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Author Question: When property is contributed to a partnership, the partnership's basis in the property is the same ... (Read 90 times)

audragclark

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on: Sep 13, 2020

Question 1

When capital or Sec. 1231 assets are transferred to a partnership in exchange for a partnership interest qualifying under Sec. 721, the holding period for the partnership interest includes the holding period of the contributed property.
◦ true
◦ false

Question 2

When property is contributed to a partnership, the partnership's basis in the property is the same as that of the transferor partner even if gain is recognized on the transfer.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by audragclark on Sep 13, 2020

chevyboi1976

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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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audragclark

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

sailorcrescent

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

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