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Author Question: A business distributes land to one of its owners. The business purchased the land a few years ago ... (Read 89 times)

EY67

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on: Sep 13, 2020
A business distributes land to one of its owners.  The business purchased the land a few years ago for $15,000, but it is now worth $35,000.  Compare the treatment of this distribution when made by a partnership as opposed to an S corporation.  Consider the impact on the business and the partner/shareholder and the determination of basis in the property.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by EY67 on Sep 13, 2020

phuda

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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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EY67

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

brbarasa

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

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