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Which of the following is false concerning special basis adjustments under Section 7 5 4 ? Multiple Choice Special basis adjustments can occur when a
Which of the following is false concerning special basis adjustments under Section
Multiple Choice
Special basis adjustments can occur when a new investor purchases a partnership interest.
Special basis adjustments are an annual election made by the partnership.
Special basis adjustments can occur when a partner recognizes a gain or loss from a distribution.
Special basis adjustments are intended to eliminate discrepancies between inside and outside bases.
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