In his Real Estate Securities column, Peter M. Fass, a partner at Proskauer Rose, continues a discussion of the tax consequences of restructuring a troubled loan secured by real estate, where the owner is a partnership, with a review of a recent IRS revenue ruling which addresses guidance on cancellation of indebtedness income in the partnership context.
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Real Estate Workouts - Excess Nonrecourse Partnership Debt
New York Law Journal
October 3, 2012
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