Part I Determination of TAX Liability

Sections in Part I

• § 701 Partners, not partnership, subject to tax
• § 702 Income and credits of partner
• § 703 Partnership computations
• § 704 Partner’s distributive share
• § 705 Determination of basis of partner’s interest
• § 706 Taxable years of partner and partnership
• § 707 Transactions between partner and partnership
• § 708 Continuation of partnership
• § 709 Treatment of organization and syndication fees