id	sid	tid	token	lemma	pos
ftr-476	1	1	florida	florida	PROPN
ftr-476	1	2	tax	tax	PROPN
ftr-476	1	3	review	review	NOUN
ftr-476	1	4	volume	volume	NOUN
ftr-476	1	5	2	2	NUM
ftr-476	1	6	1994	1994	NUM
ftr-476	1	7	number	number	NOUN
ftr-476	1	8	5	5	NUM
ftr-476	1	9	zero	zero	NUM
ftr-476	1	10	basis	basis	NOUN
ftr-476	1	11	hoax	hoax	ADJ
ftr-476	1	12	or	or	CCONJ
ftr-476	1	13	contingent	contingent	ADJ
ftr-476	1	14	debt	debt	NOUN
ftr-476	1	15	and	and	CCONJ
ftr-476	1	16	failure	failure	NOUN
ftr-476	1	17	of	of	ADP
ftr-476	1	18	proof	proof	NOUN
ftr-476	1	19	?	?	PUNCT
ftr-476	1	20	.	.	PUNCT
ftr-476	2	1	sorting	sort	VERB
ftr-476	2	2	out	out	ADP
ftr-476	2	3	the	the	DET
ftr-476	2	4	issues	issue	NOUN
ftr-476	2	5	in	in	ADP
ftr-476	2	6	the	the	DET
ftr-476	2	7	lessinger	lessinger	ADJ
ftr-476	2	8	case	case	NOUN
ftr-476	2	9	jasper	jasper	NOUN
ftr-476	2	10	l.	l.	PROPN
ftr-476	2	11	cumnmings	cumnmings	PROPN
ftr-476	2	12	,	,	PUNCT
ftr-476	2	13	jr	jr	PROPN
ftr-476	2	14	.	.	PUNCT
ftr-476	3	1	the	the	DET
ftr-476	3	2	author	author	NOUN
ftr-476	3	3	practices	practice	VERB
ftr-476	3	4	law	law	NOUN
ftr-476	3	5	in	in	ADP
ftr-476	3	6	raleigh	raleigh	PROPN
ftr-476	3	7	,	,	PUNCT
ftr-476	3	8	north	north	PROPN
ftr-476	3	9	carolina	carolina	PROPN
ftr-476	3	10	with	with	ADP
ftr-476	3	11	womble	womble	PROPN
ftr-476	3	12	carlyle	carlyle	PROPN
ftr-476	3	13	sandridge	sandridge	PROPN
ftr-476	3	14	&	&	CCONJ
ftr-476	3	15	rice	rice	PROPN
ftr-476	3	16	,	,	PUNCT
ftr-476	3	17	pllc	pllc	PROPN
ftr-476	3	18	.	.	PUNCT
ftr-476	4	1	he	he	PRON
ftr-476	4	2	argues	argue	VERB
ftr-476	4	3	that	that	DET
ftr-476	4	4	commentary	commentary	NOUN
ftr-476	4	5	on	on	ADP
ftr-476	4	6	the	the	DET
ftr-476	4	7	second	second	ADJ
ftr-476	4	8	circuit	circuit	NOUN
ftr-476	4	9	's	's	PART
ftr-476	4	10	1989	1989	NUM
ftr-476	4	11	lessinger	lessinger	ADJ
ftr-476	4	12	decision	decision	NOUN
ftr-476	4	13	involving	involve	VERB
ftr-476	4	14	section	section	NOUN
ftr-476	4	15	357(c	357(c	PROPN
ftr-476	4	16	)	)	PUNCT
ftr-476	4	17	has	have	AUX
ftr-476	4	18	not	not	PART
ftr-476	4	19	clearly	clearly	ADV
ftr-476	4	20	identified	identify	VERB
ftr-476	4	21	the	the	DET
ftr-476	4	22	tax	tax	NOUN
ftr-476	4	23	logic	logic	NOUN
ftr-476	4	24	issues	issue	NOUN
ftr-476	4	25	that	that	PRON
ftr-476	4	26	are	be	AUX
ftr-476	4	27	at	at	ADP
ftr-476	4	28	stake	stake	NOUN
ftr-476	4	29	in	in	ADP
ftr-476	4	30	the	the	DET
ftr-476	4	31	case	case	NOUN
ftr-476	4	32	.	.	PUNCT
ftr-476	5	1	he	he	PRON
ftr-476	5	2	agrees	agree	VERB
ftr-476	5	3	that	that	SCONJ
ftr-476	5	4	the	the	DET
ftr-476	5	5	controlling	control	VERB
ftr-476	5	6	shareholder	shareholder	NOUN
ftr-476	5	7	's	's	PART
ftr-476	5	8	obligation	obligation	NOUN
ftr-476	5	9	is	be	AUX
ftr-476	5	10	not	not	PART
ftr-476	5	11	section	section	NOUN
ftr-476	5	12	351	351	NUM
ftr-476	5	13	"	"	PUNCT
ftr-476	5	14	property	property	NOUN
ftr-476	5	15	"	"	PUNCT
ftr-476	5	16	and	and	CCONJ
ftr-476	5	17	should	should	AUX
ftr-476	5	18	not	not	PART
ftr-476	5	19	be	be	AUX
ftr-476	5	20	accorded	accord	VERB
ftr-476	5	21	basis	basis	NOUN
ftr-476	5	22	in	in	ADP
ftr-476	5	23	the	the	DET
ftr-476	5	24	shareholder	shareholder	NOUN
ftr-476	5	25	's	's	PART
ftr-476	5	26	hands	hand	NOUN
ftr-476	5	27	.	.	PUNCT
ftr-476	6	1	instead	instead	ADV
ftr-476	6	2	,	,	PUNCT
ftr-476	6	3	the	the	DET
ftr-476	6	4	obligation	obligation	NOUN
ftr-476	6	5	should	should	AUX
ftr-476	6	6	be	be	AUX
ftr-476	6	7	treated	treat	VERB
ftr-476	6	8	as	as	ADP
ftr-476	6	9	a	a	DET
ftr-476	6	10	purchase	purchase	NOUN
ftr-476	6	11	money	money	NOUN
ftr-476	6	12	obligation	obligation	NOUN
ftr-476	6	13	that	that	PRON
ftr-476	6	14	affords	afford	VERB
ftr-476	6	15	basis	basis	NOUN
ftr-476	6	16	in	in	ADP
ftr-476	6	17	the	the	DET
ftr-476	6	18	shareholder	shareholder	NOUN
ftr-476	6	19	's	's	PART
ftr-476	6	20	stock	stock	NOUN
ftr-476	6	21	unless	unless	SCONJ
ftr-476	6	22	it	it	PRON
ftr-476	6	23	is	be	AUX
ftr-476	6	24	properly	properly	ADV
ftr-476	6	25	viewed	view	VERB
ftr-476	6	26	as	as	ADP
ftr-476	6	27	contingent	contingent	NOUN
ftr-476	6	28	.	.	PUNCT
ftr-476	7	1	in	in	ADP
ftr-476	7	2	any	any	DET
ftr-476	7	3	event	event	NOUN
ftr-476	7	4	,	,	PUNCT
ftr-476	7	5	proper	proper	ADJ
ftr-476	7	6	structuring	structuring	NOUN
ftr-476	7	7	of	of	ADP
ftr-476	7	8	section	section	NOUN
ftr-476	7	9	351	351	NUM
ftr-476	7	10	exchanges	exchange	NOUN
ftr-476	7	11	of	of	ADP
ftr-476	7	12	property	property	NOUN
ftr-476	7	13	subject	subject	NOUN
ftr-476	7	14	to	to	ADP
ftr-476	7	15	debt	debt	NOUN
ftr-476	7	16	in	in	ADP
ftr-476	7	17	excess	excess	NOUN
ftr-476	7	18	of	of	ADP
ftr-476	7	19	the	the	DET
ftr-476	7	20	property	property	NOUN
ftr-476	7	21	's	's	PART
ftr-476	7	22	basis	basis	NOUN
ftr-476	7	23	for	for	ADP
ftr-476	7	24	stock	stock	NOUN
ftr-476	7	25	in	in	ADP
ftr-476	7	26	order	order	NOUN
ftr-476	7	27	to	to	PART
ftr-476	7	28	reflect	reflect	VERB
ftr-476	7	29	an	an	DET
ftr-476	7	30	actual	actual	ADJ
ftr-476	7	31	retention	retention	NOUN
ftr-476	7	32	of	of	ADP
ftr-476	7	33	liability	liability	NOUN
ftr-476	7	34	on	on	ADP
ftr-476	7	35	that	that	DET
ftr-476	7	36	debt	debt	NOUN
ftr-476	7	37	by	by	ADP
ftr-476	7	38	the	the	DET
ftr-476	7	39	shareholder	shareholder	NOUN
ftr-476	7	40	should	should	AUX
ftr-476	7	41	prevent	prevent	VERB
ftr-476	7	42	shareholder	shareholder	NOUN
ftr-476	7	43	gain	gain	VERB
ftr-476	7	44	recognition	recognition	NOUN
ftr-476	7	45	under	under	ADP
ftr-476	7	46	section	section	NOUN
ftr-476	7	47	357(c	357(c	PROPN
ftr-476	7	48	)	)	PUNCT
ftr-476	7	49	.	.	PUNCT
ftr-476	8	1	florida	florida	PROPN
ftr-476	8	2	tax	tax	PROPN
ftr-476	8	3	review	review	PROPN
ftr-476	8	4	i.	i.	NOUN
ftr-476	8	5	introduction	introduction	NOUN
ftr-476	8	6	...............................	...............................	PUNCT
ftr-476	8	7	285	285	NUM
ftr-476	8	8	ii	ii	NOUN
ftr-476	8	9	.	.	PROPN
ftr-476	8	10	is	be	AUX
ftr-476	8	11	the	the	DET
ftr-476	8	12	lessinger	lessinger	ADJ
ftr-476	8	13	result	result	NOUN
ftr-476	8	14	desirable	desirable	ADJ
ftr-476	8	15	as	as	ADP
ftr-476	8	16	a	a	DET
ftr-476	8	17	matter	matter	NOUN
ftr-476	8	18	of	of	ADP
ftr-476	8	19	policy	policy	NOUN
ftr-476	8	20	?	?	PUNCT
ftr-476	8	21	.	.	PUNCT
ftr-476	8	22	.	.	PUNCT
ftr-476	8	23	.	.	PUNCT
ftr-476	8	24	.	.	PUNCT
ftr-476	8	25	.	.	PUNCT
ftr-476	8	26	.	.	PUNCT
ftr-476	8	27	.	.	PUNCT
ftr-476	8	28	.	.	PUNCT
ftr-476	8	29	.	.	PUNCT
ftr-476	8	30	.	.	PUNCT
ftr-476	8	31	.	.	PUNCT
ftr-476	8	32	.	.	PUNCT
ftr-476	8	33	.	.	PUNCT
ftr-476	8	34	.	.	PUNCT
ftr-476	8	35	.	.	PUNCT
ftr-476	8	36	.	.	PUNCT
ftr-476	8	37	.	.	PUNCT
ftr-476	8	38	.	.	PUNCT
ftr-476	8	39	.	.	PUNCT
ftr-476	8	40	.	.	PUNCT
ftr-476	8	41	.	.	PUNCT
ftr-476	8	42	.	.	PUNCT
ftr-476	8	43	.	.	PUNCT
ftr-476	8	44	.	.	PUNCT
ftr-476	8	45	.	.	PUNCT
ftr-476	8	46	.	.	PUNCT
ftr-476	8	47	.	.	PUNCT
ftr-476	8	48	.	.	PUNCT
ftr-476	8	49	.	.	PUNCT
ftr-476	8	50	.	.	PUNCT
ftr-476	8	51	.	.	PUNCT
ftr-476	8	52	.	.	PUNCT
ftr-476	8	53	.	.	PUNCT
ftr-476	8	54	.	.	PUNCT
ftr-476	8	55	.	.	PUNCT
ftr-476	8	56	.	.	PUNCT
ftr-476	8	57	.	.	PUNCT
ftr-476	9	1	288	288	NUM
ftr-476	9	2	iii	iii	NOUN
ftr-476	9	3	.	.	PUNCT
ftr-476	10	1	what	what	PRON
ftr-476	10	2	has	have	VERB
ftr-476	10	3	zero	zero	NUM
ftr-476	10	4	basis	basis	NOUN
ftr-476	10	5	to	to	PART
ftr-476	10	6	do	do	AUX
ftr-476	10	7	with	with	ADP
ftr-476	10	8	lessinger	lessinger	NOUN
ftr-476	10	9	?	?	PUNCT
ftr-476	10	10	.	.	PUNCT
ftr-476	10	11	.	.	PUNCT
ftr-476	10	12	.	.	PUNCT
ftr-476	10	13	.	.	PUNCT
ftr-476	10	14	.	.	PUNCT
ftr-476	11	1	.	.	PUNCT
ftr-476	12	1	293	293	NUM
ftr-476	12	2	a.	a.	NOUN
ftr-476	12	3	zero	zero	NUM
ftr-476	12	4	basis	basis	NOUN
ftr-476	12	5	has	have	VERB
ftr-476	12	6	nothing	nothing	PRON
ftr-476	12	7	to	to	PART
ftr-476	12	8	do	do	VERB
ftr-476	12	9	with	with	ADP
ftr-476	12	10	the	the	DET
ftr-476	12	11	correct	correct	ADJ
ftr-476	12	12	answer	answer	NOUN
ftr-476	12	13	in	in	ADP
ftr-476	12	14	lessinger	lessinger	NOUN
ftr-476	12	15	.........................	.........................	PUNCT
ftr-476	13	1	293	293	NUM
ftr-476	13	2	b.	b.	NOUN
ftr-476	13	3	zero	zero	NUM
ftr-476	13	4	basis	basis	NOUN
ftr-476	13	5	is	be	AUX
ftr-476	13	6	correct	correct	ADJ
ftr-476	13	7	,	,	PUNCT
ftr-476	13	8	if	if	SCONJ
ftr-476	13	9	the	the	DET
ftr-476	13	10	obligation	obligation	NOUN
ftr-476	13	11	is	be	AUX
ftr-476	13	12	section	section	NOUN
ftr-476	13	13	351	351	NUM
ftr-476	13	14	property	property	NOUN
ftr-476	13	15	............................	............................	PUNCT
ftr-476	13	16	294	294	NUM
ftr-476	13	17	iv	iv	NOUN
ftr-476	13	18	.	.	PUNCT
ftr-476	14	1	how	how	SCONJ
ftr-476	14	2	can	can	AUX
ftr-476	14	3	the	the	DET
ftr-476	14	4	lessinger	lessinger	ADJ
ftr-476	14	5	result	result	NOUN
ftr-476	14	6	be	be	AUX
ftr-476	14	7	justified	justify	VERB
ftr-476	14	8	?	?	PUNCT
ftr-476	14	9	.	.	PUNCT
ftr-476	14	10	.	.	PUNCT
ftr-476	14	11	.	.	PUNCT
ftr-476	14	12	.	.	PUNCT
ftr-476	14	13	.	.	PUNCT
ftr-476	14	14	.	.	PUNCT
ftr-476	14	15	.	.	PUNCT
ftr-476	15	1	.	.	PUNCT
ftr-476	16	1	296	296	NUM
ftr-476	16	2	a.	a.	NOUN
ftr-476	16	3	overview	overview	NOUN
ftr-476	16	4	...............................	...............................	PUNCT
ftr-476	16	5	296	296	NUM
ftr-476	16	6	b.	b.	X
ftr-476	16	7	the	the	DET
ftr-476	16	8	cash	cash	NOUN
ftr-476	16	9	analogy	analogy	NOUN
ftr-476	16	10	.........................	.........................	PUNCT
ftr-476	16	11	297	297	NUM
ftr-476	16	12	c.	c.	NOUN
ftr-476	16	13	the	the	DET
ftr-476	16	14	proper	proper	ADJ
ftr-476	16	15	justification	justification	NOUN
ftr-476	16	16	.....................	.....................	PUNCT
ftr-476	16	17	299	299	NUM
ftr-476	16	18	1	1	NUM
ftr-476	16	19	.	.	PUNCT
ftr-476	17	1	overview	overview	NOUN
ftr-476	17	2	..........................	..........................	PUNCT
ftr-476	18	1	299	299	NUM
ftr-476	18	2	2	2	NUM
ftr-476	18	3	.	.	PUNCT
ftr-476	18	4	transferor	transferor	NOUN
ftr-476	18	5	,	,	PUNCT
ftr-476	18	6	who	who	PRON
ftr-476	18	7	is	be	AUX
ftr-476	18	8	personally	personally	ADV
ftr-476	18	9	liable	liable	ADJ
ftr-476	18	10	on	on	ADP
ftr-476	18	11	the	the	DET
ftr-476	18	12	debt	debt	NOUN
ftr-476	18	13	,	,	PUNCT
ftr-476	18	14	transfers	transfer	VERB
ftr-476	18	15	property	property	NOUN
ftr-476	18	16	to	to	ADP
ftr-476	18	17	the	the	DET
ftr-476	18	18	corporation	corporation	NOUN
ftr-476	18	19	subject	subject	ADJ
ftr-476	18	20	to	to	ADP
ftr-476	18	21	the	the	DET
ftr-476	18	22	debt	debt	NOUN
ftr-476	18	23	,	,	PUNCT
ftr-476	18	24	but	but	CCONJ
ftr-476	18	25	is	be	AUX
ftr-476	18	26	not	not	PART
ftr-476	18	27	released	release	VERB
ftr-476	18	28	from	from	ADP
ftr-476	18	29	personal	personal	ADJ
ftr-476	18	30	liability	liability	NOUN
ftr-476	18	31	;	;	PUNCT
ftr-476	18	32	the	the	DET
ftr-476	18	33	corporation	corporation	NOUN
ftr-476	18	34	does	do	AUX
ftr-476	18	35	not	not	PART
ftr-476	18	36	assume	assume	VERB
ftr-476	18	37	the	the	DET
ftr-476	18	38	debt	debt	NOUN
ftr-476	18	39	.....................	.....................	PUNCT
ftr-476	18	40	299	299	NUM
ftr-476	18	41	a.	a.	NOUN
ftr-476	18	42	section	section	NOUN
ftr-476	18	43	1001	1001	NUM
ftr-476	18	44	.................	.................	PUNCT
ftr-476	18	45	302	302	NUM
ftr-476	18	46	b.	b.	PROPN
ftr-476	18	47	section	section	NOUN
ftr-476	18	48	453	453	NUM
ftr-476	18	49	..................	..................	SYM
ftr-476	18	50	304	304	NUM
ftr-476	18	51	c.	c.	PROPN
ftr-476	18	52	section	section	PROPN
ftr-476	18	53	752(c	752(c	PROPN
ftr-476	18	54	)	)	PUNCT
ftr-476	18	55	................	................	PUNCT
ftr-476	19	1	306	306	NUM
ftr-476	19	2	d.	d.	NOUN
ftr-476	19	3	section	section	NOUN
ftr-476	19	4	1031(d	1031(d	NUM
ftr-476	19	5	)	)	PUNCT
ftr-476	19	6	...............	...............	PUNCT
ftr-476	20	1	307	307	NUM
ftr-476	20	2	3	3	NUM
ftr-476	20	3	.	.	PUNCT
ftr-476	21	1	transferor	transferor	NOUN
ftr-476	21	2	is	be	AUX
ftr-476	21	3	personally	personally	ADV
ftr-476	21	4	liable	liable	ADJ
ftr-476	21	5	and	and	CCONJ
ftr-476	21	6	remains	remain	VERB
ftr-476	21	7	personally	personally	ADV
ftr-476	21	8	liable	liable	ADJ
ftr-476	21	9	;	;	PUNCT
ftr-476	21	10	the	the	DET
ftr-476	21	11	corporation	corporation	NOUN
ftr-476	21	12	assumes	assume	VERB
ftr-476	21	13	the	the	DET
ftr-476	21	14	debt	debt	NOUN
ftr-476	21	15	..........................	..........................	PUNCT
ftr-476	21	16	307	307	NUM
ftr-476	21	17	4	4	NUM
ftr-476	21	18	.	.	PUNCT
ftr-476	22	1	transferor	transferor	NOUN
ftr-476	22	2	is	be	AUX
ftr-476	22	3	not	not	PART
ftr-476	22	4	personally	personally	ADV
ftr-476	22	5	liable	liable	ADJ
ftr-476	22	6	but	but	CCONJ
ftr-476	22	7	the	the	DET
ftr-476	22	8	transferred	transfer	VERB
ftr-476	22	9	property	property	NOUN
ftr-476	22	10	is	be	AUX
ftr-476	22	11	subject	subject	ADJ
ftr-476	22	12	to	to	ADP
ftr-476	22	13	a	a	DET
ftr-476	22	14	debt	debt	NOUN
ftr-476	22	15	....	....	PUNCT
ftr-476	23	1	308	308	NUM
ftr-476	23	2	5	5	NUM
ftr-476	23	3	.	.	PUNCT
ftr-476	24	1	transferor	transferor	NOUN
ftr-476	24	2	notes	note	NOUN
ftr-476	24	3	....................	....................	PUNCT
ftr-476	25	1	310	310	NUM
ftr-476	25	2	v.	v.	ADP
ftr-476	25	3	an	an	DET
ftr-476	25	4	obligation	obligation	NOUN
ftr-476	25	5	given	give	VERB
ftr-476	25	6	with	with	ADP
ftr-476	25	7	a	a	DET
ftr-476	25	8	section	section	NOUN
ftr-476	25	9	351	351	NUM
ftr-476	25	10	exchange	exchange	NOUN
ftr-476	25	11	can	can	AUX
ftr-476	25	12	be	be	AUX
ftr-476	25	13	characterized	characterize	VERB
ftr-476	25	14	as	as	ADP
ftr-476	25	15	a	a	DET
ftr-476	25	16	purchase	purchase	NOUN
ftr-476	25	17	money	money	NOUN
ftr-476	25	18	obligation	obligation	NOUN
ftr-476	25	19	to	to	PART
ftr-476	25	20	make	make	VERB
ftr-476	25	21	a	a	DET
ftr-476	25	22	contingent	contingent	ADJ
ftr-476	25	23	contribution	contribution	NOUN
ftr-476	25	24	to	to	ADP
ftr-476	25	25	capital	capital	NOUN
ftr-476	25	26	.....................................	.....................................	PUNCT
ftr-476	26	1	311	311	NUM
ftr-476	26	2	a	a	PRON
ftr-476	26	3	.	.	PUNCT
ftr-476	27	1	overview	overview	NOUN
ftr-476	27	2	...............................	...............................	PUNCT
ftr-476	28	1	311	311	NUM
ftr-476	28	2	b.	b.	NOUN
ftr-476	28	3	treatment	treatment	NOUN
ftr-476	28	4	of	of	ADP
ftr-476	28	5	obligations	obligation	NOUN
ftr-476	28	6	issued	issue	VERB
ftr-476	28	7	for	for	ADP
ftr-476	28	8	stock	stock	NOUN
ftr-476	28	9	outside	outside	ADP
ftr-476	28	10	section	section	NOUN
ftr-476	28	11	351	351	NUM
ftr-476	28	12	.............................	.............................	PUNCT
ftr-476	28	13	312	312	NUM
ftr-476	28	14	c.	c.	NOUN
ftr-476	28	15	issues	issue	NOUN
ftr-476	28	16	peculiar	peculiar	ADJ
ftr-476	28	17	to	to	AUX
ftr-476	28	18	section	section	VERB
ftr-476	28	19	351	351	NUM
ftr-476	28	20	controlling	control	VERB
ftr-476	28	21	shareholders	shareholder	NOUN
ftr-476	28	22	;	;	PUNCT
ftr-476	28	23	treating	treat	VERB
ftr-476	28	24	transferor	transferor	NOUN
ftr-476	28	25	's	's	PART
ftr-476	28	26	obligation	obligation	NOUN
ftr-476	28	27	as	as	ADP
ftr-476	28	28	contingent	contingent	ADJ
ftr-476	28	29	d	d	PROPN
ftr-476	28	30	ebt	ebt	PROPN
ftr-476	28	31	...............................	...............................	PUNCT
ftr-476	28	32	315	315	NUM
ftr-476	28	33	1	1	NUM
ftr-476	28	34	.	.	PUNCT
ftr-476	29	1	overview	overview	NOUN
ftr-476	29	2	..........................	..........................	PUNCT
ftr-476	30	1	315	315	NUM
ftr-476	30	2	2	2	NUM
ftr-476	30	3	.	.	PUNCT
ftr-476	30	4	section	section	NOUN
ftr-476	30	5	351	351	NUM
ftr-476	30	6	transferor	transferor	NOUN
ftr-476	30	7	................	................	PUNCT
ftr-476	30	8	315	315	NUM
ftr-476	30	9	3	3	NUM
ftr-476	30	10	.	.	PUNCT
ftr-476	30	11	partner	partner	NOUN
ftr-476	30	12	transferor	transferor	NOUN
ftr-476	30	13	...................	...................	PUNCT
ftr-476	31	1	321	321	NUM
ftr-476	31	2	vi	vi	NOUN
ftr-476	31	3	.	.	NOUN
ftr-476	31	4	legislative	legislative	ADJ
ftr-476	31	5	or	or	CCONJ
ftr-476	31	6	administrative	administrative	ADJ
ftr-476	31	7	solutions	solution	NOUN
ftr-476	31	8	?	?	PUNCT
ftr-476	31	9	.	.	PUNCT
ftr-476	31	10	.	.	PUNCT
ftr-476	31	11	.	.	PUNCT
ftr-476	31	12	.	.	PUNCT
ftr-476	31	13	.	.	PUNCT
ftr-476	31	14	.	.	PUNCT
ftr-476	31	15	.	.	PUNCT
ftr-476	32	1	.	.	PUNCT
ftr-476	33	1	323	323	NUM
ftr-476	33	2	vii	vii	PROPN
ftr-476	33	3	.	.	PUNCT
ftr-476	33	4	conclusion	conclusion	NOUN
ftr-476	33	5	..................................	..................................	PUNCT
ftr-476	34	1	325	325	NUM
ftr-476	34	2	[	[	X
ftr-476	34	3	vol	vol	NOUN
ftr-476	34	4	2:5	2:5	NUM
ftr-476	34	5	zero	zero	NUM
ftr-476	34	6	basis	basis	NOUN
ftr-476	34	7	hoar	hoar	NOUN
ftr-476	34	8	i.	i.	NOUN
ftr-476	34	9	introduction	introduction	NOUN
ftr-476	34	10	in	in	ADP
ftr-476	34	11	lessinger	lessinger	NOUN
ftr-476	34	12	v.	v.	PROPN
ftr-476	34	13	commissioner	commissioner	NOUN
ftr-476	34	14	,	,	PUNCT
ftr-476	34	15	'	'	PUNCT
ftr-476	34	16	the	the	DET
ftr-476	34	17	court	court	NOUN
ftr-476	34	18	of	of	ADP
ftr-476	34	19	appeals	appeal	NOUN
ftr-476	34	20	for	for	ADP
ftr-476	34	21	the	the	DET
ftr-476	34	22	second	second	ADJ
ftr-476	34	23	circuit	circuit	NOUN
ftr-476	34	24	held	hold	VERB
ftr-476	34	25	that	that	SCONJ
ftr-476	34	26	the	the	DET
ftr-476	34	27	impact	impact	NOUN
ftr-476	34	28	of	of	ADP
ftr-476	34	29	section	section	NOUN
ftr-476	34	30	357(c)-which	357(c)-which	PROPN
ftr-476	34	31	requires	require	VERB
ftr-476	34	32	that	that	SCONJ
ftr-476	34	33	any	any	DET
ftr-476	34	34	excess	excess	NOUN
ftr-476	34	35	of	of	ADP
ftr-476	34	36	the	the	DET
ftr-476	34	37	debt	debt	NOUN
ftr-476	34	38	assumed	assume	VERB
ftr-476	34	39	or	or	CCONJ
ftr-476	34	40	taken	take	VERB
ftr-476	34	41	subject	subject	NOUN
ftr-476	34	42	to	to	ADP
ftr-476	34	43	by	by	ADP
ftr-476	34	44	the	the	DET
ftr-476	34	45	corporation	corporation	NOUN
ftr-476	34	46	in	in	ADP
ftr-476	34	47	a	a	DET
ftr-476	34	48	section	section	NOUN
ftr-476	34	49	351	351	NUM
ftr-476	34	50	exchange	exchange	NOUN
ftr-476	34	51	must	must	AUX
ftr-476	34	52	be	be	AUX
ftr-476	34	53	recognized	recognize	VERB
ftr-476	34	54	as	as	ADP
ftr-476	34	55	gain	gain	NOUN
ftr-476	34	56	by	by	ADP
ftr-476	34	57	the	the	DET
ftr-476	34	58	transferor	transferor	NOUN
ftr-476	34	59	/	/	SYM
ftr-476	34	60	shareholder	shareholder	NOUN
ftr-476	34	61	-	-	PUNCT
ftr-476	34	62	can	can	AUX
ftr-476	34	63	be	be	AUX
ftr-476	34	64	avoided	avoid	VERB
ftr-476	34	65	if	if	SCONJ
ftr-476	34	66	the	the	DET
ftr-476	34	67	shareholder	shareholder	NOUN
ftr-476	34	68	,	,	PUNCT
ftr-476	34	69	as	as	ADP
ftr-476	34	70	part	part	NOUN
ftr-476	34	71	of	of	ADP
ftr-476	34	72	the	the	DET
ftr-476	34	73	exchange	exchange	NOUN
ftr-476	34	74	,	,	PUNCT
ftr-476	34	75	promises	promise	VERB
ftr-476	34	76	to	to	PART
ftr-476	34	77	pay	pay	VERB
ftr-476	34	78	to	to	ADP
ftr-476	34	79	the	the	DET
ftr-476	34	80	corporation	corporation	NOUN
ftr-476	34	81	an	an	DET
ftr-476	34	82	amount	amount	NOUN
ftr-476	34	83	equal	equal	ADJ
ftr-476	34	84	to	to	ADP
ftr-476	34	85	the	the	DET
ftr-476	34	86	excess	excess	NOUN
ftr-476	34	87	.	.	PUNCT
ftr-476	35	1	continuing	continue	VERB
ftr-476	35	2	commentary	commentary	NOUN
ftr-476	35	3	on	on	ADP
ftr-476	35	4	the	the	DET
ftr-476	35	5	decision	decision	NOUN
ftr-476	35	6	indicates	indicate	VERB
ftr-476	35	7	that	that	SCONJ
ftr-476	35	8	disagreement	disagreement	NOUN
ftr-476	35	9	and	and	CCONJ
ftr-476	35	10	confusion	confusion	NOUN
ftr-476	35	11	persist	persist	VERB
ftr-476	35	12	about	about	ADP
ftr-476	35	13	the	the	DET
ftr-476	35	14	tax	tax	NOUN
ftr-476	35	15	consequences	consequence	NOUN
ftr-476	35	16	of	of	ADP
ftr-476	35	17	a	a	DET
ftr-476	35	18	shareholder	shareholder	NOUN
ftr-476	35	19	's	's	PART
ftr-476	35	20	issuance	issuance	NOUN
ftr-476	35	21	of	of	ADP
ftr-476	35	22	an	an	DET
ftr-476	35	23	obligation	obligation	NOUN
ftr-476	35	24	to	to	ADP
ftr-476	35	25	a	a	DET
ftr-476	35	26	controlled	control	VERB
ftr-476	35	27	corporation.2	corporation.2	NOUN
ftr-476	35	28	the	the	DET
ftr-476	35	29	commentary	commentary	NOUN
ftr-476	35	30	reflects	reflect	VERB
ftr-476	35	31	two	two	NUM
ftr-476	35	32	disturbing	disturbing	ADJ
ftr-476	35	33	views	view	NOUN
ftr-476	35	34	about	about	ADP
ftr-476	35	35	the	the	DET
ftr-476	35	36	problem	problem	NOUN
ftr-476	35	37	in	in	ADP
ftr-476	35	38	lessinger	lessinger	NOUN
ftr-476	35	39	.	.	PUNCT
ftr-476	36	1	one	one	NUM
ftr-476	36	2	view	view	NOUN
ftr-476	36	3	questions	question	VERB
ftr-476	36	4	the	the	DET
ftr-476	36	5	proposition	proposition	NOUN
ftr-476	36	6	that	that	SCONJ
ftr-476	36	7	a	a	DET
ftr-476	36	8	maker	maker	NOUN
ftr-476	36	9	has	have	AUX
ftr-476	36	10	no	no	DET
ftr-476	36	11	basis	basis	NOUN
ftr-476	36	12	(	(	PUNCT
ftr-476	36	13	or	or	CCONJ
ftr-476	36	14	a	a	DET
ftr-476	36	15	zero	zero	NUM
ftr-476	36	16	basis	basis	NOUN
ftr-476	36	17	)	)	PUNCT
ftr-476	36	18	in	in	ADP
ftr-476	36	19	his	his	PRON
ftr-476	36	20	or	or	CCONJ
ftr-476	36	21	her	her	PRON
ftr-476	36	22	own	own	ADJ
ftr-476	36	23	obligation	obligation	NOUN
ftr-476	36	24	.	.	PUNCT
ftr-476	36	25	'	'	PUNCT
ftr-476	37	1	the	the	DET
ftr-476	37	2	other	other	ADJ
ftr-476	37	3	view	view	NOUN
ftr-476	37	4	is	be	AUX
ftr-476	37	5	that	that	SCONJ
ftr-476	37	6	the	the	DET
ftr-476	37	7	lessinger	lessinger	ADJ
ftr-476	37	8	result	result	NOUN
ftr-476	37	9	can	can	AUX
ftr-476	37	10	best	well	ADV
ftr-476	37	11	be	be	AUX
ftr-476	37	12	justified	justify	VERB
ftr-476	37	13	by	by	ADP
ftr-476	37	14	a	a	DET
ftr-476	37	15	analyzing	analyzing	NOUN
ftr-476	37	16	the	the	DET
ftr-476	37	17	obligation	obligation	NOUN
ftr-476	37	18	as	as	SCONJ
ftr-476	37	19	if	if	SCONJ
ftr-476	37	20	it	it	PRON
ftr-476	37	21	were	be	AUX
ftr-476	37	22	cash.4	cash.4	PROPN
ftr-476	37	23	while	while	SCONJ
ftr-476	37	24	these	these	DET
ftr-476	37	25	views	view	NOUN
ftr-476	37	26	add	add	VERB
ftr-476	37	27	insight	insight	NOUN
ftr-476	37	28	on	on	ADP
ftr-476	37	29	some	some	DET
ftr-476	37	30	issues	issue	NOUN
ftr-476	37	31	,	,	PUNCT
ftr-476	37	32	they	they	PRON
ftr-476	37	33	fail	fail	VERB
ftr-476	37	34	to	to	PART
ftr-476	37	35	identify	identify	VERB
ftr-476	37	36	fully	fully	ADV
ftr-476	37	37	or	or	CCONJ
ftr-476	37	38	resolve	resolve	VERB
ftr-476	37	39	properly	properly	ADV
ftr-476	37	40	the	the	DET
ftr-476	37	41	range	range	NOUN
ftr-476	37	42	of	of	ADP
ftr-476	37	43	basic	basic	ADJ
ftr-476	37	44	issues	issue	NOUN
ftr-476	37	45	raised	raise	VERB
ftr-476	37	46	by	by	ADP
ftr-476	37	47	lessinger	lessinger	NOUN
ftr-476	37	48	,	,	PUNCT
ftr-476	37	49	including	include	VERB
ftr-476	37	50	(	(	PUNCT
ftr-476	37	51	1	1	X
ftr-476	37	52	)	)	PUNCT
ftr-476	37	53	whether	whether	SCONJ
ftr-476	37	54	lessinger	lessinger	ADJ
ftr-476	37	55	reaches	reach	VERB
ftr-476	37	56	a	a	DET
ftr-476	37	57	desirable	desirable	ADJ
ftr-476	37	58	result	result	NOUN
ftr-476	37	59	,	,	PUNCT
ftr-476	37	60	(	(	PUNCT
ftr-476	37	61	2	2	X
ftr-476	37	62	)	)	PUNCT
ftr-476	37	63	what	what	PRON
ftr-476	37	64	having	have	VERB
ftr-476	37	65	basis	basis	NOUN
ftr-476	37	66	in	in	ADP
ftr-476	37	67	one	one	PRON
ftr-476	37	68	's	's	PART
ftr-476	37	69	own	own	ADJ
ftr-476	37	70	obligation	obligation	NOUN
ftr-476	37	71	has	have	VERB
ftr-476	37	72	to	to	PART
ftr-476	37	73	do	do	VERB
ftr-476	37	74	with	with	ADP
ftr-476	37	75	that	that	DET
ftr-476	37	76	result	result	NOUN
ftr-476	37	77	,	,	PUNCT
ftr-476	37	78	(	(	PUNCT
ftr-476	37	79	3	3	X
ftr-476	37	80	)	)	PUNCT
ftr-476	37	81	what	what	DET
ftr-476	37	82	role	role	NOUN
ftr-476	37	83	a	a	DET
ftr-476	37	84	transferor	transferor	NOUN
ftr-476	37	85	's	's	PART
ftr-476	37	86	obligation	obligation	NOUN
ftr-476	37	87	should	should	AUX
ftr-476	37	88	generally	generally	ADV
ftr-476	37	89	play	play	VERB
ftr-476	37	90	in	in	ADP
ftr-476	37	91	section	section	NOUN
ftr-476	37	92	351	351	NUM
ftr-476	37	93	exchanges	exchange	NOUN
ftr-476	37	94	,	,	PUNCT
ftr-476	37	95	(	(	PUNCT
ftr-476	37	96	4	4	X
ftr-476	37	97	)	)	PUNCT
ftr-476	37	98	how	how	SCONJ
ftr-476	37	99	courts	court	NOUN
ftr-476	37	100	can	can	AUX
ftr-476	37	101	better	well	ADV
ftr-476	37	102	justify	justify	VERB
ftr-476	37	103	the	the	DET
ftr-476	37	104	lessinger	lessinger	ADJ
ftr-476	37	105	result	result	NOUN
ftr-476	37	106	when	when	SCONJ
ftr-476	37	107	appropriate	appropriate	ADJ
ftr-476	37	108	,	,	PUNCT
ftr-476	37	109	and	and	CCONJ
ftr-476	37	110	(	(	PUNCT
ftr-476	37	111	5	5	X
ftr-476	37	112	)	)	PUNCT
ftr-476	37	113	what	what	DET
ftr-476	37	114	legislative	legislative	ADJ
ftr-476	37	115	solution	solution	NOUN
ftr-476	37	116	or	or	CCONJ
ftr-476	37	117	administrative	administrative	ADJ
ftr-476	37	118	guidance	guidance	NOUN
ftr-476	37	119	may	may	AUX
ftr-476	37	120	be	be	AUX
ftr-476	37	121	desirable	desirable	ADJ
ftr-476	37	122	.	.	PUNCT
ftr-476	38	1	lessinger	lessinger	PROPN
ftr-476	38	2	involved	involve	VERB
ftr-476	38	3	a	a	DET
ftr-476	38	4	transfer	transfer	NOUN
ftr-476	38	5	of	of	ADP
ftr-476	38	6	"	"	PUNCT
ftr-476	38	7	property	property	NOUN
ftr-476	38	8	,	,	PUNCT
ftr-476	38	9	"	"	PUNCT
ftr-476	38	10	as	as	SCONJ
ftr-476	38	11	that	that	DET
ftr-476	38	12	term	term	NOUN
ftr-476	38	13	is	be	AUX
ftr-476	38	14	used	use	VERB
ftr-476	38	15	in	in	ADP
ftr-476	38	16	section	section	NOUN
ftr-476	38	17	351(a),5	351(a),5	NUM
ftr-476	38	18	by	by	ADP
ftr-476	38	19	a	a	DET
ftr-476	38	20	controlling	control	VERB
ftr-476	38	21	shareholder,6	shareholder,6	NOUN
ftr-476	38	22	sol	sol	NOUN
ftr-476	38	23	lessinger	lessinger	NOUN
ftr-476	38	24	,	,	PUNCT
ftr-476	38	25	to	to	ADP
ftr-476	38	26	his	his	PRON
ftr-476	38	27	pre1	pre1	PROPN
ftr-476	38	28	.	.	PUNCT
ftr-476	39	1	872	872	NUM
ftr-476	39	2	f.2d	f.2d	ADP
ftr-476	39	3	519	519	NUM
ftr-476	39	4	(	(	PUNCT
ftr-476	39	5	2d	2d	NUM
ftr-476	39	6	cir	cir	NOUN
ftr-476	39	7	.	.	PROPN
ftr-476	39	8	1989	1989	NUM
ftr-476	39	9	)	)	PUNCT
ftr-476	39	10	.	.	PUNCT
ftr-476	40	1	rev'g	rev'g	NOUN
ftr-476	40	2	85	85	NUM
ftr-476	40	3	t.c	t.c	PROPN
ftr-476	40	4	.	.	PROPN
ftr-476	40	5	824	824	NUM
ftr-476	40	6	(	(	PUNCT
ftr-476	40	7	1985	1985	NUM
ftr-476	40	8	)	)	PUNCT
ftr-476	40	9	.	.	PUNCT
ftr-476	41	1	2	2	X
ftr-476	41	2	.	.	X
ftr-476	41	3	for	for	ADP
ftr-476	41	4	recent	recent	ADJ
ftr-476	41	5	commentary	commentary	NOUN
ftr-476	41	6	,	,	PUNCT
ftr-476	41	7	see	see	VERB
ftr-476	41	8	kenneth	kenneth	PROPN
ftr-476	41	9	p.	p.	PROPN
ftr-476	41	10	brewer	brewer	PROPN
ftr-476	41	11	.	.	PUNCT
ftr-476	42	1	the	the	DET
ftr-476	42	2	zero	zero	NUM
ftr-476	42	3	basis	basis	NOUN
ftr-476	42	4	hoax	hoax	NOUN
ftr-476	42	5	,	,	PUNCT
ftr-476	42	6	63	63	NUM
ftr-476	42	7	tax	tax	NOUN
ftr-476	42	8	notes	note	NOUN
ftr-476	42	9	457	457	NUM
ftr-476	42	10	(	(	PUNCT
ftr-476	42	11	apr	apr	PROPN
ftr-476	42	12	.	.	PROPN
ftr-476	42	13	25	25	NUM
ftr-476	42	14	,	,	PUNCT
ftr-476	42	15	1994	1994	NUM
ftr-476	42	16	)	)	PUNCT
ftr-476	43	1	[	[	X
ftr-476	43	2	hereinafter	hereinafter	NOUN
ftr-476	43	3	brewer	brewer	NOUN
ftr-476	43	4	]	]	X
ftr-476	43	5	;	;	PUNCT
ftr-476	43	6	kenneth	kenneth	PROPN
ftr-476	43	7	p.	p.	PROPN
ftr-476	43	8	brewer	brewer	PROPN
ftr-476	43	9	.	.	PUNCT
ftr-476	44	1	revenge	revenge	NOUN
ftr-476	44	2	of	of	ADP
ftr-476	44	3	the	the	DET
ftr-476	44	4	zero	zero	NUM
ftr-476	44	5	basis	basis	NOUN
ftr-476	44	6	hoax	hoax	NOUN
ftr-476	44	7	,	,	PUNCT
ftr-476	44	8	64	64	NUM
ftr-476	44	9	tax	tax	NOUN
ftr-476	44	10	notes	note	NOUN
ftr-476	44	11	1615	1615	NUM
ftr-476	44	12	(	(	PUNCT
ftr-476	44	13	sept	sept	PROPN
ftr-476	44	14	.	.	PROPN
ftr-476	44	15	19	19	NUM
ftr-476	44	16	,	,	PUNCT
ftr-476	44	17	1994	1994	NUM
ftr-476	44	18	)	)	PUNCT
ftr-476	45	1	[	[	X
ftr-476	45	2	hereinafter	hereinafter	NOUN
ftr-476	45	3	brewer	brewer	NOUN
ftr-476	45	4	ill	ill	PROPN
ftr-476	45	5	;	;	PUNCT
ftr-476	45	6	kenneth	kenneth	PROPN
ftr-476	45	7	p.	p.	PROPN
ftr-476	45	8	brewer	brewer	PROPN
ftr-476	45	9	,	,	PUNCT
ftr-476	45	10	hoax	hoax	ADJ
ftr-476	45	11	busters	buster	NOUN
ftr-476	45	12	,	,	PUNCT
ftr-476	45	13	65	65	NUM
ftr-476	45	14	tax	tax	NOUN
ftr-476	45	15	notes	note	NOUN
ftr-476	45	16	778	778	NUM
ftr-476	45	17	(	(	PUNCT
ftr-476	45	18	nov	nov	PROPN
ftr-476	45	19	.	.	PROPN
ftr-476	45	20	7	7	NUM
ftr-476	45	21	.	.	NUM
ftr-476	45	22	1994	1994	NUM
ftr-476	45	23	)	)	PUNCT
ftr-476	45	24	;	;	PUNCT
ftr-476	45	25	j.	j.	PROPN
ftr-476	45	26	clifton	clifton	PROPN
ftr-476	45	27	fleming	fleming	PROPN
ftr-476	45	28	,	,	PUNCT
ftr-476	45	29	a	a	DET
ftr-476	45	30	second	second	ADJ
ftr-476	45	31	look	look	NOUN
ftr-476	45	32	at	at	ADP
ftr-476	45	33	the	the	DET
ftr-476	45	34	zero	zero	NUM
ftr-476	45	35	basis	basis	NOUN
ftr-476	45	36	hoax	hoax	NOUN
ftr-476	45	37	,	,	PUNCT
ftr-476	45	38	64	64	NUM
ftr-476	45	39	tax	tax	NOUN
ftr-476	45	40	notes	note	NOUN
ftr-476	45	41	811	811	NUM
ftr-476	45	42	(	(	PUNCT
ftr-476	45	43	aug	aug	PROPN
ftr-476	45	44	.	.	PROPN
ftr-476	45	45	8	8	NUM
ftr-476	45	46	.	.	NUM
ftr-476	45	47	1994	1994	NUM
ftr-476	45	48	)	)	PUNCT
ftr-476	45	49	;	;	PUNCT
ftr-476	45	50	ronald	ronald	PROPN
ftr-476	45	51	g.	g.	PROPN
ftr-476	45	52	bauer	bauer	PROPN
ftr-476	45	53	.	.	PUNCT
ftr-476	46	1	zero	zero	NUM
ftr-476	46	2	basis	basis	NOUN
ftr-476	46	3	opponent	opponent	NOUN
ftr-476	46	4	puts	put	VERB
ftr-476	46	5	in	in	ADP
ftr-476	46	6	his	his	PRON
ftr-476	46	7	two	two	NUM
ftr-476	46	8	cents	cent	NOUN
ftr-476	46	9	,	,	PUNCT
ftr-476	46	10	letter	letter	NOUN
ftr-476	46	11	to	to	ADP
ftr-476	46	12	the	the	DET
ftr-476	46	13	editor	editor	NOUN
ftr-476	46	14	,	,	PUNCT
ftr-476	46	15	65	65	NUM
ftr-476	46	16	tax	tax	NOUN
ftr-476	46	17	notes	note	NOUN
ftr-476	46	18	129	129	NUM
ftr-476	46	19	(	(	PUNCT
ftr-476	46	20	oct	oct	PROPN
ftr-476	46	21	.	.	PROPN
ftr-476	46	22	3	3	NUM
ftr-476	46	23	.	.	NUM
ftr-476	46	24	1994	1994	NUM
ftr-476	46	25	):	):	PUNCT
ftr-476	46	26	george	george	PROPN
ftr-476	46	27	k.	k.	PROPN
ftr-476	46	28	yin	yin	PROPN
ftr-476	46	29	.	.	PUNCT
ftr-476	47	1	was	be	AUX
ftr-476	47	2	lessinger	lessinger	ADJ
ftr-476	47	3	decided	decide	VERB
ftr-476	47	4	correctly	correctly	ADV
ftr-476	47	5	?	?	PUNCT
ftr-476	48	1	more	more	ADJ
ftr-476	48	2	on	on	ADP
ftr-476	48	3	zero	zero	NUM
ftr-476	48	4	basis	basis	NOUN
ftr-476	48	5	.	.	PUNCT
ftr-476	49	1	letter	letter	NOUN
ftr-476	49	2	to	to	ADP
ftr-476	49	3	the	the	DET
ftr-476	49	4	editor	editor	NOUN
ftr-476	49	5	,	,	PUNCT
ftr-476	49	6	65	65	NUM
ftr-476	49	7	tax	tax	NOUN
ftr-476	49	8	notes	note	NOUN
ftr-476	49	9	131	131	NUM
ftr-476	49	10	(	(	PUNCT
ftr-476	49	11	oct	oct	PROPN
ftr-476	49	12	.	.	PROPN
ftr-476	49	13	3	3	NUM
ftr-476	49	14	,	,	PUNCT
ftr-476	49	15	1994	1994	NUM
ftr-476	49	16	)	)	PUNCT
ftr-476	49	17	.	.	PUNCT
ftr-476	50	1	other	other	ADJ
ftr-476	50	2	articles	article	NOUN
ftr-476	50	3	on	on	ADP
ftr-476	50	4	the	the	DET
ftr-476	50	5	subject	subject	NOUN
ftr-476	50	6	not	not	PART
ftr-476	50	7	cited	cite	VERB
ftr-476	50	8	elsewhere	elsewhere	ADV
ftr-476	50	9	in	in	ADP
ftr-476	50	10	this	this	DET
ftr-476	50	11	article	article	NOUN
ftr-476	50	12	include	include	VERB
ftr-476	50	13	michael	michael	PROPN
ftr-476	50	14	m.	m.	PROPN
ftr-476	50	15	megaard	megaard	PROPN
ftr-476	50	16	&	&	CCONJ
ftr-476	50	17	susan	susan	PROPN
ftr-476	50	18	l.	l.	PROPN
ftr-476	50	19	megaard	megaard	PROPN
ftr-476	50	20	,	,	PUNCT
ftr-476	50	21	can	can	AUX
ftr-476	50	22	shareholder	shareholder	NOUN
ftr-476	50	23	's	's	PART
ftr-476	50	24	note	note	NOUN
ftr-476	50	25	avoid	avoid	VERB
ftr-476	50	26	gain	gain	NOUN
ftr-476	50	27	on	on	ADP
ftr-476	50	28	transfer	transfer	NOUN
ftr-476	50	29	of	of	ADP
ftr-476	50	30	excess	excess	ADJ
ftr-476	50	31	liabilities	liability	NOUN
ftr-476	50	32	?	?	PUNCT
ftr-476	51	1	71	71	NUM
ftr-476	51	2	j.	j.	PROPN
ftr-476	51	3	tax'n	tax'n	PRON
ftr-476	51	4	244	244	NUM
ftr-476	51	5	(	(	PUNCT
ftr-476	51	6	1989	1989	NUM
ftr-476	51	7	)	)	PUNCT
ftr-476	51	8	;	;	PUNCT
ftr-476	51	9	lee	lee	PROPN
ftr-476	51	10	a.	a.	PROPN
ftr-476	51	11	sheppard	sheppard	PROPN
ftr-476	51	12	,	,	PUNCT
ftr-476	51	13	reading	read	VERB
ftr-476	51	14	section	section	NOUN
ftr-476	51	15	357(c	357(c	PROPN
ftr-476	51	16	)	)	PUNCT
ftr-476	51	17	out	out	ADP
ftr-476	51	18	of	of	ADP
ftr-476	51	19	the	the	DET
ftr-476	51	20	code	code	NOUN
ftr-476	51	21	,	,	PUNCT
ftr-476	51	22	47	47	NUM
ftr-476	51	23	tax	tax	NOUN
ftr-476	51	24	notes	note	NOUN
ftr-476	51	25	1556	1556	NUM
ftr-476	51	26	(	(	PUNCT
ftr-476	51	27	jun	jun	PROPN
ftr-476	51	28	.	.	PROPN
ftr-476	51	29	25	25	NUM
ftr-476	51	30	,	,	PUNCT
ftr-476	51	31	1990	1990	NUM
ftr-476	51	32	)	)	PUNCT
ftr-476	51	33	;	;	PUNCT
ftr-476	51	34	colleen	colleen	PROPN
ftr-476	51	35	m.	m.	PROPN
ftr-476	51	36	martin	martin	PROPN
ftr-476	51	37	,	,	PUNCT
ftr-476	51	38	note	note	NOUN
ftr-476	51	39	,	,	PUNCT
ftr-476	51	40	lessinger	lessinger	ADJ
ftr-476	51	41	and	and	CCONJ
ftr-476	51	42	section	section	NOUN
ftr-476	51	43	357(c	357(c	PROPN
ftr-476	51	44	):	):	PUNCT
ftr-476	51	45	why	why	SCONJ
ftr-476	51	46	a	a	DET
ftr-476	51	47	personal	personal	ADJ
ftr-476	51	48	guarantee	guarantee	NOUN
ftr-476	51	49	should	should	AUX
ftr-476	51	50	result	result	VERB
ftr-476	51	51	in	in	ADP
ftr-476	51	52	owen	owen	PROPN
ftr-476	51	53	taxes	taxis	NOUN
ftr-476	51	54	?	?	PUNCT
ftr-476	51	55	.	.	PUNCT
ftr-476	52	1	10	10	NUM
ftr-476	52	2	va	va	PROPN
ftr-476	52	3	.	.	PUNCT
ftr-476	52	4	tax	tax	PROPN
ftr-476	52	5	.	.	PUNCT
ftr-476	53	1	rev	rev	PROPN
ftr-476	53	2	.	.	PROPN
ftr-476	53	3	215	215	NUM
ftr-476	53	4	(	(	PUNCT
ftr-476	53	5	1990	1990	NUM
ftr-476	53	6	)	)	PUNCT
ftr-476	53	7	;	;	PUNCT
ftr-476	53	8	louis	louis	PROPN
ftr-476	53	9	s.	s.	PROPN
ftr-476	53	10	nunes	nunes	PROPN
ftr-476	53	11	,	,	PUNCT
ftr-476	53	12	comment	comment	NOUN
ftr-476	53	13	,	,	PUNCT
ftr-476	53	14	taking	take	VERB
ftr-476	53	15	section	section	NOUN
ftr-476	53	16	357(c	357(c	PROPN
ftr-476	53	17	)	)	PUNCT
ftr-476	53	18	out	out	ADP
ftr-476	53	19	of	of	ADP
ftr-476	53	20	the	the	DET
ftr-476	53	21	scheme	scheme	NOUN
ftr-476	53	22	of	of	ADP
ftr-476	53	23	things	thing	NOUN
ftr-476	53	24	:	:	PUNCT
ftr-476	53	25	has	have	AUX
ftr-476	53	26	the	the	DET
ftr-476	53	27	second	second	ADJ
ftr-476	53	28	circuit	circuit	NOUN
ftr-476	53	29	stranded	strand	VERB
ftr-476	53	30	this	this	DET
ftr-476	53	31	section	section	NOUN
ftr-476	53	32	of	of	ADP
ftr-476	53	33	the	the	DET
ftr-476	53	34	internal	internal	ADJ
ftr-476	53	35	revenue	revenue	NOUN
ftr-476	53	36	code	code	NOUN
ftr-476	53	37	?	?	PUNCT
ftr-476	53	38	,	,	PUNCT
ftr-476	53	39	65	65	NUM
ftr-476	53	40	tul	tul	PROPN
ftr-476	53	41	.	.	PUNCT
ftr-476	53	42	l.	l.	PROPN
ftr-476	53	43	rev	rev	PROPN
ftr-476	53	44	.	.	PROPN
ftr-476	54	1	663	663	NUM
ftr-476	54	2	(	(	PUNCT
ftr-476	54	3	19911	19911	NUM
ftr-476	54	4	.	.	PUNCT
ftr-476	55	1	3	3	X
ftr-476	55	2	.	.	X
ftr-476	55	3	see	see	VERB
ftr-476	55	4	brewer	brewer	NOUN
ftr-476	55	5	,	,	PUNCT
ftr-476	55	6	supra	supra	PROPN
ftr-476	55	7	note	note	NOUN
ftr-476	55	8	2	2	NUM
ftr-476	55	9	;	;	PUNCT
ftr-476	55	10	but	but	CCONJ
ftr-476	55	11	see	see	VERB
ftr-476	55	12	brewer	brewer	NOUN
ftr-476	55	13	1i	1i	NOUN
ftr-476	55	14	,	,	PUNCT
ftr-476	55	15	supra	supra	PROPN
ftr-476	55	16	note	note	NOUN
ftr-476	55	17	2	2	NUM
ftr-476	55	18	(	(	PUNCT
ftr-476	55	19	clarifying	clarify	VERB
ftr-476	55	20	that	that	SCONJ
ftr-476	55	21	giving	give	VERB
ftr-476	55	22	basis	basis	NOUN
ftr-476	55	23	to	to	ADP
ftr-476	55	24	the	the	DET
ftr-476	55	25	obligation	obligation	NOUN
ftr-476	55	26	is	be	AUX
ftr-476	55	27	only	only	ADV
ftr-476	55	28	his	his	PRON
ftr-476	55	29	second	second	ADV
ftr-476	55	30	-	-	PUNCT
ftr-476	55	31	best	good	ADJ
ftr-476	55	32	approach	approach	NOUN
ftr-476	55	33	)	)	PUNCT
ftr-476	55	34	.	.	PUNCT
ftr-476	56	1	4	4	X
ftr-476	56	2	.	.	X
ftr-476	56	3	see	see	VERB
ftr-476	56	4	fleming	fleming	PROPN
ftr-476	56	5	,	,	PUNCT
ftr-476	56	6	supra	supra	PROPN
ftr-476	56	7	note	note	NOUN
ftr-476	56	8	2	2	NUM
ftr-476	56	9	.	.	SYM
ftr-476	56	10	5	5	NUM
ftr-476	56	11	.	.	X
ftr-476	56	12	section	section	NOUN
ftr-476	56	13	351	351	NUM
ftr-476	56	14	does	do	AUX
ftr-476	56	15	not	not	PART
ftr-476	56	16	define	define	VERB
ftr-476	56	17	"	"	PUNCT
ftr-476	56	18	property	property	NOUN
ftr-476	56	19	,	,	PUNCT
ftr-476	56	20	"	"	PUNCT
ftr-476	56	21	but	but	CCONJ
ftr-476	56	22	§	§	PROPN
ftr-476	56	23	351(d	351(d	PROPN
ftr-476	56	24	)	)	PUNCT
ftr-476	56	25	excludes	exclude	VERB
ftr-476	56	26	certain	certain	ADJ
ftr-476	56	27	items	item	NOUN
ftr-476	56	28	,	,	PUNCT
ftr-476	56	29	including	include	VERB
ftr-476	56	30	services	service	NOUN
ftr-476	56	31	,	,	PUNCT
ftr-476	56	32	which	which	PRON
ftr-476	56	33	resemble	resemble	VERB
ftr-476	56	34	a	a	DET
ftr-476	56	35	maker	maker	NOUN
ftr-476	56	36	's	's	PART
ftr-476	56	37	obligation	obligation	NOUN
ftr-476	56	38	in	in	ADP
ftr-476	56	39	that	that	DET
ftr-476	56	40	services	service	NOUN
ftr-476	56	41	are	be	AUX
ftr-476	56	42	created	create	VERB
ftr-476	56	43	by	by	ADP
ftr-476	56	44	the	the	DET
ftr-476	56	45	1994	1994	NUM
ftr-476	56	46	]	]	PUNCT
ftr-476	56	47	florida	florida	PROPN
ftr-476	56	48	tax	tax	PROPN
ftr-476	56	49	review	review	NOUN
ftr-476	56	50	existing	exist	VERB
ftr-476	56	51	wholly	wholly	ADV
ftr-476	56	52	owned	own	VERB
ftr-476	56	53	corporation	corporation	NOUN
ftr-476	56	54	in	in	ADP
ftr-476	56	55	exchange	exchange	NOUN
ftr-476	56	56	for	for	ADP
ftr-476	56	57	stock	stock	NOUN
ftr-476	56	58	(	(	PUNCT
ftr-476	56	59	actually	actually	ADV
ftr-476	56	60	a	a	DET
ftr-476	56	61	deemed	deemed	ADJ
ftr-476	56	62	issuance	issuance	NOUN
ftr-476	56	63	of	of	ADP
ftr-476	56	64	additional	additional	ADJ
ftr-476	56	65	stock	stock	NOUN
ftr-476	56	66	)	)	PUNCT
ftr-476	56	67	,	,	PUNCT
ftr-476	56	68	coupled	couple	VERB
ftr-476	56	69	with	with	ADP
ftr-476	56	70	the	the	DET
ftr-476	56	71	corporation	corporation	NOUN
ftr-476	56	72	's	's	PART
ftr-476	56	73	assumption	assumption	NOUN
ftr-476	56	74	of	of	ADP
ftr-476	56	75	debts	debt	NOUN
ftr-476	56	76	of	of	ADP
ftr-476	56	77	the	the	DET
ftr-476	56	78	shareholder	shareholder	NOUN
ftr-476	56	79	in	in	ADP
ftr-476	56	80	an	an	DET
ftr-476	56	81	amount	amount	NOUN
ftr-476	56	82	exceeding	exceed	VERB
ftr-476	56	83	the	the	DET
ftr-476	56	84	property	property	NOUN
ftr-476	56	85	's	's	PART
ftr-476	56	86	basis	basis	NOUN
ftr-476	56	87	.	.	PUNCT
ftr-476	57	1	the	the	DET
ftr-476	57	2	court	court	NOUN
ftr-476	57	3	found	find	VERB
ftr-476	57	4	the	the	DET
ftr-476	57	5	nonrecognition	nonrecognition	NOUN
ftr-476	57	6	rule	rule	NOUN
ftr-476	57	7	of	of	ADP
ftr-476	57	8	section	section	NOUN
ftr-476	57	9	351	351	NUM
ftr-476	57	10	applicable	applicable	ADJ
ftr-476	57	11	to	to	ADP
ftr-476	57	12	the	the	DET
ftr-476	57	13	transfer	transfer	NOUN
ftr-476	57	14	.	.	PUNCT
ftr-476	58	1	under	under	ADP
ftr-476	58	2	the	the	DET
ftr-476	58	3	basis	basis	NOUN
ftr-476	58	4	rules	rule	NOUN
ftr-476	58	5	for	for	ADP
ftr-476	58	6	section	section	NOUN
ftr-476	58	7	351	351	NUM
ftr-476	58	8	exchanges	exchange	NOUN
ftr-476	58	9	,	,	PUNCT
ftr-476	58	10	sol	sol	NOUN
ftr-476	58	11	's	's	PART
ftr-476	58	12	basis	basis	NOUN
ftr-476	58	13	for	for	ADP
ftr-476	58	14	the	the	DET
ftr-476	58	15	transferred	transfer	VERB
ftr-476	58	16	property	property	NOUN
ftr-476	58	17	became	become	VERB
ftr-476	58	18	the	the	DET
ftr-476	58	19	corporation	corporation	NOUN
ftr-476	58	20	's	's	PART
ftr-476	58	21	basis	basis	NOUN
ftr-476	58	22	for	for	ADP
ftr-476	58	23	the	the	DET
ftr-476	58	24	property	property	NOUN
ftr-476	58	25	,	,	PUNCT
ftr-476	58	26	and	and	CCONJ
ftr-476	58	27	his	his	PRON
ftr-476	58	28	basis	basis	NOUN
ftr-476	58	29	for	for	SCONJ
ftr-476	58	30	the	the	DET
ftr-476	58	31	stock	stock	NOUN
ftr-476	58	32	deemed	deem	VERB
ftr-476	58	33	received	receive	VERB
ftr-476	58	34	in	in	ADP
ftr-476	58	35	the	the	DET
ftr-476	58	36	transaction	transaction	NOUN
ftr-476	58	37	equaled	equal	VERB
ftr-476	58	38	the	the	DET
ftr-476	58	39	property	property	NOUN
ftr-476	58	40	's	's	PART
ftr-476	58	41	basis	basis	NOUN
ftr-476	58	42	,	,	PUNCT
ftr-476	58	43	reduced	reduce	VERB
ftr-476	58	44	by	by	ADP
ftr-476	58	45	the	the	DET
ftr-476	58	46	debts	debt	NOUN
ftr-476	58	47	assumed	assume	VERB
ftr-476	58	48	by	by	ADP
ftr-476	58	49	the	the	DET
ftr-476	58	50	corporation.7	corporation.7	PROPN
ftr-476	58	51	the	the	DET
ftr-476	58	52	tax	tax	NOUN
ftr-476	58	53	basis	basis	NOUN
ftr-476	58	54	rules	rule	NOUN
ftr-476	58	55	effectively	effectively	ADV
ftr-476	58	56	preserve	preserve	VERB
ftr-476	58	57	and	and	CCONJ
ftr-476	58	58	double	double	DET
ftr-476	58	59	any	any	DET
ftr-476	58	60	gain	gain	NOUN
ftr-476	58	61	or	or	CCONJ
ftr-476	58	62	loss	loss	NOUN
ftr-476	58	63	that	that	PRON
ftr-476	58	64	goes	goes	AUX
ftr-476	58	65	unrecognized	unrecognize	VERB
ftr-476	58	66	in	in	ADP
ftr-476	58	67	the	the	DET
ftr-476	58	68	section	section	NOUN
ftr-476	58	69	351	351	NUM
ftr-476	58	70	exchange	exchange	NOUN
ftr-476	58	71	.	.	PUNCT
ftr-476	59	1	sol	sol	PROPN
ftr-476	59	2	's	's	PART
ftr-476	59	3	basis	basis	NOUN
ftr-476	59	4	in	in	ADP
ftr-476	59	5	the	the	DET
ftr-476	59	6	transferred	transfer	VERB
ftr-476	59	7	property	property	NOUN
ftr-476	59	8	was	be	AUX
ftr-476	59	9	less	less	ADJ
ftr-476	59	10	than	than	ADP
ftr-476	59	11	the	the	DET
ftr-476	59	12	amount	amount	NOUN
ftr-476	59	13	of	of	ADP
ftr-476	59	14	his	his	PRON
ftr-476	59	15	debt	debt	NOUN
ftr-476	59	16	assumed	assume	VERB
ftr-476	59	17	by	by	ADP
ftr-476	59	18	the	the	DET
ftr-476	59	19	corporation	corporation	NOUN
ftr-476	59	20	.	.	PUNCT
ftr-476	60	1	section	section	NOUN
ftr-476	60	2	357(c	357(c	PROPN
ftr-476	60	3	)	)	PUNCT
ftr-476	60	4	alters	alter	VERB
ftr-476	60	5	the	the	DET
ftr-476	60	6	nonrecognition	nonrecognition	NOUN
ftr-476	60	7	rule	rule	NOUN
ftr-476	60	8	of	of	ADP
ftr-476	60	9	section	section	NOUN
ftr-476	60	10	351(a	351(a	NUM
ftr-476	60	11	)	)	PUNCT
ftr-476	60	12	by	by	ADP
ftr-476	60	13	requiring	require	VERB
ftr-476	60	14	the	the	DET
ftr-476	60	15	transferor	transferor	NOUN
ftr-476	60	16	/	/	SYM
ftr-476	60	17	shareholder	shareholder	NOUN
ftr-476	60	18	to	to	PART
ftr-476	60	19	recognize	recognize	VERB
ftr-476	60	20	gain	gain	NOUN
ftr-476	60	21	equal	equal	ADJ
ftr-476	60	22	to	to	ADP
ftr-476	60	23	any	any	DET
ftr-476	60	24	amount	amount	NOUN
ftr-476	60	25	by	by	ADP
ftr-476	60	26	which	which	DET
ftr-476	60	27	debt	debt	NOUN
ftr-476	60	28	that	that	PRON
ftr-476	60	29	the	the	DET
ftr-476	60	30	corporation	corporation	NOUN
ftr-476	60	31	assumes	assume	VERB
ftr-476	60	32	or	or	CCONJ
ftr-476	60	33	takes	take	VERB
ftr-476	60	34	subject	subject	NOUN
ftr-476	60	35	to	to	ADP
ftr-476	60	36	in	in	ADP
ftr-476	60	37	a	a	DET
ftr-476	60	38	section	section	NOUN
ftr-476	60	39	351	351	NUM
ftr-476	60	40	exchange	exchange	NOUN
ftr-476	60	41	exceeds	exceed	VERB
ftr-476	60	42	the	the	DET
ftr-476	60	43	adjusted	adjusted	ADJ
ftr-476	60	44	basis	basis	NOUN
ftr-476	60	45	of	of	ADP
ftr-476	60	46	the	the	DET
ftr-476	60	47	transferred	transfer	VERB
ftr-476	60	48	property	property	NOUN
ftr-476	60	49	.	.	PUNCT
ftr-476	61	1	sol	sol	PROPN
ftr-476	61	2	tried	try	VERB
ftr-476	61	3	to	to	PART
ftr-476	61	4	avoid	avoid	VERB
ftr-476	61	5	the	the	DET
ftr-476	61	6	application	application	NOUN
ftr-476	61	7	of	of	ADP
ftr-476	61	8	section	section	NOUN
ftr-476	61	9	357(c	357(c	PROPN
ftr-476	61	10	)	)	PUNCT
ftr-476	61	11	by	by	ADP
ftr-476	61	12	issuing	issue	VERB
ftr-476	61	13	his	his	PRON
ftr-476	61	14	own	own	ADJ
ftr-476	61	15	obligation	obligation	NOUN
ftr-476	61	16	to	to	ADP
ftr-476	61	17	the	the	DET
ftr-476	61	18	corporation	corporation	NOUN
ftr-476	61	19	.	.	PUNCT
ftr-476	62	1	he	he	PRON
ftr-476	62	2	did	do	VERB
ftr-476	62	3	this	this	PRON
ftr-476	62	4	by	by	ADP
ftr-476	62	5	entering	enter	VERB
ftr-476	62	6	in	in	ADP
ftr-476	62	7	the	the	DET
ftr-476	62	8	corporation	corporation	NOUN
ftr-476	62	9	's	's	PART
ftr-476	62	10	books	book	NOUN
ftr-476	62	11	an	an	DET
ftr-476	62	12	account	account	NOUN
ftr-476	62	13	receivable	receivable	NOUN
ftr-476	62	14	from	from	ADP
ftr-476	62	15	himself	himself	PRON
ftr-476	62	16	for	for	ADP
ftr-476	62	17	the	the	DET
ftr-476	62	18	amount	amount	NOUN
ftr-476	62	19	of	of	ADP
ftr-476	62	20	the	the	DET
ftr-476	62	21	excess	excess	ADJ
ftr-476	62	22	debt	debt	NOUN
ftr-476	62	23	.	.	PUNCT
ftr-476	63	1	the	the	DET
ftr-476	63	2	entry	entry	NOUN
ftr-476	63	3	was	be	AUX
ftr-476	63	4	purportedly	purportedly	ADV
ftr-476	63	5	part	part	NOUN
ftr-476	63	6	of	of	ADP
ftr-476	63	7	the	the	DET
ftr-476	63	8	section	section	NOUN
ftr-476	63	9	351	351	NUM
ftr-476	63	10	transaction	transaction	NOUN
ftr-476	63	11	,	,	PUNCT
ftr-476	63	12	but	but	CCONJ
ftr-476	63	13	it	it	PRON
ftr-476	63	14	was	be	AUX
ftr-476	63	15	not	not	PART
ftr-476	63	16	made	make	VERB
ftr-476	63	17	until	until	ADP
ftr-476	63	18	five	five	NUM
ftr-476	63	19	months	month	NOUN
ftr-476	63	20	after	after	ADP
ftr-476	63	21	the	the	DET
ftr-476	63	22	debt	debt	NOUN
ftr-476	63	23	assumption	assumption	NOUN
ftr-476	63	24	.	.	PUNCT
ftr-476	64	1	in	in	ADP
ftr-476	64	2	similar	similar	ADJ
ftr-476	64	3	cases	case	NOUN
ftr-476	64	4	,	,	PUNCT
ftr-476	64	5	the	the	DET
ftr-476	64	6	service	service	NOUN
ftr-476	64	7	and	and	CCONJ
ftr-476	64	8	the	the	DET
ftr-476	64	9	courts	court	NOUN
ftr-476	64	10	have	have	AUX
ftr-476	64	11	ruled	rule	VERB
ftr-476	64	12	that	that	SCONJ
ftr-476	64	13	a	a	DET
ftr-476	64	14	transferor	transferor	NOUN
ftr-476	64	15	like	like	ADP
ftr-476	64	16	sol	sol	NOUN
ftr-476	64	17	must	must	AUX
ftr-476	64	18	recognize	recognize	VERB
ftr-476	64	19	gain	gain	NOUN
ftr-476	64	20	under	under	ADP
ftr-476	64	21	section	section	NOUN
ftr-476	64	22	357(c	357(c	PROPN
ftr-476	64	23	)	)	PUNCT
ftr-476	64	24	,	,	PUNCT
ftr-476	64	25	notwithstanding	notwithstanding	ADP
ftr-476	64	26	the	the	DET
ftr-476	64	27	transferor	transferor	NOUN
ftr-476	64	28	's	's	PART
ftr-476	64	29	promise	promise	NOUN
ftr-476	64	30	to	to	PART
ftr-476	64	31	pay	pay	VERB
ftr-476	64	32	to	to	ADP
ftr-476	64	33	the	the	DET
ftr-476	64	34	corporation	corporation	NOUN
ftr-476	64	35	an	an	DET
ftr-476	64	36	amount	amount	NOUN
ftr-476	64	37	equal	equal	ADJ
ftr-476	64	38	to	to	ADP
ftr-476	64	39	the	the	DET
ftr-476	64	40	excess	excess	ADJ
ftr-476	64	41	debt.8	debt.8	NOUN
ftr-476	64	42	the	the	DET
ftr-476	64	43	tax	tax	NOUN
ftr-476	64	44	court	court	NOUN
ftr-476	64	45	in	in	ADP
ftr-476	64	46	lessinger	lessinger	NOUN
ftr-476	64	47	dispatched	dispatch	VERB
ftr-476	64	48	sol	sol	NOUN
ftr-476	64	49	's	's	PART
ftr-476	64	50	arguments	argument	NOUN
ftr-476	64	51	summarily	summarily	ADV
ftr-476	64	52	on	on	ADP
ftr-476	64	53	the	the	DET
ftr-476	64	54	basis	basis	NOUN
ftr-476	64	55	of	of	ADP
ftr-476	64	56	its	its	PRON
ftr-476	64	57	earlier	early	ADJ
ftr-476	64	58	decisions	decision	NOUN
ftr-476	64	59	,	,	PUNCT
ftr-476	64	60	observing	observe	VERB
ftr-476	64	61	that	that	SCONJ
ftr-476	64	62	either	either	CCONJ
ftr-476	64	63	(	(	PUNCT
ftr-476	64	64	1	1	X
ftr-476	64	65	)	)	PUNCT
ftr-476	64	66	his	his	PRON
ftr-476	64	67	obligation	obligation	NOUN
ftr-476	64	68	should	should	AUX
ftr-476	64	69	be	be	AUX
ftr-476	64	70	ignored	ignore	VERB
ftr-476	64	71	as	as	ADP
ftr-476	64	72	artificial	artificial	ADJ
ftr-476	64	73	and	and	CCONJ
ftr-476	64	74	not	not	PART
ftr-476	64	75	a	a	DET
ftr-476	64	76	true	true	ADJ
ftr-476	64	77	asset	asset	NOUN
ftr-476	64	78	of	of	ADP
ftr-476	64	79	the	the	DET
ftr-476	64	80	corporation	corporation	NOUN
ftr-476	64	81	or	or	CCONJ
ftr-476	64	82	(	(	PUNCT
ftr-476	64	83	2	2	X
ftr-476	64	84	)	)	PUNCT
ftr-476	64	85	the	the	DET
ftr-476	64	86	obligation	obligation	NOUN
ftr-476	64	87	was	be	AUX
ftr-476	64	88	"	"	PUNCT
ftr-476	64	89	property	property	NOUN
ftr-476	64	90	"	"	PUNCT
ftr-476	64	91	transferred	transfer	VERB
ftr-476	64	92	to	to	ADP
ftr-476	64	93	the	the	DET
ftr-476	64	94	corporation	corporation	NOUN
ftr-476	64	95	under	under	ADP
ftr-476	64	96	section	section	NOUN
ftr-476	64	97	351	351	NUM
ftr-476	64	98	but	but	CCONJ
ftr-476	64	99	had	have	VERB
ftr-476	64	100	a	a	DET
ftr-476	64	101	zero	zero	NUM
ftr-476	64	102	basis	basis	NOUN
ftr-476	64	103	and	and	CCONJ
ftr-476	64	104	therefore	therefore	ADV
ftr-476	64	105	did	do	AUX
ftr-476	64	106	not	not	PART
ftr-476	64	107	reduce	reduce	VERB
ftr-476	64	108	the	the	DET
ftr-476	64	109	imbalance	imbalance	NOUN
ftr-476	64	110	of	of	ADP
ftr-476	64	111	debt	debt	NOUN
ftr-476	64	112	assumed	assume	VERB
ftr-476	64	113	in	in	ADP
ftr-476	64	114	excess	excess	NOUN
ftr-476	64	115	of	of	ADP
ftr-476	64	116	basis	basis	NOUN
ftr-476	64	117	in	in	ADP
ftr-476	64	118	property	property	NOUN
ftr-476	64	119	transferred.9	transferred.9	NOUN
ftr-476	64	120	the	the	DET
ftr-476	64	121	second	second	ADJ
ftr-476	64	122	circuit	circuit	NOUN
ftr-476	64	123	reversed	reverse	VERB
ftr-476	64	124	.	.	PUNCT
ftr-476	65	1	it	it	PRON
ftr-476	65	2	did	do	AUX
ftr-476	65	3	not	not	PART
ftr-476	65	4	say	say	VERB
ftr-476	65	5	that	that	SCONJ
ftr-476	65	6	sol	sol	NOUN
ftr-476	65	7	had	have	VERB
ftr-476	65	8	a	a	DET
ftr-476	65	9	basis	basis	NOUN
ftr-476	65	10	for	for	ADP
ftr-476	65	11	his	his	PRON
ftr-476	65	12	obligation	obligation	NOUN
ftr-476	65	13	.	.	PUNCT
ftr-476	66	1	it	it	PRON
ftr-476	66	2	did	do	AUX
ftr-476	66	3	not	not	PART
ftr-476	66	4	deny	deny	VERB
ftr-476	66	5	that	that	SCONJ
ftr-476	66	6	the	the	DET
ftr-476	66	7	corporation	corporation	NOUN
ftr-476	66	8	assumed	assume	VERB
ftr-476	66	9	sol	sol	PROPN
ftr-476	66	10	's	's	PART
ftr-476	66	11	debt	debt	NOUN
ftr-476	66	12	.	.	PUNCT
ftr-476	67	1	services	service	NOUN
ftr-476	67	2	-	-	PUNCT
ftr-476	67	3	performer	performer	NOUN
ftr-476	67	4	,	,	PUNCT
ftr-476	67	5	usually	usually	ADV
ftr-476	67	6	without	without	ADP
ftr-476	67	7	incurring	incur	VERB
ftr-476	67	8	cost	cost	NOUN
ftr-476	67	9	.	.	PUNCT
ftr-476	68	1	see	see	VERB
ftr-476	68	2	raich	raich	PROPN
ftr-476	68	3	v.	v.	PROPN
ftr-476	68	4	commissioner	commissioner	PROPN
ftr-476	68	5	,	,	PUNCT
ftr-476	68	6	46	46	NUM
ftr-476	68	7	t.c	t.c	PROPN
ftr-476	68	8	.	.	PROPN
ftr-476	68	9	604	604	NUM
ftr-476	68	10	,	,	PUNCT
ftr-476	68	11	610	610	NUM
ftr-476	68	12	(	(	PUNCT
ftr-476	68	13	1966	1966	NUM
ftr-476	68	14	)	)	PUNCT
ftr-476	68	15	(	(	PUNCT
ftr-476	68	16	holding	hold	VERB
ftr-476	68	17	that	that	SCONJ
ftr-476	68	18	a	a	DET
ftr-476	68	19	cash	cash	NOUN
ftr-476	68	20	method	method	NOUN
ftr-476	68	21	taxpayer	taxpayer	NOUN
ftr-476	68	22	has	have	VERB
ftr-476	68	23	no	no	DET
ftr-476	68	24	basis	basis	NOUN
ftr-476	68	25	in	in	ADP
ftr-476	68	26	his	his	PRON
ftr-476	68	27	services	service	NOUN
ftr-476	68	28	or	or	CCONJ
ftr-476	68	29	accounts	account	VERB
ftr-476	68	30	receivable	receivable	ADJ
ftr-476	68	31	therefor	therefor	ADV
ftr-476	68	32	)	)	PUNCT
ftr-476	68	33	,	,	PUNCT
ftr-476	68	34	overruled	overrule	VERB
ftr-476	68	35	on	on	ADP
ftr-476	68	36	other	other	ADJ
ftr-476	68	37	grounds	ground	NOUN
ftr-476	68	38	by	by	ADP
ftr-476	68	39	focht	focht	NOUN
ftr-476	68	40	v.	v.	ADP
ftr-476	68	41	commissioner	commissioner	NOUN
ftr-476	68	42	,	,	PUNCT
ftr-476	68	43	68	68	NUM
ftr-476	68	44	t.c	t.c	PROPN
ftr-476	68	45	.	.	PROPN
ftr-476	68	46	223	223	NUM
ftr-476	68	47	(	(	PUNCT
ftr-476	68	48	1977	1977	NUM
ftr-476	68	49	)	)	PUNCT
ftr-476	68	50	.	.	PUNCT
ftr-476	69	1	6	6	X
ftr-476	69	2	.	.	X
ftr-476	69	3	a	a	DET
ftr-476	69	4	transferor	transferor	NOUN
ftr-476	69	5	has	have	VERB
ftr-476	69	6	control	control	NOUN
ftr-476	69	7	for	for	ADP
ftr-476	69	8	purposes	purpose	NOUN
ftr-476	69	9	of	of	ADP
ftr-476	69	10	§	§	PROPN
ftr-476	69	11	351	351	NUM
ftr-476	69	12	if	if	SCONJ
ftr-476	69	13	,	,	PUNCT
ftr-476	69	14	immediately	immediately	ADV
ftr-476	69	15	after	after	ADP
ftr-476	69	16	the	the	DET
ftr-476	69	17	transfer	transfer	NOUN
ftr-476	69	18	,	,	PUNCT
ftr-476	69	19	the	the	DET
ftr-476	69	20	transferor	transferor	NOUN
ftr-476	69	21	(	(	PUNCT
ftr-476	69	22	alone	alone	ADJ
ftr-476	69	23	or	or	CCONJ
ftr-476	69	24	together	together	ADV
ftr-476	69	25	with	with	ADP
ftr-476	69	26	others	other	NOUN
ftr-476	69	27	making	make	VERB
ftr-476	69	28	contemporaneous	contemporaneous	ADJ
ftr-476	69	29	transfers	transfer	NOUN
ftr-476	69	30	of	of	ADP
ftr-476	69	31	property	property	NOUN
ftr-476	69	32	in	in	ADP
ftr-476	69	33	exchange	exchange	NOUN
ftr-476	69	34	for	for	ADP
ftr-476	69	35	stock	stock	NOUN
ftr-476	69	36	)	)	PUNCT
ftr-476	69	37	owns	own	VERB
ftr-476	69	38	stock	stock	NOUN
ftr-476	69	39	of	of	ADP
ftr-476	69	40	the	the	DET
ftr-476	69	41	corporation	corporation	NOUN
ftr-476	69	42	carrying	carry	VERB
ftr-476	69	43	80	80	NUM
ftr-476	69	44	%	%	NOUN
ftr-476	69	45	of	of	ADP
ftr-476	69	46	the	the	DET
ftr-476	69	47	voting	voting	NOUN
ftr-476	69	48	power	power	NOUN
ftr-476	69	49	and	and	CCONJ
ftr-476	69	50	also	also	ADV
ftr-476	69	51	owns	own	VERB
ftr-476	69	52	80	80	NUM
ftr-476	69	53	%	%	NOUN
ftr-476	69	54	of	of	ADP
ftr-476	69	55	each	each	DET
ftr-476	69	56	class	class	NOUN
ftr-476	69	57	of	of	ADP
ftr-476	69	58	nonvoting	nonvoting	ADJ
ftr-476	69	59	stock	stock	NOUN
ftr-476	69	60	.	.	PUNCT
ftr-476	70	1	irc	irc	PROPN
ftr-476	70	2	§	§	PROPN
ftr-476	70	3	§	§	PROPN
ftr-476	70	4	351(a	351(a	PROPN
ftr-476	70	5	)	)	PUNCT
ftr-476	70	6	,	,	PUNCT
ftr-476	70	7	368(c	368(c	PROPN
ftr-476	70	8	)	)	PUNCT
ftr-476	70	9	.	.	PUNCT
ftr-476	71	1	7	7	X
ftr-476	71	2	.	.	X
ftr-476	71	3	irc	irc	VERB
ftr-476	71	4	§	§	PROPN
ftr-476	71	5	§	§	PROPN
ftr-476	71	6	358(a	358(a	PROPN
ftr-476	71	7	)	)	PUNCT
ftr-476	71	8	,	,	PUNCT
ftr-476	71	9	(	(	PUNCT
ftr-476	71	10	d	d	X
ftr-476	71	11	)	)	PUNCT
ftr-476	71	12	;	;	PUNCT
ftr-476	71	13	362(a	362(a	PROPN
ftr-476	71	14	)	)	PUNCT
ftr-476	71	15	.	.	PUNCT
ftr-476	72	1	8	8	X
ftr-476	72	2	.	.	X
ftr-476	72	3	smith	smith	PROPN
ftr-476	72	4	v.	v.	PROPN
ftr-476	72	5	commissioner	commissioner	PROPN
ftr-476	72	6	,	,	PUNCT
ftr-476	72	7	84	84	NUM
ftr-476	72	8	t.c	t.c	PROPN
ftr-476	72	9	.	.	PROPN
ftr-476	72	10	889	889	NUM
ftr-476	72	11	(	(	PUNCT
ftr-476	72	12	1985	1985	NUM
ftr-476	72	13	)	)	PUNCT
ftr-476	72	14	,	,	PUNCT
ftr-476	72	15	aff'd	aff'd	NOUN
ftr-476	72	16	,	,	PUNCT
ftr-476	72	17	805	805	NUM
ftr-476	72	18	f.2d	f.2d	X
ftr-476	72	19	1073	1073	NUM
ftr-476	72	20	(	(	PUNCT
ftr-476	72	21	d.c	d.c	PROPN
ftr-476	72	22	.	.	PROPN
ftr-476	72	23	cir	cir	PROPN
ftr-476	72	24	.	.	PROPN
ftr-476	72	25	1986	1986	NUM
ftr-476	72	26	)	)	PUNCT
ftr-476	72	27	;	;	PUNCT
ftr-476	72	28	christopher	christopher	PROPN
ftr-476	72	29	v.	v.	PROPN
ftr-476	72	30	commissioner	commissioner	PROPN
ftr-476	72	31	,	,	PUNCT
ftr-476	73	1	48	48	NUM
ftr-476	73	2	t.c	t.c	PROPN
ftr-476	73	3	.	.	PROPN
ftr-476	73	4	memo	memo	NOUN
ftr-476	73	5	(	(	PUNCT
ftr-476	73	6	cch	cch	PROPN
ftr-476	73	7	)	)	PUNCT
ftr-476	73	8	663	663	NUM
ftr-476	73	9	,	,	PUNCT
ftr-476	73	10	t.c	t.c	PROPN
ftr-476	73	11	.	.	PROPN
ftr-476	73	12	memo	memo	NOUN
ftr-476	73	13	(	(	PUNCT
ftr-476	73	14	p	p	NOUN
ftr-476	73	15	-	-	PUNCT
ftr-476	73	16	h	h	NOUN
ftr-476	73	17	)	)	PUNCT
ftr-476	73	18	84,394	84,394	NUM
ftr-476	73	19	(	(	PUNCT
ftr-476	73	20	1984	1984	NUM
ftr-476	73	21	)	)	PUNCT
ftr-476	73	22	;	;	PUNCT
ftr-476	73	23	alderman	alderman	PROPN
ftr-476	73	24	v.	v.	PROPN
ftr-476	73	25	commissioner	commissioner	PROPN
ftr-476	73	26	,	,	PUNCT
ftr-476	73	27	55	55	NUM
ftr-476	73	28	t.c	t.c	NOUN
ftr-476	73	29	.	.	PROPN
ftr-476	73	30	662	662	NUM
ftr-476	73	31	(	(	PUNCT
ftr-476	73	32	1971	1971	NUM
ftr-476	73	33	)	)	PUNCT
ftr-476	73	34	;	;	PUNCT
ftr-476	73	35	rev	rev	PROPN
ftr-476	73	36	.	.	PROPN
ftr-476	73	37	rul	rul	PROPN
ftr-476	73	38	.	.	PUNCT
ftr-476	74	1	68	68	NUM
ftr-476	74	2	-	-	SYM
ftr-476	74	3	629	629	NUM
ftr-476	74	4	,	,	PUNCT
ftr-476	74	5	1968	1968	NUM
ftr-476	74	6	-	-	SYM
ftr-476	74	7	2	2	NUM
ftr-476	74	8	c.b	c.b	PROPN
ftr-476	74	9	.	.	PROPN
ftr-476	74	10	154	154	NUM
ftr-476	74	11	.	.	PUNCT
ftr-476	75	1	9	9	X
ftr-476	75	2	.	.	X
ftr-476	76	1	lessinger	lessinger	PROPN
ftr-476	76	2	v.	v.	PROPN
ftr-476	76	3	commissioner	commissioner	PROPN
ftr-476	76	4	,	,	PUNCT
ftr-476	76	5	85	85	NUM
ftr-476	76	6	t.c	t.c	PROPN
ftr-476	76	7	.	.	PROPN
ftr-476	76	8	824	824	NUM
ftr-476	76	9	(	(	PUNCT
ftr-476	76	10	1985	1985	NUM
ftr-476	76	11	)	)	PUNCT
ftr-476	76	12	,	,	PUNCT
ftr-476	76	13	rev'd	rev'd	VERB
ftr-476	76	14	,	,	PUNCT
ftr-476	76	15	872	872	NUM
ftr-476	76	16	f.2d	f.2d	ADP
ftr-476	76	17	519	519	NUM
ftr-476	76	18	(	(	PUNCT
ftr-476	76	19	1989	1989	NUM
ftr-476	76	20	)	)	PUNCT
ftr-476	76	21	.	.	PUNCT
ftr-476	77	1	ivol	ivol	NOUN
ftr-476	77	2	.	.	PUNCT
ftr-476	78	1	2:5	2:5	NUM
ftr-476	78	2	zero	zero	NUM
ftr-476	78	3	basis	basis	NOUN
ftr-476	78	4	hoar	hoar	NOUN
ftr-476	78	5	rather	rather	ADV
ftr-476	78	6	,	,	PUNCT
ftr-476	78	7	the	the	DET
ftr-476	78	8	court	court	NOUN
ftr-476	78	9	employed	employ	VERB
ftr-476	78	10	a	a	DET
ftr-476	78	11	more	more	ADV
ftr-476	78	12	novel	novel	ADJ
ftr-476	78	13	theory	theory	NOUN
ftr-476	78	14	:	:	PUNCT
ftr-476	78	15	by	by	ADP
ftr-476	78	16	assuming	assume	VERB
ftr-476	78	17	debts	debt	NOUN
ftr-476	78	18	in	in	ADP
ftr-476	78	19	exchange	exchange	NOUN
ftr-476	78	20	for	for	ADP
ftr-476	78	21	sol	sol	NOUN
ftr-476	78	22	's	's	PART
ftr-476	78	23	obligation	obligation	NOUN
ftr-476	78	24	,	,	PUNCT
ftr-476	78	25	the	the	DET
ftr-476	78	26	corporation	corporation	NOUN
ftr-476	78	27	incurred	incur	VERB
ftr-476	78	28	a	a	DET
ftr-476	78	29	cost	cost	NOUN
ftr-476	78	30	and	and	CCONJ
ftr-476	78	31	thereby	thereby	ADV
ftr-476	78	32	acquired	acquire	VERB
ftr-476	78	33	a	a	DET
ftr-476	78	34	basis	basis	NOUN
ftr-476	78	35	(	(	PUNCT
ftr-476	78	36	apparently	apparently	ADV
ftr-476	78	37	under	under	ADP
ftr-476	78	38	section	section	NOUN
ftr-476	78	39	1012	1012	NUM
ftr-476	78	40	)	)	PUNCT
ftr-476	78	41	in	in	ADP
ftr-476	78	42	the	the	DET
ftr-476	78	43	obligation	obligation	NOUN
ftr-476	78	44	equal	equal	ADJ
ftr-476	78	45	to	to	ADP
ftr-476	78	46	its	its	PRON
ftr-476	78	47	face	face	NOUN
ftr-476	78	48	amount	amount	NOUN
ftr-476	78	49	.	.	PUNCT
ftr-476	79	1	finding	find	VERB
ftr-476	79	2	that	that	PRON
ftr-476	79	3	to	to	PART
ftr-476	79	4	be	be	AUX
ftr-476	79	5	the	the	DET
ftr-476	79	6	basis	basis	NOUN
ftr-476	79	7	referred	refer	VERB
ftr-476	79	8	to	to	ADP
ftr-476	79	9	in	in	ADP
ftr-476	79	10	section	section	NOUN
ftr-476	79	11	357(c	357(c	PROPN
ftr-476	79	12	)	)	PUNCT
ftr-476	79	13	,	,	PUNCT
ftr-476	79	14	the	the	DET
ftr-476	79	15	court	court	NOUN
ftr-476	79	16	concluded	conclude	VERB
ftr-476	79	17	that	that	SCONJ
ftr-476	79	18	the	the	DET
ftr-476	79	19	corporation	corporation	NOUN
ftr-476	79	20	did	do	AUX
ftr-476	79	21	not	not	PART
ftr-476	79	22	assume	assume	VERB
ftr-476	79	23	debt	debt	NOUN
ftr-476	79	24	in	in	ADP
ftr-476	79	25	excess	excess	NOUN
ftr-476	79	26	of	of	ADP
ftr-476	79	27	its	its	PRON
ftr-476	79	28	basis	basis	NOUN
ftr-476	79	29	for	for	ADP
ftr-476	79	30	the	the	DET
ftr-476	79	31	transferred	transfer	VERB
ftr-476	79	32	property	property	NOUN
ftr-476	79	33	.	.	PUNCT
ftr-476	80	1	as	as	SCONJ
ftr-476	80	2	virtually	virtually	ADV
ftr-476	80	3	all	all	DET
ftr-476	80	4	commentators	commentator	NOUN
ftr-476	80	5	have	have	AUX
ftr-476	80	6	pointed	point	VERB
ftr-476	80	7	out	out	ADP
ftr-476	80	8	,	,	PUNCT
ftr-476	80	9	"	"	PUNCT
ftr-476	80	10	the	the	DET
ftr-476	80	11	second	second	ADJ
ftr-476	80	12	circuit	circuit	NOUN
ftr-476	80	13	's	's	PART
ftr-476	80	14	analysis	analysis	NOUN
ftr-476	80	15	is	be	AUX
ftr-476	80	16	surely	surely	ADV
ftr-476	80	17	incorrect	incorrect	ADJ
ftr-476	80	18	.	.	PUNCT
ftr-476	81	1	the	the	DET
ftr-476	81	2	section	section	NOUN
ftr-476	81	3	357(c	357(c	PROPN
ftr-476	81	4	)	)	PUNCT
ftr-476	81	5	debt	debt	NOUN
ftr-476	81	6	-	-	PUNCT
ftr-476	81	7	over	over	ADP
ftr-476	81	8	-	-	PUNCT
ftr-476	81	9	basis	basis	NOUN
ftr-476	81	10	comparison	comparison	NOUN
ftr-476	81	11	refers	refer	VERB
ftr-476	81	12	to	to	ADP
ftr-476	81	13	sol	sol	NOUN
ftr-476	81	14	's	's	PART
ftr-476	81	15	basis	basis	NOUN
ftr-476	81	16	for	for	ADP
ftr-476	81	17	the	the	DET
ftr-476	81	18	property	property	NOUN
ftr-476	81	19	,	,	PUNCT
ftr-476	81	20	not	not	PART
ftr-476	81	21	to	to	ADP
ftr-476	81	22	a	a	DET
ftr-476	81	23	cost	cost	NOUN
ftr-476	81	24	basis	basis	NOUN
ftr-476	81	25	obtained	obtain	VERB
ftr-476	81	26	by	by	ADP
ftr-476	81	27	the	the	DET
ftr-476	81	28	corporation	corporation	NOUN
ftr-476	81	29	.	.	PUNCT
ftr-476	82	1	the	the	DET
ftr-476	82	2	corporation	corporation	NOUN
ftr-476	82	3	could	could	AUX
ftr-476	82	4	obtain	obtain	VERB
ftr-476	82	5	a	a	DET
ftr-476	82	6	cost	cost	NOUN
ftr-476	82	7	basis	basis	NOUN
ftr-476	82	8	for	for	ADP
ftr-476	82	9	the	the	DET
ftr-476	82	10	obligation	obligation	NOUN
ftr-476	82	11	under	under	ADP
ftr-476	82	12	section	section	NOUN
ftr-476	82	13	1012	1012	NUM
ftr-476	82	14	only	only	ADV
ftr-476	82	15	if	if	SCONJ
ftr-476	82	16	the	the	DET
ftr-476	82	17	obligation	obligation	NOUN
ftr-476	82	18	's	's	PART
ftr-476	82	19	transfer	transfer	NOUN
ftr-476	82	20	were	be	AUX
ftr-476	82	21	excluded	exclude	VERB
ftr-476	82	22	from	from	ADP
ftr-476	82	23	the	the	DET
ftr-476	82	24	section	section	NOUN
ftr-476	82	25	351	351	NUM
ftr-476	82	26	exchange	exchange	NOUN
ftr-476	82	27	;	;	PUNCT
ftr-476	82	28	under	under	ADP
ftr-476	82	29	section	section	PROPN
ftr-476	82	30	362(a	362(a	PROPN
ftr-476	82	31	)	)	PUNCT
ftr-476	82	32	,	,	PUNCT
ftr-476	82	33	the	the	DET
ftr-476	82	34	corporation	corporation	NOUN
ftr-476	82	35	takes	take	VERB
ftr-476	82	36	a	a	DET
ftr-476	82	37	carryover	carryover	NOUN
ftr-476	82	38	of	of	ADP
ftr-476	82	39	the	the	DET
ftr-476	82	40	shareholder	shareholder	NOUN
ftr-476	82	41	's	's	PART
ftr-476	82	42	basis	basis	NOUN
ftr-476	82	43	,	,	PUNCT
ftr-476	82	44	not	not	PART
ftr-476	82	45	a	a	DET
ftr-476	82	46	cost	cost	NOUN
ftr-476	82	47	basis	basis	NOUN
ftr-476	82	48	,	,	PUNCT
ftr-476	82	49	for	for	ADP
ftr-476	82	50	property	property	NOUN
ftr-476	82	51	received	receive	VERB
ftr-476	82	52	in	in	ADP
ftr-476	82	53	a	a	DET
ftr-476	82	54	section	section	NOUN
ftr-476	82	55	351	351	NUM
ftr-476	82	56	exchange	exchange	NOUN
ftr-476	82	57	.	.	PUNCT
ftr-476	83	1	presumably	presumably	ADV
ftr-476	83	2	,	,	PUNCT
ftr-476	83	3	the	the	DET
ftr-476	83	4	obligation	obligation	NOUN
ftr-476	83	5	could	could	AUX
ftr-476	83	6	be	be	AUX
ftr-476	83	7	outside	outside	ADP
ftr-476	83	8	the	the	DET
ftr-476	83	9	section	section	NOUN
ftr-476	83	10	351	351	NUM
ftr-476	83	11	exchange	exchange	NOUN
ftr-476	83	12	only	only	ADV
ftr-476	83	13	if	if	SCONJ
ftr-476	83	14	it	it	PRON
ftr-476	83	15	is	be	AUX
ftr-476	83	16	not	not	PART
ftr-476	83	17	"	"	PUNCT
ftr-476	83	18	property	property	NOUN
ftr-476	83	19	"	"	PUNCT
ftr-476	83	20	to	to	PART
ftr-476	83	21	which	which	PRON
ftr-476	83	22	that	that	DET
ftr-476	83	23	section	section	NOUN
ftr-476	83	24	applies	apply	VERB
ftr-476	83	25	.	.	PUNCT
ftr-476	84	1	but	but	CCONJ
ftr-476	84	2	,	,	PUNCT
ftr-476	84	3	if	if	SCONJ
ftr-476	84	4	the	the	DET
ftr-476	84	5	obligation	obligation	NOUN
ftr-476	84	6	is	be	AUX
ftr-476	84	7	excluded	exclude	VERB
ftr-476	84	8	from	from	ADP
ftr-476	84	9	the	the	DET
ftr-476	84	10	section	section	NOUN
ftr-476	84	11	351	351	NUM
ftr-476	84	12	exchange	exchange	NOUN
ftr-476	84	13	,	,	PUNCT
ftr-476	84	14	it	it	PRON
ftr-476	84	15	is	be	AUX
ftr-476	84	16	also	also	ADV
ftr-476	84	17	excluded	exclude	VERB
ftr-476	84	18	from	from	ADP
ftr-476	84	19	the	the	DET
ftr-476	84	20	section	section	NOUN
ftr-476	84	21	357(c	357(c	PROPN
ftr-476	84	22	)	)	PUNCT
ftr-476	84	23	debt	debt	NOUN
ftr-476	84	24	-	-	PUNCT
ftr-476	84	25	over	over	ADP
ftr-476	84	26	-	-	PUNCT
ftr-476	84	27	basis	basis	NOUN
ftr-476	84	28	computation	computation	NOUN
ftr-476	84	29	because	because	SCONJ
ftr-476	84	30	that	that	DET
ftr-476	84	31	computation	computation	NOUN
ftr-476	84	32	includes	include	VERB
ftr-476	84	33	only	only	ADV
ftr-476	84	34	the	the	DET
ftr-476	84	35	basis	basis	NOUN
ftr-476	84	36	of	of	ADP
ftr-476	84	37	property	property	NOUN
ftr-476	84	38	transferred	transfer	VERB
ftr-476	84	39	in	in	ADP
ftr-476	84	40	the	the	DET
ftr-476	84	41	section	section	NOUN
ftr-476	84	42	351	351	NUM
ftr-476	84	43	exchange	exchange	NOUN
ftr-476	84	44	.	.	PUNCT
ftr-476	84	45	"	"	PUNCT
ftr-476	85	1	thus	thus	ADV
ftr-476	85	2	,	,	PUNCT
ftr-476	85	3	even	even	ADV
ftr-476	85	4	if	if	SCONJ
ftr-476	85	5	one	one	NUM
ftr-476	85	6	believes	believe	VERB
ftr-476	85	7	that	that	SCONJ
ftr-476	85	8	the	the	DET
ftr-476	85	9	nonrecognition	nonrecognition	NOUN
ftr-476	85	10	result	result	NOUN
ftr-476	85	11	in	in	ADP
ftr-476	85	12	lessinger	lessinger	NOUN
ftr-476	85	13	is	be	AUX
ftr-476	85	14	desirable	desirable	ADJ
ftr-476	85	15	on	on	ADP
ftr-476	85	16	policy	policy	NOUN
ftr-476	85	17	grounds	ground	NOUN
ftr-476	85	18	,	,	PUNCT
ftr-476	85	19	it	it	PRON
ftr-476	85	20	requires	require	VERB
ftr-476	85	21	a	a	DET
ftr-476	85	22	better	well	ADJ
ftr-476	85	23	justification	justification	NOUN
ftr-476	85	24	than	than	ADP
ftr-476	85	25	the	the	DET
ftr-476	85	26	second	second	ADJ
ftr-476	85	27	circuit	circuit	NOUN
ftr-476	85	28	provided	provide	VERB
ftr-476	85	29	.	.	PUNCT
ftr-476	86	1	as	as	SCONJ
ftr-476	86	2	discussed	discuss	VERB
ftr-476	86	3	below	below	ADV
ftr-476	86	4	,	,	PUNCT
ftr-476	86	5	the	the	DET
ftr-476	86	6	view	view	NOUN
ftr-476	86	7	that	that	SCONJ
ftr-476	86	8	sol	sol	NOUN
ftr-476	86	9	had	have	AUX
ftr-476	86	10	basis	basis	NOUN
ftr-476	86	11	in	in	ADP
ftr-476	86	12	his	his	PRON
ftr-476	86	13	own	own	ADJ
ftr-476	86	14	obligation	obligation	NOUN
ftr-476	86	15	is	be	AUX
ftr-476	86	16	not	not	PART
ftr-476	86	17	a	a	DET
ftr-476	86	18	better	well	ADJ
ftr-476	86	19	justification	justification	NOUN
ftr-476	86	20	.	.	PUNCT
ftr-476	87	1	the	the	DET
ftr-476	87	2	result	result	NOUN
ftr-476	87	3	in	in	ADP
ftr-476	87	4	lessinger	lessinger	NOUN
ftr-476	87	5	may	may	AUX
ftr-476	87	6	be	be	AUX
ftr-476	87	7	reasonable	reasonable	ADJ
ftr-476	87	8	.	.	PUNCT
ftr-476	88	1	in	in	ADP
ftr-476	88	2	substance	substance	NOUN
ftr-476	88	3	,	,	PUNCT
ftr-476	88	4	the	the	DET
ftr-476	88	5	corporation	corporation	NOUN
ftr-476	88	6	did	do	AUX
ftr-476	88	7	not	not	PART
ftr-476	88	8	assume	assume	VERB
ftr-476	88	9	the	the	DET
ftr-476	88	10	excess	excess	ADJ
ftr-476	88	11	debts	debt	NOUN
ftr-476	88	12	if	if	SCONJ
ftr-476	88	13	sol	sol	NOUN
ftr-476	88	14	's	's	PART
ftr-476	88	15	obligation	obligation	NOUN
ftr-476	88	16	is	be	AUX
ftr-476	88	17	recognized	recognize	VERB
ftr-476	88	18	as	as	ADP
ftr-476	88	19	bona	bona	ADJ
ftr-476	88	20	fide	fide	NOUN
ftr-476	88	21	and	and	CCONJ
ftr-476	88	22	if	if	SCONJ
ftr-476	88	23	it	it	PRON
ftr-476	88	24	is	be	AUX
ftr-476	88	25	netted	net	VERB
ftr-476	88	26	against	against	ADP
ftr-476	88	27	his	his	PRON
ftr-476	88	28	debt	debt	NOUN
ftr-476	88	29	nominally	nominally	ADV
ftr-476	88	30	assumed	assume	VERB
ftr-476	88	31	by	by	ADP
ftr-476	88	32	the	the	DET
ftr-476	88	33	corporation	corporation	NOUN
ftr-476	88	34	.	.	PUNCT
ftr-476	89	1	however	however	ADV
ftr-476	89	2	,	,	PUNCT
ftr-476	89	3	the	the	DET
ftr-476	89	4	result	result	NOUN
ftr-476	89	5	probably	probably	ADV
ftr-476	89	6	is	be	AUX
ftr-476	89	7	not	not	PART
ftr-476	89	8	permitted	permit	VERB
ftr-476	89	9	under	under	ADP
ftr-476	89	10	the	the	DET
ftr-476	89	11	statute	statute	NOUN
ftr-476	89	12	because	because	SCONJ
ftr-476	89	13	the	the	DET
ftr-476	89	14	corporation	corporation	NOUN
ftr-476	89	15	did	do	AUX
ftr-476	89	16	assume	assume	VERB
ftr-476	89	17	sol	sol	PROPN
ftr-476	89	18	's	's	PART
ftr-476	89	19	debts	debt	NOUN
ftr-476	89	20	,	,	PUNCT
ftr-476	89	21	and	and	CCONJ
ftr-476	89	22	netting	netting	NOUN
ftr-476	89	23	is	be	AUX
ftr-476	89	24	not	not	PART
ftr-476	89	25	justified	justify	VERB
ftr-476	89	26	because	because	SCONJ
ftr-476	89	27	sol	sol	NOUN
ftr-476	89	28	did	do	AUX
ftr-476	89	29	not	not	PART
ftr-476	89	30	prove	prove	VERB
ftr-476	89	31	that	that	SCONJ
ftr-476	89	32	he	he	PRON
ftr-476	89	33	intended	intend	VERB
ftr-476	89	34	to	to	PART
ftr-476	89	35	remain	remain	VERB
ftr-476	89	36	liable	liable	ADJ
ftr-476	89	37	for	for	ADP
ftr-476	89	38	the	the	DET
ftr-476	89	39	excess	excess	ADJ
ftr-476	89	40	debts	debt	NOUN
ftr-476	89	41	.	.	PUNCT
ftr-476	90	1	in	in	ADP
ftr-476	90	2	the	the	DET
ftr-476	90	3	absence	absence	NOUN
ftr-476	90	4	of	of	ADP
ftr-476	90	5	such	such	ADJ
ftr-476	90	6	proof	proof	NOUN
ftr-476	90	7	,	,	PUNCT
ftr-476	90	8	sol	sol	NOUN
ftr-476	90	9	's	's	PART
ftr-476	90	10	obligation	obligation	NOUN
ftr-476	90	11	should	should	AUX
ftr-476	90	12	be	be	AUX
ftr-476	90	13	disregarded	disregard	VERB
ftr-476	90	14	for	for	ADP
ftr-476	90	15	purposes	purpose	NOUN
ftr-476	90	16	of	of	ADP
ftr-476	90	17	section	section	NOUN
ftr-476	90	18	357(c	357(c	PROPN
ftr-476	90	19	)	)	PUNCT
ftr-476	90	20	;	;	PUNCT
ftr-476	90	21	it	it	PRON
ftr-476	90	22	is	be	AUX
ftr-476	90	23	not	not	PART
ftr-476	90	24	"	"	PUNCT
ftr-476	90	25	property	property	NOUN
ftr-476	90	26	,	,	PUNCT
ftr-476	90	27	"	"	PUNCT
ftr-476	90	28	with	with	ADP
ftr-476	90	29	or	or	CCONJ
ftr-476	90	30	without	without	ADP
ftr-476	90	31	basis	basis	NOUN
ftr-476	90	32	,	,	PUNCT
ftr-476	90	33	and	and	CCONJ
ftr-476	90	34	it	it	PRON
ftr-476	90	35	does	do	AUX
ftr-476	90	36	not	not	PART
ftr-476	90	37	reduce	reduce	VERB
ftr-476	90	38	the	the	DET
ftr-476	90	39	amount	amount	NOUN
ftr-476	90	40	of	of	ADP
ftr-476	90	41	debts	debt	NOUN
ftr-476	90	42	assumed	assume	VERB
ftr-476	90	43	or	or	CCONJ
ftr-476	90	44	to	to	PART
ftr-476	90	45	which	which	PRON
ftr-476	90	46	transferred	transfer	VERB
ftr-476	90	47	property	property	NOUN
ftr-476	90	48	is	be	AUX
ftr-476	90	49	subject	subject	ADJ
ftr-476	90	50	.	.	PUNCT
ftr-476	91	1	on	on	ADP
ftr-476	91	2	different	different	ADJ
ftr-476	91	3	and	and	CCONJ
ftr-476	91	4	stronger	strong	ADJ
ftr-476	91	5	facts	fact	NOUN
ftr-476	91	6	,	,	PUNCT
ftr-476	91	7	shareholders	shareholder	NOUN
ftr-476	91	8	whose	whose	DET
ftr-476	91	9	actions	action	NOUN
ftr-476	91	10	better	well	ADV
ftr-476	91	11	reflect	reflect	VERB
ftr-476	91	12	an	an	DET
ftr-476	91	13	intent	intent	NOUN
ftr-476	91	14	to	to	PART
ftr-476	91	15	remain	remain	VERB
ftr-476	91	16	liable	liable	ADJ
ftr-476	91	17	on	on	ADP
ftr-476	91	18	their	their	PRON
ftr-476	91	19	debts	debt	NOUN
ftr-476	91	20	should	should	AUX
ftr-476	91	21	be	be	AUX
ftr-476	91	22	able	able	ADJ
ftr-476	91	23	to	to	PART
ftr-476	91	24	escape	escape	VERB
ftr-476	91	25	section	section	NOUN
ftr-476	91	26	357(c	357(c	PROPN
ftr-476	91	27	)	)	PUNCT
ftr-476	91	28	gain	gain	NOUN
ftr-476	91	29	recognition	recognition	NOUN
ftr-476	91	30	,	,	PUNCT
ftr-476	91	31	without	without	ADP
ftr-476	91	32	relying	rely	VERB
ftr-476	91	33	on	on	ADP
ftr-476	91	34	either	either	CCONJ
ftr-476	91	35	the	the	DET
ftr-476	91	36	second	second	ADJ
ftr-476	91	37	circuit	circuit	NOUN
ftr-476	91	38	's	's	PART
ftr-476	91	39	dubious	dubious	ADJ
ftr-476	91	40	approach	approach	NOUN
ftr-476	91	41	or	or	CCONJ
ftr-476	91	42	the	the	DET
ftr-476	91	43	equally	equally	ADV
ftr-476	91	44	dubious	dubious	ADJ
ftr-476	91	45	theory	theory	NOUN
ftr-476	91	46	that	that	SCONJ
ftr-476	91	47	an	an	DET
ftr-476	91	48	obligation	obligation	NOUN
ftr-476	91	49	has	have	AUX
ftr-476	91	50	basis	basis	NOUN
ftr-476	91	51	in	in	ADP
ftr-476	91	52	the	the	DET
ftr-476	91	53	obligor	obligor	NOUN
ftr-476	91	54	's	's	PART
ftr-476	91	55	hands	hand	NOUN
ftr-476	91	56	.	.	PUNCT
ftr-476	92	1	the	the	DET
ftr-476	92	2	sounder	sounder	NOUN
ftr-476	92	3	justification	justification	NOUN
ftr-476	92	4	for	for	ADP
ftr-476	92	5	a	a	DET
ftr-476	92	6	taxpayer	taxpayer	NOUN
ftr-476	92	7	victory	victory	NOUN
ftr-476	92	8	in	in	ADP
ftr-476	92	9	such	such	ADJ
ftr-476	92	10	cases	case	NOUN
ftr-476	92	11	would	would	AUX
ftr-476	92	12	be	be	AUX
ftr-476	92	13	proof	proof	NOUN
ftr-476	92	14	that	that	SCONJ
ftr-476	92	15	there	there	PRON
ftr-476	92	16	has	have	AUX
ftr-476	92	17	been	be	AUX
ftr-476	92	18	no	no	DET
ftr-476	92	19	debt	debt	NOUN
ftr-476	92	20	assumption	assumption	NOUN
ftr-476	92	21	and	and	CCONJ
ftr-476	92	22	no	no	DET
ftr-476	92	23	transfer	transfer	NOUN
ftr-476	92	24	10	10	NUM
ftr-476	92	25	.	.	PUNCT
ftr-476	93	1	see	see	VERB
ftr-476	93	2	,	,	PUNCT
ftr-476	93	3	e.g.	e.g.	ADV
ftr-476	93	4	,	,	PUNCT
ftr-476	93	5	john	john	PROPN
ftr-476	93	6	a.	a.	PROPN
ftr-476	93	7	bogdanski	bogdanski	PROPN
ftr-476	93	8	.	.	PUNCT
ftr-476	94	1	closely	closely	ADV
ftr-476	94	2	held	hold	VERB
ftr-476	94	3	corporations	corporation	NOUN
ftr-476	94	4	:	:	PUNCT
ftr-476	94	5	shareholder	shareholder	NOUN
ftr-476	94	6	debt	debt	NOUN
ftr-476	94	7	,	,	PUNCT
ftr-476	94	8	corporate	corporate	ADJ
ftr-476	94	9	debt	debt	NOUN
ftr-476	94	10	:	:	PUNCT
ftr-476	94	11	lessons	lesson	NOUN
ftr-476	94	12	from	from	ADP
ftr-476	94	13	leavitt	leavitt	NOUN
ftr-476	94	14	and	and	CCONJ
ftr-476	94	15	lessinger	lessinger	ADJ
ftr-476	94	16	,	,	PUNCT
ftr-476	94	17	16	16	NUM
ftr-476	94	18	j.	j.	PROPN
ftr-476	94	19	corp	corp	PROPN
ftr-476	94	20	.	.	PROPN
ftr-476	95	1	tax'n	tax'n	ADP
ftr-476	95	2	348	348	NUM
ftr-476	95	3	,	,	PUNCT
ftr-476	95	4	352	352	NUM
ftr-476	95	5	(	(	PUNCT
ftr-476	95	6	1990	1990	NUM
ftr-476	95	7	)	)	PUNCT
ftr-476	95	8	(	(	PUNCT
ftr-476	95	9	labeling	label	VERB
ftr-476	95	10	the	the	DET
ftr-476	95	11	second	second	ADJ
ftr-476	95	12	circuit	circuit	NOUN
ftr-476	95	13	's	's	PART
ftr-476	95	14	reasoning	reasoning	NOUN
ftr-476	95	15	-preposterous	-preposterous	NOUN
ftr-476	95	16	"	"	PUNCT
ftr-476	95	17	)	)	PUNCT
ftr-476	95	18	.	.	PUNCT
ftr-476	96	1	11	11	NUM
ftr-476	96	2	.	.	PUNCT
ftr-476	96	3	irc	irc	PROPN
ftr-476	96	4	§	§	PROPN
ftr-476	96	5	357(c)(1	357(c)(1	NUM
ftr-476	96	6	)	)	PUNCT
ftr-476	96	7	.	.	PUNCT
ftr-476	97	1	19941	19941	NUM
ftr-476	97	2	florida	florida	PROPN
ftr-476	97	3	tax	tax	PROPN
ftr-476	97	4	review	review	NOUN
ftr-476	97	5	subject	subject	ADJ
ftr-476	97	6	to	to	ADP
ftr-476	97	7	debt	debt	NOUN
ftr-476	97	8	because	because	SCONJ
ftr-476	97	9	the	the	DET
ftr-476	97	10	shareholders	shareholder	NOUN
ftr-476	97	11	are	be	AUX
ftr-476	97	12	found	find	VERB
ftr-476	97	13	to	to	PART
ftr-476	97	14	have	have	VERB
ftr-476	97	15	a	a	DET
ftr-476	97	16	continuing	continue	VERB
ftr-476	97	17	obligation	obligation	NOUN
ftr-476	97	18	to	to	PART
ftr-476	97	19	pay	pay	VERB
ftr-476	97	20	their	their	PRON
ftr-476	97	21	debts	debt	NOUN
ftr-476	97	22	.	.	PUNCT
ftr-476	98	1	the	the	DET
ftr-476	98	2	broader	broad	ADJ
ftr-476	98	3	issue	issue	NOUN
ftr-476	98	4	of	of	ADP
ftr-476	98	5	how	how	SCONJ
ftr-476	98	6	a	a	DET
ftr-476	98	7	transferor	transferor	NOUN
ftr-476	98	8	's	's	PART
ftr-476	98	9	obligation	obligation	NOUN
ftr-476	98	10	should	should	AUX
ftr-476	98	11	generally	generally	ADV
ftr-476	98	12	be	be	AUX
ftr-476	98	13	treated	treat	VERB
ftr-476	98	14	under	under	ADP
ftr-476	98	15	section	section	NOUN
ftr-476	98	16	351	351	NUM
ftr-476	98	17	(	(	PUNCT
ftr-476	98	18	regardless	regardless	ADV
ftr-476	98	19	of	of	ADP
ftr-476	98	20	whether	whether	SCONJ
ftr-476	98	21	section	section	NOUN
ftr-476	98	22	357(c	357(c	PROPN
ftr-476	98	23	)	)	PUNCT
ftr-476	98	24	applies	apply	VERB
ftr-476	98	25	)	)	PUNCT
ftr-476	98	26	is	be	AUX
ftr-476	98	27	particularly	particularly	ADV
ftr-476	98	28	confused	confused	ADJ
ftr-476	98	29	.	.	PUNCT
ftr-476	99	1	the	the	DET
ftr-476	99	2	service	service	NOUN
ftr-476	99	3	and	and	CCONJ
ftr-476	99	4	the	the	DET
ftr-476	99	5	tax	tax	NOUN
ftr-476	99	6	court	court	NOUN
ftr-476	99	7	indicate	indicate	VERB
ftr-476	99	8	(	(	PUNCT
ftr-476	99	9	but	but	CCONJ
ftr-476	99	10	without	without	ADP
ftr-476	99	11	a	a	DET
ftr-476	99	12	bold	bold	ADJ
ftr-476	99	13	display	display	NOUN
ftr-476	99	14	of	of	ADP
ftr-476	99	15	confidence	confidence	NOUN
ftr-476	99	16	)	)	PUNCT
ftr-476	99	17	that	that	SCONJ
ftr-476	99	18	the	the	DET
ftr-476	99	19	obligation	obligation	NOUN
ftr-476	99	20	is	be	AUX
ftr-476	99	21	section	section	NOUN
ftr-476	99	22	351	351	NUM
ftr-476	99	23	"	"	PUNCT
ftr-476	99	24	property	property	NOUN
ftr-476	99	25	.	.	PUNCT
ftr-476	99	26	,	,	PUNCT
ftr-476	99	27	'	'	PUNCT
ftr-476	99	28	12	12	NUM
ftr-476	99	29	that	that	PRON
ftr-476	99	30	is	be	AUX
ftr-476	99	31	an	an	DET
ftr-476	99	32	erroneous	erroneous	ADJ
ftr-476	99	33	analysis	analysis	NOUN
ftr-476	99	34	,	,	PUNCT
ftr-476	99	35	which	which	PRON
ftr-476	99	36	only	only	ADV
ftr-476	99	37	accidentally	accidentally	ADV
ftr-476	99	38	happens	happen	VERB
ftr-476	99	39	to	to	PART
ftr-476	99	40	produce	produce	VERB
ftr-476	99	41	some	some	DET
ftr-476	99	42	results	result	NOUN
ftr-476	99	43	that	that	PRON
ftr-476	99	44	are	be	AUX
ftr-476	99	45	defensible	defensible	ADJ
ftr-476	99	46	under	under	ADP
ftr-476	99	47	the	the	DET
ftr-476	99	48	following	follow	VERB
ftr-476	99	49	analysis	analysis	NOUN
ftr-476	99	50	(	(	PUNCT
ftr-476	99	51	such	such	ADJ
ftr-476	99	52	as	as	ADP
ftr-476	99	53	no	no	DET
ftr-476	99	54	immediate	immediate	ADJ
ftr-476	99	55	basis	basis	NOUN
ftr-476	99	56	in	in	ADP
ftr-476	99	57	stock	stock	NOUN
ftr-476	99	58	on	on	ADP
ftr-476	99	59	account	account	NOUN
ftr-476	99	60	of	of	ADP
ftr-476	99	61	the	the	DET
ftr-476	99	62	transferor	transferor	NOUN
ftr-476	99	63	's	's	PART
ftr-476	99	64	obligation	obligation	NOUN
ftr-476	99	65	)	)	PUNCT
ftr-476	99	66	.	.	PUNCT
ftr-476	100	1	characterizing	characterize	VERB
ftr-476	100	2	the	the	DET
ftr-476	100	3	obligation	obligation	NOUN
ftr-476	100	4	as	as	SCONJ
ftr-476	100	5	property	property	NOUN
ftr-476	100	6	diverts	divert	VERB
ftr-476	100	7	attention	attention	NOUN
ftr-476	100	8	from	from	ADP
ftr-476	100	9	a	a	DET
ftr-476	100	10	preferable	preferable	ADJ
ftr-476	100	11	characterization	characterization	NOUN
ftr-476	100	12	:	:	PUNCT
ftr-476	100	13	a	a	DET
ftr-476	100	14	purchase	purchase	NOUN
ftr-476	100	15	money	money	NOUN
ftr-476	100	16	obligation	obligation	NOUN
ftr-476	100	17	.	.	PUNCT
ftr-476	101	1	the	the	DET
ftr-476	101	2	principal	principal	ADJ
ftr-476	101	3	implication	implication	NOUN
ftr-476	101	4	of	of	ADP
ftr-476	101	5	the	the	DET
ftr-476	101	6	latter	latter	ADJ
ftr-476	101	7	characterization	characterization	NOUN
ftr-476	101	8	is	be	AUX
ftr-476	101	9	that	that	SCONJ
ftr-476	101	10	it	it	PRON
ftr-476	101	11	provides	provide	VERB
ftr-476	101	12	a	a	DET
ftr-476	101	13	section	section	NOUN
ftr-476	101	14	1012	1012	NUM
ftr-476	101	15	cost	cost	NOUN
ftr-476	101	16	basis	basis	NOUN
ftr-476	101	17	for	for	ADP
ftr-476	101	18	the	the	DET
ftr-476	101	19	stock	stock	NOUN
ftr-476	101	20	acquired	acquire	VERB
ftr-476	101	21	in	in	ADP
ftr-476	101	22	exchange	exchange	NOUN
ftr-476	101	23	for	for	ADP
ftr-476	101	24	it	it	PRON
ftr-476	101	25	unless	unless	SCONJ
ftr-476	101	26	it	it	PRON
ftr-476	101	27	is	be	AUX
ftr-476	101	28	considered	consider	VERB
ftr-476	101	29	contingent	contingent	ADJ
ftr-476	101	30	.	.	PUNCT
ftr-476	102	1	if	if	SCONJ
ftr-476	102	2	it	it	PRON
ftr-476	102	3	is	be	AUX
ftr-476	102	4	contingent	contingent	ADJ
ftr-476	102	5	,	,	PUNCT
ftr-476	102	6	the	the	DET
ftr-476	102	7	obligation	obligation	NOUN
ftr-476	102	8	represents	represent	VERB
ftr-476	102	9	an	an	DET
ftr-476	102	10	open	open	ADJ
ftr-476	102	11	transaction	transaction	NOUN
ftr-476	102	12	for	for	ADP
ftr-476	102	13	which	which	PRON
ftr-476	102	14	treatment	treatment	NOUN
ftr-476	102	15	as	as	ADP
ftr-476	102	16	section	section	NOUN
ftr-476	102	17	351	351	NUM
ftr-476	102	18	"	"	PUNCT
ftr-476	102	19	property	property	NOUN
ftr-476	102	20	"	"	PUNCT
ftr-476	102	21	may	may	AUX
ftr-476	102	22	be	be	AUX
ftr-476	102	23	a	a	DET
ftr-476	102	24	serviceable	serviceable	ADJ
ftr-476	102	25	proxy	proxy	NOUN
ftr-476	102	26	,	,	PUNCT
ftr-476	102	27	so	so	ADV
ftr-476	102	28	long	long	ADV
ftr-476	102	29	as	as	SCONJ
ftr-476	102	30	we	we	PRON
ftr-476	102	31	understand	understand	VERB
ftr-476	102	32	that	that	SCONJ
ftr-476	102	33	proxy	proxy	NOUN
ftr-476	102	34	's	's	PART
ftr-476	102	35	limitations	limitation	NOUN
ftr-476	102	36	.	.	PUNCT
ftr-476	103	1	while	while	SCONJ
ftr-476	103	2	the	the	DET
ftr-476	103	3	justification	justification	NOUN
ftr-476	103	4	for	for	ADP
ftr-476	103	5	treating	treat	VERB
ftr-476	103	6	the	the	DET
ftr-476	103	7	obligation	obligation	NOUN
ftr-476	103	8	as	as	ADP
ftr-476	103	9	contingent	contingent	NOUN
ftr-476	103	10	is	be	AUX
ftr-476	103	11	not	not	PART
ftr-476	103	12	clear	clear	ADJ
ftr-476	103	13	cut	cut	NOUN
ftr-476	103	14	,	,	PUNCT
ftr-476	103	15	this	this	DET
ftr-476	103	16	treatment	treatment	NOUN
ftr-476	103	17	is	be	AUX
ftr-476	103	18	far	far	ADV
ftr-476	103	19	more	more	ADV
ftr-476	103	20	satisfying	satisfying	ADJ
ftr-476	103	21	than	than	ADP
ftr-476	103	22	the	the	DET
ftr-476	103	23	zero	zero	NUM
ftr-476	103	24	-	-	PUNCT
ftr-476	103	25	basis	basis	NOUN
ftr-476	103	26	-	-	PUNCT
ftr-476	103	27	property	property	NOUN
ftr-476	103	28	approach	approach	NOUN
ftr-476	103	29	.	.	PUNCT
ftr-476	104	1	ii	ii	PROPN
ftr-476	104	2	.	.	PROPN
ftr-476	104	3	is	be	AUX
ftr-476	104	4	the	the	DET
ftr-476	104	5	lessinger	lessinger	ADJ
ftr-476	104	6	result	result	NOUN
ftr-476	104	7	desirable	desirable	ADJ
ftr-476	104	8	as	as	ADP
ftr-476	104	9	a	a	DET
ftr-476	104	10	matter	matter	NOUN
ftr-476	104	11	of	of	ADP
ftr-476	104	12	policy	policy	NOUN
ftr-476	104	13	?	?	PUNCT
ftr-476	105	1	does	do	AUX
ftr-476	105	2	the	the	DET
ftr-476	105	3	lessinger	lessinger	ADJ
ftr-476	105	4	result	result	NOUN
ftr-476	105	5	frustrate	frustrate	VERB
ftr-476	105	6	the	the	DET
ftr-476	105	7	purposes	purpose	NOUN
ftr-476	105	8	of	of	ADP
ftr-476	105	9	section	section	NOUN
ftr-476	105	10	357(c)?"3	357(c)?"3	NOUN
ftr-476	105	11	it	it	PRON
ftr-476	105	12	does	do	AUX
ftr-476	105	13	not	not	PART
ftr-476	105	14	if	if	SCONJ
ftr-476	105	15	one	one	NUM
ftr-476	105	16	treats	treat	VERB
ftr-476	105	17	the	the	DET
ftr-476	105	18	transferor	transferor	NOUN
ftr-476	105	19	's	's	PART
ftr-476	105	20	obligation	obligation	NOUN
ftr-476	105	21	as	as	ADP
ftr-476	105	22	undoing	undo	VERB
ftr-476	105	23	the	the	DET
ftr-476	105	24	debt	debt	NOUN
ftr-476	105	25	assumption	assumption	NOUN
ftr-476	105	26	and	and	CCONJ
ftr-476	105	27	if	if	SCONJ
ftr-476	105	28	one	one	PRON
ftr-476	105	29	ignores	ignore	VERB
ftr-476	105	30	the	the	DET
ftr-476	105	31	administrative	administrative	ADJ
ftr-476	105	32	difficulties	difficulty	NOUN
ftr-476	105	33	of	of	ADP
ftr-476	105	34	determining	determine	VERB
ftr-476	105	35	whether	whether	SCONJ
ftr-476	105	36	related	related	ADJ
ftr-476	105	37	party	party	NOUN
ftr-476	105	38	transactions	transaction	NOUN
ftr-476	105	39	are	be	AUX
ftr-476	105	40	bona	bona	ADJ
ftr-476	105	41	fide	fide	ADJ
ftr-476	105	42	.	.	PUNCT
ftr-476	106	1	the	the	DET
ftr-476	106	2	abuses	abuse	NOUN
ftr-476	106	3	at	at	ADP
ftr-476	106	4	which	which	PRON
ftr-476	106	5	section	section	NOUN
ftr-476	106	6	12	12	NUM
ftr-476	106	7	.	.	PUNCT
ftr-476	107	1	cf	cf	NOUN
ftr-476	107	2	.	.	PUNCT
ftr-476	108	1	gemini	gemini	PROPN
ftr-476	108	2	twin	twin	PROPN
ftr-476	108	3	fund	fund	PROPN
ftr-476	108	4	iii	iii	PROPN
ftr-476	108	5	v.	v.	ADP
ftr-476	108	6	commissioner	commissioner	NOUN
ftr-476	108	7	,	,	PUNCT
ftr-476	109	1	62	62	NUM
ftr-476	109	2	t.c	t.c	PROPN
ftr-476	109	3	.	.	PROPN
ftr-476	109	4	memo	memo	NOUN
ftr-476	109	5	(	(	PUNCT
ftr-476	109	6	cch	cch	PROPN
ftr-476	109	7	)	)	PUNCT
ftr-476	109	8	104	104	NUM
ftr-476	109	9	,	,	PUNCT
ftr-476	109	10	t.c	t.c	PROPN
ftr-476	109	11	.	.	PROPN
ftr-476	109	12	memo	memo	NOUN
ftr-476	109	13	(	(	PUNCT
ftr-476	109	14	p	p	NOUN
ftr-476	109	15	-	-	PUNCT
ftr-476	109	16	h	h	NOUN
ftr-476	109	17	)	)	PUNCT
ftr-476	109	18	$	$	SYM
ftr-476	109	19	91,315	91,315	NUM
ftr-476	109	20	(	(	PUNCT
ftr-476	109	21	1991	1991	NUM
ftr-476	109	22	)	)	PUNCT
ftr-476	109	23	(	(	PUNCT
ftr-476	109	24	assuming	assume	VERB
ftr-476	109	25	that	that	SCONJ
ftr-476	109	26	a	a	DET
ftr-476	109	27	partner	partner	NOUN
ftr-476	109	28	's	's	PART
ftr-476	109	29	contribution	contribution	NOUN
ftr-476	109	30	was	be	AUX
ftr-476	109	31	"	"	PUNCT
ftr-476	109	32	property	property	NOUN
ftr-476	109	33	"	"	PUNCT
ftr-476	109	34	and	and	CCONJ
ftr-476	109	35	calling	call	VERB
ftr-476	109	36	it	it	PRON
ftr-476	109	37	"	"	PUNCT
ftr-476	109	38	only	only	ADV
ftr-476	109	39	a	a	DET
ftr-476	109	40	contractual	contractual	ADJ
ftr-476	109	41	obligation	obligation	NOUN
ftr-476	109	42	"	"	PUNCT
ftr-476	109	43	)	)	PUNCT
ftr-476	109	44	.	.	PUNCT
ftr-476	110	1	13	13	NUM
ftr-476	110	2	.	.	PUNCT
ftr-476	111	1	the	the	DET
ftr-476	111	2	fleming	fleming	NOUN
ftr-476	111	3	and	and	CCONJ
ftr-476	111	4	brewer	brewer	NOUN
ftr-476	111	5	articles	article	NOUN
ftr-476	111	6	,	,	PUNCT
ftr-476	111	7	supra	supra	PROPN
ftr-476	111	8	note	note	NOUN
ftr-476	111	9	2	2	NUM
ftr-476	111	10	,	,	PUNCT
ftr-476	111	11	reflect	reflect	VERB
ftr-476	111	12	a	a	DET
ftr-476	111	13	general	general	ADJ
ftr-476	111	14	lack	lack	NOUN
ftr-476	111	15	of	of	ADP
ftr-476	111	16	sympathy	sympathy	NOUN
ftr-476	111	17	for	for	ADP
ftr-476	111	18	the	the	DET
ftr-476	111	19	goals	goal	NOUN
ftr-476	111	20	of	of	ADP
ftr-476	111	21	§	§	PROPN
ftr-476	111	22	357(c	357(c	PROPN
ftr-476	111	23	)	)	PUNCT
ftr-476	111	24	.	.	PUNCT
ftr-476	112	1	this	this	PRON
ftr-476	112	2	is	be	AUX
ftr-476	112	3	even	even	ADV
ftr-476	112	4	clearer	clear	ADJ
ftr-476	112	5	in	in	ADP
ftr-476	112	6	professor	professor	NOUN
ftr-476	112	7	fleming	fleming	NOUN
ftr-476	112	8	's	's	PART
ftr-476	112	9	earlier	early	ADJ
ftr-476	112	10	article	article	NOUN
ftr-476	112	11	,	,	PUNCT
ftr-476	112	12	the	the	DET
ftr-476	112	13	highly	highly	ADV
ftr-476	112	14	avoidable	avoidable	ADJ
ftr-476	112	15	section	section	NOUN
ftr-476	112	16	357(c	357(c	PROPN
ftr-476	112	17	):	):	PUNCT
ftr-476	112	18	a	a	DET
ftr-476	112	19	case	case	NOUN
ftr-476	112	20	study	study	NOUN
ftr-476	112	21	in	in	ADP
ftr-476	112	22	traps	trap	NOUN
ftr-476	112	23	for	for	ADP
ftr-476	112	24	the	the	DET
ftr-476	112	25	unwary	unwary	ADJ
ftr-476	112	26	and	and	CCONJ
ftr-476	112	27	some	some	DET
ftr-476	112	28	positive	positive	ADJ
ftr-476	112	29	thoughts	thought	NOUN
ftr-476	112	30	about	about	ADP
ftr-476	112	31	negative	negative	ADJ
ftr-476	112	32	basis	basis	NOUN
ftr-476	112	33	,	,	PUNCT
ftr-476	112	34	16	16	NUM
ftr-476	112	35	j.	j.	PROPN
ftr-476	112	36	of	of	ADP
ftr-476	112	37	corp	corp	PROPN
ftr-476	112	38	.	.	PROPN
ftr-476	112	39	l.	l.	PROPN
ftr-476	112	40	1	1	NUM
ftr-476	112	41	(	(	PUNCT
ftr-476	112	42	1990	1990	NUM
ftr-476	112	43	)	)	PUNCT
ftr-476	112	44	.	.	PUNCT
ftr-476	113	1	while	while	SCONJ
ftr-476	113	2	§	§	PROPN
ftr-476	113	3	357(c	357(c	PROPN
ftr-476	113	4	)	)	PUNCT
ftr-476	113	5	may	may	AUX
ftr-476	113	6	be	be	AUX
ftr-476	113	7	a	a	DET
ftr-476	113	8	trap	trap	NOUN
ftr-476	113	9	for	for	ADP
ftr-476	113	10	the	the	DET
ftr-476	113	11	unwary	unwary	ADJ
ftr-476	113	12	,	,	PUNCT
ftr-476	113	13	that	that	PRON
ftr-476	113	14	is	be	AUX
ftr-476	113	15	hardly	hardly	ADV
ftr-476	113	16	grounds	ground	NOUN
ftr-476	113	17	to	to	PART
ftr-476	113	18	repeal	repeal	VERB
ftr-476	113	19	it	it	PRON
ftr-476	113	20	;	;	PUNCT
ftr-476	113	21	as	as	SCONJ
ftr-476	113	22	brewer	brewer	NOUN
ftr-476	113	23	noted	note	VERB
ftr-476	113	24	,	,	PUNCT
ftr-476	113	25	much	much	ADJ
ftr-476	113	26	of	of	ADP
ftr-476	113	27	the	the	DET
ftr-476	113	28	code	code	NOUN
ftr-476	113	29	can	can	AUX
ftr-476	113	30	be	be	AUX
ftr-476	113	31	similarly	similarly	ADV
ftr-476	113	32	characterized	characterize	VERB
ftr-476	113	33	.	.	PUNCT
ftr-476	114	1	fleming	fleming	NOUN
ftr-476	114	2	argues	argue	VERB
ftr-476	114	3	that	that	SCONJ
ftr-476	114	4	if	if	SCONJ
ftr-476	114	5	§	§	PROPN
ftr-476	114	6	357(c	357(c	PROPN
ftr-476	114	7	)	)	PUNCT
ftr-476	114	8	is	be	AUX
ftr-476	114	9	aimed	aim	VERB
ftr-476	114	10	at	at	ADP
ftr-476	114	11	loan	loan	NOUN
ftr-476	114	12	recapture	recapture	NOUN
ftr-476	114	13	it	it	PRON
ftr-476	114	14	operates	operate	VERB
ftr-476	114	15	improperly	improperly	ADV
ftr-476	114	16	because	because	SCONJ
ftr-476	114	17	it	it	PRON
ftr-476	114	18	does	do	AUX
ftr-476	114	19	not	not	PART
ftr-476	114	20	require	require	VERB
ftr-476	114	21	recognition	recognition	NOUN
ftr-476	114	22	of	of	ADP
ftr-476	114	23	the	the	DET
ftr-476	114	24	entire	entire	ADJ
ftr-476	114	25	loan	loan	NOUN
ftr-476	114	26	amount	amount	NOUN
ftr-476	114	27	but	but	CCONJ
ftr-476	114	28	only	only	ADV
ftr-476	114	29	the	the	DET
ftr-476	114	30	part	part	NOUN
ftr-476	114	31	that	that	PRON
ftr-476	114	32	exceeds	exceed	VERB
ftr-476	114	33	basis	basis	NOUN
ftr-476	114	34	.	.	PUNCT
ftr-476	115	1	he	he	PRON
ftr-476	115	2	does	do	AUX
ftr-476	115	3	not	not	PART
ftr-476	115	4	understand	understand	VERB
ftr-476	115	5	why	why	SCONJ
ftr-476	115	6	the	the	DET
ftr-476	115	7	transferor	transferor	NOUN
ftr-476	115	8	's	's	PART
ftr-476	115	9	basis	basis	NOUN
ftr-476	115	10	should	should	AUX
ftr-476	115	11	protect	protect	VERB
ftr-476	115	12	him	he	PRON
ftr-476	115	13	from	from	ADP
ftr-476	115	14	taxation	taxation	NOUN
ftr-476	115	15	on	on	ADP
ftr-476	115	16	a	a	DET
ftr-476	115	17	loan	loan	NOUN
ftr-476	115	18	that	that	PRON
ftr-476	115	19	the	the	DET
ftr-476	115	20	corporation	corporation	NOUN
ftr-476	115	21	will	will	AUX
ftr-476	115	22	repay	repay	VERB
ftr-476	115	23	.	.	PUNCT
ftr-476	116	1	however	however	ADV
ftr-476	116	2	,	,	PUNCT
ftr-476	116	3	when	when	SCONJ
ftr-476	116	4	property	property	NOUN
ftr-476	116	5	is	be	AUX
ftr-476	116	6	sold	sell	VERB
ftr-476	116	7	subject	subject	ADJ
ftr-476	116	8	to	to	ADP
ftr-476	116	9	a	a	DET
ftr-476	116	10	mortgage	mortgage	NOUN
ftr-476	116	11	,	,	PUNCT
ftr-476	116	12	gain	gain	NOUN
ftr-476	116	13	is	be	AUX
ftr-476	116	14	realized	realize	VERB
ftr-476	116	15	only	only	ADV
ftr-476	116	16	to	to	ADP
ftr-476	116	17	the	the	DET
ftr-476	116	18	extent	extent	NOUN
ftr-476	116	19	the	the	DET
ftr-476	116	20	sum	sum	NOUN
ftr-476	116	21	of	of	ADP
ftr-476	116	22	the	the	DET
ftr-476	116	23	mortgage	mortgage	NOUN
ftr-476	116	24	and	and	CCONJ
ftr-476	116	25	any	any	DET
ftr-476	116	26	other	other	ADJ
ftr-476	116	27	consideration	consideration	NOUN
ftr-476	116	28	received	receive	VERB
ftr-476	116	29	by	by	ADP
ftr-476	116	30	the	the	DET
ftr-476	116	31	seller	seller	NOUN
ftr-476	116	32	exceeds	exceed	VERB
ftr-476	116	33	the	the	DET
ftr-476	116	34	property	property	NOUN
ftr-476	116	35	's	's	PART
ftr-476	116	36	basis	basis	NOUN
ftr-476	116	37	.	.	PUNCT
ftr-476	117	1	in	in	ADP
ftr-476	117	2	other	other	ADJ
ftr-476	117	3	words	word	NOUN
ftr-476	117	4	,	,	PUNCT
ftr-476	117	5	in	in	ADP
ftr-476	117	6	the	the	DET
ftr-476	117	7	case	case	NOUN
ftr-476	117	8	of	of	ADP
ftr-476	117	9	a	a	DET
ftr-476	117	10	sale	sale	NOUN
ftr-476	117	11	,	,	PUNCT
ftr-476	117	12	as	as	ADP
ftr-476	117	13	under	under	ADP
ftr-476	117	14	§	§	PROPN
ftr-476	117	15	357(c	357(c	PROPN
ftr-476	117	16	)	)	PUNCT
ftr-476	117	17	,	,	PUNCT
ftr-476	117	18	the	the	DET
ftr-476	117	19	original	original	ADJ
ftr-476	117	20	exclusion	exclusion	NOUN
ftr-476	117	21	of	of	ADP
ftr-476	117	22	the	the	DET
ftr-476	117	23	loan	loan	NOUN
ftr-476	117	24	proceeds	proceed	NOUN
ftr-476	117	25	from	from	ADP
ftr-476	117	26	income	income	NOUN
ftr-476	117	27	is	be	AUX
ftr-476	117	28	reversed	reverse	VERB
ftr-476	117	29	only	only	ADV
ftr-476	117	30	to	to	ADP
ftr-476	117	31	the	the	DET
ftr-476	117	32	extent	extent	NOUN
ftr-476	117	33	the	the	DET
ftr-476	117	34	mortgage	mortgage	NOUN
ftr-476	117	35	is	be	AUX
ftr-476	117	36	not	not	PART
ftr-476	117	37	covered	cover	VERB
ftr-476	117	38	by	by	ADP
ftr-476	117	39	basis	basis	NOUN
ftr-476	117	40	.	.	PUNCT
ftr-476	118	1	in	in	ADP
ftr-476	118	2	any	any	DET
ftr-476	118	3	event	event	NOUN
ftr-476	118	4	,	,	PUNCT
ftr-476	118	5	i	i	PRON
ftr-476	118	6	will	will	AUX
ftr-476	118	7	not	not	PART
ftr-476	118	8	go	go	VERB
ftr-476	118	9	further	far	ADV
ftr-476	118	10	here	here	ADV
ftr-476	118	11	in	in	ADP
ftr-476	118	12	defending	defend	VERB
ftr-476	118	13	§	§	PROPN
ftr-476	118	14	357(c	357(c	PROPN
ftr-476	118	15	)	)	PUNCT
ftr-476	118	16	except	except	SCONJ
ftr-476	118	17	to	to	PART
ftr-476	118	18	illustrate	illustrate	VERB
ftr-476	118	19	in	in	ADP
ftr-476	118	20	the	the	DET
ftr-476	118	21	text	text	NOUN
ftr-476	118	22	the	the	DET
ftr-476	118	23	classic	classic	ADJ
ftr-476	118	24	abuses	abuse	NOUN
ftr-476	118	25	that	that	SCONJ
ftr-476	118	26	it	it	PRON
ftr-476	118	27	is	be	AUX
ftr-476	118	28	or	or	CCONJ
ftr-476	118	29	should	should	AUX
ftr-476	118	30	be	be	AUX
ftr-476	118	31	intended	intend	VERB
ftr-476	118	32	to	to	PART
ftr-476	118	33	curb	curb	VERB
ftr-476	118	34	.	.	PUNCT
ftr-476	119	1	[	[	X
ftr-476	119	2	vol	vol	NOUN
ftr-476	119	3	2:5	2:5	NUM
ftr-476	119	4	zero	zero	NUM
ftr-476	119	5	basis	basis	NOUN
ftr-476	119	6	hoar	hoar	NOUN
ftr-476	119	7	357(c	357(c	PROPN
ftr-476	119	8	)	)	PUNCT
ftr-476	119	9	aims	aim	VERB
ftr-476	119	10	probably	probably	ADV
ftr-476	119	11	do	do	AUX
ftr-476	119	12	not	not	PART
ftr-476	119	13	exist	exist	VERB
ftr-476	119	14	if	if	SCONJ
ftr-476	119	15	the	the	DET
ftr-476	119	16	parties	party	NOUN
ftr-476	119	17	intend	intend	VERB
ftr-476	119	18	that	that	SCONJ
ftr-476	119	19	the	the	DET
ftr-476	119	20	transferor	transferor	NOUN
ftr-476	119	21	will	will	AUX
ftr-476	119	22	pay	pay	VERB
ftr-476	119	23	the	the	DET
ftr-476	119	24	debt	debt	NOUN
ftr-476	119	25	that	that	PRON
ftr-476	119	26	the	the	DET
ftr-476	119	27	corporation	corporation	NOUN
ftr-476	119	28	nominally	nominally	ADV
ftr-476	119	29	assumes	assume	VERB
ftr-476	119	30	or	or	CCONJ
ftr-476	119	31	takes	take	VERB
ftr-476	119	32	property	property	NOUN
ftr-476	119	33	subject	subject	NOUN
ftr-476	119	34	to	to	ADP
ftr-476	119	35	.	.	PUNCT
ftr-476	120	1	the	the	DET
ftr-476	120	2	second	second	ADJ
ftr-476	120	3	circuit	circuit	NOUN
ftr-476	120	4	and	and	CCONJ
ftr-476	120	5	many	many	ADJ
ftr-476	120	6	of	of	ADP
ftr-476	120	7	the	the	DET
ftr-476	120	8	commentators	commentator	NOUN
ftr-476	120	9	apparently	apparently	ADV
ftr-476	120	10	agree	agree	VERB
ftr-476	120	11	.	.	PUNCT
ftr-476	121	1	although	although	SCONJ
ftr-476	121	2	the	the	DET
ftr-476	121	3	reasons	reason	NOUN
ftr-476	121	4	for	for	ADP
ftr-476	121	5	its	its	PRON
ftr-476	121	6	enactment	enactment	NOUN
ftr-476	121	7	are	be	AUX
ftr-476	121	8	unclear	unclear	ADJ
ftr-476	121	9	,	,	PUNCT
ftr-476	121	10	4	4	NUM
ftr-476	121	11	section	section	NOUN
ftr-476	121	12	357(c	357(c	PROPN
ftr-476	121	13	)	)	PUNCT
ftr-476	121	14	can	can	AUX
ftr-476	121	15	be	be	AUX
ftr-476	121	16	viewed	view	VERB
ftr-476	121	17	as	as	ADP
ftr-476	121	18	aimed	aim	VERB
ftr-476	121	19	at	at	ADP
ftr-476	121	20	two	two	NUM
ftr-476	121	21	abuses	abuse	NOUN
ftr-476	121	22	.	.	PUNCT
ftr-476	121	23	'	'	PUNCT
ftr-476	122	1	5	5	NUM
ftr-476	122	2	those	those	DET
ftr-476	122	3	abuses	abuse	NOUN
ftr-476	122	4	are	be	AUX
ftr-476	122	5	illustrated	illustrate	VERB
ftr-476	122	6	below	below	ADV
ftr-476	122	7	,	,	PUNCT
ftr-476	122	8	together	together	ADV
ftr-476	122	9	with	with	ADP
ftr-476	122	10	an	an	DET
ftr-476	122	11	analysis	analysis	NOUN
ftr-476	122	12	of	of	ADP
ftr-476	122	13	how	how	SCONJ
ftr-476	122	14	the	the	DET
ftr-476	122	15	addition	addition	NOUN
ftr-476	122	16	of	of	ADP
ftr-476	122	17	the	the	DET
ftr-476	122	18	transferor	transferor	NOUN
ftr-476	122	19	's	's	PART
ftr-476	122	20	obligation	obligation	NOUN
ftr-476	122	21	can	can	AUX
ftr-476	122	22	ameliorate	ameliorate	VERB
ftr-476	122	23	the	the	DET
ftr-476	122	24	abuses	abuse	NOUN
ftr-476	122	25	.	.	PUNCT
ftr-476	123	1	pre	pre	ADJ
ftr-476	123	2	-	-	ADJ
ftr-476	123	3	transfer	transfer	ADJ
ftr-476	123	4	borrowing	borrowing	NOUN
ftr-476	123	5	abuse	abuse	NOUN
ftr-476	123	6	:	:	PUNCT
ftr-476	123	7	transferor	transferor	NOUN
ftr-476	123	8	t	t	NOUN
ftr-476	123	9	borrows	borrow	VERB
ftr-476	123	10	and	and	CCONJ
ftr-476	123	11	pockets	pocket	NOUN
ftr-476	123	12	$	$	SYM
ftr-476	123	13	75	75	NUM
ftr-476	123	14	.	.	PUNCT
ftr-476	124	1	shortly	shortly	ADV
ftr-476	124	2	thereafter	thereafter	ADV
ftr-476	124	3	,	,	PUNCT
ftr-476	124	4	t	t	PROPN
ftr-476	124	5	transfers	transfer	VERB
ftr-476	124	6	property	property	NOUN
ftr-476	124	7	worth	worth	ADJ
ftr-476	124	8	$	$	SYM
ftr-476	124	9	100	100	NUM
ftr-476	124	10	,	,	PUNCT
ftr-476	124	11	basis	basis	NOUN
