Examples of Nonrecourse Liability in a sentence
The amount of Nonrecourse Deductions for a Tax Year shall equal the excess, if any, of the net increase, if any, in the amount of Company Minimum Gain during that Tax Year over the aggregate amount of any distributions during Tax Year of proceeds of a Nonrecourse Liability that are allocable to an increase in Company Minimum Gain, determined in accordance with the provisions of Treasury Regulations Section 1.704-2(d).
More Definitions of Nonrecourse Liability
Nonrecourse Liability has the meaning set forth in Regulations Sections 1.704-2(b)(3) and 1.752-1(a)(2).
Nonrecourse Liability shall have the meaning set forth in Section 1.704-2(b)(3) of the Treasury Regulations.
Nonrecourse Liability shall have the meaning given it in Treasury Regulations Section 1.704-2(b)(3).