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Partnership Tax 1. Payments to partners fall into 3 categories: a. Cite the IRC section numbers and describe the 3 types of payments to a

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Partnership Tax 1. Payments to partners fall into 3 categories: a. Cite the IRC section numbers and describe the 3 types of payments to a partner b. For each of the 3 payment types to a partner, discuss when a cash basis partner takes the payment into income and when the accrual basis partner deducts or otherwise treats such payment

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