The Logic of Subchapter K was originally intended for use as a text for a law school course in Partnership Taxation. Together with the accompanying problem set and teachers manual, it guides students through the conceptual framework of subchapter K, while thoroughly covering the many difficult technical matters in the statutes and regulations, with the goal of giving students a firm understanding of this most difficult subject. Each chapter begins with a basic explanation of the relevant provisions and the roles that they play in the overall structure of subchapter K. It includes an increasingly detailed discussion of the specific rules, including multiple illustrative examples. Each chapter builds on the earlier chapters, leading the student through subchapter K. The authors have successfully used the text and problems for both JD and LLM courses at NYU School of Law, Yale Law School, Cardozo School of Law, and Hastings College of the Law.

Since the publication of the first edition of the book in 1996, it has also been used widely in business and accounting courses outside of the law school setting. It is also on the shelf of many practitioners. This 6th Edition addresses multiple changes made by the Tax Cuts and Jobs Act of 2017, including Section 199A qualified business deduction, the expensing of assets under Section 168(k), partnership terminations under Section 708, and an assortment of regulatory changes made in the three years since publication of the 5th Edition.


Imprint: West Academic Publishing
Series: Coursebook
Publication Date: 12/30/2019

Laura E. Cunningham, Cardozo Law School

Noël B. Cunningham, New York University School of Law

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The major changes in the law made by the Tax Cuts and Jobs Act of 2017 required us to make significant changes in the 6th Edition. These include a new section on the choice of entity, an exploration of the new qualified business deduction under section 199A, an analysis of the impact of the new first-year additional depreciation rules on various provisions and the change in the discussion of what constitutes a termination under section 708. In addition, there were several other changes required by various regulatory action taken by Treasury over the past three years.

Learn more about this series.