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If a partnership makes a non-liquidating distribution of tangible property, and the inside basis of the property exceeds the outside basis of the recipient-partner, the

If a partnership makes a non-liquidating distribution of tangible property, and the inside basis of the property exceeds the outside basis of the recipient-partner, the partners basis in the distributed property is equal to his outside basis and he realizes on gain on the difference between the inside basis and outside basis.)t/f)

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