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Augustus1 Augustus1
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7 years ago
All of the following statements are true with regard to the formation of a partnership except:
A) The partnership's basis in the transferred property carries over from the transferor partners.
B) With regard to capital assets and 1231 assets, the partnership's holding period for the transferred property includes the contributing partner's holding period.
C) The nonrecognition rules apply to both property and services contributed to a partnership.
D) A transfer of property in exchange for a partnership interest causes nonrecognition of gain or loss treatment.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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#2
7 years ago
You're a saint, honestly

Thank you
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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