U.S. Tax Allocations. (a) Subject to Section 704(c) of the Code, for U.S. federal and state income tax purposes, all items of Company income, gain, loss, deduction and credit shall be allocated among the Members in the same manner as the corresponding item of income, gain, loss, deduction or credit was allocated pursuant to the preceding paragraphs of this Section 7.
Appears in 28 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
U.S. Tax Allocations. (a) Subject to Section 704(c) of the Code, for U.S. federal federal, state and state local income tax purposes, all items of Company Partnership taxable income, gain, loss, deduction and credit shall be allocated among determined in accordance with Code Section 703, and the Members in the same manner as the corresponding item Partners’ distributive shares of such items for purposes of Code Section 702 shall be determined according to their respective shares of Net Income or Net Losses (or items of income, gain, loss, loss and deduction or credit was specially allocated pursuant to the preceding paragraphs of this Section 77.2) to which such items relate.
Appears in 4 contracts
Samples: www.sec.gov, Limited Partnership Agreement (Starwood Waypoint Residential Trust), Limited Partnership Agreement (Starwood Waypoint Residential Trust)
U.S. Tax Allocations. (a1) Subject to Section 704(c) of the Code, for U.S. federal and state income tax purposes, all items of Company income, gain, loss, deduction and credit shall be allocated among the Members in the same manner as the corresponding item of income, gain, loss, deduction or credit was allocated pursuant to the preceding paragraphs of this Section 7Section.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
U.S. Tax Allocations. (a) Subject to Section section 704(c) of the Code, for U.S. federal and state income tax purposes, all items of Company Partnership income, gain, loss, deduction and credit shall be allocated among the Members Partners in the same manner as the corresponding item of income, gain, loss, deduction or credit was allocated pursuant to the preceding paragraphs of this Section 76.
Appears in 2 contracts
Samples: LXP Industrial Trust, Lepercq Corporate Income Fund L P
U.S. Tax Allocations. (a) Subject to Section 704(c) of the Code, for U.S. federal and state income tax purposes, all items of Company income, gain, loss, deduction and credit shall be allocated among the Members in the same manner as the corresponding item of income, gain, loss, deduction or credit was allocated pursuant to the preceding paragraphs of this Section 76.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
