{"abstract":"This document contains final regulations addressing when certain obligations to restore a deficit balance in a partner's capital account are disregarded under section 704 of the Internal Revenue Code (Code), when partnership liabilities are treated as recourse liabilities under section 752, and how bottom dollar payment obligations are treated under section 752. These final regulations provide guidance necessary for a partnership to allocate its liabilities among its partners. These regulations affect partnerships and their partners.","action":"Final regulations and removal of temporary regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2019/10/09/2019-22031.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26}],"citation":"84 FR 54014","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: These regulations are effective on October 9, 2019.","disposition_notes":null,"docket_ids":["TD 9877"],"dockets":[],"document_number":"2019-22031","effective_on":"2019-10-09","end_page":54026,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/10/09/2019-22031.xml","html_url":"https://www.federalregister.gov/documents/2019/10/09/2019-22031/liabilities-recognized-as-recourse-partnership-liabilities-under-section-752","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-22031?publication_date=2019-10-09","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-10-09/2019-22031/mods.xml","not_received_for_publication":null,"page_length":13,"page_views":{"count":6681,"last_updated":"2026-09-20 10:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-10-09/pdf/2019-22031.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-22031.pdf?1570542017","publication_date":"2019-10-09","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/10/09/2019-22031.txt","regulation_id_number_info":{"1545-BM83":{"issue":"201910","html_url":"https://www.federalregister.gov/regulations/1545-BM83/section-752-and-recourse-liabilities-","title":"Section 752 and Recourse Liabilities ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201910&RIN=1545-BM83&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BM83"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BM83/section-752-and-recourse-liabilities-","title":"Section 752 and Recourse Liabilities "},"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2016-0027","supporting_documents_count":0,"docket_id":"IRS-2016-0027","regulation_id_number":"1545-BM83","title":"Liabilities recognized as recourse partnership liabilities under section 752 (REG-122855-15)","checked_regulationsdotgov_at":"2019-10-11T03:00:08Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":54014,"subtype":null,"title":"Liabilities Recognized as Recourse Partnership Liabilities Under Section 752","toc_doc":"Liabilities Recognized as Recourse Partnership Liabilities under Section 752","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":84}