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TRUE/FALSE 9. If a partnership makes a non-liquidating distribution of tangible property, and the inside basis of the property exceeds the outside basis of the
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9. 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 partner's basis in the distributed property is equal to his outside basis and he realizes gain on the difference between the inside basis and outside basisStep by Step Solution
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