Distributions of property, including but not limited to:

  • 704(b) capital accounting rules and allocating the book and tax gain correctly;
  • Character and holding period under 735(a);
  • Basis and distributed property, both in current distributions and liquidating distributions;
  • Dividing partnerships under 708 (both vertical and horizontal);
  • Disproportionate distributions and character of gain/loss to each applicable party; and
  • Mixing bowl transactions.