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PLEASE ANSWER THE FOLLOWING QUESTION..DONT COPY FROM CHEGG.... 3. Marvin Bridges is a 25 percent partner in the Munson partnership. On November 23, 2017, Marvin

PLEASE ANSWER THE FOLLOWING QUESTION..DONT COPY FROM CHEGG....

3. Marvin Bridges is a 25 percent partner in the Munson partnership. On November 23, 2017, Marvin contributes property with an adjusted basis of $75,000 and a fair market value of $250,000 to the Munson partnership. On March 15, 2018, Marvin receives a $187,500 cash distribution from the partnership. a) Why would the IRS seek to classify the transactions as a disguised sale? b) . Assume that the IRS is successful in classifying the transactions as a disguised sale. Outline the income tax consequences to Marvin

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