Isaiah Christmas v. State of Indiana (mem. dec.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• limited partners who remain in “chain of liability” and have ultimate economic responsibility for the loan, payable in future years, may deduct payments
• limited partners who remain in \chain of liability\ and have ultimate economic responsibility for the loan, payable in future years, may deduct payments
• “debt obligations of a partnership that are payable in later years generally are to be included in the at-risk amounts”
• obligations due in later years may be included in the computation of a partner's at-risk amount if the partner is personally liable on the obligation
• “the fact that the partnership or other partners remain in the ‘chain of liability’ should not detract from the at-risk amount of the parties who do have the ultimate liability”
• at risk under sec. 465

Source: CourtListener parenthetical corpus (CC0).