6. In the event of the death of a partner, the heirs of the estate of the deceased Partner have a recognized gain. A) True B) False 7. Rosetta owns a fifty percent (50%) interest in the Velma partnership, June is the other fifty percent (50%) partner and is not related to Rosetta. On the sale of the property items between Rosetta and the Velma partnership, Gains and Losses are recognized to the seller. C) True D) False 8. A partner's distributive share of partnership losses is deductible on the partners personal federal income tax return to the extent of the partners basis in the partnership at the end of the partnership tax year in which the losses are incurred "after" considering any gains or distributions made to the partner for the year. A) True B) False 9. In a Non-liquidating distribution, a partner can have either recognized gain or recognized loss. A) True B) False