Distinguish between a capital interest and a profits interest, and explain how partners and partnerships treat when
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A partnership interest can be broken down into two distinct rights 1 Capital interest and 2 Profits interest To become a partner in a partnership you ...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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