ftr-476	124	12	of	of	ADP
ftr-476	124	13	$	$	SYM
ftr-476	124	14	50	50	NUM
ftr-476	124	15	,	,	PUNCT
ftr-476	124	16	to	to	ADP
ftr-476	124	17	newly	newly	ADV
ftr-476	124	18	formed	form	VERB
ftr-476	124	19	x	x	PROPN
ftr-476	124	20	corp	corp	PROPN
ftr-476	124	21	.	.	PROPN
ftr-476	124	22	in	in	ADP
ftr-476	124	23	exchange	exchange	NOUN
ftr-476	124	24	for	for	ADP
ftr-476	124	25	all	all	PRON
ftr-476	124	26	of	of	ADP
ftr-476	124	27	the	the	DET
ftr-476	124	28	x	x	SYM
ftr-476	124	29	stock	stock	NOUN
ftr-476	124	30	and	and	CCONJ
ftr-476	124	31	x	x	NOUN
ftr-476	124	32	's	's	PART
ftr-476	124	33	assumption	assumption	NOUN
ftr-476	124	34	of	of	ADP
ftr-476	124	35	the	the	DET
ftr-476	124	36	$	$	SYM
ftr-476	124	37	75	75	NUM
ftr-476	124	38	debt	debt	NOUN
ftr-476	124	39	,	,	PUNCT
ftr-476	124	40	from	from	ADP
ftr-476	124	41	which	which	PRON
ftr-476	124	42	t	t	NOUN
ftr-476	124	43	is	be	AUX
ftr-476	124	44	released	release	VERB
ftr-476	124	45	.	.	PUNCT
ftr-476	125	1	these	these	DET
ftr-476	125	2	transactions	transaction	NOUN
ftr-476	125	3	reach	reach	VERB
ftr-476	125	4	the	the	DET
ftr-476	125	5	same	same	ADJ
ftr-476	125	6	economic	economic	ADJ
ftr-476	125	7	results	result	NOUN
ftr-476	125	8	as	as	SCONJ
ftr-476	125	9	if	if	SCONJ
ftr-476	125	10	t	t	PROPN
ftr-476	125	11	had	have	AUX
ftr-476	125	12	incorporated	incorporate	VERB
ftr-476	125	13	the	the	DET
ftr-476	125	14	property	property	NOUN
ftr-476	125	15	unencumbered	unencumbered	ADJ
ftr-476	125	16	and	and	CCONJ
ftr-476	125	17	the	the	DET
ftr-476	125	18	$	$	SYM
ftr-476	125	19	75	75	NUM
ftr-476	125	20	had	have	AUX
ftr-476	125	21	been	be	AUX
ftr-476	125	22	borrowed	borrow	VERB
ftr-476	125	23	by	by	ADP
ftr-476	125	24	x	x	PUNCT
ftr-476	125	25	and	and	CCONJ
ftr-476	125	26	distributed	distribute	VERB
ftr-476	125	27	to	to	ADP
ftr-476	125	28	t.	t.	PROPN
ftr-476	125	29	in	in	ADP
ftr-476	125	30	the	the	DET
ftr-476	125	31	latter	latter	ADJ
ftr-476	125	32	case	case	NOUN
ftr-476	125	33	,	,	PUNCT
ftr-476	125	34	if	if	SCONJ
ftr-476	125	35	x	x	PRON
ftr-476	125	36	has	have	VERB
ftr-476	125	37	no	no	DET
ftr-476	125	38	earnings	earning	NOUN
ftr-476	125	39	and	and	CCONJ
ftr-476	125	40	profits	profit	NOUN
ftr-476	125	41	for	for	ADP
ftr-476	125	42	its	its	PRON
ftr-476	125	43	first	first	ADJ
ftr-476	125	44	taxable	taxable	ADJ
ftr-476	125	45	year	year	NOUN
ftr-476	125	46	,	,	PUNCT
ftr-476	125	47	$	$	SYM
ftr-476	125	48	50	50	NUM
ftr-476	125	49	of	of	ADP
ftr-476	125	50	the	the	DET
ftr-476	125	51	distribution	distribution	NOUN
ftr-476	125	52	would	would	AUX
ftr-476	125	53	be	be	AUX
ftr-476	125	54	characterized	characterize	VERB
ftr-476	125	55	by	by	ADP
ftr-476	125	56	section	section	NOUN
ftr-476	125	57	301(c)(2	301(c)(2	NUM
ftr-476	125	58	)	)	PUNCT
ftr-476	125	59	as	as	ADP
ftr-476	125	60	a	a	DET
ftr-476	125	61	return	return	NOUN
ftr-476	125	62	of	of	ADP
ftr-476	125	63	basis	basis	NOUN
ftr-476	125	64	,	,	PUNCT
ftr-476	125	65	and	and	CCONJ
ftr-476	125	66	$	$	SYM
ftr-476	125	67	25	25	NUM
ftr-476	125	68	would	would	AUX
ftr-476	125	69	be	be	AUX
ftr-476	125	70	gain	gain	NOUN
ftr-476	125	71	to	to	ADP
ftr-476	125	72	t	t	PROPN
ftr-476	125	73	under	under	ADP
ftr-476	125	74	section	section	NOUN
ftr-476	125	75	301(c)(3	301(c)(3	NOUN
ftr-476	125	76	)	)	PUNCT
ftr-476	125	77	.	.	PUNCT
ftr-476	126	1	under	under	ADP
ftr-476	126	2	section	section	NOUN
ftr-476	126	3	357(c	357(c	PROPN
ftr-476	126	4	)	)	PUNCT
ftr-476	126	5	,	,	PUNCT
ftr-476	126	6	t	t	PROPN
ftr-476	126	7	gets	get	VERB
ftr-476	126	8	the	the	DET
ftr-476	126	9	same	same	ADJ
ftr-476	126	10	result	result	NOUN
ftr-476	126	11	in	in	ADP
ftr-476	126	12	the	the	DET
ftr-476	126	13	original	original	ADJ
ftr-476	126	14	illustration	illustration	NOUN
ftr-476	126	15	.	.	PUNCT
ftr-476	126	16	"	"	PUNCT
ftr-476	127	1	in	in	ADP
ftr-476	127	2	the	the	DET
ftr-476	127	3	distribution	distribution	NOUN
ftr-476	127	4	alternative	alternative	NOUN
ftr-476	127	5	,	,	PUNCT
ftr-476	127	6	if	if	SCONJ
ftr-476	127	7	t	t	PROPN
ftr-476	127	8	also	also	ADV
ftr-476	127	9	issues	issue	VERB
ftr-476	127	10	a	a	DET
ftr-476	127	11	note	note	NOUN
ftr-476	127	12	to	to	ADP
ftr-476	127	13	x	x	SYM
ftr-476	127	14	promising	promise	VERB
ftr-476	127	15	to	to	PART
ftr-476	127	16	pay	pay	VERB
ftr-476	127	17	$	$	SYM
ftr-476	127	18	25	25	NUM
ftr-476	127	19	,	,	PUNCT
ftr-476	127	20	it	it	PRON
ftr-476	127	21	appears	appear	VERB
ftr-476	127	22	that	that	SCONJ
ftr-476	127	23	$	$	SYM
ftr-476	127	24	25	25	NUM
ftr-476	127	25	of	of	ADP
ftr-476	127	26	the	the	DET
ftr-476	127	27	corporation	corporation	NOUN
ftr-476	127	28	's	's	PART
ftr-476	127	29	payment	payment	NOUN
ftr-476	127	30	to	to	ADP
ftr-476	127	31	t	t	PROPN
ftr-476	127	32	is	be	AUX
ftr-476	127	33	a	a	DET
ftr-476	127	34	loan	loan	NOUN
ftr-476	127	35	,	,	PUNCT
ftr-476	127	36	and	and	CCONJ
ftr-476	127	37	the	the	DET
ftr-476	127	38	corporation	corporation	NOUN
ftr-476	127	39	has	have	AUX
ftr-476	127	40	distributed	distribute	VERB
ftr-476	127	41	only	only	ADV
ftr-476	127	42	$	$	SYM
ftr-476	127	43	50	50	NUM
ftr-476	127	44	,	,	PUNCT
ftr-476	127	45	reducing	reduce	VERB
ftr-476	127	46	ts	ts	ADP
ftr-476	127	47	stock	stock	NOUN
ftr-476	127	48	basis	basis	NOUN
ftr-476	127	49	to	to	ADP
ftr-476	127	50	zero	zero	NUM
ftr-476	127	51	.	.	PUNCT
ftr-476	128	1	1	1	NUM
ftr-476	128	2	7	7	NUM
ftr-476	128	3	if	if	SCONJ
ftr-476	128	4	ts	ts	ADP
ftr-476	128	5	note	note	NOUN
ftr-476	128	6	is	be	AUX
ftr-476	128	7	worth	worth	ADJ
ftr-476	128	8	$	$	SYM
ftr-476	128	9	25	25	NUM
ftr-476	128	10	,	,	PUNCT
ftr-476	128	11	the	the	DET
ftr-476	128	12	stock	stock	NOUN
ftr-476	128	13	should	should	AUX
ftr-476	128	14	be	be	AUX
ftr-476	128	15	worth	worth	ADJ
ftr-476	128	16	$	$	SYM
ftr-476	128	17	50	50	NUM
ftr-476	128	18	,	,	PUNCT
ftr-476	128	19	and	and	CCONJ
ftr-476	128	20	the	the	DET
ftr-476	128	21	$	$	SYM
ftr-476	128	22	50	50	NUM
ftr-476	128	23	of	of	ADP
ftr-476	128	24	gain	gain	NOUN
ftr-476	128	25	that	that	PRON
ftr-476	128	26	t	t	PROPN
ftr-476	128	27	avoided	avoid	VERB
ftr-476	128	28	14	14	NUM
ftr-476	128	29	.	.	PUNCT
ftr-476	129	1	the	the	DET
ftr-476	129	2	early	early	ADJ
ftr-476	129	3	legislative	legislative	ADJ
ftr-476	129	4	history	history	NOUN
ftr-476	129	5	is	be	AUX
ftr-476	129	6	not	not	PART
ftr-476	129	7	illuminating	illuminate	VERB
ftr-476	129	8	.	.	PUNCT
ftr-476	130	1	s.	s.	PROPN
ftr-476	130	2	rep	rep	PROPN
ftr-476	130	3	.	.	PROPN
ftr-476	131	1	no	no	PROPN
ftr-476	131	2	.	.	NOUN
ftr-476	131	3	1622	1622	NUM
ftr-476	131	4	,	,	PUNCT
ftr-476	131	5	83d	83d	NUM
ftr-476	131	6	cong	cong	NOUN
ftr-476	131	7	.	.	PROPN
ftr-476	131	8	,	,	PUNCT
ftr-476	131	9	2d	2d	PROPN
ftr-476	131	10	sess	sess	NOUN
ftr-476	131	11	.	.	PUNCT
ftr-476	132	1	270	270	NUM
ftr-476	132	2	(	(	PUNCT
ftr-476	132	3	1954	1954	NUM
ftr-476	132	4	)	)	PUNCT
ftr-476	132	5	,	,	PUNCT
ftr-476	132	6	reprinted	reprint	VERB
ftr-476	132	7	in	in	ADP
ftr-476	132	8	1954	1954	NUM
ftr-476	132	9	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-476	132	10	.	.	PUNCT
ftr-476	132	11	4621	4621	NUM
ftr-476	132	12	,	,	PUNCT
ftr-476	132	13	4908	4908	NUM
ftr-476	132	14	.	.	PUNCT
ftr-476	133	1	15	15	X
ftr-476	133	2	.	.	PUNCT
ftr-476	134	1	see	see	VERB
ftr-476	134	2	s.	s.	PROPN
ftr-476	134	3	rep	rep	PROPN
ftr-476	134	4	.	.	PROPN
ftr-476	134	5	no	no	PROPN
ftr-476	134	6	.	.	NOUN
ftr-476	134	7	1263	1263	NUM
ftr-476	134	8	,	,	PUNCT
ftr-476	134	9	95th	95th	ADJ
ftr-476	134	10	cong	cong	NOUN
ftr-476	134	11	..	..	PUNCT
ftr-476	134	12	2d	2d	NUM
ftr-476	134	13	sess	sess	NOUN
ftr-476	134	14	.	.	PUNCT
ftr-476	135	1	183	183	NUM
ftr-476	135	2	-	-	SYM
ftr-476	135	3	84	84	NUM
ftr-476	135	4	(	(	PUNCT
ftr-476	135	5	1978	1978	NUM
ftr-476	135	6	)	)	PUNCT
ftr-476	135	7	.	.	PUNCT
ftr-476	136	1	reprinted	reprint	VERB
ftr-476	136	2	in	in	ADP
ftr-476	136	3	1978	1978	NUM
ftr-476	136	4	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-476	136	5	.	.	PUNCT
ftr-476	137	1	6761	6761	NUM
ftr-476	137	2	,	,	PUNCT
ftr-476	137	3	6946	6946	NUM
ftr-476	137	4	(	(	PUNCT
ftr-476	137	5	confirming	confirm	VERB
ftr-476	137	6	the	the	DET
ftr-476	137	7	dual	dual	ADJ
ftr-476	137	8	aim	aim	NOUN
ftr-476	137	9	of	of	ADP
ftr-476	137	10	§	§	PROPN
ftr-476	137	11	357(c	357(c	PROPN
ftr-476	137	12	)	)	PUNCT
ftr-476	137	13	):	):	PUNCT
ftr-476	137	14	wiebusch	wiebusch	PROPN
ftr-476	137	15	v.	v.	PRON
ftr-476	137	16	commissioner	commissioner	NOUN
ftr-476	137	17	,	,	PUNCT
ftr-476	137	18	59	59	NUM
ftr-476	137	19	t.c	t.c	PROPN
ftr-476	137	20	.	.	PROPN
ftr-476	137	21	777	777	NUM
ftr-476	137	22	,	,	PUNCT
ftr-476	137	23	781	781	NUM
ftr-476	137	24	(	(	PUNCT
ftr-476	137	25	stating	state	VERB
ftr-476	137	26	that	that	SCONJ
ftr-476	137	27	§	§	PROPN
ftr-476	137	28	357(c	357(c	PROPN
ftr-476	137	29	)	)	PUNCT
ftr-476	137	30	is	be	AUX
ftr-476	137	31	intended	intend	VERB
ftr-476	137	32	to	to	PART
ftr-476	137	33	recapture	recapture	VERB
ftr-476	137	34	depreciation	depreciation	NOUN
ftr-476	137	35	or	or	CCONJ
ftr-476	137	36	tax	tax	NOUN
ftr-476	137	37	-	-	PUNCT
ftr-476	137	38	free	free	ADJ
ftr-476	137	39	cash	cash	NOUN
ftr-476	137	40	)	)	PUNCT
ftr-476	137	41	,	,	PUNCT
ftr-476	137	42	aff'd	aff'd	NOUN
ftr-476	137	43	,	,	PUNCT
ftr-476	137	44	487	487	NUM
ftr-476	137	45	f.2d	f.2d	NOUN
ftr-476	137	46	515	515	NUM
ftr-476	137	47	(	(	PUNCT
ftr-476	137	48	8th	8th	ADJ
ftr-476	137	49	cir	cir	NOUN
ftr-476	137	50	.	.	PROPN
ftr-476	137	51	1973	1973	NUM
ftr-476	137	52	)	)	PUNCT
ftr-476	137	53	.	.	PUNCT
ftr-476	138	1	16	16	NUM
ftr-476	138	2	.	.	PUNCT
ftr-476	139	1	section	section	NOUN
ftr-476	139	2	357(b	357(b	PROPN
ftr-476	139	3	)	)	PUNCT
ftr-476	139	4	could	could	AUX
ftr-476	139	5	apply	apply	VERB
ftr-476	139	6	instead	instead	ADV
ftr-476	139	7	if	if	SCONJ
ftr-476	139	8	the	the	DET
ftr-476	139	9	debt	debt	NOUN
ftr-476	139	10	assumption	assumption	NOUN
ftr-476	139	11	were	be	AUX
ftr-476	139	12	found	find	VERB
ftr-476	139	13	to	to	PART
ftr-476	139	14	have	have	VERB
ftr-476	139	15	no	no	DET
ftr-476	139	16	bona	bona	ADJ
ftr-476	139	17	fide	fide	ADJ
ftr-476	139	18	business	business	NOUN
ftr-476	139	19	purpose	purpose	NOUN
ftr-476	139	20	.	.	PUNCT
ftr-476	140	1	when	when	SCONJ
ftr-476	140	2	§	§	PROPN
ftr-476	140	3	357(b	357(b	PROPN
ftr-476	140	4	)	)	PUNCT
ftr-476	140	5	applies	apply	VERB
ftr-476	140	6	,	,	PUNCT
ftr-476	140	7	the	the	DET
ftr-476	140	8	transferor	transferor	NOUN
ftr-476	140	9	is	be	AUX
ftr-476	140	10	deemed	deem	VERB
ftr-476	140	11	to	to	PART
ftr-476	140	12	receive	receive	VERB
ftr-476	140	13	money	money	NOUN
ftr-476	140	14	equal	equal	ADJ
ftr-476	140	15	to	to	ADP
ftr-476	140	16	the	the	DET
ftr-476	140	17	debt	debt	NOUN
ftr-476	140	18	assumed	assume	VERB
ftr-476	140	19	.	.	PUNCT
ftr-476	141	1	in	in	ADP
ftr-476	141	2	the	the	DET
ftr-476	141	3	example	example	NOUN
ftr-476	141	4	.	.	PUNCT
ftr-476	142	1	§	§	PROPN
ftr-476	142	2	357(b	357(b	PROPN
ftr-476	142	3	)	)	PUNCT
ftr-476	142	4	would	would	AUX
ftr-476	142	5	cause	cause	VERB
ftr-476	142	6	t	t	NOUN
ftr-476	142	7	to	to	PART
ftr-476	142	8	recognize	recognize	VERB
ftr-476	142	9	gain	gain	NOUN
ftr-476	142	10	of	of	ADP
ftr-476	142	11	$	$	SYM
ftr-476	142	12	50	50	NUM
ftr-476	142	13	(	(	PUNCT
ftr-476	142	14	lesser	less	ADJ
ftr-476	142	15	of	of	ADP
ftr-476	142	16	the	the	DET
ftr-476	142	17	realized	realize	VERB
ftr-476	142	18	gain	gain	NOUN
ftr-476	142	19	of	of	ADP
ftr-476	142	20	s50	s50	NOUN
ftr-476	142	21	or	or	CCONJ
ftr-476	142	22	the	the	DET
ftr-476	142	23	boot	boot	NOUN
ftr-476	142	24	deemed	deem	VERB
ftr-476	142	25	received	receive	VERB
ftr-476	142	26	of	of	ADP
ftr-476	142	27	s75	s75	NOUN
ftr-476	142	28	)	)	PUNCT
ftr-476	142	29	.	.	PUNCT
ftr-476	143	1	it	it	PRON
ftr-476	143	2	might	might	AUX
ftr-476	143	3	seem	seem	VERB
ftr-476	143	4	that	that	SCONJ
ftr-476	143	5	§	§	PROPN
ftr-476	143	6	357(c	357(c	PROPN
ftr-476	143	7	)	)	PUNCT
ftr-476	143	8	is	be	AUX
ftr-476	143	9	inappropriately	inappropriately	ADV
ftr-476	143	10	less	less	ADV
ftr-476	143	11	harsh	harsh	ADJ
ftr-476	143	12	on	on	ADP
ftr-476	143	13	the	the	DET
ftr-476	143	14	transferor	transferor	NOUN
ftr-476	143	15	.	.	PUNCT
ftr-476	144	1	the	the	DET
ftr-476	144	2	difference	difference	NOUN
ftr-476	144	3	in	in	ADP
ftr-476	144	4	treatment	treatment	NOUN
ftr-476	144	5	can	can	AUX
ftr-476	144	6	be	be	AUX
ftr-476	144	7	explained	explain	VERB
ftr-476	144	8	by	by	ADP
ftr-476	144	9	(	(	PUNCT
ftr-476	144	10	1	1	X
ftr-476	144	11	)	)	PUNCT
ftr-476	144	12	the	the	DET
ftr-476	144	13	lack	lack	NOUN
ftr-476	144	14	of	of	ADP
ftr-476	144	15	business	business	NOUN
ftr-476	144	16	purpose	purpose	NOUN
ftr-476	144	17	causing	cause	VERB
ftr-476	144	18	the	the	DET
ftr-476	144	19	exchange	exchange	NOUN
ftr-476	144	20	to	to	PART
ftr-476	144	21	be	be	AUX
ftr-476	144	22	subject	subject	ADJ
ftr-476	144	23	to	to	ADP
ftr-476	144	24	§	§	PROPN
ftr-476	144	25	357(b	357(b	PROPN
ftr-476	144	26	)	)	PUNCT
ftr-476	144	27	,	,	PUNCT
ftr-476	144	28	(	(	PUNCT
ftr-476	144	29	2	2	X
ftr-476	144	30	)	)	PUNCT
ftr-476	144	31	the	the	DET
ftr-476	144	32	aim	aim	NOUN
ftr-476	144	33	of	of	ADP
ftr-476	144	34	§	§	PROPN
ftr-476	144	35	357(b	357(b	PROPN
ftr-476	144	36	)	)	PUNCT
ftr-476	144	37	to	to	PART
ftr-476	144	38	reverse	reverse	VERB
ftr-476	144	39	§	§	PROPN
ftr-476	144	40	357(a	357(a	PROPN
ftr-476	144	41	)	)	PUNCT
ftr-476	144	42	and	and	CCONJ
ftr-476	144	43	thus	thus	ADV
ftr-476	144	44	to	to	PART
ftr-476	144	45	treat	treat	VERB
ftr-476	144	46	the	the	DET
ftr-476	144	47	entire	entire	ADJ
ftr-476	144	48	debt	debt	NOUN
ftr-476	144	49	assumption	assumption	NOUN
ftr-476	144	50	as	as	ADP
ftr-476	144	51	cash	cash	NOUN
ftr-476	144	52	,	,	PUNCT
ftr-476	144	53	and	and	CCONJ
ftr-476	144	54	(	(	PUNCT
ftr-476	144	55	3	3	X
ftr-476	144	56	)	)	PUNCT
ftr-476	144	57	the	the	DET
ftr-476	144	58	view	view	NOUN
ftr-476	144	59	that	that	SCONJ
ftr-476	144	60	§	§	PROPN
ftr-476	144	61	357(c	357(c	PROPN
ftr-476	144	62	)	)	PUNCT
ftr-476	144	63	is	be	AUX
ftr-476	144	64	partly	partly	ADV
ftr-476	144	65	aimed	aim	VERB
ftr-476	144	66	at	at	ADP
ftr-476	144	67	avoiding	avoid	VERB
ftr-476	144	68	negative	negative	ADJ
ftr-476	144	69	basis	basis	NOUN
ftr-476	144	70	plus	plus	CCONJ
ftr-476	144	71	recognition	recognition	NOUN
ftr-476	144	72	of	of	ADP
ftr-476	144	73	the	the	DET
ftr-476	144	74	minimum	minimum	NOUN
ftr-476	144	75	amount	amount	NOUN
ftr-476	144	76	of	of	ADP
ftr-476	144	77	gain	gain	NOUN
ftr-476	144	78	required	require	VERB
ftr-476	144	79	by	by	ADP
ftr-476	144	80	the	the	DET
ftr-476	144	81	rationale	rationale	NOUN
ftr-476	144	82	of	of	ADP
ftr-476	144	83	commissioner	commissioner	NOUN
ftr-476	144	84	v.	v.	ADP
ftr-476	144	85	tufts	tuft	NOUN
ftr-476	144	86	,	,	PUNCT
ftr-476	144	87	461	461	NUM
ftr-476	144	88	u.s	u.s	PROPN
ftr-476	144	89	.	.	PROPN
ftr-476	144	90	300	300	NUM
ftr-476	144	91	(	(	PUNCT
ftr-476	144	92	1983	1983	NUM
ftr-476	144	93	)	)	PUNCT
ftr-476	144	94	.	.	PUNCT
ftr-476	145	1	see	see	VERB
ftr-476	145	2	boris	boris	PROPN
ftr-476	145	3	i.	i.	PROPN
ftr-476	145	4	bittker	bittker	PROPN
ftr-476	145	5	&	&	CCONJ
ftr-476	145	6	james	james	PROPN
ftr-476	145	7	s.	s.	PROPN
ftr-476	145	8	eustice	eustice	PROPN
ftr-476	145	9	,	,	PUNCT
ftr-476	145	10	federal	federal	ADJ
ftr-476	145	11	income	income	NOUN
ftr-476	145	12	taxation	taxation	NOUN
ftr-476	145	13	of	of	ADP
ftr-476	145	14	corporations	corporation	NOUN
ftr-476	145	15	and	and	CCONJ
ftr-476	145	16	shareholders	shareholder	NOUN
ftr-476	145	17	i	i	PROPN
ftr-476	145	18	3.0614][al	3.0614][al	PROPN
ftr-476	145	19	n.	n.	NOUN
ftr-476	145	20	138	138	NUM
ftr-476	145	21	(	(	PUNCT
ftr-476	145	22	6th	6th	ADJ
ftr-476	145	23	ed	ed	NOUN
ftr-476	145	24	.	.	PROPN
ftr-476	145	25	1994	1994	NUM
ftr-476	145	26	)	)	PUNCT
ftr-476	145	27	.	.	PUNCT
ftr-476	146	1	furthermore	furthermore	ADV
ftr-476	146	2	,	,	PUNCT
ftr-476	146	3	§	§	PROPN
ftr-476	146	4	357(c	357(c	PROPN
ftr-476	146	5	)	)	PUNCT
ftr-476	146	6	can	can	AUX
ftr-476	146	7	require	require	VERB
ftr-476	146	8	gain	gain	NOUN
ftr-476	146	9	recognition	recognition	NOUN
ftr-476	146	10	where	where	SCONJ
ftr-476	146	11	§	§	PROPN
ftr-476	146	12	357(b	357(b	PROPN
ftr-476	146	13	)	)	PUNCT
ftr-476	146	14	could	could	AUX
ftr-476	146	15	not	not	PART
ftr-476	146	16	:	:	PUNCT
ftr-476	146	17	when	when	SCONJ
ftr-476	146	18	there	there	PRON
ftr-476	146	19	is	be	VERB
ftr-476	146	20	no	no	DET
ftr-476	146	21	gain	gain	NOUN
ftr-476	146	22	realized	realize	VERB
ftr-476	146	23	on	on	ADP
ftr-476	146	24	the	the	DET
ftr-476	146	25	property	property	NOUN
ftr-476	146	26	disposition	disposition	NOUN
ftr-476	146	27	but	but	CCONJ
ftr-476	146	28	the	the	DET
ftr-476	146	29	debt	debt	NOUN
ftr-476	146	30	assumed	assume	VERB
ftr-476	146	31	still	still	ADV
ftr-476	146	32	exceeds	exceed	VERB
ftr-476	146	33	the	the	DET
ftr-476	146	34	basis	basis	NOUN
ftr-476	146	35	of	of	ADP
ftr-476	146	36	property	property	NOUN
ftr-476	146	37	transferred	transfer	VERB
ftr-476	146	38	.	.	PUNCT
ftr-476	147	1	17	17	NUM
ftr-476	147	2	.	.	PUNCT
ftr-476	147	3	cf	cf	NOUN
ftr-476	147	4	.	.	PUNCT
ftr-476	147	5	regs	regs	PROPN
ftr-476	147	6	.	.	PUNCT
ftr-476	148	1	§	§	PROPN
ftr-476	148	2	1.301	1.301	NUM
ftr-476	148	3	-	-	SYM
ftr-476	148	4	1(j	1(j	NUM
ftr-476	148	5	)	)	PUNCT
ftr-476	149	1	(	(	PUNCT
ftr-476	149	2	providing	provide	VERB
ftr-476	149	3	partial	partial	ADJ
ftr-476	149	4	distribution	distribution	NOUN
ftr-476	149	5	treatment	treatment	NOUN
ftr-476	149	6	for	for	ADP
ftr-476	149	7	sale	sale	NOUN
ftr-476	149	8	to	to	ADP
ftr-476	149	9	shareholder	shareholder	NOUN
ftr-476	149	10	at	at	ADP
ftr-476	149	11	less	less	ADJ
ftr-476	149	12	than	than	ADP
ftr-476	149	13	fair	fair	ADJ
ftr-476	149	14	market	market	NOUN
ftr-476	149	15	value	value	NOUN
ftr-476	149	16	)	)	PUNCT
ftr-476	149	17	.	.	PUNCT
ftr-476	150	1	19941	19941	NUM
ftr-476	150	2	florida	florida	PROPN
ftr-476	150	3	tax	tax	NOUN
ftr-476	150	4	review	review	NOUN
ftr-476	150	5	recognizing	recognize	VERB
ftr-476	150	6	on	on	ADP
ftr-476	150	7	the	the	DET
ftr-476	150	8	incorporation	incorporation	NOUN
ftr-476	150	9	is	be	AUX
ftr-476	150	10	deferred	defer	VERB
ftr-476	150	11	but	but	CCONJ
ftr-476	150	12	not	not	PART
ftr-476	150	13	escaped	escape	VERB
ftr-476	150	14	.	.	PUNCT
ftr-476	151	1	the	the	DET
ftr-476	151	2	lessinger	lessinger	ADJ
ftr-476	151	3	decision	decision	NOUN
ftr-476	151	4	reaches	reach	VERB
ftr-476	151	5	that	that	DET
ftr-476	151	6	result	result	NOUN
ftr-476	151	7	.	.	PUNCT
ftr-476	152	1	in	in	ADP
ftr-476	152	2	effect	effect	NOUN
ftr-476	152	3	,	,	PUNCT
ftr-476	152	4	t	t	PROPN
ftr-476	152	5	remains	remain	VERB
ftr-476	152	6	liable	liable	ADJ
ftr-476	152	7	on	on	ADP
ftr-476	152	8	$	$	SYM
ftr-476	152	9	25	25	NUM
ftr-476	152	10	of	of	ADP
ftr-476	152	11	his	his	PRON
ftr-476	152	12	original	original	ADJ
ftr-476	152	13	$	$	SYM
ftr-476	152	14	75	75	NUM
ftr-476	152	15	debt	debt	NOUN
ftr-476	152	16	and	and	CCONJ
ftr-476	152	17	,	,	PUNCT
ftr-476	152	18	arguably	arguably	ADV
ftr-476	152	19	,	,	PUNCT
ftr-476	152	20	only	only	ADV
ftr-476	152	21	$	$	SYM
ftr-476	152	22	50	50	NUM
ftr-476	152	23	should	should	AUX
ftr-476	152	24	be	be	AUX
ftr-476	152	25	considered	consider	VERB
ftr-476	152	26	assumed	assume	VERB
ftr-476	152	27	by	by	ADP
ftr-476	152	28	the	the	DET
ftr-476	152	29	corporation	corporation	NOUN
ftr-476	152	30	.	.	PUNCT
ftr-476	153	1	pre	pre	ADJ
ftr-476	153	2	-	-	ADJ
ftr-476	153	3	transfer	transfer	ADJ
ftr-476	153	4	depreciation	depreciation	NOUN
ftr-476	153	5	abuse	abuse	NOUN
ftr-476	153	6	:	:	PUNCT
ftr-476	153	7	t	t	PROPN
ftr-476	153	8	buys	buy	VERB
ftr-476	153	9	depreciable	depreciable	ADJ
ftr-476	153	10	property	property	NOUN
ftr-476	153	11	for	for	ADP
ftr-476	153	12	$	$	SYM
ftr-476	153	13	100	100	NUM
ftr-476	153	14	,	,	PUNCT
ftr-476	153	15	paying	pay	VERB
ftr-476	153	16	$	$	SYM
ftr-476	153	17	25	25	NUM
ftr-476	153	18	in	in	ADP
ftr-476	153	19	cash	cash	NOUN
ftr-476	153	20	and	and	CCONJ
ftr-476	153	21	issuing	issue	VERB
ftr-476	153	22	a	a	DET
ftr-476	153	23	purchase	purchase	NOUN
ftr-476	153	24	money	money	NOUN
ftr-476	153	25	note	note	NOUN
ftr-476	153	26	for	for	ADP
ftr-476	153	27	$	$	SYM
ftr-476	153	28	75	75	NUM
ftr-476	153	29	.	.	PUNCT
ftr-476	154	1	after	after	ADP
ftr-476	154	2	taking	take	VERB
ftr-476	154	3	$	$	SYM
ftr-476	154	4	50	50	NUM
ftr-476	154	5	of	of	ADP
ftr-476	154	6	depreciation	depreciation	NOUN
ftr-476	154	7	,	,	PUNCT
ftr-476	154	8	t	t	PROPN
ftr-476	154	9	transfers	transfer	VERB
ftr-476	154	10	the	the	DET
ftr-476	154	11	property	property	NOUN
ftr-476	154	12	to	to	AUX
ftr-476	154	13	newly	newly	ADV
ftr-476	154	14	formed	form	VERB
ftr-476	154	15	x	x	PROPN
ftr-476	154	16	corp	corp	PROPN
ftr-476	154	17	.	.	PROPN
ftr-476	154	18	in	in	ADP
ftr-476	154	19	exchange	exchange	NOUN
ftr-476	154	20	for	for	ADP
ftr-476	154	21	all	all	PRON
ftr-476	154	22	of	of	ADP
ftr-476	154	23	the	the	DET
ftr-476	154	24	x	x	NOUN
ftr-476	154	25	stock	stock	NOUN
ftr-476	154	26	,	,	PUNCT
ftr-476	154	27	and	and	CCONJ
ftr-476	154	28	x	x	PRON
ftr-476	154	29	assumes	assume	VERB
ftr-476	154	30	t	t	PROPN
ftr-476	154	31	's	's	PART
ftr-476	154	32	debt	debt	NOUN
ftr-476	154	33	of	of	ADP
ftr-476	154	34	$	$	SYM
ftr-476	154	35	75	75	NUM
ftr-476	154	36	,	,	PUNCT
ftr-476	154	37	from	from	ADP
ftr-476	154	38	which	which	PRON
ftr-476	154	39	t	t	NOUN
ftr-476	154	40	is	be	AUX
ftr-476	154	41	released	release	VERB
ftr-476	154	42	.	.	PUNCT
ftr-476	155	1	t	t	PROPN
ftr-476	155	2	's	's	PART
ftr-476	155	3	depreciation	depreciation	NOUN
ftr-476	155	4	was	be	AUX
ftr-476	155	5	determined	determine	VERB
ftr-476	155	6	from	from	ADP
ftr-476	155	7	a	a	DET
ftr-476	155	8	basis	basis	NOUN
ftr-476	155	9	of	of	ADP
ftr-476	155	10	$	$	SYM
ftr-476	155	11	100	100	NUM
ftr-476	155	12	on	on	ADP
ftr-476	155	13	the	the	DET
ftr-476	155	14	presumption	presumption	NOUN
ftr-476	155	15	that	that	SCONJ
ftr-476	155	16	t	t	PROPN
ftr-476	155	17	would	would	AUX
ftr-476	155	18	eventually	eventually	ADV
ftr-476	155	19	pay	pay	VERB
ftr-476	155	20	$	$	SYM
ftr-476	155	21	100	100	NUM
ftr-476	155	22	for	for	ADP
ftr-476	155	23	the	the	DET
ftr-476	155	24	property	property	NOUN
ftr-476	155	25	.	.	PUNCT
ftr-476	156	1	the	the	DET
ftr-476	156	2	transfer	transfer	NOUN
ftr-476	156	3	contradicts	contradict	VERB
ftr-476	156	4	the	the	DET
ftr-476	156	5	presumption	presumption	NOUN
ftr-476	156	6	by	by	ADP
ftr-476	156	7	shifting	shift	VERB
ftr-476	156	8	the	the	DET
ftr-476	156	9	debt	debt	NOUN
ftr-476	156	10	to	to	ADP
ftr-476	156	11	x	x	PRON
ftr-476	156	12	,	,	PUNCT
ftr-476	156	13	and	and	CCONJ
ftr-476	156	14	the	the	DET
ftr-476	156	15	amount	amount	NOUN
ftr-476	156	16	by	by	ADP
ftr-476	156	17	which	which	PRON
ftr-476	156	18	the	the	DET
ftr-476	156	19	depreciation	depreciation	NOUN
ftr-476	156	20	of	of	ADP
ftr-476	156	21	$	$	SYM
ftr-476	156	22	50	50	NUM
ftr-476	156	23	exceeds	exceed	NOUN
ftr-476	156	24	t	t	PROPN
ftr-476	156	25	's	's	PART
ftr-476	156	26	actual	actual	ADJ
ftr-476	156	27	investment	investment	NOUN
ftr-476	156	28	of	of	ADP
ftr-476	156	29	$	$	SYM
ftr-476	156	30	25	25	NUM
ftr-476	156	31	should	should	AUX
ftr-476	156	32	be	be	AUX
ftr-476	156	33	recaptured	recapture	VERB
ftr-476	156	34	as	as	ADP
ftr-476	156	35	income	income	NOUN
ftr-476	156	36	to	to	ADP
ftr-476	156	37	t.18	t.18	PROPN
ftr-476	156	38	section	section	NOUN
ftr-476	156	39	357(c	357(c	PROPN
ftr-476	156	40	)	)	PUNCT
ftr-476	156	41	accomplishes	accomplish	VERB
ftr-476	156	42	this	this	DET
ftr-476	156	43	recapture	recapture	NOUN
ftr-476	156	44	,	,	PUNCT
ftr-476	156	45	and	and	CCONJ
ftr-476	156	46	t	t	NOUN
ftr-476	156	47	takes	take	VERB
ftr-476	156	48	the	the	DET
ftr-476	156	49	stock	stock	NOUN
ftr-476	156	50	with	with	ADP
ftr-476	156	51	a	a	DET
ftr-476	156	52	zero	zero	NUM
ftr-476	156	53	basis	basis	NOUN
ftr-476	156	54	.	.	PUNCT
ftr-476	157	1	if	if	SCONJ
ftr-476	157	2	,	,	PUNCT
ftr-476	157	3	in	in	ADP
ftr-476	157	4	addition	addition	NOUN
ftr-476	157	5	to	to	ADP
ftr-476	157	6	the	the	DET
ftr-476	157	7	property	property	NOUN
ftr-476	157	8	,	,	PUNCT
ftr-476	157	9	t	t	PROPN
ftr-476	157	10	gives	give	VERB
ftr-476	157	11	to	to	ADP
ftr-476	157	12	x	x	PUNCT
ftr-476	157	13	a	a	DET
ftr-476	157	14	note	note	NOUN
ftr-476	157	15	by	by	ADP
ftr-476	157	16	which	which	PRON
ftr-476	157	17	t	t	NOUN
ftr-476	157	18	promises	promise	VERB
ftr-476	157	19	to	to	PART
ftr-476	157	20	pay	pay	VERB
ftr-476	157	21	$	$	SYM
ftr-476	157	22	25	25	NUM
ftr-476	157	23	,	,	PUNCT
ftr-476	157	24	t	t	PROPN
ftr-476	157	25	should	should	AUX
ftr-476	157	26	arguably	arguably	ADV
ftr-476	157	27	not	not	PART
ftr-476	157	28	recognize	recognize	VERB
ftr-476	157	29	$	$	SYM
ftr-476	157	30	25	25	NUM
ftr-476	157	31	of	of	ADP
ftr-476	157	32	gain	gain	NOUN
ftr-476	157	33	because	because	SCONJ
ftr-476	157	34	x	x	PRON
ftr-476	157	35	will	will	AUX
ftr-476	157	36	pay	pay	VERB
ftr-476	157	37	only	only	ADV
ftr-476	157	38	$	$	SYM
ftr-476	157	39	50	50	NUM
ftr-476	157	40	of	of	ADP
ftr-476	157	41	t	t	PROPN
ftr-476	157	42	's	's	PART
ftr-476	157	43	debt	debt	NOUN
ftr-476	157	44	.	.	PUNCT
ftr-476	158	1	in	in	ADP
ftr-476	158	2	effect	effect	NOUN
ftr-476	158	3	,	,	PUNCT
ftr-476	158	4	t	t	PROPN
ftr-476	158	5	remains	remain	VERB
ftr-476	158	6	liable	liable	ADJ
ftr-476	158	7	on	on	ADP
ftr-476	158	8	$	$	SYM
ftr-476	158	9	25	25	NUM
ftr-476	158	10	of	of	ADP
ftr-476	158	11	his	his	PRON
ftr-476	158	12	original	original	ADJ
ftr-476	158	13	$	$	SYM
ftr-476	158	14	75	75	NUM
ftr-476	158	15	note	note	NOUN
ftr-476	158	16	,	,	PUNCT
ftr-476	158	17	and	and	CCONJ
ftr-476	158	18	ts	ts	SCONJ
ftr-476	158	19	presumed	presume	VERB
ftr-476	158	20	investment	investment	NOUN
ftr-476	158	21	(	(	PUNCT
ftr-476	158	22	$	$	SYM
ftr-476	158	23	25	25	NUM
ftr-476	158	24	already	already	ADV
ftr-476	158	25	paid	pay	VERB
ftr-476	158	26	and	and	CCONJ
ftr-476	158	27	$	$	SYM
ftr-476	158	28	25	25	NUM
ftr-476	158	29	to	to	PART
ftr-476	158	30	be	be	AUX
ftr-476	158	31	paid	pay	VERB
ftr-476	158	32	on	on	ADP
ftr-476	158	33	the	the	DET
ftr-476	158	34	note	note	NOUN
ftr-476	158	35	)	)	PUNCT
ftr-476	158	36	does	do	AUX
ftr-476	158	37	not	not	PART
ftr-476	158	38	exceed	exceed	VERB
ftr-476	158	39	the	the	DET
ftr-476	158	40	depreciation	depreciation	NOUN
ftr-476	158	41	allowed	allow	VERB
ftr-476	158	42	.	.	PUNCT
ftr-476	159	1	these	these	DET
ftr-476	159	2	examples	example	NOUN
ftr-476	159	3	show	show	VERB
ftr-476	159	4	that	that	SCONJ
ftr-476	159	5	congress	congress	PROPN
ftr-476	159	6	either	either	CCONJ
ftr-476	159	7	was	be	AUX
ftr-476	159	8	,	,	PUNCT
ftr-476	159	9	or	or	CCONJ
ftr-476	159	10	reasonably	reasonably	ADV
ftr-476	159	11	could	could	AUX
ftr-476	159	12	have	have	AUX
ftr-476	159	13	been	be	AUX
ftr-476	159	14	,	,	PUNCT
ftr-476	159	15	concerned	concern	VERB
ftr-476	159	16	with	with	ADP
ftr-476	159	17	t	t	NOUN
ftr-476	159	18	effectively	effectively	ADV
ftr-476	159	19	receiving	receive	VERB
ftr-476	159	20	cash	cash	NOUN
ftr-476	159	21	from	from	ADP
ftr-476	159	22	the	the	DET
ftr-476	159	23	corporation	corporation	NOUN
ftr-476	159	24	without	without	ADP
ftr-476	159	25	the	the	DET
ftr-476	159	26	recognition	recognition	NOUN
ftr-476	159	27	that	that	PRON
ftr-476	159	28	normally	normally	ADV
ftr-476	159	29	attends	attend	VERB
ftr-476	159	30	distributions	distribution	NOUN
ftr-476	159	31	or	or	CCONJ
ftr-476	159	32	with	with	ADP
ftr-476	159	33	t	t	NOUN
ftr-476	159	34	enjoying	enjoy	VERB
ftr-476	159	35	deductions	deduction	NOUN
ftr-476	159	36	without	without	ADP
ftr-476	159	37	ever	ever	ADV
ftr-476	159	38	paying	pay	VERB
ftr-476	159	39	for	for	ADP
ftr-476	159	40	them	they	PRON
ftr-476	159	41	in	in	ADP
ftr-476	159	42	cash	cash	NOUN
ftr-476	159	43	or	or	CCONJ
ftr-476	159	44	by	by	ADP
ftr-476	159	45	gain	gain	NOUN
ftr-476	159	46	recognition	recognition	NOUN
ftr-476	159	47	.	.	PUNCT
ftr-476	160	1	t	t	PROPN
ftr-476	160	2	's	's	PART
ftr-476	160	3	eventual	eventual	ADJ
ftr-476	160	4	recognition	recognition	NOUN
ftr-476	160	5	of	of	ADP
ftr-476	160	6	this	this	DET
ftr-476	160	7	gain	gain	NOUN
ftr-476	160	8	could	could	AUX
ftr-476	160	9	have	have	AUX
ftr-476	160	10	been	be	AUX
ftr-476	160	11	arranged	arrange	VERB
ftr-476	160	12	by	by	ADP
ftr-476	160	13	providing	provide	VERB
ftr-476	160	14	a	a	DET
ftr-476	160	15	negative	negative	ADJ
ftr-476	160	16	basis	basis	NOUN
ftr-476	160	17	of	of	ADP
ftr-476	160	18	$	$	SYM
ftr-476	160	19	25	25	NUM
ftr-476	160	20	for	for	SCONJ
ftr-476	160	21	the	the	DET
ftr-476	160	22	stock	stock	NOUN
ftr-476	160	23	received	receive	VERB
ftr-476	160	24	,	,	PUNCT
ftr-476	160	25	but	but	CCONJ
ftr-476	160	26	congress	congress	PROPN
ftr-476	160	27	chose	choose	VERB
ftr-476	160	28	not	not	PART
ftr-476	160	29	to	to	PART
ftr-476	160	30	permit	permit	VERB
ftr-476	160	31	that	that	DET
ftr-476	160	32	deferral	deferral	NOUN
ftr-476	160	33	,	,	PUNCT
ftr-476	160	34	probably	probably	ADV
ftr-476	160	35	for	for	ADP
ftr-476	160	36	either	either	CCONJ
ftr-476	160	37	fiscal	fiscal	ADJ
ftr-476	160	38	or	or	CCONJ
ftr-476	160	39	administrative	administrative	ADJ
ftr-476	160	40	reasons	reason	NOUN
ftr-476	160	41	.	.	PUNCT
ftr-476	161	1	9	9	NUM
ftr-476	161	2	as	as	SCONJ
ftr-476	161	3	shown	show	VERB
ftr-476	161	4	above	above	ADV
ftr-476	161	5	,	,	PUNCT
ftr-476	161	6	the	the	DET
ftr-476	161	7	targeted	target	VERB
ftr-476	161	8	abuses	abuse	NOUN
ftr-476	161	9	can	can	AUX
ftr-476	161	10	disappear	disappear	VERB
ftr-476	161	11	if	if	SCONJ
ftr-476	161	12	t	t	PROPN
ftr-476	161	13	remains	remain	VERB
ftr-476	161	14	liable	liable	ADJ
ftr-476	161	15	for	for	ADP
ftr-476	161	16	part	part	NOUN
ftr-476	161	17	of	of	ADP
ftr-476	161	18	the	the	DET
ftr-476	161	19	debt	debt	NOUN
ftr-476	161	20	.	.	PUNCT
ftr-476	162	1	t	t	PROPN
ftr-476	162	2	has	have	AUX
ftr-476	162	3	merely	merely	ADV
ftr-476	162	4	obtained	obtain	VERB
ftr-476	162	5	a	a	DET
ftr-476	162	6	continued	continue	VERB
ftr-476	162	7	deferral	deferral	NOUN
ftr-476	162	8	of	of	ADP
ftr-476	162	9	his	his	PRON
ftr-476	162	10	gain	gain	NOUN
ftr-476	162	11	,	,	PUNCT
ftr-476	162	12	at	at	ADP
ftr-476	162	13	the	the	DET
ftr-476	162	14	price	price	NOUN
ftr-476	162	15	of	of	ADP
ftr-476	162	16	his	his	PRON
ftr-476	162	17	continued	continue	VERB
ftr-476	162	18	promise	promise	NOUN
ftr-476	162	19	to	to	PART
ftr-476	162	20	pay	pay	VERB
ftr-476	162	21	.	.	PUNCT
ftr-476	163	1	similarly	similarly	ADV
ftr-476	163	2	,	,	PUNCT
ftr-476	163	3	the	the	DET
ftr-476	163	4	second	second	ADJ
ftr-476	163	5	circuit	circuit	NOUN
ftr-476	163	6	evidently	evidently	ADV
ftr-476	163	7	did	do	AUX
ftr-476	163	8	not	not	PART
ftr-476	163	9	believe	believe	VERB
ftr-476	163	10	that	that	SCONJ
ftr-476	163	11	sol	sol	NOUN
ftr-476	163	12	had	have	AUX
ftr-476	163	13	benefitted	benefit	VERB
ftr-476	163	14	economically	economically	ADV
ftr-476	163	15	by	by	ADP
ftr-476	163	16	the	the	DET
ftr-476	163	17	corporation	corporation	NOUN
ftr-476	163	18	's	's	PART
ftr-476	163	19	debt	debt	NOUN
ftr-476	163	20	assumption	assumption	NOUN
ftr-476	163	21	;	;	PUNCT
ftr-476	163	22	instead	instead	ADV
ftr-476	163	23	of	of	ADP
ftr-476	163	24	being	be	AUX
ftr-476	163	25	relieved	relieve	VERB
ftr-476	163	26	of	of	ADP
ftr-476	163	27	debt	debt	NOUN
ftr-476	163	28	,	,	PUNCT
ftr-476	163	29	sol	sol	NOUN
ftr-476	163	30	remained	remain	VERB
ftr-476	163	31	liable	liable	ADJ
ftr-476	163	32	,	,	PUNCT
ftr-476	163	33	albeit	albeit	SCONJ
ftr-476	163	34	to	to	ADP
ftr-476	163	35	a	a	DET
ftr-476	163	36	different	different	ADJ
ftr-476	163	37	creditor	creditor	NOUN
ftr-476	163	38	.	.	PUNCT
ftr-476	164	1	18	18	NUM
ftr-476	164	2	.	.	X
ftr-476	165	1	see	see	VERB
ftr-476	165	2	crane	crane	NOUN
ftr-476	165	3	v.	v.	PROPN
ftr-476	165	4	commissioner	commissioner	PROPN
ftr-476	165	5	,	,	PUNCT
ftr-476	165	6	331	331	NUM
ftr-476	165	7	u.s	u.s	PROPN
ftr-476	165	8	.	.	PROPN
ftr-476	165	9	1	1	NUM
ftr-476	165	10	(	(	PUNCT
ftr-476	165	11	1947	1947	NUM
ftr-476	165	12	)	)	PUNCT
ftr-476	165	13	(	(	PUNCT
ftr-476	165	14	holding	hold	VERB
ftr-476	165	15	that	that	DET
ftr-476	165	16	debt	debt	NOUN
ftr-476	165	17	to	to	ADP
ftr-476	165	18	which	which	PRON
ftr-476	165	19	a	a	DET
ftr-476	165	20	buyer	buyer	NOUN
ftr-476	165	21	took	take	VERB
ftr-476	165	22	subject	subject	NOUN
ftr-476	165	23	was	be	AUX
ftr-476	165	24	included	include	VERB
ftr-476	165	25	in	in	ADP
ftr-476	165	26	the	the	DET
ftr-476	165	27	seller	seller	NOUN
ftr-476	165	28	's	's	PART
ftr-476	165	29	amount	amount	NOUN
ftr-476	165	30	realized	realize	VERB
ftr-476	165	31	because	because	SCONJ
ftr-476	165	32	the	the	DET
ftr-476	165	33	debt	debt	NOUN
ftr-476	165	34	was	be	AUX
ftr-476	165	35	included	include	VERB
ftr-476	165	36	in	in	ADP
ftr-476	165	37	the	the	DET
ftr-476	165	38	seller	seller	NOUN
ftr-476	165	39	's	's	PART
ftr-476	165	40	basis	basis	NOUN
ftr-476	165	41	in	in	ADP
ftr-476	165	42	determining	determine	VERB
ftr-476	165	43	depreciation	depreciation	NOUN
ftr-476	165	44	for	for	ADP
ftr-476	165	45	prior	prior	ADJ
ftr-476	165	46	years	year	NOUN
ftr-476	165	47	)	)	PUNCT
ftr-476	165	48	.	.	PUNCT
ftr-476	166	1	19	19	NUM
ftr-476	166	2	.	.	X
ftr-476	166	3	see	see	VERB
ftr-476	166	4	generally	generally	ADV
ftr-476	166	5	george	george	PROPN
ftr-476	166	6	cooper	cooper	PROPN
ftr-476	166	7	,	,	PUNCT
ftr-476	166	8	negative	negative	ADJ
ftr-476	166	9	basis	basis	NOUN
ftr-476	166	10	,	,	PUNCT
ftr-476	166	11	75	75	NUM
ftr-476	166	12	harv	harv	NOUN
ftr-476	166	13	.	.	PUNCT
ftr-476	167	1	l.	l.	PROPN
ftr-476	167	2	rev	rev	PROPN
ftr-476	167	3	.	.	PROPN
ftr-476	167	4	1352	1352	NUM
ftr-476	167	5	,	,	PUNCT
ftr-476	167	6	1358	1358	NUM
ftr-476	167	7	-	-	SYM
ftr-476	167	8	60	60	NUM
ftr-476	167	9	(	(	PUNCT
ftr-476	167	10	1962	1962	NUM
ftr-476	167	11	)	)	PUNCT
ftr-476	167	12	(	(	PUNCT
ftr-476	167	13	discussing	discuss	VERB
ftr-476	167	14	the	the	DET
ftr-476	167	15	legislative	legislative	ADJ
ftr-476	167	16	history	history	NOUN
ftr-476	167	17	of	of	ADP
ftr-476	167	18	§	§	PROPN
ftr-476	167	19	357(c	357(c	PROPN
ftr-476	167	20	)	)	PUNCT
ftr-476	167	21	)	)	PUNCT
ftr-476	167	22	.	.	PUNCT
ftr-476	168	1	[	[	X
ftr-476	168	2	vol	vol	NOUN
ftr-476	168	3	2:5	2:5	NUM
ftr-476	168	4	zero	zero	NUM
ftr-476	168	5	basis	basis	NOUN
ftr-476	168	6	hoar	hoar	NOUN
ftr-476	168	7	if	if	SCONJ
ftr-476	168	8	sol	sol	NOUN
ftr-476	168	9	's	's	PART
ftr-476	168	10	obligation	obligation	NOUN
ftr-476	168	11	was	be	AUX
ftr-476	168	12	bona	bona	ADJ
ftr-476	168	13	fide	fide	ADJ
ftr-476	168	14	,	,	PUNCT
ftr-476	168	15	the	the	DET
ftr-476	168	16	second	second	ADJ
ftr-476	168	17	circuit	circuit	NOUN
ftr-476	168	18	surely	surely	ADV
ftr-476	168	19	was	be	AUX
ftr-476	168	20	right	right	ADJ
ftr-476	168	21	in	in	ADP
ftr-476	168	22	principle	principle	NOUN
ftr-476	168	23	because	because	SCONJ
ftr-476	168	24	sol	sol	PROPN
ftr-476	168	25	was	be	AUX
ftr-476	168	26	simply	simply	ADV
ftr-476	168	27	taking	take	VERB
ftr-476	168	28	advantage	advantage	NOUN
ftr-476	168	29	of	of	ADP
ftr-476	168	30	the	the	DET
ftr-476	168	31	rule	rule	NOUN
ftr-476	168	32	that	that	SCONJ
ftr-476	168	33	the	the	DET
ftr-476	168	34	proceeds	proceed	NOUN
ftr-476	168	35	of	of	ADP
ftr-476	168	36	borrowing	borrowing	NOUN
ftr-476	168	37	are	be	AUX
ftr-476	168	38	not	not	PART
ftr-476	168	39	income.the	income.the	DET
ftr-476	168	40	borrowing	borrowing	NOUN
ftr-476	168	41	was	be	AUX
ftr-476	168	42	either	either	CCONJ
ftr-476	168	43	sol	sol	NOUN
ftr-476	168	44	's	's	PART
ftr-476	168	45	original	original	ADJ
ftr-476	168	46	borrowing	borrowing	NOUN
ftr-476	168	47	of	of	ADP
ftr-476	168	48	cash	cash	NOUN
ftr-476	168	49	or	or	CCONJ
ftr-476	168	50	his	his	PRON
ftr-476	168	51	original	original	ADJ
ftr-476	168	52	purchase	purchase	NOUN
ftr-476	168	53	money	money	NOUN
ftr-476	168	54	forbearance	forbearance	NOUN
ftr-476	168	55	.	.	PUNCT
ftr-476	169	1	that	that	SCONJ
ftr-476	169	2	the	the	DET
ftr-476	169	3	creditor	creditor	NOUN
ftr-476	169	4	changed	change	VERB
ftr-476	169	5	(	(	PUNCT
ftr-476	169	6	or	or	CCONJ
ftr-476	169	7	sol	sol	NOUN
ftr-476	169	8	became	become	VERB
ftr-476	169	9	also	also	ADV
ftr-476	169	10	liable	liable	ADJ
ftr-476	169	11	to	to	ADP
ftr-476	169	12	his	his	PRON
ftr-476	169	13	corporation	corporation	NOUN
ftr-476	169	14	)	)	PUNCT
ftr-476	169	15	should	should	AUX
ftr-476	169	16	not	not	PART
ftr-476	169	17	change	change	VERB
ftr-476	169	18	the	the	DET
ftr-476	169	19	substance	substance	NOUN
ftr-476	169	20	of	of	ADP
ftr-476	169	21	his	his	PRON
ftr-476	169	22	borrowing	borrowing	NOUN
ftr-476	169	23	.	.	PUNCT
ftr-476	170	1	some	some	DET
ftr-476	170	2	commentators	commentator	NOUN
ftr-476	170	3	have	have	AUX
ftr-476	170	4	defended	defend	VERB
ftr-476	170	5	the	the	DET
ftr-476	170	6	government	government	NOUN
ftr-476	170	7	's	's	PART
ftr-476	170	8	contrary	contrary	ADJ
ftr-476	170	9	view	view	NOUN
ftr-476	170	10	as	as	ADP
ftr-476	170	11	based	base	VERB
ftr-476	170	12	on	on	ADP
ftr-476	170	13	a	a	DET
ftr-476	170	14	reasonable	reasonable	ADJ
ftr-476	170	15	concern	concern	NOUN
ftr-476	170	16	about	about	ADP
ftr-476	170	17	the	the	DET
ftr-476	170	18	bona	bona	ADJ
ftr-476	170	19	fides	fide	NOUN
ftr-476	170	20	of	of	ADP
ftr-476	170	21	obligations	obligation	NOUN
ftr-476	170	22	such	such	ADJ
ftr-476	170	23	as	as	ADP
ftr-476	170	24	sol's.2	sol's.2	NOUN
ftr-476	170	25	however	however	ADV
ftr-476	170	26	,	,	PUNCT
ftr-476	170	27	the	the	DET
ftr-476	170	28	concern	concern	NOUN
ftr-476	170	29	seems	seem	VERB
ftr-476	170	30	inapt	inapt	ADJ
ftr-476	170	31	because	because	SCONJ
ftr-476	170	32	these	these	DET
ftr-476	170	33	obligations	obligation	NOUN
ftr-476	170	34	are	be	AUX
ftr-476	170	35	simply	simply	ADV
ftr-476	170	36	a	a	DET
ftr-476	170	37	subset	subset	NOUN
ftr-476	170	38	of	of	ADP
ftr-476	170	39	shareholder	shareholder	NOUN
ftr-476	170	40	-	-	PUNCT
ftr-476	170	41	to	to	ADP
ftr-476	170	42	-	-	PUNCT
ftr-476	170	43	corporation	corporation	NOUN
ftr-476	170	44	liabilities	liability	NOUN
ftr-476	170	45	generally	generally	ADV
ftr-476	170	46	.	.	PUNCT
ftr-476	171	1	every	every	DET
ftr-476	171	2	controlling	control	VERB
ftr-476	171	3	shareholder	shareholder	NOUN
ftr-476	171	4	of	of	ADP
ftr-476	171	5	every	every	DET
ftr-476	171	6	corporation	corporation	NOUN
ftr-476	171	7	in	in	ADP
ftr-476	171	8	america	america	PROPN
ftr-476	171	9	can	can	AUX
ftr-476	171	10	borrow	borrow	VERB
ftr-476	171	11	most	most	ADJ
ftr-476	171	12	of	of	ADP
ftr-476	171	13	the	the	DET
ftr-476	171	14	corporate	corporate	ADJ
ftr-476	171	15	cash	cash	NOUN
ftr-476	171	16	on	on	ADP
ftr-476	171	17	any	any	DET
ftr-476	171	18	day	day	NOUN
ftr-476	171	19	of	of	ADP
ftr-476	171	20	the	the	DET
ftr-476	171	21	year	year	NOUN
ftr-476	171	22	by	by	ADP
ftr-476	171	23	the	the	DET
ftr-476	171	24	simple	simple	ADJ
ftr-476	171	25	expedient	expedient	NOUN
ftr-476	171	26	of	of	ADP
ftr-476	171	27	giving	give	VERB
ftr-476	171	28	a	a	DET
ftr-476	171	29	note	note	NOUN
ftr-476	171	30	(	(	PUNCT
ftr-476	171	31	and	and	CCONJ
ftr-476	171	32	usually	usually	ADV
ftr-476	171	33	by	by	ADP
ftr-476	171	34	just	just	ADV
ftr-476	171	35	creating	create	VERB
ftr-476	171	36	a	a	DET
ftr-476	171	37	book	book	NOUN
ftr-476	171	38	receivable	receivable	NOUN
ftr-476	171	39	,	,	PUNCT
ftr-476	171	40	as	as	SCONJ
ftr-476	171	41	sol	sol	PROPN
ftr-476	171	42	did	do	VERB
ftr-476	171	43	)	)	PUNCT
ftr-476	171	44	.	.	PUNCT
ftr-476	172	1	such	such	ADJ
ftr-476	172	2	loans	loan	NOUN
ftr-476	172	3	are	be	AUX
ftr-476	172	4	occasionally	occasionally	ADV
ftr-476	172	5	reclassified	reclassify	VERB
ftr-476	172	6	as	as	ADP
ftr-476	172	7	distributions	distribution	NOUN
ftr-476	172	8	,	,	PUNCT
ftr-476	172	9	but	but	CCONJ
ftr-476	172	10	the	the	DET
ftr-476	172	11	government	government	NOUN
ftr-476	172	12	audits	audits	NOUN
ftr-476	172	13	for	for	ADP
ftr-476	172	14	them	they	PRON
ftr-476	172	15	,	,	PUNCT
ftr-476	172	16	and	and	CCONJ
ftr-476	172	17	the	the	DET
ftr-476	172	18	cases	case	NOUN
ftr-476	172	19	are	be	AUX
ftr-476	172	20	replete	replete	ADJ
ftr-476	172	21	with	with	ADP
ftr-476	172	22	both	both	DET
ftr-476	172	23	government	government	NOUN
ftr-476	172	24	and	and	CCONJ
ftr-476	172	25	taxpayer	taxpayer	NOUN
ftr-476	172	26	victories	victory	NOUN
ftr-476	172	27	.	.	PUNCT
ftr-476	173	1	2	2	NUM
ftr-476	173	2	the	the	DET
ftr-476	173	3	government	government	NOUN
ftr-476	173	4	has	have	AUX
ftr-476	173	5	not	not	PART
ftr-476	173	6	attacked	attack	VERB
ftr-476	173	7	the	the	DET
ftr-476	173	8	abuses	abuse	NOUN
ftr-476	173	9	by	by	ADP
ftr-476	173	10	taxing	tax	VERB
ftr-476	173	11	all	all	DET
ftr-476	173	12	shareholder	shareholder	NOUN
ftr-476	173	13	loans	loan	NOUN
ftr-476	173	14	as	as	ADP
ftr-476	173	15	distributions	distribution	NOUN
ftr-476	173	16	.	.	PUNCT
ftr-476	174	1	-3	-3	PUNCT
ftr-476	174	2	there	there	PRON
ftr-476	174	3	is	be	VERB
ftr-476	174	4	a	a	DET
ftr-476	174	5	troubling	troubling	ADJ
ftr-476	174	6	difference	difference	NOUN
ftr-476	174	7	between	between	ADP
ftr-476	174	8	a	a	DET
ftr-476	174	9	loan	loan	NOUN
ftr-476	174	10	to	to	ADP
ftr-476	174	11	a	a	DET
ftr-476	174	12	shareholder	shareholder	NOUN
ftr-476	174	13	and	and	CCONJ
ftr-476	174	14	a	a	DET
ftr-476	174	15	substitution	substitution	NOUN
ftr-476	174	16	of	of	ADP
ftr-476	174	17	the	the	DET
ftr-476	174	18	controlled	control	VERB
ftr-476	174	19	corporation	corporation	NOUN
ftr-476	174	20	for	for	ADP
ftr-476	174	21	an	an	DET
ftr-476	174	22	outside	outside	ADJ
ftr-476	174	23	creditor	creditor	NOUN
ftr-476	174	24	.	.	PUNCT
ftr-476	175	1	in	in	ADP
ftr-476	175	2	the	the	DET
ftr-476	175	3	reported	report	VERB
ftr-476	175	4	cases	case	NOUN
ftr-476	175	5	under	under	ADP
ftr-476	175	6	section	section	NOUN
ftr-476	175	7	357(c	357(c	PROPN
ftr-476	175	8	)	)	PUNCT
ftr-476	175	9	,	,	PUNCT
ftr-476	175	10	it	it	PRON
ftr-476	175	11	does	do	AUX
ftr-476	175	12	not	not	PART
ftr-476	175	13	appear	appear	VERB
ftr-476	175	14	that	that	SCONJ
ftr-476	175	15	the	the	DET
ftr-476	175	16	obligation	obligation	NOUN
ftr-476	175	17	given	give	VERB
ftr-476	175	18	by	by	ADP
ftr-476	175	19	the	the	DET
ftr-476	175	20	transferor	transferor	NOUN
ftr-476	175	21	had	have	VERB
ftr-476	175	22	any	any	DET
ftr-476	175	23	business	business	NOUN
ftr-476	175	24	purpose,-	purpose,-	NOUN
ftr-476	175	25	'	'	PUNCT
ftr-476	175	26	aside	aside	ADV
ftr-476	175	27	from	from	ADP
ftr-476	175	28	a	a	DET
ftr-476	175	29	desire	desire	NOUN
ftr-476	175	30	to	to	PART
ftr-476	175	31	tidy	tidy	VERB
ftr-476	175	32	up	up	ADP
ftr-476	175	33	the	the	DET
ftr-476	175	34	corporate	corporate	ADJ
ftr-476	175	35	balance	balance	NOUN
ftr-476	175	36	sheet	sheet	NOUN
ftr-476	175	37	.	.	PUNCT
ftr-476	176	1	the	the	DET
ftr-476	176	2	normal	normal	ADJ
ftr-476	176	3	shareholder	shareholder	NOUN
ftr-476	176	4	loan	loan	NOUN
ftr-476	176	5	is	be	AUX
ftr-476	176	6	at	at	ADP
ftr-476	176	7	least	least	ADJ
ftr-476	176	8	designed	design	VERB
ftr-476	176	9	to	to	PART
ftr-476	176	10	get	get	VERB
ftr-476	176	11	the	the	DET
ftr-476	176	12	cash	cash	NOUN
ftr-476	176	13	.	.	PUNCT
ftr-476	177	1	compounding	compound	VERB
ftr-476	177	2	this	this	DET
ftr-476	177	3	aura	aura	NOUN
ftr-476	177	4	of	of	ADP
ftr-476	177	5	tax	tax	NOUN
ftr-476	177	6	avoidance	avoidance	NOUN
ftr-476	177	7	(	(	PUNCT
ftr-476	177	8	by	by	ADP
ftr-476	177	9	deferral	deferral	ADJ
ftr-476	177	10	)	)	PUNCT
ftr-476	177	11	is	be	AUX
ftr-476	177	12	the	the	DET
ftr-476	177	13	fact	fact	NOUN
ftr-476	177	14	that	that	SCONJ
ftr-476	177	15	the	the	DET
ftr-476	177	16	issuance	issuance	NOUN
ftr-476	177	17	of	of	ADP
ftr-476	177	18	the	the	DET
ftr-476	177	19	transferor	transferor	NOUN
ftr-476	177	20	's	's	PART
ftr-476	177	21	obligation	obligation	NOUN
ftr-476	177	22	seems	seem	VERB
ftr-476	177	23	suspiciously	suspiciously	ADV
ftr-476	177	24	inconsistent	inconsistent	ADJ
ftr-476	177	25	with	with	ADP
ftr-476	177	26	other	other	ADJ
ftr-476	177	27	parts	part	NOUN
ftr-476	177	28	of	of	ADP
ftr-476	177	29	the	the	DET
ftr-476	177	30	transaction	transaction	NOUN
ftr-476	177	31	,	,	PUNCT
ftr-476	177	32	thus	thus	ADV
ftr-476	177	33	possibly	possibly	ADV
ftr-476	177	34	supporting	support	VERB
ftr-476	177	35	a	a	DET
ftr-476	177	36	particular	particular	ADJ
ftr-476	177	37	20	20	NUM
ftr-476	177	38	.	.	PUNCT
ftr-476	178	1	see	see	AUX
ftr-476	178	2	rev	rev	PROPN
ftr-476	178	3	.	.	PROPN
ftr-476	179	1	rul	rul	PROPN
ftr-476	179	2	.	.	PUNCT
ftr-476	180	1	72	72	NUM
ftr-476	180	2	-	-	SYM
ftr-476	180	3	2	2	NUM
ftr-476	180	4	,	,	PUNCT
ftr-476	180	5	1972	1972	NUM
ftr-476	180	6	-	-	SYM
ftr-476	180	7	1	1	NUM
ftr-476	180	8	c.b	c.b	PROPN
ftr-476	180	9	.	.	PROPN
ftr-476	180	10	19	19	NUM
ftr-476	180	11	.	.	NOUN
ftr-476	180	12	20	20	NUM
ftr-476	180	13	.	.	PUNCT
ftr-476	181	1	see	see	VERB
ftr-476	181	2	generally	generally	ADV
ftr-476	181	3	commissioner	commissioner	NOUN
ftr-476	181	4	v.	v.	PROPN
ftr-476	181	5	glenshaw	glenshaw	PROPN
ftr-476	181	6	glass	glass	PROPN
ftr-476	181	7	co.	co.	PROPN
ftr-476	181	8	,	,	PUNCT
ftr-476	181	9	348	348	NUM
ftr-476	181	10	u.s	u.s	PROPN
ftr-476	181	11	.	.	PROPN
ftr-476	181	12	426	426	NUM
ftr-476	181	13	,	,	PUNCT
ftr-476	181	14	431	431	NUM
ftr-476	181	15	(	(	PUNCT
ftr-476	181	16	1955	1955	NUM
ftr-476	181	17	)	)	PUNCT
ftr-476	181	18	(	(	PUNCT
ftr-476	181	19	defining	define	VERB
ftr-476	181	20	income	income	NOUN
ftr-476	181	21	as	as	ADP
ftr-476	181	22	an	an	DET
ftr-476	181	23	accession	accession	NOUN
ftr-476	181	24	to	to	ADP
ftr-476	181	25	wealth	wealth	NOUN
ftr-476	181	26	)	)	PUNCT
ftr-476	181	27	.	.	PUNCT
ftr-476	182	1	see	see	VERB
ftr-476	182	2	also	also	ADV
ftr-476	182	3	commissioner	commissioner	NOUN
ftr-476	182	4	v.	v.	ADP
ftr-476	182	5	tufts	tuft	NOUN
ftr-476	182	6	,	,	PUNCT
ftr-476	182	7	461	461	NUM
ftr-476	182	8	u.s	u.s	PROPN
ftr-476	182	9	.	.	PROPN
ftr-476	182	10	300	300	NUM
ftr-476	182	11	,	,	PUNCT
ftr-476	182	12	307	307	NUM
ftr-476	182	13	(	(	PUNCT
ftr-476	182	14	1983	1983	NUM
ftr-476	182	15	)	)	PUNCT
ftr-476	182	16	(	(	PUNCT
ftr-476	182	17	discussing	discuss	VERB
ftr-476	182	18	whether	whether	SCONJ
ftr-476	182	19	loan	loan	NOUN
ftr-476	182	20	proceeds	proceed	NOUN
ftr-476	182	21	are	be	AUX
ftr-476	182	22	gross	gross	ADJ
ftr-476	182	23	income	income	NOUN
ftr-476	182	24	)	)	PUNCT
ftr-476	182	25	;	;	PUNCT
ftr-476	182	26	brewer	brewer	PROPN
ftr-476	182	27	ii	ii	PROPN
ftr-476	182	28	,	,	PUNCT
ftr-476	182	29	supra	supra	PROPN
ftr-476	182	30	note	note	NOUN
ftr-476	182	31	2	2	NUM
ftr-476	182	32	.	.	PUNCT
ftr-476	183	1	at	at	ADP
ftr-476	183	2	1619	1619	NUM
ftr-476	183	3	(	(	PUNCT
ftr-476	183	4	dismissing	dismiss	VERB
ftr-476	183	5	the	the	DET
ftr-476	183	6	tufts	tufts	NOUN
ftr-476	183	7	discussion	discussion	NOUN
ftr-476	183	8	of	of	ADP
ftr-476	183	9	loan	loan	NOUN
ftr-476	183	10	proceeds	proceed	NOUN
ftr-476	183	11	as	as	ADP
ftr-476	183	12	dictum	dictum	NOUN
ftr-476	183	13	)	)	PUNCT
ftr-476	183	14	;	;	PUNCT
ftr-476	183	15	deborah	deborah	PROPN
ftr-476	183	16	a.	a.	NOUN
ftr-476	183	17	geier	geier	PROPN
ftr-476	183	18	,	,	PUNCT
ftr-476	183	19	tufts	tuft	NOUN
ftr-476	183	20	and	and	CCONJ
ftr-476	183	21	the	the	DET
ftr-476	183	22	evolution	evolution	NOUN
ftr-476	183	23	of	of	ADP
ftr-476	183	24	debt	debt	NOUN
ftr-476	183	25	-	-	PUNCT
ftr-476	183	26	discharge	discharge	NOUN
ftr-476	183	27	theory	theory	NOUN
ftr-476	183	28	,	,	PUNCT
ftr-476	183	29	1	1	NUM
ftr-476	183	30	fla	fla	NOUN
ftr-476	183	31	.	.	PUNCT
ftr-476	184	1	tax	tax	PROPN
ftr-476	184	2	rev	rev	PROPN
ftr-476	184	3	.	.	PROPN
ftr-476	184	4	115	115	NUM
ftr-476	184	5	,	,	PUNCT
ftr-476	184	6	124	124	NUM
ftr-476	184	7	-	-	SYM
ftr-476	184	8	25	25	NUM
ftr-476	184	9	(	(	PUNCT
ftr-476	184	10	1992	1992	NUM
ftr-476	184	11	)	)	PUNCT
ftr-476	184	12	(	(	PUNCT
ftr-476	184	13	noting	note	VERB
ftr-476	184	14	that	that	SCONJ
ftr-476	184	15	the	the	DET
ftr-476	184	16	treatment	treatment	NOUN
ftr-476	184	17	of	of	ADP
ftr-476	184	18	the	the	DET
ftr-476	184	19	nonrecourse	nonrecourse	NOUN
ftr-476	184	20	loan	loan	NOUN
ftr-476	184	21	as	as	ADP
ftr-476	184	22	a	a	DET
ftr-476	184	23	"	"	PUNCT
ftr-476	184	24	true	true	ADJ
ftr-476	184	25	loan	loan	NOUN
ftr-476	184	26	"	"	PUNCT
ftr-476	184	27	that	that	PRON
ftr-476	184	28	was	be	AUX
ftr-476	184	29	not	not	PART
ftr-476	184	30	recognized	recognize	VERB
ftr-476	184	31	as	as	ADP
ftr-476	184	32	income	income	NOUN
ftr-476	184	33	upon	upon	SCONJ
ftr-476	184	34	receipt	receipt	NOUN
ftr-476	184	35	is	be	AUX
ftr-476	184	36	the	the	DET
ftr-476	184	37	foundation	foundation	NOUN
ftr-476	184	38	of	of	ADP
ftr-476	184	39	the	the	DET
ftr-476	184	40	tufts	tuft	NOUN
ftr-476	184	41	opinion	opinion	NOUN
ftr-476	184	42	)	)	PUNCT
ftr-476	184	43	.	.	PUNCT
ftr-476	185	1	21	21	NUM
ftr-476	185	2	.	.	X
ftr-476	186	1	see	see	VERB
ftr-476	186	2	,	,	PUNCT
ftr-476	186	3	e.g.	e.g.	ADV
ftr-476	186	4	,	,	PUNCT
ftr-476	186	5	elliott	elliott	PROPN
ftr-476	186	6	manning	manning	PROPN
ftr-476	186	7	,	,	PUNCT
ftr-476	186	8	the	the	DET
ftr-476	186	9	issuer	issuer	NOUN
ftr-476	186	10	's	's	PART
ftr-476	186	11	paper	paper	NOUN
ftr-476	186	12	property	property	NOUN
ftr-476	186	13	or	or	CCONJ
ftr-476	186	14	what	what	PRON
ftr-476	186	15	?	?	PUNCT
ftr-476	187	1	zero	zero	NUM
ftr-476	187	2	basis	basis	NOUN
ftr-476	187	3	and	and	CCONJ
ftr-476	187	4	other	other	ADJ
ftr-476	187	5	income	income	NOUN
ftr-476	187	6	tax	tax	NOUN
ftr-476	187	7	mysteries	mystery	NOUN
ftr-476	187	8	,	,	PUNCT
ftr-476	187	9	39	39	NUM
ftr-476	187	10	tax	tax	NOUN
ftr-476	187	11	l.	l.	PROPN
ftr-476	187	12	rev	rev	PROPN
ftr-476	187	13	.	.	PROPN
ftr-476	187	14	159	159	NUM
ftr-476	187	15	,	,	PUNCT
ftr-476	187	16	193	193	NUM
ftr-476	187	17	-	-	SYM
ftr-476	187	18	97	97	NUM
ftr-476	187	19	(	(	PUNCT
ftr-476	187	20	1984	1984	NUM
ftr-476	187	21	)	)	PUNCT
ftr-476	187	22	.	.	PUNCT
ftr-476	188	1	22	22	NUM
ftr-476	188	2	.	.	PUNCT
ftr-476	189	1	see	see	VERB
ftr-476	189	2	bittker	bittker	NOUN
ftr-476	189	3	&	&	CCONJ
ftr-476	189	4	eustice	eustice	PROPN
ftr-476	189	5	,	,	PUNCT
ftr-476	189	6	supra	supra	PROPN
ftr-476	189	7	note	note	NOUN
ftr-476	189	8	16	16	NUM
ftr-476	189	9	.	.	PUNCT
ftr-476	190	1	at	at	ADP
ftr-476	190	2	1	1	NUM
ftr-476	190	3	8.05161	8.05161	NUM
ftr-476	190	4	.	.	PUNCT
ftr-476	191	1	23	23	NUM
ftr-476	191	2	.	.	PUNCT
ftr-476	192	1	see	see	VERB
ftr-476	192	2	babette	babette	PROPN
ftr-476	192	3	b.	b.	PROPN
ftr-476	192	4	barton	barton	PROPN
ftr-476	192	5	,	,	PUNCT
ftr-476	192	6	economic	economic	ADJ
ftr-476	192	7	fables	fable	NOUN
ftr-476	192	8	/	/	SYM
ftr-476	192	9	tax	tax	NOUN
ftr-476	192	10	-	-	PUNCT
ftr-476	192	11	related	relate	VERB
ftr-476	192	12	foibles	foible	NOUN
ftr-476	192	13	:	:	PUNCT
ftr-476	192	14	on	on	ADP
ftr-476	192	15	the	the	DET
ftr-476	192	16	"	"	PUNCT
ftr-476	192	17	'	'	PUNCT
ftr-476	192	18	cost	cost	NOUN
ftr-476	192	19	"	"	PUNCT
ftr-476	192	20	of	of	ADP
ftr-476	192	21	promissory	promissory	ADJ
ftr-476	192	22	notes	note	NOUN
ftr-476	192	23	,	,	PUNCT
ftr-476	192	24	guarantees	guarantee	NOUN
ftr-476	192	25	,	,	PUNCT
ftr-476	192	26	contingent	contingent	ADJ
ftr-476	192	27	liabilities	liability	NOUN
ftr-476	192	28	and	and	CCONJ
ftr-476	192	29	nonrecourse	nonrecourse	NOUN
ftr-476	192	30	loans	loan	NOUN
ftr-476	192	31	.	.	PUNCT
ftr-476	193	1	45	45	NUM
ftr-476	193	2	tax	tax	NOUN
ftr-476	193	3	.	.	PUNCT
ftr-476	194	1	l.	l.	PROPN
ftr-476	194	2	rev	rev	PROPN
ftr-476	194	3	.	.	PROPN
ftr-476	194	4	471	471	NUM
ftr-476	194	5	,	,	PUNCT
ftr-476	194	6	481	481	NUM
ftr-476	194	7	(	(	PUNCT
ftr-476	194	8	1990	1990	NUM
ftr-476	194	9	)	)	PUNCT
ftr-476	194	10	.	.	PUNCT
ftr-476	195	1	24	24	NUM
ftr-476	195	2	.	.	PUNCT
ftr-476	195	3	cf	cf	X
ftr-476	195	4	.	.	PUNCT
ftr-476	196	1	rev	rev	PROPN
ftr-476	196	2	.	.	PUNCT
ftr-476	196	3	rul	rul	NOUN
ftr-476	196	4	.	.	PUNCT
ftr-476	197	1	55	55	NUM
ftr-476	197	2	-	-	SYM
ftr-476	197	3	36	36	NUM
ftr-476	197	4	,	,	PUNCT
ftr-476	197	5	1955	1955	NUM
ftr-476	197	6	-	-	SYM
ftr-476	197	7	1	1	NUM
ftr-476	197	8	c.b	c.b	PROPN
ftr-476	197	9	.	.	PROPN
ftr-476	197	10	340	340	NUM
ftr-476	197	11	(	(	PUNCT
ftr-476	197	12	imposing	impose	VERB
ftr-476	197	13	a	a	DET
ftr-476	197	14	business	business	NOUN
ftr-476	197	15	purpose	purpose	NOUN
ftr-476	197	16	requirement	requirement	NOUN
ftr-476	197	17	on	on	ADP
ftr-476	197	18	§	§	PROPN
ftr-476	197	19	351	351	NUM
ftr-476	197	20	exchanges	exchange	NOUN
ftr-476	197	21	)	)	PUNCT
ftr-476	197	22	.	.	PUNCT
ftr-476	198	1	however	however	ADV
ftr-476	198	2	,	,	PUNCT
ftr-476	198	3	possible	possible	ADJ
ftr-476	198	4	business	business	NOUN
ftr-476	198	5	purposes	purpose	NOUN
ftr-476	198	6	might	might	AUX
ftr-476	198	7	include	include	VERB
ftr-476	198	8	avoiding	avoid	VERB
ftr-476	198	9	bifurcating	bifurcate	VERB
ftr-476	198	10	liability	liability	NOUN
ftr-476	198	11	for	for	ADP
ftr-476	198	12	debts	debt	NOUN
ftr-476	198	13	that	that	PRON
ftr-476	198	14	should	should	AUX
ftr-476	198	15	be	be	AUX
ftr-476	198	16	assumed	assume	VERB
ftr-476	198	17	by	by	ADP
ftr-476	198	18	the	the	DET
ftr-476	198	19	corporation	corporation	NOUN
ftr-476	198	20	upon	upon	SCONJ
ftr-476	198	21	incorporation	incorporation	NOUN
ftr-476	198	22	of	of	ADP
ftr-476	198	23	a	a	DET
ftr-476	198	24	going	go	VERB
ftr-476	198	25	business	business	NOUN
ftr-476	198	26	.	.	PUNCT
ftr-476	199	1	see	see	VERB
ftr-476	199	2	part	part	NOUN
ftr-476	199	3	iv.c.5	iv.c.5	ADV
ftr-476	199	4	below	below	ADV
ftr-476	199	5	.	.	PUNCT
ftr-476	200	1	1994	1994	NUM
ftr-476	200	2	]	]	PUNCT
ftr-476	200	3	florida	florida	PROPN
ftr-476	200	4	tax	tax	PROPN
ftr-476	200	5	review	review	NOUN
ftr-476	200	6	concern	concern	NOUN
ftr-476	200	7	about	about	ADP
ftr-476	200	8	whether	whether	SCONJ
ftr-476	200	9	the	the	DET
ftr-476	200	10	obligation	obligation	NOUN
ftr-476	200	11	will	will	AUX
ftr-476	200	12	be	be	AUX
ftr-476	200	13	paid	pay	VERB
ftr-476	200	14	.	.	PUNCT
ftr-476	201	1	for	for	ADP
ftr-476	201	2	example	example	NOUN
ftr-476	201	3	,	,	PUNCT
ftr-476	201	4	sol	sol	PROPN
ftr-476	201	5	caused	cause	VERB
ftr-476	201	6	his	his	PRON
ftr-476	201	7	corporation	corporation	NOUN
ftr-476	201	8	to	to	PART
ftr-476	201	9	affirmatively	affirmatively	ADV
ftr-476	201	10	assume	assume	VERB
ftr-476	201	11	his	his	PRON
ftr-476	201	12	debts	debt	NOUN
ftr-476	201	13	.	.	PUNCT
ftr-476	202	1	why	why	SCONJ
ftr-476	202	2	would	would	AUX
ftr-476	202	3	he	he	PRON
ftr-476	202	4	have	have	AUX
ftr-476	202	5	done	do	VERB
ftr-476	202	6	that	that	SCONJ
ftr-476	202	7	if	if	SCONJ
ftr-476	202	8	the	the	DET
ftr-476	202	9	parties	party	NOUN
ftr-476	202	10	intended	intend	VERB
ftr-476	202	11	that	that	SCONJ
ftr-476	202	12	he	he	PRON
ftr-476	202	13	retain	retain	VERB
ftr-476	202	14	the	the	DET
ftr-476	202	15	liability	liability	NOUN
ftr-476	202	16	?	?	PUNCT
ftr-476	203	1	why	why	SCONJ
ftr-476	203	2	shift	shift	VERB
ftr-476	203	3	sol	sol	NOUN
ftr-476	203	4	's	's	PART
ftr-476	203	5	liability	liability	NOUN
ftr-476	203	6	to	to	ADP
ftr-476	203	7	the	the	DET
ftr-476	203	8	corporation	corporation	NOUN
ftr-476	203	9	,	,	PUNCT
ftr-476	203	10	refocusing	refocus	VERB
ftr-476	203	11	the	the	DET
ftr-476	203	12	outside	outside	ADJ
ftr-476	203	13	creditor	creditor	NOUN
ftr-476	203	14	on	on	ADP
ftr-476	203	15	the	the	DET
ftr-476	203	16	corporation	corporation	NOUN
ftr-476	203	17	?	?	PUNCT
ftr-476	204	1	an	an	DET
ftr-476	204	2	obvious	obvious	ADJ
ftr-476	204	3	answer	answer	NOUN
ftr-476	204	4	is	be	AUX
ftr-476	204	5	that	that	SCONJ
ftr-476	204	6	sol	sol	PROPN
ftr-476	204	7	wanted	want	VERB
ftr-476	204	8	the	the	DET
ftr-476	204	9	corporation	corporation	NOUN
ftr-476	204	10	to	to	PART
ftr-476	204	11	pay	pay	VERB
ftr-476	204	12	the	the	DET
ftr-476	204	13	debts	debt	NOUN
ftr-476	204	14	in	in	ADP
ftr-476	204	15	the	the	DET
ftr-476	204	16	future	future	NOUN
ftr-476	204	17	without	without	ADP
ftr-476	204	18	causing	cause	VERB
ftr-476	204	19	a	a	DET
ftr-476	204	20	constructive	constructive	ADJ
ftr-476	204	21	distribution	distribution	NOUN
ftr-476	204	22	to	to	PART
ftr-476	204	23	sol.25	sol.25	VERB
ftr-476	204	24	if	if	SCONJ
ftr-476	204	25	the	the	DET
ftr-476	204	26	transferor	transferor	NOUN
ftr-476	204	27	is	be	AUX
ftr-476	204	28	obligated	obligate	VERB
ftr-476	204	29	to	to	PART
ftr-476	204	30	and	and	CCONJ
ftr-476	204	31	does	do	AUX
ftr-476	204	32	reimburse	reimburse	VERB
ftr-476	204	33	the	the	DET
ftr-476	204	34	corporation	corporation	NOUN
ftr-476	204	35	not	not	PART
ftr-476	204	36	later	later	ADV
ftr-476	204	37	than	than	SCONJ
ftr-476	204	38	when	when	SCONJ
ftr-476	204	39	the	the	DET
ftr-476	204	40	corporation	corporation	NOUN
ftr-476	204	41	pays	pay	VERB
ftr-476	204	42	the	the	DET
ftr-476	204	43	creditor	creditor	NOUN
ftr-476	204	44	,	,	PUNCT
ftr-476	204	45	perhaps	perhaps	ADV
ftr-476	204	46	there	there	PRON
ftr-476	204	47	is	be	VERB
ftr-476	204	48	no	no	DET
ftr-476	204	49	economic	economic	ADJ
ftr-476	204	50	benefit	benefit	NOUN
ftr-476	204	51	to	to	ADP
ftr-476	204	52	the	the	DET
ftr-476	204	53	transferor	transferor	NOUN
ftr-476	204	54	,	,	PUNCT
ftr-476	204	55	but	but	CCONJ
ftr-476	204	56	the	the	DET
ftr-476	204	57	terms	term	NOUN
ftr-476	204	58	of	of	ADP
ftr-476	204	59	the	the	DET
ftr-476	204	60	transferors	transferor	NOUN
ftr-476	204	61	'	'	PART
ftr-476	204	62	obligations	obligation	NOUN
ftr-476	204	63	in	in	ADP
ftr-476	204	64	the	the	DET
ftr-476	204	65	reported	report	VERB
ftr-476	204	66	cases	case	NOUN
ftr-476	204	67	have	have	AUX
ftr-476	204	68	not	not	PART
ftr-476	204	69	closely	closely	ADV
ftr-476	204	70	mirrored	mirror	VERB
ftr-476	204	71	the	the	DET
ftr-476	204	72	outside	outside	ADJ
ftr-476	204	73	debt	debt	NOUN
ftr-476	204	74	.	.	PUNCT
ftr-476	205	1	for	for	ADP
ftr-476	205	2	example	example	NOUN
ftr-476	205	3	,	,	PUNCT
ftr-476	205	4	the	the	DET
ftr-476	205	5	book	book	NOUN
ftr-476	205	6	entry	entry	NOUN
ftr-476	205	7	in	in	ADP
ftr-476	205	8	lessinger	lessinger	NOUN
ftr-476	205	9	did	do	AUX
ftr-476	205	10	not	not	PART
ftr-476	205	11	specify	specify	VERB
ftr-476	205	12	a	a	DET
ftr-476	205	13	time	time	NOUN
ftr-476	205	14	at	at	ADP
ftr-476	205	15	which	which	PRON
ftr-476	205	16	sol	sol	NOUN
ftr-476	205	17	was	be	AUX
ftr-476	205	18	required	require	VERB
ftr-476	205	19	to	to	PART
ftr-476	205	20	pay	pay	VERB
ftr-476	205	21	the	the	DET
ftr-476	205	22	corporation	corporation	NOUN
ftr-476	205	23	.	.	PUNCT
ftr-476	206	1	the	the	DET
ftr-476	206	2	suspicion	suspicion	NOUN
ftr-476	206	3	is	be	AUX
ftr-476	206	4	that	that	SCONJ
ftr-476	206	5	an	an	DET
ftr-476	206	6	uncircumscribed	uncircumscribed	ADJ
ftr-476	206	7	extension	extension	NOUN
ftr-476	206	8	of	of	ADP
ftr-476	206	9	liability	liability	NOUN
ftr-476	206	10	for	for	ADP
ftr-476	206	11	sol	sol	NOUN
ftr-476	206	12	has	have	AUX
ftr-476	206	13	been	be	AUX
ftr-476	206	14	arranged	arrange	VERB
ftr-476	206	15	.	.	PUNCT
ftr-476	207	1	for	for	ADP
ftr-476	207	2	another	another	DET
ftr-476	207	3	suspicious	suspicious	ADJ
ftr-476	207	4	example	example	NOUN
ftr-476	207	5	,	,	PUNCT
ftr-476	207	6	the	the	DET
ftr-476	207	7	transferor	transferor	NOUN
ftr-476	207	8	might	might	AUX
ftr-476	207	9	not	not	PART
ftr-476	207	10	cause	cause	VERB
ftr-476	207	11	the	the	DET
ftr-476	207	12	corporation	corporation	NOUN
ftr-476	207	13	to	to	PART
ftr-476	207	14	assume	assume	VERB
ftr-476	207	15	debt	debt	NOUN
ftr-476	207	16	,	,	PUNCT
ftr-476	207	17	but	but	CCONJ
ftr-476	207	18	the	the	DET
ftr-476	207	19	corporation	corporation	NOUN
ftr-476	207	20	might	might	AUX
ftr-476	207	21	take	take	VERB
ftr-476	207	22	the	the	DET
ftr-476	207	23	transferred	transfer	VERB
ftr-476	207	24	property	property	NOUN
ftr-476	207	25	subject	subject	NOUN
ftr-476	207	26	to	to	ADP
ftr-476	207	27	debt	debt	NOUN
ftr-476	207	28	,	,	PUNCT
ftr-476	207	29	which	which	PRON
ftr-476	207	30	the	the	DET
ftr-476	207	31	transferor	transferor	NOUN
ftr-476	207	32	attempts	attempt	VERB
ftr-476	207	33	to	to	PART
ftr-476	207	34	offset	offset	VERB
ftr-476	207	35	by	by	ADP
ftr-476	207	36	issuing	issue	VERB
ftr-476	207	37	a	a	DET
ftr-476	207	38	note	note	NOUN
ftr-476	207	39	.	.	PUNCT
ftr-476	208	1	as	as	SCONJ
ftr-476	208	2	discussed	discuss	VERB
ftr-476	208	3	in	in	ADP
ftr-476	208	4	part	part	NOUN
ftr-476	208	5	iv.c	iv.c	VERB
ftr-476	208	6	below	below	ADV
ftr-476	208	7	,	,	PUNCT
ftr-476	208	8	even	even	ADV
ftr-476	208	9	the	the	DET
ftr-476	208	10	tax	tax	NOUN
ftr-476	208	11	court	court	NOUN
ftr-476	208	12	should	should	AUX
ftr-476	208	13	rule	rule	VERB
ftr-476	208	14	for	for	ADP
ftr-476	208	15	the	the	DET
ftr-476	208	16	transferor	transferor	NOUN
ftr-476	208	17	if	if	SCONJ
ftr-476	208	18	the	the	DET
ftr-476	208	19	transaction	transaction	NOUN
ftr-476	208	20	is	be	AUX
ftr-476	208	21	structured	structure	VERB
ftr-476	208	22	as	as	ADP
ftr-476	208	23	a	a	DET
ftr-476	208	24	wrapped	wrap	VERB
ftr-476	208	25	mortgage	mortgage	NOUN
ftr-476	208	26	,	,	PUNCT
ftr-476	208	27	wherein	wherein	SCONJ
ftr-476	208	28	the	the	DET
ftr-476	208	29	transferor	transferor	NOUN
ftr-476	208	30	remains	remain	VERB
ftr-476	208	31	contractually	contractually	ADV
ftr-476	208	32	obligated	obligate	VERB
ftr-476	208	33	to	to	PART
ftr-476	208	34	pay	pay	VERB
ftr-476	208	35	the	the	DET
ftr-476	208	36	outside	outside	ADJ
ftr-476	208	37	lender	lender	NOUN
ftr-476	208	38	and	and	CCONJ
ftr-476	208	39	does	do	VERB
ftr-476	208	40	so	so	ADV
ftr-476	208	41	.	.	PUNCT
ftr-476	209	1	aside	aside	ADV
ftr-476	209	2	from	from	ADP
ftr-476	209	3	the	the	DET
ftr-476	209	4	paperwork	paperwork	NOUN
ftr-476	209	5	,	,	PUNCT
ftr-476	209	6	why	why	SCONJ
ftr-476	209	7	would	would	AUX
ftr-476	209	8	the	the	DET
ftr-476	209	9	transferor	transferor	NOUN
ftr-476	209	10	not	not	PART
ftr-476	209	11	use	use	VERB
ftr-476	209	12	the	the	DET
ftr-476	209	13	wraparound	wraparound	NOUN
ftr-476	209	14	debt	debt	NOUN
ftr-476	209	15	format	format	NOUN
ftr-476	209	16	if	if	SCONJ
ftr-476	209	17	his	his	PRON
ftr-476	209	18	intent	intent	NOUN
ftr-476	209	19	is	be	AUX
ftr-476	209	20	to	to	PART
ftr-476	209	21	pay	pay	VERB
ftr-476	209	22	the	the	DET
ftr-476	209	23	debt	debt	NOUN
ftr-476	209	24	?	?	PUNCT
ftr-476	210	1	the	the	DET
ftr-476	210	2	cases	case	NOUN
ftr-476	210	3	have	have	AUX
ftr-476	210	4	not	not	PART
ftr-476	210	5	involved	involve	VERB
ftr-476	210	6	a	a	DET
ftr-476	210	7	transferor	transferor	NOUN
ftr-476	210	8	properly	properly	ADV
ftr-476	210	9	documenting	document	VERB
ftr-476	210	10	and	and	CCONJ
ftr-476	210	11	paying	pay	VERB
ftr-476	210	12	a	a	DET
ftr-476	210	13	wrapped	wrap	VERB
ftr-476	210	14	mortgage	mortgage	NOUN
ftr-476	210	15	;	;	PUNCT
ftr-476	210	16	rather	rather	ADV
ftr-476	210	17	,	,	PUNCT
ftr-476	210	18	transferors	transferor	NOUN
ftr-476	210	19	have	have	AUX
ftr-476	210	20	shifted	shift	VERB
ftr-476	210	21	creditors	creditor	NOUN
ftr-476	210	22	,	,	PUNCT
ftr-476	210	23	exchanging	exchange	VERB
ftr-476	210	24	an	an	DET
ftr-476	210	25	arms	arm	NOUN
ftr-476	210	26	length	length	NOUN
ftr-476	210	27	lender	lender	NOUN
ftr-476	210	28	for	for	ADP
ftr-476	210	29	a	a	DET
ftr-476	210	30	related	related	ADJ
ftr-476	210	31	lender	lender	NOUN
ftr-476	210	32	that	that	PRON
ftr-476	210	33	can	can	AUX
ftr-476	210	34	be	be	AUX
ftr-476	210	35	expected	expect	VERB
ftr-476	210	36	to	to	PART
ftr-476	210	37	be	be	AUX
ftr-476	210	38	kinder	kind	ADJ
ftr-476	210	39	and	and	CCONJ
ftr-476	210	40	gentler	gentle	ADJ
ftr-476	210	41	.	.	PUNCT
ftr-476	211	1	these	these	DET
ftr-476	211	2	concerns	concern	NOUN
ftr-476	211	3	loom	loom	VERB
ftr-476	211	4	larger	large	ADJ
ftr-476	211	5	if	if	SCONJ
ftr-476	211	6	the	the	DET
ftr-476	211	7	lessinger	lessinger	ADJ
ftr-476	211	8	result	result	NOUN
ftr-476	211	9	is	be	AUX
ftr-476	211	10	justified	justify	VERB
ftr-476	211	11	by	by	ADP
ftr-476	211	12	a	a	DET
ftr-476	211	13	theory	theory	NOUN
ftr-476	211	14	that	that	SCONJ
ftr-476	211	15	accords	accord	NOUN
ftr-476	211	16	basis	basis	VERB
ftr-476	211	17	to	to	ADP
ftr-476	211	18	an	an	DET
ftr-476	211	19	obligation	obligation	NOUN
ftr-476	211	20	in	in	ADP
ftr-476	211	21	the	the	DET
ftr-476	211	22	obligor	obligor	NOUN
ftr-476	211	23	's	's	PART
ftr-476	211	24	hands	hand	NOUN
ftr-476	211	25	.	.	PUNCT
ftr-476	212	1	as	as	SCONJ
ftr-476	212	2	illustrated	illustrate	VERB
ftr-476	212	3	in	in	ADP
ftr-476	212	4	part	part	NOUN
ftr-476	212	5	iii	iii	NUM
ftr-476	212	6	below	below	ADV
ftr-476	212	7	,	,	PUNCT
ftr-476	212	8	that	that	DET
ftr-476	212	9	theory	theory	NOUN
ftr-476	212	10	is	be	AUX
ftr-476	212	11	contrary	contrary	ADJ
ftr-476	212	12	to	to	ADP
ftr-476	212	13	normal	normal	ADJ
ftr-476	212	14	tax	tax	NOUN
ftr-476	212	15	logic	logic	NOUN
ftr-476	212	16	.	.	PUNCT
ftr-476	213	1	the	the	DET
ftr-476	213	2	focus	focus	NOUN
ftr-476	213	3	of	of	ADP
ftr-476	213	4	section	section	NOUN
ftr-476	213	5	357(c	357(c	PROPN
ftr-476	213	6	)	)	PUNCT
ftr-476	213	7	is	be	AUX
ftr-476	213	8	to	to	PART
ftr-476	213	9	snare	snare	VERB
ftr-476	213	10	debt	debt	NOUN
ftr-476	213	11	assumed	assume	VERB
ftr-476	213	12	or	or	CCONJ
ftr-476	213	13	taken	take	VERB
ftr-476	213	14	subject	subject	NOUN
ftr-476	213	15	to	to	ADP
ftr-476	213	16	in	in	ADP
ftr-476	213	17	amounts	amount	NOUN
ftr-476	213	18	exceeding	exceed	VERB
ftr-476	213	19	the	the	DET
ftr-476	213	20	basis	basis	NOUN
ftr-476	213	21	of	of	ADP
ftr-476	213	22	the	the	DET
ftr-476	213	23	transferred	transfer	VERB
ftr-476	213	24	property	property	NOUN
ftr-476	213	25	.	.	PUNCT
ftr-476	214	1	the	the	DET
ftr-476	214	2	proper	proper	ADJ
ftr-476	214	3	balancing	balancing	NOUN
ftr-476	214	4	of	of	ADP
ftr-476	214	5	these	these	DET
ftr-476	214	6	concerns	concern	NOUN
ftr-476	214	7	with	with	ADP
ftr-476	214	8	the	the	DET
ftr-476	214	9	true	true	ADJ
ftr-476	214	10	economics	economic	NOUN
ftr-476	214	11	of	of	ADP
ftr-476	214	12	the	the	DET
ftr-476	214	13	cases	case	NOUN
ftr-476	214	14	should	should	AUX
ftr-476	214	15	therefore	therefore	ADV
ftr-476	214	16	cause	cause	VERB
ftr-476	214	17	taxpayers	taxpayer	NOUN
ftr-476	214	18	to	to	PART
ftr-476	214	19	try	try	VERB
ftr-476	214	20	more	more	ADV
ftr-476	214	21	accurately	accurately	ADV
ftr-476	214	22	to	to	PART
ftr-476	214	23	distinguish	distinguish	VERB
ftr-476	214	24	debts	debt	NOUN
ftr-476	214	25	that	that	PRON
ftr-476	214	26	are	be	AUX
ftr-476	214	27	assumed	assume	VERB
ftr-476	214	28	or	or	CCONJ
ftr-476	214	29	taken	take	VERB
ftr-476	214	30	subject	subject	NOUN
ftr-476	214	31	to	to	ADP
ftr-476	214	32	from	from	ADP
ftr-476	214	33	debts	debt	NOUN
ftr-476	214	34	with	with	ADP
ftr-476	214	35	respect	respect	NOUN
ftr-476	214	36	to	to	ADP
ftr-476	214	37	which	which	PRON
ftr-476	214	38	transferor	transferor	NOUN
ftr-476	214	39	retains	retain	VERB
ftr-476	214	40	liability	liability	NOUN
ftr-476	214	41	.	.	PUNCT
ftr-476	215	1	there	there	PRON
ftr-476	215	2	are	be	VERB
ftr-476	215	3	ways	way	NOUN
ftr-476	215	4	,	,	PUNCT
ftr-476	215	5	not	not	PART
ftr-476	215	6	so	so	ADV
ftr-476	215	7	heavily	heavily	ADV
ftr-476	215	8	freighted	freight	VERB
ftr-476	215	9	with	with	ADP
ftr-476	215	10	a	a	DET
ftr-476	215	11	tax	tax	NOUN
ftr-476	215	12	avoidance	avoidance	NOUN
ftr-476	215	13	aura	aura	NOUN
ftr-476	215	14	,	,	PUNCT
ftr-476	215	15	by	by	ADP
ftr-476	215	16	which	which	PRON
ftr-476	215	17	shareholders	shareholder	NOUN
ftr-476	215	18	such	such	ADJ
ftr-476	215	19	as	as	ADP
ftr-476	215	20	sol	sol	NOUN
ftr-476	215	21	can	can	AUX
ftr-476	215	22	avoid	avoid	VERB
ftr-476	215	23	section	section	NOUN
ftr-476	215	24	357(c	357(c	PROPN
ftr-476	215	25	)	)	PUNCT
ftr-476	215	26	recognition	recognition	NOUN
ftr-476	215	27	,	,	PUNCT
ftr-476	215	28	albeit	albeit	SCONJ
ftr-476	215	29	by	by	ADP
ftr-476	215	30	turning	turn	VERB
ftr-476	215	31	square	square	ADJ
ftr-476	215	32	corners	corner	NOUN
ftr-476	215	33	in	in	ADP
ftr-476	215	34	proving	prove	VERB
ftr-476	215	35	that	that	SCONJ
ftr-476	215	36	their	their	PRON
ftr-476	215	37	debts	debt	NOUN
ftr-476	215	38	have	have	AUX
ftr-476	215	39	not	not	PART
ftr-476	215	40	been	be	AUX
ftr-476	215	41	assumed	assume	VERB
ftr-476	215	42	or	or	CCONJ
ftr-476	215	43	taken	take	VERB
ftr-476	215	44	subject	subject	NOUN
ftr-476	215	45	to	to	ADP
ftr-476	215	46	.	.	PUNCT
ftr-476	216	1	thus	thus	ADV
ftr-476	216	2	,	,	PUNCT
ftr-476	216	3	the	the	DET
ftr-476	216	4	result	result	NOUN
ftr-476	216	5	reached	reach	VERB
ftr-476	216	6	by	by	ADP
ftr-476	216	7	the	the	DET
ftr-476	216	8	second	second	ADJ
ftr-476	216	9	circuit	circuit	NOUN
ftr-476	216	10	in	in	ADP
ftr-476	216	11	lessinger	lessinger	ADJ
ftr-476	216	12	accords	accord	NOUN
ftr-476	216	13	with	with	ADP
ftr-476	216	14	good	good	ADJ
ftr-476	216	15	tax	tax	NOUN
ftr-476	216	16	policy	policy	NOUN
ftr-476	216	17	if	if	SCONJ
ftr-476	216	18	one	one	PRON
ftr-476	216	19	believes	believe	VERB
ftr-476	216	20	the	the	DET
ftr-476	216	21	transfer	transfer	NOUN
ftr-476	216	22	of	of	ADP
ftr-476	216	23	sol	sol	NOUN
ftr-476	216	24	's	's	PART
ftr-476	216	25	obligation	obligation	NOUN
ftr-476	216	26	proved	prove	VERB
ftr-476	216	27	25	25	NUM
ftr-476	216	28	.	.	PUNCT
ftr-476	217	1	see	see	VERB
ftr-476	217	2	bittker	bittker	NOUN
ftr-476	217	3	&	&	CCONJ
ftr-476	217	4	eustice	eustice	PROPN
ftr-476	217	5	,	,	PUNCT
ftr-476	217	6	supra	supra	PROPN
ftr-476	217	7	note	note	NOUN
ftr-476	217	8	16	16	NUM
ftr-476	217	9	,	,	PUNCT
ftr-476	217	10	at	at	ADP
ftr-476	217	11	t	t	PROPN
ftr-476	217	12	3.06[2	3.06[2	NUM
ftr-476	217	13	]	]	PUNCT
ftr-476	217	14	.	.	PUNCT
ftr-476	218	1	instead	instead	ADV
ftr-476	218	2	,	,	PUNCT
ftr-476	218	3	the	the	DET
ftr-476	218	4	tax	tax	NOUN
ftr-476	218	5	detriment	detriment	NOUN
ftr-476	218	6	to	to	ADP
ftr-476	218	7	sol	sol	NOUN
ftr-476	218	8	(	(	PUNCT
ftr-476	218	9	future	future	ADJ
ftr-476	218	10	income	income	NOUN
ftr-476	218	11	recognition	recognition	NOUN
ftr-476	218	12	)	)	PUNCT
ftr-476	218	13	was	be	AUX
ftr-476	218	14	accomplished	accomplish	VERB
ftr-476	218	15	by	by	ADP
ftr-476	218	16	the	the	DET
ftr-476	218	17	stock	stock	NOUN
ftr-476	218	18	basis	basis	NOUN
ftr-476	218	19	reduction	reduction	NOUN
ftr-476	218	20	that	that	PRON
ftr-476	218	21	attended	attend	VERB
ftr-476	218	22	the	the	DET
ftr-476	218	23	initial	initial	ADJ
ftr-476	218	24	debt	debt	NOUN
ftr-476	218	25	assumption	assumption	NOUN
ftr-476	218	26	.	.	PUNCT
ftr-476	219	1	see	see	VERB
ftr-476	219	2	irc	irc	PROPN
ftr-476	219	3	§	§	PROPN
ftr-476	219	4	358(d)(1	358(d)(1	NUM
ftr-476	219	5	)	)	PUNCT
ftr-476	219	6	.	.	PUNCT
ftr-476	220	1	[	[	X
ftr-476	220	2	vol	vol	NOUN
ftr-476	220	3	.	.	PUNCT
ftr-476	221	1	2:5	2:5	NUM
ftr-476	221	2	zero	zero	NUM
ftr-476	221	3	basis	basis	NOUN
ftr-476	221	4	hoax	hoax	NOUN
ftr-476	221	5	the	the	DET
ftr-476	221	6	corporation	corporation	NOUN
ftr-476	221	7	did	do	AUX
ftr-476	221	8	not	not	PART
ftr-476	221	9	assume	assume	VERB
ftr-476	221	10	his	his	PRON
ftr-476	221	11	debts	debt	NOUN
ftr-476	221	12	.	.	PUNCT
ftr-476	222	1	but	but	CCONJ
ftr-476	222	2	the	the	DET
ftr-476	222	3	corporation	corporation	NOUN
ftr-476	222	4	did	do	AUX
ftr-476	222	5	assume	assume	VERB
ftr-476	222	6	sol	sol	PROPN
ftr-476	222	7	's	's	PART
ftr-476	222	8	debts	debt	NOUN
ftr-476	222	9	,	,	PUNCT
ftr-476	222	10	and	and	CCONJ
ftr-476	222	11	the	the	DET
ftr-476	222	12	tax	tax	NOUN
ftr-476	222	13	court	court	NOUN
ftr-476	222	14	properly	properly	ADV
ftr-476	222	15	expressed	express	VERB
ftr-476	222	16	serious	serious	ADJ
ftr-476	222	17	doubts	doubt	NOUN
ftr-476	222	18	about	about	ADP
ftr-476	222	19	the	the	DET
ftr-476	222	20	bona	bona	ADJ
ftr-476	222	21	fides	fide	NOUN
ftr-476	222	22	of	of	ADP
ftr-476	222	23	the	the	DET
ftr-476	222	24	account	account	NOUN
ftr-476	222	25	receivable	receivable	NOUN
ftr-476	222	26	from	from	ADP
ftr-476	222	27	sol	sol	NOUN
ftr-476	222	28	.	.	PUNCT
ftr-476	223	1	thus	thus	ADV
ftr-476	223	2	,	,	PUNCT
ftr-476	223	3	the	the	DET
ftr-476	223	4	lessinger	lessinger	ADJ
ftr-476	223	5	case	case	NOUN
ftr-476	223	6	does	do	AUX
ftr-476	223	7	not	not	PART
ftr-476	223	8	involve	involve	VERB
ftr-476	223	9	a	a	DET
ftr-476	223	10	zero	zero	NUM
ftr-476	223	11	basis	basis	NOUN
ftr-476	223	12	hoax	hoax	NOUN
ftr-476	223	13	so	so	ADV
ftr-476	223	14	much	much	ADV
ftr-476	223	15	as	as	ADP
ftr-476	223	16	a	a	DET
ftr-476	223	17	failure	failure	NOUN
ftr-476	223	18	of	of	ADP
ftr-476	223	19	proof	proof	NOUN
ftr-476	223	20	.	.	PUNCT
ftr-476	224	1	ill	ill	ADJ
ftr-476	224	2	.	.	PUNCT
ftr-476	225	1	what	what	PRON
ftr-476	225	2	has	have	VERB
ftr-476	225	3	zero	zero	NUM
ftr-476	225	4	basis	basis	NOUN
ftr-476	225	5	to	to	PART
ftr-476	225	6	do	do	AUX
ftr-476	225	7	with	with	ADP
ftr-476	225	8	lessinger	lessinger	NOUN
ftr-476	225	9	?	?	PUNCT
ftr-476	226	1	a.	a.	NOUN
ftr-476	226	2	zero	zero	NUM
ftr-476	226	3	basis	basis	NOUN
ftr-476	226	4	has	have	VERB
ftr-476	226	5	nothing	nothing	PRON
ftr-476	226	6	to	to	PART
ftr-476	226	7	do	do	VERB
ftr-476	226	8	with	with	ADP
ftr-476	226	9	the	the	DET
ftr-476	226	10	correct	correct	ADJ
ftr-476	226	11	answer	answer	NOUN
ftr-476	226	12	in	in	ADP
ftr-476	226	13	lessinger	lessinger	ADJ
ftr-476	226	14	zero	zero	NUM
ftr-476	226	15	basis	basis	NOUN
ftr-476	226	16	should	should	AUX
ftr-476	226	17	play	play	VERB
ftr-476	226	18	no	no	DET
ftr-476	226	19	role	role	NOUN
ftr-476	226	20	in	in	ADP
ftr-476	226	21	the	the	DET
ftr-476	226	22	analysis	analysis	NOUN
ftr-476	226	23	under	under	ADP
ftr-476	226	24	section	section	NOUN
ftr-476	226	25	357(c	357(c	PROPN
ftr-476	226	26	)	)	PUNCT
ftr-476	226	27	of	of	ADP
ftr-476	226	28	a	a	DET
ftr-476	226	29	transferor	transferor	NOUN
ftr-476	226	30	's	's	PART
ftr-476	226	31	obligation	obligation	NOUN
ftr-476	226	32	.	.	PUNCT
ftr-476	227	1	the	the	DET
ftr-476	227	2	lessinger	lessinger	ADJ
ftr-476	227	3	result	result	NOUN
ftr-476	227	4	,	,	PUNCT
ftr-476	227	5	if	if	SCONJ
ftr-476	227	6	justifiable	justifiable	ADJ
ftr-476	227	7	,	,	PUNCT
ftr-476	227	8	should	should	AUX
ftr-476	227	9	flow	flow	VERB
ftr-476	227	10	from	from	ADP
ftr-476	227	11	the	the	DET
ftr-476	227	12	fundamental	fundamental	ADJ
ftr-476	227	13	rule	rule	NOUN
ftr-476	227	14	that	that	SCONJ
ftr-476	227	15	sol	sol	NOUN
ftr-476	227	16	can	can	AUX
ftr-476	227	17	borrow	borrow	VERB
ftr-476	227	18	without	without	ADP
ftr-476	227	19	realization	realization	NOUN
ftr-476	227	20	because	because	SCONJ
ftr-476	227	21	he	he	PRON
ftr-476	227	22	is	be	AUX
ftr-476	227	23	obligated	obligate	VERB
ftr-476	227	24	to	to	PART
ftr-476	227	25	repay	repay	VERB
ftr-476	227	26	the	the	DET
ftr-476	227	27	debt	debt	NOUN
ftr-476	227	28	,	,	PUNCT
ftr-476	227	29	not	not	PART
ftr-476	227	30	because	because	SCONJ
ftr-476	227	31	sol	sol	PROPN
ftr-476	227	32	had	have	VERB
ftr-476	227	33	a	a	DET
ftr-476	227	34	basis	basis	NOUN
ftr-476	227	35	in	in	ADP
ftr-476	227	36	his	his	PRON
ftr-476	227	37	own	own	ADJ
ftr-476	227	38	obligation	obligation	NOUN
ftr-476	227	39	.	.	PUNCT
ftr-476	228	1	it	it	PRON
ftr-476	228	2	is	be	AUX
ftr-476	228	3	true	true	ADJ
ftr-476	228	4	that	that	SCONJ
ftr-476	228	5	the	the	DET
ftr-476	228	6	section	section	NOUN
ftr-476	228	7	357(c	357(c	PROPN
ftr-476	228	8	)	)	PUNCT
ftr-476	228	9	gain	gain	NOUN
ftr-476	228	10	would	would	AUX
ftr-476	228	11	disappear	disappear	VERB
ftr-476	228	12	if	if	SCONJ
ftr-476	228	13	sol	sol	NOUN
ftr-476	228	14	's	's	PART
ftr-476	228	15	obligation	obligation	NOUN
ftr-476	228	16	were	be	AUX
ftr-476	228	17	treated	treat	VERB
ftr-476	228	18	as	as	ADP
ftr-476	228	19	property	property	NOUN
ftr-476	228	20	for	for	ADP
ftr-476	228	21	purposes	purpose	NOUN
ftr-476	228	22	of	of	ADP
ftr-476	228	23	section	section	NOUN
ftr-476	228	24	351	351	NUM
ftr-476	228	25	and	and	CCONJ
ftr-476	228	26	if	if	SCONJ
ftr-476	228	27	it	it	PRON
ftr-476	228	28	were	be	AUX
ftr-476	228	29	accorded	accord	VERB
ftr-476	228	30	basis	basis	NOUN
ftr-476	228	31	equal	equal	ADJ
ftr-476	228	32	to	to	ADP
ftr-476	228	33	its	its	PRON
ftr-476	228	34	face	face	NOUN
ftr-476	228	35	amount	amount	NOUN
ftr-476	228	36	.	.	PUNCT
ftr-476	229	1	as	as	SCONJ
ftr-476	229	2	discussed	discuss	VERB
ftr-476	229	3	in	in	ADP
ftr-476	229	4	section	section	NOUN
ftr-476	229	5	b	b	PROPN
ftr-476	229	6	below	below	ADV
ftr-476	229	7	,	,	PUNCT
ftr-476	229	8	according	accord	VERB
ftr-476	229	9	basis	basis	NOUN
ftr-476	229	10	to	to	ADP
ftr-476	229	11	sol	sol	NOUN
ftr-476	229	12	's	's	PART
ftr-476	229	13	obligation	obligation	NOUN
ftr-476	229	14	in	in	ADP
ftr-476	229	15	sol	sol	NOUN
ftr-476	229	16	's	's	PART
ftr-476	229	17	hands	hand	NOUN
ftr-476	229	18	is	be	AUX
ftr-476	229	19	tax	tax	NOUN
ftr-476	229	20	-	-	PUNCT
ftr-476	229	21	illogical	illogical	ADJ
ftr-476	229	22	.	.	PUNCT
ftr-476	230	1	there	there	PRON
ftr-476	230	2	is	be	VERB
ftr-476	230	3	,	,	PUNCT
ftr-476	230	4	however	however	ADV
ftr-476	230	5	,	,	PUNCT
ftr-476	230	6	a	a	DET
ftr-476	230	7	kernel	kernel	NOUN
ftr-476	230	8	of	of	ADP
ftr-476	230	9	truth	truth	NOUN
ftr-476	230	10	at	at	ADP
ftr-476	230	11	the	the	DET
ftr-476	230	12	core	core	NOUN
ftr-476	230	13	of	of	ADP
ftr-476	230	14	the	the	DET
ftr-476	230	15	anti	anti	ADJ
ftr-476	230	16	-	-	ADJ
ftr-476	230	17	zero	zero	NUM
ftr-476	230	18	basis	basis	NOUN
ftr-476	230	19	argument	argument	NOUN
ftr-476	230	20	:	:	PUNCT
ftr-476	230	21	the	the	DET
ftr-476	230	22	issuance	issuance	NOUN
ftr-476	230	23	of	of	ADP
ftr-476	230	24	an	an	DET
ftr-476	230	25	obligation	obligation	NOUN
ftr-476	230	26	in	in	ADP
ftr-476	230	27	exchange	exchange	NOUN
ftr-476	230	28	for	for	ADP
ftr-476	230	29	property	property	NOUN
ftr-476	230	30	normally	normally	ADV
ftr-476	230	31	produces	produce	VERB
ftr-476	230	32	basis	basis	NOUN
ftr-476	230	33	in	in	ADP
ftr-476	230	34	the	the	DET
ftr-476	230	35	property	property	NOUN
ftr-476	230	36	equal	equal	ADJ
ftr-476	230	37	to	to	ADP
ftr-476	230	38	the	the	DET
ftr-476	230	39	amount	amount	NOUN
ftr-476	230	40	of	of	ADP
ftr-476	230	41	the	the	DET
ftr-476	230	42	obligation	obligation	NOUN
ftr-476	230	43	.	.	PUNCT
ftr-476	231	1	6	6	NUM
ftr-476	231	2	perhaps	perhaps	ADV
ftr-476	231	3	,	,	PUNCT
ftr-476	231	4	that	that	DET
ftr-476	231	5	result	result	NOUN
ftr-476	231	6	should	should	AUX
ftr-476	231	7	obtain	obtain	VERB
ftr-476	231	8	even	even	ADV
ftr-476	231	9	when	when	SCONJ
ftr-476	231	10	the	the	DET
ftr-476	231	11	obligation	obligation	NOUN
ftr-476	231	12	is	be	AUX
ftr-476	231	13	given	give	VERB
ftr-476	231	14	at	at	ADP
ftr-476	231	15	the	the	DET
ftr-476	231	16	same	same	ADJ
ftr-476	231	17	time	time	NOUN
ftr-476	231	18	as	as	ADP
ftr-476	231	19	a	a	DET
ftr-476	231	20	section	section	NOUN
ftr-476	231	21	351	351	NUM
ftr-476	231	22	exchange	exchange	NOUN
ftr-476	231	23	,	,	PUNCT
ftr-476	231	24	as	as	SCONJ
ftr-476	231	25	discussed	discuss	VERB
ftr-476	231	26	in	in	ADP
ftr-476	231	27	part	part	NOUN
ftr-476	231	28	v	v	ADP
ftr-476	231	29	below	below	ADV
ftr-476	231	30	.	.	PUNCT
ftr-476	232	1	but	but	CCONJ
ftr-476	232	2	this	this	DET
ftr-476	232	3	approach	approach	NOUN
ftr-476	232	4	would	would	AUX
ftr-476	232	5	not	not	PART
ftr-476	232	6	prevent	prevent	VERB
ftr-476	232	7	section	section	NOUN
ftr-476	232	8	357(c	357(c	PROPN
ftr-476	232	9	)	)	PUNCT
ftr-476	232	10	gain	gain	VERB
ftr-476	232	11	recognition	recognition	NOUN
ftr-476	232	12	.	.	PUNCT
ftr-476	233	1	assume	assume	VERB
ftr-476	233	2	t	t	PROPN
ftr-476	233	3	issues	issue	VERB
ftr-476	233	4	a	a	DET
ftr-476	233	5	$	$	SYM
ftr-476	233	6	50	50	NUM
ftr-476	233	7	note	note	NOUN
ftr-476	233	8	to	to	ADP
ftr-476	233	9	a	a	DET
ftr-476	233	10	wholly	wholly	ADV
ftr-476	233	11	owned	own	VERB
ftr-476	233	12	corporation	corporation	NOUN
ftr-476	233	13	,	,	PUNCT
ftr-476	233	14	and	and	CCONJ
ftr-476	233	15	simultaneously	simultaneously	ADV
ftr-476	233	16	transfers	transfer	NOUN
ftr-476	233	17	to	to	ADP
ftr-476	233	18	the	the	DET
ftr-476	233	19	corporation	corporation	NOUN
ftr-476	233	20	land	land	NOUN
ftr-476	233	21	worth	worth	ADJ
ftr-476	233	22	$	$	SYM
ftr-476	233	23	100	100	NUM
ftr-476	233	24	,	,	PUNCT
ftr-476	233	25	subject	subject	ADJ
ftr-476	233	26	to	to	ADP
ftr-476	233	27	debt	debt	NOUN
ftr-476	233	28	of	of	ADP
ftr-476	233	29	$	$	SYM
ftr-476	233	30	50	50	NUM
ftr-476	233	31	and	and	CCONJ
ftr-476	233	32	having	have	VERB
ftr-476	233	33	a	a	DET
ftr-476	233	34	basis	basis	NOUN
ftr-476	233	35	of	of	ADP
ftr-476	233	36	$	$	SYM
ftr-476	233	37	25	25	NUM
ftr-476	233	38	;	;	PUNCT
ftr-476	233	39	t	t	NOUN
ftr-476	233	40	receives	receive	VERB
ftr-476	233	41	in	in	ADP
ftr-476	233	42	exchange	exchange	NOUN
ftr-476	233	43	100	100	NUM
ftr-476	233	44	shares	share	NOUN
ftr-476	233	45	of	of	ADP
ftr-476	233	46	the	the	DET
ftr-476	233	47	corporation	corporation	NOUN
ftr-476	233	48	's	's	PART
ftr-476	233	49	stock	stock	NOUN
ftr-476	233	50	.	.	PUNCT
ftr-476	234	1	if	if	SCONJ
ftr-476	234	2	one	one	NUM
ftr-476	234	3	half	half	NOUN
ftr-476	234	4	of	of	ADP
ftr-476	234	5	the	the	DET
ftr-476	234	6	stock	stock	NOUN
ftr-476	234	7	is	be	AUX
ftr-476	234	8	deemed	deem	VERB
ftr-476	234	9	received	receive	VERB
ftr-476	234	10	for	for	ADP
ftr-476	234	11	the	the	DET
ftr-476	234	12	land	land	NOUN
ftr-476	234	13	and	and	CCONJ
ftr-476	234	14	the	the	DET
ftr-476	234	15	other	other	ADJ
ftr-476	234	16	half	half	NOUN
ftr-476	234	17	for	for	ADP
ftr-476	234	18	the	the	DET
ftr-476	234	19	note	note	NOUN
ftr-476	234	20	,	,	PUNCT
ftr-476	234	21	t	t	PROPN
ftr-476	234	22	might	might	AUX
ftr-476	234	23	have	have	VERB
ftr-476	234	24	a	a	DET
ftr-476	234	25	cost	cost	NOUN
ftr-476	234	26	basis	basis	NOUN
ftr-476	234	27	of	of	ADP
ftr-476	234	28	$	$	SYM
ftr-476	234	29	50	50	NUM
ftr-476	234	30	for	for	ADP
ftr-476	234	31	the	the	DET
ftr-476	234	32	latter	latter	ADJ
ftr-476	234	33	shares	share	NOUN
ftr-476	234	34	.	.	PUNCT
ftr-476	235	1	if	if	SCONJ
ftr-476	235	2	so	so	ADV
ftr-476	235	3	,	,	PUNCT
ftr-476	235	4	the	the	DET
ftr-476	235	5	exchange	exchange	NOUN
ftr-476	235	6	of	of	ADP
ftr-476	235	7	the	the	DET
ftr-476	235	8	note	note	NOUN
ftr-476	235	9	for	for	ADP
ftr-476	235	10	these	these	DET
ftr-476	235	11	shares	share	NOUN
ftr-476	235	12	can	can	AUX
ftr-476	235	13	not	not	PART
ftr-476	235	14	be	be	AUX
ftr-476	235	15	governed	govern	VERB
ftr-476	235	16	by	by	ADP
ftr-476	235	17	sections	section	NOUN
ftr-476	235	18	351	351	NUM
ftr-476	235	19	and	and	CCONJ
ftr-476	235	20	358	358	NUM
ftr-476	235	21	,	,	PUNCT
ftr-476	235	22	which	which	PRON
ftr-476	235	23	do	do	AUX
ftr-476	235	24	not	not	PART
ftr-476	235	25	provide	provide	VERB
ftr-476	235	26	a	a	DET
ftr-476	235	27	cost	cost	NOUN
ftr-476	235	28	basis	basis	NOUN
ftr-476	235	29	in	in	ADP
ftr-476	235	30	stock	stock	NOUN
ftr-476	235	31	,	,	PUNCT
ftr-476	235	32	but	but	CCONJ
ftr-476	235	33	must	must	AUX
ftr-476	235	34	be	be	AUX
ftr-476	235	35	governed	govern	VERB
ftr-476	235	36	by	by	ADP
ftr-476	235	37	section	section	NOUN
ftr-476	235	38	1012	1012	NUM
ftr-476	235	39	.	.	PUNCT
ftr-476	236	1	thus	thus	ADV
ftr-476	236	2	,	,	PUNCT
ftr-476	236	3	under	under	ADP
ftr-476	236	4	this	this	DET
ftr-476	236	5	approach	approach	NOUN
ftr-476	236	6	,	,	PUNCT
ftr-476	236	7	the	the	DET
ftr-476	236	8	obligation	obligation	NOUN
ftr-476	236	9	is	be	AUX
ftr-476	236	10	not	not	PART
ftr-476	236	11	section	section	NOUN
ftr-476	236	12	351	351	NUM
ftr-476	236	13	"	"	PUNCT
ftr-476	236	14	property	property	NOUN
ftr-476	236	15	,	,	PUNCT
ftr-476	236	16	"	"	PUNCT
ftr-476	236	17	and	and	CCONJ
ftr-476	236	18	the	the	DET
ftr-476	236	19	exchange	exchange	NOUN
ftr-476	236	20	of	of	ADP
ftr-476	236	21	the	the	DET
ftr-476	236	22	note	note	NOUN
ftr-476	236	23	for	for	ADP
ftr-476	236	24	stock	stock	NOUN
ftr-476	236	25	is	be	AUX
ftr-476	236	26	not	not	PART
ftr-476	236	27	part	part	NOUN
ftr-476	236	28	of	of	ADP
ftr-476	236	29	the	the	DET
ftr-476	236	30	section	section	NOUN
ftr-476	236	31	351	351	NUM
ftr-476	236	32	exchange	exchange	NOUN
ftr-476	236	33	,	,	PUNCT
ftr-476	236	34	which	which	PRON
ftr-476	236	35	consists	consist	VERB
ftr-476	236	36	of	of	ADP
ftr-476	236	37	the	the	DET
ftr-476	236	38	exchange	exchange	NOUN
ftr-476	236	39	of	of	ADP
ftr-476	236	40	the	the	DET
ftr-476	236	41	land	land	NOUN
ftr-476	236	42	,	,	PUNCT
ftr-476	236	43	subject	subject	ADJ
ftr-476	236	44	to	to	ADP
ftr-476	236	45	the	the	DET
ftr-476	236	46	debt	debt	NOUN
ftr-476	236	47	,	,	PUNCT
ftr-476	236	48	for	for	ADP
ftr-476	236	49	the	the	DET
ftr-476	236	50	other	other	ADJ
ftr-476	236	51	50	50	NUM
ftr-476	236	52	shares	share	NOUN
ftr-476	236	53	.	.	PUNCT
ftr-476	237	1	in	in	ADP
ftr-476	237	2	the	the	DET
ftr-476	237	3	section	section	NOUN
ftr-476	237	4	351	351	NUM
ftr-476	237	5	exchange	exchange	NOUN
ftr-476	237	6	,	,	PUNCT
ftr-476	237	7	the	the	DET
ftr-476	237	8	debt	debt	NOUN
ftr-476	237	9	assumed	assume	VERB
ftr-476	237	10	(	(	PUNCT
ftr-476	237	11	$	$	SYM
ftr-476	237	12	50	50	NUM
ftr-476	237	13	)	)	PUNCT
ftr-476	237	14	exceeds	exceed	VERB
ftr-476	237	15	the	the	DET
ftr-476	237	16	basis	basis	NOUN
ftr-476	237	17	of	of	ADP
ftr-476	237	18	the	the	DET
ftr-476	237	19	transferred	transfer	VERB
ftr-476	237	20	property	property	NOUN
ftr-476	237	21	(	(	PUNCT
ftr-476	237	22	$	$	SYM
ftr-476	237	23	25	25	NUM
ftr-476	237	24	)	)	PUNCT
ftr-476	237	25	by	by	ADP
ftr-476	237	26	s25	s25	PROPN
ftr-476	237	27	,	,	PUNCT
ftr-476	237	28	which	which	PRON
ftr-476	237	29	section	section	NOUN
ftr-476	237	30	357(c	357(c	PROPN
ftr-476	237	31	)	)	PUNCT
ftr-476	237	32	requires	require	VERB
ftr-476	237	33	that	that	SCONJ
ftr-476	237	34	transferor	transferor	NOUN
ftr-476	237	35	recognize	recognize	VERB
ftr-476	237	36	as	as	ADP
ftr-476	237	37	gain	gain	NOUN
ftr-476	237	38	.	.	PUNCT
ftr-476	238	1	26	26	NUM
ftr-476	238	2	.	.	X
ftr-476	239	1	see	see	VERB
ftr-476	239	2	,	,	PUNCT
ftr-476	239	3	e.g.	e.g.	ADV
ftr-476	239	4	,	,	PUNCT
ftr-476	239	5	brewer	brewer	NOUN
ftr-476	239	6	,	,	PUNCT
ftr-476	239	7	supra	supra	PROPN
ftr-476	239	8	note	note	NOUN
ftr-476	239	9	2	2	NUM
ftr-476	239	10	.	.	PUNCT
ftr-476	239	11	at	at	ADP
ftr-476	239	12	460	460	NUM
ftr-476	239	13	.	.	PUNCT
ftr-476	240	1	however	however	ADV
ftr-476	240	2	.	.	PUNCT
ftr-476	241	1	the	the	DET
ftr-476	241	2	basis	basis	NOUN
ftr-476	241	3	acquired	acquire	VERB
ftr-476	241	4	for	for	ADP
ftr-476	241	5	purchase	purchase	NOUN
ftr-476	241	6	money	money	NOUN
ftr-476	241	7	debt	debt	NOUN
ftr-476	241	8	may	may	AUX
ftr-476	241	9	not	not	PART
ftr-476	241	10	equal	equal	VERB
ftr-476	241	11	the	the	DET
ftr-476	241	12	debt	debt	NOUN
ftr-476	241	13	's	's	PART
ftr-476	241	14	face	face	NOUN
ftr-476	241	15	amount	amount	NOUN
ftr-476	241	16	if	if	SCONJ
ftr-476	241	17	the	the	DET
ftr-476	241	18	debt	debt	NOUN
ftr-476	241	19	carries	carry	VERB
ftr-476	241	20	original	original	ADJ
ftr-476	241	21	issue	issue	NOUN
ftr-476	241	22	discount	discount	NOUN
ftr-476	241	23	.	.	PUNCT
ftr-476	242	1	19941	19941	NUM
ftr-476	242	2	florida	florida	PROPN
ftr-476	242	3	tax	tax	PROPN
ftr-476	242	4	review	review	PROPN
ftr-476	242	5	b.	b.	PROPN
ftr-476	242	6	zero	zero	NUM
ftr-476	242	7	basis	basis	NOUN
ftr-476	242	8	is	be	AUX
ftr-476	242	9	correct	correct	ADJ
ftr-476	242	10	if	if	SCONJ
ftr-476	242	11	the	the	DET
ftr-476	242	12	obligation	obligation	NOUN
ftr-476	242	13	is	be	AUX
ftr-476	242	14	section	section	NOUN
ftr-476	242	15	351	351	NUM
ftr-476	242	16	property	property	NOUN
ftr-476	242	17	because	because	SCONJ
ftr-476	242	18	the	the	DET
ftr-476	242	19	section	section	NOUN
ftr-476	242	20	357(c	357(c	PROPN
ftr-476	242	21	)	)	PUNCT
ftr-476	242	22	problem	problem	NOUN
ftr-476	242	23	is	be	AUX
ftr-476	242	24	not	not	PART
ftr-476	242	25	solved	solve	VERB
ftr-476	242	26	by	by	ADP
ftr-476	242	27	treating	treat	VERB
ftr-476	242	28	the	the	DET
ftr-476	242	29	transferor	transferor	NOUN
ftr-476	242	30	's	's	PART
ftr-476	242	31	obligation	obligation	NOUN
ftr-476	242	32	as	as	SCONJ
ftr-476	242	33	given	give	VERB
ftr-476	242	34	in	in	ADP
ftr-476	242	35	a	a	DET
ftr-476	242	36	purchase	purchase	NOUN
ftr-476	242	37	transaction	transaction	NOUN
ftr-476	242	38	yielding	yield	VERB
ftr-476	242	39	a	a	DET
ftr-476	242	40	cost	cost	NOUN
ftr-476	242	41	basis	basis	NOUN
ftr-476	242	42	in	in	ADP
ftr-476	242	43	stock	stock	NOUN
ftr-476	242	44	under	under	ADP
ftr-476	242	45	section	section	NOUN
ftr-476	242	46	1012	1012	NUM
ftr-476	242	47	,	,	PUNCT
ftr-476	242	48	as	as	SCONJ
ftr-476	242	49	illustrated	illustrate	VERB
ftr-476	242	50	in	in	ADP
ftr-476	242	51	section	section	NOUN
ftr-476	242	52	a	a	DET
ftr-476	242	53	above	above	ADJ
ftr-476	242	54	,	,	PUNCT
ftr-476	242	55	some	some	PRON
ftr-476	242	56	have	have	AUX
ftr-476	242	57	agreed	agree	VERB
ftr-476	242	58	with	with	ADP
ftr-476	242	59	the	the	DET
ftr-476	242	60	tentative	tentative	ADJ
ftr-476	242	61	position	position	NOUN
ftr-476	242	62	of	of	ADP
ftr-476	242	63	the	the	DET
ftr-476	242	64	service	service	NOUN
ftr-476	242	65	and	and	CCONJ
ftr-476	242	66	the	the	DET
ftr-476	242	67	tax	tax	NOUN
ftr-476	242	68	court	court	NOUN
ftr-476	242	69	that	that	SCONJ
ftr-476	242	70	the	the	DET
ftr-476	242	71	obligation	obligation	NOUN
ftr-476	242	72	should	should	AUX
ftr-476	242	73	be	be	AUX
ftr-476	242	74	viewed	view	VERB
ftr-476	242	75	as	as	ADP
ftr-476	242	76	"	"	PUNCT
ftr-476	242	77	property	property	NOUN
ftr-476	242	78	"	"	PUNCT
ftr-476	242	79	for	for	ADP
ftr-476	242	80	section	section	NOUN
ftr-476	242	81	351	351	NUM
ftr-476	242	82	purposes.27	purposes.27	PROPN
ftr-476	242	83	they	they	PRON
ftr-476	242	84	disagree	disagree	VERB
ftr-476	242	85	with	with	ADP
ftr-476	242	86	the	the	DET
ftr-476	242	87	position	position	NOUN
ftr-476	242	88	that	that	PRON
ftr-476	242	89	the	the	DET
ftr-476	242	90	obligation	obligation	NOUN
ftr-476	242	91	has	have	VERB
ftr-476	242	92	a	a	DET
ftr-476	242	93	zero	zero	NUM
ftr-476	242	94	basis	basis	NOUN
ftr-476	242	95	and	and	CCONJ
ftr-476	242	96	argue	argue	VERB
ftr-476	242	97	that	that	SCONJ
ftr-476	242	98	the	the	DET
ftr-476	242	99	obligation	obligation	NOUN
ftr-476	242	100	has	have	VERB
ftr-476	242	101	its	its	PRON
ftr-476	242	102	own	own	ADJ
ftr-476	242	103	positive	positive	ADJ
ftr-476	242	104	cost	cost	NOUN
ftr-476	242	105	basis	basis	NOUN
ftr-476	242	106	to	to	ADP
ftr-476	242	107	the	the	DET
ftr-476	242	108	obligor	obligor	NOUN
ftr-476	242	109	.	.	PUNCT
ftr-476	243	1	the	the	DET
ftr-476	243	2	argument	argument	NOUN
ftr-476	243	3	goes	go	VERB
ftr-476	243	4	that	that	SCONJ
ftr-476	243	5	(	(	PUNCT
ftr-476	243	6	1	1	X
ftr-476	243	7	)	)	PUNCT
ftr-476	243	8	the	the	DET
ftr-476	243	9	obligor	obligor	NOUN
ftr-476	243	10	incurs	incur	VERB
ftr-476	243	11	a	a	DET
ftr-476	243	12	cost	cost	NOUN
ftr-476	243	13	in	in	ADP
ftr-476	243	14	obligating	obligate	VERB
ftr-476	243	15	himself	himself	PRON
ftr-476	243	16	to	to	ADP
ftr-476	243	17	pay,28	pay,28	PROPN
ftr-476	243	18	(	(	PUNCT
ftr-476	243	19	2	2	NUM
ftr-476	243	20	)	)	PUNCT
ftr-476	243	21	this	this	DET
ftr-476	243	22	cost	cost	NOUN
ftr-476	243	23	is	be	AUX
ftr-476	243	24	reflected	reflect	VERB
ftr-476	243	25	in	in	ADP
ftr-476	243	26	the	the	DET
ftr-476	243	27	basis	basis	NOUN
ftr-476	243	28	acquired	acquire	VERB
ftr-476	243	29	in	in	ADP
ftr-476	243	30	property	property	NOUN
ftr-476	243	31	bought	buy	VERB
ftr-476	243	32	for	for	ADP
ftr-476	243	33	debt	debt	NOUN
ftr-476	243	34	,	,	PUNCT
ftr-476	243	35	and	and	CCONJ
ftr-476	243	36	(	(	PUNCT
ftr-476	243	37	3	3	X
ftr-476	243	38	)	)	PUNCT
ftr-476	243	39	the	the	DET
ftr-476	243	40	obligation	obligation	NOUN
ftr-476	243	41	must	must	AUX
ftr-476	243	42	therefore	therefore	ADV
ftr-476	243	43	have	have	VERB
ftr-476	243	44	basis	basis	NOUN
ftr-476	243	45	to	to	ADP
ftr-476	243	46	the	the	DET
ftr-476	243	47	obligor	obligor	NOUN
ftr-476	243	48	(	(	PUNCT
ftr-476	243	49	as	as	SCONJ
ftr-476	243	50	evidenced	evidence	VERB
ftr-476	243	51	by	by	ADP
ftr-476	243	52	the	the	DET
ftr-476	243	53	lack	lack	NOUN
ftr-476	243	54	of	of	ADP
ftr-476	243	55	section	section	NOUN
ftr-476	243	56	1001	1001	NUM
ftr-476	243	57	gain	gain	NOUN
ftr-476	243	58	recognition	recognition	NOUN
ftr-476	243	59	by	by	ADP
ftr-476	243	60	the	the	DET
ftr-476	243	61	obligor	obligor	NOUN
ftr-476	243	62	on	on	ADP
ftr-476	243	63	issuing	issue	VERB
ftr-476	243	64	an	an	DET
ftr-476	243	65	obligation	obligation	NOUN
ftr-476	243	66	)	)	PUNCT
ftr-476	243	67	.	.	PUNCT
ftr-476	244	1	each	each	DET
ftr-476	244	2	step	step	NOUN
ftr-476	244	3	of	of	ADP
ftr-476	244	4	this	this	DET
ftr-476	244	5	proof	proof	NOUN
ftr-476	244	6	is	be	AUX
ftr-476	244	7	faulty.29	faulty.29	NOUN
ftr-476	244	8	the	the	DET
ftr-476	244	9	view	view	NOUN
ftr-476	244	10	that	that	SCONJ
ftr-476	244	11	the	the	DET
ftr-476	244	12	obligation	obligation	NOUN
ftr-476	244	13	is	be	AUX
ftr-476	244	14	property	property	NOUN
ftr-476	244	15	in	in	ADP
ftr-476	244	16	the	the	DET
ftr-476	244	17	obligor	obligor	NOUN
ftr-476	244	18	's	's	PART
ftr-476	244	19	hands	hand	NOUN
ftr-476	244	20	,	,	PUNCT
ftr-476	244	21	the	the	DET
ftr-476	244	22	sale	sale	NOUN
ftr-476	244	23	or	or	CCONJ
ftr-476	244	24	other	other	ADJ
ftr-476	244	25	disposition	disposition	NOUN
ftr-476	244	26	of	of	ADP
ftr-476	244	27	which	which	PRON
ftr-476	244	28	produces	produce	VERB
ftr-476	244	29	section	section	NOUN
ftr-476	244	30	1001	1001	NUM
ftr-476	244	31	gain	gain	NOUN
ftr-476	244	32	or	or	CCONJ
ftr-476	244	33	loss	loss	NOUN
ftr-476	244	34	,	,	PUNCT
ftr-476	244	35	has	have	AUX
ftr-476	244	36	been	be	AUX
ftr-476	244	37	rebuffed	rebuff	VERB
ftr-476	244	38	in	in	ADP
ftr-476	244	39	a	a	DET
ftr-476	244	40	definitive	definitive	ADJ
ftr-476	244	41	1984	1984	NUM
ftr-476	244	42	article	article	NOUN
ftr-476	244	43	by	by	ADP
ftr-476	244	44	professor	professor	NOUN
ftr-476	244	45	manning	manning	NOUN
ftr-476	244	46	.	.	PUNCT
ftr-476	244	47	"	"	PUNCT
ftr-476	245	1	instead	instead	ADV
ftr-476	245	2	,	,	PUNCT
ftr-476	245	3	as	as	SCONJ
ftr-476	245	4	shown	show	VERB
ftr-476	245	5	in	in	ADP
ftr-476	245	6	part	part	NOUN
ftr-476	245	7	v	v	ADP
ftr-476	245	8	below	below	ADV
ftr-476	245	9	,	,	PUNCT
ftr-476	245	10	the	the	DET
ftr-476	245	11	normal	normal	ADJ
ftr-476	245	12	role	role	NOUN
ftr-476	245	13	of	of	ADP
ftr-476	245	14	the	the	DET
ftr-476	245	15	issuance	issuance	NOUN
ftr-476	245	16	of	of	ADP
ftr-476	245	17	an	an	DET
ftr-476	245	18	obligation	obligation	NOUN
ftr-476	245	19	is	be	AUX
ftr-476	245	20	not	not	PART
ftr-476	245	21	as	as	ADP
ftr-476	245	22	a	a	DET
ftr-476	245	23	property	property	NOUN
ftr-476	245	24	disposition	disposition	NOUN
ftr-476	245	25	but	but	CCONJ
ftr-476	245	26	as	as	ADP
ftr-476	245	27	evidence	evidence	NOUN
ftr-476	245	28	of	of	ADP
ftr-476	245	29	section	section	NOUN
ftr-476	245	30	1012	1012	NUM
ftr-476	245	31	cost	cost	NOUN
ftr-476	245	32	.	.	PUNCT
ftr-476	246	1	in	in	ADP
ftr-476	246	2	the	the	DET
ftr-476	246	3	section	section	NOUN
ftr-476	246	4	357(c	357(c	PROPN
ftr-476	246	5	)	)	PUNCT
ftr-476	246	6	context	context	NOUN
ftr-476	246	7	,	,	PUNCT
ftr-476	246	8	manning	man	VERB
ftr-476	246	9	proposes	propose	VERB
ftr-476	246	10	viewing	view	VERB
ftr-476	246	11	the	the	DET
ftr-476	246	12	obligation	obligation	NOUN
ftr-476	246	13	as	as	ADP
ftr-476	246	14	an	an	DET
ftr-476	246	15	open	open	ADJ
ftr-476	246	16	purchase	purchase	NOUN
ftr-476	246	17	transaction	transaction	NOUN
ftr-476	246	18	that	that	PRON
ftr-476	246	19	will	will	AUX
ftr-476	246	20	provide	provide	VERB
ftr-476	246	21	stock	stock	NOUN
ftr-476	246	22	basis	basis	NOUN
ftr-476	246	23	to	to	ADP
ftr-476	246	24	the	the	DET
ftr-476	246	25	transferor	transferor	NOUN
ftr-476	246	26	when	when	SCONJ
ftr-476	246	27	it	it	PRON
ftr-476	246	28	is	be	AUX
ftr-476	246	29	paid	pay	VERB
ftr-476	246	30	in	in	ADP
ftr-476	246	31	cash.3	cash.3	DET
ftr-476	246	32	this	this	DET
ftr-476	246	33	approach	approach	NOUN
ftr-476	246	34	seems	seem	VERB
ftr-476	246	35	correct	correct	ADJ
ftr-476	246	36	and	and	CCONJ
ftr-476	246	37	is	be	AUX
ftr-476	246	38	further	far	ADV
ftr-476	246	39	explained	explain	VERB
ftr-476	246	40	by	by	ADP
ftr-476	246	41	viewing	view	VERB
ftr-476	246	42	the	the	DET
ftr-476	246	43	obligation	obligation	NOUN
ftr-476	246	44	as	as	ADP
ftr-476	246	45	contingent	contingent	NOUN
ftr-476	246	46	,	,	PUNCT
