	142	302	18	18	NUM
ftr-442	142	303	25	25	NUM
ftr-442	142	304	57	57	NUM
ftr-442	142	305	15	15	NUM
ftr-442	142	306	42	42	NUM
ftr-442	142	307	19	19	NUM
ftr-442	142	308	17	17	NUM
ftr-442	142	309	57	57	NUM
ftr-442	142	310	10	10	NUM
ftr-442	142	311	47	47	NUM
ftr-442	142	312	20	20	NUM
ftr-442	142	313	9	9	NUM
ftr-442	142	314	57	57	NUM
ftr-442	142	315	5	5	NUM
ftr-442	142	316	52	52	NUM
ftr-442	142	317	to	to	PART
ftr-442	142	318	be	be	AUX
ftr-442	142	319	sure	sure	ADJ
ftr-442	142	320	,	,	PUNCT
ftr-442	142	321	there	there	PRON
ftr-442	142	322	are	be	VERB
ftr-442	142	323	important	important	ADJ
ftr-442	142	324	financial	financial	ADJ
ftr-442	142	325	differences	difference	NOUN
ftr-442	142	326	between	between	ADP
ftr-442	142	327	a	a	DET
ftr-442	142	328	lender	lender	NOUN
ftr-442	142	329	's	's	PART
ftr-442	142	330	interest	interest	NOUN
ftr-442	142	331	and	and	CCONJ
ftr-442	142	332	a	a	DET
ftr-442	142	333	partnership	partnership	NOUN
ftr-442	142	334	interest	interest	NOUN
ftr-442	142	335	.	.	PUNCT
ftr-442	143	1	however	however	ADV
ftr-442	143	2	,	,	PUNCT
ftr-442	143	3	the	the	DET
ftr-442	143	4	point	point	NOUN
ftr-442	143	5	of	of	ADP
ftr-442	143	6	the	the	DET
ftr-442	143	7	example	example	NOUN
ftr-442	143	8	is	be	AUX
ftr-442	143	9	that	that	SCONJ
ftr-442	143	10	,	,	PUNCT
ftr-442	143	11	when	when	SCONJ
ftr-442	143	12	taxable	taxable	ADJ
ftr-442	143	13	income	income	NOUN
ftr-442	143	14	diverges	diverge	VERB
ftr-442	143	15	from	from	ADP
ftr-442	143	16	economic	economic	ADJ
ftr-442	143	17	income	income	NOUN
ftr-442	143	18	,	,	PUNCT
ftr-442	143	19	the	the	DET
ftr-442	143	20	benefit	benefit	NOUN
ftr-442	143	21	or	or	CCONJ
ftr-442	143	22	detriment	detriment	NOUN
ftr-442	143	23	of	of	ADP
ftr-442	143	24	the	the	DET
ftr-442	143	25	divergence	divergence	NOUN
ftr-442	143	26	can	can	AUX
ftr-442	143	27	be	be	AUX
ftr-442	143	28	allocated	allocate	VERB
ftr-442	143	29	between	between	ADP
ftr-442	143	30	a	a	DET
ftr-442	143	31	lender	lender	NOUN
ftr-442	143	32	and	and	CCONJ
ftr-442	143	33	an	an	DET
ftr-442	143	34	equity	equity	NOUN
ftr-442	143	35	investor	investor	NOUN
ftr-442	143	36	in	in	ADP
ftr-442	143	37	the	the	DET
ftr-442	143	38	same	same	ADJ
ftr-442	143	39	way	way	NOUN
ftr-442	143	40	in	in	ADP
ftr-442	143	41	which	which	PRON
ftr-442	143	42	the	the	DET
ftr-442	143	43	subchapter	subchapter	NOUN
ftr-442	143	44	k	k	PROPN
ftr-442	143	45	rules	rule	NOUN
ftr-442	143	46	allow	allow	VERB
ftr-442	143	47	it	it	PRON
ftr-442	143	48	to	to	PART
ftr-442	143	49	be	be	AUX
ftr-442	143	50	allocated	allocate	VERB
ftr-442	143	51	among	among	ADP
ftr-442	143	52	partners	partner	NOUN
ftr-442	143	53	.	.	PUNCT
ftr-442	144	1	nevertheless	nevertheless	ADV
ftr-442	144	2	,	,	PUNCT
ftr-442	144	3	partnership	partnership	NOUN
ftr-442	144	4	allocations	allocation	NOUN
ftr-442	144	5	have	have	VERB
ftr-442	144	6	unique	unique	ADJ
ftr-442	144	7	features	feature	NOUN
ftr-442	144	8	that	that	PRON
ftr-442	144	9	allow	allow	VERB
ftr-442	144	10	tax	tax	NOUN
ftr-442	144	11	benefits	benefit	NOUN
ftr-442	144	12	to	to	PART
ftr-442	144	13	be	be	AUX
ftr-442	144	14	shifted	shift	VERB
ftr-442	144	15	from	from	ADP
ftr-442	144	16	partner	partner	NOUN
ftr-442	144	17	to	to	AUX
ftr-442	144	18	partner	partner	VERB
ftr-442	144	19	in	in	ADP
ftr-442	144	20	ways	way	NOUN
ftr-442	144	21	not	not	PART
ftr-442	144	22	possible	possible	ADJ
ftr-442	144	23	in	in	ADP
ftr-442	144	24	other	other	ADJ
ftr-442	144	25	contexts	contexts	NOUN
ftr-442	144	26	.	.	PUNCT
ftr-442	145	1	for	for	ADP
ftr-442	145	2	example	example	NOUN
ftr-442	145	3	,	,	PUNCT
ftr-442	145	4	partnership	partnership	NOUN
ftr-442	145	5	allocations	allocation	NOUN
ftr-442	145	6	may	may	AUX
ftr-442	145	7	be	be	AUX
ftr-442	145	8	altered	alter	VERB
ftr-442	145	9	from	from	ADP
ftr-442	145	10	year	year	NOUN
ftr-442	145	11	to	to	ADP
ftr-442	145	12	year	year	NOUN
ftr-442	145	13	.	.	PUNCT
ftr-442	146	1	under	under	ADP
ftr-442	146	2	sections	section	NOUN
ftr-442	146	3	704(a	704(a	PROPN
ftr-442	146	4	)	)	PUNCT
ftr-442	146	5	and	and	CCONJ
ftr-442	146	6	761(c	761(c	NOUN
ftr-442	146	7	)	)	PUNCT
ftr-442	146	8	,	,	PUNCT
ftr-442	146	9	each	each	DET
ftr-442	146	10	item	item	NOUN
ftr-442	146	11	of	of	ADP
ftr-442	146	12	partnership	partnership	NOUN
ftr-442	146	13	income	income	NOUN
ftr-442	146	14	,	,	PUNCT
ftr-442	146	15	deduction	deduction	NOUN
ftr-442	146	16	,	,	PUNCT
ftr-442	146	17	and	and	CCONJ
ftr-442	146	18	credit	credit	NOUN
ftr-442	146	19	is	be	AUX
ftr-442	146	20	usually	usually	ADV
ftr-442	146	21	allocated	allocate	VERB
ftr-442	146	22	among	among	ADP
ftr-442	146	23	the	the	DET
ftr-442	146	24	partners	partner	NOUN
ftr-442	146	25	as	as	SCONJ
ftr-442	146	26	provided	provide	VERB
ftr-442	146	27	in	in	ADP
ftr-442	146	28	the	the	DET
ftr-442	146	29	partnership	partnership	NOUN
ftr-442	146	30	agreement	agreement	NOUN
ftr-442	146	31	,	,	PUNCT
ftr-442	146	32	as	as	SCONJ
ftr-442	146	33	it	it	PRON
ftr-442	146	34	may	may	AUX
ftr-442	146	35	be	be	AUX
ftr-442	146	36	amended	amend	VERB
ftr-442	146	37	at	at	ADP
ftr-442	146	38	any	any	DET
ftr-442	146	39	time	time	NOUN
ftr-442	146	40	before	before	SCONJ
ftr-442	146	41	the	the	DET
ftr-442	146	42	partnership	partnership	NOUN
ftr-442	146	43	's	's	PART
ftr-442	146	44	return	return	NOUN
ftr-442	146	45	is	be	AUX
ftr-442	146	46	due	due	ADJ
ftr-442	146	47	.	.	PUNCT
ftr-442	147	1	no	no	DET
ftr-442	147	2	partner	partner	NOUN
ftr-442	147	3	recognizes	recognize	VERB
ftr-442	147	4	gain	gain	NOUN
ftr-442	147	5	or	or	CCONJ
ftr-442	147	6	loss	loss	NOUN
ftr-442	147	7	as	as	ADP
ftr-442	147	8	a	a	DET
ftr-442	147	9	result	result	NOUN
ftr-442	147	10	of	of	ADP
ftr-442	147	11	an	an	DET
ftr-442	147	12	amendment	amendment	NOUN
ftr-442	147	13	of	of	ADP
ftr-442	147	14	the	the	DET
ftr-442	147	15	partnership	partnership	NOUN
ftr-442	147	16	agreement	agreement	NOUN
ftr-442	147	17	,	,	PUNCT
ftr-442	147	18	even	even	ADV
ftr-442	147	19	if	if	SCONJ
ftr-442	147	20	the	the	DET
ftr-442	147	21	amendment	amendment	NOUN
ftr-442	147	22	substantially	substantially	ADV
ftr-442	147	23	changes	change	VERB
ftr-442	147	24	the	the	DET
ftr-442	147	25	nature	nature	NOUN
ftr-442	147	26	of	of	ADP
ftr-442	147	27	each	each	DET
ftr-442	147	28	partner	partner	NOUN
ftr-442	147	29	's	's	PART
ftr-442	147	30	interest	interest	NOUN
ftr-442	147	31	.	.	PUNCT
ftr-442	148	1	the	the	DET
ftr-442	148	2	allocation	allocation	NOUN
ftr-442	148	3	of	of	ADP
ftr-442	148	4	tax	tax	NOUN
ftr-442	148	5	benefits	benefit	NOUN
ftr-442	148	6	from	from	ADP
ftr-442	148	7	multiparty	multiparty	ADJ
ftr-442	148	8	investments	investment	NOUN
ftr-442	148	9	organized	organize	VERB
ftr-442	148	10	in	in	ADP
ftr-442	148	11	other	other	ADJ
ftr-442	148	12	ways	way	NOUN
ftr-442	148	13	generally	generally	ADV
ftr-442	148	14	flows	flow	VERB
ftr-442	148	15	from	from	ADP
ftr-442	148	16	the	the	DET
ftr-442	148	17	structure	structure	NOUN
ftr-442	148	18	in	in	ADP
ftr-442	148	19	which	which	PRON
ftr-442	148	20	the	the	DET
ftr-442	148	21	investment	investment	NOUN
ftr-442	148	22	is	be	AUX
ftr-442	148	23	originally	originally	ADV
ftr-442	148	24	cast	cast	VERB
ftr-442	148	25	,	,	PUNCT
ftr-442	148	26	and	and	CCONJ
ftr-442	148	27	a	a	DET
ftr-442	148	28	change	change	NOUN
ftr-442	148	29	in	in	ADP
ftr-442	148	30	this	this	DET
ftr-442	148	31	allocation	allocation	NOUN
ftr-442	148	32	may	may	AUX
ftr-442	148	33	cause	cause	VERB
ftr-442	148	34	each	each	DET
ftr-442	148	35	participant	participant	NOUN
ftr-442	148	36	to	to	PART
ftr-442	148	37	be	be	AUX
ftr-442	148	38	taxed	tax	VERB
ftr-442	148	39	as	as	SCONJ
ftr-442	148	40	though	though	SCONJ
ftr-442	148	41	she	she	PRON
ftr-442	148	42	had	have	AUX
ftr-442	148	43	exchanged	exchange	VERB
ftr-442	148	44	one	one	NUM
ftr-442	148	45	interest	interest	NOUN
ftr-442	148	46	in	in	ADP
ftr-442	148	47	the	the	DET
ftr-442	148	48	underlying	underlie	VERB
ftr-442	148	49	property	property	NOUN
ftr-442	148	50	for	for	ADP
ftr-442	148	51	another	another	PRON
ftr-442	148	52	.	.	PUNCT
ftr-442	149	1	8	8	NUM
ftr-442	149	2	for	for	ADP
ftr-442	149	3	example	example	NOUN
ftr-442	149	4	,	,	PUNCT
ftr-442	149	5	if	if	SCONJ
ftr-442	149	6	x	x	PRON
ftr-442	149	7	purchases	purchase	VERB
ftr-442	149	8	the	the	DET
ftr-442	149	9	property	property	NOUN
ftr-442	149	10	in	in	ADP
ftr-442	149	11	example	example	NOUN
ftr-442	149	12	1	1	NUM
ftr-442	149	13	,	,	PUNCT
ftr-442	149	14	financing	finance	VERB
ftr-442	149	15	the	the	DET
ftr-442	149	16	purchase	purchase	NOUN
ftr-442	149	17	with	with	ADP
ftr-442	149	18	a	a	DET
ftr-442	149	19	loan	loan	NOUN
ftr-442	149	20	from	from	ADP
ftr-442	149	21	l	l	NOUN
ftr-442	149	22	,	,	PUNCT
ftr-442	149	23	x	x	PUNCT
ftr-442	149	24	and	and	CCONJ
ftr-442	149	25	l	l	NOUN
ftr-442	149	26	can	can	AUX
ftr-442	149	27	not	not	PART
ftr-442	149	28	trade	trade	VERB
ftr-442	149	29	places	place	NOUN
ftr-442	149	30	without	without	ADP
ftr-442	149	31	recognizing	recognize	VERB
ftr-442	149	32	gain	gain	NOUN
ftr-442	149	33	or	or	CCONJ
ftr-442	149	34	loss	loss	NOUN
ftr-442	149	35	,	,	PUNCT
ftr-442	149	36	but	but	CCONJ
ftr-442	149	37	if	if	SCONJ
ftr-442	149	38	they	they	PRON
ftr-442	149	39	organize	organize	VERB
ftr-442	149	40	the	the	DET
ftr-442	149	41	xl	xl	PROPN
ftr-442	149	42	partnership	partnership	NOUN
ftr-442	149	43	to	to	PART
ftr-442	149	44	acquire	acquire	VERB
ftr-442	149	45	and	and	CCONJ
ftr-442	149	46	hold	hold	VERB
ftr-442	149	47	the	the	DET
ftr-442	149	48	property	property	NOUN
ftr-442	149	49	,	,	PUNCT
ftr-442	149	50	18	18	NUM
ftr-442	149	51	.	.	PUNCT
ftr-442	150	1	for	for	ADP
ftr-442	150	2	example	example	NOUN
ftr-442	150	3	,	,	PUNCT
ftr-442	150	4	a	a	DET
ftr-442	150	5	substantial	substantial	ADJ
ftr-442	150	6	modification	modification	NOUN
ftr-442	150	7	of	of	ADP
ftr-442	150	8	a	a	DET
ftr-442	150	9	debt	debt	NOUN
ftr-442	150	10	instrument	instrument	NOUN
ftr-442	150	11	is	be	AUX
ftr-442	150	12	treated	treat	VERB
ftr-442	150	13	as	as	ADP
ftr-442	150	14	an	an	DET
ftr-442	150	15	exchange	exchange	NOUN
ftr-442	150	16	,	,	PUNCT
ftr-442	150	17	often	often	ADV
ftr-442	150	18	taxable	taxable	ADJ
ftr-442	150	19	,	,	PUNCT
ftr-442	150	20	of	of	ADP
ftr-442	150	21	one	one	NUM
ftr-442	150	22	debt	debt	NOUN
ftr-442	150	23	instrument	instrument	NOUN
ftr-442	150	24	for	for	ADP
ftr-442	150	25	another	another	PRON
ftr-442	150	26	.	.	PUNCT
ftr-442	151	1	see	see	VERB
ftr-442	151	2	regs	reg	NOUN
ftr-442	151	3	.	.	PUNCT
ftr-442	152	1	§	§	PROPN
ftr-442	152	2	1.1001	1.1001	NUM
ftr-442	152	3	-	-	SYM
ftr-442	152	4	3	3	NUM
ftr-442	152	5	.	.	PUNCT
ftr-442	153	1	[	[	X
ftr-442	153	2	vol	vol	NOUN
ftr-442	153	3	4:3	4:3	NUM
ftr-442	153	4	taxation	taxation	NOUN
ftr-442	153	5	of	of	ADP
ftr-442	153	6	private	private	ADJ
ftr-442	153	7	business	business	NOUN
ftr-442	153	8	firns	firn	VERB
ftr-442	153	9	the	the	DET
ftr-442	153	10	allocation	allocation	NOUN
ftr-442	153	11	of	of	ADP
ftr-442	153	12	the	the	DET
ftr-442	153	13	tax	tax	NOUN
ftr-442	153	14	benefits	benefit	NOUN
ftr-442	153	15	of	of	ADP
ftr-442	153	16	ownership	ownership	NOUN
ftr-442	153	17	can	can	AUX
ftr-442	153	18	be	be	AUX
ftr-442	153	19	altered	alter	VERB
ftr-442	153	20	year	year	NOUN
ftr-442	153	21	-	-	PUNCT
ftr-442	153	22	by	by	ADP
ftr-442	153	23	-	-	PUNCT
ftr-442	153	24	year	year	NOUN
ftr-442	153	25	so	so	ADV
ftr-442	153	26	long	long	ADV
ftr-442	153	27	as	as	SCONJ
ftr-442	153	28	the	the	DET
ftr-442	153	29	substantial	substantial	ADJ
ftr-442	153	30	economic	economic	ADJ
ftr-442	153	31	effect	effect	NOUN
ftr-442	153	32	test	test	NOUN
ftr-442	153	33	is	be	AUX
ftr-442	153	34	met	meet	VERB
ftr-442	153	35	.	.	PUNCT
ftr-442	154	1	the	the	DET
ftr-442	154	2	partnership	partnership	NOUN
ftr-442	154	3	allocation	allocation	NOUN
ftr-442	154	4	mechanism	mechanism	NOUN
ftr-442	154	5	also	also	ADV
ftr-442	154	6	is	be	AUX
ftr-442	154	7	more	more	ADV
ftr-442	154	8	flexible	flexible	ADJ
ftr-442	154	9	in	in	ADP
ftr-442	154	10	not	not	PART
ftr-442	154	11	confining	confine	VERB
ftr-442	154	12	the	the	DET
ftr-442	154	13	sorting	sorting	NOUN
ftr-442	154	14	to	to	ADP
ftr-442	154	15	broad	broad	ADJ
ftr-442	154	16	categories	category	NOUN
ftr-442	154	17	,	,	PUNCT
ftr-442	154	18	such	such	ADJ
ftr-442	154	19	as	as	ADP
ftr-442	154	20	debt	debt	NOUN
ftr-442	154	21	and	and	CCONJ
ftr-442	154	22	equity	equity	NOUN
ftr-442	154	23	.	.	PUNCT
ftr-442	155	1	this	this	PRON
ftr-442	155	2	allows	allow	VERB
ftr-442	155	3	partners	partner	NOUN
ftr-442	155	4	to	to	PART
ftr-442	155	5	fashion	fashion	VERB
ftr-442	155	6	their	their	PRON
ftr-442	155	7	arrangements	arrangement	NOUN
ftr-442	155	8	to	to	PART
ftr-442	155	9	direct	direct	VERB
ftr-442	155	10	each	each	DET
ftr-442	155	11	tax	tax	NOUN
ftr-442	155	12	benefit	benefit	NOUN
ftr-442	155	13	in	in	ADP
ftr-442	155	14	the	the	DET
ftr-442	155	15	way	way	NOUN
ftr-442	155	16	that	that	PRON
ftr-442	155	17	best	good	ADJ
ftr-442	155	18	minimizes	minimize	VERB
ftr-442	155	19	their	their	PRON
ftr-442	155	20	tax	tax	NOUN
ftr-442	155	21	liabilities	liability	NOUN
ftr-442	155	22	.	.	PUNCT
ftr-442	156	1	b.	b.	PROPN
ftr-442	157	1	a	a	DET
ftr-442	157	2	dollar	dollar	NOUN
ftr-442	157	3	is	be	AUX
ftr-442	157	4	a	a	DET
ftr-442	157	5	dollar	dollar	NOUN
ftr-442	157	6	,	,	PUNCT
ftr-442	157	7	not	not	PART
ftr-442	157	8	gross	gross	ADJ
ftr-442	157	9	income	income	NOUN
ftr-442	157	10	or	or	CCONJ
ftr-442	157	11	deduction	deduction	NOUN
ftr-442	157	12	partnership	partnership	NOUN
ftr-442	157	13	allocations	allocation	NOUN
ftr-442	157	14	that	that	PRON
ftr-442	157	15	have	have	VERB
ftr-442	157	16	substantial	substantial	ADJ
ftr-442	157	17	economic	economic	ADJ
ftr-442	157	18	effect	effect	NOUN
ftr-442	157	19	do	do	AUX
ftr-442	157	20	not	not	PART
ftr-442	157	21	necessarily	necessarily	ADV
ftr-442	157	22	reflect	reflect	VERB
ftr-442	157	23	the	the	DET
ftr-442	157	24	partners	partner	NOUN
ftr-442	157	25	'	'	PART
ftr-442	157	26	economic	economic	ADJ
ftr-442	157	27	income	income	NOUN
ftr-442	157	28	.	.	PUNCT
ftr-442	158	1	for	for	ADP
ftr-442	158	2	example	example	NOUN
ftr-442	158	3	,	,	PUNCT
ftr-442	158	4	tax	tax	NOUN
ftr-442	158	5	laws	law	NOUN
ftr-442	158	6	sometimes	sometimes	ADV
ftr-442	158	7	attach	attach	VERB
ftr-442	158	8	characterizations	characterization	NOUN
ftr-442	158	9	to	to	PART
ftr-442	158	10	income	income	NOUN
ftr-442	158	11	or	or	CCONJ
ftr-442	158	12	deduction	deduction	NOUN
ftr-442	158	13	items	item	NOUN
ftr-442	158	14	that	that	PRON
ftr-442	158	15	have	have	VERB
ftr-442	158	16	important	important	ADJ
ftr-442	158	17	tax	tax	NOUN
ftr-442	158	18	consequences	consequence	NOUN
ftr-442	158	19	but	but	CCONJ
ftr-442	158	20	do	do	AUX
ftr-442	158	21	not	not	PART
ftr-442	158	22	have	have	VERB
ftr-442	158	23	economic	economic	ADJ
ftr-442	158	24	consequences	consequence	NOUN
ftr-442	158	25	.	.	PUNCT
ftr-442	159	1	apart	apart	ADV
ftr-442	159	2	from	from	ADP
ftr-442	159	3	taxes	taxis	NOUN
ftr-442	159	4	,	,	PUNCT
ftr-442	159	5	partners	partner	NOUN
ftr-442	159	6	are	be	AUX
ftr-442	159	7	concerned	concern	VERB
ftr-442	159	8	only	only	ADV
ftr-442	159	9	about	about	ADP
ftr-442	159	10	the	the	DET
ftr-442	159	11	number	number	NOUN
ftr-442	159	12	of	of	ADP
ftr-442	159	13	dollars	dollar	NOUN
ftr-442	159	14	allocated	allocate	VERB
ftr-442	159	15	to	to	ADP
ftr-442	159	16	them	they	PRON
ftr-442	159	17	,	,	PUNCT
ftr-442	159	18	but	but	CCONJ
ftr-442	159	19	a	a	DET
ftr-442	159	20	partner	partner	NOUN
ftr-442	159	21	's	's	PART
ftr-442	159	22	tax	tax	NOUN
ftr-442	159	23	liabilities	liability	NOUN
ftr-442	159	24	can	can	AUX
ftr-442	159	25	be	be	AUX
ftr-442	159	26	importantly	importantly	ADV
ftr-442	159	27	affected	affect	VERB
ftr-442	159	28	by	by	ADP
ftr-442	159	29	whether	whether	SCONJ
ftr-442	159	30	a	a	DET
ftr-442	159	31	particular	particular	ADJ
ftr-442	159	32	allocation	allocation	NOUN
ftr-442	159	33	consists	consist	VERB
ftr-442	159	34	,	,	PUNCT
ftr-442	159	35	for	for	ADP
ftr-442	159	36	example	example	NOUN
ftr-442	159	37	,	,	PUNCT
ftr-442	159	38	of	of	ADP
ftr-442	159	39	capital	capital	NOUN
ftr-442	159	40	gains	gain	NOUN
ftr-442	159	41	or	or	CCONJ
ftr-442	159	42	ordinary	ordinary	ADJ
ftr-442	159	43	income	income	NOUN
ftr-442	159	44	or	or	CCONJ
ftr-442	159	45	,	,	PUNCT
ftr-442	159	46	in	in	ADP
ftr-442	159	47	the	the	DET
ftr-442	159	48	case	case	NOUN
ftr-442	159	49	of	of	ADP
ftr-442	159	50	a	a	DET
ftr-442	159	51	capital	capital	NOUN
ftr-442	159	52	gains	gain	NOUN
ftr-442	159	53	allocation	allocation	NOUN
ftr-442	159	54	,	,	PUNCT
ftr-442	159	55	whether	whether	SCONJ
ftr-442	159	56	the	the	DET
ftr-442	159	57	allocated	allocate	VERB
ftr-442	159	58	item	item	NOUN
ftr-442	159	59	is	be	AUX
ftr-442	159	60	longor	longor	VERB
ftr-442	159	61	short	short	ADJ
ftr-442	159	62	-	-	PUNCT
ftr-442	159	63	term	term	NOUN
ftr-442	159	64	gain	gain	NOUN
ftr-442	159	65	.	.	PUNCT
ftr-442	160	1	under	under	ADP
ftr-442	160	2	the	the	DET
ftr-442	160	3	regulations	regulation	NOUN
ftr-442	160	4	,	,	PUNCT
ftr-442	160	5	capital	capital	NOUN
ftr-442	160	6	gains	gain	NOUN
ftr-442	160	7	can	can	AUX
ftr-442	160	8	validly	validly	ADV
ftr-442	160	9	be	be	AUX
ftr-442	160	10	allocated	allocate	VERB
ftr-442	160	11	to	to	ADP
ftr-442	160	12	one	one	NUM
ftr-442	160	13	partner	partner	NOUN
ftr-442	160	14	and	and	CCONJ
ftr-442	160	15	ordinary	ordinary	ADJ
ftr-442	160	16	income	income	NOUN
ftr-442	160	17	to	to	ADP
ftr-442	160	18	another	another	PRON
ftr-442	160	19	if	if	SCONJ
ftr-442	160	20	there	there	PRON
ftr-442	160	21	is	be	VERB
ftr-442	160	22	a	a	DET
ftr-442	160	23	strong	strong	ADJ
ftr-442	160	24	likelihood	likelihood	NOUN
ftr-442	160	25	that	that	SCONJ
ftr-442	160	26	the	the	DET
ftr-442	160	27	dollar	dollar	NOUN
ftr-442	160	28	amounts	amount	VERB
ftr-442	160	29	of	of	ADP
ftr-442	160	30	the	the	DET
ftr-442	160	31	partnership	partnership	NOUN
ftr-442	160	32	allocations	allocation	NOUN
ftr-442	160	33	will	will	AUX
ftr-442	160	34	be	be	AUX
ftr-442	160	35	affected	affect	VERB
ftr-442	160	36	by	by	ADP
ftr-442	160	37	the	the	DET
ftr-442	160	38	sorting	sort	VERB
ftr-442	160	39	method	method	NOUN
ftr-442	160	40	prescribed	prescribe	VERB
ftr-442	160	41	by	by	ADP
ftr-442	160	42	the	the	DET
ftr-442	160	43	partnership	partnership	NOUN
ftr-442	160	44	agreement	agreement	NOUN
ftr-442	160	45	,	,	PUNCT
ftr-442	160	46	even	even	ADV
ftr-442	160	47	if	if	SCONJ
ftr-442	160	48	the	the	DET
ftr-442	160	49	economic	economic	ADJ
ftr-442	160	50	effects	effect	NOUN
ftr-442	160	51	of	of	ADP
ftr-442	160	52	the	the	DET
ftr-442	160	53	allocation	allocation	NOUN
ftr-442	160	54	may	may	AUX
ftr-442	160	55	be	be	AUX
ftr-442	160	56	neutralized	neutralize	VERB
ftr-442	160	57	by	by	ADP
ftr-442	160	58	the	the	DET
ftr-442	160	59	tax	tax	NOUN
ftr-442	160	60	effects	effect	NOUN
ftr-442	160	61	of	of	ADP
ftr-442	160	62	the	the	DET
ftr-442	160	63	ordinary	ordinary	ADJ
ftr-442	160	64	income	income	NOUN
ftr-442	160	65	/	/	SYM
ftr-442	160	66	capital	capital	NOUN
ftr-442	160	67	gains	gain	NOUN
ftr-442	160	68	characterizations	characterization	NOUN
ftr-442	160	69	.	.	PUNCT
ftr-442	160	70	'	'	PUNCT
ftr-442	161	1	9	9	NUM
ftr-442	161	2	partnership	partnership	NOUN
ftr-442	161	3	allocations	allocation	NOUN
ftr-442	161	4	can	can	AUX
ftr-442	161	5	also	also	ADV
ftr-442	161	6	alter	alter	VERB
ftr-442	161	7	the	the	DET
ftr-442	161	8	timing	timing	NOUN
ftr-442	161	9	of	of	ADP
ftr-442	161	10	partners	partner	NOUN
ftr-442	161	11	'	'	PART
ftr-442	161	12	income	income	NOUN
ftr-442	161	13	in	in	ADP
ftr-442	161	14	ways	way	NOUN
ftr-442	161	15	not	not	PART
ftr-442	161	16	achievable	achievable	ADJ
ftr-442	161	17	in	in	ADP
ftr-442	161	18	other	other	ADJ
ftr-442	161	19	contexts	context	NOUN
ftr-442	161	20	and	and	CCONJ
ftr-442	161	21	sometimes	sometimes	ADV
ftr-442	161	22	in	in	ADP
ftr-442	161	23	ways	way	NOUN
ftr-442	161	24	that	that	PRON
ftr-442	161	25	contradict	contradict	VERB
ftr-442	161	26	the	the	DET
ftr-442	161	27	policies	policy	NOUN
ftr-442	161	28	that	that	PRON
ftr-442	161	29	apply	apply	VERB
ftr-442	161	30	in	in	ADP
ftr-442	161	31	other	other	ADJ
ftr-442	161	32	contexts	contexts	NOUN
ftr-442	161	33	.	.	PUNCT
ftr-442	162	1	this	this	DET
ftr-442	162	2	point	point	NOUN
ftr-442	162	3	is	be	AUX
ftr-442	162	4	developed	develop	VERB
ftr-442	162	5	in	in	ADP
ftr-442	162	6	several	several	ADJ
ftr-442	162	7	examples	example	NOUN
ftr-442	162	8	below	below	ADV
ftr-442	162	9	.	.	PUNCT
ftr-442	163	1	example	example	NOUN
ftr-442	163	2	2a	2a	NUM
ftr-442	163	3	.	.	PUNCT
ftr-442	164	1	x	x	PRON
ftr-442	164	2	purchases	purchase	VERB
ftr-442	164	3	for	for	ADP
ftr-442	164	4	$	$	SYM
ftr-442	164	5	685	685	NUM
ftr-442	164	6	the	the	DET
ftr-442	164	7	right	right	NOUN
ftr-442	164	8	to	to	ADP
ftr-442	164	9	all	all	DET
ftr-442	164	10	interest	interest	NOUN
ftr-442	164	11	on	on	ADP
ftr-442	164	12	a	a	DET
ftr-442	164	13	$	$	SYM
ftr-442	164	14	1,000	1,000	NUM
ftr-442	164	15	,	,	PUNCT
ftr-442	164	16	8	8	NUM
ftr-442	164	17	%	%	NOUN
ftr-442	164	18	15	15	NUM
ftr-442	164	19	-	-	PUNCT
ftr-442	164	20	year	year	NOUN
ftr-442	164	21	bond	bond	NOUN
ftr-442	164	22	,	,	PUNCT
ftr-442	164	23	and	and	CCONJ
ftr-442	164	24	y	y	PROPN
ftr-442	164	25	purchases	purchase	NOUN
ftr-442	164	26	for	for	ADP
ftr-442	164	27	$	$	SYM
ftr-442	164	28	315	315	NUM
ftr-442	164	29	the	the	DET
ftr-442	164	30	right	right	NOUN
ftr-442	164	31	to	to	ADP
ftr-442	164	32	the	the	DET
ftr-442	164	33	principal	principal	ADJ
ftr-442	164	34	payment	payment	NOUN
ftr-442	164	35	at	at	ADP
ftr-442	164	36	maturity	maturity	NOUN
ftr-442	164	37	.	.	PUNCT
ftr-442	165	1	under	under	ADP
ftr-442	165	2	section	section	NOUN
ftr-442	165	3	1286	1286	NUM
ftr-442	165	4	,	,	PUNCT
ftr-442	165	5	x	x	X
ftr-442	165	6	and	and	CCONJ
ftr-442	165	7	y	y	PROPN
ftr-442	165	8	must	must	AUX
ftr-442	165	9	each	each	PRON
ftr-442	165	10	accrue	accrue	VERB
ftr-442	165	11	interest	interest	NOUN
ftr-442	165	12	income	income	NOUN
ftr-442	165	13	annually	annually	ADV
ftr-442	165	14	at	at	ADP
ftr-442	165	15	8	8	NUM
ftr-442	165	16	%	%	NOUN
ftr-442	165	17	on	on	ADP
ftr-442	165	18	their	their	PRON
ftr-442	165	19	unrecovered	unrecovered	ADJ
ftr-442	165	20	investments	investment	NOUN
ftr-442	165	21	.	.	PUNCT
ftr-442	166	1	for	for	ADP
ftr-442	166	2	the	the	DET
ftr-442	166	3	first	first	ADJ
ftr-442	166	4	year	year	NOUN
ftr-442	166	5	,	,	PUNCT
ftr-442	166	6	the	the	DET
ftr-442	166	7	accruals	accrual	NOUN
ftr-442	166	8	are	be	AUX
ftr-442	166	9	$	$	SYM
ftr-442	166	10	55	55	NUM
ftr-442	166	11	for	for	ADP
ftr-442	166	12	x	x	PUNCT
ftr-442	166	13	and	and	CCONJ
ftr-442	166	14	$	$	SYM
ftr-442	166	15	25	25	NUM
ftr-442	166	16	for	for	ADP
ftr-442	166	17	y	y	PROPN
ftr-442	166	18	;	;	PUNCT
ftr-442	166	19	for	for	ADP
ftr-442	166	20	the	the	DET
ftr-442	166	21	second	second	ADJ
ftr-442	166	22	,	,	PUNCT
ftr-442	166	23	they	they	PRON
ftr-442	166	24	are	be	AUX
ftr-442	166	25	$	$	SYM
ftr-442	166	26	53	53	NUM
ftr-442	166	27	for	for	ADP
ftr-442	166	28	x	x	X
ftr-442	166	29	(	(	PUNCT
ftr-442	166	30	8	8	NUM
ftr-442	166	31	%	%	NOUN
ftr-442	166	32	of	of	ADP
ftr-442	166	33	excess	excess	NOUN
ftr-442	166	34	of	of	ADP
ftr-442	166	35	$	$	SYM
ftr-442	166	36	685	685	NUM
ftr-442	166	37	over	over	ADP
ftr-442	166	38	capital	capital	NOUN
ftr-442	166	39	recovery	recovery	NOUN
ftr-442	166	40	of	of	ADP
ftr-442	166	41	$	$	SYM
ftr-442	166	42	25	25	NUM
ftr-442	166	43	for	for	ADP
ftr-442	166	44	year	year	NOUN
ftr-442	166	45	1	1	NUM
ftr-442	166	46	)	)	PUNCT
ftr-442	166	47	and	and	CCONJ
ftr-442	166	48	$	$	SYM
ftr-442	166	49	27	27	NUM
ftr-442	166	50	for	for	ADP
ftr-442	166	51	y.	y.	PROPN
ftr-442	166	52	over	over	ADP
ftr-442	166	53	the	the	DET
ftr-442	166	54	bond	bond	NOUN
ftr-442	166	55	's	's	PART
ftr-442	166	56	15	15	NUM
ftr-442	166	57	-	-	PUNCT
ftr-442	166	58	year	year	NOUN
ftr-442	166	59	term	term	NOUN
ftr-442	166	60	,	,	PUNCT
ftr-442	166	61	x	x	PRON
ftr-442	166	62	has	have	VERB
ftr-442	166	63	interest	interest	NOUN
ftr-442	166	64	income	income	NOUN
ftr-442	166	65	of	of	ADP
ftr-442	166	66	$	$	SYM
ftr-442	166	67	515	515	NUM
ftr-442	166	68	,	,	PUNCT
ftr-442	166	69	and	and	CCONJ
ftr-442	166	70	y	y	PROPN
ftr-442	166	71	has	have	VERB
ftr-442	166	72	interest	interest	NOUN
ftr-442	166	73	income	income	NOUN
ftr-442	166	74	of	of	ADP
ftr-442	166	75	$	$	SYM
ftr-442	166	76	685	685	NUM
ftr-442	166	77	.	.	PUNCT
ftr-442	167	1	19	19	NUM
ftr-442	167	2	.	.	PUNCT
ftr-442	168	1	see	see	VERB
ftr-442	168	2	regs	reg	NOUN
ftr-442	168	3	.	.	PUNCT
ftr-442	169	1	§	§	PROPN
ftr-442	169	2	1.704	1.704	NUM
ftr-442	169	3	-	-	NUM
ftr-442	169	4	1(b)(5	1(b)(5	NUM
ftr-442	169	5	)	)	PUNCT
ftr-442	169	6	ex	ex	NOUN
ftr-442	169	7	.	.	NOUN
ftr-442	169	8	7(iii	7(iii	NUM
ftr-442	169	9	)	)	PUNCT
ftr-442	169	10	.	.	PUNCT
ftr-442	170	1	but	but	CCONJ
ftr-442	170	2	see	see	VERB
ftr-442	170	3	regs	reg	NOUN
ftr-442	170	4	.	.	PUNCT
ftr-442	171	1	§	§	PROPN
ftr-442	171	2	1.704	1.704	NUM
ftr-442	171	3	-	-	NUM
ftr-442	171	4	1(b)(2)(iii)(a	1(b)(2)(iii)(a	NUM
ftr-442	171	5	)	)	PUNCT
ftr-442	171	6	,	,	PUNCT
ftr-442	171	7	under	under	ADP
ftr-442	171	8	which	which	PRON
ftr-442	171	9	,	,	PUNCT
ftr-442	171	10	after	after	ADP
ftr-442	171	11	factoring	factor	VERB
ftr-442	171	12	in	in	ADP
ftr-442	171	13	the	the	DET
ftr-442	171	14	after	after	ADP
ftr-442	171	15	-	-	PUNCT
ftr-442	171	16	tax	tax	NOUN
ftr-442	171	17	consequences	consequence	NOUN
ftr-442	171	18	,	,	PUNCT
ftr-442	171	19	the	the	DET
ftr-442	171	20	allocation	allocation	NOUN
ftr-442	171	21	may	may	AUX
ftr-442	171	22	be	be	AUX
ftr-442	171	23	found	find	VERB
ftr-442	171	24	to	to	PART
ftr-442	171	25	be	be	AUX
ftr-442	171	26	not	not	PART
ftr-442	171	27	substantial	substantial	ADJ
ftr-442	171	28	.	.	PUNCT
ftr-442	172	1	1999	1999	NUM
ftr-442	172	2	]	]	PUNCT
ftr-442	172	3	florida	florida	PROPN
ftr-442	172	4	tax	tax	PROPN
ftr-442	172	5	review	review	PROPN
ftr-442	172	6	example	example	NOUN
ftr-442	172	7	2a	2a	NUM
ftr-442	172	8	x	x	PUNCT
ftr-442	172	9	and	and	CCONJ
ftr-442	172	10	y	y	PROPN
ftr-442	172	11	strip	strip	VERB
ftr-442	172	12	a	a	DET
ftr-442	172	13	$	$	SYM
ftr-442	172	14	1,000	1,000	NUM
ftr-442	172	15	,	,	PUNCT
ftr-442	172	16	8	8	NUM
ftr-442	172	17	%	%	NOUN
ftr-442	172	18	,	,	PUNCT
ftr-442	172	19	15	15	NUM
ftr-442	172	20	-	-	PUNCT
ftr-442	172	21	year	year	NOUN
ftr-442	172	22	bond	bond	NOUN
ftr-442	172	23	x	x	SYM
ftr-442	172	24	cash	cash	NOUN
ftr-442	172	25	flow	flow	NOUN
ftr-442	172	26	income	income	NOUN
ftr-442	172	27	$	$	SYM
ftr-442	172	28	80	80	NUM
ftr-442	172	29	$	$	SYM
ftr-442	172	30	55	55	NUM
ftr-442	172	31	80	80	NUM
ftr-442	172	32	53	53	NUM
ftr-442	172	33	80	80	NUM
ftr-442	172	34	51	51	NUM
ftr-442	172	35	80	80	NUM
ftr-442	172	36	48	48	NUM
ftr-442	172	37	80	80	NUM
ftr-442	172	38	45	45	NUM
ftr-442	172	39	80	80	NUM
ftr-442	172	40	43	43	NUM
ftr-442	172	41	80	80	NUM
ftr-442	172	42	40	40	NUM
ftr-442	172	43	80	80	NUM
ftr-442	172	44	37	37	NUM
ftr-442	172	45	80	80	NUM
ftr-442	172	46	33	33	NUM
ftr-442	172	47	80	80	NUM
ftr-442	172	48	30	30	NUM
ftr-442	172	49	80	80	NUM
ftr-442	172	50	26	26	NUM
ftr-442	172	51	80	80	NUM
ftr-442	172	52	21	21	NUM
ftr-442	172	53	80	80	NUM
ftr-442	172	54	16	16	NUM
ftr-442	172	55	80	80	NUM
ftr-442	172	56	11	11	NUM
ftr-442	172	57	80	80	NUM
ftr-442	172	58	6	6	NUM
ftr-442	172	59	y	y	PROPN
ftr-442	172	60	cash	cash	NOUN
ftr-442	172	61	flow	flow	NOUN
ftr-442	172	62	income	income	NOUN
ftr-442	172	63	-0$25	-0$25	NOUN
ftr-442	173	1	-027	-027	PROPN
ftr-442	174	1	-029	-029	PROPN
ftr-442	174	2	-032	-032	PROPN
ftr-442	174	3	-035	-035	PROPN
ftr-442	174	4	-037	-037	PROPN
ftr-442	174	5	-040	-040	PROPN
ftr-442	174	6	-043	-043	PROPN
ftr-442	174	7	-047	-047	PROPN
ftr-442	175	1	-050	-050	PROPN
ftr-442	175	2	-054	-054	INTJ
ftr-442	176	1	-059	-059	INTJ
ftr-442	176	2	-064	-064	NUM
ftr-442	176	3	-069	-069	PROPN
ftr-442	176	4	$	$	SYM
ftr-442	176	5	1,000	1,000	NUM
ftr-442	176	6	74	74	NUM
ftr-442	176	7	example	example	NOUN
ftr-442	176	8	2b	2b	NOUN
ftr-442	176	9	.	.	PUNCT
ftr-442	177	1	x	x	PUNCT
ftr-442	177	2	and	and	CCONJ
ftr-442	177	3	y	y	PROPN
ftr-442	177	4	instead	instead	ADV
ftr-442	177	5	form	form	VERB
ftr-442	177	6	a	a	DET
ftr-442	177	7	partnership	partnership	NOUN
ftr-442	177	8	to	to	PART
ftr-442	177	9	acquire	acquire	VERB
ftr-442	177	10	and	and	CCONJ
ftr-442	177	11	manage	manage	VERB
ftr-442	177	12	a	a	DET
ftr-442	177	13	portfolio	portfolio	NOUN
ftr-442	177	14	of	of	ADP
ftr-442	177	15	debt	debt	NOUN
ftr-442	177	16	instruments	instrument	NOUN
ftr-442	177	17	.	.	PUNCT
ftr-442	178	1	x	x	PUNCT
ftr-442	178	2	and	and	CCONJ
ftr-442	178	3	y	y	PROPN
ftr-442	178	4	contribute	contribute	VERB
ftr-442	178	5	$	$	SYM
ftr-442	178	6	685	685	NUM
ftr-442	178	7	and	and	CCONJ
ftr-442	178	8	$	$	SYM
ftr-442	178	9	315	315	NUM
ftr-442	178	10	,	,	PUNCT
ftr-442	178	11	respectively	respectively	ADV
ftr-442	178	12	,	,	PUNCT
ftr-442	178	13	to	to	ADP
ftr-442	178	14	the	the	DET
ftr-442	178	15	partnership	partnership	NOUN
ftr-442	178	16	.	.	PUNCT
ftr-442	179	1	partnership	partnership	NOUN
ftr-442	179	2	income	income	NOUN
ftr-442	179	3	(	(	PUNCT
ftr-442	179	4	expected	expect	VERB
ftr-442	179	5	to	to	PART
ftr-442	179	6	be	be	AUX
ftr-442	179	7	$	$	SYM
ftr-442	179	8	80	80	NUM
ftr-442	179	9	annually	annually	ADV
ftr-442	179	10	)	)	PUNCT
ftr-442	179	11	is	be	AUX
ftr-442	179	12	allocated	allocate	VERB
ftr-442	179	13	99	99	NUM
ftr-442	179	14	%	%	NOUN
ftr-442	179	15	to	to	ADP
ftr-442	179	16	x	x	PROPN
ftr-442	179	17	and	and	CCONJ
ftr-442	179	18	1	1	NUM
ftr-442	179	19	%	%	NOUN
ftr-442	179	20	to	to	ADP
ftr-442	179	21	y	y	PROPN
ftr-442	179	22	,	,	PUNCT
ftr-442	179	23	this	this	DET
ftr-442	179	24	income	income	NOUN
ftr-442	179	25	is	be	AUX
ftr-442	179	26	distributable	distributable	ADJ
ftr-442	179	27	annually	annually	ADV
ftr-442	179	28	in	in	ADP
ftr-442	179	29	the	the	DET
ftr-442	179	30	same	same	ADJ
ftr-442	179	31	proportions	proportion	NOUN
ftr-442	179	32	,	,	PUNCT
ftr-442	179	33	and	and	CCONJ
ftr-442	179	34	on	on	ADP
ftr-442	179	35	liquidation	liquidation	NOUN
ftr-442	179	36	,	,	PUNCT
ftr-442	179	37	which	which	PRON
ftr-442	179	38	the	the	DET
ftr-442	179	39	partnership	partnership	NOUN
ftr-442	179	40	agreement	agreement	NOUN
ftr-442	179	41	requires	require	VERB
ftr-442	179	42	to	to	PART
ftr-442	179	43	occur	occur	VERB
ftr-442	179	44	15	15	NUM
ftr-442	179	45	years	year	NOUN
ftr-442	179	46	after	after	SCONJ
ftr-442	179	47	the	the	DET
ftr-442	179	48	partnership	partnership	NOUN
ftr-442	179	49	is	be	AUX
ftr-442	179	50	organized	organize	VERB
ftr-442	179	51	,	,	PUNCT
ftr-442	179	52	partnership	partnership	NOUN
ftr-442	179	53	assets	asset	NOUN
ftr-442	179	54	(	(	PUNCT
ftr-442	179	55	expected	expect	VERB
ftr-442	179	56	to	to	PART
ftr-442	179	57	be	be	AUX
ftr-442	179	58	worth	worth	ADJ
ftr-442	179	59	$	$	SYM
ftr-442	179	60	1,000	1,000	NUM
ftr-442	179	61	)	)	PUNCT
ftr-442	179	62	are	be	AUX
ftr-442	179	63	distributable	distributable	ADJ
ftr-442	179	64	1	1	NUM
ftr-442	179	65	%	%	NOUN
ftr-442	179	66	to	to	PART
ftr-442	179	67	x	x	PROPN
ftr-442	179	68	and	and	CCONJ
ftr-442	179	69	99	99	NUM
ftr-442	179	70	%	%	NOUN
ftr-442	179	71	to	to	ADP
ftr-442	179	72	y.	y.	PROPN
ftr-442	179	73	year	year	NOUN
ftr-442	179	74	1	1	NUM
ftr-442	179	75	2	2	NUM
ftr-442	179	76	3	3	NUM
ftr-442	179	77	4	4	NUM
ftr-442	179	78	5	5	NUM
ftr-442	179	79	6	6	NUM
ftr-442	179	80	7	7	NUM
ftr-442	179	81	8	8	NUM
ftr-442	179	82	9	9	NUM
ftr-442	179	83	10	10	NUM
ftr-442	179	84	11	11	NUM
ftr-442	179	85	12	12	NUM
ftr-442	179	86	13	13	NUM
ftr-442	179	87	14	14	NUM
ftr-442	179	88	15	15	NUM
ftr-442	180	1	[	[	X
ftr-442	180	2	vol	vol	NOUN
ftr-442	180	3	4:3	4:3	NUM
ftr-442	180	4	taxation	taxation	NOUN
ftr-442	180	5	of	of	ADP
ftr-442	180	6	private	private	ADJ
ftr-442	180	7	business	business	NOUN
ftr-442	180	8	firms	firm	NOUN
ftr-442	180	9	example	example	VERB
ftr-442	180	10	2b	2b	NUM
ftr-442	180	11	xy	xy	PROPN
ftr-442	180	12	investment	investment	NOUN
ftr-442	180	13	partnership	partnership	NOUN
ftr-442	180	14	x	x	PUNCT
ftr-442	180	15	distribution	distribution	NOUN
ftr-442	180	16	income	income	NOUN
ftr-442	180	17	$	$	SYM
ftr-442	180	18	79.2	79.2	NUM
ftr-442	180	19	$	$	SYM
ftr-442	180	20	79.2	79.2	NUM
ftr-442	180	21	79.2	79.2	NUM
ftr-442	180	22	79.2	79.2	NUM
ftr-442	180	23	79.2	79.2	NUM
ftr-442	180	24	79.2	79.2	NUM
ftr-442	180	25	79.2	79.2	NUM
ftr-442	180	26	79.2	79.2	NUM
ftr-442	180	27	79.2	79.2	NUM
ftr-442	180	28	79.2	79.2	NUM
ftr-442	180	29	79.2	79.2	NUM
ftr-442	180	30	79.2	79.2	NUM
ftr-442	180	31	79.2	79.2	NUM
ftr-442	180	32	79.2	79.2	NUM
ftr-442	180	33	79.2	79.2	NUM
ftr-442	180	34	79.2	79.2	NUM
ftr-442	180	35	79.2	79.2	NUM
ftr-442	180	36	79.2	79.2	NUM
ftr-442	180	37	79.2	79.2	NUM
ftr-442	180	38	79.2	79.2	NUM
ftr-442	180	39	79.2	79.2	NUM
ftr-442	180	40	79.2	79.2	NUM
ftr-442	180	41	79.2	79.2	NUM
ftr-442	180	42	79.2	79.2	NUM
ftr-442	180	43	79.2	79.2	NUM
ftr-442	180	44	79.2	79.2	NUM
ftr-442	180	45	79.2	79.2	NUM
ftr-442	180	46	79.2	79.2	NUM
ftr-442	180	47	79.2	79.2	NUM
ftr-442	180	48	79.2	79.2	NUM
ftr-442	180	49	10	10	NUM
ftr-442	180	50	(	(	PUNCT
ftr-442	180	51	$	$	SYM
ftr-442	180	52	675	675	NUM
ftr-442	180	53	)	)	PUNCT
ftr-442	180	54	y	y	NOUN
ftr-442	180	55	distribution	distribution	NOUN
ftr-442	180	56	income	income	NOUN
ftr-442	180	57	$	$	SYM
ftr-442	180	58	0.8	0.8	NUM
ftr-442	180	59	$	$	SYM
ftr-442	180	60	0.8	0.8	NUM
ftr-442	180	61	0.8	0.8	NUM
ftr-442	180	62	0.8	0.8	NUM
ftr-442	180	63	0.8	0.8	NUM
ftr-442	180	64	0.8	0.8	NUM
ftr-442	180	65	0.8	0.8	NUM
ftr-442	180	66	0.8	0.8	NUM
ftr-442	180	67	0.8	0.8	NUM
ftr-442	180	68	0.8	0.8	NUM
ftr-442	180	69	0.8	0.8	NUM
ftr-442	180	70	0.8	0.8	NUM
ftr-442	180	71	0.8	0.8	NUM
ftr-442	180	72	0.8	0.8	NUM
ftr-442	180	73	0.8	0.8	NUM
ftr-442	180	74	0.8	0.8	NUM
ftr-442	180	75	0.8	0.8	NUM
ftr-442	180	76	0.8	0.8	NUM
ftr-442	180	77	0.8	0.8	NUM
ftr-442	180	78	0.8	0.8	NUM
ftr-442	180	79	0.8	0.8	NUM
ftr-442	180	80	0.8	0.8	NUM
ftr-442	180	81	0.8	0.8	NUM
ftr-442	180	82	0.8	0.8	NUM
ftr-442	180	83	0.8	0.8	NUM
ftr-442	180	84	0.8	0.8	NUM
ftr-442	180	85	0.8	0.8	NUM
ftr-442	180	86	0.8	0.8	NUM
ftr-442	180	87	0.8	0.8	NUM
ftr-442	180	88	0.8	0.8	NUM
ftr-442	180	89	$	$	SYM
ftr-442	180	90	990	990	NUM
ftr-442	180	91	$	$	SYM
ftr-442	180	92	675	675	NUM
ftr-442	180	93	the	the	DET
ftr-442	180	94	allocation	allocation	NOUN
ftr-442	180	95	agreement	agreement	NOUN
ftr-442	180	96	,	,	PUNCT
ftr-442	180	97	by	by	ADP
ftr-442	180	98	assigning	assign	VERB
ftr-442	180	99	almost	almost	ADV
ftr-442	180	100	all	all	PRON
ftr-442	180	101	of	of	ADP
ftr-442	180	102	the	the	DET
ftr-442	180	103	interest	interest	NOUN
ftr-442	180	104	income	income	NOUN
ftr-442	180	105	to	to	ADP
ftr-442	180	106	x	x	PRON
ftr-442	180	107	,	,	PUNCT
ftr-442	180	108	contradicts	contradict	VERB
ftr-442	180	109	the	the	DET
ftr-442	180	110	principle	principle	NOUN
ftr-442	180	111	of	of	ADP
ftr-442	180	112	section	section	NOUN
ftr-442	180	113	1286	1286	NUM
ftr-442	180	114	-	-	PUNCT
ftr-442	180	115	that	that	SCONJ
ftr-442	180	116	interest	interest	NOUN
ftr-442	180	117	income	income	NOUN
ftr-442	180	118	should	should	AUX
ftr-442	180	119	accrue	accrue	VERB
ftr-442	180	120	at	at	ADP
ftr-442	180	121	a	a	DET
ftr-442	180	122	constant	constant	ADJ
ftr-442	180	123	rate	rate	NOUN
ftr-442	180	124	to	to	ADP
ftr-442	180	125	all	all	DET
ftr-442	180	126	persons	person	NOUN
ftr-442	180	127	owning	own	VERB
ftr-442	180	128	segments	segment	NOUN
ftr-442	180	129	of	of	ADP
ftr-442	180	130	a	a	DET
ftr-442	180	131	stream	stream	NOUN
ftr-442	180	132	of	of	ADP
ftr-442	180	133	payments	payment	NOUN
ftr-442	180	134	represented	represent	VERB
ftr-442	180	135	by	by	ADP
ftr-442	180	136	a	a	DET
ftr-442	180	137	debt	debt	NOUN
ftr-442	180	138	instrument	instrument	NOUN
ftr-442	180	139	.	.	PUNCT
ftr-442	181	1	the	the	DET
ftr-442	181	2	income	income	NOUN
ftr-442	181	3	allocations	allocation	NOUN
ftr-442	181	4	are	be	AUX
ftr-442	181	5	also	also	ADV
ftr-442	181	6	not	not	PART
ftr-442	181	7	permissible	permissible	ADJ
ftr-442	181	8	under	under	ADP
ftr-442	181	9	section	section	NOUN
ftr-442	181	10	704(b	704(b	PROPN
ftr-442	181	11	)	)	PUNCT
ftr-442	181	12	.	.	PUNCT
ftr-442	182	1	allocations	allocation	NOUN
ftr-442	182	2	have	have	VERB
ftr-442	182	3	substantial	substantial	ADJ
ftr-442	182	4	economic	economic	ADJ
ftr-442	182	5	effect	effect	NOUN
ftr-442	182	6	only	only	ADV
ftr-442	182	7	if	if	SCONJ
ftr-442	182	8	they	they	PRON
ftr-442	182	9	are	be	AUX
ftr-442	182	10	reflected	reflect	VERB
ftr-442	182	11	in	in	ADP
ftr-442	182	12	capital	capital	NOUN
ftr-442	182	13	accounts	account	NOUN
ftr-442	182	14	and	and	CCONJ
ftr-442	182	15	,	,	PUNCT
ftr-442	182	16	among	among	ADP
ftr-442	182	17	other	other	ADJ
ftr-442	182	18	things	thing	NOUN
ftr-442	182	19	,	,	PUNCT
ftr-442	182	20	each	each	DET
ftr-442	182	21	partner	partner	NOUN
ftr-442	182	22	is	be	AUX
ftr-442	182	23	entitled	entitle	VERB
ftr-442	182	24	to	to	ADP
ftr-442	182	25	distribution	distribution	NOUN
ftr-442	182	26	of	of	ADP
ftr-442	182	27	the	the	DET
ftr-442	182	28	balance	balance	NOUN
ftr-442	182	29	of	of	ADP
ftr-442	182	30	the	the	DET
ftr-442	182	31	partner	partner	NOUN
ftr-442	182	32	's	's	PART
ftr-442	182	33	capital	capital	NOUN
ftr-442	182	34	account.2	account.2	NOUN
ftr-442	182	35	'	'	PUNCT
ftr-442	182	36	since	since	SCONJ
ftr-442	182	37	x	x	PROPN
ftr-442	182	38	and	and	CCONJ
ftr-442	182	39	y	y	PROPN
ftr-442	182	40	receive	receive	VERB
ftr-442	182	41	income	income	NOUN
ftr-442	182	42	allocations	allocation	NOUN
ftr-442	182	43	equal	equal	ADJ
ftr-442	182	44	to	to	ADP
ftr-442	182	45	the	the	DET
ftr-442	182	46	distributions	distribution	NOUN
ftr-442	182	47	to	to	ADP
ftr-442	182	48	them	they	PRON
ftr-442	182	49	,	,	PUNCT
ftr-442	182	50	their	their	PRON
ftr-442	182	51	capital	capital	NOUN
ftr-442	182	52	accounts	account	NOUN
ftr-442	182	53	remain	remain	VERB
ftr-442	182	54	unchanged	unchanged	ADJ
ftr-442	182	55	at	at	ADP
ftr-442	182	56	$	$	SYM
ftr-442	182	57	685	685	NUM
ftr-442	182	58	and	and	CCONJ
ftr-442	182	59	$	$	SYM
ftr-442	182	60	315	315	NUM
ftr-442	182	61	throughout	throughout	ADP
ftr-442	182	62	the	the	DET
ftr-442	182	63	partnership	partnership	NOUN
ftr-442	182	64	's	's	PART
ftr-442	182	65	existence	existence	NOUN
ftr-442	182	66	,	,	PUNCT
ftr-442	182	67	and	and	CCONJ
ftr-442	182	68	the	the	DET
ftr-442	182	69	distribution	distribution	NOUN
ftr-442	182	70	on	on	ADP
ftr-442	182	71	liquidation	liquidation	NOUN
ftr-442	182	72	can	can	AUX
ftr-442	182	73	be	be	AUX
ftr-442	182	74	made	make	VERB
ftr-442	182	75	in	in	ADP
ftr-442	182	76	accordance	accordance	NOUN
ftr-442	182	77	with	with	ADP
ftr-442	182	78	the	the	DET
ftr-442	182	79	agreement	agreement	NOUN
ftr-442	182	80	(	(	PUNCT
ftr-442	182	81	$	$	SYM
ftr-442	182	82	10	10	NUM
ftr-442	182	83	to	to	PART
ftr-442	182	84	x	x	PUNCT
ftr-442	182	85	and	and	CCONJ
ftr-442	182	86	$	$	SYM
ftr-442	182	87	990	990	NUM
ftr-442	182	88	to	to	PART
ftr-442	182	89	1	1	NUM
ftr-442	182	90	)	)	PUNCT
ftr-442	182	91	only	only	ADV
ftr-442	182	92	by	by	ADP
ftr-442	182	93	ignoring	ignore	VERB
ftr-442	182	94	the	the	DET
ftr-442	182	95	capital	capital	NOUN
ftr-442	182	96	accounts	account	NOUN
ftr-442	182	97	.	.	PUNCT
ftr-442	183	1	instead	instead	ADV
ftr-442	183	2	of	of	ADP
ftr-442	183	3	the	the	DET
ftr-442	183	4	allocations	allocation	NOUN
ftr-442	183	5	prescribed	prescribe	VERB
ftr-442	183	6	in	in	ADP
ftr-442	183	7	the	the	DET
ftr-442	183	8	partnership	partnership	NOUN
ftr-442	183	9	agreement	agreement	NOUN
ftr-442	183	10	,	,	PUNCT
ftr-442	183	11	the	the	DET
ftr-442	183	12	xy	xy	PROPN
ftr-442	183	13	partnership	partnership	NOUN
ftr-442	183	14	's	's	PART
ftr-442	183	15	income	income	NOUN
ftr-442	183	16	must	must	AUX
ftr-442	183	17	be	be	AUX
ftr-442	183	18	allocated	allocate	VERB
ftr-442	183	19	according	accord	VERB
ftr-442	183	20	to	to	ADP
ftr-442	183	21	the	the	DET
ftr-442	183	22	underlying	underlie	VERB
ftr-442	183	23	economic	economic	ADJ
ftr-442	183	24	arrangement	arrangement	NOUN
ftr-442	183	25	between	between	ADP
ftr-442	183	26	the	the	DET
ftr-442	183	27	partners	partner	NOUN
ftr-442	183	28	with	with	ADP
ftr-442	183	29	reference	reference	NOUN
ftr-442	183	30	to	to	ADP
ftr-442	183	31	the	the	DET
ftr-442	183	32	partnership	partnership	NOUN
ftr-442	183	33	's	's	PART
ftr-442	183	34	income	income	NOUN
ftr-442	183	35	items	item	NOUN
ftr-442	183	36	.	.	PUNCT
ftr-442	183	37	"	"	PUNCT
ftr-442	184	1	example	example	NOUN
ftr-442	184	2	2b	2b	NOUN
ftr-442	184	3	illustrates	illustrate	VERB
ftr-442	184	4	how	how	SCONJ
ftr-442	184	5	the	the	DET
ftr-442	184	6	substantial	substantial	ADJ
ftr-442	184	7	economic	economic	ADJ
ftr-442	184	8	effect	effect	NOUN
ftr-442	184	9	test	test	NOUN
ftr-442	184	10	,	,	PUNCT
ftr-442	184	11	by	by	ADP
ftr-442	184	12	requiring	require	VERB
ftr-442	184	13	that	that	SCONJ
ftr-442	184	14	allocations	allocation	NOUN
ftr-442	184	15	be	be	AUX
ftr-442	184	16	reflected	reflect	VERB
ftr-442	184	17	in	in	ADP
ftr-442	184	18	capital	capital	NOUN
ftr-442	184	19	accounts	account	NOUN
ftr-442	184	20	and	and	CCONJ
ftr-442	184	21	that	that	SCONJ
ftr-442	184	22	the	the	DET
ftr-442	184	23	capital	capital	NOUN
ftr-442	184	24	20	20	NUM
ftr-442	184	25	.	.	PUNCT
ftr-442	184	26	see	see	VERB
ftr-442	184	27	regs	reg	NOUN
ftr-442	184	28	.	.	PUNCT
ftr-442	185	1	§	§	PROPN
ftr-442	185	2	§	§	PROPN
ftr-442	185	3	1.704	1.704	NUM
ftr-442	185	4	-	-	NUM
ftr-442	185	5	1(b)(2)(ii)(b	1(b)(2)(ii)(b	NUM
ftr-442	185	6	)	)	PUNCT
ftr-442	185	7	,	,	PUNCT
ftr-442	185	8	(	(	PUNCT
ftr-442	185	9	iv	iv	X
ftr-442	185	10	)	)	PUNCT
ftr-442	185	11	.	.	PUNCT
ftr-442	186	1	21	21	NUM
ftr-442	186	2	.	.	PUNCT
ftr-442	187	1	see	see	VERB
ftr-442	187	2	regs	reg	NOUN
ftr-442	187	3	.	.	PUNCT
ftr-442	188	1	§	§	PROPN
ftr-442	188	2	1.704	1.704	NUM
ftr-442	188	3	-	-	NUM
ftr-442	188	4	1(b)(3)(i	1(b)(3)(i	NUM
ftr-442	188	5	)	)	PUNCT
ftr-442	188	6	.	.	PUNCT
ftr-442	189	1	year	year	NOUN
ftr-442	189	2	1	1	NUM
ftr-442	189	3	2	2	NUM
ftr-442	189	4	3	3	NUM
ftr-442	189	5	4	4	NUM
ftr-442	189	6	5	5	NUM
ftr-442	189	7	6	6	NUM
ftr-442	189	8	7	7	NUM
ftr-442	189	9	8	8	NUM
ftr-442	189	10	9	9	NUM
ftr-442	189	11	10	10	NUM
ftr-442	189	12	11	11	NUM
ftr-442	189	13	12	12	NUM
ftr-442	189	14	13	13	NUM
ftr-442	189	15	14	14	NUM
ftr-442	189	16	15	15	NUM
ftr-442	189	17	liquidation	liquidation	NOUN
ftr-442	189	18	19991	19991	NUM
ftr-442	189	19	florida	florida	PROPN
ftr-442	189	20	tax	tax	NOUN
ftr-442	189	21	review	review	NOUN
ftr-442	189	22	accounts	account	NOUN
ftr-442	189	23	determine	determine	VERB
ftr-442	189	24	the	the	DET
ftr-442	189	25	partners	partner	NOUN
ftr-442	189	26	'	'	PART
ftr-442	189	27	financial	financial	ADJ
ftr-442	189	28	entitlements	entitlement	NOUN
ftr-442	189	29	,	,	PUNCT
ftr-442	189	30	imposes	impose	VERB
ftr-442	189	31	significant	significant	ADJ
ftr-442	189	32	restraint	restraint	NOUN
ftr-442	189	33	on	on	ADP
ftr-442	189	34	the	the	DET
ftr-442	189	35	extent	extent	NOUN
ftr-442	189	36	to	to	PART
ftr-442	189	37	which	which	PRON
ftr-442	189	38	partnership	partnership	NOUN
ftr-442	189	39	allocations	allocation	NOUN
ftr-442	189	40	can	can	AUX
ftr-442	189	41	be	be	AUX
ftr-442	189	42	used	use	VERB
ftr-442	189	43	to	to	PART
ftr-442	189	44	upset	upset	VERB
ftr-442	189	45	timing	timing	NOUN
ftr-442	189	46	requirements	requirement	NOUN
ftr-442	189	47	that	that	PRON
ftr-442	189	48	apply	apply	VERB
ftr-442	189	49	to	to	ADP
ftr-442	189	50	other	other	ADJ
ftr-442	189	51	investment	investment	NOUN
ftr-442	189	52	structures	structure	NOUN
ftr-442	189	53	.	.	PUNCT
ftr-442	190	1	however	however	ADV
ftr-442	190	2	,	,	PUNCT
ftr-442	190	3	as	as	SCONJ
ftr-442	190	4	shown	show	VERB
ftr-442	190	5	by	by	ADP
ftr-442	190	6	subsequent	subsequent	ADJ
ftr-442	190	7	examples	example	NOUN
ftr-442	190	8	,	,	PUNCT
ftr-442	190	9	the	the	DET
ftr-442	190	10	capital	capital	NOUN
ftr-442	190	11	account	account	NOUN
ftr-442	190	12	rules	rule	NOUN
ftr-442	190	13	do	do	AUX
ftr-442	190	14	allow	allow	VERB
ftr-442	190	15	significant	significant	ADJ
ftr-442	190	16	departures	departure	NOUN
ftr-442	190	17	from	from	ADP
ftr-442	190	18	those	those	DET
ftr-442	190	19	timing	timing	NOUN
ftr-442	190	20	requirements	requirement	NOUN
ftr-442	190	21	.	.	PUNCT
ftr-442	191	1	example	example	NOUN
ftr-442	191	2	2c	2c	NUM
ftr-442	191	3	.	.	PUNCT
ftr-442	192	1	the	the	DET
ftr-442	192	2	xy	xy	PROPN
ftr-442	192	3	partnership	partnership	NOUN
ftr-442	192	4	agreement	agreement	NOUN
ftr-442	192	5	instead	instead	ADV
ftr-442	192	6	requires	require	VERB
ftr-442	192	7	partnership	partnership	NOUN
ftr-442	192	8	taxable	taxable	ADJ
ftr-442	192	9	income	income	NOUN
ftr-442	192	10	for	for	ADP
ftr-442	192	11	each	each	DET
ftr-442	192	12	year	year	NOUN
ftr-442	192	13	to	to	PART
ftr-442	192	14	be	be	AUX
ftr-442	192	15	allocated	allocate	VERB
ftr-442	192	16	in	in	ADP
ftr-442	192	17	proportion	proportion	NOUN
ftr-442	192	18	to	to	ADP
ftr-442	192	19	the	the	DET
ftr-442	192	20	partners	partner	NOUN
ftr-442	192	21	'	'	PART
ftr-442	192	22	capital	capital	NOUN
ftr-442	192	23	accounts	account	NOUN
ftr-442	192	24	at	at	ADP
ftr-442	192	25	the	the	DET
ftr-442	192	26	beginning	beginning	NOUN
ftr-442	192	27	of	of	ADP
ftr-442	192	28	the	the	DET
ftr-442	192	29	year	year	NOUN
ftr-442	192	30	.	.	PUNCT
ftr-442	193	1	the	the	DET
ftr-442	193	2	income	income	NOUN
ftr-442	193	3	is	be	AUX
ftr-442	193	4	distributable	distributable	ADJ
ftr-442	193	5	annually	annually	ADV
ftr-442	193	6	99	99	NUM
ftr-442	193	7	%	%	NOUN
ftr-442	193	8	to	to	ADP
ftr-442	193	9	x	x	PROPN
ftr-442	193	10	and	and	CCONJ
ftr-442	193	11	1	1	NUM
ftr-442	193	12	%	%	NOUN
ftr-442	193	13	to	to	ADP
ftr-442	193	14	y	y	PROPN
ftr-442	193	15	,	,	PUNCT
ftr-442	193	16	as	as	ADP
ftr-442	193	17	in	in	ADP
ftr-442	193	18	example	example	NOUN
ftr-442	193	19	2b	2b	NOUN
ftr-442	193	20	,	,	PUNCT
ftr-442	193	21	but	but	CCONJ
ftr-442	193	22	the	the	DET
ftr-442	193	23	liquidating	liquidating	NOUN
ftr-442	193	24	distribution	distribution	NOUN
ftr-442	193	25	is	be	AUX
ftr-442	193	26	in	in	ADP
ftr-442	193	27	proportion	proportion	NOUN
ftr-442	193	28	to	to	ADP
ftr-442	193	29	the	the	DET
ftr-442	193	30	partners	partner	NOUN
ftr-442	193	31	'	'	PART
ftr-442	193	32	capital	capital	NOUN
ftr-442	193	33	accounts	account	NOUN
ftr-442	193	34	.	.	PUNCT
ftr-442	194	1	since	since	SCONJ
ftr-442	194	2	the	the	DET
ftr-442	194	3	results	result	NOUN
ftr-442	194	4	are	be	AUX
ftr-442	194	5	fully	fully	ADV
ftr-442	194	6	consistent	consistent	ADJ
ftr-442	194	7	with	with	ADP
ftr-442	194	8	those	those	PRON
ftr-442	194	9	prescribed	prescribe	VERB
ftr-442	194	10	by	by	ADP
ftr-442	194	11	section	section	NOUN
ftr-442	194	12	1286	1286	NUM
ftr-442	194	13	for	for	ADP
ftr-442	194	14	example	example	NOUN
ftr-442	194	15	2a	2a	NUM
ftr-442	194	16	,	,	PUNCT
ftr-442	194	17	it	it	PRON
ftr-442	194	18	is	be	AUX
ftr-442	194	19	appropriate	appropriate	ADJ
ftr-442	194	20	that	that	SCONJ
ftr-442	194	21	the	the	DET
ftr-442	194	22	allocations	allocation	NOUN
ftr-442	194	23	be	be	AUX
ftr-442	194	24	considered	consider	VERB
ftr-442	194	25	to	to	PART
ftr-442	194	26	have	have	VERB
ftr-442	194	27	substantial	substantial	ADJ
ftr-442	194	28	economic	economic	ADJ
ftr-442	194	29	effect	effect	NOUN
ftr-442	194	30	.	.	PUNCT
ftr-442	195	1	example	example	NOUN
ftr-442	195	2	2c	2c	NUM
ftr-442	195	3	xy	xy	PROPN
ftr-442	195	4	investment	investment	NOUN
ftr-442	195	5	partnership	partnership	NOUN
ftr-442	195	6	year	year	NOUN
ftr-442	196	1	1	1	NUM
ftr-442	196	2	2	2	NUM
ftr-442	196	3	3	3	NUM
ftr-442	196	4	4	4	NUM
ftr-442	196	5	5	5	NUM
ftr-442	196	6	6	6	NUM
ftr-442	196	7	7	7	NUM
ftr-442	196	8	8	8	NUM
ftr-442	196	9	9	9	NUM
ftr-442	196	10	10	10	NUM
ftr-442	196	11	11	11	NUM
ftr-442	196	12	12	12	NUM
ftr-442	196	13	13	13	NUM
ftr-442	196	14	14	14	NUM
ftr-442	196	15	15	15	NUM
ftr-442	196	16	liquidation	liquidation	NOUN
ftr-442	196	17	x	x	PUNCT
ftr-442	196	18	distribution	distribution	NOUN
ftr-442	196	19	income	income	NOUN
ftr-442	196	20	$	$	SYM
ftr-442	196	21	79.2	79.2	NUM
ftr-442	196	22	$	$	SYM
ftr-442	196	23	55	55	NUM
ftr-442	196	24	79.2	79.2	NUM
ftr-442	196	25	53	53	NUM
ftr-442	196	26	79.2	79.2	NUM
ftr-442	196	27	51	51	NUM
ftr-442	196	28	79.2	79.2	NUM
ftr-442	196	29	48	48	NUM
ftr-442	196	30	79.2	79.2	NUM
ftr-442	196	31	45	45	NUM
ftr-442	196	32	79.2	79.2	NUM
ftr-442	196	33	43	43	NUM
ftr-442	196	34	79.2	79.2	NUM
ftr-442	196	35	40	40	NUM
ftr-442	196	36	79.2	79.2	NUM
ftr-442	196	37	37	37	NUM
ftr-442	196	38	79.2	79.2	NUM
ftr-442	196	39	33	33	NUM
ftr-442	196	40	79.2	79.2	NUM
ftr-442	196	41	30	30	NUM
ftr-442	196	42	79.2	79.2	NUM
ftr-442	196	43	26	26	NUM
ftr-442	196	44	79.2	79.2	NUM
ftr-442	196	45	21	21	NUM
ftr-442	196	46	79.2	79.2	NUM
ftr-442	196	47	16	16	NUM
ftr-442	196	48	79.2	79.2	NUM
ftr-442	196	49	11	11	NUM
ftr-442	196	50	79.2	79.2	NUM
ftr-442	196	51	6	6	NUM
ftr-442	196	52	10	10	NUM
ftr-442	196	53	-0y	-0y	NOUN
ftr-442	196	54	distribution	distribution	NOUN
ftr-442	196	55	income	income	NOUN
ftr-442	196	56	$	$	SYM
ftr-442	196	57	0.8	0.8	NUM
ftr-442	196	58	$	$	SYM
ftr-442	196	59	25	25	NUM
ftr-442	196	60	0.8	0.8	NUM
ftr-442	196	61	27	27	NUM
ftr-442	196	62	0.8	0.8	NUM
ftr-442	196	63	29	29	NUM
ftr-442	196	64	0.8	0.8	NUM
ftr-442	196	65	32	32	NUM
ftr-442	196	66	0.8	0.8	NUM
ftr-442	196	67	35	35	NUM
ftr-442	196	68	0.8	0.8	NUM
ftr-442	196	69	37	37	NUM
ftr-442	196	70	0.8	0.8	NUM
ftr-442	196	71	40	40	NUM
ftr-442	196	72	0.8	0.8	NUM
ftr-442	196	73	43	43	NUM
ftr-442	196	74	0.8	0.8	NUM
ftr-442	196	75	47	47	NUM
ftr-442	196	76	0.8	0.8	NUM
ftr-442	196	77	50	50	NUM
ftr-442	196	78	0.8	0.8	NUM
ftr-442	196	79	54	54	NUM
ftr-442	196	80	0.8	0.8	NUM
ftr-442	196	81	59	59	NUM
ftr-442	196	82	0.8	0.8	NUM
ftr-442	196	83	64	64	NUM
ftr-442	196	84	0.8	0.8	NUM
ftr-442	196	85	69	69	NUM
ftr-442	196	86	0.8	0.8	NUM
ftr-442	196	87	74	74	NUM
ftr-442	196	88	$	$	SYM
ftr-442	196	89	990	990	NUM
ftr-442	196	90	-0example	-0example	NOUN
ftr-442	196	91	2d	2d	NOUN
ftr-442	196	92	.	.	PUNCT
ftr-442	197	1	under	under	ADP
ftr-442	197	2	the	the	DET
ftr-442	197	3	xy	xy	PROPN
ftr-442	197	4	agreement	agreement	NOUN
ftr-442	197	5	,	,	PUNCT
ftr-442	197	6	(	(	PUNCT
ftr-442	197	7	1	1	X
ftr-442	197	8	)	)	PUNCT
ftr-442	197	9	partnership	partnership	NOUN
ftr-442	197	10	taxable	taxable	ADJ
ftr-442	197	11	income	income	NOUN
ftr-442	197	12	is	be	AUX
ftr-442	197	13	allocated	allocate	VERB
ftr-442	197	14	80	80	NUM
ftr-442	197	15	%	%	NOUN
ftr-442	197	16	to	to	ADP
ftr-442	197	17	x	x	PROPN
ftr-442	197	18	and	and	CCONJ
ftr-442	197	19	20	20	NUM
ftr-442	197	20	%	%	NOUN
ftr-442	197	21	to	to	ADP
ftr-442	197	22	y	y	PROPN
ftr-442	197	23	for	for	ADP
ftr-442	197	24	the	the	DET
ftr-442	197	25	first	first	ADJ
ftr-442	197	26	seven	seven	NUM
ftr-442	197	27	years	year	NOUN
ftr-442	197	28	of	of	ADP
ftr-442	197	29	the	the	DET
ftr-442	197	30	partnership	partnership	NOUN
ftr-442	197	31	's	's	PART
ftr-442	197	32	15	15	NUM
ftr-442	197	33	-	-	PUNCT
ftr-442	197	34	year	year	NOUN
ftr-442	197	35	term	term	NOUN
ftr-442	197	36	and	and	CCONJ
ftr-442	197	37	solely	solely	ADV
ftr-442	197	38	to	to	ADP
ftr-442	197	39	y	y	PROPN
ftr-442	197	40	during	during	ADP
ftr-442	197	41	the	the	DET
ftr-442	197	42	last	last	ADJ
ftr-442	197	43	eight	eight	NUM
ftr-442	197	44	years	year	NOUN
ftr-442	197	45	,	,	PUNCT
ftr-442	197	46	(	(	PUNCT
ftr-442	197	47	2	2	X
ftr-442	197	48	)	)	PUNCT
ftr-442	197	49	annual	annual	ADJ
ftr-442	197	50	net	net	ADJ
ftr-442	197	51	income	income	NOUN
ftr-442	197	52	is	be	AUX
ftr-442	197	53	distributable	distributable	ADJ
ftr-442	197	54	99	99	NUM
ftr-442	197	55	%	%	NOUN
ftr-442	197	56	to	to	ADP
ftr-442	197	57	x	x	PROPN
ftr-442	197	58	and	and	CCONJ
ftr-442	197	59	1	1	NUM
ftr-442	197	60	%	%	NOUN
ftr-442	197	61	to	to	ADP
ftr-442	197	62	y	y	PROPN
ftr-442	197	63	(	(	PUNCT
ftr-442	197	64	as	as	ADP
ftr-442	197	65	in	in	ADP
ftr-442	197	66	example	example	NOUN
ftr-442	197	67	2c	2c	NUM
ftr-442	197	68	)	)	PUNCT
ftr-442	197	69	,	,	PUNCT
ftr-442	197	70	and	and	CCONJ
ftr-442	197	71	(	(	PUNCT
ftr-442	197	72	3	3	X
ftr-442	197	73	)	)	PUNCT
ftr-442	197	74	the	the	DET
ftr-442	197	75	liquidating	liquidating	NOUN
ftr-442	197	76	distributions	distribution	NOUN
ftr-442	197	77	will	will	AUX
ftr-442	197	78	equal	equal	VERB
ftr-442	197	79	the	the	DET
ftr-442	197	80	partners	partner	NOUN
ftr-442	197	81	'	'	PART
ftr-442	197	82	capital	capital	NOUN
ftr-442	197	83	accounts	account	NOUN
ftr-442	197	84	.	.	PUNCT
ftr-442	198	1	the	the	DET
ftr-442	198	2	financial	financial	ADJ
ftr-442	198	3	results	result	NOUN
ftr-442	198	4	are	be	AUX
ftr-442	198	5	nearly	nearly	ADV
ftr-442	198	6	the	the	DET
ftr-442	198	7	same	same	ADJ
ftr-442	198	8	as	as	ADP
ftr-442	198	9	in	in	ADP
ftr-442	198	10	examples	example	NOUN
ftr-442	198	11	2b	2b	NOUN
ftr-442	198	12	and	and	CCONJ
ftr-442	198	13	2c	2c	NUM
ftr-442	198	14	.	.	PUNCT
ftr-442	199	1	for	for	ADP
ftr-442	199	2	x	x	SYM
ftr-442	199	3	,	,	PUNCT
ftr-442	199	4	yearly	yearly	ADJ
ftr-442	199	5	excesses	excess	NOUN
ftr-442	199	6	of	of	ADP
ftr-442	199	7	distributions	distribution	NOUN
ftr-442	199	8	over	over	ADP
ftr-442	199	9	income	income	NOUN
