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When an individual receives a partnership interest in exchange for services, the transaction is most likely to be taxable if... . a the individual is

When an individual receives a partnership interest in exchange for services, the transaction is most likely to be taxable if...

.

a

the individual is already a partner.

b

the individual receives a profits interest.

c

the individual receives a capital interest.

d

the individual is also a creditor of the partnership.

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