[KuanW]

Hello everyone,

Could anyone kindly clarify the treatment regarding a partner loan to partnership. As the partner’s basis increases by the proportion of his/her interest in the partnership when the partnership’s liabilities go up. Is it the same case when a partner loan to a partnership?

I’ve seen different answers that when a partner loan to partnership, the loan is allocated 100% to the lending partner rather than allocation between each partner.

Please kindly advise.

Thanks

[monikernc]

Roger has a great free youtube video that explais this. Can’t post the link but easy to find.

FAR 7/25/15 76!
AUD 10/30/15 93
BEC 2/27/16 82
REG 5/23/16 88!
Ninja Book and MCQ and the forum - all the way!!!
and a little thing i like to call, time and effort!
if you want things to change, you have to do something different

[Author]

Replies