ftr-442	199	10	allocations	allocation	NOUN
ftr-442	199	11	reduce	reduce	VERB
ftr-442	199	12	her	her	PRON
ftr-442	199	13	capital	capital	NOUN
ftr-442	199	14	[	[	X
ftr-442	199	15	vol	vol	NOUN
ftr-442	199	16	4:3	4:3	NUM
ftr-442	199	17	taxation	taxation	NOUN
ftr-442	199	18	of	of	ADP
ftr-442	199	19	private	private	ADJ
ftr-442	199	20	business	business	NOUN
ftr-442	199	21	finns	finn	NOUN
ftr-442	199	22	account	account	VERB
ftr-442	199	23	from	from	ADP
ftr-442	199	24	$	$	SYM
ftr-442	199	25	685	685	NUM
ftr-442	199	26	to	to	PART
ftr-442	199	27	$	$	SYM
ftr-442	199	28	9	9	NUM
ftr-442	199	29	,	,	PUNCT
ftr-442	199	30	and	and	CCONJ
ftr-442	199	31	y	y	PROPN
ftr-442	199	32	's	's	PART
ftr-442	199	33	capital	capital	NOUN
ftr-442	199	34	account	account	NOUN
ftr-442	199	35	increases	increase	NOUN
ftr-442	199	36	from	from	ADP
ftr-442	199	37	$	$	SYM
ftr-442	199	38	315	315	NUM
ftr-442	199	39	to	to	PART
ftr-442	199	40	$	$	SYM
ftr-442	199	41	991	991	NUM
ftr-442	199	42	through	through	ADP
ftr-442	199	43	yearly	yearly	ADJ
ftr-442	199	44	excesses	excess	NOUN
ftr-442	199	45	of	of	ADP
ftr-442	199	46	income	income	NOUN
ftr-442	199	47	allocations	allocation	NOUN
ftr-442	199	48	over	over	ADP
ftr-442	199	49	distributions	distribution	NOUN
ftr-442	199	50	.	.	PUNCT
ftr-442	200	1	example	example	NOUN
ftr-442	200	2	2d	2d	NUM
ftr-442	200	3	xy	xy	PROPN
ftr-442	201	1	investment	investment	NOUN
ftr-442	201	2	partnership	partnership	NOUN
ftr-442	201	3	year	year	NOUN
ftr-442	201	4	1	1	NUM
ftr-442	201	5	2	2	NUM
ftr-442	201	6	3	3	NUM
ftr-442	201	7	4	4	NUM
ftr-442	201	8	5	5	NUM
ftr-442	201	9	6	6	NUM
ftr-442	201	10	7	7	NUM
ftr-442	201	11	8	8	NUM
ftr-442	201	12	9	9	NUM
ftr-442	201	13	10	10	NUM
ftr-442	201	14	11	11	NUM
ftr-442	201	15	12	12	NUM
ftr-442	201	16	13	13	NUM
ftr-442	201	17	14	14	NUM
ftr-442	201	18	15	15	NUM
ftr-442	201	19	liquidation	liquidation	NOUN
ftr-442	201	20	x	x	PUNCT
ftr-442	201	21	distribution	distribution	NOUN
ftr-442	201	22	income	income	NOUN
ftr-442	201	23	$	$	SYM
ftr-442	201	24	79.2	79.2	NUM
ftr-442	201	25	$	$	SYM
ftr-442	201	26	64	64	NUM
ftr-442	201	27	79.2	79.2	NUM
ftr-442	201	28	64	64	NUM
ftr-442	201	29	79.2	79.2	NUM
ftr-442	201	30	64	64	NUM
ftr-442	201	31	79.2	79.2	NUM
ftr-442	201	32	64	64	NUM
ftr-442	201	33	79.2	79.2	NUM
ftr-442	201	34	64	64	NUM
ftr-442	201	35	79.2	79.2	NUM
ftr-442	201	36	64	64	NUM
ftr-442	201	37	79.2	79.2	NUM
ftr-442	201	38	64	64	NUM
ftr-442	201	39	79.2	79.2	NUM
ftr-442	201	40	64	64	NUM
ftr-442	201	41	79.2	79.2	NUM
ftr-442	201	42	-079.2	-079.2	PROPN
ftr-442	201	43	-079.2	-079.2	PROPN
ftr-442	201	44	-079.2	-079.2	PROPN
ftr-442	202	1	-079.2	-079.2	PROPN
ftr-442	202	2	-079.2	-079.2	PROPN
ftr-442	202	3	-079.2	-079.2	PROPN
ftr-442	202	4	-09	-09	NUM
ftr-442	202	5	-0y	-0y	VERB
ftr-442	202	6	distribution	distribution	NOUN
ftr-442	202	7	income	income	NOUN
ftr-442	202	8	$	$	SYM
ftr-442	202	9	0.8	0.8	NUM
ftr-442	202	10	$	$	SYM
ftr-442	202	11	16	16	NUM
ftr-442	202	12	0.8	0.8	NUM
ftr-442	202	13	16	16	NUM
ftr-442	202	14	0.8	0.8	NUM
ftr-442	202	15	16	16	NUM
ftr-442	202	16	0.8	0.8	NUM
ftr-442	202	17	16	16	NUM
ftr-442	202	18	0.8	0.8	NUM
ftr-442	202	19	16	16	NUM
ftr-442	202	20	0.8	0.8	NUM
ftr-442	202	21	16	16	NUM
ftr-442	202	22	0.8	0.8	NUM
ftr-442	202	23	16	16	NUM
ftr-442	202	24	0.8	0.8	NUM
ftr-442	202	25	16	16	NUM
ftr-442	202	26	0.8	0.8	NUM
ftr-442	202	27	80	80	NUM
ftr-442	202	28	0.8	0.8	NUM
ftr-442	202	29	80	80	NUM
ftr-442	202	30	0.8	0.8	NUM
ftr-442	202	31	80	80	NUM
ftr-442	202	32	0.8	0.8	NUM
ftr-442	202	33	80	80	NUM
ftr-442	202	34	0.8	0.8	NUM
ftr-442	202	35	80	80	NUM
ftr-442	202	36	0.8	0.8	NUM
ftr-442	202	37	80	80	NUM
ftr-442	202	38	0.8	0.8	NUM
ftr-442	202	39	80	80	NUM
ftr-442	202	40	$	$	SYM
ftr-442	202	41	991	991	NUM
ftr-442	202	42	-0as	-0a	NOUN
ftr-442	202	43	compared	compare	VERB
ftr-442	202	44	with	with	ADP
ftr-442	202	45	example	example	NOUN
ftr-442	202	46	2c	2c	NUM
ftr-442	202	47	,	,	PUNCT
ftr-442	202	48	xys	xys	ADJ
ftr-442	202	49	income	income	NOUN
ftr-442	202	50	is	be	AUX
ftr-442	202	51	accelerated	accelerate	VERB
ftr-442	202	52	and	and	CCONJ
ftr-442	202	53	rs	rs	ADJ
ftr-442	202	54	income	income	NOUN
ftr-442	202	55	is	be	AUX
ftr-442	202	56	deferred	defer	VERB
ftr-442	202	57	.	.	PUNCT
ftr-442	203	1	under	under	ADP
ftr-442	203	2	the	the	DET
ftr-442	203	3	regulations	regulation	NOUN
ftr-442	203	4	,	,	PUNCT
ftr-442	203	5	an	an	DET
ftr-442	203	6	allocation	allocation	NOUN
ftr-442	203	7	lacks	lack	VERB
ftr-442	203	8	substantial	substantial	ADJ
ftr-442	203	9	economic	economic	ADJ
ftr-442	203	10	effect	effect	NOUN
ftr-442	203	11	if	if	SCONJ
ftr-442	203	12	it	it	PRON
ftr-442	203	13	is	be	AUX
ftr-442	203	14	possible	possible	ADJ
ftr-442	203	15	that	that	SCONJ
ftr-442	203	16	the	the	DET
ftr-442	203	17	allocation	allocation	NOUN
ftr-442	203	18	may	may	AUX
ftr-442	203	19	be	be	AUX
ftr-442	203	20	offset	offset	VERB
ftr-442	203	21	by	by	ADP
ftr-442	203	22	a	a	DET
ftr-442	203	23	subsequent	subsequent	ADJ
ftr-442	203	24	allocation	allocation	NOUN
ftr-442	203	25	and	and	CCONJ
ftr-442	203	26	,	,	PUNCT
ftr-442	203	27	when	when	SCONJ
ftr-442	203	28	the	the	DET
ftr-442	203	29	allocation	allocation	NOUN
ftr-442	203	30	is	be	AUX
ftr-442	203	31	agreed	agree	VERB
ftr-442	203	32	upon	upon	SCONJ
ftr-442	203	33	,	,	PUNCT
ftr-442	203	34	"	"	PUNCT
ftr-442	203	35	there	there	PRON
ftr-442	203	36	is	be	VERB
ftr-442	203	37	a	a	DET
ftr-442	203	38	strong	strong	ADJ
ftr-442	203	39	likelihood	likelihood	NOUN
ftr-442	203	40	"	"	PUNCT
ftr-442	203	41	that	that	SCONJ
ftr-442	203	42	(	(	PUNCT
ftr-442	203	43	1	1	X
ftr-442	203	44	)	)	PUNCT
ftr-442	203	45	the	the	DET
ftr-442	203	46	ultimate	ultimate	ADJ
ftr-442	203	47	effects	effect	NOUN
ftr-442	203	48	on	on	ADP
ftr-442	203	49	the	the	DET
ftr-442	203	50	partners	partner	NOUN
ftr-442	203	51	'	'	PART
ftr-442	203	52	capital	capital	NOUN
ftr-442	203	53	accounts	account	NOUN
ftr-442	203	54	"	"	PUNCT
ftr-442	203	55	will	will	AUX
ftr-442	203	56	not	not	PART
ftr-442	203	57	differ	differ	VERB
ftr-442	203	58	substantially	substantially	ADV
ftr-442	203	59	from	from	ADP
ftr-442	203	60	"	"	PUNCT
ftr-442	203	61	the	the	DET
ftr-442	203	62	capital	capital	NOUN
ftr-442	203	63	account	account	NOUN
ftr-442	203	64	increases	increase	NOUN
ftr-442	203	65	and	and	CCONJ
ftr-442	203	66	decreases	decrease	NOUN
ftr-442	203	67	that	that	PRON
ftr-442	203	68	would	would	AUX
ftr-442	203	69	occur	occur	VERB
ftr-442	203	70	if	if	SCONJ
ftr-442	203	71	the	the	DET
ftr-442	203	72	partnership	partnership	NOUN
ftr-442	203	73	agreement	agreement	NOUN
ftr-442	203	74	provided	provide	VERB
ftr-442	203	75	for	for	ADP
ftr-442	203	76	neither	neither	CCONJ
ftr-442	203	77	the	the	DET
ftr-442	203	78	original	original	ADJ
ftr-442	203	79	nor	nor	CCONJ
ftr-442	203	80	the	the	DET
ftr-442	203	81	offsetting	offset	VERB
ftr-442	203	82	allocation	allocation	NOUN
ftr-442	203	83	and	and	CCONJ
ftr-442	203	84	(	(	PUNCT
ftr-442	203	85	2	2	X
ftr-442	203	86	)	)	PUNCT
ftr-442	203	87	the	the	DET
ftr-442	203	88	original	original	ADJ
ftr-442	203	89	and	and	CCONJ
ftr-442	203	90	offsetting	offset	VERB
ftr-442	203	91	allocations	allocation	NOUN
ftr-442	203	92	will	will	AUX
ftr-442	203	93	reduce	reduce	VERB
ftr-442	203	94	the	the	DET
ftr-442	203	95	partners	partner	NOUN
ftr-442	203	96	'	'	PART
ftr-442	203	97	"	"	PUNCT
ftr-442	203	98	total	total	ADJ
ftr-442	203	99	tax	tax	NOUN
ftr-442	203	100	liability	liability	NOUN
ftr-442	203	101	.	.	PUNCT
ftr-442	204	1	"	"	PUNCT
ftr-442	204	2	'	'	PUNCT
ftr-442	204	3	the	the	DET
ftr-442	204	4	initially	initially	ADV
ftr-442	204	5	greater	great	ADJ
ftr-442	204	6	allocations	allocation	NOUN
ftr-442	204	7	to	to	PART
ftr-442	204	8	x	x	SYM
ftr-442	204	9	are	be	AUX
ftr-442	204	10	ultimately	ultimately	ADV
ftr-442	204	11	offset	offset	VERB
ftr-442	204	12	by	by	ADP
ftr-442	204	13	smaller	small	ADJ
ftr-442	204	14	allocations	allocation	NOUN
ftr-442	204	15	near	near	ADP
ftr-442	204	16	the	the	DET
ftr-442	204	17	end	end	NOUN
ftr-442	204	18	of	of	ADP
ftr-442	204	19	the	the	DET
ftr-442	204	20	partnership	partnership	NOUN
ftr-442	204	21	's	's	PART
ftr-442	204	22	life	life	NOUN
ftr-442	204	23	,	,	PUNCT
ftr-442	204	24	and	and	CCONJ
ftr-442	204	25	the	the	DET
ftr-442	204	26	opposite	opposite	NOUN
ftr-442	204	27	happens	happen	VERB
ftr-442	204	28	for	for	ADP
ftr-442	204	29	y.	y.	NOUN
ftr-442	204	30	by	by	ADP
ftr-442	204	31	the	the	DET
ftr-442	204	32	end	end	NOUN
ftr-442	204	33	of	of	ADP
ftr-442	204	34	the	the	DET
ftr-442	204	35	partnership	partnership	NOUN
ftr-442	204	36	's	's	PART
ftr-442	204	37	15	15	NUM
ftr-442	204	38	-	-	PUNCT
ftr-442	204	39	year	year	NOUN
ftr-442	204	40	life	life	NOUN
ftr-442	204	41	,	,	PUNCT
ftr-442	204	42	the	the	DET
ftr-442	204	43	offsets	offset	NOUN
ftr-442	204	44	will	will	AUX
ftr-442	204	45	be	be	AUX
ftr-442	204	46	complete	complete	ADJ
ftr-442	204	47	and	and	CCONJ
ftr-442	204	48	the	the	DET
ftr-442	204	49	capital	capital	NOUN
ftr-442	204	50	accounts	account	NOUN
ftr-442	204	51	will	will	AUX
ftr-442	204	52	be	be	AUX
ftr-442	204	53	virtually	virtually	ADV
ftr-442	204	54	identical	identical	ADJ
ftr-442	204	55	to	to	ADP
ftr-442	204	56	those	those	PRON
ftr-442	204	57	in	in	ADP
ftr-442	204	58	example	example	NOUN
ftr-442	204	59	2c	2c	NOUN
ftr-442	204	60	.	.	PUNCT
ftr-442	205	1	however	however	ADV
ftr-442	205	2	,	,	PUNCT
ftr-442	205	3	notwithstanding	notwithstanding	ADP
ftr-442	205	4	the	the	DET
ftr-442	205	5	possibility	possibility	NOUN
ftr-442	205	6	of	of	ADP
ftr-442	205	7	offset	offset	NOUN
ftr-442	205	8	,	,	PUNCT
ftr-442	205	9	an	an	DET
ftr-442	205	10	allocation	allocation	NOUN
ftr-442	205	11	is	be	AUX
ftr-442	205	12	deemed	deem	VERB
ftr-442	205	13	to	to	PART
ftr-442	205	14	substantially	substantially	ADV
ftr-442	205	15	affect	affect	VERB
ftr-442	205	16	ultimate	ultimate	ADJ
ftr-442	205	17	entitlements	entitlement	NOUN
ftr-442	205	18	if	if	SCONJ
ftr-442	205	19	"	"	PUNCT
ftr-442	205	20	there	there	PRON
ftr-442	205	21	is	be	VERB
ftr-442	205	22	a	a	DET
ftr-442	205	23	strong	strong	ADJ
ftr-442	205	24	22	22	NUM
ftr-442	205	25	.	.	PUNCT
ftr-442	206	1	regs	regs	PROPN
ftr-442	206	2	.	.	PUNCT
ftr-442	207	1	§	§	PROPN
ftr-442	207	2	1.704	1.704	NUM
ftr-442	207	3	-	-	NUM
ftr-442	207	4	1(b)(2)(iii)(c	1(b)(2)(iii)(c	NUM
ftr-442	207	5	)	)	PUNCT
ftr-442	207	6	.	.	PUNCT
ftr-442	208	1	1999	1999	NUM
ftr-442	208	2	]	]	PUNCT
ftr-442	208	3	florida	florida	PROPN
ftr-442	208	4	tax	tax	PROPN
ftr-442	208	5	review	review	NOUN
ftr-442	208	6	likelihood	likelihood	NOUN
ftr-442	208	7	"	"	PUNCT
ftr-442	208	8	that	that	SCONJ
ftr-442	208	9	any	any	DET
ftr-442	208	10	offsetting	offset	VERB
ftr-442	208	11	allocation	allocation	NOUN
ftr-442	208	12	will	will	AUX
ftr-442	208	13	occur	occur	VERB
ftr-442	208	14	more	more	ADJ
ftr-442	208	15	than	than	ADP
ftr-442	208	16	five	five	NUM
ftr-442	208	17	years	year	NOUN
ftr-442	208	18	after	after	ADP
ftr-442	208	19	the	the	DET
ftr-442	208	20	initial	initial	ADJ
ftr-442	208	21	allocation	allocation	NOUN
ftr-442	208	22	.	.	PUNCT
ftr-442	208	23	'	'	PUNCT
ftr-442	209	1	in	in	ADP
ftr-442	209	2	example	example	NOUN
ftr-442	209	3	2d	2d	NOUN
ftr-442	209	4	,	,	PUNCT
ftr-442	209	5	if	if	SCONJ
ftr-442	209	6	offsetting	offsetting	ADJ
ftr-442	209	7	allocations	allocation	NOUN
ftr-442	209	8	are	be	AUX
ftr-442	209	9	determined	determine	VERB
ftr-442	209	10	by	by	ADP
ftr-442	209	11	comparing	compare	VERB
ftr-442	209	12	them	they	PRON
ftr-442	209	13	with	with	ADP
ftr-442	209	14	example	example	NOUN
ftr-442	209	15	2c	2c	NUM
ftr-442	209	16	,	,	PUNCT
ftr-442	209	17	the	the	DET
ftr-442	209	18	allocations	allocation	NOUN
ftr-442	209	19	for	for	ADP
ftr-442	209	20	the	the	DET
ftr-442	209	21	first	first	ADJ
ftr-442	209	22	four	four	NUM
ftr-442	209	23	years	year	NOUN
ftr-442	209	24	have	have	VERB
ftr-442	209	25	substantial	substantial	ADJ
ftr-442	209	26	economic	economic	ADJ
ftr-442	209	27	effect	effect	NOUN
ftr-442	209	28	because	because	SCONJ
ftr-442	209	29	the	the	DET
ftr-442	209	30	offsets	offset	NOUN
ftr-442	209	31	occur	occur	VERB
ftr-442	209	32	more	more	ADJ
ftr-442	209	33	than	than	ADP
ftr-442	209	34	five	five	NUM
ftr-442	209	35	years	year	NOUN
ftr-442	209	36	later	later	ADV
ftr-442	209	37	.	.	PUNCT
ftr-442	210	1	although	although	SCONJ
ftr-442	210	2	the	the	DET
ftr-442	210	3	offsets	offset	NOUN
ftr-442	210	4	to	to	ADP
ftr-442	210	5	the	the	DET
ftr-442	210	6	allocations	allocation	NOUN
ftr-442	210	7	for	for	ADP
ftr-442	210	8	the	the	DET
ftr-442	210	9	fifth	fifth	ADJ
ftr-442	210	10	year	year	NOUN
ftr-442	210	11	through	through	ADP
ftr-442	210	12	the	the	DET
ftr-442	210	13	eighth	eighth	ADJ
ftr-442	210	14	year	year	NOUN
ftr-442	210	15	occur	occur	VERB
ftr-442	210	16	in	in	ADP
ftr-442	210	17	part	part	NOUN
ftr-442	210	18	within	within	ADP
ftr-442	210	19	five	five	NUM
ftr-442	210	20	years	year	NOUN
ftr-442	210	21	and	and	CCONJ
ftr-442	210	22	thus	thus	ADV
ftr-442	210	23	are	be	AUX
ftr-442	210	24	probably	probably	ADV
ftr-442	210	25	invalidated	invalidate	VERB
ftr-442	210	26	by	by	ADP
ftr-442	210	27	the	the	DET
ftr-442	210	28	transitory	transitory	ADJ
ftr-442	210	29	allocation	allocation	NOUN
ftr-442	210	30	rule	rule	NOUN
ftr-442	210	31	,	,	PUNCT
ftr-442	210	32	the	the	DET
ftr-442	210	33	regulations	regulation	NOUN
ftr-442	210	34	allow	allow	VERB
ftr-442	210	35	a	a	DET
ftr-442	210	36	significant	significant	ADJ
ftr-442	210	37	temporal	temporal	ADJ
ftr-442	210	38	shifting	shifting	NOUN
ftr-442	210	39	between	between	ADP
ftr-442	210	40	x	x	PROPN
ftr-442	210	41	and	and	CCONJ
ftr-442	210	42	y.	y.	PROPN
ftr-442	210	43	arguably	arguably	ADV
ftr-442	210	44	,	,	PUNCT
ftr-442	210	45	the	the	DET
ftr-442	210	46	results	result	NOUN
ftr-442	210	47	in	in	ADP
ftr-442	210	48	example	example	NOUN
ftr-442	210	49	2d	2d	NUM
ftr-442	210	50	are	be	AUX
ftr-442	210	51	not	not	PART
ftr-442	210	52	inappropriate	inappropriate	ADJ
ftr-442	210	53	because	because	SCONJ
ftr-442	210	54	they	they	PRON
ftr-442	210	55	follow	follow	VERB
ftr-442	210	56	from	from	ADP
ftr-442	210	57	the	the	DET
ftr-442	210	58	sharp	sharp	ADJ
ftr-442	210	59	distinction	distinction	NOUN
ftr-442	210	60	drawn	draw	VERB
ftr-442	210	61	in	in	ADP
ftr-442	210	62	present	present	ADJ
ftr-442	210	63	law	law	NOUN
ftr-442	210	64	between	between	ADP
ftr-442	210	65	debt	debt	NOUN
ftr-442	210	66	and	and	CCONJ
ftr-442	210	67	equity	equity	NOUN
ftr-442	210	68	.	.	PUNCT
ftr-442	211	1	although	although	SCONJ
ftr-442	211	2	congress	congress	PROPN
ftr-442	211	3	and	and	CCONJ
ftr-442	211	4	the	the	DET
ftr-442	211	5	treasury	treasury	NOUN
ftr-442	211	6	have	have	AUX
ftr-442	211	7	labored	labor	VERB
ftr-442	211	8	over	over	ADP
ftr-442	211	9	the	the	DET
ftr-442	211	10	years	year	NOUN
ftr-442	211	11	to	to	PART
ftr-442	211	12	tax	tax	NOUN
ftr-442	211	13	returns	return	NOUN
ftr-442	211	14	from	from	ADP
ftr-442	211	15	debt	debt	NOUN
ftr-442	211	16	instruments	instrument	NOUN
ftr-442	211	17	on	on	ADP
ftr-442	211	18	an	an	DET
ftr-442	211	19	accrual	accrual	ADJ
ftr-442	211	20	basis	basis	NOUN
ftr-442	211	21	,	,	PUNCT
ftr-442	211	22	equity	equity	NOUN
ftr-442	211	23	investors	investor	NOUN
ftr-442	211	24	are	be	AUX
ftr-442	211	25	offered	offer	VERB
ftr-442	211	26	many	many	ADJ
ftr-442	211	27	opportunities	opportunity	NOUN
ftr-442	211	28	to	to	PART
ftr-442	211	29	defer	defer	VERB
ftr-442	211	30	tax	tax	NOUN
ftr-442	211	31	on	on	ADP
ftr-442	211	32	investment	investment	NOUN
ftr-442	211	33	returns	return	NOUN
ftr-442	211	34	.	.	PUNCT
ftr-442	212	1	for	for	ADP
ftr-442	212	2	example	example	NOUN
ftr-442	212	3	,	,	PUNCT
ftr-442	212	4	y	y	PROPN
ftr-442	212	5	might	might	AUX
ftr-442	212	6	purchase	purchase	VERB
ftr-442	212	7	land	land	NOUN
ftr-442	212	8	with	with	ADP
ftr-442	212	9	a	a	DET
ftr-442	212	10	timber	timber	NOUN
ftr-442	212	11	stand	stand	NOUN
ftr-442	212	12	expected	expect	VERB
ftr-442	212	13	to	to	PART
ftr-442	212	14	be	be	AUX
ftr-442	212	15	cut	cut	VERB
ftr-442	212	16	in	in	ADP
ftr-442	212	17	10	10	NUM
ftr-442	212	18	years	year	NOUN
ftr-442	212	19	,	,	PUNCT
ftr-442	212	20	or	or	CCONJ
ftr-442	212	21	she	she	PRON
ftr-442	212	22	might	might	AUX
ftr-442	212	23	purchase	purchase	VERB
ftr-442	212	24	and	and	CCONJ
ftr-442	212	25	hold	hold	VERB
ftr-442	212	26	for	for	ADP
ftr-442	212	27	10	10	NUM
ftr-442	212	28	years	year	NOUN
ftr-442	212	29	stock	stock	NOUN
ftr-442	212	30	of	of	ADP
ftr-442	212	31	a	a	DET
ftr-442	212	32	corporation	corporation	NOUN
ftr-442	212	33	whose	whose	DET
ftr-442	212	34	policy	policy	NOUN
ftr-442	212	35	is	be	AUX
ftr-442	212	36	to	to	PART
ftr-442	212	37	reinvest	reinvest	VERB
ftr-442	212	38	all	all	DET
ftr-442	212	39	earnings	earning	NOUN
ftr-442	212	40	in	in	ADP
ftr-442	212	41	expansion	expansion	NOUN
ftr-442	212	42	of	of	ADP
ftr-442	212	43	its	its	PRON
ftr-442	212	44	businesses	business	NOUN
ftr-442	212	45	.	.	PUNCT
ftr-442	213	1	arguably	arguably	ADV
ftr-442	213	2	,	,	PUNCT
ftr-442	213	3	because	because	SCONJ
ftr-442	213	4	being	be	AUX
ftr-442	213	5	a	a	DET
ftr-442	213	6	partner	partner	NOUN
ftr-442	213	7	is	be	AUX
ftr-442	213	8	an	an	DET
ftr-442	213	9	equity	equity	NOUN
ftr-442	213	10	investment	investment	NOUN
ftr-442	213	11	,	,	PUNCT
ftr-442	213	12	y	y	PROPN
ftr-442	213	13	should	should	AUX
ftr-442	213	14	also	also	ADV
ftr-442	213	15	be	be	AUX
ftr-442	213	16	allowed	allow	VERB
ftr-442	213	17	to	to	PART
ftr-442	213	18	defer	defer	VERB
ftr-442	213	19	tax	tax	NOUN
ftr-442	213	20	on	on	ADP
ftr-442	213	21	investment	investment	NOUN
ftr-442	213	22	returns	return	NOUN
ftr-442	213	23	through	through	ADP
ftr-442	213	24	a	a	DET
ftr-442	213	25	partnership	partnership	NOUN
ftr-442	213	26	investment	investment	NOUN
ftr-442	213	27	.	.	PUNCT
ftr-442	214	1	however	however	ADV
ftr-442	214	2	,	,	PUNCT
ftr-442	214	3	the	the	DET
ftr-442	214	4	partnership	partnership	NOUN
ftr-442	214	5	situation	situation	NOUN
ftr-442	214	6	is	be	AUX
ftr-442	214	7	unique	unique	ADJ
ftr-442	214	8	.	.	PUNCT
ftr-442	215	1	wealth	wealth	NOUN
ftr-442	215	2	accruing	accrue	VERB
ftr-442	215	3	to	to	ADP
ftr-442	215	4	the	the	DET
ftr-442	215	5	owner	owner	NOUN
ftr-442	215	6	of	of	ADP
ftr-442	215	7	a	a	DET
ftr-442	215	8	stand	stand	NOUN
ftr-442	215	9	of	of	ADP
ftr-442	215	10	trees	tree	NOUN
ftr-442	215	11	is	be	AUX
ftr-442	215	12	not	not	PART
ftr-442	215	13	taxed	tax	VERB
ftr-442	215	14	until	until	SCONJ
ftr-442	215	15	the	the	DET
ftr-442	215	16	trees	tree	NOUN
ftr-442	215	17	are	be	AUX
ftr-442	215	18	cut	cut	VERB
ftr-442	215	19	,	,	PUNCT
ftr-442	215	20	regardless	regardless	ADV
ftr-442	215	21	of	of	ADP
ftr-442	215	22	who	who	PRON
ftr-442	215	23	the	the	DET
ftr-442	215	24	owner	owner	NOUN
ftr-442	215	25	is	be	AUX
ftr-442	215	26	.	.	PUNCT
ftr-442	216	1	when	when	SCONJ
ftr-442	216	2	a	a	DET
ftr-442	216	3	corporation	corporation	NOUN
ftr-442	216	4	retains	retain	VERB
ftr-442	216	5	all	all	PRON
ftr-442	216	6	of	of	ADP
ftr-442	216	7	its	its	PRON
ftr-442	216	8	earnings	earning	NOUN
ftr-442	216	9	,	,	PUNCT
ftr-442	216	10	it	it	PRON
ftr-442	216	11	is	be	AUX
ftr-442	216	12	taxed	tax	VERB
ftr-442	216	13	on	on	ADP
ftr-442	216	14	these	these	DET
ftr-442	216	15	earnings	earning	NOUN
ftr-442	216	16	,	,	PUNCT
ftr-442	216	17	even	even	ADV
ftr-442	216	18	though	though	SCONJ
ftr-442	216	19	the	the	DET
ftr-442	216	20	shareholders	shareholder	NOUN
ftr-442	216	21	are	be	AUX
ftr-442	216	22	not	not	PART
ftr-442	216	23	.	.	PUNCT
ftr-442	217	1	if	if	SCONJ
ftr-442	217	2	the	the	DET
ftr-442	217	3	corporation	corporation	NOUN
ftr-442	217	4	accrues	accrue	VERB
ftr-442	217	5	untaxed	untaxed	ADJ
ftr-442	217	6	wealth	wealth	NOUN
ftr-442	217	7	(	(	PUNCT
ftr-442	217	8	e.g.	e.g.	ADV
ftr-442	217	9	,	,	PUNCT
ftr-442	217	10	by	by	ADP
ftr-442	217	11	building	build	VERB
ftr-442	217	12	goodwill	goodwill	NOUN
ftr-442	217	13	or	or	CCONJ
ftr-442	217	14	developing	develop	VERB
ftr-442	217	15	valuable	valuable	ADJ
ftr-442	217	16	intellectual	intellectual	ADJ
ftr-442	217	17	property	property	NOUN
ftr-442	217	18	)	)	PUNCT
ftr-442	217	19	,	,	PUNCT
ftr-442	217	20	it	it	PRON
ftr-442	217	21	escapes	escape	VERB
ftr-442	217	22	tax	tax	NOUN
ftr-442	217	23	through	through	ADP
ftr-442	217	24	principles	principle	NOUN
ftr-442	217	25	that	that	PRON
ftr-442	217	26	apply	apply	VERB
ftr-442	217	27	regardless	regardless	ADV
ftr-442	217	28	of	of	ADP
ftr-442	217	29	who	who	PRON
ftr-442	217	30	the	the	DET
ftr-442	217	31	owner	owner	NOUN
ftr-442	217	32	is	be	AUX
ftr-442	217	33	.	.	PUNCT
ftr-442	218	1	in	in	ADP
ftr-442	218	2	contrast	contrast	NOUN
ftr-442	218	3	,	,	PUNCT
ftr-442	218	4	partnership	partnership	NOUN
ftr-442	218	5	allocations	allocation	NOUN
ftr-442	218	6	can	can	AUX
ftr-442	218	7	be	be	AUX
ftr-442	218	8	structured	structure	VERB
ftr-442	218	9	to	to	PART
ftr-442	218	10	defer	defer	VERB
ftr-442	218	11	tax	tax	NOUN
ftr-442	218	12	by	by	ADP
ftr-442	218	13	shifting	shift	VERB
ftr-442	218	14	currently	currently	ADV
ftr-442	218	15	taxable	taxable	ADJ
ftr-442	218	16	income	income	NOUN
ftr-442	218	17	to	to	ADP
ftr-442	218	18	other	other	ADJ
ftr-442	218	19	participants	participant	NOUN
ftr-442	218	20	.	.	PUNCT
ftr-442	219	1	y	y	PRON
ftr-442	219	2	's	's	PART
ftr-442	219	3	tax	tax	NOUN
ftr-442	219	4	deferral	deferral	NOUN
ftr-442	219	5	in	in	ADP
ftr-442	219	6	example	example	NOUN
ftr-442	219	7	2d	2d	NUM
ftr-442	219	8	results	result	NOUN
ftr-442	219	9	from	from	ADP
ftr-442	219	10	the	the	DET
ftr-442	219	11	structure	structure	NOUN
ftr-442	219	12	in	in	ADP
ftr-442	219	13	which	which	PRON
ftr-442	219	14	the	the	DET
ftr-442	219	15	investment	investment	NOUN
ftr-442	219	16	is	be	AUX
ftr-442	219	17	held	hold	VERB
ftr-442	219	18	,	,	PUNCT
ftr-442	219	19	not	not	PART
ftr-442	219	20	from	from	ADP
ftr-442	219	21	the	the	DET
ftr-442	219	22	type	type	NOUN
ftr-442	219	23	of	of	ADP
ftr-442	219	24	property	property	NOUN
ftr-442	219	25	comprising	comprise	VERB
ftr-442	219	26	the	the	DET
ftr-442	219	27	investment	investment	NOUN
ftr-442	219	28	.	.	PUNCT
ftr-442	220	1	as	as	SCONJ
ftr-442	220	2	shown	show	VERB
ftr-442	220	3	by	by	ADP
ftr-442	220	4	example	example	NOUN
ftr-442	220	5	2d	2d	NOUN
ftr-442	220	6	,	,	PUNCT
ftr-442	220	7	partnership	partnership	NOUN
ftr-442	220	8	allocations	allocation	NOUN
ftr-442	220	9	can	can	AUX
ftr-442	220	10	be	be	AUX
ftr-442	220	11	used	use	VERB
ftr-442	220	12	to	to	PART
ftr-442	220	13	alter	alter	VERB
ftr-442	220	14	timing	timing	NOUN
ftr-442	220	15	mechanisms	mechanism	NOUN
ftr-442	220	16	carefully	carefully	ADV
ftr-442	220	17	crafted	craft	VERB
ftr-442	220	18	by	by	ADP
ftr-442	220	19	congress	congress	PROPN
ftr-442	220	20	.	.	PUNCT
ftr-442	221	1	although	although	SCONJ
ftr-442	221	2	example	example	NOUN
ftr-442	221	3	2	2	NUM
ftr-442	221	4	deals	deal	NOUN
ftr-442	221	5	with	with	ADP
ftr-442	221	6	debt	debt	NOUN
ftr-442	221	7	securities	security	NOUN
ftr-442	221	8	,	,	PUNCT
ftr-442	221	9	the	the	DET
ftr-442	221	10	point	point	NOUN
ftr-442	221	11	made	make	VERB
ftr-442	221	12	is	be	AUX
ftr-442	221	13	not	not	PART
ftr-442	221	14	limited	limit	VERB
ftr-442	221	15	to	to	ADP
ftr-442	221	16	partnerships	partnership	NOUN
ftr-442	221	17	whose	whose	DET
ftr-442	221	18	principal	principal	ADJ
ftr-442	221	19	assets	asset	NOUN
ftr-442	221	20	are	be	AUX
ftr-442	221	21	debt	debt	NOUN
ftr-442	221	22	instruments	instrument	NOUN
ftr-442	221	23	.	.	PUNCT
ftr-442	222	1	the	the	DET
ftr-442	222	2	example	example	NOUN
ftr-442	222	3	is	be	AUX
ftr-442	222	4	intended	intend	VERB
ftr-442	222	5	to	to	PART
ftr-442	222	6	demonstrate	demonstrate	VERB
ftr-442	222	7	how	how	SCONJ
ftr-442	222	8	,	,	PUNCT
ftr-442	222	9	even	even	ADV
ftr-442	222	10	when	when	SCONJ
ftr-442	222	11	tax	tax	NOUN
ftr-442	222	12	rules	rule	NOUN
ftr-442	222	13	applicable	applicable	ADJ
ftr-442	222	14	to	to	ADP
ftr-442	222	15	the	the	DET
ftr-442	222	16	underlying	underlie	VERB
ftr-442	222	17	assets	asset	NOUN
ftr-442	222	18	are	be	AUX
ftr-442	222	19	economically	economically	ADV
ftr-442	222	20	realistic	realistic	ADJ
ftr-442	222	21	(	(	PUNCT
ftr-442	222	22	as	as	SCONJ
ftr-442	222	23	is	be	AUX
ftr-442	222	24	generally	generally	ADV
ftr-442	222	25	so	so	ADV
ftr-442	222	26	for	for	ADP
ftr-442	222	27	debt	debt	NOUN
ftr-442	222	28	instruments	instrument	NOUN
ftr-442	222	29	)	)	PUNCT
ftr-442	222	30	,	,	PUNCT
ftr-442	222	31	partnership	partnership	NOUN
ftr-442	222	32	allocations	allocation	NOUN
ftr-442	222	33	can	can	AUX
ftr-442	222	34	be	be	AUX
ftr-442	222	35	used	use	VERB
ftr-442	222	36	to	to	PART
ftr-442	222	37	divorce	divorce	VERB
ftr-442	222	38	tax	tax	NOUN
ftr-442	222	39	consequences	consequence	NOUN
ftr-442	222	40	from	from	ADP
ftr-442	222	41	economic	economic	ADJ
ftr-442	222	42	consequences	consequence	NOUN
ftr-442	222	43	.	.	PUNCT
ftr-442	223	1	in	in	ADP
ftr-442	223	2	a	a	DET
ftr-442	223	3	partnership	partnership	NOUN
ftr-442	223	4	with	with	ADP
ftr-442	223	5	other	other	ADJ
ftr-442	223	6	types	type	NOUN
ftr-442	223	7	of	of	ADP
ftr-442	223	8	assets	asset	NOUN
ftr-442	223	9	(	(	PUNCT
ftr-442	223	10	e.g.	e.g.	ADV
ftr-442	223	11	,	,	PUNCT
ftr-442	223	12	a	a	DET
ftr-442	223	13	leasing	leasing	NOUN
ftr-442	223	14	partnership	partnership	NOUN
ftr-442	223	15	)	)	PUNCT
ftr-442	223	16	,	,	PUNCT
ftr-442	223	17	partnership	partnership	NOUN
ftr-442	223	18	allocations	allocation	NOUN
ftr-442	223	19	may	may	AUX
ftr-442	223	20	exhibit	exhibit	VERB
ftr-442	223	21	both	both	DET
ftr-442	223	22	the	the	DET
ftr-442	223	23	effects	effect	NOUN
ftr-442	223	24	demonstrated	demonstrate	VERB
ftr-442	223	25	in	in	ADP
ftr-442	223	26	example	example	NOUN
ftr-442	223	27	1	1	NUM
ftr-442	223	28	(	(	PUNCT
ftr-442	223	29	shifting	shift	VERB
ftr-442	223	30	of	of	ADP
ftr-442	223	31	tax	tax	NOUN
ftr-442	223	32	preferences	preference	NOUN
ftr-442	223	33	from	from	ADP
ftr-442	223	34	partner	partner	NOUN
ftr-442	223	35	to	to	ADP
ftr-442	223	36	23	23	NUM
ftr-442	223	37	.	.	PUNCT
ftr-442	224	1	see	see	VERB
ftr-442	224	2	i	i	PRON
ftr-442	224	3	d.	d.	PROPN
ftr-442	224	4	offsets	offset	NOUN
ftr-442	224	5	are	be	AUX
ftr-442	224	6	"	"	PUNCT
ftr-442	224	7	determined	determined	ADJ
ftr-442	224	8	on	on	ADP
ftr-442	224	9	a	a	DET
ftr-442	224	10	first	first	ADJ
ftr-442	224	11	-	-	PUNCT
ftr-442	224	12	in	in	NOUN
ftr-442	224	13	,	,	PUNCT
ftr-442	224	14	first	first	ADJ
ftr-442	224	15	-	-	PUNCT
ftr-442	224	16	out	out	ADP
ftr-442	224	17	basis	basis	NOUN
ftr-442	224	18	.	.	PUNCT
ftr-442	224	19	"	"	PUNCT
ftr-442	225	1	i	i	PRON
ftr-442	225	2	d.	d.	PROPN
ftr-442	225	3	regs	regs	PROPN
ftr-442	225	4	.	.	PUNCT
ftr-442	226	1	§	§	PROPN
ftr-442	226	2	1.7041(b)(2)(iii)(c)(2	1.7041(b)(2)(iii)(c)(2	NUM
ftr-442	226	3	)	)	PUNCT
ftr-442	226	4	.	.	PUNCT
ftr-442	227	1	[	[	X
ftr-442	227	2	vol	vol	NOUN
ftr-442	227	3	4:3	4:3	NUM
ftr-442	227	4	taxation	taxation	NOUN
ftr-442	227	5	of	of	ADP
ftr-442	227	6	private	private	ADJ
ftr-442	227	7	business	business	NOUN
ftr-442	227	8	firms	firm	NOUN
ftr-442	227	9	partner	partner	NOUN
ftr-442	227	10	)	)	PUNCT
ftr-442	227	11	and	and	CCONJ
ftr-442	227	12	those	those	PRON
ftr-442	227	13	shown	show	VERB
ftr-442	227	14	in	in	ADP
ftr-442	227	15	example	example	NOUN
ftr-442	227	16	2	2	NUM
ftr-442	227	17	(	(	PUNCT
ftr-442	227	18	shifting	shift	VERB
ftr-442	227	19	of	of	ADP
ftr-442	227	20	economic	economic	ADJ
ftr-442	227	21	income	income	NOUN
ftr-442	227	22	from	from	ADP
ftr-442	227	23	partner	partner	NOUN
ftr-442	227	24	to	to	ADP
ftr-442	227	25	partner	partner	NOUN
ftr-442	227	26	)	)	PUNCT
ftr-442	227	27	.	.	PUNCT
ftr-442	228	1	c.	c.	PROPN
ftr-442	228	2	alternatives	alternative	NOUN
ftr-442	228	3	;	;	PUNCT
ftr-442	228	4	allocations	allocation	NOUN
ftr-442	228	5	in	in	ADP
ftr-442	228	6	proportion	proportion	NOUN
ftr-442	228	7	to	to	ADP
ftr-442	228	8	capital	capital	NOUN
ftr-442	228	9	in	in	ADP
ftr-442	228	10	this	this	DET
ftr-442	228	11	writer	writer	NOUN
ftr-442	228	12	's	's	PART
ftr-442	228	13	opinion	opinion	NOUN
ftr-442	228	14	,	,	PUNCT
ftr-442	228	15	the	the	DET
ftr-442	228	16	flaws	flaw	NOUN
ftr-442	228	17	in	in	ADP
ftr-442	228	18	the	the	DET
ftr-442	228	19	present	present	ADJ
ftr-442	228	20	allocation	allocation	NOUN
ftr-442	228	21	rules	rule	NOUN
ftr-442	228	22	are	be	AUX
ftr-442	228	23	not	not	PART
ftr-442	228	24	merely	merely	ADV
ftr-442	228	25	flaws	flaw	NOUN
ftr-442	228	26	in	in	ADP
ftr-442	228	27	the	the	DET
ftr-442	228	28	execution	execution	NOUN
ftr-442	228	29	of	of	ADP
ftr-442	228	30	the	the	DET
ftr-442	228	31	simple	simple	ADJ
ftr-442	228	32	idea	idea	NOUN
ftr-442	228	33	of	of	ADP
ftr-442	228	34	conduit	conduit	NOUN
ftr-442	228	35	taxation	taxation	NOUN
ftr-442	228	36	that	that	PRON
ftr-442	228	37	underlies	underlie	VERB
ftr-442	228	38	subchapter	subchapter	NOUN
ftr-442	228	39	k.	k.	PROPN
ftr-442	229	1	rather	rather	ADV
ftr-442	229	2	,	,	PUNCT
ftr-442	229	3	the	the	DET
ftr-442	229	4	flaws	flaw	NOUN
ftr-442	229	5	expose	expose	VERB
ftr-442	229	6	a	a	DET
ftr-442	229	7	fundamental	fundamental	ADJ
ftr-442	229	8	problem	problem	NOUN
ftr-442	229	9	with	with	ADP
ftr-442	229	10	conduit	conduit	NOUN
ftr-442	229	11	taxation	taxation	NOUN
ftr-442	229	12	:	:	PUNCT
ftr-442	229	13	when	when	SCONJ
ftr-442	229	14	an	an	DET
ftr-442	229	15	entity	entity	NOUN
ftr-442	229	16	's	's	PART
ftr-442	229	17	owners	owner	NOUN
ftr-442	229	18	share	share	VERB
ftr-442	229	19	income	income	NOUN
ftr-442	229	20	in	in	ADP
ftr-442	229	21	complex	complex	ADJ
ftr-442	229	22	ways	way	NOUN
ftr-442	229	23	,	,	PUNCT
ftr-442	229	24	there	there	PRON
ftr-442	229	25	is	be	VERB
ftr-442	229	26	often	often	ADV
ftr-442	229	27	no	no	DET
ftr-442	229	28	feasible	feasible	ADJ
ftr-442	229	29	means	mean	NOUN
ftr-442	229	30	of	of	ADP
ftr-442	229	31	determining	determine	VERB
ftr-442	229	32	at	at	ADP
ftr-442	229	33	the	the	DET
ftr-442	229	34	end	end	NOUN
ftr-442	229	35	of	of	ADP
ftr-442	229	36	each	each	DET
ftr-442	229	37	year	year	NOUN
ftr-442	229	38	how	how	SCONJ
ftr-442	229	39	the	the	DET
ftr-442	229	40	entity	entity	NOUN
ftr-442	229	41	's	's	PART
ftr-442	229	42	income	income	NOUN
ftr-442	229	43	or	or	CCONJ
ftr-442	229	44	loss	loss	NOUN
ftr-442	229	45	for	for	ADP
ftr-442	229	46	the	the	DET
ftr-442	229	47	year	year	NOUN
ftr-442	229	48	is	be	AUX
ftr-442	229	49	economically	economically	ADV
ftr-442	229	50	shared	share	VERB
ftr-442	229	51	by	by	ADP
ftr-442	229	52	the	the	DET
ftr-442	229	53	owners	owner	NOUN
ftr-442	229	54	.	.	PUNCT
ftr-442	230	1	the	the	DET
ftr-442	230	2	owners	owner	NOUN
ftr-442	230	3	commonly	commonly	ADV
ftr-442	230	4	conceive	conceive	VERB
ftr-442	230	5	of	of	ADP
ftr-442	230	6	their	their	PRON
ftr-442	230	7	sharing	sharing	NOUN
ftr-442	230	8	arrangements	arrangement	NOUN
ftr-442	230	9	as	as	SCONJ
ftr-442	230	10	they	they	PRON
ftr-442	230	11	will	will	AUX
ftr-442	230	12	apply	apply	VERB
ftr-442	230	13	over	over	ADP
ftr-442	230	14	a	a	DET
ftr-442	230	15	period	period	NOUN
ftr-442	230	16	of	of	ADP
ftr-442	230	17	several	several	ADJ
ftr-442	230	18	years	year	NOUN
ftr-442	230	19	.	.	PUNCT
ftr-442	231	1	annual	annual	ADJ
ftr-442	231	2	allocations	allocation	NOUN
ftr-442	231	3	of	of	ADP
ftr-442	231	4	income	income	NOUN
ftr-442	231	5	and	and	CCONJ
ftr-442	231	6	loss	loss	NOUN
ftr-442	231	7	,	,	PUNCT
ftr-442	231	8	as	as	SCONJ
ftr-442	231	9	the	the	DET
ftr-442	231	10	tax	tax	NOUN
ftr-442	231	11	laws	law	NOUN
ftr-442	231	12	require	require	VERB
ftr-442	231	13	,	,	PUNCT
ftr-442	231	14	may	may	AUX
ftr-442	231	15	therefore	therefore	ADV
ftr-442	231	16	be	be	AUX
ftr-442	231	17	wholly	wholly	ADV
ftr-442	231	18	artificial	artificial	ADJ
ftr-442	231	19	.	.	PUNCT
ftr-442	232	1	any	any	DET
ftr-442	232	2	effort	effort	NOUN
ftr-442	232	3	to	to	PART
ftr-442	232	4	match	match	VERB
ftr-442	232	5	these	these	DET
ftr-442	232	6	allocations	allocation	NOUN
ftr-442	232	7	with	with	ADP
ftr-442	232	8	the	the	DET
ftr-442	232	9	owners	owner	NOUN
ftr-442	232	10	'	'	PART
ftr-442	232	11	long	long	ADV
ftr-442	232	12	-	-	PUNCT
ftr-442	232	13	run	run	NOUN
ftr-442	232	14	expectation	expectation	NOUN
ftr-442	232	15	is	be	AUX
ftr-442	232	16	bound	bind	VERB
ftr-442	232	17	to	to	PART
ftr-442	232	18	be	be	AUX
ftr-442	232	19	complicated	complicate	VERB
ftr-442	232	20	,	,	PUNCT
ftr-442	232	21	artificial	artificial	ADJ
ftr-442	232	22	,	,	PUNCT
ftr-442	232	23	or	or	CCONJ
ftr-442	232	24	both.24	both.24	NOUN
ftr-442	232	25	for	for	ADP
ftr-442	232	26	example	example	NOUN
ftr-442	232	27	,	,	PUNCT
ftr-442	232	28	the	the	DET
ftr-442	232	29	problems	problem	NOUN
ftr-442	232	30	discussed	discuss	VERB
ftr-442	232	31	above	above	ADV
ftr-442	232	32	might	might	AUX
ftr-442	232	33	be	be	AUX
ftr-442	232	34	addressed	address	VERB
ftr-442	232	35	by	by	ADP
ftr-442	232	36	amending	amend	VERB
ftr-442	232	37	section	section	NOUN
ftr-442	232	38	704(b	704(b	PROPN
ftr-442	232	39	)	)	PUNCT
ftr-442	232	40	to	to	PART
ftr-442	232	41	require	require	VERB
ftr-442	232	42	that	that	SCONJ
ftr-442	232	43	each	each	DET
ftr-442	232	44	item	item	NOUN
ftr-442	232	45	of	of	ADP
ftr-442	232	46	partnership	partnership	NOUN
ftr-442	232	47	income	income	NOUN
ftr-442	232	48	,	,	PUNCT
ftr-442	232	49	deduction	deduction	NOUN
ftr-442	232	50	,	,	PUNCT
ftr-442	232	51	and	and	CCONJ
ftr-442	232	52	credit	credit	NOUN
ftr-442	232	53	be	be	AUX
ftr-442	232	54	allocated	allocate	VERB
ftr-442	232	55	in	in	ADP
ftr-442	232	56	proportion	proportion	NOUN
ftr-442	232	57	to	to	ADP
ftr-442	232	58	the	the	DET
ftr-442	232	59	partners	partner	NOUN
ftr-442	232	60	'	'	PART
ftr-442	232	61	interests	interest	NOUN
ftr-442	232	62	in	in	ADP
ftr-442	232	63	partnership	partnership	NOUN
ftr-442	232	64	capital	capital	NOUN
ftr-442	232	65	.	.	PUNCT
ftr-442	233	1	in	in	ADP
ftr-442	233	2	example	example	NOUN
ftr-442	233	3	2	2	NUM
ftr-442	233	4	,	,	PUNCT
ftr-442	233	5	this	this	DET
ftr-442	233	6	approach	approach	NOUN
ftr-442	233	7	would	would	AUX
ftr-442	233	8	require	require	VERB
ftr-442	233	9	that	that	SCONJ
ftr-442	233	10	allocations	allocation	NOUN
ftr-442	233	11	be	be	AUX
ftr-442	233	12	made	make	VERB
ftr-442	233	13	as	as	ADP
ftr-442	233	14	in	in	ADP
ftr-442	233	15	variation	variation	NOUN
ftr-442	233	16	2c	2c	NOUN
ftr-442	233	17	,	,	PUNCT
ftr-442	233	18	which	which	PRON
ftr-442	233	19	is	be	AUX
ftr-442	233	20	fully	fully	ADV
ftr-442	233	21	consistent	consistent	ADJ
ftr-442	233	22	with	with	ADP
ftr-442	233	23	the	the	DET
ftr-442	233	24	principle	principle	NOUN
ftr-442	233	25	of	of	ADP
ftr-442	233	26	section	section	NOUN
ftr-442	233	27	1286	1286	NUM
ftr-442	233	28	.	.	PUNCT
ftr-442	234	1	one	one	NUM
ftr-442	234	2	objection	objection	NOUN
ftr-442	234	3	to	to	ADP
ftr-442	234	4	this	this	DET
ftr-442	234	5	approach	approach	NOUN
ftr-442	234	6	is	be	AUX
ftr-442	234	7	that	that	SCONJ
ftr-442	234	8	,	,	PUNCT
ftr-442	234	9	in	in	ADP
ftr-442	234	10	many	many	ADJ
ftr-442	234	11	situations	situation	NOUN
ftr-442	234	12	,	,	PUNCT
ftr-442	234	13	it	it	PRON
ftr-442	234	14	would	would	AUX
ftr-442	234	15	put	put	VERB
ftr-442	234	16	partners	partner	NOUN
ftr-442	234	17	in	in	ADP
ftr-442	234	18	a	a	DET
ftr-442	234	19	tighter	tight	ADJ
ftr-442	234	20	straitjacket	straitjacket	NOUN
ftr-442	234	21	than	than	ADP
ftr-442	234	22	investors	investor	NOUN
ftr-442	234	23	making	make	VERB
ftr-442	234	24	similar	similar	ADJ
ftr-442	234	25	investments	investment	NOUN
ftr-442	234	26	in	in	ADP
ftr-442	234	27	other	other	ADJ
ftr-442	234	28	contexts	contexts	NOUN
ftr-442	234	29	.	.	PUNCT
ftr-442	235	1	for	for	ADP
ftr-442	235	2	instance	instance	NOUN
ftr-442	235	3	,	,	PUNCT
ftr-442	235	4	in	in	ADP
ftr-442	235	5	the	the	DET
ftr-442	235	6	partnership	partnership	NOUN
ftr-442	235	7	variation	variation	NOUN
ftr-442	235	8	of	of	ADP
ftr-442	235	9	example	example	NOUN
ftr-442	235	10	1	1	NUM
ftr-442	235	11	,	,	PUNCT
ftr-442	235	12	where	where	SCONJ
ftr-442	235	13	x	x	PUNCT
ftr-442	235	14	and	and	CCONJ
ftr-442	235	15	l	l	PROPN
ftr-442	235	16	invest	invest	VERB
ftr-442	235	17	$	$	SYM
ftr-442	235	18	138	138	NUM
ftr-442	235	19	and	and	CCONJ
ftr-442	235	20	$	$	SYM
ftr-442	235	21	713	713	NUM
ftr-442	235	22	,	,	PUNCT
ftr-442	235	23	respectively	respectively	ADV
ftr-442	235	24	,	,	PUNCT
ftr-442	235	25	in	in	ADP
ftr-442	235	26	a	a	DET
ftr-442	235	27	real	real	ADJ
ftr-442	235	28	estate	estate	NOUN
ftr-442	235	29	partnership	partnership	NOUN
ftr-442	235	30	,	,	PUNCT
ftr-442	235	31	a	a	DET
ftr-442	235	32	requirement	requirement	NOUN
ftr-442	235	33	that	that	SCONJ
ftr-442	235	34	allocations	allocation	NOUN
ftr-442	235	35	be	be	VERB
ftr-442	235	36	in	in	ADP
ftr-442	235	37	proportion	proportion	NOUN
ftr-442	235	38	to	to	ADP
ftr-442	235	39	income	income	NOUN
ftr-442	235	40	would	would	AUX
ftr-442	235	41	require	require	VERB
ftr-442	235	42	that	that	SCONJ
ftr-442	235	43	taxable	taxable	ADJ
ftr-442	235	44	income	income	NOUN
ftr-442	235	45	for	for	ADP
ftr-442	235	46	the	the	DET
ftr-442	235	47	first	first	ADJ
ftr-442	235	48	year	year	NOUN
ftr-442	235	49	be	be	AUX
ftr-442	235	50	allocated	allocate	VERB
ftr-442	235	51	83.8	83.8	NUM
ftr-442	235	52	%	%	NOUN
ftr-442	235	53	(	(	PUNCT
ftr-442	235	54	$	$	SYM
ftr-442	235	55	713/$851	713/$851	NUM
ftr-442	235	56	)	)	PUNCT
ftr-442	235	57	to	to	ADP
ftr-442	235	58	l	l	NOUN
ftr-442	235	59	and	and	CCONJ
ftr-442	235	60	16.2	16.2	NUM
ftr-442	235	61	%	%	NOUN
ftr-442	235	62	to	to	ADP
ftr-442	235	63	x	x	PRON
ftr-442	235	64	,	,	PUNCT
ftr-442	235	65	even	even	ADV
ftr-442	235	66	though	though	SCONJ
ftr-442	235	67	the	the	DET
ftr-442	235	68	partnership	partnership	NOUN
ftr-442	235	69	allocation	allocation	NOUN
ftr-442	235	70	agreement	agreement	NOUN
ftr-442	235	71	(	(	PUNCT
ftr-442	235	72	to	to	ADP
ftr-442	235	73	l	l	NOUN
ftr-442	235	74	to	to	ADP
ftr-442	235	75	the	the	DET
ftr-442	235	76	extent	extent	NOUN
ftr-442	235	77	of	of	ADP
ftr-442	235	78	8	8	NUM
ftr-442	235	79	%	%	NOUN
ftr-442	235	80	of	of	ADP
ftr-442	235	81	its	its	PRON
ftr-442	235	82	capital	capital	NOUN
ftr-442	235	83	account	account	NOUN
ftr-442	235	84	,	,	PUNCT
ftr-442	235	85	remainder	remainder	VERB
ftr-442	235	86	to	to	ADP
ftr-442	235	87	x	x	SYM
ftr-442	235	88	)	)	PUNCT
ftr-442	235	89	is	be	AUX
ftr-442	235	90	consistent	consistent	ADJ
ftr-442	235	91	with	with	ADP
ftr-442	235	92	the	the	DET
ftr-442	235	93	results	result	NOUN
ftr-442	235	94	of	of	ADP
ftr-442	235	95	a	a	DET
ftr-442	235	96	debt	debt	NOUN
ftr-442	235	97	-	-	PUNCT
ftr-442	235	98	financed	finance	VERB
ftr-442	235	99	investment	investment	NOUN
ftr-442	235	100	outside	outside	ADP
ftr-442	235	101	the	the	DET
ftr-442	235	102	partnership	partnership	NOUN
ftr-442	235	103	context	context	NOUN
ftr-442	235	104	.	.	PUNCT
ftr-442	236	1	also	also	ADV
ftr-442	236	2	,	,	PUNCT
ftr-442	236	3	this	this	DET
ftr-442	236	4	approach	approach	NOUN
ftr-442	236	5	would	would	AUX
ftr-442	236	6	be	be	AUX
ftr-442	236	7	awkward	awkward	ADJ
ftr-442	236	8	as	as	ADP
ftr-442	236	9	applied	apply	VERB
ftr-442	236	10	to	to	ADP
ftr-442	236	11	partnerships	partnership	NOUN
ftr-442	236	12	in	in	ADP
ftr-442	236	13	which	which	PRON
ftr-442	236	14	some	some	DET
ftr-442	236	15	partners	partner	NOUN
ftr-442	236	16	contribute	contribute	VERB
ftr-442	236	17	services	service	NOUN
ftr-442	236	18	and	and	CCONJ
ftr-442	236	19	other	other	ADJ
ftr-442	236	20	partners	partner	NOUN
ftr-442	236	21	contribute	contribute	VERB
ftr-442	236	22	money	money	NOUN
ftr-442	236	23	or	or	CCONJ
ftr-442	236	24	other	other	ADJ
ftr-442	236	25	property	property	NOUN
ftr-442	236	26	.	.	PUNCT
ftr-442	237	1	assume	assume	VERB
ftr-442	237	2	x	x	PUNCT
ftr-442	237	3	and	and	CCONJ
ftr-442	237	4	y	y	PROPN
ftr-442	237	5	form	form	VERB
ftr-442	237	6	a	a	DET
ftr-442	237	7	partnership	partnership	NOUN
ftr-442	237	8	to	to	PART
ftr-442	237	9	develop	develop	VERB
ftr-442	237	10	and	and	CCONJ
ftr-442	237	11	market	market	VERB
ftr-442	237	12	experimental	experimental	ADJ
ftr-442	237	13	electronic	electronic	ADJ
ftr-442	237	14	devices	device	NOUN
ftr-442	237	15	.	.	PUNCT
ftr-442	237	16	'	'	PUNCT
ftr-442	238	1	x	x	PRON
ftr-442	238	2	contributes	contribute	VERB
ftr-442	238	3	$	$	SYM
ftr-442	238	4	2,500	2,500	NUM
ftr-442	238	5	in	in	ADP
ftr-442	238	6	cash	cash	NOUN
ftr-442	238	7	and	and	CCONJ
ftr-442	238	8	agrees	agree	VERB
ftr-442	238	9	24	24	NUM
ftr-442	238	10	.	.	PUNCT
ftr-442	239	1	see	see	VERB
ftr-442	239	2	kwall	kwall	PROPN
ftr-442	239	3	,	,	PUNCT
ftr-442	239	4	supra	supra	PROPN
ftr-442	239	5	note	note	NOUN
ftr-442	239	6	5	5	NUM
ftr-442	239	7	,	,	PUNCT
ftr-442	239	8	at	at	ADP
ftr-442	239	9	243	243	NUM
ftr-442	239	10	-	-	SYM
ftr-442	239	11	44	44	NUM
ftr-442	239	12	.	.	PUNCT
ftr-442	240	1	subchapter	subchapter	NOUN
ftr-442	240	2	k	k	PROPN
ftr-442	240	3	permits	permit	VERB
ftr-442	240	4	allocations	allocation	NOUN
ftr-442	240	5	that	that	PRON
ftr-442	240	6	are	be	AUX
ftr-442	240	7	not	not	PART
ftr-442	240	8	proportionate	proportionate	ADJ
ftr-442	240	9	to	to	ADP
ftr-442	240	10	owners	owner	NOUN
ftr-442	240	11	'	'	PART
ftr-442	240	12	interests	interest	NOUN
ftr-442	240	13	and	and	CCONJ
ftr-442	240	14	allows	allow	VERB
ftr-442	240	15	allocation	allocation	NOUN
ftr-442	240	16	proportions	proportion	NOUN
ftr-442	240	17	to	to	PART
ftr-442	240	18	change	change	VERB
ftr-442	240	19	from	from	ADP
ftr-442	240	20	year	year	NOUN
ftr-442	240	21	to	to	ADP
ftr-442	240	22	year	year	NOUN
ftr-442	240	23	.	.	PUNCT
ftr-442	241	1	see	see	VERB
ftr-442	241	2	i	i	PRON
ftr-442	241	3	d.	d.	PROPN
ftr-442	241	4	at	at	ADP
ftr-442	241	5	243	243	NUM
ftr-442	241	6	.	.	PUNCT
ftr-442	242	1	the	the	DET
ftr-442	242	2	resulting	result	VERB
ftr-442	242	3	"	"	PUNCT
ftr-442	242	4	burden	burden	NOUN
ftr-442	242	5	fall[ingl	fall[ingl	NOUN
ftr-442	242	6	on	on	ADP
ftr-442	242	7	the	the	DET
ftr-442	242	8	tax	tax	NOUN
ftr-442	242	9	law	law	NOUN
ftr-442	242	10	to	to	PART
ftr-442	242	11	identify	identify	VERB
ftr-442	242	12	the	the	DET
ftr-442	242	13	economic	economic	ADJ
ftr-442	242	14	relations	relation	NOUN
ftr-442	242	15	of	of	ADP
ftr-442	242	16	the	the	DET
ftr-442	242	17	owners	owner	NOUN
ftr-442	242	18	...	...	PUNCT
ftr-442	242	19	inevitably	inevitably	ADV
ftr-442	242	20	is	be	AUX
ftr-442	242	21	quite	quite	ADV
ftr-442	242	22	complicated	complicated	ADJ
ftr-442	242	23	and	and	CCONJ
ftr-442	242	24	creates	create	VERB
ftr-442	242	25	potential	potential	ADJ
ftr-442	242	26	for	for	ADP
ftr-442	242	27	abuse	abuse	NOUN
ftr-442	242	28	.	.	PUNCT
ftr-442	242	29	"	"	PUNCT
ftr-442	243	1	i	i	PRON
ftr-442	243	2	d.	d.	VERB
ftr-442	243	3	trying	try	VERB
ftr-442	243	4	to	to	PART
ftr-442	243	5	"	"	PUNCT
ftr-442	243	6	perfect	perfect	VERB
ftr-442	243	7	[	[	X
ftr-442	243	8	]	]	X
ftr-442	243	9	such	such	DET
ftr-442	243	10	a	a	DET
ftr-442	243	11	system	system	NOUN
ftr-442	243	12	is	be	AUX
ftr-442	243	13	probably	probably	ADV
ftr-442	243	14	futile	futile	ADJ
ftr-442	243	15	because	because	SCONJ
ftr-442	243	16	the	the	DET
ftr-442	243	17	abuse	abuse	NOUN
ftr-442	243	18	potential	potential	NOUN
ftr-442	243	19	may	may	AUX
ftr-442	243	20	ultimately	ultimately	ADV
ftr-442	243	21	be	be	AUX
ftr-442	243	22	impossible	impossible	ADJ
ftr-442	243	23	to	to	PART
ftr-442	243	24	eliminate	eliminate	VERB
ftr-442	243	25	.	.	PUNCT
ftr-442	243	26	"	"	PUNCT
ftr-442	244	1	i	i	PRON
ftr-442	244	2	d.	d.	PROPN
ftr-442	244	3	at	at	ADP
ftr-442	244	4	244	244	NUM
ftr-442	244	5	.	.	PUNCT
ftr-442	245	1	25	25	NUM
ftr-442	245	2	.	.	PUNCT
ftr-442	246	1	see	see	VERB
ftr-442	246	2	regs	reg	NOUN
ftr-442	246	3	.	.	PUNCT
ftr-442	247	1	§	§	PROPN
ftr-442	247	2	1.704	1.704	NUM
ftr-442	247	3	-	-	NUM
ftr-442	247	4	1(b)(5	1(b)(5	NUM
ftr-442	247	5	)	)	PUNCT
ftr-442	247	6	,	,	PUNCT
ftr-442	247	7	ex	ex	NOUN
ftr-442	247	8	.	.	NOUN
ftr-442	247	9	3	3	NUM
ftr-442	247	10	.	.	NUM
ftr-442	247	11	19991	19991	NUM
ftr-442	247	12	florida	florida	PROPN
ftr-442	247	13	tax	tax	NOUN
ftr-442	247	14	review	review	NOUN
ftr-442	247	15	to	to	PART
ftr-442	247	16	work	work	VERB
ftr-442	247	17	full	full	ADJ
ftr-442	247	18	-	-	PUNCT
ftr-442	247	19	time	time	NOUN
ftr-442	247	20	in	in	ADP
ftr-442	247	21	the	the	DET
ftr-442	247	22	partnership	partnership	NOUN
ftr-442	247	23	's	's	PART
ftr-442	247	24	business	business	NOUN
ftr-442	247	25	;	;	PUNCT
ftr-442	247	26	y	y	PRON
ftr-442	247	27	contributes	contribute	VERB
ftr-442	247	28	$	$	SYM
ftr-442	247	29	100,000	100,000	NUM
ftr-442	247	30	in	in	ADP
ftr-442	247	31	cash	cash	NOUN
ftr-442	247	32	and	and	CCONJ
ftr-442	247	33	is	be	AUX
ftr-442	247	34	not	not	PART
ftr-442	247	35	expected	expect	VERB
ftr-442	247	36	to	to	PART
ftr-442	247	37	participate	participate	VERB
ftr-442	247	38	actively	actively	ADV
ftr-442	247	39	in	in	ADP
ftr-442	247	40	the	the	DET
ftr-442	247	41	business	business	NOUN
ftr-442	247	42	.	.	PUNCT
ftr-442	248	1	under	under	ADP
ftr-442	248	2	the	the	DET
ftr-442	248	3	partnership	partnership	NOUN
ftr-442	248	4	agreement	agreement	NOUN
ftr-442	248	5	,	,	PUNCT
ftr-442	248	6	deductions	deduction	NOUN
ftr-442	248	7	for	for	ADP
ftr-442	248	8	research	research	NOUN
ftr-442	248	9	and	and	CCONJ
ftr-442	248	10	development	development	NOUN
ftr-442	248	11	costs	cost	NOUN
ftr-442	248	12	are	be	AUX
ftr-442	248	13	allocated	allocate	VERB
ftr-442	248	14	to	to	ADP
ftr-442	248	15	y	y	PROPN
ftr-442	248	16	,	,	PUNCT
ftr-442	248	17	and	and	CCONJ
ftr-442	248	18	partnership	partnership	NOUN
ftr-442	248	19	income	income	NOUN
ftr-442	248	20	and	and	CCONJ
ftr-442	248	21	loss	loss	NOUN
ftr-442	248	22	,	,	PUNCT
ftr-442	248	23	exclusive	exclusive	ADJ
ftr-442	248	24	of	of	ADP
ftr-442	248	25	these	these	DET
ftr-442	248	26	costs	cost	NOUN
ftr-442	248	27	,	,	PUNCT
ftr-442	248	28	is	be	AUX
ftr-442	248	29	allocated	allocate	VERB
ftr-442	248	30	99	99	NUM
ftr-442	248	31	%	%	NOUN
ftr-442	248	32	to	to	ADP
ftr-442	248	33	y	y	PROPN
ftr-442	248	34	and	and	CCONJ
ftr-442	248	35	1	1	NUM
ftr-442	248	36	%	%	NOUN
ftr-442	248	37	to	to	PART
ftr-442	248	38	x	x	PUNCT
ftr-442	248	39	until	until	SCONJ
ftr-442	248	40	the	the	DET
ftr-442	248	41	income	income	NOUN
ftr-442	248	42	allocations	allocation	NOUN
ftr-442	248	43	to	to	ADP
ftr-442	248	44	y	y	PROPN
ftr-442	248	45	have	have	AUX
ftr-442	248	46	fully	fully	ADV
ftr-442	248	47	recouped	recoup	VERB
ftr-442	248	48	the	the	DET
ftr-442	248	49	r&d	r&d	NOUN
ftr-442	248	50	and	and	CCONJ
ftr-442	248	51	loss	loss	NOUN
ftr-442	248	52	allocations	allocation	NOUN
ftr-442	248	53	to	to	ADP
ftr-442	248	54	y	y	PRON
ftr-442	248	55	;	;	PUNCT
ftr-442	248	56	thereafter	thereafter	ADV
ftr-442	248	57	,	,	PUNCT
ftr-442	248	58	x	x	PUNCT
ftr-442	248	59	and	and	CCONJ
ftr-442	248	60	y	y	PROPN
ftr-442	248	61	will	will	AUX
ftr-442	248	62	share	share	VERB
ftr-442	248	63	partnership	partnership	NOUN
ftr-442	248	64	income	income	NOUN
ftr-442	248	65	and	and	CCONJ
ftr-442	248	66	loss	loss	NOUN
ftr-442	248	67	equally	equally	ADV
ftr-442	248	68	.	.	PUNCT
ftr-442	249	1	a	a	DET
ftr-442	249	2	proportionate	proportionate	ADJ
ftr-442	249	3	-	-	PUNCT
ftr-442	249	4	to	to	ADP
ftr-442	249	5	-	-	PUNCT
ftr-442	249	6	capital	capital	NOUN
ftr-442	249	7	approach	approach	NOUN
ftr-442	249	8	would	would	AUX
ftr-442	249	9	require	require	VERB
ftr-442	249	10	that	that	SCONJ
ftr-442	249	11	all	all	DET
ftr-442	249	12	items	item	NOUN
ftr-442	249	13	of	of	ADP
ftr-442	249	14	gross	gross	ADJ
ftr-442	249	15	income	income	NOUN
ftr-442	249	16	and	and	CCONJ
ftr-442	249	17	deduction	deduction	NOUN
ftr-442	249	18	be	be	AUX
ftr-442	249	19	allocated	allocate	VERB
ftr-442	249	20	in	in	ADP
ftr-442	249	21	the	the	DET
ftr-442	249	22	proportions	proportion	NOUN
ftr-442	249	23	$	$	SYM
ftr-442	249	24	2,500	2,500	NUM
ftr-442	249	25	to	to	PART
ftr-442	249	26	$	$	SYM
ftr-442	249	27	100,000	100,000	NUM
ftr-442	249	28	,	,	PUNCT
ftr-442	249	29	approximately	approximately	ADV
ftr-442	249	30	2	2	NUM
ftr-442	249	31	%	%	NOUN
ftr-442	249	32	to	to	PART
ftr-442	249	33	x	x	NOUN
ftr-442	249	34	and	and	CCONJ
ftr-442	249	35	98	98	NUM
ftr-442	249	36	%	%	NOUN
ftr-442	249	37	to	to	PART
ftr-442	249	38	y.	y.	VERB
ftr-442	249	39	the	the	DET
ftr-442	249	40	results	result	NOUN
ftr-442	249	41	are	be	AUX
ftr-442	249	42	not	not	PART
ftr-442	249	43	radically	radically	ADV
ftr-442	249	44	different	different	ADJ
ftr-442	249	45	from	from	ADP
ftr-442	249	46	the	the	DET
ftr-442	249	47	partners	partner	NOUN
ftr-442	249	48	'	'	PART
ftr-442	249	49	agreement	agreement	NOUN
ftr-442	249	50	on	on	ADP
ftr-442	249	51	the	the	DET
ftr-442	249	52	allocation	allocation	NOUN
ftr-442	249	53	of	of	ADP
ftr-442	249	54	r&d	r&d	NOUN
ftr-442	249	55	costs	cost	NOUN
ftr-442	249	56	and	and	CCONJ
ftr-442	249	57	start	start	VERB
ftr-442	249	58	-	-	PUNCT
ftr-442	249	59	up	up	ADP
ftr-442	249	60	losses	loss	NOUN
ftr-442	249	61	,	,	PUNCT
ftr-442	249	62	but	but	CCONJ
ftr-442	249	63	x	x	X
ftr-442	249	64	is	be	AUX
ftr-442	249	65	prevented	prevent	VERB
ftr-442	249	66	from	from	ADP
ftr-442	249	67	sharing	share	VERB
ftr-442	249	68	more	more	ADJ
ftr-442	249	69	than	than	ADP
ftr-442	249	70	minimally	minimally	ADV
ftr-442	249	71	in	in	ADP
ftr-442	249	72	partnership	partnership	NOUN
ftr-442	249	73	taxable	taxable	ADJ
ftr-442	249	74	income	income	NOUN
ftr-442	249	75	after	after	SCONJ
ftr-442	249	76	these	these	DET
ftr-442	249	77	costs	cost	NOUN
ftr-442	249	78	and	and	CCONJ
ftr-442	249	79	losses	loss	NOUN
ftr-442	249	80	have	have	AUX
ftr-442	249	81	been	be	AUX
ftr-442	249	82	made	make	VERB
ftr-442	249	83	up	up	ADP
ftr-442	249	84	.	.	PUNCT
ftr-442	250	1	assume	assume	VERB
ftr-442	250	2	the	the	DET
ftr-442	250	3	xy	xy	PROPN
ftr-442	250	4	partnership	partnership	NOUN
ftr-442	250	5	expends	expend	VERB
ftr-442	250	6	all	all	PRON
ftr-442	250	7	of	of	ADP
ftr-442	250	8	the	the	DET
ftr-442	250	9	capital	capital	NOUN
ftr-442	250	10	contributions	contribution	NOUN
ftr-442	250	11	in	in	ADP
ftr-442	250	12	research	research	NOUN
ftr-442	250	13	and	and	CCONJ
ftr-442	250	14	development	development	NOUN
ftr-442	250	15	during	during	ADP
ftr-442	250	16	year	year	NOUN
ftr-442	250	17	1	1	NUM
ftr-442	250	18	,	,	PUNCT
ftr-442	250	19	but	but	CCONJ
ftr-442	250	20	thereafter	thereafter	ADV
ftr-442	250	21	has	have	VERB
ftr-442	250	22	taxable	taxable	ADJ
ftr-442	250	23	income	income	NOUN
ftr-442	250	24	of	of	ADP
ftr-442	250	25	$	$	SYM
ftr-442	250	26	102,500	102,500	NUM
ftr-442	250	27	annually	annually	ADV
ftr-442	250	28	.	.	PUNCT
ftr-442	251	1	the	the	DET
ftr-442	251	2	allocations	allocation	NOUN
ftr-442	251	3	for	for	ADP
ftr-442	251	4	year	year	NOUN
ftr-442	251	5	2	2	NUM
ftr-442	251	6	restore	restore	VERB
ftr-442	251	7	the	the	DET
ftr-442	251	8	partners	partner	NOUN
ftr-442	251	9	'	'	PART
ftr-442	251	10	capital	capital	NOUN
ftr-442	251	11	accounts	account	NOUN
ftr-442	251	12	to	to	ADP
ftr-442	251	13	$	$	SYM
ftr-442	251	14	2,500	2,500	NUM
ftr-442	251	15	and	and	CCONJ
ftr-442	251	16	$	$	SYM
ftr-442	251	17	100,000	100,000	NUM
ftr-442	251	18	,	,	PUNCT
ftr-442	251	19	more	more	ADJ
ftr-442	251	20	or	or	CCONJ
ftr-442	251	21	less	less	ADV
ftr-442	251	22	consistently	consistently	ADV
ftr-442	251	23	with	with	ADP
ftr-442	251	24	the	the	DET
ftr-442	251	25	partners	partner	NOUN
ftr-442	251	26	'	'	PART
ftr-442	251	27	agreement	agreement	NOUN
ftr-442	251	28	.	.	PUNCT
ftr-442	252	1	however	however	ADV
ftr-442	252	2	,	,	PUNCT
ftr-442	252	3	for	for	ADP
ftr-442	252	4	year	year	NOUN
ftr-442	252	5	3	3	NUM
ftr-442	252	6	and	and	CCONJ
ftr-442	252	7	later	later	ADJ
ftr-442	252	8	years	year	NOUN
ftr-442	252	9	,	,	PUNCT
ftr-442	252	10	partnership	partnership	NOUN
ftr-442	252	11	income	income	NOUN
ftr-442	252	12	is	be	AUX
ftr-442	252	13	split	split	VERB
ftr-442	252	14	$	$	SYM
ftr-442	252	15	2,500	2,500	NUM
ftr-442	252	16	to	to	PART
ftr-442	252	17	x	x	NOUN
ftr-442	252	18	and	and	CCONJ
ftr-442	252	19	$	$	SYM
ftr-442	252	20	100,000	100,000	NUM
ftr-442	252	21	to	to	ADP
ftr-442	252	22	y	y	PRON
ftr-442	252	23	,	,	PUNCT
ftr-442	252	24	even	even	ADV
ftr-442	252	25	though	though	SCONJ
ftr-442	252	26	the	the	DET
ftr-442	252	27	partners	partner	NOUN
ftr-442	252	28	have	have	AUX
ftr-442	252	29	agreed	agree	VERB
ftr-442	252	30	to	to	PART
ftr-442	252	31	share	share	VERB
ftr-442	252	32	this	this	DET
ftr-442	252	33	income	income	NOUN
ftr-442	252	34	equally	equally	ADV
ftr-442	252	35	.	.	PUNCT
ftr-442	253	1	if	if	SCONJ
ftr-442	253	2	the	the	DET
ftr-442	253	3	partnership	partnership	NOUN
ftr-442	253	4	makes	make	VERB
ftr-442	253	5	significant	significant	ADJ
ftr-442	253	6	distributions	distribution	NOUN
ftr-442	253	7	of	of	ADP
ftr-442	253	8	income	income	NOUN
ftr-442	253	9	allocated	allocate	VERB
ftr-442	253	10	under	under	ADP
ftr-442	253	11	the	the	DET
ftr-442	253	12	partnership	partnership	NOUN
ftr-442	253	13	agreement	agreement	NOUN
ftr-442	253	14	,	,	PUNCT
ftr-442	253	15	x	x	PROPN
ftr-442	253	16	's	's	PART
ftr-442	253	17	capital	capital	NOUN
ftr-442	253	18	account	account	NOUN
ftr-442	253	19	will	will	AUX
ftr-442	253	20	quickly	quickly	ADV
ftr-442	253	21	go	go	VERB
ftr-442	253	22	into	into	ADP
ftr-442	253	23	deficit	deficit	NOUN
ftr-442	253	24	,	,	PUNCT
ftr-442	253	25	thereby	thereby	ADV
ftr-442	253	26	ending	end	VERB
