Javier is retiring from the JKL Partnership In January of the current year, he has a $100,000 basis in his partnership interest when he receives a $10,000 cash distribution The partnership plans to distribute $10,000 each month this year, and Javier will cease to be a partner after the December pay...

A liquidating distribution A current distribution is a distri ...

Javier is retiring from the JKL Partnership. In January of the current year, he has a $100,000

Question:

Javier is retiring from the JKL In January of the current year, he has a $100,000 basis in his interest when he receives a $10,000 cash The plans to distribute $10,000 each month this year, and Javier will cease to be a partner after the December payment. Is the January payment to Javier a current or a liquidating Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...