4- Which of the following statements is true regarding the operating distributions of companies? If a partner's external basis is greater than the bases of assets distributed in an operating distribution, the partner will recognize a gain. If a partner's external basis is greater than the bases of assets distributed in an operating distribution, the partner will recognize a loss. If a partner's external basis is less than the bases of assets distributed in an operating distribution, the partner will recognize a loss. Neither of these statements is true.

4- Which of the following statements is true regarding the operating distributions of companies? If a partner's external basis is greater than the bases of assets distributed in an operating distribution, the partner will recognize a gain. If a partner's external basis is greater than the bases of assets distributed in an operating distribution, the partner will recognize a loss. If a partner's external basis is less than the bases of assets distributed in an operating distribution, the partner will recognize a loss. Neither of these statements is true.

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations

Section: Chapter Questions

Problem 28P

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