ftr-442	253	27	all	all	DET
ftr-442	253	28	allocations	allocation	NOUN
ftr-442	253	29	of	of	ADP
ftr-442	253	30	taxable	taxable	ADJ
ftr-442	253	31	income	income	NOUN
ftr-442	253	32	to	to	PART
ftr-442	253	33	x.	x.	VERB
ftr-442	253	34	over	over	ADP
ftr-442	253	35	time	time	NOUN
ftr-442	253	36	,	,	PUNCT
ftr-442	253	37	y	y	PROPN
ftr-442	253	38	would	would	AUX
ftr-442	253	39	be	be	AUX
ftr-442	253	40	taxed	tax	VERB
ftr-442	253	41	on	on	ADP
ftr-442	253	42	huge	huge	ADJ
ftr-442	253	43	amounts	amount	NOUN
ftr-442	253	44	that	that	PRON
ftr-442	253	45	are	be	AUX
ftr-442	253	46	distributable	distributable	ADJ
ftr-442	253	47	to	to	PART
ftr-442	253	48	x	x	VERB
ftr-442	253	49	under	under	ADP
ftr-442	253	50	the	the	DET
ftr-442	253	51	partnership	partnership	NOUN
ftr-442	253	52	agreement	agreement	NOUN
ftr-442	253	53	.	.	PUNCT
ftr-442	254	1	the	the	DET
ftr-442	254	2	problem	problem	NOUN
ftr-442	254	3	in	in	ADP
ftr-442	254	4	this	this	DET
ftr-442	254	5	case	case	NOUN
ftr-442	254	6	is	be	AUX
ftr-442	254	7	that	that	SCONJ
ftr-442	254	8	x	x	NOUN
ftr-442	254	9	's	's	PART
ftr-442	254	10	principal	principal	ADJ
ftr-442	254	11	contribution	contribution	NOUN
ftr-442	254	12	to	to	ADP
ftr-442	254	13	the	the	DET
ftr-442	254	14	partnership	partnership	NOUN
ftr-442	254	15	,	,	PUNCT
ftr-442	254	16	her	her	PRON
ftr-442	254	17	services	service	NOUN
ftr-442	254	18	,	,	PUNCT
ftr-442	254	19	is	be	AUX
ftr-442	254	20	not	not	PART
ftr-442	254	21	recognized	recognize	VERB
ftr-442	254	22	in	in	ADP
ftr-442	254	23	the	the	DET
ftr-442	254	24	allocations	allocation	NOUN
ftr-442	254	25	.	.	PUNCT
ftr-442	255	1	arguably	arguably	ADV
ftr-442	255	2	,	,	PUNCT
ftr-442	255	3	this	this	DET
ftr-442	255	4	problem	problem	NOUN
ftr-442	255	5	could	could	AUX
ftr-442	255	6	be	be	AUX
ftr-442	255	7	overcome	overcome	VERB
ftr-442	255	8	by	by	ADP
ftr-442	255	9	treating	treat	VERB
ftr-442	255	10	profit	profit	NOUN
ftr-442	255	11	shares	share	NOUN
ftr-442	255	12	based	base	VERB
ftr-442	255	13	on	on	ADP
ftr-442	255	14	contributions	contribution	NOUN
ftr-442	255	15	of	of	ADP
ftr-442	255	16	services	service	NOUN
ftr-442	255	17	much	much	ADJ
ftr-442	255	18	as	as	ADP
ftr-442	255	19	guaranteed	guarantee	VERB
ftr-442	255	20	payments	payment	NOUN
ftr-442	255	21	are	be	AUX
ftr-442	255	22	treated	treat	VERB
ftr-442	255	23	under	under	ADP
ftr-442	255	24	present	present	ADJ
ftr-442	255	25	law	law	NOUN
ftr-442	255	26	-	-	PUNCT
ftr-442	255	27	that	that	ADV
ftr-442	255	28	is	be	AUX
ftr-442	255	29	,	,	PUNCT
ftr-442	255	30	by	by	ADP
ftr-442	255	31	taxing	tax	VERB
ftr-442	255	32	services	service	NOUN
ftr-442	255	33	partners	partner	NOUN
ftr-442	255	34	on	on	ADP
ftr-442	255	35	their	their	PRON
ftr-442	255	36	profit	profit	NOUN
ftr-442	255	37	shares	share	NOUN
ftr-442	255	38	and	and	CCONJ
ftr-442	255	39	allowing	allow	VERB
ftr-442	255	40	these	these	DET
ftr-442	255	41	shares	share	NOUN
ftr-442	255	42	as	as	ADP
ftr-442	255	43	deductions	deduction	NOUN
ftr-442	255	44	in	in	ADP
ftr-442	255	45	computing	compute	VERB
ftr-442	255	46	the	the	DET
ftr-442	255	47	partnership	partnership	NOUN
ftr-442	255	48	taxable	taxable	ADJ
ftr-442	255	49	income	income	NOUN
ftr-442	255	50	to	to	PART
ftr-442	255	51	be	be	AUX
ftr-442	255	52	allocated	allocate	VERB
ftr-442	255	53	in	in	ADP
ftr-442	255	54	proportion	proportion	NOUN
ftr-442	255	55	to	to	ADP
ftr-442	255	56	capital	capital	NOUN
ftr-442	255	57	.	.	PUNCT
ftr-442	256	1	however	however	ADV
ftr-442	256	2	,	,	PUNCT
ftr-442	256	3	as	as	SCONJ
ftr-442	256	4	the	the	DET
ftr-442	256	5	example	example	NOUN
ftr-442	256	6	illustrates	illustrate	VERB
ftr-442	256	7	,	,	PUNCT
ftr-442	256	8	this	this	DET
ftr-442	256	9	approach	approach	NOUN
ftr-442	256	10	is	be	AUX
ftr-442	256	11	not	not	PART
ftr-442	256	12	very	very	ADV
ftr-442	256	13	satisfactory	satisfactory	ADJ
ftr-442	256	14	if	if	SCONJ
ftr-442	256	15	a	a	DET
ftr-442	256	16	services	service	NOUN
ftr-442	256	17	partner	partner	NOUN
ftr-442	256	18	also	also	ADV
ftr-442	256	19	contributes	contribute	VERB
ftr-442	256	20	capital	capital	NOUN
ftr-442	256	21	and	and	CCONJ
ftr-442	256	22	the	the	DET
ftr-442	256	23	partnership	partnership	NOUN
ftr-442	256	24	agreement	agreement	NOUN
ftr-442	256	25	does	do	AUX
ftr-442	256	26	not	not	PART
ftr-442	256	27	segregate	segregate	VERB
ftr-442	256	28	profit	profit	NOUN
ftr-442	256	29	shares	share	NOUN
ftr-442	256	30	for	for	ADP
ftr-442	256	31	,	,	PUNCT
ftr-442	256	32	respectively	respectively	ADV
ftr-442	256	33	,	,	PUNCT
ftr-442	256	34	the	the	DET
ftr-442	256	35	services	service	NOUN
ftr-442	256	36	and	and	CCONJ
ftr-442	256	37	the	the	DET
ftr-442	256	38	capital	capital	NOUN
ftr-442	256	39	contributions	contribution	NOUN
ftr-442	256	40	.	.	PUNCT
ftr-442	257	1	if	if	SCONJ
ftr-442	257	2	x	x	NOUN
ftr-442	257	3	's	's	PART
ftr-442	257	4	50	50	NUM
ftr-442	257	5	%	%	NOUN
ftr-442	257	6	share	share	NOUN
ftr-442	257	7	of	of	ADP
ftr-442	257	8	profits	profit	NOUN
ftr-442	257	9	were	be	AUX
ftr-442	257	10	treated	treat	VERB
ftr-442	257	11	as	as	ADP
ftr-442	257	12	a	a	DET
ftr-442	257	13	guaranteed	guarantee	VERB
ftr-442	257	14	payment	payment	NOUN
ftr-442	257	15	,	,	PUNCT
ftr-442	257	16	the	the	DET
ftr-442	257	17	remaining	remain	VERB
ftr-442	257	18	50	50	NUM
ftr-442	257	19	%	%	NOUN
ftr-442	257	20	of	of	ADP
ftr-442	257	21	partnership	partnership	NOUN
ftr-442	257	22	profits	profit	NOUN
ftr-442	257	23	would	would	AUX
ftr-442	257	24	be	be	AUX
ftr-442	257	25	shared	share	VERB
ftr-442	257	26	25	25	NUM
ftr-442	257	27	of	of	ADP
ftr-442	257	28	1,025	1,025	NUM
ftr-442	257	29	by	by	ADP
ftr-442	257	30	x	x	NOUN
ftr-442	257	31	and	and	CCONJ
ftr-442	257	32	1,000	1,000	NUM
ftr-442	257	33	of	of	ADP
ftr-442	257	34	1,025	1,025	NUM
ftr-442	257	35	by	by	ADP
ftr-442	257	36	y	y	PROPN
ftr-442	257	37	,	,	PUNCT
ftr-442	257	38	yielding	yield	VERB
ftr-442	257	39	results	result	NOUN
ftr-442	257	40	close	close	ADJ
ftr-442	257	41	to	to	ADP
ftr-442	257	42	those	those	PRON
ftr-442	257	43	of	of	ADP
ftr-442	257	44	the	the	DET
ftr-442	257	45	partnership	partnership	NOUN
ftr-442	257	46	agreement	agreement	NOUN
ftr-442	257	47	only	only	ADV
ftr-442	257	48	because	because	SCONJ
ftr-442	257	49	x	x	PROPN
ftr-442	257	50	's	's	PART
ftr-442	257	51	capital	capital	NOUN
ftr-442	257	52	contribution	contribution	NOUN
ftr-442	257	53	is	be	AUX
ftr-442	257	54	very	very	ADV
ftr-442	257	55	small	small	ADJ
ftr-442	257	56	in	in	ADP
ftr-442	257	57	relation	relation	NOUN
ftr-442	257	58	to	to	PART
ftr-442	257	59	ys	ys	VERB
ftr-442	257	60	.	.	PUNCT
ftr-442	258	1	this	this	DET
ftr-442	258	2	approach	approach	NOUN
ftr-442	258	3	would	would	AUX
ftr-442	258	4	also	also	ADV
ftr-442	258	5	do	do	VERB
ftr-442	258	6	a	a	DET
ftr-442	258	7	relatively	relatively	ADV
ftr-442	258	8	poor	poor	ADJ
ftr-442	258	9	job	job	NOUN
ftr-442	258	10	of	of	ADP
ftr-442	258	11	reflecting	reflect	VERB
ftr-442	258	12	the	the	DET
ftr-442	258	13	partners	partner	NOUN
ftr-442	258	14	'	'	PART
ftr-442	258	15	interests	interest	NOUN
ftr-442	258	16	where	where	SCONJ
ftr-442	258	17	the	the	DET
ftr-442	258	18	partners	partner	NOUN
ftr-442	258	19	do	do	AUX
ftr-442	258	20	not	not	PART
ftr-442	258	21	share	share	VERB
ftr-442	258	22	investment	investment	NOUN
ftr-442	258	23	risks	risk	NOUN
ftr-442	258	24	in	in	ADP
ftr-442	258	25	proportion	proportion	NOUN
ftr-442	258	26	to	to	ADP
ftr-442	258	27	capital	capital	NOUN
ftr-442	258	28	contributions	contribution	NOUN
ftr-442	258	29	,	,	PUNCT
ftr-442	258	30	as	as	SCONJ
ftr-442	258	31	developed	develop	VERB
ftr-442	258	32	below	below	ADV
ftr-442	258	33	in	in	ADP
ftr-442	258	34	example	example	NOUN
ftr-442	258	35	3	3	NUM
ftr-442	258	36	.	.	NOUN
ftr-442	258	37	example	example	NOUN
ftr-442	259	1	3	3	X
ftr-442	259	2	.	.	PUNCT
ftr-442	260	1	the	the	DET
ftr-442	260	2	xy	xy	PROPN
ftr-442	260	3	partnership	partnership	NOUN
ftr-442	260	4	purchases	purchase	VERB
ftr-442	260	5	undeveloped	undeveloped	ADJ
ftr-442	260	6	land	land	NOUN
ftr-442	260	7	for	for	ADP
ftr-442	260	8	$	$	SYM
ftr-442	260	9	10,000	10,000	NUM
ftr-442	260	10	.	.	PUNCT
ftr-442	261	1	y	y	NOUN
ftr-442	261	2	invests	invest	NOUN
ftr-442	261	3	in	in	ADP
ftr-442	261	4	the	the	DET
ftr-442	261	5	partnership	partnership	NOUN
ftr-442	261	6	primarily	primarily	ADV
ftr-442	261	7	for	for	ADP
ftr-442	261	8	the	the	DET
ftr-442	261	9	opportunity	opportunity	NOUN
ftr-442	261	10	to	to	PART
ftr-442	261	11	share	share	VERB
ftr-442	261	12	in	in	ADP
ftr-442	261	13	[	[	X
ftr-442	261	14	vol	vol	NOUN
ftr-442	261	15	4:3	4:3	NUM
ftr-442	261	16	taxation	taxation	NOUN
ftr-442	261	17	of	of	ADP
ftr-442	261	18	private	private	ADJ
ftr-442	261	19	business	business	NOUN
ftr-442	261	20	firms	firm	NOUN
ftr-442	261	21	appreciation	appreciation	NOUN
ftr-442	261	22	in	in	ADP
ftr-442	261	23	the	the	DET
ftr-442	261	24	property	property	NOUN
ftr-442	261	25	's	's	PART
ftr-442	261	26	value	value	NOUN
ftr-442	261	27	,	,	PUNCT
ftr-442	261	28	while	while	SCONJ
ftr-442	261	29	x	x	PRON
ftr-442	261	30	is	be	AUX
ftr-442	261	31	primarily	primarily	ADV
ftr-442	261	32	interested	interested	ADJ
ftr-442	261	33	in	in	ADP
ftr-442	261	34	the	the	DET
ftr-442	261	35	more	more	ADV
ftr-442	261	36	certain	certain	ADJ
ftr-442	261	37	,	,	PUNCT
ftr-442	261	38	but	but	CCONJ
ftr-442	261	39	relatively	relatively	ADV
ftr-442	261	40	small	small	ADJ
ftr-442	261	41	return	return	NOUN
ftr-442	261	42	that	that	PRON
ftr-442	261	43	will	will	AUX
ftr-442	261	44	be	be	AUX
ftr-442	261	45	earned	earn	VERB
ftr-442	261	46	by	by	ADP
ftr-442	261	47	leasing	lease	VERB
ftr-442	261	48	the	the	DET
ftr-442	261	49	land	land	NOUN
ftr-442	261	50	for	for	ADP
ftr-442	261	51	agricultural	agricultural	ADJ
ftr-442	261	52	use	use	NOUN
ftr-442	261	53	(	(	PUNCT
ftr-442	261	54	expected	expect	VERB
ftr-442	261	55	to	to	PART
ftr-442	261	56	be	be	AUX
ftr-442	261	57	$	$	SYM
ftr-442	261	58	80	80	NUM
ftr-442	261	59	annually	annually	ADV
ftr-442	261	60	)	)	PUNCT
ftr-442	261	61	.	.	PUNCT
ftr-442	262	1	x	x	PRON
ftr-442	262	2	contributes	contribute	VERB
ftr-442	262	3	$	$	SYM
ftr-442	262	4	1,000	1,000	NUM
ftr-442	262	5	to	to	ADP
ftr-442	262	6	the	the	DET
ftr-442	262	7	partnership	partnership	NOUN
ftr-442	262	8	,	,	PUNCT
ftr-442	262	9	and	and	CCONJ
ftr-442	262	10	y	y	PRON
ftr-442	262	11	contributes	contribute	VERB
ftr-442	262	12	$	$	SYM
ftr-442	262	13	9,000	9,000	NUM
ftr-442	262	14	.	.	PUNCT
ftr-442	262	15	partnership	partnership	NOUN
ftr-442	262	16	profits	profit	NOUN
ftr-442	262	17	and	and	CCONJ
ftr-442	262	18	losses	loss	NOUN
ftr-442	262	19	from	from	ADP
ftr-442	262	20	rental	rental	NOUN
ftr-442	262	21	of	of	ADP
ftr-442	262	22	the	the	DET
ftr-442	262	23	land	land	NOUN
ftr-442	262	24	are	be	AUX
ftr-442	262	25	allocable	allocable	ADJ
ftr-442	262	26	99	99	NUM
ftr-442	262	27	%	%	NOUN
ftr-442	262	28	to	to	ADP
ftr-442	262	29	x	x	PROPN
ftr-442	262	30	and	and	CCONJ
ftr-442	262	31	1	1	NUM
ftr-442	262	32	%	%	NOUN
ftr-442	262	33	to	to	ADP
ftr-442	262	34	y	y	PROPN
ftr-442	262	35	,	,	PUNCT
ftr-442	262	36	and	and	CCONJ
ftr-442	262	37	profits	profit	NOUN
ftr-442	262	38	and	and	CCONJ
ftr-442	262	39	losses	loss	NOUN
ftr-442	262	40	on	on	ADP
ftr-442	262	41	the	the	DET
ftr-442	262	42	land	land	NOUN
ftr-442	262	43	's	's	PART
ftr-442	262	44	sale	sale	NOUN
ftr-442	262	45	,	,	PUNCT
ftr-442	262	46	which	which	PRON
ftr-442	262	47	may	may	AUX
ftr-442	262	48	not	not	PART
ftr-442	262	49	occur	occur	VERB
ftr-442	262	50	sooner	soon	ADJ
ftr-442	262	51	than	than	ADP
ftr-442	262	52	10	10	NUM
ftr-442	262	53	years	year	NOUN
ftr-442	262	54	after	after	ADP
ftr-442	262	55	the	the	DET
ftr-442	262	56	partnership	partnership	NOUN
ftr-442	262	57	's	's	PART
ftr-442	262	58	organization	organization	NOUN
ftr-442	262	59	,	,	PUNCT
ftr-442	262	60	are	be	AUX
ftr-442	262	61	allocable	allocable	ADJ
ftr-442	262	62	1	1	NUM
ftr-442	262	63	%	%	NOUN
ftr-442	262	64	to	to	PART
ftr-442	262	65	x	x	PROPN
ftr-442	262	66	and	and	CCONJ
ftr-442	262	67	99	99	NUM
ftr-442	262	68	%	%	NOUN
ftr-442	262	69	to	to	PART
ftr-442	262	70	y.	y.	NOUN
ftr-442	262	71	all	all	DET
ftr-442	262	72	allocations	allocation	NOUN
ftr-442	262	73	are	be	AUX
ftr-442	262	74	to	to	PART
ftr-442	262	75	be	be	AUX
ftr-442	262	76	recorded	record	VERB
ftr-442	262	77	in	in	ADP
ftr-442	262	78	the	the	DET
ftr-442	262	79	partners	partner	NOUN
ftr-442	262	80	'	'	PART
ftr-442	262	81	capital	capital	NOUN
ftr-442	262	82	accounts	account	NOUN
ftr-442	262	83	,	,	PUNCT
ftr-442	262	84	profits	profit	NOUN
ftr-442	262	85	are	be	AUX
ftr-442	262	86	to	to	PART
ftr-442	262	87	be	be	AUX
ftr-442	262	88	distributed	distribute	VERB
ftr-442	262	89	as	as	SCONJ
ftr-442	262	90	realized	realize	VERB
ftr-442	262	91	in	in	ADP
ftr-442	262	92	the	the	DET
ftr-442	262	93	proportions	proportion	NOUN
ftr-442	262	94	allocated	allocate	VERB
ftr-442	262	95	to	to	ADP
ftr-442	262	96	the	the	DET
ftr-442	262	97	partners	partner	NOUN
ftr-442	262	98	,	,	PUNCT
ftr-442	262	99	and	and	CCONJ
ftr-442	262	100	the	the	DET
ftr-442	262	101	partnership	partnership	NOUN
ftr-442	262	102	is	be	AUX
ftr-442	262	103	to	to	PART
ftr-442	262	104	be	be	AUX
ftr-442	262	105	liquidated	liquidate	VERB
ftr-442	262	106	immediately	immediately	ADV
ftr-442	262	107	after	after	ADP
ftr-442	262	108	the	the	DET
ftr-442	262	109	land	land	NOUN
ftr-442	262	110	's	's	PART
ftr-442	262	111	sale	sale	NOUN
ftr-442	262	112	by	by	ADP
ftr-442	262	113	distributing	distribute	VERB
ftr-442	262	114	to	to	ADP
ftr-442	262	115	each	each	DET
ftr-442	262	116	partner	partner	NOUN
ftr-442	262	117	the	the	DET
ftr-442	262	118	balance	balance	NOUN
ftr-442	262	119	in	in	ADP
ftr-442	262	120	her	her	PRON
ftr-442	262	121	capital	capital	NOUN
ftr-442	262	122	account	account	NOUN
ftr-442	262	123	.	.	PUNCT
ftr-442	263	1	if	if	SCONJ
ftr-442	263	2	the	the	DET
ftr-442	263	3	partnership	partnership	NOUN
ftr-442	263	4	sells	sell	VERB
ftr-442	263	5	the	the	DET
ftr-442	263	6	land	land	NOUN
ftr-442	263	7	on	on	ADP
ftr-442	263	8	the	the	DET
ftr-442	263	9	first	first	ADJ
ftr-442	263	10	day	day	NOUN
ftr-442	263	11	of	of	ADP
ftr-442	263	12	the	the	DET
ftr-442	263	13	eleventh	eleventh	ADJ
ftr-442	263	14	year	year	NOUN
ftr-442	263	15	for	for	ADP
ftr-442	263	16	$	$	SYM
ftr-442	263	17	15,000	15,000	NUM
ftr-442	263	18	,	,	PUNCT
ftr-442	263	19	recognizing	recognize	VERB
ftr-442	263	20	gain	gain	NOUN
ftr-442	263	21	of	of	ADP
ftr-442	263	22	$	$	SYM
ftr-442	263	23	5,000	5,000	NUM
ftr-442	263	24	,	,	PUNCT
ftr-442	263	25	the	the	DET
ftr-442	263	26	results	result	NOUN
ftr-442	263	27	are	be	AUX
ftr-442	263	28	as	as	SCONJ
ftr-442	263	29	given	give	VERB
ftr-442	263	30	in	in	ADP
ftr-442	263	31	example	example	NOUN
ftr-442	263	32	3a	3a	NUM
ftr-442	263	33	.	.	PUNCT
ftr-442	264	1	example	example	NOUN
ftr-442	264	2	3a	3a	NUM
ftr-442	265	1	xy	xy	INTJ
ftr-442	265	2	land	land	NOUN
ftr-442	265	3	partnership	partnership	NOUN
ftr-442	265	4	allocations	allocation	NOUN
ftr-442	265	5	under	under	ADP
ftr-442	265	6	regulations	regulation	NOUN
ftr-442	265	7	x	x	SYM
ftr-442	265	8	y	y	PROPN
ftr-442	265	9	year	year	NOUN
ftr-442	265	10	income	income	NOUN
ftr-442	265	11	distrib	distrib	PROPN
ftr-442	265	12	.	.	PUNCT
ftr-442	266	1	cap	cap	PROPN
ftr-442	266	2	.	.	PUNCT
ftr-442	267	1	act	act	PROPN
ftr-442	267	2	.	.	PUNCT
ftr-442	268	1	income	income	NOUN
ftr-442	268	2	distrib	distrib	PROPN
ftr-442	268	3	.	.	PUNCT
ftr-442	269	1	cap	cap	PROPN
ftr-442	269	2	.	.	PUNCT
ftr-442	270	1	act	act	PROPN
ftr-442	270	2	.	.	PUNCT
ftr-442	271	1	1	1	NUM
ftr-442	271	2	$	$	SYM
ftr-442	271	3	79.2	79.2	NUM
ftr-442	271	4	$	$	SYM
ftr-442	271	5	79.2	79.2	NUM
ftr-442	271	6	$	$	SYM
ftr-442	271	7	1,000	1,000	NUM
ftr-442	271	8	0.8	0.8	NUM
ftr-442	271	9	0.8	0.8	NUM
ftr-442	271	10	$	$	SYM
ftr-442	271	11	9,000	9,000	NUM
ftr-442	271	12	2	2	NUM
ftr-442	271	13	79.2	79.2	NUM
ftr-442	271	14	79.2	79.2	NUM
ftr-442	271	15	1,000	1,000	NUM
ftr-442	271	16	0.8	0.8	NUM
ftr-442	271	17	0.8	0.8	NUM
ftr-442	271	18	9,000	9,000	NUM
ftr-442	271	19	3	3	NUM
ftr-442	271	20	79.2	79.2	NUM
ftr-442	271	21	79.2	79.2	NUM
ftr-442	271	22	1,000	1,000	NUM
ftr-442	271	23	0.8	0.8	NUM
ftr-442	271	24	0.8	0.8	NUM
ftr-442	271	25	9,000	9,000	NUM
ftr-442	271	26	4	4	NUM
ftr-442	271	27	79.2	79.2	NUM
ftr-442	271	28	79.2	79.2	NUM
ftr-442	271	29	1,000	1,000	NUM
ftr-442	271	30	0.8	0.8	NUM
ftr-442	271	31	0.8	0.8	NUM
ftr-442	271	32	9,000	9,000	NUM
ftr-442	271	33	5	5	NUM
ftr-442	271	34	79.2	79.2	NUM
ftr-442	271	35	79.2	79.2	NUM
ftr-442	271	36	1,000	1,000	NUM
ftr-442	271	37	0.8	0.8	NUM
ftr-442	271	38	0.8	0.8	NUM
ftr-442	271	39	9,000	9,000	NUM
ftr-442	271	40	6	6	NUM
ftr-442	271	41	79.2	79.2	NUM
ftr-442	271	42	79.2	79.2	NUM
ftr-442	271	43	1,000	1,000	NUM
ftr-442	271	44	0.8	0.8	NUM
ftr-442	271	45	0.8	0.8	NUM
ftr-442	271	46	9,000	9,000	NUM
ftr-442	271	47	7	7	NUM
ftr-442	271	48	79.2	79.2	NUM
ftr-442	271	49	79.2	79.2	NUM
ftr-442	271	50	1,000	1,000	NUM
ftr-442	271	51	0.8	0.8	NUM
ftr-442	271	52	0.8	0.8	NUM
ftr-442	271	53	9,000	9,000	NUM
ftr-442	271	54	8	8	NUM
ftr-442	271	55	79.2	79.2	NUM
ftr-442	271	56	79.2	79.2	NUM
ftr-442	271	57	1,000	1,000	NUM
ftr-442	271	58	0.8	0.8	NUM
ftr-442	271	59	0.8	0.8	NUM
ftr-442	271	60	9,000	9,000	NUM
ftr-442	271	61	9	9	NUM
ftr-442	271	62	79.2	79.2	NUM
ftr-442	271	63	79.2	79.2	NUM
ftr-442	271	64	1,000	1,000	NUM
ftr-442	271	65	0.8	0.8	NUM
ftr-442	271	66	0.8	0.8	NUM
ftr-442	271	67	9,000	9,000	NUM
ftr-442	271	68	10	10	NUM
ftr-442	271	69	79.2	79.2	NUM
ftr-442	271	70	79.2	79.2	NUM
ftr-442	271	71	1,000	1,000	NUM
ftr-442	271	72	0.8	0.8	NUM
ftr-442	271	73	0.8	0.8	NUM
ftr-442	271	74	9,000	9,000	NUM
ftr-442	271	75	11	11	NUM
ftr-442	271	76	50	50	NUM
ftr-442	271	77	1,050	1,050	NUM
ftr-442	271	78	-04,950	-04,950	PUNCT
ftr-442	271	79	13,950	13,950	NUM
ftr-442	271	80	-0if	-0if	NUM
ftr-442	271	81	the	the	DET
ftr-442	271	82	capital	capital	NOUN
ftr-442	271	83	accounts	account	NOUN
ftr-442	271	84	are	be	AUX
ftr-442	271	85	maintained	maintain	VERB
ftr-442	271	86	as	as	SCONJ
ftr-442	271	87	the	the	DET
ftr-442	271	88	regulations	regulation	NOUN
ftr-442	271	89	require	require	VERB
ftr-442	271	90	,	,	PUNCT
ftr-442	271	91	the	the	DET
ftr-442	271	92	allocations	allocation	NOUN
ftr-442	271	93	in	in	ADP
ftr-442	271	94	example	example	NOUN
ftr-442	271	95	3	3	NUM
ftr-442	271	96	have	have	VERB
ftr-442	271	97	substantial	substantial	ADJ
ftr-442	271	98	economic	economic	ADJ
ftr-442	271	99	effect	effect	NOUN
ftr-442	271	100	because	because	SCONJ
ftr-442	271	101	each	each	DET
ftr-442	271	102	partner	partner	NOUN
ftr-442	271	103	will	will	AUX
ftr-442	271	104	receive	receive	VERB
ftr-442	271	105	distribution	distribution	NOUN
ftr-442	271	106	of	of	ADP
ftr-442	271	107	each	each	DET
ftr-442	271	108	dollar	dollar	NOUN
ftr-442	271	109	of	of	ADP
ftr-442	271	110	income	income	NOUN
ftr-442	271	111	allocated	allocate	VERB
ftr-442	271	112	to	to	ADP
ftr-442	271	113	her	she	PRON
ftr-442	271	114	and	and	CCONJ
ftr-442	271	115	will	will	AUX
ftr-442	271	116	experience	experience	VERB
ftr-442	271	117	a	a	DET
ftr-442	271	118	reduction	reduction	NOUN
ftr-442	271	119	in	in	ADP
ftr-442	271	120	the	the	DET
ftr-442	271	121	distribution	distribution	NOUN
ftr-442	271	122	on	on	ADP
ftr-442	271	123	liquidation	liquidation	NOUN
ftr-442	271	124	for	for	ADP
ftr-442	271	125	each	each	DET
ftr-442	271	126	dollar	dollar	NOUN
ftr-442	271	127	of	of	ADP
ftr-442	271	128	loss	loss	NOUN
ftr-442	271	129	allocated	allocate	VERB
ftr-442	271	130	to	to	ADP
ftr-442	271	131	her	she	PRON
ftr-442	271	132	.	.	PUNCT
ftr-442	272	1	if	if	SCONJ
ftr-442	272	2	partnership	partnership	NOUN
ftr-442	272	3	allocations	allocation	NOUN
ftr-442	272	4	were	be	AUX
ftr-442	272	5	required	require	VERB
ftr-442	272	6	to	to	PART
ftr-442	272	7	be	be	AUX
ftr-442	272	8	proportional	proportional	ADJ
ftr-442	272	9	to	to	ADP
ftr-442	272	10	capital	capital	NOUN
ftr-442	272	11	,	,	PUNCT
ftr-442	272	12	all	all	DET
ftr-442	272	13	profits	profit	NOUN
ftr-442	272	14	and	and	CCONJ
ftr-442	272	15	losses	loss	NOUN
ftr-442	272	16	would	would	AUX
ftr-442	272	17	be	be	AUX
ftr-442	272	18	allocated	allocate	VERB
ftr-442	272	19	10	10	NUM
ftr-442	272	20	%	%	NOUN
ftr-442	272	21	to	to	ADP
ftr-442	272	22	x	x	PUNCT
ftr-442	272	23	and	and	CCONJ
ftr-442	272	24	90	90	NUM
ftr-442	272	25	%	%	NOUN
ftr-442	272	26	to	to	ADP
ftr-442	272	27	y.	y.	NOUN
ftr-442	272	28	for	for	ADP
ftr-442	272	29	example	example	NOUN
ftr-442	272	30	,	,	PUNCT
ftr-442	272	31	if	if	SCONJ
ftr-442	272	32	the	the	DET
ftr-442	272	33	partnership	partnership	NOUN
ftr-442	272	34	has	have	VERB
ftr-442	272	35	net	net	ADJ
ftr-442	272	36	rental	rental	ADJ
ftr-442	272	37	income	income	NOUN
ftr-442	272	38	of	of	ADP
ftr-442	272	39	$	$	SYM
ftr-442	272	40	80	80	NUM
ftr-442	272	41	annually	annually	ADV
ftr-442	272	42	for	for	ADP
ftr-442	272	43	10	10	NUM
ftr-442	272	44	years	year	NOUN
ftr-442	272	45	and	and	CCONJ
ftr-442	272	46	then	then	ADV
ftr-442	272	47	sells	sell	VERB
ftr-442	272	48	the	the	DET
ftr-442	272	49	land	land	NOUN
ftr-442	272	50	for	for	ADP
ftr-442	272	51	$	$	SYM
ftr-442	272	52	15,000	15,000	NUM
ftr-442	272	53	,	,	PUNCT
ftr-442	272	54	the	the	DET
ftr-442	272	55	allocations	allocation	NOUN
ftr-442	272	56	of	of	ADP
ftr-442	272	57	each	each	DET
ftr-442	272	58	year	year	NOUN
ftr-442	272	59	's	's	PART
ftr-442	272	60	rental	rental	ADJ
ftr-442	272	61	profits	profit	NOUN
ftr-442	272	62	would	would	AUX
ftr-442	272	63	be	be	AUX
ftr-442	272	64	as	as	ADP
ftr-442	272	65	in	in	ADP
ftr-442	272	66	example	example	NOUN
ftr-442	272	67	3b	3b	NUM
ftr-442	272	68	.	.	PUNCT
ftr-442	273	1	19991	19991	NUM
ftr-442	273	2	florida	florida	PROPN
ftr-442	273	3	tax	tax	PROPN
ftr-442	273	4	review	review	NOUN
ftr-442	273	5	example	example	NOUN
ftr-442	273	6	3b	3b	NUM
ftr-442	274	1	xy	xy	INTJ
ftr-442	274	2	land	land	NOUN
ftr-442	274	3	partnership	partnership	NOUN
ftr-442	274	4	allocations	allocation	NOUN
ftr-442	274	5	in	in	ADP
ftr-442	274	6	proportion	proportion	NOUN
ftr-442	274	7	to	to	ADP
ftr-442	274	8	capital	capital	NOUN
ftr-442	274	9	x	x	PUNCT
ftr-442	274	10	y	y	PROPN
ftr-442	274	11	year	year	NOUN
ftr-442	274	12	income	income	NOUN
ftr-442	274	13	distrib	distrib	PROPN
ftr-442	274	14	.	.	PUNCT
ftr-442	275	1	cap	cap	PROPN
ftr-442	275	2	.	.	PUNCT
ftr-442	276	1	act	act	PROPN
ftr-442	276	2	.	.	PUNCT
ftr-442	277	1	income	income	NOUN
ftr-442	277	2	distrib	distrib	PROPN
ftr-442	277	3	.	.	PUNCT
ftr-442	278	1	cap	cap	PROPN
ftr-442	278	2	.	.	PUNCT
ftr-442	279	1	act	act	PROPN
ftr-442	279	2	.	.	PUNCT
ftr-442	280	1	1	1	NUM
ftr-442	280	2	$	$	SYM
ftr-442	280	3	8.0	8.0	NUM
ftr-442	280	4	$	$	SYM
ftr-442	280	5	79.2	79.2	NUM
ftr-442	280	6	$	$	SYM
ftr-442	280	7	928.8	928.8	NUM
ftr-442	280	8	$	$	SYM
ftr-442	280	9	72.0	72.0	NUM
ftr-442	280	10	0.8	0.8	NUM
ftr-442	280	11	$	$	SYM
ftr-442	280	12	9,071.2	9,071.2	NUM
ftr-442	280	13	2	2	NUM
ftr-442	280	14	7.4	7.4	NUM
ftr-442	280	15	79.2	79.2	NUM
ftr-442	280	16	857.0	857.0	NUM
ftr-442	280	17	72.8	72.8	NUM
ftr-442	280	18	0.8	0.8	NUM
ftr-442	280	19	9,143.0	9,143.0	NUM
ftr-442	280	20	3	3	NUM
ftr-442	280	21	6.9	6.9	NUM
ftr-442	280	22	79.2	79.2	NUM
ftr-442	280	23	784.7	784.7	NUM
ftr-442	280	24	73.1	73.1	NUM
ftr-442	280	25	0.8	0.8	NUM
ftr-442	280	26	9,215.3	9,215.3	NUM
ftr-442	280	27	4	4	NUM
ftr-442	280	28	6.3	6.3	NUM
ftr-442	280	29	79.2	79.2	NUM
ftr-442	280	30	711.8	711.8	NUM
ftr-442	280	31	73.7	73.7	NUM
ftr-442	280	32	0.8	0.8	NUM
ftr-442	280	33	9,288.2	9,288.2	NUM
ftr-442	280	34	5	5	NUM
ftr-442	280	35	5.7	5.7	NUM
ftr-442	280	36	79.2	79.2	NUM
ftr-442	280	37	638.3	638.3	NUM
ftr-442	280	38	74.3	74.3	NUM
ftr-442	280	39	0.8	0.8	NUM
ftr-442	280	40	9,361.7	9,361.7	NUM
ftr-442	280	41	6	6	NUM
ftr-442	280	42	5.1	5.1	NUM
ftr-442	280	43	79.2	79.2	NUM
ftr-442	280	44	564.2	564.2	NUM
ftr-442	280	45	74.9	74.9	NUM
ftr-442	280	46	0.8	0.8	NUM
ftr-442	280	47	9,435.8	9,435.8	NUM
ftr-442	280	48	7	7	NUM
ftr-442	280	49	4.5	4.5	NUM
ftr-442	280	50	79.2	79.2	NUM
ftr-442	280	51	489.5	489.5	NUM
ftr-442	280	52	75.5	75.5	NUM
ftr-442	280	53	0.8	0.8	NUM
ftr-442	280	54	9,510.5	9,510.5	NUM
ftr-442	280	55	8	8	NUM
ftr-442	280	56	3.9	3.9	NUM
ftr-442	280	57	79.2	79.2	NUM
ftr-442	280	58	414.2	414.2	NUM
ftr-442	280	59	76.1	76.1	NUM
ftr-442	280	60	0.8	0.8	NUM
ftr-442	280	61	9,585.8	9,585.8	NUM
ftr-442	280	62	9	9	NUM
ftr-442	280	63	3.3	3.3	NUM
ftr-442	280	64	79.2	79.2	NUM
ftr-442	280	65	338.3	338.3	NUM
ftr-442	280	66	76.7	76.7	NUM
ftr-442	280	67	0.8	0.8	NUM
ftr-442	280	68	9,661.7	9,661.7	NUM
ftr-442	280	69	10	10	NUM
ftr-442	280	70	2.7	2.7	NUM
ftr-442	280	71	79.2	79.2	NUM
ftr-442	280	72	261.8	261.8	NUM
ftr-442	280	73	77.3	77.3	NUM
ftr-442	280	74	0.8	0.8	NUM
ftr-442	280	75	9,738.2	9,738.2	NUM
ftr-442	280	76	11	11	NUM
ftr-442	280	77	130.9	130.9	NUM
ftr-442	280	78	1,050	1,050	NUM
ftr-442	280	79	(	(	PUNCT
ftr-442	280	80	657.3	657.3	NUM
ftr-442	280	81	)	)	PUNCT
ftr-442	280	82	4,869.1	4,869.1	NUM
ftr-442	280	83	13,950	13,950	NUM
ftr-442	280	84	657.3	657.3	NUM
ftr-442	280	85	presumably	presumably	ADV
ftr-442	280	86	,	,	PUNCT
ftr-442	280	87	x	x	PRON
ftr-442	280	88	would	would	AUX
ftr-442	280	89	recognize	recognize	VERB
ftr-442	280	90	gain	gain	NOUN
ftr-442	280	91	on	on	ADP
ftr-442	280	92	liquidation	liquidation	NOUN
ftr-442	280	93	equal	equal	ADJ
ftr-442	280	94	to	to	ADP
ftr-442	280	95	the	the	DET
ftr-442	280	96	negative	negative	ADJ
ftr-442	280	97	balance	balance	NOUN
ftr-442	280	98	in	in	ADP
ftr-442	280	99	her	her	PRON
ftr-442	280	100	capital	capital	NOUN
ftr-442	280	101	account	account	NOUN
ftr-442	280	102	after	after	ADP
ftr-442	280	103	the	the	DET
ftr-442	280	104	liquidating	liquidating	NOUN
ftr-442	280	105	distribution	distribution	NOUN
ftr-442	280	106	,	,	PUNCT
ftr-442	280	107	and	and	CCONJ
ftr-442	280	108	y	y	PROPN
ftr-442	280	109	would	would	AUX
ftr-442	280	110	recognize	recognize	VERB
ftr-442	280	111	an	an	DET
ftr-442	280	112	equal	equal	ADJ
ftr-442	280	113	loss	loss	NOUN
ftr-442	280	114	.	.	PUNCT
ftr-442	281	1	however	however	ADV
ftr-442	281	2	,	,	PUNCT
ftr-442	281	3	this	this	DET
ftr-442	281	4	gain	gain	NOUN
ftr-442	281	5	and	and	CCONJ
ftr-442	281	6	loss	loss	NOUN
ftr-442	281	7	are	be	AUX
ftr-442	281	8	merely	merely	ADV
ftr-442	281	9	corrections	correction	NOUN
ftr-442	281	10	to	to	ADP
ftr-442	281	11	the	the	DET
ftr-442	281	12	cumulative	cumulative	ADJ
ftr-442	281	13	errors	error	NOUN
ftr-442	281	14	that	that	PRON
ftr-442	281	15	the	the	DET
ftr-442	281	16	proportional	proportional	ADJ
ftr-442	281	17	-	-	PUNCT
ftr-442	281	18	to	to	ADP
ftr-442	281	19	-	-	PUNCT
ftr-442	281	20	capital	capital	NOUN
ftr-442	281	21	rule	rule	NOUN
ftr-442	281	22	would	would	AUX
ftr-442	281	23	create	create	VERB
ftr-442	281	24	by	by	ADP
ftr-442	281	25	allocating	allocate	VERB
ftr-442	281	26	partnership	partnership	NOUN
ftr-442	281	27	income	income	NOUN
ftr-442	281	28	differently	differently	ADV
ftr-442	281	29	from	from	ADP
ftr-442	281	30	the	the	DET
ftr-442	281	31	basis	basis	NOUN
ftr-442	281	32	on	on	ADP
ftr-442	281	33	which	which	PRON
ftr-442	281	34	the	the	DET
ftr-442	281	35	partners	partner	NOUN
ftr-442	281	36	agreed	agree	VERB
ftr-442	281	37	to	to	PART
ftr-442	281	38	share	share	VERB
ftr-442	281	39	it	it	PRON
ftr-442	281	40	.	.	PUNCT
ftr-442	282	1	moreover	moreover	ADV
ftr-442	282	2	,	,	PUNCT
ftr-442	282	3	as	as	ADP
ftr-442	282	4	example	example	NOUN
ftr-442	282	5	3b	3b	NUM
ftr-442	282	6	shows	show	NOUN
ftr-442	282	7	,	,	PUNCT
ftr-442	282	8	the	the	DET
ftr-442	282	9	rule	rule	NOUN
ftr-442	282	10	would	would	AUX
ftr-442	282	11	make	make	VERB
ftr-442	282	12	the	the	DET
ftr-442	282	13	tax	tax	NOUN
ftr-442	282	14	allocations	allocation	NOUN
ftr-442	282	15	much	much	ADV
ftr-442	282	16	more	more	ADV
ftr-442	282	17	complicated	complicated	ADJ
ftr-442	282	18	than	than	SCONJ
ftr-442	282	19	they	they	PRON
ftr-442	282	20	are	be	AUX
ftr-442	282	21	if	if	SCONJ
ftr-442	282	22	the	the	DET
ftr-442	282	23	partnership	partnership	NOUN
ftr-442	282	24	agreement	agreement	NOUN
ftr-442	282	25	is	be	AUX
ftr-442	282	26	followed	follow	VERB
ftr-442	282	27	,	,	PUNCT
ftr-442	282	28	as	as	SCONJ
ftr-442	282	29	it	it	PRON
ftr-442	282	30	is	be	AUX
ftr-442	282	31	in	in	ADP
ftr-442	282	32	example	example	NOUN
ftr-442	282	33	3a	3a	NUM
ftr-442	282	34	.	.	PUNCT
ftr-442	283	1	although	although	SCONJ
ftr-442	283	2	the	the	DET
ftr-442	283	3	rule	rule	NOUN
ftr-442	283	4	is	be	AUX
ftr-442	283	5	simple	simple	ADJ
ftr-442	283	6	to	to	ADP
ftr-442	283	7	state	state	NOUN
ftr-442	283	8	,	,	PUNCT
ftr-442	283	9	it	it	PRON
ftr-442	283	10	thus	thus	ADV
ftr-442	283	11	exacerbates	exacerbate	VERB
ftr-442	283	12	a	a	DET
ftr-442	283	13	principal	principal	ADJ
ftr-442	283	14	problem	problem	NOUN
ftr-442	283	15	of	of	ADP
ftr-442	283	16	the	the	DET
ftr-442	283	17	present	present	ADJ
ftr-442	283	18	subchapter	subchapter	NOUN
ftr-442	283	19	k	k	NOUN
ftr-442	283	20	:	:	PUNCT
ftr-442	283	21	complexity	complexity	NOUN
ftr-442	283	22	.	.	PUNCT
ftr-442	284	1	in	in	ADP
ftr-442	284	2	this	this	DET
ftr-442	284	3	particular	particular	ADJ
ftr-442	284	4	case	case	NOUN
ftr-442	284	5	,	,	PUNCT
ftr-442	284	6	the	the	DET
ftr-442	284	7	regulations	regulation	NOUN
ftr-442	284	8	provide	provide	VERB
ftr-442	284	9	a	a	DET
ftr-442	284	10	more	more	ADV
ftr-442	284	11	realistic	realistic	ADJ
ftr-442	284	12	treatment	treatment	NOUN
ftr-442	284	13	.	.	PUNCT
ftr-442	285	1	x	x	X
ftr-442	285	2	invests	invest	VERB
ftr-442	285	3	$	$	SYM
ftr-442	285	4	1,000	1,000	NUM
ftr-442	285	5	,	,	PUNCT
ftr-442	285	6	essentially	essentially	ADV
ftr-442	285	7	for	for	ADP
ftr-442	285	8	rights	right	NOUN
ftr-442	285	9	to	to	ADP
ftr-442	285	10	three	three	NUM
ftr-442	285	11	items	item	NOUN
ftr-442	285	12	:	:	PUNCT
ftr-442	285	13	$	$	SYM
ftr-442	285	14	79.2	79.2	NUM
ftr-442	285	15	annually	annually	ADV
ftr-442	285	16	for	for	ADP
ftr-442	285	17	10	10	NUM
ftr-442	285	18	years	year	NOUN
ftr-442	285	19	;	;	PUNCT
ftr-442	285	20	the	the	DET
ftr-442	285	21	return	return	NOUN
ftr-442	285	22	of	of	ADP
ftr-442	285	23	the	the	DET
ftr-442	285	24	$	$	SYM
ftr-442	285	25	1,000	1,000	NUM
ftr-442	285	26	at	at	ADP
ftr-442	285	27	the	the	DET
ftr-442	285	28	end	end	NOUN
ftr-442	285	29	of	of	ADP
ftr-442	285	30	that	that	DET
ftr-442	285	31	period	period	NOUN
ftr-442	285	32	;	;	PUNCT
ftr-442	285	33	and	and	CCONJ
ftr-442	285	34	1	1	NUM
ftr-442	285	35	%	%	NOUN
ftr-442	285	36	of	of	ADP
ftr-442	285	37	any	any	DET
ftr-442	285	38	gain	gain	NOUN
ftr-442	285	39	or	or	CCONJ
ftr-442	285	40	loss	loss	NOUN
ftr-442	285	41	on	on	ADP
ftr-442	285	42	the	the	DET
ftr-442	285	43	property	property	NOUN
ftr-442	285	44	's	's	PART
ftr-442	285	45	sale	sale	NOUN
ftr-442	285	46	.	.	PUNCT
ftr-442	286	1	since	since	SCONJ
ftr-442	286	2	the	the	DET
ftr-442	286	3	latter	latter	ADJ
ftr-442	286	4	right	right	NOUN
ftr-442	286	5	is	be	AUX
ftr-442	286	6	too	too	ADV
ftr-442	286	7	contingent	contingent	ADJ
ftr-442	286	8	to	to	PART
ftr-442	286	9	warrant	warrant	VERB
ftr-442	286	10	any	any	DET
ftr-442	286	11	recognition	recognition	NOUN
ftr-442	286	12	of	of	ADP
ftr-442	286	13	gain	gain	NOUN
ftr-442	286	14	or	or	CCONJ
ftr-442	286	15	loss	loss	NOUN
ftr-442	286	16	on	on	ADP
ftr-442	286	17	it	it	PRON
ftr-442	286	18	before	before	ADP
ftr-442	286	19	the	the	DET
ftr-442	286	20	sale	sale	NOUN
ftr-442	286	21	,	,	PUNCT
ftr-442	286	22	it	it	PRON
ftr-442	286	23	is	be	AUX
ftr-442	286	24	reasonable	reasonable	ADJ
ftr-442	286	25	to	to	ADP
ftr-442	286	26	tax	tax	NOUN
ftr-442	286	27	x	x	PUNCT
ftr-442	286	28	on	on	ADP
ftr-442	286	29	the	the	DET
ftr-442	286	30	annual	annual	ADJ
ftr-442	286	31	payments	payment	NOUN
ftr-442	286	32	and	and	CCONJ
ftr-442	286	33	reckon	reckon	VERB
ftr-442	286	34	up	up	ADP
ftr-442	286	35	any	any	DET
ftr-442	286	36	gain	gain	NOUN
ftr-442	286	37	or	or	CCONJ
ftr-442	286	38	loss	loss	NOUN
ftr-442	286	39	at	at	ADP
ftr-442	286	40	the	the	DET
ftr-442	286	41	end	end	NOUN
ftr-442	286	42	.	.	PUNCT
ftr-442	287	1	the	the	DET
ftr-442	287	2	regulations	regulation	NOUN
ftr-442	287	3	so	so	ADV
ftr-442	287	4	provide	provide	VERB
ftr-442	287	5	.	.	PUNCT
ftr-442	288	1	however	however	ADV
ftr-442	288	2	,	,	PUNCT
ftr-442	288	3	any	any	DET
ftr-442	288	4	generalization	generalization	NOUN
ftr-442	288	5	that	that	PRON
ftr-442	288	6	might	might	AUX
ftr-442	288	7	be	be	AUX
ftr-442	288	8	made	make	VERB
ftr-442	288	9	from	from	ADP
ftr-442	288	10	this	this	DET
ftr-442	288	11	case	case	NOUN
ftr-442	288	12	is	be	AUX
ftr-442	288	13	likely	likely	ADJ
ftr-442	288	14	to	to	PART
ftr-442	288	15	be	be	AUX
ftr-442	288	16	contradicted	contradict	VERB
ftr-442	288	17	by	by	ADP
ftr-442	288	18	the	the	DET
ftr-442	288	19	results	result	NOUN
ftr-442	288	20	in	in	ADP
ftr-442	288	21	similar	similar	ADJ
ftr-442	288	22	cases	case	NOUN
ftr-442	288	23	.	.	PUNCT
ftr-442	289	1	example	example	NOUN
ftr-442	289	2	3	3	NUM
ftr-442	289	3	shows	show	VERB
ftr-442	289	4	the	the	DET
ftr-442	289	5	inadequacy	inadequacy	NOUN
ftr-442	289	6	of	of	ADP
ftr-442	289	7	a	a	DET
ftr-442	289	8	rule	rule	NOUN
ftr-442	289	9	requiring	require	VERB
ftr-442	289	10	allocations	allocation	NOUN
ftr-442	289	11	in	in	ADP
ftr-442	289	12	proportion	proportion	NOUN
ftr-442	289	13	to	to	ADP
ftr-442	289	14	capital	capital	NOUN
ftr-442	289	15	.	.	PUNCT
ftr-442	290	1	it	it	PRON
ftr-442	290	2	does	do	AUX
ftr-442	290	3	not	not	PART
ftr-442	290	4	prove	prove	VERB
ftr-442	290	5	the	the	DET
ftr-442	290	6	adequacy	adequacy	NOUN
ftr-442	290	7	of	of	ADP
ftr-442	290	8	the	the	DET
ftr-442	290	9	substantial	substantial	ADJ
ftr-442	290	10	economic	economic	ADJ
ftr-442	290	11	effect	effect	NOUN
ftr-442	290	12	test	test	NOUN
ftr-442	290	13	of	of	ADP
ftr-442	290	14	section	section	NOUN
ftr-442	290	15	704(b	704(b	PROPN
ftr-442	290	16	)	)	PUNCT
ftr-442	290	17	and	and	CCONJ
ftr-442	290	18	the	the	DET
ftr-442	290	19	regulations	regulation	NOUN
ftr-442	290	20	thereunder	thereunder	NOUN
ftr-442	290	21	.	.	PUNCT
ftr-442	291	1	the	the	DET
ftr-442	291	2	fundamental	fundamental	ADJ
ftr-442	291	3	objection	objection	NOUN
ftr-442	291	4	to	to	ADP
ftr-442	291	5	a	a	DET
ftr-442	291	6	requirement	requirement	NOUN
ftr-442	291	7	of	of	ADP
ftr-442	291	8	allocations	allocation	NOUN
ftr-442	291	9	in	in	ADP
ftr-442	291	10	proportion	proportion	NOUN
ftr-442	291	11	to	to	ADP
ftr-442	291	12	capital	capital	NOUN
ftr-442	291	13	is	be	AUX
ftr-442	291	14	that	that	SCONJ
ftr-442	291	15	it	it	PRON
ftr-442	291	16	often	often	ADV
ftr-442	291	17	causes	cause	VERB
ftr-442	291	18	income	income	NOUN
ftr-442	291	19	clearly	clearly	ADV
ftr-442	291	20	belonging	belong	VERB
ftr-442	291	21	to	to	ADP
ftr-442	291	22	one	one	NUM
ftr-442	291	23	partner	partner	NOUN
ftr-442	291	24	to	to	PART
ftr-442	291	25	be	be	AUX
ftr-442	291	26	taxed	tax	VERB
ftr-442	291	27	to	to	ADP
ftr-442	291	28	another	another	DET
ftr-442	291	29	partner	partner	NOUN
ftr-442	291	30	.	.	PUNCT
ftr-442	292	1	when	when	SCONJ
ftr-442	292	2	the	the	DET
ftr-442	292	3	partners	partner	NOUN
ftr-442	292	4	'	'	PART
ftr-442	292	5	contributions	contribution	NOUN
ftr-442	292	6	[	[	X
ftr-442	292	7	vol	vol	NOUN
ftr-442	292	8	.	.	NOUN
ftr-442	292	9	4:3	4:3	NUM
ftr-442	292	10	taxation	taxation	NOUN
ftr-442	292	11	of	of	ADP
ftr-442	292	12	private	private	ADJ
ftr-442	292	13	business	business	NOUN
ftr-442	292	14	firms	firm	NOUN
ftr-442	292	15	include	include	VERB
ftr-442	292	16	services	service	NOUN
ftr-442	292	17	as	as	ADV
ftr-442	292	18	well	well	ADV
ftr-442	292	19	as	as	ADP
ftr-442	292	20	financial	financial	ADJ
ftr-442	292	21	capital	capital	NOUN
ftr-442	292	22	and	and	CCONJ
ftr-442	292	23	when	when	SCONJ
ftr-442	292	24	partners	partner	NOUN
ftr-442	292	25	agree	agree	VERB
ftr-442	292	26	to	to	PART
ftr-442	292	27	share	share	VERB
ftr-442	292	28	different	different	ADJ
ftr-442	292	29	income	income	NOUN
ftr-442	292	30	streams	stream	NOUN
ftr-442	292	31	differently	differently	ADV
ftr-442	292	32	,	,	PUNCT
ftr-442	292	33	allocations	allocation	NOUN
ftr-442	292	34	in	in	ADP
ftr-442	292	35	proportion	proportion	NOUN
ftr-442	292	36	to	to	ADP
ftr-442	292	37	capital	capital	NOUN
ftr-442	292	38	may	may	AUX
ftr-442	292	39	not	not	PART
ftr-442	292	40	correspond	correspond	VERB
ftr-442	292	41	to	to	ADP
ftr-442	292	42	the	the	DET
ftr-442	292	43	partners	partner	NOUN
ftr-442	292	44	'	'	PART
ftr-442	292	45	economic	economic	ADJ
ftr-442	292	46	income	income	NOUN
ftr-442	292	47	from	from	ADP
ftr-442	292	48	their	their	PRON
ftr-442	292	49	partnership	partnership	NOUN
ftr-442	292	50	investments	investment	NOUN
ftr-442	292	51	.	.	PUNCT
ftr-442	293	1	this	this	DET
ftr-442	293	2	objection	objection	NOUN
ftr-442	293	3	should	should	AUX
ftr-442	293	4	be	be	AUX
ftr-442	293	5	recognized	recognize	VERB
ftr-442	293	6	by	by	ADP
ftr-442	293	7	those	those	DET
ftr-442	293	8	protective	protective	ADJ
ftr-442	293	9	of	of	ADP
ftr-442	293	10	the	the	DET
ftr-442	293	11	fisc	fisc	NOUN
ftr-442	293	12	as	as	ADV
ftr-442	293	13	well	well	ADV
ftr-442	293	14	as	as	ADP
ftr-442	293	15	by	by	ADP
ftr-442	293	16	taxpayer	taxpayer	NOUN
ftr-442	293	17	advocates	advocate	NOUN
ftr-442	293	18	.	.	PUNCT
ftr-442	294	1	any	any	DET
ftr-442	294	2	tax	tax	NOUN
ftr-442	294	3	rule	rule	NOUN
ftr-442	294	4	that	that	PRON
ftr-442	294	5	departs	depart	VERB
ftr-442	294	6	from	from	ADP
ftr-442	294	7	economic	economic	ADJ
ftr-442	294	8	reality	reality	NOUN
ftr-442	294	9	is	be	AUX
ftr-442	294	10	a	a	DET
ftr-442	294	11	double	double	ADJ
ftr-442	294	12	-	-	PUNCT
ftr-442	294	13	edged	edge	VERB
ftr-442	294	14	sword	sword	NOUN
ftr-442	294	15	.	.	PUNCT
ftr-442	295	1	for	for	ADP
ftr-442	295	2	taxpayers	taxpayer	NOUN
ftr-442	295	3	who	who	PRON
ftr-442	295	4	overlook	overlook	VERB
ftr-442	295	5	the	the	DET
ftr-442	295	6	rule	rule	NOUN
ftr-442	295	7	in	in	ADP
ftr-442	295	8	their	their	PRON
ftr-442	295	9	planning	planning	NOUN
ftr-442	295	10	,	,	PUNCT
ftr-442	295	11	the	the	DET
ftr-442	295	12	rule	rule	NOUN
ftr-442	295	13	can	can	AUX
ftr-442	295	14	defeat	defeat	VERB
ftr-442	295	15	reasonable	reasonable	ADJ
ftr-442	295	16	expectations	expectation	NOUN
ftr-442	295	17	about	about	ADP
ftr-442	295	18	the	the	DET
ftr-442	295	19	tax	tax	NOUN
ftr-442	295	20	consequences	consequence	NOUN
ftr-442	295	21	of	of	ADP
ftr-442	295	22	their	their	PRON
ftr-442	295	23	investments	investment	NOUN
ftr-442	295	24	.	.	PUNCT
ftr-442	296	1	for	for	ADP
ftr-442	296	2	taxpayers	taxpayer	NOUN
ftr-442	296	3	who	who	PRON
ftr-442	296	4	fully	fully	ADV
ftr-442	296	5	understand	understand	VERB
ftr-442	296	6	the	the	DET
ftr-442	296	7	rule	rule	NOUN
ftr-442	296	8	's	's	PART
ftr-442	296	9	operation	operation	NOUN
ftr-442	296	10	,	,	PUNCT
ftr-442	296	11	it	it	PRON
ftr-442	296	12	is	be	AUX
ftr-442	296	13	a	a	DET
ftr-442	296	14	useful	useful	ADJ
ftr-442	296	15	tool	tool	NOUN
ftr-442	296	16	for	for	ADP
ftr-442	296	17	manipulation	manipulation	NOUN
ftr-442	296	18	.	.	PUNCT
ftr-442	297	1	iv	iv	X
ftr-442	297	2	.	.	PUNCT
ftr-442	298	1	contributions	contribution	NOUN
ftr-442	298	2	and	and	CCONJ
ftr-442	298	3	distributions	distribution	NOUN
ftr-442	298	4	generally	generally	ADV
ftr-442	298	5	,	,	PUNCT
ftr-442	298	6	property	property	NOUN
ftr-442	298	7	can	can	AUX
ftr-442	298	8	be	be	AUX
ftr-442	298	9	contributed	contribute	VERB
ftr-442	298	10	to	to	ADP
ftr-442	298	11	and	and	CCONJ
ftr-442	298	12	distributed	distribute	VERB
ftr-442	298	13	from	from	ADP
ftr-442	298	14	a	a	DET
ftr-442	298	15	partnership	partnership	NOUN
ftr-442	298	16	without	without	ADP
ftr-442	298	17	recognition	recognition	NOUN
ftr-442	298	18	of	of	ADP
ftr-442	298	19	gain	gain	NOUN
ftr-442	298	20	or	or	CCONJ
ftr-442	298	21	loss	loss	NOUN
ftr-442	298	22	by	by	ADP
ftr-442	298	23	the	the	DET
ftr-442	298	24	contributing	contribute	VERB
ftr-442	298	25	or	or	CCONJ
ftr-442	298	26	distributee	distributee	NOUN
ftr-442	298	27	partner	partner	NOUN
ftr-442	298	28	or	or	CCONJ
ftr-442	298	29	by	by	ADP
ftr-442	298	30	the	the	DET
ftr-442	298	31	partnership	partnership	NOUN
ftr-442	298	32	.	.	PUNCT
ftr-442	299	1	in	in	ADP
ftr-442	299	2	a	a	DET
ftr-442	299	3	wholly	wholly	ADV
ftr-442	299	4	unrestricted	unrestricted	ADJ
ftr-442	299	5	form	form	NOUN
ftr-442	299	6	(	(	PUNCT
ftr-442	299	7	as	as	ADV
ftr-442	299	8	generally	generally	ADV
ftr-442	299	9	existed	exist	VERB
ftr-442	299	10	when	when	SCONJ
ftr-442	299	11	subchapter	subchapter	PROPN
ftr-442	299	12	k	k	PROPN
ftr-442	299	13	was	be	AUX
ftr-442	299	14	enacted	enact	VERB
ftr-442	299	15	in	in	ADP
ftr-442	299	16	1954	1954	NUM
ftr-442	299	17	)	)	PUNCT
ftr-442	299	18	,	,	PUNCT
ftr-442	299	19	this	this	DET
ftr-442	299	20	approach	approach	NOUN
ftr-442	299	21	allows	allow	VERB
ftr-442	299	22	gains	gain	NOUN
ftr-442	299	23	and	and	CCONJ
ftr-442	299	24	losses	loss	NOUN
ftr-442	299	25	inherent	inherent	ADJ
ftr-442	299	26	in	in	ADP
ftr-442	299	27	property	property	NOUN
ftr-442	299	28	other	other	ADJ
ftr-442	299	29	than	than	ADP
ftr-442	299	30	money	money	NOUN
ftr-442	299	31	to	to	PART
ftr-442	299	32	be	be	AUX
ftr-442	299	33	shifted	shift	VERB
ftr-442	299	34	freely	freely	ADV
ftr-442	299	35	to	to	ADP
ftr-442	299	36	one	one	NUM
ftr-442	299	37	or	or	CCONJ
ftr-442	299	38	more	more	ADJ
ftr-442	299	39	partners	partner	NOUN
ftr-442	299	40	.	.	PUNCT
ftr-442	300	1	appreciation	appreciation	NOUN
ftr-442	300	2	or	or	CCONJ
ftr-442	300	3	depreciation	depreciation	NOUN
ftr-442	300	4	in	in	ADP
ftr-442	300	5	property	property	NOUN
ftr-442	300	6	owned	own	VERB
ftr-442	300	7	by	by	ADP
ftr-442	300	8	one	one	NUM
ftr-442	300	9	partner	partner	NOUN
ftr-442	300	10	can	can	AUX
ftr-442	300	11	,	,	PUNCT
ftr-442	300	12	by	by	ADP
ftr-442	300	13	contribution	contribution	NOUN
ftr-442	300	14	to	to	ADP
ftr-442	300	15	the	the	DET
ftr-442	300	16	partnership	partnership	NOUN
ftr-442	300	17	,	,	PUNCT
ftr-442	300	18	be	be	AUX
ftr-442	300	19	made	make	VERB
ftr-442	300	20	potential	potential	ADJ
ftr-442	300	21	gain	gain	NOUN
ftr-442	300	22	or	or	CCONJ
ftr-442	300	23	loss	loss	NOUN
ftr-442	300	24	to	to	PART
ftr-442	300	25	be	be	AUX
ftr-442	300	26	shared	share	VERB
ftr-442	300	27	in	in	ADP
ftr-442	300	28	the	the	DET
ftr-442	300	29	partnership	partnership	NOUN
ftr-442	300	30	collective	collective	ADJ
ftr-442	300	31	,	,	PUNCT
ftr-442	300	32	and	and	CCONJ
ftr-442	300	33	appreciation	appreciation	NOUN
ftr-442	300	34	or	or	CCONJ
ftr-442	300	35	depreciation	depreciation	NOUN
ftr-442	300	36	in	in	ADP
ftr-442	300	37	partnership	partnership	NOUN
ftr-442	300	38	property	property	NOUN
ftr-442	300	39	can	can	AUX
ftr-442	300	40	,	,	PUNCT
ftr-442	300	41	by	by	ADP
ftr-442	300	42	distribution	distribution	NOUN
ftr-442	300	43	,	,	PUNCT
ftr-442	300	44	be	be	AUX
ftr-442	300	45	made	make	VERB
ftr-442	300	46	potential	potential	ADJ
ftr-442	300	47	gain	gain	NOUN
ftr-442	300	48	or	or	CCONJ
ftr-442	300	49	loss	loss	NOUN
ftr-442	300	50	of	of	ADP
ftr-442	300	51	one	one	NUM
ftr-442	300	52	partner	partner	NOUN
ftr-442	300	53	,	,	PUNCT
ftr-442	300	54	the	the	DET
ftr-442	300	55	distributee	distributee	NOUN
ftr-442	300	56	.	.	PUNCT
ftr-442	301	1	over	over	ADP
ftr-442	301	2	the	the	DET
ftr-442	301	3	last	last	ADJ
ftr-442	301	4	25	25	NUM
ftr-442	301	5	years	year	NOUN
ftr-442	301	6	,	,	PUNCT
ftr-442	301	7	congress	congress	PROPN
ftr-442	301	8	has	have	AUX
ftr-442	301	9	steadily	steadily	ADV
ftr-442	301	10	restricted	restrict	VERB
ftr-442	301	11	these	these	DET
ftr-442	301	12	shifting	shift	VERB
ftr-442	301	13	opportunities	opportunity	NOUN
ftr-442	301	14	.	.	PUNCT
ftr-442	302	1	section	section	NOUN
ftr-442	302	2	704(c)(1)(a)-under	704(c)(1)(a)-under	NUM
ftr-442	303	1	which	which	PRON
ftr-442	303	2	gain	gain	VERB
ftr-442	303	3	or	or	CCONJ
ftr-442	303	4	loss	loss	NOUN
ftr-442	303	5	on	on	ADP
ftr-442	303	6	a	a	DET
ftr-442	303	7	partnership	partnership	NOUN
ftr-442	303	8	's	's	PART
ftr-442	303	9	sale	sale	NOUN
ftr-442	303	10	of	of	ADP
ftr-442	303	11	property	property	NOUN
ftr-442	303	12	contributed	contribute	VERB
ftr-442	303	13	to	to	ADP
ftr-442	303	14	the	the	DET
ftr-442	303	15	partnership	partnership	NOUN
ftr-442	303	16	is	be	AUX
ftr-442	303	17	,	,	PUNCT
ftr-442	303	18	to	to	ADP
ftr-442	303	19	the	the	DET
ftr-442	303	20	extent	extent	NOUN
ftr-442	303	21	of	of	ADP
ftr-442	303	22	appreciation	appreciation	NOUN
ftr-442	303	23	or	or	CCONJ
ftr-442	303	24	depreciation	depreciation	NOUN
ftr-442	303	25	accrued	accrue	VERB
ftr-442	303	26	at	at	ADP
ftr-442	303	27	the	the	DET
ftr-442	303	28	time	time	NOUN
ftr-442	303	29	of	of	ADP
ftr-442	303	30	contribution	contribution	NOUN
ftr-442	303	31	,	,	PUNCT
ftr-442	303	32	allocated	allocate	VERB
ftr-442	303	33	solely	solely	ADV
ftr-442	303	34	to	to	ADP
ftr-442	303	35	the	the	DET
ftr-442	303	36	contributing	contribute	VERB
ftr-442	303	37	partner	partner	NOUN
ftr-442	303	38	-	-	PUNCT
ftr-442	303	39	was	be	AUX
ftr-442	303	40	initially	initially	ADV
ftr-442	303	41	elective	elective	ADJ
ftr-442	303	42	,	,	PUNCT
ftr-442	303	43	but	but	CCONJ
ftr-442	303	44	in	in	ADP
ftr-442	303	45	1984	1984	NUM
ftr-442	303	46	it	it	PRON
ftr-442	303	47	became	become	VERB
ftr-442	303	48	mandatory	mandatory	ADJ
ftr-442	303	49	.	.	PUNCT
ftr-442	304	1	6	6	NUM
ftr-442	304	2	as	as	ADV
ftr-442	304	3	originally	originally	ADV
ftr-442	304	4	enacted	enact	VERB
ftr-442	304	5	,	,	PUNCT
ftr-442	304	6	the	the	DET
ftr-442	304	7	mandatory	mandatory	ADJ
ftr-442	304	8	version	version	NOUN
ftr-442	304	9	of	of	ADP
ftr-442	304	10	section	section	NOUN
ftr-442	304	11	704(c)(1)(a	704(c)(1)(a	PROPN
ftr-442	304	12	)	)	PUNCT
ftr-442	304	13	was	be	AUX
ftr-442	304	14	circumvented	circumvent	VERB
ftr-442	304	15	if	if	SCONJ
ftr-442	304	16	contributed	contribute	VERB
ftr-442	304	17	property	property	NOUN
ftr-442	304	18	was	be	AUX
ftr-442	304	19	distributed	distribute	VERB
ftr-442	304	20	to	to	ADP
ftr-442	304	21	a	a	DET
ftr-442	304	22	partner	partner	NOUN
ftr-442	304	23	other	other	ADJ
ftr-442	304	24	than	than	ADP
ftr-442	304	25	the	the	DET
ftr-442	304	26	contributing	contribute	VERB
ftr-442	304	27	partner	partner	NOUN
ftr-442	304	28	or	or	CCONJ
ftr-442	304	29	if	if	SCONJ
ftr-442	304	30	the	the	DET
ftr-442	304	31	contributing	contribute	VERB
ftr-442	304	32	partner	partner	NOUN
ftr-442	304	33	received	receive	VERB
ftr-442	304	34	a	a	DET
ftr-442	304	35	liquidating	liquidate	VERB
ftr-442	304	36	distribution	distribution	NOUN
ftr-442	304	37	of	of	ADP
ftr-442	304	38	property	property	NOUN
ftr-442	304	39	other	other	ADJ
ftr-442	304	40	than	than	ADP
ftr-442	304	41	the	the	DET
ftr-442	304	42	contributed	contribute	VERB
ftr-442	304	43	property	property	NOUN
ftr-442	304	44	before	before	SCONJ
ftr-442	304	45	gain	gain	NOUN
ftr-442	304	46	or	or	CCONJ
ftr-442	304	47	loss	loss	NOUN
ftr-442	304	48	was	be	AUX
ftr-442	304	49	recognized	recognize	VERB
ftr-442	304	50	on	on	ADP
ftr-442	304	51	the	the	DET
ftr-442	304	52	contributed	contribute	VERB
ftr-442	304	53	property	property	NOUN
ftr-442	304	54	.	.	PUNCT
ftr-442	305	1	the	the	DET
ftr-442	305	2	distribution	distribution	NOUN
ftr-442	305	3	loophole	loophole	NOUN
ftr-442	305	4	was	be	AUX
ftr-442	305	5	closed	close	VERB
ftr-442	305	6	in	in	ADP
ftr-442	305	7	1989	1989	NUM
ftr-442	305	8	,	,	PUNCT
ftr-442	305	9	and	and	CCONJ
ftr-442	305	10	the	the	DET
ftr-442	305	11	prerecognition	prerecognition	NOUN
ftr-442	305	12	-	-	PUNCT
ftr-442	305	13	exit	exit	NOUN
ftr-442	305	14	loophole	loophole	NOUN
ftr-442	305	15	was	be	AUX
ftr-442	305	16	closed	close	VERB
ftr-442	305	17	in	in	ADP
ftr-442	305	18	1992.27	1992.27	NUM
ftr-442	305	19	the	the	DET
ftr-442	305	20	history	history	NOUN
ftr-442	305	21	of	of	ADP
ftr-442	305	22	section	section	NOUN
ftr-442	305	23	704(c)(1)(a	704(c)(1)(a	PROPN
ftr-442	305	24	)	)	PUNCT
ftr-442	305	25	has	have	AUX
ftr-442	305	26	been	be	AUX
ftr-442	305	27	repeated	repeat	VERB
ftr-442	305	28	in	in	ADP
ftr-442	305	29	several	several	ADJ
ftr-442	305	30	other	other	ADJ
ftr-442	305	31	contexts	context	NOUN
ftr-442	305	32	involving	involve	VERB
ftr-442	305	33	partnership	partnership	NOUN
ftr-442	305	34	distributions	distribution	NOUN
ftr-442	305	35	.	.	PUNCT
ftr-442	306	1	congress	congress	PROPN
ftr-442	306	2	perceives	perceive	VERB
ftr-442	306	3	loopholes	loophole	NOUN
ftr-442	306	4	and	and	CCONJ
ftr-442	306	5	legislates	legislate	VERB
ftr-442	306	6	to	to	PART
ftr-442	306	7	close	close	VERB
ftr-442	306	8	them	they	PRON
ftr-442	306	9	,	,	PUNCT
ftr-442	306	10	but	but	CCONJ
ftr-442	306	11	the	the	DET
ftr-442	306	12	legislation	legislation	NOUN
ftr-442	306	13	and	and	CCONJ
ftr-442	306	14	the	the	DET
ftr-442	306	15	often	often	ADV
ftr-442	306	16	lengthy	lengthy	ADJ
ftr-442	306	17	regulations	regulation	NOUN
ftr-442	306	18	needed	need	VERB
ftr-442	306	19	to	to	PART
ftr-442	306	20	implement	implement	VERB
ftr-442	306	21	the	the	DET
ftr-442	306	22	legislation	legislation	NOUN
ftr-442	306	23	expose	expose	VERB
ftr-442	306	24	other	other	ADJ
ftr-442	306	25	shifting	shift	VERB
ftr-442	306	26	opportunities	opportunity	NOUN
ftr-442	306	27	,	,	PUNCT
ftr-442	306	28	26	26	NUM
ftr-442	306	29	.	.	PUNCT
ftr-442	307	1	see	see	VERB
ftr-442	307	2	act	act	VERB
ftr-442	307	3	effective	effective	ADJ
ftr-442	307	4	march	march	PROPN
ftr-442	307	5	31	31	NUM
ftr-442	307	6	,	,	PUNCT
ftr-442	307	7	1984	1984	NUM
ftr-442	307	8	,	,	PUNCT
ftr-442	307	9	§	§	NOUN
ftr-442	307	10	71(a	71(a	NUM
ftr-442	307	11	)	)	PUNCT
ftr-442	307	12	,	,	PUNCT
ftr-442	307	13	pub	pub	NOUN
ftr-442	307	14	.	.	PUNCT
ftr-442	308	1	l	l	NOUN
ftr-442	309	1	no	no	INTJ
ftr-442	309	2	.	.	NOUN
ftr-442	309	3	98	98	NUM
ftr-442	309	4	-	-	SYM
ftr-442	309	5	369	369	NUM
ftr-442	309	6	,	,	PUNCT
ftr-442	309	7	26	26	NUM
ftr-442	309	8	u.s.c	u.s.c	ADJ
ftr-442	309	9	.	.	PUNCT
ftr-442	310	1	704	704	NUM
ftr-442	310	2	.	.	PUNCT
ftr-442	311	1	27	27	NUM
ftr-442	311	2	.	.	PUNCT
ftr-442	312	1	see	see	VERB
ftr-442	312	2	irc	irc	PROPN
ftr-442	312	3	§	§	PROPN
ftr-442	312	4	§	§	PROPN
ftr-442	312	5	704(c)(1)(b	704(c)(1)(b	PROPN
ftr-442	312	6	)	)	PUNCT
ftr-442	312	7	,	,	PUNCT
ftr-442	312	8	737	737	NUM
ftr-442	312	9	.	.	PUNCT
ftr-442	312	10	1999	1999	NUM
ftr-442	312	11	]	]	PUNCT
ftr-442	313	1	florida	florida	PROPN
ftr-442	313	2	tax	tax	NOUN
ftr-442	313	3	review	review	NOUN
ftr-442	313	4	requiring	require	VERB
ftr-442	313	5	further	further	ADJ
ftr-442	313	6	legislation	legislation	NOUN
ftr-442	313	7	and	and	CCONJ
ftr-442	313	8	regulations	regulation	NOUN
ftr-442	313	9	to	to	PART
ftr-442	313	10	close	close	VERB
ftr-442	313	11	down	down	ADP
ftr-442	313	12	these	these	DET
ftr-442	313	13	possibilities	possibility	NOUN
ftr-442	313	14	.	.	PUNCT
ftr-442	314	1	as	as	ADP
ftr-442	314	2	with	with	ADP
ftr-442	314	3	partnership	partnership	NOUN
ftr-442	314	4	allocations	allocation	NOUN
ftr-442	314	5	,	,	PUNCT
ftr-442	314	6	the	the	DET
ftr-442	314	7	accumulated	accumulate	VERB
ftr-442	314	8	complexity	complexity	NOUN
ftr-442	314	9	is	be	AUX
ftr-442	314	10	difficult	difficult	ADJ
ftr-442	314	11	to	to	PART
ftr-442	314	12	comply	comply	VERB
ftr-442	314	13	with	with	ADP
ftr-442	314	14	,	,	PUNCT
ftr-442	314	15	even	even	ADV
ftr-442	314	16	by	by	ADP
ftr-442	314	17	taxpayers	taxpayer	NOUN
ftr-442	314	18	wanting	want	VERB
ftr-442	314	19	to	to	PART
ftr-442	314	20	comply	comply	VERB
ftr-442	314	21	,	,	PUNCT
ftr-442	314	22	and	and	CCONJ
ftr-442	314	23	provides	provide	VERB
ftr-442	314	24	cover	cover	NOUN
ftr-442	314	25	for	for	ADP
ftr-442	314	26	even	even	ADV
ftr-442	314	27	modestly	modestly	ADV
ftr-442	314	28	clever	clever	ADJ
ftr-442	314	29	efforts	effort	NOUN
ftr-442	314	30	to	to	PART
ftr-442	314	31	evade	evade	VERB
ftr-442	314	32	the	the	DET
ftr-442	314	33	rules	rule	NOUN
ftr-442	314	34	.	.	PUNCT
ftr-442	315	1	most	most	ADJ
ftr-442	315	2	of	of	ADP
ftr-442	315	3	these	these	DET
ftr-442	315	4	shifting	shift	VERB
ftr-442	315	5	opportunities	opportunity	NOUN
ftr-442	315	6	could	could	AUX
ftr-442	315	7	be	be	AUX
ftr-442	315	8	foreclosed	foreclose	VERB
ftr-442	315	9	by	by	ADP
ftr-442	315	10	requiring	require	VERB
ftr-442	315	11	partners	partner	NOUN
ftr-442	315	12	to	to	PART
ftr-442	315	13	recognize	recognize	VERB
ftr-442	315	14	gain	gain	NOUN
ftr-442	315	15	or	or	CCONJ
ftr-442	315	16	loss	loss	NOUN
ftr-442	315	17	on	on	ADP
ftr-442	315	18	all	all	DET
ftr-442	315	19	contributions	contribution	NOUN
ftr-442	315	20	to	to	ADP
ftr-442	315	21	partnerships	partnership	NOUN
ftr-442	315	22	and	and	CCONJ
ftr-442	315	23	by	by	ADP
ftr-442	315	24	requiring	require	VERB
ftr-442	315	25	partnerships	partnership	NOUN
ftr-442	315	26	to	to	PART
ftr-442	315	27	recognize	recognize	VERB
ftr-442	315	28	gain	gain	NOUN
ftr-442	315	29	or	or	CCONJ
ftr-442	315	30	loss	loss	NOUN
ftr-442	315	31	on	on	ADP
ftr-442	315	32	all	all	DET
ftr-442	315	33	distributions	distribution	NOUN
ftr-442	315	34	.	.	PUNCT
ftr-442	316	1	a	a	DET
ftr-442	316	2	gain	gain	NOUN
ftr-442	316	3	recognition	recognition	NOUN
ftr-442	316	4	rule	rule	NOUN
ftr-442	316	5	could	could	AUX
ftr-442	316	6	be	be	AUX
ftr-442	316	7	easily	easily	ADV
ftr-442	316	8	understood	understand	VERB
ftr-442	316	9	by	by	ADP
ftr-442	316	10	taxpayers	taxpayer	NOUN
ftr-442	316	11	,	,	PUNCT
ftr-442	316	12	and	and	CCONJ
