Allocations of Depreciation Recapture Among Partners in a Partnership
other · IRS · Rule · Published 1997-08-20 · Effective 1997-08-20 · 62 FR 44214
Document
Document number
97-22019
Federal Register citation
62 FR 44214
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
1997-08-20
Effective date
1997-08-20
Treasury docket
TD 8730
Abstract
This document contains final regulations relating to the allocation of depreciation recapture among partners in a partnership. The final regulations amend existing regulations to require that gain characterized as depreciation recapture be allocated, to the extent possible, to the partners who took the depreciation or amortization deductions. The final regulations affect partnerships (and their partners) that sell or dispose of certain depreciable or amortizable property.