a. Availability of earnings to be distributed, tax-free transactions recorded by the corporation, and the liability basis of any entity acquired during the year. b. The basis of the shareholder's stock, availability of earnings to be distributed, and whether the shareholder is an individual. The tax treatment of a corporate distribution may be affected by: 4. c. Availability of earnings to be distributed, whether the distribution is liquidating or non-liquidating and whether the shareholder is an individual d. None of the above. 5. Which of the following are allowed to be partners in a limited partnership a. Corporations b. Other partnerships c. Other partnerships owned by corporations owned by people All of the above e. None of the above 6. In a standard liquidating partnership distribution, which of the following is not true: a. The assets distributed take on the partner's outside basis. b. Gain is recognized for any difference between the partner's outside basis and inside basis of partnership assets. c. The partner's outside basis will be reduced to zero. d. Any excess inside basis over outside basis is lost forever. An LLC cannot be treated as one of the following types of entities: a. Partnership b. Division c, C corporation d. S corporation e. None of the above f you distribute appreciated property (property where fair market value is higl e basis) from an entity to an owner, which of the following entities will not r