CCA 201138040
Affected Item
ID: CCA_2011072611321237 Number: 201138040
Release Date: 9/23/2011
Office: ---
UILC: 6231.05-00
From: ---
Sent: Tuesday, July 26, 2011 11:32:18 AM
To: ---
Cc: ---
Subject: RE: TEFRA question.
Yes. The determination that "qualified nonrecourse financing" is non-qualified non-recourse financing is a partnership item whose determination or recharacterization must be made at the partnership level. See Dakotah Hills v. Commissioner, T.C. Memo. 1996-35 and Treas. Reg. 301.6231(a)(3)-1(a)(1)(v) and -1(a)(1)(vi)(C)(amounts enabling partner to compute at risk under section 465).
Source: view the official PDF
Nearby sections (25 sections)
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