If a partner's outside basis is less than the partnership's inside basis in distributed assets, how does

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If a partner's outside basis is less than the partnership's inside basis in distributed assets, how does the partner determine his basis of the distributed assets in an operating distribution?

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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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Question Posted: Jan 20, 2017 12:13 PM

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If a partner's outside basis is less than the partnership's inside basis in distributed assets, how does

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If only money is distributed the partner recognizes gain equal to the difference between the money d...View the full answer

Taxation Of Individuals And Business Entities 2015

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