DISTRIBUTIVE SHARE
distributive share. 1. The share that an heir or beneficiary receives from the legal distribution
of an estate. [Cases: Descent and Distribution 20–51; Wills 521–535. C.J.S. Descent and
Distribution §§ 23–59; Wills§§ 967–1028.] 2. The portion (as determined in the partnership
agreement) of a partnership’s income, gain, loss, or deduction that is passed through to a partner
and reported on the partner’s tax return. [Cases: Internal Revenue 3921; Taxation 1017. C.J.S.
Internal Revenue § 429; Taxation§ 1709.] 3. The share of assets or liabilities that a partner or
partner’s estate acquires after the partnership has been dissolved. [Cases: Partnership 302, 305,
306. C.J.S. Partnership §§ 344, 346–347, 349–350.] [Blacks Law 8th]