ftr-476	246	47	as	as	SCONJ
ftr-476	246	48	discussed	discuss	VERB
ftr-476	246	49	in	in	ADP
ftr-476	246	50	part	part	NOUN
ftr-476	246	51	v.c	v.c	INTJ
ftr-476	246	52	below	below	ADV
ftr-476	246	53	.	.	PUNCT
ftr-476	247	1	even	even	ADV
ftr-476	247	2	if	if	SCONJ
ftr-476	247	3	the	the	DET
ftr-476	247	4	obligation	obligation	NOUN
ftr-476	247	5	were	be	AUX
ftr-476	247	6	property	property	NOUN
ftr-476	247	7	in	in	ADP
ftr-476	247	8	the	the	DET
ftr-476	247	9	obligor	obligor	NOUN
ftr-476	247	10	's	's	PART
ftr-476	247	11	hands	hand	NOUN
ftr-476	247	12	,	,	PUNCT
ftr-476	247	13	the	the	DET
ftr-476	247	14	obligor	obligor	NOUN
ftr-476	247	15	does	do	AUX
ftr-476	247	16	not	not	PART
ftr-476	247	17	acquire	acquire	VERB
ftr-476	247	18	the	the	DET
ftr-476	247	19	obligation	obligation	NOUN
ftr-476	247	20	in	in	ADP
ftr-476	247	21	exchange	exchange	NOUN
ftr-476	247	22	for	for	ADP
ftr-476	247	23	promising	promise	VERB
ftr-476	247	24	to	to	PART
ftr-476	247	25	pay	pay	VERB
ftr-476	247	26	it	it	PRON
ftr-476	247	27	.	.	PUNCT
ftr-476	248	1	therefore	therefore	ADV
ftr-476	248	2	,	,	PUNCT
ftr-476	248	3	it	it	PRON
ftr-476	248	4	can	can	AUX
ftr-476	248	5	not	not	PART
ftr-476	248	6	be	be	AUX
ftr-476	248	7	said	say	VERB
ftr-476	248	8	that	that	SCONJ
ftr-476	248	9	the	the	DET
ftr-476	248	10	obligor	obligor	NOUN
ftr-476	248	11	has	have	VERB
ftr-476	248	12	a	a	DET
ftr-476	248	13	section	section	NOUN
ftr-476	248	14	1012	1012	NUM
ftr-476	248	15	cost	cost	NOUN
ftr-476	248	16	basis	basis	NOUN
ftr-476	248	17	in	in	ADP
ftr-476	248	18	27	27	NUM
ftr-476	248	19	.	.	PUNCT
ftr-476	249	1	see	see	VERB
ftr-476	249	2	alderman	alderman	PROPN
ftr-476	249	3	v.	v.	PROPN
ftr-476	249	4	commissioner	commissioner	PROPN
ftr-476	249	5	,	,	PUNCT
ftr-476	249	6	55	55	NUM
ftr-476	249	7	t.c	t.c	NOUN
ftr-476	249	8	.	.	PROPN
ftr-476	249	9	662	662	NUM
ftr-476	249	10	(	(	PUNCT
ftr-476	249	11	1971	1971	NUM
ftr-476	249	12	)	)	PUNCT
ftr-476	249	13	(	(	PUNCT
ftr-476	249	14	refraining	refrain	VERB
ftr-476	249	15	from	from	ADP
ftr-476	249	16	calling	call	VERB
ftr-476	249	17	the	the	DET
ftr-476	249	18	note	note	NOUN
ftr-476	249	19	property	property	NOUN
ftr-476	249	20	,	,	PUNCT
ftr-476	249	21	but	but	CCONJ
ftr-476	249	22	grounding	ground	VERB
ftr-476	249	23	the	the	DET
ftr-476	249	24	result	result	NOUN
ftr-476	249	25	in	in	ADP
ftr-476	249	26	its	its	PRON
ftr-476	249	27	zero	zero	NUM
ftr-476	249	28	basis	basis	NOUN
ftr-476	249	29	)	)	PUNCT
ftr-476	249	30	;	;	PUNCT
ftr-476	249	31	rev	rev	PROPN
ftr-476	249	32	.	.	PROPN
ftr-476	249	33	rul	rul	PROPN
ftr-476	249	34	.	.	PUNCT
ftr-476	250	1	68	68	NUM
ftr-476	250	2	-	-	SYM
ftr-476	250	3	629	629	NUM
ftr-476	250	4	,	,	PUNCT
ftr-476	250	5	1968	1968	NUM
ftr-476	250	6	-	-	SYM
ftr-476	250	7	2	2	NUM
ftr-476	250	8	c.b	c.b	PROPN
ftr-476	250	9	.	.	PROPN
ftr-476	250	10	154	154	NUM
ftr-476	250	11	(	(	PUNCT
ftr-476	250	12	same	same	ADJ
ftr-476	250	13	)	)	PUNCT
ftr-476	250	14	.	.	PUNCT
ftr-476	251	1	see	see	VERB
ftr-476	251	2	also	also	ADV
ftr-476	251	3	gemini	gemini	PROPN
ftr-476	251	4	twin	twin	PROPN
ftr-476	251	5	fund	fund	PROPN
ftr-476	251	6	iii	iii	PROPN
ftr-476	251	7	v.	v.	ADP
ftr-476	251	8	commissioner	commissioner	NOUN
ftr-476	251	9	,	,	PUNCT
ftr-476	251	10	62	62	NUM
ftr-476	251	11	t.c	t.c	PROPN
ftr-476	251	12	.	.	PROPN
ftr-476	251	13	memo	memo	NOUN
ftr-476	251	14	(	(	PUNCT
ftr-476	251	15	cch	cch	PROPN
ftr-476	251	16	)	)	PUNCT
ftr-476	251	17	104	104	NUM
ftr-476	251	18	,	,	PUNCT
ftr-476	251	19	107	107	NUM
ftr-476	251	20	,	,	PUNCT
ftr-476	251	21	t.c	t.c	PROPN
ftr-476	251	22	.	.	PROPN
ftr-476	251	23	memo	memo	NOUN
ftr-476	251	24	(	(	PUNCT
ftr-476	251	25	p	p	NOUN
ftr-476	251	26	-	-	PUNCT
ftr-476	251	27	h	h	NOUN
ftr-476	251	28	)	)	PUNCT
ftr-476	251	29	91,315	91,315	NUM
ftr-476	251	30	(	(	PUNCT
ftr-476	251	31	1991	1991	NUM
ftr-476	251	32	)	)	PUNCT
ftr-476	251	33	(	(	PUNCT
ftr-476	251	34	assuming	assume	VERB
ftr-476	251	35	for	for	ADP
ftr-476	251	36	purposes	purpose	NOUN
ftr-476	251	37	of	of	ADP
ftr-476	251	38	petitioner	petitioner	NOUN
ftr-476	251	39	's	's	PART
ftr-476	251	40	argument	argument	NOUN
ftr-476	251	41	that	that	PRON
ftr-476	251	42	note	note	NOUN
ftr-476	251	43	contributed	contribute	VERB
ftr-476	251	44	to	to	ADP
ftr-476	251	45	partnership	partnership	NOUN
ftr-476	251	46	was	be	AUX
ftr-476	251	47	property	property	NOUN
ftr-476	251	48	,	,	PUNCT
ftr-476	251	49	but	but	CCONJ
ftr-476	251	50	stating	state	VERB
ftr-476	251	51	that	that	SCONJ
ftr-476	251	52	it	it	PRON
ftr-476	251	53	was	be	AUX
ftr-476	251	54	"	"	PUNCT
ftr-476	251	55	only	only	ADV
ftr-476	251	56	a	a	DET
ftr-476	251	57	contractual	contractual	ADJ
ftr-476	251	58	obligation	obligation	NOUN
ftr-476	251	59	to	to	ADP
ftr-476	251	60	the	the	DET
ftr-476	251	61	partnership	partnership	NOUN
ftr-476	251	62	"	"	PUNCT
ftr-476	251	63	)	)	PUNCT
ftr-476	251	64	,	,	PUNCT
ftr-476	251	65	aff'd	aff'd	NOUN
ftr-476	251	66	,	,	PUNCT
ftr-476	251	67	8	8	NUM
ftr-476	251	68	f.3d	f.3d	NUM
ftr-476	251	69	26	26	NUM
ftr-476	251	70	(	(	PUNCT
ftr-476	251	71	9th	9th	ADJ
ftr-476	251	72	cir	cir	NOUN
ftr-476	251	73	.	.	PUNCT
ftr-476	251	74	1993	1993	NUM
ftr-476	251	75	)	)	PUNCT
ftr-476	251	76	.	.	PUNCT
ftr-476	252	1	28	28	NUM
ftr-476	252	2	.	.	PUNCT
ftr-476	253	1	see	see	VERB
ftr-476	253	2	barton	barton	PROPN
ftr-476	253	3	,	,	PUNCT
ftr-476	253	4	supra	supra	PROPN
ftr-476	253	5	note	note	PROPN
ftr-476	253	6	23	23	NUM
ftr-476	253	7	,	,	PUNCT
ftr-476	253	8	at	at	ADP
ftr-476	253	9	479	479	NUM
ftr-476	253	10	(	(	PUNCT
ftr-476	253	11	arguing	argue	VERB
ftr-476	253	12	that	that	SCONJ
ftr-476	253	13	the	the	DET
ftr-476	253	14	maker	maker	NOUN
ftr-476	253	15	's	's	PART
ftr-476	253	16	economic	economic	ADJ
ftr-476	253	17	cost	cost	NOUN
ftr-476	253	18	in	in	ADP
ftr-476	253	19	executing	execute	VERB
ftr-476	253	20	a	a	DET
ftr-476	253	21	note	note	NOUN
ftr-476	253	22	makes	make	VERB
ftr-476	253	23	zero	zero	NUM
ftr-476	253	24	basis	basis	NOUN
ftr-476	253	25	therein	therein	ADV
ftr-476	253	26	"	"	PUNCT
ftr-476	253	27	fallacious	fallacious	NOUN
ftr-476	253	28	"	"	PUNCT
ftr-476	253	29	)	)	PUNCT
ftr-476	253	30	.	.	PUNCT
ftr-476	254	1	however	however	ADV
ftr-476	254	2	,	,	PUNCT
ftr-476	254	3	as	as	SCONJ
ftr-476	254	4	explained	explain	VERB
ftr-476	254	5	below	below	ADV
ftr-476	254	6	,	,	PUNCT
ftr-476	254	7	barton	barton	PROPN
ftr-476	254	8	's	's	PART
ftr-476	254	9	reliance	reliance	NOUN
ftr-476	254	10	on	on	ADP
ftr-476	254	11	economic	economic	ADJ
ftr-476	254	12	cost	cost	NOUN
ftr-476	254	13	and	and	CCONJ
ftr-476	254	14	cash	cash	NOUN
ftr-476	254	15	equivalence	equivalence	NOUN
ftr-476	254	16	fails	fail	VERB
ftr-476	254	17	to	to	PART
ftr-476	254	18	explain	explain	VERB
ftr-476	254	19	why	why	SCONJ
ftr-476	254	20	sol	sol	NOUN
ftr-476	254	21	's	's	PART
ftr-476	254	22	obligation	obligation	NOUN
ftr-476	254	23	should	should	AUX
ftr-476	254	24	be	be	AUX
ftr-476	254	25	treated	treat	VERB
ftr-476	254	26	as	as	ADP
ftr-476	254	27	property	property	NOUN
ftr-476	254	28	with	with	ADP
ftr-476	254	29	basis	basis	NOUN
ftr-476	254	30	to	to	ADP
ftr-476	254	31	sol	sol	PROPN
ftr-476	254	32	.	.	PROPN
ftr-476	255	1	29	29	NUM
ftr-476	255	2	.	.	PUNCT
ftr-476	256	1	see	see	VERB
ftr-476	256	2	brewer	brewer	PROPN
ftr-476	256	3	ii	ii	PROPN
ftr-476	256	4	,	,	PUNCT
ftr-476	256	5	supra	supra	PROPN
ftr-476	256	6	note	note	NOUN
ftr-476	256	7	2	2	NUM
ftr-476	256	8	,	,	PUNCT
ftr-476	256	9	at	at	ADP
ftr-476	256	10	1619	1619	NUM
ftr-476	256	11	(	(	PUNCT
ftr-476	256	12	clarifying	clarify	VERB
ftr-476	256	13	his	his	PRON
ftr-476	256	14	view	view	NOUN
ftr-476	256	15	that	that	SCONJ
ftr-476	256	16	assigning	assign	VERB
ftr-476	256	17	basis	basis	NOUN
ftr-476	256	18	to	to	ADP
ftr-476	256	19	the	the	DET
ftr-476	256	20	transferor	transferor	NOUN
ftr-476	256	21	's	's	PART
ftr-476	256	22	obligation	obligation	NOUN
ftr-476	256	23	is	be	AUX
ftr-476	256	24	only	only	ADV
ftr-476	256	25	a	a	DET
ftr-476	256	26	second	second	ADV
ftr-476	256	27	-	-	PUNCT
ftr-476	256	28	best	good	ADJ
ftr-476	256	29	solution	solution	NOUN
ftr-476	256	30	)	)	PUNCT
ftr-476	256	31	.	.	PUNCT
ftr-476	257	1	30	30	NUM
ftr-476	257	2	.	.	X
ftr-476	257	3	manning	man	VERB
ftr-476	257	4	,	,	PUNCT
ftr-476	257	5	supra	supra	PROPN
ftr-476	257	6	note	note	NOUN
ftr-476	257	7	21	21	NUM
ftr-476	257	8	,	,	PUNCT
ftr-476	257	9	at	at	ADP
ftr-476	257	10	195	195	NUM
ftr-476	257	11	.	.	PUNCT
ftr-476	258	1	but	but	CCONJ
ftr-476	258	2	see	see	VERB
ftr-476	258	3	irc	irc	PROPN
ftr-476	258	4	§	§	PROPN
ftr-476	258	5	31	31	NUM
ftr-476	258	6	l(b)(l)(a	l(b)(l)(a	NOUN
ftr-476	258	7	)	)	PUNCT
ftr-476	258	8	(	(	PUNCT
ftr-476	258	9	"	"	PUNCT
ftr-476	258	10	if	if	SCONJ
ftr-476	258	11	a	a	DET
ftr-476	258	12	corporation	corporation	NOUN
ftr-476	258	13	distributes	distribute	VERB
ftr-476	258	14	property	property	NOUN
ftr-476	258	15	(	(	PUNCT
ftr-476	258	16	other	other	ADJ
ftr-476	258	17	than	than	ADP
ftr-476	258	18	an	an	DET
ftr-476	258	19	obligation	obligation	NOUN
ftr-476	258	20	of	of	ADP
ftr-476	258	21	such	such	ADJ
ftr-476	258	22	corporation	corporation	NOUN
ftr-476	258	23	)	)	PUNCT
ftr-476	258	24	....	....	PUNCT
ftr-476	259	1	"	"	PUNCT
ftr-476	259	2	)	)	PUNCT
ftr-476	259	3	.	.	PUNCT
ftr-476	260	1	31	31	NUM
ftr-476	260	2	.	.	X
ftr-476	261	1	manning	man	VERB
ftr-476	261	2	,	,	PUNCT
ftr-476	261	3	supra	supra	PROPN
ftr-476	261	4	note	note	NOUN
ftr-476	261	5	21	21	NUM
ftr-476	261	6	,	,	PUNCT
ftr-476	261	7	at	at	ADP
ftr-476	261	8	193	193	NUM
ftr-476	261	9	-	-	SYM
ftr-476	261	10	95	95	NUM
ftr-476	261	11	.	.	PUNCT
ftr-476	262	1	cf	cf	X
ftr-476	262	2	.	.	PUNCT
ftr-476	263	1	rev	rev	PROPN
ftr-476	263	2	.	.	PUNCT
ftr-476	264	1	rul	rul	PROPN
ftr-476	264	2	.	.	PUNCT
ftr-476	264	3	80	80	NUM
ftr-476	264	4	-	-	SYM
ftr-476	264	5	235	235	NUM
ftr-476	264	6	,	,	PUNCT
ftr-476	264	7	1980	1980	NUM
ftr-476	264	8	-	-	SYM
ftr-476	264	9	2	2	NUM
ftr-476	264	10	c.b	c.b	PROPN
ftr-476	264	11	.	.	PROPN
ftr-476	264	12	229	229	NUM
ftr-476	264	13	(	(	PUNCT
ftr-476	264	14	indicating	indicate	VERB
ftr-476	264	15	that	that	SCONJ
ftr-476	264	16	basis	basis	NOUN
ftr-476	264	17	in	in	ADP
ftr-476	264	18	partnership	partnership	NOUN
ftr-476	264	19	interest	interest	NOUN
ftr-476	264	20	increases	increase	NOUN
ftr-476	264	21	as	as	SCONJ
ftr-476	264	22	partner	partner	NOUN
ftr-476	264	23	pays	pay	VERB
ftr-476	264	24	his	his	PRON
ftr-476	264	25	note	note	NOUN
ftr-476	264	26	)	)	PUNCT
ftr-476	264	27	;	;	PUNCT
ftr-476	264	28	jeremiah	jeremiah	PROPN
ftr-476	264	29	luxemburger	luxemburger	PROPN
ftr-476	264	30	&	&	CCONJ
ftr-476	264	31	mark	mark	PROPN
ftr-476	264	32	s.	s.	PROPN
ftr-476	264	33	lange	lange	PROPN
ftr-476	264	34	,	,	PUNCT
ftr-476	264	35	an	an	DET
ftr-476	264	36	"	"	PUNCT
ftr-476	264	37	open	open	ADJ
ftr-476	264	38	transaction	transaction	NOUN
ftr-476	264	39	"	"	PUNCT
ftr-476	264	40	analysis	analysis	NOUN
ftr-476	264	41	of	of	ADP
ftr-476	264	42	promissory	promissory	ADJ
ftr-476	264	43	note	note	NOUN
ftr-476	264	44	transactions	transaction	NOUN
ftr-476	264	45	among	among	ADP
ftr-476	264	46	partners	partner	NOUN
ftr-476	264	47	,	,	PUNCT
ftr-476	264	48	their	their	PRON
ftr-476	264	49	partnerships	partnership	NOUN
ftr-476	264	50	,	,	PUNCT
ftr-476	264	51	and	and	CCONJ
ftr-476	264	52	third	third	ADJ
ftr-476	264	53	persons	person	NOUN
ftr-476	264	54	,	,	PUNCT
ftr-476	264	55	8	8	NUM
ftr-476	264	56	va	va	NOUN
ftr-476	264	57	.	.	PUNCT
ftr-476	264	58	tax	tax	PROPN
ftr-476	264	59	rev	rev	PROPN
ftr-476	264	60	.	.	PROPN
ftr-476	264	61	1	1	NUM
ftr-476	264	62	(	(	PUNCT
ftr-476	264	63	1988	1988	NUM
ftr-476	264	64	)	)	PUNCT
ftr-476	264	65	.	.	PUNCT
ftr-476	265	1	[	[	X
ftr-476	265	2	vol	vol	NOUN
ftr-476	265	3	2:5	2:5	NUM
ftr-476	265	4	zero	zero	NUM
ftr-476	265	5	basis	basis	NOUN
ftr-476	265	6	hoar	hoar	NOUN
ftr-476	265	7	the	the	DET
ftr-476	265	8	obligation.3	obligation.3	PROPN
ftr-476	265	9	2	2	NUM
ftr-476	265	10	furthermore	furthermore	ADV
ftr-476	265	11	,	,	PUNCT
ftr-476	265	12	the	the	DET
ftr-476	265	13	fact	fact	NOUN
ftr-476	265	14	that	that	SCONJ
ftr-476	265	15	the	the	DET
ftr-476	265	16	issuance	issuance	NOUN
ftr-476	265	17	of	of	ADP
ftr-476	265	18	an	an	DET
ftr-476	265	19	obligation	obligation	NOUN
ftr-476	265	20	creates	create	VERB
ftr-476	265	21	basis	basis	NOUN
ftr-476	265	22	in	in	ADP
ftr-476	265	23	the	the	DET
ftr-476	265	24	property	property	NOUN
ftr-476	265	25	received	receive	VERB
ftr-476	265	26	in	in	ADP
ftr-476	265	27	exchange	exchange	NOUN
ftr-476	265	28	does	do	AUX
ftr-476	265	29	not	not	PART
ftr-476	265	30	mean	mean	VERB
ftr-476	265	31	that	that	SCONJ
ftr-476	265	32	the	the	DET
ftr-476	265	33	obligation	obligation	NOUN
ftr-476	265	34	had	have	VERB
ftr-476	265	35	basis	basis	NOUN
ftr-476	265	36	.	.	PUNCT
ftr-476	266	1	rather	rather	ADV
ftr-476	266	2	,	,	PUNCT
ftr-476	266	3	it	it	PRON
ftr-476	266	4	means	mean	VERB
ftr-476	266	5	that	that	SCONJ
ftr-476	266	6	the	the	DET
ftr-476	266	7	tax	tax	NOUN
ftr-476	266	8	law	law	NOUN
ftr-476	266	9	assumes	assume	VERB
ftr-476	266	10	the	the	DET
ftr-476	266	11	obligation	obligation	NOUN
ftr-476	266	12	will	will	AUX
ftr-476	266	13	be	be	AUX
ftr-476	266	14	paid	pay	VERB
ftr-476	266	15	and	and	CCONJ
ftr-476	266	16	thus	thus	ADV
ftr-476	266	17	allows	allow	VERB
ftr-476	266	18	advance	advance	NOUN
ftr-476	266	19	(	(	PUNCT
ftr-476	266	20	often	often	ADV
ftr-476	266	21	depreciable	depreciable	ADJ
ftr-476	266	22	)	)	PUNCT
ftr-476	266	23	basis	basis	NOUN
ftr-476	266	24	for	for	ADP
ftr-476	266	25	the	the	DET
ftr-476	266	26	promise	promise	NOUN
ftr-476	266	27	of	of	ADP
ftr-476	266	28	future	future	ADJ
ftr-476	266	29	payment,3	payment,3	ADJ
ftr-476	266	30	3	3	NUM
ftr-476	266	31	despite	despite	SCONJ
ftr-476	266	32	the	the	DET
ftr-476	266	33	normal	normal	ADJ
ftr-476	266	34	inability	inability	NOUN
ftr-476	266	35	of	of	ADP
ftr-476	266	36	a	a	DET
ftr-476	266	37	cash	cash	NOUN
ftr-476	266	38	method	method	NOUN
ftr-476	266	39	taxpayer	taxpayer	NOUN
ftr-476	266	40	to	to	PART
ftr-476	266	41	obtain	obtain	VERB
ftr-476	266	42	a	a	DET
ftr-476	266	43	deduction	deduction	NOUN
ftr-476	266	44	by	by	ADP
ftr-476	266	45	issuing	issue	VERB
ftr-476	266	46	an	an	DET
ftr-476	266	47	obligation	obligation	NOUN
ftr-476	266	48	.	.	PUNCT
ftr-476	267	1	the	the	DET
ftr-476	267	2	only	only	ADJ
ftr-476	267	3	theoretically	theoretically	ADV
ftr-476	267	4	possible	possible	ADJ
ftr-476	267	5	way	way	NOUN
ftr-476	267	6	for	for	SCONJ
ftr-476	267	7	the	the	DET
ftr-476	267	8	obligation	obligation	NOUN
ftr-476	267	9	to	to	PART
ftr-476	267	10	have	have	AUX
ftr-476	267	11	basis	basis	NOUN
ftr-476	267	12	to	to	ADP
ftr-476	267	13	the	the	DET
ftr-476	267	14	obligor	obligor	NOUN
ftr-476	267	15	would	would	AUX
ftr-476	267	16	be	be	AUX
ftr-476	267	17	for	for	SCONJ
ftr-476	267	18	its	its	PRON
ftr-476	267	19	issuance	issuance	NOUN
ftr-476	267	20	to	to	PART
ftr-476	267	21	be	be	AUX
ftr-476	267	22	a	a	DET
ftr-476	267	23	taxable	taxable	ADJ
ftr-476	267	24	exchange	exchange	NOUN
ftr-476	267	25	of	of	ADP
ftr-476	267	26	property	property	NOUN
ftr-476	267	27	for	for	ADP
ftr-476	267	28	property	property	NOUN
ftr-476	267	29	,	,	PUNCT
ftr-476	267	30	which	which	PRON
ftr-476	267	31	it	it	PRON
ftr-476	267	32	is	be	AUX
ftr-476	267	33	not.furthermore	not.furthermore	ADV
ftr-476	267	34	,	,	PUNCT
ftr-476	267	35	it	it	PRON
ftr-476	267	36	is	be	AUX
ftr-476	267	37	not	not	PART
ftr-476	267	38	necessary	necessary	ADJ
ftr-476	267	39	to	to	PART
ftr-476	267	40	give	give	VERB
ftr-476	267	41	the	the	DET
ftr-476	267	42	obligor	obligor	ADJ
ftr-476	267	43	basis	basis	NOUN
ftr-476	267	44	for	for	ADP
ftr-476	267	45	the	the	DET
ftr-476	267	46	obligation	obligation	NOUN
ftr-476	267	47	in	in	ADP
ftr-476	267	48	order	order	NOUN
ftr-476	267	49	to	to	PART
ftr-476	267	50	prevent	prevent	VERB
ftr-476	267	51	the	the	DET
ftr-476	267	52	obligor	obligor	NOUN
ftr-476	267	53	from	from	ADP
ftr-476	267	54	recognizing	recognize	VERB
ftr-476	267	55	gain	gain	NOUN
ftr-476	267	56	under	under	ADP
ftr-476	267	57	section	section	NOUN
ftr-476	267	58	1001	1001	NUM
ftr-476	267	59	on	on	ADP
ftr-476	267	60	the	the	DET
ftr-476	267	61	obligation	obligation	NOUN
ftr-476	267	62	's	's	PART
ftr-476	267	63	issuance.3	issuance.3	NOUN
ftr-476	267	64	5	5	NUM
ftr-476	267	65	even	even	ADV
ftr-476	267	66	if	if	SCONJ
ftr-476	267	67	the	the	DET
ftr-476	267	68	obligation	obligation	NOUN
ftr-476	267	69	is	be	AUX
ftr-476	267	70	treated	treat	VERB
ftr-476	267	71	as	as	ADP
ftr-476	267	72	property	property	NOUN
ftr-476	267	73	exchanged	exchange	VERB
ftr-476	267	74	for	for	ADP
ftr-476	267	75	other	other	ADJ
ftr-476	267	76	property	property	NOUN
ftr-476	267	77	,	,	PUNCT
ftr-476	267	78	there	there	PRON
ftr-476	267	79	is	be	VERB
ftr-476	267	80	no	no	DET
ftr-476	267	81	accession	accession	NOUN
ftr-476	267	82	to	to	ADP
ftr-476	267	83	the	the	DET
ftr-476	267	84	obligor	obligor	NOUN
ftr-476	267	85	's	's	PART
ftr-476	267	86	wealth	wealth	NOUN
ftr-476	267	87	,	,	PUNCT
ftr-476	267	88	and	and	CCONJ
ftr-476	267	89	thus	thus	ADV
ftr-476	267	90	no	no	DET
ftr-476	267	91	income	income	NOUN
ftr-476	267	92	,	,	PUNCT
ftr-476	267	93	because	because	SCONJ
ftr-476	267	94	the	the	DET
ftr-476	267	95	value	value	NOUN
ftr-476	267	96	received	receive	VERB
ftr-476	267	97	is	be	AUX
ftr-476	267	98	offset	offset	VERB
ftr-476	267	99	by	by	ADP
ftr-476	267	100	the	the	DET
ftr-476	267	101	obligation	obligation	NOUN
ftr-476	267	102	to	to	ADP
ftr-476	267	103	pay.36	pay.36	NOUN
ftr-476	267	104	thus	thus	ADV
ftr-476	267	105	,	,	PUNCT
ftr-476	267	106	the	the	DET
ftr-476	267	107	fundamental	fundamental	ADJ
ftr-476	267	108	absence	absence	NOUN
ftr-476	267	109	of	of	ADP
ftr-476	267	110	income	income	NOUN
ftr-476	267	111	precludes	preclude	VERB
ftr-476	267	112	the	the	DET
ftr-476	267	113	applicability	applicability	NOUN
ftr-476	267	114	of	of	ADP
ftr-476	267	115	the	the	DET
ftr-476	267	116	gain	gain	NOUN
ftr-476	267	117	computation	computation	NOUN
ftr-476	267	118	rule	rule	NOUN
ftr-476	267	119	of	of	ADP
ftr-476	267	120	section	section	NOUN
ftr-476	267	121	1001	1001	NUM
ftr-476	267	122	,	,	PUNCT
ftr-476	267	123	which	which	PRON
ftr-476	267	124	does	do	AUX
ftr-476	267	125	not	not	PART
ftr-476	267	126	itself	itself	PRON
ftr-476	267	127	define	define	VERB
ftr-476	267	128	income	income	NOUN
ftr-476	267	129	realization	realization	NOUN
ftr-476	267	130	events.37	events.37	VERB
ftr-476	267	131	32	32	NUM
ftr-476	267	132	.	.	PUNCT
ftr-476	268	1	a	a	DET
ftr-476	268	2	general	general	ADJ
ftr-476	268	3	principle	principle	NOUN
ftr-476	268	4	of	of	ADP
ftr-476	268	5	unadjusted	unadjusted	ADJ
ftr-476	268	6	basis	basis	NOUN
ftr-476	268	7	can	can	AUX
ftr-476	268	8	be	be	AUX
ftr-476	268	9	stated	state	VERB
ftr-476	268	10	as	as	SCONJ
ftr-476	268	11	follows	follow	VERB
ftr-476	268	12	:	:	PUNCT
ftr-476	268	13	an	an	DET
ftr-476	268	14	owner	owner	NOUN
ftr-476	268	15	's	's	PART
ftr-476	268	16	unadjusted	unadjusted	ADJ
ftr-476	268	17	basis	basis	NOUN
ftr-476	268	18	in	in	ADP
ftr-476	268	19	property	property	NOUN
ftr-476	268	20	should	should	AUX
ftr-476	268	21	equal	equal	VERB
ftr-476	268	22	its	its	PRON
ftr-476	268	23	value	value	NOUN
ftr-476	268	24	when	when	SCONJ
ftr-476	268	25	received	receive	VERB
ftr-476	268	26	,	,	PUNCT
ftr-476	268	27	or	or	CCONJ
ftr-476	268	28	the	the	DET
ftr-476	268	29	value	value	NOUN
ftr-476	268	30	of	of	ADP
ftr-476	268	31	the	the	DET
ftr-476	268	32	property	property	NOUN
ftr-476	268	33	exchanged	exchange	VERB
ftr-476	268	34	for	for	ADP
ftr-476	268	35	it	it	PRON
ftr-476	268	36	,	,	PUNCT
ftr-476	268	37	which	which	DET
ftr-476	268	38	amount	amount	NOUN
ftr-476	268	39	was	be	AUX
ftr-476	268	40	or	or	CCONJ
ftr-476	268	41	will	will	AUX
ftr-476	268	42	be	be	AUX
ftr-476	268	43	included	include	VERB
ftr-476	268	44	in	in	ADP
ftr-476	268	45	the	the	DET
ftr-476	268	46	gross	gross	ADJ
ftr-476	268	47	income	income	NOUN
ftr-476	268	48	of	of	ADP
ftr-476	268	49	the	the	DET
ftr-476	268	50	owner	owner	NOUN
ftr-476	268	51	or	or	CCONJ
ftr-476	268	52	an	an	DET
ftr-476	268	53	alter	alter	NOUN
ftr-476	268	54	ego	ego	NOUN
ftr-476	268	55	of	of	ADP
ftr-476	268	56	the	the	DET
ftr-476	268	57	owner	owner	NOUN
ftr-476	268	58	.	.	PUNCT
ftr-476	269	1	see	see	VERB
ftr-476	269	2	jasper	jasper	PROPN
ftr-476	269	3	l.	l.	PROPN
ftr-476	269	4	cummings	cummings	PROPN
ftr-476	269	5	.	.	PUNCT
ftr-476	270	1	jr	jr	PROPN
ftr-476	270	2	.	.	PROPN
ftr-476	270	3	,	,	PUNCT
ftr-476	270	4	the	the	DET
ftr-476	270	5	silent	silent	ADJ
ftr-476	270	6	policies	policy	NOUN
ftr-476	270	7	of	of	ADP
ftr-476	270	8	conservation	conservation	NOUN
ftr-476	270	9	and	and	CCONJ
ftr-476	270	10	cloning	cloning	NOUN
ftr-476	270	11	of	of	ADP
ftr-476	270	12	tax	tax	NOUN
ftr-476	270	13	basis	basis	NOUN
ftr-476	270	14	and	and	CCONJ
ftr-476	270	15	their	their	PRON
ftr-476	270	16	corporate	corporate	ADJ
ftr-476	270	17	applications	application	NOUN
ftr-476	270	18	.	.	PUNCT
ftr-476	271	1	48	48	NUM
ftr-476	271	2	tax	tax	NOUN
ftr-476	271	3	l.	l.	PROPN
ftr-476	271	4	rev	rev	PROPN
ftr-476	271	5	.	.	PROPN
ftr-476	271	6	113	113	NUM
ftr-476	271	7	,	,	PUNCT
ftr-476	271	8	119	119	NUM
ftr-476	271	9	-	-	SYM
ftr-476	271	10	20	20	NUM
ftr-476	271	11	(	(	PUNCT
ftr-476	271	12	1992	1992	NUM
ftr-476	271	13	)	)	PUNCT
ftr-476	271	14	.	.	PUNCT
ftr-476	272	1	33	33	NUM
ftr-476	272	2	.	.	PUNCT
ftr-476	273	1	see	see	VERB
ftr-476	273	2	commissioner	commissioner	NOUN
ftr-476	273	3	v.	v.	ADP
ftr-476	273	4	tufts	tuft	NOUN
ftr-476	273	5	,	,	PUNCT
ftr-476	273	6	461	461	NUM
ftr-476	273	7	u.s	u.s	PROPN
ftr-476	273	8	.	.	PROPN
ftr-476	273	9	300	300	NUM
ftr-476	273	10	.	.	PUNCT
ftr-476	274	1	307	307	NUM
ftr-476	274	2	-	-	SYM
ftr-476	274	3	08	08	NUM
ftr-476	274	4	(	(	PUNCT
ftr-476	274	5	1983	1983	NUM
ftr-476	274	6	)	)	PUNCT
ftr-476	274	7	(	(	PUNCT
ftr-476	274	8	"	"	PUNCT
ftr-476	274	9	because	because	SCONJ
ftr-476	274	10	of	of	ADP
ftr-476	274	11	the	the	DET
ftr-476	274	12	obligation	obligation	NOUN
ftr-476	274	13	to	to	PART
ftr-476	274	14	repay	repay	VERB
ftr-476	274	15	,	,	PUNCT
ftr-476	274	16	the	the	DET
ftr-476	274	17	taxpayer	taxpayer	NOUN
ftr-476	274	18	is	be	AUX
ftr-476	274	19	entitled	entitle	VERB
ftr-476	274	20	to	to	PART
ftr-476	274	21	include	include	VERB
ftr-476	274	22	the	the	DET
ftr-476	274	23	amount	amount	NOUN
ftr-476	274	24	of	of	ADP
ftr-476	274	25	the	the	DET
ftr-476	274	26	loan	loan	NOUN
ftr-476	274	27	in	in	ADP
ftr-476	274	28	computing	compute	VERB
ftr-476	274	29	his	his	PRON
ftr-476	274	30	basis	basis	NOUN
ftr-476	274	31	in	in	ADP
ftr-476	274	32	the	the	DET
ftr-476	274	33	property	property	NOUN
ftr-476	274	34	.	.	PUNCT
ftr-476	275	1	)	)	PUNCT
ftr-476	275	2	;	;	PUNCT
ftr-476	275	3	mayerson	mayerson	PROPN
ftr-476	275	4	v.	v.	PROPN
ftr-476	275	5	commissioner	commissioner	PROPN
ftr-476	275	6	,	,	PUNCT
ftr-476	275	7	47	47	NUM
ftr-476	275	8	t.c	t.c	PROPN
ftr-476	275	9	.	.	PROPN
ftr-476	275	10	340	340	NUM
ftr-476	275	11	.	.	PUNCT
ftr-476	276	1	352	352	NUM
ftr-476	276	2	(	(	PUNCT
ftr-476	276	3	1966	1966	NUM
ftr-476	276	4	)	)	PUNCT
ftr-476	276	5	(	(	PUNCT
ftr-476	276	6	"	"	PUNCT
ftr-476	276	7	'	'	PUNCT
ftr-476	276	8	he	he	PRON
ftr-476	276	9	effect	effect	NOUN
ftr-476	276	10	of	of	ADP
ftr-476	276	11	such	such	DET
ftr-476	276	12	a	a	DET
ftr-476	276	13	policy	policy	NOUN
ftr-476	276	14	is	be	AUX
ftr-476	276	15	to	to	PART
ftr-476	276	16	give	give	VERB
ftr-476	276	17	the	the	DET
ftr-476	276	18	taxpayer	taxpayer	NOUN
ftr-476	276	19	an	an	DET
ftr-476	276	20	advance	advance	NOUN
ftr-476	276	21	credit	credit	NOUN
ftr-476	276	22	for	for	ADP
ftr-476	276	23	the	the	DET
ftr-476	276	24	amount	amount	NOUN
ftr-476	276	25	of	of	ADP
ftr-476	276	26	the	the	DET
ftr-476	276	27	mortgage	mortgage	NOUN
ftr-476	276	28	.	.	PUNCT
ftr-476	277	1	this	this	PRON
ftr-476	277	2	appears	appear	VERB
ftr-476	277	3	to	to	PART
ftr-476	277	4	be	be	AUX
ftr-476	277	5	reasonable	reasonable	ADJ
ftr-476	277	6	since	since	SCONJ
ftr-476	277	7	it	it	PRON
ftr-476	277	8	can	can	AUX
ftr-476	277	9	be	be	AUX
ftr-476	277	10	assumed	assume	VERB
ftr-476	277	11	that	that	SCONJ
ftr-476	277	12	a	a	DET
ftr-476	277	13	capital	capital	NOUN
ftr-476	277	14	investment	investment	NOUN
ftr-476	277	15	in	in	ADP
ftr-476	277	16	the	the	DET
ftr-476	277	17	amount	amount	NOUN
ftr-476	277	18	of	of	ADP
ftr-476	277	19	the	the	DET
ftr-476	277	20	mortgage	mortgage	NOUN
ftr-476	277	21	will	will	AUX
ftr-476	277	22	eventually	eventually	ADV
ftr-476	277	23	occur	occur	VERB
ftr-476	277	24	despite	despite	SCONJ
ftr-476	277	25	the	the	DET
ftr-476	277	26	absence	absence	NOUN
ftr-476	277	27	of	of	ADP
ftr-476	277	28	personal	personal	ADJ
ftr-476	277	29	liability	liability	NOUN
ftr-476	277	30	.	.	PUNCT
ftr-476	277	31	"	"	PUNCT
ftr-476	277	32	)	)	PUNCT
ftr-476	277	33	.	.	PUNCT
ftr-476	278	1	acq	acq	PROPN
ftr-476	278	2	.	.	PROPN
ftr-476	278	3	,	,	PUNCT
ftr-476	278	4	1969	1969	NUM
ftr-476	278	5	-	-	SYM
ftr-476	278	6	2	2	NUM
ftr-476	278	7	c.b	c.b	PROPN
ftr-476	278	8	.	.	PROPN
ftr-476	278	9	xxiv	xxiv	PROPN
ftr-476	278	10	.	.	PUNCT
ftr-476	279	1	cf	cf	NOUN
ftr-476	279	2	.	.	PUNCT
ftr-476	280	1	estate	estate	NOUN
ftr-476	280	2	of	of	ADP
ftr-476	280	3	franklin	franklin	PROPN
ftr-476	280	4	v.	v.	PROPN
ftr-476	280	5	commissioner	commissioner	PROPN
ftr-476	280	6	,	,	PUNCT
ftr-476	280	7	544	544	NUM
ftr-476	280	8	f.2d	f.2d	NOUN
ftr-476	280	9	1045	1045	NUM
ftr-476	280	10	(	(	PUNCT
ftr-476	280	11	9th	9th	ADJ
ftr-476	280	12	cir	cir	NOUN
ftr-476	280	13	.	.	PUNCT
ftr-476	280	14	1976	1976	NUM
ftr-476	280	15	)	)	PUNCT
ftr-476	281	1	(	(	PUNCT
ftr-476	281	2	holding	hold	VERB
ftr-476	281	3	that	that	DET
ftr-476	281	4	purchase	purchase	NOUN
ftr-476	281	5	money	money	NOUN
ftr-476	281	6	debt	debt	NOUN
ftr-476	281	7	can	can	AUX
ftr-476	281	8	not	not	PART
ftr-476	281	9	be	be	AUX
ftr-476	281	10	included	include	VERB
ftr-476	281	11	in	in	ADP
ftr-476	281	12	basis	basis	NOUN
ftr-476	281	13	if	if	SCONJ
ftr-476	281	14	it	it	PRON
ftr-476	281	15	is	be	AUX
ftr-476	281	16	not	not	PART
ftr-476	281	17	economically	economically	ADV
ftr-476	281	18	reasonable	reasonable	ADJ
ftr-476	281	19	for	for	SCONJ
ftr-476	281	20	the	the	DET
ftr-476	281	21	purchaser	purchaser	NOUN
ftr-476	281	22	to	to	PART
ftr-476	281	23	pay	pay	VERB
ftr-476	281	24	the	the	DET
ftr-476	281	25	debt	debt	NOUN
ftr-476	281	26	)	)	PUNCT
ftr-476	281	27	;	;	PUNCT
ftr-476	281	28	estate	estate	NOUN
ftr-476	281	29	of	of	ADP
ftr-476	281	30	isaacson	isaacson	PROPN
ftr-476	281	31	v.	v.	PROPN
ftr-476	281	32	commissioner	commissioner	PROPN
ftr-476	281	33	,	,	PUNCT
ftr-476	281	34	860	860	NUM
ftr-476	281	35	f.2d	f.2d	ADP
ftr-476	281	36	55	55	NUM
ftr-476	281	37	(	(	PUNCT
ftr-476	281	38	2d	2d	NUM
ftr-476	281	39	cir	cir	NOUN
ftr-476	281	40	.	.	PUNCT
ftr-476	281	41	1988	1988	NUM
ftr-476	281	42	)	)	PUNCT
ftr-476	281	43	(	(	PUNCT
ftr-476	281	44	following	follow	VERB
ftr-476	281	45	franklin	franklin	PROPN
ftr-476	281	46	and	and	CCONJ
ftr-476	281	47	denying	deny	VERB
ftr-476	281	48	all	all	DET
ftr-476	281	49	depreciation	depreciation	NOUN
ftr-476	281	50	deductions	deduction	NOUN
ftr-476	281	51	):	):	PUNCT
ftr-476	281	52	pleasant	pleasant	ADJ
ftr-476	281	53	summit	summit	PROPN
ftr-476	281	54	land	land	PROPN
ftr-476	281	55	corp	corp	PROPN
ftr-476	281	56	.	.	PROPN
ftr-476	281	57	v.	v.	PROPN
ftr-476	281	58	commissioner	commissioner	PROPN
ftr-476	281	59	,	,	PUNCT
ftr-476	281	60	863	863	NUM
ftr-476	281	61	f.2d	f.2d	SYM
ftr-476	281	62	263	263	NUM
ftr-476	281	63	(	(	PUNCT
ftr-476	281	64	3d	3d	PROPN
ftr-476	281	65	cir	cir	NOUN
ftr-476	281	66	.	.	PROPN
ftr-476	281	67	1988	1988	NUM
ftr-476	281	68	)	)	PUNCT
ftr-476	281	69	(	(	PUNCT
ftr-476	281	70	including	include	VERB
ftr-476	281	71	excessive	excessive	ADJ
ftr-476	281	72	nonrecourse	nonrecourse	NOUN
ftr-476	281	73	debt	debt	NOUN
ftr-476	281	74	in	in	ADP
ftr-476	281	75	basis	basis	NOUN
ftr-476	281	76	up	up	ADP
ftr-476	281	77	to	to	ADP
ftr-476	281	78	value	value	NOUN
ftr-476	281	79	of	of	ADP
ftr-476	281	80	property	property	NOUN
ftr-476	281	81	)	)	PUNCT
ftr-476	281	82	,	,	PUNCT
ftr-476	281	83	cert	cert	PROPN
ftr-476	281	84	.	.	PUNCT
ftr-476	282	1	denied	deny	VERB
ftr-476	282	2	sub	sub	PROPN
ftr-476	282	3	nom	nom	PROPN
ftr-476	282	4	.	.	PROPN
ftr-476	282	5	commissioner	commissioner	PROPN
ftr-476	282	6	v.	v.	PROPN
ftr-476	282	7	prussin	prussin	PROPN
ftr-476	282	8	,	,	PUNCT
ftr-476	283	1	493	493	NUM
ftr-476	283	2	u.s	u.s	PROPN
ftr-476	283	3	.	.	PROPN
ftr-476	283	4	901	901	NUM
ftr-476	283	5	(	(	PUNCT
ftr-476	283	6	1989	1989	NUM
ftr-476	283	7	)	)	PUNCT
ftr-476	283	8	.	.	PUNCT
ftr-476	284	1	34	34	NUM
ftr-476	284	2	.	.	PUNCT
ftr-476	285	1	for	for	ADP
ftr-476	285	2	example	example	NOUN
ftr-476	285	3	,	,	PUNCT
ftr-476	285	4	if	if	SCONJ
ftr-476	285	5	t	t	PROPN
ftr-476	285	6	exchanges	exchange	NOUN
ftr-476	285	7	land	land	VERB
ftr-476	285	8	with	with	ADP
ftr-476	285	9	a	a	DET
ftr-476	285	10	zero	zero	NUM
ftr-476	285	11	basis	basis	NOUN
ftr-476	285	12	and	and	CCONJ
ftr-476	285	13	a	a	DET
ftr-476	285	14	slo0	slo0	NOUN
ftr-476	285	15	value	value	NOUN
ftr-476	285	16	for	for	ADP
ftr-476	285	17	a	a	DET
ftr-476	285	18	car	car	NOUN
ftr-476	285	19	worth	worth	ADJ
ftr-476	285	20	$	$	SYM
ftr-476	285	21	100	100	NUM
ftr-476	285	22	,	,	PUNCT
ftr-476	285	23	t	t	PROPN
ftr-476	285	24	recognizes	recognize	VERB
ftr-476	285	25	the	the	DET
ftr-476	285	26	$	$	SYM
ftr-476	285	27	i00	i00	NOUN
ftr-476	285	28	of	of	ADP
ftr-476	285	29	gain	gain	NOUN
ftr-476	285	30	built	build	VERB
ftr-476	285	31	into	into	ADP
ftr-476	285	32	the	the	DET
ftr-476	285	33	land	land	NOUN
ftr-476	285	34	.	.	PUNCT
ftr-476	286	1	arguably	arguably	ADV
ftr-476	286	2	,	,	PUNCT
ftr-476	286	3	at	at	ADP
ftr-476	286	4	the	the	DET
ftr-476	286	5	moment	moment	NOUN
ftr-476	286	6	of	of	ADP
ftr-476	286	7	the	the	DET
ftr-476	286	8	transfer	transfer	NOUN
ftr-476	286	9	,	,	PUNCT
ftr-476	286	10	the	the	DET
ftr-476	286	11	land	land	NOUN
ftr-476	286	12	takes	take	VERB
ftr-476	286	13	a	a	DET
ftr-476	286	14	basis	basis	NOUN
ftr-476	286	15	of	of	ADP
ftr-476	286	16	$	$	SYM
ftr-476	286	17	100	100	NUM
ftr-476	286	18	to	to	ADP
ftr-476	286	19	t	t	PROPN
ftr-476	286	20	,	,	PUNCT
ftr-476	286	21	deriving	derive	VERB
ftr-476	286	22	from	from	ADP
ftr-476	286	23	the	the	DET
ftr-476	286	24	s100	s100	PROPN
ftr-476	286	25	gain	gain	NOUN
ftr-476	286	26	recognition	recognition	NOUN
ftr-476	286	27	.	.	PUNCT
ftr-476	287	1	in	in	ADP
ftr-476	287	2	contrast	contrast	NOUN
ftr-476	287	3	,	,	PUNCT
ftr-476	287	4	a	a	DET
ftr-476	287	5	taxpayer	taxpayer	NOUN
ftr-476	287	6	does	do	AUX
ftr-476	287	7	not	not	PART
ftr-476	287	8	realize	realize	VERB
ftr-476	287	9	gain	gain	NOUN
ftr-476	287	10	in	in	ADP
ftr-476	287	11	issuing	issue	VERB
ftr-476	287	12	an	an	DET
ftr-476	287	13	obligation	obligation	NOUN
ftr-476	287	14	,	,	PUNCT
ftr-476	287	15	and	and	CCONJ
ftr-476	287	16	therefore	therefore	ADV
ftr-476	287	17	can	can	AUX
ftr-476	287	18	not	not	PART
ftr-476	287	19	claim	claim	VERB
ftr-476	287	20	that	that	SCONJ
ftr-476	287	21	giving	give	VERB
ftr-476	287	22	the	the	DET
ftr-476	287	23	obligation	obligation	NOUN
ftr-476	287	24	invests	invest	VERB
ftr-476	287	25	it	it	PRON
ftr-476	287	26	with	with	ADP
ftr-476	287	27	basis	basis	NOUN
ftr-476	287	28	,	,	PUNCT
ftr-476	287	29	even	even	ADV
ftr-476	287	30	for	for	ADP
ftr-476	287	31	an	an	DET
ftr-476	287	32	instant	instant	NOUN
ftr-476	287	33	.	.	PUNCT
ftr-476	287	34	35	35	NUM
ftr-476	287	35	.	.	PUNCT
ftr-476	288	1	but	but	CCONJ
ftr-476	288	2	see	see	VERB
ftr-476	288	3	brewer	brewer	NOUN
ftr-476	288	4	,	,	PUNCT
ftr-476	288	5	supra	supra	PROPN
ftr-476	288	6	note	note	NOUN
ftr-476	288	7	2	2	NUM
ftr-476	288	8	.	.	PUNCT
ftr-476	289	1	at	at	ADP
ftr-476	289	2	459	459	NUM
ftr-476	289	3	.	.	PUNCT
ftr-476	290	1	36	36	NUM
ftr-476	290	2	.	.	PUNCT
ftr-476	291	1	see	see	VERB
ftr-476	291	2	commissioner	commissioner	NOUN
ftr-476	291	3	v.	v.	PROPN
ftr-476	291	4	glenshaw	glenshaw	PROPN
ftr-476	291	5	glass	glass	PROPN
ftr-476	291	6	co	co	NOUN
ftr-476	291	7	..	..	PROPN
ftr-476	291	8	348	348	NUM
ftr-476	291	9	u.s	u.s	PROPN
ftr-476	291	10	.	.	PROPN
ftr-476	291	11	426	426	NUM
ftr-476	291	12	t1955	t1955	NOUN
ftr-476	291	13	)	)	PUNCT
ftr-476	291	14	(	(	PUNCT
ftr-476	291	15	defining	define	VERB
ftr-476	291	16	income	income	NOUN
ftr-476	291	17	as	as	ADP
ftr-476	291	18	accession	accession	NOUN
ftr-476	291	19	to	to	ADP
ftr-476	291	20	wealth	wealth	NOUN
ftr-476	291	21	)	)	PUNCT
ftr-476	291	22	;	;	PUNCT
ftr-476	291	23	rev	rev	PROPN
ftr-476	291	24	.	.	PROPN
ftr-476	292	1	rul	rul	PROPN
ftr-476	292	2	.	.	PUNCT
ftr-476	293	1	72	72	NUM
ftr-476	293	2	-	-	SYM
ftr-476	293	3	2	2	NUM
ftr-476	293	4	.	.	NOUN
ftr-476	293	5	1972	1972	NUM
ftr-476	293	6	-	-	SYM
ftr-476	293	7	1	1	NUM
ftr-476	293	8	c.b	c.b	PROPN
ftr-476	293	9	.	.	PROPN
ftr-476	293	10	19	19	NUM
ftr-476	293	11	(	(	PUNCT
ftr-476	293	12	holding	hold	VERB
ftr-476	293	13	that	that	DET
ftr-476	293	14	taxpayer	taxpayer	NOUN
ftr-476	293	15	realized	realize	VERB
ftr-476	293	16	no	no	DET
ftr-476	293	17	income	income	NOUN
ftr-476	293	18	on	on	ADP
ftr-476	293	19	borrowing	borrow	VERB
ftr-476	293	20	money	money	NOUN
ftr-476	293	21	)	)	PUNCT
ftr-476	293	22	.	.	PUNCT
ftr-476	294	1	37	37	NUM
ftr-476	294	2	.	.	PUNCT
ftr-476	294	3	see	see	VERB
ftr-476	294	4	t.d	t.d	PROPN
ftr-476	294	5	.	.	PROPN
ftr-476	294	6	7741	7741	NUM
ftr-476	294	7	,	,	PUNCT
ftr-476	294	8	1981	1981	NUM
ftr-476	294	9	-	-	SYM
ftr-476	294	10	1	1	NUM
ftr-476	294	11	c.b	c.b	PROPN
ftr-476	294	12	.	.	PROPN
ftr-476	294	13	430	430	NUM
ftr-476	294	14	,	,	PUNCT
ftr-476	294	15	431	431	NUM
ftr-476	294	16	(	(	PUNCT
ftr-476	294	17	describing	describe	VERB
ftr-476	294	18	the	the	DET
ftr-476	294	19	§	§	PROPN
ftr-476	294	20	1001	1001	NUM
ftr-476	294	21	regulations	regulation	NOUN
ftr-476	294	22	,	,	PUNCT
ftr-476	294	23	and	and	CCONJ
ftr-476	294	24	declining	decline	VERB
ftr-476	294	25	to	to	PART
ftr-476	294	26	define	define	VERB
ftr-476	294	27	"	"	PUNCT
ftr-476	294	28	disposition	disposition	NOUN
ftr-476	294	29	"	"	PUNCT
ftr-476	294	30	as	as	ADP
ftr-476	294	31	being	be	AUX
ftr-476	294	32	beyond	beyond	ADP
ftr-476	294	33	the	the	DET
ftr-476	294	34	scope	scope	NOUN
ftr-476	294	35	of	of	ADP
ftr-476	294	36	§	§	PROPN
ftr-476	294	37	1001	1001	NUM
ftr-476	294	38	)	)	PUNCT
ftr-476	294	39	.	.	PUNCT
ftr-476	295	1	19941	19941	NUM
ftr-476	295	2	florida	florida	PROPN
ftr-476	295	3	tax	tax	PROPN
ftr-476	295	4	review	review	NOUN
ftr-476	295	5	most	most	ADV
ftr-476	295	6	importantly	importantly	ADV
ftr-476	295	7	,	,	PUNCT
ftr-476	295	8	as	as	SCONJ
ftr-476	295	9	i	i	PRON
ftr-476	295	10	have	have	AUX
ftr-476	295	11	argued	argue	VERB
ftr-476	295	12	elsewhere	elsewhere	ADV
ftr-476	295	13	,	,	PUNCT
ftr-476	295	14	38	38	NUM
ftr-476	295	15	basis	basis	NOUN
ftr-476	295	16	(	(	PUNCT
ftr-476	295	17	here	here	ADV
ftr-476	295	18	in	in	ADP
ftr-476	295	19	one	one	NUM
ftr-476	295	20	's	's	PART
ftr-476	295	21	obligation	obligation	NOUN
ftr-476	295	22	)	)	PUNCT
ftr-476	295	23	can	can	AUX
ftr-476	295	24	not	not	PART
ftr-476	295	25	be	be	AUX
ftr-476	295	26	created	create	VERB
ftr-476	295	27	without	without	ADP
ftr-476	295	28	a	a	DET
ftr-476	295	29	related	related	ADJ
ftr-476	295	30	income	income	NOUN
ftr-476	295	31	realization	realization	NOUN
ftr-476	295	32	,	,	PUNCT
ftr-476	295	33	immediate	immediate	ADJ
ftr-476	295	34	or	or	CCONJ
ftr-476	295	35	deferred	deferred	ADJ
ftr-476	295	36	,	,	PUNCT
ftr-476	295	37	either	either	CCONJ
ftr-476	295	38	by	by	ADP
ftr-476	295	39	the	the	DET
ftr-476	295	40	taxpayer	taxpayer	NOUN
ftr-476	295	41	or	or	CCONJ
ftr-476	295	42	an	an	DET
ftr-476	295	43	alter	alter	NOUN
ftr-476	295	44	ego	ego	NOUN
ftr-476	295	45	.	.	PUNCT
ftr-476	296	1	basis	basis	NOUN
ftr-476	296	2	in	in	ADP
ftr-476	296	3	property	property	NOUN
ftr-476	296	4	acquired	acquire	VERB
ftr-476	296	5	in	in	ADP
ftr-476	296	6	exchange	exchange	NOUN
ftr-476	296	7	for	for	ADP
ftr-476	296	8	a	a	DET
ftr-476	296	9	purchase	purchase	NOUN
ftr-476	296	10	money	money	NOUN
ftr-476	296	11	obligation	obligation	NOUN
ftr-476	296	12	does	do	AUX
ftr-476	296	13	not	not	PART
ftr-476	296	14	contradict	contradict	VERB
ftr-476	296	15	this	this	DET
ftr-476	296	16	principle	principle	NOUN
ftr-476	296	17	because	because	SCONJ
ftr-476	296	18	the	the	DET
ftr-476	296	19	cash	cash	NOUN
ftr-476	296	20	needed	need	VERB
ftr-476	296	21	to	to	PART
ftr-476	296	22	pay	pay	VERB
ftr-476	296	23	the	the	DET
ftr-476	296	24	obligation	obligation	NOUN
ftr-476	296	25	can	can	AUX
ftr-476	296	26	not	not	PART
ftr-476	296	27	be	be	AUX
ftr-476	296	28	acquired	acquire	VERB
ftr-476	296	29	without	without	ADP
ftr-476	296	30	recognition	recognition	NOUN
ftr-476	296	31	of	of	ADP
ftr-476	296	32	income	income	NOUN
ftr-476	296	33	,	,	PUNCT
ftr-476	296	34	when	when	SCONJ
ftr-476	296	35	the	the	DET
ftr-476	296	36	cash	cash	NOUN
ftr-476	296	37	is	be	AUX
ftr-476	296	38	received	receive	VERB
ftr-476	296	39	or	or	CCONJ
ftr-476	296	40	at	at	ADP
ftr-476	296	41	some	some	PRON
ftr-476	296	42	earlier	early	ADV
ftr-476	296	43	or	or	CCONJ
ftr-476	296	44	later	later	ADJ
ftr-476	296	45	time	time	NOUN
ftr-476	296	46	,	,	PUNCT
ftr-476	296	47	either	either	CCONJ
ftr-476	296	48	by	by	ADP
ftr-476	296	49	the	the	DET
ftr-476	296	50	taxpayer	taxpayer	NOUN
ftr-476	296	51	or	or	CCONJ
ftr-476	296	52	an	an	DET
ftr-476	296	53	alter	alter	NOUN
ftr-476	296	54	ego.39	ego.39	VERB
ftr-476	296	55	arguably	arguably	ADV
ftr-476	296	56	,	,	PUNCT
ftr-476	296	57	if	if	SCONJ
ftr-476	296	58	the	the	DET
ftr-476	296	59	transferor	transferor	NOUN
ftr-476	296	60	in	in	ADP
ftr-476	296	61	a	a	DET
ftr-476	296	62	section	section	NOUN
ftr-476	296	63	351	351	NUM
ftr-476	296	64	exchange	exchange	NOUN
ftr-476	296	65	issues	issue	NOUN
ftr-476	296	66	an	an	DET
ftr-476	296	67	obligation	obligation	NOUN
ftr-476	296	68	offsetting	offset	VERB
ftr-476	296	69	debt	debt	NOUN
ftr-476	296	70	assumed	assume	VERB
ftr-476	296	71	by	by	ADP
ftr-476	296	72	the	the	DET
ftr-476	296	73	corporation	corporation	NOUN
ftr-476	296	74	in	in	ADP
ftr-476	296	75	excess	excess	NOUN
ftr-476	296	76	of	of	ADP
ftr-476	296	77	the	the	DET
ftr-476	296	78	transferred	transfer	VERB
ftr-476	296	79	property	property	NOUN
ftr-476	296	80	's	's	PART
ftr-476	296	81	basis	basis	NOUN
ftr-476	296	82	,	,	PUNCT
ftr-476	296	83	the	the	DET
ftr-476	296	84	transferor	transferor	NOUN
ftr-476	296	85	should	should	AUX
ftr-476	296	86	not	not	PART
ftr-476	296	87	recognize	recognize	VERB
ftr-476	296	88	section	section	NOUN
ftr-476	296	89	357(c	357(c	PROPN
ftr-476	296	90	)	)	PUNCT
ftr-476	296	91	gain	gain	NOUN
ftr-476	296	92	,	,	PUNCT
ftr-476	296	93	by	by	ADP
ftr-476	296	94	virtue	virtue	NOUN
ftr-476	296	95	of	of	ADP
ftr-476	296	96	the	the	DET
ftr-476	296	97	same	same	ADJ
ftr-476	296	98	sort	sort	NOUN
ftr-476	296	99	of	of	ADP
ftr-476	296	100	advance	advance	NOUN
ftr-476	296	101	credit	credit	NOUN
ftr-476	296	102	for	for	ADP
ftr-476	296	103	anticipated	anticipate	VERB
ftr-476	296	104	future	future	ADJ
ftr-476	296	105	payment	payment	NOUN
ftr-476	296	106	that	that	SCONJ
ftr-476	296	107	a	a	DET
ftr-476	296	108	property	property	NOUN
ftr-476	296	109	purchaser	purchaser	NOUN
ftr-476	296	110	gets	get	VERB
ftr-476	296	111	in	in	ADP
ftr-476	296	112	the	the	DET
ftr-476	296	113	form	form	NOUN
ftr-476	296	114	of	of	ADP
ftr-476	296	115	basis	basis	NOUN
ftr-476	296	116	credit	credit	NOUN
ftr-476	296	117	.	.	PUNCT
ftr-476	297	1	that	that	DET
ftr-476	297	2	argument	argument	NOUN
ftr-476	297	3	has	have	VERB
ftr-476	297	4	force	force	NOUN
ftr-476	297	5	if	if	SCONJ
ftr-476	297	6	the	the	DET
ftr-476	297	7	transferor	transferor	NOUN
ftr-476	297	8	's	's	PART
ftr-476	297	9	obligation	obligation	NOUN
ftr-476	297	10	amounts	amount	VERB
ftr-476	297	11	to	to	ADP
ftr-476	297	12	a	a	DET
ftr-476	297	13	debt	debt	NOUN
ftr-476	297	14	retention	retention	NOUN
ftr-476	297	15	that	that	PRON
ftr-476	297	16	conforms	conform	VERB
ftr-476	297	17	with	with	ADP
ftr-476	297	18	the	the	DET
ftr-476	297	19	code	code	NOUN
ftr-476	297	20	's	's	PART
ftr-476	297	21	particularized	particularize	VERB
ftr-476	297	22	requirement	requirement	NOUN
ftr-476	297	23	in	in	ADP
ftr-476	297	24	section	section	NOUN
ftr-476	297	25	357(c	357(c	PROPN
ftr-476	297	26	)	)	PUNCT
ftr-476	297	27	,	,	PUNCT
ftr-476	297	28	which	which	PRON
ftr-476	297	29	asks	ask	VERB
ftr-476	297	30	:	:	PUNCT
ftr-476	297	31	has	have	AUX
ftr-476	297	32	the	the	DET
ftr-476	297	33	corporation	corporation	NOUN
ftr-476	297	34	assumed	assume	VERB
ftr-476	297	35	or	or	CCONJ
ftr-476	297	36	taken	take	VERB
ftr-476	297	37	property	property	NOUN
ftr-476	297	38	subject	subject	NOUN
ftr-476	297	39	to	to	ADP
ftr-476	297	40	the	the	DET
ftr-476	297	41	transferor	transferor	NOUN
ftr-476	297	42	's	's	PART
ftr-476	297	43	debts	debt	NOUN
ftr-476	297	44	?	?	PUNCT
ftr-476	298	1	if	if	SCONJ
ftr-476	298	2	it	it	PRON
ftr-476	298	3	has	have	VERB
ftr-476	298	4	,	,	PUNCT
ftr-476	298	5	it	it	PRON
ftr-476	298	6	appears	appear	VERB
ftr-476	298	7	that	that	SCONJ
ftr-476	298	8	congress	congress	PROPN
ftr-476	298	9	has	have	AUX
ftr-476	298	10	chosen	choose	VERB
ftr-476	298	11	(	(	PUNCT
ftr-476	298	12	as	as	SCONJ
ftr-476	298	13	discussed	discuss	VERB
ftr-476	298	14	in	in	ADP
ftr-476	298	15	part	part	NOUN
ftr-476	298	16	v	v	NOUN
ftr-476	298	17	)	)	PUNCT
ftr-476	298	18	to	to	PART
ftr-476	298	19	bifurcate	bifurcate	VERB
ftr-476	298	20	the	the	DET
ftr-476	298	21	transferor	transferor	NOUN
ftr-476	298	22	's	's	PART
ftr-476	298	23	obligation	obligation	NOUN
ftr-476	298	24	from	from	ADP
ftr-476	298	25	the	the	DET
ftr-476	298	26	section	section	NOUN
ftr-476	298	27	351/357	351/357	NUM
ftr-476	298	28	property	property	NOUN
ftr-476	298	29	exchange	exchange	NOUN
ftr-476	298	30	and	and	CCONJ
ftr-476	298	31	debt	debt	NOUN
ftr-476	298	32	assumption	assumption	NOUN
ftr-476	298	33	in	in	ADP
ftr-476	298	34	order	order	NOUN
ftr-476	298	35	to	to	PART
ftr-476	298	36	close	close	VERB
ftr-476	298	37	that	that	DET
ftr-476	298	38	transaction	transaction	NOUN
ftr-476	298	39	for	for	ADP
ftr-476	298	40	section	section	NOUN
ftr-476	298	41	357(c	357(c	PROPN
ftr-476	298	42	)	)	PUNCT
ftr-476	298	43	gain	gain	VERB
ftr-476	298	44	recognition	recognition	NOUN
ftr-476	298	45	purposes	purpose	NOUN
ftr-476	298	46	at	at	ADP
ftr-476	298	47	the	the	DET
ftr-476	298	48	time	time	NOUN
ftr-476	298	49	of	of	ADP
ftr-476	298	50	the	the	DET
ftr-476	298	51	transfer	transfer	NOUN
ftr-476	298	52	.	.	PUNCT
ftr-476	299	1	iv	iv	X
ftr-476	299	2	.	.	PUNCT
ftr-476	300	1	how	how	SCONJ
ftr-476	300	2	can	can	AUX
ftr-476	300	3	the	the	DET
ftr-476	300	4	lessinger	lessinger	ADJ
ftr-476	300	5	result	result	NOUN
ftr-476	300	6	be	be	AUX
ftr-476	300	7	justified	justify	VERB
ftr-476	300	8	?	?	PUNCT
ftr-476	301	1	a.	a.	NOUN
ftr-476	301	2	overview	overview	NOUN
ftr-476	301	3	on	on	ADP
ftr-476	301	4	the	the	DET
ftr-476	301	5	facts	fact	NOUN
ftr-476	301	6	of	of	ADP
ftr-476	301	7	lessinger	lessinger	NOUN
ftr-476	301	8	,	,	PUNCT
ftr-476	301	9	the	the	DET
ftr-476	301	10	code	code	NOUN
ftr-476	301	11	seems	seem	VERB
ftr-476	301	12	to	to	PART
ftr-476	301	13	require	require	VERB
ftr-476	301	14	gain	gain	NOUN
ftr-476	301	15	recognition	recognition	NOUN
ftr-476	301	16	in	in	ADP
ftr-476	301	17	a	a	DET
ftr-476	301	18	situation	situation	NOUN
ftr-476	301	19	where	where	SCONJ
ftr-476	301	20	the	the	DET
ftr-476	301	21	second	second	ADJ
ftr-476	301	22	circuit	circuit	NOUN
ftr-476	301	23	evidently	evidently	ADV
ftr-476	301	24	believed	believe	VERB
ftr-476	301	25	that	that	SCONJ
ftr-476	301	26	no	no	DET
ftr-476	301	27	income	income	NOUN
ftr-476	301	28	had	have	AUX
ftr-476	301	29	been	be	AUX
ftr-476	301	30	realized	realize	VERB
ftr-476	301	31	.	.	PUNCT
ftr-476	302	1	section	section	NOUN
ftr-476	302	2	357(c	357(c	PROPN
ftr-476	302	3	)	)	PUNCT
ftr-476	302	4	refers	refer	VERB
ftr-476	302	5	to	to	ADP
ftr-476	302	6	an	an	DET
ftr-476	302	7	exchange	exchange	NOUN
ftr-476	302	8	-	-	PUNCT
ftr-476	302	9	the	the	DET
ftr-476	302	10	section	section	NOUN
ftr-476	302	11	351	351	NUM
ftr-476	302	12	exchange	exchange	NOUN
ftr-476	302	13	-	-	PUNCT
ftr-476	302	14	that	that	SCONJ
ftr-476	302	15	the	the	DET
ftr-476	302	16	court	court	NOUN
ftr-476	302	17	found	find	VERB
ftr-476	302	18	to	to	PART
ftr-476	302	19	have	have	AUX
ftr-476	302	20	occurred	occur	VERB
ftr-476	302	21	.	.	PUNCT
ftr-476	303	1	the	the	DET
ftr-476	303	2	section	section	NOUN
ftr-476	303	3	further	far	ADV
ftr-476	303	4	refers	refer	VERB
ftr-476	303	5	to	to	ADP
ftr-476	303	6	the	the	DET
ftr-476	303	7	property	property	NOUN
ftr-476	303	8	transferred	transfer	VERB
ftr-476	303	9	in	in	ADP
ftr-476	303	10	that	that	DET
ftr-476	303	11	exchange	exchange	NOUN
ftr-476	303	12	,	,	PUNCT
ftr-476	303	13	its	its	PRON
ftr-476	303	14	basis	basis	NOUN
ftr-476	303	15	to	to	ADP
ftr-476	303	16	the	the	DET
ftr-476	303	17	transferor	transferor	NOUN
ftr-476	303	18	,	,	PUNCT
ftr-476	303	19	and	and	CCONJ
ftr-476	303	20	the	the	DET
ftr-476	303	21	liabilities	liability	NOUN
ftr-476	303	22	of	of	ADP
ftr-476	303	23	the	the	DET
ftr-476	303	24	transferor	transferor	NOUN
ftr-476	303	25	that	that	PRON
ftr-476	303	26	are	be	AUX
ftr-476	303	27	assumed	assume	VERB
ftr-476	303	28	or	or	CCONJ
ftr-476	303	29	taken	take	VERB
ftr-476	303	30	subject	subject	NOUN
ftr-476	303	31	to	to	ADP
ftr-476	303	32	by	by	ADP
ftr-476	303	33	the	the	DET
ftr-476	303	34	corporation	corporation	NOUN
ftr-476	303	35	.	.	PUNCT
ftr-476	304	1	this	this	DET
ftr-476	304	2	statutory	statutory	ADJ
ftr-476	304	3	language	language	NOUN
ftr-476	304	4	seems	seem	VERB
ftr-476	304	5	to	to	PART
ftr-476	304	6	make	make	VERB
ftr-476	304	7	no	no	DET
ftr-476	304	8	provision	provision	NOUN
ftr-476	304	9	for	for	ADP
ftr-476	304	10	an	an	DET
ftr-476	304	11	obligation	obligation	NOUN
ftr-476	304	12	issued	issue	VERB
ftr-476	304	13	by	by	ADP
ftr-476	304	14	the	the	DET
ftr-476	304	15	transferor	transferor	NOUN
ftr-476	304	16	unless	unless	SCONJ
ftr-476	304	17	the	the	DET
ftr-476	304	18	obligation	obligation	NOUN
ftr-476	304	19	is	be	AUX
ftr-476	304	20	property	property	NOUN
ftr-476	304	21	transferred	transfer	VERB
ftr-476	304	22	in	in	ADP
ftr-476	304	23	the	the	DET
ftr-476	304	24	exchange	exchange	NOUN
ftr-476	304	25	or	or	CCONJ
ftr-476	304	26	the	the	DET
ftr-476	304	27	obligation	obligation	NOUN
ftr-476	304	28	reduces	reduce	VERB
ftr-476	304	29	the	the	DET
ftr-476	304	30	liabilities	liability	NOUN
ftr-476	304	31	assumed	assume	VERB
ftr-476	304	32	or	or	CCONJ
ftr-476	304	33	to	to	PART
ftr-476	304	34	which	which	PRON
ftr-476	304	35	transferred	transfer	VERB
ftr-476	304	36	property	property	NOUN
ftr-476	304	37	is	be	AUX
ftr-476	304	38	subject	subject	ADJ
ftr-476	304	39	.	.	PUNCT
ftr-476	305	1	we	we	PRON
ftr-476	305	2	already	already	ADV
ftr-476	305	3	have	have	AUX
ftr-476	305	4	seen	see	VERB
ftr-476	305	5	that	that	SCONJ
ftr-476	305	6	treating	treat	VERB
ftr-476	305	7	the	the	DET
ftr-476	305	8	obligation	obligation	NOUN
ftr-476	305	9	as	as	ADP
ftr-476	305	10	property	property	NOUN
ftr-476	305	11	transferred	transfer	VERB
ftr-476	305	12	in	in	ADP
ftr-476	305	13	the	the	DET
ftr-476	305	14	section	section	NOUN
ftr-476	305	15	351	351	NUM
ftr-476	305	16	exchange	exchange	NOUN
ftr-476	305	17	is	be	AUX
ftr-476	305	18	illogical	illogical	ADJ
ftr-476	305	19	and	and	CCONJ
ftr-476	305	20	does	do	AUX
ftr-476	305	21	not	not	PART
ftr-476	305	22	eliminate	eliminate	VERB
ftr-476	305	23	the	the	DET
ftr-476	305	24	section	section	NOUN
ftr-476	305	25	357(c	357(c	PROPN
ftr-476	305	26	)	)	PUNCT
ftr-476	305	27	gain	gain	NOUN
ftr-476	305	28	because	because	SCONJ
ftr-476	305	29	the	the	DET
ftr-476	305	30	transferor	transferor	NOUN
ftr-476	305	31	/	/	SYM
ftr-476	305	32	obligor	obligor	NOUN
ftr-476	305	33	can	can	AUX
ftr-476	305	34	not	not	PART
ftr-476	305	35	have	have	VERB
ftr-476	305	36	a	a	DET
ftr-476	305	37	basis	basis	NOUN
ftr-476	305	38	for	for	ADP
ftr-476	305	39	the	the	DET
ftr-476	305	40	obligation	obligation	NOUN
ftr-476	305	41	.	.	PUNCT
ftr-476	306	1	for	for	ADP
ftr-476	306	2	section	section	NOUN
ftr-476	306	3	357(c	357(c	PROPN
ftr-476	306	4	)	)	PUNCT
ftr-476	306	5	purposes	purpose	NOUN
ftr-476	306	6	,	,	PUNCT
ftr-476	306	7	the	the	DET
ftr-476	306	8	obligation	obligation	NOUN
ftr-476	306	9	should	should	AUX
ftr-476	306	10	either	either	CCONJ
ftr-476	306	11	be	be	AUX
ftr-476	306	12	38	38	NUM
ftr-476	306	13	.	.	PUNCT
ftr-476	307	1	see	see	PROPN
ftr-476	307	2	cummings	cummings	PROPN
ftr-476	307	3	,	,	PUNCT
ftr-476	307	4	supra	supra	PROPN
ftr-476	307	5	note	note	NOUN
ftr-476	307	6	32	32	NUM
ftr-476	307	7	,	,	PUNCT
ftr-476	307	8	at	at	ADP
ftr-476	307	9	119	119	NUM
ftr-476	307	10	-	-	SYM
ftr-476	307	11	20	20	NUM
ftr-476	307	12	.	.	PUNCT
ftr-476	307	13	39	39	NUM
ftr-476	307	14	.	.	PUNCT
ftr-476	308	1	if	if	SCONJ
ftr-476	308	2	the	the	DET
ftr-476	308	3	property	property	NOUN
ftr-476	308	4	is	be	AUX
ftr-476	308	5	transferred	transfer	VERB
ftr-476	308	6	in	in	ADP
ftr-476	308	7	discharge	discharge	NOUN
ftr-476	308	8	of	of	ADP
ftr-476	308	9	the	the	DET
ftr-476	308	10	obligation	obligation	NOUN
ftr-476	308	11	,	,	PUNCT
ftr-476	308	12	the	the	DET
ftr-476	308	13	amount	amount	NOUN
ftr-476	308	14	of	of	ADP
ftr-476	308	15	the	the	DET
ftr-476	308	16	obligation	obligation	NOUN
ftr-476	308	17	is	be	AUX
ftr-476	308	18	included	include	VERB
ftr-476	308	19	in	in	ADP
ftr-476	308	20	determining	determine	VERB
ftr-476	308	21	gain	gain	NOUN
ftr-476	308	22	or	or	CCONJ
ftr-476	308	23	loss	loss	NOUN
ftr-476	308	24	on	on	ADP
ftr-476	308	25	the	the	DET
ftr-476	308	26	transfer	transfer	NOUN
ftr-476	308	27	.	.	PUNCT
ftr-476	309	1	see	see	VERB
ftr-476	309	2	regs	reg	NOUN
ftr-476	309	3	.	.	PUNCT
ftr-476	310	1	§	§	PROPN
ftr-476	310	2	1.1001	1.1001	NUM
ftr-476	310	3	-	-	SYM
ftr-476	310	4	2(c	2(c	NUM
ftr-476	310	5	)	)	PUNCT
ftr-476	310	6	ex	ex	X
ftr-476	310	7	.	.	NOUN
ftr-476	310	8	7	7	NUM
ftr-476	310	9	;	;	PUNCT
ftr-476	310	10	commissioner	commissioner	NOUN
ftr-476	310	11	v.	v.	PROPN
ftr-476	310	12	tufts	tuft	NOUN
ftr-476	310	13	,	,	PUNCT
ftr-476	310	14	461	461	NUM
ftr-476	310	15	u.s	u.s	PROPN
ftr-476	310	16	.	.	PROPN
ftr-476	310	17	300	300	NUM
ftr-476	310	18	(	(	PUNCT
ftr-476	310	19	1983	1983	NUM
ftr-476	310	20	)	)	PUNCT
ftr-476	310	21	.	.	PUNCT
ftr-476	311	1	[	[	X
ftr-476	311	2	vol	vol	NOUN
ftr-476	311	3	2:5	2:5	NUM
ftr-476	311	4	zero	zero	NUM
ftr-476	311	5	basis	basis	NOUN
ftr-476	311	6	hoar	hoar	NOUN
ftr-476	311	7	viewed	view	VERB
ftr-476	311	8	as	as	ADP
ftr-476	311	9	a	a	DET
ftr-476	311	10	bona	bona	ADJ
ftr-476	311	11	fide	fide	ADJ
ftr-476	311	12	obligation	obligation	NOUN
ftr-476	311	13	of	of	ADP
ftr-476	311	14	the	the	DET
ftr-476	311	15	transferor	transferor	NOUN
ftr-476	311	16	to	to	PART
ftr-476	311	17	retain	retain	VERB
ftr-476	311	18	debt	debt	NOUN
ftr-476	311	19	nominally	nominally	ADV
ftr-476	311	20	assumed	assume	VERB
ftr-476	311	21	or	or	CCONJ
ftr-476	311	22	taken	take	VERB
ftr-476	311	23	subject	subject	NOUN
ftr-476	311	24	to	to	ADP
ftr-476	311	25	by	by	ADP
ftr-476	311	26	the	the	DET
ftr-476	311	27	corporation	corporation	NOUN
ftr-476	311	28	or	or	CCONJ
ftr-476	311	29	viewed	view	VERB
ftr-476	311	30	as	as	ADP
ftr-476	311	31	extraneous	extraneous	ADJ
ftr-476	311	32	to	to	ADP
ftr-476	311	33	the	the	DET
ftr-476	311	34	section	section	NOUN
ftr-476	311	35	351	351	NUM
ftr-476	311	36	exchange	exchange	NOUN
ftr-476	311	37	(	(	PUNCT
ftr-476	311	38	because	because	SCONJ
ftr-476	311	39	it	it	PRON
ftr-476	311	40	is	be	AUX
ftr-476	311	41	not	not	PART
ftr-476	311	42	property	property	NOUN
ftr-476	311	43	)	)	PUNCT
ftr-476	311	44	.	.	PUNCT
ftr-476	312	1	if	if	SCONJ
ftr-476	312	2	it	it	PRON
ftr-476	312	3	is	be	AUX
ftr-476	312	4	viewed	view	VERB
ftr-476	312	5	as	as	ADP
ftr-476	312	6	a	a	DET
ftr-476	312	7	bona	bona	ADJ
ftr-476	312	8	fide	fide	ADJ
ftr-476	312	9	debt	debt	NOUN
ftr-476	312	10	retention	retention	NOUN
ftr-476	312	11	by	by	ADP
ftr-476	312	12	the	the	DET
ftr-476	312	13	transferor	transferor	NOUN
ftr-476	312	14	,	,	PUNCT
ftr-476	312	15	it	it	PRON
ftr-476	312	16	can	can	AUX
ftr-476	312	17	reduce	reduce	VERB
ftr-476	312	18	the	the	DET
ftr-476	312	19	liabilities	liability	NOUN
ftr-476	312	20	assumed	assume	VERB
ftr-476	312	21	or	or	CCONJ
ftr-476	312	22	taken	take	VERB
ftr-476	312	23	subject	subject	NOUN
ftr-476	312	24	to	to	ADP
ftr-476	312	25	,	,	PUNCT
ftr-476	312	26	which	which	PRON
ftr-476	312	27	can	can	AUX
ftr-476	312	28	reduce	reduce	VERB
ftr-476	312	29	the	the	DET
ftr-476	312	30	section	section	NOUN
ftr-476	312	31	357(c	357(c	PROPN
ftr-476	312	32	)	)	PUNCT
ftr-476	312	33	gain	gain	NOUN
ftr-476	312	34	and	and	CCONJ
ftr-476	312	35	reduce	reduce	VERB
ftr-476	312	36	the	the	DET
ftr-476	312	37	stock	stock	NOUN
ftr-476	312	38	basis	basis	NOUN
ftr-476	312	39	reduction	reduction	NOUN
ftr-476	312	40	that	that	PRON
ftr-476	312	41	otherwise	otherwise	ADV
ftr-476	312	42	would	would	AUX
ftr-476	312	43	occur	occur	VERB
ftr-476	312	44	under	under	ADP
ftr-476	312	45	section	section	NOUN
ftr-476	312	46	358(d	358(d	PROPN
ftr-476	312	47	)	)	PUNCT
ftr-476	312	48	.	.	PUNCT
ftr-476	313	1	however	however	ADV
ftr-476	313	2	,	,	PUNCT
ftr-476	313	3	the	the	DET
ftr-476	313	4	alternative	alternative	ADJ
ftr-476	313	5	cash	cash	NOUN
ftr-476	313	6	analogy	analogy	NOUN
ftr-476	313	7	justification	justification	NOUN
ftr-476	313	8	for	for	ADP
ftr-476	313	9	giving	give	VERB
ftr-476	313	10	effect	effect	NOUN
ftr-476	313	11	to	to	ADP
ftr-476	313	12	a	a	DET
ftr-476	313	13	transferor	transferor	NOUN
ftr-476	313	14	's	's	PART
ftr-476	313	15	obligation	obligation	NOUN
ftr-476	313	16	is	be	AUX
ftr-476	313	17	not	not	PART
ftr-476	313	18	satisfactory	satisfactory	ADJ
ftr-476	313	19	.	.	PUNCT
ftr-476	314	1	b.	b.	VERB
ftr-476	315	1	the	the	DET
ftr-476	315	2	cash	cash	NOUN
ftr-476	315	3	analogy	analogy	NOUN
ftr-476	315	4	it	it	PRON
ftr-476	315	5	has	have	AUX
ftr-476	315	6	been	be	AUX
ftr-476	315	7	argued	argue	VERB
ftr-476	315	8	that	that	SCONJ
ftr-476	315	9	"	"	PUNCT
ftr-476	315	10	a	a	DET
ftr-476	315	11	buyer	buyer	NOUN
ftr-476	315	12	who	who	PRON
ftr-476	315	13	acquires	acquire	VERB
ftr-476	315	14	property	property	NOUN
ftr-476	315	15	with	with	ADP
ftr-476	315	16	seller	seller	NOUN
ftr-476	315	17	financing	financing	NOUN
ftr-476	315	18	is	be	AUX
ftr-476	315	19	effectively	effectively	ADV
ftr-476	315	20	treated	treat	VERB
ftr-476	315	21	as	as	SCONJ
ftr-476	315	22	if	if	SCONJ
ftr-476	315	23	she	she	PRON
ftr-476	315	24	had	have	AUX
ftr-476	315	25	borrowed	borrow	VERB
ftr-476	315	26	the	the	DET
ftr-476	315	27	financed	finance	VERB
ftr-476	315	28	amount	amount	NOUN
ftr-476	315	29	from	from	ADP
ftr-476	315	30	the	the	DET
ftr-476	315	31	seller	seller	NOUN
ftr-476	315	32	and	and	CCONJ
ftr-476	315	33	then	then	ADV
ftr-476	315	34	paid	pay	VERB
ftr-476	315	35	it	it	PRON
ftr-476	315	36	to	to	ADP
ftr-476	315	37	the	the	DET
ftr-476	315	38	seller	seller	NOUN
ftr-476	315	39	in	in	ADP
ftr-476	315	40	cash	cash	NOUN
ftr-476	315	41	.	.	PUNCT
ftr-476	315	42	"	"	PUNCT
ftr-476	316	1	"	"	PUNCT
ftr-476	316	2	'	'	PUNCT
ftr-476	316	3	recharacterizing	recharacterize	VERB
ftr-476	316	4	the	the	DET
ftr-476	316	5	lessinger	lessinger	ADJ
ftr-476	316	6	transaction	transaction	NOUN
ftr-476	316	7	in	in	ADP
ftr-476	316	8	this	this	DET
ftr-476	316	9	way	way	NOUN
ftr-476	316	10	-	-	PUNCT
ftr-476	316	11	as	as	SCONJ
ftr-476	316	12	though	though	SCONJ
ftr-476	316	13	sol	sol	NOUN
ftr-476	316	14	had	have	AUX
ftr-476	316	15	borrowed	borrow	VERB
ftr-476	316	16	cash	cash	NOUN
ftr-476	316	17	from	from	ADP
ftr-476	316	18	the	the	DET
ftr-476	316	19	corporation	corporation	NOUN
ftr-476	316	20	equal	equal	ADJ
ftr-476	316	21	to	to	ADP
ftr-476	316	22	the	the	DET
ftr-476	316	23	amount	amount	NOUN
ftr-476	316	24	of	of	ADP
ftr-476	316	25	his	his	PRON
ftr-476	316	26	obligation	obligation	NOUN
ftr-476	316	27	and	and	CCONJ
ftr-476	316	28	had	have	AUX
ftr-476	316	29	included	include	VERB
ftr-476	316	30	this	this	DET
ftr-476	316	31	cash	cash	NOUN
ftr-476	316	32	among	among	ADP
ftr-476	316	33	the	the	DET
ftr-476	316	34	property	property	NOUN
ftr-476	316	35	transferred	transfer	VERB
ftr-476	316	36	to	to	ADP
ftr-476	316	37	the	the	DET
ftr-476	316	38	corporation	corporation	NOUN
ftr-476	316	39	-	-	PUNCT
ftr-476	316	40	would	would	AUX
ftr-476	316	41	avoid	avoid	VERB
ftr-476	316	42	section	section	NOUN
ftr-476	316	43	357(c	357(c	PROPN
ftr-476	316	44	)	)	PUNCT
ftr-476	316	45	by	by	ADP
ftr-476	316	46	increasing	increase	VERB
ftr-476	316	47	the	the	DET
ftr-476	316	48	basis	basis	NOUN
ftr-476	316	49	end	end	NOUN
ftr-476	316	50	of	of	ADP
ftr-476	316	51	the	the	DET
ftr-476	316	52	debt	debt	NOUN
ftr-476	316	53	-	-	PUNCT
ftr-476	316	54	in	in	ADP
ftr-476	316	55	-	-	PUNCT
ftr-476	316	56	excess	excess	NOUN
ftr-476	316	57	-	-	PUNCT
ftr-476	316	58	of	of	ADP
ftr-476	316	59	-	-	PUNCT
ftr-476	316	60	basis	basis	NOUN
ftr-476	316	61	computation	computation	NOUN
ftr-476	316	62	by	by	ADP
ftr-476	316	63	the	the	DET
ftr-476	316	64	amount	amount	NOUN
ftr-476	316	65	of	of	ADP
ftr-476	316	66	cash	cash	NOUN
ftr-476	316	67	so	so	ADV
ftr-476	316	68	deemed	deem	VERB
ftr-476	316	69	transferred	transfer	VERB
ftr-476	316	70	.	.	PUNCT
ftr-476	317	1	however	however	ADV
ftr-476	317	2	,	,	PUNCT
ftr-476	317	3	this	this	DET
ftr-476	317	4	analogy	analogy	NOUN
ftr-476	317	5	does	do	AUX
ftr-476	317	6	not	not	PART
ftr-476	317	7	provide	provide	VERB
ftr-476	317	8	a	a	DET
ftr-476	317	9	reasoned	reasoned	ADJ
ftr-476	317	10	basis	basis	NOUN
ftr-476	317	11	for	for	ADP
ftr-476	317	12	the	the	DET
ftr-476	317	13	result	result	NOUN
ftr-476	317	14	in	in	ADP
ftr-476	317	15	lessinger.41	lessinger.41	NOUN
ftr-476	317	16	'	'	PUNCT
ftr-476	317	17	the	the	DET
ftr-476	317	18	issuance	issuance	NOUN
ftr-476	317	19	of	of	ADP
ftr-476	317	20	a	a	DET
ftr-476	317	21	note	note	NOUN
ftr-476	317	22	for	for	ADP
ftr-476	317	23	property	property	NOUN
ftr-476	317	24	is	be	AUX
ftr-476	317	25	treated	treat	VERB
ftr-476	317	26	for	for	ADP
ftr-476	317	27	some	some	DET
ftr-476	317	28	computational	computational	ADJ
ftr-476	317	29	and	and	CCONJ
ftr-476	317	30	illustrative	illustrative	ADJ
ftr-476	317	31	purposes	purpose	NOUN
ftr-476	317	32	like	like	ADP
ftr-476	317	33	borrowing	borrow	VERB
ftr-476	317	34	cash	cash	NOUN
ftr-476	317	35	from	from	ADP
ftr-476	317	36	the	the	DET
ftr-476	317	37	seller	seller	NOUN
ftr-476	317	38	and	and	CCONJ
ftr-476	317	39	paying	pay	VERB
ftr-476	317	40	the	the	DET
ftr-476	317	41	cash	cash	NOUN
ftr-476	317	42	back.42	back.42	NOUN
ftr-476	317	43	for	for	ADP
ftr-476	317	44	example	example	NOUN
ftr-476	317	45	,	,	PUNCT
ftr-476	317	46	in	in	ADP
ftr-476	317	47	its	its	PRON
ftr-476	317	48	often	often	ADV
ftr-476	317	49	-	-	PUNCT
ftr-476	317	50	cited	cite	VERB
ftr-476	317	51	decision	decision	NOUN
ftr-476	317	52	in	in	ADP
ftr-476	317	53	mayerson	mayerson	PROPN
ftr-476	317	54	v.	v.	PROPN
ftr-476	317	55	commissioner	commissioner	PROPN
ftr-476	317	56	,	,	PUNCT
ftr-476	317	57	u	u	PROPN
ftr-476	317	58	the	the	DET
ftr-476	317	59	tax	tax	NOUN
ftr-476	317	60	court	court	NOUN
ftr-476	317	61	stated	state	VERB
ftr-476	317	62	that	that	SCONJ
ftr-476	317	63	a	a	DET
ftr-476	317	64	purchaser	purchaser	NOUN
ftr-476	317	65	giving	give	VERB
ftr-476	317	66	purchase	purchase	NOUN
ftr-476	317	67	money	money	NOUN
ftr-476	317	68	debt	debt	NOUN
ftr-476	317	69	should	should	AUX
ftr-476	317	70	get	get	VERB
ftr-476	317	71	the	the	DET
ftr-476	317	72	same	same	ADJ
ftr-476	317	73	basis	basis	NOUN
ftr-476	317	74	in	in	ADP
ftr-476	317	75	the	the	DET
ftr-476	317	76	acquired	acquire	VERB
ftr-476	317	77	property	property	NOUN
ftr-476	317	78	as	as	ADP
ftr-476	317	79	one	one	NUM
ftr-476	317	80	who	who	PRON
ftr-476	317	81	borrowed	borrow	VERB
ftr-476	317	82	from	from	ADP
ftr-476	317	83	a	a	DET
ftr-476	317	84	third	third	ADJ
ftr-476	317	85	party	party	NOUN
ftr-476	317	86	in	in	ADP
ftr-476	317	87	order	order	NOUN
ftr-476	317	88	to	to	PART
ftr-476	317	89	pay	pay	VERB
ftr-476	317	90	cash	cash	NOUN
ftr-476	317	91	for	for	ADP
ftr-476	317	92	property	property	NOUN
ftr-476	317	93	.	.	PUNCT
ftr-476	318	1	the	the	DET
ftr-476	318	2	policy	policy	NOUN
ftr-476	318	3	at	at	ADP
ftr-476	318	4	work	work	NOUN
ftr-476	318	5	in	in	ADP
ftr-476	318	6	mayerson	mayerson	NOUN
ftr-476	318	7	,	,	PUNCT
ftr-476	318	8	however	however	ADV
ftr-476	318	9	,	,	PUNCT
ftr-476	318	10	is	be	AUX
ftr-476	318	11	that	that	SCONJ
ftr-476	318	12	debt	debt	NOUN
ftr-476	318	13	gives	give	VERB
ftr-476	318	14	basis	basis	NOUN
ftr-476	318	15	because	because	SCONJ
ftr-476	318	16	the	the	DET
ftr-476	318	17	law	law	NOUN
ftr-476	318	18	assumes	assume	VERB
ftr-476	318	19	it	it	PRON
ftr-476	318	20	will	will	AUX
ftr-476	318	21	be	be	AUX
ftr-476	318	22	paid	pay	VERB
ftr-476	318	23	;	;	PUNCT
ftr-476	318	24	'	'	PUNCT
ftr-476	318	25	the	the	DET
ftr-476	318	26	cash	cash	NOUN
ftr-476	318	27	analogy	analogy	NOUN
ftr-476	318	28	is	be	AUX
ftr-476	318	29	a	a	DET
ftr-476	318	30	mere	mere	ADJ
ftr-476	318	31	illustration	illustration	NOUN
ftr-476	318	32	.	.	PUNCT
ftr-476	319	1	furthermore	furthermore	ADV
ftr-476	319	2	,	,	PUNCT
ftr-476	319	3	as	as	SCONJ
ftr-476	319	4	applied	apply	VERB
ftr-476	319	5	in	in	ADP
ftr-476	319	6	lessinger	lessinger	NOUN
ftr-476	319	7	,	,	PUNCT
ftr-476	319	8	the	the	DET
ftr-476	319	9	cash	cash	NOUN
ftr-476	319	10	analogy	analogy	NOUN
ftr-476	319	11	runs	run	VERB
ftr-476	319	12	counter	counter	ADV
ftr-476	319	13	to	to	ADP
ftr-476	319	14	the	the	DET
ftr-476	319	15	fundamental	fundamental	ADJ
ftr-476	319	16	(	(	PUNCT
ftr-476	319	17	if	if	SCONJ
ftr-476	319	18	sometimes	sometimes	ADV
ftr-476	319	19	conflicting	conflict	VERB
ftr-476	319	20	)	)	PUNCT
ftr-476	319	21	principles	principle	NOUN
ftr-476	319	22	of	of	ADP
ftr-476	319	23	integrating	integrate	VERB
ftr-476	319	24	step	step	NOUN
ftr-476	319	25	transactions,45	transactions,45	NOUN
ftr-476	319	26	seeking	seek	VERB
ftr-476	319	27	substance	substance	NOUN
ftr-476	319	28	over	over	ADP
ftr-476	319	29	form,46	form,46	NOUN
ftr-476	319	30	holding	hold	VERB
ftr-476	319	31	taxpayers	taxpayer	NOUN
ftr-476	319	32	to	to	ADP
ftr-476	319	33	their	their	PRON
ftr-476	319	34	40	40	NUM
ftr-476	319	35	.	.	PUNCT
ftr-476	320	1	fleming	fleming	PROPN
ftr-476	320	2	,	,	PUNCT
ftr-476	320	3	supra	supra	PROPN
ftr-476	320	4	note	note	NOUN
ftr-476	320	5	2	2	NUM
ftr-476	320	6	,	,	PUNCT
ftr-476	320	7	at	at	ADP
ftr-476	320	8	812	812	NUM
ftr-476	320	9	.	.	NOUN
ftr-476	320	10	41	41	NUM
ftr-476	320	11	.	.	PUNCT
ftr-476	321	1	see	see	VERB
ftr-476	321	2	generally	generally	ADV
ftr-476	321	3	cummings	cummings	PROPN
ftr-476	321	4	.	.	PUNCT
ftr-476	322	1	supra	supra	PROPN
ftr-476	322	2	note	note	PROPN
ftr-476	322	3	32	32	NUM
ftr-476	322	4	.	.	PUNCT
ftr-476	323	1	at	at	ADP
ftr-476	323	2	143	143	NUM
ftr-476	323	3	-	-	SYM
ftr-476	323	4	52	52	NUM
ftr-476	323	5	(	(	PUNCT
ftr-476	323	6	discussing	discuss	VERB
ftr-476	323	7	and	and	CCONJ
ftr-476	323	8	rejecting	reject	VERB
ftr-476	323	9	the	the	DET
ftr-476	323	10	cash	cash	NOUN
ftr-476	323	11	analogy	analogy	NOUN
ftr-476	323	12	as	as	SCONJ
ftr-476	323	13	used	use	VERB
ftr-476	323	14	to	to	PART
ftr-476	323	15	explain	explain	VERB
ftr-476	323	16	certain	certain	ADJ
ftr-476	323	17	deductions	deduction	NOUN
ftr-476	323	18	allowed	allow	VERB
ftr-476	323	19	to	to	ADP
ftr-476	323	20	corporations	corporation	NOUN
ftr-476	323	21	on	on	ADP
ftr-476	323	22	issuing	issue	VERB
ftr-476	323	23	their	their	PRON
ftr-476	323	24	own	own	ADJ
ftr-476	323	25	stock	stock	NOUN
ftr-476	323	26	)	)	PUNCT
ftr-476	323	27	.	.	PUNCT
ftr-476	324	1	see	see	VERB
ftr-476	324	2	also	also	ADV
ftr-476	324	3	brewer	brewer	PROPN
ftr-476	324	4	ii	ii	PROPN
ftr-476	324	5	,	,	PUNCT
ftr-476	324	6	supra	supra	PROPN
ftr-476	324	7	note	note	NOUN
ftr-476	324	8	2	2	NUM
ftr-476	324	9	,	,	PUNCT
ftr-476	324	10	at	at	ADP
ftr-476	324	11	1617	1617	NUM
ftr-476	324	12	(	(	PUNCT
ftr-476	324	13	agreeing	agree	VERB
ftr-476	324	14	that	that	SCONJ
ftr-476	324	15	the	the	DET
ftr-476	324	16	cash	cash	NOUN
ftr-476	324	17	analogy	analogy	NOUN
ftr-476	324	18	does	do	AUX
ftr-476	324	19	not	not	PART
ftr-476	324	20	provide	provide	VERB
ftr-476	324	21	a	a	DET
ftr-476	324	22	sound	sound	ADJ
ftr-476	324	23	basis	basis	NOUN
ftr-476	324	24	for	for	ADP
ftr-476	324	25	the	the	DET
ftr-476	324	26	lessinger	lessinger	ADJ
ftr-476	324	27	result	result	NOUN
ftr-476	324	28	)	)	PUNCT
ftr-476	324	29	.	.	PUNCT
ftr-476	325	1	42	42	NUM
ftr-476	325	2	.	.	PUNCT
ftr-476	326	1	see	see	VERB
ftr-476	326	2	,	,	PUNCT
ftr-476	326	3	e.g.	e.g.	ADV
ftr-476	326	4	,	,	PUNCT
ftr-476	326	5	commissioner	commissioner	NOUN
ftr-476	326	6	v.	v.	ADP
ftr-476	326	7	tufts	tuft	NOUN
ftr-476	326	8	.	.	PUNCT
ftr-476	327	1	461	461	NUM
ftr-476	327	2	u.s	u.s	PROPN
ftr-476	327	3	.	.	PROPN
ftr-476	327	4	300	300	NUM
ftr-476	327	5	,	,	PUNCT
ftr-476	327	6	312	312	NUM
ftr-476	327	7	(	(	PUNCT
ftr-476	327	8	1983	1983	NUM
ftr-476	327	9	)	)	PUNCT
ftr-476	327	10	(	(	PUNCT
ftr-476	327	11	using	use	VERB
ftr-476	327	12	an	an	DET
ftr-476	327	13	"	"	PUNCT
ftr-476	327	14	'	'	PUNCT
ftr-476	327	15	as	as	SCONJ
ftr-476	327	16	if	if	SCONJ
ftr-476	327	17	cash	cash	NOUN
ftr-476	327	18	"	"	PUNCT
ftr-476	327	19	analogy	analogy	NOUN
ftr-476	327	20	to	to	PART
ftr-476	327	21	support	support	VERB
ftr-476	327	22	a	a	DET
ftr-476	327	23	decision	decision	NOUN
ftr-476	327	24	made	make	VERB
ftr-476	327	25	on	on	ADP
ftr-476	327	26	other	other	ADJ
ftr-476	327	27	grounds	ground	NOUN
ftr-476	327	28	):	):	PUNCT
ftr-476	327	29	united	united	PROPN
ftr-476	327	30	states	states	PROPN
ftr-476	327	31	v.	v.	ADP
ftr-476	327	32	hendler	hendler	PROPN
ftr-476	327	33	,	,	PUNCT
ftr-476	327	34	303	303	NUM
ftr-476	327	35	u.s	u.s	PROPN
ftr-476	327	36	.	.	PROPN
ftr-476	327	37	564	564	NUM
ftr-476	327	38	,	,	PUNCT
ftr-476	327	39	566	566	NUM
ftr-476	327	40	(	(	PUNCT
ftr-476	327	41	1938	1938	NUM
ftr-476	327	42	)	)	PUNCT
ftr-476	327	43	(	(	PUNCT
ftr-476	327	44	"	"	PUNCT
ftr-476	327	45	its	its	PRON
ftr-476	327	46	gain	gain	NOUN
ftr-476	327	47	was	be	AUX
ftr-476	327	48	as	as	ADV
ftr-476	327	49	real	real	ADJ
ftr-476	327	50	and	and	CCONJ
ftr-476	327	51	substantial	substantial	ADJ
ftr-476	327	52	as	as	SCONJ
ftr-476	327	53	if	if	SCONJ
ftr-476	327	54	the	the	DET
ftr-476	327	55	money	money	NOUN
ftr-476	327	56	had	have	AUX
ftr-476	327	57	been	be	AUX
ftr-476	327	58	paid	pay	VERB
ftr-476	327	59	it	it	PRON
ftr-476	327	60	and	and	CCONJ
ftr-476	327	61	then	then	ADV
ftr-476	327	62	paid	pay	VERB
ftr-476	327	63	over	over	ADP
ftr-476	327	64	by	by	ADP
ftr-476	327	65	it	it	PRON
ftr-476	327	66	to	to	ADP
ftr-476	327	67	its	its	PRON
ftr-476	327	68	creditors	creditor	NOUN
ftr-476	327	69	.	.	PUNCT
ftr-476	327	70	"	"	PUNCT
ftr-476	327	71	)	)	PUNCT
ftr-476	328	1	43	43	NUM
ftr-476	328	2	.	.	PUNCT
ftr-476	329	1	47	47	NUM
ftr-476	329	2	t.c	t.c	PROPN
ftr-476	329	3	.	.	PROPN
ftr-476	329	4	340	340	NUM
ftr-476	329	5	,	,	PUNCT
ftr-476	329	6	349	349	NUM
ftr-476	329	7	(	(	PUNCT
ftr-476	329	8	1966	1966	NUM
ftr-476	329	9	)	)	PUNCT
ftr-476	329	10	.	.	PUNCT
ftr-476	330	1	acq	acq	PROPN
ftr-476	330	2	.	.	PROPN
ftr-476	330	3	,	,	PUNCT
ftr-476	330	4	1969	1969	NUM
ftr-476	330	5	-	-	SYM
ftr-476	330	6	2	2	NUM
ftr-476	330	7	c.b	c.b	PROPN
ftr-476	330	8	.	.	PROPN
ftr-476	330	9	xxiv	xxiv	PROPN
ftr-476	330	10	.	.	PUNCT
ftr-476	331	1	44	44	NUM
ftr-476	331	2	.	.	PUNCT
ftr-476	332	1	mayerson	mayerson	PROPN
ftr-476	332	2	,	,	PUNCT
ftr-476	332	3	47	47	NUM
ftr-476	332	4	t.c	t.c	PROPN
ftr-476	332	5	.	.	PUNCT
ftr-476	333	1	at	at	ADP
ftr-476	333	2	349	349	NUM
ftr-476	333	3	,	,	PUNCT
ftr-476	333	4	352	352	NUM
ftr-476	333	5	.	.	NOUN
ftr-476	333	6	45	45	NUM
ftr-476	333	7	.	.	PUNCT
ftr-476	334	1	see	see	VERB
ftr-476	334	2	bittker	bittker	NOUN
ftr-476	334	3	&	&	CCONJ
ftr-476	334	4	eustice	eustice	PROPN
ftr-476	334	5	,	,	PUNCT
ftr-476	334	6	supra	supra	PROPN
ftr-476	334	7	note	note	NOUN
ftr-476	334	8	16	16	NUM
ftr-476	334	9	.	.	PUNCT
ftr-476	335	1	at	at	ADP
ftr-476	335	2	i	i	PRON
ftr-476	335	3	1.051211d1	1.051211d1	NUM
ftr-476	335	4	.	.	PROPN
ftr-476	335	5	19941	19941	NUM
ftr-476	336	1	florida	florida	PROPN
ftr-476	336	2	tax	tax	PROPN
ftr-476	336	3	review	review	NOUN
ftr-476	336	4	chosen	choose	VERB
ftr-476	336	5	forms	form	NOUN
ftr-476	336	6	,	,	PUNCT
ftr-476	336	7	4	4	NUM
ftr-476	336	8	7	7	NUM
ftr-476	336	9	rejecting	reject	VERB
ftr-476	336	10	transitory	transitory	ADJ
ftr-476	336	11	steps	step	NOUN
ftr-476	336	12	(	(	PUNCT
ftr-476	336	13	particularly	particularly	ADV
ftr-476	336	14	in	in	ADP
ftr-476	336	15	borrowing	borrowing	NOUN
ftr-476	336	16	transactions),4	transactions),4	PROPN
ftr-476	336	17	"	"	PUNCT
ftr-476	336	18	and	and	CCONJ
ftr-476	336	19	rejecting	reject	VERB
ftr-476	336	20	conduct	conduct	NOUN
ftr-476	336	21	not	not	PART
ftr-476	336	22	undertaken	undertake	VERB
ftr-476	336	23	for	for	ADP
ftr-476	336	24	a	a	DET
ftr-476	336	25	business	business	NOUN
ftr-476	336	26	purpose.49	purpose.49	NOUN
ftr-476	336	27	in	in	ADP
ftr-476	336	28	fact	fact	NOUN
ftr-476	336	29	,	,	PUNCT
ftr-476	336	30	there	there	PRON
ftr-476	336	31	was	be	VERB
ftr-476	336	32	no	no	DET
ftr-476	336	33	cash	cash	NOUN
ftr-476	336	34	;	;	PUNCT
ftr-476	336	35	the	the	DET
ftr-476	336	36	corporation	corporation	NOUN
ftr-476	336	37	may	may	AUX
ftr-476	336	38	not	not	PART
ftr-476	336	39	have	have	AUX
ftr-476	336	40	had	have	VERB
ftr-476	336	41	cash	cash	NOUN
ftr-476	336	42	that	that	PRON
ftr-476	336	43	it	it	PRON
ftr-476	336	44	could	could	AUX
ftr-476	336	45	have	have	AUX
ftr-476	336	46	loaned	loan	VERB
ftr-476	336	47	,	,	PUNCT
ftr-476	336	48	and	and	CCONJ
ftr-476	336	49	sol	sol	NOUN
ftr-476	336	50	may	may	AUX
ftr-476	336	51	not	not	PART
ftr-476	336	52	have	have	AUX
ftr-476	336	53	been	be	AUX
ftr-476	336	54	able	able	ADJ
ftr-476	336	55	to	to	PART
ftr-476	336	56	borrow	borrow	VERB
ftr-476	336	57	from	from	ADP
ftr-476	336	58	another	another	DET
ftr-476	336	59	partyi	partyi	NOUN
ftr-476	336	60	0	0	PUNCT
ftr-476	337	1	the	the	DET
ftr-476	337	2	substance	substance	NOUN
ftr-476	337	3	in	in	ADP
ftr-476	337	4	lessinger	lessinger	ADJ
ftr-476	337	5	is	be	AUX
ftr-476	337	6	the	the	DET
ftr-476	337	7	form	form	NOUN
ftr-476	337	8	:	:	PUNCT
ftr-476	337	9	sol	sol	NOUN
ftr-476	337	10	promised	promise	VERB
ftr-476	337	11	to	to	PART
ftr-476	337	12	pay	pay	VERB
ftr-476	337	13	the	the	DET
ftr-476	337	14	corporation	corporation	NOUN
ftr-476	337	15	in	in	ADP
ftr-476	337	16	the	the	DET
ftr-476	337	17	future	future	NOUN
ftr-476	337	18	.	.	PUNCT
ftr-476	337	19	"	"	PUNCT
ftr-476	338	1	a	a	DET
ftr-476	338	2	variation	variation	NOUN
ftr-476	338	3	of	of	ADP
ftr-476	338	4	the	the	DET
ftr-476	338	5	cash	cash	NOUN
ftr-476	338	6	analogy	analogy	NOUN
ftr-476	338	7	is	be	AUX
ftr-476	338	8	the	the	DET
ftr-476	338	9	argument	argument	NOUN
ftr-476	338	10	that	that	SCONJ
ftr-476	338	11	the	the	DET
ftr-476	338	12	transferor	transferor	NOUN
ftr-476	338	13	should	should	AUX
ftr-476	338	14	get	get	VERB
ftr-476	338	15	the	the	DET
ftr-476	338	16	same	same	ADJ
ftr-476	338	17	result	result	NOUN
ftr-476	338	18	from	from	ADP
ftr-476	338	19	issuing	issue	VERB
ftr-476	338	20	a	a	DET
ftr-476	338	21	note	note	NOUN
ftr-476	338	22	to	to	ADP
ftr-476	338	23	the	the	DET
ftr-476	338	24	corporation	corporation	NOUN
ftr-476	338	25	as	as	ADP
ftr-476	338	26	from	from	ADP
ftr-476	338	27	borrowing	borrow	VERB
ftr-476	338	28	the	the	DET
ftr-476	338	29	cash	cash	NOUN
ftr-476	338	30	from	from	ADP
ftr-476	338	31	a	a	DET
ftr-476	338	32	third	third	ADJ
ftr-476	338	33	person	person	NOUN
ftr-476	338	34	and	and	CCONJ
ftr-476	338	35	contributing	contribute	VERB
ftr-476	338	36	it	it	PRON
ftr-476	338	37	to	to	ADP
ftr-476	338	38	the	the	DET
ftr-476	338	39	corporation.52	corporation.52	ADJ
ftr-476	338	40	this	this	DET
ftr-476	338	41	formulation	formulation	NOUN
ftr-476	338	42	shows	show	VERB
ftr-476	338	43	that	that	SCONJ
ftr-476	338	44	the	the	DET
ftr-476	338	45	heart	heart	NOUN
ftr-476	338	46	of	of	ADP
ftr-476	338	47	the	the	DET
ftr-476	338	48	cash	cash	NOUN
ftr-476	338	49	analogy	analogy	NOUN
ftr-476	338	50	argument	argument	NOUN
ftr-476	338	51	as	as	SCONJ
ftr-476	338	52	applied	apply	VERB
ftr-476	338	53	to	to	ADP
ftr-476	338	54	lessinger	lessinger	ADJ
ftr-476	338	55	is	be	AUX
ftr-476	338	56	that	that	SCONJ
ftr-476	338	57	a	a	DET
ftr-476	338	58	note	note	NOUN
ftr-476	338	59	should	should	AUX
ftr-476	338	60	be	be	AUX
ftr-476	338	61	treated	treat	VERB
ftr-476	338	62	the	the	DET
ftr-476	338	63	same	same	ADJ
ftr-476	338	64	as	as	ADP
ftr-476	338	65	cash	cash	NOUN
ftr-476	338	66	.	.	PUNCT
ftr-476	338	67	"	"	PUNCT
ftr-476	339	1	however	however	ADV
ftr-476	339	2	,	,	PUNCT
ftr-476	339	3	the	the	DET
ftr-476	339	4	two	two	NUM
ftr-476	339	5	cases	case	NOUN
ftr-476	339	6	are	be	AUX
ftr-476	339	7	not	not	PART
ftr-476	339	8	equivalent	equivalent	ADJ
ftr-476	339	9	because	because	SCONJ
ftr-476	339	10	in	in	ADP
ftr-476	339	11	one	one	NUM
ftr-476	339	12	the	the	DET
ftr-476	339	13	corporation	corporation	NOUN
ftr-476	339	14	has	have	VERB
ftr-476	339	15	the	the	DET
ftr-476	339	16	cash	cash	NOUN
ftr-476	339	17	and	and	CCONJ
ftr-476	339	18	in	in	ADP
ftr-476	339	19	the	the	DET
ftr-476	339	20	other	other	ADJ
ftr-476	339	21	it	it	PRON
ftr-476	339	22	does	do	VERB
ftr-476	339	23	not	not	PART
ftr-476	339	24	.	.	PUNCT
ftr-476	340	1	there	there	PRON
ftr-476	340	2	is	be	VERB
ftr-476	340	3	,	,	PUNCT
ftr-476	340	4	however	however	ADV
ftr-476	340	5	,	,	PUNCT
ftr-476	340	6	a	a	DET
ftr-476	340	7	possible	possible	ADJ
ftr-476	340	8	equiva46	equiva46	NOUN
ftr-476	340	9	.	.	PUNCT
ftr-476	341	1	i	i	PRON
ftr-476	341	2	d.	d.	PROPN
ftr-476	341	3	at	at	ADP
ftr-476	341	4	1.05[21[b	1.05[21[b	NOUN
ftr-476	341	5	]	]	PUNCT
ftr-476	341	6	.	.	PUNCT
ftr-476	342	1	47	47	NUM
ftr-476	342	2	.	.	PUNCT
ftr-476	343	1	see	see	VERB
ftr-476	343	2	united	united	PROPN
ftr-476	343	3	states	states	PROPN
ftr-476	343	4	v.	v.	ADP
ftr-476	343	5	morris	morris	PROPN
ftr-476	343	6	&	&	CCONJ
ftr-476	343	7	essex	essex	PROPN
ftr-476	343	8	r.r	r.r	PROPN
ftr-476	343	9	.	.	PROPN
ftr-476	343	10	,	,	PUNCT
ftr-476	343	11	135	135	NUM
ftr-476	343	12	f.2d	f.2d	NOUN
ftr-476	343	13	711	711	NUM
ftr-476	343	14	,	,	PUNCT
ftr-476	343	15	713	713	NUM
ftr-476	343	16	(	(	PUNCT
ftr-476	343	17	2d	2d	NUM
ftr-476	343	18	cir	cir	NOUN
ftr-476	343	19	.	.	PUNCT
ftr-476	343	20	)	)	PUNCT
ftr-476	344	1	,	,	PUNCT
ftr-476	344	2	cert	cert	PROPN
ftr-476	344	3	.	.	PUNCT
ftr-476	344	4	denied	deny	VERB
ftr-476	344	5	,	,	PUNCT
ftr-476	344	6	320	320	NUM
ftr-476	344	7	u.s	u.s	PROPN
ftr-476	344	8	.	.	PROPN
ftr-476	344	9	754	754	NUM
ftr-476	344	10	(	(	PUNCT
ftr-476	344	11	1943	1943	NUM
ftr-476	344	12	)	)	PUNCT
ftr-476	344	13	.	.	PUNCT
ftr-476	345	1	48	48	NUM
ftr-476	345	2	.	.	PUNCT
ftr-476	346	1	for	for	ADP
ftr-476	346	2	example	example	NOUN
ftr-476	346	3	,	,	PUNCT
ftr-476	346	4	if	if	SCONJ
ftr-476	346	5	a	a	DET
ftr-476	346	6	debtor	debtor	NOUN
ftr-476	346	7	purports	purport	VERB
ftr-476	346	8	to	to	PART
ftr-476	346	9	pay	pay	VERB
ftr-476	346	10	interest	interest	NOUN
ftr-476	346	11	by	by	ADP
ftr-476	346	12	borrowing	borrow	VERB
ftr-476	346	13	an	an	DET
ftr-476	346	14	amount	amount	NOUN
ftr-476	346	15	equal	equal	ADJ
ftr-476	346	16	to	to	ADP
ftr-476	346	17	the	the	DET
ftr-476	346	18	interest	interest	NOUN
ftr-476	346	19	from	from	ADP
ftr-476	346	20	the	the	DET
ftr-476	346	21	creditor	creditor	NOUN
ftr-476	346	22	and	and	CCONJ
ftr-476	346	23	immediately	immediately	ADV
ftr-476	346	24	paying	pay	VERB
ftr-476	346	25	this	this	DET
ftr-476	346	26	amount	amount	NOUN
ftr-476	346	27	to	to	ADP
ftr-476	346	28	the	the	DET
ftr-476	346	29	creditor	creditor	NOUN
ftr-476	346	30	as	as	ADP
ftr-476	346	31	interest	interest	NOUN
ftr-476	346	32	,	,	PUNCT
ftr-476	346	33	the	the	DET
ftr-476	346	34	interest	interest	NOUN
ftr-476	346	35	is	be	AUX
ftr-476	346	36	not	not	PART
ftr-476	346	37	considered	consider	VERB
ftr-476	346	38	paid	pay	VERB
ftr-476	346	39	(	(	PUNCT
ftr-476	346	40	and	and	CCONJ
ftr-476	346	41	therefore	therefore	ADV
ftr-476	346	42	is	be	AUX
ftr-476	346	43	not	not	PART
ftr-476	346	44	deductible	deductible	ADJ
ftr-476	346	45	if	if	SCONJ
ftr-476	346	46	the	the	DET
ftr-476	346	47	debtor	debtor	NOUN
ftr-476	346	48	uses	use	VERB
ftr-476	346	49	the	the	DET
ftr-476	346	50	cash	cash	NOUN
ftr-476	346	51	method	method	NOUN
ftr-476	346	52	of	of	ADP
ftr-476	346	53	accounting	accounting	NOUN
ftr-476	346	54	)	)	PUNCT
ftr-476	346	55	because	because	SCONJ
ftr-476	346	56	the	the	DET
ftr-476	346	57	borrowing	borrowing	NOUN
ftr-476	346	58	and	and	CCONJ
ftr-476	346	59	payment	payment	NOUN
ftr-476	346	60	change	change	NOUN
ftr-476	346	61	the	the	DET
ftr-476	346	62	form	form	NOUN
ftr-476	346	63	of	of	ADP
ftr-476	346	64	the	the	DET
ftr-476	346	65	interest	interest	NOUN
ftr-476	346	66	obligation	obligation	NOUN
ftr-476	346	67	without	without	ADP
ftr-476	346	68	changing	change	VERB
ftr-476	346	69	its	its	PRON
ftr-476	346	70	substance	substance	NOUN
ftr-476	346	71	.	.	PUNCT
ftr-476	347	1	see	see	VERB
ftr-476	347	2	rubnitz	rubnitz	PROPN
ftr-476	347	3	v.	v.	PROPN
ftr-476	347	4	commissioner	commissioner	PROPN
ftr-476	347	5	,	,	PUNCT
ftr-476	347	6	67	67	NUM
ftr-476	347	7	t.c	t.c	PROPN
ftr-476	347	8	.	.	PROPN
ftr-476	347	9	621	621	NUM
ftr-476	347	10	,	,	PUNCT
ftr-476	347	11	629	629	NUM
ftr-476	347	12	(	(	PUNCT
ftr-476	347	13	1977	1977	NUM
ftr-476	347	14	)	)	PUNCT
ftr-476	347	15	.	.	PUNCT
ftr-476	348	1	49	49	NUM
ftr-476	348	2	.	.	PUNCT
ftr-476	349	1	see	see	VERB
ftr-476	349	2	1	1	NUM
ftr-476	349	3	boris	boris	PROPN
ftr-476	349	4	i.	i.	PROPN
ftr-476	349	5	bittker	bittker	PROPN
ftr-476	349	6	&	&	CCONJ
ftr-476	349	7	lawrence	lawrence	PROPN
ftr-476	349	8	lokken	lokken	PROPN
ftr-476	349	9	,	,	PUNCT
ftr-476	349	10	federal	federal	ADJ
ftr-476	349	11	taxation	taxation	NOUN
ftr-476	349	12	of	of	ADP
ftr-476	349	13	income	income	NOUN
ftr-476	349	14	,	,	PUNCT
ftr-476	349	15	estates	estate	NOUN
ftr-476	349	16	and	and	CCONJ
ftr-476	349	17	gifts	gift	NOUN
ftr-476	349	18	4.3.5	4.3.5	NUM
ftr-476	349	19	(	(	PUNCT
ftr-476	349	20	2d	2d	NOUN
ftr-476	349	21	ed	ed	NOUN
ftr-476	349	22	.	.	PROPN
ftr-476	349	23	1990	1990	NUM
ftr-476	349	24	)	)	PUNCT
ftr-476	349	25	.	.	PUNCT
ftr-476	350	1	50	50	NUM
ftr-476	350	2	.	.	X
ftr-476	351	1	cf	cf	NOUN
ftr-476	351	2	.	.	PUNCT
ftr-476	352	1	commissioner	commissioner	PROPN
ftr-476	352	2	v.	v.	ADP
ftr-476	352	3	national	national	PROPN
ftr-476	352	4	alfalfa	alfalfa	PROPN
ftr-476	352	5	dehydrating	dehydrate	VERB
ftr-476	352	6	&	&	CCONJ
ftr-476	352	7	milling	milling	PROPN
ftr-476	352	8	co.	co.	PROPN
ftr-476	352	9	,	,	PUNCT
ftr-476	352	10	417	417	NUM
ftr-476	352	11	u.s	u.s	PROPN
ftr-476	352	12	.	.	PROPN
ftr-476	352	13	134	134	NUM
ftr-476	352	14	,	,	PUNCT
ftr-476	352	15	148	148	NUM
ftr-476	352	16	(	(	PUNCT
ftr-476	352	17	1974	1974	NUM
ftr-476	352	18	)	)	PUNCT
ftr-476	352	19	(	(	PUNCT
ftr-476	352	20	refusing	refuse	VERB
ftr-476	352	21	to	to	PART
ftr-476	352	22	treat	treat	VERB
ftr-476	352	23	a	a	DET
ftr-476	352	24	corporation	corporation	NOUN
ftr-476	352	25	's	's	PART
ftr-476	352	26	issuance	issuance	NOUN
ftr-476	352	27	of	of	ADP
ftr-476	352	28	$	$	SYM
ftr-476	352	29	50	50	NUM
ftr-476	352	30	bonds	bond	NOUN
ftr-476	352	31	for	for	ADP
ftr-476	352	32	its	its	PRON
ftr-476	352	33	stock	stock	NOUN
ftr-476	352	34	(	(	PUNCT
ftr-476	352	35	worth	worth	ADJ
ftr-476	352	36	$	$	SYM
ftr-476	352	37	33	33	NUM
ftr-476	352	38	)	)	PUNCT
ftr-476	352	39	as	as	SCONJ
ftr-476	352	40	if	if	SCONJ
ftr-476	352	41	the	the	DET
ftr-476	352	42	corporation	corporation	NOUN
ftr-476	352	43	had	have	AUX
ftr-476	352	44	sold	sell	VERB
ftr-476	352	45	the	the	DET
ftr-476	352	46	$	$	SYM
ftr-476	352	47	50	50	NUM
ftr-476	352	48	bonds	bond	NOUN
ftr-476	352	49	for	for	ADP
ftr-476	352	50	$	$	SYM
ftr-476	352	51	33	33	NUM
ftr-476	352	52	cash	cash	NOUN
ftr-476	352	53	and	and	CCONJ
ftr-476	352	54	used	use	VERB
ftr-476	352	55	the	the	DET
ftr-476	352	56	cash	cash	NOUN
ftr-476	352	57	to	to	PART
ftr-476	352	58	buy	buy	VERB
ftr-476	352	59	the	the	DET
ftr-476	352	60	stock	stock	NOUN
ftr-476	352	61	,	,	PUNCT
ftr-476	352	62	saying	say	VERB
ftr-476	352	63	that	that	SCONJ
ftr-476	352	64	this	this	DET
ftr-476	352	65	recharacterization	recharacterization	NOUN
ftr-476	352	66	"	"	PUNCT
ftr-476	352	67	would	would	AUX
ftr-476	352	68	require	require	VERB
ftr-476	352	69	rejection	rejection	NOUN
ftr-476	352	70	of	of	ADP
ftr-476	352	71	the	the	DET
ftr-476	352	72	established	establish	VERB
ftr-476	352	73	tax	tax	NOUN
ftr-476	352	74	principle	principle	NOUN
ftr-476	352	75	that	that	SCONJ
ftr-476	352	76	a	a	DET
ftr-476	352	77	transaction	transaction	NOUN
ftr-476	352	78	is	be	AUX
ftr-476	352	79	to	to	PART
ftr-476	352	80	be	be	AUX
ftr-476	352	81	given	give	VERB
ftr-476	352	82	its	its	PRON
ftr-476	352	83	tax	tax	NOUN
ftr-476	352	84	effect	effect	NOUN
ftr-476	352	85	in	in	ADP
ftr-476	352	86	accord	accord	NOUN
ftr-476	352	87	with	with	ADP
ftr-476	352	88	what	what	PRON
ftr-476	352	89	actually	actually	ADV
ftr-476	352	90	occurred	occur	VERB
ftr-476	352	91	and	and	CCONJ
ftr-476	352	92	not	not	PART
ftr-476	352	93	in	in	ADP
ftr-476	352	94	accord	accord	NOUN
ftr-476	352	95	with	with	ADP
ftr-476	352	96	what	what	PRON
ftr-476	352	97	might	might	AUX
ftr-476	352	98	have	have	AUX
ftr-476	352	99	occurred	occur	VERB
ftr-476	352	100	"	"	PUNCT
ftr-476	352	101	)	)	PUNCT
ftr-476	352	102	.	.	PUNCT
ftr-476	353	1	51	51	NUM
ftr-476	353	2	.	.	PUNCT
ftr-476	354	1	a	a	DET
ftr-476	354	2	classic	classic	ADJ
ftr-476	354	3	case	case	NOUN
ftr-476	354	4	in	in	ADP
ftr-476	354	5	which	which	PRON
ftr-476	354	6	the	the	DET
ftr-476	354	7	supreme	supreme	PROPN
ftr-476	354	8	court	court	PROPN
ftr-476	354	9	rejected	reject	VERB
ftr-476	354	10	the	the	DET
ftr-476	354	11	cash	cash	NOUN
ftr-476	354	12	analogy	analogy	NOUN
ftr-476	354	13	is	be	AUX
ftr-476	354	14	helvering	helvere	VERB
ftr-476	354	15	v.	v.	ADP
ftr-476	354	16	price	price	NOUN
ftr-476	354	17	,	,	PUNCT
ftr-476	354	18	309	309	NUM
ftr-476	354	19	u.s	u.s	PROPN
ftr-476	354	20	.	.	PROPN
ftr-476	354	21	409	409	NUM
ftr-476	354	22	(	(	PUNCT
ftr-476	354	23	1940	1940	NUM
ftr-476	354	24	)	)	PUNCT
ftr-476	354	25	.	.	PUNCT
ftr-476	355	1	a	a	DET
ftr-476	355	2	cash	cash	NOUN
ftr-476	355	3	method	method	NOUN
ftr-476	355	4	taxpayer	taxpayer	NOUN
ftr-476	355	5	,	,	PUNCT
ftr-476	355	6	who	who	PRON
ftr-476	355	7	had	have	AUX
ftr-476	355	8	made	make	VERB
ftr-476	355	9	good	good	ADJ
ftr-476	355	10	on	on	ADP
ftr-476	355	11	a	a	DET
ftr-476	355	12	guarantee	guarantee	NOUN
ftr-476	355	13	by	by	ADP
ftr-476	355	14	giving	give	VERB
ftr-476	355	15	his	his	PRON
ftr-476	355	16	note	note	NOUN
ftr-476	355	17	,	,	PUNCT
ftr-476	355	18	deducted	deduct	VERB
ftr-476	355	19	the	the	DET
ftr-476	355	20	note	note	NOUN
ftr-476	355	21	amount	amount	NOUN
ftr-476	355	22	as	as	ADP
ftr-476	355	23	a	a	DET
ftr-476	355	24	loss	loss	NOUN
ftr-476	355	25	.	.	PUNCT
ftr-476	356	1	the	the	DET
ftr-476	356	2	fourth	fourth	ADJ
ftr-476	356	3	circuit	circuit	NOUN
ftr-476	356	4	sustained	sustain	VERB
ftr-476	356	5	the	the	DET
ftr-476	356	6	deduction	deduction	NOUN
ftr-476	356	7	,	,	PUNCT
ftr-476	356	8	reasoning	reason	VERB
ftr-476	356	9	that	that	SCONJ
ftr-476	356	10	giving	give	VERB
ftr-476	356	11	the	the	DET
ftr-476	356	12	note	note	NOUN
ftr-476	356	13	was	be	AUX
ftr-476	356	14	equivalent	equivalent	ADJ
ftr-476	356	15	to	to	ADP
ftr-476	356	16	borrowing	borrow	VERB
ftr-476	356	17	and	and	CCONJ
ftr-476	356	18	using	use	VERB
ftr-476	356	19	the	the	DET
ftr-476	356	20	borrowed	borrow	VERB
ftr-476	356	21	funds	fund	NOUN
ftr-476	356	22	to	to	PART
ftr-476	356	23	pay	pay	VERB
ftr-476	356	24	cash	cash	NOUN
ftr-476	356	25	and	and	CCONJ
ftr-476	356	26	stating	state	VERB
ftr-476	356	27	that	that	SCONJ
ftr-476	356	28	transactions	transaction	NOUN
ftr-476	356	29	having	have	VERB
ftr-476	356	30	identical	identical	ADJ
ftr-476	356	31	business	business	NOUN
ftr-476	356	32	results	result	NOUN
ftr-476	356	33	should	should	AUX
ftr-476	356	34	not	not	PART
ftr-476	356	35	have	have	VERB
ftr-476	356	36	divergent	divergent	ADJ
ftr-476	356	37	tax	tax	NOUN
ftr-476	356	38	treatment	treatment	NOUN
ftr-476	356	39	.	.	PUNCT
ftr-476	357	1	price	price	NOUN
ftr-476	357	2	v.	v.	ADP
ftr-476	357	3	commissioner	commissioner	NOUN
ftr-476	357	4	,	,	PUNCT
ftr-476	357	5	106	106	NUM
ftr-476	357	6	f.2d	f.2d	ADP
ftr-476	357	7	336	336	NUM
ftr-476	357	8	(	(	PUNCT
ftr-476	357	9	4th	4th	ADJ
ftr-476	357	10	cir	cir	NOUN
ftr-476	357	11	.	.	PROPN
ftr-476	357	12	1939	1939	NUM
ftr-476	357	13	)	)	PUNCT
ftr-476	357	14	,	,	PUNCT
ftr-476	357	15	rev'd	rev'd	VERB
ftr-476	357	16	,	,	PUNCT
ftr-476	357	17	309	309	NUM
ftr-476	357	18	u.s	u.s	PROPN
ftr-476	357	19	.	.	PROPN
ftr-476	357	20	409	409	NUM
ftr-476	357	21	(	(	PUNCT
ftr-476	357	22	1940	1940	NUM
ftr-476	357	23	)	)	PUNCT
ftr-476	357	24	.	.	PUNCT
ftr-476	358	1	the	the	DET
ftr-476	358	2	supreme	supreme	PROPN
ftr-476	358	3	court	court	PROPN
ftr-476	358	4	disagreed	disagree	VERB
ftr-476	358	5	,	,	PUNCT
ftr-476	358	6	properly	properly	ADV
ftr-476	358	7	so	so	ADV
ftr-476	358	8	because	because	SCONJ
ftr-476	358	9	such	such	ADJ
ftr-476	358	10	divergence	divergence	NOUN
ftr-476	358	11	does	do	AUX
ftr-476	358	12	exist	exist	VERB
ftr-476	358	13	.	.	PUNCT
ftr-476	359	1	"	"	PUNCT
ftr-476	359	2	deductions	deduction	NOUN
ftr-476	359	3	are	be	AUX
ftr-476	359	4	regularly	regularly	ADV
ftr-476	359	5	allowed	allow	VERB
ftr-476	359	6	for	for	ADP
ftr-476	359	7	business	business	NOUN
ftr-476	359	8	expenses	expense	NOUN
ftr-476	359	9	paid	pay	VERB
ftr-476	359	10	with	with	ADP
ftr-476	359	11	borrowed	borrow	VERB
ftr-476	359	12	funds	fund	NOUN
ftr-476	359	13	,	,	PUNCT
ftr-476	359	14	provided	provide	VERB
ftr-476	359	15	the	the	DET
ftr-476	359	16	funds	fund	NOUN
ftr-476	359	17	are	be	AUX
ftr-476	359	18	not	not	PART
ftr-476	359	19	borrowed	borrow	VERB
ftr-476	359	20	from	from	ADP
ftr-476	359	21	the	the	DET
ftr-476	359	22	person	person	NOUN
ftr-476	359	23	to	to	PART
ftr-476	359	24	whom	whom	PRON
ftr-476	359	25	payment	payment	NOUN
ftr-476	359	26	is	be	AUX
ftr-476	359	27	made	make	VERB
ftr-476	359	28	....	....	PUNCT
ftr-476	359	29	4	4	NUM
ftr-476	359	30	bittker	bittker	NOUN
ftr-476	359	31	&	&	CCONJ
ftr-476	359	32	lokken	lokken	PROPN
ftr-476	359	33	,	,	PUNCT
ftr-476	359	34	supra	supra	PROPN
ftr-476	359	35	note	note	PROPN
ftr-476	359	36	49	49	NUM
ftr-476	359	37	,	,	PUNCT
ftr-476	359	38	at	at	ADP
ftr-476	359	39	t	t	PROPN
ftr-476	359	40	105.3.4	105.3.4	NOUN
ftr-476	359	41	,	,	PUNCT
ftr-476	359	42	p.	p.	NOUN
ftr-476	359	43	105	105	NUM
ftr-476	359	44	-	-	SYM
ftr-476	359	45	60	60	NUM
ftr-476	359	46	.	.	PUNCT
ftr-476	360	1	see	see	VERB
ftr-476	360	2	also	also	ADV
ftr-476	360	3	don	don	PROPN
ftr-476	360	4	e.	e.	PROPN
ftr-476	360	5	williams	williams	PROPN
ftr-476	360	6	co.	co.	PROPN
ftr-476	361	1	v.	v.	PROPN
ftr-476	361	2	commissioner	commissioner	PROPN
ftr-476	361	3	,	,	PUNCT
ftr-476	361	4	429	429	NUM
ftr-476	361	5	u.s	u.s	PROPN
ftr-476	361	6	.	.	PROPN
ftr-476	361	7	569	569	NUM
ftr-476	361	8	(	(	PUNCT
ftr-476	361	9	1977	1977	NUM
ftr-476	361	10	)	)	PUNCT
ftr-476	361	11	(	(	PUNCT
ftr-476	361	12	holding	hold	VERB
ftr-476	361	13	that	that	SCONJ
ftr-476	361	14	giving	give	VERB
ftr-476	361	15	a	a	DET
ftr-476	361	16	note	note	NOUN
ftr-476	361	17	to	to	ADP
ftr-476	361	18	a	a	DET
ftr-476	361	19	qualified	qualified	ADJ
ftr-476	361	20	plan	plan	NOUN
ftr-476	361	21	was	be	AUX
ftr-476	361	22	not	not	PART
ftr-476	361	23	payment	payment	NOUN
ftr-476	361	24	)	)	PUNCT
ftr-476	361	25	.	.	PUNCT
ftr-476	362	1	52	52	NUM
ftr-476	362	2	.	.	PUNCT
ftr-476	363	1	see	see	VERB
ftr-476	363	2	fleming	fleming	PROPN
ftr-476	363	3	,	,	PUNCT
ftr-476	363	4	supra	supra	PROPN
ftr-476	363	5	note	note	NOUN
ftr-476	363	6	2	2	NUM
ftr-476	363	7	.	.	SYM
ftr-476	363	8	53	53	NUM
ftr-476	363	9	.	.	X
ftr-476	364	1	fleming	fleming	PROPN
ftr-476	364	2	,	,	PUNCT
ftr-476	364	3	supra	supra	PROPN
ftr-476	364	4	note	note	PROPN
ftr-476	364	5	13	13	NUM
ftr-476	364	6	,	,	PUNCT
ftr-476	364	7	at	at	ADP
ftr-476	364	8	14	14	NUM
ftr-476	364	9	(	(	PUNCT
ftr-476	364	10	describing	describe	VERB
ftr-476	364	11	the	the	DET
ftr-476	364	12	difference	difference	NOUN
ftr-476	364	13	as	as	ADP
ftr-476	364	14	"	"	PUNCT
ftr-476	364	15	economically	economically	ADV
ftr-476	364	16	insignificant	insignificant	ADJ
ftr-476	364	17	"	"	PUNCT
ftr-476	364	18	)	)	PUNCT
ftr-476	364	19	.	.	PUNCT
ftr-476	365	1	[	[	X
ftr-476	365	2	vol	vol	NOUN
ftr-476	365	3	2:5	2:5	NUM
ftr-476	365	4	zero	zero	NUM
ftr-476	365	5	basis	basis	NOUN
ftr-476	365	6	hoar	hoar	NOUN
ftr-476	365	7	lence	lence	NOUN
ftr-476	365	8	:	:	PUNCT
ftr-476	365	9	that	that	SCONJ
ftr-476	365	10	in	in	ADP
ftr-476	365	11	both	both	DET
ftr-476	365	12	cases	case	NOUN
ftr-476	365	13	the	the	DET
ftr-476	365	14	corporation	corporation	NOUN
ftr-476	365	15	has	have	AUX
ftr-476	365	16	not	not	PART
ftr-476	365	17	assumed	assume	VERB
ftr-476	365	18	sol	sol	NOUN
ftr-476	365	19	's	's	PART
ftr-476	365	20	debt	debt	NOUN
ftr-476	365	21	,	,	PUNCT
ftr-476	365	22	as	as	SCONJ
ftr-476	365	23	discussed	discuss	VERB
ftr-476	365	24	below	below	ADV
ftr-476	365	25	.	.	PUNCT
ftr-476	366	1	c.	c.	NOUN
ftr-476	366	2	the	the	DET
ftr-476	366	3	proper	proper	ADJ
ftr-476	366	4	justification	justification	NOUN
ftr-476	366	5	1	1	NUM
ftr-476	366	6	.	.	PUNCT
ftr-476	367	1	overview.-the	overview.-the	DET
ftr-476	367	2	correct	correct	ADJ
ftr-476	367	3	analysis	analysis	NOUN
ftr-476	367	4	of	of	ADP
ftr-476	367	5	lessinger	lessinger	ADJ
ftr-476	367	6	is	be	AUX
ftr-476	367	7	that	that	SCONJ
ftr-476	367	8	the	the	DET
ftr-476	367	9	transferor	transferor	NOUN
ftr-476	367	10	's	's	PART
ftr-476	367	11	obligation	obligation	NOUN
ftr-476	367	12	is	be	AUX
ftr-476	367	13	not	not	PART
ftr-476	367	14	property	property	NOUN
ftr-476	367	15	for	for	ADP
ftr-476	367	16	purposes	purpose	NOUN
ftr-476	367	17	of	of	ADP
ftr-476	367	18	section	section	NOUN
ftr-476	367	19	351	351	NUM
ftr-476	367	20	and	and	CCONJ
ftr-476	367	21	that	that	SCONJ
ftr-476	367	22	the	the	DET
ftr-476	367	23	obligation	obligation	NOUN
ftr-476	367	24	(	(	PUNCT
ftr-476	367	25	or	or	CCONJ
ftr-476	367	26	,	,	PUNCT
ftr-476	367	27	more	more	ADV
ftr-476	367	28	importantly	importantly	ADV
ftr-476	367	29	,	,	PUNCT
ftr-476	367	30	some	some	PRON
ftr-476	367	31	more	more	ADV
ftr-476	367	32	convincing	convincing	ADJ
ftr-476	367	33	contractual	contractual	ADJ
ftr-476	367	34	arrangement	arrangement	NOUN
ftr-476	367	35	)	)	PUNCT
ftr-476	367	36	is	be	AUX
ftr-476	367	37	relevant	relevant	ADJ
ftr-476	367	38	to	to	ADP
ftr-476	367	39	the	the	DET
ftr-476	367	40	section	section	NOUN
ftr-476	367	41	357(c	357(c	PROPN
ftr-476	367	42	)	)	PUNCT
ftr-476	367	43	computation	computation	NOUN
ftr-476	367	44	only	only	ADV
ftr-476	367	45	if	if	SCONJ
ftr-476	367	46	it	it	PRON
ftr-476	367	47	reduces	reduce	VERB
ftr-476	367	48	the	the	DET
ftr-476	367	49	transferor	transferor	NOUN
ftr-476	367	50	's	's	PART
ftr-476	367	51	liabilities	liability	NOUN
ftr-476	367	52	assumed	assume	VERB
ftr-476	367	53	or	or	CCONJ
ftr-476	367	54	taken	take	VERB
ftr-476	367	55	subject	subject	NOUN
ftr-476	367	56	to	to	ADP
ftr-476	367	57	"	"	PUNCT
ftr-476	367	58	if	if	SCONJ
ftr-476	367	59	one	one	NUM
ftr-476	367	60	piece	piece	NOUN
ftr-476	367	61	of	of	ADP
ftr-476	367	62	paper	paper	NOUN
ftr-476	367	63	says	say	VERB
ftr-476	367	64	the	the	DET
ftr-476	367	65	transferred	transfer	VERB
ftr-476	367	66	property	property	NOUN
ftr-476	367	67	is	be	AUX
ftr-476	367	68	subject	subject	ADJ
ftr-476	367	69	to	to	ADP
ftr-476	367	70	a	a	DET
ftr-476	367	71	$	$	SYM
ftr-476	367	72	100	100	NUM
ftr-476	367	73	liability	liability	NOUN
ftr-476	367	74	of	of	ADP
ftr-476	367	75	sol	sol	NOUN
ftr-476	367	76	lessinger	lessinger	NOUN
ftr-476	367	77	and	and	CCONJ
ftr-476	367	78	another	another	DET
ftr-476	367	79	piece	piece	NOUN
ftr-476	367	80	of	of	ADP
ftr-476	367	81	paper	paper	NOUN
ftr-476	367	82	says	say	VERB
ftr-476	367	83	that	that	SCONJ
ftr-476	367	84	sol	sol	NOUN
ftr-476	367	85	will	will	AUX
ftr-476	367	86	pay	pay	VERB
ftr-476	367	87	that	that	DET
ftr-476	367	88	$	$	SYM
ftr-476	367	89	100	100	NUM
ftr-476	367	90	liability	liability	NOUN
ftr-476	367	91	,	,	PUNCT
ftr-476	367	92	there	there	PRON
ftr-476	367	93	is	be	VERB
ftr-476	367	94	in	in	ADP
ftr-476	367	95	substance	substance	NOUN
ftr-476	367	96	no	no	DET
ftr-476	367	97	debt	debt	NOUN
ftr-476	367	98	assumption	assumption	NOUN
ftr-476	367	99	or	or	CCONJ
ftr-476	367	100	taking	taking	NOUN
ftr-476	367	101	of	of	ADP
ftr-476	367	102	property	property	NOUN
ftr-476	367	103	subject	subject	NOUN
ftr-476	367	104	to	to	ADP
ftr-476	367	105	debt	debt	NOUN
ftr-476	367	106	if	if	SCONJ
ftr-476	367	107	sol	sol	NOUN
ftr-476	367	108	's	's	PART
ftr-476	367	109	obligation	obligation	NOUN
ftr-476	367	110	is	be	AUX
ftr-476	367	111	bona	bona	ADJ
ftr-476	367	112	fide	fide	ADJ
ftr-476	367	113	.	.	PUNCT
ftr-476	368	1	the	the	DET
ftr-476	368	2	important	important	ADJ
ftr-476	368	3	question	question	NOUN
ftr-476	368	4	is	be	AUX
ftr-476	368	5	how	how	SCONJ
ftr-476	368	6	to	to	PART
ftr-476	368	7	identify	identify	VERB
ftr-476	368	8	the	the	DET
ftr-476	368	9	cases	case	NOUN
ftr-476	368	10	to	to	PART
ftr-476	368	11	which	which	PRON
ftr-476	368	12	this	this	DET
ftr-476	368	13	approach	approach	NOUN
ftr-476	368	14	should	should	AUX
ftr-476	368	15	apply	apply	VERB
ftr-476	368	16	.	.	PUNCT
ftr-476	369	1	the	the	DET
ftr-476	369	2	most	most	ADV
ftr-476	369	3	common	common	ADJ
ftr-476	369	4	fact	fact	NOUN
ftr-476	369	5	patterns	pattern	NOUN
ftr-476	369	6	are	be	AUX
ftr-476	369	7	described	describe	VERB
ftr-476	369	8	below	below	ADV
ftr-476	369	9	.	.	PUNCT
ftr-476	370	1	2	2	X
ftr-476	370	2	.	.	X
ftr-476	370	3	transferor	transferor	NOUN
ftr-476	370	4	,	,	PUNCT
ftr-476	370	5	who	who	PRON
ftr-476	370	6	is	be	AUX
ftr-476	370	7	personally	personally	ADV
ftr-476	370	8	liable	liable	ADJ
ftr-476	370	9	on	on	ADP
ftr-476	370	10	the	the	DET
ftr-476	370	11	debt	debt	NOUN
ftr-476	370	12	,	,	PUNCT
ftr-476	370	13	transfers	transfer	VERB
ftr-476	370	14	property	property	NOUN
ftr-476	370	15	to	to	ADP
ftr-476	370	16	the	the	DET
ftr-476	370	17	corporation	corporation	NOUN
ftr-476	370	18	subject	subject	ADJ
ftr-476	370	19	to	to	ADP
ftr-476	370	20	the	the	DET
ftr-476	370	21	debt	debt	NOUN
ftr-476	370	22	,	,	PUNCT
ftr-476	370	23	but	but	CCONJ
ftr-476	370	24	is	be	AUX
ftr-476	370	25	not	not	PART
ftr-476	370	26	released	release	VERB
ftr-476	370	27	from	from	ADP
ftr-476	370	28	personal	personal	ADJ
ftr-476	370	29	liability	liability	NOUN
ftr-476	370	30	;	;	PUNCT
ftr-476	370	31	the	the	DET
ftr-476	370	32	corporation	corporation	NOUN
ftr-476	370	33	does	do	AUX
ftr-476	370	34	not	not	PART
ftr-476	370	35	assume	assume	VERB
ftr-476	370	36	the	the	DET
ftr-476	370	37	debt.-at	debt.-at	NOUN
ftr-476	370	38	least	least	ADV
ftr-476	370	39	one	one	NUM
ftr-476	370	40	case	case	NOUN
ftr-476	370	41	,	,	PUNCT
ftr-476	370	42	owen	owen	PROPN
ftr-476	370	43	v.	v.	PROPN
ftr-476	370	44	commissioner,55	commissioner,55	PROPN
ftr-476	370	45	holds	hold	VERB
ftr-476	370	46	that	that	SCONJ
ftr-476	370	47	section	section	NOUN
ftr-476	370	48	357(c	357(c	PROPN
ftr-476	370	49	)	)	PUNCT
ftr-476	370	50	requires	require	VERB
ftr-476	370	51	gain	gain	VERB
ftr-476	370	52	recognition	recognition	NOUN
ftr-476	370	53	on	on	ADP
ftr-476	370	54	these	these	DET
ftr-476	370	55	facts	fact	NOUN
ftr-476	370	56	because	because	SCONJ
ftr-476	370	57	the	the	DET
ftr-476	370	58	corporation	corporation	NOUN
ftr-476	370	59	received	receive	VERB
ftr-476	370	60	property	property	NOUN
ftr-476	370	61	subject	subject	NOUN
