Question
In a liquidating partnership distribution, the partner only got cash and ordinary income property distributed to her, and the total cash and basis of ordinary
In a liquidating partnership distribution, the partner only got cash and ordinary income property distributed to her, and the total cash and basis of ordinary income property distributed to her were greater than her basis in her partnership interest.
How would the outside basis be allocated to the distributed assets?
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
