As Amended on Denial of Rehearing and Rehearing En Banc May 27, 1982.
PER CURIAM:
Petitioners appeal the Tax Court's decision that absent a timely election under I.R.C. § 754, the bases of the partnership assets could not be adjusted on the death of a partner under I.R.C. § 1014(a) and (b)(6) until the partnership was terminated. The petitioners contest the Tax Court's ruling that the death of a partner does not, in and of itself, serve to terminate...
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