Partnership Nonrecourse Deductions. The amount of Partnership deductions equal to the increase, if any, in the amount of the aggregate Partnership Minimum Gain during the tax year (plus any increase in Partnership Minimum Gain for a prior tax year which has not previously generated a Partnership Nonrecourse Deduction) reduced (but not below zero) by the aggregate distributions made during the tax year of the proceeds of a Nonrecourse Liability of the Partnership which are attributable to an increase in Partnership Minimum Gain within the meaning of Treasury Regulations Section 1.704-2(d). The Partnership Nonrecourse Deductions for a Partnership tax year shall consist first of depreciation or cost recovery deductions with respect to each property of the Partnership giving rise to such increase in Partnership Minimum Gain on a pro rata basis to the extent of each such increase, with any excess made up pro rata of all items of deduction.
Partnership Nonrecourse Deductions means any loss, deduction, or Code Section 705(a)(2)(B) expenditure, or item thereof, that is attributable to nonrecourse liabilities of the Partnership as defined in Regulations Section 1.752-1(a)(2).
Partnership Nonrecourse Deductions has the meaning set forth in Treasury Regulation Section 1.704-2(b)(1).
Examples of Partnership Nonrecourse Deductions in a sentence
Partnership Nonrecourse Deductions for any taxable year or other period for which allocations are made will be allocated among the Partners in proportion to their respective Percentage Interests.
Partnership Nonrecourse Deductions for any taxable year or other period for which allocations are made will be allocated among the Partners in proportion to their respective Partnership Interests in the Partnership.
Partnership Nonrecourse Deductions (as determined under Treasury Regulation §1.704-2(c)) for any fiscal year shall be allocated among the Partners in proportion to their Percentage Interests.
Partnership Nonrecourse Deductions for any taxable year or other period for which allocations are made will be allocated among the Partners in proportion to their respective Percentage Interests in the Partnership.
In accordance with Regulations § 1.704-2(j), Partner Nonrecourse Deductions, Partnership Nonrecourse Deductions, Partner Minimum Gain, and Partnership Minimum Gain shall be allocated in accordance with the provisions of Section 4.03(a) through (d), inclusive, before any other allocations are made.
More Definitions of Partnership Nonrecourse Deductions
Partnership Nonrecourse Deductions. The amount of Partnership deductions equal to the increase, if any, in the amount of the aggregate Partnership Minimum Gain during the tax year (plus any increase in Partnership Minimum Gain for a prior tax year which has not previously generated a Partnership Nonrecourse Deduction) reduced (but not below zero) by the aggregate distributions made during the tax year of the proceeds of a Nonrecourse Liability of the Partnership which are attributable to an increase in Partnership Minimum Gain within the meaning of Treasury Regulations Section 1.704-2(d). The Partnership Nonrecourse Deductions for a Partnership tax year shall consist first of depreciation or cost recovery deductions with respect to each property of the Partnership giving rise to such increase in Partnership Minimum Gain on a pro rata basis to the extent of each such increase, with any excess made up pro rata of all items of deduction. Partnership Representative: The General Partner or such other Partner who becomes the Partnership Representative pursuant to the terms of this Agreement.
Partnership Nonrecourse Deductions consist of those deductions and in those amounts specified in Treas. Reg. Sections 1.704-2(c) and (j).
Partnership Nonrecourse Deductions means items of loss, deduction or IRC Section 705(a)(2)(B) expenditures that are attributable to Partnership Nonrecourse Liabilities, as set forth in Regulations Section 1.704-2(b)(1). The amount of Partnership Nonrecourse Deductions for a Company fiscal year equals the net increase, if any, in the amount of Partnership Minimum Gain during such fiscal year, reduced (but not below zero) by the aggregate distributions made during such fiscal year of proceeds of any Partnership Nonrecourse Liability which are allocable to an increase in Partnership Minimum Gain, as set forth in Regulations Section 1.704-2(c).
Partnership Nonrecourse Deductions has the same meaning as the term "partnership nonrecourse deductions" set forth in Treas. Reg.ss.ss.1.704-2(c) and (j)(1)(ii).
Partnership Nonrecourse Deductions means items of loss, deduction or IRC Section 705(a)(2)(B) expenditures that are attributable to Partnership Nonrecourse Liabilities, as set forth in Regulations Section 1.704 2(b)(1). The amount of Partnership Nonrecourse Deductions for a Company fiscal year equals the net increase, if any, in the amount of Partnership Minimum Gain during such fiscal year, reduced (but not below zero) by the aggregate distributions made during such fiscal year of proceeds of any Partnership Nonrecourse Liability which are allocable to an increase in Partnership Minimum Gain, as set forth in Regulations Section 1.704 2(c).
Partnership Nonrecourse Deductions has the meaning assigned to the term "nonrecourse deductions" in Treasury Regulation § 1.704-2(b).
Partnership Nonrecourse Deductions has the meaning set forth in Regulations Section 1.704-2(i)(2) for the phrase "partner nonrecourse deductions," and the amount of Partner Nonrecourse Deductions with respect to a Partner Nonrecourse Debt for a Fiscal Year shall be determined in accordance with the rules of Regulations Section 1.704-2(i)(2).