ftr-476	370	62	to	to	ADP
ftr-476	370	63	debt	debt	NOUN
ftr-476	370	64	.	.	PUNCT
ftr-476	371	1	the	the	DET
ftr-476	371	2	court	court	NOUN
ftr-476	371	3	rejected	reject	VERB
ftr-476	371	4	the	the	DET
ftr-476	371	5	transferor	transferor	NOUN
ftr-476	371	6	's	's	PART
ftr-476	371	7	argument	argument	NOUN
ftr-476	371	8	that	that	SCONJ
ftr-476	371	9	section	section	NOUN
ftr-476	371	10	357(c	357(c	PROPN
ftr-476	371	11	)	)	PUNCT
ftr-476	371	12	only	only	ADV
ftr-476	371	13	applies	apply	VERB
ftr-476	371	14	when	when	SCONJ
ftr-476	371	15	the	the	DET
ftr-476	371	16	transferor	transferor	NOUN
ftr-476	371	17	realizes	realize	VERB
ftr-476	371	18	an	an	DET
ftr-476	371	19	economic	economic	ADJ
ftr-476	371	20	benefit	benefit	NOUN
ftr-476	371	21	from	from	ADP
ftr-476	371	22	the	the	DET
ftr-476	371	23	transfer.56	transfer.56	NOUN
ftr-476	371	24	while	while	SCONJ
ftr-476	371	25	the	the	DET
ftr-476	371	26	transferor	transferor	NOUN
ftr-476	371	27	remained	remain	VERB
ftr-476	371	28	liable	liable	ADJ
ftr-476	371	29	to	to	ADP
ftr-476	371	30	the	the	DET
ftr-476	371	31	outside	outside	ADJ
ftr-476	371	32	creditors	creditor	NOUN
ftr-476	371	33	,	,	PUNCT
ftr-476	371	34	he	he	PRON
ftr-476	371	35	made	make	VERB
ftr-476	371	36	no	no	DET
ftr-476	371	37	promise	promise	NOUN
ftr-476	371	38	to	to	ADP
ftr-476	371	39	the	the	DET
ftr-476	371	40	corporation	corporation	NOUN
ftr-476	371	41	to	to	PART
ftr-476	371	42	pay	pay	VERB
ftr-476	371	43	the	the	DET
ftr-476	371	44	debt	debt	NOUN
ftr-476	371	45	.	.	PUNCT
ftr-476	372	1	whether	whether	SCONJ
ftr-476	372	2	a	a	DET
ftr-476	372	3	transfer	transfer	NOUN
ftr-476	372	4	is	be	AUX
ftr-476	372	5	subject	subject	ADJ
ftr-476	372	6	to	to	ADP
ftr-476	372	7	debt	debt	NOUN
ftr-476	372	8	should	should	AUX
ftr-476	372	9	not	not	PART
ftr-476	372	10	be	be	AUX
ftr-476	372	11	determined	determine	VERB
ftr-476	372	12	so	so	ADV
ftr-476	372	13	mechanically	mechanically	ADV
ftr-476	372	14	.	.	PUNCT
ftr-476	373	1	the	the	DET
ftr-476	373	2	determination	determination	NOUN
ftr-476	373	3	should	should	AUX
ftr-476	373	4	depend	depend	VERB
ftr-476	373	5	on	on	ADP
ftr-476	373	6	whether	whether	SCONJ
ftr-476	373	7	,	,	PUNCT
ftr-476	373	8	in	in	ADP
ftr-476	373	9	light	light	NOUN
ftr-476	373	10	of	of	ADP
ftr-476	373	11	all	all	PRON
ftr-476	373	12	of	of	ADP
ftr-476	373	13	the	the	DET
ftr-476	373	14	interrelated	interrelated	ADJ
ftr-476	373	15	legal	legal	ADJ
ftr-476	373	16	obligations	obligation	NOUN
ftr-476	373	17	,	,	PUNCT
ftr-476	373	18	the	the	DET
ftr-476	373	19	parties	party	NOUN
ftr-476	373	20	intend	intend	VERB
ftr-476	373	21	to	to	PART
ftr-476	373	22	condition	condition	VERB
ftr-476	373	23	the	the	DET
ftr-476	373	24	corporation	corporation	NOUN
ftr-476	373	25	's	's	PART
ftr-476	373	26	ownership	ownership	NOUN
ftr-476	373	27	on	on	ADP
ftr-476	373	28	its	its	PRON
ftr-476	373	29	payment	payment	NOUN
ftr-476	373	30	of	of	ADP
ftr-476	373	31	the	the	DET
ftr-476	373	32	debt	debt	NOUN
ftr-476	373	33	as	as	SCONJ
ftr-476	373	34	it	it	PRON
ftr-476	373	35	falls	fall	VERB
ftr-476	373	36	due	due	ADJ
ftr-476	373	37	.	.	PUNCT
ftr-476	374	1	the	the	DET
ftr-476	374	2	corporation	corporation	NOUN
ftr-476	374	3	's	's	PART
ftr-476	374	4	assumption	assumption	NOUN
ftr-476	374	5	of	of	ADP
ftr-476	374	6	or	or	CCONJ
ftr-476	374	7	taking	take	VERB
ftr-476	374	8	subject	subject	NOUN
ftr-476	374	9	to	to	ADP
ftr-476	374	10	the	the	DET
ftr-476	374	11	debt	debt	NOUN
ftr-476	374	12	is	be	AUX
ftr-476	374	13	evidence	evidence	NOUN
ftr-476	374	14	that	that	SCONJ
ftr-476	374	15	the	the	DET
ftr-476	374	16	parties	party	NOUN
ftr-476	374	17	intended	intend	VERB
ftr-476	374	18	the	the	DET
ftr-476	374	19	corporation	corporation	NOUN
ftr-476	374	20	to	to	PART
ftr-476	374	21	pay	pay	VERB
ftr-476	374	22	the	the	DET
ftr-476	374	23	debt	debt	NOUN
ftr-476	374	24	,	,	PUNCT
ftr-476	374	25	and	and	CCONJ
ftr-476	374	26	a	a	DET
ftr-476	374	27	court	court	NOUN
ftr-476	374	28	should	should	AUX
ftr-476	374	29	require	require	VERB
ftr-476	374	30	convincing	convincing	ADJ
ftr-476	374	31	evidence	evidence	NOUN
ftr-476	374	32	to	to	PART
ftr-476	374	33	justify	justify	VERB
ftr-476	374	34	the	the	DET
ftr-476	374	35	contrary	contrary	ADJ
ftr-476	374	36	conclusion	conclusion	NOUN
ftr-476	374	37	that	that	SCONJ
ftr-476	374	38	they	they	PRON
ftr-476	374	39	intended	intend	VERB
ftr-476	374	40	the	the	DET
ftr-476	374	41	transferor	transferor	NOUN
ftr-476	374	42	to	to	PART
ftr-476	374	43	pay	pay	VERB
ftr-476	374	44	.	.	PUNCT
ftr-476	375	1	in	in	ADP
ftr-476	375	2	owen	owen	PROPN
ftr-476	375	3	,	,	PUNCT
ftr-476	375	4	the	the	DET
ftr-476	375	5	court	court	NOUN
ftr-476	375	6	states	state	VERB
ftr-476	375	7	that	that	SCONJ
ftr-476	375	8	it	it	PRON
ftr-476	375	9	is	be	AUX
ftr-476	375	10	not	not	PART
ftr-476	375	11	relevant	relevant	ADJ
ftr-476	375	12	whether	whether	SCONJ
ftr-476	375	13	the	the	DET
ftr-476	375	14	transferor	transferor	NOUN
ftr-476	375	15	realizes	realize	VERB
ftr-476	375	16	economic	economic	ADJ
ftr-476	375	17	benefit	benefit	NOUN
ftr-476	375	18	from	from	ADP
ftr-476	375	19	the	the	DET
ftr-476	375	20	corporation	corporation	NOUN
ftr-476	375	21	's	's	PART
ftr-476	375	22	assumption	assumption	NOUN
ftr-476	375	23	of	of	ADP
ftr-476	375	24	or	or	CCONJ
ftr-476	375	25	taking	take	VERB
ftr-476	375	26	subject	subject	NOUN
ftr-476	375	27	to	to	ADP
ftr-476	375	28	the	the	DET
ftr-476	375	29	transferor	transferor	NOUN
ftr-476	375	30	's	's	PART
ftr-476	375	31	debt	debt	NOUN
ftr-476	375	32	.	.	PUNCT
ftr-476	376	1	this	this	DET
ftr-476	376	2	idea	idea	NOUN
ftr-476	376	3	apparently	apparently	ADV
ftr-476	376	4	derives	derive	VERB
ftr-476	376	5	from	from	ADP
ftr-476	376	6	rosen	rosen	PROPN
ftr-476	376	7	v.	v.	PROPN
ftr-476	376	8	54	54	NUM
ftr-476	376	9	.	.	PUNCT
ftr-476	377	1	this	this	DET
ftr-476	377	2	possibility	possibility	NOUN
ftr-476	377	3	is	be	AUX
ftr-476	377	4	mentioned	mention	VERB
ftr-476	377	5	in	in	ADP
ftr-476	377	6	passing	pass	VERB
ftr-476	377	7	,	,	PUNCT
ftr-476	377	8	but	but	CCONJ
ftr-476	377	9	not	not	PART
ftr-476	377	10	pursued	pursue	VERB
ftr-476	377	11	.	.	PUNCT
ftr-476	378	1	in	in	ADP
ftr-476	378	2	brewer	brewer	NOUN
ftr-476	378	3	.	.	PUNCT
ftr-476	379	1	supra	supra	PROPN
ftr-476	379	2	note	note	PROPN
ftr-476	379	3	2	2	NUM
ftr-476	379	4	,	,	PUNCT
ftr-476	379	5	at	at	ADP
ftr-476	379	6	459	459	NUM
ftr-476	379	7	.	.	PUNCT
ftr-476	380	1	it	it	PRON
ftr-476	380	2	was	be	AUX
ftr-476	380	3	first	first	ADV
ftr-476	380	4	discussed	discuss	VERB
ftr-476	380	5	in	in	ADP
ftr-476	380	6	detail	detail	NOUN
ftr-476	380	7	in	in	ADP
ftr-476	380	8	bittker	bittker	NOUN
ftr-476	380	9	&	&	CCONJ
ftr-476	380	10	eustice	eustice	PROPN
ftr-476	380	11	,	,	PUNCT
ftr-476	380	12	supra	supra	PROPN
ftr-476	380	13	note	note	NOUN
ftr-476	380	14	16	16	NUM
ftr-476	380	15	,	,	PUNCT
ftr-476	380	16	at	at	ADP
ftr-476	380	17	u1	u1	NOUN
ftr-476	380	18	3.06121	3.06121	NUM
ftr-476	380	19	,	,	PUNCT
ftr-476	380	20	[	[	X
ftr-476	380	21	4][b	4][b	X
ftr-476	380	22	]	]	X
ftr-476	380	23	.	.	PUNCT
ftr-476	381	1	55	55	NUM
ftr-476	381	2	.	.	NUM
ftr-476	381	3	881	881	NUM
ftr-476	381	4	f.2d	f.2d	SYM
ftr-476	381	5	832	832	NUM
ftr-476	381	6	(	(	PUNCT
ftr-476	381	7	9th	9th	ADJ
ftr-476	381	8	cir	cir	NOUN
ftr-476	381	9	.	.	PROPN
ftr-476	381	10	1989	1989	NUM
ftr-476	381	11	)	)	PUNCT
ftr-476	381	12	,	,	PUNCT
ftr-476	381	13	cert	cert	PROPN
ftr-476	381	14	.	.	PUNCT
ftr-476	382	1	denied	deny	VERB
ftr-476	382	2	,	,	PUNCT
ftr-476	382	3	493	493	NUM
ftr-476	382	4	u.s	u.s	PROPN
ftr-476	382	5	.	.	PROPN
ftr-476	382	6	1070	1070	NUM
ftr-476	382	7	(	(	PUNCT
ftr-476	382	8	1990	1990	NUM
ftr-476	382	9	)	)	PUNCT
ftr-476	382	10	.	.	PUNCT
ftr-476	383	1	56	56	NUM
ftr-476	383	2	.	.	PUNCT
ftr-476	384	1	i	i	PRON
ftr-476	384	2	d.	d.	PROPN
ftr-476	384	3	at	at	ADP
ftr-476	384	4	835	835	NUM
ftr-476	384	5	.	.	PUNCT
ftr-476	384	6	19941	19941	NUM
ftr-476	384	7	florida	florida	PROPN
ftr-476	384	8	tax	tax	PROPN
ftr-476	384	9	review	review	NOUN
ftr-476	384	10	commissioner	commissioner	NOUN
ftr-476	384	11	,	,	PUNCT
ftr-476	384	12	"	"	PUNCT
ftr-476	384	13	which	which	PRON
ftr-476	384	14	involved	involve	VERB
ftr-476	384	15	an	an	DET
ftr-476	384	16	assumed	assumed	ADJ
ftr-476	384	17	recourse	recourse	NOUN
ftr-476	384	18	debt	debt	NOUN
ftr-476	384	19	to	to	ADP
ftr-476	384	20	which	which	PRON
ftr-476	384	21	the	the	DET
ftr-476	384	22	transferred	transfer	VERB
ftr-476	384	23	property	property	NOUN
ftr-476	384	24	was	be	AUX
ftr-476	384	25	not	not	PART
ftr-476	384	26	subject	subject	ADJ
ftr-476	384	27	.	.	PUNCT
ftr-476	385	1	while	while	SCONJ
ftr-476	385	2	the	the	DET
ftr-476	385	3	transferor	transferor	NOUN
ftr-476	385	4	intended	intend	VERB
ftr-476	385	5	that	that	SCONJ
ftr-476	385	6	the	the	DET
ftr-476	385	7	corporation	corporation	NOUN
ftr-476	385	8	pay	pay	VERB
ftr-476	385	9	the	the	DET
ftr-476	385	10	debt	debt	NOUN
ftr-476	385	11	from	from	ADP
ftr-476	385	12	the	the	DET
ftr-476	385	13	proceeds	proceed	NOUN
ftr-476	385	14	of	of	ADP
ftr-476	385	15	a	a	DET
ftr-476	385	16	stock	stock	NOUN
ftr-476	385	17	offering	offering	NOUN
ftr-476	385	18	,	,	PUNCT
ftr-476	385	19	the	the	DET
ftr-476	385	20	offering	offering	NOUN
ftr-476	385	21	never	never	ADV
ftr-476	385	22	occurred	occur	VERB
ftr-476	385	23	,	,	PUNCT
ftr-476	385	24	and	and	CCONJ
ftr-476	385	25	the	the	DET
ftr-476	385	26	transferor	transferor	NOUN
ftr-476	385	27	ultimately	ultimately	ADV
ftr-476	385	28	paid	pay	VERB
ftr-476	385	29	the	the	DET
ftr-476	385	30	debt	debt	NOUN
ftr-476	385	31	.	.	PUNCT
ftr-476	386	1	the	the	DET
ftr-476	386	2	tax	tax	NOUN
ftr-476	386	3	court	court	NOUN
ftr-476	386	4	stated	state	VERB
ftr-476	386	5	:	:	PUNCT
ftr-476	386	6	"	"	PUNCT
ftr-476	386	7	section	section	NOUN
ftr-476	386	8	357(c	357(c	PROPN
ftr-476	386	9	)	)	PUNCT
ftr-476	386	10	may	may	AUX
ftr-476	386	11	even	even	ADV
ftr-476	386	12	result	result	VERB
ftr-476	386	13	in	in	ADP
ftr-476	386	14	the	the	DET
ftr-476	386	15	realization	realization	NOUN
ftr-476	386	16	of	of	ADP
ftr-476	386	17	a	a	DET
ftr-476	386	18	gain	gain	NOUN
ftr-476	386	19	for	for	ADP
ftr-476	386	20	tax	tax	NOUN
ftr-476	386	21	purposes	purpose	NOUN
ftr-476	386	22	where	where	SCONJ
ftr-476	386	23	none	none	NOUN
ftr-476	386	24	in	in	ADP
ftr-476	386	25	fact	fact	NOUN
ftr-476	386	26	exists	exist	VERB
ftr-476	386	27	.	.	PUNCT
ftr-476	387	1	however	however	ADV
ftr-476	387	2	,	,	PUNCT
ftr-476	387	3	the	the	DET
ftr-476	387	4	petitioner	petitioner	NOUN
ftr-476	387	5	did	do	AUX
ftr-476	387	6	not	not	PART
ftr-476	387	7	contend	contend	VERB
ftr-476	387	8	,	,	PUNCT
ftr-476	387	9	and	and	CCONJ
ftr-476	387	10	the	the	DET
ftr-476	387	11	court	court	NOUN
ftr-476	387	12	is	be	AUX
ftr-476	387	13	loath	loath	ADJ
ftr-476	387	14	to	to	PART
ftr-476	387	15	find	find	VERB
ftr-476	387	16	,	,	PUNCT
ftr-476	387	17	that	that	SCONJ
ftr-476	387	18	the	the	DET
ftr-476	387	19	result	result	NOUN
ftr-476	387	20	exceeds	exceed	VERB
ftr-476	387	21	the	the	DET
ftr-476	387	22	constitutional	constitutional	ADJ
ftr-476	387	23	powers	power	NOUN
ftr-476	387	24	to	to	PART
ftr-476	387	25	tax	tax	VERB
ftr-476	387	26	vested	vest	VERB
ftr-476	387	27	in	in	ADP
ftr-476	387	28	the	the	DET
ftr-476	387	29	congress	congress	NOUN
ftr-476	387	30	.	.	PUNCT
ftr-476	388	1	58	58	NUM
ftr-476	388	2	in	in	ADP
ftr-476	388	3	a	a	DET
ftr-476	388	4	footnote	footnote	NOUN
ftr-476	388	5	,	,	PUNCT
ftr-476	388	6	the	the	DET
ftr-476	388	7	court	court	NOUN
ftr-476	388	8	stated	state	VERB
ftr-476	388	9	that	that	SCONJ
ftr-476	388	10	in	in	ADP
ftr-476	388	11	enacting	enact	VERB
ftr-476	388	12	section	section	NOUN
ftr-476	388	13	357(c	357(c	PROPN
ftr-476	388	14	)	)	PUNCT
ftr-476	388	15	,	,	PUNCT
ftr-476	388	16	"	"	PUNCT
ftr-476	388	17	the	the	DET
ftr-476	388	18	congress	congress	PROPN
ftr-476	388	19	intended	intend	VERB
ftr-476	388	20	to	to	PART
ftr-476	388	21	deal	deal	VERB
ftr-476	388	22	with	with	ADP
ftr-476	388	23	the	the	DET
ftr-476	388	24	case	case	NOUN
ftr-476	388	25	where	where	SCONJ
ftr-476	388	26	the	the	DET
ftr-476	388	27	transferor	transferor	NOUN
ftr-476	388	28	takes	take	VERB
ftr-476	388	29	the	the	DET
ftr-476	388	30	deduction	deduction	NOUN
ftr-476	388	31	for	for	ADP
ftr-476	388	32	depreciation	depreciation	NOUN
ftr-476	388	33	on	on	ADP
ftr-476	388	34	account	account	NOUN
ftr-476	388	35	of	of	ADP
ftr-476	388	36	assets	asset	NOUN
ftr-476	388	37	purchased	purchase	VERB
ftr-476	388	38	with	with	ADP
ftr-476	388	39	borrowed	borrow	VERB
ftr-476	388	40	funds	fund	NOUN
ftr-476	388	41	and	and	CCONJ
ftr-476	388	42	the	the	DET
ftr-476	388	43	transferee	transferee	NOUN
ftr-476	388	44	repays	repay	VERB
ftr-476	388	45	the	the	DET
ftr-476	388	46	loan	loan	NOUN
ftr-476	388	47	.	.	PUNCT
ftr-476	389	1	its	its	PRON
ftr-476	389	2	effect	effect	NOUN
ftr-476	389	3	is	be	AUX
ftr-476	389	4	analogous	analogous	ADJ
ftr-476	389	5	to	to	ADP
ftr-476	389	6	other	other	ADJ
ftr-476	389	7	recapture	recapture	NOUN
ftr-476	389	8	provisions	provision	NOUN
ftr-476	389	9	in	in	ADP
ftr-476	389	10	the	the	DET
ftr-476	389	11	code	code	NOUN
ftr-476	389	12	.	.	PUNCT
ftr-476	390	1	"59	"59	PROPN
ftr-476	391	1	in	in	ADP
ftr-476	391	2	rosen	rosen	PROPN
ftr-476	391	3	,	,	PUNCT
ftr-476	391	4	the	the	DET
ftr-476	391	5	corporation	corporation	NOUN
ftr-476	391	6	assumed	assume	VERB
ftr-476	391	7	the	the	DET
ftr-476	391	8	debts	debt	NOUN
ftr-476	391	9	,	,	PUNCT
ftr-476	391	10	and	and	CCONJ
ftr-476	391	11	the	the	DET
ftr-476	391	12	intention	intention	NOUN
ftr-476	391	13	was	be	AUX
ftr-476	391	14	that	that	SCONJ
ftr-476	391	15	the	the	DET
ftr-476	391	16	corporation	corporation	NOUN
ftr-476	391	17	pay	pay	VERB
ftr-476	391	18	the	the	DET
ftr-476	391	19	debts	debt	NOUN
ftr-476	391	20	.	.	PUNCT
ftr-476	392	1	therefore	therefore	ADV
ftr-476	392	2	,	,	PUNCT
ftr-476	392	3	the	the	DET
ftr-476	392	4	discussion	discussion	NOUN
ftr-476	392	5	of	of	ADP
ftr-476	392	6	whether	whether	SCONJ
ftr-476	392	7	the	the	DET
ftr-476	392	8	transferor	transferor	NOUN
ftr-476	392	9	realized	realize	VERB
ftr-476	392	10	economic	economic	ADJ
ftr-476	392	11	gain	gain	NOUN
ftr-476	392	12	at	at	ADP
ftr-476	392	13	the	the	DET
ftr-476	392	14	time	time	NOUN
ftr-476	392	15	of	of	ADP
ftr-476	392	16	the	the	DET
ftr-476	392	17	section	section	NOUN
ftr-476	392	18	351	351	NUM
ftr-476	392	19	exchange	exchange	NOUN
ftr-476	392	20	is	be	AUX
ftr-476	392	21	dictum	dictum	NOUN
ftr-476	392	22	.	.	PUNCT
ftr-476	393	1	furthermore	furthermore	ADV
ftr-476	393	2	,	,	PUNCT
ftr-476	393	3	the	the	DET
ftr-476	393	4	legislative	legislative	ADJ
ftr-476	393	5	history	history	NOUN
ftr-476	393	6	cited	cite	VERB
ftr-476	393	7	in	in	ADP
ftr-476	393	8	the	the	DET
ftr-476	393	9	footnote	footnote	NOUN
ftr-476	393	10	does	do	AUX
ftr-476	393	11	not	not	PART
ftr-476	393	12	support	support	VERB
ftr-476	393	13	the	the	DET
ftr-476	393	14	gratuitous	gratuitous	ADJ
ftr-476	393	15	statement	statement	NOUN
ftr-476	393	16	that	that	SCONJ
ftr-476	393	17	a	a	DET
ftr-476	393	18	transfer	transfer	NOUN
ftr-476	393	19	without	without	ADP
ftr-476	393	20	gain	gain	NOUN
ftr-476	393	21	can	can	AUX
ftr-476	393	22	be	be	AUX
ftr-476	393	23	taxed	tax	VERB
ftr-476	393	24	,	,	PUNCT
ftr-476	393	25	'	'	PUNCT
ftr-476	393	26	and	and	CCONJ
ftr-476	393	27	the	the	DET
ftr-476	393	28	footnote	footnote	NOUN
ftr-476	393	29	itself	itself	PRON
ftr-476	393	30	states	state	VERB
ftr-476	393	31	that	that	SCONJ
ftr-476	393	32	the	the	DET
ftr-476	393	33	"	"	PUNCT
ftr-476	393	34	transferee	transferee	PROPN
ftr-476	393	35	repays	repay	VERB
ftr-476	393	36	the	the	DET
ftr-476	393	37	loan	loan	NOUN
ftr-476	393	38	,	,	PUNCT
ftr-476	393	39	"	"	PUNCT
ftr-476	393	40	which	which	PRON
ftr-476	393	41	surely	surely	ADV
ftr-476	393	42	results	result	VERB
ftr-476	393	43	in	in	ADP
ftr-476	393	44	economic	economic	ADJ
ftr-476	393	45	gain	gain	NOUN
ftr-476	393	46	.	.	PUNCT
ftr-476	394	1	thus	thus	ADV
ftr-476	394	2	,	,	PUNCT
ftr-476	394	3	rosen	rosen	PROPN
ftr-476	394	4	does	do	AUX
ftr-476	394	5	not	not	PART
ftr-476	394	6	stand	stand	VERB
ftr-476	394	7	for	for	ADP
ftr-476	394	8	the	the	DET
ftr-476	394	9	proposition	proposition	NOUN
ftr-476	394	10	that	that	PRON
ftr-476	394	11	section	section	NOUN
ftr-476	394	12	357(c	357(c	PROPN
ftr-476	394	13	)	)	PUNCT
ftr-476	394	14	applies	apply	VERB
ftr-476	394	15	without	without	ADP
ftr-476	394	16	regard	regard	NOUN
ftr-476	394	17	to	to	ADP
ftr-476	394	18	whether	whether	SCONJ
ftr-476	394	19	the	the	DET
ftr-476	394	20	transferor	transferor	NOUN
ftr-476	394	21	enjoys	enjoy	VERB
ftr-476	394	22	economic	economic	ADJ
ftr-476	394	23	benefit	benefit	NOUN
ftr-476	394	24	.	.	PUNCT
ftr-476	395	1	at	at	ADP
ftr-476	395	2	most	most	ADV
ftr-476	395	3	,	,	PUNCT
ftr-476	395	4	it	it	PRON
ftr-476	395	5	refers	refer	VERB
ftr-476	395	6	to	to	ADP
ftr-476	395	7	the	the	DET
ftr-476	395	8	rule	rule	NOUN
ftr-476	395	9	(	(	PUNCT
ftr-476	395	10	not	not	PART
ftr-476	395	11	there	there	ADV
ftr-476	395	12	applicable	applicable	ADJ
ftr-476	395	13	)	)	PUNCT
ftr-476	395	14	that	that	SCONJ
ftr-476	395	15	under	under	ADP
ftr-476	395	16	crane	crane	NOUN
ftr-476	395	17	and	and	CCONJ
ftr-476	395	18	tufts	tuft	NOUN
ftr-476	395	19	,	,	PUNCT
ftr-476	395	20	a	a	DET
ftr-476	395	21	transferor	transferor	NOUN
ftr-476	395	22	's	's	PART
ftr-476	395	23	amount	amount	NOUN
ftr-476	395	24	realized	realize	VERB
ftr-476	395	25	includes	include	VERB
ftr-476	395	26	even	even	ADV
ftr-476	395	27	nonrecourse	nonrecourse	NOUN
ftr-476	395	28	purchase	purchase	NOUN
ftr-476	395	29	money	money	NOUN
ftr-476	395	30	debt	debt	NOUN
ftr-476	395	31	to	to	PART
ftr-476	395	32	which	which	PRON
ftr-476	395	33	property	property	NOUN
ftr-476	395	34	is	be	AUX
ftr-476	395	35	actually	actually	ADV
ftr-476	395	36	subject	subject	ADJ
ftr-476	395	37	upon	upon	SCONJ
ftr-476	395	38	disposition	disposition	NOUN
ftr-476	395	39	,	,	PUNCT
ftr-476	395	40	regardless	regardless	ADV
ftr-476	395	41	of	of	ADP
ftr-476	395	42	economic	economic	ADJ
ftr-476	395	43	benefit	benefit	NOUN
ftr-476	395	44	to	to	ADP
ftr-476	395	45	the	the	DET
ftr-476	395	46	transferor.6	transferor.6	NOUN
ftr-476	395	47	similarly	similarly	ADV
ftr-476	395	48	,	,	PUNCT
ftr-476	395	49	the	the	DET
ftr-476	395	50	other	other	ADJ
ftr-476	395	51	cases	case	NOUN
ftr-476	395	52	cited	cite	VERB
ftr-476	395	53	by	by	ADP
ftr-476	395	54	owen	owen	NOUN
ftr-476	395	55	do	do	AUX
ftr-476	395	56	not	not	PART
ftr-476	395	57	support	support	VERB
ftr-476	395	58	disregard	disregard	NOUN
ftr-476	395	59	of	of	ADP
ftr-476	395	60	economic	economic	ADJ
ftr-476	395	61	benefit	benefit	NOUN
ftr-476	395	62	.	.	PUNCT
ftr-476	396	1	in	in	ADP
ftr-476	396	2	smith	smith	PROPN
ftr-476	396	3	v.	v.	PROPN
ftr-476	396	4	commissioner,6	commissioner,6	PROPN
ftr-476	396	5	"	"	PUNCT
ftr-476	396	6	the	the	DET
ftr-476	396	7	court	court	NOUN
ftr-476	396	8	stated	state	VERB
ftr-476	396	9	that	that	SCONJ
ftr-476	396	10	section	section	NOUN
ftr-476	396	11	357(c	357(c	PROPN
ftr-476	396	12	)	)	PUNCT
ftr-476	396	13	applies	apply	VERB
ftr-476	396	14	whether	whether	SCONJ
ftr-476	396	15	or	or	CCONJ
ftr-476	396	16	not	not	PART
ftr-476	396	17	the	the	DET
ftr-476	396	18	transferor	transferor	NOUN
ftr-476	396	19	is	be	AUX
ftr-476	396	20	released	release	VERB
ftr-476	396	21	from	from	ADP
ftr-476	396	22	personal	personal	ADJ
ftr-476	396	23	liability	liability	NOUN
ftr-476	396	24	.	.	PUNCT
ftr-476	397	1	the	the	DET
ftr-476	397	2	taxpayer	taxpayer	NOUN
ftr-476	397	3	in	in	ADP
ftr-476	397	4	smith	smith	PROPN
ftr-476	397	5	transferred	transfer	VERB
ftr-476	397	6	property	property	NOUN
ftr-476	397	7	subject	subject	NOUN
ftr-476	397	8	to	to	ADP
ftr-476	397	9	nonrecourse	nonrecourse	NOUN
ftr-476	397	10	debt	debt	NOUN
ftr-476	397	11	but	but	CCONJ
ftr-476	397	12	agreed	agree	VERB
ftr-476	397	13	with	with	ADP
ftr-476	397	14	the	the	DET
ftr-476	397	15	corporation	corporation	NOUN
ftr-476	397	16	that	that	PRON
ftr-476	397	17	,	,	PUNCT
ftr-476	397	18	as	as	ADP
ftr-476	397	19	between	between	ADP
ftr-476	397	20	them	they	PRON
ftr-476	397	21	,	,	PUNCT
ftr-476	397	22	he	he	PRON
ftr-476	397	23	would	would	AUX
ftr-476	397	24	be	be	AUX
ftr-476	397	25	liable	liable	ADJ
ftr-476	397	26	for	for	ADP
ftr-476	397	27	the	the	DET
ftr-476	397	28	debt	debt	NOUN
ftr-476	397	29	.	.	PUNCT
ftr-476	398	1	despite	despite	SCONJ
ftr-476	398	2	the	the	DET
ftr-476	398	3	undertaking	undertaking	NOUN
ftr-476	398	4	,	,	PUNCT
ftr-476	398	5	the	the	DET
ftr-476	398	6	corporation	corporation	NOUN
ftr-476	398	7	made	make	VERB
ftr-476	398	8	some	some	PRON
ftr-476	398	9	of	of	ADP
ftr-476	398	10	the	the	DET
ftr-476	398	11	payments	payment	NOUN
ftr-476	398	12	on	on	ADP
ftr-476	398	13	the	the	DET
ftr-476	398	14	nonrecourse	nonrecourse	NOUN
ftr-476	398	15	debt	debt	NOUN
ftr-476	398	16	.	.	PUNCT
ftr-476	399	1	the	the	DET
ftr-476	399	2	court	court	NOUN
ftr-476	399	3	discounted	discount	VERB
ftr-476	399	4	the	the	DET
ftr-476	399	5	transferor	transferor	NOUN
ftr-476	399	6	's	's	PART
ftr-476	399	7	undertaking	undertaking	NOUN
ftr-476	399	8	and	and	CCONJ
ftr-476	399	9	57	57	NUM
ftr-476	399	10	.	.	PUNCT
ftr-476	400	1	62	62	NUM
ftr-476	400	2	t.c	t.c	PROPN
ftr-476	400	3	.	.	PROPN
ftr-476	400	4	11	11	NUM
ftr-476	400	5	(	(	PUNCT
ftr-476	400	6	1974	1974	NUM
ftr-476	400	7	)	)	PUNCT
ftr-476	400	8	,	,	PUNCT
ftr-476	400	9	aff'd	aff'd	NOUN
ftr-476	400	10	,	,	PUNCT
ftr-476	400	11	515	515	NUM
ftr-476	400	12	f.2d	f.2d	ADP
ftr-476	400	13	507	507	NUM
ftr-476	400	14	(	(	PUNCT
ftr-476	400	15	3d	3d	NUM
ftr-476	400	16	cir	cir	NOUN
ftr-476	400	17	.	.	PUNCT
ftr-476	400	18	1975	1975	NUM
ftr-476	400	19	)	)	PUNCT
ftr-476	400	20	.	.	PUNCT
ftr-476	401	1	58	58	NUM
ftr-476	401	2	.	.	PUNCT
ftr-476	402	1	i	i	PRON
ftr-476	402	2	d.	d.	PROPN
ftr-476	402	3	at	at	ADP
ftr-476	402	4	19	19	NUM
ftr-476	402	5	.	.	PUNCT
ftr-476	402	6	59	59	NUM
ftr-476	402	7	.	.	PUNCT
ftr-476	403	1	i	i	PRON
ftr-476	403	2	d.	d.	PROPN
ftr-476	403	3	at	at	ADP
ftr-476	403	4	19	19	NUM
ftr-476	403	5	n.3	n.3	NOUN
ftr-476	403	6	(	(	PUNCT
ftr-476	403	7	cites	cite	VERB
ftr-476	403	8	to	to	ADP
ftr-476	403	9	1954	1954	NUM
ftr-476	403	10	code	code	NOUN
ftr-476	403	11	leg	leg	NOUN
ftr-476	403	12	.	.	PUNCT
ftr-476	404	1	history	history	NOUN
ftr-476	404	2	omitted	omit	VERB
ftr-476	404	3	)	)	PUNCT
ftr-476	404	4	.	.	PUNCT
ftr-476	405	1	60	60	NUM
ftr-476	405	2	.	.	PUNCT
ftr-476	406	1	s.	s.	PROPN
ftr-476	406	2	rep	rep	PROPN
ftr-476	406	3	.	.	PROPN
ftr-476	407	1	no	no	PROPN
ftr-476	407	2	.	.	NOUN
ftr-476	407	3	1622	1622	NUM
ftr-476	407	4	,	,	PUNCT
ftr-476	407	5	83d	83d	NUM
ftr-476	407	6	cong	cong	NOUN
ftr-476	407	7	.	.	PROPN
ftr-476	407	8	,	,	PUNCT
ftr-476	407	9	2d	2d	PROPN
ftr-476	407	10	sess	sess	NOUN
ftr-476	407	11	.	.	PUNCT
ftr-476	408	1	270	270	NUM
ftr-476	408	2	(	(	PUNCT
ftr-476	408	3	1954	1954	NUM
ftr-476	408	4	)	)	PUNCT
ftr-476	408	5	,	,	PUNCT
ftr-476	408	6	reprinted	reprint	VERB
ftr-476	408	7	in	in	ADP
ftr-476	408	8	1954	1954	NUM
ftr-476	408	9	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-476	408	10	.	.	PUNCT
ftr-476	408	11	4621	4621	NUM
ftr-476	408	12	,	,	PUNCT
ftr-476	408	13	4908	4908	NUM
ftr-476	408	14	;	;	PUNCT
ftr-476	408	15	h.	h.	PROPN
ftr-476	408	16	rep	rep	PROPN
ftr-476	408	17	.	.	PROPN
ftr-476	408	18	no	no	PROPN
ftr-476	408	19	.	.	NOUN
ftr-476	408	20	1337	1337	NUM
ftr-476	408	21	,	,	PUNCT
ftr-476	408	22	83d	83d	X
ftr-476	408	23	cong	cong	PROPN
ftr-476	408	24	.	.	PROPN
ftr-476	408	25	,	,	PUNCT
ftr-476	408	26	2d	2d	NUM
ftr-476	408	27	sess	sess	NOUN
ftr-476	408	28	.	.	PUNCT
ftr-476	409	1	a129	a129	PROPN
ftr-476	409	2	(	(	PUNCT
ftr-476	409	3	1954	1954	NUM
ftr-476	409	4	)	)	PUNCT
ftr-476	409	5	.	.	PUNCT
ftr-476	410	1	reprinted	reprint	VERB
ftr-476	410	2	in	in	ADP
ftr-476	410	3	1954	1954	NUM
ftr-476	410	4	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-476	410	5	.	.	PUNCT
ftr-476	410	6	4017	4017	NUM
ftr-476	410	7	,	,	PUNCT
ftr-476	410	8	4266	4266	NUM
ftr-476	410	9	.	.	PUNCT
ftr-476	411	1	61	61	NUM
ftr-476	411	2	.	.	PUNCT
ftr-476	411	3	commissioner	commissioner	PROPN
ftr-476	411	4	v.	v.	ADP
ftr-476	411	5	tufts	tufts	PROPN
ftr-476	411	6	,	,	PUNCT
ftr-476	411	7	461	461	NUM
ftr-476	411	8	u.s	u.s	PROPN
ftr-476	411	9	.	.	PROPN
ftr-476	411	10	300	300	NUM
ftr-476	411	11	(	(	PUNCT
ftr-476	411	12	1983	1983	NUM
ftr-476	411	13	)	)	PUNCT
ftr-476	411	14	;	;	PUNCT
ftr-476	411	15	crane	crane	NOUN
ftr-476	411	16	v.	v.	PROPN
ftr-476	411	17	commissioner	commissioner	PROPN
ftr-476	411	18	,	,	PUNCT
ftr-476	411	19	331	331	NUM
ftr-476	411	20	u.s	u.s	PROPN
ftr-476	411	21	.	.	PROPN
ftr-476	411	22	1	1	NUM
ftr-476	411	23	(	(	PUNCT
ftr-476	411	24	1947	1947	NUM
ftr-476	411	25	)	)	PUNCT
ftr-476	411	26	.	.	PUNCT
ftr-476	412	1	phantom	phantom	ADJ
ftr-476	412	2	gain	gain	NOUN
ftr-476	412	3	can	can	AUX
ftr-476	412	4	seem	seem	VERB
ftr-476	412	5	to	to	PART
ftr-476	412	6	result	result	VERB
ftr-476	412	7	because	because	SCONJ
ftr-476	412	8	the	the	DET
ftr-476	412	9	seller	seller	NOUN
ftr-476	412	10	receives	receive	VERB
ftr-476	412	11	neither	neither	CCONJ
ftr-476	412	12	cash	cash	NOUN
ftr-476	412	13	nor	nor	CCONJ
ftr-476	412	14	discharge	discharge	VERB
ftr-476	412	15	of	of	ADP
ftr-476	412	16	personal	personal	ADJ
ftr-476	412	17	liability	liability	NOUN
ftr-476	412	18	on	on	ADP
ftr-476	412	19	debt	debt	NOUN
ftr-476	412	20	.	.	PUNCT
ftr-476	413	1	62	62	NUM
ftr-476	413	2	.	.	PUNCT
ftr-476	414	1	84	84	NUM
ftr-476	414	2	t.c	t.c	PROPN
ftr-476	414	3	.	.	PROPN
ftr-476	414	4	889	889	NUM
ftr-476	414	5	,	,	PUNCT
ftr-476	414	6	909	909	NUM
ftr-476	414	7	(	(	PUNCT
ftr-476	414	8	1985	1985	NUM
ftr-476	414	9	)	)	PUNCT
ftr-476	414	10	,	,	PUNCT
ftr-476	414	11	aff'd	aff'd	NOUN
ftr-476	414	12	,	,	PUNCT
ftr-476	414	13	805	805	NUM
ftr-476	414	14	f.2d	f.2d	X
ftr-476	414	15	1073	1073	NUM
ftr-476	414	16	(	(	PUNCT
ftr-476	414	17	d.c	d.c	PROPN
ftr-476	414	18	.	.	PROPN
ftr-476	414	19	cir	cir	PROPN
ftr-476	414	20	.	.	PROPN
ftr-476	414	21	1986	1986	NUM
ftr-476	414	22	)	)	PUNCT
ftr-476	414	23	.	.	PUNCT
ftr-476	415	1	[	[	X
ftr-476	415	2	vol	vol	NOUN
ftr-476	415	3	2:5	2:5	NUM
ftr-476	415	4	zero	zero	NUM
ftr-476	415	5	basis	basis	NOUN
ftr-476	415	6	hoar	hoar	NOUN
ftr-476	415	7	relied	rely	VERB
ftr-476	415	8	instead	instead	ADV
ftr-476	415	9	on	on	ADP
ftr-476	415	10	a	a	DET
ftr-476	415	11	literal	literal	ADJ
ftr-476	415	12	reading	reading	NOUN
ftr-476	415	13	of	of	ADP
ftr-476	415	14	"	"	PUNCT
ftr-476	415	15	subject	subject	ADJ
ftr-476	415	16	to	to	ADP
ftr-476	415	17	,	,	PUNCT
ftr-476	415	18	"	"	PUNCT
ftr-476	415	19	quoting	quote	VERB
ftr-476	415	20	a	a	DET
ftr-476	415	21	property	property	NOUN
ftr-476	415	22	law	law	NOUN
ftr-476	415	23	text	text	NOUN
ftr-476	415	24	for	for	ADP
ftr-476	415	25	the	the	DET
ftr-476	415	26	proposition	proposition	NOUN
ftr-476	415	27	that	that	SCONJ
ftr-476	415	28	"	"	PUNCT
ftr-476	415	29	[	[	X
ftr-476	415	30	glenerally	glenerally	ADV
ftr-476	415	31	,	,	PUNCT
ftr-476	415	32	a	a	DET
ftr-476	415	33	transfer	transfer	NOUN
ftr-476	415	34	subject	subject	NOUN
ftr-476	415	35	to	to	ADP
ftr-476	415	36	a	a	DET
ftr-476	415	37	mortgage	mortgage	NOUN
ftr-476	415	38	is	be	AUX
ftr-476	415	39	an	an	DET
ftr-476	415	40	agreement	agreement	NOUN
ftr-476	415	41	that	that	PRON
ftr-476	415	42	,	,	PUNCT
ftr-476	415	43	as	as	ADP
ftr-476	415	44	between	between	ADP
ftr-476	415	45	the	the	DET
ftr-476	415	46	transferee	transferee	NOUN
ftr-476	415	47	and	and	CCONJ
ftr-476	415	48	the	the	DET
ftr-476	415	49	transferor	transferor	NOUN
ftr-476	415	50	,	,	PUNCT
ftr-476	415	51	the	the	DET
ftr-476	415	52	debt	debt	NOUN
ftr-476	415	53	is	be	AUX
ftr-476	415	54	to	to	PART
ftr-476	415	55	be	be	AUX
ftr-476	415	56	satisfied	satisfied	ADJ
ftr-476	415	57	out	out	ADP
ftr-476	415	58	of	of	ADP
ftr-476	415	59	the	the	DET
ftr-476	415	60	land	land	NOUN
ftr-476	415	61	.	.	PUNCT
ftr-476	416	1	63	63	NUM
ftr-476	416	2	the	the	DET
ftr-476	416	3	opinion	opinion	NOUN
ftr-476	416	4	implies	imply	VERB
ftr-476	416	5	that	that	SCONJ
ftr-476	416	6	the	the	DET
ftr-476	416	7	court	court	NOUN
ftr-476	416	8	thought	think	VERB
ftr-476	416	9	that	that	SCONJ
ftr-476	416	10	the	the	DET
ftr-476	416	11	parties	party	NOUN
ftr-476	416	12	intended	intend	VERB
ftr-476	416	13	that	that	SCONJ
ftr-476	416	14	the	the	DET
ftr-476	416	15	corporation	corporation	NOUN
ftr-476	416	16	pay	pay	VERB
ftr-476	416	17	the	the	DET
ftr-476	416	18	debt	debt	NOUN
ftr-476	416	19	,	,	PUNCT
ftr-476	416	20	despite	despite	SCONJ
ftr-476	416	21	the	the	DET
ftr-476	416	22	transferor	transferor	NOUN
ftr-476	416	23	's	's	PART
ftr-476	416	24	undertaking	undertaking	NOUN
ftr-476	416	25	to	to	PART
ftr-476	416	26	pay	pay	VERB
ftr-476	416	27	,	,	PUNCT
ftr-476	416	28	and	and	CCONJ
ftr-476	416	29	that	that	SCONJ
ftr-476	416	30	the	the	DET
ftr-476	416	31	transferor	transferor	NOUN
ftr-476	416	32	merely	merely	ADV
ftr-476	416	33	indemnified	indemnify	VERB
ftr-476	416	34	the	the	DET
ftr-476	416	35	corporation.64	corporation.64	NOUN
ftr-476	416	36	the	the	DET
ftr-476	416	37	smith	smith	PROPN
ftr-476	416	38	opinion	opinion	PROPN
ftr-476	416	39	cites	cite	VERB
ftr-476	416	40	rosen	rosen	PROPN
ftr-476	416	41	,	,	PUNCT
ftr-476	416	42	discussed	discuss	VERB
ftr-476	416	43	above	above	ADV
ftr-476	416	44	,	,	PUNCT
ftr-476	416	45	and	and	CCONJ
ftr-476	416	46	alderman	alderman	PROPN
ftr-476	416	47	v.	v.	ADP
ftr-476	416	48	commissioner.65	commissioner.65	PROPN
ftr-476	416	49	what	what	PRON
ftr-476	416	50	the	the	DET
ftr-476	416	51	aldernan	aldernan	PROPN
ftr-476	416	52	and	and	CCONJ
ftr-476	416	53	smith	smith	NOUN
ftr-476	416	54	cases	case	NOUN
ftr-476	416	55	have	have	VERB
ftr-476	416	56	in	in	ADP
ftr-476	416	57	common	common	ADJ
ftr-476	416	58	is	be	AUX
ftr-476	416	59	the	the	DET
ftr-476	416	60	transferor	transferor	NOUN
ftr-476	416	61	's	's	PART
ftr-476	416	62	promise	promise	NOUN
ftr-476	416	63	to	to	ADP
ftr-476	416	64	the	the	DET
ftr-476	416	65	corporation	corporation	NOUN
ftr-476	416	66	that	that	PRON
ftr-476	416	67	the	the	DET
ftr-476	416	68	transferor	transferor	NOUN
ftr-476	416	69	will	will	AUX
ftr-476	416	70	pay	pay	VERB
ftr-476	416	71	the	the	DET
ftr-476	416	72	debt	debt	NOUN
ftr-476	416	73	and	and	CCONJ
ftr-476	416	74	subsequent	subsequent	ADJ
ftr-476	416	75	behavior	behavior	NOUN
ftr-476	416	76	contradicting	contradict	VERB
ftr-476	416	77	that	that	DET
ftr-476	416	78	promise	promise	NOUN
ftr-476	416	79	.	.	PUNCT
ftr-476	416	80	'	'	PUNCT
ftr-476	417	1	the	the	DET
ftr-476	417	2	court	court	NOUN
ftr-476	417	3	found	find	VERB
ftr-476	417	4	that	that	SCONJ
ftr-476	417	5	the	the	DET
ftr-476	417	6	transferor	transferor	NOUN
ftr-476	417	7	in	in	ADP
ftr-476	417	8	alderman	alderman	NOUN
ftr-476	417	9	gave	give	VERB
ftr-476	417	10	her	her	PRON
ftr-476	417	11	obligation	obligation	NOUN
ftr-476	417	12	to	to	ADP
ftr-476	417	13	the	the	DET
ftr-476	417	14	corporation	corporation	NOUN
ftr-476	417	15	simply	simply	ADV
ftr-476	417	16	for	for	ADP
ftr-476	417	17	the	the	DET
ftr-476	417	18	purpose	purpose	NOUN
ftr-476	417	19	of	of	ADP
ftr-476	417	20	balancing	balance	VERB
ftr-476	417	21	the	the	DET
ftr-476	417	22	corporate	corporate	ADJ
ftr-476	417	23	balance	balance	NOUN
ftr-476	417	24	sheet	sheet	NOUN
ftr-476	417	25	,	,	PUNCT
ftr-476	417	26	and	and	CCONJ
ftr-476	417	27	that	that	SCONJ
ftr-476	417	28	during	during	ADP
ftr-476	417	29	the	the	DET
ftr-476	417	30	succeeding	succeed	VERB
ftr-476	417	31	eight	eight	NUM
ftr-476	417	32	years	year	NOUN
ftr-476	417	33	,	,	PUNCT
ftr-476	417	34	the	the	DET
ftr-476	417	35	corporation	corporation	NOUN
ftr-476	417	36	paid	pay	VERB
ftr-476	417	37	all	all	PRON
ftr-476	417	38	of	of	ADP
ftr-476	417	39	the	the	DET
ftr-476	417	40	debt	debt	NOUN
ftr-476	417	41	from	from	ADP
ftr-476	417	42	its	its	PRON
ftr-476	417	43	own	own	ADJ
ftr-476	417	44	funds	fund	NOUN
ftr-476	417	45	and	and	CCONJ
ftr-476	417	46	the	the	DET
ftr-476	417	47	transferor	transferor	NOUN
ftr-476	417	48	failed	fail	VERB
ftr-476	417	49	to	to	PART
ftr-476	417	50	pay	pay	VERB
ftr-476	417	51	her	her	PRON
ftr-476	417	52	note.67	note.67	NOUN
ftr-476	417	53	beaver	beaver	NOUN
ftr-476	417	54	v.	v.	PROPN
ftr-476	417	55	commissioner	commissioner	PROPN
ftr-476	417	56	also	also	ADV
ftr-476	417	57	evidences	evidence	VERB
ftr-476	417	58	the	the	DET
ftr-476	417	59	tax	tax	NOUN
ftr-476	417	60	court	court	NOUN
ftr-476	417	61	's	's	PART
ftr-476	417	62	skepticism	skepticism	NOUN
ftr-476	417	63	of	of	ADP
ftr-476	417	64	a	a	DET
ftr-476	417	65	transferor	transferor	NOUN
ftr-476	417	66	's	's	PART
ftr-476	417	67	claim	claim	NOUN
ftr-476	417	68	to	to	PART
ftr-476	417	69	have	have	AUX
ftr-476	417	70	retained	retain	VERB
ftr-476	417	71	liability	liability	NOUN
ftr-476	417	72	on	on	ADP
ftr-476	417	73	debts	debt	NOUN
ftr-476	417	74	assumed	assume	VERB
ftr-476	417	75	or	or	CCONJ
ftr-476	417	76	taken	take	VERB
ftr-476	417	77	subject	subject	NOUN
ftr-476	417	78	to	to	ADP
ftr-476	417	79	by	by	ADP
ftr-476	417	80	the	the	DET
ftr-476	417	81	corporation.68	corporation.68	NOUN
ftr-476	417	82	the	the	DET
ftr-476	417	83	case	case	NOUN
ftr-476	417	84	involved	involve	VERB
ftr-476	417	85	a	a	DET
ftr-476	417	86	recourse	recourse	NOUN
ftr-476	417	87	debt	debt	NOUN
ftr-476	417	88	that	that	PRON
ftr-476	417	89	was	be	AUX
ftr-476	417	90	secured	secure	VERB
ftr-476	417	91	by	by	ADP
ftr-476	417	92	transferred	transfer	VERB
ftr-476	417	93	property	property	NOUN
ftr-476	417	94	and	and	CCONJ
ftr-476	417	95	presumptively	presumptively	ADV
ftr-476	417	96	assumed	assume	VERB
ftr-476	417	97	by	by	ADP
ftr-476	417	98	the	the	DET
ftr-476	417	99	corporation	corporation	NOUN
ftr-476	417	100	.	.	PUNCT
ftr-476	418	1	the	the	DET
ftr-476	418	2	court	court	NOUN
ftr-476	418	3	found	find	VERB
ftr-476	418	4	no	no	DET
ftr-476	418	5	evidence	evidence	NOUN
ftr-476	418	6	to	to	PART
ftr-476	418	7	support	support	VERB
ftr-476	418	8	the	the	DET
ftr-476	418	9	taxpayer	taxpayer	NOUN
ftr-476	418	10	's	's	PART
ftr-476	418	11	contention	contention	NOUN
ftr-476	418	12	that	that	SCONJ
ftr-476	418	13	the	the	DET
ftr-476	418	14	debt	debt	NOUN
ftr-476	418	15	was	be	AUX
ftr-476	418	16	not	not	PART
ftr-476	418	17	assumed	assume	VERB
ftr-476	418	18	by	by	ADP
ftr-476	418	19	the	the	DET
ftr-476	418	20	corporation	corporation	NOUN
ftr-476	418	21	.	.	PUNCT
ftr-476	419	1	these	these	DET
ftr-476	419	2	cases	case	NOUN
ftr-476	419	3	should	should	AUX
ftr-476	419	4	not	not	PART
ftr-476	419	5	be	be	AUX
ftr-476	419	6	read	read	VERB
ftr-476	419	7	to	to	PART
ftr-476	419	8	hold	hold	VERB
ftr-476	419	9	that	that	SCONJ
ftr-476	419	10	it	it	PRON
ftr-476	419	11	is	be	AUX
ftr-476	419	12	irrelevant	irrelevant	ADJ
ftr-476	419	13	whether	whether	SCONJ
ftr-476	419	14	the	the	DET
ftr-476	419	15	transferred	transfer	VERB
ftr-476	419	16	property	property	NOUN
ftr-476	419	17	is	be	AUX
ftr-476	419	18	in	in	ADP
ftr-476	419	19	substance	substance	NOUN
ftr-476	419	20	subjected	subject	VERB
ftr-476	419	21	to	to	ADP
ftr-476	419	22	the	the	DET
ftr-476	419	23	transferor	transferor	NOUN
ftr-476	419	24	's	's	PART
ftr-476	419	25	debts	debt	NOUN
ftr-476	419	26	.	.	PUNCT
ftr-476	420	1	they	they	PRON
ftr-476	420	2	should	should	AUX
ftr-476	420	3	instead	instead	ADV
ftr-476	420	4	be	be	AUX
ftr-476	420	5	taken	take	VERB
ftr-476	420	6	as	as	ADP
ftr-476	420	7	determinations	determination	NOUN
ftr-476	420	8	that	that	PRON
ftr-476	420	9	these	these	DET
ftr-476	420	10	transferors	transferor	NOUN
ftr-476	420	11	did	do	AUX
ftr-476	420	12	not	not	PART
ftr-476	420	13	prove	prove	VERB
ftr-476	420	14	that	that	SCONJ
ftr-476	420	15	they	they	PRON
ftr-476	420	16	intended	intend	VERB
ftr-476	420	17	to	to	PART
ftr-476	420	18	stand	stand	VERB
ftr-476	420	19	for	for	ADP
ftr-476	420	20	their	their	PRON
ftr-476	420	21	debts	debt	NOUN
ftr-476	420	22	.	.	PUNCT
ftr-476	421	1	in	in	ADP
ftr-476	421	2	the	the	DET
ftr-476	421	3	absence	absence	NOUN
ftr-476	421	4	of	of	ADP
ftr-476	421	5	proof	proof	NOUN
ftr-476	421	6	by	by	ADP
ftr-476	421	7	the	the	DET
ftr-476	421	8	taxpayer	taxpayer	NOUN
ftr-476	421	9	bearing	bear	VERB
ftr-476	421	10	the	the	DET
ftr-476	421	11	burden	burden	NOUN
ftr-476	421	12	of	of	ADP
ftr-476	421	13	proof	proof	NOUN
ftr-476	421	14	,	,	PUNCT
ftr-476	421	15	the	the	DET
ftr-476	421	16	courts	court	NOUN
ftr-476	421	17	have	have	AUX
ftr-476	421	18	let	let	VERB
ftr-476	421	19	stand	stand	VERB
ftr-476	421	20	the	the	DET
ftr-476	421	21	presumption	presumption	NOUN
ftr-476	421	22	that	that	SCONJ
ftr-476	421	23	the	the	DET
ftr-476	421	24	owner	owner	NOUN
ftr-476	421	25	of	of	ADP
ftr-476	421	26	property	property	NOUN
ftr-476	421	27	subject	subject	NOUN
ftr-476	421	28	to	to	ADP
ftr-476	421	29	debt	debt	NOUN
ftr-476	421	30	will	will	AUX
ftr-476	421	31	pay	pay	VERB
ftr-476	421	32	the	the	DET
ftr-476	421	33	debt	debt	NOUN
ftr-476	421	34	.	.	PUNCT
ftr-476	422	1	what	what	PRON
ftr-476	422	2	different	different	ADJ
ftr-476	422	3	facts	fact	NOUN
ftr-476	422	4	should	should	AUX
ftr-476	422	5	produce	produce	VERB
ftr-476	422	6	a	a	DET
ftr-476	422	7	different	different	ADJ
ftr-476	422	8	result	result	NOUN
ftr-476	422	9	?	?	PUNCT
ftr-476	423	1	even	even	ADV
ftr-476	423	2	if	if	SCONJ
ftr-476	423	3	transferred	transfer	VERB
ftr-476	423	4	property	property	NOUN
ftr-476	423	5	is	be	AUX
ftr-476	423	6	nominally	nominally	ADV
ftr-476	423	7	subject	subject	ADJ
ftr-476	423	8	to	to	ADP
ftr-476	423	9	debt	debt	NOUN
ftr-476	423	10	,	,	PUNCT
ftr-476	423	11	the	the	DET
ftr-476	423	12	transferor	transferor	NOUN
ftr-476	423	13	can	can	AUX
ftr-476	423	14	prevent	prevent	VERB
ftr-476	423	15	the	the	DET
ftr-476	423	16	transfer	transfer	NOUN
ftr-476	423	17	from	from	ADP
ftr-476	423	18	being	be	AUX
ftr-476	423	19	considered	consider	VERB
ftr-476	423	20	made	make	VERB
ftr-476	423	21	subject	subject	ADJ
ftr-476	423	22	to	to	ADP
ftr-476	423	23	the	the	DET
ftr-476	423	24	debt	debt	NOUN
ftr-476	423	25	by	by	ADP
ftr-476	423	26	making	make	VERB
ftr-476	423	27	contractual	contractual	ADJ
ftr-476	423	28	arrangements	arrangement	NOUN
ftr-476	423	29	with	with	ADP
ftr-476	423	30	the	the	DET
ftr-476	423	31	outside	outside	ADJ
ftr-476	423	32	creditor	creditor	NOUN
ftr-476	423	33	,	,	PUNCT
ftr-476	423	34	as	as	ADV
ftr-476	423	35	well	well	ADV
ftr-476	423	36	as	as	ADP
ftr-476	423	37	with	with	ADP
ftr-476	423	38	the	the	DET
ftr-476	423	39	corporation	corporation	NOUN
ftr-476	423	40	,	,	PUNCT
ftr-476	423	41	to	to	PART
ftr-476	423	42	pay	pay	VERB
ftr-476	423	43	the	the	DET
ftr-476	423	44	debt.69	debt.69	NOUN
ftr-476	423	45	in	in	ADP
ftr-476	423	46	other	other	ADJ
ftr-476	423	47	contexts	context	NOUN
ftr-476	423	48	in	in	ADP
ftr-476	423	49	which	which	PRON
ftr-476	423	50	tax	tax	NOUN
ftr-476	423	51	results	result	NOUN
ftr-476	423	52	depend	depend	VERB
ftr-476	423	53	on	on	ADP
ftr-476	423	54	whether	whether	SCONJ
ftr-476	423	55	63	63	NUM
ftr-476	423	56	.	.	PUNCT
ftr-476	423	57	84	84	NUM
ftr-476	423	58	t.c	t.c	PROPN
ftr-476	423	59	.	.	PUNCT
ftr-476	424	1	at	at	ADP
ftr-476	424	2	909	909	NUM
ftr-476	424	3	.	.	PUNCT
ftr-476	425	1	see	see	AUX
ftr-476	425	2	also	also	ADV
ftr-476	425	3	crane	crane	NOUN
ftr-476	425	4	v.	v.	PROPN
ftr-476	425	5	commissioner	commissioner	PROPN
ftr-476	425	6	,	,	PUNCT
ftr-476	425	7	331	331	NUM
ftr-476	425	8	u.s	u.s	PROPN
ftr-476	425	9	.	.	PROPN
ftr-476	425	10	1	1	NUM
ftr-476	425	11	,	,	PUNCT
ftr-476	425	12	14	14	NUM
ftr-476	425	13	(	(	PUNCT
ftr-476	425	14	1947	1947	NUM
ftr-476	425	15	)	)	PUNCT
ftr-476	425	16	(	(	PUNCT
ftr-476	425	17	referring	refer	VERB
ftr-476	425	18	to	to	ADP
ftr-476	425	19	"	"	PUNCT
ftr-476	425	20	the	the	DET
ftr-476	425	21	reality	reality	NOUN
ftr-476	425	22	that	that	SCONJ
ftr-476	425	23	an	an	DET
ftr-476	425	24	owner	owner	NOUN
ftr-476	425	25	of	of	ADP
ftr-476	425	26	property	property	NOUN
ftr-476	425	27	,	,	PUNCT
ftr-476	425	28	mortgaged	mortgage	VERB
ftr-476	425	29	at	at	ADP
ftr-476	425	30	a	a	DET
ftr-476	425	31	figure	figure	NOUN
ftr-476	425	32	less	less	ADJ
ftr-476	425	33	than	than	ADP
ftr-476	425	34	that	that	PRON
ftr-476	425	35	at	at	ADP
ftr-476	425	36	which	which	PRON
ftr-476	425	37	the	the	DET
ftr-476	425	38	property	property	NOUN
ftr-476	425	39	will	will	AUX
ftr-476	425	40	sell	sell	VERB
ftr-476	425	41	,	,	PUNCT
ftr-476	425	42	must	must	AUX
ftr-476	425	43	and	and	CCONJ
ftr-476	425	44	will	will	AUX
ftr-476	425	45	treat	treat	VERB
ftr-476	425	46	the	the	DET
ftr-476	425	47	conditions	condition	NOUN
ftr-476	425	48	of	of	ADP
ftr-476	425	49	the	the	DET
ftr-476	425	50	mortgage	mortgage	NOUN
ftr-476	425	51	exactly	exactly	ADV
ftr-476	425	52	as	as	SCONJ
ftr-476	425	53	if	if	SCONJ
ftr-476	425	54	they	they	PRON
ftr-476	425	55	were	be	AUX
ftr-476	425	56	his	his	PRON
ftr-476	425	57	personal	personal	ADJ
ftr-476	425	58	obligations	obligation	NOUN
ftr-476	425	59	"	"	PUNCT
ftr-476	425	60	)	)	PUNCT
ftr-476	425	61	.	.	PUNCT
ftr-476	426	1	64	64	NUM
ftr-476	426	2	.	.	PUNCT
ftr-476	427	1	84	84	NUM
ftr-476	427	2	t.c	t.c	PROPN
ftr-476	427	3	.	.	PUNCT
ftr-476	428	1	at	at	ADP
ftr-476	428	2	899	899	NUM
ftr-476	428	3	,	,	PUNCT
ftr-476	428	4	907	907	NUM
ftr-476	428	5	.	.	NOUN
ftr-476	428	6	65	65	NUM
ftr-476	428	7	.	.	PUNCT
ftr-476	428	8	55	55	NUM
ftr-476	428	9	t.c	t.c	PROPN
ftr-476	428	10	.	.	PROPN
ftr-476	428	11	662	662	NUM
ftr-476	428	12	(	(	PUNCT
ftr-476	428	13	1971	1971	NUM
ftr-476	428	14	)	)	PUNCT
ftr-476	428	15	.	.	PUNCT
ftr-476	429	1	aldenna	aldenna	PROPN
ftr-476	429	2	is	be	AUX
ftr-476	429	3	cited	cite	VERB
ftr-476	429	4	in	in	ADP
ftr-476	429	5	smith	smith	NOUN
ftr-476	429	6	at	at	ADP
ftr-476	429	7	84	84	NUM
ftr-476	429	8	t.c	t.c	PROPN
ftr-476	429	9	.	.	PROPN
ftr-476	430	1	909	909	NUM
ftr-476	430	2	.	.	PUNCT
ftr-476	431	1	66	66	NUM
ftr-476	431	2	.	.	PUNCT
ftr-476	432	1	see	see	VERB
ftr-476	432	2	smith	smith	PROPN
ftr-476	432	3	,	,	PUNCT
ftr-476	432	4	84	84	NUM
ftr-476	432	5	t.c	t.c	PROPN
ftr-476	432	6	.	.	PUNCT
ftr-476	433	1	at	at	ADP
ftr-476	433	2	909	909	NUM
ftr-476	433	3	,	,	PUNCT
ftr-476	433	4	n.	n.	NOUN
ftr-476	433	5	20	20	NUM
ftr-476	433	6	(	(	PUNCT
ftr-476	433	7	suggesting	suggest	VERB
ftr-476	433	8	that	that	SCONJ
ftr-476	433	9	the	the	DET
ftr-476	433	10	outside	outside	ADJ
ftr-476	433	11	creditor	creditor	NOUN
ftr-476	433	12	might	might	AUX
ftr-476	433	13	have	have	AUX
ftr-476	433	14	had	have	VERB
ftr-476	433	15	a	a	DET
ftr-476	433	16	claim	claim	NOUN
ftr-476	433	17	against	against	ADP
ftr-476	433	18	the	the	DET
ftr-476	433	19	transferor	transferor	NOUN
ftr-476	433	20	,	,	PUNCT
ftr-476	433	21	but	but	CCONJ
ftr-476	433	22	not	not	PART
ftr-476	433	23	deciding	decide	VERB
ftr-476	433	24	that	that	DET
ftr-476	433	25	issue	issue	NOUN
ftr-476	433	26	)	)	PUNCT
ftr-476	433	27	.	.	PUNCT
ftr-476	434	1	67	67	NUM
ftr-476	434	2	.	.	PUNCT
ftr-476	434	3	aldennaz	aldennaz	PROPN
ftr-476	434	4	,	,	PUNCT
ftr-476	434	5	55	55	NUM
ftr-476	434	6	t.c	t.c	NOUN
ftr-476	434	7	.	.	PUNCT
ftr-476	435	1	at	at	ADP
ftr-476	435	2	665	665	NUM
ftr-476	435	3	.	.	PUNCT
ftr-476	436	1	68	68	NUM
ftr-476	436	2	.	.	X
ftr-476	437	1	41	41	NUM
ftr-476	437	2	t.c	t.c	PROPN
ftr-476	437	3	.	.	PROPN
ftr-476	437	4	memo	memo	NOUN
ftr-476	437	5	(	(	PUNCT
ftr-476	437	6	cch	cch	PROPN
ftr-476	437	7	)	)	PUNCT
ftr-476	437	8	52	52	NUM
ftr-476	437	9	,	,	PUNCT
ftr-476	437	10	54	54	NUM
ftr-476	437	11	,	,	PUNCT
ftr-476	437	12	t.c	t.c	PROPN
ftr-476	437	13	.	.	PROPN
ftr-476	437	14	memo	memo	NOUN
ftr-476	437	15	(	(	PUNCT
ftr-476	437	16	p	p	NOUN
ftr-476	437	17	-	-	PUNCT
ftr-476	437	18	h	h	NOUN
ftr-476	437	19	)	)	PUNCT
ftr-476	437	20	1	1	NUM
ftr-476	437	21	80,429	80,429	NUM
ftr-476	437	22	(	(	PUNCT
ftr-476	437	23	1980	1980	NUM
ftr-476	437	24	)	)	PUNCT
ftr-476	437	25	.	.	PUNCT
ftr-476	438	1	69	69	NUM
ftr-476	438	2	.	.	PUNCT
ftr-476	439	1	see	see	VERB
ftr-476	439	2	generally	generally	ADV
ftr-476	439	3	bittker	bittker	NOUN
ftr-476	439	4	&	&	CCONJ
ftr-476	439	5	eustice	eustice	PROPN
ftr-476	439	6	,	,	PUNCT
ftr-476	439	7	supra	supra	PROPN
ftr-476	439	8	note	note	NOUN
ftr-476	439	9	16	16	NUM
ftr-476	439	10	.	.	PUNCT
ftr-476	440	1	at	at	ADP
ftr-476	440	2	'	'	PUNCT
ftr-476	440	3	i	i	PRON
ftr-476	440	4	3.061411b	3.061411b	NOUN
ftr-476	440	5	]	]	PUNCT
ftr-476	440	6	.	.	PUNCT
ftr-476	440	7	19941	19941	NUM
ftr-476	440	8	florida	florida	PROPN
ftr-476	440	9	tax	tax	PROPN
ftr-476	440	10	review	review	NOUN
ftr-476	440	11	property	property	NOUN
ftr-476	440	12	is	be	AUX
ftr-476	440	13	transferred	transfer	VERB
ftr-476	440	14	subject	subject	ADJ
ftr-476	440	15	to	to	ADP
ftr-476	440	16	debt	debt	NOUN
ftr-476	440	17	,	,	PUNCT
ftr-476	440	18	authorities	authority	NOUN
ftr-476	440	19	support	support	VERB
ftr-476	440	20	the	the	DET
ftr-476	440	21	view	view	NOUN
ftr-476	440	22	that	that	SCONJ
ftr-476	440	23	the	the	DET
ftr-476	440	24	phrase	phrase	NOUN
ftr-476	440	25	"	"	PUNCT
ftr-476	440	26	subject	subject	ADJ
ftr-476	440	27	to	to	ADP
ftr-476	440	28	"	"	PUNCT
ftr-476	440	29	is	be	AUX
ftr-476	440	30	not	not	PART
ftr-476	440	31	to	to	PART
ftr-476	440	32	be	be	AUX
ftr-476	440	33	interpreted	interpret	VERB
ftr-476	440	34	literally	literally	ADV
ftr-476	440	35	to	to	PART
ftr-476	440	36	encompass	encompass	VERB
ftr-476	440	37	every	every	DET
ftr-476	440	38	debt	debt	NOUN
ftr-476	440	39	that	that	PRON
ftr-476	440	40	nominally	nominally	ADV
ftr-476	440	41	encumbers	encumber	VERB
ftr-476	440	42	transferred	transfer	VERB
ftr-476	440	43	property.7	property.7	NOUN
ftr-476	440	44	°	°	ADP
ftr-476	440	45	parallel	parallel	ADJ
ftr-476	440	46	with	with	ADP
ftr-476	440	47	that	that	DET
ftr-476	440	48	authority	authority	NOUN
ftr-476	440	49	,	,	PUNCT
ftr-476	440	50	a	a	DET
ftr-476	440	51	court	court	NOUN
ftr-476	440	52	can	can	AUX
ftr-476	440	53	and	and	CCONJ
ftr-476	440	54	should	should	AUX
ftr-476	440	55	find	find	VERB
ftr-476	440	56	that	that	SCONJ
ftr-476	440	57	property	property	NOUN
ftr-476	440	58	transferred	transfer	VERB
ftr-476	440	59	in	in	ADP
ftr-476	440	60	a	a	DET
ftr-476	440	61	section	section	NOUN
ftr-476	440	62	351	351	NUM
ftr-476	440	63	transaction	transaction	NOUN
ftr-476	440	64	is	be	AUX
ftr-476	440	65	not	not	PART
ftr-476	440	66	subject	subject	ADJ
ftr-476	440	67	to	to	ADP
ftr-476	440	68	debt	debt	NOUN
ftr-476	440	69	if	if	SCONJ
ftr-476	440	70	all	all	PRON
ftr-476	440	71	of	of	ADP
ftr-476	440	72	the	the	DET
ftr-476	440	73	following	follow	VERB
ftr-476	440	74	conditions	condition	NOUN
ftr-476	440	75	are	be	AUX
ftr-476	440	76	met	meet	VERB
ftr-476	440	77	:	:	PUNCT
ftr-476	440	78	(	(	PUNCT
ftr-476	440	79	1	1	X
ftr-476	440	80	)	)	PUNCT
ftr-476	440	81	the	the	DET
ftr-476	440	82	transferor	transferor	NOUN
ftr-476	440	83	is	be	AUX
ftr-476	440	84	personally	personally	ADV
ftr-476	440	85	liable	liable	ADJ
ftr-476	440	86	to	to	ADP
ftr-476	440	87	the	the	DET
ftr-476	440	88	outside	outside	ADJ
ftr-476	440	89	creditor	creditor	NOUN
ftr-476	440	90	on	on	ADP
ftr-476	440	91	the	the	DET
ftr-476	440	92	debts	debt	NOUN
ftr-476	440	93	to	to	PART
ftr-476	440	94	which	which	PRON
ftr-476	440	95	the	the	DET
ftr-476	440	96	transferred	transfer	VERB
ftr-476	440	97	property	property	NOUN
ftr-476	440	98	is	be	AUX
ftr-476	440	99	subject	subject	ADJ
ftr-476	440	100	and	and	CCONJ
ftr-476	440	101	does	do	AUX
ftr-476	440	102	not	not	PART
ftr-476	440	103	cause	cause	VERB
ftr-476	440	104	the	the	DET
ftr-476	440	105	corporation	corporation	NOUN
ftr-476	440	106	to	to	PART
ftr-476	440	107	assume	assume	VERB
ftr-476	440	108	the	the	DET
ftr-476	440	109	debts	debt	NOUN
ftr-476	440	110	;	;	PUNCT
ftr-476	440	111	(	(	PUNCT
ftr-476	440	112	2	2	X
ftr-476	440	113	)	)	PUNCT
ftr-476	440	114	the	the	DET
ftr-476	440	115	transferor	transferor	NOUN
ftr-476	440	116	negates	negate	VERB
ftr-476	440	117	any	any	DET
ftr-476	440	118	assumption	assumption	NOUN
ftr-476	440	119	that	that	PRON
ftr-476	440	120	would	would	AUX
ftr-476	440	121	occur	occur	VERB
ftr-476	440	122	presumptively	presumptively	ADV
ftr-476	440	123	under	under	ADP
ftr-476	440	124	state	state	NOUN
ftr-476	440	125	law	law	NOUN
ftr-476	440	126	;	;	PUNCT
ftr-476	440	127	and	and	CCONJ
ftr-476	440	128	(	(	PUNCT
ftr-476	440	129	3	3	X
ftr-476	440	130	)	)	PUNCT
ftr-476	440	131	the	the	DET
ftr-476	440	132	transferor	transferor	NOUN
ftr-476	440	133	affirmatively	affirmatively	ADV
ftr-476	440	134	contracts	contract	VERB
ftr-476	440	135	with	with	ADP
ftr-476	440	136	the	the	DET
ftr-476	440	137	corporation	corporation	NOUN
ftr-476	440	138	to	to	PART
ftr-476	440	139	pay	pay	VERB
ftr-476	440	140	directly	directly	ADV
ftr-476	440	141	to	to	ADP
ftr-476	440	142	the	the	DET
ftr-476	440	143	creditor	creditor	NOUN
ftr-476	440	144	the	the	DET
ftr-476	440	145	debts	debt	NOUN
ftr-476	440	146	to	to	PART
ftr-476	440	147	which	which	PRON
ftr-476	440	148	the	the	DET
ftr-476	440	149	transferred	transfer	VERB
ftr-476	440	150	property	property	NOUN
ftr-476	440	151	is	be	AUX
ftr-476	440	152	subject	subject	ADJ
ftr-476	440	153	and	and	CCONJ
ftr-476	440	154	to	to	PART
ftr-476	440	155	exonerate	exonerate	VERB
ftr-476	440	156	the	the	DET
ftr-476	440	157	property	property	NOUN
ftr-476	440	158	from	from	ADP
ftr-476	440	159	the	the	DET
ftr-476	440	160	burden	burden	NOUN
ftr-476	440	161	of	of	ADP
ftr-476	440	162	the	the	DET
ftr-476	440	163	debts	debt	NOUN
ftr-476	440	164	,	,	PUNCT
ftr-476	440	165	and	and	CCONJ
ftr-476	440	166	the	the	DET
ftr-476	440	167	transferor	transferor	NOUN
ftr-476	440	168	performs	perform	VERB
ftr-476	440	169	that	that	DET
ftr-476	440	170	contract	contract	NOUN
ftr-476	440	171	.	.	PUNCT
ftr-476	441	1	a.	a.	NOUN
ftr-476	441	2	section	section	PROPN
ftr-476	441	3	1001.-most	1001.-most	PROPN
ftr-476	441	4	importantly	importantly	ADV
ftr-476	441	5	,	,	PUNCT
ftr-476	441	6	the	the	DET
ftr-476	441	7	presumption	presumption	NOUN
ftr-476	441	8	of	of	ADP
ftr-476	441	9	debt	debt	NOUN
ftr-476	441	10	relief	relief	NOUN
ftr-476	441	11	should	should	AUX
ftr-476	441	12	be	be	AUX
ftr-476	441	13	overcome	overcome	VERB
ftr-476	441	14	if	if	SCONJ
ftr-476	441	15	the	the	DET
ftr-476	441	16	circumstances	circumstance	NOUN
ftr-476	441	17	prevent	prevent	VERB
ftr-476	441	18	the	the	DET
ftr-476	441	19	debt	debt	NOUN
ftr-476	441	20	from	from	ADP
ftr-476	441	21	being	be	AUX
ftr-476	441	22	included	include	VERB
ftr-476	441	23	in	in	ADP
ftr-476	441	24	the	the	DET
ftr-476	441	25	transferor	transferor	NOUN
ftr-476	441	26	's	's	PART
ftr-476	441	27	amount	amount	NOUN
ftr-476	441	28	realized	realize	VERB
ftr-476	441	29	for	for	ADP
ftr-476	441	30	purposes	purpose	NOUN
ftr-476	441	31	of	of	ADP
ftr-476	441	32	section	section	NOUN
ftr-476	441	33	1001	1001	NUM
ftr-476	441	34	.	.	PUNCT
ftr-476	442	1	this	this	PRON
ftr-476	442	2	is	be	AUX
ftr-476	442	3	so	so	ADV
ftr-476	442	4	because	because	SCONJ
ftr-476	442	5	section	section	NOUN
ftr-476	442	6	357(c	357(c	PROPN
ftr-476	442	7	)	)	PUNCT
ftr-476	442	8	was	be	AUX
ftr-476	442	9	intended	intend	VERB
ftr-476	442	10	to	to	PART
ftr-476	442	11	apply	apply	VERB
ftr-476	442	12	only	only	ADV
ftr-476	442	13	to	to	ADP
ftr-476	442	14	those	those	DET
ftr-476	442	15	debts	debt	NOUN
ftr-476	442	16	referred	refer	VERB
ftr-476	442	17	to	to	ADP
ftr-476	442	18	in	in	ADP
ftr-476	442	19	section	section	NOUN
ftr-476	442	20	357(a),71	357(a),71	NUM
ftr-476	442	21	which	which	PRON
ftr-476	442	22	provides	provide	VERB
ftr-476	442	23	that	that	SCONJ
ftr-476	442	24	in	in	ADP
ftr-476	442	25	an	an	DET
ftr-476	442	26	otherwise	otherwise	ADJ
ftr-476	442	27	qualify70	qualify70	NOUN
ftr-476	442	28	.	.	PUNCT
ftr-476	443	1	analogous	analogous	ADJ
ftr-476	443	2	issues	issue	NOUN
ftr-476	443	3	arise	arise	VERB
ftr-476	443	4	under	under	ADP
ftr-476	443	5	several	several	ADJ
ftr-476	443	6	provisions	provision	NOUN
ftr-476	443	7	in	in	ADP
ftr-476	443	8	addition	addition	NOUN
ftr-476	443	9	to	to	ADP
ftr-476	443	10	those	those	PRON
ftr-476	443	11	discussed	discuss	VERB
ftr-476	443	12	in	in	ADP
ftr-476	443	13	the	the	DET
ftr-476	443	14	text	text	NOUN
ftr-476	443	15	.	.	PUNCT
ftr-476	444	1	section	section	NOUN
ftr-476	444	2	1041(a	1041(a	NUM
ftr-476	444	3	)	)	PUNCT
ftr-476	444	4	provides	provide	VERB
ftr-476	444	5	that	that	SCONJ
ftr-476	444	6	exchanges	exchange	NOUN
ftr-476	444	7	between	between	ADP
ftr-476	444	8	spouses	spouse	NOUN
ftr-476	444	9	are	be	AUX
ftr-476	444	10	nontaxable	nontaxable	ADJ
ftr-476	444	11	and	and	CCONJ
ftr-476	444	12	the	the	DET
ftr-476	444	13	basis	basis	NOUN
ftr-476	444	14	of	of	ADP
ftr-476	444	15	the	the	DET
ftr-476	444	16	property	property	NOUN
ftr-476	444	17	exchanged	exchange	VERB
ftr-476	444	18	carries	carry	VERB
ftr-476	444	19	over	over	ADP
ftr-476	444	20	to	to	ADP
ftr-476	444	21	the	the	DET
ftr-476	444	22	spouse	spouse	NOUN
ftr-476	444	23	.	.	PUNCT
ftr-476	445	1	section	section	NOUN
ftr-476	445	2	1041(e	1041(e	PROPN
ftr-476	445	3	)	)	PUNCT
ftr-476	446	1	,	,	PUNCT
ftr-476	446	2	added	add	VERB
ftr-476	446	3	in	in	ADP
ftr-476	446	4	1986	1986	NUM
ftr-476	446	5	,	,	PUNCT
ftr-476	446	6	provides	provide	VERB
ftr-476	446	7	that	that	SCONJ
ftr-476	446	8	§	§	PROPN
ftr-476	446	9	1041(a	1041(a	NUM
ftr-476	446	10	)	)	PUNCT
ftr-476	446	11	does	do	AUX
ftr-476	446	12	not	not	PART
ftr-476	446	13	apply	apply	VERB
ftr-476	446	14	when	when	SCONJ
ftr-476	446	15	property	property	NOUN
ftr-476	446	16	subject	subject	NOUN
ftr-476	446	17	to	to	ADP
ftr-476	446	18	debt	debt	NOUN
ftr-476	446	19	in	in	ADP
ftr-476	446	20	excess	excess	NOUN
ftr-476	446	21	of	of	ADP
ftr-476	446	22	its	its	PRON
ftr-476	446	23	basis	basis	NOUN
ftr-476	446	24	is	be	AUX
ftr-476	446	25	transferred	transfer	VERB
ftr-476	446	26	to	to	ADP
ftr-476	446	27	a	a	DET
ftr-476	446	28	trust	trust	NOUN
ftr-476	446	29	;	;	PUNCT
ftr-476	446	30	rather	rather	ADV
ftr-476	446	31	,	,	PUNCT
ftr-476	446	32	the	the	DET
ftr-476	446	33	transferor	transferor	NOUN
ftr-476	446	34	recognizes	recognize	VERB
ftr-476	446	35	the	the	DET
ftr-476	446	36	excess	excess	NOUN
ftr-476	446	37	as	as	ADP
ftr-476	446	38	income	income	NOUN
ftr-476	446	39	.	.	PUNCT
ftr-476	447	1	the	the	DET
ftr-476	447	2	legislative	legislative	ADJ
ftr-476	447	3	history	history	NOUN
ftr-476	447	4	gives	give	VERB
ftr-476	447	5	no	no	DET
ftr-476	447	6	clue	clue	NOUN
ftr-476	447	7	to	to	ADP
ftr-476	447	8	the	the	DET
ftr-476	447	9	intent	intent	NOUN
ftr-476	447	10	behind	behind	ADP
ftr-476	447	11	§	§	PROPN
ftr-476	447	12	1041(e	1041(e	NOUN
ftr-476	447	13	)	)	PUNCT
ftr-476	447	14	.	.	PUNCT
ftr-476	448	1	h.	h.	PROPN
ftr-476	448	2	rep	rep	PROPN
ftr-476	448	3	.	.	PROPN
ftr-476	449	1	no	no	INTJ
ftr-476	449	2	.	.	NOUN
ftr-476	449	3	426	426	NUM
ftr-476	449	4	,	,	PUNCT
ftr-476	449	5	99th	99th	ADJ
ftr-476	449	6	cong	cong	NOUN
ftr-476	449	7	.	.	PUNCT
ftr-476	450	1	1st	1st	ADJ
ftr-476	450	2	sess	sess	NOUN
ftr-476	450	3	.	.	PUNCT
ftr-476	451	1	977	977	NUM
ftr-476	451	2	(	(	PUNCT
ftr-476	451	3	1985	1985	NUM
ftr-476	451	4	)	)	PUNCT
ftr-476	451	5	.	.	PUNCT
ftr-476	452	1	however	however	ADV
ftr-476	452	2	,	,	PUNCT
ftr-476	452	3	a	a	DET
ftr-476	452	4	companion	companion	NOUN
ftr-476	452	5	amendment	amendment	NOUN
ftr-476	452	6	to	to	ADP
ftr-476	452	7	§	§	PROPN
ftr-476	452	8	453b(g	453b(g	PROPN
ftr-476	452	9	)	)	PUNCT
ftr-476	452	10	provides	provide	VERB
ftr-476	452	11	that	that	SCONJ
ftr-476	452	12	the	the	DET
ftr-476	452	13	rule	rule	NOUN
ftr-476	452	14	allowing	allow	VERB
ftr-476	452	15	installment	installment	ADJ
ftr-476	452	16	obligations	obligation	NOUN
ftr-476	452	17	to	to	PART
ftr-476	452	18	be	be	AUX
ftr-476	452	19	transferred	transfer	VERB
ftr-476	452	20	from	from	ADP
ftr-476	452	21	spouse	spouse	NOUN
ftr-476	452	22	to	to	ADP
ftr-476	452	23	spouse	spouse	NOUN
ftr-476	452	24	without	without	ADP
ftr-476	452	25	triggering	trigger	VERB
ftr-476	452	26	gain	gain	NOUN
ftr-476	452	27	recognition	recognition	NOUN
ftr-476	452	28	does	do	AUX
ftr-476	452	29	not	not	PART
ftr-476	452	30	apply	apply	VERB
ftr-476	452	31	to	to	ADP
ftr-476	452	32	a	a	DET
ftr-476	452	33	transfer	transfer	NOUN
ftr-476	452	34	to	to	ADP
ftr-476	452	35	a	a	DET
ftr-476	452	36	trust	trust	NOUN
ftr-476	452	37	.	.	PUNCT
ftr-476	453	1	these	these	DET
ftr-476	453	2	two	two	NUM
ftr-476	453	3	rules	rule	NOUN
ftr-476	453	4	seem	seem	VERB
ftr-476	453	5	to	to	PART
ftr-476	453	6	reflect	reflect	VERB
ftr-476	453	7	a	a	DET
ftr-476	453	8	view	view	NOUN
ftr-476	453	9	that	that	SCONJ
ftr-476	453	10	the	the	DET
ftr-476	453	11	trust	trust	NOUN
ftr-476	453	12	is	be	AUX
ftr-476	453	13	not	not	PART
ftr-476	453	14	the	the	DET
ftr-476	453	15	spouse	spouse	NOUN
ftr-476	453	16	and	and	CCONJ
ftr-476	453	17	simply	simply	ADV
ftr-476	453	18	seek	seek	VERB
ftr-476	453	19	to	to	PART
ftr-476	453	20	impose	impose	VERB
ftr-476	453	21	the	the	DET
ftr-476	453	22	normal	normal	ADJ
ftr-476	453	23	recognition	recognition	NOUN
ftr-476	453	24	and	and	CCONJ
ftr-476	453	25	application	application	NOUN
ftr-476	453	26	of	of	ADP
ftr-476	453	27	§	§	PROPN
ftr-476	453	28	1001	1001	NUM
ftr-476	453	29	.	.	PUNCT
ftr-476	454	1	thus	thus	ADV
ftr-476	454	2	,	,	PUNCT
ftr-476	454	3	§	§	PROPN
ftr-476	454	4	1041(e	1041(e	NOUN
ftr-476	454	5	)	)	PUNCT
ftr-476	454	6	does	do	AUX
ftr-476	454	7	not	not	PART
ftr-476	454	8	prove	prove	VERB
ftr-476	454	9	that	that	SCONJ
ftr-476	454	10	"	"	PUNCT
ftr-476	454	11	subject	subject	ADJ
ftr-476	454	12	to	to	ADP
ftr-476	454	13	"	"	PUNCT
ftr-476	454	14	debt	debt	NOUN
ftr-476	454	15	must	must	AUX
ftr-476	454	16	inevitably	inevitably	ADV
ftr-476	454	17	be	be	AUX
ftr-476	454	18	realized	realize	VERB
ftr-476	454	19	by	by	ADP
ftr-476	454	20	the	the	DET
ftr-476	454	21	property	property	NOUN
ftr-476	454	22	transferor	transferor	NOUN
ftr-476	454	23	.	.	PUNCT
ftr-476	455	1	under	under	ADP
ftr-476	455	2	§	§	PROPN
ftr-476	455	3	956	956	NUM
ftr-476	455	4	,	,	PUNCT
ftr-476	455	5	u.s	u.s	PROPN
ftr-476	455	6	.	.	PROPN
ftr-476	455	7	shareholders	shareholder	NOUN
ftr-476	455	8	of	of	ADP
ftr-476	455	9	a	a	DET
ftr-476	455	10	controlled	control	VERB
ftr-476	455	11	foreign	foreign	ADJ
ftr-476	455	12	corporation	corporation	NOUN
ftr-476	455	13	are	be	AUX
ftr-476	455	14	taxed	tax	VERB
ftr-476	455	15	on	on	ADP
ftr-476	455	16	any	any	DET
ftr-476	455	17	increase	increase	NOUN
ftr-476	455	18	in	in	ADP
ftr-476	455	19	the	the	DET
ftr-476	455	20	amount	amount	NOUN
ftr-476	455	21	of	of	ADP
ftr-476	455	22	the	the	DET
ftr-476	455	23	cfc	cfc	NOUN
ftr-476	455	24	's	's	PART
ftr-476	455	25	undistributed	undistributed	ADJ
ftr-476	455	26	earnings	earning	NOUN
ftr-476	455	27	that	that	PRON
ftr-476	455	28	is	be	AUX
ftr-476	455	29	invested	invest	VERB
ftr-476	455	30	in	in	ADP
ftr-476	455	31	u.s	u.s	PROPN
ftr-476	455	32	.	.	PROPN
ftr-476	455	33	property	property	NOUN
ftr-476	455	34	.	.	PUNCT
ftr-476	456	1	the	the	DET
ftr-476	456	2	amount	amount	NOUN
ftr-476	456	3	invested	invest	VERB
ftr-476	456	4	in	in	ADP
ftr-476	456	5	property	property	NOUN
ftr-476	456	6	is	be	AUX
ftr-476	456	7	its	its	PRON
ftr-476	456	8	basis	basis	NOUN
ftr-476	456	9	,	,	PUNCT
ftr-476	456	10	reduced	reduce	VERB
ftr-476	456	11	by	by	ADP
ftr-476	456	12	liabilities	liability	NOUN
ftr-476	456	13	to	to	PART
ftr-476	456	14	which	which	PRON
ftr-476	456	15	it	it	PRON
ftr-476	456	16	is	be	AUX
ftr-476	456	17	subject	subject	ADJ
ftr-476	456	18	.	.	PUNCT
ftr-476	457	1	apparently	apparently	ADV
ftr-476	457	2	,	,	PUNCT
ftr-476	457	3	the	the	DET
ftr-476	457	4	idea	idea	NOUN
ftr-476	457	5	is	be	AUX
ftr-476	457	6	that	that	SCONJ
ftr-476	457	7	there	there	PRON
ftr-476	457	8	has	have	AUX
ftr-476	457	9	been	be	AUX
ftr-476	457	10	no	no	DET
ftr-476	457	11	repatriation	repatriation	NOUN
ftr-476	457	12	of	of	ADP
ftr-476	457	13	the	the	DET
ftr-476	457	14	cfc	cfc	NOUN
ftr-476	457	15	's	's	PART
ftr-476	457	16	earnings	earning	NOUN
ftr-476	457	17	to	to	ADP
ftr-476	457	18	the	the	DET
ftr-476	457	19	extent	extent	NOUN
ftr-476	457	20	of	of	ADP
ftr-476	457	21	the	the	DET
ftr-476	457	22	liabilities	liability	NOUN
ftr-476	457	23	against	against	ADP
ftr-476	457	24	the	the	DET
ftr-476	457	25	property	property	NOUN
ftr-476	457	26	.	.	PUNCT
ftr-476	458	1	however	however	ADV
ftr-476	458	2	,	,	PUNCT
ftr-476	458	3	the	the	DET
ftr-476	458	4	regulations	regulation	NOUN
ftr-476	458	5	provide	provide	VERB
ftr-476	458	6	that	that	SCONJ
ftr-476	458	7	the	the	DET
ftr-476	458	8	reduction	reduction	NOUN
ftr-476	458	9	is	be	AUX
ftr-476	458	10	not	not	PART
ftr-476	458	11	allowed	allow	VERB
ftr-476	458	12	if	if	SCONJ
ftr-476	458	13	the	the	DET
ftr-476	458	14	property	property	NOUN
ftr-476	458	15	is	be	AUX
ftr-476	458	16	an	an	DET
ftr-476	458	17	obligation	obligation	NOUN
ftr-476	458	18	of	of	ADP
ftr-476	458	19	a	a	DET
ftr-476	458	20	related	related	ADJ
ftr-476	458	21	person	person	NOUN
ftr-476	458	22	and	and	CCONJ
ftr-476	458	23	the	the	DET
ftr-476	458	24	debt	debt	NOUN
ftr-476	458	25	encumbering	encumber	VERB
ftr-476	458	26	it	it	PRON
ftr-476	458	27	is	be	AUX
ftr-476	458	28	with	with	ADP
ftr-476	458	29	recourse	recourse	NOUN
ftr-476	458	30	to	to	ADP
ftr-476	458	31	the	the	DET
ftr-476	458	32	cfc	cfc	PROPN
ftr-476	458	33	.	.	PUNCT
ftr-476	459	1	temp	temp	NOUN
ftr-476	459	2	.	.	PUNCT
ftr-476	460	1	regs	regs	PROPN
ftr-476	460	2	.	.	PUNCT
ftr-476	461	1	§	§	PROPN
ftr-476	461	2	1.956	1.956	NUM
ftr-476	461	3	-	-	SYM
ftr-476	461	4	1(e)(5	1(e)(5	NUM
ftr-476	461	5	)	)	PUNCT
ftr-476	461	6	.	.	PUNCT
ftr-476	462	1	see	see	AUX
ftr-476	462	2	also	also	ADV
ftr-476	462	3	irc	irc	VERB
ftr-476	462	4	§	§	PROPN
ftr-476	462	5	312(c	312(c	PROPN
ftr-476	462	6	)	)	PUNCT
ftr-476	462	7	(	(	PUNCT
ftr-476	462	8	requiring	require	VERB
ftr-476	462	9	that	that	SCONJ
ftr-476	462	10	the	the	DET
ftr-476	462	11	reduction	reduction	NOUN
ftr-476	462	12	of	of	ADP
ftr-476	462	13	corporate	corporate	ADJ
ftr-476	462	14	earnings	earning	NOUN
ftr-476	462	15	and	and	CCONJ
ftr-476	462	16	profits	profit	NOUN
ftr-476	462	17	upon	upon	SCONJ
ftr-476	462	18	a	a	DET
ftr-476	462	19	distribution	distribution	NOUN
ftr-476	462	20	of	of	ADP
ftr-476	462	21	property	property	NOUN
ftr-476	462	22	be	be	AUX
ftr-476	462	23	offset	offset	VERB
ftr-476	462	24	by	by	ADP
ftr-476	462	25	the	the	DET
ftr-476	462	26	amount	amount	NOUN
ftr-476	462	27	of	of	ADP
ftr-476	462	28	debt	debt	NOUN
ftr-476	462	29	to	to	PART
ftr-476	462	30	which	which	PRON
ftr-476	462	31	the	the	DET
ftr-476	462	32	property	property	NOUN
ftr-476	462	33	is	be	AUX
ftr-476	462	34	subject	subject	ADJ
ftr-476	462	35	)	)	PUNCT
ftr-476	462	36	;	;	PUNCT
ftr-476	462	37	§	§	PROPN
ftr-476	462	38	336(b	336(b	NUM
ftr-476	462	39	)	)	PUNCT
ftr-476	462	40	(	(	PUNCT
ftr-476	462	41	presuming	presume	VERB
ftr-476	462	42	that	that	SCONJ
ftr-476	462	43	the	the	DET
ftr-476	462	44	fair	fair	ADJ
ftr-476	462	45	market	market	NOUN
ftr-476	462	46	value	value	NOUN
ftr-476	462	47	of	of	ADP
ftr-476	462	48	property	property	NOUN
ftr-476	462	49	distributed	distribute	VERB
ftr-476	462	50	in	in	ADP
ftr-476	462	51	corporate	corporate	ADJ
ftr-476	462	52	liquidation	liquidation	NOUN
ftr-476	462	53	is	be	AUX
ftr-476	462	54	not	not	PART
ftr-476	462	55	less	less	ADJ
ftr-476	462	56	than	than	ADP
ftr-476	462	57	the	the	DET
ftr-476	462	58	amount	amount	NOUN
ftr-476	462	59	of	of	ADP
ftr-476	462	60	any	any	DET
ftr-476	462	61	liability	liability	NOUN
ftr-476	462	62	to	to	PART
ftr-476	462	63	which	which	PRON
ftr-476	462	64	the	the	DET
ftr-476	462	65	property	property	NOUN
ftr-476	462	66	is	be	AUX
ftr-476	462	67	subject	subject	ADJ
ftr-476	462	68	)	)	PUNCT
ftr-476	462	69	.	.	PUNCT
ftr-476	463	1	71	71	NUM
ftr-476	463	2	.	.	X
ftr-476	464	1	focht	focht	PROPN
ftr-476	464	2	v.	v.	ADP
ftr-476	464	3	commissioner	commissioner	NOUN
ftr-476	464	4	,	,	PUNCT
ftr-476	464	5	68	68	NUM
ftr-476	464	6	t.c	t.c	PROPN
ftr-476	464	7	.	.	PROPN
ftr-476	464	8	223	223	NUM
ftr-476	464	9	,	,	PUNCT
ftr-476	464	10	233	233	NUM
ftr-476	464	11	(	(	PUNCT
ftr-476	464	12	1977	1977	NUM
ftr-476	464	13	)	)	PUNCT
ftr-476	464	14	.	.	PUNCT
ftr-476	465	1	see	see	VERB
ftr-476	465	2	generally	generally	ADV
ftr-476	465	3	douglas	douglas	PROPN
ftr-476	465	4	a.	a.	PROPN
ftr-476	465	5	kahn	kahn	PROPN
ftr-476	465	6	&	&	CCONJ
ftr-476	465	7	dale	dale	PROPN
ftr-476	465	8	a.	a.	NOUN
ftr-476	465	9	oesterle	oesterle	PROPN
ftr-476	465	10	,	,	PUNCT
ftr-476	465	11	a	a	DET
ftr-476	465	12	definition	definition	NOUN
ftr-476	465	13	of	of	ADP
ftr-476	465	14	"	"	PUNCT
ftr-476	465	15	liabilities	liability	NOUN
ftr-476	465	16	"	"	PUNCT
ftr-476	465	17	in	in	ADP
ftr-476	465	18	internal	internal	ADJ
ftr-476	465	19	revenue	revenue	NOUN
ftr-476	465	20	code	code	NOUN
ftr-476	465	21	section	section	NOUN
ftr-476	465	22	357	357	NUM
ftr-476	465	23	and	and	CCONJ
ftr-476	465	24	358(d	358(d	NUM
ftr-476	465	25	)	)	PUNCT
ftr-476	465	26	,	,	PUNCT
ftr-476	465	27	77	77	NUM
ftr-476	465	28	mich	mich	PROPN
ftr-476	465	29	.	.	PUNCT
ftr-476	466	1	l.	l.	PROPN
ftr-476	466	2	rev	rev	PROPN
ftr-476	466	3	.	.	PROPN
ftr-476	467	1	461	461	NUM
ftr-476	467	2	(	(	PUNCT
ftr-476	467	3	1975	1975	NUM
ftr-476	467	4	)	)	PUNCT
ftr-476	467	5	.	.	PUNCT
ftr-476	468	1	in	in	ADP
ftr-476	468	2	enacting	enact	VERB
ftr-476	468	3	§	§	PROPN
ftr-476	468	4	357(c)(3	357(c)(3	NOUN
ftr-476	468	5	)	)	PUNCT
ftr-476	468	6	,	,	PUNCT
ftr-476	468	7	providing	provide	VERB
ftr-476	468	8	that	that	SCONJ
ftr-476	468	9	items	item	NOUN
ftr-476	468	10	deductible	deductible	ADJ
ftr-476	468	11	on	on	ADP
ftr-476	468	12	payment	payment	NOUN
ftr-476	468	13	are	be	AUX
ftr-476	468	14	not	not	PART
ftr-476	468	15	liabilities	liability	NOUN
ftr-476	468	16	for	for	ADP
ftr-476	468	17	purposes	purpose	NOUN
ftr-476	468	18	of	of	ADP
ftr-476	468	19	§	§	PROPN
ftr-476	468	20	357(c	357(c	PROPN
ftr-476	468	21	)	)	PUNCT
ftr-476	468	22	,	,	PUNCT
ftr-476	468	23	congress	congress	PROPN
ftr-476	468	24	stated	state	VERB
ftr-476	468	25	that	that	SCONJ
ftr-476	468	26	it	it	PRON
ftr-476	468	27	did	do	AUX
ftr-476	468	28	[	[	X
ftr-476	468	29	vol	vol	NOUN
ftr-476	468	30	2:5	2:5	NUM
ftr-476	468	31	zero	zero	NUM
ftr-476	468	32	basis	basis	NOUN
ftr-476	468	33	hoar	hoar	NOUN
ftr-476	468	34	ing	ing	PROPN
ftr-476	468	35	section	section	NOUN
ftr-476	468	36	351	351	NUM
ftr-476	468	37	transaction	transaction	NOUN
ftr-476	468	38	,	,	PUNCT
ftr-476	468	39	the	the	DET
ftr-476	468	40	transferee	transferee	NOUN
ftr-476	468	41	's	's	PART
ftr-476	468	42	assumption	assumption	NOUN
ftr-476	468	43	of	of	ADP
ftr-476	468	44	a	a	DET
ftr-476	468	45	transferor	transferor	NOUN
ftr-476	468	46	's	's	PART
ftr-476	468	47	debts	debt	NOUN
ftr-476	468	48	,	,	PUNCT
ftr-476	468	49	or	or	CCONJ
ftr-476	468	50	the	the	DET
ftr-476	468	51	taking	taking	NOUN
ftr-476	468	52	of	of	ADP
ftr-476	468	53	property	property	NOUN
ftr-476	468	54	subject	subject	NOUN
ftr-476	468	55	to	to	ADP
ftr-476	468	56	such	such	ADJ
ftr-476	468	57	debts	debt	NOUN
ftr-476	468	58	,	,	PUNCT
ftr-476	468	59	is	be	AUX
ftr-476	468	60	generally	generally	ADV
ftr-476	468	61	not	not	PART
ftr-476	468	62	treated	treat	VERB
ftr-476	468	63	as	as	ADP
ftr-476	468	64	a	a	DET
ftr-476	468	65	receipt	receipt	NOUN
ftr-476	468	66	of	of	ADP
ftr-476	468	67	money	money	NOUN
ftr-476	468	68	or	or	CCONJ
ftr-476	468	69	other	other	ADJ
ftr-476	468	70	property	property	NOUN
ftr-476	468	71	(	(	PUNCT
ftr-476	468	72	boot	boot	NOUN
ftr-476	468	73	)	)	PUNCT
ftr-476	468	74	by	by	ADP
ftr-476	468	75	the	the	DET
ftr-476	468	76	transferor	transferor	NOUN
ftr-476	468	77	.	.	PUNCT
ftr-476	469	1	if	if	SCONJ
ftr-476	469	2	a	a	DET
ftr-476	469	3	debt	debt	NOUN
ftr-476	469	4	is	be	AUX
ftr-476	469	5	not	not	PART
ftr-476	469	6	included	include	VERB
ftr-476	469	7	in	in	ADP
ftr-476	469	8	the	the	DET
ftr-476	469	9	amount	amount	NOUN
ftr-476	469	10	realized	realize	VERB
ftr-476	469	11	under	under	ADP
ftr-476	469	12	section	section	NOUN
ftr-476	469	13	1001	1001	NUM
ftr-476	469	14	,	,	PUNCT
ftr-476	469	15	it	it	PRON
ftr-476	469	16	could	could	AUX
ftr-476	469	17	not	not	PART
ftr-476	469	18	be	be	AUX
ftr-476	469	19	subject	subject	ADJ
ftr-476	469	20	to	to	ADP
ftr-476	469	21	section	section	NOUN
ftr-476	469	22	357(a	357(a	NUM
ftr-476	469	23	)	)	PUNCT
ftr-476	469	24	and	and	CCONJ
ftr-476	469	25	hence	hence	ADV
ftr-476	469	26	should	should	AUX
ftr-476	469	27	not	not	PART
ftr-476	469	28	be	be	AUX
ftr-476	469	29	subject	subject	ADJ
ftr-476	469	30	to	to	ADP
ftr-476	469	31	section	section	NOUN
ftr-476	469	32	357(c	357(c	PROPN
ftr-476	469	33	)	)	PUNCT
ftr-476	469	34	.	.	PUNCT
ftr-476	470	1	the	the	DET
ftr-476	470	2	regulations	regulation	NOUN
ftr-476	470	3	provide	provide	VERB
ftr-476	470	4	that	that	SCONJ
ftr-476	470	5	the	the	DET
ftr-476	470	6	amount	amount	NOUN
ftr-476	470	7	realized	realize	VERB
ftr-476	470	8	on	on	ADP
ftr-476	470	9	a	a	DET
ftr-476	470	10	disposition	disposition	NOUN
ftr-476	470	11	of	of	ADP
ftr-476	470	12	property	property	NOUN
ftr-476	470	13	includes	include	VERB
ftr-476	470	14	any	any	DET
ftr-476	470	15	debt	debt	NOUN
ftr-476	470	16	of	of	ADP
ftr-476	470	17	the	the	DET
ftr-476	470	18	transferor	transferor	NOUN
ftr-476	470	19	that	that	PRON
ftr-476	470	20	is	be	AUX
ftr-476	470	21	"	"	PUNCT
ftr-476	470	22	discharged	discharge	VERB
ftr-476	470	23	"	"	PUNCT
ftr-476	470	24	in	in	ADP
ftr-476	470	25	the	the	DET
ftr-476	470	26	transaction.72	transaction.72	NOUN
ftr-476	470	27	moreover	moreover	ADV
ftr-476	470	28	,	,	PUNCT
ftr-476	470	29	"	"	PUNCT
ftr-476	470	30	[	[	X
ftr-476	470	31	t]he	t]he	X
ftr-476	470	32	sale	sale	NOUN
ftr-476	470	33	or	or	CCONJ
ftr-476	470	34	other	other	ADJ
ftr-476	470	35	disposition	disposition	NOUN
ftr-476	470	36	of	of	ADP
ftr-476	470	37	property	property	NOUN
ftr-476	470	38	that	that	PRON
ftr-476	470	39	secures	secure	VERB
ftr-476	470	40	a	a	DET
ftr-476	470	41	recourse	recourse	NOUN
ftr-476	470	42	liability	liability	NOUN
ftr-476	470	43	discharges	discharge	NOUN
ftr-476	470	44	the	the	DET
ftr-476	470	45	transferor	transferor	NOUN
ftr-476	470	46	from	from	ADP
ftr-476	470	47	the	the	DET
ftr-476	470	48	liability	liability	NOUN
ftr-476	470	49	if	if	SCONJ
ftr-476	470	50	another	another	DET
ftr-476	470	51	person	person	NOUN
ftr-476	470	52	agrees	agree	VERB
ftr-476	470	53	to	to	PART
ftr-476	470	54	pay	pay	VERB
ftr-476	470	55	the	the	DET
ftr-476	470	56	liability	liability	NOUN
ftr-476	470	57	(	(	PUNCT
ftr-476	470	58	whether	whether	SCONJ
ftr-476	470	59	or	or	CCONJ
ftr-476	470	60	not	not	PART
ftr-476	470	61	the	the	DET
ftr-476	470	62	transferor	transferor	NOUN
ftr-476	470	63	is	be	AUX
ftr-476	470	64	in	in	ADP
ftr-476	470	65	fact	fact	NOUN
ftr-476	470	66	released	release	VERB
ftr-476	470	67	from	from	ADP
ftr-476	470	68	liability	liability	NOUN
ftr-476	470	69	)	)	PUNCT
ftr-476	470	70	.	.	PUNCT
ftr-476	471	1	'	'	PUNCT
ftr-476	471	2	73	73	NUM
ftr-476	471	3	this	this	DET
ftr-476	471	4	sentence	sentence	NOUN
ftr-476	471	5	implies	imply	VERB
ftr-476	471	6	that	that	SCONJ
ftr-476	471	7	if	if	SCONJ
ftr-476	471	8	the	the	DET
ftr-476	471	9	other	other	ADJ
ftr-476	471	10	person	person	NOUN
ftr-476	471	11	does	do	AUX
ftr-476	471	12	not	not	PART
ftr-476	471	13	agree	agree	VERB
ftr-476	471	14	to	to	PART
ftr-476	471	15	pay	pay	VERB
ftr-476	471	16	the	the	DET
ftr-476	471	17	liability	liability	NOUN
ftr-476	471	18	,	,	PUNCT
ftr-476	471	19	the	the	DET
ftr-476	471	20	debt	debt	NOUN
ftr-476	471	21	is	be	AUX
ftr-476	471	22	not	not	PART
ftr-476	471	23	included	include	VERB
ftr-476	471	24	in	in	ADP
ftr-476	471	25	the	the	DET
ftr-476	471	26	transferor	transferor	NOUN
ftr-476	471	27	's	's	PART
ftr-476	471	28	amount	amount	NOUN
ftr-476	471	29	realized	realize	VERB
ftr-476	471	30	.	.	PUNCT
ftr-476	472	1	there	there	PRON
ftr-476	472	2	appears	appear	VERB
ftr-476	472	3	to	to	PART
ftr-476	472	4	be	be	AUX
ftr-476	472	5	no	no	DET
ftr-476	472	6	authority	authority	NOUN
ftr-476	472	7	to	to	ADP
ftr-476	472	8	the	the	DET
ftr-476	472	9	contrary	contrary	NOUN
ftr-476	472	10	.	.	PUNCT
ftr-476	473	1	indeed	indeed	ADV
ftr-476	473	2	,	,	PUNCT
ftr-476	473	3	in	in	ADP
ftr-476	473	4	the	the	DET
ftr-476	473	5	usual	usual	ADJ
ftr-476	473	6	case	case	NOUN
ftr-476	473	7	,	,	PUNCT
ftr-476	473	8	including	include	VERB
ftr-476	473	9	the	the	DET
ftr-476	473	10	debt	debt	NOUN
ftr-476	473	11	to	to	PART
ftr-476	473	12	which	which	PRON
ftr-476	473	13	the	the	DET
ftr-476	473	14	property	property	NOUN
ftr-476	473	15	is	be	AUX
ftr-476	473	16	subject	subject	ADJ
ftr-476	473	17	as	as	ADP
ftr-476	473	18	an	an	DET
ftr-476	473	19	amount	amount	NOUN
ftr-476	473	20	realized	realize	VERB
ftr-476	473	21	would	would	AUX
ftr-476	473	22	improperly	improperly	ADV
ftr-476	473	23	double	double	VERB
ftr-476	473	24	up	up	ADP
ftr-476	473	25	the	the	DET
ftr-476	473	26	transferor	transferor	NOUN
ftr-476	473	27	's	's	PART
ftr-476	473	28	income	income	NOUN
ftr-476	473	29	.	.	PUNCT
ftr-476	474	1	assume	assume	VERB
ftr-476	474	2	a	a	DET
ftr-476	474	3	sells	sell	NOUN
ftr-476	474	4	land	land	NOUN
ftr-476	474	5	worth	worth	ADJ
ftr-476	474	6	$	$	SYM
ftr-476	474	7	100	100	NUM
ftr-476	474	8	,	,	PUNCT
ftr-476	474	9	subject	subject	ADJ
ftr-476	474	10	to	to	ADP
ftr-476	474	11	a	a	DET
ftr-476	474	12	$	$	SYM
ftr-476	474	13	60	60	NUM
ftr-476	474	14	recourse	recourse	NOUN
ftr-476	474	15	debt	debt	NOUN
ftr-476	474	16	,	,	PUNCT
ftr-476	474	17	to	to	ADP
ftr-476	474	18	b	b	NOUN
ftr-476	474	19	for	for	ADP
ftr-476	474	20	$	$	SYM
ftr-476	474	21	100	100	NUM
ftr-476	474	22	cash	cash	NOUN
ftr-476	474	23	;	;	PUNCT
ftr-476	474	24	b	b	NOUN
ftr-476	474	25	does	do	AUX
ftr-476	474	26	not	not	PART
ftr-476	474	27	agree	agree	VERB
ftr-476	474	28	to	to	PART
ftr-476	474	29	pay	pay	VERB
ftr-476	474	30	the	the	DET
ftr-476	474	31	debt	debt	NOUN
ftr-476	474	32	.	.	PUNCT
ftr-476	475	1	if	if	SCONJ
ftr-476	475	2	the	the	DET
ftr-476	475	3	debt	debt	NOUN
ftr-476	475	4	were	be	AUX
ftr-476	475	5	treated	treat	VERB
ftr-476	475	6	as	as	SCONJ
ftr-476	475	7	discharged	discharge	VERB
ftr-476	475	8	for	for	ADP
ftr-476	475	9	purposes	purpose	NOUN
ftr-476	475	10	of	of	ADP
ftr-476	475	11	section	section	NOUN
ftr-476	475	12	1001	1001	NUM
ftr-476	475	13	,	,	PUNCT
ftr-476	475	14	a	a	PRON
ftr-476	475	15	would	would	AUX
ftr-476	475	16	realize	realize	VERB
ftr-476	475	17	$	$	SYM
ftr-476	475	18	160	160	NUM
ftr-476	475	19	.	.	PUNCT
ftr-476	476	1	clearly	clearly	ADV
ftr-476	476	2	,	,	PUNCT
ftr-476	476	3	a	a	PRON
ftr-476	476	4	should	should	AUX
ftr-476	476	5	be	be	AUX
ftr-476	476	6	treated	treat	VERB
ftr-476	476	7	as	as	ADP
ftr-476	476	8	realizing	realize	VERB
ftr-476	476	9	only	only	ADV
ftr-476	476	10	$	$	SYM
ftr-476	476	11	100.74	100.74	NUM
ftr-476	476	12	the	the	DET
ftr-476	476	13	application	application	NOUN
ftr-476	476	14	of	of	ADP
ftr-476	476	15	this	this	DET
ftr-476	476	16	rule	rule	NOUN
ftr-476	476	17	to	to	ADP
ftr-476	476	18	a	a	DET
ftr-476	476	19	section	section	NOUN
ftr-476	476	20	351	351	NUM
ftr-476	476	21	exchange	exchange	NOUN
ftr-476	476	22	is	be	AUX
ftr-476	476	23	inherently	inherently	ADV
ftr-476	476	24	more	more	ADV
ftr-476	476	25	difficult	difficult	ADJ
ftr-476	476	26	because	because	SCONJ
ftr-476	476	27	of	of	ADP
ftr-476	476	28	the	the	DET
ftr-476	476	29	control	control	NOUN
ftr-476	476	30	relationship	relationship	NOUN
ftr-476	476	31	between	between	ADP
ftr-476	476	32	transferor	transferor	NOUN
ftr-476	476	33	and	and	CCONJ
ftr-476	476	34	transferee	transferee	NOUN
ftr-476	476	35	.	.	PUNCT
ftr-476	477	1	assume	assume	VERB
ftr-476	477	2	transferor	transferor	NOUN
ftr-476	477	3	t	t	NOUN
ftr-476	477	4	transfers	transfer	NOUN
ftr-476	477	5	land	land	NOUN
ftr-476	477	6	worth	worth	ADJ
ftr-476	477	7	$	$	SYM
ftr-476	477	8	100	100	NUM
ftr-476	477	9	,	,	PUNCT
ftr-476	477	10	subject	subject	ADJ
ftr-476	477	11	to	to	ADP
ftr-476	477	12	a	a	DET
ftr-476	477	13	$	$	SYM
ftr-476	477	14	60	60	NUM
ftr-476	477	15	recourse	recourse	NOUN
ftr-476	477	16	debt	debt	NOUN
ftr-476	477	17	,	,	PUNCT
ftr-476	477	18	to	to	ADP
ftr-476	477	19	newly	newly	ADV
ftr-476	477	20	organized	organize	VERB
ftr-476	477	21	x	x	SYM
ftr-476	477	22	corp	corp	PROPN
ftr-476	477	23	.	.	PROPN
ftr-476	477	24	in	in	ADP
ftr-476	477	25	exchange	exchange	NOUN
ftr-476	477	26	for	for	ADP
ftr-476	477	27	x	x	PUNCT
ftr-476	477	28	stock	stock	NOUN
ftr-476	477	29	;	;	PUNCT
ftr-476	477	30	the	the	DET
ftr-476	477	31	corporation	corporation	NOUN
ftr-476	477	32	does	do	AUX
ftr-476	477	33	not	not	PART
ftr-476	477	34	agree	agree	VERB
ftr-476	477	35	to	to	PART
ftr-476	477	36	pay	pay	VERB
ftr-476	477	37	the	the	DET
ftr-476	477	38	debt	debt	NOUN
ftr-476	477	39	.	.	PUNCT
ftr-476	478	1	whether	whether	SCONJ
ftr-476	478	2	the	the	DET
ftr-476	478	3	stock	stock	NOUN
ftr-476	478	4	is	be	AUX
ftr-476	478	5	worth	worth	ADJ
ftr-476	478	6	$	$	SYM
ftr-476	478	7	100	100	NUM
ftr-476	478	8	depends	depend	VERB
ftr-476	478	9	on	on	ADP
ftr-476	478	10	who	who	PRON
ftr-476	478	11	is	be	AUX
ftr-476	478	12	intended	intend	VERB
ftr-476	478	13	to	to	PART
ftr-476	478	14	pay	pay	VERB
ftr-476	478	15	the	the	DET
ftr-476	478	16	debt	debt	NOUN
ftr-476	478	17	.	.	PUNCT
ftr-476	479	1	this	this	DET
ftr-476	479	2	factual	factual	ADJ
ftr-476	479	3	question	question	NOUN
ftr-476	479	4	can	can	AUX
ftr-476	479	5	not	not	PART
ftr-476	479	6	be	be	AUX
ftr-476	479	7	answered	answer	VERB
ftr-476	479	8	from	from	ADP
ftr-476	479	9	the	the	DET
ftr-476	479	10	objective	objective	ADJ
ftr-476	479	11	facts	fact	NOUN
ftr-476	479	12	of	of	ADP
ftr-476	479	13	the	the	DET
ftr-476	479	14	case	case	NOUN
ftr-476	479	15	because	because	SCONJ
ftr-476	479	16	the	the	DET
ftr-476	479	17	corporation	corporation	NOUN
ftr-476	479	18	does	do	AUX
ftr-476	479	19	not	not	PART
ftr-476	479	20	pay	pay	VERB
ftr-476	479	21	a	a	DET
ftr-476	479	22	defined	define	VERB
ftr-476	479	23	amount	amount	NOUN
ftr-476	479	24	for	for	ADP
ftr-476	479	25	the	the	DET
ftr-476	479	26	land	land	NOUN
ftr-476	479	27	.	.	PUNCT
ftr-476	480	1	this	this	DET
ftr-476	480	2	difficulty	difficulty	NOUN
ftr-476	480	3	of	of	ADP
ftr-476	480	4	knowing	know	VERB
ftr-476	480	5	whether	whether	SCONJ
ftr-476	480	6	debt	debt	NOUN
ftr-476	480	7	to	to	PART
ftr-476	480	8	which	which	PRON
ftr-476	480	9	the	the	DET
ftr-476	480	10	property	property	NOUN
ftr-476	480	11	is	be	AUX
ftr-476	480	12	subject	subject	ADJ
ftr-476	480	13	enters	enter	NOUN
ftr-476	480	14	into	into	ADP
ftr-476	480	15	the	the	DET
ftr-476	480	16	transferor	transferor	NOUN
ftr-476	480	17	's	's	PART
ftr-476	480	18	amount	amount	NOUN
ftr-476	480	19	realized	realize	VERB
ftr-476	480	20	probably	probably	ADV
ftr-476	480	21	is	be	AUX
ftr-476	480	22	the	the	DET
ftr-476	480	23	implicit	implicit	ADJ
ftr-476	480	24	reason	reason	NOUN
ftr-476	480	25	why	why	SCONJ
ftr-476	480	26	the	the	DET
ftr-476	480	27	tax	tax	NOUN
ftr-476	480	28	court	court	NOUN
ftr-476	480	29	and	and	CCONJ
ftr-476	480	30	the	the	DET
ftr-476	480	31	service	service	NOUN
ftr-476	480	32	not	not	PART
ftr-476	480	33	thereby	thereby	ADV
ftr-476	480	34	limit	limit	VERB
ftr-476	480	35	the	the	DET
ftr-476	480	36	meaning	meaning	NOUN
ftr-476	480	37	of	of	ADP
ftr-476	480	38	"	"	PUNCT
ftr-476	480	39	liabilities	liability	NOUN
ftr-476	480	40	"	"	PUNCT
ftr-476	480	41	under	under	ADP
ftr-476	480	42	§	§	PROPN
ftr-476	480	43	357(a	357(a	PROPN
ftr-476	480	44	)	)	PUNCT
ftr-476	480	45	.	.	PUNCT
ftr-476	481	1	s.	s.	PROPN
ftr-476	481	2	rep	rep	PROPN
ftr-476	481	3	.	.	PROPN
ftr-476	482	1	no	no	PROPN
ftr-476	482	2	.	.	NOUN
ftr-476	482	3	1263	1263	NUM
ftr-476	482	4	,	,	PUNCT
ftr-476	482	5	95th	95th	ADJ
ftr-476	482	6	cong	cong	NOUN
ftr-476	482	7	.	.	PROPN
ftr-476	482	8	,	,	PUNCT
ftr-476	482	9	2d	2d	PROPN
ftr-476	482	10	sess	sess	NOUN
ftr-476	482	11	.	.	PUNCT
ftr-476	483	1	183	183	NUM
ftr-476	483	2	,	,	PUNCT
ftr-476	483	3	185	185	NUM
ftr-476	483	4	(	(	PUNCT
ftr-476	483	5	1978	1978	NUM
ftr-476	483	6	)	)	PUNCT
ftr-476	483	7	,	,	PUNCT
ftr-476	483	8	reprinted	reprint	VERB
ftr-476	483	9	in	in	ADP
ftr-476	483	10	1978	1978	NUM
ftr-476	483	11	u.s.c.c.a.n	u.s.c.c.a.n	NOUN
ftr-476	483	12	.	.	PUNCT
ftr-476	483	13	6946	6946	NUM
ftr-476	483	14	.	.	PUNCT
ftr-476	484	1	6948	6948	NUM
ftr-476	484	2	.	.	PUNCT
ftr-476	485	1	this	this	DET
ftr-476	485	2	statement	statement	NOUN
ftr-476	485	3	is	be	AUX
ftr-476	485	4	not	not	PART
ftr-476	485	5	inconsistent	inconsistent	ADJ
ftr-476	485	6	the	the	DET
ftr-476	485	7	view	view	NOUN
ftr-476	485	8	that	that	SCONJ
ftr-476	485	9	"	"	PUNCT
ftr-476	485	10	liabilities	liability	NOUN
ftr-476	485	11	"	"	PUNCT
ftr-476	485	12	should	should	AUX
ftr-476	485	13	generally	generally	ADV
ftr-476	485	14	mean	mean	VERB
ftr-476	485	15	the	the	DET
ftr-476	485	16	same	same	ADJ
ftr-476	485	17	thing	thing	NOUN
ftr-476	485	18	under	under	ADP
ftr-476	485	19	§	§	PROPN
ftr-476	485	20	357(a	357(a	PROPN
ftr-476	485	21	)	)	PUNCT
ftr-476	485	22	and	and	CCONJ
ftr-476	485	23	(	(	PUNCT
ftr-476	485	24	c	c	NOUN
ftr-476	485	25	)	)	PUNCT
ftr-476	485	26	,	,	PUNCT
ftr-476	485	27	but	but	CCONJ
ftr-476	485	28	it	it	PRON
ftr-476	485	29	probably	probably	ADV
ftr-476	485	30	reflects	reflect	VERB
ftr-476	485	31	an	an	DET
ftr-476	485	32	intent	intent	NOUN
ftr-476	485	33	to	to	PART
ftr-476	485	34	retain	retain	VERB
ftr-476	485	35	the	the	DET
ftr-476	485	36	greatest	great	ADJ
ftr-476	485	37	possible	possible	ADJ
ftr-476	485	38	breadth	breadth	NOUN
ftr-476	485	39	for	for	ADP
ftr-476	485	40	the	the	DET
ftr-476	485	41	nonrecognition	nonrecognition	NOUN
ftr-476	485	42	rule	rule	NOUN
ftr-476	485	43	of	of	ADP
ftr-476	485	44	§	§	PROPN
ftr-476	485	45	357(a	357(a	PROPN
ftr-476	485	46	)	)	PUNCT
ftr-476	485	47	.	.	PUNCT
ftr-476	486	1	72	72	NUM
ftr-476	486	2	.	.	PUNCT
ftr-476	486	3	regs	regs	PROPN
ftr-476	486	4	.	.	PUNCT
ftr-476	487	1	§	§	PROPN
ftr-476	487	2	1.1001	1.1001	NUM
ftr-476	487	3	-	-	PUNCT
ftr-476	487	4	2(a	2(a	NUM
ftr-476	487	5	)	)	PUNCT
ftr-476	487	6	.	.	PUNCT
ftr-476	488	1	73	73	NUM
ftr-476	488	2	.	.	PUNCT
ftr-476	488	3	regs	regs	PROPN
ftr-476	488	4	.	.	PUNCT
ftr-476	489	1	§	§	PROPN
ftr-476	489	2	1.1001	1.1001	NUM
ftr-476	489	3	-	-	PUNCT
ftr-476	489	4	2(a)(4)(ii	2(a)(4)(ii	NUM
ftr-476	489	5	)	)	PUNCT
ftr-476	489	6	.	.	PUNCT
ftr-476	490	1	74	74	NUM
ftr-476	490	2	.	.	PUNCT
ftr-476	491	1	see	see	VERB
ftr-476	491	2	regs	reg	NOUN
ftr-476	491	3	.	.	PUNCT
ftr-476	492	1	§	§	PROPN
ftr-476	492	2	15a.453	15a.453	NUM
ftr-476	492	3	-	-	PUNCT
ftr-476	492	4	1(b)(3)tii	1(b)(3)tii	NUM
ftr-476	492	5	)	)	PUNCT
ftr-476	493	1	(	(	PUNCT
ftr-476	493	2	avoiding	avoid	VERB
ftr-476	493	3	double	double	ADJ
ftr-476	493	4	counting	counting	NOUN
ftr-476	493	5	in	in	ADP
ftr-476	493	6	the	the	DET
ftr-476	493	7	wraparound	wraparound	NOUN
ftr-476	493	8	mortgage	mortgage	NOUN
ftr-476	493	9	case	case	NOUN
ftr-476	493	10	by	by	ADP
ftr-476	493	11	giving	give	VERB
ftr-476	493	12	the	the	DET
ftr-476	493	13	seller	seller	NOUN
ftr-476	493	14	a	a	DET
ftr-476	493	15	basis	basis	NOUN
ftr-476	493	16	in	in	ADP
ftr-476	493	17	the	the	DET
ftr-476	493	18	wraparound	wraparound	NOUN
ftr-476	493	19	mortgage	mortgage	NOUN
ftr-476	493	20	that	that	PRON
ftr-476	493	21	reflects	reflect	VERB
ftr-476	493	22	the	the	DET
ftr-476	493	23	deemed	deem	VERB
ftr-476	493	24	assumed	assume	VERB
ftr-476	493	25	wrapped	wrap	VERB
ftr-476	493	26	debt	debt	NOUN
ftr-476	493	27	)	)	PUNCT
ftr-476	493	28	;	;	PUNCT
ftr-476	493	29	stonecrest	stonecrest	PROPN
ftr-476	493	30	corp	corp	PROPN
ftr-476	493	31	.	.	PROPN
ftr-476	494	1	v.	v.	PROPN
ftr-476	494	2	commissioner	commissioner	PROPN
ftr-476	494	3	,	,	PUNCT
ftr-476	494	4	24	24	NUM
ftr-476	494	5	t.c	t.c	PROPN
ftr-476	494	6	.	.	PROPN
ftr-476	494	7	659	659	NUM
ftr-476	494	8	,	,	PUNCT
ftr-476	494	9	667	667	NUM
ftr-476	494	10	-	-	SYM
ftr-476	494	11	68	68	NUM
ftr-476	494	12	(	(	PUNCT
ftr-476	494	13	1955	1955	NUM
ftr-476	494	14	)	)	PUNCT
ftr-476	495	1	(	(	PUNCT
ftr-476	495	2	applying	apply	VERB
ftr-476	495	3	§	§	PROPN
ftr-476	495	4	453	453	NUM
ftr-476	495	5	to	to	ADP
ftr-476	495	6	a	a	DET
ftr-476	495	7	wraparound	wraparound	NOUN
ftr-476	495	8	mortgage	mortgage	NOUN
ftr-476	495	9	and	and	CCONJ
ftr-476	495	10	observing	observe	VERB
ftr-476	495	11	that	that	SCONJ
ftr-476	495	12	the	the	DET
ftr-476	495	13	circumstance	circumstance	NOUN
ftr-476	495	14	of	of	ADP
ftr-476	495	15	controlling	control	VERB
ftr-476	495	16	importance	importance	NOUN
ftr-476	495	17	is	be	AUX
ftr-476	495	18	whether	whether	SCONJ
ftr-476	495	19	the	the	DET
ftr-476	495	20	wrapped	wrap	VERB
ftr-476	495	21	mortgage	mortgage	NOUN
ftr-476	495	22	was	be	AUX
ftr-476	495	23	considered	consider	VERB
ftr-476	495	24	in	in	ADP
ftr-476	495	25	determining	determine	VERB
ftr-476	495	26	the	the	DET
ftr-476	495	27	purchase	purchase	NOUN
ftr-476	495	28	price	price	NOUN
ftr-476	495	29	)	)	PUNCT
ftr-476	495	30	,	,	PUNCT
ftr-476	495	31	nonacq	nonacq	PROPN
ftr-476	495	32	.	.	PROPN
ftr-476	495	33	,	,	PUNCT
ftr-476	495	34	1956	1956	NUM
ftr-476	495	35	-	-	SYM
ftr-476	495	36	2	2	NUM
ftr-476	495	37	c.b	c.b	PROPN
ftr-476	495	38	.	.	PROPN
ftr-476	495	39	11	11	NUM
ftr-476	495	40	.	.	X
ftr-476	495	41	19941	19941	NUM
ftr-476	496	1	florida	florida	PROPN
ftr-476	496	2	tax	tax	NOUN
ftr-476	496	3	review	review	NOUN
ftr-476	496	4	in	in	ADP
ftr-476	496	5	effect	effect	NOUN
ftr-476	496	6	have	have	AUX
ftr-476	496	7	adopted	adopt	VERB
ftr-476	496	8	a	a	DET
ftr-476	496	9	presumption	presumption	NOUN
ftr-476	496	10	against	against	ADP
ftr-476	496	11	the	the	DET
ftr-476	496	12	transferor	transferor	NOUN
ftr-476	496	13	in	in	ADP
ftr-476	496	14	cases	case	NOUN
ftr-476	496	15	like	like	ADP
ftr-476	496	16	lessinger	lessinger	NOUN
ftr-476	496	17	.	.	PUNCT
ftr-476	497	1	b.	b.	PROPN
ftr-476	497	2	section	section	NOUN
ftr-476	497	3	453.-the	453.-the	NUM
ftr-476	497	4	next	next	ADJ
ftr-476	497	5	most	most	ADV
ftr-476	497	6	important	important	ADJ
ftr-476	497	7	analogy	analogy	NOUN
ftr-476	497	8	is	be	AUX
ftr-476	497	9	the	the	DET
ftr-476	497	10	treatment	treatment	NOUN
ftr-476	497	11	of	of	ADP
ftr-476	497	12	wraparound	wraparound	NOUN
ftr-476	497	13	mortgages	mortgage	NOUN
ftr-476	497	14	in	in	ADP
ftr-476	497	15	installment	installment	NOUN
ftr-476	497	16	sales	sale	NOUN
ftr-476	497	17	.	.	PUNCT
ftr-476	498	1	a	a	DET
ftr-476	498	2	wraparound	wraparound	NOUN
ftr-476	498	3	mortgage	mortgage	NOUN
ftr-476	498	4	is	be	AUX
ftr-476	498	5	a	a	DET
ftr-476	498	6	mortgage	mortgage	NOUN
ftr-476	498	7	given	give	VERB
ftr-476	498	8	by	by	ADP
ftr-476	498	9	a	a	DET
ftr-476	498	10	buyer	buyer	NOUN
ftr-476	498	11	in	in	ADP
ftr-476	498	12	exchange	exchange	NOUN
ftr-476	498	13	for	for	ADP
ftr-476	498	14	property	property	NOUN
ftr-476	498	15	that	that	PRON
ftr-476	498	16	is	be	AUX
ftr-476	498	17	already	already	ADV
ftr-476	498	18	subject	subject	ADJ
ftr-476	498	19	to	to	ADP
ftr-476	498	20	a	a	DET
ftr-476	498	21	mortgage	mortgage	NOUN
ftr-476	498	22	.	.	PUNCT
ftr-476	499	1	the	the	DET
ftr-476	499	2	seller	seller	NOUN
ftr-476	499	3	agrees	agree	VERB
ftr-476	499	4	to	to	PART
ftr-476	499	5	pay	pay	VERB
ftr-476	499	6	the	the	DET
ftr-476	499	7	pre	pre	ADJ
ftr-476	499	8	-	-	ADJ
ftr-476	499	9	existing	exist	VERB
ftr-476	499	10	wrapped	wrap	VERB
ftr-476	499	11	debt	debt	NOUN
ftr-476	499	12	,	,	PUNCT
ftr-476	499	13	so	so	SCONJ
ftr-476	499	14	that	that	SCONJ
ftr-476	499	15	the	the	DET
ftr-476	499	16	buyer	buyer	NOUN
ftr-476	499	17	is	be	AUX
ftr-476	499	18	not	not	PART
ftr-476	499	19	called	call	VERB
ftr-476	499	20	on	on	ADP
ftr-476	499	21	to	to	PART
ftr-476	499	22	pay	pay	VERB
ftr-476	499	23	twice	twice	ADV
ftr-476	499	24	.	.	PUNCT
ftr-476	500	1	for	for	ADP
ftr-476	500	2	example	example	NOUN
ftr-476	500	3	,	,	PUNCT
ftr-476	500	4	property	property	NOUN
ftr-476	500	5	worth	worth	ADJ
ftr-476	500	6	$	$	SYM
ftr-476	500	7	1,000	1,000	NUM
ftr-476	500	8	,	,	PUNCT
ftr-476	500	9	subject	subject	ADJ
ftr-476	500	10	to	to	ADP
ftr-476	500	11	a	a	DET
ftr-476	500	12	mortgage	mortgage	NOUN
ftr-476	500	13	of	of	ADP
ftr-476	500	14	$	$	SYM
ftr-476	500	15	400	400	NUM
ftr-476	500	16	,	,	PUNCT
ftr-476	500	17	might	might	AUX
ftr-476	500	18	be	be	AUX
ftr-476	500	19	sold	sell	VERB
ftr-476	500	20	for	for	ADP
ftr-476	500	21	$	$	SYM
ftr-476	500	22	200	200	NUM
ftr-476	500	23	down	down	ADV
ftr-476	500	24	and	and	CCONJ
ftr-476	500	25	the	the	DET
ftr-476	500	26	buyer	buyer	NOUN
ftr-476	500	27	's	's	PART
ftr-476	500	28	wraparound	wraparound	NOUN
ftr-476	500	29	note	note	NOUN
ftr-476	500	30	for	for	ADP
ftr-476	500	31	$	$	SYM
ftr-476	500	32	800	800	NUM
ftr-476	500	33	,	,	PUNCT
ftr-476	500	34	with	with	ADP
ftr-476	500	35	the	the	DET
ftr-476	500	36	parties	party	NOUN
ftr-476	500	37	agreeing	agree	VERB
ftr-476	500	38	that	that	SCONJ
ftr-476	500	39	the	the	DET
ftr-476	500	40	seller	seller	NOUN
ftr-476	500	41	will	will	AUX
ftr-476	500	42	pay	pay	VERB
ftr-476	500	43	the	the	DET
ftr-476	500	44	wrapped	wrap	VERB
ftr-476	500	45	mortgage	mortgage	NOUN
ftr-476	500	46	as	as	SCONJ
ftr-476	500	47	it	it	PRON
ftr-476	500	48	comes	come	VERB
ftr-476	500	49	due	due	ADJ
ftr-476	500	50	.	.	PUNCT
ftr-476	501	1	the	the	DET
ftr-476	501	2	installment	installment	NOUN
ftr-476	501	3	sales	sale	NOUN
ftr-476	501	4	regulations	regulation	NOUN
ftr-476	501	5	,	,	PUNCT
ftr-476	501	6	like	like	ADP
ftr-476	501	7	section	section	NOUN
ftr-476	501	8	357(c	357(c	PROPN
ftr-476	501	9	)	)	PUNCT
ftr-476	501	10	,	,	PUNCT
ftr-476	501	11	use	use	VERB
ftr-476	501	12	the	the	DET
ftr-476	501	13	phrase	phrase	NOUN
ftr-476	501	14	"	"	PUNCT
ftr-476	501	15	subject	subject	ADJ
ftr-476	501	16	to	to	ADP
ftr-476	501	17	.	.	PUNCT
ftr-476	501	18	"	"	PUNCT
ftr-476	502	1	the	the	DET
ftr-476	502	2	gain	gain	NOUN
ftr-476	502	3	reportable	reportable	ADJ
ftr-476	502	4	by	by	ADP
ftr-476	502	5	an	an	DET
ftr-476	502	6	installment	installment	NOUN
ftr-476	502	7	seller	seller	NOUN
ftr-476	502	8	on	on	ADP
ftr-476	502	9	receipt	receipt	NOUN
ftr-476	502	10	of	of	ADP
ftr-476	502	11	an	an	DET
ftr-476	502	12	installment	installment	NOUN
ftr-476	502	13	payment	payment	NOUN
ftr-476	502	14	is	be	AUX
ftr-476	502	15	the	the	DET
ftr-476	502	16	amount	amount	NOUN
ftr-476	502	17	of	of	ADP
ftr-476	502	18	the	the	DET
ftr-476	502	19	payment	payment	NOUN
ftr-476	502	20	,	,	PUNCT
ftr-476	502	21	multiplied	multiply	VERB
ftr-476	502	22	by	by	ADP
ftr-476	502	23	the	the	DET
ftr-476	502	24	"	"	PUNCT
ftr-476	502	25	gross	gross	ADJ
ftr-476	502	26	profit	profit	NOUN
ftr-476	502	27	ratio	ratio	NOUN
ftr-476	502	28	,	,	PUNCT
ftr-476	502	29	"	"	PUNCT
ftr-476	502	30	which	which	PRON
ftr-476	502	31	is	be	AUX
ftr-476	502	32	the	the	DET
ftr-476	502	33	ratio	ratio	NOUN
ftr-476	502	34	of	of	ADP
ftr-476	502	35	the	the	DET
ftr-476	502	36	"	"	PUNCT
ftr-476	502	37	gross	gross	ADJ
ftr-476	502	38	profit	profit	NOUN
ftr-476	502	39	"	"	PUNCT
ftr-476	502	40	to	to	ADP
ftr-476	502	41	the	the	DET
ftr-476	502	42	"	"	PUNCT
ftr-476	502	43	total	total	ADJ
ftr-476	502	44	contract	contract	NOUN
ftr-476	502	45	price	price	NOUN
ftr-476	502	46	.	.	PUNCT
ftr-476	503	1	"75	"75	PRON
ftr-476	503	2	the	the	DET
ftr-476	503	3	"	"	PUNCT
ftr-476	503	4	gross	gross	ADJ
ftr-476	503	5	profit	profit	NOUN
ftr-476	503	6	"	"	PUNCT
ftr-476	503	7	is	be	AUX
ftr-476	503	8	the	the	DET
ftr-476	503	9	excess	excess	NOUN
ftr-476	503	10	of	of	ADP
ftr-476	503	11	the	the	DET
ftr-476	503	12	"	"	PUNCT
ftr-476	503	13	selling	selling	NOUN
ftr-476	503	14	price	price	NOUN
ftr-476	503	15	"	"	PUNCT
ftr-476	503	16	over	over	ADP
ftr-476	503	17	the	the	DET
ftr-476	503	18	seller	seller	NOUN
ftr-476	503	19	's	's	PART
ftr-476	503	20	adjusted	adjusted	ADJ
ftr-476	503	21	basis	basis	NOUN
ftr-476	503	22	for	for	ADP
ftr-476	503	23	the	the	DET
ftr-476	503	24	property.76	property.76	PROPN
ftr-476	503	25	the	the	DET
ftr-476	503	26	"	"	PUNCT
ftr-476	503	27	selling	sell	VERB
ftr-476	503	28	price	price	NOUN
ftr-476	503	29	"	"	PUNCT
ftr-476	503	30	includes	include	VERB
ftr-476	503	31	any	any	DET
ftr-476	503	32	mortgage	mortgage	NOUN
ftr-476	503	33	on	on	ADP
ftr-476	503	34	the	the	DET
ftr-476	503	35	property	property	NOUN
ftr-476	503	36	,	,	PUNCT
ftr-476	503	37	"	"	PUNCT
ftr-476	503	38	whether	whether	SCONJ
ftr-476	503	39	assumed	assume	VERB
ftr-476	503	40	or	or	CCONJ
ftr-476	503	41	taken	take	VERB
ftr-476	503	42	subject	subject	NOUN
ftr-476	503	43	to	to	ADP
ftr-476	503	44	by	by	ADP
ftr-476	503	45	the	the	DET
ftr-476	503	46	buyer	buyer	NOUN
ftr-476	503	47	.	.	PUNCT
ftr-476	504	1	'"77	'"77	VERB
ftr-476	504	2	the	the	DET
ftr-476	504	3	"	"	PUNCT
ftr-476	504	4	total	total	ADJ
ftr-476	504	5	contract	contract	NOUN
ftr-476	504	6	price	price	NOUN
ftr-476	504	7	"	"	PUNCT
ftr-476	504	8	(	(	PUNCT
ftr-476	504	9	the	the	DET
ftr-476	504	10	denominator	denominator	NOUN
ftr-476	504	11	of	of	ADP
ftr-476	504	12	the	the	DET
ftr-476	504	13	gross	gross	ADJ
ftr-476	504	14	profit	profit	NOUN
ftr-476	504	15	ratio	ratio	NOUN
ftr-476	504	16	)	)	PUNCT
ftr-476	504	17	is	be	AUX
ftr-476	504	18	the	the	DET
ftr-476	504	19	selling	selling	NOUN
ftr-476	504	20	price	price	NOUN
ftr-476	504	21	,	,	PUNCT
ftr-476	504	22	reduced	reduce	VERB
ftr-476	504	23	by	by	ADP
ftr-476	504	24	most	most	ADJ
ftr-476	504	25	indebtedness	indebtedness	NOUN
ftr-476	504	26	"	"	PUNCT
ftr-476	504	27	assumed	assume	VERB
ftr-476	504	28	or	or	CCONJ
ftr-476	504	29	taken	take	VERB
ftr-476	504	30	subject	subject	NOUN
ftr-476	504	31	to	to	ADP
ftr-476	504	32	by	by	ADP
ftr-476	504	33	the	the	DET
ftr-476	504	34	buyer	buyer	NOUN
ftr-476	504	35	,	,	PUNCT
ftr-476	504	36	"	"	PUNCT
ftr-476	504	37	except	except	SCONJ
ftr-476	504	38	that	that	SCONJ
ftr-476	504	39	the	the	DET
ftr-476	504	40	reduction	reduction	NOUN
ftr-476	504	41	for	for	ADP
ftr-476	504	42	indebtedness	indebtedness	NOUN
ftr-476	504	43	can	can	AUX
ftr-476	504	44	not	not	PART
ftr-476	504	45	exceed	exceed	VERB
ftr-476	504	46	the	the	DET
ftr-476	504	47	seller	seller	NOUN
ftr-476	504	48	's	's	PART
ftr-476	504	49	adjusted	adjusted	ADJ
ftr-476	504	50	basis	basis	NOUN
ftr-476	504	51	for	for	ADP
ftr-476	504	52	the	the	DET
ftr-476	504	53	property.78	property.78	NOUN
ftr-476	504	54	in	in	ADP
ftr-476	504	55	applying	apply	VERB
ftr-476	504	56	these	these	DET
ftr-476	504	57	rules	rule	NOUN
ftr-476	504	58	,	,	PUNCT
ftr-476	504	59	the	the	DET
ftr-476	504	60	tax	tax	NOUN
ftr-476	504	61	court	court	NOUN
ftr-476	504	62	has	have	AUX
ftr-476	504	63	stated	state	VERB
ftr-476	504	64	that	that	SCONJ
ftr-476	504	65	the	the	DET
ftr-476	504	66	customary	customary	ADJ
ftr-476	504	67	meaning	meaning	NOUN
ftr-476	504	68	of	of	ADP
ftr-476	504	69	the	the	DET
ftr-476	504	70	phrase	phrase	NOUN
ftr-476	504	71	"	"	PUNCT
ftr-476	504	72	subject	subject	ADJ
ftr-476	504	73	to	to	ADP
ftr-476	504	74	"	"	PUNCT
ftr-476	504	75	excludes	exclude	VERB
ftr-476	504	76	debt	debt	NOUN
ftr-476	504	77	to	to	PART
ftr-476	504	78	which	which	PRON
ftr-476	504	79	property	property	NOUN
ftr-476	504	80	is	be	AUX
ftr-476	504	81	nominally	nominally	ADV
ftr-476	504	82	subject	subject	ADJ
ftr-476	504	83	but	but	CCONJ
ftr-476	504	84	that	that	SCONJ
ftr-476	504	85	the	the	DET
ftr-476	504	86	transferor	transferor	NOUN
ftr-476	504	87	agrees	agree	VERB
ftr-476	504	88	to	to	ADP
ftr-476	504	89	pay.79	pay.79	NOUN
ftr-476	504	90	the	the	DET
ftr-476	504	91	court	court	NOUN
ftr-476	504	92	rejected	reject	VERB
ftr-476	504	93	an	an	DET
ftr-476	504	94	inflexible	inflexible	ADJ
ftr-476	504	95	definition	definition	NOUN
ftr-476	504	96	:	:	PUNCT
ftr-476	504	97	while	while	SCONJ
ftr-476	504	98	in	in	ADP
ftr-476	504	99	a	a	DET
ftr-476	504	100	sense	sense	NOUN
ftr-476	504	101	every	every	DET
ftr-476	504	102	sale	sale	NOUN
ftr-476	504	103	of	of	ADP
ftr-476	504	104	mortgaged	mortgaged	ADJ
ftr-476	504	105	property	property	NOUN
ftr-476	504	106	is	be	AUX
ftr-476	504	107	subject	subject	ADJ
ftr-476	504	108	to	to	ADP
ftr-476	504	109	a	a	DET
ftr-476	504	110	mortgage	mortgage	NOUN
ftr-476	504	111	since	since	SCONJ
ftr-476	504	112	the	the	DET
ftr-476	504	113	property	property	NOUN
