§ 6240. Application of subchapter
(a)
General rule
This subchapter shall only apply to electing large partnerships and partners in such partnerships.
(b)
Coordination with other partnership audit procedures
(1)
In general
Subchapter C of this chapter shall not apply to any electing large partnership other than in its capacity as a partner in another partnership which is not an electing large partnership.
(2)
Treatment where partner in other partnership
If an electing large partnership is a partner in another partnership which is not an electing large partnership—
(A)
subchapter C of this chapter shall apply to items of such electing large partnership which are partnership items with respect to such other partnership, but
(B)
any adjustment under such subchapter C shall be taken into account in the manner provided by section
6242.