Discussion:Distributions to second tier partners

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Discussion Forum Index --> Advanced Tax Questions --> Distributions to second tier partners
Discussion Forum Index --> Tax Questions --> Distributions to second tier partners

YsA (talk|edits) said:

5 November 2009
Partnership A has a qualified nonrecouse debt. Partnership B is a partner in A and receives a portion of the debt. Partnership B receives a cash distribution in excess of its capital account but within outside basis (considering the QND from A). Can partners of Partnership B use QND flowing-through from A as basis and receive tax-free cash distributions?

Thank you.

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