ftr-476	504	114	remains	remain	VERB
ftr-476	504	115	liable	liable	ADJ
ftr-476	504	116	to	to	PART
ftr-476	504	117	have	have	VERB
ftr-476	504	118	the	the	DET
ftr-476	504	119	mortgage	mortgage	NOUN
ftr-476	504	120	debt	debt	NOUN
ftr-476	504	121	satisfied	satisfied	ADJ
ftr-476	504	122	from	from	ADP
ftr-476	504	123	it	it	PRON
ftr-476	504	124	,	,	PUNCT
ftr-476	504	125	we	we	PRON
ftr-476	504	126	think	think	VERB
ftr-476	504	127	the	the	DET
ftr-476	504	128	expression	expression	NOUN
ftr-476	504	129	was	be	AUX
ftr-476	504	130	used	use	VERB
ftr-476	504	131	in	in	ADP
ftr-476	504	132	the	the	DET
ftr-476	504	133	regulation	regulation	NOUN
ftr-476	504	134	in	in	ADP
ftr-476	504	135	its	its	PRON
ftr-476	504	136	customary	customary	ADJ
ftr-476	504	137	meaning	meaning	NOUN
ftr-476	504	138	,	,	PUNCT
ftr-476	504	139	to	to	PART
ftr-476	504	140	define	define	VERB
ftr-476	504	141	the	the	DET
ftr-476	504	142	[	[	X
ftr-476	504	143	actual	actual	ADJ
ftr-476	504	144	as	as	SCONJ
ftr-476	504	145	contrasted	contrast	VERB
ftr-476	504	146	with	with	ADP
ftr-476	504	147	the	the	DET
ftr-476	504	148	nominal	nominal	ADJ
ftr-476	504	149	]	]	X
ftr-476	504	150	obligations	obligation	NOUN
ftr-476	504	151	of	of	ADP
ftr-476	504	152	the	the	DET
ftr-476	504	153	75	75	NUM
ftr-476	504	154	.	.	PUNCT
ftr-476	504	155	regs	regs	PROPN
ftr-476	504	156	.	.	PUNCT
ftr-476	505	1	§	§	PROPN
ftr-476	505	2	15a.453	15a.453	NUM
ftr-476	505	3	-	-	SYM
ftr-476	505	4	1(b)(2)(i	1(b)(2)(i	NUM
ftr-476	505	5	)	)	PUNCT
ftr-476	505	6	.	.	PUNCT
ftr-476	506	1	76	76	NUM
ftr-476	506	2	.	.	PUNCT
ftr-476	507	1	regs	regs	PROPN
ftr-476	507	2	.	.	PUNCT
ftr-476	508	1	§	§	PROPN
ftr-476	508	2	15a.453	15a.453	PROPN
ftr-476	508	3	-	-	SYM
ftr-476	508	4	1(b)(2)(v	1(b)(2)(v	NUM
ftr-476	508	5	)	)	PUNCT
ftr-476	508	6	.	.	PUNCT
ftr-476	509	1	77	77	NUM
ftr-476	509	2	.	.	PUNCT
ftr-476	509	3	regs	regs	PROPN
ftr-476	509	4	.	.	PUNCT
ftr-476	510	1	§	§	PROPN
ftr-476	510	2	15a.453	15a.453	NUM
ftr-476	510	3	-	-	SYM
ftr-476	510	4	1(b)(2)(ii	1(b)(2)(ii	NUM
ftr-476	510	5	)	)	PUNCT
ftr-476	510	6	.	.	PUNCT
ftr-476	511	1	78	78	NUM
ftr-476	511	2	.	.	PUNCT
ftr-476	511	3	regs	regs	PROPN
ftr-476	511	4	.	.	PUNCT
ftr-476	512	1	§	§	PROPN
ftr-476	512	2	15a.453	15a.453	NUM
ftr-476	512	3	-	-	SYM
ftr-476	512	4	1(b)(2)(iii	1(b)(2)(iii	NUM
ftr-476	512	5	)	)	PUNCT
ftr-476	512	6	,	,	PUNCT
ftr-476	512	7	(	(	PUNCT
ftr-476	512	8	iv	iv	X
ftr-476	512	9	)	)	PUNCT
ftr-476	512	10	.	.	PUNCT
ftr-476	513	1	79	79	NUM
ftr-476	513	2	.	.	PUNCT
ftr-476	514	1	stonecrest	stonecrest	PROPN
ftr-476	514	2	,	,	PUNCT
ftr-476	514	3	24	24	NUM
ftr-476	514	4	t.c	t.c	PROPN
ftr-476	514	5	.	.	PUNCT
ftr-476	515	1	at	at	ADP
ftr-476	515	2	667	667	NUM
ftr-476	515	3	(	(	PUNCT
ftr-476	515	4	"	"	PUNCT
ftr-476	515	5	the	the	DET
ftr-476	515	6	expression	expression	NOUN
ftr-476	515	7	means	mean	VERB
ftr-476	515	8	that	that	SCONJ
ftr-476	515	9	the	the	DET
ftr-476	515	10	buyer	buyer	NOUN
ftr-476	515	11	has	have	VERB
ftr-476	515	12	no	no	DET
ftr-476	515	13	personal	personal	ADJ
ftr-476	515	14	obligation	obligation	NOUN
ftr-476	515	15	to	to	PART
ftr-476	515	16	pay	pay	VERB
ftr-476	515	17	the	the	DET
ftr-476	515	18	mortgage	mortgage	NOUN
ftr-476	515	19	debt	debt	NOUN
ftr-476	515	20	;	;	PUNCT
ftr-476	515	21	that	that	SCONJ
ftr-476	515	22	,	,	PUNCT
ftr-476	515	23	as	as	ADP
ftr-476	515	24	between	between	ADP
ftr-476	515	25	seller	seller	NOUN
ftr-476	515	26	and	and	CCONJ
ftr-476	515	27	buyer	buyer	NOUN
ftr-476	515	28	,	,	PUNCT
ftr-476	515	29	the	the	DET
ftr-476	515	30	seller	seller	NOUN
ftr-476	515	31	has	have	VERB
ftr-476	515	32	no	no	DET
ftr-476	515	33	obligation	obligation	NOUN
ftr-476	515	34	to	to	PART
ftr-476	515	35	pay	pay	VERB
ftr-476	515	36	the	the	DET
ftr-476	515	37	debt	debt	NOUN
ftr-476	515	38	;	;	PUNCT
ftr-476	515	39	and	and	CCONJ
ftr-476	515	40	that	that	SCONJ
ftr-476	515	41	the	the	DET
ftr-476	515	42	debt	debt	NOUN
ftr-476	515	43	is	be	AUX
ftr-476	515	44	to	to	PART
ftr-476	515	45	be	be	AUX
ftr-476	515	46	satisfied	satisfied	ADJ
ftr-476	515	47	from	from	ADP
ftr-476	515	48	the	the	DET
ftr-476	515	49	property	property	NOUN
ftr-476	515	50	.	.	PUNCT
ftr-476	515	51	"	"	PUNCT
ftr-476	515	52	)	)	PUNCT
ftr-476	515	53	.	.	PUNCT
ftr-476	516	1	[	[	X
ftr-476	516	2	vol	vol	NOUN
ftr-476	516	3	2:5	2:5	NUM
ftr-476	516	4	zero	zero	NUM
ftr-476	516	5	basis	basis	NOUN
ftr-476	516	6	hoar	hoar	NOUN
ftr-476	516	7	parties	party	NOUN
ftr-476	516	8	to	to	ADP
ftr-476	516	9	a	a	DET
ftr-476	516	10	sale	sale	NOUN
ftr-476	516	11	of	of	ADP
ftr-476	516	12	property	property	NOUN
ftr-476	516	13	with	with	ADP
ftr-476	516	14	respect	respect	NOUN
ftr-476	516	15	to	to	ADP
ftr-476	516	16	the	the	DET
ftr-476	516	17	mortgage	mortgage	NOUN
ftr-476	516	18	debt	debt	NOUN
ftr-476	516	19	.	.	PUNCT
ftr-476	517	1	80	80	NUM
ftr-476	517	2	the	the	DET
ftr-476	517	3	tax	tax	NOUN
ftr-476	517	4	court	court	NOUN
ftr-476	517	5	followed	follow	VERB
ftr-476	517	6	the	the	DET
ftr-476	517	7	supreme	supreme	PROPN
ftr-476	517	8	court	court	PROPN
ftr-476	517	9	's	's	PART
ftr-476	517	10	directive	directive	NOUN
ftr-476	517	11	that	that	SCONJ
ftr-476	517	12	the	the	DET
ftr-476	517	13	customary	customary	ADJ
ftr-476	517	14	meanings	meaning	NOUN
ftr-476	517	15	of	of	ADP
ftr-476	517	16	words	word	NOUN
ftr-476	517	17	used	use	VERB
ftr-476	517	18	in	in	ADP
ftr-476	517	19	the	the	DET
ftr-476	517	20	code	code	NOUN
ftr-476	517	21	usually	usually	ADV
ftr-476	517	22	govern.8	govern.8	VERB
ftr-476	517	23	the	the	DET
ftr-476	517	24	same	same	ADJ
ftr-476	517	25	customary	customary	ADJ
ftr-476	517	26	meaning	meaning	NOUN
ftr-476	517	27	of	of	ADP
ftr-476	517	28	"	"	PUNCT
ftr-476	517	29	subject	subject	ADJ
ftr-476	517	30	to	to	ADP
ftr-476	517	31	"	"	PUNCT
ftr-476	517	32	should	should	AUX
ftr-476	517	33	also	also	ADV
ftr-476	517	34	apply	apply	VERB
ftr-476	517	35	under	under	ADP
ftr-476	517	36	section	section	NOUN
ftr-476	517	37	357(c	357(c	PROPN
ftr-476	517	38	)	)	PUNCT
ftr-476	517	39	.	.	PUNCT
ftr-476	518	1	in	in	ADP
ftr-476	518	2	professional	professional	ADJ
ftr-476	518	3	equities	equities	PROPN
ftr-476	518	4	,	,	PUNCT
ftr-476	518	5	inc	inc	PROPN
ftr-476	518	6	.	.	PROPN
ftr-476	518	7	v.	v.	PROPN
ftr-476	518	8	commissioner	commissioner	PROPN
ftr-476	518	9	,	,	PUNCT
ftr-476	518	10	'	'	PUNCT
ftr-476	518	11	a	a	DET
ftr-476	518	12	decision	decision	NOUN
ftr-476	518	13	in	in	ADP
ftr-476	518	14	which	which	PRON
ftr-476	518	15	the	the	DET
ftr-476	518	16	service	service	NOUN
ftr-476	518	17	subsequently	subsequently	ADV
ftr-476	518	18	acquiesced	acquiesce	VERB
ftr-476	518	19	,	,	PUNCT
ftr-476	518	20	the	the	DET
ftr-476	518	21	tax	tax	NOUN
ftr-476	518	22	court	court	NOUN
ftr-476	518	23	held	hold	VERB
ftr-476	518	24	that	that	PRON
ftr-476	518	25	wrapped	wrap	VERB
ftr-476	518	26	debt	debt	NOUN
ftr-476	518	27	should	should	AUX
ftr-476	518	28	not	not	PART
ftr-476	518	29	be	be	AUX
ftr-476	518	30	treated	treat	VERB
ftr-476	518	31	as	as	SCONJ
ftr-476	518	32	assumed	assume	VERB
ftr-476	518	33	or	or	CCONJ
ftr-476	518	34	taken	take	VERB
ftr-476	518	35	subject	subject	NOUN
ftr-476	518	36	to	to	ADP
ftr-476	518	37	for	for	ADP
ftr-476	518	38	purposes	purpose	NOUN
ftr-476	518	39	of	of	ADP
ftr-476	518	40	determining	determine	VERB
ftr-476	518	41	the	the	DET
ftr-476	518	42	total	total	ADJ
ftr-476	518	43	contract	contract	NOUN
ftr-476	518	44	price	price	NOUN
ftr-476	518	45	if	if	SCONJ
ftr-476	518	46	the	the	DET
ftr-476	518	47	following	follow	VERB
ftr-476	518	48	conditions	condition	NOUN
ftr-476	518	49	exist	exist	VERB
ftr-476	518	50	:	:	PUNCT
ftr-476	518	51	the	the	DET
ftr-476	518	52	seller	seller	NOUN
ftr-476	518	53	must	must	AUX
ftr-476	518	54	contract	contract	VERB
ftr-476	518	55	with	with	ADP
ftr-476	518	56	the	the	DET
ftr-476	518	57	buyer	buyer	NOUN
ftr-476	518	58	to	to	PART
ftr-476	518	59	remain	remain	VERB
ftr-476	518	60	liable	liable	ADJ
ftr-476	518	61	on	on	ADP
ftr-476	518	62	the	the	DET
ftr-476	518	63	wrapped	wrap	VERB
ftr-476	518	64	debt	debt	NOUN
ftr-476	518	65	,	,	PUNCT
ftr-476	518	66	the	the	DET
ftr-476	518	67	buyer	buyer	NOUN
ftr-476	518	68	must	must	AUX
ftr-476	518	69	rely	rely	VERB
ftr-476	518	70	solely	solely	ADV
ftr-476	518	71	on	on	ADP
ftr-476	518	72	that	that	DET
ftr-476	518	73	promise	promise	NOUN
ftr-476	518	74	for	for	ADP
ftr-476	518	75	protection	protection	NOUN
ftr-476	518	76	from	from	ADP
ftr-476	518	77	the	the	DET
ftr-476	518	78	wrapped	wrap	VERB
ftr-476	518	79	debt	debt	NOUN
ftr-476	518	80	and	and	CCONJ
ftr-476	518	81	must	must	AUX
ftr-476	518	82	agree	agree	VERB
ftr-476	518	83	to	to	PART
ftr-476	518	84	pay	pay	VERB
ftr-476	518	85	the	the	DET
ftr-476	518	86	full	full	ADJ
ftr-476	518	87	purchase	purchase	NOUN
ftr-476	518	88	price	price	NOUN
ftr-476	518	89	to	to	ADP
ftr-476	518	90	the	the	DET
ftr-476	518	91	seller	seller	NOUN
ftr-476	518	92	,	,	PUNCT
ftr-476	518	93	and	and	CCONJ
ftr-476	518	94	the	the	DET
ftr-476	518	95	buyer	buyer	NOUN
ftr-476	518	96	must	must	AUX
ftr-476	518	97	not	not	PART
ftr-476	518	98	serve	serve	VERB
ftr-476	518	99	as	as	ADP
ftr-476	518	100	an	an	DET
ftr-476	518	101	agent	agent	NOUN
ftr-476	518	102	for	for	ADP
ftr-476	518	103	payment	payment	NOUN
ftr-476	518	104	of	of	ADP
ftr-476	518	105	the	the	DET
ftr-476	518	106	outside	outside	ADJ
ftr-476	518	107	debt	debt	NOUN
ftr-476	518	108	.	.	PUNCT
ftr-476	519	1	"	"	PUNCT
ftr-476	519	2	'	'	PUNCT
ftr-476	519	3	the	the	DET
ftr-476	519	4	court	court	NOUN
ftr-476	519	5	found	find	VERB
ftr-476	519	6	"	"	PUNCT
ftr-476	519	7	no	no	DET
ftr-476	519	8	justification	justification	NOUN
ftr-476	519	9	for	for	ADP
ftr-476	519	10	reducing	reduce	VERB
ftr-476	519	11	the	the	DET
ftr-476	519	12	sales	sale	NOUN
ftr-476	519	13	price	price	NOUN
ftr-476	519	14	by	by	ADP
ftr-476	519	15	the	the	DET
ftr-476	519	16	amount	amount	NOUN
ftr-476	519	17	of	of	ADP
ftr-476	519	18	any	any	DET
ftr-476	519	19	underlying	underlie	VERB
ftr-476	519	20	mortgage	mortgage	NOUN
ftr-476	519	21	in	in	ADP
ftr-476	519	22	determining	determine	VERB
ftr-476	519	23	the	the	DET
ftr-476	519	24	'	'	PUNCT
ftr-476	519	25	contract	contract	NOUN
ftr-476	519	26	price	price	NOUN
ftr-476	519	27	'	'	PUNCT
ftr-476	519	28	in	in	ADP
ftr-476	519	29	the	the	DET
ftr-476	519	30	denominator	denominator	NOUN
ftr-476	519	31	,	,	PUNCT
ftr-476	519	32	since	since	SCONJ
ftr-476	519	33	the	the	DET
ftr-476	519	34	buyer	buyer	NOUN
ftr-476	519	35	neither	neither	CCONJ
ftr-476	519	36	'	'	PUNCT
ftr-476	519	37	assumed	assume	VERB
ftr-476	519	38	'	'	PUNCT
ftr-476	519	39	the	the	DET
ftr-476	519	40	underlying	underlie	VERB
ftr-476	519	41	mortgage	mortgage	NOUN
ftr-476	519	42	nor	nor	CCONJ
ftr-476	519	43	took	take	VERB
ftr-476	519	44	'	'	PUNCT
ftr-476	519	45	subject	subject	NOUN
ftr-476	519	46	'	'	PUNCT
ftr-476	519	47	to	to	ADP
ftr-476	519	48	it	it	PRON
ftr-476	519	49	-	-	PUNCT
ftr-476	519	50	the	the	DET
ftr-476	519	51	only	only	ADJ
ftr-476	519	52	circumstances	circumstance	NOUN
ftr-476	519	53	set	set	VERB
ftr-476	519	54	forth	forth	ADP
ftr-476	519	55	in	in	ADP
ftr-476	519	56	the	the	DET
ftr-476	519	57	regulations	regulation	NOUN
ftr-476	519	58	for	for	ADP
ftr-476	519	59	any	any	DET
ftr-476	519	60	such	such	ADJ
ftr-476	519	61	extraordinary	extraordinary	ADJ
ftr-476	519	62	reduction	reduction	NOUN
ftr-476	519	63	.	.	PUNCT
ftr-476	520	1	"	"	PUNCT
ftr-476	520	2	'	'	PUNCT
ftr-476	520	3	further	far	ADV
ftr-476	520	4	,	,	PUNCT
ftr-476	520	5	"	"	PUNCT
ftr-476	520	6	[	[	X
ftr-476	520	7	t]he	t]he	ADV
ftr-476	520	8	seller	seller	NOUN
ftr-476	520	9	in	in	ADP
ftr-476	520	10	a	a	DET
ftr-476	520	11	wraparound	wraparound	NOUN
ftr-476	520	12	sale	sale	NOUN
ftr-476	520	13	receives	receive	VERB
ftr-476	520	14	neither	neither	DET
ftr-476	520	15	80	80	NUM
ftr-476	520	16	.	.	PUNCT
ftr-476	521	1	i	i	PRON
ftr-476	521	2	d.	d.	PROPN
ftr-476	521	3	at	at	ADP
ftr-476	521	4	668	668	NUM
ftr-476	521	5	.	.	PUNCT
ftr-476	522	1	see	see	VERB
ftr-476	522	2	voight	voight	PROPN
ftr-476	522	3	v.	v.	PROPN
ftr-476	522	4	commissioner	commissioner	PROPN
ftr-476	522	5	,	,	PUNCT
ftr-476	522	6	68	68	NUM
ftr-476	522	7	t.c	t.c	PROPN
ftr-476	522	8	.	.	PROPN
ftr-476	522	9	99	99	NUM
ftr-476	522	10	,	,	PUNCT
ftr-476	522	11	111	111	NUM
ftr-476	522	12	n.6	n.6	NOUN
ftr-476	522	13	(	(	PUNCT
ftr-476	522	14	1977	1977	NUM
ftr-476	522	15	)	)	PUNCT
ftr-476	522	16	(	(	PUNCT
ftr-476	522	17	observing	observe	VERB
ftr-476	522	18	that	that	SCONJ
ftr-476	522	19	a	a	DET
ftr-476	522	20	statement	statement	NOUN
ftr-476	522	21	in	in	ADP
ftr-476	522	22	the	the	DET
ftr-476	522	23	conveyance	conveyance	NOUN
ftr-476	522	24	that	that	SCONJ
ftr-476	522	25	the	the	DET
ftr-476	522	26	property	property	NOUN
ftr-476	522	27	is	be	AUX
ftr-476	522	28	"	"	PUNCT
ftr-476	522	29	subject	subject	ADJ
ftr-476	522	30	to	to	ADP
ftr-476	522	31	"	"	PUNCT
ftr-476	522	32	debt	debt	NOUN
ftr-476	522	33	is	be	AUX
ftr-476	522	34	not	not	PART
ftr-476	522	35	dispositive	dispositive	ADJ
ftr-476	522	36	for	for	ADP
ftr-476	522	37	tax	tax	NOUN
ftr-476	522	38	purposes	purpose	NOUN
ftr-476	522	39	)	)	PUNCT
ftr-476	522	40	.	.	PUNCT
ftr-476	523	1	81	81	NUM
ftr-476	523	2	.	.	PUNCT
ftr-476	524	1	stonecrest	stonecrest	PROPN
ftr-476	524	2	,	,	PUNCT
ftr-476	524	3	24	24	NUM
ftr-476	524	4	t.c	t.c	PROPN
ftr-476	524	5	.	.	PUNCT
ftr-476	525	1	at	at	ADP
ftr-476	525	2	666	666	NUM
ftr-476	525	3	(	(	PUNCT
ftr-476	525	4	citing	cite	VERB
ftr-476	525	5	crane	crane	NOUN
ftr-476	525	6	v.	v.	PROPN
ftr-476	525	7	commissioner	commissioner	NOUN
ftr-476	525	8	.	.	PUNCT
ftr-476	526	1	331	331	NUM
ftr-476	526	2	u.s	u.s	PROPN
ftr-476	526	3	.	.	PROPN
ftr-476	526	4	1	1	NUM
ftr-476	526	5	,	,	PUNCT
ftr-476	526	6	6	6	NUM
ftr-476	526	7	(	(	PUNCT
ftr-476	526	8	1947j	1947j	NUM
ftr-476	526	9	)	)	PUNCT
ftr-476	526	10	.	.	PUNCT
ftr-476	527	1	82	82	NUM
ftr-476	527	2	.	.	NOUN
ftr-476	527	3	89	89	NUM
ftr-476	527	4	t.c	t.c	PROPN
ftr-476	527	5	.	.	PROPN
ftr-476	527	6	165	165	NUM
ftr-476	527	7	(	(	PUNCT
ftr-476	527	8	1987	1987	NUM
ftr-476	527	9	)	)	PUNCT
ftr-476	527	10	(	(	PUNCT
ftr-476	527	11	holding	hold	VERB
ftr-476	527	12	regs	reg	NOUN
ftr-476	527	13	.	.	PUNCT
ftr-476	528	1	§	§	PROPN
ftr-476	528	2	15a.453	15a.453	NUM
ftr-476	528	3	-	-	PUNCT
ftr-476	528	4	1i(b)(3)(ii	1i(b)(3)(ii	NUM
ftr-476	528	5	)	)	PUNCT
ftr-476	528	6	invalid	invalid	ADJ
ftr-476	528	7	as	as	ADP
ftr-476	528	8	inconsistent	inconsistent	ADJ
ftr-476	528	9	with	with	ADP
ftr-476	528	10	§	§	PROPN
ftr-476	528	11	453	453	NUM
ftr-476	528	12	)	)	PUNCT
ftr-476	528	13	,	,	PUNCT
ftr-476	528	14	acq	acq	PROPN
ftr-476	528	15	.	.	PROPN
ftr-476	528	16	,	,	PUNCT
ftr-476	528	17	1988	1988	NUM
ftr-476	528	18	-	-	SYM
ftr-476	528	19	2	2	NUM
ftr-476	528	20	c.b	c.b	PROPN
ftr-476	528	21	.	.	PROPN
ftr-476	528	22	1	1	NUM
ftr-476	528	23	.	.	X
ftr-476	529	1	in	in	ADP
ftr-476	529	2	professional	professional	ADJ
ftr-476	529	3	equities	equity	NOUN
ftr-476	529	4	,	,	PUNCT
ftr-476	529	5	the	the	DET
ftr-476	529	6	court	court	NOUN
ftr-476	529	7	stated	state	VERB
ftr-476	529	8	that	that	SCONJ
ftr-476	529	9	where	where	SCONJ
ftr-476	529	10	the	the	DET
ftr-476	529	11	seller	seller	NOUN
ftr-476	529	12	's	's	PART
ftr-476	529	13	wrapped	wrap	VERB
ftr-476	529	14	debt	debt	NOUN
ftr-476	529	15	exceeds	exceed	VERB
ftr-476	529	16	the	the	DET
ftr-476	529	17	property	property	NOUN
ftr-476	529	18	's	's	PART
ftr-476	529	19	basis	basis	NOUN
ftr-476	529	20	,	,	PUNCT
ftr-476	529	21	it	it	PRON
ftr-476	529	22	might	might	AUX
ftr-476	529	23	be	be	AUX
ftr-476	529	24	reasonable	reasonable	ADJ
ftr-476	529	25	to	to	PART
ftr-476	529	26	treat	treat	VERB
ftr-476	529	27	the	the	DET
ftr-476	529	28	excess	excess	NOUN
ftr-476	529	29	as	as	ADP
ftr-476	529	30	payment	payment	NOUN
ftr-476	529	31	in	in	ADP
ftr-476	529	32	the	the	DET
ftr-476	529	33	year	year	NOUN
ftr-476	529	34	of	of	ADP
ftr-476	529	35	sale	sale	NOUN
ftr-476	529	36	.	.	PUNCT
ftr-476	530	1	89	89	NUM
ftr-476	530	2	t.c	t.c	PROPN
ftr-476	530	3	.	.	PUNCT
ftr-476	531	1	at	at	ADP
ftr-476	531	2	178	178	NUM
ftr-476	531	3	n.	n.	NOUN
ftr-476	531	4	17	17	NUM
ftr-476	531	5	.	.	PUNCT
ftr-476	532	1	this	this	DET
ftr-476	532	2	statement	statement	NOUN
ftr-476	532	3	has	have	VERB
ftr-476	532	4	no	no	DET
ftr-476	532	5	application	application	NOUN
ftr-476	532	6	to	to	ADP
ftr-476	532	7	the	the	DET
ftr-476	532	8	lessinger	lessinger	ADJ
ftr-476	532	9	scenario	scenario	NOUN
ftr-476	532	10	,	,	PUNCT
ftr-476	532	11	but	but	CCONJ
ftr-476	532	12	rather	rather	ADV
ftr-476	532	13	refers	refer	VERB
ftr-476	532	14	to	to	ADP
ftr-476	532	15	the	the	DET
ftr-476	532	16	typical	typical	ADJ
ftr-476	532	17	wraparound	wraparound	NOUN
ftr-476	532	18	mortgage	mortgage	NOUN
ftr-476	532	19	case	case	NOUN
ftr-476	532	20	where	where	SCONJ
ftr-476	532	21	the	the	DET
ftr-476	532	22	buyer	buyer	NOUN
ftr-476	532	23	is	be	AUX
ftr-476	532	24	giving	give	VERB
ftr-476	532	25	debt	debt	NOUN
ftr-476	532	26	that	that	PRON
ftr-476	532	27	replicates	replicate	VERB
ftr-476	532	28	the	the	DET
ftr-476	532	29	wrapped	wrap	VERB
ftr-476	532	30	debt	debt	NOUN
ftr-476	532	31	but	but	CCONJ
ftr-476	532	32	is	be	AUX
ftr-476	532	33	not	not	PART
ftr-476	532	34	being	be	AUX
ftr-476	532	35	treated	treat	VERB
ftr-476	532	36	as	as	ADP
ftr-476	532	37	payment	payment	NOUN
ftr-476	532	38	in	in	ADP
ftr-476	532	39	the	the	DET
ftr-476	532	40	year	year	NOUN
ftr-476	532	41	for	for	ADP
ftr-476	532	42	installment	installment	NOUN
ftr-476	532	43	sale	sale	NOUN
ftr-476	532	44	purposes	purpose	NOUN
ftr-476	532	45	.	.	PUNCT
ftr-476	533	1	83	83	NUM
ftr-476	533	2	.	.	PUNCT
ftr-476	534	1	see	see	VERB
ftr-476	534	2	republic	republic	PROPN
ftr-476	534	3	petroleum	petroleum	PROPN
ftr-476	534	4	corp	corp	PROPN
ftr-476	534	5	.	.	PROPN
ftr-476	535	1	v.	v.	PROPN
ftr-476	535	2	united	united	PROPN
ftr-476	535	3	states	states	PROPN
ftr-476	535	4	,	,	PUNCT
ftr-476	535	5	613	613	NUM
ftr-476	535	6	f.2d	f.2d	ADP
ftr-476	535	7	518	518	NUM
ftr-476	535	8	(	(	PUNCT
ftr-476	535	9	5th	5th	ADJ
ftr-476	535	10	cir	cir	NOUN
ftr-476	535	11	.	.	PUNCT
ftr-476	535	12	1980	1980	NUM
ftr-476	535	13	)	)	PUNCT
ftr-476	536	1	(	(	PUNCT
ftr-476	536	2	holding	hold	VERB
ftr-476	536	3	that	that	DET
ftr-476	536	4	buyer	buyer	NOUN
ftr-476	536	5	's	's	PART
ftr-476	536	6	payments	payment	NOUN
ftr-476	536	7	on	on	ADP
ftr-476	536	8	the	the	DET
ftr-476	536	9	wrapped	wrap	VERB
ftr-476	536	10	debt	debt	NOUN
ftr-476	536	11	were	be	AUX
ftr-476	536	12	evidence	evidence	NOUN
ftr-476	536	13	of	of	ADP
ftr-476	536	14	intent	intent	NOUN
ftr-476	536	15	to	to	PART
ftr-476	536	16	assume	assume	VERB
ftr-476	536	17	)	)	PUNCT
ftr-476	536	18	;	;	PUNCT
ftr-476	536	19	goodman	goodman	PROPN
ftr-476	536	20	v.	v.	PROPN
ftr-476	536	21	commissioner	commissioner	PROPN
ftr-476	536	22	,	,	PUNCT
ftr-476	536	23	74	74	NUM
ftr-476	536	24	t.c	t.c	PROPN
ftr-476	536	25	.	.	PROPN
ftr-476	536	26	684	684	NUM
ftr-476	536	27	,	,	PUNCT
ftr-476	536	28	713	713	NUM
ftr-476	536	29	-	-	SYM
ftr-476	536	30	14	14	NUM
ftr-476	536	31	(	(	PUNCT
ftr-476	536	32	1980	1980	NUM
ftr-476	536	33	)	)	PUNCT
ftr-476	536	34	(	(	PUNCT
ftr-476	536	35	holding	hold	VERB
ftr-476	536	36	that	that	SCONJ
ftr-476	536	37	the	the	DET
ftr-476	536	38	buyer	buyer	NOUN
ftr-476	536	39	took	take	VERB
ftr-476	536	40	the	the	DET
ftr-476	536	41	property	property	NOUN
ftr-476	536	42	subject	subject	NOUN
ftr-476	536	43	to	to	ADP
ftr-476	536	44	the	the	DET
ftr-476	536	45	wrapped	wrap	VERB
ftr-476	536	46	mortgage	mortgage	NOUN
ftr-476	536	47	because	because	SCONJ
ftr-476	536	48	it	it	PRON
ftr-476	536	49	was	be	AUX
ftr-476	536	50	obligated	obligate	VERB
ftr-476	536	51	to	to	PART
ftr-476	536	52	make	make	VERB
ftr-476	536	53	payments	payment	NOUN
ftr-476	536	54	on	on	ADP
ftr-476	536	55	the	the	DET
ftr-476	536	56	purported	purport	VERB
ftr-476	536	57	wraparound	wraparound	NOUN
ftr-476	536	58	mortgage	mortgage	NOUN
ftr-476	536	59	to	to	ADP
ftr-476	536	60	a	a	DET
ftr-476	536	61	bank	bank	NOUN
ftr-476	536	62	that	that	PRON
ftr-476	536	63	applied	apply	VERB
ftr-476	536	64	part	part	NOUN
ftr-476	536	65	of	of	ADP
ftr-476	536	66	the	the	DET
ftr-476	536	67	payment	payment	NOUN
ftr-476	536	68	to	to	ADP
ftr-476	536	69	the	the	DET
ftr-476	536	70	wrapped	wrap	VERB
ftr-476	536	71	mortgage	mortgage	NOUN
ftr-476	536	72	)	)	PUNCT
ftr-476	536	73	,	,	PUNCT
ftr-476	536	74	affd	affd	VERB
ftr-476	536	75	without	without	ADP
ftr-476	536	76	published	publish	VERB
ftr-476	536	77	opinion	opinion	NOUN
ftr-476	536	78	,	,	PUNCT
ftr-476	536	79	673	673	NUM
ftr-476	536	80	f.2d	f.2d	SYM
ftr-476	536	81	1332	1332	NUM
ftr-476	536	82	(	(	PUNCT
ftr-476	536	83	7th	7th	ADJ
ftr-476	536	84	cir	cir	NOUN
ftr-476	536	85	.	.	PUNCT
ftr-476	536	86	1981	1981	NUM
ftr-476	536	87	)	)	PUNCT
ftr-476	536	88	.	.	PUNCT
ftr-476	537	1	voight	voight	PROPN
ftr-476	537	2	v.	v.	PROPN
ftr-476	537	3	commissioner	commissioner	PROPN
ftr-476	537	4	,	,	PUNCT
ftr-476	537	5	68	68	NUM
ftr-476	537	6	t.c	t.c	PROPN
ftr-476	537	7	.	.	PROPN
ftr-476	537	8	99	99	NUM
ftr-476	537	9	,	,	PUNCT
ftr-476	537	10	113	113	NUM
ftr-476	537	11	(	(	PUNCT
ftr-476	537	12	1977	1977	NUM
ftr-476	537	13	)	)	PUNCT
ftr-476	537	14	(	(	PUNCT
ftr-476	537	15	holding	hold	VERB
ftr-476	537	16	that	that	SCONJ
ftr-476	537	17	the	the	DET
ftr-476	537	18	purchaser	purchaser	NOUN
ftr-476	537	19	assumed	assume	VERB
ftr-476	537	20	a	a	DET
ftr-476	537	21	wrapped	wrap	VERB
ftr-476	537	22	mortgage	mortgage	NOUN
ftr-476	537	23	where	where	SCONJ
ftr-476	537	24	it	it	PRON
ftr-476	537	25	was	be	AUX
ftr-476	537	26	intended	intend	VERB
ftr-476	537	27	to	to	PART
ftr-476	537	28	pay	pay	VERB
ftr-476	537	29	the	the	DET
ftr-476	537	30	wrapped	wrap	VERB
ftr-476	537	31	debt	debt	NOUN
ftr-476	537	32	directly	directly	ADV
ftr-476	537	33	to	to	ADP
ftr-476	537	34	the	the	DET
ftr-476	537	35	outside	outside	ADJ
ftr-476	537	36	creditor	creditor	NOUN
ftr-476	537	37	)	)	PUNCT
ftr-476	537	38	,	,	PUNCT
ftr-476	537	39	afrd	afrd	ADJ
ftr-476	537	40	,	,	PUNCT
ftr-476	537	41	614	614	NUM
ftr-476	537	42	f.2d	f.2d	SYM
ftr-476	537	43	94	94	NUM
ftr-476	537	44	(	(	PUNCT
ftr-476	537	45	5th	5th	ADJ
ftr-476	537	46	cir	cir	NOUN
ftr-476	537	47	.	.	PUNCT
ftr-476	537	48	1980	1980	NUM
ftr-476	537	49	)	)	PUNCT
ftr-476	537	50	.	.	PUNCT
ftr-476	538	1	84	84	NUM
ftr-476	538	2	.	.	PUNCT
ftr-476	539	1	professional	professional	ADJ
ftr-476	539	2	equities	equity	NOUN
ftr-476	539	3	,	,	PUNCT
ftr-476	539	4	89	89	NUM
ftr-476	539	5	t.c	t.c	PROPN
ftr-476	539	6	.	.	PUNCT
ftr-476	540	1	at	at	ADP
ftr-476	540	2	171	171	NUM
ftr-476	540	3	.	.	PUNCT
ftr-476	541	1	the	the	DET
ftr-476	541	2	opinion	opinion	NOUN
ftr-476	541	3	in	in	ADP
ftr-476	541	4	stonecrest	stonecrest	PROPN
ftr-476	541	5	contains	contain	VERB
ftr-476	541	6	extensive	extensive	ADJ
ftr-476	541	7	discussion	discussion	NOUN
ftr-476	541	8	of	of	ADP
ftr-476	541	9	why	why	SCONJ
ftr-476	541	10	the	the	DET
ftr-476	541	11	property	property	NOUN
ftr-476	541	12	should	should	AUX
ftr-476	541	13	not	not	PART
ftr-476	541	14	be	be	AUX
ftr-476	541	15	considered	consider	VERB
ftr-476	541	16	sold	sell	VERB
ftr-476	541	17	subject	subject	ADJ
ftr-476	541	18	to	to	ADP
ftr-476	541	19	the	the	DET
ftr-476	541	20	wrapped	wrap	VERB
ftr-476	541	21	debt	debt	NOUN
ftr-476	541	22	.	.	PUNCT
ftr-476	542	1	19941	19941	NUM
ftr-476	542	2	florida	florida	PROPN
ftr-476	542	3	tax	tax	PROPN
ftr-476	542	4	review	review	NOUN
ftr-476	542	5	'	'	PUNCT
ftr-476	542	6	current	current	ADJ
ftr-476	542	7	payment	payment	NOUN
ftr-476	542	8	nor	nor	CCONJ
ftr-476	542	9	the	the	DET
ftr-476	542	10	practical	practical	ADJ
ftr-476	542	11	benefit	benefit	NOUN
ftr-476	542	12	of	of	ADP
ftr-476	542	13	current	current	ADJ
ftr-476	542	14	payment	payment	NOUN
ftr-476	542	15	of	of	ADP
ftr-476	542	16	the	the	DET
ftr-476	542	17	underlying	underlie	VERB
ftr-476	542	18	debt	debt	NOUN
ftr-476	542	19	.	.	PUNCT
ftr-476	542	20	'	'	PUNCT
ftr-476	543	1	"	"	PUNCT
ftr-476	543	2	85	85	NUM
ftr-476	543	3	the	the	DET
ftr-476	543	4	tax	tax	NOUN
ftr-476	543	5	court	court	NOUN
ftr-476	543	6	,	,	PUNCT
ftr-476	543	7	in	in	ADP
ftr-476	543	8	dictum	dictum	NOUN
ftr-476	543	9	in	in	ADP
ftr-476	543	10	a	a	DET
ftr-476	543	11	footnote	footnote	NOUN
ftr-476	543	12	of	of	ADP
ftr-476	543	13	a	a	DET
ftr-476	543	14	memorandum	memorandum	NOUN
ftr-476	543	15	opinion	opinion	NOUN
ftr-476	543	16	,	,	PUNCT
ftr-476	543	17	has	have	AUX
ftr-476	543	18	rejected	reject	VERB
ftr-476	543	19	the	the	DET
ftr-476	543	20	analogy	analogy	NOUN
ftr-476	543	21	between	between	ADP
ftr-476	543	22	section	section	NOUN
ftr-476	543	23	357(c	357(c	PROPN
ftr-476	543	24	)	)	PUNCT
ftr-476	543	25	and	and	CCONJ
ftr-476	543	26	wraparound	wraparound	NOUN
ftr-476	543	27	mortgages	mortgage	NOUN
ftr-476	543	28	under	under	ADP
ftr-476	543	29	section	section	NOUN
ftr-476	543	30	453	453	NUM
ftr-476	543	31	on	on	ADP
ftr-476	543	32	the	the	DET
ftr-476	543	33	ground	ground	NOUN
ftr-476	543	34	that	that	SCONJ
ftr-476	543	35	the	the	DET
ftr-476	543	36	latter	latter	ADJ
ftr-476	543	37	merely	merely	ADV
ftr-476	543	38	deals	deal	NOUN
ftr-476	543	39	with	with	ADP
ftr-476	543	40	timing	timing	NOUN
ftr-476	543	41	and	and	CCONJ
ftr-476	543	42	not	not	PART
ftr-476	543	43	the	the	DET
ftr-476	543	44	amount	amount	NOUN
ftr-476	543	45	of	of	ADP
ftr-476	543	46	income.86	income.86	NOUN
ftr-476	543	47	this	this	DET
ftr-476	543	48	argument	argument	NOUN
ftr-476	543	49	is	be	AUX
ftr-476	543	50	unpersuasive	unpersuasive	ADJ
ftr-476	543	51	.	.	PUNCT
ftr-476	544	1	in	in	ADP
ftr-476	544	2	both	both	DET
ftr-476	544	3	contexts	context	NOUN
ftr-476	544	4	,	,	PUNCT
ftr-476	544	5	the	the	DET
ftr-476	544	6	question	question	NOUN
ftr-476	544	7	involves	involve	VERB
ftr-476	544	8	the	the	DET
ftr-476	544	9	meaning	meaning	NOUN
ftr-476	544	10	of	of	ADP
ftr-476	544	11	the	the	DET
ftr-476	544	12	phrase	phrase	NOUN
ftr-476	544	13	"	"	PUNCT
ftr-476	544	14	subject	subject	ADJ
ftr-476	544	15	to	to	ADP
ftr-476	544	16	,	,	PUNCT
ftr-476	544	17	"	"	PUNCT
ftr-476	544	18	and	and	CCONJ
ftr-476	544	19	the	the	DET
ftr-476	544	20	normal	normal	ADJ
ftr-476	544	21	meaning	meaning	NOUN
ftr-476	544	22	should	should	AUX
ftr-476	544	23	apply	apply	VERB
ftr-476	544	24	in	in	ADP
ftr-476	544	25	both	both	PRON
ftr-476	544	26	cases.87	cases.87	VERB
ftr-476	544	27	furthermore	furthermore	ADV
ftr-476	544	28	,	,	PUNCT
ftr-476	544	29	a	a	DET
ftr-476	544	30	crucial	crucial	ADJ
ftr-476	544	31	element	element	NOUN
ftr-476	544	32	of	of	ADP
ftr-476	544	33	the	the	DET
ftr-476	544	34	wraparound	wraparound	NOUN
ftr-476	544	35	mortgage	mortgage	NOUN
ftr-476	544	36	treatment	treatment	NOUN
ftr-476	544	37	is	be	AUX
ftr-476	544	38	that	that	SCONJ
ftr-476	544	39	the	the	DET
ftr-476	544	40	seller	seller	NOUN
ftr-476	544	41	/	/	SYM
ftr-476	544	42	transferor	transferor	NOUN
ftr-476	544	43	's	's	PART
ftr-476	544	44	amount	amount	NOUN
ftr-476	544	45	realized	realize	VERB
ftr-476	544	46	does	do	AUX
ftr-476	544	47	not	not	PART
ftr-476	544	48	include	include	VERB
ftr-476	544	49	both	both	PRON
ftr-476	544	50	the	the	DET
ftr-476	544	51	wraparound	wraparound	NOUN
ftr-476	544	52	mortgage	mortgage	NOUN
ftr-476	544	53	and	and	CCONJ
ftr-476	544	54	the	the	DET
ftr-476	544	55	wrapped	wrap	VERB
ftr-476	544	56	mortgage.88	mortgage.88	PROPN
ftr-476	544	57	c.	c.	NOUN
ftr-476	544	58	section	section	NOUN
ftr-476	544	59	752(c).-another	752(c).-another	ADJ
ftr-476	544	60	analogous	analogous	ADJ
ftr-476	544	61	provision	provision	NOUN
ftr-476	544	62	,	,	PUNCT
ftr-476	544	63	section	section	NOUN
ftr-476	544	64	752(c	752(c	PROPN
ftr-476	544	65	)	)	PUNCT
ftr-476	544	66	,	,	PUNCT
ftr-476	544	67	provides	provide	VERB
ftr-476	544	68	that	that	SCONJ
ftr-476	544	69	in	in	ADP
ftr-476	544	70	determining	determine	VERB
ftr-476	544	71	whether	whether	SCONJ
ftr-476	544	72	a	a	DET
ftr-476	544	73	partner	partner	NOUN
ftr-476	544	74	's	's	PART
ftr-476	544	75	liabilities	liability	NOUN
ftr-476	544	76	have	have	AUX
ftr-476	544	77	increased	increase	VERB
ftr-476	544	78	or	or	CCONJ
ftr-476	544	79	decreased	decrease	VERB
ftr-476	544	80	,	,	PUNCT
ftr-476	544	81	a	a	DET
ftr-476	544	82	liability	liability	NOUN
ftr-476	544	83	to	to	PART
ftr-476	544	84	which	which	PRON
ftr-476	544	85	property	property	NOUN
ftr-476	544	86	is	be	AUX
ftr-476	544	87	subject	subject	NOUN
ftr-476	544	88	shall	shall	AUX
ftr-476	544	89	be	be	AUX
ftr-476	544	90	considered	consider	VERB
ftr-476	544	91	as	as	ADP
ftr-476	544	92	a	a	DET
ftr-476	544	93	liability	liability	NOUN
ftr-476	544	94	of	of	ADP
ftr-476	544	95	the	the	DET
ftr-476	544	96	owner	owner	NOUN
ftr-476	544	97	of	of	ADP
ftr-476	544	98	the	the	DET
ftr-476	544	99	property	property	NOUN
ftr-476	544	100	.	.	PUNCT
ftr-476	545	1	an	an	DET
ftr-476	545	2	increase	increase	NOUN
ftr-476	545	3	in	in	ADP
ftr-476	545	4	a	a	DET
ftr-476	545	5	partner	partner	NOUN
ftr-476	545	6	's	's	PART
ftr-476	545	7	share	share	NOUN
ftr-476	545	8	of	of	ADP
ftr-476	545	9	partnership	partnership	NOUN
ftr-476	545	10	liabilities	liability	NOUN
ftr-476	545	11	is	be	AUX
ftr-476	545	12	treated	treat	VERB
ftr-476	545	13	as	as	ADP
ftr-476	545	14	a	a	DET
ftr-476	545	15	contribution	contribution	NOUN
ftr-476	545	16	to	to	ADP
ftr-476	545	17	the	the	DET
ftr-476	545	18	partnership	partnership	NOUN
ftr-476	545	19	by	by	ADP
ftr-476	545	20	the	the	DET
ftr-476	545	21	partner	partner	NOUN
ftr-476	545	22	,	,	PUNCT
ftr-476	545	23	and	and	CCONJ
ftr-476	545	24	a	a	DET
ftr-476	545	25	decrease	decrease	NOUN
ftr-476	545	26	in	in	ADP
ftr-476	545	27	liability	liability	NOUN
ftr-476	545	28	share	share	NOUN
ftr-476	545	29	is	be	AUX
ftr-476	545	30	treated	treat	VERB
ftr-476	545	31	as	as	ADP
ftr-476	545	32	a	a	DET
ftr-476	545	33	distribution	distribution	NOUN
ftr-476	545	34	by	by	ADP
ftr-476	545	35	the	the	DET
ftr-476	545	36	partnership	partnership	NOUN
ftr-476	545	37	to	to	ADP
ftr-476	545	38	the	the	DET
ftr-476	545	39	partner.8	partner.8	PROPN
ftr-476	545	40	9	9	NUM
ftr-476	545	41	where	where	SCONJ
ftr-476	545	42	a	a	DET
ftr-476	545	43	partner	partner	NOUN
ftr-476	545	44	transfers	transfer	VERB
ftr-476	545	45	property	property	NOUN
ftr-476	545	46	to	to	ADP
ftr-476	545	47	a	a	DET
ftr-476	545	48	partnership	partnership	NOUN
ftr-476	545	49	subject	subject	NOUN
ftr-476	545	50	to	to	ADP
ftr-476	545	51	debt	debt	NOUN
ftr-476	545	52	but	but	CCONJ
ftr-476	545	53	(	(	PUNCT
ftr-476	545	54	as	as	ADP
ftr-476	545	55	among	among	ADP
ftr-476	545	56	the	the	DET
ftr-476	545	57	partnership	partnership	NOUN
ftr-476	545	58	and	and	CCONJ
ftr-476	545	59	the	the	DET
ftr-476	545	60	partners	partner	NOUN
ftr-476	545	61	)	)	PUNCT
ftr-476	545	62	remains	remain	VERB
ftr-476	545	63	ultimately	ultimately	ADV
ftr-476	545	64	responsible	responsible	ADJ
ftr-476	545	65	for	for	ADP
ftr-476	545	66	paying	pay	VERB
ftr-476	545	67	the	the	DET
ftr-476	545	68	debt	debt	NOUN
ftr-476	545	69	,	,	PUNCT
ftr-476	545	70	the	the	DET
ftr-476	545	71	partnership	partnership	NOUN
ftr-476	545	72	is	be	AUX
ftr-476	545	73	deemed	deem	VERB
ftr-476	545	74	to	to	PART
ftr-476	545	75	make	make	VERB
ftr-476	545	76	a	a	DET
ftr-476	545	77	distribution	distribution	NOUN
ftr-476	545	78	to	to	ADP
ftr-476	545	79	the	the	DET
ftr-476	545	80	partner	partner	NOUN
ftr-476	545	81	in	in	ADP
ftr-476	545	82	the	the	DET
ftr-476	545	83	amount	amount	NOUN
ftr-476	545	84	of	of	ADP
ftr-476	545	85	the	the	DET
ftr-476	545	86	debt	debt	NOUN
ftr-476	545	87	,	,	PUNCT
ftr-476	545	88	and	and	CCONJ
ftr-476	545	89	the	the	DET
ftr-476	545	90	partner	partner	NOUN
ftr-476	545	91	is	be	AUX
ftr-476	545	92	deemed	deem	VERB
ftr-476	545	93	to	to	PART
ftr-476	545	94	make	make	VERB
ftr-476	545	95	an	an	DET
ftr-476	545	96	equal	equal	ADJ
ftr-476	545	97	contribution	contribution	NOUN
ftr-476	545	98	,	,	PUNCT
ftr-476	545	99	with	with	ADP
ftr-476	545	100	the	the	DET
ftr-476	545	101	result	result	NOUN
ftr-476	545	102	that	that	SCONJ
ftr-476	545	103	there	there	PRON
ftr-476	545	104	is	be	VERB
ftr-476	545	105	no	no	DET
ftr-476	545	106	net	net	ADJ
ftr-476	545	107	contribution	contribution	NOUN
ftr-476	545	108	or	or	CCONJ
ftr-476	545	109	distribution.9	distribution.9	PROPN
ftr-476	545	110	"	"	PUNCT
ftr-476	545	111	where	where	SCONJ
ftr-476	545	112	a	a	DET
ftr-476	545	113	partnership	partnership	NOUN
ftr-476	545	114	transfers	transfer	VERB
ftr-476	545	115	property	property	NOUN
ftr-476	545	116	subject	subject	NOUN
ftr-476	545	117	to	to	ADP
ftr-476	545	118	debt	debt	NOUN
ftr-476	545	119	to	to	ADP
ftr-476	545	120	a	a	DET
ftr-476	545	121	person	person	NOUN
ftr-476	545	122	who	who	PRON
ftr-476	545	123	is	be	AUX
ftr-476	545	124	not	not	PART
ftr-476	545	125	a	a	DET
ftr-476	545	126	partner	partner	NOUN
ftr-476	545	127	but	but	CCONJ
ftr-476	545	128	retains	retain	VERB
ftr-476	545	129	liability	liability	NOUN
ftr-476	545	130	for	for	ADP
ftr-476	545	131	the	the	DET
ftr-476	545	132	debt	debt	NOUN
ftr-476	545	133	,	,	PUNCT
ftr-476	545	134	there	there	PRON
ftr-476	545	135	is	be	VERB
ftr-476	545	136	no	no	DET
ftr-476	545	137	authority	authority	NOUN
ftr-476	545	138	on	on	ADP
ftr-476	545	139	whether	whether	SCONJ
ftr-476	545	140	the	the	DET
ftr-476	545	141	transaction	transaction	NOUN
ftr-476	545	142	should	should	AUX
ftr-476	545	143	have	have	AUX
ftr-476	545	144	the	the	DET
ftr-476	545	145	effect	effect	NOUN
ftr-476	545	146	of	of	ADP
ftr-476	545	147	reducing	reduce	VERB
ftr-476	545	148	partnership	partnership	NOUN
ftr-476	545	149	liability	liability	NOUN
ftr-476	545	150	and	and	CCONJ
ftr-476	545	151	causing	cause	VERB
ftr-476	545	152	85	85	NUM
ftr-476	545	153	.	.	PUNCT
ftr-476	546	1	professional	professional	ADJ
ftr-476	546	2	equities	equity	NOUN
ftr-476	546	3	,	,	PUNCT
ftr-476	546	4	89	89	NUM
ftr-476	546	5	t.c	t.c	PROPN
ftr-476	546	6	.	.	PUNCT
ftr-476	547	1	at	at	ADP
ftr-476	547	2	179	179	NUM
ftr-476	547	3	(	(	PUNCT
ftr-476	547	4	quoting	quote	VERB
ftr-476	547	5	hunt	hunt	PROPN
ftr-476	547	6	v.	v.	ADP
ftr-476	547	7	commissioner	commissioner	PROPN
ftr-476	547	8	,	,	PUNCT
ftr-476	547	9	80	80	NUM
ftr-476	547	10	t.c	t.c	PROPN
ftr-476	547	11	.	.	PROPN
ftr-476	547	12	1126	1126	NUM
ftr-476	547	13	,	,	PUNCT
ftr-476	547	14	1142	1142	NUM
ftr-476	547	15	-	-	SYM
ftr-476	547	16	43	43	NUM
ftr-476	547	17	(	(	PUNCT
ftr-476	547	18	1983	1983	NUM
ftr-476	547	19	)	)	PUNCT
ftr-476	547	20	)	)	PUNCT
ftr-476	547	21	.	.	PUNCT
ftr-476	548	1	see	see	VERB
ftr-476	548	2	also	also	ADV
ftr-476	548	3	regs	reg	VERB
ftr-476	548	4	.	.	PUNCT
ftr-476	549	1	§	§	PROPN
ftr-476	549	2	1.1274	1.1274	NUM
ftr-476	549	3	-	-	SYM
ftr-476	549	4	5(c	5(c	NUM
ftr-476	549	5	)	)	PUNCT
ftr-476	549	6	(	(	PUNCT
ftr-476	549	7	providing	provide	VERB
ftr-476	549	8	that	that	PRON
ftr-476	549	9	for	for	ADP
ftr-476	549	10	purposes	purpose	NOUN
ftr-476	549	11	of	of	ADP
ftr-476	549	12	the	the	DET
ftr-476	549	13	old	old	ADJ
ftr-476	549	14	rules	rule	NOUN
ftr-476	549	15	a	a	DET
ftr-476	549	16	wraparound	wraparound	NOUN
ftr-476	549	17	mortgage	mortgage	NOUN
ftr-476	549	18	is	be	AUX
ftr-476	549	19	not	not	PART
ftr-476	549	20	treated	treat	VERB
ftr-476	549	21	as	as	ADP
ftr-476	549	22	an	an	DET
ftr-476	549	23	assumption	assumption	NOUN
ftr-476	549	24	)	)	PUNCT
ftr-476	549	25	.	.	PUNCT
ftr-476	550	1	86	86	NUM
ftr-476	550	2	.	.	PUNCT
ftr-476	551	1	owen	owen	PROPN
ftr-476	551	2	v.	v.	PROPN
ftr-476	551	3	commissioner	commissioner	PROPN
ftr-476	551	4	,	,	PUNCT
ftr-476	551	5	53	53	NUM
ftr-476	551	6	t.c	t.c	PROPN
ftr-476	551	7	.	.	PROPN
ftr-476	551	8	memo	memo	NOUN
ftr-476	551	9	(	(	PUNCT
ftr-476	551	10	cch	cch	PROPN
ftr-476	551	11	)	)	PUNCT
ftr-476	551	12	1480	1480	NUM
ftr-476	551	13	,	,	PUNCT
ftr-476	551	14	1484	1484	NUM
ftr-476	551	15	n.19	n.19	NOUN
ftr-476	551	16	,	,	PUNCT
ftr-476	551	17	t.c	t.c	PROPN
ftr-476	551	18	.	.	PROPN
ftr-476	551	19	memo	memo	NOUN
ftr-476	551	20	(	(	PUNCT
ftr-476	551	21	p	p	NOUN
ftr-476	551	22	-	-	PUNCT
ftr-476	551	23	h	h	NOUN
ftr-476	551	24	)	)	PUNCT
ftr-476	551	25	87,375	87,375	NUM
ftr-476	551	26	(	(	PUNCT
ftr-476	551	27	1987	1987	NUM
ftr-476	551	28	)	)	PUNCT
ftr-476	551	29	.	.	PUNCT
ftr-476	552	1	87	87	NUM
ftr-476	552	2	.	.	PUNCT
ftr-476	553	1	in	in	ADP
ftr-476	553	2	united	united	PROPN
ftr-476	553	3	pac	pac	PROPN
ftr-476	553	4	.	.	PROPN
ftr-476	553	5	corp	corp	PROPN
ftr-476	553	6	.	.	PROPN
ftr-476	554	1	v.	v.	PROPN
ftr-476	554	2	commissioner	commissioner	PROPN
ftr-476	554	3	,	,	PUNCT
ftr-476	554	4	39	39	NUM
ftr-476	554	5	t.c	t.c	PROPN
ftr-476	554	6	.	.	PROPN
ftr-476	554	7	721,728	721,728	NUM
ftr-476	554	8	(	(	PUNCT
ftr-476	554	9	1963	1963	NUM
ftr-476	554	10	)	)	PUNCT
ftr-476	555	1	,	,	PUNCT
ftr-476	555	2	the	the	DET
ftr-476	555	3	court	court	NOUN
ftr-476	555	4	states	state	VERB
ftr-476	555	5	:	:	PUNCT
ftr-476	555	6	respondent	respondent	NOUN
ftr-476	555	7	argues	argue	VERB
ftr-476	555	8	that	that	SCONJ
ftr-476	555	9	"	"	PUNCT
ftr-476	555	10	the	the	DET
ftr-476	555	11	purchaser	purchaser	NOUN
ftr-476	555	12	can	can	AUX
ftr-476	555	13	realistically	realistically	ADV
ftr-476	555	14	be	be	AUX
ftr-476	555	15	regarded	regard	VERB
ftr-476	555	16	as	as	ADP
ftr-476	555	17	having	having	AUX
ftr-476	555	18	assumed	assume	VERB
ftr-476	555	19	the	the	DET
ftr-476	555	20	mortgage	mortgage	NOUN
ftr-476	555	21	on	on	ADP
ftr-476	555	22	the	the	DET
ftr-476	555	23	property	property	NOUN
ftr-476	555	24	at	at	ADP
ftr-476	555	25	the	the	DET
ftr-476	555	26	time	time	NOUN
ftr-476	555	27	of	of	ADP
ftr-476	555	28	the	the	DET
ftr-476	555	29	sale	sale	NOUN
ftr-476	555	30	for	for	ADP
ftr-476	555	31	federal	federal	ADJ
ftr-476	555	32	tax	tax	NOUN
ftr-476	555	33	purposes	purpose	NOUN
ftr-476	555	34	regardless	regardless	ADV
ftr-476	555	35	of	of	ADP
ftr-476	555	36	recitals	recital	NOUN
ftr-476	555	37	in	in	ADP
ftr-476	555	38	the	the	DET
ftr-476	555	39	agreements	agreement	NOUN
ftr-476	555	40	.	.	PUNCT
ftr-476	555	41	"	"	PUNCT
ftr-476	556	1	in	in	ADP
ftr-476	556	2	the	the	DET
ftr-476	556	3	absence	absence	NOUN
ftr-476	556	4	of	of	ADP
ftr-476	556	5	any	any	DET
ftr-476	556	6	compelling	compelling	ADJ
ftr-476	556	7	reasons	reason	NOUN
ftr-476	556	8	,	,	PUNCT
ftr-476	556	9	we	we	PRON
ftr-476	556	10	can	can	AUX
ftr-476	556	11	not	not	PART
ftr-476	556	12	accept	accept	VERB
ftr-476	556	13	this	this	DET
ftr-476	556	14	invitation	invitation	NOUN
ftr-476	556	15	to	to	PART
ftr-476	556	16	"	"	PUNCT
ftr-476	556	17	realism	realism	NOUN
ftr-476	556	18	"	"	PUNCT
ftr-476	556	19	which	which	PRON
ftr-476	556	20	involves	involve	VERB
ftr-476	556	21	a	a	DET
ftr-476	556	22	distortion	distortion	NOUN
ftr-476	556	23	of	of	ADP
ftr-476	556	24	the	the	DET
ftr-476	556	25	agreement	agreement	NOUN
ftr-476	556	26	of	of	ADP
ftr-476	556	27	the	the	DET
ftr-476	556	28	parties	party	NOUN
ftr-476	556	29	,	,	PUNCT
ftr-476	556	30	and	and	CCONJ
ftr-476	556	31	which	which	PRON
ftr-476	556	32	also	also	ADV
ftr-476	556	33	ignores	ignore	VERB
ftr-476	556	34	the	the	DET
ftr-476	556	35	established	establish	VERB
ftr-476	556	36	distinctions	distinction	NOUN
ftr-476	556	37	in	in	ADP
ftr-476	556	38	real	real	ADJ
ftr-476	556	39	property	property	NOUN
ftr-476	556	40	law	law	NOUN
ftr-476	556	41	in	in	ADP
ftr-476	556	42	this	this	DET
ftr-476	556	43	area	area	NOUN
ftr-476	556	44	which	which	PRON
ftr-476	556	45	were	be	AUX
ftr-476	556	46	pointed	point	VERB
ftr-476	556	47	out	out	ADP
ftr-476	556	48	in	in	ADP
ftr-476	556	49	the	the	DET
ftr-476	556	50	stonecrest	stonecrest	PROPN
ftr-476	556	51	case	case	NOUN
ftr-476	556	52	.	.	PUNCT
ftr-476	557	1	88	88	NUM
ftr-476	557	2	.	.	PUNCT
ftr-476	558	1	see	see	VERB
ftr-476	558	2	hunt	hunt	PROPN
ftr-476	558	3	v.	v.	ADP
ftr-476	558	4	commissioner	commissioner	PROPN
ftr-476	558	5	,	,	PUNCT
ftr-476	558	6	80	80	NUM
ftr-476	558	7	t.c	t.c	PROPN
ftr-476	558	8	.	.	PROPN
ftr-476	558	9	1126	1126	NUM
ftr-476	558	10	,	,	PUNCT
ftr-476	558	11	1144	1144	NUM
ftr-476	558	12	(	(	PUNCT
ftr-476	558	13	1983	1983	NUM
ftr-476	558	14	)	)	PUNCT
ftr-476	558	15	(	(	PUNCT
ftr-476	558	16	stating	state	VERB
ftr-476	558	17	that	that	SCONJ
ftr-476	558	18	even	even	ADV
ftr-476	558	19	the	the	DET
ftr-476	558	20	commissioner	commissioner	NOUN
ftr-476	558	21	presumably	presumably	ADV
ftr-476	558	22	would	would	AUX
ftr-476	558	23	not	not	PART
ftr-476	558	24	require	require	VERB
ftr-476	558	25	multiple	multiple	ADJ
ftr-476	558	26	recognition	recognition	NOUN
ftr-476	558	27	of	of	ADP
ftr-476	558	28	the	the	DET
ftr-476	558	29	same	same	ADJ
ftr-476	558	30	gain	gain	NOUN
ftr-476	558	31	)	)	PUNCT
ftr-476	558	32	.	.	PUNCT
ftr-476	559	1	89	89	NUM
ftr-476	559	2	.	.	PUNCT
ftr-476	560	1	irc	irc	PROPN
ftr-476	560	2	§	§	PROPN
ftr-476	560	3	752(a	752(a	PROPN
ftr-476	560	4	)	)	PUNCT
ftr-476	560	5	,	,	PUNCT
ftr-476	560	6	(	(	PUNCT
ftr-476	560	7	b	b	X
ftr-476	560	8	)	)	PUNCT
ftr-476	560	9	;	;	PUNCT
ftr-476	560	10	regs	reg	NOUN
ftr-476	560	11	.	.	PUNCT
ftr-476	561	1	§	§	PROPN
ftr-476	561	2	1.752	1.752	NUM
ftr-476	561	3	-	-	SYM
ftr-476	561	4	1(b	1(b	NUM
ftr-476	561	5	)	)	PUNCT
ftr-476	561	6	,	,	PUNCT
ftr-476	561	7	(	(	PUNCT
ftr-476	561	8	c	c	NOUN
ftr-476	561	9	)	)	PUNCT
ftr-476	561	10	.	.	PUNCT
ftr-476	562	1	90	90	NUM
ftr-476	562	2	.	.	PUNCT
ftr-476	562	3	regs	regs	PROPN
ftr-476	562	4	.	.	PUNCT
ftr-476	563	1	§	§	PROPN
ftr-476	563	2	1.752	1.752	NUM
ftr-476	563	3	-	-	SYM
ftr-476	563	4	1(g	1(g	NUM
ftr-476	563	5	)	)	PUNCT
ftr-476	563	6	.	.	PUNCT
ftr-476	564	1	[	[	X
ftr-476	564	2	vol	vol	NOUN
ftr-476	564	3	2:5	2:5	NUM
ftr-476	564	4	zero	zero	NUM
ftr-476	564	5	basis	basis	NOUN
ftr-476	564	6	hoar	hoar	NOUN
ftr-476	564	7	a	a	DET
ftr-476	564	8	deemed	deem	VERB
ftr-476	564	9	distribution	distribution	NOUN
ftr-476	564	10	to	to	ADP
ftr-476	564	11	partners	partner	NOUN
ftr-476	564	12	.	.	PUNCT
ftr-476	565	1	however	however	ADV
ftr-476	565	2	,	,	PUNCT
ftr-476	565	3	the	the	DET
ftr-476	565	4	leading	lead	VERB
ftr-476	565	5	commentators	commentator	NOUN
ftr-476	565	6	have	have	AUX
ftr-476	565	7	stated	state	VERB
ftr-476	565	8	that	that	SCONJ
ftr-476	565	9	no	no	DET
ftr-476	565	10	reduction	reduction	NOUN
ftr-476	565	11	should	should	AUX
ftr-476	565	12	occur	occur	VERB
ftr-476	565	13	if	if	SCONJ
ftr-476	565	14	,	,	PUNCT
ftr-476	565	15	under	under	ADP
ftr-476	565	16	section	section	NOUN
ftr-476	565	17	453	453	NUM
ftr-476	565	18	,	,	PUNCT
ftr-476	565	19	the	the	DET
ftr-476	565	20	property	property	NOUN
ftr-476	565	21	would	would	AUX
ftr-476	565	22	not	not	PART
ftr-476	565	23	be	be	AUX
ftr-476	565	24	treated	treat	VERB
ftr-476	565	25	as	as	ADP
ftr-476	565	26	transferred	transfer	VERB
ftr-476	565	27	subject	subject	NOUN
ftr-476	565	28	to	to	ADP
ftr-476	565	29	the	the	DET
ftr-476	565	30	debt	debt	NOUN
ftr-476	565	31	.	.	PUNCT
ftr-476	565	32	'	'	PUNCT
ftr-476	566	1	d.	d.	PROPN
ftr-476	566	2	section	section	NOUN
ftr-476	566	3	1031(d).-a	1031(d).-a	NUM
ftr-476	566	4	final	final	ADJ
ftr-476	566	5	code	code	NOUN
ftr-476	566	6	analogy	analogy	NOUN
ftr-476	566	7	involves	involve	VERB
ftr-476	566	8	section	section	NOUN
ftr-476	566	9	1031	1031	NUM
ftr-476	566	10	,	,	PUNCT
ftr-476	566	11	under	under	ADP
ftr-476	566	12	which	which	PRON
ftr-476	566	13	a	a	DET
ftr-476	566	14	taxpayer	taxpayer	NOUN
ftr-476	566	15	can	can	AUX
ftr-476	566	16	exchange	exchange	VERB
ftr-476	566	17	property	property	NOUN
ftr-476	566	18	for	for	ADP
ftr-476	566	19	property	property	NOUN
ftr-476	566	20	of	of	ADP
ftr-476	566	21	like	like	INTJ
ftr-476	566	22	kind	kind	NOUN
ftr-476	566	23	without	without	ADP
ftr-476	566	24	recognition	recognition	NOUN
ftr-476	566	25	of	of	ADP
ftr-476	566	26	gain	gain	NOUN
ftr-476	566	27	or	or	CCONJ
ftr-476	566	28	loss	loss	NOUN
ftr-476	566	29	and	and	CCONJ
ftr-476	566	30	with	with	ADP
ftr-476	566	31	a	a	DET
ftr-476	566	32	carryover	carryover	NOUN
ftr-476	566	33	of	of	ADP
ftr-476	566	34	the	the	DET
ftr-476	566	35	basis	basis	NOUN
ftr-476	566	36	of	of	ADP
ftr-476	566	37	the	the	DET
ftr-476	566	38	exchanged	exchange	VERB
ftr-476	566	39	property	property	NOUN
ftr-476	566	40	to	to	ADP
ftr-476	566	41	the	the	DET
ftr-476	566	42	acquired	acquire	VERB
ftr-476	566	43	property	property	NOUN
ftr-476	566	44	.	.	PUNCT
ftr-476	567	1	under	under	ADP
ftr-476	567	2	section	section	NOUN
ftr-476	567	3	1031(d	1031(d	NUM
ftr-476	567	4	)	)	PUNCT
ftr-476	567	5	,	,	PUNCT
ftr-476	567	6	"	"	PUNCT
ftr-476	567	7	where	where	SCONJ
ftr-476	567	8	as	as	ADP
ftr-476	567	9	part	part	NOUN
ftr-476	567	10	of	of	ADP
ftr-476	567	11	the	the	DET
ftr-476	567	12	consideration	consideration	NOUN
ftr-476	567	13	"	"	PUNCT
ftr-476	567	14	in	in	ADP
ftr-476	567	15	a	a	DET
ftr-476	567	16	like	like	ADJ
ftr-476	567	17	kind	kind	NOUN
ftr-476	567	18	exchange	exchange	VERB
ftr-476	567	19	the	the	DET
ftr-476	567	20	other	other	ADJ
ftr-476	567	21	party	party	NOUN
ftr-476	567	22	acquires	acquire	VERB
ftr-476	567	23	the	the	DET
ftr-476	567	24	taxpayer	taxpayer	NOUN
ftr-476	567	25	's	's	PART
ftr-476	567	26	property	property	NOUN
ftr-476	567	27	subject	subject	NOUN
ftr-476	567	28	to	to	ADP
ftr-476	567	29	debt	debt	NOUN
ftr-476	567	30	,	,	PUNCT
ftr-476	567	31	the	the	DET
ftr-476	567	32	debt	debt	NOUN
ftr-476	567	33	amount	amount	NOUN
ftr-476	567	34	is	be	AUX
ftr-476	567	35	treated	treat	VERB
ftr-476	567	36	as	as	ADP
ftr-476	567	37	money	money	NOUN
ftr-476	567	38	received	receive	VERB
ftr-476	567	39	(	(	PUNCT
ftr-476	567	40	boot	boot	NOUN
ftr-476	567	41	)	)	PUNCT
ftr-476	567	42	,	,	PUNCT
ftr-476	567	43	and	and	CCONJ
ftr-476	567	44	the	the	DET
ftr-476	567	45	taxpayer	taxpayer	NOUN
ftr-476	567	46	recognizes	recognize	VERB
ftr-476	567	47	gain	gain	VERB
ftr-476	567	48	equal	equal	ADJ
ftr-476	567	49	to	to	ADP
ftr-476	567	50	the	the	DET
ftr-476	567	51	lesser	less	ADJ
ftr-476	567	52	of	of	ADP
ftr-476	567	53	the	the	DET
ftr-476	567	54	boot	boot	NOUN
ftr-476	567	55	or	or	CCONJ
ftr-476	567	56	the	the	DET
ftr-476	567	57	gain	gain	NOUN
ftr-476	567	58	inherent	inherent	ADJ
ftr-476	567	59	in	in	ADP
ftr-476	567	60	the	the	DET
ftr-476	567	61	exchanged	exchange	VERB
ftr-476	567	62	property	property	NOUN
ftr-476	567	63	.	.	PUNCT
ftr-476	568	1	2	2	NUM
ftr-476	568	2	the	the	DET
ftr-476	568	3	service	service	NOUN
ftr-476	568	4	has	have	AUX
ftr-476	568	5	ruled	rule	VERB
ftr-476	568	6	,	,	PUNCT
ftr-476	568	7	however	however	ADV
ftr-476	568	8	,	,	PUNCT
ftr-476	568	9	that	that	SCONJ
ftr-476	568	10	a	a	DET
ftr-476	568	11	taxpayer	taxpayer	NOUN
ftr-476	568	12	can	can	AUX
ftr-476	568	13	avoid	avoid	VERB
ftr-476	568	14	having	have	VERB
ftr-476	568	15	the	the	DET
ftr-476	568	16	debt	debt	NOUN
ftr-476	568	17	amount	amount	NOUN
ftr-476	568	18	treated	treat	VERB
ftr-476	568	19	as	as	ADP
ftr-476	568	20	boot	boot	NOUN
ftr-476	568	21	by	by	ADP
ftr-476	568	22	issuing	issue	VERB
ftr-476	568	23	a	a	DET
ftr-476	568	24	note	note	NOUN
ftr-476	568	25	to	to	ADP
ftr-476	568	26	the	the	DET
ftr-476	568	27	other	other	ADJ
ftr-476	568	28	party	party	NOUN
ftr-476	568	29	to	to	ADP
ftr-476	568	30	the	the	DET
ftr-476	568	31	exchange	exchange	NOUN
ftr-476	568	32	for	for	ADP
ftr-476	568	33	the	the	DET
ftr-476	568	34	amount	amount	NOUN
ftr-476	568	35	of	of	ADP
ftr-476	568	36	the	the	DET
ftr-476	568	37	debt	debt	NOUN
ftr-476	568	38	to	to	PART
ftr-476	568	39	which	which	PRON
ftr-476	568	40	the	the	DET
ftr-476	568	41	transferred	transfer	VERB
ftr-476	568	42	property	property	NOUN
ftr-476	568	43	is	be	AUX
ftr-476	568	44	subject.9	subject.9	VERB
ftr-476	568	45	in	in	ADP
ftr-476	568	46	so	so	ADV
ftr-476	568	47	ruling	ruling	NOUN
ftr-476	568	48	,	,	PUNCT
ftr-476	568	49	the	the	DET
ftr-476	568	50	service	service	NOUN
ftr-476	568	51	necessarily	necessarily	ADV
ftr-476	568	52	determined	determine	VERB
ftr-476	568	53	that	that	SCONJ
ftr-476	568	54	the	the	DET
ftr-476	568	55	note	note	NOUN
ftr-476	568	56	offset	offset	VERB
ftr-476	568	57	the	the	DET
ftr-476	568	58	debt	debt	NOUN
ftr-476	568	59	,	,	PUNCT
ftr-476	568	60	eliminating	eliminate	VERB
ftr-476	568	61	it	it	PRON
ftr-476	568	62	from	from	ADP
ftr-476	568	63	the	the	DET
ftr-476	568	64	"	"	PUNCT
ftr-476	568	65	subject	subject	NOUN
ftr-476	568	66	to	to	ADP
ftr-476	568	67	"	"	PUNCT
ftr-476	568	68	category	category	NOUN
ftr-476	568	69	,	,	PUNCT
ftr-476	568	70	and	and	CCONJ
ftr-476	568	71	that	that	SCONJ
ftr-476	568	72	the	the	DET
ftr-476	568	73	other	other	ADJ
ftr-476	568	74	party	party	NOUN
ftr-476	568	75	did	do	AUX
ftr-476	568	76	not	not	PART
ftr-476	568	77	in	in	ADP
ftr-476	568	78	substance	substance	NOUN
ftr-476	568	79	assume	assume	VERB
ftr-476	568	80	the	the	DET
ftr-476	568	81	burden	burden	NOUN
ftr-476	568	82	of	of	ADP
ftr-476	568	83	the	the	DET
ftr-476	568	84	debt	debt	NOUN
ftr-476	568	85	.	.	PUNCT
ftr-476	569	1	3	3	X
ftr-476	569	2	.	.	X
ftr-476	569	3	transferor	transferor	NOUN
ftr-476	569	4	is	be	AUX
ftr-476	569	5	personally	personally	ADV
ftr-476	569	6	liable	liable	ADJ
ftr-476	569	7	and	and	CCONJ
ftr-476	569	8	remains	remain	VERB
ftr-476	569	9	personally	personally	ADV
ftr-476	569	10	liable	liable	ADJ
ftr-476	569	11	;	;	PUNCT
ftr-476	569	12	the	the	DET
ftr-476	569	13	corporation	corporation	NOUN
ftr-476	569	14	assumes	assume	VERB
ftr-476	569	15	the	the	DET
ftr-476	569	16	debt.-these	debt.-these	PROPN
ftr-476	569	17	appear	appear	VERB
ftr-476	569	18	to	to	PART
ftr-476	569	19	have	have	AUX
ftr-476	569	20	been	be	AUX
ftr-476	569	21	the	the	DET
ftr-476	569	22	facts	fact	NOUN
ftr-476	569	23	in	in	ADP
ftr-476	569	24	alderman	alderman	NOUN
ftr-476	569	25	,	,	PUNCT
ftr-476	569	26	lessinger	lessinger	NOUN
ftr-476	569	27	,	,	PUNCT
ftr-476	569	28	and	and	CCONJ
ftr-476	569	29	rosen.9	rosen.9	PROPN
ftr-476	569	30	also	also	ADV
ftr-476	569	31	,	,	PUNCT
ftr-476	569	32	because	because	SCONJ
ftr-476	569	33	of	of	ADP
ftr-476	569	34	a	a	DET
ftr-476	569	35	presumption	presumption	NOUN
ftr-476	569	36	under	under	ADP
ftr-476	569	37	the	the	DET
ftr-476	569	38	laws	law	NOUN
ftr-476	569	39	of	of	ADP
ftr-476	569	40	some	some	DET
ftr-476	569	41	states	state	NOUN
ftr-476	569	42	that	that	SCONJ
ftr-476	569	43	such	such	ADJ
ftr-476	569	44	assumption	assumption	NOUN
ftr-476	569	45	automatically	automatically	ADV
ftr-476	569	46	occurs	occur	VERB
ftr-476	569	47	on	on	ADP
ftr-476	569	48	the	the	DET
ftr-476	569	49	incorporation	incorporation	NOUN
ftr-476	569	50	of	of	ADP
ftr-476	569	51	a	a	DET
ftr-476	569	52	proprietorship	proprietorship	NOUN
ftr-476	569	53	or	or	CCONJ
ftr-476	569	54	partnership	partnership	NOUN
ftr-476	569	55	,	,	PUNCT
ftr-476	569	56	several	several	ADJ
ftr-476	569	57	other	other	ADJ
ftr-476	569	58	reported	report	VERB
ftr-476	569	59	cases	case	NOUN
ftr-476	569	60	involve	involve	VERB
ftr-476	569	61	the	the	DET
ftr-476	569	62	same	same	ADJ
ftr-476	569	63	facts.95	facts.95	NOUN
ftr-476	569	64	normally	normally	ADV
ftr-476	569	65	,	,	PUNCT
ftr-476	569	66	the	the	DET
ftr-476	569	67	most	most	ADV
ftr-476	569	68	reasonable	reasonable	ADJ
ftr-476	569	69	conclusion	conclusion	NOUN
ftr-476	569	70	is	be	AUX
ftr-476	569	71	that	that	SCONJ
ftr-476	569	72	the	the	DET
ftr-476	569	73	parties	party	NOUN
ftr-476	569	74	intended	intend	VERB
ftr-476	569	75	the	the	DET
ftr-476	569	76	most	most	ADV
ftr-476	569	77	recent	recent	ADJ
ftr-476	569	78	undertaking	undertaking	NOUN
ftr-476	569	79	(	(	PUNCT
ftr-476	569	80	by	by	ADP
ftr-476	569	81	the	the	DET
ftr-476	569	82	corporation	corporation	NOUN
ftr-476	569	83	)	)	PUNCT
ftr-476	569	84	to	to	PART
ftr-476	569	85	be	be	AUX
ftr-476	569	86	controlling	control	VERB
ftr-476	569	87	as	as	ADP
ftr-476	569	88	between	between	ADP
ftr-476	569	89	them	they	PRON
ftr-476	569	90	,	,	PUNCT
ftr-476	569	91	particularly	particularly	ADV
ftr-476	569	92	if	if	SCONJ
ftr-476	569	93	the	the	DET
ftr-476	569	94	creditors	creditor	NOUN
ftr-476	569	95	were	be	AUX
ftr-476	569	96	informed	inform	VERB
ftr-476	569	97	of	of	ADP
ftr-476	569	98	the	the	DET
ftr-476	569	99	assumption	assumption	NOUN
ftr-476	569	100	.	.	PUNCT
ftr-476	570	1	91	91	NUM
ftr-476	570	2	.	.	PUNCT
ftr-476	571	1	william	william	PROPN
ftr-476	571	2	s.	s.	PROPN
ftr-476	571	3	mckee	mckee	PROPN
ftr-476	571	4	,	,	PUNCT
ftr-476	571	5	et	et	PROPN
ftr-476	571	6	al	al	PROPN
ftr-476	571	7	.	.	PROPN
ftr-476	571	8	,	,	PUNCT
ftr-476	571	9	federal	federal	ADJ
ftr-476	571	10	taxation	taxation	NOUN
ftr-476	571	11	of	of	ADP
ftr-476	571	12	partnerships	partnership	NOUN
ftr-476	571	13	and	and	CCONJ
ftr-476	571	14	partners	partner	NOUN
ftr-476	571	15	7.01[2	7.01[2	NUM
ftr-476	571	16	]	]	X
ftr-476	571	17	(	(	PUNCT
ftr-476	571	18	2d	2d	NUM
ftr-476	571	19	ed	ed	NOUN
ftr-476	571	20	.	.	PROPN
ftr-476	571	21	1990	1990	NUM
ftr-476	571	22	)	)	PUNCT
ftr-476	571	23	.	.	PUNCT
ftr-476	572	1	92	92	NUM
ftr-476	572	2	.	.	PUNCT
ftr-476	573	1	if	if	SCONJ
ftr-476	573	2	the	the	DET
ftr-476	573	3	property	property	NOUN
ftr-476	573	4	received	receive	VERB
ftr-476	573	5	in	in	ADP
ftr-476	573	6	the	the	DET
ftr-476	573	7	exchange	exchange	NOUN
ftr-476	573	8	is	be	AUX
ftr-476	573	9	also	also	ADV
ftr-476	573	10	subject	subject	ADJ
ftr-476	573	11	to	to	ADP
ftr-476	573	12	a	a	DET
ftr-476	573	13	mortgage	mortgage	NOUN
ftr-476	573	14	,	,	PUNCT
ftr-476	573	15	the	the	DET
ftr-476	573	16	mortgages	mortgage	NOUN
ftr-476	573	17	are	be	AUX
ftr-476	573	18	usually	usually	ADV
ftr-476	573	19	netted	net	VERB
ftr-476	573	20	,	,	PUNCT
ftr-476	573	21	and	and	CCONJ
ftr-476	573	22	the	the	DET
ftr-476	573	23	taxpayer	taxpayer	NOUN
ftr-476	573	24	is	be	AUX
ftr-476	573	25	treated	treat	VERB
ftr-476	573	26	as	as	ADP
ftr-476	573	27	receiving	receive	VERB
ftr-476	573	28	or	or	CCONJ
ftr-476	573	29	giving	give	VERB
ftr-476	573	30	boot	boot	NOUN
ftr-476	573	31	equal	equal	ADJ
ftr-476	573	32	to	to	ADP
ftr-476	573	33	the	the	DET
ftr-476	573	34	net	net	ADJ
ftr-476	573	35	decrease	decrease	NOUN
ftr-476	573	36	or	or	CCONJ
ftr-476	573	37	net	net	ADJ
ftr-476	573	38	increase	increase	NOUN
ftr-476	573	39	in	in	ADP
ftr-476	573	40	mortgage	mortgage	NOUN
ftr-476	573	41	liability	liability	NOUN
ftr-476	573	42	resulting	result	VERB
ftr-476	573	43	from	from	ADP
ftr-476	573	44	the	the	DET
ftr-476	573	45	exchange	exchange	NOUN
ftr-476	573	46	.	.	PUNCT
ftr-476	574	1	regs	regs	PROPN
ftr-476	574	2	.	.	PUNCT
ftr-476	575	1	§	§	PROPN
ftr-476	575	2	1.1031(d)-l(c	1.1031(d)-l(c	PROPN
ftr-476	575	3	)	)	PUNCT
ftr-476	575	4	.	.	PUNCT
ftr-476	576	1	93	93	NUM
ftr-476	576	2	.	.	PUNCT
ftr-476	577	1	rev	rev	PROPN
ftr-476	577	2	.	.	PUNCT
ftr-476	578	1	rul	rul	PROPN
ftr-476	578	2	.	.	PUNCT
ftr-476	579	1	79	79	NUM
ftr-476	579	2	-	-	SYM
ftr-476	579	3	44	44	NUM
ftr-476	579	4	,	,	PUNCT
ftr-476	579	5	1979	1979	NUM
ftr-476	579	6	-	-	SYM
ftr-476	579	7	1	1	NUM
ftr-476	579	8	c.b	c.b	PROPN
ftr-476	579	9	.	.	PROPN
ftr-476	579	10	265	265	NUM
ftr-476	579	11	.	.	PUNCT
ftr-476	580	1	94	94	NUM
ftr-476	580	2	.	.	PUNCT
ftr-476	581	1	alderman	alderman	PROPN
ftr-476	581	2	v.	v.	PROPN
ftr-476	581	3	commissioner	commissioner	PROPN
ftr-476	581	4	,	,	PUNCT
ftr-476	581	5	55	55	NUM
ftr-476	581	6	t.c	t.c	NOUN
ftr-476	581	7	.	.	PROPN
ftr-476	581	8	662	662	NUM
ftr-476	581	9	(	(	PUNCT
ftr-476	581	10	1971	1971	NUM
ftr-476	581	11	)	)	PUNCT
ftr-476	581	12	;	;	PUNCT
ftr-476	581	13	lessinger	lessinger	PROPN
ftr-476	581	14	v.	v.	PROPN
ftr-476	581	15	commissioner	commissioner	PROPN
ftr-476	581	16	,	,	PUNCT
ftr-476	581	17	85	85	NUM
ftr-476	581	18	t.c	t.c	PROPN
ftr-476	581	19	.	.	PROPN
ftr-476	581	20	824	824	NUM
ftr-476	581	21	,	,	PUNCT
ftr-476	581	22	837	837	NUM
ftr-476	581	23	n.8	n.8	NOUN
ftr-476	581	24	(	(	PUNCT
ftr-476	581	25	1985	1985	NUM
ftr-476	581	26	)	)	PUNCT
ftr-476	581	27	,	,	PUNCT
ftr-476	581	28	rev'd	rev'd	VERB
ftr-476	581	29	,	,	PUNCT
ftr-476	581	30	872	872	NUM
ftr-476	581	31	f.2d	f.2d	ADP
ftr-476	581	32	519	519	NUM
ftr-476	581	33	(	(	PUNCT
ftr-476	581	34	2d	2d	NUM
ftr-476	581	35	cir	cir	NOUN
ftr-476	581	36	.	.	PROPN
ftr-476	581	37	1989	1989	NUM
ftr-476	581	38	)	)	PUNCT
ftr-476	581	39	;	;	PUNCT
ftr-476	581	40	rosen	rosen	PROPN
ftr-476	581	41	v.	v.	PROPN
ftr-476	581	42	commissioner	commissioner	PROPN
ftr-476	581	43	.	.	PUNCT
ftr-476	582	1	62	62	NUM
ftr-476	582	2	t.c	t.c	PROPN
ftr-476	582	3	.	.	PROPN
ftr-476	582	4	11	11	NUM
ftr-476	582	5	(	(	PUNCT
ftr-476	582	6	1974	1974	NUM
ftr-476	582	7	)	)	PUNCT
ftr-476	582	8	,	,	PUNCT
ftr-476	582	9	affd	affd	PROPN
ftr-476	582	10	,	,	PUNCT
ftr-476	582	11	515	515	NUM
ftr-476	582	12	f.2d	f.2d	ADP
ftr-476	582	13	507	507	NUM
ftr-476	582	14	(	(	PUNCT
ftr-476	582	15	3d	3d	NUM
ftr-476	582	16	cir	cir	NOUN
ftr-476	582	17	.	.	PUNCT
ftr-476	582	18	1975	1975	NUM
ftr-476	582	19	)	)	PUNCT
ftr-476	582	20	.	.	PUNCT
ftr-476	583	1	95	95	NUM
ftr-476	583	2	.	.	PUNCT
ftr-476	584	1	christopher	christopher	PROPN
ftr-476	584	2	v.	v.	PROPN
ftr-476	584	3	commissioner	commissioner	PROPN
ftr-476	584	4	,	,	PUNCT
ftr-476	585	1	48	48	NUM
ftr-476	585	2	t.c	t.c	PROPN
ftr-476	585	3	.	.	PROPN
ftr-476	585	4	memo	memo	NOUN
ftr-476	585	5	(	(	PUNCT
ftr-476	585	6	cch	cch	PROPN
ftr-476	585	7	)	)	PUNCT
ftr-476	585	8	663	663	NUM
ftr-476	585	9	,	,	PUNCT
ftr-476	585	10	t.c	t.c	PROPN
ftr-476	585	11	.	.	PROPN
ftr-476	585	12	memo	memo	NOUN
ftr-476	585	13	(	(	PUNCT
ftr-476	585	14	p	p	NOUN
ftr-476	585	15	-	-	PUNCT
ftr-476	585	16	h	h	NOUN
ftr-476	585	17	)	)	PUNCT
ftr-476	585	18	84,394	84,394	NUM
ftr-476	585	19	(	(	PUNCT
ftr-476	585	20	1984	1984	NUM
ftr-476	585	21	)	)	PUNCT
ftr-476	585	22	(	(	PUNCT
ftr-476	585	23	oklahoma	oklahoma	PROPN
ftr-476	585	24	law	law	PROPN
ftr-476	585	25	presumes	presume	VERB
ftr-476	585	26	that	that	SCONJ
ftr-476	585	27	the	the	DET
ftr-476	585	28	successor	successor	NOUN
ftr-476	585	29	of	of	ADP
ftr-476	585	30	an	an	DET
ftr-476	585	31	unincorporated	unincorporated	ADJ
ftr-476	585	32	entity	entity	NOUN
ftr-476	585	33	assumes	assume	VERB
ftr-476	585	34	the	the	DET
ftr-476	585	35	entity	entity	NOUN
ftr-476	585	36	's	's	PART
ftr-476	585	37	debt	debt	NOUN
ftr-476	585	38	)	)	PUNCT
ftr-476	585	39	;	;	PUNCT
ftr-476	585	40	beaver	beaver	PROPN
ftr-476	585	41	v.	v.	PROPN
ftr-476	585	42	commissioner	commissioner	PROPN
ftr-476	585	43	,	,	PUNCT
ftr-476	585	44	41	41	NUM
ftr-476	585	45	t.c	t.c	PROPN
ftr-476	585	46	.	.	PROPN
ftr-476	585	47	memo	memo	NOUN
ftr-476	585	48	(	(	PUNCT
ftr-476	585	49	cch	cch	PROPN
ftr-476	585	50	)	)	PUNCT
ftr-476	585	51	52.54	52.54	NUM
ftr-476	585	52	.	.	PUNCT
ftr-476	586	1	t.c	t.c	PROPN
ftr-476	586	2	.	.	PROPN
ftr-476	586	3	memo	memo	NOUN
ftr-476	586	4	(	(	PUNCT
ftr-476	586	5	p	p	NOUN
ftr-476	586	6	-	-	PUNCT
ftr-476	586	7	h	h	NOUN
ftr-476	586	8	)	)	PUNCT
ftr-476	586	9	80,429	80,429	NUM
ftr-476	586	10	(	(	PUNCT
ftr-476	586	11	1980	1980	NUM
ftr-476	586	12	)	)	PUNCT
ftr-476	586	13	(	(	PUNCT
ftr-476	586	14	ohio	ohio	PROPN
ftr-476	586	15	law	law	NOUN
ftr-476	586	16	presumes	presume	VERB
ftr-476	586	17	that	that	SCONJ
ftr-476	586	18	liabilities	liability	NOUN
ftr-476	586	19	follow	follow	VERB
ftr-476	586	20	incorporated	incorporated	ADJ
ftr-476	586	21	assets	asset	NOUN
ftr-476	586	22	)	)	PUNCT
ftr-476	586	23	.	.	PUNCT
ftr-476	587	1	19941	19941	NUM
ftr-476	587	2	florida	florida	PROPN
ftr-476	587	3	tax	tax	PROPN
ftr-476	587	4	review	review	NOUN
ftr-476	587	5	sol	sol	NOUN
ftr-476	587	6	lessinger	lessinger	PROPN
ftr-476	587	7	attempted	attempt	VERB
ftr-476	587	8	to	to	PART
ftr-476	587	9	reverse	reverse	VERB
ftr-476	587	10	the	the	DET
ftr-476	587	11	corporate	corporate	ADJ
ftr-476	587	12	assumption	assumption	NOUN
ftr-476	587	13	by	by	ADP
ftr-476	587	14	creating	create	VERB
ftr-476	587	15	a	a	DET
ftr-476	587	16	book	book	NOUN
ftr-476	587	17	receivable	receivable	NOUN
ftr-476	587	18	.	.	PUNCT
ftr-476	588	1	the	the	DET
ftr-476	588	2	tax	tax	NOUN
ftr-476	588	3	court	court	NOUN
ftr-476	588	4	found	find	VERB
ftr-476	588	5	for	for	ADP
ftr-476	588	6	the	the	DET
ftr-476	588	7	government	government	NOUN
ftr-476	588	8	on	on	ADP
ftr-476	588	9	two	two	NUM
ftr-476	588	10	grounds	ground	NOUN
ftr-476	588	11	:	:	PUNCT
ftr-476	588	12	that	that	SCONJ
ftr-476	588	13	sol	sol	NOUN
ftr-476	588	14	's	's	PART
ftr-476	588	15	obligation	obligation	NOUN
ftr-476	588	16	had	have	VERB
ftr-476	588	17	a	a	DET
ftr-476	588	18	zero	zero	NUM
ftr-476	588	19	basis	basis	NOUN
ftr-476	588	20	-	-	PUNCT
ftr-476	588	21	the	the	DET
ftr-476	588	22	ground	ground	NOUN
ftr-476	588	23	that	that	PRON
ftr-476	588	24	has	have	AUX
ftr-476	588	25	received	receive	VERB
ftr-476	588	26	the	the	DET
ftr-476	588	27	most	most	ADJ
ftr-476	588	28	notoriety	notoriety	NOUN
ftr-476	588	29	-	-	PUNCT
ftr-476	588	30	but	but	CCONJ
ftr-476	588	31	also	also	ADV
ftr-476	588	32	that	that	SCONJ
ftr-476	588	33	the	the	DET
ftr-476	588	34	receivable	receivable	NOUN
ftr-476	588	35	from	from	ADP
ftr-476	588	36	sol	sol	NOUN
ftr-476	588	37	was	be	AUX
ftr-476	588	38	too	too	ADV
ftr-476	588	39	artificial	artificial	ADJ
ftr-476	588	40	to	to	PART
ftr-476	588	41	warrant	warrant	VERB
ftr-476	588	42	recognition	recognition	NOUN
ftr-476	588	43	for	for	ADP
ftr-476	588	44	tax	tax	NOUN
ftr-476	588	45	purposes	purpose	NOUN
ftr-476	588	46	.	.	PUNCT
ftr-476	589	1	the	the	DET
ftr-476	589	2	court	court	NOUN
ftr-476	589	3	found	find	VERB
ftr-476	589	4	that	that	SCONJ
ftr-476	589	5	under	under	ADP
ftr-476	589	6	state	state	NOUN
ftr-476	589	7	law	law	NOUN
ftr-476	589	8	,	,	PUNCT
ftr-476	589	9	the	the	DET
ftr-476	589	10	corporation	corporation	NOUN
ftr-476	589	11	's	's	PART
ftr-476	589	12	assumption	assumption	NOUN
ftr-476	589	13	of	of	ADP
ftr-476	589	14	sol	sol	NOUN
ftr-476	589	15	's	's	PART
ftr-476	589	16	debts	debt	NOUN
ftr-476	589	17	occurred	occur	VERB
ftr-476	589	18	five	five	NUM
ftr-476	589	19	months	month	NOUN
ftr-476	589	20	before	before	ADP
ftr-476	589	21	the	the	DET
ftr-476	589	22	entry	entry	NOUN
ftr-476	589	23	of	of	ADP
ftr-476	589	24	a	a	DET
ftr-476	589	25	simple	simple	ADJ
ftr-476	589	26	"	"	PUNCT
ftr-476	589	27	loan	loan	NOUN
ftr-476	589	28	-	-	PUNCT
ftr-476	589	29	receivable	receivable	NOUN
ftr-476	589	30	-	-	PUNCT
ftr-476	589	31	sl	sl	NOUN
ftr-476	589	32	"	"	PUNCT
ftr-476	589	33	on	on	ADP
ftr-476	589	34	the	the	DET
ftr-476	589	35	corporate	corporate	ADJ
ftr-476	589	36	books	book	NOUN
ftr-476	589	37	.	.	PUNCT
ftr-476	590	1	sol	sol	PROPN
ftr-476	590	2	did	do	AUX
ftr-476	590	3	not	not	PART
ftr-476	590	4	execute	execute	VERB
ftr-476	590	5	a	a	DET
ftr-476	590	6	note	note	NOUN
ftr-476	590	7	or	or	CCONJ
ftr-476	590	8	pay	pay	VERB
ftr-476	590	9	any	any	DET
ftr-476	590	10	interest	interest	NOUN
ftr-476	590	11	.	.	PUNCT
ftr-476	591	1	according	accord	VERB
ftr-476	591	2	to	to	ADP
ftr-476	591	3	the	the	DET
ftr-476	591	4	court	court	NOUN
ftr-476	591	5	,	,	PUNCT
ftr-476	591	6	the	the	DET
ftr-476	591	7	entry	entry	NOUN
ftr-476	591	8	did	do	AUX
ftr-476	591	9	not	not	PART
ftr-476	591	10	create	create	VERB
ftr-476	591	11	a	a	DET
ftr-476	591	12	"	"	PUNCT
ftr-476	591	13	bona	bona	ADJ
ftr-476	591	14	fide	fide	ADJ
ftr-476	591	15	asset	asset	NOUN
ftr-476	591	16	of	of	ADP
ftr-476	591	17	the	the	DET
ftr-476	591	18	corporation	corporation	NOUN
ftr-476	591	19	.	.	PUNCT
ftr-476	592	1	96	96	NUM
ftr-476	593	1	on	on	ADP
ftr-476	593	2	facts	fact	NOUN
ftr-476	593	3	as	as	ADV
ftr-476	593	4	dubious	dubious	ADJ
ftr-476	593	5	as	as	ADP
ftr-476	593	6	those	those	PRON
ftr-476	593	7	in	in	ADP
ftr-476	593	8	lessinger	lessinger	ADJ
ftr-476	593	9	,	,	PUNCT
ftr-476	593	10	courts	court	NOUN
ftr-476	593	11	have	have	AUX
ftr-476	593	12	found	find	VERB
ftr-476	593	13	that	that	PRON
ftr-476	593	14	purported	purport	VERB
ftr-476	593	15	borrowings	borrowing	NOUN
ftr-476	593	16	by	by	ADP
ftr-476	593	17	shareholders	shareholder	NOUN
ftr-476	593	18	from	from	ADP
ftr-476	593	19	their	their	PRON
ftr-476	593	20	corporations	corporation	NOUN
ftr-476	593	21	were	be	AUX
ftr-476	593	22	dividends.97	dividends.97	NOUN
ftr-476	593	23	similarly	similarly	ADV
ftr-476	593	24	,	,	PUNCT
ftr-476	593	25	lessinger	lessinger	ADJ
ftr-476	593	26	at	at	ADP
ftr-476	593	27	the	the	DET
ftr-476	593	28	tax	tax	NOUN
ftr-476	593	29	court	court	NOUN
ftr-476	593	30	level	level	NOUN
ftr-476	593	31	should	should	AUX
ftr-476	593	32	be	be	AUX
ftr-476	593	33	viewed	view	VERB
ftr-476	593	34	as	as	ADP
ftr-476	593	35	a	a	DET
ftr-476	593	36	failure	failure	NOUN
ftr-476	593	37	of	of	ADP
ftr-476	593	38	proof	proof	NOUN
ftr-476	593	39	that	that	SCONJ
ftr-476	593	40	sol	sol	NOUN
ftr-476	593	41	retained	retain	VERB
ftr-476	593	42	the	the	DET
ftr-476	593	43	liability	liability	NOUN
ftr-476	593	44	.	.	PUNCT
ftr-476	594	1	the	the	DET
ftr-476	594	2	facts	fact	NOUN
ftr-476	594	3	were	be	AUX
ftr-476	594	4	somewhat	somewhat	ADV
ftr-476	594	5	better	well	ADJ
ftr-476	594	6	for	for	ADP
ftr-476	594	7	the	the	DET
ftr-476	594	8	taxpayer	taxpayer	NOUN
ftr-476	594	9	in	in	ADP
ftr-476	594	10	alderman	alderman	NOUN
ftr-476	594	11	because	because	SCONJ
ftr-476	594	12	the	the	DET
ftr-476	594	13	transferor	transferor	NOUN
ftr-476	594	14	gave	give	VERB
ftr-476	594	15	a	a	DET
ftr-476	594	16	written	write	VERB
ftr-476	594	17	note	note	NOUN
ftr-476	594	18	.	.	PUNCT
ftr-476	595	1	98	98	NUM
ftr-476	595	2	however	however	ADV
ftr-476	595	3	,	,	PUNCT
ftr-476	595	4	although	although	SCONJ
ftr-476	595	5	the	the	DET
ftr-476	595	6	corporation	corporation	NOUN
ftr-476	595	7	paid	pay	VERB
ftr-476	595	8	the	the	DET
ftr-476	595	9	creditors	creditor	NOUN
ftr-476	595	10	,	,	PUNCT
ftr-476	595	11	the	the	DET
ftr-476	595	12	transferor	transferor	NOUN
ftr-476	595	13	failed	fail	VERB
ftr-476	595	14	to	to	PART
ftr-476	595	15	service	service	VERB
ftr-476	595	16	the	the	DET
ftr-476	595	17	note	note	NOUN
ftr-476	595	18	for	for	ADP
ftr-476	595	19	at	at	ADV
ftr-476	595	20	least	least	ADV
ftr-476	595	21	eight	eight	NUM
ftr-476	595	22	years	year	NOUN
ftr-476	595	23	after	after	ADP
ftr-476	595	24	the	the	DET
ftr-476	595	25	exchange	exchange	NOUN
ftr-476	595	26	,	,	PUNCT
ftr-476	595	27	providing	provide	VERB
ftr-476	595	28	ample	ample	ADJ
ftr-476	595	29	basis	basis	NOUN
ftr-476	595	30	for	for	ADP
ftr-476	595	31	the	the	DET
ftr-476	595	32	tax	tax	NOUN
ftr-476	595	33	court	court	NOUN
ftr-476	595	34	's	's	PART
ftr-476	595	35	refusal	refusal	NOUN
ftr-476	595	36	to	to	PART
ftr-476	595	37	give	give	VERB
ftr-476	595	38	effect	effect	NOUN
ftr-476	595	39	to	to	ADP
ftr-476	595	40	the	the	DET
ftr-476	595	41	note.99	note.99	NOUN
ftr-476	595	42	perhaps	perhaps	ADV
ftr-476	595	43	,	,	PUNCT
ftr-476	595	44	a	a	DET
ftr-476	595	45	court	court	NOUN
ftr-476	595	46	would	would	AUX
ftr-476	595	47	find	find	VERB
ftr-476	595	48	for	for	ADP
ftr-476	595	49	the	the	DET
ftr-476	595	50	taxpayer	taxpayer	NOUN
ftr-476	595	51	on	on	ADP
ftr-476	595	52	facts	fact	NOUN
ftr-476	595	53	involving	involve	VERB
ftr-476	595	54	a	a	DET
ftr-476	595	55	tightly	tightly	ADV
ftr-476	595	56	documented	document	VERB
ftr-476	595	57	arrangement	arrangement	NOUN
ftr-476	595	58	whereby	whereby	SCONJ
ftr-476	595	59	the	the	DET
ftr-476	595	60	corporation	corporation	NOUN
ftr-476	595	61	formally	formally	ADV
ftr-476	595	62	assumes	assume	VERB
ftr-476	595	63	the	the	DET
ftr-476	595	64	debt	debt	NOUN
ftr-476	595	65	for	for	ADP
ftr-476	595	66	some	some	DET
ftr-476	595	67	valid	valid	ADJ
ftr-476	595	68	business	business	NOUN
ftr-476	595	69	reason	reason	NOUN
ftr-476	595	70	but	but	CCONJ
ftr-476	595	71	the	the	DET
ftr-476	595	72	transferor	transferor	NOUN
ftr-476	595	73	contracts	contract	NOUN
ftr-476	595	74	with	with	ADP
ftr-476	595	75	the	the	DET
ftr-476	595	76	corporation	corporation	NOUN
ftr-476	595	77	to	to	PART
ftr-476	595	78	actually	actually	ADV
ftr-476	595	79	pay	pay	VERB
ftr-476	595	80	the	the	DET
ftr-476	595	81	debt	debt	NOUN
ftr-476	595	82	as	as	SCONJ
ftr-476	595	83	it	it	PRON
ftr-476	595	84	becomes	become	VERB
ftr-476	595	85	due	due	ADJ
ftr-476	595	86	and	and	CCONJ
ftr-476	595	87	does	do	VERB
ftr-476	595	88	so	so	ADV
ftr-476	595	89	,	,	PUNCT
ftr-476	595	90	as	as	SCONJ
ftr-476	595	91	discussed	discuss	VERB
ftr-476	595	92	in	in	ADP
ftr-476	595	93	part	part	NOUN
ftr-476	595	94	iv.c.5	iv.c.5	ADV
ftr-476	595	95	below	below	ADV
ftr-476	595	96	.	.	PUNCT
ftr-476	596	1	the	the	DET
ftr-476	596	2	cumbersomeness	cumbersomeness	NOUN
ftr-476	596	3	of	of	ADP
ftr-476	596	4	such	such	DET
ftr-476	596	5	a	a	DET
ftr-476	596	6	scheme	scheme	NOUN
ftr-476	596	7	belies	belie	VERB
ftr-476	596	8	its	its	PRON
ftr-476	596	9	wisdom	wisdom	NOUN
ftr-476	596	10	as	as	ADV
ftr-476	596	11	well	well	ADV
ftr-476	596	12	as	as	ADP
ftr-476	596	13	its	its	PRON
ftr-476	596	14	bona	bona	ADJ
ftr-476	596	15	fides	fide	NOUN
ftr-476	596	16	.	.	PUNCT
ftr-476	597	1	the	the	DET
ftr-476	597	2	corporation	corporation	NOUN
ftr-476	597	3	should	should	AUX
ftr-476	597	4	not	not	PART
ftr-476	597	5	assume	assume	VERB
ftr-476	597	6	the	the	DET
ftr-476	597	7	debt	debt	NOUN
ftr-476	597	8	if	if	SCONJ
ftr-476	597	9	the	the	DET
ftr-476	597	10	parties	party	NOUN
ftr-476	597	11	intend	intend	VERB
ftr-476	597	12	that	that	SCONJ
ftr-476	597	13	transferor	transferor	NOUN
ftr-476	597	14	will	will	AUX
ftr-476	597	15	pay	pay	VERB
ftr-476	597	16	it	it	PRON
ftr-476	597	17	.	.	PUNCT
ftr-476	598	1	4	4	X
ftr-476	598	2	.	.	X
ftr-476	598	3	transferor	transferor	NOUN
ftr-476	598	4	is	be	AUX
ftr-476	598	5	not	not	PART
ftr-476	598	6	personally	personally	ADV
ftr-476	598	7	liable	liable	ADJ
ftr-476	598	8	but	but	CCONJ
ftr-476	598	9	the	the	DET
ftr-476	598	10	transferred	transfer	VERB
ftr-476	598	11	property	property	NOUN
ftr-476	598	12	is	be	AUX
ftr-476	598	13	subject	subject	ADJ
ftr-476	598	14	to	to	ADP
ftr-476	598	15	a	a	DET
ftr-476	598	16	debt.-section	debt.-section	NOUN
ftr-476	598	17	357(c	357(c	NOUN
ftr-476	598	18	)	)	PUNCT
ftr-476	598	19	appears	appear	VERB
ftr-476	598	20	to	to	PART
ftr-476	598	21	apply	apply	VERB
ftr-476	598	22	to	to	ADP
ftr-476	598	23	this	this	DET
ftr-476	598	24	case	case	NOUN
ftr-476	598	25	also	also	ADV
ftr-476	598	26	because	because	SCONJ
ftr-476	598	27	the	the	DET
ftr-476	598	28	normal	normal	ADJ
ftr-476	598	29	presumption	presumption	NOUN
ftr-476	598	30	is	be	AUX
ftr-476	598	31	that	that	SCONJ
ftr-476	598	32	the	the	DET
ftr-476	598	33	corporation	corporation	NOUN
ftr-476	598	34	will	will	AUX
ftr-476	598	35	pay	pay	VERB
ftr-476	598	36	the	the	DET
ftr-476	598	37	debt	debt	NOUN
ftr-476	598	38	to	to	PART
ftr-476	598	39	which	which	PRON
ftr-476	598	40	the	the	DET
ftr-476	598	41	property	property	NOUN
ftr-476	598	42	is	be	AUX
ftr-476	598	43	subject	subject	ADJ
ftr-476	598	44	.	.	PUNCT
ftr-476	599	1	'0	'0	X
ftr-476	599	2	°	°	PROPN
ftr-476	599	3	however	however	ADV
ftr-476	599	4	,	,	PUNCT
ftr-476	599	5	the	the	DET
ftr-476	599	6	transferor	transferor	NOUN
ftr-476	599	7	could	could	AUX
ftr-476	599	8	probably	probably	ADV
ftr-476	599	9	avoid	avoid	VERB
ftr-476	599	10	section	section	NOUN
ftr-476	599	11	96	96	NUM
ftr-476	599	12	.	.	PUNCT
ftr-476	600	1	lessinger	lessinger	ADJ
ftr-476	600	2	,	,	PUNCT
ftr-476	600	3	85	85	NUM
ftr-476	600	4	t.c	t.c	PROPN
ftr-476	600	5	.	.	PUNCT
ftr-476	601	1	at	at	ADP
ftr-476	601	2	837	837	NUM
ftr-476	601	3	n.8	n.8	NOUN
ftr-476	601	4	.	.	PUNCT
ftr-476	602	1	97	97	NUM
ftr-476	602	2	.	.	PUNCT
ftr-476	603	1	see	see	VERB
ftr-476	603	2	generally	generally	ADV
ftr-476	603	3	bittker	bittker	NOUN
ftr-476	603	4	&	&	CCONJ
ftr-476	603	5	eustice	eustice	PROPN
ftr-476	603	6	,	,	PUNCT
ftr-476	603	7	supra	supra	PROPN
ftr-476	603	8	note	note	NOUN
ftr-476	603	9	16	16	NUM
ftr-476	603	10	,	,	PUNCT
ftr-476	603	11	at	at	ADP
ftr-476	603	12	8.05[6	8.05[6	NUM
ftr-476	603	13	]	]	SYM
ftr-476	603	14	.	.	PUNCT
ftr-476	604	1	98	98	NUM
ftr-476	604	2	.	.	PUNCT
ftr-476	605	1	alderman	alderman	NOUN
ftr-476	605	2	,	,	PUNCT
ftr-476	605	3	55	55	NUM
ftr-476	605	4	t.c	t.c	NOUN
ftr-476	605	5	.	.	PUNCT
ftr-476	606	1	at	at	ADP
ftr-476	606	2	662	662	NUM
ftr-476	606	3	-	-	SYM
ftr-476	606	4	63	63	NUM
ftr-476	606	5	.	.	PUNCT
ftr-476	606	6	99	99	NUM
ftr-476	606	7	.	.	PUNCT
ftr-476	607	1	alderman	alderman	PROPN
ftr-476	607	2	is	be	AUX
ftr-476	607	3	the	the	DET
ftr-476	607	4	fountainhead	fountainhead	NOUN
ftr-476	607	5	of	of	ADP
ftr-476	607	6	the	the	DET
ftr-476	607	7	tax	tax	NOUN
ftr-476	607	8	court	court	NOUN
ftr-476	607	9	's	's	PART
ftr-476	607	10	view	view	NOUN
ftr-476	607	11	that	that	SCONJ
ftr-476	607	12	a	a	DET
ftr-476	607	13	transferor	transferor	NOUN
ftr-476	607	14	's	's	PART
ftr-476	607	15	obligation	obligation	NOUN
ftr-476	607	16	should	should	AUX
ftr-476	607	17	be	be	AUX
ftr-476	607	18	treated	treat	VERB
ftr-476	607	19	like	like	ADP
ftr-476	607	20	zero	zero	NUM
ftr-476	607	21	basis	basis	NOUN
ftr-476	607	22	property	property	NOUN
ftr-476	607	23	under	under	ADP
ftr-476	607	24	§	§	PROPN
ftr-476	607	25	357(c	357(c	PROPN
ftr-476	607	26	)	)	PUNCT
ftr-476	607	27	.	.	PUNCT
ftr-476	608	1	its	its	PRON
ftr-476	608	2	authority	authority	NOUN
ftr-476	608	3	is	be	AUX
ftr-476	608	4	somewhat	somewhat	ADV
ftr-476	608	5	undermined	undermined	ADJ
ftr-476	608	6	by	by	ADP
ftr-476	608	7	the	the	DET
ftr-476	608	8	fact	fact	NOUN
ftr-476	608	9	that	that	SCONJ
ftr-476	608	10	it	it	PRON
ftr-476	608	11	relied	rely	VERB
ftr-476	608	12	on	on	ADP
ftr-476	608	13	the	the	DET
ftr-476	608	14	tax	tax	NOUN
ftr-476	608	15	court	court	NOUN
ftr-476	608	16	's	's	PART
ftr-476	608	17	earlier	early	ADJ
ftr-476	608	18	decision	decision	NOUN
ftr-476	608	19	in	in	ADP
ftr-476	608	20	raich	raich	NOUN
ftr-476	608	21	for	for	ADP
ftr-476	608	22	the	the	DET
ftr-476	608	23	proposition	proposition	NOUN
ftr-476	608	24	that	that	SCONJ
ftr-476	608	25	§	§	PROPN
ftr-476	608	26	357(c	357(c	PROPN
ftr-476	608	27	)	)	PUNCT
ftr-476	608	28	should	should	AUX
ftr-476	608	29	be	be	AUX
ftr-476	608	30	literally	literally	ADV
ftr-476	608	31	interpreted	interpret	VERB
ftr-476	608	32	.	.	PUNCT
ftr-476	609	1	i	i	PRON
ftr-476	609	2	d.	d.	PROPN
ftr-476	609	3	at	at	ADP
ftr-476	609	4	665	665	NUM
ftr-476	609	5	(	(	PUNCT
ftr-476	609	6	quoting	quote	VERB
ftr-476	609	7	raich	raich	PROPN
ftr-476	609	8	v.	v.	PROPN
ftr-476	609	9	commissioner	commissioner	PROPN
ftr-476	609	10	,	,	PUNCT
ftr-476	609	11	46	46	NUM
ftr-476	609	12	t.c	t.c	PROPN
ftr-476	609	13	.	.	PROPN
ftr-476	609	14	604	604	NUM
ftr-476	609	15	,	,	PUNCT
ftr-476	609	16	608	608	NUM
ftr-476	609	17	(	(	PUNCT
ftr-476	609	18	1966	1966	NUM
ftr-476	609	19	)	)	PUNCT
ftr-476	609	20	)	)	PUNCT
ftr-476	609	21	.	.	PUNCT
ftr-476	610	1	the	the	DET
ftr-476	610	2	tax	tax	NOUN
ftr-476	610	3	court	court	NOUN
ftr-476	610	4	subsequently	subsequently	ADV
ftr-476	610	5	reversed	reverse	VERB
ftr-476	610	6	raich	raich	NOUN
ftr-476	610	7	in	in	ADP
ftr-476	610	8	focht	focht	NOUN
ftr-476	610	9	,	,	PUNCT
ftr-476	610	10	adopting	adopt	VERB
ftr-476	610	11	a	a	DET
ftr-476	610	12	nonliteral	nonliteral	ADJ
ftr-476	610	13	interpretation	interpretation	NOUN
ftr-476	610	14	excluding	exclude	VERB
ftr-476	610	15	from	from	ADP
ftr-476	610	16	the	the	DET
ftr-476	610	17	scope	scope	NOUN
ftr-476	610	18	of	of	ADP
ftr-476	610	19	"	"	PUNCT
ftr-476	610	20	liabilities	liability	NOUN
ftr-476	610	21	"	"	PUNCT
ftr-476	610	22	the	the	DET
ftr-476	610	23	payables	payable	NOUN
ftr-476	610	24	of	of	ADP
ftr-476	610	25	a	a	DET
ftr-476	610	26	cash	cash	NOUN
ftr-476	610	27	method	method	NOUN
ftr-476	610	28	transferor	transferor	NOUN
ftr-476	610	29	.	.	PUNCT
ftr-476	611	1	focht	focht	PROPN
ftr-476	611	2	v.	v.	ADP
ftr-476	611	3	commissioner	commissioner	NOUN
ftr-476	611	4	,	,	PUNCT
ftr-476	611	5	68	68	NUM
ftr-476	611	6	t.c	t.c	PROPN
ftr-476	611	7	.	.	PROPN
ftr-476	611	8	223	223	NUM
ftr-476	611	9	,	,	PUNCT
ftr-476	611	10	229	229	NUM
ftr-476	611	11	(	(	PUNCT
ftr-476	611	12	1977	1977	NUM
ftr-476	611	13	)	)	PUNCT
ftr-476	611	14	,	,	PUNCT
ftr-476	611	15	acq	acq	PROPN
ftr-476	611	16	.	.	PROPN
ftr-476	611	17	,	,	PUNCT
ftr-476	611	18	1980	1980	NUM
ftr-476	611	19	-	-	SYM
ftr-476	611	20	2	2	NUM
ftr-476	611	21	c.b	c.b	PROPN
ftr-476	611	22	.	.	PROPN
ftr-476	611	23	1	1	NUM
ftr-476	611	24	.	.	NUM
ftr-476	611	25	100	100	NUM
ftr-476	611	26	.	.	PUNCT
ftr-476	612	1	smith	smith	PROPN
ftr-476	612	2	v.	v.	PROPN
ftr-476	612	3	commissioner	commissioner	PROPN
ftr-476	612	4	,	,	PUNCT
ftr-476	612	5	84	84	NUM
ftr-476	612	6	t.c	t.c	PROPN
ftr-476	612	7	.	.	PROPN
ftr-476	612	8	889	889	NUM
ftr-476	612	9	(	(	PUNCT
ftr-476	612	10	1985	1985	NUM
ftr-476	612	11	)	)	PUNCT
ftr-476	612	12	,	,	PUNCT
ftr-476	612	13	aff'd	aff'd	NOUN
ftr-476	612	14	,	,	PUNCT
ftr-476	612	15	805	805	NUM
ftr-476	612	16	f.2d	f.2d	X
ftr-476	612	17	1073	1073	NUM
ftr-476	612	18	(	(	PUNCT
ftr-476	612	19	d.c	d.c	PROPN
ftr-476	612	20	.	.	PROPN
ftr-476	612	21	cir	cir	PROPN
ftr-476	612	22	.	.	PROPN
ftr-476	612	23	1986	1986	NUM
ftr-476	612	24	)	)	PUNCT
ftr-476	612	25	.	.	PUNCT
ftr-476	613	1	see	see	VERB
ftr-476	613	2	also	also	ADV
ftr-476	613	3	crane	crane	NOUN
ftr-476	613	4	v.	v.	PROPN
ftr-476	613	5	commissioner	commissioner	PROPN
ftr-476	613	6	,	,	PUNCT
ftr-476	613	7	331	331	NUM
ftr-476	613	8	u.s	u.s	PROPN
ftr-476	613	9	.	.	PROPN
ftr-476	613	10	1	1	NUM
ftr-476	613	11	,	,	PUNCT
ftr-476	613	12	14	14	NUM
ftr-476	613	13	(	(	PUNCT
ftr-476	613	14	1947	1947	NUM
ftr-476	613	15	)	)	PUNCT
ftr-476	613	16	(	(	PUNCT
ftr-476	613	17	stating	state	VERB
ftr-476	613	18	that	that	SCONJ
ftr-476	613	19	the	the	DET
ftr-476	613	20	owner	owner	NOUN
ftr-476	613	21	of	of	ADP
ftr-476	613	22	property	property	NOUN
ftr-476	613	23	mortgaged	mortgage	VERB
ftr-476	613	24	at	at	ADP
ftr-476	613	25	less	less	ADJ
ftr-476	613	26	than	than	SCONJ
ftr-476	613	27	its	its	PRON
ftr-476	613	28	value	value	NOUN
ftr-476	613	29	will	will	AUX
ftr-476	613	30	treat	treat	VERB
ftr-476	613	31	the	the	DET
ftr-476	613	32	liability	liability	NOUN
ftr-476	613	33	as	as	ADP
ftr-476	613	34	his	his	PRON
ftr-476	613	35	own	own	ADJ
ftr-476	613	36	)	)	PUNCT
ftr-476	613	37	.	.	PUNCT
ftr-476	614	1	[	[	X
ftr-476	614	2	vol	vol	NOUN
ftr-476	614	3	2:5	2:5	NUM
ftr-476	614	4	zero	zero	NUM
ftr-476	614	5	basis	basis	NOUN
ftr-476	614	6	hoar	hoar	NOUN
ftr-476	614	7	357(c	357(c	PROPN
ftr-476	614	8	)	)	PUNCT
ftr-476	614	9	by	by	ADP
ftr-476	614	10	contracting	contract	VERB
ftr-476	614	11	with	with	ADP
ftr-476	614	12	the	the	DET
ftr-476	614	13	corporation	corporation	NOUN
ftr-476	614	14	to	to	PART
ftr-476	614	15	pay	pay	VERB
ftr-476	614	16	the	the	DET
ftr-476	614	17	creditor	creditor	NOUN
ftr-476	614	18	,	,	PUNCT
ftr-476	614	19	as	as	ADP
ftr-476	614	20	in	in	ADP
ftr-476	614	21	the	the	DET
ftr-476	614	22	wraparound	wraparound	NOUN
ftr-476	614	23	mortgage	mortgage	NOUN
ftr-476	614	24	case	case	NOUN
ftr-476	614	25	under	under	ADP
ftr-476	614	26	section	section	NOUN
ftr-476	614	27	453	453	NUM
ftr-476	614	28	.	.	PUNCT
ftr-476	615	1	the	the	DET
ftr-476	615	2	case	case	NOUN
ftr-476	615	3	that	that	PRON
ftr-476	615	4	came	come	VERB
ftr-476	615	5	closest	close	ADJ
ftr-476	615	6	to	to	ADP
ftr-476	615	7	addressing	address	VERB
ftr-476	615	8	this	this	DET
ftr-476	615	9	issue	issue	NOUN
ftr-476	615	10	was	be	AUX
ftr-476	615	11	smith	smith	PROPN
ftr-476	615	12	.	.	PUNCT
ftr-476	615	13	""j	""j	PUNCT
ftr-476	616	1	d	d	X
ftr-476	616	2	the	the	DET
ftr-476	616	3	tax	tax	NOUN
ftr-476	616	4	court	court	NOUN
ftr-476	616	5	took	take	VERB
ftr-476	616	6	a	a	DET
ftr-476	616	7	simplistic	simplistic	ADJ
ftr-476	616	8	approach	approach	NOUN
ftr-476	616	9	to	to	ADP
ftr-476	616	10	the	the	DET
ftr-476	616	11	"	"	PUNCT
ftr-476	616	12	subject	subject	NOUN
ftr-476	616	13	to	to	ADP
ftr-476	616	14	"	"	PUNCT
ftr-476	616	15	question	question	NOUN
ftr-476	616	16	,	,	PUNCT
ftr-476	616	17	citing	cite	VERB
ftr-476	616	18	only	only	ADV
ftr-476	616	19	the	the	DET
ftr-476	616	20	general	general	ADJ
ftr-476	616	21	presumption	presumption	NOUN
ftr-476	616	22	that	that	SCONJ
ftr-476	616	23	the	the	DET
ftr-476	616	24	parties	party	NOUN
ftr-476	616	25	must	must	AUX
ftr-476	616	26	have	have	AUX
ftr-476	616	27	agreed	agree	VERB
ftr-476	616	28	that	that	SCONJ
ftr-476	616	29	the	the	DET
ftr-476	616	30	nonrecourse	nonrecourse	NOUN
ftr-476	616	31	debt	debt	NOUN
ftr-476	616	32	was	be	AUX
ftr-476	616	33	to	to	PART
ftr-476	616	34	be	be	AUX
ftr-476	616	35	satisfied	satisfied	ADJ
ftr-476	616	36	out	out	ADP
ftr-476	616	37	of	of	ADP
ftr-476	616	38	the	the	DET
ftr-476	616	39	security	security	NOUN
ftr-476	616	40	.	.	PUNCT
ftr-476	617	1	it	it	PRON
ftr-476	617	2	expressed	express	VERB
ftr-476	617	3	doubt	doubt	NOUN
ftr-476	617	4	about	about	ADP
ftr-476	617	5	the	the	DET
ftr-476	617	6	bona	bona	ADJ
ftr-476	617	7	fides	fide	NOUN
ftr-476	617	8	of	of	ADP
ftr-476	617	9	the	the	DET
ftr-476	617	10	transferor	transferor	NOUN
ftr-476	617	11	's	's	PART
ftr-476	617	12	undertaking	undertaking	NOUN
ftr-476	617	13	to	to	PART
ftr-476	617	14	pay	pay	VERB
ftr-476	617	15	the	the	DET
ftr-476	617	16	debt	debt	NOUN
ftr-476	617	17	by	by	ADP
ftr-476	617	18	analogizing	analogize	VERB
ftr-476	617	19	it	it	PRON
ftr-476	617	20	to	to	ADP
ftr-476	617	21	the	the	DET
ftr-476	617	22	"	"	PUNCT
ftr-476	617	23	pre	pre	ADJ
ftr-476	617	24	-	-	ADJ
ftr-476	617	25	incorporation	incorporation	ADJ
ftr-476	617	26	paper	paper	NOUN
ftr-476	617	27	transaction	transaction	NOUN
ftr-476	617	28	"	"	PUNCT
ftr-476	617	29	of	of	ADP
ftr-476	617	30	the	the	DET
ftr-476	617	31	aldernam	aldernam	PROPN
ftr-476	617	32	case.v2	case.v2	NOUN
ftr-476	617	33	the	the	DET
ftr-476	617	34	court	court	NOUN
ftr-476	617	35	did	do	AUX
ftr-476	617	36	not	not	PART
ftr-476	617	37	consider	consider	VERB
ftr-476	617	38	the	the	DET
ftr-476	617	39	possibility	possibility	NOUN
ftr-476	617	40	of	of	ADP
ftr-476	617	41	treating	treat	VERB
ftr-476	617	42	the	the	DET
ftr-476	617	43	debt	debt	NOUN
ftr-476	617	44	as	as	ADP
ftr-476	617	45	a	a	DET
ftr-476	617	46	wrapped	wrap	VERB
ftr-476	617	47	mortgage	mortgage	NOUN
ftr-476	617	48	,	,	PUNCT
ftr-476	617	49	but	but	CCONJ
ftr-476	617	50	wraparound	wraparound	NOUN
ftr-476	617	51	mortgage	mortgage	NOUN
ftr-476	617	52	treatment	treatment	NOUN
ftr-476	617	53	as	as	ADP
ftr-476	617	54	under	under	ADP
ftr-476	617	55	section	section	NOUN
ftr-476	617	56	453	453	NUM
ftr-476	617	57	was	be	AUX
ftr-476	617	58	probably	probably	ADV
ftr-476	617	59	precluded	preclude	VERB
ftr-476	617	60	by	by	ADP
ftr-476	617	61	the	the	DET
ftr-476	617	62	facts	fact	NOUN
ftr-476	617	63	.	.	PUNCT
ftr-476	618	1	the	the	DET
ftr-476	618	2	court	court	NOUN
ftr-476	618	3	viewed	view	VERB
ftr-476	618	4	the	the	DET
ftr-476	618	5	transferor	transferor	NOUN
ftr-476	618	6	's	's	PART
ftr-476	618	7	undertaking	undertaking	NOUN
ftr-476	618	8	more	more	ADJ
ftr-476	618	9	as	as	ADP
ftr-476	618	10	an	an	DET
ftr-476	618	11	indemnity	indemnity	NOUN
ftr-476	618	12	than	than	ADP
ftr-476	618	13	a	a	DET
ftr-476	618	14	reservation	reservation	NOUN
ftr-476	618	15	of	of	ADP
ftr-476	618	16	primary	primary	ADJ
ftr-476	618	17	liability	liability	NOUN
ftr-476	618	18	on	on	ADP
ftr-476	618	19	the	the	DET
ftr-476	618	20	debt	debt	NOUN
ftr-476	618	21	,	,	PUNCT
ftr-476	618	22	and	and	CCONJ
ftr-476	618	23	the	the	DET
ftr-476	618	24	corporation	corporation	NOUN
ftr-476	618	25	actually	actually	ADV
ftr-476	618	26	made	make	VERB
ftr-476	618	27	some	some	PRON
ftr-476	618	28	of	of	ADP
ftr-476	618	29	the	the	DET
ftr-476	618	30	payments	payment	NOUN
ftr-476	618	31	on	on	ADP
ftr-476	618	32	the	the	DET
ftr-476	618	33	debt	debt	NOUN
ftr-476	618	34	.	.	PUNCT
ftr-476	619	1	thus	thus	ADV
ftr-476	619	2	,	,	PUNCT
ftr-476	619	3	smith	smith	PROPN
ftr-476	619	4	does	do	AUX
ftr-476	619	5	not	not	PART
ftr-476	619	6	preclude	preclude	VERB
ftr-476	619	7	a	a	DET
ftr-476	619	8	different	different	ADJ
ftr-476	619	9	result	result	NOUN
ftr-476	619	10	on	on	ADP
ftr-476	619	11	better	well	ADJ
ftr-476	619	12	facts	fact	NOUN
ftr-476	619	13	that	that	PRON
ftr-476	619	14	properly	properly	ADV
ftr-476	619	15	support	support	VERB
ftr-476	619	16	application	application	NOUN
ftr-476	619	17	of	of	ADP
ftr-476	619	18	the	the	DET
ftr-476	619	19	wraparound	wraparound	NOUN
ftr-476	619	20	mortgage	mortgage	NOUN
ftr-476	619	21	approach	approach	NOUN
ftr-476	619	22	.	.	PUNCT
ftr-476	620	1	while	while	SCONJ
ftr-476	620	2	the	the	DET
ftr-476	620	3	wraparound	wraparound	NOUN
ftr-476	620	4	mortgage	mortgage	NOUN
ftr-476	620	5	approach	approach	NOUN
ftr-476	620	6	can	can	AUX
ftr-476	620	7	apply	apply	VERB
ftr-476	620	8	to	to	ADP
ftr-476	620	9	nonrecourse	nonrecourse	ADJ
ftr-476	620	10	debt	debt	NOUN
ftr-476	620	11	under	under	ADP
ftr-476	620	12	section	section	NOUN
ftr-476	620	13	453	453	NUM
ftr-476	620	14	without	without	ADP
ftr-476	620	15	the	the	DET
ftr-476	620	16	seller	seller	NOUN
ftr-476	620	17	undertaking	undertake	VERB
ftr-476	620	18	personal	personal	ADJ
ftr-476	620	19	liability	liability	NOUN
ftr-476	620	20	to	to	ADP
ftr-476	620	21	the	the	DET
ftr-476	620	22	outside	outside	ADJ
ftr-476	620	23	creditor	creditor	NOUN
ftr-476	620	24	,	,	PUNCT
ftr-476	620	25	0	0	NUM
ftr-476	620	26	3	3	NUM
ftr-476	620	27	transferors	transferor	NOUN
ftr-476	620	28	in	in	ADP
ftr-476	620	29	section	section	NOUN
ftr-476	620	30	357(c	357(c	PROPN
ftr-476	620	31	)	)	PUNCT
ftr-476	620	32	transactions	transaction	NOUN
ftr-476	620	33	might	might	AUX
ftr-476	620	34	consider	consider	VERB
ftr-476	620	35	taking	take	VERB
ftr-476	620	36	that	that	DET
ftr-476	620	37	additional	additional	ADJ
ftr-476	620	38	step	step	NOUN
ftr-476	620	39	to	to	PART
ftr-476	620	40	stifle	stifle	VERB
ftr-476	620	41	possible	possible	ADJ
ftr-476	620	42	doubts	doubt	NOUN
ftr-476	620	43	about	about	ADP
ftr-476	620	44	the	the	DET
ftr-476	620	45	bona	bona	ADJ
ftr-476	620	46	fides	fide	NOUN
ftr-476	620	47	of	of	ADP
ftr-476	620	48	the	the	DET
ftr-476	620	49	retention	retention	NOUN
ftr-476	620	50	of	of	ADP
ftr-476	620	51	liability	liability	NOUN
ftr-476	620	52	.	.	PUNCT
ftr-476	621	1	in	in	ADP
ftr-476	621	2	section	section	NOUN
ftr-476	621	3	453	453	NUM
ftr-476	621	4	cases	case	NOUN
ftr-476	621	5	,	,	PUNCT
ftr-476	621	6	those	those	DET
ftr-476	621	7	doubts	doubt	NOUN
ftr-476	621	8	are	be	AUX
ftr-476	621	9	diminished	diminish	VERB
ftr-476	621	10	by	by	ADP
ftr-476	621	11	the	the	DET
ftr-476	621	12	existence	existence	NOUN
ftr-476	621	13	of	of	ADP
ftr-476	621	14	the	the	DET
ftr-476	621	15	wraparound	wraparound	NOUN
ftr-476	621	16	mortgage	mortgage	NOUN
ftr-476	621	17	itself	itself	PRON
ftr-476	621	18	because	because	SCONJ
ftr-476	621	19	the	the	DET
ftr-476	621	20	amount	amount	NOUN
ftr-476	621	21	of	of	ADP
ftr-476	621	22	that	that	DET
ftr-476	621	23	mortgage	mortgage	NOUN
ftr-476	621	24	usually	usually	ADV
ftr-476	621	25	supplies	supply	VERB
ftr-476	621	26	ample	ample	ADJ
ftr-476	621	27	proof	proof	NOUN
ftr-476	621	28	that	that	SCONJ
ftr-476	621	29	the	the	DET
ftr-476	621	30	buyer	buyer	NOUN
ftr-476	621	31	did	do	AUX
ftr-476	621	32	not	not	PART
ftr-476	621	33	also	also	ADV
ftr-476	621	34	intend	intend	VERB
ftr-476	621	35	to	to	PART
ftr-476	621	36	pay	pay	VERB
ftr-476	621	37	the	the	DET
ftr-476	621	38	wrapped	wrap	VERB
ftr-476	621	39	debt	debt	NOUN
ftr-476	621	40	.	.	PUNCT
ftr-476	621	41	'o	'o	PART
ftr-476	622	1	°	°	NOUN
ftr-476	622	2	in	in	ADP
ftr-476	622	3	section	section	NOUN
ftr-476	622	4	357(c	357(c	PROPN
ftr-476	622	5	)	)	PUNCT
ftr-476	622	6	transactions	transaction	NOUN
ftr-476	622	7	,	,	PUNCT
ftr-476	622	8	the	the	DET
ftr-476	622	9	consideration	consideration	NOUN
ftr-476	622	10	received	receive	VERB
ftr-476	622	11	by	by	ADP
ftr-476	622	12	the	the	DET
ftr-476	622	13	transferor	transferor	NOUN
ftr-476	622	14	is	be	AUX
ftr-476	622	15	stock	stock	NOUN
ftr-476	622	16	,	,	PUNCT
ftr-476	622	17	not	not	PART
ftr-476	622	18	a	a	DET
ftr-476	622	19	wraparound	wraparound	NOUN
ftr-476	622	20	mortgage	mortgage	NOUN
ftr-476	622	21	.	.	PUNCT
ftr-476	623	1	the	the	DET
ftr-476	623	2	same	same	ADJ
ftr-476	623	3	preclusive	preclusive	ADJ
ftr-476	623	4	evidence	evidence	NOUN
ftr-476	623	5	might	might	AUX
ftr-476	623	6	exist	exist	VERB
ftr-476	623	7	if	if	SCONJ
ftr-476	623	8	the	the	DET
ftr-476	623	9	stock	stock	NOUN
ftr-476	623	10	of	of	ADP
ftr-476	623	11	the	the	DET
ftr-476	623	12	corporation	corporation	NOUN
ftr-476	623	13	has	have	VERB
ftr-476	623	14	an	an	DET
ftr-476	623	15	ascertainable	ascertainable	ADJ
ftr-476	623	16	value	value	NOUN
ftr-476	623	17	apart	apart	ADV
ftr-476	623	18	from	from	ADP
ftr-476	623	19	the	the	DET
ftr-476	623	20	debt	debt	NOUN
ftr-476	623	21	assumption	assumption	NOUN
ftr-476	623	22	.	.	PUNCT
ftr-476	624	1	however	however	ADV
ftr-476	624	2	,	,	PUNCT
ftr-476	624	3	where	where	SCONJ
ftr-476	624	4	the	the	DET
ftr-476	624	5	transferee	transferee	NOUN
ftr-476	624	6	is	be	AUX
ftr-476	624	7	a	a	DET
ftr-476	624	8	closely	closely	ADV
ftr-476	624	9	held	hold	VERB
ftr-476	624	10	corporation	corporation	NOUN
ftr-476	624	11	,	,	PUNCT
ftr-476	624	12	the	the	DET
ftr-476	624	13	value	value	NOUN
ftr-476	624	14	of	of	ADP
ftr-476	624	15	its	its	PRON
ftr-476	624	16	stock	stock	NOUN
ftr-476	624	17	is	be	AUX
ftr-476	624	18	likely	likely	ADJ
ftr-476	624	19	to	to	PART
ftr-476	624	20	depend	depend	VERB
ftr-476	624	21	on	on	ADP
ftr-476	624	22	whether	whether	SCONJ
ftr-476	624	23	the	the	DET
ftr-476	624	24	parties	party	NOUN
ftr-476	624	25	intend	intend	VERB
ftr-476	624	26	that	that	SCONJ
ftr-476	624	27	the	the	DET
ftr-476	624	28	corporation	corporation	NOUN
ftr-476	624	29	pay	pay	VERB
ftr-476	624	30	the	the	DET
ftr-476	624	31	debt	debt	NOUN
ftr-476	624	32	,	,	PUNCT
ftr-476	624	33	and	and	CCONJ
ftr-476	624	34	not	not	PART
ftr-476	624	35	vice	vice	ADV
ftr-476	624	36	versa	versa	ADV
ftr-476	624	37	.	.	PUNCT
ftr-476	625	1	therefore	therefore	ADV
ftr-476	625	2	,	,	PUNCT
ftr-476	625	3	a	a	DET
ftr-476	625	4	formal	formal	ADJ
ftr-476	625	5	assumption	assumption	NOUN
ftr-476	625	6	of	of	ADP
ftr-476	625	7	the	the	DET
ftr-476	625	8	debt	debt	NOUN
ftr-476	625	9	by	by	ADP
ftr-476	625	10	the	the	DET
ftr-476	625	11	transferor	transferor	NOUN
ftr-476	625	12	to	to	ADP
ftr-476	625	13	the	the	DET
ftr-476	625	14	creditor	creditor	NOUN
ftr-476	625	15	should	should	AUX
ftr-476	625	16	serve	serve	VERB
ftr-476	625	17	the	the	DET
ftr-476	625	18	same	same	ADJ
ftr-476	625	19	evidentiary	evidentiary	ADJ
ftr-476	625	20	purpose	purpose	NOUN
ftr-476	625	21	.	.	PUNCT
ftr-476	626	1	'"furthermore	'"furthermore	PROPN
ftr-476	626	2	,	,	PUNCT
ftr-476	626	3	a	a	DET
ftr-476	626	4	transferor	transferor	NOUN
ftr-476	626	5	undertaking	undertake	VERB
ftr-476	626	6	personal	personal	ADJ
ftr-476	626	7	liability	liability	NOUN
ftr-476	626	8	to	to	ADP
ftr-476	626	9	the	the	DET
ftr-476	626	10	outside	outside	ADJ
ftr-476	626	11	creditor	creditor	NOUN
ftr-476	626	12	has	have	VERB
ftr-476	626	13	a	a	DET
ftr-476	626	14	much	much	ADJ
ftr-476	626	15	101	101	NUM
ftr-476	626	16	.	.	PUNCT
ftr-476	627	1	smith	smith	PROPN
ftr-476	627	2	,	,	PUNCT
ftr-476	627	3	84	84	NUM
ftr-476	627	4	t.c	t.c	PROPN
ftr-476	627	5	.	.	PUNCT
ftr-476	628	1	at	at	ADP
ftr-476	628	2	889	889	NUM
ftr-476	628	3	.	.	PUNCT
ftr-476	628	4	102	102	NUM
ftr-476	628	5	.	.	PUNCT
ftr-476	629	1	i	i	PRON
ftr-476	629	2	d.	d.	PROPN
ftr-476	629	3	at	at	ADP
ftr-476	629	4	909	909	NUM
ftr-476	629	5	.	.	PUNCT
ftr-476	629	6	103	103	NUM
ftr-476	629	7	.	.	PUNCT
ftr-476	630	1	see	see	VERB
ftr-476	630	2	united	united	PROPN
ftr-476	630	3	pac	pac	PROPN
ftr-476	630	4	.	.	PROPN
ftr-476	630	5	corp	corp	PROPN
ftr-476	630	6	.	.	PROPN
ftr-476	631	1	v.	v.	PROPN
ftr-476	631	2	commissioner	commissioner	PROPN
ftr-476	631	3	,	,	PUNCT
ftr-476	631	4	39	39	NUM
ftr-476	631	5	t.c	t.c	PROPN
ftr-476	631	6	.	.	PROPN
ftr-476	631	7	721	721	NUM
ftr-476	631	8	(	(	PUNCT
ftr-476	631	9	1963	1963	NUM
ftr-476	631	10	)	)	PUNCT
ftr-476	631	11	.	.	PUNCT
ftr-476	632	1	104	104	X
ftr-476	632	2	.	.	PUNCT
ftr-476	633	1	see	see	VERB
ftr-476	633	2	stonecrest	stonecrest	PROPN
ftr-476	633	3	corp	corp	PROPN
ftr-476	633	4	.	.	PROPN
ftr-476	633	5	,	,	PUNCT
ftr-476	633	6	v.	v.	PROPN
ftr-476	633	7	commissioner	commissioner	NOUN
ftr-476	633	8	,	,	PUNCT
ftr-476	633	9	24	24	NUM
ftr-476	633	10	t.c	t.c	PROPN
ftr-476	633	11	.	.	PROPN
ftr-476	633	12	659	659	NUM
ftr-476	633	13	,	,	PUNCT
ftr-476	633	14	667	667	NUM
ftr-476	633	15	(	(	PUNCT
ftr-476	633	16	19551	19551	NUM
ftr-476	633	17	(	(	PUNCT
ftr-476	633	18	"	"	PUNCT
ftr-476	633	19	it	it	PRON
ftr-476	633	20	has	have	AUX
ftr-476	633	21	been	be	AUX
ftr-476	633	22	stated	state	VERB
ftr-476	633	23	that	that	SCONJ
ftr-476	633	24	in	in	ADP
ftr-476	633	25	determining	determine	VERB
ftr-476	633	26	whether	whether	SCONJ
ftr-476	633	27	or	or	CCONJ
ftr-476	633	28	not	not	PART
ftr-476	633	29	a	a	DET
ftr-476	633	30	transfer	transfer	NOUN
ftr-476	633	31	is	be	AUX
ftr-476	633	32	subject	subject	ADJ
ftr-476	633	33	to	to	ADP
ftr-476	633	34	a	a	DET
ftr-476	633	35	mortgage	mortgage	NOUN
ftr-476	633	36	,	,	PUNCT
ftr-476	633	37	'	'	PUNCT
ftr-476	633	38	a	a	DET
ftr-476	633	39	circumstance	circumstance	NOUN
ftr-476	633	40	which	which	PRON
ftr-476	633	41	is	be	AUX
ftr-476	633	42	usually	usually	ADV
ftr-476	633	43	of	of	ADP
ftr-476	633	44	controlling	control	VERB
ftr-476	633	45	importance	importance	NOUN
ftr-476	633	46	in	in	ADP
ftr-476	633	47	this	this	DET
ftr-476	633	48	regard	regard	NOUN
ftr-476	633	49	is	be	AUX
ftr-476	633	50	whether	whether	SCONJ
ftr-476	633	51	the	the	DET
ftr-476	633	52	mortgage	mortgage	NOUN
ftr-476	633	53	was	be	AUX
ftr-476	633	54	considered	consider	VERB
ftr-476	633	55	in	in	ADP
ftr-476	633	56	adjusting	adjust	VERB
ftr-476	633	57	the	the	DET
ftr-476	633	58	purchase	purchase	NOUN
ftr-476	633	59	price	price	NOUN
ftr-476	633	60	"	"	PUNCT
ftr-476	633	61	'	'	NUM
ftr-476	633	62	)	)	PUNCT
ftr-476	633	63	,	,	PUNCT
ftr-476	633	64	nonacq	nonacq	PROPN
ftr-476	633	65	..	..	PUNCT
ftr-476	633	66	1956	1956	NUM
ftr-476	633	67	-	-	SYM
ftr-476	633	68	2	2	NUM
ftr-476	633	69	c.b	c.b	PROPN
ftr-476	633	70	.	.	PROPN
ftr-476	633	71	10	10	NUM
ftr-476	633	72	.	.	X
ftr-476	633	73	105	105	NUM
ftr-476	633	74	.	.	PUNCT
ftr-476	634	1	support	support	NOUN
ftr-476	634	2	for	for	ADP
ftr-476	634	3	this	this	DET
ftr-476	634	4	approach	approach	NOUN
ftr-476	634	5	is	be	AUX
ftr-476	634	6	found	find	VERB
ftr-476	634	7	in	in	ADP
ftr-476	634	8	the	the	DET
ftr-476	634	9	regulations	regulation	NOUN
ftr-476	634	10	governing	govern	VERB
ftr-476	634	11	partnership	partnership	NOUN
ftr-476	634	12	capital	capital	NOUN
ftr-476	634	13	accounts	account	NOUN
ftr-476	634	14	,	,	PUNCT
ftr-476	634	15	which	which	PRON
ftr-476	634	16	permit	permit	VERB
ftr-476	634	17	a	a	DET
ftr-476	634	18	partner	partner	NOUN
ftr-476	634	19	's	's	PART
ftr-476	634	20	capital	capital	NOUN
ftr-476	634	21	account	account	NOUN
ftr-476	634	22	to	to	PART
ftr-476	634	23	be	be	AUX
ftr-476	634	24	increased	increase	VERB
ftr-476	634	25	by	by	ADP
ftr-476	634	26	the	the	DET
ftr-476	634	27	partner	partner	NOUN
ftr-476	634	28	's	's	PART
ftr-476	634	29	assumption	assumption	NOUN
ftr-476	634	30	of	of	ADP
ftr-476	634	31	a	a	DET
ftr-476	634	32	partnership	partnership	NOUN
ftr-476	634	33	debt	debt	NOUN
ftr-476	634	34	only	only	ADV
ftr-476	634	35	if	if	SCONJ
ftr-476	634	36	the	the	DET
ftr-476	634	37	partner	partner	NOUN
ftr-476	634	38	assumes	assume	VERB
ftr-476	634	39	a	a	DET
ftr-476	634	40	direct	direct	ADJ
ftr-476	634	41	personal	personal	ADJ
ftr-476	634	42	obligation	obligation	NOUN
ftr-476	634	43	to	to	ADP
ftr-476	634	44	the	the	DET
ftr-476	634	45	outside	outside	ADJ
ftr-476	634	46	creditor	creditor	NOUN
ftr-476	634	47	,	,	PUNCT
ftr-476	634	48	the	the	DET
ftr-476	634	49	creditor	creditor	NOUN
ftr-476	634	50	knows	know	VERB
ftr-476	634	51	it	it	PRON
ftr-476	634	52	,	,	PUNCT
ftr-476	634	53	and	and	CCONJ
ftr-476	634	54	,	,	PUNCT
ftr-476	634	55	as	as	ADP
ftr-476	634	56	between	between	ADP
ftr-476	634	57	the	the	DET
ftr-476	634	58	partner	partner	NOUN
ftr-476	634	59	and	and	CCONJ
ftr-476	634	60	the	the	DET
ftr-476	634	61	partnership	partnership	NOUN
ftr-476	634	62	,	,	PUNCT
ftr-476	634	63	the	the	DET
ftr-476	634	64	partner	partner	NOUN
ftr-476	634	65	is	be	AUX
ftr-476	634	66	ultimately	ultimately	ADV
ftr-476	634	67	liable	liable	ADJ
ftr-476	634	68	.	.	PUNCT
