Based on the basis of the distributions and Sutton's basis in the partnership, the amount of taxable distributions to Sutton is $0.
<h3 /><h3>How much of the distributions can be taxed?</h3>
The distributions can only be taxed if they exceed Sutton's basis in the partnership of $90,000.
As neither the cash distribution nor the building, have enough to surpass Sutton's basis, the taxable distributions will be $0.
Find out more on taxable distributions at brainly.com/question/26474690.
#SPJ12
Beverly, a real estate licensee is taking up the role of a transactional broker by not representing either party to a specific real estate transaction.
<h3>Who is a transactional broker?</h3>
A transaction broker is the one that provide third-party real estate services various buyers and sellers in exchange for a comission.
Here, transactional broker is a neutral person to parties in a real estate transaction.
Hence, Beverly, a real estate licensee is taking up the role of a transactional broker by not representing either party to a specific real estate transaction.
Learn more about transactional broker here : brainly.com/question/26052661
The principle that people face tradeoffs applies to individuals, families and societies.
<h3>What does tradeoff mean?</h3>
Tradeoff is an economic term which means that when a person chooses a particular decision, he forgoes other decisions. For example, if a doctor leaves his job to travel the world. He is trading off the income he would earn from working as a doctor to enjoy travelling the world.
Here is the complete question:
The principle that "people face trade-off" applies so:
a) Individuals.
b) Families.
c) Societies.
d) All of the above are correct.
To learn more about tradeoffs please check: brainly.com/question/26315727
Joe will likely attribute his failure to luck because he has
reasoned out that the reason why he failed the math test was because of
external locus of control in which is considered to be unstable in nature,
making his attribute fall in luck.
