member of a partnership

See: partner
References in periodicals archive ?
74-71, (3) that a trust that is a member of a partnership must separately take into account its distributive share of the partnership's depreciation deductions, when such treatment would result in a tax liability for the trust different from that which would result if such deductions were not taken into account separately.
In general, when a trust is entitled, as a member of a partnership, to a portion of that entity's depreciation deduction, its distributive share of such deduction must be apportioned between the recipient trust and its income beneficiaries as prescribed by Sec.
Full browser ?