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Under which of the following circumstances would a partnership terminate and close its tax year? a.Entry of a new partner b.Distribution of property to a

Under which of the following circumstances would a partnership terminate and close its tax year?

a.Entry of a new partner

b.Distribution of property to a 10 percent partner in complete termination of the partner's interest in the partnership

c.Divorce of a partner

d.Sale of an interest in a partnership by a partner who holds a 60 percent capital and profits interest

e.None of these choices are correct.

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