22.

Match each of the following statements with the numbered terms below that provide the best definition. Clear All Might affect any two partners tax liabilities in different ways. Disguised sale Amount that might be reported on either form 1065, page 1 or, on Schedule K. Interest expense Transfer of asset to partnership followed by immediate distribution of cash to partner. Separately stated item Partnership's basis in asset after tax-free contribution of asset to partnership. Carryover