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A disproportionate distribution of hot assets is treated as though the partnership distributes a proportionate share of hot assets to the partner and then the

A disproportionate distribution of hot assets is treated as though the partnership distributes a proportionate share of hot assets to the partner and then the partner sells those hot assets back to the partnership at fair market value in exchange for a portion of the assets actually received in the distribution.

a. True

b. False

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