Nonrecourse Liabilities

Some articles on nonrecourse liabilities, nonrecourse:

Partnership Taxation In The United States - Determination of Distributive Share - Capital Accounts - Assumption and Contribution of Nonrecourse Liabilities
... A partnership liability is a nonrecourse liability if no partner or related person has an economic risk of loss for that liability ... A partner's share of nonrecourse liabilities is generally proportionate to his or her share of partnership profits ... However, this rule may not apply if the partnership has taken deductions attributable to nonrecourse liabilities or the partnership holds property that was contributed by a partner ...
Partnership Taxation In The United States - Partner's Share of Partnership Liabilities - Partner's Share of Nonrecourse Liabilities
... A partnership liability is a nonrecourse liability if no partner or related person has an economic risk of loss for that liability ... A partner's share of nonrecourse liabilities is generally proportionate to his or her share of partnership profits ... the partnership has taken deductions attributable to nonrecourse liabilities or the partnership holds property that was contributed by a partner ...

Famous quotes containing the word liabilities:

    Are we bereft of citizenship because we are mothers, wives and daughters of a mighty people? Have women no country—no interests staked in public weal—no liabilities in common peril—no partnership in a nation’s guilt and shame?
    Angelina Grimké (1805–1879)