ftr-442	316	13	although	although	SCONJ
ftr-442	316	14	it	it	PRON
ftr-442	316	15	would	would	AUX
ftr-442	316	16	require	require	VERB
ftr-442	316	17	valuation	valuation	NOUN
ftr-442	316	18	of	of	ADP
ftr-442	316	19	all	all	PRON
ftr-442	316	20	contributed	contribute	VERB
ftr-442	316	21	and	and	CCONJ
ftr-442	316	22	distributed	distribute	VERB
ftr-442	316	23	property	property	NOUN
ftr-442	316	24	,	,	PUNCT
ftr-442	316	25	it	it	PRON
ftr-442	316	26	surely	surely	ADV
ftr-442	316	27	would	would	AUX
ftr-442	316	28	be	be	AUX
ftr-442	316	29	less	less	ADV
ftr-442	316	30	difficult	difficult	ADJ
ftr-442	316	31	to	to	PART
ftr-442	316	32	administer	administer	VERB
ftr-442	316	33	than	than	ADP
ftr-442	316	34	the	the	DET
ftr-442	316	35	present	present	ADJ
ftr-442	316	36	rules	rule	NOUN
ftr-442	316	37	.	.	PUNCT
ftr-442	317	1	requiring	require	VERB
ftr-442	317	2	recognition	recognition	NOUN
ftr-442	317	3	on	on	ADP
ftr-442	317	4	all	all	DET
ftr-442	317	5	contributions	contribution	NOUN
ftr-442	317	6	might	might	AUX
ftr-442	317	7	be	be	AUX
ftr-442	317	8	seen	see	VERB
ftr-442	317	9	as	as	ADP
ftr-442	317	10	erecting	erect	VERB
ftr-442	317	11	an	an	DET
ftr-442	317	12	unwise	unwise	ADJ
ftr-442	317	13	impediment	impediment	NOUN
ftr-442	317	14	to	to	ADP
ftr-442	317	15	business	business	NOUN
ftr-442	317	16	formations	formation	NOUN
ftr-442	317	17	.	.	PUNCT
ftr-442	318	1	it	it	PRON
ftr-442	318	2	has	have	AUX
ftr-442	318	3	traditionally	traditionally	ADV
ftr-442	318	4	been	be	AUX
ftr-442	318	5	possible	possible	ADJ
ftr-442	318	6	to	to	PART
ftr-442	318	7	organize	organize	VERB
ftr-442	318	8	a	a	DET
ftr-442	318	9	business	business	NOUN
ftr-442	318	10	entity	entity	NOUN
ftr-442	318	11	tax	tax	NOUN
ftr-442	318	12	-	-	PUNCT
ftr-442	318	13	free	free	ADJ
ftr-442	318	14	whether	whether	SCONJ
ftr-442	318	15	the	the	DET
ftr-442	318	16	entity	entity	NOUN
ftr-442	318	17	is	be	AUX
ftr-442	318	18	a	a	DET
ftr-442	318	19	corporation	corporation	NOUN
ftr-442	318	20	,	,	PUNCT
ftr-442	318	21	partnership	partnership	NOUN
ftr-442	318	22	,	,	PUNCT
ftr-442	318	23	or	or	CCONJ
ftr-442	318	24	other	other	ADJ
ftr-442	318	25	form	form	NOUN
ftr-442	318	26	of	of	ADP
ftr-442	318	27	organization	organization	NOUN
ftr-442	318	28	.	.	PUNCT
ftr-442	319	1	under	under	ADP
ftr-442	319	2	section	section	NOUN
ftr-442	319	3	351	351	NUM
ftr-442	319	4	,	,	PUNCT
ftr-442	319	5	a	a	DET
ftr-442	319	6	transfer	transfer	NOUN
ftr-442	319	7	of	of	ADP
ftr-442	319	8	property	property	NOUN
ftr-442	319	9	to	to	ADP
ftr-442	319	10	a	a	DET
ftr-442	319	11	corporation	corporation	NOUN
ftr-442	319	12	in	in	ADP
ftr-442	319	13	exchange	exchange	NOUN
ftr-442	319	14	for	for	ADP
ftr-442	319	15	stock	stock	NOUN
ftr-442	319	16	is	be	AUX
ftr-442	319	17	a	a	DET
ftr-442	319	18	nonrecognition	nonrecognition	NOUN
ftr-442	319	19	transaction	transaction	NOUN
ftr-442	319	20	for	for	ADP
ftr-442	319	21	the	the	DET
ftr-442	319	22	transferor	transferor	NOUN
ftr-442	319	23	only	only	ADV
ftr-442	319	24	if	if	SCONJ
ftr-442	319	25	the	the	DET
ftr-442	319	26	transferor	transferor	NOUN
ftr-442	319	27	(	(	PUNCT
ftr-442	319	28	together	together	ADV
ftr-442	319	29	with	with	ADP
ftr-442	319	30	others	other	NOUN
ftr-442	319	31	making	make	VERB
ftr-442	319	32	contemporaneous	contemporaneous	ADJ
ftr-442	319	33	transfers	transfer	NOUN
ftr-442	319	34	)	)	PUNCT
ftr-442	319	35	holds	hold	VERB
ftr-442	319	36	at	at	ADV
ftr-442	319	37	least	least	ADV
ftr-442	319	38	80	80	NUM
ftr-442	319	39	%	%	NOUN
ftr-442	319	40	of	of	ADP
ftr-442	319	41	the	the	DET
ftr-442	319	42	corporation	corporation	NOUN
ftr-442	319	43	's	's	PART
ftr-442	319	44	stock	stock	NOUN
ftr-442	319	45	immediately	immediately	ADV
ftr-442	319	46	after	after	ADP
ftr-442	319	47	the	the	DET
ftr-442	319	48	transaction	transaction	NOUN
ftr-442	319	49	.	.	PUNCT
ftr-442	320	1	section	section	NOUN
ftr-442	320	2	721	721	NUM
ftr-442	320	3	is	be	AUX
ftr-442	320	4	more	more	ADV
ftr-442	320	5	liberal	liberal	ADJ
ftr-442	320	6	,	,	PUNCT
ftr-442	320	7	allowing	allow	VERB
ftr-442	320	8	nonrecognition	nonrecognition	NOUN
ftr-442	320	9	on	on	ADP
ftr-442	320	10	a	a	DET
ftr-442	320	11	transfer	transfer	NOUN
ftr-442	320	12	to	to	ADP
ftr-442	320	13	a	a	DET
ftr-442	320	14	partnership	partnership	NOUN
ftr-442	320	15	in	in	ADP
ftr-442	320	16	exchange	exchange	NOUN
ftr-442	320	17	for	for	ADP
ftr-442	320	18	a	a	DET
ftr-442	320	19	partnership	partnership	NOUN
ftr-442	320	20	interest	interest	NOUN
ftr-442	320	21	,	,	PUNCT
ftr-442	320	22	regardless	regardless	ADV
ftr-442	320	23	of	of	ADP
ftr-442	320	24	the	the	DET
ftr-442	320	25	transferor	transferor	NOUN
ftr-442	320	26	's	's	PART
ftr-442	320	27	proportionate	proportionate	ADJ
ftr-442	320	28	interest	interest	NOUN
ftr-442	320	29	.	.	PUNCT
ftr-442	321	1	given	give	VERB
ftr-442	321	2	its	its	PRON
ftr-442	321	3	long	long	ADJ
ftr-442	321	4	history	history	NOUN
ftr-442	321	5	and	and	CCONJ
ftr-442	321	6	role	role	NOUN
ftr-442	321	7	in	in	ADP
ftr-442	321	8	facilitating	facilitate	VERB
ftr-442	321	9	business	business	NOUN
ftr-442	321	10	formations	formation	NOUN
ftr-442	321	11	,	,	PUNCT
ftr-442	321	12	the	the	DET
ftr-442	321	13	principle	principle	NOUN
ftr-442	321	14	of	of	ADP
ftr-442	321	15	tax	tax	NOUN
ftr-442	321	16	-	-	PUNCT
ftr-442	321	17	free	free	ADJ
ftr-442	321	18	formation	formation	NOUN
ftr-442	321	19	should	should	AUX
ftr-442	321	20	not	not	PART
ftr-442	321	21	be	be	AUX
ftr-442	321	22	abandoned	abandon	VERB
ftr-442	321	23	for	for	ADP
ftr-442	321	24	partnerships	partnership	NOUN
ftr-442	321	25	,	,	PUNCT
ftr-442	321	26	at	at	ADP
ftr-442	321	27	least	least	ADJ
ftr-442	321	28	so	so	ADV
ftr-442	321	29	long	long	ADV
ftr-442	321	30	as	as	SCONJ
ftr-442	321	31	it	it	PRON
ftr-442	321	32	continues	continue	VERB
ftr-442	321	33	to	to	PART
ftr-442	321	34	reign	reign	VERB
ftr-442	321	35	in	in	ADP
ftr-442	321	36	the	the	DET
ftr-442	321	37	corporate	corporate	ADJ
ftr-442	321	38	context	context	NOUN
ftr-442	321	39	.	.	PUNCT
ftr-442	322	1	however	however	ADV
ftr-442	322	2	,	,	PUNCT
ftr-442	322	3	under	under	ADP
ftr-442	322	4	sections	section	NOUN
ftr-442	322	5	311	311	NUM
ftr-442	322	6	and	and	CCONJ
ftr-442	322	7	336	336	NUM
ftr-442	322	8	,	,	PUNCT
ftr-442	322	9	a	a	DET
ftr-442	322	10	corporation	corporation	NOUN
ftr-442	322	11	distributing	distribute	VERB
ftr-442	322	12	property	property	NOUN
ftr-442	322	13	to	to	ADP
ftr-442	322	14	its	its	PRON
ftr-442	322	15	shareholders	shareholder	NOUN
ftr-442	322	16	must	must	AUX
ftr-442	322	17	recognize	recognize	VERB
ftr-442	322	18	gain	gain	NOUN
ftr-442	322	19	(	(	PUNCT
ftr-442	322	20	and	and	CCONJ
ftr-442	322	21	sometimes	sometimes	ADV
ftr-442	322	22	loss	loss	NOUN
ftr-442	322	23	)	)	PUNCT
ftr-442	322	24	as	as	SCONJ
ftr-442	322	25	though	though	SCONJ
ftr-442	322	26	it	it	PRON
ftr-442	322	27	had	have	AUX
ftr-442	322	28	sold	sell	VERB
ftr-442	322	29	the	the	DET
ftr-442	322	30	property	property	NOUN
ftr-442	322	31	to	to	ADP
ftr-442	322	32	the	the	DET
ftr-442	322	33	distributees	distributee	NOUN
ftr-442	322	34	.	.	PUNCT
ftr-442	323	1	this	this	DET
ftr-442	323	2	principle	principle	NOUN
ftr-442	323	3	applies	apply	VERB
ftr-442	323	4	to	to	ADP
ftr-442	323	5	s	s	PROPN
ftr-442	323	6	corporations	corporation	NOUN
ftr-442	323	7	,	,	PUNCT
ftr-442	323	8	as	as	ADV
ftr-442	323	9	well	well	ADV
ftr-442	323	10	as	as	ADP
ftr-442	323	11	c	c	PROPN
ftr-442	323	12	corporations	corporation	NOUN
ftr-442	323	13	,	,	PUNCT
ftr-442	323	14	establishing	establish	VERB
ftr-442	323	15	a	a	DET
ftr-442	323	16	history	history	NOUN
ftr-442	323	17	of	of	ADP
ftr-442	323	18	gain	gain	NOUN
ftr-442	323	19	recognition	recognition	NOUN
ftr-442	323	20	on	on	ADP
ftr-442	323	21	distributions	distribution	NOUN
ftr-442	323	22	by	by	ADP
ftr-442	323	23	pass	pass	NOUN
ftr-442	323	24	-	-	PUNCT
ftr-442	323	25	through	through	ADP
ftr-442	323	26	entities	entity	NOUN
ftr-442	323	27	.	.	PUNCT
ftr-442	324	1	congress	congress	PROPN
ftr-442	324	2	and	and	CCONJ
ftr-442	324	3	the	the	DET
ftr-442	324	4	treasury	treasury	NOUN
ftr-442	324	5	have	have	AUX
ftr-442	324	6	repeatedly	repeatedly	ADV
ftr-442	324	7	found	find	VERB
ftr-442	324	8	it	it	PRON
ftr-442	324	9	necessary	necessary	ADJ
ftr-442	324	10	to	to	PART
ftr-442	324	11	add	add	VERB
ftr-442	324	12	layers	layer	NOUN
ftr-442	324	13	of	of	ADP
ftr-442	324	14	complexity	complexity	NOUN
ftr-442	324	15	to	to	PART
ftr-442	324	16	stop	stop	VERB
ftr-442	324	17	abuses	abuse	NOUN
ftr-442	324	18	involving	involve	VERB
ftr-442	324	19	partnership	partnership	NOUN
ftr-442	324	20	distributions	distribution	NOUN
ftr-442	324	21	.	.	PUNCT
ftr-442	325	1	requiring	require	VERB
ftr-442	325	2	recognition	recognition	NOUN
ftr-442	325	3	on	on	ADP
ftr-442	325	4	distribution	distribution	NOUN
ftr-442	325	5	is	be	AUX
ftr-442	325	6	probably	probably	ADV
ftr-442	325	7	less	less	ADV
ftr-442	325	8	disruptive	disruptive	ADJ
ftr-442	325	9	of	of	ADP
ftr-442	325	10	legitimate	legitimate	ADJ
ftr-442	325	11	business	business	NOUN
ftr-442	325	12	operations	operation	NOUN
ftr-442	325	13	than	than	SCONJ
ftr-442	325	14	would	would	AUX
ftr-442	325	15	be	be	AUX
ftr-442	325	16	recognition	recognition	NOUN
ftr-442	325	17	on	on	ADP
ftr-442	325	18	contribution	contribution	NOUN
ftr-442	325	19	.	.	PUNCT
ftr-442	326	1	recognition	recognition	NOUN
ftr-442	326	2	on	on	ADP
ftr-442	326	3	distribution	distribution	NOUN
ftr-442	326	4	would	would	AUX
ftr-442	326	5	obviate	obviate	VERB
ftr-442	326	6	the	the	DET
ftr-442	326	7	need	need	NOUN
ftr-442	326	8	for	for	ADP
ftr-442	326	9	much	much	ADJ
ftr-442	326	10	complexity	complexity	NOUN
ftr-442	326	11	and	and	CCONJ
ftr-442	326	12	be	be	AUX
ftr-442	326	13	a	a	DET
ftr-442	326	14	more	more	ADV
ftr-442	326	15	effective	effective	ADJ
ftr-442	326	16	guard	guard	NOUN
ftr-442	326	17	against	against	ADP
ftr-442	326	18	manipulation	manipulation	NOUN
ftr-442	326	19	than	than	ADP
ftr-442	326	20	the	the	DET
ftr-442	326	21	present	present	ADJ
ftr-442	326	22	patchwork	patchwork	NOUN
ftr-442	326	23	of	of	ADP
ftr-442	326	24	permissiveness	permissiveness	NOUN
ftr-442	326	25	and	and	CCONJ
ftr-442	326	26	complex	complex	ADJ
ftr-442	326	27	limitation	limitation	NOUN
ftr-442	326	28	.	.	PUNCT
ftr-442	327	1	v.	v.	ADP
ftr-442	327	2	a	a	DET
ftr-442	327	3	radical	radical	ADJ
ftr-442	327	4	solution	solution	NOUN
ftr-442	327	5	subchapter	subchapter	NOUN
ftr-442	327	6	k	k	PROPN
ftr-442	327	7	suffers	suffer	VERB
ftr-442	327	8	from	from	ADP
ftr-442	327	9	two	two	NUM
ftr-442	327	10	fundamental	fundamental	ADJ
ftr-442	327	11	flaws	flaw	NOUN
ftr-442	327	12	:	:	PUNCT
ftr-442	327	13	it	it	PRON
ftr-442	327	14	is	be	AUX
ftr-442	327	15	so	so	ADV
ftr-442	327	16	complicated	complicated	ADJ
ftr-442	327	17	that	that	SCONJ
ftr-442	327	18	many	many	ADJ
ftr-442	327	19	partnerships	partnership	NOUN
ftr-442	327	20	can	can	AUX
ftr-442	327	21	not	not	PART
ftr-442	327	22	reasonably	reasonably	ADV
ftr-442	327	23	be	be	AUX
ftr-442	327	24	expected	expect	VERB
ftr-442	327	25	to	to	PART
ftr-442	327	26	comply	comply	VERB
ftr-442	327	27	with	with	ADP
ftr-442	327	28	its	its	PRON
ftr-442	327	29	rules	rule	NOUN
ftr-442	327	30	,	,	PUNCT
ftr-442	327	31	and	and	CCONJ
ftr-442	327	32	even	even	ADV
ftr-442	327	33	when	when	SCONJ
ftr-442	327	34	these	these	DET
ftr-442	327	35	complex	complex	ADJ
ftr-442	327	36	rules	rule	NOUN
ftr-442	327	37	are	be	AUX
ftr-442	327	38	fully	fully	ADV
ftr-442	327	39	obeyed	obey	VERB
ftr-442	327	40	,	,	PUNCT
ftr-442	327	41	the	the	DET
ftr-442	327	42	tax	tax	NOUN
ftr-442	327	43	results	result	NOUN
ftr-442	327	44	do	do	AUX
ftr-442	327	45	not	not	PART
ftr-442	327	46	necessarily	necessarily	ADV
ftr-442	327	47	reflect	reflect	VERB
ftr-442	327	48	the	the	DET
ftr-442	327	49	economic	economic	ADJ
ftr-442	327	50	realities	reality	NOUN
ftr-442	327	51	of	of	ADP
ftr-442	327	52	the	the	DET
ftr-442	327	53	partners	partner	NOUN
ftr-442	327	54	'	'	PART
ftr-442	327	55	investments	investment	NOUN
ftr-442	327	56	.	.	PUNCT
ftr-442	328	1	[	[	X
ftr-442	328	2	vol	vol	NOUN
ftr-442	328	3	4:3	4:3	NUM
ftr-442	328	4	taxation	taxation	NOUN
ftr-442	328	5	of	of	ADP
ftr-442	328	6	private	private	ADJ
ftr-442	328	7	business	business	NOUN
ftr-442	328	8	firms	firm	NOUN
ftr-442	328	9	the	the	DET
ftr-442	328	10	most	most	ADV
ftr-442	328	11	pervasive	pervasive	ADJ
ftr-442	328	12	and	and	CCONJ
ftr-442	328	13	consequential	consequential	ADJ
ftr-442	328	14	of	of	ADP
ftr-442	328	15	these	these	DET
ftr-442	328	16	problems	problem	NOUN
ftr-442	328	17	is	be	AUX
ftr-442	328	18	probably	probably	ADV
ftr-442	328	19	complexity	complexity	NOUN
ftr-442	328	20	.	.	PUNCT
ftr-442	329	1	it	it	PRON
ftr-442	329	2	could	could	AUX
ftr-442	329	3	be	be	AUX
ftr-442	329	4	addressed	address	VERB
ftr-442	329	5	by	by	ADP
ftr-442	329	6	returning	return	VERB
ftr-442	329	7	to	to	ADP
ftr-442	329	8	a	a	DET
ftr-442	329	9	regime	regime	NOUN
ftr-442	329	10	much	much	ADV
ftr-442	329	11	closer	close	ADV
ftr-442	329	12	to	to	ADP
ftr-442	329	13	the	the	DET
ftr-442	329	14	subchapter	subchapter	NOUN
ftr-442	329	15	k	k	NOUN
ftr-442	329	16	of	of	ADP
ftr-442	329	17	1954	1954	NUM
ftr-442	329	18	.	.	PUNCT
ftr-442	330	1	for	for	ADP
ftr-442	330	2	example	example	NOUN
ftr-442	330	3	,	,	PUNCT
ftr-442	330	4	the	the	DET
ftr-442	330	5	complexity	complexity	NOUN
ftr-442	330	6	of	of	ADP
ftr-442	330	7	the	the	DET
ftr-442	330	8	allocation	allocation	NOUN
ftr-442	330	9	regulations	regulation	NOUN
ftr-442	330	10	could	could	AUX
ftr-442	330	11	be	be	AUX
ftr-442	330	12	alleviated	alleviate	VERB
ftr-442	330	13	by	by	ADP
ftr-442	330	14	a	a	DET
ftr-442	330	15	much	much	ADV
ftr-442	330	16	simpler	simple	ADJ
ftr-442	330	17	statement	statement	NOUN
ftr-442	330	18	of	of	ADP
ftr-442	330	19	the	the	DET
ftr-442	330	20	capital	capital	NOUN
ftr-442	330	21	account	account	NOUN
ftr-442	330	22	procedures	procedure	NOUN
ftr-442	330	23	.	.	PUNCT
ftr-442	331	1	the	the	DET
ftr-442	331	2	primary	primary	ADJ
ftr-442	331	3	goal	goal	NOUN
ftr-442	331	4	in	in	ADP
ftr-442	331	5	this	this	DET
ftr-442	331	6	simplified	simplify	VERB
ftr-442	331	7	restatement	restatement	NOUN
ftr-442	331	8	would	would	AUX
ftr-442	331	9	be	be	AUX
ftr-442	331	10	to	to	PART
ftr-442	331	11	ensure	ensure	VERB
ftr-442	331	12	that	that	SCONJ
ftr-442	331	13	allocations	allocation	NOUN
ftr-442	331	14	have	have	VERB
ftr-442	331	15	economic	economic	ADJ
ftr-442	331	16	effect	effect	NOUN
ftr-442	331	17	,	,	PUNCT
ftr-442	331	18	and	and	CCONJ
ftr-442	331	19	the	the	DET
ftr-442	331	20	substantiality	substantiality	NOUN
ftr-442	331	21	of	of	ADP
ftr-442	331	22	the	the	DET
ftr-442	331	23	allocations	allocation	NOUN
ftr-442	331	24	'	'	PART
ftr-442	331	25	economic	economic	ADJ
ftr-442	331	26	effects	effect	NOUN
ftr-442	331	27	would	would	AUX
ftr-442	331	28	be	be	AUX
ftr-442	331	29	considered	consider	VERB
ftr-442	331	30	only	only	ADV
ftr-442	331	31	to	to	ADP
ftr-442	331	32	the	the	DET
ftr-442	331	33	extent	extent	NOUN
ftr-442	331	34	that	that	SCONJ
ftr-442	331	35	substantiality	substantiality	NOUN
ftr-442	331	36	constraints	constraint	NOUN
ftr-442	331	37	can	can	AUX
ftr-442	331	38	be	be	AUX
ftr-442	331	39	simply	simply	ADV
ftr-442	331	40	stated	state	VERB
ftr-442	331	41	and	and	CCONJ
ftr-442	331	42	easily	easily	ADV
ftr-442	331	43	applied	apply	VERB
ftr-442	331	44	.	.	PUNCT
ftr-442	332	1	the	the	DET
ftr-442	332	2	rules	rule	NOUN
ftr-442	332	3	on	on	ADP
ftr-442	332	4	shifting	shift	VERB
ftr-442	332	5	tax	tax	NOUN
ftr-442	332	6	consequences	consequence	NOUN
ftr-442	332	7	and	and	CCONJ
ftr-442	332	8	transitory	transitory	ADJ
ftr-442	332	9	allocations	allocation	NOUN
ftr-442	332	10	would	would	AUX
ftr-442	332	11	probably	probably	ADV
ftr-442	332	12	disappear	disappear	VERB
ftr-442	332	13	.	.	PUNCT
ftr-442	333	1	however	however	ADV
ftr-442	333	2	,	,	PUNCT
ftr-442	333	3	this	this	DET
ftr-442	333	4	approach	approach	NOUN
ftr-442	333	5	would	would	AUX
ftr-442	333	6	aggravate	aggravate	VERB
ftr-442	333	7	misallocation	misallocation	NOUN
ftr-442	333	8	problems	problem	NOUN
ftr-442	333	9	,	,	PUNCT
ftr-442	333	10	and	and	CCONJ
ftr-442	333	11	for	for	ADP
ftr-442	333	12	more	more	ADJ
ftr-442	333	13	than	than	ADP
ftr-442	333	14	20	20	NUM
ftr-442	333	15	years	year	NOUN
ftr-442	333	16	,	,	PUNCT
ftr-442	333	17	successive	successive	ADJ
ftr-442	333	18	congresses	congress	NOUN
ftr-442	333	19	have	have	AUX
ftr-442	333	20	found	find	VERB
ftr-442	333	21	unacceptable	unacceptable	ADJ
ftr-442	333	22	the	the	DET
ftr-442	333	23	potentials	potential	NOUN
ftr-442	333	24	for	for	ADP
ftr-442	333	25	abuse	abuse	NOUN
ftr-442	333	26	arising	arise	VERB
ftr-442	333	27	from	from	ADP
ftr-442	333	28	unrestrained	unrestrained	ADJ
ftr-442	333	29	flexibility	flexibility	NOUN
ftr-442	333	30	.	.	PUNCT
ftr-442	334	1	turning	turn	VERB
ftr-442	334	2	back	back	ADP
ftr-442	334	3	the	the	DET
ftr-442	334	4	clock	clock	NOUN
ftr-442	334	5	seems	seem	VERB
ftr-442	334	6	not	not	PART
ftr-442	334	7	to	to	PART
ftr-442	334	8	be	be	AUX
ftr-442	334	9	a	a	DET
ftr-442	334	10	viable	viable	ADJ
ftr-442	334	11	option	option	NOUN
ftr-442	334	12	.	.	PUNCT
ftr-442	335	1	the	the	DET
ftr-442	335	2	problems	problem	NOUN
ftr-442	335	3	of	of	ADP
ftr-442	335	4	complexity	complexity	NOUN
ftr-442	335	5	and	and	CCONJ
ftr-442	335	6	misallocation	misallocation	NOUN
ftr-442	335	7	under	under	ADP
ftr-442	335	8	present	present	ADJ
ftr-442	335	9	law	law	NOUN
ftr-442	335	10	could	could	AUX
ftr-442	335	11	be	be	AUX
ftr-442	335	12	resolved	resolve	VERB
ftr-442	335	13	with	with	ADP
ftr-442	335	14	a	a	DET
ftr-442	335	15	radically	radically	ADV
ftr-442	335	16	different	different	ADJ
ftr-442	335	17	model	model	NOUN
ftr-442	335	18	of	of	ADP
ftr-442	335	19	pass	pass	VERB
ftr-442	335	20	-	-	PUNCT
ftr-442	335	21	through	through	ADP
ftr-442	335	22	taxation	taxation	NOUN
ftr-442	335	23	.	.	PUNCT
ftr-442	336	1	under	under	ADP
ftr-442	336	2	this	this	DET
ftr-442	336	3	model	model	NOUN
ftr-442	336	4	,	,	PUNCT
ftr-442	336	5	subchapters	subchapters	PROPN
ftr-442	336	6	k.	k.	PROPN
ftr-442	336	7	,	,	PUNCT
ftr-442	336	8	s	s	PROPN
ftr-442	336	9	,	,	PUNCT
ftr-442	336	10	and	and	CCONJ
ftr-442	336	11	c	c	PROPN
ftr-442	336	12	would	would	AUX
ftr-442	336	13	persist	persist	VERB
ftr-442	336	14	,	,	PUNCT
ftr-442	336	15	more	more	ADV
ftr-442	336	16	or	or	CCONJ
ftr-442	336	17	less	less	ADJ
ftr-442	336	18	as	as	ADP
ftr-442	336	19	under	under	ADP
ftr-442	336	20	present	present	ADJ
ftr-442	336	21	law	law	NOUN
ftr-442	336	22	,	,	PUNCT
ftr-442	336	23	but	but	CCONJ
ftr-442	336	24	the	the	DET
ftr-442	336	25	allocation	allocation	NOUN
ftr-442	336	26	of	of	ADP
ftr-442	336	27	business	business	NOUN
ftr-442	336	28	and	and	CCONJ
ftr-442	336	29	investment	investment	NOUN
ftr-442	336	30	firms	firm	NOUN
ftr-442	336	31	between	between	ADP
ftr-442	336	32	these	these	DET
ftr-442	336	33	regimes	regime	NOUN
ftr-442	336	34	would	would	AUX
ftr-442	336	35	be	be	AUX
ftr-442	336	36	changed	change	VERB
ftr-442	336	37	.	.	PUNCT
ftr-442	337	1	in	in	ADP
ftr-442	337	2	light	light	NOUN
ftr-442	337	3	of	of	ADP
ftr-442	337	4	two	two	NUM
ftr-442	337	5	signal	signal	ADJ
ftr-442	337	6	events	event	NOUN
ftr-442	337	7	in	in	ADP
ftr-442	337	8	the	the	DET
ftr-442	337	9	history	history	NOUN
ftr-442	337	10	of	of	ADP
ftr-442	337	11	entity	entity	NOUN
ftr-442	337	12	classification	classification	NOUN
ftr-442	337	13	-	-	PUNCT
ftr-442	337	14	widespread	widespread	ADJ
ftr-442	337	15	adoption	adoption	NOUN
ftr-442	337	16	of	of	ADP
ftr-442	337	17	limited	limited	ADJ
ftr-442	337	18	liability	liability	NOUN
ftr-442	337	19	company	company	NOUN
ftr-442	337	20	(	(	PUNCT
ftr-442	337	21	llc	llc	PROPN
ftr-442	337	22	)	)	PUNCT
ftr-442	337	23	laws	law	NOUN
ftr-442	337	24	and	and	CCONJ
ftr-442	337	25	the	the	DET
ftr-442	337	26	treasury	treasury	NOUN
ftr-442	337	27	's	's	PART
ftr-442	337	28	promulgation	promulgation	NOUN
ftr-442	337	29	of	of	ADP
ftr-442	337	30	the	the	DET
ftr-442	337	31	check	check	VERB
ftr-442	337	32	-	-	PUNCT
ftr-442	337	33	the	the	DET
ftr-442	337	34	-	-	PUNCT
ftr-442	337	35	box	box	NOUN
ftr-442	337	36	regulations	regulation	NOUN
ftr-442	337	37	-	-	PUNCT
ftr-442	337	38	it	it	PRON
ftr-442	337	39	no	no	ADV
ftr-442	337	40	longer	long	ADV
ftr-442	337	41	makes	make	VERB
ftr-442	337	42	sense	sense	NOUN
ftr-442	337	43	to	to	PART
ftr-442	337	44	classify	classify	VERB
ftr-442	337	45	entities	entity	NOUN
ftr-442	337	46	for	for	ADP
ftr-442	337	47	income	income	NOUN
ftr-442	337	48	tax	tax	NOUN
ftr-442	337	49	purposes	purpose	NOUN
ftr-442	337	50	with	with	ADP
ftr-442	337	51	reference	reference	NOUN
ftr-442	337	52	to	to	ADP
ftr-442	337	53	their	their	PRON
ftr-442	337	54	state	state	NOUN
ftr-442	337	55	-	-	PUNCT
ftr-442	337	56	law	law	NOUN
ftr-442	337	57	characterizations	characterization	NOUN
ftr-442	337	58	or	or	CCONJ
ftr-442	337	59	characteristics	characteristic	NOUN
ftr-442	337	60	.	.	PUNCT
ftr-442	338	1	whether	whether	SCONJ
ftr-442	338	2	a	a	DET
ftr-442	338	3	business	business	NOUN
ftr-442	338	4	entity	entity	NOUN
ftr-442	338	5	is	be	AUX
ftr-442	338	6	organized	organize	VERB
ftr-442	338	7	as	as	ADP
ftr-442	338	8	a	a	DET
ftr-442	338	9	partnership	partnership	NOUN
ftr-442	338	10	,	,	PUNCT
ftr-442	338	11	limited	limited	ADJ
ftr-442	338	12	liability	liability	NOUN
ftr-442	338	13	company	company	NOUN
ftr-442	338	14	,	,	PUNCT
ftr-442	338	15	corporation	corporation	NOUN
ftr-442	338	16	,	,	PUNCT
ftr-442	338	17	or	or	CCONJ
ftr-442	338	18	in	in	ADP
ftr-442	338	19	some	some	DET
ftr-442	338	20	other	other	ADJ
ftr-442	338	21	form	form	NOUN
ftr-442	338	22	should	should	AUX
ftr-442	338	23	not	not	PART
ftr-442	338	24	affect	affect	VERB
ftr-442	338	25	federal	federal	ADJ
ftr-442	338	26	tax	tax	NOUN
ftr-442	338	27	liabilities	liability	NOUN
ftr-442	338	28	.	.	PUNCT
ftr-442	339	1	instead	instead	ADV
ftr-442	339	2	,	,	PUNCT
ftr-442	339	3	income	income	NOUN
ftr-442	339	4	tax	tax	NOUN
ftr-442	339	5	classifications	classification	NOUN
ftr-442	339	6	should	should	AUX
ftr-442	339	7	depend	depend	VERB
ftr-442	339	8	on	on	ADP
ftr-442	339	9	factors	factor	NOUN
ftr-442	339	10	peculiarly	peculiarly	ADV
ftr-442	339	11	relevant	relevant	ADJ
ftr-442	339	12	to	to	ADP
ftr-442	339	13	the	the	DET
ftr-442	339	14	income	income	NOUN
ftr-442	339	15	tax	tax	NOUN
ftr-442	339	16	laws	law	NOUN
ftr-442	339	17	.	.	PUNCT
ftr-442	340	1	the	the	DET
ftr-442	340	2	model	model	NOUN
ftr-442	340	3	proposed	propose	VERB
ftr-442	340	4	here	here	ADV
ftr-442	340	5	retains	retain	VERB
ftr-442	340	6	subchapters	subchapter	NOUN
ftr-442	340	7	k	k	PROPN
ftr-442	340	8	,	,	PUNCT
ftr-442	340	9	s	s	PROPN
ftr-442	340	10	,	,	PUNCT
ftr-442	340	11	and	and	CCONJ
ftr-442	340	12	c	c	NOUN
ftr-442	340	13	,	,	PUNCT
ftr-442	340	14	but	but	CCONJ
ftr-442	340	15	it	it	PRON
ftr-442	340	16	significantly	significantly	ADV
ftr-442	340	17	readjusts	readjust	VERB
ftr-442	340	18	the	the	DET
ftr-442	340	19	sorting	sorting	NOUN
ftr-442	340	20	of	of	ADP
ftr-442	340	21	entities	entity	NOUN
ftr-442	340	22	between	between	ADP
ftr-442	340	23	the	the	DET
ftr-442	340	24	three	three	NUM
ftr-442	340	25	categories	category	NOUN
ftr-442	340	26	,	,	PUNCT
ftr-442	340	27	and	and	CCONJ
ftr-442	340	28	it	it	PRON
ftr-442	340	29	also	also	ADV
ftr-442	340	30	makes	make	VERB
ftr-442	340	31	changes	change	NOUN
ftr-442	340	32	in	in	ADP
ftr-442	340	33	the	the	DET
ftr-442	340	34	rules	rule	NOUN
ftr-442	340	35	applicable	applicable	ADJ
ftr-442	340	36	to	to	ADP
ftr-442	340	37	entities	entity	NOUN
ftr-442	340	38	within	within	ADP
ftr-442	340	39	each	each	DET
ftr-442	340	40	category	category	NOUN
ftr-442	340	41	.	.	PUNCT
ftr-442	341	1	subchapter	subchapter	NOUN
ftr-442	341	2	k	k	PROPN
ftr-442	341	3	would	would	AUX
ftr-442	341	4	be	be	AUX
ftr-442	341	5	closed	close	VERB
ftr-442	341	6	to	to	ADP
ftr-442	341	7	all	all	DET
ftr-442	341	8	firms	firm	NOUN
ftr-442	341	9	other	other	ADJ
ftr-442	341	10	than	than	ADP
ftr-442	341	11	service	service	NOUN
ftr-442	341	12	firms	firm	NOUN
ftr-442	341	13	.	.	PUNCT
ftr-442	342	1	nonservice	nonservice	NOUN
ftr-442	342	2	firms	firm	NOUN
ftr-442	342	3	could	could	AUX
ftr-442	342	4	only	only	ADV
ftr-442	342	5	qualify	qualify	VERB
ftr-442	342	6	for	for	ADP
ftr-442	342	7	one	one	NUM
ftr-442	342	8	conduit	conduit	NOUN
ftr-442	342	9	regime	regime	NOUN
ftr-442	342	10	,	,	PUNCT
ftr-442	342	11	a	a	DET
ftr-442	342	12	revised	revise	VERB
ftr-442	342	13	subchapter	subchapter	NOUN
ftr-442	342	14	s	s	NOUN
ftr-442	342	15	that	that	PRON
ftr-442	342	16	would	would	AUX
ftr-442	342	17	encompass	encompass	VERB
ftr-442	342	18	partnerships	partnership	NOUN
ftr-442	342	19	and	and	CCONJ
ftr-442	342	20	limited	limited	ADJ
ftr-442	342	21	liability	liability	NOUN
ftr-442	342	22	companies	company	NOUN
ftr-442	342	23	,	,	PUNCT
ftr-442	342	24	as	as	ADV
ftr-442	342	25	well	well	ADV
ftr-442	342	26	as	as	ADP
ftr-442	342	27	corporations	corporation	NOUN
ftr-442	342	28	,	,	PUNCT
ftr-442	342	29	exhibiting	exhibit	VERB
ftr-442	342	30	the	the	DET
ftr-442	342	31	simple	simple	ADJ
ftr-442	342	32	ownership	ownership	NOUN
ftr-442	342	33	structure	structure	NOUN
ftr-442	342	34	historically	historically	ADV
ftr-442	342	35	required	require	VERB
ftr-442	342	36	of	of	ADP
ftr-442	342	37	s	s	NOUN
ftr-442	342	38	corporations	corporation	NOUN
ftr-442	342	39	.	.	PUNCT
ftr-442	343	1	subchapter	subchapter	NOUN
ftr-442	343	2	c	c	PROPN
ftr-442	343	3	would	would	AUX
ftr-442	343	4	also	also	ADV
ftr-442	343	5	be	be	AUX
ftr-442	343	6	broadened	broaden	VERB
ftr-442	343	7	to	to	PART
ftr-442	343	8	include	include	VERB
ftr-442	343	9	all	all	DET
ftr-442	343	10	business	business	NOUN
ftr-442	343	11	entities	entity	NOUN
ftr-442	343	12	,	,	PUNCT
ftr-442	343	13	regardless	regardless	ADV
ftr-442	343	14	of	of	ADP
ftr-442	343	15	form	form	NOUN
ftr-442	343	16	of	of	ADP
ftr-442	343	17	organization	organization	NOUN
ftr-442	343	18	,	,	PUNCT
ftr-442	343	19	other	other	ADJ
ftr-442	343	20	than	than	ADP
ftr-442	343	21	those	those	PRON
ftr-442	343	22	subject	subject	ADJ
ftr-442	343	23	to	to	ADP
ftr-442	343	24	the	the	DET
ftr-442	343	25	revised	revise	VERB
ftr-442	343	26	subchapters	subchapter	NOUN
ftr-442	343	27	k	k	PROPN
ftr-442	343	28	and	and	CCONJ
ftr-442	343	29	s.	s.	PROPN
ftr-442	343	30	however	however	ADV
ftr-442	343	31	,	,	PUNCT
ftr-442	343	32	subchapter	subchapter	NOUN
ftr-442	343	33	c	c	NOUN
ftr-442	343	34	entities	entity	NOUN
ftr-442	343	35	would	would	AUX
ftr-442	343	36	be	be	AUX
ftr-442	343	37	divided	divide	VERB
ftr-442	343	38	into	into	ADP
ftr-442	343	39	two	two	NUM
ftr-442	343	40	groups	group	NOUN
ftr-442	343	41	,	,	PUNCT
ftr-442	344	1	those	those	PRON
ftr-442	344	2	having	have	VERB
ftr-442	344	3	at	at	ADV
ftr-442	344	4	least	least	ADV
ftr-442	344	5	one	one	NUM
ftr-442	344	6	publiclytraded	publiclytrade	VERB
ftr-442	344	7	equity	equity	NOUN
ftr-442	344	8	interest	interest	NOUN
ftr-442	344	9	and	and	CCONJ
ftr-442	344	10	those	those	PRON
ftr-442	344	11	having	have	VERB
ftr-442	344	12	no	no	DET
ftr-442	344	13	such	such	ADJ
ftr-442	344	14	interest	interest	NOUN
ftr-442	344	15	.	.	PUNCT
ftr-442	345	1	the	the	DET
ftr-442	345	2	former	former	ADJ
ftr-442	345	3	group	group	NOUN
ftr-442	345	4	would	would	AUX
ftr-442	345	5	continue	continue	VERB
ftr-442	345	6	to	to	PART
ftr-442	345	7	be	be	AUX
ftr-442	345	8	subject	subject	ADJ
ftr-442	345	9	to	to	ADP
ftr-442	345	10	the	the	DET
ftr-442	345	11	classical	classical	ADJ
ftr-442	345	12	,	,	PUNCT
ftr-442	345	13	double	double	ADJ
ftr-442	345	14	-	-	PUNCT
ftr-442	345	15	tax	tax	NOUN
ftr-442	345	16	regime	regime	NOUN
ftr-442	345	17	now	now	ADV
ftr-442	345	18	applicable	applicable	ADJ
ftr-442	345	19	to	to	ADP
ftr-442	345	20	all	all	DET
ftr-442	345	21	c	c	PROPN
ftr-442	345	22	corporations	corporation	NOUN
ftr-442	345	23	.	.	PUNCT
ftr-442	346	1	the	the	DET
ftr-442	346	2	latter	latter	ADJ
ftr-442	346	3	group	group	NOUN
ftr-442	346	4	-	-	PUNCT
ftr-442	346	5	private	private	ADJ
ftr-442	346	6	,	,	PUNCT
ftr-442	346	7	nonconduit	nonconduit	ADJ
ftr-442	346	8	entities	entity	NOUN
ftr-442	346	9	-	-	PUNCT
ftr-442	346	10	would	would	AUX
ftr-442	346	11	be	be	AUX
ftr-442	346	12	taxed	tax	VERB
ftr-442	346	13	at	at	ADP
ftr-442	346	14	the	the	DET
ftr-442	346	15	highest	high	ADJ
ftr-442	346	16	individual	individual	ADJ
ftr-442	346	17	rate	rate	NOUN
ftr-442	346	18	of	of	ADP
ftr-442	346	19	tax	tax	NOUN
ftr-442	346	20	on	on	ADP
ftr-442	346	21	taxable	taxable	ADJ
ftr-442	346	22	income	income	NOUN
ftr-442	346	23	computed	compute	VERB
ftr-442	346	24	without	without	ADP
ftr-442	346	25	any	any	DET
ftr-442	346	26	deduction	deduction	NOUN
ftr-442	346	27	for	for	ADP
ftr-442	346	28	interest	interest	NOUN
ftr-442	346	29	expense	expense	NOUN
ftr-442	346	30	.	.	PUNCT
ftr-442	347	1	the	the	DET
ftr-442	347	2	holders	holder	NOUN
ftr-442	347	3	of	of	ADP
ftr-442	347	4	19991	19991	NUM
ftr-442	347	5	florida	florida	PROPN
ftr-442	347	6	tax	tax	PROPN
ftr-442	347	7	review	review	NOUN
ftr-442	347	8	equity	equity	NOUN
ftr-442	347	9	interests	interest	NOUN
ftr-442	347	10	and	and	CCONJ
ftr-442	347	11	debt	debt	NOUN
ftr-442	347	12	instruments	instrument	NOUN
ftr-442	347	13	issued	issue	VERB
ftr-442	347	14	by	by	ADP
ftr-442	347	15	private	private	ADJ
ftr-442	347	16	,	,	PUNCT
ftr-442	347	17	nonconduit	nonconduit	ADJ
ftr-442	347	18	entities	entity	NOUN
ftr-442	347	19	would	would	AUX
ftr-442	347	20	not	not	PART
ftr-442	347	21	be	be	AUX
ftr-442	347	22	taxed	tax	VERB
ftr-442	347	23	on	on	ADP
ftr-442	347	24	distributions	distribution	NOUN
ftr-442	347	25	(	(	PUNCT
ftr-442	347	26	including	include	VERB
ftr-442	347	27	interest	interest	NOUN
ftr-442	347	28	)	)	PUNCT
ftr-442	347	29	,	,	PUNCT
ftr-442	347	30	except	except	SCONJ
ftr-442	347	31	that	that	SCONJ
ftr-442	347	32	a	a	DET
ftr-442	347	33	complete	complete	ADJ
ftr-442	347	34	or	or	CCONJ
ftr-442	347	35	partial	partial	ADJ
ftr-442	347	36	liquidation	liquidation	NOUN
ftr-442	347	37	of	of	ADP
ftr-442	347	38	an	an	DET
ftr-442	347	39	equity	equity	NOUN
ftr-442	347	40	interest	interest	NOUN
ftr-442	347	41	or	or	CCONJ
ftr-442	347	42	retirement	retirement	NOUN
ftr-442	347	43	of	of	ADP
ftr-442	347	44	debt	debt	NOUN
ftr-442	347	45	would	would	AUX
ftr-442	347	46	be	be	AUX
ftr-442	347	47	treated	treat	VERB
ftr-442	347	48	as	as	ADP
ftr-442	347	49	a	a	DET
ftr-442	347	50	sale	sale	NOUN
ftr-442	347	51	of	of	ADP
ftr-442	347	52	the	the	DET
ftr-442	347	53	retired	retire	VERB
ftr-442	347	54	interest	interest	NOUN
ftr-442	347	55	.	.	PUNCT
ftr-442	348	1	in	in	ADP
ftr-442	348	2	the	the	DET
ftr-442	348	3	ensuing	ensue	VERB
ftr-442	348	4	discussion	discussion	NOUN
ftr-442	348	5	of	of	ADP
ftr-442	348	6	this	this	DET
ftr-442	348	7	model	model	NOUN
ftr-442	348	8	,	,	PUNCT
ftr-442	348	9	frequent	frequent	ADJ
ftr-442	348	10	reference	reference	NOUN
ftr-442	348	11	is	be	AUX
ftr-442	348	12	made	make	VERB
ftr-442	348	13	to	to	ADP
ftr-442	348	14	a	a	DET
ftr-442	348	15	very	very	ADV
ftr-442	348	16	similar	similar	ADJ
ftr-442	348	17	model	model	NOUN
ftr-442	348	18	recently	recently	ADV
ftr-442	348	19	proposed	propose	VERB
ftr-442	348	20	by	by	ADP
ftr-442	348	21	professor	professor	PROPN
ftr-442	348	22	jeffrey	jeffrey	PROPN
ftr-442	348	23	l.	l.	PROPN
ftr-442	348	24	kwall.28	kwall.28	PROPN
ftr-442	348	25	a.	a.	NOUN
ftr-442	348	26	subchapter	subchapter	NOUN
ftr-442	348	27	k	k	PROPN
ftr-442	348	28	under	under	ADP
ftr-442	348	29	the	the	DET
ftr-442	348	30	proposed	propose	VERB
ftr-442	348	31	model	model	NOUN
ftr-442	348	32	,	,	PUNCT
ftr-442	348	33	the	the	DET
ftr-442	348	34	highly	highly	ADV
ftr-442	348	35	flexible	flexible	ADJ
ftr-442	348	36	pass	pass	VERB
ftr-442	348	37	-	-	PUNCT
ftr-442	348	38	through	through	ADP
ftr-442	348	39	regime	regime	NOUN
ftr-442	348	40	embodied	embody	VERB
ftr-442	348	41	in	in	ADP
ftr-442	348	42	subchapter	subchapter	NOUN
ftr-442	348	43	k	k	PROPN
ftr-442	348	44	would	would	AUX
ftr-442	348	45	only	only	ADV
ftr-442	348	46	be	be	AUX
ftr-442	348	47	available	available	ADJ
ftr-442	348	48	for	for	ADP
ftr-442	348	49	services	service	NOUN
ftr-442	348	50	firms	firm	NOUN
ftr-442	348	51	with	with	ADP
ftr-442	348	52	two	two	NUM
ftr-442	348	53	or	or	CCONJ
ftr-442	348	54	more	more	ADJ
ftr-442	348	55	owners	owner	NOUN
ftr-442	348	56	for	for	ADP
ftr-442	348	57	which	which	PRON
ftr-442	348	58	capital	capital	NOUN
ftr-442	348	59	is	be	AUX
ftr-442	348	60	not	not	PART
ftr-442	348	61	a	a	DET
ftr-442	348	62	material	material	ADJ
ftr-442	348	63	income	income	NOUN
ftr-442	348	64	-	-	PUNCT
ftr-442	348	65	producing	produce	VERB
ftr-442	348	66	factor.29	factor.29	NOUN
ftr-442	348	67	the	the	DET
ftr-442	348	68	significant	significant	ADJ
ftr-442	348	69	misallocation	misallocation	NOUN
ftr-442	348	70	possibilities	possibility	NOUN
ftr-442	348	71	,	,	PUNCT
ftr-442	348	72	and	and	CCONJ
ftr-442	348	73	nearly	nearly	ADV
ftr-442	348	74	all	all	PRON
ftr-442	348	75	of	of	ADP
ftr-442	348	76	the	the	DET
ftr-442	348	77	complexity	complexity	NOUN
ftr-442	348	78	that	that	PRON
ftr-442	348	79	has	have	AUX
ftr-442	348	80	arisen	arise	VERB
ftr-442	348	81	to	to	PART
ftr-442	348	82	limit	limit	VERB
ftr-442	348	83	these	these	DET
ftr-442	348	84	possibilities	possibility	NOUN
ftr-442	348	85	,	,	PUNCT
ftr-442	348	86	relate	relate	VERB
ftr-442	348	87	to	to	ADP
ftr-442	348	88	income	income	NOUN
ftr-442	348	89	from	from	ADP
ftr-442	348	90	capital	capital	NOUN
ftr-442	348	91	.	.	PUNCT
ftr-442	349	1	for	for	ADP
ftr-442	349	2	services	service	NOUN
ftr-442	349	3	firms	firm	NOUN
ftr-442	349	4	with	with	ADP
ftr-442	349	5	relatively	relatively	ADV
ftr-442	349	6	little	little	ADJ
ftr-442	349	7	capital	capital	NOUN
ftr-442	349	8	,	,	PUNCT
ftr-442	349	9	the	the	DET
ftr-442	349	10	objective	objective	NOUN
ftr-442	349	11	of	of	ADP
ftr-442	349	12	section	section	NOUN
ftr-442	349	13	704(b)-that	704(b)-that	PROPN
ftr-442	349	14	the	the	DET
ftr-442	349	15	partners	partner	NOUN
ftr-442	349	16	taxed	tax	VERB
ftr-442	349	17	on	on	ADP
ftr-442	349	18	partnership	partnership	NOUN
ftr-442	349	19	income	income	NOUN
ftr-442	349	20	should	should	AUX
ftr-442	349	21	actually	actually	ADV
ftr-442	349	22	receive	receive	VERB
ftr-442	349	23	it	it	PRON
ftr-442	349	24	in	in	ADP
ftr-442	349	25	the	the	DET
ftr-442	349	26	end	end	NOUN
ftr-442	349	27	-	-	PUNCT
ftr-442	349	28	can	can	AUX
ftr-442	349	29	only	only	ADV
ftr-442	349	30	be	be	AUX
ftr-442	349	31	attained	attain	VERB
ftr-442	349	32	through	through	ADP
ftr-442	349	33	the	the	DET
ftr-442	349	34	basics	basic	NOUN
ftr-442	349	35	of	of	ADP
ftr-442	349	36	the	the	DET
ftr-442	349	37	capital	capital	NOUN
ftr-442	349	38	account	account	NOUN
ftr-442	349	39	mechanisms	mechanism	NOUN
ftr-442	349	40	of	of	ADP
ftr-442	349	41	the	the	DET
ftr-442	349	42	present	present	ADJ
ftr-442	349	43	regulations	regulation	NOUN
ftr-442	349	44	.	.	PUNCT
ftr-442	350	1	so	so	ADV
ftr-442	350	2	long	long	ADV
ftr-442	350	3	as	as	SCONJ
ftr-442	350	4	these	these	DET
ftr-442	350	5	mechanisms	mechanism	NOUN
ftr-442	350	6	operate	operate	VERB
ftr-442	350	7	,	,	PUNCT
ftr-442	350	8	no	no	DET
ftr-442	350	9	significant	significant	ADJ
ftr-442	350	10	distortions	distortion	NOUN
ftr-442	350	11	can	can	AUX
ftr-442	350	12	result	result	VERB
ftr-442	350	13	from	from	ADP
ftr-442	350	14	allowing	allow	VERB
ftr-442	350	15	partners	partner	NOUN
ftr-442	350	16	the	the	DET
ftr-442	350	17	right	right	NOUN
ftr-442	350	18	to	to	PART
ftr-442	350	19	adjust	adjust	VERB
ftr-442	350	20	allocations	allocation	NOUN
ftr-442	350	21	annually	annually	ADV
ftr-442	350	22	,	,	PUNCT
ftr-442	350	23	as	as	ADV
ftr-442	350	24	late	late	ADV
ftr-442	350	25	as	as	ADP
ftr-442	350	26	the	the	DET
ftr-442	350	27	due	due	ADJ
ftr-442	350	28	date	date	NOUN
ftr-442	350	29	of	of	ADP
ftr-442	350	30	the	the	DET
ftr-442	350	31	partnership	partnership	NOUN
ftr-442	350	32	's	's	PART
ftr-442	350	33	return	return	NOUN
ftr-442	350	34	.	.	PUNCT
ftr-442	351	1	an	an	DET
ftr-442	351	2	entity	entity	NOUN
ftr-442	351	3	for	for	ADP
ftr-442	351	4	which	which	PRON
ftr-442	351	5	capital	capital	NOUN
ftr-442	351	6	is	be	AUX
ftr-442	351	7	not	not	PART
ftr-442	351	8	a	a	DET
ftr-442	351	9	material	material	ADJ
ftr-442	351	10	income	income	NOUN
ftr-442	351	11	-	-	PUNCT
ftr-442	351	12	producing	produce	VERB
ftr-442	351	13	factor	factor	NOUN
ftr-442	351	14	would	would	AUX
ftr-442	351	15	be	be	AUX
ftr-442	351	16	subject	subject	ADJ
ftr-442	351	17	to	to	ADP
ftr-442	351	18	subchapter	subchapter	NOUN
ftr-442	351	19	k	k	PROPN
ftr-442	352	1	regardless	regardless	ADV
ftr-442	352	2	of	of	ADP
ftr-442	352	3	how	how	SCONJ
ftr-442	352	4	it	it	PRON
ftr-442	352	5	was	be	AUX
ftr-442	352	6	organized	organize	VERB
ftr-442	352	7	.	.	PUNCT
ftr-442	353	1	however	however	ADV
ftr-442	353	2	,	,	PUNCT
ftr-442	353	3	the	the	DET
ftr-442	353	4	entity	entity	NOUN
ftr-442	353	5	would	would	AUX
ftr-442	353	6	not	not	PART
ftr-442	353	7	be	be	AUX
ftr-442	353	8	allowed	allow	VERB
ftr-442	353	9	to	to	PART
ftr-442	353	10	elect	elect	VERB
ftr-442	353	11	to	to	PART
ftr-442	353	12	be	be	AUX
ftr-442	353	13	subject	subject	ADJ
ftr-442	353	14	to	to	ADP
ftr-442	353	15	subchapter	subchapter	NOUN
ftr-442	353	16	s	s	PRON
ftr-442	353	17	if	if	SCONJ
ftr-442	353	18	it	it	PRON
ftr-442	353	19	meets	meet	VERB
ftr-442	353	20	the	the	DET
ftr-442	353	21	eligibility	eligibility	NOUN
ftr-442	353	22	requirements	requirement	NOUN
ftr-442	353	23	discussed	discuss	VERB
ftr-442	353	24	below	below	ADV
ftr-442	353	25	,	,	PUNCT
ftr-442	353	26	and	and	CCONJ
ftr-442	353	27	it	it	PRON
ftr-442	353	28	could	could	AUX
ftr-442	353	29	also	also	ADV
ftr-442	353	30	elect	elect	VERB
ftr-442	353	31	to	to	PART
ftr-442	353	32	be	be	AUX
ftr-442	353	33	a	a	DET
ftr-442	353	34	c	c	NOUN
ftr-442	353	35	entity.3	entity.3	PROPN
ftr-442	353	36	"	"	PUNCT
ftr-442	353	37	b.	b.	PROPN
ftr-442	353	38	subchapter	subchapter	PROPN
ftr-442	353	39	s	s	PART
ftr-442	353	40	1	1	NUM
ftr-442	353	41	.	.	PUNCT
ftr-442	353	42	eligibility.-subchapter	eligibility.-subchapter	PART
ftr-442	354	1	s	s	PART
ftr-442	354	2	would	would	AUX
ftr-442	354	3	be	be	AUX
ftr-442	354	4	revised	revise	VERB
ftr-442	354	5	to	to	PART
ftr-442	354	6	apply	apply	VERB
ftr-442	354	7	to	to	ADP
ftr-442	354	8	any	any	DET
ftr-442	354	9	business	business	NOUN
ftr-442	354	10	entity	entity	NOUN
ftr-442	354	11	for	for	ADP
ftr-442	354	12	which	which	PRON
ftr-442	354	13	capital	capital	NOUN
ftr-442	354	14	is	be	AUX
ftr-442	354	15	a	a	DET
ftr-442	354	16	material	material	ADJ
ftr-442	354	17	income	income	NOUN
ftr-442	354	18	-	-	PUNCT
ftr-442	354	19	producing	produce	VERB
ftr-442	354	20	factor	factor	NOUN
ftr-442	354	21	,	,	PUNCT
ftr-442	354	22	regardless	regardless	ADV
ftr-442	354	23	of	of	ADP
ftr-442	354	24	the	the	DET
ftr-442	354	25	entity	entity	NOUN
ftr-442	354	26	's	's	PART
ftr-442	354	27	form	form	NOUN
ftr-442	354	28	of	of	ADP
ftr-442	354	29	organization	organization	NOUN
ftr-442	354	30	,	,	PUNCT
ftr-442	354	31	if	if	SCONJ
ftr-442	354	32	(	(	PUNCT
ftr-442	354	33	1	1	X
ftr-442	354	34	)	)	PUNCT
ftr-442	354	35	the	the	DET
ftr-442	354	36	entity	entity	NOUN
ftr-442	354	37	has	have	VERB
ftr-442	354	38	only	only	ADV
ftr-442	354	39	one	one	NUM
ftr-442	354	40	class	class	NOUN
ftr-442	354	41	of	of	ADP
ftr-442	354	42	equity	equity	NOUN
ftr-442	354	43	interests	interest	NOUN
ftr-442	354	44	,	,	PUNCT
ftr-442	354	45	(	(	PUNCT
ftr-442	354	46	2	2	X
ftr-442	354	47	)	)	PUNCT
ftr-442	354	48	none	none	NOUN
ftr-442	354	49	of	of	ADP
ftr-442	354	50	these	these	DET
ftr-442	354	51	interests	interest	NOUN
ftr-442	354	52	is	be	AUX
ftr-442	354	53	publicly	publicly	ADV
ftr-442	354	54	traded	trade	VERB
ftr-442	354	55	,	,	PUNCT
ftr-442	354	56	(	(	PUNCT
ftr-442	354	57	3	3	NUM
ftr-442	354	58	)	)	SYM
ftr-442	354	59	28	28	NUM
ftr-442	354	60	.	.	PUNCT
ftr-442	355	1	kwall	kwall	PROPN
ftr-442	355	2	,	,	PUNCT
ftr-442	355	3	supra	supra	PROPN
ftr-442	355	4	note	note	NOUN
ftr-442	355	5	5	5	NUM
ftr-442	355	6	.	.	NOUN
ftr-442	355	7	29	29	NUM
ftr-442	355	8	.	.	PUNCT
ftr-442	356	1	the	the	DET
ftr-442	356	2	issue	issue	NOUN
ftr-442	356	3	of	of	ADP
ftr-442	356	4	whether	whether	SCONJ
ftr-442	356	5	capital	capital	NOUN
ftr-442	356	6	is	be	AUX
ftr-442	356	7	a	a	DET
ftr-442	356	8	material	material	ADJ
ftr-442	356	9	income	income	NOUN
ftr-442	356	10	-	-	PUNCT
ftr-442	356	11	producing	produce	VERB
ftr-442	356	12	factor	factor	NOUN
ftr-442	356	13	in	in	ADP
ftr-442	356	14	a	a	DET
ftr-442	356	15	business	business	NOUN
ftr-442	356	16	existed	exist	VERB
ftr-442	356	17	for	for	ADP
ftr-442	356	18	several	several	ADJ
ftr-442	356	19	decades	decade	NOUN
ftr-442	356	20	under	under	ADP
ftr-442	356	21	§	§	PROPN
ftr-442	356	22	911	911	NUM
ftr-442	356	23	(	(	PUNCT
ftr-442	356	24	partial	partial	ADJ
ftr-442	356	25	exclusion	exclusion	NOUN
ftr-442	356	26	of	of	ADP
ftr-442	356	27	earned	earn	VERB
ftr-442	356	28	income	income	NOUN
ftr-442	356	29	from	from	ADP
ftr-442	356	30	foreign	foreign	ADJ
ftr-442	356	31	sources	source	NOUN
ftr-442	356	32	)	)	PUNCT
ftr-442	356	33	.	.	PUNCT
ftr-442	357	1	irc	irc	PROPN
ftr-442	357	2	§	§	PROPN
ftr-442	357	3	911(d)(2)(b	911(d)(2)(b	PROPN
ftr-442	357	4	)	)	PUNCT
ftr-442	357	5	.	.	PUNCT
ftr-442	358	1	over	over	ADP
ftr-442	358	2	the	the	DET
ftr-442	358	3	years	year	NOUN
ftr-442	358	4	,	,	PUNCT
ftr-442	358	5	the	the	DET
ftr-442	358	6	concept	concept	NOUN
ftr-442	358	7	has	have	AUX
ftr-442	358	8	also	also	ADV
ftr-442	358	9	been	be	AUX
ftr-442	358	10	used	use	VERB
ftr-442	358	11	in	in	ADP
ftr-442	358	12	a	a	DET
ftr-442	358	13	few	few	ADJ
ftr-442	358	14	other	other	ADJ
ftr-442	358	15	contexts	contexts	NOUN
ftr-442	358	16	.	.	PUNCT
ftr-442	359	1	for	for	ADP
ftr-442	359	2	a	a	DET
ftr-442	359	3	discussion	discussion	NOUN
ftr-442	359	4	of	of	ADP
ftr-442	359	5	the	the	DET
ftr-442	359	6	case	case	NOUN
ftr-442	359	7	law	law	NOUN
ftr-442	359	8	on	on	ADP
ftr-442	359	9	the	the	DET
ftr-442	359	10	issue	issue	NOUN
ftr-442	359	11	,	,	PUNCT
ftr-442	359	12	see	see	VERB
ftr-442	359	13	michael	michael	PROPN
ftr-442	359	14	asimow	asimow	PROPN
ftr-442	359	15	,	,	PUNCT
ftr-442	359	16	section	section	NOUN
ftr-442	359	17	1348	1348	NUM
ftr-442	359	18	:	:	PUNCT
ftr-442	359	19	the	the	DET
ftr-442	359	20	death	death	NOUN
ftr-442	359	21	of	of	ADP
ftr-442	359	22	mickey	mickey	PROPN
ftr-442	359	23	mouse	mouse	PROPN
ftr-442	359	24	?	?	PUNCT
ftr-442	360	1	58	58	NUM
ftr-442	360	2	cal	cal	NOUN
ftr-442	360	3	.	.	PUNCT
ftr-442	361	1	l.	l.	PROPN
ftr-442	361	2	rev	rev	PROPN
ftr-442	361	3	.	.	PROPN
ftr-442	361	4	801	801	NUM
ftr-442	361	5	,	,	PUNCT
ftr-442	361	6	836	836	NUM
ftr-442	361	7	-	-	SYM
ftr-442	361	8	42	42	NUM
ftr-442	361	9	(	(	PUNCT
ftr-442	361	10	1970	1970	NUM
ftr-442	361	11	)	)	PUNCT
ftr-442	361	12	.	.	PUNCT
ftr-442	362	1	a	a	DET
ftr-442	362	2	services	service	NOUN
ftr-442	362	3	firm	firm	NOUN
ftr-442	362	4	with	with	ADP
ftr-442	362	5	only	only	ADV
ftr-442	362	6	one	one	NUM
ftr-442	362	7	owner	owner	NOUN
ftr-442	362	8	would	would	AUX
ftr-442	362	9	be	be	AUX
ftr-442	362	10	disregarded	disregard	VERB
ftr-442	362	11	for	for	ADP
ftr-442	362	12	tax	tax	NOUN
ftr-442	362	13	purposes	purpose	NOUN
ftr-442	362	14	,	,	PUNCT
ftr-442	362	15	regardless	regardless	ADV
ftr-442	362	16	of	of	ADP
ftr-442	362	17	its	its	PRON
ftr-442	362	18	form	form	NOUN
ftr-442	362	19	of	of	ADP
ftr-442	362	20	organization	organization	NOUN
ftr-442	362	21	.	.	PUNCT
ftr-442	363	1	see	see	VERB
ftr-442	363	2	infra	infra	NOUN
ftr-442	363	3	note	note	VERB
ftr-442	363	4	32	32	NUM
ftr-442	363	5	and	and	CCONJ
ftr-442	363	6	accompanying	accompany	VERB
ftr-442	363	7	text	text	NOUN
ftr-442	363	8	.	.	PUNCT
ftr-442	364	1	30	30	NUM
ftr-442	364	2	.	.	PUNCT
ftr-442	365	1	for	for	ADP
ftr-442	365	2	the	the	DET
ftr-442	365	3	appropriateness	appropriateness	NOUN
ftr-442	365	4	of	of	ADP
ftr-442	365	5	allowing	allow	VERB
ftr-442	365	6	these	these	DET
ftr-442	365	7	elections	election	NOUN
ftr-442	365	8	,	,	PUNCT
ftr-442	365	9	see	see	VERB
ftr-442	365	10	yin	yin	PROPN
ftr-442	365	11	,	,	PUNCT
ftr-442	365	12	supra	supra	PROPN
ftr-442	365	13	note	note	PROPN
ftr-442	365	14	14	14	NUM
ftr-442	365	15	;	;	PUNCT
ftr-442	365	16	see	see	VERB
ftr-442	365	17	also	also	ADV
ftr-442	365	18	infra	infra	VERB
ftr-442	365	19	text	text	NOUN
ftr-442	365	20	accompanying	accompany	VERB
ftr-442	365	21	note	note	NOUN
ftr-442	365	22	40	40	NUM
ftr-442	365	23	.	.	PUNCT
ftr-442	366	1	[	[	X
ftr-442	366	2	vol	vol	NOUN
ftr-442	366	3	4:3	4:3	NUM
ftr-442	366	4	taxation	taxation	NOUN
ftr-442	366	5	of	of	ADP
ftr-442	366	6	private	private	ADJ
ftr-442	366	7	business	business	NOUN
ftr-442	366	8	firms	firm	NOUN
ftr-442	366	9	equity	equity	NOUN
ftr-442	366	10	interests	interest	NOUN
ftr-442	366	11	are	be	AUX
ftr-442	366	12	held	hold	VERB
ftr-442	366	13	by	by	ADP
ftr-442	366	14	more	more	ADJ
ftr-442	366	15	than	than	ADP
ftr-442	366	16	one	one	NUM
ftr-442	366	17	person	person	NOUN
ftr-442	366	18	and	and	CCONJ
ftr-442	366	19	not	not	PART
ftr-442	366	20	more	more	ADJ
ftr-442	366	21	than	than	ADP
ftr-442	366	22	100	100	NUM
ftr-442	366	23	persons	person	NOUN
ftr-442	366	24	,	,	PUNCT
ftr-442	366	25	and	and	CCONJ
ftr-442	366	26	(	(	PUNCT
ftr-442	366	27	4	4	X
ftr-442	366	28	)	)	PUNCT
ftr-442	366	29	the	the	DET
ftr-442	366	30	entity	entity	NOUN
ftr-442	366	31	does	do	AUX
ftr-442	366	32	not	not	PART
ftr-442	366	33	elect	elect	VERB
ftr-442	366	34	to	to	PART
ftr-442	366	35	be	be	AUX
ftr-442	366	36	a	a	DET
ftr-442	366	37	c	c	NOUN
ftr-442	366	38	entity	entity	NOUN
ftr-442	366	39	.	.	PUNCT
ftr-442	367	1	the	the	DET
ftr-442	367	2	one	one	NUM
ftr-442	367	3	class	class	NOUN
ftr-442	367	4	requirement	requirement	NOUN
ftr-442	367	5	would	would	AUX
ftr-442	367	6	be	be	AUX
ftr-442	367	7	met	meet	VERB
ftr-442	367	8	only	only	ADV
ftr-442	367	9	if	if	SCONJ
ftr-442	367	10	each	each	DET
ftr-442	367	11	equity	equity	NOUN
ftr-442	367	12	interest	interest	NOUN
ftr-442	367	13	entitles	entitle	VERB
ftr-442	367	14	its	its	PRON
ftr-442	367	15	owner	owner	NOUN
ftr-442	367	16	to	to	ADP
ftr-442	367	17	the	the	DET
ftr-442	367	18	same	same	ADJ
ftr-442	367	19	proportion	proportion	NOUN
ftr-442	367	20	of	of	ADP
ftr-442	367	21	every	every	DET
ftr-442	367	22	item	item	NOUN
ftr-442	367	23	of	of	ADP
ftr-442	367	24	the	the	DET
ftr-442	367	25	entity	entity	NOUN
ftr-442	367	26	's	's	PART
ftr-442	367	27	gross	gross	ADJ
ftr-442	367	28	income	income	NOUN
ftr-442	367	29	,	,	PUNCT
ftr-442	367	30	deductions	deduction	NOUN
ftr-442	367	31	,	,	PUNCT
ftr-442	367	32	and	and	CCONJ
ftr-442	367	33	credits	credit	NOUN
ftr-442	367	34	for	for	ADP
ftr-442	367	35	all	all	DET
ftr-442	367	36	years	year	NOUN
ftr-442	367	37	of	of	ADP
ftr-442	367	38	the	the	DET
ftr-442	367	39	entity	entity	NOUN
ftr-442	367	40	's	's	PART
ftr-442	367	41	existence	existence	NOUN
ftr-442	367	42	,	,	PUNCT
ftr-442	367	43	except	except	SCONJ
ftr-442	367	44	that	that	SCONJ
ftr-442	367	45	this	this	DET
ftr-442	367	46	proportion	proportion	NOUN
ftr-442	367	47	would	would	AUX
ftr-442	367	48	have	have	AUX
ftr-442	367	49	to	to	PART
ftr-442	367	50	change	change	VERB
ftr-442	367	51	to	to	PART
ftr-442	367	52	reflect	reflect	VERB
ftr-442	367	53	appropriately	appropriately	ADV
ftr-442	367	54	the	the	DET
ftr-442	367	55	issuance	issuance	NOUN
ftr-442	367	56	of	of	ADP
ftr-442	367	57	additional	additional	ADJ
ftr-442	367	58	ownership	ownership	NOUN
ftr-442	367	59	interests	interest	NOUN
ftr-442	367	60	,	,	PUNCT
ftr-442	367	61	capital	capital	NOUN
ftr-442	367	62	contributions	contribution	NOUN
ftr-442	367	63	,	,	PUNCT
ftr-442	367	64	and	and	CCONJ
ftr-442	367	65	partial	partial	ADJ
ftr-442	367	66	and	and	CCONJ
ftr-442	367	67	complete	complete	ADJ
ftr-442	367	68	retirements	retirement	NOUN
ftr-442	367	69	of	of	ADP
ftr-442	367	70	equity	equity	NOUN
ftr-442	367	71	interests	interest	NOUN
ftr-442	367	72	.	.	PUNCT
ftr-442	368	1	an	an	DET
ftr-442	368	2	entity	entity	NOUN
ftr-442	368	3	with	with	ADP
ftr-442	368	4	only	only	ADV
ftr-442	368	5	one	one	NUM
ftr-442	368	6	equity	equity	NOUN
ftr-442	368	7	-	-	PUNCT
ftr-442	368	8	interest	interest	NOUN
ftr-442	368	9	holder	holder	NOUN
ftr-442	368	10	would	would	AUX
ftr-442	368	11	be	be	AUX
ftr-442	368	12	disregarded	disregard	VERB
ftr-442	368	13	for	for	ADP
ftr-442	368	14	u.s	u.s	PROPN
ftr-442	368	15	.	.	PROPN
ftr-442	368	16	income	income	NOUN
ftr-442	368	17	tax	tax	NOUN
ftr-442	368	18	purposes	purpose	NOUN
ftr-442	368	19	,	,	PUNCT
ftr-442	368	20	essentially	essentially	ADV
ftr-442	368	21	treated	treat	VERB
ftr-442	368	22	as	as	ADP
ftr-442	368	23	a	a	DET
ftr-442	368	24	sole	sole	ADJ
ftr-442	368	25	proprietorship	proprietorship	NOUN
ftr-442	368	26	.	.	PUNCT
ftr-442	368	27	'	'	PUNCT
ftr-442	369	1	several	several	ADJ
ftr-442	369	2	classes	class	NOUN
ftr-442	369	3	of	of	ADP
ftr-442	369	4	shareholders	shareholder	NOUN
ftr-442	369	5	ineligible	ineligible	ADJ
ftr-442	369	6	under	under	ADP
ftr-442	369	7	the	the	DET
ftr-442	369	8	present	present	ADJ
ftr-442	369	9	subchapter	subchapter	NOUN
ftr-442	369	10	s	s	PART
ftr-442	369	11	could	could	AUX
ftr-442	369	12	be	be	AUX
ftr-442	369	13	s	s	NOUN
ftr-442	369	14	equity	equity	NOUN
ftr-442	369	15	holders	holder	NOUN
ftr-442	369	16	under	under	ADP
ftr-442	369	17	this	this	DET
ftr-442	369	18	model	model	NOUN
ftr-442	369	19	.	.	PUNCT
ftr-442	370	1	other	other	ADJ
ftr-442	370	2	business	business	NOUN
ftr-442	370	3	entities	entity	NOUN
ftr-442	370	4	could	could	AUX
ftr-442	370	5	be	be	AUX
ftr-442	370	6	equity	equity	NOUN
ftr-442	370	7	holders	holder	NOUN
ftr-442	370	8	whether	whether	SCONJ
ftr-442	370	9	their	their	PRON
ftr-442	370	10	tax	tax	NOUN
ftr-442	370	11	regimes	regime	NOUN
ftr-442	370	12	are	be	AUX
ftr-442	370	13	subchapter	subchapter	NOUN
ftr-442	370	14	c	c	NOUN
ftr-442	370	15	,	,	PUNCT
ftr-442	370	16	k	k	NOUN
ftr-442	370	17	,	,	PUNCT
ftr-442	370	18	or	or	CCONJ
ftr-442	370	19	s.	s.	PROPN
ftr-442	370	20	for	for	ADP
ftr-442	370	21	example	example	NOUN
ftr-442	370	22	,	,	PUNCT
ftr-442	370	23	a	a	DET
ftr-442	370	24	c	c	NOUN
ftr-442	370	25	entity	entity	NOUN
ftr-442	370	26	with	with	ADP
ftr-442	370	27	publicly	publicly	ADV
ftr-442	370	28	traded	trade	VERB
ftr-442	370	29	equity	equity	NOUN
ftr-442	370	30	interests	interest	NOUN
ftr-442	370	31	could	could	AUX
ftr-442	370	32	hold	hold	VERB
ftr-442	370	33	an	an	DET
ftr-442	370	34	equity	equity	NOUN
ftr-442	370	35	interest	interest	NOUN
ftr-442	370	36	in	in	ADP
ftr-442	370	37	an	an	DET
ftr-442	370	38	s	s	NOUN
ftr-442	370	39	entity	entity	NOUN
ftr-442	370	40	.	.	PUNCT
ftr-442	371	1	trusts	trust	NOUN
ftr-442	371	2	and	and	CCONJ
ftr-442	371	3	estates	estate	NOUN
ftr-442	371	4	could	could	AUX
ftr-442	371	5	also	also	ADV
ftr-442	371	6	hold	hold	VERB
ftr-442	371	7	s	s	PRON
ftr-442	371	8	equity	equity	NOUN
ftr-442	371	9	interests	interest	NOUN
ftr-442	371	10	.	.	PUNCT
ftr-442	372	1	professor	professor	NOUN
ftr-442	372	2	kwall	kwall	PROPN
ftr-442	372	3	's	's	PART
ftr-442	372	4	simple	simple	ADJ
ftr-442	372	5	conduit	conduit	NOUN
ftr-442	372	6	regime	regime	NOUN
ftr-442	372	7	would	would	AUX
ftr-442	372	8	be	be	AUX
ftr-442	372	9	closed	close	VERB
ftr-442	372	10	to	to	ADP
ftr-442	372	11	an	an	DET
ftr-442	372	12	entity	entity	NOUN
ftr-442	372	13	having	have	VERB
ftr-442	372	14	a	a	DET
ftr-442	372	15	foreign	foreign	ADJ
ftr-442	372	16	person	person	NOUN
ftr-442	372	17	among	among	ADP
ftr-442	372	18	its	its	PRON
ftr-442	372	19	equity	equity	NOUN
ftr-442	372	20	owners.33	owners.33	NOUN
ftr-442	372	21	his	his	PRON
ftr-442	372	22	reason	reason	NOUN
ftr-442	372	23	for	for	ADP
ftr-442	372	24	this	this	DET
ftr-442	372	25	condition	condition	NOUN
ftr-442	372	26	is	be	AUX
ftr-442	372	27	persuasive	persuasive	ADJ
ftr-442	372	28	.	.	PUNCT
ftr-442	373	1	since	since	SCONJ
ftr-442	373	2	tax	tax	NOUN
ftr-442	373	3	can	can	AUX
ftr-442	373	4	not	not	PART
ftr-442	373	5	feasibly	feasibly	ADV
ftr-442	373	6	be	be	AUX
ftr-442	373	7	collected	collect	VERB
ftr-442	373	8	from	from	ADP
ftr-442	373	9	foreign	foreign	ADJ
ftr-442	373	10	persons	person	NOUN
ftr-442	373	11	not	not	PART
ftr-442	373	12	directly	directly	ADV
ftr-442	373	13	engaged	engage	VERB
ftr-442	373	14	in	in	ADP
ftr-442	373	15	business	business	NOUN
ftr-442	373	16	in	in	ADP
ftr-442	373	17	the	the	DET
ftr-442	373	18	united	united	PROPN
ftr-442	373	19	states	states	PROPN
ftr-442	373	20	,	,	PUNCT
ftr-442	373	21	tax	tax	NOUN
ftr-442	373	22	on	on	ADP
ftr-442	373	23	their	their	PRON
ftr-442	373	24	u.s	u.s	PROPN
ftr-442	373	25	.	.	PROPN
ftr-442	373	26	incomes	income	NOUN
ftr-442	373	27	is	be	AUX
ftr-442	373	28	usually	usually	ADV
ftr-442	373	29	collected	collect	VERB
ftr-442	373	30	by	by	ADP
ftr-442	373	31	withholding	withhold	VERB
ftr-442	373	32	.	.	PUNCT
ftr-442	373	33	'	'	PUNCT
ftr-442	374	1	professor	professor	NOUN
ftr-442	374	2	kwall	kwall	NOUN
ftr-442	374	3	worries	worry	VERB
ftr-442	374	4	that	that	SCONJ
ftr-442	374	5	a	a	DET
ftr-442	374	6	withholding	withholding	NOUN
ftr-442	374	7	tax	tax	NOUN
ftr-442	374	8	collected	collect	VERB
