A Partnership Of Interests

Tax Management Portfolio, Partnerships--Disposition of Partnership Interests or Partnership Business; Partnership Termination, No. 718-3rd, provides a detailed discussion of the tax consequences of dispositions of partnerships, including those arising from taxable sales and nonrecognition dispositions of all or a part of a partner's partnership interest (other than liquidation of a partnership interest on withdrawal of a partner, which is the subject of another Portfolio), from sales of interests by all partners as a means of disposing of the partnership business, from sales or nonrecognition dispositions of the partnership business or assets, from structural changes in the tax partnership, and from partnership termination (discontinuation of the partnership business). The Portfolio discusses the federal tax consequences for the transferor, the transferee, and the partnership (the continuing partners) from all of these types of transactions.