As a result of the dispute, the part- nership distributed only $75,000 to Crane. It placed the disputed $25,000 in escrow. However, Crane's Schedule K-1 from the partnership included the full $100,000.

Is Crane correct? Explain. Use internet tax resources to address the following questions. Look for reliable web- sites and blogs of the IRS and other government agencies, media outlets, businesses, tax professionals, academics, think tanks, and political outlets. Research Problem