ftr-442	374	9	from	from	ADP
ftr-442	374	10	the	the	DET
ftr-442	374	11	entity	entity	NOUN
ftr-442	374	12	could	could	AUX
ftr-442	374	13	complicate	complicate	VERB
ftr-442	374	14	administration	administration	NOUN
ftr-442	374	15	of	of	ADP
ftr-442	374	16	the	the	DET
ftr-442	374	17	one	one	NUM
ftr-442	374	18	class	class	NOUN
ftr-442	374	19	requirement.35	requirement.35	NOUN
ftr-442	374	20	if	if	SCONJ
ftr-442	374	21	the	the	DET
ftr-442	374	22	entity	entity	NOUN
ftr-442	374	23	does	do	AUX
ftr-442	374	24	not	not	PART
ftr-442	374	25	distribute	distribute	VERB
ftr-442	374	26	its	its	PRON
ftr-442	374	27	income	income	NOUN
ftr-442	374	28	currently	currently	ADV
ftr-442	374	29	but	but	CCONJ
ftr-442	374	30	is	be	AUX
ftr-442	374	31	required	require	VERB
ftr-442	374	32	to	to	PART
ftr-442	374	33	pay	pay	VERB
ftr-442	374	34	withholding	withholding	NOUN
ftr-442	374	35	taxes	taxis	NOUN
ftr-442	374	36	on	on	ADP
ftr-442	374	37	the	the	DET
ftr-442	374	38	income	income	NOUN
ftr-442	374	39	shares	share	NOUN
ftr-442	374	40	of	of	ADP
ftr-442	374	41	foreign	foreign	ADJ
ftr-442	374	42	owners	owner	NOUN
ftr-442	374	43	,	,	PUNCT
ftr-442	374	44	the	the	DET
ftr-442	374	45	proportionate	proportionate	ADJ
ftr-442	374	46	interests	interest	NOUN
ftr-442	374	47	of	of	ADP
ftr-442	374	48	foreign	foreign	ADJ
ftr-442	374	49	and	and	CCONJ
ftr-442	374	50	domestic	domestic	ADJ
ftr-442	374	51	owners	owner	NOUN
ftr-442	374	52	are	be	AUX
ftr-442	374	53	not	not	PART
ftr-442	374	54	fully	fully	ADV
ftr-442	374	55	equivalent	equivalent	ADJ
ftr-442	374	56	since	since	SCONJ
ftr-442	374	57	no	no	DET
ftr-442	374	58	similar	similar	ADJ
ftr-442	374	59	cash	cash	NOUN
ftr-442	374	60	disbursement	disbursement	NOUN
ftr-442	374	61	is	be	AUX
ftr-442	374	62	made	make	VERB
ftr-442	374	63	on	on	ADP
ftr-442	374	64	behalf	behalf	NOUN
ftr-442	374	65	of	of	ADP
ftr-442	374	66	the	the	DET
ftr-442	374	67	domestic	domestic	ADJ
ftr-442	374	68	owners.36	owners.36	NOUN
ftr-442	374	69	31	31	NUM
ftr-442	374	70	.	.	PUNCT
ftr-442	375	1	in	in	ADP
ftr-442	375	2	one	one	NUM
ftr-442	375	3	situation	situation	NOUN
ftr-442	375	4	,	,	PUNCT
ftr-442	375	5	a	a	DET
ftr-442	375	6	qualifying	qualify	VERB
ftr-442	375	7	entity	entity	NOUN
ftr-442	375	8	should	should	AUX
ftr-442	375	9	be	be	AUX
ftr-442	375	10	an	an	DET
ftr-442	375	11	s	s	NOUN
ftr-442	375	12	entity	entity	NOUN
ftr-442	375	13	only	only	ADV
ftr-442	375	14	if	if	SCONJ
ftr-442	375	15	it	it	PRON
ftr-442	375	16	affirmatively	affirmatively	ADV
ftr-442	375	17	elects	elect	VERB
ftr-442	375	18	to	to	PART
ftr-442	375	19	be	be	AUX
ftr-442	375	20	such	such	ADJ
ftr-442	375	21	.	.	PUNCT
ftr-442	376	1	if	if	SCONJ
ftr-442	376	2	an	an	DET
ftr-442	376	3	entity	entity	NOUN
ftr-442	376	4	initially	initially	ADV
ftr-442	376	5	does	do	AUX
ftr-442	376	6	not	not	PART
ftr-442	376	7	qualify	qualify	VERB
ftr-442	376	8	to	to	PART
ftr-442	376	9	be	be	AUX
ftr-442	376	10	an	an	DET
ftr-442	376	11	s	s	NOUN
ftr-442	376	12	entity	entity	NOUN
ftr-442	376	13	(	(	PUNCT
ftr-442	376	14	because	because	SCONJ
ftr-442	376	15	it	it	PRON
ftr-442	376	16	has	have	VERB
ftr-442	376	17	more	more	ADJ
ftr-442	376	18	than	than	ADP
ftr-442	376	19	one	one	NUM
ftr-442	376	20	class	class	NOUN
ftr-442	376	21	of	of	ADP
ftr-442	376	22	equity	equity	NOUN
ftr-442	376	23	interests	interest	NOUN
ftr-442	376	24	,	,	PUNCT
ftr-442	376	25	publicly	publicly	ADV
ftr-442	376	26	traded	trade	VERB
ftr-442	376	27	equity	equity	NOUN
ftr-442	376	28	interests	interest	NOUN
ftr-442	376	29	,	,	PUNCT
ftr-442	376	30	or	or	CCONJ
ftr-442	376	31	more	more	ADJ
ftr-442	376	32	than	than	ADP
ftr-442	376	33	100	100	NUM
ftr-442	376	34	equity	equity	NOUN
ftr-442	376	35	owners	owner	NOUN
ftr-442	376	36	)	)	PUNCT
ftr-442	376	37	but	but	CCONJ
ftr-442	376	38	later	later	ADV
ftr-442	376	39	qualifies	qualifie	NOUN
ftr-442	376	40	(	(	PUNCT
ftr-442	376	41	e.g.	e.g.	ADV
ftr-442	376	42	,	,	PUNCT
ftr-442	376	43	by	by	ADP
ftr-442	376	44	redemptions	redemption	NOUN
ftr-442	376	45	that	that	PRON
ftr-442	376	46	eliminate	eliminate	VERB
ftr-442	376	47	a	a	DET
ftr-442	376	48	second	second	ADJ
ftr-442	376	49	class	class	NOUN
ftr-442	376	50	of	of	ADP
ftr-442	376	51	interests	interest	NOUN
ftr-442	376	52	or	or	CCONJ
ftr-442	376	53	publicly	publicly	ADV
ftr-442	376	54	traded	trade	VERB
ftr-442	376	55	interests	interest	NOUN
ftr-442	376	56	or	or	CCONJ
ftr-442	376	57	reduce	reduce	VERB
ftr-442	376	58	the	the	DET
ftr-442	376	59	number	number	NOUN
ftr-442	376	60	of	of	ADP
ftr-442	376	61	interest	interest	NOUN
ftr-442	376	62	holders	holder	NOUN
ftr-442	376	63	to	to	ADP
ftr-442	376	64	100	100	NUM
ftr-442	376	65	or	or	CCONJ
ftr-442	376	66	fewer	few	ADJ
ftr-442	376	67	)	)	PUNCT
ftr-442	376	68	,	,	PUNCT
ftr-442	376	69	the	the	DET
ftr-442	376	70	entity	entity	NOUN
ftr-442	376	71	should	should	AUX
ftr-442	376	72	not	not	PART
ftr-442	376	73	be	be	AUX
ftr-442	376	74	an	an	DET
ftr-442	376	75	s	s	NOUN
ftr-442	376	76	entity	entity	NOUN
ftr-442	376	77	unless	unless	SCONJ
ftr-442	376	78	it	it	PRON
ftr-442	376	79	so	so	ADV
ftr-442	376	80	elects	elect	VERB
ftr-442	376	81	.	.	PUNCT
ftr-442	377	1	32	32	NUM
ftr-442	377	2	.	.	PUNCT
ftr-442	378	1	under	under	ADP
ftr-442	378	2	present	present	ADJ
ftr-442	378	3	law	law	NOUN
ftr-442	378	4	,	,	PUNCT
ftr-442	378	5	a	a	DET
ftr-442	378	6	one	one	NUM
ftr-442	378	7	-	-	PUNCT
ftr-442	378	8	owner	owner	NOUN
ftr-442	378	9	limited	limit	VERB
ftr-442	378	10	liability	liability	NOUN
ftr-442	378	11	company	company	NOUN
ftr-442	378	12	electing	elect	VERB
ftr-442	378	13	conduit	conduit	NOUN
ftr-442	378	14	treatment	treatment	NOUN
ftr-442	378	15	is	be	AUX
ftr-442	378	16	so	so	ADV
ftr-442	378	17	classified	classified	ADJ
ftr-442	378	18	as	as	ADP
ftr-442	378	19	a	a	DET
ftr-442	378	20	"	"	PUNCT
ftr-442	378	21	tax	tax	NOUN
ftr-442	378	22	nothing	nothing	PRON
ftr-442	378	23	,	,	PUNCT
ftr-442	378	24	"	"	PUNCT
ftr-442	378	25	but	but	CCONJ
ftr-442	378	26	a	a	DET
ftr-442	378	27	corporation	corporation	NOUN
ftr-442	378	28	with	with	ADP
ftr-442	378	29	one	one	NUM
ftr-442	378	30	shareholder	shareholder	NOUN
ftr-442	378	31	can	can	AUX
ftr-442	378	32	be	be	AUX
ftr-442	378	33	an	an	DET
ftr-442	378	34	s	s	NOUN
ftr-442	378	35	corporation	corporation	NOUN
ftr-442	378	36	.	.	PUNCT
ftr-442	379	1	temp	temp	NOUN
ftr-442	379	2	.	.	PUNCT
ftr-442	380	1	regs	regs	PROPN
ftr-442	380	2	.	.	PUNCT
ftr-442	381	1	§	§	PROPN
ftr-442	381	2	301.7701	301.7701	NUM
ftr-442	381	3	-	-	SYM
ftr-442	381	4	3(a	3(a	NUM
ftr-442	381	5	)	)	PUNCT
ftr-442	381	6	.	.	PUNCT
ftr-442	382	1	consistent	consistent	ADJ
ftr-442	382	2	with	with	ADP
ftr-442	382	3	the	the	DET
ftr-442	382	4	general	general	ADJ
ftr-442	382	5	goal	goal	NOUN
ftr-442	382	6	in	in	ADP
ftr-442	382	7	this	this	DET
ftr-442	382	8	model	model	NOUN
ftr-442	382	9	to	to	PART
ftr-442	382	10	avoid	avoid	VERB
ftr-442	382	11	distinctions	distinction	NOUN
ftr-442	382	12	dependent	dependent	ADJ
ftr-442	382	13	on	on	ADP
ftr-442	382	14	form	form	NOUN
ftr-442	382	15	of	of	ADP
ftr-442	382	16	organization	organization	NOUN
ftr-442	382	17	,	,	PUNCT
ftr-442	382	18	either	either	CCONJ
ftr-442	382	19	the	the	DET
ftr-442	382	20	tax	tax	NOUN
ftr-442	382	21	-	-	PUNCT
ftr-442	382	22	nothing	nothing	PRON
ftr-442	382	23	approach	approach	NOUN
ftr-442	382	24	or	or	CCONJ
ftr-442	382	25	the	the	DET
ftr-442	382	26	s	s	NOUN
ftr-442	382	27	approach	approach	NOUN
ftr-442	382	28	should	should	AUX
ftr-442	382	29	apply	apply	VERB
ftr-442	382	30	to	to	ADP
ftr-442	382	31	all	all	DET
ftr-442	382	32	entities	entity	NOUN
ftr-442	382	33	.	.	PUNCT
ftr-442	383	1	the	the	DET
ftr-442	383	2	tax	tax	NOUN
ftr-442	383	3	-	-	PUNCT
ftr-442	383	4	nothing	nothing	PRON
ftr-442	383	5	approach	approach	NOUN
ftr-442	383	6	is	be	AUX
ftr-442	383	7	chosen	choose	VERB
ftr-442	383	8	because	because	SCONJ
ftr-442	383	9	it	it	PRON
ftr-442	383	10	is	be	AUX
ftr-442	383	11	probably	probably	ADV
ftr-442	383	12	simpler	simple	ADJ
ftr-442	383	13	and	and	CCONJ
ftr-442	383	14	less	less	ADV
ftr-442	383	15	susceptible	susceptible	ADJ
ftr-442	383	16	to	to	ADP
ftr-442	383	17	manipulation	manipulation	NOUN
ftr-442	383	18	.	.	PUNCT
ftr-442	384	1	33	33	NUM
ftr-442	384	2	.	.	PUNCT
ftr-442	385	1	see	see	VERB
ftr-442	385	2	kwall	kwall	PROPN
ftr-442	385	3	,	,	PUNCT
ftr-442	385	4	supra	supra	PROPN
ftr-442	385	5	note	note	NOUN
ftr-442	385	6	5	5	NUM
ftr-442	385	7	,	,	PUNCT
ftr-442	385	8	at	at	ADP
ftr-442	385	9	252	252	NUM
ftr-442	385	10	-	-	SYM
ftr-442	385	11	53	53	NUM
ftr-442	385	12	.	.	PUNCT
ftr-442	385	13	34	34	NUM
ftr-442	385	14	.	.	PUNCT
ftr-442	386	1	see	see	VERB
ftr-442	386	2	irc	irc	PROPN
ftr-442	386	3	§	§	PROPN
ftr-442	386	4	§	§	PROPN
ftr-442	386	5	1441	1441	NUM
ftr-442	386	6	,	,	PUNCT
ftr-442	386	7	1442	1442	NUM
ftr-442	386	8	(	(	PUNCT
ftr-442	386	9	withholding	withhold	VERB
ftr-442	386	10	tax	tax	NOUN
ftr-442	386	11	from	from	ADP
ftr-442	386	12	foreign	foreign	ADJ
ftr-442	386	13	persons	person	NOUN
ftr-442	386	14	'	'	PART
ftr-442	386	15	nonbusiness	nonbusiness	NOUN
ftr-442	386	16	incomes	income	NOUN
ftr-442	386	17	)	)	PUNCT
ftr-442	386	18	,	,	PUNCT
ftr-442	386	19	1446	1446	NUM
ftr-442	386	20	(	(	PUNCT
ftr-442	386	21	withholding	withhold	VERB
ftr-442	386	22	tax	tax	NOUN
ftr-442	386	23	from	from	ADP
ftr-442	386	24	foreign	foreign	ADJ
ftr-442	386	25	partners	partner	NOUN
ftr-442	386	26	'	'	PART
ftr-442	386	27	distributive	distributive	ADJ
ftr-442	386	28	shares	share	NOUN
ftr-442	386	29	of	of	ADP
ftr-442	386	30	partnership	partnership	NOUN
ftr-442	386	31	taxable	taxable	ADJ
ftr-442	386	32	income	income	NOUN
ftr-442	386	33	effectively	effectively	ADV
ftr-442	386	34	connected	connect	VERB
ftr-442	386	35	with	with	ADP
ftr-442	386	36	u.s	u.s	PROPN
ftr-442	386	37	.	.	PROPN
ftr-442	386	38	business	business	NOUN
ftr-442	386	39	)	)	PUNCT
ftr-442	386	40	.	.	PUNCT
ftr-442	387	1	35	35	NUM
ftr-442	387	2	.	.	PUNCT
ftr-442	388	1	see	see	VERB
ftr-442	388	2	kwall	kwall	PROPN
ftr-442	388	3	,	,	PUNCT
ftr-442	388	4	supra	supra	PROPN
ftr-442	388	5	note	note	NOUN
ftr-442	388	6	5	5	NUM
ftr-442	388	7	,	,	PUNCT
ftr-442	388	8	at	at	ADP
ftr-442	388	9	252	252	NUM
ftr-442	388	10	-	-	SYM
ftr-442	388	11	53	53	NUM
ftr-442	388	12	.	.	PUNCT
ftr-442	388	13	36	36	NUM
ftr-442	388	14	.	.	PUNCT
ftr-442	389	1	i	i	PRON
ftr-442	389	2	d.	d.	PROPN
ftr-442	389	3	1999	1999	NUM
ftr-442	389	4	]	]	PUNCT
ftr-442	389	5	florida	florida	PROPN
ftr-442	389	6	tax	tax	PROPN
ftr-442	389	7	review	review	NOUN
ftr-442	389	8	however	however	ADV
ftr-442	389	9	,	,	PUNCT
ftr-442	389	10	the	the	DET
ftr-442	389	11	effect	effect	NOUN
ftr-442	389	12	of	of	ADP
ftr-442	389	13	professor	professor	NOUN
ftr-442	389	14	kwall	kwall	PROPN
ftr-442	389	15	's	's	PART
ftr-442	389	16	limitation	limitation	NOUN
ftr-442	389	17	is	be	AUX
ftr-442	389	18	that	that	SCONJ
ftr-442	389	19	conduit	conduit	NOUN
ftr-442	389	20	taxation	taxation	NOUN
ftr-442	389	21	would	would	AUX
ftr-442	389	22	be	be	AUX
ftr-442	389	23	wholly	wholly	ADV
ftr-442	389	24	unavailable	unavailable	ADJ
ftr-442	389	25	to	to	ADP
ftr-442	389	26	an	an	DET
ftr-442	389	27	entity	entity	NOUN
ftr-442	389	28	if	if	SCONJ
ftr-442	389	29	just	just	ADV
ftr-442	389	30	one	one	NUM
ftr-442	389	31	of	of	ADP
ftr-442	389	32	its	its	PRON
ftr-442	389	33	owners	owner	NOUN
ftr-442	389	34	were	be	AUX
ftr-442	389	35	foreign	foreign	ADJ
ftr-442	389	36	,	,	PUNCT
ftr-442	389	37	even	even	ADV
ftr-442	389	38	if	if	SCONJ
ftr-442	389	39	this	this	DET
ftr-442	389	40	person	person	NOUN
ftr-442	389	41	's	's	PART
ftr-442	389	42	proportionate	proportionate	ADJ
ftr-442	389	43	interest	interest	NOUN
ftr-442	389	44	were	be	AUX
ftr-442	389	45	only	only	ADV
ftr-442	389	46	a	a	DET
ftr-442	389	47	fraction	fraction	NOUN
ftr-442	389	48	of	of	ADP
ftr-442	389	49	1	1	NUM
ftr-442	389	50	%	%	NOUN
ftr-442	389	51	.	.	PUNCT
ftr-442	390	1	presently	presently	ADV
ftr-442	390	2	,	,	PUNCT
ftr-442	390	3	a	a	DET
ftr-442	390	4	corporation	corporation	NOUN
ftr-442	390	5	with	with	ADP
ftr-442	390	6	a	a	DET
ftr-442	390	7	foreign	foreign	ADJ
ftr-442	390	8	shareholder	shareholder	NOUN
ftr-442	390	9	can	can	AUX
ftr-442	390	10	not	not	PART
ftr-442	390	11	be	be	AUX
ftr-442	390	12	an	an	DET
ftr-442	390	13	s	s	NOUN
ftr-442	390	14	corporation	corporation	NOUN
ftr-442	390	15	,	,	PUNCT
ftr-442	390	16	"	"	PUNCT
ftr-442	390	17	but	but	CCONJ
ftr-442	390	18	subchapter	subchapter	PROPN
ftr-442	390	19	k	k	PROPN
ftr-442	390	20	applies	apply	VERB
ftr-442	390	21	to	to	ADP
ftr-442	390	22	a	a	DET
ftr-442	390	23	partnership	partnership	NOUN
ftr-442	390	24	,	,	PUNCT
ftr-442	390	25	regardless	regardless	ADV
ftr-442	390	26	of	of	ADP
ftr-442	390	27	foreign	foreign	ADJ
ftr-442	390	28	ownership	ownership	NOUN
ftr-442	390	29	.	.	PUNCT
ftr-442	391	1	denying	deny	VERB
ftr-442	391	2	all	all	DET
ftr-442	391	3	possibility	possibility	NOUN
ftr-442	391	4	of	of	ADP
ftr-442	391	5	conduit	conduit	NOUN
ftr-442	391	6	taxation	taxation	NOUN
ftr-442	391	7	to	to	ADP
ftr-442	391	8	all	all	DET
ftr-442	391	9	entities	entity	NOUN
ftr-442	391	10	with	with	ADP
ftr-442	391	11	foreign	foreign	ADJ
ftr-442	391	12	ownership	ownership	NOUN
ftr-442	391	13	seems	seem	VERB
ftr-442	391	14	extreme	extreme	ADJ
ftr-442	391	15	.	.	PUNCT
ftr-442	392	1	perhaps	perhaps	ADV
ftr-442	392	2	,	,	PUNCT
ftr-442	392	3	a	a	DET
ftr-442	392	4	more	more	ADV
ftr-442	392	5	reasonable	reasonable	ADJ
ftr-442	392	6	limitation	limitation	NOUN
ftr-442	392	7	is	be	AUX
ftr-442	392	8	to	to	PART
ftr-442	392	9	allow	allow	VERB
ftr-442	392	10	an	an	DET
ftr-442	392	11	entity	entity	NOUN
ftr-442	392	12	with	with	ADP
ftr-442	392	13	a	a	DET
ftr-442	392	14	foreign	foreign	ADJ
ftr-442	392	15	owner	owner	NOUN
ftr-442	392	16	to	to	PART
ftr-442	392	17	be	be	AUX
ftr-442	392	18	an	an	DET
ftr-442	392	19	s	s	NOUN
ftr-442	392	20	entity	entity	NOUN
ftr-442	392	21	only	only	ADV
ftr-442	392	22	if	if	SCONJ
ftr-442	392	23	the	the	DET
ftr-442	392	24	documents	document	NOUN
ftr-442	392	25	defining	define	VERB
ftr-442	392	26	the	the	DET
ftr-442	392	27	owners	owner	NOUN
ftr-442	392	28	'	'	PART
ftr-442	392	29	rights	right	NOUN
ftr-442	392	30	require	require	VERB
ftr-442	392	31	withholding	withholding	NOUN
ftr-442	392	32	taxes	taxis	NOUN
ftr-442	392	33	paid	pay	VERB
ftr-442	392	34	on	on	ADP
ftr-442	392	35	behalf	behalf	NOUN
ftr-442	392	36	of	of	ADP
ftr-442	392	37	any	any	DET
ftr-442	392	38	owner	owner	NOUN
ftr-442	392	39	to	to	PART
ftr-442	392	40	be	be	AUX
ftr-442	392	41	accounted	account	VERB
ftr-442	392	42	for	for	ADP
ftr-442	392	43	as	as	ADP
ftr-442	392	44	loans	loan	NOUN
ftr-442	392	45	,	,	PUNCT
ftr-442	392	46	repayable	repayable	ADJ
ftr-442	392	47	with	with	ADP
ftr-442	392	48	interest	interest	NOUN
ftr-442	392	49	from	from	ADP
ftr-442	392	50	distributions	distribution	NOUN
ftr-442	392	51	to	to	ADP
ftr-442	392	52	the	the	DET
ftr-442	392	53	owner	owner	NOUN
ftr-442	392	54	if	if	SCONJ
ftr-442	392	55	not	not	PART
ftr-442	392	56	previously	previously	ADV
ftr-442	392	57	repaid	repay	VERB
ftr-442	392	58	.	.	PUNCT
ftr-442	393	1	to	to	PART
ftr-442	393	2	limit	limit	VERB
ftr-442	393	3	manipulation	manipulation	NOUN
ftr-442	393	4	,	,	PUNCT
ftr-442	393	5	the	the	DET
ftr-442	393	6	interest	interest	NOUN
ftr-442	393	7	rate	rate	NOUN
ftr-442	393	8	for	for	ADP
ftr-442	393	9	any	any	DET
ftr-442	393	10	year	year	NOUN
ftr-442	393	11	might	might	AUX
ftr-442	393	12	be	be	AUX
ftr-442	393	13	required	require	VERB
ftr-442	393	14	to	to	PART
ftr-442	393	15	be	be	AUX
ftr-442	393	16	not	not	PART
ftr-442	393	17	less	less	ADJ
ftr-442	393	18	than	than	ADP
ftr-442	393	19	the	the	DET
ftr-442	393	20	short	short	ADJ
ftr-442	393	21	-	-	PUNCT
ftr-442	393	22	term	term	NOUN
ftr-442	393	23	applicable	applicable	ADJ
ftr-442	393	24	federal	federal	ADJ
ftr-442	393	25	rate	rate	NOUN
ftr-442	393	26	(	(	PUNCT
ftr-442	393	27	afr	afr	PROPN
ftr-442	393	28	)	)	PUNCT
ftr-442	393	29	for	for	ADP
ftr-442	393	30	the	the	DET
ftr-442	393	31	first	first	ADJ
ftr-442	393	32	month	month	NOUN
ftr-442	393	33	of	of	ADP
ftr-442	393	34	the	the	DET
ftr-442	393	35	year	year	NOUN
ftr-442	393	36	and	and	CCONJ
ftr-442	393	37	not	not	PART
ftr-442	393	38	more	more	ADJ
ftr-442	393	39	than	than	ADP
ftr-442	393	40	twice	twice	DET
ftr-442	393	41	that	that	DET
ftr-442	393	42	rate	rate	NOUN
ftr-442	393	43	.	.	PUNCT
ftr-442	394	1	under	under	ADP
ftr-442	394	2	the	the	DET
ftr-442	394	3	model	model	NOUN
ftr-442	394	4	proposed	propose	VERB
ftr-442	394	5	here	here	ADV
ftr-442	394	6	,	,	PUNCT
ftr-442	394	7	conduit	conduit	NOUN
ftr-442	394	8	treatment	treatment	NOUN
ftr-442	394	9	would	would	AUX
ftr-442	394	10	not	not	PART
ftr-442	394	11	be	be	AUX
ftr-442	394	12	available	available	ADJ
ftr-442	394	13	to	to	ADP
ftr-442	394	14	an	an	DET
ftr-442	394	15	entity	entity	NOUN
ftr-442	394	16	with	with	ADP
ftr-442	394	17	more	more	ADJ
ftr-442	394	18	than	than	ADP
ftr-442	394	19	100	100	NUM
ftr-442	394	20	equity	equity	NOUN
ftr-442	394	21	holders	holder	NOUN
ftr-442	394	22	,	,	PUNCT
ftr-442	394	23	even	even	ADV
ftr-442	394	24	if	if	SCONJ
ftr-442	394	25	none	none	NOUN
ftr-442	394	26	of	of	ADP
ftr-442	394	27	the	the	DET
ftr-442	394	28	entity	entity	NOUN
ftr-442	394	29	's	's	PART
ftr-442	394	30	equity	equity	NOUN
ftr-442	394	31	interests	interest	NOUN
ftr-442	394	32	is	be	AUX
ftr-442	394	33	publicly	publicly	ADV
ftr-442	394	34	traded	trade	VERB
ftr-442	394	35	.	.	PUNCT
ftr-442	395	1	"8	"8	VERB
ftr-442	395	2	the	the	DET
ftr-442	395	3	principal	principal	ADJ
ftr-442	395	4	reason	reason	NOUN
ftr-442	395	5	for	for	ADP
ftr-442	395	6	this	this	DET
ftr-442	395	7	limitation	limitation	NOUN
ftr-442	395	8	is	be	AUX
ftr-442	395	9	administrative	administrative	ADJ
ftr-442	395	10	:	:	PUNCT
ftr-442	395	11	coordinating	coordinate	VERB
ftr-442	395	12	entity	entity	NOUN
ftr-442	395	13	-	-	PUNCT
ftr-442	395	14	level	level	NOUN
ftr-442	395	15	determinations	determination	NOUN
ftr-442	395	16	of	of	ADP
ftr-442	395	17	income	income	NOUN
ftr-442	395	18	with	with	ADP
ftr-442	395	19	owner	owner	NOUN
ftr-442	395	20	-	-	PUNCT
ftr-442	395	21	level	level	NOUN
ftr-442	395	22	reporting	reporting	NOUN
ftr-442	395	23	of	of	ADP
ftr-442	395	24	these	these	DET
ftr-442	395	25	items	item	NOUN
ftr-442	395	26	gets	get	VERB
ftr-442	395	27	more	more	ADV
ftr-442	395	28	complicated	complicated	ADJ
ftr-442	395	29	,	,	PUNCT
ftr-442	395	30	and	and	CCONJ
ftr-442	395	31	as	as	ADP
ftr-442	395	32	the	the	DET
ftr-442	395	33	number	number	NOUN
ftr-442	395	34	of	of	ADP
ftr-442	395	35	owners	owner	NOUN
ftr-442	395	36	increases	increase	NOUN
ftr-442	395	37	,	,	PUNCT
ftr-442	395	38	the	the	DET
ftr-442	395	39	possibilities	possibility	NOUN
ftr-442	395	40	of	of	ADP
ftr-442	395	41	coordination	coordination	NOUN
ftr-442	395	42	errors	error	NOUN
ftr-442	395	43	grow	grow	VERB
ftr-442	395	44	.	.	PUNCT
ftr-442	396	1	in	in	ADP
ftr-442	396	2	recently	recently	ADV
ftr-442	396	3	creating	create	VERB
ftr-442	396	4	an	an	DET
ftr-442	396	5	elective	elective	ADJ
ftr-442	396	6	simplified	simplify	VERB
ftr-442	396	7	flow	flow	NOUN
ftr-442	396	8	-	-	PUNCT
ftr-442	396	9	through	through	ADP
ftr-442	396	10	mechanism	mechanism	NOUN
ftr-442	396	11	for	for	ADP
ftr-442	396	12	partnerships	partnership	NOUN
ftr-442	396	13	with	with	ADP
ftr-442	396	14	100	100	NUM
ftr-442	396	15	or	or	CCONJ
ftr-442	396	16	more	more	ADJ
ftr-442	396	17	partners	partner	NOUN
ftr-442	396	18	,	,	PUNCT
ftr-442	396	19	congress	congress	PROPN
ftr-442	396	20	recognized	recognize	VERB
ftr-442	396	21	that	that	SCONJ
ftr-442	396	22	"	"	PUNCT
ftr-442	396	23	relatively	relatively	ADV
ftr-442	396	24	small	small	ADJ
ftr-442	396	25	,	,	PUNCT
ftr-442	396	26	passive	passive	ADJ
ftr-442	396	27	interests	interest	NOUN
ftr-442	396	28	in	in	ADP
ftr-442	396	29	large	large	ADJ
ftr-442	396	30	partnerships	partnership	NOUN
ftr-442	396	31	[	[	X
ftr-442	396	32	are	be	AUX
ftr-442	396	33	i]n	i]n	VERB
ftr-442	396	34	many	many	ADJ
ftr-442	396	35	respects	respect	NOUN
ftr-442	396	36	...	...	PUNCT
ftr-442	396	37	indistinguishable	indistinguishable	ADJ
ftr-442	396	38	from	from	ADP
ftr-442	396	39	..	..	PUNCT
ftr-442	396	40	,	,	PUNCT
ftr-442	396	41	corporate	corporate	ADJ
ftr-442	396	42	stock	stock	NOUN
ftr-442	396	43	.	.	PUNCT
ftr-442	397	1	"39	"39	PROPN
ftr-442	397	2	professor	professor	NOUN
ftr-442	397	3	yin	yin	PROPN
ftr-442	397	4	argues	argue	VERB
ftr-442	397	5	that	that	SCONJ
ftr-442	397	6	an	an	DET
ftr-442	397	7	entity	entity	NOUN
ftr-442	397	8	qualifying	qualify	VERB
ftr-442	397	9	for	for	ADP
ftr-442	397	10	conduit	conduit	NOUN
ftr-442	397	11	treatment	treatment	NOUN
ftr-442	397	12	should	should	AUX
ftr-442	397	13	not	not	PART
ftr-442	397	14	be	be	AUX
ftr-442	397	15	allowed	allow	VERB
ftr-442	397	16	to	to	PART
ftr-442	397	17	elect	elect	VERB
ftr-442	397	18	against	against	ADP
ftr-442	397	19	this	this	DET
ftr-442	397	20	treatment	treatment	NOUN
ftr-442	397	21	because	because	SCONJ
ftr-442	397	22	,	,	PUNCT
ftr-442	397	23	whenever	whenever	SCONJ
ftr-442	397	24	conduit	conduit	NOUN
ftr-442	397	25	treatment	treatment	NOUN
ftr-442	397	26	would	would	AUX
ftr-442	397	27	tax	tax	VERB
ftr-442	397	28	the	the	DET
ftr-442	397	29	owners	owner	NOUN
ftr-442	397	30	on	on	ADP
ftr-442	397	31	their	their	PRON
ftr-442	397	32	economic	economic	ADJ
ftr-442	397	33	shares	share	NOUN
ftr-442	397	34	of	of	ADP
ftr-442	397	35	entity	entity	NOUN
ftr-442	397	36	income	income	NOUN
ftr-442	397	37	at	at	ADP
ftr-442	397	38	their	their	PRON
ftr-442	397	39	personal	personal	ADJ
ftr-442	397	40	tax	tax	NOUN
ftr-442	397	41	rates	rate	NOUN
ftr-442	397	42	,	,	PUNCT
ftr-442	397	43	the	the	DET
ftr-442	397	44	election	election	NOUN
ftr-442	397	45	could	could	AUX
ftr-442	397	46	be	be	AUX
ftr-442	397	47	made	make	VERB
ftr-442	397	48	to	to	PART
ftr-442	397	49	substitute	substitute	VERB
ftr-442	397	50	a	a	DET
ftr-442	397	51	wrong	wrong	ADJ
ftr-442	397	52	rate	rate	NOUN
ftr-442	397	53	for	for	ADP
ftr-442	397	54	the	the	DET
ftr-442	397	55	right	right	ADJ
ftr-442	397	56	rate.n0	rate.n0	NOUN
ftr-442	397	57	this	this	DET
ftr-442	397	58	position	position	NOUN
ftr-442	397	59	makes	make	VERB
ftr-442	397	60	sense	sense	NOUN
ftr-442	397	61	in	in	ADP
ftr-442	397	62	the	the	DET
ftr-442	397	63	context	context	NOUN
ftr-442	397	64	of	of	ADP
ftr-442	397	65	his	his	PRON
ftr-442	397	66	model	model	NOUN
ftr-442	397	67	,	,	PUNCT
ftr-442	397	68	which	which	PRON
ftr-442	397	69	treats	treat	VERB
ftr-442	397	70	all	all	DET
ftr-442	397	71	private	private	ADJ
ftr-442	397	72	business	business	NOUN
ftr-442	397	73	firms	firm	NOUN
ftr-442	397	74	as	as	ADP
ftr-442	397	75	conduits	conduit	NOUN
ftr-442	397	76	.	.	PUNCT
ftr-442	398	1	however	however	ADV
ftr-442	398	2	,	,	PUNCT
ftr-442	398	3	under	under	ADP
ftr-442	398	4	the	the	DET
ftr-442	398	5	model	model	NOUN
ftr-442	398	6	proposed	propose	VERB
ftr-442	398	7	here	here	ADV
ftr-442	398	8	firms	firm	NOUN
ftr-442	398	9	would	would	AUX
ftr-442	398	10	not	not	PART
ftr-442	398	11	be	be	AUX
ftr-442	398	12	precluded	preclude	VERB
ftr-442	398	13	from	from	ADP
ftr-442	398	14	opting	opt	VERB
ftr-442	398	15	c	c	NOUN
ftr-442	398	16	status	status	NOUN
ftr-442	398	17	.	.	PUNCT
ftr-442	399	1	since	since	SCONJ
ftr-442	399	2	conduit	conduit	NOUN
ftr-442	399	3	taxation	taxation	NOUN
ftr-442	399	4	is	be	AUX
ftr-442	399	5	open	open	ADJ
ftr-442	399	6	only	only	ADV
ftr-442	399	7	to	to	ADP
ftr-442	399	8	firms	firm	NOUN
ftr-442	399	9	meeting	meet	VERB
ftr-442	399	10	restrictive	restrictive	ADJ
ftr-442	399	11	conditions	condition	NOUN
ftr-442	399	12	,	,	PUNCT
ftr-442	399	13	a	a	DET
ftr-442	399	14	firm	firm	NOUN
ftr-442	399	15	not	not	PART
ftr-442	399	16	wanting	want	VERB
ftr-442	399	17	conduit	conduit	NOUN
ftr-442	399	18	taxation	taxation	NOUN
ftr-442	399	19	could	could	AUX
ftr-442	399	20	effectively	effectively	ADV
ftr-442	399	21	elect	elect	VERB
ftr-442	399	22	c	c	NOUN
ftr-442	399	23	status	status	NOUN
ftr-442	399	24	by	by	ADP
ftr-442	399	25	failing	fail	VERB
ftr-442	399	26	one	one	NUM
ftr-442	399	27	of	of	ADP
ftr-442	399	28	the	the	DET
ftr-442	399	29	conditions	condition	NOUN
ftr-442	399	30	in	in	ADP
ftr-442	399	31	a	a	DET
ftr-442	399	32	way	way	NOUN
ftr-442	399	33	that	that	PRON
ftr-442	399	34	does	do	AUX
ftr-442	399	35	not	not	PART
ftr-442	399	36	substantially	substantially	ADV
ftr-442	399	37	alter	alter	VERB
ftr-442	399	38	the	the	DET
ftr-442	399	39	owners	owner	NOUN
ftr-442	399	40	'	'	PART
ftr-442	399	41	interests	interest	NOUN
ftr-442	399	42	(	(	PUNCT
ftr-442	399	43	e.g.	e.g.	ADV
ftr-442	399	44	,	,	PUNCT
ftr-442	399	45	by	by	ADP
ftr-442	399	46	issuing	issue	VERB
ftr-442	399	47	a	a	DET
ftr-442	399	48	small	small	ADJ
ftr-442	399	49	preferred	preferred	ADJ
ftr-442	399	50	equity	equity	NOUN
ftr-442	399	51	interest	interest	NOUN
ftr-442	399	52	)	)	PUNCT
ftr-442	399	53	.	.	PUNCT
ftr-442	400	1	moreover	moreover	ADV
ftr-442	400	2	,	,	PUNCT
ftr-442	400	3	because	because	SCONJ
ftr-442	400	4	37	37	NUM
ftr-442	400	5	.	.	PUNCT
ftr-442	400	6	see	see	VERB
ftr-442	400	7	irc	irc	PROPN
ftr-442	400	8	§	§	PROPN
ftr-442	400	9	1361(b)(1)(c	1361(b)(1)(c	NUM
ftr-442	400	10	)	)	PUNCT
ftr-442	400	11	.	.	PUNCT
ftr-442	401	1	38	38	NUM
ftr-442	401	2	.	.	PUNCT
ftr-442	402	1	under	under	ADP
ftr-442	402	2	present	present	ADJ
ftr-442	402	3	law	law	NOUN
ftr-442	402	4	,	,	PUNCT
ftr-442	402	5	a	a	DET
ftr-442	402	6	corporation	corporation	NOUN
ftr-442	402	7	with	with	ADP
ftr-442	402	8	more	more	ADJ
ftr-442	402	9	than	than	ADP
ftr-442	402	10	75	75	NUM
ftr-442	402	11	shareholders	shareholder	NOUN
ftr-442	402	12	may	may	AUX
ftr-442	402	13	not	not	PART
ftr-442	402	14	be	be	AUX
ftr-442	402	15	an	an	DET
ftr-442	402	16	s	s	NOUN
ftr-442	402	17	corporation	corporation	NOUN
ftr-442	402	18	.	.	PUNCT
ftr-442	403	1	see	see	VERB
ftr-442	403	2	irc	irc	PROPN
ftr-442	403	3	§	§	PROPN
ftr-442	403	4	1361(b)(1)(a	1361(b)(1)(a	NUM
ftr-442	403	5	)	)	PUNCT
ftr-442	403	6	.	.	PUNCT
ftr-442	404	1	39	39	NUM
ftr-442	404	2	.	.	PUNCT
ftr-442	405	1	staff	staff	NOUN
ftr-442	405	2	of	of	ADP
ftr-442	405	3	joint	joint	ADJ
ftr-442	405	4	comm	comm	NOUN
ftr-442	405	5	.	.	PUNCT
ftr-442	406	1	on	on	ADP
ftr-442	406	2	tax'n	tax'n	NOUN
ftr-442	406	3	,	,	PUNCT
ftr-442	406	4	105th	105th	ADJ
ftr-442	406	5	cong	cong	NOUN
ftr-442	406	6	.	.	PROPN
ftr-442	406	7	,	,	PUNCT
ftr-442	406	8	general	general	ADJ
ftr-442	406	9	explanation	explanation	NOUN
ftr-442	406	10	of	of	ADP
ftr-442	406	11	tax	tax	NOUN
ftr-442	406	12	legislation	legislation	NOUN
ftr-442	406	13	enacted	enact	VERB
ftr-442	406	14	in	in	ADP
ftr-442	406	15	1997	1997	NUM
ftr-442	406	16	354	354	NUM
ftr-442	406	17	(	(	PUNCT
ftr-442	406	18	comm	comm	NOUN
ftr-442	406	19	.	.	PUNCT
ftr-442	407	1	print	print	NOUN
ftr-442	407	2	1997	1997	NUM
ftr-442	407	3	)	)	PUNCT
ftr-442	407	4	.	.	PUNCT
ftr-442	408	1	40	40	NUM
ftr-442	408	2	.	.	PUNCT
ftr-442	409	1	see	see	VERB
ftr-442	409	2	yin	yin	PROPN
ftr-442	409	3	,	,	PUNCT
ftr-442	409	4	supra	supra	PROPN
ftr-442	409	5	note	note	PROPN
ftr-442	409	6	14	14	NUM
ftr-442	409	7	,	,	PUNCT
ftr-442	409	8	at	at	ADP
ftr-442	409	9	149	149	NUM
ftr-442	409	10	-	-	SYM
ftr-442	409	11	50	50	NUM
ftr-442	409	12	.	.	PUNCT
ftr-442	410	1	[	[	X
ftr-442	410	2	vol	vol	NOUN
ftr-442	410	3	.	.	PUNCT
ftr-442	410	4	4:3	4:3	NUM
ftr-442	410	5	taxation	taxation	NOUN
ftr-442	410	6	of	of	ADP
ftr-442	410	7	private	private	ADJ
ftr-442	410	8	business	business	NOUN
ftr-442	410	9	firms	firm	NOUN
ftr-442	410	10	private	private	ADJ
ftr-442	410	11	c	c	NOUN
ftr-442	410	12	entities	entity	NOUN
ftr-442	410	13	are	be	AUX
ftr-442	410	14	taxed	tax	VERB
ftr-442	410	15	at	at	ADP
ftr-442	410	16	the	the	DET
ftr-442	410	17	highest	high	ADJ
ftr-442	410	18	individual	individual	ADJ
ftr-442	410	19	rate	rate	NOUN
ftr-442	410	20	,	,	PUNCT
ftr-442	410	21	an	an	DET
ftr-442	410	22	election	election	NOUN
ftr-442	410	23	of	of	ADP
ftr-442	410	24	c	c	NOUN
ftr-442	410	25	status	status	NOUN
ftr-442	410	26	would	would	AUX
ftr-442	410	27	not	not	PART
ftr-442	410	28	often	often	ADV
ftr-442	410	29	have	have	VERB
ftr-442	410	30	the	the	DET
ftr-442	410	31	effect	effect	NOUN
ftr-442	410	32	of	of	ADP
ftr-442	410	33	reducing	reduce	VERB
ftr-442	410	34	tax	tax	NOUN
ftr-442	410	35	obligations	obligation	NOUN
ftr-442	410	36	.	.	PUNCT
ftr-442	411	1	2	2	X
ftr-442	411	2	.	.	NUM
ftr-442	411	3	fixed	fix	VERB
ftr-442	411	4	payment	payment	NOUN
ftr-442	411	5	instruments.-the	instruments.-the	PROPN
ftr-442	411	6	proposed	propose	VERB
ftr-442	411	7	model	model	NOUN
ftr-442	411	8	would	would	AUX
ftr-442	411	9	allow	allow	VERB
ftr-442	411	10	an	an	DET
ftr-442	411	11	s	s	NOUN
ftr-442	411	12	entity	entity	NOUN
ftr-442	411	13	to	to	PART
ftr-442	411	14	designate	designate	VERB
ftr-442	411	15	as	as	ADP
ftr-442	411	16	debt	debt	NOUN
ftr-442	411	17	any	any	DET
ftr-442	411	18	type	type	NOUN
ftr-442	411	19	of	of	ADP
ftr-442	411	20	instrument	instrument	NOUN
ftr-442	411	21	if	if	SCONJ
ftr-442	411	22	the	the	DET
ftr-442	411	23	financial	financial	ADJ
ftr-442	411	24	rights	right	NOUN
ftr-442	411	25	of	of	ADP
ftr-442	411	26	the	the	DET
ftr-442	411	27	holder	holder	NOUN
ftr-442	411	28	included	include	VERB
ftr-442	411	29	only	only	ADV
ftr-442	411	30	(	(	PUNCT
ftr-442	411	31	1	1	X
ftr-442	411	32	)	)	PUNCT
ftr-442	411	33	annual	annual	ADJ
ftr-442	411	34	or	or	CCONJ
ftr-442	411	35	more	more	ADV
ftr-442	411	36	frequent	frequent	ADJ
ftr-442	411	37	periodic	periodic	ADJ
ftr-442	411	38	payments	payment	NOUN
ftr-442	411	39	in	in	ADP
ftr-442	411	40	a	a	DET
ftr-442	411	41	fixed	fix	VERB
ftr-442	411	42	dollar	dollar	NOUN
ftr-442	411	43	amount	amount	NOUN
ftr-442	411	44	and	and	CCONJ
ftr-442	411	45	(	(	PUNCT
ftr-442	411	46	2	2	X
ftr-442	411	47	)	)	PUNCT
ftr-442	411	48	a	a	DET
ftr-442	411	49	distribution	distribution	NOUN
ftr-442	411	50	on	on	ADP
ftr-442	411	51	retirement	retirement	NOUN
ftr-442	411	52	of	of	ADP
ftr-442	411	53	the	the	DET
ftr-442	411	54	instrument	instrument	NOUN
ftr-442	411	55	in	in	ADP
ftr-442	411	56	a	a	DET
ftr-442	411	57	specified	specify	VERB
ftr-442	411	58	dollar	dollar	NOUN
ftr-442	411	59	amount.4	amount.4	ADP
ftr-442	411	60	an	an	DET
ftr-442	411	61	instrument	instrument	NOUN
ftr-442	411	62	meeting	meeting	NOUN
ftr-442	411	63	these	these	DET
ftr-442	411	64	requirements	requirement	NOUN
ftr-442	411	65	would	would	AUX
ftr-442	411	66	be	be	AUX
ftr-442	411	67	subject	subject	ADJ
ftr-442	411	68	to	to	ADP
ftr-442	411	69	all	all	PRON
ftr-442	411	70	of	of	ADP
ftr-442	411	71	the	the	DET
ftr-442	411	72	rules	rule	NOUN
ftr-442	411	73	for	for	ADP
ftr-442	411	74	debt	debt	NOUN
ftr-442	411	75	instruments	instrument	NOUN
ftr-442	411	76	,	,	PUNCT
ftr-442	411	77	both	both	PRON
ftr-442	411	78	as	as	ADP
ftr-442	411	79	to	to	ADP
ftr-442	411	80	the	the	DET
ftr-442	411	81	entity	entity	NOUN
ftr-442	411	82	and	and	CCONJ
ftr-442	411	83	to	to	ADP
ftr-442	411	84	the	the	DET
ftr-442	411	85	holder	holder	NOUN
ftr-442	411	86	of	of	ADP
ftr-442	411	87	the	the	DET
ftr-442	411	88	instrument	instrument	NOUN
ftr-442	411	89	,	,	PUNCT
ftr-442	411	90	whether	whether	SCONJ
ftr-442	411	91	the	the	DET
ftr-442	411	92	instrument	instrument	NOUN
ftr-442	411	93	is	be	AUX
ftr-442	411	94	called	call	VERB
ftr-442	411	95	a	a	DET
ftr-442	411	96	debt	debt	NOUN
ftr-442	411	97	instrument	instrument	NOUN
ftr-442	411	98	,	,	PUNCT
ftr-442	411	99	preferred	preferred	ADJ
ftr-442	411	100	stock	stock	NOUN
ftr-442	411	101	,	,	PUNCT
ftr-442	411	102	or	or	CCONJ
ftr-442	411	103	a	a	DET
ftr-442	411	104	partnership	partnership	NOUN
ftr-442	411	105	interest	interest	NOUN
ftr-442	411	106	,	,	PUNCT
ftr-442	411	107	or	or	CCONJ
ftr-442	411	108	bears	bear	VERB
ftr-442	411	109	some	some	DET
ftr-442	411	110	other	other	ADJ
ftr-442	411	111	label	label	NOUN
ftr-442	411	112	.	.	PUNCT
ftr-442	412	1	an	an	DET
ftr-442	412	2	interest	interest	NOUN
ftr-442	412	3	designated	designate	VERB
ftr-442	412	4	as	as	ADP
ftr-442	412	5	debt	debt	NOUN
ftr-442	412	6	would	would	AUX
ftr-442	412	7	not	not	PART
ftr-442	412	8	be	be	AUX
ftr-442	412	9	considered	consider	VERB
ftr-442	412	10	a	a	DET
ftr-442	412	11	second	second	ADJ
ftr-442	412	12	class	class	NOUN
ftr-442	412	13	of	of	ADP
ftr-442	412	14	equity	equity	NOUN
ftr-442	412	15	interests	interest	NOUN
ftr-442	412	16	,	,	PUNCT
ftr-442	412	17	and	and	CCONJ
ftr-442	412	18	holders	holder	NOUN
ftr-442	412	19	of	of	ADP
ftr-442	412	20	these	these	DET
ftr-442	412	21	interests	interest	NOUN
ftr-442	412	22	would	would	AUX
ftr-442	412	23	not	not	PART
ftr-442	412	24	be	be	AUX
ftr-442	412	25	counted	count	VERB
ftr-442	412	26	against	against	ADP
ftr-442	412	27	the	the	DET
ftr-442	412	28	100	100	NUM
ftr-442	412	29	-	-	PUNCT
ftr-442	412	30	equity	equity	NOUN
ftr-442	412	31	-	-	PUNCT
ftr-442	412	32	holders	holder	NOUN
ftr-442	412	33	ceiling	ceiling	NOUN
ftr-442	412	34	.	.	PUNCT
ftr-442	413	1	the	the	DET
ftr-442	413	2	designation	designation	NOUN
ftr-442	413	3	would	would	AUX
ftr-442	413	4	have	have	VERB
ftr-442	413	5	to	to	PART
ftr-442	413	6	be	be	AUX
ftr-442	413	7	made	make	VERB
ftr-442	413	8	when	when	SCONJ
ftr-442	413	9	the	the	DET
ftr-442	413	10	instrument	instrument	NOUN
ftr-442	413	11	is	be	AUX
ftr-442	413	12	issued	issue	VERB
ftr-442	413	13	,	,	PUNCT
ftr-442	413	14	and	and	CCONJ
ftr-442	413	15	a	a	DET
ftr-442	413	16	revocation	revocation	NOUN
ftr-442	413	17	of	of	ADP
ftr-442	413	18	the	the	DET
ftr-442	413	19	designation	designation	NOUN
ftr-442	413	20	would	would	AUX
ftr-442	413	21	be	be	AUX
ftr-442	413	22	treated	treat	VERB
ftr-442	413	23	as	as	ADP
ftr-442	413	24	a	a	DET
ftr-442	413	25	payment	payment	NOUN
ftr-442	413	26	of	of	ADP
ftr-442	413	27	the	the	DET
ftr-442	413	28	original	original	ADJ
ftr-442	413	29	instrument	instrument	NOUN
ftr-442	413	30	and	and	CCONJ
ftr-442	413	31	the	the	DET
ftr-442	413	32	issuance	issuance	NOUN
ftr-442	413	33	of	of	ADP
ftr-442	413	34	another	another	PRON
ftr-442	413	35	.	.	PUNCT
ftr-442	414	1	professor	professor	NOUN
ftr-442	414	2	kwall	kwall	PROPN
ftr-442	414	3	would	would	AUX
ftr-442	414	4	also	also	ADV
ftr-442	414	5	allow	allow	VERB
ftr-442	414	6	a	a	DET
ftr-442	414	7	conduit	conduit	NOUN
ftr-442	414	8	entity	entity	NOUN
ftr-442	414	9	to	to	PART
ftr-442	414	10	issue	issue	VERB
ftr-442	414	11	debt	debt	NOUN
ftr-442	414	12	-	-	PUNCT
ftr-442	414	13	like	like	ADJ
ftr-442	414	14	preferred	preferred	ADJ
ftr-442	414	15	instruments	instrument	NOUN
ftr-442	414	16	,	,	PUNCT
ftr-442	414	17	but	but	CCONJ
ftr-442	414	18	he	he	PRON
ftr-442	414	19	apparently	apparently	ADV
ftr-442	414	20	would	would	AUX
ftr-442	414	21	not	not	PART
ftr-442	414	22	require	require	VERB
ftr-442	414	23	that	that	SCONJ
ftr-442	414	24	the	the	DET
ftr-442	414	25	annual	annual	ADJ
ftr-442	414	26	return	return	NOUN
ftr-442	414	27	be	be	AUX
ftr-442	414	28	paid	pay	VERB
ftr-442	414	29	immediately	immediately	ADV
ftr-442	414	30	and	and	CCONJ
ftr-442	414	31	would	would	AUX
ftr-442	414	32	treat	treat	VERB
ftr-442	414	33	a	a	DET
ftr-442	414	34	preferred	preferred	ADJ
ftr-442	414	35	interest	interest	NOUN
ftr-442	414	36	as	as	ADP
ftr-442	414	37	either	either	CCONJ
ftr-442	414	38	debt	debt	NOUN
ftr-442	414	39	or	or	CCONJ
ftr-442	414	40	equity	equity	NOUN
ftr-442	414	41	,	,	PUNCT
ftr-442	414	42	depending	depend	VERB
ftr-442	414	43	on	on	ADP
ftr-442	414	44	how	how	SCONJ
ftr-442	414	45	it	it	PRON
ftr-442	414	46	is	be	AUX
ftr-442	414	47	structured	structure	VERB
ftr-442	414	48	(	(	PUNCT
ftr-442	414	49	e.g.	e.g.	ADV
ftr-442	414	50	,	,	PUNCT
ftr-442	414	51	as	as	ADP
ftr-442	414	52	debt	debt	NOUN
ftr-442	414	53	if	if	SCONJ
ftr-442	414	54	it	it	PRON
ftr-442	414	55	takes	take	VERB
ftr-442	414	56	that	that	DET
ftr-442	414	57	form	form	NOUN
ftr-442	414	58	or	or	CCONJ
ftr-442	414	59	as	as	ADP
ftr-442	414	60	equity	equity	NOUN
ftr-442	414	61	if	if	SCONJ
ftr-442	414	62	it	it	PRON
ftr-442	414	63	is	be	AUX
ftr-442	414	64	or	or	CCONJ
ftr-442	414	65	resembles	resemble	VERB
ftr-442	414	66	preferred	preferred	ADJ
ftr-442	414	67	stock).4	stock).4	NOUN
ftr-442	414	68	however	however	ADV
ftr-442	414	69	,	,	PUNCT
ftr-442	414	70	treating	treat	VERB
ftr-442	414	71	such	such	ADJ
ftr-442	414	72	instruments	instrument	NOUN
ftr-442	414	73	as	as	SCONJ
ftr-442	414	74	equity	equity	NOUN
ftr-442	414	75	could	could	AUX
ftr-442	414	76	raise	raise	VERB
ftr-442	414	77	complex	complex	ADJ
ftr-442	414	78	allocation	allocation	NOUN
ftr-442	414	79	issues	issue	NOUN
ftr-442	414	80	,	,	PUNCT
ftr-442	414	81	particularly	particularly	ADV
ftr-442	414	82	if	if	SCONJ
ftr-442	414	83	the	the	DET
ftr-442	414	84	annual	annual	ADJ
ftr-442	414	85	return	return	NOUN
ftr-442	414	86	is	be	AUX
ftr-442	414	87	not	not	PART
ftr-442	414	88	paid	pay	VERB
ftr-442	414	89	currently	currently	ADV
ftr-442	414	90	.	.	PUNCT
ftr-442	415	1	for	for	ADP
ftr-442	415	2	example	example	NOUN
ftr-442	415	3	,	,	PUNCT
ftr-442	415	4	if	if	SCONJ
ftr-442	415	5	cumulative	cumulative	ADJ
ftr-442	415	6	preferred	preferred	ADJ
ftr-442	415	7	stock	stock	NOUN
ftr-442	415	8	is	be	AUX
ftr-442	415	9	treated	treat	VERB
ftr-442	415	10	as	as	ADP
ftr-442	415	11	equity	equity	NOUN
ftr-442	415	12	,	,	PUNCT
ftr-442	415	13	what	what	DET
ftr-442	415	14	allocation	allocation	NOUN
ftr-442	415	15	should	should	AUX
ftr-442	415	16	be	be	AUX
ftr-442	415	17	made	make	VERB
ftr-442	415	18	to	to	ADP
ftr-442	415	19	the	the	DET
ftr-442	415	20	shareholder	shareholder	NOUN
ftr-442	415	21	for	for	ADP
ftr-442	415	22	a	a	DET
ftr-442	415	23	particular	particular	ADJ
ftr-442	415	24	year	year	NOUN
ftr-442	415	25	if	if	SCONJ
ftr-442	415	26	entity	entity	NOUN
ftr-442	415	27	taxable	taxable	ADJ
ftr-442	415	28	income	income	NOUN
ftr-442	415	29	for	for	ADP
ftr-442	415	30	the	the	DET
ftr-442	415	31	year	year	NOUN
ftr-442	415	32	is	be	AUX
ftr-442	415	33	less	less	ADJ
ftr-442	415	34	than	than	ADP
ftr-442	415	35	the	the	DET
ftr-442	415	36	preferred	preferred	ADJ
ftr-442	415	37	dividend	dividend	NOUN
ftr-442	415	38	?	?	PUNCT
ftr-442	416	1	if	if	SCONJ
ftr-442	416	2	the	the	DET
ftr-442	416	3	entity	entity	NOUN
ftr-442	416	4	has	have	VERB
ftr-442	416	5	adequate	adequate	ADJ
ftr-442	416	6	taxable	taxable	ADJ
ftr-442	416	7	income	income	NOUN
ftr-442	416	8	,	,	PUNCT
ftr-442	416	9	but	but	CCONJ
ftr-442	416	10	most	most	ADJ
ftr-442	416	11	of	of	ADP
ftr-442	416	12	it	it	PRON
ftr-442	416	13	is	be	AUX
ftr-442	416	14	longterm	longterm	ADJ
ftr-442	416	15	capital	capital	NOUN
ftr-442	416	16	gain	gain	NOUN
ftr-442	416	17	,	,	PUNCT
ftr-442	416	18	should	should	AUX
ftr-442	416	19	the	the	DET
ftr-442	416	20	allocation	allocation	NOUN
ftr-442	416	21	to	to	ADP
ftr-442	416	22	the	the	DET
ftr-442	416	23	preferred	preferred	ADJ
ftr-442	416	24	shareholder	shareholder	NOUN
ftr-442	416	25	be	be	AUX
ftr-442	416	26	ordinary	ordinary	ADJ
ftr-442	416	27	income	income	NOUN
ftr-442	416	28	or	or	CCONJ
ftr-442	416	29	capital	capital	NOUN
ftr-442	416	30	gain	gain	NOUN
ftr-442	416	31	?	?	PUNCT
ftr-442	417	1	if	if	SCONJ
ftr-442	417	2	the	the	DET
ftr-442	417	3	dividend	dividend	NOUN
ftr-442	417	4	is	be	AUX
ftr-442	417	5	not	not	PART
ftr-442	417	6	paid	pay	VERB
ftr-442	417	7	for	for	ADP
ftr-442	417	8	a	a	DET
ftr-442	417	9	particular	particular	ADJ
ftr-442	417	10	year	year	NOUN
ftr-442	417	11	and	and	CCONJ
ftr-442	417	12	cumulates	cumulate	NOUN
ftr-442	417	13	to	to	ADP
ftr-442	417	14	the	the	DET
ftr-442	417	15	following	following	ADJ
ftr-442	417	16	year	year	NOUN
ftr-442	417	17	,	,	PUNCT
ftr-442	417	18	should	should	AUX
ftr-442	417	19	the	the	DET
ftr-442	417	20	allocation	allocation	NOUN
ftr-442	417	21	to	to	ADP
ftr-442	417	22	the	the	DET
ftr-442	417	23	holder	holder	NOUN
ftr-442	417	24	for	for	ADP
ftr-442	417	25	the	the	DET
ftr-442	417	26	year	year	NOUN
ftr-442	417	27	be	be	AUX
ftr-442	417	28	the	the	DET
ftr-442	417	29	amount	amount	NOUN
ftr-442	417	30	of	of	ADP
ftr-442	417	31	the	the	DET
ftr-442	417	32	dividend	dividend	NOUN
ftr-442	417	33	,	,	PUNCT
ftr-442	417	34	some	some	DET
ftr-442	417	35	lesser	less	ADJ
ftr-442	417	36	figure	figure	NOUN
ftr-442	417	37	representing	represent	VERB
ftr-442	417	38	the	the	DET
ftr-442	417	39	present	present	ADJ
ftr-442	417	40	value	value	NOUN
ftr-442	417	41	of	of	ADP
ftr-442	417	42	the	the	DET
ftr-442	417	43	eventual	eventual	ADJ
ftr-442	417	44	distribution	distribution	NOUN
ftr-442	417	45	,	,	PUNCT
ftr-442	417	46	or	or	CCONJ
ftr-442	417	47	zero	zero	NUM
ftr-442	417	48	?	?	PUNCT
ftr-442	418	1	the	the	DET
ftr-442	418	2	proposal	proposal	NOUN
ftr-442	418	3	made	make	VERB
ftr-442	418	4	here	here	ADV
ftr-442	418	5	is	be	AUX
ftr-442	418	6	that	that	SCONJ
ftr-442	418	7	a	a	DET
ftr-442	418	8	preferred	preferred	ADJ
ftr-442	418	9	instrument	instrument	NOUN
ftr-442	418	10	should	should	AUX
ftr-442	418	11	violate	violate	VERB
ftr-442	418	12	the	the	DET
ftr-442	418	13	second	second	ADJ
ftr-442	418	14	class	class	NOUN
ftr-442	418	15	of	of	ADP
ftr-442	418	16	equity	equity	NOUN
ftr-442	418	17	rule	rule	NOUN
ftr-442	418	18	unless	unless	SCONJ
ftr-442	418	19	it	it	PRON
ftr-442	418	20	exhibits	exhibit	VERB
ftr-442	418	21	the	the	DET
ftr-442	418	22	principal	principal	ADJ
ftr-442	418	23	tax	tax	NOUN
ftr-442	418	24	characteristics	characteristic	NOUN
ftr-442	418	25	of	of	ADP
ftr-442	418	26	debt	debt	NOUN
ftr-442	418	27	-	-	PUNCT
ftr-442	418	28	fixed	fix	VERB
ftr-442	418	29	payment	payment	NOUN
ftr-442	418	30	obligations	obligation	NOUN
ftr-442	418	31	;	;	PUNCT
ftr-442	418	32	the	the	DET
ftr-442	418	33	annual	annual	ADJ
ftr-442	418	34	return	return	NOUN
ftr-442	418	35	on	on	ADP
ftr-442	418	36	such	such	DET
ftr-442	418	37	a	a	DET
ftr-442	418	38	debt	debt	NOUN
ftr-442	418	39	-	-	PUNCT
ftr-442	418	40	like	like	ADJ
ftr-442	418	41	instrument	instrument	NOUN
ftr-442	418	42	should	should	AUX
ftr-442	418	43	be	be	AUX
ftr-442	418	44	treated	treat	VERB
ftr-442	418	45	as	as	ADP
ftr-442	418	46	interest	interest	NOUN
ftr-442	418	47	,	,	PUNCT
ftr-442	418	48	deductible	deductible	ADJ
ftr-442	418	49	by	by	ADP
ftr-442	418	50	the	the	DET
ftr-442	418	51	entity	entity	NOUN
ftr-442	418	52	and	and	CCONJ
ftr-442	418	53	taxable	taxable	ADJ
ftr-442	418	54	as	as	ADP
ftr-442	418	55	ordinary	ordinary	ADJ
ftr-442	418	56	income	income	NOUN
ftr-442	418	57	to	to	ADP
ftr-442	418	58	the	the	DET
ftr-442	418	59	holder	holder	NOUN
ftr-442	418	60	,	,	PUNCT
ftr-442	418	61	whether	whether	SCONJ
ftr-442	418	62	it	it	PRON
ftr-442	418	63	is	be	AUX
ftr-442	418	64	paid	pay	VERB
ftr-442	418	65	or	or	CCONJ
ftr-442	418	66	not	not	PART
ftr-442	418	67	and	and	CCONJ
ftr-442	418	68	regardless	regardless	ADV
ftr-442	418	69	of	of	ADP
ftr-442	418	70	the	the	DET
ftr-442	418	71	amount	amount	NOUN
ftr-442	418	72	or	or	CCONJ
ftr-442	418	73	character	character	NOUN
ftr-442	418	74	of	of	ADP
ftr-442	418	75	the	the	DET
ftr-442	418	76	entity	entity	NOUN
ftr-442	418	77	's	's	PART
ftr-442	418	78	income	income	NOUN
ftr-442	418	79	.	.	PUNCT
ftr-442	419	1	41	41	NUM
ftr-442	419	2	.	.	PUNCT
ftr-442	420	1	the	the	DET
ftr-442	420	2	requirement	requirement	NOUN
ftr-442	420	3	that	that	SCONJ
ftr-442	420	4	the	the	DET
ftr-442	420	5	annual	annual	ADJ
ftr-442	420	6	payment	payment	NOUN
ftr-442	420	7	be	be	AUX
ftr-442	420	8	a	a	DET
ftr-442	420	9	fixed	fix	VERB
ftr-442	420	10	dollar	dollar	NOUN
ftr-442	420	11	amount	amount	NOUN
ftr-442	420	12	should	should	AUX
ftr-442	420	13	be	be	AUX
ftr-442	420	14	considered	consider	VERB
ftr-442	420	15	met	meet	VERB
ftr-442	420	16	if	if	SCONJ
ftr-442	420	17	the	the	DET
ftr-442	420	18	payment	payment	NOUN
ftr-442	420	19	is	be	AUX
ftr-442	420	20	expressed	express	VERB
ftr-442	420	21	as	as	ADP
ftr-442	420	22	a	a	DET
ftr-442	420	23	percentage	percentage	NOUN
ftr-442	420	24	of	of	ADP
ftr-442	420	25	the	the	DET
ftr-442	420	26	amount	amount	NOUN
ftr-442	420	27	payable	payable	ADJ
ftr-442	420	28	on	on	ADP
ftr-442	420	29	retirement	retirement	NOUN
ftr-442	420	30	.	.	PUNCT
ftr-442	421	1	42	42	NUM
ftr-442	421	2	.	.	PUNCT
ftr-442	422	1	see	see	VERB
ftr-442	422	2	kwall	kwall	PROPN
ftr-442	422	3	,	,	PUNCT
ftr-442	422	4	supra	supra	PROPN
ftr-442	422	5	note	note	NOUN
ftr-442	422	6	5	5	NUM
ftr-442	422	7	,	,	PUNCT
ftr-442	422	8	at	at	ADP
ftr-442	422	9	246	246	NUM
ftr-442	422	10	-	-	SYM
ftr-442	422	11	48	48	NUM
ftr-442	422	12	.	.	PUNCT
ftr-442	423	1	1999	1999	NUM
ftr-442	423	2	]	]	PUNCT
ftr-442	423	3	florida	florida	PROPN
ftr-442	423	4	tax	tax	PROPN
ftr-442	423	5	review	review	NOUN
ftr-442	423	6	3	3	X
ftr-442	423	7	.	.	PUNCT
ftr-442	423	8	contributions.-under	contributions.-under	NOUN
ftr-442	423	9	present	present	ADJ
ftr-442	423	10	law	law	NOUN
ftr-442	423	11	,	,	PUNCT
ftr-442	423	12	gain	gain	NOUN
ftr-442	423	13	or	or	CCONJ
ftr-442	423	14	loss	loss	NOUN
ftr-442	423	15	is	be	AUX
ftr-442	423	16	rarely	rarely	ADV
ftr-442	423	17	recognized	recognize	VERB
ftr-442	423	18	on	on	ADP
ftr-442	423	19	a	a	DET
ftr-442	423	20	transfer	transfer	NOUN
ftr-442	423	21	of	of	ADP
ftr-442	423	22	property	property	NOUN
ftr-442	423	23	to	to	ADP
ftr-442	423	24	a	a	DET
ftr-442	423	25	partnership	partnership	NOUN
ftr-442	423	26	in	in	ADP
ftr-442	423	27	exchange	exchange	NOUN
ftr-442	423	28	for	for	ADP
ftr-442	423	29	a	a	DET
ftr-442	423	30	partnership	partnership	NOUN
ftr-442	423	31	interest	interest	NOUN
ftr-442	423	32	,	,	PUNCT
ftr-442	423	33	and	and	CCONJ
ftr-442	423	34	nonrecognition	nonrecognition	NOUN
ftr-442	423	35	is	be	AUX
ftr-442	423	36	allowed	allow	VERB
ftr-442	423	37	on	on	ADP
ftr-442	423	38	a	a	DET
ftr-442	423	39	transfer	transfer	NOUN
ftr-442	423	40	of	of	ADP
ftr-442	423	41	property	property	NOUN
ftr-442	423	42	to	to	ADP
ftr-442	423	43	a	a	DET
ftr-442	423	44	corporation	corporation	NOUN
ftr-442	423	45	(	(	PUNCT
ftr-442	423	46	including	include	VERB
ftr-442	423	47	an	an	DET
ftr-442	423	48	s	s	NOUN
ftr-442	423	49	corporation	corporation	NOUN
ftr-442	423	50	)	)	PUNCT
ftr-442	423	51	in	in	ADP
ftr-442	423	52	exchange	exchange	NOUN
ftr-442	423	53	for	for	ADP
ftr-442	423	54	stock	stock	NOUN
ftr-442	423	55	if	if	SCONJ
ftr-442	423	56	the	the	DET
ftr-442	423	57	transferor	transferor	NOUN
ftr-442	423	58	or	or	CCONJ
ftr-442	423	59	transferors	transferor	NOUN
ftr-442	423	60	own	own	VERB
ftr-442	423	61	at	at	ADV
ftr-442	423	62	least	least	ADV
ftr-442	423	63	80	80	NUM
ftr-442	423	64	%	%	NOUN
ftr-442	423	65	of	of	ADP
ftr-442	423	66	the	the	DET
ftr-442	423	67	corporation	corporation	NOUN
ftr-442	423	68	's	's	PART
ftr-442	423	69	stock	stock	NOUN
ftr-442	423	70	immediately	immediately	ADV
ftr-442	423	71	after	after	ADP
ftr-442	423	72	the	the	DET
ftr-442	423	73	transfers.43	transfers.43	NOUN
ftr-442	423	74	the	the	DET
ftr-442	423	75	tradition	tradition	NOUN
ftr-442	423	76	of	of	ADP
ftr-442	423	77	nonrecognition	nonrecognition	NOUN
ftr-442	423	78	on	on	ADP
ftr-442	423	79	property	property	NOUN
ftr-442	423	80	transfers	transfer	NOUN
ftr-442	423	81	incident	incident	NOUN
ftr-442	423	82	to	to	ADP
ftr-442	423	83	entity	entity	NOUN
ftr-442	423	84	organization	organization	NOUN
ftr-442	423	85	is	be	AUX
ftr-442	423	86	long	long	ADJ
ftr-442	423	87	and	and	CCONJ
ftr-442	423	88	firmly	firmly	ADV
ftr-442	423	89	established	establish	VERB
ftr-442	423	90	,	,	PUNCT
ftr-442	423	91	and	and	CCONJ
ftr-442	423	92	probably	probably	ADV
ftr-442	423	93	for	for	ADP
ftr-442	423	94	good	good	ADJ
ftr-442	423	95	reason	reason	NOUN
ftr-442	423	96	.	.	PUNCT
ftr-442	424	1	requiring	require	VERB
ftr-442	424	2	gain	gain	NOUN
ftr-442	424	3	or	or	CCONJ
ftr-442	424	4	loss	loss	NOUN
ftr-442	424	5	to	to	PART
ftr-442	424	6	be	be	AUX
ftr-442	424	7	recognized	recognize	VERB
ftr-442	424	8	on	on	ADP
ftr-442	424	9	such	such	DET
ftr-442	424	10	a	a	DET
ftr-442	424	11	transfer	transfer	NOUN
ftr-442	424	12	is	be	AUX
ftr-442	424	13	seen	see	VERB
ftr-442	424	14	as	as	ADP
ftr-442	424	15	placing	place	VERB
ftr-442	424	16	an	an	DET
ftr-442	424	17	undue	undue	ADJ
ftr-442	424	18	burden	burden	NOUN
ftr-442	424	19	on	on	ADP
ftr-442	424	20	taxpayers	taxpayer	NOUN
ftr-442	424	21	'	'	PART
ftr-442	424	22	ability	ability	NOUN
ftr-442	424	23	to	to	PART
ftr-442	424	24	organize	organize	VERB
ftr-442	424	25	and	and	CCONJ
ftr-442	424	26	reorganize	reorganize	VERB
ftr-442	424	27	their	their	PRON
ftr-442	424	28	business	business	NOUN
ftr-442	424	29	affairs	affair	NOUN
ftr-442	424	30	.	.	PUNCT
ftr-442	424	31	"	"	PUNCT
ftr-442	425	1	nonrecognition	nonrecognition	NOUN
ftr-442	425	2	on	on	ADP
ftr-442	425	3	transfers	transfer	NOUN
ftr-442	425	4	to	to	PART
ftr-442	425	5	conduit	conduit	VERB
ftr-442	425	6	entities	entity	NOUN
ftr-442	425	7	raises	raise	VERB
ftr-442	425	8	at	at	ADV
ftr-442	425	9	least	least	ADV
ftr-442	425	10	one	one	NUM
ftr-442	425	11	obvious	obvious	ADJ
ftr-442	425	12	problem	problem	NOUN
ftr-442	425	13	:	:	PUNCT
ftr-442	425	14	gain	gain	NOUN
ftr-442	425	15	or	or	CCONJ
ftr-442	425	16	loss	loss	NOUN
ftr-442	425	17	accrued	accrue	VERB
ftr-442	425	18	to	to	ADP
ftr-442	425	19	the	the	DET
ftr-442	425	20	contributing	contribute	VERB
ftr-442	425	21	owner	owner	NOUN
ftr-442	425	22	before	before	ADP
ftr-442	425	23	the	the	DET
ftr-442	425	24	property	property	NOUN
ftr-442	425	25	's	's	PART
ftr-442	425	26	contribution	contribution	NOUN
ftr-442	425	27	may	may	AUX
ftr-442	425	28	be	be	AUX
ftr-442	425	29	shifted	shift	VERB
ftr-442	425	30	,	,	PUNCT
ftr-442	425	31	at	at	ADP
ftr-442	425	32	least	least	ADJ
ftr-442	425	33	in	in	ADP
ftr-442	425	34	part	part	NOUN
ftr-442	425	35	,	,	PUNCT
ftr-442	425	36	to	to	ADP
ftr-442	425	37	other	other	ADJ
ftr-442	425	38	owners	owner	NOUN
ftr-442	425	39	of	of	ADP
ftr-442	425	40	the	the	DET
ftr-442	425	41	entity	entity	NOUN
ftr-442	425	42	when	when	SCONJ
ftr-442	425	43	the	the	DET
ftr-442	425	44	entity	entity	NOUN
ftr-442	425	45	sells	sell	VERB
ftr-442	425	46	or	or	CCONJ
ftr-442	425	47	uses	use	VERB
ftr-442	425	48	the	the	DET
ftr-442	425	49	property	property	NOUN
ftr-442	425	50	.	.	PUNCT
ftr-442	426	1	this	this	DET
ftr-442	426	2	shifting	shift	VERB
ftr-442	426	3	opportunity	opportunity	NOUN
ftr-442	426	4	could	could	AUX
ftr-442	426	5	be	be	AUX
ftr-442	426	6	eliminated	eliminate	VERB
ftr-442	426	7	by	by	ADP
ftr-442	426	8	requiring	require	VERB
ftr-442	426	9	the	the	DET
ftr-442	426	10	contributing	contribute	VERB
ftr-442	426	11	owner	owner	NOUN
ftr-442	426	12	to	to	PART
ftr-442	426	13	recognize	recognize	VERB
ftr-442	426	14	gain	gain	NOUN
ftr-442	426	15	or	or	CCONJ
ftr-442	426	16	loss	loss	NOUN
ftr-442	426	17	as	as	SCONJ
ftr-442	426	18	though	though	SCONJ
ftr-442	426	19	the	the	DET
ftr-442	426	20	property	property	NOUN
ftr-442	426	21	were	be	AUX
ftr-442	426	22	sold	sell	VERB
ftr-442	426	23	to	to	ADP
ftr-442	426	24	the	the	DET
ftr-442	426	25	entity	entity	NOUN
ftr-442	426	26	at	at	ADP
ftr-442	426	27	its	its	PRON
ftr-442	426	28	fair	fair	ADJ
ftr-442	426	29	market	market	NOUN
ftr-442	426	30	value	value	NOUN
ftr-442	426	31	.	.	PUNCT
ftr-442	427	1	however	however	ADV
ftr-442	427	2	,	,	PUNCT
ftr-442	427	3	the	the	DET
ftr-442	427	4	nonrecognition	nonrecognition	NOUN
ftr-442	427	5	tradition	tradition	NOUN
ftr-442	427	6	is	be	AUX
ftr-442	427	7	probably	probably	ADV
ftr-442	427	8	so	so	ADV
ftr-442	427	9	firmly	firmly	ADV
ftr-442	427	10	based	base	VERB
ftr-442	427	11	in	in	ADP
ftr-442	427	12	history	history	NOUN
ftr-442	427	13	and	and	CCONJ
ftr-442	427	14	business	business	NOUN
ftr-442	427	15	convenience	convenience	NOUN
ftr-442	427	16	that	that	SCONJ
ftr-442	427	17	it	it	PRON
ftr-442	427	18	can	can	AUX
ftr-442	427	19	not	not	PART
ftr-442	427	20	feasibly	feasibly	ADV
ftr-442	427	21	be	be	AUX
ftr-442	427	22	reversed	reverse	VERB
ftr-442	427	23	.	.	PUNCT
ftr-442	428	1	therefore	therefore	ADV
ftr-442	428	2	,	,	PUNCT
ftr-442	428	3	under	under	ADP
ftr-442	428	4	the	the	DET
ftr-442	428	5	proposed	propose	VERB
ftr-442	428	6	model	model	NOUN
ftr-442	428	7	,	,	PUNCT
ftr-442	428	8	no	no	DET
ftr-442	428	9	gain	gain	NOUN
ftr-442	428	10	or	or	CCONJ
ftr-442	428	11	loss	loss	NOUN
ftr-442	428	12	would	would	AUX
ftr-442	428	13	be	be	AUX
ftr-442	428	14	recognized	recognize	VERB
ftr-442	428	15	by	by	ADP
ftr-442	428	16	a	a	DET
ftr-442	428	17	person	person	NOUN
ftr-442	428	18	contributing	contribute	VERB
ftr-442	428	19	property	property	NOUN
ftr-442	428	20	to	to	ADP
ftr-442	428	21	an	an	DET
ftr-442	428	22	s	s	NOUN
ftr-442	428	23	entity	entity	NOUN
ftr-442	428	24	in	in	ADP
ftr-442	428	25	exchange	exchange	NOUN
ftr-442	428	26	for	for	ADP
ftr-442	428	27	an	an	DET
ftr-442	428	28	equity	equity	NOUN
ftr-442	428	29	interest	interest	NOUN
ftr-442	428	30	in	in	ADP
ftr-442	428	31	the	the	DET
ftr-442	428	32	entity	entity	NOUN
ftr-442	428	33	or	or	CCONJ
ftr-442	428	34	by	by	ADP
ftr-442	428	35	the	the	DET
ftr-442	428	36	entity	entity	NOUN
ftr-442	428	37	on	on	ADP
ftr-442	428	38	receiving	receive	VERB
ftr-442	428	39	the	the	DET
ftr-442	428	40	property.45	property.45	NOUN
ftr-442	428	41	the	the	DET
ftr-442	428	42	possibility	possibility	NOUN
ftr-442	428	43	of	of	ADP
ftr-442	428	44	restricting	restrict	VERB
ftr-442	428	45	this	this	DET
ftr-442	428	46	nonrecognition	nonrecognition	NOUN
ftr-442	428	47	rule	rule	NOUN
