In the recent Rodman case, the Tax Court has held that a partner newly admitted near year-end must report his share of the full year's partnership profits. Messrs. Lee and Parker analyze the status of retroactive partnership allocations in view of Rodman, the first decision to expressly sanction retroactive allocations of income (and implicitly of losses) to new partners, and reallocations under Section 704.
40 The Journal of Taxation 166-171 (1974)
Lee, John W. and Parker, Robert S. Jr., "Retroactive Allocations to New Partners: An Analysis of the Area after Rodman" (1974). Faculty Publications. 1397.