ftr-476	635	1	regs	regs	PROPN
ftr-476	635	2	.	.	PUNCT
ftr-476	636	1	§	§	PROPN
ftr-476	636	2	1.704	1.704	NUM
ftr-476	636	3	-	-	NUM
ftr-476	636	4	1(b)(2)(iv)(c	1(b)(2)(iv)(c	NUM
ftr-476	636	5	)	)	PUNCT
ftr-476	636	6	.	.	PUNCT
ftr-476	637	1	19941	19941	NUM
ftr-476	637	2	florida	florida	PROPN
ftr-476	637	3	tax	tax	PROPN
ftr-476	637	4	review	review	NOUN
ftr-476	637	5	stronger	strong	ADJ
ftr-476	637	6	technical	technical	ADJ
ftr-476	637	7	argument	argument	NOUN
ftr-476	637	8	because	because	SCONJ
ftr-476	637	9	that	that	PRON
ftr-476	637	10	moves	move	VERB
ftr-476	637	11	the	the	DET
ftr-476	637	12	debt	debt	NOUN
ftr-476	637	13	from	from	ADP
ftr-476	637	14	the	the	DET
ftr-476	637	15	nonrecourse	nonrecourse	NOUN
ftr-476	637	16	to	to	ADP
ftr-476	637	17	the	the	DET
ftr-476	637	18	recourse	recourse	NOUN
ftr-476	637	19	category	category	NOUN
ftr-476	637	20	vis	vis	X
ftr-476	637	21	a	a	X
ftr-476	637	22	vis	vis	X
ftr-476	637	23	the	the	DET
ftr-476	637	24	creditor,0	creditor,0	NOUN
ftr-476	637	25	6	6	NUM
ftr-476	637	26	and	and	CCONJ
ftr-476	637	27	the	the	DET
ftr-476	637	28	discussion	discussion	NOUN
ftr-476	637	29	above	above	ADP
ftr-476	637	30	concerning	concern	VERB
ftr-476	637	31	recourse	recourse	NOUN
ftr-476	637	32	debt	debt	NOUN
ftr-476	637	33	should	should	AUX
ftr-476	637	34	apply	apply	VERB
ftr-476	637	35	.	.	PUNCT
ftr-476	637	36	'	'	PUNCT
ftr-476	638	1	°	°	ADP
ftr-476	638	2	7	7	NUM
ftr-476	638	3	that	that	PRON
ftr-476	638	4	transferors	transferor	NOUN
ftr-476	638	5	know	know	VERB
ftr-476	638	6	how	how	SCONJ
ftr-476	638	7	to	to	PART
ftr-476	638	8	take	take	VERB
ftr-476	638	9	such	such	ADJ
ftr-476	638	10	contractual	contractual	ADJ
ftr-476	638	11	precautions	precaution	NOUN
ftr-476	638	12	(	(	PUNCT
ftr-476	638	13	albeit	albeit	ADV
ftr-476	638	14	too	too	ADV
ftr-476	638	15	late	late	ADV
ftr-476	638	16	)	)	PUNCT
ftr-476	638	17	is	be	AUX
ftr-476	638	18	evidenced	evidence	VERB
ftr-476	638	19	by	by	ADP
ftr-476	638	20	the	the	DET
ftr-476	638	21	owen'08	owen'08	PROPN
ftr-476	638	22	and	and	CCONJ
ftr-476	638	23	smith'0	smith'0	VERB
ftr-476	638	24	9	9	NUM
ftr-476	638	25	cases	case	NOUN
ftr-476	638	26	,	,	PUNCT
ftr-476	638	27	where	where	SCONJ
ftr-476	638	28	the	the	DET
ftr-476	638	29	shareholders	shareholder	NOUN
ftr-476	638	30	attempted	attempt	VERB
ftr-476	638	31	after	after	ADP
ftr-476	638	32	the	the	DET
ftr-476	638	33	fact	fact	NOUN
ftr-476	638	34	to	to	PART
ftr-476	638	35	create	create	VERB
ftr-476	638	36	(	(	PUNCT
ftr-476	638	37	and	and	CCONJ
ftr-476	638	38	backdate	backdate	ADJ
ftr-476	638	39	)	)	PUNCT
ftr-476	638	40	personal	personal	ADJ
ftr-476	638	41	liability	liability	NOUN
ftr-476	638	42	to	to	ADP
ftr-476	638	43	the	the	DET
ftr-476	638	44	outside	outside	ADJ
ftr-476	638	45	creditors	creditor	NOUN
ftr-476	638	46	and	and	CCONJ
ftr-476	638	47	obtain	obtain	VERB
ftr-476	638	48	release	release	NOUN
ftr-476	638	49	of	of	ADP
ftr-476	638	50	security	security	NOUN
ftr-476	638	51	interests	interest	NOUN
ftr-476	638	52	.	.	PUNCT
ftr-476	639	1	even	even	ADV
ftr-476	639	2	sol	sol	PROPN
ftr-476	639	3	lessinger	lessinger	NOUN
ftr-476	639	4	's	's	PART
ftr-476	639	5	obligation	obligation	NOUN
ftr-476	639	6	was	be	AUX
ftr-476	639	7	ultimately	ultimately	ADV
ftr-476	639	8	conveyed	convey	VERB
ftr-476	639	9	to	to	ADP
ftr-476	639	10	the	the	DET
ftr-476	639	11	outside	outside	ADJ
ftr-476	639	12	creditor	creditor	NOUN
ftr-476	639	13	.	.	PUNCT
ftr-476	640	1	these	these	DET
ftr-476	640	2	transferors	transferor	NOUN
ftr-476	640	3	'	'	PART
ftr-476	640	4	problems	problem	NOUN
ftr-476	640	5	lay	lie	VERB
ftr-476	640	6	not	not	PART
ftr-476	640	7	in	in	ADP
ftr-476	640	8	zero	zero	NUM
ftr-476	640	9	basis	basis	NOUN
ftr-476	640	10	but	but	CCONJ
ftr-476	640	11	in	in	ADP
ftr-476	640	12	their	their	PRON
ftr-476	640	13	failure	failure	NOUN
ftr-476	640	14	to	to	PART
ftr-476	640	15	prove	prove	VERB
ftr-476	640	16	their	their	PRON
ftr-476	640	17	intent	intent	NOUN
ftr-476	640	18	to	to	PART
ftr-476	640	19	pay	pay	VERB
ftr-476	640	20	.	.	PUNCT
ftr-476	641	1	5	5	X
ftr-476	641	2	.	.	X
ftr-476	641	3	transferor	transferor	NOUN
ftr-476	641	4	notes.-in	notes.-in	NUM
ftr-476	641	5	the	the	DET
ftr-476	641	6	foregoing	forego	VERB
ftr-476	641	7	discussion	discussion	NOUN
ftr-476	641	8	,	,	PUNCT
ftr-476	641	9	the	the	DET
ftr-476	641	10	principal	principal	ADJ
ftr-476	641	11	technique	technique	NOUN
ftr-476	641	12	advocated	advocate	VERB
ftr-476	641	13	for	for	ADP
ftr-476	641	14	avoiding	avoid	VERB
ftr-476	641	15	the	the	DET
ftr-476	641	16	impact	impact	NOUN
ftr-476	641	17	of	of	ADP
ftr-476	641	18	section	section	NOUN
ftr-476	641	19	357(c	357(c	PROPN
ftr-476	641	20	)	)	PUNCT
ftr-476	641	21	is	be	AUX
ftr-476	641	22	transferor	transferor	NOUN
ftr-476	641	23	retention	retention	NOUN
ftr-476	641	24	of	of	ADP
ftr-476	641	25	direct	direct	ADJ
ftr-476	641	26	liability	liability	NOUN
ftr-476	641	27	on	on	ADP
ftr-476	641	28	debts	debt	NOUN
ftr-476	641	29	relating	relate	VERB
ftr-476	641	30	to	to	ADP
ftr-476	641	31	the	the	DET
ftr-476	641	32	transferred	transfer	VERB
ftr-476	641	33	property	property	NOUN
ftr-476	641	34	.	.	PUNCT
ftr-476	642	1	it	it	PRON
ftr-476	642	2	is	be	AUX
ftr-476	642	3	possible	possible	ADJ
ftr-476	642	4	,	,	PUNCT
ftr-476	642	5	in	in	ADP
ftr-476	642	6	theory	theory	NOUN
ftr-476	642	7	,	,	PUNCT
ftr-476	642	8	for	for	SCONJ
ftr-476	642	9	direct	direct	ADJ
ftr-476	642	10	liability	liability	NOUN
ftr-476	642	11	to	to	PART
ftr-476	642	12	be	be	AUX
ftr-476	642	13	retained	retain	VERB
ftr-476	642	14	by	by	ADP
ftr-476	642	15	the	the	DET
ftr-476	642	16	transferor	transferor	NOUN
ftr-476	642	17	using	use	VERB
ftr-476	642	18	the	the	DET
ftr-476	642	19	corporation	corporation	NOUN
ftr-476	642	20	as	as	ADP
ftr-476	642	21	the	the	DET
ftr-476	642	22	transferor	transferor	NOUN
ftr-476	642	23	's	's	PART
ftr-476	642	24	paying	pay	VERB
ftr-476	642	25	agent	agent	NOUN
ftr-476	642	26	.	.	PUNCT
ftr-476	643	1	perhaps	perhaps	ADV
ftr-476	643	2	this	this	DET
ftr-476	643	3	approach	approach	NOUN
ftr-476	643	4	should	should	AUX
ftr-476	643	5	be	be	AUX
ftr-476	643	6	permitted	permit	VERB
ftr-476	643	7	when	when	SCONJ
ftr-476	643	8	there	there	PRON
ftr-476	643	9	is	be	VERB
ftr-476	643	10	a	a	DET
ftr-476	643	11	business	business	NOUN
ftr-476	643	12	purpose	purpose	NOUN
ftr-476	643	13	for	for	ADP
ftr-476	643	14	using	use	VERB
ftr-476	643	15	it	it	PRON
ftr-476	643	16	.	.	PUNCT
ftr-476	644	1	for	for	ADP
ftr-476	644	2	example	example	NOUN
ftr-476	644	3	,	,	PUNCT
ftr-476	644	4	in	in	ADP
ftr-476	644	5	many	many	ADJ
ftr-476	644	6	cases	case	NOUN
ftr-476	644	7	,	,	PUNCT
ftr-476	644	8	the	the	DET
ftr-476	644	9	assumed	assume	VERB
ftr-476	644	10	debts	debt	NOUN
ftr-476	644	11	are	be	AUX
ftr-476	644	12	those	those	PRON
ftr-476	644	13	of	of	ADP
ftr-476	644	14	a	a	DET
ftr-476	644	15	business	business	NOUN
ftr-476	644	16	being	be	AUX
ftr-476	644	17	incorporated	incorporate	VERB
ftr-476	644	18	in	in	ADP
ftr-476	644	19	the	the	DET
ftr-476	644	20	section	section	NOUN
ftr-476	644	21	351	351	NUM
ftr-476	644	22	transaction	transaction	NOUN
ftr-476	644	23	,	,	PUNCT
ftr-476	644	24	and	and	CCONJ
ftr-476	644	25	the	the	DET
ftr-476	644	26	transferor	transferor	NOUN
ftr-476	644	27	wants	want	VERB
ftr-476	644	28	to	to	PART
ftr-476	644	29	retain	retain	VERB
ftr-476	644	30	liability	liability	NOUN
ftr-476	644	31	for	for	ADP
ftr-476	644	32	only	only	ADV
ftr-476	644	33	the	the	DET
ftr-476	644	34	amount	amount	NOUN
ftr-476	644	35	by	by	ADP
ftr-476	644	36	which	which	PRON
ftr-476	644	37	the	the	DET
ftr-476	644	38	debts	debt	NOUN
ftr-476	644	39	exceed	exceed	VERB
ftr-476	644	40	the	the	DET
ftr-476	644	41	basis	basis	NOUN
ftr-476	644	42	of	of	ADP
ftr-476	644	43	the	the	DET
ftr-476	644	44	transferred	transfer	VERB
ftr-476	644	45	assets	asset	NOUN
ftr-476	644	46	.	.	PUNCT
ftr-476	645	1	for	for	ADP
ftr-476	645	2	the	the	DET
ftr-476	645	3	transferor	transferor	NOUN
ftr-476	645	4	to	to	PART
ftr-476	645	5	retain	retain	VERB
ftr-476	645	6	direct	direct	ADJ
ftr-476	645	7	liability	liability	NOUN
ftr-476	645	8	for	for	ADP
ftr-476	645	9	only	only	ADV
ftr-476	645	10	such	such	DET
ftr-476	645	11	a	a	DET
ftr-476	645	12	specific	specific	ADJ
ftr-476	645	13	amount	amount	NOUN
ftr-476	645	14	might	might	AUX
ftr-476	645	15	be	be	AUX
ftr-476	645	16	very	very	ADV
ftr-476	645	17	inconvenient	inconvenient	ADJ
ftr-476	645	18	for	for	ADP
ftr-476	645	19	the	the	DET
ftr-476	645	20	transferor	transferor	NOUN
ftr-476	645	21	and	and	CCONJ
ftr-476	645	22	the	the	DET
ftr-476	645	23	corporation	corporation	NOUN
ftr-476	645	24	if	if	SCONJ
ftr-476	645	25	it	it	PRON
ftr-476	645	26	requires	require	VERB
ftr-476	645	27	,	,	PUNCT
ftr-476	645	28	for	for	ADP
ftr-476	645	29	example	example	NOUN
ftr-476	645	30	,	,	PUNCT
ftr-476	645	31	that	that	SCONJ
ftr-476	645	32	each	each	DET
ftr-476	645	33	party	party	NOUN
ftr-476	645	34	pay	pay	VERB
ftr-476	645	35	portions	portion	NOUN
ftr-476	645	36	of	of	ADP
ftr-476	645	37	particular	particular	ADJ
ftr-476	645	38	debts	debt	NOUN
ftr-476	645	39	.	.	PUNCT
ftr-476	646	1	it	it	PRON
ftr-476	646	2	might	might	AUX
ftr-476	646	3	also	also	ADV
ftr-476	646	4	be	be	AUX
ftr-476	646	5	confusing	confusing	ADJ
ftr-476	646	6	to	to	ADP
ftr-476	646	7	creditors	creditor	NOUN
ftr-476	646	8	who	who	PRON
ftr-476	646	9	deal	deal	VERB
ftr-476	646	10	with	with	ADP
ftr-476	646	11	the	the	DET
ftr-476	646	12	business	business	NOUN
ftr-476	646	13	both	both	CCONJ
ftr-476	646	14	before	before	ADP
ftr-476	646	15	and	and	CCONJ
ftr-476	646	16	after	after	ADP
ftr-476	646	17	the	the	DET
ftr-476	646	18	incorporation	incorporation	NOUN
ftr-476	646	19	.	.	PUNCT
ftr-476	647	1	an	an	DET
ftr-476	647	2	appropriate	appropriate	ADJ
ftr-476	647	3	solution	solution	NOUN
ftr-476	647	4	to	to	ADP
ftr-476	647	5	106	106	NUM
ftr-476	647	6	.	.	PUNCT
ftr-476	648	1	see	see	VERB
ftr-476	648	2	bressi	bressi	PROPN
ftr-476	648	3	v.	v.	PROPN
ftr-476	648	4	commissioner	commissioner	NOUN
ftr-476	648	5	,	,	PUNCT
ftr-476	648	6	62	62	NUM
ftr-476	648	7	t.c	t.c	PROPN
ftr-476	648	8	.	.	PROPN
ftr-476	648	9	memo	memo	NOUN
ftr-476	648	10	(	(	PUNCT
ftr-476	648	11	cch	cch	NOUN
ftr-476	648	12	)	)	PUNCT
ftr-476	648	13	1668	1668	NUM
ftr-476	648	14	,	,	PUNCT
ftr-476	648	15	1672	1672	NUM
ftr-476	648	16	,	,	PUNCT
ftr-476	648	17	t.c	t.c	PROPN
ftr-476	648	18	.	.	PROPN
ftr-476	648	19	memo	memo	NOUN
ftr-476	648	20	(	(	PUNCT
ftr-476	648	21	p	p	NOUN
ftr-476	648	22	-	-	PUNCT
ftr-476	648	23	h	h	NOUN
ftr-476	648	24	)	)	PUNCT
ftr-476	648	25	91,651	91,651	NUM
ftr-476	648	26	(	(	PUNCT
ftr-476	648	27	1991	1991	NUM
ftr-476	648	28	)	)	PUNCT
ftr-476	648	29	(	(	PUNCT
ftr-476	648	30	defining	define	VERB
ftr-476	648	31	"	"	PUNCT
ftr-476	648	32	nonrecourse	nonrecourse	NOUN
ftr-476	648	33	"	"	PUNCT
ftr-476	648	34	to	to	PART
ftr-476	648	35	mean	mean	VERB
ftr-476	648	36	that	that	SCONJ
ftr-476	648	37	the	the	DET
ftr-476	648	38	lienor	lienor	NOUN
ftr-476	648	39	may	may	AUX
ftr-476	648	40	look	look	VERB
ftr-476	648	41	only	only	ADV
ftr-476	648	42	to	to	ADP
ftr-476	648	43	the	the	DET
ftr-476	648	44	property	property	NOUN
ftr-476	648	45	and	and	CCONJ
ftr-476	648	46	can	can	AUX
ftr-476	648	47	not	not	PART
ftr-476	648	48	look	look	VERB
ftr-476	648	49	to	to	ADP
ftr-476	648	50	the	the	DET
ftr-476	648	51	debtor	debtor	NOUN
ftr-476	648	52	)	)	PUNCT
ftr-476	648	53	.	.	PUNCT
ftr-476	649	1	107	107	NUM
ftr-476	649	2	.	.	PUNCT
ftr-476	650	1	regulations	regulation	NOUN
ftr-476	650	2	§	§	PROPN
ftr-476	650	3	1.1001	1.1001	NUM
ftr-476	650	4	-	-	PUNCT
ftr-476	650	5	2(a)(4)(i	2(a)(4)(i	NUM
ftr-476	650	6	)	)	PUNCT
ftr-476	650	7	states	state	VERB
ftr-476	650	8	that	that	SCONJ
ftr-476	650	9	the	the	DET
ftr-476	650	10	sale	sale	NOUN
ftr-476	650	11	of	of	ADP
ftr-476	650	12	property	property	NOUN
ftr-476	650	13	subject	subject	NOUN
ftr-476	650	14	to	to	ADP
ftr-476	650	15	nonrecourse	nonrecourse	NOUN
ftr-476	650	16	debt	debt	NOUN
ftr-476	650	17	discharges	discharge	NOUN
ftr-476	650	18	the	the	DET
ftr-476	650	19	transferor	transferor	NOUN
ftr-476	650	20	from	from	ADP
ftr-476	650	21	the	the	DET
ftr-476	650	22	liability	liability	NOUN
ftr-476	650	23	,	,	PUNCT
ftr-476	650	24	which	which	PRON
ftr-476	650	25	is	be	AUX
ftr-476	650	26	therefore	therefore	ADV
ftr-476	650	27	included	include	VERB
ftr-476	650	28	in	in	ADP
ftr-476	650	29	the	the	DET
ftr-476	650	30	amount	amount	NOUN
ftr-476	650	31	realized	realize	VERB
ftr-476	650	32	on	on	ADP
ftr-476	650	33	the	the	DET
ftr-476	650	34	sale	sale	NOUN
ftr-476	650	35	.	.	PUNCT
ftr-476	651	1	this	this	DET
ftr-476	651	2	regulation	regulation	NOUN
ftr-476	651	3	should	should	AUX
ftr-476	651	4	be	be	AUX
ftr-476	651	5	read	read	VERB
ftr-476	651	6	no	no	ADV
ftr-476	651	7	more	more	ADV
ftr-476	651	8	literally	literally	ADV
ftr-476	651	9	than	than	ADP
ftr-476	651	10	§	§	PROPN
ftr-476	651	11	15a.4531	15a.4531	NUM
ftr-476	651	12	(	(	PUNCT
ftr-476	651	13	b)(3)(ii	b)(3)(ii	PROPN
ftr-476	651	14	)	)	PUNCT
ftr-476	651	15	.	.	PUNCT
ftr-476	652	1	the	the	DET
ftr-476	652	2	regulation	regulation	NOUN
ftr-476	652	3	examples	example	NOUN
ftr-476	652	4	make	make	VERB
ftr-476	652	5	clear	clear	ADJ
ftr-476	652	6	that	that	SCONJ
ftr-476	652	7	it	it	PRON
ftr-476	652	8	applies	apply	VERB
ftr-476	652	9	the	the	DET
ftr-476	652	10	"	"	PUNCT
ftr-476	652	11	subject	subject	NOUN
ftr-476	652	12	to	to	ADP
ftr-476	652	13	"	"	PUNCT
ftr-476	652	14	concept	concept	NOUN
ftr-476	652	15	.	.	PUNCT
ftr-476	653	1	regs	regs	PROPN
ftr-476	653	2	.	.	PUNCT
ftr-476	654	1	§	§	PROPN
ftr-476	654	2	1.1001	1.1001	NUM
ftr-476	654	3	-	-	SYM
ftr-476	654	4	2(c	2(c	NUM
ftr-476	654	5	)	)	PUNCT
ftr-476	654	6	exs	exs	PROPN
ftr-476	654	7	.	.	PROPN
ftr-476	654	8	2	2	NUM
ftr-476	654	9	,	,	PUNCT
ftr-476	654	10	4	4	NUM
ftr-476	654	11	,	,	PUNCT
ftr-476	654	12	6	6	NUM
ftr-476	654	13	.	.	PUNCT
ftr-476	655	1	if	if	SCONJ
ftr-476	655	2	recourse	recourse	VERB
ftr-476	655	3	debt	debt	NOUN
ftr-476	655	4	encumbering	encumber	VERB
ftr-476	655	5	property	property	NOUN
ftr-476	655	6	can	can	AUX
ftr-476	655	7	be	be	AUX
ftr-476	655	8	eliminated	eliminate	VERB
ftr-476	655	9	from	from	ADP
ftr-476	655	10	the	the	DET
ftr-476	655	11	"	"	PUNCT
ftr-476	655	12	subject	subject	NOUN
ftr-476	655	13	to	to	ADP
ftr-476	655	14	"	"	PUNCT
ftr-476	655	15	category	category	NOUN
ftr-476	655	16	by	by	ADP
ftr-476	655	17	failing	fail	VERB
ftr-476	655	18	to	to	PART
ftr-476	655	19	have	have	VERB
ftr-476	655	20	the	the	DET
ftr-476	655	21	buyer	buyer	NOUN
ftr-476	655	22	to	to	PART
ftr-476	655	23	assume	assume	VERB
ftr-476	655	24	it	it	PRON
ftr-476	655	25	,	,	PUNCT
ftr-476	655	26	nonrecourse	nonrecourse	ADJ
ftr-476	655	27	debt	debt	NOUN
ftr-476	655	28	should	should	AUX
ftr-476	655	29	have	have	VERB
ftr-476	655	30	the	the	DET
ftr-476	655	31	same	same	ADJ
ftr-476	655	32	treatment	treatment	NOUN
ftr-476	655	33	.	.	PUNCT
ftr-476	656	1	tufts	tuft	NOUN
ftr-476	656	2	stands	stand	VERB
ftr-476	656	3	for	for	ADP
ftr-476	656	4	the	the	DET
ftr-476	656	5	proposition	proposition	NOUN
ftr-476	656	6	that	that	PRON
ftr-476	656	7	recourse	recourse	VERB
ftr-476	656	8	and	and	CCONJ
ftr-476	656	9	nonrecourse	nonrecourse	NOUN
ftr-476	656	10	debt	debt	NOUN
ftr-476	656	11	should	should	AUX
ftr-476	656	12	receive	receive	VERB
ftr-476	656	13	the	the	DET
ftr-476	656	14	same	same	ADJ
ftr-476	656	15	treatment	treatment	NOUN
ftr-476	656	16	under	under	ADP
ftr-476	656	17	§	§	PROPN
ftr-476	656	18	1001	1001	NUM
ftr-476	656	19	(	(	PUNCT
ftr-476	656	20	although	although	SCONJ
ftr-476	656	21	recourse	recourse	NOUN
ftr-476	656	22	debt	debt	NOUN
ftr-476	656	23	discharge	discharge	NOUN
ftr-476	656	24	can	can	AUX
ftr-476	656	25	be	be	AUX
ftr-476	656	26	bifurcated	bifurcate	VERB
ftr-476	656	27	between	between	ADP
ftr-476	656	28	discharge	discharge	NOUN
ftr-476	656	29	of	of	ADP
ftr-476	656	30	indebtedness	indebtedness	NOUN
ftr-476	656	31	and	and	CCONJ
ftr-476	656	32	sale	sale	NOUN
ftr-476	656	33	proceeds	proceed	NOUN
ftr-476	656	34	,	,	PUNCT
ftr-476	656	35	while	while	SCONJ
ftr-476	656	36	nonrecourse	nonrecourse	ADJ
ftr-476	656	37	debt	debt	NOUN
ftr-476	656	38	can	can	AUX
ftr-476	656	39	not	not	PART
ftr-476	656	40	)	)	PUNCT
ftr-476	656	41	.	.	PUNCT
ftr-476	657	1	tufts	tuft	NOUN
ftr-476	657	2	v.	v.	ADP
ftr-476	657	3	commissioner	commissioner	PROPN
ftr-476	657	4	,	,	PUNCT
ftr-476	657	5	461	461	NUM
ftr-476	657	6	u.s	u.s	PROPN
ftr-476	657	7	.	.	PROPN
ftr-476	657	8	300	300	NUM
ftr-476	657	9	,	,	PUNCT
ftr-476	657	10	311	311	NUM
ftr-476	657	11	-	-	SYM
ftr-476	657	12	12	12	NUM
ftr-476	657	13	,	,	PUNCT
ftr-476	657	14	reh'g	reh'g	NOUN
ftr-476	657	15	denied	deny	VERB
ftr-476	657	16	,	,	PUNCT
ftr-476	658	1	463	463	NUM
ftr-476	658	2	u.s	u.s	PROPN
ftr-476	658	3	.	.	PROPN
ftr-476	658	4	1215	1215	NUM
ftr-476	658	5	(	(	PUNCT
ftr-476	658	6	1983	1983	NUM
ftr-476	658	7	)	)	PUNCT
ftr-476	658	8	.	.	PUNCT
ftr-476	659	1	see	see	VERB
ftr-476	659	2	marvin	marvin	PROPN
ftr-476	659	3	a.	a.	PROPN
ftr-476	659	4	chirelstein	chirelstein	PROPN
ftr-476	659	5	,	,	PUNCT
ftr-476	659	6	federal	federal	ADJ
ftr-476	659	7	income	income	NOUN
ftr-476	659	8	taxation	taxation	NOUN
ftr-476	659	9	:	:	PUNCT
ftr-476	659	10	a	a	DET
ftr-476	659	11	law	law	NOUN
ftr-476	659	12	student	student	NOUN
ftr-476	659	13	's	's	PART
ftr-476	659	14	guide	guide	NOUN
ftr-476	659	15	to	to	ADP
ftr-476	659	16	the	the	DET
ftr-476	659	17	leading	lead	VERB
ftr-476	659	18	cases	case	NOUN
ftr-476	659	19	and	and	CCONJ
ftr-476	659	20	concepts	concept	NOUN
ftr-476	659	21	270	270	NUM
ftr-476	659	22	(	(	PUNCT
ftr-476	659	23	6th	6th	ADJ
ftr-476	659	24	ed	ed	NOUN
ftr-476	659	25	.	.	PROPN
ftr-476	659	26	1991	1991	NUM
ftr-476	659	27	)	)	PUNCT
ftr-476	659	28	(	(	PUNCT
ftr-476	659	29	"	"	PUNCT
ftr-476	659	30	in	in	ADP
ftr-476	659	31	effect	effect	NOUN
ftr-476	659	32	,	,	PUNCT
ftr-476	659	33	borrowing	borrow	VERB
ftr-476	659	34	with	with	ADP
ftr-476	659	35	personal	personal	ADJ
ftr-476	659	36	liability	liability	NOUN
ftr-476	659	37	and	and	CCONJ
ftr-476	659	38	borrowing	borrowing	NOUN
ftr-476	659	39	without	without	ADP
ftr-476	659	40	personal	personal	ADJ
ftr-476	659	41	liability	liability	NOUN
ftr-476	659	42	are	be	AUX
ftr-476	659	43	to	to	PART
ftr-476	659	44	be	be	AUX
ftr-476	659	45	treated	treat	VERB
ftr-476	659	46	alike	alike	ADV
ftr-476	659	47	for	for	ADP
ftr-476	659	48	"	"	PUNCT
ftr-476	659	49	purposes	purpose	NOUN
ftr-476	659	50	of	of	ADP
ftr-476	659	51	§	§	PROPN
ftr-476	659	52	1001	1001	NUM
ftr-476	659	53	)	)	PUNCT
ftr-476	659	54	.	.	PUNCT
ftr-476	660	1	108	108	NUM
ftr-476	660	2	.	.	PUNCT
ftr-476	661	1	owen	owen	PROPN
ftr-476	661	2	v.	v.	PROPN
ftr-476	661	3	commissioner	commissioner	PROPN
ftr-476	661	4	,	,	PUNCT
ftr-476	661	5	881	881	NUM
ftr-476	661	6	f.2d	f.2d	SYM
ftr-476	661	7	832	832	NUM
ftr-476	661	8	(	(	PUNCT
ftr-476	661	9	9th	9th	ADJ
ftr-476	661	10	cir	cir	NOUN
ftr-476	661	11	.	.	PROPN
ftr-476	661	12	1989	1989	NUM
ftr-476	661	13	)	)	PUNCT
ftr-476	661	14	,	,	PUNCT
ftr-476	661	15	cert	cert	PROPN
ftr-476	661	16	.	.	PUNCT
ftr-476	662	1	denied	deny	VERB
ftr-476	662	2	,	,	PUNCT
ftr-476	662	3	493	493	NUM
ftr-476	662	4	u.s	u.s	PROPN
ftr-476	662	5	.	.	PROPN
ftr-476	662	6	1070	1070	NUM
ftr-476	662	7	(	(	PUNCT
ftr-476	662	8	1990	1990	NUM
ftr-476	662	9	)	)	PUNCT
ftr-476	662	10	.	.	PUNCT
ftr-476	663	1	109	109	NUM
ftr-476	663	2	.	.	PUNCT
ftr-476	663	3	smith	smith	PROPN
ftr-476	663	4	,	,	PUNCT
ftr-476	663	5	84	84	NUM
ftr-476	663	6	t.c	t.c	PROPN
ftr-476	663	7	.	.	PUNCT
ftr-476	664	1	at	at	ADP
ftr-476	664	2	889	889	NUM
ftr-476	664	3	.	.	PUNCT
ftr-476	665	1	[	[	X
ftr-476	665	2	vol	vol	NOUN
ftr-476	665	3	2:5	2:5	NUM
ftr-476	665	4	zero	zero	NUM
ftr-476	665	5	basis	basis	NOUN
ftr-476	665	6	hoar	hoar	NOUN
ftr-476	665	7	these	these	DET
ftr-476	665	8	business	business	NOUN
ftr-476	665	9	problems	problem	NOUN
ftr-476	665	10	may	may	AUX
ftr-476	665	11	be	be	AUX
ftr-476	665	12	for	for	SCONJ
ftr-476	665	13	the	the	DET
ftr-476	665	14	transferor	transferor	NOUN
ftr-476	665	15	to	to	PART
ftr-476	665	16	make	make	VERB
ftr-476	665	17	a	a	DET
ftr-476	665	18	personal	personal	ADJ
ftr-476	665	19	promise	promise	NOUN
ftr-476	665	20	to	to	PART
ftr-476	665	21	pay	pay	VERB
ftr-476	665	22	the	the	DET
ftr-476	665	23	corporation	corporation	NOUN
ftr-476	665	24	an	an	DET
ftr-476	665	25	amount	amount	NOUN
ftr-476	665	26	equal	equal	ADJ
ftr-476	665	27	to	to	ADP
ftr-476	665	28	the	the	DET
ftr-476	665	29	excess	excess	ADJ
ftr-476	665	30	debt	debt	NOUN
ftr-476	665	31	and	and	CCONJ
ftr-476	665	32	to	to	PART
ftr-476	665	33	have	have	VERB
ftr-476	665	34	the	the	DET
ftr-476	665	35	corporation	corporation	NOUN
ftr-476	665	36	make	make	VERB
ftr-476	665	37	all	all	DET
ftr-476	665	38	payments	payment	NOUN
ftr-476	665	39	to	to	ADP
ftr-476	665	40	the	the	DET
ftr-476	665	41	outside	outside	ADJ
ftr-476	665	42	creditors	creditor	NOUN
ftr-476	665	43	.	.	PUNCT
ftr-476	666	1	should	should	AUX
ftr-476	666	2	the	the	DET
ftr-476	666	3	transferor	transferor	NOUN
ftr-476	666	4	be	be	AUX
ftr-476	666	5	treated	treat	VERB
ftr-476	666	6	as	as	ADP
ftr-476	666	7	retaining	retain	VERB
ftr-476	666	8	liability	liability	NOUN
ftr-476	666	9	for	for	ADP
ftr-476	666	10	the	the	DET
ftr-476	666	11	desired	desire	VERB
ftr-476	666	12	amount	amount	NOUN
ftr-476	666	13	if	if	SCONJ
ftr-476	666	14	,	,	PUNCT
ftr-476	666	15	at	at	ADP
ftr-476	666	16	the	the	DET
ftr-476	666	17	time	time	NOUN
ftr-476	666	18	of	of	ADP
ftr-476	666	19	the	the	DET
ftr-476	666	20	incorporation	incorporation	NOUN
ftr-476	666	21	,	,	PUNCT
ftr-476	666	22	the	the	DET
ftr-476	666	23	transferor	transferor	NOUN
ftr-476	666	24	issues	issue	VERB
ftr-476	666	25	a	a	DET
ftr-476	666	26	note	note	NOUN
ftr-476	666	27	to	to	ADP
ftr-476	666	28	the	the	DET
ftr-476	666	29	corporation	corporation	NOUN
ftr-476	666	30	for	for	ADP
ftr-476	666	31	the	the	DET
ftr-476	666	32	amount	amount	NOUN
ftr-476	666	33	,	,	PUNCT
ftr-476	666	34	the	the	DET
ftr-476	666	35	note	note	NOUN
ftr-476	666	36	requires	require	VERB
ftr-476	666	37	payments	payment	NOUN
ftr-476	666	38	roughly	roughly	ADV
ftr-476	666	39	parallel	parallel	ADJ
ftr-476	666	40	to	to	ADP
ftr-476	666	41	the	the	DET
ftr-476	666	42	corporation	corporation	NOUN
ftr-476	666	43	's	's	PART
ftr-476	666	44	obligations	obligation	NOUN
ftr-476	666	45	under	under	ADP
ftr-476	666	46	the	the	DET
ftr-476	666	47	assumed	assume	VERB
ftr-476	666	48	debts	debt	NOUN
ftr-476	666	49	,	,	PUNCT
ftr-476	666	50	and	and	CCONJ
ftr-476	666	51	the	the	DET
ftr-476	666	52	transferor	transferor	NOUN
ftr-476	666	53	is	be	AUX
ftr-476	666	54	punctilious	punctilious	ADJ
ftr-476	666	55	in	in	ADP
ftr-476	666	56	meeting	meet	VERB
ftr-476	666	57	obligations	obligation	NOUN
ftr-476	666	58	under	under	ADP
ftr-476	666	59	the	the	DET
ftr-476	666	60	note	note	NOUN
ftr-476	666	61	?	?	PUNCT
ftr-476	667	1	it	it	PRON
ftr-476	667	2	seems	seem	VERB
ftr-476	667	3	harsher	harsh	ADJ
ftr-476	667	4	to	to	PART
ftr-476	667	5	deny	deny	VERB
ftr-476	667	6	effect	effect	NOUN
ftr-476	667	7	to	to	ADP
ftr-476	667	8	this	this	DET
ftr-476	667	9	arrangement	arrangement	NOUN
ftr-476	667	10	than	than	SCONJ
ftr-476	667	11	was	be	AUX
ftr-476	667	12	the	the	DET
ftr-476	667	13	tax	tax	NOUN
ftr-476	667	14	court	court	NOUN
ftr-476	667	15	's	's	PART
ftr-476	667	16	action	action	NOUN
ftr-476	667	17	in	in	ADP
ftr-476	667	18	lessinger	lessinger	NOUN
ftr-476	667	19	.	.	PUNCT
ftr-476	668	1	nevertheless	nevertheless	ADV
ftr-476	668	2	,	,	PUNCT
ftr-476	668	3	it	it	PRON
ftr-476	668	4	is	be	AUX
ftr-476	668	5	a	a	DET
ftr-476	668	6	borderline	borderline	NOUN
ftr-476	668	7	,	,	PUNCT
ftr-476	668	8	facts	fact	VERB
ftr-476	668	9	dependent	dependent	ADJ
ftr-476	668	10	case	case	NOUN
ftr-476	668	11	that	that	PRON
ftr-476	668	12	tests	test	VERB
ftr-476	668	13	the	the	DET
ftr-476	668	14	bounds	bound	NOUN
ftr-476	668	15	of	of	ADP
ftr-476	668	16	the	the	DET
ftr-476	668	17	techniques	technique	NOUN
ftr-476	668	18	advocated	advocate	VERB
ftr-476	668	19	above	above	ADV
ftr-476	668	20	.	.	PUNCT
ftr-476	669	1	v.	v.	ADP
ftr-476	669	2	an	an	DET
ftr-476	669	3	obligation	obligation	NOUN
ftr-476	669	4	given	give	VERB
ftr-476	669	5	with	with	ADP
ftr-476	669	6	a	a	DET
ftr-476	669	7	section	section	NOUN
ftr-476	669	8	351	351	NUM
ftr-476	669	9	exchange	exchange	NOUN
ftr-476	669	10	can	can	AUX
ftr-476	669	11	be	be	AUX
ftr-476	669	12	characterized	characterize	VERB
ftr-476	669	13	as	as	ADP
ftr-476	669	14	a	a	DET
ftr-476	669	15	purchase	purchase	NOUN
ftr-476	669	16	money	money	NOUN
ftr-476	669	17	obligation	obligation	NOUN
ftr-476	669	18	to	to	PART
ftr-476	669	19	make	make	VERB
ftr-476	669	20	a	a	DET
ftr-476	669	21	contingent	contingent	ADJ
ftr-476	669	22	contribution	contribution	NOUN
ftr-476	669	23	to	to	ADP
ftr-476	669	24	capital	capital	NOUN
ftr-476	669	25	a.	a.	NOUN
ftr-476	669	26	overview	overview	NOUN
ftr-476	669	27	having	having	AUX
ftr-476	669	28	shown	show	VERB
ftr-476	669	29	how	how	SCONJ
ftr-476	669	30	the	the	DET
ftr-476	669	31	section	section	NOUN
ftr-476	669	32	357(c	357(c	PROPN
ftr-476	669	33	)	)	PUNCT
ftr-476	669	34	problem	problem	NOUN
ftr-476	669	35	can	can	AUX
ftr-476	669	36	be	be	AUX
ftr-476	669	37	resolved	resolve	VERB
ftr-476	669	38	without	without	ADP
ftr-476	669	39	according	accord	VERB
ftr-476	669	40	basis	basis	NOUN
ftr-476	669	41	to	to	ADP
ftr-476	669	42	the	the	DET
ftr-476	669	43	section	section	NOUN
ftr-476	669	44	351	351	NUM
ftr-476	669	45	transferor	transferor	NOUN
ftr-476	669	46	's	's	PART
ftr-476	669	47	obligation	obligation	NOUN
ftr-476	669	48	,	,	PUNCT
ftr-476	669	49	we	we	PRON
ftr-476	669	50	turn	turn	VERB
ftr-476	669	51	to	to	ADP
ftr-476	669	52	the	the	DET
ftr-476	669	53	broader	broad	ADJ
ftr-476	669	54	issue	issue	NOUN
ftr-476	669	55	of	of	ADP
ftr-476	669	56	the	the	DET
ftr-476	669	57	basis	basis	NOUN
ftr-476	669	58	effects	effect	NOUN
ftr-476	669	59	of	of	ADP
ftr-476	669	60	that	that	DET
ftr-476	669	61	obligation	obligation	NOUN
ftr-476	669	62	,	,	PUNCT
ftr-476	669	63	outside	outside	ADP
ftr-476	669	64	the	the	DET
ftr-476	669	65	narrow	narrow	ADJ
ftr-476	669	66	scope	scope	NOUN
ftr-476	669	67	of	of	ADP
ftr-476	669	68	section	section	NOUN
ftr-476	669	69	357(c	357(c	PROPN
ftr-476	669	70	)	)	PUNCT
ftr-476	669	71	.	.	PUNCT
ftr-476	670	1	to	to	PART
ftr-476	670	2	do	do	VERB
ftr-476	670	3	so	so	ADV
ftr-476	670	4	,	,	PUNCT
ftr-476	670	5	we	we	PRON
ftr-476	670	6	must	must	AUX
ftr-476	670	7	focus	focus	VERB
ftr-476	670	8	on	on	ADP
ftr-476	670	9	the	the	DET
ftr-476	670	10	difference	difference	NOUN
ftr-476	670	11	between	between	ADP
ftr-476	670	12	acquisitions	acquisition	NOUN
ftr-476	670	13	of	of	ADP
ftr-476	670	14	property	property	NOUN
ftr-476	670	15	by	by	ADP
ftr-476	670	16	purchase	purchase	NOUN
ftr-476	670	17	and	and	CCONJ
ftr-476	670	18	acquisitions	acquisition	NOUN
ftr-476	670	19	in	in	ADP
ftr-476	670	20	nonrecognition	nonrecognition	NOUN
ftr-476	670	21	,	,	PUNCT
ftr-476	670	22	substituted	substitute	VERB
ftr-476	670	23	basis	basis	NOUN
ftr-476	670	24	exchanges	exchange	NOUN
ftr-476	670	25	.	.	PUNCT
ftr-476	671	1	a	a	DET
ftr-476	671	2	purchase	purchase	NOUN
ftr-476	671	3	transaction	transaction	NOUN
ftr-476	671	4	is	be	AUX
ftr-476	671	5	one	one	NUM
ftr-476	671	6	in	in	ADP
ftr-476	671	7	which	which	PRON
ftr-476	671	8	property	property	NOUN
ftr-476	671	9	is	be	AUX
ftr-476	671	10	acquired	acquire	VERB
ftr-476	671	11	in	in	ADP
ftr-476	671	12	a	a	DET
ftr-476	671	13	way	way	NOUN
ftr-476	671	14	that	that	PRON
ftr-476	671	15	obtains	obtain	VERB
ftr-476	671	16	for	for	ADP
ftr-476	671	17	the	the	DET
ftr-476	671	18	purchaser	purchaser	NOUN
ftr-476	671	19	a	a	DET
ftr-476	671	20	"	"	PUNCT
ftr-476	671	21	cost	cost	NOUN
ftr-476	671	22	"	"	PUNCT
ftr-476	671	23	basis	basis	NOUN
ftr-476	671	24	for	for	ADP
ftr-476	671	25	the	the	DET
ftr-476	671	26	property	property	NOUN
ftr-476	671	27	under	under	ADP
ftr-476	671	28	section	section	NOUN
ftr-476	671	29	1012	1012	NUM
ftr-476	671	30	.	.	PUNCT
ftr-476	672	1	n1	n1	ADJ
ftr-476	672	2	a	a	DET
ftr-476	672	3	purchase	purchase	NOUN
ftr-476	672	4	can	can	AUX
ftr-476	672	5	be	be	AUX
ftr-476	672	6	accomplished	accomplish	VERB
ftr-476	672	7	by	by	ADP
ftr-476	672	8	the	the	DET
ftr-476	672	9	acquiror	acquiror	NOUN
ftr-476	672	10	paying	pay	VERB
ftr-476	672	11	cash	cash	NOUN
ftr-476	672	12	,	,	PUNCT
ftr-476	672	13	giving	give	VERB
ftr-476	672	14	a	a	DET
ftr-476	672	15	purchase	purchase	NOUN
ftr-476	672	16	money	money	NOUN
ftr-476	672	17	obligation	obligation	NOUN
ftr-476	672	18	,	,	PUNCT
ftr-476	672	19	exchanging	exchange	VERB
ftr-476	672	20	property	property	NOUN
ftr-476	672	21	for	for	ADP
ftr-476	672	22	property	property	NOUN
ftr-476	672	23	in	in	ADP
ftr-476	672	24	a	a	DET
ftr-476	672	25	taxable	taxable	ADJ
ftr-476	672	26	transaction	transaction	NOUN
ftr-476	672	27	,	,	PUNCT
ftr-476	672	28	or	or	CCONJ
ftr-476	672	29	recognizing	recognize	VERB
ftr-476	672	30	the	the	DET
ftr-476	672	31	value	value	NOUN
ftr-476	672	32	of	of	ADP
ftr-476	672	33	the	the	DET
ftr-476	672	34	acquired	acquire	VERB
ftr-476	672	35	property	property	NOUN
ftr-476	672	36	as	as	ADP
ftr-476	672	37	income	income	NOUN
ftr-476	672	38	.	.	PUNCT
ftr-476	672	39	'	'	PUNCT
ftr-476	673	1	for	for	ADP
ftr-476	673	2	example	example	NOUN
ftr-476	673	3	,	,	PUNCT
ftr-476	673	4	property	property	NOUN
ftr-476	673	5	received	receive	VERB
ftr-476	673	6	as	as	ADP
ftr-476	673	7	compensation	compensation	NOUN
ftr-476	673	8	for	for	ADP
ftr-476	673	9	services	service	NOUN
ftr-476	673	10	takes	take	VERB
ftr-476	673	11	a	a	DET
ftr-476	673	12	basis	basis	NOUN
ftr-476	673	13	equal	equal	ADJ
ftr-476	673	14	to	to	ADP
ftr-476	673	15	the	the	DET
ftr-476	673	16	gross	gross	ADJ
ftr-476	673	17	income	income	NOUN
ftr-476	673	18	recognized	recognize	VERB
ftr-476	673	19	on	on	ADP
ftr-476	673	20	the	the	DET
ftr-476	673	21	property	property	NOUN
ftr-476	673	22	's	's	PART
ftr-476	673	23	receipt	receipt	NOUN
ftr-476	673	24	(	(	PUNCT
ftr-476	673	25	often	often	ADV
ftr-476	673	26	called	call	VERB
ftr-476	673	27	a	a	DET
ftr-476	673	28	tax	tax	NOUN
ftr-476	673	29	cost	cost	NOUN
ftr-476	673	30	basis	basis	NOUN
ftr-476	673	31	)	)	PUNCT
ftr-476	673	32	.	.	PUNCT
ftr-476	674	1	12	12	NUM
ftr-476	674	2	conversely	conversely	ADV
ftr-476	674	3	,	,	PUNCT
ftr-476	674	4	in	in	ADP
ftr-476	674	5	a	a	DET
ftr-476	674	6	nonrecognition	nonrecognition	NOUN
ftr-476	674	7	,	,	PUNCT
ftr-476	674	8	substituted	substitute	VERB
ftr-476	674	9	basis	basis	NOUN
ftr-476	674	10	exchange	exchange	NOUN
ftr-476	674	11	,	,	PUNCT
ftr-476	674	12	the	the	DET
ftr-476	674	13	basis	basis	NOUN
ftr-476	674	14	in	in	ADP
ftr-476	674	15	the	the	DET
ftr-476	674	16	acquired	acquire	VERB
ftr-476	674	17	property	property	NOUN
ftr-476	674	18	is	be	AUX
ftr-476	674	19	either	either	CCONJ
ftr-476	674	20	the	the	DET
ftr-476	674	21	exchanged	exchange	VERB
ftr-476	674	22	basis	basis	NOUN
ftr-476	674	23	of	of	ADP
ftr-476	674	24	property	property	NOUN
ftr-476	674	25	transferred	transfer	VERB
ftr-476	674	26	by	by	ADP
ftr-476	674	27	the	the	DET
ftr-476	674	28	taxpayer	taxpayer	NOUN
ftr-476	674	29	or	or	CCONJ
ftr-476	674	30	the	the	DET
ftr-476	674	31	transferred	transfer	VERB
ftr-476	674	32	basis	basis	NOUN
ftr-476	674	33	of	of	ADP
ftr-476	674	34	the	the	DET
ftr-476	674	35	other	other	ADJ
ftr-476	674	36	party	party	NOUN
ftr-476	674	37	to	to	ADP
ftr-476	674	38	the	the	DET
ftr-476	674	39	exchange	exchange	NOUN
ftr-476	674	40	for	for	ADP
ftr-476	674	41	the	the	DET
ftr-476	674	42	property	property	NOUN
ftr-476	674	43	received	receive	VERB
ftr-476	674	44	.	.	PUNCT
ftr-476	675	1	'13	'13	NUM
ftr-476	675	2	we	we	PRON
ftr-476	675	3	have	have	AUX
ftr-476	675	4	seen	see	VERB
ftr-476	675	5	above	above	ADP
ftr-476	675	6	that	that	PRON
ftr-476	675	7	an	an	DET
ftr-476	675	8	obligation	obligation	NOUN
ftr-476	675	9	issued	issue	VERB
ftr-476	675	10	by	by	ADP
ftr-476	675	11	the	the	DET
ftr-476	675	12	transferor	transferor	NOUN
ftr-476	675	13	in	in	ADP
ftr-476	675	14	a	a	DET
ftr-476	675	15	section	section	NOUN
ftr-476	675	16	351	351	NUM
ftr-476	675	17	exchange	exchange	NOUN
ftr-476	675	18	transaction	transaction	NOUN
ftr-476	675	19	should	should	AUX
ftr-476	675	20	not	not	PART
ftr-476	675	21	be	be	AUX
ftr-476	675	22	considered	consider	VERB
ftr-476	675	23	property	property	NOUN
ftr-476	675	24	given	give	VERB
ftr-476	675	25	in	in	ADP
ftr-476	675	26	110	110	NUM
ftr-476	675	27	.	.	PUNCT
ftr-476	676	1	see	see	VERB
ftr-476	676	2	irc	irc	ADV
ftr-476	676	3	§	§	PROPN
ftr-476	676	4	338(h)(3	338(h)(3	NOUN
ftr-476	676	5	)	)	PUNCT
ftr-476	676	6	(	(	PUNCT
ftr-476	676	7	defining	define	VERB
ftr-476	676	8	purchase	purchase	NOUN
ftr-476	676	9	in	in	ADP
ftr-476	676	10	this	this	DET
ftr-476	676	11	manner	manner	NOUN
ftr-476	676	12	for	for	ADP
ftr-476	676	13	purposes	purpose	NOUN
ftr-476	676	14	of	of	ADP
ftr-476	676	15	the	the	DET
ftr-476	676	16	§	§	ADJ
ftr-476	676	17	338	338	NUM
ftr-476	676	18	election	election	NOUN
ftr-476	676	19	)	)	PUNCT
ftr-476	676	20	;	;	PUNCT
ftr-476	676	21	§	§	PROPN
ftr-476	676	22	1033(a)(2)(a)(ii	1033(a)(2)(a)(ii	NUM
ftr-476	676	23	)	)	PUNCT
ftr-476	676	24	(	(	PUNCT
ftr-476	676	25	defining	define	VERB
ftr-476	676	26	purchase	purchase	NOUN
ftr-476	676	27	in	in	ADP
ftr-476	676	28	this	this	DET
ftr-476	676	29	manner	manner	NOUN
ftr-476	676	30	for	for	ADP
ftr-476	676	31	purposes	purpose	NOUN
ftr-476	676	32	of	of	ADP
ftr-476	676	33	§	§	PROPN
ftr-476	676	34	1033	1033	NUM
ftr-476	676	35	)	)	PUNCT
ftr-476	676	36	.	.	PUNCT
ftr-476	677	1	111	111	NUM
ftr-476	677	2	.	.	PUNCT
ftr-476	677	3	see	see	VERB
ftr-476	677	4	generally	generally	ADV
ftr-476	677	5	cummings	cummings	PROPN
ftr-476	677	6	,	,	PUNCT
ftr-476	677	7	supra	supra	PROPN
ftr-476	677	8	note	note	NOUN
ftr-476	677	9	32	32	NUM
ftr-476	677	10	.	.	PUNCT
ftr-476	678	1	at	at	ADP
ftr-476	678	2	118	118	NUM
ftr-476	678	3	-	-	SYM
ftr-476	678	4	22	22	NUM
ftr-476	678	5	.	.	PUNCT
ftr-476	679	1	112	112	NUM
ftr-476	679	2	.	.	PUNCT
ftr-476	679	3	regs	regs	PROPN
ftr-476	679	4	.	.	PUNCT
ftr-476	680	1	§	§	PROPN
ftr-476	680	2	1.83	1.83	NUM
ftr-476	680	3	-	-	PUNCT
ftr-476	680	4	4(b)(1	4(b)(1	NUM
ftr-476	680	5	)	)	PUNCT
ftr-476	680	6	.	.	PUNCT
ftr-476	681	1	113	113	NUM
ftr-476	681	2	.	.	PUNCT
ftr-476	681	3	see	see	VERB
ftr-476	681	4	irc	irc	PROPN
ftr-476	681	5	§	§	PROPN
ftr-476	681	6	7701(a)(42	7701(a)(42	PROPN
ftr-476	681	7	)	)	PUNCT
ftr-476	681	8	(	(	PUNCT
ftr-476	681	9	defining	define	VERB
ftr-476	681	10	"	"	PUNCT
ftr-476	681	11	substituted	substitute	VERB
ftr-476	681	12	basis	basis	NOUN
ftr-476	681	13	property	property	NOUN
ftr-476	681	14	"	"	PUNCT
ftr-476	681	15	)	)	PUNCT
ftr-476	681	16	.	.	PUNCT
ftr-476	682	1	19941	19941	NUM
ftr-476	682	2	florida	florida	PROPN
ftr-476	682	3	tax	tax	PROPN
ftr-476	682	4	review	review	NOUN
ftr-476	682	5	that	that	DET
ftr-476	682	6	exchange	exchange	NOUN
ftr-476	682	7	.	.	PUNCT
ftr-476	683	1	the	the	DET
ftr-476	683	2	alternative	alternative	NOUN
ftr-476	683	3	is	be	AUX
ftr-476	683	4	to	to	PART
ftr-476	683	5	treat	treat	VERB
ftr-476	683	6	the	the	DET
ftr-476	683	7	obligation	obligation	NOUN
ftr-476	683	8	as	as	ADP
ftr-476	683	9	a	a	DET
ftr-476	683	10	purchase	purchase	NOUN
ftr-476	683	11	money	money	NOUN
ftr-476	683	12	obligation	obligation	NOUN
ftr-476	683	13	.	.	PUNCT
ftr-476	684	1	indeed	indeed	ADV
ftr-476	684	2	,	,	PUNCT
ftr-476	684	3	obligations	obligation	NOUN
ftr-476	684	4	issued	issue	VERB
ftr-476	684	5	for	for	ADP
ftr-476	684	6	stock	stock	NOUN
ftr-476	684	7	outside	outside	ADP
ftr-476	684	8	section	section	NOUN
ftr-476	684	9	351	351	NUM
ftr-476	684	10	are	be	AUX
ftr-476	684	11	treated	treat	VERB
ftr-476	684	12	as	as	ADP
ftr-476	684	13	purchase	purchase	NOUN
ftr-476	684	14	money	money	NOUN
ftr-476	684	15	obligations	obligation	NOUN
ftr-476	684	16	,	,	PUNCT
ftr-476	684	17	as	as	SCONJ
ftr-476	684	18	discussed	discuss	VERB
ftr-476	684	19	below	below	ADV
ftr-476	684	20	in	in	ADP
ftr-476	684	21	part	part	NOUN
ftr-476	684	22	v.b	v.b	PROPN
ftr-476	684	23	.	.	PROPN
ftr-476	685	1	when	when	SCONJ
ftr-476	685	2	the	the	DET
ftr-476	685	3	obligation	obligation	NOUN
ftr-476	685	4	is	be	AUX
ftr-476	685	5	given	give	VERB
ftr-476	685	6	with	with	ADP
ftr-476	685	7	a	a	DET
ftr-476	685	8	section	section	NOUN
ftr-476	685	9	351	351	NUM
ftr-476	685	10	exchange	exchange	NOUN
ftr-476	685	11	,	,	PUNCT
ftr-476	685	12	it	it	PRON
ftr-476	685	13	also	also	ADV
ftr-476	685	14	can	can	AUX
ftr-476	685	15	and	and	CCONJ
ftr-476	685	16	probably	probably	ADV
ftr-476	685	17	should	should	AUX
ftr-476	685	18	be	be	AUX
ftr-476	685	19	treated	treat	VERB
ftr-476	685	20	as	as	ADP
ftr-476	685	21	given	give	VERB
ftr-476	685	22	in	in	ADP
ftr-476	685	23	a	a	DET
ftr-476	685	24	type	type	NOUN
ftr-476	685	25	of	of	ADP
ftr-476	685	26	purchase	purchase	NOUN
ftr-476	685	27	in	in	ADP
ftr-476	685	28	which	which	PRON
ftr-476	685	29	the	the	DET
ftr-476	685	30	usual	usual	ADJ
ftr-476	685	31	basis	basis	NOUN
ftr-476	685	32	acquired	acquire	VERB
ftr-476	685	33	by	by	ADP
ftr-476	685	34	a	a	DET
ftr-476	685	35	purchase	purchase	NOUN
ftr-476	685	36	money	money	NOUN
ftr-476	685	37	obligation	obligation	NOUN
ftr-476	685	38	is	be	AUX
ftr-476	685	39	deferred	defer	VERB
ftr-476	685	40	until	until	ADP
ftr-476	685	41	payment	payment	NOUN
ftr-476	685	42	because	because	SCONJ
ftr-476	685	43	the	the	DET
ftr-476	685	44	obligation	obligation	NOUN
ftr-476	685	45	is	be	AUX
ftr-476	685	46	viewed	view	VERB
ftr-476	685	47	as	as	ADP
ftr-476	685	48	contingent	contingent	NOUN
ftr-476	685	49	.	.	PUNCT
ftr-476	686	1	the	the	DET
ftr-476	686	2	commentators	commentator	NOUN
ftr-476	686	3	'	'	PART
ftr-476	686	4	dislike	dislike	NOUN
ftr-476	686	5	of	of	ADP
ftr-476	686	6	zero	zero	NUM
ftr-476	686	7	basis	basis	NOUN
ftr-476	686	8	for	for	ADP
ftr-476	686	9	the	the	DET
ftr-476	686	10	transferor	transferor	NOUN
ftr-476	686	11	's	's	PART
ftr-476	686	12	obligation	obligation	NOUN
ftr-476	686	13	stems	stem	VERB
ftr-476	686	14	principally	principally	ADV
ftr-476	686	15	from	from	ADP
ftr-476	686	16	the	the	DET
ftr-476	686	17	absence	absence	NOUN
ftr-476	686	18	of	of	ADP
ftr-476	686	19	purchase	purchase	NOUN
ftr-476	686	20	treatment	treatment	NOUN
ftr-476	686	21	of	of	ADP
ftr-476	686	22	the	the	DET
ftr-476	686	23	transaction	transaction	NOUN
ftr-476	686	24	.	.	PUNCT
ftr-476	687	1	without	without	ADP
ftr-476	687	2	purchase	purchase	NOUN
ftr-476	687	3	treatment	treatment	NOUN
ftr-476	687	4	,	,	PUNCT
ftr-476	687	5	phantom	phantom	ADJ
ftr-476	687	6	gain	gain	NOUN
ftr-476	687	7	is	be	AUX
ftr-476	687	8	built	build	VERB
ftr-476	687	9	into	into	ADP
ftr-476	687	10	stock	stock	NOUN
ftr-476	687	11	acquired	acquire	VERB
ftr-476	687	12	for	for	ADP
ftr-476	687	13	an	an	DET
ftr-476	687	14	obligation	obligation	NOUN
ftr-476	687	15	in	in	ADP
ftr-476	687	16	a	a	DET
ftr-476	687	17	section	section	NOUN
ftr-476	687	18	351	351	NUM
ftr-476	687	19	exchange	exchange	NOUN
ftr-476	687	20	,	,	PUNCT
ftr-476	687	21	and	and	CCONJ
ftr-476	687	22	phantom	phantom	ADJ
ftr-476	687	23	gain	gain	NOUN
ftr-476	687	24	is	be	AUX
ftr-476	687	25	also	also	ADV
ftr-476	687	26	built	build	VERB
ftr-476	687	27	into	into	ADP
ftr-476	687	28	the	the	DET
ftr-476	687	29	obligation	obligation	NOUN
ftr-476	687	30	in	in	ADP
ftr-476	687	31	the	the	DET
ftr-476	687	32	corporation	corporation	NOUN
ftr-476	687	33	's	's	PART
ftr-476	687	34	hands	hand	NOUN
ftr-476	687	35	.	.	PUNCT
ftr-476	687	36	"	"	PUNCT
ftr-476	688	1	4	4	NUM
ftr-476	688	2	assume	assume	VERB
ftr-476	688	3	t	t	NOUN
ftr-476	688	4	receives	receive	VERB
ftr-476	688	5	100	100	NUM
ftr-476	688	6	shares	share	NOUN
ftr-476	688	7	of	of	ADP
ftr-476	688	8	x	x	PROPN
ftr-476	688	9	corp	corp	PROPN
ftr-476	688	10	.	.	PROPN
ftr-476	688	11	stock	stock	PROPN
ftr-476	688	12	in	in	ADP
ftr-476	688	13	exchange	exchange	NOUN
ftr-476	688	14	for	for	ADP
ftr-476	688	15	t	t	PROPN
ftr-476	688	16	's	's	PART
ftr-476	688	17	$	$	SYM
ftr-476	688	18	100	100	NUM
ftr-476	688	19	note	note	NOUN
ftr-476	688	20	.	.	PUNCT
ftr-476	689	1	if	if	SCONJ
ftr-476	689	2	the	the	DET
ftr-476	689	3	obligation	obligation	NOUN
ftr-476	689	4	is	be	AUX
ftr-476	689	5	section	section	NOUN
ftr-476	689	6	351	351	NUM
ftr-476	689	7	"	"	PUNCT
ftr-476	689	8	property	property	NOUN
ftr-476	689	9	"	"	PUNCT
ftr-476	689	10	with	with	ADP
ftr-476	689	11	a	a	DET
ftr-476	689	12	zero	zero	NUM
ftr-476	689	13	basis	basis	NOUN
ftr-476	689	14	and	and	CCONJ
ftr-476	689	15	a	a	DET
ftr-476	689	16	value	value	NOUN
ftr-476	689	17	of	of	ADP
ftr-476	689	18	$	$	SYM
ftr-476	689	19	100	100	NUM
ftr-476	689	20	,	,	PUNCT
ftr-476	689	21	t	t	PROPN
ftr-476	689	22	has	have	VERB
ftr-476	689	23	a	a	DET
ftr-476	689	24	zero	zero	NUM
ftr-476	689	25	basis	basis	NOUN
ftr-476	689	26	for	for	ADP
ftr-476	689	27	the	the	DET
ftr-476	689	28	stock	stock	NOUN
ftr-476	689	29	and	and	CCONJ
ftr-476	689	30	will	will	AUX
ftr-476	689	31	recognize	recognize	VERB
ftr-476	689	32	$	$	SYM
ftr-476	689	33	100	100	NUM
ftr-476	689	34	of	of	ADP
ftr-476	689	35	gain	gain	NOUN
ftr-476	689	36	on	on	ADP
ftr-476	689	37	selling	sell	VERB
ftr-476	689	38	it	it	PRON
ftr-476	689	39	for	for	ADP
ftr-476	689	40	$	$	SYM
ftr-476	689	41	100	100	NUM
ftr-476	689	42	.	.	PUNCT
ftr-476	690	1	x	x	PUNCT
ftr-476	690	2	holds	hold	VERB
ftr-476	690	3	t	t	PROPN
ftr-476	690	4	's	's	PART
ftr-476	690	5	obligation	obligation	NOUN
ftr-476	690	6	with	with	ADP
ftr-476	690	7	a	a	DET
ftr-476	690	8	zero	zero	NUM
ftr-476	690	9	basis	basis	NOUN
ftr-476	690	10	and	and	CCONJ
ftr-476	690	11	will	will	AUX
ftr-476	690	12	recognize	recognize	VERB
ftr-476	690	13	$	$	SYM
ftr-476	690	14	100	100	NUM
ftr-476	690	15	of	of	ADP
ftr-476	690	16	gain	gain	NOUN
ftr-476	690	17	on	on	ADP
ftr-476	690	18	factoring	factor	VERB
ftr-476	690	19	it	it	PRON
ftr-476	690	20	for	for	ADP
ftr-476	690	21	$	$	SYM
ftr-476	690	22	100	100	NUM
ftr-476	690	23	.	.	PUNCT
ftr-476	691	1	while	while	SCONJ
ftr-476	691	2	this	this	DET
ftr-476	691	3	double	double	ADJ
ftr-476	691	4	phantom	phantom	ADJ
ftr-476	691	5	gain	gain	NOUN
ftr-476	691	6	could	could	AUX
ftr-476	691	7	be	be	AUX
ftr-476	691	8	eliminated	eliminate	VERB
ftr-476	691	9	by	by	ADP
ftr-476	691	10	according	accord	VERB
ftr-476	691	11	basis	basis	NOUN
ftr-476	691	12	to	to	ADP
ftr-476	691	13	the	the	DET
ftr-476	691	14	obligation	obligation	NOUN
ftr-476	691	15	in	in	ADP
ftr-476	691	16	the	the	DET
ftr-476	691	17	obligor	obligor	NOUN
ftr-476	691	18	's	's	PART
ftr-476	691	19	hands	hand	NOUN
ftr-476	691	20	equal	equal	ADJ
ftr-476	691	21	to	to	ADP
ftr-476	691	22	the	the	DET
ftr-476	691	23	face	face	NOUN
ftr-476	691	24	amount	amount	NOUN
ftr-476	691	25	,	,	PUNCT
ftr-476	691	26	more	more	ADV
ftr-476	691	27	fundamentally	fundamentally	ADV
ftr-476	691	28	,	,	PUNCT
ftr-476	691	29	this	this	DET
ftr-476	691	30	potential	potential	ADJ
ftr-476	691	31	gain	gain	NOUN
ftr-476	691	32	flows	flow	VERB
ftr-476	691	33	from	from	ADP
ftr-476	691	34	the	the	DET
ftr-476	691	35	failure	failure	NOUN
ftr-476	691	36	to	to	PART
ftr-476	691	37	treat	treat	VERB
ftr-476	691	38	the	the	DET
ftr-476	691	39	issuance	issuance	NOUN
ftr-476	691	40	of	of	ADP
ftr-476	691	41	the	the	DET
ftr-476	691	42	obligation	obligation	NOUN
ftr-476	691	43	as	as	ADP
ftr-476	691	44	a	a	DET
ftr-476	691	45	purchase	purchase	NOUN
ftr-476	691	46	.	.	PUNCT
ftr-476	692	1	the	the	DET
ftr-476	692	2	reasons	reason	NOUN
ftr-476	692	3	for	for	ADP
ftr-476	692	4	that	that	DET
ftr-476	692	5	failure	failure	NOUN
ftr-476	692	6	have	have	AUX
ftr-476	692	7	not	not	PART
ftr-476	692	8	been	be	AUX
ftr-476	692	9	made	make	VERB
ftr-476	692	10	clear	clear	ADJ
ftr-476	692	11	,	,	PUNCT
ftr-476	692	12	and	and	CCONJ
ftr-476	692	13	therein	therein	ADV
ftr-476	692	14	lies	lie	VERB
ftr-476	692	15	the	the	DET
ftr-476	692	16	root	root	NOUN
ftr-476	692	17	of	of	ADP
ftr-476	692	18	most	most	ADJ
ftr-476	692	19	of	of	ADP
ftr-476	692	20	the	the	DET
ftr-476	692	21	confusion	confusion	NOUN
ftr-476	692	22	about	about	ADP
ftr-476	692	23	the	the	DET
ftr-476	692	24	lessinger	lessinger	ADJ
ftr-476	692	25	case	case	NOUN
ftr-476	692	26	.	.	PUNCT
ftr-476	693	1	b.	b.	PROPN
ftr-476	693	2	treatment	treatment	NOUN
ftr-476	693	3	of	of	ADP
ftr-476	693	4	obligations	obligation	NOUN
ftr-476	693	5	issued	issue	VERB
ftr-476	693	6	for	for	ADP
ftr-476	693	7	stock	stock	NOUN
ftr-476	693	8	outside	outside	ADJ
ftr-476	693	9	section	section	NOUN
ftr-476	693	10	351	351	NUM
ftr-476	693	11	a	a	DET
ftr-476	693	12	transferor	transferor	NOUN
ftr-476	693	13	who	who	PRON
ftr-476	693	14	is	be	AUX
ftr-476	693	15	not	not	PART
ftr-476	693	16	a	a	DET
ftr-476	693	17	controlling	control	VERB
ftr-476	693	18	person	person	NOUN
ftr-476	693	19	under	under	ADP
ftr-476	693	20	section	section	NOUN
ftr-476	693	21	351	351	NUM
ftr-476	693	22	takes	take	VERB
ftr-476	693	23	a	a	DET
ftr-476	693	24	cost	cost	NOUN
ftr-476	693	25	basis	basis	NOUN
ftr-476	693	26	for	for	ADP
ftr-476	693	27	stock	stock	NOUN
ftr-476	693	28	purchased	purchase	VERB
ftr-476	693	29	in	in	ADP
ftr-476	693	30	exchange	exchange	NOUN
ftr-476	693	31	for	for	ADP
ftr-476	693	32	the	the	DET
ftr-476	693	33	transferor	transferor	NOUN
ftr-476	693	34	's	's	PART
ftr-476	693	35	obligation	obligation	NOUN
ftr-476	693	36	,	,	PUNCT
ftr-476	693	37	and	and	CCONJ
ftr-476	693	38	the	the	DET
ftr-476	693	39	corporation	corporation	NOUN
ftr-476	693	40	's	's	PART
ftr-476	693	41	basis	basis	NOUN
ftr-476	693	42	for	for	ADP
ftr-476	693	43	the	the	DET
ftr-476	693	44	obligation	obligation	NOUN
ftr-476	693	45	equals	equal	VERB
ftr-476	693	46	the	the	DET
ftr-476	693	47	value	value	NOUN
ftr-476	693	48	of	of	ADP
ftr-476	693	49	the	the	DET
ftr-476	693	50	stock	stock	NOUN
ftr-476	693	51	given	give	VERB
ftr-476	693	52	.	.	PUNCT
ftr-476	694	1	1	1	NUM
ftr-476	694	2	5	5	NUM
ftr-476	694	3	should	should	AUX
ftr-476	694	4	these	these	DET
ftr-476	694	5	purchase	purchase	NOUN
ftr-476	694	6	rules	rule	NOUN
ftr-476	694	7	also	also	ADV
ftr-476	694	8	apply	apply	VERB
ftr-476	694	9	when	when	SCONJ
ftr-476	694	10	the	the	DET
ftr-476	694	11	obligation	obligation	NOUN
ftr-476	694	12	is	be	AUX
ftr-476	694	13	114	114	NUM
ftr-476	694	14	.	.	PUNCT
ftr-476	695	1	thus	thus	ADV
ftr-476	695	2	,	,	PUNCT
ftr-476	695	3	brewer	brewer	NOUN
ftr-476	695	4	focused	focus	VERB
ftr-476	695	5	on	on	ADP
ftr-476	695	6	problems	problem	NOUN
ftr-476	695	7	"	"	PUNCT
ftr-476	695	8	outside	outside	ADP
ftr-476	695	9	the	the	DET
ftr-476	695	10	section	section	NOUN
ftr-476	695	11	357(c	357(c	PROPN
ftr-476	695	12	)	)	PUNCT
ftr-476	695	13	context	context	NOUN
ftr-476	695	14	.	.	PUNCT
ftr-476	695	15	"	"	PUNCT
ftr-476	696	1	brewer	brewer	NOUN
ftr-476	696	2	,	,	PUNCT
ftr-476	696	3	supra	supra	PROPN
ftr-476	696	4	note	note	NOUN
ftr-476	696	5	2	2	NUM
ftr-476	696	6	,	,	PUNCT
ftr-476	696	7	at	at	ADP
ftr-476	696	8	459	459	NUM
ftr-476	696	9	.	.	PUNCT
ftr-476	696	10	115	115	NUM
ftr-476	696	11	.	.	PUNCT
ftr-476	697	1	there	there	PRON
ftr-476	697	2	is	be	VERB
ftr-476	697	3	little	little	ADJ
ftr-476	697	4	direct	direct	ADJ
ftr-476	697	5	authority	authority	NOUN
ftr-476	697	6	on	on	ADP
ftr-476	697	7	non-351	non-351	NOUN
ftr-476	697	8	obligation	obligation	NOUN
ftr-476	697	9	-	-	PUNCT
ftr-476	697	10	for	for	ADP
ftr-476	697	11	-	-	PUNCT
ftr-476	697	12	stock	stock	NOUN
ftr-476	697	13	exchanges	exchange	NOUN
ftr-476	697	14	,	,	PUNCT
ftr-476	697	15	under	under	ADP
ftr-476	697	16	general	general	ADJ
ftr-476	697	17	tax	tax	NOUN
ftr-476	697	18	principles	principle	NOUN
ftr-476	697	19	on	on	ADP
ftr-476	697	20	purchase	purchase	NOUN
ftr-476	697	21	money	money	NOUN
ftr-476	697	22	debt	debt	NOUN
ftr-476	697	23	,	,	PUNCT
ftr-476	697	24	the	the	DET
ftr-476	697	25	shareholder	shareholder	NOUN
ftr-476	697	26	should	should	AUX
ftr-476	697	27	take	take	VERB
ftr-476	697	28	a	a	DET
ftr-476	697	29	cost	cost	NOUN
ftr-476	697	30	basis	basis	NOUN
ftr-476	697	31	equal	equal	ADJ
ftr-476	697	32	to	to	ADP
ftr-476	697	33	the	the	DET
ftr-476	697	34	amount	amount	NOUN
ftr-476	697	35	of	of	ADP
ftr-476	697	36	the	the	DET
ftr-476	697	37	note	note	NOUN
ftr-476	697	38	because	because	SCONJ
ftr-476	697	39	there	there	PRON
ftr-476	697	40	is	be	VERB
ftr-476	697	41	no	no	DET
ftr-476	697	42	reason	reason	NOUN
ftr-476	697	43	to	to	PART
ftr-476	697	44	treat	treat	VERB
ftr-476	697	45	newly	newly	ADV
ftr-476	697	46	issued	issue	VERB
ftr-476	697	47	stock	stock	NOUN
ftr-476	697	48	differently	differently	ADV
ftr-476	697	49	from	from	ADP
ftr-476	697	50	any	any	DET
ftr-476	697	51	other	other	ADJ
ftr-476	697	52	type	type	NOUN
ftr-476	697	53	of	of	ADP
ftr-476	697	54	property	property	NOUN
ftr-476	697	55	.	.	PUNCT
ftr-476	698	1	see	see	VERB
ftr-476	698	2	parker	parker	PROPN
ftr-476	698	3	v.	v.	ADP
ftr-476	698	4	delaney	delaney	PROPN
ftr-476	698	5	,	,	PUNCT
ftr-476	698	6	186	186	NUM
ftr-476	698	7	f.2d	f.2d	ADP
ftr-476	698	8	455	455	NUM
ftr-476	698	9	,	,	PUNCT
ftr-476	698	10	458	458	NUM
ftr-476	698	11	(	(	PUNCT
ftr-476	698	12	1	1	NUM
ftr-476	698	13	st	st	PROPN
ftr-476	698	14	cir	cir	PROPN
ftr-476	698	15	.	.	PROPN
ftr-476	698	16	1950	1950	NUM
ftr-476	698	17	)	)	PUNCT
ftr-476	698	18	,	,	PUNCT
ftr-476	698	19	cert	cert	PROPN
ftr-476	698	20	.	.	PUNCT
ftr-476	699	1	denied	deny	VERB
ftr-476	699	2	,	,	PUNCT
ftr-476	699	3	341	341	NUM
ftr-476	699	4	u.s	u.s	PROPN
ftr-476	699	5	.	.	PROPN
ftr-476	699	6	926	926	NUM
ftr-476	699	7	(	(	PUNCT
ftr-476	699	8	1951	1951	NUM
ftr-476	699	9	)	)	PUNCT
ftr-476	699	10	;	;	PUNCT
ftr-476	699	11	mayerson	mayerson	PROPN
ftr-476	699	12	v.	v.	PROPN
ftr-476	699	13	commissioner	commissioner	PROPN
ftr-476	699	14	,	,	PUNCT
ftr-476	699	15	47	47	NUM
ftr-476	699	16	t.c	t.c	PROPN
ftr-476	699	17	.	.	PROPN
ftr-476	699	18	340	340	NUM
ftr-476	699	19	,	,	PUNCT
ftr-476	699	20	351	351	NUM
ftr-476	699	21	-	-	SYM
ftr-476	699	22	52	52	NUM
ftr-476	699	23	(	(	PUNCT
ftr-476	699	24	1966	1966	NUM
ftr-476	699	25	)	)	PUNCT
ftr-476	699	26	.	.	PUNCT
ftr-476	700	1	the	the	DET
ftr-476	700	2	loss	loss	NOUN
ftr-476	700	3	limitations	limitation	NOUN
ftr-476	700	4	,	,	PUNCT
ftr-476	700	5	discussed	discuss	VERB
ftr-476	700	6	infra	infra	NOUN
ftr-476	700	7	part	part	NOUN
ftr-476	700	8	v.c.2	v.c.2	ADJ
ftr-476	700	9	,	,	PUNCT
ftr-476	700	10	necessarily	necessarily	ADV
ftr-476	700	11	imply	imply	VERB
ftr-476	700	12	that	that	SCONJ
ftr-476	700	13	the	the	DET
ftr-476	700	14	stock	stock	NOUN
ftr-476	700	15	has	have	VERB
ftr-476	700	16	basis	basis	NOUN
ftr-476	700	17	and	and	CCONJ
ftr-476	700	18	that	that	SCONJ
ftr-476	700	19	this	this	DET
ftr-476	700	20	basis	basis	NOUN
ftr-476	700	21	could	could	AUX
ftr-476	700	22	be	be	AUX
ftr-476	700	23	deducted	deduct	VERB
ftr-476	700	24	as	as	ADP
ftr-476	700	25	a	a	DET
ftr-476	700	26	loss	loss	NOUN
ftr-476	700	27	but	but	CCONJ
ftr-476	700	28	for	for	ADP
ftr-476	700	29	the	the	DET
ftr-476	700	30	limitations	limitation	NOUN
ftr-476	700	31	.	.	PUNCT
ftr-476	701	1	indirect	indirect	ADJ
ftr-476	701	2	authority	authority	NOUN
ftr-476	701	3	appears	appear	VERB
ftr-476	701	4	in	in	ADP
ftr-476	701	5	g.c.m	g.c.m	NOUN
ftr-476	701	6	.	.	PROPN
ftr-476	701	7	33937	33937	NUM
ftr-476	701	8	(	(	PUNCT
ftr-476	701	9	sept	sept	PROPN
ftr-476	701	10	.	.	PROPN
ftr-476	701	11	30	30	NUM
ftr-476	701	12	,	,	PUNCT
ftr-476	701	13	1968	1968	NUM
ftr-476	701	14	)	)	PUNCT
ftr-476	701	15	,	,	PUNCT
ftr-476	701	16	stating	state	VERB
ftr-476	701	17	that	that	SCONJ
ftr-476	701	18	an	an	DET
ftr-476	701	19	obligation	obligation	NOUN
ftr-476	701	20	to	to	PART
ftr-476	701	21	make	make	VERB
ftr-476	701	22	future	future	ADJ
ftr-476	701	23	payments	payment	NOUN
ftr-476	701	24	can	can	AUX
ftr-476	701	25	affect	affect	VERB
ftr-476	701	26	the	the	DET
ftr-476	701	27	basis	basis	NOUN
ftr-476	701	28	of	of	ADP
ftr-476	701	29	stock	stock	NOUN
ftr-476	701	30	acquired	acquire	VERB
ftr-476	701	31	in	in	ADP
ftr-476	701	32	recognition	recognition	NOUN
ftr-476	701	33	transactions	transaction	NOUN
ftr-476	701	34	.	.	PUNCT
ftr-476	702	1	general	general	ADJ
ftr-476	702	2	tax	tax	NOUN
ftr-476	702	3	principles	principle	NOUN
ftr-476	702	4	may	may	AUX
ftr-476	702	5	be	be	AUX
ftr-476	702	6	less	less	ADV
ftr-476	702	7	helpful	helpful	ADJ
ftr-476	702	8	in	in	ADP
ftr-476	702	9	determining	determine	VERB
ftr-476	702	10	the	the	DET
ftr-476	702	11	corporation	corporation	NOUN
ftr-476	702	12	's	's	PART
ftr-476	702	13	basis	basis	NOUN
ftr-476	702	14	for	for	ADP
ftr-476	702	15	the	the	DET
ftr-476	702	16	shareholder	shareholder	NOUN
ftr-476	702	17	's	's	PART
ftr-476	702	18	obligation	obligation	NOUN
ftr-476	702	19	because	because	SCONJ
ftr-476	702	20	the	the	DET
ftr-476	702	21	issuance	issuance	NOUN
ftr-476	702	22	of	of	ADP
ftr-476	702	23	the	the	DET
ftr-476	702	24	stock	stock	NOUN
ftr-476	702	25	is	be	AUX
ftr-476	702	26	a	a	DET
ftr-476	702	27	nonrecognition	nonrecognition	NOUN
ftr-476	702	28	transaction	transaction	NOUN
ftr-476	702	29	[	[	X
ftr-476	702	30	vol	vol	NOUN
ftr-476	702	31	2:5	2:5	NUM
ftr-476	702	32	zero	zero	NUM
ftr-476	702	33	basis	basis	NOUN
ftr-476	702	34	hoar	hoar	NOUN
ftr-476	702	35	given	give	VERB
ftr-476	702	36	by	by	ADP
ftr-476	702	37	a	a	DET
ftr-476	702	38	section	section	NOUN
ftr-476	702	39	351	351	NUM
ftr-476	702	40	transferor	transferor	NOUN
ftr-476	702	41	?	?	PUNCT
ftr-476	703	1	when	when	SCONJ
ftr-476	703	2	appreciated	appreciated	ADJ
ftr-476	703	3	property	property	NOUN
ftr-476	703	4	is	be	AUX
ftr-476	703	5	transferred	transfer	VERB
ftr-476	703	6	in	in	ADP
ftr-476	703	7	exchange	exchange	NOUN
ftr-476	703	8	for	for	ADP
ftr-476	703	9	stock	stock	NOUN
ftr-476	703	10	in	in	ADP
ftr-476	703	11	a	a	DET
ftr-476	703	12	section	section	NOUN
ftr-476	703	13	351	351	NUM
ftr-476	703	14	transaction	transaction	NOUN
ftr-476	703	15	,	,	PUNCT
ftr-476	703	16	the	the	DET
ftr-476	703	17	property	property	NOUN
ftr-476	703	18	's	's	PART
ftr-476	703	19	basis	basis	NOUN
ftr-476	703	20	,	,	PUNCT
ftr-476	703	21	not	not	PART
ftr-476	703	22	its	its	PRON
ftr-476	703	23	fair	fair	ADJ
ftr-476	703	24	market	market	NOUN
ftr-476	703	25	value	value	NOUN
ftr-476	703	26	,	,	PUNCT
ftr-476	703	27	becomes	become	VERB
ftr-476	703	28	the	the	DET
ftr-476	703	29	corporation	corporation	NOUN
ftr-476	703	30	's	's	PART
ftr-476	703	31	basis	basis	NOUN
ftr-476	703	32	for	for	ADP
ftr-476	703	33	the	the	DET
ftr-476	703	34	property	property	NOUN
ftr-476	703	35	and	and	CCONJ
ftr-476	703	36	the	the	DET
ftr-476	703	37	shareholder	shareholder	NOUN
ftr-476	703	38	's	's	PART
ftr-476	703	39	basis	basis	NOUN
ftr-476	703	40	for	for	ADP
ftr-476	703	41	the	the	DET
ftr-476	703	42	stock	stock	NOUN
ftr-476	703	43	received	receive	VERB
ftr-476	703	44	in	in	ADP
ftr-476	703	45	exchange	exchange	NOUN
ftr-476	703	46	.	.	PUNCT
ftr-476	704	1	16	16	NUM
ftr-476	704	2	basis	basis	NOUN
ftr-476	704	3	is	be	AUX
ftr-476	704	4	not	not	PART
ftr-476	704	5	stepped	step	VERB
ftr-476	704	6	up	up	ADP
ftr-476	704	7	to	to	PART
ftr-476	704	8	include	include	VERB
ftr-476	704	9	gain	gain	NOUN
ftr-476	704	10	realized	realize	VERB
ftr-476	704	11	in	in	ADP
ftr-476	704	12	the	the	DET
ftr-476	704	13	exchange	exchange	NOUN
ftr-476	704	14	because	because	SCONJ
ftr-476	704	15	that	that	DET
ftr-476	704	16	gain	gain	NOUN
ftr-476	704	17	goes	goes	AUX
ftr-476	704	18	unrecognized	unrecognize	VERB
ftr-476	704	19	under	under	ADP
ftr-476	704	20	the	the	DET
ftr-476	704	21	good	good	ADJ
ftr-476	704	22	graces	grace	NOUN
ftr-476	704	23	of	of	ADP
ftr-476	704	24	section	section	NOUN
ftr-476	704	25	351	351	NUM
ftr-476	704	26	;	;	PUNCT
ftr-476	704	27	the	the	DET
ftr-476	704	28	section	section	NOUN
ftr-476	704	29	351	351	NUM
ftr-476	704	30	nonrecognition	nonrecognition	NOUN
ftr-476	704	31	rule	rule	NOUN
ftr-476	704	32	justifies	justify	VERB
ftr-476	704	33	not	not	PART
ftr-476	704	34	treating	treat	VERB
ftr-476	704	35	the	the	DET
ftr-476	704	36	section	section	NOUN
ftr-476	704	37	351	351	NUM
ftr-476	704	38	exchange	exchange	NOUN
ftr-476	704	39	as	as	ADP
ftr-476	704	40	a	a	DET
ftr-476	704	41	purchase	purchase	NOUN
ftr-476	704	42	.	.	PUNCT
ftr-476	705	1	however	however	ADV
ftr-476	705	2	,	,	PUNCT
ftr-476	705	3	the	the	DET
ftr-476	705	4	nonrecognition	nonrecognition	NOUN
ftr-476	705	5	rule	rule	NOUN
ftr-476	705	6	of	of	ADP
ftr-476	705	7	section	section	NOUN
ftr-476	705	8	351	351	NUM
ftr-476	705	9	is	be	AUX
ftr-476	705	10	not	not	PART
ftr-476	705	11	the	the	DET
ftr-476	705	12	source	source	NOUN
ftr-476	705	13	of	of	ADP
ftr-476	705	14	the	the	DET
ftr-476	705	15	nonrecognition	nonrecognition	NOUN
ftr-476	705	16	enjoyed	enjoy	VERB
ftr-476	705	17	by	by	ADP
ftr-476	705	18	an	an	DET
ftr-476	705	19	obligor	obligor	NOUN
ftr-476	705	20	who	who	PRON
ftr-476	705	21	issues	issue	VERB
ftr-476	705	22	a	a	DET
ftr-476	705	23	note	note	NOUN
ftr-476	705	24	for	for	ADP
ftr-476	705	25	value	value	NOUN
ftr-476	705	26	.	.	PUNCT
ftr-476	706	1	rather	rather	ADV
ftr-476	706	2	,	,	PUNCT
ftr-476	706	3	the	the	DET
ftr-476	706	4	obligor	obligor	NOUN
ftr-476	706	5	depends	depend	VERB
ftr-476	706	6	on	on	ADP
ftr-476	706	7	the	the	DET
ftr-476	706	8	more	more	ADV
ftr-476	706	9	general	general	ADJ
ftr-476	706	10	rule	rule	NOUN
ftr-476	706	11	that	that	SCONJ
ftr-476	706	12	no	no	DET
ftr-476	706	13	gain	gain	NOUN
ftr-476	706	14	or	or	CCONJ
ftr-476	706	15	loss	loss	NOUN
ftr-476	706	16	is	be	AUX
ftr-476	706	17	realized	realize	VERB
ftr-476	706	18	upon	upon	SCONJ
ftr-476	706	19	issuance	issuance	NOUN
ftr-476	706	20	of	of	ADP
ftr-476	706	21	an	an	DET
ftr-476	706	22	obligation	obligation	NOUN
ftr-476	706	23	.	.	PUNCT
ftr-476	707	1	l	l	NOUN
ftr-476	707	2	i7	i7	NOUN
ftr-476	707	3	consequently	consequently	ADV
ftr-476	707	4	,	,	PUNCT
ftr-476	707	5	there	there	PRON
ftr-476	707	6	appears	appear	VERB
ftr-476	707	7	to	to	PART
ftr-476	707	8	be	be	AUX
ftr-476	707	9	no	no	DET
ftr-476	707	10	reason	reason	NOUN
ftr-476	707	11	inherent	inherent	ADJ
ftr-476	707	12	in	in	ADP
ftr-476	707	13	the	the	DET
ftr-476	707	14	gain	gain	NOUN
ftr-476	707	15	-	-	PUNCT
ftr-476	707	16	orloss	orloss	NOUN
ftr-476	707	17	deferral	deferral	ADJ
ftr-476	707	18	/	/	SYM
ftr-476	707	19	carryover	carryover	NOUN
ftr-476	707	20	basis	basis	NOUN
ftr-476	707	21	system	system	NOUN
ftr-476	707	22	of	of	ADP
ftr-476	707	23	sections	section	NOUN
ftr-476	707	24	351	351	NUM
ftr-476	707	25	,	,	PUNCT
ftr-476	707	26	358	358	NUM
ftr-476	707	27	,	,	PUNCT
ftr-476	707	28	and	and	CCONJ
ftr-476	707	29	362	362	NUM
ftr-476	707	30	for	for	ADP
ftr-476	707	31	denying	deny	VERB
ftr-476	707	32	a	a	DET
ftr-476	707	33	cost	cost	NOUN
ftr-476	707	34	basis	basis	NOUN
ftr-476	707	35	to	to	ADP
ftr-476	707	36	a	a	DET
ftr-476	707	37	section	section	NOUN
ftr-476	707	38	351	351	NUM
ftr-476	707	39	controlling	control	VERB
ftr-476	707	40	transferor	transferor	NOUN
ftr-476	707	41	for	for	ADP
ftr-476	707	42	stock	stock	NOUN
ftr-476	707	43	received	receive	VERB
ftr-476	707	44	in	in	ADP
ftr-476	707	45	exchange	exchange	NOUN
ftr-476	707	46	for	for	ADP
ftr-476	707	47	the	the	DET
ftr-476	707	48	transferor	transferor	NOUN
ftr-476	707	49	's	's	PART
ftr-476	707	50	note	note	NOUN
ftr-476	707	51	.	.	PUNCT
ftr-476	708	1	furthermore	furthermore	ADV
ftr-476	708	2	,	,	PUNCT
ftr-476	708	3	there	there	PRON
ftr-476	708	4	are	be	VERB
ftr-476	708	5	special	special	ADJ
ftr-476	708	6	rules	rule	NOUN
ftr-476	708	7	that	that	PRON
ftr-476	708	8	apply	apply	VERB
ftr-476	708	9	to	to	ADP
ftr-476	708	10	purchases	purchase	NOUN
ftr-476	708	11	of	of	ADP
ftr-476	708	12	stock	stock	NOUN
ftr-476	708	13	by	by	ADP
ftr-476	708	14	exchange	exchange	NOUN
ftr-476	708	15	of	of	ADP
ftr-476	708	16	obligation	obligation	NOUN
ftr-476	708	17	that	that	PRON
ftr-476	708	18	prevent	prevent	VERB
ftr-476	708	19	certain	certain	ADJ
ftr-476	708	20	abuses	abuse	NOUN
ftr-476	708	21	.	.	PUNCT
ftr-476	709	1	after	after	ADP
ftr-476	709	2	reviewing	review	VERB
ftr-476	709	3	these	these	DET
ftr-476	709	4	loss	loss	NOUN
ftr-476	709	5	limitation	limitation	NOUN
ftr-476	709	6	rules	rule	NOUN
ftr-476	709	7	,	,	PUNCT
ftr-476	709	8	we	we	PRON
ftr-476	709	9	return	return	VERB
ftr-476	709	10	in	in	ADP
ftr-476	709	11	part	part	NOUN
ftr-476	710	1	v.c	v.c	INTJ
ftr-476	710	2	below	below	ADV
ftr-476	710	3	to	to	PART
ftr-476	710	4	section	section	VERB
ftr-476	710	5	351	351	NUM
ftr-476	710	6	and	and	CCONJ
ftr-476	710	7	show	show	VERB
ftr-476	710	8	that	that	SCONJ
ftr-476	710	9	it	it	PRON
ftr-476	710	10	can	can	AUX
ftr-476	710	11	be	be	AUX
ftr-476	710	12	viewed	view	VERB
ftr-476	710	13	as	as	ADP
ftr-476	710	14	precluding	preclude	VERB
ftr-476	710	15	the	the	DET
ftr-476	710	16	normal	normal	ADJ
ftr-476	710	17	purchase	purchase	NOUN
ftr-476	710	18	treatment	treatment	NOUN
ftr-476	710	19	of	of	ADP
ftr-476	710	20	a	a	DET
ftr-476	710	21	transferor	transferor	NOUN
ftr-476	710	22	's	's	PART
ftr-476	710	23	obligation	obligation	NOUN
ftr-476	710	24	,	,	PUNCT
ftr-476	710	25	but	but	CCONJ
ftr-476	710	26	for	for	ADP
ftr-476	710	27	another	another	DET
ftr-476	710	28	reason	reason	NOUN
ftr-476	710	29	.	.	PUNCT
ftr-476	711	1	there	there	PRON
ftr-476	711	2	are	be	VERB
ftr-476	711	3	other	other	ADJ
ftr-476	711	4	rules	rule	NOUN
ftr-476	711	5	that	that	PRON
ftr-476	711	6	deny	deny	VERB
ftr-476	711	7	the	the	DET
ftr-476	711	8	use	use	NOUN
ftr-476	711	9	of	of	ADP
ftr-476	711	10	a	a	DET
ftr-476	711	11	cost	cost	NOUN
ftr-476	711	12	basis	basis	NOUN
ftr-476	711	13	for	for	ADP
ftr-476	711	14	stock	stock	NOUN
ftr-476	711	15	acquired	acquire	VERB
ftr-476	711	16	in	in	ADP
ftr-476	711	17	exchange	exchange	NOUN
ftr-476	711	18	for	for	ADP
ftr-476	711	19	an	an	DET
ftr-476	711	20	obligation	obligation	NOUN
ftr-476	711	21	,	,	PUNCT
ftr-476	711	22	but	but	CCONJ
ftr-476	711	23	they	they	PRON
ftr-476	711	24	seem	seem	VERB
ftr-476	711	25	to	to	PART
ftr-476	711	26	have	have	VERB
ftr-476	711	27	little	little	ADJ
ftr-476	711	28	pertinence	pertinence	NOUN
ftr-476	711	29	to	to	ADP
ftr-476	711	30	the	the	DET
ftr-476	711	31	lessinger	lessinger	ADJ
ftr-476	711	32	context	context	NOUN
ftr-476	711	33	.	.	PUNCT
ftr-476	712	1	first	first	ADV
ftr-476	712	2	,	,	PUNCT
ftr-476	712	3	when	when	SCONJ
ftr-476	712	4	a	a	DET
ftr-476	712	5	cash	cash	NOUN
ftr-476	712	6	method	method	NOUN
ftr-476	712	7	taxpayer	taxpayer	NOUN
ftr-476	712	8	issues	issue	NOUN
ftr-476	712	9	a	a	DET
ftr-476	712	10	note	note	NOUN
ftr-476	712	11	in	in	ADP
ftr-476	712	12	a	a	DET
ftr-476	712	13	purchase	purchase	NOUN
ftr-476	712	14	of	of	ADP
ftr-476	712	15	stock	stock	NOUN
ftr-476	712	16	outside	outside	ADP
ftr-476	712	17	section	section	NOUN
ftr-476	712	18	351	351	NUM
ftr-476	712	19	,	,	PUNCT
ftr-476	712	20	the	the	DET
ftr-476	712	21	taxpayer	taxpayer	NOUN
ftr-476	712	22	is	be	AUX
ftr-476	712	23	not	not	PART
ftr-476	712	24	allowed	allow	VERB
ftr-476	712	25	to	to	PART
ftr-476	712	26	deduct	deduct	VERB
ftr-476	712	27	a	a	DET
ftr-476	712	28	worthless	worthless	ADJ
ftr-476	712	29	stock	stock	NOUN
ftr-476	712	30	loss	loss	NOUN
ftr-476	712	31	on	on	ADP
ftr-476	712	32	account	account	NOUN
ftr-476	712	33	of	of	ADP
ftr-476	712	34	basis	basis	NOUN
ftr-476	712	35	acquired	acquire	VERB
ftr-476	712	36	with	with	ADP
ftr-476	712	37	that	that	DET
ftr-476	712	38	obligation	obligation	NOUN
ftr-476	712	39	until	until	ADP
ftr-476	712	40	for	for	ADP
ftr-476	712	41	the	the	DET
ftr-476	712	42	corporation	corporation	NOUN
ftr-476	712	43	.	.	PUNCT
ftr-476	713	1	irc	irc	PROPN
ftr-476	713	2	§	§	PROPN
ftr-476	713	3	1032	1032	NUM
ftr-476	713	4	.	.	PUNCT
ftr-476	714	1	the	the	DET
ftr-476	714	2	limited	limited	ADJ
ftr-476	714	3	authority	authority	NOUN
ftr-476	714	4	on	on	ADP
ftr-476	714	5	the	the	DET
ftr-476	714	6	issue	issue	NOUN
ftr-476	714	7	indicates	indicate	VERB
ftr-476	714	8	that	that	SCONJ
ftr-476	714	9	a	a	DET
ftr-476	714	10	corporation	corporation	NOUN
ftr-476	714	11	's	's	PART
ftr-476	714	12	basis	basis	NOUN
ftr-476	714	13	for	for	ADP
ftr-476	714	14	property	property	NOUN
ftr-476	714	15	received	receive	VERB
ftr-476	714	16	in	in	ADP
ftr-476	714	17	exchange	exchange	NOUN
ftr-476	714	18	for	for	ADP
ftr-476	714	19	stock	stock	NOUN
ftr-476	714	20	equals	equal	VERB
ftr-476	714	21	the	the	DET
ftr-476	714	22	stock	stock	NOUN
ftr-476	714	23	's	's	PART
ftr-476	714	24	fair	fair	ADJ
ftr-476	714	25	market	market	NOUN
ftr-476	714	26	value	value	NOUN
ftr-476	714	27	unless	unless	SCONJ
ftr-476	714	28	the	the	DET
ftr-476	714	29	stock	stock	NOUN
ftr-476	714	30	is	be	AUX
ftr-476	714	31	issued	issue	VERB
ftr-476	714	32	in	in	ADP
ftr-476	714	33	a	a	DET
ftr-476	714	34	transaction	transaction	NOUN
ftr-476	714	35	(	(	PUNCT
ftr-476	714	36	such	such	ADJ
ftr-476	714	37	as	as	ADP
ftr-476	714	38	a	a	DET
ftr-476	714	39	§	§	PROPN
ftr-476	714	40	351	351	NUM
ftr-476	714	41	exchange	exchange	NOUN
ftr-476	714	42	)	)	PUNCT
ftr-476	714	43	for	for	ADP
ftr-476	714	44	which	which	PRON
ftr-476	714	45	special	special	ADJ
ftr-476	714	46	basis	basis	NOUN
ftr-476	714	47	rules	rule	NOUN
ftr-476	714	48	are	be	AUX
ftr-476	714	49	provided	provide	VERB
ftr-476	714	50	.	.	PUNCT
ftr-476	715	1	11	11	NUM
ftr-476	715	2	t	t	PROPN
ftr-476	715	3	corp	corp	PROPN
ftr-476	715	4	.	.	PROPN
ftr-476	716	1	v.	v.	PROPN
ftr-476	716	2	united	united	PROPN
ftr-476	716	3	states	states	PROPN
ftr-476	716	4	,	,	PUNCT
ftr-476	716	5	963	963	NUM
ftr-476	716	6	f.2d	f.2d	NUM
ftr-476	716	7	561	561	NUM
ftr-476	716	8	(	(	PUNCT
ftr-476	716	9	2d	2d	NUM
ftr-476	716	10	cir	cir	NOUN
ftr-476	716	11	.	.	PROPN
ftr-476	716	12	1992	1992	NUM
ftr-476	716	13	):	):	PUNCT
ftr-476	716	14	fx	fx	PROPN
ftr-476	716	15	sys	sys	PROPN
ftr-476	716	16	.	.	PROPN
ftr-476	716	17	corp	corp	PROPN
ftr-476	716	18	.	.	PROPN
ftr-476	717	1	v.	v.	PROPN
ftr-476	717	2	commissioner	commissioner	PROPN
ftr-476	717	3	,	,	PUNCT
ftr-476	717	4	79	79	NUM
ftr-476	717	5	t.c	t.c	PROPN
ftr-476	717	6	.	.	PROPN
ftr-476	717	7	957	957	NUM
ftr-476	717	8	,	,	PUNCT
ftr-476	717	9	963	963	NUM
ftr-476	717	10	(	(	PUNCT
ftr-476	717	11	1982	1982	NUM
ftr-476	717	12	):	):	PUNCT
ftr-476	718	1	rev	rev	PROPN
ftr-476	718	2	.	.	PROPN
ftr-476	718	3	rul	rul	PROPN
ftr-476	718	4	.	.	PUNCT
ftr-476	719	1	56	56	NUM
ftr-476	719	2	-	-	SYM
ftr-476	719	3	100	100	NUM
ftr-476	719	4	.	.	PUNCT
ftr-476	720	1	1956	1956	NUM
ftr-476	720	2	-	-	SYM
ftr-476	720	3	1	1	NUM
ftr-476	720	4	c.b	c.b	PROPN
ftr-476	720	5	.	.	PROPN
ftr-476	720	6	624	624	NUM
ftr-476	720	7	.	.	PUNCT
ftr-476	721	1	article	article	NOUN
ftr-476	721	2	833	833	NUM
ftr-476	721	3	of	of	ADP
ftr-476	721	4	regulation	regulation	NOUN
ftr-476	721	5	62	62	NUM
ftr-476	721	6	under	under	ADP
ftr-476	721	7	the	the	DET
ftr-476	721	8	revenue	revenue	NOUN
ftr-476	721	9	act	act	NOUN
ftr-476	721	10	of	of	ADP
ftr-476	721	11	1921	1921	NUM
ftr-476	721	12	allowed	allow	VERB
ftr-476	721	13	notes	note	NOUN
ftr-476	721	14	given	give	VERB
ftr-476	721	15	for	for	SCONJ
ftr-476	721	16	stock	stock	NOUN
ftr-476	721	17	to	to	PART
ftr-476	721	18	be	be	AUX
ftr-476	721	19	considered	consider	VERB
ftr-476	721	20	as	as	ADP
ftr-476	721	21	tangible	tangible	ADJ
ftr-476	721	22	property	property	NOUN
ftr-476	721	23	of	of	ADP
ftr-476	721	24	the	the	DET
ftr-476	721	25	corporation	corporation	NOUN
ftr-476	721	26	for	for	ADP
ftr-476	721	27	purposes	purpose	NOUN
ftr-476	721	28	of	of	ADP
ftr-476	721	29	computing	compute	VERB
ftr-476	721	30	"	"	PUNCT
ftr-476	721	31	invested	invest	VERB
ftr-476	721	32	capital	capital	NOUN
ftr-476	721	33	"	"	PUNCT
ftr-476	721	34	under	under	ADP
ftr-476	721	35	the	the	DET
ftr-476	721	36	excess	excess	ADJ
ftr-476	721	37	profits	profit	NOUN
ftr-476	721	38	tax	tax	NOUN
ftr-476	721	39	;	;	PUNCT
ftr-476	721	40	because	because	SCONJ
ftr-476	721	41	increasing	increase	VERB
ftr-476	721	42	"	"	PUNCT
ftr-476	721	43	invested	invest	VERB
ftr-476	721	44	capital	capital	NOUN
ftr-476	721	45	"	"	PUNCT
ftr-476	721	46	also	also	ADV
ftr-476	721	47	increased	increase	VERB
ftr-476	721	48	a	a	DET
ftr-476	721	49	deduction	deduction	NOUN
ftr-476	721	50	based	base	VERB
ftr-476	721	51	thereon	thereon	NOUN
ftr-476	721	52	,	,	PUNCT
ftr-476	721	53	many	many	ADJ
ftr-476	721	54	shareholders	shareholder	NOUN
ftr-476	721	55	treated	treat	VERB
ftr-476	721	56	their	their	PRON
ftr-476	721	57	notes	note	NOUN
ftr-476	721	58	as	as	ADP
ftr-476	721	59	invested	invest	VERB
ftr-476	721	60	capital	capital	NOUN
ftr-476	721	61	.	.	PUNCT
ftr-476	722	1	see	see	VERB
ftr-476	722	2	,	,	PUNCT
ftr-476	722	3	e.g.	e.g.	ADV
ftr-476	722	4	,	,	PUNCT
ftr-476	722	5	ehret	ehret	PROPN
ftr-476	722	6	magnesia	magnesia	PROPN
ftr-476	722	7	mfg	mfg	PROPN
ftr-476	722	8	.	.	PROPN
ftr-476	722	9	co.	co.	PROPN
ftr-476	723	1	v.	v.	PROPN
ftr-476	723	2	lederer	lederer	PROPN
ftr-476	723	3	,	,	PUNCT
ftr-476	723	4	273	273	NUM
ftr-476	723	5	f.	f.	NOUN
ftr-476	723	6	689	689	NUM
ftr-476	723	7	(	(	PUNCT
ftr-476	723	8	e.d	e.d	PROPN
ftr-476	723	9	.	.	PROPN
ftr-476	723	10	pa	pa	PROPN
ftr-476	723	11	.	.	PROPN
ftr-476	723	12	1921	1921	NUM
ftr-476	723	13	)	)	PUNCT
ftr-476	723	14	.	.	PUNCT
ftr-476	724	1	the	the	DET
ftr-476	724	2	paucity	paucity	NOUN
ftr-476	724	3	of	of	ADP
ftr-476	724	4	authority	authority	NOUN
ftr-476	724	5	on	on	ADP
ftr-476	724	6	the	the	DET
ftr-476	724	7	consequences	consequence	NOUN
ftr-476	724	8	of	of	ADP
ftr-476	724	9	purchasing	purchase	VERB
ftr-476	724	10	stock	stock	NOUN
ftr-476	724	11	for	for	ADP
ftr-476	724	12	notes	note	NOUN
ftr-476	724	13	may	may	AUX
ftr-476	724	14	stem	stem	VERB
ftr-476	724	15	from	from	ADP
ftr-476	724	16	the	the	DET
ftr-476	724	17	fact	fact	NOUN
ftr-476	724	18	that	that	SCONJ
ftr-476	724	19	in	in	ADP
ftr-476	724	20	many	many	ADJ
ftr-476	724	21	states	state	NOUN
ftr-476	724	22	,	,	PUNCT
ftr-476	724	23	corporations	corporation	NOUN
ftr-476	724	24	were	be	AUX
ftr-476	724	25	historically	historically	ADV
ftr-476	724	26	barred	bar	VERB
ftr-476	724	27	from	from	ADP
ftr-476	724	28	issuing	issue	VERB
ftr-476	724	29	stock	stock	NOUN
ftr-476	724	30	for	for	ADP
ftr-476	724	31	notes	note	NOUN
ftr-476	724	32	,	,	PUNCT
ftr-476	724	33	a	a	DET
ftr-476	724	34	limitation	limitation	NOUN
ftr-476	724	35	that	that	PRON
ftr-476	724	36	has	have	AUX
ftr-476	724	37	eased	ease	VERB
ftr-476	724	38	in	in	ADP
ftr-476	724	39	recent	recent	ADJ
ftr-476	724	40	years	year	NOUN
ftr-476	724	41	.	.	PUNCT
ftr-476	725	1	see	see	VERB
ftr-476	725	2	graves	grave	NOUN
ftr-476	725	3	,	,	PUNCT
ftr-476	725	4	inc	inc	PROPN
ftr-476	725	5	.	.	PROPN
ftr-476	726	1	v.	v.	PROPN
ftr-476	726	2	commissioner	commissioner	PROPN
ftr-476	726	3	,	,	PUNCT
ftr-476	726	4	202	202	NUM
ftr-476	726	5	f.2d	f.2d	NOUN
ftr-476	726	6	286	286	NUM
ftr-476	726	7	(	(	PUNCT
ftr-476	726	8	5th	5th	ADJ
ftr-476	726	9	cir	cir	NOUN
ftr-476	726	10	.	.	PROPN
ftr-476	726	11	1953	1953	NUM
ftr-476	726	12	)	)	PUNCT
ftr-476	727	1	(	(	PUNCT
ftr-476	727	2	concerning	concern	VERB
ftr-476	727	3	a	a	DET
ftr-476	727	4	mississippi	mississippi	NOUN
ftr-476	727	5	statute	statute	NOUN
ftr-476	727	6	that	that	PRON
ftr-476	727	7	precluded	preclude	VERB
ftr-476	727	8	the	the	DET
ftr-476	727	9	issuance	issuance	NOUN
ftr-476	727	10	of	of	ADP
ftr-476	727	11	stock	stock	NOUN
ftr-476	727	12	for	for	ADP
ftr-476	727	13	debt	debt	NOUN
ftr-476	727	14	)	)	PUNCT
ftr-476	727	15	;	;	PUNCT
ftr-476	727	16	model	model	PROPN
ftr-476	727	17	business	business	PROPN
ftr-476	727	18	corp	corp	PROPN
ftr-476	727	19	.	.	PROPN
ftr-476	727	20	act	act	PROPN
ftr-476	727	21	ann	ann	PROPN
ftr-476	727	22	.	.	PUNCT
ftr-476	728	1	§	§	PROPN
ftr-476	728	2	6.21	6.21	NUM
ftr-476	728	3	(	(	PUNCT
ftr-476	728	4	1984	1984	NUM
ftr-476	728	5	)	)	PUNCT
ftr-476	728	6	;	;	PUNCT
ftr-476	728	7	4	4	NUM
ftr-476	728	8	william	william	PROPN
ftr-476	728	9	m.	m.	PROPN
ftr-476	728	10	fletcher	fletcher	PROPN
ftr-476	728	11	.	.	PUNCT
ftr-476	729	1	fletcher	fletcher	PROPN
ftr-476	729	2	cyclopedia	cyclopedia	PROPN
ftr-476	729	3	of	of	ADP
ftr-476	729	4	the	the	DET
ftr-476	729	5	law	law	NOUN
ftr-476	729	6	of	of	ADP
ftr-476	729	7	private	private	ADJ
ftr-476	729	8	corporations	corporation	NOUN
ftr-476	729	9	§	§	PROPN
ftr-476	729	10	1599	1599	NUM
ftr-476	729	11	(	(	PUNCT
ftr-476	729	12	penn	penn	PROPN
ftr-476	729	13	.	.	PUNCT
ftr-476	730	1	ed	ed	PROPN
ftr-476	730	2	.	.	PUNCT
ftr-476	730	3	rev	rev	PROPN
ftr-476	730	4	.	.	PROPN
ftr-476	730	5	vol	vol	NOUN
ftr-476	730	6	.	.	PROPN
ftr-476	730	7	1985	1985	NUM
ftr-476	730	8	)	)	PUNCT
ftr-476	730	9	.	.	PUNCT
ftr-476	731	1	116	116	NUM
ftr-476	731	2	.	.	PUNCT
ftr-476	732	1	irc	irc	PROPN
ftr-476	732	2	§	§	PROPN
ftr-476	732	3	§	§	PROPN
ftr-476	732	4	358(a	358(a	PROPN
ftr-476	732	5	)	)	PUNCT
ftr-476	732	6	,	,	PUNCT
ftr-476	732	7	362(a	362(a	PROPN
ftr-476	732	8	)	)	PUNCT
ftr-476	732	9	.	.	PUNCT
ftr-476	733	1	117	117	NUM
ftr-476	733	2	.	.	PUNCT
ftr-476	734	1	brewer	brewer	PROPN
ftr-476	734	2	,	,	PUNCT
ftr-476	734	3	supra	supra	PROPN
ftr-476	734	4	note	note	NOUN
ftr-476	734	5	2	2	NUM
ftr-476	734	6	,	,	PUNCT
ftr-476	734	7	at	at	ADP
ftr-476	734	8	460	460	NUM
ftr-476	734	9	.	.	PUNCT
ftr-476	734	10	19941	19941	NUM
ftr-476	735	1	florida	florida	PROPN
ftr-476	735	2	tax	tax	PROPN
ftr-476	735	3	review	review	NOUN
ftr-476	735	4	it	it	PRON
ftr-476	735	5	is	be	AUX
ftr-476	735	6	paid	pay	VERB
ftr-476	735	7	.	.	PUNCT
ftr-476	735	8	"	"	PUNCT
ftr-476	736	1	8	8	NUM
ftr-476	736	2	however	however	ADV
ftr-476	736	3	,	,	PUNCT
ftr-476	736	4	where	where	SCONJ
ftr-476	736	5	the	the	DET
ftr-476	736	6	stockholder	stockholder	NOUN
ftr-476	736	7	uses	use	VERB
ftr-476	736	8	the	the	DET
ftr-476	736	9	accrual	accrual	ADJ
ftr-476	736	10	method	method	NOUN
ftr-476	736	11	,	,	PUNCT
ftr-476	736	12	worthless	worthless	ADJ
ftr-476	736	13	stock	stock	NOUN
ftr-476	736	14	deductions	deduction	NOUN
ftr-476	736	15	have	have	AUX
ftr-476	736	16	been	be	AUX
ftr-476	736	17	allowed	allow	VERB
ftr-476	736	18	before	before	SCONJ
ftr-476	736	19	the	the	DET
ftr-476	736	20	shareholder	shareholder	NOUN
ftr-476	736	21	paid	pay	VERB
ftr-476	736	22	the	the	DET
ftr-476	736	23	purchase	purchase	NOUN
ftr-476	736	24	debt	debt	NOUN
ftr-476	736	25	to	to	ADP
ftr-476	736	26	the	the	DET
ftr-476	736	27	corporation.1	corporation.1	PROPN
ftr-476	736	28	9	9	NUM
ftr-476	736	29	second	second	NOUN
ftr-476	736	30	,	,	PUNCT
ftr-476	736	31	the	the	DET
ftr-476	736	32	service	service	NOUN
ftr-476	736	33	and	and	CCONJ
ftr-476	736	34	the	the	DET
ftr-476	736	35	courts	court	NOUN
ftr-476	736	36	have	have	AUX
ftr-476	736	37	rejected	reject	VERB
ftr-476	736	38	efforts	effort	NOUN
ftr-476	736	39	by	by	ADP
ftr-476	736	40	shareholders	shareholder	NOUN
ftr-476	736	41	of	of	ADP
ftr-476	736	42	s	s	PART
ftr-476	736	43	corporations	corporation	NOUN
ftr-476	736	44	to	to	PART
ftr-476	736	45	obtain	obtain	VERB
ftr-476	736	46	additional	additional	ADJ
ftr-476	736	47	basis	basis	NOUN
ftr-476	736	48	in	in	ADP
ftr-476	736	49	their	their	PRON
ftr-476	736	50	stock	stock	NOUN
ftr-476	736	51	by	by	ADP
ftr-476	736	52	contributing	contribute	VERB
ftr-476	736	53	their	their	PRON
ftr-476	736	54	obligations	obligation	NOUN
ftr-476	736	55	to	to	ADP
ftr-476	736	56	the	the	DET
ftr-476	736	57	corporations	corporation	NOUN
ftr-476	736	58	or	or	CCONJ
ftr-476	736	59	buying	buy	VERB
ftr-476	736	60	more	more	ADJ
ftr-476	736	61	stock	stock	NOUN
ftr-476	736	62	for	for	ADP
ftr-476	736	63	their	their	PRON
ftr-476	736	64	purchase	purchase	NOUN
ftr-476	736	65	money	money	NOUN
ftr-476	736	66	obligations	obligation	NOUN
ftr-476	736	67	.	.	PUNCT
ftr-476	737	1	2	2	NUM
ftr-476	737	2	'	'	PUNCT
ftr-476	737	3	the	the	DET
ftr-476	737	4	primary	primary	ADJ
ftr-476	737	5	reason	reason	NOUN
ftr-476	737	6	for	for	ADP
ftr-476	737	7	this	this	DET
ftr-476	737	8	rejection	rejection	NOUN
ftr-476	737	9	has	have	AUX
ftr-476	737	10	been	be	AUX
ftr-476	737	11	that	that	SCONJ
ftr-476	737	12	congress	congress	PROPN
ftr-476	737	13	requires	require	VERB
ftr-476	737	14	an	an	DET
ftr-476	737	15	"	"	PUNCT
ftr-476	737	16	investment	investment	NOUN
ftr-476	737	17	"	"	PUNCT
ftr-476	737	18	in	in	ADP
ftr-476	737	19	the	the	DET
ftr-476	737	20	s	s	PART
ftr-476	737	21	corporation	corporation	NOUN
ftr-476	737	22	in	in	ADP
ftr-476	737	23	order	order	NOUN
ftr-476	737	24	to	to	PART
ftr-476	737	25	support	support	VERB
ftr-476	737	26	a	a	DET
ftr-476	737	27	loss	loss	NOUN
ftr-476	737	28	deduction	deduction	NOUN
ftr-476	737	29	,	,	PUNCT
ftr-476	737	30	and	and	CCONJ
ftr-476	737	31	no	no	DET
ftr-476	737	32	investment	investment	NOUN
ftr-476	737	33	is	be	AUX
ftr-476	737	34	made	make	VERB
ftr-476	737	35	by	by	ADP
ftr-476	737	36	virtue	virtue	NOUN
ftr-476	737	37	of	of	ADP
ftr-476	737	38	a	a	DET
ftr-476	737	39	shareholder	shareholder	NOUN
ftr-476	737	40	's	's	PART
ftr-476	737	41	obligation	obligation	NOUN
ftr-476	737	42	,	,	PUNCT
ftr-476	737	43	even	even	ADV
ftr-476	737	44	the	the	DET
ftr-476	737	45	obligation	obligation	NOUN
ftr-476	737	46	of	of	ADP
ftr-476	737	47	an	an	DET
ftr-476	737	48	accrual	accrual	ADJ
ftr-476	737	49	method	method	NOUN
ftr-476	737	50	shareholder	shareholder	NOUN
ftr-476	737	51	.	.	PUNCT
ftr-476	738	1	it	it	PRON
ftr-476	738	2	appears	appear	VERB
ftr-476	738	3	that	that	SCONJ
ftr-476	738	4	both	both	CCONJ
ftr-476	738	5	the	the	DET
ftr-476	738	6	stock	stock	NOUN
ftr-476	738	7	loss	loss	NOUN
ftr-476	738	8	cases	case	NOUN
ftr-476	738	9	and	and	CCONJ
ftr-476	738	10	the	the	DET
ftr-476	738	11	s	s	PROPN
ftr-476	738	12	corporation	corporation	NOUN
ftr-476	738	13	loss	loss	NOUN
ftr-476	738	14	cases	case	NOUN
ftr-476	738	15	ultimately	ultimately	ADV
ftr-476	738	16	derive	derive	VERB
ftr-476	738	17	from	from	ADP
ftr-476	738	18	application	application	NOUN
ftr-476	738	19	to	to	ADP
ftr-476	738	20	cash	cash	NOUN
ftr-476	738	21	method	method	NOUN
ftr-476	738	22	taxpayers	taxpayer	NOUN
ftr-476	738	23	of	of	ADP
ftr-476	738	24	the	the	DET
ftr-476	738	25	principle	principle	NOUN
ftr-476	738	26	that	that	SCONJ
ftr-476	738	27	a	a	DET
ftr-476	738	28	loss	loss	NOUN
ftr-476	738	29	can	can	AUX
ftr-476	738	30	not	not	PART
ftr-476	738	31	be	be	AUX
ftr-476	738	32	deducted	deduct	VERB
ftr-476	738	33	until	until	SCONJ
ftr-476	738	34	it	it	PRON
ftr-476	738	35	is	be	AUX
ftr-476	738	36	sustained	sustain	VERB
ftr-476	738	37	.	.	PUNCT
ftr-476	738	38	'	'	PUNCT
ftr-476	739	1	where	where	SCONJ
ftr-476	739	2	no	no	DET
ftr-476	739	3	net	net	ADJ
ftr-476	739	4	loss	loss	NOUN
ftr-476	739	5	on	on	ADP
ftr-476	739	6	stock	stock	NOUN
ftr-476	739	7	is	be	AUX
ftr-476	739	8	involved	involve	VERB
ftr-476	739	9	,	,	PUNCT
ftr-476	739	10	however	however	ADV
ftr-476	739	11	,	,	PUNCT
ftr-476	739	12	as	as	ADP
ftr-476	739	13	where	where	SCONJ
ftr-476	739	14	basis	basis	NOUN
ftr-476	739	15	simply	simply	ADV
ftr-476	739	16	reduces	reduce	VERB
ftr-476	739	17	a	a	DET
ftr-476	739	18	larger	large	ADJ
ftr-476	739	19	amount	amount	NOUN
ftr-476	739	20	realized	realize	VERB
ftr-476	739	21	,	,	PUNCT
ftr-476	739	22	this	this	DET
ftr-476	739	23	principle	principle	NOUN
ftr-476	739	24	apparently	apparently	ADV
ftr-476	739	25	has	have	AUX
ftr-476	739	26	not	not	PART
ftr-476	739	27	inhibited	inhibit	VERB
ftr-476	739	28	the	the	DET
ftr-476	739	29	utilization	utilization	NOUN
ftr-476	739	30	of	of	ADP
ftr-476	739	31	basis	basis	NOUN
ftr-476	739	32	acquired	acquire	VERB
ftr-476	739	33	with	with	ADP
ftr-476	739	34	a	a	DET
ftr-476	739	35	purchase	purchase	NOUN
ftr-476	739	36	money	money	NOUN
ftr-476	739	37	obligation	obligation	NOUN
ftr-476	739	38	.	.	PUNCT
ftr-476	740	1	furthermore	furthermore	ADV
ftr-476	740	2	,	,	PUNCT
ftr-476	740	3	when	when	SCONJ
ftr-476	740	4	stock	stock	NOUN
ftr-476	740	5	118	118	NUM
ftr-476	740	6	.	.	PUNCT
ftr-476	740	7	rev	rev	PROPN
ftr-476	740	8	.	.	PUNCT
ftr-476	740	9	rul	rul	NOUN
ftr-476	740	10	.	.	PUNCT
ftr-476	741	1	74	74	NUM
ftr-476	741	2	-	-	SYM
ftr-476	741	3	80	80	NUM
ftr-476	741	4	,	,	PUNCT
ftr-476	741	5	1974	1974	NUM
ftr-476	741	6	-	-	SYM
ftr-476	741	7	1	1	NUM
ftr-476	741	8	c.b	c.b	PROPN
ftr-476	741	9	.	.	PROPN
ftr-476	741	10	117	117	NUM
ftr-476	741	11	.	.	PUNCT
ftr-476	742	1	this	this	DET
ftr-476	742	2	rule	rule	NOUN
ftr-476	742	3	reflects	reflect	VERB
ftr-476	742	4	the	the	DET
ftr-476	742	5	principle	principle	NOUN
ftr-476	742	6	of	of	ADP
ftr-476	742	7	helvering	helvere	VERB
ftr-476	742	8	v.	v.	ADP
ftr-476	742	9	price	price	NOUN
ftr-476	742	10	,	,	PUNCT
ftr-476	742	11	309	309	NUM
ftr-476	742	12	u.s	u.s	PROPN
ftr-476	742	13	.	.	PROPN
ftr-476	742	14	409	409	NUM
ftr-476	742	15	,	,	PUNCT
ftr-476	742	16	413	413	NUM
ftr-476	742	17	(	(	PUNCT
ftr-476	742	18	1940	1940	NUM
ftr-476	742	19	)	)	PUNCT
ftr-476	742	20	,	,	PUNCT
ftr-476	742	21	that	that	SCONJ
ftr-476	742	22	a	a	DET
ftr-476	742	23	cash	cash	NOUN
ftr-476	742	24	method	method	NOUN
ftr-476	742	25	taxpayer	taxpayer	NOUN
ftr-476	742	26	's	's	PART
ftr-476	742	27	issuance	issuance	NOUN
ftr-476	742	28	of	of	ADP
ftr-476	742	29	a	a	DET
ftr-476	742	30	note	note	NOUN
ftr-476	742	31	is	be	AUX
ftr-476	742	32	not	not	PART
ftr-476	742	33	payment	payment	NOUN
ftr-476	742	34	sufficient	sufficient	ADJ
ftr-476	742	35	to	to	PART
ftr-476	742	36	support	support	VERB
ftr-476	742	37	a	a	DET
ftr-476	742	38	deduction	deduction	NOUN
ftr-476	742	39	(	(	PUNCT
ftr-476	742	40	upon	upon	SCONJ
ftr-476	742	41	a	a	DET
ftr-476	742	42	guarantee	guarantee	NOUN
ftr-476	742	43	,	,	PUNCT
ftr-476	742	44	in	in	ADP
ftr-476	742	45	that	that	DET
ftr-476	742	46	case	case	NOUN
ftr-476	742	47	)	)	PUNCT
ftr-476	742	48	;	;	PUNCT
ftr-476	742	49	rather	rather	ADV
ftr-476	742	50	,	,	PUNCT
ftr-476	742	51	the	the	DET
ftr-476	742	52	deduction	deduction	NOUN
ftr-476	742	53	is	be	AUX
ftr-476	742	54	delayed	delay	VERB
ftr-476	742	55	until	until	SCONJ
ftr-476	742	56	the	the	DET
ftr-476	742	57	note	note	NOUN
ftr-476	742	58	is	be	AUX
ftr-476	742	59	paid	pay	VERB
ftr-476	742	60	.	.	PUNCT
ftr-476	743	1	courts	court	NOUN
ftr-476	743	2	have	have	AUX
ftr-476	743	3	applied	apply	VERB
ftr-476	743	4	this	this	DET
ftr-476	743	5	principle	principle	NOUN
ftr-476	743	6	to	to	PART
ftr-476	743	7	deny	deny	VERB
ftr-476	743	8	cash	cash	NOUN
ftr-476	743	9	method	method	NOUN
ftr-476	743	10	shareholders	shareholder	VERB
ftr-476	743	11	any	any	DET
ftr-476	743	12	deduction	deduction	NOUN
ftr-476	743	13	for	for	ADP
ftr-476	743	14	worthless	worthless	ADJ
ftr-476	743	15	stock	stock	NOUN
ftr-476	743	16	bought	buy	VERB
ftr-476	743	17	from	from	ADP
ftr-476	743	18	other	other	ADJ
ftr-476	743	19	shareholders	shareholder	NOUN
ftr-476	743	20	for	for	ADP
ftr-476	743	21	debt	debt	NOUN
ftr-476	743	22	,	,	PUNCT
ftr-476	743	23	until	until	SCONJ
ftr-476	743	24	the	the	DET
ftr-476	743	25	debt	debt	NOUN
ftr-476	743	26	is	be	AUX
ftr-476	743	27	paid	pay	VERB
ftr-476	743	28	.	.	PUNCT
ftr-476	744	1	see	see	VERB
ftr-476	744	2	tams	tams	PROPN
ftr-476	744	3	v.	v.	ADP
ftr-476	744	4	united	united	PROPN
ftr-476	744	5	states	states	PROPN
ftr-476	744	6	,	,	PUNCT
ftr-476	744	7	33	33	NUM
ftr-476	744	8	f.	f.	PROPN
ftr-476	744	9	supp	supp	PROPN
ftr-476	744	10	.	.	PUNCT
ftr-476	745	1	764	764	NUM
ftr-476	745	2	,	,	PUNCT
ftr-476	745	3	770	770	NUM
ftr-476	745	4	(	(	PUNCT
ftr-476	745	5	s.d	s.d	PROPN
ftr-476	745	6	.	.	PUNCT
ftr-476	746	1	w.va	w.va	PROPN
ftr-476	746	2	1940	1940	NUM
ftr-476	746	3	)	)	PUNCT
ftr-476	746	4	;	;	PUNCT
ftr-476	746	5	miniger	miniger	NOUN
ftr-476	746	6	v.	v.	ADP
ftr-476	746	7	denman	denman	PROPN
ftr-476	746	8	,	,	PUNCT
ftr-476	746	9	15	15	NUM
ftr-476	746	10	a.f.t.r	a.f.t.r	PROPN
ftr-476	746	11	.	.	PUNCT
ftr-476	747	1	(	(	PUNCT
ftr-476	747	2	p	p	NOUN
ftr-476	747	3	-	-	PUNCT
ftr-476	747	4	h	h	NOUN
ftr-476	747	5	)	)	PUNCT
ftr-476	747	6	593	593	NUM
ftr-476	747	7	(	(	PUNCT
ftr-476	747	8	n.d	n.d	PROPN
ftr-476	747	9	.	.	PROPN
ftr-476	747	10	ohio	ohio	PROPN
ftr-476	747	11	1930	1930	NUM
ftr-476	747	12	)	)	PUNCT
ftr-476	747	13	;	;	PUNCT
ftr-476	747	14	boyer	boyer	PROPN
ftr-476	747	15	v.	v.	PROPN
ftr-476	747	16	commissioner	commissioner	PROPN
ftr-476	747	17	,	,	PUNCT
ftr-476	747	18	14	14	NUM
ftr-476	747	19	t.c	t.c	PROPN
ftr-476	747	20	.	.	PROPN
ftr-476	747	21	memo	memo	NOUN
ftr-476	747	22	(	(	PUNCT
ftr-476	747	23	cch	cch	PROPN
ftr-476	747	24	)	)	PUNCT
ftr-476	747	25	350	350	NUM
ftr-476	747	26	,	,	PUNCT
ftr-476	747	27	t.c	t.c	PROPN
ftr-476	747	28	.	.	PROPN
ftr-476	747	29	memo	memo	NOUN
ftr-476	747	30	(	(	PUNCT
ftr-476	747	31	p	p	NOUN
ftr-476	747	32	-	-	PUNCT
ftr-476	747	33	h	h	NOUN
ftr-476	747	34	)	)	PUNCT
ftr-476	747	35	55,105	55,105	NUM
ftr-476	747	36	(	(	PUNCT
ftr-476	747	37	1955	1955	NUM
ftr-476	747	38	)	)	PUNCT
ftr-476	747	39	;	;	PUNCT
ftr-476	747	40	larkin	larkin	PROPN
ftr-476	747	41	v.	v.	PROPN
ftr-476	747	42	commissioner	commissioner	PROPN
ftr-476	747	43	,	,	PUNCT
ftr-476	747	44	46	46	NUM
ftr-476	747	45	b.t.a	b.t.a	NOUN
ftr-476	747	46	.	.	PROPN
ftr-476	747	47	213	213	NUM
ftr-476	747	48	(	(	PUNCT
ftr-476	747	49	1942	1942	NUM
ftr-476	747	50	)	)	PUNCT
ftr-476	747	51	;	;	PUNCT
ftr-476	747	52	estate	estate	NOUN
ftr-476	747	53	of	of	ADP
ftr-476	747	54	spruance	spruance	NOUN
ftr-476	747	55	v.	v.	ADP
ftr-476	747	56	commissioner	commissioner	PROPN
ftr-476	747	57	,	,	PUNCT
ftr-476	747	58	43	43	NUM
ftr-476	747	59	b.t.a	b.t.a	NOUN
ftr-476	747	60	.	.	NOUN
ftr-476	747	61	221	221	NUM
ftr-476	747	62	,	,	PUNCT
ftr-476	747	63	229	229	NUM
ftr-476	747	64	(	(	PUNCT
ftr-476	747	65	1941	1941	NUM
ftr-476	747	66	)	)	PUNCT
ftr-476	747	67	,	,	PUNCT
ftr-476	747	68	acq	acq	PROPN
ftr-476	747	69	.	.	PROPN
ftr-476	747	70	,	,	PUNCT
ftr-476	747	71	1941	1941	NUM
ftr-476	747	72	-	-	SYM
ftr-476	747	73	1	1	NUM
ftr-476	747	74	c.b	c.b	PROPN
ftr-476	747	75	.	.	PROPN
ftr-476	747	76	10	10	NUM
ftr-476	747	77	,	,	PUNCT
ftr-476	747	78	rev'd	rev'd	VERB
ftr-476	747	79	on	on	ADP
ftr-476	747	80	other	other	ADJ
ftr-476	747	81	grounds	ground	NOUN
ftr-476	747	82	sub	sub	X
ftr-476	747	83	nom	nom	PROPN
ftr-476	747	84	.	.	PROPN
ftr-476	748	1	mcknight	mcknight	PROPN
ftr-476	748	2	v.	v.	PROPN
ftr-476	748	3	commissioner	commissioner	PROPN
ftr-476	748	4	,	,	PUNCT
ftr-476	748	5	127	127	NUM
ftr-476	748	6	f.2d	f.2d	NOUN
ftr-476	748	7	572	572	NUM
ftr-476	748	8	(	(	PUNCT
ftr-476	748	9	5th	5th	ADJ
ftr-476	748	10	cir	cir	NOUN
ftr-476	748	11	.	.	PUNCT
ftr-476	748	12	1942	1942	NUM
ftr-476	748	13	)	)	PUNCT
ftr-476	748	14	.	.	PUNCT
ftr-476	749	1	119	119	NUM
ftr-476	749	2	.	.	PUNCT
ftr-476	749	3	n.	n.	PROPN
ftr-476	749	4	sobel	sobel	PROPN
ftr-476	749	5	,	,	PUNCT
ftr-476	749	6	inc	inc	PROPN
ftr-476	749	7	.	.	PROPN
ftr-476	750	1	v.	v.	PROPN
ftr-476	750	2	commissioner	commissioner	PROPN
ftr-476	750	3	,	,	PUNCT
ftr-476	750	4	40	40	NUM
ftr-476	750	5	b.t.a	b.t.a	NOUN
ftr-476	750	6	.	.	PROPN
ftr-476	750	7	1263	1263	NUM
ftr-476	750	8	(	(	PUNCT
ftr-476	750	9	1939	1939	NUM
ftr-476	750	10	)	)	PUNCT
ftr-476	750	11	;	;	PUNCT
ftr-476	750	12	g.c.m	g.c.m	X
ftr-476	750	13	.	.	PROPN
ftr-476	750	14	33937	33937	NUM
ftr-476	750	15	(	(	PUNCT
ftr-476	750	16	sept	sept	PROPN
ftr-476	750	17	.	.	PROPN
ftr-476	750	18	30	30	NUM
ftr-476	750	19	,	,	PUNCT
ftr-476	750	20	1968	1968	NUM
ftr-476	750	21	)	)	PUNCT
ftr-476	750	22	(	(	PUNCT
ftr-476	750	23	agreeing	agree	VERB
ftr-476	750	24	with	with	ADP
ftr-476	750	25	sobel	sobel	NOUN
ftr-476	750	26	)	)	PUNCT
ftr-476	750	27	.	.	PUNCT
ftr-476	751	1	120	120	NUM
ftr-476	751	2	.	.	X
ftr-476	751	3	perry	perry	PROPN
ftr-476	751	4	v.	v.	PROPN
ftr-476	751	5	commissioner	commissioner	PROPN
ftr-476	751	6	,	,	PUNCT
ftr-476	751	7	54	54	NUM
ftr-476	751	8	t.c	t.c	PROPN
ftr-476	751	9	.	.	PROPN
ftr-476	751	10	1293	1293	NUM
ftr-476	751	11	(	(	PUNCT
ftr-476	751	12	1970	1970	NUM
ftr-476	751	13	)	)	PUNCT
ftr-476	751	14	,	,	PUNCT
ftr-476	751	15	aff'd	aff'd	NOUN
ftr-476	751	16	,	,	PUNCT
ftr-476	751	17	27	27	NUM
ftr-476	751	18	a.f.t.r.2d	a.f.t.r.2d	NOUN
ftr-476	751	19	(	(	PUNCT
ftr-476	751	20	p	p	NOUN
ftr-476	751	21	-	-	PUNCT
ftr-476	751	22	h	h	NOUN
ftr-476	751	23	)	)	PUNCT
ftr-476	751	24	1464	1464	NUM
ftr-476	751	25	(	(	PUNCT
ftr-476	751	26	8th	8th	ADJ
ftr-476	751	27	cir	cir	NOUN
ftr-476	751	28	.	.	PROPN
ftr-476	751	29	1971	1971	NUM
ftr-476	751	30	)	)	PUNCT
ftr-476	751	31	(	(	PUNCT
ftr-476	751	32	denying	deny	VERB
ftr-476	751	33	additional	additional	ADJ
ftr-476	751	34	basis	basis	NOUN
ftr-476	751	35	even	even	ADV
ftr-476	751	36	if	if	SCONJ
ftr-476	751	37	the	the	DET
ftr-476	751	38	shareholder	shareholder	NOUN
ftr-476	751	39	is	be	AUX
ftr-476	751	40	on	on	ADP
ftr-476	751	41	the	the	DET
ftr-476	751	42	accrual	accrual	ADJ
ftr-476	751	43	method	method	NOUN
ftr-476	751	44	,	,	PUNCT
ftr-476	751	45	due	due	ADP
ftr-476	751	46	to	to	ADP
ftr-476	751	47	the	the	DET
ftr-476	751	48	peculiar	peculiar	ADJ
ftr-476	751	49	requirements	requirement	NOUN
ftr-476	751	50	of	of	ADP
ftr-476	751	51	§	§	PROPN
ftr-476	751	52	1374	1374	NUM
ftr-476	751	53	)	)	PUNCT
ftr-476	751	54	;	;	PUNCT
ftr-476	751	55	rev	rev	PROPN
ftr-476	751	56	.	.	PROPN
ftr-476	752	1	rul	rul	PROPN
ftr-476	752	2	.	.	PUNCT
ftr-476	753	1	81	81	NUM
ftr-476	753	2	-	-	SYM
ftr-476	753	3	187	187	NUM
ftr-476	753	4	,	,	PUNCT
ftr-476	753	5	1981	1981	NUM
ftr-476	753	6	-	-	SYM
ftr-476	753	7	2	2	NUM
ftr-476	753	8	c.b	c.b	PROPN
ftr-476	753	9	.	.	PROPN
ftr-476	753	10	167	167	NUM
ftr-476	753	11	(	(	PUNCT
ftr-476	753	12	referring	refer	VERB
ftr-476	753	13	to	to	ADP
ftr-476	753	14	the	the	DET
ftr-476	753	15	shareholder	shareholder	NOUN
ftr-476	753	16	's	's	PART
ftr-476	753	17	zero	zero	NUM
ftr-476	753	18	basis	basis	NOUN
ftr-476	753	19	)	)	PUNCT
ftr-476	753	20	.	.	PUNCT
ftr-476	754	1	cf	cf	NOUN
ftr-476	754	2	.	.	PUNCT
ftr-476	755	1	wilson	wilson	PROPN
ftr-476	755	2	v.	v.	PROPN
ftr-476	755	3	commissioner	commissioner	PROPN
ftr-476	755	4	,	,	PUNCT
ftr-476	755	5	62	62	NUM
ftr-476	755	6	t.c	t.c	PROPN
ftr-476	755	7	.	.	PROPN
ftr-476	755	8	memo	memo	NOUN
ftr-476	755	9	(	(	PUNCT
ftr-476	755	10	cch	cch	NOUN
ftr-476	755	11	)	)	PUNCT
ftr-476	755	12	1122	1122	NUM
ftr-476	755	13	,	,	PUNCT
ftr-476	755	14	t.c	t.c	PROPN
ftr-476	755	15	.	.	PROPN
ftr-476	755	16	memo	memo	NOUN
ftr-476	755	17	(	(	PUNCT
ftr-476	755	18	p	p	NOUN
ftr-476	755	19	-	-	PUNCT
ftr-476	755	20	h	h	NOUN
ftr-476	755	21	)	)	PUNCT
ftr-476	755	22	91,554	91,554	NUM
ftr-476	755	23	(	(	PUNCT
ftr-476	755	24	1991	1991	NUM
ftr-476	755	25	)	)	PUNCT
ftr-476	755	26	(	(	PUNCT
ftr-476	755	27	ruling	rule	VERB
ftr-476	755	28	that	that	SCONJ
ftr-476	755	29	a	a	DET
ftr-476	755	30	shareholder	shareholder	NOUN
ftr-476	755	31	acquired	acquire	VERB
ftr-476	755	32	no	no	DET
ftr-476	755	33	stock	stock	NOUN
ftr-476	755	34	basis	basis	NOUN
ftr-476	755	35	when	when	SCONJ
ftr-476	755	36	another	another	DET
ftr-476	755	37	s	s	NOUN
ftr-476	755	38	corporation	corporation	NOUN
ftr-476	755	39	owned	own	VERB
ftr-476	755	40	by	by	ADP
ftr-476	755	41	him	he	PRON
ftr-476	755	42	distributed	distribute	VERB
ftr-476	755	43	to	to	ADP
ftr-476	755	44	him	he	PRON
ftr-476	755	45	the	the	DET
ftr-476	755	46	note	note	NOUN
ftr-476	755	47	of	of	ADP
ftr-476	755	48	the	the	DET
ftr-476	755	49	s	s	X
ftr-476	755	50	corporation	corporation	NOUN
ftr-476	755	51	whose	whose	DET
ftr-476	755	52	losses	loss	NOUN
ftr-476	755	53	the	the	DET
ftr-476	755	54	shareholder	shareholder	NOUN
ftr-476	755	55	wanted	want	VERB
ftr-476	755	56	to	to	PART
ftr-476	755	57	deduct	deduct	VERB
ftr-476	755	58	;	;	PUNCT
ftr-476	755	59	the	the	DET
ftr-476	755	60	note	note	NOUN
ftr-476	755	61	represented	represent	VERB
ftr-476	755	62	no	no	DET
ftr-476	755	63	additional	additional	ADJ
ftr-476	755	64	investment	investment	NOUN
ftr-476	755	65	)	)	PUNCT
ftr-476	755	66	;	;	PUNCT
ftr-476	755	67	griffith	griffith	PROPN
ftr-476	755	68	v.	v.	PROPN
ftr-476	755	69	commissioner	commissioner	PROPN
ftr-476	755	70	,	,	PUNCT
ftr-476	755	71	56	56	NUM
ftr-476	755	72	t.c	t.c	PROPN
ftr-476	755	73	.	.	PROPN
ftr-476	755	74	memo	memo	NOUN
ftr-476	755	75	(	(	PUNCT
ftr-476	755	76	cch	cch	NOUN
ftr-476	755	77	)	)	PUNCT
ftr-476	755	78	220	220	NUM
ftr-476	755	79	,	,	PUNCT
ftr-476	755	80	t.c	t.c	PROPN
ftr-476	755	81	.	.	PROPN
ftr-476	755	82	memo	memo	NOUN
ftr-476	755	83	(	(	PUNCT
ftr-476	755	84	p	p	NOUN
ftr-476	755	85	-	-	PUNCT
ftr-476	755	86	h	h	NOUN
ftr-476	755	87	)	)	PUNCT
ftr-476	755	88	88,445	88,445	NUM
ftr-476	755	89	(	(	PUNCT
ftr-476	755	90	1988	1988	NUM
ftr-476	755	91	)	)	PUNCT
ftr-476	755	92	(	(	PUNCT
ftr-476	755	93	disregarding	disregard	VERB
ftr-476	755	94	journal	journal	NOUN
ftr-476	755	95	entries	entry	NOUN
ftr-476	755	96	substituting	substitute	VERB
ftr-476	755	97	the	the	DET
ftr-476	755	98	shareholder	shareholder	NOUN
ftr-476	755	99	as	as	ADP
ftr-476	755	100	creditor	creditor	NOUN
ftr-476	755	101	of	of	ADP
ftr-476	755	102	the	the	DET
ftr-476	755	103	s	s	PROPN
ftr-476	755	104	corporation	corporation	NOUN
ftr-476	755	105	;	;	PUNCT
ftr-476	755	106	the	the	DET
ftr-476	755	107	entries	entry	NOUN
ftr-476	755	108	lacked	lack	VERB
ftr-476	755	109	economic	economic	ADJ
ftr-476	755	110	substance	substance	NOUN
ftr-476	755	111	)	)	PUNCT
ftr-476	755	112	;	;	PUNCT
ftr-476	755	113	rev	rev	PROPN
ftr-476	755	114	.	.	PROPN
ftr-476	756	1	rul	rul	PROPN
ftr-476	756	2	.	.	PUNCT
ftr-476	757	1	80	80	NUM
ftr-476	757	2	-	-	SYM
ftr-476	757	3	236	236	NUM
ftr-476	757	4	,	,	PUNCT
ftr-476	757	5	1980	1980	NUM
ftr-476	757	6	-	-	SYM
ftr-476	757	7	2	2	NUM
ftr-476	757	8	c.b	c.b	PROPN
ftr-476	757	9	.	.	PROPN
ftr-476	757	10	240	240	NUM
ftr-476	757	11	(	(	PUNCT
ftr-476	757	12	collapsing	collapse	VERB
ftr-476	757	13	the	the	DET
ftr-476	757	14	steps	step	NOUN
ftr-476	757	15	of	of	ADP
ftr-476	757	16	a	a	DET
ftr-476	757	17	convoluted	convoluted	ADJ
ftr-476	757	18	loan	loan	NOUN
ftr-476	757	19	transaction	transaction	NOUN
ftr-476	757	20	when	when	SCONJ
ftr-476	757	21	the	the	DET
ftr-476	757	22	shareholder	shareholder	NOUN
ftr-476	757	23	made	make	VERB
ftr-476	757	24	no	no	DET
ftr-476	757	25	economic	economic	ADJ
ftr-476	757	26	advance	advance	NOUN
ftr-476	757	27	to	to	ADP
ftr-476	757	28	the	the	DET
ftr-476	757	29	s	s	NOUN
ftr-476	757	30	corporation	corporation	NOUN
ftr-476	757	31	and	and	CCONJ
ftr-476	757	32	so	so	ADV
ftr-476	757	33	got	get	VERB
ftr-476	757	34	no	no	DET
ftr-476	757	35	basis	basis	NOUN
ftr-476	757	36	increase	increase	NOUN
ftr-476	757	37	)	)	PUNCT
ftr-476	757	38	.	.	PUNCT
ftr-476	758	1	for	for	ADP
ftr-476	758	2	related	related	ADJ
ftr-476	758	3	efforts	effort	NOUN
ftr-476	758	4	to	to	PART
ftr-476	758	5	obtain	obtain	VERB
ftr-476	758	6	basis	basis	NOUN
ftr-476	758	7	by	by	ADP
ftr-476	758	8	guaranteeing	guarantee	VERB
ftr-476	758	9	corporate	corporate	ADJ
ftr-476	758	10	debt	debt	NOUN
ftr-476	758	11	,	,	PUNCT
ftr-476	758	12	see	see	VERB
ftr-476	758	13	generally	generally	ADV
ftr-476	758	14	james	james	PROPN
ftr-476	758	15	s.	s.	PROPN
ftr-476	758	16	eustice	eustice	PROPN
ftr-476	758	17	&	&	CCONJ
ftr-476	758	18	joel	joel	PROPN
ftr-476	758	19	d.	d.	PROPN
ftr-476	758	20	kuntz	kuntz	PROPN
ftr-476	758	21	,	,	PUNCT
ftr-476	758	22	federal	federal	ADJ
ftr-476	758	23	income	income	NOUN
ftr-476	758	24	taxation	taxation	NOUN
ftr-476	758	25	of	of	ADP
ftr-476	758	26	s	s	PROPN
ftr-476	758	27	corporations	corporation	NOUN
ftr-476	758	28	9.05[2][i	9.05[2][i	NUM
ftr-476	758	29	]	]	PUNCT
ftr-476	758	30	(	(	PUNCT
ftr-476	758	31	3d	3d	NUM
ftr-476	758	32	ed	ed	NOUN
ftr-476	758	33	.	.	PROPN
ftr-476	758	34	1993	1993	NUM
ftr-476	758	35	)	)	PUNCT
ftr-476	758	36	.	.	PUNCT
ftr-476	759	1	121	121	NUM
ftr-476	759	2	.	.	PUNCT
ftr-476	760	1	see	see	VERB
ftr-476	760	2	perry	perry	PROPN
ftr-476	760	3	,	,	PUNCT
ftr-476	760	4	54	54	NUM
ftr-476	760	5	t.c	t.c	PROPN
ftr-476	760	6	.	.	PUNCT
ftr-476	761	1	at	at	ADP
ftr-476	761	2	1297	1297	NUM
ftr-476	761	3	.	.	PUNCT
ftr-476	762	1	see	see	AUX
ftr-476	762	2	also	also	ADV
ftr-476	762	3	irc	irc	VERB
ftr-476	762	4	§	§	ADJ
ftr-476	762	5	165(a	165(a	NOUN
ftr-476	762	6	)	)	PUNCT
ftr-476	762	7	;	;	PUNCT
ftr-476	762	8	regs	reg	NOUN
ftr-476	762	9	.	.	PUNCT
ftr-476	763	1	§	§	PROPN
ftr-476	763	2	1.165	1.165	NUM
