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When a partner receives a disproportionate distribution of all ordinary income assets, which of the following is deemed to occur for the partnership? A. A
When a partner receives a disproportionate distribution of all ordinary income assets, which of the following is deemed to occur for the partnership? A. A deemed purchase of capital assets by the distributee partner B. A deemed purchase of ordinary assets by the partnership C. A deemed sale of capital assets by the distributing partnership D. A deemed sale of ordinary assets by the partnership
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