ftr-442	428	48	to	to	PART
ftr-442	428	49	limit	limit	VERB
ftr-442	428	50	shifting	shift	VERB
ftr-442	428	51	opportunities	opportunity	NOUN
ftr-442	428	52	is	be	AUX
ftr-442	428	53	discussed	discuss	VERB
ftr-442	428	54	further	further	ADJ
ftr-442	428	55	below.46	below.46	PROPN
ftr-442	428	56	historically	historically	ADV
ftr-442	428	57	,	,	PUNCT
ftr-442	428	58	the	the	DET
ftr-442	428	59	law	law	NOUN
ftr-442	428	60	has	have	AUX
ftr-442	428	61	not	not	PART
ftr-442	428	62	allowed	allow	VERB
ftr-442	428	63	nonrecognition	nonrecognition	NOUN
ftr-442	428	64	on	on	ADP
ftr-442	428	65	transfers	transfer	NOUN
ftr-442	428	66	of	of	ADP
ftr-442	428	67	property	property	NOUN
ftr-442	428	68	in	in	ADP
ftr-442	428	69	exchange	exchange	NOUN
ftr-442	428	70	for	for	ADP
ftr-442	428	71	debt	debt	NOUN
ftr-442	428	72	instruments	instrument	NOUN
ftr-442	428	73	.	.	PUNCT
ftr-442	429	1	therefore	therefore	ADV
ftr-442	429	2	,	,	PUNCT
ftr-442	429	3	if	if	SCONJ
ftr-442	429	4	property	property	NOUN
ftr-442	429	5	is	be	AUX
ftr-442	429	6	contributed	contribute	VERB
ftr-442	429	7	to	to	ADP
ftr-442	429	8	an	an	DET
ftr-442	429	9	s	s	NOUN
ftr-442	429	10	entity	entity	NOUN
ftr-442	429	11	in	in	ADP
ftr-442	429	12	exchange	exchange	NOUN
ftr-442	429	13	for	for	ADP
ftr-442	429	14	an	an	DET
ftr-442	429	15	instrument	instrument	NOUN
ftr-442	429	16	issued	issue	VERB
ftr-442	429	17	by	by	ADP
ftr-442	429	18	the	the	DET
ftr-442	429	19	entity	entity	NOUN
ftr-442	429	20	that	that	PRON
ftr-442	429	21	the	the	DET
ftr-442	429	22	entity	entity	NOUN
ftr-442	429	23	designates	designate	VERB
ftr-442	429	24	as	as	ADP
ftr-442	429	25	debt	debt	NOUN
ftr-442	429	26	,	,	PUNCT
ftr-442	429	27	the	the	DET
ftr-442	429	28	contributor	contributor	NOUN
ftr-442	429	29	should	should	AUX
ftr-442	429	30	be	be	AUX
ftr-442	429	31	treated	treat	VERB
ftr-442	429	32	as	as	ADP
ftr-442	429	33	selling	sell	VERB
ftr-442	429	34	the	the	DET
ftr-442	429	35	property	property	NOUN
ftr-442	429	36	,	,	PUNCT
ftr-442	429	37	and	and	CCONJ
ftr-442	429	38	the	the	DET
ftr-442	429	39	entity	entity	NOUN
ftr-442	429	40	as	as	ADP
ftr-442	429	41	purchasing	purchase	VERB
ftr-442	429	42	it	it	PRON
ftr-442	429	43	,	,	PUNCT
ftr-442	429	44	for	for	ADP
ftr-442	429	45	a	a	DET
ftr-442	429	46	price	price	NOUN
ftr-442	429	47	equal	equal	ADJ
ftr-442	429	48	to	to	ADP
ftr-442	429	49	the	the	DET
ftr-442	429	50	instrument	instrument	NOUN
ftr-442	429	51	's	's	PART
ftr-442	429	52	principal	principal	ADJ
ftr-442	429	53	amount	amount	NOUN
ftr-442	429	54	.	.	PUNCT
ftr-442	430	1	4	4	X
ftr-442	430	2	.	.	X
ftr-442	430	3	distributions.-presently	distributions.-presently	ADV
ftr-442	430	4	,	,	PUNCT
ftr-442	430	5	when	when	SCONJ
ftr-442	430	6	a	a	DET
ftr-442	430	7	partnership	partnership	NOUN
ftr-442	430	8	distributes	distribute	VERB
ftr-442	430	9	property	property	NOUN
ftr-442	430	10	other	other	ADJ
ftr-442	430	11	than	than	ADP
ftr-442	430	12	money	money	NOUN
ftr-442	430	13	to	to	ADP
ftr-442	430	14	a	a	DET
ftr-442	430	15	partner	partner	NOUN
ftr-442	430	16	,	,	PUNCT
ftr-442	430	17	gain	gain	NOUN
ftr-442	430	18	or	or	CCONJ
ftr-442	430	19	loss	loss	NOUN
ftr-442	430	20	is	be	AUX
ftr-442	430	21	generally	generally	ADV
ftr-442	430	22	not	not	PART
ftr-442	430	23	recognized	recognize	VERB
ftr-442	430	24	by	by	ADP
ftr-442	430	25	either	either	CCONJ
ftr-442	430	26	the	the	DET
ftr-442	430	27	partnership	partnership	NOUN
ftr-442	430	28	or	or	CCONJ
ftr-442	430	29	the	the	DET
ftr-442	430	30	partner.47	partner.47	PROPN
ftr-442	430	31	an	an	DET
ftr-442	430	32	s	s	NOUN
ftr-442	430	33	corporation	corporation	NOUN
ftr-442	430	34	,	,	PUNCT
ftr-442	430	35	in	in	ADP
ftr-442	430	36	contrast	contrast	NOUN
ftr-442	430	37	,	,	PUNCT
ftr-442	430	38	43	43	NUM
ftr-442	430	39	.	.	PUNCT
ftr-442	431	1	see	see	VERB
ftr-442	431	2	irc	irc	PROPN
ftr-442	431	3	§	§	PROPN
ftr-442	431	4	§	§	PROPN
ftr-442	431	5	351(a	351(a	PROPN
ftr-442	431	6	)	)	PUNCT
ftr-442	431	7	,	,	PUNCT
ftr-442	431	8	721	721	NUM
ftr-442	431	9	.	.	NOUN
ftr-442	432	1	44	44	NUM
ftr-442	432	2	.	.	PUNCT
ftr-442	433	1	see	see	VERB
ftr-442	433	2	kwall	kwall	PROPN
ftr-442	433	3	,	,	PUNCT
ftr-442	433	4	supra	supra	PROPN
ftr-442	433	5	note	note	NOUN
ftr-442	433	6	5	5	NUM
ftr-442	433	7	,	,	PUNCT
ftr-442	433	8	at	at	ADP
ftr-442	433	9	254	254	NUM
ftr-442	433	10	.	.	PUNCT
ftr-442	434	1	45	45	NUM
ftr-442	434	2	.	.	PUNCT
ftr-442	435	1	professor	professor	NOUN
ftr-442	435	2	kwall	kwall	PROPN
ftr-442	435	3	would	would	AUX
ftr-442	435	4	also	also	ADV
ftr-442	435	5	allow	allow	VERB
ftr-442	435	6	nonrecognition	nonrecognition	NOUN
ftr-442	435	7	on	on	ADP
ftr-442	435	8	property	property	NOUN
ftr-442	435	9	transfers	transfer	NOUN
ftr-442	435	10	to	to	ADP
ftr-442	435	11	an	an	DET
ftr-442	435	12	entity	entity	NOUN
ftr-442	435	13	upon	upon	SCONJ
ftr-442	435	14	its	its	PRON
ftr-442	435	15	organization	organization	NOUN
ftr-442	435	16	,	,	PUNCT
ftr-442	435	17	but	but	CCONJ
ftr-442	435	18	gain	gain	NOUN
ftr-442	435	19	or	or	CCONJ
ftr-442	435	20	loss	loss	NOUN
ftr-442	435	21	would	would	AUX
ftr-442	435	22	be	be	AUX
ftr-442	435	23	recognized	recognize	VERB
ftr-442	435	24	on	on	ADP
ftr-442	435	25	a	a	DET
ftr-442	435	26	subsequent	subsequent	ADJ
ftr-442	435	27	transfer	transfer	NOUN
ftr-442	435	28	to	to	ADP
ftr-442	435	29	the	the	DET
ftr-442	435	30	entity	entity	NOUN
ftr-442	435	31	unless	unless	SCONJ
ftr-442	435	32	the	the	DET
ftr-442	435	33	transferor	transferor	NOUN
ftr-442	435	34	's	's	PART
ftr-442	435	35	interest	interest	NOUN
ftr-442	435	36	in	in	ADP
ftr-442	435	37	the	the	DET
ftr-442	435	38	entity	entity	NOUN
ftr-442	435	39	was	be	AUX
ftr-442	435	40	at	at	ADV
ftr-442	435	41	least	least	ADJ
ftr-442	435	42	80	80	NUM
ftr-442	435	43	%	%	NOUN
ftr-442	435	44	.	.	PUNCT
ftr-442	436	1	see	see	VERB
ftr-442	436	2	kwall	kwall	PROPN
ftr-442	436	3	,	,	PUNCT
ftr-442	436	4	supra	supra	PROPN
ftr-442	436	5	note	note	NOUN
ftr-442	436	6	5	5	NUM
ftr-442	436	7	,	,	PUNCT
ftr-442	436	8	at	at	ADP
ftr-442	436	9	254	254	NUM
ftr-442	436	10	-	-	SYM
ftr-442	436	11	58	58	NUM
ftr-442	436	12	.	.	PUNCT
ftr-442	437	1	46	46	NUM
ftr-442	437	2	.	.	PUNCT
ftr-442	438	1	see	see	VERB
ftr-442	438	2	infra	infra	NOUN
ftr-442	438	3	text	text	NOUN
ftr-442	438	4	accompanying	accompany	VERB
ftr-442	438	5	notes	note	NOUN
ftr-442	438	6	54	54	NUM
ftr-442	438	7	-	-	SYM
ftr-442	438	8	56	56	NUM
ftr-442	438	9	.	.	PUNCT
ftr-442	439	1	47	47	NUM
ftr-442	439	2	.	.	PUNCT
ftr-442	440	1	see	see	VERB
ftr-442	440	2	irc	irc	PROPN
ftr-442	440	3	§	§	PROPN
ftr-442	440	4	731(a	731(a	PROPN
ftr-442	440	5	)	)	PUNCT
ftr-442	440	6	,	,	PUNCT
ftr-442	440	7	(	(	PUNCT
ftr-442	440	8	b	b	NOUN
ftr-442	440	9	)	)	PUNCT
ftr-442	440	10	.	.	PUNCT
ftr-442	441	1	[	[	X
ftr-442	441	2	vol	vol	NOUN
ftr-442	441	3	4:3	4:3	NUM
ftr-442	441	4	taxation	taxation	NOUN
ftr-442	441	5	of	of	ADP
ftr-442	441	6	private	private	ADJ
ftr-442	441	7	business	business	NOUN
ftr-442	441	8	firms	firm	NOUN
ftr-442	441	9	recognizes	recognize	VERB
ftr-442	441	10	gain	gain	NOUN
ftr-442	441	11	on	on	ADP
ftr-442	441	12	a	a	DET
ftr-442	441	13	distribution	distribution	NOUN
ftr-442	441	14	to	to	ADP
ftr-442	441	15	a	a	DET
ftr-442	441	16	shareholder	shareholder	NOUN
ftr-442	441	17	as	as	SCONJ
ftr-442	441	18	though	though	SCONJ
ftr-442	441	19	the	the	DET
ftr-442	441	20	property	property	NOUN
ftr-442	441	21	were	be	AUX
ftr-442	441	22	sold	sell	VERB
ftr-442	441	23	to	to	ADP
ftr-442	441	24	the	the	DET
ftr-442	441	25	shareholder	shareholder	NOUN
ftr-442	441	26	at	at	ADP
ftr-442	441	27	its	its	PRON
ftr-442	441	28	fair	fair	ADJ
ftr-442	441	29	market	market	NOUN
ftr-442	441	30	value	value	NOUN
ftr-442	441	31	.	.	PUNCT
ftr-442	441	32	"	"	PUNCT
ftr-442	442	1	even	even	ADV
ftr-442	442	2	in	in	ADP
ftr-442	442	3	its	its	PRON
ftr-442	442	4	original	original	ADJ
ftr-442	442	5	formulation	formulation	NOUN
ftr-442	442	6	of	of	ADP
ftr-442	442	7	subchapter	subchapter	NOUN
ftr-442	442	8	k	k	PROPN
ftr-442	442	9	,	,	PUNCT
ftr-442	442	10	congress	congress	PROPN
ftr-442	442	11	acknowledged	acknowledge	VERB
ftr-442	442	12	that	that	SCONJ
ftr-442	442	13	the	the	DET
ftr-442	442	14	partnership	partnership	NOUN
ftr-442	442	15	rules	rule	VERB
ftr-442	442	16	on	on	ADP
ftr-442	442	17	distributions	distribution	NOUN
ftr-442	442	18	,	,	PUNCT
ftr-442	442	19	if	if	SCONJ
ftr-442	442	20	not	not	PART
ftr-442	442	21	limited	limited	ADJ
ftr-442	442	22	,	,	PUNCT
ftr-442	442	23	would	would	AUX
ftr-442	442	24	leave	leave	VERB
ftr-442	442	25	too	too	ADV
ftr-442	442	26	much	much	ADJ
ftr-442	442	27	opportunity	opportunity	NOUN
ftr-442	442	28	for	for	SCONJ
ftr-442	442	29	partners	partner	NOUN
ftr-442	442	30	to	to	PART
ftr-442	442	31	shift	shift	VERB
ftr-442	442	32	gains	gain	NOUN
ftr-442	442	33	and	and	CCONJ
ftr-442	442	34	losses	loss	NOUN
ftr-442	442	35	between	between	ADP
ftr-442	442	36	them	they	PRON
ftr-442	442	37	.	.	PUNCT
ftr-442	443	1	under	under	ADP
ftr-442	443	2	section	section	NOUN
ftr-442	443	3	751(b	751(b	PROPN
ftr-442	443	4	)	)	PUNCT
ftr-442	443	5	,	,	PUNCT
ftr-442	443	6	enacted	enact	VERB
ftr-442	443	7	in	in	ADP
ftr-442	443	8	1954	1954	NUM
ftr-442	443	9	,	,	PUNCT
ftr-442	443	10	a	a	DET
ftr-442	443	11	partnership	partnership	NOUN
ftr-442	443	12	distribution	distribution	NOUN
ftr-442	443	13	is	be	AUX
ftr-442	443	14	treated	treat	VERB
ftr-442	443	15	as	as	ADP
ftr-442	443	16	a	a	DET
ftr-442	443	17	constructive	constructive	ADJ
ftr-442	443	18	sale	sale	NOUN
ftr-442	443	19	of	of	ADP
ftr-442	443	20	property	property	NOUN
ftr-442	443	21	between	between	ADP
ftr-442	443	22	the	the	DET
ftr-442	443	23	distributee	distributee	NOUN
ftr-442	443	24	and	and	CCONJ
ftr-442	443	25	the	the	DET
ftr-442	443	26	partnership	partnership	NOUN
ftr-442	443	27	to	to	ADP
ftr-442	443	28	the	the	DET
ftr-442	443	29	extent	extent	NOUN
ftr-442	443	30	that	that	SCONJ
ftr-442	443	31	the	the	DET
ftr-442	443	32	distribution	distribution	NOUN
ftr-442	443	33	changes	change	VERB
ftr-442	443	34	the	the	DET
ftr-442	443	35	partner	partner	NOUN
ftr-442	443	36	's	's	PART
ftr-442	443	37	proportionate	proportionate	ADJ
ftr-442	443	38	interests	interest	NOUN
ftr-442	443	39	in	in	ADP
ftr-442	443	40	various	various	ADJ
ftr-442	443	41	types	type	NOUN
ftr-442	443	42	of	of	ADP
ftr-442	443	43	property	property	NOUN
ftr-442	443	44	that	that	PRON
ftr-442	443	45	would	would	AUX
ftr-442	443	46	generate	generate	VERB
ftr-442	443	47	ordinary	ordinary	ADJ
ftr-442	443	48	income	income	NOUN
ftr-442	443	49	on	on	ADP
ftr-442	443	50	sale	sale	NOUN
ftr-442	443	51	.	.	PUNCT
ftr-442	444	1	since	since	SCONJ
ftr-442	444	2	most	most	ADJ
ftr-442	444	3	property	property	NOUN
ftr-442	444	4	distributions	distribution	NOUN
ftr-442	444	5	shift	shift	VERB
ftr-442	444	6	gain	gain	NOUN
ftr-442	444	7	or	or	CCONJ
ftr-442	444	8	loss	loss	NOUN
ftr-442	444	9	inherent	inherent	ADJ
ftr-442	444	10	in	in	ADP
ftr-442	444	11	the	the	DET
ftr-442	444	12	distributed	distribute	VERB
ftr-442	444	13	property	property	NOUN
ftr-442	444	14	from	from	ADP
ftr-442	444	15	the	the	DET
ftr-442	444	16	partners	partner	NOUN
ftr-442	444	17	,	,	PUNCT
ftr-442	444	18	collectively	collectively	ADV
ftr-442	444	19	,	,	PUNCT
ftr-442	444	20	to	to	ADP
ftr-442	444	21	the	the	DET
ftr-442	444	22	distributee	distributee	NOUN
ftr-442	444	23	individually	individually	ADV
ftr-442	444	24	,	,	PUNCT
ftr-442	444	25	congress	congress	PROPN
ftr-442	444	26	essentially	essentially	ADV
ftr-442	444	27	decided	decide	VERB
ftr-442	444	28	that	that	SCONJ
ftr-442	444	29	this	this	DET
ftr-442	444	30	distortion	distortion	NOUN
ftr-442	444	31	was	be	AUX
ftr-442	444	32	acceptable	acceptable	ADJ
ftr-442	444	33	so	so	ADV
ftr-442	444	34	long	long	ADV
ftr-442	444	35	as	as	SCONJ
ftr-442	444	36	it	it	PRON
ftr-442	444	37	does	do	AUX
ftr-442	444	38	not	not	PART
ftr-442	444	39	relate	relate	VERB
ftr-442	444	40	to	to	ADP
ftr-442	444	41	the	the	DET
ftr-442	444	42	designated	designate	VERB
ftr-442	444	43	ordinary	ordinary	ADJ
ftr-442	444	44	income	income	NOUN
ftr-442	444	45	assets	asset	NOUN
ftr-442	444	46	.	.	PUNCT
ftr-442	445	1	on	on	ADP
ftr-442	445	2	several	several	ADJ
ftr-442	445	3	subsequent	subsequent	ADJ
ftr-442	445	4	occasions	occasion	NOUN
ftr-442	445	5	,	,	PUNCT
ftr-442	445	6	congress	congress	PROPN
ftr-442	445	7	has	have	AUX
ftr-442	445	8	identified	identify	VERB
ftr-442	445	9	other	other	ADJ
ftr-442	445	10	contexts	context	NOUN
ftr-442	445	11	in	in	ADP
ftr-442	445	12	which	which	PRON
ftr-442	445	13	shifting	shift	VERB
ftr-442	445	14	of	of	ADP
ftr-442	445	15	potential	potential	ADJ
ftr-442	445	16	income	income	NOUN
ftr-442	445	17	,	,	PUNCT
ftr-442	445	18	deduction	deduction	NOUN
ftr-442	445	19	,	,	PUNCT
ftr-442	445	20	gain	gain	NOUN
ftr-442	445	21	or	or	CCONJ
ftr-442	445	22	loss	loss	NOUN
ftr-442	445	23	by	by	ADP
ftr-442	445	24	distributions	distribution	NOUN
ftr-442	445	25	was	be	AUX
ftr-442	445	26	no	no	ADV
ftr-442	445	27	longer	long	ADV
ftr-442	445	28	tolerable	tolerable	ADJ
ftr-442	445	29	.	.	PUNCT
ftr-442	446	1	9	9	NUM
ftr-442	446	2	the	the	DET
ftr-442	446	3	resulting	result	VERB
ftr-442	446	4	patchwork	patchwork	NOUN
ftr-442	446	5	is	be	AUX
ftr-442	446	6	one	one	NUM
ftr-442	446	7	of	of	ADP
ftr-442	446	8	the	the	DET
ftr-442	446	9	principal	principal	ADJ
ftr-442	446	10	repositories	repository	NOUN
ftr-442	446	11	of	of	ADP
ftr-442	446	12	unworkable	unworkable	ADJ
ftr-442	446	13	complexity	complexity	NOUN
ftr-442	446	14	in	in	ADP
ftr-442	446	15	the	the	DET
ftr-442	446	16	present	present	ADJ
ftr-442	446	17	subchapter	subchapter	NOUN
ftr-442	446	18	k.	k.	PROPN
ftr-442	447	1	under	under	ADP
ftr-442	447	2	the	the	DET
ftr-442	447	3	proposed	propose	VERB
ftr-442	447	4	model	model	NOUN
ftr-442	447	5	,	,	PUNCT
ftr-442	447	6	an	an	DET
ftr-442	447	7	s	s	NOUN
ftr-442	447	8	entity	entity	NOUN
ftr-442	447	9	would	would	AUX
ftr-442	447	10	generally	generally	ADV
ftr-442	447	11	recognize	recognize	VERB
ftr-442	447	12	gain	gain	NOUN
ftr-442	447	13	or	or	CCONJ
ftr-442	447	14	loss	loss	NOUN
ftr-442	447	15	on	on	ADP
ftr-442	447	16	any	any	DET
ftr-442	447	17	distribution	distribution	NOUN
ftr-442	447	18	of	of	ADP
ftr-442	447	19	property	property	NOUN
ftr-442	447	20	to	to	ADP
ftr-442	447	21	an	an	DET
ftr-442	447	22	owner	owner	NOUN
ftr-442	447	23	,	,	PUNCT
ftr-442	447	24	computed	compute	VERB
ftr-442	447	25	and	and	CCONJ
ftr-442	447	26	characterized	characterize	VERB
ftr-442	447	27	as	as	SCONJ
ftr-442	447	28	though	though	SCONJ
ftr-442	447	29	the	the	DET
ftr-442	447	30	property	property	NOUN
ftr-442	447	31	were	be	AUX
ftr-442	447	32	sold	sell	VERB
ftr-442	447	33	to	to	ADP
ftr-442	447	34	the	the	DET
ftr-442	447	35	distributee	distributee	NOUN
ftr-442	447	36	at	at	ADP
ftr-442	447	37	fair	fair	ADJ
ftr-442	447	38	market	market	NOUN
ftr-442	447	39	value	value	NOUN
ftr-442	447	40	.	.	PUNCT
ftr-442	448	1	"0	"0	VERB
ftr-442	448	2	this	this	DET
ftr-442	448	3	rule	rule	NOUN
ftr-442	448	4	would	would	AUX
ftr-442	448	5	usually	usually	ADV
ftr-442	448	6	eliminate	eliminate	VERB
ftr-442	448	7	the	the	DET
ftr-442	448	8	possibility	possibility	NOUN
ftr-442	448	9	of	of	ADP
ftr-442	448	10	a	a	DET
ftr-442	448	11	distribution	distribution	NOUN
ftr-442	448	12	shifting	shift	VERB
ftr-442	448	13	potential	potential	ADJ
ftr-442	448	14	income	income	NOUN
ftr-442	448	15	,	,	PUNCT
ftr-442	448	16	gain	gain	NOUN
ftr-442	448	17	,	,	PUNCT
ftr-442	448	18	or	or	CCONJ
ftr-442	448	19	loss	loss	NOUN
ftr-442	448	20	to	to	ADP
ftr-442	448	21	other	other	ADJ
ftr-442	448	22	owners	owner	NOUN
ftr-442	448	23	.	.	PUNCT
ftr-442	449	1	however	however	ADV
ftr-442	449	2	,	,	PUNCT
ftr-442	449	3	it	it	PRON
ftr-442	449	4	would	would	AUX
ftr-442	449	5	sometimes	sometimes	ADV
ftr-442	449	6	allow	allow	VERB
ftr-442	449	7	an	an	DET
ftr-442	449	8	entity	entity	NOUN
ftr-442	449	9	's	's	PART
ftr-442	449	10	owners	owner	NOUN
ftr-442	449	11	to	to	PART
ftr-442	449	12	cause	cause	VERB
ftr-442	449	13	gain	gain	NOUN
ftr-442	449	14	or	or	CCONJ
ftr-442	449	15	loss	loss	NOUN
ftr-442	449	16	to	to	PART
ftr-442	449	17	be	be	AUX
ftr-442	449	18	recognized	recognize	VERB
ftr-442	449	19	without	without	ADP
ftr-442	449	20	substantially	substantially	ADV
ftr-442	449	21	changing	change	VERB
ftr-442	449	22	the	the	DET
ftr-442	449	23	beneficial	beneficial	ADJ
ftr-442	449	24	ownership	ownership	NOUN
ftr-442	449	25	of	of	ADP
ftr-442	449	26	the	the	DET
ftr-442	449	27	distributed	distribute	VERB
ftr-442	449	28	property	property	NOUN
ftr-442	449	29	.	.	PUNCT
ftr-442	450	1	arguably	arguably	ADV
ftr-442	450	2	,	,	PUNCT
ftr-442	450	3	loss	loss	NOUN
ftr-442	450	4	recognition	recognition	NOUN
ftr-442	450	5	should	should	AUX
ftr-442	450	6	therefore	therefore	ADV
ftr-442	450	7	be	be	AUX
ftr-442	450	8	restricted	restrict	VERB
ftr-442	450	9	.	.	PUNCT
ftr-442	450	10	]	]	PUNCT
ftr-442	451	1	5	5	NUM
ftr-442	451	2	48	48	NUM
ftr-442	451	3	.	.	PUNCT
ftr-442	452	1	see	see	VERB
ftr-442	452	2	irc	irc	PROPN
ftr-442	452	3	§	§	PROPN
ftr-442	452	4	§	§	PROPN
ftr-442	452	5	311(b	311(b	PROPN
ftr-442	452	6	)	)	PUNCT
ftr-442	452	7	,	,	PUNCT
ftr-442	452	8	336	336	NUM
ftr-442	452	9	.	.	PUNCT
ftr-442	452	10	49	49	NUM
ftr-442	452	11	.	.	PUNCT
ftr-442	453	1	see	see	VERB
ftr-442	453	2	irc	irc	PROPN
ftr-442	453	3	§	§	PROPN
ftr-442	453	4	704(c)(l)(b	704(c)(l)(b	NUM
ftr-442	453	5	)	)	PUNCT
ftr-442	453	6	(	(	PUNCT
ftr-442	453	7	partner	partner	NOUN
ftr-442	453	8	who	who	PRON
ftr-442	453	9	contributed	contribute	VERB
ftr-442	453	10	property	property	NOUN
ftr-442	453	11	to	to	PART
ftr-442	453	12	partnership	partnership	NOUN
ftr-442	453	13	recognizes	recognize	VERB
ftr-442	453	14	gain	gain	NOUN
ftr-442	453	15	or	or	CCONJ
ftr-442	453	16	loss	loss	NOUN
ftr-442	453	17	accrued	accrue	VERB
ftr-442	453	18	at	at	ADP
ftr-442	453	19	time	time	NOUN
ftr-442	453	20	of	of	ADP
ftr-442	453	21	contribution	contribution	NOUN
ftr-442	453	22	if	if	SCONJ
ftr-442	453	23	property	property	NOUN
ftr-442	453	24	is	be	AUX
ftr-442	453	25	distributed	distribute	VERB
ftr-442	453	26	to	to	ADP
ftr-442	453	27	another	another	DET
ftr-442	453	28	partner	partner	NOUN
ftr-442	453	29	within	within	ADP
ftr-442	453	30	seven	seven	NUM
ftr-442	453	31	years	year	NOUN
ftr-442	453	32	after	after	ADP
ftr-442	453	33	contribution	contribution	NOUN
ftr-442	453	34	)	)	PUNCT
ftr-442	453	35	,	,	PUNCT
ftr-442	453	36	enacted	enact	VERB
ftr-442	453	37	in	in	ADP
ftr-442	453	38	1989	1989	NUM
ftr-442	453	39	;	;	PUNCT
ftr-442	453	40	§	§	PROPN
ftr-442	453	41	707(a)(2)(b	707(a)(2)(b	PROPN
ftr-442	453	42	)	)	PUNCT
ftr-442	453	43	(	(	PUNCT
ftr-442	453	44	distribution	distribution	NOUN
ftr-442	453	45	,	,	PUNCT
ftr-442	453	46	coupled	couple	VERB
ftr-442	453	47	with	with	ADP
ftr-442	453	48	distributee	distributee	NOUN
ftr-442	453	49	's	's	PART
ftr-442	453	50	transfer	transfer	NOUN
ftr-442	453	51	of	of	ADP
ftr-442	453	52	property	property	NOUN
ftr-442	453	53	to	to	ADP
ftr-442	453	54	partnership	partnership	NOUN
ftr-442	453	55	,	,	PUNCT
ftr-442	453	56	treated	treat	VERB
ftr-442	453	57	as	as	ADP
ftr-442	453	58	sale	sale	NOUN
ftr-442	453	59	or	or	CCONJ
ftr-442	453	60	exchange	exchange	NOUN
ftr-442	453	61	if	if	SCONJ
ftr-442	453	62	that	that	PRON
ftr-442	453	63	is	be	AUX
ftr-442	453	64	substance	substance	NOUN
ftr-442	453	65	of	of	ADP
ftr-442	453	66	transactions	transaction	NOUN
ftr-442	453	67	)	)	PUNCT
ftr-442	453	68	,	,	PUNCT
ftr-442	453	69	enacted	enact	VERB
ftr-442	453	70	in	in	ADP
ftr-442	453	71	1984	1984	NUM
ftr-442	453	72	;	;	PUNCT
ftr-442	453	73	§	§	PROPN
ftr-442	453	74	731(c	731(c	PROPN
ftr-442	453	75	)	)	PUNCT
ftr-442	453	76	(	(	PUNCT
ftr-442	453	77	marketable	marketable	ADJ
ftr-442	453	78	securities	security	NOUN
ftr-442	453	79	treated	treat	VERB
ftr-442	453	80	as	as	ADP
ftr-442	453	81	money	money	NOUN
ftr-442	453	82	for	for	ADP
ftr-442	453	83	purposes	purpose	NOUN
ftr-442	453	84	of	of	ADP
ftr-442	453	85	rule	rule	NOUN
ftr-442	453	86	requiring	require	VERB
ftr-442	453	87	distributee	distributee	NOUN
ftr-442	453	88	partner	partner	NOUN
ftr-442	453	89	to	to	PART
ftr-442	453	90	recognize	recognize	VERB
ftr-442	453	91	gain	gain	NOUN
ftr-442	453	92	to	to	PART
ftr-442	453	93	extent	extent	NOUN
ftr-442	453	94	money	money	NOUN
ftr-442	453	95	received	receive	VERB
ftr-442	453	96	exceeds	exceed	NOUN
ftr-442	453	97	basis	basis	NOUN
ftr-442	453	98	of	of	ADP
ftr-442	453	99	partnership	partnership	NOUN
ftr-442	453	100	interest	interest	NOUN
ftr-442	453	101	)	)	PUNCT
ftr-442	453	102	,	,	PUNCT
ftr-442	453	103	enacted	enact	VERB
ftr-442	453	104	in	in	ADP
ftr-442	453	105	1993	1993	NUM
ftr-442	453	106	;	;	PUNCT
ftr-442	453	107	§	§	PROPN
ftr-442	453	108	737	737	NUM
ftr-442	453	109	(	(	PUNCT
ftr-442	453	110	distributee	distributee	NOUN
ftr-442	453	111	taxed	tax	VERB
ftr-442	453	112	on	on	ADP
ftr-442	453	113	gain	gain	NOUN
ftr-442	453	114	inherent	inherent	ADJ
ftr-442	453	115	in	in	ADP
ftr-442	453	116	property	property	NOUN
ftr-442	453	117	contributed	contribute	VERB
ftr-442	453	118	by	by	ADP
ftr-442	453	119	distributee	distributee	NOUN
ftr-442	453	120	during	during	ADP
ftr-442	453	121	preceding	precede	VERB
ftr-442	453	122	seven	seven	NUM
ftr-442	453	123	years	year	NOUN
ftr-442	453	124	unless	unless	SCONJ
ftr-442	453	125	distribution	distribution	NOUN
ftr-442	453	126	is	be	AUX
ftr-442	453	127	of	of	ADP
ftr-442	453	128	contributed	contribute	VERB
ftr-442	453	129	property	property	NOUN
ftr-442	453	130	)	)	PUNCT
ftr-442	453	131	,	,	PUNCT
ftr-442	453	132	enacted	enact	VERB
ftr-442	453	133	in	in	ADP
ftr-442	453	134	1993	1993	NUM
ftr-442	453	135	.	.	PUNCT
ftr-442	454	1	50	50	NUM
ftr-442	454	2	.	.	PUNCT
ftr-442	455	1	professor	professor	NOUN
ftr-442	455	2	kwall	kwall	PROPN
ftr-442	455	3	would	would	AUX
ftr-442	455	4	provide	provide	VERB
ftr-442	455	5	nonrecognition	nonrecognition	NOUN
ftr-442	455	6	on	on	ADP
ftr-442	455	7	a	a	DET
ftr-442	455	8	distribution	distribution	NOUN
ftr-442	455	9	in	in	ADP
ftr-442	455	10	liquidation	liquidation	NOUN
ftr-442	455	11	of	of	ADP
ftr-442	455	12	the	the	DET
ftr-442	455	13	entity	entity	NOUN
ftr-442	455	14	if	if	SCONJ
ftr-442	455	15	the	the	DET
ftr-442	455	16	owners	owner	NOUN
ftr-442	455	17	continued	continue	VERB
ftr-442	455	18	the	the	DET
ftr-442	455	19	business	business	NOUN
ftr-442	455	20	in	in	ADP
ftr-442	455	21	another	another	DET
ftr-442	455	22	form	form	NOUN
ftr-442	455	23	.	.	PUNCT
ftr-442	456	1	see	see	VERB
ftr-442	456	2	kwall	kwall	PROPN
ftr-442	456	3	,	,	PUNCT
ftr-442	456	4	supra	supra	PROPN
ftr-442	456	5	note	note	NOUN
ftr-442	456	6	5	5	NUM
ftr-442	456	7	,	,	PUNCT
ftr-442	456	8	at	at	ADP
ftr-442	456	9	260	260	NUM
ftr-442	456	10	.	.	PUNCT
ftr-442	457	1	this	this	DET
ftr-442	457	2	exception	exception	NOUN
ftr-442	457	3	is	be	AUX
ftr-442	457	4	not	not	PART
ftr-442	457	5	included	include	VERB
ftr-442	457	6	in	in	ADP
ftr-442	457	7	the	the	DET
ftr-442	457	8	model	model	NOUN
ftr-442	457	9	proposed	propose	VERB
ftr-442	457	10	here	here	ADV
ftr-442	457	11	because	because	SCONJ
ftr-442	457	12	,	,	PUNCT
ftr-442	457	13	as	as	SCONJ
ftr-442	457	14	discussed	discuss	VERB
ftr-442	457	15	below	below	ADV
ftr-442	457	16	,	,	PUNCT
ftr-442	457	17	a	a	DET
ftr-442	457	18	change	change	NOUN
ftr-442	457	19	in	in	ADP
ftr-442	457	20	form	form	NOUN
ftr-442	457	21	of	of	ADP
ftr-442	457	22	organization	organization	NOUN
ftr-442	457	23	is	be	AUX
ftr-442	457	24	not	not	PART
ftr-442	457	25	treated	treat	VERB
ftr-442	457	26	as	as	ADP
ftr-442	457	27	a	a	DET
ftr-442	457	28	distribution	distribution	NOUN
ftr-442	457	29	unless	unless	SCONJ
ftr-442	457	30	the	the	DET
ftr-442	457	31	new	new	ADJ
ftr-442	457	32	organizational	organizational	ADJ
ftr-442	457	33	form	form	NOUN
ftr-442	457	34	is	be	AUX
ftr-442	457	35	not	not	PART
ftr-442	457	36	an	an	DET
ftr-442	457	37	s	s	NOUN
ftr-442	457	38	entity	entity	NOUN
ftr-442	457	39	.	.	PUNCT
ftr-442	458	1	51	51	NUM
ftr-442	458	2	.	.	PUNCT
ftr-442	458	3	compare	compare	VERB
ftr-442	458	4	irc	irc	PROPN
ftr-442	458	5	§	§	PROPN
ftr-442	458	6	§	§	PROPN
ftr-442	458	7	267(a)(1	267(a)(1	NUM
ftr-442	458	8	)	)	PUNCT
ftr-442	458	9	,	,	PUNCT
ftr-442	458	10	707(b)(1	707(b)(1	NOUN
ftr-442	458	11	)	)	PUNCT
ftr-442	458	12	.	.	PUNCT
ftr-442	459	1	1999	1999	NUM
ftr-442	459	2	]	]	PUNCT
ftr-442	459	3	florida	florida	PROPN
ftr-442	459	4	tax	tax	PROPN
ftr-442	459	5	review	review	NOUN
ftr-442	459	6	5	5	NUM
ftr-442	459	7	.	.	PUNCT
ftr-442	459	8	allocations	allocation	NOUN
ftr-442	459	9	of	of	ADP
ftr-442	459	10	income	income	NOUN
ftr-442	459	11	,	,	PUNCT
ftr-442	459	12	loss	loss	NOUN
ftr-442	459	13	,	,	PUNCT
ftr-442	459	14	and	and	CCONJ
ftr-442	459	15	credit.-since	credit.-since	VERB
ftr-442	459	16	the	the	DET
ftr-442	459	17	proposed	propose	VERB
ftr-442	459	18	model	model	NOUN
ftr-442	459	19	would	would	AUX
ftr-442	459	20	restrict	restrict	VERB
ftr-442	459	21	an	an	DET
ftr-442	459	22	s	s	NOUN
ftr-442	459	23	entity	entity	NOUN
ftr-442	459	24	to	to	ADP
ftr-442	459	25	having	have	VERB
ftr-442	459	26	only	only	ADV
ftr-442	459	27	one	one	NUM
ftr-442	459	28	class	class	NOUN
ftr-442	459	29	of	of	ADP
ftr-442	459	30	equity	equity	NOUN
ftr-442	459	31	interests	interest	NOUN
ftr-442	459	32	,	,	PUNCT
ftr-442	459	33	the	the	DET
ftr-442	459	34	allocation	allocation	NOUN
ftr-442	459	35	of	of	ADP
ftr-442	459	36	the	the	DET
ftr-442	459	37	entity	entity	NOUN
ftr-442	459	38	's	's	PART
ftr-442	459	39	gross	gross	ADJ
ftr-442	459	40	income	income	NOUN
ftr-442	459	41	,	,	PUNCT
ftr-442	459	42	deductions	deduction	NOUN
ftr-442	459	43	,	,	PUNCT
ftr-442	459	44	and	and	CCONJ
ftr-442	459	45	credits	credit	NOUN
ftr-442	459	46	among	among	ADP
ftr-442	459	47	the	the	DET
ftr-442	459	48	owners	owner	NOUN
ftr-442	459	49	should	should	AUX
ftr-442	459	50	usually	usually	ADV
ftr-442	459	51	be	be	AUX
ftr-442	459	52	relatively	relatively	ADV
ftr-442	459	53	simple	simple	ADJ
ftr-442	459	54	.	.	PUNCT
ftr-442	460	1	each	each	DET
ftr-442	460	2	owner	owner	NOUN
ftr-442	460	3	would	would	AUX
ftr-442	460	4	be	be	AUX
ftr-442	460	5	allocated	allocate	VERB
ftr-442	460	6	a	a	DET
ftr-442	460	7	constant	constant	ADJ
ftr-442	460	8	percentage	percentage	NOUN
ftr-442	460	9	of	of	ADP
ftr-442	460	10	each	each	DET
ftr-442	460	11	such	such	ADJ
ftr-442	460	12	item	item	NOUN
ftr-442	460	13	.	.	PUNCT
ftr-442	461	1	this	this	DET
ftr-442	461	2	simple	simple	ADJ
ftr-442	461	3	allocation	allocation	NOUN
ftr-442	461	4	scheme	scheme	NOUN
ftr-442	461	5	,	,	PUNCT
ftr-442	461	6	like	like	ADP
ftr-442	461	7	that	that	PRON
ftr-442	461	8	of	of	ADP
ftr-442	461	9	the	the	DET
ftr-442	461	10	present	present	ADJ
ftr-442	461	11	subchapter	subchapter	NOUN
ftr-442	461	12	s	s	PART
ftr-442	461	13	,	,	PUNCT
ftr-442	461	14	makes	make	VERB
ftr-442	461	15	no	no	DET
ftr-442	461	16	provision	provision	NOUN
ftr-442	461	17	for	for	ADP
ftr-442	461	18	a	a	DET
ftr-442	461	19	significant	significant	ADJ
ftr-442	461	20	group	group	NOUN
ftr-442	461	21	of	of	ADP
ftr-442	461	22	problems	problem	NOUN
ftr-442	461	23	alluded	allude	VERB
ftr-442	461	24	to	to	ADP
ftr-442	461	25	earlier	early	ADV
ftr-442	461	26	.	.	PUNCT
ftr-442	462	1	when	when	SCONJ
ftr-442	462	2	an	an	DET
ftr-442	462	3	s	s	NOUN
ftr-442	462	4	entity	entity	NOUN
ftr-442	462	5	receives	receive	VERB
ftr-442	462	6	appreciated	appreciated	ADJ
ftr-442	462	7	or	or	CCONJ
ftr-442	462	8	depreciated	depreciate	VERB
ftr-442	462	9	property	property	NOUN
ftr-442	462	10	as	as	ADP
ftr-442	462	11	a	a	DET
ftr-442	462	12	capital	capital	NOUN
ftr-442	462	13	contribution	contribution	NOUN
ftr-442	462	14	from	from	ADP
ftr-442	462	15	one	one	NUM
ftr-442	462	16	of	of	ADP
ftr-442	462	17	its	its	PRON
ftr-442	462	18	owners	owner	NOUN
ftr-442	462	19	,	,	PUNCT
ftr-442	462	20	the	the	DET
ftr-442	462	21	gain	gain	NOUN
ftr-442	462	22	or	or	CCONJ
ftr-442	462	23	loss	loss	NOUN
ftr-442	462	24	accrued	accrue	VERB
ftr-442	462	25	in	in	ADP
ftr-442	462	26	the	the	DET
ftr-442	462	27	property	property	NOUN
ftr-442	462	28	at	at	ADP
ftr-442	462	29	the	the	DET
ftr-442	462	30	time	time	NOUN
ftr-442	462	31	of	of	ADP
ftr-442	462	32	contribution	contribution	NOUN
ftr-442	462	33	is	be	AUX
ftr-442	462	34	,	,	PUNCT
ftr-442	462	35	when	when	SCONJ
ftr-442	462	36	realized	realize	VERB
ftr-442	462	37	by	by	ADP
ftr-442	462	38	the	the	DET
ftr-442	462	39	entity	entity	NOUN
ftr-442	462	40	,	,	PUNCT
ftr-442	462	41	allocated	allocate	VERB
ftr-442	462	42	ratably	ratably	ADV
ftr-442	462	43	to	to	ADP
ftr-442	462	44	all	all	PRON
ftr-442	462	45	of	of	ADP
ftr-442	462	46	the	the	DET
ftr-442	462	47	owners	owner	NOUN
ftr-442	462	48	.	.	PUNCT
ftr-442	463	1	similarly	similarly	ADV
ftr-442	463	2	,	,	PUNCT
ftr-442	463	3	when	when	SCONJ
ftr-442	463	4	an	an	DET
ftr-442	463	5	s	s	NOUN
ftr-442	463	6	entity	entity	NOUN
ftr-442	463	7	owning	owning	NOUN
ftr-442	463	8	appreciated	appreciated	ADJ
ftr-442	463	9	or	or	CCONJ
ftr-442	463	10	depreciated	depreciate	VERB
ftr-442	463	11	property	property	NOUN
ftr-442	463	12	issues	issue	NOUN
ftr-442	463	13	an	an	DET
ftr-442	463	14	additional	additional	ADJ
ftr-442	463	15	equity	equity	NOUN
ftr-442	463	16	interest	interest	NOUN
ftr-442	463	17	,	,	PUNCT
ftr-442	463	18	gain	gain	NOUN
ftr-442	463	19	or	or	CCONJ
ftr-442	463	20	loss	loss	NOUN
ftr-442	463	21	accrued	accrue	VERB
ftr-442	463	22	before	before	ADP
ftr-442	463	23	the	the	DET
ftr-442	463	24	issuance	issuance	NOUN
ftr-442	463	25	of	of	ADP
ftr-442	463	26	this	this	DET
ftr-442	463	27	interest	interest	NOUN
ftr-442	463	28	is	be	AUX
ftr-442	463	29	,	,	PUNCT
ftr-442	463	30	when	when	SCONJ
ftr-442	463	31	subsequently	subsequently	ADV
ftr-442	463	32	realized	realize	VERB
ftr-442	463	33	by	by	ADP
ftr-442	463	34	the	the	DET
ftr-442	463	35	entity	entity	NOUN
ftr-442	463	36	,	,	PUNCT
ftr-442	463	37	allocated	allocate	VERB
ftr-442	463	38	in	in	ADP
ftr-442	463	39	proportionate	proportionate	ADJ
ftr-442	463	40	part	part	NOUN
ftr-442	463	41	to	to	ADP
ftr-442	463	42	the	the	DET
ftr-442	463	43	holder	holder	NOUN
ftr-442	463	44	of	of	ADP
ftr-442	463	45	the	the	DET
ftr-442	463	46	new	new	ADJ
ftr-442	463	47	interest	interest	NOUN
ftr-442	463	48	.	.	PUNCT
ftr-442	464	1	conversely	conversely	ADV
ftr-442	464	2	,	,	PUNCT
ftr-442	464	3	if	if	SCONJ
ftr-442	464	4	an	an	DET
ftr-442	464	5	s	s	NOUN
ftr-442	464	6	entity	entity	NOUN
ftr-442	464	7	redeems	redeem	VERB
ftr-442	464	8	an	an	DET
ftr-442	464	9	equity	equity	NOUN
ftr-442	464	10	interest	interest	NOUN
ftr-442	464	11	,	,	PUNCT
ftr-442	464	12	the	the	DET
ftr-442	464	13	redeemed	redeem	VERB
ftr-442	464	14	owner	owner	NOUN
ftr-442	464	15	's	's	PART
ftr-442	464	16	share	share	NOUN
ftr-442	464	17	of	of	ADP
ftr-442	464	18	appreciation	appreciation	NOUN
ftr-442	464	19	or	or	CCONJ
ftr-442	464	20	depreciation	depreciation	NOUN
ftr-442	464	21	in	in	ADP
ftr-442	464	22	property	property	NOUN
ftr-442	464	23	of	of	ADP
ftr-442	464	24	the	the	DET
ftr-442	464	25	entity	entity	NOUN
ftr-442	464	26	not	not	PART
ftr-442	464	27	distributed	distribute	VERB
ftr-442	464	28	in	in	ADP
ftr-442	464	29	the	the	DET
ftr-442	464	30	redemption	redemption	NOUN
ftr-442	464	31	is	be	AUX
ftr-442	464	32	allocated	allocate	VERB
ftr-442	464	33	to	to	ADP
ftr-442	464	34	the	the	DET
ftr-442	464	35	remaining	remain	VERB
ftr-442	464	36	owners	owner	NOUN
ftr-442	464	37	when	when	SCONJ
ftr-442	464	38	the	the	DET
ftr-442	464	39	entity	entity	NOUN
ftr-442	464	40	ultimately	ultimately	ADV
ftr-442	464	41	recognizes	recognize	VERB
ftr-442	464	42	it	it	PRON
ftr-442	464	43	.	.	PUNCT
ftr-442	465	1	property	property	NOUN
ftr-442	465	2	contributions	contribution	NOUN
ftr-442	465	3	and	and	CCONJ
ftr-442	465	4	issuances	issuance	NOUN
ftr-442	465	5	and	and	CCONJ
ftr-442	465	6	redemptions	redemption	NOUN
ftr-442	465	7	of	of	ADP
ftr-442	465	8	equity	equity	NOUN
ftr-442	465	9	interests	interest	NOUN
ftr-442	465	10	are	be	AUX
ftr-442	465	11	therefore	therefore	ADV
ftr-442	465	12	vehicles	vehicle	NOUN
ftr-442	465	13	by	by	ADP
ftr-442	465	14	which	which	DET
ftr-442	465	15	gain	gain	NOUN
ftr-442	465	16	or	or	CCONJ
ftr-442	465	17	loss	loss	NOUN
ftr-442	465	18	accrued	accrue	VERB
ftr-442	465	19	to	to	ADP
ftr-442	465	20	one	one	NUM
ftr-442	465	21	person	person	NOUN
ftr-442	465	22	or	or	CCONJ
ftr-442	465	23	group	group	NOUN
ftr-442	465	24	of	of	ADP
ftr-442	465	25	persons	person	NOUN
ftr-442	465	26	may	may	AUX
ftr-442	465	27	be	be	AUX
ftr-442	465	28	shifted	shift	VERB
ftr-442	465	29	to	to	ADP
ftr-442	465	30	another	another	DET
ftr-442	465	31	person	person	NOUN
ftr-442	465	32	or	or	CCONJ
ftr-442	465	33	group	group	NOUN
ftr-442	465	34	of	of	ADP
ftr-442	465	35	persons	person	NOUN
ftr-442	465	36	.	.	PUNCT
ftr-442	466	1	the	the	DET
ftr-442	466	2	partnership	partnership	NOUN
ftr-442	466	3	rules	rule	VERB
ftr-442	466	4	presently	presently	ADV
ftr-442	466	5	require	require	VERB
ftr-442	466	6	that	that	SCONJ
ftr-442	466	7	gain	gain	NOUN
ftr-442	466	8	or	or	CCONJ
ftr-442	466	9	loss	loss	NOUN
ftr-442	466	10	inherent	inherent	ADJ
ftr-442	466	11	in	in	ADP
ftr-442	466	12	contributed	contribute	VERB
ftr-442	466	13	property	property	NOUN
ftr-442	466	14	at	at	ADP
ftr-442	466	15	the	the	DET
ftr-442	466	16	time	time	NOUN
ftr-442	466	17	of	of	ADP
ftr-442	466	18	contribution	contribution	NOUN
ftr-442	466	19	be	be	AUX
ftr-442	466	20	allocated	allocate	VERB
ftr-442	466	21	to	to	ADP
ftr-442	466	22	the	the	DET
ftr-442	466	23	contributing	contribute	VERB
ftr-442	466	24	partner	partner	NOUN
ftr-442	466	25	when	when	SCONJ
ftr-442	466	26	it	it	PRON
ftr-442	466	27	is	be	AUX
ftr-442	466	28	realized	realize	VERB
ftr-442	466	29	by	by	ADP
ftr-442	466	30	the	the	DET
ftr-442	466	31	partnership.52	partnership.52	NOUN
ftr-442	466	32	when	when	SCONJ
ftr-442	466	33	a	a	DET
ftr-442	466	34	partnership	partnership	NOUN
ftr-442	466	35	issues	issue	VERB
ftr-442	466	36	new	new	ADJ
ftr-442	466	37	partnership	partnership	NOUN
ftr-442	466	38	interests	interest	NOUN
ftr-442	466	39	,	,	PUNCT
ftr-442	466	40	it	it	PRON
ftr-442	466	41	may	may	AUX
ftr-442	466	42	,	,	PUNCT
ftr-442	466	43	but	but	CCONJ
ftr-442	466	44	need	need	VERB
ftr-442	466	45	not	not	PART
ftr-442	466	46	,	,	PUNCT
ftr-442	466	47	revalue	revalue	NOUN
ftr-442	466	48	partnership	partnership	NOUN
ftr-442	466	49	assets	asset	NOUN
ftr-442	466	50	and	and	CCONJ
ftr-442	466	51	restate	restate	VERB
ftr-442	466	52	the	the	DET
ftr-442	466	53	partnership	partnership	NOUN
ftr-442	466	54	books	book	NOUN
ftr-442	466	55	to	to	PART
ftr-442	466	56	ensure	ensure	VERB
ftr-442	466	57	that	that	SCONJ
ftr-442	466	58	accrued	accrue	VERB
ftr-442	466	59	gains	gain	NOUN
ftr-442	466	60	and	and	CCONJ
ftr-442	466	61	losses	loss	NOUN
ftr-442	466	62	will	will	AUX
ftr-442	466	63	,	,	PUNCT
ftr-442	466	64	on	on	ADP
ftr-442	466	65	realization	realization	NOUN
ftr-442	466	66	,	,	PUNCT
ftr-442	466	67	be	be	AUX
ftr-442	466	68	allocated	allocate	VERB
ftr-442	466	69	to	to	ADP
ftr-442	466	70	the	the	DET
ftr-442	466	71	partners	partner	NOUN
ftr-442	466	72	in	in	ADP
ftr-442	466	73	proportion	proportion	NOUN
ftr-442	466	74	to	to	ADP
ftr-442	466	75	their	their	PRON
ftr-442	466	76	interests	interest	NOUN
ftr-442	466	77	when	when	SCONJ
ftr-442	466	78	the	the	DET
ftr-442	466	79	gain	gain	NOUN
ftr-442	466	80	or	or	CCONJ
ftr-442	466	81	loss	loss	NOUN
ftr-442	466	82	accrued.53	accrued.53	NOUN
ftr-442	466	83	the	the	DET
ftr-442	466	84	rules	rule	NOUN
ftr-442	466	85	provide	provide	VERB
ftr-442	466	86	no	no	DET
ftr-442	466	87	procedure	procedure	NOUN
ftr-442	466	88	by	by	ADP
ftr-442	466	89	which	which	PRON
ftr-442	466	90	a	a	DET
ftr-442	466	91	departing	depart	VERB
ftr-442	466	92	partner	partner	NOUN
ftr-442	466	93	may	may	AUX
ftr-442	466	94	be	be	AUX
ftr-442	466	95	taxed	tax	VERB
ftr-442	466	96	on	on	ADP
ftr-442	466	97	the	the	DET
ftr-442	466	98	partner	partner	NOUN
ftr-442	466	99	's	's	PART
ftr-442	466	100	share	share	NOUN
ftr-442	466	101	of	of	ADP
ftr-442	466	102	accrued	accrue	VERB
ftr-442	466	103	gains	gain	NOUN
ftr-442	466	104	and	and	CCONJ
ftr-442	466	105	losses	loss	NOUN
ftr-442	466	106	on	on	ADP
ftr-442	466	107	undistributed	undistributed	ADJ
ftr-442	466	108	property	property	NOUN
ftr-442	466	109	.	.	PUNCT
ftr-442	467	1	as	as	SCONJ
ftr-442	467	2	professor	professor	PROPN
ftr-442	467	3	kwall	kwall	PROPN
ftr-442	467	4	notes	note	VERB
ftr-442	467	5	,	,	PUNCT
ftr-442	467	6	the	the	DET
ftr-442	467	7	shifting	shift	VERB
ftr-442	467	8	potential	potential	NOUN
ftr-442	467	9	of	of	ADP
ftr-442	467	10	the	the	DET
ftr-442	467	11	s	s	NOUN
ftr-442	467	12	rules	rule	NOUN
ftr-442	467	13	has	have	AUX
ftr-442	467	14	not	not	PART
ftr-442	467	15	been	be	AUX
ftr-442	467	16	considered	consider	VERB
ftr-442	467	17	problematic	problematic	ADJ
ftr-442	467	18	.	.	PUNCT
ftr-442	467	19	'	'	PUNCT
ftr-442	468	1	however	however	ADV
ftr-442	468	2	,	,	PUNCT
ftr-442	468	3	the	the	DET
ftr-442	468	4	proposed	propose	VERB
ftr-442	468	5	model	model	NOUN
ftr-442	468	6	would	would	AUX
ftr-442	468	7	expand	expand	VERB
ftr-442	468	8	the	the	DET
ftr-442	468	9	categories	category	NOUN
ftr-442	468	10	of	of	ADP
ftr-442	468	11	entities	entity	NOUN
ftr-442	468	12	eligible	eligible	ADJ
ftr-442	468	13	to	to	PART
ftr-442	468	14	utilize	utilize	VERB
ftr-442	468	15	subchapter	subchapter	NOUN
ftr-442	468	16	s	s	PART
ftr-442	468	17	(	(	PUNCT
ftr-442	468	18	e.g.	e.g.	ADV
ftr-442	468	19	,	,	PUNCT
ftr-442	468	20	to	to	PART
ftr-442	468	21	include	include	VERB
ftr-442	468	22	entities	entity	NOUN
ftr-442	468	23	with	with	ADP
ftr-442	468	24	corporate	corporate	ADJ
ftr-442	468	25	owners	owner	NOUN
ftr-442	468	26	)	)	PUNCT
ftr-442	468	27	,	,	PUNCT
ftr-442	468	28	and	and	CCONJ
ftr-442	468	29	subchapter	subchapter	NOUN
ftr-442	468	30	s	s	VERB
ftr-442	468	31	would	would	AUX
ftr-442	468	32	be	be	AUX
ftr-442	468	33	attractive	attractive	ADJ
ftr-442	468	34	to	to	ADP
ftr-442	468	35	much	much	ADV
ftr-442	468	36	broader	broad	ADJ
ftr-442	468	37	classes	class	NOUN
ftr-442	468	38	of	of	ADP
ftr-442	468	39	investors	investor	NOUN
ftr-442	468	40	(	(	PUNCT
ftr-442	468	41	e.g.	e.g.	ADV
ftr-442	468	42	,	,	PUNCT
ftr-442	468	43	because	because	SCONJ
ftr-442	468	44	of	of	ADP
ftr-442	468	45	the	the	DET
ftr-442	468	46	rules	rule	NOUN
ftr-442	468	47	on	on	ADP
ftr-442	468	48	liabilities	liability	NOUN
ftr-442	468	49	discussed	discuss	VERB
ftr-442	468	50	below	below	ADP
ftr-442	468	51	)	)	PUNCT
ftr-442	468	52	.	.	PUNCT
ftr-442	469	1	although	although	SCONJ
ftr-442	469	2	the	the	DET
ftr-442	469	3	proposed	propose	VERB
ftr-442	469	4	one	one	NUM
ftr-442	469	5	-	-	PUNCT
ftr-442	469	6	class	class	NOUN
ftr-442	469	7	-	-	PUNCT
ftr-442	469	8	of	of	ADP
ftr-442	469	9	-	-	PUNCT
ftr-442	469	10	entity	entity	NOUN
ftr-442	469	11	-	-	PUNCT
ftr-442	469	12	interests	interest	NOUN
ftr-442	469	13	requirement	requirement	NOUN
ftr-442	469	14	might	might	AUX
ftr-442	469	15	lessen	lessen	VERB
ftr-442	469	16	the	the	DET
ftr-442	469	17	problem	problem	NOUN
ftr-442	469	18	of	of	ADP
ftr-442	469	19	gain	gain	NOUN
ftr-442	469	20	and	and	CCONJ
ftr-442	469	21	loss	loss	NOUN
ftr-442	469	22	shifts	shift	NOUN
ftr-442	469	23	,	,	PUNCT
ftr-442	469	24	this	this	DET
ftr-442	469	25	problem	problem	NOUN
ftr-442	469	26	might	might	AUX
ftr-442	469	27	not	not	PART
ftr-442	469	28	be	be	AUX
ftr-442	469	29	greatly	greatly	ADV
ftr-442	469	30	different	different	ADJ
ftr-442	469	31	under	under	ADP
ftr-442	469	32	the	the	DET
ftr-442	469	33	proposed	propose	VERB
ftr-442	469	34	subchapter	subchapter	NOUN
ftr-442	469	35	s	s	VERB
ftr-442	469	36	than	than	SCONJ
ftr-442	469	37	it	it	PRON
ftr-442	469	38	was	be	AUX
ftr-442	469	39	under	under	ADP
ftr-442	469	40	subchapter	subchapter	NOUN
ftr-442	469	41	k	k	PROPN
ftr-442	469	42	52	52	NUM
ftr-442	469	43	.	.	PUNCT
ftr-442	470	1	see	see	VERB
ftr-442	470	2	irc	irc	PROPN
ftr-442	470	3	§	§	PROPN
ftr-442	470	4	704(c	704(c	PROPN
ftr-442	470	5	)	)	PUNCT
ftr-442	470	6	.	.	PUNCT
ftr-442	471	1	53	53	NUM
ftr-442	471	2	.	.	PUNCT
ftr-442	472	1	see	see	VERB
ftr-442	472	2	regs	reg	NOUN
ftr-442	472	3	.	.	PUNCT
ftr-442	473	1	§	§	PROPN
ftr-442	473	2	1.704	1.704	NUM
ftr-442	473	3	-	-	SYM
ftr-442	473	4	1(b)(2)(iv)(f	1(b)(2)(iv)(f	NUM
ftr-442	473	5	)	)	PUNCT
ftr-442	473	6	,	,	PUNCT
ftr-442	473	7	(	(	PUNCT
ftr-442	473	8	g	g	NOUN
ftr-442	473	9	)	)	PUNCT
ftr-442	473	10	.	.	PUNCT
ftr-442	474	1	54	54	NUM
ftr-442	474	2	.	.	PUNCT
ftr-442	475	1	see	see	VERB
ftr-442	475	2	kwall	kwall	PROPN
ftr-442	475	3	,	,	PUNCT
ftr-442	475	4	supra	supra	PROPN
ftr-442	475	5	note	note	NOUN
ftr-442	475	6	5	5	NUM
ftr-442	475	7	,	,	PUNCT
ftr-442	475	8	at	at	ADP
ftr-442	475	9	258	258	NUM
ftr-442	475	10	.	.	PUNCT
ftr-442	476	1	[	[	X
ftr-442	476	2	vol	vol	NOUN
ftr-442	476	3	4:3	4:3	NUM
ftr-442	476	4	taxation	taxation	NOUN
ftr-442	476	5	of	of	ADP
ftr-442	476	6	private	private	ADJ
ftr-442	476	7	business	business	NOUN
ftr-442	476	8	firms	firm	NOUN
ftr-442	476	9	immediately	immediately	ADV
ftr-442	476	10	before	before	ADP
ftr-442	476	11	congress	congress	PROPN
ftr-442	476	12	,	,	PUNCT
ftr-442	476	13	in	in	ADP
ftr-442	476	14	1984	1984	NUM
ftr-442	476	15	,	,	PUNCT
ftr-442	476	16	adopted	adopt	VERB
ftr-442	476	17	the	the	DET
ftr-442	476	18	present	present	ADJ
ftr-442	476	19	partnership	partnership	NOUN
ftr-442	476	20	rules	rule	NOUN
ftr-442	476	21	on	on	ADP
ftr-442	476	22	contributed	contribute	VERB
ftr-442	476	23	property	property	NOUN
ftr-442	476	24	.	.	PUNCT
ftr-442	476	25	"	"	PUNCT
ftr-442	477	1	the	the	DET
ftr-442	477	2	model	model	NOUN
ftr-442	477	3	proposed	propose	VERB
ftr-442	477	4	here	here	ADV
ftr-442	477	5	nevertheless	nevertheless	ADV
ftr-442	477	6	follows	follow	VERB
ftr-442	477	7	the	the	DET
ftr-442	477	8	present	present	ADJ
ftr-442	477	9	subchapter	subchapter	NOUN
ftr-442	477	10	s	s	VERB
ftr-442	477	11	on	on	ADP
ftr-442	477	12	this	this	DET
ftr-442	477	13	point	point	NOUN
ftr-442	477	14	.	.	PUNCT
ftr-442	478	1	the	the	DET
ftr-442	478	2	partnership	partnership	NOUN
ftr-442	478	3	rules	rule	VERB
ftr-442	478	4	on	on	ADP
ftr-442	478	5	contributed	contributed	ADJ
ftr-442	478	6	property	property	NOUN
ftr-442	478	7	are	be	AUX
ftr-442	478	8	complex	complex	ADJ
ftr-442	478	9	and	and	CCONJ
ftr-442	478	10	not	not	PART
ftr-442	478	11	wholly	wholly	ADV
ftr-442	478	12	effective.56	effective.56	NOUN
ftr-442	478	13	they	they	PRON
ftr-442	478	14	are	be	AUX
ftr-442	478	15	also	also	ADV
ftr-442	478	16	arbitrary	arbitrary	ADJ
ftr-442	478	17	in	in	SCONJ
ftr-442	478	18	that	that	SCONJ
ftr-442	478	19	they	they	PRON
ftr-442	478	20	closely	closely	ADV
ftr-442	478	21	regulate	regulate	VERB
ftr-442	478	22	one	one	NUM
ftr-442	478	23	type	type	NOUN
ftr-442	478	24	of	of	ADP
ftr-442	478	25	shifting	shift	VERB
ftr-442	478	26	of	of	ADP
ftr-442	478	27	gain	gain	NOUN
ftr-442	478	28	and	and	CCONJ
ftr-442	478	29	loss	loss	NOUN
ftr-442	478	30	,	,	PUNCT
ftr-442	478	31	while	while	SCONJ
ftr-442	478	32	leaving	leave	VERB
ftr-442	478	33	analogous	analogous	ADJ
ftr-442	478	34	shifting	shift	VERB
ftr-442	478	35	opportunities	opportunity	NOUN
ftr-442	478	36	subject	subject	VERB
ftr-442	478	37	either	either	CCONJ
ftr-442	478	38	to	to	ADP
ftr-442	478	39	an	an	DET
ftr-442	478	40	elective	elective	ADJ
ftr-442	478	41	rule	rule	NOUN
ftr-442	478	42	or	or	CCONJ
ftr-442	478	43	to	to	ADP
ftr-442	478	44	no	no	DET
ftr-442	478	45	rule	rule	NOUN
ftr-442	478	46	at	at	ADV
ftr-442	478	47	all	all	ADV
ftr-442	478	48	.	.	PUNCT
ftr-442	479	1	although	although	SCONJ
ftr-442	479	2	the	the	DET
ftr-442	479	3	s	s	NOUN
ftr-442	479	4	approach	approach	NOUN
ftr-442	479	5	opens	open	VERB
ftr-442	479	6	opportunities	opportunity	NOUN
ftr-442	479	7	for	for	ADP
ftr-442	479	8	manipulation	manipulation	NOUN
ftr-442	479	9	,	,	PUNCT
ftr-442	479	10	particularly	particularly	ADV
ftr-442	479	11	under	under	ADP
ftr-442	479	12	the	the	DET
ftr-442	479	13	more	more	ADV
ftr-442	479	14	broadly	broadly	ADV
ftr-442	479	15	available	available	ADJ
ftr-442	479	16	subchapter	subchapter	NOUN
ftr-442	479	17	s	s	NOUN
ftr-442	479	18	in	in	ADP
ftr-442	479	19	the	the	DET
ftr-442	479	20	proposed	propose	VERB
ftr-442	479	21	model	model	NOUN
ftr-442	479	22	,	,	PUNCT
ftr-442	479	23	the	the	DET
ftr-442	479	24	burdensome	burdensome	ADJ
ftr-442	479	25	complications	complication	NOUN
ftr-442	479	26	of	of	ADP
ftr-442	479	27	the	the	DET
ftr-442	479	28	partnership	partnership	NOUN
ftr-442	479	29	limitations	limitation	NOUN
ftr-442	479	30	are	be	AUX
ftr-442	479	31	not	not	PART
ftr-442	479	32	justified	justify	VERB
ftr-442	479	33	by	by	ADP
ftr-442	479	34	what	what	PRON
ftr-442	479	35	they	they	PRON
ftr-442	479	36	accomplish	accomplish	VERB
ftr-442	479	37	.	.	PUNCT
ftr-442	480	1	6	6	X
ftr-442	480	2	.	.	X
ftr-442	480	3	loss	loss	NOUN
ftr-442	480	4	limitation	limitation	NOUN
ftr-442	480	5	;	;	PUNCT
ftr-442	480	6	liabilities	liability	NOUN
ftr-442	480	7	in	in	ADP
ftr-442	480	8	basis.-under	basis.-under	NOUN
ftr-442	480	9	both	both	DET
ftr-442	480	10	subchapter	subchapter	NOUN
ftr-442	480	11	k	k	NOUN
ftr-442	480	12	and	and	CCONJ
ftr-442	480	13	subchapter	subchapter	NOUN
ftr-442	480	14	s	s	PART
ftr-442	480	15	,	,	PUNCT
ftr-442	480	16	an	an	DET
ftr-442	480	17	equity	equity	NOUN
ftr-442	480	18	owner	owner	NOUN
ftr-442	480	19	can	can	AUX
ftr-442	480	20	deduct	deduct	VERB
ftr-442	480	21	entity	entity	NOUN
ftr-442	480	22	losses	loss	NOUN
ftr-442	480	23	only	only	ADV
ftr-442	480	24	to	to	ADP
ftr-442	480	25	the	the	DET
ftr-442	480	26	extent	extent	NOUN
ftr-442	480	27	of	of	ADP
ftr-442	480	28	the	the	DET
ftr-442	480	29	basis	basis	NOUN
ftr-442	480	30	of	of	ADP
ftr-442	480	31	the	the	DET
ftr-442	480	32	owner	owner	NOUN
ftr-442	480	33	's	's	PART
ftr-442	480	34	interest.y	interest.y	NOUN
ftr-442	480	35	however	however	ADV
ftr-442	480	36	,	,	PUNCT
ftr-442	480	37	the	the	DET
ftr-442	480	38	adjusted	adjusted	ADJ
ftr-442	480	39	basis	basis	NOUN
ftr-442	480	40	of	of	ADP
ftr-442	480	41	a	a	DET
ftr-442	480	42	partnership	partnership	NOUN
ftr-442	480	43	interest	interest	NOUN
ftr-442	480	44	includes	include	VERB
ftr-442	480	45	the	the	DET
ftr-442	480	46	partner	partner	NOUN
ftr-442	480	47	's	's	PART
ftr-442	480	48	share	share	NOUN
ftr-442	480	49	of	of	ADP
ftr-442	480	50	partnership	partnership	NOUN
ftr-442	480	51	liabilities	liability	NOUN
ftr-442	480	52	,	,	PUNCT
ftr-442	480	53	"	"	PUNCT
ftr-442	480	54	but	but	CCONJ
ftr-442	480	55	an	an	DET
ftr-442	480	56	s	s	NOUN
ftr-442	480	57	corporation	corporation	NOUN
ftr-442	480	58	's	's	PART
ftr-442	480	59	liabilities	liability	NOUN
ftr-442	480	60	have	have	VERB
ftr-442	480	61	no	no	DET
ftr-442	480	62	effect	effect	NOUN
ftr-442	480	63	on	on	ADP
ftr-442	480	64	the	the	DET
ftr-442	480	65	shareholders	shareholder	NOUN
ftr-442	480	66	'	'	PART
ftr-442	480	67	bases	basis	NOUN
ftr-442	480	68	for	for	ADP
ftr-442	480	69	their	their	PRON
ftr-442	480	70	stock	stock	NOUN
ftr-442	480	71	.	.	PUNCT
ftr-442	481	1	the	the	DET
ftr-442	481	2	partnership	partnership	NOUN
ftr-442	481	3	rules	rule	VERB
ftr-442	481	4	greatly	greatly	ADV
ftr-442	481	5	facilitate	facilitate	VERB
ftr-442	481	6	partners	partner	NOUN
ftr-442	481	7	'	'	PART
ftr-442	481	8	deductions	deduction	NOUN
ftr-442	481	9	for	for	ADP
ftr-442	481	10	artificial	artificial	ADJ
ftr-442	481	11	losses	loss	NOUN
ftr-442	481	12	generated	generate	VERB
ftr-442	481	13	by	by	ADP
ftr-442	481	14	partnership	partnership	NOUN
ftr-442	481	15	investments	investment	NOUN
ftr-442	481	16	.	.	PUNCT
ftr-442	482	1	the	the	DET
ftr-442	482	2	s	s	X
ftr-442	482	3	example	example	NOUN
ftr-442	482	4	better	well	ADV
ftr-442	482	5	serves	serve	VERB
ftr-442	482	6	the	the	DET
ftr-442	482	7	goal	goal	NOUN
ftr-442	482	8	of	of	ADP
ftr-442	482	9	simplicity	simplicity	NOUN
ftr-442	482	10	.	.	PUNCT
ftr-442	483	1	the	the	DET
ftr-442	483	2	partnership	partnership	NOUN
ftr-442	483	3	rules	rule	NOUN
ftr-442	483	4	are	be	AUX
ftr-442	483	5	complex	complex	ADJ
ftr-442	483	6	,	,	PUNCT
ftr-442	483	7	particularly	particularly	ADV
ftr-442	483	8	as	as	SCONJ
ftr-442	483	9	applied	apply	VERB
ftr-442	483	10	to	to	ADP
ftr-442	483	11	liabilities	liability	NOUN
ftr-442	483	12	for	for	ADP
ftr-442	483	13	which	which	PRON
ftr-442	483	14	some	some	DET
ftr-442	483	15	partners	partner	NOUN
ftr-442	483	16	have	have	VERB
ftr-442	483	17	personal	personal	ADJ
ftr-442	483	18	liability	liability	NOUN
ftr-442	483	19	and	and	CCONJ
ftr-442	483	20	some	some	PRON
ftr-442	483	21	do	do	VERB
ftr-442	483	22	not	not	PART
ftr-442	483	23	.	.	PUNCT
ftr-442	484	1	generally	generally	ADV
ftr-442	484	2	,	,	PUNCT
ftr-442	484	3	a	a	DET
ftr-442	484	4	partner	partner	NOUN
ftr-442	484	5	's	's	PART
ftr-442	484	6	share	share	NOUN
ftr-442	484	7	of	of	ADP
ftr-442	484	8	a	a	DET
ftr-442	484	9	liability	liability	NOUN
ftr-442	484	10	is	be	AUX
ftr-442	484	11	the	the	DET
ftr-442	484	12	portion	portion	NOUN
ftr-442	484	13	of	of	ADP
ftr-442	484	14	the	the	DET
ftr-442	484	15	liability	liability	NOUN
ftr-442	484	16	for	for	ADP
ftr-442	484	17	which	which	PRON
ftr-442	484	18	the	the	DET
ftr-442	484	19	partner	partner	NOUN
ftr-442	484	20	or	or	CCONJ
ftr-442	484	21	a	a	DET
ftr-442	484	22	related	related	ADJ
ftr-442	484	23	person	person	NOUN
ftr-442	484	24	"	"	PUNCT
ftr-442	484	25	bears	bear	VERB
ftr-442	484	26	the	the	DET
ftr-442	484	27	economic	economic	ADJ
ftr-442	484	28	risk	risk	NOUN
ftr-442	484	29	of	of	ADP
ftr-442	484	30	loss,"59	loss,"59	NOUN
ftr-442	484	31	but	but	CCONJ
ftr-442	484	32	if	if	SCONJ
ftr-442	484	33	no	no	DET
ftr-442	484	34	partner	partner	NOUN
ftr-442	484	35	bears	bear	VERB
ftr-442	484	36	this	this	DET
ftr-442	484	37	risk	risk	NOUN
ftr-442	484	38	,	,	PUNCT
ftr-442	484	39	the	the	DET
ftr-442	484	40	liability	liability	NOUN
ftr-442	484	41	is	be	AUX
ftr-442	484	42	allocated	allocate	VERB
ftr-442	484	43	among	among	ADP
ftr-442	484	44	the	the	DET
ftr-442	484	45	partners	partner	NOUN
ftr-442	484	46	according	accord	VERB
ftr-442	484	47	to	to	ADP
ftr-442	484	48	a	a	DET
ftr-442	484	49	three	three	NUM
ftr-442	484	50	-	-	PUNCT
ftr-442	484	51	tier	tier	NOUN
ftr-442	484	52	formula	formula	NOUN
ftr-442	484	53	.	.	PUNCT
ftr-442	484	54	'	'	PUNCT
ftr-442	485	1	all	all	DET
ftr-442	485	2	obligations	obligation	NOUN
ftr-442	485	3	among	among	ADP
ftr-442	485	4	the	the	DET
ftr-442	485	5	partners	partner	NOUN
ftr-442	485	6	,	,	PUNCT
ftr-442	485	7	as	as	ADV
ftr-442	485	8	well	well	ADV
ftr-442	485	9	as	as	ADP
ftr-442	485	10	to	to	ADP
ftr-442	485	11	third	third	ADJ
ftr-442	485	12	persons	person	NOUN
ftr-442	485	13	,	,	PUNCT
ftr-442	485	14	are	be	AUX
ftr-442	485	15	taken	take	VERB
ftr-442	485	16	into	into	ADP
ftr-442	485	17	account	account	NOUN
ftr-442	485	18	in	in	ADP
ftr-442	485	19	determining	determine	VERB
ftr-442	485	20	whether	whether	SCONJ
ftr-442	485	21	partners	partner	NOUN
ftr-442	485	22	have	have	VERB
ftr-442	485	23	personal	personal	ADJ
ftr-442	485	24	liability	liability	NOUN
ftr-442	485	25	and	and	CCONJ
ftr-442	485	26	,	,	PUNCT
ftr-442	485	27	if	if	SCONJ
ftr-442	485	28	so	so	ADV
ftr-442	485	29	,	,	PUNCT
ftr-442	485	30	the	the	DET
ftr-442	485	31	proportions	proportion	NOUN
ftr-442	485	32	in	in	ADP
ftr-442	485	33	which	which	PRON
ftr-442	485	34	they	they	PRON
ftr-442	485	35	bear	bear	VERB
ftr-442	485	36	the	the	DET
ftr-442	485	37	economic	economic	ADJ
ftr-442	485	38	risk	risk	NOUN
ftr-442	485	39	of	of	ADP
ftr-442	485	40	the	the	DET
ftr-442	485	41	liability.6	liability.6	NOUN
ftr-442	485	42	'	'	PUNCT
ftr-442	485	43	none	none	NOUN
ftr-442	485	44	of	of	ADP
ftr-442	485	45	these	these	DET
ftr-442	485	46	determinations	determination	NOUN
ftr-442	485	47	are	be	AUX
ftr-442	485	48	required	require	VERB
ftr-442	485	49	for	for	ADP
ftr-442	485	50	s	s	PROPN
ftr-442	485	51	corporations	corporation	NOUN
ftr-442	485	52	.	.	PUNCT
ftr-442	486	1	55	55	NUM
ftr-442	486	2	.	.	PUNCT
ftr-442	487	1	deficit	deficit	NOUN
ftr-442	487	2	reduction	reduction	NOUN
ftr-442	487	3	act	act	NOUN
ftr-442	487	4	of	of	ADP
ftr-442	487	5	1984	1984	NUM
ftr-442	487	6	,	,	PUNCT
ftr-442	487	7	pub	pub	NOUN
ftr-442	487	8	.	.	PUNCT
ftr-442	488	1	l.	l.	PROPN
ftr-442	488	2	no	no	INTJ
ftr-442	488	3	.	.	PROPN
ftr-442	489	1	98	98	NUM
ftr-442	489	2	-	-	SYM
ftr-442	489	3	369	369	NUM
ftr-442	489	4	,	,	PUNCT
ftr-442	489	5	§	§	PROPN
ftr-442	489	6	71(a	71(a	NUM
ftr-442	489	7	)	)	PUNCT
ftr-442	489	8	,	,	PUNCT
ftr-442	489	9	98	98	NUM
ftr-442	489	10	stat	stat	NOUN
ftr-442	489	11	.	.	PUNCT
ftr-442	490	1	494	494	NUM
ftr-442	490	2	,	,	PUNCT
ftr-442	490	3	589	589	NUM
ftr-442	490	4	(	(	PUNCT
ftr-442	490	5	1984	1984	NUM
ftr-442	490	6	)	)	PUNCT
ftr-442	490	7	.	.	PUNCT
ftr-442	491	1	56	56	NUM
ftr-442	491	2	.	.	X
ftr-442	491	3	see	see	VERB
ftr-442	491	4	regs	reg	NOUN
ftr-442	491	5	.	.	PUNCT
ftr-442	492	1	§	§	PROPN
ftr-442	492	2	1.704	1.704	NUM
ftr-442	492	3	-	-	SYM
ftr-442	492	4	3	3	NUM
ftr-442	492	5	.	.	PUNCT
ftr-442	493	1	the	the	DET
ftr-442	493	2	complexity	complexity	NOUN
ftr-442	493	3	and	and	CCONJ
ftr-442	493	4	ineffectiveness	ineffectiveness	NOUN
ftr-442	493	5	both	both	PRON
ftr-442	493	6	derive	derive	VERB
ftr-442	493	7	in	in	ADP
