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Author Question: A partnership's liabilities have increased by year-end. As a result, partners' bases in their ... (Read 28 times)

HCHenry

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on: Sep 13, 2020

Question 1

A partnership sells equipment and recognizes depreciation recapture under Sec. 1245.  In reporting its results for the year, the partnership will separately state the Sec. 1245 depreciation recapture.
◦ true
◦ false

Question 2

A partnership's liabilities have increased by year-end.  As a result, partners' bases in their partnership interests will increase.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by HCHenry on Sep 13, 2020

kescobar@64

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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HCHenry

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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