Analysis of data from the Chandra X-ray Observatory for the double nucleus ULIRG Mrk 273 reveals an absorbed hard X-ray source coincident with the southwest nucleus, implying that this unresolved, near-infrared source is where an active nucleus resides, while the northern nuclear region contains a powerful starburst that dominates the far infrared luminosity. There is evidence of a slight image extension in the 6–7 keV band, where an Fe K line is present, towards the northern nucleus. A large-scale, diffuse emission nebula detected in soft X-rays contains a dark lane that spatially coincides with a high surface-brightness tidal tail extending ~50 arcsec (40 kpc) to the south. The soft X-ray source is likely located behind the tidal tail, which absorbs X-ray photons along the line of sight. The estimated column density of cold gas in the tidal tail responsible for shadowing the soft X-rays is N_H ≥ 6 × 10^(21) cm^(-2), consistent with the tidal tail having an edge-on orientation