# Assumption of Partner Liabilities
> **IRS** · Temporary regulations. · Published 2003-06-24 · Effective 2003-06-24 · 68 FR 37414
## Document
- **Document number:** 03-15281
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 68 FR 37414
- **CFR reference:** 26 CFR 1
- **Publication date:** 2003-06-24
- **Effective date:** 2003-06-24
- **Treasury docket:** TD 9062
## Abstract

This document contains temporary regulations regarding a partnership's assumption of a partner's liabilities in a transaction occurring after October 18, 1999, and before June 24, 2003. These temporary regulations affect partners and partnerships and clarify the tax treatment of an assumption by a partnership of a partner's liability. The text of these temporary regulations also serves as the text of the proposed regulations set forth in a notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/06/24/03-15281/assumption-of-partner-liabilities)
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