22. SBT partnership distributes $5,000 cash and a parcel of land with a fair market value of...
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22. SBT partnership distributes $5,000 cash and a parcel of land with a fair market value of
$40,000 and a $25,000 basis to the partnership to Sam (30 percent partner). What factors must Sam and SBT consider in determining the tax treatment of this distribution?
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Related Book For 
Taxation Of Individuals And Business Entities 2020
ISBN: 9781259969614
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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