On December 2, 2024, the Department of Treasury published final regulations (Final Regulations) governing the allocation of recourse liabilities of a partnership among its partners under Section 752 ...

Section 752 and its accompanying regulations require a partnership to allocate its liabilities among its partners, generally resulting in an increase to a partner’s basis in the partnership interest.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Recourse loans allow lenders to seize a borrower's other assets if collateral is ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. "Without recourse" means that a party selling a financial asset is not liable for a borrower ...