ftr-476	763	3	-	-	SYM
ftr-476	763	4	1(b	1(b	NUM
ftr-476	763	5	)	)	PUNCT
ftr-476	763	6	,	,	PUNCT
ftr-476	763	7	(	(	PUNCT
ftr-476	763	8	d)(l	d)(l	NOUN
ftr-476	763	9	)	)	PUNCT
ftr-476	763	10	(	(	PUNCT
ftr-476	763	11	"	"	PUNCT
ftr-476	763	12	economically	economically	ADV
ftr-476	763	13	genuine	genuine	ADJ
ftr-476	763	14	realizations	realization	NOUN
ftr-476	763	15	of	of	ADP
ftr-476	763	16	loss	loss	NOUN
ftr-476	763	17	"	"	PUNCT
ftr-476	763	18	)	)	PUNCT
ftr-476	763	19	.	.	PUNCT
ftr-476	764	1	[	[	X
ftr-476	764	2	vol	vol	NOUN
ftr-476	764	3	2:5	2:5	NUM
ftr-476	764	4	zero	zero	NUM
ftr-476	764	5	basis	basis	NOUN
ftr-476	764	6	hoar	hoar	NOUN
ftr-476	764	7	bought	buy	VERB
ftr-476	764	8	with	with	ADP
ftr-476	764	9	a	a	DET
ftr-476	764	10	purchase	purchase	NOUN
ftr-476	764	11	money	money	NOUN
ftr-476	764	12	obligation	obligation	NOUN
ftr-476	764	13	is	be	AUX
ftr-476	764	14	sold	sell	VERB
ftr-476	764	15	at	at	ADP
ftr-476	764	16	a	a	DET
ftr-476	764	17	loss	loss	NOUN
ftr-476	764	18	but	but	CCONJ
ftr-476	764	19	is	be	AUX
ftr-476	764	20	not	not	PART
ftr-476	764	21	worthless	worthless	ADJ
ftr-476	764	22	(	(	PUNCT
ftr-476	764	23	obviously	obviously	ADV
ftr-476	764	24	necessitating	necessitate	VERB
ftr-476	764	25	the	the	DET
ftr-476	764	26	seller	seller	NOUN
ftr-476	764	27	to	to	PART
ftr-476	764	28	remain	remain	VERB
ftr-476	764	29	liable	liable	ADJ
ftr-476	764	30	for	for	ADP
ftr-476	764	31	the	the	DET
ftr-476	764	32	obligation	obligation	NOUN
ftr-476	764	33	and	and	CCONJ
ftr-476	764	34	the	the	DET
ftr-476	764	35	obligation	obligation	NOUN
ftr-476	764	36	not	not	PART
ftr-476	764	37	to	to	PART
ftr-476	764	38	encumber	encumber	VERB
ftr-476	764	39	the	the	DET
ftr-476	764	40	stock	stock	NOUN
ftr-476	764	41	)	)	PUNCT
ftr-476	764	42	,	,	PUNCT
ftr-476	764	43	the	the	DET
ftr-476	764	44	regulations	regulation	NOUN
ftr-476	764	45	themselves	themselves	PRON
ftr-476	764	46	provide	provide	VERB
ftr-476	764	47	that	that	SCONJ
ftr-476	764	48	a	a	DET
ftr-476	764	49	loss	loss	NOUN
ftr-476	764	50	is	be	AUX
ftr-476	764	51	sustained.y	sustained.y	NOUN
ftr-476	764	52	thus	thus	ADV
ftr-476	764	53	,	,	PUNCT
ftr-476	764	54	it	it	PRON
ftr-476	764	55	appears	appear	VERB
ftr-476	764	56	that	that	SCONJ
ftr-476	764	57	the	the	DET
ftr-476	764	58	treatment	treatment	NOUN
ftr-476	764	59	of	of	ADP
ftr-476	764	60	worthless	worthless	ADJ
ftr-476	764	61	stock	stock	NOUN
ftr-476	764	62	losses	loss	NOUN
ftr-476	764	63	is	be	AUX
ftr-476	764	64	nearly	nearly	ADV
ftr-476	764	65	"	"	PUNCT
ftr-476	764	66	unique	unique	ADJ
ftr-476	764	67	.	.	PUNCT
ftr-476	764	68	"	"	PUNCT
ftr-476	764	69	'	'	PUNCT
ftr-476	764	70	2	2	NUM
ftr-476	764	71	'	'	PUNCT
ftr-476	764	72	these	these	DET
ftr-476	764	73	rules	rule	NOUN
ftr-476	764	74	relating	relate	VERB
ftr-476	764	75	to	to	ADP
ftr-476	764	76	worthless	worthless	ADJ
ftr-476	764	77	stock	stock	NOUN
ftr-476	764	78	losses	loss	NOUN
ftr-476	764	79	and	and	CCONJ
ftr-476	764	80	s	s	VERB
ftr-476	764	81	corporation	corporation	NOUN
ftr-476	764	82	stock	stock	NOUN
ftr-476	764	83	basis	basis	NOUN
ftr-476	764	84	prevent	prevent	NOUN
ftr-476	764	85	abuses	abuse	NOUN
ftr-476	764	86	normally	normally	ADV
ftr-476	764	87	perceived	perceive	VERB
ftr-476	764	88	to	to	PART
ftr-476	764	89	accompany	accompany	VERB
ftr-476	764	90	purchase	purchase	NOUN
ftr-476	764	91	treatment	treatment	NOUN
ftr-476	764	92	of	of	ADP
ftr-476	764	93	the	the	DET
ftr-476	764	94	acquisition	acquisition	NOUN
ftr-476	764	95	of	of	ADP
ftr-476	764	96	stock	stock	NOUN
ftr-476	764	97	for	for	ADP
ftr-476	764	98	an	an	DET
ftr-476	764	99	obligation	obligation	NOUN
ftr-476	764	100	outside	outside	ADJ
ftr-476	764	101	section	section	NOUN
ftr-476	764	102	351	351	NUM
ftr-476	764	103	.	.	PUNCT
ftr-476	764	104	are	be	AUX
ftr-476	764	105	there	there	PRON
ftr-476	764	106	other	other	ADJ
ftr-476	764	107	issues	issue	NOUN
ftr-476	764	108	that	that	PRON
ftr-476	764	109	are	be	AUX
ftr-476	764	110	peculiar	peculiar	ADJ
ftr-476	764	111	to	to	ADP
ftr-476	764	112	a	a	DET
ftr-476	764	113	section	section	NOUN
ftr-476	764	114	351	351	NUM
ftr-476	764	115	setting	setting	NOUN
ftr-476	764	116	?	?	PUNCT
ftr-476	765	1	c.	c.	NOUN
ftr-476	765	2	issues	issue	NOUN
ftr-476	765	3	peculiar	peculiar	ADJ
ftr-476	765	4	to	to	AUX
ftr-476	765	5	section	section	VERB
ftr-476	765	6	351	351	NUM
ftr-476	765	7	controlling	control	VERB
ftr-476	765	8	shareholders	shareholder	NOUN
ftr-476	765	9	;	;	PUNCT
ftr-476	765	10	treating	treat	VERB
ftr-476	765	11	transferor	transferor	NOUN
ftr-476	765	12	's	's	PART
ftr-476	765	13	obligation	obligation	NOUN
ftr-476	765	14	as	as	ADP
ftr-476	765	15	contingent	contingent	ADJ
ftr-476	765	16	debt	debt	NOUN
ftr-476	765	17	1	1	NUM
ftr-476	765	18	.	.	PUNCT
ftr-476	766	1	overview.-the	overview.-the	DET
ftr-476	766	2	service	service	NOUN
ftr-476	766	3	has	have	AUX
ftr-476	766	4	decided	decide	VERB
ftr-476	766	5	that	that	SCONJ
ftr-476	766	6	a	a	DET
ftr-476	766	7	shareholder	shareholder	NOUN
ftr-476	766	8	should	should	AUX
ftr-476	766	9	not	not	PART
ftr-476	766	10	be	be	AUX
ftr-476	766	11	able	able	ADJ
ftr-476	766	12	to	to	PART
ftr-476	766	13	obtain	obtain	VERB
ftr-476	766	14	basis	basis	NOUN
ftr-476	766	15	by	by	ADP
ftr-476	766	16	issuing	issue	VERB
ftr-476	766	17	an	an	DET
ftr-476	766	18	obligation	obligation	NOUN
ftr-476	766	19	to	to	ADP
ftr-476	766	20	a	a	DET
ftr-476	766	21	corporation	corporation	NOUN
ftr-476	766	22	that	that	PRON
ftr-476	766	23	the	the	DET
ftr-476	766	24	shareholder	shareholder	NOUN
ftr-476	766	25	controls	control	VERB
ftr-476	766	26	for	for	ADP
ftr-476	766	27	section	section	NOUN
ftr-476	766	28	351	351	NUM
ftr-476	766	29	purposes	purpose	NOUN
ftr-476	766	30	.	.	PUNCT
ftr-476	767	1	'24	'24	NUM
ftr-476	767	2	it	it	PRON
ftr-476	767	3	has	have	AUX
ftr-476	767	4	extended	extend	VERB
ftr-476	767	5	this	this	DET
ftr-476	767	6	rule	rule	NOUN
ftr-476	767	7	to	to	ADP
ftr-476	767	8	a	a	DET
ftr-476	767	9	partner	partner	NOUN
ftr-476	767	10	's	's	PART
ftr-476	767	11	issuance	issuance	NOUN
ftr-476	767	12	of	of	ADP
ftr-476	767	13	an	an	DET
ftr-476	767	14	obligation	obligation	NOUN
ftr-476	767	15	to	to	ADP
ftr-476	767	16	a	a	DET
ftr-476	767	17	partnership	partnership	NOUN
ftr-476	767	18	,	,	PUNCT
ftr-476	767	19	-	-	PUNCT
ftr-476	767	20	'	'	PUNCT
ftr-476	767	21	although	although	SCONJ
ftr-476	767	22	such	such	DET
ftr-476	767	23	an	an	DET
ftr-476	767	24	obligation	obligation	NOUN
ftr-476	767	25	can	can	AUX
ftr-476	767	26	indirectly	indirectly	ADV
ftr-476	767	27	provide	provide	VERB
ftr-476	767	28	basis	basis	NOUN
ftr-476	767	29	,	,	PUNCT
ftr-476	767	30	as	as	SCONJ
ftr-476	767	31	discussed	discuss	VERB
ftr-476	767	32	below	below	ADV
ftr-476	767	33	.	.	PUNCT
ftr-476	768	1	the	the	DET
ftr-476	768	2	service	service	NOUN
ftr-476	768	3	justifies	justify	VERB
ftr-476	768	4	these	these	DET
ftr-476	768	5	results	result	NOUN
ftr-476	768	6	on	on	ADP
ftr-476	768	7	the	the	DET
ftr-476	768	8	ground	ground	NOUN
ftr-476	768	9	that	that	SCONJ
ftr-476	768	10	the	the	DET
ftr-476	768	11	obligation	obligation	NOUN
ftr-476	768	12	is	be	AUX
ftr-476	768	13	property	property	NOUN
ftr-476	768	14	with	with	ADP
ftr-476	768	15	a	a	DET
ftr-476	768	16	zero	zero	NUM
ftr-476	768	17	basis	basis	NOUN
ftr-476	768	18	.	.	PUNCT
ftr-476	769	1	the	the	DET
ftr-476	769	2	tax	tax	NOUN
ftr-476	769	3	court	court	NOUN
ftr-476	769	4	has	have	AUX
ftr-476	769	5	agreed	agree	VERB
ftr-476	769	6	.	.	PUNCT
ftr-476	770	1	26	26	NUM
ftr-476	770	2	we	we	PRON
ftr-476	770	3	already	already	ADV
ftr-476	770	4	have	have	AUX
ftr-476	770	5	seen	see	VERB
ftr-476	770	6	that	that	SCONJ
ftr-476	770	7	the	the	DET
ftr-476	770	8	zero	zero	NUM
ftr-476	770	9	basis	basis	NOUN
ftr-476	770	10	property	property	NOUN
ftr-476	770	11	rationale	rationale	NOUN
ftr-476	770	12	is	be	AUX
ftr-476	770	13	illogical	illogical	ADJ
ftr-476	770	14	.	.	PUNCT
ftr-476	771	1	nevertheless	nevertheless	ADV
ftr-476	771	2	,	,	PUNCT
ftr-476	771	3	it	it	PRON
ftr-476	771	4	well	well	ADV
ftr-476	771	5	may	may	AUX
ftr-476	771	6	stand	stand	VERB
ftr-476	771	7	because	because	SCONJ
ftr-476	771	8	it	it	PRON
ftr-476	771	9	has	have	VERB
ftr-476	771	10	a	a	DET
ftr-476	771	11	literal	literal	ADJ
ftr-476	771	12	appeal	appeal	NOUN
ftr-476	771	13	and	and	CCONJ
ftr-476	771	14	its	its	PRON
ftr-476	771	15	dangers	danger	NOUN
ftr-476	771	16	can	can	AUX
ftr-476	771	17	be	be	AUX
ftr-476	771	18	planned	plan	VERB
ftr-476	771	19	around	around	ADP
ftr-476	771	20	,	,	PUNCT
ftr-476	771	21	as	as	SCONJ
ftr-476	771	22	discussed	discuss	VERB
ftr-476	771	23	in	in	ADP
ftr-476	771	24	part	part	NOUN
ftr-476	771	25	iv	iv	ADP
ftr-476	771	26	above	above	ADV
ftr-476	771	27	.	.	PUNCT
ftr-476	772	1	the	the	DET
ftr-476	772	2	intriguing	intriguing	ADJ
ftr-476	772	3	question	question	NOUN
ftr-476	772	4	is	be	AUX
ftr-476	772	5	what	what	PRON
ftr-476	772	6	valid	valid	ADJ
ftr-476	772	7	source	source	NOUN
ftr-476	772	8	,	,	PUNCT
ftr-476	772	9	if	if	SCONJ
ftr-476	772	10	any	any	PRON
ftr-476	772	11	,	,	PUNCT
ftr-476	772	12	can	can	AUX
ftr-476	772	13	be	be	AUX
ftr-476	772	14	found	find	VERB
ftr-476	772	15	for	for	ADP
ftr-476	772	16	the	the	DET
ftr-476	772	17	view	view	NOUN
ftr-476	772	18	that	that	SCONJ
ftr-476	772	19	the	the	DET
ftr-476	772	20	obligations	obligation	NOUN
ftr-476	772	21	should	should	AUX
ftr-476	772	22	not	not	PART
ftr-476	772	23	supply	supply	VERB
ftr-476	772	24	basis	basis	NOUN
ftr-476	772	25	?	?	PUNCT
ftr-476	773	1	at	at	ADV
ftr-476	773	2	least	least	ADJ
ftr-476	773	3	in	in	ADP
ftr-476	773	4	the	the	DET
ftr-476	773	5	section	section	NOUN
ftr-476	773	6	351	351	NUM
ftr-476	773	7	case	case	NOUN
ftr-476	773	8	,	,	PUNCT
ftr-476	773	9	it	it	PRON
ftr-476	773	10	must	must	AUX
ftr-476	773	11	be	be	AUX
ftr-476	773	12	that	that	SCONJ
ftr-476	773	13	an	an	DET
ftr-476	773	14	obligation	obligation	NOUN
ftr-476	773	15	given	give	VERB
ftr-476	773	16	to	to	ADP
ftr-476	773	17	a	a	DET
ftr-476	773	18	controlled	control	VERB
ftr-476	773	19	entity	entity	NOUN
ftr-476	773	20	should	should	AUX
ftr-476	773	21	not	not	PART
ftr-476	773	22	generate	generate	VERB
ftr-476	773	23	basis	basis	NOUN
ftr-476	773	24	until	until	SCONJ
ftr-476	773	25	paid	pay	VERB
ftr-476	773	26	(	(	PUNCT
ftr-476	773	27	at	at	ADP
ftr-476	773	28	which	which	DET
ftr-476	773	29	time	time	NOUN
ftr-476	773	30	basis	basis	NOUN
ftr-476	773	31	arises	arise	VERB
ftr-476	773	32	under	under	ADP
ftr-476	773	33	the	the	DET
ftr-476	773	34	rules	rule	NOUN
ftr-476	773	35	for	for	ADP
ftr-476	773	36	capital	capital	NOUN
ftr-476	773	37	contributions	contribution	NOUN
ftr-476	773	38	)	)	PUNCT
ftr-476	773	39	because	because	SCONJ
ftr-476	773	40	the	the	DET
ftr-476	773	41	obligation	obligation	NOUN
ftr-476	773	42	is	be	AUX
ftr-476	773	43	contingent	contingent	ADJ
ftr-476	773	44	on	on	ADP
ftr-476	773	45	a	a	DET
ftr-476	773	46	future	future	ADJ
ftr-476	773	47	choice	choice	NOUN
ftr-476	773	48	whether	whether	SCONJ
ftr-476	773	49	and	and	CCONJ
ftr-476	773	50	when	when	SCONJ
ftr-476	773	51	to	to	PART
ftr-476	773	52	pay	pay	VERB
ftr-476	773	53	the	the	DET
ftr-476	773	54	obligation	obligation	NOUN
ftr-476	773	55	.	.	PUNCT
ftr-476	774	1	the	the	DET
ftr-476	774	2	reality	reality	NOUN
ftr-476	774	3	of	of	ADP
ftr-476	774	4	this	this	DET
ftr-476	774	5	contingency	contingency	NOUN
ftr-476	774	6	has	have	AUX
ftr-476	774	7	not	not	PART
ftr-476	774	8	been	be	AUX
ftr-476	774	9	examined	examine	VERB
ftr-476	774	10	.	.	PUNCT
ftr-476	775	1	2	2	X
ftr-476	775	2	.	.	X
ftr-476	775	3	section	section	NOUN
ftr-476	775	4	351	351	NUM
ftr-476	775	5	transferor.-the	transferor.-the	DET
ftr-476	775	6	service	service	NOUN
ftr-476	775	7	early	early	ADV
ftr-476	775	8	recognized	recognize	VERB
ftr-476	775	9	the	the	DET
ftr-476	775	10	difficult	difficult	ADJ
ftr-476	775	11	issues	issue	NOUN
ftr-476	775	12	attending	attend	VERB
ftr-476	775	13	the	the	DET
ftr-476	775	14	treatment	treatment	NOUN
ftr-476	775	15	of	of	ADP
ftr-476	775	16	shareholder	shareholder	NOUN
ftr-476	775	17	obligations	obligation	NOUN
ftr-476	775	18	issued	issue	VERB
ftr-476	775	19	in	in	ADP
ftr-476	775	20	122	122	NUM
ftr-476	775	21	.	.	PUNCT
ftr-476	775	22	regs	regs	PROPN
ftr-476	775	23	.	.	PUNCT
ftr-476	776	1	§	§	PROPN
ftr-476	776	2	1.1001	1.1001	NUM
ftr-476	776	3	-	-	PUNCT
ftr-476	776	4	1(a	1(a	NUM
ftr-476	776	5	)	)	PUNCT
ftr-476	776	6	.	.	PUNCT
ftr-476	777	1	cf	cf	NOUN
ftr-476	777	2	.	.	PUNCT
ftr-476	778	1	page	page	NOUN
ftr-476	778	2	v.	v.	ADP
ftr-476	778	3	rhode	rhode	PROPN
ftr-476	778	4	island	island	PROPN
ftr-476	778	5	hosp	hosp	PROPN
ftr-476	778	6	.	.	PUNCT
ftr-476	779	1	trust	trust	PROPN
ftr-476	779	2	co.	co.	PROPN
ftr-476	779	3	,	,	PUNCT
ftr-476	779	4	88	88	NUM
ftr-476	779	5	f.2d	f.2d	SYM
ftr-476	779	6	192	192	NUM
ftr-476	779	7	(	(	PUNCT
ftr-476	779	8	1st	1st	ADJ
ftr-476	779	9	cir	cir	NOUN
ftr-476	779	10	.	.	PROPN
ftr-476	779	11	1937	1937	NUM
ftr-476	779	12	)	)	PUNCT
ftr-476	779	13	(	(	PUNCT
ftr-476	779	14	rejecting	reject	VERB
ftr-476	779	15	government	government	NOUN
ftr-476	779	16	's	's	PART
ftr-476	779	17	argument	argument	NOUN
ftr-476	779	18	that	that	SCONJ
ftr-476	779	19	sale	sale	NOUN
ftr-476	779	20	of	of	ADP
ftr-476	779	21	stock	stock	NOUN
ftr-476	779	22	is	be	AUX
ftr-476	779	23	sufficient	sufficient	ADJ
ftr-476	779	24	to	to	PART
ftr-476	779	25	identify	identify	VERB
ftr-476	779	26	time	time	NOUN
ftr-476	779	27	of	of	ADP
ftr-476	779	28	loss	loss	NOUN
ftr-476	779	29	where	where	SCONJ
ftr-476	779	30	substance	substance	NOUN
ftr-476	779	31	of	of	ADP
ftr-476	779	32	transaction	transaction	NOUN
ftr-476	779	33	was	be	AUX
ftr-476	779	34	not	not	PART
ftr-476	779	35	purchase	purchase	NOUN
ftr-476	779	36	and	and	CCONJ
ftr-476	779	37	sale	sale	NOUN
ftr-476	779	38	of	of	ADP
ftr-476	779	39	stock	stock	NOUN
ftr-476	779	40	but	but	CCONJ
ftr-476	779	41	rather	rather	ADV
ftr-476	779	42	was	be	AUX
ftr-476	779	43	a	a	DET
ftr-476	779	44	liability	liability	NOUN
ftr-476	779	45	of	of	ADP
ftr-476	779	46	the	the	DET
ftr-476	779	47	taxpayer	taxpayer	NOUN
ftr-476	779	48	to	to	ADP
ftr-476	779	49	his	his	PRON
ftr-476	779	50	broker	broker	NOUN
ftr-476	779	51	.	.	PUNCT
ftr-476	779	52	)	)	PUNCT
ftr-476	780	1	123	123	NUM
ftr-476	780	2	.	.	PUNCT
ftr-476	781	1	g.c.m	g.c.m	PROPN
ftr-476	781	2	.	.	PROPN
ftr-476	782	1	38003	38003	NUM
ftr-476	782	2	(	(	PUNCT
ftr-476	782	3	july	july	PROPN
ftr-476	782	4	10	10	NUM
ftr-476	782	5	,	,	PUNCT
ftr-476	782	6	1979	1979	NUM
ftr-476	782	7	)	)	PUNCT
ftr-476	782	8	.	.	PUNCT
ftr-476	783	1	124	124	NUM
ftr-476	783	2	.	.	PUNCT
ftr-476	784	1	see	see	VERB
ftr-476	784	2	rev	rev	PROPN
ftr-476	784	3	.	.	PROPN
ftr-476	784	4	rul	rul	PROPN
ftr-476	784	5	.	.	PUNCT
ftr-476	785	1	68	68	NUM
ftr-476	785	2	-	-	SYM
ftr-476	785	3	629	629	NUM
ftr-476	785	4	,	,	PUNCT
ftr-476	785	5	1968	1968	NUM
ftr-476	785	6	-	-	SYM
ftr-476	785	7	2	2	NUM
ftr-476	785	8	c.b	c.b	PROPN
ftr-476	785	9	.	.	PROPN
ftr-476	785	10	154	154	NUM
ftr-476	785	11	(	(	PUNCT
ftr-476	785	12	implying	imply	VERB
ftr-476	785	13	this	this	DET
ftr-476	785	14	result	result	NOUN
ftr-476	785	15	by	by	ADP
ftr-476	785	16	effectively	effectively	ADV
ftr-476	785	17	treating	treat	VERB
ftr-476	785	18	the	the	DET
ftr-476	785	19	transferor	transferor	NOUN
ftr-476	785	20	's	's	PART
ftr-476	785	21	obligation	obligation	NOUN
ftr-476	785	22	as	as	ADP
ftr-476	785	23	§	§	PROPN
ftr-476	785	24	351	351	NUM
ftr-476	785	25	property	property	NOUN
ftr-476	785	26	with	with	ADP
ftr-476	785	27	a	a	DET
ftr-476	785	28	zero	zero	NUM
ftr-476	785	29	basis	basis	NOUN
ftr-476	785	30	)	)	PUNCT
ftr-476	785	31	.	.	PUNCT
ftr-476	786	1	125	125	NUM
ftr-476	786	2	.	.	PUNCT
ftr-476	786	3	rev	rev	PROPN
ftr-476	786	4	.	.	PUNCT
ftr-476	787	1	rul	rul	PROPN
ftr-476	787	2	.	.	PUNCT
ftr-476	787	3	80	80	NUM
ftr-476	787	4	-	-	SYM
ftr-476	787	5	235	235	NUM
ftr-476	787	6	,	,	PUNCT
ftr-476	787	7	1980	1980	NUM
ftr-476	787	8	-	-	SYM
ftr-476	787	9	2	2	NUM
ftr-476	787	10	c.b	c.b	PROPN
ftr-476	787	11	.	.	PROPN
ftr-476	787	12	229	229	NUM
ftr-476	787	13	.	.	PUNCT
ftr-476	787	14	126	126	NUM
ftr-476	787	15	.	.	PUNCT
ftr-476	788	1	for	for	ADP
ftr-476	788	2	the	the	DET
ftr-476	788	3	rule	rule	NOUN
ftr-476	788	4	in	in	ADP
ftr-476	788	5	partnership	partnership	NOUN
ftr-476	788	6	cases	case	NOUN
ftr-476	788	7	,	,	PUNCT
ftr-476	788	8	see	see	VERB
ftr-476	788	9	bussing	buss	VERB
ftr-476	788	10	v.	v.	ADP
ftr-476	788	11	commissioner	commissioner	NOUN
ftr-476	788	12	.	.	PUNCT
ftr-476	789	1	88	88	NUM
ftr-476	789	2	t.c	t.c	PROPN
ftr-476	789	3	.	.	PROPN
ftr-476	789	4	449	449	NUM
ftr-476	789	5	.	.	PUNCT
ftr-476	790	1	463	463	NUM
ftr-476	790	2	-	-	SYM
ftr-476	790	3	64	64	NUM
ftr-476	790	4	,	,	PUNCT
ftr-476	790	5	supplemental	supplemental	ADJ
ftr-476	790	6	opinion	opinion	NOUN
ftr-476	790	7	,	,	PUNCT
ftr-476	790	8	89	89	NUM
ftr-476	790	9	t.c	t.c	PROPN
ftr-476	790	10	.	.	PROPN
ftr-476	790	11	1050	1050	NUM
ftr-476	790	12	(	(	PUNCT
ftr-476	790	13	1987	1987	NUM
ftr-476	790	14	):	):	PUNCT
ftr-476	790	15	oden	oden	PROPN
ftr-476	790	16	v.	v.	PROPN
ftr-476	790	17	commissioner	commissioner	PROPN
ftr-476	790	18	.	.	PUNCT
ftr-476	791	1	41	41	NUM
ftr-476	791	2	t.c	t.c	PROPN
ftr-476	791	3	.	.	PROPN
ftr-476	791	4	memo	memo	NOUN
ftr-476	791	5	(	(	PUNCT
ftr-476	791	6	cch	cch	PROPN
ftr-476	791	7	)	)	PUNCT
ftr-476	791	8	1285	1285	NUM
ftr-476	791	9	,	,	PUNCT
ftr-476	791	10	t.c	t.c	PROPN
ftr-476	791	11	.	.	PROPN
ftr-476	791	12	memo	memo	NOUN
ftr-476	791	13	.	.	PUNCT
ftr-476	792	1	(	(	PUNCT
ftr-476	792	2	p	p	X
ftr-476	792	3	-	-	PUNCT
ftr-476	792	4	h	h	NOUN
ftr-476	792	5	)	)	PUNCT
ftr-476	792	6	81,184	81,184	NUM
ftr-476	792	7	(	(	PUNCT
ftr-476	792	8	1981	1981	NUM
ftr-476	792	9	)	)	PUNCT
ftr-476	792	10	,	,	PUNCT
ftr-476	792	11	affd	affd	PROPN
ftr-476	792	12	,	,	PUNCT
ftr-476	792	13	679	679	NUM
ftr-476	792	14	f.2d	f.2d	NOUN
ftr-476	792	15	885	885	NUM
ftr-476	792	16	(	(	PUNCT
ftr-476	792	17	4th	4th	ADJ
ftr-476	792	18	cir	cir	NOUN
ftr-476	792	19	.	.	PROPN
ftr-476	792	20	1982	1982	NUM
ftr-476	792	21	)	)	PUNCT
ftr-476	792	22	.	.	PUNCT
ftr-476	793	1	19941	19941	NUM
ftr-476	793	2	florida	florida	PROPN
ftr-476	793	3	tax	tax	PROPN
ftr-476	793	4	review	review	NOUN
ftr-476	793	5	connection	connection	NOUN
ftr-476	793	6	with	with	ADP
ftr-476	793	7	section	section	NOUN
ftr-476	793	8	351	351	NUM
ftr-476	793	9	transactions	transaction	NOUN
ftr-476	793	10	.	.	PUNCT
ftr-476	794	1	therefore	therefore	ADV
ftr-476	794	2	,	,	PUNCT
ftr-476	794	3	it	it	PRON
ftr-476	794	4	perhaps	perhaps	ADV
ftr-476	794	5	wisely	wisely	ADV
ftr-476	794	6	chose	choose	VERB
ftr-476	794	7	to	to	PART
ftr-476	794	8	address	address	VERB
ftr-476	794	9	those	those	DET
ftr-476	794	10	issues	issue	NOUN
ftr-476	794	11	as	as	ADV
ftr-476	794	12	vaguely	vaguely	ADV
ftr-476	794	13	as	as	ADP
ftr-476	794	14	possible	possible	ADJ
ftr-476	794	15	in	in	ADP
ftr-476	794	16	revenue	revenue	NOUN
ftr-476	794	17	ruling	rule	VERB
ftr-476	794	18	68	68	NUM
ftr-476	794	19	-	-	SYM
ftr-476	794	20	629,27	629,27	NUM
ftr-476	794	21	the	the	DET
ftr-476	794	22	starting	starting	NOUN
ftr-476	794	23	point	point	NOUN
ftr-476	794	24	for	for	ADP
ftr-476	794	25	the	the	DET
ftr-476	794	26	service	service	NOUN
ftr-476	794	27	's	's	PART
ftr-476	794	28	and	and	CCONJ
ftr-476	794	29	tax	tax	NOUN
ftr-476	794	30	court	court	NOUN
ftr-476	794	31	's	's	PART
ftr-476	794	32	current	current	ADJ
ftr-476	794	33	views	view	NOUN
ftr-476	794	34	on	on	ADP
ftr-476	794	35	basis	basis	NOUN
ftr-476	794	36	for	for	ADP
ftr-476	794	37	obligations	obligation	NOUN
ftr-476	794	38	transferred	transfer	VERB
ftr-476	794	39	to	to	ADP
ftr-476	794	40	corporations	corporation	NOUN
ftr-476	794	41	and	and	CCONJ
ftr-476	794	42	partnerships	partnership	NOUN
ftr-476	794	43	.	.	PUNCT
ftr-476	795	1	that	that	DET
ftr-476	795	2	ruling	ruling	NOUN
ftr-476	795	3	was	be	AUX
ftr-476	795	4	guided	guide	VERB
ftr-476	795	5	by	by	ADP
ftr-476	795	6	general	general	ADJ
ftr-476	795	7	counsel	counsel	NOUN
ftr-476	795	8	memorandum	memorandum	NOUN
ftr-476	795	9	33937	33937	NUM
ftr-476	795	10	.	.	PUNCT
ftr-476	796	1	128	128	NUM
ftr-476	796	2	the	the	DET
ftr-476	796	3	g.c.m	g.c.m	NOUN
ftr-476	796	4	.	.	PUNCT
ftr-476	796	5	is	be	AUX
ftr-476	796	6	fascinating	fascinating	ADJ
ftr-476	796	7	in	in	ADP
ftr-476	796	8	the	the	DET
ftr-476	796	9	concerns	concern	NOUN
ftr-476	796	10	it	it	PRON
ftr-476	796	11	reveals	reveal	VERB
ftr-476	796	12	and	and	CCONJ
ftr-476	796	13	the	the	DET
ftr-476	796	14	mental	mental	ADJ
ftr-476	796	15	gymnastics	gymnastic	NOUN
ftr-476	796	16	it	it	PRON
ftr-476	796	17	employs	employ	VERB
ftr-476	796	18	to	to	PART
ftr-476	796	19	reach	reach	VERB
ftr-476	796	20	the	the	DET
ftr-476	796	21	result	result	NOUN
ftr-476	796	22	that	that	SCONJ
ftr-476	796	23	the	the	DET
ftr-476	796	24	transferor	transferor	NOUN
ftr-476	796	25	's	's	PART
ftr-476	796	26	obligation	obligation	NOUN
ftr-476	796	27	does	do	AUX
ftr-476	796	28	not	not	PART
ftr-476	796	29	reduce	reduce	VERB
ftr-476	796	30	the	the	DET
ftr-476	796	31	section	section	NOUN
ftr-476	796	32	357(c	357(c	PROPN
ftr-476	796	33	)	)	PUNCT
ftr-476	796	34	gain	gain	NOUN
ftr-476	796	35	recognition	recognition	NOUN
ftr-476	796	36	.	.	PUNCT
ftr-476	797	1	the	the	PRON
ftr-476	797	2	g.c.m	g.c.m	PROPN
ftr-476	797	3	.	.	PROPN
ftr-476	797	4	expressed	express	VERB
ftr-476	797	5	concern	concern	NOUN
ftr-476	797	6	about	about	ADP
ftr-476	797	7	characterizing	characterize	VERB
ftr-476	797	8	the	the	DET
ftr-476	797	9	transferor	transferor	NOUN
ftr-476	797	10	's	's	PART
ftr-476	797	11	obligation	obligation	NOUN
ftr-476	797	12	as	as	ADP
ftr-476	797	13	a	a	DET
ftr-476	797	14	contract	contract	NOUN
ftr-476	797	15	calling	call	VERB
ftr-476	797	16	for	for	ADP
ftr-476	797	17	future	future	ADJ
ftr-476	797	18	contributions	contribution	NOUN
ftr-476	797	19	to	to	ADP
ftr-476	797	20	capital	capital	NOUN
ftr-476	797	21	and	and	CCONJ
ftr-476	797	22	about	about	ADP
ftr-476	797	23	identifying	identify	VERB
ftr-476	797	24	the	the	DET
ftr-476	797	25	amount	amount	NOUN
ftr-476	797	26	of	of	ADP
ftr-476	797	27	stock	stock	NOUN
ftr-476	797	28	basis	basis	NOUN
ftr-476	797	29	acquired	acquire	VERB
ftr-476	797	30	by	by	ADP
ftr-476	797	31	transferor	transferor	NOUN
ftr-476	797	32	for	for	ADP
ftr-476	797	33	his	his	PRON
ftr-476	797	34	obligation	obligation	NOUN
ftr-476	797	35	.	.	PUNCT
ftr-476	798	1	the	the	DET
ftr-476	798	2	g.c.m	g.c.m	PROPN
ftr-476	798	3	.	.	PROPN
ftr-476	798	4	implied	imply	VERB
ftr-476	798	5	that	that	SCONJ
ftr-476	798	6	the	the	DET
ftr-476	798	7	obligation	obligation	NOUN
ftr-476	798	8	could	could	AUX
ftr-476	798	9	be	be	AUX
ftr-476	798	10	a	a	DET
ftr-476	798	11	current	current	ADJ
ftr-476	798	12	contribution	contribution	NOUN
ftr-476	798	13	to	to	ADP
ftr-476	798	14	capital	capital	NOUN
ftr-476	798	15	,	,	PUNCT
ftr-476	798	16	but	but	CCONJ
ftr-476	798	17	the	the	DET
ftr-476	798	18	authors	author	NOUN
ftr-476	798	19	of	of	ADP
ftr-476	798	20	the	the	DET
ftr-476	798	21	g.c.m	g.c.m	NOUN
ftr-476	798	22	.	.	PUNCT
ftr-476	799	1	apparently	apparently	ADV
ftr-476	799	2	feared	fear	VERB
ftr-476	799	3	that	that	SCONJ
ftr-476	799	4	characterization	characterization	NOUN
ftr-476	799	5	of	of	ADP
ftr-476	799	6	the	the	DET
ftr-476	799	7	obligation	obligation	NOUN
ftr-476	799	8	as	as	ADP
ftr-476	799	9	a	a	DET
ftr-476	799	10	current	current	ADJ
ftr-476	799	11	or	or	CCONJ
ftr-476	799	12	future	future	ADJ
ftr-476	799	13	contribution	contribution	NOUN
ftr-476	799	14	to	to	ADP
ftr-476	799	15	capital	capital	NOUN
ftr-476	799	16	might	might	AUX
ftr-476	799	17	somehow	somehow	ADV
ftr-476	799	18	preclude	preclude	VERB
ftr-476	799	19	calling	call	VERB
ftr-476	799	20	the	the	DET
ftr-476	799	21	obligation	obligation	NOUN
ftr-476	799	22	"	"	PUNCT
ftr-476	799	23	property	property	NOUN
ftr-476	799	24	"	"	PUNCT
ftr-476	799	25	(	(	PUNCT
ftr-476	799	26	with	with	ADP
ftr-476	799	27	a	a	DET
ftr-476	799	28	zero	zero	NUM
ftr-476	799	29	basis	basis	NOUN
ftr-476	799	30	)	)	PUNCT
ftr-476	799	31	that	that	PRON
ftr-476	799	32	was	be	AUX
ftr-476	799	33	transferred	transfer	VERB
ftr-476	799	34	as	as	ADP
ftr-476	799	35	part	part	NOUN
ftr-476	799	36	of	of	ADP
ftr-476	799	37	the	the	DET
ftr-476	799	38	section	section	NOUN
ftr-476	799	39	351	351	NUM
ftr-476	799	40	transaction	transaction	NOUN
ftr-476	799	41	.	.	PUNCT
ftr-476	800	1	nevertheless	nevertheless	ADV
ftr-476	800	2	,	,	PUNCT
ftr-476	800	3	neither	neither	CCONJ
ftr-476	800	4	the	the	DET
ftr-476	800	5	g.c.m	g.c.m	NOUN
ftr-476	800	6	.	.	PUNCT
ftr-476	800	7	nor	nor	CCONJ
ftr-476	800	8	revenue	revenue	NOUN
ftr-476	800	9	ruling	rule	VERB
ftr-476	800	10	68	68	NUM
ftr-476	800	11	-	-	SYM
ftr-476	800	12	629	629	NUM
ftr-476	800	13	calls	call	VERB
ftr-476	800	14	the	the	DET
ftr-476	800	15	obligation	obligation	NOUN
ftr-476	800	16	"	"	PUNCT
ftr-476	800	17	property	property	NOUN
ftr-476	800	18	.	.	PUNCT
ftr-476	800	19	"	"	PUNCT
ftr-476	801	1	rather	rather	ADV
ftr-476	801	2	,	,	PUNCT
ftr-476	801	3	the	the	DET
ftr-476	801	4	g.c.m	g.c.m	NOUN
ftr-476	801	5	.	.	PROPN
ftr-476	801	6	's	's	PART
ftr-476	801	7	conclusion	conclusion	NOUN
ftr-476	801	8	springs	spring	NOUN
ftr-476	801	9	from	from	ADP
ftr-476	801	10	the	the	DET
ftr-476	801	11	assertion	assertion	NOUN
ftr-476	801	12	that	that	SCONJ
ftr-476	801	13	the	the	DET
ftr-476	801	14	transferor	transferor	NOUN
ftr-476	801	15	could	could	AUX
ftr-476	801	16	not	not	PART
ftr-476	801	17	obtain	obtain	VERB
ftr-476	801	18	immediate	immediate	ADJ
ftr-476	801	19	stock	stock	NOUN
ftr-476	801	20	basis	basis	NOUN
ftr-476	801	21	for	for	ADP
ftr-476	801	22	the	the	DET
ftr-476	801	23	obligation	obligation	NOUN
ftr-476	801	24	because	because	SCONJ
ftr-476	801	25	it	it	PRON
ftr-476	801	26	was	be	AUX
ftr-476	801	27	given	give	VERB
ftr-476	801	28	in	in	ADP
ftr-476	801	29	a	a	DET
ftr-476	801	30	nonrecognition	nonrecognition	NOUN
ftr-476	801	31	transaction	transaction	NOUN
ftr-476	801	32	.	.	PUNCT
ftr-476	802	1	the	the	DET
ftr-476	802	2	g.c.m	g.c.m	NOUN
ftr-476	802	3	.	.	PROPN
ftr-476	802	4	acknowledged	acknowledge	VERB
ftr-476	802	5	that	that	SCONJ
ftr-476	802	6	a	a	DET
ftr-476	802	7	transferor	transferor	NOUN
ftr-476	802	8	can	can	AUX
ftr-476	802	9	obtain	obtain	VERB
ftr-476	802	10	stock	stock	NOUN
ftr-476	802	11	basis	basis	NOUN
ftr-476	802	12	by	by	ADP
ftr-476	802	13	issuing	issue	VERB
ftr-476	802	14	an	an	DET
ftr-476	802	15	obligation	obligation	NOUN
ftr-476	802	16	in	in	ADP
ftr-476	802	17	a	a	DET
ftr-476	802	18	recognition	recognition	NOUN
ftr-476	802	19	transaction	transaction	NOUN
ftr-476	802	20	(	(	PUNCT
ftr-476	802	21	see	see	VERB
ftr-476	802	22	section	section	NOUN
ftr-476	802	23	b	b	NOUN
ftr-476	802	24	above	above	ADV
ftr-476	802	25	)	)	PUNCT
ftr-476	802	26	or	or	CCONJ
ftr-476	802	27	by	by	ADP
ftr-476	802	28	a	a	DET
ftr-476	802	29	contribution	contribution	NOUN
ftr-476	802	30	to	to	ADP
ftr-476	802	31	capital	capital	NOUN
ftr-476	802	32	of	of	ADP
ftr-476	802	33	an	an	DET
ftr-476	802	34	item	item	NOUN
ftr-476	802	35	in	in	ADP
ftr-476	802	36	which	which	PRON
ftr-476	802	37	the	the	DET
ftr-476	802	38	transferor	transferor	NOUN
ftr-476	802	39	has	have	VERB
ftr-476	802	40	basis	basis	NOUN
ftr-476	802	41	(	(	PUNCT
ftr-476	802	42	such	such	ADJ
ftr-476	802	43	as	as	ADP
ftr-476	802	44	the	the	DET
ftr-476	802	45	cash	cash	NOUN
ftr-476	802	46	payment	payment	NOUN
ftr-476	802	47	of	of	ADP
ftr-476	802	48	the	the	DET
ftr-476	802	49	obligation	obligation	NOUN
ftr-476	802	50	)	)	PUNCT
ftr-476	802	51	,	,	PUNCT
ftr-476	802	52	but	but	CCONJ
ftr-476	802	53	asserted	assert	VERB
ftr-476	802	54	that	that	SCONJ
ftr-476	802	55	crane129	crane129	PROPN
ftr-476	802	56	did	do	AUX
ftr-476	802	57	not	not	PART
ftr-476	802	58	apply	apply	VERB
ftr-476	802	59	to	to	PART
ftr-476	802	60	provide	provide	VERB
ftr-476	802	61	basis	basis	NOUN
ftr-476	802	62	for	for	ADP
ftr-476	802	63	an	an	DET
ftr-476	802	64	obligation	obligation	NOUN
ftr-476	802	65	given	give	VERB
ftr-476	802	66	in	in	ADP
ftr-476	802	67	a	a	DET
ftr-476	802	68	nonrecognition	nonrecognition	NOUN
ftr-476	802	69	transaction	transaction	NOUN
ftr-476	802	70	.	.	PUNCT
ftr-476	803	1	the	the	DET
ftr-476	803	2	necessary	necessary	ADJ
ftr-476	803	3	implication	implication	NOUN
ftr-476	803	4	of	of	ADP
ftr-476	803	5	this	this	DET
ftr-476	803	6	assertion	assertion	NOUN
ftr-476	803	7	is	be	AUX
ftr-476	803	8	that	that	SCONJ
ftr-476	803	9	it	it	PRON
ftr-476	803	10	is	be	AUX
ftr-476	803	11	impossible	impossible	ADJ
ftr-476	803	12	to	to	PART
ftr-476	803	13	separate	separate	VERB
ftr-476	803	14	a	a	DET
ftr-476	803	15	controlling	control	VERB
ftr-476	803	16	shareholder	shareholder	NOUN
ftr-476	803	17	's	's	PART
ftr-476	803	18	obligation	obligation	NOUN
ftr-476	803	19	from	from	ADP
ftr-476	803	20	a	a	DET
ftr-476	803	21	related	relate	VERB
ftr-476	803	22	section	section	NOUN
ftr-476	803	23	351	351	NUM
ftr-476	803	24	exchange	exchange	NOUN
ftr-476	803	25	.	.	PUNCT
ftr-476	804	1	assuming	assume	VERB
ftr-476	804	2	that	that	SCONJ
ftr-476	804	3	impossibility	impossibility	NOUN
ftr-476	804	4	,	,	PUNCT
ftr-476	804	5	the	the	DET
ftr-476	804	6	service	service	NOUN
ftr-476	804	7	must	must	AUX
ftr-476	804	8	have	have	AUX
ftr-476	804	9	felt	felt	AUX
ftr-476	804	10	compelled	compel	VERB
ftr-476	804	11	to	to	PART
ftr-476	804	12	deal	deal	VERB
ftr-476	804	13	with	with	ADP
ftr-476	804	14	the	the	DET
ftr-476	804	15	obligation	obligation	NOUN
ftr-476	804	16	within	within	ADP
ftr-476	804	17	the	the	DET
ftr-476	804	18	rules	rule	NOUN
ftr-476	804	19	for	for	ADP
ftr-476	804	20	section	section	NOUN
ftr-476	804	21	351	351	NUM
ftr-476	804	22	exchanges	exchange	NOUN
ftr-476	804	23	,	,	PUNCT
ftr-476	804	24	and	and	CCONJ
ftr-476	804	25	the	the	DET
ftr-476	804	26	only	only	ADJ
ftr-476	804	27	pigeonhole	pigeonhole	NOUN
ftr-476	804	28	available	available	ADJ
ftr-476	804	29	was	be	AUX
ftr-476	804	30	to	to	PART
ftr-476	804	31	treat	treat	VERB
ftr-476	804	32	the	the	DET
ftr-476	804	33	obligation	obligation	NOUN
ftr-476	804	34	as	as	ADP
ftr-476	804	35	property	property	NOUN
ftr-476	804	36	with	with	ADP
ftr-476	804	37	a	a	DET
ftr-476	804	38	zero	zero	NUM
ftr-476	804	39	basis	basis	NOUN
ftr-476	804	40	.	.	PUNCT
ftr-476	805	1	in	in	ADP
ftr-476	805	2	effect	effect	NOUN
ftr-476	805	3	,	,	PUNCT
ftr-476	805	4	that	that	PRON
ftr-476	805	5	is	be	AUX
ftr-476	805	6	what	what	PRON
ftr-476	805	7	revenue	revenue	NOUN
ftr-476	805	8	ruling	rule	VERB
ftr-476	805	9	68	68	NUM
ftr-476	805	10	-	-	SYM
ftr-476	805	11	629	629	NUM
ftr-476	805	12	did	do	VERB
ftr-476	805	13	in	in	ADP
ftr-476	805	14	stating	state	VERB
ftr-476	805	15	,	,	PUNCT
ftr-476	805	16	"	"	PUNCT
ftr-476	805	17	since	since	SCONJ
ftr-476	805	18	the	the	DET
ftr-476	805	19	taxpayer	taxpayer	NOUN
ftr-476	805	20	incurred	incur	VERB
ftr-476	805	21	no	no	DET
ftr-476	805	22	cost	cost	NOUN
ftr-476	805	23	in	in	ADP
ftr-476	805	24	making	make	VERB
ftr-476	805	25	the	the	DET
ftr-476	805	26	note	note	NOUN
ftr-476	805	27	,	,	PUNCT
ftr-476	805	28	its	its	PRON
ftr-476	805	29	basis	basis	NOUN
ftr-476	805	30	to	to	ADP
ftr-476	805	31	him	he	PRON
ftr-476	805	32	was	be	AUX
ftr-476	805	33	zero	zero	NUM
ftr-476	805	34	.	.	PUNCT
ftr-476	806	1	therefore	therefore	ADV
ftr-476	806	2	,	,	PUNCT
ftr-476	806	3	the	the	DET
ftr-476	806	4	transfer	transfer	NOUN
ftr-476	806	5	of	of	ADP
ftr-476	806	6	the	the	DET
ftr-476	806	7	note	note	NOUN
ftr-476	806	8	to	to	ADP
ftr-476	806	9	the	the	DET
ftr-476	806	10	corporation	corporation	NOUN
ftr-476	806	11	did	do	AUX
ftr-476	806	12	not	not	PART
ftr-476	806	13	increase	increase	VERB
ftr-476	806	14	the	the	DET
ftr-476	806	15	basis	basis	NOUN
ftr-476	806	16	of	of	ADP
ftr-476	806	17	the	the	DET
ftr-476	806	18	assets	asset	NOUN
ftr-476	806	19	transferred	transfer	VERB
ftr-476	806	20	.	.	PUNCT
ftr-476	807	1	"	"	PUNCT
ftr-476	807	2	'	'	PUNCT
ftr-476	807	3	130	130	NUM
ftr-476	807	4	in	in	ADP
ftr-476	807	5	other	other	ADJ
ftr-476	807	6	contexts	contexts	NOUN
ftr-476	807	7	,	,	PUNCT
ftr-476	807	8	contemporaneous	contemporaneous	ADJ
ftr-476	807	9	purchase	purchase	NOUN
ftr-476	807	10	and	and	CCONJ
ftr-476	807	11	nonrecognition	nonrecognition	NOUN
ftr-476	807	12	transactions	transaction	NOUN
ftr-476	807	13	are	be	AUX
ftr-476	807	14	given	give	VERB
ftr-476	807	15	separate	separate	ADJ
ftr-476	807	16	significance	significance	NOUN
ftr-476	807	17	for	for	ADP
ftr-476	807	18	basis	basis	NOUN
ftr-476	807	19	purposes	purpose	NOUN
ftr-476	807	20	.	.	PUNCT
ftr-476	808	1	for	for	ADP
ftr-476	808	2	example	example	NOUN
ftr-476	808	3	,	,	PUNCT
ftr-476	808	4	the	the	DET
ftr-476	808	5	regulations	regulation	NOUN
ftr-476	808	6	under	under	ADP
ftr-476	808	7	section	section	NOUN
ftr-476	808	8	1031	1031	NUM
ftr-476	808	9	provide	provide	VERB
ftr-476	808	10	that	that	SCONJ
ftr-476	808	11	the	the	DET
ftr-476	808	12	basis	basis	NOUN
ftr-476	808	13	of	of	ADP
ftr-476	808	14	property	property	NOUN
ftr-476	808	15	acquired	acquire	VERB
ftr-476	808	16	127	127	NUM
ftr-476	808	17	.	.	PUNCT
ftr-476	809	1	1968	1968	NUM
ftr-476	809	2	-	-	SYM
ftr-476	809	3	2	2	NUM
ftr-476	809	4	c.b	c.b	PROPN
ftr-476	809	5	.	.	PROPN
ftr-476	809	6	154	154	NUM
ftr-476	809	7	.	.	PUNCT
ftr-476	809	8	128	128	NUM
ftr-476	809	9	.	.	PUNCT
ftr-476	809	10	g.c.m	g.c.m	PROPN
ftr-476	809	11	.	.	PROPN
ftr-476	809	12	33937	33937	NUM
ftr-476	809	13	(	(	PUNCT
ftr-476	809	14	sept	sept	PROPN
ftr-476	809	15	.	.	PROPN
ftr-476	809	16	30	30	NUM
ftr-476	809	17	,	,	PUNCT
ftr-476	809	18	1968	1968	NUM
ftr-476	809	19	)	)	PUNCT
ftr-476	809	20	.	.	PUNCT
ftr-476	810	1	129	129	NUM
ftr-476	810	2	.	.	PUNCT
ftr-476	811	1	crane	crane	PROPN
ftr-476	811	2	v.	v.	PROPN
ftr-476	811	3	commissioner	commissioner	PROPN
ftr-476	811	4	,	,	PUNCT
ftr-476	811	5	331	331	NUM
ftr-476	811	6	u.s	u.s	PROPN
ftr-476	811	7	.	.	PROPN
ftr-476	811	8	1	1	NUM
ftr-476	811	9	(	(	PUNCT
ftr-476	811	10	1947	1947	NUM
ftr-476	811	11	)	)	PUNCT
ftr-476	811	12	(	(	PUNCT
ftr-476	811	13	confirming	confirm	VERB
ftr-476	811	14	that	that	SCONJ
ftr-476	811	15	basis	basis	NOUN
ftr-476	811	16	is	be	AUX
ftr-476	811	17	obtained	obtain	VERB
ftr-476	811	18	by	by	ADP
ftr-476	811	19	a	a	DET
ftr-476	811	20	purchase	purchase	NOUN
ftr-476	811	21	money	money	NOUN
ftr-476	811	22	obligation	obligation	NOUN
ftr-476	811	23	)	)	PUNCT
ftr-476	811	24	.	.	PUNCT
ftr-476	812	1	130	130	NUM
ftr-476	812	2	.	.	X
ftr-476	812	3	1968	1968	NUM
ftr-476	812	4	-	-	SYM
ftr-476	812	5	2	2	NUM
ftr-476	812	6	c.b	c.b	PROPN
ftr-476	812	7	.	.	PROPN
ftr-476	812	8	154	154	NUM
ftr-476	812	9	,	,	PUNCT
ftr-476	812	10	155	155	NUM
ftr-476	812	11	.	.	PUNCT
ftr-476	813	1	[	[	X
ftr-476	813	2	vol	vol	NOUN
ftr-476	813	3	2:5	2:5	NUM
ftr-476	813	4	zero	zero	NUM
ftr-476	813	5	basis	basis	NOUN
ftr-476	813	6	hoar	hoar	NOUN
ftr-476	813	7	in	in	ADP
ftr-476	813	8	a	a	DET
ftr-476	813	9	like	like	ADJ
ftr-476	813	10	kind	kind	NOUN
ftr-476	813	11	exchange	exchange	NOUN
ftr-476	813	12	is	be	AUX
ftr-476	813	13	increased	increase	VERB
ftr-476	813	14	by	by	ADP
ftr-476	813	15	any	any	DET
ftr-476	813	16	consideration	consideration	NOUN
ftr-476	813	17	given	give	VERB
ftr-476	813	18	in	in	ADP
ftr-476	813	19	addition	addition	NOUN
ftr-476	813	20	to	to	ADP
ftr-476	813	21	the	the	DET
ftr-476	813	22	like	like	INTJ
ftr-476	813	23	kind	kind	ADJ
ftr-476	813	24	property	property	NOUN
ftr-476	813	25	transferred	transfer	VERB
ftr-476	813	26	in	in	ADP
ftr-476	813	27	the	the	DET
ftr-476	813	28	exchange	exchange	NOUN
ftr-476	813	29	.	.	PUNCT
ftr-476	814	1	"	"	PUNCT
ftr-476	814	2	'	'	PUNCT
ftr-476	814	3	this	this	PRON
ftr-476	814	4	surely	surely	ADV
ftr-476	814	5	means	mean	VERB
ftr-476	814	6	that	that	SCONJ
ftr-476	814	7	if	if	SCONJ
ftr-476	814	8	an	an	DET
ftr-476	814	9	obligation	obligation	NOUN
ftr-476	814	10	is	be	AUX
ftr-476	814	11	given	give	VERB
ftr-476	814	12	as	as	ADP
ftr-476	814	13	boot	boot	NOUN
ftr-476	814	14	in	in	ADP
ftr-476	814	15	a	a	DET
ftr-476	814	16	section	section	NOUN
ftr-476	814	17	1031	1031	NUM
ftr-476	814	18	exchange	exchange	NOUN
ftr-476	814	19	,	,	PUNCT
ftr-476	814	20	the	the	DET
ftr-476	814	21	obligor	obligor	NOUN
ftr-476	814	22	's	's	PART
ftr-476	814	23	basis	basis	NOUN
ftr-476	814	24	in	in	ADP
ftr-476	814	25	the	the	DET
ftr-476	814	26	property	property	NOUN
ftr-476	814	27	received	receive	VERB
ftr-476	814	28	is	be	AUX
ftr-476	814	29	increased	increase	VERB
ftr-476	814	30	by	by	ADP
ftr-476	814	31	the	the	DET
ftr-476	814	32	amount	amount	NOUN
ftr-476	814	33	of	of	ADP
ftr-476	814	34	the	the	DET
ftr-476	814	35	obligation	obligation	NOUN
ftr-476	814	36	.	.	PUNCT
ftr-476	815	1	the	the	DET
ftr-476	815	2	fact	fact	NOUN
ftr-476	815	3	that	that	SCONJ
ftr-476	815	4	a	a	DET
ftr-476	815	5	like	like	ADJ
ftr-476	815	6	kind	kind	NOUN
ftr-476	815	7	exchange	exchange	NOUN
ftr-476	815	8	is	be	AUX
ftr-476	815	9	occurring	occur	VERB
ftr-476	815	10	at	at	ADP
ftr-476	815	11	the	the	DET
ftr-476	815	12	same	same	ADJ
ftr-476	815	13	time	time	NOUN
ftr-476	815	14	can	can	AUX
ftr-476	815	15	not	not	PART
ftr-476	815	16	prevent	prevent	VERB
ftr-476	815	17	the	the	DET
ftr-476	815	18	acquisition	acquisition	NOUN
ftr-476	815	19	of	of	ADP
ftr-476	815	20	crane	crane	NOUN
ftr-476	815	21	basis	basis	NOUN
ftr-476	815	22	.	.	PUNCT
ftr-476	816	1	under	under	ADP
ftr-476	816	2	the	the	DET
ftr-476	816	3	regulations	regulation	NOUN
ftr-476	816	4	,	,	PUNCT
ftr-476	816	5	a	a	DET
ftr-476	816	6	taxpayer	taxpayer	NOUN
ftr-476	816	7	who	who	PRON
ftr-476	816	8	pays	pay	VERB
ftr-476	816	9	cash	cash	NOUN
ftr-476	816	10	boot	boot	NOUN
ftr-476	816	11	in	in	ADP
ftr-476	816	12	a	a	DET
ftr-476	816	13	like	like	ADJ
ftr-476	816	14	kind	kind	NOUN
ftr-476	816	15	exchange	exchange	NOUN
ftr-476	816	16	takes	take	VERB
ftr-476	816	17	a	a	DET
ftr-476	816	18	basis	basis	NOUN
ftr-476	816	19	for	for	ADP
ftr-476	816	20	the	the	DET
ftr-476	816	21	property	property	NOUN
ftr-476	816	22	received	receive	VERB
ftr-476	816	23	equal	equal	ADJ
ftr-476	816	24	to	to	ADP
ftr-476	816	25	the	the	DET
ftr-476	816	26	sum	sum	NOUN
ftr-476	816	27	of	of	ADP
ftr-476	816	28	the	the	DET
ftr-476	816	29	money	money	NOUN
ftr-476	816	30	and	and	CCONJ
ftr-476	816	31	the	the	DET
ftr-476	816	32	basis	basis	NOUN
ftr-476	816	33	of	of	ADP
ftr-476	816	34	the	the	DET
ftr-476	816	35	exchanged	exchange	VERB
ftr-476	816	36	property	property	NOUN
ftr-476	816	37	,	,	PUNCT
ftr-476	816	38	and	and	CCONJ
ftr-476	816	39	crane	crane	NOUN
ftr-476	816	40	teaches	teach	VERB
ftr-476	816	41	that	that	PRON
ftr-476	816	42	for	for	ADP
ftr-476	816	43	the	the	DET
ftr-476	816	44	purpose	purpose	NOUN
ftr-476	816	45	of	of	ADP
ftr-476	816	46	determining	determine	VERB
ftr-476	816	47	basis	basis	NOUN
ftr-476	816	48	,	,	PUNCT
ftr-476	816	49	the	the	DET
ftr-476	816	50	issuance	issuance	NOUN
ftr-476	816	51	of	of	ADP
ftr-476	816	52	a	a	DET
ftr-476	816	53	note	note	NOUN
ftr-476	816	54	is	be	AUX
ftr-476	816	55	equivalent	equivalent	ADJ
ftr-476	816	56	to	to	ADP
ftr-476	816	57	a	a	DET
ftr-476	816	58	payment	payment	NOUN
ftr-476	816	59	of	of	ADP
ftr-476	816	60	money	money	NOUN
ftr-476	816	61	.	.	PUNCT
ftr-476	817	1	thus	thus	ADV
ftr-476	817	2	,	,	PUNCT
ftr-476	817	3	contrary	contrary	ADV
ftr-476	817	4	to	to	ADP
ftr-476	817	5	the	the	DET
ftr-476	817	6	implicit	implicit	ADJ
ftr-476	817	7	reasoning	reasoning	NOUN
ftr-476	817	8	of	of	ADP
ftr-476	817	9	the	the	DET
ftr-476	817	10	g.c.m	g.c.m	NOUN
ftr-476	817	11	.	.	PROPN
ftr-476	817	12	,	,	PUNCT
ftr-476	817	13	it	it	PRON
ftr-476	817	14	can	can	AUX
ftr-476	817	15	not	not	PART
ftr-476	817	16	be	be	AUX
ftr-476	817	17	the	the	DET
ftr-476	817	18	nonrecognition	nonrecognition	NOUN
ftr-476	817	19	feature	feature	NOUN
ftr-476	817	20	of	of	ADP
ftr-476	817	21	the	the	DET
ftr-476	817	22	section	section	NOUN
ftr-476	817	23	351	351	NUM
ftr-476	817	24	exchange	exchange	NOUN
ftr-476	817	25	that	that	PRON
ftr-476	817	26	precludes	preclude	VERB
ftr-476	817	27	purchase	purchase	NOUN
ftr-476	817	28	treatment	treatment	NOUN
ftr-476	817	29	for	for	ADP
ftr-476	817	30	the	the	DET
ftr-476	817	31	obligation	obligation	NOUN
ftr-476	817	32	;	;	PUNCT
ftr-476	817	33	basis	basis	NOUN
ftr-476	817	34	can	can	AUX
ftr-476	817	35	only	only	ADV
ftr-476	817	36	be	be	AUX
ftr-476	817	37	precluded	preclude	VERB
ftr-476	817	38	by	by	ADP
ftr-476	817	39	the	the	DET
ftr-476	817	40	relatedness	relatedness	NOUN
ftr-476	817	41	of	of	ADP
ftr-476	817	42	the	the	DET
ftr-476	817	43	parties	party	NOUN
ftr-476	817	44	to	to	ADP
ftr-476	817	45	the	the	DET
ftr-476	817	46	obligation	obligation	NOUN
ftr-476	817	47	(	(	PUNCT
ftr-476	817	48	usually	usually	ADV
ftr-476	817	49	absent	absent	ADJ
ftr-476	817	50	from	from	ADP
ftr-476	817	51	the	the	DET
ftr-476	817	52	like	like	ADJ
ftr-476	817	53	kind	kind	ADJ
ftr-476	817	54	exchange	exchange	NOUN
ftr-476	817	55	)	)	PUNCT
ftr-476	817	56	.	.	PUNCT
ftr-476	818	1	what	what	PRON
ftr-476	818	2	has	have	VERB
ftr-476	818	3	the	the	DET
ftr-476	818	4	relationship	relationship	NOUN
ftr-476	818	5	between	between	ADP
ftr-476	818	6	obligor	obligor	NOUN
ftr-476	818	7	and	and	CCONJ
ftr-476	818	8	obligee	obligee	ADJ
ftr-476	818	9	to	to	PART
ftr-476	818	10	do	do	VERB
ftr-476	818	11	with	with	ADP
ftr-476	818	12	acquiring	acquire	VERB
ftr-476	818	13	purchase	purchase	NOUN
ftr-476	818	14	money	money	NOUN
ftr-476	818	15	basis	basis	NOUN
ftr-476	818	16	?	?	PUNCT
ftr-476	819	1	normally	normally	ADV
ftr-476	819	2	,	,	PUNCT
ftr-476	819	3	a	a	DET
ftr-476	819	4	purchase	purchase	NOUN
ftr-476	819	5	money	money	NOUN
ftr-476	819	6	obligation	obligation	NOUN
ftr-476	819	7	fails	fail	VERB
ftr-476	819	8	to	to	PART
ftr-476	819	9	produce	produce	VERB
ftr-476	819	10	basis	basis	NOUN
ftr-476	819	11	in	in	ADP
ftr-476	819	12	the	the	DET
ftr-476	819	13	property	property	NOUN
ftr-476	819	14	acquired	acquire	VERB
ftr-476	819	15	only	only	ADV
ftr-476	819	16	if	if	SCONJ
ftr-476	819	17	the	the	DET
ftr-476	819	18	obligation	obligation	NOUN
ftr-476	819	19	is	be	AUX
ftr-476	819	20	contingent	contingent	ADJ
ftr-476	819	21	.	.	PUNCT
ftr-476	820	1	32	32	NUM
ftr-476	821	1	likewise	likewise	ADV
ftr-476	821	2	,	,	PUNCT
ftr-476	821	3	this	this	PRON
ftr-476	821	4	is	be	AUX
ftr-476	821	5	the	the	DET
ftr-476	821	6	only	only	ADJ
ftr-476	821	7	logical	logical	ADJ
ftr-476	821	8	ground	ground	NOUN
ftr-476	821	9	on	on	ADP
ftr-476	821	10	which	which	PRON
ftr-476	821	11	the	the	DET
ftr-476	821	12	normal	normal	ADJ
ftr-476	821	13	credit	credit	NOUN
ftr-476	821	14	for	for	ADP
ftr-476	821	15	purchase	purchase	NOUN
ftr-476	821	16	money	money	NOUN
ftr-476	821	17	obligations	obligation	NOUN
ftr-476	821	18	can	can	AUX
ftr-476	821	19	be	be	AUX
ftr-476	821	20	denied	deny	VERB
ftr-476	821	21	in	in	ADP
ftr-476	821	22	cases	case	NOUN
ftr-476	821	23	under	under	ADP
ftr-476	821	24	section	section	NOUN
ftr-476	821	25	351	351	NUM
ftr-476	821	26	.	.	PUNCT
ftr-476	822	1	the	the	DET
ftr-476	822	2	relationship	relationship	NOUN
ftr-476	822	3	between	between	ADP
ftr-476	822	4	the	the	DET
ftr-476	822	5	obligor	obligor	NOUN
ftr-476	822	6	and	and	CCONJ
ftr-476	822	7	obligee	obligee	PROPN
ftr-476	822	8	evidently	evidently	ADV
ftr-476	822	9	calls	call	VERB
ftr-476	822	10	into	into	ADP
ftr-476	822	11	question	question	NOUN
ftr-476	822	12	the	the	DET
ftr-476	822	13	unqualified	unqualified	ADJ
ftr-476	822	14	duty	duty	NOUN
ftr-476	822	15	of	of	ADP
ftr-476	822	16	the	the	DET
ftr-476	822	17	obligor	obligor	NOUN
ftr-476	822	18	to	to	PART
ftr-476	822	19	pay	pay	VERB
ftr-476	822	20	.	.	PUNCT
ftr-476	823	1	however	however	ADV
ftr-476	823	2	,	,	PUNCT
ftr-476	823	3	the	the	DET
ftr-476	823	4	government	government	NOUN
ftr-476	823	5	and	and	CCONJ
ftr-476	823	6	the	the	DET
ftr-476	823	7	tax	tax	NOUN
ftr-476	823	8	court	court	NOUN
ftr-476	823	9	not	not	PART
ftr-476	823	10	only	only	ADV
ftr-476	823	11	have	have	AUX
ftr-476	823	12	failed	fail	VERB
ftr-476	823	13	to	to	PART
ftr-476	823	14	articulate	articulate	VERB
ftr-476	823	15	this	this	DET
ftr-476	823	16	ground	ground	NOUN
ftr-476	823	17	,	,	PUNCT
ftr-476	823	18	they	they	PRON
ftr-476	823	19	also	also	ADV
ftr-476	823	20	have	have	AUX
ftr-476	823	21	failed	fail	VERB
ftr-476	823	22	to	to	PART
ftr-476	823	23	justify	justify	VERB
ftr-476	823	24	it	it	PRON
ftr-476	823	25	.	.	PUNCT
ftr-476	824	1	only	only	ADV
ftr-476	824	2	by	by	ADP
ftr-476	824	3	recognizing	recognize	VERB
ftr-476	824	4	this	this	DET
ftr-476	824	5	ground	ground	NOUN
ftr-476	824	6	and	and	CCONJ
ftr-476	824	7	confronting	confront	VERB
ftr-476	824	8	the	the	DET
ftr-476	824	9	issue	issue	NOUN
ftr-476	824	10	of	of	ADP
ftr-476	824	11	its	its	PRON
ftr-476	824	12	propriety	propriety	NOUN
ftr-476	824	13	can	can	AUX
ftr-476	824	14	one	one	NUM
ftr-476	824	15	assess	assess	VERB
ftr-476	824	16	the	the	DET
ftr-476	824	17	basis	basis	NOUN
ftr-476	824	18	consequences	consequence	NOUN
ftr-476	824	19	that	that	PRON
ftr-476	824	20	have	have	AUX
ftr-476	824	21	been	be	AUX
ftr-476	824	22	provided	provide	VERB
ftr-476	824	23	under	under	ADP
ftr-476	824	24	the	the	DET
ftr-476	824	25	zero	zero	NUM
ftr-476	824	26	basis	basis	NOUN
ftr-476	824	27	rubric	rubric	NOUN
ftr-476	824	28	.	.	PUNCT
ftr-476	825	1	obviously	obviously	ADV
ftr-476	825	2	,	,	PUNCT
ftr-476	825	3	the	the	DET
ftr-476	825	4	degree	degree	NOUN
ftr-476	825	5	of	of	ADP
ftr-476	825	6	contingency	contingency	NOUN
ftr-476	825	7	in	in	ADP
ftr-476	825	8	section	section	NOUN
ftr-476	825	9	351	351	NUM
ftr-476	825	10	cases	case	NOUN
ftr-476	825	11	varies	vary	VERB
ftr-476	825	12	widely	widely	ADV
ftr-476	825	13	as	as	SCONJ
ftr-476	825	14	the	the	DET
ftr-476	825	15	facts	fact	NOUN
ftr-476	825	16	shift	shift	VERB
ftr-476	825	17	from	from	ADP
ftr-476	825	18	a	a	DET
ftr-476	825	19	100	100	NUM
ftr-476	825	20	%	%	NOUN
ftr-476	825	21	shareholder	shareholder	NOUN
ftr-476	825	22	's	's	PART
ftr-476	825	23	obligation	obligation	NOUN
ftr-476	825	24	to	to	ADP
ftr-476	825	25	the	the	DET
ftr-476	825	26	obligation	obligation	NOUN
ftr-476	825	27	of	of	ADP
ftr-476	825	28	a	a	DET
ftr-476	825	29	10	10	NUM
ftr-476	825	30	%	%	NOUN
ftr-476	825	31	shareholder	shareholder	NOUN
ftr-476	825	32	who	who	PRON
ftr-476	825	33	happens	happen	VERB
ftr-476	825	34	to	to	PART
ftr-476	825	35	contribute	contribute	VERB
ftr-476	825	36	the	the	DET
ftr-476	825	37	obligation	obligation	NOUN
ftr-476	825	38	as	as	ADP
ftr-476	825	39	part	part	NOUN
ftr-476	825	40	of	of	ADP
ftr-476	825	41	a	a	DET
ftr-476	825	42	section	section	NOUN
ftr-476	825	43	351	351	NUM
ftr-476	825	44	exchange	exchange	NOUN
ftr-476	825	45	along	along	ADP
ftr-476	825	46	with	with	ADP
ftr-476	825	47	a	a	DET
ftr-476	825	48	controlling	control	VERB
ftr-476	825	49	group	group	NOUN
ftr-476	825	50	of	of	ADP
ftr-476	825	51	shareholders	shareholder	NOUN
ftr-476	825	52	.	.	PUNCT
ftr-476	825	53	'	'	PUNCT
ftr-476	826	1	33	33	NUM
ftr-476	826	2	in	in	ADP
ftr-476	826	3	view	view	NOUN
ftr-476	826	4	of	of	ADP
ftr-476	826	5	the	the	DET
ftr-476	826	6	difficult	difficult	ADJ
ftr-476	826	7	factual	factual	ADJ
ftr-476	826	8	issues	issue	NOUN
ftr-476	826	9	presented	present	VERB
ftr-476	826	10	,	,	PUNCT
ftr-476	826	11	it	it	PRON
ftr-476	826	12	is	be	AUX
ftr-476	826	13	perhaps	perhaps	ADV
ftr-476	826	14	reasonable	reasonable	ADJ
ftr-476	826	15	to	to	PART
ftr-476	826	16	presume	presume	VERB
ftr-476	826	17	that	that	SCONJ
ftr-476	826	18	all	all	DET
ftr-476	826	19	section	section	NOUN
ftr-476	826	20	351	351	NUM
ftr-476	826	21	transferors	transferor	NOUN
ftr-476	826	22	can	can	AUX
ftr-476	826	23	give	give	VERB
ftr-476	826	24	only	only	ADV
ftr-476	826	25	contingent	contingent	ADJ
ftr-476	826	26	obligations	obligation	NOUN
ftr-476	826	27	to	to	ADP
ftr-476	826	28	their	their	PRON
ftr-476	826	29	corporations	corporation	NOUN
ftr-476	826	30	.	.	PUNCT
ftr-476	827	1	131	131	X
ftr-476	827	2	.	.	PUNCT
ftr-476	827	3	regs	regs	PROPN
ftr-476	827	4	.	.	PUNCT
ftr-476	828	1	§	§	PROPN
ftr-476	828	2	1.1031(d)-l(a	1.1031(d)-l(a	PROPN
ftr-476	828	3	)	)	PUNCT
ftr-476	828	4	(	(	PUNCT
ftr-476	828	5	referring	refer	VERB
ftr-476	828	6	confusingly	confusingly	ADV
ftr-476	828	7	to	to	ADP
ftr-476	828	8	§	§	PROPN
ftr-476	828	9	1016	1016	NUM
ftr-476	828	10	rather	rather	ADV
ftr-476	828	11	than	than	ADP
ftr-476	828	12	§	§	PROPN
ftr-476	828	13	1012	1012	NUM
ftr-476	828	14	)	)	PUNCT
ftr-476	828	15	.	.	PUNCT
ftr-476	829	1	revenue	revenue	NOUN
ftr-476	829	2	ruling	rule	VERB
ftr-476	829	3	79	79	NUM
ftr-476	829	4	-	-	SYM
ftr-476	829	5	44	44	NUM
ftr-476	829	6	,	,	PUNCT
ftr-476	829	7	1979	1979	NUM
ftr-476	829	8	-	-	SYM
ftr-476	829	9	1	1	NUM
ftr-476	829	10	c.b	c.b	PROPN
ftr-476	829	11	.	.	PROPN
ftr-476	829	12	265	265	NUM
ftr-476	829	13	,	,	PUNCT
ftr-476	829	14	which	which	PRON
ftr-476	829	15	deals	deal	VERB
ftr-476	829	16	with	with	ADP
ftr-476	829	17	the	the	DET
ftr-476	829	18	receipt	receipt	NOUN
ftr-476	829	19	of	of	ADP
ftr-476	829	20	a	a	DET
ftr-476	829	21	note	note	NOUN
ftr-476	829	22	in	in	ADP
ftr-476	829	23	a	a	DET
ftr-476	829	24	§	§	PROPN
ftr-476	829	25	1031	1031	NUM
ftr-476	829	26	exchange	exchange	NOUN
ftr-476	829	27	,	,	PUNCT
ftr-476	829	28	does	do	AUX
ftr-476	829	29	not	not	PART
ftr-476	829	30	discuss	discuss	VERB
ftr-476	829	31	the	the	DET
ftr-476	829	32	obligor	obligor	NOUN
ftr-476	829	33	's	's	PART
ftr-476	829	34	basis	basis	NOUN
ftr-476	829	35	.	.	PUNCT
ftr-476	830	1	132	132	X
ftr-476	830	2	.	.	X
ftr-476	830	3	see	see	VERB
ftr-476	830	4	,	,	PUNCT
ftr-476	830	5	e.g.	e.g.	ADV
ftr-476	830	6	,	,	PUNCT
ftr-476	830	7	albany	albany	PROPN
ftr-476	830	8	car	car	PROPN
ftr-476	830	9	wheel	wheel	PROPN
ftr-476	830	10	co.	co.	PROPN
ftr-476	830	11	v.	v.	PROPN
ftr-476	830	12	commissioner	commissioner	PROPN
ftr-476	830	13	.	.	PUNCT
ftr-476	831	1	40	40	NUM
ftr-476	831	2	t.c	t.c	PROPN
ftr-476	831	3	.	.	PROPN
ftr-476	831	4	831	831	NUM
ftr-476	831	5	(	(	PUNCT
ftr-476	831	6	1963	1963	NUM
ftr-476	831	7	)	)	PUNCT
ftr-476	831	8	.	.	PUNCT
ftr-476	832	1	aff'd	aff'd	NOUN
ftr-476	832	2	per	per	ADP
ftr-476	832	3	curiam	curiam	NOUN
ftr-476	832	4	,	,	PUNCT
ftr-476	832	5	333	333	NUM
ftr-476	832	6	f.2d	f.2d	ADP
ftr-476	832	7	653	653	NUM
ftr-476	832	8	(	(	PUNCT
ftr-476	832	9	2d	2d	NUM
ftr-476	832	10	cir	cir	NOUN
ftr-476	832	11	.	.	PUNCT
ftr-476	832	12	1964	1964	NUM
ftr-476	832	13	)	)	PUNCT
ftr-476	832	14	.	.	PUNCT
ftr-476	833	1	the	the	DET
ftr-476	833	2	contingent	contingent	ADJ
ftr-476	833	3	debt	debt	NOUN
ftr-476	833	4	issue	issue	NOUN
ftr-476	833	5	has	have	AUX
ftr-476	833	6	been	be	AUX
ftr-476	833	7	developed	develop	VERB
ftr-476	833	8	in	in	ADP
ftr-476	833	9	cases	case	NOUN
ftr-476	833	10	involving	involve	VERB
ftr-476	833	11	nonrecourse	nonrecourse	ADJ
ftr-476	833	12	debt	debt	NOUN
ftr-476	833	13	in	in	ADP
ftr-476	833	14	an	an	DET
ftr-476	833	15	amount	amount	NOUN
ftr-476	833	16	that	that	PRON
ftr-476	833	17	exceeds	exceed	VERB
ftr-476	833	18	the	the	DET
ftr-476	833	19	value	value	NOUN
ftr-476	833	20	of	of	ADP
ftr-476	833	21	the	the	DET
ftr-476	833	22	security	security	NOUN
ftr-476	833	23	.	.	PUNCT
ftr-476	834	1	e.g	e.g	PROPN
ftr-476	834	2	..	..	PUNCT
ftr-476	834	3	estate	estate	NOUN
ftr-476	834	4	of	of	ADP
ftr-476	834	5	franklin	franklin	PROPN
ftr-476	834	6	v.	v.	PROPN
ftr-476	834	7	commissioner	commissioner	PROPN
ftr-476	834	8	,	,	PUNCT
ftr-476	834	9	544	544	NUM
ftr-476	834	10	f.2d	f.2d	NOUN
ftr-476	834	11	1045	1045	NUM
ftr-476	834	12	(	(	PUNCT
ftr-476	834	13	9th	9th	ADJ
ftr-476	834	14	cir	cir	NOUN
ftr-476	834	15	.	.	PUNCT
ftr-476	834	16	1976	1976	NUM
ftr-476	834	17	)	)	PUNCT
ftr-476	834	18	.	.	PUNCT
ftr-476	835	1	the	the	DET
ftr-476	835	2	concept	concept	NOUN
ftr-476	835	3	is	be	AUX
ftr-476	835	4	also	also	ADV
ftr-476	835	5	applied	apply	VERB
ftr-476	835	6	in	in	ADP
ftr-476	835	7	the	the	DET
ftr-476	835	8	partnership	partnership	NOUN
ftr-476	835	9	area	area	NOUN
ftr-476	835	10	.	.	PUNCT
ftr-476	836	1	regs	regs	PROPN
ftr-476	836	2	.	.	PUNCT
ftr-476	837	1	§	§	PROPN
ftr-476	837	2	1.752	1.752	NUM
ftr-476	837	3	-	-	SYM
ftr-476	837	4	2(b)(4	2(b)(4	NUM
ftr-476	837	5	)	)	PUNCT
ftr-476	837	6	.	.	PUNCT
ftr-476	838	1	133	133	NUM
ftr-476	838	2	.	.	PUNCT
ftr-476	839	1	section	section	NOUN
ftr-476	839	2	351	351	NUM
ftr-476	839	3	applies	apply	VERB
ftr-476	839	4	if	if	SCONJ
ftr-476	839	5	property	property	NOUN
ftr-476	839	6	is	be	AUX
ftr-476	839	7	transferred	transfer	VERB
ftr-476	839	8	"	"	PUNCT
ftr-476	839	9	'	'	PUNCT
ftr-476	839	10	by	by	ADP
ftr-476	839	11	one	one	NUM
ftr-476	839	12	or	or	CCONJ
ftr-476	839	13	more	more	ADJ
ftr-476	839	14	persons	person	NOUN
ftr-476	839	15	"	"	PUNCT
ftr-476	839	16	in	in	ADP
ftr-476	839	17	exchange	exchange	NOUN
ftr-476	839	18	for	for	ADP
ftr-476	839	19	stock	stock	NOUN
ftr-476	839	20	and	and	CCONJ
ftr-476	839	21	these	these	DET
ftr-476	839	22	persons	person	NOUN
ftr-476	839	23	"	"	PUNCT
ftr-476	839	24	are	be	AUX
ftr-476	839	25	in	in	ADP
ftr-476	839	26	control	control	NOUN
ftr-476	839	27	"	"	PUNCT
ftr-476	839	28	of	of	ADP
ftr-476	839	29	the	the	DET
ftr-476	839	30	corporation	corporation	NOUN
ftr-476	839	31	immediately	immediately	ADV
ftr-476	839	32	thereafter	thereafter	ADV
ftr-476	839	33	.	.	PUNCT
ftr-476	840	1	see	see	VERB
ftr-476	840	2	bittker	bittker	NOUN
ftr-476	840	3	&	&	CCONJ
ftr-476	840	4	eustice	eustice	PROPN
ftr-476	840	5	,	,	PUNCT
ftr-476	840	6	supra	supra	PROPN
ftr-476	840	7	note	note	NOUN
ftr-476	840	8	16	16	NUM
ftr-476	840	9	,	,	PUNCT
ftr-476	840	10	at	at	ADP
ftr-476	840	11	1	1	NUM
ftr-476	840	12	3.08	3.08	NUM
ftr-476	840	13	.	.	PUNCT
ftr-476	841	1	19941	19941	NUM
ftr-476	841	2	florida	florida	PROPN
ftr-476	841	3	tax	tax	NOUN
ftr-476	841	4	review	review	NOUN
ftr-476	841	5	that	that	DET
ftr-476	841	6	presumption	presumption	NOUN
ftr-476	841	7	may	may	AUX
ftr-476	841	8	be	be	AUX
ftr-476	841	9	further	far	ADV
ftr-476	841	10	justified	justify	VERB
ftr-476	841	11	by	by	ADP
ftr-476	841	12	a	a	DET
ftr-476	841	13	fear	fear	NOUN
ftr-476	841	14	that	that	SCONJ
ftr-476	841	15	the	the	DET
ftr-476	841	16	transferor	transferor	NOUN
ftr-476	841	17	has	have	AUX
ftr-476	841	18	not	not	PART
ftr-476	841	19	added	add	VERB
ftr-476	841	20	value	value	NOUN
ftr-476	841	21	to	to	ADP
ftr-476	841	22	the	the	DET
ftr-476	841	23	corporation	corporation	NOUN
ftr-476	841	24	equal	equal	ADJ
ftr-476	841	25	to	to	ADP
ftr-476	841	26	the	the	DET
ftr-476	841	27	crane	crane	NOUN
ftr-476	841	28	basis	basis	NOUN
ftr-476	841	29	that	that	PRON
ftr-476	841	30	would	would	AUX
ftr-476	841	31	result	result	VERB
ftr-476	841	32	from	from	ADP
ftr-476	841	33	treating	treat	VERB
ftr-476	841	34	the	the	DET
ftr-476	841	35	obligation	obligation	NOUN
ftr-476	841	36	's	's	PART
ftr-476	841	37	issuance	issuance	NOUN
ftr-476	841	38	as	as	ADP
ftr-476	841	39	a	a	DET
ftr-476	841	40	purchase	purchase	NOUN
ftr-476	841	41	.	.	PUNCT
ftr-476	842	1	assume	assume	VERB
ftr-476	842	2	t	t	NOUN
ftr-476	842	3	transfers	transfer	NOUN
ftr-476	842	4	property	property	NOUN
ftr-476	842	5	to	to	ADP
ftr-476	842	6	newly	newly	ADV
ftr-476	842	7	organized	organize	VERB
ftr-476	842	8	x	x	SYM
ftr-476	842	9	corp	corp	PROPN
ftr-476	842	10	.	.	PROPN
ftr-476	842	11	in	in	ADP
ftr-476	842	12	exchange	exchange	NOUN
ftr-476	842	13	for	for	ADP
ftr-476	842	14	all	all	DET
ftr-476	842	15	x	x	SYM
ftr-476	842	16	stock	stock	NOUN
ftr-476	842	17	and	and	CCONJ
ftr-476	842	18	the	the	DET
ftr-476	842	19	corporation	corporation	NOUN
ftr-476	842	20	's	's	PART
ftr-476	842	21	assumption	assumption	NOUN
ftr-476	842	22	of	of	ADP
ftr-476	842	23	liabilities	liability	NOUN
ftr-476	842	24	of	of	ADP
ftr-476	842	25	t	t	PROPN
ftr-476	842	26	in	in	ADP
ftr-476	842	27	an	an	DET
ftr-476	842	28	amount	amount	NOUN
ftr-476	842	29	exceeding	exceed	VERB
ftr-476	842	30	the	the	DET
ftr-476	842	31	basis	basis	NOUN
ftr-476	842	32	of	of	ADP
ftr-476	842	33	the	the	DET
ftr-476	842	34	transferred	transfer	VERB
ftr-476	842	35	property	property	NOUN
ftr-476	842	36	by	by	ADP
ftr-476	842	37	$	$	SYM
ftr-476	842	38	25	25	NUM
ftr-476	842	39	;	;	PUNCT
ftr-476	842	40	in	in	ADP
ftr-476	842	41	an	an	DET
ftr-476	842	42	effort	effort	NOUN
ftr-476	842	43	to	to	PART
ftr-476	842	44	avoid	avoid	VERB
ftr-476	842	45	gain	gain	NOUN
ftr-476	842	46	recognition	recognition	NOUN
ftr-476	842	47	under	under	ADP
ftr-476	842	48	section	section	NOUN
ftr-476	842	49	357(c	357(c	PROPN
ftr-476	842	50	)	)	PUNCT
ftr-476	842	51	,	,	PUNCT
ftr-476	842	52	t	t	PROPN
ftr-476	842	53	simultaneously	simultaneously	ADV
ftr-476	842	54	issues	issue	VERB
ftr-476	842	55	a	a	DET
ftr-476	842	56	$	$	SYM
ftr-476	842	57	25	25	NUM
ftr-476	842	58	note	note	NOUN
ftr-476	842	59	to	to	ADP
ftr-476	842	60	the	the	DET
ftr-476	842	61	corporation	corporation	NOUN
ftr-476	842	62	.	.	PUNCT
ftr-476	843	1	if	if	SCONJ
ftr-476	843	2	the	the	DET
ftr-476	843	3	note	note	NOUN
ftr-476	843	4	is	be	AUX
ftr-476	843	5	worth	worth	ADJ
ftr-476	843	6	$	$	SYM
ftr-476	843	7	25	25	NUM
ftr-476	843	8	,	,	PUNCT
ftr-476	843	9	it	it	PRON
ftr-476	843	10	increases	increase	VERB
ftr-476	843	11	the	the	DET
ftr-476	843	12	value	value	NOUN
ftr-476	843	13	of	of	ADP
ftr-476	843	14	the	the	DET
ftr-476	843	15	stock	stock	NOUN
ftr-476	843	16	by	by	ADP
ftr-476	843	17	$	$	SYM
ftr-476	843	18	25	25	NUM
ftr-476	843	19	,	,	PUNCT
ftr-476	843	20	and	and	CCONJ
ftr-476	843	21	the	the	DET
ftr-476	843	22	gain	gain	NOUN
ftr-476	843	23	built	build	VERB
ftr-476	843	24	into	into	ADP
ftr-476	843	25	the	the	DET
ftr-476	843	26	transferred	transfer	VERB
ftr-476	843	27	property	property	NOUN
ftr-476	843	28	is	be	AUX
ftr-476	843	29	preserved	preserve	VERB
ftr-476	843	30	in	in	ADP
ftr-476	843	31	the	the	DET
ftr-476	843	32	relationship	relationship	NOUN
ftr-476	843	33	between	between	ADP
ftr-476	843	34	the	the	DET
ftr-476	843	35	zero	zero	NUM
ftr-476	843	36	basis	basis	NOUN
ftr-476	843	37	for	for	ADP
ftr-476	843	38	the	the	DET
ftr-476	843	39	stock	stock	NOUN
ftr-476	843	40	and	and	CCONJ
ftr-476	843	41	the	the	DET
ftr-476	843	42	stock	stock	NOUN
ftr-476	843	43	value	value	NOUN
ftr-476	843	44	.	.	PUNCT
ftr-476	844	1	however	however	ADV
ftr-476	844	2	,	,	PUNCT
ftr-476	844	3	if	if	SCONJ
ftr-476	844	4	the	the	DET
ftr-476	844	5	note	note	NOUN
ftr-476	844	6	is	be	AUX
ftr-476	844	7	worth	worth	ADJ
ftr-476	844	8	only	only	ADV
ftr-476	844	9	$	$	SYM
ftr-476	844	10	15	15	NUM
ftr-476	844	11	,	,	PUNCT
ftr-476	844	12	transferor	transferor	NOUN
ftr-476	844	13	's	's	PART
ftr-476	844	14	built	build	VERB
ftr-476	844	15	-	-	PUNCT
ftr-476	844	16	in	in	ADP
ftr-476	844	17	gain	gain	NOUN
ftr-476	844	18	on	on	ADP
ftr-476	844	19	the	the	DET
ftr-476	844	20	property	property	NOUN
ftr-476	844	21	transferred	transfer	VERB
ftr-476	844	22	is	be	AUX
ftr-476	844	23	not	not	PART
ftr-476	844	24	preserved	preserve	VERB
ftr-476	844	25	.	.	PUNCT
ftr-476	845	1	others	other	NOUN
ftr-476	845	2	have	have	AUX
ftr-476	845	3	argued	argue	VERB
ftr-476	845	4	that	that	SCONJ
ftr-476	845	5	such	such	DET
ftr-476	845	6	an	an	DET
ftr-476	845	7	obligation	obligation	NOUN
ftr-476	845	8	necessarily	necessarily	ADV
ftr-476	845	9	has	have	VERB
ftr-476	845	10	full	full	ADJ
ftr-476	845	11	value	value	NOUN
ftr-476	845	12	because	because	SCONJ
ftr-476	845	13	in	in	ADP
ftr-476	845	14	corporate	corporate	ADJ
ftr-476	845	15	extremis	extremis	NOUN
ftr-476	845	16	the	the	DET
ftr-476	845	17	corporation	corporation	NOUN
ftr-476	845	18	's	's	PART
ftr-476	845	19	creditors	creditor	NOUN
ftr-476	845	20	could	could	AUX
ftr-476	845	21	enforce	enforce	VERB
ftr-476	845	22	the	the	DET
ftr-476	845	23	obligation	obligation	NOUN
ftr-476	845	24	.	.	PUNCT
ftr-476	846	1	"	"	PUNCT
ftr-476	846	2	'	'	PUNCT
ftr-476	846	3	this	this	DET
ftr-476	846	4	argument	argument	NOUN
ftr-476	846	5	is	be	AUX
ftr-476	846	6	analogous	analogous	ADJ
ftr-476	846	7	to	to	ADP
ftr-476	846	8	the	the	DET
ftr-476	846	9	rule	rule	NOUN
ftr-476	846	10	that	that	SCONJ
ftr-476	846	11	a	a	DET
ftr-476	846	12	partner	partner	NOUN
ftr-476	846	13	's	's	PART
ftr-476	846	14	obligation	obligation	NOUN
ftr-476	846	15	to	to	ADP
ftr-476	846	16	his	his	PRON
ftr-476	846	17	partnership	partnership	NOUN
ftr-476	846	18	can	can	AUX
ftr-476	846	19	produce	produce	VERB
ftr-476	846	20	basis	basis	NOUN
ftr-476	846	21	in	in	ADP
ftr-476	846	22	his	his	PRON
ftr-476	846	23	partnership	partnership	NOUN
ftr-476	846	24	interest	interest	NOUN
ftr-476	846	25	where	where	SCONJ
ftr-476	846	26	there	there	PRON
ftr-476	846	27	is	be	VERB
ftr-476	846	28	partnership	partnership	NOUN
ftr-476	846	29	debt	debt	NOUN
ftr-476	846	30	to	to	ADP
ftr-476	846	31	outside	outside	ADJ
ftr-476	846	32	creditors	creditor	NOUN
ftr-476	846	33	who	who	PRON
ftr-476	846	34	could	could	AUX
ftr-476	846	35	force	force	VERB
ftr-476	846	36	the	the	DET
ftr-476	846	37	partner	partner	NOUN
ftr-476	846	38	to	to	PART
ftr-476	846	39	pay	pay	VERB
ftr-476	846	40	if	if	SCONJ
ftr-476	846	41	all	all	DET
ftr-476	846	42	partnership	partnership	NOUN
ftr-476	846	43	assets	asset	NOUN
ftr-476	846	44	become	become	VERB
ftr-476	846	45	worthless	worthless	ADJ
ftr-476	846	46	,	,	PUNCT
ftr-476	846	47	as	as	SCONJ
ftr-476	846	48	discussed	discuss	VERB
ftr-476	846	49	in	in	ADP
ftr-476	846	50	part	part	NOUN
ftr-476	846	51	v.c.3	v.c.3	ADV
ftr-476	846	52	below	below	ADV
ftr-476	846	53	.	.	PUNCT
ftr-476	847	1	while	while	SCONJ
ftr-476	847	2	there	there	PRON
ftr-476	847	3	is	be	VERB
ftr-476	847	4	also	also	ADV
ftr-476	847	5	the	the	DET
ftr-476	847	6	possibility	possibility	NOUN
ftr-476	847	7	of	of	ADP
ftr-476	847	8	the	the	DET
ftr-476	847	9	shareholder	shareholder	NOUN
ftr-476	847	10	being	be	AUX
ftr-476	847	11	ultimately	ultimately	ADV
ftr-476	847	12	forced	force	VERB
ftr-476	847	13	to	to	PART
ftr-476	847	14	pay	pay	VERB
ftr-476	847	15	,	,	PUNCT
ftr-476	847	16	it	it	PRON
ftr-476	847	17	is	be	AUX
ftr-476	847	18	more	more	ADV
ftr-476	847	19	likely	likely	ADJ
ftr-476	847	20	that	that	SCONJ
ftr-476	847	21	the	the	DET
ftr-476	847	22	obligation	obligation	NOUN
ftr-476	847	23	will	will	AUX
ftr-476	847	24	languish	languish	VERB
ftr-476	847	25	in	in	ADP
ftr-476	847	26	the	the	DET
ftr-476	847	27	corporation	corporation	NOUN
ftr-476	847	28	for	for	ADP
ftr-476	847	29	years	year	NOUN
ftr-476	847	30	.	.	PUNCT
ftr-476	848	1	should	should	AUX
ftr-476	848	2	a	a	DET
ftr-476	848	3	section	section	NOUN
ftr-476	848	4	351	351	NUM
ftr-476	848	5	transferor	transferor	NOUN
ftr-476	848	6	's	's	PART
ftr-476	848	7	obligation	obligation	NOUN
ftr-476	848	8	be	be	AUX
ftr-476	848	9	considered	consider	VERB
ftr-476	848	10	bona	bona	ADJ
ftr-476	848	11	fide	fide	ADJ
ftr-476	848	12	because	because	SCONJ
ftr-476	848	13	the	the	DET
ftr-476	848	14	service	service	NOUN
ftr-476	848	15	can	can	AUX
ftr-476	848	16	treat	treat	VERB
ftr-476	848	17	it	it	PRON
ftr-476	848	18	as	as	ADP
ftr-476	848	19	a	a	DET
ftr-476	848	20	distribution	distribution	NOUN
ftr-476	848	21	if	if	SCONJ
ftr-476	848	22	it	it	PRON
ftr-476	848	23	is	be	AUX
ftr-476	848	24	not	not	PART
ftr-476	848	25	properly	properly	ADV
ftr-476	848	26	serviced	service	VERB
ftr-476	848	27	?	?	PUNCT
ftr-476	849	1	a	a	DET
ftr-476	849	2	corporation	corporation	NOUN
ftr-476	849	3	's	's	PART
ftr-476	849	4	loan	loan	NOUN
ftr-476	849	5	to	to	ADP
ftr-476	849	6	a	a	DET
ftr-476	849	7	shareholder	shareholder	NOUN
ftr-476	849	8	is	be	AUX
ftr-476	849	9	treated	treat	VERB
ftr-476	849	10	as	as	ADP
ftr-476	849	11	a	a	DET
ftr-476	849	12	constructive	constructive	ADJ
ftr-476	849	13	distribution	distribution	NOUN
ftr-476	849	14	(	(	PUNCT
ftr-476	849	15	dividend	dividend	NOUN
ftr-476	849	16	)	)	PUNCT
ftr-476	849	17	to	to	ADP
ftr-476	849	18	the	the	DET
ftr-476	849	19	borrower	borrower	NOUN
ftr-476	849	20	only	only	ADV
ftr-476	849	21	if	if	SCONJ
ftr-476	849	22	,	,	PUNCT
ftr-476	849	23	when	when	SCONJ
ftr-476	849	24	the	the	DET
ftr-476	849	25	loan	loan	NOUN
ftr-476	849	26	is	be	AUX
ftr-476	849	27	made	make	VERB
ftr-476	849	28	,	,	PUNCT
ftr-476	849	29	there	there	PRON
ftr-476	849	30	is	be	VERB
ftr-476	849	31	no	no	DET
ftr-476	849	32	genuine	genuine	ADJ
ftr-476	849	33	expectation	expectation	NOUN
ftr-476	849	34	of	of	ADP
ftr-476	849	35	repayment	repayment	NOUN
ftr-476	849	36	(	(	PUNCT
ftr-476	849	37	as	as	SCONJ
ftr-476	849	38	may	may	AUX
ftr-476	849	39	be	be	AUX
ftr-476	849	40	evidenced	evidence	VERB
ftr-476	849	41	by	by	ADP
ftr-476	849	42	the	the	DET
ftr-476	849	43	fact	fact	NOUN
ftr-476	849	44	that	that	SCONJ
ftr-476	849	45	it	it	PRON
ftr-476	849	46	is	be	AUX
ftr-476	849	47	not	not	PART
ftr-476	849	48	serviced	service	VERB
ftr-476	849	49	and	and	CCONJ
ftr-476	849	50	collected	collect	VERB
ftr-476	849	51	in	in	ADP
ftr-476	849	52	a	a	DET
ftr-476	849	53	reasonable	reasonable	ADJ
ftr-476	849	54	commercial	commercial	ADJ
ftr-476	849	55	manner	manner	NOUN
ftr-476	849	56	by	by	ADP
ftr-476	849	57	the	the	DET
ftr-476	849	58	corporation	corporation	NOUN
ftr-476	849	59	)	)	PUNCT
ftr-476	849	60	13	13	NUM
ftr-476	850	1	or	or	CCONJ
ftr-476	850	2	if	if	SCONJ
ftr-476	850	3	the	the	DET
ftr-476	850	4	obligation	obligation	NOUN
ftr-476	850	5	is	be	AUX
ftr-476	850	6	forgiven	forgive	VERB
ftr-476	850	7	in	in	ADP
ftr-476	850	8	a	a	DET
ftr-476	850	9	later	later	ADJ
ftr-476	850	10	year.136	year.136	NOUN
ftr-476	850	11	the	the	DET
ftr-476	850	12	issue	issue	NOUN
ftr-476	850	13	of	of	ADP
ftr-476	850	14	whether	whether	SCONJ
ftr-476	850	15	a	a	DET
ftr-476	850	16	shareholder	shareholder	NOUN
ftr-476	850	17	loan	loan	NOUN
ftr-476	850	18	is	be	AUX
ftr-476	850	19	made	make	VERB
ftr-476	850	20	with	with	ADP
ftr-476	850	21	a	a	DET
ftr-476	850	22	genuine	genuine	ADJ
ftr-476	850	23	expectation	expectation	NOUN
ftr-476	850	24	of	of	ADP
ftr-476	850	25	repayment	repayment	NOUN
ftr-476	850	26	is	be	AUX
ftr-476	850	27	no	no	ADV
ftr-476	850	28	different	different	ADJ
ftr-476	850	29	than	than	ADP
ftr-476	850	30	whether	whether	SCONJ
ftr-476	850	31	a	a	DET
ftr-476	850	32	section	section	NOUN
ftr-476	850	33	351	351	NUM
ftr-476	850	34	transferor	transferor	NOUN
ftr-476	850	35	's	's	PART
ftr-476	850	36	obligation	obligation	NOUN
ftr-476	850	37	is	be	AUX
ftr-476	850	38	contingent	contingent	ADJ
ftr-476	850	39	(	(	PUNCT
ftr-476	850	40	except	except	SCONJ
ftr-476	850	41	for	for	ADP
ftr-476	850	42	the	the	DET
ftr-476	850	43	fact	fact	NOUN
ftr-476	850	44	that	that	SCONJ
ftr-476	850	45	in	in	ADP
ftr-476	850	46	the	the	DET
ftr-476	850	47	section	section	NOUN
ftr-476	850	48	357(c	357(c	PROPN
ftr-476	850	49	)	)	PUNCT
ftr-476	850	50	cases	case	VERB
ftr-476	850	51	the	the	DET
ftr-476	850	52	purpose	purpose	NOUN
ftr-476	850	53	for	for	ADP
ftr-476	850	54	the	the	DET
ftr-476	850	55	obligation	obligation	NOUN
ftr-476	850	56	was	be	AUX
ftr-476	850	57	tax	tax	NOUN
ftr-476	850	58	avoidance	avoidance	NOUN
ftr-476	850	59	or	or	CCONJ
ftr-476	850	60	deferral	deferral	NOUN
ftr-476	850	61	)	)	PUNCT
ftr-476	850	62	.	.	PUNCT
ftr-476	851	1	therefore	therefore	ADV
ftr-476	851	2	,	,	PUNCT
ftr-476	851	3	we	we	PRON
ftr-476	851	4	return	return	VERB
ftr-476	851	5	again	again	ADV
ftr-476	851	6	to	to	ADP
ftr-476	851	7	the	the	DET
ftr-476	851	8	question	question	NOUN
ftr-476	851	9	:	:	PUNCT
ftr-476	851	10	why	why	SCONJ
ftr-476	851	11	should	should	AUX
ftr-476	851	12	a	a	DET
ftr-476	851	13	controlling	control	VERB
ftr-476	851	14	shareholder	shareholder	NOUN
ftr-476	851	15	's	's	PART
ftr-476	851	16	obligation	obligation	NOUN
ftr-476	851	17	be	be	AUX
ftr-476	851	18	viewed	view	VERB
ftr-476	851	19	more	more	ADV
ftr-476	851	20	skeptically	skeptically	ADV
ftr-476	851	21	in	in	ADP
ftr-476	851	22	the	the	DET
ftr-476	851	23	context	context	NOUN
ftr-476	851	24	of	of	ADP
ftr-476	851	25	a	a	DET
ftr-476	851	26	section	section	NOUN
ftr-476	851	27	351	351	NUM
ftr-476	851	28	exchange	exchange	NOUN
ftr-476	851	29	than	than	ADP
ftr-476	851	30	where	where	SCONJ
ftr-476	851	31	the	the	DET
ftr-476	851	32	shareholder	shareholder	NOUN
ftr-476	851	33	simply	simply	ADV
ftr-476	851	34	borrows	borrow	VERB
ftr-476	851	35	money	money	NOUN
ftr-476	851	36	from	from	ADP
ftr-476	851	37	the	the	DET
ftr-476	851	38	corporation	corporation	NOUN
ftr-476	851	39	?	?	PUNCT
ftr-476	852	1	logically	logically	ADV
ftr-476	852	2	it	it	PRON
ftr-476	852	3	should	should	AUX
ftr-476	852	4	not	not	PART
ftr-476	852	5	,	,	PUNCT
ftr-476	852	6	though	though	SCONJ
ftr-476	852	7	perhaps	perhaps	ADV
ftr-476	852	8	the	the	DET
ftr-476	852	9	following	follow	VERB
ftr-476	852	10	explanation	explanation	NOUN
ftr-476	852	11	provides	provide	VERB
ftr-476	852	12	a	a	DET
ftr-476	852	13	contrary	contrary	ADJ
ftr-476	852	14	view	view	NOUN
ftr-476	852	15	.	.	PUNCT
ftr-476	853	1	134	134	NUM
ftr-476	853	2	.	.	PUNCT
ftr-476	854	1	see	see	VERB
ftr-476	854	2	sheppard	sheppard	NOUN
ftr-476	854	3	,	,	PUNCT
ftr-476	854	4	supra	supra	PROPN
ftr-476	854	5	note	note	NOUN
ftr-476	854	6	2	2	NUM
ftr-476	854	7	,	,	PUNCT
ftr-476	854	8	at	at	ADP
ftr-476	854	9	1556	1556	NUM
ftr-476	854	10	.	.	PUNCT
ftr-476	855	1	135	135	NUM
ftr-476	855	2	.	.	PUNCT
ftr-476	856	1	see	see	VERB
ftr-476	856	2	,	,	PUNCT
ftr-476	856	3	e.g.	e.g.	ADV
ftr-476	856	4	,	,	PUNCT
ftr-476	856	5	alterman	alterman	ADJ
ftr-476	856	6	foods	food	NOUN
ftr-476	856	7	,	,	PUNCT
ftr-476	856	8	inc	inc	PROPN
ftr-476	856	9	.	.	PROPN
ftr-476	857	1	v.	v.	PROPN
ftr-476	857	2	united	united	PROPN
ftr-476	857	3	states	states	PROPN
ftr-476	857	4	,	,	PUNCT
ftr-476	857	5	505	505	NUM
ftr-476	857	6	f.2d	f.2d	ADP
ftr-476	857	7	873	873	NUM
ftr-476	857	8	(	(	PUNCT
ftr-476	857	9	5th	5th	ADJ
ftr-476	857	10	cir	cir	NOUN
ftr-476	857	11	.	.	PROPN
ftr-476	857	12	1974	1974	NUM
ftr-476	857	13	)	)	PUNCT
ftr-476	857	14	;	;	PUNCT
ftr-476	857	15	tollefsen	tollefsen	PROPN
ftr-476	857	16	v.	v.	PROPN
ftr-476	857	17	commissioner	commissioner	NOUN
ftr-476	857	18	,	,	PUNCT
ftr-476	857	19	52	52	NUM
ftr-476	857	20	t.c	t.c	PROPN
ftr-476	857	21	.	.	PROPN
ftr-476	857	22	671	671	NUM
ftr-476	857	23	,	,	PUNCT
ftr-476	857	24	678	678	NUM
ftr-476	857	25	(	(	PUNCT
ftr-476	857	26	1969	1969	NUM
ftr-476	857	27	)	)	PUNCT
ftr-476	857	28	;	;	PUNCT
ftr-476	857	29	ackerman	ackerman	PROPN
ftr-476	857	30	v.	v.	PROPN
ftr-476	857	31	commissioner	commissioner	PROPN
ftr-476	857	32	,	,	PUNCT
ftr-476	858	1	18	18	NUM
ftr-476	858	2	t.c	t.c	PROPN
ftr-476	858	3	.	.	PROPN
ftr-476	858	4	memo	memo	NOUN
ftr-476	858	5	(	(	PUNCT
ftr-476	858	6	cch	cch	PROPN
ftr-476	858	7	)	)	PUNCT
ftr-476	858	8	715	715	NUM
ftr-476	858	9	,	,	PUNCT
ftr-476	858	10	t.c	t.c	PROPN
ftr-476	858	11	.	.	PROPN
ftr-476	858	12	memo	memo	NOUN
ftr-476	858	13	(	(	PUNCT
ftr-476	858	14	p	p	NOUN
ftr-476	858	15	-	-	PUNCT
ftr-476	858	16	h	h	NOUN
ftr-476	858	17	)	)	PUNCT
ftr-476	858	18	t	t	NOUN
ftr-476	858	19	59,164	59,164	NUM
ftr-476	858	20	(	(	PUNCT
ftr-476	858	21	1959	1959	NUM
ftr-476	858	22	)	)	PUNCT
ftr-476	858	23	;	;	PUNCT
ftr-476	858	24	roschuni	roschuni	PROPN
ftr-476	858	25	v.	v.	PROPN
ftr-476	858	26	commissioner	commissioner	NOUN
ftr-476	858	27	,	,	PUNCT
ftr-476	858	28	29	29	NUM
ftr-476	858	29	t.c	t.c	PROPN
ftr-476	858	30	.	.	PROPN
ftr-476	858	31	1193	1193	NUM
ftr-476	858	32	(	(	PUNCT
ftr-476	858	33	1958	1958	NUM
ftr-476	858	34	)	)	PUNCT
ftr-476	858	35	;	;	PUNCT
ftr-476	858	36	baird	baird	PROPN
ftr-476	858	37	v.	v.	PROPN
ftr-476	858	38	commissioner	commissioner	PROPN
ftr-476	858	39	,	,	PUNCT
ftr-476	858	40	25	25	NUM
ftr-476	858	41	t.c	t.c	PROPN
ftr-476	858	42	.	.	PROPN
ftr-476	858	43	387	387	NUM
ftr-476	858	44	(	(	PUNCT
ftr-476	858	45	1955	1955	NUM
ftr-476	858	46	)	)	PUNCT
ftr-476	858	47	.	.	PUNCT
ftr-476	859	1	136	136	NUM
ftr-476	859	2	.	.	PUNCT
ftr-476	860	1	see	see	VERB
ftr-476	860	2	bartel	bartel	PROPN
ftr-476	860	3	v.	v.	PROPN
ftr-476	860	4	commissioner	commissioner	PROPN
ftr-476	860	5	,	,	PUNCT
ftr-476	860	6	54	54	NUM
ftr-476	860	7	t.c	t.c	PROPN
ftr-476	860	8	.	.	PROPN
ftr-476	860	9	25	25	NUM
ftr-476	860	10	(	(	PUNCT
ftr-476	860	11	1970	1970	NUM
ftr-476	860	12	)	)	PUNCT
ftr-476	860	13	.	.	PUNCT
ftr-476	861	1	[	[	X
ftr-476	861	2	vol	vol	NOUN
ftr-476	861	3	2:5	2:5	NUM
ftr-476	861	4	zero	zero	NUM
ftr-476	861	5	basis	basis	NOUN
ftr-476	861	6	hoar	hoar	NOUN
ftr-476	861	7	according	accord	VERB
ftr-476	861	8	basis	basis	NOUN
ftr-476	861	9	to	to	ADP
ftr-476	861	10	property	property	NOUN
ftr-476	861	11	purchased	purchase	VERB
ftr-476	861	12	with	with	ADP
ftr-476	861	13	an	an	DET
ftr-476	861	14	obligation	obligation	NOUN
ftr-476	861	15	is	be	AUX
ftr-476	861	16	a	a	DET
ftr-476	861	17	triumph	triumph	NOUN
ftr-476	861	18	of	of	ADP
ftr-476	861	19	substance	substance	NOUN
ftr-476	861	20	over	over	ADP
ftr-476	861	21	form	form	NOUN
ftr-476	861	22	.	.	PUNCT
ftr-476	862	1	for	for	ADP
ftr-476	862	2	example	example	NOUN
ftr-476	862	3	,	,	PUNCT
ftr-476	862	4	a	a	DET
ftr-476	862	5	cash	cash	NOUN
ftr-476	862	6	method	method	NOUN
ftr-476	862	7	buyer	buyer	NOUN
ftr-476	862	8	has	have	AUX
ftr-476	862	9	paid	pay	VERB
ftr-476	862	10	nothing	nothing	PRON
ftr-476	862	11	in	in	ADP
ftr-476	862	12	the	the	DET
ftr-476	862	13	form	form	NOUN
ftr-476	862	14	required	require	VERB
ftr-476	862	15	by	by	ADP
ftr-476	862	16	the	the	DET
ftr-476	862	17	cash	cash	NOUN
ftr-476	862	18	method	method	NOUN
ftr-476	862	19	of	of	ADP
ftr-476	862	20	accounting	accounting	NOUN
ftr-476	862	21	,	,	PUNCT
ftr-476	862	22	but	but	CCONJ
ftr-476	862	23	,	,	PUNCT
ftr-476	862	24	in	in	ADP
ftr-476	862	25	substance	substance	NOUN
ftr-476	862	26	,	,	PUNCT
ftr-476	862	27	the	the	DET
ftr-476	862	28	buyer	buyer	NOUN
ftr-476	862	29	has	have	AUX
ftr-476	862	30	paid	pay	VERB
ftr-476	862	31	by	by	ADP
ftr-476	862	32	obligating	obligate	VERB
ftr-476	862	33	himself	himself	PRON
ftr-476	862	34	to	to	PART
ftr-476	862	35	pay	pay	VERB
ftr-476	862	36	.	.	PUNCT
ftr-476	863	1	it	it	PRON
ftr-476	863	2	is	be	AUX
ftr-476	863	3	a	a	DET
ftr-476	863	4	familiar	familiar	ADJ
ftr-476	863	5	concept	concept	NOUN
ftr-476	863	6	that	that	SCONJ
ftr-476	863	7	only	only	ADV
ftr-476	863	8	unrelated	unrelated	ADJ
ftr-476	863	9	parties	party	NOUN
ftr-476	863	10	are	be	AUX
ftr-476	863	11	permitted	permit	VERB
ftr-476	863	12	,	,	PUNCT
ftr-476	863	13	on	on	ADP
ftr-476	863	14	occasion	occasion	NOUN
ftr-476	863	15	,	,	PUNCT
ftr-476	863	16	to	to	PART
ftr-476	863	17	reject	reject	VERB
ftr-476	863	18	the	the	DET
ftr-476	863	19	form	form	NOUN
ftr-476	863	20	and	and	CCONJ
ftr-476	863	21	rely	rely	VERB
ftr-476	863	22	on	on	ADP
ftr-476	863	23	the	the	DET
ftr-476	863	24	substance	substance	NOUN
ftr-476	863	25	of	of	ADP
ftr-476	863	26	their	their	PRON
ftr-476	863	27	transactions	transaction	NOUN
ftr-476	863	28	.	.	PUNCT
ftr-476	863	29	'	'	PUNCT
ftr-476	864	1	in	in	ADP
ftr-476	864	2	the	the	DET
ftr-476	864	3	section	section	NOUN
ftr-476	864	4	351	351	NUM
ftr-476	864	5	setting	set	VERB
ftr-476	864	6	the	the	DET
ftr-476	864	7	parties	party	NOUN
ftr-476	864	8	are	be	AUX
ftr-476	864	9	,	,	PUNCT
ftr-476	864	10	by	by	ADP
ftr-476	864	11	definition	definition	NOUN
ftr-476	864	12	,	,	PUNCT
ftr-476	864	13	related	relate	VERB
ftr-476	864	14	.	.	PUNCT
ftr-476	865	1	therefore	therefore	ADV
ftr-476	865	2	,	,	PUNCT
ftr-476	865	3	perhaps	perhaps	ADV
ftr-476	865	4	they	they	PRON
ftr-476	865	5	should	should	AUX
ftr-476	865	6	not	not	PART
ftr-476	865	7	be	be	AUX
ftr-476	865	8	allowed	allow	VERB
ftr-476	865	9	to	to	PART
ftr-476	865	10	reject	reject	VERB
ftr-476	865	11	the	the	DET
ftr-476	865	12	form	form	NOUN
ftr-476	865	13	of	of	ADP
ftr-476	865	14	their	their	PRON
ftr-476	865	15	transactions	transaction	NOUN
ftr-476	865	16	and	and	CCONJ
ftr-476	865	17	must	must	AUX
ftr-476	865	18	be	be	AUX
ftr-476	865	19	treated	treat	VERB
ftr-476	865	20	as	as	SCONJ
ftr-476	865	21	if	if	SCONJ
ftr-476	865	22	no	no	DET
ftr-476	865	23	payment	payment	NOUN
ftr-476	865	24	is	be	AUX
ftr-476	865	25	made	make	VERB
ftr-476	865	26	by	by	ADP
ftr-476	865	27	transfer	transfer	NOUN
ftr-476	865	28	of	of	ADP
ftr-476	865	29	the	the	DET
ftr-476	865	30	obligation	obligation	NOUN
ftr-476	865	31	.	.	PUNCT
ftr-476	866	1	this	this	DET
ftr-476	866	2	limitation	limitation	NOUN
ftr-476	866	3	on	on	ADP
ftr-476	866	4	basis	basis	NOUN
ftr-476	866	5	acquisition	acquisition	NOUN
ftr-476	866	6	is	be	AUX
ftr-476	866	7	not	not	PART
ftr-476	866	8	applied	apply	VERB
ftr-476	866	9	to	to	ADP
ftr-476	866	10	other	other	ADJ
ftr-476	866	11	related	relate	VERB
ftr-476	866	12	party	party	NOUN
ftr-476	866	13	acquisitions	acquisition	NOUN
ftr-476	866	14	(	(	PUNCT
ftr-476	866	15	save	save	VERB
ftr-476	866	16	the	the	DET
ftr-476	866	17	partnership	partnership	NOUN
ftr-476	866	18	case	case	NOUN
ftr-476	866	19	,	,	PUNCT
ftr-476	866	20	discussed	discuss	VERB
ftr-476	866	21	below	below	ADV
ftr-476	866	22	)	)	PUNCT
ftr-476	866	23	because	because	SCONJ
ftr-476	866	24	normally	normally	ADV
ftr-476	866	25	the	the	DET
ftr-476	866	26	seller	seller	NOUN
ftr-476	866	27	recognizes	recognize	VERB
ftr-476	866	28	gain	gain	NOUN
ftr-476	866	29	that	that	PRON
ftr-476	866	30	offsets	offset	VERB
ftr-476	866	31	the	the	DET
ftr-476	866	32	basis	basis	NOUN
ftr-476	866	33	acquired	acquire	VERB
ftr-476	866	34	by	by	ADP
ftr-476	866	35	the	the	DET
ftr-476	866	36	buyer	buyer	NOUN
ftr-476	866	37	.	.	PUNCT
ftr-476	867	1	3	3	NUM
ftr-476	867	2	however	however	ADV
ftr-476	867	3	,	,	PUNCT
ftr-476	867	4	in	in	ADP
ftr-476	867	5	the	the	DET
ftr-476	867	6	case	case	NOUN
ftr-476	867	7	of	of	ADP
ftr-476	867	8	a	a	DET
ftr-476	867	9	corporate	corporate	ADJ
ftr-476	867	10	stock	stock	NOUN
ftr-476	867	11	issuance	issuance	NOUN
ftr-476	867	12	,	,	PUNCT
ftr-476	867	13	section	section	NOUN
ftr-476	867	14	1032	1032	NUM
ftr-476	867	15	prevents	prevent	VERB
ftr-476	867	16	the	the	DET
ftr-476	867	17	corporation	corporation	NOUN
ftr-476	867	18	's	's	PART
ftr-476	867	19	recognition	recognition	NOUN
ftr-476	867	20	of	of	ADP
ftr-476	867	21	gain	gain	NOUN
ftr-476	867	22	or	or	CCONJ
ftr-476	867	23	loss	loss	NOUN
ftr-476	867	24	upon	upon	SCONJ
ftr-476	867	25	issuance	issuance	NOUN
ftr-476	867	26	of	of	ADP
ftr-476	867	27	its	its	PRON
ftr-476	867	28	own	own	ADJ
ftr-476	867	29	stock	stock	NOUN
ftr-476	867	30	.	.	PUNCT
ftr-476	868	1	furthermore	furthermore	ADV
ftr-476	868	2	,	,	PUNCT
ftr-476	868	3	as	as	ADP
ftr-476	868	4	a	a	DET
ftr-476	868	5	practical	practical	ADJ
ftr-476	868	6	matter	matter	NOUN
ftr-476	868	7	of	of	ADP
ftr-476	868	8	administration	administration	NOUN
ftr-476	868	9	,	,	PUNCT
ftr-476	868	10	the	the	DET
ftr-476	868	11	section	section	NOUN
ftr-476	868	12	351	351	NUM
ftr-476	868	13	exchange	exchange	NOUN
ftr-476	868	14	provides	provide	VERB
ftr-476	868	15	an	an	DET
ftr-476	868	16	occasion	occasion	NOUN
ftr-476	868	17	when	when	SCONJ
ftr-476	868	18	shareholder	shareholder	NOUN
ftr-476	868	19	notes	note	NOUN
ftr-476	868	20	can	can	AUX
ftr-476	868	21	and	and	CCONJ
ftr-476	868	22	perhaps	perhaps	ADV
ftr-476	868	23	should	should	AUX
ftr-476	868	24	be	be	AUX
ftr-476	868	25	examined	examine	VERB
ftr-476	868	26	carefully	carefully	ADV
ftr-476	868	27	because	because	SCONJ
ftr-476	868	28	both	both	DET
ftr-476	868	29	parties	party	NOUN
ftr-476	868	30	are	be	AUX
ftr-476	868	31	receiving	receive	VERB
ftr-476	868	32	generally	generally	ADV
ftr-476	868	33	taxbeneficial	taxbeneficial	ADJ
ftr-476	868	34	treatment	treatment	NOUN
ftr-476	868	35	.	.	PUNCT
ftr-476	869	1	thus	thus	ADV
ftr-476	869	2	,	,	PUNCT
ftr-476	869	3	while	while	SCONJ
ftr-476	869	4	it	it	PRON
ftr-476	869	5	is	be	AUX
ftr-476	869	6	fairly	fairly	ADV
ftr-476	869	7	clear	clear	ADJ
ftr-476	869	8	that	that	SCONJ
ftr-476	869	9	the	the	DET
ftr-476	869	10	section	section	NOUN
ftr-476	869	11	351	351	NUM
ftr-476	869	12	transferor	transferor	NOUN
ftr-476	869	13	's	's	PART
ftr-476	869	14	obligation	obligation	NOUN
ftr-476	869	15	should	should	AUX
ftr-476	869	16	be	be	AUX
ftr-476	869	17	treated	treat	VERB
ftr-476	869	18	as	as	ADP
ftr-476	869	19	an	an	DET
ftr-476	869	20	obligation	obligation	NOUN
ftr-476	869	21	given	give	VERB
ftr-476	869	22	in	in	ADP
ftr-476	869	23	a	a	DET
ftr-476	869	24	section	section	NOUN
ftr-476	869	25	1012	1012	NUM
ftr-476	869	26	purchase	purchase	NOUN
ftr-476	869	27	transaction	transaction	NOUN
ftr-476	869	28	in	in	ADP
ftr-476	869	29	connection	connection	NOUN
ftr-476	869	30	with	with	ADP
ftr-476	869	31	the	the	DET
ftr-476	869	32	section	section	NOUN
ftr-476	869	33	351	351	NUM
ftr-476	869	34	exchange	exchange	NOUN
ftr-476	869	35	,	,	PUNCT
ftr-476	869	36	perhaps	perhaps	ADV
ftr-476	869	37	these	these	DET
ftr-476	869	38	various	various	ADJ
ftr-476	869	39	factors	factor	NOUN
ftr-476	869	40	justify	justify	VERB
ftr-476	869	41	treating	treat	VERB
ftr-476	869	42	the	the	DET
ftr-476	869	43	obligation	obligation	NOUN
ftr-476	869	44	as	as	ADP
ftr-476	869	45	contingent	contingent	NOUN
ftr-476	869	46	.	.	PUNCT
ftr-476	870	1	if	if	SCONJ
ftr-476	870	2	so	so	ADV
ftr-476	870	3	,	,	PUNCT
ftr-476	870	4	it	it	PRON
ftr-476	870	5	is	be	AUX
ftr-476	870	6	proper	proper	ADJ
ftr-476	870	7	to	to	PART
ftr-476	870	8	use	use	VERB
ftr-476	870	9	prof	prof	NOUN
ftr-476	870	10	.	.	PUNCT
ftr-476	871	1	manning	man	VERB
ftr-476	871	2	's	's	PART
ftr-476	871	3	approach	approach	NOUN
ftr-476	871	4	of	of	ADP
ftr-476	871	5	treating	treat	VERB
ftr-476	871	6	the	the	DET
ftr-476	871	7	transferor	transferor	NOUN
ftr-476	871	8	's	's	PART
ftr-476	871	9	obligation	obligation	NOUN
ftr-476	871	10	as	as	ADP
ftr-476	871	11	an	an	DET
ftr-476	871	12	open	open	ADJ
ftr-476	871	13	transaction	transaction	NOUN
ftr-476	871	14	wherein	wherein	SCONJ
ftr-476	871	15	the	the	DET
ftr-476	871	16	transferor	transferor	NOUN
ftr-476	871	17	obtains	obtain	VERB
ftr-476	871	18	stock	stock	NOUN
ftr-476	871	19	basis	basis	NOUN
ftr-476	871	20	when	when	SCONJ
ftr-476	871	21	the	the	DET
ftr-476	871	22	obligation	obligation	NOUN
ftr-476	871	23	is	be	AUX
ftr-476	871	24	paid	pay	VERB
ftr-476	871	25	.	.	PUNCT
ftr-476	872	1	139	139	NUM
ftr-476	872	2	this	this	DET
ftr-476	872	3	approach	approach	NOUN
ftr-476	872	4	seems	seem	VERB
ftr-476	872	5	reasonable	reasonable	ADJ
ftr-476	872	6	because	because	SCONJ
ftr-476	872	7	it	it	PRON
ftr-476	872	8	is	be	AUX
ftr-476	872	9	consistent	consistent	ADJ
ftr-476	872	10	with	with	ADP
ftr-476	872	11	the	the	DET
ftr-476	872	12	principle	principle	NOUN
ftr-476	872	13	that	that	SCONJ
ftr-476	872	14	a	a	DET
ftr-476	872	15	loss	loss	NOUN
ftr-476	872	16	should	should	AUX
ftr-476	872	17	be	be	AUX
ftr-476	872	18	deductible	deductible	ADJ
ftr-476	872	19	only	only	ADV
ftr-476	872	20	when	when	SCONJ
ftr-476	872	21	sustained	sustain	VERB
ftr-476	872	22	,	,	PUNCT
ftr-476	872	23	with	with	ADP
ftr-476	872	24	the	the	DET
ftr-476	872	25	service	service	NOUN
ftr-476	872	26	's	's	PART
ftr-476	872	27	implied	imply	VERB
ftr-476	872	28	view	view	NOUN
ftr-476	872	29	that	that	SCONJ
ftr-476	872	30	later	later	ADV
ftr-476	872	31	payment	payment	NOUN
ftr-476	872	32	of	of	ADP
ftr-476	872	33	the	the	DET
ftr-476	872	34	obligation	obligation	NOUN
ftr-476	872	35	produces	produce	VERB
ftr-476	872	36	basis,"t4	basis,"t4	PROPN
ftr-476	872	37	with	with	ADP
ftr-476	872	38	the	the	DET
ftr-476	872	39	apparent	apparent	ADJ
ftr-476	872	40	treatment	treatment	NOUN
ftr-476	872	41	of	of	ADP
ftr-476	872	42	contingent	contingent	NOUN
ftr-476	872	43	purchase	purchase	NOUN
ftr-476	872	44	money	money	NOUN
ftr-476	872	45	obligations,14	obligations,14	ADV
ftr-476	872	46	and	and	CCONJ
ftr-476	872	47	with	with	ADP
ftr-476	872	48	the	the	DET
ftr-476	872	49	delayed	delay	VERB
ftr-476	872	50	basis	basis	NOUN
ftr-476	872	51	apparently	apparently	ADV
ftr-476	872	52	allowed	allow	VERB
ftr-476	872	53	for	for	ADP
ftr-476	872	54	partner	partner	NOUN
ftr-476	872	55	obligations	obligation	NOUN
ftr-476	872	56	to	to	PART
ftr-476	872	57	partnerships.1	partnerships.1	VERB
ftr-476	872	58	42	42	NUM
ftr-476	872	59	137	137	NUM
ftr-476	872	60	.	.	PUNCT
ftr-476	873	1	see	see	VERB
ftr-476	873	2	,	,	PUNCT
ftr-476	873	3	e.g.	e.g.	ADV
ftr-476	873	4	,	,	PUNCT
ftr-476	873	5	bartels	bartel	NOUN
ftr-476	873	6	v.	v.	ADP
ftr-476	873	7	birmingham	birmingham	PROPN
ftr-476	873	8	,	,	PUNCT
ftr-476	873	9	332	332	NUM
ftr-476	873	10	u.s	u.s	PROPN
ftr-476	873	11	.	.	PROPN
ftr-476	873	12	126	126	NUM
ftr-476	873	13	(	(	PUNCT
ftr-476	873	14	1947	1947	NUM
ftr-476	873	15	)	)	PUNCT
ftr-476	873	16	(	(	PUNCT
ftr-476	873	17	treating	treat	VERB
ftr-476	873	18	a	a	DET
ftr-476	873	19	party	party	NOUN
ftr-476	873	20	denominated	denominate	VERB
ftr-476	873	21	by	by	ADP
ftr-476	873	22	the	the	DET
ftr-476	873	23	contract	contract	NOUN
ftr-476	873	24	as	as	ADP
ftr-476	873	25	employee	employee	NOUN
ftr-476	873	26	as	as	ADP
ftr-476	873	27	an	an	DET
ftr-476	873	28	independent	independent	ADJ
ftr-476	873	29	contractor	contractor	NOUN
ftr-476	873	30	):	):	PUNCT
ftr-476	873	31	helvering	helvere	VERB
ftr-476	873	32	v.	v.	ADP
ftr-476	873	33	f.	f.	PROPN
ftr-476	873	34	&	&	CCONJ
ftr-476	873	35	r.	r.	PROPN
ftr-476	873	36	lazarus	lazarus	PROPN
ftr-476	873	37	&	&	CCONJ
ftr-476	873	38	co.	co.	PROPN
ftr-476	873	39	,	,	PUNCT
ftr-476	873	40	308	308	NUM
ftr-476	873	41	u.s	u.s	PROPN
ftr-476	873	42	.	.	PROPN
ftr-476	873	43	252	252	NUM
ftr-476	873	44	(	(	PUNCT
ftr-476	873	45	1939	1939	NUM
ftr-476	873	46	)	)	PUNCT
ftr-476	873	47	(	(	PUNCT
ftr-476	873	48	treating	treat	VERB
ftr-476	873	49	sale	sale	NOUN
ftr-476	873	50	-	-	PUNCT
ftr-476	873	51	leaseback	leaseback	NOUN
ftr-476	873	52	as	as	ADP
ftr-476	873	53	a	a	DET
ftr-476	873	54	mortgage	mortgage	NOUN
ftr-476	873	55	)	)	PUNCT
ftr-476	873	56	.	.	PUNCT
ftr-476	874	1	138	138	NUM
ftr-476	874	2	.	.	PUNCT
ftr-476	875	1	the	the	DET
ftr-476	875	2	recognition	recognition	NOUN
ftr-476	875	3	of	of	ADP
ftr-476	875	4	a	a	DET
ftr-476	875	5	loss	loss	NOUN
ftr-476	875	6	upon	upon	SCONJ
ftr-476	875	7	a	a	DET
ftr-476	875	8	sale	sale	NOUN
ftr-476	875	9	to	to	ADP
ftr-476	875	10	a	a	DET
ftr-476	875	11	related	relate	VERB
ftr-476	875	12	party	party	NOUN
ftr-476	875	13	can	can	AUX
ftr-476	875	14	be	be	AUX
ftr-476	875	15	limited	limit	VERB
ftr-476	875	16	.	.	PUNCT
ftr-476	876	1	irc	irc	PROPN
ftr-476	876	2	§	§	PROPN
ftr-476	876	3	267	267	NUM
ftr-476	876	4	;	;	PUNCT
ftr-476	876	5	higgins	higgins	PROPN
ftr-476	876	6	v.	v.	ADP
ftr-476	876	7	smith	smith	PROPN
ftr-476	876	8	,	,	PUNCT
ftr-476	876	9	308	308	NUM
ftr-476	876	10	u.s	u.s	PROPN
ftr-476	876	11	.	.	PROPN
ftr-476	876	12	473	473	NUM
ftr-476	876	13	(	(	PUNCT
ftr-476	876	14	1940	1940	NUM
ftr-476	876	15	)	)	PUNCT
ftr-476	876	16	.	.	PUNCT
ftr-476	877	1	139	139	NUM
ftr-476	877	2	.	.	X
ftr-476	877	3	manning	man	VERB
ftr-476	877	4	,	,	PUNCT
ftr-476	877	5	supra	supra	PROPN
ftr-476	877	6	note	note	NOUN
ftr-476	877	7	21	21	NUM
ftr-476	877	8	,	,	PUNCT
ftr-476	877	9	at	at	ADP
ftr-476	877	10	195	195	NUM
ftr-476	877	11	.	.	NOUN
ftr-476	877	12	140	140	NUM
ftr-476	877	13	.	.	PUNCT
ftr-476	878	1	g.c.m	g.c.m	PROPN
ftr-476	878	2	.	.	PROPN
ftr-476	878	3	33937	33937	NUM
ftr-476	878	4	(	(	PUNCT
ftr-476	878	5	sept	sept	PROPN
ftr-476	878	6	.	.	PROPN
ftr-476	878	7	30	30	NUM
ftr-476	878	8	,	,	PUNCT
ftr-476	878	9	1968	1968	NUM
ftr-476	878	10	)	)	PUNCT
ftr-476	878	11	.	.	PUNCT
ftr-476	879	1	141	141	NUM
ftr-476	879	2	.	.	PUNCT
ftr-476	880	1	see	see	VERB
ftr-476	880	2	albany	albany	PROPN
ftr-476	880	3	car	car	PROPN
ftr-476	880	4	wheel	wheel	PROPN
ftr-476	880	5	co.	co.	PROPN
ftr-476	881	1	v.	v.	PROPN
ftr-476	881	2	commissioner	commissioner	PROPN
ftr-476	881	3	,	,	PUNCT
ftr-476	881	4	40	40	NUM
ftr-476	881	5	t.c	t.c	PROPN
ftr-476	881	6	.	.	PROPN
ftr-476	881	7	831	831	NUM
ftr-476	881	8	,	,	PUNCT
ftr-476	881	9	841	841	NUM
ftr-476	881	10	(	(	PUNCT
ftr-476	881	11	1963	1963	NUM
ftr-476	881	12	)	)	PUNCT
ftr-476	881	13	.	.	PUNCT
ftr-476	882	1	afrd	afrd	ADJ
ftr-476	882	2	per	per	ADP
ftr-476	882	3	curiam	curiam	NOUN
ftr-476	882	4	,	,	PUNCT
ftr-476	882	5	333	333	NUM
ftr-476	882	6	f.2d	f.2d	ADP
ftr-476	882	7	653	653	NUM
ftr-476	882	8	(	(	PUNCT
ftr-476	882	9	2d	2d	NUM
ftr-476	882	10	cir	cir	NOUN
ftr-476	882	11	.	.	PROPN
ftr-476	882	12	1964	1964	NUM
ftr-476	882	13	)	)	PUNCT
ftr-476	882	14	(	(	PUNCT
ftr-476	882	15	stating	state	VERB
ftr-476	882	16	,	,	PUNCT
ftr-476	882	17	in	in	ADP
ftr-476	882	18	dicta	dicta	ADJ
ftr-476	882	19	,	,	PUNCT
ftr-476	882	20	that	that	SCONJ
ftr-476	882	21	payments	payment	NOUN
ftr-476	882	22	on	on	ADP
ftr-476	882	23	contingent	contingent	ADJ
ftr-476	882	24	obligations	obligation	NOUN
ftr-476	882	25	may	may	AUX
ftr-476	882	26	be	be	AUX
ftr-476	882	27	taken	take	VERB
ftr-476	882	28	into	into	ADP
ftr-476	882	29	account	account	NOUN
ftr-476	882	30	when	when	SCONJ
ftr-476	882	31	accrued	accrue	VERB
ftr-476	882	32	)	)	PUNCT
ftr-476	882	33	.	.	PUNCT
ftr-476	883	1	142	142	NUM
ftr-476	883	2	.	.	PUNCT
ftr-476	884	1	see	see	VERB
ftr-476	884	2	bussing	buss	VERB
ftr-476	884	3	v.	v.	ADP
ftr-476	884	4	commissioner	commissioner	NOUN
ftr-476	884	5	,	,	PUNCT
ftr-476	884	6	88	88	NUM
ftr-476	884	7	t.c	t.c	PROPN
ftr-476	884	8	.	.	PROPN
ftr-476	884	9	449	449	NUM
ftr-476	884	10	,	,	PUNCT
ftr-476	884	11	463	463	NUM
ftr-476	884	12	-	-	SYM
ftr-476	884	13	64	64	NUM
ftr-476	884	14	(	(	PUNCT
ftr-476	884	15	1987	1987	NUM
ftr-476	884	16	)	)	PUNCT
ftr-476	884	17	rev	rev	PROPN
ftr-476	884	18	.	.	PUNCT
ftr-476	885	1	rul	rul	PROPN
ftr-476	885	2	.	.	PUNCT
ftr-476	886	1	80	80	NUM
ftr-476	886	2	-	-	SYM
ftr-476	886	3	235	235	NUM
ftr-476	886	4	.	.	PUNCT
ftr-476	887	1	1980	1980	NUM
ftr-476	887	2	-	-	SYM
ftr-476	887	3	2	2	NUM
ftr-476	887	4	c.b	c.b	PROPN
ftr-476	887	5	.	.	PROPN
ftr-476	887	6	229	229	NUM
ftr-476	887	7	.	.	PUNCT
ftr-476	887	8	19941	19941	NUM
ftr-476	888	1	florida	florida	PROPN
ftr-476	888	2	tax	tax	NOUN
ftr-476	888	3	review	review	NOUN
ftr-476	888	4	in	in	ADP
ftr-476	888	5	view	view	NOUN
ftr-476	888	6	of	of	ADP
ftr-476	888	7	the	the	DET
ftr-476	888	8	fact	fact	NOUN
ftr-476	888	9	that	that	SCONJ
ftr-476	888	10	the	the	DET
ftr-476	888	11	treatment	treatment	NOUN
ftr-476	888	12	of	of	ADP
ftr-476	888	13	later	later	ADJ
ftr-476	888	14	payment	payment	NOUN
ftr-476	888	15	of	of	ADP
ftr-476	888	16	contingent	contingent	ADJ
ftr-476	888	17	obligations	obligation	NOUN
ftr-476	888	18	has	have	AUX
ftr-476	888	19	not	not	PART
ftr-476	888	20	been	be	AUX
ftr-476	888	21	fully	fully	ADV
ftr-476	888	22	worked	work	VERB
ftr-476	888	23	out	out	ADP
ftr-476	888	24	,	,	PUNCT
ftr-476	888	25	143	143	NUM
ftr-476	888	26	it	it	PRON
ftr-476	888	27	is	be	AUX
ftr-476	888	28	not	not	PART
ftr-476	888	29	surprising	surprising	ADJ
ftr-476	888	30	that	that	SCONJ
ftr-476	888	31	the	the	DET
ftr-476	888	32	service	service	NOUN
ftr-476	888	33	has	have	AUX
ftr-476	888	34	guided	guide	VERB
ftr-476	888	35	the	the	DET
ftr-476	888	36	matter	matter	NOUN
ftr-476	888	37	into	into	ADP
ftr-476	888	38	the	the	DET
ftr-476	888	39	relatively	relatively	ADV
ftr-476	888	40	safe	safe	ADJ
ftr-476	888	41	(	(	PUNCT
ftr-476	888	42	but	but	CCONJ
ftr-476	888	43	ill	ill	ADV
ftr-476	888	44	-	-	PUNCT
ftr-476	888	45	fitting	fit	VERB
ftr-476	888	46	)	)	PUNCT
ftr-476	888	47	harbor	harbor	NOUN
ftr-476	888	48	of	of	ADP
ftr-476	888	49	zero	zero	NUM
ftr-476	888	50	basis	basis	NOUN
ftr-476	888	51	property	property	NOUN
ftr-476	888	52	under	under	ADP
ftr-476	888	53	section	section	NOUN
ftr-476	888	54	351	351	NUM
ftr-476	888	55	.	.	PUNCT
ftr-476	889	1	it	it	PRON
ftr-476	889	2	might	might	AUX
ftr-476	889	3	be	be	AUX
ftr-476	889	4	said	say	VERB
ftr-476	889	5	that	that	SCONJ
ftr-476	889	6	the	the	DET
ftr-476	889	7	fit	fit	NOUN
ftr-476	889	8	is	be	AUX
ftr-476	889	9	"	"	PUNCT
ftr-476	889	10	close	close	ADJ
ftr-476	889	11	enough	enough	ADV
ftr-476	889	12	for	for	ADP
ftr-476	889	13	government	government	NOUN
ftr-476	889	14	work	work	NOUN
ftr-476	889	15	"	"	PUNCT
ftr-476	889	16	'	'	PUNCT
ftr-476	889	17	"	"	PUNCT
ftr-476	889	18	if	if	SCONJ
ftr-476	889	19	it	it	PRON
ftr-476	889	20	is	be	AUX
ftr-476	889	21	made	make	VERB
ftr-476	889	22	clear	clear	ADJ
ftr-476	889	23	that	that	SCONJ
ftr-476	889	24	later	later	ADJ
ftr-476	889	25	payment	payment	NOUN
ftr-476	889	26	of	of	ADP
ftr-476	889	27	the	the	DET
ftr-476	889	28	obligation	obligation	NOUN
ftr-476	889	29	produces	produce	VERB
ftr-476	889	30	stock	stock	NOUN
ftr-476	889	31	basis	basis	NOUN
ftr-476	889	32	and	and	CCONJ
ftr-476	889	33	that	that	SCONJ
ftr-476	889	34	the	the	DET
ftr-476	889	35	corporation	corporation	NOUN
ftr-476	889	36	is	be	AUX
ftr-476	889	37	protected	protect	VERB
ftr-476	889	38	from	from	ADP
ftr-476	889	39	unsuspected	unsuspected	ADJ
ftr-476	889	40	gain	gain	NOUN
ftr-476	889	41	on	on	ADP
ftr-476	889	42	the	the	DET
ftr-476	889	43	obligation	obligation	NOUN
ftr-476	889	44	.	.	PUNCT
ftr-476	890	1	as	as	ADP
ftr-476	890	2	to	to	ADP
ftr-476	890	3	the	the	DET
ftr-476	890	4	treatment	treatment	NOUN
ftr-476	890	5	of	of	ADP
ftr-476	890	6	the	the	DET
ftr-476	890	7	corporation	corporation	NOUN
ftr-476	890	8	holding	hold	VERB
ftr-476	890	9	the	the	DET
ftr-476	890	10	transferor	transferor	NOUN
ftr-476	890	11	's	's	PART
ftr-476	890	12	obligation	obligation	NOUN
ftr-476	890	13	,	,	PUNCT
ftr-476	890	14	contrary	contrary	ADV
ftr-476	890	15	to	to	ADP
ftr-476	890	16	the	the	DET
ftr-476	890	17	fears	fear	NOUN
ftr-476	890	18	of	of	ADP
ftr-476	890	19	the	the	DET
ftr-476	890	20	second	second	ADJ
ftr-476	890	21	circuit	circuit	NOUN
ftr-476	890	22	in	in	ADP
ftr-476	890	23	lessinger	lessinger	ADJ
ftr-476	890	24	,	,	PUNCT
ftr-476	890	25	45	45	NUM
ftr-476	890	26	the	the	DET
ftr-476	890	27	phantom	phantom	NOUN
ftr-476	890	28	gain	gain	NOUN
ftr-476	890	29	concerns	concern	NOUN
ftr-476	890	30	should	should	AUX
ftr-476	890	31	be	be	AUX
ftr-476	890	32	manageable	manageable	ADJ
ftr-476	890	33	.	.	PUNCT
ftr-476	891	1	if	if	SCONJ
ftr-476	891	2	the	the	DET
ftr-476	891	3	obligation	obligation	NOUN
ftr-476	891	4	is	be	AUX
ftr-476	891	5	viewed	view	VERB
ftr-476	891	6	as	as	ADP
ftr-476	891	7	a	a	DET
ftr-476	891	8	contingent	contingent	NOUN
ftr-476	891	9	promise	promise	NOUN
ftr-476	891	10	to	to	PART
ftr-476	891	11	make	make	VERB
ftr-476	891	12	a	a	DET
ftr-476	891	13	capital	capital	NOUN
ftr-476	891	14	contribution	contribution	NOUN
ftr-476	891	15	,	,	PUNCT
ftr-476	891	16	sections	section	NOUN
ftr-476	891	17	118	118	NUM
ftr-476	891	18	and	and	CCONJ
ftr-476	891	19	1032	1032	NUM
ftr-476	891	20	should	should	AUX
ftr-476	891	21	protect	protect	VERB
ftr-476	891	22	the	the	DET
ftr-476	891	23	corporation	corporation	NOUN
ftr-476	891	24	from	from	ADP
ftr-476	891	25	recognizing	recognize	VERB
ftr-476	891	26	income	income	NOUN
ftr-476	891	27	on	on	ADP
ftr-476	891	28	collecting	collect	VERB
ftr-476	891	29	the	the	DET
ftr-476	891	30	obligation	obligation	NOUN
ftr-476	891	31	.	.	PUNCT
ftr-476	892	1	while	while	SCONJ
ftr-476	892	2	the	the	DET
ftr-476	892	3	corporation	corporation	NOUN
ftr-476	892	4	might	might	AUX
ftr-476	892	5	recognize	recognize	VERB
ftr-476	892	6	gain	gain	NOUN
ftr-476	892	7	in	in	ADP
ftr-476	892	8	the	the	DET
ftr-476	892	9	unlikely	unlikely	ADJ
ftr-476	892	10	event	event	NOUN
ftr-476	892	11	that	that	PRON
ftr-476	892	12	it	it	PRON
ftr-476	892	13	sells	sell	VERB
ftr-476	892	14	the	the	DET
ftr-476	892	15	obligation	obligation	NOUN
ftr-476	892	16	,	,	PUNCT
ftr-476	892	17	46	46	NUM
ftr-476	892	18	the	the	DET
ftr-476	892	19	service	service	NOUN
ftr-476	892	20	may	may	AUX
ftr-476	892	21	provide	provide	VERB
ftr-476	892	22	relief	relief	NOUN
ftr-476	892	23	,	,	PUNCT
ftr-476	892	24	as	as	SCONJ
ftr-476	892	25	it	it	PRON
ftr-476	892	26	has	have	AUX
ftr-476	892	27	in	in	ADP
ftr-476	892	28	the	the	DET
ftr-476	892	29	cases	case	NOUN
ftr-476	892	30	of	of	ADP
ftr-476	892	31	parent	parent	NOUN
ftr-476	892	32	stock	stock	NOUN
ftr-476	892	33	received	receive	VERB
ftr-476	892	34	by	by	ADP
ftr-476	892	35	a	a	DET
ftr-476	892	36	subsidiary	subsidiary	NOUN
ftr-476	892	37	in	in	ADP
ftr-476	892	38	a	a	DET
ftr-476	892	39	triangular	triangular	NOUN
ftr-476	892	40	reorganization	reorganization	NOUN
ftr-476	892	41	and	and	CCONJ
