Today our sister website, Tax-Charts.com, published a free flowchart that deals with payments to a retiring partner or a deceased partner’s successor in interest under Code §736. The flowchart identifies which payments should be considered Code §736(a) payments (distributive share or guaranteed payment) and which payments should be considered Code §736(b) payments (in exchange for the withdrawing partner’s interest in partnership property).
The flowchart is available for free here and a printable version of the flowchart can be found here.
