Question
When a partnership interest is sold during the partnership's taxable year, how is the income allocated between the buying partner and selling partner? When is
- When a partnership interest is sold during the partnership's taxable year, how is the income allocated between the buying partner and selling partner? When is the income reported? What documentation will the selling partner's tax preparer require?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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