Nonrecourse Deductions definition
Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.
Nonrecourse Deductions has the meaning set forth in Treasury Regulations Sections 1.704-2(b)(1) and 1.704-2(c).
Nonrecourse Deductions means any and all items of loss, deduction or expenditure (including any expenditure described in Section 705(a)(2)(B) of the Code) that, in accordance with the principles of Treasury Regulation Section 1.704-2(b), are attributable to a Nonrecourse Liability.
Examples of Nonrecourse Deductions in a sentence
Nonrecourse Deductions for any Taxable Year shall be allocated to the Members in accordance with their respective Membership Interests.
Member Nonrecourse Deductions for any Taxable Year shall be allocated to the Member or Members that bear the economic risk of loss with respect to the Member Nonrecourse Debt to which such Member Nonrecourse Deductions are attributable in the manner required by Treasury Regulation Section 1.704-2(i).
Nonrecourse Deductions shall be allocated to the Members pro rata in accordance with their Ownership Percentages.
More Definitions of Nonrecourse Deductions
Nonrecourse Deductions has the meaning set forth in Regulations Section 1.704-2(b)(1), and the amount of Nonrecourse Deductions for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(c).
Nonrecourse Deductions has the meaning set forth in Treasury Regulations Section 1.704-2(b). The amount of Nonrecourse Deductions of the Partnership for a fiscal year equals the net increase, if any, in the amount of Partnership Minimum Gain of the Partnership during that fiscal year, determined according to the provisions of Treasury Regulations Section 1.704-2(c).
Nonrecourse Deductions has the meaning set forth in Treasury Regulation section 1.704-2(c). The amount of Nonrecourse Deductions for a Company Fiscal Year equals the net increase in the amount of Company Minimum Gain during that Fiscal Year, reduced (but not below zero) by the aggregate amount of any Distributions during that Fiscal Year of proceeds of a Nonrecourse Liability that are allocable to an increase in Company Minimum Gain.
Nonrecourse Deductions shall have the meaning assigned to that term in Treasury Regulation Section 1.704-2(b).
Nonrecourse Deductions has the meaning set forth in Treas. Reg. § 1.704-2(b)(1).
Nonrecourse Deductions has the meaning set forth in Regulation Section 1.704-2(b)(1). The amount of Nonrecourse Deductions for a taxable year of the Company equals the net increase, if any, in the amount of Minimum Gain during that taxable year, determined according to the provisions of Regulation Section 1.704-2(c).
Nonrecourse Deductions shall have the meaning set forth in Treasury Regulations Section 1.704-2(b)(1). This Section 8.3(b) is intended to comply with Treasury Regulations Section 1.704-2(e) and shall be interpreted and applied in a manner consistent therewith.