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Author Question: All of the following statements are true with regard to the formation of a partnershipexcept: (Read 28 times)

ap345

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on: Sep 13, 2020
All of the following statements are true with regard to the formation of a partnership except:
◦ The partnership's basis in the transferred property carries over from the transferor partners.
◦ With regard to capital assets and 1231 assets, the partnership's holding period for the transferred property includes the contributing partner's holding period.
◦ The nonrecognition rules apply to both property and services contributed to a partnership.
◦ A transfer of property in exchange for a partnership interest causes nonrecognition of gain or loss treatment.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by ap345 on Sep 13, 2020

Shshxj

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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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ap345

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

hollysheppard095

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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