ftr-476	892	42	used	use	VERB
ftr-476	892	43	by	by	ADP
ftr-476	892	44	the	the	DET
ftr-476	892	45	subsidiary	subsidiary	NOUN
ftr-476	892	46	in	in	ADP
ftr-476	892	47	compensating	compensate	VERB
ftr-476	892	48	employees	employee	NOUN
ftr-476	892	49	.	.	PUNCT
ftr-476	893	1	47	47	NUM
ftr-476	893	2	though	though	SCONJ
ftr-476	893	3	it	it	PRON
ftr-476	893	4	might	might	AUX
ftr-476	893	5	be	be	AUX
ftr-476	893	6	too	too	ADV
ftr-476	893	7	complicated	complicated	ADJ
ftr-476	893	8	to	to	PART
ftr-476	893	9	effectuate	effectuate	VERB
ftr-476	893	10	,	,	PUNCT
ftr-476	893	11	the	the	DET
ftr-476	893	12	proper	proper	ADJ
ftr-476	893	13	view	view	NOUN
ftr-476	893	14	is	be	AUX
ftr-476	893	15	that	that	SCONJ
ftr-476	893	16	at	at	ADP
ftr-476	893	17	the	the	DET
ftr-476	893	18	time	time	NOUN
ftr-476	893	19	of	of	ADP
ftr-476	893	20	factoring	factoring	NOUN
ftr-476	893	21	,	,	PUNCT
ftr-476	893	22	the	the	DET
ftr-476	893	23	previously	previously	ADV
ftr-476	893	24	contingent	contingent	ADJ
ftr-476	893	25	capital	capital	NOUN
ftr-476	893	26	contribution	contribution	NOUN
ftr-476	893	27	has	have	AUX
ftr-476	893	28	been	be	AUX
ftr-476	893	29	made	make	VERB
ftr-476	893	30	certain	certain	ADJ
ftr-476	893	31	due	due	ADP
ftr-476	893	32	to	to	ADP
ftr-476	893	33	the	the	DET
ftr-476	893	34	substitution	substitution	NOUN
ftr-476	893	35	of	of	ADP
ftr-476	893	36	the	the	DET
ftr-476	893	37	independent	independent	ADJ
ftr-476	893	38	creditor	creditor	NOUN
ftr-476	893	39	.	.	PUNCT
ftr-476	894	1	the	the	DET
ftr-476	894	2	partnership	partnership	NOUN
ftr-476	894	3	capital	capital	PROPN
ftr-476	894	4	account	account	PROPN
ftr-476	894	5	regulations	regulation	NOUN
ftr-476	894	6	adopt	adopt	VERB
ftr-476	894	7	this	this	DET
ftr-476	894	8	approach	approach	NOUN
ftr-476	894	9	to	to	AUX
ftr-476	894	10	account	account	VERB
ftr-476	894	11	for	for	ADP
ftr-476	894	12	contributed	contributed	ADJ
ftr-476	894	13	obligations	obligation	NOUN
ftr-476	894	14	.	.	PUNCT
ftr-476	894	15	'	'	PUNCT
ftr-476	895	1	as	as	ADP
ftr-476	895	2	a	a	DET
ftr-476	895	3	result	result	NOUN
ftr-476	895	4	,	,	PUNCT
ftr-476	895	5	not	not	PART
ftr-476	895	6	only	only	ADV
ftr-476	895	7	should	should	AUX
ftr-476	895	8	the	the	DET
ftr-476	895	9	shareholder	shareholder	NOUN
ftr-476	895	10	then	then	ADV
ftr-476	895	11	acquire	acquire	VERB
ftr-476	895	12	basis	basis	NOUN
ftr-476	895	13	in	in	ADP
ftr-476	895	14	that	that	DET
ftr-476	895	15	amount	amount	NOUN
ftr-476	895	16	,	,	PUNCT
ftr-476	895	17	but	but	CCONJ
ftr-476	895	18	the	the	DET
ftr-476	895	19	corporation	corporation	NOUN
ftr-476	895	20	should	should	AUX
ftr-476	895	21	then	then	ADV
ftr-476	895	22	obtain	obtain	VERB
ftr-476	895	23	basis	basis	NOUN
ftr-476	895	24	in	in	ADP
ftr-476	895	25	the	the	DET
ftr-476	895	26	obligation	obligation	NOUN
ftr-476	895	27	in	in	ADP
ftr-476	895	28	that	that	DET
ftr-476	895	29	amount	amount	NOUN
ftr-476	895	30	,	,	PUNCT
ftr-476	895	31	and	and	CCONJ
ftr-476	895	32	should	should	AUX
ftr-476	895	33	recognize	recognize	VERB
ftr-476	895	34	gain	gain	NOUN
ftr-476	895	35	or	or	CCONJ
ftr-476	895	36	loss	loss	NOUN
ftr-476	895	37	only	only	ADV
ftr-476	895	38	to	to	ADP
ftr-476	895	39	the	the	DET
ftr-476	895	40	extent	extent	NOUN
ftr-476	895	41	the	the	DET
ftr-476	895	42	amount	amount	NOUN
ftr-476	895	43	realized	realize	VERB
ftr-476	895	44	differs	differ	NOUN
ftr-476	895	45	from	from	ADP
ftr-476	895	46	the	the	DET
ftr-476	895	47	amount	amount	NOUN
ftr-476	895	48	of	of	ADP
ftr-476	895	49	the	the	DET
ftr-476	895	50	note	note	NOUN
ftr-476	895	51	.	.	PUNCT
ftr-476	896	1	49	49	NUM
ftr-476	896	2	this	this	DET
ftr-476	896	3	143	143	NOUN
ftr-476	896	4	.	.	PUNCT
ftr-476	897	1	see	see	VERB
ftr-476	897	2	2	2	NUM
ftr-476	897	3	bittker	bittker	NOUN
ftr-476	897	4	&	&	CCONJ
ftr-476	897	5	lokken	lokken	PROPN
ftr-476	897	6	,	,	PUNCT
ftr-476	897	7	supra	supra	PROPN
ftr-476	897	8	note	note	PROPN
ftr-476	897	9	49	49	NUM
ftr-476	897	10	,	,	PUNCT
ftr-476	897	11	at$	at$	X
ftr-476	897	12	41.2.2	41.2.2	NUM
ftr-476	897	13	;	;	PUNCT
ftr-476	897	14	alfred	alfred	PROPN
ftr-476	897	15	o.	o.	PROPN
ftr-476	897	16	youngwood	youngwood	PROPN
ftr-476	897	17	,	,	PUNCT
ftr-476	897	18	the	the	DET
ftr-476	897	19	tax	tax	NOUN
ftr-476	897	20	treatment	treatment	NOUN
ftr-476	897	21	of	of	ADP
ftr-476	897	22	contingent	contingent	ADJ
ftr-476	897	23	liabilities	liability	NOUN
ftr-476	897	24	in	in	ADP
ftr-476	897	25	taxable	taxable	ADJ
ftr-476	897	26	asset	asset	NOUN
ftr-476	897	27	acquisitions	acquisition	NOUN
ftr-476	897	28	,	,	PUNCT
ftr-476	897	29	44	44	NUM
ftr-476	897	30	tax	tax	NOUN
ftr-476	897	31	law	law	NOUN
ftr-476	897	32	.	.	PUNCT
ftr-476	898	1	765	765	NUM
ftr-476	898	2	(	(	PUNCT
ftr-476	898	3	1991	1991	NUM
ftr-476	898	4	)	)	PUNCT
ftr-476	898	5	.	.	PUNCT
ftr-476	899	1	the	the	DET
ftr-476	899	2	scant	scant	ADJ
ftr-476	899	3	authority	authority	NOUN
ftr-476	899	4	in	in	ADP
ftr-476	899	5	the	the	DET
ftr-476	899	6	corporate	corporate	ADJ
ftr-476	899	7	area	area	NOUN
ftr-476	899	8	includes	include	VERB
ftr-476	899	9	whiting	whiting	NOUN
ftr-476	899	10	v.	v.	ADP
ftr-476	899	11	commissioner	commissioner	NOUN
ftr-476	899	12	,	,	PUNCT
ftr-476	900	1	47	47	NUM
ftr-476	900	2	t.c	t.c	PROPN
ftr-476	900	3	.	.	PROPN
ftr-476	900	4	memo	memo	NOUN
ftr-476	900	5	(	(	PUNCT
ftr-476	900	6	cch	cch	PROPN
ftr-476	900	7	)	)	PUNCT
ftr-476	900	8	1334	1334	NUM
ftr-476	900	9	,	,	PUNCT
ftr-476	900	10	t.c	t.c	PROPN
ftr-476	900	11	.	.	PROPN
ftr-476	900	12	memo	memo	NOUN
ftr-476	900	13	(	(	PUNCT
ftr-476	900	14	p	p	NOUN
ftr-476	900	15	-	-	PUNCT
ftr-476	900	16	h	h	NOUN
ftr-476	900	17	)	)	PUNCT
ftr-476	900	18	84,142	84,142	NUM
ftr-476	900	19	(	(	PUNCT
ftr-476	900	20	1984	1984	NUM
ftr-476	900	21	)	)	PUNCT
ftr-476	900	22	(	(	PUNCT
ftr-476	900	23	holding	hold	VERB
ftr-476	900	24	that	that	SCONJ
ftr-476	900	25	a	a	DET
ftr-476	900	26	reduction	reduction	NOUN
ftr-476	900	27	in	in	ADP
ftr-476	900	28	the	the	DET
ftr-476	900	29	amount	amount	NOUN
ftr-476	900	30	of	of	ADP
ftr-476	900	31	shareholders	shareholder	NOUN
ftr-476	900	32	'	'	PART
ftr-476	900	33	unpaid	unpaid	ADJ
ftr-476	900	34	subscription	subscription	NOUN
ftr-476	900	35	did	do	AUX
ftr-476	900	36	not	not	PART
ftr-476	900	37	produced	produce	VERB
ftr-476	900	38	discharge	discharge	NOUN
ftr-476	900	39	of	of	ADP
ftr-476	900	40	indebtedness	indebtedness	NOUN
ftr-476	900	41	income	income	NOUN
ftr-476	900	42	)	)	PUNCT
ftr-476	900	43	.	.	PUNCT
ftr-476	901	1	144	144	NUM
ftr-476	901	2	.	.	PUNCT
ftr-476	901	3	associated	associated	ADJ
ftr-476	901	4	industries	industry	NOUN
ftr-476	901	5	of	of	ADP
ftr-476	901	6	missouri	missouri	PROPN
ftr-476	901	7	v.	v.	PROPN
ftr-476	901	8	lohman	lohman	PROPN
ftr-476	901	9	,	,	PUNCT
ftr-476	901	10	114	114	NUM
ftr-476	901	11	s.	s.	PROPN
ftr-476	901	12	ct	ct	PROPN
ftr-476	901	13	.	.	PROPN
ftr-476	901	14	1815	1815	NUM
ftr-476	901	15	,	,	PUNCT
ftr-476	901	16	1820	1820	NUM
ftr-476	901	17	(	(	PUNCT
ftr-476	901	18	1994	1994	NUM
ftr-476	901	19	)	)	PUNCT
ftr-476	901	20	(	(	PUNCT
ftr-476	901	21	citing	cite	VERB
ftr-476	901	22	a	a	DET
ftr-476	901	23	dissenting	dissent	VERB
ftr-476	901	24	state	state	NOUN
ftr-476	901	25	court	court	NOUN
ftr-476	901	26	judge	judge	NOUN
ftr-476	901	27	's	's	PART
ftr-476	901	28	characterization	characterization	NOUN
ftr-476	901	29	of	of	ADP
ftr-476	901	30	the	the	DET
ftr-476	901	31	majority	majority	NOUN
ftr-476	901	32	's	's	PART
ftr-476	901	33	reasoning	reasoning	NOUN
ftr-476	901	34	)	)	PUNCT
ftr-476	901	35	.	.	PUNCT
ftr-476	902	1	145	145	NUM
ftr-476	902	2	.	.	PUNCT
ftr-476	903	1	lessinger	lessinger	PROPN
ftr-476	903	2	v.	v.	PROPN
ftr-476	903	3	commissioner	commissioner	PROPN
ftr-476	903	4	,	,	PUNCT
ftr-476	903	5	872	872	NUM
ftr-476	903	6	f.2d	f.2d	ADP
ftr-476	903	7	519	519	NUM
ftr-476	903	8	,	,	PUNCT
ftr-476	903	9	525	525	NUM
ftr-476	903	10	(	(	PUNCT
ftr-476	903	11	2d	2d	NUM
ftr-476	903	12	cir	cir	NOUN
ftr-476	903	13	.	.	PROPN
ftr-476	903	14	1989	1989	NUM
ftr-476	903	15	)	)	PUNCT
ftr-476	903	16	.	.	PUNCT
ftr-476	904	1	146	146	NUM
ftr-476	904	2	.	.	PUNCT
ftr-476	905	1	this	this	DET
ftr-476	905	2	eventuality	eventuality	NOUN
ftr-476	905	3	is	be	AUX
ftr-476	905	4	not	not	PART
ftr-476	905	5	entirely	entirely	ADV
ftr-476	905	6	speculative	speculative	ADJ
ftr-476	905	7	,	,	PUNCT
ftr-476	905	8	as	as	SCONJ
ftr-476	905	9	evidenced	evidence	VERB
ftr-476	905	10	by	by	ADP
ftr-476	905	11	rev	rev	PROPN
ftr-476	905	12	.	.	PROPN
ftr-476	905	13	rul	rul	NOUN
ftr-476	905	14	.	.	PUNCT
ftr-476	906	1	74	74	NUM
ftr-476	906	2	-	-	SYM
ftr-476	906	3	80	80	NUM
ftr-476	906	4	,	,	PUNCT
ftr-476	906	5	1974	1974	NUM
ftr-476	906	6	-	-	SYM
ftr-476	906	7	1	1	NUM
ftr-476	906	8	c.b	c.b	PROPN
ftr-476	906	9	.	.	PROPN
ftr-476	906	10	117	117	NUM
ftr-476	906	11	,	,	PUNCT
ftr-476	906	12	involving	involve	VERB
ftr-476	906	13	such	such	ADJ
ftr-476	906	14	factoring	factoring	NOUN
ftr-476	906	15	.	.	PUNCT
ftr-476	907	1	147	147	NUM
ftr-476	907	2	.	.	PUNCT
ftr-476	908	1	rev	rev	PROPN
ftr-476	908	2	.	.	PUNCT
ftr-476	909	1	rul	rul	PROPN
ftr-476	909	2	.	.	PUNCT
ftr-476	910	1	57	57	NUM
ftr-476	910	2	-	-	SYM
ftr-476	910	3	278	278	NUM
ftr-476	910	4	,	,	PUNCT
ftr-476	910	5	1957	1957	NUM
ftr-476	910	6	-	-	SYM
ftr-476	910	7	1	1	NUM
ftr-476	910	8	c.b	c.b	PROPN
ftr-476	910	9	.	.	PROPN
ftr-476	910	10	124	124	NUM
ftr-476	910	11	(	(	PUNCT
ftr-476	910	12	involving	involve	VERB
ftr-476	910	13	a	a	DET
ftr-476	910	14	triangular	triangular	NOUN
ftr-476	910	15	c	c	NOUN
ftr-476	910	16	reorganization	reorganization	NOUN
ftr-476	910	17	in	in	ADP
ftr-476	910	18	which	which	PRON
ftr-476	910	19	the	the	DET
ftr-476	910	20	parent	parent	NOUN
ftr-476	910	21	contributed	contribute	VERB
ftr-476	910	22	its	its	PRON
ftr-476	910	23	stock	stock	NOUN
ftr-476	910	24	to	to	ADP
ftr-476	910	25	a	a	DET
ftr-476	910	26	subsidiary	subsidiary	NOUN
ftr-476	910	27	which	which	PRON
ftr-476	910	28	transferred	transfer	VERB
ftr-476	910	29	the	the	DET
ftr-476	910	30	stock	stock	NOUN
ftr-476	910	31	to	to	ADP
ftr-476	910	32	the	the	DET
ftr-476	910	33	target	target	NOUN
ftr-476	910	34	for	for	ADP
ftr-476	910	35	its	its	PRON
ftr-476	910	36	property	property	NOUN
ftr-476	910	37	;	;	PUNCT
ftr-476	910	38	if	if	SCONJ
ftr-476	910	39	the	the	DET
ftr-476	910	40	stock	stock	NOUN
ftr-476	910	41	had	have	AUX
ftr-476	910	42	been	be	AUX
ftr-476	910	43	treated	treat	VERB
ftr-476	910	44	as	as	ADP
ftr-476	910	45	property	property	NOUN
ftr-476	910	46	other	other	ADJ
ftr-476	910	47	than	than	ADP
ftr-476	910	48	the	the	DET
ftr-476	910	49	subsidiary	subsidiary	NOUN
ftr-476	910	50	's	's	PART
ftr-476	910	51	stock	stock	NOUN
ftr-476	910	52	under	under	ADP
ftr-476	910	53	the	the	DET
ftr-476	910	54	normal	normal	ADJ
ftr-476	910	55	rules	rule	NOUN
ftr-476	910	56	,	,	PUNCT
ftr-476	910	57	the	the	DET
ftr-476	910	58	subsidiary	subsidiary	NOUN
ftr-476	910	59	would	would	AUX
ftr-476	910	60	have	have	AUX
ftr-476	910	61	recognized	recognize	VERB
ftr-476	910	62	gain	gain	NOUN
ftr-476	910	63	upon	upon	SCONJ
ftr-476	910	64	its	its	PRON
ftr-476	910	65	exchange	exchange	NOUN
ftr-476	910	66	for	for	ADP
ftr-476	910	67	value	value	NOUN
ftr-476	910	68	)	)	PUNCT
ftr-476	910	69	;	;	PUNCT
ftr-476	910	70	rev	rev	PROPN
ftr-476	910	71	.	.	PROPN
ftr-476	911	1	rul	rul	PROPN
ftr-476	911	2	.	.	PUNCT
ftr-476	912	1	80	80	NUM
ftr-476	912	2	-	-	SYM
ftr-476	912	3	76	76	NUM
ftr-476	912	4	,	,	PUNCT
ftr-476	912	5	1980	1980	NUM
ftr-476	912	6	-	-	SYM
ftr-476	912	7	1	1	NUM
ftr-476	912	8	c.b	c.b	PROPN
ftr-476	912	9	.	.	PROPN
ftr-476	912	10	15	15	NUM
ftr-476	912	11	(	(	PUNCT
ftr-476	912	12	involving	involve	VERB
ftr-476	912	13	a	a	DET
ftr-476	912	14	parent	parent	NOUN
ftr-476	912	15	that	that	PRON
ftr-476	912	16	directly	directly	ADV
ftr-476	912	17	owned	own	VERB
ftr-476	912	18	at	at	ADP
ftr-476	912	19	least	least	ADV
ftr-476	912	20	80	80	NUM
ftr-476	912	21	%	%	NOUN
ftr-476	912	22	of	of	ADP
ftr-476	912	23	the	the	DET
ftr-476	912	24	vote	vote	NOUN
ftr-476	912	25	and	and	CCONJ
ftr-476	912	26	value	value	NOUN
ftr-476	912	27	of	of	ADP
ftr-476	912	28	the	the	DET
ftr-476	912	29	subsidiary	subsidiary	NOUN
ftr-476	912	30	's	's	PART
ftr-476	912	31	stock	stock	NOUN
ftr-476	912	32	and	and	CCONJ
ftr-476	912	33	stating	state	VERB
ftr-476	912	34	that	that	SCONJ
ftr-476	912	35	no	no	DET
ftr-476	912	36	gain	gain	NOUN
ftr-476	912	37	is	be	AUX
ftr-476	912	38	recognized	recognize	VERB
ftr-476	912	39	upon	upon	SCONJ
ftr-476	912	40	transfer	transfer	NOUN
ftr-476	912	41	of	of	ADP
ftr-476	912	42	the	the	DET
ftr-476	912	43	parent	parent	NOUN
ftr-476	912	44	's	's	PART
ftr-476	912	45	stock	stock	NOUN
ftr-476	912	46	"	"	PUNCT
ftr-476	912	47	[	[	X
ftr-476	912	48	blecause	blecause	NOUN
ftr-476	912	49	section	section	NOUN
ftr-476	912	50	83	83	NUM
ftr-476	912	51	applies	applie	NOUN
ftr-476	912	52	"	"	PUNCT
ftr-476	912	53	)	)	PUNCT
ftr-476	912	54	.	.	PUNCT
ftr-476	913	1	148	148	NUM
ftr-476	913	2	.	.	PUNCT
ftr-476	913	3	regs	regs	PROPN
ftr-476	913	4	.	.	PUNCT
ftr-476	914	1	§	§	PROPN
ftr-476	914	2	1.704	1.704	NUM
ftr-476	914	3	-	-	NUM
ftr-476	914	4	1(b)(2)(iv)(d)(2	1(b)(2)(iv)(d)(2	NUM
ftr-476	914	5	)	)	PUNCT
ftr-476	914	6	.	.	PUNCT
ftr-476	915	1	149	149	NUM
ftr-476	915	2	.	.	PUNCT
ftr-476	916	1	cf	cf	NOUN
ftr-476	916	2	.	.	PUNCT
ftr-476	917	1	prop	prop	PROPN
ftr-476	917	2	.	.	PUNCT
ftr-476	918	1	regs	regs	PROPN
ftr-476	918	2	.	.	PUNCT
ftr-476	919	1	§	§	PROPN
ftr-476	919	2	1.453	1.453	NUM
ftr-476	919	3	-	-	SYM
ftr-476	919	4	1(f)(3)(ii	1(f)(3)(ii	NUM
ftr-476	919	5	)	)	PUNCT
ftr-476	919	6	(	(	PUNCT
ftr-476	919	7	basis	basis	NOUN
ftr-476	919	8	step	step	NOUN
ftr-476	919	9	-	-	PUNCT
ftr-476	919	10	up	up	NOUN
ftr-476	919	11	to	to	ADP
ftr-476	919	12	corporation	corporation	NOUN
ftr-476	919	13	delayed	delay	VERB
ftr-476	919	14	until	until	SCONJ
ftr-476	919	15	transferor	transferor	NOUN
ftr-476	919	16	reports	report	NOUN
ftr-476	919	17	boot	boot	NOUN
ftr-476	919	18	gain	gain	VERB
ftr-476	919	19	under	under	ADP
ftr-476	919	20	§	§	PROPN
ftr-476	919	21	453	453	NUM
ftr-476	919	22	)	)	PUNCT
ftr-476	919	23	.	.	PUNCT
ftr-476	920	1	see	see	VERB
ftr-476	920	2	generally	generally	ADV
ftr-476	920	3	cummings	cummings	PROPN
ftr-476	920	4	,	,	PUNCT
ftr-476	920	5	supra	supra	PROPN
ftr-476	920	6	note	note	NOUN
ftr-476	920	7	32	32	NUM
ftr-476	920	8	,	,	PUNCT
ftr-476	920	9	for	for	ADP
ftr-476	920	10	the	the	DET
ftr-476	920	11	view	view	NOUN
ftr-476	920	12	[	[	X
ftr-476	920	13	vol	vol	NOUN
ftr-476	920	14	2:5	2:5	NUM
ftr-476	920	15	zero	zero	NUM
ftr-476	920	16	basis	basis	NOUN
ftr-476	920	17	hoar	hoar	NOUN
ftr-476	920	18	approximates	approximate	VERB
ftr-476	920	19	the	the	DET
ftr-476	920	20	result	result	NOUN
ftr-476	920	21	that	that	PRON
ftr-476	920	22	would	would	AUX
ftr-476	920	23	follow	follow	VERB
ftr-476	920	24	if	if	SCONJ
ftr-476	920	25	the	the	DET
ftr-476	920	26	corporation	corporation	NOUN
ftr-476	920	27	simply	simply	ADV
ftr-476	920	28	were	be	AUX
ftr-476	920	29	given	give	VERB
ftr-476	920	30	basis	basis	NOUN
ftr-476	920	31	in	in	ADP
ftr-476	920	32	the	the	DET
ftr-476	920	33	obligation	obligation	NOUN
ftr-476	920	34	upon	upon	SCONJ
ftr-476	920	35	its	its	PRON
ftr-476	920	36	receipt	receipt	NOUN
ftr-476	920	37	equal	equal	ADJ
ftr-476	920	38	to	to	ADP
ftr-476	920	39	the	the	DET
ftr-476	920	40	value	value	NOUN
ftr-476	920	41	of	of	ADP
ftr-476	920	42	the	the	DET
ftr-476	920	43	stock	stock	NOUN
ftr-476	920	44	issued	issue	VERB
ftr-476	920	45	,	,	PUNCT
ftr-476	920	46	which	which	PRON
ftr-476	920	47	presumably	presumably	ADV
ftr-476	920	48	would	would	AUX
ftr-476	920	49	equal	equal	VERB
ftr-476	920	50	the	the	DET
ftr-476	920	51	value	value	NOUN
ftr-476	920	52	of	of	ADP
ftr-476	920	53	the	the	DET
ftr-476	920	54	obligation	obligation	NOUN
ftr-476	920	55	.	.	PUNCT
ftr-476	921	1	however	however	ADV
ftr-476	921	2	,	,	PUNCT
ftr-476	921	3	that	that	DET
ftr-476	921	4	approach	approach	NOUN
ftr-476	921	5	is	be	AUX
ftr-476	921	6	not	not	PART
ftr-476	921	7	consistent	consistent	ADJ
ftr-476	921	8	with	with	ADP
ftr-476	921	9	the	the	DET
ftr-476	921	10	tax	tax	NOUN
ftr-476	921	11	logic	logic	NOUN
ftr-476	921	12	of	of	ADP
ftr-476	921	13	the	the	DET
ftr-476	921	14	corporate	corporate	ADJ
ftr-476	921	15	entity	entity	NOUN
ftr-476	921	16	;	;	PUNCT
ftr-476	921	17	the	the	DET
ftr-476	921	18	corporation	corporation	NOUN
ftr-476	921	19	should	should	AUX
ftr-476	921	20	derive	derive	VERB
ftr-476	921	21	basis	basis	NOUN
ftr-476	921	22	in	in	ADP
ftr-476	921	23	property	property	NOUN
ftr-476	921	24	acquired	acquire	VERB
ftr-476	921	25	from	from	ADP
ftr-476	921	26	a	a	DET
ftr-476	921	27	shareholder	shareholder	NOUN
ftr-476	921	28	(	(	PUNCT
ftr-476	921	29	controlling	control	VERB
ftr-476	921	30	or	or	CCONJ
ftr-476	921	31	not	not	PART
ftr-476	921	32	)	)	PUNCT
ftr-476	921	33	only	only	ADV
ftr-476	921	34	to	to	ADP
ftr-476	921	35	the	the	DET
ftr-476	921	36	extent	extent	NOUN
ftr-476	921	37	the	the	DET
ftr-476	921	38	shareholder	shareholder	NOUN
ftr-476	921	39	also	also	ADV
ftr-476	921	40	obtains	obtain	VERB
ftr-476	921	41	basis	basis	NOUN
ftr-476	921	42	in	in	ADP
ftr-476	921	43	the	the	DET
ftr-476	921	44	corporation	corporation	NOUN
ftr-476	921	45	's	's	PART
ftr-476	921	46	stock	stock	NOUN
ftr-476	921	47	.	.	PUNCT
ftr-476	922	1	5	5	NUM
ftr-476	922	2	'	'	PUNCT
ftr-476	922	3	however	however	ADV
ftr-476	922	4	,	,	PUNCT
ftr-476	922	5	if	if	SCONJ
ftr-476	922	6	the	the	DET
ftr-476	922	7	transferor	transferor	NOUN
ftr-476	922	8	's	's	PART
ftr-476	922	9	obligation	obligation	NOUN
ftr-476	922	10	is	be	AUX
ftr-476	922	11	in	in	ADP
ftr-476	922	12	such	such	ADJ
ftr-476	922	13	form	form	NOUN
ftr-476	922	14	as	as	SCONJ
ftr-476	922	15	to	to	PART
ftr-476	922	16	reduce	reduce	VERB
ftr-476	922	17	the	the	DET
ftr-476	922	18	amount	amount	NOUN
ftr-476	922	19	of	of	ADP
ftr-476	922	20	debt	debt	NOUN
ftr-476	922	21	assumed	assume	VERB
ftr-476	922	22	or	or	CCONJ
ftr-476	922	23	taken	take	VERB
ftr-476	922	24	subject	subject	NOUN
ftr-476	922	25	to	to	ADP
ftr-476	922	26	for	for	ADP
ftr-476	922	27	purposes	purpose	NOUN
ftr-476	922	28	of	of	ADP
ftr-476	922	29	section	section	NOUN
ftr-476	922	30	357(c	357(c	PROPN
ftr-476	922	31	)	)	PUNCT
ftr-476	922	32	,	,	PUNCT
ftr-476	922	33	as	as	SCONJ
ftr-476	922	34	discussed	discuss	VERB
ftr-476	922	35	in	in	ADP
ftr-476	922	36	part	part	NOUN
ftr-476	922	37	iv	iv	ADP
ftr-476	922	38	,	,	PUNCT
ftr-476	922	39	the	the	DET
ftr-476	922	40	obligation	obligation	NOUN
ftr-476	922	41	can	can	AUX
ftr-476	922	42	not	not	PART
ftr-476	922	43	also	also	ADV
ftr-476	922	44	be	be	AUX
ftr-476	922	45	treated	treat	VERB
ftr-476	922	46	as	as	ADP
ftr-476	922	47	a	a	DET
ftr-476	922	48	contingent	contingent	NOUN
ftr-476	922	49	purchase	purchase	NOUN
ftr-476	922	50	money	money	NOUN
ftr-476	922	51	obligation	obligation	NOUN
ftr-476	922	52	.	.	PUNCT
ftr-476	923	1	rather	rather	ADV
ftr-476	923	2	,	,	PUNCT
ftr-476	923	3	it	it	PRON
ftr-476	923	4	simply	simply	ADV
ftr-476	923	5	reduces	reduce	VERB
ftr-476	923	6	the	the	DET
ftr-476	923	7	reduction	reduction	NOUN
ftr-476	923	8	of	of	ADP
ftr-476	923	9	stock	stock	NOUN
ftr-476	923	10	basis	basis	NOUN
ftr-476	923	11	that	that	PRON
ftr-476	923	12	otherwise	otherwise	ADV
ftr-476	923	13	would	would	AUX
ftr-476	923	14	be	be	AUX
ftr-476	923	15	caused	cause	VERB
ftr-476	923	16	by	by	ADP
ftr-476	923	17	section	section	NOUN
ftr-476	923	18	358(d	358(d	PROPN
ftr-476	923	19	)	)	PUNCT
ftr-476	923	20	.	.	PUNCT
ftr-476	924	1	the	the	DET
ftr-476	924	2	note	note	NOUN
ftr-476	924	3	should	should	AUX
ftr-476	924	4	not	not	PART
ftr-476	924	5	be	be	AUX
ftr-476	924	6	an	an	DET
ftr-476	924	7	independently	independently	ADV
ftr-476	924	8	transferable	transferable	ADJ
ftr-476	924	9	asset	asset	NOUN
ftr-476	924	10	of	of	ADP
ftr-476	924	11	the	the	DET
ftr-476	924	12	corporation	corporation	NOUN
ftr-476	924	13	,	,	PUNCT
ftr-476	924	14	any	any	PRON
ftr-476	924	15	more	more	ADJ
ftr-476	924	16	than	than	ADP
ftr-476	924	17	is	be	AUX
ftr-476	924	18	the	the	DET
ftr-476	924	19	installment	installment	NOUN
ftr-476	924	20	seller	seller	NOUN
ftr-476	924	21	's	's	PART
ftr-476	924	22	duty	duty	NOUN
ftr-476	924	23	to	to	PART
ftr-476	924	24	pay	pay	VERB
ftr-476	924	25	the	the	DET
ftr-476	924	26	wrapped	wrap	VERB
ftr-476	924	27	mortgage	mortgage	NOUN
ftr-476	924	28	.	.	PUNCT
ftr-476	925	1	therefore	therefore	ADV
ftr-476	925	2	,	,	PUNCT
ftr-476	925	3	its	its	PRON
ftr-476	925	4	basis	basis	NOUN
ftr-476	925	5	to	to	ADP
ftr-476	925	6	the	the	DET
ftr-476	925	7	corporation	corporation	NOUN
ftr-476	925	8	should	should	AUX
ftr-476	925	9	be	be	AUX
ftr-476	925	10	irrelevant	irrelevant	ADJ
ftr-476	925	11	.	.	PUNCT
ftr-476	926	1	3	3	X
ftr-476	926	2	.	.	X
ftr-476	926	3	partner	partner	NOUN
ftr-476	926	4	transferor.-the	transferor.-the	DET
ftr-476	926	5	foregoing	foregoing	NOUN
ftr-476	926	6	has	have	AUX
ftr-476	926	7	proposed	propose	VERB
ftr-476	926	8	that	that	SCONJ
ftr-476	926	9	the	the	DET
ftr-476	926	10	section	section	NOUN
ftr-476	926	11	351	351	NUM
ftr-476	926	12	transferor	transferor	NOUN
ftr-476	926	13	's	's	PART
ftr-476	926	14	obligation	obligation	NOUN
ftr-476	926	15	should	should	AUX
ftr-476	926	16	perform	perform	VERB
ftr-476	926	17	one	one	NUM
ftr-476	926	18	of	of	ADP
ftr-476	926	19	two	two	NUM
ftr-476	926	20	functions	function	NOUN
ftr-476	926	21	:	:	PUNCT
ftr-476	926	22	(	(	PUNCT
ftr-476	926	23	1	1	X
ftr-476	926	24	)	)	PUNCT
ftr-476	926	25	reduce	reduce	VERB
ftr-476	926	26	the	the	DET
ftr-476	926	27	amount	amount	NOUN
ftr-476	926	28	of	of	ADP
ftr-476	926	29	debt	debt	NOUN
ftr-476	926	30	assumed	assume	VERB
ftr-476	926	31	or	or	CCONJ
ftr-476	926	32	taken	take	VERB
ftr-476	926	33	subject	subject	NOUN
ftr-476	926	34	to	to	ADP
ftr-476	926	35	by	by	ADP
ftr-476	926	36	the	the	DET
ftr-476	926	37	corporation	corporation	NOUN
ftr-476	926	38	or	or	CCONJ
ftr-476	926	39	(	(	PUNCT
ftr-476	926	40	2	2	X
ftr-476	926	41	)	)	PUNCT
ftr-476	926	42	serve	serve	VERB
ftr-476	926	43	as	as	ADP
ftr-476	926	44	a	a	DET
ftr-476	926	45	shareholder	shareholder	NOUN
ftr-476	926	46	's	's	PART
ftr-476	926	47	contingent	contingent	ADJ
ftr-476	926	48	obligation	obligation	NOUN
ftr-476	926	49	to	to	PART
ftr-476	926	50	make	make	VERB
ftr-476	926	51	a	a	DET
ftr-476	926	52	capital	capital	NOUN
ftr-476	926	53	contribution	contribution	NOUN
ftr-476	926	54	.	.	PUNCT
ftr-476	927	1	how	how	SCONJ
ftr-476	927	2	do	do	AUX
ftr-476	927	3	these	these	DET
ftr-476	927	4	functions	function	NOUN
ftr-476	927	5	match	match	VERB
ftr-476	927	6	up	up	ADP
ftr-476	927	7	with	with	ADP
ftr-476	927	8	analogous	analogous	ADJ
ftr-476	927	9	situations	situation	NOUN
ftr-476	927	10	in	in	ADP
ftr-476	927	11	the	the	DET
ftr-476	927	12	partnership	partnership	NOUN
ftr-476	927	13	area	area	NOUN
ftr-476	927	14	,	,	PUNCT
ftr-476	927	15	where	where	SCONJ
ftr-476	927	16	the	the	DET
ftr-476	927	17	basis	basis	NOUN
ftr-476	927	18	rules	rule	NOUN
ftr-476	927	19	are	be	AUX
ftr-476	927	20	defined	define	VERB
ftr-476	927	21	in	in	ADP
ftr-476	927	22	more	more	ADJ
ftr-476	927	23	detail	detail	NOUN
ftr-476	927	24	?	?	PUNCT
ftr-476	928	1	they	they	PRON
ftr-476	928	2	match	match	VERB
ftr-476	928	3	up	up	ADP
ftr-476	928	4	surprisingly	surprisingly	ADV
ftr-476	928	5	well	well	ADV
ftr-476	928	6	,	,	PUNCT
ftr-476	928	7	so	so	ADV
ftr-476	928	8	long	long	ADV
ftr-476	928	9	as	as	SCONJ
ftr-476	928	10	the	the	DET
ftr-476	928	11	fundamental	fundamental	ADJ
ftr-476	928	12	differences	difference	NOUN
ftr-476	928	13	between	between	ADP
ftr-476	928	14	corporations	corporation	NOUN
ftr-476	928	15	and	and	CCONJ
ftr-476	928	16	partnerships	partnership	NOUN
ftr-476	928	17	are	be	AUX
ftr-476	928	18	observed	observe	VERB
ftr-476	928	19	.	.	PUNCT
ftr-476	929	1	the	the	DET
ftr-476	929	2	service	service	NOUN
ftr-476	929	3	and	and	CCONJ
ftr-476	929	4	the	the	DET
ftr-476	929	5	tax	tax	NOUN
ftr-476	929	6	court	court	NOUN
ftr-476	929	7	have	have	AUX
ftr-476	929	8	imported	import	VERB
ftr-476	929	9	into	into	ADP
ftr-476	929	10	the	the	DET
ftr-476	929	11	partnership	partnership	NOUN
ftr-476	929	12	area	area	NOUN
ftr-476	929	13	the	the	DET
ftr-476	929	14	zero	zero	NUM
ftr-476	929	15	basis	basis	NOUN
ftr-476	929	16	property	property	NOUN
ftr-476	929	17	approach	approach	NOUN
ftr-476	929	18	applied	apply	VERB
ftr-476	929	19	to	to	ADP
ftr-476	929	20	section	section	NOUN
ftr-476	929	21	351	351	NUM
ftr-476	929	22	transactions	transaction	NOUN
ftr-476	929	23	,	,	PUNCT
ftr-476	929	24	holding	hold	VERB
ftr-476	929	25	that	that	SCONJ
ftr-476	929	26	a	a	DET
ftr-476	929	27	partner	partner	NOUN
ftr-476	929	28	's	's	PART
ftr-476	929	29	issuance	issuance	NOUN
ftr-476	929	30	of	of	ADP
ftr-476	929	31	an	an	DET
ftr-476	929	32	obligation	obligation	NOUN
ftr-476	929	33	to	to	ADP
ftr-476	929	34	a	a	DET
ftr-476	929	35	partnership	partnership	NOUN
ftr-476	929	36	does	do	AUX
ftr-476	929	37	not	not	PART
ftr-476	929	38	directly	directly	ADV
ftr-476	929	39	produce	produce	VERB
ftr-476	929	40	basis	basis	NOUN
ftr-476	929	41	in	in	ADP
ftr-476	929	42	the	the	DET
ftr-476	929	43	partner	partner	NOUN
ftr-476	929	44	's	's	PART
ftr-476	929	45	partnership	partnership	NOUN
ftr-476	929	46	interest	interest	NOUN
ftr-476	929	47	.	.	PUNCT
ftr-476	929	48	'	'	PUNCT
ftr-476	930	1	"	"	PUNCT
ftr-476	930	2	this	this	PRON
ftr-476	930	3	,	,	PUNCT
ftr-476	930	4	however	however	ADV
ftr-476	930	5	,	,	PUNCT
ftr-476	930	6	is	be	AUX
ftr-476	930	7	not	not	PART
ftr-476	930	8	the	the	DET
ftr-476	930	9	end	end	NOUN
ftr-476	930	10	of	of	ADP
ftr-476	930	11	the	the	DET
ftr-476	930	12	basis	basis	NOUN
ftr-476	930	13	story	story	NOUN
ftr-476	930	14	.	.	PUNCT
ftr-476	931	1	the	the	DET
ftr-476	931	2	obligation	obligation	NOUN
ftr-476	931	3	can	can	AUX
ftr-476	931	4	indirectly	indirectly	ADV
ftr-476	931	5	increase	increase	VERB
ftr-476	931	6	the	the	DET
ftr-476	931	7	basis	basis	NOUN
ftr-476	931	8	of	of	ADP
ftr-476	931	9	the	the	DET
ftr-476	931	10	partner	partner	NOUN
ftr-476	931	11	's	's	PART
ftr-476	931	12	interest	interest	NOUN
ftr-476	931	13	through	through	ADP
ftr-476	931	14	the	the	DET
ftr-476	931	15	rule	rule	NOUN
ftr-476	931	16	of	of	ADP
ftr-476	931	17	section	section	NOUN
ftr-476	931	18	752(a	752(a	PROPN
ftr-476	931	19	)	)	PUNCT
ftr-476	931	20	,	,	PUNCT
ftr-476	931	21	which	which	PRON
ftr-476	931	22	treats	treat	VERB
ftr-476	931	23	a	a	DET
ftr-476	931	24	partner	partner	NOUN
ftr-476	931	25	's	's	PART
ftr-476	931	26	assumption	assumption	NOUN
ftr-476	931	27	of	of	ADP
ftr-476	931	28	partnership	partnership	NOUN
ftr-476	931	29	recourse	recourse	NOUN
ftr-476	931	30	debt	debt	NOUN
ftr-476	931	31	as	as	ADP
ftr-476	931	32	a	a	DET
ftr-476	931	33	contribution	contribution	NOUN
ftr-476	931	34	of	of	ADP
ftr-476	931	35	money	money	NOUN
ftr-476	931	36	by	by	ADP
ftr-476	931	37	the	the	DET
ftr-476	931	38	partner	partner	NOUN
ftr-476	931	39	.	.	PUNCT
ftr-476	932	1	under	under	ADP
ftr-476	932	2	section	section	NOUN
ftr-476	932	3	722	722	NUM
ftr-476	932	4	,	,	PUNCT
ftr-476	932	5	the	the	DET
ftr-476	932	6	basis	basis	NOUN
ftr-476	932	7	of	of	ADP
ftr-476	932	8	the	the	DET
ftr-476	932	9	partner	partner	NOUN
ftr-476	932	10	's	's	PART
ftr-476	932	11	interest	interest	NOUN
ftr-476	932	12	is	be	AUX
ftr-476	932	13	increased	increase	VERB
ftr-476	932	14	by	by	ADP
ftr-476	932	15	a	a	DET
ftr-476	932	16	contribution	contribution	NOUN
ftr-476	932	17	of	of	ADP
ftr-476	932	18	money	money	NOUN
ftr-476	932	19	.	.	PUNCT
ftr-476	933	1	if	if	SCONJ
ftr-476	933	2	the	the	DET
ftr-476	933	3	partnership	partnership	NOUN
ftr-476	933	4	is	be	AUX
ftr-476	933	5	indebted	indebte	VERB
ftr-476	933	6	to	to	ADP
ftr-476	933	7	outside	outside	ADJ
ftr-476	933	8	creditors	creditor	NOUN
ftr-476	933	9	(	(	PUNCT
ftr-476	933	10	or	or	CCONJ
ftr-476	933	11	owns	own	VERB
ftr-476	933	12	property	property	NOUN
ftr-476	933	13	that	that	PRON
ftr-476	933	14	the	the	DET
ftr-476	933	15	corporation	corporation	NOUN
ftr-476	933	16	clones	clone	VERB
ftr-476	933	17	the	the	DET
ftr-476	933	18	shareholders	shareholder	NOUN
ftr-476	933	19	'	'	PART
ftr-476	933	20	basis	basis	NOUN
ftr-476	933	21	:	:	PUNCT
ftr-476	933	22	thus	thus	ADV
ftr-476	933	23	when	when	SCONJ
ftr-476	933	24	the	the	DET
ftr-476	933	25	shareholder	shareholder	NOUN
ftr-476	933	26	obtains	obtain	VERB
ftr-476	933	27	basis	basis	NOUN
ftr-476	933	28	.	.	PUNCT
ftr-476	934	1	the	the	DET
ftr-476	934	2	corporation	corporation	NOUN
ftr-476	934	3	should	should	AUX
ftr-476	934	4	do	do	VERB
ftr-476	934	5	likewise	likewise	ADV
ftr-476	934	6	.	.	PUNCT
ftr-476	935	1	see	see	VERB
ftr-476	935	2	also	also	ADV
ftr-476	935	3	luxemburger	luxemburger	PROPN
ftr-476	935	4	&	&	CCONJ
ftr-476	935	5	lange	lange	PROPN
ftr-476	935	6	,	,	PUNCT
ftr-476	935	7	supra	supra	PROPN
ftr-476	935	8	note	note	NOUN
ftr-476	935	9	31	31	NUM
ftr-476	935	10	,	,	PUNCT
ftr-476	935	11	at	at	ADP
ftr-476	935	12	10	10	NUM
ftr-476	935	13	-	-	SYM
ftr-476	935	14	11	11	NUM
ftr-476	935	15	(	(	PUNCT
ftr-476	935	16	recommending	recommend	VERB
ftr-476	935	17	the	the	DET
ftr-476	935	18	same	same	ADJ
ftr-476	935	19	results	result	NOUN
ftr-476	935	20	for	for	ADP
ftr-476	935	21	a	a	DET
ftr-476	935	22	partnership	partnership	NOUN
ftr-476	935	23	's	's	PART
ftr-476	935	24	factoring	factoring	NOUN
ftr-476	935	25	of	of	ADP
ftr-476	935	26	a	a	DET
ftr-476	935	27	contributed	contribute	VERB
ftr-476	935	28	obligation	obligation	NOUN
ftr-476	935	29	)	)	PUNCT
ftr-476	935	30	.	.	PUNCT
ftr-476	936	1	150	150	NUM
ftr-476	936	2	.	.	PUNCT
ftr-476	937	1	the	the	DET
ftr-476	937	2	"	"	PUNCT
ftr-476	937	3	basis	basis	NOUN
ftr-476	937	4	cloning	cloning	NOUN
ftr-476	937	5	"	"	PUNCT
ftr-476	937	6	policy	policy	NOUN
ftr-476	937	7	is	be	AUX
ftr-476	937	8	fully	fully	ADV
ftr-476	937	9	developed	develop	VERB
ftr-476	937	10	in	in	ADP
ftr-476	937	11	cummings	cummings	PROPN
ftr-476	937	12	.	.	PUNCT
ftr-476	938	1	supra	supra	PROPN
ftr-476	938	2	note	note	PROPN
ftr-476	938	3	32	32	NUM
ftr-476	938	4	,	,	PUNCT
ftr-476	938	5	at	at	ADP
ftr-476	938	6	126	126	NUM
ftr-476	938	7	-	-	SYM
ftr-476	938	8	41	41	NUM
ftr-476	938	9	.	.	PUNCT
ftr-476	939	1	151	151	NUM
ftr-476	939	2	.	.	PUNCT
ftr-476	940	1	see	see	VERB
ftr-476	940	2	,	,	PUNCT
ftr-476	940	3	e.g.	e.g.	ADV
ftr-476	940	4	,	,	PUNCT
ftr-476	940	5	rev	rev	PROPN
ftr-476	940	6	.	.	PROPN
ftr-476	941	1	rul	rul	PROPN
ftr-476	941	2	.	.	PUNCT
ftr-476	941	3	80	80	NUM
ftr-476	941	4	-	-	SYM
ftr-476	941	5	235	235	NUM
ftr-476	941	6	,	,	PUNCT
ftr-476	941	7	1980	1980	NUM
ftr-476	941	8	-	-	SYM
ftr-476	941	9	2	2	NUM
ftr-476	941	10	c.b	c.b	PROPN
ftr-476	941	11	.	.	PROPN
ftr-476	941	12	229	229	NUM
ftr-476	941	13	;	;	PUNCT
ftr-476	941	14	bussing	buss	VERB
ftr-476	941	15	v.	v.	ADP
ftr-476	941	16	commissioner	commissioner	NOUN
ftr-476	941	17	,	,	PUNCT
ftr-476	941	18	88	88	NUM
ftr-476	941	19	t.c	t.c	PROPN
ftr-476	941	20	.	.	PROPN
ftr-476	941	21	449	449	NUM
ftr-476	941	22	,	,	PUNCT
ftr-476	941	23	supplemental	supplemental	ADJ
ftr-476	941	24	opinion	opinion	NOUN
ftr-476	941	25	,	,	PUNCT
ftr-476	941	26	89	89	NUM
ftr-476	941	27	t.c	t.c	PROPN
ftr-476	941	28	.	.	PROPN
ftr-476	941	29	1050	1050	NUM
ftr-476	941	30	(	(	PUNCT
ftr-476	941	31	1987	1987	NUM
ftr-476	941	32	)	)	PUNCT
ftr-476	941	33	;	;	PUNCT
ftr-476	941	34	oden	oden	PROPN
ftr-476	941	35	v.	v.	PROPN
ftr-476	941	36	commissioner	commissioner	PROPN
ftr-476	941	37	,	,	PUNCT
ftr-476	942	1	41	41	NUM
ftr-476	942	2	t.c	t.c	PROPN
ftr-476	942	3	.	.	PROPN
ftr-476	942	4	memo	memo	NOUN
ftr-476	942	5	(	(	PUNCT
ftr-476	942	6	cch	cch	PROPN
ftr-476	942	7	)	)	PUNCT
ftr-476	942	8	1285	1285	NUM
ftr-476	942	9	,	,	PUNCT
ftr-476	942	10	t.c	t.c	PROPN
ftr-476	942	11	.	.	PROPN
ftr-476	942	12	memo	memo	NOUN
ftr-476	942	13	(	(	PUNCT
ftr-476	942	14	p	p	NOUN
ftr-476	942	15	-	-	PUNCT
ftr-476	942	16	h	h	NOUN
ftr-476	942	17	)	)	PUNCT
ftr-476	942	18	81,184	81,184	NUM
ftr-476	942	19	(	(	PUNCT
ftr-476	942	20	1981	1981	NUM
ftr-476	942	21	)	)	PUNCT
ftr-476	942	22	.	.	PUNCT
ftr-476	943	1	aff'd	aff'd	NOUN
ftr-476	943	2	,	,	PUNCT
ftr-476	943	3	679	679	NUM
ftr-476	943	4	f.	f.	PROPN
ftr-476	943	5	2d	2d	PROPN
ftr-476	943	6	885	885	NUM
ftr-476	943	7	(	(	PUNCT
ftr-476	943	8	4th	4th	ADJ
ftr-476	943	9	cir	cir	NOUN
ftr-476	943	10	.	.	PROPN
ftr-476	943	11	1982	1982	NUM
ftr-476	943	12	)	)	PUNCT
ftr-476	943	13	.	.	PUNCT
ftr-476	944	1	19941	19941	NUM
ftr-476	944	2	florida	florida	PROPN
ftr-476	944	3	tax	tax	NOUN
ftr-476	944	4	review	review	NOUN
ftr-476	944	5	that	that	PRON
ftr-476	944	6	is	be	AUX
ftr-476	944	7	subject	subject	ADJ
ftr-476	944	8	to	to	ADP
ftr-476	944	9	debt	debt	NOUN
ftr-476	944	10	)	)	PUNCT
ftr-476	944	11	,	,	PUNCT
ftr-476	944	12	the	the	DET
ftr-476	944	13	partner	partner	NOUN
ftr-476	944	14	's	's	PART
ftr-476	944	15	obligation	obligation	NOUN
ftr-476	944	16	may	may	AUX
ftr-476	944	17	increase	increase	VERB
ftr-476	944	18	the	the	DET
ftr-476	944	19	basis	basis	NOUN
ftr-476	944	20	of	of	ADP
ftr-476	944	21	the	the	DET
ftr-476	944	22	partner	partner	NOUN
ftr-476	944	23	's	's	PART
ftr-476	944	24	partnership	partnership	NOUN
ftr-476	944	25	interest	interest	NOUN
ftr-476	944	26	basis	basis	NOUN
ftr-476	944	27	through	through	ADP
ftr-476	944	28	sections	section	NOUN
ftr-476	944	29	752(a	752(a	PROPN
ftr-476	944	30	)	)	PUNCT
ftr-476	944	31	and	and	CCONJ
ftr-476	944	32	722	722	NUM
ftr-476	944	33	.	.	PUNCT
ftr-476	945	1	assume	assume	VERB
ftr-476	945	2	one	one	NUM
ftr-476	945	3	of	of	ADP
ftr-476	945	4	several	several	ADJ
ftr-476	945	5	general	general	ADJ
ftr-476	945	6	partners	partner	NOUN
ftr-476	945	7	issues	issue	VERB
ftr-476	945	8	a	a	DET
ftr-476	945	9	note	note	NOUN
ftr-476	945	10	to	to	ADP
ftr-476	945	11	the	the	DET
ftr-476	945	12	partnership	partnership	NOUN
ftr-476	945	13	,	,	PUNCT
ftr-476	945	14	and	and	CCONJ
ftr-476	945	15	the	the	DET
ftr-476	945	16	partnership	partnership	NOUN
ftr-476	945	17	borrows	borrow	VERB
ftr-476	945	18	money	money	NOUN
ftr-476	945	19	from	from	ADP
ftr-476	945	20	an	an	DET
ftr-476	945	21	outside	outside	ADJ
ftr-476	945	22	creditor	creditor	NOUN
ftr-476	945	23	secured	secure	VERB
ftr-476	945	24	in	in	ADP
ftr-476	945	25	part	part	NOUN
ftr-476	945	26	by	by	ADP
ftr-476	945	27	a	a	DET
ftr-476	945	28	pledge	pledge	NOUN
ftr-476	945	29	of	of	ADP
ftr-476	945	30	the	the	DET
ftr-476	945	31	partner	partner	NOUN
ftr-476	945	32	's	's	PART
ftr-476	945	33	note	note	NOUN
ftr-476	945	34	.	.	PUNCT
ftr-476	946	1	to	to	ADP
ftr-476	946	2	the	the	DET
ftr-476	946	3	extent	extent	NOUN
ftr-476	946	4	of	of	ADP
ftr-476	946	5	the	the	DET
ftr-476	946	6	amount	amount	NOUN
ftr-476	946	7	of	of	ADP
ftr-476	946	8	the	the	DET
ftr-476	946	9	note	note	NOUN
ftr-476	946	10	,	,	PUNCT
ftr-476	946	11	the	the	DET
ftr-476	946	12	partner	partner	NOUN
ftr-476	946	13	shoulders	shoulder	VERB
ftr-476	946	14	the	the	DET
ftr-476	946	15	"	"	PUNCT
ftr-476	946	16	economic	economic	ADJ
ftr-476	946	17	risk	risk	NOUN
ftr-476	946	18	of	of	ADP
ftr-476	946	19	loss	loss	NOUN
ftr-476	946	20	"	"	PUNCT
ftr-476	946	21	with	with	ADP
ftr-476	946	22	respect	respect	NOUN
ftr-476	946	23	to	to	ADP
ftr-476	946	24	that	that	DET
ftr-476	946	25	outside	outside	ADJ
ftr-476	946	26	debt	debt	NOUN
ftr-476	946	27	because	because	SCONJ
ftr-476	946	28	the	the	DET
ftr-476	946	29	partner	partner	NOUN
ftr-476	946	30	may	may	AUX
ftr-476	946	31	be	be	AUX
ftr-476	946	32	required	require	VERB
ftr-476	946	33	to	to	PART
ftr-476	946	34	pay	pay	VERB
ftr-476	946	35	the	the	DET
ftr-476	946	36	note	note	NOUN
ftr-476	946	37	in	in	ADP
ftr-476	946	38	order	order	NOUN
ftr-476	946	39	to	to	PART
ftr-476	946	40	repay	repay	VERB
ftr-476	946	41	the	the	DET
ftr-476	946	42	loan	loan	NOUN
ftr-476	946	43	.	.	PUNCT
ftr-476	947	1	the	the	DET
ftr-476	947	2	partner	partner	NOUN
ftr-476	947	3	is	be	AUX
ftr-476	947	4	therefore	therefore	ADV
ftr-476	947	5	treated	treat	VERB
ftr-476	947	6	as	as	ADP
ftr-476	947	7	contributing	contribute	VERB
ftr-476	947	8	money	money	NOUN
ftr-476	947	9	to	to	ADP
ftr-476	947	10	the	the	DET
ftr-476	947	11	partnership	partnership	NOUN
ftr-476	947	12	in	in	ADP
ftr-476	947	13	that	that	DET
ftr-476	947	14	amount.152	amount.152	PROPN
ftr-476	947	15	in	in	ADP
ftr-476	947	16	contrast	contrast	NOUN
ftr-476	947	17	,	,	PUNCT
ftr-476	947	18	a	a	DET
ftr-476	947	19	partner	partner	NOUN
ftr-476	947	20	's	's	PART
ftr-476	947	21	issuance	issuance	NOUN
ftr-476	947	22	of	of	ADP
ftr-476	947	23	a	a	DET
ftr-476	947	24	note	note	NOUN
ftr-476	947	25	to	to	ADP
ftr-476	947	26	the	the	DET
ftr-476	947	27	partnership	partnership	NOUN
ftr-476	947	28	does	do	AUX
ftr-476	947	29	not	not	PART
ftr-476	947	30	increase	increase	VERB
ftr-476	947	31	the	the	DET
ftr-476	947	32	partner	partner	NOUN
ftr-476	947	33	's	's	PART
ftr-476	947	34	economic	economic	ADJ
ftr-476	947	35	risk	risk	NOUN
ftr-476	947	36	of	of	ADP
ftr-476	947	37	loss	loss	NOUN
ftr-476	947	38	if	if	SCONJ
ftr-476	947	39	no	no	DET
ftr-476	947	40	legal	legal	ADJ
ftr-476	947	41	arrangement	arrangement	NOUN
ftr-476	947	42	,	,	PUNCT
ftr-476	947	43	such	such	ADJ
ftr-476	947	44	as	as	ADP
ftr-476	947	45	a	a	DET
ftr-476	947	46	pledge	pledge	NOUN
ftr-476	947	47	to	to	ADP
ftr-476	947	48	an	an	DET
ftr-476	947	49	outside	outside	ADJ
ftr-476	947	50	creditor	creditor	NOUN
ftr-476	947	51	,	,	PUNCT
ftr-476	947	52	makes	make	VERB
ftr-476	947	53	the	the	DET
ftr-476	947	54	partner	partner	NOUN
ftr-476	947	55	ultimately	ultimately	ADV
ftr-476	947	56	liable	liable	ADJ
ftr-476	947	57	to	to	PART
ftr-476	947	58	pay	pay	VERB
ftr-476	947	59	the	the	DET
ftr-476	947	60	note	note	NOUN
ftr-476	947	61	without	without	ADP
ftr-476	947	62	right	right	NOUN
ftr-476	947	63	of	of	ADP
ftr-476	947	64	contribution	contribution	NOUN
ftr-476	947	65	from	from	ADP
ftr-476	947	66	other	other	ADJ
ftr-476	947	67	partners.153	partners.153	VERB
ftr-476	947	68	the	the	DET
ftr-476	947	69	example	example	NOUN
ftr-476	947	70	of	of	ADP
ftr-476	947	71	a	a	DET
ftr-476	947	72	partner	partner	NOUN
ftr-476	947	73	note	note	NOUN
ftr-476	947	74	pledged	pledge	VERB
ftr-476	947	75	to	to	PART
ftr-476	947	76	secure	secure	VERB
ftr-476	947	77	a	a	DET
ftr-476	947	78	partnership	partnership	NOUN
ftr-476	947	79	debt	debt	NOUN
ftr-476	947	80	might	might	AUX
ftr-476	947	81	appear	appear	VERB
ftr-476	947	82	to	to	PART
ftr-476	947	83	be	be	AUX
ftr-476	947	84	similar	similar	ADJ
ftr-476	947	85	to	to	ADP
ftr-476	947	86	the	the	DET
ftr-476	947	87	facts	fact	NOUN
ftr-476	947	88	of	of	ADP
ftr-476	947	89	the	the	DET
ftr-476	947	90	lessinger	lessinger	ADJ
ftr-476	947	91	case	case	NOUN
ftr-476	947	92	,	,	PUNCT
ftr-476	947	93	and	and	CCONJ
ftr-476	947	94	the	the	DET
ftr-476	947	95	basis	basis	NOUN
ftr-476	947	96	result	result	NOUN
ftr-476	947	97	might	might	AUX
ftr-476	947	98	appear	appear	VERB
ftr-476	947	99	to	to	PART
ftr-476	947	100	support	support	VERB
ftr-476	947	101	the	the	DET
ftr-476	947	102	second	second	ADJ
ftr-476	947	103	circuit	circuit	NOUN
ftr-476	947	104	's	's	PART
ftr-476	947	105	result	result	NOUN
ftr-476	947	106	.	.	PUNCT
ftr-476	948	1	in	in	ADP
ftr-476	948	2	the	the	DET
ftr-476	948	3	partnership	partnership	NOUN
ftr-476	948	4	example	example	NOUN
ftr-476	948	5	,	,	PUNCT
ftr-476	948	6	the	the	DET
ftr-476	948	7	partner	partner	NOUN
ftr-476	948	8	's	's	PART
ftr-476	948	9	obligation	obligation	NOUN
ftr-476	948	10	to	to	PART
ftr-476	948	11	pay	pay	VERB
ftr-476	948	12	the	the	DET
ftr-476	948	13	pledged	pledge	VERB
ftr-476	948	14	note	note	NOUN
ftr-476	948	15	is	be	AUX
ftr-476	948	16	not	not	PART
ftr-476	948	17	considered	consider	VERB
ftr-476	948	18	so	so	ADV
ftr-476	948	19	contingent	contingent	ADJ
ftr-476	948	20	as	as	SCONJ
ftr-476	948	21	to	to	PART
ftr-476	948	22	prevent	prevent	VERB
ftr-476	948	23	the	the	DET
ftr-476	948	24	acquisition	acquisition	NOUN
ftr-476	948	25	of	of	ADP
ftr-476	948	26	basis	basis	NOUN
ftr-476	948	27	,	,	PUNCT
ftr-476	948	28	despite	despite	SCONJ
ftr-476	948	29	the	the	DET
ftr-476	948	30	many	many	ADJ
ftr-476	948	31	and	and	CCONJ
ftr-476	948	32	very	very	ADV
ftr-476	948	33	real	real	ADJ
ftr-476	948	34	contingencies	contingency	NOUN
ftr-476	948	35	that	that	PRON
ftr-476	948	36	may	may	AUX
ftr-476	948	37	protect	protect	VERB
ftr-476	948	38	the	the	DET
ftr-476	948	39	partner	partner	NOUN
ftr-476	948	40	from	from	ADP
ftr-476	948	41	having	have	VERB
ftr-476	948	42	to	to	PART
ftr-476	948	43	come	come	VERB
ftr-476	948	44	out	out	ADP
ftr-476	948	45	of	of	ADP
ftr-476	948	46	pocket	pocket	NOUN
ftr-476	948	47	.	.	PUNCT
ftr-476	949	1	for	for	ADP
ftr-476	949	2	example	example	NOUN
ftr-476	949	3	,	,	PUNCT
ftr-476	949	4	the	the	DET
ftr-476	949	5	partnership	partnership	NOUN
ftr-476	949	6	might	might	AUX
ftr-476	949	7	pay	pay	VERB
ftr-476	949	8	its	its	PRON
ftr-476	949	9	debt	debt	NOUN
ftr-476	949	10	from	from	ADP
ftr-476	949	11	other	other	ADJ
ftr-476	949	12	funds	fund	NOUN
ftr-476	949	13	and	and	CCONJ
ftr-476	949	14	not	not	PART
ftr-476	949	15	demand	demand	VERB
ftr-476	949	16	payment	payment	NOUN
ftr-476	949	17	of	of	ADP
ftr-476	949	18	the	the	DET
ftr-476	949	19	partner	partner	NOUN
ftr-476	949	20	's	's	PART
ftr-476	949	21	note	note	NOUN
ftr-476	949	22	.	.	PUNCT
ftr-476	950	1	does	do	AUX
ftr-476	950	2	the	the	DET
ftr-476	950	3	partnership	partnership	NOUN
ftr-476	950	4	example	example	NOUN
ftr-476	950	5	therefore	therefore	ADV
ftr-476	950	6	prove	prove	VERB
ftr-476	950	7	that	that	SCONJ
ftr-476	950	8	the	the	DET
ftr-476	950	9	approach	approach	NOUN
ftr-476	950	10	suggested	suggest	VERB
ftr-476	950	11	above	above	ADV
ftr-476	950	12	for	for	ADP
ftr-476	950	13	section	section	NOUN
ftr-476	950	14	351	351	NUM
ftr-476	950	15	cases	case	NOUN
ftr-476	950	16	is	be	AUX
ftr-476	950	17	wrong	wrong	ADJ
ftr-476	950	18	?	?	PUNCT
ftr-476	951	1	it	it	PRON
ftr-476	951	2	does	do	VERB
ftr-476	951	3	not	not	PART
ftr-476	951	4	.	.	PUNCT
ftr-476	952	1	because	because	SCONJ
ftr-476	952	2	the	the	DET
ftr-476	952	3	partnership	partnership	NOUN
ftr-476	952	4	is	be	AUX
ftr-476	952	5	viewed	view	VERB
ftr-476	952	6	as	as	ADP
ftr-476	952	7	an	an	DET
ftr-476	952	8	aggregation	aggregation	NOUN
ftr-476	952	9	of	of	ADP
ftr-476	952	10	its	its	PRON
ftr-476	952	11	partners	partner	NOUN
ftr-476	952	12	for	for	ADP
ftr-476	952	13	many	many	ADJ
ftr-476	952	14	tax	tax	NOUN
ftr-476	952	15	purposes	purpose	NOUN
ftr-476	952	16	,	,	PUNCT
ftr-476	952	17	the	the	DET
ftr-476	952	18	partner	partner	NOUN
ftr-476	952	19	's	's	PART
ftr-476	952	20	obligation	obligation	NOUN
ftr-476	952	21	should	should	AUX
ftr-476	952	22	be	be	AUX
ftr-476	952	23	viewed	view	VERB
ftr-476	952	24	as	as	ADP
ftr-476	952	25	no	no	PRON
ftr-476	952	26	more	more	ADV
ftr-476	952	27	contingent	contingent	ADJ
ftr-476	952	28	than	than	SCONJ
ftr-476	952	29	is	be	AUX
ftr-476	952	30	,	,	PUNCT
ftr-476	952	31	for	for	ADP
ftr-476	952	32	example	example	NOUN
ftr-476	952	33	,	,	PUNCT
ftr-476	952	34	a	a	DET
ftr-476	952	35	property	property	NOUN
ftr-476	952	36	purchaser	purchaser	NOUN
ftr-476	952	37	's	's	PART
ftr-476	952	38	obligation	obligation	NOUN
ftr-476	952	39	to	to	PART
ftr-476	952	40	pay	pay	VERB
ftr-476	952	41	purchase	purchase	NOUN
ftr-476	952	42	money	money	NOUN
ftr-476	952	43	debt	debt	NOUN
ftr-476	952	44	.	.	PUNCT
ftr-476	953	1	that	that	SCONJ
ftr-476	953	2	the	the	DET
ftr-476	953	3	debt	debt	NOUN
ftr-476	953	4	may	may	AUX
ftr-476	953	5	be	be	AUX
ftr-476	953	6	repaid	repay	VERB
ftr-476	953	7	from	from	ADP
ftr-476	953	8	future	future	ADJ
ftr-476	953	9	income	income	NOUN
ftr-476	953	10	from	from	ADP
ftr-476	953	11	the	the	DET
ftr-476	953	12	property	property	NOUN
ftr-476	953	13	,	,	PUNCT
ftr-476	953	14	rather	rather	ADV
ftr-476	953	15	than	than	ADP
ftr-476	953	16	from	from	ADP
ftr-476	953	17	other	other	ADJ
ftr-476	953	18	funds	fund	NOUN
ftr-476	953	19	of	of	ADP
ftr-476	953	20	the	the	DET
ftr-476	953	21	purchaser	purchaser	NOUN
ftr-476	953	22	,	,	PUNCT
ftr-476	953	23	is	be	AUX
ftr-476	953	24	not	not	PART
ftr-476	953	25	relevant	relevant	ADJ
ftr-476	953	26	to	to	ADP
ftr-476	953	27	the	the	DET
ftr-476	953	28	basis	basis	NOUN
ftr-476	953	29	arising	arise	VERB
ftr-476	953	30	from	from	ADP
ftr-476	953	31	the	the	DET
ftr-476	953	32	purchase	purchase	NOUN
ftr-476	953	33	money	money	NOUN
ftr-476	953	34	obligation	obligation	NOUN
ftr-476	953	35	.	.	PUNCT
ftr-476	954	1	'54	'54	PROPN
ftr-476	954	2	similar152	similar152	PROPN
ftr-476	954	3	.	.	PUNCT
ftr-476	955	1	see	see	VERB
ftr-476	955	2	regs	reg	NOUN
ftr-476	955	3	.	.	PUNCT
ftr-476	956	1	§	§	PROPN
ftr-476	956	2	1.752	1.752	NUM
ftr-476	956	3	-	-	SYM
ftr-476	956	4	2	2	NUM
ftr-476	956	5	;	;	PUNCT
ftr-476	956	6	william	william	PROPN
ftr-476	956	7	s.	s.	PROPN
ftr-476	956	8	mckee	mckee	PROPN
ftr-476	956	9	,	,	PUNCT
ftr-476	956	10	et	et	PROPN
ftr-476	956	11	al	al	PROPN
ftr-476	956	12	.	.	PROPN
ftr-476	956	13	,	,	PUNCT
ftr-476	956	14	federal	federal	ADJ
ftr-476	956	15	taxation	taxation	NOUN
ftr-476	956	16	of	of	ADP
ftr-476	956	17	partnerships	partnership	NOUN
ftr-476	956	18	and	and	CCONJ
ftr-476	956	19	partners	partner	NOUN
ftr-476	956	20	8.03[6	8.03[6	NUM
ftr-476	956	21	]	]	X
ftr-476	956	22	ex	ex	NOUN
ftr-476	956	23	.	.	PROPN
ftr-476	956	24	10	10	NUM
ftr-476	956	25	(	(	PUNCT
ftr-476	956	26	2d	2d	NUM
ftr-476	956	27	ed	ed	NOUN
ftr-476	956	28	.	.	PROPN
ftr-476	956	29	1990	1990	NUM
ftr-476	956	30	)	)	PUNCT
ftr-476	957	1	;	;	PUNCT
ftr-476	957	2	see	see	VERB
ftr-476	957	3	also	also	ADV
ftr-476	957	4	regs	reg	VERB
ftr-476	957	5	.	.	PUNCT
ftr-476	958	1	§	§	PROPN
ftr-476	958	2	1.752	1.752	NUM
ftr-476	958	3	-	-	SYM
ftr-476	958	4	1(g	1(g	NUM
ftr-476	958	5	)	)	PUNCT
ftr-476	958	6	ex	ex	NOUN
ftr-476	958	7	.	.	PUNCT
ftr-476	959	1	(	(	PUNCT
ftr-476	959	2	where	where	SCONJ
ftr-476	959	3	partner	partner	NOUN
ftr-476	959	4	remains	remain	VERB
ftr-476	959	5	liable	liable	ADJ
ftr-476	959	6	on	on	ADP
ftr-476	959	7	recourse	recourse	VERB
ftr-476	959	8	debt	debt	NOUN
ftr-476	959	9	to	to	ADP
ftr-476	959	10	which	which	PRON
ftr-476	959	11	contributed	contribute	VERB
ftr-476	959	12	property	property	NOUN
ftr-476	959	13	is	be	AUX
ftr-476	959	14	subject	subject	ADJ
ftr-476	959	15	,	,	PUNCT
ftr-476	959	16	and	and	CCONJ
ftr-476	959	17	partnership	partnership	NOUN
ftr-476	959	18	does	do	AUX
ftr-476	959	19	not	not	PART
ftr-476	959	20	assume	assume	VERB
ftr-476	959	21	the	the	DET
ftr-476	959	22	debt	debt	NOUN
ftr-476	959	23	,	,	PUNCT
ftr-476	959	24	the	the	DET
ftr-476	959	25	debt	debt	NOUN
ftr-476	959	26	has	have	VERB
ftr-476	959	27	no	no	DET
ftr-476	959	28	impact	impact	NOUN
ftr-476	959	29	on	on	ADP
ftr-476	959	30	the	the	DET
ftr-476	959	31	partner	partner	NOUN
ftr-476	959	32	's	's	PART
ftr-476	959	33	basis	basis	NOUN
ftr-476	959	34	in	in	ADP
ftr-476	959	35	his	his	PRON
ftr-476	959	36	partnership	partnership	NOUN
ftr-476	959	37	interest	interest	NOUN
ftr-476	959	38	because	because	SCONJ
ftr-476	959	39	the	the	DET
ftr-476	959	40	subject	subject	NOUN
ftr-476	959	41	-	-	PUNCT
ftr-476	959	42	to	to	ADP
ftr-476	959	43	-	-	PUNCT
ftr-476	959	44	debt	debt	NOUN
ftr-476	959	45	is	be	AUX
ftr-476	959	46	offset	offset	VERB
ftr-476	959	47	by	by	ADP
ftr-476	959	48	the	the	DET
ftr-476	959	49	partner	partner	NOUN
ftr-476	959	50	's	's	PART
ftr-476	959	51	debt	debt	NOUN
ftr-476	959	52	assumption	assumption	NOUN
ftr-476	959	53	)	)	PUNCT
ftr-476	959	54	.	.	PUNCT
ftr-476	960	1	153	153	NUM
ftr-476	960	2	.	.	PUNCT
ftr-476	961	1	see	see	VERB
ftr-476	961	2	regs	reg	NOUN
ftr-476	961	3	.	.	PUNCT
ftr-476	962	1	§	§	PROPN
ftr-476	962	2	1.752	1.752	NUM
ftr-476	962	3	-	-	SYM
ftr-476	962	4	2(h)(2	2(h)(2	NUM
ftr-476	962	5	)	)	PUNCT
ftr-476	962	6	,	,	PUNCT
ftr-476	962	7	(	(	PUNCT
ftr-476	962	8	4	4	NUM
ftr-476	962	9	)	)	PUNCT
ftr-476	962	10	.	.	PUNCT
ftr-476	963	1	154	154	NUM
ftr-476	963	2	.	.	PUNCT
ftr-476	964	1	cf	cf	NOUN
ftr-476	964	2	.	.	PUNCT
ftr-476	965	1	pritchett	pritchett	PROPN
ftr-476	965	2	v.	v.	PROPN
ftr-476	965	3	commissioner	commissioner	PROPN
ftr-476	965	4	,	,	PUNCT
ftr-476	965	5	85	85	NUM
ftr-476	965	6	t.c	t.c	PROPN
ftr-476	965	7	.	.	PROPN
ftr-476	965	8	580	580	NUM
ftr-476	965	9	(	(	PUNCT
ftr-476	965	10	1985	1985	NUM
ftr-476	965	11	)	)	PUNCT
ftr-476	965	12	reviewed	review	VERB
ftr-476	965	13	,	,	PUNCT
ftr-476	965	14	rev'd	rev'd	VERB
ftr-476	965	15	in	in	ADP
ftr-476	965	16	part	part	NOUN
ftr-476	965	17	and	and	CCONJ
ftr-476	965	18	remanded	remand	VERB
ftr-476	965	19	in	in	ADP
ftr-476	965	20	part	part	NOUN
ftr-476	965	21	,	,	PUNCT
ftr-476	965	22	827	827	NUM
ftr-476	965	23	f.2d	f.2d	ADP
ftr-476	965	24	644	644	NUM
ftr-476	965	25	(	(	PUNCT
ftr-476	965	26	9th	9th	ADJ
ftr-476	965	27	cir	cir	NOUN
ftr-476	965	28	.	.	PROPN
ftr-476	965	29	1987	1987	NUM
ftr-476	965	30	)	)	PUNCT
ftr-476	966	1	(	(	PUNCT
ftr-476	966	2	the	the	DET
ftr-476	966	3	tax	tax	NOUN
ftr-476	966	4	court	court	NOUN
ftr-476	966	5	called	call	VERB
ftr-476	966	6	a	a	DET
ftr-476	966	7	limited	limited	ADJ
ftr-476	966	8	partner	partner	NOUN
ftr-476	966	9	's	's	PART
ftr-476	966	10	obligation	obligation	NOUN
ftr-476	966	11	to	to	PART
ftr-476	966	12	make	make	VERB
ftr-476	966	13	an	an	DET
ftr-476	966	14	additional	additional	ADJ
ftr-476	966	15	capital	capital	NOUN
ftr-476	966	16	contribution	contribution	NOUN
ftr-476	966	17	"	"	PUNCT
ftr-476	966	18	contingent	contingent	NOUN
ftr-476	966	19	"	"	PUNCT
ftr-476	966	20	for	for	ADP
ftr-476	966	21	purposes	purpose	NOUN
ftr-476	966	22	of	of	ADP
ftr-476	966	23	determining	determine	VERB
ftr-476	966	24	the	the	DET
ftr-476	966	25	partner	partner	NOUN
ftr-476	966	26	's	's	PART
ftr-476	966	27	amount	amount	NOUN
ftr-476	966	28	"	"	PUNCT
ftr-476	966	29	at	at	ADP
ftr-476	966	30	risk	risk	NOUN
ftr-476	966	31	"	"	PUNCT
ftr-476	966	32	because	because	SCONJ
ftr-476	966	33	the	the	DET
ftr-476	966	34	use	use	NOUN
ftr-476	966	35	of	of	ADP
ftr-476	966	36	partnership	partnership	NOUN
ftr-476	966	37	income	income	NOUN
ftr-476	966	38	to	to	PART
ftr-476	966	39	pay	pay	VERB
ftr-476	966	40	partnership	partnership	NOUN
ftr-476	966	41	debt	debt	NOUN
ftr-476	966	42	might	might	AUX
ftr-476	966	43	preclude	preclude	VERB
ftr-476	966	44	a	a	DET
ftr-476	966	45	capital	capital	NOUN
ftr-476	966	46	call	call	NOUN
ftr-476	966	47	)	)	PUNCT
ftr-476	966	48	.	.	PUNCT
ftr-476	967	1	the	the	DET
ftr-476	967	2	tax	tax	NOUN
ftr-476	967	3	court	court	NOUN
ftr-476	967	4	has	have	AUX
ftr-476	967	5	retreated	retreat	VERB
ftr-476	967	6	from	from	ADP
ftr-476	967	7	its	its	PRON
ftr-476	967	8	position	position	NOUN
ftr-476	967	9	in	in	ADP
ftr-476	967	10	pritchett	pritchett	PROPN
ftr-476	967	11	.	.	PUNCT
ftr-476	968	1	see	see	VERB
ftr-476	968	2	bennion	bennion	NOUN
ftr-476	968	3	v.	v.	PROPN
ftr-476	968	4	commissioner	commissioner	PROPN
ftr-476	968	5	,	,	PUNCT
ftr-476	968	6	88	88	NUM
ftr-476	968	7	t.c	t.c	PROPN
ftr-476	968	8	.	.	PROPN
ftr-476	968	9	684	684	NUM
ftr-476	968	10	(	(	PUNCT
ftr-476	968	11	1987	1987	NUM
ftr-476	968	12	)	)	PUNCT
ftr-476	968	13	;	;	PUNCT
ftr-476	969	1	melvin	melvin	PROPN
ftr-476	969	2	v.	v.	PROPN
ftr-476	969	3	commissioner	commissioner	PROPN
ftr-476	969	4	,	,	PUNCT
ftr-476	969	5	88	88	NUM
ftr-476	969	6	t.c	t.c	PROPN
ftr-476	969	7	.	.	PROPN
ftr-476	969	8	63	63	NUM
ftr-476	969	9	(	(	PUNCT
ftr-476	969	10	1987	1987	NUM
ftr-476	969	11	)	)	PUNCT
ftr-476	969	12	;	;	PUNCT
ftr-476	969	13	gefen	gefen	NOUN
ftr-476	969	14	v.	v.	PROPN
ftr-476	969	15	commissioner	commissioner	NOUN
ftr-476	969	16	,	,	PUNCT
ftr-476	969	17	87	87	NUM
ftr-476	969	18	t.c	t.c	PROPN
ftr-476	969	19	.	.	PROPN
ftr-476	969	20	1471	1471	NUM
ftr-476	969	21	(	(	PUNCT
ftr-476	969	22	1986	1986	NUM
ftr-476	969	23	)	)	PUNCT
ftr-476	969	24	.	.	PUNCT
ftr-476	970	1	commentators	commentator	NOUN
ftr-476	970	2	have	have	AUX
ftr-476	970	3	noted	note	VERB
ftr-476	970	4	that	that	SCONJ
ftr-476	970	5	no	no	DET
ftr-476	970	6	partner	partner	NOUN
ftr-476	970	7	could	could	AUX
ftr-476	970	8	be	be	AUX
ftr-476	970	9	at	at	ADP
ftr-476	970	10	risk	risk	NOUN
ftr-476	970	11	with	with	ADP
ftr-476	970	12	respect	respect	NOUN
ftr-476	970	13	to	to	ADP
ftr-476	970	14	partnership	partnership	NOUN
ftr-476	970	15	recourse	recourse	NOUN
ftr-476	970	16	liability	liability	NOUN
ftr-476	970	17	if	if	SCONJ
ftr-476	970	18	the	the	DET
ftr-476	970	19	pritchett	pritchett	PROPN
ftr-476	970	20	decision	decision	NOUN
ftr-476	970	21	's	's	PART
ftr-476	970	22	reasoning	reasoning	NOUN
ftr-476	970	23	is	be	AUX
ftr-476	970	24	correct	correct	ADJ
ftr-476	970	25	.	.	PUNCT
ftr-476	971	1	mckee	mckee	PROPN
ftr-476	971	2	,	,	PUNCT
ftr-476	971	3	et	et	PROPN
ftr-476	971	4	al	al	PROPN
ftr-476	971	5	.	.	PROPN
ftr-476	971	6	,	,	PUNCT
ftr-476	971	7	supra	supra	PROPN
ftr-476	971	8	note	note	PROPN
ftr-476	971	9	153	153	NUM
ftr-476	971	10	,	,	PUNCT
ftr-476	971	11	at	at	ADP
ftr-476	971	12	10.06[2][b	10.06[2][b	PROPN
ftr-476	971	13	]	]	PUNCT
ftr-476	971	14	.	.	PUNCT
ftr-476	972	1	nvot	nvot	NOUN
ftr-476	972	2	.	.	PUNCT
ftr-476	973	1	2:5	2:5	NUM
ftr-476	973	2	zero	zero	NUM
ftr-476	973	3	basis	basis	NOUN
ftr-476	973	4	hoar	hoar	NOUN
ftr-476	973	5	ly	ly	NOUN
ftr-476	973	6	,	,	PUNCT
ftr-476	973	7	in	in	ADP
ftr-476	973	8	the	the	DET
ftr-476	973	9	partnership	partnership	NOUN
ftr-476	973	10	example	example	NOUN
ftr-476	973	11	,	,	PUNCT
ftr-476	973	12	that	that	DET
ftr-476	973	13	partnership	partnership	NOUN
ftr-476	973	14	debt	debt	NOUN
ftr-476	973	15	may	may	AUX
ftr-476	973	16	be	be	AUX
ftr-476	973	17	paid	pay	VERB
ftr-476	973	18	from	from	ADP
ftr-476	973	19	partnership	partnership	NOUN
ftr-476	973	20	income	income	NOUN
ftr-476	973	21	,	,	PUNCT
ftr-476	973	22	rather	rather	ADV
ftr-476	973	23	than	than	ADP
ftr-476	973	24	by	by	ADP
ftr-476	973	25	enforcing	enforce	VERB
ftr-476	973	26	the	the	DET
ftr-476	973	27	contributing	contribute	VERB
ftr-476	973	28	partner	partner	NOUN
ftr-476	973	29	's	's	PART
ftr-476	973	30	note	note	NOUN
ftr-476	973	31	,	,	PUNCT
ftr-476	973	32	does	do	AUX
ftr-476	973	33	not	not	PART
ftr-476	973	34	preclude	preclude	VERB
ftr-476	973	35	the	the	DET
ftr-476	973	36	issuance	issuance	NOUN
ftr-476	973	37	of	of	ADP
ftr-476	973	38	the	the	DET
ftr-476	973	39	note	note	NOUN
ftr-476	973	40	from	from	ADP
ftr-476	973	41	creating	create	VERB
ftr-476	973	42	basis	basis	NOUN
ftr-476	973	43	.	.	PUNCT
ftr-476	974	1	a	a	DET
ftr-476	974	2	corporation	corporation	NOUN
ftr-476	974	3	,	,	PUNCT
ftr-476	974	4	in	in	ADP
ftr-476	974	5	contrast	contrast	NOUN
ftr-476	974	6	,	,	PUNCT
ftr-476	974	7	is	be	AUX
ftr-476	974	8	not	not	PART
ftr-476	974	9	an	an	DET
ftr-476	974	10	aggregate	aggregate	NOUN
ftr-476	974	11	of	of	ADP
ftr-476	974	12	its	its	PRON
ftr-476	974	13	shareholders	shareholder	NOUN
ftr-476	974	14	for	for	ADP
ftr-476	974	15	tax	tax	NOUN
ftr-476	974	16	purposes	purpose	NOUN
ftr-476	974	17	.	.	PUNCT
ftr-476	975	1	corporate	corporate	ADJ
ftr-476	975	2	debt	debt	NOUN
ftr-476	975	3	is	be	AUX
ftr-476	975	4	not	not	PART
ftr-476	975	5	the	the	DET
ftr-476	975	6	debt	debt	NOUN
ftr-476	975	7	of	of	ADP
ftr-476	975	8	shareholders	shareholder	NOUN
ftr-476	975	9	,	,	PUNCT
ftr-476	975	10	much	much	ADJ
ftr-476	975	11	to	to	ADP
ftr-476	975	12	the	the	DET
ftr-476	975	13	relief	relief	NOUN
ftr-476	975	14	of	of	ADP
ftr-476	975	15	shareholders	shareholder	NOUN
ftr-476	975	16	.	.	PUNCT
ftr-476	976	1	furthermore	furthermore	ADV
ftr-476	976	2	,	,	PUNCT
ftr-476	976	3	there	there	PRON
ftr-476	976	4	is	be	VERB
ftr-476	976	5	no	no	DET
ftr-476	976	6	mechanism	mechanism	NOUN
ftr-476	976	7	by	by	ADP
ftr-476	976	8	which	which	PRON
ftr-476	976	9	a	a	DET
ftr-476	976	10	shareholder	shareholder	NOUN
ftr-476	976	11	's	's	PART
ftr-476	976	12	obligation	obligation	NOUN
ftr-476	976	13	to	to	ADP
ftr-476	976	14	the	the	DET
ftr-476	976	15	corporation	corporation	NOUN
ftr-476	976	16	could	could	AUX
ftr-476	976	17	produce	produce	VERB
ftr-476	976	18	a	a	DET
ftr-476	976	19	fluctuating	fluctuate	VERB
ftr-476	976	20	basis	basis	NOUN
ftr-476	976	21	in	in	ADP
ftr-476	976	22	the	the	DET
ftr-476	976	23	stock	stock	NOUN
ftr-476	976	24	as	as	SCONJ
ftr-476	976	25	can	can	AUX
ftr-476	976	26	occur	occur	VERB
ftr-476	976	27	under	under	ADP
ftr-476	976	28	the	the	DET
ftr-476	976	29	partnership	partnership	NOUN
ftr-476	976	30	basis	basis	NOUN
ftr-476	976	31	rules	rule	NOUN
ftr-476	976	32	of	of	ADP
ftr-476	976	33	section	section	NOUN
ftr-476	976	34	752	752	NUM
ftr-476	976	35	,	,	PUNCT
ftr-476	976	36	which	which	PRON
ftr-476	976	37	can	can	AUX
ftr-476	976	38	result	result	VERB
ftr-476	976	39	in	in	ADP
ftr-476	976	40	continuous	continuous	ADJ
ftr-476	976	41	adjustment	adjustment	NOUN
ftr-476	976	42	of	of	ADP
ftr-476	976	43	outside	outside	ADJ
ftr-476	976	44	basis	basis	NOUN
ftr-476	976	45	as	as	ADP
ftr-476	976	46	inside	inside	ADP
ftr-476	976	47	partnership	partnership	NOUN
ftr-476	976	48	debt	debt	NOUN
ftr-476	976	49	fluctuates	fluctuate	NOUN
ftr-476	976	50	.	.	PUNCT
ftr-476	977	1	the	the	DET
ftr-476	977	2	insulation	insulation	NOUN
ftr-476	977	3	of	of	ADP
ftr-476	977	4	shareholders	shareholder	NOUN
ftr-476	977	5	from	from	ADP
ftr-476	977	6	liability	liability	NOUN
ftr-476	977	7	on	on	ADP
ftr-476	977	8	corporate	corporate	ADJ
ftr-476	977	9	debt	debt	NOUN
ftr-476	977	10	is	be	AUX
ftr-476	977	11	modified	modify	VERB
ftr-476	977	12	by	by	ADP
ftr-476	977	13	a	a	DET
ftr-476	977	14	special	special	ADJ
ftr-476	977	15	contractual	contractual	ADJ
ftr-476	977	16	arrangement	arrangement	NOUN
ftr-476	977	17	whereby	whereby	SCONJ
ftr-476	977	18	a	a	DET
ftr-476	977	19	shareholder	shareholder	NOUN
ftr-476	977	20	retains	retain	VERB
ftr-476	977	21	liability	liability	NOUN
ftr-476	977	22	on	on	ADP
ftr-476	977	23	debt	debt	NOUN
ftr-476	977	24	that	that	PRON
ftr-476	977	25	otherwise	otherwise	ADV
ftr-476	977	26	would	would	AUX
ftr-476	977	27	have	have	AUX
ftr-476	977	28	become	become	VERB
ftr-476	977	29	corporate	corporate	ADJ
ftr-476	977	30	debt	debt	NOUN
ftr-476	977	31	.	.	PUNCT
ftr-476	978	1	these	these	DET
ftr-476	978	2	arrangements	arrangement	NOUN
ftr-476	978	3	that	that	SCONJ
ftr-476	978	4	future	future	ADJ
ftr-476	978	5	sol	sol	NOUN
ftr-476	978	6	lessingers	lessinger	NOUN
ftr-476	978	7	might	might	AUX
ftr-476	978	8	make	make	VERB
ftr-476	978	9	were	be	AUX
ftr-476	978	10	discussed	discuss	VERB
ftr-476	978	11	in	in	ADP
ftr-476	978	12	part	part	NOUN
ftr-476	978	13	iv	iv	ADP
ftr-476	978	14	above	above	ADV
ftr-476	978	15	.	.	PUNCT
ftr-476	979	1	absent	absent	ADJ
ftr-476	979	2	such	such	DET
ftr-476	979	3	an	an	DET
ftr-476	979	4	arrangement	arrangement	NOUN
ftr-476	979	5	,	,	PUNCT
ftr-476	979	6	the	the	DET
ftr-476	979	7	section	section	NOUN
ftr-476	979	8	351	351	NUM
ftr-476	979	9	transferor	transferor	NOUN
ftr-476	979	10	is	be	AUX
ftr-476	979	11	in	in	ADP
ftr-476	979	12	the	the	DET
ftr-476	979	13	same	same	ADJ
ftr-476	979	14	posture	posture	NOUN
ftr-476	979	15	as	as	ADP
ftr-476	979	16	the	the	DET
ftr-476	979	17	partner	partner	NOUN
ftr-476	979	18	who	who	PRON
ftr-476	979	19	issues	issue	VERB
ftr-476	979	20	a	a	DET
ftr-476	979	21	note	note	NOUN
ftr-476	979	22	to	to	ADP
ftr-476	979	23	a	a	DET
ftr-476	979	24	partnership	partnership	NOUN
ftr-476	979	25	that	that	PRON
ftr-476	979	26	owes	owe	VERB
ftr-476	979	27	no	no	DET
ftr-476	979	28	outside	outside	ADJ
ftr-476	979	29	debt	debt	NOUN
ftr-476	979	30	with	with	ADP
ftr-476	979	31	respect	respect	NOUN
ftr-476	979	32	to	to	ADP
ftr-476	979	33	which	which	PRON
ftr-476	979	34	the	the	DET
ftr-476	979	35	partner	partner	NOUN
ftr-476	979	36	has	have	VERB
ftr-476	979	37	the	the	DET
ftr-476	979	38	economic	economic	ADJ
ftr-476	979	39	risk	risk	NOUN
ftr-476	979	40	of	of	ADP
ftr-476	979	41	loss	loss	NOUN
ftr-476	979	42	.	.	PUNCT
ftr-476	980	1	in	in	ADP
ftr-476	980	2	both	both	DET
ftr-476	980	3	cases	case	NOUN
ftr-476	980	4	,	,	PUNCT
ftr-476	980	5	the	the	DET
ftr-476	980	6	obligation	obligation	NOUN
ftr-476	980	7	should	should	AUX
ftr-476	980	8	be	be	AUX
ftr-476	980	9	viewed	view	VERB
ftr-476	980	10	as	as	ADP
ftr-476	980	11	contingent	contingent	ADJ
ftr-476	980	12	if	if	SCONJ
ftr-476	980	13	it	it	PRON
ftr-476	980	14	is	be	AUX
ftr-476	980	15	not	not	PART
ftr-476	980	16	to	to	PART
ftr-476	980	17	give	give	VERB
ftr-476	980	18	rise	rise	NOUN
ftr-476	980	19	to	to	ADP
ftr-476	980	20	basis	basis	NOUN
ftr-476	980	21	.	.	PUNCT
ftr-476	981	1	in	in	ADP
ftr-476	981	2	one	one	NUM
ftr-476	981	3	sense	sense	NOUN
ftr-476	981	4	,	,	PUNCT
ftr-476	981	5	this	this	DET
ftr-476	981	6	contingency	contingency	NOUN
ftr-476	981	7	is	be	AUX
ftr-476	981	8	more	more	ADV
ftr-476	981	9	easily	easily	ADV
ftr-476	981	10	presumed	presume	VERB
ftr-476	981	11	in	in	ADP
ftr-476	981	12	the	the	DET
ftr-476	981	13	controlling	control	VERB
ftr-476	981	14	shareholder	shareholder	NOUN
ftr-476	981	15	case	case	NOUN
ftr-476	981	16	than	than	ADP
ftr-476	981	17	in	in	ADP
ftr-476	981	18	the	the	DET
ftr-476	981	19	partnership	partnership	NOUN
ftr-476	981	20	case	case	NOUN
ftr-476	981	21	because	because	SCONJ
ftr-476	981	22	,	,	PUNCT
ftr-476	981	23	under	under	ADP
ftr-476	981	24	section	section	NOUN
ftr-476	981	25	721	721	NUM
ftr-476	981	26	,	,	PUNCT
ftr-476	981	27	a	a	DET
ftr-476	981	28	control	control	NOUN
ftr-476	981	29	relationship	relationship	NOUN
ftr-476	981	30	is	be	AUX
ftr-476	981	31	not	not	PART
ftr-476	981	32	a	a	DET
ftr-476	981	33	condition	condition	NOUN
ftr-476	981	34	of	of	ADP
ftr-476	981	35	nonrecognition	nonrecognition	NOUN
ftr-476	981	36	for	for	ADP
ftr-476	981	37	a	a	DET
ftr-476	981	38	transfer	transfer	NOUN
ftr-476	981	39	of	of	ADP
ftr-476	981	40	property	property	NOUN
ftr-476	981	41	by	by	ADP
ftr-476	981	42	a	a	DET
ftr-476	981	43	partner	partner	NOUN
ftr-476	981	44	in	in	ADP
ftr-476	981	45	exchange	exchange	NOUN
ftr-476	981	46	for	for	ADP
ftr-476	981	47	a	a	DET
ftr-476	981	48	partnership	partnership	NOUN
ftr-476	981	49	interest	interest	NOUN
ftr-476	981	50	.	.	PUNCT
ftr-476	982	1	on	on	ADP
ftr-476	982	2	the	the	DET
ftr-476	982	3	other	other	ADJ
ftr-476	982	4	hand	hand	NOUN
ftr-476	982	5	,	,	PUNCT
ftr-476	982	6	a	a	DET
ftr-476	982	7	partner	partner	NOUN
ftr-476	982	8	can	can	AUX
ftr-476	982	9	obtain	obtain	VERB
ftr-476	982	10	basis	basis	NOUN
ftr-476	982	11	in	in	ADP
ftr-476	982	12	his	his	PRON
ftr-476	982	13	partnership	partnership	NOUN
ftr-476	982	14	interest	interest	NOUN
ftr-476	982	15	by	by	ADP
ftr-476	982	16	indirect	indirect	ADJ
ftr-476	982	17	liability	liability	NOUN
ftr-476	982	18	for	for	ADP
ftr-476	982	19	partnership	partnership	NOUN
ftr-476	982	20	debt	debt	NOUN
ftr-476	982	21	to	to	ADP
ftr-476	982	22	outsiders	outsider	NOUN
ftr-476	982	23	who	who	PRON
ftr-476	982	24	can	can	AUX
ftr-476	982	25	be	be	AUX
ftr-476	982	26	expected	expect	VERB
ftr-476	982	27	to	to	PART
ftr-476	982	28	enforce	enforce	VERB
ftr-476	982	29	their	their	PRON
ftr-476	982	30	rights	right	NOUN
ftr-476	982	31	as	as	ADP
ftr-476	982	32	arms	arm	NOUN
ftr-476	982	33	length	length	NOUN
ftr-476	982	34	creditors	creditor	NOUN
ftr-476	982	35	;	;	PUNCT
ftr-476	982	36	where	where	SCONJ
ftr-476	982	37	such	such	ADJ
ftr-476	982	38	creditors	creditor	NOUN
ftr-476	982	39	and	and	CCONJ
ftr-476	982	40	such	such	ADJ
ftr-476	982	41	liability	liability	NOUN
ftr-476	982	42	are	be	AUX
ftr-476	982	43	absent	absent	ADJ
ftr-476	982	44	,	,	PUNCT
ftr-476	982	45	why	why	SCONJ
ftr-476	982	46	should	should	AUX
ftr-476	982	47	the	the	DET
ftr-476	982	48	partnership	partnership	NOUN
ftr-476	982	49	be	be	AUX
ftr-476	982	50	expected	expect	VERB
ftr-476	982	51	to	to	PART
ftr-476	982	52	enforce	enforce	VERB
ftr-476	982	53	a	a	DET
ftr-476	982	54	partner	partner	NOUN
ftr-476	982	55	's	's	PART
ftr-476	982	56	contribution	contribution	NOUN
ftr-476	982	57	of	of	ADP
ftr-476	982	58	his	his	PRON
ftr-476	982	59	obligation	obligation	NOUN
ftr-476	982	60	?	?	PUNCT
ftr-476	983	1	in	in	ADP
ftr-476	983	2	such	such	ADJ
ftr-476	983	3	case	case	NOUN
ftr-476	983	4	,	,	PUNCT
ftr-476	983	5	the	the	DET
ftr-476	983	6	partner	partner	NOUN
ftr-476	983	7	's	's	PART
ftr-476	983	8	obligation	obligation	NOUN
ftr-476	983	9	also	also	ADV
ftr-476	983	10	may	may	AUX
ftr-476	983	11	properly	properly	ADV
ftr-476	983	12	be	be	AUX
ftr-476	983	13	presumed	presume	VERB
ftr-476	983	14	to	to	PART
ftr-476	983	15	be	be	AUX
ftr-476	983	16	contingent	contingent	ADJ
ftr-476	983	17	.	.	PUNCT
ftr-476	984	1	vi	vi	X
ftr-476	984	2	.	.	NOUN
ftr-476	984	3	legislative	legislative	ADJ
ftr-476	984	4	or	or	CCONJ
ftr-476	984	5	administrative	administrative	ADJ
ftr-476	984	6	solutions	solution	NOUN
ftr-476	984	7	?	?	PUNCT
ftr-476	985	1	a	a	DET
ftr-476	985	2	legislative	legislative	ADJ
ftr-476	985	3	solution	solution	NOUN
ftr-476	985	4	for	for	ADP
ftr-476	985	5	the	the	DET
ftr-476	985	6	lessinger	lessinger	ADJ
ftr-476	985	7	problem	problem	NOUN
ftr-476	985	8	could	could	AUX
ftr-476	985	9	be	be	AUX
ftr-476	985	10	pursued	pursue	VERB
ftr-476	985	11	,	,	PUNCT
ftr-476	985	12	but	but	CCONJ
ftr-476	985	13	it	it	PRON
ftr-476	985	14	does	do	AUX
ftr-476	985	15	not	not	PART
ftr-476	985	16	seem	seem	VERB
ftr-476	985	17	nearly	nearly	ADV
ftr-476	985	18	as	as	ADV
ftr-476	985	19	necessary	necessary	ADJ
ftr-476	985	20	as	as	SCONJ
ftr-476	985	21	was	be	AUX
ftr-476	985	22	the	the	DET
ftr-476	985	23	enactment	enactment	NOUN
ftr-476	985	24	of	of	ADP
ftr-476	985	25	section	section	NOUN
ftr-476	985	26	357(c)(3	357(c)(3	NUM
ftr-476	985	27	)	)	PUNCT
ftr-476	985	28	.	.	PUNCT
ftr-476	986	1	before	before	ADP
ftr-476	986	2	its	its	PRON
ftr-476	986	3	enactment	enactment	NOUN
ftr-476	986	4	in	in	ADP
ftr-476	986	5	1978	1978	NUM
ftr-476	986	6	,	,	PUNCT
ftr-476	986	7	in	in	ADP
ftr-476	986	8	many	many	ADJ
ftr-476	986	9	incorporations	incorporation	NOUN
ftr-476	986	10	of	of	ADP
ftr-476	986	11	cash	cash	NOUN
ftr-476	986	12	method	method	NOUN
ftr-476	986	13	businesses	business	NOUN
ftr-476	986	14	,	,	PUNCT
ftr-476	986	15	the	the	DET
ftr-476	986	16	transferors	transferor	NOUN
ftr-476	986	17	of	of	ADP
ftr-476	986	18	zero	zero	NUM
ftr-476	986	19	basis	basis	NOUN
ftr-476	986	20	accounts	account	NOUN
ftr-476	986	21	receivables	receivable	NOUN
ftr-476	986	22	were	be	AUX
ftr-476	986	23	surprised	surprised	ADJ
ftr-476	986	24	to	to	PART
ftr-476	986	25	find	find	VERB
ftr-476	986	26	themselves	themselves	PRON
ftr-476	986	27	taxed	tax	VERB
ftr-476	986	28	under	under	ADP
ftr-476	986	29	section	section	NOUN
ftr-476	986	30	357(c	357(c	PROPN
ftr-476	986	31	)	)	PUNCT
ftr-476	986	32	because	because	SCONJ
ftr-476	986	33	their	their	PRON
ftr-476	986	34	corporations	corporation	NOUN
ftr-476	986	35	had	have	AUX
ftr-476	986	36	assumed	assume	VERB
ftr-476	986	37	liabilities	liability	NOUN
ftr-476	986	38	in	in	ADP
ftr-476	986	39	excess	excess	NOUN
ftr-476	986	40	of	of	ADP
ftr-476	986	41	the	the	DET
ftr-476	986	42	basis	basis	NOUN
ftr-476	986	43	of	of	ADP
ftr-476	986	44	the	the	DET
ftr-476	986	45	property	property	NOUN
ftr-476	986	46	transferred	transfer	VERB
ftr-476	986	47	.	.	PUNCT
ftr-476	987	1	courts	court	NOUN
ftr-476	987	2	devised	devise	VERB
ftr-476	987	3	various	various	ADJ
ftr-476	987	4	remedies	remedy	NOUN
ftr-476	987	5	for	for	ADP
ftr-476	987	6	this	this	DET
ftr-476	987	7	"	"	PUNCT
ftr-476	987	8	trap	trap	NOUN
ftr-476	987	9	for	for	ADP
ftr-476	987	10	the	the	DET
ftr-476	987	11	unwary	unwary	ADJ
ftr-476	987	12	,	,	PUNCT
ftr-476	987	13	"	"	PUNCT
ftr-476	987	14	19941	19941	NUM
ftr-476	987	15	florida	florida	PROPN
ftr-476	987	16	tax	tax	NOUN
ftr-476	987	17	review	review	NOUN
ftr-476	987	18	but	but	CCONJ
ftr-476	987	19	a	a	DET
ftr-476	987	20	legislative	legislative	ADJ
ftr-476	987	21	solution	solution	NOUN
ftr-476	987	22	was	be	AUX
ftr-476	987	23	desirable	desirable	ADJ
ftr-476	987	24	,	,	PUNCT
ftr-476	987	25	given	give	VERB
ftr-476	987	26	the	the	DET
ftr-476	987	27	volume	volume	NOUN
ftr-476	987	28	of	of	ADP
ftr-476	987	29	cases	case	NOUN
ftr-476	987	30	in	in	ADP
ftr-476	987	31	which	which	PRON
ftr-476	987	32	the	the	DET
ftr-476	987	33	trap	trap	NOUN
ftr-476	987	34	could	could	AUX
ftr-476	987	35	be	be	AUX
ftr-476	987	36	sprung	spring	VERB
ftr-476	987	37	and	and	CCONJ
ftr-476	987	38	the	the	DET
ftr-476	987	39	uncertainty	uncertainty	NOUN
ftr-476	987	40	of	of	ADP
ftr-476	987	41	the	the	DET
ftr-476	987	42	judicial	judicial	ADJ
ftr-476	987	43	remedies	remedy	NOUN
ftr-476	987	44	.	.	PUNCT
ftr-476	988	1	'55	'55	NUM
ftr-476	989	1	the	the	DET
ftr-476	989	2	lessinger	lessinger	ADJ
ftr-476	989	3	problem	problem	NOUN
ftr-476	989	4	seems	seem	VERB
ftr-476	989	5	both	both	PRON
ftr-476	989	6	less	less	ADV
ftr-476	989	7	common	common	ADJ
ftr-476	989	8	and	and	CCONJ
ftr-476	989	9	less	less	ADJ
ftr-476	989	10	of	of	ADP
ftr-476	989	11	a	a	DET
ftr-476	989	12	trap	trap	NOUN
ftr-476	989	13	than	than	ADP
ftr-476	989	14	the	the	DET
ftr-476	989	15	problem	problem	NOUN
ftr-476	989	16	of	of	ADP
ftr-476	989	17	incorporating	incorporate	VERB
ftr-476	989	18	zero	zero	NUM
ftr-476	989	19	basis	basis	NOUN
ftr-476	989	20	receivables	receivables	NOUN
ftr-476	989	21	.	.	PUNCT
ftr-476	990	1	the	the	DET
ftr-476	990	2	problem	problem	NOUN
ftr-476	990	3	arises	arise	VERB
ftr-476	990	4	only	only	ADV
ftr-476	990	5	where	where	SCONJ
ftr-476	990	6	the	the	DET
ftr-476	990	7	transferor	transferor	NOUN
ftr-476	990	8	has	have	AUX
ftr-476	990	9	enjoyed	enjoy	VERB
ftr-476	990	10	a	a	DET
ftr-476	990	11	benefit	benefit	NOUN
ftr-476	990	12	of	of	ADP
ftr-476	990	13	the	the	DET
ftr-476	990	14	type	type	NOUN
ftr-476	990	15	section	section	NOUN
ftr-476	990	16	357(c	357(c	PROPN
ftr-476	990	17	)	)	PUNCT
ftr-476	990	18	is	be	AUX
ftr-476	990	19	intended	intend	VERB
ftr-476	990	20	to	to	PART
ftr-476	990	21	recapture	recapture	VERB
ftr-476	990	22	-	-	PUNCT
ftr-476	990	23	a	a	DET
ftr-476	990	24	prior	prior	ADJ
ftr-476	990	25	borrowing	borrowing	NOUN
ftr-476	990	26	against	against	ADP
ftr-476	990	27	the	the	DET
ftr-476	990	28	transferred	transfer	VERB
ftr-476	990	29	property	property	NOUN
ftr-476	990	30	in	in	ADP
ftr-476	990	31	an	an	DET
ftr-476	990	32	amount	amount	NOUN
ftr-476	990	33	exceeding	exceed	VERB
ftr-476	990	34	the	the	DET
ftr-476	990	35	property	property	NOUN
ftr-476	990	36	's	's	PART
ftr-476	990	37	basis	basis	NOUN
ftr-476	990	38	or	or	CCONJ
ftr-476	990	39	depreciation	depreciation	NOUN
ftr-476	990	40	exceeding	exceed	VERB
ftr-476	990	41	the	the	DET
ftr-476	990	42	taxpayer	taxpayer	NOUN
ftr-476	990	43	's	's	PART
ftr-476	990	44	investment	investment	NOUN
ftr-476	990	45	in	in	ADP
ftr-476	990	46	the	the	DET
ftr-476	990	47	property	property	NOUN
ftr-476	990	48	.	.	PUNCT
ftr-476	991	1	as	as	SCONJ
ftr-476	991	2	to	to	AUX
ftr-476	991	3	being	be	AUX
ftr-476	991	4	trapped	trap	VERB
ftr-476	991	5	,	,	PUNCT
ftr-476	991	6	the	the	DET
ftr-476	991	7	transferors	transferor	NOUN
ftr-476	991	8	in	in	ADP
ftr-476	991	9	the	the	DET
ftr-476	991	10	lessinger	lessinger	ADJ
ftr-476	991	11	and	and	CCONJ
ftr-476	991	12	alderman	alderman	NOUN
ftr-476	991	13	cases	case	NOUN
ftr-476	991	14	gave	give	VERB
ftr-476	991	15	their	their	PRON
ftr-476	991	16	obligations	obligation	NOUN
ftr-476	991	17	to	to	ADP
ftr-476	991	18	the	the	DET
ftr-476	991	19	corporations	corporation	NOUN
ftr-476	991	20	after	after	SCONJ
ftr-476	991	21	they	they	PRON
ftr-476	991	22	became	become	VERB
ftr-476	991	23	aware	aware	ADJ
ftr-476	991	24	of	of	ADP
ftr-476	991	25	the	the	DET
ftr-476	991	26	potential	potential	NOUN
ftr-476	991	27	of	of	ADP
ftr-476	991	28	gain	gain	NOUN
ftr-476	991	29	recognition	recognition	NOUN
ftr-476	991	30	under	under	ADP
ftr-476	991	31	section	section	NOUN
ftr-476	991	32	357(c	357(c	PROPN
ftr-476	991	33	)	)	PUNCT
ftr-476	991	34	.	.	PUNCT
ftr-476	992	1	in	in	ADP
ftr-476	992	2	the	the	DET
ftr-476	992	3	case	case	NOUN
ftr-476	992	4	of	of	ADP
ftr-476	992	5	recourse	recourse	NOUN
ftr-476	992	6	debtors	debtor	NOUN
ftr-476	992	7	transferring	transfer	VERB
ftr-476	992	8	property	property	NOUN
ftr-476	992	9	subject	subject	NOUN
ftr-476	992	10	to	to	ADP
ftr-476	992	11	that	that	DET
ftr-476	992	12	debt	debt	NOUN
ftr-476	992	13	,	,	PUNCT
ftr-476	992	14	any	any	DET
ftr-476	992	15	concern	concern	NOUN
ftr-476	992	16	about	about	ADP
ftr-476	992	17	their	their	AUX
ftr-476	992	18	being	be	AUX
ftr-476	992	19	trapped	trap	VERB
ftr-476	992	20	is	be	AUX
ftr-476	992	21	attributable	attributable	ADJ
ftr-476	992	22	to	to	ADP
ftr-476	992	23	section	section	NOUN
ftr-476	992	24	357(c	357(c	PROPN
ftr-476	992	25	)	)	PUNCT
ftr-476	992	26	itself	itself	PRON
ftr-476	992	27	,	,	PUNCT
ftr-476	992	28	and	and	CCONJ
ftr-476	992	29	not	not	PART
ftr-476	992	30	to	to	ADP
ftr-476	992	31	the	the	DET
ftr-476	992	32	lessinger	lessinger	ADJ
ftr-476	992	33	problem	problem	NOUN
ftr-476	992	34	.	.	PUNCT
ftr-476	993	1	some	some	DET
ftr-476	993	2	transferors	transferor	NOUN
ftr-476	993	3	may	may	AUX
ftr-476	993	4	be	be	AUX
ftr-476	993	5	unwary	unwary	ADJ
ftr-476	993	6	,	,	PUNCT
ftr-476	993	7	as	as	SCONJ
ftr-476	993	8	when	when	SCONJ
ftr-476	993	9	they	they	PRON
ftr-476	993	10	are	be	AUX
ftr-476	993	11	liable	liable	ADJ
ftr-476	993	12	on	on	ADP
ftr-476	993	13	recourse	recourse	NOUN
ftr-476	993	14	debt	debt	NOUN
ftr-476	993	15	and	and	CCONJ
ftr-476	993	16	do	do	AUX
ftr-476	993	17	not	not	PART
ftr-476	993	18	cause	cause	VERB
ftr-476	993	19	the	the	DET
ftr-476	993	20	corporation	corporation	NOUN
ftr-476	993	21	to	to	PART
ftr-476	993	22	affirmatively	affirmatively	ADV
ftr-476	993	23	assume	assume	VERB
ftr-476	993	24	the	the	DET
ftr-476	993	25	debt	debt	NOUN
ftr-476	993	26	,	,	PUNCT
ftr-476	993	27	but	but	CCONJ
ftr-476	993	28	the	the	DET
ftr-476	993	29	corporation	corporation	NOUN
ftr-476	993	30	is	be	AUX
ftr-476	993	31	deemed	deem	VERB
ftr-476	993	32	to	to	PART
ftr-476	993	33	do	do	VERB
ftr-476	993	34	so	so	ADV
ftr-476	993	35	under	under	ADP
ftr-476	993	36	state	state	NOUN
ftr-476	993	37	corporate	corporate	ADJ
ftr-476	993	38	law	law	NOUN
ftr-476	993	39	.	.	PUNCT
ftr-476	994	1	it	it	PRON
ftr-476	994	2	is	be	AUX
ftr-476	994	3	likely	likely	ADJ
ftr-476	994	4	in	in	ADP
ftr-476	994	5	most	most	ADJ
ftr-476	994	6	such	such	ADJ
ftr-476	994	7	cases	case	NOUN
ftr-476	994	8	that	that	PRON
ftr-476	994	9	absent	absent	VERB
ftr-476	994	10	some	some	DET
ftr-476	994	11	other	other	ADJ
ftr-476	994	12	facts	fact	NOUN
ftr-476	994	13	to	to	ADP
ftr-476	994	14	the	the	DET
ftr-476	994	15	contrary	contrary	NOUN
ftr-476	994	16	,	,	PUNCT
ftr-476	994	17	there	there	PRON
ftr-476	994	18	was	be	VERB
ftr-476	994	19	an	an	DET
ftr-476	994	20	intent	intent	NOUN
ftr-476	994	21	to	to	PART
ftr-476	994	22	have	have	AUX
ftr-476	994	23	the	the	DET
ftr-476	994	24	corporations	corporation	NOUN
ftr-476	994	25	pay	pay	VERB
ftr-476	994	26	the	the	DET
ftr-476	994	27	debts	debt	NOUN
ftr-476	994	28	,	,	PUNCT
ftr-476	994	29	and	and	CCONJ
ftr-476	994	30	so	so	ADV
ftr-476	994	31	the	the	DET
ftr-476	994	32	presumption	presumption	NOUN
ftr-476	994	33	is	be	AUX
ftr-476	994	34	justified	justify	VERB
ftr-476	994	35	.	.	PUNCT
ftr-476	995	1	proponents	proponent	NOUN
ftr-476	995	2	of	of	ADP
ftr-476	995	3	a	a	DET
ftr-476	995	4	legislative	legislative	ADJ
ftr-476	995	5	solution	solution	NOUN
ftr-476	995	6	would	would	AUX
ftr-476	995	7	likely	likely	ADV
ftr-476	995	8	seek	seek	VERB
ftr-476	995	9	a	a	DET
ftr-476	995	10	netting	netting	NOUN
ftr-476	995	11	of	of	ADP
ftr-476	995	12	the	the	DET
ftr-476	995	13	transferor	transferor	NOUN
ftr-476	995	14	's	's	PART
ftr-476	995	15	obligation	obligation	NOUN
ftr-476	995	16	against	against	ADP
ftr-476	995	17	debt	debt	NOUN
ftr-476	995	18	assumed	assume	VERB
ftr-476	995	19	or	or	CCONJ
ftr-476	995	20	taken	take	VERB
ftr-476	995	21	subject	subject	NOUN
ftr-476	995	22	to	to	ADP
ftr-476	995	23	by	by	ADP
ftr-476	995	24	the	the	DET
ftr-476	995	25	corporation	corporation	NOUN
ftr-476	995	26	.	.	PUNCT
ftr-476	996	1	such	such	DET
ftr-476	996	2	a	a	DET
ftr-476	996	3	result	result	NOUN
ftr-476	996	4	is	be	AUX
ftr-476	996	5	questionable	questionable	ADJ
ftr-476	996	6	because	because	SCONJ
ftr-476	996	7	it	it	PRON
ftr-476	996	8	either	either	CCONJ
ftr-476	996	9	must	must	AUX
ftr-476	996	10	ignore	ignore	VERB
ftr-476	996	11	concerns	concern	NOUN
ftr-476	996	12	about	about	ADP
ftr-476	996	13	bona	bona	ADJ
ftr-476	996	14	fides	fide	NOUN
ftr-476	996	15	and	and	CCONJ
ftr-476	996	16	permit	permit	VERB
ftr-476	996	17	all	all	DET
ftr-476	996	18	such	such	ADJ
ftr-476	996	19	obligations	obligation	NOUN
ftr-476	996	20	to	to	PART
ftr-476	996	21	offset	offset	VERB
ftr-476	996	22	debt	debt	NOUN
ftr-476	996	23	assumed	assume	VERB
ftr-476	996	24	or	or	CCONJ
ftr-476	996	25	must	must	AUX
ftr-476	996	26	define	define	VERB
ftr-476	996	27	the	the	DET
ftr-476	996	28	quality	quality	NOUN
ftr-476	996	29	of	of	ADP
ftr-476	996	30	the	the	DET
ftr-476	996	31	obligation	obligation	NOUN
ftr-476	996	32	needed	need	VERB
ftr-476	996	33	to	to	PART
ftr-476	996	34	be	be	AUX
ftr-476	996	35	bona	bona	ADJ
ftr-476	996	36	fide	fide	ADJ
ftr-476	996	37	.	.	PUNCT
ftr-476	997	1	so	so	ADV
ftr-476	997	2	far	far	ADV
ftr-476	997	3	,	,	PUNCT
ftr-476	997	4	both	both	CCONJ
ftr-476	997	5	congress	congress	PROPN
ftr-476	997	6	and	and	CCONJ
ftr-476	997	7	the	the	DET
ftr-476	997	8	treasury	treasury	NOUN
ftr-476	997	9	have	have	AUX
ftr-476	997	10	been	be	AUX
ftr-476	997	11	reluctant	reluctant	ADJ
ftr-476	997	12	to	to	PART
ftr-476	997	13	define	define	VERB
ftr-476	997	14	bona	bona	ADJ
ftr-476	997	15	fide	fide	ADJ
ftr-476	997	16	debt	debt	NOUN
ftr-476	997	17	,	,	PUNCT
ftr-476	997	18	and	and	CCONJ
ftr-476	997	19	this	this	PRON
ftr-476	997	20	seems	seem	VERB
ftr-476	997	21	an	an	DET
ftr-476	997	22	inappropriate	inappropriate	ADJ
ftr-476	997	23	place	place	NOUN
ftr-476	997	24	to	to	PART
ftr-476	997	25	force	force	VERB
ftr-476	997	26	that	that	DET
ftr-476	997	27	issue	issue	NOUN
ftr-476	997	28	.	.	PUNCT
ftr-476	998	1	a	a	DET
ftr-476	998	2	partial	partial	ADJ
ftr-476	998	3	administrative	administrative	ADJ
ftr-476	998	4	solution	solution	NOUN
ftr-476	998	5	seems	seem	VERB
ftr-476	998	6	more	more	ADV
ftr-476	998	7	appropriate	appropriate	ADJ
ftr-476	998	8	.	.	PUNCT
ftr-476	999	1	the	the	DET
ftr-476	999	2	service	service	NOUN
ftr-476	999	3	could	could	AUX
ftr-476	999	4	begin	begin	VERB
ftr-476	999	5	by	by	ADP
ftr-476	999	6	clarifying	clarify	VERB
ftr-476	999	7	or	or	CCONJ
ftr-476	999	8	augmenting	augment	VERB
ftr-476	999	9	revenue	revenue	NOUN
ftr-476	999	10	ruling	rule	VERB
ftr-476	999	11	68	68	NUM
ftr-476	999	12	-	-	SYM
ftr-476	999	13	629	629	NUM
ftr-476	999	14	to	to	PART
ftr-476	999	15	shift	shift	VERB
ftr-476	999	16	the	the	DET
ftr-476	999	17	focus	focus	NOUN
ftr-476	999	18	away	away	ADV
ftr-476	999	19	from	from	ADP
ftr-476	999	20	zero	zero	NUM
ftr-476	999	21	basis	basis	NOUN
ftr-476	999	22	in	in	ADP
ftr-476	999	23	the	the	DET
ftr-476	999	24	transferor	transferor	NOUN
ftr-476	999	25	's	's	PART
ftr-476	999	26	obligation	obligation	NOUN
ftr-476	999	27	.	.	PUNCT
ftr-476	1000	1	instead	instead	ADV
ftr-476	1000	2	,	,	PUNCT
ftr-476	1000	3	guidance	guidance	NOUN
ftr-476	1000	4	should	should	AUX
ftr-476	1000	5	address	address	VERB
ftr-476	1000	6	the	the	DET
ftr-476	1000	7	issue	issue	NOUN
ftr-476	1000	8	of	of	ADP
ftr-476	1000	9	when	when	SCONJ
ftr-476	1000	10	debt	debt	NOUN
ftr-476	1000	11	has	have	AUX
ftr-476	1000	12	been	be	AUX
ftr-476	1000	13	assumed	assume	VERB
ftr-476	1000	14	or	or	CCONJ
ftr-476	1000	15	taken	take	VERB
ftr-476	1000	16	subject	subject	NOUN
ftr-476	1000	17	to	to	ADP
ftr-476	1000	18	.	.	PUNCT
ftr-476	1001	1	it	it	PRON
ftr-476	1001	2	could	could	AUX
ftr-476	1001	3	provide	provide	VERB
ftr-476	1001	4	that	that	PRON
ftr-476	1001	5	for	for	ADP
ftr-476	1001	6	purposes	purpose	NOUN
ftr-476	1001	7	of	of	ADP
ftr-476	1001	8	section	section	NOUN
ftr-476	1001	9	357(c	357(c	PROPN
ftr-476	1001	10	)	)	PUNCT
ftr-476	1001	11	(	(	PUNCT
ftr-476	1001	12	and	and	CCONJ
ftr-476	1001	13	section	section	NOUN
ftr-476	1001	14	358(d	358(d	PROPN
ftr-476	1001	15	)	)	PUNCT
ftr-476	1001	16	)	)	PUNCT
ftr-476	1001	17	,	,	PUNCT
ftr-476	1001	18	there	there	PRON
ftr-476	1001	19	is	be	VERB
ftr-476	1001	20	no	no	DET
ftr-476	1001	21	assumption	assumption	NOUN
ftr-476	1001	22	of	of	ADP
ftr-476	1001	23	liabilities	liability	NOUN
ftr-476	1001	24	unless	unless	SCONJ
ftr-476	1001	25	,	,	PUNCT
ftr-476	1001	26	under	under	ADP
ftr-476	1001	27	state	state	NOUN
ftr-476	1001	28	law	law	NOUN
ftr-476	1001	29	,	,	PUNCT
ftr-476	1001	30	the	the	DET
ftr-476	1001	31	outside	outside	ADJ
ftr-476	1001	32	creditors	creditor	NOUN
ftr-476	1001	33	could	could	AUX
ftr-476	1001	34	hold	hold	VERB
ftr-476	1001	35	the	the	DET
ftr-476	1001	36	corporation	corporation	NOUN
ftr-476	1001	37	liable	liable	ADJ
ftr-476	1001	38	.	.	PUNCT
ftr-476	1002	1	more	more	ADV
ftr-476	1002	2	importantly	importantly	ADV
ftr-476	1002	3	,	,	PUNCT
ftr-476	1002	4	it	it	PRON
ftr-476	1002	5	should	should	AUX
ftr-476	1002	6	provide	provide	VERB
ftr-476	1002	7	that	that	SCONJ
ftr-476	1002	8	where	where	SCONJ
ftr-476	1002	9	debt	debt	NOUN
ftr-476	1002	10	is	be	AUX
ftr-476	1002	11	not	not	PART
ftr-476	1002	12	assumed	assume	VERB
ftr-476	1002	13	but	but	CCONJ
ftr-476	1002	14	transferred	transfer	VERB
ftr-476	1002	15	property	property	NOUN
ftr-476	1002	16	is	be	AUX
ftr-476	1002	17	encumbered	encumber	VERB
ftr-476	1002	18	,	,	PUNCT
ftr-476	1002	19	the	the	DET
ftr-476	1002	20	property	property	NOUN
ftr-476	1002	21	is	be	AUX
ftr-476	1002	22	considered	consider	VERB
ftr-476	1002	23	not	not	PART
ftr-476	1002	24	subject	subject	ADJ
ftr-476	1002	25	to	to	ADP
ftr-476	1002	26	debt	debt	NOUN
ftr-476	1002	27	under	under	ADP
ftr-476	1002	28	the	the	DET
ftr-476	1002	29	same	same	ADJ
ftr-476	1002	30	circumstances	circumstance	NOUN
ftr-476	1002	31	that	that	PRON
ftr-476	1002	32	wrapped	wrap	VERB
ftr-476	1002	33	debt	debt	NOUN
ftr-476	1002	34	is	be	AUX
ftr-476	1002	35	not	not	PART
ftr-476	1002	36	considered	consider	VERB
ftr-476	1002	37	taken	take	VERB
ftr-476	1002	38	subject	subject	ADJ
ftr-476	1002	39	to	to	ADP
ftr-476	1002	40	for	for	ADP
ftr-476	1002	41	purposes	purpose	NOUN
ftr-476	1002	42	of	of	ADP
ftr-476	1002	43	section	section	NOUN
ftr-476	1002	44	453	453	NUM
ftr-476	1002	45	,	,	PUNCT
ftr-476	1002	46	in	in	ADP
ftr-476	1002	47	light	light	NOUN
ftr-476	1002	48	of	of	ADP
ftr-476	1002	49	the	the	DET
ftr-476	1002	50	service	service	NOUN
ftr-476	1002	51	's	's	PART
ftr-476	1002	52	acquiescence	acquiescence	NOUN
ftr-476	1002	53	in	in	ADP
ftr-476	1002	54	professional	professional	ADJ
ftr-476	1002	55	equities	equity	NOUN
ftr-476	1002	56	.	.	PUNCT
ftr-476	1002	57	'56	'56	NUM
ftr-476	1002	58	while	while	SCONJ
ftr-476	1002	59	a	a	DET
ftr-476	1002	60	wrapped	wrap	VERB
ftr-476	1002	61	mortgage	mortgage	NOUN
ftr-476	1002	62	may	may	AUX
ftr-476	1002	63	be	be	AUX
ftr-476	1002	64	either	either	CCONJ
ftr-476	1002	65	recourse	recourse	NOUN
ftr-476	1002	66	or	or	CCONJ
ftr-476	1002	67	nonrecourse	nonrecourse	NOUN
ftr-476	1002	68	for	for	ADP
ftr-476	1002	69	purposes	purpose	NOUN
ftr-476	1002	70	of	of	ADP
ftr-476	1002	71	section	section	NOUN
ftr-476	1002	72	453	453	NUM
ftr-476	1002	73	,	,	PUNCT
ftr-476	1002	74	it	it	PRON
ftr-476	1002	75	seems	seem	VERB
ftr-476	1002	76	that	that	SCONJ
ftr-476	1002	77	for	for	ADP
ftr-476	1002	78	purposes	purpose	NOUN
ftr-476	1002	79	of	of	ADP
ftr-476	1002	80	section	section	NOUN
ftr-476	1002	81	357(c	357(c	PROPN
ftr-476	1002	82	)	)	PUNCT
ftr-476	1002	83	the	the	DET
ftr-476	1002	84	155	155	NUM
ftr-476	1002	85	.	.	PUNCT
ftr-476	1003	1	see	see	PROPN
ftr-476	1003	2	s.	s.	PROPN
ftr-476	1003	3	rep	rep	PROPN
ftr-476	1003	4	.	.	PROPN
ftr-476	1003	5	no	no	PROPN
ftr-476	1003	6	.	.	NOUN
ftr-476	1003	7	1263	1263	NUM
ftr-476	1003	8	,	,	PUNCT
ftr-476	1003	9	95th	95th	ADJ
ftr-476	1003	10	cong	cong	NOUN
ftr-476	1003	11	.	.	PROPN
ftr-476	1004	1	,	,	PUNCT
ftr-476	1004	2	2d	2d	PROPN
ftr-476	1004	3	sess	sess	NOUN
ftr-476	1004	4	.	.	PUNCT
ftr-476	1005	1	183	183	NUM
ftr-476	1005	2	-	-	SYM
ftr-476	1005	3	85	85	NUM
ftr-476	1005	4	(	(	PUNCT
ftr-476	1005	5	1978	1978	NUM
ftr-476	1005	6	)	)	PUNCT
ftr-476	1005	7	,	,	PUNCT
ftr-476	1005	8	reprinted	reprint	VERB
ftr-476	1005	9	in	in	ADP
ftr-476	1005	10	1978	1978	NUM
ftr-476	1005	11	u.s.c.c.a.n	u.s.c.c.a.n	NOUN
ftr-476	1005	12	.	.	PUNCT
ftr-476	1006	1	6761	6761	NUM
ftr-476	1006	2	,	,	PUNCT
ftr-476	1006	3	6946	6946	NUM
ftr-476	1006	4	-	-	SYM
ftr-476	1006	5	48	48	NUM
ftr-476	1006	6	.	.	PUNCT
ftr-476	1007	1	156	156	NUM
ftr-476	1007	2	.	.	PUNCT
ftr-476	1008	1	professional	professional	ADJ
ftr-476	1008	2	equities	equities	PROPN
ftr-476	1008	3	,	,	PUNCT
ftr-476	1008	4	inc	inc	PROPN
ftr-476	1008	5	.	.	PROPN
ftr-476	1009	1	v.	v.	PROPN
ftr-476	1009	2	commissioner	commissioner	PROPN
ftr-476	1009	3	,	,	PUNCT
ftr-476	1009	4	89	89	NUM
ftr-476	1009	5	t.c	t.c	PROPN
ftr-476	1009	6	.	.	PROPN
ftr-476	1009	7	165	165	NUM
ftr-476	1009	8	(	(	PUNCT
ftr-476	1009	9	1987	1987	NUM
ftr-476	1009	10	)	)	PUNCT
ftr-476	1009	11	,	,	PUNCT
ftr-476	1009	12	acq	acq	PROPN
ftr-476	1009	13	.	.	PROPN
ftr-476	1009	14	,	,	PUNCT
ftr-476	1009	15	1988	1988	NUM
ftr-476	1009	16	-	-	SYM
ftr-476	1009	17	2	2	NUM
ftr-476	1009	18	c.b	c.b	PROPN
ftr-476	1009	19	.	.	PROPN
ftr-476	1009	20	1	1	NUM
ftr-476	1009	21	.	.	PUNCT
ftr-476	1010	1	[	[	X
ftr-476	1010	2	vol	vol	NOUN
ftr-476	1010	3	.	.	PUNCT
ftr-476	1011	1	2:5	2:5	NUM
ftr-476	1011	2	zero	zero	NUM
ftr-476	1011	3	basis	basis	NOUN
ftr-476	1011	4	hoar	hoar	NOUN
ftr-476	1011	5	transferor	transferor	NOUN
ftr-476	1011	6	might	might	AUX
ftr-476	1011	7	also	also	ADV
ftr-476	1011	8	be	be	AUX
ftr-476	1011	9	required	require	VERB
ftr-476	1011	10	to	to	PART
ftr-476	1011	11	have	have	VERB
ftr-476	1011	12	personal	personal	ADJ
ftr-476	1011	13	liability	liability	NOUN
ftr-476	1011	14	on	on	ADP
ftr-476	1011	15	the	the	DET
ftr-476	1011	16	debt	debt	NOUN
ftr-476	1011	17	to	to	ADP
ftr-476	1011	18	the	the	DET
ftr-476	1011	19	outside	outside	ADJ
ftr-476	1011	20	creditor	creditor	NOUN
ftr-476	1011	21	.	.	PUNCT
ftr-476	1012	1	the	the	DET
ftr-476	1012	2	reason	reason	NOUN
ftr-476	1012	3	for	for	ADP
ftr-476	1012	4	this	this	DET
ftr-476	1012	5	added	add	VERB
ftr-476	1012	6	strictness	strictness	NOUN
ftr-476	1012	7	is	be	AUX
ftr-476	1012	8	the	the	DET
ftr-476	1012	9	lack	lack	NOUN
ftr-476	1012	10	of	of	ADP
ftr-476	1012	11	objective	objective	ADJ
ftr-476	1012	12	evidence	evidence	NOUN
ftr-476	1012	13	,	,	PUNCT
ftr-476	1012	14	in	in	ADP
ftr-476	1012	15	the	the	DET
ftr-476	1012	16	form	form	NOUN
ftr-476	1012	17	of	of	ADP
ftr-476	1012	18	cash	cash	NOUN
ftr-476	1012	19	and	and	CCONJ
ftr-476	1012	20	wraparound	wraparound	NOUN
ftr-476	1012	21	note	note	NOUN
ftr-476	1012	22	given	give	VERB
ftr-476	1012	23	by	by	ADP
ftr-476	1012	24	the	the	DET
ftr-476	1012	25	corporation	corporation	NOUN
ftr-476	1012	26	,	,	PUNCT
ftr-476	1012	27	that	that	SCONJ
ftr-476	1012	28	the	the	DET
ftr-476	1012	29	corporation	corporation	NOUN
ftr-476	1012	30	has	have	AUX
ftr-476	1012	31	paid	pay	VERB
ftr-476	1012	32	full	full	ADJ
ftr-476	1012	33	value	value	NOUN
ftr-476	1012	34	for	for	ADP
ftr-476	1012	35	the	the	DET
ftr-476	1012	36	transferred	transfer	VERB
ftr-476	1012	37	property	property	NOUN
ftr-476	1012	38	without	without	ADP
ftr-476	1012	39	also	also	ADV
ftr-476	1012	40	intending	intend	VERB
ftr-476	1012	41	to	to	PART
ftr-476	1012	42	pay	pay	VERB
ftr-476	1012	43	the	the	DET
ftr-476	1012	44	debt	debt	NOUN
ftr-476	1012	45	.	.	PUNCT
ftr-476	1013	1	as	as	ADP
ftr-476	1013	2	to	to	ADP
ftr-476	1013	3	the	the	DET
ftr-476	1013	4	deeper	deep	ADJ
ftr-476	1013	5	basis	basis	NOUN
ftr-476	1013	6	questions	question	NOUN
ftr-476	1013	7	attending	attend	VERB
ftr-476	1013	8	a	a	DET
ftr-476	1013	9	section	section	NOUN
ftr-476	1013	10	351	351	NUM
ftr-476	1013	11	transferor	transferor	NOUN
ftr-476	1013	12	's	's	PART
ftr-476	1013	13	obligations	obligation	NOUN
ftr-476	1013	14	,	,	PUNCT
ftr-476	1013	15	if	if	SCONJ
ftr-476	1013	16	transferors	transferor	NOUN
ftr-476	1013	17	are	be	AUX
ftr-476	1013	18	not	not	PART
ftr-476	1013	19	to	to	PART
ftr-476	1013	20	obtain	obtain	VERB
ftr-476	1013	21	basis	basis	NOUN
ftr-476	1013	22	therefor	therefor	VERB
ftr-476	1013	23	until	until	SCONJ
ftr-476	1013	24	paid	pay	VERB
ftr-476	1013	25	(	(	PUNCT
ftr-476	1013	26	and	and	CCONJ
ftr-476	1013	27	even	even	ADV
ftr-476	1013	28	the	the	DET
ftr-476	1013	29	second	second	ADJ
ftr-476	1013	30	circuit	circuit	NOUN
ftr-476	1013	31	in	in	ADP
ftr-476	1013	32	lessinger	lessinger	ADJ
ftr-476	1013	33	did	do	AUX
ftr-476	1013	34	not	not	PART
ftr-476	1013	35	indicate	indicate	VERB
ftr-476	1013	36	otherwise	otherwise	ADV
ftr-476	1013	37	)	)	PUNCT
ftr-476	1013	38	,	,	PUNCT
ftr-476	1013	39	the	the	DET
ftr-476	1013	40	code	code	NOUN
ftr-476	1013	41	ideally	ideally	ADV
ftr-476	1013	42	should	should	AUX
ftr-476	1013	43	declare	declare	VERB
ftr-476	1013	44	that	that	DET
ftr-476	1013	45	rule	rule	NOUN
ftr-476	1013	46	.	.	PUNCT
ftr-476	1014	1	legislative	legislative	ADJ
ftr-476	1014	2	history	history	NOUN
ftr-476	1014	3	should	should	AUX
ftr-476	1014	4	base	base	VERB
ftr-476	1014	5	the	the	DET
ftr-476	1014	6	rule	rule	NOUN
ftr-476	1014	7	on	on	ADP
ftr-476	1014	8	a	a	DET
ftr-476	1014	9	legislative	legislative	ADJ
ftr-476	1014	10	presumption	presumption	NOUN
ftr-476	1014	11	of	of	ADP
ftr-476	1014	12	contingency	contingency	NOUN
ftr-476	1014	13	of	of	ADP
ftr-476	1014	14	a	a	DET
ftr-476	1014	15	purchase	purchase	NOUN
ftr-476	1014	16	money	money	NOUN
ftr-476	1014	17	debt	debt	NOUN
ftr-476	1014	18	.	.	PUNCT
ftr-476	1015	1	the	the	DET
ftr-476	1015	2	corporation	corporation	NOUN
ftr-476	1015	3	should	should	AUX
ftr-476	1015	4	be	be	AUX
ftr-476	1015	5	accorded	accord	VERB
ftr-476	1015	6	a	a	DET
ftr-476	1015	7	basis	basis	NOUN
ftr-476	1015	8	in	in	ADP
ftr-476	1015	9	the	the	DET
ftr-476	1015	10	obligation	obligation	NOUN
ftr-476	1015	11	equal	equal	ADJ
ftr-476	1015	12	to	to	ADP
ftr-476	1015	13	its	its	PRON
ftr-476	1015	14	face	face	NOUN
ftr-476	1015	15	amount	amount	NOUN
ftr-476	1015	16	upon	upon	SCONJ
ftr-476	1015	17	factoring	factoring	NOUN
ftr-476	1015	18	.	.	PUNCT
ftr-476	1016	1	lacking	lack	VERB
ftr-476	1016	2	legislation	legislation	NOUN
ftr-476	1016	3	(	(	PUNCT
ftr-476	1016	4	as	as	SCONJ
ftr-476	1016	5	congress	congress	PROPN
ftr-476	1016	6	surely	surely	ADV
ftr-476	1016	7	has	have	VERB
ftr-476	1016	8	weightier	weighty	ADJ
ftr-476	1016	9	concerns	concern	NOUN
ftr-476	1016	10	,	,	PUNCT
ftr-476	1016	11	both	both	PRON
ftr-476	1016	12	in	in	ADP
ftr-476	1016	13	the	the	DET
ftr-476	1016	14	code	code	NOUN
ftr-476	1016	15	and	and	CCONJ
ftr-476	1016	16	outside	outside	ADJ
ftr-476	1016	17	)	)	PUNCT
ftr-476	1016	18	,	,	PUNCT
ftr-476	1016	19	the	the	DET
ftr-476	1016	20	treasury	treasury	NOUN
ftr-476	1016	21	should	should	AUX
ftr-476	1016	22	be	be	AUX
ftr-476	1016	23	able	able	ADJ
ftr-476	1016	24	to	to	PART
ftr-476	1016	25	reach	reach	VERB
ftr-476	1016	26	the	the	DET
ftr-476	1016	27	same	same	ADJ
ftr-476	1016	28	results	result	NOUN
ftr-476	1016	29	by	by	ADP
ftr-476	1016	30	regulations	regulation	NOUN
ftr-476	1016	31	.	.	PUNCT
ftr-476	1017	1	vii	vii	PROPN
ftr-476	1017	2	.	.	PROPN
ftr-476	1017	3	conclusion	conclusion	NOUN
ftr-476	1017	4	zero	zero	NUM
ftr-476	1017	5	basis	basis	NOUN
ftr-476	1017	6	is	be	AUX
ftr-476	1017	7	not	not	PART
ftr-476	1017	8	a	a	DET
ftr-476	1017	9	hoax	hoax	NOUN
ftr-476	1017	10	,	,	PUNCT
ftr-476	1017	11	it	it	PRON
ftr-476	1017	12	is	be	AUX
ftr-476	1017	13	the	the	DET
ftr-476	1017	14	truth	truth	NOUN
ftr-476	1017	15	.	.	PUNCT
ftr-476	1018	1	an	an	DET
ftr-476	1018	2	obligation	obligation	NOUN
ftr-476	1018	3	is	be	AUX
ftr-476	1018	4	not	not	PART
ftr-476	1018	5	property	property	NOUN
ftr-476	1018	6	in	in	ADP
ftr-476	1018	7	the	the	DET
ftr-476	1018	8	maker	maker	NOUN
ftr-476	1018	9	's	's	PART
ftr-476	1018	10	hands	hand	NOUN
ftr-476	1018	11	,	,	PUNCT
ftr-476	1018	12	and	and	CCONJ
ftr-476	1018	13	the	the	DET
ftr-476	1018	14	maker	maker	NOUN
ftr-476	1018	15	has	have	VERB
ftr-476	1018	16	no	no	DET
ftr-476	1018	17	basis	basis	NOUN
ftr-476	1018	18	for	for	ADP
ftr-476	1018	19	it	it	PRON
ftr-476	1018	20	.	.	PUNCT
ftr-476	1019	1	a	a	DET
ftr-476	1019	2	maker	maker	NOUN
ftr-476	1019	3	obtains	obtain	VERB
ftr-476	1019	4	basis	basis	NOUN
ftr-476	1019	5	by	by	ADP
ftr-476	1019	6	issuing	issue	VERB
ftr-476	1019	7	an	an	DET
ftr-476	1019	8	obligation	obligation	NOUN
ftr-476	1019	9	,	,	PUNCT
ftr-476	1019	10	but	but	CCONJ
ftr-476	1019	11	does	do	AUX
ftr-476	1019	12	not	not	PART
ftr-476	1019	13	have	have	VERB
ftr-476	1019	14	basis	basis	NOUN
ftr-476	1019	15	in	in	ADP
ftr-476	1019	16	the	the	DET
ftr-476	1019	17	obligation	obligation	NOUN
ftr-476	1019	18	.	.	PUNCT
ftr-476	1020	1	in	in	ADP
ftr-476	1020	2	any	any	DET
ftr-476	1020	3	event	event	NOUN
ftr-476	1020	4	,	,	PUNCT
ftr-476	1020	5	the	the	DET
ftr-476	1020	6	solution	solution	NOUN
ftr-476	1020	7	to	to	ADP
ftr-476	1020	8	the	the	DET
ftr-476	1020	9	section	section	NOUN
ftr-476	1020	10	357(c	357(c	PROPN
ftr-476	1020	11	)	)	PUNCT
ftr-476	1020	12	problem	problem	NOUN
ftr-476	1020	13	of	of	ADP
ftr-476	1020	14	transferors	transferor	NOUN
ftr-476	1020	15	like	like	ADP
ftr-476	1020	16	sol	sol	NOUN
ftr-476	1020	17	lessinger	lessinger	NOUN
ftr-476	1020	18	lies	lie	VERB
ftr-476	1020	19	not	not	PART
ftr-476	1020	20	in	in	ADP
ftr-476	1020	21	supplying	supply	VERB
ftr-476	1020	22	a	a	DET
ftr-476	1020	23	jury	jury	NOUN
ftr-476	1020	24	-	-	PUNCT
ftr-476	1020	25	rigged	rig	VERB
ftr-476	1020	26	basis	basis	NOUN
ftr-476	1020	27	to	to	ADP
ftr-476	1020	28	the	the	DET
ftr-476	1020	29	obligation	obligation	NOUN
ftr-476	1020	30	,	,	PUNCT
ftr-476	1020	31	but	but	CCONJ
ftr-476	1020	32	rather	rather	ADV
ftr-476	1020	33	in	in	ADP
ftr-476	1020	34	supplying	supply	VERB
ftr-476	1020	35	facts	fact	NOUN
ftr-476	1020	36	that	that	PRON
ftr-476	1020	37	better	well	ADV
ftr-476	1020	38	prove	prove	VERB
ftr-476	1020	39	an	an	DET
ftr-476	1020	40	intention	intention	NOUN
ftr-476	1020	41	that	that	SCONJ
ftr-476	1020	42	the	the	DET
ftr-476	1020	43	transferor	transferor	NOUN
ftr-476	1020	44	retained	retain	VERB
ftr-476	1020	45	liability	liability	NOUN
ftr-476	1020	46	on	on	ADP
ftr-476	1020	47	his	his	PRON
ftr-476	1020	48	debts	debt	NOUN
ftr-476	1020	49	.	.	PUNCT
ftr-476	1021	1	the	the	DET
ftr-476	1021	2	solution	solution	NOUN
ftr-476	1021	3	to	to	ADP
ftr-476	1021	4	the	the	DET
ftr-476	1021	5	dual	dual	ADV
ftr-476	1021	6	built	build	VERB
ftr-476	1021	7	-	-	PUNCT
ftr-476	1021	8	in	in	ADP
ftr-476	1021	9	gain	gain	NOUN
ftr-476	1021	10	problem	problem	NOUN
ftr-476	1021	11	spawned	spawn	VERB
ftr-476	1021	12	by	by	ADP
ftr-476	1021	13	the	the	DET
ftr-476	1021	14	spurious	spurious	ADJ
ftr-476	1021	15	zero	zero	NUM
ftr-476	1021	16	basis	basis	NOUN
ftr-476	1021	17	property	property	NOUN
ftr-476	1021	18	approach	approach	NOUN
ftr-476	1021	19	is	be	AUX
ftr-476	1021	20	to	to	PART
ftr-476	1021	21	cast	cast	VERB
ftr-476	1021	22	it	it	PRON
ftr-476	1021	23	aside	aside	ADV
ftr-476	1021	24	and	and	CCONJ
ftr-476	1021	25	to	to	PART
ftr-476	1021	26	recognize	recognize	VERB
ftr-476	1021	27	the	the	DET
ftr-476	1021	28	section	section	NOUN
ftr-476	1021	29	351	351	NUM
ftr-476	1021	30	transferor	transferor	NOUN
ftr-476	1021	31	's	's	PART
ftr-476	1021	32	obligation	obligation	NOUN
ftr-476	1021	33	for	for	ADP
ftr-476	1021	34	what	what	PRON
ftr-476	1021	35	it	it	PRON
ftr-476	1021	36	must	must	AUX
ftr-476	1021	37	be	be	AUX
ftr-476	1021	38	:	:	PUNCT
ftr-476	1021	39	a	a	DET
ftr-476	1021	40	purchase	purchase	NOUN
ftr-476	1021	41	money	money	NOUN
ftr-476	1021	42	obligation	obligation	NOUN
ftr-476	1021	43	that	that	PRON
ftr-476	1021	44	is	be	AUX
ftr-476	1021	45	presumed	presume	VERB
ftr-476	1021	46	to	to	PART
ftr-476	1021	47	be	be	AUX
ftr-476	1021	48	contingent	contingent	ADJ
ftr-476	1021	49	.	.	PUNCT
ftr-476	1022	1	19941	19941	NUM