Allocating Nonrecourse liabilities

See more videos at https://taxbootcamp.com. This video describes the method required by the Treasury Department to allocate nonrecourse liabilities in a partnership. To understand the allocation, you should already understand 704(b) minimum gain (see Substantial Economic Effect Part 2 video) and 704(c) minimum gain (see 704(c) Part 1 video). Both videos can be found at taxbootcamp.com.