ftr-442	493	8	significant	significant	ADJ
ftr-442	493	9	part	part	NOUN
ftr-442	493	10	from	from	ADP
ftr-442	493	11	the	the	DET
ftr-442	493	12	regulations	regulation	NOUN
ftr-442	493	13	'	'	PART
ftr-442	493	14	"	"	PUNCT
ftr-442	493	15	ceiling	ceiling	NOUN
ftr-442	493	16	rule	rule	NOUN
ftr-442	493	17	,	,	PUNCT
ftr-442	493	18	"	"	PUNCT
ftr-442	493	19	which	which	PRON
ftr-442	493	20	applies	apply	VERB
ftr-442	493	21	when	when	SCONJ
ftr-442	493	22	,	,	PUNCT
ftr-442	493	23	among	among	ADP
ftr-442	493	24	other	other	ADJ
ftr-442	493	25	things	thing	NOUN
ftr-442	493	26	,	,	PUNCT
ftr-442	493	27	property	property	NOUN
ftr-442	493	28	appreciates	appreciate	VERB
ftr-442	493	29	before	before	SCONJ
ftr-442	493	30	it	it	PRON
ftr-442	493	31	is	be	AUX
ftr-442	493	32	contributed	contribute	VERB
ftr-442	493	33	to	to	ADP
ftr-442	493	34	the	the	DET
ftr-442	493	35	partnership	partnership	NOUN
ftr-442	493	36	and	and	CCONJ
ftr-442	493	37	then	then	ADV
ftr-442	493	38	depreciates	depreciate	VERB
ftr-442	493	39	in	in	ADP
ftr-442	493	40	the	the	DET
ftr-442	493	41	partnership	partnership	NOUN
ftr-442	493	42	's	's	PART
ftr-442	493	43	hands	hand	NOUN
ftr-442	493	44	or	or	CCONJ
ftr-442	493	45	vice	vice	NOUN
ftr-442	493	46	versa	versa	ADV
ftr-442	493	47	.	.	PUNCT
ftr-442	494	1	see	see	VERB
ftr-442	494	2	laura	laura	PROPN
ftr-442	494	3	cunningham	cunningham	PROPN
ftr-442	494	4	,	,	PUNCT
ftr-442	494	5	use	use	NOUN
ftr-442	494	6	and	and	CCONJ
ftr-442	494	7	abuse	abuse	NOUN
ftr-442	494	8	of	of	ADP
ftr-442	494	9	section	section	NOUN
ftr-442	494	10	704(c	704(c	PROPN
ftr-442	494	11	)	)	PUNCT
ftr-442	494	12	,	,	PUNCT
ftr-442	494	13	3	3	NUM
ftr-442	494	14	fla	fla	NOUN
ftr-442	494	15	.	.	PUNCT
ftr-442	495	1	tax	tax	PROPN
ftr-442	495	2	rev	rev	PROPN
ftr-442	495	3	.	.	PROPN
ftr-442	496	1	93	93	NUM
ftr-442	496	2	(	(	PUNCT
ftr-442	496	3	1996	1996	NUM
ftr-442	496	4	)	)	PUNCT
ftr-442	496	5	.	.	PUNCT
ftr-442	497	1	57	57	NUM
ftr-442	497	2	.	.	PUNCT
ftr-442	497	3	see	see	VERB
ftr-442	497	4	irc	irc	PROPN
ftr-442	497	5	§	§	PROPN
ftr-442	497	6	§	§	PROPN
ftr-442	497	7	704(d)(1	704(d)(1	NOUN
ftr-442	497	8	)	)	PUNCT
ftr-442	497	9	;	;	PUNCT
ftr-442	497	10	1366(d	1366(d	NUM
ftr-442	497	11	)	)	PUNCT
ftr-442	497	12	.	.	PUNCT
ftr-442	498	1	a	a	DET
ftr-442	498	2	partner	partner	NOUN
ftr-442	498	3	can	can	AUX
ftr-442	498	4	deduct	deduct	VERB
ftr-442	498	5	losses	loss	NOUN
ftr-442	498	6	only	only	ADV
ftr-442	498	7	to	to	ADP
ftr-442	498	8	the	the	DET
ftr-442	498	9	extent	extent	NOUN
ftr-442	498	10	of	of	ADP
ftr-442	498	11	the	the	DET
ftr-442	498	12	basis	basis	NOUN
ftr-442	498	13	of	of	ADP
ftr-442	498	14	the	the	DET
ftr-442	498	15	partnership	partnership	NOUN
ftr-442	498	16	interest	interest	NOUN
ftr-442	498	17	,	,	PUNCT
ftr-442	498	18	but	but	CCONJ
ftr-442	498	19	an	an	DET
ftr-442	498	20	s	s	NOUN
ftr-442	498	21	shareholder	shareholder	NOUN
ftr-442	498	22	can	can	AUX
ftr-442	498	23	deduct	deduct	VERB
ftr-442	498	24	losses	loss	NOUN
ftr-442	498	25	to	to	ADP
ftr-442	498	26	the	the	DET
ftr-442	498	27	extent	extent	NOUN
ftr-442	498	28	of	of	ADP
ftr-442	498	29	the	the	DET
ftr-442	498	30	sum	sum	NOUN
ftr-442	498	31	of	of	ADP
ftr-442	498	32	the	the	DET
ftr-442	498	33	bases	basis	NOUN
ftr-442	498	34	of	of	ADP
ftr-442	498	35	the	the	DET
ftr-442	498	36	shareholder	shareholder	NOUN
ftr-442	498	37	's	's	PART
ftr-442	498	38	stock	stock	NOUN
ftr-442	498	39	and	and	CCONJ
ftr-442	498	40	corporate	corporate	ADJ
ftr-442	498	41	debt	debt	NOUN
ftr-442	498	42	held	hold	VERB
ftr-442	498	43	by	by	ADP
ftr-442	498	44	the	the	DET
ftr-442	498	45	shareholder	shareholder	NOUN
ftr-442	498	46	.	.	PUNCT
ftr-442	499	1	58	58	NUM
ftr-442	499	2	.	.	PUNCT
ftr-442	500	1	see	see	VERB
ftr-442	500	2	irc	irc	PROPN
ftr-442	500	3	§	§	PROPN
ftr-442	500	4	752	752	NUM
ftr-442	500	5	.	.	PUNCT
ftr-442	501	1	59	59	NUM
ftr-442	501	2	.	.	PUNCT
ftr-442	501	3	regs	regs	PROPN
ftr-442	501	4	.	.	PUNCT
ftr-442	502	1	§	§	PROPN
ftr-442	502	2	1.752	1.752	NUM
ftr-442	502	3	-	-	SYM
ftr-442	502	4	2(a	2(a	NUM
ftr-442	502	5	)	)	PUNCT
ftr-442	502	6	.	.	PUNCT
ftr-442	503	1	60	60	NUM
ftr-442	503	2	.	.	PUNCT
ftr-442	504	1	see	see	VERB
ftr-442	504	2	regs	reg	NOUN
ftr-442	504	3	.	.	PUNCT
ftr-442	505	1	§	§	PROPN
ftr-442	505	2	1.752	1.752	NUM
ftr-442	505	3	-	-	SYM
ftr-442	505	4	3(a	3(a	NUM
ftr-442	505	5	)	)	PUNCT
ftr-442	505	6	.	.	PUNCT
ftr-442	506	1	61	61	NUM
ftr-442	506	2	.	.	PUNCT
ftr-442	506	3	regs	regs	PROPN
ftr-442	506	4	.	.	PUNCT
ftr-442	507	1	§	§	PROPN
ftr-442	507	2	1.752	1.752	NUM
ftr-442	507	3	-	-	SYM
ftr-442	507	4	2(a	2(a	NUM
ftr-442	507	5	)	)	PUNCT
ftr-442	507	6	.	.	PUNCT
ftr-442	508	1	1999	1999	NUM
ftr-442	508	2	]	]	PUNCT
ftr-442	508	3	florida	florida	PROPN
ftr-442	508	4	tax	tax	PROPN
ftr-442	508	5	review	review	NOUN
ftr-442	508	6	the	the	DET
ftr-442	508	7	facial	facial	ADJ
ftr-442	508	8	simplicity	simplicity	NOUN
ftr-442	508	9	of	of	ADP
ftr-442	508	10	the	the	DET
ftr-442	508	11	s	s	NOUN
ftr-442	508	12	approach	approach	NOUN
ftr-442	508	13	is	be	AUX
ftr-442	508	14	undercut	undercut	ADJ
ftr-442	508	15	by	by	ADP
ftr-442	508	16	frequent	frequent	ADJ
ftr-442	508	17	disputes	dispute	NOUN
ftr-442	508	18	between	between	ADP
ftr-442	508	19	the	the	DET
ftr-442	508	20	irs	irs	PROPN
ftr-442	508	21	and	and	CCONJ
ftr-442	508	22	s	s	NOUN
ftr-442	508	23	shareholders	shareholder	NOUN
ftr-442	508	24	over	over	ADP
ftr-442	508	25	whether	whether	SCONJ
ftr-442	508	26	corporate	corporate	ADJ
ftr-442	508	27	borrowings	borrowing	NOUN
ftr-442	508	28	from	from	ADP
ftr-442	508	29	third	third	ADJ
ftr-442	508	30	persons	person	NOUN
ftr-442	508	31	should	should	AUX
ftr-442	508	32	be	be	AUX
ftr-442	508	33	considered	consider	VERB
ftr-442	508	34	,	,	PUNCT
ftr-442	508	35	in	in	ADP
ftr-442	508	36	substance	substance	NOUN
ftr-442	508	37	,	,	PUNCT
ftr-442	508	38	to	to	PART
ftr-442	508	39	be	be	AUX
ftr-442	508	40	borrowings	borrowing	NOUN
ftr-442	508	41	by	by	ADP
ftr-442	508	42	the	the	DET
ftr-442	508	43	shareholders	shareholder	NOUN
ftr-442	508	44	,	,	PUNCT
ftr-442	508	45	followed	follow	VERB
ftr-442	508	46	by	by	ADP
ftr-442	508	47	capital	capital	NOUN
ftr-442	508	48	contributions	contribution	NOUN
ftr-442	508	49	or	or	CCONJ
ftr-442	508	50	loans	loan	NOUN
ftr-442	508	51	by	by	ADP
ftr-442	508	52	the	the	DET
ftr-442	508	53	shareholders	shareholder	NOUN
ftr-442	508	54	to	to	ADP
ftr-442	508	55	the	the	DET
ftr-442	508	56	corporation.62	corporation.62	NOUN
ftr-442	508	57	whether	whether	SCONJ
ftr-442	508	58	a	a	DET
ftr-442	508	59	corporate	corporate	ADJ
ftr-442	508	60	liability	liability	NOUN
ftr-442	508	61	is	be	AUX
ftr-442	508	62	reflected	reflect	VERB
ftr-442	508	63	in	in	ADP
ftr-442	508	64	a	a	DET
ftr-442	508	65	shareholder	shareholder	NOUN
ftr-442	508	66	's	's	PART
ftr-442	508	67	basis	basis	NOUN
ftr-442	508	68	often	often	ADV
ftr-442	508	69	depends	depend	VERB
ftr-442	508	70	more	more	ADV
ftr-442	508	71	on	on	ADP
ftr-442	508	72	the	the	DET
ftr-442	508	73	form	form	NOUN
ftr-442	508	74	of	of	ADP
ftr-442	508	75	the	the	DET
ftr-442	508	76	transactions	transaction	NOUN
ftr-442	508	77	than	than	ADP
ftr-442	508	78	on	on	ADP
ftr-442	508	79	the	the	DET
ftr-442	508	80	substance	substance	NOUN
ftr-442	508	81	of	of	ADP
ftr-442	508	82	the	the	DET
ftr-442	508	83	parties	party	NOUN
ftr-442	508	84	'	'	PART
ftr-442	508	85	rights	right	NOUN
ftr-442	508	86	and	and	CCONJ
ftr-442	508	87	interests	interest	NOUN
ftr-442	508	88	,	,	PUNCT
ftr-442	508	89	particularly	particularly	ADV
ftr-442	508	90	if	if	SCONJ
ftr-442	508	91	the	the	DET
ftr-442	508	92	shareholder	shareholder	NOUN
ftr-442	508	93	guarantees	guarantee	VERB
ftr-442	508	94	the	the	DET
ftr-442	508	95	liability	liability	NOUN
ftr-442	508	96	.	.	PUNCT
ftr-442	509	1	a	a	DET
ftr-442	509	2	more	more	ADV
ftr-442	509	3	fundamental	fundamental	ADJ
ftr-442	509	4	problem	problem	NOUN
ftr-442	509	5	with	with	ADP
ftr-442	509	6	the	the	DET
ftr-442	509	7	s	s	PART
ftr-442	509	8	approach	approach	NOUN
ftr-442	509	9	,	,	PUNCT
ftr-442	509	10	particularly	particularly	ADV
ftr-442	509	11	if	if	SCONJ
ftr-442	509	12	it	it	PRON
ftr-442	509	13	is	be	AUX
ftr-442	509	14	used	use	VERB
ftr-442	509	15	in	in	ADP
ftr-442	509	16	the	the	DET
ftr-442	509	17	only	only	ADJ
ftr-442	509	18	conduit	conduit	NOUN
ftr-442	509	19	regime	regime	NOUN
ftr-442	509	20	available	available	ADJ
ftr-442	509	21	to	to	ADP
ftr-442	509	22	most	most	ADJ
ftr-442	509	23	business	business	NOUN
ftr-442	509	24	entities	entity	NOUN
ftr-442	509	25	,	,	PUNCT
ftr-442	509	26	is	be	AUX
ftr-442	509	27	that	that	SCONJ
ftr-442	509	28	it	it	PRON
ftr-442	509	29	draws	draw	VERB
ftr-442	509	30	a	a	DET
ftr-442	509	31	sharp	sharp	ADJ
ftr-442	509	32	distinction	distinction	NOUN
ftr-442	509	33	between	between	ADP
ftr-442	509	34	proprietorships	proprietorship	NOUN
ftr-442	509	35	and	and	CCONJ
ftr-442	509	36	multiowner	multiown	ADJ
ftr-442	509	37	enterprises	enterprise	NOUN
ftr-442	509	38	and	and	CCONJ
ftr-442	509	39	between	between	ADP
ftr-442	509	40	co	co	NOUN
ftr-442	509	41	-	-	NOUN
ftr-442	509	42	ownership	ownership	NOUN
ftr-442	509	43	of	of	ADP
ftr-442	509	44	property	property	NOUN
ftr-442	509	45	and	and	CCONJ
ftr-442	509	46	ownership	ownership	NOUN
ftr-442	509	47	through	through	ADP
ftr-442	509	48	an	an	DET
ftr-442	509	49	entity	entity	NOUN
ftr-442	509	50	.	.	PUNCT
ftr-442	510	1	the	the	DET
ftr-442	510	2	partnership	partnership	NOUN
ftr-442	510	3	liability	liability	NOUN
ftr-442	510	4	rules	rule	NOUN
ftr-442	510	5	are	be	AUX
ftr-442	510	6	essentially	essentially	ADV
ftr-442	510	7	an	an	DET
ftr-442	510	8	extension	extension	NOUN
ftr-442	510	9	of	of	ADP
ftr-442	510	10	the	the	DET
ftr-442	510	11	crane	crane	NOUN
ftr-442	510	12	doctrine	doctrine	NOUN
ftr-442	510	13	,	,	PUNCT
ftr-442	510	14	which	which	PRON
ftr-442	510	15	includes	include	VERB
ftr-442	510	16	in	in	ADP
ftr-442	510	17	a	a	DET
ftr-442	510	18	taxpayer	taxpayer	NOUN
ftr-442	510	19	's	's	PART
ftr-442	510	20	cost	cost	NOUN
ftr-442	510	21	basis	basis	NOUN
ftr-442	510	22	for	for	ADP
ftr-442	510	23	property	property	NOUN
ftr-442	510	24	any	any	DET
ftr-442	510	25	portion	portion	NOUN
ftr-442	510	26	of	of	ADP
ftr-442	510	27	the	the	DET
ftr-442	510	28	cost	cost	NOUN
ftr-442	510	29	that	that	PRON
ftr-442	510	30	the	the	DET
ftr-442	510	31	taxpayer	taxpayer	NOUN
ftr-442	510	32	paid	pay	VERB
ftr-442	510	33	with	with	ADP
ftr-442	510	34	borrowed	borrow	VERB
ftr-442	510	35	money	money	NOUN
ftr-442	510	36	,	,	PUNCT
ftr-442	510	37	by	by	ADP
ftr-442	510	38	assuming	assume	VERB
ftr-442	510	39	a	a	DET
ftr-442	510	40	liability	liability	NOUN
ftr-442	510	41	,	,	PUNCT
ftr-442	510	42	or	or	CCONJ
ftr-442	510	43	by	by	ADP
ftr-442	510	44	taking	take	VERB
ftr-442	510	45	the	the	DET
ftr-442	510	46	property	property	NOUN
ftr-442	510	47	subject	subject	NOUN
ftr-442	510	48	to	to	ADP
ftr-442	510	49	a	a	DET
ftr-442	510	50	debt.63	debt.63	NOUN
ftr-442	510	51	to	to	PART
ftr-442	510	52	deny	deny	VERB
ftr-442	510	53	liability	liability	NOUN
ftr-442	510	54	flowthrough	flowthrough	NOUN
ftr-442	510	55	in	in	ADP
ftr-442	510	56	the	the	DET
ftr-442	510	57	only	only	ADJ
ftr-442	510	58	generally	generally	ADV
ftr-442	510	59	available	available	ADJ
ftr-442	510	60	conduit	conduit	NOUN
ftr-442	510	61	regime	regime	NOUN
ftr-442	510	62	for	for	ADP
ftr-442	510	63	business	business	NOUN
ftr-442	510	64	entities	entity	NOUN
ftr-442	510	65	probably	probably	ADV
ftr-442	510	66	gives	give	VERB
ftr-442	510	67	the	the	DET
ftr-442	510	68	entity	entity	NOUN
ftr-442	510	69	too	too	ADV
ftr-442	510	70	much	much	ADJ
ftr-442	510	71	significance	significance	NOUN
ftr-442	510	72	.	.	PUNCT
ftr-442	511	1	however	however	ADV
ftr-442	511	2	,	,	PUNCT
ftr-442	511	3	the	the	DET
ftr-442	511	4	factual	factual	ADJ
ftr-442	511	5	determinations	determination	NOUN
ftr-442	511	6	required	require	VERB
ftr-442	511	7	by	by	ADP
ftr-442	511	8	the	the	DET
ftr-442	511	9	partnership	partnership	NOUN
ftr-442	511	10	rules	rule	NOUN
ftr-442	511	11	are	be	AUX
ftr-442	511	12	complicated	complicated	ADJ
ftr-442	511	13	.	.	PUNCT
ftr-442	512	1	under	under	ADP
ftr-442	512	2	crane	crane	NOUN
ftr-442	512	3	,	,	PUNCT
ftr-442	512	4	a	a	DET
ftr-442	512	5	liability	liability	NOUN
ftr-442	512	6	may	may	AUX
ftr-442	512	7	be	be	AUX
ftr-442	512	8	included	include	VERB
ftr-442	512	9	in	in	ADP
ftr-442	512	10	a	a	DET
ftr-442	512	11	property	property	NOUN
ftr-442	512	12	owner	owner	NOUN
ftr-442	512	13	's	's	PART
ftr-442	512	14	cost	cost	NOUN
ftr-442	512	15	whether	whether	SCONJ
ftr-442	512	16	or	or	CCONJ
ftr-442	512	17	not	not	PART
ftr-442	512	18	the	the	DET
ftr-442	512	19	owner	owner	NOUN
ftr-442	512	20	has	have	VERB
ftr-442	512	21	personal	personal	ADJ
ftr-442	512	22	liability	liability	NOUN
ftr-442	512	23	.	.	PUNCT
ftr-442	512	24	'	'	PUNCT
ftr-442	513	1	4	4	NUM
ftr-442	513	2	this	this	DET
ftr-442	513	3	rule	rule	NOUN
ftr-442	513	4	has	have	VERB
ftr-442	513	5	the	the	DET
ftr-442	513	6	advantage	advantage	NOUN
ftr-442	513	7	of	of	ADP
ftr-442	513	8	avoiding	avoid	VERB
ftr-442	513	9	the	the	DET
ftr-442	513	10	often	often	ADV
ftr-442	513	11	difficult	difficult	ADJ
ftr-442	513	12	and	and	CCONJ
ftr-442	513	13	sometimes	sometimes	ADV
ftr-442	513	14	economically	economically	ADV
ftr-442	513	15	meaningless	meaningless	ADJ
ftr-442	513	16	question	question	NOUN
ftr-442	513	17	of	of	ADP
ftr-442	513	18	whether	whether	SCONJ
ftr-442	513	19	a	a	DET
ftr-442	513	20	liability	liability	NOUN
ftr-442	513	21	is	be	AUX
ftr-442	513	22	with	with	ADP
ftr-442	513	23	or	or	CCONJ
ftr-442	513	24	without	without	ADP
ftr-442	513	25	recourse	recourse	NOUN
ftr-442	513	26	.	.	PUNCT
ftr-442	514	1	in	in	ADP
ftr-442	514	2	an	an	DET
ftr-442	514	3	entity	entity	NOUN
ftr-442	514	4	context	context	NOUN
ftr-442	514	5	,	,	PUNCT
ftr-442	514	6	an	an	DET
ftr-442	514	7	equity	equity	NOUN
ftr-442	514	8	owner	owner	NOUN
ftr-442	514	9	personally	personally	ADV
ftr-442	514	10	liable	liable	ADJ
ftr-442	514	11	for	for	ADP
ftr-442	514	12	an	an	DET
ftr-442	514	13	entity	entity	NOUN
ftr-442	514	14	debt	debt	NOUN
ftr-442	514	15	has	have	VERB
ftr-442	514	16	a	a	DET
ftr-442	514	17	better	well	ADJ
ftr-442	514	18	claim	claim	NOUN
ftr-442	514	19	to	to	PART
ftr-442	514	20	basis	basis	NOUN
ftr-442	514	21	for	for	ADP
ftr-442	514	22	the	the	DET
ftr-442	514	23	obligation	obligation	NOUN
ftr-442	514	24	than	than	ADP
ftr-442	514	25	an	an	DET
ftr-442	514	26	owner	owner	NOUN
ftr-442	514	27	without	without	ADP
ftr-442	514	28	personal	personal	ADJ
ftr-442	514	29	liability	liability	NOUN
ftr-442	514	30	,	,	PUNCT
ftr-442	514	31	but	but	CCONJ
ftr-442	514	32	administration	administration	NOUN
ftr-442	514	33	of	of	ADP
ftr-442	514	34	this	this	DET
ftr-442	514	35	distinction	distinction	NOUN
ftr-442	514	36	adds	add	VERB
ftr-442	514	37	too	too	ADV
ftr-442	514	38	much	much	ADJ
ftr-442	514	39	complexity	complexity	NOUN
ftr-442	514	40	in	in	ADP
ftr-442	514	41	relation	relation	NOUN
ftr-442	514	42	to	to	ADP
ftr-442	514	43	the	the	DET
ftr-442	514	44	fairness	fairness	NOUN
ftr-442	514	45	benefits	benefit	NOUN
ftr-442	514	46	obtained	obtain	VERB
ftr-442	514	47	from	from	ADP
ftr-442	514	48	the	the	DET
ftr-442	514	49	distinction	distinction	NOUN
ftr-442	514	50	.	.	PUNCT
ftr-442	515	1	each	each	DET
ftr-442	515	2	equity	equity	NOUN
ftr-442	515	3	owner	owner	NOUN
ftr-442	515	4	's	's	PART
ftr-442	515	5	proportionate	proportionate	ADJ
ftr-442	515	6	share	share	NOUN
ftr-442	515	7	of	of	ADP
ftr-442	515	8	each	each	DET
ftr-442	515	9	liability	liability	NOUN
ftr-442	515	10	of	of	ADP
ftr-442	515	11	the	the	DET
ftr-442	515	12	entity	entity	NOUN
ftr-442	515	13	should	should	AUX
ftr-442	515	14	be	be	AUX
ftr-442	515	15	the	the	DET
ftr-442	515	16	same	same	ADJ
ftr-442	515	17	as	as	ADP
ftr-442	515	18	the	the	DET
ftr-442	515	19	owner	owner	NOUN
ftr-442	515	20	's	's	PART
ftr-442	515	21	proportionate	proportionate	ADJ
ftr-442	515	22	share	share	NOUN
ftr-442	515	23	of	of	ADP
ftr-442	515	24	entity	entity	NOUN
ftr-442	515	25	income	income	NOUN
ftr-442	515	26	and	and	CCONJ
ftr-442	515	27	loss	loss	NOUN
ftr-442	515	28	,	,	PUNCT
ftr-442	515	29	and	and	CCONJ
ftr-442	515	30	the	the	DET
ftr-442	515	31	holder	holder	NOUN
ftr-442	515	32	's	's	PART
ftr-442	515	33	personal	personal	ADJ
ftr-442	515	34	liability	liability	NOUN
ftr-442	515	35	on	on	ADP
ftr-442	515	36	the	the	DET
ftr-442	515	37	indebtedness	indebtedness	NOUN
ftr-442	515	38	,	,	PUNCT
ftr-442	515	39	or	or	CCONJ
ftr-442	515	40	lack	lack	NOUN
ftr-442	515	41	thereof	thereof	ADV
ftr-442	515	42	,	,	PUNCT
ftr-442	515	43	should	should	AUX
ftr-442	515	44	be	be	AUX
ftr-442	515	45	ignored	ignore	VERB
ftr-442	515	46	.	.	PUNCT
ftr-442	516	1	7	7	X
ftr-442	516	2	.	.	PUNCT
ftr-442	516	3	effects	effect	NOUN
ftr-442	516	4	of	of	ADP
ftr-442	516	5	elections	election	NOUN
ftr-442	516	6	and	and	CCONJ
ftr-442	516	7	terminations.-presently	terminations.-presently	ADV
ftr-442	516	8	,	,	PUNCT
ftr-442	516	9	a	a	DET
ftr-442	516	10	c	c	NOUN
ftr-442	516	11	corporation	corporation	NOUN
ftr-442	516	12	's	's	PART
ftr-442	516	13	election	election	NOUN
ftr-442	516	14	to	to	PART
ftr-442	516	15	be	be	AUX
ftr-442	516	16	an	an	DET
ftr-442	516	17	s	s	NOUN
ftr-442	516	18	corporation	corporation	NOUN
ftr-442	516	19	does	do	AUX
ftr-442	516	20	not	not	PART
ftr-442	516	21	interrupt	interrupt	VERB
ftr-442	516	22	the	the	DET
ftr-442	516	23	corporation	corporation	NOUN
ftr-442	516	24	's	's	PART
ftr-442	516	25	existence	existence	NOUN
ftr-442	516	26	for	for	ADP
ftr-442	516	27	tax	tax	NOUN
ftr-442	516	28	purposes	purpose	NOUN
ftr-442	516	29	or	or	CCONJ
ftr-442	516	30	trigger	trigger	NOUN
ftr-442	516	31	recognition	recognition	NOUN
ftr-442	516	32	of	of	ADP
ftr-442	516	33	gain	gain	NOUN
ftr-442	516	34	or	or	CCONJ
ftr-442	516	35	loss	loss	NOUN
ftr-442	516	36	in	in	ADP
ftr-442	516	37	the	the	DET
ftr-442	516	38	corporation	corporation	NOUN
ftr-442	516	39	's	's	PART
ftr-442	516	40	assets	asset	NOUN
ftr-442	516	41	.	.	PUNCT
ftr-442	517	1	however	however	ADV
ftr-442	517	2	,	,	PUNCT
ftr-442	517	3	a	a	DET
ftr-442	517	4	conversion	conversion	NOUN
ftr-442	517	5	of	of	ADP
ftr-442	517	6	a	a	DET
ftr-442	517	7	partnership	partnership	NOUN
ftr-442	517	8	into	into	ADP
ftr-442	517	9	an	an	DET
ftr-442	517	10	s	s	NOUN
ftr-442	517	11	corporation	corporation	NOUN
ftr-442	517	12	or	or	CCONJ
ftr-442	517	13	of	of	ADP
ftr-442	517	14	a	a	DET
ftr-442	517	15	corporation	corporation	NOUN
ftr-442	517	16	into	into	ADP
ftr-442	517	17	a	a	DET
ftr-442	517	18	partnership	partnership	NOUN
ftr-442	517	19	is	be	AUX
ftr-442	517	20	treated	treat	VERB
ftr-442	517	21	as	as	ADP
ftr-442	517	22	a	a	DET
ftr-442	517	23	liquidation	liquidation	NOUN
ftr-442	517	24	62	62	NUM
ftr-442	517	25	.	.	PUNCT
ftr-442	518	1	compare	compare	VERB
ftr-442	518	2	selfe	selfe	PROPN
ftr-442	518	3	v.	v.	ADP
ftr-442	518	4	united	united	PROPN
ftr-442	518	5	states	states	PROPN
ftr-442	518	6	,	,	PUNCT
ftr-442	518	7	778	778	NUM
ftr-442	518	8	f.2d	f.2d	SYM
ftr-442	518	9	769	769	NUM
ftr-442	518	10	(	(	PUNCT
ftr-442	518	11	11th	11th	ADJ
ftr-442	518	12	cir	cir	NOUN
ftr-442	518	13	.	.	PUNCT
ftr-442	518	14	1985	1985	NUM
ftr-442	518	15	)	)	PUNCT
ftr-442	518	16	(	(	PUNCT
ftr-442	518	17	corporate	corporate	ADJ
ftr-442	518	18	borrowing	borrowing	NOUN
ftr-442	518	19	,	,	PUNCT
ftr-442	518	20	guaranteed	guarantee	VERB
ftr-442	518	21	by	by	ADP
ftr-442	518	22	s	s	PROPN
ftr-442	518	23	shareholder	shareholder	NOUN
ftr-442	518	24	found	find	VERB
ftr-442	518	25	to	to	PART
ftr-442	518	26	be	be	AUX
ftr-442	518	27	,	,	PUNCT
ftr-442	518	28	in	in	ADP
ftr-442	518	29	substance	substance	NOUN
ftr-442	518	30	,	,	PUNCT
ftr-442	518	31	loan	loan	NOUN
ftr-442	518	32	to	to	ADP
ftr-442	518	33	shareholder	shareholder	NOUN
ftr-442	518	34	followed	follow	VERB
ftr-442	518	35	by	by	ADP
ftr-442	518	36	shareholder	shareholder	NOUN
ftr-442	518	37	loan	loan	NOUN
ftr-442	518	38	to	to	ADP
ftr-442	518	39	corporation	corporation	NOUN
ftr-442	518	40	)	)	PUNCT
ftr-442	518	41	,	,	PUNCT
ftr-442	518	42	with	with	ADP
ftr-442	518	43	estate	estate	NOUN
ftr-442	518	44	of	of	ADP
ftr-442	518	45	leavitt	leavitt	PROPN
ftr-442	518	46	v.	v.	PROPN
ftr-442	518	47	commissioner	commissioner	PROPN
ftr-442	518	48	,	,	PUNCT
ftr-442	518	49	875	875	NUM
ftr-442	518	50	f.2d	f.2d	ADP
ftr-442	518	51	420	420	NUM
ftr-442	518	52	(	(	PUNCT
ftr-442	518	53	4th	4th	ADJ
ftr-442	518	54	cir	cir	NOUN
ftr-442	518	55	.	.	PROPN
ftr-442	518	56	1989	1989	NUM
ftr-442	518	57	)	)	PUNCT
ftr-442	518	58	(	(	PUNCT
ftr-442	518	59	contra	contra	PROPN
ftr-442	518	60	)	)	PUNCT
ftr-442	518	61	.	.	PUNCT
ftr-442	519	1	63	63	NUM
ftr-442	519	2	.	.	PUNCT
ftr-442	520	1	crane	crane	PROPN
ftr-442	520	2	v.	v.	PROPN
ftr-442	520	3	commissioner	commissioner	PROPN
ftr-442	520	4	,	,	PUNCT
ftr-442	520	5	331	331	NUM
ftr-442	520	6	u.s	u.s	PROPN
ftr-442	520	7	.	.	PROPN
ftr-442	520	8	1	1	NUM
ftr-442	520	9	(	(	PUNCT
ftr-442	520	10	1947	1947	NUM
ftr-442	520	11	)	)	PUNCT
ftr-442	520	12	.	.	PUNCT
ftr-442	521	1	64	64	NUM
ftr-442	521	2	.	.	PUNCT
ftr-442	522	1	i	i	PRON
ftr-442	522	2	d.	d.	VERB
ftr-442	523	1	[	[	X
ftr-442	523	2	vol	vol	VERB
ftr-442	523	3	4.3	4.3	NUM
ftr-442	523	4	taxation	taxation	NOUN
ftr-442	523	5	of	of	ADP
ftr-442	523	6	private	private	ADJ
ftr-442	523	7	business	business	NOUN
ftr-442	523	8	firms	firm	NOUN
ftr-442	523	9	of	of	ADP
ftr-442	523	10	the	the	DET
ftr-442	523	11	old	old	ADJ
ftr-442	523	12	entity	entity	NOUN
ftr-442	523	13	and	and	CCONJ
ftr-442	523	14	a	a	DET
ftr-442	523	15	transfer	transfer	NOUN
ftr-442	523	16	to	to	ADP
ftr-442	523	17	the	the	DET
ftr-442	523	18	new	new	ADJ
ftr-442	523	19	entity.0	entity.0	NOUN
ftr-442	523	20	the	the	DET
ftr-442	523	21	provisions	provision	NOUN
ftr-442	523	22	of	of	ADP
ftr-442	523	23	subchapter	subchapter	NOUN
ftr-442	523	24	s	s	AUX
ftr-442	523	25	dealing	deal	VERB
ftr-442	523	26	with	with	ADP
ftr-442	523	27	former	former	ADJ
ftr-442	523	28	c	c	NOUN
ftr-442	523	29	corporations	corporation	NOUN
ftr-442	523	30	are	be	AUX
ftr-442	523	31	among	among	ADP
ftr-442	523	32	the	the	DET
ftr-442	523	33	most	most	ADV
ftr-442	523	34	complex	complex	NOUN
ftr-442	523	35	of	of	ADP
ftr-442	523	36	the	the	DET
ftr-442	523	37	rules	rule	NOUN
ftr-442	523	38	applicable	applicable	ADJ
ftr-442	523	39	to	to	ADP
ftr-442	523	40	s	s	NOUN
ftr-442	523	41	corporations	corporation	NOUN
ftr-442	523	42	.	.	PUNCT
ftr-442	523	43	'	'	PUNCT
ftr-442	524	1	under	under	ADP
ftr-442	524	2	the	the	DET
ftr-442	524	3	proposed	propose	VERB
ftr-442	524	4	model	model	NOUN
ftr-442	524	5	,	,	PUNCT
ftr-442	524	6	a	a	DET
ftr-442	524	7	c	c	NOUN
ftr-442	524	8	entity	entity	NOUN
ftr-442	524	9	becoming	become	VERB
ftr-442	524	10	an	an	DET
ftr-442	524	11	s	s	NOUN
ftr-442	524	12	entity	entity	NOUN
ftr-442	524	13	or	or	CCONJ
ftr-442	524	14	an	an	DET
ftr-442	524	15	s	s	NOUN
ftr-442	524	16	entity	entity	NOUN
ftr-442	524	17	electing	elect	VERB
ftr-442	524	18	to	to	PART
ftr-442	524	19	be	be	AUX
ftr-442	524	20	a	a	DET
ftr-442	524	21	c	c	NOUN
ftr-442	524	22	entity	entity	NOUN
ftr-442	524	23	would	would	AUX
ftr-442	524	24	be	be	AUX
ftr-442	524	25	treated	treat	VERB
ftr-442	524	26	as	as	ADP
ftr-442	524	27	making	make	VERB
ftr-442	524	28	a	a	DET
ftr-442	524	29	liquidating	liquidate	VERB
ftr-442	524	30	distribution	distribution	NOUN
ftr-442	524	31	of	of	ADP
ftr-442	524	32	all	all	PRON
ftr-442	524	33	of	of	ADP
ftr-442	524	34	its	its	PRON
ftr-442	524	35	assets	asset	NOUN
ftr-442	524	36	,	,	PUNCT
ftr-442	524	37	subject	subject	ADJ
ftr-442	524	38	to	to	ADP
ftr-442	524	39	its	its	PRON
ftr-442	524	40	liabilities	liability	NOUN
ftr-442	524	41	,	,	PUNCT
ftr-442	524	42	to	to	ADP
ftr-442	524	43	its	its	PRON
ftr-442	524	44	equity	equity	NOUN
ftr-442	524	45	owners	owner	NOUN
ftr-442	524	46	as	as	ADP
ftr-442	524	47	of	of	ADP
ftr-442	524	48	the	the	DET
ftr-442	524	49	close	close	NOUN
ftr-442	524	50	of	of	ADP
ftr-442	524	51	business	business	NOUN
ftr-442	524	52	on	on	ADP
ftr-442	524	53	the	the	DET
ftr-442	524	54	day	day	NOUN
ftr-442	524	55	preceding	precede	VERB
ftr-442	524	56	the	the	DET
ftr-442	524	57	effective	effective	ADJ
ftr-442	524	58	date	date	NOUN
ftr-442	524	59	of	of	ADP
ftr-442	524	60	the	the	DET
ftr-442	524	61	election	election	NOUN
ftr-442	524	62	or	or	CCONJ
ftr-442	524	63	termination	termination	NOUN
ftr-442	524	64	,	,	PUNCT
ftr-442	524	65	and	and	CCONJ
ftr-442	524	66	the	the	DET
ftr-442	524	67	equity	equity	NOUN
ftr-442	524	68	owners	owner	NOUN
ftr-442	524	69	would	would	AUX
ftr-442	524	70	be	be	AUX
ftr-442	524	71	treated	treat	VERB
ftr-442	524	72	as	as	ADP
ftr-442	524	73	contributing	contribute	VERB
ftr-442	524	74	the	the	DET
ftr-442	524	75	assets	asset	NOUN
ftr-442	524	76	,	,	PUNCT
ftr-442	524	77	subject	subject	ADJ
ftr-442	524	78	to	to	ADP
ftr-442	524	79	the	the	DET
ftr-442	524	80	liabilities	liability	NOUN
ftr-442	524	81	,	,	PUNCT
ftr-442	524	82	to	to	ADP
ftr-442	524	83	the	the	DET
ftr-442	524	84	s	s	NOUN
ftr-442	524	85	or	or	CCONJ
ftr-442	524	86	c	c	NOUN
ftr-442	524	87	entity	entity	NOUN
ftr-442	524	88	before	before	ADP
ftr-442	524	89	the	the	DET
ftr-442	524	90	start	start	NOUN
ftr-442	524	91	of	of	ADP
ftr-442	524	92	business	business	NOUN
ftr-442	524	93	on	on	ADP
ftr-442	524	94	the	the	DET
ftr-442	524	95	following	following	ADJ
ftr-442	524	96	day	day	NOUN
ftr-442	524	97	.	.	PUNCT
ftr-442	525	1	gain	gain	NOUN
ftr-442	525	2	or	or	CCONJ
ftr-442	525	3	loss	loss	NOUN
ftr-442	525	4	would	would	AUX
ftr-442	525	5	be	be	AUX
ftr-442	525	6	recognized	recognize	VERB
ftr-442	525	7	on	on	ADP
ftr-442	525	8	the	the	DET
ftr-442	525	9	constructive	constructive	ADJ
ftr-442	525	10	liquidation	liquidation	NOUN
ftr-442	525	11	as	as	SCONJ
ftr-442	525	12	though	though	SCONJ
ftr-442	525	13	the	the	DET
ftr-442	525	14	corporation	corporation	NOUN
ftr-442	525	15	had	have	AUX
ftr-442	525	16	sold	sell	VERB
ftr-442	525	17	its	its	PRON
ftr-442	525	18	assets	asset	NOUN
ftr-442	525	19	to	to	ADP
ftr-442	525	20	the	the	DET
ftr-442	525	21	equity	equity	NOUN
ftr-442	525	22	owners	owner	NOUN
ftr-442	525	23	.	.	PUNCT
ftr-442	526	1	8	8	X
ftr-442	526	2	.	.	X
ftr-442	526	3	application	application	NOUN
ftr-442	526	4	of	of	ADP
ftr-442	526	5	subchapter	subchapter	NOUN
ftr-442	526	6	c.-presently	c.-presently	ADV
ftr-442	526	7	,	,	PUNCT
ftr-442	526	8	all	all	DET
ftr-442	526	9	provisions	provision	NOUN
ftr-442	526	10	of	of	ADP
ftr-442	526	11	subchapter	subchapter	NOUN
ftr-442	526	12	c	c	PROPN
ftr-442	526	13	apply	apply	VERB
ftr-442	526	14	to	to	ADP
ftr-442	526	15	s	s	NOUN
ftr-442	526	16	corporations	corporation	NOUN
ftr-442	526	17	,	,	PUNCT
ftr-442	526	18	excepting	except	VERB
ftr-442	526	19	those	those	PRON
ftr-442	526	20	that	that	PRON
ftr-442	526	21	are	be	AUX
ftr-442	526	22	either	either	PRON
ftr-442	526	23	expressly	expressly	ADV
ftr-442	526	24	made	make	VERB
ftr-442	526	25	inapplicable	inapplicable	ADJ
ftr-442	526	26	or	or	CCONJ
ftr-442	526	27	are	be	AUX
ftr-442	526	28	"	"	PUNCT
ftr-442	526	29	inconsistent	inconsistent	ADJ
ftr-442	526	30	with	with	ADP
ftr-442	526	31	"	"	PUNCT
ftr-442	526	32	subchapter	subchapter	NOUN
ftr-442	526	33	s.67	s.67	NOUN
ftr-442	526	34	because	because	SCONJ
ftr-442	526	35	the	the	DET
ftr-442	526	36	proposed	propose	VERB
ftr-442	526	37	model	model	NOUN
ftr-442	526	38	brings	bring	VERB
ftr-442	526	39	partnerships	partnership	NOUN
ftr-442	526	40	,	,	PUNCT
ftr-442	526	41	limited	limited	ADJ
ftr-442	526	42	liability	liability	NOUN
ftr-442	526	43	companies	company	NOUN
ftr-442	526	44	,	,	PUNCT
ftr-442	526	45	and	and	CCONJ
ftr-442	526	46	other	other	ADJ
ftr-442	526	47	unincorporated	unincorporated	ADJ
ftr-442	526	48	business	business	NOUN
ftr-442	526	49	entities	entity	NOUN
ftr-442	526	50	into	into	ADP
ftr-442	526	51	the	the	DET
ftr-442	526	52	s	s	NOUN
ftr-442	526	53	regime	regime	NOUN
ftr-442	526	54	,	,	PUNCT
ftr-442	526	55	it	it	PRON
ftr-442	526	56	is	be	AUX
ftr-442	526	57	not	not	PART
ftr-442	526	58	appropriate	appropriate	ADJ
ftr-442	526	59	that	that	SCONJ
ftr-442	526	60	subchapter	subchapter	NOUN
ftr-442	526	61	c	c	NOUN
ftr-442	526	62	have	have	VERB
ftr-442	526	63	any	any	DET
ftr-442	526	64	application	application	NOUN
ftr-442	526	65	to	to	ADP
ftr-442	526	66	s	s	PART
ftr-442	526	67	entities	entity	NOUN
ftr-442	526	68	.	.	PUNCT
ftr-442	527	1	one	one	NUM
ftr-442	527	2	consequence	consequence	NOUN
ftr-442	527	3	of	of	ADP
ftr-442	527	4	the	the	DET
ftr-442	527	5	present	present	ADJ
ftr-442	527	6	incorporation	incorporation	NOUN
ftr-442	527	7	of	of	ADP
ftr-442	527	8	subchapter	subchapter	NOUN
ftr-442	527	9	c	c	NOUN
ftr-442	527	10	into	into	ADP
ftr-442	527	11	subchapter	subchapter	NOUN
ftr-442	527	12	s	s	PART
ftr-442	527	13	is	be	AUX
ftr-442	527	14	that	that	SCONJ
ftr-442	527	15	an	an	DET
ftr-442	527	16	s	s	NOUN
ftr-442	527	17	corporation	corporation	NOUN
ftr-442	527	18	can	can	AUX
ftr-442	527	19	be	be	AUX
ftr-442	527	20	a	a	DET
ftr-442	527	21	corporate	corporate	ADJ
ftr-442	527	22	party	party	NOUN
ftr-442	527	23	to	to	ADP
ftr-442	527	24	a	a	DET
ftr-442	527	25	reorganization	reorganization	NOUN
ftr-442	527	26	,	,	PUNCT
ftr-442	527	27	whereas	whereas	SCONJ
ftr-442	527	28	a	a	DET
ftr-442	527	29	partnership	partnership	NOUN
ftr-442	527	30	can	can	AUX
ftr-442	527	31	not	not	PART
ftr-442	527	32	.	.	PUNCT
ftr-442	528	1	for	for	ADP
ftr-442	528	2	example	example	NOUN
ftr-442	528	3	,	,	PUNCT
ftr-442	528	4	if	if	SCONJ
ftr-442	528	5	an	an	DET
ftr-442	528	6	s	s	NOUN
ftr-442	528	7	corporation	corporation	NOUN
ftr-442	528	8	's	's	PART
ftr-442	528	9	assets	asset	NOUN
ftr-442	528	10	are	be	AUX
ftr-442	528	11	acquired	acquire	VERB
ftr-442	528	12	by	by	ADP
ftr-442	528	13	another	another	DET
ftr-442	528	14	corporation	corporation	NOUN
ftr-442	528	15	in	in	ADP
ftr-442	528	16	exchange	exchange	NOUN
ftr-442	528	17	for	for	ADP
ftr-442	528	18	voting	vote	VERB
ftr-442	528	19	stock	stock	NOUN
ftr-442	528	20	of	of	ADP
ftr-442	528	21	the	the	DET
ftr-442	528	22	latter	latter	ADJ
ftr-442	528	23	and	and	CCONJ
ftr-442	528	24	the	the	DET
ftr-442	528	25	s	s	PROPN
ftr-442	528	26	corporation	corporation	NOUN
ftr-442	528	27	distributes	distribute	VERB
ftr-442	528	28	the	the	DET
ftr-442	528	29	stock	stock	NOUN
ftr-442	528	30	in	in	ADP
ftr-442	528	31	complete	complete	ADJ
ftr-442	528	32	liquidation	liquidation	NOUN
ftr-442	528	33	,	,	PUNCT
ftr-442	528	34	the	the	DET
ftr-442	528	35	transaction	transaction	NOUN
ftr-442	528	36	is	be	AUX
ftr-442	528	37	a	a	DET
ftr-442	528	38	tax	tax	NOUN
ftr-442	528	39	-	-	PUNCT
ftr-442	528	40	free	free	ADJ
ftr-442	528	41	reorganization	reorganization	NOUN
ftr-442	528	42	(	(	PUNCT
ftr-442	528	43	a	a	DET
ftr-442	528	44	c	c	NOUN
ftr-442	528	45	reorganization	reorganization	NOUN
ftr-442	528	46	)	)	PUNCT
ftr-442	528	47	,	,	PUNCT
ftr-442	528	48	and	and	CCONJ
ftr-442	528	49	neither	neither	CCONJ
ftr-442	528	50	the	the	DET
ftr-442	528	51	target	target	NOUN
ftr-442	528	52	corporation	corporation	NOUN
ftr-442	528	53	nor	nor	CCONJ
ftr-442	528	54	its	its	PRON
ftr-442	528	55	shareholders	shareholder	NOUN
ftr-442	528	56	recognize	recognize	VERB
ftr-442	528	57	gain	gain	NOUN
ftr-442	528	58	or	or	CCONJ
ftr-442	528	59	loss.68	loss.68	NOUN
ftr-442	528	60	in	in	ADP
ftr-442	528	61	contrast	contrast	NOUN
ftr-442	528	62	,	,	PUNCT
ftr-442	528	63	if	if	SCONJ
ftr-442	528	64	a	a	DET
ftr-442	528	65	partnership	partnership	NOUN
ftr-442	528	66	's	's	PART
ftr-442	528	67	assets	asset	NOUN
ftr-442	528	68	are	be	AUX
ftr-442	528	69	acquired	acquire	VERB
ftr-442	528	70	for	for	ADP
ftr-442	528	71	stock	stock	NOUN
ftr-442	528	72	in	in	ADP
ftr-442	528	73	a	a	DET
ftr-442	528	74	corporation	corporation	NOUN
ftr-442	528	75	,	,	PUNCT
ftr-442	528	76	the	the	DET
ftr-442	528	77	partnership	partnership	NOUN
ftr-442	528	78	's	's	PART
ftr-442	528	79	exchange	exchange	NOUN
ftr-442	528	80	of	of	ADP
ftr-442	528	81	its	its	PRON
ftr-442	528	82	assets	asset	NOUN
ftr-442	528	83	for	for	ADP
ftr-442	528	84	the	the	DET
ftr-442	528	85	stock	stock	NOUN
ftr-442	528	86	is	be	AUX
ftr-442	528	87	usually	usually	ADV
ftr-442	528	88	a	a	DET
ftr-442	528	89	taxable	taxable	ADJ
ftr-442	528	90	transaction	transaction	NOUN
ftr-442	528	91	.	.	PUNCT
ftr-442	529	1	in	in	ADP
ftr-442	529	2	the	the	DET
ftr-442	529	3	remodeled	remodel	VERB
ftr-442	529	4	subchapter	subchapter	NOUN
ftr-442	529	5	s	s	NOUN
ftr-442	529	6	,	,	PUNCT
ftr-442	529	7	the	the	DET
ftr-442	529	8	corporate	corporate	ADJ
ftr-442	529	9	reorganization	reorganization	NOUN
ftr-442	529	10	rules	rule	NOUN
ftr-442	529	11	would	would	AUX
ftr-442	529	12	apply	apply	VERB
ftr-442	529	13	only	only	ADV
ftr-442	529	14	to	to	ADP
ftr-442	529	15	c	c	NOUN
ftr-442	529	16	entities	entity	NOUN
ftr-442	529	17	,	,	PUNCT
ftr-442	529	18	but	but	CCONJ
ftr-442	529	19	a	a	DET
ftr-442	529	20	greatly	greatly	ADV
ftr-442	529	21	simplified	simplified	ADJ
ftr-442	529	22	set	set	NOUN
ftr-442	529	23	of	of	ADP
ftr-442	529	24	reorganization	reorganization	NOUN
ftr-442	529	25	rules	rule	NOUN
ftr-442	529	26	should	should	AUX
ftr-442	529	27	be	be	AUX
ftr-442	529	28	constructed	construct	VERB
ftr-442	529	29	for	for	ADP
ftr-442	529	30	s	s	PROPN
ftr-442	529	31	entities	entity	NOUN
ftr-442	529	32	.	.	PUNCT
ftr-442	530	1	if	if	SCONJ
ftr-442	530	2	an	an	DET
ftr-442	530	3	s	s	NOUN
ftr-442	530	4	entity	entity	NOUN
ftr-442	530	5	's	's	PART
ftr-442	530	6	form	form	NOUN
ftr-442	530	7	of	of	ADP
ftr-442	530	8	organization	organization	NOUN
ftr-442	530	9	is	be	AUX
ftr-442	530	10	changed	change	VERB
ftr-442	530	11	(	(	PUNCT
ftr-442	530	12	e.g.	e.g.	ADV
ftr-442	530	13	,	,	PUNCT
ftr-442	530	14	a	a	DET
ftr-442	530	15	partnership	partnership	NOUN
ftr-442	530	16	is	be	AUX
ftr-442	530	17	incorporated	incorporate	VERB
ftr-442	530	18	)	)	PUNCT
ftr-442	530	19	,	,	PUNCT
ftr-442	530	20	but	but	CCONJ
ftr-442	530	21	the	the	DET
ftr-442	530	22	65	65	NUM
ftr-442	530	23	.	.	PUNCT
ftr-442	531	1	see	see	VERB
ftr-442	531	2	rev	rev	PROPN
ftr-442	531	3	.	.	PROPN
ftr-442	531	4	rul	rul	NOUN
ftr-442	531	5	.	.	PUNCT
ftr-442	532	1	84	84	NUM
ftr-442	532	2	-	-	SYM
ftr-442	532	3	111	111	NUM
ftr-442	532	4	,	,	PUNCT
ftr-442	532	5	1984	1984	NUM
ftr-442	532	6	-	-	SYM
ftr-442	532	7	2	2	NUM
ftr-442	532	8	,	,	PUNCT
ftr-442	532	9	c.b	c.b	PROPN
ftr-442	532	10	.	.	PROPN
ftr-442	532	11	88	88	NUM
ftr-442	532	12	(	(	PUNCT
ftr-442	532	13	regarding	regard	VERB
ftr-442	532	14	incorporation	incorporation	NOUN
ftr-442	532	15	of	of	ADP
ftr-442	532	16	a	a	DET
ftr-442	532	17	partnership	partnership	NOUN
ftr-442	532	18	)	)	PUNCT
ftr-442	532	19	,	,	PUNCT
ftr-442	532	20	prop	prop	NOUN
ftr-442	532	21	.	.	PUNCT
ftr-442	532	22	regs	regs	PROPN
ftr-442	532	23	.	.	PUNCT
ftr-442	533	1	§	§	PROPN
ftr-442	533	2	301.7701	301.7701	NUM
ftr-442	533	3	-	-	SYM
ftr-442	533	4	3(g)(1)(i	3(g)(1)(i	NUM
ftr-442	533	5	)	)	PUNCT
ftr-442	533	6	,	,	PUNCT
ftr-442	533	7	(	(	PUNCT
ftr-442	533	8	ii	ii	NOUN
ftr-442	533	9	)	)	PUNCT
ftr-442	533	10	(	(	PUNCT
ftr-442	533	11	elective	elective	ADJ
ftr-442	533	12	changes	change	NOUN
ftr-442	533	13	in	in	ADP
ftr-442	533	14	classification	classification	NOUN
ftr-442	533	15	from	from	ADP
ftr-442	533	16	partnership	partnership	NOUN
ftr-442	533	17	to	to	ADP
ftr-442	533	18	association	association	NOUN
ftr-442	533	19	and	and	CCONJ
ftr-442	533	20	from	from	ADP
ftr-442	533	21	association	association	NOUN
ftr-442	533	22	to	to	ADP
ftr-442	533	23	partnership	partnership	NOUN
ftr-442	533	24	)	)	PUNCT
ftr-442	533	25	.	.	PUNCT
ftr-442	534	1	66	66	NUM
ftr-442	534	2	.	.	PUNCT
ftr-442	535	1	see	see	VERB
ftr-442	535	2	irc	irc	PROPN
ftr-442	535	3	§	§	PROPN
ftr-442	535	4	§	§	PROPN
ftr-442	535	5	1368(c	1368(c	NUM
ftr-442	535	6	)	)	PUNCT
ftr-442	535	7	(	(	PUNCT
ftr-442	535	8	distributions	distribution	NOUN
ftr-442	535	9	from	from	ADP
ftr-442	535	10	earnings	earning	NOUN
ftr-442	535	11	and	and	CCONJ
ftr-442	535	12	profits	profit	NOUN
ftr-442	535	13	accumulated	accumulate	VERB
ftr-442	535	14	before	before	ADP
ftr-442	535	15	corporation	corporation	NOUN
ftr-442	535	16	elected	elect	VERB
ftr-442	535	17	under	under	ADP
ftr-442	535	18	subchapter	subchapter	NOUN
ftr-442	535	19	s	s	NOUN
ftr-442	535	20	)	)	PUNCT
ftr-442	535	21	;	;	PUNCT
ftr-442	535	22	1374	1374	NUM
ftr-442	535	23	(	(	PUNCT
ftr-442	535	24	gains	gain	VERB
ftr-442	535	25	inherent	inherent	ADJ
ftr-442	535	26	in	in	ADP
ftr-442	535	27	corporate	corporate	ADJ
ftr-442	535	28	property	property	NOUN
ftr-442	535	29	at	at	ADP
ftr-442	535	30	time	time	NOUN
ftr-442	535	31	of	of	ADP
ftr-442	535	32	s	s	NOUN
ftr-442	535	33	election	election	NOUN
ftr-442	535	34	subject	subject	NOUN
ftr-442	535	35	to	to	ADP
ftr-442	535	36	corporate	corporate	ADJ
ftr-442	535	37	tax	tax	NOUN
ftr-442	535	38	if	if	SCONJ
ftr-442	535	39	recognized	recognize	VERB
ftr-442	535	40	by	by	ADP
ftr-442	535	41	corporation	corporation	NOUN
ftr-442	535	42	within	within	ADP
ftr-442	535	43	first	first	ADJ
ftr-442	535	44	10	10	NUM
ftr-442	535	45	years	year	NOUN
ftr-442	535	46	of	of	ADP
ftr-442	535	47	election	election	NOUN
ftr-442	535	48	)	)	PUNCT
ftr-442	535	49	;	;	PUNCT
ftr-442	535	50	1375	1375	NUM
ftr-442	535	51	(	(	PUNCT
ftr-442	535	52	passive	passive	ADJ
ftr-442	535	53	investment	investment	NOUN
ftr-442	535	54	income	income	NOUN
ftr-442	535	55	of	of	ADP
ftr-442	535	56	former	former	ADJ
ftr-442	535	57	c	c	PROPN
ftr-442	535	58	corporation	corporation	NOUN
ftr-442	535	59	subject	subject	ADJ
ftr-442	535	60	to	to	ADP
ftr-442	535	61	corporate	corporate	ADJ
ftr-442	535	62	tax	tax	NOUN
ftr-442	535	63	to	to	PART
ftr-442	535	64	extent	extent	VERB
ftr-442	535	65	this	this	DET
ftr-442	535	66	income	income	NOUN
ftr-442	535	67	exceeds	exceed	VERB
ftr-442	535	68	25	25	NUM
ftr-442	535	69	%	%	NOUN
ftr-442	535	70	of	of	ADP
ftr-442	535	71	corporate	corporate	ADJ
ftr-442	535	72	gross	gross	ADJ
ftr-442	535	73	receipts	receipt	NOUN
ftr-442	535	74	)	)	PUNCT
ftr-442	535	75	.	.	PUNCT
ftr-442	536	1	67	67	NUM
ftr-442	536	2	.	.	PUNCT
ftr-442	536	3	irc	irc	PROPN
ftr-442	536	4	§	§	PROPN
ftr-442	536	5	1371(a	1371(a	NUM
ftr-442	536	6	)	)	PUNCT
ftr-442	536	7	.	.	PUNCT
ftr-442	537	1	68	68	NUM
ftr-442	537	2	.	.	PUNCT
ftr-442	537	3	see	see	VERB
ftr-442	537	4	irc	irc	PROPN
ftr-442	537	5	§	§	PROPN
ftr-442	537	6	§	§	PROPN
ftr-442	537	7	354(a	354(a	PROPN
ftr-442	537	8	)	)	PUNCT
ftr-442	537	9	,	,	PUNCT
ftr-442	537	10	361	361	NUM
ftr-442	537	11	,	,	PUNCT
ftr-442	537	12	368(a)(1)(c	368(a)(1)(c	NUM
ftr-442	537	13	)	)	PUNCT
ftr-442	537	14	.	.	PUNCT
ftr-442	538	1	19991	19991	NUM
ftr-442	538	2	florida	florida	PROPN
ftr-442	538	3	tax	tax	NOUN
ftr-442	538	4	review	review	NOUN
ftr-442	538	5	proportionate	proportionate	ADJ
ftr-442	538	6	interests	interest	NOUN
ftr-442	538	7	of	of	ADP
ftr-442	538	8	the	the	DET
ftr-442	538	9	owners	owner	NOUN
ftr-442	538	10	are	be	AUX
ftr-442	538	11	unchanged	unchanged	ADJ
ftr-442	538	12	,	,	PUNCT
ftr-442	538	13	the	the	DET
ftr-442	538	14	new	new	ADJ
ftr-442	538	15	entity	entity	NOUN
ftr-442	538	16	should	should	AUX
ftr-442	538	17	be	be	AUX
ftr-442	538	18	treated	treat	VERB
ftr-442	538	19	as	as	ADP
ftr-442	538	20	a	a	DET
ftr-442	538	21	continuation	continuation	NOUN
ftr-442	538	22	of	of	ADP
ftr-442	538	23	the	the	DET
ftr-442	538	24	old	old	ADJ
ftr-442	538	25	entity	entity	NOUN
ftr-442	538	26	.	.	PUNCT
ftr-442	539	1	if	if	SCONJ
ftr-442	539	2	the	the	DET
ftr-442	539	3	assets	asset	NOUN
ftr-442	539	4	of	of	ADP
ftr-442	539	5	two	two	NUM
ftr-442	539	6	s	s	PART
ftr-442	539	7	entities	entity	NOUN
ftr-442	539	8	are	be	AUX
ftr-442	539	9	combined	combine	VERB
ftr-442	539	10	into	into	ADP
ftr-442	539	11	one	one	NUM
ftr-442	539	12	entity	entity	NOUN
ftr-442	539	13	,	,	PUNCT
ftr-442	539	14	neither	neither	CCONJ
ftr-442	539	15	entity	entity	NOUN
ftr-442	539	16	nor	nor	CCONJ
ftr-442	539	17	its	its	PRON
ftr-442	539	18	equity	equity	NOUN
ftr-442	539	19	owners	owner	NOUN
ftr-442	539	20	should	should	AUX
ftr-442	539	21	recognize	recognize	VERB
ftr-442	539	22	gain	gain	NOUN
ftr-442	539	23	or	or	CCONJ
ftr-442	539	24	loss	loss	NOUN
ftr-442	539	25	if	if	SCONJ
ftr-442	539	26	the	the	DET
ftr-442	539	27	consideration	consideration	NOUN
ftr-442	539	28	received	receive	VERB
ftr-442	539	29	by	by	ADP
ftr-442	539	30	the	the	DET
ftr-442	539	31	owners	owner	NOUN
ftr-442	539	32	consists	consist	VERB
ftr-442	539	33	solely	solely	ADV
ftr-442	539	34	of	of	ADP
ftr-442	539	35	equity	equity	NOUN
ftr-442	539	36	interests	interest	NOUN
ftr-442	539	37	in	in	ADP
ftr-442	539	38	the	the	DET
ftr-442	539	39	surviving	survive	VERB
ftr-442	539	40	entity	entity	NOUN
ftr-442	539	41	.	.	PUNCT
ftr-442	540	1	a	a	DET
ftr-442	540	2	division	division	NOUN
ftr-442	540	3	of	of	ADP
ftr-442	540	4	one	one	NUM
ftr-442	540	5	s	s	PART
ftr-442	540	6	entity	entity	NOUN
ftr-442	540	7	into	into	ADP
ftr-442	540	8	two	two	NUM
ftr-442	540	9	or	or	CCONJ
ftr-442	540	10	more	more	ADJ
ftr-442	540	11	s	s	NOUN
ftr-442	540	12	entities	entity	NOUN
ftr-442	540	13	should	should	AUX
ftr-442	540	14	also	also	ADV
ftr-442	540	15	be	be	AUX
ftr-442	540	16	a	a	DET
ftr-442	540	17	nonrecognition	nonrecognition	NOUN
ftr-442	540	18	transaction	transaction	NOUN
ftr-442	540	19	if	if	SCONJ
ftr-442	540	20	none	none	NOUN
ftr-442	540	21	of	of	ADP
ftr-442	540	22	the	the	DET
ftr-442	540	23	equity	equity	NOUN
ftr-442	540	24	owners	owner	NOUN
ftr-442	540	25	receives	receive	VERB
ftr-442	540	26	anything	anything	PRON
ftr-442	540	27	but	but	SCONJ
ftr-442	540	28	equity	equity	NOUN
ftr-442	540	29	interests	interest	NOUN
ftr-442	540	30	in	in	ADP
ftr-442	540	31	the	the	DET
ftr-442	540	32	surviving	survive	VERB
ftr-442	540	33	entities	entity	NOUN
ftr-442	540	34	.	.	PUNCT
ftr-442	541	1	if	if	SCONJ
ftr-442	541	2	a	a	DET
ftr-442	541	3	transaction	transaction	NOUN
ftr-442	541	4	would	would	AUX
ftr-442	541	5	be	be	AUX
ftr-442	541	6	within	within	ADP
ftr-442	541	7	either	either	PRON
ftr-442	541	8	of	of	ADP
ftr-442	541	9	the	the	DET
ftr-442	541	10	foregoing	forego	VERB
ftr-442	541	11	rules	rule	NOUN
ftr-442	541	12	,	,	PUNCT
ftr-442	541	13	except	except	SCONJ
ftr-442	541	14	that	that	PRON
ftr-442	541	15	one	one	NUM
ftr-442	541	16	or	or	CCONJ
ftr-442	541	17	more	more	ADJ
ftr-442	541	18	equity	equity	NOUN
ftr-442	541	19	owners	owner	NOUN
ftr-442	541	20	receives	receive	VERB
ftr-442	541	21	consideration	consideration	NOUN
ftr-442	541	22	other	other	ADJ
ftr-442	541	23	than	than	ADP
ftr-442	541	24	equity	equity	NOUN
ftr-442	541	25	interests	interest	NOUN
ftr-442	541	26	in	in	ADP
ftr-442	541	27	a	a	DET
ftr-442	541	28	surviving	survive	VERB
ftr-442	541	29	entity	entity	NOUN
ftr-442	541	30	,	,	PUNCT
ftr-442	541	31	the	the	DET
ftr-442	541	32	owners	owner	NOUN
ftr-442	541	33	receiving	receive	VERB
ftr-442	541	34	nonqualifying	nonqualifying	NOUN
ftr-442	541	35	consideration	consideration	NOUN
ftr-442	541	36	should	should	AUX
ftr-442	541	37	be	be	AUX
ftr-442	541	38	taxed	tax	VERB
ftr-442	541	39	as	as	SCONJ
ftr-442	541	40	though	though	SCONJ
ftr-442	541	41	they	they	PRON
ftr-442	541	42	had	have	AUX
ftr-442	541	43	sold	sell	VERB
ftr-442	541	44	their	their	PRON
ftr-442	541	45	prior	prior	ADJ
ftr-442	541	46	interests	interest	NOUN
ftr-442	541	47	at	at	ADP
ftr-442	541	48	fair	fair	ADJ
ftr-442	541	49	market	market	NOUN
ftr-442	541	50	value	value	NOUN
ftr-442	541	51	,	,	PUNCT
ftr-442	541	52	but	but	CCONJ
ftr-442	541	53	the	the	DET
ftr-442	541	54	remaining	remain	VERB
ftr-442	541	55	participants	participant	NOUN
ftr-442	541	56	in	in	ADP
ftr-442	541	57	the	the	DET
ftr-442	541	58	transaction	transaction	NOUN
ftr-442	541	59	should	should	AUX
ftr-442	541	60	not	not	PART
ftr-442	541	61	recognize	recognize	VERB
ftr-442	541	62	gain	gain	NOUN
ftr-442	541	63	or	or	CCONJ
ftr-442	541	64	loss	loss	NOUN
ftr-442	541	65	.	.	PUNCT
ftr-442	542	1	in	in	ADP
ftr-442	542	2	contrast	contrast	NOUN
ftr-442	542	3	,	,	PUNCT
ftr-442	542	4	an	an	DET
ftr-442	542	5	acquisition	acquisition	NOUN
ftr-442	542	6	of	of	ADP
ftr-442	542	7	an	an	DET
ftr-442	542	8	s	s	NOUN
ftr-442	542	9	entity	entity	NOUN
ftr-442	542	10	by	by	ADP
ftr-442	542	11	a	a	DET
ftr-442	542	12	c	c	NOUN
ftr-442	542	13	entity	entity	NOUN
ftr-442	542	14	,	,	PUNCT
ftr-442	542	15	or	or	CCONJ
ftr-442	542	16	vice	vice	NOUN
ftr-442	542	17	versa	versa	ADV
ftr-442	542	18	,	,	PUNCT
ftr-442	542	19	would	would	AUX
ftr-442	542	20	be	be	AUX
ftr-442	542	21	treated	treat	VERB
ftr-442	542	22	as	as	ADP
ftr-442	542	23	a	a	DET
ftr-442	542	24	complete	complete	ADJ
ftr-442	542	25	liquidation	liquidation	NOUN
ftr-442	542	26	of	of	ADP
ftr-442	542	27	the	the	DET
ftr-442	542	28	acquired	acquire	VERB
ftr-442	542	29	entity	entity	NOUN
ftr-442	542	30	,	,	PUNCT
ftr-442	542	31	followed	follow	VERB
ftr-442	542	32	by	by	ADP
ftr-442	542	33	a	a	DET
ftr-442	542	34	transfer	transfer	NOUN
ftr-442	542	35	of	of	ADP
ftr-442	542	36	its	its	PRON
ftr-442	542	37	assets	asset	NOUN
ftr-442	542	38	to	to	ADP
ftr-442	542	39	the	the	DET
ftr-442	542	40	acquiring	acquire	VERB
ftr-442	542	41	entity	entity	NOUN
ftr-442	542	42	.	.	PUNCT
ftr-442	543	1	c.	c.	PROPN
ftr-442	543	2	subchapter	subchapter	PROPN
ftr-442	543	3	c	c	PROPN
ftr-442	543	4	under	under	ADP
ftr-442	543	5	the	the	DET
ftr-442	543	6	proposed	propose	VERB
ftr-442	543	7	model	model	NOUN
ftr-442	543	8	,	,	PUNCT
ftr-442	543	9	all	all	DET
ftr-442	543	10	business	business	NOUN
ftr-442	543	11	entities	entity	NOUN
ftr-442	543	12	not	not	PART
ftr-442	543	13	covered	cover	VERB
ftr-442	543	14	by	by	ADP
ftr-442	543	15	subchapter	subchapter	NOUN
ftr-442	543	16	k	k	PROPN
ftr-442	543	17	or	or	CCONJ
ftr-442	543	18	s	s	PROPN
ftr-442	543	19	would	would	AUX
ftr-442	543	20	be	be	AUX
ftr-442	543	21	subject	subject	ADJ
ftr-442	543	22	to	to	ADP
ftr-442	543	23	subchapter	subchapter	NOUN
ftr-442	543	24	c.	c.	NOUN
ftr-442	543	25	except	except	SCONJ
ftr-442	543	26	for	for	ADP
ftr-442	543	27	entities	entity	NOUN
ftr-442	543	28	qualifying	qualify	VERB
ftr-442	543	29	for	for	ADP
ftr-442	543	30	s	s	PART
ftr-442	543	31	status	status	NOUN
ftr-442	543	32	and	and	CCONJ
ftr-442	543	33	not	not	PART
ftr-442	543	34	electing	elect	VERB
ftr-442	543	35	c	c	PROPN
ftr-442	543	36	status	status	NOUN
ftr-442	543	37	,	,	PUNCT
ftr-442	543	38	this	this	DET
ftr-442	543	39	category	category	NOUN
ftr-442	543	40	would	would	AUX
ftr-442	543	41	include	include	VERB
ftr-442	543	42	all	all	DET
ftr-442	543	43	entities	entity	NOUN
ftr-442	543	44	with	with	ADP
ftr-442	543	45	publicly	publicly	ADV
ftr-442	543	46	traded	trade	VERB
ftr-442	543	47	interests	interest	NOUN
ftr-442	543	48	(	(	PUNCT
ftr-442	543	49	essentially	essentially	ADV
ftr-442	543	50	as	as	ADP
ftr-442	543	51	under	under	ADP
ftr-442	543	52	present	present	ADJ
ftr-442	543	53	law	law	NOUN
ftr-442	543	54	)	)	PUNCT
ftr-442	543	55	and	and	CCONJ
ftr-442	543	56	any	any	DET
ftr-442	543	57	entity	entity	NOUN
ftr-442	543	58	with	with	ADP
ftr-442	543	59	two	two	NUM
ftr-442	543	60	or	or	CCONJ
ftr-442	543	61	more	more	ADJ
ftr-442	543	62	owners	owner	NOUN
ftr-442	543	63	whose	whose	DET
ftr-442	543	64	capital	capital	NOUN
ftr-442	543	65	is	be	AUX
ftr-442	543	66	a	a	DET
ftr-442	543	67	material	material	NOUN
ftr-442	543	68	factor	factor	NOUN
ftr-442	543	69	in	in	ADP
ftr-442	543	70	the	the	DET
ftr-442	543	71	production	production	NOUN
ftr-442	543	72	of	of	ADP
ftr-442	543	73	its	its	PRON
ftr-442	543	74	income	income	NOUN
ftr-442	543	75	.	.	PUNCT
ftr-442	544	1	form	form	NOUN
ftr-442	544	2	of	of	ADP
ftr-442	544	3	organization	organization	NOUN
ftr-442	544	4	would	would	AUX
ftr-442	544	5	not	not	PART
ftr-442	544	6	be	be	AUX
ftr-442	544	7	a	a	DET
ftr-442	544	8	factor	factor	NOUN
ftr-442	544	9	in	in	ADP
ftr-442	544	10	determining	determine	VERB
ftr-442	544	11	whether	whether	SCONJ
ftr-442	544	12	subchapter	subchapter	NOUN
ftr-442	544	13	c	c	NOUN
ftr-442	544	14	applies	apply	VERB
ftr-442	544	15	to	to	ADP
ftr-442	544	16	an	an	DET
ftr-442	544	17	entity	entity	NOUN
ftr-442	544	18	.	.	PUNCT
ftr-442	545	1	the	the	DET
ftr-442	545	2	reasons	reason	NOUN
ftr-442	545	3	for	for	ADP
ftr-442	545	4	this	this	DET
ftr-442	545	5	radical	radical	ADJ
ftr-442	545	6	restructuring	restructuring	NOUN
ftr-442	545	7	of	of	ADP
ftr-442	545	8	the	the	DET
ftr-442	545	9	tax	tax	NOUN
ftr-442	545	10	classification	classification	NOUN
ftr-442	545	11	of	of	ADP
ftr-442	545	12	business	business	NOUN
ftr-442	545	13	entities	entity	NOUN
ftr-442	545	14	do	do	AUX
ftr-442	545	15	not	not	PART
ftr-442	545	16	require	require	VERB
ftr-442	545	17	that	that	SCONJ
ftr-442	545	18	the	the	DET
ftr-442	545	19	double	double	ADJ
ftr-442	545	20	tax	tax	NOUN
ftr-442	545	21	regime	regime	NOUN
ftr-442	545	22	presently	presently	ADV
ftr-442	545	23	visited	visit	VERB
ftr-442	545	24	on	on	ADP
ftr-442	545	25	c	c	NOUN
ftr-442	545	26	entities	entity	NOUN
ftr-442	545	27	should	should	AUX
ftr-442	545	28	apply	apply	VERB
ftr-442	545	29	to	to	ADP
ftr-442	545	30	entities	entity	NOUN
ftr-442	545	31	newly	newly	ADV
ftr-442	545	32	reclassified	reclassify	VERB
ftr-442	545	33	into	into	ADP
ftr-442	545	34	subchapter	subchapter	NOUN
ftr-442	545	35	c.	c.	NOUN
ftr-442	545	36	for	for	ADP
ftr-442	545	37	example	example	NOUN
ftr-442	545	38	,	,	PUNCT
ftr-442	545	39	although	although	SCONJ
ftr-442	545	40	a	a	DET
ftr-442	545	41	complex	complex	ADJ
ftr-442	545	42	partnership	partnership	NOUN
ftr-442	545	43	can	can	AUX
ftr-442	545	44	not	not	PART
ftr-442	545	45	reasonably	reasonably	ADV
ftr-442	545	46	be	be	AUX
ftr-442	545	47	treated	treat	VERB
ftr-442	545	48	as	as	ADP
ftr-442	545	49	a	a	DET
ftr-442	545	50	conduit	conduit	NOUN
ftr-442	545	51	for	for	ADP
ftr-442	545	52	income	income	NOUN
ftr-442	545	53	tax	tax	NOUN
ftr-442	545	54	purposes	purpose	NOUN
ftr-442	545	55	,	,	PUNCT
ftr-442	545	56	the	the	DET
ftr-442	545	57	complexities	complexity	NOUN
ftr-442	545	58	of	of	ADP
ftr-442	545	59	the	the	DET
ftr-442	545	60	partners	partner	NOUN
ftr-442	545	61	'	'	PART
ftr-442	545	62	sharing	sharing	NOUN
ftr-442	545	63	arrangements	arrangement	NOUN
ftr-442	545	64	provide	provide	VERB
ftr-442	545	65	no	no	DET
ftr-442	545	66	reason	reason	NOUN
ftr-442	545	67	for	for	ADP
ftr-442	545	68	taxing	tax	VERB
ftr-442	545	69	the	the	DET
ftr-442	545	70	partnership	partnership	NOUN
ftr-442	545	71	's	's	PART
ftr-442	545	72	income	income	NOUN
ftr-442	545	73	both	both	PRON
ftr-442	545	74	to	to	ADP
ftr-442	545	75	the	the	DET
ftr-442	545	76	partnership	partnership	NOUN
ftr-442	545	77	as	as	SCONJ
ftr-442	545	78	earned	earn	VERB
ftr-442	545	79	and	and	CCONJ
ftr-442	545	80	to	to	ADP
ftr-442	545	81	the	the	DET
ftr-442	545	82	partners	partner	NOUN
ftr-442	545	83	when	when	SCONJ
ftr-442	545	84	distributed	distribute	VERB
ftr-442	545	85	.	.	PUNCT
ftr-442	546	1	it	it	PRON
ftr-442	546	2	is	be	AUX
ftr-442	546	3	proposed	propose	VERB
ftr-442	546	4	that	that	SCONJ
ftr-442	546	5	such	such	DET
ftr-442	546	6	a	a	DET
ftr-442	546	7	partnership	partnership	NOUN
ftr-442	546	8	be	be	AUX
ftr-442	546	9	classified	classify	VERB
ftr-442	546	10	as	as	ADP
ftr-442	546	11	a	a	DET
ftr-442	546	12	c	c	NOUN
ftr-442	546	13	entity	entity	NOUN
ftr-442	546	14	only	only	ADV
ftr-442	546	15	because	because	SCONJ
ftr-442	546	16	the	the	DET
ftr-442	546	17	futility	futility	NOUN
ftr-442	546	18	of	of	ADP
ftr-442	546	19	any	any	DET
ftr-442	546	20	effort	effort	NOUN
ftr-442	546	21	to	to	PART
ftr-442	546	22	allocate	allocate	VERB
ftr-442	546	23	its	its	PRON
ftr-442	546	24	income	income	NOUN
ftr-442	546	25	realistically	realistically	ADV
ftr-442	546	26	among	among	ADP
ftr-442	546	27	the	the	DET
ftr-442	546	28	partners	partner	NOUN
ftr-442	546	29	requires	require	VERB
ftr-442	546	30	that	that	SCONJ
ftr-442	546	31	tax	tax	NOUN
ftr-442	546	32	on	on	ADP
ftr-442	546	33	the	the	DET
ftr-442	546	34	income	income	NOUN
ftr-442	546	35	be	be	AUX
ftr-442	546	36	imposed	impose	VERB
ftr-442	546	37	at	at	ADP
ftr-442	546	38	the	the	DET
ftr-442	546	39	entity	entity	NOUN
ftr-442	546	40	level	level	NOUN
ftr-442	546	41	,	,	PUNCT
ftr-442	546	42	not	not	PART
ftr-442	546	43	the	the	DET
ftr-442	546	44	partner	partner	NOUN
ftr-442	546	45	level	level	NOUN
ftr-442	546	46	.	.	PUNCT
ftr-442	547	1	on	on	ADP
ftr-442	547	2	the	the	DET
ftr-442	547	3	other	other	ADJ
ftr-442	547	4	hand	hand	NOUN
ftr-442	547	5	,	,	PUNCT
ftr-442	547	6	a	a	DET
ftr-442	547	7	reshuffling	reshuffling	NOUN
ftr-442	547	8	of	of	ADP
ftr-442	547	9	the	the	DET
ftr-442	547	10	tax	tax	NOUN
ftr-442	547	11	classification	classification	NOUN
ftr-442	547	12	of	of	ADP
ftr-442	547	13	private	private	ADJ
ftr-442	547	14	business	business	NOUN
ftr-442	547	15	entities	entity	NOUN
ftr-442	547	16	is	be	AUX
ftr-442	547	17	not	not	PART
ftr-442	547	18	necessarily	necessarily	ADV
ftr-442	547	19	the	the	DET
ftr-442	547	20	appropriate	appropriate	ADJ
ftr-442	547	21	occasion	occasion	NOUN
ftr-442	547	22	for	for	ADP
ftr-442	547	23	an	an	DET
ftr-442	547	24	abandonment	abandonment	NOUN
ftr-442	547	25	of	of	ADP
ftr-442	547	26	the	the	DET
ftr-442	547	27	classical	classical	ADJ
ftr-442	547	28	,	,	PUNCT
ftr-442	547	29	double	double	ADJ
ftr-442	547	30	tax	tax	NOUN
ftr-442	547	31	regime	regime	NOUN
ftr-442	547	32	for	for	ADP
ftr-442	547	33	publicly	publicly	ADV
ftr-442	547	34	held	hold	VERB
ftr-442	547	35	entities	entity	NOUN
ftr-442	547	36	.	.	PUNCT
ftr-442	548	1	under	under	ADP
ftr-442	548	2	present	present	ADJ
ftr-442	548	3	law	law	NOUN
ftr-442	548	4	,	,	PUNCT
ftr-442	548	5	this	this	DET
ftr-442	548	6	regime	regime	NOUN
ftr-442	548	7	generally	generally	ADV
ftr-442	548	8	applies	apply	VERB
ftr-442	548	9	to	to	ADP
ftr-442	548	10	entities	entity	NOUN
ftr-442	548	11	with	with	ADP
ftr-442	548	12	publicly	publicly	ADV
ftr-442	548	13	[	[	X
ftr-442	548	14	vol	vol	NOUN
ftr-442	548	15	4:3	4:3	NUM
ftr-442	548	16	taxation	taxation	NOUN
ftr-442	548	17	of	of	ADP
ftr-442	548	18	private	private	ADJ
ftr-442	548	19	business	business	NOUN
ftr-442	548	20	firms	firm	NOUN
ftr-442	548	21	traded	trade	VERB
ftr-442	548	22	interests	interest	NOUN
ftr-442	548	23	,	,	PUNCT
ftr-442	548	24	regardless	regardless	ADV
ftr-442	548	25	of	of	ADP
ftr-442	548	26	form	form	NOUN
ftr-442	548	27	of	of	ADP
ftr-442	548	28	organization	organization	NOUN
ftr-442	548	29	.	.	PUNCT
ftr-442	549	1	69	69	NUM
ftr-442	549	2	this	this	DET
ftr-442	549	3	situation	situation	NOUN
ftr-442	549	4	should	should	AUX
ftr-442	549	5	continue	continue	VERB
ftr-442	549	6	until	until	SCONJ
ftr-442	549	7	congress	congress	PROPN
ftr-442	549	8	undertakes	undertake	VERB
ftr-442	549	9	the	the	DET
ftr-442	549	10	separable	separable	ADJ
ftr-442	549	11	task	task	NOUN
ftr-442	549	12	of	of	ADP
ftr-442	549	13	reexamining	reexamine	VERB
ftr-442	549	14	its	its	PRON
ftr-442	549	15	commitment	commitment	NOUN
ftr-442	549	16	to	to	ADP
ftr-442	549	17	the	the	DET
ftr-442	549	18	regime	regime	NOUN
ftr-442	549	19	.	.	PUNCT
ftr-442	550	1	however	however	ADV
ftr-442	550	2	,	,	PUNCT
ftr-442	550	3	given	give	VERB
ftr-442	550	4	the	the	DET
ftr-442	550	5	artificiality	artificiality	NOUN
ftr-442	550	6	of	of	ADP
ftr-442	550	7	distinguishing	distinguish	VERB
ftr-442	550	8	for	for	ADP
ftr-442	550	9	tax	tax	NOUN
ftr-442	550	10	purposes	purpose	NOUN
ftr-442	550	11	between	between	ADP
ftr-442	550	12	partnerships	partnership	NOUN
ftr-442	550	13	,	,	PUNCT
ftr-442	550	14	corporations	corporation	NOUN
ftr-442	550	15	,	,	PUNCT
ftr-442	550	16	and	and	CCONJ
ftr-442	550	17	business	business	NOUN
ftr-442	550	18	entities	entity	NOUN
ftr-442	550	19	organized	organize	VERB
ftr-442	550	20	in	in	ADP
ftr-442	550	21	other	other	ADJ
ftr-442	550	22	ways	way	NOUN
ftr-442	550	23	,	,	PUNCT
ftr-442	550	24	a	a	DET
ftr-442	550	25	single	single	ADJ
ftr-442	550	26	level	level	NOUN
ftr-442	550	27	of	of	ADP
ftr-442	550	28	tax	tax	NOUN
ftr-442	550	29	,	,	PUNCT
ftr-442	550	30	not	not	PART
ftr-442	550	31	a	a	DET
ftr-442	550	32	double	double	ADJ
ftr-442	550	33	tax	tax	NOUN
ftr-442	550	34	,	,	PUNCT
ftr-442	550	35	should	should	AUX
ftr-442	550	36	apply	apply	VERB
ftr-442	550	37	to	to	ADP
ftr-442	550	38	all	all	DET
ftr-442	550	39	nonpublic	nonpublic	ADJ
ftr-442	550	40	business	business	NOUN
ftr-442	550	41	firms	firm	NOUN
ftr-442	550	42	.	.	PUNCT
ftr-442	551	1	it	it	PRON
ftr-442	551	2	is	be	AUX
ftr-442	551	3	therefore	therefore	ADV
ftr-442	551	4	proposed	propose	VERB
ftr-442	551	5	that	that	SCONJ
ftr-442	551	6	1	1	X
ftr-442	551	7	.	.	X
ftr-442	552	1	any	any	DET
ftr-442	552	2	c	c	NOUN
ftr-442	552	3	entity	entity	NOUN
ftr-442	552	4	having	have	VERB
ftr-442	552	5	at	at	ADV
ftr-442	552	6	least	least	ADV
ftr-442	552	7	one	one	NUM
ftr-442	552	8	class	class	NOUN
ftr-442	552	9	of	of	ADP
ftr-442	552	10	publicly	publicly	ADV
ftr-442	552	11	traded	trade	VERB
ftr-442	552	12	equity	equity	NOUN
ftr-442	552	13	interest	interest	NOUN
ftr-442	552	14	and	and	CCONJ
ftr-442	552	15	the	the	DET
ftr-442	552	16	holders	holder	NOUN
ftr-442	552	17	of	of	ADP
ftr-442	552	18	its	its	PRON
ftr-442	552	19	equity	equity	NOUN
ftr-442	552	20	interests	interest	NOUN
ftr-442	552	21	should	should	AUX
ftr-442	552	22	continue	continue	VERB
ftr-442	552	23	to	to	PART
ftr-442	552	24	be	be	AUX
ftr-442	552	25	subject	subject	ADJ
ftr-442	552	26	the	the	DET
ftr-442	552	27	double	double	ADJ
ftr-442	552	28	tax	tax	NOUN
ftr-442	552	29	regime	regime	NOUN
ftr-442	552	30	,	,	PUNCT
ftr-442	552	31	and	and	CCONJ
ftr-442	552	32	debt	debt	NOUN
ftr-442	552	33	issued	issue	VERB
ftr-442	552	34	by	by	ADP
ftr-442	552	35	the	the	DET
ftr-442	552	36	entity	entity	NOUN
ftr-442	552	37	would	would	AUX
ftr-442	552	38	remain	remain	VERB
ftr-442	552	39	subject	subject	ADJ
ftr-442	552	40	to	to	ADP
ftr-442	552	41	the	the	DET
ftr-442	552	42	present	present	ADJ
ftr-442	552	43	rules	rule	NOUN
ftr-442	552	44	for	for	ADP
ftr-442	552	45	debt	debt	NOUN
ftr-442	552	46	.	.	PUNCT
ftr-442	553	1	2	2	X
ftr-442	553	2	.	.	X
ftr-442	553	3	all	all	DET
ftr-442	553	4	other	other	ADJ
ftr-442	553	5	c	c	NOUN
ftr-442	553	6	entities	entity	NOUN
ftr-442	553	7	should	should	AUX
ftr-442	553	8	be	be	AUX
ftr-442	553	9	taxed	tax	VERB
ftr-442	553	10	at	at	ADP
ftr-442	553	11	a	a	DET
ftr-442	553	12	flat	flat	ADJ
ftr-442	553	13	rate	rate	NOUN
ftr-442	553	14	equal	equal	ADJ
ftr-442	553	15	to	to	ADP
ftr-442	553	16	the	the	DET
ftr-442	553	17	highest	high	ADJ
ftr-442	553	18	marginal	marginal	ADJ
ftr-442	553	19	rate	rate	NOUN
ftr-442	553	20	for	for	ADP
ftr-442	553	21	individuals	individual	NOUN
ftr-442	553	22	(	(	PUNCT
ftr-442	553	23	presently	presently	ADV
ftr-442	553	24	,	,	PUNCT
ftr-442	553	25	39.6	39.6	NUM
ftr-442	553	26	%	%	NOUN
ftr-442	553	27	)	)	PUNCT
ftr-442	553	28	.	.	PUNCT
ftr-442	554	1	3	3	X
ftr-442	554	2	.	.	NOUN
ftr-442	554	3	nonpublic	nonpublic	PROPN
ftr-442	554	4	c	c	PROPN
ftr-442	554	5	entities	entity	NOUN
ftr-442	554	6	should	should	AUX
ftr-442	554	7	be	be	AUX
ftr-442	554	8	allowed	allow	VERB
ftr-442	554	9	no	no	DET
ftr-442	554	10	deduction	deduction	NOUN
ftr-442	554	11	for	for	ADP
ftr-442	554	12	interest	interest	NOUN
ftr-442	554	13	expense	expense	NOUN
ftr-442	554	14	,	,	PUNCT
ftr-442	554	15	but	but	CCONJ
ftr-442	554	16	consistent	consistent	ADJ
ftr-442	554	17	with	with	ADP
ftr-442	554	18	the	the	DET
ftr-442	554	19	single	single	ADJ
ftr-442	554	20	-	-	PUNCT
ftr-442	554	21	tax	tax	NOUN
ftr-442	554	22	objective	objective	NOUN
ftr-442	554	23	of	of	ADP
ftr-442	554	24	this	this	DET
ftr-442	554	25	model	model	NOUN
ftr-442	554	26	,	,	PUNCT
ftr-442	554	27	interest	interest	NOUN
ftr-442	554	28	,	,	PUNCT
ftr-442	554	29	dividends	dividend	NOUN
ftr-442	554	30	,	,	PUNCT
ftr-442	554	31	and	and	CCONJ
ftr-442	554	32	other	other	ADJ
ftr-442	554	33	distributions	distribution	NOUN
ftr-442	554	34	from	from	ADP
ftr-442	554	35	other	other	ADJ
ftr-442	554	36	nonpublic	nonpublic	NOUN
ftr-442	554	37	c	c	NOUN
ftr-442	554	38	entities	entity	NOUN
ftr-442	554	39	should	should	AUX
ftr-442	554	40	be	be	AUX
ftr-442	554	41	excluded	exclude	VERB
ftr-442	554	42	from	from	ADP
ftr-442	554	43	gross	gross	ADJ
ftr-442	554	44	income	income	NOUN
ftr-442	554	45	.	.	PUNCT
ftr-442	555	1	4	4	X
ftr-442	555	2	.	.	X
ftr-442	555	3	holders	holder	NOUN
ftr-442	555	4	of	of	ADP
ftr-442	555	5	equity	equity	NOUN
ftr-442	555	6	and	and	CCONJ
ftr-442	555	7	debt	debt	NOUN
ftr-442	555	8	instruments	instrument	NOUN
ftr-442	555	9	issued	issue	VERB
ftr-442	555	10	by	by	ADP
ftr-442	555	11	nonpublic	nonpublic	ADJ
ftr-442	555	12	c	c	NOUN
ftr-442	555	13	entities	entity	NOUN
ftr-442	555	14	should	should	AUX
ftr-442	555	15	be	be	AUX
ftr-442	555	16	exempted	exempt	VERB
ftr-442	555	17	from	from	ADP
ftr-442	555	18	tax	tax	NOUN
ftr-442	555	19	on	on	ADP
ftr-442	555	20	interest	interest	NOUN
ftr-442	555	21	,	,	PUNCT
ftr-442	555	22	dividends	dividend	NOUN
ftr-442	555	23	,	,	PUNCT
ftr-442	555	24	and	and	CCONJ
ftr-442	555	25	other	other	ADJ
ftr-442	555	26	distributions	distribution	NOUN
ftr-442	555	27	from	from	ADP
ftr-442	555	28	the	the	DET
ftr-442	555	29	entities	entity	NOUN
ftr-442	555	30	.	.	PUNCT
ftr-442	556	1	the	the	DET
ftr-442	556	2	system	system	NOUN
ftr-442	556	3	proposed	propose	VERB
ftr-442	556	4	for	for	ADP
ftr-442	556	5	nonpublic	nonpublic	ADJ
ftr-442	556	6	c	c	NOUN
ftr-442	556	7	entities	entity	NOUN
ftr-442	556	8	is	be	AUX
ftr-442	556	9	essentially	essentially	ADV
ftr-442	556	10	the	the	DET
ftr-442	556	11	comprehensive	comprehensive	ADJ
ftr-442	556	12	business	business	NOUN
ftr-442	556	13	income	income	NOUN
ftr-442	556	14	tax	tax	NOUN
ftr-442	556	15	(	(	PUNCT
ftr-442	556	16	cbit	cbit	NOUN
ftr-442	556	17	)	)	PUNCT
ftr-442	556	18	suggested	suggest	VERB
ftr-442	556	19	by	by	ADP
ftr-442	556	20	the	the	DET
ftr-442	556	21	treasury	treasury	NOUN
ftr-442	556	22	in	in	ADP
ftr-442	556	23	1992	1992	NUM
ftr-442	556	24	for	for	ADP
ftr-442	556	25	all	all	DET
ftr-442	556	26	c	c	PROPN
ftr-442	556	27	entities.70	entities.70	ADJ
ftr-442	556	28	according	accord	VERB
ftr-442	556	29	to	to	ADP
ftr-442	556	30	the	the	DET
ftr-442	556	31	treasury	treasury	NOUN
ftr-442	556	32	,	,	PUNCT
ftr-442	556	33	"	"	PUNCT
ftr-442	556	34	cbit	cbit	NOUN
ftr-442	556	35	would	would	AUX
ftr-442	556	36	equate	equate	VERB
ftr-442	556	37	the	the	DET
ftr-442	556	38	treatment	treatment	NOUN
ftr-442	556	39	of	of	ADP
ftr-442	556	40	debt	debt	NOUN
ftr-442	556	41	and	and	CCONJ
ftr-442	556	42	equity	equity	NOUN
ftr-442	556	43	,	,	PUNCT
ftr-442	556	44	would	would	AUX
ftr-442	556	45	tax	tax	VERB
ftr-442	556	46	corporate	corporate	ADJ
ftr-442	556	47	and	and	CCONJ
ftr-442	556	48	noncorporate	noncorporate	ADJ
ftr-442	556	49	businesses	business	NOUN
ftr-442	556	50	alike	alike	ADV
ftr-442	556	51	,	,	PUNCT
ftr-442	556	52	and	and	CCONJ
ftr-442	556	53	would	would	AUX
ftr-442	556	54	significantly	significantly	ADV
ftr-442	556	55	reduce	reduce	VERB
ftr-442	556	56	the	the	DET
ftr-442	556	57	tax	tax	NOUN
ftr-442	556	58	distortions	distortion	NOUN
ftr-442	556	59	between	between	ADP
ftr-442	556	60	retained	retain	VERB
ftr-442	556	61	and	and	CCONJ
ftr-442	556	62	distributed	distribute	VERB
ftr-442	556	63	earnings	earning	NOUN
ftr-442	556	64	.	.	PUNCT
ftr-442	557	1	"	"	PUNCT
ftr-442	557	2	'	'	PUNCT
ftr-442	557	3	"	"	PUNCT
ftr-442	557	4	the	the	DET
ftr-442	557	5	cbit	cbit	NOUN
ftr-442	557	6	is	be	AUX
ftr-442	557	7	not	not	PART
ftr-442	557	8	,	,	PUNCT
ftr-442	557	9	of	of	ADP
ftr-442	557	10	course	course	NOUN
ftr-442	557	11	,	,	PUNCT
ftr-442	557	12	a	a	DET
ftr-442	557	13	simple	simple	ADJ
ftr-442	557	14	,	,	PUNCT
ftr-442	557	15	perfect	perfect	ADJ
ftr-442	557	16	solution	solution	NOUN
ftr-442	557	17	to	to	ADP
ftr-442	557	18	the	the	DET
ftr-442	557	19	problem	problem	NOUN
ftr-442	557	20	of	of	ADP
ftr-442	557	21	double	double	ADJ
ftr-442	557	22	taxation.72	taxation.72	NOUN
ftr-442	557	23	for	for	ADP
ftr-442	557	24	example	example	NOUN
ftr-442	557	25	,	,	PUNCT
ftr-442	557	26	it	it	PRON
ftr-442	557	27	is	be	AUX
ftr-442	557	28	not	not	PART
ftr-442	557	29	obvious	obvious	ADJ
ftr-442	557	30	how	how	SCONJ
ftr-442	557	31	gains	gain	NOUN
ftr-442	557	32	and	and	CCONJ
ftr-442	557	33	losses	loss	NOUN
ftr-442	557	34	on	on	ADP
ftr-442	557	35	69	69	NUM
ftr-442	557	36	.	.	PUNCT
ftr-442	558	1	see	see	VERB
ftr-442	558	2	irc	irc	PROPN
ftr-442	558	3	§	§	PROPN
ftr-442	558	4	7704	7704	NUM
ftr-442	558	5	(	(	PUNCT
ftr-442	558	6	partnership	partnership	NOUN
ftr-442	558	7	treated	treat	VERB
ftr-442	558	8	as	as	ADP
ftr-442	558	9	corporation	corporation	NOUN
ftr-442	558	10	for	for	ADP
ftr-442	558	11	federal	federal	ADJ
ftr-442	558	12	tax	tax	NOUN
ftr-442	558	13	purposes	purpose	NOUN
ftr-442	558	14	if	if	SCONJ
ftr-442	558	15	partnership	partnership	NOUN
ftr-442	558	16	interests	interest	NOUN
ftr-442	558	17	are	be	AUX
ftr-442	558	18	traded	trade	VERB
ftr-442	558	19	on	on	ADP
ftr-442	558	20	established	establish	VERB
ftr-442	558	21	securities	security	NOUN
ftr-442	558	22	market	market	NOUN
ftr-442	558	23	or	or	CCONJ
ftr-442	558	24	readily	readily	ADV
ftr-442	558	25	tradable	tradable	ADJ
ftr-442	558	26	on	on	ADP
ftr-442	558	27	secondary	secondary	ADJ
ftr-442	558	28	market	market	NOUN
ftr-442	558	29	)	)	PUNCT
ftr-442	558	30	.	.	PUNCT
ftr-442	559	1	70	70	X
ftr-442	559	2	.	.	PUNCT
ftr-442	560	1	see	see	VERB
ftr-442	560	2	u.s	u.s	PROPN
ftr-442	560	3	.	.	PROPN
ftr-442	560	4	dep't	dep't	NOUN
ftr-442	560	5	of	of	ADP
ftr-442	560	6	the	the	DET
ftr-442	560	7	treasury	treasury	NOUN
ftr-442	560	8	,	,	PUNCT
ftr-442	560	9	integration	integration	NOUN
ftr-442	560	10	of	of	ADP
ftr-442	560	11	the	the	DET
ftr-442	560	12	individual	individual	ADJ
ftr-442	560	13	and	and	CCONJ
ftr-442	560	14	corporate	corporate	ADJ
ftr-442	560	15	tax	tax	NOUN
ftr-442	560	16	systems	system	NOUN
ftr-442	560	17	:	:	PUNCT
ftr-442	560	18	taxing	tax	VERB
ftr-442	560	19	business	business	NOUN
ftr-442	560	20	income	income	NOUN
ftr-442	560	21	once	once	ADV
ftr-442	560	22	,	,	PUNCT
ftr-442	560	23	39	39	NUM
ftr-442	560	24	-	-	SYM
ftr-442	560	25	60	60	NUM
ftr-442	560	26	(	(	PUNCT
ftr-442	560	27	1992	1992	NUM
ftr-442	560	28	)	)	PUNCT
ftr-442	561	1	[	[	X
ftr-442	561	2	hereinafter	hereinafter	NOUN
ftr-442	561	3	treasury	treasury	PROPN
ftr-442	561	4	studyl	studyl	PROPN
ftr-442	561	5	.	.	PUNCT
ftr-442	562	1	71	71	NUM
ftr-442	562	2	.	.	PUNCT
ftr-442	563	1	i	i	PRON
ftr-442	563	2	d.	d.	PROPN
ftr-442	563	3	at	at	ADP
ftr-442	563	4	39	39	NUM
ftr-442	563	5	.	.	PUNCT
ftr-442	564	1	72	72	NUM
ftr-442	564	2	.	.	PUNCT
ftr-442	565	1	another	another	DET
ftr-442	565	2	problem	problem	NOUN
ftr-442	565	3	addressed	address	VERB
ftr-442	565	4	by	by	ADP
ftr-442	565	5	the	the	DET
ftr-442	565	6	treasury	treasury	PROPN
ftr-442	565	7	study	study	NOUN
ftr-442	565	8	is	be	AUX
ftr-442	565	9	that	that	SCONJ
ftr-442	565	10	the	the	DET
ftr-442	565	11	cbit	cbit	NOUN
ftr-442	565	12	,	,	PUNCT
ftr-442	565	13	without	without	ADP
ftr-442	565	14	some	some	DET
ftr-442	565	15	modification	modification	NOUN
ftr-442	565	16	,	,	PUNCT
ftr-442	565	17	would	would	AUX
ftr-442	565	18	allow	allow	VERB
ftr-442	565	19	equity	equity	NOUN
ftr-442	565	20	owners	owner	NOUN
ftr-442	565	21	to	to	PART
ftr-442	565	22	enjoy	enjoy	VERB
ftr-442	565	23	indirectly	indirectly	ADV
ftr-442	565	24	the	the	DET
ftr-442	565	25	benefits	benefit	NOUN
ftr-442	565	26	of	of	ADP
ftr-442	565	27	all	all	DET
ftr-442	565	28	tax	tax	NOUN
ftr-442	565	29	preferences	preference	NOUN
ftr-442	565	30	available	available	ADJ
ftr-442	565	31	to	to	ADP
ftr-442	565	32	the	the	DET
ftr-442	565	33	entity	entity	NOUN
ftr-442	565	34	,	,	PUNCT
ftr-442	565	35	whereas	whereas	ADV
ftr-442	565	36	,	,	PUNCT
ftr-442	565	37	under	under	ADP
ftr-442	565	38	present	present	ADJ
ftr-442	565	39	law	law	NOUN
ftr-442	565	40	,	,	PUNCT
ftr-442	565	41	shareholders	shareholder	NOUN
ftr-442	565	42	of	of	ADP
ftr-442	565	43	c	c	PROPN
ftr-442	565	44	corporations	corporation	NOUN
ftr-442	565	45	are	be	AUX
ftr-442	565	46	usually	usually	ADV
ftr-442	565	47	taxed	tax	VERB
ftr-442	565	48	when	when	SCONJ
ftr-442	565	49	corporate	corporate	ADJ
ftr-442	565	50	income	income	NOUN
ftr-442	565	51	protected	protect	VERB
ftr-442	565	52	by	by	ADP
ftr-442	565	53	tax	tax	NOUN
ftr-442	565	54	preferences	preference	NOUN
ftr-442	565	55	is	be	AUX
ftr-442	565	56	distributed	distribute	VERB
ftr-442	565	57	as	as	ADP
ftr-442	565	58	dividends	dividend	NOUN
ftr-442	565	59	.	.	PUNCT
ftr-442	566	1	the	the	DET
ftr-442	566	2	treasury	treasury	NOUN
ftr-442	566	3	proposed	propose	VERB
ftr-442	566	4	to	to	PART
ftr-442	566	5	preserve	preserve	VERB
ftr-442	566	6	the	the	DET
ftr-442	566	7	status	status	NOUN
ftr-442	566	8	quo	quo	NOUN
ftr-442	566	9	on	on	ADP
ftr-442	566	10	this	this	DET
ftr-442	566	11	issue	issue	NOUN
ftr-442	566	12	by	by	ADP
ftr-442	566	13	imposing	impose	VERB
ftr-442	566	14	an	an	DET
ftr-442	566	15	19991	19991	NUM
ftr-442	566	16	florida	florida	PROPN
ftr-442	566	17	tax	tax	NOUN
ftr-442	566	18	review	review	NOUN
ftr-442	566	19	sales	sale	NOUN
ftr-442	566	20	of	of	ADP
ftr-442	566	21	equity	equity	NOUN
ftr-442	566	22	interests	interest	NOUN
ftr-442	566	23	should	should	AUX
ftr-442	566	24	be	be	AUX
ftr-442	566	25	treated	treat	VERB
ftr-442	566	26	under	under	ADP
ftr-442	566	27	a	a	DET
ftr-442	566	28	cbit	cbit	NOUN
ftr-442	566	29	.	.	PUNCT
ftr-442	567	1	to	to	ADP
ftr-442	567	2	the	the	DET
ftr-442	567	3	extent	extent	NOUN
ftr-442	567	4	that	that	SCONJ
ftr-442	567	5	the	the	DET
ftr-442	567	6	enhanced	enhanced	ADJ
ftr-442	567	7	value	value	NOUN
ftr-442	567	8	of	of	ADP
ftr-442	567	9	an	an	DET
ftr-442	567	10	equity	equity	NOUN
ftr-442	567	11	interest	interest	NOUN
ftr-442	567	12	derives	derive	VERB
ftr-442	567	13	from	from	ADP
ftr-442	567	14	undistributed	undistributed	ADJ
ftr-442	567	15	income	income	NOUN
ftr-442	567	16	of	of	ADP
ftr-442	567	17	the	the	DET
ftr-442	567	18	entity	entity	NOUN
ftr-442	567	19	,	,	PUNCT
ftr-442	567	20	an	an	DET
ftr-442	567	21	entity	entity	NOUN
ftr-442	567	22	-	-	PUNCT
ftr-442	567	23	level	level	NOUN
ftr-442	567	24	tax	tax	NOUN
ftr-442	567	25	has	have	AUX
ftr-442	567	26	effectively	effectively	ADV
ftr-442	567	27	already	already	ADV
ftr-442	567	28	been	be	AUX
ftr-442	567	29	paid	pay	VERB
ftr-442	567	30	on	on	ADP
ftr-442	567	31	the	the	DET
ftr-442	567	32	equity	equity	NOUN
ftr-442	567	33	holder	holder	NOUN
ftr-442	567	34	's	's	PART
ftr-442	567	35	gain	gain	NOUN
ftr-442	567	36	,	,	PUNCT
ftr-442	567	37	and	and	CCONJ
ftr-442	567	38	a	a	DET
ftr-442	567	39	tax	tax	NOUN
ftr-442	567	40	on	on	ADP
ftr-442	567	41	the	the	DET
ftr-442	567	42	gain	gain	NOUN
ftr-442	567	43	would	would	AUX
ftr-442	567	44	therefore	therefore	ADV
ftr-442	567	45	violate	violate	VERB
ftr-442	567	46	the	the	DET
ftr-442	567	47	goal	goal	NOUN
ftr-442	567	48	of	of	ADP
ftr-442	567	49	taxing	tax	VERB
ftr-442	567	50	the	the	DET
ftr-442	567	51	entity	entity	NOUN
ftr-442	567	52	's	's	PART
ftr-442	567	53	income	income	NOUN
ftr-442	567	54	only	only	ADV
ftr-442	567	55	once	once	ADV
ftr-442	567	56	.	.	PUNCT
ftr-442	568	1	on	on	ADP
ftr-442	568	2	the	the	DET
ftr-442	568	3	other	other	ADJ
ftr-442	568	4	hand	hand	NOUN
ftr-442	568	5	,	,	PUNCT
ftr-442	568	6	to	to	ADP
ftr-442	568	7	the	the	DET
ftr-442	568	8	extent	extent	NOUN
ftr-442	568	9	that	that	SCONJ
ftr-442	568	10	the	the	DET
ftr-442	568	11	enhanced	enhanced	ADJ
ftr-442	568	12	value	value	NOUN
ftr-442	568	13	derives	derive	VERB
ftr-442	568	14	from	from	ADP
ftr-442	568	15	unrealized	unrealized	ADJ
ftr-442	568	16	gains	gain	NOUN
ftr-442	568	17	in	in	ADP
ftr-442	568	18	the	the	DET
ftr-442	568	19	entity	entity	NOUN
ftr-442	568	20	's	's	PART
ftr-442	568	21	assets	asset	NOUN
ftr-442	568	22	,	,	PUNCT
ftr-442	568	23	an	an	DET
ftr-442	568	24	exemption	exemption	NOUN
ftr-442	568	25	of	of	ADP
ftr-442	568	26	the	the	DET
ftr-442	568	27	owner	owner	NOUN
ftr-442	568	28	's	's	PART
ftr-442	568	29	gain	gain	NOUN
ftr-442	568	30	from	from	ADP
ftr-442	568	31	tax	tax	NOUN
ftr-442	568	32	would	would	AUX
ftr-442	568	33	allow	allow	VERB
ftr-442	568	34	the	the	DET
ftr-442	568	35	owner	owner	NOUN
ftr-442	568	36	to	to	PART
ftr-442	568	37	cash	cash	VERB
ftr-442	568	38	out	out	ADP
ftr-442	568	39	his	his	PRON
ftr-442	568	40	or	or	CCONJ
ftr-442	568	41	her	her	PRON
ftr-442	568	42	share	share	NOUN
ftr-442	568	43	of	of	ADP
ftr-442	568	44	the	the	DET
ftr-442	568	45	unrealized	unrealized	ADJ
ftr-442	568	46	gains	gain	NOUN
ftr-442	568	47	without	without	ADP
ftr-442	568	48	tax	tax	NOUN
ftr-442	568	49	.	.	PUNCT
ftr-442	569	1	although	although	SCONJ
ftr-442	569	2	the	the	DET
ftr-442	569	3	gains	gain	NOUN
ftr-442	569	4	may	may	AUX
ftr-442	569	5	subsequently	subsequently	ADV
ftr-442	569	6	be	be	AUX
ftr-442	569	7	taxed	tax	VERB
ftr-442	569	8	to	to	ADP
ftr-442	569	9	the	the	DET
ftr-442	569	10	entity	entity	NOUN
ftr-442	569	11	when	when	SCONJ
ftr-442	569	12	it	it	PRON
ftr-442	569	13	sells	sell	VERB
ftr-442	569	14	the	the	DET
ftr-442	569	15	assets	asset	NOUN
ftr-442	569	16	,	,	PUNCT
ftr-442	569	17	the	the	DET
ftr-442	569	18	law	law	NOUN
ftr-442	569	19	has	have	AUX
ftr-442	569	20	not	not	PART
ftr-442	569	21	historically	historically	ADV
ftr-442	569	22	allowed	allow	VERB
ftr-442	569	23	the	the	DET
ftr-442	569	24	taxation	taxation	NOUN
ftr-442	569	25	of	of	ADP
ftr-442	569	26	gain	gain	NOUN
ftr-442	569	27	to	to	PART
ftr-442	569	28	be	be	AUX
ftr-442	569	29	delayed	delay	VERB
ftr-442	569	30	beyond	beyond	ADP
ftr-442	569	31	the	the	DET
ftr-442	569	32	time	time	NOUN
ftr-442	569	33	when	when	SCONJ
ftr-442	569	34	the	the	DET
ftr-442	569	35	beneficial	beneficial	ADJ
ftr-442	569	36	owner	owner	NOUN
ftr-442	569	37	receives	receive	VERB
ftr-442	569	38	cash	cash	NOUN
ftr-442	569	39	for	for	ADP
ftr-442	569	40	it	it	PRON
ftr-442	569	41	.	.	PUNCT
ftr-442	570	1	the	the	DET
ftr-442	570	2	treasury	treasury	NOUN
ftr-442	570	3	proposed	propose	VERB
ftr-442	570	4	to	to	PART
ftr-442	570	5	solve	solve	VERB
ftr-442	570	6	this	this	DET
ftr-442	570	7	problem	problem	NOUN
ftr-442	570	8	by	by	ADP
ftr-442	570	9	taxing	tax	VERB
ftr-442	570	10	gains	gain	NOUN
ftr-442	570	11	on	on	ADP
ftr-442	570	12	sales	sale	NOUN
ftr-442	570	13	of	of	ADP
ftr-442	570	14	equity	equity	NOUN
ftr-442	570	15	interests	interest	NOUN
ftr-442	570	16	,	,	PUNCT
ftr-442	570	17	and	and	CCONJ
ftr-442	570	18	allowing	allow	VERB
ftr-442	570	19	deductions	deduction	NOUN
ftr-442	570	20	for	for	ADP
ftr-442	570	21	losses	loss	NOUN
ftr-442	570	22	,	,	PUNCT
ftr-442	570	23	as	as	ADP
ftr-442	570	24	under	under	ADP
ftr-442	570	25	present	present	ADJ
ftr-442	570	26	law	law	NOUN
ftr-442	570	27	,	,	PUNCT
ftr-442	570	28	but	but	CCONJ
ftr-442	570	29	adopting	adopt	VERB
ftr-442	570	30	a	a	DET
ftr-442	570	31	dividend	dividend	NOUN
ftr-442	570	32	reinvestment	reinvestment	NOUN
ftr-442	570	33	plan	plan	NOUN
ftr-442	570	34	(	(	PUNCT
ftr-442	570	35	drip	drip	NOUN
ftr-442	570	36	)	)	PUNCT
ftr-442	570	37	procedure	procedure	NOUN
ftr-442	570	38	that	that	PRON
ftr-442	570	39	would	would	AUX
ftr-442	570	40	allow	allow	VERB
ftr-442	570	41	entities	entity	NOUN
ftr-442	570	42	to	to	PART
ftr-442	570	43	treat	treat	VERB
ftr-442	570	44	parts	part	NOUN
ftr-442	570	45	or	or	CCONJ
ftr-442	570	46	all	all	PRON
ftr-442	570	47	of	of	ADP
ftr-442	570	48	their	their	PRON
ftr-442	570	49	earnings	earning	NOUN
ftr-442	570	50	as	as	ADP
ftr-442	570	51	having	having	AUX
ftr-442	570	52	been	be	AUX
ftr-442	570	53	distributed	distribute	VERB
ftr-442	570	54	and	and	CCONJ
ftr-442	570	55	reinvested	reinveste	VERB
ftr-442	570	56	by	by	ADP
ftr-442	570	57	the	the	DET
ftr-442	570	58	equity	equity	NOUN
ftr-442	570	59	owners.73	owners.73	NOUN
ftr-442	570	60	the	the	DET
ftr-442	570	61	drip	drip	NOUN
ftr-442	570	62	procedure	procedure	NOUN
ftr-442	570	63	would	would	AUX
ftr-442	570	64	have	have	VERB
ftr-442	570	65	the	the	DET
ftr-442	570	66	effect	effect	NOUN
ftr-442	570	67	of	of	ADP
ftr-442	570	68	increasing	increase	VERB
ftr-442	570	69	the	the	DET
ftr-442	570	70	tax	tax	NOUN
ftr-442	570	71	bases	basis	NOUN
ftr-442	570	72	of	of	ADP
ftr-442	570	73	equity	equity	NOUN
ftr-442	570	74	interests	interest	NOUN
ftr-442	570	75	by	by	ADP
ftr-442	570	76	the	the	DET
ftr-442	570	77	amounts	amount	NOUN
ftr-442	570	78	deemed	deem	VERB
ftr-442	570	79	distributed	distribute	VERB
ftr-442	570	80	.	.	PUNCT
ftr-442	571	1	as	as	SCONJ
ftr-442	571	2	professor	professor	PROPN
ftr-442	571	3	yin	yin	PROPN
ftr-442	571	4	points	point	VERB
ftr-442	571	5	out	out	ADP
ftr-442	571	6	,	,	PUNCT
ftr-442	571	7	the	the	DET
ftr-442	571	8	drip	drip	NOUN
ftr-442	571	9	procedure	procedure	NOUN
ftr-442	571	10	is	be	AUX
ftr-442	571	11	not	not	PART
ftr-442	571	12	problem	problem	NOUN
ftr-442	571	13	-	-	PUNCT
ftr-442	571	14	free	free	ADJ
ftr-442	571	15	in	in	ADP
ftr-442	571	16	this	this	DET
ftr-442	571	17	model	model	NOUN
ftr-442	571	18	.	.	PUNCT
ftr-442	572	1	74	74	NUM
ftr-442	572	2	many	many	ADJ
ftr-442	572	3	nonpublic	nonpublic	ADJ
ftr-442	572	4	c	c	NOUN
ftr-442	572	5	entities	entity	NOUN
ftr-442	572	6	are	be	AUX
ftr-442	572	7	so	so	ADV
ftr-442	572	8	classified	classified	ADJ
ftr-442	572	9	in	in	ADP
ftr-442	572	10	the	the	DET
ftr-442	572	11	model	model	NOUN
ftr-442	572	12	because	because	SCONJ
ftr-442	572	13	their	their	PRON
ftr-442	572	14	owners	owner	NOUN
ftr-442	572	15	have	have	AUX
ftr-442	572	16	adopted	adopt	VERB
ftr-442	572	17	complex	complex	ADJ
ftr-442	572	18	schemes	scheme	NOUN
ftr-442	572	19	for	for	ADP
ftr-442	572	20	sharing	share	VERB
ftr-442	572	21	profits	profit	NOUN
ftr-442	572	22	and	and	CCONJ
ftr-442	572	23	losses	loss	NOUN
ftr-442	572	24	.	.	PUNCT
ftr-442	573	1	for	for	ADP
ftr-442	573	2	them	they	PRON
ftr-442	573	3	,	,	PUNCT
ftr-442	573	4	the	the	DET
ftr-442	573	5	imposition	imposition	NOUN
ftr-442	573	6	of	of	ADP
ftr-442	573	7	entity	entity	NOUN
ftr-442	573	8	-	-	PUNCT
ftr-442	573	9	level	level	NOUN
ftr-442	573	10	tax	tax	NOUN
ftr-442	573	11	is	be	AUX
ftr-442	573	12	justified	justify	VERB
ftr-442	573	13	by	by	ADP
ftr-442	573	14	the	the	DET
ftr-442	573	15	fact	fact	NOUN
ftr-442	573	16	that	that	SCONJ
ftr-442	573	17	conduit	conduit	VERB
ftr-442	573	18	taxation	taxation	NOUN
ftr-442	573	19	,	,	PUNCT
ftr-442	573	20	based	base	VERB
ftr-442	573	21	on	on	ADP
ftr-442	573	22	allocations	allocation	NOUN
ftr-442	573	23	of	of	ADP
ftr-442	573	24	entity	entity	NOUN
ftr-442	573	25	income	income	NOUN
ftr-442	573	26	among	among	ADP
ftr-442	573	27	the	the	DET
ftr-442	573	28	owners	owner	NOUN
ftr-442	573	29	,	,	PUNCT
ftr-442	573	30	would	would	AUX
ftr-442	573	31	be	be	AUX
ftr-442	573	32	artificial	artificial	ADJ
ftr-442	573	33	and	and	CCONJ
ftr-442	573	34	susceptible	susceptible	ADJ
ftr-442	573	35	to	to	ADP
ftr-442	573	36	manipulation	manipulation	NOUN
ftr-442	573	37	.	.	PUNCT
ftr-442	574	1	a	a	DET
ftr-442	574	2	drip	drip	NOUN
ftr-442	574	3	procedure	procedure	NOUN
ftr-442	574	4	could	could	AUX
ftr-442	574	5	be	be	AUX
ftr-442	574	6	implemented	implement	VERB
ftr-442	574	7	only	only	ADV
ftr-442	574	8	by	by	ADP
ftr-442	574	9	making	make	VERB
ftr-442	574	10	such	such	DET
ftr-442	574	11	an	an	DET
ftr-442	574	12	artificial	artificial	ADJ
ftr-442	574	13	allocation	allocation	NOUN
ftr-442	574	14	.	.	PUNCT
ftr-442	575	1	the	the	DET
ftr-442	575	2	potential	potential	NOUN
ftr-442	575	3	for	for	ADP
ftr-442	575	4	manipulation	manipulation	NOUN
ftr-442	575	5	could	could	AUX
ftr-442	575	6	be	be	AUX
ftr-442	575	7	reduced	reduce	VERB
ftr-442	575	8	by	by	ADP
ftr-442	575	9	allowing	allow	VERB
ftr-442	575	10	a	a	DET
ftr-442	575	11	drip	drip	NOUN
ftr-442	575	12	election	election	NOUN
ftr-442	575	13	for	for	ADP
ftr-442	575	14	a	a	DET
ftr-442	575	15	particular	particular	ADJ
ftr-442	575	16	year	year	NOUN
ftr-442	575	17	to	to	PART
ftr-442	575	18	apply	apply	VERB
ftr-442	575	19	only	only	ADV
ftr-442	575	20	to	to	PART
ftr-442	575	21	income	income	VERB
ftr-442	575	22	for	for	ADP
ftr-442	575	23	that	that	DET
ftr-442	575	24	year	year	NOUN
ftr-442	575	25	,	,	PUNCT
ftr-442	575	26	thus	thus	ADV
ftr-442	575	27	precluding	preclude	VERB
ftr-442	575	28	entities	entity	NOUN
ftr-442	575	29	from	from	ADP
ftr-442	575	30	allocating	allocate	VERB
ftr-442	575	31	earnings	earning	NOUN
ftr-442	575	32	for	for	ADP
ftr-442	575	33	several	several	ADJ
ftr-442	575	34	years	year	NOUN
ftr-442	575	35	only	only	ADV
ftr-442	575	36	after	after	SCONJ
ftr-442	575	37	it	it	PRON
ftr-442	575	38	is	be	AUX
ftr-442	575	39	clear	clear	ADJ
ftr-442	575	40	how	how	SCONJ
ftr-442	575	41	the	the	DET
ftr-442	575	42	additional	additional	ADJ
ftr-442	575	43	compensatory	compensatory	ADJ
ftr-442	575	44	corporate	corporate	ADJ
ftr-442	575	45	tax	tax	NOUN
ftr-442	575	46	on	on	ADP
ftr-442	575	47	distributions	distribution	NOUN
ftr-442	575	48	of	of	ADP
ftr-442	575	49	preference	preference	NOUN
ftr-442	575	50	income	income	NOUN
ftr-442	575	51	.	.	PUNCT
ftr-442	576	1	see	see	VERB
ftr-442	576	2	treasury	treasury	PROPN
ftr-442	576	3	study	study	PROPN
ftr-442	576	4	,	,	PUNCT
ftr-442	576	5	supra	supra	PROPN
ftr-442	576	6	note	note	PROPN
ftr-442	576	7	70	70	NUM
ftr-442	576	8	,	,	PUNCT
ftr-442	576	9	at	at	ADP
ftr-442	576	10	43	43	NUM
ftr-442	576	11	-	-	SYM
ftr-442	576	12	45	45	NUM
ftr-442	576	13	.	.	PUNCT
ftr-442	577	1	see	see	VERB
ftr-442	577	2	i	i	PRON
ftr-442	577	3	d.	d.	PROPN
ftr-442	577	4	at	at	ADP
ftr-442	577	5	45	45	NUM
ftr-442	577	6	-	-	SYM
ftr-442	577	7	48	48	NUM
ftr-442	577	8	(	(	PUNCT
ftr-442	577	9	proposing	propose	VERB
ftr-442	577	10	to	to	PART
ftr-442	577	11	treat	treat	VERB
ftr-442	577	12	foreign	foreign	ADJ
ftr-442	577	13	income	income	NOUN
ftr-442	577	14	insulated	insulate	VERB
ftr-442	577	15	from	from	ADP
ftr-442	577	16	u.s	u.s	PROPN
ftr-442	577	17	.	.	PROPN
ftr-442	577	18	tax	tax	NOUN
ftr-442	577	19	by	by	ADP
ftr-442	577	20	foreign	foreign	ADJ
ftr-442	577	21	tax	tax	NOUN
ftr-442	577	22	credit	credit	NOUN
ftr-442	577	23	as	as	ADP
ftr-442	577	24	corporate	corporate	ADJ
ftr-442	577	25	preference	preference	NOUN
ftr-442	577	26	income	income	NOUN
ftr-442	577	27	)	)	PUNCT
ftr-442	577	28	.	.	PUNCT
ftr-442	578	1	the	the	DET
ftr-442	578	2	compensatory	compensatory	ADJ
ftr-442	578	3	tax	tax	NOUN
ftr-442	578	4	would	would	AUX
ftr-442	578	5	be	be	AUX
ftr-442	578	6	complex	complex	ADJ
ftr-442	578	7	,	,	PUNCT
ftr-442	578	8	and	and	CCONJ
ftr-442	578	9	it	it	PRON
ftr-442	578	10	probably	probably	ADV
ftr-442	578	11	is	be	AUX
ftr-442	578	12	not	not	PART
ftr-442	578	13	needed	need	VERB
ftr-442	578	14	in	in	ADP
ftr-442	578	15	this	this	DET
ftr-442	578	16	model	model	NOUN
ftr-442	578	17	.	.	PUNCT
ftr-442	579	1	although	although	SCONJ
ftr-442	579	2	the	the	DET
ftr-442	579	3	treasury	treasury	NOUN
ftr-442	579	4	proposed	propose	VERB
ftr-442	579	5	the	the	DET
ftr-442	579	6	cbit	cbit	NOUN
ftr-442	579	7	for	for	ADP
ftr-442	579	8	all	all	DET
ftr-442	579	9	business	business	NOUN
ftr-442	579	10	entities	entity	NOUN
ftr-442	579	11	(	(	PUNCT
ftr-442	579	12	excepting	except	VERB
ftr-442	579	13	only	only	ADV
ftr-442	579	14	those	those	PRON
ftr-442	579	15	with	with	ADP
ftr-442	579	16	annual	annual	ADJ
ftr-442	579	17	gross	gross	ADJ
ftr-442	579	18	receipts	receipt	NOUN
ftr-442	579	19	less	less	ADJ
ftr-442	579	20	than	than	ADP
ftr-442	579	21	$	$	SYM
ftr-442	579	22	100,000	100,000	NUM
ftr-442	579	23	)	)	PUNCT
ftr-442	579	24	,	,	PUNCT
ftr-442	579	25	the	the	DET
ftr-442	579	26	present	present	ADJ
ftr-442	579	27	proposal	proposal	NOUN
ftr-442	579	28	uses	use	VERB
ftr-442	579	29	the	the	DET
ftr-442	579	30	cbit	cbit	NOUN
ftr-442	579	31	only	only	ADV
ftr-442	579	32	for	for	ADP
ftr-442	579	33	private	private	ADJ
ftr-442	579	34	business	business	NOUN
ftr-442	579	35	entities	entity	NOUN
ftr-442	579	36	,	,	PUNCT
ftr-442	579	37	nearly	nearly	ADV
ftr-442	579	38	all	all	PRON
ftr-442	579	39	of	of	ADP
ftr-442	579	40	which	which	PRON
ftr-442	579	41	are	be	AUX
ftr-442	579	42	or	or	CCONJ
ftr-442	579	43	could	could	AUX
ftr-442	579	44	be	be	AUX
ftr-442	579	45	organized	organize	VERB
ftr-442	579	46	as	as	ADP
ftr-442	579	47	partnerships	partnership	NOUN
ftr-442	579	48	or	or	CCONJ
ftr-442	579	49	other	other	ADJ
ftr-442	579	50	entities	entity	NOUN
ftr-442	579	51	presently	presently	ADV
ftr-442	579	52	eligible	eligible	ADJ
ftr-442	579	53	to	to	PART
ftr-442	579	54	be	be	AUX
ftr-442	579	55	taxed	tax	VERB
ftr-442	579	56	as	as	ADP
ftr-442	579	57	partnerships	partnership	NOUN
ftr-442	579	58	.	.	PUNCT
ftr-442	580	1	since	since	SCONJ
ftr-442	580	2	partners	partner	NOUN
ftr-442	580	3	have	have	AUX
ftr-442	580	4	always	always	ADV
ftr-442	580	5	had	have	VERB
ftr-442	580	6	the	the	DET
ftr-442	580	7	benefit	benefit	NOUN
ftr-442	580	8	of	of	ADP
ftr-442	580	9	tax	tax	NOUN
ftr-442	580	10	preferences	preference	NOUN
ftr-442	580	11	available	available	ADJ
ftr-442	580	12	to	to	ADP
ftr-442	580	13	the	the	DET
ftr-442	580	14	partnership	partnership	NOUN
ftr-442	580	15	,	,	PUNCT
ftr-442	580	16	a	a	DET
ftr-442	580	17	cbit	cbit	NOUN
ftr-442	580	18	without	without	ADP
ftr-442	580	19	the	the	DET
ftr-442	580	20	compensatory	compensatory	ADJ
ftr-442	580	21	preference	preference	NOUN
ftr-442	580	22	tax	tax	NOUN
ftr-442	580	23	would	would	AUX
ftr-442	580	24	not	not	PART
ftr-442	580	25	significantly	significantly	ADV
ftr-442	580	26	broaden	broaden	VERB
ftr-442	580	27	the	the	DET
ftr-442	580	28	enjoyment	enjoyment	NOUN
ftr-442	580	29	of	of	ADP
ftr-442	580	30	tax	tax	NOUN
ftr-442	580	31	preferences	preference	NOUN
ftr-442	580	32	.	.	PUNCT
ftr-442	581	1	73	73	NUM
ftr-442	581	2	.	.	PUNCT
ftr-442	582	1	see	see	VERB
ftr-442	582	2	treasury	treasury	PROPN
ftr-442	582	3	study	study	PROPN
ftr-442	582	4	,	,	PUNCT
ftr-442	582	5	supra	supra	PROPN
ftr-442	582	6	note	note	PROPN
ftr-442	582	7	70	70	NUM
ftr-442	582	8	,	,	PUNCT
ftr-442	582	9	at	at	ADP
ftr-442	582	10	81	81	NUM
ftr-442	582	11	-	-	SYM
ftr-442	582	12	88	88	NUM
ftr-442	582	13	.	.	PUNCT
ftr-442	583	1	74	74	NUM
ftr-442	583	2	.	.	PUNCT
ftr-442	584	1	see	see	VERB
ftr-442	584	2	yin	yin	PROPN
ftr-442	584	3	,	,	PUNCT
ftr-442	584	4	supra	supra	PROPN
ftr-442	584	5	note	note	PROPN
ftr-442	584	6	14	14	NUM
ftr-442	584	7	,	,	PUNCT
ftr-442	584	8	at	at	ADP
ftr-442	584	9	text	text	NOUN
ftr-442	584	10	accompanying	accompany	VERB
ftr-442	584	11	notes	note	NOUN
ftr-442	584	12	74	74	NUM
ftr-442	584	13	-	-	SYM
ftr-442	584	14	76	76	NUM
ftr-442	584	15	.	.	PUNCT
ftr-442	585	1	[	[	X
ftr-442	585	2	vol	vol	NOUN
ftr-442	585	3	.	.	PUNCT
ftr-442	585	4	4:3	4:3	NUM
ftr-442	585	5	taxation	taxation	NOUN
ftr-442	585	6	of	of	ADP
ftr-442	585	7	private	private	ADJ
ftr-442	585	8	business	business	NOUN
ftr-442	585	9	firms	firm	NOUN
ftr-442	585	10	allocation	allocation	NOUN
ftr-442	585	11	would	would	AUX
ftr-442	585	12	advantage	advantage	VERB
ftr-442	585	13	the	the	DET
ftr-442	585	14	owners.75	owners.75	PROPN
ftr-442	585	15	however	however	ADV
ftr-442	585	16	,	,	PUNCT
ftr-442	585	17	the	the	DET
ftr-442	585	18	arbitrariness	arbitrariness	NOUN
ftr-442	585	19	and	and	CCONJ
ftr-442	585	20	manipulation	manipulation	NOUN
ftr-442	585	21	potential	potential	NOUN
ftr-442	585	22	of	of	ADP
ftr-442	585	23	the	the	DET
ftr-442	585	24	required	require	VERB
ftr-442	585	25	allocations	allocation	NOUN
ftr-442	585	26	can	can	AUX
ftr-442	585	27	not	not	PART
ftr-442	585	28	be	be	AUX
ftr-442	585	29	denied	deny	VERB
ftr-442	585	30	.	.	PUNCT
ftr-442	586	1	alternatively	alternatively	ADV
ftr-442	586	2	,	,	PUNCT
ftr-442	586	3	the	the	DET
ftr-442	586	4	equity	equity	NOUN
ftr-442	586	5	holder	holder	NOUN
ftr-442	586	6	's	's	PART
ftr-442	586	7	gain	gain	NOUN
ftr-442	586	8	could	could	AUX
ftr-442	586	9	be	be	AUX
ftr-442	586	10	exempted	exempt	VERB
ftr-442	586	11	from	from	ADP
ftr-442	586	12	tax	tax	NOUN
ftr-442	586	13	,	,	PUNCT
ftr-442	586	14	but	but	CCONJ
ftr-442	586	15	the	the	DET
ftr-442	586	16	entity	entity	NOUN
ftr-442	586	17	could	could	AUX
ftr-442	586	18	be	be	AUX
ftr-442	586	19	required	require	VERB
ftr-442	586	20	to	to	PART
ftr-442	586	21	recognize	recognize	VERB
ftr-442	586	22	gain	gain	NOUN
ftr-442	586	23	or	or	CCONJ
ftr-442	586	24	loss	loss	NOUN
ftr-442	586	25	as	as	SCONJ
ftr-442	586	26	though	though	SCONJ
ftr-442	586	27	all	all	PRON
ftr-442	586	28	of	of	ADP
ftr-442	586	29	its	its	PRON
ftr-442	586	30	assets	asset	NOUN
ftr-442	586	31	were	be	AUX
ftr-442	586	32	sold	sell	VERB
ftr-442	586	33	at	at	ADP
ftr-442	586	34	fair	fair	ADJ
ftr-442	586	35	market	market	NOUN
ftr-442	586	36	value	value	NOUN
ftr-442	586	37	if	if	SCONJ
ftr-442	586	38	,	,	PUNCT
ftr-442	586	39	at	at	ADP
ftr-442	586	40	any	any	DET
ftr-442	586	41	time	time	NOUN
ftr-442	586	42	,	,	PUNCT
ftr-442	586	43	one	one	NUM
ftr-442	586	44	or	or	CCONJ
ftr-442	586	45	more	more	ADJ
ftr-442	586	46	persons	person	NOUN
ftr-442	586	47	owned	own	VERB
ftr-442	586	48	a	a	DET
ftr-442	586	49	proportion	proportion	NOUN
ftr-442	586	50	of	of	ADP
ftr-442	586	51	the	the	DET
ftr-442	586	52	equity	equity	NOUN
ftr-442	586	53	interests	interest	NOUN
ftr-442	586	54	that	that	PRON
ftr-442	586	55	was	be	AUX
ftr-442	586	56	more	more	ADJ
ftr-442	586	57	than	than	ADP
ftr-442	586	58	a	a	DET
ftr-442	586	59	specified	specify	VERB
ftr-442	586	60	amount	amount	NOUN
ftr-442	586	61	(	(	PUNCT
ftr-442	586	62	e.g.	e.g.	ADV
ftr-442	586	63	,	,	PUNCT
ftr-442	586	64	50	50	NUM
ftr-442	586	65	%	%	NOUN
ftr-442	586	66	)	)	PUNCT
ftr-442	586	67	higher	high	ADJ
ftr-442	586	68	than	than	ADP
ftr-442	586	69	the	the	DET
ftr-442	586	70	smallest	small	ADJ
ftr-442	586	71	proportionate	proportionate	ADJ
ftr-442	586	72	interest	interest	NOUN
ftr-442	586	73	of	of	ADP
ftr-442	586	74	these	these	DET
ftr-442	586	75	persons	person	NOUN
ftr-442	586	76	during	during	ADP
ftr-442	586	77	a	a	DET
ftr-442	586	78	specified	specified	ADJ
ftr-442	586	79	period	period	NOUN
ftr-442	586	80	of	of	ADP
ftr-442	586	81	time	time	NOUN
ftr-442	586	82	(	(	PUNCT
ftr-442	586	83	e.g.	e.g.	ADV
ftr-442	586	84	,	,	PUNCT
ftr-442	586	85	the	the	DET
ftr-442	586	86	preceding	precede	VERB
ftr-442	586	87	three	three	NUM
ftr-442	586	88	years	year	NOUN
ftr-442	586	89	)	)	PUNCT
ftr-442	586	90	.	.	PUNCT
ftr-442	587	1	6	6	NUM
ftr-442	587	2	this	this	DET
ftr-442	587	3	approach	approach	NOUN
ftr-442	587	4	suffers	suffer	VERB
ftr-442	587	5	from	from	ADP
ftr-442	587	6	at	at	ADV
ftr-442	587	7	least	least	ADV
ftr-442	587	8	two	two	NUM
ftr-442	587	9	faults	fault	NOUN
ftr-442	587	10	:	:	PUNCT
ftr-442	587	11	execution	execution	NOUN
ftr-442	587	12	of	of	ADP
ftr-442	587	13	it	it	PRON
ftr-442	587	14	would	would	AUX
ftr-442	587	15	be	be	AUX
ftr-442	587	16	complex	complex	ADJ
ftr-442	587	17	,	,	PUNCT
ftr-442	587	18	and	and	CCONJ
ftr-442	587	19	it	it	PRON
ftr-442	587	20	would	would	AUX
ftr-442	587	21	have	have	VERB
ftr-442	587	22	the	the	DET
ftr-442	587	23	effect	effect	NOUN
ftr-442	587	24	of	of	ADP
ftr-442	587	25	taxing	tax	VERB
ftr-442	587	26	the	the	DET
ftr-442	587	27	shares	share	NOUN
ftr-442	587	28	of	of	ADP
ftr-442	587	29	corporate	corporate	ADJ
ftr-442	587	30	gain	gain	NOUN
ftr-442	587	31	allocable	allocable	ADJ
ftr-442	587	32	to	to	ADP
ftr-442	587	33	the	the	DET
ftr-442	587	34	interests	interest	NOUN
ftr-442	587	35	of	of	ADP
ftr-442	587	36	equity	equity	NOUN
ftr-442	587	37	holders	holder	NOUN
ftr-442	587	38	who	who	PRON
ftr-442	587	39	do	do	AUX
ftr-442	587	40	not	not	PART
ftr-442	587	41	sell	sell	VERB
ftr-442	587	42	their	their	PRON
ftr-442	587	43	interests	interest	NOUN
ftr-442	587	44	.	.	PUNCT
ftr-442	588	1	in	in	ADP
ftr-442	588	2	sum	sum	NOUN
ftr-442	588	3	,	,	PUNCT
ftr-442	588	4	the	the	DET
ftr-442	588	5	capital	capital	NOUN
ftr-442	588	6	gains	gain	NOUN
ftr-442	588	7	problem	problem	NOUN
ftr-442	588	8	has	have	VERB
ftr-442	588	9	no	no	DET
ftr-442	588	10	easy	easy	ADJ
ftr-442	588	11	solution	solution	NOUN
ftr-442	588	12	.	.	PUNCT
ftr-442	589	1	on	on	ADP
ftr-442	589	2	balance	balance	NOUN
ftr-442	589	3	,	,	PUNCT
ftr-442	589	4	the	the	DET
ftr-442	589	5	best	good	ADJ
ftr-442	589	6	solution	solution	NOUN
ftr-442	589	7	seems	seem	VERB
ftr-442	589	8	to	to	PART
ftr-442	589	9	be	be	AUX
ftr-442	589	10	to	to	PART
ftr-442	589	11	require	require	VERB
ftr-442	589	12	the	the	DET
ftr-442	589	13	entity	entity	NOUN
ftr-442	589	14	to	to	PART
ftr-442	589	15	recognize	recognize	VERB
ftr-442	589	16	gain	gain	NOUN
ftr-442	589	17	when	when	SCONJ
ftr-442	589	18	a	a	DET
ftr-442	589	19	major	major	ADJ
ftr-442	589	20	portion	portion	NOUN
ftr-442	589	21	of	of	ADP
ftr-442	589	22	the	the	DET
ftr-442	589	23	equity	equity	NOUN
ftr-442	589	24	interests	interest	NOUN
ftr-442	589	25	have	have	AUX
ftr-442	589	26	been	be	AUX
ftr-442	589	27	sold	sell	VERB
ftr-442	589	28	.	.	PUNCT
ftr-442	590	1	this	this	DET
ftr-442	590	2	approach	approach	NOUN
ftr-442	590	3	concentrates	concentrate	VERB
ftr-442	590	4	tax	tax	NOUN
ftr-442	590	5	calculations	calculation	NOUN
ftr-442	590	6	in	in	ADP
ftr-442	590	7	the	the	DET
ftr-442	590	8	entity	entity	NOUN
ftr-442	590	9	and	and	CCONJ
ftr-442	590	10	thus	thus	ADV
ftr-442	590	11	is	be	AUX
ftr-442	590	12	more	more	ADV
ftr-442	590	13	consistent	consistent	ADJ
ftr-442	590	14	with	with	ADP
ftr-442	590	15	the	the	DET
ftr-442	590	16	thrust	thrust	NOUN
ftr-442	590	17	of	of	ADP
ftr-442	590	18	the	the	DET
ftr-442	590	19	cb1	cb1	PROPN
ftr-442	590	20	t	t	PROPN
ftr-442	590	21	to	to	PART
ftr-442	590	22	tax	tax	VERB
ftr-442	590	23	entity	entity	NOUN
ftr-442	590	24	income	income	NOUN
ftr-442	590	25	only	only	ADV
ftr-442	590	26	at	at	ADP
ftr-442	590	27	the	the	DET
ftr-442	590	28	entity	entity	NOUN
ftr-442	590	29	level	level	NOUN
ftr-442	590	30	.	.	PUNCT
ftr-442	591	1	vi	vi	X
ftr-442	591	2	.	.	NOUN
ftr-442	591	3	conclusion	conclusion	NOUN
ftr-442	591	4	subchapter	subchapter	NOUN
ftr-442	591	5	k	k	PROPN
ftr-442	591	6	has	have	VERB
ftr-442	591	7	a	a	DET
ftr-442	591	8	terminal	terminal	ADJ
ftr-442	591	9	illness	illness	NOUN
ftr-442	591	10	.	.	PUNCT
ftr-442	592	1	for	for	ADP
ftr-442	592	2	several	several	ADJ
ftr-442	592	3	decades	decade	NOUN
ftr-442	592	4	,	,	PUNCT
ftr-442	592	5	aggressive	aggressive	ADJ
ftr-442	592	6	tax	tax	NOUN
ftr-442	592	7	planners	planner	NOUN
ftr-442	592	8	have	have	AUX
ftr-442	592	9	used	use	VERB
ftr-442	592	10	partnerships	partnership	NOUN
ftr-442	592	11	as	as	ADP
ftr-442	592	12	a	a	DET
ftr-442	592	13	vehicle	vehicle	NOUN
ftr-442	592	14	for	for	ADP
ftr-442	592	15	shifting	shift	VERB
ftr-442	592	16	income	income	NOUN
ftr-442	592	17	and	and	CCONJ
ftr-442	592	18	loss	loss	NOUN
ftr-442	592	19	arbitrarily	arbitrarily	ADV
ftr-442	592	20	between	between	ADP
ftr-442	592	21	partners	partner	NOUN
ftr-442	592	22	,	,	PUNCT
ftr-442	592	23	and	and	CCONJ
ftr-442	592	24	congress	congress	PROPN
ftr-442	592	25	and	and	CCONJ
ftr-442	592	26	the	the	DET
ftr-442	592	27	treasury	treasury	NOUN
ftr-442	592	28	have	have	AUX
ftr-442	592	29	found	find	VERB
ftr-442	592	30	it	it	PRON
ftr-442	592	31	necessary	necessary	ADJ
ftr-442	592	32	to	to	PART
ftr-442	592	33	respond	respond	VERB
ftr-442	592	34	to	to	ADP
ftr-442	592	35	these	these	DET
ftr-442	592	36	uses	use	NOUN
ftr-442	592	37	of	of	ADP
ftr-442	592	38	the	the	DET
ftr-442	592	39	partnership	partnership	NOUN
ftr-442	592	40	by	by	ADP
ftr-442	592	41	adopting	adopt	VERB
ftr-442	592	42	progressively	progressively	ADV
ftr-442	592	43	more	more	ADV
ftr-442	592	44	complicated	complicated	ADJ
ftr-442	592	45	restrictions	restriction	NOUN
ftr-442	592	46	on	on	ADP
ftr-442	592	47	the	the	DET
ftr-442	592	48	fairly	fairly	ADV
ftr-442	592	49	simple	simple	ADJ
ftr-442	592	50	conduit	conduit	NOUN
ftr-442	592	51	regime	regime	NOUN
ftr-442	592	52	found	find	VERB
ftr-442	592	53	in	in	ADP
ftr-442	592	54	the	the	DET
ftr-442	592	55	original	original	ADJ
ftr-442	592	56	enactment	enactment	NOUN
ftr-442	592	57	of	of	ADP
ftr-442	592	58	subchapter	subchapter	NOUN
ftr-442	592	59	k.	k.	PROPN
ftr-442	593	1	the	the	DET
ftr-442	593	2	result	result	NOUN
ftr-442	593	3	is	be	AUX
ftr-442	593	4	a	a	DET
ftr-442	593	5	system	system	NOUN
ftr-442	593	6	of	of	ADP
ftr-442	593	7	unworkable	unworkable	ADJ
ftr-442	593	8	complexity	complexity	NOUN
ftr-442	593	9	that	that	PRON
ftr-442	593	10	still	still	ADV
ftr-442	593	11	does	do	AUX
ftr-442	593	12	not	not	PART
ftr-442	593	13	adequately	adequately	ADV
ftr-442	593	14	guard	guard	VERB
ftr-442	593	15	against	against	ADP
ftr-442	593	16	manipulative	manipulative	ADJ
ftr-442	593	17	shifting	shifting	NOUN
ftr-442	593	18	of	of	ADP
ftr-442	593	19	income	income	NOUN
ftr-442	593	20	and	and	CCONJ
ftr-442	593	21	loss	loss	NOUN
ftr-442	593	22	.	.	PUNCT
ftr-442	594	1	the	the	DET
ftr-442	594	2	problem	problem	NOUN
ftr-442	594	3	is	be	AUX
ftr-442	594	4	not	not	PART
ftr-442	594	5	that	that	SCONJ
ftr-442	594	6	congress	congress	PROPN
ftr-442	594	7	and	and	CCONJ
ftr-442	594	8	the	the	DET
ftr-442	594	9	treasury	treasury	NOUN
ftr-442	594	10	have	have	AUX
ftr-442	594	11	done	do	VERB
ftr-442	594	12	a	a	DET
ftr-442	594	13	poor	poor	ADJ
ftr-442	594	14	job	job	NOUN
ftr-442	594	15	of	of	ADP
ftr-442	594	16	making	make	VERB
ftr-442	594	17	the	the	DET
ftr-442	594	18	law	law	NOUN
ftr-442	594	19	.	.	PUNCT
ftr-442	595	1	the	the	DET
ftr-442	595	2	problem	problem	NOUN
ftr-442	595	3	is	be	AUX
ftr-442	595	4	that	that	SCONJ
ftr-442	595	5	conduit	conduit	NOUN
ftr-442	595	6	taxation	taxation	NOUN
ftr-442	595	7	is	be	AUX
ftr-442	595	8	not	not	PART
ftr-442	595	9	feasible	feasible	ADJ
ftr-442	595	10	for	for	ADP
ftr-442	595	11	firms	firm	NOUN
ftr-442	595	12	with	with	ADP
ftr-442	595	13	complex	complex	ADJ
ftr-442	595	14	arrangements	arrangement	NOUN
ftr-442	595	15	for	for	ADP
ftr-442	595	16	sharing	share	VERB
ftr-442	595	17	firm	firm	ADJ
ftr-442	595	18	income	income	NOUN
ftr-442	595	19	and	and	CCONJ
ftr-442	595	20	loss	loss	NOUN
ftr-442	595	21	.	.	PUNCT
ftr-442	596	1	congress	congress	PROPN
ftr-442	596	2	and	and	CCONJ
ftr-442	596	3	the	the	DET
ftr-442	596	4	treasury	treasury	NOUN
ftr-442	596	5	,	,	PUNCT
ftr-442	596	6	in	in	ADP
ftr-442	596	7	trying	try	VERB
ftr-442	596	8	to	to	PART
ftr-442	596	9	develop	develop	VERB
ftr-442	596	10	a	a	DET
ftr-442	596	11	conduit	conduit	NOUN
ftr-442	596	12	regime	regime	NOUN
ftr-442	596	13	acceptably	acceptably	ADV
ftr-442	596	14	free	free	ADJ
ftr-442	596	15	of	of	ADP
ftr-442	596	16	abuse	abuse	NOUN
ftr-442	596	17	potential	potential	NOUN
ftr-442	596	18	,	,	PUNCT
ftr-442	596	19	have	have	AUX
ftr-442	596	20	been	be	AUX
ftr-442	596	21	attempting	attempt	VERB
ftr-442	596	22	the	the	DET
ftr-442	596	23	impossible	impossible	ADJ
ftr-442	596	24	.	.	PUNCT
ftr-442	597	1	before	before	SCONJ
ftr-442	597	2	the	the	DET
ftr-442	597	3	patient	patient	NOUN
ftr-442	597	4	expires	expire	VERB
ftr-442	597	5	,	,	PUNCT
ftr-442	597	6	congress	congress	PROPN
ftr-442	597	7	should	should	AUX
ftr-442	597	8	radically	radically	ADV
ftr-442	597	9	reshuffle	reshuffle	VERB
ftr-442	597	10	the	the	DET
ftr-442	597	11	respective	respective	ADJ
ftr-442	597	12	jurisdictions	jurisdiction	NOUN
ftr-442	597	13	of	of	ADP
ftr-442	597	14	subchapters	subchapter	NOUN
ftr-442	597	15	k	k	PROPN
ftr-442	597	16	,	,	PUNCT
ftr-442	597	17	s	s	PROPN
ftr-442	597	18	,	,	PUNCT
ftr-442	597	19	and	and	CCONJ
ftr-442	597	20	c.	c.	PROPN
ftr-442	597	21	form	form	NOUN
ftr-442	597	22	of	of	ADP
ftr-442	597	23	organization	organization	NOUN
ftr-442	597	24	should	should	AUX
ftr-442	597	25	no	no	ADV
ftr-442	597	26	longer	long	ADV
ftr-442	597	27	play	play	VERB
ftr-442	597	28	any	any	DET
ftr-442	597	29	role	role	NOUN
ftr-442	597	30	in	in	ADP
ftr-442	597	31	an	an	DET
ftr-442	597	32	entity	entity	NOUN
ftr-442	597	33	's	's	PART
ftr-442	597	34	tax	tax	NOUN
ftr-442	597	35	classification	classification	NOUN
ftr-442	597	36	.	.	PUNCT
ftr-442	598	1	subchapter	subchapter	NOUN
ftr-442	598	2	k	k	PROPN
ftr-442	598	3	should	should	AUX
ftr-442	598	4	only	only	ADV
ftr-442	598	5	remain	remain	VERB
ftr-442	598	6	available	available	ADJ
ftr-442	598	7	to	to	ADP
ftr-442	598	8	service	service	NOUN
ftr-442	598	9	entities	entity	NOUN
ftr-442	598	10	for	for	ADP
ftr-442	598	11	which	which	PRON
ftr-442	598	12	capital	capital	NOUN
ftr-442	598	13	is	be	AUX
ftr-442	598	14	not	not	PART
ftr-442	598	15	a	a	DET
ftr-442	598	16	75	75	NUM
ftr-442	598	17	.	.	PUNCT
ftr-442	599	1	it	it	PRON
ftr-442	599	2	would	would	AUX
ftr-442	599	3	not	not	PART
ftr-442	599	4	be	be	AUX
ftr-442	599	5	desirable	desirable	ADJ
ftr-442	599	6	to	to	PART
ftr-442	599	7	require	require	VERB
ftr-442	599	8	the	the	DET
ftr-442	599	9	entity	entity	NOUN
ftr-442	599	10	to	to	PART
ftr-442	599	11	adopt	adopt	VERB
ftr-442	599	12	procedures	procedure	NOUN
ftr-442	599	13	ensuring	ensure	VERB
ftr-442	599	14	that	that	SCONJ
ftr-442	599	15	the	the	DET
ftr-442	599	16	earnings	earning	NOUN
ftr-442	599	17	allocated	allocate	VERB
ftr-442	599	18	to	to	ADP
ftr-442	599	19	a	a	DET
ftr-442	599	20	particular	particular	ADJ
ftr-442	599	21	interest	interest	NOUN
ftr-442	599	22	would	would	AUX
ftr-442	599	23	ultimately	ultimately	ADV
ftr-442	599	24	be	be	AUX
ftr-442	599	25	distributed	distribute	VERB
ftr-442	599	26	to	to	ADP
ftr-442	599	27	the	the	DET
ftr-442	599	28	holder	holder	NOUN
ftr-442	599	29	of	of	ADP
ftr-442	599	30	that	that	DET
ftr-442	599	31	interest	interest	NOUN
ftr-442	599	32	because	because	SCONJ
ftr-442	599	33	this	this	PRON
ftr-442	599	34	would	would	AUX
ftr-442	599	35	return	return	VERB
ftr-442	599	36	to	to	ADP
ftr-442	599	37	the	the	DET
ftr-442	599	38	accounting	accounting	NOUN
ftr-442	599	39	now	now	ADV
ftr-442	599	40	required	require	VERB
ftr-442	599	41	by	by	ADP
ftr-442	599	42	the	the	DET
ftr-442	599	43	substantial	substantial	ADJ
ftr-442	599	44	economic	economic	ADJ
ftr-442	599	45	effect	effect	NOUN
ftr-442	599	46	test	test	NOUN
ftr-442	599	47	.	.	PUNCT
ftr-442	600	1	76	76	NUM
ftr-442	600	2	.	.	PUNCT
ftr-442	601	1	see	see	VERB
ftr-442	601	2	irc	irc	PROPN
ftr-442	601	3	§	§	PROPN
ftr-442	601	4	§	§	PROPN
ftr-442	601	5	338	338	NUM
ftr-442	601	6	,	,	PUNCT
ftr-442	601	7	384	384	NUM
ftr-442	601	8	;	;	PUNCT
ftr-442	601	9	see	see	VERB
ftr-442	601	10	also	also	ADV
ftr-442	601	11	yin	yin	PROPN
ftr-442	601	12	,	,	PUNCT
ftr-442	601	13	supra	supra	PROPN
ftr-442	601	14	note	note	PROPN
ftr-442	601	15	14	14	NUM
ftr-442	601	16	,	,	PUNCT
ftr-442	601	17	at	at	ADP
ftr-442	601	18	text	text	NOUN
ftr-442	601	19	accompanying	accompanying	ADJ
ftr-442	601	20	note	note	NOUN
ftr-442	601	21	1999	1999	NUM
ftr-442	601	22	]	]	SYM
ftr-442	601	23	286	286	NUM
ftr-442	601	24	florida	florida	PROPN
ftr-442	601	25	tax	tax	NOUN
ftr-442	601	26	review	review	NOUN
ftr-442	601	27	[	[	X
ftr-442	601	28	vol	vol	NOUN
ftr-442	601	29	4:3	4:3	NUM
ftr-442	601	30	material	material	NOUN
ftr-442	601	31	income	income	NOUN
ftr-442	601	32	-	-	PUNCT
ftr-442	601	33	producing	produce	VERB
ftr-442	601	34	factor	factor	NOUN
ftr-442	601	35	.	.	PUNCT
ftr-442	602	1	the	the	DET
ftr-442	602	2	more	more	ADV
ftr-442	602	3	restrictive	restrictive	ADJ
ftr-442	602	4	conduit	conduit	NOUN
ftr-442	602	5	regime	regime	NOUN
ftr-442	602	6	of	of	ADP
ftr-442	602	7	subchapter	subchapter	NOUN
ftr-442	602	8	s	s	VERB
ftr-442	602	9	should	should	AUX
ftr-442	602	10	be	be	AUX
ftr-442	602	11	opened	open	VERB
ftr-442	602	12	to	to	ADP
ftr-442	602	13	all	all	DET
ftr-442	602	14	private	private	ADJ
ftr-442	602	15	business	business	NOUN
ftr-442	602	16	fins	fin	NOUN
ftr-442	602	17	with	with	ADP
ftr-442	602	18	simple	simple	ADJ
ftr-442	602	19	capital	capital	NOUN
ftr-442	602	20	structures	structure	NOUN
ftr-442	602	21	and	and	CCONJ
ftr-442	602	22	should	should	AUX
ftr-442	602	23	be	be	AUX
ftr-442	602	24	revised	revise	VERB
ftr-442	602	25	to	to	PART
ftr-442	602	26	incorporate	incorporate	VERB
ftr-442	602	27	as	as	ADV
ftr-442	602	28	much	much	ADJ
ftr-442	602	29	of	of	ADP
ftr-442	602	30	the	the	DET
ftr-442	602	31	flexibility	flexibility	NOUN
ftr-442	602	32	of	of	ADP
ftr-442	602	33	subchapter	subchapter	NOUN
ftr-442	602	34	k	k	PROPN
ftr-442	602	35	as	as	SCONJ
ftr-442	602	36	is	be	AUX
ftr-442	602	37	possible	possible	ADJ
ftr-442	602	38	without	without	ADP
ftr-442	602	39	making	make	VERB
ftr-442	602	40	it	it	PRON
ftr-442	602	41	unreasonably	unreasonably	ADV
ftr-442	602	42	susceptible	susceptible	ADJ
ftr-442	602	43	to	to	ADP
ftr-442	602	44	abuse	abuse	NOUN
ftr-442	602	45	.	.	PUNCT
ftr-442	603	1	all	all	DET
ftr-442	603	2	firms	firm	NOUN
ftr-442	603	3	with	with	ADP
ftr-442	603	4	more	more	ADJ
ftr-442	603	5	complex	complex	ADJ
ftr-442	603	6	ownership	ownership	NOUN
ftr-442	603	7	structures	structure	NOUN
ftr-442	603	8	should	should	AUX
ftr-442	603	9	be	be	AUX
ftr-442	603	10	subject	subject	ADJ
ftr-442	603	11	to	to	ADP
ftr-442	603	12	subchapter	subchapter	NOUN
ftr-442	603	13	c	c	NOUN
ftr-442	603	14	,	,	PUNCT
ftr-442	603	15	but	but	CCONJ
ftr-442	603	16	the	the	DET
ftr-442	603	17	incomes	income	NOUN
ftr-442	603	18	of	of	ADP
ftr-442	603	19	private	private	ADJ
ftr-442	603	20	business	business	NOUN
ftr-442	603	21	firms	firm	NOUN
ftr-442	603	22	within	within	ADP
ftr-442	603	23	subchapter	subchapter	NOUN
ftr-442	603	24	c	c	NOUN
ftr-442	603	25	should	should	AUX
ftr-442	603	26	only	only	ADV
ftr-442	603	27	be	be	AUX
ftr-442	603	28	taxed	tax	VERB
ftr-442	603	29	once	once	ADV
ftr-442	603	30	.	.	PUNCT
ftr-442	604	1	the	the	DET
ftr-442	604	2	taxable	taxable	ADJ
ftr-442	604	3	income	income	NOUN
ftr-442	604	4	of	of	ADP
ftr-442	604	5	a	a	DET
ftr-442	604	6	private	private	ADJ
ftr-442	604	7	c	c	NOUN
ftr-442	604	8	entity	entity	NOUN
ftr-442	604	9	should	should	AUX
ftr-442	604	10	be	be	AUX
ftr-442	604	11	determined	determine	VERB
ftr-442	604	12	without	without	ADP
ftr-442	604	13	deduction	deduction	NOUN
ftr-442	604	14	for	for	ADP
ftr-442	604	15	interest	interest	NOUN
ftr-442	604	16	expense	expense	NOUN
ftr-442	604	17	,	,	PUNCT
ftr-442	604	18	and	and	CCONJ
ftr-442	604	19	returns	return	NOUN
ftr-442	604	20	received	receive	VERB
ftr-442	604	21	by	by	ADP
ftr-442	604	22	the	the	DET
ftr-442	604	23	entity	entity	NOUN
ftr-442	604	24	's	's	PART
ftr-442	604	25	owners	owner	NOUN
ftr-442	604	26	and	and	CCONJ
ftr-442	604	27	creditors	creditor	NOUN
ftr-442	604	28	(	(	PUNCT
ftr-442	604	29	e.g.	e.g.	ADV
ftr-442	604	30	,	,	PUNCT
ftr-442	604	31	dividends	dividend	NOUN
ftr-442	604	32	and	and	CCONJ
ftr-442	604	33	interest	interest	NOUN
ftr-442	604	34	)	)	PUNCT
ftr-442	604	35	should	should	AUX
ftr-442	604	36	be	be	AUX
ftr-442	604	37	exempt	exempt	ADJ
ftr-442	604	38	from	from	ADP
ftr-442	604	39	tax	tax	NOUN
ftr-442	604	40	.	.	PUNCT